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Metalpha Reports Fiscal Year 2023 Financial Results

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HONG KONG, Feb. 15, 2024 /PRNewswire/ — Metalpha Technology Holding Limited (Nasdaq: MATH) (the “Company” or “Metalpha”), a global digital asset-based wealth management company, announced financial results for the fiscal year ended March 31, 2023 (the “FY 2023”). The Company reported the notional amount of derivative products issued of $382 million under its wealth management business arm, which generated fiscal-year income of $5.7 millionThe adjusted loss of the Company in FY 2023 was about $0.7 million.

The Company recorded strong year-over-year growth driven by its wealth management business, a key pillar of its operations and revenue model. The Company designs and issues derivative products for institutions and professional investors and recognizes the fair value change of (i) trading of digital assets and derivative contracts and (ii) investment in trusts as income from our wealth management business.

Metalpha prides itself on being one of the world’s largest digital asset-based derivative trading firms. The notional amount of derivative products issued in FY 2023 was $382 million compared to only $49 million in the fiscal year ended March 31, 2022 (the “FY 2022”). The income from the wealth management business jumped from $0.1 million in FY 2022 to $5.7 million in FY 2023.

Metalpha aims to provide qualified investors with high-quality product design and trading capabilities and is committed to delivering structured derivative products to cryptocurrency market participants.

“We are pleased to see strong demand for customized products and earn high customer satisfaction. The fast growth of our wealth management business indicates the market’s confidence in our business approach. We strive to design products and services with compliance at the core. In the new year, we are confident about the improving market conditions which could lead to stronger demand for our derivative product subscriptions.

At the company level, we aim to maintain a high growth rate and significantly lower expenses as our business scale expands. We will also continue to innovate and diversify our business offerings in a bid to expand our market share in Asia,” said Adrian Wang, President of Metalpha.

FINANCIAL HIGHLIGHTS

Notional Amount of Derivative Products Issued

FY 2022

FY 2023

Notional Amount of Derivative Product Issued

49 million

382 million

Income from Wealth Management Business 

FY 2022

FY 2023

Income from Wealth Management Business

0.1 million

5.7 million

Adjusted Loss to the Company

FY 2022

FY 2023

Loss of the Year

(14,428,033)

(20,167,351)

Add: Equity-settled share-based payments under share award scheme

1,468,800

1,045,315

Add: Share purchase warrants expenses

6,063,086

10,176,995

Add: Total loss from discontinued operation

3,193,385

8,248,013

Adjusted Loss

(3,702,762)

(697,028)

The Company filed its annual report on Form 20-F for the FY 2023 (the “2023 Annual Report”) with the U.S. Securities and Exchange Commission on February 12, 2024. The 2023 Annual Report included audited financial statements for the FY 2023. The 2023 Annual Report is available online at www.sec.gov.

About Metalpha Technology Holding Limited

Founded in 2015, Metalpha Technology Holding Limited (NASDAQ: MATH) went public on October 20, 2017. The listed Company is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, the Company aims to become a leader in the field of crypto wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause Metalpha’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

Non-IFRS Financial Measure

The Company uses adjusted loss for the period, which is a non-IFRS financial measure, in evaluating its operating results and for financial and operational decision-making purposes. Metalpha believes that adjusted loss helps identify underlying trends in the Company’s business that could otherwise be distorted by the effect of certain expenses that the Company includes in its loss for the period. Metalpha believes that adjusted loss for the period provides useful information about its results of operations, enhances the overall understanding of its past performance and future prospects and allows for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.

Adjusted loss for the period should not be considered in isolation or construed as an alternative to loss for the period or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review adjusted loss for the period and the reconciliation to its most directly comparable IFRS measure. Adjusted loss for the period presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. Metalpha encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

Adjusted loss for the period represents profit for the period excluding (i) equity-settled share-based payments under the Company’s share award scheme, (ii) share purchase warrants expenses (i.e. expenses in relation to the issuance of warrants to certain consultants, employees and business partners); and (iii) loss from discontinued operation.

The table captioned “Reconciliations of Non-IFRS Measure to the Nearest Comparable IFRS Measure” included at the end of this announcement contains a full reconciliation of adjusted loss for the period to loss for the period.

