Fashion extravaganza CENTRESTAGE returns in September

- CENTRESTAGE ELITES, the grand opening fashion show, will be held on 3 September at the Hong Kong Palace Museum, featuring a show from world-renowned Hong Kong-born designer Robert Wun that will be live-streamed across multiple online platforms- The exhibition brings together 250 brands from 17 countries and regions, the highest number of brands ever to take part in CENTRESTAGE. For the first time, the event will open to the public for all four days- In line with market trends, new thematic zones for circular fashion and athleisure fashion have been added. Around 40 events will be held during the fair- Steve Chan, director of Weeds on Fire, has created cinematic narratives for the new collections of four fashion designers participating in the Fashion Hong Kong Runway Show, promoting cross-sectoral collaboration in the creative industriesHONG KONG, Aug 20, 2024 - (ACN Newswire via SeaPRwire.com) - CENTRESTAGE, the annual fashion extravaganza organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA), will showcase a rich tapestry of style from 4 to 7 September at the Hong Kong Convention and Exhibition Centre. The event will feature a plethora of fashion shows, parades and seminars led by industry heavyweights, with attendees able to gain insights into the latest industry trends and cutting-edge designs, as well as explore business opportunities. For the first time, the exhibition will be open to both industry buyers and the public for all four days of the fair, providing a unique opportunity for fashion enthusiasts to explore and purchase from a variety of brands offering products for retail sale.Sophia Chong, Deputy Executive Director of the HKTDC, said: "As the government continues to champion Hong Kong’s mega events economy, this year’s CENTRESTAGE will open its doors to both industry professionals and the public for four consecutive days. We extend our warm invitation to local residents, visitors from Mainland China and overseas to immerse themselves in this Asian fashion spectacle. This year, we are proud to showcase a record-breaking 250 brands from 17 countries and regions, including internationally renowned and iconic labels. The CENTRESTAGE runway will come alive with a series of world-class fashion shows including the “Home Coming” grand opening fashion show by Robert Wun at the Hong Kong Palace Museum, further cementing Hong Kong's status as a premier events capital. At the same time, the event will propel the development of the fashion and creative industries in Hong Kong and reinforce our city’s position as an east-meets-west centre for international cultural exchange."CENTRESTAGE ELITES moves to Hong Kong Palace MuseumThis year's CENTRESTAGE ELITES will be held at the Hong Kong Palace Museum on 3 September, the day before the fair gets underway, and will feature the fashion creations of Robert Wun, the first Hong Kong-born designer to feature at Paris Haute Couture Fashion Week. The evening marks his triumphant homecoming and will be the first fashion show ever held at the museum. CENTRESTAGE ELITES will be live-streamed on the CENTERSTAGE website, the HKTDC's YouTube channel and Facebook page, and on other online platforms such as ViuTV App and Yahoo HK. In addition, Mr Wun will showcase his designs in a dedicated exhibition area at CENTRESTAGE’s fairground and host a masterclass session on 5 September at which he will share his fascinating journey to becoming a globally renowned fashion designer.Showcasing the latest collections of local fashion design brands in a cinematic wayThe excitement continues with the Fashion Hong Kong Runway Show on the opening day of the fair (4 September), with four top local fashion brands – ANGUS TSUI, röyksopp gakkai, selfFab., and Z I D I – showcasing their latest collections. Moving beyond the traditional runway format, the event is collaborating with Steve Chan, director of the film Weeds on Fire that won the 1st First Feature Film Initiative organised by the CCIDA (formerly known as Create Hong Kong), to present the fashion creations of the four brands through a unique cinematic storytelling approach. This innovative take on the runway experience allows audiences to explore the world of fashion through a fresh lens while fostering deeper collaboration in Hong Kong's creative industries.The four-day fair will feature a series of other fashion shows, including the "Greater Bay Area Fashion Fusion Show" organised by Fashion Farm Foundation with the CCIDA as Lead Sponsor, the "Macao Fashion Parade" by the Macao Productivity and Technology Transfer Center, "Thai Designers' Showcase" by Thailand’s Department of International Trade Promotion, and the "Hong Kong Kids Fashion Show" by Hong Kong Kids Fashion Week.CENTRESTAGE will feature five zones, including the newly added Athleisure and Circular Fashion zones that will feature products from the increasingly popular activewear fashion and circular fashion sectors. The Craftsmanship zone will feature exquisite artisanship while the Contemporary zone offers chic and avant-garde designs and the Urban zone highlights products targeting the younger segment.Participating at CENTRESTAGE for the first time, the British Consulate-General Hong Kong will bring circular fashion clothing from eight British brands, including the Roksanda label from master British designer Roksanda Ilincic. International celebrities such as American pop star Lady Gaga, former United States First Lady Michelle Obama and British royal Kate Middleton have all worn Roksanda's designs. The designer will attend the exhibition in person, hosting a sharing session at which she will interact with attendees and discuss her path to success.The sports fever sparked by the Paris Olympics Games remains intense. Different sports brands will participate at CENTRESTAGE this year, including internationally renowned golf brand ASHWORTH, which is collaborating with well-known Hong Kong designer Mountain Yam to launch a joint collection at the event.Also in attendance at CENTRESTAGE are local and global industry powerhouses such as the Hong Kong Fashion Designers Association (HKFDA), the Hong Kong Design Institute (HKDI), the Laboratory for Artificial Intelligence in Design (AiDLab), Redress, the Knitwear Innovation and Design Society (KIDS), the School of Fashion and Textiles of the Hong Kong Polytechnic University, and the Hong Kong Research Institute of Textiles and Apparel (HKRITA). Governments and brands from around the world are actively supporting the event and showcasing their collections, including first-time participant the Singapore Fashion Council, Japan's Ueda College of Fashion, the Thailand Textile Institute and the Indonesia Fashion Chamber.HKTDC continues to invite buyers from around the world to source at CENTRESTAGE, including major multi-brand stores such as CNTRBND in Canada, Elevastor in France, VOO Store in Germany, Urbanist Store in the United Arab Emirates, Japan’s The Four-Eyed Limited, ANCHORET from Mainland China and Taiwan’s CLUB DESIGNER.Experts gather to discuss future fashion industry developmentsLeading figures from various fields in the fashion industry will take part in a series of seminars that will provide in-depth insights into the latest fashion trends, industry developments and related technologies. Among them, the Innovation and Technology Symposium organised by the Hong Kong Research Institute of Textiles and Apparel, themed "Scaling from Innovation to Impact", will explore how collaboration can multiply the effectiveness of innovative research and development to help the textile and fashion industry meet future challenges.Entering its ninth edition, CENTRESTAGE not only attracts top international designers and brands but also provides a stage for iconic industry competitions. The finals of the REDRESS Design Award 2024, a sustainable fashion design competition sponsored by CCIDA, will be held at CENTRESTAGE on 5 September. Ten finalists from around the world will come to Hong Kong to showcase their latest designs on the runway and compete for awards. Meanwhile, the Young Knitwear Designer’s Contest (YKDC), organised by the Knitwear Innovation and Design Society, will hold its final fashion show on the third day of the exhibition (6 September).Set to be the grand finale of this year’s CENTRESTAGE, the Hong Kong Young Fashion Designers' Contest (YDC) 2024 will take place on 7 September. Masayuki Ino, founder and designer of Japanese fashion brand doublet, will join as a guest judge alongside a panel of industry experts. Together, they will select the winners from 10 finalists for four awards: the Champion, Excellence Award, Best Art Direction and My Favourite Collection. The public is invited to participate by casting votes online (https://bit.ly/YDC2024_Vote_Now) for their favourite collection.CENTRESTAGE will be held concurrently with HKTDC’s Hong Kong Watch & Clock Fair and Salon de TIME. Attendees can enjoy a one-stop shopping experience for branded apparel and watches from around the world and can enter the “CENTRESTAGE X Watch & Clock” lucky draws that will be held during the exhibitions.Photo download: https://bit.ly/3SXCuVBSophia Chong, Deputy Executive Director of the HKTDC (centre); Katherine Fang, Chairman of the HKTDC Garment Advisory Committee (second left); Corin Wilson, Director, Trade & Investment, British Consulate-General Hong Kong (second right); William Fu, CEO of Ashworth (left); and Mountain Yam, Founder of 112 mountainyam (right) shared insights on the exhibition highlights, circular fashion and athleisure trends at today’s CENTRESTAGE press conference.The exhibition brings together 250 brands from 17 countries and regions, the highest number of brands ever to take part in CENTRESTAGE.The press conference was held at the Hong Kong Palace Museum, a cultural landmark in the city, where the red door backdrop proved popular for photo opportunities.Actress Samantha Ko (centre) joined the CENTRESTAGE press conference wearing a piece of fashionable sportswear from the Ashworth and Mountain Yam collaboration collection.Actress Sofiee Ng (second left) and actor Will Or (second right) showcased fashion pieces designed by young designers Angus Tsui (left) and Derek Chan (right) respectively.Sarika Choi modelled a dress from prestigious British brand Roksanda.Websites :CENTRESTAGE : www.centrestage.com.hkCENTRESTAGE ELITES: https://www.hktdc.com/event/centrestage/en/centrestage-elitesFashion Hong Kong : https://www.fashionhongkong.com.hk/enHong Kong Young Fashion Designers' Contest (YDC):www.fashionally.com/enMedia enquiriesBest Crew Public Relations & MarketingDiana TangTel: (852) 9199 6723Email: diana.tang@bestcrewpr.comReni KwokTel: (852) 6291 4283Email: reni.kwok@bestcrewpr.comHKTDC’s Communication & Public Affairs Department:Snowy ChanTel: (852) 2584 4525Email: snowy.sn.chan@hktdc.orgHKTDC Newsroom:http://mediaroom.hktdc.com/enAbout the HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong ’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. About Cultural and Creative Industries Development Agency (CCIDA)The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan.CCIDA’s website: http://www.ccidahk.gov.hk.Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee. Copyright 2024 ACN Newswire via SeaPRwire.com.

20 8 月, 2024

Kingsoft Announces the Results for the First Half and the Second Quarter of 2024

FINANCIAL HIGHLIGHTSRMB’000(Unaudited)For the 6 MonthsEnded June 30For the 3 MonthsEnded June 30 2024202320242023Revenue4,610,6414,163,7972,473,7662,193,490- Office Software and Services2,413,0792,172,4971,187,7301,120,845- Online Games and Others2,197,5621,991,3001,286,0361,072,645Gross Profit3,782,6883,457,2392,042,0351,831,846Operating Profit1,395,6151,136,015794,037675,713Profit Attributable to Owners ofthe Parent677,923249,530393,35357,187Basic Earnings per Share (RMB)0.510.180.290.04HONG KONG, Aug 20, 2024 - (ACN Newswire via SeaPRwire.com) - Kingsoft Corporation Limited (“Kingsoft” or the “Company”, Stock Code: 03888.HK), a leading software and internet services company in China, announces its unaudited results for the three and six months ended June 30, 2024.In the first half of 2024, Kingsoft’s total revenue reached RMB 4,611 million, representing a year-on-year increase of 11%. Revenue from office software and services business was RMB 2,413 million, while revenue from online games and other business was RMB 2,198 million, accounting for 52% and 48% of total revenue, respectively. Gross profit for the first half of 2024 was RMB 3,783 million, a 9% increase compared to the same period last year.In the second quarter of 2024, Kingsoft’s total revenue reached RMB 2,474 million, representing a year-on-year increase of 13%. Revenue from office software and services business was RMB 1,188 million, while revenue from online games and others business was RMB 1,286 million, accounting for 48% and 52% of total revenue, respectively. Gross profit was RMB 2,042 million, representing a year-on-year increase of 11%.Mr. Jun LEI, Chairman of Kingsoft, stated: “In the second quarter of 2024, we steadfastly implemented our established strategy, and significant progress has been made in our core businesses. Kingsoft Office Group maintained steady operations and adhered to the strategy of 'Multi-Screen, Cloud, Content, Collaboration, AI'. We actively embraced the opportunities presented by large language models, and continuously invested in collaboration and AI R&D to enhance product competitiveness and promote the practical application of new productive forces in the smart office sector. In the online games business, we focused on a quality-centered strategy, delving deeply into classic JX series while actively expanding into new game genres.”Mr. Tao ZOU, the chief executive officer (“CEO”) of Kingsoft, said, “In the second quarter of 2024, we achieved solid growth in revenue and operating profit. Total revenue for the second quarter was RMB2,474 million, representing a year-on-year increase of 13% and a quarter-on-quarter increase of 16%. Revenue from online games and others business was RMB1,286 million, representing a year-on-year increase of 20% and a significant quarter-on-quarter increase of 41%, while revenue from office software business was RMB1,188 million, representing a year-on-year increase of 6%. The operating profit was RMB794 million, representing a year-on-year increase of 18% and a significant quarter-on-quarter increase of 32%.”Office software and services: Official released of WPS AI 2.0, further enhancing the intelligent office experienceIn the first half of 2024, the revenue of Kingsoft Office Group reached RMB2,413 million, representing a year-on-year increase of 11%. In the second quarter, its revenue reached RMB1,188 billion, representing a year-on-year increase of 6%.Kingsoft Office Group upgraded its AI strategy and released WPS AI 2.0. Focusing on individual users, it has launched four AI assistants in writing, reading, data and design. For enterprise users, we released WPS AI Enterprise Edition, which includes AI Hub, AI Docs, and Copilot Pro. For government users, we released Kingsoft Government Office Model , and WPS AI Government Edition.In the second quarter, the individual office subscription business experienced steady growth. We enhanced the cloud-integrated experience of its products, increasing user reliance on WPS cloud services, which in turn boosted user activity on the cloud. Simultaneously, we continually improved users' awareness and utilization of AI features. In the enterprise office sector, WPS 365 continued to drive business transformation, advancing cloud integration and collaborative work processes for government and corporate clients. We also focused deeply on the value scenarios of key government and enterprise customers, incubating secure and efficient industry-wide solutions. In the field of localization industry, we addressed the actual replacement needs of critical industries, achieving localized migration, adaptation, and application reconstruction of office systems. Meanwhile, the overseas business maintained healthy growth, with the upgraded release of WPS AI's international edition and its membership system.Online Games business: Core IP continues to break through, injecting new vitality into developmentIn the first half of 2024, revenue from the online games and others business grew steadily to RMB2,198 million, a 10% increase year-on-year. Revenue for the second quarter was RMB1,286 million, a 20% increase year-on-year and a significant increase of 41% quarter-on-quarter.Our core games have achieved a milestone breakthrough. The mobile version of JX3 Ultimate was successfully launched in June, with full platform data inheritance and interconnectivity with the flagship PC game JX3 Online. The daily active user count across all platforms reached a record high. Many dormant players returned, while new players kept joining, enhancing the baseline for the long-term operation of the IP and injecting new vitality into it. We will hold the 15th-anniversary celebration of JX3 Online in August and launch a new expansion pack in October to further enhance its long-term vitality. The sci-fi mech game, Mecha BREAK, has completed its first domestic public beta test in August.Mr. Jun LEI concluded, “Looking forward to the second half of the year, Kingsoft Office Group will remain dedicated to focusing on AI and collaboration, continue to invest in R&D, and improve the products related to WPS 365 and WPS AI systems. We will also promote their applications in office scenarios across various industries to provide more efficient and intelligent office solutions. Online games business will keep focusing on users, deepen expanded genres and seek new breakthroughs. We will adhere to the technology-driven business, continuously innovate and deliver products and content, and create prime experiences to generate value for our users and shareholders.”About Kingsoft Corporation LimitedKingsoft (3888.HK) is a leading Chinese software and internet service company listed on the Hong Kong Stock Exchange. It has three main subsidiaries: Kingsoft Office, Seasun Holdings and Kingsoft Shiyou. With the implementation of the “transformation toward mobile internet” strategy, Kingsoft has completed a comprehensive transformation in its overall business and management model. The Company has established a strategic layout with office software and interactive entertainment as its pillars, and cloud services and artificial intelligence as its new starting points. Kingsoft has more than 7,000 employees worldwide and holds a significant market share domestically. For more details, please refer to http://www.kingsoft.com.Kingsoft Investor Relations:Li YinanTel: (86) 10 6292 7777Email: ir@kingsoft.comFor inquiries, please contact Hill+Knowlton Strategies:Li YanjiaoTel: (86) 6150 8598Email: po@wsfg.comLai JunshenTel: (852) 9798 0715Email: po@wsfg.com Copyright 2024 ACN Newswire via SeaPRwire.com.

