FOR IMMEDIATE RELEASE

Seoul, South Korea — 20 September 2025

IPO Conference in Korea Marks Major Milestone for Korean Startups

Three companies selected for U.S. IPO pathway under Boustead APEX, Inc. & Raffles Capital

Seoul – The IPO Conference, held on 12 September 2025 during Try Everything Korea — a government-backed, two-day festival designed to accelerate the global expansion of Korean startups — concluded with resounding success. The event spotlighted high-potential Korean companies while paving concrete pathways to the U.S. public markets.

The Asia Edition of the IPO Conference, now marking its 13th host city with Seoul, convened startup founders, legal and financial experts, and international investors to explore IPO readiness, cross-border financing, and U.S. listing opportunities.

Key Outcomes

Following a rigorous evaluation, three companies were selected to advance discussions toward a U.S. IPO and investment support:

·      The Rovers

·      Airbility

·      PFC Technologies

All seven founders who pitched impressed a distinguished judging panel comprising representatives from Loeb & Loeb LLP, a leading U.S. IPO law firm; and Raffles Capital, in partnership with Boustead APEX, Inc. Boustead APEX, Inc. reaffirmed its commitment to guiding high-potential Korean companies in raising capital and achieving public listings in the U.S.

Leadership Commentary

“We are thrilled with the quality of innovation and ambition on display at the IPO Conference. The Rovers, Airbility, and PFC Technologies have demonstrated exceptional readiness and potential for U.S. market success. Boustead APEX, Inc. is proud to partner with Raffles Capital to support them through the next stages.”

— Dr. Marcuz Tan, CEO, Boustead APEX, Inc.

“Supporting promising Korean startups to access the world’s largest capital market is central to Raffles Capital’s mission. We believe the three selected companies embody the future of global innovation — and we are ready to work closely with them and our partners to make their IPO journey a reality.”

— Dr. Charlie In, Founder, Raffles Capital

“It was a pleasure to present the seven curated companies to Boustead APEX and Raffles Capital. Each showcased strong technology, compelling business models, and global ambition. I am confident that the groundwork laid here will accelerate their growth and open new opportunities in the U.S. public markets.”

— Sean Kwon, Venture Partner, 500 Global

About IPO Conference

The IPO Conference – Asia Edition 2025 is designed for businesses preparing to go public. It provides a dynamic platform for insights, networking, and collaboration, connecting companies with investors and IPO experts to navigate the transition from private to public markets.

Next Steps

Boustead APEX, Inc., Raffles Capital, and their partners will now commence detailed due diligence, planning, and coordination for the IPO readiness of The Rovers, Airbility, and PFC Technologies. This will include legal structuring, financing, investor relations, and U.S. regulatory compliance.

Contact:

Faralynn Wong, Boustead APEX, Inc.

📧 mani@bousteadapex.com

🌐 bousteadapex.com

Forward-Looking Statements

This release contains forward-looking statements, including potential benefits of supply chain finance, possible valuation outcomes, and indicative timelines for U.S. listings. These statements are based on management’s current expectations and involve risks and uncertainties that could cause actual results to differ materially. No assurance can be given that any particular result will be achieved. Factors that may affect outcomes include market conditions, regulatory approvals, company performance, and other risks described in company disclosures. Readers should not place undue reliance on forward-looking statements and should consult qualified professional advisors.

About Boustead APEX, Inc.

Boustead APEX, Inc. (“BAI”) provides corporate advisory services including private-to-public listing strategies, mergers and acquisitions structuring, up-valuation, and up-listing of undervalued companies.

About Raffles Capital

Raffles Capital acts as a venture accelerator for companies ready to list on North American exchanges within 18–24 months. RC partners with firms aligned with the UN Sustainable Development Goals, aiming to deliver social impact alongside growth.

About 500 Global

500 Global is a multi-stage venture capital firm with $2.7B in assets under management. The firm invests in founders building fast-growing technology companies in markets where innovation and capital can unlock long-term value and economic growth.

About Loeb & Loeb LLP

Loeb & Loeb LLP is a premier international law firm with deep expertise in corporate, finance, and capital markets transactions, supporting clients worldwide in achieving strategic business objectives.