AGBA Group and Triller Complete Merger, Forming AI-Powered Social Media and Financial Services Conglomerate

AGBA ADVANCES TOWARD COMPLETION OF THE TRILLER MERGER - AGBA Group Holding (NASDAQ:AGBA)

AGBA Group Holding Limited AGBA ("AGBA" or the "Company") and Triller Corp. ("Triller"), today announced that their merger is expected to close on Monday, October 14, 2024 subject to final Nasdaq approval. NEW YORK, NY / LOS ANGELES, CA, Oct. 11, 2024 (GLOBE NEWSWIRE) -- AGBA, a multi-channel business platform delivering first-class financial services through machine-learning technologies, and Triller, a next generation, AI-powered, social media and live-streaming event platform, today announced that all steps have been finalized to move towards the completion of their merger, which is anticipated to take place on or about October 14, 2024, subject to final Nasdaq approval. This merger represents the next step in AGBA and Triller's collective strategic visions in the digital economy. The combination of AGBA and Triller will accelerate innovation, clear a path towards rapid growth and expand the combined company's market presence globally, creating unparalleled value for all stakeholders of the company. Backed by a stable shareholder base of world-renowned investors, a distinguished board and a strong leadership team, there is a unique opportunity to grow and take to the next level an exciting range of businesses, such as Triller's social media platform, which is poised for fast user growth, BKFC, the world's fastest growing combat league, TrillerTV, which streams more than 3,000 live events annually to households across the globe, and a suite of innovative AI and SaaS tools that are already used by top creators and global brands across all major social media platforms. The completion of the merger process will include a reverse AGBA stock split to remain in compliance with Nasdaq rules in connection with the merger. The reverse split is expected to take effect after the close of business on or about October 14, 2024. Subject to final Nasdaq approval of the merger, the Company anticipates that shares will begin trading on a split-adjusted basis under the new symbol ILLR on Nasdaq on or about October 15, 2024. To the extent the reverse stock split results in any stockholders being entitled to a fractional share, any such fractional share will be rounded up to the nearest whole share. The reverse stock split will reduce the number of outstanding ordinary shares by a 4 to 1 ratio. The reverse stock split will not alter the overall value of a stockholder's investment and the value of an investor's holdings remains unchanged at the time of the split. The exercise prices for, and the shares underlying, all outstanding warrants related to AGBA and Triller will be adjusted in accordance with the terms of such warrant instruments to reflect the successive stock splits. The Company will provide information on the updated exercise price immediately following the completion of the merger and reverse stock split. The latest press release is available on the company's website, please visit: www.agba.com/ir. About AGBA Established in 1993, AGBA Group Holding Limited (Nasdaq: "AGBA") is a leading, multi-channel business platform that incorporates cutting edge machine-learning and offers a broad set of financial services and healthcare products to consumers through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. Trusted by over 400,000 individual and corporate customers, the Group is organized into four market-leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business. For more information, please visit www.agba.com About Triller Corp. Triller Corp. is a next generation, AI-powered, social media and live-streaming event platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller Corp. uses proprietary AI technology to push and track content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller Corp. additionally owns Triller Sports, Bare-Knuckle Fighting Championship (BKFC); Amplify.ai, a leading machine-learning, AI platform; FITE, a premier global PPV, AVOD, and SVOD streaming service; and Thuzio, a leader in B2B premium influencer events and experiences. For more information, visit www.triller.co Investor Relations: Bethany Lai [email protected] This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. # # # Market News and Data brought to you by Benzinga APIs