20 8 月, 2024

CHINA BLUECHEM REPORTS REVENUE OF RMB6.007 BILLION

Financial Highlights: (RMB Million)For the Six Months Ended 30 June1H 2024 1H 2023ChangeRevenue6,0076,176-2.7%Gross Profit1,0031,064-5.7%Net Profit Attributable to Owners of the Company6871,715-59.9%Basic Earnings per Share (RMB)0.150.37-59.4% HONG KONG, Aug 20, 2024 - (ACN Newswire via SeaPRwire.com) - China BlueChemical Ltd. (“China BlueChem” or the “Company”, stock code: 3983), China’s largest chemical fertilizer central enterprise in both production capacity and production volume, has announced its unaudited interim results for the six months ended 30 June 2024. The Company achieved revenue of RMB6.007 billion and net profit attributable to owners of the Company of RMB687 million for the six months ended 30 June 2024. The business performance was basically similar to that in the first half of 2023. However, in 2023, a one-off profit was realized from the disposal of 67% equity interest in a subsidiary for strategic reasons, which significantly drove the Company's profit growth in the first half of 2023.Mr. HOU Xiaofeng, CEO and President of China BlueChem said, “Despite the overhaul of multiple plants, the Company still performed well in achieving its target plans for the first half of 2024. During the period, the Company continued to strengthen safety production management and the overall safety situation remained stable. It actively expanded the market and increased efficiency, and continuously promoted management that strives for excellence which resulted in steadily improved governance efficiency. In addition, the Company has consistently adhered to a philosophy of green and sustainable development. Its methanol plant has been awarded the honorary title of “Energy Efficiency Leader” by the China Petroleum and Chemical Industry Federation for 13 consecutive years, and its synthetic ammonia plant has been awarded the honorary title of “Water Efficiency Leader” by the China Nitrogen Fertiliser Industry Association for 5 consecutive years.”In the production perspective, the Company continuously strengthened production and operation control, constantly improved the rationality and economy of equipment maintenance cycles, and released a 5-year rolling plan for equipment maintenance. Among them, the major overhauls of the Fudao Phase I urea unit, Fudao Phase II urea unit, and Hainan Phase II methanol unit were all completed successfully ahead of schedule, laying a solid foundation for subsequent stable operations. In the first half of the year, the Company produced 973,000 tonnes of urea, 707,000 tonnes of methanol, 445,000 tonnes of phosphate fertilisers and compound fertilisers, and 97,000 tonnes of acrylonitrile series products. Except for urea, the production of other products increased year-on-year.In terms of marketing, facing the complex and ever-changing market situation, the Company has further strengthened market analysis and priced scientifically and precisely. Meanwhile, the Company explored deeply the market competitiveness and price elasticity of products, and promoted the development of the competitive sales business of fertilisers and methanol. Additionally, the Company strengthened direct sales through e-commerce, with e-commerce direct sales volume increasing by 54% year-on-year. In the first half of the year, the Company sold 1.003 million tonnes of urea, 668,000 tonnes of methanol, 401,000 tonnes of phosphate fertilisers and compound fertilisers, and 88,000 tonnes of acrylonitrile series products.Looking ahead to the second half of the year, the increase in overall supply of urea is expected to exceed the increase in demand. Domestic urea prices are expected to be weak in the third quarter, but will improve later with the preparation of fertilisers for winter wheat. Regarding phosphate fertilisers, the overall supply is sufficient, while with the combined effects of international procurement, domestic autumn wheat demand, and the release of demand for winter storage fertiliser, the overall demand is expected to be relatively strong with prices remaining cautiously optimistic. Methanol supply is relatively abundant, while imports are expected to resume growth. Downstream demand for Methanol is expected to grow, and the cost side will provide price support. It is expected that the supply and demand situation of Methanol will change frequently,exhibiting primarily wide fluctuations in the market trend. On the other hand, both supply and demand for acrylonitrile are expected to grow, but the increase in supply will be more prominent. The market may continue to experience an oversupply, and spot prices are expected to remain weak.Mr. HOU Xiaofeng, CEO and President of China BlueChem said, “In the second half of 2024, the Company will strive to ensure the safe and stable operation of production facilities, and enhance risk mitigation capabilities. At the same time, the Company will continuously optimize resource allocation, leverage locational advantages, enhance product competitiveness and further explore the potential for marketing efficiency improvement. In addition, the Company will improve refined management standards and establish a cost control indicator system. Furthermore, it will strengthen brand building, strive to create a benchmark base for green agriculture brands and emphasize digitalization, intelligence, and green and low-carbon initiatives. Moreover, the Company will promote equipment upgrades and conduct research on the development planning of green strategic emerging industries.”- End -About China BlueChemical Ltd.China BlueChemical Ltd. (“China BlueChem”) is a listed company that specialises in the development, production and sales of chemical fertilisers and synthetic chemical products. It is the largest Central enterprise in the field of chemical fertilisers in terms of both production capacity and production volume. The Company is a subsidiary of China National Offshore Oil Corporation which mainly engages in the exploration, development, production and sales of crude oil and natural gas. On 29 September 2006, China BlueChem was listed on the main board of The Stock Exchange of Hong Kong Limited with the stock code 3983. Currently, its production facilities are located in Hainan, Hubei and Heilongjiang, China, with a total designed annual production capacity of 1.84 million tonnes of urea, 1 million tonnes of phosphate and compound fertilisers (mono-ammonium phosphate, di-ammonium phosphate and compound fertiliser), 1.4 million tonnes of methanol, 200,000 tonnes of acrylonitrile and 70,000 tonnes MMA. It has a deep water port with a designed annual throughout capacity of 18.28 million tonnes in Dongfang city, Hainan province. Boasting continued growth of its brand value, the Company’s brand value reached RMB5.404 billion in 2023, up by RMB1.433 billion as compared with 2022. In early 2023, the Company was granted “The Outstanding Listed Enterprise Awards 2022 – Excellent Results Performance” by Capital Media in recognition of its impressive and growing financial results.For more information about the Company, please visit its website: www.chinabluechem.com.cn. Copyright 2024 ACN Newswire via SeaPRwire.com.

20 8 月, 2024

Filipino FSI leaders earned major accolades at WFIS Awards 2024

MANILA, Aug 20, 2024 - (ACN Newswire via SeaPRwire.com) - The greatest awards show dedicated to the financial services industry in the Philippines, WFIS Awards 2024 is poised to grab nationwide headlines post-announcing the best FSI minds from 11 exclusive categories.Part of the larger WFIS event, the awards show took place on 14 August between 4 - 7 PM at Manila Marriott Hoteland was attended by the most senior professionals, dignitaries from the public sector, innovators, fintech experts and many others.Vying for the coveted titles, contenders from myriad domains entered the awards show which overall received more than 100 nominations. The nominations were later screened based on their exemplary body of work and other pre-defined parameters by industry’s most trusted names who also formed the jury for the awards show.The jury included Mel Migrino (Chairman and President, Women in Security Alliance Philippines), Anna Marie Pabellon (Deloitte PH Financial Services Industry and Assurance Leader, Deloitte), Imelda Tiongson (Trustee & Board Director, Fintech Alliance Ph & Various Public Listed Companies), Emmanuel Bonoan (Vice Chairman and COO, Head of Advisory, KPMG in the Philippines, R.G. Manabat & Co.), Charlie Valerio (Vice President, Philippines Chief Information Officer Association (PCIOA) and Balaji Viswanathan (Managing Director & CEO, Expleo Solutions Limited).While the jury had a tough time deciding the winners owing to a fierce competition, the names were finally announced and called upon stage to receive the trophies. Below are the results.IT Maestro of the Year - Mark Anthony Santiago, Head, IT Risk Management, UnionDigital BankGRC Advocate of the Year - Julie Reyes, Group Chief Risk and Compliance Officer, MayaData & Analytics Leader of the Year - Aakriti Raj, Principal Data Scientist/ Senior AVP, Security Bank CorporationRetail Banker of the Year - Daryl Sandoval, Head of Micro and Small Lending Division 1, Bank of Makati, A Savings BankCyber Practitioner of the Year - RB Banez, Deputy Chief Information Security Officer and Head of Cyber Security Governance, CIS BayadCX Innovator of the Year - Ramil De Villa, SVP2 & Consumer Lending Group Head, Rizal Commercial Banking Corporation (RCBC)Woman Influencer in FSI - Diana Lim, VP & Deputy Department Head, PETNET Inc.Wealth Management Expert of the Year - Carlos Garcia, Head - Treasury Compliance, GCashChampioning Enterprise GRC Implementation - Rizal Commercial Banking Corporation (RCBC)Data Transformation Excellence Award - UnionBank of the PhilippinesThe evening had a blistering start as the electrifying performance by IOX Entertainment captivated the audience and got them excited. Every element at the show was oozing glamour from the moment the attendees set foot inside the designated platform. The entire space was decked with red carpets, paparazzi lights and a lot of bling to add to the evening’s charm. If that wasn’t enough, the entrancing champagne ladies further raised the platform’s spirits.All in all, it was an evening that gave Indonesia’s financial services community a chance to unwind, feel appreciated for their hard work, and a moment to rejoice. Organizer and CEO of Tradepass, Sudhir Ranjan Jena expressed his delight over the spectacular awards show, “WFIS Awards has now become the most competitive space under the financial services industry as the idea of getting recognized in front of the entire community is something no industry leader wants to miss. While the award categories at World Financial Innovation Series have become the most coveted titles, the huge number of nominations every year is a sheer testament to the platform’s high demand and standard.”For more information about the event, log on to: https://philippines.worldfis.com/About TradepassProviding access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.Media contact:Shrinkhal SharadPR & Communication Leadshrinkhals@tradepassglobal.com + (91) 80 6166 4401Tradepass Copyright 2024 ACN Newswire via SeaPRwire.com.

