SINGAPORE- Media OutReach – 20 October 2020 – A total of 81 projects and business leaders across Asia were selected as
recipients of the Asia Responsible Enterprise Awards 2020 (AREA),
which was an increase of 27% from last year. Widely regarded as the gold
standard for CSR and sustainability practice, this year’s award ceremony was
organized virtually due to the unprecedented global healthcare crisis. A
diversity of industries and leading organizations from all over the region
received the AREA, demonstrating a continued dedication to responsible business
practices despite the pandemic.

Organized by
Enterprise Asia, the leading non-governmental organization for responsible
entrepreneurship in Asia, the AREA aims to recognize and honor Asian businesses
and leaders for championing sustainable and socially responsible business
practices. The award categories are Social Empowerment, Investment in People,
Health Promotion, Green Leadership, Corporate Governance, Circular Economy
Leadership and Responsible Business Leadership. Through the award ceremony,
this unique opportunity has provided over 600 attendees to interconnect and
celebrate virtually.

Company
Introduction

Sisaran Group
is a property development company based on Thailand’s Eastern Seaboard
promoting green leadership throughout Thailand. Sisaran Group aims to set new
standards in green leadership and community development through their
award-winning CSR project the “Bang Saray Developent Program (B.D.P)”.

Bang Saray Development
Program (B.D.P)

The “Bang Saray Development Program (B.D.P)” launched
in 2017 and has continued to expand by engaging the community, local business,
NGO’s and government agencies. The main aim of the project is to protect the
local ecosystem and environmental resources upon which the local community
depends. The project is focused on engaging the local community and other
stakeholders in order to deliver environmental change whilst promoting sustainable
business development in the area. Furthermore, the project focuses development
in the area. Furthermore, the project focuses on educating the local community
and other stakeholders in order to have a wider long-term impact. Sisaran Group
is also committed to sustainable development with their new “ECO” brand of
semi-sustainable developments.

The Clean Up Project

The
project conducted surveys of the local area for high pollution zones and
potential sites for renovation and improvement. After creating detailed grid
zones, reference points and information, the B.D.P engaged the local community
leaders, local businesses and government organizations to formulate actionable
plans.

One
of the main focuses was on monthly “clean up” projects in partnership with
other stakeholders to create awareness. The project conducted specific “clean
up” of highly polluted areas to improve local resident’s standard of living and
engage them in sustainable development initiatives. The Company also focus on
educating the local community and visitors through events, signage, printed
collaterals, face to face visits and social media. Other areas of focus include
engaging schools for education projects based around tree planting and plastic
pollution. The project installed recycling bins and anti-pollution signage in
the local area and at the project sites to further promote sustainability and
reduce pollution

Achievements and Impact

The project has conducted 30
community “clean up” and 15 specific “clean up” projects of high waste areas
which has significantly impacted the local community and environment. In
addition, the project has planted over 500 trees in the local area in
partnership with schools and government organizations. The project has also
conducted several “Art for Education” projects within the local community.
Currently 10 major renovation projects have been completed. These include the
renovation of the local park by cleaning, tree planting and installation of new
benches and points of interest. During the recent COVID-19 outbreak, the focus
has been aimed in supporting and engaging the local community through the
Company’s Corporate Social Responsibility (CSR) initiative of “Move Forward
Together” and “Buy Local – Support Community”. Sisaran Group also regularly
supports a wide range of charity and other local government initiatives. The
project has won multiple awards and accreditations for CSR.

Future Direction

Sisaran
Group aims to further develop the Bang Saray Development Program alongside a
range of other sustainable initiatives to set a new standard for Green
Leadership in Thailand. Sisaran plans to continue with their monthly “Clean Up”
and “Specific Clean Up” projects, tree planting and environmental education
projects.

The
next phase of the program will focus on supporting the local community through
a range of new initiatives. These include the instillation of tourist
information and environmental education points across the area. This will
include a local guidebook which reinforces and educates the need for
sustainability. They are also working with local artists to produce calendars
and environmental street art to support the community. They are also preparing
to renovate local landmarks such as the whale shark statue to raise awareness
of ocean pollution. The Company also plan to further strengthen staff training
to promote sustainability and set a new benchmark for Green Leadership in
Thailand.

About Enterprise Asia

Enterprise
Asia is a non-governmental organization in pursuit of creating an Asia that is
rich in entrepreneurship as an engine towards sustainable and progressive
economic and social development within a world of economic equality. Its two
pillars of existence are investment in people and responsible entrepreneurship.
Enterprise Asia works with governments, NGOs and other organizations to promote
competitiveness and entrepreneurial development, in uplifting the economic
status of people across Asia and in ensuring a legacy of hope, innovation and
courage for the future generation. For further information, visit www.enterpriseasia.org.

About Asia Responsible Enterprise Awards

The Asia Responsible Enterprise Awards program recognizes and honors
Asian businesses for championing sustainable and responsible entrepreneurship
in the categories of Green Leadership, Investment in People, Health Promotion,
Social Empowerment, Corporate Governance, Circular Economy Leadership and
Responsible Business Leadership. For more information, visit: https://enterpriseasia.org/area/.

Celebrate with iShopChangi on its 7th anniversary by scoring fantastic deals across categories, including top wine & spirits’ brands. With sitewide promotions, weekly flash deals and product highlights to look out for this November, shoppers can save up to 50% off with every purchase on top of enjoying duty-absorbed prices. 

SINGAPORE – Media OutReach – 19 OCTOBER 2020 – What better way to usher in the 7th year anniversary than with an abundance of promotions, product specials and flash deals on your favourite beauty products, electronic gadgets and alcohol brands? In true fashion, iShopChangi will be featuring coveted deals for ardent shoppers, with sweeter deals in store during their 11.11 specials this coming November.

It’s never too early to kickstart your shopping extravaganza, especially since the year-end festivities are just around the corner. Tick items off your wishlist by scoring up to $150 off on your favourite products and brands – from beauty and electronics to fashion apparel and wines and spirits.

Snap Up Unbeatable Deals on Wines & Spirits

Nothing like a good ol’ tipple to put you in that holiday mood! Shining a spotlight on top Wines & Spirits’ brands this anniversary, there is no better time to splurge on your favourites – especially with new arrivals and mega deals going for up to 50% off. Fastest fingers get flash vouchers worth 15% off every Wednesday at 12PM, for a limited period.

