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- Mediacom Communications Brings New Fiber Internet Service to New London AreaMediacom Communications today announced that its new fiber-to-the-home network is now available to residents in the New London, Iowa, area.
- Verizon Communications, Inc.Verizon to report third-quarter earnings October 26, 2026Companies: VerizonVerizon Communications Inc. (NYSE, Nasdaq: VZ) will report third-quarter 2026 earnings on Monday, October 26, 2026.
- HKTDC raises 2026 export forecast amid AI boom, Strong technology demand and resilient supply chains underpin growthHONG KONG, Sept 28, 2026 - The Hong Kong Trade Development Council (HKTDC) has substantially revised upward its forecast for Hong Kong's merchandise export growth in 2026 to 42%-47%, following significantly stronger-than-expected global demand for artificial intelligence (AI)-related technologies, prompting a major upgrade to the trade outlook. Meanwhile, the latest HKTDC Export Confidence Index (3Q26) indicates that exporter sentiment remains broadly positive despite ongoing geopolitical uncertainties. The Current Performance Index stood at 51.8, while the Expectation Index registered 51.3, with both remaining above the neutral 50-point threshold. HKTDC Director of Research Bruce Pang (left), Deputy Director of Research Wing Chu (centre) and Section Head of Special Project & Business Advisory Kenneth Lee (right) announced the latest Hong Kong’s export outlook for 2026 and HKTDC Export Confidence Index for the third quarter of the year at a press conference today. AI-driven electronics exceed expectations Commenting on the export outlook, HKTDC Director of Research, Bruce Pang, said: "The strong Hong Kong export growth recorded this year has been driven primarily by the rapid acceleration of global demand for AI-related products and infrastructure. Demand for semiconductors, memory chips, computer components, telecommunications equipment and other advanced electronics expanded much faster than expected, providing substantial support to Hong Kong's exports." HKTDC Director of Research Bruce Pang Electronics remained the dominant growth engine, accounting for approximately 80% of Hong Kong's total exports in the first eight months of 2026. Exports of electronics rose by 52.8% year-on-year, significantly outpacing overall export growth. Major markets included the Chinese Mainland, ASEAN and the US, reflecting strong demand across global technology supply chains. Particularly notable was the strong performance of items related to growing investments in AI infrastructure, cloud computing, data centres and next-generation digital technologies worldwide. AI-related electronics now account for an increasingly significant share of Hong Kong's exports. Growth with broader regional trade flows throughout Asia The strong export performance has not been confined to a narrow range of technology items. HKTDC Deputy Director of Research, Wing Chu, said: "Exports of a broad range of conventional electronic parts and components have continued to perform strongly. Regional manufacturing networks spanning the Chinese Mainland and ASEAN economies remain highly active, supporting vigorous trade flows throughout Asia. At the same time, export performance across many traditional industries has remained broadly stable, reflecting continued overseas demand and resilient consumption in major markets." HKTDC Deputy Director of Research Wing Chu ASEAN continues to be one of Hong Kong's most dynamic export destinations, while exporter sentiment towards both ASEAN and the Chinese Mainland remains firmly positive. Regional trade flows across Asia have remained exceptionally strong amid the ongoing technology upcycle, demonstrating the resilience of regional production networks and supply chains. The Chinese Mainland's high-technology manufacturing sector has remained in expansion territory, helping sustain demand for electronic components and related intermediate goods. Exports remain robust amid evolving US trade policies Recent developments in US trade policy have introduced additional uncertainty into the global trading environment. In July, the United States imposed an additional 12.5% Section 301 tariff on imports from a number of trading partners, including the Chinese Mainland and Hong Kong. Nevertheless, Hong Kong's exports to the United States have remained remarkably resilient, with US-bound exports rising by 63.4% year-on-year in the first eight months of 2026. Bruce Pang added: "While the latest Section 301 tariff measures have added a degree of uncertainty for businesses, the direct impact on Hong Kong exports is expected to be limited. A substantial share of Hong Kong's exports to the