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Investment & Market Trends

OB Holdings Berhad Posts RM12.7M Revenue for 2QFY25

KUALA LUMPUR: Recently-listed OB Holdings Berhad (“OB Holdings” or the “Company”) (“东盛控股公司”), a provider of fortified food and beverage (F&B) and dietary supplement manufacturing services, has announced its financial results for the second quarter (“2QFY25”) and six months ending 31 May 2025 (“1HFY25”). 2QFY25 Financial Highlights Revenue: RM12.7 million, a 5.5% QoQ increase from RM12.0 million in 1QFY25. Segment Contributions: Manufacturing Services: RM7.5 million (59.1% of total revenue) Sales of House Brands Products: RM3.9 million (30.8%) Trading of Milk Powder and Other Activities: RM1.3 million (10.1%) Profit After Tax (PAT): RM0.3 million, with an adjusted PAT of RM1.4 million after excluding a one-time listing expense of RM1.2 million. Adjusted PAT margin improved to 11.3% (reported PAT margin: 2.0%). 1HFY25 Highlights Revenue: RM24.7 million. Adjusted PAT: RM3.0 million, reflecting an adjusted PAT margin of 12.0%. Dividend: The Board declared a first interim single-tier dividend of 0.12 sen per share. Operational Updates and Strategic Plans Managing Director Mr. Teoh Eng Sia (张英聲先生) remarked: “Our performance reflects the resilience of our capabilities and the steady demand for our manufacturing services and house brand products. With growing consumer awareness of healthier lifestyles, we see immense opportunities in the fortified F&B and dietary supplements markets, driven by increasing disposable incomes, urbanization, and an ageing population.” To capitalize on this market potential, OB Holdings is advancing several key initiatives: Serendah Factory Expansion: The new facility, set to begin commercial operations in the first half of 2026, will significantly enhance production capacity to meet growing demand. R&D Laboratory: A new laboratory will strengthen research and development efforts, driving innovation and enabling the creation of high-quality, consumer-focused house brand products. Social Media Marketing: Leveraging social media to raise awareness about the benefits of fortified F&B and dietary supplements, further broadening market reach. By combining robust manufacturing capabilities, innovative product development, and effective marketing strategies, OB Holdings is well-positioned to strengthen its market presence and sustain long-term growth.

Investment & Market Trends

DXN Reports Record RM92.8M Quarterly Profit, Up 18.4% YoY

CYBERJAYA: DXN Holdings Bhd. (“DXN” or the “Company”) [德信控股], a leading global manufacturer of nutraceutical products, has released its financial results for the third quarter (“3QFY25”) and nine months ending 28 February 2025 (“9MFY25”) for the Company and its subsidiaries (“DXN Group” or the “Group”). 3QFY25 Highlights Revenue Growth: Increased 8.0% YoY to RM486.1 million (3QFY24: RM450.3 million), driven by stronger sales in Latin America and the Middle East, supported by effective product promotions and member engagement initiatives. EBITDA: Rose 17.5% YoY to RM158.0 million (3QFY24: RM134.5 million), with EBITDA margin improving to 32.5% (3QFY24: 29.9%) due to cost optimization and operational efficiency. Net Profit: Achieved a record-high net profit of RM92.8 million, up 18.4%, marking the highest quarterly net profit in the Group’s history. Datuk Lim Siow Jin (拿督林孝仁), Executive Chairman and Founder of DXN, stated: “DXN continues to experience strong demand across key markets, particularly in Latin America and the Middle East. Our strategic marketing and member engagement efforts have boosted sales momentum, with our extensive member network playing a vital role in expanding market reach. Looking ahead, we aim to strengthen our global footprint, enhance production capabilities, and expand into high-potential markets to solidify our position further.” 9MFY25 Key Metrics Revenue: Increased 8.8% YoY to RM1.45 billion (9MFY24: RM1.33 billion), driven by strong sales in Peru, Bolivia, and Turkey. EBITDA: Grew 7.6% YoY to RM435.4 million (9MFY24: RM404.5 million). Net Profit: Increased 5.3% YoY to RM244.3 million (9MFY24: RM232.0 million). Dividend Declaration DXN’s Board of Directors declared a third interim dividend of 1.0 sen per share for 3QFY25, bringing total dividends for 9MFY25 to 2.7 sen per share. Over the past four quarters, total dividends declared amounted to 3.7 sen per share, representing a dividend yield of 7.3%. Strong Financial Position Cash and Cash Equivalents: RM696.2 million as of 30 November 2024, significantly exceeding total borrowings of RM134.2 million. Net Operating Cash Flow: RM79.2 million generated in 3QFY25. With a robust balance sheet and strong cash flow generation, DXN is well-positioned to capitalize on future opportunities, reward shareholders, and strengthen its financial resilience. Looking Ahead DXN remains focused on market expansion, product innovation, and operational efficiency, ensuring sustained growth and profitability for FY2025 and beyond.

