Saguenay, Quebec – Newsfile Corp. – July 26, 2023 – First Phosphate Corp. (CSE: PHOS) (OTC Pink: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to announce the positive results of its Preliminary Economic Assessment (“PEA“) on the Lac à l’Orignal Property (the “Property” or the “Project“) located 84 km northeast of Saguenay, Quebec, Canada.

First Phosphate acquired and negotiated a 100% royalty free interest in the Property in 2022. The PEA provides a viable case for developing the Property by open pit mining for the primary production of a phosphate concentrate and secondary recovery of magnetite and ilmenite concentrates. First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for use in the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry.

Highlights (all dollar amounts in Canadian dollars on a 100% project ownership basis unless otherwise indicated):

• The Project would produce annual average of 425,000 tonnes of beneficiated phosphate concentrate at over 40% P2O5 content, 280,000 tonnes of magnetite and 97,000 tonnes of ilmenite over a 14.2 year mine life.

• The Project generates a pre-tax internal rate or return (IRR) of 21.7% and a pre-tax net present value (NPV) of $795 Million at a 5% discount rate at June 30/23 approximate 18 month trailing average phosphate price and long term consensus magnetite and ilmenite prices.

• The Project generates an after-tax internal rate or return (IRR) of 17.2% and an after-tax net present value (NPV) of $511 million at a 5% discount rate at June 30/23 approximate 18-month trailing average phosphate price and long term consensus magnetite and ilmenite prices.

• The Project would generate an after-tax cash flow of $567 Million in years 1-5, resulting in a 4.9-year payback period from start of production.

• The Company has an MOU in place with Prayon Technologies of Belgium for up to 400,000 tonnes of annual phosphate concentrate offtake as well as a long-term purified phosphoric acid toll processing agreement.

• The Project benefits from nearby road access and electrical power line, year round accessible deep sea Port of Saguenay at 107 km by four season road.

• The PEA used Indicated and Inferred Mineral Resources in its calculations.

• The Project has no outstanding royalties or financing streams registered against it.

“We are very pleased with the results of this Preliminary Economic Assessment of our Lac à l’Orignal property and its timely completion. Our strategy to keep capex low and mine size controlled echoes these PEA results nicely,” says First Phosphate President, Peter Kent. “We’re now in a position to prudently evaluate next steps for the Company as we continue with our mission to apply a partnership-based approach to integrate vertically from mine to value-added production of purified phosphoric acid and LFP cathode active material for the North America LFP battery industry.”

PEA BASE CASE FINANCIAL SUMMARY (all dollar amounts in $Canadian unless otherwise noted, presented on a 100% ownership basis):

Pre-Tax Net Present Value (5% discount rate)	$795 Million
After-Tax Net Present Value (5%)	$511 Million
Pre-Tax Internal Rate of Return	21.7%
After-Tax Internal Rate of return	17.2%
After-Tax Payback	4.9 Years
Preproduction Capital	$550 Million
Sustaining Capital	$130 Million
Mine Life	14.2 Years
Process Plant Throughput	10,500 tpd
Concentrate Prices
Phosphate (40% P2O5)	$367/t USD
Magnetite (69% Fe)	$95/t USD
Ilmenite (39% TiO2)	$250/t USD
Exchange Rate $CAD:$USD	$1.32

PEA TECHNICAL SUMMARY

Mine Life	14.2 years
Mine Plan Tonnage	54.0 Million tonnes
Process Plant Feed Grade
P2O5	4.91%
Fe2O3	22.62%
TiO2	4.14%
Strip Ratio (Waste:Process Plant Feed)	1.7:1
Operating Cost (per tonne of process plant feed)	$30.43

Pit-Constrained Mineral Resource Estimate (1-4) at 2.5% P2O5 Cut-off
Class	Tonnes (M)	P2O5 (%)	Contained P2O5 (kt)	Fe2O3 (%)	Contained Fe2O3 (Mt)	TiO2 (%)	Contained TiO2 (Mt)
Indicated	15.8	5.18	821	23.90	3.8	4.23	0.67
Inferred	33.2	5.06	1,682	22.55	7.5	4.16	1.38

Note: P₂O₅ = phosphorus pentoxide, Fe₂O₃ = iron oxide/ferric oxide, TiO₂ = titanium dioxide.

1. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability.
2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation socio-political, marketing, or other relevant issues.
3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
4. The Mineral Resources in this Technical Report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.

Figure 1 – Lac Orignal Project – Optimized Pit Shells

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/8917/174806_b00d00acd48efa5e_001full.jpg

The mining plan uses conventional truck/shovel open pit methods employing 90-tonne capacity haulage trucks and shovels equipped with 10 cubic metre buckets. The open pit will be mined over a period of 14.2 production years and one year of pre-stripping. Mineralized material will be transported by haulage trucks to the nearby process plant, and waste rock will be stored at a facility located at 1 (one) kilometer southeast of the open pit. Mining will be conducted at an initial rate of 8 Million total tonnes per annum (Mtpa), and will reach a peak of 14 Mtpa based on process plant feed and waste rock removal requirements.

The process plant feed is contained within an optimized subset of the Mineral Resource set out in the table above. The open pit contains 54.0 Mt of process plant feed (inclusive of mining dilution and loss factors) averaging 4.91% P₂O₅, 22.62% Fe₂O₃ and 4.14% TiO₂. The process plant feed is associated with 91 Mt of waste rock and overburden resulting in an overall life-of-mine strip ratio of 1.7:1. It is notable that all Mineral Resources considered for mining are in the Indicated and Inferred classifications. No backfilling of the mined-out open pit with either waste rock or tailings is planned, which will allow potential open pit wall pushbacks and future mining if economic conditions become favourable.

Extensive metallurgical testing was carried out at SGS, Quebec City. The test work has indicated process recoveries of phosphate, magnetite and ilmenite to be reasonably high and relatively consistent. The most recent tests focused on circuit stability and maximizing concentrate recovery.

Tailings and waste rock management is designed for closure and the elimination of concerns for acid drainage or metal leaching.

Initial Capital Costs ($Canadian Millions)

Pre-Stripping	30
Processing Plant	215
Tailings Management Facility	42
Indirects, EPCM and Owner’s Costs	110
Site and Port Infrastructure	62
Contingency	91
Total Initial Capital	550

Sustaining Capital ($C Millions)

Mining	46
Processing Plant	6
Tailings Management Facility	56
Contingency	22
Total Sustaining Capital	130

LOM Operating Costs ($C per tonne)

Mining Cost per tonne mined material (waste and mineralized material	2.77
Mining Cost per tonne plant feed	7.48
Processing Cost per tonne plant feed	12.60
G & A per tonne plant feed	1.67
Tailings Management	1.85
Concentrate Handling and Transport	6.83
Total Cost per tonne plant feed	30.43

The Project site is within the Mashteuiatsh, Essipt and Pessamit First Nations, which confers certain rights to aboriginal peoples in the area. First Phosphate recognizes the traditional rights of Indigenous people and acknowledges the exercising of treaty rights to preserve their cultural identity and customs. As such, since acquisition of the Property, First Phosphate has continued to regularly meet with communities to acquire information and incorporate feedback into the Project decision-making process. First Phosphate is striving to ensure these partnerships have a mutually beneficial outcome and to maintain strong and long-lasting relationships. First Phosphate and its’ predecessors have been engaged in consultation and negotiations with a number of aboriginal communities with respect to the Project since 2022.

Qualified Persons

The scientific and technical disclosure for First Phosphate included in this News Release have been reviewed and approved by Gilles Laverdière, P.Geo. and Mr. Eugene Puritch, P.Eng., FEC, CET. Messrs. Laverdière and Puritch are Qualified Persons under National Instrument 43-101 Standards of Disclosure of Mineral Projects. Mr. Puritch is independent of First Phoshate.

About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, at full ESG standard and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

About P&E Mining Consultants Inc.

P&E was established in 2004 and provides geological and mine engineering consulting reports, Mineral Resource Estimate technical reports, Preliminary Economic Assessments and Pre-Feasibility Studies. P&E is affiliated with major Toronto based consulting firms for the purposes of joint venturing on Feasibility Studies. P&E’s experience covers over 400 NI 43-101 Technical Reports including First Phosphate’s Lac à l’Orignal NI 43-101 Mineral Resource Estimate which was completed in November 2022.

