MClean Technologies Reports Strong 177% Growth in Profit Before Tax for Q2 FY2024

MALAYSIA, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - MClean Technologies Berhad ("MClean Technologies" or the "Company"), an established provider of precision cleaning and surface treatment solutions, is pleased to announce its financial results for the second quarter ended 30 June 2024 (“Q2 FY2024”). The Company has recorded its second consecutive profitable quarter in the financial year ending 31 December 2024 (“FY2024”), marking a significant turnaround in its financial performance.Datuk Dr. Terence Tea Yeok Kian, the Executive Chairman and Managing Director of MClean Technologies BerhadFor Q2 FY2024, MClean Technologies reported revenue of RM15.5 million, a 30% increase compared to RM12.0 million in the same quarter last year (“Q2 FY2023”). This increase in revenue is largely attributed to stronger demand for the Company’s precision cleaning and surface treatment services. Notably, the Company achieved a profit before tax (“PBT”) of RM1.0 million, a substantial improvement from the loss before tax of RM1.1 million in Q2 FY2023, due to higher revenue in the current quarter and the successful implementation of cost management initiatives.Comparing to the immediate preceding quarter (“Q1 FY2024”), MClean Technologies recorded an 18% growth in revenue from RM13.1 million to RM15.5 million, driven primarily by increased demand for its precision cleaning services. In tandem with this revenue growth, the PBT of the Company surged by 177% in Q2 FY2024, compared to RM0.4 million PBT in Q1 FY2024.For the first six months of FY2024 (“6M FY2024”), MClean Technologies reported revenue of RM28.7 million, a 19% increase compared to RM24.0 million in the same period last year (“6M FY2023”), primarily due to stronger demand for precision cleaning and surface treatment services. The Company’s PBT for 6M FY2024 stood at RM1.3 million, marking a remarkable turnaround from the loss before tax of RM2.2 million in the corresponding period of FY2023. This growth underscores the consistent demand for MClean’s services, particularly in the Hard Disk Drive (HDD) and consumer electronics sectors.With the entry of the new substantial shareholder, Accrelist Crowdfunding Pte. Ltd., a wholly-owned subsidiary of Accrelist Ltd. (“Accrelist”), on 2 July 2024, which currently holds 28.5% stake in MClean Technologies, MClean Technologies aims to leverage on the strategic partnership opportunity that is presented by Accrelist’s extensive expertise in business transformation and growth.Accrelist, listed on the Catalist Board of the Singapore Exchange, is a diversified group with interests in medical aesthetics and injection moulding services, held through its subsidiary, Jubilee Industries Holdings Ltd, which is also listed on the Catalist. With the entry of this new shareholder, MClean Technologies is exploring various synergistic strategies to increase market share, expand customer and sector opportunities, and deepen cost-efficiency efforts through enhanced expertise and talent resource utilisation.Datuk Dr. Terence Tea Yeok Kian, Executive Chairman and Executive Director of MClean Technologies said, “We are very pleased with our performance in the second quarter of 2024, which marks our second consecutive profitable quarter in the current financial year. The strong financial results reflect the hard work and dedication of our team, as well as the strategic decisions we have made to enhance operational efficiency. The successful turnaround of the company demonstrates our commitment to building sustainable growth and profitability. Our focus remains on sustaining this positive momentum and achieving long-term profitability. We are particularly encouraged by the growth in demand for our HDD solutions in Malaysia and Thailand, and we will continue to leverage our strengths to deliver value to our shareholders.”Looking ahead, MClean is dedicated to maintaining its positive momentum and focusing on long-term profitability. The management team is confident that the Company's strategic initiatives, combined with ongoing cost management efforts, will position MClean for continued success in the quarters to come.As of 27 August 2024, the share price of MClean Technologies had closed at RM0.29 as at 5:00 P.M., representing a market capitalisation of RM57.2 million.This press release should be read in conjunction with the full text of the announcement released by MClean Technologies on 27 August 2024 in relation to its interim financial statements for the quarter and six months ended 30 June 2024 which is available on the Bursa website.ABOUT MCLEAN TECHNOLOGIES BERHADMClean Technologies Berhad, is a leading provider of surface treatment, precision cleaning, and packaging services. The Company serves a diverse range of industries, including Hard Disk Drive, Consumer Electronics, and Oil & Gas. With operations in Malaysia, Singapore, and Thailand, MClean is committed to delivering high-quality and reliable services to its clients. For more information, visit http://www.mclean.com.sg/.For more information, please contact:Jazzmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizStephanie ChowTel: +60 18-314 3933Email: s.chow@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.

28 8 月, 2024

Everbright Grand China Announces 2024 Interim Results

HONG KONG, Aug 27, 2024 - (ACN Newswire via SeaPRwire.com) - Everbright Grand China Assets Limited ("Everbright Grand China" or the "Group"; HKEX stock code: 03699.HK), a subsidiary of China Everbright Group, principally engaged in the businesses of property leasing, property management and the sales of properties held for sale, announced its interim results for the six months ended 30 June 2024 ("Reporting Period").During the Reporting Period, the Group's revenue amounted to approximately RMB23.9 million, representing an increase of approximately RMB1.8 million as compared to the same period of last year (2023: RMB22.1 million). The increase in revenue was mainly attributable to the increase in revenue from management services. Profit attributable to equity shareholders of the Company amounted to approximately RMB11.4 million (2023: RMB13.3 million), representing a decrease of approximately RMB1.9 million as compared to the same period of last year, which was attributable to the decrease in valuation gains on investment properties. Basic earnings per share was approximately RMB0.03 (2023: RMB0.03). Considering that the current operating environment remains relatively challenging, the Board declared an interim dividend of RMB0.78 cents (equivalent to HK$0.85 cents) (2023: RMB1.06 cents (equivalent to HK$1.16 cents)) per ordinary share for the six months ended 30 June 2024 as a token of appreciation to shareholders for their continuous support. In the second half of the year, the Company will decide on dividend distribution taking into account factors such as business development needs, financial performance and capital position, as well as performance growth, in order to bring the best return to the Company's shareholders and investors.In 2024, following two consecutive years of slowdown, the global economy is in the process of returning to a "normal" state, although growth remains relatively subdued with weakening momentum. Challenges such as interest rate hikes in Europe and the United States, decreasing inflation, and geopolitical risks have added uncertainties to the outlook for recovery. Despite this, the Chinese economy began the year positively in the first half of 2024. While growth momentum has softened, economic operations have remained relatively stable, showing signs of gradual improvement. The Group primarily manages commercial properties and has been attentively monitoring market developments and actively deploying strategies to carefully assess market conditions, adjust rental rates reasonably and seize opportunities to develop new tenants.Property LeasingThe continued recovery in consumer spending is set to become the core driver of economic growth in China in 2024, boosting demand for leasing in the commercial property sector. During the Reporting Period, rental income amounted to approximately RMB16.3 million (2023: RMB16.2 million), representing an increase of approximately RMB0.1 million as compared to the same period of last year. During the period, the average occupancy rate of the properties was approximately 77% (2023: 73%).Property Management ServiceFollowing unprecedented economic challenges, the development strategy of property management enterprises has undergone a significant transformation. Their strategic direction has become more prudent, shifting away from blind pursuit of scale expansion. The Group emphasizes the refinement and enhancement of service quality while adopting a "stabilize before expand" approach, aiming to maintain stable cash flow and business growth. During the Reporting Period, revenue from property management services amounted to approximately RMB7.6 million (2023: RMB5.9 million), representing an increase of approximately RMB1.7 million as compared to the same period of last year, which was mainly attributable to the increase in revenue from value-added management services.Investment PropertiesAs at 30 June 2024, the fair value of investment properties amounted to RMB962.3 million (31 December 2023: RMB959.5 million). The valuation gain on investment properties for the six months ended 30 June 2024 amounted to RMB1.0 million (2023: RMB5.4 million), representing a decrease of approximately RMB4.4 million as compared to the same period of last year.As at 30 June 2024, the Group held cash and bank balances of approximately RMB223.3 million (31 December 2023: RMB222.2 million). The Group's gearing ratio (measured as the Group's total liabilities divided by total assets) was 18.1% (31 December 2023: 18.6%) with a solid liquidity position.In the first half of 2024, the Group's tenant and leasing contracts and occupancy rates continued to remain stable. Meanwhile, the Group maintained a healthy financial position with zero debt and strong cash flow during the period under review. In light of the promising domestic and international environment, the Group will continue to focus on property investment in the future, and prudently identify suitable new investment projects with potential for long-term returns.ProspectsAs innovation in the digital economy continues to progress, China is actively driving its digital transformation. Property management companies are undergoing hardware upgrades and software enhancements to leverage intelligent technologies for operations simulation, optimized staffing, and the proactive advancement of industrial transformation. These enterprises have successfully implemented digital operations across various scenarios. With the ongoing evolution of technologies like artificial intelligence, it is anticipated that property management companies will soon experience the practical application of these advanced technologies, potentially elevating their service quality and management capabilities to new levels.Looking forward, the Group intends to uphold a prudent business strategy, emphasizing quality and steady progress. In additon, it will actively align with national policies, carry out effective initiatives to maintain market value, prioritize risk management and internal controls, and strive to generate long-term and sustainable value for shareholders. By actively adapting to national policies and industry shifts, the Group aims to expand its brand influence within the property management sector, ultimately creating greater societal value.- End - Copyright 2024 ACN Newswire via SeaPRwire.com.

28 8 月, 2024

AAC Technologies’s CFO Guo Dan: Expects 15% Growth in Revenue of Main Business

HONG KONG, Aug 27, 2024 - (ACN Newswire via SeaPRwire.com) - On August 22, AAC Technologies (02018.HK) held its 2024 interim results presentation in Hong Kong, delivering remarkably impressive performance.According to the Interim Report, in the first half of 2024, AAC Technologies achieved a revenue of RMB 11.25 billion, hitting a new high since its listing, with a year-on-year revenue growth of 22.0% and a gross profit margin of 21.5%, up by 7.4 percentage points year-on-year. The net profit amounted to RMB 537 million, representing a significant increase of 257.3% year-on-year. Notably, PSS, which was announced to acquire last year, contributed a consolidated revenue of approximately RMB 1.5 billion in the first half of the year, with a gross profit margin of approximately 25.0%.During the interview, Ms. Guo Dan, the CFO of AAC Technologies stated that in the first half of 2024, all business segments of AAC Technologies made positive progress, significantly enhancing profitability and maintaining a continuous growth in gross profit margin. More importantly, the performance of the interim results indicated the potential growth value brought by the Company’s strategic transformation. It is expected that the operating revenue of the Group (excluding PSS) for the year will increase by 15% compared to last year. Additionally, the consolidation of PSS is expected to contribute approximately RMB 3 billion. Overall, the total revenue of the Group for 2024 is projected to grow by over 30% year-on-year, with a gross profit margin in the range of 22% to 25%.Benefitting from the surge in AI smartphone upgrades in the next 1-2 yearsAt the interim results presentation, AI smartphones took center stage as a key topic. Guo Dan believes that AI smartphones are still in the early stages, with software-driven enhancements propelling hardware upgrades. There has already been a trend of increased shipments and overall improvement in ASP for product categories such as acoustics, mechanics and microphones. Looking ahead, with the further development of AI smartphones and functionalities, hardware component is expected to continue to advance in the coming years.“AI smartphones have great potential for innovation. In the next 1-2 years, we will see some changes, with an acceleration of changes in the 3-5 year period, bringing us many opportunities and driving multiple product lines,” Guo Dan stated. She cited examples such as new trends in hardware like foldable and ultra-thin form factors, and the Company's unique innovative speakers, and Combo (two-in-one product, which integrates a speaker and an actuator) can better meet market demands.Moreover, AI smartphones have higher power consumption and require better heat dissipation solutions. AAC Technologies has industry-leading advantages from material sourcing to lean manufacturing processes and simulation design. Additionally, as the demand for human-machine interaction in AI smartphones increases, requiring more precise voice commands and functionalities, this will further drive the Company’s MEMS microphone upgrades, boosting prices and profit margins.The Group’s overall gross profit margin is expected to increase to 22%-25% for FY2024Guo Dan revealed that with the seasonal impact of more new product releases in the second half of the year, performance is expected to be stronger than the first half. It is anticipated that the full-year business performance (excluding PSS) will achieve a growth of over 15% compared to last year. With PSS contributing approximately RMB 3 billion, the Group’s revenue in 2024 is projected to grow by over 30% year-on-year, with the comprehensive gross profit margin increasing from 21.5% in the first half of the year to a range of 22%-25%.“Since the second half of last year, the entire industry has entered a healthy trend of increasing specifications and configurations. The Company has seen improvements in ASP and overall profit margins in areas such as acoustics, optics, and mechanics,” Guo Dan stated. Particularly in the automotive sector, there will be a steady growth trend in the medium to long term. "It can be said that AAC is now a company with multiple growth drivers and solutions across various platforms. As we forecast the overall growth for the next few years, we maintain a positive outlook.”The acoustics business is expected to exceed a scale of RMB 10 billion and build a comprehensive user experience across all scenariosGuo Dan mentioned that the gross profit margin of AAC Technologies’ acoustics business has resumed to a healthy growth trajectory. The gross profit margin in the first half of the year was 29.9%, and it is expected to rise to over 30% for the full year.“At the interim results presentation, the Company’s management also discussed how AAC Technologies, originally a micro-acoustic supplier for consumer electronics, has further established industry standards for a comprehensive user experience across all scenarios through the acquisition of PSS. Acoustic solutions will be a key driver for the next phase of growth in the acoustics business. In terms of scale, the acoustics business is the Company’s first to exceed a revenue scale of over RMB 10 billion, and in the next five years, we can expect this important business line with a revenue scale of RMB 20 billion and a sustainable gross profit margin of over 30%.”Definite progress in the WLG projects of multiple key customersIn terms of the optics business, Guo Dan believes that the optics market has transitioned from a relatively competitive state a few years ago to a period of healthy development.The gross profit margin for optics in the first half of the year was approximately 5%, with plastic lens gross profit margin at 16-17%. Shipments of 6P and higher specification lenses accounted for 15%-16% of total shipments, with expectations of reaching 15-20% in the second half of the year. “In terms of value, it has already surpassed 30% or even 35%, which reflects our technical capabilities, customer coverage, and recognition.”Guo Dan disclosed that AAC Technologies’ gross profit for optics will further improve in the second half of the year. “It is foreseeable that the profit for a single quarter will turn positive, with a high probability of occurring in the fourth quarter. Overall profitability will see significant improvement compared to last year, with continued steady growth in the future.”“Especially with G+P glass-plastic hybrid lenses and WLG lens products, there have been definite advancements in major projects with several key customers,” Guo Dan stated. The industry now widely acknowledges that G+P glass-plastic hybrid lenses are indeed a superior solution. The Company’s unique WLG technology finds applications in areas such as smartphones and automotive, creating value across multiple domains. “Next year, G+P glass-plastic lenses and WLG single lenses will gradually become one of the most crucial technologies and value supports in the entire optics business, with many deliveries to customers aligning with our expectations for WLG technology investments.”The interim results performance reflects the Company’s long-term growth value“Looking at the first half of this year, the electromagnetic actuators and haptic business have already reached a gross profit margin of approximately 30% with the optimization and upgrade of product portfolios on the Android side, and this healthy level is expected to be sustained in the future,” Guo Dan stated. With the boost from the development of new products like actuators and drives, this sector is poised to return to a high-growth trajectory.“At the interim results presentation, the Company's management also mentioned that in the heat dissipation segment, AAC Technologies achieved a business scale of RMB 150 million in the first half of the year, with a gross profit margin of over 30%. With the development of AI-enabled applications, the scale is expected to exceed RMB 1 billion in the future. When combined with precision mechanics, the overall scale could reach RMB 5 billion and potentially even surpass RMB 10 billion in the long term.”“Additionally, the overall gross profit for the sensor and semiconductor business will continue to increase in the second half of the year,” Guo Dan mentioned. Over the next two to three years, driven by factors such as the value enhancement brought by AI smartphones, the advantages brought by the Company’s resource platform, and the increase in self-developed product penetration rates, the sensor and semiconductor business is expected to experience rapid development.Guo Dan concluded, “At the interim results presentation, the management also pointed out that this performance has shown investors that AAC has achieved revenue growth, as well as gross and net profit improvements through strategic transformation at the current stage. However, more importantly, the interim results implied the long-term growth value of each major business line, and we encourage everyone to focus on the certainty of sustained long-term growth.” Copyright 2024 ACN Newswire via SeaPRwire.com.

