culture – PressAP

ACN Newswire

MDRT Launches MDRT Global Services To Provide Innovative Growth Opportunities to Financial Services Leaders

December 21, 2022

HONG KONG, Dec 21, 2022 - (ACN Newswire via SEAPRWire.com) - Building on its culture of excellence and providing financial professionals with opportunities for personal and career growth, MDRT (Million Dollar Round Table) is expanding its family of brands with the introduction of MDRT Global Services. On November 1, 2022, MDRT Global Services opened for membership to financial services leaders around the world. This new association strives to inspire field and home office leaders by creating ways for them to foster deeper engagement with the MDRT community, to gain skills to develop an MDRT culture within their teams and to enhance their professional and personal growth. 2023 MDRT President Peggy Tsai, RFP, CCFPThe MDRT Family of Brands provides opportunities for financial services professionals at every stage of their career to achieve increasing levels of success. Through MDRT, MDRT Academy and MDRT Global Services, the MDRT Family of Brands helps the best and brightest elevate their success, build a community of excellence, and live rich and meaningful lives."For nearly 100 years, financial advisors have been able to grow and learn from each other through membership in MDRT," said 2023 MDRT President Peggy Tsai, RFP, CCFP. "Now leaders in financial services have new tools to sharpen their skillsets, build an MDRT culture within their teams and lead more effectively, through their membership and engagement with MDRT Global Services." Tsai added, "Being the Premier Association of Financial Professionals, MDRT membership is highly sought after by the world's top financial services professionals. The launch of MDRT Global Services will provide field and home office leaders with opportunities to broaden their horizons and professional expertise, equipping them to develop the coveted MDRT culture within their advisor teams. With a total of 8,741 MDRT members in 2022, Hong Kong is the third largest member market in the world. We believe that by becoming a member of MDRT Global Services, Hong Kong professionals who lead financial services advisors can receive more specialized and personalized training and thereby enhance the competitiveness of their teams. In the future, we expect to see more Hong Kong professionals become MDRT members and the city could be poised to take the top spot in the ranking."Created as a stand-alone association to help home office and field leaders excel in their profession, MDRT Global Services provides members various opportunities to broaden their horizons and professional knowledge. This includes study groups, custom leadership content, awards, webcasts and eligibility to attend MDRT organized events, paving the way for them to build success.MDRT Global Services offers exclusive member benefits that are custom-made to successfully build the esteemed MDRT culture within one's team. Leaders can grow alongside a dynamic global community of peers, and learn innovative techniques and time-tested leadership strategies. At the MDRT Annual Meeting or MDRT Global Conference, members will also gain valuable opportunities to forge strong connections with fellow financial experts and learn from peers in the profession.Annual membership dues are competitively priced at USD 600, and in line with MDRT's 2023 membership dues. Membership is open to field and home office leaders looking to build an MDRT culture in their teams. Applications can be completed directly on the MDRT Global Services website. Field and home office leaders interested in learning more about MDRT Global Services and applying for membership can visit mdrtgs.org/join.About MDRT Global ServicesAs the newest offering under the global MDRT Family of Brands, MDRT Global Services was created exclusively for financial services field and home office leaders. As a separate, individual membership association with innovative leadership development strategies, MDRT Global Services provides its members with exceptional value and leadership growth opportunities. MDRT Global Services membership allows increased engagement within the MDRT community while allowing leaders to develop a culture of excellence within their respective organizations. To learn more visit mdrtgs.org. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

GHY and Curtin University Sign MOU to Jointly Shape the Next Generation of Media & Film Talents in the Region

December 8, 2022

Singapore, Dec 8, 2022 - (ACN Newswire via SEAPRWire.com) - G.H.Y Culture & Media Holding Co., Limited ("GHY", and together with its subsidiaries and its PRC Affiliated Entities, the "Group"), a leading diversified group in Asia's media and entertainment industry, is pleased to announce that G.H.Y Culture & Media (Singapore) Pte. Ltd., a subsidiary of GHY, has signed a non-binding memorandum of understanding ("MOU") with a world-renowned education establishment, Curtin University, for an academic collaboration in higher education programs in Asia related to media and film studies.Under the MOU, both parties have agreed to (i) discuss opportunities for education-industry collaboration and work- integrated learning programs, (ii) explore development of a global major and cross-campus industry-integrated learning programs, (iii) exchange information relating to activities in fields of mutual interest and (iv) provide the students of Curtin with mobility opportunities.Curtin University is an innovative, global university known for its high-impact research, strong industry partnerships and commitment to preparing students for jobs of the future. Curtin University is one of the top universities worldwide and it has campuses in Western Australia, Singapore, Malaysia, Dubai and Mauritius.Since its establishment, GHY has placed a strong emphasis on identifying, nurturing and promoting talent in the media and film industry across Southeast Asia. While providing access and valuable exposure of its end-to-end production capabilities, GHY has also initiated various tie-ups with industry leaders and education institutions to provide more opportunities for aspiring talents to directly learn from industry professionals and gain practical experience in this niche industry.In addition, the Group has been expanding its portfolio of entertainment content and products, with diversification into new growth adjacencies such as musicals and its first-ever immersive live action game based on GHY's "Strange Tales of Tang Dynasty" drama series.Supported by a robust balance sheet with a net working capital of approximately S$130.1 million as at 30 June 2022, the Group is well-positioned to capture organic and inorganic growth initiatives, to capture the recovery and to bring sustainable long-term returns to shareholders.Mr. Guo Jingyu, Executive Chairman and Group CEO, said, "New media consumers in Asia are dominated by younger demographics and the method of their media consumption is shifting from the big screen to their mobile phones with various forms of personalisation.To better prepare and equip students for the future trends in the media and film industry, both GHY and Curtin University share a common vision to provide a structured higher-learning platform so as to develop Asia's talent pool and technology in the media and film industry to become one of the best in the world.With GHY's strong in-house production capabilities and established industry network, there will be more opportunities for industry exchanges and on-the-job training programs for students under this academic collaboration.For GHY, this is part of our initiatives to have an increasingly regional relationship and impact, strengthening our linkages with Asia through education and technology that are interconnected with our diversified business model within Asia's media and entertainment industry."Professor Richard Blythe, Pro Vice-Chancellor, Faculty of Humanities, Curtin University, said, "The MOU would offer new opportunities for students to gain invaluable real-world experience. This exciting new industry-education collaboration will bring together Curtin's long-standing and successful screen arts expertise with GHY's strong in- house production skills and clear industry connections."Professor Blythe added, "We are delighted to be working with GHY Culture and Media to help develop and foster the next generation of media and film industry stars across Asia."About G.H.Y Culture & Media Holding Co. Ltd. (SGX: XJB; Bloomberg: GHY:SP)Listed on the Mainboard of the Singapore Exchange, G.H.Y Culture & Media Holding Co., Limited ("GHY" or the "Group") is a leading diversified group within Asia's media and entertainment industry. GHY has produced several dramas and films in the People's Republic of China ("PRC"), Singapore and Malaysia that have been broadcasted and/or distributed on major TV networks and leading video streaming platforms in the PRC. The Group has also undertaken the production of concerts for well-known international artistes in Singapore, with upcoming concerts to be held in Singapore, Malaysia and Australia.GHY has strong in-house production teams, with scriptwriters, directors and producers who have been involved in various notable dramas and films. The production teams have consistently produced quality dramas and films and the Group also possesses expertise and capabilities across the business value chain.Currently headquartered in Singapore and the PRC with over 170 employees, the Group also engages in concert production, talent management services, and costumes, props and make-up services.For more information, please visit https://ghyculturemedia.com/ About Curtin UniversityCurtin University is Western Australia's largest university, with close to 60,000 students. In addition to the University's main campus in Perth, Curtin also has a major regional campus in Kalgoorlie, and a campus in Midland, as well as four global campuses in Malaysia, Singapore, Dubai and Mauritius. Curtin staff and students come from Australia and over 120 other countries around the world, with half its international students studying at Curtin's offshore campuses.Curtin is ranked between 9th to 18th in Australia according to the Academic Ranking of World Universities (ARWU) 2022 and has achieved a QS Five Stars Plus rating, the highest available for a tertiary institution, and one of only eight to do so in Australia.The University has built a reputation around innovation and an entrepreneurial spirit, being at the forefront of many high-profile research projects in astronomy, biosciences, economics, mining and information technology. It is also recognised globally for its strong connections with the industry, and for its commitment to preparing students for the jobs of the future.For further information, visit curtin.edu.au.This press release should be read in conjunction with the announcement uploaded on SGXNet on 8 December 2022.DBS Bank Ltd. and UOB Kay Hian Private Limited are the joint issue managers and global coordinators (the "Joint Issue Managers and Global Coordinators") for the initial public offering of shares in, and listing of, G.H.Y Culture & Media Holding Co., Limited on the Main Board of the Singapore Exchange Securities Trading Limited. The Joint Issue Managers and Global Coordinators assume no responsibility for the contents of this announcement.For media and analysts' queries, please contact: 8PR ASIA Pte LtdAlex TanT: +65 9451 5252E: alex.tan@8prasia.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Kitchen Culture Says Notices Filed to Correct Attempts By Director to Change ACRA Records of 5 Fellow Directors, Company Secretary and Address After Purported EGM That Has Been Deemed Invalid