For additional information, please contact:

Peter Kent, President
peter@firstphosphate.com
Tel: +1 (647) 707-1943

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:

Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate

-30-

Forward-Looking Information and Cautionary Statements

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that the Indicated Mineral Resources will be converted to the Probable Mineral Reserve category, and there is no certainty that the updated Mineral Resource statement will be realized.

The Mineral Resource Estimate contained herein may be subject to legal, political, environmental or other risks that could materially affect the potential development of such Mineral Resources. See the Resources Report, once filed, for more information with respect to the key assumptions, parameters, methods and risks of determination associated with the foregoing.

The PEA is preliminary in nature, includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The PEA is subject to a number of risks and uncertainties. See below and the Technical Report for more information with respect to the key assumptions, parameters, methods and risks of determination associated with the foregoing.

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the Company’s commitment to producing high purity phosphate materials at full ESG standard under a low carbon footprint; the Company’s plans to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s proposed development of its land claims in the Saguenay Region; the results of the PEA, statements regarding the impact and implications of the economic statements related to the PEA, such as future projected production, costs, including, statements with respect to Mineral Resource Estimates, recovery rates, IRR, NPV, mine life, CAPEX, payback period, sensitivity analysis to mineral prices, timing of future studies including the pre-feasibility study, environmental assessments (including the timing of an environmental impact study) and development plans, the Company’s understanding of the project; the potential to extend mine life beyond the period contemplated in the PEA, opportunity to expand the scale of the project, the development potential and timetable of the project; the estimation of Mineral Resources; realization of Mineral Resource Estimates; the timing and amount of estimated future exploration; costs of future activities; capital and operating expenditures; and success of exploration activities.

Forward-looking information in this press release are based on certain assumptions and expected future events, namely: the Company’s ability to producing high purity phosphate materials at full ESG standard under a low carbon footprint; the Company’s ability to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s ability to develop its land claims in the Saguenay Region; accuracy of the results of the PEA; accuracy of the statements regarding the impact and implications of the economic statements related to the PEA, such as future projected production, costs, including, statements with respect to Mineral Resource Estimates, recovery rates, IRR, NPV, mine life, CAPEX, payback period, sensitivity analysis to mineral prices, timing of future studies including the Pre-Feasibility Study, environmental assessments (including the timing of an environmental impact study) and development plans; the Company’s ability to carry out its plans for its projects; the ability of the Company to extend mine life beyond the period contemplated in the PEA; the ability of the Company opportunity to expand the scale of the project; the ability of the Company to carry out the development potential and timetable of the project; the accuracy of the estimation of Mineral Resources; the Company’s ability in realizing its Mineral Resource Estimates; the Company’s ability in carrying out the timing and amount of estimated future exploration; the accuracy of costs of future activities; the accuracy of the Company’s capital and operating expenditures estimates; and the Company’s ability to carry out and achieve successful exploration activities.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to produce high purity phosphate materials at full ESG standard under a low carbon footprint; the Company’s inability to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s inability to develop its land claims in the Saguenay Region; inaccuracy of the results of the PEA; inaccuracy of the statements regarding the impact and implications of the economic statements related to the PEA, such as future projected production, costs, including, statements with respect to Mineral Resource Estimates, recovery rates, IRR, NPV, mine life, CAPEX, payback period, sensitivity analysis to mineral prices, timing of future studies including the Pre-Feasibility Study, environmental assessments (including the timing of an environmental impact study) and development plans; the Company’s inability to carry out its plans for its projects; the inability of the Company to extend mine life beyond the period contemplated in the PEA; the inability of the Company opportunity to expand the scale of the project; the ability of the Company to carry out the development potential and timetable of the project; the inaccuracy of the estimation of Mineral Resources; the Company’s inability in realizing its Mineral Resource Estimate; the Company’s inability in carrying out the timing and amount of estimated future exploration; the inaccuracy of costs of future activities; the inaccuracy of the Company’s capital and operating expenditures estimates; and the Company’s inability to carry out and achieve successful exploration activities.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

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

About First Phosphate Corp.