Some of the new arrivals include traditional Japanese liqueur and rice sake classics like CHOYA and YOPPARI HANAOMOI JUNMAI DAIGINJO. Fans of Japanese Whiskeys can get their hands on cult-favourites HIBIKI and YAMAZAKI. In lieu of 11.11 sales, tipplers can revel in upsized discounts and deals on their go-to spirits, with a ‘1-for-1’ special.

If you are a UOB cardholder, you can enjoy 10% off your deals all-campaign long on top of price discounts with code ISCUOB10.

Sitewide Promotions, Bigger Savings

Indulge in guilt-free shopping with sitewide promotion codes on top of duty and tax-free prices with Changi Airport’s leading e-commerce platform. With the exception of a select few items, shoppers can look forward to tiered discounts – with every $70, $270, and $700 spent, discounts of $7, $27, and $77 apply.

The party doesn’t end there. Exclusively for iShopChangi members, stack your savings with $10 off every $100 spent, redeemable for up to 7 purchases. Not a member yet? This is the best chance to do so! Just for the big bash, Changi Rewards is christening the deal for new members with a special first time perk of 50% off capped at $20, limited to the first 1,000 shoppers.

When it comes to incredible deals on quality products, iShopChangi’s 7th anniversary bash delivers in a big way – with stacked discounts, perks and rebates. With 11.11 sales around the corner, you wouldn’t want to miss a sweet deal like this – stay connected with iShopChangi on Facebook.

About Changi Airport Group

Changi Airport Group (Singapore) Pte Ltd (CAG) (www.changiairportgroup.com) was formed on 16 June 2009 and the corporatisation of Singapore Changi Airport (IATA: SIN, ICAO: WSSS) followed on 1 July 2009.  As the company managing Changi Airport, CAG undertakes key functions focusing on airport operations and management, air hub development, commercial activities and airport emergency services.  CAG also manages Seletar Airport (IATA: XSP, ICAO: WSSL) and through its subsidiary Changi Airports International, invests in and manages foreign airports. 

About iShopChangi

iShopChangi was launched in 2013 as an extension of Changi Airport’s promise to deliver greater comfort and convenience to travellers in its suite of airport retail offerings. Passengers can browse and purchase tax- and duty-free products across all terminals between 30 days to 12 hours pre-flight on the e-store — and choose to collect their items at Collection Centres within departure, upon arrival or have them delivered free in Singapore. Providing easy access to over 30,000 products across 900 brands and exclusives such as Changi First product launches, the site has since received global recognition with its award for Best Website — Retail Customer Facing at The Moodies: the Airport and Travel Retail Digital Media Awards 2018. In early 2020, the e-commerce store started to retail a selection tax- and duty-absorbed products to Singapore-based residents without the need to fly.

• Global study predicts
  office sector recovery to be slow, but full recovery expected despite
  work-from-home trend
• Less affected by
  the work-from-home trend, Hong Kong office market is expected to see a certain
  level of momentum starting 2H 2021

HONG KONG, CHINA – Media OutReach
– 19 October, 2020 –
Cushman & Wakefield (NYSE: CWK), a leading global real estate services
firm, recently released its first-ever Global Office Impact Study, projecting
that the world’s office leasing fundamentals will be significantly impacted by
the COVID-19 recession and the work-from-home trend, but they will ultimately
begin to improve in 2022 and will fully recover by 2025. The full recovery
timeline is consistent with what was observed during the Great Recession, but
at a slight lag due to the work-from-home trend. The report was developed by
the firm’s newly organized Global Think Tank, a team of senior researchers and
economists from around the world. The study analyzed the cyclical and
structural changes impacting the global office market and the implications for
recovery.

“We set out to answer the foundational and somewhat ambiguous question
of ‘what will become of the office’ by taking a deep, scientific look at the
forces created by this pandemic and the cumulative impacts on office sector
fundamentals,” said Kevin Thorpe, Cushman & Wakefield’s Chief Economist
and Global Head of Research. “We’ve examined the collective impact of these
forces, including job losses, office vacancy and rental rates, geographic
characteristics, and work from home expansion, to establish future-looking
scenarios that, under our base case, ultimately project a full global office market
recovery. Of course, all real estate is intensely local, and not every local
market will follow the same path to recovery.

Key findings from the
2020 Global Office Impact Study are concentrated on the full economic and
employment recovery anticipated for Q1 2022, and the corresponding demand for
office space as vacancies begin trending downwards and rental rates begin
appreciating. By 2025, global office vacancy is anticipated to return to
pre-crisis levels of approximately 11%, with rents returning to pre-crisis peak
levels.

“Even though the impact of work-from-home trends will slow the office
market recovery, the overall growth in office-using job sectors along with many
other factors — including agglomeration, culture/branding, and productivity —
collectively indicate that the office will continue to play an important role
in the economy going forward, said Rebecca Rockey, Global Head of
Forecasting at Cushman & Wakefield. “With this study, we’re looking
into an uncertain environment through the lens of evidence, data, and science.”

The study finds that increased flexible working and work-from-home
practices are less prevalent across Asia Pacific as a whole compared to
other regions and are unlikely to have meaningful alteration on the outlook for
the region’s office market. In Hong Kong, office demand will likely remain
driven by cost-saving relocations over the near-term. Keith Hemshall,
Cushman & Wakefield’s Executive Director & Head of Office Service, Hong
Kong said: “Should the Covid-19 vaccine be available by mid-2021, we expect
the market to regain some positive momentum in the second half. Leasing
activity is likely to be concentrated in upcoming new developments that offer high
quality specifications and attractive commercial terms for pre-commitment.  Some of the key developments including Two
Taikoo Place (Swire Properties) in Quarry Bay, AIRSIDE (Nan Fung Group) in Kai
Tak, 98 How Ming Street (Sun Hung Kai Properties) in Kwun Tong and 91 King Lam
Street (New World Development) in Cheung Sha Wan will draw significant tenant
interest.” In view of this, Cushman & Wakefield forecasts the city’s Grade
A office net absorption will return to a positive level in 2022, amounting to
around 1.1 million sq ft.

