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BEIJING, Nov. 30, 2024 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. ("Autozi" or the "Company") (Nasdaq: AZI), one of the leading and fast-growing lifecycle automotive service providers in China, today announced that Qirun Investment Co., Ltd. ("Qirun"), one of the Company's principal shareholders wholly owned by Dr. Houqi Zhang, the Company's founder and Chief Executive Officer, has entered into agreements to transfer 2,000,000 shares and 800,000 shares of Autozi's common stock to Leisure Stream Limited and CG Summit Inc., respectively, in exchange for certain strategic consulting services for Qirun (the "Share Transfers"). Kingswood Capital Partners, LLC ("Kingswood"), the underwriter of the Company's recent initial public offering, is waiving a lock-up restriction on 2,800,000 shares held by Qirun to allow the Share Transfers, effective on December 3, 2024. On the same date, each of Leisure Stream Limited and CG Summit Inc. will enter into a lock-up agreement with Kingswood, substantially similar to the terms previously agreed upon with Qirun, under which they committed not to sell, transfer, or otherwise dispose of, directly or indirectly, any shares of the Company acquired through the Share Transer for a period of six months from August 27, 2024, the date of the final prospectus relating to our initial public offering. The Share Transfers are expected to be completed soon. Dr. Zhang commented, "These strategic partnerships represent a personal commitment to exploring new opportunities that could, in the long term, enhance Autozi's presence and capabilities in the global market. By leveraging my personal resources to engage with experienced consulting firms, I aim to lay the groundwork for potential expansion into the North American market. This initiative allows us to assess the landscape without impacting Autozi's current operations or financial standing, ultimately aligning with our goal of delivering value to our shareholders." Specifically, Leisure Stream Limited agreed to provide strategic consulting services to Qirun, including financial analysis and market research related to the U.S. market, in exchange for 2,000,000 shares of Autozi's common stock. CG Summit Inc. agreed to offer business development and talent acquisition services to Qirun Investment Co., Ltd., focusing on introductions to U.S. auto parts supply chain companies, identifying potential advisory board members, and facilitating connections with local dealerships, in exchange for 800,000 shares of Autozi's common stock. About Autozi Internet Technology (Global) Ltd. Autozi Internet Technology (Global) Ltd. is one of the leading and fast-growing lifecycle automotive service providers in China. Autozi, founded in 2010, provides high-quality, affordable and professional one-stop automotive products and services through online and offline channels nationwide. Our business segments include (i) new car sales, (ii) auto parts and auto accessories sales, and (iii) automotive insurance related services. Leveraging our online supply chain cloud platform, SaaS platforms, and the network of multiple-brand-service (MBS) stores, we have established an ecosystem of lifecycle automotive services by connecting automotive manufacturers, auto parts manufactures, and insurance companies with MBS stores and various automotive owners. For more information, visit the Company's website at https://www.autozi.com/en/investor. Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC. Contact Information The Blueshirt GroupJack WangEmail: Jack@blueshirtgroup.co
BEIJING, Aug. 30, 2024 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. ("Autozi" or the "Company") (NasdaqGM: AZI), one of the leading and fast-growing lifecycle automotive service providers in China, today announced the closing of its initial public offering (the "Offering") of 2,500,000 Class A ordinary shares at a public offering price of US$4 per Class A ordinary share. The Class A ordinary shares began trading on Nasdaq Capital Market under the ticker symbol "AZI" on August 28, 2024. The Company received aggregate gross proceeds of US$10 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriter of the Offering an option, exercisable within 45 days from the date of the underwriting agreement, to purchase up to an additional 375,000 Class A ordinary shares at the public offering price, less underwriting discounts and commissions. The Offering was conducted on a firm commitment basis. Net proceeds from the Offering will be used for enhancing our supply chain management capabilities, expanding the size and coverage of our MBS stores network, investment in technology innovations, and general corporate purposes. Kingswood Capital Partners, LLC acted as sole book runner for the Offering. DLA Piper UK LLP served as U.S. counsel to the Company. VCL Law LLP served as U.S. counsel to the underwriter. A registration statement on Form F-1 (File No. 333-281215), relating to the Offering was previously filed with the U.S. Securities and Exchange Commission ("SEC") by the Company, and was declared effective by the SEC on August 27, 2024. The Offering is being made only by means of a prospectus, forming a part of the registration statement. A final prospectus relating to the Offering has been filed with the SEC and is available on the SEC's website at www.sec.gov. Electronic copies of the final prospectus related to the Offering may be obtained from Kingswood Capital Partners, LLC, 126 E 56th St, Suite 22S, or by telephone at +1 732-910-9692. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Company's securities described herein, nor shall there be any sale of the Company's securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Autozi Internet Technology (Global) Ltd. Autozi Internet Technology (Global) Ltd. is one of the leading and fast-growing lifecycle automotive service providers in China. Autozi, founded in 2010, provides high-quality, affordable and professional one-stop automotive products and services through online and offline channels nationwide. Our business segments include (i) new car sales, (ii) auto parts and auto accessories sales, and (iii) automotive insurance related services. Leveraging our online supply chain cloud platform, SaaS platforms, and the network of multiple-brand-service (MBS) stores, we have established an ecosystem of lifecycle automotive services by connecting automotive manufacturers, auto parts manufactures, and insurance companies with MBS stores and various automotive owners. For more information, visit the Company's website at https://www.autozi.com/en/investor. Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC. For more information, please contact: Investor Relations: Sherry ZhengWeitian Group LLCPhone: 718-213-7386Email: shunyu.zheng@weitian-ir.com
BEIJING, Aug. 28, 2024 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. ("Autozi" or the "Company") (NasdaqGM: AZI), one of the leading and fast-growing lifecycle automotive service providers in China, today announced the pricing of its initial public offering (the "Offering") of 2,500,000 Class A ordinary shares at a public offering price of US$4 per Class A ordinary share for total gross proceeds of approximately $10 million, before deducting underwriting discounts and commissions and offering expenses. The Offering is being conducted on a firm commitment basis. The Class A ordinary shares have been approved for listing on the Nasdaq Global Market under the symbol "AZI", and are expected to commence trading on August 28, 2024. The Company has granted the underwriter of the Offering an option, exercisable within 45 days from the date of the underwriting agreement, to purchase up to an additional 375,000 Class A ordinary shares at the public offering price, less underwriting discounts and commissions. The Offering is expected to close on August 29, 2024, subject to customary closing conditions. Kingswood Capital Partners, LLC is acting as sole book runner for the Offering. DLA Piper UK LLP is acting as U.S. counsel to the Company. VCL Law LLP is acting as U.S. counsel to the underwriter with respect to the Offering. A registration statement on Form F-1 (File No. 333-281215), relating to the Offering was previously filed with the U.S. Securities and Exchange Commission ("SEC") by the Company, and subsequently declared effective by the SEC on August 27, 2024. The Offering is being made only by means of a prospectus, forming a part of the registration statement. A final prospectus relating to the Offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Electronic copies of the final prospectus related to the Offering may be obtained, when available, from Kingswood Capital Partners, LLC, 126 E 56th St, Suite 22S, or by telephone at +1 732-910-9692. Before you invest, you should read the final prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Company's securities described herein, nor shall there be any sale of the Company's securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Autozi Internet Technology (Global) Ltd. Autozi Internet Technology (Global) Ltd. is one of the leading and fast-growing lifecycle automotive service providers in China. Autozi, founded in 2010, provides high-quality, affordable and professional one-stop automotive products and services through online and offline channels nationwide. Our business segments include (i) new car sales, (ii) auto parts and auto accessories sales, and (iii) automotive insurance related services. Leveraging our online supply chain cloud platform, SaaS platforms, and the network of multiple-brand-service (MBS) stores, we have established an ecosystem of lifecycle automotive services by connecting automotive manufacturers, auto parts manufactures, and insurance companies with MBS stores and various automotive owners. For more information, visit the Company's website at https://www.autozi.com/en/investor. Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's proposed Offering and the listing of its securities. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC. For more information, please contact: Investor Relations:Sherry ZhengWeitian Group LLCPhone: 718-213-7386Email: shunyu.zheng@weitian-ir.com
Aims to deliver advanced AI, smart city, and workplace transformation technologies for enterprise clients BENGALURU, India, Dec. 11, 2024 /PRNewswire/ -- Infosys Compaz, a joint venture between Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, and Temasek, today announced that it has strengthened its collaboration with Singapore-based info-communications provider, StarHub to accelerate their operations and drive technology-led innovations. Infosys Compaz will focus on transforming the company into a cloud-centric enterprise, prioritizing AI and cloud technologies, cybersecurity, and digital transformation. Tan Kit Yong, Head of Enterprise Business Group, StarHub along with Atul Babu, Chief Executive Officer, Infosys Compaz Infosys Compaz was chosen by StarHub for its extensive experience in digital transformation, cybersecurity, and generative AI capabilities. Infosys Compaz will also deliver generative AI solutions and workplace transformation technologies that will enable StarHub to actively pursue new market opportunities. In