20 8 月, 2024

Champion REIT Announces 2024 Interim Results

HONG KONG, Aug 19, 2024 - (ACN Newswire via SeaPRwire.com) - Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for the six months ended 30 June 2024. Summary of financial results 1H 20241H 2023ChangeTotal Rental Income (HK$ million)1,1151,168- 4.5%Net Property Income (HK$ million)954995- 4.1%Distributable Income (HK$ million)544617 - 11.9% Distribution per unit (HK$)0.08090.0927- 12.7% 30 Jun 202431 Dec 2023ChangeGross Value of Portfolio (HK$ million)61,40662,950- 2.5%Net Asset Value per unit (HK$)7.427.72- 3.9%Gearing Ratio23.1% 22.8%+ 0.3ppOverviewThe high interest rate environment continued to affect the results of the Trust in the first half of 2024. While the total number of tourist arrivals recorded solid growth, the strong local currency dampened consumption and prompted an outflow of domestic travellers. While Langham Place Mall continued to outpace the market in retail sales, the Hong Kong office rental market remained under pressure in light of the supply conditions. Following the successful refinancing, we have ample undrawn committed facilities of HK$4.0 billion to support all the refinancing needs in 2024 and 2025. Amid the challenging macroeconomic environment, distributable income of the Trust decreased by 11.9% to HK$544 million and distribution per unit (“DPU”) declined by 12.7% to HK$0.0809.Three Garden RoadThe occupancy of Three Garden Road remained resilient despite the abundant supply in the market. We observed more enquiries from asset management firms and family offices, and managed to secure some new small-sized tenants during the reporting period. Occupancy stood at 82.3% as at 30 June 2024. Rental income decreased by 9.0% to HK$571 million (2023: HK$627 million) as a result of negative rental reversion in the first half of the year. Langham Place Office TowerLangham Place Office Tower continues to be a lifestyle and wellness hub with lifestyle tenants occupying 69% of the area as at 30 June 2024. As the recovery of mainland medical beauty tourism after the pandemic was slower than expected, some beauty and medical tenants scaled down their operations. Occupancy was 87.1% as at 30 June 2024. Rental income decreased by 4.5% to HK$166 million (2023: HK$174 million).Langham Place MallLangham Place Mall continued to outperform the overall Hong Kong retail market in the reporting period. While Hong Kong retail sales declined by 6.6% in the first half of the year, tenants’ sales of the mall increased by 2.3%. The beauty segment continued to be the growth driver. Occupancy of the mall returned to full occupancy as at 30 June 2024. Rental income improved to HK$378 million (2023: HK$366 million).DistributionDistributable income of the Trust dropped 11.9% to HK$544 million (2023: HK$617 million) and DPU dropped 12.7% to HK$0.0809 (2023: HK$0.0927). Based on the closing unit price of HK$1.57 recorded as at 28 June 2024, the total DPU represented an annualised distribution yield of 10.3%.Asset ValueThe appraised value of the Trust’s property portfolio was HK$61.4 billion as at 30 June 2024, declining by 2.5% from HK$62.9 billion as at 31 December 2023.Sustainability We continue to advance our commitment to sustainable practices across our properties and value chain. Three Garden Road has become Hong Kong’s first existing building conferred with the prestigious “Quadruple Platinum” after achieving the Platinum certification of Leadership in Energy and Environmental Design (LEED) v4.1 and the Platinum certification of WiredScore v3.1. We also continued to strengthen strategic partnerships with tenants and stakeholders. A key initiative was the ESG Week held in this July which featured a diverse range of impactful activities in collaboration with over 20 partners and organisations.OutlookWhile the market generally expects interest rate cuts to start in the second half of 2024, it remains uncertain about the degree of the adjustment. The global economy outlook is also clouded by geopolitical tensions and policy risks. For the office portfolio, we will stay flexible in our leasing strategy to tailor to the requirements of tenants. We will also continue to refine the tenant mix of Langham Place Mall and recruit first-in-Hong Kong brands to strengthen the appeal to both local consumers and tourists. We will stay agile and flexible in response to the market dynamics.Photo 1 - (Left)Ms. Christina Hau, Chief Executive Officer & (Right) Ms. Amy Luk, Investment and Investor Relations DirectorPhoto 2 - Ms. Christina Hau, Chief Executive OfficerAbout Champion REIT (stock code: 2778)Champion Real Estate Investment Trust is a trust formed to own and invest in income- producing office and retail properties. The Trust focuses on Grade A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as a joint venture stake in 66 Shoe Lane in Central London. The Trust was awarded the top five-star rating by the Global Real Estate Sustainability Standard (GRESB) in 2023.Website: www.championreit.comFor press enquiries:Strategic Financial Relations LimitedVicky LeeTel: 2864 4834Email: vicky.lee@sprg.com.hkCynthia Ng Tel: 2114 4952Email: cynthia.ng@sprg.com.hkTheresa OuyangTel: 2864 4848Email: theresa.ouyang@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.

20 8 月, 2024

SAP Launches Business AI Experience Center in Hong Kong

HONG KONG, Aug 20, 2024 - (ACN Newswire via SeaPRwire.com) - SAP announces the grand opening of its "Business AI Experience Center" located at its Hong Kong office. The center aims to showcase the cutting-edge capabilities of integrated Business AI in driving innovation, enhancing efficiency, and boosting business growth through live use cases and success stories. It is designed to guide enterprises from understanding AI to practical implementation, enabling them to achieve digital transformation, and therefore fully explore the unlimited possibilities brought by Business AI.SAP announces the grand opening of its "Business AI Experience Center"located at its Hong Kong office.Esmond Tong, Managing Director of SAP Hong Kong and Macau, said, " With the Business AI Experience Center, SAP aims to create a platform for enterprises and partners to exchange ideas and gain valuable insights that will enhance their agility and creativity. Enterprises can harness SAP's cloud platform to unlock AI's potential and achieve business benefits. With over 50 years of extensive expertise, SAP offers cloud solutions tailored to meet the diverse needs of businesses across industries, regardless of size or development stage, helping them accelerate business growth and development."Esmond Tong, Managing Director of SAP Hong Kong and MacauEarlier this year, SAP announced the full integration of business AI into its cloud portfolios and the gradual rollout of the generative AI copilot, Joule, across the company’s solution portfolio. This initiative is expected to enhance business functions and improve enterprise performance, with Joule managing 80% of the most frequently used tasks. This will make 300 million end users of SAP products 20% more productive, while significantly improving work quality. Meanwhile, SAP is deepening its collaboration with global strategic partners such as Microsoft, AWS, Google Cloud, and NVIDIA to advance the enterprise application of generative AI.The Business AI Experience Center features four live demonstration scenarios. These allow customers to explore innovative applications of SAP Business AI technology being seamlessly integrated into sales, talent management, and marketing processes.- Joule in ERP: Automates and manages sales orders and related processes, significantly enhancing the performance of sales operations.- Just Ask: A conversational AI analysis tool that provides deep sales insights, empowering businesses to make data-driven decisions and drive sales performance.- Talent Writing Assistant: A generative AI tool that helps managers with performance review, talent management, and compensation processes, streamlining HR operations and improving manager effectiveness.- Joule in Customer Experience: Enhances customer engagement and satisfaction through social media posting and exploratory questions, boosting marketing efforts and brand visibility.The "Business AI Experience Center" is now available for visits by appointment. For more information or to schedule a visit, please contact the SAP Hong Kong sales team at +852 2150 2799.Image Download: https://bit.ly/4dP4a7m###About SAPAs a global leader in enterprise applications and business AI, SAP stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. In 2023, SAP was honored for the eighth time with the "Best Workplace in Greater China" award by Great Place to Work. For more information, visit https://www.sap.com/hk‚For media enquiries, please contact:Strategic Public Relations Group (SPRG):Andico Tsuiandico.tsui@sprg.com.hk+852 2114 4346 / 6902 3831Vincent Ipvincent.ip@sprg.com.hk+852 2114 4341 / 5498 9705 Copyright 2024 ACN Newswire via SeaPRwire.com.

20 8 月, 2024

DreamFolks Expands its Footprint into the Southeast Asian Market

SINGAPORE, Aug 20, 2024 - (ACN Newswire via SeaPRwire.com) - DreamFolks, India's largest airport services aggregator, is proud to announce its strategic expansion into the Southeast Asian market. This milestone marks a significant step in DreamFolks' mission to redefine travel experiences on a global scale.Over the past 12 years, DreamFolks has revolutionized the airport services industry in India by offering a comprehensive suite of premium services through its proprietary technology platform. The company dominates the Indian domestic lounge access market for debit and credit card programs, boasting an impressive 90% market share and partnerships with most major banks and card networks in the country. The Company went public in September’22 with listings on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).DreamFolks' success stems from its cutting-edge in-house technology, which empowers banks and card networks to significantly enhance their card value propositions. This technology helps boost sales, drives loyalty and optimizes cost for these financial institutions. This tech-driven approach has been key to DreamFolks' success in India and will continue to fuel its expansion into other geographies.The company's global footprint now extends to over 3000 touchpoints across more than 100 countries and 500+ cities, serving millions of travellers annually. This extensive network positions DreamFolks uniquely to offer unparalleled service to its clients and their customers in the new markets.Building on its success in the Indian market, DreamFolks is now poised to bring its innovative service aggregation model to the Southeast Asian market with services like airport and railway lounges, e-SIM: travel SIM cards, meet and assist services, airport transfers, golf privileges and more to their customers.As part of this expansion, DreamFolks has established a regional office in Singapore, demonstrating its commitment to the market. The company has also bolstered its leadership team by on-boarding, Adib Kangda, Senior Vice President – International Markets, a seasoned professional with extensive knowledge of the local market dynamics.Liberatha Kallat, Chairperson and Managing Director of DreamFolks, commented on the expansion and said, "Our expansion into Southeast Asia marks a significant milestone in DreamFolks' journey. We're not just entering new markets; we're bringing our vision of seamless, technology-driven travel experiences to one of the world's most dynamic regions. This area represents immense opportunities for growth and innovation in the travel sector. With our proven track record in India, we're confident that our unique service aggregation model will resonate strongly with banks, card networks and enterprises across the region. By entering the Southeast Asian market, we will introduce market-first card innovations, and significantly save costs for our clients. Our focus is on delivering tangible benefits for our clients, ensuring they experience enhanced value and efficiency."This expansion is expected to benefit both clients and travellers in the region. By offering its advanced technology solutions, DreamFolks aims to help banks, card networks and enterprises optimise their offerings, enhance customer loyalty, and streamline operations. For travellers, this means access to a broader range of premium services and a more seamless travel experience. This expansion not only marks a new chapter in DreamFolks' journey but also promises to elevate the standards of travel services across the region.About DreamFolksDreamFolks is a leading travel & lifestyle services aggregator and provides an in-house technology platform that allows its clients such as Banks, Card Networks, Airlines, OTAs, and Enterprises to create custom offerings for their end consumers. DreamFolks today manages the lounge and other benefits for most of the top Banks in India and enjoys a market share of over 90% in the domestic lounge access market for India-issued debit and credit programs. The company went public in Sep ’22 with listings on both BSE and NSE and has a global footprint extending to 3,000+ touchpoints in 100+ countries, across the world.For more information, please visit our website (www.dreamfolks.com) or contact our media relations team.Contact Information: dreamfolks@adfactorspr.comNamrata Sharma – Namrata.sharma@adfactorspr.com Copyright 2024 ACN Newswire via SeaPRwire.com.

