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LONDON, June 12, 2023 /PRNewswire/ --Highlights Funds advised by Appian agree the sale of the wholly owned Atlantic Nickel and Mineração Vale Verde to ACG for US$1.0 billion, while ACG will also pay US$65 million to extinguish the gold stream over Mineração Vale Verde, all in cash Provides a compelling value proposition for ACG, which will be the only London-listed nickel sulphide producer of scale, creating a natural platform for further growth and consolidation of critical metals assets focused on leading western OEMs Transaction reflects the significant work to optimise the assets, demonstrating the strength of Appian's operating model and its ability to identify, acquire and develop mining projects Acquired Atlantic Nickel out of bankruptcy in 2018, executing a successful restart, with first quartile C1 cost performance (c. US$3.16/lb Ni for the open pit and c. US$2.02/lb Ni for the underground), defining an underground resource and extending mine life to 35 years Purchased Mineração Vale Verde in 2018, revising its DFS and completing project construction and commissioning during the COVID-19 pandemic, ahead of schedule and under budget before successfully ramping up Mines are cash-generative operations, producing nickel sulphide and copper concentrates with low carbon emissions ACG has entered into long-term investment partnerships with global commodities group Glencore, PowerCo (Volkswagen's in-house battery development subsidiary) and Stellantis (owner of Fiat and Peugeot), for offtake and funding Reflects the quality of the assets and their attractive characteristics for western automotive manufacturers at this point in the investment cycle, providing a transparent and secure supply of critical metals across the value chain Will support optimising the assets' ability to meet future demand, and help address supply-chain challenges currently arising in global commodities Appian's funds remain extremely well positioned for growth with exposure to key decarbonisation commodities balanced with precious metals investments Appian Capital Advisory LLP ("Appian" or the "Company"), the investment advisor to long-term value focused private capital funds that invest in mining and mining-related companies, announces the sale of its Brazilian battery metals-focused portfolio companies Atlantic Nickel ("Atlantic Nickel") and Mineração Vale Verde ("MVV") (together the "Assets") to ACG Acquisition Company Limited ("ACG") for a cash consideration of US$1.0 billion, along with the sale of its gold royalty on MVV to ACG for US$65 million (the "Transaction"). The Appian funds acquired Atlantic Nickel (previously Mirabela Nickel), owner of Santa Rita, one of the largest open pit nickel sulphide mines in the world, located in Bahia, Brazil ("Santa Rita") out of bankruptcy in 2018. The same year they also purchased MVV, owner of the Serrote greenfield open-pit copper-gold asset located in Alagoas, Brazil ("Serrote"). Subsequently Appian successfully restarted Atlantic Nickel and commissioned MVV. Appian undertook significant work to de-risk and improve the Assets, demonstrating the strength of the Company's model and its ability to identify, acquire and optimise mining projects using technical arbitrage to create value. Both mines are long-life, low-cost and ranked within the first decile for carbon emissions amongst all nickel and copper producers worldwide. The Transaction will provide a compelling value proposition for ACG, Appian, and their respective investors. Upon closing, ACG will be renamed ACG Electric Metals, creating the only London-listed nickel sulphide producer with pure play electric metals exposure, as a natural platform for further growth and consolidation of critical metals assets focused on deliveries to leading western OEMs. Michael W. Scherb, Founder and CEO of Appian, commented: "Appian began investing in decarbonisation commodities a decade ago, recognising that society was structurally undersupplied for the upcoming energy transition. This innovative transaction in the battery metals space will mark Appian's 10th, 11th and 12th exits, reflecting the strength of our operating model and ability to identify, acquire and optimise mining assets. Likewise, ACG is a great custodian for Atlantic Nickel and MVV, and is well placed to unlock significant further growth from these market-leading companies. The Glencore, Volkswagen and Stellantis partnerships are particularly notable, underlining the growing need for EV commodities and the demand for robust, transparent and traceable supply chains from western automotive OEMs, industry and other stakeholders." Artem Volynets, CEO of ACG, said: "We are very proud to announce this transaction in strategic partnership with Glencore, Stellantis, La Mancha, PowerCo and Royal Gold, as well as senior debt providers Citigroup, ING and Societe Generale. It will establish ACG Electric Metals as a premier supplier of critical metals into the western EV value chain, with best-in-class ESG characteristics and minimal CO2 emissions. ACG Electric Metals will be a company designed to take advantage of the opportunities presented by key global trends: the massive increase in demand for battery metals, the polarisation of supply chains, and the need to reduce the world's total carbon footprint – from the mine to the end-customer. These high-quality mines will enable ACG's mission to be the green metals supplier of choice to western