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ULI and Chinachem Group Unveil Inaugural Senior Housing Report on Investment Potential in Hong Kong

Call for stronger ageing policies and public/private collaboration to develop senior housing market

HONG KONG SAR – Media OutReach – 19 October 2023 – Nearly one in three residents in Hong Kong will be seniors aged above 65 by 2038 and 70 per cent may require healthcare support due to chronic diseases. Yet, there is a shortage of senior housing units available in the market to meet their ageing needs, according to a report released by the Urban Land Institute (ULI) and Chinachem Group (Chinachem).

Rising demand, combined with limited land availability and high land costs, poses significant challenges for senior housing development in Hong Kong, known to have the world’s longest life expectancy. To accelerate the development of Hong Kong’s senior housing industry, the report urges the government and investors to collaborate in the following areas:

1. More specific land use policies
a. Assign designated land use categories for senior housing
b. Provide a preferential land premium for senior housing on residential land to lower cost

2. Incentives for senior housing development for the inclusion of senior-friendly design features

3. Improved healthcare subsidy scheme to expand and include private operators, which will lead to subsidised healthcare in private senior housing

4. Expansion of healthcare services incentives to private operators, encouraging them to make their services more accessible and offering more options for seniors

Hong Kong lagging behind in supply and policy support

To fulfill the priorities of the increasingly affluent seniors, the report calls for stronger ageing policies and public/private collaboration to develop the senior housing market in Hong Kong. At present, Hong Kong’s ageing policies have a limited scope, focusing on funding to non-profit/non-governmental organisations. Limited incentives are provided to the private sector in developing senior housing projects.

In building a robust Hong Kong senior housing market, equally important are factors such as public acceptance and the added value of professional services by the private sector. Therefore, the report recommends that the private sector considers the following when planning for senior housing properties:

  1. Development of intergenerational communities
  2. Add-on services for seniors for a smooth transition to ageing in place, such as training for domestic helpers and retrofitting of houses
  3. Greater use of technology in senior housing to ease the pressure on caretakers

Key learnings from the region

Referencing case studies within the APAC region — Australia, Japan, Mainland China, and Singapore, the report found that the execution of a holistic plan, involving various government departments and an effective mix of land supply and housing development and health, has been critical in lowering the cost of development and operation of senior housing in these markets.

Australia: One of the most established senior housing markets with a variety of housing options that cater to seniors with varying degrees of care needs; the government provides support to lower costs and promote development.

Japan: Government healthcare policies provide incentives for senior housing developments; capacity in the private senior housing market expanded by over 160 per cent during 2011-2018.

Mainland China: Insurance companies are key players in senior housing development; typically set up in tier 1 cities and marketed as exclusive communities with priority provided to customers.

Singapore: The government has taken the lead in developing various models of senior housing and incorporating senior-friendly designs in public housing developments.

“As baby boomers retire and life expectancies continue to increase, seniors will make up a significant portion of the population in the future. Today’s senior citizens naturally want to enjoy high quality of life after retirement. Policy support and public-private partnerships play an instrumental role to help stakeholders form effective ecosystems to overcome challenges such as limited land supply and high costs of senior housing development,” said Alan Beebe, CEO, ULI Asia Pacific.

“Having started to focus on Hong Kong’s ageing demography in recent years, Chinachem Group is pleased to share with society fresh insights from this Senior Housing Report. Committed to creating positive impact that will benefit senior citizens and their families, bring prosperity through investment in senior housing market, and preserve the planet, we aim at making Hong Kong a more liveable intergenerational community,” said Donald Choi, Executive Director and CEO, Chinachem Group.

Ar. Donald Choi will be part of a panel convening at 5PM (GMT+8), 19 October 2023, to discuss the key drivers for investment, challenges and future opportunities in the emerging Hong Kong senior housing sector. Other esteemed panellists include Dr. Ching-Choi Lam, SBS, JP – Member of the Executive Council, HKSAR Government, Ryan Ip, CFA, MRICS – Vice President and Co-Head of Research, Our Hong Kong Foundation and moderator Hannah Jeong – Head of Valuation & Advisory Services, Colliers.

The full report can be accessed via the ULI Knowledge Finder. Download hi-res images via https://bitly.ws/XsvB.

Hashtag: #UrbanLandInstitute #ULI #SeniorHousing #APAC #RealEstate

The issuer is solely responsible for the content of this announcement.

Urban Land Institute

The Urban Land Institute is a non-profit education and research institute supported by its members. Its mission is to shape the future of the built environment for transformative impact in communities worldwide. Established in 1936, the Institute has more than 48,000 members worldwide and over 3,000 members in the Asia Pacific region representing all aspects of land use and development disciplines. For more information on ULI Asia Pacific, visit or follow us on , , , , and .

