HONG KONG, Oct 2, 2025 - (ACN Newswire via SeaPRwire.com) - Blockpass, the identity verification and compliance service for blockchain and beyond, is excited to announce the launch of its new and improved On-Chain KYC® 2.0. With the adoption of crypto growing rapidly, Blockpass has created a flexible, powerful solution for blockchain identity verification and attestation which doesn’t compromise on privacy or security.Blockpass, the Safe Network for Crypto™, has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network.With the addition now of On-Chain KYC® 2.0, businesses are empowered to create verified, reusable digital identities for users, both on the blockchain through on-chain attestations, or off the blockchain through zero-knowledge proofs. By working with existing attestation services on a range of blockchains such as Ethereum and Solana, users don’t have to worry about building or maintaining their own smart contracts, but instead gain access to single solution that focuses on interoperability, and simplifies the integration process for their dApp or platform with the existing ecosystem.Through this system, businesses are protected from having to handle or store the personal data of end-users. Instead, through Blockpass’ privacy-centric checks, they are able to rely on the verification result or ‘attestation’ that they issue, being accurate and true. With customisable elements that include identity document verification, accredited investor status, geographical residency, AML and sanctions checks, age requirements, and expiry dates, On-Chain KYC® 2.0 enables safe and seamless ongoing monitoring, and a reputation that only strengthens over time."At Blockpass we always aim to provide the most effective, efficient and up-to-date services to those that need them in this ever-evolving world of blockchain and crypto.” said Blockpass CEO Adam Vaziri. “Being able to reveal On-Chain KYC® 2.0 is a real achievement for us as we make complying with regulations the most flexible, effective, safe, secure and privacy-centric it’s ever been.”With the new capabilities that On-Chain KYC® 2.0 offers, Blockpass continues to help the world navigate the developing landscape of crypto regulations whilst adhering to the strictest privacy measures possible. As blockchain and crypto expand in scope and adoption, Blockpass will continue to put out new and updated services that keep people on all sides of the ecosystem safe.About BlockpassBlockpass offers a comprehensive, cost-effective suite of KYC, KYB, and AML compliance solutions for Web3. Built by compliance and crypto experts, our tools lower onboarding costs, automate processes, and protect against fraud. Our core products include our groundbreaking On-Chain KYC® 2.0 for verified, reusable digital identities via on-chain attestations and zero-knowledge proofs, the Advanced KYC Bot™ for automated onboarding, Unhosted Wallet KYC™ for wallet ownership certification, and Travel Rule Hub for fulfilling crypto transfer regulation.We also provide specialized solutions like Launchpad KYC for crypto platforms servicing multiple token offerings, SAFT KYC for private token sales, and Node Sale KYC to verify node participants and prevent fraud. Our Outsourcing services offer expert personnel for compliance management. With a network of more than a million pre-verified crypto investors and more than three thousand crypto VCs, businesses can achieve instant onboarding and accelerate growth. Blockpass is a trusted partner for industry leaders like Animoca Brands, Cardano, and Polygon, helping to build the Safe Network for Crypto™.Learn more and engage the Blockpass team:Website: http://www.blockpass.orgBook a Call: https://www.blockpass.org/book-your-call/Email: sales@blockpass.org Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

RIYADH, KSA, Oct 2, 2025 - (ACN Newswire via SeaPRwire.com) - The Board of Directors of the Saudi Electricity Company (SEC) has announced the appointment of Eng. Khalid bin Salem AlGhamdi as the company's Chief Executive Officer, effective October 1st 2025. The decision reflects the Board's confidence in the capabilities of Saudi talent and their vital role in advancing the Kingdom's electricity sector, a key enabler of the country's ongoing economic and social transformation.Eng. Khalid bin Salem AlGhamdiSaudi Electricity Company Appoints Eng. Khalid bin Salem AlGhamdi as Chief Executive OfficerCommenting on his appointment, Eng. AlGhamdi expressed his deep pride in this trust, extending his sincere gratitude to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister - may God protect them - for their unwavering support of SEC, which has enabled the company to achieve major milestones and strengthen its role in driving national development. He also acknowledged the guidance and close follow-up of His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz، Minister of Energy, whose leadership continues to serve as a cornerstone of SEC's success.Eng. AlGhamdi also thanked the company's Board of Directors for their trust and support, affirming