Financial Secretary and Secretary for Health wishing the meeting success

HONG KONG SAR – Media OutReach – 1 September 2023 – A decade later, the Asia Pacific Heart Rhythm Society (APHRS) and the Hong Kong College of Cardiology (HKCC) co-organize the largest scientific conference of heart rhythm in the Asia-Pacific region in Hong Kong again. The “16th APHRS Scientific Session in conjunction with CardioRhythm 2023 (APHRS 2023)” gather the global cardiologists to exchange latest knowledge and ideas, aiming to drive the world development of managing heart rhythm disorders. Regardless of the bad weather, the opening ceremony held today, with the honor to receive congratulatory video recordings from the HKSAR Financial Secretary and Secretary for Health. Cardiologists from the Asia Pacific and Hong Kong also addressed on the stage.

More than 2,300 cardiac experts “Embracing the Breakthroughs” together

The APHRS is the first and only society organized in the Asia-Pacific region to promote excellence and advancement in diagnosis and treatment of patients with heart rhythm disease. The annual scientific session is the highlight of its activities. In 2023, it is the second time for the APHRS and the HKCC to co-organize the joint meeting of the APHRS and the CardioRhythm in Hong Kong, and the last joint meeting is exactly 10 years ago.

With the theme “Embracing the Breakthroughs”, more than 2,300 participants from 48 countries or regions will explore and deliberate on the advancement and innovation in the science and management of heart rhythm disorders in the meeting. The latest development in cardiac pacing, implantable cardioverter defibrillators, atrial fibrillation and ventricular tachyarrhythmia will be presented. Innovation in mapping and ablation of cardiac arrhythmia will be shown both as lectures and case demonstrations.

Financial Secretary and Secretary of Health wishing the meeting success

The opening ceremony was held at the first day of the meeting, and honorably receiving congratulatory videos from Mr. Paul Chan, Financial Secretary of the HKSAR, and Professor Chung-Mau Lo, Secretary for Health. They wished that the meeting would be held smoothly and successfully under the unstable weather. Cardiologists also addressed at the ceremony, including Professor Wataru Shimizu, President of Asia Pacific Heart Rhythm Society, Dr Godwin T.C. Leung, President elect of Hong Kong College of Cardiology, and Dr. Ngai-yin Chan, Co-Chair of the APHRS 2023 Organizing Committee.

The meeting manifesting HK’s unique advantages

Hong Kong’s unique advantages were acknowledged that it has always had a high standard of medical care and an efficient healthcare system, with many world-leading medical indicators. The budget increasement on medical care shows that the government is valuing the importance of the sector.

It was also emphasized that the meeting not only proves Hong Kong’s international status in exhibitions and medical care, but also demonstrates its irreplaceable unique advantages under “One Country, Two Systems”. With the solid support of the country, Hong Kong can fully play the role of a “super-connector” between the mainland China and the international community in different fields.

Hashtag: #APHRS #AsiaPacificHeartRhythmSociety #HKCC #HongKongCollegeofCardiology

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

Asia Pacific Heart Rhythm Society (APHRS)

The Asia Pacific Heart Rhythm Society (APHRS) has grown very rapidly and efficiently after its founding in 2008. The success of the organization and rapid growth was due to the enthusiastic support by pioneer electrophysiologists and efforts by many physicians to cure heart rhythm disorders. With the experience of preceding arrhythmia symposia of inter‐cities or international basis in the region, the organization could quickly grow to become APHRS. The mission of APHRS is to promote basic research and improve clinical practice, optimize care of patients with heart rhythm disorders, and to train and encourage young physicians to actively participate and promote the activity of our society.

Hong Kong College of Cardiology (HKCC)

The Hong Kong College of Cardiology (HKCC) is a charitable organization founded in 1992. It aims at upkeeping the highest standard of cardiovascular practice and working towards the improvement of heart health amongst people of Hong Kong. There are now 310 fellows and 117 members.

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BEIJING, CHINA – Media OutReach – 1 September 2023 – Cotti Coffee, started by Luckin Coffee founders Charles Lu and Jenny Qian, is the global sponsor for the Argentina National Football Teams. Since the inauguration of its flagship store in October 2022, Cotti Coffee now graces over 300 cities in 5 countries with more than 5,000 outlets, making it the fifth largest coffee brand worldwide.

In August 2023, Cotti Coffee announced its global expansion strategy, marking its formal entry into the international arena. Concurrently, it launched a global partnership recruitment initiative and has already established multiple outlets in South Korea, Indonesia, Japan, and Canada.