Property

Gamuda Appointed Main Contractor for RM8 Billion Penang LRT Mutiara Line

KUALA LUMPUR: Gamuda Bhd (KL:GAMUDA), through its consortium, has secured the contract for the first civil works package of the Penang Light Rail Transit (LRT) project. The contract, valued at RM8.31 billion, marks a significant milestone for the long-awaited infrastructure project. SRS Consortium Sdn Bhd, a joint venture with Gamuda holding a 60% stake, will oversee the construction of the Mutiara Line. Spanning 24 kilometers from Komtar in George Town to Island A of the Penang South Reclamation (PSR) project, the line will include 19 stations and other related facilities. Expediting the Project Implementation “This contract aims to simplify and accelerate the initial execution of the project,” said Transport Minister Anthony Loke Siew Fook during the signing ceremony. The project is expected to ease Penang Island’s persistent traffic congestion. Once the notice to proceed is issued, Gamuda will have six years to complete the project. Loh Phoy Yen Holdings Sdn Bhd and Ideal Property Development Sdn Bhd each hold 20% stakes in SRS Consortium, while MRT Corporation Sdn Bhd (MRT Corp) acts as the developer and asset owner for the Mutiara Line. Future Tender Packages The tender for the second civil works package, which will connect Macallum Station in George Town to Penang Sentral in Seberang Perai, is scheduled for July, with the award expected by early next year. The third package, a turnkey systems contract, will cover design, construction, and maintenance of the railway systems. The Mutiara Line will ultimately feature 21 stations over 29.5 kilometers. However, the final land acquisition costs remain undecided. Federal Government Takes the Lead The federal government officially assumed responsibility for the project in March 2024, transferring ownership from the state government. MRT Corp, fully owned by the Minister of Finance Incorporated, will manage the project, which will be executed through an open tender process. Datuk Mohd Zarif Hashim, CEO of MRT Corp, highlighted that the direct project management approach would ensure seamless coordination and integration across various work packages. Priority will also be given to Penang-based subcontractors, creating local job opportunities and strengthening the supply chain. Additionally, the federal government has mandated that 40% of subcontracts be allocated to Bumiputera companies, reaffirming its commitment to equitable participation. Gamuda’s Commitment Gamuda views this award as recognition of its technical expertise and proven track record in delivering complex infrastructure projects. “The Mutiara Line is transformative for Penang’s public transportation. We are dedicated to delivering the project within budget and on time, enhancing connectivity and supporting Penang’s broader transportation master plan,” Gamuda stated. The completion of the Mutiara Line is set to significantly improve mobility, contributing to the state’s economic growth and alleviating traffic congestion across Penang Island.  

Media OutReach

HK Accident Lawyers Launches Free Consultation Hotline for Traffic Accident Victims Assistance Scheme Applications

HONG KONG SAR – Media OutReach Newswire – 28 January 2025 – To assist traffic accident victims in understanding the application process for the Traffic Accident Victims Assistance Scheme (commonly referred to as “車手獎”), HK Accident Lawyers has officially launched a Free Consultation Hotline. Through this service, users can fill out a simple form, and our professional team will respond within one working day to provide guidance on common questions regarding the application process. Hotline Details HK Accident Lawyers aims to provide traffic accident victims with free information and support to help them navigate the application process for the Traffic Accident Victims Assistance Scheme. It is important to emphasize that we only provide information and guidance; we do not submit applications or handle any application matters on behalf of users. All communication and interactions with the Social Welfare Department must be handled directly by the applicant. With this hotline, we offer: Explanation of the basic requirements and procedures for applying for the Traffic Accident Victims Assistance Scheme. Guidance on how to prepare the necessary documents and information. Answers to common questions about the application process. Due to recent media coverage of the Traffic Accident Victims Assistance Scheme, we anticipate an increase in inquiries, which may lead to slightly delayed response times. We appreciate your understanding and patience as we strive to provide the most professional and efficient service to every user. Important Disclaimer HK Accident Lawyers serves solely as an impartial platform providing information. We do not provide legal advice, and the information shared through the hotline does not constitute legal guidance or professional opinion. Our role is to assist users in understanding the application process, and the final responsibility for application results lies solely with the applicant. Hashtag: #HKAccidentLawyers #TrafficAccidentVictimsAssistanceScheme The issuer is solely responsible for the content of this announcement. About HK Accident Lawyers HK Accident Lawyers is dedicated to providing traffic accident victims with free legal information and lawyer-matching services, helping them connect with suitable professional lawyers to safeguard their rights. In addition to launching the Traffic Accident Victims Assistance Scheme hotline, we offer a wide range of traffic accident resources and support services, striving to be a trusted partner for the public. For more details or to use the free consultation hotline for the Traffic Accident Victims Assistance Scheme, please visit: HK Accident Lawyers – Traffic Accident Victims Assistance Scheme