28 8 月, 2024

VCREDIT 2024 Interim Results

HONG KONG, Aug 27, 2024 - (ACN Newswire via SeaPRwire.com) - VCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading independent online consumer finance provider in China, announced its unaudited interim results for the 6 months ended 30 June 2024 (the "Period").In the first half of 2024, faced with a continuously sluggish macroeconomic condition and weakened consumption and credit demand, the Group promptly adjusted its operating strategies by tightening risk control to mitigate borrower credit risk and asset quality depreciation, while also implemented cost control measures to improve operational efficiency. Loan origination volume in the Period recorded RMB 27.02 billion.During the Period, to enhance risk control, the Group utilised new data sources to upgrade through iterations its risk model, and also adjusted its credit line policies to lower the average risk exposure at the customer level. By applying a more comprehensive dimensions for assessing borrower characteristics, the Group improved the quality of its approval process. These updates have enabled the Group’s ongoing targeting of higher-quality borrowers in terms of assets, achieving a balance between short-term risk and long-term returns.Launching the ‘Sunbird AI Hub’ AI large model, investing in technology to enhance operational efficiencyArtificial intelligence (AI) technology is developing rapidly, and the Group is actively investing in research and development in this area, and thus applied AI in its business technology to improve operational efficiency. In the first half of 2024, the Group officially has launched the its AI large model ‘Sunbird AI Hub’, and deployed it across several aspects of business. ‘Sunbird AI Hub’ can summarise large amounts of dialogue texts, and significantly improve the quality of customer service statistics and quality control through its application to intelligent credit. It is also aiding in code generation by helping R&D staff to focus on the design and improvement of data structure and system architecture.In the office setting, AI is being utilized with VQuickMind 2.0 which was put into service during the Period. VQuickMind 2.0 enables employees to create content in addition to the original question-and-answer interaction function, thus improving office efficiency. Other AI initiatives during the Period include an iterative upgrade of our core risk control system Hummingbird with the help of AI technology in the field of specialised modeling, thereby improving the operational efficiency of our risk control and reducing operational risks by revamping the rules engine.Diversify customer acquisition channels to acquire high-quality new customers, optimise user experience to maintain customer loyaltyThe Group actively expanded the network of high-quality customer acquisition channels and enhanced customer acquisition efficiency. During the Period, the Group reached cooperation agreements with leading food delivery platforms and other high-quality channels which better enable us to enhance customer interaction and to acquire new high-quality customers. As of June 2024, our cumulative number of registered users reached 149.1 million, an increase of 9.8% over the first half of 2023.Apart from acquiring new high-quality customers, the Group continued to optimise its existing user operation strategy. The Group has upgraded services at various points in the business process to shorten the time taken to issue and disburse loans and reduce the operation path for users, to provide users with a safer and more convenient and caring user experience. In the first half of 2024, repeat customers accounted for 89.5% of total loan volume.Continuously strengthen cooperation with external funding sources, implement multiple measures to reduce financing costsAs of June 2024, the Group have established long-term relationships with 109 external funding partners, including national joint-stock commercial banks, consumer finance companies and trust funds, etc., thus growing a rich and diversified funding pool. In addition, the Group also improved capital management with the construction of the VCREDIT fund management platform system, which continuously improves the efficiency of its funding operation, and steadily reduces the cost of funds.Develop new business beyond mainland China, CreFIT partners with China Mobile Hong KongApart from developing the existing consumer finance business, the Group also consolidated new business initiatives outside of Mainland China. In May 2024, its Hong Kong-based online consumer finance brand ‘CreFIT’ became the first money lender in Hong Kong to cooperate with China Mobile Hong Kong to provide consumer finance products to their customers. CreFIT will look for opportunities to align with additional quality customer acquisition channels and develop mutually beneficial cooperation across cross-industry online platforms and widen access to users with a tailored instalment experience that can truly match real consumer finance scenarios.OutlookIn order to contribute to further growth in consumer finance business and fulfil the financial needs of high-quality customers, the Group will continue to hone business strategies and upscale technology. In addition to growing the existing consumer finance business in China, the Group will also look to expand and diversify its business strategies by investing or collaborating in or acquiring similar, related, or complementary businesses and industries in other jurisdictions including Hong Kong, South-East Asia and Europe. The Group will continue to review potential investment opportunities and business prospects on a constant basis and make suitable investments and acquisitions as opportunities occur.In addition, the Group intends to continue to execute these strategies to maintain its growth in the industry, including streamline and extend its credit solutions to better serve its customers to improve brand recognition and loyalty and creditworthiness of its customer base; enhance risk management capability through deployment of evolving technology and artificial intelligence; strengthen long-term collaborations with licensed financial institutional partners and other business partners; ensure its business is conducted within applicable regulatory parameters to achieve regulation-centric sustainability; review and assess potential business prospects and invest or collaborate in or acquire similar, related or complementary businesses and industries in China and other jurisdictions; cultivate a dynamic enterprise value and culture and grow its in-house talents.About VCREDIT Holdings LimitedVCREDIT Holdings Limited (VCREDIT) is a leading independent online consumer finance service provider in China. With 18 years of experience in consumer finance innovation, the Group has established a cutting-edge position in credit risk quantification and intelligent risk management, which are core to financial services. VCREDIT's proprietary "Hummingbird" risk management system and smart lending robot provide state-of-the-art integrated solutions to licensed financial institutions, allowing them to offer customized, accessible financial services to underserved borrowers across China. VCREDIT made its debut on the main board of the Hong Kong Stock Exchange on June 21, 2018, with the ticker symbol 2003.HK. Website: https://en.vcredit.com/en-us Copyright 2024 ACN Newswire via SeaPRwire.com.

28 8 月, 2024

GTJAI Announced 2024 Interim Results

HONG KONG, Aug 27, 2024 - (ACN Newswire via SeaPRwire.com) - GTJAI announced its interim results for the 6 months ended 30 June 2024. Although the global uncertainties continuously impacted the capital market in Hong Kong, the Group maintained stringent control over risks, vigorously enhanced its comprehensive financial service capabilities and product diversification driven by client demand, achieved an outstanding performance with revenue and profit achieved an overall increase, revenue increased significantly by 41% YOY to HK$2,171m, profit attributable to ordinary equity holders increased significantly by 63% YOY to HK$195m. To reward investors for their long-term recognition and support, the Company maintained a high payout ratio and declared an interim dividend of HK$0.012 per share, payout ratio reached 59%.Dr. YIM Fung, Chairman and Executive Director, stated, " Despite the presence of market uncertainties, the Group adhered to the development principles of “pursuing progress while ensuring stability, promoting stability through progress, advancing through pragmatic implementation”, vigorously enhanced comprehensive financial service capabilities and product diversification. The revenue (by income nature and by business segment) achieved an overall growth, demonstrating the success of diversified and integrated development. In the future, the Group will continuously develop wealth management and institutional business, adhere to the development direction based on customer demands, provide customers with more diverse products and services, build a leading comprehensive financial service platform, and achieve steady and sustainable growth."Keep up with market trends and client demand, and continuously strengthen wealth management service capabilities Facing the ever-changing market, the Group offers a variety of financial products and services to help clients preserve and generate their wealth. Through digital transformation, the Group continuously enhances the trading and wealth management experience, with the one-stop global investment application "Junhong Global" constantly updating new features, and introduced a new wealth management channel. In the first half of 2024, the Group pioneered the launch of virtual asset spot Exchange Traded Funds (ETFs)-linked structured notes in the Hong Kong market, adding new features to its diversified products and services. At the same time, the Group responded to Hong Kong's CIES program by providing solutions for investment immigration, with three of its public funds have been included in the eligible collective investment schemes of CIES and registered in Macao, expanding the customer base.Corporate finance business deploys in key industries, and debt underwriting business maintains its leading position in the industryIn the first half of 2024, the Group achieved significant growth in bond underwriting business, participating in 113 bond issuances, marking 82% YOY increase, with the total issuance size reaching HK$187.7b, 170% YOY increase, and ranked second among Chinese securities firms in terms of the underwriting scale of offshore bonds. In equity business, leveraging synergies with the parent company, the Group focused on key industries such as new energy, robotic, and intelligent driving, so as to optimize its business structure. During the period, the Group successfully assisted SenseTime Group in completing over HK$2b new Class B share placement, marking its first equity refinancing since its IPO.Accelerate the development of green finance service capabilities, actively promote green and low-carbon developmentThe Group has always adhered to the belief of “finance for the country, finance for the people, finance for the good”, by integrating and deepening the ESG concepts into daily business operations and management, and striving to build a responsible integrated financial service platform. In the first half of 2024, the Group achieved 438% YOY significant surge in the scale of ESG bond issuance business, reaching nearly HK$70b. Additionally, on the basis of the decline in total greenhouse gas emissions for four consecutive years, the Company has successfully offset the carbon emissions for the year 2023 by purchasing carbon credit assets of the verified carbon standard (VCS) forestry projects, achieving “carbon neutrality” at operational-level for the second consecutive year. Moreover, the Group has completed the Hong Kong and Mainland China’s first multi-currency sustainability-linked loan in the securities industry, and the first green deposit of the Group, actively promoting sustainable development for itself and the industry from multiple perspectives.OutlookIn the second half of the year, the Group will continue to maintain a stable and pragmatic development strategy, actively seize market opportunities, enhance its core business capabilities, optimize its revenue structure, and ensure high-quality and sustainable development of the Company. The Group will adhere to a client-demand-driven business development approach, and vigorously develop wealth management business. On one hand, it will accelerate the digital intelligent transformation, continuously optimize the functions of the investment application, “Junhong Global”, so as to create a convenient and efficient one-stop trading and wealth management platform for clients. On the other hand, it will actively enrich the variety of products to assist high-net-worth clients in transforming their high-end asset allocation. The corporate finance business will continuously deepen the synergistic effect with the parent company, deepen its advantages and professional capabilities in key industries, and serve the overseas financing needs of high-quality enterprises. Meanwhile, the Group will fully capitalize on regional synergies and provide institutions, corporations and individual clients with comprehensive and integrated financial services by giving play to the distinctive advantages of its subsidiaries in Singapore, Vietnam and Macao.- END – Copyright 2024 ACN Newswire via SeaPRwire.com.

