GMG Announces Annual General Meeting Results and Provides Chairman Overview and CEO Update ACN Newswire

GMG Announces Annual General Meeting Results and Provides Chairman Overview and CEO Update

Brisbane, Queensland, Australia--(ACN Newswire via SeaPRwire.com - November 26, 2024) - Graphene Manufacturing Group Ltd. (TSXV:GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce that in connection with the annual general meeting of the company's shareholders (the "Meeting"), that was held both virtually and in person on November 25th, 2024, the following voting results were obtained.A total of 40,947,619 common shares representing 42.31% of the Company's issued and outstanding common shares were voted in connection with the Meeting. At the Meeting, shareholders re-elected four current directors: Craig Nicol, Jack Perkowski, Bob Galyen and Andrew Small. Shareholders also voted in favour of the other items of business considered at the Meeting, which included the renumeration and appointment of BDO Audit Proprietary LTD. and the approval of the Company's 10% stock option plan.During the annual general meeting, Jack Perkowski, Chairman of GMG, and Craig Nicol, Managing Director and CEO, delivered a corporate update for shareholders in attendance. For a replay of the presentation, please click the link provided below.GMG 2024 AGM Presentation: https://youtu.be/fuUaQaKZROE?si=GNpL35BALI3H8a2DAbout GMGGMG is an Australian based clean-tech company listed on the TSX Venture Exchange (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, low cost, scalable, 'tuneable' and no/low contaminant graphene - enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this and other sources of low input cost graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.The Company is pursuing opportunities for GMG graphene enhanced products, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance and energy efficiency of engine oils, biodiesel and diesel fuels.For further information, please contact:Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231548 Copyright 2024 ACN Newswire via SeaPRwire.com.
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KOSPET Launches M3 Ultra and T3 Ultra Rugged Smartwatches in Malaysia, Redefining Durability and Innovation ACN Newswire

KOSPET Launches M3 Ultra and T3 Ultra Rugged Smartwatches in Malaysia, Redefining Durability and Innovation

KUALA LUMPUR, Nov 25, 2024 - (ACN Newswire via SeaPRwire.com) - KOSPET, a global leader in rugged smartwatch innovation, has officially launched its highly anticipated KOSPET M3 Ultra and KOSPET T3 Ultra rugged smartwatch models in Malaysia. These flagship additions to KOSPET’s renowned KOSPET TANK series bring Malaysians access to state-of-the-art wearables designed to combine durability, advanced functionality, and sophisticated design.KOSPET M3The KOSPET M3 Ultra stands out with its exceptional combination of robust design and cutting-edge technology. Equipped with a 1.96-inch AMOLED display, the smartwatch features a stainless-steel bezel and a Corning® Gorilla® Glass screen for enhanced durability and resistance. Designed to withstand extreme environments, the KOSPET M3 Ultra is military-certified with MIL-STD-810H standards and offers 5ATM and IP69K water resistance. The model is further complemented by a 480mAh battery that delivers up to 15 days of usage, alongside dual-band GPS with six-satellite positioning for precise navigation, making it an ideal choice for adventurers and fitness enthusiasts alike.KOSPET T3Similarly, the KOSPET T3 Ultra showcases an impressive array of features tailored for those with active lifestyles. With its 1.43-inch AMOLED display and full metal bezel, the smartwatch exudes sophistication while offering rugged reliability. The KOSPET T3 Ultra boasts advanced health and fitness tracking capabilities, including over 170 sports modes and smart recognition of six key sports movements. Swimmers will particularly benefit from its SWOLF tracking functionality. Equipped with a powerful 500mAh battery and dual-band GPS, the KOSPET T3 Ultra ensures a seamless and reliable user experience, whether for outdoor adventures or everyday activities.Expressing excitement about the brand’s expansion into Malaysia, Mr. Young Zhang, Southeast Asia Sales Director of KOSPET, said, “We are thrilled to introduce the KOSPET M3 Ultra and KOSPET T3 Ultra to the Malaysian market. These models represent KOSPET’s dedication to blending durability, innovation, and modern design, catering to the evolving needs of our customers. With the special promotional pricing, we are confident that more Malaysians will be able to experience the excellence of KOSPET’s technology and take their fitness and lifestyle goals to new heights.”With its entry into Malaysia, KOSPET aims to set a new benchmark in the wearable tech industry, providing rugged smartwatches that combine functionality and style. The limited-time promotion on the KOSPET products is expected to attract significant interest, solidifying KOSPET’s position as a leader in the market. Customers can find these models at authorised retailers and online platforms.From now till 31 December 2024, KOSPET will be available during the exclusive promotion period at up to 50% off (regular price range from RM600-RM750) and a cash voucher of RM300, on Shopee.Image DownloadDownload high-resolution images and videos from this LINK.ABOUT Shenzhen KOSPET Technology Co., Ltd.Founded in 2018, KOSPET is a global leader in rugged smartwatch innovation, with operations in Shenzhen, China, and a design centre in Washington, USA. Renowned for introducing military-grade smartwatches, including the TANK series, KOSPET combines durability, cutting-edge technology, and advanced functionality. Their smartwatches feature high-resolution AMOLED displays, dual-band GPS with six-satellite positioning, over 170 sports modes, comprehensive health monitoring, and water resistance up to 5ATM and IP69K. With a presence in over 70 countries and millions of users worldwide, KOSPET continues to set benchmarks in wearable technology, catering to the evolving needs of outdoor enthusiasts and everyday consumers. Find out more about the KOSPET at kospet.com, Facebook, Instagram and TikTok.For media information, kindly contact:Triven Marketing Group, for KOSPETJazzmin WanEmail: j.wan@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
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GoDaddy’s Airo solution is helping Asian entrepreneurs save time ACN Newswire

GoDaddy’s Airo solution is helping Asian entrepreneurs save time

SINGAPORE, Nov 26, 2024 - (ACN Newswire via SeaPRwire.com) - For small businesses, every second saved and money spent can be the difference between surviving and thriving. GoDaddy recently found that 92% of small business owners surveyed globally view implementing AI in their businesses would yield in a positive impact to their bottom line.However, they have challenges when it comes to getting started. The top three reasons reported globally for not implementing AI are a lack of awareness of available solutions (49%), potential costs (48%), lack of understanding of the benefits (43%), and lack of time to implement these tools (29%). To make using generative AI fast and easy, GoDaddy launched GoDaddy Airo™, an AI-powered experience designed to save small business owners precious time in establishing their online presence and attract new customers.The Right Solution for Any Small BusinessGoDaddy Airo™, available in English language, makes leveraging the power of AI easy for anyone wanting to start a business or take their existing one to the next level.GoDaddy Airo™, using GoDaddy’s AI Domain Search tool, can recommend catchy domain names with just a description of their business. Within minutes of purchasing a domain from GoDaddy, GoDaddy Airo™ can instantly generate content for the business, including:Unique, eye-catching logo designs that can be easily customized to fit the business.A fully built website, using GoDaddy’s Websites + Marketing, with a paid subscription, including imagery and content designed to help the business engage and attract customers.A professional email account, with a paid subscription, that strengthens the credibility and prestige of the business.By simply uploading a product photo, an auto-generated custom product description is created for an online store.Social media calendar with recommendations of when to ideally post.GoDaddy Airo™ Is Always EvolvingGoDaddy Airo™ is live now for small businesses to take advantage of, and even more capabilities are coming."GoDaddy Airo™, as an AI powered experience, continuously evolves and improves ensuring that small businesses stay at the forefront of the latest technology," said Selina Bieber, Vice President for International Markets at GoDaddy. ”GoDaddy empowers entrepreneurs with online tools and solutions that combines the latest AI technology with the ease of use we're known for, helping small businesses drive growth and stay connected with their customers."For more information on how GoDaddy Airo can help your business visit GoDaddy's website.About GoDaddyGoDaddy helps millions of entrepreneurs globally start and scale their businesses. People come to GoDaddy to name their idea, build a website and logo, sell their products and services, and accept payments. GoDaddy Airo™, the company’s AI-powered experience, makes growing a small business faster and easier by helping them to get their idea online in minutes, drive traffic and boost sales. GoDaddy’s expert guides are available 24/7 to provide assistance. To learn more about the company, visit www.GoDaddy.com.Issued on behalf of GoDaddy. For more information, contact:Fekra Communicationsinfo@fekracomms.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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TOPVISION Launches Prospectus for the Transfer of Listing from the LEAP Market to ACE Market ACN Newswire