Since its establishment, Cotti Coffee has been driven by its mission of “enabling customers to enjoy a comfortable coffee lifestyle” and its mantra of “Drink Cotti, Feel Younger”. The company is committed to providing customers with high-quality, cost-effective, and convenient coffee products, complemented by Western-style light meals and desserts. With its youthful and chic brand experience, Cotti Coffee has won widespread adoration from its customers.

The brand’s remarkable store performance and validated business model underscore its rapid ascendancy in the industry. Cotti Coffee’s success can be attributed to a combination of strengths, including innovative business strategies, robust supply chain capabilities, an intelligent digital platform, and an unparalleled product and service experience.

Unlike traditional franchising or direct management models, Cotti Coffee has adopted an innovative partnership approach. Initially, the company forgoes any franchise-related fees, opting instead for a profit-sharing arrangement, aiming to share risks with its partners and maximize each party’s strengths. Additionally, Cotti Coffee has instituted a lifetime partnership system, ensuring the longevity of the business locations and sustainability of the business collaboration. If a partner chooses to exit, the company offers a depreciation buy-back option for the equipment, which significantly reduces the barriers for potential partners to enter and sustain their business. This model exemplifies a sustainable, century-long business model that is built to last.

For the international market, Cotti Coffee has introduced both single-store partnerships and regional partnership models, offering more flexible collaboration methods catered to the diverse needs of its partners. Under this arrangement, the company provides support in branding, supply chain, operations, and digital platforms. Partners can select the manner and scale of their collaboration, ensuring both modularity and adaptability. Regional partners benefit further from model store incentives, regional exclusivity, and revenue sharing from both store operations and expansion, thus empowering small enterprises and individual entrepreneurs.

Cotti Coffee boasts an integrated coffee bean roasting facility that combines research, production, and quality control, accompanied by a production facility for related materials. With an annual output of 45,000 tons, it stands as China’s largest individual coffee roasting factory. To further solidify its supply chain prowess, Cotti Coffee is in the preparatory stages of establishing coffee bean and raw material supply chain bases in South America, Ethiopia, Vietnam, and other regions. By amassing global top-tier resources, the company is building a robust foundation of global supply chain infrastructure and capability to support its international expansion.

Leveraging a fully digitalized platform, Cotti Coffee taps into its innate internet advantages. Customers can place orders online via the app and pick up in-store, eliminating the inconvenience of in-store queues and long wait times, and vastly improving in-store efficiency and service consistency. Moreover, through insights drawn from big data analysis, Cotti Coffee can offer personalized recommendations for its customers, offering a plethora of benefits.

Furthermore, Cotti Coffee consistently offers an innovative product and brand experience. Committed to offering coffee with great value for money, the company meticulously selects only IIAC Platinum and Gold Award-winning 100% Arabica coffee beans, ensuring premium quality in every cup. Beyond its dedication to timeless coffee classics, Cotti Coffee also boasts a variety of innovative drinks, including fan favourites such as Coco Cotti, Cheese Latte, and its Sparkling Cold Brew series. The offerings are revamped weekly, ensuring they meet the ever-evolving preferences of diverse consumers. Alongside its extensive beverage range, Cotti Coffee also features muffins, hotdogs, and other light meals as a parallel growth strategy to its coffee and beverage lineup. By presenting an ever-changing combination of food and drinks, Cotti Coffee fulfils the diverse situational needs of consumers, crafting products that are both a daily necessity and frequently desired.

With a keen understanding of coffee consumption trends, Cotti Coffee is committed to continuous innovation, broadening its product range, and adopting a “survival of the fittest” approach. Its goal is to consistently deliver high-quality, cost-effective, and convenient products to coffee enthusiasts. Concurrently, Cotti Coffee strives to fortify its strengths in branding, digitalization, and supply chain management, propelling small and micro enterprises and individual entrepreneurs towards effortlessly realizing their coffee business aspirations.

Hashtag: #CottiCoffee

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A recognition for commitment to governance

HONG KONG SAR – Media OutReach – 1 September 2023 – KPMG China is pleased to announce its privacy protection achievement through the Outstanding Gold Award presented to the Firm by the Office of the Privacy Commissioner for Personal Data (“PCPD”) at this year’s Privacy-Friendly Award ceremony. This award recognizes KPMG China’s tremendous efforts in maintaining a high standard on the protection of personal data privacy. The award also demonstrates KPMG China’s strong commitment in matching up with client and employee expectations in privacy protection, which effort is worthy of public trust.