Research outcomes have potential for dual-use applications, for leverage by both the industry & defence

SINGAPORE – Media OutReach – 26 July 2023 – AI Singapore (AISG) announced today that it will award up to S$20 million, through the Robust AI Grand Challenge and the AI for Materials Discovery Grand Challenge, to support five multidisciplinary teams which will address challenges related to the increasing use of AI in emerging applications.

AISG launched both Grand Challenges in December 2022 in collaboration with the Future Systems and Technology Directorate (FSTD), MINDEF Singapore, and DSO National Laboratories (DSO).

Each Challenge is a first-of-its-kind and represents a major milestone in research collaboration between the academia and defence ecosystems. The research outcomes will have the potential for dual-use applications and can be leveraged by both the industry and defence to benefit Singapore.

The grant awards were presented by Mr Heng Chee How, Senior Minister of State for Defence at the Joint Grant Awards Ceremony.

In his speech, Mr Heng said, “The advancement of Artificial Intelligence (AI) will open up new possibilities and MINDEF/SAF is poised to harness its power to build important capabilities for our future. MINDEF’s approach is to collaborate extensively with local and global partners from research institutes, and institutes of higher learning and industry. MINDEF’s Defence Technology Community, which designs and develops technological capabilities for the SAF, will play a key role in this effort.

“Moving forward, we will also be expanding our partnerships with industry, to accelerate progress in developing AI technologies and applications. I encourage the various communities to come together to co-ideate and co-innovate. I would like to invite all researchers and practitioners with bold ideas to reach out to us. Together, let’s collaborate, innovate and build an exciting and better future, he added.”

Professor Mohan Kankanhalli, Deputy Executive Chairman for AISG, said that the current development efforts and outcomes can be translated into better and safer technologies for everyday living.

“The problems that are being addressed have dual-use applications and can be leveraged by both industry and defence ecosystems to benefit Singapore. We are excited to work with our valued collaborators, FSTD and DSO, as they have deep expertise in both grand challenges to advise, guide and empower our research teams to develop novel AI solutions that can effectively address important problems faced by Singapore and the world. We believe that there is potential for these technologies to be scaled globally in the future”.

Robust AI and AI for Materials Discovery Grand Challenges

AISG’s Grand Challenge programme takes an outcome-driven approach to solve important problems faced by Singapore and the world through multidisciplinary collaboration and translation of AI-based solutions from research to deployment.

Researchers from local Institutes of Higher Learning (IHLs) and Research Institutes (RIs), along with their collaborators from the public and/or private sectors, were invited to propose ground-breaking research ideas that adopt AI techniques to address both Grand Challenges’ statements.

Each challenge statement was jointly defined by AISG, DSO and FSTD.

Robust AI Grand Challenge – “How can we design robust CV systems for AVs that can recover at least 80% of their original accuracy after physical testing-time adversarial attacks?”

Computer vision (CV) systems based on AI/ML are vulnerable to adversarial attacks which could compromise their safety and security, thus limiting their performance and adoption in critical environments. In the field of autonomous vehicles (AV), these could result in delays, accidents and potentially, even death.

This Grand Challenge aims to encourage the development of innovative approaches that increase the robustness of these CV systems, to accelerate the adoption of CV systems in critical environments.

AI for Materials Discovery Grand Challenge – “How can AI accelerate inverse material design to discover advanced materials that are 50% lighter while retaining and/or enhancing their functional properties?”

Technological breakthroughs and the development of next-generation systems such as lightweight transportation vehicles and energy-efficient buildings are often underpinned by the discovery and development of new and advanced materials. However, this discovery process can be prohibitively long and expensive. In addition, conventional methods can be limited by a scientist’s personal experience, knowledge and even biases, resulting in only incremental discoveries.

This Grand Challenge aims to advance the state-of-the-art applications of AI in materials discovery, to develop solutions that can help scientists accelerate material discovery process and overcome the constraints of conventional methods. This would in turn enable them to keep pace with the increasing demand for new and advanced materials for next-gen systems.