that this confidence will be a driving force to continue working to fulfil the expectations of customers and shareholders. He added: "Together with my colleagues at SEC, I look forward to a new chapter of collective effort building on the company's past achievements across all fronts. With the grace of God, we will continue to meet the expectations of more than 11 million customers across the Kingdom by providing reliable and high-quality electricity services. Our focus will be on further enhancing grid reliability, and increasing the company's contribution to the ambitious objectives of Saudi Vision 2030 - reinforcing SEC's position as a leading national utility and a key player in the global energy landscape."Eng. AlGhamdi is regarded as one of the Kingdom's distinguished national leaders. He has held several senior positions at SEC, including Executive Vice President for Technical Services, Acting Vice President of Risk and Compliance, Chief Engineer between 2022 and 2023, and Senior Vice President of Digital and Technology, where he oversaw the implementation of major strategies and programs across the company.1Contact InformationSaudi Electricity CompanyAl-Arid, Riyadhalkahrabacare@se.com.sa920001100SOURCE: Saudi Electricity Company Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

Vancouver, British Columbia--(ACN Newswire via SeaPRwire.com - October 1, 2025) - Gold-copper explorer and hybrid project generator Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (Kincora or the Company) is pleased to announce that it has appointed Brent Cook and Laurie Thomas as Strategic Advisors.The newly formed Advisory Board will augment the Company's exploration, asset level partner and corporate strategies, and follows the recently oversubscribed non-brokered private placement cornerstoned by leading North American natural resource sector investors including Rick Rule and Jeff Phillips.The Company expects significant growth in its exploration activities and further asset level partnerships and is working now to secure highly credentialed personal to assist with this.Kincora also notes the exercise of 78,000 stock options relating to the September 2023 financing and 67,000 warrants relating to the July 2025 financing (Derivative Exercise).Sam Spring, President and CEO, and Cameron McRae, Chairman of Kincora commented,"Kincora is delighted to have attracted such a high calibre Advisory Board to expand and strengthen our team. The additions of Brent and Laurie assists accelerate and increase recognition of our multi element and asset portfolio strategy to create shareholder value.Brent is a globally recognised economic geologist and industry veteran with extensive capital markets and technical experience, including having worked on porphyry copper and epithermal gold systems related to the Circum-Pacific, Western North America, the Caribbean Arc, the Tethyan/Carpathian Magmatic Belt, and the Lachlan Fold Belt. Brent further strengthens our industry leading technical team.Laurie's strategic and commercial experience, coupled with extensive relationships in the North American capital markets, will similarly add to Kincora's corporate engagement and strategy.We are also pleased to note the exercise of investor options and warrants providing further treasury to the Company." About Brent Cook: Mr. Cook is a renowned exploration analyst and economic geologist with over 40 years of experience in mineral exploration, mining and related financial sectors.Brent has been and remains a highly respected consultant to various funds, major mining companies and junior explorers. Mr. Cook founded the widely respected and followed Exploration Insights newsletter and remains a Senior Advisor.Brent received a BSc in Geology from Utah State University in 1978, has worked in over 60 countries and in virtually all geological environments.During his independent consulting service, Brent has provided advice and analysis to several funds and companies, including Global Resource Investments, Ltd; Rick Rule; AMEC (MRDI); Mount Isa Mines; Kennecott Mining; Rio Tinto Mining; Barrick Gold (Homestake); Meridian Gold Corp/Yamana; Freeport McMoran (Cyprus-Amax); and Newmont Mining (Santa Fe). From 1997 to 2002, Brent was senior mining analyst for Rick Rule at Global Resource Investments (now Sprott- Global) and General Partner Expo 1999, 2000 Funds.About Laurie Thomas: Ms. Thomas is an experienced executive, director and consultant in the natural resource and accounting sectors.Laurie has extensive relationships in the North American capital markets with strategic and commercial leadership roles spanning audit and consulting, risk management, First Nation advisory, mining finance and corporate communication.Ms. Thomas holds a Bachelor of Commerce degree with a major in accounting from the University of Saskatchewan. She obtained a Certified Management Accountant (CMA) designation in 2008, is one of the first graduates of the CIRI/Ivey Business School Investor Relations Certification Program (CPIR) and received her fellowship in 2022 from