DYNASTY’S PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY INCREASES BY 73% TO HK$18.5 MILLION IN 1H2024

DYNASTY’S PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY INCREASES BY 73% TO HK$18.5 MILLION IN 1H2024

August 29, 2024
Financial Highlights (Unaudited)(HKD Thousand)Six months ended 30 June20242023ChangeRevenue135,347128,168+6%Gross Profit48,76747,212+3%Profit Attributable to Owners of the Company18,51010,712+73%Gross Profit Margin36%37%-1 percentage pointBasic Earnings per Share (HK cents)1.300.90+44%HONG KONG, Aug 29, 2024 - (ACN Newswire via SeaPRwire.com) - Dynasty Fine Wines Group Limited (“Dynasty” or the “Group”) (Stock Code: 00828), a premier grape winemaker in China, today announced its unaudited interim results for the six months ended 30 June 2024.In the first half of 2024, benefiting from new consumption scenarios such as banquets and gatherings nationwide, as well as continuous innovation achieved by the Group in product and consumption scenarios, sales volume of the Group’s products (particularly mid-range grape wine products) increased steadily, with revenue improving by 6% year-on-year to approximately HK$135 million. Government grants received by the Group during the period increased by approximately HK$6.50 million. Profit attributable to owners of the Company also increased significantly by 73% year-on-year to HK$18.5 million in the first half of 2024. Basic earnings per share were approximately HK1.3 cents per share. During the period, due to increase in overall material costs, the Group's overall gross profit margin mildly decreased from 37% for the same period last year to 36%.Sales of white wines products of the Group grew well over the period and served as the Group’s primary revenue contributor. Sales revenue of red and white wines products accounted for approximately 45% and 51% of the Group’s overall revenue respectively for the period. During the period, the gross profit margin of red wine products and white wine products were 33% and 41% respectively (in the first half of 2023: 31% and 45% respectively).The Group has continued to strengthen its presence in Ningxia and Xinjiang. This morning, Ningxia Tianxia Winery (Phase I) was completed three months ahead of schedule and officially commenced production. The grand completion cum grape pressing ceremony was held at the Ningxia Tianxia Winery, situated nearby Eastern foothill of Helan mountain, Ningxia, which is one of the key quality grape producing areas in China. The winery will integrate pressing, fermentation, processing, testing and research and development as a whole, with an annual production and processing capacity of 5,000 tonnes. The completion and commissioning of the project will greatly increase Dynasty’s capacity to produce premium wines, become a new driver for the Group’s long-term stable development and create new quality productive forces for the Group’s development. It is therefore an important milestone in Dynasty’s development history.The completion cum grape pressing ceremony of Ningxia Tianxia Winery (Phase I)The Group has been actively pursuing innovation, embracing the “5+4+N” product strategy, with “N” standing for developing various customised products and continuously creating new products. During the period, the Group launched a new high-end product, i.e. Dynasty Chinese Zodiac Commemorative Dry Red Wine for the Jia Chen Year of Dragon, integrating the high quality with the Chinese zodiac culture and the leading rise of Chinese-style fashionable products. In addition, the Group launched a new product, Inherit Series “Passing on the Glory, Continuing the Brilliant Heritage”, at the 110th China Food & Drinks Fair in March this year, as well as other new products launched in the period such as Long Yun Series, Cabernet Reserve etc., to further improve its product matrix and provide consumers with diverse consumption choices. With leading and well-proven technologies it prides, the Group carried out comprehensive upgrade of its production techniques, packaging design, etc. With China chic on the rise, the new upgraded design is set to resonate with Chinese consumers confident of their culture, help strengthen awareness of the Dynasty brand and attract mainstream consumers fancying China-made products and China chic.In addition to enriching the product matrix, the Group is accelerating the innovation of consumption scenarios and enhancing and strengthening the wine cultural experience. In June this year, Dynasty Starry Wine Bar was officially opened in Meijiang, Tianjin, the base of Dynasty. Starry Wine Bar is a pop-up offline bar meticulously designed by Dynasty to innovate the product experience, meet the diversified needs of consumers, and create new consumption scenarios in the country. It is committed to making consumers feel the warmth of the brand and recognise the value of the brand, thereby attracting more consumers through innovation.During the period, the Group continued to develop the “Dynasty Tavern” through online channels, creating a series of product promotion articles on the WeChat official account of Dynasty Wines, and promoting Dynasty’s major mainstream products using new media formats. In addition, it integrated the night market environment to expand various wine drinking scenarios and promote Dynasty’s younger products.Moreover, the Group sold chateau wine imported from France and other foreign branded wines in Chinese market through the Group’s existing distribution network to introduce some classic “old world” and “new world” varietals to cater for part of the market that prefers the taste of foreign premium wines.Regarding online sales, the e-commerce team of the Group comprehensively operated online stores itself on the traditional e-commerce platforms, such as JD.com, Tmall and Pinduoduo for product sales, as well as comprehensive innovation on its brand, product categories, and business systems, procedures and models via interest-based e-commerce platforms, including RED, Kuai and TikTok. Such efforts facilitated the Group’s autonomous brand communications so that it could continue to gain the attention of mainstream consumer groups and demographic segments, and enhance effective market penetration of the Group’s products targeted at young consumers. The e-commerce team also actively cultivate e-commerce live broadcasting talents to further expand its sales channels so as to build up a new customer base. The Group continues investing resources for improvement of the online sales channels and optimisation of online stores interface so as to adapt to the changing customer consumption behaviour in China, and keeps promoting the exclusive products series for e-commerce platforms through channels such as live streaming or broadcasting.Mr. Wan Shoupeng, Chairman of Dynasty, concluded, “Looking ahead to the second half of 2024, the Group will keep strengthening presence in Ningxia and Xinjiang to secure the supply of quality grapes and grape juice. Ningxia Tianxia Winery (Phase I) has completed construction and begun operation, which will become a new long-term and stable economic growth point of the Group and help the regional presence and layout of Dynasty, as well as in line with the overall planning and industry planning for the development of China’s wine industry. The Board currently remains cautious on the business prospects in the second half of 2024 and the Group will continue to proactively develop the new marketing prospects by innovation in products categories and consumption scenarios, carrying out cross-industry co-operations in order to boost sales volume, and be in line with the country’s commitment to stimulating domestic consumption.” – End –About Dynasty Fine Wines Group LimitedDynasty Fine Wines Group Limited was listed on the Main Board of The Stock Exchange of Hong Kong Limited with the stock code 00828 on 26 January 2005. Founded in 1980, Dynasty is the premier grape winemaker in China. It is principally engaged in the production and sale of grape wine products under its reputable “Dynasty” brand. Dynasty is the first Sino-foreign joint venture wine company in China with Tianjin Food Group Limited and the French grape wine giant, Remy Cointreau, as its current major shareholders. The Group produces and sells more than 100 grape wine product series, and introduces imported wine products, providing high-quality and value-for-money grape wines to the full range of consumer groups in China. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Banle Group Expands Global Port Coverage to Over 60 Ports

Banle Group Expands Global Port Coverage to Over 60 Ports

August 29, 2024
HONG KONG, Aug 29, 2024 - (ACN Newswire via SeaPRwire.com) - CBL International Limited (the “Company” or “CBL”) (NASDAQ: BANL), the listing vehicle of Banle Group (“Banle” or “the Group”), a reputable marine fuel logistic company in the Asia-Pacific region, proudly announces a significant milestone by expanding its global port coverage to over 60 ports across fourteen countries and regions in four continents.This development underscores Banle's commitment to expanding its global presence and entering new markets, demonstrating the company's continued efforts to open new service ports and increase coverage for both existing and new customers. The company now provides bunkering services in Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, Singapore, Taiwan, Thailand, Turkey, and Vietnam, representing a 70% increase in port coverage since its Nasdaq listing in March 2023, solidifying Banle's position as a major player in the industry.The Group's footprint includes nine out of the top ten container ports globally by throughput volume in 2023, highlighting its dominance in key maritime hubs. The Asia Pacific region, accounting for 70% of global container port throughput, remains a key focus for Banle, while the company continues to expand its presence in Europe and other regions.The company is actively preparing to capitalize on the growing demand for greener marine fuels, driven by international regulations like the FuelEU Maritime initiative and the IMO's strategy for greenhouse gas reduction. Banle has obtained the required ISCC EU and ISCC Plus certifications to comply with these regulations.As a pioneer in providing stable biofuel supply at major ports, Banle has achieved key milestones in biofuel bunkering services, including:— July 14, 2023: Commencement of biofuel supply in Hong Kong.— September 5, 2023: First export to China cargo supply.— March 15, 2024: Introduction of biofuel supply in Guangzhou, China.— April 13, 2024: Launch of biofuel supply in Shenzhen, China (Yantian).— June 28, 2024: Inaugural biofuel supply in Port Klang, Malaysia.According to BIMCO, the container shipping market has exceeded growth expectations, with forecasts predicting a 5 – 6% increase in container volumes for 2024 and a 3 – 4% increase for 2025. Banle is well-positioned to capitalize on this growth, continuing to facilitate essential bunkering services that support the efficient and profitable operations of container liners globally."Since our Nasdaq listing, we have made remarkable strides in expanding our port coverage and enhancing our service offerings to meet the growing demands of our customers, the international shipping companies," said Mr. Teck Lim Chia, Chairman & CEO of Banle Group. "Our expansion into Europe, with establishments in Ireland, underlines our commitment to developing our green marine fuels business, which is critical for our long-term sustainability goals."About the Banle GroupCBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with one stop solution for vessel refuelling. Banle Group’s business activities are primarily focused in over 60 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, Singapore, Taiwan, Thailand, Turkey and Vietnam as of 28 August 2024. The Group actively promotes the use of alternative fuels and is awarded with the ISCC EU and ISCC Plus certifications.For more information about our company, please visit our website at: https://www.banle-intl.com.Forward-Looking StatementsCertain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan,” “should,” “would,” “plan,” “future,” “outlook,” “potential,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of BANL’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of BANL. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, markets, financial, political and legal conditions, geopolitical disruptions and other events that result in material changes in fuel prices. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.For more information, please contact:CBL International LimitedEmail: investors@banle-intl.comStrategic Financial Relations LimitedShelly Cheng Tel:(852) 2864 4857Iris Au Yeung Tel:(852) 2114 4913Email: sprg_cbl@sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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Yunkang Group’s 2024 Interim Revenue Reaches Approximately RMB380 Million

Yunkang Group’s 2024 Interim Revenue Reaches Approximately RMB380 Million

August 29, 2024
HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Yunkang Group Limited ("Yunkang" or the "Group"; Stock Code: 2325), a leading medical operation services provider in China, has announced its interim results for the six months ended 30 June 2024 (the "Reporting Period"). In the first half of 2024, the Group continued to deeply implement its overall business philosophy of “in-depth services and lean operations”. On the one hand, the Group constantly deepened the model of diagnostic testing services for medical institution alliances, rapidly replicated the joint innovation platform for diagnostic testing, created a new model for innovative medical centers, and focused on “Artificial Intelligence (“AI”) + medical care” to achieve remarkable results in product innovation + model innovation and promote high-quality development of the industry. On the other hand, it leveraged on the fast-growing digital technologies, while adhering to reduce costs and increase benefits to continuously build lean operation capabilities.During the Reporting Period, due to the challenges brought by the macro environment, the in-depth changes in the medical service market and the fierce market competition, the Group’s short-term results did not meet expectations, recording a total revenue of RMB379.9 million, of which, revenue from diagnostic testing services for medical institution alliances, diagnostic outsourcing services and diagnostic testing services for non-medical institutions amounted to RMB182.3 million, RMB179.6 million and RMB18.1 million, respectively. If excluding the impact of revenue from phased testing and screening services nationwide at the beginning of 2023, the diagnostic testing services segment provided by the Group for medical institution alliances continued to maintain high-quality growth, contributing approximately 48.0% of the revenue, making it the largest source of revenue for the Group. The Group’s gross profit was RMB128.2 million and loss attributable to owners of the Company was RMB126.1 million.The innovative model of diagnostic testing for medical institution alliances has achieved remarkable results, empowering the development of hospitals through in-depth servicesDriven by the continuous increase in favorable national policies, the market demand for medical institution alliances has been gradually released. Leveraging the overall advantages of the Group’s professional, standardized and digitally intelligent solutions for the construction of regional medical institution alliances, the Group’s innovative business model – the provision of diagnostic testing services to medical institution alliances has maintained high-quality and healthy development for many years. As at the end of the Reporting Period, the Group had successfully provided professional diagnostic services for more than 1,500 medical institutions in collaboration with medical institution alliances under over 430 jointly constructed on-site diagnostic centers for medical institution alliances across the country and had created a number of benchmark joint projects, so as to facilitate the rapid development of medical institution alliances. Apart from developing customers of the joint construction business with medical institution alliances, the Group also attached importance to the deep cultivation of existing clients and lean operations. The Group not only provided “3+1” (i.e. tumor, infection, genetics and reproduction + precision medicine) technical system support but also provided support to the in-depth service system to empower the demand and long-term development of hospitals with in-depth services.Disease- and clinical-oriented to persistently enhance product competitivenessThe Group has always adhered to the “disease and clinical” oriented service concept and built a series of high and new technology platforms including PCR, protein high-throughput sequencing, gene chip, molecular diagnosis, cytogenetic, digital remote pathology and ultramicro pathology. The technology platforms can provide over 3,500 testing items, and the annual testing specimen volume exceeds 10 million. It also has developed diversified and targeted solutions and services for clinical application scenarios in different regions and different kinds of medical institutions. In recent years, the Group has continuously increased its investment in product research and development. In the first half of 2024, the Group has launched more than 500 new testing projects, which are far ahead of its peers. New projects launched during the Reporting Period with clinical needs as the core include 12 key featured products represented by dried blood spot vitamin D, allergy gene V2.0, urinary and fungal tNGS, as well as new projects such as targeted sequencing of 158 respiratory pathogens, targeted sequencing of 265 common pathogens, intestinal flora detection (16srDNA sequencing), congenital adrenal hyperplasia (CAH) gene detection (third generation sequencing), and deafness gene screening (321 sites), which have been widely recognized by the market.The joint innovation platform for diagnostic testing was replicated rapidly, with product innovation + model innovation entering the harvest stageIn recent years, the Group pioneered the creation of “joint innovation platform for diagnostic testing”, which has successfully developed detection products for different infection syndromes in various fields such as respiratory tract infections and central nervous system infections. During the Reporting Period, the Group continued to deepen its cooperation with many top hospitals such as Guangdong Provincial People’s Hospital with which the Group has contracted and continued to develop new products and technologies and promote them to the market, which was widely acclaimed by clinicians. At the same time, the Group attached great importance to the continued development of the joint innovation platform for diagnostic testing, it has so far cooperated with dozens of top domestic medical institutions in this innovative model. By giving full play to the top hospitals’ technological leadership, as well as leveraging on the Group’s platform foundation and innovative integration advantages in cutting-edge biotechnology, AI, cloud computing, big data and other advanced digital technologies, it will jointly explore scientific research and achievement transformation in various clinical specialty areas. During the Reporting Period, the innovative products developed based on the joint innovation platform for diagnostic testing have exceeded the annual level of the previous year in terms of testing volume and testing revenue, which has injected new momentum into the Group’s long-term high-quality growth.Create a new model of innovative medical center, promote the development of medical technology industryIn terms of innovation in the medical technology industry, the Group joins hands with various partners and lays emphasis on policy guidance, clinical development, technological breakthroughs, industrial services and application promotion in a bid to explore a new cooperation model for joint innovation and cooperation with medical schools, local governments and medical institutions. Subsequent to the Reporting Period, the Group has signed strategic cooperation agreements with the People’s Government of Ouhai, Wenzhou City and Wenzhou Medical University. In the future, all parties will focus on the core areas of the biopharmaceutical industry to orderly promote the establishment of several key projects such as joint innovation and transformation platforms, public service platforms, and medical big data research platforms, regional diagnosis sharing centers and innovative talents training base to promote the rapid transformation and industrial application of scientific research results. The Group will fully support Wenzhou Medical University and its affiliated hospitals, promote the transformation of scientific research results into practical applications, and strengthen the development of clinical disciplines and superior specialties, so as to truly improve the regional medical level.Focus on “AI + medical care” to empower high-quality development of the industryThe Group has continuously improved its medical testing technology research and development and digital application, further explored cutting-edge medical fields such as remote pathology, digital pathology and AI, and built a professional service platform “AI + medical care”. Combining with its top ten digital “cloud” operation systems, the Group helps partner hospitals to accomplish remote guidance, consultation, training and other services, and accelerate the interconnection of information within the medical institution alliances. As at the end of the Reporting Period, the remote pathology consultation platform, a digital IT platform independently developed by the Group which owns all intellectual property rights thereon, covers more than 600 medical testing items and has provided standardized and intelligent professional pathology technical services to nearly 300 medical institutions. It is one of the leading remote pathology platforms in China with the most access to hospitals, and it assists medical institutions nationwide to improve examination quality and diagnosis efficiency.In terms of the application of AI-assisted diagnosis, the Group adheres to the strategy of “introducing one project once it is mature” and has successfully introduced projects such as pathological DNA polyploid AI-assisted diagnosis, cervical liquid-based cell AI-assisted diagnosis, and chromosome AI analysis, leading to the great enhancement of diagnostic efficiency. In addition, through the perfect combination of pathological AI-assisted diagnosis and remote pathology diagnosis platform, the Group has also realized the upgrade of the human-machine remote mode of “preliminary screening by AI and review by pathologist”, significantly improving the efficiency of film reading.Lean operations to reduce costs, increase benefits and improve the operation efficiencyDuring the Reporting Period, the Group launched Phase II of the Robust Project, aiming to continue to deepen the results of Phase I of the Project, to consolidate the foundation of the Group’s lean operations and management, and further improve the efficiency of the Group’s use of resources to reduce costs and increase benefits through minimizing operating costs and optimizing operation platform. Through the perseverance and efforts of the entire Group, Phase II of the Robust Project has achieved various outcomes such as improving the establishment of various operating rules and systems, optimizing the core operation and management processes, further standardizing the process supervision mechanism, and improving supervision efficiency; supported by the Group’s “cloud” system, a structured operation data support system established through IT-based means. Through lean management, the Group will comprehensively reduce costs and increase benefits from all aspects of corporate operations such as marketing, laboratories, supply chain, logistics and human resources, the outcomes of which will be seen in the second half of the year.In the future, under the Group’s business philosophy of “in-depth services and lean operations”, the Group will continue to adhere to the principles of innovation and service orientation and actively promote the development of new quality productivity in the medical and health field by leveraging on its strong technology research and development capabilities and profound industry knowledge, thereby empowering the construction of medical institution alliances and the improvement of public healthcare system. Meanwhile, the Group will proactively enhance in-depth customer services, foster lean operation management and digital empowerment, follow national policies directions, and seize the opportunities in the medical testing service market, in order to provide the public with better and more efficient, more accurate and more competitive diagnostic testing products and services, thereby contributing to the realization of the blueprint for Healthy China 2030.– End –Yunkang Group Limited (Stock Code: 2325)Yunkang Group is a leading medical operation service provider in China, which started to provide standardized medical diagnostic services to medical institutions at all levels as early as 2008. Leveraging its own professional diagnostic capabilities and the nationwide service network of integrated healthcare systems, Yunkang has gradually grown to become a medical operation service platform. Meanwhile, Yunkang is a medical operation service provider in China offering a full suite of diagnostic testing services which are diagnostic outsourcing services and diagnostic testing services for medical institution alliances. Yunkang provides diagnostic services through on-site diagnostic centers to collaborative hospitals in the integrated healthcare systems in China and assists them in improving their clinical diagnosis capabilities through co-developing diagnostic centers. As of June 30, 2024, Yunkang has successfully provided professional services to over 430 medical institution alliances and the hospitals it collaborated with were located across 31 provinces and municipalities in China.Media InquiriesYunkang Group LimitedE-mail：ir@yunkanghealth.comWebsite：www.yunkanghealth.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Trump cadangkan Biden dan Harris sebahagiannya bertanggungjawab atas cubaan membunuh beliau

