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ABBANK invests in Backbase to launch digital banking platform with 100% customer migration in 3 months

ABBANK accelerates customer-centricity for business owners through platform innovation HANOI, VIETNAM – Media OutReach Newswire – 15 January 2025 – Backbase, the pioneer in Engagement Banking, has announced that its customer, An Binh Commercial Joint Stock Bank (ABBANK), has successfully launched a new business digital banking platform – ABBANK Business, marking a pivotal step in ABBANK’s commitment to supporting all enterprise segments, enhancing customer-centric digital experiences across Vietnam. With this launch, ABBANK provides business owners with enterprise-grade technology and digital banking capabilities through the Backbase Engagement Banking Platform, leveling the playing field and delivering a seamless, secure platform for business growth and financial management. This platform adoption represents one of ABBANK’s bold moves in the digital space, simplifying banking for SMEs and entrepreneurs through a fast, secure, app-based service. ABBANK Business delivers three core business values: superior management, fast and secure functionality, and a seamless user experience. Key features for the launch phase include customizable account numbers, quick bill payments for utilities, international money transfers, and a dashboard that provides an easy overview of assets, interest rate updates, and recent transaction information. With the agile working model, the advanced features are under developed in parallel for the optimal customer experience. Transforming Banking Efficiency and Accessibility for SMEs The new platform launch follows a seamless three-month migration, during which ABBANK transitioned 100% of its existing business banking clients to the new platform without disruption. Now, 88% of these most active customers use the app as their primary banking channel. Building on Backbase’s Engagement Banking Platform, the app offers SMEs a streamlined, user-friendly experience tailored to the unique demands of business banking. Building Digital Expertise for Sustainable Growth Over the last one-year ABBANK has attracted hundreds of talents in technology & data for the digital transformation drive. “ABBANK Business is a strong testament to our customer centricity strategy, building solutions from insights to meet corporate clients’ needs. The new application makes banking easy, safe and convenient for our clients while enhancing ABBANK’s efficiency and enabling us to achieve transformative SME digital banking goals. Backbase platform, on which ABBANK Business is built, provides such robust architecture we need to deliver for our clients,” said Pham Duy Hieu, CEO, ABBANK. ABBANK Digital & Data is organized around four strategic pillars – Customer Experience, Data, Technology, and Agile to differentiate ABBANK’s services and enable rapid go-to-market which adapts to evolving customer needs, enhancing the digital experience for SMEs. “ABBANK’s digital transformation is driven by its collaborative development approach and adaptability. By adopting an anchor platform and establishing a Center of Excellence with in-house expertise, ABBANK has laid the groundwork for successful, sustained digital transformation. Their efforts were recognized with the Excellence in Customer Experience Optimization Award at our annual Customer Engagement Awards in October last year – a well-deserved achievement,” said Riddhi Dutta, Regional Vice President, Asia, Backbase. Supporting ABBANK’s Vision of Empowering SMEs ABBANK’s mission is to foster Vietnam’s economic growth by empowering SMEs with essential tools for success. By launching ABBANK Business on Backbase’s platform, ABBANK aims to extend its impact among SMEs and entrepreneurs who prioritize digital convenience and robust financial support. With this milestone, ABBANK reinforces its role as a trusted financial partner for businesses and entrepreneurs in Vietnam, supporting them with the innovation, security, and service levels essential for success in a digital-first world. Hashtag: #Backbase #digitalbanking #engagementbanking #retailbanking #omnichannelbanking #businessbanking #smebanking #corporatebanking https://www.backbase.comhttps://www.linkedin.com/company/backbase/ The issuer is solely responsible for the content of this announcement. Backbase Backbase is on a mission to re-architect banking around the customer. We are the creators of the Engagement Banking Platform – a composable platform that empowers banks to accelerate their digital transformation through progressively modernizing their main customer journeys. From onboarding, to servicing, lending and investing, our platform streamlines every aspect of the customer and employee journey. Pre-integrated with leading core systems and cutting-edge fintechs, it enables institutions to unlock innovation at scale, driving instant value creation. Industry analysts Forrester, Gartner, Celent, Omdia and IDC continuously recognize Backbase’s category leadership. Over 150 financials around the world have embraced the Backbase Engagement Banking Platform. In APAC, the customers we serve include An Binh Commercial Joint Stock Bank (ABBANK), Bank Muamalat, BDO Unibank, Bank of the Philippine Islands (BPI), Chinabank, EastWest Bank, HDFC Bank, JudoBank, Vietnam Maritime Commercial Joint Stock Bank (MSB), MyState Bank, Orient Commercial Joint Stock Bank (OCB), Techcombank, and TPBank. Backbase is a privately funded fintech company, founded in 2003 in Amsterdam (Global HQ). With its APAC HQ in Singapore, Backbase operates across key regional markets including Australia, India, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. The company also has regional hubs strategically located in the Americas, Europe, the Middle East, and Africa. Learn more at www.backbase.com. ABBANK An Binh Commercial Joint Stock Bank (ABBANK), established in 1993, has developed a strong reputation as a trusted and efficient retail banking institution. Committed to relentlessly enhancing service quality and customer experience, ABBANK continuously invests in building highly skilled, dedicated employees, developing competitive and flexible financial solutions, and improving its infrastructures and capabilities. ABBANK now has a robust nationwide transaction network of 165 branches across 34 provinces and innovative digital banking platforms ABBANK Business and AB Ditizen, serving more than two million customers. With more than 31 years of establishment and development, ABBANK has consistently been recognized as a trustworthy banking partner for customers, partners, and investors. ABBANK has also earned reputable accolades as a top workplace, both locally and internationally: “Best Places to Work in Asia” by HR Asia for three consecutive years (2020-2022); Top 10 Most Preferred Employers in the Finance – Banking – Securities sector for 2023 by CareerViet. ABBANK also distinguishes itself through its commitment to social responsibility and sustainable development. The bank actively supports initiatives in education and talent development, healthcare as well as environment protection, demonstrating its long-term dedication and contribution in sustainable community well-being.