Under the theme of “Embrace Privacy Management Programme to Gain Trust and Benefits”, the 2023 Privacy-Friendly Awards aims to recognize the commitment of enterprises, public and private organizations as well as government departments in “Privacy Protection Measures”. “Privacy-Friendly” Certificate is presented to the organizations to recognize their efforts in promoting the protection of personal data privacy and championing the importance of setting up a Privacy Management Programme (“PMP”).

Ivy Cheung, Managing Partner, Hong Kong, KPMG China says: “At KPMG China, we are committed to safeguarding the personal data of our clients, employees and other related individuals. The implementation of the PMP at KPMG China demonstrates our strong commitment to risk management and governance under ESG. The Award injects new impetus for the Firm to continuously foster our efforts in data privacy and information security protection, and to further enhance the public’s trust and confidence in KPMG China, strengthening our competitiveness so as to set us apart.”

Benjamin Tang, National IT Security Officer, KPMG China says: “Governance is an integral part of ESG. To garner customers’ trust, we have done more than what the law requires in terms of ensuring information security and privacy protection. We have integrated the PMP into our quality and risk management exercise with a series of privacy and security controls being implemented into our business and operation processes, which fully exemplify our efforts and competitive edge in terms of governance.”

Tan Poh Hua, National Privacy Liaison Officer, KPMG China says: “KPMG China performs privacy risk assessments on client projects involving in the collection and processing of personal data . Since the implementation of the PMP within the Firm, privacy protection awareness among employees has been heightened to such an unprecedented level. Our employees have now begun to embrace the true value of conducting privacy risk assessments. It is very encouraging to see this positive development happening in KPMG China as a result of implementing the PMP.”

Inaugurated by the PCPD in 2021, the Privacy-Friendly Awards recognizes the efforts made by organizations in protecting personal data privacy, and enable enterprises, public and private organizations, as well as government departments to showcase their achievements in privacy protection.

Hashtag: #KPMGChina

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

About KPMG China

KPMG China has offices located in 31 cities with over 15,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.

KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.

KPMG firms operate in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.

KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.

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• Acquisition expands Captiva’s health and wellness platform

Coquitlam, British Columbia–(Newsfile Corp. – August 31, 2023) – Captiva Verde Wellness Corp. (CSE: PWR) (OTC Pink: CPVIF) (the “Company” or “Captiva“) is pleased to announce that, further to its announcement on August 2, 2023 of its intention to close, the Company closed (i) its acquisition (the “Acquisition“) of all of the issued and outstanding securities of Sonny Sports Enterprises, Inc. (the “Club“) and (ii) its previously announced non-brokered private (the “Private Placement” together with the Acquisition, the “Transactions“) of units of the Company (the “Units“) on August 31, 2023 (the “Closing Date“).

The Acquisition

The Company entered into a definitive share purchase agreement with the Club’s parent company and associated shareholders reflecting the terms of the binding letter agreement previously disclosed on August 2, 2023. As previously disclosed the Club is known as the Miami Padel Club of the Pro Padel League.

On the Closing Date, as consideration for the Acquisition, the Company issued and paid to the shareholders of the Club (the “Selling Shareholders“) an aggregate of: (i) 60,000,000 common shares in the capital of the Company (the “Consideration Shares“), each at deemed issue price of $0.032; and (ii) US$1,500,000 cash.

The Consideration Shares were issued pursuant to Section 2.16 of National Instrument 45-106 — Prospectus Exemptions (“NI 45-106“) and are accordingly not subject to any resale restrictions under applicable Canadian securities laws. Following completion of the Transactions, the former shareholders of the Club will hold approximately 17% of the Company common shares on a non-dilutive basis. Accordingly, the Acquisition is not expected to constitute a “Fundamental Change” or “Change of Business” under the policies of the Canadian Securities Exchange (the “CSE“).

A CSE Form 9 — Notice of Proposed Issuance of Securities (a “Form 9“) with respect to the Acquisition was posted on August 25, 2023 and a final Form 9 was posted on the Closing Date.

Detailed information about the Pro Padel League can be found at: https://propadelleague.com.

In connection with the closing of the Acquisition:

• Ronnie Strasser, a nominee of the Selling Shareholders, was appointed as a director of the Company effective as of the Closing Date; and
• the Company shall also adopt a restricted stock unit plan (the “RSU Plan“) with up to 10,000,000 restricted stock units (“RSUs“) under the RSU Plan to be granted to eligible participants pursuant to the policies of the CSE. The 10,000,000 RSUs will be administered by Strasser as a director of the Company.