addition, by leveraging Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey, and Infosys Topaz, an AI-first set of services, solutions and platforms using generative AI technologies, the collaboration will help global organizations simplify their operations, make meaningful decisions, and achieve cost efficiencies. The collaboration aims to deliver value to StarHub's clients across a wide range of services, including legacy modernisation and product implementation, AI & automation, data & analytics as well as industrialised operations. Infosys Compaz and StarHub will also co-create AI models by using telecommunications data to create offerings that address specific industry use cases and implement effective, tailored solutions. "At StarHub, we have always prided ourselves on being at the forefront of innovation. By collaborating with iCompaz, we are expanding our horizons to offer an even wider range of offerings and technologies that are co-created to address the unique needs of our customers," said Tan Kit Yong, Head of Enterprise Business Group, StarHub. "Aligned with our DARE+ strategy, this powerful synergy will better position us as the go-to full-service supplier for businesses that need connectivity, cloud, cybersecurity, and other ICT services to accelerate their digital journeys." Atul Babu, Chief Executive Officer, Infosys Compaz, said, "By bringing together our advanced capabilities in artificial intelligence, cloud, and digital transformation, we are fully committed to supporting StarHub's transition to a cloud-first organization. Together, we aim to create advanced solutions, by leveraging Infosys Topaz and Infosys Cobalt, that will benefit StarHub's clients with operational and cost efficiencies." Raja Shah, EVP & Industry Head, Global Markets, Infosys, said, "Infosys Compaz and StarHub's collaboration is a testament to our shared vision of harnessing technology to transform business landscapes. Infosys will leverage its cloud and AI suite of offerings, Infosys Cobalt and Infosys Topaz, along with its digital transformation expertise to help StarHub achieve its DARE+ goals to become a cloud-centric organization and deliver joint solutions for StarHub's customers." About StarHub StarHub is a leading homegrown Singapore company that delivers world-class communications, entertainment and digital services. With our extensive fibre and wireless infrastructure and global partnerships, we bring to people, homes and enterprises quality mobile and fixed services, a broad suite of premium content, and a diverse range of communication solutions. We develop and deliver to corporate and government clients solutions incorporating artificial intelligence, cybersecurity, data analytics, Internet of Things and robotics. We are committed to conducting our business in a sustainable and environmentally responsible manner. Listed on the Singapore Exchange mainboard, StarHub is a component stock of the SGX iEdge SG ESG Transparency Index, iEdge Singapore Low Carbon Index, iEdge-OCBC Singapore Low Carbon Select 50 Capped Index; as well as the FTSE4Good Index series. StarHub is ranked the world's most sustainable wireless telecommunication provider on the Corporate Knights Global 100 2024. Visit www.starhub.com for more information. About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
SINGAPORE, Dec. 10, 2024 /PRNewswire/ -- One World International School (OWIS) officially opened a first-of-its-kind Digital Campus on 9 December, with Ms Yeo Wan Ling, Member of Parliament of Pasir Ris-Punggol GRC, in attendance. This milestone marks more than 20 years of excellence in the impressive portfolio of the Global Schools Group. The new facility, located in the vibrant Punggol area, integrates cutting-edge technology, sustainability, and educational innovation, setting a new standard for international schools in Singapore. One World International Digital Campus in Punggol was officially opened on 9 December 2024 ([Left to Right] by Mr Atul Termurnikar, Co-Founder and Executive Chairman of Global Schools Group, Ms Yeo Wan Ling, Member of Parliament of Pasir Ris-Punggol GRC and H.E Dr Shilpak Ambule, High Commissioner of India to Singapore. As a leading international network of schools, the Global Schools Group is dedicated to providing high-quality education worldwide and currently operates 64 campuses across 12 schools in 11 countries. The latest OWIS Digital Campus is the 7th OWIS campus globally and it stands at the forefront of this mission, delivering an enriching and nurturing learning environment that prepares students to thrive in an ever-changing global landscape. The OWIS Digital Campus Advantage Representing the first fully state-of-the-art international school in Singapore, the OWIS Digital Campus is designed to maximise the fullest potential of young talents. The campus seamlessly integrates advanced technology and sustainable practices to enhance student activities and learning outcomes. The OWIS Digital Campus currently serves 527 students and houses high-tech Smart Classrooms that feature cutting-edge IoT devices, digital whiteboards, and personalised learning tools tailored to meet the individual needs of each student. The campus also offers over 60 shared Skills Studios, including a Visual and Art Studio, Black Box Theatre and others. Additionally, an immersive 1,500-seat auditorium known as the multipurpose Quantum Arena, with a built-in Sports Performance Enhancing Data Analytics System technology, will also serve as an indoor sports space, revolutionising student-level sports training and enhancing the overall athletic experience. Built For Sustainability, Inside