LOS ANGELES, May 15, 2024 (GLOBE NEWSWIRE) — NASDAQ-listed AGBA Group Holding Limited (“AGBA” or the “Company” or the “Group”), a leading one-stop financial supermarket in Hong Kong, has released its financial results for the first quarter of 2024.
AGBA is pleased to announce 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 process of acquiring Triller and looks forward to the successful completion of the transaction. Upon completion, AGBA will relocate its headquarters to Los Angeles.
The combined company will strategically focus on four key verticals: pioneering an industry-leading AI-powered global social video platform; generating engaging content for influencers, artists and athletes for a diverse global audience; building a technology-driven wealth management and financial services ecosystem; and making incremental investments in the dynamic fintech sector.
AGBA is actively working to evolve its business into a world-class technology and fintech-centric holding company, positioning itself to drive innovation and excellence in the sector. This sustained commitment to delivering results has solidified AGBA’s market leadership, reaffirming its reputation as the financial supermarket of choice.
Mr. Wing-Fai Ng, Chairman of AGBA Group Holding Limited said: “AGBA’s expansion plans represent an exciting step in our journey to become 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 propel AGBA to new heights. By bringing together a team of exceptional individuals, we will drive our business forward with unmatched momentum, harnessing the power of our collective expertise to achieve even greater success.”
For a detailed analysis of our first quarter 2024 financial results and future outlook, please visit www.agba.com/irFor 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:
Founded in 1993, AGBA Group Holding Limited (NASDAQ: “AGBA”) is a leading financial supermarket based in Hong Kong. It offers the widest range of financial services and healthcare products in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through a technology-driven ecosystem, enabling customers to benefit from choices that best suit their needs. Trusted by over 400,000 individual and corporate customers, the Group is organized into four market-leading business segments: Platform Business, Distribution Business, Healthcare Business and Fintech Business.
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 in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, objectives, goals, strategies, future events or performance, as well as underlying assumptions and other statements that are not statements of historical fact. When the Company uses words such as “may,” “will,” “intend,” “should,” “believes,” “expects,” “anticipates,” “projects,” “estimates” 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 actual results to differ materially from the Company’s expectations described in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to: the Company’s proposed acquisition of Triller Corp. and Sony Life Singapore Pte. Ltd.; the Company’s objectives and strategies; the Company’s future business development; demand for and acceptance of its products and services; technological changes; economic conditions; the outcome of any legal proceedings that may be instituted 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 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 regulation; fluctuations in general economic and business conditions in Hong Kong and in the international markets the Company expects to serve and the assumptions underlying or relating to any of the foregoing risks and other risks contained in the Company’s filings 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 filings with the SEC, which can be found at www.sec.govThe Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances occurring after the date hereof.