The Private Placement

On the Closing Date, the Company issued to the subscribers under the Private Placement (the “Subscribers“) an aggregate of up to 90,000,000 Units, at $0.032 per Unit, with each Unit consisting of one common share in the capital of the Company (a “Unit Share“); and one common share purchase warrant (a “Warrant“). Each Warrant entitles the holder thereof to purchase one additional common share in the capital of the Company (a “Warrant Share“) at a price of $0.05 per Warrant Share for a period of 60 months from the Closing Date.

All securities issued in connection with the Private Placement are subject to a statutory hold period ending on the date which is four months and one day following the issue date in accordance with applicable securities legislation. Proceeds from the Private Placement will be used for general working capital purposes and as a reserve for possible future acquisitions, including the Acquisition.

A Form 9 with respect to the Private Placement was posted on August 25, 2023 and a final Form 9 was posted on the Closing Date.

No finder’s fees are payable in connection with the Transactions. The Acquisition of the Club is an arm’s length transaction.

MI 61-101 Disclosure

The Chief Executive Officer, Jeff Ciachurski, and the Chief Financial Officer, Anthony Balic, subscribed for an aggregate 15,000,000 Units of the Company under the Private Placement, representing approximately 10% of the total Common Shares to be issued upon closing of the Transactions. The participation by such insiders in the Private Placement is considered a “related-party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101). The Company did not file a material change report more than 21 days before the expected closing of the Offering as the participation of the insiders was not settled until shortly before closing.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

On Behalf of the Board of Directors

Jeffrey Ciachurski
Chief Executive Officer and Director
Cell: (949) 903-5906
Email: [email protected]

Cautionary Note Regarding Forward-Looking Information

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities laws and United States securities laws (together, “forward-looking statements”). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expansion of the Company’s health and wellness platform, closing of the Transactions, the appointment of a director of the Company, the payment of cash by the Company, the issuance of securities of the Company and the use of proceeds from the Private Placement. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget”, “propose” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include those described under the heading “Risks and Uncertainties” in the Company’s most recently filed MD&A (a copy of which is available under the Company’s SEDAR profile at www.sedar.com). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

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

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• WatchFund is the world’s largest luxury watch investment vehicle, which has outperformed other alternative asset classes at the awards
• This marks its third WealthBriefingAsia award win since 2020, strengthening WatchFund’s position as a trusted steward of alternative investments for investors

SINGAPORE – Media OutReach – 1 September 2023 – Leading alternative investment vehicle WatchFund has been named as Best Alternative Investment Manager for Greater China at this year’s WealthBriefingAsia Awards. Earlier, WatchFund was also named the Top Collectibles Advice Provider for Greater China in 2021 and the Best Alternative Investment Manager for Southeast Asia in 2020.

Dominic Khoo, founder of WatchFund and Southeast Asia’s only certified watch expert said, “It is an honour to receive the recognition given to WatchFund, which celebrates the track record of full investor alignment that our truly unique proposition offers – by giving investors up to double collateral as their investment grows. We will continue our commitment to be a trusted steward for our investors as a fund manager with unparalleled expertise for this asset class, which has shown to outperform other alternative investments.”

Andrew Deane, Group Head of Business Development for WealthBriefingAsia added, “WealthBriefingAsia were delighted WatchFund were once again winners in our WealthBriefingAsia Awards in 2023. The award was a testament to the firms detailed submission and long history in this unique sector of wealth.”

“WatchFund has consistently delivered strong returns for investors like me, even in an uncertain investment climate. It really speaks to the capabilities of Dominic and his team to understand investment-grade watches that I hold as collateral, when my goal is ultimately investment gains that beat the market,” said Jay Tan, an investor of WatchFund.

Amidst the volatile macroeconomic environment, investors continue to see value and remain invested in alternative funds for diversification, risk mitigation and maximisation of returns, with a higher proportion of investors signalling their desire to increase their allocations in alternative assets in the next three years. Globally, luxury watches are emerging as a strong alternative asset class due to stronger demand and their ability to deliver better price performance over the past five to 10 years.

In particular, Southeast Asia’s alternative asset management sector looks set to continue maturing and drawing more international capital as the investor and fund manager landscape becomes increasingly sophisticated. At the heart of the region’s growth is Singapore, which has seen its AUM in alternative investments grow by 16.4% in 2021, reaching USD 4 trillion, faster than the global AUM growth of 12%.

