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HONG KONG, Nov 15, 2023 - (ACN Newswire via SeaPRwire.com) - On November 8th, the China International Import Expo International Investment and Financial Cooperation Forum was held at the National Exhibition and Convention Center in Shanghai. The forum, centered around the theme of "Digital Empowerment for Innovative Growth, Building a New Landscape for International Investment and Financing Cooperation," was attended by leaders from various Chinese government departments and relevant institutions, diplomatic representatives, foreign guests, domestic financial experts and scholars, overseas financial institution representatives, as well as representatives from the financial and economic sectors. During the event, H World Group Limited ("H World" or "the Group", NASDAQ: HTHT, HKEX: 1179) subsidiary, the Joya Hotel Shanghai Gubei, proudly served as the official reception hotel for the Arab exhibition delegation. A dedicated reception team was promptly established to smoothly coordinate and facilitate the proceedings, providing tailored services in accordance with Arab reception etiquette and religious practices. Exclusive culinary offerings and customized dishes were prepared to cater to the diverse lifestyle needs of the guests, reflecting the commitment of Joya Hotel to uphold the elegance of Chinese traditions and  high-quality brand philosophy of providing guests with refined living. Additionally, Murphy Zhu, President of Asia Pacific and the sole representative from the Chinese hotel industry, was invited to participate in the "International Investment Promotion and Investment China Closed-Door Dinner Party." During the event, he delivered a keynote speech focusing on future cooperation with the Middle East region.H World Group President of Asia Pacific, Murphy Zhu, was invited to attend the International Investment Promotion and Investment China Closed-Door Dinner Party in ChinaAs one of the fastest-growing hotel groups globally, H World ranks sixth in terms of the number of hotel rooms, with a portfolio that encompasses 31 hotel and apartment brands across 18 countries as of September 30, 2023. The Group currently operates a total of 9,157 hotels with 885,756 rooms, and has successfully cultivated a membership base of over 200 million. With a strong focus on the Chinese market, H World has established a presence in over 1,000 cities nationwide, operating more than 9,000 hotels under 31 distinct brands. The Group is continuously exploring opportunities in lower-tier markets, expanding its hotel network. Simultaneously, H World actively pursues international expansion, presently operating 8 hotel brands across 3 continents, with 129 hotels in operation and 35 new hotels in preparation. This extensive hotel network and loyal membership base provide H World with the capability to capitalize on new market opportunities and fortify its brand chain.Focusing on the Vast Market Potential in Saudi Arabia, H World Strategically Targets the Middle East for ExpansionSaudi Arabia possesses a robust hotel pipeline and holds significant market potential. The government's "Vision 2030" initiative aims to foster a more dynamic, open, and modern business environment by introducing new industries such as entertainment and tourism, promoting investment regulations and societal reforms to drive economic diversification. Key catalysts for this expansion include the Public Investment Fund (PIF) and the Tourism Development Fund (TDF), with investment projects primarily concentrated in the Giga projects, the investment in major cities like Riyadh and Jeddah, as well as the Pilgrimage Cities: Makkah, Madinah. These initiatives are gradually extending to select secondary cities to enhance the appeal of tourism products, attract investment opportunities, and further develop and refine Saudi Arabia's tourism ecosystem. The significant potential for market development, backed by local government financial support, aligns well with H World's long-term development strategy in the Middle East. Capitalizing on this opportunity, H World is strategically directing its focus toward the Middle East market, continually enhancing its market share in overseas territories.China and the Arab States Engage in Deep Cooperation, H World Enters the Middle East Market with Strong CapabilitiesAs the "Belt and Road" initiative and multilateral trade exchanges enter a phase of high-quality development, China continues to deepen its cooperation and exchanges with Arab states. Statistics indicate that total