the Canadian Institute of Investor Relations. Ms. Thomas has served on several boards as a director and chair of the Audit Committee, such as CMA Saskatchewan before merging as is now CPA Saskatchewan (six years on the Board), Meadow Lake Tribal Council Industrial Investments Board (MLTCII) as a director and chair of Audit Committee, and most recently F3 Uranium Corporation as a director and chair of Audit Committee.About the Derivative Exercise: Alongside Kincora's September 2023 financing, 2,780,000 two-year options with a A$0.75 strike price were issued (all prices and security numbers in this release are presented post the ten (10) for one (1) consolidation of securities completed in September 2025). Of these options, 78,000 have been exercised with the balance lapsed.Alongside Kincora's July 2025 unit financing, 13,333,333 three-year warrants with a C$0.50 strike price were issued. All warrants underlying the units are subject to a four (4) month plus one day hold period and shares underlying the units subject to a one (1) year hold period. Of these warrants, 67,000 have been exercised.About Kincora: Kincora Copper Limited (ASX: KCC) (TSXV: KCC) is an emerging Australia-focused gold-copper explorer with a hybrid project generator strategy.The Company is successfully proving up the prospectivity of its extensive project portfolio, which includes multiple district-scale landholdings and scalable drill ready targets. These assets are located in Australia's Lachlan Fold Belt and Mongolia's Southern Gobi, two of the globe's leading porphyry belts, and the historical Condobolin mining field within the Cobar superbasin in NSW.The Company has already unlocked over $100 million of potential partner funding for multiple earlier stage and/or non-core porphyry projects. These initial deals have supported over 13,500 metres of drilling and over A$6.5m of partner funded exploration since late 2024, with management fees and exploration ramping up.Partner discussions are ongoing for its remaining 100% owned flagship projects that are all situated within existing porphyry camps containing over 20-million-ounce gold equivalent resource inventory.By having a significant portfolio of partner funded large porphyry projects, and a very focused program on a 100% owned Condobolin project, the Company is seeking to position Kincora as a leading institutional grade explorer in the public Australian and Canadian markets, and the leading project generator on the ASX.To find out more please refer to our 2-page July 2025 corporate strategy: https://kincoracopper.com/corporate-strategy/ The Company's website is: www.kincoracopper.comThis announcement has been authorised for release by the Board of Kincora Copper Limited (ARBN 645 457 763)For further information please contact: Sam Spring, President and Chief Executive Officersam.spring@kincoracopper.com or +61431 329 345Laurie Thomas, Strategic Advisorlaurie.thomas@kincoracopper.com or +1306 341 3826Executive office400 - 837 West Hastings Street Vancouver, BC V6C 3N6, Canada Tel: 1.604.283.1722 Subsidiary office AustraliaC/- JM Corporate ServicesLevel 6, 350 Collins Street Melbourne, VIC, Australia 3000Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268686 Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

Highlights: This news release presents results from recent drilling in the southeast section of the Hat Project's Lisle Zone. Drill holes H093, H094, H095, and H096 have significantly expanded the apparent volume of the mineralized zone, extending beyond the conceptual pit wall outlined in the 2024 Preliminary Mineral Resource Estimate. These results will be incorporated into the Preliminary Economic Assessment, which is nearing completion.A few of the outstanding intercepts:DH H093: 640.7m (2102.1 feet) from depth 16.3m to 657.0m with 0.34% CuEq including 133m with 1.03% CuEq (0.65% Cu and 0.4g/t Au)DH H094: 510.0m (1673.3 feet) from 30m to 540.0m with 0.22% CuEq (0.11% Cu and 0.10g/t Au)DH H095: 110m from 430.0 to 540.0 with 0.91% CuEq (0.50% Cu and 0.12g/t Au)DH H096: 681.4m (2235.7 feet) from depth 38.6 m to 720.0m with 0.37% CuEq, including 71.0m with 1.01% CuEq (0.54% Cu and 0.51g/t Au)The apparent footprint is increased by approximately 400m X 330m.Additional assay data are forthcoming. Drilling is continuing.Vancouver, British Columbia--(ACN Newswire via SeaPRwire.com - October 1, 2025) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) is pleased to announce assay results from recent drill holes H093, H094, H095 and H096 from its Hat Project strategic and critical metals property in NW British Columbia. Assay highlights from drill holes H090, H091 and H092 were included in a recent news release, dated September 11, 2025, that presented highly significant intercepts.Summarized composite assays from drill holes H093, H094, H095 and H096 are presented. Scandium values are not included in estimates presented in this and earlier news releases. Doubleview believes that scandium, a critical metal with many applications in electronic and as any alloy, has the