However, from a Landlord perspective, the 3.8 million sq ft of new
supply forecast for 2022 will be the highest annual total on record and will
exert significant downward pressure on rents. Eric Chong, Associate Director
of Research Hong Kong, at Cushman & Wakefield, said: “Despite a
positive take-up forecast in 2022 and 2023, landlords in the city are likely to
come under increasing pressure due to these large-scale new developments
entering the market. We expect average rentals in Overall and Greater Central
to decline by 25-30% and 32-37% between Q3 2020 and Q4 2023 before bottoming
out in 2024.”  

The 2020 Global Office Impact Study is the first of a four-part series,
which will provide a new and thoughtful look into the future of the office, and
the role it will play in a post-pandemic environment.

Read the 2020
Global Office Impact Study here

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a
leading global real estate services firm that delivers exceptional value for
real estate occupiers and owners. Cushman & Wakefield is among the largest
real estate services firms with approximately 53,000 employees in 400 offices
and 60 countries. Across Greater China, there are 22 offices servicing the local
market. The company won four of the top awards in the Euromoney Survey 2017 and
2018 in the categories of Overall, Agency Letting/Sales, Valuation and Research
in China. In 2019, the firm had revenue of $8.8 billion across core services of
property, facilities and project management, leasing, capital markets,
valuation and other services. To learn more, visit www.cushmanwakefield.com.hk
or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china)

Instilled positivity among 800 beneficiaries and fundraised for Mental Health Foundation

HONG KONG, CHINA – Media OutReach – 19 October
2020 – AXA Hong Kong is committed to
enhancing the holistic wellness of Hong Kong people. This year, AXA Corporate
Responsibility Week (‘CR Week’) mobilised 300 volunteers to promote mental
health through a series of remote volunteering activities to support underprivileged
families and individuals with mental health challenges and raised funds for
Mental Health Foundation.  

This year’s AXA Corporate
Responsibility Week mobilised 300 volunteers to promote mental health through a
series of remote volunteering activities to support 800 beneficiaries from underprivileged
families with mental health challenges and raised funds for Mental Health
Foundation. 

In this year’s CR Week, AXA Hong Kong collaborated with five
non-governmental
organisations (‘NGOs’), including Christian Action, Mental Health Foundation,
New Life Psychiatric Rehabilitation Association, St. James’ Settlement and Hong
Kong Young Women’s Christian Association, to
create DIY
mental-healing items. These items were later sent to 800 beneficiaries with
mental health challenges, together with gift packs consisting of staple food
items, anti-epidemic items and daily necessities.

The DIY mental-healing items made
by volunteers include:

• Drawings from Art Jamming: Paintings with
  mental-healing colours to bring positivity to families with member(s) suffering
  from mental health issues.
• Cheer-up Booklets: Booklets with supportive
  messages to families with children who have special educational needs to show
  encouragement and support.
• Rain Sticks: For families with children with
  special educational needs. The sound of rain will stimulate the sense of
  hearing for them.
• ‘Positive Stand by Me’ Message
  Boards: Message boards with
  encouragement for individuals with mental health issues.
• Upcycled Plastic Bottle Plant
  Pot: Used plastic
  bottles were repurposed to become plant pots for kids to complete the design
  with their parents and start planting their own plant.

What’s more, near
200 financial
consultants together with their families and friends  joined the ‘Sports Challenge‘ organised by AXA Group, in which they had to do
one-hour walking or running in a weekend. With each participation, AXA Hong
Kong would make a donation in the name of the participants to Mental Health
Foundation. For each participant who walked or ran 2km to 5km, AXA Hong Kong will
donate HKD100; for those completed more than 5km, AXA Hong Kong will donate
HKD200 for each of them. Collectively the volunteers completed 789km,
equivalent to almost 19 marathons, and raised close to HKD25,000 for Mental Health
Foundation.

Project awarded the Financial Sector Technology & Innovation (FSTI) Proof of Concept Grant by MAS

CORRECTION by Hashstacs

– The 6th paragraph in the previous version has been deleted

– The sub headline and the designation of the EFG Bank have been
changed

The corrected release reads:

SINGAPORE / HONG KONG, CHINA – Media OutReach – 19 October
2020 – Hashstacs Pte Ltd (also known as
“STACS”), a Singapore FinTech company focusing on Blockchain technology solutions
for financial institutions, announced its partnership with EFG Bank (“EFG“)
to co-develop a Blockchain platform that will enhance and simplify the
processes of structured products.

“Project Nathan — Smart
Structured Products”, a collaboration between STACS and EFG, aims at using new
Distributed Ledger Technology (DLT) to automate and manage the entire lifecycle
of a structured product. The Nathan platform comprises the underlying STACS
Blockchain and smart contracts, and a business application with an intuitive
user interface.

The Nathan platform was
awarded the Monetary Authority of Singapore (“MAS“)’s Financial Sector Technology and
Innovation (FSTI) Proof of Concept (POC) grant on 2 March 2020. The FSTI POC
grant provides funding support for experimentation, development and
dissemination of nascent innovative technologies in the financial services
sector.

Project Nathan achieved
many milestones through close collaboration work between STACS and EFG. It is
currently in its first phase, where STACS worked with EFG to remodel the
workflows involved in a structured product transaction, facilitated the
internal efficiencies between various EFG departments involved in structured
product transactions, as well as looked at the usage of smart contracts to
automate aspects of trade inception and trade servicing.

Mr Benjamin Soh, Managing Director of STACS, said: “Tapping on the
success of Phase 1 of Project Nathan, we are now able to proceed with further
phases of commercialisation for the Nathan Platform, and look towards further
rollout of our digitalisation initiatives towards the wider industry.”

Mr Ivan Ferraroni, Head of Global Markets Asia of EFG said,
“Participating in this MAS funded initiative was an exciting experience for
EFG and our team members.  This is in
line with our efforts to change the speed and scope of digitalisation in our
business. Working with STACS has been very smooth and seamless, and we
certainly managed to learn from each other. The project is innovative,
demonstrates significant efficiency gains and can be extended to other asset
classes in the future.”

Codeveloping Blockchain Use cases with market participants

With recent trends of blockchain adoption in the capital markets, STACS
serves as a complete solutions partner. By co-developing a Blockchain project
with EFG, STACS has provided a model for market participants, providing them a
solution for industry pain-points highlighted by the participants. STACS also
provides a full suite of platforms covering different services in various live projects
with multiple stock exchanges and commercial banks in both the EU and Asia.