December 5, 2022

SINGAPORE, Dec 5, 2022 - (ACN Newswire via SEAPRWire.com) - Kitchen Culture Holdings Ltd. ("Kitchen Culture" or the "Company") said today that it had filed notices to correct attempts by a director, Madam Hao Dongting ("Mdm Hao") - who is intricately linked to its largest shareholder that has made a second invalid attempt to remove 5 of her fellow board members - to change records of the secretary, office bearers and address of the Company as registered with the Accounting and Corporate Regulatory Authority ("ACRA").It said that Mdm Hao and 5 persons seeking to replace 5 current directors are circumventing the need to go through "proper and required legal processes" to determine the validity of a purported extraordinary general meeting ("Purported EGM") held by electronic means on 25 November 2022.Kitchen Culture has repeatedly asked the 8 requisitioners led by its largest shareholder OOWAY Group Ltd. ("OOWAY Group") - of which Mdm Hao is a substantial shareholder and director - to bring the matter of the validity of the Purported EGM before a Singapore Court. Alternatively, they can issue fresh and compliant notices and other documents to call for a fresh EGM.The Company deems the meeting to be invalid as requisitioners had not sent valid notices, while 5 persons they sought to appoint (the "5 Purported Appointees") were ineligible for election in the first place as they had failed, neglected or refused to submit relevant documents on time, even assuming that it was a valid general meeting.The Company has also received many emails and calls from shareholders voicing frustration that the requisitioners had proceeded with the Purported EGM and announced "the results" in a press release issued on ACN newswire the same day. Many shareholders have also said they had not received the notices calling for the meeting.The requisitioners have yet to respond to the Company's request to bring the matter to Court. Instead, in recent days, Mdm Hao, on behalf of the "new board" supposedly comprising herself and the 5 Purported Appointees, appears to have been contacting or attempting to contact the Company's professional firms to replace the incumbent Company Secretary with 2 others and to change the registered office to the latter's.The "new company secretaries", without waiting for a determination by the Singapore Court or informing the incumbent Company Secretary or the Directors, proceeded to file these changes online with ACRA. However, Kitchen Culture has taken swift action to file corrective notices with ACRA.In any case, these are matters which shall be effected according to resolutions properly passed by shareholders or the proper Directors, the Company said. "The filing of any such 'changes' does not have any substantive effect on the legality - or, for the matter, the invalidity - of the removals, appointments, or change of registered office.""The Directors (other than, of course, Mdm Hao) view these actions to be extremely disruptive of and interfere with the orderly conduct of the business and affairs of the Company, to create uncertainty and sow confusion, as well as are unlawful," Kitchen Culture said. The 5 Purported Appointees proposed by the requisitioners are James Beeland Rogers, Jr., Yip Kean Mun, Lam Kwong Fai, Tan Meng Shern and Cheung Wai Mun. The Requisitioners comprise OOWAY Group and 7 individuals who own an aggregate of 21.71% of the Company's shares.Kitchen Culture's Board, with the exception of Mdm Hao, has said that there are no grounds to justify the resignations of 5 current directors - Mr Lim Wee Li (Executive Director), Mr Lau Kay Heng (Non-Executive Non-Independent Chairman), and 3 Independent Directors, Mr Ang Lian Kiat, Mr William Teo Choon Kow and Mr Peter Lim King Soon. Mr Lau Kay Heng and Mr Peter Lim King Soon were named as new directors on 15 July 2022, the same day that Mr Lincoln Teo, an OOWAY Group's representative and former Interim CEO of Kitchen Culture, ceased to be Executive Director. The Company has stressed that OOWAY Group had supported the re-appointments of Mr William Teo Choon Kow and Mr Ang Lian Kiat at the Annual General Meeting held on 18 March 2022.Shares of the SGX Catalist-listed provider of kitchen and bathroom solutions have been suspended from trading since July 2021. Its Board has seen several changes since the involvement of OOWAY Group in October 2020. Issued by:Kitchen Culture Holdings Ltd.9 Raffles Place, #52-02, Republic PlazaSingapore 048619 Tel: +65 6471 6776, Fax: +65 6472 6776Media & Investor Contact Whatsapp (Text): +65 9748 0688 kitchenculture@wer1.netThis press release has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.The contact person for the Sponsor is Ms. Lee Khai Yinn (Tel +65 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.Kitchen Culture Holdings Ltd. [SGX: 5TI] [BBG: KCH:SP] [RIC: KCHL.SI] https://kcholdings.com.sg Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Kitchen Culture Says 5 Directors Will Remain on its Board as Purported EGM Held Last Friday Is Invalid; Asks Requisitioners to Put Matters Before Singapore Court