potential to add significant value to the Hat deposit.Table 1: Summary of Significant % CuEq Drill Core InterceptsDDH From (m)To (m)Length (m)CuEq (%) Excl. Sc2O3Ag (g/t)Au (g/t)Co (g/t)Cu (%)Sc (g/t)H093 16.3657.0640.70.340.310.15590.1925.9H093Including16.3645.0628.70.350.310.15590.2025.7H093Including30.069.039.00.520.630.391000.1424.6H093Including45.060.015.01.031.180.791960.2622.6H093Including501.0634.0133.01.030.830.40630.6528.7H093Including537.0634.097.01.351.120.52750.8630.9H093Including564.0627.063.01.881.580.72901.2029.1H093Including604.0625.021.04.784.191.761873.1421.5H093Including614.0623.09.09.889.013.463586.6612.6H094 30.0540.0510.00.220.150.10590.1125.9H094Including42.0164.0122.00.260.240.17660.0926.5H094And138.4246.0107.60.300.170.16870.1227.8H094Including234.0246.012.00.910.390.401830.5031.2H094And430.0540.0110.00.310.160.12550.1923.3H095 9.0224.0215.00.190.180.11630.0722.6H095Including102.0303.0201.00.170.140.10760.0624.2H096 38.6720.0681.40.370.220.18630.1928.0H096Including102.0720.0618.00.400.230.20640.2028.4H096Including349.0738.0389.00.500.30.23570.2829.3H096Including484.0720.0236.00.670.40.32560.3829.9H096Including556.0679.0123.00.830.490.40490.4627.6H096Including612.0683.071.01.010.610.51510.5427.4H096Including641.0679.038.01.440.850.76570.7525.3 Notes: 1 - Copper Equivalent (CuEq) currently does not include Scandium2 - The intervals presented in this table are not true widths. The true width of mineralized sections has not been determined.3 - Metal equivalents should not be relied upon for future evaluations. Drill hole intercepts included in this news release are core lengths that may or may not represent true widths of mineralization. It is not possible to determine true widths.4 - Parameters used to calculate Copper Equivalent: Au price (US$/oz): 2365.09; Ag price (US$/oz): 27.43; Cu price (US$/lb): 4.17; Co price (US$/lb): 14.76. Au recovery: 89.0%; Ag recovery: 68.0%; Cu recovery: 84.0%; Co recovery: 78.0%. * Copper Equivalent Calculation CuEq in % = ([Ag grade in ppm] *27.43*0.68/31.1035 + [Au grade in ppm] *2365.09*.89/31.1035 + 0.0001* [Co grade in ppm] *14.76*0.78*22.0462 + 0.0001* [Cu grade in ppm] *4.17*0.84*22.0462)/(4.17*22.0462*0.84).Details of the algorithm used to estimate %CuEq are presented in the notes above. The metal values used in our current algorithm are average trailing three years commodity prices, and do not reflect recent dramatic increases in prices of mineral commodities. Scandium, a potentially recoverable high value strategic alloy metal (customarily quoted as Sc2O3 ) that is present in small but possibly highly important amounts in Hat mineralization, is not assigned any value pending metallurgical investigations and recoverable results.Core samples are delivered securely to a fully accredited commercial laboratory and processed by industry-standard methods. Assays are received at irregular intervals, verified by reference to notes provided by our field crew, added to our database, and disseminated publicly by News Release.Drill holes H093, H094, H095 and H096, as shown in Figure 1, are located in proximity to hole H092 and further explore the area of high metal values (i.e. H092: 411.5m with 0.62% CuEq) in an easterly extension of the main Lisle Zone. The combination of drill hole data from H090 to H096 added an approximate domain of 330 m x 400 m to the Lisle deposit that has not been delimited in any direction. Numerous intervals from those holes are included in Table 1 of this News Release.Figure 1: Drill Plan with the Induced Polarization Plan and 2024 Conceptual Pit OutlineTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8003/268680_9bde46e9f41ae882_001full.jpgFigure 2: Section on H093 and H096 and 2024 Conceptual Pit OutlineTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8003/268680_9bde46e9f41ae882_002full.jpgA composite of Hole H093 assays from16.3m to 693m comprises 676.7m (2220 feet) with 0.33% CuEq. Within that long mineralized section there are several higher-grade intervals, including 63.0m (206.7 ft) with 1.88 %CuEq and 21.0m (68.9 ft) with 4.78 %CuEq and 9.0m (29.5 ft) with 9.88% CuEq.A composite of drill hole H094 assays included 107.6m (353 ft) with 0.30% CuEq, in an almost throughout mineralized hole from 30 m (98 ft) to 540 m (1772 ft ) with 0.22% CuEq.Drill hole H095 is believed to have followed in an unmineralized fault that does not represent the limit of mineralization; the drill hole did not leave the fault.Mr. Farshad Shirvani, President and CEO, comments that: We believe that the previously disclosed assays, combined with assays presented in this News Release and, speculatively, additional data from core samples that are being processed in the laboratory, will further reinforce our conceptual mineral deposit model, promote resources from Indicated and Inferred categories to higher confidence levels, including Measured, and require re-design of the current open pit layout. The new drill holes will be added in a revised MRE (Maiden Resource Estimate 2025) and the PEA (Preliminary Economic Assessment) that is