TOPVISION Launches Prospectus for the Transfer of Listing from the LEAP Market to ACE Market

KUALA LUMPUR, Nov 25, 2024 - (ACN Newswire via SeaPRwire.com) - TOPVISION Eye Specialist Berhad (“TOPVISION” or the “Company”), an experienced player in medical eye care services in Malaysia, is pleased to announce the launch of its prospectus for the upcoming Public Offering in conjunction with TOPVISION’s transfer of listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”), a move that underscores its continuous commitment to delivering high-quality eye healthcare nationwide as well as boosts TOPVISION’s public market visibility.Group Photo 1 Caption (L-R):1. Mr. Phang Siew Loong, Head of Equity Markets, Hong Leong Investment Bank Berhad2. Wendy Teh, Co-head, Corporate Finance, Hong Leong Investment Bank Berhad3. Mr. Tan Kah Poh, Independent Non-Executive Director, TOPVISION Eye Specialist Berhad4. Datuk Kenny Liew Hock Nean, Executive Vice Chairman, TOPVISION Eye Specialist Berhad5. Mr. Lee Geok Ai, Independent Non-Executive Chairman, TOPVISION Eye Specialist Berhad6. Dr. Peter Chong Kuok Siong, Chief Executive Officer and Executive Director, TOPVISION Eye Specialist Berhad7. Ms. Lim May Wan, Independent Non-Executive Director, TOPVISION Eye Specialist BerhadThis Public Offering aims to raise RM17.89 million through the issuance of 54.22 million new ordinary shares at a retail price of RM0.33 per share. The funds raised from this exercise will be allocated as follows:RM7.90 million for the establishment of the TOPVISION International Eye Specialist Centre in Klang Valley, a tertiary eye ambulatory care centre with subspecialty services like retinal surgery, cornea transplants, and paediatric ophthalmology to meet patient needs and elevate eye healthcare standards.RM5.00 million for expanding the ACC network with new centres in Kuala Terengganu and Tawau, Sabah, expanding TOPVISION’s presence in East Malaysia and enhancing access to quality eye care.RM0.50 million for purchase of machines, including phacoemulsification machines to improve service quality across TOPVISION’s network.RM4.50 million for listing expenses for the transfer of listing from the LEAP Market to the ACE Market of Bursa Securities.Dr. Peter Chong Kuok Siong, Chief Executive Officer and Executive Director of TOPVISION said, “We are thrilled to launch our prospectus, marking TOPVISION’s another milestone in the process of transfer its listing to the ACE Market. This move not only accelerates our growth but underscores our commitment to advancing eye healthcare across Malaysia. With funds raised, we will expand our ACC network, establish TOPVISION International, and invest in new machines, all aimed at enhancing patient care. This listing reflects our dedication to sustainable growth, clinical excellence, and our mission to improve the quality of life for our patients.”Mr. Phang Siew Loong, Head of Equity Market of Hong Leong Investment Bank Berhad commented, “TOPVISION’s transition to the ACE Market marks a pivotal milestone in its growth journey. We are proud to support TOPVISION as it builds on its strong foundation of clinical excellence and patient-centered care. With this listing, TOPVISION is well-positioned to meet the growing demand for specialised eye care, aligning with Malaysia’s healthcare goals and paving the way for sustainable growth and innovation in the sector.”The medical eye care industry in Malaysia is projected to grow significantly, with revenue expected to expand at a compound annual growth rate (“CAGR”) of 10.0% from RM849.50 million in 2024 to RM1,249.40 million by 2028. This growth is driven by several key demand and supply factors. On the demand side, factors include steady population growth, an ageing population, increased medical tourism, growing consumer affluence, and a rise in lifestyle-related diseases. Meanwhile, supply-side growth is supported by advancements in medical eye care technology and strong government support.Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter and Sole Bookrunner.Group Photo 2 Caption (L-R):1. Mr. Phang Siew Loong, Head of Equity Markets, Hong Leong Investment Bank Berhad2. Datuk Kenny Liew Hock Nean, Executive Vice Chairman, TOPVISION Eye Specialist Berhad3. Dr. Peter Chong Kuok Siong, Chief Executive Officer and Executive Director, TOPVISION Eye Specialist BerhadAbout TOPVISION Eye Specialist Berhad (“TOPVISION”)TOPVISION Eye Specialist Berhad is a prominent provider of medical eye care services in Malaysia, specialising in comprehensive eye care treatments including cataract surgery, treatment and management of glaucoma, and treatment and management of vitreous and retinal diseases. TOPVISION was listed on the LEAP Market in 2018, founded with a commitment to delivering advanced and patient-centric medical services, TOPVISION operates a growing network of ambulatory care centres (ACCs) across Malaysia. The Company leverages medical technology and a team of experienced ophthalmologists to provide high-quality treatments. As an experienced player in the field, TOPVISION continues to expand its services, focusing on both innovation and accessibility to enhance the eye health of patients throughout the region.For more information, visit https://www.tvesc.com/en/Issued By: Swan Consultancy Sdn. Bhd. on behalf of TOPVISION Eye Specialist BerhadFor more information, please contact:Jazzmin WanEmail: j.wan@swanconsultancy.bizXinyi ChingEmail: x.ching@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
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SGX-Listed Mooreast Appoints Norwegian Eirik Ellingsen as CEO to Drive Growth in Global Floating Offshore Wind Market ACN Newswire

SGX-Listed Mooreast Appoints Norwegian Eirik Ellingsen as CEO to Drive Growth in Global Floating Offshore Wind Market