AISG received 16 (7 Robust AI; 9 AI for Materials Discovery) quality research proposals from multidisciplinary teams in response to both grant calls. The teams comprise lead Principal Investigators (PIs) and Co-PIs from the National University of Singapore (NUS), Nanyang Technological University (NTU), Agency for Science, Technology and Research (A*STAR), Singapore Management University (SMU), Singapore University of Technology and Design (SUTD) and Singapore Institute of Technology (SIT). They also involve industry partners and/or collaborators from overseas universities.

An Evaluation Committee comprising members from various stakeholders in the AI ecosystem selected five projects to be awarded Stage 1 funding:

Robust AI Grand Challenge

• Holistic Moving Target Defence for Autonomous Driving Perception (by Associate Professor Rui Tan, NTU)
  – This project will develop a Moving Target Defence (MTD) approach that creates and deploys AI mechanisms that are diverse and rapidly changing to limit the exposure of vulnerabilities and opportunities for attacks, increase the complexity and cost for attackers.
• Development of Stable Robust and Secure Intelligent Systems for Autonomous Vehicles (by Professor Shuzhi Sam Ge, NUS)
  – ​This project will harness the collective strengths of machine learning, stable control and generative AI to develop a robust and intelligent system that can adjust its neural network’s behaviour and characteristics in real- time to counter adversarial attacks in complex environments.
• Towards Building Unified Autonomous Vehicle Scene Representation for Physical AV Adversarial Attacks and Visual Robustness Enhancement (by Professor Yang Liu, NTU)
  – This project will develop novel multi-view and multi-modal defences based on a unified framework that comprises a novel AV scene representation that will be used to generate realistic scenes with diverse conditions and attack vectors.

The projects are expected to deliver suites of multi-modal attack and defence techniques that can be deployed in the real world to increase the robustness of AI models applied in multi-sensor CV systems.

AI for Materials Discovery Grand Challenge

• MATAI: An AI-Powered Generalist Material Discovery Platform (by Professor Bo An, NTU)
  – This project will develop an AI-powered generalist platform with three key components: a holistic material database, a foundational material property predictor and a generalist multi-property material designer in a large search space.
• Design Beyond What You Know: Material Informed Differential Generative AI (MIDGAI) for Light-Weight High-Entropy Alloys and Multi-functional Composites (by Professor Ivor Tsang, A*STAR)
  – This project will develop a generative AI framework for materials design that combines with discriminative models to enhance robustness and overcome data scarcity. By incorporating domain knowledge, the AI model will enable a more controllable, directed, and efficient exploration of material design spaces through advanced optimisation algorithms.

The projects are expected to deliver AI solutions that can be used by AI and materials researchers to (i) discover novel materials based on performance needs, (ii) efficiently explore beyond the boundaries of conventional methods, (iii) exploit new and existing scientific knowledge and (iv) reduce resource and time cost of material discovery cycles.

In Stage 1, the teams will be awarded up to S$4M each to work on their project for the next three years. Funding support for Stage 2 will be determined as part of the final evaluation near the end of Stage 1. Selected teams could be funded up to S$5M over 2 years where the teams will have the opportunity to work with agencies to adapt and scale up the developed AI techniques for dual-use applications.

Hashtag: #AISingapore

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

About AI Singapore

AI Singapore (AISG) is a national programme launched by the National Research Foundation (NRF) to catalyse, synergise and boost Singapore’s artificial intelligence (AI) capabilities to power our future, digital economy.

AISG will also bring together all Singapore-based research institutions and the vibrant ecosystem of AI start-ups and companies developing AI products, to perform use-inspired research, grow the knowledge, create the tools, and develop the talent to power Singapore’s AI efforts.

AISG is driven by a government-wide partnership comprising NRF, Smart Nation and Digital Government Office (SNDGO), Infocomm Media Development Authority (IMDA), Economic Development Board (EDB), Enterprise Singapore (ESG), amongst others.

SINGAPORE – Media OutReach – 26 July 2023 – Recently, well-known computing power operator Nut Techy launched a new business called “Computing Power Investment,” which is expected to bring a new direction to Web3. Nut Techy, a well-known computing power operator headquartered in Singapore, has achieved significant milestones in the past year, including reaching a market value of billions and acquiring over ten million users.