EV automakers. This acquisition establishes a solid platform for further growth and long term shareholder value creation." Transaction details Under the terms of the Transaction, ACG has agreed to acquire the entirety of Atlantic Nickel and MVV for a cash consideration of US$1.0 billion, while ACG will also pay US$65 million in cash to extinguish the gold stream on MVV. The Transaction is supported by financing commitments from financial and strategic parties, including notable partnerships with leading commodity traders and automotive manufacturers to support the electric vehicle transition: Glencore will be an anchor investor, having committed US$100 million and becoming an off-taker of choice for ACG, allowing for supply of ACG's nickel sulphide concentrate to Glencore's western European and North American refineries. PowerCo, a wholly-owned subsidiary of Volkswagen, has committed to make a binding US$100 million prepayment to ACG for equivalent nickel units to the tonnage contained in a portion of the concentrates produced by the Atlantic Nickel mine at Santa Rita. Stellantis, the automotive conglomerate formed in 2021 by the merger of Fiat Chrysler and PSA Group, has committed to a US$100 million anchor equity investment in ACG. Both PowerCo and Stellantis will become long-term partners via offtake contracts for nickel refined from concentrate produced by Santa Rita. These partnerships demonstrate the quality of the Assets and their attractive characteristics for western automotive manufacturers at this point in the investment cycle, providing a transparent and secure supply of critical metals to meet future global demand. Leading mining investment fund, La Mancha Resource Capital Fund ("La Mancha"), has also made a commitment to make a US$100 million anchor equity investment in ACG. The remainder of funding for the Transaction comes from binding commitments in the form of royalty financing from Royal Gold, senior bank debt underwritten by Citigroup, ING and Societe Generale, who have also agreed to provide a revolving credit facility, and a planned equity offering by ACG of US$300 million. The equity offering provides a broader universe of institutional investors with the opportunity to participate in ACG's future value creation. The Appian funds have also offered to backstop up to US$50 million of the equity financing. The Appian funds will also retain their 2.75% Net Smelter Royalty ("NSR") on the Santa Rita mine, while a 2.5% NSR on the production at the Santa Rita mine will be granted to La Mancha. Following completion of the Transaction, the Assets' operating teams will join ACG, providing continuity to drive future success. Current managers, Paulo Castellari-Porchia and Milson Mundim, will continue to oversee Atlantic Nickel and MVV, having managed the assets for several years, achieving strong operational results, ESG performance and a leading safety record. As part of the transaction, ACG has reinforced its commitment to sustainability practices at its mining sites by agreeing to implement the IRMA Standard for Responsible Mining at Santa Rita, and to undergo an IRMA assessment in 2025 and 2030. The Transaction is expected to close in July 2023 and is subject to the customary shareholder consents and conditions precedent. Citigroup and Standard Chartered are acting as financial advisor to Appian on the Transaction, with Norton Rose Fulbright and Cescon, Barrieu, Flesch & Barreto as legal advisors. Atlantic Nickel acquisition and optimisation The Appian funds acquired Atlantic Nickel out of a complex bankruptcy process in 2018, after identifying an opportunity to implement a differential operating approach to restart the mine at a first quartile cost position and benefit from over US$1 billion of previously sunk capital. The Company subsequently carried out major work to improve Santa Rita, developing a redefined mine plan with a successful restart in January 2020. As a result, Appian de-risked the asset with an attractive average C1 cash cost in the first quartile of the global nickel cost curve (c. US$3.16/lb Ni for the open pit and c. US$2.02/lb Ni for the underground). Appian has grown the Resources at Santa Rita significantly since 2018 through systematic infill and expansion drilling of the open pit and underground Resource areas, extending the life of mine by 27 years to 35 years in total. Atlantic Nickel recently reported record operational and financial performance for 2022, producing 117kdmt of nickel concentrate (2021 107kdmt) containing 15.9kt of nickel (2021 14.5kt), 5.0kt of copper (2021 4.7kt) and 291t of cobalt (2021 266t). This resulted in US$210 million of EBITDA (2021 US$127 million) on US$406 million of revenue (2021 US$289 million). Santa Rita has an industry leading ESG and safety record with a Lost Time Injury Frequency Rate of 0.18 in 2022 (compared to 0.20 in 2021). Since restart, Appian has built out the team at Atlantic Nickel from 40 to ~3,000 employees, providing significant local employment and benefits. MVV acquisition and optimisation MVV was acquired from Aura Minerals in 2018, having identified Serrote as a rare standalone, construction-ready, copper project with meaningful precious metal by-product credits that could benefit from Appian's technical arbitrage strategy. Appian optimised Serrote's mine plan, updating the Definitive Feasibility Study and bringing the asset into production in May 2021 under budget and ahead of schedule. Appian recently announced the