Society Pass (SoPa) files 1st form 10-Q; Building sales

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Singapore, December 13, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Society Pass Incorporated (Nasdaq: SOPA) (“SoPa” or the “Company”), a leading data-driven loyalty platform in Southeast Asia, today announced the filing of its first form Quarterly 10-Q with the Securities and Exchange Commission since the completion of its IPO on November 9, 2021. The filing covers the three-month period ended September 30, 2021, during which Society Pass launched Leflair, its Lifestyle e-commerce platform that markets and sells products across three verticals including Fashion & Accessories, Beauty & Personal Care, and Home & Lifestyle.

Dennis Nguyen, CEO of Society Pass, commented: “As you can see from our Leflair business unit’s revenue over the last three weeks of September, the recent launch of LeFlair in the Vietnamese market in early September was extremely well and sales momentum is building up every day. Supported by the completion of our IPO which raised gross proceeds of $ 28.125 million in early November, we believe Society Pass is well positioned to execute its strategic plans. These include increasing marketing spend for our platforms, rolling out our Society Points loyalty program, investing in additional infrastructure such as data centers, call centers and warehouses, and funding acquisitions of e-commerce companies in South East Asia (SEA) and South Asia. . ”

For the full financial results of Society Pass for the period ended September 30, 2021, see the company’s quarterly Form 10-Q filed with the Securities and Exchange Commission on December 9, 2021.

About the Company Pass

SoPa’s customer loyalty and analytics platform has integrated hundreds of thousands of registered consumers. SoPa provides merchants with SoPa.asia – an e-commerce platform for users, alongside #HOTTAB Biz – a convenient order management application for business partners on SoPa.asia, and #HOTTAB POS – a solution point-of-sale technology, a comprehensive payment system, loyal customer management, user profile analyzes, and convenient financial support packages for small and medium-sized businesses. All of the tools offered above will allow businesses to attract and retain customers through personalized interaction based on analytics with a high profit margin. SoPa also operates www.leflair.com, the leading lifestyle e-commerce platform in Vietnam.

For more information, please see: http://thesocietypass.com/

Forward-looking statements

The information contained in this document may contain “forward-looking statements”. Forward-looking statements reflect the current view of future events. When used in this press release, the words “anticipate”, “believe”, “estimate”, “expect”, “the future”, “intend”, “plan” or the negative of these terms and similar expressions, with respect to us or our management, identify forward-looking statements. These statements include, but are not limited to, statements contained in this press release regarding the views of the management of the Company with respect to its business strategy, future results of operations and prospects for liquidity and capital resources. . Forward-looking statements are based on the Company’s current expectations and assumptions regarding its business, economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The actual results of the Company may differ materially from those contemplated by forward-looking statements. They do not constitute statements of historical fact or guarantees of future performance. We therefore recommend that you do not rely on any of these forward-looking statements. Factors or events that could cause the actual results of the Company to differ may arise from time to time and it is not possible for the Company to predict all of them. The Company cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including United States securities laws, the Company does not intend to update any forward-looking statements to conform them to actual results.

Contacts:

SoPa:

Raynauld Liang, Chief Financial Officer

[email protected]

Investor Relations:

Chuck Harbey, Managing Director, Business Consulting

GPC Council

[email protected]

(917) 553-3953


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