SINGAPORE, Nov 21, 2024 - (ACN Newswire via SeaPRwire.com) - Mooreast Holdings Ltd. (“Mooreast” or the “Group”), announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer (“CEO”) amid growing adoption of floating wind energy projects worldwide.Mr Eirik Ellingsen’s appointment, which will begin 1 January 2025, comes amid the growing commercialisation of floating offshore renewable energy projectsMr Ellingsen will assume the role of CEO at Mooreast on 1 January 2025. He will be taking over from Mr Sim Koon Lam, the founder, who will continue to serve as Executive Director and Deputy Chairman of the Group.Mooreast is a total mooring solutions specialist and Asia’s only ultra-high power anchor manufacturer primarily serving the offshore renewable energy, offshore oil & gas and marine industries. With operations in Singapore and the Netherlands, the Group is establishing a manufacturing facility in Aberdeen, Scotland, and is making forays into the North East Asia market.In June 2024, the Group announced that it was acquiring 60 Shipyard Crescent from a subsidiary of Seatrium Limited. The acquisition increases Mooreast’s total land area to 129,609 sqm (approx. 1.4 million sqft) and quadruples its production capacity to produce enough subsea foundation to support between 1.5 gigawatts (“GW”) to 2GW of floating offshore wind energy per annum compared to its current capacity of 0.5GW.Mr Ellingsen, who is also a resident of Singapore, brings over 35 years of experience to the role. He is currently serving as Director of Offshore Wind in the Asia Pacific at independent non-profit foundation Norwegian Energy Partners (“Norwep”). In that role, he built strong relationships with the global offshore wind industry across South Korea, Japan, Taiwan, the Philippines, Vietnam and Australia. His last day at Norwep will be 31 December 2024.Before joining Norwep, Mr Ellingsen held several key roles in the global offshore industry. Notably, he served as Group Executive Director for Ferguson Group Ltd, where he oversaw its global container and modular business, and established its Singapore operations in 2008. He also founded Norway-based Ferdocean AS in 2018 which was sold in 2022. Following the sale, he was appointed Non-Executive Director of Ferdocean AS, where he provided strategic operational oversight of the business.Mr Ellingsen holds certifications in Business Sustainability Management from the University of Cambridge, Leadership and Competence Development for Board and Committee Members from the University of Stavanger and in Foundation Program in Business Administration from the BI Norwegian School of Management. Additionally, he is a certified ISO 9001, 14001, 27001 Lead Auditor through the Knowledge Academy.Mr Ellingsen’s appointment comes amid the growing commercialisation of floating renewable energy projects, which are moving further offshore to deeper waters, driving demand for advanced mooring solutions such as anchoring techniques and synthetic mooring lines.Floating wind farm developers require an innovative partner with a reliable network of suppliers and manufacturing capabilities to reduce costs and address supply chain challenges. This presents Mooreast with a strong opportunity to offer its cutting-edge mooring solutions.Mooreast said it would leverage on Mr Ellingsen’s extensive expertise and network within the offshore wind industry to capture business opportunities, as the Group positions itself as a key player in the global floating offshore wind market.Commenting on the appointment, Mr Sim Koon Lam said, “We are delighted to welcome Mr Ellingsen to the team; his experience, strong track record and deep industry knowledge and network will further accelerate our push towards the floating offshore renewable sector. We are confident he will strengthen our strategic direction, propel the Group to the next level and deliver long-term value to our shareholders.”Mr Eirik Ellingsen said “I am deeply honoured and excited to take on the role of CEO at Mooreast. I look forward to working with the Mooreast team to implement key transformation strategies to build momentum and achieve the Group’s long-term vision of becoming the leading mooring solutions provider within the floating renewable energy sector.”Leveraging more than 30 years of mooring and offshore marine expertise, Mooreast total mooring solutions include the design, engineering and fabrication of specialist anchors and equipment, as well as geotechnical and geophysical studies such as soil data analysis to determine project feasibility and engineering design for mooring configuration for floating wind turbines. The Group also incorporated Mooreast Taiwan in May 2024 and Mooreast Malaysia in July 2024.This press release has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, W Capital Markets Pte. Ltd. (the “Sponsor”). This press release has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “SGX-ST”) and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.The contact person for the Sponsor is Ms Alicia Chang, Registered Professional, W Capital Markets Pte. Ltd., at 65 Chulia Street, #43-01 OCBC Centre, Singapore 049513, Telephone (65) 6513 3525.Issued for and on behalf of Mooreast Holdings Ltd. by WeR1 Consultants Pte Ltd.About Mooreast Holdings Ltd.Mooreast is a total mooring solutions specialist, serving mainly the offshore renewable energy, offshore oil & gas (“O&G”) and marine industries, with operations primarily in Singapore, the Netherlands through its wholly-owned subsidiary in Rotterdam Mooreast Europe, and offices based in Scotland, Taiwan and Malaysia.Mooreast’s solutions include the design, engineering, fabrication, supply and logistics, installation and commissioning of mooring systems. Mooreast is applying its experience and expertise in mooring solutions to floating renewable energy projects, in particular floating offshore wind farms. It has successfully participated in developmental and prototype projects for floating offshore wind turbines in Japan and Europe.For more information, please visit https://mooreast.com/Media & Investor Contact InformationWeR1 Consultants Pte Ltd1 Raffles Place #02-01One Raffles Place Mall Suite 332Singapore 048616Isaac Tang, mooreast@wer1.net (M: +65 9748 0688) Copyright 2024 ACN Newswire via SeaPRwire.com.
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S&P Acknowledges Fosun’s Return to the USD Bond Market

HONG KONG, Nov 25, 2024 - (ACN Newswire via SeaPRwire.com) - On 21 November 2024, S&P Global Ratings released an updated report expressing strong recognition of Fosun International (HKEX: 00656)’s recent US dollar note issuance. S&P noted that the successful issuance is positive for the company’s credit matrix as it helps broaden the Group’s funding channels, thereby maintaining a “stable” outlook on Fosun International’s rating.S&P released the report following Fosun International’s successful issuance of USD300 million 3.5-year US dollar-denominated senior unsecured notes on 13 November. S&P pointed out that re-opening the offshore US dollar bond market which has been closed for more than three years reflects a significant improvement in Fosun’s creditworthiness and recognition from broad-based investors. The US dollar note issuance is positive in helping Fosun International to diversify its financing options, extend its debt maturities, and strengthen its liquidity buffer. Alongside the new note issuance, Fosun announced to tender its 2025 maturity bond up to equivalent amount of the new issue. This is to ensure that the new issue will not increase Fosun’s total outstanding interest-bearing debt.It is reported that the note issuance attracted strong interest from a large number of mainstream institutional investors globally, with the order book reportedly exceeding USD1.2 billion.According to various market sources, the successful issuance of the USD300 million notes was attributed to the company’s consistent focus on core business development, divestment of non-strategy asset, optimization of debt structure, and stabilization of international credit ratings over the past two years, helping Fosun to become one of the few Chinese private enterprises to regain vote of confidence from global investors in recent years. Amidst a backdrop of US rate easing cycle, Fosun continues to provide high-quality, secure, and long-term asset allocation options for its long-term supportive investors, thereby maximizing value for them.S&P mentioned in the report that although the size of the USD300 million note issuance is not large, combined with the Group’s USD888 million offshore syndicated loan raised earlier in the end of September, as well as Fosun’s solid track record of refinancing onshore bank loans over past years, S&P believes Fosun has adequate liquidity buffer to meet its debt maturities obligation over the next two years. S&P reaffirmed a “BB-” stable rating to the US dollar notes and expects Fosun to continue divesting its non-core assets, leading to a steady decline in the Group’s debt. Furthermore, as offshore subsidaries reach maturity, Fosun International’s dividend receipts are expected to enhance significantly.On 30 September, Fosun International announced the closure of a sustainability-linked syndicated loan totaling USD888 million through greenshoe, one of the largest of its kind issued by Chinese private enterprises this year. The loan is a three-year senior unsecured working capital loan and the participating banks include several leading banks from Greater China, the Asia-Pacific region, and Europe and the Americas. This reflects the continued recognition of the Group’s credit quality by both domestic and international banks, and indicates that the company’s sound financing channels will provide a solid foundation for its steady development.Recently, research reports from several securities firms have pointed out that Fosun International’s strategy of focusing on its core businesses has yielded significant results. Among them, Northeast Securities released a research report on 15 November, noting that Fosun International, driven by its twin driver of “innovation + globalization”, has a clear strategic positioning and robust performance across its four business segments. Furthermore, Fosun has steadily improved its cash flow through optimizing asset allocation. Northeast Securities is optimistic about Fosun’s future prospects and has assigned the company a “Buy” rating. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Tat Hong Equipment Service Co., Ltd. Announces 2024/25 Interim Results ACN Newswire

