Triller Inc. Secures $310 Million Equity Funding from Global Emerging Markets (GEM) in connection with Upcoming Public Listing

Company Expects to be Publicly Trading in Early Q4 Under Symbol “ILLR”

LOS ANGELES, Sept. 29, 2022 (GLOBE NEWSWIRE) — Triller Inc.(“Triller”) and GEM Global Yield LLC SCS (“GGY”) today announced a binding $310 million investment from GEM, the Luxembourg based private alternative investment group, in the form of a share subscription facility. Under the agreement, GEM will provide Triller with up to $310 million in equity capital for a 36-month term following a public listing of Triller’s common stock.

Triller will not be obligated to draw the full $310 million but can do so in part or in whole at its discretion. Triller will control both the timing and amount of all drawdowns and will issue stock to GEM on each drawn down from the facility. Triller will also issue warrants to GEM, further aligning the interests of the companies.

Triller filed its private S-1 with the U.S. Securities and Exchange Commission last month and is submitting what it anticipates being the final S-1 concurrently with the closing of this facility. The expectation is that trading will commence in early Q4 2022.

“Triller has been growing tremendously,” said Mahi de Silva, CEO and Chairman of Triller. “At our inception in 2019, we were a zero-revenue company; now we are on track to break $100 million in revenue this year. The Triller app has been downloaded more than 350 million times, and the company works with dozens of the world’s largest brands and thousands of top artists, disrupting the entire creator community.”

Triller has 10 business lines, eight of which are at break-even or profitable, and effectuates 750 million interactions per quarter, each of which is a potential monetizable transaction for the company in the future.

With the capital infusion from GEM, Triller will be able to make additional acquisitions to strengthen its toolbox for the creator community and reach breakeven or profitability in the short-term. Assuming it draws upon the full $310 million equity facility, Triller will have raised more than $600 million dollars and, upon its IPO, will be virtually debt free.

“Triller is breaking all the rules of the closed garden systems. It is challenging the way the old establishment takes advantage of creators and users by keeping 99 percent of the money within the system for itself,” said De Silva. “The reason the industry is so set on MAU, DAU and the like is that is how much time someone spends within one company’s particular closed garden and means that the social networks ‘own’ the user, revenue, brand and information.

“Triller breaks that system wide open. As an open garden, our goal is to put the power back in the hands of the creators and users, allowing creators and brands to connect directly. We provide tools to maximize those connections and how well each can be monetized. In addition, looking at the number of interactions we facilitate helps us to forecast future revenue since each one of those is a potential transaction fee for us.”

About Triller Inc.

Triller is the AI-powered open garden technology platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller encourages its influencers to post the content created on the app across different social media platforms and uses proprietary AI technology to push and track their content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller additionally owns VERZUZ, the live-stream music platform; combat sports brands Triller Fight Club, Triad Combat and BKFC; Amplify.ai, a leading customer engagement platform; FITE.tv, a premier global PPV, AVOD, and SVOD streaming service; Thuzio, a leader in B2B premium influencer events and experiences; Fangage, a platform for creators to engage fans and monetize content and Julius, a platform for brands and agencies to harness creators for social engagement and social commerce.

About GEM
Global Emerging Markets (“GEM”) is a $3.4 billion, Luxembourg based private alternative investment group with offices in Paris, New York and The Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in over 70 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments. For more information: http://www.gemny.com

Tony Freinberg
President, Edendale Strategies
tony@edendalestrategies.com
(310) 614-1435

Vinamilk recognized as “The 6th Most Valuable Dairy Brand” globally in 2022 by Brand Finance

HO CHI MINH CITY, Vietnam, Sept. 29, 2022 /PRNewswire/ — Vinamilk, Vietnam’s leading dairy manufacturer has reached a new milestone by being ranked 6th position in the Top 10 Most Valuable Dairy Brands by Brand Finance.

Brand Finance offered Vinamilk’s brand value certificate to the company’s representative

The US$2.8 billion valuation this year sees an impressive 18% increase as compared to 2021, reaffirms Vinamilk’s leading position. Specifically, in the dairy segment, the brand was ranked the Most Potential Dairy Brand and continues to appear in the Top 5 Strongest Dairy Brands, coming in 2nd place – a remarkable result for Vinamilk as the only Southeast Asia representative in the Top 10 ranking for both brand value and strength. Vinamilk also leaves its footprint in major Food rankings such as Top 30 Most Valuable Food Brands and Top 10 Strongest Food Brands.

Vinamilk’s brand value growth (2019 – 2022)

Furthermore, according to the nationwide report, Brand Finance also recognized Vinamilk as the Most Valuable Food Brand in Vietnam.