and Out On the sustainability front, OWIS Digital Campus's external building structure has been designed for reduced energy consumption. The terracotta tiles in their exterior facade serve as effective heat insulators for classrooms and have a lifespan of 75 years, contributing to notable energy savings. To date, this intelligent structure has saved up to 25% of total energy consumption from air conditioning. Inside, the campus implements green initiatives powered by IoT-driven sustainability measures, including smart energy management, climate control systems, and a future comprehensive water management strategy, all of which create an eco-friendly learning environment. Currently, smart classrooms and hallway lighting are powered by renewable energy, with up to 15% generated from solar panels. This forward-thinking initiative significantly reduces the campus's overall carbon footprint. Lastly, the Digital Campus is poised to receive NEWater, Singapore's treated water through micro-filtration, reverse osmosis, and ultraviolet irradiation. This multi-faceted approach to sustainability reflects OWIS's deep commitment to responsibly utilising scarce natural resources. OWIS Digital Campus, School of The Future Aligning with Singapore's vision for a sustainable and innovative future, the OWIS Digital Campus offers an exceptional educational option for expat families in Punggol and its surrounding areas. By leveraging its favourable location near the Punggol Digital District, the school hopes to form and strengthen ties with local communities and companies to provide more digital and sustainability education opportunities for its young students. Mr Atul Termurnikar, Co-Founder and Executive Chairman of Global Schools Group shares: "Today marks a momentous occasion as we celebrate the official opening of the OWIS Digital Campus of the Global Schools Group. This OWIS Campus extends this legacy, integrating advanced technology, sustainable design, and forward-thinking pedagogy to offer an unparalleled educational experience. It is a space that inspires curiosity and cultivates a lifelong love for learning necessary for the 21st-century learner. Our campus offers world-class, community-focused education, enhanced by our location near Punggol Digital District, leading the way for innovative learning for every child." Ms Yeo Wan Ling, Member of Parliament of Pasir Ris-Punggol GRC, adds: "As we embark on this exciting journey with OWIS, I look forward to the positive impact it will have on our Punggol community. Together, with our excellent educational institutions and upcoming developments, we're creating an ecosystem where our young sprouts can learn, grow, and thrive in a town that's truly at the forefront of Singapore's future." For more information about the OWIS Digital Campus, please visit owis.org/sg/punggol-digital-campus. About One World International School OWIS is part of the prestigious Singapore-based Global Schools Group (GSG), which educates students of over 70 nationalities. OWIS has a multicultural environment where students and teachers come from diverse cultural backgrounds. The school embraces a one-world philosophy that teaches the value of tolerance, acceptance, compassion, kindness and unity. OWIS has campuses in Singapore, Japan, Saudi Arabia and India. About Global Schools Group Global Schools Group (GSG), headquartered in Singapore, is an award-winning interconnected network of leading international schools across the world. Founded in 2002 to serve global communities with high quality education, GSG schools are truly global at heart transcending boundaries to provide a world-class learning experience through the scale, diversity and experience of its widespread network. GSG mission is to nurture young minds into future global leaders.
BENGALURU, India, Dec. 10, 2024 /PRNewswire/ -- Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that it has entered into a three - year contract with Vodafone Idea Limited ("VIL"), a leading telecom service provider in India, to supply its industry-leading TJ1400 and TJ1600 packet and optical transmission products to augment Vodafone Idea's backhaul capacity and boost network performance across multiple telecom circles in the country. Mr. Jagbir Singh, CTO Vodafone Idea Limited said, "As VIL accelerates its pan-India 4G and 5G rollouts, it is critical to upgrade our backhaul network to be scalable, robust and future-ready to efficiently manage the expected growth in data traffic and rising bandwidth demands. We are pleased to welcome Tejas Networks as our wireline network partner in this journey towards VIL 2.0. Their state-of-the-art PTN and OTN products will play a key role in delivering a superior service experience for our customers." Mr. Anand Athreya, CEO and Managing Director of Tejas Networks said, "We are proud to be selected as a partner of Vodafone Idea as they embark on an exciting journey to expand and create a nationwide 4G and 5G network in India. We believe that this is a reflection of our ability to design highly flexible and well-differentiated products that consistently align with the evolving needs of top-tier communication service providers such as VIL while drastically lowering the cost and energy per bit." About Tejas Networks Limited Tejas Networks Ltd. designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks Ltd. is a part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) being the majority shareholder. For more information, visit Tejas Networks Ltd. at http://www.tejasnetworks.com or contact Investor Relations: ir@india.tejasnetworks.com
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