Wrkr and Link to deploy new employer platform in Hong Kong
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Released
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ASX ANNOUNCEMENT
Wrkr and Link Group to deploy new employer platform in Hong Kong
Sydney, 23 January 2024 — Wrkr Ltd (ASX: WRK) (Wrkr or Company), an innovator in
workforce compliance solutions, is delighted to announce that Link Group (Link) has
formally contracted Wrkr to deploy, licence and support the Wrkr employer platform
in Hong Kong as part of a software as a service arrangement to support its
administration services.
The Hong Kong pension market is undergoing significant change with the
introduction of the electronic Mandatory Provident Fund (eMPF). In preparation for
the eMPF, existing pension fund providers are transforming their administration and
employer services. With completed delivery expected this financial year, Wrkr will
implement the employer experience platform with modifications for the Hong Kong
market and meet regulatory changes as Link onboards Occupational Retirement
Schemes Ordinance (ORSO) schemes.
Link Group’s decision to select the Wrkr platform adds to its core administration
offering in Hong Kong and underscores its commitment to introducing new
technology and innovation to client funds. This decision leverages the combined
investments for Wrkr’s and Link Group’s deployment in Australia.
Wrkr Ltd ACN 611 202 414
Suite 1, Level 3, 104-112 Commonwealth Street, Surry Hills, NSW 2010
Wrkr anticipates the new employer experience platform will deliver a compelling
offer to Link Group’s client funds and employer groups in Hong Kong, with the
capability to not just support ORSO schemes but also to support as they navigate
significant regulatory changes under the prospective eMPF regime.
The contract is for an initial term of three years post-deployment, and the contract
provides for Wrkr to earn fees of over $3M based on the minimum number of users
for the first phase deployment. Payments are based on delivery milestones and
acceptance testing. Wrkr will focus on delivering a quality experience and work
closely with Link to increase platform usage and support Link Group’s expansion in
the region.
Trent Lund, CEO of Wrkr, expressed enthusiasm about the decision:
"We are excited to be deploying our Wrkr Platform in Hong Kong with Link Group.
The Hong Kong market is transforming, and we feel the partnership with Link Group
will lead to more opportunities in the region. This is a great example of the flexibility
of our platform today, and it is rewarding to see the investment in multi-jurisdiction
and multi-cloud capability paying off so soon.”
Authorised by and for enquiries:
Trent Lund
Chief Executive Officer
T. +61 404 570 000
E. trent.lund@wrkr.com.au
Wrkr Ltd ACN 611 202 414
Suite 1, Level 3, 104-112 Commonwealth Street, Surry Hills, NSW 2010
About Wrkr Ltd (ASX: WRK): Wrkr Ltd is a leading provider of innovative workforce
compliance solutions dedicated to delivering scalable and contemporary technology with
enhanced user security to businesses across various sectors. With a commitment to
excellence and a focus on meeting the unique needs of its clients, Wrkr Ltd continues to
drive industry transformation through its forward-thinking solutions.
This release contains forward-looking statements and information that are necessarily subject to risks,
uncertainties and assumptions. Many factors could cause actual results, performance or achievements of the
Company to be materially different from those expressed or implied in this release, including, amongst others,
changes in general economic and business conditions, regulatory environment, results of advertising and sales
activities, competition, and the availability of resources. Should one or more of these risks or uncertainties
materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those
described in this release. Except as required by law, the Company assumes no obligation to update or correct the
information in this release. To the maximum extent permitted by law, the Company and its subsidiaries and
officers do not make any representation or warranty as to the likelihood of fulfilment of any forward-looking
statements and disclaim responsibility and liability for any forward-looking statements or other information in this
release. This release should be read in conjunction with the Company’s ASX announcements and releases.
Wrkr Ltd ACN 611 202 414
Suite 1, Level 3, 104-112 Commonwealth Street, Surry Hills, NSW 2010
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