“The significant role of the brand is well aware by Vinamilk throughout the development of the company, especially in F&B and the dairy industry in particular. Throughout our 46-year journey, Vinamilk has continuously built the company’s brand value in accordance to our core pillars – product quality, service and our reputation amongst consumers”, said Mrs. Bui Thi Huong, Vinamilk Chief Director of Admin, HR & PR.

Vinamilk’s recent activities in Australia Fine Food trade fair

She also believes Vietnamese businesses will focus and put all their effort in achieving higher rankings on global rankings, affirming the position and value of Vietnamese national brands.

Every year, Brand Finance puts 5,000 of the world’s biggest brands in 29 industries throughout 39 countries under its test. With an integrated measurement method, considering various brand factors such as impact, health and reputation, investment and others combined with financial and survey data, the annual Food and Drink report published by Brand Finance provides brand health assessments in a transparent, fair and objective manner.

The changes when compared to Brand Finance’s 2021 report suggest that brands that invest in intrinsic strength, as well as focus on core values and long-term vision, are more likely to overcome uncertainty in turbulent times, and are developing further through innovation and continuity to meet growing consumer needs.

Vinamilk’s investments have also been positively recognized by other local and international organizations. The Brand Footprint 2022 report published by Worldpanel, Kantar signified Vinamilk’s decade-long achievements in maintaining leading positions in the Top 10 Most Chosen Dairy Brands in Vietnam.

In addition, Vinamilk was also honored for the 10th consecutive time in Forbes Vietnam’s 50 Best Listed Companies and has been recognized as one of “Vietnam Value” brands by VIETRADE since 2010.

Present in 57 countries and territories with a total accumulated export turnover of US$2.75 billion, Vinamilk continues to research and develop new products to increase its penetration to key export markets.

Since the beginning of 2022, the company has actively participated in a number of international trade activities and food fairs in China, Dubai, Japan, South Korea, and Australia to introduce Vinamilk’s range of products, as well as seeking opportunities for its international expansion.

About Vinamilk

Founded in 1976, Vinamilk is the leading dairy company in Vietnam which is listed among the Top 40 largest nutrition companies in the world by revenue and Top 10 of the world’s most valuable dairy brands. Vinamilk currently manages 17 factories, 15 dairy farms in Vietnam and overseas.

Photo – https://mma.prnewswire.com/media/1910811/1.jpg
Photo – https://mma.prnewswire.com/media/1910812/Vinamilk_Brand_Value_Graph__1.jpg
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Africa is Rolling Out a New Plan for Pandemic Preparedness and Health Emergencies

In late August, health ministers from across Africa held a meeting in Togo in which they adopted a common strategy to confront health emergencies.

The so called “Regional Strategy for Health Security and Emergencies” commits African countries to concrete steps to strengthen disease surveillance, response and preparedness.

There are over 100 health emergencies in Africa each year — including outbreaks of infectious and deadly diseases like Yellow Fever, meningitis, and ebola. And it is sometimes the case that diseases endemic only in parts of Africa, like MonkeyPox, can spread globally precisely because of limited local capacity to contain an outbreak. This new strategy seeks to change that dynamic.

In this episode, we speak with Dr. Abdou Salam Gaye, WHO Regional Emergency Director for Africa to discuss this new African health security plan and Africa’s role in global pandemic preparedness and response.

We kick off by discussing what COVID revealed about African health systems’ ability to respond to a massive emergency. Dr. Salam then explains some key elements of this new regional strategy on health emergencies and how the successsful implementation of this plan will have a global impact.

Source: UN Dispatch

General Conference: Day 2 Highlights

contributed to ARASIA’s achievements over the past two decades.

At the interactive session, Exploring Electricity Sector Decarbonization with PowerInvest, participants were challenged to set a country’s electricity generation mix, optimizing it for emissions reduction, and for costs and supply reliability, using the PowerInvest tool. At the event attendees also explored ways of balancing these objectives with the need for sustainable use of land, water and critical mineral resources.

Attendees at the event Comprehensive Safeguards Capacity Building for States: ISSAS and COMPASS celebrated the cooperation between States and the IAEA in strengthening State systems of accounting for and control of nuclear material (SSACs) and State or regional authorities responsible for safeguards implementation (SRAs). The event highlighted the assistance provided by the IAEA in this area, specifically the IAEA Comprehensive Capacity-Building Initiative for SSACs and SRAs (COMPASS) and the IAEA Safeguards and SSAC Advisory Service (ISSAS).

At the event, 18 Years of the Programme on Nuclear Security at Major Public Events, delegates came together to mark the success of the Agency’s Programme on Nuclear Security at Major Public Events. Participants learned about the IAEA’s support and assistance in this area, and also focused on the ways in which the IAEA can continue enhancing its support to strengthen countries’ capabilities in nuclear security when hosting events that draw media attention and public interest.

