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Azam Yusof Named CEO of Sun Life Malaysia Takaful

Noor Azam bin Mohd Yusof has been appointed as the CEO of Sun Life Malaysia Takaful (SLMT), effective 3 February 2025. He takes over from Jeffry Azmi, who has retired. Azam Yusof brings over 25 years of experience in the insurance and takaful sectors, with expertise spanning sales and marketing, bancassurance, bancatakaful, agency management, business development, and strategic transformation. Before joining Sun Life Malaysia, he was the CEO of a leading family takaful operator since 2017. n his new role, he will oversee SLMT’s business operations, ensuring Syariah compliance and driving the company’s growth strategy in the Malaysian bancatakaful market. His appointment also aligns with Sun Life Malaysia’s efforts to expand its Insurelit campaign, which aims to enhance insurance and takaful literacy in the country. Raymond Lew Raymond Lew, President and Country Head of Sun Life Malaysia, said, “We are thrilled to welcome Azam Yusof to the Sun Life Malaysia family. His proven leadership and deep takaful expertise are precisely what we need to expand our takaful business’s reach and impact. With a ‘Play to Win’ mindset, we are confident he will lead us to become a family takaful leader, delivering exceptional growth, innovation and impacts for our clients.” Azam Yusof Azam Yusof said, “I am honoured to lead SLMT and scale our family takaful business to greater heights. I am passionate about helping our Clients and more Malaysians build a secure financial future that honour their faith and enabling them to live healthier, more fulfilling lives.” —FINTECH NEWS MALAYSIA

Investment & Market Trends, News

CIMB Posts Record RM5.04 Billion Dividend Amid Strong FY24 Profits

KUALA LUMPUR: CIMB Group Holdings Berhad (“CIMB Group” or “the Group”) delivered a strong financial performance for the financial year ended 31 December 2024 (“FY24”), reporting a net profit of RM7.73 billion, a 10.7% year-on-year (YoY) increase from RM6.98 billion in the previous year. Profit before tax (“PBT”) rose 9.0% YoY to RM10.40 billion, translating to earnings per share (EPS) of 72.3 sen. The Group’s return on average equity (ROE) improved by 50 basis points (bps) to 11.2%.   CIMB Group’s operating income grew by 6.1% YoY to RM22.30 billion, driven by strong growth in both net interest income (“NII”) and non-interest income (“NOII”). NII increased 5.3% YoY to RM15.40 billion, supported by healthy loan growth, while NOII rose 8.1% YoY to RM6.90 billion, led by a robust client franchise business and higher trading income. This improved the NOII ratio to 31.0%, up 60bps YoY. The Group’s strong FY24 results were underpinned by disciplined cost controls, improved asset quality, and a diversified portfolio strategy. Businesses in Malaysia and Singapore outperformed, in line with economic growth, while operations in Thailand stabilised. In Indonesia, the Group remained resilient despite intense market competition. Record Dividend Payout CIMB Group has proposed a second interim dividend of 20.00 sen per share, bringing the total annual dividend to 47.00 sen per share—the highest on record. This translates to a total payout of RM5.04 billion for the year. Strong Growth in Loans, Deposits & Asset Quality On a constant currency basis, total gross loans expanded by 4.8% YoY, aligning with market trends. The Group’s deposit-led strategy drove a 5.2% YoY increase in total deposits, while current account savings account (“CASA”) balances grew 7.7% YoY, raising the CASA ratio to 43.1% as of December 2024. Operational efficiency also improved, with the cost-to-income ratio declining by 20bps to 46.7%. Pre-provisioning operating profit (“PPOP”) grew 6.6% YoY to RM11.88 billion. Asset quality strengthened further, with total provisions declining by 5.5% YoY to RM1.50 billion. The gross impaired loans (“GIL”) ratio improved to 2.1% (-60bps YoY), while allowance coverage reached a record 105.3%, surpassing pre-pandemic levels. CIMB remains well-capitalised, with its Common Equity Tier 1 (“CET1”) ratio at a strong 14.6%, providing financial flexibility for future growth. Resilient Fourth Quarter Performance For 4Q24, CIMB recorded a net profit of RM1.80 billion, up 5.0% YoY. Loan growth was 4.8% higher than December 2023 and 2.4% higher than September 2024 on a constant currency basis. Despite rate cuts in several markets, 4Q24 net interest margin (“NIM”) increased by 2bps to 2.17% YoY, driven by disciplined asset pricing and a deposit-led strategy. NII rose 3.1%, offsetting a weaker NOII. Completion of Forward23+ Strategy FY24 marked the successful conclusion of CIMB’s Forward23+ strategic plan, which transformed the Group’s performance. Over the past four years, ROE improved from 2.1% in 2020 to 11.2%, delivering an annualised total shareholder return of 34.6%. The strategy’s success was driven by portfolio reshaping, a strengthened corporate culture, enhanced asset quality, and operational efficiencies. Commitment to Sustainability & Global Recognition As a purpose-driven organisation, CIMB continues to lead in sustainability, mobilising RM117.0 billion in Green, Social, and Sustainable Impact Products and Services (“GSSIPS”), surpassing its RM100 billion target ahead of schedule. CIMB is also the only Malaysian bank recognised in the S&P Global Sustainability Yearbook 2025, joining 66 leading global banks for excellence in climate action, sustainable finance, financial inclusion, governance, and risk management. Additionally, CIMB ranked first globally among 400 financial institutions in the World Benchmarking Alliance’s 2025 Financial System Benchmark. The Group remains the first Malaysian bank to set and announce decarbonisation targets across six sectors. Outlook for 2025 Novan Amirudin, Group Chief Executive Officer of CIMB Group, commented: “Our strategy of pivoting towards client franchise income, pricing discipline, and deposits has driven a strong FY24 performance. The success of the Forward23+ strategy reflects our focus on portfolio reshaping, efficiency, resilience, and asset quality improvement. Our ambition to be the leading focused ASEAN bank continues to benefit our customers and stakeholders.” “Looking ahead to 2025, we remain cautious given external and geopolitical uncertainties. However, we anticipate continued resilience across our ASEAN markets and expect our core financial performance to stay on a positive trajectory. We will prioritise profitability without compromising investments and long-term sustainability.” “As we embark on our next strategic growth phase, CIMB remains committed to advancing our customers and society across ASEAN. We will focus on optimising capital and resources while driving sustainable growth, making the Group simpler, better, and faster.”