The growing potential of the alternative investments market and the strong demand for luxury watches, together with WatchFund’s expertise in the luxury watch investment space, cemented its win at the 2023 WealthBriefingAsia awards. WatchFund’s fully-aligned investor model, the only model in the world that survives solely on transaction fees with no annual fees, no fees upon entry and no markup on luxury watches, and its 10-year strong investment track record also played a crucial role in standing out against renowned institutional asset managers.

Domiciled in Singapore, a trusted financial hub in the region, WatchFund is poised to continue riding on the positive wave driven by investors in Asia looking to invest in alternative asset classes, the growth of the alternative investment industry and the strong ecosystem in Singapore supported by the Monetary Authority of Singapore.

Hashtag: #WatchFund #DominicKhoo #WealthBriefingAsia #BestAlternativeInvestmentManager

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Gold will rise to $2,500, and Bitcoin will rise to $45,000 by the end of 2023. OctaFX analysts explore the reasons behind the end of the crypto winter and the increase in demand for gold.

KUALA LUMPUR, MALAYSIA – Media OutReach – 1 September 2023 – Capital markets come alive in late August and early September, and volatility returns. New trends often emerge, and opportunities to capitalise on them open up. Amidst the constantly changing financial landscape, investors must watch popular instruments like BTC and gold. OctaFX analysts explore the reasons behind the end of the crypto winter and the increase in demand for gold.

Bitcoin is dominating the crypto market while recovering its value

From November 2021 to December 2022, the price of Bitcoin fell more than four times. This period was called crypto winter. However, since the beginning of 2023, Bitcoin price has almost doubled—from $16,500 to $29,200, suggesting that the deep correction phase is over. The difference is also apparent if we compare the dynamics of Bitcoin and other cryptocurrencies. According to CoinGecko Crypto Industry Report, Bitcoin added 6.9% in the second quarter of 2023, while the entire crypto market grew by only 0.14%. Interest in NFT projects and stablecoins decreased, suggesting that Bitcoin’s crypto winter is likely over.

A constant tailwind for Bitcoin

For Bitcoin, being an alternative to fiat money fueled its growth in the early days of the crypto industry. But it wasn’t the only way to contribute to Bitcoin’s rise—investors also started using it as a store of value. For the past few years, those looking for safe-haven assets have put Bitcoin on par with gold and, at the same time, as a counterweight to the US dollar and US treasuries.

OctaFX analyst Kar Yong Ang says that Bitcoin growth is possible if the US Fed starts giving dovish signals: in case of a key rate cut, BTC is likely to grow quite strongly and could reach the $45,000 range by the end of 2023 and up to $30,000 if the rate stays unchanged. His inclination is more towards the second option, as according to the CME Fed watch tool, the rate hike probability at the FOMC meetings in September 2023 is only 16%.

The Turkish crisis forced gold prices down in the second quarter

Since reaching an all-time high of $2075 in August 2020, gold tried to break this level twice: on 8 March 2022 and 4 May 2023. But each time, the price stopped and started to decline. The latest decline in gold prices from May 2023 to the current moment has a fundamental reason. According to the published report of the World Gold Council, net purchases by central banks fell by 64% in the second quarter to 103 tons. This slowdown is mainly due to gold sales by the Central Bank of the Republic of Turkey (CBRT), whose net sales totalled 132 tons in the second quarter of 2023.

According to Kar Yong Ang from OctaFX, the CBTR’s actions have made gold prices decline since May 2023. The sales of the Turkish Central Bank were aimed at supporting the economy in an emergency and were more tactical than strategic. Therefore, the upward trend in gold demand in 2023 remains in place.

An additional factor is the anticipated peak of the Fed rate hike cycle and the falling value of the U.S. dollar. Lower rates increase the attractiveness of gold amid falling bond yields. The falling dollar rate makes gold cheaper for holders of other currencies.

Following the comments of Kar Yong Ang, in 2023, gold may rise to a record $2,500 due to falling interest rates amid a non-growing global economy and a weak dollar. Thus, the estimated increase in gold prices can be more than 30%.