27 8 月, 2024

2024 Interim Report of Wuling Motors (0305.HK)

HONG KONG, Aug 27, 2024 - (ACN Newswire via SeaPRwire.com) - On August 22, Wuling Motors (0305.HK) released its 2024 interim results. For the first half of the year, Wuling Motors reported total revenue of RMB 3.946 billion, with a gross profit margin of 10.8%, up about 270 basis points from 8.1% in the same period of 2023. The profit for the period was RMB 21.125 million, representing a 72.3% year-on-year increase.Despite intensified market competition and pressures from industry transformation, the automobile sector showed an overall upward trend in the first half of the year. From January to June, revenue in China's automotive industry reached RMB 4.767 trillion, reflecting a 5% year-on-year increase. The growth in vehicle production and sales also improved profitability for upstream industry chain companies. Wuling Motors' latest results are notably strong.Steady Profit Growth and Synergistic Development Across Three Major SectorsWuling Motors primarily offers commercial vehicles, automotive power systems, and automotive parts. Benefiting from the robust development of the global automotive industry chain, these three major sectors have advanced in tandem, driving revenue and profit growth for Wuling Motors.Breaking down the performance of each sector:1/ Automotive Power Systems: By focusing on upgrading traditional fuel vehicle engines and developing new energy power systems, Wuling Motors has maintained its established customer base while securing new orders for high-efficiency and cost-effective HEV hybrid assemblies. This approach combines traditional power technology upgrades with new energy power integration. In the first half of the year, revenue reached RMB 902 million, with casting product sales totaling 515,000 units, up 26.2% from the same period in 2023.2/ Automotive Parts: Wuling Motors has continued mass production of key NEV components such as electric drive axles, motors, and electronic controls, achieving breakthroughs in both products and customer acquisition. In the first half of the year, sales to new customers amounted to RMB 1.042 billion, accounting for 38.6% of the total revenue in this segment. The share of revenue from customers outside SGMW increased to 38.6%. Various new energy electric axles have been used in projects for Great Wall Motor, JAC, and BAIC Qingdao. The first commercialized electric drive coaxial axle for the Changan Kaicheng market has already entered mass production. Wuling Motors' parts products are gradually moving toward mid-to-high-end markets, capturing trends in high-end and intelligent products, and expanding its diverse customer base, supporting further performance growth.3/ Sales and Manufacturing of Commercial Vehicles: Following last year's restructuring and strategic adjustments, Wuling Motors' commercial vehicle business has expanded into international markets and promoted new products. Currently, NEVs such as logistics vehicles, sightseeing buses, and patrol vehicles have been exported to countries including Vietnam, Singapore, Thailand, the United States, and Australia. In 2024, the company's global expansion continued with its first export to Egypt, delivering 200 vehicles. As Wuling Motors accelerates the development of new energy and intelligent products, it creates new growth opportunities for commercial vehicle revenue, contributing to overall performance growth.Each sector shows varying degrees of success, and Wuling Motors' continued optimization of product structure, commitment to technological innovation, and cost control measures have established stable profitability.Notably, the synergy between the commercial vehicle, automotive power system, and automotive parts sectors has created significant benefits along the industry chain. With factories in Guangxi, Shandong, Chongqing, and Hubei, Wuling Motors now has an annual production capacity of over 2 million sets of automotive parts. The Jingmen Base, dedicated to supporting Great Wall Motor, generated RMB 333 million in revenue in the first half of the year, with promising future potential. The combination of industry chain and technological advantages enables Wuling Motors to maintain leadership in product quality, cost, and scale, providing strong brand competitiveness and resilience through industry cycles.Creating new high quality productive forces and accelerating overseas expansionNew energy, exports, and intelligence are emerging as key drivers of performance for China's automotive industry chain. Strengthening China's new energy vehicle industry chain is closely linked to enhancing productive forces with higher quality.In the context of balancing energy security and achieving "dual carbon" goals, coupled with policies promoting large-scale vehicle trade-ins to stimulate automotive consumption, the new energy vehicle market is showing steady growth and increasingly high-quality development.According to data from the China Association of Automobile Manufacturers (CAAM), from January to June 2024, production and sales of new energy vehicles reached 4.929 million and 4.944 million units, respectively, marking a year-on-year increase of 30.1% and 32%. Domestic sales totaled 4.339 million units, up 35.1% year-on-year; exports were 605,000 units, up 13.2%. The total sales of new energy vehicles in China for 2024 are expected to reach 11.5 million units, indicating strong growth momentum.Wuling Motors is continuously strengthening its layout in the new energy sector across its three main business segments. In the long term, this will provide sustained new growth driver for its performance. From the current customer group perspective, Wuling Motors has accumulated a sufficient number of new energy customers. In addition to major client SGMW, there are well-established new energy automotive companies or emerging companies such as Great Wall, Chery, Geely, Foton, and Hozon. Furthermore, Wuling Motors is actively implementing a diversified customer policy and achieving outstanding results. For example, in the first half of the year, its independently developed new energy parts products made significant breakthroughs in securing overseas clients, successfully completing the development and supply of rear drive axle assemblies and driving system assemblies for the first new energy passenger car exported to Vietnam. As automotive enterprises expand their production and sales targets in 2024 compared to last year, this will undoubtedly create growth opportunities and drive comprehensive business growth for Wuling Motors.Furthermore, the new energy vehicle industry will inevitably move towards high-quality development. Recently, the profit margins in the automotive industry have shown a downward trend. However, a positive change this year is that several automotive enterprises have exited the "price war" and are focusing more on the business quality. As the automotive industry enters a phase of healthy development, the whole industry chain is expected to move toward common prosperity, and Wuling Motors' profitability is likely to further improve.In addition, Wuling Motors is actively striving to expand internationally and seize overseas development opportunities. In March of this year, Wuling Motors established an innovation center in Hong Kong. It is understood that the vision of the Wuling Motors Innovation Center is to be based in Hong Kong, leverage resources from the mainland China, and serve a global market. Its business includes forward-looking R&D, parts development, automotive intelligence and digital services, international sales services, and industrial incubation.The establishment of this innovation center will effectively enhance Wuling Motors' technological strength and product competitiveness. As Hong Kong serves as an excellent window for the mainland China to expand its new energy business overseas, Wuling Motors will be able to more efficiently reap the benefits of global market development, drive the growth of related companies' overseas sales of new energy vehicles, and achieve rapid improvement in its own performance.Looking ahead to the prospects of the overseas market, recent research reports indicate that in the passenger car sector, the market share of self-owned brands is gradually increasing, and the product exports is changed to capacity exports, with a high sustainable growth of export. The internationalization of China's commercial vehicles is rapidly advancing. In 2023, the total export volume of China's commercial vehicles reached 770,000 units, tripling compared to 2017.China's automobile exports, particularly commercial vehicles, are experiencing rapid growth. Recent data suggests that by 2024, China's automobile exports could reach 6 million units, representing a 15%-20% increase. Commercial vehicle exports are expected to reach 850,000 units, with a 15% growth rate. This growth indicates a significant acceleration in the internationalization of China's automotive industry, providing Wuling Motors with more opportunities to secure vehicle and core component orders, thereby boosting its performance to a new level.Summary:In summary, Wuling Motors exhibited robust business performance in the first half of this year, and its strategic layout is steadily progressing, which will continue to yield operation outcome.This year marks a significant moment for the development of new energy vehicles in China. In July, the monthly retail sales penetration rate of domestic new energy passenger cars exceeded that of traditional fuel vehicles for the first time, indicating that new energy vehicles have truly become mainstream. Moreover, Wuling Motors has accumulated ample industry experience, a solid customer group, and technological strength. As a result, its new energy layout and future potential will gain market recognition. Transitioning from the era of fuel vehicles to that of new energy vehicles, Wuling Motors is experiencing a leap in its intrinsic value. Copyright 2024 ACN Newswire via SeaPRwire.com.

27 8 月, 2024

CleverTap’s AI-based Recommendation Engine helps Eatigo achieve 100% growth in reservations

San Francisco, Calif, & Mumbai, India, Aug 27, 2024 - (ACN Newswire via SeaPRwire.com) - Award-winning online restaurant reservation platform Eatigo, collaborates with CleverTap - the all-in-one engagement platform, to enhance customer engagement and boost reservations. Through CleverTap’s AI-powered recommendations engine, Eatigo was able to offer its users relevant and timely recommendations with precision, ensuring higher conversions. The platform's orchestration and analytics capabilities enabled Eatigo to coordinate complex, multi-channel marketing campaigns at scale and track the performance of its campaigns. Set up in 2013 with a mission to “connect empty tables with empty stomachs”, Eatigo is a leading online reservation platform. The brand has expanded rapidly, seating over 6 million diners, and accumulated over 6000 restaurants across Hong Kong, Singapore, Thailand, Malaysia, and the Philippines.By harnessing CleverTap’s AI/ML-powered capability suite: Clever.AI, Eatigo was able to hyper-personalize its engagement through more than 10 automations and nearly 100 journeys. As a result, Eatigo’s users were 2X more likely to make reservations. Additionally, CleverTap's Liquid tag and journey features enable Eatigo to create omni-channel experiences capturing diner’s attention and driving reservations. Commenting on the collaboration, Surakan Kittiperakorn, Regional Marketing Lead, Eatigo said, “Collaborating with CleverTap has granted us access to their comprehensive and dynamic suite of capabilities, enabling us to achieve our goals and grow our business in the Southeast Asia region. Utilizing CleverTap for local campaigns has helped us craft personalized marketing campaigns and messaging that resonates deeply with our users. The precision and efficiency of their AI-powered recommendations have significantly boosted our engagement metrics, allowing us to connect diners with the perfect dining experiences. We are excited about the future and look forward to continuing to innovate and grow with the support of CleverTap's robust platform.”Sidharth Pisharoti, Chief Revenue Officer, CleverTap, said, “In today’s highly competitive restaurant industry, customer engagement and personalized experiences are crucial for success. At CleverTap, we understand the unique challenges faced by businesses in this sector and are committed to providing innovative solutions that drive growth and customer satisfaction. Our AI-powered platform enables companies like Eatigo to harness the power of data to create tailored marketing strategies that resonate with their audience. We are thrilled to support Eatigo in their mission to enhance the dining experience and are excited to see the impact our collaboration has had on their reservation rates." Eatigo leveraged CleverTap’s AI-based recommendation engine to tackle a few obstacles. When the customer cancels their reservation, the engine comes up with 5 other options to increase conversion rates. If another user scrolls through the options but doesn't make a reservation, the engine offers custom suggestions to convince them. Furthermore, CleverTap’s engine proactively reaches out to customers who made their last reservation a month ago, via a multi-channel approach to increase the chances of their return to the app. About Eatigo Eatigo, founded in 2013, is committed to connecting "empty tables with empty stomachs" by providing a rich selection of dining options through its online reservation platform. With a strong presence in Southeast Asia, Eatigo serves regions such as Hong Kong, Singapore, Thailand, Malaysia, and the Philippines.By offering time-based discounts of up to 50%, Eatigo enables diners to enjoy high-quality dining experiences at affordable prices. Its unique, time-slot-based yield management solution also helps restaurants increase revenue during off-peak hours. In 2023, Eatigo merged with FunNow, joining the FUNNOW Group and further solidifying its leadership in the lifestyle booking and digital services sector.About CleverTapCleverTap is the leading all-in-one customer engagement platform that helps brands unlock limitless customer lifetime value. CleverTap is trusted by over 2000 brands like Domino’s, Levis, Jio, Papa John’s, Zomato, Kotak Bank, Air Asia, Carousell, TD Bank, and Tesco to help build personalized experiences for all their customers. The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering speed and cost efficiency at scale.Backed by top-tier investors such as Accel, Peak XV Partners, Tiger Global, CDPQ and 360 One, the company is headquartered in San Francisco, with presence across Seattle, London, São Paulo, Bogota, Mexico, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, Vietnam, and Jakarta.For more information, visit clevertap.com or follow us on:LinkedIn: https://www.linkedin.com/company/clevertap/ X: https://twitter.com/CleverTap Forward-Looking StatementsSome of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.For more information:SONY SHETTYDirector, Communications, CleverTap+91 9820900036sony@clevertap.com IPSHITA BALUConsultantArchetype+91 9590111798ipshita.balu@archetype.co Copyright 2024 ACN Newswire via SeaPRwire.com.

27 8 月, 2024

Verofax secures $3M in Bridge funding to deploy AI & AR experiences to tourists and sports fans

ABU DHABI, UAE, Aug 27, 2024 - (ACN Newswire via SeaPRwire.com) - Verofax Limited, a Web3 services company, today announced closing a $3M bridge round led by international investors Plug & Play Tech Center, Navig8 Group, King Abdullah University for Science and Technology, Trove Capital UK follow-on investment, Jawa Brothers Advisory, with Alzamil Pedco CVC and Tracecore CVC completing the list of investors.Verofax applies patented Web3 technologies such as Blockchain, Augmented Reality and Artificial Intelligence to provide 'Elevated tourist, shopper and brand marketing experiences', enabling destinations, retailers and sports stadiums to turn their experiences interactive and drive conversion and social virality. Brands can reach customers directly, thereby increasing consumer intimacy with direct engagement and leveraging gamification for unmatched results from AI & AR experiences. Verofax has won many awards for the application of artificial intelligence for tourism and retail and has achieved sales to date of over $3M for Fortune 100 companies across 50 markets globally.The funds will be used to execute the Company's pipeline of projects in the Middle East and EU, notably AI-powered guides in GCC and Sports fan guides in the EU and North America. Verofax solutions apply to various industries (Retail, Tourism and Sports) and are already used by leading brands such as Anheuser Busch Inc and Emirates Airlines. Verofax is a Microsoft Native partner and has secured a global network of distributors and resellers, co-selling on enterprise solution platforms such as Microsoft Azure Marketplace, Amazon AWS, and other platforms.Wassim Merheby, CEO of Verofax, said, "Our solution helps Tourists elevate their experiences, unlock personalized discounts and Offer gamified 'Explore to win' sponsored games in Augmented reality. This allows enterprises and brands to sponsor and elevate their marketing efficiency, power direct-to-consumer communication and deliver amazing experiences to drive growth and boost loyalty. We are thrilled to be joined by strategic investors that will help us accelerate our AI guide solution and AR gamified experiences and grow through their collective network and with their advice."Abdullah Alakeel, Country Director of Plug & Play Saudi, said: "Our recent investment in Verofax demonstrates our unwavering commitment to supporting the most promising startups within the Kingdom and the broader region. As one of the world's most active and successful early-stage tech investors, we are fully dedicated to nurturing the Kingdom's entrepreneurial ecosystem. We are thrilled to witness the transformative impact that Verofax will continue to make within the Tourism industry."Mr Ian Campbell, Vice President of the National Transformation Institute (NTI), said, "KAUST is mandated to accelerate the digital economy in the Kingdom as part of the University's forward vision, leveraging KAUST science and innovation to make an impact beyond the walls of the campus itself and to create collaborations and identify opportunities where KAUST can contribute by convening minds and resources together to deliver solutions to benefit the wider Kingdom and beyond. The application of AI in tourism, customer service and beyond are applications that fall within our investment mandate."Jamal Jawa, Managing Partner of Brothers Advisory, said, "Our investment thesis is to support growth startups that leverage the latest technologies such as AI / AR and Web3, setting new service categories. We have been incredibly impressed by Wassim and the whole Verofax team and are thrilled to be making this our first investment in a Pre-Series A startup in the GCC region".About VerofaxVerofax is a Web3 Asset Digitization and mixed-reality experience solution provider with a presence across North America, Europe, Asia and MEA regions. The Verofax solution is available across multiple cloud marketplaces, such as AWS & Microsoft Azure, to power tourism and retail personalized, immersive experiences with ease to boost customer loyalty and repurchase rates. Verofax boasts investment and support from 500 startups, including Sanabil Investments (PIF), and has received government grants to develop its IP globally. For technical matters, visit Verofax at https://www.verofax.com or contact info@verofax.com.About Plug & Play Tech CenterPlug & Play Tech Center is the most significant innovation platform in the world, supercharging innovation of over 500 industry-leading corporations by keeping them at the forefront of industry trends through PnPTC corporate Accelerator programs. Plug & Play runs over 100 industry-focused accelerator programs in over 50 locations globally and invests in over 250 companies a year alongside the world's best VCs. For more information, visit https://www.plugandplaytechcenter.com.About KAUSTKAUST is an international graduate-level science and technology research university located on the shores of the Red Sea in Saudi Arabia. Home to world-class faculty, scientists, engineers, and students from around the globe, the campus's 10 research centers focus on solving problems related to water, food, energy, and the environment. Students can access state-of-the-art labs and our eminent faculty while obtaining a diverse graduate study experience. Visit https://www.kaust.edu.sa/en/ or #KAUSTPortfolio for more information.About Jawa Brothers AdvisoryJawa Brothers Advisory, Owned and Managed by the Jawa Family, has been an Active Investor in the field of Private Equity for more than three decades. The group invests primarily through interests in limited partnership positions, Leveraged Buyout (MBO and LBO), Growth and Expansion Capital Private Equity Funds and Late Stage Venture Capital Funds. Funds are selected based on a clearly defined set of criteria. The company's disciplined and discerning investment professionals perform exceptional due diligence, studying the industry to identify specific opportunities and trends. Jawa Brothers Advisory is part of Starling Group. Visit https://www.starlinggroup.com/ for more information. Learn more at https://www.verofax.com or contact Verofax at info@verofax.com. Copyright 2024 ACN Newswire via SeaPRwire.com.