Media OutReach

Slither into Savings with iShopChangi’s Lunar New Year Bonanza in Singapore

Kick off the Year of the Snake early with iShopChangi as it rolls out a dazzling array of deals on Lunar New Year essentials. Avoid the festive frenzy and enjoy unbeatable discounts of up to 60% on everything you need to usher in prosperity and joy. From gourmet treats and traditional “Nian Huo” to spring cleaning supplies, exquisite liquors, and fashionable finds, celebrate with flair from now through February at your ultimate online shopping destination. SINGAPORE – Media OutReach Newswire – 28 January 2025 – From now to 28 February 2025, travellers and non-travellers can wrap themselves in savings while diving into the spirit of the Lunar New Year on iShopChangi. Revel in a parade of premium selections across categories like gourmet food, fine liquors, home essentials, and more, featuring top brands such as Kinohimitsu, Dyson, Hennessy and Sulwhasoo. Plus, with gift-wrapping services and on-demand delivery, celebrating in style is made effortless. Celebrate the Year of the Snake and skip the crowds by shopping online without tax, whether flying or not. Kick off the Year of the Snake early with iShopChangi as it rolls out a dazzling array of deals on Lunar New Year essentials. Wrap Yourself in Lunar Prosperity Delight in a carefully selected assortment featuring renowned brands, from top-tier or award-winning skincare like Sulwhasoo and Ble De Fonty, to sought-after liquors and cutting-edge home and living gadgets from Dyson. Whether updating home decor for festive gatherings or selecting gifts, iShopChangi offers luxury and local favourites to suit every preference—ensuring a prosperous start to the Year of the Snake. Ready to discover incredible deals? Secure these exclusive promo codes for exceptional savings! Lunar New Year Sale (For Non-Travellers and Travellers) From now till 28 February 2025 Code Description 25CNY10 10%* off with no min. spend, capped at S$28 25CNY15 15%* off with min. spend S$550, capped at S$118 *T&Cs and product exclusions apply. Refer to https://www.ishopchangi.com/en/campaigns/cny-2025 for full terms and conditions. Festive Feasts for New Year Celebrations Ready your home for Lunar New Year gatherings with crowd-pleasing delights. Take home the [Bundle of 4] Kinohimitsu Abalone in Brine Soup, featuring superior Japanese abalone for S$48.80, down 46%. Set the snack table with Mdm Ling Bakery’s SET C – 2024 CNY Cookies, which include Premium Pineapple Balls and more, all in vibrant, floral gift boxes for S$91.20. For a traditional touch, choose Shermay’s Singapore Fine Food [Bundle], which combines Prawn Keropok, Keropok Fries, and Fish Packet, perfect for festive sharing that’ll keep the party going at S$21.88. Boost your celebrations with the [Bundle of 3] Lao Xie Zhen Premium Ginseng Essence, a revitalising mix of White and American Ginseng, perfect for gifting or self-care, priced at S$218.24 after a 37% discount. Turn Heads with Limited Edition Beauty Finds Elevate any celebration with a touch of luxury with the [CNY Limited Edition] SULWHASOO First Care Activating Serum VI 90ml Duo, designed to awaken your skin’s radiance, available now for S$178. Follow the magic pearls to the GIORGIO ARMANI My Way Eau De Parfum Holiday Set, where bergamot meets Egyptian orange blossom in a luminous start, complemented by a heart of Indian tuberose and jasmine, all for S$198.90 with a 10% reduction. New Year, New Look Spice up your look this Lunar New Year with the Marc Jacobs The Leather Micro Bucket Bag in True Red, crafted from full grain leather, now just S$399 after a 47% discount. Alternatively, enhance your style further with the TORY BURCH Kira Chevron Chain Wallet in Desert Dune, offering a leather shoulder guard for added comfort, available for S$575 after a 14% discount. To elevate your ensemble further, adorn yourself with the CHOW TAI FOOK 999.9 Pure Gold Necklace – Zodiac Snake, featuring 999 pure gold and a complimentary bracelet cord, available for S$1080 with a 10% reduction. Complete your festive attire with Naga Earrings by Bohème, inspired by divine half-human, half-serpent beings, priced at S$238. Men can enhance their sporty style with the Breitling Endurance Pro, a lightweight sports chronograph designed for both athleticism and casual wear, now available for S$4990.91. Prep for Prosperity & Up Your Game Prepare for the new year with the Dyson V12 Detect Slim Fluffy, expert at capturing dust, animal hair, and allergens—ensuring a spotless home environment. Get it now for just S$799, after an 11% discount. Simplify your cleaning with the Airbot Robotic Vacuum Cleaner X40 Ultra, perfect for maintaining freshness effortlessly, available for S$880.64 after a massive 63% discount. Of course, celebrating the new year means endless entertainment! Keep post-dinner fun alive with the [FREE SAME DAY DELIVERY] Nintendo Switch (OLED Model) Consoles + Hard Case With Clear Screen Protector, yours for S$369. Also, make any space a concert hall with the Bose SoundLink Flex II Bluetooth Speaker, delivering big, bold sound in a compact form—ideal for bringing the party anywhere, available now for S$209.17. Celebrate with Spirited CNY Toasts Elevate your Lunar New Year gatherings with the Hennessy XO 700ML CNY 2025 40%, featuring a deluxe decanter in red and purple, adorned with gold floral and snake-inspired motifs. Encased in a premium 100% recyclable box, it’s a tribute to the Chinese New Year, available for S$300. Complement the celebration with Benriach The Twelve (Snake – LNY Limited Edition), a richly sherry-matured single malt with notes of baked fruit and spiced mocha, now just S$112, thanks to a 25% discount. Round off the toast with COURVOISIER XO Royal CNY 40% 700ML, a regal cognac inspired by the illustrious blends served at royal feasts, now available for S$379.80. Polish your Lunar New Year gifts with exclusive gift-wrapping services* to add a sophisticated touch. Choose from a selection of elegant gift boxes to make your presents even more special for just S$5. And for those urgent gifting needs, take advantage of rapid On-Demand Delivery—order by 5PM (Monday – Saturday) and receive your items within just 2 hours, with a reduced delivery fee of S$10 (from S$20) till the end of February. Celebrate New Beginnings with iShopChangi Kick off the