Media OutReach

ABBANK invests in Backbase to launch digital banking platform with 100% customer migration in 3 months

ABBANK accelerates customer-centricity for business owners through platform innovation HANOI, VIETNAM – Media OutReach Newswire – 15 January 2025 – Backbase, the pioneer in Engagement Banking, has announced that its customer, An Binh Commercial Joint Stock Bank (ABBANK), has successfully launched a new business digital banking platform – ABBANK Business, marking a pivotal step in ABBANK’s commitment to supporting all enterprise segments, enhancing customer-centric digital experiences across Vietnam. With this launch, ABBANK provides business owners with enterprise-grade technology and digital banking capabilities through the Backbase Engagement Banking Platform, leveling the playing field and delivering a seamless, secure platform for business growth and financial management. This platform adoption represents one of ABBANK’s bold moves in the digital space, simplifying banking for SMEs and entrepreneurs through a fast, secure, app-based service. ABBANK Business delivers three core business values: superior management, fast and secure functionality, and a seamless user experience. Key features for the launch phase include customizable account numbers, quick bill payments for utilities, international money transfers, and a dashboard that provides an easy overview of assets, interest rate updates, and recent transaction information. With the agile working model, the advanced features are under developed in parallel for the optimal customer experience. Transforming Banking Efficiency and Accessibility for SMEs The new platform launch follows a seamless three-month migration, during which ABBANK transitioned 100% of its existing business banking clients to the new platform without disruption. Now, 88% of these most active customers use the app as their primary banking channel. Building on Backbase’s Engagement Banking Platform, the app offers SMEs a streamlined, user-friendly experience tailored to the unique demands of business banking. Building Digital Expertise for Sustainable Growth Over the last one-year ABBANK has attracted hundreds of talents in technology & data for the digital transformation drive. “ABBANK Business is a strong testament to our customer centricity strategy, building solutions from insights to meet corporate clients’ needs. The new application makes banking easy, safe and convenient for our clients while enhancing ABBANK’s efficiency and enabling us to achieve transformative SME digital banking goals. Backbase platform, on which ABBANK Business is built, provides such robust architecture we need to deliver for our clients,” said Pham Duy Hieu, CEO, ABBANK. ABBANK Digital & Data is organized around four strategic pillars – Customer Experience, Data, Technology, and Agile to differentiate ABBANK’s services and enable rapid go-to-market which adapts to evolving customer needs, enhancing the digital experience for SMEs. “ABBANK’s digital transformation is driven by its collaborative development approach and adaptability. By adopting an anchor platform and establishing a Center of Excellence with in-house expertise, ABBANK has laid the groundwork for successful, sustained digital transformation. Their efforts were recognized with the Excellence in Customer Experience Optimization Award at our annual Customer Engagement Awards in October last year – a well-deserved achievement,” said Riddhi Dutta, Regional Vice President, Asia, Backbase. Supporting ABBANK’s Vision of Empowering SMEs ABBANK’s mission is to foster Vietnam’s economic growth by empowering SMEs with essential tools for success. By launching ABBANK Business on Backbase’s platform, ABBANK aims to extend its impact among SMEs and entrepreneurs who prioritize digital convenience and robust financial support. With this milestone, ABBANK reinforces its role as a trusted financial partner for businesses and entrepreneurs in Vietnam, supporting them with the innovation, security, and service levels essential for success in a digital-first world. Hashtag: #Backbase #digitalbanking #engagementbanking #retailbanking #omnichannelbanking #businessbanking #smebanking #corporatebanking https://www.backbase.comhttps://www.linkedin.com/company/backbase/ The issuer is solely responsible for the content of this announcement. Backbase Backbase is on a mission to re-architect banking around the customer. We are the creators of the Engagement Banking Platform – a composable platform that empowers banks to accelerate their digital transformation through progressively modernizing their main customer journeys. From onboarding, to servicing, lending and investing, our platform streamlines every aspect of the customer and employee journey. Pre-integrated with leading core systems and cutting-edge fintechs, it enables institutions to unlock innovation at scale, driving instant value creation. Industry analysts Forrester, Gartner, Celent, Omdia and IDC continuously recognize Backbase’s category leadership. Over 150 financials around the world have embraced the Backbase Engagement Banking Platform. In APAC, the customers we serve include An Binh Commercial Joint Stock Bank (ABBANK), Bank Muamalat, BDO Unibank, Bank of the Philippine Islands (BPI), Chinabank, EastWest Bank, HDFC Bank, JudoBank, Vietnam Maritime Commercial Joint Stock Bank (MSB), MyState Bank, Orient Commercial Joint Stock Bank (OCB), Techcombank, and TPBank. Backbase is a privately funded fintech company, founded in 2003 in Amsterdam (Global HQ). With its APAC HQ in Singapore, Backbase operates across key regional markets including Australia, India, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. The company also has regional hubs strategically located in the Americas, Europe, the Middle East, and Africa. Learn more at www.backbase.com. ABBANK An Binh Commercial Joint Stock Bank (ABBANK), established in 1993, has developed a strong reputation as a trusted and efficient retail banking institution. Committed to relentlessly enhancing service quality and customer experience, ABBANK continuously invests in building highly skilled, dedicated employees, developing competitive and flexible financial solutions, and improving its infrastructures and capabilities. ABBANK now has a robust nationwide transaction network of 165 branches across 34 provinces and innovative digital banking platforms ABBANK Business and AB Ditizen, serving more than two million customers. With more than 31 years of establishment and development, ABBANK has consistently been recognized as a trustworthy banking partner for customers, partners, and investors. ABBANK has also earned reputable accolades as a top workplace, both locally and internationally: “Best Places to Work in Asia” by HR Asia for three consecutive years (2020-2022); Top 10 Most Preferred Employers in the Finance – Banking – Securities sector for 2023 by CareerViet. ABBANK also distinguishes itself through its commitment to social responsibility and sustainable development. The bank actively supports initiatives in education and talent development, healthcare as well as environment protection, demonstrating its long-term dedication and contribution in sustainable community well-being.