27 8 月, 2024

Martechvibe to Host Unlocked: Mobile & App Growth Summit in Singapore on September 5, 2024

SINGAPORE, Aug 27, 2024 - (ACN Newswire via SeaPRwire.com) - With its advanced infrastructure and a tech-savvy population, Singapore is at the forefront of the global digital revolution. As mobile marketing becomes an increasingly vital component of brand strategies in 2024, focusing on mobile-first approaches, personalised experiences, and a commitment to data privacy, Martechvibe is set to address these trends with its upcoming event.Martechvibe, a global media publication known for its insights into how leading brands use technology to drive growth, will host the Unlocked: Mobile & App Growth Summit on September 5, 2024, at ONE°15 Marina Sentosa Cove, Singapore. The exclusive event will gather mobile marketers, growth strategists, product innovators, and monetization leaders to explore and enhance their skills.This one-day summit will feature 16 research-driven sessions led by industry experts and is expected to attract over 150 decision-makers interested in mobile and app marketing technologies. The agenda covers key topics such as:Staying ahead of the technological curveCompatibility with current and future OSNon-negotiable security measuresUser data protectionEmbracing a mobile-first mind-setDigital wellnessCollaboration and integrationUnlocked boasts an impressive line-up of speakers from leading organizations including Grab, Lazada, Shopee, Standard Chartered, foodpanda, and The Coca-Cola Company. In addition, attendees will have the opportunity to explore innovative solutions from leading exhibitors, designed to help mobile marketers and app developers thrive in today’s competitive landscape.For more details and to join the waitlist, visit https://martechvibe.com/events/unlocked-mobile-app-growth-summit/About Martechvibe:Martechvibe is a leading global media publication dedicated to exploring the intersection of marketing and technology. Through in-depth articles, research-driven insights, and exclusive events, Martechvibe connects industry professionals with the latest trends and innovations shaping the marketing technology landscape. From understanding how top brands leverage technology for growth to providing a platform for thought leaders to share their expertise, Martechvibe serves as a trusted resource for marketers and business leaders worldwide.For more information, visit www.martechvibe.com or follow us on LinkedIn, Twitter, and Facebook for the latest updates.Contact Information: marketing@martechvibe.com Copyright 2024 ACN Newswire via SeaPRwire.com.

27 8 月, 2024

New Hope Service Announces 2024 Interim Results

HONG KONG, Aug 27, 2024 - (ACN Newswire via SeaPRwire.com) - New Hope Service Holdings Limited (“New Hope Service” or the “Company”, SEHK stock code: 3658.HK) announces its interim results for the six months ended 30 June 2024 (“In the First Half of 2024”or “the Period”).During the Period, the Company recorded revenue of RMB709.0 million, representing a year-on-year increase of 18.2%; Gross profit was RMB232.3 million, representing an increase of 2.7% compared to the corresponding period of 2023, and the gross profit margin was 32.8%. The profit attributable to the equity shareholders of the Company for the Reporting Period was RMB118.1 million, representing an increase of 7.9% compared to the corresponding period of 2023. The Board recommends the payment of interim dividend of HK$0.090 per share, with a dividend payout ratio that has reached approximately 60%, this recommendation reflects the company’s continuous and firm commitment to rewarding its shareholders and demonstrates strong confidence in the company’s future profitability.It is worth mentioning that, the Company completed the annual target for contract amount in the first half of 2024, with the contracted amount reaching RMB353 million, representing a year-on-year increase of 227%. The Company continued to optimize its operational management capabilities, with the trade receivable turnover days decreasing by 6 days as compared to the same period last year, and the management fee rate has decreased to 9.8%.Deep regional penetration and strong developmentAs at 30 June 2024, the Company had 244 projects under management with GFA under management of approximately 35.4 million sq.m., representing an increase of approximately 21.8% as compared to the corresponding period of 2023. The Company had 264 contracted projects with contracted areas of approximately 40.5 million sq.m.. As a property management enterprise focusing on high-tier cities in the Southwestern and Eastern China regions, New Hope Service continued to follow the strategic goal of deep regional penetration. Chengdu, Kunming, and Wenzhou, which accounted for 57.1% of the total managed area, contributed 62.7% of the overall revenue, further validating the company’s development strategy.In addition, the Company enhanced its core capabilities for market expansion through team remodeling, mechanism update and system construction. Under the strategic backdrop of deep cultivation in Chengdu, the Company successfully won the projects of Chengdu Tianfu Furong Garden (the first 4A-level scenic spot project), Zhong Cheng Boyue Mansion (the first commercial office expansion project), and Chengdu Xichuan Huijindu School (continued development in school-related projects) and other high-quality projects; In Yunnan and Guizhou, the Company continued to exert its core competitiveness in the financial industry, and successively won the bids for the Tongcheng Sub-branch of Kunming Branch of Minsheng Bank and the Haigengying Project of Yunnan Branch of Postal Savings Bank. Besides, the Company also built a three-kilometer market expansion, and by virtue of the service quality of and the high satisfaction of owners for the benchmark projects, the Company managed to win the bids for Suzhou Zhongjiao Jingting Project and Kunming Silan Yayuan and other projects.Additionally, the Company established joint ventures with Chengdu Economic Development Park Investment and a state-owned enterprise of Wuhou District in 2023, and achieved the annual contract conversion amount of RMB66.93 million in the first half of 2024. In 2024, the Company once again expanded the “New Hope Service Friends Circle”, successfully formed strategic cooperation with Sichuan Jianxingli Technology Co., Ltd. to jointly expand in light asset operation.“Property +”, Sustained profitabilityDuring the Period, the Company's revenue structure was continuously optimized, with the combined income of the “Property + Lifestyle + Commercial” sectors exceeding 90%. of the total revenue. Among them, the revenue from property management services amounted to RMB405.6million, accounting for 57.2% of the total revenue, representing an increase of 27.7% compared to the corresponding period of 2023; The revenue from lifestyle services amounted to RMB170.4 million, accounting for 24.1% of the total revenue, representing an increase of 26.1% compared to the corresponding period of 2023; The revenue from commercial operational services amounted to RMB65.2million, the gross profit margin was 63.9%In terms of “property + lifestyle”, backed by the Fortune Global 500 New Hope Group and by relying on its advantages in supply chain system, brand reputation and product categories, the Company built a corporate service system, successfully won the bid for the supermarket supply chain business of Huaxi Tianfu, completed the sales of 41,000 gift boxes, representing an increase of 300% over the same period last year.In terms of “property + group meal”, the total number of comprehensive services projects was 14, accounting for 56% of the total group meal service projects, in addition to the first 10-year group meal project — Yibin Maternal and Child Health Hospital, the Company also successfully won the bids for the Pangang Fresh Supply Chain project and the Sichuan Taikang Hospital project, etc.In terms of “property + commerce”, as an important profit unit, with its excellent property + commercial operation capabilities, the Company achieved commercial service expansion, successfully won “Chengdu Lantingji Project”(property + commerce external expansion) and other projects. Furthermore, certain managed projects maintained a higher level of operation, the occupancy rate of Nanning Xinchangxing increased by 20 percentage points as compared with the same period last year, and Chengdu New Hope International and Kunming Dashanghui also maintained an occupancy rate of over 90%.In terms of “property + N”, the Company explored the value of existing stock, further enhanced the sources of revenue and improved customer stickiness. Taking the Zhongding International project as an example, the compound growth rate of the property management income alone from 2021 to 2023 was 5.16%, and the compound growth rate of the income from property + commerce + group meal was 17.5%.High target guidance, Steady competitive advantages in “Property +”In the future, the Company will continue to be guided by high targets, firmly adhere to the strategy of regional penetration, and continue to expand its business scale through market expansion, strategic joint ventures, cooperation, mergers and acquisitions, and other means. At the same time, the Company will further focus on “property +”, dig deeper into customer demand, and realize sustainable profit generation through “cost down and revenue up” for individual projects by the advantages of supply chain and the efficiency enhancement of digital operation. The company will further link up with New Hope Group and use more comprehensive solutions for public welfare services to promote sound development and realize “people's livelihood” with high-quality services.- END -About New Hope ServiceNew Hope service (3658.HK) is an integrated property management enterprise engaging in the provision of lifestyle service solutions with a leading position in the Western China region and strategic cultivation in Chengdu. Backed by New Hope Group Co., Ltd.* and its subsidiaries, a member of Fortune Global 500, the Group placed emphasis on adhering to “asset value appreciation and maintenance” and “care-free and wonderful life”, and provided building block services such as property management services, lifestyle services and commercial operational services for middle-to-high-end residences, commercial office buildings and various types of properties. As at 30 June 2024, the Group was honored to be “2024 TOP 10 Companies in terms of Commercial Property Service Capacity in China” by CRIC, the “2024 TOP 18 Property Enterprise in terms of Comprehensive Strength in China” by EH Consulting, and the “TOP 19 of TOP 100 Property Management Companies in China” by China Index Academy .For latest news about New Hope Service, please go to the official websitehttps://www.newhopeservice.com.cnFor enquiry, please contact:Financial PR (HK) LimitedTim Yue/ Hulk Liu/Lucy LiuTel：(852)2610 0846Fax：(852)2610 0842 Copyright 2024 ACN Newswire via SeaPRwire.com.

27 8 月, 2024

TINGYI : Stable Business Performance and Continuous Revenue Structure

HONG KONG, Aug 27, 2024 - (ACN Newswire via SeaPRwire.com) - On August 26, 2024, Tingyi (Cayman Islands) Holding Corp. (0322.HK, the “Company”, together with its subsidiaries, the “Group”) is pleased to announce its interim results for the six months ended 30 June 2024. In the first half of 2024, the Group proactively embraced opportunities and challenges, adhering to a long-term approach and strengthening the development and innovation of its core business. As a results, the Group achieved high-quality growth and optimization of its revenue structure, with major financial indicators showing robust improvement. For the six months ended on June 30, 2024, the Group’s revenue grew 0.7% year-on-year to RMB41.201 billion. Among which, the revenue from instant noodles was RMB13.814 billion, while the revenue from beverages was RMB27.065 billion. Gross profit margin improved by 2.1 percentage points year-on-year to 32.6%. EBITDA grew 12.2% year-on-year to RMB 4.825 billion.Financial Summary For the six months ended 30 June RMB’00020242023ChangeRevenue41,201,20840,907,456↑ 0.7%Gross margin32.6%30.5%↑ 2.1 ppt.Gross profit of the Group13,439,91512,465,643↑ 7.8%EBITDA4,824,6054,301,711↑ 12.2%Profit for the period2,235,0651,922,879↑16.2%Profit attributable to owners of the Company1,885,3101,637,670↑ 15.1%Earnings per share (RMB cents) Basic33.4629.07↑ 4.39 centsDiluted33.4629.04↑ 4.42 centsAs at 30 June 2024, cash at bank and on hand (including long-term time deposits) was RMB17,930.285 million, representing an increase of RMB3,191.904 million when compared to 31 December 2023. Gearing ratio was -23.0%.In the first half of 2024, China’s economy was generally running steadily. With the growth in outdoor traveling, total retail sales of social consumer goods grew 3.7% year-on-year. In response, consumers were paying more attention to the quality-price ratio of products, and the shopping channels were shifting, which galvanized the growth of warehouse membership stores, discount stores, preference-based e-commerce platforms, among other channels. Enterprises with strong product power, brand power and channel control are able to better adapt to changes and serve consumers, thus driving the results to grow.In the first half of 2024, the gross profit structure of the Instant Noodles Business continued to improve. The revenue from Instant Noodles Business was RMB13.814 billion, declined by 1.0% year-on-year due to market pressures and product structure adjustment, accounting for 33.5% of the Group’s total revenue. During the period, attributed to the favorable optimization of raw materials and product mix, the gross profit margin of instant noodles grew 1.3 percentage points year-on-year to 27.1%. As a result of the year-on-year increase in gross profit margin, the profit attributable to shareholders of the Company in the instant noodles segment grew 5.4% year-on-year to RMB850 million. During the period, facing the continuous differentiation of consumption trends, the Instant Noodles Business kept meeting the diversified demands of consumers with a variety of offerings in price bands, flavors and sizes. Efforts have been made on upgrading core products, promoting innovative products, deploying high-potential products; adapting to the transformation of consumers’ shopping modes, and actively expanding channels such as warehouse membership stores and preference-based e-commerce. Consistently upholding product quality, and providing consumers with delicious and reassuring products.In the first half of 2024, revenue and gross margin in the Beverage Business continued to improve. The overall revenue from Beverage Business was RMB27.065 billion, with a year-on-year growth of 1.7%, accounting for 65.7% of the Group’s total revenue. During the period, the gross profit margin of beverage grew 2.5 percentage points year-on-year to 35.2% through product mix optimization and management efficiency enhancement. Due to the year-on-year increase in gross profit margin, the profit attributable to the shareholders of the Company in the beverage segment grew 26.9% year-on-year to RMB1.115 billion. During the period, the Beverage Business was accelerating to build up the advantages of scale. Focused on core categories, continuously refined innovative tastes and optimized marketing strategies. Followed the trend of sugar-free health, launched a suite of products of sugar-free tea, driving the growth of ready-to-drink tea category. Continued to deploy freezers with investment in a more scientific manner.Mr. Richard Chen, Chief Executive Officer, commented, “In the second half of 2024, the domestic demand is expected to be one of the key drivers of economic growth. To “Consolidate, Reform and Develop” is the strategy that the Group remains committed to. The Group will give full play to the advantages of intensive channel development and production capacity, actively expand consumption scenarios and sales point coverage, and take multiple measures to stimulate the consumption vitality of target groups. The Group has always attached importance to the buildup of growth momentum in the long run. On the basis of the goal of results growth, efforts will be made to keep increasing investment in fundamental research, accelerate talent echelon development, invest in brand building, improve digital operation capability, and strengthen food safety control and management. We advocate sustainable development, continuously fulfill social responsibilities, seek and seize development opportunities, and work together with partners to contribute actively to society. We are committed to better serving customers and consumers, creating values for shareholders, and shaping a comprehensive food and beverage “National Brand” that assures the government, delights partners, and reassures consumers.”- End –About Tingyi (Cayman Islands) Holding Corp. (0322.HK)Tingyi (Cayman Islands) Holding Corp. (the “Company”), and its subsidiaries (the “Group”) specialise in the production and distribution of instant noodles and beverages in the People’s Republic of China (the“PRC”). The Group started its instant noodle business in 1992, and expanded into instant food business and beverage business in 1996. In March 2012, the Group further expanded its beverage business by forming a strategic alliance with PepsiCo for the beverage business in the PRC. The Company exclusively manufactures, bottles, packages, distributes and sells PepsiCo soft drinks in the PRC. After years of hard work and accumulation, “Master Kong” has become one of the best-known brands among consumers in the PRC.For enquiries, please contact:Investor EnquiriesInvestor Relations Team, Tingyi (Cayman Islands) Holding Corp.E-mail: ir@tingyi.comChristensen China LimitedE-mail: stephanie.chen@christensencomms.comTel:+852 2117 0861 Copyright 2024 ACN Newswire via SeaPRwire.com.