Investment & Market Trends

Forex Loss Puts Capital A in the Red, Non-Aviation Revenue Hits Record

KUALA LUMPUR: Capital A Bhd (KL:CAPITALA) ended the final quarter of 2024 with a bigger net loss, again dragged by foreign exchange (forex) losses, despite registering higher revenue from its continuing operations. Net loss for the three months ended Dec 31, 2024 (4QFY2024) stood at RM1.57 billion, versus losses of RM345.31 million a year earlier, as the group booked RM1.4 billion in forex losses from the aviation business. This is Capital A’s biggest quarterly loss in the post-pandemic period, after incurring a net loss of RM2.44 billion in 4QFY2020. Quarterly revenue, however, rose 33.87% to RM443.33 million compared with RM331.16 million in 4QFY2023, thanks to improved performance in logistics, MRO (maintenance, repair and overhaul) services and digital businesses. No dividend was declared during the quarter. The last dividend from Capital A was 90 sen per share for FY2019. The group’s continuing operations — excluding the aviation segment due to a planned disposal to sister company AirAsia X Bhd (KL:AAX) — recorded a revenue increase of 39% to RM880.1 million in 4QFY2024. The logistics segment, involving air cargo unit Teleport, contributed 40% of this, while MRO services (ADE) accounted for 23% and the online travel platform 19%. The discontinued aviation segment’s revenue rose 8% to RM4.82 billion. Earnings before interest, taxes, depreciation and amortisation (Ebitda) increased to RM1.17 billion in the quarter, compared with RM295.2 million a year ago. For the full financial year ended Dec 31, 2024 (FY2024), Capital A posted a net loss of RM475.11 million from a net profit of RM255.32 million in FY2023. Full-year revenue of continuing operations increased 16.98% to its all-time high of RM1.5 billion, compared with RM1.28 billion. Capital A sets earnings targets, sees PN17 exit by 2Q Along with the results release, Capital A has published its own internal targets for FY2025. It expects its non-aviation revenue to hit RM4 billion with an Ebitda of RM600 million, giving the group a 10% net operating profit margin. Its aviation segment, meanwhile, is targeted to achieve RM24 billion in revenue, an Ebitda of RM4.8 billion and a 5% net operating profit margin, assuming all aircraft take to the skies. “Ambitious, but I believe the worst is behind us and it’s time to reap all the hard work we’ve put into rebuilding,” Capital A chief executive officer (CEO) Tan Sri Tony Fernandes said in a statement. Fernandes also expects Capital A to exit its Practice Note 17 (PN17) status by the “end of quarter two”, pending related approvals. Capital A’s Aviation Group CEO Bo Lingam said that moving onwards, the group will focus on cost, trimming its debt and optimising routes to double down on the most profitable ones. “We’re also committed to strengthening domestic market share by increasing flight frequencies from our mega hubs in Kuala Lumpur and Bangkok, and secondary hubs,” Bo said. At the closing bell on Friday, Capital A settled down three sen or 3.35% to 86.5 sen, valuing the group at RM3.75 billion.–THE EDGE MALAYSIA