successful ramp-up during 2022, with full year production of 19.8kt of copper and 9-10koz of gold contained in 84.5kdmt of concentrate. This resulted in EBITDA of US$60 million on revenue of US$155 million, with average realized commodity prices of US$3.71/lb CuEq. MVV has an average C1 cash cost of US$1.37/lb Cu. MVV has a best-in-class ESG and safety record, with zero Lost Time Injuries during 2022 (during 1.9 million cumulative hours worked). Other initiatives include providing support for local schools, social projects for female entrepreneurs and environmental education. The exploration program at MVV continues to demonstrate its broader significant regional upside potential, identifying additional targets that could be brought into the Serrote mine plan over the longer-term. Outlook and strategic focus Appian will continue to enhance its unique operating model, and focus on energy transition commodities used in batteries, electric vehicles, and renewable power systems, including copper and nickel, balanced by investments in precious metals and other commodities. About Appian Capital Advisory LLP Appian Capital Advisory LLP is the investment advisor to long-term value focused private capital funds that invest solely in mining and mining related companies. Appian is a leading investment advisor in the metals and mining industry, with global experience across South America, North America, Australia and Africa and a successful track record of supporting companies to achieve their development targets, with a global operating portfolio overseeing 6,300 employees. Appian has a global team of 65 experienced professionals with offices in London, New York, Toronto, Vancouver, Lima, Belo Horizonte, Montreal, Dubai and Perth. For more information please visit www.appiancapitaladvisory.com, or find us on LinkedIn, Twitter or Instagram. About ACG ACG is a company with a vision to consolidate the critical metals industry. Through a series of roll-up acquisitions, ACG intends to become a premier supplier of critical metals to the western OEM supply chain, with best-in-class ESG and carbon footprint characteristics. On October 12, 2022, ACG successfully raised proceeds of approximately US$125 million in its initial public offering, and listed on the London Stock Exchange (symbols: ACG and ACGW). For further information please visit: www.acgcorp.co
AUBURN HILLS, Mich., June 12, 2023 /PRNewswire/ -- Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, today unveiled a patented revolutionary new passenger airbag module that is based on Bernoulli's Principle and can inflate larger airbags more efficiently as well as reduce development time and cost. The Bernoulli™ Airbag will be commercialized during the third quarter and on display at the Autoliv Investor Day today in Auburn Hills, Michigan, USA. The new Autoliv airbag module is based on Swiss mathematician and physicist Daniel Bernoulli's fundamental principles of fluid dynamics that explain many phenomena such as how airplanes fly. Bernoulli's principle states that an increase in the speed of a fluid occurs simultaneously with a decrease in static pressure. Using this principle, Autoliv can leverage pressure differences to add a significant contribution of surrounding air to the inflation of an airbag. "We have developed a way to inflate very large airbags, like the one's needed in newer electric vehicles with roomier cockpits and comfort seating, with a smaller single stage inflator. Additionally, the Bernoulli Airbag generates less heat, is lighter, and can reduce customer development testing in the United States by more than 30 percent. Low risk deployment requirements can be met with a single stage inflator," said Jordi Lombarte, Chief Technical Officer, Autoliv. For the Bernoulli Airbag, the inflator will receive the signal that a crash has begun, and it will propel high pressure gases at supersonic speed through multiple inlet tubes. As the gases flow through the tubes, it will suck the surrounding ambient air into the chamber with the gases, creating aspiration, and will inflate a much larger airbag with an even smaller inflator than required today. "It is undoubtedly an example of our commitment to saving lives and redefining the standards of safety so our customers can build the safest possible vehicles. By doing this, we can affect other aspects of the safety system and offer our customers options that do not exist today. The Bernoulli Airbag is a significant step forward in making vehicles safer in a more efficient and sustainable manner," concluded Jordi Lombarte. Airbags are an important safety feature in cars and can reduce the risk of death and serious injury in a crash. They work by inflating very quickly to create a cushion between the occupant and the vehicle. Airbag systems help to reduce the severity of injuries caused by impact. Autoliv is the world's largest producer of airbag systems, modules, and components. Inquiries: Media: Gabriella Ekelund, Tel +46 (70) 612 64 24Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14 The following files are available for download: https://mb.cision.com/Main/751/3784313/2119784.pdf Press release as PDF https://news.cision.com/autoliv/i/alv-bernoulli-airbag-still-4,c3188901 ALV Bernoulli Airbag Still 4 https://news.cision.com/autoliv/i/alv-bernoulli-airbag-still-1,c3188902 ALV Bernoulli Airbag Still 1