Chinachem Group

Since 1960, Chinachem Group has been a leading property developer in Hong Kong, with a portfolio covering residential, commercial, retail and industrial buildings for sales and investment, in addition to operating hotels, property management as well as healthcare and elderly services. The Group actively seeks to make a positive contribution to society through its adherence to the ‘Triple Bottom Line’, a commitment that its activities will benefit People, bring Prosperity to the community and preserve the Planet. Please visit .

Decrypt, Build, and Connect WEB3 – ‘BIT BEST Web3 Finance Global Consensus Summit’ Successfully Concluded

DUBAI, UAE – Media OutReach – 19 October 2023 – On October 16, 2023, led by BIT BEST, the BIT BEST Web3 Finance Global Consensus Summit came to a successful conclusion in Bali. The conference, themed “BIT BEST & Web3 Finance”, focused on BIT BEST’s on-chain financial ecosystem, exploring decentralized financial theories and practices. It brought together hundreds of ecosystem members, industry KOLs, and crypto teams to discuss the challenges and opportunities of the Web3 financial era and share visions of the future of finance.

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At the conference, BITBEST CEO TW Wes, representing the organizer, gave the opening address, sharing the origins, vision, and plans of BITBEST.

Subsequently, BITBEST COO Ulviyya Ahmadova delivered a speech, stating that BITBEST’s next-phase goal is: “To drive the next generation of blockchain innovation and build a decentralized ecosystem.” She expressed her confidence in ensuring the healthy operation of the platform’s ecosystem and the safety of BITBEST user assets.

BITBEST’s CMO, Sophia Anderson, was unable to attend the summit in person due to work commitments. However, she sent her greetings via video, emphasizing the guiding principle of “customer-first and technology-driven.”

During the summit’s thematic sharing session, BITBEST’s Chief Advisor, Aiman, took the stage to speak. He pointed out that BITBEST stands out because of its continuous innovation and diversified ecological layout, and it has always adhered to core principles: safety and reliability, diversified ecology, user experience, and community co-construction.

Following the conclusion of the theme-sharing session, the conference entered its final segment. A spectacular opening dance performance kicked off the luxurious banquet. After the performance, BITBEST’s CEO, COO, Chief Advisor, and others took the stage to deliver heartfelt toasts.

Throughout the banquet, a variety of activities took place in succession, with the organizer BITBEST continuously offering grand prize draws.

As the drawing segment came to a close, enthusiastic applause resonated throughout the venue once more, pushing the meeting to another climax. Under the soft lights, with the representatives of the BITBEST ecological consensus, outstanding industry representatives, and attendees present, everyone posed for a group photo. Thus, the BIT BEST Web3 Finance Global Consensus Summit came to a perfect end.

Hashtag: #BitBest

The issuer is solely responsible for the content of this announcement.

Vodafone Business and e& Mark Strengthening of Strategic Collaboration with First Major Customer Win

Al Futtaim Group, a major conglomerate with leading brand franchises, chooses alliance for software-driven network

SINGAPORE – Media OutReach – 19 October 2023 – Vodafone Business and e& marked a significant strengthening of their enterprise collaboration with the first joint major customer win after they unveiled a new strategic relationship in May this year.

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At GITEX 2023 the world’s largest tech show today, Vodafone Business and e& also signed a Memorandum of Understanding (MOU) detailing how they will jointly market, sell and service businesses and public sector organisations across their respective footprint to support with their digital transformations. The two companies plan to work with existing multi-national enterprise customers that would benefit from their combined offerings, operational scale, and complementary geographic footprint.

Al-Futtaim Group, one of the largest family run conglomerates operating in diverse sectors such as automotive, retail, real estate, finance and health, is the first such customer to benefit from the new Vodafone Business and e& partnership. The Al-Futtaim Group chose this partnership because e& and Vodafone offers cross-border digital connectivity services, management and security in Europe, the Middle East and Africa, while ensuring Al-Futtaim Group adheres to local laws and regulations.

As Al-Futtaim Group looks to expand in new markets, particularly with its dynamic retail franchise business, it needed a secure solution that could be quickly and cost-effectively scaled up. Al-Futtaim Group will use an advanced software-defined wide area network (SD-WAN) from Vodafone with expert hybrid managed connectivity solutions provided by e& to advance its digital transformation and cloud adoption initially in eight countries.

Fánan Henriques, Vodafone Business International and EU-Cluster Director said: “I am delighted that Al-Futtaim Group has chosen the new Vodafone Business and e& partnership to usher in a new era of connectivity. We are a powerful force that can help accelerate the pace of digital transformation for many customers.

“We will now target the growth opportunities presented by the emergence of key trading corridors between the Middle East and Europe, and favourable regional macro-economic policies incentivising the deployment of digital infrastructure across both private and public sectors.”

