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DayDayCook launches FoodTech Accelerator program

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Eight innovative start-ups selected for the first cohort

Hong Kong, December 7, 2021 (GLOBE NEWSWIRE)-China’s leading content-driven direct sales brand, DayDay Cook (DDC), today announced the launch of Hong Kong’s first food technology accelerator program, the Good Food Accelerator Program. bottom. The goal is to build a world-class food technology ecosystem in Hong Kong.

DayDayCook CEO Norma Chu, the mission of Good Food Accelerator Programs is to build a state-of-the-art food technology ecosystem in Hong Kong and initiate a stream of commercially viable products and innovative solutions. By focusing on Hong Kong, the program creates a global splash by implementing its ambition to become a major innovation hub for food technology talent around the world. Hong Kong has been paying more attention to health sciences in recent years, and China has promised to be carbon neutral by 2060.

Peter Yan, CEO of Cyberport, said: Last year, the world sought new breakthrough solutions in the innovation and technology industry, including food production, raw material procurement, food ordering, and food waste disposal. Cyberport is committed to helping start-ups develop new, sustainable and healthy FoodTech solutions. We are pleased to be able to partner with the Good Food Accelerator Program alongside the first two start-ups in the cohort. We look forward to welcoming FoodTech start-ups to join the Cyberport community with the success of more creative solutions in this area.

The Good Food Movement brings together a strong network of investor partners such as C Ventures, Gobi Partners, Vector Ventures and March Fund. In addition, the program includes corporate partners such as KPMG, CJ Foods, Lever VC, Dao Foods and The Mills Fabrica. Along with experts from the investor sector veteran Deng Feng to Nestlé’s board Eva Cheng, the impressive lineup of founding advisors also supports the program.

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The Good Food Accelerator Program provides entrepreneurs in the fields of food science and technology with the opportunity to leverage larger sales channels and gain knowledge and resources from industry professionals through one-on-one mentoring. The program is also designed to provide startups with better access to targeted investors when raising funds.

Eight companies were selected for the first cohort, sharing attributes that meet the program’s primary concerns: alternative proteins, food as a pharmaceutical, food distribution, and overall product innovation. The cohort members are:

Pharmacy Asia’s first agricultural real estate technology company, creating smart mobile farms with full remote control capabilities for highly urbanized cities and agricultural-focused locations.

Good Food Tech A harbor-based start-up focuses on innovative food R & D specializing in high-quality plant-based pork products, from appetizing burger patties to juicy meatballs. increase.

Alchemy Singapore-based food technology start-up offering food innovation to combat diabetes and other chronic illnesses. Their innovations include Alchemy Fiber, a unique, easy-to-use powder blend that can be sprinkled on white rice to lower the glycemic index.

70/30 Food Science & Tech A Shanghai-based food delivery venture that offers flavorful, affordable and healthy plant-based takeaway food.

Aqua Farm Hong Kong-based technology company applies AI-driven data management and state-of-the-art technology to enable efficient and sustainable production of marine products.

Geb Impact Technology A Hong Kong-based premium biotechnology company that grows sustainable superfoods and alternative meats, microalgae, to meet the demands of new healthy lifestyles.

AllKlear Health Limited A futuristic food technology company originating in Hong Kong, we have combined nature and innovative technology to create detox future salads. Convenient and delicious, one pouch (one meal) contains the same amount of nutrients as five salads.

A food upcycling startup that uses the surplus bread from Breer Bakery to make great-tasting craft beer.

The Good Food Accelerator Program is fully supported by DayDayCook and enhanced by the Good Food Movement (GFM), a program approved by Cyberport.

DDC Food Innovation Leader

Founded in 2012, DDC is a digital publisher and merchandising company that owns and operates the DayDay Cook brand, one of the leading content-driven lifestyle brands for young food lovers currently in the Asian market. I am.

DDC has launched a ready-to-heat (RTH), ready-to-cook (RTC), plant-based food. This provides convenient, high quality food for young food lovers. The group has increased brand awareness and promoted its products through cooking and lifestyle content across major social media and e-commerce platforms, bringing total over 3 billion video views and over 10 million orders worldwide. I did. As of the second quarter of 2021, DDC has 60 million active viewers, 3.4 million paying customers and an average repeat purchase rate of 21.2%.

Description of future prospects

This document is provided to Recipients for informational purposes only and is intended to form the basis for investment decisions or decisions regarding transactions involving DDC Enterprise Limited (the Company) and / or its subsidiaries. It’s not a thing. And / or affiliates (collectively group). This document does not constitute or contain the sale or purchase of securities or the offer or invitation or solicitation of Group interests, and this document or what is contained in this document does not form the basis of the contract and is related to the contract. It is not something that can be trusted. Or commitment. The information contained in this press release, or any additional information made available by the Group or its directors, officers, partners, employees, agents, representatives, or advisors, forms the basis of contracts or other legal obligations. It is not done or interpreted. ..

Stakeholders should conduct their own research and analysis of the Group, financial position and outlook, as well as the data contained in this document. The Group, its subsidiaries, shareholders, other affiliates, or their respective directors, officers, partners, employees, agents, representatives and advisors, express or implied, make any representations with respect to the following accuracy or completeness: Or we do not guarantee it. This document, or any information contained in this document, or any other written or verbal communication sent to the recipient in the course of the evaluation of this document, or the group. In providing this document, we undertake no obligation to provide recipients with access to additional information, update this document, or correct any inaccuracies that may be revealed. Suppose. This document is not considered to indicate the status or status of the Group, nor does it indicate that the status or status of the Group has not changed since that date or the date on which the information was provided. document.

This document may contain specific statements, estimates, goals, forecasts, and forecasts for a group, including specific financial forecasts. Such information is subjective and needs to be based on an analysis of the information available at the time associated with certain assumptions and may prove incorrect. Therefore, we make no representations, warranties, or warranties, express or implied, that such information is correct or that such statements, estimates, goals, predictions, or predictions are realized. This document may also contain forward-looking statements. All statements other than historical fact statements may be forward-looking statements. These forward-looking statements are “may”, “do”, “can”, “anticipate”, “assume”, “should”, “show”, “believe”, and “contemplate”. Can be identified using words such as, “expect”, “seek”, “estimate”, “continue”, “plan”, “point”, “plan”, “predict”. , Possibility, Intent, Target, Possibility, and other similar future words and expressions. These forward-looking statements are subject to risks and uncertainties in which actual future experience and results may differ materially from those described in these forward-looking statements. Key factors that can make these differences include, but are limited to, the timing, costs, and uncertainties of the Group’s business initiatives, and the Group’s ability to develop and monetize the business. not. No member of the Group is obliged to publish any revisions to such forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unexpected events. ..

Contact: MattBlazei Senior Equity Research Analyst CORE IR516 222 2560www.coreir.com

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