November 28, 2022

SINGAPORE, Nov 28, 2022 - (ACN Newswire via SEAPRWire.com) - Kitchen Culture Holdings Ltd. ("Kitchen Culture" or the "Company") said today that 5 directors that requisitioners sought to replace through a purported Extraordinary General Meeting last Friday ("Purported EGM") will remain. Instead, the Company deems the meeting and resolutions purportedly passed to be invalid, and has asked the requisitioners to put the matter before the Singapore Court.Responding to a press release issued on 25 November 2022 on ACN Newswire by the 8 requisitioners, Kitchen Culture said it had written the same day to lawyers for the latter asking for key information. As at 12 noon today, the requisitioners' lawyers had yet to send documentation such as executed proxy forms, list of attendees, who chaired the meeting purportedly held electronically at 9.00 am last Friday, and the breakdown of votes and questions raised or answered at the meeting.This has prevented the directors from having "... the opportunity to make a proper assessment of the conduct and processes at the so-called meeting, and take professional advice as necessary,' the Company said. Instead, the requisitioners were "... creating and maintaining uncertainty and confusion by claiming success of the 'New Board" through press releases and the media.The requisitioners appeared to have rushed to issue their 25 November press release "without bothering to inform the Company of such status." Notwithstanding this, the Company has been trying to engage them to ensure that there is clarity of the situation and to avoid further uncertainty and confusion sown by such conduct, Kitchen Culture said.The Company had announced that the Purported EGM - the second attempt by the requisitioners to remove 5 of 6 existing directors - was invalid as it is in non-compliance with the Companies Act 1967 and breached the Company's Constitution. Instead of giving proper notice, the requisitioners issued a single newspaper advertisement.Over the past weekend, the Company has received numerous letters of protest and complaints from various shareholders, objecting to the so-called holding of the Purported EGM in spite of its invalidity. "Some shareholders also complained that they did not receive any notice... and were therefore not in a position to consider attending it," the Company said.The Company, through its lawyers, has written again to lawyers of the requisitioners to invite them to apply to the Court to determine whatever issues from which they differ, with respect to the Company's position. The Directors (save for, and unlike, Mdm Hao) consider that this is "the most appropriate way to resolve any differences or contentions (and to put to rest the uncertainty and confusion)" as to the validity of the Purported EGM and the resolutions they claim to have been passed, and the eligibility of the persons they claim to have been elected to the office of Director of the Company.Kitchen Culture said each of the 5 persons named by requisitioners to be members of the new 6-member board were ineligible to be put up for election in the first place as they had failed, neglected or refused to submit important relevant documents on time, even assuming that it was a valid general meeting of the Company.The 5 persons proposed by the requisitioners are James Beeland Rogers, Jr., Yip Kean Mun, Lam Kwong Fai, Tan Meng Shern and Cheung Wai Mun. The Requisitioners comprise OOWAY Group Ltd. ("OOWAY") - the Company's largest shareholder - and 7 individuals who own an aggregate of 21.71% of the Company's shares.Kitchen Culture's Board, with the exception of Madam Hao Dongting ("Mdm Hao"), has said that there are no grounds to justify the resignations of the 5 current directors - Mr Lim Wee Li (Executive Director), Mr Lau Kay Heng (Non-Executive Non-Independent Chairman), and 3 Independent Directors, Mr Ang Lian Kiat, Mr William Teo Choon Kow and Mr Peter Lim King Soon. Mr Lau Kay Heng and Mr Peter Lim King Soon were named as new directors on 15 July 2022, the same day that Mr Lincoln Teo, an OOWAY representative and former Interim CEO of Kitchen Culture, ceased to be Executive Director. The Company stressed that OOWAY had in fact supported the re-appointments of Mr William Teo Choon Kow and Mr Ang Lian Kiat at the Annual General Meeting held on 18 March 2022."The Directors of the Company (other than Mdm Hao) urge all shareholders to be wary of and not to be unduly influenced by media statements emanating from or ascribed to OOWAY Group or any of the other 7 Relevant Shareholders or any of the 5 persons who were claimed to have been elected to the "New Board". Shareholders are advised to refer to and compare against announcements and press releases of the Company," Kitchen Culture said. Kitchen Culture shares have been suspended from trading since July 2021. Its Board has seen several changes since the involvement of OOWAY in October 2020. Issued by:Kitchen Culture Holdings Ltd.9 Raffles Place, #52-02, Republic PlazaSingapore 048619 Tel: +65 6471 6776, Fax: +65 6472 6776Media & Investor Contact Whatsapp (Text): +65 9748 0688 kitchenculture@wer1.netThis press release has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.The contact person for the Sponsor is Ms. Lee Khai Yinn (Tel +65 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.Kitchen Culture Holdings Ltd. [SGX: 5TI] [BBG: KCH:SP] [RIC: KCHL.SI] https://kcholdings.com.sg Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Lead ID of Kitchen Culture Writes to Shareholders Expressing Concerns About Major Shareholder OOWAY Group Which is Leading Second Attempt to Call for EGM To Remove 5 Directors