Media OutReach

ONYX Hospitality Group Expands the Amari Brand with Exciting New Openings Across Sri Lanka, Laos, and Thailand

BANGKOK, THAILAND – Media OutReach Newswire – 28 January 2025 – ONYX Hospitality Group, Thailand’s leading hospitality management company, is delighted to announce the opening of its latest property and unveil upcoming additions to its Amari portfolio for 2025. The new properties in Sri Lanka, Laos, and Thailand exemplify Amari’s dedication to enriching guest experiences, offering distinctive design, exceptional service, and a deep connection to local culture and stories. Known for its vibrant warmth and contemporary style inspired by Thai roots, the Amari brand continues to redefine luxury by blending modern elegance with authentic cultural charm. Amari Colombo, Sri Lanka – Now Open – A Gateway to Sri Lanka’s diverse culture and stunning landscapes Amari Colombo has proudly opened its doors in the vibrant heart of Sri Lanka’s capital, offering a perfect fusion of modern comfort and the rich heritage of traditional Sri Lanka. With 167 spacious rooms, the property caters to both leisure and business travellers, serving as a gateway to Sri Lanka’s vibrant culture, beautiful landscapes, and hidden gems. Key highlights of Amari Colombo include a stunning rooftop pool that offers panoramic views of the vibrant cityscape, dynamic dining options such as Ahāra, which features sustainable seafood prepared with innovative flair, and Prego, the celebrated Italian restaurant making its debut in Sri Lanka. The hotel also features premium lounges and bars like The Chancellor, known for its exquisite mixology, and Club Pahana, an exclusive executive lounge delivering exceptional culinary and beverage experiences. Amari Colombo is ideally located for those eager to explore the cultural richness of Sri Lanka’s capital. Positioned near the stunning Gangaramaya Temple and vibrant Victoria Park, guests can easily access some of Colombo’s most iconic landmarks. This prime location perfectly complements the warm, inviting Amari hospitality, making it an ideal base for those looking to immerse themselves in the city’s dynamic atmosphere whilst creating unforgettable moments. For more information: www.amari.com/colombo Amari Vientiane, Laos – Scheduled to open March 2025 – Upper Upscale hotel offering full-service amenities, overlooking the Mekong River Amari Vientiane, set along the serene banks of the Mekong River, is poised to become a standout destination for travellers seeking luxury and cultural immersion. The hotel features 248 meticulously designed rooms and suites, blending modern Lao and Thai aesthetics to create a sophisticated and inviting retreat. Each space offers breathtaking views, whether of the tranquil Mekong or the dynamic cityscape, setting the stage for relaxation and exploration. Conveniently located just 4.8 kilometres from Wattay International Airport, Amari Vientiane ensures seamless access for leisure and business travellers alike. Guests can delight in an array of world-class amenities, including a rooftop restaurant, the signature Breeze Spa, and the highest executive club lounge in the capital offering stunning panoramic views. The hotel serves as a perfect starting point for discovering the city’s rich heritage, vibrant markets, and hidden gems. Whether strolling along the riverbanks or delving into Vientiane’s cultural landmarks, Amari Vientiane provides an ideal base for an unforgettable journey into the heart of Laos. For more information: Amari Vientiane Laos Amari The Tide Bangsaen – Scheduled to open May 2025 – A beachfront retreat in Thailand, just over an hour from Bangkok, offering breathtaking coastal views Amari The Tide Bangsaen reimagines The Tide Resort, offering a serene beachfront escape in Chonburi Province, Thailand—an area undergoing significant growth, particularly in tourism. Situated directly opposite Bangsaen Beach, the hotel combines tranquillity with convenience, just over an hour from Bangkok and 45 minutes from Pattaya. Its location provides easy access to local attractions, shops, and restaurants, making it an ideal retreat for leisure and business travellers alike. The property features 154 stylish rooms and suites, catering to families, couples, and solo adventurers. Guests can enjoy culinary delights at the Amaya restaurant, which serves a mix of Thai and international cuisine, and the Aloha Beach Café, offering a relaxed beachfront dining experience. Designed for relaxation and recreation, the hotel includes a signature spa, fitness centre, swimming pool, and kids’ club. For business and event travellers, versatile meeting spaces accommodate up to 900 participants. Bangsaen Beach is a serene and charming coastal escape, offering a relaxing atmosphere with long stretches of golden sand and tranquil waters, ideal for sunbathing and leisurely strolls. The beach is bordered by palm trees and backed by a lively promenade, where visitors can enjoy local seafood and relax in the nearby cafes and restaurants. With its prime location, exceptional facilities, and commitment to hospitality, Amari The Tide Bangsaen promises an unforgettable experience for all guests. Existing Portfolio Updates – Amari Koh Samui – New Swimming Pool at the Garden Wing and New Room Categories Alongside the new and upcoming openings, ONYX Hospitality Group remains dedicated to elevating guest experiences by continually enhancing its existing portfolio. The highly acclaimed Amari Koh Samui is proud to announce the completion of a stunning new swimming pool in the resort’s Garden Wing. Thoughtfully designed to exude both sophistication and tranquillity, this latest addition enhances the resort’s family-friendly charm while reaffirming its commitment to delivering exceptional facilities and unforgettable stays. As the third dedicated pool at the resort, each uniquely tailored to its respective wing, this new feature solidifies Amari Koh Samui’s reputation as a premier destination for relaxation and memorable stays. The new pool will be further enhanced by the upcoming addition of a range of child-friendly aqua toys, designed to captivate younger guests. Offering idyllic views of the new swimming pool, Amari Koh Samui is also elevating its guest offerings with the introduction of updated room categories in the Garden Wing. Guests can now select from Superior Pool Side, Superior Pool View, and Superior Garden View rooms, each offering unique views and convenient access to the new pool and lush gardens, ensuring a seamless and comfortable stay. In addition, launching in May 2025, the new Tropical Pool Side Connecting Rooms offer the perfect mix of privacy and togetherness for families and friends. These rooms feature connecting doors for seamless access, balconies with tranquil views of the pool and

