AGBA Solidifies Market Leadership with Expansion Plans and Focus on Tech/Fintech Innovation

LOS ANGELES, May 15, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “Company” or the “Group”), the leading one-stop financial supermarket in Hong Kong released its financial results for the first quarter of 2024.  

AGBA is thrilled to unveil its expansion plans, including the planned acquisition of Triller in the U.S. and the completion of the acquisition of Sony Life in Singapore. The Company is in the acquisition process with Triller and eagerly anticipates a successful completion. Upon completion, AGBA's headquarters will be relocated to Los Angeles.

The combined company will strategically focus on four key verticals: pioneering an industry-leading, global AI-driven social video platform; generating captivating influencer, artist, and sports content for a diverse global audience; establishing a technology-driven wealth management and financial services ecosystem; and making progressive investments in the dynamic fintech sector.

AGBA is actively pivoting its business to become a world-class tech/fintech-centric holding company, positioning itself to drive innovation and excellence in the industry. This sustained commitment to delivering results has solidified AGBA's market leadership, reaffirming its reputation as the go-to financial supermarket.

Mr. Wing-Fai Ng, Group President of AGBA Group Holding Limited stated, “AGBA's expansion plans signify an exciting milestone in our journey towards becoming a global leader in the tech and fintech space. With the introduction of Triller and Sony Life into the Group, we are strategically positioning ourselves to drive innovation and deliver unparalleled experiences to a diverse global audience.”

He added, “We are also fully committed to attracting top talent to propel AGBA to new heights. By assembling a team of exceptional individuals, we will drive our business forward with unrivaled momentum, harnessing the power of our collective expertise to unlock even greater success.”

To view a detailed analysis of our Q1 2024 financial results and future outlook, please visit www.agba.com/ir. For more details, please refer to the company’s report on Form 10-K filed with the Securities and Exchange Commission on March 28, 2024.

# # #

About AGBA Group:
Established in 1993, AGBA Group Holding Limited (NASDAQ: “AGBA”) is a leading one-stop financial supermarket based in Hong Kong offering the broadest set of financial services and healthcare products in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. Trusted by over 400,000 individual and corporate customers, the Group is organized into four market-leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business.