AUBURN HILLS, Mich., June 12, 2023 /PRNewswire/ -- Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, will host an Investor Day today. Throughout the day, members of Autoliv management will outline the Company's strategy, growth opportunities, financial plans and targets as well as its contribution to sustainable mobility. Autoliv reiterates its full year 2023 indications, including organic sales growth of around 15% and an adjusted operating margin of around 8.5-9.0%. Autoliv also reiterates its medium- and long-term financial targets. Since our Capital Markets Day on November 16, 2021, Autoliv has taken forceful actions to respond to a prolonged market environment of inflationary pressure, continued supply chain challenges, and lower and more volatile light vehicle production. Autoliv is providing world class life-saving solutions for mobility and society while transforming its operations for the new age of electrification and autonomous driving, as well as digitalization and automation throughout the whole value chain. "We are optimizing our operations for a more effective and cost-efficient structure to best serve our customers and to build an even more competitive position" said Mikael Bratt, President, and CEO of Autoliv. "At the Investor Day, we will outline how continued changes in safety regulations and ratings drive development of new products supporting continued growth in safety content per vehicle. Combined with our strong global market positions, this will drive our sales and profit growth for many years to come. We will also demonstrate how we will take operational excellence to the next level, which will support our journey towards our financial targets and continued shareholder value creation" continued Mikael Bratt. Sustainable Growth Autoliv reiterates its growth targets. For the years 2022-2024, we expect to grow organically* by around 4 percentage points more than light vehicle production (LVP) growth per year, on average. The growth trend is on track to significantly exceed LVP +4pp per year for the period, partly due to price increases to offset recent years high-cost inflation. The Company estimates that, also when adjusting for these price increases, it will meet or exceed the growth target for the period 2022-2024. The Company also reiterates its long-term growth target beyond 2024, where it aims to grow sales organically by 4-6% per year, over time. This is based on growth coming from safety content per vehicle, LVP and from Mobility Safety Solutions. Profitability Autoliv reiterates its medium-term target of a 12% adjusted operating margin*. This relies on the continued implementation of our structural and strategic initiatives, including automation, digitalization and footprint optimization, together with the conditions that the business environment is a stable global LVP of at least 85 million and that headwinds from inflation do not have a greater net negative impact on our operating margin than they had in 2021 (offset through price compensations or declining raw material prices). Balance Sheet and Shareholder Value Creation Autoliv reiterates its aim for a cash conversion* (operating cash flow less capex, net vs. net income) of at least 80%. The Company maintains its target for a leverage ratio* (net debt to adjusted EBITDA) of around 1x, with a range of 0.5x to 1.5x. At the Investor Day, the Autoliv will outline its plan to deliver on its targets for sustainability, growth and profitability. This will include discussing our capital efficiency program, which focuses on the efficient management of receivables, inventories and payables. Combined with the execution of our strategic plan, this should lead to a strong cashflow generation. This should provide for significant shareholder value creation, while maintaining financial leverage commensurate with a strong investment grade credit rating. The current stock repurchase program authorizes the Company to repurchase up to $1.5 billion or up to 17 million common shares (whichever comes first), between January 2022 and the end of 2024. Under the program Autoliv has currently repurchased 2.3 million shares for a total of $194 million. Attending the Investor Day The investor day is today at 12.00 p.m. EDT at the Autoliv Tech Centre in Auburn Hills, Michigan, USA. The event will be webcasted live between 12.00 p.m. and around 3 p.m. EDT. The webcast can be accessed via the Autoliv webpage A replay of the webcast will be available on our website Autoliv webpage shortly after the conclusion of the event and will remain available for a period of two years. Inquiries Autoliv: Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14 Media: Gabriella Ekelund, Tel +46 (70) 612 64 24 * The forward-looking non-U.S. GAAP financial measures above are provided on a non-U.S. GAAP basis. Autoliv has not provided a U.S. GAAP reconciliation of these measures because items that impact these measures, such as costs and gains related to capacity alignments and antitrust matters, cannot be reasonably predicted or determined. As a result, such reconciliation is not available without unreasonable efforts and Autoliv is unable to determine the probable significance of the unavailable information. See our quarterly report on Form 10-Q filed with the SEC on April 21, 2023 for definitions of these non-GAAP measures. About Autoliv Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2022, our products saved close to 35,000 lives and reduced more than 450,000 injuries. Our close to 70,000 associates in 27 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We drive innovation, research, and