News

DeepSeek’s AI Assistant Surpasses ChatGPT as Top-Rated Free App

A newly launched AI model called DeepSeek, developed by a China-based startup, is causing a major stir in the U.S. tech industry. The reason? It’s outperforming Big Tech’s AI heavyweights while reportedly operating with significantly less funding and fewer technological resources. Here’s how DeepSeek is shaking up the AI landscape and why it’s being compared to OpenAI’s flagship model, ChatGPT. When it comes to AI outputs, user preferences will always depend on specific use cases, and DeepSeek isn’t without its shortcomings. For example, some users have reported that answers on its hosted chatbot are censored due to Chinese government regulations. However, what sets DeepSeek apart is its commitment to openness—something OpenAI initially promised with ChatGPT but never fully delivered. Unlike ChatGPT, DeepSeek released its R1 model as open-source. This allows anyone to download and run the model locally on their own device, ensuring complete data privacy. Even the company acknowledges that users can bypass censorship or bias by tweaking the open-source code. DeepSeek also stands out for its affordability. While OpenAI reportedly spends tens of millions of dollars to train each model, DeepSeek claims to have trained its R1 model for just $5.5 million. This cost efficiency translates to significantly lower pricing for users. API access for DeepSeek-R1 starts at just $0.14 per million tokens (approximately 750,000 words). In comparison, OpenAI charges $7.50 per million tokens for its GPT-4 model. The stark difference in pricing could make DeepSeek a highly attractive alternative for both individuals and businesses. While ChatGPT continues to excel in areas such as conversational flow, creative writing, and staying updated on current events, DeepSeek is earning high praise for its technical capabilities. Tasks involving logical reasoning, coding, and complex mathematical equations are where DeepSeek seemingly outshines OpenAI’s model. For general queries, however, both models appear to perform on a similar level. But even parity spells trouble for OpenAI. DeepSeek offers its model entirely free for many use cases, while ChatGPT’s premium tier costs $20 per month. For businesses reliant on AI API access, the pricing gap between two comparable models may be a game-changer. If DeepSeek can deliver similar or better performance at a fraction of the cost, it could drive companies to transition away from OpenAI’s ChatGPT. With its open-source ethos, affordability, and technical strengths, DeepSeek is positioning itself as a serious competitor in the AI race—one that Big Tech can no longer ignore.