27 8 月, 2024

Analogue Records Profit Attributable to the Owners of the Company of HK$82.4 Million for First Half of 2024

Highlights- Total revenue increased by 14.9% to HK$3,265.4 million, with profit attributable to the owners of the company of HK$82.4 million- Gross profit increased by 5.3% to HK$477.7 million, with a gross profit margin of 14.6%- Contracts-in-hand remained at a high level of HK$11,704.3 million- Interim dividend amounted to HK2.38 cents per shareHONG KONG, Aug 26, 2024 - (ACN Newswire via SeaPRwire.com) - Analogue Holdings Limited (“Analogue” or the “Company”, together with its subsidiaries, the “Group”) (stock code: 1977), a leading electrical and mechanical (“E&M”) engineering and technology service provider in Hong Kong, today announced its interim results for the six months ended 30 June 2024 (the “Period”), with revenue growth and steady performance despite navigating through various challenges.The Group’s revenue for the Period was HK$3,265.4 million, representing an increase of 14.9%. This is mainly due to the effective execution of a variety of data centre, healthcare, building and infrastructure projects, including new projects which are scheduled to reach the threshold for profit recognition progressively and are expected to contribute to the future profit pipeline in phases, as well as the consolidation of revenue of two recently acquired lift companies in the United Kingdom (“UK”). Gross profit was HK$477.7 million and profit attributable to the owners of the Company was HK$82.4 million. The Group’s contracts-in-hand remained at a high level of HK$11,704.3 million, laying a solid foundation for future business. The Group maintained its active tendering activities throughout the Period, and submitted a total of 581 tenders or quotations valued at over HK$1 million each. In accordance with the tendering schedules, the award of many of the submitted tenders is due for announcement in phases later in the year. The Board has resolved to pay an interim dividend of HK2.38 cents per share.Dr Mak Kin Wah, Chairman of Analogue Holdings Limited, said, “It is a great privilege for me to present the Interim Report for the first time as Chairman of the Company. During the Period, we continuously enhanced our core businesses as a market leader in the E&M engineering and technology services markets, advancing our diverse business portfolio which includes Building Services, Environmental Engineering, Information, Communications and Building Technologies (‘ICBT’), and Lifts and Escalator services. Not only have we continued to invest in research and development (‘R&D’) to develop innovative construction technologies to assure quality, safety and efficiency, and advanced digital, and green and environmental technologies to position us in the growth segments, meet customer needs and create value for the community, we have also broadened our Lifts and Escalators business to include the UK and the United States (‘US’) as well as explored opportunities in other new markets. The results of these efforts are maintaining our industry leadership, helping to navigate the challenges and capture the opportunities in the current business environment, and facilitating our ongoing growth.”Revenue from the Building Services segment grew by 20.8% to HK$2,111 million during the Period, while its contracts-in-hand amounted to HK$5,585 million as at 30 June 2024. The recurring maintenance revenue stream was up by 11.3% to HK$205 million, and was further augmented by new maintenance contracts of HK$125 million secured from infrastructure operations, data centres and housing programmes during the Period. The Group has maintained its leadership in the building services sector, with a substantial market share and solid reputation among prestigious customers. With the recent achievement of significant new projects to provide E&M services, including a Grade A office building in Caroline Hill Road, Causeway Bay, with one of the highest levels of innovative Multi-trade Integrated Mechanical, Electrical and Plumbing (“MiMEP”) construction technologies for a commercial building, as well as a number of large-scale projects in Macau, the Group currently has large and sustainable contracts-in-hands. The Group will continue to invest in technologies such as Building Information Modelling (“BIM”) and MiMEP to enhance quality, safety, and productivity, including adding a new MiMEP facility in Mainland China to augment our established MiMEP facility in Hong Kong.Revenue from the Environmental Engineering segment amounted to HK$621 million. As at 30 June 2024, the segment had contracts-in-hand of HK$4,514 million, including eight new contracts or significant variation orders, demonstrating the Group’s expertise in delivering quality project management services for varied environmental infrastructure. During the Period, the Group was awarded several notable projects, including barrage and nullah improvement works in Yuen Long and a new landfill leachate treatment plant in Nim Wan, Tuen Mun. In addition to technologies for climate solutions, clean water, and waste and sewage treatment including AI-enabled Digital Twin, the Group also adopted innovative approaches to the strengthening protection, and operation and maintenance of environmental infrastructure to extend its life cycle and ensure that it provides excellent service to Hong Kong. In overseas markets, the Group participated in tenders including water treatment works with a capacity of more than 250 million liters per day in Teresa and Pasig in the Philippines, and a sewerage project in Dubai.ICBT recorded segment revenue of HK$295 million during the Period and had contracts-in-hand amounting to HK$938 million as at 30 June 2024. The Group’s cutting-edge CCTV systems with artificial intelligence (“AI”) video analytics have been adopted by the largest lifestyle shopping mall in the Southern District of Hong Kong Island to enhance security and optimise operations. Beyond the commercial sector, the Group has secured a contract to supply and install the Extra Low Voltage and Building Management Systems for a residential development project located in Tseung Kwun O, the largest residential development above the MTR station in the district. Well positioned for the opportunities arising from driving Hong Kong’s transformation into a “Smart City” and “Smart Economy”, the segment’s green and intelligent building solutions integrate a wide range of information and communications technologies, including AI-enabled Digital Twin, energy management technologies, renewable energy, ESG dashboards, Indoor Environment Quality Management, robotic solutions, and Smart Lampposts. Its solutions and services cover all industries and market segments in both the public and private sectors, including but not limited to data centres, healthcare, and infrastructure in Hong Kong.Revenue from the Lifts and Escalators segment increased by 49.4% year-on-year to HK$239 million, with contracts-in-hand increasing by 13.8% to HK$667 million as at 30 June 2024. Anlev Elevator Group (“Anlev”), the Group’s global brand of lifts, escalators and moving walkways, serves millions of users in Asia, America and Europe. As part of the Group’s growth strategies, Anlev has been making progress expanding its business in the UK and the US. Its success in securing overseas projects in the UK has contributed to the segment’s high revenue. In Hong Kong, maintenance contracts for both commercial and government buildings were major profit contributors during the Period. While Anlev’s performance in terms of both safety and service quality is well recognised by customers, Anlev is building critical mass to enhance the efficiency of production and has been continuously developing its products to meet customer needs and stay ahead of the competition.In July 2024, the Group unveiled the ATAL Tower, its new headquarters in Kwai Chung. Operation units from different offices are moving in by phases to be consolidated under one roof in this building, which will be fully operational by the third quarter of 2024. “This marks a new era and a significant milestone in the Group’s development. ATAL Tower boasts superior infrastructure that will enable us to better serve customers and partners while also providing a pleasant work environment to enhance our productivity and collaboration,” added Dr Mak.The Group remains cautiously optimistic about the business outlook, given the strong contracts-in-hand, its leadership position in growth segments, and its strong tendering pipeline. Its continuous success in securing new business opportunities and winning contracts augers well for remaining competitive in the industry and growing its revenue, customer base and market reach. The Hong Kong SAR Government’s planned annual capital works expenditure of about HK$90 billion presents significant opportunities for the Group. Overall, the Group sees potential in healthcare, infrastructure, housing, data centres, smart technologies, advanced food waste treatment technology, and retrofitting of existing buildings to contribute to sustainable urban development. The Group’s investment in BIM, Modular Integrated Construction (MiC), MiMEP, robotic solutions and other advanced construction technologies will strengthen its competitiveness and allow it to capture emerging business opportunities. The Group has healthy liquidity, low debt levels and strong recurring operating cash flows, which assures its financial flexibility to take on new projects in its tendering pipeline as well as to capture the opportunities arising in the current market condition, to optimise the long-term future of the business. The Group will continue to explore suitable synergistic business opportunities, including expansion into East Asia, Southeast Asia, the Middle East and other areas.Dr Mak concluded, “What Analogue has achieved would not have been possible without our dedicated and capable staff. Attracting and retaining talents remains one of our top priorities. We are committed to providing our employees with comprehensive training to support their development, and to cultivating a corporate culture that values professionalism and craftsmanship. As a market leader, we take pride in being able to provide a comprehensive suite of quality services, not only for the benefit of our customers, employees and shareholders, but also to contribute to the betterment of society in Hong Kong and around the world.”For further details of the 2024 Interim Results, please refer to the announcement filed with The Stock Exchange of Hong Kong Limited.– END –About Analogue Holdings LimitedEstablished in 1977, Analogue Holdings Limited is a leading electrical and mechanical (“E&M”) engineering and technology service provider, with headquarters in Hong Kong and operations in Macau, Mainland China, the United States and the United Kingdom. Serving a wide spectrum of customers from public and private sectors, the Group provides multi-disciplinary and comprehensive E&M engineering and technology services in four major segments, including Building Services, Environmental Engineering, Information, Communications and Building Technologies (“ICBT”) and Lifts & Escalators.The Group also manufactures and sells Anlev lifts and escalators internationally and has entered into an alliance with Transel Elevator & Electric Inc. (“TEI”), one of the largest independent lifts and escalators companies in New York, the United States. The Group’s associate partner, Nanjing Canatal Data Centre Environmental Tech Company Limited (603912.SS), specialises in manufacturing of precision air conditioners. Copyright 2024 ACN Newswire via SeaPRwire.com.

26 8 月, 2024

InfoComm India 2024 Summit to Present Latest in AI, AV/VR, Cybersecurity, Display Technology, Pro AV and More

MUMBAI, INDIA, Aug 23, 2024 - (ACN Newswire via SeaPRwire.com) - InfoComm India 2024 sets the scene as the region’s most significant Professional AudioVisual (Pro AV) and integrated experience solutions tradeshow. Taking place from 3-5 September 2024 at the Jio World Convention Centre (JWCC) in Mumbai, InfoComm India also plays host to the ninth edition of the InfoComm India Summit—often considered the technological preview and showcase of forward-facing technologies for India—with over 80 expert speakers from various diverse sectors, delivering cutting-edge content across more than 48 free-to-attend seminars organized in 14 specialty tracks.The Summit program at InfoComm India isn't just a conference; it serves as a compass for attendees to navigate the digital future, designed to equip them with the knowledge and inspiration to stay ahead of the curve. From Cybersecurity to Immersive Storytelling, Live events to Smart & Sustainable Cities, and from Conference Room Collaborations to Command and Control Rooms, the InfoComm India 2024 Summit brings together industry leaders, innovators, and professionals to explore and shape the future of India's audiovisual landscape. InfoComm India 2024 | Over 40 free-to-attend educational sessions across 14 tracks, led by more than 60 industry experts.The summit kicks off with a keynote address by David Labuskes, CAE, CAE, RCDD, Executive Director and CEO of AVIXA, titled "Navigating New Horizons: Insights and Innovations Shaping India’s Pro AV Landscape". The first day of summit continues with sessions on Smart & Sustainable Cities, Immersive Storytelling through technology, and future-focused sessions on Transformative Education and Cybersecurity. Attendees will hear from representatives of 3CDN Workplace Tech, India, AVID India, Kerala Urban Commission, Ministry of Finance, Government of India, Samsung Electronics, Sennheiser, Waste Management Research Centre, All India Institute of Local Self-Government (AIILSG) and many more.InfoComm India 2024 | Leading industry Experts and Luminaries sharing their knowledge and expertise from 3-5 September at JWCC, Mumbai.InfoComm India’s remaining summit sessions promise a wealth of insights with enlightening sessions such as “Digital Signage in the AI-age”, “Transformative Growth in Enterprise IT”, “The Future of Command & Control”,“Experiential Planning for Live Events & Exhibitions”, and “Mastering the Art of Audiovisual Communication”. Pundits and masterclass speakers from leading organizations like Blue Apple Digimedia, invidis consulting (Germany), Xtreme Media, Nexmosphere (Netherlands), PeopleLink Unified Communications, and Yamaha Corporation (United Kingdom), to name a few, will share their expertise and perspective with summit attendees.InfoComm India 2024 will also offer multiple networking opportunities to foster connections among industry professionals. These include a Breakfast Networking Hour at Luminary Lounge (Jasmine Hall) on 3 and 4 September, a Welcome Networking Event (co-hosted with AVIXA) on 3 September, AVIXA Women’s Council in India and AV Marketers Meetup, as well as Flashtrack seminars (AVIXA Booth) providing quick, informative sessions on the show floor, and Show Floor Tour highlighting new technology, products and solutions to help attendees stay updated on the latest advancements of the nearly 250 exhibiting companies and brands. InfoComm India 2024 | Global Leading Organizations are part of the Summit lineup visitors can look forward to hear from.InfoComm India 2024 is not just an exhibition, but a hub for innovation, learning, and networking. For full details on speaker and session lineup, exhibitors, products, registration, and remaining sponsorship opportunities, visit InfoComm India.To access more press information on InfoComm India 2024, please visit Digital Press Office Kit Contact Information: Rest of the World Angie Eng, Marketing Director InfoCommAsia Pte Ltd angieeng@infocommasia.com India Sooraj Dhawansooraj@falconfirst.com Copyright 2024 ACN Newswire via SeaPRwire.com.

