Prince Group Chairman Neak Oknha Chen Zhi Wins Entrepreneur of the Year – Conglomerates at 2021 International Business Awards

2021 IBA received more than 3,800 entries from organizations in 63 nations as leaders of conglomerates tasked with need to tackle diverse social problems

PHNOM PENH, CAMBODIA – Media OutReach – 20 August 2021 – Prince Holding Group (“Prince Group”), one of Cambodia’s
largest and fastest growing conglomerates, is proud to announce that Neak Oknha Chen Zhi (“陈志公爵”), Chairman of Prince
Group, has been recognized as Entrepreneur of the Year – Conglomerates, at the
2021 International Business Awards. Neak Oknha Chen Zhi is the only entrepreneur
honored in a category that celebrates leaders running multi-industry
businesses. Neak Oknha Chen Zhi is one of three Asian leaders who are
recognized for dynamic entrepreneurialism in different sectors during one of
the most challenging years in corporate leadership. Neak Oknha Chen Zhi is
among a wave of new leaders of conglomerates considering innovative approaches
to business that also makes a difference to societal goals.

In addition, Prince Group also won the Bronze
Award in the Most Valuable Corporate Response (COVID-19 category) coming three
months after it had earlier secured a win for the best COVID-19 Corporate
Response
at the eighth annual Asia-Pacific Stevie Awards in May. 

The 2021 International Business Awards received more than 3,800
entries from organizations in 63 nations. Neak Oknha Chen Zhi’s Gold Stevie
Award in the Entrepreneur of the Year – Conglomerates and Prince Group’s Bronze
Stevie Award in the Most Valuable Corporate Response category were finalized
after two months of voting by a panel of 260 professionals and key decision makers from across the globe.

Over the past year, various member companies of the Group were
called upon by Neak Oknha Chen Zhi to make a difference in
the lives of employees, affected communities and frontline staff. In March,
Neak Oknha Chen Zhi donated
US$3 million to the Cambodian government’s anti-pandemic efforts after an initial US$3 million donated last December
to help Cambodia purchase 1 million COVID-19 vaccines. Neak Oknha Chen Zhi also asked the Group to
promptly organize several rounds of COVID-19 vaccinations for its 3,500+
employees.

Recently, Neak Oknha Chen Zhi signed off on a long-term
partnership with Caring For Cambodia, a leading education charity focusing on
underprivileged students, and the Group will sponsor Career Preparation, an
initiative seeking to help over 3,000 students navigate the uncertain
post-pandemic educational and employment landscape by empowering them with
necessary skills and knowledge.

Neak Oknha Chen Zhi has also undertaken a
pivot towards sustainable development by launching Ream City, an 834-hectare
coastal development project built on sustainable real estate principles. Canopy
Sands Development, a member of the Group, has begun work on the project that
aims to set a precedent in the country with adherence to international
standards. Canopy Sands Development will soon release its inaugural environment,
social and governance report as well.

In an era when leading corporates are fulfilling their social
responsibilities, Neak Oknha Chen Zhi, and his leadership team
at Prince Group, have been working tirelessly to be a force for good in
Cambodia, playing its part in supporting the Kingdom to overcome the
pandemic.