United States consists of products covered by tariff exemption arrangements, particularly in the technology and electronics sectors.” “Recent developments in China-US relations have also helped improve the trade environment. The September Xi-Trump meeting and extension of the trade truce until January 2027, coupled with the US$30 billion Reciprocal Tariff Reduction Arrangement, provide a welcome period of stability, reducing the risk of further tariff escalation in the coming months. The extended policy dialogue between the two sides has also led to further easing in bilateral trade tensions. Together with the continued strength of global demand for technology products, these developments should help underpin Hong Kong's export performance in the months ahead." Hong Kong moving up the value chain Beyond the cyclical upswing in technology demand, recent trade developments also point to a significant structural transformation in Hong Kong's trade profile. According to HKTDC research, Hong Kong's exports are increasingly concentrated in high-value, technology-intensive products such as integrated circuits, computer parts and advanced telecommunications equipment. These products are progressively replacing traditional lower-value, bulk merchandise as key contributors to export growth. At the same time, Hong Kong's trade logistics pattern is undergoing a profound shift, as the growing importance of high-value items, such as semiconductors and luxury products, has increased reliance on air freight. Hong Kong's extensive air cargo network, combined with its close land transport connectivity with advanced manufacturing clusters in Southern China, has strengthened its position as a leading high-value international trade and logistics hub, as pledged in Hong Kong’s First Five-Year Plan. Wing Chu said: "Hong Kong is increasingly handling products that are compact in size but exceptionally high in value, which are frequently transported via a combination of air cargo services serving overseas destinations and land transport links connecting Hong Kong with manufacturing centres in the Chinese Mainland. This transformation highlights Hong Kong's evolution from a traditional trading gateway into a high-value-added international trade and supply chain management centre." Outlook remains constructive Looking ahead, the HKTDC expects Hong Kong's exports to maintain solid momentum through the remainder of 2026, supported by resilient global demand for technology products, and robust manufacturing and trade activities across the Chinese Mainland and other major destinations, such as ASEAN. Nevertheless, exporters will continue to navigate a challenging and uncertain external environment. HKTDC Section Head of Special Project & Business Advisory, Kenneth Lee, said: "Businesses continue to face a range of external headwinds like geopolitical tensions, volatility in energy and commodity markets, and rising protectionist measures in certain economies. Despite these challenges, international consumption has remained relatively resilient in recent months, helping sustain demand for a broad range of consumer products. As a result, sectors such as clothing, watches and clocks, and jewellery have continued to deliver stable export performance alongside the strong growth seen in technology-related industries." HKTDC Section Head of Special Project & Business Advisory Kenneth Lee References - Hong Kong’s 2026 Export Outlook: Hong Kong Export Growth Forecast Upgraded to 42%-47%https://research.hktdc.com/en/article/MjQzNzY3NzQ4Mg- HKTDC Export Confidence Index 3Q26: Sentiment remains broadly positivehttps://research.hktdc.com/en/article/MjQzNzY3MzkyMw- Hong Kong's Evolution into a High Value-Added Trade Hubhttps://research.hktdc.com/en/article/MjQzOTM2OTY1MQ- HKTDC Research websitehttps://research.hktdc.com/en/ Photo download: https://bit.ly/4rD4M8f Media enquiries Please contact the HKTDC’s Communications and Public Affairs Department: Christy Lee Tel: (852) 2584 4369 Email: [email protected] About HKTDC The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