“Project Nathan demonstrates the commitment of STACS as an
innovative fintech development company to help financial institutions like EFG
Bank to embrace digitalisation and seek new opportunities.  This is an exciting time in the FinTech world
as we see a growing number of institutions looking at Blockchain, and EFG has
taken the lead to adopt this innovative approach to structured products.
Adoption of new technologies by financial institutions will enable them to reap
the benefits of reducing costs and improve efficiencies,” added Mr Benjamin Soh.

About STACS

Hashstacs Pte Ltd
or “STACS” is a Singapore fintech development company providing ready platforms
that make global markets simpler for financial institutions. STACS is leading
the way forward by digitalizing assets, processes and documents using next
generation blockchain-based technology. Its clients and partners include
investment banks, stock exchanges, custodian banks, asset managers and private
banks. STACS is a recipient of the MAS FSTI POC grant, and a technology
participant of the MAS Project Ubin.

About EFG

EFG International is a global private banking group offering
private banking and asset management services and is headquartered in Zurich.
EFG International’s group of private banking businesses operates in around 40
locations worldwide. Its registered shares (EFGN) are listed on the SIX Swiss
Exchange.

SINGAPORE – Media
OutReach – 19 October 2020 – Seeing an
opportunity in the gig economy, Flexgigzz
has recently revealed a bold plan to hire 5,400 employees by the 3^rd
quarter of 2021, and over 90% of them will be remote workers working from their
homes. The new employees will be sourced globally from over 1,800 cities in 150
countries. The aim is to expand its market base to reach out to more
individuals reeling in from the pandemic’s effect as most countries are facing
economic recession and rising unemployment rates.

2020 has been full of surprises and nine months in, we are still facing many
challenges that the impact of the COVID-19 pandemic has brought upon and
pushing large nations into economic recession. ​The global financial system has
slowed down leading to an increased of overall unemployment rate to its highest
level, as retrenchments has more than doubled and business institutions
shutting down.

Flexgigzz – derived from the words flexible gigs offers a
solution for freelancers and employers to interact by allowing freelancers to
post their gigs online and for potential employers to utilise their service via
the platform www.flexgigzz.com which has recently
experienced significant growth in the number of signups as  it offers various solutions such as
verifications, chats, payment and service validation after the work is
completed, providing both parties peace of mind.

Flexer Community Manager, Sally who is incharge of freelancer’s
enrolment and program added: “We are not just a gathering for freelancers; we
are a gathering for talents worldwide where individuals can post their gigs and
apply for jobs. We are here to enhance their reach and provide exemplary
support to their freelance journey.” The platform itself was designed to
be user friendly to accommodate users from various countries and languages. It
is also equipped with a 24/7 support assistance from the account administrators.

Base on the strong response in the recent months, Flexgigzz has since decided
to expand as it aims to offer alternatives and flexible jobs from talented
freelances and many of those who have lost their jobs recently. Its member’s signup rate has jumped by more than 300% to over 8,000
as many people are either adopting or opening up to the idea of working
freelance. 

This 5,400 new hiring will mainly be in 2 departments, Flexer community and the
recruitment partner department, targeting individual and business so as to
create more vibrant community of freelancer and change employer perspective
towards freelancing and working from home .To deliver this unique service,
Flexgigzz brings about its expertise in building a remote working community
that the company has operated for the past three years with headcounts from all
over the world. Funding this expansion, Flexgigzz will strategize their growth
plan on a mixture of new technology partner to enhance teamwork collaboration
and targeting new growth market.

Mega, Recruitment Partner Manager who is incharge of employer’s signup
explained, “For employers who don’t have time to screen hundreds of
freelancers that bid for a project,​ Flexgigzz provides a service to scout
freelancers that best fit the employer requirements and budget.” Flexgigzz
embraces diversity and equal opportunity in a serious way. We are committed to
building a team that represents a variety of backgrounds, perspectives, and
skills.

About Flexgigzz

Flexgigzz is an online platform for authentic freelancers to
offer their digital services to businesses across industries with 400+
categories. It is a modern and secure solution to the gig economy, allowing
companies to search for professional services without ever leaving their
office. It is our mission to change the world one gig at a time.

Like us on Facebook and join our growing community here at www.flexgigzz.com

Offer Price at Between HK$7.0 to HK$8.13 per Share to Raise Gross Proceeds up to HK$3.117 billion and to Introduce a Number of Solid Cornerstone Investors

HONG KONG,
CHINA – Media OutReach – 19 October 2020 – KWG Living Group Holdings Limited (“KWG Living” or
the Company”, together with its subsidiaries, the “Group”, HKSE stock code: 3913), a comprehensive property management service provider in China
today announces the details of the global offering
(the “Global Offering”) and the proposed listing of its shares (the “Shares”)
on the Main Board of The Stock Exchange of Hong Kong Limited (the “HKSE”).

The Global Offering is of a
total of 383,384,000 Shares (the “Offer Shares”), comprising an international
placing of 345,044,000 Shares, including 70,623,355 Reserved Shares under the
Preferential Offering (Could be reallocated and Depends on whether the
over-allotment option is exercised or not) (the International Placing) and a
Hong Kong public offering of 38,340,000 Shares (Could be reallocated) (the
“Hong Kong Public Offering”), representing approximately 90% and 10% of the
total number of the Offer Shares respectively. The indicative offer price (the
“Offer Price”) range is HK$7.0 to HK$8.13 per Share.

ABCI Capital Limited and
Huatai Financial Holdings (Hong Kong) Limited are the Joint Sponsors of Global Offering.
ABCI Capital Limited, Huatai Financial Holdings (Hong Kong) Limited, China
International Capital Corporation Hong Kong Securities Limited, Credit Suisse
(Hong Kong) Limited and Morgan Stanley Asia Limited are the Joint Global
Coordinators of Global Offering. ABCI Capital Limited, Huatai Financial
Holdings (Hong Kong) Limited, China International Capital Corporation Hong Kong
Securities Limited, Credit Suisse (Hong Kong) Limited, Morgan Stanley Asia
Limited (in relation to the Hong Kong Public Offering only), Morgan Stanley
& Co. International plc (in relation to the International Offering only),
BOCI Asia Limited, CGS-CIMB Securities (Hong Kong) Limited, CLSA Limited, CRIC
Securities Company Limited, HeungKong Securities Limited are the Joint
Bookrunners of Global Offering. ABCI Securities Limited, Huatai Financial
Holdings (Hong Kong) Limited, China International Capital Corporation Hong Kong
Securities Limited, Credit Suisse (Hong Kong) Limited, Morgan Stanley Asia
Limited (in relation to the Hong Kong Public Offering only), Morgan Stanley
& Co. International plc (in relation to the International Offering only),
BOCI Asia Limited, CGS-CIMB Securities (Hong Kong) Limited, CLSA Limited, CRIC
Securities Company Limited and HeungKong Securities Limited are the Joint Lead
Managers of Global Offering.