26 8 月, 2024

Q P Group’s 2024 Interim Net Profit Surges by 50.9% to HK$54 Million

HONG KONG, Aug 26, 2024 - (ACN Newswire via SeaPRwire.com) - 23 August 2024, Q P Group Holdings Limited (“Q P Group” or the “Group”; Stock code: 1412), a paper product manufacturing and printing services provider, today announced its unaudited interim results for the six months ended 30 June 2024 (“6M2024” or the “Period”).During the Period, the Group achieved revenue of approximately HK$538.6 million, representing an increase of approximately 16.9% as compared with the six months ended 30 June 2023 (6M2023). The gross profit increased by approximately 25.1% to approximately HK$192.5 million year-on-year. The gross profit margin increased to approximately 35.7% (6M2023: approximately 33.4%). Meanwhile, net profit also significantly increased by approximately 50.9% from approximately HK$35.8 million for 6M2023 to approximately HK$54.0 million for 6M2024. The increases in both gross profit and net profit were primarily attributable to the positive effects of better economies of scale driven by the increase in revenue from both original equipment manufacturer (“OEM”) sales and web sales, as well as the continuous enhancement in operational and production efficiency. Basic earnings per share was approximately HK10.15 cents (6M2023: approximately HK6.72 cents).The board of directors has resolved to declare an interim dividend of HK3.0 cents per share for 6M2024 (6M2023: HK2.0 cents).Business ReviewDuring the Period, leveraging the consistently outstanding performance in engineering and production efficiency and quality, the Group successfully secured additional orders from its major OEM customer driven by the increasing market demand, which boosted its overall OEM sales. Meanwhile, the Group pushed forward steady business development in different product lines, which included the development of trading card game manufacturing business in the PRC. The Group’s OEM sales revenue increased by approximately 19.3% to approximately HK$438.8 million for 6M2024. (6M2023: approximately HK$367.8 million), mainly attributable to the increased demand for the Group’s tabletop game products from its major OEM customer.In respect of web sales business, the Group continued to allocate resources to online and offline marketing initiatives including digital marketing, crowdfunding and participation in overseas exhibitions. During the Period, the Group’s web sales revenue increased by approximately 7.4% to approximately HK$99.8 million for 6M2024. The number of active registered user accounts, which refers to the registered user accounts with order(s) placed on the Group’s major websites, increased from approximately 64,100 as at the end of last year to approximately 70,400 as at 30 June 2024.During the Period, the Group’s original brand manufacturer (“OBM”) business launched a number of card products and crowdfunding projects, which included card products published under brand licensing initiatives, progressively carving out the Group brand’s reputation and recognition in the relevant markets.On the operational front, the new Vietnam factory officially commenced full-scale operation during the Period, and has become a key production hub of the Group, leading to a new landscape and opportunities for the Group’s overall supply chain operation and business.ProspectsLooking ahead, the global economy is expected to continue to recover and grow in the second half of 2024, but the manufacturing industry may still face challenges amidst uncertainties such as high inflation and geopolitical volatility. The Group will continue to strive for steady business diversification and expansion as well as improvement in operational efficiency, thereby elevating its competitive advantage.In the OEM business, the Group intends to further explore the trading card manufacturing business in USA’s and European markets, so as to seize the opportunities in both domestic and foreign markets and maximise economies of scale. In the web sales business, the Group will attempt to embark on diverse marketing campaigns that put emphasis not only on customer acquisition but also the growth of existing customers. Furthermore, Q P Market Network (“QPMN”), an e-commerce platform under the Group, has initiated collaborations with enterprises in different regions to offer online solutions for product customisation. The Group looks to promote QPMN’s services to more brands and licensors with the successful cases, making a step towards the realisation of a business-to-business-to-consumer (B2B2C) model. In terms of the OBM business, the Group will actively seek collaborations with more brands and licensors and develop additional product categories and product customisation to enrich customer experience.On the operational front, the Group will stay focused on enhancing the efficiency and capacity of the new Vietnam plant, and continues to drive digital transformation and smart operations. The Group is in the process of preparation for the certification of Level 2i of Industry 4.0 maturity for the Dongguan plant, moving forward to achieve more extensive smart operations.Mr. Cheng Wan Wai, Founder, Chairman and CEO of Q P Group concluded: “While the global economic landscape continues to present headwinds such as slowing growth and inflationary pressures, we remain confident in the Group’s long-term prospects. Our solid operational and financial foundations position us well to capitalise on future opportunities. We will continue to adopt a proactive and prudent management approach, pursuing steady business expansion and driving improvements in operational efficiency. By closely monitoring market changes and swiftly adapting our strategies, we will strive to minimise the impact and delivering long-term value for our stakeholders.”– End –About Q P Group Holdings Limited (Stock code: 1412)Established in Hong Kong in 1985, Q P Group is one of the leading paper-based tabletop games and greeting cards manufacturers in the PRC, with production sites in Dongguan and Heshan in Guangdong Province, the PRC, and Phu Ly City in Ha Nam Province, Vietnam. Its principal product categories include tabletop games, greeting cards, educational items and premium packaging. Since 2010, the Group has been operating web sales businesses to provide online solutions for diversified customised paper products and gift items. Currently, the number of its active registered users has reached over 70,000.Q P Group’s major websites are:www.makeplayingcards.comwww.boardgamesmaker.comwww.createjigsawpuzzles.comwww.printerstudio.comQ P Market Network: www.qpmarketnetwork.comFor more information, please visit:https://www.qpp.comMedia EnquiriesStrategic Financial Relations LimitedVicky LeeTel: (852) 2864 4834Email: vicky.lee@sprg.com.hkPhoebe LeungTel: (852) 2114 4172Email: phoebe.leung@sprg.com.hkLinda KwanTel: (852) 2114 4951Email: linda.kwan@sprg.com.hkWebsite: http://www.sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.

26 8 月, 2024

Data Center Xpo Announces Winners of Data50 Awards

Riyadh, Saudi Arabia, Aug 26, 2024 - (ACN Newswire via SeaPRwire.com) - The Data Center Xpo is excited to announce the winners of the Data50 awards, which highlight the top technology leaders to watch in 2024. This year’s winners were chosen through a thorough process involving nominations, applications, data from our records, interviews, company websites, and other public sources.The Data50 awardees, known for their passion and innovation, drive impact across data analytics and emerging tech. The Data Centre Xpo transforms knowledge into actionable insights, fostering connections and partnerships. This year’s event will take place on September 3-4, 2024, at Voca in Riyadh, Saudi Arabia. This summit is a premier venue for exploring trends, networking, and engaging in sessions on data analytics, AI, and technology advancements. Join us to collaborate and discover transformative solutionsMeet the Data50 winners:Mohamed Abdeen, Head of Digital Services, Abdullah Al Othaim Investment Co.Muhammad Ghunaim, Head of BI & Analytics, Abdul Latif Jameel United Finance Company.Abdullah Rhwanjy, CITO, Abdullah Al-Othaim Markets.Rafe Ismail, Datacenter Operations Senior Manager, Ad Diriyah Gate Development Authority.Abdullah Abdulwasa, Chief Digital Officer, Al-Faisaliah Group.Yehia Taqsira, CIO, Alfaris Group.Saad Chammah, Head of Information Technology Department, Almabani General Contractors.Dr.Faisal AlNasser, Head of Enterprise Information Technology (EIT), Almarai.Abdullah Karabilo, Director of Strategy and Digital Transformation, Arabian Shield Cooperative Insurance Company.Adrian Blanck, Chief Digitalization Officer, Aramco.Ali Hummadi, VP QHSSE, ARASCO.Krish Jangal, Director of IT, ARASCO.Abdullah AlOmari, Information Technology Director & CIO, ARO Drilling.Saeed Ahmed Mughal, IT Director, Al Safwa Hospital by MajestyAbdulaziz Al-Ghufaili, Chief Technology Officer, Bank Albilad.Adel Mazen Ammari, Director of IT Operations, Cenomi Centers.Faisal Alshammari, Deputy CEO & Chief Innovation Officer, Tameeni.Nawaf Alghamdi, Director of Data and Artificial Intelligence, Council Of Health Insurance.Ghulam Murtaza, Head of Information Technology, The Coca Cola Bottling Company of Saudi Arabia.Faraz Manzoor, Head of IT & Technology, DAR Engineering.Tariq Al-Issa, Chief Information Officer, Enjaz.Ahmed Ali Larik, Head of IT Demand & Delivery and PMO, EMKANAbbas Natto, Group Chief Information Officer, Geidea.Wael Alfattani, Director of Information Technology (CIO), General Authority for Competition.Ali AlThuwaini, Director Business Intelligence, General Authority For Statistics - GASTAT.Sivakumar Seshadri, Head of Digital, General Organization for Social Insurance.Majed Shahin, Chief Technology Officer, Global Healthcare Co.Faisal Khashouf, Regional CIO Middle East & Africa, Hitachi Energy.Nasser Alamri, Cybersecurity Executive Director (CISO), Institute of Public Administration.Majed Alangari, Head of Cloud and Infrastructure, Integrated Telecom Company(Salam) Riyadh.Abdulrahman Almazroua, Manager of Cybersecurity Operations at JHAH, John Hopkins Aramco Healthcare (JHAH).Rayed Saad Altukhais, Director of Digital Excellence, King Saud Medical City.Hamad Almutairi, Head of IT and Assets, King Saud Medical City.Abdulrhman AlKhnaifer, CIO, King Saud University.Muath Aloufi, Director of Digital Transformation, King Khaled Eye Specialist Hospital.Mubarak Alshahrani, Chief Information Officer, King Saud Medical City.Mohammed Shah, IT and Smart City Director, Knowledge Economic City.Jad H Abdulsalam, VP, Cybersecurity and Digitization, Maaden.Mohammad Hazazi, IT&Sports Innovation Director, Mahd Academy.Syed Mubashir Ahmed, Head of IT & Projects Mobilization, Masah Construction Company.Naif Alharbi, Head of IT, MELSA (Mitsubishi Electric Saudi LTD).Osama Almujalli, Chief Data Officer, Ministry of Economy and Planning.Yousef Hamdan Alofey, Director of the Technical Affairs Department, Ministry of Municipal and Rural Affairs and Housing.Ahmad Mishkhas, Chief Information Security Officer,National Bank Of Bahrain.Ibrahim Al-Ammar, Chief Information Technology Officer, National Medical Care Company (NMC).Amin Aljaber, CIO, Nesma & Partners.Azwar Shah, Head of IT, Noon.Abdulrahman Alsarami, ICT Senior Director, NUPCO.Muhammad Uzair, CIO, PepsiCo.Anas Mosa, Director of Information Technology - PIF Projects, Public Investment Fund (PIF).Hala Mohammed AlSamnan, Vice President of IT Internal Audits, Riyadh Bank.Alok Srivastava, Director - IT Applications, ROSHN.Faisal Jamil, Associate Director IT & Cyber Risk, RSM Saudi Arabia.Mahmood Mubarak, Head of Technology O&M, Sahm Capital.Ali Alzahrani, Head of Cyber Security, SAMI Advanced Electronic Company.Asim Badhuralam, Director of Digital Transformation, Sanabel Alsalam for Food Manufacturing Company.Nader Alsinani, IT & Digital Services Director, Saudi Downtown Company – PIF subsidiary.Eyad Buhulaiga, Chief Data Management & Digital Strategy Officer, Saudi Electricity Company.Sayed Naser, Group IT Director, Saudi Industrial Development Company.Fahad Bin Moselekh, VP, Information Technology, Saudi National Bank.Mashari Almussaed, Digital Transformation Operations Manager, Saudi Olympic & Paralympic Committee.Ahmed Docrat, Executive Director - Digital Transformation, Saudi Tourism Authority.Saleh Alharbi, CIO, Shaqra University.Sameer Joshi, IT Director, SPIMACO.Zakir Shaikh, Group Head IT Operations, Tanmiah Food Company.Omar Albilali, CIO, Tasnee.Abdulrahman Alghabban, Director of Infrastructure & Data Center Operations, Tawuniya Riyadh.Abdullah Al-Zahrani, Director of Personal Data Protection, Tawuniya Riyadh.Eng.Syed Kareemuddin, Head of IT Infrastructure,Network & Security, The Coca-Cola Bottling Company of Saudi Arabia.Saud Alabdulaziz, Head Of Information Technology, The Financial Academy.Mohamed Fathy Zeineldin, Head of Enterprise Architecture and Data Governance, The Saudi Investment Bank.Shahzad Sultan, Director of Information Technology, U.S. Renal Care Riyadh.Abdullah Biary, Chief Information Security Officer, United Cooperative Assurance.Irfan Ul Haq, Director of Information Technology,Warehousing & Logistics Services Co LSC.Don’t miss the chance to connect and learn from the winners of the Data50 awards. This is an excellent opportunity for those eager to stay at the forefront, explore the possibilities of data analytics, or investigate the future of emerging technologies. The Data Center Xpo provides a unique platform to engage with leading experts in technology.For more information about Data Center Xpo and the Data50 awards, click on the Link.For Media Enquiries, contact:Kasturi Nayak (Sr. Marketing Executive) Kasturi.nayak@exito-e.com Enquiry@exito-e.com Exito Media Concepts Copyright 2024 ACN Newswire via SeaPRwire.com.