Investors should monitor Fed decisions to understand how much gold and Bitcoin will rise. The Fed raises the rate in a pessimistic scenario, making the dollar strong and Bitcoin and gold investments unattractive. In the positive case, the Fed starts to lower the key rate, encouraging investment interest in Bitcoin and gold as the best store of value. In such a case, gold will rise to $2,500 and Bitcoin to $45,000 by the end of 2023. The most likely scenario is neutral—in which the Fed pauses key interest rate changes until the end of 2023, increasing the likelihood of gold’s rise above $2,000 and Bitcoin above $30,000. The starting point of the uptrend will be the FOMC decision of the U.S. Fed, which will be announced on 20 September 2023.

Hashtag: #OctaFX

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About OctaFX

OctaFX is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

OctaFX has also won more than 60 awards since its foundation, including the ‘Best Online Broker Global 2022’ award from World Business Outlook and the ‘Best Global Broker Asia 2022’ award from International Business Magazine.

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Highlights of the Interim Results for the Six Months Ended June 30, 2023:

• The rapid development of AI has accelerated demand for chips. The Group’s AI orders also showed an upward trend, with a total revenue of RMB3,863.5 million during the Period.
• In the first half of 2023, gross profit recorded approximately RMB482.4 million, net profit was approximately RMB168.1 million, and profit attributable to equity shareholders of the Company was approximately RMB92.5 million.
• During the Period, Shenzhen Comtech submitted relevant information to the Shenzhen Stock Exchange, which will help further enhance its brand influence and popularity in the industry, as it continues to cultivate the chip market, and provides in-depth services to customers in the industry chain upstream and downstream.
• Ingdan focuses on the new energy smart battery cloud business with emphasis on two-wheeler battery cloud services, in order to seize the RMB 100 billion ”blue ocean” market opportunity, which would enable the Group to sustain profitability.

HONG KONG SAR – Media OutReach – 31 August 2023 – Ingdan, Inc. (“Ingdan, Inc.” or the “Company”, stock code: 400.HK; with its subsidiaries (the ”Group”)), formerly known as “Cogobuy Group”, a technology service company focusing on serving global chip industry and artificial intelligence (“AI”) and Internet of Things (“IoT”, together “AIoT”) ecosystem, with its core businesses “Comtech” and “Ingdan”, is pleased to announce its unaudited interim results for the six months ended June 30, 2023 (the “first half of 2023” or the “Period”).

Financial Highlights of the First Half of 2023

As of June 30, 2023, the Group recorded a total revenue of approximately RMB3,863.5 million, a YoY decrease of 17.8%; net profit was approximately RMB168.1 million, a YoY decrease of 20.7%; gross profit was approximately RMB482.4 million, a YoY increase of 13.7%. In the first half of 2023, the rapid development of AI technologies has driven the digitalization of various industries, resulting in an increase in demand for chips. Accordingly, the Group’s AI demands have increased. However, as affected by suppliers’ production capacity, there was a supply shortage of AI chips and the delivery of orders has been deferred to the second half of the year. Coupled with the slowdown in the growth of demand for chips in the consumer electronics category, the overall sales dropped. On the other hand, with profits increasing at a compound annual growth rate (CAGR) of approximately 46.1% from 2019 to 2022, the Group’s results for the corresponding period of the prior year grew at a record high. Therefore, as the market demand returns to normal industry level from last year’s chips shortage, the Company’s profit has declined as compared with the same period last year. During the Period, the Group’s profit attributable to equity shareholders of the Company was RMB92.5million. The Group’s cash and bank balances (including short-term bank deposits and pledged deposits) was RMB1,048.7 million. The Group’s bank loans were RMB1,818.8 million, book value of inventories was RMB5,055.2 million, and inventories net of rebates were RMB1,020.8 million. The basic common shares outstanding were 1,394,262,732, and the weighted average number of ordinary shares for the purpose of diluted earnings per share were 1,371,063,000.

Comtech Captured the Demand of AI Chips

In the first half of 2023, the popularity of Generative AI such as ChatGPT has once again driven the AI boom. The thriving AI market trend in China has driven the growth in demand for AI orders from Comtech. However, due to the impact of supply shortage, the inventory of AI chips was insufficient to fulfill the large number of orders, resulted in the delay of deliveries to the second half of the year and the sales volume was affected accordingly. According to forecasts by World Semiconductor Trade Statistics Association, global annual semiconductor sales will decline by 10.3% in 2023 but are expected to grow by 11.8% in 2024 by virtue of a strong recovery.^[1] As a technology service platform for the chip industry, Comtech focuses on the application, design, and distribution of IC chips. It covers over 50% of global major high-end chip suppliers and many leading domestic chip makers upstream, as well as tens of thousands of enterprises in five major fields downstream, including smart vehicles, digital infrastructure, industrial interconnection, energy control and big consumption. With the gradual recovery of the domestic economy, the continuous development of the technology industry, and favorable national policies, the outlook for China’s semiconductor industry is optimistic, as it meets increasing demand for chips and brings more growth momentum to the chip business.