Media OutReach

BK8 News Is The New Title Sponsor Of Gresini Racing MotoGP: Let’s Get Started

BURIRAM, THAILAND – Media OutReach Newswire – 1 March 2025 – Starting Today, the Gresini Racing MotoGP team will officially be known as BK8 Gresini Racing MotoGP. This marks the latest major announcement – just days before the highly anticipated start to the 2025 season at the Buriram International Circuit in Thailand. BK8 NEWS, a sports news and entertainment platform providing up-to-date sports coverage and fan engagement worldwide, will become the Title Sponsor of the Faenza-based team for the 2025 and 2026 seasons. Besides naming rights, BK8 NEWS will enjoy prominent visibility on the Desmosedici GP24, as well as on the racing suits of Alex Marquez and Fermin Aldeguer. Additionally, the BK8 NEWS brand will feature on team uniforms, garage panels, and transport vehicles. This sponsorship marks the largest partnership to date for BK8 NEWS and aims to offer a powerful marketing tool to engage fans on a global scale. It is designed to support brand growth by leveraging the massive audience of MotoGP, particularly in key markets where the company operates, maximizing visibility and fan engagement. MICHAEL GATT – MANAGING DIRECTOR, BK8 NEWS “We’re excited to team up with Gresini Racing, marking a significant milestone in our strategic growth. This collaboration reflects our commitment to performance, precision, and excellence. By teaming up with a team that pushes the boundaries of motorsport, we’re establishing our presence in one of the world’s most iconic motorsport events. Together, we’ll fuel Gresini Racing’s success, bringing fans closer to the action with exclusive insights and behind-the-scenes access.” CARLO MERLINI – COMMERCIAL & MARKETING DIRECTOR, GRESINI RACING “I am thrilled to announce the signing of a title sponsorship agreement for the Gresini Racing MotoGP Team. Adrenaline, speed, and excitement make MotoGP an incredibly powerful marketing platform, offering brands unparalleled global visibility… and Gresini Racing stands among the best organisations in the sport. It’s no surprise that a major brand like BK8 NEWS has chosen the exceptional Gresini – MotoGP combination as its flagship project to achieve its goals. I want to extend my gratitude to everyone at BK8 NEWS for their dedication and commitment over the past few weeks in making this project a reality… I truly can’t wait to hit the track in our new colours and kick off the BK8 NEWS Gresini MotoGP Team in the best way possible.” SALAUDDIN SINNAKANDU – CHIEF EXECUTIVE OFFICER, OUTLAST SPORTS & ENTERTAINMENT “We are pleased to have facilitated this partnership, bringing together two influential brands with a shared vision. It’s exciting to see this collaboration come to life, and I’m confident it will open up new opportunities for both brands within the world of motorsport.” BK8 NEWS operates in the fields of sports news and entertainment. It is a sports information and entertainment site that provides up to date sports news and enables engagement with the sports fans all around the world. Hashtag: #motogp #gresini #bk8news #gresiniracing #bk8newsgresiniracingmotogp #buriram The issuer is solely responsible for the content of this announcement.

Media OutReach

China CITIC Bank International and Hong Kong Airlines to launch co-branded Mastercard® card