seat capacity from China to KSA in 2023 was 4.5 million, with a forecast to reach 6 million in 2025. This continuous increase in capacity is expected to drive further trade cooperation between China and the Arab states, fostering rapid development in the tourism industry for both parties. In July of this year, the Chief Executive of the Hong Kong Special Administrative Region met with the Saudi Arabian Minister of Communications and Information Technology, witnessing the signing of the memorandum of understanding by 11 local companies to enter the Saudi market. As one of these enterprises, H World has longstanding roots in the Middle East, and the signing of the memorandum further enhances its resource network in the region, facilitating better connectivity to the Saudi market. This establishes an efficient and connected platform as H World continues to expand its global business footprint. Currently, H World operates 3 hotel brands in the Middle East, with 9 hotels already open in the Gulf Cooperation Council (GCC) countries. China and Germany, as the main operating regions of the Group, are also the important source markets for Saudi Arabia and the Middle East, laying a solid foundation for H World to establish a foothold in the Middle East. In order to offer specialized, high-quality hotel services tailored to the local characteristics, H World has opened offices in Dubai and plans to establish a new office in Riyadh in 2024. The experienced team and rich operational expertise make local operations more manageable, fostering the strategic positioning of H World in the Middle East.The ongoing close collaboration between China and the Middle East paves the way for H World to further expand its overseas presence. Leveraging the substantial market potential in the Middle East's hotel accommodation industry, H World actively seizes market opportunities, relying on a seasoned management team, extensive operational experience, and a solid customer base to drive continued expansion in the Middle East. This contributes to H World's share increasing in the global market, leading the way for China's tourism and accommodation industry to explore and establish a positive development model in international markets. Copyright 2023 ACN Newswire via SeaPRwire.com.

HONG KONG, Nov 14, 2023 - (ACN Newswire via SeaPRwire.com) - Widespread ChatGPT use and remote medical consultations have taken artificial intelligence (AI) and telemedicine into the mainstream, including treatment for vision problems. At the 21st Hong Kong International Optometric Symposium this year, professionals from Mainland China, the United States, Australia, the United Kingdom and Hong Kong, discussed AI and tele-optometry developments. They examined how technology could “open the eyes” of the visually impaired and reduce staffing pressure on primary healthcare. They also shared thoughts on whether technological advancements would endanger employment prospects for optometrists.“This is an exciting time, as many technologies suited for the visually impaired can now be accessed through apps,” said Dr Patrick D. Yoshinaga of the Marshall B. Ketchum University in the United States. Several AI-powered smartphone apps could identify objects after being trained through exposure to a large set of images. Users simply needed to point their smartphone camera at any object or text and listen to an audio narration describing it. Using Microsoft’s Seeing AI as an example, Dr Yoshinaga pointed out that, six years ago, users would have had to wait several seconds for the app to respond after clicking on the screen, but no longer! He recalled that a blind working mother could use the app to read documents and find meeting locations at work, and help her daughter choose matching colours at home. She could even turn off the lights in her daughter’s room after learning how bright the room was.Dr Patrick D. Yoshinaga of the Marshall B. Ketchum University in the United States warned against the black-box effect during AI algorithm development, referring to people's inability to understand the AI algorithm or its decision-making process.Visually impaired people can now wear AI glasses equipped with the GPT-4 language model and converse with them, reading menu contents for example. A user could even ask: “What types of vegetarian options are available?” and GPT-4 would summarise relevant dishes and respond conversationally. When the audience learnt that AI apps could serve as “eyes” for the visually impaired, some gasped in amazement and photographed presentation slides to