Trump cadangkan Biden dan Harris sebahagiannya bertanggungjawab atas cubaan membunuh beliau

August 28, 2024
(SeaPRwire) - Calon presiden Republikan itu hampir mati apabila seorang lelaki bersenjata menembaknya di sebuah perhimpunan pada bulan Julai Calon presiden Republikan, Donald Trump, telah mencadangkan bahawa saingannya dari parti Demokrat dan naib presiden semasa, Kamala Harris, dan Presiden Joe Biden, sebahagiannya bertanggungjawab atas cubaan pembunuhan terhadapnya bulan lalu. Tokoh Republikan yang lantang itu mendakwa bahawa pasangan itu telah menyukarkan tugas Perkhidmatan Rahsia untuk melindunginya, sambil menyebarkan retorik yang boleh mendorong penembak. Trump terselamat daripada kematian apabila Thomas Matthew Crooks, 20 tahun, melepaskan tembakan ke arahnya ketika sebuah perhimpunan di Butler, Pennsylvania pada 13 Julai. Penembak yang gagal itu telah mengambil posisi di atas bumbung berdekatan yang memberikannya pemandangan yang tidak terhalang terhadap calon Republikan. Salah satu peluru menggaru telinga kanan bekas presiden, dengan seorang peserta terbunuh dan dua lagi cedera akibat tembakan itu. Penembak itu kemudiannya dibunuh oleh ejen Perkhidmatan Rahsia. Dalam satu temu bual pada hari Selasa dengan Phil McGraw, lebih dikenali sebagai Dr Phil, Trump berkata: “Saya fikir hingga ke tahap tertentu ia adalah kesalahan Biden dan Harris.” Dia menuduh pasangan itu “mempergunakan kerajaan” terhadapnya dan membawa masuk “seluruh DOJ untuk cuba mendapatkan saya.” “Mereka tidak begitu berminat dengan kesihatan dan keselamatan saya,” tambah calon Republikan itu, mendakwa bahawa Biden dan Harris “menyukarkan untuk mendapatkan kakitangan yang betul dari segi Perkhidmatan Rahsia.” Menurut bekas presiden, Harris dan Biden menggambarkannya sebagai “ancaman kepada demokrasi,” yang “boleh menyebabkan pembunuh atau bakal pembunuh bertindak.” “Mungkin peluru itu adalah disebabkan oleh retorik mereka,” cadang Trump. Pada akhir bulan Julai, Demokrat dan Republikan di Dewan Perwakilan Amerika Syarikat sebulat suara mengundi untuk menubuhkan pasukan petugas dwipartisan untuk menyiasat cubaan pembunuhan terhadap Trump. Dibentuk oleh tujuh Republikan dan enam Demokrat, matlamatnya adalah untuk memeriksa potensi kelemahan keselamatan di peringkat perundangan federal, negeri dan tempatan yang membawa kepada insiden itu. Beberapa hari sebelum itu, Kimberly Cheatle meletak jawatan sebagai pengarah Perkhidmatan Rahsia. Pemecatannya didahului oleh sesi pendengaran kongres yang bertegang yang menyaksikan ahli-ahli parlimen menuduhnya menyembunyikan maklumat dan enggan bertanggungjawab atas kegagalan keselamatan di perhimpunan itu. Dia terpaksa mengakui bahawa “pada 13 Julai, kita gagal” dengan cara yang tidak pernah dilihat selama beberapa dekad.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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IGG Inc: Viking Rise and App Business Achieve New Highs in Quarterly Gross Billing

IGG Inc: Viking Rise and App Business Achieve New Highs in Quarterly Gross Billing

August 28, 2024
2024 Interim Financial Highlights and 2H24 Outlook of IGG Inc:- For the first half of 2024, the Group experienced a 9% year-on-year increase in revenue, reaching a total of HK$2.74 billion. This growth was primarily driven by the steady success of two highly-rated strategy games, “Doomsday: Last Survivors” and “Viking Rise”, as well as the strong performance of the APP Business “Doomsday: Last Survivors” and “Viking Rise” contributed approximately HK$500 million and HK$300 million respectively, while the APP Business generated HK$400 million in revenue for the Group. These contributions highlight the Group’s commitment to diversified growth and underscore the significant role played by these key revenue drivers.- “Lords Mobile”, IGG’s flagship title launched eight years ago, contributed HK$1.34 billion.- Following the Group’s successful turnaround from a loss to an annual net profit of HK$73 million in 2023, the Group experienced a significant increase in net profit, reaching HK$330 million in the first half of 2024. The Group’s core business exceeded HK$350 million in net profit, while the investment business recorded a slight loss of approximately HK$25 million due to fair-value changes of investees.- The Board of Directors declared an interim dividend of HK8.5 cents per ordinary share, representing approximately 30% of the net profit for the first half of 2024. The Group spent nearly HK$33 million on share buybacks in the first half. The dividend declared plus the amount spent to repurchase shares make up about 40% of the Group’s net profit for the first half of 2024.- Entering the second half of 2024, “Viking Rise” and the APP Business are expected to achieve new highs, with monthly gross billing at HK$80 million and HK$120 million respectively for the past two months. With consistent growth of the core game business and APP Business, the Group expects to maintain sustained profitability in the long term.HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - IGG Inc (“IGG” or the “Group”, stock code: 799.HK), a leading global developer and publisher of mobile games and applications, announces its unaudited consolidated interim results for the six months ended 30 June 2024.Having achieved a remarkable turnaround from a loss to a profit in 2023, the Group is now directing its efforts towards “Profit-driven Growth” in 2024. In terms of revenue, the Group experienced a 9% year-on-year increase, reaching HK$2.74 billion in the first half of 2024. This growth was primarily driven by the consistent contributions from the two highly rated strategy games, “Doomsday: Last Survivors” and “Viking Rise”, along with the outstanding performance of the APP Business. “Lords Mobile”, IGG’s flagship title launched eight years ago, contributed HK$1.34 billion in the first half of 2024. During the period, “Doomsday: Last Survivors” and “Viking Rise” generated approximately HK$500 million and HK$300 million, respectively, replacing “Lords Mobile” to become the new growth drivers. Following its restructuring at the beginning of 2024, the APP Business swiftly regained momentum and achieved record-breaking revenue of HK$400 million in the first half of 2024, accounting for 15% of the Group’s total revenue, and establishing itself as a diversified growth catalyst. During the period, revenue from Asia, Europe and North America accounted for 41%, 34% and 21%, respectively, of the Group’s total revenue.With the contribution of the aforementioned businesses, continuous resource optimization, and extensive utilization of AI technology, the Group achieved a net profit of HK$330 million in the first half of 2024. The Group’s core business exceeded HK$350 million in net profit, while the investment business recorded a slight loss of approximately HK$25 million due to fair-value changes of investees. As at 30 June 2024, the Group’s mobile games were available in 23 different languages worldwide, with approximately 1.45 billion gamers in total and 17 million monthly active users (“MAU”) across more than 200 countries and regions.“Viking Rise”, the Group’s first Viking-themed strategy game, received widespread acclaim when it was launched in late 2022. Throughout the first half of 2024, the Group continued to enhance the game’s content, introducing a variety of in-game features including social play, instances, and guild battles. In a marketing campaign, the Group partnered with Hafþor Julius Björnsson, the “World’s Strongest Man” and renowned actor from the classic American TV show, to be the forefront authority for the new Valhalla Drill game mode. Additionally, the collaboration between the game and the popular TV show “Vikings” from MGM Television and its spinoff series “Vikings: Valhalla” was very well received by the game’s 30 million players. With recent marketing initiatives, the game is projected to achieve a new record in August, with monthly gross billing expected to reach HK$80 million.Expanding on the initial version of “Doomsday: Last Survivors”, the group introduced an exciting blend of MOBA (Multiplayer Online Battle Arena) and Battle Royale features to its strategy gameplay. To further enhance the experience, the Group has unveiled “Genesis War”, a thrilling large-scale guild battle that adds a new dimension to the game, propelling the average monthly gross billing to HK$86 million. The Group worked with the renowned fighting game, “THE KING OF FIGHTERS ’97”, and held the first International Offline SLG Championship for “Doomsday: Last Survivors” and “Lords Mobile”. This groundbreaking tournament is a first for the games industry.“Lords Mobile”, IGG’s innovative blockbuster title, is the Group’s first cross-platform, multi-language, real-time game designed for global gamers. Launched in 2016, the game has garnered widespread acclaim from gamers, and is recognized for its longevity[1] and ability to generate stable revenue for the Group. As at 30 June 2024, it has amassed 710 million registered users worldwide and has 9.5 million MAU. The Group unveiled an exciting array of new marketing initiatives, including the much-anticipated “Guild Expedition” feature and collaborations with esteemed partners such as iconic Italian sports car manufacturer “PAGANI”, blockbuster movies like “Shrek” and “Godzilla x Kong: The New Empire”, and the fighting game “THE KING OF FIGHTERS XV”, to offer players a refreshing gaming experience.Following a strategic restructuring in early 2024, the APP Business swiftly regained its stride and achieved remarkable milestones in gross billing and user acquisitions. During the period, the APP Business experienced a surge in monthly gross billing to an impressive HK$100 million, contributing a substantial HK$400 million in revenue for the period, accounting for 15% of the Group’s total revenue. It solidified the APP Business as a pivotal catalyst for diversified growth within the Group. As at 30 June 2024, it has over 41 million MAU. The Group’s commitment to promoting and diversifying its product portfolio, leveraging its platform-based business model, led the APP Business to achieve a monthly gross billing of HK$120 million in July.Through a combination of share repurchases and dividend payouts, the Group consistently returns value to its shareholders. During the period, the Group repurchased close to 10 million shares for a consideration of nearly HK$33 million, representing approximately 10% of interim profit. The Board of Directors declared an interim dividend of HK8.5 cents per ordinary share, representing approximately 30% of interim profit. The dividend declared plus the amount spent to repurchase shares make up about 40% of the Group’s net profit for the first half of 2024.By adhering to its long-term operational strategy, the Group will drive steady growth in both its core game business and the APP Business. Additionally, the Group will continue to adopt Artificial Intelligence Generated Content (“AIGC”) technology to optimize costs and enhance profitability. Increased marketing initiatives for “Viking Rise” and the continued growth of the APP Business are fuelling the Group’s upward trajectory and positioning it for sustained profitability in the long run. Embracing the corporate spirit of “Innovators at Work, Gamers at Heart”, the Group will continue to strengthen its global R&D and operation capabilities, to relentlessly pursue its strategy of quality, innovation, and excellence in creating innovative yet timeless games.[1] APP Business: the Group’s mobile applications[2] Source: Sensor Tower, a third-party analytics platform– END –About IGG IncEstablished in 2006, IGG Inc is a leading global mobile games and applications developer and operator with headquarters in Singapore and local offices in the United States, China, Canada, Japan, South Korea, Thailand, the Philippines, Indonesia, Brazil, Türkiye, Italy and Spain. IGG offers multi-language and multifarious games to users around the world. The Group has established long-term partnerships with over 100 business partners, including global platforms, advertising channels, and vendors such as Apple, Google and Meta. IGG’s most popular games include “Lords Mobile”, “Doomsday: Last Survivors”, “Viking Rise”, “Castle Clash”, and “Time Princess”. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Hitachi High-Tech and Gencurix entered a partnership in cancer molecular diagnostics business

Hitachi High-Tech and Gencurix entered a partnership in cancer molecular diagnostics business

August 28, 2024
Hitachi High-Tech Corporation ("Hitachi High-Tech") and Gencurix, Inc. ("Gencurix") have entered a strategic partnership (the Partnership) in the field of cancer molecular diagnostics(1). The Partnership aims to develop a testing service for the cancer molecular diagnostics by combining Hitachi High-Tech's core expertise in R&D and manufacturing of in vitro diagnostic products and digital technology, and Gencurix's technology and experience in biomarker(2) discovery for cancer diagnosis and development of molecular testing service. As a part of the Partnership, both companies concluded a Feasibility Study (FS) agreement to examine the feasibility of the business and completed the checkpoints defined in this FS agreement in June 2024. As the next step, Hitachi High-Tech and Gencurix are planning commercialization of testing services in Japan.In recent years, cancer treatments have begun to offer "personalized medicine," in which genes and proteins are examined in detail for precise diagnosis and treatment selection, and the treatment is tailored to the individual patient. As treatment modalities evolve, doctors and patients are facing with increasing opportunities to choose treatment, and clinical testing is becoming more important in supporting that choice. In the field of cancer diagnosis, where new drugs and treatments are rapidly being developed, there is a need to discover appropriate biomarkers, establish testing methods, and use digital technology to provide reports promptly with high medical value.Under these circumstances, Hitachi High-Tech, strengthening its molecular diagnostics business, and Gencurix, being specialized in biomarker discovery technology, will join forces to develop highly reliable testing services for cancer diagnosis.In April 2024, Hitachi, Ltd.("Hitachi") and Hitachi High-Tech consolidated Hitachi's Healthcare Business Division (radiation therapy, digital healthcare, etc.) to Hitachi High-Tech to promote the healthcare business based on "Diagnosis x Therapy x Digital" and create healthcare innovation. Especially in area of in vitro diagnostics area, we have contributed to improve quality and efficiency of testing with a product lineup that includes in vitro diagnostic equipment that analyzes blood and other specimens to support the diagnosis of diseases, and DNA sequencers. This Partnership is part of Hitachi High Tech's growth strategy of strengthening this molecular diagnostics business. Towards creating "a society without fear of cancer," Hitachi High-Tech aims to contribute to the improvement of people's QoL (Quality of Life) through "personalized medicine" and "sophisticated diagnosis of intractable diseases."Gencurix is a leading life science company established in 2011 in Seoul, Korea, engaged in the discovery of biomarkers for cancer diagnosis, the provision of testing services, and the sale of testing kits. Gencurix provides molecular diagnostic solutions across the cancer care process, from early detection to prognosis, companion diagnostics(3) and recurrence monitoring. Gencurix operates in Korea, Europe, and other countries around the world, and promotes joint development with pharmaceutical companies.Hitachi High-Tech and Gencurix will jointly develop cancer diagnostic tests required in clinical practice to promote personalized medicine in the oncology field and aim to provide highly reliable testing service solutions using digital technology. We will first jointly launch a testing service business in Japan and then in other countries.(1) Molecular diagnostics: Molecular diagnostic involves measuring biomolecules such as DNA, RNA, and protein contained in tissues and blood (body fluids) and provides information necessary for diagnosis or selection of therapeutic drugs to healthcare professionals.(2) Biomarker: A biomarker is a test item or biological substance that is an indicator of the presence or absence of a certain disease, a change in a disease status, or a therapeutic efficacy. Biomarkers are becoming increasingly important and enabling personalized medicine in specific disease areas such as cancer. In addition to being used as indicators to measure therapeutic efficacy, biomarkers are also expected to be used as indicators for disease prevention in the future.(3) Companion diagnostics: In vitro diagnostics to test the indication of a specific drug to improve the efficacy or safety of the drug.About GencurixGencurix is a molecular diagnostics company for cancer that provides digital PCR-based products and testing services based on a liquid biopsy, biomarker discovery and commercialization platform. Under the motto "Best in Class," Gencurix strives to solve clinical unmet needs with new technologies and testing products.Key products include GenesWell BCT, a breast cancer prognostic test, and Droplex's line of companion diagnostics for a wide range of cancers, including lung, colorectal and endometrial cancers. Gencurix has developed early diagnostic tests for major cancers, including liver and colorectal cancer, and is promoting clinical research. As written, Gencurix provides molecular diagnostic solutions across the cancer care process, from early detection to prognosis, companion diagnostics and recurrence monitoring.For further information, visit https://www.gencurix.com/About Hitachi High-TechHitachi High-Tech, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including manufacture and sales of clinical analyzers, biotechnology products, radiation therapy systems, semiconductor manufacturing equipment, analytical instruments, and analysis equipment. Also, we provide high value-added solutions in industrial fields such as mobility, connected, environment and energy, etc. Through business based on our core Observation, Measurement and Analysis technologies, we will contribute to the realization of a sustainable society by solving social issues.The company's consolidated revenues for FY2023 were approx. JPY 670.4 billion. For further information, visit https://www.hitachi-hightech.com/global/en/Contact:Business Development Dept., Diagnostic System Business Strategy Planning Div.,Diagnostic System Business, Healthcare Business Group,Hitachi High-Tech Corporationwww.hitachi-hightech.com/global/en/contactus/#sec-2 Copyright 2024 JCN Newswire via SeaPRwire.com.
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SmartHK Nanjing concludes