- HKTDC raises 2026 export forecast amid AI boom, Strong technology demand and resilient supply chains underpin growthHONG KONG, Sept 28, 2026 - The Hong Kong Trade Development Council (HKTDC) has substantially revised upward its forecast for Hong Kong's merchandise export growth in 2026 to 42%-47%, following significantly stronger-than-expected global demand for artificial intelligence (AI)-related technologies, prompting a major upgrade to the trade outlook. Meanwhile, the latest HKTDC Export Confidence Index (3Q26) indicates that exporter sentiment remains broadly positive despite ongoing geopolitical uncertainties. The Current Performance Index stood at 51.8, while the Expectation Index registered 51.3, with both remaining above the neutral 50-point threshold. HKTDC Director of Research Bruce Pang (left), Deputy Director of Research Wing Chu (centre) and Section Head of Special Project & Business Advisory Kenneth Lee (right) announced the latest Hong Kong’s export outlook for 2026 and HKTDC Export Confidence Index for the third quarter of the year at a press conference today. AI-driven electronics exceed expectations Commenting on the export outlook, HKTDC Director of Research, Bruce Pang, said: "The strong Hong Kong export growth recorded this year has been driven primarily by the rapid acceleration of global demand for AI-related products and infrastructure. Demand for semiconductors, memory chips, computer components, telecommunications equipment and other advanced electronics expanded much faster than expected, providing substantial support to Hong Kong's exports." HKTDC Director of Research Bruce Pang Electronics remained the dominant growth engine, accounting for approximately 80% of Hong Kong's total exports in the first eight months of 2026. Exports of electronics rose by 52.8% year-on-year, significantly outpacing overall export growth. Major markets included the Chinese Mainland, ASEAN and the US, reflecting strong demand across global technology supply chains. Particularly notable was the strong performance of items related to growing investments in AI infrastructure, cloud computing, data centres and next-generation digital technologies worldwide. AI-related electronics now account for an increasingly significant share of Hong Kong's exports. Growth with broader regional trade flows throughout Asia The strong export performance has not been confined to a narrow range of technology items. HKTDC Deputy Director of Research, Wing Chu, said: "Exports of a broad range of conventional electronic parts and components have continued to perform strongly. Regional manufacturing networks spanning the Chinese Mainland and ASEAN economies remain highly active, supporting vigorous trade flows throughout Asia. At the same time, export performance across many traditional industries has remained broadly stable, reflecting continued overseas demand and resilient consumption in major markets." HKTDC Deputy Director of Research Wing Chu ASEAN continues to be one of Hong Kong's most dynamic export destinations, while exporter sentiment towards both ASEAN and the Chinese Mainland remains firmly positive. Regional trade flows across Asia have remained exceptionally strong amid the ongoing technology upcycle, demonstrating the resilience of regional production networks and supply chains. The Chinese Mainland's high-technology manufacturing sector has remained in expansion territory, helping sustain demand for electronic components and related intermediate goods. Exports remain robust amid evolving US trade policies Recent developments in US trade policy have introduced additional uncertainty into the global trading environment. In July, the United States imposed an additional 12.5% Section 301 tariff on imports from a number of trading partners, including the Chinese Mainland and Hong Kong. Nevertheless, Hong Kong's exports to the United States have remained remarkably resilient, with US-bound exports rising by 63.4% year-on-year in the first eight months of 2026. Bruce Pang added: "While the latest Section 301 tariff measures have added a degree of uncertainty for businesses, the direct impact on Hong Kong exports is expected to be limited. A substantial share of Hong Kong's exports to the United States consists of products covered by tariff exemption arrangements, particularly in the technology and electronics sectors.” “Recent developments in China-US relations have also helped improve the trade environment. The September Xi-Trump meeting and extension of the trade truce until January 2027, coupled with the US$30 billion Reciprocal Tariff Reduction Arrangement, provide a welcome period of stability, reducing the risk of further tariff escalation in the coming months. The extended policy dialogue between the two sides has also led to further easing in bilateral trade tensions. Together with the continued strength of global demand for technology products, these developments should help underpin Hong Kong's export performance in the months ahead." Hong Kong moving up the value chain Beyond the cyclical upswing in technology demand, recent trade developments also point to a significant structural transformation in Hong Kong's trade profile. According to HKTDC research, Hong Kong's exports are increasingly concentrated in high-value, technology-intensive products such as integrated circuits, computer parts and advanced