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Appier records its first profitable year and forecasts profitable growth for 2023

Achieved annual operating profit one year ahead of schedule

TAIPEI, TAIWAN Media OutReach – 13 February 2023 –

Highlights and achievements for fiscal year 2022

  • Annual revenue increased to 19.4 billion yen with a 53% YoY growth rate, surpassing previous guidance of 19.2 billion yen
  • Full-year operating profit target reached one year ahead of schedule, with operating margins at 0.3% and improving by 9 percentage points YoY
  • Annual gross profit accelerated to 60% YoY, with a gross margin of 51.5%, more than tripled in the last 4 years
  • Revenue from US and EMEA markets increased over 7 times YoY and represented 12% of total revenues

Guidance for fiscal year 2023

  • Forecast of 31% (34% on FX neutral basis) increase in YoY revenue growth to 25.5 billion yen and gross profit growth is expected to surpass revenue growth at 35% YoY due to further gross margin improvement.
  • Increase in operating income by around 10 times to 535 million yen and further improve operating margin to 2.1%
  • Continuous geographic and vertical expansion, along with ROI-driven solutions and further product synergies for better up-sell and cross-sell opportunities, to be key growth drivers in FY23
  • Continued growth of AI trends to drive further business growth

Highlight and achievements of Q4 FY22

  • Revenue increased by 47% YoY and hit a historical high of 5.8 billion yen
  • Annual recurring revenue YoY growth rate further increased from 46% to 53%
  • Gross profit reached 56% YoY growth with a record-high gross profit of 3 billion yen
  • Attained both EBITDA margin and operating margin improvement of 6 percentage points YoY
  • Grew customers by 26% YoY, alongside a low customer churn rate of 0.62%

Closing out the year with a stellar performance

Appier Group Inc (TSE: 4180), henceforth referred to as Appier, today announced its fiscal and fourth-quarter earnings results for the year ended 31 December 2022. Appier closed out the fiscal year of 2022 achieving a full-year operating profit for the first time, one year ahead of schedule from its FY23 target, with a revenue increase of 53% YoY at 19.4 billion yen. This year marks growth acceleration for Appier for four years in a row, as annual gross profit more than tripled in the last four years to accelerate to 60% YoY. EBITDA margin rose to 7%, keeping the company on a strong trajectory toward its 2025 financial targets.

Appier’s strong performance was attributed to the continuous expansion of its customer base both regionally and vertically, alongside robust product synergies and successful customer retention through up-sell and cross-sell strategies. Northeast Asia (63%) continued to reach high growth despite a large revenue base, while revenues in Greater China (20%) were mainly driven by vertical growth. US and EMEA (12%) continue to be a key growth driver with a larger total addressable market (TAM), as it increased its revenue over 7 times YoY in the fiscal year.

The company’s further expansion to more diversified verticals led to stronger growth acceleration. The Digital Content (gaming, entertainment, e-books, and online streaming) vertical grew significantly with 10 percentage points YoY increase in FY22 to constitute 38% of total revenues, only second to Ecommerce (43%), then followed by Other Internet Services[1] (12%) and Consumer Brands and BFSI (7%). Strong demand from these digital-first industries will continue as they place digital strategies at the forefront of their transformation under the new normal post-COVID.

In addition to growing the total number of customers by 26% in FY22, Appier’s higher business efficiency also resulted in a higher customer Lifetime Value (LTV) at 64% YoY and a lower Customer Acquisition Cost (CAC) at -12% YoY. The higher LTV was driven by a lower churn rate of customer revenue and higher gross profit per customer; while the lower CAC was driven by lower expenses on new customer acquisition and a higher number of net new customers.

The successful transfer from the Mothers segment to the Prime segment on the Tokyo Stock Exchange (TSE) in December 2022 is also a significant testament to the sophisticated organization with strong growth and good corporate governance.