Media OutReach

Kearney appoints Varun Arora as new Managing Partner for Southeast Asia

SINGAPORE – Media OutReach Newswire – 15 January 2025 – Global management consultancy Kearney has appointed Varun Arora as its new Managing Partner for Southeast Asia, effective 1 January 2025, as the firm continues to accelerate growth across the region. Mr Arora succeeds Nithin Chandra, who has led the unit since 2022. Varun Arora, Managing Partner for Southeast Asia Based in Singapore, Mr Arora will oversee Kearney’s Southeast Asia operations, which span key markets including Singapore, Indonesia, Malaysia, the Philippines, and Thailand. In his new role, he will be responsible for driving client impact, expanding market opportunities, and nurturing the next generation of consulting talent across the region. The Southeast Asia unit, which Kearney established in 1990 with its entry into Singapore, supports clients across a wide spectrum of industries. These include technology, telecommunications, consumer goods, retail, healthcare, financial services, energy, automotive, transportation, and process industries. A Kearney Original with over 17 years at the firm, Mr Arora brings extensive experience in strategic growth and digital transformation. He most recently led the firm’s Communications, Media, and Technology (CMT) practice in Southeast Asia – the largest practice in the Southeast Asian unit – as well as Kearney’s growing Digital & Analytics practice at the Asia-Pacific level. Mr Arora has a proven track record of delivering results for clients across various markets and cultures in Southeast Asia, and growing high-performance teams. Commenting on the appointment, Shigeru Sekinada, Region Chair of Asia Pacific, said, “I am delighted to welcome Varun as the next leader of our Southeast Asia unit. With his deep expertise, collaborative leadership style, and vision for growth, I am confident that he will continue to propel Kearney’s success in this dynamic region by promoting a purpose-driven culture focused on enhancing societal well-being. Southeast Asia remains a cornerstone of our Asia-Pacific growth strategy, and Varun’s leadership will ensure we continue to deliver exceptional results for our clients and our people.” Reflecting on his new role, Varun Arora, Managing Partner for Southeast Asia, said, “Southeast Asia is brimming with potential, driven by its diverse workforce, vast innovation capabilities, and growing economy. I am excited to lead Kearney’s efforts in this vibrant region and look forward to collaborating with our clients and the team to unlock growth opportunities and deliver meaningful impact for businesses and communities.” Mr Arora’s appointment follows an exceptional tenure by Nithin Chandra, during which the Southeast Asia unit achieved record performance and expanded its presence in new markets. Under Mr Chandra’s leadership, Kearney opened its Philippines office in Manila in 2022, and expanded its Bangkok office in Thailand in 2024 as part of the firm’s next stage of growth in Southeast Asia. Mr Chandra will continue to play an integral role at Kearney, focusing on strategic initiatives and client growth. This appointment also comes as part of regular leadership rotations in Kearney’s Asia Pacific office, alongside the appointment of Siddharth Jain as the Managing Partner and Country Head for India, effective 1 January 2025. Hashtag: #Kearney https://www.kearney.com/ The issuer is solely responsible for the content of this announcement. About Kearney Kearney is a leading global management consulting firm. For nearly 100 years, we have been a trusted advisor to C-suites, government bodies, and nonprofit organizations. Our people make us who we are. Driven to be the difference between a big idea and making it happen, we work alongside our clients to regenerate their businesses to create a future that works for everyone. To learn more about Kearney, please visit www.kearney.com.