development at our 14 technical centers, with their 20 test tracks. Sales in 2022 amounted to US $ 8.8 billion. For more information go to www.autoliv.com. Safe Harbor Statement This release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and/or data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. All medium and long term targets are considered forward-looking statements. Additionally, in some cases, you can identify these statements by forward-looking words such as "estimates", "expects", "anticipates", "projects", "plans", "intends", "believes", "may", "likely", "might", "would", "should", "could", or the negative of these terms and other comparable terminology, although not all forward-looking statements contain such words. Because these forward-looking statements involve risks and uncertainties, the outcome could differ materially from those set out in the forward-looking statements for a variety of reasons, including without limitation, general economic conditions, including inflation; changes in light vehicle production; fluctuation in vehicle production schedules for which the Company is a supplier; global supply chain disruptions, including port, transportation and distribution delays or interruptions; supply chain disruptions and component shortages specific to the automotive industry or the Company; disruptions and impacts relating to the ongoing war between Russia and Ukraine; changes in general industry and market conditions or regional growth or decline; changes in and the successful execution of our capacity alignment, restructuring, cost reduction and efficiency initiatives and the market reaction thereto; loss of business from increased competition; higher raw material, fuel and energy costs; changes in consumer and customer preferences for end products; customer losses; changes in regulatory conditions; customer bankruptcies, consolidations, or restructuring or divestiture of customer brands; unfavorable fluctuations in currencies or interest rates among the various jurisdictions in which we operate; market acceptance of our new products; costs or difficulties related to the integration of any new or acquired businesses and technologies; continued uncertainty in pricing and other negotiations with customers; successful integration of acquisitions and operations of joint ventures; successful implementation of strategic partnerships and collaborations; our ability to be awarded new business; product liability, warranty and recall claims and investigations and other litigation, civil judgements or financial penalties and customer reactions thereto; higher expenses for our pension and other postretirement benefits, including higher funding needs for our pension plans; work stoppages or other labor issues; possible adverse results of pending or future litigation or infringement claims and the availability of insurance with respect to such matters; our ability to protect our intellectual property rights; negative impacts of antitrust investigations or other governmental investigations and associated litigation relating to the conduct of our business; tax assessments by governmental authorities and changes in our effective tax rate; dependence on key personnel; legislative or regulatory changes impacting or limiting our business; our ability to meet our sustainability targets, goals and commitments; political conditions; dependence on and relationships with customers and suppliers; the conditions necessary to hit our medium term financial targets; and other risks and uncertainties identified under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Reports and Quarterly Reports on Forms 10-K and 10-Q and any amendments thereto. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any forward-looking statements in light of new information or future events, except as required by law. The following files are available for download: https://mb.cision.com/Main/751/3784618/2119967.pdf ALV Investor Day 2023 Final
– Proceeds to support the development of Eccogene's clinical-stage metabolic pipeline including ECC5004, a small molecule GLP-1 receptor agonist for obesity and type 2 diabetes, and ECC4703, a THRβ full agonist for NASH and lipid disorders BOSTON and SHANGHAI, June 12, 2023 /PRNewswire/ -- Eccogene Inc., a clinical-stage biotechnology company developing innovative therapeutic solutions for metabolic diseases, today announced a CNY 180 million (about $25 million) Series B financing. The financing was co-led by New Alliance Capital and Zhangjiang Healthcare Venture Capital. The syndicate also included new investors Rockbleu Capital, YuFu Investment, Huajin Capital, Elikon Venture and existing investors Delos Capital, Oriza Seed Capital and Qingsong Capital. The proceeds from the financing will be used to support the development of Eccogene's clinical-stage programs including the Phase I trial of ECC5004, a small molecule GLP-1 receptor agonist for obesity and type 2 diabetes, and the Phase I trial of ECC4703, a THRb full agonist for NASH and lipid disorders, as well as to further advance Eccogene's preclinical programs for metabolic and immunological diseases. Eccogene's clinical pipeline comprises: ECC5004, a once daily, low dose, small molecule GLP-1 receptor agonist (GLP-1RA) is currently in a US Phase I clinical trial in healthy participants and patients with type 2 diabetes (T2D); ECC5004 has been demonstrated in preclinical studies to possess desirable efficacy and a safety