Obaid Bokisha, Group Chief Operations Officer, e& Operations said: “I am looking forward to working and collaborating with Vodafone on this major project with Al Futtaim, taking this partnership to a whole new level ushering in a new era of digital acceleration for all our customers. Together we can empower possibilities and explore new frontiers of what is achievable. With our comprehensive digital first solutions we will continue to focus on driving synergies across our businesses, a testament to the strength of our partnership and value it will bring our customers.”

Vodafone Business and e& have defined principal areas of focus under their MOU agreement which include working closely with enterprise customers across markets, leveraging each other’s market capabilities and jointly offering cross-border digital services and solutions in accordance with applicable laws. This includes joint customer engagement and a cross market operating model to identify, explore, and secure new business opportunities.

The two companies will also jointly offer innovative and scaled digital products and services covering SD-WAN and SD-LAN, device life cycle management, Internet of Things (IoT), Mobile Private Networks, cloud solutions, and Unified collaboration and communication tools.

Hashtag: #VodafoneBusiness

The issuer is solely responsible for the content of this announcement.

About Al-Futtaim Group

Al-Futtaim Group is one of the largest family run conglomerates operating in diverse sectors such as automotive, retail, real estate, finance and health. Al-Futtaim Group works with the world’s most admired and innovate brands from across the globe – US, UK, Japan, Sweden, France, Germany – which trust Al-Futtaim Group with their own reputation and commercial success. Al-Futtaim Group was established in the 1930s as a trading business and is one of the most progressive regional family business houses headquartered in Dubai, United Arab Emirates.

About Vodafone

Vodafone is the largest pan-European and African telecoms company. Our purpose is to connect for a better future by using technology to improve lives, digitalise critical sectors and enable inclusive and sustainable digital societies.

We provide mobile and fixed services to over 300 million customers in 17 countries, partner with mobile networks in 46 more and are also a world leader in the Internet of Things (IoT), connecting over 167 million devices and platforms. With Vodacom Financial Services and M-Pesa, the largest financial technology platform in Africa, we serve more than 71 million people across seven countries.

We are committed to reducing our environmental impact to reach net zero emissions by 2040, while helping our customers reduce their own carbon emissions by 350 million tonnes by 2030. We are driving action to reduce device waste and achieve our target to reuse, resell or recycle 100% of our network waste by 2025.

For more information, please visit www.vodafone.com, follow us on Twitter at @VodafoneGroup or connect with us on LinkedIn at www.linkedin.com/company/vodafone.

About e&

e& is one of the world’s leading technology and investment groups. With consolidated net revenue at AED 52.4 billion and consolidated net profit of AED 10 billion for 2022, its high credit ratings reflect the company’s strong balance sheet and proven long-term performance.

Founded in Abu Dhabi more than four decades ago as the UAE’s first telecommunications company, the Group now operates in 16 countries across the Middle East, Asia and Africa.

e& provides innovative digital solutions, smart connectivity and next-generation technologies to a variety of customer segments through its business pillars: etisalat by e&, e& international, e& life, e& enterprise and e& capital.

To learn more about e&, please visit:

EVA SHAREHOLDER ALERT: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Enviva Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – EVA

New York, New York – Newsfile Corp. – October 18, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Enviva Inc. (NYSE: EVA) between November 3, 2022 and May 3, 2023, both dates inclusive (the “Class Period”), of the important November 13, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Enviva common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Enviva class action, go to https://rosenlegal.com/submit-form/?case_id=19071 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 13, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: The lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material information about the financial condition of Enviva, including its earnings before interest, taxes, depreciation, and amortization and net loss forecasts, liquidity position, capital allocations, operation costs, productivity, and the impact of these metrics on Enviva’s ability to continue paying dividends in 2023. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Enviva class action, go to https://rosenlegal.com/submit-form/?case_id=19071 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

Australian Journalist Says She Was Detained for 3 Years in China for Breaking Embargo

Australian journalist Cheng Lei smiles after she arrives at Tullamarine Airport in Melbourne on Wednesday Oct. 11, 2023. Lei says she spent more than three years in detention in China for breaking an embargo with a television broadcast. (Sarah Hodges/DFAT via AP)

CANBERRA, Australia (AP) — Australian journalist Cheng Lei says she spent more than three years in detention in China for breaking an embargo with a television broadcast on a state-run TV network.

Cheng‘s first television interview since she was freed was broadcast in Australia on Tuesday almost a week after she returned to her mother and two children, aged 11 and 14, in the city of Melbourne.

The Chinese-born 48-year-old was an English-language anchor for state-run China Global Television Network in Beijing when she was detained in August 2020.

She said her offense was breaking a government-imposed embargo by a few minutes following a briefing by officials.

Her treatment in custody was designed to “drive home that point that in China that is a big sin,” Cheng told Sky News Australia. “That you have hurt the motherland and that the state’s authority has been eroded because of you.”