Media OutReach

Kearney appoints Varun Arora as new Managing Partner for Southeast Asia

SINGAPORE – Media OutReach Newswire – 15 January 2025 – Global management consultancy Kearney has appointed Varun Arora as its new Managing Partner for Southeast Asia, effective 1 January 2025, as the firm continues to accelerate growth across the region. Mr Arora succeeds Nithin Chandra, who has led the unit since 2022. Varun Arora, Managing Partner for Southeast Asia Based in Singapore, Mr Arora will oversee Kearney’s Southeast Asia operations, which span key markets including Singapore, Indonesia, Malaysia, the Philippines, and Thailand. In his new role, he will be responsible for driving client impact, expanding market opportunities, and nurturing the next generation of consulting talent across the region. The Southeast Asia unit, which Kearney established in 1990 with its entry into Singapore, supports clients across a wide spectrum of industries. These include technology, telecommunications, consumer goods, retail, healthcare, financial services, energy, automotive, transportation, and process industries. A Kearney Original with over 17 years at the firm, Mr Arora brings extensive experience in strategic growth and digital transformation. He most recently led the firm’s Communications, Media, and Technology (CMT) practice in Southeast Asia – the largest practice in the Southeast Asian unit – as well as Kearney’s growing Digital & Analytics practice at the Asia-Pacific level. Mr Arora has a proven track record of delivering results for clients across various markets and cultures in Southeast Asia, and growing high-performance teams. Commenting on the appointment, Shigeru Sekinada, Region Chair of Asia Pacific, said, “I am delighted to welcome Varun as the next leader of our Southeast Asia unit. With his deep expertise, collaborative leadership style, and vision for growth, I am confident that he will continue to propel Kearney’s success in this dynamic region by promoting a purpose-driven culture focused on enhancing societal well-being. Southeast Asia remains a cornerstone of our Asia-Pacific growth strategy, and Varun’s leadership will ensure we continue to deliver exceptional results for our clients and our people.” Reflecting on his new role, Varun Arora, Managing Partner for Southeast Asia, said, “Southeast Asia is brimming with potential, driven by its diverse workforce, vast innovation capabilities, and growing economy. I am excited to lead Kearney’s efforts in this vibrant region and look forward to collaborating with our clients and the team to unlock growth opportunities and deliver meaningful impact for businesses and communities.” Mr Arora’s appointment follows an exceptional tenure by Nithin Chandra, during which the Southeast Asia unit achieved record performance and expanded its presence in new markets. Under Mr Chandra’s leadership, Kearney opened its Philippines office in Manila in 2022, and expanded its Bangkok office in Thailand in 2024 as part of the firm’s next stage of growth in Southeast Asia. Mr Chandra will continue to play an integral role at Kearney, focusing on strategic initiatives and client growth. This appointment also comes as part of regular leadership rotations in Kearney’s Asia Pacific office, alongside the appointment of Siddharth Jain as the Managing Partner and Country Head for India, effective 1 January 2025. Hashtag: #Kearney https://www.kearney.com/ The issuer is solely responsible for the content of this announcement. About Kearney Kearney is a leading global management consulting firm. For nearly 100 years, we have been a trusted advisor to C-suites, government bodies, and nonprofit organizations. Our people make us who we are. Driven to be the difference between a big idea and making it happen, we work alongside our clients to regenerate their businesses to create a future that works for everyone. To learn more about Kearney, please visit www.kearney.com.