November 23, 2022

SINGAPORE, Nov 23, 2022 - (ACN Newswire via SEAPRWire.com) - The Lead Independent Director ("Lead ID") of Kitchen Culture Holdings Ltd. ("Kitchen Culture" or the "Company"), in a letter to shareholders today, has expressed concerns about promises made to the Company by its largest shareholder, OOWAY Group Ltd. ("OOWAY"), which is leading a second attempt to remove 5 of 6 directors via an extraordinary general meeting ("Second Intended EGM").While Kitchen Culture's Board, acting on legal advice, has announced that the Second Intended EGM scheduled for this Friday is defective and invalid for non-compliance with the Companies Act 1967 and the Company's Constitution, Lead ID William Teo Choon Kow ("Mr Teo") said shareholders have raised concerns about OOWAY and have continued to seek answers about its promises to the Company.OOWAY and 7 individuals (the "Requisitioners") who own an aggregate of 21.71% of the Company's shares have made 2 attempts in recent weeks to remove Mr Teo and 4 others - Mr Lim Wee Li (Executive Director), Mr Lau Kay Heng (Non-Executive Non-Independent Chairman), and IDs, Mr Ang Lian Kiat and Mr Peter Lim King Soon. The Requisitioners want to replace them with 5 others.The Experience of OOWAY's Involvement with Kitchen CultureRecounting the inception of OOWAY to SGX-Catalist listed Kitchen Culture since October 2020, Mr Teo said the business of providing solutions and products for kitchens and wardrobes had not been profitable for years. As such, the Board was excited when it was presented with the prospect of a new business being injected via a deal to acquire shares in OOWAY Technology Pte. Ltd ("OOWAY Technology").A team from the OOWAY Group presented its Asian Accounts Receivable Exchange ("AREX") as "a world's first online platform for trading accounts receivable assets". The platform, running on a digital currency, Lantana, was said to be able to assess and transact up to US$30 billion worth of assets by 2023, its key adviser Mr Liu Yanlong ("Mr Liu") told Kitchen Culture's Board and other investors.After AREX was launched online on 23 February 2021, Kitchen Culture viewed OOWAY as a 'white knight' that could transform the Company's business fortunes. Madam Hao Dongting ("Mdm Hao") - indirectly a 47% shareholder of OOWAY - and Mr Lincoln Teo Choong Han ("Lincoln") joined the Company's Board of Directors in April 2021. Lincoln was named Interim CEO of Kitchen Culture 3 months later."What came next was a bolt from the blue," Mr Teo said. Shortly after his appointment as Interim CEO, Lincoln suddenly stated at a Board meeting in July 2021 that AREX had "nothing to do" with OOWAY and was a 'separate exchange altogether'. In spite of this the Board remained hopeful that Lincoln and OOWAY would be able to bring in other businesses. "As events have shown, this hope was misplaced," Mr Teo said.As confirmed by OOWAY Technology Group, its main revenue for the financial year ended 2021 and the 6-months ended 30 June 2022 was generated from selling parallel imported cars in the People's Republic of China (a business with extremely narrow margins); it incurred substantial losses which have reduced its net assets significantly. Mr Teo noted that this was despite that OOWAY Group listing on its website big names such as Bank of China, ICBC Bank, DBS Bank and Amazon as collaborative partners."These discoveries are extremely concerning. I recently carried out a Google search on AREX and, to my surprise, I could only find two English-language reports on AREX. The AREX website referred to in the press release (www.sgarex.com) is also no longer active," Mr Teo said. Further concerns over the OOWAY Group's actionsMr Teo also stated several other concerns about the actions of OOWAY Group, Mdm Hao and Lincoln:1) OOWAY has not been able to bring in any significant business to the Company, and the only 2 significant ventures it proposed 'have been tainted with irregularities". i) the first involved a transfer of US$480,010 to a Hong Kong company to provide technology support for e-commerce. However, one of the agreements was not dated and the funds transfer was executed without obtaining appropriate due diligence, documentation or prior Board approval. Fortunately, as announced on 14 October 2021, the Company was able to recover a net amount of US$492,259.97 from the Hong Kong company after terminating the transactions. ii) the second, the Company - acting on OOWAY's recommendation through Lincoln amid health concerns during the COVID-19 pandemic - purchased S$600,000 worth of face masks in April 2021 from Anhui Health Box Technology Co. Ltd for resale. Responding to directors' concerns, Lincoln claimed OOWAY had ready buyers offering good margins among its B2B channels, and named the U.S. Government as a transacting party. Instead, Lincoln assigned staff to carry out B2C sales and hired a "Regional Marketing Director" for this purpose at a monthly salary of S$6,000. This was later increased to S$10,000 and resulted in the Company paying S$121,760 in total remuneration to this staff between September 2021 and September 202.To date, total sales achieved for the masks is S$41,624 while the total costs incurred in this business amounted to S$797,046. The shelf life of the masks will expire in January 2023. 2) Between July 2021 and July 2022 during which Lincoln was Interim CEO, more than S$4 million of the Company's funds were depleted. Apart from the 2 ventures listed above, i) Lincoln recruited 4 employees between July to September 2021 from another company where he is a shareholder and director to launch a digital trade business for the Company, some of whom occupied positions which did not match their job experience. This business did not get off the ground and the Company paid an aggregate of S$408,240 to these 4 employees in salaries, allowances and CPF until their employments were terminated by the new Board in July 2022.ii) Instead of leaving the Special Auditor to complete its investigations on irregularities that happened during the past management term to decide on the most appropriate course of action, Lincoln spent more than S$1.1 million in legal fees in suits against the former CEO and Executive Director Lim Wee Li and 2 Chinese employees of the Company.3) The OOWAY Group had made various promises about injecting funds into the Company but these were either never followed through on its promises or contained terms or conditions which the Directors deemed to be unacceptable.Mr Teo said, "... There are serious question marks around why the Relevant Shareholders, led by the OOWAY Group, are now mounting their attempt to remove the current Board (save for Mdm Hao, its own representative) and are going about their efforts in such an antagonistic manner. In view of all of the circumstances above, the Board considers that there may be a need for further investigation into the representations made by the OOWAY Group..."Kitchen Culture has also responded to a press release issued on ACN Newswire by the requisitioners on 18 November 2022. The Company announced that the press release had urged shareholders not to be "discouraged" by the Company's statement about the validity of the Second Intended EGM.Acting on the advice of 2 lawyers, Kitchen Culture has told shareholders not to attend the Second Intended EGM as notices sent by requisitioners were defective and invalid.However, to give 'appropriate room' for the wishes of the requisitioners, the latter could "(i) bring before a Court for determination those legal issues they do not agree with, or (ii) to issue a proper and fully compliant set of documents and take all steps to facilitate a proper general meeting of the Company", the Board (with the exception of Mdm Hao) said.Kitchen Culture shares have been suspended from trading since July 2021. Its Board has seen several changes since the involvement of OOWAY. Issued by:Kitchen Culture Holdings Ltd.9 Raffles Place, #52-02, Republic PlazaSingapore 048619 Tel: +65 6471 6776, Fax: +65 6472 6776Media & Investor Contact Whatsapp (Text): +65 9748 0688 kitchenculture@wer1.netThis press release has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.The contact person for the Sponsor is Ms. Lee Khai Yinn (Tel +65 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.Kitchen Culture Holdings Ltd. [SGX: 5TI] [BBG: KCH:SP] [RIC: KCHL.SI] https://kcholdings.com.sg Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Kitchen Culture Criticises Requisitioners for ‘Diametrically Changing’ Minds by Publishing Advertisement to Call off EGM to Remove 5 Directors; Company Affirms 1 November EGM Will Not Proceed