A strong quarter to close out a profitable year

Appier’s revenue in Q4 grew at a rate of 47% YoY to record a historical high of 5.8 billion yen, reaching a gross profit of 56% YoY growth. Operating margins reached 137 million yen, providing a strong tail end to close out a profitable fiscal year 2022. The company also retained a low customer churn rate of 0.62%.

“2022 has been a year of growth acceleration for Appier. We achieved full-year profitability one year ahead of schedule and tripled our revenue and gross profit in four years. These great results reflect that the market is responding well to the first-party data trends and our ROI-driven solutions powered by AI,” said Dr. Chih-Han Yu, CEO and Co-Founder, Appier. “2023 is an important year for exciting developments in AI. Supporting customers to gain the most value from AI trends and technologies through their digital transformation journeys remains a key priority for us. With the current trajectory that Appier is on, along with our core value of innovative technology enhancement, a customer-centric mindset, and prudent M&A approach, we are confident that we are on the right track to reach our targets this year.”

Strong business momentum for future growth

Appier’s 2023 guidance comes with forecasted annual revenue growth of 31% (34% on FX neutral basis) to reach 25.5 billion yen. The overall outlook for 2023 is optimistic, with annual gross profit growth of 35% YoY, an operating income increase of around 10 times to 535 million yen, and an EBITDA profit of 2.34 billion yen with a 72% YoY growth rate. The company also targets to achieve operating margins of 2.1% following its strong business momentum.

Looking ahead to FY23, Appier is confident about the future. The influence of first-party data trends and new technologies in AI, alongside the company’s strategic geographical and vertical expansions, and its focus on cutting-edge innovation, are set to consolidate demand for Appier’s solutions that turn customers’ marketing investments into measurable returns.

Generative AI: Enlarge the TAM from decision-making to content creation

The exponential growth of Generative AI and its potential has widened the space for MarTech applications. AI is not only empowering productivity through marketing automation and decision-making, but it is also tapping into the fields of idea generation to explore user insights and content creation to generate more creative materials for campaign usage. As Generative AI is expected to lead the next wave of AI accelerations and streamline marketing workflows, Appier keeps integrating advanced technologies to create cutting-edge solutions to bring value to customers and ensure that the company stays at the forefront of the AI SaaS space.


[1] Other Internet Services includes food delivery, travel booking and utility apps

Hashtag: #Appier

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

About Appier

Appier (TSE: 4180) is a software-as-a-service (SaaS) company that uses artificial intelligence to power business decision-making. Founded in 2012 with a vision of democratizing AI, Appier now has 17 offices across APAC, Europe and US, and is listed on the Tokyo Stock Exchange. Visit for more company information and visit for more IR information.

Cambodian Prime Minister Hun Sen Arrives in Laos

Cambodia's Prime Minister Hun Sen arrives in Laos for an official visit.

Hun Sen, the Prime Minister of Cambodia arrived at Wattay International Airport in Vientiane Capital for an official visit on Monday.

Sri Lankan Citizen Reveals Harrowing Details of Being Trafficked into Laos

Economic Crisis in Sri Lanka Forces Its People to Work as Scammers in Laos
Image used for representation purposes only (photo credit: Forbes)

Due to the country’s severe economic crisis, many Sri Lankans decided to seek employment overseas last year, only to find themselves stranded in Laos, working for scam call centers at the Golden Triangle Special Economic Zone (SEZ) in Bokeo province.

Metro Finance 22nd Anniversary Gala Dinner Cum Award Presentation Ceremony for 《Hong Kong Leaders ‘Choice 2023》

HONG KONG SAR – Media OutReach – 13 February 2023 – While it is never easy to become leader of a successful enterprise, it is more difficult to have brands recognized by business leaders. Noting that there is no brand award steered by business leaders, CEO and senior management to recognize and applaud distinguished brands with high quality and leading position in the market, Metro Finance thus launched the “Hong Kong Leaders’ Choice” in 2007, which has met with overwhelming success in the past years.

Officiating guests, Metro Broadcast’s management and all “Hong Kong Leaders’ Choice 2023” award-winners had group photo on stage.
Officiating guests, Metro Broadcast’s management and all “Hong Kong Leaders’ Choice 2023” award-winners had group photo on stage.