26 8 月, 2024

GoKardz launches an innovative digital cards platform to make businesses and networking more sustainable

KUALA LUMPUR, Aug 26, 2024 - (ACN Newswire via SeaPRwire.com) - GoKardz, a new-age digital business card platform, launched its innovative solution to redefine modern networking. GoKardz, a Malaysia-based tech startup that hosted a soft launch event in Kuala Lumpur, promises to be a game-changer in how professionals manage and share their digital identities. Based on the available statistics, five million trees are cut down each year to produce business cards. And hundred billion paper business cards are printed every year, of which 88% of business cards are thrown away or lost within a week, making it is big and meaningful problem to solve. With GoKardz, users can now seamlessly connect, network, and present themselves in the most dynamic and personalized way, using a solution that is highly sustainable.Amaresh Panda, Founder of GoKardzGoKardz is not just a digital business card platform; it is a comprehensive solution for creating a distinct professional identity in the digital era, coupled with a platform-enabled services ecosystem. With GoKardz, users can seamlessly connect, network, and present themselves in the most dynamic, personalized and sustainable way. And, its platform-enabled services ecosystem is the foundation for delivering real value to business & enterprise users by offering them solutions for identity & access management, programmatic advertising & marketing solutions, job listings and an online store with exclusive GoKardz branded merchandise.Guests Downloading the GoKardz AppAmaresh Panda, the visionary founder of GoKardz, has always been passionate about leveraging technology to solve real-world problems. He envisages GoKardz to be the world’s leading platform for professional digital identity, modern networking, and opportunity discovery. He says, with ‘One Card, Infinite Opportunities’ as its tag line, the company’s mission is to revolutionize professional networking by bridging gaps, fostering collaboration, and creating opportunities for professionals worldwide through simple and user-empowering technology that is sustainable. He continues to add, ‘While there are a few other similar products in the market that offer digital cards, we have made a bold attempt to take the game to a whole new level by keeping the digital business card at the centre and curating the whole digital identity and product-enabled services ecosystem around it. I am confident it will offer tremendous added value to our users, individual as well as corporates.’ When asked about, who could benefit the most by using the GoKardz solutions, Amaresh replied, ‘While any individual or business user is welcome to experience our product, we believe entrepreneurs & business owners, professionals in sales & marketing, freelancers who need to promote their products & services, event attendees and the professionals in the recruitment & talent industry stand to benefit the most out of the current features on the platform.’GoKardz, is a venture from the venture building studio of Kuber Ventures, a Singapore-based venture studio with presence across India, Malaysia & Australia. The venture-building partnership and investment from Kuber Ventures has significantly bolstered GoKardz’s time to market, innovation capabilities & growth. With this strategic support, GoKardz will be able to enhance its technology infrastructure, expand its range of features, and improve user experience, quite rapidly. The market access provided by Kuber Ventures will also enable GoKardz to accelerate its market expansion beyond Malaysian shores as the company grows its footprint, reaching a broader audience and establishing a stronger presence in the industry.Guests with Kuber Ventures TeamAccording to Alok Kumar, the visionary Partner of Kuber Ventures, GoKardz is the first product in 2024 to be launched from our venture studio and has tremendous potential for growth. With their digital & NFC-enabled cards, tracking & managing contacts for individual as well as business or enterprise users is a breeze. On top of it, the platform also offers certain curated services specially designed for businesses and an online store with GoKardz merchandise, which will be launched soon.Karunjit Kumar Dhir, the Partner at Kuber Ventures added, with attention spans getting shorter and information overload everywhere, it is time to simplify fundamental things like managing our digital identity and the way we network or keep in touch with our friends, colleagues, business partners and professional network at large. Paper business cards are often misplaced, outdated, or discarded. For companies, paper cards mean lost control over sharing, no analytics to measure effectiveness, and the inability to update contacts in real-time, limiting their use for marketing and brand consistency. We are excited to witness the growth and engagement of early adopters on the platform, and the fact that GoKardz team has already started onboarding paying customers gives us high confidence about this latest venture from our studio this year. I am excited to start using the GoKardz mobile app and my personalised NFC-enabled card powered by GoKardz and the fact that I will never have to worry about printing or managing my paper business cards ever again.Showcasing GoKardz NFC Card and MerchandiseAbout GoKardz GoKardz is a digital business card platform dedicated to redefining professional networking. It offers a vibrant networking environment, a dynamic job platform, and various professional services, all designed to make advanced technology accessible, inclusive, and impactful. The platform supports multiple languages and provides robust customization options to reflect unique professional identities. Above all, it enables all of us in going green by adopting a more sustainable alternative than paper-based cards, which are difficult to track & maintain.For more details on GoKardz, visit our website. Join us to witness the future of professional networking with GoKardz.Experience GoKardz and redefine your professional networking by downloading our app from the following links:GoKardz for iOS: https://apple.co/3wdzhJDGoKardz for Android: https://bit.ly/3UsJvxQGoKardz: Digital Business Cards to Elevate Networking & Amplify SuccessEmpower your professional network with GoKardz digital cards. Create your digital business card, download our iOS or Android app, or get started on our web dashboard today!For more information, please contact:Email: hello@gokardz.com ; komal@mianext.comWebsite: www.gokardz.com Copyright 2024 ACN Newswire via SeaPRwire.com.

26 8 月, 2024

Hektar REIT’s Q2 Realised Net Income Up 42.8% Backed by Enlarged and Diversified Asset Portfolio

Gross Revenue surged by 34.4% year-on-year to RM36.6 million.Net Property Income increased by 33.7% to RM20.7 million, bolstered by new revenue stream from its recently acquired non-retail asset - Kolej Yayasan Saad.Strong performance across Hektar Malls with 6.4% Positive Rental Reversion and close to 90% overall committed occupancy.Announces first interim income distribution of 1.9 sen per unit together with Income Distribution Reinvestment Plan.KUALA LUMPUR, Aug 23, 2024 - (ACN Newswire via SeaPRwire.com) - Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (“Hektar REIT”) is pleased to announce the second quarter results for the financial year ending 30 June 2024 (“Q2 FY2024”), highlighting a significant improvement in financial performance driven by new revenue contribution from Kolej Yayasan Saad and effective operational management.Sabrina Halim, Chief Operating Officer of Hektar Asset Management In Q2 FY2024, Hektar REIT reported revenue of RM36.6 million, an increase of 34.4% compared to RM27.2 million in the preceding year’s corresponding quarter (“Q2 FY2023”) largely attributed to the rental income recognised from its newly acquired education asset, Kolej Yayasan Saad (“KYS”). Net Property Income (“NPI”) increased by 33.7% from RM15.5 million to RM20.7 million, and Net Realised Income surged by 42.8% to RM9.9 million in Q2 FY2024.Hektar REITSummary of Financial Results for 2Q24Q2’ 2024RM’000Q2’ 2023RM’000Variance%Total Revenue36,55727,20734.4Nei Property Income (“NPI”)20,71315,42733.7Net Realised Income9,9336,95642.8 The quarter under review saw an encouraging rental reversion rate across all Hektar Malls with overall rental reversion recorded at 6.4%. On its tenancy expiry profile, a total of 28 renewals and new tenancies were secured which make up to 3.2% of the portfolio’s net lettable area. Cumulatively, a total of 62 renewals and new tenancies representing 259,676 sf of 12.7% of its retail portfolio’s net lettable area have been completed to-date with other expiring tenancies are currently in advanced negotiations stage, on track for conclusion by year-end.Supported by the strong financial performance, the Manager of Hektar REIT has declared an interim income distribution of 1.9 sen per unit for Q2 FY2024, totalling RM13.4 million. This translates to an annualised dividend yield of 6.4% based on the closing price of RM0.595 on 28 June 2024. The Income Distribution Reinvestment Plan (“IDRP”) will be applied, allowing unitholders to reinvest their dividends into new units. Unitholders are presented with this option to enhance their investments in Hektar REIT, in alignment to Hektar REIT’s capital growth and preservation objectives.As at Q2 FY2024, the overall occupancy rate at Hektar Malls was recorded at 87.2%. On the other hand, secured occupancy rate has further improved to 89.3% with tenants committed to open their doors to customers in the coming quarters. The encouraging numbers resulted from Hektar REIT’s enhance leasing strategies, continuous Asset Enhancement Initiatives (“AEI”) together with the strong retail industry outlook for the remaining half of 2024.To further extract values from its portfolio of retail assets, the Manager’s focus remains to be on Subang Parade’s overall repositioning. Urban Agenda Design Sdn Bhd was recently appointed as the lead architect for the rejuvenation project which covers Subang Parade’s interior and exterior facelifts to be implemented over three (3) years. Urban Agenda Design Sdn Bhd is an experienced party with extensive redevelopment portfolio ranging from REX KL, Semua House, The Five and Maximin Office (PJ). The management foresees improved occupancy levels, positive rental reversions, property valuation and increase in visitor traffic post-renovation works. The project is currently at the detailed design stage with the actual works on-site targeted to commence by Q1 2025.Sabrina Halim, Chief Operating Officer of Hektar Asset Management Sdn. Bhd. commented, "The positive results derived from the successful acquisition of our first non-retail asset marks a significant milestone in our diversification strategy. This strategic move not only broadens our portfolio but also enhances our resilience against market fluctuations. We believe that diversifying our asset base with high-quality, income-generating properties will provide a more stable revenue stream and reduce our dependency on retail assets alone.”She further added, “As we move forward, we are actively exploring further accretive opportunities that align with our long-term growth objectives, ensuring that we continue to deliver sustainable and attractive returns to our unitholders. Our commitment to optimising our asset portfolio and implementing prudent capital management practices will drive Hektar REIT’s growth and position us strongly in an increasingly competitive market environment."The Manager recently announced the intention to double Hektar REIT’s portfolio size to RM3 billion by 2027. Presented by various opportunities, the Manager is carefully appraising the prospects for their financial feasibility, strength of income stream, growth potential and contribution to the portfolio’s blended returns. With a target of having a well-balanced portfolio, the Manager is focusing on its core which is underserved retail assets with value creation potential, while also eyeing for resilient assets such as education properties within the K-12 segment and light industrial properties. Meanwhile, the Manager is continuously enhancing the leasing and marketing initiatives at Hektar Malls, with pockets of minor AEIs implemented on-site to further enhance the value propositions of the shopping centres.ABOUT HEKTAR REAL ESTATE INVESTMENT TRUSTHektar Real Estate Investment Trust (“Hektar REIT”) is Malaysia’s first listed retail-focused REIT. The primary objectives of Hektar REIT are to provide unitholders with sustainable dividend income and to achieve a long-term capital appreciation of the REIT. Hektar REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 4 December 2006 and currently owns 2 million square feet of retail space in 4 states with assets valued at RM1.2 billion as at 31 December 2023. Hektar REIT is managed by Hektar Asset Management Sdn Bhd and the property manager is Hektar Property Services Sdn Bhd. Hektar REIT’s portfolio of diversified properties includes Subang Parade in Subang Jaya, Selangor; Mahkota Parade and Kolej Yayasan Saad in Melaka; Wetex Parade & Classic Hotel in Muar, Johor; Central Square in Sungai Petani, Kedah; Kulim Central in Kulim, Kedah and Segamat Central in Segamat, Johor. For more information, please visit www.HektarREIT.comFor more information or inquiries, please contact:Hektar Asset Management Sdn BhdD1-U3-10, Solaris DutamasNo 1, Jalan Dutamas 150480 Kuala LumpurMalaysia Investor RelationsTel: +603 6205 5570Fax: +603 6205 5571Email: ir@HektarREIT.comWeb: www.HektarREIT.com Copyright 2024 ACN Newswire via SeaPRwire.com.

26 8 月, 2024

EPB Group Berhad Debut on the ACE Market with a 16.07% Premium Opening Price of RM0.65

KUALA LUMPUR, Aug 23, 2024 - (ACN Newswire via SeaPRwire.com) - EPB Group Berhad (“EPB”), and its group of companies (the “Group”), an established one-stop food processing and packaging machinery solutions provider, proudly made its debut today on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The shares opened at RM0.65 per share, representing a significant 16.07% premium over the IPO price of RM0.56 per share.Ms. Tan Poh Lin, Senior Vice President of Malacca Securities Sdn. Bhd.Mr. Fok Chuan Meng, Head of Dealing of Malacca Securities Sdn. Bhd.Mr. Stephen Chua Chee Keong, Independent Non-Executive DirectorEn. Noor Azman Bin Nordin, Independent Non-Executive ChairmanMr. Liew Meng Hooi, Deputy Managing Director of EPB Group BerhadMr. Yeoh Chee Min, Managing Director of EPB Group BerhadMs. Ooi Kim Kew, Executive Director of EPB Group BerhadMr. Khor Chai Tian, Independent Non-Executive Director of EPB Group BerhadMr. Ooi Hun Pin, Independent Non-Executive Director of EPB Group BerhadMr. Wong Yoke Nyen, Director of WYNCORP Advisory Sdn, Bhd.[L-R] EPB is listed under the stock name "EPB" with the stock code “0317”.Specialising in the design, customisation, fabrication, integration, and automation of production lines, the Group is a recognised leader in the food processing and packaging machinery industry. The Group’s innovative technologies and dedication to operational efficiency have been crucial in enhancing the quality of food processing and packaging solutions, supporting clients' environmental, social, and governance ("ESG") goals, including improving operational efficiency and product quality.The successful initial public offering of EPB raised RM40.08 million from the Public Issue, which will be allocated for the following: -RM24.60 million towards factory expansion, including acquisition of land, construction of factory, and purchase of machinery;RM3.00 million for the repayment of bank borrowings;RM8.48 million for working capital purposes; andRM4.00 million for listing expenses.En. Noor Azman Bin Nordin, Independent Non-Executive Chairman, stated: "We are deeply appreciative of the overwhelming response to our IPO. This significant occasion marks a milestone for EPB, reflecting the hard work and dedication of our team and the market's confidence in our vision and strategy. The increasing demand for automation and advanced machinery in the food processing and packaging sectors presents tremendous opportunities for us. With our listing, EPB is well-positioned to drive growth and innovation. Our plans include expanding our business footprint in Penang by building a new corporate office and a factory to enhance our production capabilities and provide additional warehousing space to meet future demand. We look forward to leveraging these opportunities to deliver greater value to our stakeholders.”Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd., shared: “The successful listing of EPB Group Berhad marks an important milestone for the company and highlights the strong prospects of the industry. The sector continues to evolve with increasing consumer demand for high-quality, efficient automated solutions for food processing and packaging. Concurrently, EPB Group’s strategic focus on technological advancements and customisation uniquely positions it to capitalise on these trends. We are excited to support EPB Group in leveraging these opportunities to drive growth and innovation in the food processing and packaging machinery industry.”Malacca Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter and Placement Agent, and WYNCORP Advisory Sdn. Bhd. is the Corporate Finance Adviser of EPB Group Berhad.About EPB Group Berhad and its group of companies (“EPB Group”)Since EPB Group Berhad (“EPB”) and its group of companies (the “Group”) inception in 1992, EPB Group has established itself as an experienced player in the food processing and packaging machinery industry in Malaysia. Starting with trading manual packaging machines, EPB Group has grown and diversified its offerings to include comprehensive solutions such as the design, customisation, fabrication, integration, and automation of production lines specifically for the food manufacturing and processing sectors. Additionally, EPB Group has expanded into trading of cellulose casings and manufacturing and trading of flexible packaging materials, enhancing its portfolio to cater to the dynamic needs of the food industry. Known for its dedication to innovation, customer-centric solutions, and operational excellence, EPB Group continues to strengthen its position in the market, driven by a commitment to advancing food processing and packaging technologies and expanding its presence both locally and regionally. For more information, visit https://epb.group/Issued By: Swan Consultancy Sdn. Bhd. on behalf of EPB Group BerhadFor more information, please contact:Jazzmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizXinyi ChingTel: +60 19-337 9099Email: x.ching@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.