The Group introduced a number
of solid cornerstone investors (“Cornerstone Investor”), to subscribe for a
certain number of Offer Shares with an aggregate amount of US$120 million. The
cornerstone investors agreed that their shares purchased pursuant to their
respective cornerstone investors agreement, are subject to the six months
Lock-up period following the Listing Date. The cornerstone investors include Gaoling
Fund, L.P and YHG Investment, L.P.(“Hillhouse Funds”), Orchid China Master Fund
Limited and LMA SPC, Harvest Global Capital Investments Limited, Snow Lake China
Master Fund, Ltd., The Valliance Fund , China Lesso Group Holdings Limited, Oscar
and Partners Capital Limited, and Aspex Master Fund, of which Hillhouse Funds
subscribed for approximately US$50 million, and other cornerstone investors
each subscribed for US$10 million.

The net proceeds of the Global
Offering, after deducting the underwriting commissions and other estimated
expenses in connection with the Global Offering, are estimated to be
approximately HK$2,755.5 million, assuming an Offer Price of HK$7.56 per Offer
Share, being the midpoint of the proposed Offer Price range, and assuming the
Over-allotment Option is not exercised. These proceeds are intended to be
applied as follows:

• approximately 60% will be used to pursue strategic
  acquisitions and investment opportunities to further develop strategic
  alliances, expand business scale and increase market shares in residential
  property management service market and commercial and other non-residential property
  management and operational service market;
• approximately 25% will be used to upgrade the
  intelligent service systems in order to further enhance operational efficiency
  and service quality;
• approximately 10% will be used to further diversify
  value-added services;
• approximately 5% will be used for general business
  purpose and working capital.

KWG Living Group Holdings
Limited is a comprehensive property management service provider in China, carrying
the company philosophy of ”Careful Housekeeper”. KWG Living provide comprehensive
property management services for both residential properties and commercial
properties. Residential property management service segment comprises (i)
pre-sale management services; (ii) property management services; and (iii)
community value-added services, including (a) property agency services to
property developers and property owners; (b) home-living services to property
owners and residents; and (c) common area value-added services. The commercial
property management and operational service segment comprises (i)pre-sale management
services; (ii) commercial property management services; (iii) commercial
operational services; and (iv) other value-added services, primarily including
common area value-added services.

KWG Living focus on the development
in the Greater Bay Area and the track record had grown rapidly. According to
CIA, the Group was ranked 18th and 17th among the Top 100 Property Management
Companies in China (中國物業服務百強企業) in terms of overall strength in 2019 and 2020
respectively. As of April 30, 2020, the total GFA under management of
residential properties and commercial properties managed by the Group was 18.9
million sq.m. and 3.3 million sq.m respectively. These residential properties were
located in 38 cities or autonomous country in China, including major cities
such as Beijing, Shanghai, Chengdu and Suzhou. KWG Living has further
penetrated the Great Bay Area. According to the industry consultant of the
Company, Jones Lang LaSalle Corporate Appraisal and Advisory
Limited (“JLL”), among the property management companies with commercial
operational services, we were ranked seventh in China and fifth in the Greater
Bay Area in terms of total GFA under management. In the Greater Bay Area, as of
April 30, 2020, the group has a contracted construction area of 14.2 million sq.m,
accounting for 41.2% of the total contracted construction area. The Group’s
revenue increased from RMB 463 million in 2017 to RMB 1.125 billion in 2019, a
compound annual growth rate of 55.8%, and net profit increased from RMB 44.15
million in 2017 to RMB 185 million in 2019 , The compound annual growth rate is
104.8%.

KWG Living has won well-recognized reputation and premium brought for its high
quality service. The Group has won different awards, including the top 10
leading companies in terms of service quality among the 2020 Top 100 Property
Management Companies in China
(2020中國物業服務百強服務質量領先企業十強) by CIA, together with KWG Group, were awarded 2020 Top 100 Commercial
Property Companies in China (2020中國商業地產百強企業) (ranked No. 8) in 2020 by CIA and a 2019 high growth commercial property enterprise (2019年度高成長商業地產企業) by linkshop.com (聯商網) etc.
The Group believes that well-recognized market reputation will enhance the
customer stickiness, also help to secure high-profile property management
projects and enable to further grow business. In addition, customers are
generally willing to pay a premium for quality services. According to the
ranking of CIA, in 2019, among the top 10 leading property management companies
in the Greater Bay Area, the group was ranked first in terms of revenue per
sq.m. among the top 10 leading property management companies in the Greater Bay
Area.

KWG Living commercial property
management and operation business is advancing steadily. Meanwhile, the Group could
also provide diversified services to cater to the needs of different customers.
The Group have been provided commercial property management and operational
services since 2006. The commercial property management and operational
business targets mid- to high-end commercial properties, including office
buildings and shopping malls. According to JLL, given the different customer
base, management and operation of commercial properties typically yield higher
service fees and profit margin in general, as compared to residential
properties. Therefore, the Group has placed an emphasis on commercial property
management and operational business, with an expectation that it will enhance
financial performance and contribute to profitability of the Group. In addition to providing diversified property management services to
residential and commercial properties, the Group also provides a series of
value-added services, including second-hand property agency services for
residential properties, household cleaning, maintenance, remodeled apartment
design for elderly residents, and commercial property renovation, facility
maintenance and leasing advertising space. The Group’s business portfolio has
created a diversified source of income, which helps improve financial
performance and increase customer loyalty.