Tat Hong Equipment Service Co., Ltd. Announces 2024/25 Interim Results

HONG KONG, Nov 22, 2024 - (ACN Newswire via SeaPRwire.com) - Tat Hong Equipment Service Co., Ltd. (“Tat Hong” or the “Company”, together with its subsidiaries, the “Group”) (Stock Code: 2153), the first foreign-owned tower crane service provider established in the PRC, has announced its interim results for the six months ended 30 September 2024 (the “Period”).During the Period, the Group recorded revenue of approximately RMB340.9 million (2023: RMB358.6 million). Loss attributable to equity shareholders of the Company was RMB36.2 million (2023: RMB20.4 million). Such increase in loss was mainly attributable to the decrease in the average monthly service price of tower cranes per tonne metres (TM) in use from RMB225 toRMB208, thereby affecting the Group's revenue.Total tonne meters (TM) in use by the Group increased to 1,637,740 for the Period from 1,594,911 in the previous same period. As at 30 September 2024, the Group had 327 projects in progress with total outstanding contract value at approximately RMB444.6 million and 47 projects on hand with expected total contract value at approximately RMB235.1 million.For the six months ended 30 September 2024, global economic recovery had slowed down and the mainland China economic downward pressure had been significant. Due to insufficient market demand and decline in the average monthly tower crane service price per TM, market competition was intense for the construction machinery industry. To cope with the slow recovery of the domestic construction industry and the persistently weak macro economy, plus to boost future income, the Group had actively adjusted its strategies, restructured business layout and expanded business overseas during the Period.Responding to the national and international calls to promote green energy and support enterprises in accelerating transformation, the Group set up a Clean Energy Division in 2023 to focus on expanding clean energy businesses including nuclear power plants. At the same time, the Group had actively shifted to focus on thermal power plant projects. It expects revenue generated from these projects on hand to be reflected in its future results. With the new subsidiary in Guangzhou, the Group had deepened coverage in the Greater Bay Area. The Group also speeded up expansion in Indonesia, with a joint venture with a local partner in 2024 after years of careful strategic planning. With rich experience in operating business in Indonesia, the partner is expected to give the Group the support it needs to expand the Indonesian market.During the Period, the Group continued to expand its medium-to-large tower crane fleet. As at the end of the Period, it managed a total of 1,193 tower cranes, the second largest fleet in the PRC tower crane service market. With such a strong tower crane fleet, the Group has been able to focus on medium-to-large construction projects, providing them with comprehensive services with tower cranes that afford a wide range of lifting capacities. The considerable number of medium-to-large tower cranes the Group owns also give it advantage in bidding for larger and more complicated projects, and as such, allowing it to increase revenue from and the profit margins of future projects.Mr. Sean Yau, CEO of Tat Hong Equipment Service Co., Ltd., said: "Recently, the Chinese government has introduced a comprehensive package of incremental policies to expand effective investment, stimulate consumption demand, attract investment, support industrial upgrade, ease enterprises’ difficulties and issues, implement fiscal and financial measures, and stabilize the real estate market. It is evident that the country is increasing fiscal support and charting a clear course of recovery for all industries. Moreover, there is still strong demand in the domestic infrastructure and energy sector. That plus the fast-growing infrastructure markets in the Greater Bay Area and Southeast Asia have provided the Group with huge business development opportunities.”Mr. Roland Ng, Chairman of Tat Hong Equipment Service Co., Ltd., said: “The present pace of market recovery in China is sluggish, but with the new focus on high-quality growth, it is expected to gradually get back on track. We will keep our eyes on the fast-changing global market environment and adjust our operational and geographical strategies accordingly. At home in the PRC, we will seize the new opportunities brought by the rapid development of clean and green energy. Abroad, as the first foreign-funded tower crane service provider set up in the PRC, we will continue to take advantage of our brand reputation, rich industry experience, mature execution skills, profound technical strength and solid customer base to help us ‘go global’. With support from the ‘Belt and Road’ initiative and other policies encouraging enterprises to venture overseas, the Group will push to expand into more overseas markets.”About Tat Hong Equipment Service Co., Ltd. (Stock Code: 2153)Tat Hong Equipment Service Co., Ltd. is the first foreign-owned tower crane service provider established in the PRC. Since 2007, the Group has established as a tower crane service provider for one-stop tower crane solution services from consultation, technical design, commissioning, construction to after-sales services primarily to Chinese Special-tier and Tier-1 EPC contractors. Guided by its core values, “Virtue, Safety and Excellence”, the Group has successfully established its market position and maintained stable, reputable and loyal customer base in the construction industry in the PRC.Media EnquiriesStrategic Financial Relations LimitedHeidi SoTel:(852) 2864 4826Email: heidi.so@sprg.com.hkMel LaiTel:(852) 2864 4855Email: mel.lai@sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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First Quarterly Profit, High-Quality Platform Growth, NaaS Technology Accelerates Ecosystem Development

HONG KONG, Nov 22, 2024 - (ACN Newswire via SeaPRwire.com) - On November 20, NaaS Technology Inc. (NASDAQ: NAAS), the first U.S.-listed EV charging service company in China, released its Q3 2024 earnings report, showcasing an impressive performance.According to the announcement, the company's core strategy—its charging service business—has shown strong growth, contributing RMB 42.37 million in revenue, a 36% year-over-year increase, accounting for 95% of total revenue. This highlights the success of the company’s strategic focus, which also resulted in a significant increase in gross profit margin. In Q3 2024, the gross profit margin reached a record-high 57%, up from 38% in the previous quarter. Notably, the company achieved a critical milestone this quarter by recording its first-ever positive net profit. Non-IFRS net profit attributable to ordinary shareholders was RMB 21.2 million (US$ 3.0 million) for the third quarter, signaling a successful transition to the "high-quality development" phase, focusing on profitability and marking a significant improvement in the company’s earning capabilities.Strategic Focus on Charging Services, Strengthening the Role as an Industry ConnectorNaaS's strong profitability this quarter is closely tied to its strategic decision to focus on its charging services business, which is a platform business in nature.As a leader in third-party electric vehicle (EV) charging services, NaaS does not directly operate charging stations. Instead, it leverages its robust connectivity, operational, and intelligent digital capabilities to act as an "industry connector." Positioned as a platform linking supply and demand in the EV charging industry, NaaS avoids the low-profit, high-capital-intensive energy solutions segment and emphasizes the distinct platform characteristics of its charging service business.NaaS’s charging service business is supported by its strategic partnership with the Kuaidian APP, which serves as a traffic portal to provide interconnection services for various charging operators. The partnership expands NaaS’s user outreach while also improving EV charging stations’ utilization and operational efficiency, by drawing to them more customer traffic . For EV owners, the service enables quick searches for nearby charging stations, including real-time status updates, improving charging efficiency and optimizing the user experience.NaaS’s platform-driven charging services integrate various industry participants, enhance ecosystem construction on both the supply and demand sides, improve industry efficiency, and align the charging sector with the rapid growth of China's EV industry.This platform business requires substantial early-stage investment, including subsidies, to cultivate market habits and expand network coverage. With the rapidly evolving EV sector, characterized by technological innovation and shifting market dynamics, initial investments may be amplified. However, as the platform grows and user loyalty strengthens, the industry shifts from chaotic expansion to refined operations, with NaaS gradually realizing economies of scale and achieving profitability at scale.According to the latest financial report, NaaS is actively aligning with industry development trends by optimizing its internal processes and improving efficiency, thereby enhancing profitability. Driven by the dual forces of market demand and user growth, NaaS is gradually entering a harvest phase.The financial report shows that in Q3 2024, the company’s charging service business achieved steady growth in both GTR (Gross Take Rate) and NTR (Net Take Rate), with the proportion of profitable orders rising to 73%. The total charging volume transacted through the NaaS network reached 1.284 billion kWh, a 13% increase quarter-over-quarter. These factors collectively fueled the growth of NaaS’s charging service business and are the primary reasons behind the company achieving its first-ever quarterly non-IFRS net profit.Moving Beyond Subsidy Dependence, Achieving Organic Platform GrowthIn addition to its impressive profitability, NaaS’s charging service business has also demonstrated significant high-quality growth in scale. As the market matures, NaaS’s business shows clear scale advantages that continue to expand.Recognizing industry trends and aligning with internal capabilities, NaaS began reducing user subsidies in early 2024, transitioning from subsidy-driven growth to organic growth by expanding user acquisition channels and deepening partnerships. This shift not only allowed the company to focus on the core value of its charging services—promoting intrinsic growth through improved products and services—but also supported the development of a more stable and sustainable revenue model, strengthening its competitive moat.This shift is reflected in the financial data. Optimized subsidy policies contributed to an 81% year-over-year decrease in selling and marketing expenses to RMB 29.7 million (US$ 4.2 million) for this quarter. Despite reduced subsidies, NaaS’s platform achieved strong growth in transaction users in Q3.Besides, latest data also show the number of connected charging stations increased by 40% year-over-year to 96,000, and the total number of connected chargers rose by 49% year-over-year to 1.146 million, outpacing the industry’s average growth rate during the same period. Significant cut in expenses does not compromise the company’s continuous growth.AI-Driven Business Growth, Building an Industry EcosystemSince the launch of ChatGPT in 2022, the industry has been exploring how AI can empower various sectors, with the trend moving from general AI models to domain-specific applications—charging is no exception.AI can process and analyze vast datasets, including user needs, market trends, and historical transaction data, to accurately forecast supply-demand dynamics and provide personalized recommendations based on user behavior. This can significantly enhance supply-demand matching efficiency and accuracy, addressing key challenges such as inefficient matching and insufficient high-quality supply in the current charging industry.NaaS was an early adopter of AI and has demonstrated foresight in leveraging it to advance the charging industry.As early as 2016, NaaS began developing AI algorithms to improve transportation energy supply-demand matching, operational efficiency, and intelligent energy replenishment experiences. In 2023, the company launched its NEF (NaaS Energy Fintech) system based on advanced AI algorithms. This system manages station site selection, revenue evaluation, operational scheduling, maintenance, and more, enhancing the operational efficiency and financial sustainability of regional charging operators while improving the user experience.The scale of data often determines the intelligence level of AI algorithms. With its charging station network, NaaS has accumulated significant supply-demand data, providing an extensive stage for AI applications. In Q3, NaaS officially joined the AI Applications Alliance and is poised to continue unlocking the value of AI in the charging service industry, accelerating the digital transformation of the sector.Beyond AI-driven advancements, the rapid growth of EVs has facilitated the integration of ecosystem resources across the charging industry. NaaS is also building its own ecosystem around its charging services by establishing long-term partnerships with automotive OEMs, charging station operators, energy companies, and the State Grid. These collaborations expand infrastructure coverage, provide user-friendly experiences, and enhance customer loyalty.In August 2024, NaaS announced an in-depth partnership with FAW-Volkswagen to provide smart, efficient, and convenient charging experiences for NEV owners. In September, NaaS reached a strategic collaboration with IM Motors to offer enhanced service capabilities. These partnerships highlight NaaS’s ongoing efforts to expand the ecosystem in the EV charging industry, creating a comprehensive and robust service ecosystem.With the rapid growth of NEVs, the charging industry, as a critical supporting infrastructure, has entered a phase of accelerated expansion. As a "connector" in the charging service market, NaaS leverages AI-driven algorithms to continuously integrate resources from various industry participants and collaborate with ecosystem partners to build a mutually beneficial ecosystem. According to the latest financial report, NaaS has transitioned from the early "cash-burning" stage to a phase of refined operations, with its profitability model gradually being recognized by the market. The company is poised for large-scale profitability, supported by its wide network coverage, and its future development is highly anticipated. Copyright 2024 ACN Newswire via SeaPRwire.com.
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neurocare Group AG Welcomes Kevin Reeder as Chief Financial Officer ACN Newswire