20 8 月, 2024

Food Expo and concurrent events spurs public shopping spree

- Food Expo, Food Expo PRO, Beauty & Wellness Expo, Home Delights Expo and Hong Kong International Tea Fair drew to a successful close today. The five concurrent fairs welcomed some 1,860 exhibitors from 30 countries and regions and attracted over 500,000 visits- Over 90% of local exhibitors accepted electronic payment options for added attendee convenience, and the per capita spending reached HK$1,615; an increase of more than 6% compared to last year- Four new theme days drove local spending, creating a vibrant spending atmosphere- The International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM), ended on a high note with 18 renowned speakers discussing the latest issues, including the development of Chinese medicine products in the Greater Bay AreaHONG KONG, Aug 19, 2024 - (ACN Newswire via SeaPRwire.com) - The HKTDC Food Expo, HKTDC Beauty & Wellness Expo and HKTDC Home Delights Expo, organised by the Hong Kong Trade Development Council (HKTDC), drew to a successful close today, with the total number of visits reaching over 500,000, and an overall spending capita of HK$1,615. The five trade fairs attracted some 1,860 exhibitors from 30 countries and regions and were bustling with visitors amidst a lively spending atmosphere, highlighting the strong appeal and reputation of these annual flagship events.The Food Expo PRO and Hong Kong International Tea Fair also ended on a high note on 17 August. The two trade fairs saw exhibitors and trade buyers from around the world, including some 20,500 buyers from 60 countries and regions. Buyers outside Hong Kong mainly came from Mainland China, Taiwan, Indonesia, Japan, Korea, Malaysia, Philippines, Thailand, and more, reinforcing Hong Kong’s position as a major food and beverage trading hub in the region. The ICMCM, organised by the Modernized Chinese Medicine International Association (MCMIA) together with the HKTDC and ten scientific research institutions, also successfully concluded on 16 August.Sophia Chong, HKTDC Deputy Executive Director, said: “This year, for the first time, four theme days featured across all fairs contributing to their resounding success. Well-designed, exciting and innovative activities drew large crowds, fuelling visitor spending. This year, the introduction of a dedicated Halal food and beverage label, on products from more than 100 exhibitors at the Food Expo PRO and Food Expo was welcomed by buyers and the public visitors. We were pleased to see the Hong Kong International Tea Fair continue to gain strong support from regional pavilions and exhibitors. The five fairs successfully created significant business opportunities for exhibitors, and a vibrant shopping destination for the public.”Over 90% of local exhibitor accepted electronic payment methods with per capita spending reached HK$1,615Over 90% of local exhibitors at the Food Expo, Beauty & Wellness Expo, and Home Delights Expo accepted electronic payment. In a survey conducted on-site by the HKTDC. More than 50% of about 1,500 respondents said they had spent HK$1,000 or more at the exhibition. Nearly 85% of respondents said they paid electronically, emphasising how e-payment boosts spending by offering visitors ease and convenience. The overall per capita spending was estimated at HK$1,615; a year-on-year rise of more than 6%.Strong consumption fuelled by encouraging sales resultsThe city’s premier annual Food Expo is dedicated to showing the world’s finest cuisine and wines.Taiwan exhibitor Grass Lands Food Co., Ltd. exhibited at the fair for the first time and achieved great results with a whole container crispy jerky and chewy jerky sold out by the fourth day of fair. According to Yu-Hung Wang, manager of Grass Lands Food Co. Ltd, said, “Many consumers from Mainland China and Hong Kong showed great interest in our jerky products and the sales were exceptional and far exceeded our expectation. We successfully promoted our brand and products at the fair."The Beauty & Wellness Expo showcased quality products, including popular home-use beauty devices, skincare brands, hair care products, and more. The Korean beauty brand, medicube, returned to the fair with an enlarged booth of 96 square metres. The brand’s senior associate of beauty marketing team, Julie An, saw a lot of potential in Hong Kong for Korean beauty brands and brought two more brands to this year’s fair. Their best seller was the medicube’s AGE-R Booster Pro beauty device with an average daily sales volume of more than 1,000 sets at the special Expo price of HK$1,700 each. Other medicube beauty products were also well-received by Hong Kong consumers with new customers responsible for more than 75% of sales.The Home Delights Expo featured massage chairs, smart home technology, stylish homeware, bedding and furniture. Giormani, a custom-made sofa specialist renowned for its quality and design, made its first appearance at the Home Delights Expo this year. Shop Manager, Kenji Wan, said the booth attracted a lot of attention from new customers. With the special discounts of up to 59% off to stimulate onsite sales, they expected a sales turnover of approximately HK$2 million.Trade fairs opened doors to new business opportunities for Halal productsThe Food Expo PRO brought together leading food and beverage companies, technology enterprises and representative organisations from countries and regions around the world.In line with the growing interest in Halal food, a new label was introduced to help buyers easily identify and source Halal food and beverages. Joseph Leung, senior adviser of business development at Haichang Ocean Park Holdings Ltd, a developer of a marine theme park resort in Saudi Arabia, placed substantial orders with exhibitors from Thailand and Mainland China, securing annual contracts worth up to US$500,000 of Halal-certified rice and tea.The Food Science and Technology zone showcased the latest food products, services and technology to help the industry explore business opportunities. Elevatefoods Technology showcased their patented smart 3D food printing and multi-level cooking technology. Connie Lee, Co-founder and CEO, said: “Food tech is a fast growing trend in the industry and the Food Expo PRO served as a solid platform to launch our innovation and technology with buyers from Japan, Korea, Singapore, Thailand and Vietnam showing interest in our 3D food tech devices.” Food Expo PRO also welcomed 20 pavilions from different countries and regions. Panita Shinawatra, Acting Director General of Thailand’s Small and Medium Enterprises Promotion, said they have lined up 10 food producers from Thailand to promote Thai-style food and beverage products at Food Expo PRO. They received very strong response in particular from buyers from Mainland China and Hong Kong and orders worth more than US$300,000 were secured for snacks, seasoning and other products.Abdul Rahman, CEO of Trans-Atlantic Trading Company Limited from Kenya, exhibited at the Hong Kong International Tea Fair for the first time and established links with 15 buyers from Mainland China, Hong Kong, Egypt, Malaysia, Singapore and Vietnam. The company expects to receive new orders worth US$2 million directly from the fair.Hybrid mode connects local and international business opportunitiesThe Food Expo PRO and the Hong Kong International Tea Fair operated under the hybrid model EXHIBITION+, allowing global food and tea buyers to connect through physical and online platforms. Click2Match, a smart business matching platform, will continue to facilitate online meetings until 24 August.ICMCM fosters collaboration and advances the industry through dynamic exchangesThe ICMCM, organised by the Modernized Chinese Medicine International Association (MCMIA) in partnership with the HKTDC and ten scientific research institutions, drew to a successful conclusion. The conference fostered insightful discussions on timely industry issues, including opportunities and challenges in Chinese medicine research, and cross-regional exchanges and development of Chinese medicine products in the Greater Bay Area.Held alongside the Food Expo, Beauty & Wellness Expo, Home Delights Expo, the Food Expo PRO and the Hong Kong International Tea Fair, the conference contributed to a dynamic, multi-faceted event encompassing food, beauty, health, household goods, and Chinese medicine. This synergy fostered a vibrant platform for cross-industry exchange and collaboration.Photo download: https://bit.ly/4cMH1S9Organised by the Hong Kong Trade Development Council (HKTDC), the Food Expo, Beauty & Wellness Expo, and Home Delights Expo, and the two trade fairs — Food Expo PRO and Hong Kong International Tea Fair drew to a successful close. The five fairs attracted over 500,000 visitsThe Food Expo PRO welcomed 20 pavilions from different countries and regions, including multiple provinces in Mainland China, the neighbouring Japan and Korea, Thailand, Indonesia, Malaysia and Philippines from the ASEAN region, Poland and Mexico from outside Asia, and moreThe Hong Kong International Tea Fair featured four pavilions: Sri Lanka, Fujian, Hunan, and the first-ever pavilion by the Hong Kong and Kowloon Tea Trade Merchants AssociationOn the fair opening day (15 August), the theme “Delights Across Mainland China” introduced visitors to famous dishes from various regions of Mainland China. The China National Agricultural Pavilion, organised by the Agricultural Trade Promotion Centre, the Ministry of Agriculture and Rural Affairs of Mainland China, showcased over a thousand agricultural and food products from 12 provinces in Mainland China“Happy Friday” on 16 August featured mixology shows by star mixologists and food crafting demonstrations showcasing culinary aesthetics. A wide selection of fine wines was available at promotional prices at the Food Expo's Gourmet ZoneOn 17 August, “Japan & Korea Express” Day immersed visitors in the vibrant culinary and lifestyle trends of both countries, including experiencing the grace of traditional Japanese dance and the skill of judo demonstrations, kimchi-making demonstrations by a Korean chef, seminars on Korean health foods, and taekwondo and dance performancesSpanning over the weekend from 17-18 August, the "Wellness Weekend" offered seminars and workshops, including sessions on healthy tea brewing. The “Youth Hair Salon” organised by the Hong Kong Hair & Beauty Merchants Association, offered on-site haircuts daily during the ExpoThe fairs came alive with popular and engaging events, such as the Star Chef cooking demonstrations, Smart Bidding sessions and lucky drawsThe hybrid International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM) was themed "The Industry-University-Research Collaboration and Clinical Research on Traditional Medicine", and featured 18 keynote speakers from Hong Kong, Mainland China and overseas who discussed development trends, scientific research achievements, successful experiences, regulations, and the outlook of Chinese medicine and health products in connection to the “Belt and Road” initiativeFor more information, please visit:HKTDC Food Expo PROfoodexpopro.hktdc.com/HKTDC Hong Kong International Tea Fairhkteafair.hktdc.com/HKTDC Food Expohkfoodexpo.hktdc.com/HKTDC Beauty & Wellness Expohkbeautyexpo.hktdc.com/HKTDC Home Delights Expohomedelights.hktdc.com/Media EnquiriesOgilvy Public Relations:HKTDC’s Communications and Public Affairs Department:Cynthia Sit (852) 9425 4547 cynthia.sit@ogilvy.comFrankie Leung (852) 2584 4298frankie.cy.leung@hktdc.orgLeanne Pok (852) 9379 9694leanne.pok@ogilvy.comClayton Lauw (852) 2584 4472clayton.y.lauw@hktdc.orgMedia Room: http://mediaroom.hktdc.comAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.

20 8 月, 2024

Data Center Xpo Saudi Arabia 2024: Where Data Drives Innovation

RIYADH, Aug 19, 2024 - (ACN Newswire via SeaPRwire.com) - Saudi Arabia has navigated significant challenges in developing its data center infrastructure and 5G networks. Initially, the country faced hurdles such as high costs, regulatory barriers, and the need for substantial technological upgrades. However, through strategic investments and partnerships with global technology leaders, Saudi Arabia has steadily advanced its digital landscape.Initiatives like Vision 2030 have been pivotal, promoting digital transformation as a national priority. The government has implemented policies to foster innovation, streamline regulations, and attract foreign investments. Moreover, substantial funding in research and development, alongside the establishment of tech hubs and smart cities has accelerated progress. This resilience and forward-thinking approach have enabled Saudi Arabia to overcome early obstacles, positioning it as a burgeoning digital hub with a robust 5G and data center ecosystem, ready to support the nation's ambitious economic and technological goals.5G can transform Saudi Arabia into a Gigabit society, offering speeds up to 100 times faster than 4G and latency as low as 1ms. This technology enables telecom operators to ease network congestion in high-density areas, significantly enhancing the consumer experience while reducing the cost per bit. The result is a more efficient, reliable, and high-speed connectivity that supports the country's digital transformation and technological advancements.Overview of the event: The Data Center Xpo: where innovation meets strategy in the digital era. As data grows in importance, this summit is a beacon for professionals. Join visionaries and experts to explore trends, exchange viewpoints, and unveil transformative solutions. Beyond limits, it's a hub for networking, learning, and collaboration with insightful sessions, workshops, and discussions on data analytics, AI, and emerging tech.From demystifying the intricacies of data to deciphering the forthcoming wave of technological progress, the Data Centre Xpo seamlessly transforms knowledge into actionable insights. This conference is positioned to foster connections, forge partnerships, and unleash the limitless potential of excellence driven by the strategic application of data-driven solutions.Who will attend?Sultan Moraishedi, Group Chief Cybersecurity, Data And Business Excellence Officer,Red Sea Global.Abdullatif AlBlowi, Director Of Innovation And Technology Communications, Space & Technology Commission - CST.Anas Mosa,IT Director ,PIF Projects.Fahad Mahmoud Bedaiwi, Executive Vice President,Head Of Facilities, Management And Engineering,The Saudi National Bank.Mohammed Shah,IT & Smart City, Director Knowledge Economic City.Ahmed AlThuhaibi, Chief Of IT, Saudi Pro League.Kamal Farag, Digital Services Director,Human Resources Development Fund - HRDF - KSA.Mushtaq Ahmed, Enterprise Architecture And Digital Strategy Director, Saudi Post-SPL.Abdullah Abdulwasa, Chief Digital Officer, Al- Faisaliah Group.Sulafah Jabarti, Chair of the Digital Economy Committee, International Chamber of Commerce - Saudi Arabia.The event will cover topics like:Synergy Unveiled 5G Networks and Data centres Shaping Tomorrow's Digital Eco System.Unleashing the Potential of Al in Data Center Management.Efficient Remote Management Strategies for Modern Data Center.Unleashing the Power of Hyper Scalability Transforming the Data Center for Ultra Responsive Performance.Navigating the Hybrid Cloud Landscape.Towards Sustainable Computing Implementing Green Data Center Strategies.For more information and to register for Data Center Xpo click the link: https://exito-e.com/datacenterxpo/saudi/About ExitoExito, which means success in Spanish, embodies our commitment to the success of our customers. Each year, we host over 240 virtual and in-person conferences globally, bringing together audiences with world-class thought leaders and C-level executives across industries. Our meticulously crafted agendas, based on extensive research and valuable industry insights, facilitate business, knowledge transfer, deal flow, and impactful messaging for brands.For Media Enquiries, contact:Kasturi Nayak (Sr. Marketing Executive)Kasturi.nayak@exito-e.comEnquiry@exito-e.comExito Media Concepts Copyright 2024 ACN Newswire via SeaPRwire.com.

19 8 月, 2024

BankPozitif’s Chairman Dr. Erkan Kork: Turkiye Will Continue to Attract Qualified Investments

ISTANBUL, August 19, 2024 (ACN Newswire via SeaPRwire.com) - Türkiye received $4.7 billion in international direct investment in the first six months of this year. The Netherlands, the USA, Germany, Ireland, Norway, and the United Kingdom were the countries from which Türkiye received the most investment capital.BankPozitif's Chairman, Dr. Erkan KorkCommenting on the issue, BankPozitif Chairman Dr. Erkan Kork stated that despite the global decline in international direct investments, Türkiye has performed better, saying, "Our country is attracting significant investments from global actors with its entrepreneurial business culture, young population, and competitive products and services. Over the last 20 years, Türkiye has become a country that attracts 1% of the world's investments annually. The goal is to increase this rate to 1.5% by working even harder. Türkiye is not far from this target with the political stability provided by our President Recep Tayyip Erdogan, the reforms implemented, infrastructure investments, and investor-friendly policies. Under the vision and determined stance of our Minister of Treasury and Finance, Mr. Mehmet Simsek, our country is on the path to becoming a center for international investments.""It would be no surprise to hear news of new investments"Noting that Türkiye would achieve a much different picture with price stability, Kork said, "Türkiye Cumhuriyet Merkez Bankası Governor Fatih Karahan and his team are, so to speak, working tirelessly day and night. The improvement in the current account balance is evident. Recently, with the increase in our reserves and the correct steps taken, the Turkish Lira has reached an attractive position. Achieving price stability opens the door to the process leading to financial stability. In a country where there is financial stability, the appetite for investment is high," he said."Large-scale investments will come in the fintech sector"Dr. Erkan Kork stated that Türkiye would continue to attract qualified investments, especially those focused on the export of goods and services, saying, "The total value of international direct investment inflows to our country since 2002 has exceeded $268 billion. The investments received in the first six months of 2024 accounted for 28% of the current account deficit. This rate will increase further. Türkiye, which is a production, logistics, and management center for international investors, will continue to attract technology investments, particularly in fintech and e-commerce. I believe that capital inflows will continue not only from Europe and the USA but also from the Gulf countries," Dr. Kork said.About BankPozitifOperating in the field of digital banking, BankPozitif is a Turkey-based financial institution that enables individuals and businesses to carry out their financial transactions quickly and efficiently through a single digital platform. The bank offers digital investment banking with personalized financial solutions and innovative technologies for its customers. Source: BankPozitif [https://www.bankpozitif.com.tr]This press release is issued through EuropeNewswire.Net (www.europenewswire.net) and distributed by EmailWire (www.emailwire.com) – the gloabal newswire that provides Press Release Distribution with Guaranteed Results™. Copyright 2024 ACN Newswire via SeaPRwire.com.