capture the moment.PolyU employs AI for diagnosis and brings Australian experience to Hong KongGlobally, societies are contending with ageing populations and rises in diabetes cases. With healthcare providers in high demand, AI can offer relief. Professor Mingguang He of The Hong Kong Polytechnic University received a grant from the Australian government some years ago. He collaborated with universities in Hong Kong and healthcare technology companies to investigate AI use in eye disease diagnosis, as well as how this technology could be implemented in the community. His research in 2018 found that AI had a 90% or higher accuracy rate in detecting common eye diseases such as diabetic retinopathy, glaucoma and age-related macular degeneration. They subsequently installed a simple AI system in local GP clinics. Following an eye examination, fundus images were automatically transferred to the AI system for analysis, and the system could produce a report in two to three minutes.Discussing whether AI vision test failure may pose a liability risk for optometrists, Prof Mingguang He of The Hong Kong Polytechnic University noted that some insurance companies in the United States and Australia had already included coverage for AI errors.“Previously, Australians were required to visit a clinic multiple times for diagnosis and report collection. That can now be accomplished in a single visit.” Prof He said they designed the system to work without requiring an internet connection, after considering resources available at clinics. They also created a simplified version of the device for self-administered testing which could be bought for as little as HK$10,000. Prof He planned to gradually apply his Australian experience to Hong Kong’s Smart Clinic Project, which is expected to benefit more than 200,000 grassroots citizens.Eye-health software fills gaps in UK eye-care servicesAnother example of AI use came from Professor Benny Chung-ying Zee of The Chinese University of Hong Kong Jockey Club School of Public Health and Primary Care. He explained that AI analysis of retinal images allowed prediction of a patient’s risk of stroke and cognitive impairment, allowing early intervention to improve lifestyle habits. This approach could also reduce the long-term burden that vision examinations would place on the healthcare system.Dr Priya Morjaria of Peak Vision, a social enterprise in the United Kingdom that specialises in eye care, said 90% of vision-loss cases could be avoided if individuals received timely examination and assistance. Her social enterprise provided eye health screening software to help countries bridge eye-care service gaps. The system begins with a screening for eye conditions, followed by case triage, eyeglass prescriptions and even surgical intervention. All of this is documented in the system, lowering the possibility of patients in need of care not being followed up. She noted that the proportion of Pakistani men participating in her social enterprise’s programmes had increased from 19% to 45%, approaching the ideal target of 50%.Dr Priya Morjaria's social enterprise, Peak Vision, designs software for remote eye examinations, collecting just the data needed.Many audience members were optometry students concerned about how AI would affect employment prospects and how they could prepare themselves before entering the field. Prof He believed AI would not replace optometrists but help them work more efficiently. Eye examination and reporting used to take three days to complete but with AI assistance, these tasks took just 30 minutes. Dr Morjaria added: “AI will not take away your job. Patients always need to see a person. They always want to find a clinician to make a final decision.” Nevertheless, she reminded students to be aware of the evidence underlying AI decisions and advised them not to accept the finding for what it is, but to learn about and understand AI in order to interpret the evidence presented.Photo download: https://bit.ly/47ph7BiWebsitesHong Kong International Optical Fair: https://www.hktdc.com/event/hkopticalfair/en  Intelligence Hub: https://www.hktdc.com/event/hkopticalfair/en/intelligence-hubMedia enquiriesPlease contact the HKTDC’s Communication and Public Affairs Department:Frankie Leung, Tel: (852) 2584 4298, Email: frankie.cy.leung@hktdc.orgPhyllis Tsang, Tel: (852) 2584 4288, Email: phyllis.km.tsang@hktdc.orgTo view press releases in Chinese, please visit http://mediaroom.hktdc.com/tcAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn Copyright 2023 ACN Newswire via SeaPRwire.com.