The annual “Hong Kong Leaders’ Choice” has been very well supported by corporate leaders and senior management of 1,000+ enterprises. Over the years, senior government officials, academia, community leaders have shown their support through joining as judges or attending the award presentation ceremony. They included former Chief Executive of the Hong Kong Special Administrative Region, Mr. Leung Chun-ying, GBM, GBS, JP, Mr. Francis Leung Pak-to, The “Father of Red Chips”, and Dr. Justin Chiu Kwok-hung, Executive Director of CK Asset Holdings Limited.

The Hon Mr. Tang Ping-keung, GBS, PDSM, JP, Secretary for Security of the Hong Kong SAR was present as an officiating guest and kicked off Metro Finance 22nd celebration with Mr. Sung Man-hei, Managing Director of Metro Broadcast Corporation Limited by lion dance eye-dotting ceremony.
The Hon Mr. Tang Ping-keung, GBS, PDSM, JP, Secretary for Security of the Hong Kong SAR was present as an officiating guest and kicked off Metro Finance 22nd celebration with Mr. Sung Man-hei, Managing Director of Metro Broadcast Corporation Limited by lion dance eye-dotting ceremony.

Metro Finance 22nd Anniversary Gala Dinner Cum Award Presentation Ceremony for Hong Kong Leaders’ Choice 2023, was successfully held on 9 February, 2023 at JW Marriot Hotel, Hong Kong. The event was well attended by corporate leaders and senior management of the participating enterprises, as well as members of the judging panel and leaders from business, finance and industry sectors. Officiating guests included Mr. Sung Man-hei, Managing Director of Metro Broadcast Corporation Limited and The Hon Mr. Tang Ping-keung, GBS, PDSM, JP, Secretary for Security of the Hong Kong SAR. In addition to congratulating Metro Finance on its 22nd anniversary and the award-winning companies, The Hon Mr. Tang Ping-keung, GBS, PDSM, JP, also commended Metro Finance, as one of the most influential and credible media in Hong Kong, for its foresight and efforts in staging radio programmes and events to tie in with the development of the Greater Bay Area. Joined by senior executives of Metro Radio and a number of business leaders, a toasting ceremony was later staged to commemorate the special occasion.

“Hong Kong Leaders’ Choice 2023” comprises seven categories, namely Bank, Finance Institution, Corporate Responsibility, Real Estate & Property Management, Health, Leisure & Lifestyle, and Innovative Technology & Intelligent Living respectively. As for the judging criteria, they include: Brand Awareness; Brand / Corporate Management; Marketing Strategies; Market Recognition, as well as Customer Satisfaction on Product / Service. All the awards are nominated by business and corporate leaders in order to recognize the outstanding achievements on brand management by respective awardees. There is a total of 33 award winners this year. (Please refer to the list of award recipients).

The judging panel of “Hong Kong Leaders’ Choice 2023” is formed by prominent corporate leaders, business tycoons and renowned representatives from different sectors. They included: Dr. Michael Chan Yue-kwong, The Honorary Chairman of The Hong Kong Institute of Marketing; Prof. Witman Hung, JP, the Hong Kong deputy to the 13th National People’s Congress and Principal Liaison Officer for the Hong Kong, Shenzhen Qianhai Authority; Ms. Sophia Kao Ching-chi GBS, SBS, JP , Director of Belt and Road Hong Kong Centre and Bay Area Hong Kong Centre; Mr. Simon Lee Siu-po, Honorary Institute Fellow in the Asia-Pacific Institute of Business , CUHK Business School; Dr. John Leung Wai-keung, Director of SCOPE, City University of Hong Kong; Dr. Allen Shi Lop-tak, BBS, MH, JP, President of The Chinese Manufacturers’ Association of Hong Kong; Mr. Mohamed D. Butt, MH, Executive Director of the Hong Kong Productivity Council; Mr. George Leung, CEO of Hong Kong General Chamber of Commerce; Dr. Billy Mak Sui-choi, Associate Professor – Department of Finance and Decision, Hong Kong Baptist University and Mr. William Tang Tat-chi, renowned fashion designer.

