Society management

Society Pass appoints leadership team for Nusatrip; Unveils New Nusatrip Logo, Website/App Features, Customer-Centric Digital Ecosystem Plans and Society Pass Loyalty Platform for Indonesia and Southeast Asia East

Incorporated Company Pass

Incorporated Company Pass

Incorporated Company Pass

Incorporated Company Pass

Jakarta, Indonesia, Nov. 09, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Incorporated Company Pass (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s Leading Data-Driven E-Commerce and Fintech Ecosystem (“SEA”), Today Introduces Nusatrip’s New CEO and Announces Strategic Plans to move forward, expanding Nusatrip’s business coverage through SEA. The recent acquisition of Nusatrip International Pte Ltd (“Nusatrip”), an Indonesian pioneer in the online travel agent (“OTA”) industry, is expanding Society Pass’ reach into the booming SEA regional travel industry with a strong commitment to developing a platform dynamic online travel platform for merchants and consumers in SEA.

Society Pass executives announce the appointment of new Nusatrip CEO, Johanes (Joe) Chang, welcoming Nusatrip to Society Pass’ growing ecosystem of technology companies, joining the Society Pass team at its brand new Indonesian office in Jakarta and unveiling Nusatrip’s new logo and features for its website and app. Dennis Nguyen, Founder of Society Pass, Chief Executive Officer, explains, “We are pleased to announce the opening of the Indonesian office of Society Pass and Nusatrip as one of our milestones in the synergistic growth of OTA business within the e-commerce ecosystem and the Society Pass loyalty platform. With his many years of experience running travel and technology businesses, Joe will contribute immensely and lead Nusatrip to greater heights in the years to come.

Society Pass enters the Indonesian market with an ambitious program; to strengthen its position as a pioneer of the next generation digital ecosystem and loyalty platform in Indonesia and throughout the SEA. SoPa seeks to acquire attractive value companies in SEA to join its next-generation digital ecosystem with key focuses on loyalty, lifestyle, F&B delivery, telecommunications, digital media and travel.

Patrick Soetanto, National Director of Society Pass Indonesia, adds, “Jo will drive our journey by generating new revenue streams by integrating Nusatrip’s robust technology and operational efficiencies of its leading e-commerce travel platform into our ecosystem. We are reinvigorating OTA business in Indonesia and across the SEA, to meet growing demand for pre-pandemic travel in the regions. More importantly, Society Pass and Nusatrip aim to boost Indonesia’s travel and digital economy sectors.

Johanes (Jo) Chang, CEO, Nusatrip states: “I would like to thank Mr. Nguyen and Soetanto for placing their trust in me to lead Nusatrip and I am honored to assume the position of new CEO of Nusatrip. By integrating with the Society Pass fintech and e-commerce ecosystem, Nusatrip is embarking on regional expansion and unlimited opportunities to develop more channels and revenue streams. With the strong support of Society Pass and its partners, we are preparing for the recovery of the travel industry in Indonesia and SEA in 2023 and 2024.”

Jo adds, “Nusatrip’s mission is to become a world-class OTA and the most trusted partner for airlines and hotels, offering a wide range of travel and tourism related products, services and experiences to our customers and business partners around the world. As our industry recovers from the pandemic, we will continue to work within our digital ecosystem and loyalty platform to deliver better travel products and services to our customers across SEA.

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, the Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila and Singapore, Incorporated Company Pass (Nasdaq: SOPA) is an acquisition-driven holding company that operates 6 interconnected verticals (Loyalty, Digital Media, Travel, Telecom, Lifestyle and F&B), seamlessly connecting millions of registered consumers and hundreds of thousands of merchants/ trademarks registered in several categories of products and services throughout the SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the symbol SOPA in November 2021. SOPA shares were added to the Russell 2000 Index in December 2021.

SoPa acquires fast-growing e-commerce businesses and expands its user base through a robust ecosystem of products and services. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and the circulation of its Universal Loyalty Points or Society Points, which has entered beta testing and is expected to launch at scale in early 2023. Members of the program Society Pass loyalty earn and redeem Society points. and receive personalized promotions based on SoPa’s data capabilities and understanding of consumer buying behavior. SoPa has over 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested over 2 years in building a proprietary IT architecture to scale and effectively support its consumers, merchants and acquisitions.

Society Pass leverages technology to tailor a more personalized experience for customers in the buying journey and to transform the entire retail value chain into SEA. SoPa operates Thoughtful Media Groupa Thailand-based premium multi-platform digital video network focused on social commerce; NusaTripa leading online travel agency based in Indonesia; Gorilla networksa Singapore-based Web3-enabled mobile blockchain network operator; Leflair.comVietnam’s leading lifestyle e-commerce platform; Pushkart.pha popular grocery delivery company in the Philippines; Handycart.vn, a leading Vietnam-based online restaurant delivery service; and Manganone of the leading local restaurant delivery services in the Philippines.

For more information on the Society Pass, please see:

Website at https://www.thesocietypass.com Where

LinkedIn at https://www.linkedin.com/company/societypass Where

Facebook at https://www.facebook.com/thesocietypass Where

Twitter on https://twitter.com/society_pass Where

instagram at https://www.instagram.com/societypass/.

About Nusatrip

Founded in 2013, NusaTrip is an IATA-licensed online travel agency that serves local and global customers and partners by leveraging state-of-the-art technology and providing a quality customer-centric support team as a service. In 2022, NusaTrip officially joined the Society Pass ecosystem (Nasdaq: SoPa), with headquarters in Jakarta and representative offices in Singapore, Vietnam, the Philippines and Thailand.

For more information, please see: https://www.nusatrip.com/.

Caution Regarding Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, insofar as they relate to us or our management team, identify forward-looking statements. These forward-looking statements are based on the beliefs of management, as well as assumptions made by the management of the Company and information currently available to them. Actual results could differ materially from those contemplated by the forward-looking statements due to certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the IPO of the Company filed with the SEC. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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