Amy Lee, Senior Vice President of Finance, MICE, People & Culture
The Executives

HTT’s Approach to Safer, Smarter Travel for Women in Business

At a time when the needs of female business travellers are becoming more specific and diverse, Holiday Tours & Travel (HTT) is stepping up to ensure that every journey is tailored to provide safety, comfort, and convenience. In a recent interview with The Exchange Asia, Amy Lee, Senior Vice President of Finance, MICE, People & Culture at HTT, shared her insights into how the company is addressing the unique travel challenges faced by female professionals, particularly those in the corporate world. HTT’s approach to travel for female executives goes beyond the ordinary. “At HTT, we understand that the needs of female professionals differ from those of other travellers,” says Amy Lee. “We’re committed to providing a travel experience that prioritises safety, wellness, and overall convenience.” One of the company’s key initiatives is recommending wellness-oriented accommodations that feature robust security measures, such as well-lit premises and 24-hour concierge services. Amy elaborates, “We ensure that our female travellers stay in environments that not only offer peace of mind but also cater to their well-being, such as access to fitness centres and wellness facilities.” Additionally, HTT integrates cultural and religious considerations into its offerings, providing halal meal options and access to prayer spaces, making sure that female professionals feel respected and supported during their trips. “Our tailored itineraries, which can be adjusted according to the specific needs of female executives, ensure that every journey is comfortable and aligned with personal preferences,” Amy adds. HTT goes a step further with its Travel Safety Promise, a key feature of their services that ensures travellers’ safety from the start of their journey to their return home. “We have dedicated teams working 24/7, both locally and internationally, to provide support and ensure that every step of the journey is secure,” says Amy. “We pride ourselves on offering real-time assistance to address any crises or unforeseen situations.” Measurable Impact on Client Satisfaction and Retention The impact of HTT’s initiatives on client satisfaction has been substantial, particularly among female executives who frequently travel for business. “We consistently receive positive feedback from female travellers who value our focus on their safety, convenience, and overall comfort,” Amy shares. “Our approach not only enhances their travel experience but also improves their engagement and productivity.” Amy mentions that HTT uses tools such as Net Promoter Score (NPS) surveys to measure client satisfaction. “The feedback from female executives has been overwhelmingly positive. Many clients appreciate our tailored approach, especially when it comes to offering flexible itineraries, wellness facilities, and accommodations with enhanced security features,” she notes. As a result, client retention rates have soared. “When female executives feel valued and supported throughout their travels, they’re more likely to stay loyal to their organisations and, by extension, to us,” Amy adds. Bridging the Gap in Corporate Travel Policies Despite the growing recognition of female travellers’ needs, Amy believes there is still a significant gap in many corporate travel policies. “Traditional corporate travel policies often focus on logistics and cost-efficiency, but they don’t take into account the specific safety concerns and well-being of female professionals,” she says. HTT is working closely with corporate clients to address this gap. “Our role is to review existing corporate policies, identify opportunities for improvement, and then propose solutions that prioritise the safety and comfort of female travellers,” Amy explains. “For instance, we recommend accommodations with enhanced safety features, incorporate wellness services into travel programmes, and ensure that all travel itineraries are tailored to reduce stress and increase productivity.” HTT also ensures that corporate clients understand the importance of a more inclusive and supportive approach to travel. “When corporate travel policies include well-being considerations, it shows that companies truly care about their employees, which boosts loyalty and satisfaction,” says Amy. The Role of Trusted Partnerships in Enhancing Travel Experiences One of the pillars of HTT’s success is its strong partnerships with trusted travel suppliers. “We carefully evaluate and select travel suppliers who meet the highest standards of safety, quality, and service,” Amy shares. “Our extensive network of global partners ensures that female travellers have reliable, on-the-ground support in every destination.” Maintaining these relationships is key to HTT’s ongoing success. “We work closely with our suppliers, constantly reviewing performance, gathering feedback, and ensuring that our partners align with our core values of safety and traveller well-being,” Amy says. “By fostering these strong, collaborative partnerships, we ensure that female professionals have a seamless, worry-free travel experience.” Leveraging Technology to Enhance Safety and Efficiency HTT has embraced technology to further enhance the safety and efficiency of corporate travel. Amy discusses how real-time alerts play a crucial role in providing female travellers with up-to-date information on potential risks. “With our technology, female travellers are notified about changes in local conditions, safety concerns, or travel disruptions. This empowers them to make informed decisions and adapt their plans accordingly,” she says. Through HTT’s Online Booking Tool (OBT) and partnerships with services like International SOS, the travel planning process is streamlined while embedding essential safety considerations. “Our 24/7 crisis management team ensures that female travellers can get immediate assistance should they face any challenges during their trips,” Amy adds. The Future of Inclusive Travel Policies For businesses looking to integrate inclusive travel policies, Amy offers some practical advice. “It starts with a comprehensive review of existing policies to identify gaps. From there, companies should work with travel experts, like HTT, to develop traveller-centric solutions,” she says. “It’s also essential to communicate that inclusive travel policies are not just about meeting basic needs; they reflect an organisation’s commitment to supporting its employees’ well-being.” Amy acknowledges that there are challenges in implementing these policies, such as resistance to change and balancing diverse needs. “However, with the right tools and partnerships, companies can overcome these challenges and ensure that their travel policies align with the evolving expectations of today’s workforce,” she concludes.