October 31, 2022

SINGAPORE, Oct 31, 2022 - (ACN Newswire via SEAPRWire.com) - Kitchen Culture Holdings Ltd. ("Kitchen Culture" or the "Company") said today that a group of 8 shareholders ("the requisitioners") seeking to remove 5 of 6 directors has caused confusion among shareholders and the public by publishing a newspaper advertisement calling off the Extraordinary General Meeting ("EGM") with 1 working day's notice before it was due to be held.The Company said it was made aware of a relatively small advertisement published by the requisitioners in The Business Times on 29 October 2022 (Saturday) to 'postpone' the EGM - originally proposed for 9.00 am on 1 November 2022 (Tuesday) at Grand Copthorne Waterfront Hotel - even though the requisitioners had not communicated this to the Board of Directors ("the Board").While the requisitioners had published a significantly larger advertisement in The Sunday Times - a different newspaper - on 16 October 2022 calling for the EGM and had issued a press release via ACN newswire 8 days later urging shareholders to attend, they now "... appear, suddenly and without giving any explanation, to have diametrically changed their minds with just 1 working day before 1 November 2022," Kitchen Culture said.The Company said that some shareholders may not be aware of the latest advertisement by the requisitioners whose conduct has continued to cause confusion. Kitchen Culture has been receiving calls from shareholders expressing confusion and frustration as they had not received the Purported Notices and proxy forms in the days leading up to the EGM.OOWAY Group Ltd. ("OOWAY") and 7 individuals who own an aggregate of 21.71% of the Company's shares had issued Purported Notices issued under Section 177 of the Companies Act 1967 - on 30 September 2022 and 14 October 2022 - to remove the 5 directors.Kitchen Culture has said that 2 law firms have advised that Purported Notices were defective and that any resolutions passed on 1 November 2022 would be invalid.The Company reminded shareholders today that based on the requisitioners' advertisement on 29 October 2022, the intended EGM tomorrow will not be proceeding, and that they should not show up in person nor provide proxy forms.Kitchen Culture also stressed that, as advised by its lawyers, it is incorrect for the requisitioners to state in the advertisement that they are "postponing" the intended EGM or to "announce" another date "in due course". The Company will write to the requisitioners for clarifications and confirmations on this and other relevant points, as appropriate. Kitchen Culture's Board, with the exception of Madam Hao Dongting, has said that there are no grounds to justify the resignations of the 5 directors - Mr Lim Wee Li (Executive Director), Mr Lau Kay Heng (Non-Executive Director and Vice-Chairman), and 3 Independent Directors, Mr Ang Lian Kiat, Mr William Teo Choon Kow and Mr Peter Lim King Soon.Mr Lau Kay Heng and Mr Peter Lim King Soon were named as new directors to the SGX Catalist-listed provider of solutions and products for kitchens and wardrobes on 15 July 2022, the same day that Mr Lincoln Teo, an OOWAY representative and former Interim CEO of Kitchen Culture, ceased to be Executive Director.The Company stressed that OOWAY had in fact supported the re-appointments of Mr William Teo Choon Kow and Mr Ang Lian Kiat at the Annual General Meeting held on 18 March 2022.Kitchen Culture shares have been suspended from trading since July 2021. Its Board has seen several changes since the involvement of OOWAY in October 2020.Issued by:Kitchen Culture Holdings Ltd.9 Raffles Place, #52-02, Republic PlazaSingapore 048619 Tel: +65 6471 6776, Fax: +65 6472 6776Media & Investor Contact Whatsapp (Text): +65 9748 0688 kitchenculture@wer1.netThis press release has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.The contact person for the Sponsor is Ms. Lee Khai Yinn (Tel +65 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.Kitchen Culture Holdings Ltd. [SGX: 5TI] [BBG: KCH:SP] [RIC: KCHL.SI] https://kcholdings.com.sg Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Kitchen Culture’s Board, Acting on Legal Advice, Says 1 November EGM Called To Remove 5 Directors Is Invalid; Urges Shareholders Not to Attend

October 25, 2022

SINGAPORE, Oct 25, 2022 - (ACN Newswire via SEAPRWire.com) - Kitchen Culture Holdings Ltd. said today shareholders should not, and are advised not to, attend an Extraordinary General Meeting (EGM) called to remove 5 of 6 directors as the Purported Notices of the EGM attempted to be issued by 8 requisitioners, including its largest shareholder OOWAY Group Ltd., were defective and therefore invalid.The Board of Directors of Kitchen Culture said that after consulting 2 law firms, it had been advised that the Purported Notices had not been properly served to shareholders in accordance with the Constitution of the Company and did not give shareholders the 21 days' notice required. As such, the Company should not announce the Purported Notices and the EGM should not and will not proceed at 9.00 am on 1 November 2022 at Grand Copthorne Waterfront Hotel as proposed by the requisitioners."Any resolutions passed during any EGM convened on the basis of the defective Purported Notices of EGM would be invalid," said the Board of the SGX Catalist-listed provider of solutions and products for kitchens and wardrobes.As announced on 14 October 2022, the Board received letters, including the Purported Notices - issued under Section 177 of the Companies Act 1967, on 30 September 2022 and 14 October 2022 from the requisitioners who own an aggregate of 21.71% of the Company's shares. The Purported Notices sought to remove Mr Lim Wee Li (Executive Director) and 4 Independent Directors Mr Ang Lian Kiat, Mr William Teo Choon Kow, Mr Lau Kay Heng (also Vice-Chairman) and Mr Peter Lim King Soon.The latter 2 were named as new directors on 15 July 2022 on the same day that Mr Lincoln Teo, an OOWAY representative and former Interim CEO of Kitchen Culture, ceased to be Executive Director. The Board, with the exception of Madam Hao Dongting, has said that there are no grounds to justify the resignations of the 5.The requisitioners had placed a newspaper advertisement of the Purported Notice of EGM on 16 October 2022. Besides not having properly sent copies of the Purported Notices to the shareholders of Kitchen Culture, that advertisement gave only 15 days' notice, 6 short of the 21 days' notice in writing (exclusive of the day on which it is served and of the day on which the meeting is to be held) as required under Article 71 of the Company's Constitution, the Board said.In any event, the advertisement of the Purported Notice of EGM is an additional and separate requirement and does not displace the need to properly serve notices of EGM in accordance with Article 160 of the Company's Constitution, the Board said.The newspaper advertisement also failed to provide proxy forms. The Board said the requisitioners cannot demand the Company to publicise such a notice or the proxy forms. Also, they cannot require the Company to invoke the provisions in the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings For Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 as there is no obligation for the Company to publish, as an announcement, the Purported Notices (or the proxy form) as demanded by the requisitioners.As Kitchen Culture is publicly listed, "any EGM convened on the basis of the defective Purported Notices of EGM is likely to be prejudicial to shareholders. The Board has a duty to consider the interests of all shareholders, and not to promote the interests of any particular one or section of shareholders, including the interests of the OOWAY Group and the other requisitioning shareholders, at the expense of the general body of shareholders," the Board said.Shares of Kitchen Culture have been suspended from trading since July 2021. Its Board has seen several changes since the involvement of OOWAY in October 2020.Issued by:Kitchen Culture Holdings Ltd.9 Raffles Place, #52-02, Republic PlazaSingapore 048619 Tel: +65 6471 6776, Fax: +65 6472 6776Media & Investor Contact Whatsapp (Text): +65 9748 0688 kitchenculture@wer1.netThis press release has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.The contact person for the Sponsor is Ms. Lee Khai Yinn (Tel +65 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.Kitchen Culture Holdings Ltd. [SGX: 5TI] [BBG: KCH:SP] [RIC: KCHL.SI] https://kcholdings.com.sg Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Kitchen Culture’s Extraordinary General Meeting (EGM) on 1 November 2022 To Proceed as Planned

