I Synergy Group Limited refers to the previous announcement on 27 October 2022 for the launch of its new SaaS product wyde, and the submission of the wyde Apps on the App Stores and announced the wyde Apps are now live on the Google Play Store (Android) and Apple App Store and publicly available for download and use. wyde is currently working on the database digitising strategy of integrating I Synergy's existing user base allowing wyde to leverage off this existing database. wyde is aiming to onboard new users, merchants and influencers and grow its operations over time.

The Company is of the view that the eCommerce space and influencer marketing is a growing sector, and that e-Wallet payments will continue to gain popularity across all markets and industries. Unique proposition of wyde in the market wyde is the only influencer marketing platform with an App built on blockchain technology that seamlessly automates the interaction between advertisers and influencers. There is currently limited direct competition in the influencer marketing industry and the Company is positioning wyde to be a leader in this space.

The global influencer marketing industry is a vibrant and expanding sector within the digital economy. In addition to influencer marketing, the value add of a universal blockchain-based loyalty program helps the platform to reduce the customer retention cost for businesses. The Company believes that online advertisers are reducing focus and spend on Facebook and Google Ads in favour of direct and performance-based marketing initiatives and the wyde platform is well positioned as a tool to facilitate this trend.

The wyde platform is now available in Malaysia and Indonesia, and the Company is proceeding with digitising and onboarding its current database of users. The Company is planning to launch the full wyde product in Australia in March 2023. The launch of the payment gateway facility for online merchants is planned for June 2023 and is currently under development by the Company.

As at the date of this announcement, users in Malaysia and Indonesia can register with wyde to obtain access to an exclusive unique digital wallet to receive rewards and join the waitlist to get access to limited NFT's. These will notify users when exclusive products and discounts are able to be offered to NFT holders on the wyde ecosystem. The NFT holders can build data held in their NFTs by continuing to collect points and provide value to the wyde platform, leading to an upgrade in their status on wyde. wyde revenue model and details: wyde will seek to build its revenue by monthly advertiser subscription pricing for advertising on the wyde platform, and a model & commissions structure whereby wyde will earn the remainder of the transaction fees after influencers have received their commissions.

wyde is focused on user acquisition, revenue and growth. wyde charges a monthly subscription fee to advertisers who register with wyde, which includes a fixed and variable fee that is dependent on the type of subscription they choose depending on which is most suitable for their business. The variable fee is the fee wyde charges as a percentage of the total order value and is based on the advertiser's categories for their products.

The fixed fee is per transaction and not dependant on the category. Payment can be deducted monthly from the advertiser. Users can sign up as a wyde influencer to earn income with wyde by referring products and services through wyde.

A normal influencer is only able to onboard advertisers and customers, whereas Super Influencer can onboard influencers as well. Super Influencers are able to obtain increased reward rates that are not provided to a normal Influencer. Super Influencers can increase their income potential by building their team of influencers and creating an online influencer business within the wyde ecosystem.

To level up and become a Super Influencer an influencer needs to earn a cumulative RMB 10,000 in total on the wyde platform.