Strengthening credit card product portfolio Travel offers and rewards to drive credit card spending HONG KONG SAR – Media OutReach Newswire – 28 February 2025 – China CITIC Bank International Limited (“CNCBI”) and Hong Kong Airlines (“HKA”) today announce the launch of the China CITIC Bank International Hong Kong Airlines co-branded Mastercard® card, providing customers exceptional travel experiences and rewards, further enhancing the CNCBI credit card product portfolio while helping to driving credit card spending. (from left to right): Ms Helena Chen, Managing Director, Hong Kong & Macau, Mastercard; Ms Wendy Yuen, Head of Personal & Business Banking Group, China CITIC Bank International Limited; and Mr Yan Bo, Chairman, Hong Kong Airlines announce the launch of the China CITIC Bank International Hong Kong Airlines Mastercard® card. With a view to satisfying customers’ needs for travel and credit card spending as global tourism recovers, CNCBI and HKA have joined forces to launch the China CITIC Bank International Hong Kong Airlines co-branded Mastercard® card with myriad rewards, including welcome complimentary air ticket1, bonus spending rewards and exclusive travel privileges. Customers may take advantage of a flexible and more favourable points reward system and earn points quicker for discounted air tickets redemption. Other rewards include complimentary travel insurance2, airport lounge access3 and a range of other privileges that allow customers to reap rewards for their spending when travelling abroad. Ms Wendy Yuen, Head of Personal and Business Banking Group, CNCBI, said, “Tourism started to pick up its pace since the second half of 2023 which fuelled the overseas travelling boom for Hong Kong people. Based on 2024 figures, overseas spending has accounted for more than 20% of the total value of credit card transactions at CNCBI. Against this backdrop, the Bank and HKA are rolling out this new co-branded credit card with the objectives to offer travel enthusiasts more appealing spending & travel rewards. At the same time, it enriches the credit card portfolio of CNCBI.” Mr. Yan Bo, Chairman of Hong Kong Airlines, stated, “We are delighted to launch a co-branded credit card in partnership with CNCBI, marking a significant milestone in Hong Kong Airlines’ service innovation. This collaboration not only offers cardholders an array of travel privileges including points redemption for air tickets, priority boarding, and airport lounge access, but also establishes a new standard for the integration of aviation and financial services. As an airline deeply rooted in Hong Kong, we are committed to delivering a high-quality travel experience for our passengers and driving industry innovation. We are confident that this partnership will invigorate travel and consumption for the people of Hong Kong.” Exciting rewards for travelling and spending China CITIC Bank International Hong Kong Airlines Mastercard® card welcome offers and exclusive rewards include: – Welcome offer: Earn up to 104,000 Fortune Wings Club (FWC) points (can redeem four sets of round-trip ticket to Okinawa / Shanghai or other destinations)4 Earn 26,000 FWC points with spending of HK$25,000 within the first five months from card issuance1 Redeem 26,000 FWC points with HK$800 for every additional spending of HK$15,000 from card issuance (Maximum 3 times) 1. 26,000 FWC points can redeem one set of round-trip ticket to Okinawa, Shanghai or other destinations4 – Spending rewards: As low as HK$2 = 1 FWC point5 – Annual promotion: Cardholders have two opportunities annually to redeem HKA tickets to selected destinations at a 50% off using FWC points – Business class upgrade offer: 50% off FWC points Aside from flight rewards, CNCBI HKA Mastercard® cardholders may also enjoy an array of exclusive travel privileges including free travel insurance2, HKA airport lounge service3, exclusive check-in counters, priority boarding and baggage handling, in-flight duty-free discounts, as well as additional FWC points when purchasing tickets from the HKA official website and mobile app. Offers are subject to terms and conditions. To borrow or not to borrow? Borrow only if you can repay! Remarks: 1. The promotion is valid until 2 July 2025. It is applicable to applicants who do not hold any CNCBI Credit Card principal card in the past 12 months from the approval month of current applications. 2. Offers are provided by Mastercard® and are subject to relevant terms and conditions. Please visit the Mastercard® website for details. 3. The promotion is valid until 31 December 2025. Two Hong Kong Airlines lounge vouchers are awarded upon any spending. 4. The points redemption standard is based on Hong Kong Airlines’ reward economy class (R) ticket redemption standard as of January 1, 2025, and is subject to Hong Kong Airlines’ latest announcements and may change from time to time. Customers are responsible for all applicable taxes, airport construction fees or government fees, fuel surcharges, security fees, insurance fees, and any fees charged by any authorized entity in connection with the use of points-redeemed tickets. 5. Hong Kong Airlines spending: HK$2 = 1 FWC point. Overseas and online spending: HK$4 = 1 FWC point. Local retail spending: HK$6 = 1 FWC point. Hashtag: #CNCBI #HKA The issuer is solely responsible for the content of this announcement. China CITIC Bank International Limited China CITIC Bank International Limited (“CNCBI”), a major offshore platform of commercial banking business of the CITIC Group, is 75%-owned by CITIC International Financial Holdings Limited (“CIFH”), which in turn is a wholly-owned subsidiary of China CITIC Bank Corporation Limited (“CNCB”). CNCBI’s footprint in Greater China includes 24 branches and two business banking centres in Hong Kong, as well as presence in Beijing, Shanghai, Shenzhen and Macau, and overseas branches in New York, Los Angeles and Singapore. Across a century, CBCBI has grown together with its employees, customers and partners since 1922 and will continue to move towards its vision of “Agile. Professional. Simple.” in adherence to the 4C (Culture, Customer, Collaboration, Cyberspace) core values while driving actively its missions to “create value for customers, seek happiness for employees, make profit for shareholders, perform responsibility for society”. More information about China CITIC Bank International can be found on its website at www.cncbinternational.com. Hong Kong Airlines Established

Media OutReach

Turning Losses into Profits: AI Drives Significant Revenue Growth for IGC

HONG KONG SAR – Media OutReach Newswire – 28 February 2025 – International Genius Company (hereafter referred to as “IGC“; Stock Code: 0033.HK) announced its interim results for the period ending December 31, 2024.Thanks to the application of AI-driven trading technology solutions, IGC’s tech-driven investment management services segment has achieved significant growth, turning losses into profits. During the reporting period, IGC witnessed a substantial increase in both revenue and profitability, with total revenue reaching HKD 142 million, a 38.4% year-on-year growth; gross profit of HKD 32.72 million, a 1,886% increase; operating profit of HKD 5.1 million and net profit of HKD 3.79 million, turning losses into profits. The Group’s overall operations have developed rapidly, and its financial condition has significantly improved. AI Trading Technology Delivers Significant Benefits By applying AI to trading technology, IGC has achieved rapid growth in new business revenue. During the reporting period, IGC’s tech-driven investment management services recorded revenue of HKD 35.16 million, becoming the most profitable business segment. Deep Neural Computing Company Limited (hereafter referred to as “DNCC”), a leading company in the research and application of AI, deep neural networks, distributed computing, and quantitative trading algorithms under IGC, has developed AI trading technology solutions that provide investment strategies and quantitative trading technology for customers. Since the successful acquisition of DNCC in 2024, the Group has significantly strengthened its tech-driven investment management services. In the past six months, DNCC has successfully deployed AI trading technology solutions for customers, not only generating stable revenue contributions but also demonstrating the huge growth potential brought by AI applications. “Technology-Driven + Innovative Cooperation Model” Strategic Transformation Gains Recognition Thanks to the application of AI trading technology, IGC has innovated its cooperation model with customers. While authorizing the use of AI trading algorithms to customers, IGC jointly discusses investment strategies and fee structures with them and customizes product structures according to customer needs, achieving the establishment of high-level, high-quality, and advanced investment strategy trading products at a low cost. The innovative cooperation model has been recognized by customers, and the AI trading technology solutions have achieved a win-win situation with customers. Since announcing its strategic transformation in 2024, IGC’s dual-driven approach of “technology-driven + innovative cooperation model” has also gained recognition from the capital market and investors. As the global financial market continues to develop, the role of AI and automation in improving investment decisions and optimizing trading strategies has become crucial. The application of AI in asset management has expanded from basic data analysis to enhancing risk management, market prediction, and real-time strategy execution, improving efficiency and returns. This will bring more market opportunities for IGC’s tech-driven investment management services. This year, IGC will further increase its investment and optimization in AI trading technology, researching the use of reinforcement learning and generative AI to further strengthen automated trading algorithms, and integrating cloud computing and blockchain technologies to improve scalability and security. In the market, IGC will focus on expanding its global market coverage, strengthening its business in Asian regions such as Hong Kong and Singapore, and exploring business opportunities in the United States and Europe. Hashtag: #InternationalGeniusCompany #IGC #Interim The issuer is solely responsible for the content of this announcement. International Genius Company The International Genius Company (IGC, stock code: 0033. HK) is a Chinese-led AI trading technology solution provider. With top AI R&D capabilities and quantitative trading experience, IGC strives to combine advanced technology with market insights, and is working to redefine financial asset trading through AI. Based on cutting-edge technologies such as neural networks and distributed computing and massive data analysis capabilities, IGC provides customized one-stop scalable AI trading technology solutions for investment institutions, asset management companies, family offices, etc.