“Computing Power Investment” is one of Nut Techy’s new businesses, and according to Jack, one of the company’s founders, users can participate in various investment opportunities through investment in computing power to gain profits. This measure is expected to expand the company’s profit model and provide new investment options for customers, ultimately contributing to the company’s growth.

Nut Techy’s impressive achievements over the past year are a result of the company’s continuous efforts in technology innovation and user experience. The “Computing Power Investment” business has become a significant source of revenue for Nut Techy’s customers, and the company is confident that it can maintain its position as a leading player in the market through its commitment to providing high-quality services and creating value for investors.

Nut Techy Expands into “Computing Power Investment” Market to Strengthen Position in Web3 Industry.

Nut Techy is expanding its market share this year and aiming to become one of the world’s leading companies in the global Web3 market. Nut Techy believes that Web3 technology can provide more innovative investment experiences for customers and is committed to investing in technology R&D and market promotion to achieve this goal.

Nut Techy’s development showcases the potential and innovation of Web3, and as a multi-domain digital entertainment ecosystem, the company continues to push Web3 forward by providing interesting, safe, and innovative digital entertainment experiences to users.

Hashtag: #NutTechy

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

About Nut Techy

Headquartered in Singapore, Nut Techy was founded by Jack and Dr. Lai with the aim of establishing a Web3 digital entertainment ecosystem that spans the autonomous organization DAO across GameFi, DeFi, SociaFi, NFT, and Metaverse. Nut Techy is dedicated to innovating technology and improving user experience by providing interesting, secure, and innovative digital entertainment experiences. For more information, please visit www.nutsswap.com.

Video: https://youtu.be/sSD_xTUBAWI

HONG KONG SAR – Media OutReach – 26 July 2023 – AXA Hong Kong and Macau (“AXA”) and AXA XL organised two dragon boat activities with the theme of “Faster Together” on July 8^th and 15^th at Sha Ha Beach in Sai Kung. The event aimed to unleash the potential of hearing or visually impaired students and encourage AXA employees to work together in promoting the agenda of an inclusive society, striving to uphold AXA Group’s purpose of “Act for human progress by protecting what matters”.

AXA and AXA XL invited students from the Lutheran School for the Deaf, the only school in Hong Kong that provides special education for hearing-impaired students, and Ebenezer School and Home for the Visually Impaired (“Ebenezer School”), a school dedicated to providing all-rounded education for visually impaired children and youth, to participate in an exciting and meaningful dragon boat racing activity. David Ng, Deputy CEO of AXA Hong Kong and Macau, and Jamie Chambers, General Manager of AXA XL Hong Kong, along with a group of volunteers from AXA, supported the students with special needs as they went through professional dragon boat training. These students were then formed into teams and engaged in competitive dragon boat races for a weekend filled with exhilaration and joy.

The event drew over 60 participants, including employees from AXA and AXA XL, teachers, students, and parents. Together, they promoted community diversity and inclusion through their active involvement.

David Ng, Deputy CEO of AXA Hong Kong and Macau, said, “At AXA, we are committed to advocating a diverse work environment and an inclusive culture. We are delighted to have students from the Lutheran School for the Deaf and Ebenezer School to join us in this unique dragon boat experience. Through this event, we aim to raise awareness for individuals with special needs among our employees and the public, while promoting the core values of equality and inclusivity. We are taking concrete actions to support the construction of a caring and supportive society.”

Jamie Chambers, CEO of AXA XL Hong Kong, added, “We are extremely honoured to have spent a delightful weekend with the students from the Lutheran School for the Deaf and Ebenezer School. In this dragon boat event, they demonstrated unwavering spirit, steadfast determination, and outstanding teamwork. I believe that all participants were deeply inspired by the students.”

Hashtag: #AXA

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

About AXA Hong Kong and Macau

AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 51 markets and serving 93 million customers worldwide. Our purpose is to act for human progress by protecting what matters.

As one of the most diversified insurers in Hong Kong, we offer integrated solutions across Life, Health and General Insurance. We are the largest General Insurance provider and a major Health and Employee Benefits provider. Our aim is to not only be the insurer to provide comprehensive protection to our customers, but also a holistic partner to the individuals, businesses and community we serve. At the core of our service commitment is continuous product & service innovation and customer experience enrichment, which is achieved through actively listening to our customers’ needs and leveraging and investing in technology and digital transformation.

