Commitment Against The Rising Pandemic

On March 11, in light of the deteriorating situation in Cambodia as a result of the increasing number of COVID-19 cases, Neak Oknha Chen Zhi, chairman of Prince Holding Group, or Prince Group, reaffirmed the Group's commitment to social responsibility by announcing plans to donate $3 million to the Cambodian government's anti-epidemic efforts. Chen Zhi has offered assistance to the Kingdom during this difficult time and expressed strong support for Prime Minister Hun Sen's efforts to combat the ongoing epidemic.

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Prince Group is one of Cambodia's largest corporate conglomerates, with operations in a variety of industries, including real estate development, banking and finance, aviation, tourism, logistics, information technology, food and beverage, and lifestyle.

Cambodia had reported 1,163 coronavirus cases as of 7 a.m. on March 11. While more than half of the cases have been cured, the Kingdom has recently seen an increase in cases as a result of what is being referred to locally as the 'February 20 incident,' with the COVID-19 caseload spreading to ten provinces and cities throughout the Kingdom.

About Prince Holding Group

Prince Holding Group is one of Cambodia's largest conglomerates, with various subsidiaries focused on three primary areas: real estate development, financial services, and consumer services.

In Cambodia, Prince Holding Group's primary business units are Prince Real Estate Group, Prince Huan Yu Real Estate Group, Prince Bank, Cambodia Airways, and Awesome Global Investment Group. Prince Holding Group has over 80 businesses in Cambodia through its subsidiaries, including real estate development, banking and finance, aviation, tourism, logistics, technology, food and beverage, and lifestyle.

Increased foreign direct investment, free trade agreements with major economies, and future membership in the Regional Comprehensive Economic Partnership are expected to act as key drivers of the Cambodian economy, bolstered by the government's pro-industry policies.

Prince Holding Group has laid the groundwork for a vital conduit for domestic and international capital by leveraging a network of industrial, business, and financial professionals across Asia. Prince Holding Group will continue to seek opportunities to contribute significantly to Cambodia's development, whether through partnerships or direct investments in critical industries, for the benefit of Cambodians and the local economy.