Media OutReach

Hong Kong’s 2025-26 Budget Advances Innovation and Technology

HONG KONG SAR – Media OutReach Newswire – 28 February 2025 – Driving innovation and technology was a key focus of Hong Kong SAR’s Financial Secretary Paul Chan’s 2025-26 Budget. Identifying Artificial Intelligence (AI) as being at its core, Mr Chan said Hong Kong would leverage its competitive edge under the “one country, two systems” principle to become an international exchange and co-operation hub for the AI industry. The HKSAR Government will promote Hong Kong as an international exchange and co-operation hub for the AI industry. “Through frontier research and real-world application, we will endeavour to develop AI as a core industry and empower traditional industries in their upgrading and transformation,” he said. Financial Support As the latest effort, the Financial Secretary set aside HK$1 billion for the establishment of the Hong Kong AI Research and Development Institute, to spearhead and support Hong Kong’s innovative R&D as well as industrial application of AI. In terms of fund-raising for tech enterprises, the Hong Kong Exchanges and Clearing Limited is taking forward the establishment of a dedicated “technology enterprises channel” (TECH) to facilitate the relevant companies in preparing for listing applications, Mr Chan said. To foster smart manufacturing, the Financial Secretary set aside HK$100 million for the planned launch of the two-year Pilot Manufacturing and Production Line Upgrade Support Scheme (Manufacturing+) this year. Under Manufacturing+, the Government would provide funding of up to HK$250,000 each on a one-to-two matching basis to enterprises operating production lines in Hong Kong to support their formulation of smart production strategies and introduction of advanced technologies into existing production lines. Cultivating new high-tech outcomes to tackle economic challenges is a key focus of Hong Kong’s 2025-26 Budget. Fostering Frontier Research Mr Chan said the Hong Kong Space Robotics and Energy Centre, set up under the InnoHK Research Clusters, is aiming to develop a multi‑functional lunar surface operation robot, which will contribute to the country’s Chang’E‑8 mission. The Government has also started preparatory work for the establishment of the third InnoHK research cluster, which will focus on advanced manufacturing, materials, energy and sustainable development. International Exchange and Co-operation Hub To promote international exchange and co-operation on AI, Mr Chan revealed several high-level events to be hosted in Hong Kong. The Hong Kong Investment Corporation (HKIC) will host the first International Conference on Embodied AI Robot, gathering top‑notch technology enterprises, academic institutions and investors to showcase the latest R&D outcomes and application scenarios. To bring together top talents in the industry to study the development and application of AI, the HKIC will also host the first International Young Scientist Forum on Artificial Intelligence, promoting research of AI technology and its development as an industry. Other pro-innovation initiatives Meanwhile, the interdepartmental Working Group on Developing Low‑altitude Economy, established at the end of last year, is examining the applications for the first batch of Regulatory Sandbox pilot projects, with a view to expanding the scope of low‑altitude flying activities. The Government is also reviewing civil aviation legislation to enhance the regulatory regime in support of long-term development of the low‑altitude economy. At the same time, with Low Earth Orbit satellites being a new trend in global satellite development, Mr Chan said the Government was exploring a set of streamlined procedures for vetting licence applications for operating Low Earth Orbit satellites. Hashtag: #hongkong #brandhongkong #asiasworldcity #budget #ai #artificialintelligence https://www.brandhk.gov.hk/https://www.linkedin.com/company/brand-hong-kong/https://x.com/Brand_HK/https://www.facebook.com/brandhk.isdhttps://www.instagram.com/brandhongkong The issuer is solely responsible for the content of this announcement.