neurocare Group AG Welcomes Kevin Reeder as Chief Financial Officer

MUNICH, Nov 21, 2024 - (ACN Newswire via SeaPRwire.com) - neurocare group AG ("neurocare" or the "Company"), a best practice platform for mental health and performance, is pleased to announce the appointment of Kevin Reeder as Chief Financial Officer of the company, from January 1st 2025.neurocare appoints Kevin Reeder as CFO starting January 2025Kevin Reeder holds an MBA from Oxford University and is currently the CEO of the venture capital firm bm|t, one of neurocare´s largest investors. Kevin has a long history in international investment management both in the US and in Europe, spanning venture capital, private equity, and publicly traded investments.Prior to joining bm|t, Kevin held key roles at INVESCO, Silvergate Capital, GVO Asset Management, and Bank am Bellevue. He also gained experience outside of the investment sector as Head of Data and Credit at M-KOPA, a high-growth company in Africa, where he led fundraising efforts, managed financial operations, and established the company's data analytics platform.Kevin joined the neurocare board at the end of 2021 and played a key role in fundraising, strategy, and M&A. He will step aside from the board to fully focus on his responsibilities as CFO, driving financial strategy and supporting neurocare's growth initiatives."We are delighted to welcome Kevin Reeder as neurocare's new CFO. Having worked with Kevin since joining the board, I have developed a deep respect and admiration for him as a business leader who understands our business and vision. Kevin's exceptional expertise and longstanding familiarity with neurocare's goals make him an ideal fit to help drive our growth and deliver value to our stakeholders," said Tristan de Boysson, Chairman of the Supervisory Board."Kevin's appointment as CFO completes neurocare's Global Leadership Team at a time of such exciting growth for our innovative company," said Thomas Mechtersheimer, Founder & CEO of neurocare. "Having worked closely with Kevin as a Board member, I am confident that his deep understanding of our business will enable us to drive neurocare's growth faster right away. On a personal note, I am much looking forward to sharing my life's professional vision and purpose with someone so energetic and equally purpose driven.""I am honored to step into the role of CFO at neurocare and to be part of such a forward-thinking company dedicated to transforming mental health and performance," said Kevin Reeder. "Having had the privilege of working with neurocare as a Board member, I have a deep appreciation for the team's vision and the positive impact we're making. I look forward to leveraging my experience to support neurocare's growth and financial strategy as we continue to expand our reach and become a global leader in mental healthcare."Contact Information:Sally RemingtonGlobal Marketing Managermedia@neurocaregroup.com+49 152 2305 8385SOURCE: neurocare group AG Copyright 2024 ACN Newswire via SeaPRwire.com.
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DesignInspire opens on December 5, with free admission for the public ACN Newswire