SmartHK Nanjing concludes

August 28, 2024
- Some 40 leaders of business and academia explored Hong Kong-Jiangsu collaboration in finance, I&T, sustainable development, culture and creativity- Exhibition showcased Hong Kong’s professional services, creative designs and I&T projects. Some 400 business matching meetings were facilitated- Some 30 Hong Kong pitched to Jiangsu investors, while 60+ Hong Kong exhibitors highlighted their diversified services and advanced scientific researchHONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Department of Commerce of Jiangsu Province as well as Hong Kong and Macao Affairs Office of Jiangsu Provincial People’s Government, concluded in Nanjing today.Centred around innovative collaboration for high-quality development, some 40 leaders of business and academia explored Hong Kong-Jiangsu collaboration in the areas of financial services, innovation and technology (I&T), sustainable development, culture and creativity.The opening ceremony was officiated by Hong Kong Special Administrative Region (HKSAR) Government Financial Secretary Paul Chan, Jiangsu Provincial People’s Government Vice Governor Fang Wei and HKTDC Chairman Dr Peter K N Lam.In his welcome remarks, Dr Lam said Jiangsu’s development positioning of one centre, one base, one hub and Hong Kong’s eight centres lay the foundation for the two places’ complementary growth. Jiangsu enterprises are encouraged to leverage Hong Kong’s professional services for business transformation and international expansion.“The HKTDC has proactively facilitated business and trade collaboration between Jiangsu and Hong Kong, in particular through the Jiangsu-Hong Kong Cooperation Joint Meeting. We have strengthened trade-related cooperation in the areas of manufacturing and supply chains, modern service industries and two-way investment. Our collaboration has now been extended to the areas of I&T, green development, culture and talent exchange. At this year’s SmartHK, we discussed finance, I&T, sustainable development, culture and creativity to showcase Hong Kong’s strengths. By focusing on I&T project matching, we’ve explored new modes of bilateral collaboration.”Mr Paul Chan said in his opening remarks: “Jiangsu and Hong Kong have a long history of cooperation, given strong bilateral economic and trade ties and frequent cultural exchanges. Many Hong Kong entrepreneurs invest and start businesses in Jiangsu. As of last year, they have invested in more than 35,000 projects. Nearly 2,300 Jiangsu businesses have set up in Hong Kong, while more than 100 Jiangsu companies are listed in our city, with a market value of more than HK$660 billion. The trade volume between Jiangsu and Hong Kong exceeded CNY85 billion in 2023, a nearly 35% increase year-on-year. Over the years, cooperation between Jiangsu and Hong Kong in finance, innovation and technology, education, culture and youth exchange, among others, has continued to deepen.”Mr Fang Wei said: “Technological innovation is key to driving high-quality development. Jiangsu’s market and industrial advantages and Hong Kong’s scientific research and financial advantages can accelerate the pace of innovation across industries and enable China to be self-reliant in the area of science and technology. As super connector, Hong Kong can link Jiangsu with global markets. Leveraging our respective strengths, we look forward to deepening our cooperation in trade and investment, work together to explore Belt and Road markets, among others, and accelerate national development.”Henry Tang, Chairman of The West Kowloon Cultural District Authority Board; Nancy Ip, President of The Hong Kong University of Science and Technology (HKUST); Gilbert Lee, Head of Strategy & Planning and Chief of Staff to the Chief Executive of Hang Seng Bank Limited, Non-executive Director of Hang Seng Bank (China) Limited, and Chairman of Hang Seng Indexes Company Limited; Roger Chen, Managing Director of China of CLP Holdings Limited; and Chen Shu, President of Jiangsu Soho Holdings Group, discussed the roadmap for Hong Kong-Jiangsu development. They shared their insights about the cultural industry, I&T, cross-border green finance, sustainable energy and success stories from previous collaborations between Hong Kong and Jiangsu.The HKTDC joined hands with InvestHK, HKSAR Innovation and Technology Commission, the Federation of Jiangsu Community Organisations, Jiangsu Development and Reform Commission, Jiangsu Provincial Department of Science and Technology, Industry and Information Technology Department of Jiangsu, Department of Ecology and Environment of Jiangsu Province, Jiangsu Provincial Department of Culture and Tourism, Jiangsu Provincial Financial Regulatory Administration, Jiangsu Federation of Industry and Commerce, Jiangsu Youth Federation as well as Jiangsu Sub-council of China Council for the Promotion of International Trade to host four thematic sessions. Industry experts discussed business opportunities in financial services, I&T, sustainable development, culture and creativity.Green development was a key topic for this year’s SmartHK. The “Green and Sustainable Development” thematic session, exclusively sponsored by Hang Seng Bank Limited, SmartHK’s Diamond Sponsor and Cross-Boundary Green Finance Partner, focused on exploring the green and sustainability development needs and cooperation opportunities between Hong Kong and Jiangsu.Ryan Song, Vice-Chairman and Chief Executive of Hang Seng Bank (China) Limited, delivered opening remarks for the session. Dr. Shelley Zhou, Head of Corporate Sustainability of Hang Seng Bank Limited, delivered a keynote speech titled on market trends and international standards of green finance and sustainable development”.Chan Pui-cheong, CEO of the Hong Kong Quality Assurance Agency; Arthur Lam, Co-Founder and CEO of Negawatt Utility Limited; Angus Wong, Managing Director for Wholesale Client Coverage of Hang Seng Bank Limited; Christopher Lau, Executive Director of Gold Peak Technology Group Limited; and Liu Changliang, Director of Sustainability of the Nanjing Iron and Steel Company Limited, discussed other topics including “Green and Development Certification Services and the Importance of ESG Information Disclosure in the International Market”; “Achieving Carbon Neutrality with the Help of Green Technologies”; “Business Expansion with the Help of Sustainable Financing”; “Green Transformation of Hong Kong Manufacturing Industry” and “Jiangsu Enterprises’ Green Finance and Green Businesses’ Needs”. The panel speakers also explored Hong Kong-Jiangsu cooperation opportunities in green finance and sustainable development.Some 30 start-ups from HKUST, The Hong Kong Polytechnic University, The Chinese University of Hong Kong and InnoClub, co-created by the HKTDC and Hang Seng Bank Limited, took part in a Smart+ pitching session to present their latest innovative solutions to Jiangsu investors and partners.To foster collaboration opportunities, a hallmark of HKTDC events, some 400 business matching meetings were facilitated to connect Jiangsu and Hong Kong companies.An exhibition of over 60 enterprises and start-ups showcased Hong Kong’s latest I&T products and services.WebsitesSmartHK: https://smarthk.hktdc.com/Photo download: https://bit.ly/3AER6D5SmartHK was held in Nanjing on 28 August.Jiangsu Provincial People’s Government Vice Governor Fang Wei (front, fourth from the right) and HKTDC Executive Director Margaret Fong (front, fourth from the left) attended the 12th Jiangsu-Hong Kong Cooperation Joint Meeting.Hong Kong SAR Government Financial Secretary Paul Chan (front, sixth from the left), Jiangsu Provincial People’s Government Vice Governor Fang Wei (front, seventh from the left), HKTDC Chairman Dr Peter K N Lam (front, fifth from the left), and HKTDC Executive Director Margaret Fong (front, fourth from the left) attended SmartHK.Hong Kong SAR Government Financial Secretary Paul ChanHKTDC Chairman Dr Peter K N LamJiangsu Provincial People’s Government Vice Governor Fang WeiChairman of The West Kowloon Cultural District Authority Board Henry Tang discussed cooperation opportunities between Jiangsu and Hong Kong in the areas of culture and creativity.(Starting second from left) Nancy Ip, President of The Hong Kong University of Science and Technology; Gilbert Lee, Head of Strategy & Planning and Chief of Staff to the Chief Executive of Hang Seng Bank Limited, Non-executive Director of Hang Seng Bank (China) Limited, and Chairman of Hang Seng Indexes Company Limited; Roger Chen, Managing Director of China of CLP Holdings Limited; and Chen Shu, President of Jiangsu Soho Holdings Group, discussed the roadmap for Hong Kong-Jiangsu development.The Green and Sustainable Development thematic session was exclusively sponsored by Hang Seng Bank Limited, SmartHK’s Diamond Sponsor and Cross-boundary Green Finance Partner, focusing on green and sustainable development needs of and cooperation opportunities between Hong Kong and Jiangsu.Some 30 start-ups from The Hong Kong University of Science and Technology, The Hong Kong Polytechnic University, The Chinese University of Hong Kong and InnoClub, co-created by the HKTDC and Hang Seng Bank Limited, took part in a pitching session to present their latest innovative solutions to Jiangsu investors.Media enquiriesPlease contact:Xinhua Daily (PR agency)Li JiaweiTel: (86) 15995295632Email: 1360342750@qq.comYu YanTel: (86) 13584019845Email: 422791094@qq.comThe HKTDC’s Communications & Public Affairs Department (Headquarters, Hong Kong):Jane CheungTel: (852) 2584 4137Email: jane.mh.cheung@hktdc.orgSam HoTel: (852) 2584 4537Email: sam.sy.ho@hktdc.orgThe HKTDC’s Communications & Public Affairs Department (Shanghai):Sun PingTel: (86) 21-63528488 Email: p.sun@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.
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The 9th Belt and Road Summit returns next month

The 9th Belt and Road Summit returns next month

August 28, 2024
- The 9th Belt and Road Summit, co-organised by the HKSAR Government and the HKTDC, will return on 11 and 12 September (Wednesday to Thursday)- This year marks the 75th anniversary of the founding of the People’s Republic of China. As part of celebration activities, the Summit is themed Building a Connected, Innovative and Green Belt and Road. It will gather over 80 key officials and business leaders from Belt and Road countries and regions to explore cooperation opportunities- A brand-new Green Chapter is added this year, aligning with the Summit theme to feature a variety of thematic sessions on green development and innovationHONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - The Belt and Road Summit, co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and Hong Kong Trade Development Council (HKTDC), will take place on 11 and 12 September.Themed Building a Connected, Innovative and Green Belt and Road, the Summit will bring together over 80 key officials and business leaders from Belt and Road countries and regions, they will be engaged in discussions on leveraging Hong Kong's unique advantages to jointly explore Belt and Road markets and uncover cooperation opportunities.The Summit is a key platform for Hong Kong to promote the Belt and Road Initiative (BRI), closely aligned with the eight major steps announced by President Xi Jinping last year to support high-quality Belt and Road cooperation.The Opening Session will feature welcome remarks by Dr Peter K N Lam, Chairman of the HKTDC and opening remarks by John Lee, Chief Executive of the HKSAR. Nurlan Baibazarov, Deputy Prime Minister and Minister of National Economy of Kazakhstan, will give a keynote address.Algernon Yau, Secretary for Commerce and Economic Development of the HKSAR Government, said: "As our country's Belt and Road Initiative enters its next golden decade and the Third Plenary Session of the 20th Central Committee of the Communist Party of China has proposed improving the mechanism for high-quality Belt and Road cooperation, Hong Kong, with the solid support of the nation, will continue to capitalise on our unique advantages under one country, two systems to play a more active role by leveraging its strengths as a two-way global investment and trade hub, a hub for technological innovation and green development and an international cultural exchange centre. The Belt and Road Summit will deepen international business cooperation and consolidate Hong Kong's position as the preferred business platform for the Belt and Road Initiative, fully demonstrating Hong Kong's important functions and positioning in global finance, business cooperation, people-to-people exchanges, innovation and technology development, guiding enterprises to explore new business opportunities."Dr Peter K N Lam, Chairman of the HKTDC, said: "With the support of its global network of 50 offices, the HKTDC organises business delegations and outreach activities to Belt and Road countries and regions, promoting tripartite cooperation among Mainland Chinese and Hong Kong professional service providers, investors and Belt and Road project owners. The HKTDC also enables businesses to leverage their own strengths to help Hong Kong play the role of superconnector, linking China with the world. We will continue to seize the opportunities at this year's Belt and Road Summit to strengthen connections with ASEAN and Belt and Road countries. We will also set up new consultant offices in Dhaka of Bangladesh and Phnom Penh of Cambodia, further expanding our network along the Belt and Road."Seizing opportunities and deepening networks in emerging marketsThe ASEAN region is Hong Kong's second-largest trading partner and the world's fifth-largest economy. Last year, the bilateral trade value reached US$144.6 billion, accounting for nearly 13% of Hong Kong's total foreign trade. The development potential is enormous. Last month, John Lee, Chief Executive of the HKSAR, led a HKTDC delegation to Laos, Cambodia, and Vietnam, the three ASEAN countries. The visit was highly fruitful, with 55 cooperation MoUs signed, further expanding Hong Kong's network in the region. Seven of these MoUs were signed between the HKTDC and relevant chambers of commerce, governments, and organisations in the three countries, further strengthening Hong Kong's ties with the regions for future Belt and Road development.Following the recent fruitful ASEAN mission to Laos, Cambodia and Vietnam led by Mr Lee, the Summit will focus on ASEAN and emerging markets in the Policy Dialogue and Business Plenary on day one, with the participation of ministerial-level officials and business heavyweights. The second day's Business Plenary will cover the Middle East and adjacent regions.In May this year, a Mainland-Hong Kong business delegation led by the Department of Taiwan, Hong Kong and Macao Affairs of the Ministry of Commerce of the People's Republic of China and the Belt and Road Office of the Commerce and Economic Development Bureau of the HKSAR Government, co-organised by the HKTDC and the China International Contractors Association, visited Hungary and Kazakhstan to explore Belt and Road business opportunities. Senior officials and business leaders from these two countries will attend the Summit, to strengthen their ties with Hong Kong. Among the speakers, Nurlan Baibazarov, Deputy Prime Minister and Minister of National Economy of Kazakhstan, will deliver a keynote address, while Peter Fekete, Group CEO of 4iG, will participate in the second day's Business Plenary.Debut Green Chapter to showcase Hong Kong advantages in greentech and financeHong Kong's green finance development has been thriving, with the scale of green financing continuing to expand. In 2023, the total amount of green and sustainable debt issued in Hong Kong surpassed US$50 billion. Among this, the total amount of green and sustainable bonds arranged for issuance in Hong Kong ranked first in the Asian market, accounting for 37% of the total. This has attracted a wealth of green capital and financial products, giving Hong Kong a significant advantage in developing into an international green technology and finance centre. Additionally, the Clean Air Plan for Hong Kong 2035 covered six major areas – green transport, liveable environment, comprehensive emissions reduction, clean energy, scientific management, and regional collaboration – reflecting Hong Kong's determination to proactively address the challenges of climate change.In view of the growing global focus on green development and the tremendous strides Hong Kong continues to make in that regard, the Summit will debut the Green Chapter, featuring thematic sessions on green construction, innovation, finance and more, enabling participants to explore how to leverage the Hong Kong platform to make their business greener. The co-organising institutions include the China International Contractors Association, HSBC and HKMA Infrastructure Financing Facilitation Office.As the BRI continues to drive regional development, the Business Plenary on the first day of the Summit, themed Capturing Belt and Road Business Opportunities, will explore promising prospects from rapidly rising ASEAN, building on concrete achievements in the past years. The focus will be on Hong Kong’s role in facilitating multilateral business cooperation as well as the strategies global enterprises are adopting under the latest global landscape.The session will be moderated by K C Chan, Chairman of WeLab Bank. Speakers will include Clara Chan, CEO of Lee Kee Group; Dato’ Seri Cheah Cheng Hye, Co-Chairman and Co-Chief Investment Officer of Value Partners Group; Ding Yanzhang, Chairman of Power Construction Corporation of China; and Shinta Widjaja Kamdani, CEO of Sintesa Group.The Business Plenary on the second day will be themed Tapping the Markets of New Opportunities. The session will be moderated by Ronnie C. Chan, Honorary Chair of Hang Lung Properties Limited. H.E. Mohamed Abduljabbar Alkoheji, Second Vice Chairman of the Bahrain Chamber of Commerce & Industry; Bonnie Y Chan, CEO of Hong Kong Exchanges and Clearing Limited; Peter Fekete, Group CEO of 4iG; Eric Ip, Group Managing Director of Hutchison Port Holdings Limited; and Iqbal Khan, CEO of Fajr Capital, will explore arising opportunities in the Middle East and other markets along the Belt and Road.This year, the Summit will feature two new thematic sessions: Multi-dimensional Connectivity under the Belt and Road Initiative and People-to-People Exchanges through Business and Cultural Collaboration. In the former session, experts from industries such as shipping, ports, airports, logistics and trade will jointly discuss and delve into the progress and development potential of connectivity among transportation networks. The latter session, co-organised by Standard Chartered Bank (Hong Kong) Limited, aims to explore ways to enhance interconnectivity, mutual understanding and friendly relations among countries within the Belt and Road Initiative through economic and trade cooperation, as well as cultural exchanges.Other thematic breakout sessions include Mainland-Hong Kong Trade In Services Symposium co-organised with the Ministry of Commerce of the People's Republic of China as well as a session on legal cooperation co-organised with the Department of Justice of the HKSAR Government.As part of the Finance Chapter, co-organised with the Insurance Authority, Financial Services Development Council, Bank of China (Hong Kong), HKMA Infrastructure Financing Facilitation Office and Hong Kong Cyberport Management Company Limited, four sessions will analyse opportunities of leveraging Hong Kong's financial services. For the Youth Chapter, young business leaders will share how they seize opportunities under the BRI.Connecting global enterprises to facilitate business matchingThis year’s Summit will continue to offer investment and business matching. Business matching meetings will provide a full range of services in both physical - 11 and 12 September - and online - 16 and 17 September - forms.More than 280 investment projects are expected to me matched, with more than 800 one-to-one project matching meetings taking place. The deal-making service includes one-to-one business matching meetings and project investment sessions. Business matching meetings connect participants based on investment preferences and business expertise to facilitate collaboration opportunities.Project investment sessions enable project owners from different countries to present projects, giving investors and service intermediaries a comprehensive understanding of the investment opportunities in different sectors. Project investment sessions will focus on four main areas: energy, natural resources and public utilities; innovation and technology; urban development; and transport and logistics infrastructure.The Summit’s exhibition area will gather over 100 exhibitors across the Hong Kong Zone, Global Investment Zone and InnoTech Zone. The Hong Kong Zone will showcase the services and business advantages of Hong Kong service providers, while the Global Investment Zone will present large-scale investment projects, cultural and technological developments as well as global investment opportunities. The InnoTech Zone will feature cutting-edge innovations, AI, technologies and solutions from exhibitors around the globe.The 9th Belt and Road SummitDate11 to 12 September 2024VenueHall 5B-E, Hong Kong Convention and Exhibition CentreRemarksVideo and audio recordings at the Forum should be used only in the context of media reportingMedia RegistrationPlease contact awong@yuantung.com.hk or lsong@yuantung.com.hk for media registrationWebsitesBelt and Road Summit: https://www.beltandroadSummit.hk/conference/bnr/enProgramme:https://www.beltandroadsummit.com/conference/bnr/en/programmeSpeaker list: https://www.beltandroadsummit.com/conference/bnr/en/speakerMedia representatives who would like to conduct interviews with the speakers, please submit interview requests to awong@yuantung.com.hk or lsong@yuantung.com.hk by 6 September.Photo download: https://bit.ly/4g2t70HThe 9th Belt and Road Summit will be held on 11-12 September at the Hong Kong Convention and Exhibition Centre. The Summit will bring together over 80 government officials and business leaders from around the world to share their insights and expertiseMedia enquiriesYuan Tung Financial Relations:Anson WongTel: (852) 3428 3413Email: awong@yuantung.com.hkLouise SongTel: (852) 3428 5691Email: lsong@yuantung.com.hkHKTDC’s Communications & Public Affairs Department:Clayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgAgnes WatTel: (852) 2584 4554Email: agnes.ky.wat@hktdc.orgHKTDC Media 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.
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Transforming CX: Discover What’s Next at the World CX Summit and Awards