19 8 月, 2024

Q2 Metals Drills 120.3 M at 1.72% Li2O including 19.0 M at 2.06% in First Assays Reported from its Spring 2024 Drill Campaign at the Cisco Lithium Property, James Bay, Quebec, Canada

Highlights:Strong analytical results from the inaugural drilling campaign for Q2 Metals including:CS-24-010: Cumulatively 181.1 metres ("m") at 1.67% Li2OWidest interval of 120.3 m at 1.72% Li2O including 19.0 m at 2.06% Li2OCS-24-007: Cumulatively 94.6 m at 1.52% Li2OWidest interval of 27.1 m at 1.96% Li2O including 11.1 m at 2.49% Li2OCS-24-008: Cumulatively 27.0 m at 1.63% Li2OWidest interval of 19.3m at 1.75% Li2O including 6.2 m at 2.23% Li2OCS-24-009: Cumulatively 115.9 m at 1.48% Li2OWidest interval of 82.1m at 1.43% Li2O including 15.7 ma t 1.88% Li2OVancouver, BC, Aug 19, 2024 - (ACN Newswire via SeaPRwire.com) - Q2 Metals Corp. (TSX.V:QTWO)(OTCQB:QUEXF)(FSE:458) ("Q2" or the "Company") is pleased to report on the first core assay results from drill holes CS-24-007 to CS-24-010 from the Spring 2024 Drill Campaign at the Cisco Lithium Property (the "Property" or the "Cisco Property") located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada."These first four holes of our inaugural drill program at Cisco have exceeded our expectations with higher grades within some of the wider intervals such as Hole 10," said Q2 Metals VP of Exploration, Neil McCallum. "We look forward to releasing more analytical results in the coming weeks as they become available.""Between closing our financing earlier this month and the work we've done in the field, 2024 has been an exceptional year for Q2 Metals so far," said Q2 Metals President and CEO, Alicia Milne. "We have just begun our work at the Cisco Property, and having only completed 12 drill holes, these initial results are exceptionally promising."The analytical results reported herein represent the first 1,017 m of drilling over four (4) holes of the 3,753 m that were drilled over 12 holes at the Cisco Property. Initial visual results of those four holes were reported by the Company on June 17, 2024.The Spring 2024 Drill Campaign was designed to expand upon the 2023 drilling by the Property vendors. Hole CS-23-05 ("Hole 5") drilled by the Property vendor ended in pegmatite and assays results confirmed a total of 115.4 m at 1.40% Li2O, cumulatively within five (5) separate pegmatite intervals. Holes CS-24-009 and 010 ("Hole 10") were designed as 50 m westward step-outs from Hole 5. Assay results from these two holes confirmed wide intervals of spodumene pegmatite, with the widest interval reaching 120.3 m at 1.72% Li2O, including 19.0 m at 2.06% Li2O in Hole 10.Complete highlighted intervals from holes CS-24-007 to 010 are summarized in Table 1 and represented in Figure 1. All intervals of greater than two (2) metres of core-length are included in the table. Internal dilution of non-pegmatite material was limited to intervals of less than five (5) metres. No specific grade cap or lower cut-offs were used during grade and width calculations. All intervals are reported as core widths and mineralized intervals in all the holes drilled thus far are not representative of the true width as the modelled pegmatite zones are being refined with every additional hole.Figure 1. Map of Inaugural Drill Hole Analytical Results at Cisco PropertyTable 1. Summary of Analytical Results of Spring Drill Holes at Cisco PropertyResults from approximately 2,700 m of drilling eight (8) holes (CS-24-011 to CS-24-018) remain to be reported from the Spring 2024 Drill Campaign and will be released as soon as results are available. Drilling at the Cisco Property is ongoing and will continue into the fall of 2024.About the Cisco PropertyThe Cisco Property is comprised of 222 mineral claims and is 11,374 hectares in size. It is located less than 10 kilometres ("km") east of the Billy Diamond Highway, and is approximately 150 km north of Matagami, a small town that contains the closest rail link to much of James Bay. The Property lies within the greater Nemaska Community lands of the Eeyou Istchee Territory, James Bay, Quebec.The Property is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130 km and 180 km away, respectively.Sampling, Analytical Methods and QA/QC ProtocolsAll drill core samples were shipped to SGS Canada's preparation facility in Val D'Or, Quebec, for standard sample preparation (code PRP92) which includes drying at 105°C, crushing to 90% passing 2 mm, riffle split 500 g, and pulverize 85% passing 75 microns. The pulps are then shipped by air to SGS Canada's laboratory in Burnaby, BC, where the samples are homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50).A Quality Assurance / Quality Control protocol following industry best practices was incorporated into the sampling program.Qualified PersonNeil McCallum, B.Sc., P.Geol, is a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical information in this news release. Mr. McCallum is a director and VP Exploration for Q2.About Q2 Metals CorpQ2 Metals is a Canadian mineral exploration company focused on unlocking its portfolio of lithium projects in the Eeyou Istchee James Bay region of Quebec, Canada, that includes both its 100-per-cent-owned Mia Lithium Property and the Cisco Lithium Property.The Cisco lithium property is located approximately 150 km north of Matagami, Que., and comprises 222 mineral claims and is 11,374 ha in size. The property has district-scale potential with an already identified mineralized zone and a discovery drill result of 115.4 metres at 1.40 percent lithium oxide (hole CS-23-05), cumulatively in five separate pegmatites.FOR FURTHER INFORMATION, PLEASE CONTACT:Alicia MilnePresident & CEOAlicia@Q2metals.comJason McBrideCorporate CommunicationsJason@Q2metals.comTelephone: 1 (800) 482-7560E-mail: info@Q2metals.comWWW.Q2Metals.comFollow the Company: Twitter, LinkedIn, Facebook, and InstagramForward-Looking StatementsThis news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company's properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, drilling results on the Cisco Property and inferences made therefrom, the potential scale of the Cisco Property, the focus of the Company's current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company's expectations in connection with the projects and exploration programs being met, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at www.sedarplus.ca.Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE: Q2 Metals Corp. Copyright 2024 ACN Newswire via SeaPRwire.com.

19 8 月, 2024

The Perse School (Singapore) to Launch New Campus in 2025

SINGAPORE, Aug 19, 2024 - (ACN Newswire via SeaPRwire.com) - The Perse School (Singapore) (TPSS) has won the tender conducted by the Economic Development Board (EDB) and Singapore Land Authority (SLA) in the first half of 2024 to provide foreign system education on the site at 58 Chestnut Drive.Under new leadership, led by CEO Johan Stromsater and school principal, Daniel Cross, TPSS targets a launch on the new campus in January 2025 with a future-focused Cambridge curriculum to equip students with academic, critical thinking, problem-solving, and leadership skills. TPSS is working towards ERF registration, and subject to regulatory approval, will open to students from 3-11 years of age from January 2025 and extend to include 12-18 years of age from 2026. This development marks the beginning of an exciting phase for TPSS as the new management seeks to offer a blend of British academic excellence, co-curricular opportunities, and pastoral care for students with fees starting at $22,750 per year."We are excited to bring The Perse's long-standing tradition of excellence to the International School sector in Singapore at a fee level that will make a top tier British education attainable," says Johan Stromsater, CEO of TPSS. “Our mission is to nurture happiness and success among our students, and we are committed to developing a diverse student community and an inspiring educational environment where every student can thrive."“Singapore’s diverse and high-quality selection of Foreign System Schools enhances our competitiveness as an attractive location for international companies and global talent. The Perse School (Singapore) will add to the landscape and serve the varied education needs of expatriate families here,” said Ms Ho Weng Si, Senior Vice President, Industry Manpower Development, EDB.The leadership team comprises:Johan Stromsater: CEO of Futuris Education and now CEO of TPSS, previously served as CEO of the Canadian International School in Singapore.Daniel Cross: Founding Principal of TPSS, is relocating to Singapore from Cambridge after 24 years at The Perse School Cambridge, most recently as Senior Deputy Head. "I am thrilled to bring the rich traditions and academic excellence of The Perse School to Singapore. We aim to provide a world-class education that blends academic rigour with a modern, future-focused skills curriculum."Kephren Sherry will be the Head of Pelicans (Early years) and Junior School, with 28 years in education and 12 years in the international school system. "Joining The Perse School Singapore is an incredible opportunity to shape the future of education for thousands of children."Innovative CurriculumTPSS will offer a comprehensive education from early years (3 years) to senior school (18 years). The school's curriculum will prepare students holistically for the challenges and opportunities of the future, equipping students with academic rigour, critical thinking, problem-solving, and leadership skills. The Pelican Junior and Senior programs will follow the International Cambridge curriculum until iGCSE, with Years 12 and 13 adopting the International Baccalaureate (IB). The curriculum will have a strong emphasis on STEM subjects and bilingual programs, and will also integrate skills such as robotics, coding, and entrepreneurship into the core timetable.State-of-the-Art FacilitiesThe new campus will be located at 58 Chestnut Drive, the former site of Chestnut Drive Secondary School. The campus is undergoing significant renovations to create a state-of-the-art learning environment, with facilities that will include modern classrooms, a multi-purpose sports field, and specialised arts, music, and drama learning spaces. The first phase of the development is expected to be completed in time for the school opening in January 2025, with further development phases planned outside of school term time throughout 2025.Mission and Values of The Perse School SingaporeTPSS is under licence from The Perse School Cambridge International who will closely support the schools design and setup. With over 400 years of British academic excellence and heritage, the setup will be guided by a commitment towards academic excellence, extracurricular activity, and pastoral care to nurture well-rounded students. This is underpinned by The Perse core values of Endeavour, Intellectual Curiosity, Breadth and Balance, and Care for One Another and the Environment.Ed Elliott, Head of The Perse School Cambridge, remarks: "The close collaboration between our campuses will ensure the consistent delivery of The Perse's high standards and values. In a typical year, 40-50 Perse Cambridge pupils will receive offers from Oxford or Cambridge Universities. Perse Cambridge students received a combined 718 university offers this year, including 589 from the UK's prestigious Russell Group universities. Our success in university placements stems from an excellent academic education, complemented by our commitment to individual personal development through extracurricular programs like our Perse Exploration Society. These initiatives prepare students for further education, employment and adult life. Offering pathways to higher education and careers has been a hallmark of The Perse for centuries, and we aspire to extend these opportunities to our students in Singapore."A bank of imagery available for media use, including the leadership team, can be found on this drive link.About The Perse School (Singapore)The Perse School (Singapore), owned and operated by Future Education PTE LTD, offers an outstanding education affiliated with The Perse School Cambridge International. Perse Singapore's focus is on academic excellence, extracurricular activity, and pastoral care to nurture rounded students. Our core values—Endeavour, Intellectual Curiosity, Breadth and Balance, and One Another and the Environment—guide and shape the school's culture.About The Perse School CambridgeThe Perse School offers an excellent academic education complemented by extracurricular programs like the Perse Exploration Society. For more details, visit www.perse.co.uk.Contact: knsawtell@perse.co.uk or sdarmitage@perse.co.ukContact Information:For media enquiries or more information, please email Contact@perse.com.sg. Social Media Links:Facebook Instagram: @Theperseschoolsingapore LinkedIn http://www.Perse.com.sgFor more information, please visit www.perse.com.sg Copyright 2024 ACN Newswire via SeaPRwire.com.

19 8 月, 2024

Qunabox Interim Report Announced: Revenue and Profit Continue to Grow

HONG KONG, Aug 19, 2024 - (ACN Newswire via SeaPRwire.com) - Entering mid to late August, the Hong Kong stock market began to enter the peak period of interim report disclosure. Some high-quality enterprises, with their unique business models and outstanding performance in management and operation, achieved significant performance growth and stood out in the Hong Kong stock market, such as Qunabox Group (00917. HK).Revenue and profit continue to grow significantly, set to be included in Hong Kong Stock Connect in SeptemberQunabox Group is the largest AI interactive terminals network company in China and also the pioneer in providing AloT marketing solutions through experiential intelligent terminals. It uses AI interactive terminals to deliver innovative, engaging and immersive product experiences which align with evolving market trends and consumer needs. It effectively connects fast-moving consumer goods (FMCG) brands with their customers and consistently delivers comprehensive marketing solutions that seamlessly integrate both online and offline channels, addressing a variety of scenarios.Qunabox Group was listed on the main board of the Hong Kong Stock Exchange in May 2024. As a newly listed company, in the first half of 2024, the Company delivered an impressive results in its debut after going public with innovative marketing models, precise market positioning, and efficient service execution.On 15 August, Qunabox Group released its 2024 interim results report. Data shows that in the first half of 2024, the Company recorded revenue of RMB515.1 million, representing a year-on-year increase of 41.7%; gross profit of RMB281.4 million, representing a year-on-year increase of 45.0%; and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of RMB121.4 million, representing a year-on-year increase of 35.9%. As at 30 June 2024, cash and cash equivalents and restricted cash amounted to RMB887.6 million. The rapid growth of performance, stable financial condition, and adequate liquidity not only demonstrate the Company's strong market competitiveness and growth potential, but also provide solid financial support for the Company's long-term high-quality development.According to the announcement of Hang Seng Indexes Company on 16th August, Qunabox Group has been successfully selected to be included as a constituent change of the Hang Seng Composite Index, which will become effective on 9th September. After the inclusion in Hong Kong Stock Connect, the Company will receive more attention from investors and its liquidity is expected to be further enhanced.Well recognized by market, AI interaction marketing becomes the main driving force for performance growthPublic information shows that Qunabox Group's business mainly includes marketing services, merchandise sales and other services, among which, marketing services revenue accounts for nearly 80%, being the core business segment of the Group.In terms of marketing services, in the first half of 2024, Qunabox Group accurately grasped market dynamics and industry development trends, continuously improved service capabilities and operational efficiency, and achieved significant growth in both customer base and revenue. During the period, revenue from marketing services segment amounted to RMB411.8 million, representing a year-on-year increase of 41.1%, and gross profit amounted to RMB245.7 million, representing a year-on-year increase of 42.9%, driving significant growth in the overall performance of the Company. In terms of customers, during the period, the Group provided marketing services to a total of 171 brand customers, representing an increase of 41 customers as compared to the same period last year; among them, the number of KA customers served was 30 and the average revenue per KA customer was RMB10.6 million, both of which increased as compared to the same period last year. It demonstrates the brand customers highly recognize the value of Qunabox’s marketing solution which is based on AI interactive terminal.In terms of the merchandise sales, in the first half of 2024, benefiting from the overall recovery of the consumption industry, improved effectiveness of its terminal network and its more cost-effective pricing strategy, Qunabox Group’s AI interactive terminals significantly enhanced their capabilities in merchandise sales, driving continuous growth in the merchandise sales business, with a substantial increase in the number of offline terminals. During the period, revenue from the merchandise sales business segment amounted to RMB78.4 million, representing a year-on-year increase of 48.8%, and gross profit amounted to RMB24.1 million, representing a year-on-year increase of 69.7%. Revenue from merchandise sales per terminal per day amounted to RMB58.9, an increase of 25.2% year-on-year, which further consolidated the Company’s leading position in the market.In addition, leveraging its technological strengths in the AIoT sector, growing demand for related developments, and its solid reputation, customer demand and the number of projects have continued to grow. This has driven revenue generated from other services increasing from RMB19.0 million in the first half of 2023 to RMB24.9 million in the first half of 2024, representing a year-on-year increase of 30.8%. This growth fully demonstrates the Company’s strong capabilities in the technical service sector.Continuously increasing investment in technology and data to enhance brand market competitivenessTechnology and data serve as pivotal sources of innovation for enterprises, constituting their fundamental competitive advantage. As China’s leading AI interaction marketing service provider, in the first half of 2024, Qunabox Group continued to increase its efforts to develop offline marketing activities featuring AI interactions, encouraging its intensified technical experts to deeply engage in the design of marketing activities. This aims to expand the application scenarios and range of multi-sensory AI interactions, such as scent emission, motion detection, and voice interaction, while also extending emotion recognition technology in a bid to further enrich the forms of AI interactions and improve service capabilities. In the domain of data and algorithm, Qunabox Group has consistently driven the exploration of data value and the commercialization of product to enrich its data product offerings. At the same time, it has also improved the performance of AI interactive terminals and the efficiency of internal operation.According to the interim report, the Company’s R&D expenditure increased from RMB27.3 million in the first half of 2023 to RMB37.5 million in the first half of 2024, representing a year-on-year increase of 37.3%. Continuous investment in R&D not only brings the Company the ability to upgrade its services and improve efficiency, but also lays a solid foundation for the Company’s business expansion and steady development in the future.Expanding into overseas markets for a second growth curveQunabox Group has officially announced the launch of its internationalization strategy, with the Middle East market serving as the first stop in its expansion into overseas markets. This further expands the Company’s development space and is expected to drive accelerated growth in its performance.In the medium to long term, as the consumer market will witness further revitalization, the consumer goods marketing industry is anticipated to become even more dynamic. The multi-channel, one-stop, closed-loop marketing solutions provided by Qunabox Group based on the AI interactive terminal network will be accepted and applied by more brands with its advantages of being more innovative, efficient, and precise, and its market value will continue to increase. Copyright 2024 ACN Newswire via SeaPRwire.com.