on-going. Drill holes H093, H094 and H095 have contributed greatly to achieving new dimensions in the eastern part of the Hat deposit. This exciting new area necessitates a vigorous follow up that is currently on our agenda. Both the "footprint" and value of our project have been greatly increased, not only by the expansion but also by the recent dramatic increase in metal, mineral and commodity prices."Initial scoping of the implications of this new assay information allowed our field crew to revise and re-direct our efforts to concentrate on better defining the deposit. We hope to release further drill hole assay data soon."Table 2 summarizes coordinates of the recent drill holes.Table 2. Details of Location and direction of drill holes:DDH IDUTM-East (m)UTM-North (m)Elevation (m)Azimuth (°)Dip (°)Max-Depth (m)YearH0933479636453927966-72.191276932025H0943479636453927966-74.89775972025H0953479636453927966-57.331377622025H0963479636453927966-65.00132922.52025 Quality Assurance and Quality Control:Hat Project drill cores are processed at Doubleview's field camp where they are photographed, measured and logged by our technical staff and then divided using a diamond bladed saw. One half is placed in a stout bag to form the assay sample that is forwarded securely to the independent analytical lab. The remaining half core is stored on site where it is available for further examination and sampling. The assay cores are subject to a Chain of Custody routine as they are shipped from camp to a bonded carrier for delivery to the lab.All core samples are prepared and analyzed at AGAT Laboratories in Calgary, an independent ISO 17025 and ISO 9001 certified facility. Samples are dried, crushed to 70% passing 2 mm, split to obtain a 250 g representative portion, and pulverized to 85% passing 75 µm. Gold, platinum, and palladium are assayed by 30-50 g fire assay with ICP-OES finish. Multi-element analyses (up to 48 elements) are performed by four-acid digestion with ICP-OES/MS, with ore-grade assays applied where required. Selected samples are further analyzed for whole-rock oxides using lithium borate fusion with ICP-OES, and Loss on Ignition is determined separately. Routine quality assurance protocols include insertion of blanks, duplicates, and certified reference materials, ensuring accuracy and reliability of results.Doubleview maintains a website at www.doubleview.ca.Qualified Persons:Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.About Doubleview Gold CorpDoubleview Gold Corp. is mineral resource exploration and development company headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (WKN: LA1W038), and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals utilizing cutting-edge exploration techniques.Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company's strategic initiatives. Doubleview looks forward to further collaborative growth and development and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.About the Hat Polymetallic DepositThe Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region's significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company's July 25, 2024, news release, is summarized below:   Average GradeMetal ContentOpen Pit Model HatResource CategoryTonnageCuEqCuCoAuAgCuEqCuCoAuAgMt%%%g/tg/tmillion lbmillion lbmillion lbthousand ozthousand ozIn PitIndicated1500.4080.2210.0080.190.421,353733289292,045Inferred4770.3440.1850.0090.150.493,6191,945912,3287,575 Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.For further details of the MRE, please refer to the Company's July 25, 2024 news release.On behalf of the Board of Directors,Farshad Shirvani, President & Chief Executive OfficerFor further information please contact:Doubleview Gold CorpVancouver, BC Farshad ShirvaniPresident & CEOT: (604) 678-9587E: corporate@doubleview.caNEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268680 Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

Increasing the number of branches, developing new financial products, expediting its loan portfolio expansion: Turbo's aim is to become a leading retail financial services provider.BANGKOK, Oct 1, 2025 - (ACN Newswire via SeaPRwire.com) - Ngernturbo PCL (TURBO), a retail financial service provider, is set to drive its growth following the Company’s first day of trading on the Stock Exchange of Thailand (SET: TURBO). TURBO highlights the exponential growth in its loan portfolio, surmounting all economic hurdles for profitability exceeding the industry average. The Company is also determined to expand its branch network to at least 1,457 locations by 2029, in parallel with the development of new financial products and services. This plan is expected to further enhance the Company’s overall loan portfolio and contribute to continued growth. The objective for TURBO is to become a leading national retail financial service provider.Mr. Sutach Ruangsuttipap, CEO of TURBO, remarked, "While the Company's shares began trading on the Stock Exchange of Thailand (SET) on Sept 30, in the FIN (Financial & Securities) Sector, and the FINCIAL (Financial) industry group under the symbol 'TURBO', the listing follows a successful IPO (initial public offering) of 537 million shares at 1.50 baht per share, which attracted overwhelming interest from both institutional and retail investors. This success reflects confidence in TURBO's business operations and growth potential, which will make us one of the most sought-after stocks upon listing."Following the SET listing, TURBO aims to build on its success, becoming a leading national retail financial service provider, and achieving strong growth through several key strategies. 