October 24, 2022

SINGAPORE, Oct 24, 2022 - (ACN Newswire via SEAPRWire.com) - Relevant shareholders[2] of Kitchen Culture Holdings Ltd. today announced that they wish to reiterate and clarify to all shareholders of the Company on the following:1. EGM to proceed on 1 November 2022, 9am as planned;2. Relevant Shareholders had on 14 October 2022, at about 5pm, informed Kitchen Culture of the requisition of EGM; 3. Notice of EGM on a major local English newspaper was published on the 16 October 2022 edition of the Sunday Times.4. To date (as at 24 October 2022, 6pm), Kitchen Culture has failed to announce the Notice of EGM, requisitioned by shareholders under Section 177 of the Company Act 1967, which is a clear breach of Catalist Rule 704 of the SGX Listing Manual; 5. Relevant shareholders do not need to send the Notice of EGM and Proxy Form to all Kitchen Culture's shareholders by post, due to current exemptions[3] related to COVID-19. This exemption was also applied in the previous Annual General Meeting of the Company held in March 2022.The Relevant shareholders said, "We encourage all shareholders of Kitchen Culture to vote at the EGM, either in person on 1 November 2022 (9am), or by proxy by 30 October 2022 (9am). Your votes matter and will determine the composition of the leadership and strategic direction of the company going forward."The new Board of Directors if elected, is committed to ensure the completion of the Special Audit to clear Kitchen Culture's outstanding issues and to comply with the Notice of Compliance, paving the way for the resumption of trading in Kitchen Culture shares, which has been suspended since 12 July 2021.For more information on Notice of EGM and CVs, please refer to the following URL: https://tinyurl.com/5bkvteprAt the upcoming EGM, the 2 main agenda items among others to be raised are:1. Removal of the following 5 Directors on the existing Board:a. Mr. Lau Kay Hengb. Mr. Lim Wee Lic. Mr. William Teo Choon Kowd. Mr. Ang Lian Kiat and e. Mr. Peter Lim King Soon2. Appointment of the following individuals to the Board:a. Mr James Beeland Rogers, Jr. to be appointed as a Non-Executive Director of the Company; b. Mr Yip Kean Mun to be appointed as an Executive Director of the Company; c. Mr Lam Kwong Fai to be appointed as an Independent Director of the Company; d. Mr Tan Meng Shern to be appointed as an Independent Director of the Company; and e. Mr Cheung Wai Man to be appointed as an Independent Director of the Company.[1] Section 177 Notice constituting a special notice under Section 152(2) read with Section 185 of the Companies Act 1967 of Singapore (the "Companies Act") of the intention of the Relevant Shareholders to convene an extraordinary general meeting of the Company (the "EGM") pursuant to Section 177 of the Companies Act.[2] "Relevant Shareholders" refers to OOWAY Group Ltd., Koh Cher Chow, Lin Xiao Long, Ling Chui Chui, Koh Ngin Joo, Lim Cheng Huat, Chew Yu Sheng and Soh Koon Eng.[3] Due to COVID-19 pandemic, pursuant to paragraph 5(1) read with the First Schedule of the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020, the Company may convene, hold, conduct, whether wholly or partly, the Annual General Meeting, by electronic means. This includes Provision for laying and production of documents at a general meeting of a listed company which can be via electronic means.Issued by Relevant Shareholders of Kitchen Culture Ltd. Media and Investors Contact:Email: query@oowayasia.com- EGM to be held on 1st November 2022, 9.00 am at Toucan Room Level 4, Grand Copthorne Waterfront Hotel, 392 Havelock Road, Singapore 169663.- EGM is convened in accordance with and in compliance with Section 177[1] of Companies' Act 1967 - As required by legal procedure, Notice of EGM was published in the Straits Times (Sunday Times edition) on 16 October 2022Kitchen Culture Holdings Ltd. [SGX: 5TI] [BBG: KCH:SP] [RIC: KCHL.SI] https://kcholdings.com.sg Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

AcuraBio Appoints Talented Senior Executives to Drive Global Growth Program

October 18, 2022

BRISBANE, AUS, Oct 18, 2022 - (ACN Newswire via SEAPRWire.com) - AcuraBio (formerly Luina Bio), a leading Australian biopharmaceutical CDMO, recently acquired by biotech investor Dr. Glenn Haifer and Ampersand Capital Partners, announced today new senior executive hires to support global growth plans. International biopharma executive Guillaume Herry has been appointed as CEO, while HR executive Joanne Reichardt has been appointed Head of People & Culture. AcuraBio CEO Guillaume HerryAcuraBio brings two decades of experience in innovative therapeutics for customers in the biotech, pharmaceutical, and animal health industries. The CDMO provides recombinant proteins, vaccines, and complex live biotherapeutic products to customers on the leading edge in emerging therapeutics.Dr. Haifer stated "These senior executive appointments are key to shaping the company as we move forward with our growth plans. AcuraBio will immediately benefit from Guillaume Herry's experience with companies in the US, Europe and Australia designing and implementing growth strategies. He brings over 15 years of international operational and strategic consulting experience across the biopharmaceutical and medical device industries."Mr. Herry said: "I'm excited to be part of this new phase of growth and to be working with Glenn and the Ampersand team. I look forward to leveraging the business' deep technical experience to grow the company and expand the service offering."Mr. Herry holds an MBA from the Australian Graduate School of Management at University of New South Wales Business School (Australia), a Master's Degree in Engineering for Health and Drugs (Biotechnology, Health and Management) from the University Joseph Fourier in Grenoble (France) and a Master's Degree in Entrepreneurship in Life Sciences & Technologies from the University Paris-Sud X (France).Regarding the appointment of Joanne Reichardt as Head of People & Culture, Dr. Haifer added "Ms. Reichardt's appointment reflects a significant step in supporting our growth mission as we aim to create a robust culture. Ms. Reichardt brings over 20 years of HR experience and proven leadership expertise in successfully delivering critical people and culture strategies to support changing and growing businesses."Ms. Reichardt holds a Bachelor of Business (Strategic HR & Marketing) from the University of Southern Queensland and is a CAHRI member of the Australian Human Resources Institute.Ms. Reichardt she was excited to be joining AcuraBio. "I look forward to working closely with the team to advance people processes and systems, with a focus on attracting and retaining the industry's top talent to strengthen AcuraBio's position as the most experienced biopharmaceutical CDMO. My goal is to enhance our people & culture offering, with a view to becoming industry Employer of Choice."About AcuraBioAcuraBio Pty Ltd is one of Australia's most experienced biopharmaceutical CDMOs, offering trusted, client-focused services to both domestic and international clients for the past 20 years. AcuraBio offers significant quality, cost, and IP assurances for biopharma companies around the world. World-class researchers and proven facilities, a streamlined regulatory framework, generous tax incentives, and government funding make Australia a prime location for biotech research. AcuraBio has the following operating licenses: TGA (Australian FDA equivalent) license for the manufacture of human therapeutic APIs from biological and synthetic sources, APVMA (veterinary equivalent of the TGA) license for manufacture of sterile immunobiological products, OGTR license to produce products from genetically modified organisms, and a DAF facility license for import and use of biologic materials. Additional information about AcuraBio is available at www.acurabio.com.About Ampersand Capital PartnersFounded in 1988, Ampersand is a middle market private equity firm with more than $3 billion of assets under management dedicated to growth-oriented investments in the healthcare sector. With offices in Boston and Amsterdam, Ampersand leverages its unique blend of private equity and operating experience in seeking to build value and drive strong long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of the firm's core healthcare sectors. Additional information about Ampersand is available at www.ampersandcapital.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