The good development of KWG
Living is benefited from the support of KWG group and the excellent experienced
management. KWG Living was spun-off from KWG Group. KWG Group is a large-scale
property developer which has further penetrated the Greater Bay Area and
Yangtze River Delta Area with a strong focus on first-tier, new first-tier and
second-tier cities. The land reserves of KWG Group and its continuous
expansion will bring about steady support to the Group’s business. The
extensive experience and strong management capabilities are key to the success
of the Group. KWG Group not only has capable workforce, the Group also provide
the employees with comprehensive trainings and established a talent pool
management system to cultivate the employees.

Moreover, the Group utilized
advanced technology to improve operational efficiency and customer experience. The
Group has been utilizing  “CoKWG” app to
provide residents with services including entry control, repair and maintenance
requirements. The Group has also installed various facilities in residential
properties under management for developing a smart community, which can save
labor cost while enhancing customer experience.

The Chairman, Non-executive
Director and a Controlling Shareholder MR. Kong Jianmin said, “KWG Living has already built a strong
foothold in the Greater Bay Area and will consolidate its leading position
there. Having set its sights on building up its nationwide business presence,
the Group will also seek to expand both its business and market shares in
Yangtze River Delta, Midwest China and, Hainan and Bohai Economic Rim. KWG
Living and KWG Group will also complement each other for mutual benefits based
on their good and stable relationship. After it is spun off through a separate
listing, KWG Living will have an independent platform for raising financing
directly. The move will also be conducive to the expansion of its investor base
and the improvement of the efficiency of its business operation and financial
management.”

Executive Director, the Chief
Executive officer and a Controlling Shareholder MR. Kong Jiannan said, “Residential property
development as an industry has been growing on the back of China’s urbanization
in the past several decades. This has generated a huge demand for residential
property management. Specifically, the Greater Bay Area’s market for
residential property management is booming. As a comprehensive property
management service provider in China, KWG Living will continue to grow and
further diversify into value-added services through acquisitions and strategic
investments. It will also upgrade its intelligent systems to further enhance
both the operational efficiency and customer experience. In the future, KWG
Living expects its revenue to continue to grow on the back of the increasing
gross floor area of properties under its management, its expanding geographical
market coverage and its further diversified service portfolio.”

The Hong Kong Public Offering commenced at 9:00
am on Monday, 19^th October 2020, and is expected to close at 12:00 noon on Thursday, 22^nd October
2020. The results of allocation in the Hong Kong Public Offering and the
Preferential Offering and the final Offer Price are expected to be announced on
Thursday, 29^th October 2020. Dealings in the Shares on the Main
Board of HKSE are expected to commence on Friday, 30^th October 2020,
with 3913 as the stock code.

White Application Forms and
prospectuses can be obtained from ABCI Securities Limited, Huatai Financial
Holdings (Hong Kong) Limited, China International Capital Corporation Hong Kong
Securities Limited, Credit Suisse (Hong Kong) Limited, Morgan Stanley Asia
Limited, BOCI Asia Limited, CGS-CIMB Securities (Hong Kong) Limited, CLSA
Limited, CRIC Securities Company Limited, HeungKong Securities Limited, and any
of the designated branches of the receiving banks, including Hang Seng Bank
Limited, Industrial and Commercial Bank of China (Asia) Limited, and Standard
Chartered Bank (Hong Kong) Limited; or apply online via the White Form eIPO
service at www.eipo.com.hk. Applicants can also instruct
HKSCC to process their applications by using Yellow Application Forms or via
electronic instructions.

(From left to right) KWG Living Group Holdings Limited Investor Relations Director Yu Jing, Chief Financial Officer Li Mingming, Executive Director and General Manager of the financial management center Yang Jingbo, Executive Director and Chief Executive Officer Kong Jiannan, Executive Director and General Manager of the residential property management department Wang Yue, human resources General Manager Kuang Xiaoling, General Manager of commercial department Cuiran

KWG Living Group Holdings Limited

Offer Statistics at-a-Glance

SYDNEY, AUSTRALIA – Media OutReach – 19 October 2020 – SugarCRM, Inc.® today announced that award-winning communications firm
SenateSHJ will leverage Sugar’s customer experience (CX) solution to provide
a superior service to its clients across Australia and New Zealand.

Based in Auckland, Wellington, Sydney and Melbourne, SenateSHJ
works with public and private sector clients on reputation management,
organisation change, and engagement and communications strategy.

“We’ve been looking for a comprehensive CRM solution that will
enable us to develop a deeper understanding of our clients’ needs and to build
stronger relationships with them and Sugar Sell does this perfectly,” SenateSHJ
Group Managing Director Brendon O’Connor says.

SenateSHJ will use Sugar CX to capture important client information
and deliver superior client service with its teams working with all critical
market data on a single platform.

“We are delighted to
welcome SenateSHJ onboard and to
help them achieve a comprehensive and clear view of their customers,” SugarCRM GM, Asia Pacific Jason du Preez says. “We’re
impressed with SenateSHJ’s commitment to client satisfaction, but also their
relentless pursuit in helping their clients to engage and communicate better in
the current  environment.”

Auckland-based cloud technology solutions provider Cloudtech,
a SugarCRM Elite Partner, helped spearhead the relationship and will provide
implementation support.

About SenateSHJ

Founded in 2002, SenateSHJ has grown to become one of
Australasia’s most successful independent communication consultancies. Its
consultants come from diverse backgrounds including government, healthcare,
journalism, media, marketing and business consulting, digital and social
strategy management, and communications. SenateSHJ’s people are astute problem
solvers, clear writers, strategic analysts and trusted advisers.

About SugarCRM

SugarCRM’s time-aware sales, marketing and service software
helps companies deliver a high-definition (HD-CX) customer experience. For
mid-market companies and anyone that wants a CX-driven platform, Sugar gives
teams the time-aware customer data they need to achieve a clear view of the
customer and reach new levels of business performance and predictability, and
increase customer lifetime value.

More than 4,500 companies in over 120 countries rely on
SugarCRM. Based in Silicon Valley, SugarCRM is backed by Accel-KKR. 

HANOI, VIETNAM – Media OutReach – 17 October 2020 – On 17 October, 2020, VinUniversity (Vingroup) – the first private, not-for-profit
university of excellence in Vietnam – officially opened its first academic year
with seven majors in three fields: Business Administration, Engineering and
Computer Science, and Health Sciences.  

