Society Pass Incorporated, NusaTrip Incorporated and Bookcabin Announce Strategic Partnership to Expand Distribution in Projected US$115 Billion Indonesia Travel Market

JAKARTA, Indonesia, Jan. 12, 2026 (GLOBE NEWSWIRE) --  (Nasdaq: SOPA) (the “Company”), Southeast Asia’s (SEA) next generation e-commerce ecosystem, and its majority owned subsidiary, (Nasdaq: NUTR) (“NusaTrip”), the leading SEA and Asia-Pacific-based (“APAC”) integrated travel technology platform, today announces that NusaTrip has formed a strategic partnership with a growing online travel agency in Indonesia.

This strategic partnership is expected to improve travel distribution in SEA by incorporating NusaTrip’s voluminous and ever-growing hotel and travel inventory onto Bookcabin’s online platform. The Company believes that regional travelers will have more accommodation choices and better rates, and hotel partners will reach a wider audience in the region. By combining NusaTrip’s distribution network with Bookcabin’s consumer platform, the partnership is expected to create new opportunities for hotels to reach regional markets and for travelers to access more choices and better value. The collaboration also reflects the Company’s long-term vision to build a more connected travel ecosystem in Southeast Asia through strong partnerships and technology-driven distribution.

Raynauld Liang, Chief Executive Officer of NusaTrip’s majority shareholder, Society Pass Inc., explained, “This regional partnership represents a significant milestone in NusaTrip’s corporate development in Indonesia as it allows both SOPA and NUTR to expand our growing network of partners in the biggest economy in SEA.”

NusaTrip Chief Executive Officer Anson Neo added, “By expanding our relationship with Bookcabin, one of Indonesia’s fastest growing online travel platforms, NusaTrip is able to widen its product offerings, projected revenue base and profit margin potential.”

With the projecting a market size of US$115 billion (or IDR 1,828 trillion) by 2034, Indonesia is one of the world’s busiest travel markets, thanks to more cross-border trips, improved air connectivity, and the growing use of digital booking. Both companies are committed to supporting this growth through reliable, efficient distribution solutions.

NusaTrip offers access to more than one million properties worldwide, including over 500,000 self-contracted hotels across SEA. As a full-service B2B wholesaler, NusaTrip connects hotels and travel suppliers with agencies, corporates, and online platforms across multiple markets.

Bookcabin is a rising online travel platform built for modern travelers, offering flight, hotel, and travel package bookings through a simple and user-friendly digital experience. With a growing presence across Southeast Asia, Bookcabin continues to expand its reach among mobile-first travelers.

About Society Pass Inc.

Founded in 2018 as an e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, (Nasdaq: SOPA) is an acquisition-focused holding company operating 3 interconnected verticals (digital media, travel, and lifestyle). Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

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About NusaTrip Inc.

Established in 2015 and headquartered in Jakarta, Indonesia, NusaTrip Incorporated is an integrated travel technology platform with geographical specialization in SEA and APAC. NusaTrip currently has more than 500 airlines and 650,000 hotels worldwide on its marketing platform. We are the first Indonesian-based online travel agent (OTA) in Indonesia to receive International Air Transport Association (IATA) accreditation. IATA gives OTA’s access to all airline fares and inventories.

As an acquisitions-focused company, mergers and acquisitions of offline travel agencies play a pivotal role in our growth strategy. We have demonstrated an ability to execute accretive and synergistic acquisitions as well as integrate and fundamentally improve our acquired businesses. We have completed acquisitions of VLeisure and VIT, both travel companies in Vietnam. We will continue to focus on the acquisition of other synergistic companies, and we are currently looking to acquire travel agencies operating in throughout SEA and APAC. We aim to bring travellers from the rest of the world to SEA and APAC (inbound travel) and bring travellers from SEA and APAC to the rest world (outbound travel).

NusaTrip completed an initial public offering and began trading on the Nasdaq under the ticker NUTR in August 2025.

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Cautionary Note Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the success of the strategic partnership. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Society Pass Incorporated’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including the trading price and volatility of Society Pass Incorporated’s common stock and risks relating to Society Pass Incorporated’s business, including the Company’s ability to develop and successfully change its business model and the Company’s ability to identify new investments and spin-off acquisitions.

Media Contact:

Raynauld LIANG

Chief Executive Officer