AGBA and Triller set for October 14 merger completion By Investing.com

NEW YORK, NY / LOS ANGELES, CA - AGBA Group Holding Limited (NASDAQ:AGBA) and Triller Corp. have announced the anticipated finalization of their merger for October 14, 2024, pending the last approval from Nasdaq. This strategic move aims to accelerate innovation and growth within the digital economy, expanding the global market presence of the combined entity. The merger is set to unite AGBA's financial services and machine-learning technologies with Triller's AI-powered social media and live-streaming event platform. The companies expect this synergy to create significant value for stakeholders and propel a diverse range of businesses including Triller's social media platform, BKFC -- the world's fastest-growing combat league, TrillerTV, and a suite of AI and SaaS tools. In compliance with Nasdaq rules regarding the merger, AGBA will execute a reverse stock split at a 4 to 1 ratio after the close of business on the expected completion date. Post-merger, shares will trade on the Nasdaq under the new ticker symbol ILLR, starting approximately on October 15, 2024. The reverse split is designed to maintain the investment value for shareholders, with fractional shares rounded up to the nearest whole share. The merger and reverse stock split will also necessitate adjustments to the exercise prices and shares underlying all outstanding AGBA and Triller warrants, with details to be provided following the merger's completion. AGBA, founded in 1993, is recognized for its tech-led ecosystem offering financial and healthcare products, serving over 400,000 customers. Triller Corp. is known for its AI-driven content dissemination across sports, fashion, entertainment, and influencer networks. This information is based on a press release statement, with further details available on AGBA's website. As the corporate landscape evolves, the completion of this merger represents a significant step for AGBA and Triller in the competitive digital arena. In other recent news, AGBA Group Holding Limited and Triller Corp. have announced a merger agreement, aiming to create an AI-driven social media platform. The transaction is subject to shareholder approval and regulatory clearance. Following the merger, AGBA will become a Delaware corporation, and the new entity will be renamed Triller Group Inc. The merger will result in the issuance of approximately 299.9 million shares of common stock and 37.7 million shares of preferred stock to Triller's current stockholders, along with the conversion of Triller's existing restricted stock units into approximately 54 million AGBA Delaware Parent restricted stock units. In other related developments, AGBA Group has recently adopted a new equity incentive plan and elected its board of directors. The 2024 Equity Incentive Plan allows for the issuance of up to 16 million ordinary shares, aligning the interests of AGBA's officers, directors, employees, and consultants with those of the shareholders. The board of directors, elected by a significant majority, includes Robert E. Diamond Jr., Ng Wing Fai, Brian Chan, Felix Yun Pun Wong, and Thomas Ng. Lastly, shareholders ratified the appointment of WWC, P.C. as the independent auditors for the fiscal year ended December 31, 2024, demonstrating continued trust in the company's financial reporting process. These recent developments reflect AGBA Group's commitment to corporate governance and its strategy to incentivize performance. As AGBA Group Holding Limited (NASDAQ:AGBA) approaches its merger with Triller Corp., investors should consider some key financial metrics and trends that could impact the combined entity's future performance. According to InvestingPro data, AGBA's market capitalization stands at $163.18 million, reflecting its current valuation ahead of the merger. The company's revenue for the last twelve months as of Q2 2024 was $38.32 million, with a gross profit of $14.55 million and a gross profit margin of 37.97%. These figures provide a baseline for assessing the potential financial synergies post-merger. InvestingPro Tips highlight some important aspects of AGBA's recent performance. The stock has experienced high price volatility and has taken a significant hit over the last week, with a 1-week price total return of -34.81%. This volatility could be attributed to market reactions to the upcoming merger and reverse stock split announcement. Interestingly, despite the recent downturn, AGBA has shown a remarkable 6-month price total return of 392.5%, indicating strong investor interest earlier in the year. This aligns with the company's strategic moves, including the merger announcement with Triller Corp. It's worth noting that AGBA is currently not profitable over the last twelve months, with an operating income margin of -86.69%. This underscores the importance of the merger in potentially improving the company's financial health through synergies and expanded market opportunities. For investors seeking a more comprehensive analysis, InvestingPro offers 12 additional tips for AGBA, providing deeper insights into the company's financial position and market performance. These additional tips could be particularly valuable in understanding the full implications of the upcoming merger and reverse stock split.

Agba Completes Merger With Triller - AGBA Group Holding (NASDAQ:AGBA)

NEW YORK, NY / LOS ANGELES, CA, Oct. 15, 2024 (GLOBE NEWSWIRE) -- AGBA Group Holding Limited AGBA ("AGBA") today announced the completion of its previously announced merger (the "Merger") with Triller Corp. ("Triller"). In connection with the Merger, AGBA has changed its name to Triller Group Inc. (the "Company"). The combined company's common stock and warrants are expected to begin trading under the tickers "ILLR" and "ILLRW," respectively, on Nasdaq Capital Market on October 16, 2024. "This merger is terrific news for both the users and the content creators on our app. Whether they are fans of BKFC, or they watch sports and entertainment events around the world on TrillerTV, or are using our brand and creator tools to find their audience, they now have in Triller an innovative, exciting partner." said Bob Diamond, Chairman of the combined company and Founder and CEO of Atlas Merchant Capital LLC. Leadership The Company will make a statement on future leadership, strategy and objectives on Tuesday, October 22, 2024. Domestication to Delaware Concurrent with the closing of the Merger, AGBA changed its jurisdiction of incorporation from the British Virgin Islands to the State of Delaware, and changed its corporate name to "Triller Group Inc." Financial Terms Following the completion of the Merger, former AGBA shareholders and former Triller stockholders own 30% and 70% of the combined company's outstanding common stock, respectively. The latest press release is available on the company's website, please visit: www.agba.com/ir. About AGBA Established in 1993, AGBA Group Holding Limited is a leading, multi-channel business platform that incorporates cutting edge machine-learning and offers a broad set of financial services and healthcare products to consumers through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. Trusted by over 400,000 individual and corporate customers, the Group is organized into four market-leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business. For more information, please visit www.agba.com. About Triller Corp. Triller Corp. is a next generation, AI-powered, social media and live-streaming event platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller Corp. uses proprietary AI technology to push and track content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller Corp. additionally owns Triller Sports, Bare-Knuckle Fighting Championship (BKFC); Amplify.ai, a leading machine-learning, AI platform; and TrillerTV, a premier global PPV, AVOD, and SVOD streaming service. For more information, visit www.triller.co. This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Investor & Media Relations: Bethany Lai [email protected] Anthony Silverman [email protected] # # # Market News and Data brought to you by Benzinga APIs