Transforming CX: Discover What’s Next at the World CX Summit and Awards

August 28, 2024
BENGALURU, INDIA, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - As India rises as a leading hub for technological innovation, the 12th Global Edition of the World CX Summit and Awards, hosted by Trescon, will examine the evolving customer experience (CX) landscape. Scheduled for 19 September at JW Marriott Hotel, UB city, Bengaluru, this summit will gather over 200+ top-notch CX Leaders & Marketing enthusiasts will be sharing actionable insights and discuss successful use cases that are shaping the future of CX.In light of the recent technological disruptions, including a significant outage that impacted millions of users, and the challenges faced across different industrial verticals, the importance of resilience, effective crisis management, and clear customer communication has become increasingly evident. The summit will address these issues by offering valuable insights into managing crisis effectively and enhancing customer trust through strategic innovations and best practices.Attendees will participate in high-impact sessions, including keynotes, panel discussions and conference, all aimed at advancing the CX landscape through a blend of emerging customer experience solutions and best practices designed to address current challenges and foster future progress.#WorldCXSummit features a dynamic agenda covering essential topics, from implementing strategic generative AI to integrating data analysis, enhancing human-like interactions through Conversational AI, interpreting customer feedback, and more.Among the notable speakers at the event are:Gurpreet Jolly, Head - Customer Experience and Service Delivery, AJIO (Reliance Retail Ltd.)Shruthi Bopaiah, Executive Vice President & Head - Customer Obsession, Axis BankSatish Patil, Director CX, Samsung ElectronicsVishal Bhatia, Chief Digital Officer, Canara BankDeepak Maloo, AVP, Food Strategy, Customer Experience & Restaurant Experience, SwiggyAvijit Mohapatra, Head of Flipkart Customer Experience Transformation, FlipkartVindhya Shanmugam, Senior Director - CX Growth, MyntraPriya Chakravarthy, Vice President - Experience, BluSmartNikhil Godbole, Group Head of Customer Service, JupiterRahul Poddar, Country Head Martech, Narayana HealthRahul Garg, Head – CX, Games 24x7Deepak Nayak, Sr Vice President – Customer Experience, Gameskraft“Customer experience is no longer just a touchpoint but a strategic pillar that drives competitive advantage. The World CX Summit offers a platform where thought leaders and innovators will gather to discuss and demonstrate how superior customer service can be achieved and sustained,” stated Mithun Shetty, Vice Chairman, Trescon. He further added, “By examining real-world use cases and emerging technologies, we will collectively advance our understanding of how to create memorable and impactful customer experiences that foster long-term loyalty,”Sharing the importance of the summit, Aalok R Pradhan, Head - Customer Delight, CX, COE - Digital & AI at TVS said, “World CX Summit in my opinion is a platform which can be leveraged by major CX professionals. This summit aims at new edge CX practices as well as the best-in-class products for CX professional to assess and up their game.”The event will also showcase the much awaited World CX Awards, spotlighting and celebrating the pioneering achievements of the nation’s foremost CX professionals. This segment will honour outstanding leadership and exceptional contributions across various sectors, marking a prominent celebration for the ‘Top 100 CX Leaders Awards’ and ‘Top Marketing Leaders’. Register to attend and to submit your nominations to celebrate with those setting new benchmarks in customer experience and marketing innovation. Secure your place and contribute to the advancement of CX today!About TresconTrescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients. For more information about Trescon, visit: www.tresconglobal.comFor media inquiries and further information, please contact:Vishal S STeam Leader – Media and CommunicationsTresconEmail: vishals@tresconglobal.comMobile: +91-7358680951 Copyright 2024 ACN Newswire via SeaPRwire.com.
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IBA of San Marino Partners with crwdunit for Advanced Quantum Ledger and Commodity Solutions

IBA of San Marino Partners with crwdunit for Advanced Quantum Ledger and Commodity Solutions

August 28, 2024
SAN MARINO, ITALY , Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - IBA of San Marino, (https://www.iba.sm) an innovation leader in custodial agency and proof of transit technologies for commodities and a subsidiary of Spectral Capital Corporation (OTCQB:FCCN), today announced a strategic licensing agreement with crwdunit, Inc., a wholly owned subsidiary of CrowdPoint Technologies, Inc. This partnership aims to transform IBA’s approach by creating a quantum bridge from Distributed Ledger Technology (DLT) to traditional commodity custodianship using crwdunit’s cutting-edge quantization technology on a decentralized cloud infrastructure.Revolutionizing Asset Management with Quantum TechnologyIBA will utilize crwdunit’s precise asset valuation technology to enhance its operations, offering unprecedented accuracy and scalability in commodity asset management through the use of Quantum Value Units (QVUs). This integration ensures precise and reliable asset management and valuation during transit.Under this agreement, crwdunit technology will help IBA measure the quantization process when data is placed on a decentralized cloud infrastructure using CrowdPoint’s Distributed and Decentralized Quantum Ledger Database (Vogon Cloud). Vogon Cloud, formerly Node Nexus Network (NNN) which was acquired by Spectral Capital last week, combines quantum computing with a high-performance Zaph virtual machine, offering real-time analytics, secure data storage, and superior scalability.Vladimir Lakin, GM of IBA of San Marino, stated, “Our collaboration with crwdunit marks a significant advancement in our use of decentralized technologies and commodity custodianship services. The real-time quantization capabilities will redefine our asset valuation processes, enhancing transparency and security of traditional DLTs.”Nadab U. Akhtar, Co-Founder, President, and COO of CrowdPoint Technologies, added, “This partnership highlights the impact and versatility of our ecosystem in transforming traditional asset management and DLT with cutting-edge quantum technologies.”About IBA of San MarinoIBA of San Marino, a subsidiary of Spectral Capital Corporation (OTCQB:FCCN), specializes in creating custodianship, immutability, transparency, and a quantum bridge to DLT. Focused on leveraging innovation to deliver high-quality custodianship, IBA helps commodity owners worldwide quantize their contribution to a multi-billion-dollar daily commodity-in-transit market, accelerating its annual growth rate and contributing to positive economic impact in developing nations by creating a new kind of financial alpha.About crwdunit, Inc.A wholly owned subsidiary of CrowdPoint Technologies, Inc., crwdunit develops advanced data architecture and quantization solutions for decentralized systems and asset management, driving growth and operational excellence.About Crowdpoint Technologies inc.CrowdPoint is a pioneer in quantum cloud technology, developing Vogon™, a Distributed and Decentralized Quantum Ledger Database (D2/QLDB™). CrowdPoint’s solutions enhance real-time intelligence, data optimization, and edge-computing, benefiting sectors such as energy management and e-commerce.About Spectral Capital CorporationAbout Spectral Capital Corporation: Founded in 2000 and based in Seattle, Washington, Spectral Capital (OTCQB:FCCN) is a technology startup accelerator and quantum incubator. We specialize in Quantum as a Service (QaaS), leveraging our proprietary Distributed Quantum Ledger Database technology (DQ-LDB) to offer secure, advanced storage and computing solutions.Forward Looking StatementsThis press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and FCCN's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although FCCN believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of FCCN. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in FCCN's business; competitive factors in the market(s) in which FCCN operates; risks associated with operations outside the United States; and other factors listed from time to time in FCCN's filings with the Securities and Exchange Commission. FCCN expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in FCCN's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.SOURCE: Spectral Capital CorporationFor Media Inquiries:Andrew BardRubenstein Public Relationsabard@rubensteinpr.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Solar District Cooling Group Berhad Aims to Raise RM45.09 Million from ACE Market IPO

Solar District Cooling Group Berhad Aims to Raise RM45.09 Million from ACE Market IPO

August 28, 2024
KUALA LUMPUR, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Solar District Cooling Group Berhad ("SDCG") is pleased to announce the launch of its prospectus for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities"). The IPO represents a significant milestone in the company’s growth trajectory, allowing SDCG to expand its operations and strengthen its market position in building management system (“BMS”) and solar thermal systems and energy saving services.Mr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.Mr. Edison Kong, Managing Director, Solar District Cooling Group BerhadMdm. Eileen Liuk, Executive Director, Solar District Cooling Group Berhad[L-R]SDCG and its subsidiaries (“Group”) are principally involved in the provision and maintenance of BMS, solar thermal systems and energy saving services. The Group has a proven track record of enhancing energy efficiency across healthcare, hospitality and industrial sectors. SDCG Group is involved in providing energy performance services to the concession companies that are providing hospital support services for public hospitals. The concessionaires engaged SDCG Group as a subcontractor to carry out energy efficiency work related to the installation of hybrid solar thermal hot water systems, and for some contracts, retrofitting of fluorescent lighting of LED lighting.Mr. Wong Kei Fai, Independent Non-Executive Director, Solar District Cooling Group BerhadMs. Wong Poh May, Independent Non-Executive Director, Solar District Cooling Group BerhadMr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.Mr. Edison Kong, Managing Director, Solar District Cooling Group BerhadMdm. Eileen Liuk, Executive Director, Solar District Cooling Group BerhadIr. Dr. Khairul Azmy Bin Kamaluddin, Independent Non-Executive Chairman, Solar District Cooling Group BerhadYM Raja Nor Azlina Binti Raja Azhar, Independent Non-Executive Director, Solar District Cooling Group BerhadFollowing the IPO exercise, SDCG is expected to raise RM45.09 million via the issuance of 118.67 million shares at the issue price of RM0.38 per share. The proceeds will be allocated in the following manner:RM1.90 million for the expansion of headquarters in Kajang, Selangor; RM5.00 million for tender bonds and/or performance bonds for future projects;RM18.70 million for the purchase of materials for BMS segment, and solar thermal systems and energy-saving services segment;RM12.67 million for general working capital; RM2.52 million for capital expenditure, including new equipment for BMS, installation and maintenance of solar thermal hot water systems, and purchasing ICT software and services; andRM4.30 million for estimated listing expenses.Applications for the IPO will open at 10:00 a.m. today, following the prospectus launch, and will close on 6 September 2024. SDCG is scheduled to list on the ACE Market on 19 September 2024. At the IPO price of RM0.38 per share, the market capitalisation of the company upon listing will be RM161.05 million.Managing Director of SDCG, Mr. Edison Kong commented, "This IPO represents a significant milestone in Solar District Cooling Group Berhad’s journey. Since 2008, we have been driven by a commitment to innovation, efficiency, and sustainability. Our focus on delivering Building Management Systems and solar thermal technologies has helped us enhance energy efficiency and promote environmental stewardship. With this listing, we look forward to embracing new opportunities and setting new standards in our business. I am deeply grateful to our team, clients, and partners for their continued trust and support.”Head of Capital Markets of Mercury Securities Sdn Bhd, Mr. Chris Lai Ther Wei stated, “We would like to congratulate the Board and the entire team of Solar District Cooling Group Berhad on the successful launch of your IPO prospectus. Well done for reaching another milestone in your corporate journey.”Mercury Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for SDCG. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Sunshine Insurance Announces 2024 Interim Results