telecommunications equipment. These products are progressively replacing traditional lower-value, bulk merchandise as key contributors to export growth. At the same time, Hong Kong's trade logistics pattern is undergoing a profound shift, as the growing importance of high-value items, such as semiconductors and luxury products, has increased reliance on air freight. Hong Kong's extensive air cargo network, combined with its close land transport connectivity with advanced manufacturing clusters in Southern China, has strengthened its position as a leading high-value international trade and logistics hub, as pledged in Hong Kong’s First Five-Year Plan. Wing Chu said: "Hong Kong is increasingly handling products that are compact in size but exceptionally high in value, which are frequently transported via a combination of air cargo services serving overseas destinations and land transport links connecting Hong Kong with manufacturing centres in the Chinese Mainland. This transformation highlights Hong Kong's evolution from a traditional trading gateway into a high-value-added international trade and supply chain management centre." Outlook remains constructive Looking ahead, the HKTDC expects Hong Kong's exports to maintain solid momentum through the remainder of 2026, supported by resilient global demand for technology products, and robust manufacturing and trade activities across the Chinese Mainland and other major destinations, such as ASEAN. Nevertheless, exporters will continue to navigate a challenging and uncertain external environment. HKTDC Section Head of Special Project & Business Advisory, Kenneth Lee, said: "Businesses continue to face a range of external headwinds like geopolitical tensions, volatility in energy and commodity markets, and rising protectionist measures in certain economies. Despite these challenges, international consumption has remained relatively resilient in recent months, helping sustain demand for a broad range of consumer products. As a result, sectors such as clothing, watches and clocks, and jewellery have continued to deliver stable export performance alongside the strong growth seen in technology-related industries." HKTDC Section Head of Special Project & Business Advisory Kenneth Lee References - Hong Kong’s 2026 Export Outlook: Hong Kong Export Growth Forecast Upgraded to 42%-47% https://research.hktdc.com/en/article/MjQzNzY3NzQ4Mg - HKTDC Export Confidence Index 3Q26: Sentiment remains broadly positive https://research.hktdc.com/en/article/MjQzNzY3MzkyMw - Hong Kong's Evolution into a High Value-Added Trade Hub https://research.hktdc.com/en/article/MjQzOTM2OTY1MQ - HKTDC Research website https://research.hktdc.com/en/ Photo download: https://bit.ly/4rD4M8f Media enquiries Please contact the HKTDC’s Communications and Public Affairs Department: Christy Lee Tel: (852) 2584 4369 Email: [email protected] About HKTDC The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
- SamsungSamsung, SK Telecom, and Hana Financial Group Build Korea’s First Private 5G Smart Office in the Financial SectorCompanies: Samsung ElectronicsHana Financial GroupSamsung Electronics today announced that the company serves as the sole vendor to deliver its private 5G network solutions, powering a smart office at Hana Financial Group’s new headquarters in Incheon, South Korea. As the first of its kind in the Korean financial sector, this new connected office elevates convenience in mobility and provides a […]
- Netmore GroupNetmore and Itron Complete Validation of LoRaWAN® Relay for Smart Water MeteringSTOCKHOLM, September 28, 2026--Netmore Group, the leading network operator and platform provider for Massive IoT, today announced validation of the LoRaWAN® Relay feature across a complete smart water metering stack. Conducted in collaboration with Itron and Abeeway, a Netmore Group company, the integration confirms end-to-end interoperability between Itron's Cyble® 5 RF module, the Abeeway LoRaWAN Relay, and Netmore's LoRaWAN network — establishing a fully tested, production-ready relay solutio
- PomeGran Inc.PomeGran Places #1 in Telecom Services for the Second Consecutive Year in The Globe and Mail's Annual Ranking of Canada's Top Growing CompaniesPomeGran ranks #82 nationally with 348% three-year revenue growth, marking its second consecutive year among Canada's Top Growing Companies. — PomeGran Inc. (PomeGran) today announced that it has been recognized as the #1 Telecom Services provider for the...
- White House National Cyber Director Hon. Sean Cairncross and NCTA President & CEO Cory Gardner Join SCTE TechExpo26 HeadlinersSean Cairncross and Cory Gardner join SCTE TechExpo26 for a Sept. 30 conversation on policy, cybersecurity and broadband networks.