Tay Sze Tuck, General Manager of Nippon Paint Malaysia.
Property

Nippon Paint Malaysia Projects Steady Growth in 2025, Boosted by Infrastructure and Construction Demand

In the second half of 2024, Malaysia’s construction industry sustained its momentum with a robust 20% growth , a strong resurgence from 2023 driven by a surge in infrastructure projects, public and private investment and a rebound in tourism.  Aligning with industry trends, Nippon Paint Malaysia Sdn Bhd anticipates steady growth in the construction sector in 2025, fuelled by large-scale infrastructure projects, increased investments in industrial facilities and a growing demand for residential buildings. Government policies on infrastructure, manufacturing, digitalisation and sustainability have positively impacted Malaysia’s construction sectors, attracting foreign and domestic investment. Major infrastructure projects, such as the East Coast Rail Link (ECRL), Rapid Transit System (RTS) Link, Pan Borneo Highway and the expansion of data centres by global tech giants like Amazon Web Services (AWS), Microsoft and Google, are set to play a pivotal role in boosting the sector.  In addition, the rising demand for affordable housing, spurred by government initiatives under Budget 2025, has driven significant growth in the residential buildings’ subsector. This momentum is expected to carry into 2025, creating ongoing opportunities for developers and industry players. “As Malaysia embarks on these exciting projects, the construction industry must adopt innovative solutions and foster close collaborations to remain resilient and competitive. For the past two years, Nippon Paint has secured more than 100 Total Coating & Construction Solutions (TCCS) projects, and we anticipate further growth in 2025, reflecting the industry’s trust in our construction solutions,” said Tay Sze Tuck, General Manager of Nippon Paint Malaysia. Nippon Paint’s TCCS continues to push boundaries by offering comprehensive solutions for industrial, infrastructure and residential developments—from bare concrete surfaces to final finishes, including drymix solutions, waterproofing solutions, flooring solutions, architectural coatings, protective coatings and sealant adhesive filler.  Nippon Paint has identified a few key strategic areas of focus for 2025:  Addressing the Challenges of Malaysia’s Ageing Buildings Nippon Paint anticipates that refurbishments for residential buildings will be a growing segment for construction activities in 2025. Malaysia’s ageing buildings present a critical need for refurbishment, as many structures face issues such as structural safety risks, loss of property value, air quality and deteriorating aesthetics, with water leakages being one of the primary sources of these problems.  These problems threaten the integrity of the buildings and affect their functionality, value and appeal.  However, the industry acknowledges that residential properties continue to face challenges brought on by budget constraints when it comes to refurbishment, as it is often a costly endeavour.  “We find that building management often relies on cheap, temporary solutions rather than addressing waterproofing issues at their root which increases long-term cost,” said Tay. “When it comes to building refurbishment, Nippon Paint Malaysia’s Total Coating and Construction Solutions (TCCS) addresses these challenges by working closely with the building management, offering expert inspection services and tailored budget planning. TCCS prides itself on its excellent workmanship and materials know-how as we focus on providing customised compatible system solutions for a specific problem.” “When building owners neglect the root causes of water leakage, recurring issues and escalating maintenance costs often follow. Nippon Paint Malaysia is at the forefront of advancing waterproofing technologies, offering innovative rewaterproofing and repainting solutions. Designed to provide long-term protection, Nippon Paint’s comprehensive waterproofing systems minimise the need for frequent repairs and maintenance, ensuring lasting durability and offering property owners peace of mind.” he added. Industrial property boom expected in 2025 Several factors are contributing towards an industrial property boom in Malaysia. Malaysia’s manufacturing sector remains a key driver of the economy, recording a 5.3% expansion in the third quarter of 2024. ASEAN has set its sights on building economic resilience through enhanced supply chain connectivity, which is expected to lead to the establishment of more local manufacturing hubs. Additionally, Malaysia is strategically positioning itself as a regional data centre hub, creating opportunities for more data centres to set up operations in the country.  Nippon Paint believes that prospects for the manufacturing and data centre sectors are on a path of sustainable growth in 2025. The company is committed to becoming the leading coating and construction solutions provider for the anticipated industrial property boom. Industrial properties, particularly those in the manufacturing sector, must adhere to strict construction compliance codes. These codes address critical aspects such as structural safety, durability, and most importantly, occupational and hygiene.  To address these challenges, Nippon Paint is investing heavily in advanced flooring solutions that enhance durability, safety, and aesthetic appeal.  “Flooring, though often overlooked in construction, represents a significant and underappreciated market,” said Tay. “An expert understanding of high-quality flooring coatings plays a critical role in enhancing the durability and safety of industrial buildings. From industrial flooring for production facilities, chemical plants to food-safe options for food processing and cold storage as well as anti-static solutions for data centres and semi-con, these solutions are essential to ensuring industrial properties comply with current standards.” Nippon Paint’s Overall Outlook 2025 “With the industry’s primary focus on transformative infrastructure and industrial projects, we see immense opportunities to support both government and private sector initiatives.” “We remain committed to strengthening collaborations and expanding our footprint in refurbishment, industrial, infrastructure and residential developments, offering compatible system solutions for long-term durability, efficiency and enhanced performance.” Tay added. “For 2025, our aim is to grow Nippon Paint’s TCCS more aggressively and become the market leader in addressing the industry’s most pressing challenges, offering the reliability and efficiency that elevates the standards within the construction industry. Whether for new builds, industrial developments, or refurbishment projects, we are proud to enhance Malaysia’s thriving construction industry with innovative solutions that drive productivity and excellence,” Tay concluded. For more information about Nippon Paint and TCCS, please visit www.professional.nipponpaint.com.my.   References: 1. https://themalaysianreserve.com/2024/11/11/dosm-malaysias-construction-sector-continues-positive-growth-up-22-9-to-rm41-1b-in-3q/ 2. https://www.cidb.gov.my/eng/part-1-malaysias-construction-industry-roars-back-to-life-a-boom-fueled-by-investment-and-infrastructure/  3. https://thesun.my/business-news/major-infrastructure-works-keep-malaysian-construction-sector-busy-in-2024-CG13402404 4. https://theexchangeasia.com/malaysias-property-sector-set-for-growth-in-2025/ 5. https://www.mida.gov.my/mida-news/manufacturing-to-stabilise-in-2025/ 6. https://asean.org/wp-content/uploads/2024/09/SG-remarks_High-level-Forum-on-ASEAN-Supply-Chain-Connectivity-Final-clean.pdf 7. https://theedgemalaysia.com/node/730064  