Media OutReach

Kearney appoints Varun Arora as new Managing Partner for Southeast Asia

SINGAPORE – Media OutReach Newswire – 15 January 2025 – Global management consultancy Kearney has appointed Varun Arora as its new Managing Partner for Southeast Asia, effective 1 January 2025, as the firm continues to accelerate growth across the region. Mr Arora succeeds Nithin Chandra, who has led the unit since 2022. Varun Arora, Managing Partner for Southeast Asia Based in Singapore, Mr Arora will oversee Kearney’s Southeast Asia operations, which span key markets including Singapore, Indonesia, Malaysia, the Philippines, and Thailand. In his new role, he will be responsible for driving client impact, expanding market opportunities, and nurturing the next generation of consulting talent across the region. The Southeast Asia unit, which Kearney established in 1990 with its entry into Singapore, supports clients across a wide spectrum of industries. These include technology, telecommunications, consumer goods, retail, healthcare, financial services, energy, automotive, transportation, and process industries. A Kearney Original with over 17 years at the firm, Mr Arora brings extensive experience in strategic growth and digital transformation. He most recently led the firm’s Communications, Media, and Technology (CMT) practice in Southeast Asia – the largest practice in the Southeast Asian unit – as well as Kearney’s growing Digital & Analytics practice at the Asia-Pacific level. Mr Arora has a proven track record of delivering results for clients across various markets and cultures in Southeast Asia, and growing high-performance teams. Commenting on the appointment, Shigeru Sekinada, Region Chair of Asia Pacific, said, “I am delighted to welcome Varun as the next leader of our Southeast Asia unit. With his deep expertise, collaborative leadership style, and vision for growth, I am confident that he will continue to propel Kearney’s success in this dynamic region by promoting a purpose-driven culture focused on enhancing societal well-being. Southeast Asia remains a cornerstone of our Asia-Pacific growth strategy, and Varun’s leadership will ensure we continue to deliver exceptional results for our clients and our people.” Reflecting on his new role, Varun Arora, Managing Partner for Southeast Asia, said, “Southeast Asia is brimming with potential, driven by its diverse workforce, vast innovation capabilities, and growing economy. I am excited to lead Kearney’s efforts in this vibrant region and look forward to collaborating with our clients and the team to unlock growth opportunities and deliver meaningful impact for businesses and communities.” Mr Arora’s appointment follows an exceptional tenure by Nithin Chandra, during which the Southeast Asia unit achieved record performance and expanded its presence in new markets. Under Mr Chandra’s leadership, Kearney opened its Philippines office in Manila in 2022, and expanded its Bangkok office in Thailand in 2024 as part of the firm’s next stage of growth in Southeast Asia. Mr Chandra will continue to play an integral role at Kearney, focusing on strategic initiatives and client growth. This appointment also comes as part of regular leadership rotations in Kearney’s Asia Pacific office, alongside the appointment of Siddharth Jain as the Managing Partner and Country Head for India, effective 1 January 2025. Hashtag: #Kearney https://www.kearney.com/ The issuer is solely responsible for the content of this announcement. About Kearney Kearney is a leading global management consulting firm. For nearly 100 years, we have been a trusted advisor to C-suites, government bodies, and nonprofit organizations. Our people make us who we are. Driven to be the difference between a big idea and making it happen, we work alongside our clients to regenerate their businesses to create a future that works for everyone. To learn more about Kearney, please visit www.kearney.com.

Thomas B. Meier becomes CEO at a transformative period for Jumeirah
News

Jumeirah Appoints Thomas B. Meier as CEO

DUBAI: Jumeirah, a global leader in luxury hospitality and a member of Dubai Holding, has announced the appointment of Thomas B. Meier as its new Chief Executive Officer. With extensive industry experience, Thomas has been instrumental in guiding Jumeirah through several important milestones and will now lead the next stage of the Brand’s sustainable growth under its Mission 2030 strategy. As Chief Executive Officer, Thomas will spearhead Jumeirah’s bold plans to double its portfolio by 2030, focusing on international expansion and solidifying its position as a global leader in luxury hospitality. Under his leadership, Jumeirah aims to continue setting new standards for the industry, building on its strong legacy and reinforcing its commitment to deliver enriching guest experiences rooted in culture and connection. Thomas, who served as Chief Operating Officer since October 2021 and most recently as Interim Chief Executive Officer, takes on the role during a pivotal time for the brand.  During 2024, Thomas led milestone achievements, including Jumeirah’s entry into Africa with the launch of Jumeirah Thanda Island in Tanzania and Jumeirah Thanda Safari in South Africa as well as other upcoming launches, while also strengthening the leadership team with several senior appointments. With a distinguished career spanning several decades, Thomas has also led operations and global expansion for renowned brands, including Raffles.   Commenting on his appointment, Thomas B. Meier said: “Jumeirah has always set new benchmarks in luxury hospitality, consistently delivering extraordinary guest experiences. As we gear up for the opening of Jumeirah Marsa Al Arab and continue to expand into new markets, I am honoured to lead Jumeirah’s next chapter. With bold ambitions, Jumeirah will continue to innovate, staying ahead of industry trends and exceeding the ever-evolving expectations of the most discerning guests. Our vision is to establish Jumeirah as one of the foremost influential hospitality brands worldwide.” In line with its global expansion vision, Jumeirah recently unveiled several high-profile properties, including the two new iconic destinations in Africa; Jumeirah Red Sea in Saudi Arabia; Jumeirah Marsa Al Arab in the United Arab Emirates and Jumeirah Le Richemond Geneva in Switzerland. Today, Jumeirah operates a portfolio of 30 properties across the Middle East, Africa, Europe and Asia. The brand is actively pursuing owner and operator opportunities in major gateway cities and resort destinations worldwide, further strengthening its position as a leader in the global luxury hospitality sector. For more information visit jumeirah.com and stay connected on social channels @Jumeirah.