Media OutReach

Spackman Entertainment Group Returns To Profitability, Posting US$3.52 Million In Total Comprehensive Income For FY2024

The Group recorded US$3.52 million in total comprehensive income for FY2024 as compared to a total comprehensive loss of US$8.47 million for FY2023 The turnaround was mainly due to an increase of US$6.53 million in other income and gains, primarily driven by a US$5.96 million reversal of an impairment loss on the share of results of the Group’s 43.88%-owned associated company, Spackman Media Group Limited The reversal is attributable to the successful listing of Crystal Planet Limited, one of Spackman Media Group Limited’s subsidiaries, through a reverse takeover transaction on the TSX Venture Exchange SINGAPORE – Media OutReach Newswire – 28 February 2025 – Spackman Entertainment Group Limited (the “Group“), one of Korea’s leading entertainment production groups founded in 2011 by global media & technology investor Charles Spackman, wishes to announce that the Group returned to profitability, recording US$3.52 million in total comprehensive income for the financial year ended 31 December 2024 (“FY2024“) as compared to a total comprehensive loss of US$8.47 million for the financial year ended 31 December 2023 (“FY2023“). The turnaround was mainly due to an increase of US$6.53 million in other income and gains year-on-year to US$6.56 million for FY2024, which was primarily driven by the reversal of an impairment loss on the share of results of the Group’s 43.88%-owned associated company, Spackman Media Group Limited (“SMGL“), by US$5.96 million. This was in relation to the successful listing of Crystal Planet Limited, one of Spackman Media Group Limited’s subsidiaries, through a reverse takeover transaction on the TSX Venture Exchange, as announced by the Group on December 6, 2024. The Group’s wholly-owned indirect subsidiary Studio Take Co., Ltd. (“Studio Take“) released the Korean adaptation of the Taiwanese hit YOU ARE THE APPLE OF MY EYE on 21 February 2025 in Korean theatres. The romance film remake originally premiered at the 29th Busan International Film Festival in October 2024. Studio Take plans to release an upcoming film project titled THE GUEST, which is currently in post-production and tentatively scheduled for release in late 2025 or early 2026. The film is based on the short film with the same title directed by Yeon Je-gwang, which was invited to the 2016 Cannes Film Festival. To sustain the Group’s business operations amidst the current slowdown in the Korean movie industry, the Group plans to continue to streamline its existing operations, and explore new business initiatives as well as strategic alternatives. Hashtag: #SpackmanEntertainmentGroup The issuer is solely responsible for the content of this announcement. About Spackman Entertainment Group Limited Spackman Entertainment Group Limited (“SEGL” or the “Company“), and together with its subsidiaries, (the “Group“), is one of Korea’s leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. The Company was founded in 2011 by renowned media and technology investor Charles Spackman who served as the Company’s Executive Chairman until 2017. For the past two decades, Mr. Charles Spackman has been a powerhouse in the Korean entertainment industry starting in the early 2000’s with the pioneering success of Sidus Pictures, the largest movie production company at the time and the first to be listed in Korea. Mr. Spackman is also the Founder, Chairman and Chief Executive Officer of the global investment firm, Spackman Group. For more information, please visit charlesspackman.com and spackman-group.com/charles-spackman. Since its founding, SEGL had produced more than 30 major motion pictures including a number of the highest grossing and award-winning films in Korea, namely #ALIVE (2020), CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), SNOWPIERCER (2013), COLD EYES (2013) and ALL ABOUT MY WIFE (2012). Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. Generally, we release our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets. The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E. Production Labels SEGL owns a 100% equity interest in Studio Take Co., Ltd. (“Studio Take“) which produced STONE SKIPPING (2020) and THE BOX (2021). One of its films, A MAN OF REASON (2023), premiered in the US at the 42nd Hawaii International Film Festival. The film was also invited to the 47th Toronto International Film Festival, the largest film festival in North America, and the 55th Sitges Film Festival, one of the world’s top three genre film festivals. Produced by Studio Take, the Korean adaptation of the Taiwanese hit YOU ARE THE APPLE OF MY EYE premiered at the Korean theatres on 21 February 2025. The romance film remake originally premiered at the 29th Busan International Film Festival in October 2024. Studio Take shall also release an upcoming film, THE GUEST, which is at the post-production stage and scheduled to be released in the second half of 2025 or in 2026. The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST’S WAIL, a comedy horror film. Talent Representation The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (“SMGL“). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd., SBD Entertainment Inc., UAA&CO Inc. and Play Content Co., Ltd. Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of