Apart from award presentation, Mr. Alex Chu, Fund Manager and Trainer of Investment Club, gave a talk on the investment environment in the Year of the Rabbit and shared with the attendees some tips on investment. There was a lucky draw session with attractive prizes included golden rabbit sponsored by Lukfook Jewellery and two round-trip business class air tickets to Tokyo sponsored by Cathay Pacific. The climax of the evening came with the singing of a new song “Hear Me Out” by VSing a cappella group based in Hong Kong.

List of Awardees of “Hong Kong Leaders’ Choice 2023”

Bank Excellent Brand of RMB Banking Service Bank of China (Hong Kong) Ltd.
Excellent Brand of GBA Cross Border Wealth Management Services Industrial and Commercial Bank of China (Asia) Ltd.
Excellent Brand of SME Financial Services The Hong Kong and Shanghai Banking Corporation Ltd.
Excellent Brand of Overseas Investment Consultancy Banking Services United Overseas Bank Ltd. Hong Kong Branch
Excellent Brand of Fintech (Corporate Financial Service) The Hong Kong and Shanghai Banking Corporation Ltd.
Excellent Brand of Green & Sustainable Corporate Banking Services

Bank of China (Hong Kong) Ltd.
Excellent Brand of Personal Loan Services Dah Sing Bank
Excellent Brand of Mobile Securities Services Dah Sing Bank
Excellent Brand of Property Purchase Planning and Mortgage Services Bank of China (Hong Kong) Ltd.
Excellent Brand of Securities and Investment Services Bank of China (Hong Kong) Ltd.
Excellent Brand of Art Promotion

United Overseas Bank Ltd.
Hong Kong Branch
Finance Excellent Brand of GBA Personal Financial Services China Construction Bank (Asia)
Excellent Brand of Critical Illness Insurance Services AXA Hong Kong
Excellent Brand of Voluntary Health Insurance AXA Hong Kong
Excellent Brand of Finance Services Platform AGBA l OnePlatform
Excellent Brand of Mobile MPF Services

The Hong Kong and Shanghai Banking Corporation Ltd.
Excellent Brand of Personal Accident Insurance Services

AXA Hong Kong
Excellent Brand of Wealth Management – Financial Co. Swiss Privilege
Excellent Brand of MPF Services

The Hong Kong and Shanghai Banking Corporation Ltd.
Excellent Brand of MPF Management

The Hong Kong and Shanghai Banking Corporation Ltd.
Excellent Brand of MPF Online Platform BOCI-Prudential Trustee Limited
Excellent Brand of Employees’ Compensation Insurance AXA Hong Kong
Excellent Brand of Savings Insurance Products and Services AXA Hong Kong
Corporate Social Responsibility / Real Estate and Property Management

Excellent Brand of Sustainable Development (Insurance Companies) AXA Hong Kong
Excellent Brand of Sustainable Development (Banks) China Bohai Bank Co., Ltd.
Excellent Brand of Overseas Property Developer (Penang) Hunza Properties Berhad
Excellent Brand of Overseas Property Agency Jade Land Properties (HK) Ltd.
Health and Leisure and Lifestyle

Excellent Brand of Anti-aging NMN Product Meiga Health Holdings Ltd.
Excellent Brand of Medical Group CHKMED Ltd.
Excellent Brand of Health Food SQUINA
Innovative Technology and Intelligent Living Excellent Brand of Genetic Test Services BGI Health (HK) Co. Ltd.
Excellent Brand of Smart Solutions Autotoll Limited
Excellent Brand of EV Charging Cornerstone EV Charging Service Ltd.

