LOS ANGELES, May 15, 2024 (GLOBE NEWSWIRE) — NASDAQ-listed AGBA Group Holding Limited (“AGBA” or the “Company” or the “Group”), Hong Kong’s leading one-stop financial supermarket, has released its financial report. results for the first quarter of 2024.
AGBA is excited to reveal its expansion plans, including the planned acquisition of Triller in the United States and the completion of the acquisition of Sony Life in Singapore. The company is in the acquisition process with Triller and looks forward to a successful completion. Once completed, AGBA’s headquarters will be relocated to Los Angeles.
The combined company will strategically focus on four key verticals: pioneering a cutting-edge global AI-powered social video platform; generate compelling content about influencers, artists and sports for a diverse global audience; establish a technology-driven wealth management and financial services ecosystem; and make progressive investments in the dynamic fintech sector.
AGBA is actively pivoting its business to become a world-class technology and fintech-focused holding company, positioning itself to drive innovation and excellence in the sector. This sustained commitment to delivering results has solidified AGBA’s leadership in the market, reaffirming its reputation as the go-to financial supermarket.
Mr. Wing-Fai Ng, Group Chairman of AGBA Group Holding Limited said: “AGBA’s expansion plans mark an exciting milestone in our journey to becoming a global leader in technology and fintech. With the introduction of Triller and Sony Life to the group, we are strategically positioned to drive innovation and deliver unparalleled experiences to a diverse global audience.
He added: “We are also fully committed to attracting the best talent to take AGBA to new heights. By bringing together a team of exceptional people, we will advance our business with unprecedented momentum, harnessing the power of our collective expertise to unlock even greater success.
To view a detailed analysis of our first quarter 2024 financial results and future outlook, please visit www.agba.com/ir. For further details, please refer to the Company’s Report on Form 10-K filed with the Securities and Exchange Commission on March 28, 2024.
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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 widest range of financial services and healthcare products in the Greater Guangdong-Hong Kong-Macao Bay (GBA). ) through a technology-driven ecosystem, enabling customers to unlock the choices that best meet their needs. Recognized by more than 400,000 individual and business customers, the Group is organized into four market-leading activities: the Platform activity, the Distribution activity, the Health activity and the Fintech activity.
For more information about AGBA, please visit www.agba.com
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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 regarding plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements other than statements of historical fact. When the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate” or similar expressions that do not relate solely to historical matters, it makes forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause 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 the following: the Company’s proposed acquisition of Triller Corp. and Sony Life Singapore Pte. Ltd.; the objectives and strategies of the Company; the future commercial development of the Company; demand for and acceptance of products and services; technological changes; economic conditions; the outcome of any legal proceedings that may be brought against us following the completion of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance, opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, its cash flows and uses, its 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 that the Company intends to serve and the assumptions underlying or relating to any of the above and other risks contained in the reports filed by the Company with the SEC, the duration and severity of the recent coronavirus outbreak, including its impacts on our business and operations. For these and other reasons, investors are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Additional factors are discussed in the Company’s SEC filings, which can be found at: www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances occurring after the date hereof.