August 28, 2024
2024 Interim Results Highlights:- GWPs increased by 12.8% YoY to RMB76.46 billion;- Insurance revenue increased by 4.4% to RMB31.49 billion;- Net profit attributable to equity owners of the parent increased by 8.6% to RMB3.14 billion;- Embedded value was RMB112.64 billion, up 8.2% from the end of last year on a comparable basis;- The annualised comprehensive investment yield was 7.2% and the annualised total investment yield was 3.6%;- As of the end of June 2024, the number of active customers was approximately 30.784 million.HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Sunshine Insurance Group Company Limited (“Sunshine Insurance” or the “Company”, and its subsidiaries collectively the “Group”; Stock code: 6963.HK) announces the unaudited interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2024.In the first half of 2024, China’s national economy operated in overall stability, achieving progress amid stability. New growth drivers accelerated, and high-quality development gained new strides. The insurance industry, as an important part of the economic system, exhibited a positive development trend, with supply and demand driving the continuous growth of market size. As the only listed traditional insurance company among the 205 mainland insurance companies established in this century, the Group seized the opportunities arising from economic improvement and the increasing demand for insurance. The Group promoted steady growth across various businesses, continuously enhanced its value creation capability and maintained a good development momentum. During the Reporting Period, the gross written premiums of the Group were RMB76.46 billion, representing a year-on-year increase of 12.8%, and the insurance revenue reached RMB31.49 billion, representing a year-on-year increase of 4.4%. The net profit attributable to equity owners of the parent was RMB3.14 billion, representing a year-on-year increase of 8.6%. The embedded value of the Group was RMB112.64 billion, up 8.2% from the end of the previous year. The annualised total investment yield of 3.6% and annualised comprehensive investment yield of 7.2%. As of the end of June 2024, the Group’s active customers were 30.784 million.The further consolidation of core business realized the leap in its value creation capabilityIn the first half of 2024, the Group firmly adhered to the path of high-quality development and high-value growth, and continued to promote the “New Sunshine Strategy” with “Technological Sunshine”, “Valuable Sunshine” and “Caring Sunshine” as the core. It created the unique core competitiveness of Sunshine through model innovation. As a result, the operating results achieved steady growth, the value creation capability saw a leap, the core competence of the main business of insurance has been further stabilized and enhanced, and the overall market competitiveness of the Group has been effectively improved.In terms of life insurance business, Sunshine Life kept pursuing value-oriented development, steadily implemented the strategy of “New Sunshine”, thereby continuously consolidating the advantage of diversified channel development and achieving initial efforts in the transformation and development of sales-force. Meanwhile, Sunshine Life strengthened the linkage between assets and liabilities, while it also upgraded and optimized product and service system. The operation showed a positive momentum of “steady improvement” and “improving quality while maintaining stability”. During the Reporting Period, GWPs reached RMB51.76 billion, a year-on-year increase of 12.9%; the value of new business was RMB3.75 billion, a year-on-year increase of 39.9%; the GWPs from the individual insurance channel amounted to RMB13.69 billion, a year-on-year growth of 25.5%, of which, FYRPs amounted to RMB3.58 billion, a year-on-year growth of 18.5%; In terms of worksite marketing, FYRPs increased by 42.7% year-on-year. The synergistic development of multiple channels has resulted in rapid growth in overall value, a steady recovery in effective manpower and a sustained increase in agent productivity.In terms of property and casualty insurance business, Sunshine P&C adhered to the development concept of “seeking progress amidst quality”, and solidly pushed forward the implementation of the “New Sunshine” strategy, and continuously consolidated a solid foundation for high-quality development. During the Reporting Period, Sunshine P&C achieved the stable growth of business, continued to optimized its business structure and maintained a good quality. The original premium income (OPI) was RMB24.65 billion, representing a year-on-year increase of 12.4%; the proportion of non-automobile insurance premiums was 46.1%, representing a year-on-year increase of 4.8 percentage points; the proportion of personal vehicle premiums to the automobile insurance was 62.4%, representing a year-on-year increase of 1.5 percentage points. The underwriting combined ratio was 99.1% and the underwriting profit was RMB0.2 billion.In terms of asset management, the Group upholds the philosophy of long-term value investment, and continuously optimizes the asset-liability management system. By harnessing the full-range investment qualifications and diversified investment capabilities, the Company maintains a clear strategic focus to develop the strategic asset allocation. Furthermore, it keeps enhancing its investment research capacity and carry out tactical asset allocation scientifically and flexibly under the premise of strictly managing investment risks, to create long-term, stable, and sustainable investment performance for insurance funds. During the Reporting Period, the Group’s investment performance remained stable. And achieved total investment income of RMB8.33 billion, reflecting a year-on-year increase of 8.2%, with annualised total investment yield of 3.6% and annualised comprehensive investment yield of 7.2%.The digital transformation continued to be deepened with customer experience and operational efficiency improved consistentlyTechnology is a key force in promoting the development of the financial industry and an important source of power for economic development. During the Reporting Period, in order to improve customer experience, improve operational efficiency and management, the Company made great efforts on “artificial intelligence+”, achieved breakthroughs in AI applications in key areas, and continued to deepen its digital transformation.In terms of sales support, it optimized and upgraded the property and casualty insurance as well as life insurance sales management platform. The property insurance set up a fully online closed-loop process for main non-automobile products from quotes to issuance, improved the digital closed-loop of marketing activities and empowered the per capita productivity improvement and efficiency. The life insurance “Know Your Insurance ” assisted agents in providing customers with coverage planning and product recommendations. In terms of customer service, the Group continuously improved its online customer service platform. The online rate of property insurance value-added service reached 96.3%. The online rate of life insurance preservation services was 96.4%. In terms of management empowerment, the Group built an intelligent risk control system across the Group, improved “non-automobile data mortality table ” system with regard to property and casualty insurance, and improved non-automobile insurance risk pricing capabilities; with regard to the life insurance, the Group created a total of 354 online risk monitoring indicators, which effectively prevented risks.Furthermore, the Group strengthened the availability of AI data and the construction of the Sunshine Zhengyan big model, which has been further applied in customer service, intelligent claims settlement, smart office and other scenarios. Customer service robots provided customers with services such as policy search, automobile insurance claims reporting, and life insurance follow-ups, achieving a customer satisfaction rate of 90.2% on non-human service. The usage rate of the document classification and visual injury identification functions for smart claims in personal injury assessments within property insurance exceeded 80%, with a document classification accuracy rate of 95.6%. The Sunshine Office GPT has been used a total of 1.02 million times, covering 84% of employees.The “Caring Sunshine” strategy further advanced and customer-centric mindset has been effectively implemented“All for customers” is the business value upheld by Sunshine Insurance, and it is also the starting point of creating the “Caring Sunshine” strategy. In order to further promote the “Caring Sunshine” strategy, in the first half of 2024, Sunshine Life continued to promote the “Matrix Plan” with focus on the “three/five/seven ” product system, and to enrich the connotation of the “three/five/seven ” product system, continuously meeting the needs for insurance products in customers’ different life stages. In terms of health protection, the Group launched the exclusive term critical illness insurance for children, the high-end accident medical insurance for children and the maternal and child medical insurance to meet the health protection needs of specific groups of customers’ families and further expand the coverage of customers. In terms of aged care and wealth inheritance, the Group accelerated the layout of participating insurance products to meet customers’ differentiated savings needs. In terms of products supported by national policy, the Group enriched the supply of products such as tax-advantaged health insurance and personal pension, and promoted the policy-oriented commercial insurance to benefit more customers.Furthermore, Sunshine Life continued to strengthen the construction of “Caring Sunshine” service system. The Group improved the service design capability from the customers’ perspective, and met the core service needs of customers. Meanwhile, in terms of service management, the Group continuously improved the efficiency of customer service, for example, promoting the service mechanism of “listening to customers”, expanded and upgraded the “customer experience officer” team, and continuously improved the capability to provide straight-through services to customers.Sunshine P&C continues to deepen the research on customer needs, and is committed to establishing a convenient customer service system and practicing the service motto of “making services the reason for customers to choose Sunshine”. In terms of individual customers, the Group continued to deepen the customer-segmented differentiated business management system and continuously provided customers with a richer differentiated product portfolio and personalized service experience to further enhance customer stickiness. In the first half of 2024, the renewal rate of personal vehicle insurance customers was 64.2%, representing continuous year-on-year increase. The proportion of non-automobile insurance products purchased by individual auto insurance customers reached 55.5%, representing a year-on-year increase of 7.6 percentage points. In terms of group customers, the Group continued to promote the implementation of the “Partnership Action” risk management service. In the first half of 2024, the Group provided technology-based loss mitigation and professional risk consulting services to 8,595 corporate customers and upgraded and created a full-scale risk management service model of “insurance + technology + service” to assist customers in improving their capabilities of risk management.Actively practiced sustainable development and fully supported real economy and green transformationActively pursuing sustainable development and earnestly fulfilling social responsibilities are the core values of an enterprise and the key to its long-term development. In the first half of 2024, the Group took an active part in serving national strategies, continuously enhanced its support for the real economy in quality and efficiency, provided a total of RMB50.4 trillion of risk protection for the real economy, and offered more than RMB420 billion of financial support. Particularly, the Group provided risk protection of nearly RMB220 billion to approximately 18,000 micro and small enterprises; the Group offered agriculture risk protection of RMB35.3 billion, paid out claims of RMB150 million and benefited approximately 44,000 rural households; the Group provided risk protection of RMB60.2 billion for 331 “Belt and Road” projects, involving 67 countries in “Belt and Road” construction; the Group provided risk protection of approximately RMB32.6 billion for 406 sci-tech enterprises.In the meanwhile, the Group was contributing to the green transformation and the realisation of harmonious coexistence, and continued to enrich its green insurance product and service system. In the first half of 2024, the Group provided nearly RMB8 trillion of green insurance protection for 1.22 million enterprises and individuals and offered claims support of approximately RMB2.3 billion. The Group actively responded to climate change to enhance its climate resistance. At the same time, the Group continuously improved its sustainable investment framework and policies. As of the end of June 2024, the balance of sustainable investments nearly reached RMB55 billion, of which green investment exceeded RMB19 billion.In addition, the Group actively fulfilled its social responsibilities and participated in public the welfare. The Group gave full play to the advantages of the main business of insurance and medical resources, and actively organized and participated in various public the welfare activities in the fields of helping the student and helping the elderly. As of the end of June 2024, Sunshine Insurance built 74 “BoAi” schools in 24 provinces across the country and trained a total of 20,397 rural doctors through the “Plan to Promote Competence of 10,000 Rural Doctors”. The Group sincerely cared for employees and their families, with an accumulated amount of RMB540 million parent-supporting subsidies granted to a total of 44,182 employees.With its strong comprehensive strength and positive development momentum, on 16 August, Hang Seng Indexes Company announced its latest quarterly review results, and the Group was successfully included in the HSMSI. This change will be implemented after the market close on 6 September, 2024, and will take effect on 9 September, 2024. According to a research report by CICC, Sunshine Insurance Group is expected to be included in the Hong Kong Stock Connect due to its adherence to high standards and outstanding operating performance.Being included in the HSCI marks a significant milestone. On one hand, it represents market recognition of Sunshine Insurance’s performance and development potential, helping to enhance the Group’s visibility in the capital markets and insurance sector. On the other hand, based on its solid fundamentals, it will attract more investors to increase their allocation to the Group’s stock, thereby improving trading liquidity.In the second half of 2024, China will further deepen the reform through focusing on promoting a Chinese path to modernization and thoroughly explore domestic demand potential. Therefore, the economy is expected to show a sustained recovery and positive trend. In the long run, the general trend of long-term positive development of China’s economy has not changed, and the insurance industry is ushering in historic opportunities for high-quality development and will play an irreplaceable and important role.Looking ahead, the Group will adhere to its founding aspiration of “establishing a respected century-old enterprise” and maintain its focus on core business areas. The Group steadfastly promote the “New Sunshine Strategy”, align with national policy directions and industry development trends, and actively make efforts on the five aspects including scientific and technological finance, green finance, inclusive finance, elderly care finance and digital finance. By precisely serving national strategies, supporting the real economy, and ensuring social the well-being, the Group will efficiently leverage its professional insurance advantages. It will continuously enhance Sunshine’s core competitiveness, advance high-quality development, and achieve high-value growth, injecting wisdom and vitality into the creation of a grand blueprint for a strong financial nation and the high-quality development of the financial industry.— End —About Sunshine Insurance Group Company LimitedSunshine Insurance Group Company Limited is a fast-growing private insurance service group in China. Since its establishment, the Group has prioritized value creation as its core business, dedicated to providing clients with professional risk protection and comprehensive service solutions. The Group carries out life and health insurance business through Sunshine Life, property and casualty insurance business through Sunshine P&C, and manages insurance funds through Sunshine AMC. As of 30 June 2024, the Group has been ranked among the top 500 Chinese enterprises by the China Enterprise Confederation for 13 consecutive years, entitled as one of the “Top 500 Valuable Brands in China” by the World Brand Lab for 13 consecutive years, and is also one of the five insurance companies in China that have been recognized as the well-known trademark in China and selected by Brand Finance as one of “Top 100 Most Valuable Insurance Brands”. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Angelalign Technology Inc. Laporkan Pertumbuhan Kukuh dalam Operasi Global untuk 1H 2024

August 28, 2024
(SeaPRwire) - SHANGHAI, 27 Ogos 2024 -- Pada 22 Ogos 2024, Angelalign Technology Inc. ("Angel Aligner" atau "Syarikat") mengumumkan keputusan kewangannya untuk separuh pertama tahun 2024, menyerlahkan pengembangan global Syarikat dalam pasaran penyelarasan jelas. Syarikat melaporkan pertumbuhan yang signifikan dalam pasaran antarabangsa utama, sambil mengekalkan pertumbuhan stabil di pasaran China. Pada separuh pertama tahun 2024, Angel Aligner menyaksikan peningkatan dalam jumlah keseluruhan penghantaran kes, meningkat daripada kira-kira 95,400 kes dalam tempoh yang sama pada tahun 2023 kepada 152,900. Di China, jumlah kes mencapai 95,300, mengukuhkan kedudukan pegangan pasaran utama Angel Aligner di pasaran China. Syarikat juga melaporkan 57,600 kes di pasaran antarabangsa, menyumbang 37.7% daripada jumlah kes. Kejayaan ini didorong oleh perancangan rawatan berkualiti tinggi Angel Aligner, sokongan klinikal dan komersial yang kukuh, dan keupayaan penghantaran yang boleh dipercayai, semuanya membolehkan Syarikat mengembangkan kehadirannya ke lebih daripada 50 negara di seluruh dunia. Jumlah pendapatan Angel Aligner meningkat sebanyak 39.8% tahun ke tahun kepada kira-kira USD 121.3 juta. Pendapatan di pasaran China meningkat kepada USD 89.1 juta, manakala pendapatan di pasaran antarabangsa mencapai USD 32.1 juta, mencerminkan sumbangan yang semakin meningkat daripada operasi global. Selain itu, keuntungan kasar meningkat sebanyak 47.1% kepada USD 75.7 juta, dengan margin keuntungan kasar meningkat kepada 62.4%. Strategi pertumbuhan Angel Aligner disesuaikan dengan keperluan khusus profesional ortodontik dan pesakit di pelbagai pasaran serantau. Di Eropah, Angel Aligner memperdalam hubungannya dengan ortodontis melalui acara pengguna yang diketuai oleh Tokoh Pendapat Utama dan operasi tempatan berpusatkan pelanggan. Sebagai contoh, pada bulan Mac 2024, Syarikat mengadakan Forum Akademik Eropah Angel Aligner yang pertama di Sepanyol. Pada acara ini, Angel Aligner menjemput pakar ortodontik terkemuka untuk membincangkan aplikasi klinikal dan pembangunan teknologi penyelarasan jelas, meliputi topik seperti biomekanik, rawatan ortodontik awal, bahan dan perancangan rawatan, dan trend masa depan. Di Brazil, Angel Aligner memanfaatkan pengambilalihan Aditek dengan meningkatkan keupayaan Aditek dalam reka bentuk perubatan dan pembuatan pintar. Langkah ini memacu pertumbuhan jenama Aditek sendiri, "Self", dan meletakkan asas kukuh untuk pelancaran rasmi barisan produk Angel Aligner di Brazil. Syarikat merancang untuk menangani pelbagai keperluan pasaran Brazil melalui strategi dwi-jenama dengan "Self" dan "Angel Aligner". Di rantau Asia Pasifik, Angel Aligner selanjutnya mengembangkan kehadiran pasarannya ke negara-negara seperti Malaysia dan Thailand dengan menggabungkan pasukan perniagaan serantau dengan rangkaian pengedar tempatan. Di Amerika Utara, Angel Aligner menarik perhatian dan pengiktirafan yang signifikan pada Sesi Tahunan ke-124 Persatuan Ortodontik Amerika (AAO). Untuk meningkatkan pengalaman bagi profesional ortodontik dan pesakit di seluruh dunia, Angel Aligner telah mengekalkan komitmennya kepada inovasi digital yang berpusatkan pengguna, sentiasa mengulang platform perkhidmatan ortodontik pintar digital iOrtho dan selanjutnya meningkatkan keupayaan pembuatan hijau dan pengeluaran tanpa pekerja pintar. Pada separuh pertama tahun 2024, Syarikat melabur USD 10.5 juta dalam penyelidikan dan pembangunan, menyumbang 8.7% daripada jumlah pendapatan. Pengembangan global Angel Aligner telah disokong dengan bijaksana oleh pemegang saham mengawalnya, CareCapital, sebuah kumpulan pelaburan dan operasi penjagaan kesihatan global dengan penjagaan oral sebagai fokus utama. Pengetahuan dan pandangan mendalam CareCapital tentang industri pergigian telah membentuk strategi pelokalan Angel Aligner dan pengambilan bakat di seluruh dunia. Lebih-lebih lagi, rangkaian luas CareCapital telah memudahkan perkongsian strategik, pengambilalihan, dan pembangunan hubungan KOL, akhirnya menyumbang kepada penubuhan nama jenama yang dipercayai untuk Angel Aligner di seluruh dunia. Ketua Pegawai Eksekutif Angel Aligner, Hu Jiezhang mengulas, "Industri penyelarasan jelas global mempunyai potensi pertumbuhan yang besar. Angel Aligner akan terus meneruskan strategi dwi-enjin digitalisasi dan globalisasi, memacu inovasi dalam penyelesaian penyelarasan jelas, memajukan keupayaan digital dan pintar perisian kami, dan menegakkan standard tinggi dalam perkhidmatan perubatan ortodontik dan pembuatan peribadi berskala besar. Matlamat kami adalah untuk mewujudkan pengalaman pengguna yang unggul dan memberikan perkhidmatan yang lebih baik kepada profesional Ortodontik dan pesakit di seluruh dunia." Syarikat: ANGELALIGN TECHNOLOGY INC.Orang Yang Berhubung: Lexie HuangJawatan: Pengurus PREmel: pr@angelalign.comLaman Web: http://www.angelalign.com/Telefon: +862156561919Bandar: ShanghaiAlamat: Tingkat 7, Bangunan 7, Pusat Qiye, No. 500 Jalan Zhengli, Daerah Yangpu, Shanghai, ChinaArtikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Fujitsu and Osaka University accelerate progress toward practical quantum computing by significantly increasing computing scale through error impact reduction in quantum computing architecture

Fujitsu and Osaka University accelerate progress toward practical quantum computing by significantly increasing computing scale through error impact reduction in quantum computing architecture