Hashtag: #MetroBroadcastCorporationLimited #MetroFinance #HongKongLeadersChoice #HongKongLeadersChoice2023 #BusinessLeaders #Branding #GreaterBayArea

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

Bowtie Offers VHIS Free Upgrade Even When Medical Inflation Hits 15-years High

HONG KONG SAR – Media OutReach – 13 February 2023 – As the global medical inflation continues to rise, most medical insurance plans have increased their premiums in order to cope with the rising costs. Bowtie, Hong Kong’s first virtual insurance company, is devoted to reducing costs with technology. Throughout the past 3 years, Bowtie has been offering free upgrades on its VHIS coverage, allowing HongKongers to enjoy more comprehensive medical protection at a more affordable premium.

Hong Kong Medical Inflation Rate Reaches 8.8%

According to the 2023 Global Medical Trends Survey by WTW, a multinational insurance consulting company, the global inflation and pandemic have led to a surge in healthcare usage, pushing the global medical costs to a nearly 15-years high.

It is estimated that the global average medical inflation rate will rise from 8.8% in 2022 to almost 10% in 2023, and during the same period, Hong Kong’s medical inflation rate will rise from 8.2% to 8.8%.

2021 2022 2023
Global 8.2% 8.8% 10%
Hong Kong 7.5% 8.2% 8.8%

Source: Global Medical Trends Survey by WTW

Bowtie Offers Upgraded Coverage Instead of a Raise

Medical inflation will inevitably make the public bear burdens while leading to higher operating costs for insurers as they have to pay out more for medical treatment. However, Bowtie, as the first virtual insurance company in Hong Kong, is committed to providing better protection at the best possible premium via reducing unnecessary costs through technology.

Instead of increasing its voluntary medical insurance premiums, Bowtie has continued to provide a series of free coverage upgrades over the past 3 years, despite the recent inflationary spike. Bowtie VHIS Flexi Regular and VHIS Flexi Plus have upgraded 7 benefits, mostly around 4 areas. For example, surgeon’s Fee, anesthetist’s fee and operating theatre fees were increased by 20% to reduce out-of-pocket expenses, room and board and miscellaneous charges were enhanced 5-29% to reduce customer shortfalls, and the pre- and post-confinement outpatient care coverage was increased by 18-55%. All customers shall enjoy extra medical coverage at the same premium.

Bowtie Launched 5 VHIS Plans to Offer “Just-Fit” Protection

Bowtie offers a variety of plans under the Voluntary Health Insurance Scheme, including VHIS Standard Plan, VHIS Flexi (Regular), VHIS Flexi (Plus), Pink (Semi-private Room) and Pink (Private Room), policyholders can choose the most suitable VHIS plan according to their own budget and needs.

VHIS Standard VHIS Flexi (Regular) VHIS Flexi (Plus) Pink (Semi-private) Pink (Private)
Monthly Premium¹ HK$123 HK$200 HK$356 HK$257 HK$480
Insurance Amount HK$420,000/ year HK$600,000/ year HK$1 million/ year HK$10 million/ year
Lifetime Coverage Limit No lifetime coverage limit HK$50 million/ lifetime
Additional Medical Coverage No additional medical insurance HK$120,000²/ year, 11 additional protection items HK$220,000²/ year, 11 additional protection items Not applicable
Deductible No deductible option HK$0/HK$20,000/HK$50,000/HK$80,000
Full Compensation Items No full compensation items Full compensation3 on eligible medical expenses such as diagnosis, hospitalization, surgery and prescribed non-surgical cancer treatment
Suitable For Those who have basic hospitalization medical insurance with a budget The compensation rate in the past is as high as 90%⁴, suitable for those who pursue cost-effective and do not have any medical insurance Suitable for those who do not have any health insurance and require semi-private ward services People who hold other medical insurance policies with deductible Top-Up medical protection Those who have high requirements on the treatment environment and services

¹Assuming the insured is a 30-year-old non-smoking male

² With 20% co-insurance; only applicable to the insurance items marked with SMM in this plan.

