HWH International Inc. Provides Updates on Hapi Cafe Business
December 19 2024 - 8:30AM
HWH International Inc. (“HWH” or the “Company”) (Nasdaq: HWH) is
pleased to share an update on the progress of our Hapi Cafe
business. Currently, the Company operates one Hapi Cafe outlet in
Singapore and two in South Korea. The Hapi Cafe brand is growing
its presence across Asia, with outlets owned by the Company and its
affiliates in Singapore, Taiwan (Republic of China), the People's
Republic of China, and South Korea, and is now launching its Hapi
Cafe X initiative.
HAPI CAFE embodies the
essence of HWH International's (HWH) 4-in-1 philosophy, aiming to
enrich lives across three fundamental aspects: HEALTH,
WEALTH, and HAPPINESS.
The core of the Hapi Cafe mission is to promote
health through offering a variety of nutritious meals, including
specialized Keto diet meal plans. Our vision has now been fully
developed and rolled out in the Hapi Cafe flagship stores in Korea,
Taiwan and Singapore. We continue to get positive feedback from our
regular customers and members while continuously strengthening our
model to fulfil the vision of HWH.
The Hapi Cafe in China that is situated in
Dongguan’s Central Business District, 38/F Global Economic and
Trading Building fully represents our model. We offer a co-working
environment and hold regular events with various companies. More
importantly, this serves as the venue for HWH to organize and share
workshops and seminars for our Hapi Wealth Education program.
Through Hapi Cafe Dongguan, we successfully kicked off a soft
launch of our Wealth Builder Program in November. Our plan is to
continue to roll out Hapi Wealth Builder workshops in Hapi Cafes
throughout Asia.
By leveraging the unique Hapi Cafe business
experience in different countries, we are now revamping the
existing Hapi Cafe in Taiwan and Korea, to offer the full “HWH
Experience” for our members.
In response to the highly competitive coffee
shop business in China, we have created a unique operating model to
offer Hapi Cafe Xpress (Hapi Cafe X) with business owners of
fitness centers, co-work spaces and showrooms (such as automobile
showrooms), allowing more customers to experience our philosophy,
while keeping operating investments to a minimum. We will be
rolling out Hapi Cafe X in China and other Asian countries in the
first half of 2025.
“We have been very selective in establishing a
presence for Hapi Cafe in Asia as it is a unique model, combing
Hapi Wealth Building, our Hapi Marketplace and Hapi Travel all
together into one as an HWH experience with our Hapi Cafe
Membership. We believe 2025 is the year to excel following our
experiences with the highly-competitive coffee shop business. Hapi
Cafe X is an accelerator of our brand exposure which will help the
growth of membership with limited investment, which is critical to
our success in the current economic environment,” said Mr. Heng Fai
Chan, Executive Chairman of HWH. “At HWH, promoting health, wealth,
and happiness remains at the heart of our mission.”
About HWH International
Inc.
HWH International Inc. is a purpose-driven
lifestyle company encompassing differentiated offerings from four
core pillars: Hapi Marketplace, Hapi Cafe, Hapi Travel and Hapi
Wealth Builder. HWH develops new pathways to help people in their
pursuit of Health, Wealth and Happiness.
For more information,
visit: https://www.hwhintl.com/
Forward Looking Statements
This press release contains, and certain oral
statements made by representatives of HWH and its affiliates, from
time to time may contain, “forward-looking statements” within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. HWH’s actual results may differ from
expectations, estimates and projections and consequently, you
should not rely on these forward-looking statements as predictions
of future events. Words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “could,” “should,” “believes,” “predicts,” “potential,”
“might” and “continues,” and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements include, without limitation, statements regarding HWH’s
continued growth and expansion and its ability to deliver value to
customers and investors, along with those other risks described
under the heading “Risk Factors” in the registration statement on
Form S-1, filed by HWH with the Securities and Exchange Commission
(the “SEC”) on December 3, 2024, and those that are included in any
of HWH’s future filings with the SEC. These forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from expected results.
Most of these factors are outside of the control of HWH and are
difficult to predict. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those indicated
or anticipated by such forward-looking statements. Readers are
cautioned not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. HWH undertakes no
obligation to update forward-looking statements to reflect events
or circumstances after the date they were made except as required
by law or applicable regulation.
No Offer or Solicitation
This press release does not constitute an offer
to sell or the solicitation of an offer to buy any securities, or a
solicitation of any vote or approval, nor shall there be any sale
of securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. No offer of
securities shall be deemed to be made except by means of a
prospectus meeting the requirements of the Securities Act of 1933,
as amended.
For investor and media inquiries, please
contact:
HWH International Inc. 4800 Montgomery Lane,
Suite 210 Bethesda, MD 20814 301-971-3955 contact@hwhintl.com
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