Singapore/Munich, Nov 15, 2023 - (ACN Newswire via SeaPRwire.com) - Over 7,300 participants from more than 60 countries attended the inaugural transport logistic Southeast Asia and air cargo Southeast Asia, with resilient supply chains, sustainability and digitalization were the dominant themes at this first transport logistic Southeast Asia and air cargo Southeast Asia, which took place in Singapore from 1 to 3 November 2023. Singapore, the Netherlands, Germany, and China were represented with official country pavilions. During more than 50 conference sessions covering current industry topics, visitors had the opportunity to gain insight into industry trends.The participation of 135 exhibitors from 23 countries and over 7,300 industry professionals at the first transport logistic Southeast Asia and air cargo Southeast Asia reflects the great economic potential of the region. Key factors include the advantageous geographical location, growing consumer demand and the desire of numerous companies to diversify their production and supply chains."The positive response to the inaugural transport logistic Southeast Asia and air cargo Southeast Asia shows the enormous interest in the Southeast Asian logistics market and is a confirmation of the decision to expand the transport logistic cluster to this region. The trade fair offered decision-makers an efficient and practical platform for exchanging ideas in person and establishing and expanding business relationships," says Michael Wilton, CEO & Managing Director of MMI Asia, Messe München Regional HQ, Singapore.Ravishankar Mirle, Vice President Cargo Commercial Operations, Far East & Australasia from Emirates SkyCargo, also confirms this impression: "I think it has been a very good experience for the last three days. We have had some action-packed activities, and it has been an opportune moment for the logistics ecosystem to convene together. We have been at the time where we’re just coming out of Covid, the production and distribution hubs in the region have been changing. It has been an opportune moment for us to meet our business partners, our customers, our clients – to share insights, share best practices, and to plan for the future."As an integral part of transport logistic Southeast Asia, air cargo Southeast Asia also brought together the entire air cargo industry in Singapore. In addition to the exhibition of leading international and regional companies such as Boeing, Emirates SkyCargo, Singapore Airlines, United Cargo, Jettainer, Garuda Indonesia, MAS Kargo, Vietjet Cargo and ACL Airshop, the conference program included, for example, a panel discussion on "Building resilient and reliable airfreight solutions for high-tech cargo". During this session, experts from DB Schenker, Changi Airport and Etihad Cargo gave the audience insights into their corporate strategies.Conference programs deal with trend topicsThe conference program at transport logistic Southeast Asia comprised around 50 accompanying events on two stages, providing a platform for the latest industry trends and discussions. Among the highlights of the program were the sessions on the Southeast Asian countries of Singapore, Vietnam, Malaysia and Indonesia: The experts explored the extent to which diversification strategies have impacted Southeast Asian production locations and their supply chains and clearly illustrated the potential in the region. During the "Germany: Logistics from Germany - Logistics for The Future" presentation at country-focused Germany sessions, hosted by Your German Logistics (YGL), companies like BlueBox Systems, PRIOjet Logistics, and Logwin Air + Ocean International discussed technical innovations and the reliability of supply chains between Asia and Europe. On the Exhibitor Stage, companies from logistics, sea and air freight, such as DHL, dnata, Gebrüder Weiss, Incheon International Airport and Singapore Airlines, provided practical insights into their sustainability and digitalization strategies, among other things. At the same time, the special conference on Project Cargo offered up-to-date information on trends, challenges and opportunities in the general cargo and heavy lift sector in Southeast Asia.“I think it was a great conference, for us it was wonderful because it was very effective and impactful. We did get a chance to meet a lot of shippers, airlines and supply chain enthusiasts. Especially because Messe München originates from Germany, we did have a lot of leverage out of exposure into the European market, and Wiz as a company is definitely looking at Europe as the next step in terms of our expansion. There was also a lot of emphasis on digital transformation, which is of course something on which Wiz bases its expansion on. From that perspective, it did makes sense, and it was a great conference. Congratulations to Messe München!” summarizes Bipin Chinnappa, CCO – APAC & Head – Global Accounts of Wiz Logtec Solutions.The next transport logistic Southeast Asia and air cargo Southeast Asia will take place from 29 to 31 October 2025 at Sands Expo & Convention Centre, Singapore. For more information, please visit: https://transportlogisticsea.com/.About MMI Asia Pte. LtdA full subsidiary of Messe München GmbH, MMI Asia established in Singapore in 1992, is now embarking on a significant growth and expansion program, bringing some of Messe München’s world leading brands to the Southeast Asia market. transport logistic and air cargo Southeast Asian editions are organized by MMI Asia Pte Ltd.transport logistic exhibitionsThe international industry network of transport