Media Contact

Yiwei Wang
info@metalpha.finance

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SOURCE Metalpha Technology Holding Limited

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Decode economic ties between GBA and Colombia from a cup of coffee

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GUANGZHOU, China, Nov. 4, 2024 /PRNewswire/ — News report from GDToday.

The Guangdong-Hong Kong-Macao Greater Bay Area (GBA), one of China’s most open and economically dynamic regions, is deepening its business ties with Colombia.

What is the current status of economic and trade exchanges between the GBA and Colombia? How do Colombians view the region? And what specific opportunities do they see in this thriving area? In this episode, GDToday’s reporters explored these questions in depth, starting from a cup of Colombian coffee.

View original content to download multimedia:https://www.prnewswire.com/news-releases/decode-economic-ties-between-gba-and-colombia-from-a-cup-of-coffee-302300610.html

SOURCE GDToday

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SGT25 draw together 400+ European power grid technical professionals for a review of the latest grid transformation projects

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Recent research carried out by Smart Grid Forums with over 100 European power grid professionals revealed growing concern that eroding supply chain reliability, workforce stability, and OT cybersecurity are inhibiting grid transformation projects, delaying renewables integration, and impacting Europe’s future energy security.

THE HAGUE CONFERENCE CENTRE, The Netherlands, Nov. 10, 2024 /PRNewswire-PRWeb/ — Recent research carried out by Smart Grid Forums with over 100 European power grid professionals revealed growing concern that eroding supply chain reliability, workforce stability, and OT cybersecurity are inhibiting grid transformation projects, delaying renewables integration, and impacting Europe’s future energy security.

Driving grid modernisation in the context of geopolitical tensions, supply chain disruptions, and workforce uncertainty to guarantee future energy security in Europe

It is with this in mind that Smart Grid Forums launch their 6th annual SGT25 conference, with an extended day of strategic plenary sessions addressing the big picture issues impacting the sector, followed by a technical programme show casing the best of the grid modernisation projects across TSO and DSO organizations.

“European utilities have never been under more pressure to deliver grid transformation whilst navigating the complexities of global supply chain disruptions, workforce uncertainties, and a more geopolitically malicious cyber threat landscape” said Mandana White, CEO of Smart Grid Forums. “It is at times like these that utilities must come together to gain clarity on the big picture, compare their experiences, and unify to tackle the path ahead with innovative new strategies and greater energy and conviction than ever before. Delivering to the energy transition is not a matter of If but one of How.”

At SGT25 utility senior managers will come together with their technical teams for three days of strategic and technical discussions, in order to get onto the same page, and move in the same direction at greater pace than ever before. The programme consists of:

1-Day Infrastructure Investment Briefing – a series of utility panel discussions addressing technology investment priorities and the implications for utility technical teams and the supplier ecosystem2-Day Technical Case-Study Conference – implementation focused programme reviewing the successes, setbacks, and future roadmaps of utility project leaders and product specifiers in six core domains: Digital Substations, Operational Systems, Smart Meter Infrastructure, OT Cybersecurity, Big Data, and Asset ManagementInnovation Excellence Awards Ceremony – attended by all participants, and evening of recognition and reward in support of utility innovationRoundtable Discussions – private senior management roundtable discussions as well as public technical roundtable discussions, facilitating high impact information exchange and networkingExhibition & Live Demo Labs – a display of leading smart grid product and service suppliers with deep expertise and experience in the grid sector

100+ Utility Speakers Scheduled Including:

