Highest Performances Holdings collaborates with Singapore White Group

Highest Performances Holdings announced collaboration with Singapore White Group in investing in several top-notch international sports events, including the following: Davis Cup; Billie Jean King Cup; Formula 1 World Championship. As of date, White Group has secured the hosting rights for the 2024 Men’s Tennis World Cup and Davis Cup Finals Group Stage. Additionally, it has participated in the bidding process for hosting the 2024 Women’s Tennis World Cup and Billie Jean King Cup Finals and the 2025-2029 Tennis World Cup. It also plans to bid for the 2025 Formula 1 World Championship. Details of the sports events are as follows: The 2024 Davis Cup Finals Group Stage is scheduled to be held in Macao-Hengqin, China from September 10, 2024 to September 15, 2024; The 2024 Billie Jean King Cup Finals is proposed to be held in Guangzhou or Shenzhen from November 13, 2024 to November 20, 2024. The 2025-2029 Tennis World Cup is proposed to be held in Guangzhou, Shenzhen, Hong Kong, Hengqin Guangdong-Macao Shenzhen Cooperation Zone, Foshan, and other cities in China. The men’s group stage will be held for one week in mid-September each year, and the men’s finals and the women’s finals will be held from early to mid-November each year, lasting 8-10 days. The Formula One World Championship is proposed to be held in Guangzhou, China in 2025. The total investment for these international top-level tennis tournaments and the F1 championship is approximately $250 million which will be used in event costs and operational expenses. The net profits derived from the investment in such top international sports events are expected to be: Approximately $8 million for the two international tennis events in 2024. Approximately $20 million for the international top-level men’s and women’s tennis championship in 2025. Approximately $45 million for the World Formula 1 Championship in 2025. Over $300 million for five years from 2025 to 2029, for hosting rights for both the international top-level men’s and women’s tennis championships and the renowned World Formula 1 Championship for a duration of five years. Moving forward, both parties will continue to focus on investing in international top-level sports events such as volleyball, table tennis, badminton, swimming, soccer, basketball, sailing, and other sports projects.