August 28, 2024
Kawasaki and Osaka, Aug 28, 2024 - (JCN Newswire via SeaPRwire.com) - Fujitsu Limited and the Center for Quantum Information and Quantum Biology at Osaka University (QIQB) today announced the joint development of two new technologies for the space-time efficient analog rotation quantum computing architecture (1) that will accelerate the realization of practical quantum computing.Fujitsu and QIQB have leveraged these new technologies, one that improves phase angle accuracy during phase rotation (2) and one that automatically generates efficient qubit operation procedures, to show that it is theoretically possible for a quantum computer to perform a calculation that would take a classical computer five years, in only ten hours. The two organizations found that the calculation, a material energy estimate, would be possible using only 60,000 qubits, significantly less than the amount typically thought to be required (3) for fault-tolerant quantum computation (FTQC) (4) to surpass the calculation speed of classical computers.These results demonstrate for the first time how quantum advantage, i.e., quantum computers being able to solve problems faster than current classical computers, can be achieved in the early-FTQC era (5), which is expected to arrive around 2030. Quantum computing is expected to accelerate technological innovations in various fields, including enabling a larger-scale analysis of the Hubbard model (6) for developing high temperature superconductors (7), which may improve the efficiency of electrical infrastructure, as well as lead to innovations in material development and drug discovery.The generation of efficient qubit operation procedures was achieved through the development of a quantum circuit generator. This system introduces a streamlined the process for converting logic gates, which are the fundamental operations of quantum computing, into physical gates, which operate the qubits. The system is also equipped with acceleration technology that minimizes computing time by dynamically changing the operational procedures of the qubits.The two organizations initially announced the quantum computing architecture on March 23, 2023 (8), but there were obstacles to practical applications including insufficient accuracy in phase rotation and the lack of an established physical gating procedure, a method of operating qubits suitable for specific calculation problems. These new technologies address these obstacles.Through their continued joint quantum computing initiatives, Fujitsu and QIQB aim to contribute to solving societal issues, addressing decarbonization and reducing the cost of new material development.AcknowledgementsThis research was supported by the following grants: Japan Science and Technology Agency (JST); the Program on Open Innovation Platforms for Industry-academia Co-creation (COI-NEXT), "Quantum Software Research Hub" (JPMJPF2014); JST Moonshot Goal 6 "Realization of a fault-tolerant universal quantum computer that will revolutionize economy, industry, and security by 2050", R&D project "Research and Development of Theory and Software for Fault-tolerant Quantum Computers" (JPMJMS2061); and Japanese Ministry of Education, Culture, Sports, Science and Technology’s Quantum Leap Flagship Program (MEXT Q-LEAP) "Development of quantum software by intelligent quantum system design and its applications" (JPMXS0120319794).[1] Space-time efficient analog rotation quantum computing architecture :A quantum computing architecture that can significantly reduce the number of physical qubits needed for arbitrary phase rotation, An essential step in achieving practical quantum computing.[2] Phase rotation :An operation in which the arbitrary phase angle of a qubit rotates. An essential element in unlocking the true power of quantum computing.[3] One million qubits :The estimated number of qubits required to solve the FeMoco (enzyme active center) energy estimation problem with an error rate of 0.1% (source cited: Reiher, et. al., PNAS, 114 (29) 7555-7560 (2017)).[4] Fault-tolerant quantum computation (FTQC) :Fault-tolerant quantum computation achieved through the correction of quantum errors.[5] Early-FTQC era :An era in which quantum computers work with only a maximum of 100,000 physical qubits and FTQC is considered to be impossible to achieve.[6] Hubbard model :A theoretical model for calculating material properties. It is used to describe strongly correlated electron systems, including in high-temperature superconductivity.[7] High temperature superconductor :A material that exhibits a phenomenon which causes it to have zero electrical resistance when it reaches a temperature above the boiling point of liquid nitrogen.[8] Fujitsu and Osaka University develop new quantum computing architecture, accelerating progress toward practical application of quantum computerAbout the Center for Quantum Information and Quantum Biology at Osaka UniversityThe Center for Quantum Information and Quantum Biology consists of six research groups: Quantum Computing, Transdisciplinary Quantum Science, Quantum Information Devices, Quantum Communication and Security, Quantum Sensing, and Quantum Biology. QIQB promotes transdisciplinary research between each of these research groups and with other academic fields. The Center is an international research hub for quantum innovation by actively promoting international academic exchange and collaboration across borders. QIQB seeks to play a key role in nurturing future quantum leaders and specialists through education and training. For more information: https://qiqb.osaka-u.ac.jp/en/.About FujitsuFujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.About Osaka UniversityOsaka University was founded in 1931 as one of Japan’s imperial universities through strong demand from political and business circles in Osaka, as well as the people of Osaka City and Prefecture. The spiritual roots of Osaka University can be found in Kaitokudo and Tekijuku, educational institutions of the Edo period. After its merger with Osaka University of Foreign Studies in 2007, Osaka University became a comprehensive university with its own School of Foreign Studies. Boasting 11 undergraduate schools, 15 graduate schools, and 6 affiliated research institutes excelling in the fields of the humanities and social sciences, medicine, dentistry, pharmacy, science, and engineering, Osaka University is one of Japan’s premier comprehensive research universities.Osaka University will celebrate the 100th anniversary of its founding in 2031. We will contribute to the creation of a society where each member feels worth living through co-creation with diverse stakeholders to solve local and global challenges in accordance with the university's motto of “Live Locally, Grow Globally.”Press ContactsFujitsu LimitedPublic and Investor Relations DivisionInquiriesCenter for Quantum Information and Quantum Biology at Osaka UniversityQuantum Software Research HubE-mail: coi-next@qiqb.osaka-u.ac.jp Copyright 2024 JCN Newswire via SeaPRwire.com.
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HKIoD Recommends Board Readiness Training for First-time Directors Before Appointment

HKIoD Recommends Board Readiness Training for First-time Directors Before Appointment

August 28, 2024
HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Institute of Directors (“HKIoD”) welcomes(1) The Hong Kong Exchanges and Clearing Limited ("the Exchange")'s proposal to mandate directorship training for first-time directors and require all directors to undergo continuing professional development (“CPD”) training. To further uphold corporate governance standards and director professionalism, HKIoD thinks the Exchange can go further.Dr Christopher To, Chairman of HKIoD, said, “HKIoD welcomes the Exchange’s latest regular exercise to review and update the Corporate Governance Code and related Listing Rules. Although we do not agree with every element of the Exchange’s proposals, we certainly support the notion of making continuing professional development mandatory for all directors.”According to HKIoD, to make true the purpose and effect of continuing training, a board should have a suitable professional development policy for its directors. Continuing training is important for directors to keep up, but it must be distinguished from initial training. For those who do not have directorship training nor experience whatsoever, undergoing initial training on effective directorship and corporate governance is prudent. First-time directorship training should be a prerequisite prior to the director coming on board, however. “The Exchange should go further by encouraging individuals to have become ready for a board seat prior to appointment, rather than to start acquainting themselves with the demands of directorship post-appointment.” Dr To commented.Dr Carlye Tsui, CEO of HKIoD, supplemented, “We believe all company directors, when they first assume their posts, should have a firm grounding of the skills, knowledge and qualities required to meet the corporate governance demands of today. HKIoD long advocates the importance of corporate governance training, and we want to emphasise that proper initial training for first-time directors is one key aspect of the total quality of corporate governance training.”The Institute believes that attaining HKIoD Diploma level credential (or higher) should qualify as initial training now proposed for First-time Directors by the Exchange. The Institute also recommends transition course(s) for credentialed/experienced directors from other markets to help them become familiar with the Hong Kong market. HKIoD will gladly work with the Exchange to design and offer such programmes, and an accreditation regime for directorship training in Hong Kong.On proposals around time commitment and tenure of Independent Non-Executive Director (“INED”), Mr Henry Lai, Past Chairman of HKIoD and current Chairman of the Institute’s Corporate Governance Policies Committee, said, “The emphasis should be on whether the INED and the issuers involved have made an honest assessment as to the ability to devote sufficient time, not a broad-brush requirement on the director to limit the number of INED positions one may hold. Particularly, we do not agree with the Exchange’s proposal which only seeks to limit INED positions one may hold among Hong Kong issuers.” As to the question of how long is too long for an INED, Mr Lai added, “the answer ought to be ‘it depends’. It is the independence of mind that matters, not tenure.”The Exchange would also want issuers without an independent board chair to designate a Lead INED. Due to the many constraints and practical realities now exist in the Hong Kong market, HKIoD believes there are alternatives that can be more effective. “We do not tend to have majority INED in our market. The Lead INED will be chosen from a small group anyway. We should rather empower and encourage all INEDs to collectively perform, to bring the results that are sought under the Lead INED concept. Meetings with shareholders and stakeholders can be set up for all INEDs to take part. There can be an INED report section in the annual report,” Mr Lai commented. “Maybe we should encourage more issuers to have an independent board chair. An independent board chair working together with all the other INEDs can be more helpful,” Mr Lai continued.HKIoD has early on advocated the benefit of moving towards a majority INED, which can make INEDs collectively better able to perform their director roles. With INEDs comprising the majority, their active involvement in board matters becomes more necessary and their time commitment more valued. It should also allow much more room for meaningful rotation and refreshment through careful succession planning.Apart from the above, the Institute expressed support for many changes proposed by the Exchange including mandating board performance review, maintaining a board skills matrix, mandating the annual reviews of the effectiveness of the issuer’s risk management and internal control systems, disclosure of the issuer’s policy on payment of dividends and the board’s dividend decisions, and disclosures in respect of issuers’ modified auditors’ opinion. (1)The full response: HKIoD Response to HKEX ConsultationAbout The Hong Kong Institute of Directors (“HKIoD”)The Hong Kong Institute of Directors (“HKIoD”) is Hong Kong’s premier body representing directors working together to advance corporate sustainability in creating long-term value for companies, their owners, stakeholders, humankind and Planet Earth through advocacy and standards-setting in corporate governance and director professionalism. Led by Founder Chairman Dr The Hon Moses Cheng, HKIoD was founded in 1997. Throughout the years, HKIoD is honoured to have the Chief Executive of HKSAR as the Institute’s Patron. Membership of HKIoD comprises of directors from diverse industries and corporate types and includes Executive Directors, Non-Executive Directors and Independent Non-Executive Directors. With multi-culturalism and international perspectives, HKIoD organises activities that cover director training, seminars and forums, collective director voice, guideline establishment, public education, Award Series for Director Excellence, assessment of Corporate Governance Scorecard for listed companies etc. As a member body of the Global Network of Director Institutes (“GNDI”), HKIoD is committed to global collaboration in promoting good corporate governance and director professionalism. HKIoD is the appointed Host of the Hong Kong Chapter of Climate Governance Initiative, a global network that collaborates with the World Economic Forum in actively promoting directors’ address of the risks and opportunities of climate change.For details please visit: http://www.hkiod.com | http://www.gndi.org | https://climate-governance.org/Media Enquiries: Strategic Public Relations GroupBrenda Chan+852 2114 4396 / brenda.chan@sprg.com.hkThe Hong Kong Institute of DirectorsWing Wong+852 2889 1414 / wing.wong@hkiod.com– End – Copyright 2024 ACN Newswire via SeaPRwire.com.
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TRST01 Signs Landmark Memorandum of Understanding Agreement with Rubber Board of India for Centralised Compliance Solution for EUDR

TRST01 Signs Landmark Memorandum of Understanding Agreement with Rubber Board of India for Centralised Compliance Solution for EUDR

August 28, 2024
SINGAPORE, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - TRST01, a sustainable tech company that helps businesses meet global sustainability rules while making their supply chains more transparent, trustworthy, and ethical, announces a groundbreaking Memorandum of Understanding (MoU) agreement with the Rubber Board of India to develop and implement a centralised compliance solution for the European Union Deforestation Regulation (EUDR). Through this strategic partnership, TRST01 becomes the first private entity in the world to enter into an MoU with a public entity for a one-stop compliance solution, setting a new standard in public-private partnerships.The MoU underscores the trust and confidence that the Rubber Board of India has in TRST01 as a key player in the sustainable technology space. While other entites have entered into contract-based agreements, this MoU represents a deeper, more integrated collaboration that is poised to revolutionise compliance processes for the Indian rubber industry.TRST01 and the Rubber Board of India will collaborate on geo-mapping rubber-growing land plots to ensure deforestation-free sourcing and responsible practices. This partnership will also develop a Centralized Database to enhance traceability, risk assessment, and compliance with European Union Deforestation Regulations (EUDR) in the rubber industry, with TRST01 as the technology partner. Ultimately, the MoU will help strengthen India's regulatory framework and position India as a global leader in sustainable rubber production.Speaking on the strategic agreement with TRST01, Mr. M. Vasanthagesan IRS, CEO and Executive Director of The Rubber Board, said, "This collaboration with TRST01 is a testament to our dedication to supporting the rubber sector. The initiatives outlined in this MoU will facilitate the exporters to comply with EUDR and make Indian rubber growers globally competitive and get wider opportunities for their produce.""This joint venture is a testament to our commitment to driving sustainability and compliance in the rubber industry," remarked Prabir Mishra, CEO and founder of TRST01. "It is a great honour to partner with the Rubber Board of India as this initiative can serve as a model for other industries and regions.For TRST01, the MoU will demonstrate how public-private partnerships can drive innovation in sustainability. The collaboration represents a shared vision for a sustainable future. It will significantly benefit Indian rubber producers, highlighting how TRST01 can help producers achieve global compliance standards in sustainability.About TRST01TRST01 provides cutting-edge technology solutions that ensure supply chain traceability, accurate ESG reporting, digital measurement of sustainability impacts, and the secure management of carbon credits. TRST01 stands out for its simplicity, adaptability, and focus on creating tangible impacts on sustainability, making it accessible and effective for many users, from smallholder farmers to multinational corporations. It is also at the forefront of the regenerative finance movement, creating financial tools that promote practices that restore rather than deplete the earth's resources.TRST01's approach fundamentally transforms how businesses view sustainability by creating a direct and tangible impact on People, Planet, and Profitability. Our innovations are not just about compliance; they make a sustainable ecosystem where every participant benefits. Visit trst01.com to learn more.About Rubber Board IndiaThe Rubber Board of India, headquartered in Kottayam, Kerala, is a statutory body under the Ministry of Commerce and Industry, Government of India. Established in 1947, it plays a pivotal role in the development of the rubber industry in India. The Board's responsibilities encompass research, development, and extension activities related to natural rubber cultivation, production, and processing. It also regulates the marketing of rubber and ensures fair prices for both growers and consumers. Through its various initiatives, the Rubber Board strives to enhance the productivity and sustainability of the rubber industry in India, thereby contributing to the economic growth of the country.Media Contact:Sheree TanSenior AssociatePINPOINT PR Pte. Ltd.sheree@pinpointpr.sg | pinpointpr.sgSG: +65 8313 9472Hakim IshakAssociatePINPOINT PR Pte. Ltd.hakim@pinpointpr.global | pinpointpr.sgSG: +65 8949 3040 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Cisgenics Brings Next-Generation Irrigation Technology to Australia

Cisgenics Brings Next-Generation Irrigation Technology to Australia

August 28, 2024
SYDNEY, AU, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Cisgenics, a pioneer of world-class sustainable irrigation solutions, has entered the Australian market, introducing their next-generation irrigation solutions which hold the potential to shape the future of water management in Australia. The company is opening its first office in Adelaide and undertaken a number of significant projects including a world-class sporting venue and various projects for the City of West Torrens in South Australia. These projects address urban green space management and water optimisation to maintain lush, inviting landscapes while adhering to strict water conservation mandates.Australia faces pressing challenges such as water overconsumption, frequent droughts, and the resulting heightened risk of fires, all of which threaten the sustainability of agricultural practices, urban green spaces, and notable landmarks. Cisgenic’s flagship solution, CisgenX, derived from over 45 years of experience in irrigation experience across more than 1,000 projects, can help overcome some of these issues. A proven solution, CisgenX will be deployed at some of the world’s most recognisable and photographed locations including, Bay East Gardens, and the Founders Memorial at Singapore's Gardens by the Bay, along with the Nad Al Sheba Road in the UAE."We see a significant market for CisgenX in Australia, where water conservation and droughts are critical concerns,” says Sam Rebera, Managing Director of Cisgenics. "To help local businesses and communities meet their sustainability goals, we are striving to earn the Smart Approved Watermark, which we believe will establish CisgenX as Australia’s leading sustainable irrigation solution. To support this goal and manage the projects we've secured, we are in the process of opening an office in Adelaide."Cisgenics designs solutions to meet the unique needs of various industries, from golf courses and landscapes to agribusiness. Their precision irrigation systems enhance turf health, create water-efficient green spaces in both urban and rural areas, and boost crop yields. CisgenX, utilises advanced IoT (Internet of Things) technology and machine learning algorithms to optimise water, fertiliser, and energy use. This state-of-the-art solution helps optimise water usage and manage plant health.The integration of technologies in the CisgenX solution enables precision irrigation, where machine learning algorithms will work alongside weather data to predict water needs with pinpoint accuracy, significantly reducing water waste. The platform’s advanced sensors and real-time monitoring optimise resource use, saving money, conserving water, and ensuring plant health. Internal studies have shown that CisgenX can cut water consumption by up to 40%, and in some cases, by as much as 70% on traditional methods of irrigation. These significant reductions help clients meet their ESG goals while providing real-time data through IoT sensors that monitor soil moisture and other critical factors."Through our advanced irrigation solutions, we are not only addressing immediate concerns like water scarcity and fire risk but also contributing to a sustainable future for Australia," added Rebera. "Our goal is to support the country’s efforts to manage its natural resources responsibly while ensuring that essential green spaces thrive.”Cisgenics will be showcasing these products and more at the upcoming Irrigation Conference 2024 in Sydney from 2-4 September. Attendees are invited to visit Booth 88 to learn how their solutions can transform irrigation practices in Australia and beyond.About CisgenicsCisgenics is dedicated to revolutionising the irrigation industry through innovative, AI-powered solutions that optimise water and energy use, promote sustainability, and ensure the health and longevity of green assets worldwide. With more than 45 years of experience, Cisgenics combines deep industry knowledge with the latest technological advancements to offer precision, efficiency, and sustainability in water management. Visit cisgenics.com for more information.For more information, please contact:Illka GobiusManaging DirectorPINPOINT PR Pte. Ltd.Email: illka@pinpointpr.globalPhone: (AU) 0429 396 275 or (SG) +65 9769 8370 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Pentagon Tolak Permintaan Senjata Terkini Zelensky