Comtech continued to actively push for the development of chips applications during the Period, and has achieved technological breakthroughs in cutting-edge technological features in the industries of AIGC, logistics robots and electronic rearview mirrors for smart vehicles, empowering a number of China’s innovative enterprises in, so as to prepare to capitalize on future market recovery.

• Comtech has laid out plans in the field of AIGC, vigorously expanded the chips application scenarios and opportunities, and successfully deployed NVIDIA products in a prominent Data Centre in Baoding city, with hosting capacity of 360,000 AI servers, to support the goal of building a demonstration city in the era of artificial intelligence.
• Comtech actively explored the application fields of mobile robot chips, supported the chip application and design resolution of innovative industries, successfully deployed STMicroelectronics products to warehousing robots, and provided technical training to help the logistics industry break through industry barriers.
• The smart vehicle market also saw the opening of new opportunities with the electronic rearview mirror industry. Comtech and AMD-XLINX jointly launched the “Smart Vehicle Vision Development Package” to realize various advantages such as self-adaption, low latency, scalability, and customization—to meet the future expansion needs of smart vehicles for cross-domain integration capabilities.

Shenzhen Comtech Continued its Preparation for an A-Share Listing Application

The application for A-Share listing on the ChiNext Board submitted by Comtech’s operating entity, Shenzhen Comtech Limited (“Shenzhen Comtech”) has been confirmed by the Shenzhen Stock Exchange on 30 June 2022. Shenzhen Comtech is preparing for the proposed A-Share listing and has submitted its audited consolidated financial statements for the three years ended December 31, 2020, 2021 and 2022 during the first half of 2023. The proposed A-share listing, if completed, is expected to help further expand the Group’s development in the chip market in Mainland China, and the Company will remain the ultimate controlling shareholder of Shenzhen Comtech and its financial results will still be consolidated into the Company to facilitate the sustainable growth of the Group’s results.

Focusing on New Energy Smart Battery Cloud Business with Emphasis on Two-Wheeled Battery Cloud Services

Ingdan focuses on the new energy industry and is committed to developing the industry for two-wheeler battery replacement and re-utilization. By building a reliable and asset management platform for traceable lithium battery life-cycle data, it provides customized solutions for two-wheeler battery replacement, power re-utilization and energy storage, etc. Ingdan’s proprietary smart battery management platform can monitor real-time battery status, effectively improve battery usage efficiency and cycle, realizing the smart management of the whole battery life cycle, from production calibration, safe operation, asset management, efficiency management, to recycling tracking, etc.

According to the analysis of iResearch Consulting, the number of two-wheeled electric vehicles in China was estimated to be approximately 350 million in 2022. In order to resolve the problems of ”slow recharge, difficult recharge, unsafe recharge, short battery life and high cost”, the business model of ”replace instead of recharge” has been adopted by the industry with an accelerated development pace. According to EVTank’s forecast, the scale of the two-wheel electric vehicle battery replacement service market will exceed RMB 130 billion by 2025.^[2]In line with China’s ”double carbon” national goal of reaching carbon peak in 2030 and realizing carbon neutrality in 2060, the upgrade of the energy industry structure is expected to bring about rapid changes in the industry layout. Ingdan strategically focuses on the two-wheeler battery cloud services, aiming at the new market trend of battery cloud in order to seize the RMB 100 billion ”blue ocean” market opportunity, which would enable the Group to sustain profitability while contributing to the advocacy of the product standardization of China’s two-wheeler battery replacement industry, and support the realization of the national ”double carbon” goal.

Outlook

Mr. Jeffrey Kang, CEO of Ingdan, Inc., said, “China’s AI industry has a strong momentum to empower digital transformation in different industries. As the core of artificial intelligence technology, AI chips enable the rapid development and application of the chip industry, driving the Group’s AI chips sales and creating new development opportunities for our chip business. Additionally, with favorable national policies and new economic development opportunities, the chip industry will continue to develop rapidly, and achieve a significant increase in demand as well as technological breakthroughs. The Group’s Comtech will actively leverage its advantages in the industry and technology to capture the opportunities arising from AI-driven chips market to strategize the development of its chip business. In the second half of the year, with the delivery of AI orders, our sales revenue is expected to grow, while Comtech’s earnings for the second half of the year are expected to improve and remain at the similar level as the corresponding period of the previous year.