We embrace our responsibility to be a driving force against climate change and a force for good to create shared value for our community. We are proud to be the first to address the importance of mental health through different products and services and thought leading iconic research. Our overall Sustainability Strategy, with emphasis on climate strategy and biodiversity commitment, is developed based on TCFD recommendations. We are committed to integrating environmental, social and governance factors across our business and strive to contribute to a sustainable future through 3 distinct roles – as an investor, insurer and an exemplary company.

About AXA XL¹
AXA XL¹, the property & casualty and specialty risk division of AXA, provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com.

About AXA XL¹ INSURANCE
AXA XL¹ Insurance offers property, casualty, professional, financial lines and specialty insurance solutions to mid-sized companies through to large multinationals globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com.

¹AXA XL is a division of AXA Group providing products and services through three business groups: AXA XL Insurance, AXA XL Reinsurance and AXA XL Risk Consulting.

THIS PRESS RELEASE IS AVAILABLE ON AXA’S WEBSITE: AXA.COM.HK and AXAXL.COM

Partnership built on a shared commitment to speed, innovation and securing data from the car to the cloud

HONG KONG SAR – Media OutReach – 26 July 2023 – Global cybersecurity leader Trend Micro (TYO: 4704; TSE: 4704) has been named an Official Partner of the NEOM McLaren Formula E Team. The multi-year partnership aligns the brands’ innovative cultures, focus on speed and acceleration and commitment to securing complex and dynamic environments whether that be across an electronic vehicle or a global enterprise.

“I’m excited to welcome Trend Micro to our team. As we travel around the world, cybersecurity is critically important to us. With Trend Micro we will explore ways to collaborate and keep our operations safe. We are two brands with great synergy, and I’m looking forward to our years of partnership.” Said Ian James, Managing Director, NEOM McLaren Electric Racing & Team Principal, NEOM McLaren Formula E Team.

The race circuits are some of the most sophisticated environments in global sports, yet they too are susceptible to business risks exposed by cyberthreats. Visibility of data across the ecosystem and the ability to rapidly understand and use it is critical in any setting, and especially in those with time-sensitive and rigorous operations like racing.

“Innovation, speed and sustainability are at the core of this Formula E team and Trend Micro,” said Dhanya Thakkar, SVP global marketing and sales at Trend. “The NEOM McLaren Formula E Team is a perfect match for many reasons including the races being held in the world’s most iconic cities and passionate global fan base. Our organizations have common philosophies and together we plan to accelerate innovation in the industry, accelerate the resilience against cyberthreats and accelerate you.”

The partnership with the NEOM McLaren Formula E Team opens the door for further collaboration in the future. Trend has innovation initiatives specifically for the security of electronic vehicles as well as vulnerability detection in vehicles of the future. These underscore Trend’s dedication to securing the future of automotive technology not just for customers and racing but for all of society. The partnership with NEOM McLaren is the latest example of the company’s commitment to keeping the next generation of vehicles safe for individuals, businesses and communities.

Trend’s flagship offering is an enterprise cybersecurity platform, Trend Vision One. The company proudly protects more than 500,000+ organizations, leveraging threat intelligence from over 250 million sensors across clouds, networks, devices, and endpoints driven by next generation XDR and generative AI.

The multi-year partnership will begin at the 2023 London E-Prix and continue for multiple years. Trend Micro’s logo appears on the rear wing and halo of both NEOM McLaren Formula E cars.

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About the NEOM McLaren Formula E Team

The NEOM McLaren Formula E Team entered the ABB FIA Formula E World Championship for the 2022/23 season with René Rast and Jake Hughes. Built on the foundations of a two-time double World Championship winning team, it competes as part of McLaren Racing for the first time, bringing one of the most iconic names in motorsport to the Formula E grid. Formula E is an electric single-seater World Championship with innovation and sustainability at its core. The series races in some of the world’s most iconic cities with an aim to educate, excite and inspire about the electrification of mobility. Formula E is part of the McLaren Racing portfolio, alongside Formula 1, IndyCar, Extreme E, and esports. Read more: www.mclaren.com/racing/formula-e/

About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,500+ employees across 70 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk