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AMTD IDEA Group’s Retirement Fund (Mandatory Provident Fund, “MPF”) Schemes Achieved Five Awards from MPF Ratings

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AMTD IDEA Group (NYSE: AMTD) has been recognized with five awards at the 2023 MPF Awards for its outstanding performance in MPF schemes. The awards include:

  • 1 Year Consistent Performer 2023 – Mixed Asset Fund (Dynamic)
  • 1 Year Consistent Performer 2023 – Mixed Asset Fund (41-60)
  • 5 Year Consistent Performer 2023 – Mixed Asset Fund (Dynamic)
  • 5 Year Consistent Performer 2023 – Mixed Asset Fund (81-100)
  • 10 Year Consistent Performer 2023 – Mixed Asset Fund (Dynamic)

MPF Ratings, which launched in 2010, aims to enhance the quality of MPF schemes in Hong Kong, helping members identify best practices.

Positive
  • Recognition with five awards at the 2023 MPF Awards highlights AMTD's strong performance and reliability in managing MPF schemes.
  • Awards span multiple categories and timeframes, indicating consistent performance across different fund management metrics.
Negative
  • None.

NEW YORK & SINGAPORE & HONG KONG--(BUSINESS WIRE)-- AMTD IDEA Group (NYSE: AMTD; SGX: HKB), a subsidiary of AMTD Group Inc. (formerly known as AMTD Group Company Limited and hereinafter referred as “AMTD Group”), has been recognised for the exceptional performance of its MPF schemes with five of “The 2023 MPF Awards” by MPF Ratings.

(Photo: Business Wire)

(Photo: Business Wire)

The five awards include: “1 Year Consistent Performer 2023 – Mixed Asset Fund (Dynamic)”; “1 Year Consistent Performer 2023 – Mixed Asset Fund (41-60)”; “5 Year Consistent Performer 2023 – Mixed Asset Fund (Dynamic)”; “5 Year Consistent Performer 2023 – Mixed Asset Fund (81-100)”; and “10 Year Consistent Performer 2023 – Mixed Asset Fund (Dynamic)”.

MPF Ratings was launched in 2010 and has become the market leader in supporting the maximisation of Hong Kong’s retirement savings. Its objective is to raise the quality of the performance and services of MPF schemes and improve the governance and compliance standards of scheme providers. The awards are designed to help scheme members identify best practices among MPF schemes in the market.

About AMTD IDEA Group

AMTD IDEA Group, formerly known as AMTD International Inc. (NYSE: AMTD; SGX: HKB) represents a premier Asia financial institution and digital solutions group connecting companies and investors from Asia, including China and Hong Kong as well as the ASEAN markets with global capital markets. Its comprehensive one-stop financial services plus digital solutions platform addresses different clients’ diverse and inter-connected financial needs and digital requirements across all phases of their life cycles. Leveraging its deep roots in Asia and its 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.

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 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 with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For AMTD IDEA Group:

IR Office

AMTD IDEA Group

TEL: +852 3163-3389

EMAIL: ir@amtdinc.com

Source: AMTD IDEA Group

FAQ

What awards did AMTD receive at the 2023 MPF Awards?

AMTD received five awards, including '1 Year Consistent Performer' and '5 Year Consistent Performer' in various Mixed Asset Fund categories.

How does the MPF Ratings impact AMTD's business?

The MPF Ratings help establish AMTD's reputation in the market, positioning it as a leader in managing retirement savings effectively.

What is the significance of the MPF Awards for AMTD?

The MPF Awards signify recognition of AMTD's commitment to quality, performance, and governance in MPF schemes.

When were the 2023 MPF Awards held?

The exact date of the 2023 MPF Awards is not mentioned in the press release.

What does the recognition from MPF Ratings mean for AMTD's investors?

Recognition from MPF Ratings may enhance investor confidence in AMTD's management capabilities and overall fund performance.

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