OOWAY Group Seeks to Appoint New Board to Turn Around Kitchen Culture

October 12, 2022

SINGAPORE, Oct 12, 2022 - (ACN Newswire via SEAPRWire.com) - OOWAY Group Ltd, the single largest shareholder, together with 7 other shareholders[1] of Kitchen Culture Holdings Ltd. has on 30 September 2022 informed the Company's Board of the intention to convene an extraordinary general meeting of the Company (EGM) pursuant to Section 177 of the Companies Act[2].The upcoming EGM seeks to remove 5 of the current Kitchen Culture's Board of Directors and appoint 5 new members to the Board. Reference SGXNET 30 Sep 2022: https://tinyurl.com/mr5pxncrReasons for Calling for EGM OOWAY Group emphasises that without a change in the current Kitchen Culture board, the value of Kitchen Culture's 27.65% stake in OOWAY Technology Pte Ltd (which is its most valuable asset) would be unrealised and ultimately wasted.OOWAY Group reiterates that the implementation of a long-term and viable business plan for OOWAY Technology is the only path available now for the resumption of trading in Kitchen Culture shares, and ultimately a share price that would reflect its fundamentals.Mr Liu Yanlong, representative for OOWAY Group, said, "With OOWAY Group's existing and new business capabilities in Big Data Analytics and Artificial Intelligence, we were excited at the prospect of working closely with Kitchen Culture in line with their diversification strategy and OOWAY Group's expansion in the ASEAN region.However, we have witnessed the gradual erosion of the Company's core values and business prospects and have reluctantly taken this step, in order to protect our interests and the interests of other minority shareholders. The current suspension of Kitchen Culture shares, is a definite concern of all shareholders of the Company.We believe that replacing the current board with the proposed new Directors, who bring with them the necessary experience, expertise and energy to help reverse Kitchen Culture's present trajectory, is the only way forward."Mr Liu, added: "The indisputable fact is this: OOWAY Technology is Kitchen Culture's most valuable asset. Since the time of the acquisition till the present, OOWAY Group has continued to forge new business, break new ground, and grow the company through massive investment in technological capabilities and talented individuals.While we are greatly disappointed in what has transpired at Kitchen Culture, we still hold on to the belief that the Company can and will turn around once we have a new and highly capable management with integrity, transparency and vision in place and we will work hand-in-hand with them to ensure that Kitchen Culture become stronger than before."EGM AgendaAt the upcoming EGM on a date yet to be confirmed, 2 main agenda items among others to be raised are:1. Removal of the following 5 Directors at the EGM should they not voluntarily resign before 5pm on 14 October 2022:a. Mr. Lau Kay Hengb. Mr. Lim Wee Lic. Mr. William Teo Choon Kowd. Mr. Ang Lian Kiat and e. Mr. Peter Lim King Soon2. Appointment of the following individuals to the Board:a. Mr James Beeland Rogers, Jr. to be appointed as a Non-Executive Director of the Company; b. Mr Yip Kean Mun to be appointed as an Executive Director of the Company; c. Mr Lam Kwong Fai to be appointed as an Independent Director of the Company; d. Mr Tan Meng Shern to be appointed as an Independent Director of the Company; and e. Mr Cheung Wai Man to be appointed as an Independent Director of the Company. BackgroundKitchen Culture had been suffering from recurring losses and negative operating cash flow from its core business as a kitchen solutions provider for 8 years at the time of the acquisition by OOWAY Group.In August 2020, Kitchen Culture entered into a sale and purchase agreement and a shareholder's agreement with OOWAY Group to acquire a 30% equity stake in OOWAY Technology Pte. Ltd. at a purchase consideration of S$23.92 million to be satisfied by way of the allotment and issue of 90,000,000 new ordinary shares in the capital of Kitchen Culture at an issue price of S$0.2658 per ordinary share.At the time of the acquisition in 2020, it was envisaged that the combination of the newly-raised funds and OOWAY Technology's cutting-edge technologies as well as extensive business networks and capabilities would ring in a new era of growth and profitability for Kitchen Culture.The Relevant Shareholders have also informed the Kitchen Culture Board that prior to the conclusion of the EGM, the Company, including the current Directors of the Company, should not:1. Take any action to effect any casual appointment of Director(s) or action that will affect the number of existing issued shares of the Company or carry out any corporate action that is dilutive in nature to the minority shareholders of the Company.2. Carry out any transaction that would result in the divestment or acquisition of any business interest or asset for or on behalf of the Company. 3. Enter into any transaction committing or exposing the Company to any potential liability of a significant nature. SGXNET References:- 12 April 2022: General Announcement::UPDATE ON REVIEW BY BAKER TILLY CONSULTANCY (SINGAPORE) PTE. LTD. https://tinyurl.com/48fwfsfx- 21 April 2022: General Announcement::ASSISTANCE IN THE REVIEW BY THE COMMERCIAL AFFAIRS DEPARTMENT https://tinyurl.com/2p8hfrdt[1] "Relevant Shareholders" refers to OOWAY Group Ltd., Koh Cher Chow, Lin Xiao Long, Ling Chui Chui, Koh Ngin Joo, Lim Cheng Huat, Chew Yu Sheng and Soh Koon Eng.[2] Section 177 Notice constituting a special notice under Section 152(2) read with Section 185 of the Companies Act 1967 of Singapore (the "Companies Act") of the intention of the Relevant Shareholders to convene an extraordinary general meeting of the Company (the "EGM") pursuant to Section 177 of the Companies Act.About OOWAY Group Ltd.OOWAY GROUP LTD. is a corporate entity registered with Accounting and Corporate Regulatory Authority which has a stake in OOWAY Technology Pte Ltd. OOWAY Group is an established big data, Artificial Intelligence (AI) and Blockchain technology provider of innovative solutions for the integration of cross-border trade. Its DIGIT platform (Digital Innovation of Global Integrated Trade) seamlessly integrates cross-border trade with all parties through all stages from initialization to conclusion. The use of AI enables the platform to collect and analyze data to recognize, predict and optimize the cross-border trade process for all parties involved. The use of Blockchain ensures transparency, traceability and immutability, and automatic updating of all documents in the cross-border trade process. www.ooway.comIssued by OOWAY Group Ltd.Media Contact: Email: query@oowayasia.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

SeaPRwire

“Star City, Shining Bright” Traveler’s Forum (TF) to Kick Off in Changsha – The “City of Influencing” Will Focus on Vibrant Neo-Tourism Content

