Partnership event between FANTOO and Asia Model Festival celebrating K-pop culture will be promoted throughout South-East Asia, growing FANTOO's brand presence and potential user base

SEOUL, SOUTH KOREA / ACCESSWIRE / August 28, 2023 / Hanryu Holdings, Inc. (NASDAQ:HRYU) (the "Company" or "Hanryu"), a media-tech company and creator of FANTOO, an all-in-one social media experience connecting K-culture fans globally, today announced it has launched the 'I Love Hanryu' event, a collaboration between FANTOO and the Asia Model Festival.

Taking place from August 21 through September 11, 2023, the event will celebrate the hallyu culture, exhibiting the K-pop movement, music, artists and its cultural significance. In addition, ‘I Love Hanryu' offers cultural experiences related to K-pop and musical concerts.

‘I Love Hanryu' is for FANTOO users to win tickets to visit Korea and experience the culture. The top three participants who invite the most friends using their referral code will receive round-trip tickets to Korea to experience the hallyu culture for four days, including the entrance ticket to final awards ceremony of 2023 Asia Model Festival. Users can apply through the FANTOO app.

‘I Love Hanryu' is being promoted internationally across South-East Asian countries with a strong affiliation for the hallyu culture, such as India, Malaysia and Thailand, growing FANTOO's brand exposure and its potential user base. Promotional channels include social media advertising, marketing with local influencers, and subway video advertisements.

"We are proud to launch the ‘I Love Hanryu' event, celebrating K-pop culture and FANTOO's partnership with the Asia Model Festival," said Kang Chang Hyeok, Chief Executive Officer of Hanryu Holdings. "The promoting of hallyu culture, as well as the FANTOO app, to a broad international audience across South-East Asia will help grow our brand exposure and increase our potential user base."

About Hanryu Holdings

Hanryu Holdings, Inc., is the creator of the engaging and innovative social media platform, "FANTOO". FANTOO connects users around the world that share similar interests by providing distinctive service offerings, technologies, applications, and websites. Through FANTOO, we provide a global multi-media platform for our users to interact with other like-minded users, to share their appreciation of various types of entertainment and cultures, create their own content, enjoy other users' content, engage in commerce, and experience a "fandom" community we believe is unlike any other. For more information please visit www.hanryuholdings.com.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and include, without limitation, statements concerning the Company's business strategy, future revenues, market growth, capital requirements, product introductions, expansion plans and the adequacy of its funding, the proposed offering, and the plan to list on the The Nasdaq Capital Market. Other statements contained in this press release that are not historical facts are forward-looking statements. The Company has tried, wherever possible, to identify forward-looking statements by terminology such as "may," "will," "could," "should," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and other comparable terminology.

The Company cautions you that any forward-looking statements presented in this press release are based on the beliefs of, assumptions made by, and information currently available to us. Such statements are based on assumptions, and the actual outcome will be affected by known and unknown risks, trends, uncertainties, and factors that are beyond the Company's control or ability to predict. Although the Company believes that its assumptions are reasonable, it is not guaranteeing of future performance, and some will inevitably prove to be incorrect. As a result, the Company's actual future results can be expected to differ from its expectations, and those differences may be material. Accordingly, you should use caution in relying on forward-looking statements, which are based only on known results and trends at the time they are made, to anticipate future results or trends. Certain risks are discussed from time to time in the Company's filings with the SEC.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, the Company is not obligated to publicly release any revisions to these forward-looking statements to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Company Contact:

Hanryu Holdings, Inc.
SunYoung Jang
jsy@fns.ai
contact@hanryuholdings.com

Investor Contact:

KCSA Strategic Communications
Valter Pinto, Managing Director
PH: (212) 896-1254
Hanryu@KCSA.com

SOURCE: Hanryu Holdings Inc.