VinUniversity (VinUni) has celebrated its
first convocation ceremony after a rigorous selection process, capping
admissions at just 260 students for the first academic year (2020 – 2021). Of
these, 230 are full-time undergraduate students, 30 are exchange students in
the “Study Away” exchange program cooperated between VinUniversity
and international universities (Cornell University – USA, and University of
Technology Sydney – Australia).

The students of the inaugural academic
year are the most talented of nearly 4,500 applicants, with high school grade
point average within the top 2.5 per cent of the country. In particular, the
average IELTS English proficiency score of admitted students is 7.15 and the
average SAT score is 1,411, which is in the top 5 per cent worldwide. Nearly 20
per cent of students have achieved merits in national and international
academic Olympiads, prestigious competitions, and all students have actively
participated in extracurricular activities and community projects.

In addition to solid academic performance
and outstanding achievements, admitted students demonstrate VinUniversity’s
AACC qualities — Outstanding Ability, Aspiration, Creativity, and Commitment.
Designed according to the admission approach of top universities in the world,
the comprehensive, transparent, and fair selection process includes multiple
application rounds, and individual interviews with faculty in the key decision
round.

From this rigorous application process,
VinUniversity has successfully recruited a cohort with 65 per cent of the
students coming from specialised schools, 20 per cent from
international/bilingual schools and 15 per cent from other high-quality schools.
In terms of regional diversity, 55 per cent of students come from major cities
(Hanoi, Ho Chi Minh City, and Da Nang); and 45 per cent come from different
provinces nationwide.

In the first year, VinUniversity will
provide instruction in three main fields: Business Administration, Engineering
and Computer Science, and Health Sciences, beginning with seven majors:
Hospitality Management, Business Administration, Electrical Engineering,
Mechanical Engineering, Computer Engineering, Doctor of Medicine, and Nursing.
Notably, in its first academic year, VinUniversity has enrolled students for
graduate medical education to train resident physicians specialising in
Internal Medicine, General Surgery and Pediatrics.

With the high quality training conditions
offered, VinUniversity has just been awarded a QS 5-star standard certificate
by Quacquarelli Symonds (United Kingdom) in three areas: Facilities, Academic
Development and Inclusiveness.

In particular, QS highly recognises
VinUniversity’s commitment to academic development, including 100 per cent of
faculty participating in training in active-learning pedagogy and each student
having an academic adviser throughout their study at the university. QS also
grants 5 stars to VinUniversity’s facilities including lecture halls,
classrooms, stadiums, dormitories, libraries, gyms,  swimming pools and
health care facilities.

With special support from Vingroup,
VinUniversity has granted generous financial resources to reduce the barriers
to education, including merit-based scholarships and financial aid packages to
students. Specifically, 100 per cent of VinUniversity students in the first
five intakes will receive a 35 per cent subsidy on tuition fees during the
designed duration of their entire programs. 85 per cent of students are awarded
scholarships and financial aid, including 100 per cent scholarships which cover
tuition and some living expenses. QS also highly appreciates VinUniversity’s
commitment to creating optimal conditions for talented students, students from
disadvantaged backgrounds, and striving for gender balance in all programs.

“VinUniversity has five core factors
and strives to be in the top 50 best young universities in the world. First is
a comprehensive, multi-dimensional admissions process; second is the selection
of talented faculty, working closely with the best universities in the world;
third is an advanced curriculum based on international standards; fourth is
perfect 5-star quality facilities; last but not least is the financial
commitment of long-term support from Vingroup” – Prof. Dr. Rohit Verma, Founding Provost of
VinUniversity emphasised.

Speaking at the opening ceremony, Dr. Le
Mai Lan, Vingroup’s Vice Chairwoman and President of VinUniversity also shared
about the mission of training highly qualified, capable, and aspirational human
resources to contribute to the country. Dr. Le Mai Lan affirmed, “Vingroup
has donated VinUniversity with a non-refundable sum of VND 6,500 billion
(approximately US$280 million). Of this, VND 3,000 billion is devoted to
research, training and scholarships for talented students. Our goal is to teach
and encourage students who have ambition, qualities, wisdom and bravery, and
who are qualified to develop and innovate for the prosperity of society, to
support the country and themselves.”

The VinUniversity project was established
by Vingroup in March 2018 with a desire to create breakthroughs in the quality
of higher education in Vietnam, providing excellence and world-class values. To
achieve this ambition, VinUniversity has collaborated closely with leading and
prestigious universities throughout the world, in order to achieve the highest
standards in research, teaching, employment and international prospects.

The
University of Pennsylvania (founded in
1740), is a private university in the group of 8 Ivy League universities, which
includes a medical school and the oldest teaching hospital system of all medical
schools in the U.S. According to QS Rankings 2020, Penn is ranked 15^th
in the world overall. According to US News, Penn Healthcare System is in the
top 10 best hospitals in the U.S. and Penn’s School of Medicine ranks 5^th
among research universities. Penn is currently implementing the Penn Compact
2020 strategy to become the most comprehensive, innovative and influential
university in the United States.

SINGAPORE – Media OutReach – 15 October
2020 – The Healthcare Academy — a collaboration by NTUC
LearningHub (NTUC LHUB), Healthcare Services Employees’ Union (HSEU) and NTUC’s Employability
and Employment Institute (e2i) — today announced partnerships with Ngee Ann Polytechnic
and Republic Polytechnic to leverage the expertise of each institution to enhance
the quality of training and expand the nation’s healthcare and community care
competencies. These competencies will directly address skills gaps and talent
needs arising from the COVID-19 pandemic, as well as the evolving health needs
of Singaporeans as the healthcare industry continues its long-term shift
towards preventive and community care. This will be done through well-rounded,
collaborative training programmes offered as part of the Government’s SGUnited
Skills (SGUS) Programme.

The
collaboration is also driven by a desire to upskill healthcare employees and
expand their competencies, as more pressure is placed on the sector for care
delivery and medical support[1].
This initiative also supports the nation’s plan to build a pipeline of talent, who
may not have prior healthcare industry experience, to join the sector [2].

Participants
will be able to select from three tracks including Basic Care Assistant and
Healthcare Assistant offered by Healthcare Academy and Ngee Ann Polytechnic’s
School of Health Sciences and School of Humanities & Social Sciences, and Community
Care Workforce — which includes care coordinators, health coaches and case
managers — by Healthcare Academy and Republic Polytechnic’s School of Sports,
Health and Leisure. These tracks were specially chosen to address both
immediate and longer term needs of the community
care sector.