Media OutReach

Arlo Unveils Strategic Partnership with Origin AI to Deliver Advanced Smart Home Security Solutions

Arlo becomes the exclusive worldwide provider of Origin’s AI Verified Human PresenceTM detection technology to be integrated into new innovative security solutions SINGAPORE – Media OutReach Newswire – 15 January 2025 – Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, recently announced a strategic partnership agreement with Origin AI, pioneers in AI SensingTM technology. Sharing a common mission to protect customers through advanced AI-powered solutions, both Arlo and Origin AI have developed award-winning technologies that have been recognised by industry experts as best-in-class. Under the agreement, Arlo will have exclusive worldwide rights to market and sell Origin AI’s groundbreaking AI products, TruShieldTM and Allos, which deliver Verified Human Presence detection through radio frequency (RF) signals emitted by existing WiFi devices in homes or businesses. This capability enables internet service and other solution providers a simple yet powerful path to bring home security to their customers while increasing accuracy and reducing false alarms. Additionally, Arlo plans to integrate Origin AI Sensing technologies into future offerings, complementing Arlo’s suite of advanced security solutions powered by Arlo Intelligence — from AI-assisted motion detection to indoor/outdoor video monitoring and professional monitoring with video verification. “Arlo has been continuously investing for over 10 years in AI- and CV-powered security technologies that enable customers to feel safer, react faster and enjoy greater peace of mind with 24/7 protection from Arlo Secure,” said Matthew McRae, CEO of Arlo Technologies. “With today’s announcement, we are excited to add Origin’s AI Sensing capabilities to create a new integrated AI-powered security offering that will be unmatched in its intelligence and performance.” “Origin AI is excited to collaborate with Arlo in this strategic partnership,” said Spencer Maid, CEO of Origin AI. “By combining Arlo’s leadership in smart home security with Origin’s cutting-edge AI Sensing technologies, we are delivering unparalleled solutions to redefine how people protect their homes and businesses. This partnership underscores our shared commitment to innovation and customer security.” Arlo Secure 5, the next generation of smart home security powered by Arlo Intelligence, uses advanced computer vision AI and recognition engines to provide more meaningful, detailed alerts so users can make faster, informed decisions about their security and safety. New AI-powered innovations include: Person Recognition: Know exactly who has arrived at your home with personalised alerts labeled with names from your private library of named faces. Vehicle Recognition: Protect your driveway with personalised alerts labeled with known vehicles that you previously named. Custom Detection: Train Arlo AI to create personalised, custom detections to protect what matters most to you. Teach your camera to recognise certain objects or changes in view to trigger custom notifications. Whether it’s knowing if the garage door is open, lights were left on in the basement or the dog is on the couch, Arlo AI alerts you to what is happening in and around your home so you know what action to take. Fire Detection: AI-powered notifications that alert you when a fire is detected so you can take immediate action. Further details about Arlo’s partnership with Origin AI will be shared later this year. For more information on the full range of Arlo smart home security products and services, visit https://www.arlo.com/asia/. To learn more about Origin AI’s AI Sensing technologies, visit www.originwirelessai.com. Hashtag: #Arlo The issuer is solely responsible for the content of this announcement. About Arlo Technologies, Inc. Arlo is an award-winning, industry leader that is transforming the ways in which people can protect everything that matters to them with advanced home, business, and personal security solutions. Arlo’s deep expertise in AI- and CV-powered analytics, cloud services, user experience and product design, and innovative wireless and RF connectivity enables the delivery of a seamless, smart security experience for Arlo users that is easy to set up and interact with every day. Arlo’s cloud-based platform provides users with visibility, insight, and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection. Arlo has recently launched several categories of award-winning connected devices, software, and services. These include wire-free, smart Wi-Fi and LTE-enabled security cameras, video doorbells, floodlights, security system, and Arlo’s subscription services: Arlo Secure and Arlo Safe. With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to implementing industry standards for data protection designed to keep users’ personal information private and in their control. Arlo provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture.