19 8 月, 2024

Retail Revolution in the Age of AI: Rockbird Media Launches 12th Retail and E-Commerce Summit Asia in Singapore

SINGAPORE, Aug 19, 2024 - (ACN Newswire via SeaPRwire.com) - A clear testament to the success of its past editions, Rockbird Media is thrilled to announce the 12th Retail & E-Commerce Summit Asia, set to unfold on September 26, 2024, at the One Farrer Hotel in Singapore. Themed “Retail Revolution: The Limitless Growth in the Age of AI,” this premier event is poised to dive deep into the seismic shifts reshaping the retail and e-commerce landscape.Despite its smaller population compared to regional neighbors, Singapore is on track to achieve a remarkable US$5,901 million in retail and e-commerce revenue by 2024. This impressive growth highlights the city-state's burgeoning role in the global digital economy and underscores the urgent need for businesses to adapt and thrive in this dynamic environment.The summit will offer an unparalleled opportunity for industry professionals to explore the latest trends and technologies driving the retail revolution. Attendees will benefit from keynote presentations, interactive breakout sessions, and panel discussions featuring leading experts. Personalized agendas, 1-on-1 meetings, and vibrant networking sessions will also be integral to the event, ensuring that each participant gains actionable insights and valuable connections.Singapore stands at the forefront of e-commerce innovation, and this summit will provide crucial insights into harnessing AI and technology for limitless growth, bringing together 100+ industry leaders and experts to shape the future of retail.For more information, including registration details, the in-depth agenda, speaker updates, pricing, and more, please visit https://rockbirdmedia.com/all_b2b/resa-singapore-2024/.About rockbird mediaRockbird media is an international business media company that produces B2B events and offers business solutions.Whether it is through online media and content, must-have business intelligence and analytics, effective networking, and partnering solutions, we help businesses and professionals learn more about the latest trends, and know more about their customers, peers, and competition, to make that decision that allows them to grow.Media contact:annjubelle@rockbirdmedia.com Copyright 2024 ACN Newswire via SeaPRwire.com.

19 8 月, 2024

Rockbird Media Unveils 16th HR Leaders and HR Tech Strategy Meeting: ‘Advancing into the Nexus of Human and Technology’ in Kuala Lumpur

KUALA LUMPUR, Aug 19, 2024 - (ACN Newswire via SeaPRwire.com) - With rapid HR advancements on the horizon, Rockbird Media is just in time to announce the 16th edition of the HR Leaders & HR Tech Strategy Meeting, taking place on September 24, 2024, at Berjaya Times Square, Kuala Lumpur, Malaysia. The event, themed “Advancing into the Nexus of Human and Technology,” will be a crucial platform for addressing the evolving role of technology in HR.As Malaysia’s HR Technology market is poised for a significant 12% compound annual growth rate (CAGR) over the next five years, this year’s gathering will focus on equipping HR professionals with strategies to integrate cutting-edge tools and bridge the technological skill gap. Attendees will explore methods to enhance operational efficiency, boost employee engagement, and optimize legacy systems with modern technology.One in a series of successful HR Strategy Meetings across Southeast Asia, its 16th edition will emphasize the urgent need for HR leaders to strategically adapt to technological advancements, providing a unique opportunity to engage with industry experts, share best practices, and prepare for the future.The event will feature keynote addresses, interactive breakout sessions, panel discussions, and one-on-one meetings, designed to offer actionable insights and foster networking among over 100+ CHROs and HR leaders from various industries.For more information, including registration details, the in-depth agenda, speaker updates, pricing, and more, please visit: https://rockbirdmedia.com/all_b2b/hrmy2024/About rockbird mediaRockbird media is an international business media company that produces B2B events and offers business solutions.Whether it is through online media and content, must-have business intelligence and analytics, effective networking, and partnering solutions, we help businesses and professionals learn more about the latest trends, and know more about their customers, peers, and competition, to make that decision that allows them to grow.Media contact:annjubelle@rockbirdmedia.com Copyright 2024 ACN Newswire via SeaPRwire.com.

19 8 月, 2024

OrbusNeich Records Net Profit of US$18.8 Million for the First Half of 2024

Results Highlights:- Revenue and net profit reached US$78.9 million and US$18.8 million, respectively.- APAC market revenue grew significantly by 31.0%, driven by both organic growth and contributions from SJ Medicare and PT Revass, the South Korean and Indonesian distributors acquired in Q4 2023.- Total sales volume of proprietary products remained at 717,000 units.- In 1H2024, the Group made extensive efforts to integrate eucatech AG, a German company acquired last year, into its operations and reorganize its production lines, and expects eucatech AG to resume production and shipment in Q3.- The Group has been actively registering products of eucatech AG in various countries and regions, and eucaLimus, a coronary drug eluting stent, has already received registration approval in Malaysia.- For the clinical studies of TricValve, patient enrollment has commenced in 13 hospitals in the PRC. In Japan, the Group is working closely with the Pharmaceuticals and Medical Devices Agency (“PMDA”) and the US Food and Drug Administration (“FDA”) to prepare for the clinical trial and registration process.- In May 2024, the Group engaged the main contractor for its largest R&D and manufacturing facility in Hangzhou, which is expected to begin operation in 2027, adding an annual production capacity of 2.4 million product units upon commencement of production.- The Group’s financial position remained strong, as evidenced by the cash and bank balances of US$246.7 million as of June 30, 2024.- The Group expects to maintain a stable dividend policy, demonstrating its confidence in future prospects.HONG KONG, Aug 16, 2024 - (ACN Newswire via SeaPRwire.com) - OrbusNeich Medical Group Holdings Limited (“OrbusNeich” or the “Group”; stock code: 6929), a major global medical device manufacturer specializing in interventional devices for percutaneous coronary intervention (“PCI”) and percutaneous transluminal angioplasty (“PTA”) procedures, today announced its interim results for the six months ended June 30, 2024 (the “Reporting Period”), with revenue and profit for the period attributable to owners of the Company maintained at US$78.9 million and US$18.8 million respectively despite various market challenges.Mr. David Chien, Chairman, Executive Director and Chief Executive Officer of OrbusNeich, said, “The global economy has been highly volatile in recent years, as a result of factors such as geopolitical tensions and major central banks shifting their monetary policies. Albeit the challenging external environment, we were able to seize the opportunity to implement a series of measures to enhance operational efficiency and integrate the businesses of SJ Medicare, PT Revass and eucatech AG acquired last year into our Group. We believe the investments made in the first half year are crucial to supporting our future sustainable growth.”For the Reporting Period, the Group’s revenue decreased slightly by 3.1% to US$78.9 million, mainly attributable to decline in sales volume in the US due to integration of Cardiovascular Systems, Inc. (“CSI”) into Abbott Laboratories (“Abbott”), and in the PRC market due to on-going impact of anti-corruption campaign, as well as the Group’s termination of distribution of certain third-party products, despite the significant sales growth recorded in APAC, as well as the modest revenue growth in Japan in terms of Japanese Yen. Excluding the impact of the foreign exchange fluctuations, total revenue would have recorded a slight year-on-year increase of 0.6%. Gross profit amounted to US$55.8 million while gross profit margin stood at 70.7%.Despite the decline in revenue and the short-term increase in expenses incurred by the Group’s series of measures to enhance operational efficiency and integrate the businesses acquired in the previous year, the Group maintained a healthy level of net profit for the first half of 2024. It is worth noting that, excluding the operating expenses of the newly acquired businesses, the three core operating expenses, namely selling and distribution expenses, general and administrative expenses and research and development expenses, for the first half of 2024, remained flat against the same period last year. As of June 30, 2024, the Group maintained a strong financial position with cash and bank balances of approximately US$246.7 million, laying a solid foundation to support its growth objective.Robust Balloon Sales in APAC and EMEAThe Group’s proprietary balloon products continued to gain traction worldwide. In the first half of 2024, revenue from the APAC market saw organic growth of a marked 8.6% year-on-year, thanks to strong balloon sales growth in markets such as Malaysia, Hong Kong, India, Vietnam and Singapore. Particularly, the latest generation of scoring balloon, Scoreflex TRIO, recorded a rapid rise in sales since it was launched in Malaysia in early 2024. Together with the additional contribution of US$4.3 million from the SJ Medicare and PT Revass, distributors acquired in South Korea and Indonesia respectively in Q4 2023, the revenue generated from APAC amounted to a total of US$24.0 million, representing a significant increase of 31.0% year-on-year.In addition, mainly attributable to the increase in sales of the Group’s proprietary balloon products in direct sales markets such as Germany, France and Spain, as well as distributor sales markets including Czech Republic and Slovakia, revenue generated from EMEA slightly increased by 1.3% to US$19.2 million, even being partly offset by the termination of distribution agreement with CSI for atherectomy products.During the first half of 2024, Scoreflex TRIO continued to drive revenue generated from Japan, the Group’s largest single-country market, in terms of Japanese Yen, achieving an 8.1% increase year-on-year.Integrating Newly Acquired Business to Drive Future GrowthFollowing the acquisition of eucatech AG in November 2023, extensive efforts were made to integrate eucatech AG into the Group’s operation and reorganize production lines. The Group has been actively registering eucatech AG’s four products, namely eucaLimus, Support C, Resistant, and VITUS, in various countries and regions to avail those products via the Group’s own sales network to physicians and patients in different markets. In the first half of 2024, eucaLimus was granted registration approval in Malaysia, one of the Group’s direct sales markets. Registration applications for eucatech AG’s products have also been submitted to relevant regulatory bodies in Hong Kong, Malaysia, Switzerland, Italy and Saudi Arabia and are pending approval. The Group also promoted eucatech AG’s products at major conferences including EuroPCR, as well as educated distributors about these offerings so that sales could be ramped up smoothly once the products become available.In April 2024, the Group supported eucatech AG’s on-site Medical Device Directive (“MDD”) and Medical Device Regulation (“MDR”) surveillance audit, as such, was able to extend the CE Mark expiration dates for their 4 products under the MDD framework. All these efforts are expected to see eucatech AG resume production and shipment in the third quarter of the year.Relentless Drive to Translate Innovations into Thriving Product LinesAs of June 30, 2024, OrbusNeich had an aggregate of over 50 approved products. The Group has maintained a steadfast commitment to translating its R&D efforts into commercially successful products. To date, the Group achieved major milestones, including:- Obtaining NMPA approval for Teleport Neuro, FDA approval for Teleport XT and JADE PLUS 14/18/35 OTW, CE Mark for Sapphire ULTRA and Sapphire NC ULTRA;- Submission of registration applications to the NMPA for its Guiding Catheter;- Completion of the clinical trial patient enrollment for Scoreflex TRIO in the PRC, with the NMPA application expected to be submitted in Q3 2024;- Preparation for the Sapphire 3 clinical trial in the US, with enrollment scheduled to begin in Q3 2024.Alongside these regulatory and commercialization efforts, the Group continued to invest in new pipeline products, such as the Corepass modular microcatheter, support catheter and the JADE Plus. Registration applications for these innovative offerings are planned for submission to various authorities in 2024.Meanwhile, the joint venture OrbusNeich P&F made significant efforts to advance the clinical studies of TricValve in two major Asia Pacific markets. Patient enrollment has commenced in the PRC for its clinical trial, and the clinical trial and registration process in Japan is being prepared in close collaboration with the PMDA and the FDA.Boosting Production Capacity through Rigorous Quality Processes and Operational ExcellenceThe Group has always prioritized product quality, which is ensured by a robust quality management system. During the Reporting Period, various sites successfully passed audits conducted by various regulatory and notifying bodies. Furthermore, the Group remains committed to enhancing operational efficiency and reducing production costs by continually optimizing manufacturing processes, work-in-progress inventory levels, and employee productivity. To meet future production needs, the Group will construct its largest R&D and manufacturing facility in Hangzhou, the PRC, for which it engaged the main contractor in May 2024 and which is expected to begin operation in 2027, adding an annual production capacity of 2.4 million units of products upon commencement of production.Mr. Chien concluded: “Looking ahead, as new sales strategies are being executed in the PRC and the US markets, we expect these key geographies will regain growth momentum in second half of the year. Meanwhile, OrbusNeich has maintained active efforts to expand our market presence. On the product front, we are leveraging our comprehensive sales network and brand recognition to market innovative endovascular intervention products to enhance the solutions we provide to the physicians. New products from eucatech AG which is expected to resume production soon will also contribute to improved profitability. We are also actively identifying M&A opportunities that align with our strategic priorities and position us for sustainable growth. Despite the first-half headwinds, we remain optimistic about restoring growth momentum soon and expect to maintain a stable dividend policy for shareholders based on our robust financial position.”- End -About OrbusNeich Medical Group Holdings LimitedOrbusNeich is a major global medical device manufacturer specializing in interventional devices for percutaneous coronary intervention (PCI) and percutaneous transluminal angioplasty (PTA) procedures. Headquartered in Hong Kong, China, OrbusNeich sells its products in more than 70 countries and regions worldwide. It is also actively expanding into neuro vascular intervention and structural heart disease. As of June 30, 2024, OrbusNeich has more than 230 granted patents and published patent applications worldwide. Its in-house R&D team has more than two decades of product development experience and has developed world-leading proprietary technologies.For more information, please visit the Group’s official website: https://orbusneich.com/. Copyright 2024 ACN Newswire via SeaPRwire.com.