26 8 月, 2024

Parent Survey Ranks OWIS Nanyang Best School of IB and Diploma Programme in Singapore

SINGAPORE, Aug 24, 2024 - (ACN Newswire via SeaPRwire.com) - One World International School Nanyang Campus was ranked as the Best IB school and best school for the IB Diploma Programme in Singapore this week, a reflection of the school's dedication and commitment to academic excellence based on the values of kindness.OWISThe campus also ranked among the Top three as the best British school in Singapore, and among top 4 in the best school in Singapore categories, according to findings by WhichSchoolAdvisor.com, rounding off the achievements which are updated on a weekly basis."We are thrilled to have been recognised for all the hard work and dedication put in by our fantastic team of educators and teachers," said Mr Atul Temurnikar, Chairman and Cofounder of Global Schools Group - of which OWIS is a part. "We thank our parent community for their faith in us, and for voting us to the top."The rankings were determined through detailed parent surveys that assess a range of factors including school satisfaction, academic performance, value for money, recommendation likelihood and overall sense of belonging. It also took into account survey feedback and positive changes brought about by the schools.Parents were encouraged to participate in the ongoing survey process to provide feedback and influence future rankings."Our inclusion in the list of the Best IB Schools in Singapore is a testament to our unwavering commitment to delivering top-tier education and support for our students," said Mr James Sweeney, Head of OWIS Nanyang. "We are grateful to our parents for their invaluable feedback and continued support."One World International School, which has two campuses in Singapore, is among the top IB schools in the city-state, and has achieved this prestigious position by meeting and exceeding the expectations of its parent community. The school's dedication to providing a nurturing environment where students thrive academically and personally has been highly endorsed by its families.ABOUT GLOBAL SCHOOLS GROUPGlobal Schools Group is an award-winning interconnected network of leading international schools that provides a world-class learning experience. With almost all leading international curricula including Cambridge, IB, American Common Core and CBSE among others, GSG offers one of the widest range of academic programmes available today. The network's smart personalised learning systems and empowering methods with a serious commitment to superior pedagogy and best practices have won it over 600 awards, including the recognition for the Most Awarded Network of Schools. GSG's One World International School, which has 7 international campuses, is one of the fastest growing IB schools in Asia.Contact InformationRupali KarekarDivisional Managerrupali.karekar@globalschools.com+6598734320SOURCE: Global Schools Group Copyright 2024 ACN Newswire via SeaPRwire.com.

25 8 月, 2024

2nd ASEAN Battery Technology Conference Strengthens Southeast Asia Battery Ecosystem Through New Collaborations and Expansion

SINGAPORE, Aug 24, 2024 - (ACN Newswire via SeaPRwire.com) - The 2nd ASEAN Battery Technology Conference (ABTC) returned and strengthened the commitment to develop a close knitted battery development ecosystem among the Southeast Asian countries. Hosted in Singapore this year by the Singapore Battery Consortium at Singapore at the Shangri-La Rasa Sentosa between 21st and 23rd August 2024.The conference is also jointly organised by the alliance of leading battery related associations in the region - the Thailand Energy Storage Technology Association, the National Battery Research Institute, the National Center for Sustainable Transportation Technology, NanoMalaysia, and the Electric Vehicle Association of the Philippines.Dr. Pimpa Limthongkul, Co-Chairman of ABTC and President of the Thailand Energy Storage Technology Association, said, "This year, we are excited to see the expansion of what we have achieved since we last gathered together last year in Bali. Our alliance has grown from three to now six battery associations in Southeast Asia and we will continue to grow in strength. Witnessing the collaborations between the battery associations, private sector and academia is a celebration of how we are moving forward together to drive innovation for a more connected and eco-friendly future in the region.”On the second day of the conference, over 250 participants and the six leading battery associations in Southeast Asia witnessed the signing of three new Memorandums of Understanding or MoUs that will further the development of batteries in the region.From L to R: Prof. Nonglak Meethong (Professor, Khon Kaen University), Mr. Larry Poon (Business Development Manager, INV CORPORATION PTE. LTD.), Dr. Rezal Khairi Bin Ahmad (CEO, NanoMalaysia Berhad), Mr. Bryan Oh (CEO, NEU Battery Materials Pte Ltd) Mr. Freddie Kim (Managing Director, SAMSUNG SDI SOUTHEAST ASIA), Dr. Sing Yang Chiam, Technical Director Singapore Battery Consortium.Three Memorandums of UnderstandingGigafactory Malaysia (GMSB) and NEU Battery Materials (NEU) to Collaborate on Lithium Battery Recycling DevelopmentThe collaboration will focus on developing “Gigafactory” level operations and manufacturing of innovative battery technologies incorporating nanomaterials for mobility and stationary applications. This collaboration is the progression of the Memorandum of Understanding (“Memorandum”) signed in Bali, Indonesia at the 2023 ASEAN Battery and Electric Vehicle Technology Conference (ABEVTC) to promote cross-country collaboration within ASEAN on battery technology.Singapore-based, NEU, who are specialists in LFP battery recycling will ensure a steady supply of recycled battery material, like lithium carbonate and other metals are made available to GMSB’s Hydrogen-Electric-Vehicle-Battery (HEBATT) Centre for performance testing. GMSB is a subsidiary of NanoMalaysia.The testing of the recycled material is to ensure their viability and sustainability within the Malaysia battery ecosystem, which would expand to localised development of a lithium battery recycling ecosystem for the ASEAN region. NEU and GMSB will facilitate this supply and development based on spent battery material being used in an end-to-end ecosystem.This will also pave the way for the exploration of a joint-development programme for improved recycling efficiency between these two companies.Gigafactory Malaysia Sdn Bhd (GMSB) and Khon Khean University (KKU) to Collaborate on Manufacturing of Cells Developed by GMSBGMSB’s and KKU’s collaboration will leverage their joint expertise and resources, with KKU acting as the outsourced manufacturer for batteries developed by GMSB. The collaboration will also provide knowledge sharing in battery testing and certification that will lead to productivity advancements at GMSB's Hydrogen-Electric-Vehicle-Battery (HEBATT) Centre in Malaysia.This Memorandum of Understanding (MoU) is an extension of an agreement signed at the 2023 ASEAN Battery and Electric Vehicle Technology Conference (ABEVTC) in Bali, which involved key organisations from Singapore, Indonesia, Thailand, Malaysia, and the Philippines.Aligned with the ASEAN Battery Network's mission, this MoU aims to strengthen battery technology development within ASEAN.Institute of Materials Research and Engineering (IMRE), Singapore and INV Corporation to collaborate on Joint Research to Develop Hybrid Battery SeparatorsA Research Collaborative Agreement will be signed between the Institute of Materials Research and Engineering in Singapore and INV to develop the next generation hybrid battery separators, which will address the challenges of safety faced by current rechargeable batteries.This collaboration seeks to play on the strengths and IPs in solid state batteries developed in Singapore. INV is headquartered in Singapore and is the largest battery separator film manufacturer in the world. Its production plants are in Sweden and Malaysia.Samsung SDI Southeast Asia ExpansionSamsung SDI, a high-performance battery manufacturer based in South Korea, opened its Regional HQ in Southeast Asia in Singapore on 19 April 2024. Samsung SDI currently has two manufacturing sites in Southeast Asia, located in Malaysia and Vietnam. To enhance customer service, the company has established two sales offices in Vietnam (December 2023) and Singapore (April 2024).Samsung SDI Southeast Asia PTE LTD (SDISEA) also announced that it will open Samsung SDI R&D Singapore (SDIRS) on 1 September 2024, during the 2nd ASEAN Battery Technology Conference (ABTC).Under its vision of making the world greener and more sustainable through innovative technology, Samsung SDI will provide its customers in Southeast Asia with PRiMX (Prime Battery for Maximum Experience) batteries and technologies in pursuit of utmost customer satisfaction.Hosting of the ABTC is rotated among the co-organisers. In 2025, TESTA will host the ABTC in Thailand.For more information on the programme agenda, please visit our official site: https://reg.eventnook.com/event/ABTC2024/homeThe conference's anchor sponsor is Hyundai Motor Group Innovation Center Singapore (HMGICS), with the gala dinner sponsored by INV Corporation Pte Ltd.Gold sponsors include Amphenol Communications Solutions, Quantel Pte Ltd, Infineon Technologies Asia Pacific Pte Ltd, and Gotion Singapore Pte Ltd, while silver sponsors are Concord New Energy Group Limited, Kewell Technology Co.,Ltd., Metrohm Singapore Pte Ltd, TME Systems Pte Ltd.Additional sponsors include Samsung SDI Southeast Asia Pte. Ltd, Siemens Industry Software Pte Ltd, UL Standards & Engagement, and NEWARE Technology Limited. Publicity partners are the EV Association of Singapore, EV Association of Malaysia, and Turn Off Turn On Ventures.Media ContactPRecious Communicationsabtc@preciouscomms.comAbout ASEAN Battery Technology ConferenceASEAN Battery Technology Conference (ABTC) stands out as the premier battery conference in ASEAN, attracting an audience of over 250 participants. We look forward to engaging with a diverse range of participants, including cell manufacturers, pack integrators, and recycling companies. The mission of ABTC is to bring together regional battery expertise, creating unique opportunities within the global battery value chain.The primary objective of ABTC is to foster collaboration among stakeholders in the battery industry. We aim to facilitate insightful discussions covering various topics, such as advanced battery materials, prototyping, cell-to-pack technologies, and recycling strategies.In addition to these focal points, the conference will explore related aspects such as standards, interoperability, and the ongoing evolution of battery safety technology.Organisers of ABTCAbout Singapore Battery ConsortiumSingapore Battery Consortium (SBC) aims to foster strategic R&D partnerships amongst public research performers and industry players in developing and advancing battery technologies. SBC aims to develop and catalyze the local ecosystem in battery-related technologies through this platform. It is hosted at A*STAR and supported by the National Research Foundation Singapore (NRF). Over the past decade, commercial interest in battery development has been on the rise, keeping pace with demand for better battery performance and different performance characteristics for increasingly complex mobility and portable devices. To meet this demand, the Singapore Battery Consortium will bring research outcomes from our laboratories into the market by enabling researchers to understand business requirements, while giving companies access to the latest battery research and technologies to augment their product development efforts.About Thailand Energy Storage Technology Association (TESTA)TESTA or THAILAND ENERGY STORAGE TECHNOLOGY ASSOCIATION aims to help connect stakeholders, educate the public, promote understanding, and nurture technological advancements in energy storage technologies in Thailand. TESTA was officially registered on January 25, 2021, by 5 founding institutes including the National Science and Technology Development Agency (NSTDA), Khon Kaen University (KKU), King Mongkut’s University of Technology Thonburi (KMUTT), King Mongkut’s University of Technology North Bangkok (KMUT-NB), and Electric Vehicle Association of Thailand (EVAT). Over 60 members of the association include energy storage technology enthusiasts from various sectors ranging from academic, research institutes, public sectors, policymakers, and private industries.About National Center for Sustainable Transportation Technology (NCSTT)The National Center for Sustainable Transportation Technology (NCSTT), or Pusat Pengembangan Teknologi Transportasi Berkelanjutan, is from Indonesia and is a unique multidisciplinary research center focused on conducting, supporting and encouraging applied engineering and technology for transportation systems in Indonesia. NCSTT has been recognized globally as the research center which aims to foster the national transportation industry in developing national economics and welfare. NCSTT has built network linkages and research collaborations with national transportation stakeholders such as automotive, railway and aircraft industries, as well as research institutions and universities.About National Battery Research Institute (NBRI)The National Battery Research Institute (NBRI) was legally established on 17th December 2020 as The Center of Excellence Innovation of Battery and Renewable Energy Foundation, with Prof.Dr. Evvy Kartini as a Founder and Prof Alan J. Drew as Co-Founder. NBRI is Indonesia’s independent institute for electrochemical energy storage science and technology, supporting research, training, and education. NBRI aims to contribute to the overall research capacity and training environment in Indonesia in Battery Research. NBRI is a platform that brings together scientists, academicians, industry partners, the government and all stakeholders that focus on battery technology. The main goal of NBRI is to encourage and support a battery manufacturing industry using local resources, which will enable Indonesia to be independent in energy. The NBRI was supported by the UK Government’s Global Challenge Research Fund (GCRF), part of the Queen Mary University of London QR allocation.About Electric Vehicle Association of Philippines (eVAP)eVAP envisions a nation wherein the use of electric vehicles is highly promoted, encouraged and supported by its government and society to develop a transportation landscape that is one with the environment ecologically and economically. eVAP’s mission is to educate the public on environmental awareness, and the economic and ecological benefits of electric vehicles through the conduct of and/or participation in promotional activities.eVAP aims to accelerate society’s conversion from using gas-powered vehicles to electric vehicles and works with the government in the creation and implementation of legislation that will support and encourage the use of electric vehicles.About NanoMalaysiaNanoMalaysia Berhad was incorporated in 2011 as a company limited by guarantee (CLBG) under the Minister of Science, Technology and Innovation (MOSTI) to act as a business entity entrusted with nanotechnology commercialization activities. Some of its roles include commercialization of nanotechnology research and development, industrialization of nanotechnology, facilitation of investments in nanotechnology and human capital development in nanotechnology. Copyright 2024 ACN Newswire via SeaPRwire.com.

24 8 月, 2024