Participants at the IAEA Resources for Technical and Statistical Information on Nuclear Fuel Cycle Activities Worldwide event, gained an overview of the various resources available under the Integrated Nuclear Fuel Cycle Information System.

Increasing the number of women that pursue careers in nuclear fields, and building human resource strategies to create inclusive talent development in nuclear organizations, were the key topics discussed at the event, Human Resource Strategies for Gender Equality in Nuclear Organizations. During a panel discussion with IAEA staff and international experts from non-profit organizations and the private sector, participants discussed ways of attracting more women to careers in the nuclear field, including building talent outreach strategies, developing global partnerships as well as changing the narrative about the nuclear field.

Participants at the interactive event Leading for Safety: An Interactive Introduction to the International School on Nuclear and Radiological Leadership for Safety discussed key issues for sustainable nuclear safety in practice. At the event, participants highlighted the importance of insight into group behaviour from diverse points of view, and advanced knowledge of nuclear security and safety culture.

The Water Security in a Changing World event, co-organized by the IAEA and UNESCO (Division of Water Sciences) showcased the ways in which nuclear techniques can help Member States evaluate the sustainability of their water resources. At the event participants learned about the interlinkages between different water reservoirs, the need to maintain biodiversity while meeting human demand, and the long-term impact of climate change on transboundary water resource security.

Member States’ activities:
The event Strengthening Nuclear Security Through Capacity Building and Education, organized by the European Union, the IAEA and the Czech Republic, covered the experience of the EU and the IAEA in supporting capacity building and education in nuclear security in Member States, and showcased the nuclear security achievements of the Centres of Excellence in Eastern and Central Africa.

The importance of international emergency preparedness and response (EPR) tools and mechanisms was the focus of the event, International Emergency Preparedness and Response (EPR): Tools and Capacity Building, organized by the United States of America. During the session, experts shared their perspectives on the experience of using such tools, and on EPR capacity building.

How the NUWARD small modular reactor (SMR) can offer a sustainable solution for quick access to baseload, dispatchable, affordable and low carbon power generation, was the topic of the NUWARD: Leading the Way to a Sustainable SMR Market event, organized by France. Attendees were given updates on NUWARD’s development, its structuring and partnership strategy, and the EU licencing strategy.

The Application of Non-destructive Testing for Cultural Heritage and Post-disaster Intervention event, organized by Italy, showcased Italy’s experience in this field and in preserving cultural heritage. At the event, the contribution of the Italian Society for Non-Destructive Testing Monitoring Diagnostics (AIPnD) to IAEA activities and technical cooperation projects, was highlighted.

At the virtual event, Decommissioning and Radioactive Waste Management: Lessons from the Past, Adapting to the Challenges of the Present and Sustainable Technologies for the Future, organized by the Russian Federation, participants learned about Russian activities in decommissioning and radioactive waste management. The event featured a discussion on scientific and technical collaboration to raise awareness of the importance of addressing decommissioning as a part of a sustainable future.

The event, 25 Years Joint Convention: A Proven Instrument for Improving Nuclear Safety and Promoting Transparency and Public Confidence in Spent Fuel and Radioactive Waste Management, organized by Switzerland, highlighted the importance of the Joint Convention on the Spent Fuel Management and on the Safety of Radioactive Waste Management, a unique ‘incentive’ instrument that addresses the safety of spent fuel and radioactive waste management on a global scale.

At the Modern Innovations and Belgian Know-how in Nuclear Cancer Therapy, Diagnostics and Theranostics event, organized by Belgium, experts presented key administrative and safety aspects of medical applications of ionizing radiation, and illustrated how innovative applications of ionizing radiation help in the fight against cancer.

The role that nuclear technologies play in enabling countries and communities to adapt to a changing climate was the focus of the Nuclear Sciences and Technology for Climate Adaptation event, organized by the United Kingdom.

The Redesignation of the CEA as an ICERR in Partnership with the IRSN event, organized by France, focused on the feedback from IAEA Member States on the French Alternative Energies and Atomic Energy Commission’s (CEA’s) first designation period as an IAEA-designated International Centre based on Research Reactor (ICERR). Participants also discussed the new scope of the CEA–IRSN designation and the potential links with other organizations.

Discussions at the virtual event, Sustainability Compliance Criteria of the EU Taxonomy for Nuclear Energy, organized by the Russian Federation, focused on the role of nuclear energy in the energy transition, safety of nuclear power plant operations, advances in developing tolerant fuel, technological solutions for closing the fuel cycle and reprocessing of spent nuclear fuel, and overall compliance with the criteria of the Complementary Climate Delegated Act to the EU Taxonomy.