AGBA Group merges with Triller, to trade as Triller Group Inc By Investing.com

NEW YORK, NY / LOS ANGELES, CA - AGBA Group Holding Limited, a multi-channel business platform, has announced the completion of its merger with social media company Triller Corp, now forming Triller Group Inc. The merged entity's common stock and warrants are set to start trading on the Nasdaq Capital Market under the new ticker symbols "ILLR" and "ILLRW" respectively, starting from October 16, 2024. The merger signifies a strategic consolidation within the tech and entertainment sectors, combining AGBA's financial services and healthcare products with Triller's AI-powered social media and live-streaming platform. As a result of the merger, former shareholders of AGBA and Triller now hold 30% and 70% of the outstanding common stock in the combined company, respectively. In line with the merger, AGBA has also relocated its jurisdiction of incorporation from the British Virgin Islands to the State of Delaware, a move that aligns with common practices for U.S.-based corporations. Bob Diamond, Chairman of Triller Group Inc. and Founder and CEO of Atlas (NYSE:ATCO) Merchant Capital LLC, expressed enthusiasm for the merger, highlighting the benefits for users and content creators associated with Triller's diverse offerings, which include Triller Sports and TrillerTV. The company is expected to release a statement on October 22, 2024, detailing the future leadership, strategy, and objectives of the newly formed entity. AGBA Group, established in 1993, has been recognized for integrating machine learning into its service offerings, serving over 400,000 clients through its tech-led ecosystem. Triller Corp, on the other hand, has positioned itself as a next-generation platform at the intersection of music, sports, fashion, and entertainment, leveraging proprietary AI technology to enhance content distribution. This merger is part of a broader trend of consolidation within the technology and entertainment industries, as companies seek to integrate platforms and services to provide more comprehensive offerings to their user bases. The information provided in this article is based on a press release statement from AGBA Group Holding Limited and Triller Corp. In other recent news, AGBA Group Holding Limited and Triller Corp. are set to finalize their merger on October 14, 2024, subject to the last approval from Nasdaq. This strategic move is anticipated to accelerate innovation and growth within the digital economy, merging AGBA's financial services and machine-learning technologies with Triller's AI-powered social media and live-streaming event platform. In relation to this merger, AGBA will execute a reverse stock split at a 4 to 1 ratio after the close of business on the expected completion date, with shares trading under the new ticker symbol ILLR. In other developments, the merger will result in the issuance of approximately 299.9 million shares of common stock and 37.7 million shares of preferred stock to Triller's current stockholders. Also, AGBA Group has recently adopted a new equity incentive plan and elected its board of directors. The 2024 Equity Incentive Plan allows for the issuance of up to 16 million ordinary shares, aligning the interests of AGBA's officers, directors, employees, and consultants with those of the shareholders. The board of directors, elected by a significant majority, includes Robert E. Diamond Jr., Ng Wing Fai, Brian Chan, Felix Yun Pun Wong, and Thomas Ng. Lastly, shareholders ratified the appointment of WWC, P.C. as the independent auditors for the fiscal year ended December 31, 2024. These recent developments reflect AGBA Group's commitment to corporate governance and its strategy to incentivize performance. As AGBA Group Holding Limited merges with Triller Corp to form Triller Group Inc., investors should be aware of some key financial metrics and trends. According to InvestingPro data, AGBA's market capitalization stands at $228.13 million, reflecting its current valuation as it enters this significant merger. The company's revenue for the last twelve months as of Q2 2024 was $38.32 million, with a gross profit of $14.55 million. However, it's worth noting that AGBA has been experiencing a revenue decline, with a -28.18% growth rate over the same period. This context is crucial as the newly formed Triller Group Inc. aims to leverage the combined strengths of both companies. InvestingPro Tips highlight that AGBA has been "quickly burning through cash" and that "short-term obligations exceed liquid assets." These factors may have contributed to the strategic decision to merge with Triller Corp, potentially seeking to improve financial stability and growth prospects. Despite these challenges, an InvestingPro Tip indicates that AGBA has seen a "large price uptick over the last six months," with data showing an impressive 466.42% price total return over this period. This significant increase in stock value could reflect market optimism about the company's future prospects, including the potential benefits of the Triller merger. For investors interested in a more comprehensive analysis, InvestingPro offers additional tips and insights that could be valuable in assessing the newly formed Triller Group Inc.'s potential. There are 7 more InvestingPro Tips available for AGBA, providing a deeper understanding of the company's financial health and market position as it embarks on this new chapter.