logistic exhibitions consists of twelve events. In addition to the leading international trade fair transport logistic in Munich, transport logistic China is held every two years, alternating with it in Shanghai, China. In Turkey, Messe München and EKO Fair Limited organize the logitrans International Transport Logistics Exhibition in Istanbul every year. Messe München is organizing transport logistic Americas, which will be held every two years in Americas started in 2022. In November 2023, transport logistic Southeast Asia took place in Singapore for the first time. At all trade fairs, the air cargo sector plays an essential role. As part of transport logistic in Munich, air cargo Europe is the world's largest air cargo trade fair, while air cargo China is the leading event in Asia, in addition, air cargo Southeast Asia is focusing on this segment in Singapore. air cargo India and air cargo Africa are independent trade fairs for the industry.About Messe MünchenMesse München is one of the leading exhibition organizers worldwide with more than 50  of its own trade shows for capital goods, consumer goods and new technologies. Every year, a total of over 50,000 exhibitors and around three million visitors take part in more than 200 events at the exhibition center in Munich, at the ICM – Internationales Congress Center München, the Conference Center Nord and the MOC Veranstaltungscenter München as well as abroad. Together with its subsidiary companies, Messe München organizes trade shows in China, India, Brazil, Singapore, South Africa and Turkey. With a network of associated companies in Europe, Asia, Africa, and South America, and with around 70 representatives abroad for more than 100 countries, Messe München has a truly global presence. Copyright 2023 ACN Newswire via SeaPRwire.com.

SANTA CLARA, CA, Nov 14, 2023 - (ACN Newswire via SeaPRwire.com) - Graid Technology, the visionary creators behind the groundbreaking SupremeRAID™, and ThinkParQ, the developers of the innovative BeeGFS parallel file system, proudly announce their collaboration to elevate the performance and fortify the data protection landscape across multiple industries.This strategic partnership joins Graid Technology's pioneering SupremeRAID™, a GPU-accelerated data protection solution, with ThinkParQ's BeeGFS parallel file system, recognized for its unparalleled performance, scalability, and simplicity in management. The union aims to address the increasing demands in High-Performance Computing (HPC), Artificial Intelligence (AI) and Deep Learning, Media and Entertainment, Life Sciences, and Oil and Gas industries.The collaboration between SupremeRAID™ and BeeGFS represents a seismic shift in the realm of data storage, data management, and business resilience. It effectively sidesteps the performance limitations inherent in other RAID products, providing enhanced data protection, scalability, flexibility, and reduced total cost of ownership (TCO)."By joining forces with ThinkParQ, we aim to redefine the benchmarks in high-performance computing, AI, and diverse industries reliant on data-intensive operations," stated Leander Yu, President and CEO of Graid Technology. "The collaboration between SupremeRAID™ and BeeGFS creates an unparalleled synergy that not only enhances performance but also ensures comprehensive data protection, scalability, and flexibility.""We are delighted to partner with Graid Technology and are really excited for our partners and customers to experience how they can benefit from the collaboration between SupremeRAID™ and BeeGFS," said Frank Herold, CEO, ThinkParQ GmbH. "The technical innovation between the two companies will further enhance and accelerate our customers' experience."The strategic partnership between Graid Technology and ThinkParQ signifies a pivotal moment in the evolution of storage solutions, promising cutting-edge advancements to cater to the most demanding computational workloads across various industries.For more information, please visit the respective websites:Graid Technology: www.graidtech.comThinkParQ: www.thinkparq.comAbout ThinkParQ GmbHThinkParQ GmbH strives to create and develop the fastest, most flexible, and most stable solutions for every performance-oriented environment. Established in 2014 as a spinoff from the Fraunhofer Center for High-Performance Computing, ThinkParQ drives the research and development of BeeGFS, and works closely with system integrators to create turn-key solutions. Visit https://www.thinkparq.com for further information.About Graid Technology and SupremeRAID™Graid Technology, led by a dedicated team of experts with decades of experience in the SDS, ASIC, and storage industries, continues to push boundaries in data storage innovation. SupremeRAID™, hailed as the world's only NVMe and NVMeoF RAID card to unlock the full potential of PCIe 3, 4, and 5 SSD performance, eliminates traditional RAID bottlenecks, leveraging GPU acceleration to maximize enterprise SSD performance. The company's headquarters in Silicon Valley, supported by an R&D center in Taiwan, symbolizes our global commitment to pioneering advancements in storage solutions. Visit our website or connect with us on Twitter or LinkedIn.Contact InformationAndrea EakenDirector of Marketing, Americas & EMEA | Graid Technologyandrea.eaken@graidtech.com949-742-9928Troy PattersonHead of Marketing and Partnerships, ThinkParQtroy.patterson@thinkparq.comRelated FilesSupremeRAID BeeGFS Giga Computing White Paper.pdfHarnessing the Performance of PCIe Gen 5_SMCI SupremeRAID KIOXIA.pdf Copyright 2023 ACN Newswire via SeaPRwire.com.