Experts at the event, The Development of Alpha-emitting Radiopharmaceuticals, the Supply of Astatine-211 and the Role of International Organizations, organized by Japan, discussed the status of development of the alpha-emitting radiopharmaceutical astatine-211, the supply chains of such rare isotopes, and the potential role of international organizations in their practical use.

At the Trends in Nuclear Education virtual session, organized by the Russian Federation, discussions took place about the current trends in nuclear education and new science, technology, engineering and mathematics programmes. Participants also discussed how university networks can help enable cross-university cooperation and new research and education projects.

At the event Internet Reactor Laboratories: Remote Practical Learning Using Research Reactors, organized by Argentina, participants were introduced to the Internet Reactor Laboratories, established with IAEA support in four geographical regions to provide remote access to experiments conducted at research reactors for students and young professionals located in other countries. Attendees were also able to observe a live demonstration of a training session broadcast from one of the host reactors.

Representatives from Indonesia showcased a programme for capacity building in nuclear science and technology in other developing countries, as a framework for enhancing technical cooperation among developing countries and strengthening South–South cooperation, at the event, Promoting Capacity Building in Nuclear Science and Technology. Participants heard about how the programme builds on IAEA technical cooperation projects, student exchanges and internships, as well as researcher visits and post-doctoral programmes.

At an event, SMR Deployment Timelines: US Industry Updates, organized by the United States of America, US industry representatives from companies with plans to deploy small modular reactors (SMRs) by 2029 provided updates on their technology and timelines.

Technical experts presented the top five misconceptions about advanced reactors and their uses at the Advanced Reactors: Myths and Misconceptions event, organized by the United States of America.

During the event, Commemoration of the 30th Anniversary of the EUR Organization, organized by France, the European Utility Requirements (EUR) Organization showcased its achievements.

Source: International Atomic Energy Agency

Report: Million Livelihoods in DRC Threatened by Planned Oil and Gas Exploration

The environmental group Greenpeace Africa has released a report saying planned oil and gas exploration in the eastern Democratic Republic of Congo could expose more than 1 million people to pollution and disease.
The planned selling of 30 eastern land blocks that extend into a famous gorilla reserve would also threaten wildlife and food security, while fueling conflict, poverty and corruption, according to the report.
Residents in the area accuse the government of keeping them in the dark and expressed fear of losing their livelihoods when companies start drilling for fossil fuels.
Representatives for Greenpeace Africa and partner organizations visited about 30 villages in July to gauge the community’s awareness of the planned exploration and how they intend to protect their land and livelihoods.
Mbong Akiy Fokwa Tsafack, head of communication at Greenpeace Africa, said many communities are not aware of the government’s plan to auction their land.
“The thought of the government thinking of auctioning their lands for oil was really a shock for them. They were unaware, so they didn’t know this was underway, which is quite shocking given how much the government has said it plans to really put people ahead of everything else,” Tsafack said.
No one asked residents what they thought of the oil and gas drilling project, said Bantu Lukambo, who works with Innovation for the Development and Protection of the Environment, an NGO monitoring the welfare of communities around Virunga National Park.
The government is supposed to have public input before undertaking such exploration, he said, but failed to do so. Even parliament members were not included in the decision-making process, he added.
DRC President Felix Tshisekedi defended his government’s plan while speaking at the United Nations General Assembly last week, saying oil discovery would bring economic development to his people.
Hydrocarbons Minister Didier Budimbu Ntubuanga, speaking at the Africa Oil Week conference in Senegal early this month, said the DRC has received two offers for the oil blocks and said any exploration will follow environmental guidelines.
Lukambo is doubtful that will be the case.
He fears all the fish will die if the exploration begins, and fishermen and their families will be in trouble. In addition, he added, 14 of the oil blocks are in Virunga National Park, and the others are in farming areas. If exploration starts on the land, he said, farmers won’t farm their land.
The oil exploration blocks overlap parts of Congo’s most pristine ecosystems and Virunga Park, which is home to over 1,000 species of animals and birds.
Tsafack said Congo’s leaders need to reconsider their decision to allow oil exploration in the park and nearby areas.
“This is a moment when we need to see leadership coming through, in terms of the zeal to uproot corruption, to strengthen good governance and to put the people of the DRC at [the] heart of any kind of development agenda,” Tsafack said. “And putting the people of DRC at the heart of any development agenda means really looking into the communities and finding out what it is that will uplift their lives.”
The 20-page report from Greenpeace urges the government to halt the projects and encourage alternative investments in renewable energy sources.

Source: Voice of America