Media OutReach

Arlo Unveils Strategic Partnership with Origin AI to Deliver Advanced Smart Home Security Solutions

Arlo becomes the exclusive worldwide provider of Origin’s AI Verified Human PresenceTM detection technology to be integrated into new innovative security solutions SINGAPORE – Media OutReach Newswire – 15 January 2025 – Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, recently announced a strategic partnership agreement with Origin AI, pioneers in AI SensingTM technology. Sharing a common mission to protect customers through advanced AI-powered solutions, both Arlo and Origin AI have developed award-winning technologies that have been recognised by industry experts as best-in-class. Under the agreement, Arlo will have exclusive worldwide rights to market and sell Origin AI’s groundbreaking AI products, TruShieldTM and Allos, which deliver Verified Human Presence detection through radio frequency (RF) signals emitted by existing WiFi devices in homes or businesses. This capability enables internet service and other solution providers a simple yet powerful path to bring home security to their customers while increasing accuracy and reducing false alarms. Additionally, Arlo plans to integrate Origin AI Sensing technologies into future offerings, complementing Arlo’s suite of advanced security solutions powered by Arlo Intelligence — from AI-assisted motion detection to indoor/outdoor video monitoring and professional monitoring with video verification. “Arlo has been continuously investing for over 10 years in AI- and CV-powered security technologies that enable customers to feel safer, react faster and enjoy greater peace of mind with 24/7 protection from Arlo Secure,” said Matthew McRae, CEO of Arlo Technologies. “With today’s announcement, we are excited to add Origin’s AI Sensing capabilities to create a new integrated AI-powered security offering that will be unmatched in its intelligence and performance.” “Origin AI is excited to collaborate with Arlo in this strategic partnership,” said Spencer Maid, CEO of Origin AI. “By combining Arlo’s leadership in smart home security with Origin’s cutting-edge AI Sensing technologies, we are delivering unparalleled solutions to redefine how people protect their homes and businesses. This partnership underscores our shared commitment to innovation and customer security.” Arlo Secure 5, the next generation of smart home security powered by Arlo Intelligence, uses advanced computer vision AI and recognition engines to provide more meaningful, detailed alerts so users can make faster, informed decisions about their security and safety. New AI-powered innovations include: Person Recognition: Know exactly who has arrived at your home with personalised alerts labeled with names from your private library of named faces. Vehicle Recognition: Protect your driveway with personalised alerts labeled with known vehicles that you previously named. Custom Detection: Train Arlo AI to create personalised, custom detections to protect what matters most to you. Teach your camera to recognise certain objects or changes in view to trigger custom notifications. Whether it’s knowing if the garage door is open, lights were left on in the basement or the dog is on the couch, Arlo AI alerts you to what is happening in and around your home so you know what action to take. Fire Detection: AI-powered notifications that alert you when a fire is detected so you can take immediate action. Further details about Arlo’s partnership with Origin AI will be shared later this year. For more information on the full range of Arlo smart home security products and services, visit https://www.arlo.com/asia/. To learn more about Origin AI’s AI Sensing technologies, visit www.originwirelessai.com. Hashtag: #Arlo The issuer is solely responsible for the content of this announcement. About Arlo Technologies, Inc. Arlo is an award-winning, industry leader that is transforming the ways in which people can protect everything that matters to them with advanced home, business, and personal security solutions. Arlo’s deep expertise in AI- and CV-powered analytics, cloud services, user experience and product design, and innovative wireless and RF connectivity enables the delivery of a seamless, smart security experience for Arlo users that is easy to set up and interact with every day. Arlo’s cloud-based platform provides users with visibility, insight, and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection. Arlo has recently launched several categories of award-winning connected devices, software, and services. These include wire-free, smart Wi-Fi and LTE-enabled security cameras, video doorbells, floodlights, security system, and Arlo’s subscription services: Arlo Secure and Arlo Safe. With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to implementing industry standards for data protection designed to keep users’ personal information private and in their control. Arlo provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture.

Investment & Market Trends

Oriental Kopi Holdings Berhad’s Ace Market IPO Oversubscribed by Approximately 60 Times