Giulio Carone, CEO – AretiMihkel Härm, CEO – ElektrileviTorsten Röglin, Managing Director – Stadtwerke FrankfurtThomas Reithofer, Head of Grid, Member of Executive Board – CKWFazila Ahmad, Global Head of Data & AI Acceleration – EDP GroupRene Kuczkowski, Head of the Strategy & International Cooperation Office – ENEA OperatorEsa Äärynen, Head of Strategic Grid Planning – Helen Electricity NetworksRonan McKeown, Future Networks Director – NIE NetworksTadej Šinkovec, Head of Advanced Analytics – Elektro LjubljanaAndreas Reisenauer, VP Digital Infrastructure – Elia GroupTomasz Rodziewicz, Head of Innovation & New Technologies – TAURON DystrybucjaJonas van den Bogaard, Open Source Office Lead – AllianderSander Jansen, Product Owner Virtual Stations – AllianderJoep van Genuchten, Data Architect – AllianderDavide Della Giustina, Chief Business Transformation Officer, Smart Infrastructures – AretiYamshid Farhat, Head of Technology & AI – BKWJan Petráček, Chief Transformation Officer – ČEZ DistribuceAlexander Harsch, Head of Cyber Resilience – E.ONSam Julian, Chief Cloud Engineer – E.ONMatthias Merchlewitz, Consultant, Resilience & Cyber Range E – E.ONVincent Audebert, IoT & Telecom Expert – EDFSherif Hussein, Project Manager – EDFPeter Jensen, Chair of the IEC Technical Committee 13 – EDFDan Wilson, Asset Analytics Manager – Electricity North WestUros Stiplovsek, Programmer – Elektro CeljeTadej Šinkovec, Head of Advanced Analytics – Elektro LjubljanaHenrik Hagberg, Head of Price and Revenue Management – EllevioŁukasz Kasperski, Coordinator for Measurement Systems and Energy Quality – ENEA OperatorPrzemysław Starzyński, Head of the Office of Innovation Initiatives – ENEA OperatorClément Devun, IT/OT Cybersecurity Lead Architect – EnedisMaman Idi Cheffou, Project Manager – EnedisLudovic Pontnau, OT Cybersecurity Expert – EnedisFatoumata Sangare, Industrial Information System Compliance Specialist – EnedisSławomir Noske , Senior Innovation Expert – ENERGA-OPERATORFedder Skovgaard, Business Architect – EnerginetCarsten Strunge, Chief Engineer & Business Architect Grid Control Systems – EnerginetHelder Barbosa, Cybersecurity Project Manager – E-REDESJose Esperanca, Data Management Lead – E-REDESChisimdiri Anyaogu, Engineer, Asset Performance – ESBKamal Radi, Senior Specialist, Power Systems Planning, SCADA and Energy Management Systems – ESBMarkus Virtanen, Lead Data Scientist – FingridPeter Kellens, Expert Assets & Grid Architecture Electricity – FluviusDan Smidsrød, Systems Engineer Process Control – Glitre NettKristin Tukun, Data Scientist – Glitre NettJoris van Rooij, Data Analyst -Göteborg EnergiMika Loukkalahti, Leading Expert – Helen Electricity NetworksInigo Ferrero, Protection & Control Standardization Manager – IberdrolaBirkir Heimisson, Specialist in Digital Development – LandsnetPaul Thomson, Power System Engineering Modelling – National GridStanislav Kalynych, IT/OT Security Analyst – Northland PowerNicolas Bihannic, Expert in Orange Future Networks Community – OrangeWalter Schaffer, Head of Competence Center Electricity – Salzburg NetzDaniel Lafferty, Design Lead, Protection & Control – SP Energy NetworksAdrian Ferguson, Lead OT Project Manager – SSEN TransmissionMohseen Mohemmed, Lead Protection Automation and Control Engineer – SSEN TransmissionDeepa Shaji Kumar, Innovation Development Project Manager – SSEN TransmissionAlex Stuart, Head of Data Management – SSEN TransmissionRannveig Løken, Head of Protection Department – StatnettSvein Olsen, Enterprise Information Architect – StatnettNuran Cihangir Martin, Grid Strategist – StedinMachtelt Eggink, Technical Innovation Manager – StedinLeon Kuiper, Lead Data Scientist – StedinMarcel Neu, Project Manager, Meter Asset Management & Lead NextGen SIO – StedinJan Nienhuis, Security Expert – StedinBas van den Berge, Head of Asset System Policy & Technical Innovation – StedinSjors van der Heijden, Strategist, Grid Automation – StedinGiuseppe Martinelli, Domain Architect Business, Power System Data – Svenska kraftnätAnna Rådman, Senior Vice President Business Intelligence – Svenska KraftnätErik Wejander, Project Leader Digital Substation – Svenska kraftnätMichael Knuchel, Head of Substation Automation Systems Engineering – SwissgridMariusz Jurczyk, Board Advisor for AMI – TAURON DystrybucjaMuhammad Babar, Leadership Team, Asset Data Management – TennetRemko Logemann, Maintenance Strategist – TennetMatija Naglič, Business Developer, System Operations – TennetEmir Ozdurmus, Asset Specialist, High Voltage Control & SCADA Systems – TennetJan Vorrink, Senior Advisor International Affairs, Future Design, System Operation – TennetBogdan Leu, Project Manager – TranselectricaMohammed Radi, Network Data Modelling Engineer (CIM) – UK Power NetworksVincent Gliniewicz, Senior Data Strategist – VattenfallÍvar Hrafn Ágústsson, Control System Specialist – VeiturJoyce van de Garde, Director Telecommunications – Westenergie