DesignInspire opens on December 5, with free admission for the public

- DesignInspire will return from 5 to 7 December, and will be fully open to design industry and the public with complimentary admission for three consecutive days, featuring multiple photo spots and immersive art experiences.- Paris’ prestigious design authority Maison&Objet will present an impressive immersive showcase.- The Future Archive, curated by award-winning designer and cross-disciplinary artist Chilai Howard, will showcase seven exceptional creative partnerships between Hong Kong design masters and emerging talents.- A full-scale red minibus facade showcasing iconic calligraphy by traditional minibus sign writer Mak Kam-sang and renowned hand-painted sign artist Katol.- InnoTalks forum brings together international design experts to share the latest design trends and forward-looking perspectives; multiple creative workshops covering STEAM education, traditional crafts, and innovative technology.HONG KONG, Nov 21, 2024 - (ACN Newswire via SeaPRwire.com) - DesignInspire, organised by the Hong Kong Trade Development Council (HKTDC), co-organised by the Hong Kong Design Centre (HKDC), and sponsored by the Cultural and Creative Industries Development Agency (CCIDA), will be held on 5-7 December at the Hong Kong Convention and Exhibition Centre (HKCEC). The exhibition will be fully open with complimentary admission for design industry players and the public throughout the three-day event. Under the theme of "Design for a Better Tomorrow", this year's exhibition marks a milestone strategic partnership with globally renowned interior design trade fair creator Maison&Objet, bringing together local and international design luminaries to create a unique experiential journey for both industry professionals and the public. The Business of Design Week Summit 2024, organised by HKDC, will run concurrently on 2-7 December and 4-6 December respectively, creating a perfect synergy with DesignInspire.Stephen Liang, Assistant Executive Director of the HKTDC, said: "As an internationally acclaimed centre of design excellence in Asia, Hong Kong has always played a vital role in promoting global creative industry development. DesignInspire, as an important creative design platform in Asia, this year features an extensive programme of designated photo spots and immersive art installations. It is expected to attract over 200 exhibitors from Mainland China, the Czech Republic, France, Japan, Taiwan, Thailand and Hong Kong, showcasing global innovative design trends. The first-time strategic partnership with France's prestigious design fair Maison&Objet further emphasises Hong Kong’s strategic positioning as an East-meets-West centre for international cultural exchange, creating a new driving force to stimulate further growth and development of the cultural and creative industries in Hong Kong."Explore French creative and design excellenceThe globally renowned Maison&Objet, a premier platform for international design, interior decoration, and lifestyle, has signed an MOU with the HKTDC and is making its Hong Kong debut. The collaboration features the Maison&Objet Factory, a 1,000-square-metre immersive showcase that presents cutting-edge design trends while reinforcing Hong Kong's role as Asia's design capital. The exhibition area is divided into five unique zones conceived by master curators: “Nature, the Muse!”, “Conscious Staging”, “Precious Matters”, “Shades of Sustainability” and “Terra Cosmos: spaces full of future promise”, each interpreting "conscious design" from its own unique perspective. “Nature, the Muse!” curated by internationally renowned Chinese contemporary designer Jiang Qiong Er, features selected works by 10 prestigious French artisans from Les Lauréats de l'Intelligence de la Main® and nine Chinese master craftsmen, demonstrating the exceptional craftsmanship of both East and West.Additionally, DesignInspire will also work with several French institutions to present an array of prestigious French brands, including Baccarat and LALIQUE. A highlight includes Baccarat's exclusive crystal chandelier collaboration with Hong Kong design maestro Steve Leung, featuring blue-and-white porcelain elements.Future Archive showcases Hong Kong creativity and cross-generational dialogueThe Future Archive, curated by award-winning designer and cross-disciplinary artist Chilai Howard, will present groundbreaking collaborative works between Hong Kong's veteran design masters and rising talents. The showcase features seven exceptional creative partnerships, including graphic design master and ink painter Kan Tai-keung with printmaker and tattoo artist Li Ning; international architectural designer Steve Leung with new media artist Chris Cheung / XPLOR; sculptor Johnson Tsang with emerging Hong Kong artist Kila Cheung; watch designer Joe Kwan with sculptural visual effects designer Ram2; wood carving master craftsman Siu Ping-keung with woodwork craftsman Chow Kin-lung; neon light craftsman Wu Chi-kai with woodwork art brand Start From Zero; and master minibus sign writer Mak Kam-sang with hand-painted signage artist Katol. The exhibition features a life-sized red minibus facade showcasing their iconic calligraphic artistry. These cross-disciplinary collaborations between seasoned design masters and a new generation of artists, exemplifies the perfect balance of tradition and innovation, highlighting Hong Kong design's unique appeal in combining international perspectives with local characteristics.Interactive art tech zone and local design showcaseThe exhibition features a dedicated art tech interactive zone, presenting creative performances by renowned local watercolour artist Pei Chung and real-time visual artist moon.noon. Pei Chung's exhibition not only showcases his signature jellyfish motifs but also incorporates Hong Kong's most iconic urban symbols, including dazzling neon signs, street-traversing trams and minibuses, and local culinary delights like pineapple buns. The exhibits incorporate interactive elements, allowing visitors to experience the creative fusion of watercolour art and digital technology.Real-time visual artist moon.noon brings an immersive art installation “Echoes of Urban Pulse”. The work consists of two installations. “Urban Mirage” which uses optical and sound data recorded on Hong Kong streets to present the city’s distinctive landscapes like Causeway Bay's Yee Wo Street Bridge and Central's Edinburgh Place pedestrian tunnel through over 2,000 different light states, offering visitors a unique sensory experience. The second installation, “Streetlight Sonata”, is an interactive art installation incorporating Hong Kong street light elements, with backgrounds changing according to visitors' movements and steps, creating unique light and shadow effects.Several renowned local design institutions will also participate in DesignInspire. The Hong Kong Design Institute will showcase its project Motifx, featuring distinctive household items using Chinese classical floral patterns, demonstrating the unique charm of traditional patterns in stylish homes and daily life. The HKDC Pavilion by Hong Kong Design Centre will display approximately 20 creations from the Fashion Incubation Programme (FIP) and Design Incubation Programme (DIP), along with over 200 DFA Design Award-winning works.Demonstrating the remarkable strength of local design, this year's DesignInspire will feature a Hong Kong Design On Stage zone, showcasing eight local design teams that won the Hong Kong section competition at Paris' Maison&Objet, including: Studio Yellowdot, Studio-Ryte, Hintegro Limited, Green & Associates (HK) Limited, @StreetsignHK, Monica Tsang Designs Limited, MLKK Design Studio Limited, and BEAU Architects.As a unique business-to-all platform for Hong Kong's creative industry, DesignInspire serves not only as a bridge connecting Hong Kong with the international design community but also a creative exchange platform that fosters collaboration among various stakeholders. The innovative works and concepts presented by event exhibitors not only showcase the latest design trends, they also emphasise how these innovations can be applied in business, providing rich inspiration and fresh ideas for various industries, particularly those focused on customer experience, such as real estate developers, retail, and service sectors (including hotels, shopping malls, chain restaurants, clubs, and airlines). Through advancements in spatial design, product design, material applications, and art technology, these industries can enhance their brand image and customer experience, ultimately attracting more consumers.Design seminars and workshops promoting Hong Kong craftsmanshipTo foster design innovation and exchange, the exhibition features InnoTalks with approximately 12 sessions by design experts from various countries and regions. Topics include font design, Xiaohongshu marketing, design trends promoting inclusion and social responsibility, future design: conscious design, storytelling through Bohemian glass, Chinese patterns and modern design, among other engaging subjects that stimulate creative thinking. The Design Council of Hong Kong will also hold the D-Mark certification ceremony and sharing session.This year's DesignInspire engages professionals, design enthusiasts, and the public through exhibitions, seminars, and workshops. The exhibition features diverse interactive experience zones and creative workshops, including art design and traditional crafts, where visitors can create Hong Kong-style iced lemon tea candles and cultural heritage bamboo coasters. STEAM education workshops offer Logiblocs programming and AR drawing activities to inspire innovative thinking. The venue also includes design select store in the Shop zone, featuring collectors' items from designers and brands, offering visitors the opportunity to purchase unique design pieces to add fashion and elegance to their own homes. Click here for registration.Additionally, three major events - the Business of IP Asia Forum, Entrepreneur Day and Start-up Express: International Edition 2024, will be held concurrently with DesignInspire at the Hong Kong Convention and Exhibition Centre on 5-6 December, creating synergy and business opportunities. Participants can also explore cooperation opportunities through one-on-one business matching to meet with various design service companies.DesignInspire DetailsDate: 5-7 December, 2024 (Thursday to Saturday)Time: 5-6 December 9:30am - 7:30pm 7 December 9:30am - 7:00pmVenue: Hall 3DE, Hong Kong Convention and Exhibition CentreFee: Free admission with registrationEvent website: https://designinspire.hktdc.com Photo download:DesignInspire organised by the HKTDC, co-organised by Hong Kong Design Centre (HKDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA), will return on 5-7 December.DesignInspire has formed its first strategic partnership with France's prestigious design fair Maison&Objet, which will present its first exhibition in Hong Kong, the Maison&Objet Factory.The design of Future Archive Kan Tai Keung’s artwork Li Ning’s artworkThe Future Archive, curated by award-winning designer and cross-disciplinary artist Chilai Howard, will showcase creative collaborations between seven pairs of veteran Hong Kong design masters and emerging talents, such as “Creating the Future” X “Big Steps” by Kan Tai Keung and Li Ning. Works by master minibus sign writer Mak Kam-sang and renowned hand-painted signage artist Katol. The duo will create their iconic handwritten typography "Better Future" on a life-sized red minibus facade, to echo this year's DesignInspire theme. The work will be displayed in the Future Archive pavilion during the exhibition.The exhibition features an art tech interactive zone, presenting works by renowned local watercolour artist Pei Chung and real-time visual artist moon.noon. Pei Chung's exhibits incorporate Hong Kong's most iconic urban symbols with interactive elements, allowing visitors to experience the creative fusion of watercolour art and digital technology.Real-time visual artist moon.noon brings an immersive art installation, “Echoes of Urban Pulse”. The “Urban Mirage” zone uses optical and sound data collected from Hong Kong streets, to present Hong Kong's distinctive landscapes through over 2,000 different light states, while the “Streetlight Sonata” zone is an interactive art installation incorporating Hong Kong street light elements, with backgrounds changing according to visitors' movements and steps, creating unique light and shadow effects.Media enquiriesFor enquiries, please contact:Raconteur PR:Betsy TseTel: (852) 9742 7338Email:betsytse@raconteur.hkMolisa LauTel: (852) 6187 7786Email:molisalau@raconteur.hkHKTDC Communication and Public Affairs Department:Snowy ChanTel: (852) 2584 4525 Email:snowy.sn.chan@hktdc.orgJohnny Tsui Tel: (852) 2584 4395Email:johnny.cy.tsui@hktdc.orgHKTDC Newsroom:http://mediaroom.hktdc.com/enAbout the HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong ’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.About Cultural and Creative Industries Development Agency (CCIDA)The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan.CCIDA’s website: www.ccidahk.gov.hk.About BODWBusiness of Design Week (BODW), Asia’s premier annual event on design, innovation and brands since 2002, is organised by Hong Kong Design Centre and gathers some of the world’s foremost design masters, brand leaders and entrepreneurs from Hong Kong as well as overseas, driving discourse on the value of design and innovation to inspire global audiences and explore new business opportunities. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Mailbird Expands to Mac: Popular Windows Email Client Launches Much-Anticipated Mac App ACN Newswire