Looking ahead, the development of AI has risen to the level of national strategy, and will move forward rapidly in China. The Group has actively optimized and improved its business around the AI industry, and is continuously expanding new development opportunities for Comtech and Ingdan, cultivating the chip business, and striving to create a ‘Chips-Devices-Cloud’ ecosystem, to meet the needs of the expanding AI industry. At the same time, the Group is also moving quickly to develop its new energy smart battery cloud business, focusing on the development potential of the two-wheeler battery cloud service field, and mastering the massive big data with the help of “Ingdan Cloud” to seize the RMB 100 billion “blue ocean” market and create a foundation for the Group’s sustainable profitability. In the near term, the Group will continue to make progress on A-Share listing, accelerating the expansion initiatives in the trillion-RMB chip market in China, and add new growth momentum to our core business—with the goal of supporting the Group’s sustainable development and creating long-term returns for shareholders.”

Caution Statement

The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made by the Company or any of its affiliates, advisers or representatives as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions presented or contained herein. The information contained in this document should be considered in the context of the circumstances prevailing at the time, is subject to change without notice and the Company makes no undertaking to update the information in this document to reflect any developments that occur after the date of the presentation. It is not the Company’s intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company, or its financial or trading position or prospects. Neither of the Company nor any of its affiliates, advisers or representatives accept any responsibility or have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.

This document may contain statements that reflect the Company’s current intent, beliefs, and expectations about the future as of the respective dates indicated herein. These forward-looking statements are not guarantees of future performance and are based on a number of assumptions about the Company’s operations and factors beyond the Company’s control and are subject to significant risks and uncertainties, and accordingly, actual results may differ materially from those described in these forward-looking statements. Neither the Company nor any of its affiliates, advisers or representatives has any obligation, nor do they undertake, to update these forward-looking statements for any events or developments including the occurrence of unanticipated events that occur subsequent to such dates.

Hashtag: #Ingdan #Comtech

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

About Ingdan, Inc.

the AIoT industrial chain, and provides customers with technical integration solutions, marketing solutions, and distribution services. For further information, please refer to the Company’s website at www.ingdangroup.com

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Evolved to Exceed, OxygenOS 14 will bring users an elevated fast and smooth experience powered by innovative algorithms

SHENZHEN, CHINA – Media OutReach – 31 August 2023 – Global technology brand OnePlus announced today that its latest operating system, OxygenOS 14, will launch globally on September 25, 2023. OxygenOS 14 will be one of the first operating systems released based on Android 14 and will introduce a range of exciting features designed to deliver enhanced user experiences.

“OnePlus has been committed to delivering a fast, smooth and steady OxygenOS to our users”, said Kinder Liu, President and COO of OnePlus, “Powered by OnePlus’ latest innovations, OxygenOS 14 will be the most intelligent and intuitive software product in OnePlus’ history.”

The secret behind the fast and smooth experience

Since day one, OnePlus has been dedicated to providing its users with fast and smooth experiences. Now, with OxygenOS 14, this experience has evolved to become “be instinctive and free to control”.

To bring this experience to life, OnePlus is introducing its brand-new proprietary performance platform, the Trinity Engine, to OxygenOS 14. By achieving greater synergy between hardware and software, the Trinity Engine unleashes the full potential of OnePlus handsets to address industry-wide challenges in pursing higher power consumption efficiency, better multi-tasking capability, and more enduring fast and smooth experience. Under the hood of the engine are six innovative technologies, including CPU Vitalization, RAM Vitalization, ROM Vitalization, HyperBoost, HyperTouch, and HyperRendering. When combined, these technologies guarantee a versatile fast and smooth experience in scenarios such as multi-tasking, intensive mobile gaming, and long-term usage.

With the release of OxygenOS 14, OnePlus continues to move forward and reach upwards by pushing boundaries, embracing change, and delivering exceptional software experiences that resonate with its community.

Hashtag: #OnePlus

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

About OnePlus

OnePlus is a global mobile technology brand that challenges conventional concepts of technology. Founded on the “Never Settle” mantra, OnePlus creates exquisitely designed devices with premium build quality and high-performance hardware. OnePlus thrives on cultivating strong bonds and growing alongside its community of users and fans.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.