profile with the potential to be the best-in-class GLP-1RA. ECC4703, a THRβ full agonist, which is currently in a US Phase I trial in healthy participants and subjects with elevated LDL; ECC4703 has demonstrated superiority over partial agonist MGL-3196 in pre-clinical studies. It has also shown robust efficacy in pre-clinical models of NASH and dyslipidemia. ECC0509, a peripherally distributed SSAO/VAP-1 inhibitor, which is near completion of a Phase I clinical trial. "We are thrilled that the series B financing enables us to advance clinical trials of a potentially best-in-class small molecule GLP-1RA to treat obesity, diabetes, and related complications, and to further develop several highly differentiated assets for metabolic and immunological diseases," said Jingye Zhou, Chief Executive Officer of Eccogene. "This financing brings us a step closer to providing clinical benefits to hundreds of millions of patients affected by obesity, T2D and NASH globally." About Eccogene Eccogene is a clinical stage biopharmaceutical company dedicated to providing innovative therapeutic solutions to address unmet medical needs globally. The company focuses on the discovery and development of translational medicine for metabolic and immune-related diseases.
Inaugural Annual Conference Organised By Bull Bear Vector Encourages Responsible Investing Attendees Will Be Invited To Make Their Pledge Towards The Investing For Good Movement SINGAPORE, June 9, 2023 /PRNewswire/ -- Investing has long been recognised as a powerful tool for growing wealth and securing a comfortable future. With the potential to outpace inflation and generate substantial returns, investing offers individuals the opportunity to achieve financial independence and safeguard their assets against the erosive effects of rising costs. However, despite the myriad of benefits, many investors find themselves losing out due to a lack of knowledge of understanding. The inaugural Investing For Good conference aims to change this narrative by providing attendees with valuable insights and education on the intricacies of professional investing. Organised by Bull Bear Vector (BBV), Investing For Good recognises individuals who invest responsibly by doing proper due diligence, acquiring the right knowledge and skills to enter the investment market confidently. The conference aims to share more on what professional investing is all about and empower attendees with the tools to invest on their own and will take place on 22 June 2023 from 6pm – 10pm at the Lifelong Learning Institute, Event Hall 1-1, and Training Room 1-1. Priced at $28 per ticket, 20 % of ticket sales will be donated to the Gold Tree Foundation (GTF). GTF is an initiative that aims to uplift communities and make a difference in the lives of those in need. They support a wide range of charitable causes, from food to educational charities. Some of the beneficiaries that will receive the money collected from the sales of the conference tickets are the Sree Narayana Mission and the Humanitarian Community Services Association (HCSA). Attendees will not only get a chance to network with others with the same interests, but also get to hear from some of the best representatives in the industry. Experts such as Leonard Eng from TD Ameritrade SG, James Yoong from IPP Financial Advisers and David Neubronner from Sotheby's International Realty will be present to share their professional insights with attendees and help bridge the gap between misinformation and investing. Those who are down on the day can also expect exciting events such as quizzes, games, workshops and more. Some valuable takeaways that attendees will learn from the event include the use of SMART goals, which stands for the following: Specific: Setting specific investment goals by identifying the reason for investing and how much to invest Measurable: Attaching a specific dollar amount to investment goals Achievable: Ensuring that goals set do not lower motivation and pull resources away from other goals Relevant: Aligning investment goals with broader values and motivations Time-bound: Setting an end-date to the investment goal to help calculate how much is needed to invest and to provide a sense of urgency. The conference also aims to impart three key values — accountability, responsibility, and ethics. Attendees will be encouraged to be accountable for their financial position and say no to over-leveraging and responsible for the possible impact of their investment decisions. On top of that, attendees will also learn to make a positive contribution towards society with their investments and avoid investing in industries known to cause harm. Jeremy Tan, CEO of Bull Bear Vector says: "With Investing For Good, we aim encourage individuals to be stewards for positive impact, to invest responsibly and ethically and are accountable for their actions by exercising proper due diligence. We hope to empower all with the right skills and knowledge to enter the investment market with confidence." While strong financial knowledge and decision-making skills are required of a good investor, so is practice, which helps one learn from their mistakes. However, not all may have the time nor energy for them to practice and gain experience. Hence, the Investing For Good Movement aims to provide a community of individuals who are committed to supporting this community of investors with the right knowledge to invest the smart, simple, and safe way. Attendees at the conference