Mailbird Expands to Mac: Popular Windows Email Client Launches Much-Anticipated Mac App

SACRAMENTO, CA, Nov 20, 2024 - (ACN Newswire via SeaPRwire.com) - Mailbird, the email client trusted by millions of Windows users worldwide, is now available for Mac. After years of user anticipation, Mailbird's Mac app brings the same clutter-free simplicity and clean design language to Apple fans.Mailbird for Mac"The launching of Mailbird for Mac marks a truly significant point in our company vision," said Alexis Dollé, Head of Growth at Mailbird. "Although we originally designed Mailbird for Windows, we always envisioned presenting our customers with a cross-platform app so they can enjoy a unified email experience no matter where they are. Mailbird for Mac is the first step towards achieving that goal."Focusing on customers' needs is nothing new to Mailbird. With user-favorite features-unified inbox, email tracking, third-party app integrations, advanced search capabilities, folders, and email signatures-Mailbird for Mac possesses the same design and useability DNA that makes the Windows version so popular."We listen closely to our customers, and the launch of Mailbird for Mac is a direct response to the demand from our Apple community," said Michael Olsen, co-founder, CEO, and CTO of Mailbird. "Our goal has always been to simplify email management and make our customers' lives easier. Now, Mac users can experience the productivity boost our Windows users have come to love. Our team is elated about this step forward and bringing even more value to our growing community."In addition to inbox management, Mailbird allows users to create their own productivity workspace within the app by connecting their favorite tools. From Facebook, X, and LinkedIn to Dropbox, Trello, and ChatGPT-Mailbird's integrations empower people with the flexibility to turn their inbox into an efficiency hub.To learn more about Mailbird, its pricing, and its current promotions, visit: https://www.getmailbird.com.About MailbirdMailbird is one of the most popular email clients worldwide, with more than four million downloads to date and 25+ million emails processed monthly. It lets users manage their business and personal emails in one place, offering customizable themes and features like email signatures, tracking, and folders.Mailbird also integrates with social media, task management, and collaboration platforms such as Asana, Slack, ChatGPT, and Google Workspace to help reduce app overload and boost efficiency.Founded in Bali 12 years ago by a fully remote team, Mailbird embraced a global team culture long before it became mainstream. These efforts earned the company multiple Stevie Awards, and its software was named "the best email client for Windows" by PCWorld.Mailbird's core mission is to create a frustration-free email experience, simplify digital communication, and enhance people's productivity. To learn more about Mailbird and try the app for free, visit https://www.getmailbird.com.Contact InformationAlexis DolleHead of Growthad@getmailbird.com1-650-644-1361SOURCE: Mailbird Inc Copyright 2024 ACN Newswire via SeaPRwire.com.
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BIP Asia Forum and Entrepreneur Day Returns in December ACN Newswire