³ The Bowtie Pink Voluntary Health Insurance Scheme fully pays for eligible medical expenses such as diagnosis, hospitalization, surgery and prescribed non-surgical cancer treatment (except in the United States), subject to the annual benefit limit and lifetime benefit limit. If the claim involves a Chinese hospital that is not on the list of designated hospitals in Mainland China / a high-end hospital within the list of designated hospitals in Mainland China / exceeds the designated ward level / pre-existing diseases before applying for insurance, the relevant compensation amount may be adjusted. Please refer to Sections 1(b), 1(c) of the First Supplement and Section 6.4 of the Terms and Conditions for details.

⁴ As of September 2021, the compensation rate for Bowtie VHIS Flexi (Regular) is 90%.

Hashtag: #BowtieLifeInsurance #VoluntaryMedicalInsurance #MedicalInflation

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

About Bowtie

The Bowtie Life Insurance Company Limited is an authorised life insurance company and Hong Kong’s very first virtual insurer approved under the Fast Track pilot scheme. Through the use of modern technology and medical expertise, Bowtie offers a commission-free convenient online platform for customers to quote, apply and claim for health insurance plans certified by the Health Bureau under the Voluntary Health Insurance Scheme (VHIS). In addition, Bowtie has also gone into everyday life by creating the One-stop Primary Care Centre and the Asian Health Hub . Bowtie is backed by Sun Life Financial, Mitsui & Co., Ltd and supported by leading international reinsurers.

Stay up to date at .

Hang Lung Further Expands Coverage of Electric Vehicle Charging Stations in the City’s Prime Locations and Tourist Spots

HONG KONG SAR – Media OutReach – 13 February 2023 – Hang Lung Properties (the “Company” or “Hang Lung”, SEHK stock code: 00101) is committed to reaching net-zero greenhouse gas (GHG) emissions across its value chain by 2050. The Company has invested resources to expand the coverage of Electric Vehicle (EV) charging stations across its properties in Hong Kong Island and Kowloon. This will help promote sustainable transport as a means to reduce emissions in the city, and contribute to the Hong Kong Government’s goal to achieve carbon neutrality by 2050.

Hang Lung collaborate with Sime Darby Motor Services Limited to provide EV charging facilities at our properties. In the picture are Ms. Helen Lau, Deputy Director (Head of Hong Kong Business Operation) of Hang Lung Properties (Left) and Mr. Eric Leung, Head of Mobility Solutions of Sime Darby Motor Group (Right)

Hang Lung collaborate with Sime Darby Motor Services Limited to provide EV charging facilities at our properties. In the picture are Ms. Helen Lau, Deputy Director (Head of Hong Kong Business Operation) of Hang Lung Properties (Left) and Mr. Eric Leung, Head of Mobility Solutions of Sime Darby Motor Group (Right)

EV charging facilities which are compatible with most EVs, are available across Hang Lung properties in the Central Business District and the city’s prime tourist areas, namely Peak Galleria, Hang Lung Centre, Kornhill Plaza, Gala Place, Amoy Plaza, and the Canton Road Carpark, representing a 60% increase year-on-year compared to 2021.

EV charging facilities at Kornhill Plaza, Quarry Bay

EV charging facilities at Kornhill Plaza, Quarry Bay

Ms. Helen Lau, Deputy Director (Head of Hong Kong Business Operation), said, “Hang Lung aspires to create compelling spaces that enrich lives and pursues sustainable growth in the community. With customer centricity at the heart of our daily business, we believe the expanded coverage of our EV stations at the unique, strategic locations of our properties in Hong Kong will provide our customers with a sustainable shopping experience.”

Climate resilience is one of the four sustainability priorities of Hang Lung. The Company has a clear agenda to achieve sustainability leadership, with a well-integrated set of short-, medium- and long-term goals, targets and KPIs. In particular, the Company is targeting to exceed the requirements of local regulations for the provision of EV charging facilities by the end of 2025, wherever feasible across our portfolio.