For more information please contact:

Mandana White, CEO – Smart Grid Forums

Smart Grid Forums Ltd

PO Box 80711, London, N19 9HJ, United Kingdom

T: +44 (0)20 8057 1700 | registration@smartgrid-forums.com

Smart Grid Forums is an independent conference production company serving the smart grid technical community. We monitor the market, conduct in-depth interviews with technical decision makers and translate this information into techno-commercial conferences that empower participants to accelerate their implementation plans and deliver exceptional results to their organisations. Our events are peer-to-peer exchanges. They are immersive, exhaustive and action oriented. We place the utility voice centre-stage and uncover the implementation insights that will enable you to benchmark your own digitisation strategy, fine-tune your own implementation plan, and deliver exceptional results to your own organisation.

Media Contact

Mandana White, Smart Grid Forums, 44 020 8057 1700, registration@smartgrid-forums.com, www.smartgrid-forums.com

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SOURCE Smart Grid Forums

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The Hottest Dog Bronchial Health Supplement on Shopee in 2024

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SEOUL, South Korea, Nov. 10, 2024 /PRNewswire/ — As a dog owner, you may have often heard your furry friend coughing, whether it’s a dry hack or a honking sound. Though it might seem trivial, these coughs can cause serious discomfort for your furry friend and create anxiety for you as a caring pet parent.

DOCTORBY’s BREATH CARE is a nutritional supplement designed to support bronchial health in dogs, currently gaining attention among many pet owners on Shopee.

Coughing in dogs can be triggered by various factors, including temperature fluctuations, strong air conditioning, and dust or debris inhaled during walks. Additionally, as dogs age, their bronchial immunity can weaken, leading to potential health issues.

BREATH CARE contains a blend of functional ingredients like the plant-based complex extract TF-343, magnesium, and propolis, which can help alleviate respiratory issues such as coughing and support the elimination of waste accumulated in the bronchial passages.[1] With a taste dogs love, it doubles as a treat, making it incredibly easy for pet owners to administer. Furthermore, it has passed heavy metal and toxicity tests, ensuring safety without the use of synthetic sweeteners or colorings.

Currently, BREATH CARE ranks as one of the top products in Shopee’s pet nutrition and supplement category. In May 2024, it achieved the number one sales position in the pet nutrition category on Shopee Singapore, garnering immense popularity. Shopee has reported a staggering 3,000% growth in sales compared to 2023. Notably, DOCTORBY has not only topped the charts on Shopee but has also held the number one position on Amazon Japan for 22 consecutive weeks, establishing itself as a leader in the South Korean pet nutrition market and rapidly expanding in the global market.

For cat owners, the cat-specific bronchial supplement, CAT BREATH CARE, is also enjoying tremendous popularity. Additionally, DOCTORBY offers a variety of health supplements, including ‘SKIN & COAT’ for skin support, ‘EYES CARE’ for eye health and tear stain improvement, and ‘HAIRBALL CARE’ to assist with hairball elimination in cats. In Singapore, DOCTORBY products are exclusively available on Shopee.

Enjoy fast delivery via Shopee’s reliable fulfillment services, with most orders arriving within 2 to 3 days for a satisfying shopping experience. Shopee also hosts monthly promotional events, such as Double Day and Pay Day, offering a range of exciting deals. Moreover, a special Mega Day event is planned for November 11, promising additional benefits for shoppers.

[1] Korean J. Food Sci. Technol. Vol.35, no.5, pp980-987 (2003)

 

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SOURCE DOCTORBY

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