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LEW's Subsidiary Partners with Beijing Academy of Agriculture and Forestry Sciences for Co-Research Collaboration

HONG KONG / February 09, 2024 / LE Worldwide Limited ("LEW"), a leading provider of innovative grow light solutions, is pleased to announce the signing of a co-research collaborative agreement between its subsidiary and the prestigious Beijing Academy of Agriculture and Forestry Sciences (“BAAFS”). This strategic partnership aims to advance research and drive innovation in the field of smart farming.


Since its establishment in 1958, BAAFS has emerged as a comprehensive research institution renowned for providing vital leadership and support in developing modern urban agriculture and China’s agriculture sector overall. Over its rich 60-year history, BAAFS has made valued contributions through pioneering technological advancements, academic excellence, and an unwavering commitment to innovation.


The Chinese government has strongly encouraged and backed agriculture, providing favorable policies and resources to stimulate innovation and modernization. Recognizing agriculture’s importance for national food security and evolving needs, the government supports technological advancements and sustainable practices.


LEW's collaboration aligns with this vision, emphasizing the crucial role of LED grow lights as supplemental devices for facility horticulture vegetables. The partners seek to explore the impacts of light spectra on crop growth and advance LED grow light technologies through joint research. By combining knowledge and capabilities, LEW and BAAFS strive to develop cutting-edge agricultural solutions that align with government goals for efficient, sustainable agriculture.


Mr. Teddy Lo, the CEO and Chairman of LEW, expressed his enthusiasm for the research collaboration, stating, "We are delighted to partner with the esteemed Beijing Academy of Agriculture and Forestry Sciences for this co-research initiative. By combining our knowledge and resources, we aim to contribute to China's agricultural development and address the evolving needs of farmers through the advancement of LED grow light technology. With strong support and encouragement from the Chinese government, we are confident in our ability to drive innovation and provide valuable LED grow light solutions for the modernization of agriculture."


For more information about LEW and the new data-driven lighting solution, please visit www.leigrow.com


About LE Worldwide Limited ("LEW")LEW is a global Agtech company specializing in data-driven integrated lighting solutions for Controlled Environment Agriculture (CEA). Our mission is to enhance CEA efficiency by leveraging data, science, and technology. Our comprehensive offerings include an advanced interactive lighting system, a data collection ecosystem, smart control solutions, a cloud-enabled software gateway, and a data analytics system. We strive to achieve high-quality agricultural output by continuously monitoring plant health and optimizing farm systems.

This press release is provided by LE Worldwide Limited (LEW), which is planning to change its name to AG DATAWORKS after the planned merger and listing with the SPAC called Ace Global Business Acquisition Limited (Nasdaq ticker: ACBA) in 2024 subject to the satisfaction of the terms and conditions set forth in the previously announced business combination agreement.


Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions. These forward-looking statements are based on the Company’s current beliefs and expectations. All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties that may cause LE Worldwide Limited 's actual results, performance, or achievements to be materially different results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. These forward-looking statements should not be read as guarantees of future performance or results. A number of factors could cause actual results, performance, or achievements to differ materially from those anticipated or implied in our forward-looking statements, including factors discussed under the caption "Risk Factors" herein and in documents filed by LE Worldwide Limited from time to time with the SEC. These forward-looking statements should not be relied upon as representing LE Worldwide Limited 's views as of any date subsequent to the date of this press release. Except as required by law, LE Worldwide Limited undertakes no obligation to revise or update any forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law. For more information, please visit LEW’s website: www.leigrow.com

 

Investor Contact:

Investor Relation Manager

LE Worldwide Limited

+852 2144 2082

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