will be invited to make their pledge as a symbol of their commitment and support for likeminded investors in the community. Bull Bear Vector is a portfolio management education platform that aims to simplify investing and provide holistic support to their users, using Artificial Intelligence and Automation. Powered by Core Biz Holdings, BBV uses artificial intelligence (AI) to leverage user preferences and market forces to offer clear direction for investments. The advanced algorithms analyse large amounts of Big Data and present them as simple decisions to users, taking the hassle out of investments. BBV's platform boasts impressive capabilities, such as the ability to find strong stocks, scan fat options and find safe entry and exit in less than five minutes. These capabilities are all backed by expert methodology and inhouse practices to ensure that users can make the most informed decisions. Bull Bear Vector is revolutionising the investment landscape by offering a comprehensive solution that caters to the needs of most people who struggle with financial losses. With its user-friendly platform, simplified investing language, and AI-powered algorithms, Bull Bear Vector empowers retail investors to make informed decisions, reduce risks, and increase their chances of earning in the stock market. With the platform as their guide, users can navigate the stock market with reduced uncertainty and increased safety. Interested parties may register for the conference at https://www.eventbrite.sg/e/investing-for-good-tickets-626837155807. For more information on Bull Bear Vector, visit https://bullbearvector.com/
NEW YORK, June 9, 2023 /PRNewswire/ -- Color Star Technology Co., Ltd. (Nasdaq: ADD) ("Color Star" or the "Company"), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, announces that its subsidiary, Color Metaverse Pte. Ltd., recently entered into a strategic cooperation framework agreement with Hua Yu Sheng Shi Group ("Hua Yu Group" or the "Group") to work together on developing new entertainment and sports IPs in the future, with terms to be set forth in a definitive written agreement. The partnership will involve co-organizing large-scale events, talent cultivation programs, variety shows, agency operations and commercial rights management. Hua Yu Group has a registered capital of 100 million Chinese Yuan. Its resources are diversified, covering culture and sports, film and entertainment, artificial intelligence technology and asset management. Both parties will aim to cooperate in creating new IPs relating to entertainment performances, sports events and artwork copyrights targeted at the global market. By combining their resources, Color Star and Hua Yu Group plan to work together to build a new platform for innovation and entrepreneurship in the city of Nansha, China as well as organizing film festivals and introducing more international events, international soccer stars, and film stars to the Chinese market. In terms of sports and culture, the plan is to link up with government-sanctioned sports programs with various international sporting associations. Simultaneously, the parties plan to also actively promote public welfare, and strengthen international exchanges, integration, innovation and development. In the past, Color Star had already created its own music festival IP named "Color Music Festival", which has already held a number of performances with sensational results. With the live events industry booming once again, the Color Music Festival will gradually make its comeback, and is expected to be a key focus of cooperation for both parties. This year, Color Star has organized multiple live performances, actively cooperating with leading companies in the industry on advancing stage production technologies, outputting new IPs, and copyright partnerships in order to maximize company profits during the ongoing industry boom. Louis Luo, CEO of Color Star, said, "In view of our current company operations, live performances have become our biggest source of revenue, so we have strengthened our cooperation with outstanding companies, while putting more focus on entertainment IPs, copyright revenue and incubating businesses. Take our "Color Music Festival" for example; in addition to event tickets, there are also merchandising and copyrights that can generate additional revenue. By bringing our festival to various regions of the world and inviting celebrities to perform, it not only generates publicity for our festival, but also generates a constant stream of profit for the Company." About Color Star Technology Co., Ltd. Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. The Company's online education is provided through its Color World music and entertainment education platform. More information about the Company can be found at www.colorstarinternational.com and www.colorstar.investorroom.com. Forward-Looking 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 guarantee 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, including the development of the metaverse project; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market internationally where ADD conducts its business; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. 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 U.S. Securities and Exchange Commission, 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 unless required by applicable laws, regulations or rules.
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