1H2024 FINANCIAL HIGHLIGHTS 1H20241H2023VarianceRevenueRM39.74 mRM41.83 m-5%Net Income attributable to Equity HoldersRM2.78 mRM0.47 m+494%Earnings Per Ordinary Share (EPS)RM 0.83 senRM 0.14 sen+493%Gross Profit Margin (%)44.7%34.3%+10%Profit before tax Margin (%)9.8%3.3%+7% SINGAPORE, Nov 14, 2023 - (ACN Newswire via SeaPRwire.com) - Samurai 2K Aerosol Limited (the “Company” and together with its subsidiaries, the “Group”) (SGX: Y8E), a manufacturer of automotive aerosol paints and aerosol solution specialist, announced its financial results for the six months ended 30 September 2023 (“1H2024”). Despite a challenging business environment dominated by international trade tensions, global geopolitics and general slowdown in global economies, the Group recorded all-round improvement in its financials for 1H2024 as compared with same period last year (“1H2023”).Revenue slightly decreased by approximately 5.01 % from RM41.83 million in 1H2023 to RM39.74 million in 1H2024. The decrease in revenue was mainly due to lower demand from the Malaysia market. However, for the same period, net income attributable to equity holders increased significantly from RM0.47 million to RM2.78 million. Consequently, EPS increased from 0.14 RM Sen to 0.83 RM Sen.Revenue by Geography1H2024% of revenue1H2023% of revenueIndonesiaRM17.87 m45%RM17.11 m41%MalaysiaRM10.40 m26%RM12.73 m30%Others (Thailand, Vietnam, Philippines, United Kingdom, Singapore, Cambodia, India and United States of America)RM11.47 m29%RM11.99 m29%TotalRM39.74 m100%RM41.83 m100%Indonesia remains Samurai’s largest market with 45% of total revenue or RM17.87 million for 1H2024 and Malaysia is the second largest market with 26% of total revenue or RM10.40 million for 1H2024.Cost of sales decreased by RM5.51 million or 20.05% from RM27.47 million in 1H2023 to RM21.96 million in 1H2024. The decrease was mainly due to the decrease in raw material and packing material costs. As a result, Gross Profit Margin was higher at 44.7% in 1H2024 compared to 34.3% in 1H2023.Overall expenses increased marginally by 0.7% from RM 15.22 million in 1H2023 to RM15.33 million for 1H2024. Administrative expenses in 1H2024 increased by RM0.98 million or 12.97%, mainly due to additional headcount which is in line with business expansion generally in new business development O2O (offline to online). This is offset by marketing and distribution expenses decreasing approximately by RM1.15 million or 15.86%, from RM7.24 million in 1H2023 to RM6.09 million in 1H2024 as well as a decrease in offline marketing activities. Finance expenses increased approximately by RM0.28 million or 61.42% from RM0.45 million in 1H2023 to RM0.73 million in 1H2024 mainly due to increase in drawdown of term loan for upgrading the new office building.Financial PositionThe Group’s financial position remains robust with net assets of RM77.44 million as at 30 September 2023, compared to RM75.15 million as at 31 March 2023. As at 30 September 2023, net asset value per ordinary share is 23.15 RM Sen vs 22.46 RM Sen as at 31 March 2023. The Group has a total debt of RM 34.65 million and a cash balance of RM29.22 million as at 30 September 2023.Going ForwardThe Group expects the operating environment to be challenging over the next 12 months in the light of current international trade tensions, global geopolitics, and a slowdown in global economic growth. The Group will continue to intensify its marketing and business development efforts, and exercise prudent financial policies and cost control.The main thrust of its business strategy is the development of new products using innovative proprietary technologies as a differentiating factor for the enhancing of the Samurai brand