Media OutReach

‘AI godfather’ sounds the alarm on growing risks in the AI race

HANOI, VIETNAM – Media OutReach Newswire – 28 February 2025 – The rise of powerful artificial intelligence (AI) like DeepSeek is transforming the world at an unprecedented pace, sparking enthusiasm and deep concerns about its potential risks. On that subject, “AI godfather” Yoshua Bengio – Laureate of the 2024 VinFuture Grand Prize – highlighted the urgent need for national and global efforts to regulate AI and ensure equitable benefits for all. “AI Godfather” and 2024 VinFuture Grand Prize Laureate Yoshua Bengio (left) warns global superpowers about the risks AI poses to humanity. Double-edged sword Since the beginning of 2025, the rise of DeepSeek has been described as a “black swan” moment creating a game-changing shift in an AI landscape almost overnight. It is a wake-up call showing that powerful AI can be achieved without exorbitant costs, challenging the prevailing “money equals progress” model. Regarding this, Yoshua Bengio, often regarded as “one of the godfathers of modern AI,” warned that its breakthrough in AI affordability could pose serious risks. “If open-weight AI models, like DeepSeek, are distributed completely, terrorists may exploit them for disinformation campaigns, cyberattacks, or even bioweapon development,” he stated in an interview with VinFuture Foundation. “This is a double-edged sword because while these systems become more available, cheaper, and more powerful, they also lower the barrier to misuse.” Yoshua Bengio, a pioneer in neural networks and deep learning algorithms, has been recognized with numerous prestigious international awards, including the 2018 A.M. Turing Award, the 2024 VinFuture Grand Prize, and most recently, the 2025 Queen Elizabeth Prize for Engineering. He emphasized that AI is evolving toward greater autonomy, with systems capable of planning and acting in pursuit of a goal. “Today, AI already surpasses humans in certain domains. It can master hundreds of languages and pass PhD-level exams across multiple disciplines“, he explained. Despite these current limitations in long-term planning abilities, major technology corporations have thrown billions of dollars into developing AI agents capable of autonomous decision-making over extended periods. While this promises efficiency gains, it raises concerns about large-scale job displacement. Beyond economic shifts, a far more critical issue looms – the loss of human control over AI. In controlled experiments, some AI systems have even engaged in deceptive behavior to prevent being shut down – a troubling sign of self-preservation tendencies. “This is alarming because we don’t want machines that will compete with us,” he emphasized. According to Bengio, while they are not yet intelligent enough to pose a major threat, this trajectory is concerning. “In a few years, they might be sufficiently smarter and we need to start paying attention before it is too late,” Bengio warned. Coupled with technical risks, AI presents a profound threat to privacy and civil liberties. Recently, a comprehensive International AI Safety report, chaired by Yoshua Bengio and compiled by 96 experts from 30 countries and organizations (including the UN, EU, and OECD) to guide policymakers on AI safety, revealed the growing potential for AI misuse in malicious activities. Bengio noted that AI’s ability to process vast amounts of data can empower individuals, corporations, or governments with unprecedented control. Given AI’s uncertain future, he shared that the way humans manage AIs in the future will be central to preventing this scenario. “We need to make sure that no single person, no single corporation, and no single government can have total power over super intelligent AI,” he emphasized. Advances by the Chinese startup DeepSeek could further intensify the AI race among superpowers, raising a worrying development in a field dominated by the Silicon Valley and large Western tech companies in recent years. “The danger here is that in their race to outpace each other, safety issues might be overlooked. We can be all the victims of this race if we are not careful enough,” Bengio cautioned. Moreover, the intensifying race is expected to drive profound environmental consequences, particularly in energy consumption. Major AI companies, pushed by the prospect of massive profits, are willing to absorb high energy costs. This surge in demand will inevitably drive-up energy prices across the board, including electricity, oil, and other resources, affecting not just tech firms but households and industries worldwide. This is where unchecked market forces and national competition could lead to global losses. “That is why government intervention is crucial. Policymakers must negotiate agreements that cap energy consumption at sustainable levels. Otherwise, the forces of competition between companies will only accelerate AI expansion in ways that are not just unsustainable but potentially dangerous,” Bengio urged. Bridging the AI divide The godfather of AI has raised urgent calls to establish robust ethical frameworks and regulatory measures to ensure responsible development and deployment. “Currently, there is essentially no regulatory framework almost anywhere in the countries where these systems are being developed. I think the governments have a responsibility to at least require a kind of reporting to them,” he said. Responsibility is another key aspect. In many countries, legal principles hold companies accountable for products that cause harm. However, when it comes to software, liability remains a grey area, according to Bengio. “Clarifying liability laws would be a simple but effective step. If companies knew they could face lawsuits for negligence, they would have stronger incentives to manage risks properly,” he asserted. He also emphasized that it would require a concerted effort from individuals and institutions who recognize the existential risks, like catastrophic malicious use. Elsewhere, concerns over job security and future employment opportunities loom. “The timeline for this shift is uncertain, but we could see radical transformations within five to ten years,” Bengio predicted. While some jobs will inevitably be replaced by automation, Bengio emphasized that not all professions are equally at risk. “Expanding digital and AI education is essential, but it will not be a universal solution. Not everyone can become an AI engineer,” he noted. Instead, roles that require emotional intelligence and human interaction, including healthcare professionals, therapists, and managers, are more likely to endure. Rather than individual adaptation, Bengio poses a larger

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CEA Drives Thailand’s Creative Industry Forward: Expanding Thai Music and Content into Asian and European Markets