16 8 月, 2024

Overcome Cybersecurity Challenges in the Financial Services Industry at CISO FSI ANZ Online

BRISBANE, AUS, Aug 16, 2024 - (ACN Newswire via SeaPRwire.com) - CISO FSI ANZ 2024 invites cybersecurity professionals in the Financial Services Industry to join this free virtual event designed to inspire and share intelligence. The online gathering will cover everything from cyber strategy, risk management, governance, program and incident management, leadership, to enabling business growth.CISO FSI ANZ offers a unique opportunity to expand your knowledge and find ways to avoid cyber threats in the FSI industry. Benchmark your strategies with peers and learn how to get buy-in and collaboration in your projects across the board.Key topics include:Strategies to advance your company’s cyber security maturity modelsHow to align cyber risk management with the company's goalsComplying with APRA regulations in Australia and MBIE in New ZealandThe impacts of the privacy act reform in information securitySuccessful practices to mitigate the increase of third-party risksBridging the talent gap by investing in culture, education and trainingNavigating the “AI high” by leveraging its benefits while minimising its risksCISO FSI ANZ is an essential online event for those looking to advance their knowledge and network within the cybersecurity community. Join us on 12 September 2024 at 10 AM AEDT or 12 PM NZT.It’s free! Register now: https://bit.ly/4dpyOUYVisit website: https://ciso-fsi-anz.coriniumintelligence.com/About Corinium IntelligenceCorinium Intelligence is a global leader in providing conferences, events, and content to the information and technology industries. With a focus on fostering collaboration and innovation, Corinium Intelligence brings together industry leaders to share insights, best practices, and strategies for success.Media Contact:Claudia Peixoto, Marketing Managerclaudia.peixoto@coriniumgroup.com Copyright 2024 ACN Newswire via SeaPRwire.com.

16 8 月, 2024

Join the Collective Effort to safeguard government and commonwealth entities at CISO Canberra

CANBERA, AUSTRALIA, Aug 16, 2024 - (ACN Newswire via SeaPRwire.com) - CISO Canberra invites cyber security professionals to explore the critical role of public sector cyber security in protecting the public and driving transformative leadership strategies for delivering the 2023-2030 Australian Cyber Security Strategy.The tech demo exhibition will showcase cutting-edge services and innovations driving change in the cybersecurity landscape. InfoSec leaders will share their strategic insights in no-nonsense talks, providing valuable substance over empty rhetoric.Key themes include:STRENGTH IN UNITY: Building robust shields against cyber threats by navigating the 2023-2030 Australian Cyber Security Strategy to be the most secured nation.AWARENESS, EMPOWERMENT, & COORDINATION: Maturing cyber security culture through collective responsibility and collaborative efforts for enhanced resilience.PROACTIVE GRC MANAGEMENT: Integrating Zero Trust and evaluating risks in supply chains, data and AI to empower decision making at the pace of innovation.MODERNISING THREAT DETECTION & RESPONSE: Embracing cutting-edge technologies and strategies to advance security, integrity and resilience capabilities.CISO Canberra 2024 is an essential event for those looking to advance their knowledge and network within the cybersecurity community. Join us at the Canberra Rex Hotel on 14 November 2024 for an event that promises to inspire and empower.Use the code ACNNEWS20 for 20% off the ticket price.Register here: https://bit.ly/4dqzPfbVisit website: https://ciso-bris.coriniumintelligence.com/ About Corinium IntelligenceCorinium Intelligence is a global leader in providing conferences, events, and content to the information and technology industries. With a focus on fostering collaboration and innovation, Corinium Intelligence brings together industry leaders to share insights, best practices, and strategies for success.Media Contact:Claudia Peixoto, Marketing Managerclaudia.peixoto@coriniumgroup.com Copyright 2024 ACN Newswire via SeaPRwire.com.

16 8 月, 2024

China Medical System (00867) Released its 2024 Interim Results: Steady Increase in Revenue and Profit Compared with 2H 2023

SHENZHEN, Aug 16, 2024 - (ACN Newswire via SeaPRwire.com) - On August 15, 2024, China Medical System Holdings Limited (“CMS” or the “Company”) released its 2024 interim results announcement, with a steady increase in overall revenue and profit for the period compared to the second half (2H) of 2023. In the first half (1H) of 2024, the Company recorded a turnover of RMB3,611.1 million, representing a decrease of 21.7% compared with 1H 2023, an increase of 6.1% compared with 2H 2023. In the case that all medicines were directly sold by the Company, the turnover was RMB4,287.5 million, representing a decrease of 22.6% compared with 1H 2023, an increase of 8.9% compared with 2H 2023; Among which, the total revenue of non-National VBP exclusive products and innovative products was RMB2,404.7 million, accounting for 56.1% of CMS’s revenue in the case that all medicines were directly sold by the Company. Profit for the period was RMB903.4 million, representing a decrease of 52.8% compared with 1H 2023, a substantial increase of 92.8% compared with 2H 2023.The year 2024, not only marks the first year of the commercialization of CMS’s innovative products, but also a crucial point for the release of National Volume Based Procurement (“National VBP”) impact on its financial performance. Deanxit entered the seventh batch of National VBP in November 2022, Plendil and Ursofalk entered the eighth batch of National VBP in July 2023, and none of the three original drugs were selected, which had a negative impact on the Company’s business performance. In 1H 2024, the Company’s overall performance showed a growth trend compared with 2H 2023, indicating that CMS has basically digested the impact of National VBP and successfully entered the "New Product Era" where non-national VBP exclusive products and innovative products drive its growth.With the approval for marketing of LUMEBLUE (Methylthioninium Chloride Enteric-coated Sustained-release Tablets) in June and METOJECT (Methotrexate Injection)’s additional indication of active rheumatoid arthritis (RA) in adults in July this year, CMS's innovative drug portfolio in the commercialization stage has expanded into 5 products (including 6 indications); simultaneously with a rich and differentiated innovative pipeline reserve. Gathering the power of innovation and riding the momentum of development, CMS is comprehensively shaping new drivers for development with a healthier product structure, further opening up a new cycle of quality development.The "Collaborative and In-house" dual-engine R&D model drives the simultaneous improvement in quantity and quality of the pipeline, accelerating the transformation of innovative biotechnologyA profound innovative drug R&D pipeline is an important driving force for the long-term development of CMS. The Company adheres to the purpose of innovation for meeting the unmet clinical needs and solving the difficulties of patient medication, and promotes innovation development through a two-wheel drive of “Collaborative R&D and In-house R&D”, continuously deploying FIC (first-in-class) and BIC (best-in-class) innovative products, and enhancing the capabilities and efficiency of research and clinical development to achieve a rapid transformation of scientific outcomes into social and commercial values.As of now, CMS's innovative product portfolio approved for marketing in China has been expanded into 5 products (including 6 indications), among which, 4 innovative drugs (VALTOCO, ILUMETRI, METOJECT - psoriasis indication, VELPHORO) have been included in the National Reimbursement Drug List (NRDL) and entered large-scale clinical application; also, CMS newly added LUMEBLUE and METOJECT (RA), for being approved for marketing in China recently.CMS has also steadily advanced the clinical development of innovative products. Currently, Desidustat Tablets is under NDA review in China; Also, a total of about 10 projects have been prepared/launched for their registrational clinical trials, mainly randomized controlled trials (RCT).At the same time, the Company had continued to strengthen basic research and independent innovation capabilities, and successfully promoted more than 10 in-house R&D projects, among which, three innovative drugs (VEGFA/ANG2 Tetravalent Bispecific Antibody, Highly Selective TYK2 Inhibitor CMS-D001 Tablets, and GnRH Receptor Antagonist CMS-D002 Capsules) have entered the clinical development stage.In addition, the Company’s innovative pipeline has continued to expand. CMS Skinhealth collaborated with Incyte once again, and has obtained exclusive license to research, develop, register and commercialize povorcitinib, a selective oral small-molecule JAK1 inhibitor, in countries/territories including Mainland China, Hong Kong, Macau, Taiwan Region and 11 Southeast Asian countries. This further enriched the product portfolio of CMS Skinhealth in the treatment of vitiligo and other immune-mediated dermatology diseases.Subsequently, CMS will continue to produce innovative products with higher efficiency and more controllable costs every year, accelerating the release of innovative value and embracing quality and sustainable performance growth through a healthy product structure dominated by non-National VBP exclusive products and innovative products.Successful commercialization system releases the clinical value of innovative products in an efficient and collaborative mannerAfter 32 years of deep cultivation in specialty therapeutical fields, successful commercialization capability is one of CMS’s core competitiveness. By continuously reinforcing and integrating its commercialization platform, it has achieved in-depth development of its three major business segments including cardio-cerebrovascular/gastroenterology, dermatology, and ophthalmology, and expanded its boundaries in related fields. Additionally, the Company established a highly qualified, professional promotion team with strong execution, as well as extensive channel and resource coverage, which has laid a solid foundation for the rapid market entry and brand building of its innovative products.Four innovative drugs of CMS have entered large-scale clinical applications, covering various disease fields such as central nervous system, dermatology, nephrology, and gastroenterology, and developed synergistically with the existing marketed products in promotion team and channels. Meanwhile, leveraging on the opportunity of being included in the NRDL, CMS is advancing hospital development, brand building, real world studies and medically-driven academic promotion. CMS is improving patients’ accessibility to innovative drugs with the help of patient aid and disease knowledge popularization programs, promoting the release of products’ clinical value.The Dermatology and Medical Aesthetic Business "CMS Skinhealth" regards dermatology prescription products as its core, and extends to light medical aesthetic products and dermatology-grade skincare products, continuously improving the construction of a full life-cycle skin-health management platform covering dermatological treatment, skincare, and medical aesthetics through internal development and external collaboration. In terms of clinical development of dermatology prescription drugs, CMS has completed the Pivotal Real World Study for ruxolibinib cream in vitiligo, and is advancing the registration application process in Mainland China. At the same time, it has continuously complemented the regenerative light medical aesthetic portfolio, among which the China’s medical device registration application of the Poly-L-lactic Acid Microparticle Filler Injection has been accepted by the NMPA during the Reporting Period; and the Company has newly obtained exclusive licenses of three regenerative light medical aesthetic products (Polycaprolactone Microsphere Gel for Injection, Calcium Hydroxylapatite Microsphere Gel for Injection, and Decellularized Extracellular Matrix Implant), which are currently under the registrational clinical trial stage in China.The results announcement shows that, as of the end of June, the promotion network of CMS has covered over 55,000 hospitals and medical institutions, and approximately 280 thousand retail pharmacies in China.Leveraging the accumulated advantages in cardio-cerebrovascular, gastroenterology, central nervous system, nephrology, ophthalmology, dermatology and other specialty therapeutical fields, CMS steadily releases the scale effect of its specialty businesses, and builds high competition barriers, creating broad commercial potential for its innovative products and exclusive products.Drawing up the internationalization layout to gather momentum for the incremental marketIntegrating the advantageous resources of the Company, its Southeast Asia business “Rxilient Health”, shares and expands the successful experience of CMS gained from the China market, as well as global quality products and innovative technological resources, into the Southeast Asia market. This accelerates the improvement of the platform integrating “R&D, manufacture, and commercialization” of the Southeast Asia business, empowering Chinese and global pharmaceutical companies to implement the “overseas development” strategy, and also opening up a larger space for incremental development opportunities for CMS.As of the end of June, Rxilient Health has established a competitive product portfolio with more than ten differentiated products, covering therapeutic areas such as oncology, central nervous system, autoimmune, dermatology, and ophthalmology, etc. Rxilient Health is accelerating the relevant work on the market registration processes in Southeast Asian countries for innovative pipeline products, such as ruxolitinib cream, Methylthioninium Chloride Enteric-coated Sustained-release Tablets, and Diazepam Nasal Spray, etc. Furthermore, Rxilient Health collaborated with Junshi Biosciences to promote the registration process of toripalimab (anti-PD-1 monoclonal antibody) in multiple countries in Southeast Asia, aiming to benefit local cancer patients as soon as possible.In December last year, the Company and Rxilient Health joined hands with Pharmaron and other partners to complete the purchase of the Singapore manufacturing plant. This year, all relevant parties have been orderly advancing a series of work for the Singapore manufacturing plant, including equipment testing, quality verification, and production quality system certification, etc., so as to accelerate the CDMO business development, and to optimize the Company’s overseas supply chain and manufacturing capabilities. The business layout will further facilitate more inter-industry cooperation between CMS and global partners in the future, thus jointly building a win-win medical innovation ecosystem with mutual benefits.ConclusionSince its establishment in 1992, CMS has followed the development pattern of the industry and has promoted three significant strategic transformations successfully with a forward-looking vision. The Company started as an agent of imported original drugs, gradually developed to control the rights of original/exclusive products, and then achieved a comprehensive innovative transformation. Each step of the transformation is in sync with the industry development trends. CMS steadily aims towards the ultimate goal, and constantly builds up its strength and resilience to persist through the industry development cycle. With the gradual release of the impact of national VBP on its financial performance, CMS has been transforming into a brand-new company. While embracing the innovation achievements in each stage, CMS is fully prepared for a sustainable and healthier development in the future.About CMSCMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs.CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients.CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development of its advantageous specialty fields and expand business boundaries. While strengthening the competitiveness of the cardio-cerebrovascular/gastroenterology business, CMS independently operates its dermatology and medical aesthetics business, and ophthalmology business, aiming to gain leading positions in specialty therapeutic fields, whilst enhancing the scale and efficiency. At the same time, CMS has expanded its business territory to the Southeast Asian market, striving to become a "bridgehead" for global pharmaceutical companies to enter the Southeast Asian market, further escorting the sustainable and healthy development of the Group.CMS Disclaimer and Forward-Looking StatementsThis press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert.This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections.Media ContactChina Medical System Holdings Ltd.CMS Investor RelationsEmail: ir@cms.net.cnWebsite: https://web.cms.net.cn/en/home/Source: China Medical System Holdings Ltd. Copyright 2024 ACN Newswire via SeaPRwire.com.