name. This will go hand in hand with offline to online digital marketing taking advantage of its global reach, scalability, and the reaping of economies of scale.Meanwhile, the Group will continue to expand sales to emerging markets in Asia where demographics and income growth should provide some resilience in demand for aerosol paints and coating products.One of the new products the Group is focusing on will be Tintatek-an innovative color mixing, creation and matching product which is expected to be launched by the beginning of calendar year 2024.The Group continues to see growing demand for its products in the emerging markets of Asia amidst favorable its macroeconomic factors of demographics, urbanization, and higher consumer disposable income. It will therefore continue to expand its business footprint in these markets.This media release is to be read in conjunction with the Company’s results announcement for 1H2024 posted on the SGX website on 14 November 2023.Reference:https://links.sgx.com/1.0.0/corporate-announcements/HBF3C8Y905OT1IKC/795efad7fc45d816baca2c94eda8c162de701e2b6f7d5167a40d8f626a67a8a4Issued by Samurai 2K Aerosol LimitedThis press release has been reviewed by UOB Kay Hian Private Limited (the “Sponsor”).This press release has not been examined or approved by the Singapore Exchange Securities Trading Limited (“SGX-ST”) and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, who can be contacted at 8 Anthony Road #01-01, Singapore 229957, telephone (65) 6590 6881About Samurai 2K Aerosol Limited(SGX: Y8E)Samurai 2K Aerosol Ltd (“SAMURAI®”) has been listed on the Catalist of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) since January 2017. SAMURAI® is a fully integrated aerosol specialist that focuses on the repainting business as well as aftermarket for the automotive refinishing and refurbishing industry.SAMURAI® aims to be the world’s most respected innovative aerosol system provider and offer the most innovative aerosol systems with the best user enjoyment and to create more job opportunities for all the sprayers in the world.SAMURAI® specializes in manufacturing 2-part aerosol paint which is a mix of resin and hardener within the same spray can. In 2000, Mr. Peter Kwasny, the German inventor of aerosol spray paint, invented the first 2K technology in aerosol spray paint, which allows two (2) separate components, namely paint and hardener into a single aerosol spray paint. In 2015, Mr. Ong Yoke En, Samurai’s inventor and CEO, established a similar 2K technology and patented the first improved version of 2K technology. In 2016, SAMURAI® further developed from the earlier dual-head system to a single-head system aerosol spray paint, which penetrates the combination of the two (2) components thoroughly before application. This provides better performance in spraying experience and high level of durability.SAMURAI® regional office is situated in Singapore while research, product development, branding and manufacturing are conducted in Malaysia. Samurai's products are distributed worldwide to throughout Malaysia, Indonesia, Thailand, Philippines, Vietnam, Cambodia, UK, USA, Singapore and India. Its range of products include Truck Bed Liner, Epoxy Marine Surface Primer, Marine Coating, Boat Deck Granular Textured Epoxy Primer, Automobile Body Epoxy Primer etc. For more information, please visit our official website at www.samurai2kaerosol.com.Media and Analysts Contact:Samurai 2K Aerosol LimitedMs. Saveena PrabakaranLegal Cum Relation ExecutiveEmail: saveena@samuraipaint.jpWaterbrooks Consultants Pte LtdMr. Wayne KooTel: +65 9338 8166Email: wayne.koo@waterbrooks.com.sgEmail: query@waterbrooks.com.sg Copyright 2023 ACN Newswire via SeaPRwire.com.