91APP Achieves NT$130 Million in December Unaudited Consolidated Revenue, Closing 2023 with Record High, Poised for Continued Upward Growth in D2C in 2024

91APP (Stock code: 6741), the first native SaaS company listed in Taiwan, announced its unaudited consolidated revenue for December 2023. The unaudited consolidated revenue for December 2023 amounted to NT$130 million, an increase of 1.96% year-over-year growth. Despite facing challenges from a dynamic market and a slowdown in growth trends last year, the company achieved an unprecedented milestone in its annual consolidated revenue, totaling NT$1.39 billion. Against prevailing challenges, 91APP achieved a remarkable annual growth rate of 10%, showcasing sustained expansion and steady progress in its revenue scale.

The substantial growth in December was predominantly fueled by the accelerated adoption of two key solutions, namely "Commerce Solution" and "Marketing Solution," driving the advancement of D2C (Direct-to-Consumer) strategies for various brands. Additionally, the company welcomed renowned international retail brands as key clients in the latter part of the year, contributing to operational excellence. The growth rate of over 10% in annual revenue underscored 91APP's robust business operations and product services. As the brand gears up for Lunar New Year business opportunities, riding the wave of the OMO (Offline-Merge-Online) trend, the company anticipates a sustained upswing in operational momentum and D2C trend throughout 2024.

Looking ahead to 2024, with over a decade of deep industry cultivation in the retail SaaS sector, 91APP leverages its market advantages to focus on expanding its customer base, especially among mid-to-large-scale brick-and-mortar retail clients. The company aims to facilitate the swift entry of brick-and-mortar e-Commerce, further elevating the overall penetration rate of e-Commerce in Taiwan. Additionally, it will deepen the development of the "Commerce Solution" and "Marketing Solution," strengthening D2C digital marketing and the evolution of Super App services. Simultaneously, 91APP will consolidate its e-Commerce services and continue cybersecurity upgrades. The company remains committed to recruiting exceptional talent, recognizing an unlimited demand for high-level professionals, and intending to enhance its workforce with a new generation of skilled workers. By aggregating talent, 91APP aims to maximize its professional capabilities and synergies, generating greater value and efficiency.

Moreover, the company will intensify its focus on Environmental, Social, and Governance (ESG) sustainability issues. Building on the success of last year's inaugural release of a self-authored sustainability report in both Chinese and English, 91APP remains steadfast in its commitment to corporate governance and the reinforcement of various sustainable development goals. The company aims to drive a positive cycle of corporate development and social contribution.