Long-Term Commitment to Sustainable Development and Continued Build-Out of AMTD IDEA and AMTD Digital
October 23 2023 - 8:37AM
Business Wire
AMTD IDEA Group (NYSE: AMTD; SGX: HKB) (“AMTD IDEA”), and AMTD
Digital Inc. (NYSE: HKD) (“AMTD Digital”), announced today that
both of organizations have received undertakings from the relevant
parties that AMTD Group (the “Group”), and the executive officers
of AMTD IDEA and AMTD Digital will not sell any equity securities
they own in AMTD IDEA and AMTD Digital in the open market for three
years effective immediately, or until October 23, 2026.
In particular, Dr. Calvin Choi (together with his holding
company Infinity Power Investments Limited), has confirmed that he
will not sell any of his holdings in the open market for five years
effective immediately, i.e. October 23, 2028.
Dr. Feridun Hamdullahpur, Chairman of AMTD IDEA, and Chairman of
Executive Management Committee of the Group, mentioned, “The Group,
including its listed subsidiaries AMTD IDEA and AMTD Digital, is on
the path of our multi-businesses build-out and entrepreneurship
journey under the Group’s ‘IDEA’ strategy in strong and resilient
ways amidst the world’s overall economic challenges and
geopolitical uncertainties. The Group has well developed into a
conglomerate to include a comprehensive financial services
platform, a digital media, culture and entertainment platform, a
hospitality and premium services platform, and a focus into talent
cultivation and premium education platform. The boards of directors
of the Group and both of the listed companies, together with Dr.
Calvin Choi and all executive officers of the two listed companies
have full confidence in the Group’s core values and we are all
committed to contributing and supporting the long-term
sustainability of the Group, including the continued growth and
global expansion of the two listed companies without
hesitation.”
Dr. Timothy Tong, Chairman of AMTD Digital, and CEO of AMTD
Charity Foundation, stated, “The declaration of a long-term core
holding of equity securities in AMTD IDEA and AMTD Digital by the
relevant parties, particularly including Dr. Calvin Choi and all
executive officers, represents a loud and clear message about our
confidence in the overall strengths and the long-term values of the
Group and its subsidiaries. We will stay committed and focused on
delivering long-term values to our shareholders.”
About AMTD IDEA Group
AMTD IDEA Group, formerly known as AMTD International Inc.
(NYSE: AMTD; SGX: HKB) represents a diversified institution and
digital solutions group connecting companies and investors with
global capital markets. Its comprehensive one-stop business
services plus digital solutions platform addresses different
clients’ diverse and inter-connected business needs and digital
requirements across all phases of their life cycles as well as
hospitality and VIP services. Through our unique eco-system — the
"AMTD SpiderNet" — AMTD IDEA Group is uniquely positioned as an
active superconnector between clients, business partners, investee
companies, and investors, connecting the East and the West. For
more information, please visit www.amtdinc.com or follow us on
Twitter at @AMTDGroup.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital
solutions platform headquartered in France. Its one-stop digital
solutions platform operates four main business lines including
digital solutions services, digital media, content and marketing
services, digital investments as well as hospitality and VIP
services. It is the fusion reactor at the core of the AMTD
SpiderNet ecosystem and empowers and integrates the various digital
businesses within its ecosystem. For AMTD Digital’s announcements,
please visit https://ir.amtdigital.net/investor-news.
Safe Harbor Statement
This press release contains statements that may constitute
“forward-looking” statements pursuant to the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward- looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Statements that are not historical facts,
including statements about the beliefs, plans, and expectations of
AMTD IDEA Group and AMTD Digital Inc., are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. Further information regarding these and other risks
is included in the filings of AMTD IDEA Group and AMTD Digital Inc.
with the SEC. All information provided in this press release is as
of the date of this press release, and AMTD IDEA Group and AMTD
Digital Inc. do not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231023333946/en/
For AMTD IDEA Group: IR Office AMTD IDEA Group EMAIL:
ir@amtdinc.com For AMTD Digital Inc.: IR Office AMTD Digital Inc.
EMAIL: ir@amtdigital.com
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