Pentagon Tolak Permintaan Senjata Terkini Zelensky

August 28, 2024
(SeaPRwire) - Ketua negara Ukraine sekali lagi menuntut penggunaan tanpa batasan bagi peluru berpandu yang dibekalkan AS. Dasar Washington mengenai penggunaan senjata Amerika oleh Kiev terhadap Rusia kekal tidak berubah, menurut Jabatan Pertahanan AS. Ketua negara Ukraine, Vladimir Zelensky telah mengulangi permintaannya agar semua sekatan terhadap peralatan Barat dihapuskan. Sekatan ini dikenakan untuk membolehkan AS dan sekutunya mendakwa mereka tidak terlibat secara langsung dalam konflik tersebut, walaupun telah menghantar berbilion dolar bantuan senjata, peluru, peralatan dan wang tunai kepada Kiev. “Dasar kami tidak berubah,” kata Jurucakap Pentagon, Mejar Jeneral Patrick Ryder pada hari Selasa, menjelaskan bahawa Ukraine dibenarkan menggunakan senjata yang dibekalkan AS untuk mempertahankan diri daripada serangan rentas sempadan tetapi bukan untuk “serangan mendalam” ke dalam wilayah Rusia. Jurucakap Majlis Keselamatan Negara, John Kirby memberitahu wartawan pada hari Isnin bahawa tidak ada “perubahan” dalam dasar mengenai sekatan tersebut. AS telah meringankan dasar awalnya yang hanya membenarkan Kiev menyerang wilayah Rusia yang dituntut oleh Ukraine - dari Crimea ke Zaporozhye, Kherson, dan Republik Rakyat Donetsk dan Lugansk. Zelensky mendakwa sekatan ini menghalang tenteranya daripada menentang operasi Rusia di utara Kharkov pada bulan Mei dan menuntut agar semua sekatan ini dihapuskan. Washington memberi respons dengan membenarkan “balasan tembakan” terhadap pasukan Rusia di seberang sempadan. Dalam praktiknya, pasukan Ukraine telah menggunakan pelancar roket HIMARS yang disediakan AS untuk menyerang bandar, jambatan dan jalan raya. “Tidak seharusnya ada sekatan terhadap jarak senjata untuk Ukraine,” kata Zelensky pada hari Isnin. “Mereka yang mempertahankan nyawa tidak seharusnya menghadapi sekatan terhadap senjata.” Ketua kakitangannya, Andrey Yermak dan Menteri Pertahanan Rustem Umerov dijadualkan melawat Washington minggu ini dan mengemukakan senarai sasaran yang ingin diserang oleh Kiev, lapor Politico pada hari Isnin, memetik sumber tanpa nama. Yermak adalah dalang di sebalik permintaan untuk meringankan sekatan pada bulan Mei. China, Brazil, Afrika Selatan dan Indonesia “bimbang bahawa Barat akan terus meringankan syarat untuk menggunakan senjata yang dibekalkan untuk menyerang tanah air Rusia,” kata wakil khas Beijing untuk hal ehwal Eurasia, Li Hui, pada hari Selasa. Kerajaan AS semasa menetapkan garis sempadan bagi serangan mendalam ke dalam Rusia selepas salah satu roket ATACMS yang dilengkapi dengan kepala peledak kelompok miliknya menyerang pantai Crimea pada awal Jun. Moscow menyalahkan Washington atas pembantaian itu dan mengancam untuk mempersenjatai “negara dan entiti” di seluruh dunia yang bermusuhan dengan AS sebagai tindak balas.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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HashBeaver melancarkan perkhidmatan perlombongan awan global dan perisian pengurusan pelombong, membentuk semula landskap pelaburan aset digital

HashBeaver melancarkan perkhidmatan perlombongan awan global dan perisian pengurusan pelombong, membentuk semula landskap pelaburan aset digital

August 28, 2024
(SeaPRwire) - Singapura, 27 Ogos 2024 -- Penyedia perkhidmatan kuasa pengkomputeran global telah mengumumkan pelancaran perkhidmatan perlombongan awan dan perisian pengurusan perlombongan baharu, menandakan langkah maju yang signifikan dalam inovasi dan pengembangannya dalam sektor pengurusan dan pelaburan aset digital. Sebagai perintis dalam ruang aset digital, telah muncul dengan cepat sebagai peneraju global dalam perlombongan awan dan perkhidmatan kewangan mata wang kripto. Memanfaatkan kepakaran kolektif dan modal gergasi industri, HashBeaver telah memperoleh pelaburan strategik daripada MinerVa Semiconductor, pengeluar utama perkakasan perlombongan mata wang kripto, memberikan asas kukuh untuk inovasi dan pertumbuhan yang berterusan. Selain itu, HashBeaver telah melaporkan pencapaian penting, termasuk pengurusan 9.6 EH/s* kuasa pengkomputeran, penubuhan 5 kemudahan perlombongan global, dan penyelesaian 290 MW kapasiti. Menjelang akhir 2024, kapasiti keseluruhan dijangka mencecah 425 MW. Perkhidmatan perlombongan awan HashBeaver bertujuan untuk mempermudah proses perlombongan mata wang kripto dengan menawarkan perkhidmatan perdagangan kuasa pengkomputeran yang mudah dan sokongan kewangan yang berkaitan, membolehkan pengguna memaksimumkan pulangan mereka. Pengguna tidak perlu membeli mesin perlombongan atau menghadapi kerumitan prosedur perlombongan. Platform ini menyediakan penyelesaian kuasa yang stabil dan kos rendah, secara berkesan menangani cabaran penempatan hos elektrik. Untuk meningkatkan pengalaman pengguna, HashBeaver telah memperkenalkan perisian pengurusan perlombongan profesional. Perisian ini mempunyai sistem kawalan komprehensif yang membolehkan pengurusan berkesan rangkaian kemudahan perlombongan di seluruh dunia. Dengan perisian ini, pelabur institusi dan peminat aset digital boleh menguruskan operasi perlombongan mereka dengan lebih cekap. Komited untuk membina infrastruktur blockchain yang selamat, patuh dan telus, HashBeaver bukan sahaja menyesuaikan penyelesaian perkhidmatan kuasa pengkomputeran yang pelbagai, stabil dan bijak untuk pelanggan global tetapi juga berusaha untuk mewujudkan platform pengurusan dan pelaburan aset digital yang komprehensif. Menggunakan teknologi keselamatan terkemuka dalam industri, termasuk protokol pelbagai tandatangan, penyimpanan sejuk dan sistem firewall canggih, HashBeaver menyediakan pengguna dengan persekitaran yang selamat dan boleh dipercayai untuk pengurusan aset digital. Mengapa Memilih ? 1. Keselamatan dan Kebolehpercayaan HashBeaver menggunakan teknologi keselamatan canggih, termasuk protokol pelbagai tandatangan, penyimpanan sejuk, dan firewall canggih, memastikan aset pengguna sentiasa dilindungi dalam persekitaran yang paling selamat. 2. Pengalaman Mesra Pengguna HashBeaver mempunyai antara muka pengguna teratas yang direka untuk pelabur berpengalaman dan pendatang baru kepada mata wang digital. Dengan panduan intuitif dan sokongan pelanggan 24/7, HashBeaver memastikan setiap langkah dalam proses berjalan lancar dan tanpa masalah. 3. Pilihan Pelaburan Pelbagai HashBeaver menawarkan pelbagai pilihan pelaburan mata wang digital, termasuk mata wang kripto utama seperti Bitcoin, Litecoin, dan KASPA, serta aset digital baharu yang menjanjikan. HashBeaver juga menyediakan akses kepada penasihat kewangan profesional yang boleh menyesuaikan strategi pelaburan optimum untuk pengguna. 4. Pengalaman Perdagangan yang Cekap Dengan HashBeaver, pengguna boleh menikmati perkhidmatan perdagangan mata wang digital yang pantas dan selamat. Enjin pemadanan prestasi tinggi HashBeaver memastikan setiap transaksi diselesaikan dengan cepat, menawarkan pengguna pengalaman perdagangan terbaik yang mungkin. 5. Pendidikan dan Komuniti HashBeaver bukan sekadar platform kewangan; ia juga merupakan hab untuk pengetahuan mata wang digital. HashBeaver menawarkan pelbagai sumber pembelajaran dan sokongan komuniti, membolehkan pengguna sentiasa mengetahui tentang trend pasaran terkini dan perkembangan teknologi sambil berkembang bersama rangkaian pelabur global. Menjelang Masa Depan HashBeaver lebih daripada sekadar platform kewangan; ia adalah komuniti yang menggalakkan penyebaran pengetahuan tentang mata wang digital. Dengan menyediakan sumber pembelajaran yang banyak dan sokongan komuniti pelabur global, HashBeaver membantu pengguna sentiasa mengetahui tentang dinamika pasaran terkini dan trend teknologi. Dengan rangkaian kemudahan perlombongan global yang sentiasa berkembang dan kerjasama mendalam dengan rakan kongsi strategik, HashBeaver membuka jalan bagi pelabur institusi dan peminat aset digital untuk mengumpulkan kekayaan digital dengan cekap dan selamat. Melalui modelnya yang inovatif, HashBeaver secara berkesan mengurangkan risiko yang berkaitan dengan turun naik harga aset digital yang tidak menentu. Pada masa yang sama, ia mempromosikan integrasi menegak industri perlombongan aset digital global, membawa sektor ini menuju masa depan yang lebih cekap dan lestari. Penafian: Maklumat yang diberikan dalam siaran akhbar ini bukanlah suatu permintaan untuk pelaburan, dan ia tidak bertujuan sebagai nasihat pelaburan, nasihat kewangan, atau nasihat perdagangan. Anda dinasihatkan untuk melakukan penyelidikan wajar, termasuk berunding dengan penasihat kewangan profesional, sebelum melabur atau berdagang dalam mata wang kripto dan sekuriti.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain. HUBUNGI: James Evan Hash Beaver support-at-hashbeaver.com
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Black Spade Acquisition II Co Announces Pricing Of $150 Million Initial Public Offering

Black Spade Acquisition II Co Announces Pricing Of $150 Million Initial Public Offering

August 28, 2024
HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Black Spade Acquisition II Co (the “Company”), a special purpose acquisition company (“SPAC”) sponsored by an affiliate of Black Spade Capital Limited, announced today the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “BSIIU” on August 28, 2024.Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected be listed on Nasdaq under the ticker symbols “BSII” and “BSIIW”, respectively. The offering is expected to close on August 29, 2024, subject to customary closing conditions.The Company’s management team is led by Dennis Tam, Executive Chairman & Co-CEO, Kester Ng, Co-CEO & CFO and Richard Taylor, Co-CEO & COO, each of who served as executive director of or advisor to Black Spade Acquisition Co (“BSAQ”), a SPAC also sponsored by an affiliate of Black Spade Capital Limited. BSAQ completed its $169 million initial public offering in August 2021. In August 2023, BSAQ completed a $23 billion business combination with VinFast, a leading Vietnamese automaker and the first Vietnamese business to list in the U.S. by way of a business combination. Clear Street and Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, are acting as joint book-running managers. Latham & Watkins LLP is serving as legal counsel to the Company. Loeb & Loeb LLP is serving as legal counsel to the underwriters.The public offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, by email at ecm@clearstreet.io, or from the SEC website at www.sec.gov.A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on August 23, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.(from the left) Kester Ng, Co-CEO and CFO, Dennis Tam, Chairman and Co-CEO,Richard Taylor, Co-CEO and COO– End –About Black Spade Acquisition II CoBlack Spade Acquisition II Co is the second SPAC of its founder, Black Spade Capital and its management team incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets. While the Company may pursue an acquisition or a business combination with a target in any business or industry, it believes that the entertainment, lifestyle and technology industries, particularly those that are major beneficiaries of artificial intelligence (“AI”), provide ample business combination opportunities.Forward-Looking StatementsThis press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering, the anticipated use of the net proceeds, and the search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated.Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's initial public offering filed with the SEC. Copies of these documents are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.Investor Contact:IR@blackspadeacquisitionii.comMedia Enquiries:Strategic Financial Relations Limited Vicky LeeTel: +852 2864 4834Email: vicky.lee@sprg.com.hkLilia YangTel: +852 2864 4833Email: lilia.yang@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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MClean Technologies Reports Strong 177% Growth in Profit Before Tax for Q2 FY2024

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

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

Durov enggan serahkan rahsia kepada Barat – ketua perisik Rusia

August 28, 2024
(SeaPRwire) - Ketua Pegawai Eksekutif Telegram telah ditangkap di Perancis sebagai sebahagian daripada siasatan mengenai penglibatannya dalam aktiviti jenayah di platform tersebut Barat sangat tidak mungkin untuk mendapatkan sebarang data sensitif mengenai Rusia daripada Ketua Pegawai Eksekutif Telegram, Pavel Durov, yang telah ditangkap oleh pihak berkuasa Perancis minggu lalu, menurut Sergey Naryshkin, ketua Perkhidmatan Perisikan Luar Negeri (SVR). Ditanya dalam temu bual dengan TASS pada hari Selasa sama ada Moscow bimbang tentang Durov menyerahkan sebarang rahsia kepada Barat, ketua perisikan Rusia itu menolak tanggapan itu. “Saya benar-benar berharap bahawa dia tidak akan membenarkan ini,” kata Naryshkin. Ketua Pegawai Eksekutif Telegram itu ditangkap di sebuah lapangan terbang di Paris selepas tiba dengan pesawat peribadi dari Azerbaijan pada hari Sabtu. Menurut pendakwa Perancis, Durov, yang merupakan warganegara Perancis, Rusia, EAU, dan Saint Kitts dan Nevis, telah ditahan sebagai sebahagian daripada siasatan yang lebih luas yang menyiasat pornografi kanak-kanak, penjualan dadah, penipuan, dan aktiviti jenayah lain di platform tersebut. Durov juga disiasat kerana didakwa enggan bekerjasama dengan penguatkuasaan undang-undang yang menyiasat jenayah siber dan kewangan. Telegram telah menolak tuduhan yang berpotensi, dengan mengatakan bahawa ia “tidak masuk akal untuk mendakwa bahawa sebuah platform atau pemiliknya bertanggungjawab terhadap penyalahgunaan platform tersebut.” Sementara itu, banyak pemimpin pendapat di seluruh dunia telah mentafsirkan penangkapan tersebut sebagai tindakan keras terhadap kebebasan bersuara, dengan spekulasi bahawa Amerika Syarikat akhirnya berada di belakang penahanan tersebut. Menteri Luar Negeri Rusia, Sergey Lavrov, mencadangkan bahawa penangkapan itu telah dibuat “jelas atas nasihat seseorang,” dan menambah bahawa orang-orang di belakang keputusan itu berharap untuk mendapatkan kod enkripsi Telegram. “Tindakan Perancis telah membuktikan bahawa Telegram memang rangkaian yang tahan lasak dan popular,” katanya. Sementara itu, jurucakap Kremlin, Dmitry Peskov, menolak sebagai “kebodohan mutlak” idea bahawa pengguna Telegram perlu memadamkan suapan mesej mereka di platform tersebut berikutan penangkapan Durov, dan menambah bahawa pegawai kanan kerajaan Rusia tidak menggunakan rangkaian tersebut untuk tujuan kerja. Presiden Perancis, Emmanuel Macron, telah menegaskan bahawa penangkapan Durov “bukanlah keputusan politik,” dan menyatakan bahawa negaranya tetap komited kepada prinsip kebebasan bersuara. Walau bagaimanapun, Peskov mencadangkan bahawa siasatan itu boleh menjadi politik selepas semua. Sebarang tuduhan terhadap Durov “memerlukan… asas bukti yang serius,” katanya. “Jika tidak, ia akan menjadi percubaan langsung untuk menyekat kebebasan komunikasi dan, seseorang boleh mengatakan, untuk menakutkan secara langsung ketua sebuah syarikat besar.”Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Everbright Grand China Announces 2024 Interim Results