AGBA TAKES FINAL STEP TOWARD COMPLETION OF TRILLER MERGER By Investing.com

The previously announced reverse stock split to comply with Nasdaq's rules in connection with the merger will take effect on October 15, 2024. NEW YORK, NY / LOS ANGELES, CA , Oct. 14, 2024 (GLOBE NEWSWIRE) -- AGBA Group Holding Limited (Nasdaq: AGBA) (AGBA or the Company) and Triller Corp. (Triller) today announced that Nasdaq approval for their merger was received on October 11, 2024. The merger is now expected to be completed on October 15, 2024. This merger represents the next step in AGBA and Triller's collective strategic visions in the digital economy. The combination of AGBA and Triller will accelerate innovation, clear a path towards rapid growth and expand the combined company's market presence globally, creating unparalleled value for all stakeholders of the company. The 1-for-4 reverse stock split is implemented in order to remain in compliance with Nasdaq's rules in connection with the merger with Triller Corp. (Triller). The combined company's shares will commence trading on a split-adjusted basis on October 16, 2024. About AGBA Established in 1993, AGBA Group Holding Limited (Nasdaq: AGBA) is a leading, multi-channel business platform that incorporates cutting edge machine-learning and offers a broad set of financial services and healthcare products to consumers through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. Trusted by over 400,000 individual and corporate customers, the Group is organized into four market-leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business. For more information, please visit www.agba.com. About Triller Corp. Triller Corp. is a next generation, AI-powered, social media and live-streaming event platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller Corp. uses proprietary AI technology to push and track content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller Corp. additionally owns Triller Sports, Bare-Knuckle Fighting Championship (BKFC); Amplify.ai, a leading machine-learning, AI platform; and TrillerTV, a premier global PPV, AVOD, and SVOD streaming service. Safe Harbor Statement This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as may, will, intend, should, believe, expect, anticipate, project, estimate or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the closing of the merger; the expected date of the merger; the market effective date of the Company's actions; the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding its strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and its ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across its business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward"looking statements to reflect events or circumstances that arise after the date hereof.

AGBA TAKES FINAL STEP TOWARD COMPLETION OF TRILLER MERGER - AGBA Group Holding (NASDAQ:AGBA)

The previously announced reverse stock split to comply with Nasdaq's rules in connection with the merger will take effect on October 15, 2024. NEW YORK, NY / LOS ANGELES, CA , Oct. 14, 2024 (GLOBE NEWSWIRE) -- AGBA Group Holding Limited AGBA ("AGBA" or the "Company") and Triller Corp. ("Triller") today announced that Nasdaq approval for their merger was received on October 11, 2024. The merger is now expected to be completed on October 15, 2024. This merger represents the next step in AGBA and Triller's collective strategic visions in the digital economy. The combination of AGBA and Triller will accelerate innovation, clear a path towards rapid growth and expand the combined company's market presence globally, creating unparalleled value for all stakeholders of the company. The 1-for-4 reverse stock split is implemented in order to remain in compliance with Nasdaq's rules in connection with the merger with Triller Corp. ("Triller"). The combined company's shares will commence trading on a split-adjusted basis on October 16, 2024. About AGBA Established in 1993, AGBA Group Holding Limited (Nasdaq: "AGBA") is a leading, multi-channel business platform that incorporates cutting edge machine-learning and offers a broad set of financial services and healthcare products to consumers through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. Trusted by over 400,000 individual and corporate customers, the Group is organized into four market-leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business. For more information, please visit www.agba.com. About Triller Corp. Triller Corp. is a next generation, AI-powered, social media and live-streaming event platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller Corp. uses proprietary AI technology to push and track content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller Corp. additionally owns Triller Sports, Bare-Knuckle Fighting Championship (BKFC); Amplify.ai, a leading machine-learning, AI platform; and TrillerTV, a premier global PPV, AVOD, and SVOD streaming service. For more information, visit www.triller.co. Investor Relations: Bethany Lai [email protected] This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the closing of the merger; the expected date of the merger; the market effective date of the Company's actions; the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding its strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and its ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across its business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. # # # Market News and Data brought to you by Benzinga APIs