August 18, 2022

This August, stars shine over Changsha as the aroma of bustle and hustle wafts amid this dazzling city. Over three days from August 18th to 20th, 2022, KOLs of culture &tourism industry, experts and academics, as well as content creators of culture & tourism works will gather in Changsha, also known as Star City, for the Traveler’s Forum (TF). Hosted by the Changsha Municipal People’s Government and Trip.com Group Limited, the TF is jointly organized by the Changsha Municipal Culture, Tourism, Radio, and Television Bureau, Yuelu District People’s Government, with the support of the Changsha Yuelu District Culture, Tourism and Sports Bureau, Hunan Huanian Culture and Tourism Investment Co., Ltd., and Huayi Brothers (Changsha) Film Town. The Traveler’s Forum comprises three major events, including the International Traveler’s Content Creation Conference, the TF Gala and the Traveler’s Lifestyle Festival. In recent years, Changsha’s innovative initiatives have promoted the high-quality integration of culture and tourism. With distinctive culture and tourism brands and an upgraded culture and tourism industry, Changsha offers a growing variety of tableaux of culture and tourism consumption. Furthermore, the city’s culture-and-tourism-friendly policies and initiatives to promote domestic consumption create diversified culture and tourism offerings for residents and tourists alike. Changsha has rocketed up the charts as a popular holiday destination. According to data released by Trip.com, the city ranked among the top ten destinations for short-distance tours during the Labor Day holiday, among the top ten most visited cities for the Dragon Boat Festival holiday, and one of the top ten destinations for graduation trips by Generation Z. In line with the Forum’s theme of “Star City, Shining Bright”, the culture and tourism IP events in International Traveler’s Content Creation Conference has been tailored for Changsha. Together with Trip.com Group’s TF Gala and Traveler’s Lifestyle Festival, the forum will integrate key elements of consumption, culture, and data traffic to demonstrate that culture and tourism is a comprehensive drive of socioeconomic development in the post-pandemic era. As for the landing of the TF in Changsha, thanks to government-enterprise effort to promote an upgrade of destination brands. With the leverage of Trip.com’s “Tourism Marketing Hub,” the forum will promote an all-round upgrade in Changsha’s culture and tourism marketing by using the group’s influential marketing resources, supporting to raise the comprehensive strength of the culture and tourism industry to new heights. Changsha, the “City of Influencing”, Will Undergo Brand New Upgrade and Focus on Creating Vibrant Neo-Tourism Content On the first day of the forum, the International Traveler’s Content Creation Conference will gather the opinion leaders in the culture and tourism industry, top creators of tourist content, experienced travelers, all together to shine brightly at the Travelor’s Forum. At the event, experts and academics will give keynote speeches on culture & tourism resources and development path. Content creators of culture & tourism works will reveal their soul cource and explore the development direction by sharing their travels in the year. TF Gala awardees will be invited to engage in a face-to-face session with all travelers. By combining sound, light, electronics and other scenario settings, the Forum will create a unique immersive experience for participants, allowing them to feel and witness the shift in culture and tourism from “photoing” to “storytelling”. Changsha will utilize Trip.com Group’s platform to export its culture and tourism brands to global markets in a diverse and sustainable way, boosting the revitalization of city image and further increasing its city brand influence. Star City’s “Star Program” Will Be Launched at the TF Gala Social Media Apart from the International Traveler’s Content Creation Conference, the TF Gala will present awards for Trip.com Group’s annual travelers. The nominees will be announced in livestream after a series of appraisals and votings, and the annual creator list will be released as most influential traveler of the year, annual MCN list at the TF Gala. The forum will showcase the vitality of Trip.com Group’s Community’s travel content creation to the world and endorse Changsha on diversified culture and tourism contents. Photo: Meixi Lake International Culture and Art Center Star City Changsha will provide the colossal stage to the TF Gala, at which Changsha’s traveler list will be announced as part of the “Star Program”. All social circles will join in and trigger heated dedate on practice and enlightment about Changsha’s culture and tourism model, paving the way for China’s development next decade in the content creation within culture & tourism industries and beyond. The fully-livestreamed events will invite cross-border travelers to share new concepts and goals that benefit both travelers and destinations, and the hottest topics of the year will also be announced, allowing enthusiastic travelers and content creators to explore trends of Neo-tourism content. The TF aims to promote Changsha’s rising popularity through content creation. Using innovative means, the internet events will capture tourists fast by forming positive perceptual impression on Changsha, helping Changsha’s culture & tourism industries to maintain a top differentiated brand-level trend in the long run. New Upgrade in Content Consumption Tableaux, Trip.com Group Accelerates a Shift in Culture and Tourism from “Photoing” to “Storytelling” The TF intends to explore and witness to the shift in culture and tourism from “photoing” to “storytelling”. With the coming of post-pandemic era, ways of travel become diversified with an upward tendancy to experience, immersion, links and public reputation. As an important content platform, the Trip.com Group Community is a leading hub for strategic content in the tourism industry. The community will integrate cultural entertainment and tourism with talk shows, concerts, music festivals, lifestyle festivals and other entertaining lifeways since Changsha Traveler’s Lifestyle Festival unfolds. Photo: Changsha night scene The Traveler’s Lifestyle Festival is called the “Kong · Music Carnival,” organized by Trip.com Group’s NOW, a new subsection of Trip.com Group Communities, in partnership with the Electric Jungle Music Festival, China’s leader in live experiences. Starting on August 19th, the two-day festival will embrace two grand stages and thirty four bands. Musicians will revel with travelers in the event music as accompaniment to their trips. Festival-goers will experience Changsha’s unique local attractions while enjoying a gentle and pleasant romance in the city’s late summer. Through showing all-round and dimensional unique experiences, the Traveler’s Lifestyle Festival aims to empower Changsha’s upgrades on culture and tourism model and travel content, conveying to travelers the concept of travel as a lifestyle. Trip.com Group’s Core IPs Will Help Promote Changsha’s Long-Term Popularity To date, over 100,000 travelers have actively participated in Trip.com Group’s core IP and the TF events, garnering over 10 billion impressions and more than a million online and offline participants. The events will further enhance Changsha’s popularity and influence and in turn will promote consumption and development in the culture and tourism sector. In recent years, Trip.com Group has been an important strategic partner in Changsha’s high-quality culture and tourism development. Leveraging Trip.com Group’s strong resource integration capabilities, Changsha has continuously rolled out culture and tourism combos, including building Changsha’s Star Hub, issuing culture and tourism consumption vouchers and subsidies, introducing Trip.com Group Country Retreats program and Changsha – Super Destinations program. The “Star City, Shining Bright” TF will be the ideal model for government-enterprise cooperation, Must-see travel IP, Festival IP and City IP. The forum will help the city develop into a young, international, trendy and entertainment-centric brand. It helps accelerate the recovery of Changsha’s culture and tourism market, unleash its consumption potential and break new frontiers to build a world-renowned tourist destination. Changsha will also take in Trip.com Group’s brand influence and tourism industry ecosystem strength. Centered on its cultural symbol as “Star City” , Changsha is aligning itself with the strategy of “strengthening the provincial capital” and further completing its ecological tour goal. The tailored International Traveler’s Content Creation Conference, as permanent culture and tourism event IP for Changsha, the year-end gala, buzz marketing and other events will elevate the city’s all-round influence in various aspects as a seed city in Trip.com Group’s Super Destinations, attracting tourists from across China and abroad to witness the “City of Influencing” for sustainable and long-run popularity. Photo: Changsha’s Huangxing Commercial Pedestrian Street