16 8 月, 2024

LI NING: Adhered to the Core Strategy of ‘Single Brand, Multi-categories, Diversified Channels’

FINANCIAL HIGHLIGHTS- In the first half of the year, the Group recorded the following operating results: – Revenue rose by 2.3% to RMB14,345 million; gross profit margin rose by 1.6 percentage points to 50.4% – Net operating cash inflow increased by 40.6% to RMB2,730 million – Net profit attributable to equity holders of the Company was RMB1,952 million with net profit margin of 13.6%, and EBITDA margin was 24.0%- Working capital remained at a healthy level: – The percentage of gross average working capital to revenue was 7.1% – The cash conversion cycle was 31 days, representing an increase of 1 day as compared to the same period last year- The Board resolved to declare an interim dividend of RMB37.75 cents per ordinary share of the Company issued or to be issued upon conversion of convertible securities for the six months ended 30 June 2024.OPERATIONAL HIGHLIGHTS- The retail sell-through for the overall platform decreased by low-single-digit, including online and offline channels- Channel inventory increased by mid-single-digit comparing to the same period last year. The inventory turnover and ageing structure remained at a healthy level- Offline channel new product sell-through decreased by mid-single-digitHONG KONG, Aug 16, 2024 - (ACN Newswire via SeaPRwire.com) - Li Ning Company Limited (stock codes: 2331 (HKD counter) and 82331 (RMB counter)) announces today its 2024 interim results for the six months ended 30 June 2024.Financial ResultsIn the first half of 2024, China’s economy demonstrated an orderly recovery, with favorable national policies continuously injecting vitality into the market. Against the backdrop of the rising public health awareness, numerous international and national events have spurred public’s enthusiasm for sports. Currently, overall consumer confidence still has room for recovery, and the market is in a gradual and positive adjustment phase.Leveraging the brand’s professional sports background, the Group maximizes its insights into the sports industry, understanding of sports categories, and technological innovation capabilities, concentrating on five core categories of running, basketball, fitness, badminton, and sports casual during the Reporting Period. Through continuous research and development (“R&D”) investment and technological innovation, the Group consistently enhances product capabilities, optimizes consumer experience, and ensures sustainable development in the long run while expanding the Group’s business.In the first half of 2024, the Group’s overall performance remained stable with pragmatic growth. During the Reporting Period, revenue amounted to RMB14,345 million, representing an increase of 2.3% as compared to the corresponding period of 2023 (2023 H1: RMB14,019 million). Gross profit increased by 5.8% from RMB 6,839 million in the same period of 2023 to RMB 7,236 million, and the overall gross profit margin was 50.4% (2023 H1:48.8%), the gross profit margin increased by 1.6 percentage points as compared to the corresponding period of last year. Basic earnings per share was RMB75.80 cents (2023 H1: RMB80.63 cents). The Board resolved to declare an interim dividend of RMB37.75 cents (2023 H1: RMB36.20 cents) per ordinary share of the Company issued or to be issued upon conversion of convertible securities for the six months ended 30 June 2024. The interim dividend payout ratio is 50%.In terms of cash flow management, the Group's net cash generated from operating activities during the Reporting Period amounted to RMB2,730 million (2023 H1: RMB1,942 million). As at 30 June 2024, cash and cash equivalents (including cash at banks and in hand, and fixed term deposits with original maturity of no more than three months) amounted to RMB6,147 million, representing a net increase of RMB703 million, as compared with the position as at 31 December 2023. Adding back the amount recorded as fixed-term deposits held at banks, cash balance amounted to RMB17,558 million, which represented a net decrease of RMB417 million as compared to 31 December 2023. During the period, revenue increased year-on-year while the efficiency of settlement remained stable, which, in conjunction with the reasonable purchase and payment plan, contributed to the year-on-year increase in net cash generated from operating activities. The Group will continue to place extra emphasis on its cash flow management to ensure stable development of the Group in the long run.Operational SummaryDuring the Reporting Period, the Group adhered to the core strategy of “Single Brand, Multi-categories, Diversified Channels” focusing on seven major business transformation tracks and continuously strengthening its sports genes to establish a clear professional sports brand positioning. Meanwhile, the Group was efficiently empowered in supply chain management, logistics platform, channel expansion and store upgrading, jointly building a solid foundation for the overall sales of the Group.In terms of technological innovation, in May 2024, the Group successfully held a technology conference with the theme of “In My Name, Tech LI-NING” , which demonstrated that the Group has built two key pillars of product development and innovation consisting of technology R&D and sports science research through long-term accumulation of technological innovation. At the conference, the Group presented its six innovative technologies of “Carbon Core” , “Dual-Stage Assist Curves”, “Super Jiang” , “GCU”, “Super BOOM” and “Extreme Boom Fiber” , and also unveiled three new innovations for the first time: the running shoes of “Shadow 3”, the premium racing shoes of “Dragonflight” and dual-vent nanotechnology for rainstorm protection.In terms of professional products and marketing, the Group continued to focus on the five core categories of running, basketball, badminton, fitness and sports casual, and continued to make efforts in the innovation in sports technology. At the same time, the Group also actively integrated with sports fashion culture, launched sports products with both technology and fashion attributes and continuously enhanced the core competitiveness of products. In addition, the Group actively deployed universal marketing to enhance consumers’ awareness of the Group’s products, continuously enhance brand influence and expand its consumer base.In the midst of a great year for sports, the Group launched a campaign theme “In My Name” , to encourage everyone to engage in sports activities and create their own highlight moments. Through delivering the brand proposition and spirit and telling stories of the athletes from the national gold medal team, top athletes in various categories and sports KOLs, as well as overall demonstrating Li Ning’s technological strength, launching theme series products and creating atmosphere for themes at stores, the Group reinforces the professional brand image of LI-NING, realizes the whole chain from brand proposition to product experience, and deeply connects the brand with each consumer.In terms of supply chain management, the Group constructed an all-round and high-efficiency supply chain ecosystem. It not only deeply explored and expanded high-quality supplier resources for high-end sports and outdoor products to form a strong supplier matrix, but also flexibly responded to market changes with a flexible supply strategy as the core.In terms of logistics management, the Group adopted refined logistics plan management, customized strategies based on the characteristics of the business divisions, and optimized the process of goods warehousing and delivery. Meanwhile, the logistics informationization platform empowered distributors to share information in real time, improved the efficiency of store distribution, and further improved the quality of logistics services.In terms of channel expansion and image upgrading, the Group actively optimized its channel layout, consolidated and expanded its competitive advantage in the high-end market by closing low-efficiency stores and strengthening the renovation and expansion of premium stores. Meanwhile, the active development of emerging markets, the new upgrading of the 9th generation stores, and the successful establishment of premium outlets further enhanced the brand image and market influence. In order to create an immersive experience of key events, 4,238 stores introduced key visual display designs featuring “In My Name” themes and core sports resources in the first half of the year, further enhancing consumers’ visual experience and brand awareness.As of 30 June 2024, the number of conventional stores, flagship stores, China LI-NING stores, LI-NING 1990 stores, factory outlets and brand stores under LI-NING brand (including LI-NING Core Brand and LI-NING YOUNG) amounted to 7,677, representing a net increase of 9 Point-of-sale (“POS”) as compared to 31 December 2023. The number of distributors was 44 (including sales channels of China LI-NING stores), representing a net decrease of 2 as compared to 31 December 2023, demonstrating the Group’s precision and efficiency in channel layout.In terms of retail operation, in the first half of the year, the Group deepened the innovation and practice of the single-store operating model to effectively promote the comprehensive implementation of retail operation standards. The store management efficiency has been significantly improved through the comprehensive promotion of its retail end sales planning system and the implementation of the system in core stores.In terms of new retail business, the Group strengthened community operations and content creation through digital transformation to achieve efficient conversion of private traffic, effectively improving sales and conversion efficiency. In addition, the Group actively explored diversified business models, including attracting traffic through social platforms such as Douyin and online business cooperation with core channels, constantly injecting new momentum into store sales, increasing the proportion of out-of-store sales in stores, and further enhancing the operating efficiency of stores.In respect of the e-commerce operation, the e-commerce of Li Ning continued to focus on breakthroughs in professional functional products, especially achieving rapid growth in the field of running shoes, while professional basketball shoe products also consolidated its market leading position. In addition, in terms of online exclusive IP, the Group has successfully created a number of IP that have gained volume and reputation in the industry. During the period, the Group achieved synergistic growth of e-commerce business and retail operation through effective integration and innovative practices across online and offline channels, driving a significant increase in sales performance and further strengthening of market share.In terms of kidswear business, LI-NING YOUNG comprehensively streamlined the youth product matrix, clarified the core competitiveness of clothing and accessories, and improved the footwear product matrix. For marketing, LI-NING YOUNG consolidated its marketing resources and actively explored omni-channel marketing and community operation. By actively cooperating with basketball star Wade to further increase the brand influence. LI-NING YOUNG also actively actively carried out various member community activities and launched new celebrity athlete in-store opening activities to continuously drive store traffic. As at 30 June 2024, the total number of LI-NING YOUNG POS in China amounted to 1,438, representing a net increase of 33 POS since the end of the previous quarter and a net increase of 10 POS since the beginning of this year. The Group will continue to intensely develop its LI-NING YOUNG business, take a product focused approach to upgrade core product technology and design, advance the exploration of market demands and product categorization and strengthen brand promotion, so as to develop LI-NING YOUNG into a leading professional sportswear brand for kids in China.OutlookThe Group will continue to practice its core strategy of “Single Brand, Multi-categories, Diversified Channels”, persistently strengthen its product capabilities and integrate its operational resources to propel the Group towards stable and enduring growth by leveraging the organizational capability as an efficient corporation:– Develop the fundamental business with stability. The Group will continue to amplify the market influence of the LI-NING brand, focusing on the development of its five core categories including running, basketball, fitness, badminton and sports casual. Through investment in research, development and innovation, the Group will achieve continuous upgrading of its product matrix to meet the growing consumer demand for high-quality and personalized sports equipment, thereby reinforcing and expanding the Group’s market leading position in core areas.– Optimize and upgrade the product structure. The Group will further upgrade its diversified product matrix under the single-brand strategy, aligning with the evolving market trends and consumer preferences. By fully leveraging the complementary functions of “China LI-NING” and “LI-NING 1990” in the sports casual sector, and expanding multiple dressing scenarios, the Group will enhance the competitiveness of its brands in diverse scenarios.– Look to the future and seize opportunities to make a breakthrough. The Group will actively explore breakthroughs and take the lead in entering new tracks in sports consumption. By tapping into the huge potential of the women’s, outdoor and youth markets, formulating targeted marketing strategies and launching products that meet the needs of the target groups, the Group aims to make breakthroughs in these new areas.– Optimize market expansion strategy. To achieve comprehensive market coverage, the Group will optimize the allocation of resources to existing high-level markets to improve market efficiency. Concurrently, by actively exploring emerging markets and formulating strategies for overseas markets, the Group strives to achieve significant breakthroughs in overseas markets while keeping a steady and sustainable momentum.Mr. Li Ning, Executive Chairman and Joint CEO of the Group, concluded, “The country's series of in-depth market reform policies will steadily advance, providing the Group with a fair and more vibrant market environment, and opening up broader growth space. The Group will adhere to its established development strategy, rely on the professional sports genes of its brands and continue to launch high-quality sporting products for the public. At the same time, the Group will continue to cultivate the sports market in China, and ride the wave of the Olympics, upholding the spirit of ‘Anything is Possible’, to propel the Chinese sports industry onto the international stage.”- END -About the GroupLi Ning Company Limited is one of the leading sports brand companies in China, mainly operating professional and leisure footwear, apparel, equipment and accessories under the LI-NING brand. Headquartered in Beijing, the Group has brand marketing, research and development, design, manufacturing, distribution and retail capabilities. It has established an extensive retail distribution network and supply chain management system in China. The Group is committed to be the most prominent, stylish, world-leading sports brand from China.In addition to its core LI-NING brand, the Group also manufactures, develops, markets, distributes, sells various sports products which are selfowned by or licensed to the Group, including Double Happiness (table tennis), AIGLE (outdoor sports), Danskin (fashionable fitness products for dance and yoga) and Kason (badminton), which are operated through joint venture/associate with third parties of the Group. Copyright 2024 ACN Newswire via SeaPRwire.com.

16 8 月, 2024