EV charging facilities at Hang Lung Centre, Causeway Bay

EV charging facilities at Hang Lung Centre, Causeway Bay

Hang Lung has attained several significant achievements recently. The Company launched a sustainability partnership with the LVMH group, a first-of-its-kind collaboration between property owners and leading retail brands. Parc 66 has become the first commercial property in Jinan and Shandong Province to be 100% powered by renewable energy, taking the renewable electricity mix in the Company’s mainland China properties to almost 25%. Hang Lung also garnered top ratings in global sustainable building certifications and was recognized with numerous ESG awards. These achievements demonstrate that Hang Lung is taking concrete action to embed sustainability in all aspects of its work to realize the ambition of becoming one of the world’s most sustainable real estate companies.

Hashtag: #HangLung

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

About Hang Lung Properties

Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is recognized for leading the way in enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

For more information, please visit .

Victory Securities Holds ” HONG KONG’S FIRST VIRTUAL ASSET RESEARCH CONFERENCE”, analyzing the future potential of virtual assets

HONG KONG SAR – Media OutReach – 13 February 2023 – Victory Securities held the “HONG KONG’S FIRST VIRTUAL ASSET RESEARCH CONFERENCE”, detailing an overview of the cryptocurrency market and analyzing the impact of external factors on the cryptocurrency market. At the press conference, a panel of experts in the virtual asset industry discussed how to revolutionize the virtual asset industry.

Adam Zhou, Managing Director of Victory Securities, categorically recognized the future value of virtual assets by stating “Through blockchain technology, virtual assets can be traded globally, and Ethereum smart contracts further expand application of cryptocurrency.”

Prominent experts in the field shared their insights at the press conferences, including Alvin Kwock, Founder & CEO of OneDegree, Professor Jack Poon, Professor of Practice at PolyU, Candy Pan, Director of Deloitte Financial Services, Karen Man, Partner at Baker & McKenzie, and Kennix Chan, Executive Director of Victory Securities & VDX, exploring ways to innovate in the virtual asset industry.

Karen Man believed that by bringing virtual assets into an open regulatory environment, international virtual asset investors may come to the Hong Kong market to develop projects such as stablecoins and exchanges.

Alvin Kwock proposed the idea that insurance can be a means to effectively control the risk of virtual assets. However, only 25% of companies have sufficient risk control measures to secure an insurance policy. He believed that there is a huge demand for virtual asset insurance in Hong Kong, leaving significant room for growth in the number of compliance agencies insuring against virtual assets in the next two years.

In addition, Candy Pan believed that regulatory technology and compliance technology (Regtech) are crucial to the development of virtual assets. Through the application of financial technology such as artificial intelligence, it is possible to quickly identify customers and track the flow of money.

Concerning investor risks and regulatory agencies, Kennix Chan pointed out that Hong Kong has a sound traditional financial system that can effectively supervise virtual assets, thereby accelerating the development of the virtual asset industry.

Jack Poon viewed supervision as the first step in the development of virtual assets. To him, development of the technology is essential to ensuring the sustainability of virtual assets in the future.

At the end of the press conference, Kennix Chan spoke about the outlook, “I hope that the Hong Kong Government will communicate more with the industry, educate people about virtual assets and formulate policies to attract talents, so as to set a clear blueprint for the development of virtual assets for the industry to follow.”

For more information about the investment opportunities in global stock markets, please visit Victory Securities’ website at www.victorysec.com.hk.

Hashtag: #VictorySecurities

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

About Victory Securities

Rooted in Hong Kong for 50 years, Victory Securities (stock code: 8540. HK) offers comprehensive and fully-licensed financial services. It is licensed by the SFC to conduct Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities), Type 6 (advising on corporate finance) and Type 9 (asset management) regulated activities in Hong Kong.

Victory Securities has also recently obtained consent from the SFC to (i) provide virtual asset dealing services under an omnibus account arrangement; (ii) provide virtual asset dealing services by way of introducing eligible clients to licensed virtual asset platforms for direct trading; (iii) market and distribute virtual asset-related private funds to eligible clients; (iv) provide securities brokerage services to eligible clients with respect to virtual asset-related exchange-traded funds (including exchange-traded virtual asset derivative funds); and (v) provide virtual asset advisory services.