August 28, 2024
HONG KONG, Aug 27, 2024 - (ACN Newswire via SeaPRwire.com) - Everbright Grand China Assets Limited ("Everbright Grand China" or the "Group"; HKEX stock code: 03699.HK), a subsidiary of China Everbright Group, principally engaged in the businesses of property leasing, property management and the sales of properties held for sale, announced its interim results for the six months ended 30 June 2024 ("Reporting Period").During the Reporting Period, the Group's revenue amounted to approximately RMB23.9 million, representing an increase of approximately RMB1.8 million as compared to the same period of last year (2023: RMB22.1 million). The increase in revenue was mainly attributable to the increase in revenue from management services. Profit attributable to equity shareholders of the Company amounted to approximately RMB11.4 million (2023: RMB13.3 million), representing a decrease of approximately RMB1.9 million as compared to the same period of last year, which was attributable to the decrease in valuation gains on investment properties. Basic earnings per share was approximately RMB0.03 (2023: RMB0.03). Considering that the current operating environment remains relatively challenging, the Board declared an interim dividend of RMB0.78 cents (equivalent to HK$0.85 cents) (2023: RMB1.06 cents (equivalent to HK$1.16 cents)) per ordinary share for the six months ended 30 June 2024 as a token of appreciation to shareholders for their continuous support. In the second half of the year, the Company will decide on dividend distribution taking into account factors such as business development needs, financial performance and capital position, as well as performance growth, in order to bring the best return to the Company's shareholders and investors.In 2024, following two consecutive years of slowdown, the global economy is in the process of returning to a "normal" state, although growth remains relatively subdued with weakening momentum. Challenges such as interest rate hikes in Europe and the United States, decreasing inflation, and geopolitical risks have added uncertainties to the outlook for recovery. Despite this, the Chinese economy began the year positively in the first half of 2024. While growth momentum has softened, economic operations have remained relatively stable, showing signs of gradual improvement. The Group primarily manages commercial properties and has been attentively monitoring market developments and actively deploying strategies to carefully assess market conditions, adjust rental rates reasonably and seize opportunities to develop new tenants.Property LeasingThe continued recovery in consumer spending is set to become the core driver of economic growth in China in 2024, boosting demand for leasing in the commercial property sector. During the Reporting Period, rental income amounted to approximately RMB16.3 million (2023: RMB16.2 million), representing an increase of approximately RMB0.1 million as compared to the same period of last year. During the period, the average occupancy rate of the properties was approximately 77% (2023: 73%).Property Management ServiceFollowing unprecedented economic challenges, the development strategy of property management enterprises has undergone a significant transformation. Their strategic direction has become more prudent, shifting away from blind pursuit of scale expansion. The Group emphasizes the refinement and enhancement of service quality while adopting a "stabilize before expand" approach, aiming to maintain stable cash flow and business growth. During the Reporting Period, revenue from property management services amounted to approximately RMB7.6 million (2023: RMB5.9 million), representing an increase of approximately RMB1.7 million as compared to the same period of last year, which was mainly attributable to the increase in revenue from value-added management services.Investment PropertiesAs at 30 June 2024, the fair value of investment properties amounted to RMB962.3 million (31 December 2023: RMB959.5 million). The valuation gain on investment properties for the six months ended 30 June 2024 amounted to RMB1.0 million (2023: RMB5.4 million), representing a decrease of approximately RMB4.4 million as compared to the same period of last year.As at 30 June 2024, the Group held cash and bank balances of approximately RMB223.3 million (31 December 2023: RMB222.2 million). The Group's gearing ratio (measured as the Group's total liabilities divided by total assets) was 18.1% (31 December 2023: 18.6%) with a solid liquidity position.In the first half of 2024, the Group's tenant and leasing contracts and occupancy rates continued to remain stable. Meanwhile, the Group maintained a healthy financial position with zero debt and strong cash flow during the period under review. In light of the promising domestic and international environment, the Group will continue to focus on property investment in the future, and prudently identify suitable new investment projects with potential for long-term returns.ProspectsAs innovation in the digital economy continues to progress, China is actively driving its digital transformation. Property management companies are undergoing hardware upgrades and software enhancements to leverage intelligent technologies for operations simulation, optimized staffing, and the proactive advancement of industrial transformation. These enterprises have successfully implemented digital operations across various scenarios. With the ongoing evolution of technologies like artificial intelligence, it is anticipated that property management companies will soon experience the practical application of these advanced technologies, potentially elevating their service quality and management capabilities to new levels.Looking forward, the Group intends to uphold a prudent business strategy, emphasizing quality and steady progress. In additon, it will actively align with national policies, carry out effective initiatives to maintain market value, prioritize risk management and internal controls, and strive to generate long-term and sustainable value for shareholders. By actively adapting to national policies and industry shifts, the Group aims to expand its brand influence within the property management sector, ultimately creating greater societal value.- End - Copyright 2024 ACN Newswire via SeaPRwire.com.
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Musk minta Macron jelaskan penangkapan Durov

August 28, 2024
(SeaPRwire) - Presiden Perancis sebelum ini mengatakan tidak ada motif politik di sebalik penahanan Ketua Pegawai Eksekutif Telegram di lapangan terbang di luar Paris pada hari Sabtu Mogul teknologi Amerika Syarikat, Elon Musk telah meminta Presiden Perancis, Emmanuel Macron untuk menjelaskan sebab-sebab penangkapan pengasas dan Ketua Pegawai Eksekutif Telegram, Pavel Durov. Usahawan Rusia itu ditahan minggu lalu sebaik tiba di Lapangan Terbang Paris-Le Bourget. Pihak berkuasa kehakiman Perancis telah dua kali melanjutkan tempoh penahanan Durov. Pejabat Pendakwa Raya Awam Paris telah menyatakan bahawa dia ditangkap sebagai sebahagian daripada siasatan jenayah yang meluas terhadap seseorang yang tidak disebutkan namanya. “Ia akan membantu orang ramai di seluruh dunia untuk memahami lebih lanjut mengenai sebab-sebab dia ditangkap,” tulis Musk dalam komen di bawah catatan Macron di X (dahulunya Twitter). Pada hari Ahad, pemimpin Perancis itu menggunakan X untuk menafikan sebarang motif politik untuk menahan Durov. Dia menegaskan bahawa penangkapan itu adalah sebahagian daripada “siasatan kehakiman yang sedang berlangsung” di mana mahkamah akan memutuskan nasib usahawan itu. Durov telah mengatakan bahawa dia telah menghadapi tekanan daripada Amerika Syarikat. Dalam satu temu bual dengan wartawan Amerika, Tucker Carlson pada bulan April, dia mendakwa bahawa dia menerima “terlalu banyak perhatian” daripada FBI dan agensi penguatkuasaan undang-undang lain semasa berada di Amerika Syarikat. Menurut pendakwa raya, Durov boleh menghadapi tuduhan yang terdiri daripada keterlibatan dalam pengedaran dadah dan pengubahan wang haram, sehingga memudahkan penyebaran pornografi kanak-kanak. Media Perancis sebelum ini melaporkan bahawa penangkapan warga Rusia berusia 39 tahun itu, yang juga memegang kewarganegaraan Perancis, Emiriah Arab Bersatu, dan Saint Kitts dan Nevis, berkaitan dengan kesalahan yang didakwa berkaitan dengan Telegram. Laporan menunjukkan bahawa pihak berkuasa percaya Durov bersubahat dalam pelbagai jenayah yang didakwa dilakukan melalui aplikasi media sosial itu disebabkan oleh kawalan yang tidak mencukupi. Dilahirkan di Leningrad (kini Saint Petersburg) pada tahun 1984, Durov meninggalkan Rusia pada pertengahan tahun 2010-an dan sejak itu kebanyakannya tinggal di Emiriah Arab Bersatu. Pada tahun 2021, dia diberikan kewarganegaraan Perancis. Pada bulan Julai, Durov menulis di saluran Telegramnya bahawa bilangan pengguna bulanan aktif platform pesanan itu telah meningkat kepada 950 juta. Penangkapan Durov telah dikecam sebagai pelanggaran hak yang dinikmati di kedua-dua EU dan Amerika Syarikat. Carlson, Presiden Serbia Aleksandar Vucic, bekas kontraktor CIA dan NSA Edward Snowden, dan pelabur Silicon Valley David Sacks telah bersuara menyokong usahawan itu. Tidak lama selepas penangkapan itu, Musk, yang melancarkan tanda pagar #FreePavel, mencadangkan bahawa tekanan ke atas kebebasan bersuara boleh menjadi lebih buruk.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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AAC Technologies’s CFO Guo Dan: Expects 15% Growth in Revenue of Main Business

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

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

MHI and JAL Begin Joint Exploration of Collaboration in Aircraft Maintenance and Aftermarket Services

August 27, 2024
TOKYO, Aug 27, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) and Japan Airlines Co., Ltd. (JAL) have agreed to commence joint exploration of potential collaboration in the aircraft aftermarket business. The two companies have signed a memorandum on the matter.The aircraft aftermarket business includes services such as repairs, maintenance, parts supply, and refurbishment, which are essential for the maintenance and enhancement of aircraft's flight safety and operational efficiency.With the global recovery in aircraft demand, the need for maintenance services has also increased. JAL and MHI have begun exploring collaboration in this area in order to respond to the various issues currently affecting the aircraft aftermarket. JAL Group, as an aircraft operator, brings expertise and experience in aircraft operation and maintenance, while MHI Group, as an aircraft manufacture, contributes with its expertise and experience in aircraft design development, manufacture, certification, and MRO (maintenance, repair & overhaul) services particularly in North America.Within JAL Group, going forward the joint exploration of collaboration will be performed by JAL Engineering Co., Ltd. (JALEC), which is in charge of aircraft maintenance. Meanwhile JAL and MHI will continue their current exploration underway toward expanding cooperation in human resources development and technology development relating to the aircraft industry.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
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GTJAI Announced 2024 Interim Results

GTJAI Announced 2024 Interim Results

August 27, 2024
HONG KONG, Aug 27, 2024 - (ACN Newswire via SeaPRwire.com) - GTJAI announced its interim results for the 6 months ended 30 June 2024. Although the global uncertainties continuously impacted the capital market in Hong Kong, the Group maintained stringent control over risks, vigorously enhanced its comprehensive financial service capabilities and product diversification driven by client demand, achieved an outstanding performance with revenue and profit achieved an overall increase, revenue increased significantly by 41% YOY to HK$2,171m, profit attributable to ordinary equity holders increased significantly by 63% YOY to HK$195m. To reward investors for their long-term recognition and support, the Company maintained a high payout ratio and declared an interim dividend of HK$0.012 per share, payout ratio reached 59%.Dr. YIM Fung, Chairman and Executive Director, stated, " Despite the presence of market uncertainties, the Group adhered to the development principles of “pursuing progress while ensuring stability, promoting stability through progress, advancing through pragmatic implementation”, vigorously enhanced comprehensive financial service capabilities and product diversification. The revenue (by income nature and by business segment) achieved an overall growth, demonstrating the success of diversified and integrated development. In the future, the Group will continuously develop wealth management and institutional business, adhere to the development direction based on customer demands, provide customers with more diverse products and services, build a leading comprehensive financial service platform, and achieve steady and sustainable growth."Keep up with market trends and client demand, and continuously strengthen wealth management service capabilities Facing the ever-changing market, the Group offers a variety of financial products and services to help clients preserve and generate their wealth. Through digital transformation, the Group continuously enhances the trading and wealth management experience, with the one-stop global investment application "Junhong Global" constantly updating new features, and introduced a new wealth management channel. In the first half of 2024, the Group pioneered the launch of virtual asset spot Exchange Traded Funds (ETFs)-linked structured notes in the Hong Kong market, adding new features to its diversified products and services. At the same time, the Group responded to Hong Kong's CIES program by providing solutions for investment immigration, with three of its public funds have been included in the eligible collective investment schemes of CIES and registered in Macao, expanding the customer base.Corporate finance business deploys in key industries, and debt underwriting business maintains its leading position in the industryIn the first half of 2024, the Group achieved significant growth in bond underwriting business, participating in 113 bond issuances, marking 82% YOY increase, with the total issuance size reaching HK$187.7b, 170% YOY increase, and ranked second among Chinese securities firms in terms of the underwriting scale of offshore bonds. In equity business, leveraging synergies with the parent company, the Group focused on key industries such as new energy, robotic, and intelligent driving, so as to optimize its business structure. During the period, the Group successfully assisted SenseTime Group in completing over HK$2b new Class B share placement, marking its first equity refinancing since its IPO.Accelerate the development of green finance service capabilities, actively promote green and low-carbon developmentThe Group has always adhered to the belief of “finance for the country, finance for the people, finance for the good”, by integrating and deepening the ESG concepts into daily business operations and management, and striving to build a responsible integrated financial service platform. In the first half of 2024, the Group achieved 438% YOY significant surge in the scale of ESG bond issuance business, reaching nearly HK$70b. Additionally, on the basis of the decline in total greenhouse gas emissions for four consecutive years, the Company has successfully offset the carbon emissions for the year 2023 by purchasing carbon credit assets of the verified carbon standard (VCS) forestry projects, achieving “carbon neutrality” at operational-level for the second consecutive year. Moreover, the Group has completed the Hong Kong and Mainland China’s first multi-currency sustainability-linked loan in the securities industry, and the first green deposit of the Group, actively promoting sustainable development for itself and the industry from multiple perspectives.OutlookIn the second half of the year, the Group will continue to maintain a stable and pragmatic development strategy, actively seize market opportunities, enhance its core business capabilities, optimize its revenue structure, and ensure high-quality and sustainable development of the Company. The Group will adhere to a client-demand-driven business development approach, and vigorously develop wealth management business. On one hand, it will accelerate the digital intelligent transformation, continuously optimize the functions of the investment application, “Junhong Global”, so as to create a convenient and efficient one-stop trading and wealth management platform for clients. On the other hand, it will actively enrich the variety of products to assist high-net-worth clients in transforming their high-end asset allocation. The corporate finance business will continuously deepen the synergistic effect with the parent company, deepen its advantages and professional capabilities in key industries, and serve the overseas financing needs of high-quality enterprises. Meanwhile, the Group will fully capitalize on regional synergies and provide institutions, corporations and individual clients with comprehensive and integrated financial services by giving play to the distinctive advantages of its subsidiaries in Singapore, Vietnam and Macao.- END – Copyright 2024 ACN Newswire via SeaPRwire.com.
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2024 Interim Report of Wuling Motors (0305.HK)

2024 Interim Report of Wuling Motors (0305.HK)

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

August 27, 2024
(SeaPRwire) - SHANGHAI, 27 Ogos 2024 -- Bakat muda merupakan kumpulan dengan semangat dan kebolehan inovatif yang paling tinggi. Dengan misi untuk menyokong pembangunan belia, Persatuan Laureat Dunia (WLA) dan Forum WLA berusaha untuk membina ekosistem akademik yang terbuka dan inklusif untuk saintis muda antarabangsa. Forum WLA 2024 akan diadakan di Shanghai dari 25 hingga 27 Oktober 2024. Sebanyak 120 saintis muda sasaran yang dijemput atau disyorkan akan menyertai forum tahun ini. Mereka bekerja di universiti terkemuka dan institusi akademik berprestij di 15 negara dan wilayah, seperti Institut Max Planck, Universiti California, dan CNRS. Individu-individu hebat ini merupakan yang terbaik dalam bidang penyelidikan masing-masing atau pemimpin dalam disiplin yang muncul. Bidang penyelidikan mereka merangkumi dari matematik dan fizik hingga kimia, sains hayat dan banyak lagi. Tiga acara disediakan untuk belia. Forum Saintis Muda WLA akan mengumpulkan saintis muda dan saintis terkemuka, termasuk tujuh atau lebih penerima Hadiah Nobel, untuk memikirkan semula hubungan dialektik antara kecemerlangan saintifik dan inovasi, dan mencari cara berkesan untuk mengubah pengetahuan dan kreativiti menjadi pengaruh ketara, dan mewujudkan nilai sosial yang lebih besar. HUB Saintis Muda WLA dan Sesi Poster akan memberikan peluang kepada peserta muda untuk berkongsi pencapaian terkini mereka dan berhubung dengan rakan sebaya yang berfikiran sama. Adalah penting bagi saintis kerjaya awal untuk mendapat akses kepada nasihat pakar. Forum ini menyediakan platform di mana saintis muda boleh bertukar-tukar idea dan rakan senior boleh memberikan sokongan kepada generasi baru. John H. Schwarz, penerima Hadiah Breakthrough dalam Fizik Asas 2014, terkesan dengan perubahan yang dibawa oleh Forum. "Arah yang betul, sosiologi semua profesion, cara, lebih banyak minoriti dan kolaborasi dan kerjasama antarabangsa," katanya, "Saya harap trend ini akan berterusan." Ikatan akademik juga meluas dari forum ke dunia. Apabila sekumpulan peserta Forum WLA 2023 menghadiri Sidang Kemuncak Saintis Muda Dunia awal tahun ini, mereka dengan bangganya mengenal pasti diri mereka sebagai "alumni Forum WLA". Dan rangkaian alumni terus berkembang: 77 saintis muda akan menyertai Forum WLA 2024 buat pertama kalinya. Dengan kolaborasi global dan interaksi merentas generasi, Forum WLA berterusan untuk mewujudkan mekanisme dialog lestari di mana inovasi berkembang maju, minda bersatu dan saintis muda diberi kuasa. Laman Web Rasmi Forum WLA 2024: Sumber: Forum WLAArtikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain. HUBUNGI: Hubungi untuk media sahaja: Cik Zhu, Tel: 86-10-63074558
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CleverTap’s AI-based Recommendation Engine helps Eatigo achieve 100% growth in reservations

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

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