AGBA Solidifies Market Leadership with Expansion Plans and Focus on Tech/Fintech Innovation
15 Mai 2024 - 11:00PM
NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “Company”
or the “Group”), the leading one-stop financial supermarket in Hong
Kong released its financial results for the first quarter of 2024.
AGBA is thrilled to unveil its expansion plans,
including the planned acquisition of Triller in the U.S. and the
completion of the acquisition of Sony Life in Singapore. The
Company is in the acquisition process with Triller and eagerly
anticipates a successful completion. Upon completion, AGBA's
headquarters will be relocated to Los Angeles.
The combined company will strategically focus on
four key verticals: pioneering an industry-leading, global
AI-driven social video platform; generating captivating influencer,
artist, and sports content for a diverse global audience;
establishing a technology-driven wealth management and financial
services ecosystem; and making progressive investments in the
dynamic fintech sector.
AGBA is actively pivoting its business to become
a world-class tech/fintech-centric holding company, positioning
itself to drive innovation and excellence in the industry. This
sustained commitment to delivering results has solidified AGBA's
market leadership, reaffirming its reputation as the go-to
financial supermarket.
Mr. Wing-Fai Ng, Group President of AGBA
Group Holding Limited stated, “AGBA's expansion plans signify
an exciting milestone in our journey towards becoming a global
leader in the tech and fintech space. With the introduction of
Triller and Sony Life into the Group, we are strategically
positioning ourselves to drive innovation and deliver unparalleled
experiences to a diverse global audience.”
He added, “We are also fully committed to
attracting top talent to propel AGBA to new heights. By assembling
a team of exceptional individuals, we will drive our business
forward with unrivaled momentum, harnessing the power of our
collective expertise to unlock even greater success.”
To view a detailed analysis of our Q1 2024
financial results and future outlook, please visit www.agba.com/ir.
For more details, please refer to the company’s report on Form 10-K
filed with the Securities and Exchange Commission on March 28,
2024.
# # #
About AGBA Group:Established in 1993,
AGBA Group Holding Limited (NASDAQ: “AGBA”) is a leading one-stop
financial supermarket based in Hong Kong offering the broadest set
of financial services and healthcare products in the Guangdong-Hong
Kong-Macao Greater Bay Area (GBA) through a tech-led ecosystem,
enabling clients to unlock the choices that best suit their needs.
Trusted by over 400,000 individual and corporate customers, the
Group is organized into four market-leading businesses: Platform
Business, Distribution Business, Healthcare Business, and Fintech
Business.
For more information about AGBA, please visit
www.agba.com
Investor Relations and Media Contact:
Ms. Bethany Laimedia@agba.com/ ir@agba.com+852 5529 4500
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Social Media Channels:
agbagroupLinkedIn | X | Instagram | Facebook | YouTube |
Safe Harbor Statement
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as "may," "will," "intend," "should," "believe,"
"expect," "anticipate," "project," "estimate" or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company’s proposed acquisition of Triller Corp. and
Sony Life Singapore Pte. Ltd.; the Company's goals and strategies;
the Company's future business development; product and service
demand and acceptance; changes in technology; economic conditions;
the outcome of any legal proceedings that may be instituted against
us following the consummation of the business combination;
expectations regarding our strategies and future financial
performance, including its future business plans or objectives,
prospective performance and opportunities and competitors,
revenues, products, pricing, operating expenses, market trends,
liquidity, cash flows and uses of cash, capital expenditures, and
our ability to invest in growth initiatives and pursue acquisition
opportunities; reputation and brand; the impact of competition and
pricing; government regulations; fluctuations in general economic
and business conditions in Hong Kong and the international markets
the Company plans to serve and assumptions underlying or related to
any of the foregoing and other risks contained in reports filed by
the Company with the SEC, the length and severity of the recent
coronavirus outbreak, including its impacts across our business and
operations. For these reasons, among others, investors are
cautioned not to place undue reliance upon any forward-looking
statements in this press release. Additional factors are discussed
in the Company's filings with the SEC, which are available for
review at www.sec.gov. The Company undertakes no obligation to
publicly revise these forward–looking statements to reflect events
or circumstances that arise after the date hereof.
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