Disclaimer

The information and materials contained in this report are not intended to serve as professional investment advice or other opinions.

There is no regulatory authority oversight of the information and materials contained in this content, and they are not intended to serve as professional investment advice or opinions. It is important to note that this information should not be interpreted as an invitation to buy or sell investment products, or as a basis for making investment decisions, or as professional advice. Before making any investment decision, investors should carefully consider their individual circumstances, including their investment purpose, investment experience, financial situation, and unique requirements.

Dealing in virtual assets is only suitable for professional investors with product knowledge. Due to the volatility and unpredictability of virtual assets in comparison to legal tender, they may result in heavy losses within a short period of time. In this regard, virtual assets are considered to be highly risky. Before making any investment decision, investors should understand the nature, terms, and risks of relevant investment products, review relevant sales documents, and seek appropriate professional advice if necessary.

Etiqa Insurance Singapore extends official partnership with NATAS in 2023 to bring continued peace of mind for travellers

SINGAPORE – Media OutReach – 13 February 2023 – Etiqa Insurance Singapore, a leading general and life insurer, today announces its continued sponsorship of the 2023 National Association of Travel Agents Singapore (NATAS) Fair from 24 to 26 February as its Official Travel Insurance Partner, bringing greater peace of mind to travellers by offering up to 35% discount on travel insurance products.

With the relaxation of travel restrictions, some 90% of Singaporeans surveyed in a study are heading overseas to enjoy a restful break. With the inconvenience of pandemic restrictions still fresh on their minds, having a good insurance policy will help ease any uncertainties and guard against unexpected circumstances that might crop up along the journey.

“Etiqa Insurance Singapore is proud to continue our partnership with NATAS as Official Travel Insurance Partner for the upcoming NATAS Fair 2023. With most border policies now stabilised, we expect this year’s turnout to be as strong as last year’s. This is the largest travel fair in Singapore and we want to be present here for all the travellers as they deserve a protected, worry-free holiday,” said Raymond Ong, Chief Executive Officer, Etiqa Insurance Singapore.

As NATAS’ Official Travel Insurance Partner, Etiqa will be offering attractive deals at its booth, including 35% off Tiq travel insurance or Travel Infinite and free popcorn at the booth.

They will also be able to enjoy gifts according to the premium amount spent:

Premium Amount Spent Sign-Up Gift
S$50 to S$100 Utility Pouch
S$101 to S$150 Collapsible Water Bottle
S$151 to S$200 Featherlite Foldable Travel Backpack
S$251 and above Travel Adaptor

Visitors to NATAS Travel Fair 2023 are invited to visit Etiqa Insurance Singapore’s booth at the Singapore Expo Hall 5 Booth 5H33 to learn more about Tiq Travel Insurance and Travel Infinite, as well as to participate in the exciting line-up of promotions during 24 to 26 February 2023.
Hashtag: #EtiqaInsurance #NATAStravel2023 #travelinsurance #travel



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

About Etiqa Insurance Pte. Ltd. (Etiqa Insurance Singapore)

Protecting customers since 1961, Etiqa Insurance Singapore is a licensed life and general insurance company regulated by the Monetary Authority of Singapore (MAS) and governed by the Insurance Act. The local insurer is the Singapore operating entity of Etiqa Insurance Group – a leading insurance and takaful business in ASEAN offering life and general insurance and family and general takaful products through its agents, branches, offices, and bancassurance network in the region. Etiqa is rated ‘A’ by credit rating agency Fitch for the group’s ‘Favorable’ business profile and ‘Very Strong’ capitalisation.

Etiqa is owned by Maybank Ageas Holdings Berhad, a joint venture company that combines local market knowledge with international insurance expertise. The company is 69% owned by Maybank, the fourth largest banking group in Southeast Asia, and 31% by Ageas, an international insurance group with footprints across 16 countries and a heritage that spans over 190 years.