- Verizon prepares network for Tropical Storm Nolo following Hurricane Lowell recoveryCompanies: VerizonAt a glance
- SamsungSamsung at the Forefront of Korea’s AI RAN Projects with KT and SK TelecomCompanies: Samsung ElectronicsSamsung Electronics today announced it has signed contracts with KT and SK Telecom for their AI RAN projects under the Korean Ministry of Science and ICT’s (MSIT) “Hyper AI Network” initiative, taking on the roles of sole global vendor for KT and main vendor for SK Telecom. Building on its decades-long partnerships with the country’s […]
- TROOPS (NASDAQ: TROO) allocates US$12 million for new unit focused on AI infrastructure in Southeast AsiaHONG KONG, Sept 23, 2026 - TROOPS, Inc. (Nasdaq: TROO) is committing US$12 million to start a new business unit focused on artificial intelligence infrastructure in Southeast Asia, a growing market that attracted more than US$55 billion of investment over the last year. The Hong Kong financial services and property group has sought a future partnership with Bfarms365 LLC, a Texas company in the USA, through which it will offer services that include GPU-as-a-Service, AI inference, edge computing, decentralized compute, cloud orchestration, and other AI developer services. The new unit is in the process of evaluating sites, partnerships, and assets across Hong Kong, Malaysia, and Indonesia. TROOPS expects to make its first allocation of US$6 million by the end of 2026. The creation of this new unit comes in response to unprecedented growth in Southeast Asia as an AI hub for Asia Pacific and beyond. Data center capacity in Malaysia’s Johor state doubled over the same twelve months, according to figures presented at the China-ASEAN Business Leaders Summit in September. Telecom operators have begun buying into the build directly. Singtel is expanding its Nxera platform across Southeast Asia, SK Telecom raised US$2.2 billion from KKR and an IMM-Stonebridge consortium for its new AI data center vehicle in August, and Reliance Jio is developing campuses of its own. “Southeast Asia has become the place where Asia’s compute is actually being built, and the capital going in is no longer only American,” said Damian Thurnheer, President and CEO of TROOPS, Inc. “Moving into this layer is a natural extension of our business, which has pioneered disruptive technologies including fintech.” The TROOPS business portfolio is anchored in property and small business cash flows in Hong Kong through two licensed money lenders, holding commercial property for rental income, and managing an insurance consultancy and an online financial technology marketplace to deliver credit and insurance products through application programming interfaces. Group revenue rose 70% to US$17.1 million in the year to December 31, 2025. The company also holds a 19.9% stake in HK Golden, Inc., operator of one of Hong Kong’s largest online forums. “This new venture provides strong unity with our existing business interests,” said Tommy Wing Ling Lui, CTO of TROOPS, Inc. “We already run machine learning inside underwriting and servicing, on infrastructure we rent. Owning capacity in the region changes what we can build, and it puts us on the right side of a market where operators, banks, and sovereign funds are all moving at once.” TROOPS will report progress as definitive terms are reached and will file with the Securities and Exchange Commission where required. About TROOPS, Inc. TROOPS, Inc. is a conglomerate group of various businesses headquartered in Hong Kong. The group is principally engaged in (a) money lending business in Hong Kong, providing mortgage loans to high-quality target borrowers; (b) property investment to generate additional rental income; and (c) the development, operation, and management of an online financial marketplace that provides one-stop financial technology solutions, including API services, by leveraging artificial intelligence, big data, blockchain, and cloud computing (SaaS). The group's vision is to operate as a conglomerate to build synergy within its own sustainable ecosystem, thereby creating value for its shareholders. For more information about TROOPS, please visit [www.troops.co](http://www.troops.co). Media Contact: Ellerton & Co. on behalf of TROOPS Inc. Michelle Bui [email protected] Safe Harbor and Informational Statement This announcement contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans, and strategies of the Company set forth herein and those preceded by or that include the words "believe," "expect," "anticipate," "future," "will," "intend," "plan," "estimate," or similar expressions, are "forward-looking statements." Forward-looking statements in this release include, without limitation, the effectiveness of the Company's multiple-brand, multiple-channel strategy and the transitioning of its product development and sales focus to a "light-asset" model. Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. These forward-looking statements can change as a result of many possible events or factors, not all of which are known to the Company, which may include, without limitation, our ability to have effective internal control over financial reporting; our success in designing and distributing products under brands licensed from others; management of sales trends and client mix; the possibility of securing loans and other financing without efficient fixed assets as collateral; changes in government policy in China; China's overall economic conditions and local market economic conditions; our ability to expand through strategic acquisitions and the establishment of new locations; compliance with government regulations; legislation or regulatory environments; geopolitical events; and other events and/or risks outlined in TROOPS's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F and other filings. All information provided in this press release and in the attachments is as of the date of issuance, and TROOPS does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