Media OutReach

Gorilla Technology and Royal Thai Tourist Police Advance Thailand’s AI Tourism Safety Initiative

Bangkok, Thailand – Newsfile Corp. – January 27, 2025 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), announced, that they are now advancing to the design and development phase. This next step involves implementing advanced customisation and integration solutions that will transform Thailand into Southeast Asia’s hub for AI-powered tourism safety. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10783/238519_ac175d6f8436e839_001full.jpg Mike Wang, Sales Director, Thailand and Rest of Asia, commented “Thailand is leading Southeast Asia’s AI transformation and this initiative is a clear testament to the country’s forward-thinking approach. By integrating global data-sharing capabilities with our AI systems, we are ensuring that Thailand’s tourism safety framework sets a benchmark not just regionally but globally. The demand for our solutions is accelerating across Southeast Asia, with a pipeline of opportunities exceeding $1 Billion in Thailand alone. We are actively forming partnerships that will deliver significant value and drive innovation across the region. Over the next year, we also plan to scale operations in Thailand, hiring over 100 new team members to support these growing opportunities.” To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10783/238519_ac175d6f8436e839_002full.jpg Viraphan Paiboolsilp, Technology Specialist, said, “The design and development phase is critical for embedding advanced technical capabilities into Thailand’s tourism safety framework. Our IVAR systems are being enhanced to process vast number of live video feeds daily, integrating real-time analytics with global databases to ensure proactive threat identification and response. Key advancements include: Seamless Global Integration: Connecting with international databases for facial recognition, wanted persons, and licence plate tracking to bolster cross-border security. Smart Resource Management: Leveraging heat mapping and crowd density analysis to optimise manpower, reducing response times by 30%. AI Accuracy at Scale: Achieving 98% accuracy in threat detection through enhanced algorithm optimisation. With strong support from the British government, we are fostering relationships with key local players, positioning Gorilla Technology to bid on high value projects. This marks a significant step forward in Thailand’s AI leadership journey.” To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10783/238519_ac175d6f8436e839_003full.jpg About Gorilla Technology Group Inc. Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies. Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents. For more information, please visit our website: Gorilla-Technology.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about our ability to execute definitive agreements related to this smart education project, attract the attention of customers and win additional projects, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. Investor Relations Contact: Dave Gentry RedChip Companies, Inc. 1-407-644-4256 [email protected] The issuer is solely responsible for the content of this announcement.

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