Society PassForms Leflair, Inc. Subsidiary, Which Will Operate the Leflair Ecommerce System Appoints a New CEO

Society Pass Incorporated

Culture Move Integrated

  • This press release clarifies info in the push release from April 15, 2022.

  • Culture Go Integrated (SoPa) (Nasdaq: “SOPA”), a foremost Southeast Asia loyalty and ecommerce ecosystem and mother or father company of Leflair Inc (“Leflair Group”), declared nowadays the completion of corporate restructuring of Leflair’s Vietnam functions into Leflair Group – a new integrated life-style retail ecosystem to compete in Southeast Asia’s 100B+ USD retail market place.

  • SoPa introduced a new management staff to facilitate this restructuring and introduced the appointment of Loic Gautier – Co-founder and Previous CEO of Leflair as the new Group CEO, and Ngo Thi Cham – Vietnam Nation Head of SOPA as the Group COO.

  • As the CEO of Leflair Group, Mr. Gautier will be dependable for running the Leflair Group’s P&L, sourcing and executing future acquisitions to enlarge the Leflair ecosystem, and increase to other Southeast Asian markets.

Singapore, April 20, 2022 (Globe NEWSWIRE) — by way of NewMediaWire — Society Go Integrated (Nasdaq: SOPA) announced nowadays the completion of restructuring of Leflair Vietnam’s operations into a separate entity – Leflair Inc (“Leflair Group”). Together with this corporate restructuring, SoPa appointed Mr. Loic Gautier to turn out to be the new Team Chief Government Officer of Leflair Team. Ms. Ngo Thi Cham – Vietnam State Head of SoPa and latest Managing Director of Leflair – will be the Group’s new Main Working Officer and perform together with with Mr. Gautier in driving the business ahead in its subsequent phase of progress.

As a final result of this corporate restructuring process, we imagine Leflair Team could grow to be Southeast Asia’s upcoming life style retail super distributor nexus, evolving from a solitary discounted platform to a life style retail ecosystem, furnishing buyers with an integrated and special buying practical experience from on the web to offline. Leflair Group continues to get businesses in the ecommerce, way of life retail and on the web marketing verticals.

Mr. Ray Liang, CFO of SoPa Team, commented, “After the IPO of SoPa last year, we have been functioning on a new advancement system for Leflair in order to improve its probable to develop into the vacation spot for way of living searching in Southeast Asia. In order to aid that progress, we are joyful to welcome back Mr. Loic Gautier to be part of our government workforce and turn out to be the driving force for Leflair Group in the long run. At Culture Pass, selecting important skills is constantly amid our prime priorities as a enterprise and we often welcome Leflair’s previous skills to appear back and work with each other to convey Leflair to new heights. Owning Mr. Gautier occur again as the CEO of Leflair Group assures continual and sustainable expansion for Leflair in the several years to arrive. The new recruitment also enables us to have out larger designs for Leflair, evolving from a single on the web platform to grow to be a genuine ecosystem for way of living procuring.”

Given that its IPO on the Nasdaq previous calendar year, SoPa has targeted on M&A pursuits to develop the ecosystem with other on-line platforms throughout 6 verticals: life style, F&B, vacation, electronic media, and B2B program and loyalty technological innovation in the prime 3 V.I.P international locations of Southeast Asia – Vietnam, Indonesia, Philippines. By means of these business strains, SoPa improves the interconnectedness and guidance within its ecosystem, fulfilling its mission to hook up millions of registered consumers and hundreds of registered retailers throughout Southeast Asia.

Inside this new appointment, Mr. Gautier will be accountable for functioning Leflair Group’s expansion and growth tactic to carry the Leflair system to other Southeast Asian nations, as very well as managing the forthcoming acquisitions in purchase to increase the group to other smaller segments inside of the life style retail market.

Loic Gautier, the new CEO of Leflair Group, shared, “It’s an honor to receive SoPa’s have faith in. With this spin-off, Leflair now has a new medium to increase its whole advancement possible. By pivoting from a single platform to an integrated life-style retail ecosystem, we look for to join all gamers inside the life-style retail worth chain, from brand distributors, to offline retailers, ecommerce platforms and delivery businesses. The new vision makes Leflair a pioneer in redefining the way of living and ecommerce retail sector throughout Southeast Asia.”

According to Mr. Gautier, Leflair Group is operating in direction of ambitious strategies ahead, aiming for considerable funding rounds and a roadmap to IPO in the close to long term.

For a lot more data, remember to check out out our web page: www.thesocietypass.com/ www.leflair.com

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About Culture Pass

Society Go is a loyalty and details advertising and marketing ecosystem that operates numerous ecommerce and lifestyle platforms throughout its critical marketplaces. Its organization model focuses on accumulating person knowledge as a result of the envisioned circulation of its common loyalty points. It seamlessly connects individuals and retailers throughout a number of merchandise and company groups fostering organic and natural loyalty. Due to the fact its inception, SoPa has amassed more than 1.6 million registered people and around 5,500 registered merchants/models on its system. It has invested 2+ yrs building proprietary IT architecture with chopping edge components to proficiently scale and support its Platform’s people, merchants, and acquisitions.

Society Go presents retailers with #HOTTAB Biz and #HOTTAB POS– a specialised POS technology alternative, a thorough program for payment, loyal client administration, user profile analytics, and effortless economic assist offers for smaller and medium-sized enterprises.

In addition, SoPa operates Leflair.com, Vietnam’s major life-style e-commerce platform, Pushkart.ph, a well known grocery supply organization in Philippines, and Handycart.vn, a leading on the net restaurant supply provider based in Hanoi, Vietnam.

For additional details, remember to examine out: http://thesocietypass.com/.

About Leflair

Primarily based in Ho Chi Minh City, Leflair is an online top quality outlet for Trend, Natural beauty and Dwelling Furnishing items. Introduced on December 2015, Leflair experienced been selling far more than 2,500 manufacturers through its flash-gross sales design. SOPA obtained Leflair’s property in February 2021 and relaunched Leflair again onto the Vietnam current market in September 2021.

For more information and facts, be sure to check out:www.leflair.com.

About Loic Gautier

Loic Gautier is a Southeast Asia-based mostly French e-commerce entrepreneur and retail specialist. Prior to staying an entrepreneur, Loic was in demand of enterprise improvement for multinational ecommerce businesses this sort of as Groupon (Europe) and Lazada (Asia). Loic founded Leflair in 2015 and ran the firm as the CEO for virtually 5 several years. In the course of that time, Leflair lifted in whole 12 million USD in enterprise cash funding and expanded to 3 other marketplaces ahead of the brand was acquired by SoPa in 2021.