1. Building the brand as the No.1 choice for customers, with the emphasis on speed, convenience, and quality of service to ensure a high level of customer satisfaction and word-of-mouth referrals. 2. Developing the Company’s IT systems. TURBO maintains a strategy of building on its in-house technology team which can quickly develop specific IT systems most suitable for the organization. The Company prioritizes the adoption of artificial intelligence (AI) technologies to enhance efficiency in every work process. 3. Enhancing customer convenience by expanding branch coverage nationwide, with the aim of establishing no less than 1,475 branches by the year 2029. The plan is to develop better access to comprehensive financial products to ensure more extensive coverage. 4. Developing a diverse range of products to meet the differentiated needs of customers, such as increasing the types of loan collateral, expanding insurance product lines, and increasing the number of insurance partners, etc.“I am confident that after our listing on the SET, TURBO will achieve stronger growth and generate more sustainable returns for shareholders, driven by customer-centric financial services, customer satisfaction, word-of-mouth referrals, together with the use of specially developed IT systems. All these processes will help to ensure that TURBO will be able to quickly adapt to any situation and maintain low operating costs in the long term,” Mr. Sutach added.In 2023 and 2024 fiscal years, the Group's total revenues were 2,430.7 million baht and 3,033.2 million baht. That translated into a 24.8% increase, with net profits of 131.7 million baht and 141.6 million baht, a 7.5% annual increase.For the first six months (January - June) of 2025, combined revenue reached 1,517.6 million baht, a 3.7% increase, and net profit was 235.9 million baht, or a 285.8% increase compared to the previous year. As of June 30, 2025, the net interest margin was 19.8%, higher than the industry average(1) of 15.1%. Moreover, the net income after deducting expected credit losses to net loan receivables averaged 21.8%, higher than the industry average of 18.0%.Mr. Paiboon Nalinthrangkurn, CEO of TISCO Securities Co Ltd, the lead-underwriter, and representative of TISCO Bank PCL, stated that TURBO has high growth potential, driven by the non-financial institutional retail loan market scenario, which has grown significantly from 220 billion baht in 2018 to 630 billion baht in Q1 2025. This is equivalent to an compound annual growth rate (CAGR) of 18.6%, higher than the commercial bank personal loan market which grew from 170 billion baht to 220 billion baht during the same period, or a CAGR of 4.5%. This reflects the continued growth in demand for retail loans from middle- to low-income customers who have limited or no access to commercial financial services, and make up a large segment of the population.Positive factors across the industry are also driving TURBO’s growth in interest from loans, its core business, to annual returns of 40.8% from 2022 to 2024, while the Group’s revenue from insurance brokerage and life insurance brokerage grew 54.3% annually from 2020 to 2024. The Company’s strong foundation and solid long-erm growth potential will enable TURBO to become a quality stocks in the Thai capital market.Mr. Pongsak Phrukpaisal, Managing Director of Kasikorn Securities PCL, the lead-underwriter, said he was confident that TURBO would be a growth stock that generates returns for investors. This is attributable to the Company’s quick and convenient services, customer empathy, and the team comprised of new generation of professionals with expertise in finance and digital technology. The Company utilizes technology to drive the organization in every process for efficient operations, resulting in impressive results and a high 20.7% word-of-mouth referral rate among customers. This led to exponential growth in the loan portfolio of 31.5% per year between 2020 and Q2 2025. Furthermore, the Company has the opportunity to expand its loan portfolio significantly despite being a relatively new operator with an average branch age of only 4.1 years.(1) A group of 5 SET-listed industry operators.Press release by MT Multimedia Co Ltd for Ngernturbo PCL.For more information: Pipop 'Top', MT MultimediaT: +66 81 929 8864, E: pipop.k@mtmultimedia.comNgernturbo PCL (SET: TURBO, SET-R:TURBO, SET/F:TURBO), https://www.turbo.co.th. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com