BANGKOK, THAILAND – Media OutReach Newswire – 28 February 2025 – The Creative Economy Agency (Public Organization), or CEA, has revealed that Thailand’s music and content industries continue to experience sustained growth, aligning with the global expansion of the sector. To ensure that Thai artists and content creators can achieve lasting success on the international stage, CEA is set to launch two major flagship projects in 2025, building on their remarkable achievements of 2024. The ‘Music Exchange’ project aims to propel Thai artists onto global festival stages while attracting international event organizers and promoters to Thailand, creating invaluable opportunities for local musicians and businesses. Meanwhile, the ‘Content Lab’ initiative serves as a platform for Thai content creators to connect with investors both domestically and internationally, paving the way for commercial production. Additionally, it will focus on upskilling professionals in film, series, and animation, ensuring their expertise meets global standards and aligns with key target markets. These initiatives are expected to drive employment opportunities and contribute significantly to Thailand’s economic growth, further strengthening the country’s position in the international creative industry. CEA Drives Thailand’s Creative Industry Forward: Expanding Thai Music and Content into Asian and European Markets Dr. Chakrit Pichyangkul, Executive Director of the Creative Economy Agency, stated, “The creative content and media industries—encompassing music, film, series, and animation—continue to thrive globally, particularly in the digital streaming era, which have made access to entertainment more seamless than ever. Additionally, the full-scale revival of concerts, music festivals, and cinemas in the post-COVID era has further accelerated this growth. For Thailand, these industries are expanding in line with global trends. Currently, the music business in Thailand is valued at 3-5 billion baht, while the film, series, and animation industries are worth approximately 18 billion baht. This sector has been attracting growing interest from both audiences and investors, domestically and internationally. A testament to this momentum is the recent success of Thai films and series, which have not only generated impressive revenues but have also secured screenings at international film festivals. A standout achievement is the critically acclaimed film How to Make Millions Before Grandma Dies, known locally as Lahn Mah, which was recently selected as one of 15 films shortlisted to determine the five final nominees for the Best International Feature Film category at the Academy Awards 2024. This recognition reinforces the immense potential of Thai creators in these industries and their ability to compete on the world stage.” A crucial factor in propelling Thailand’s music and content industries towards global success lies in financial investment and sustained government support. This backing enables artists and content creators to produce high-quality work and consistently showcase their talent on the international stage. Countries that prioritize the development of their creative industries, such as South Korea, Japan, the United States, and the United Kingdom, have established dedicated agencies to support music businesses, screenwriters, and content creators. These agencies not only drive employment and attract foreign investment but also contribute significantly to measurable economic growth. Inspired by these successful models and recognizing the immense potential of Thailand’s music and content industries, the Creative Economy Agency (Public Organization), or CEA, has implemented the ‘Flagship Industries Project’ strategy within the Creative Content & Music sector. This initiative focuses on film, series, animation, and music, serving as a key economic driver that will generate substantial revenue for Thailand while solidifying the nation’s presence in the global creative economy. CEA continues to propel Thailand’s music industry forward and strengthen the Thai Music Wave through the Music Exchange project, which is built on two core activities: ● PUSH – Supporting Thai artists in securing performance slots at international music festivals, helping them expand their fan base and introduce their music to global markets. Notable participating artists include 4EVE, Alec Orachi, WIM, and Polycat. ● PULL – Inviting international music festival organizers and business stakeholders to witness live performances by Thai artists while facilitating business matching sessions to foster networking and commercial opportunities. This project is driven by the strategic development plan for Thailand’s creative music industry, with a focus on increasing economic value and propelling the industry onto the global stage. Beyond international exposure, CEA is committed to elevating the creative capabilities of Thai musicians, ensuring they remain competitive in the global arena (Strategy: Building Global Standard). Additionally, the initiative emphasizes music intellectual property protection (Strategy: Promoting Music IP) and aims to strengthen the music business ecosystem (Strategy: Strengthening Music Business Ecosystem), fostering diversity and long-term industry sustainability. Over the past year, Music Exchange has successfully showcased Thai artists in key markets such as Japan, China, and South Korea, forging connections with major global businesses. Throughout 2024, the project has supported over 70 performances by Thai artists, attracting 78 music festival organizers and industry professionals from Asia-Pacific, Southeast Asia, Europe, and the United States. These efforts have facilitated more than 300 business opportunities, boosting international visibility for Thai artists and reaching a global audience with 35 million views. In its mission to strengthen Thailand’s film, series, and animation industries, CEA has spearheaded the Content Lab initiative, designed to nurture and elevate Thai content creators from emerging talents to industry professionals. Through incubation programs, the initiative provides structured training courses tailored to both fundamental and advanced skills, ensuring that participants gain expertise relevant to the evolving demands of the content industry. Additionally, selected projects receive funding to develop their ideas into pilot projects, which can then be pitched to film studios and potential investors. A key highlight of the initiative is the launch of Thailand’s first-ever ‘Content Project Market’—a dedicated marketplace where participants from incubation Programs, as well as independent content creators, can showcase their projects to investors, paving the way for commercial production. In 2024 alone, Content Lab successfully upskilled over 288 participants, empowering them with essential content creation expertise. Moreover, one of the projects that received funding for pilot project development from Content Lab 2023, the film ‘Happy Monday(s)’ or Sawasdee Wan Jan(s) [สวัสดีวันจันทร์(ส)], has successfully transitioned into full-scale production.

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