In each
of the three tracks, the modules and real-world practicum are curated to form a
six-month-long programme. The fundamental skills acquired will enable
participants to take on new roles in the healthcare sector, even if they have
had no prior experience.

In addition, designed with the goal of
improving the employability of participants, the SGUS Programme encompasses career
advisory and employment facilitation efforts from NTUC LHUB to assist trainees
in their job search in the healthcare sector.

“We are excited to partner Healthcare Academy
to meet the nation’s growing demand for healthcare services. Ngee Ann
Polytechnic has been grooming compassionate and competent professionals for the
sector through our School of Health Sciences since 2005. Together with our
School of Humanities and Social Sciences, our programmes will offer additional multi-disciplinary
skills in a blended learning environment most suited for adult learners. The
launch of the SGUnited Skills Programme targeted at mid-career professionals
will allow them to acquire expertise in key areas such as infection control,
wellness and counselling, to help build a strong talent pool and a sustainable
healthcare system,” says Mr Clarence Ti, Principal of Ngee Ann Polytechnic.

Mr Yeo Li Pheow, Principal/ CEO, Republic Polytechnic, says, “We are
pleased to collaborate with Healthcare Academy in delivering professional
training for our healthcare workforce. Republic Polytechnic is well-positioned
to support the increased need for healthcare and community care professionals,
with our range of Pre-employment Training (PET) and Continuing Education and
Training (CET) programmes that nurture a skilled healthcare workforce at any
stage of their career. The SGUnited Skills Programme in Community Care and
Health will enable healthcare professionals to upskill and expand their
competencies in delivering high quality community care outcomes, while also
allowing mid-career entrants to contribute towards Singapore’s evolving
healthcare needs.” 

“The Healthcare Academy was established to support the continuous
learning and career aspirations of healthcare employees, especially through
changing times. This collaboration with like-minded partners such as Ngee Ann
Polytechnic and Republic Polytechnic will help bolster existing efforts by
Healthcare Academy to groom more healthcare employees and help sustain
Singapore’s world-class healthcare system. Through the three distinct
healthcare tracks, we hope to generate more healthcare employees to thrive in a
growing sector with numerous career opportunities,” says Deputy Chairman of
Healthcare Academy and CEO of NTUC LHUB, Kwek Kok Kwong.

“The Healthcare
Academy endeavours to fulfil the healthcare sector’s skills  development needs for healthcare employees in
this era of industry transformation. In the last 3 years, we have offered
several customised programmes for our healthcare employees. We are now rolling
out programmes to train Singaporeans from other industry sectors to be well
equipped with the skills, knowledge and competency to work in various
healthcare institutions with the support of Skillsfuture Singapore (SSG) and
e2i as well as in collaboration with Republic Polytechnic and Ngee Ann Polytechnic.
Healthcare Services Employees’ Union (HSEU) is indeed heartened to see the
growth of the Healthcare Academy especially in supporting SGUS effort. We
invite more Singaporeans to take up jobs in the healthcare sector for better
career opportunity and job security through our employment and employability
efforts,” says Chairman of Healthcare Academy and President of HSEU, K
Thanaletchimi.

Interested
participants may apply for the programme via https://bit.ly/sgunitedskills.

About Ngee Ann Polytechnic

Ngee Ann Polytechnic started in 1963 and is today one of Singapore’s
leading institutions of higher learning with over 14,000 enrolled students in
over 30 disciplines. It seeks to develop students with a passion for learning,
values for life, and competencies to thrive in a global workplace. 

http://www.np.edu.sg

About
Republic Polytechnic

The first
educational institution in Singapore to leverage the Problem-based Learning
approach for all its diploma programmes, Republic Polytechnic (RP) has seven
schools and one academic centre offering 37 full-time diplomas in Applied
Science, Engineering, Management and Communication, Hospitality, Infocomm,
Sports, Health & Leisure, and Technology for the Arts.

RP is
committed to nurturing professionals with strong problem-solving capabilities
through an innovative and entrepreneurial learning environment, based on a
holistic and industry-relevant curriculum. RP’s Academy For Continuing
Education also offers a comprehensive suite of lifelong learning programmes to
provide adult learners with skills upgrading opportunities.

For more
information, visit http://www.rp.edu.sg

About Healthcare
Academy

Healthcare
Academy is a collaboration among Healthcare Services Employees’ Union (HSEU),
Employability and Employment Institute (e2i) and NTUC LearningHub (LHUB).
Healthcare Academy endeavours to:

• Support
  continuous learning for healthcare workers, especially those affected by
  industry restructuring, job re-design and technological disruptions
• Provide
  employment opportunities for displaced workers from other sectors to work in
  the healthcare sector through robust job matching process
• Equip
  healthcare workers with relevant adaptive skills, technology skills and
  technical skills, to be future ready for business transformation

Healthcare
Academy was birth forth in August 2018 when we envisage the need for healthcare
workers to be more agile and adaptive to the changes brought on by
technological disruption and demographic changes. We started our journey by
addressing one very fundamental change element which is the mind, helping
workers to move from a fixed mindset to a growth mindset. We developed our
first programme to help workers develop a positive mindset for the workplace.
Since then, we have learned and grew, and more products and solutions have been
added to our offerings.

About NTUC
LearningHub

NTUC LearningHub is the leading Continuing
Education and Training provider in Singapore which aims to transform the
lifelong employability of working people. Since our corporatisation in 2004, we
have been working employers and individual learners to provide learning solutions
in areas such as Cybersecurity, Infocomm Technology, Healthcare, Employability
& Literacy, Business Excellence, Workplace Safety & Health, Security,
Human Resources and Foreign Worker Training.

To date, NTUC LearningHub has helped over 21,000
organisations and achieved over 2.5 million training places across more than
500 courses with a pool of over 400 certified trainers. As a Total Learning
Solutions provider to organisations, we also forge partnerships and offer a
wide range of relevant end-to-end training solutions and work constantly to
improve our training quality and delivery. In 2020, we have accelerated our
foray into online learning with our Virtual Live Classes and, through working
with best-in-class partners such as IBM, DuPont Sustainable Solutions and GO1,
asynchronous online courses. 

For more information, visit www.ntuclearninghub.com.