“What seems innocuous to us here is –- I’m sure it’s not limited to embargoes, but many other things — are not in China, especially (because) I’m given to understand that the gambit of state security is widening,” she said.

Cheng did not give details about the embargo breach.

Her account differs from the crime outlined by China’s Ministry of State Security last week.

The ministry said Cheng was approached by a foreign organization in May 2020 and provided them with state secrets she had obtained on the job in violation of a confidentiality clause signed with her employer. A police statement did not name the organization or say what the secrets were.

A Beijing court convicted her of illegally providing state secrets abroad and she was sentenced to two years and 11 months, the statement said. She was deported after the sentencing because of the time she had already spent in detention.

Observers suspect the real reason Cheng was released was persistent lobbying from the Australian government and Prime Minister Anthony Albanese’s planned trip to China this year on a date yet to be set.

Cheng said that a visit to a toilet at the court on the morning before she was sentenced was the first time in more than three years that she had sat on a toilet or seen her reflection in a mirror.

Her commercial airline flight from Beijing to Melbourne was the first time she had slept in darkness in three years because the lights were always left on at night in the detention facilities.

Cheng migrated to Australia with her parents at age 10. She said she struggles to answer when asked how she has been since her return.

“Sometimes I fell like an invalid, like a newborn and very fragile,” Cheng said. “And other times I feel like I could fly and I want to embrace everything and I enjoy everything so intensely and savor it.”

_____

BY ROD MCGUIRK Associated Press

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages CS Disco, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – LAW

New York, New York – Newsfile Corp. – October 18, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of CS Disco, Inc. (NYSE: LAW) between July 21, 2021 and August 11, 2022, both dates inclusive (the “Class Period”), of the important November 20, 2023 lead plaintiff deadline.

SO WHAT: If you purchased CS Disco common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the CS Disco class action, go to https://rosenlegal.com/submit-form/?case_id=19221 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 20, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, “CS Disco repeatedly touted strong growth in its revenues attributable to customer usage of its cloud-based electronic discovery platform and asserted that it had good advance visibility into changes in the demand from individual customers over time.” The lawsuit also alleges that “[w]hile the Company also acknowledged that its rapid revenue growth was ‘usage driven’ and may be subject to volatility, it did not inform investors during the Class Period that it had any indication of significant headwinds to its growth.” When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the CS Disco class action, go to https://rosenlegal.com/submit-form/?case_id=19221 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

ROSEN, A LEADING, LONGSTANDING, AND TOP RANKED FIRM, Encourages DLocal Limited Investors to Secure Counsel Before Important Deadline in Securities Class Action – DLO

New York, New York – Newsfile Corp. – October 18, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of DLocal Limited (NASDAQ: DLO) between May 2, 2022 and May 25, 2023, both dates inclusive (the “Class Period”), of the important December 5, 2023 lead plaintiff deadline.

SO WHAT: If you purchased DLocal securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the DLocal class action, go to https://rosenlegal.com/submit-form/?case_id=19703 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 5, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) DLocal engaged in certain improper conduct and transfers abroad in violation of Argentine laws and/or regulations, including, among other things, foreign exchange regulations; (2) accordingly, DLocal’s compliance controls and procedures, including its disclosure controls and procedures and internal controls over financial reporting, were deficient; (3) all the foregoing subjected DLocal to a heightened risk of governmental and/or regulatory scrutiny in Argentina and/or enforcement action by Argentine authorities; and (4) as a result, DLocal’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DLocal class action, go to https://rosenlegal.com/submit-form/?case_id=19703 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Archer Aviation Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ACHR

New York, New York – Newsfile Corp. – October 18, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Archer Aviation Inc. (NYSE: ACHR) between September 17, 2021 and August 15, 2023, both dates inclusive (the “Class Period”), of the important November 20, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Archer Aviation securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Archer Aviation class action, go to https://rosenlegal.com/submit-form/?case_id=18433 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 20, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Archer Aviation relied on heavily edited videos of earlier flights to exaggerate the amount of flight testing it had actually performed and the sophistication of its electric vertical takeoff and landing (“eVTOL”) aircraft; (2) Archer Aviation had misrepresented the nature and profitability of its business partnerships; (3) Archer Aviation was unlikely to secure Federal Aviation Administration (“FAA”) certification in the timeframe it had represented to investors, thereby delaying the start of mass production of its aircraft for commercial sales; (4) accordingly, Archer Aviation had overstated its financial position and/or prospects; (5) all of the foregoing, once revealed, was likely to subject Archer Aviation to significant financial and/or reputational harm; and (6) as a result, Archer Aviation’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Archer Aviation class action, go to https://rosenlegal.com/submit-form/?case_id=18433 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.