KUALA LUMPUR: Food and beverage (“F&B”) services cafe chain operator, Oriental Kopi Holdings Berhad (“Oriental Kopi” or the “Company”) (“华阳餐飲集团”), has been oversubscribed by approximately 60.0 times ahead of its listing on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The approximately 60-times oversubscription rate reflects a total subscription value of RM1.6 billion at an initial public offering (“IPO”) price of RM0.44 per share. Upon listing, Oriental Kopi is anticipated to achieve a market capitalisation of RM880.0 million, based on the aforementioned IPO price and an enlarged share base of 2.0 billion ordinary shares. Oriental Kopi, through its subsidiaries (collectively known as the “Group”), is primarily involved in cafe chain operations as well as the distribution and retail of its brands of packaged foods. The Group’s cafe chain operates under the Oriental Kopi brand providing F&B services and in-store sales of its brands of packaged foods. Established in December 2020, Oriental Kopi has experienced rapid growth, operating a network of 19 owned-and-operated Oriental Kopi cafes across Malaysia. These cafes are strategically located in locations such as shopping malls, shop lots, and Kuala Lumpur International Airport 2 airport retail mall. In a joint venture arrangement with Paradise Group Holdings Pte Ltd, the Group has recently commenced its first oversea cafe in Singapore’s bustling Bugis Junction. Additionally, the Group operates 1 specialty retail store in St. Giles Southkey Hotel in Johor. Oriental Kopi’s initial public offering (“IPO”) comprises a public issue of 418.1 million new ordinary shares (“Issue Shares”) at an issue price of RM0.44 per share. This represents 20.9% of the enlarged share capital, with RM184.0 million expected to be raised. In respect of the 60.0 million Issue Shares allocated to the Malaysian public, Oriental Kopi has received a total of 66,041 applicants for 3,657,610,800 Issue Shares with a value of approximately RM1,609.3 million, representing an overall oversubscription rate of approximately 60.0 times. For the Bumiputera portion, a total of 10,156 applications for 695,882,800 Issue Shares were received, representing an oversubscription rate of 22.20 times. For the public portion, a total of 55,885 applications for 2,961,728,000 Issue Shares were received, representing an oversubscription rate of 97.72 times. The 20.0 million Issue Shares made available for application by the eligible directors, employees and persons who have contributed to the success of the Group have been fully subscribed. Meanwhile, for the private placement, the 88.1 million Issue Shares allocated to selected investors, as well as the 250.0 million Issue Shares allocated to the selected Bumiputera investors approved by Ministry of Investment, Trade and Industry of Malaysia (“MITI”) have also been fully placed out. Notices of allotment will be posted to all successful applicants by 21 January 2025.   Managing Director of Oriental Kopi, Dato’ Chan Jian Chern (拿督陈建丞) said, “We are pleased and encouraged by the overwhelming response to our IPO, which reflects public confidence in the Oriental Kopi brand, the quality of our offerings, and the exciting growth prospects we have ahead. The funds raised will empower us to accelerate our expansion plans to meet the increasing demand for our F&B products and services.” “The majority of the IPO proceeds, amounting to RM75.8 million (41.2%), will be used to supplement our working capital requirements. RM53.7 million (29.2%) will be used for the establishment of a new head office, central kitchen and warehouse, while RM36.4 million (19.8%) will go towards expanding our cafe chain across Malaysia. Additionally, RM5.0 million (2.7%) is earmarked for the expansion of our packaged foods segment, RM5.5 million (3.0%) for marketing activities in foreign markets, and RM7.6 million (4.1%) to defray our listing expenses.” “With these IPO proceeds, we are well-positioned to capitalise on growth opportunities driven by economic expansion, improved household spending, and increasing tourist arrivals and spending. We remain committed to deliver high-quality Malaysian cuisine and are confident that our strategic initiatives will generate long-term value for shareholders while further solidifying Oriental Kopi’s leadership in Malaysia’s F&B services industry,” Dato’ Calvin concluded. Oriental Kopi is scheduled to be listed on the ACE Market of Bursa Securities on Thursday, 23 January 2025. Alliance Islamic Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter and Placement Agent for the IPO exercise.

News

Chung Soo Kiong Appointed as Sunway Property’s New MD

Sunway Property, the property arm of Sunway Group, has announced Chung Soo Kiong as its new Managing Director. Chung, who succeeds Datin Paduka Sarena Cheah, brings more than 20 years of extensive experience in property development and construction businesses within Sunway Group. Chung most recently served as the Managing Director of Sunway Property’s International division, where he spearheaded regional ventures and key projects in Singapore, China, and other markets. With his new portfolio as Managing Director of Sunway Property, Chung will now lead the overall property division, encompassing both domestic and international operations. In his expanded role, Chung will be supported by Chong Sau Min, Chief Executive Officer of Sunway Property (Central & Northern Region) and Sunway Property & Facilities Management (SPFM), and Gerard Soosay, Chief Executive Officer of Sunway City Iskandar Puteri. Chung said, “Building on the strong foundation laid by Datin Paduka Sarena and the incredible team, I look forward to delivering innovative, sustainable solutions that not only meet but exceed the expectations of our communities and stakeholders.” Cheah, who formerly held this position, assumes the new role of Executive Deputy Chair of Sunway Group on January 2, 2025. Cheah will focus on expanding the Group’s international footprint and continue overseeing the development of Sunway City Iskandar Puteri into a world-class township that attracts global investments and promotes regional tourism. Reflecting on her new role, Cheah said, “It has been a privilege to lead Sunway Property and contribute to its remarkable journey. I am confident that under Chung’s leadership, the division will reach even greater heights. As I take on this new role, I remain steadfast in advancing Sunway’s vision of building a sustainable future for generations to come.” The Group also welcomed Datuk Mohd Anuar Bin Taib as Deputy President of Sunway Group on the same day. A seasoned corporate leader, Anuar has served as an independent non-executive director on the board of Sunway Berhad since July 2023. In his new role, he will oversee core business divisions, including Sunway Property, Sunway Malls, and Sunway Healthcare, among others.

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