HWH International Announces its Upcoming Launch of the Hapi Wealth Program

Rhea-AI Summary

HWH International (Nasdaq: HWH) announces the launch of Hapi Wealth, a comprehensive equity investment and wealth-building education program. The initiative begins with a soft launch in China and Asia in November 2024, followed by an official launch in January 2025. The company plans North American expansion in early 2025.

The program includes a new China headquarters facility offering in-person courses, workshops, and coaching sessions. According to Executive Chairman Heng Fai Chan, Hapi Wealth aims to empower individuals toward financial independence through a community-centric approach, aligning with HWH's mission as a lifestyle membership company.

Positive

• Expanding service offering with new financial education program
• Geographic expansion into multiple markets (Asia and North America)
• Establishing physical presence with new China headquarters

Negative

• None.

Insights

Market Research Analyst

The announcement of Hapi Wealth program lacks concrete financial projections or revenue estimates, making it difficult to assess its immediate impact on HWH's bottom line. For a micro-cap company with just $18.5 million market capitalization, entering the crowded financial education market faces significant challenges. The Asian market launch followed by North American expansion appears ambitious, but without specifics on investment costs, pricing structure, or target customer base, the business potential remains speculative. The establishment of physical headquarters in China adds operational costs and regulatory considerations that could impact profitability.

The financial education sector is highly competitive with established players offering similar services. While the company's community-centric approach might differentiate it, the lack of monetization details and revenue projections makes this announcement more aspirational than materially significant for investors at this stage.

Bethesda, MD, Oct. 31, 2024 (GLOBE NEWSWIRE) -- HWH International Inc. (“HWH” or the “Company”) (Nasdaq: HWH) is pleased to announce that the Company has scheduled the launch of Hapi Wealth, a program dedicated to providing comprehensive education in equity investment and wealth-building strategies. A soft launch is scheduled for November 2024 in China and elsewhere in Asia, with the official launch set for January 2025. Building on the success of the launch, HWH plans to expand Hapi Wealth globally, with a targeted rollout in North America in early 2025.

Hapi Wealth

To further support its mission, Hapi Wealth is opening its China headquarters, designed as a conducive environment for individuals to participate in tutorials and workshops. The hub will offer participants the opportunity to attend courses, workshops, and coaching sessions in person, fostering a collaborative learning environment for those dedicated to learning investment in equities and wealth-building strategies.

Hapi Wealth leverages the wealth of knowledge and experience of its leaders to make wealth-building accessible and effective for its members. Our unique community-centric approach will offer members tools for making informed financial decisions while creating pathways for sustained growth.

"Hapi Wealth is designed to empower individuals on their journey toward financial independence and resilience," said Mr. Heng Fai Chan, Executive Chairman of HWH. "This aligns with HWH's vision as a lifestyle membership company, where promoting health, wealth, and happiness is at the core 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: https://www.hwhintl.com/

Forward Looking Statement

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 filed by HWH with the Securities and Exchange Commission (the “SEC”) on October 10, 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

FAQ

When will HWH International launch the Hapi Wealth program in China?

HWH International will soft launch Hapi Wealth in China in November 2024, with the official launch scheduled for January 2025.

What services will HWH's Hapi Wealth program offer?

Hapi Wealth will offer comprehensive education in equity investment and wealth-building strategies, including courses, workshops, and coaching sessions through its China headquarters.

When is HWH planning to expand Hapi Wealth to North America?

HWH plans to expand the Hapi Wealth program to North America in early 2025.