- TROOPS (NASDAQ: TROO) allocates US$12 million for new unit focused on AI infrastructure in Southeast AsiaHONG KONG, Sept 23, 2026 - TROOPS, Inc. (Nasdaq: TROO) is committing US$12 million to start a new business unit focused on artificial intelligence infrastructure in Southeast Asia, a growing market that attracted more than US$55 billion of investment over the last year. The Hong Kong financial services and property group has sought a future partnership with Bfarms365 LLC, a Texas company in the USA, through which it will offer services that include GPU-as-a-Service, AI inference, edge computing, decentralized compute, cloud orchestration, and other AI developer services. The new unit is in the process of evaluating sites, partnerships, and assets across Hong Kong, Malaysia, and Indonesia. TROOPS expects to make its first allocation of US$6 million by the end of 2026. The creation of this new unit comes in response to unprecedented growth in Southeast Asia as an AI hub for Asia Pacific and beyond. Data center capacity in Malaysia’s Johor state doubled over the same twelve months, according to figures presented at the China-ASEAN Business Leaders Summit in September. Telecom operators have begun buying into the build directly. Singtel is expanding its Nxera platform across Southeast Asia, SK Telecom raised US$2.2 billion from KKR and an IMM-Stonebridge consortium for its new AI data center vehicle in August, and Reliance Jio is developing campuses of its own. “Southeast Asia has become the place where Asia’s compute is actually being built, and the capital going in is no longer only American,” said Damian Thurnheer, President and CEO of TROOPS, Inc. “Moving into this layer is a natural extension of our business, which has pioneered disruptive technologies including fintech.” The TROOPS business portfolio is anchored in property and small business cash flows in Hong Kong through two licensed money lenders, holding commercial property for rental income, and managing an insurance consultancy and an online financial technology marketplace to deliver credit and insurance products through application programming interfaces. Group revenue rose 70% to US$17.1 million in the year to December 31, 2025. The company also holds a 19.9% stake in HK Golden, Inc., operator of one of Hong Kong’s largest online forums. “This new venture provides strong unity with our existing business interests,” said Tommy Wing Ling Lui, CTO of TROOPS, Inc. “We already run machine learning inside underwriting and servicing, on infrastructure we rent. Owning capacity in the region changes what we can build, and it puts us on the right side of a market where operators, banks, and sovereign funds are all moving at once.” TROOPS will report progress as definitive terms are reached and will file with the Securities and Exchange Commission where required. About TROOPS, Inc. TROOPS, Inc. is a conglomerate group of various businesses headquartered in Hong Kong. The group is principally engaged in (a) money lending business in Hong Kong, providing mortgage loans to high-quality target borrowers; (b) property investment to generate additional rental income; and (c) the development, operation, and management of an online financial marketplace that provides one-stop financial technology solutions, including API services, by leveraging artificial intelligence, big data, blockchain, and cloud computing (SaaS). The group's vision is to operate as a conglomerate to build synergy within its own sustainable ecosystem, thereby creating value for its shareholders. For more information about TROOPS, please visit [www.troops.co](http://www.troops.co). Media Contact: Ellerton & Co. on behalf of TROOPS Inc. Michelle Bui [email protected] Safe Harbor and Informational Statement This announcement contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans, and strategies of the Company set forth herein and those preceded by or that include the words "believe," "expect," "anticipate," "future," "will," "intend," "plan," "estimate," or similar expressions, are "forward-looking statements." Forward-looking statements in this release include, without limitation, the effectiveness of the Company's multiple-brand, multiple-channel strategy and the transitioning of its product development and sales focus to a "light-asset" model. Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. These forward-looking statements can change as a result of many possible events or factors, not all of which are known to the Company, which may include, without limitation, our ability to have effective internal control over financial reporting; our success in designing and distributing products under brands licensed from others; management of sales trends and client mix; the possibility of securing loans and other financing without efficient fixed assets as collateral; changes in government policy in China; China's overall economic conditions and local market economic conditions; our ability to expand through strategic acquisitions and the establishment of new locations; compliance with government regulations; legislation or regulatory environments; geopolitical events; and other events and/or risks outlined in TROOPS's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F and other filings. All information provided in this press release and in the attachments is as of the date of issuance, and TROOPS does not undertake any obligation to update any forward-looking statement, except as required under applicable law.