BIP Asia Forum and Entrepreneur Day Returns in December

HONG KONG, Nov 20, 2024 - (ACN Newswire via SeaPRwire.com) - The 14th Business of IP Asia Forum (BIP Asia Forum), jointly organised by the Hong Kong Special Administrative Region Government (HKSAR) and Hong Kong Trade Development Council (HKTDC), and the 16th Entrepreneur Day (E-Day), hosted by the HKTDC, will be held from 5 to 6 December at the Hong Kong Convention and Exhibition Centre.Through forums, exhibitions, competitions, workshops, and business matching sessions, BIP Asia Forum and E-Day combine to provide an ideal platform for start-ups and small and medium-sized enterprises (SMEs) to discover the potential of intellectual property (IP) and explore business growth opportunities.Under China's 14th Five-Year Plan, Hong Kong is positioned as a development centre for eight key areas, including an international innovation and technology hub and a regional intellectual property trading centre. The HKSAR’s Policy Address further proposes expanding the IP trading ecosystem for the innovation and technology and cultural and creative industries, creating favourable conditions for Hong Kong's development in these areas.Stephen Liang, Assistant Executive Director of the HKTDC, said: “The HKTDC is dedicated to promoting the development of new quality productive forces in Hong Kong and exploring new engines for economic growth. BIP Asia Forum and E-Day play a vital role in transforming Hong Kong into an international innovation and technology hub and a regional IP trading centre. The two events bring together over 130 industry leaders and more than 360 exhibitors from the IP industry, innovation and technology sector, and start-up community helping participants seize opportunities in the Greater Bay Area, ASEAN, and beyond. A highlight this year will be the Global Tech Summit which will enable attendees to explore the impact of AI across industries with valuable insights and experiences from industry experts."BIP Asia Forum Unlocks Potential of IPThe theme of this year's BIP Asia Forum is “Reimagining IP for Impact and Growth”. Featuring more than 90 speakers, the Forum will explore the immense potential of IP in nurturing innovation and entrepreneurship and driving impactful economic and social development on a global scale. More than 40 exhibitors from some 10 countries and regions will showcase their solution and projects.Dr Peter KN Lam, Chairman of the HKTDC, and Hu Wenhui, Deputy Commissioner of the China National Intellectual Property Administration (CNIPA), will speak at the opening ceremony, while Xaysomphet Norasingh, Chairman of the ASEAN Working Group on Intellectual Property Cooperation, and Wang Binying, Deputy Director General of the World Intellectual Property Organization (WIPO), will discuss the latest trends and developments in IP during the Policy Dialogue.The Plenary Session, titled “Unlocking Business Success with IPs”, will feature Michael Moriarty, Managing Director of Hong Kong Disneyland Resort, Guy Riddell, Managing Director of Peninsula Merchandising Limited, and Na Wei, Senior Director of IP Licensing at Xiaomi, sharing their insights on how to leverage effective branding and IP strategies, along with technological advancements, to unlock business potential and create opportunities.This year's Global Tech Summit will feature dedicated sessions focusing on the impact of AI on various industries, including communications, food and agriculture, sports, and Web3. Beatrice Ho, Co-founder of Mushroom-X; Philip Ng, Founder and CEO of AI Farming Technology (Hong Kong) Limited; Nick Balke, Head of Sales, APAC & EMEA at KUDO Inc.; and Cerena Ip, CEO and Founder of Welldify, will share the latest application trends and business expansion opportunities in their respective industries. In the Startup Playbook series, Sun Choi, Founding Partner of 2080 Ventures; Fred Li, Senior Executive Director of Gobi Partners GBA; and Andrew Young, Advisor at Sino Group and Executive Director at Ficus Technology Holdings, will provide start-ups with practical tips on global expansion, venture capital, and IP strategies.The two-day forum will also feature various thematic sessions. The ASEAN Session, hosted by the ASEAN Secretariat and the Intellectual Property Department of the HKSAR Government, will discuss IP in the arts, cultural, and creative industries. Another highlight, “Reimagining Content IP”, will feature Jake Hwang, Chief Manager of Story IP Business at Kakao Entertainment Corp., sharing insights on IP related to popular Korean dramas, webcomics, and web novels. Theodora Lau, Founder of Unconventional Ventures, will analyse AI ethical issues in the session “Responsibility of AI: Ethics, Inclusion, Impact”. This year's forum will also introduce a new session on IP valuation and financing, sharing strategies and helping attendees understand how to leverage intangible assets as a valuable financing tool for businesses.This year's Innovation and IP Market, themed “Smart City Innovation”, will showcase more than 20 innovative projects from universities, R&D centres, service providers, and IP service agencies in areas such as smart cities, digital business, smart living, AI and robotics, and transportation, facilitating industry exchange, partnership building, and business networking.Entrepreneur Day Explores New Business Opportunities in the Tech Era “Where Start-up Dreams Take Flight” is the theme for this year’s E-Day and will feature an exhibition with more than 320 start-ups, inventor projects, and start-up support services from 10 countries and regions. During the two-day exhibition, some 15 events will be organised, with business leaders sharing and exchanging insights on the latest start-up and investment trends.E-Day has so far attracted exhibitors from various countries and regions including the first ever Thailand pavilion, organised by the Department of International Trade Promotion under the Ministry of Commerce of Thailand, which will feature 10 key start-ups from Thailand. The Australian pavilion, led by Investment New South Wales (NSW), will also participate for the second consecutive year, presenting green tech start-ups to explore potential opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).The HKSAR’s Digital Policy Office is also joining E-Day for the first time to showcase over 30 award-winning local technology projects at the Hong Kong Innovation Pavilion and the Hong Kong Exporters' Association will once again co-organise the annual Asia Exhibition of Innovations and Inventions with Geneva Palexpo, and showcasing over 120 innovative projects from Asia at E-Day.The Symposium of the Alliance of Hong Kong Youth Innovation and Entrepreneurial Bases in the Greater Bay Area, hosted by the Home and Youth Affairs Bureau, will invite the Alliance and start-ups under the Funding Scheme for Youth Entrepreneurship in the GBA to share their success stories and promote the high-quality development of youth innovation and entrepreneurial bases in the region. Shenzhen Qianhai DreamWorks Operation Co., Ltd., an innovation and entrepreneurship platform, and Hexcubes will join investors and stakeholders in sharing insights at the event.E-Day seminars will cover four main themes: Inspirational Masterclass, Start-up 101, Global Tech Summit, and Uncovering Hidden Gems. On the first day, “T-Chat – Changes, Challenges and Chances: A Startup's Guide to Navigating the AI Era” will feature Martin Karafilis, CEO of Fishburners and award-winning entrepreneur, and Keith Jackson, Chairman of Hong Kong UK Business Forum and renowned business consultant, discussing the innovative mindset entrepreneurs must possess in the rapidly developing era of AI and sharing strategies for leading start-ups to success.The “Rising Stars: Gen Z Entrepreneurs” seminar and Start-up Mixer, co-organised with the Hong Kong Federation of Youth Groups, will be held on the second day, bringing together outstanding young founders to explore how to leverage technology to reshape the business landscape. The seminar will explore their key success factors, the challenges they face, and how they use innovative strategies to realise their ambitious visions.Start-up Express International, supported by partners from Mainland China, France, Germany, Italy, United Kingdom, Denmark, Sweden, Taiwan, Japan, South Korea, Singapore, Thailand, Vietnam, Australia, the United States and United Arab Emirate, will feature ten global winning start-ups to share and exchange insights.The HKTDC and Hang Seng Bank's one-stop platform, InnoClub, will also host the InnoClub Award Presentation Ceremony and Networking Reception to recognise the outstanding achievements of its members in innovation and technology, with award winners sharing their success stories. There will also be a networking reception for start-ups, investors, and business partners to connect and create business opportunities.In addition, DesignInspire will be held concurrently with BIP Asia Forum and E-Day from 5 to 7 December at the same venue. The event will bring together numerous local and international design superstars, providing an exciting design experience for the industry and the public. The three events aim to create synergy and generate more business opportunities for the industry.Websites:Business of IP Asia Forum: https://bipasia.hktdc.com/en/Entrepreneur Day: https://portal.hktdc.com/eday/enStart-up Express International: https://portal.hktdc.com/startupexpress/en/s/start-up-express-internationalMedia Registration:Media representatives can pre-register by completing the form below and emailing it to hktdc@hkstrategies.com by 4 December to receive a confirmation email and access the websites of the exhibitions and conferences. *********************** Media Registration Form *****************************EmailSurnameFirst NameMedia OrganisationCountry/RegionPositionTelephone For media interviews with conference speakers, please email the interviewee and questions to hktdc@hkstrategies.com by 26 November.Photo Download: https://bit.ly/3OiHWQaThe 14th BIP Asia Forum, jointly organised by the HKSAR Government and the HKTDC, will be held from 5 to 6 December 2024 at the Hong Kong Convention and Exhibition Centre(The photo shows last year’s event )(From left to right) On the first day, during the Policy Dialogue, Xaysomphet Norasingh, Chairman of the ASEAN Working Group on Intellectual Property Cooperation, and Wang Binying, Deputy Director General of the World Intellectual Property Organization, will discuss the latest trends and policy developments in global IP markets(From left to right) The “Unlocking Business Success with IPs” Plenary Session will feature Michael Moriarty, Managing Director of Hong Kong Disneyland Resort, Guy Riddell, Managing Director of Peninsula Merchandising Limited, and Na Wei, Senior Director of IP Licensing at Xiaomi, who will share how to leverage effective branding and IP strategies, and technological advancements to unlock business potentials and create opportunitiesThe 16th Entrepreneur Day will be themed “Where Start-up Dreams Take Flight” and the exhibition will bring together over 320 start-ups, inventor projects, and support services, helping start-ups and SMEs to understand market trends. The photo shows the 15th E-Day last year(From left to right) The first day's “T-Chat – Changes, Challenges and Chances: A Startup's Guide to Navigating the AI Era” at E-Day will feature Martin Karafilis, CEO of Fishburners and award-winning entrepreneur, and Keith Jackson, Chairman of the Hong Kong UK Business Forum and renowned business consultant, as keynote speakers. They will discuss the innovative mindset entrepreneurs must possess in the rapidly developing era of AI and share strategies for leading start-ups to success(From left to right) “Rising Stars: Gen Z Entrepreneurs” brings together Ryan Lee, Chief Financial Officer of OAO Limited; Maurice Chang, CEO and Co-founder of Mindplus AI; and Ugochi Owo, CEO of Flindel, to explore how to leverage technology to reshape the business landscapeMedia EnquiriesFor enquiries, please contact:Burson:Wing Chan Tel: (852) 9518 4326 Email: wing.chan@hillandknowlton.comRachel Zhu Tel: (852) 6816 5846 Email: rachel.zhu@hillandknowlton.comHKTDC's Communication & Public Affairs Department:Katy Wong Tel: (852) 2584 4524 Email: katy.ky.wong@hktdc.orgJane Cheung Tel: (852) 2584 4137 Email: jane.mh.cheung@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.com/enAbout the HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong ’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.
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TGL Presented by SoFi Names SYNLawn As Official Synthetic Surface Partner, Providing 31,000 Square Feet of Turf for SoFi Center’s Tech-Infused Field of Play ACN Newswire

TGL Presented by SoFi Names SYNLawn As Official Synthetic Surface Partner, Providing 31,000 Square Feet of Turf for SoFi Center’s Tech-Infused Field of Play

DALTON, GA, Nov 21, 2024 - (ACN Newswire via SeaPRwire.com) - TGL presented by SoFi, the new, prime time team golf league backed by Tiger Woods and Rory McIlroy's TMRW Sports, announced SYNLawn as its Official Synthetic Surface Partner. SYNLawn has installed approximately 31,000 square feet of its industry-leading products across the field of play in the custom-built SoFi Center, home to TGL's upcoming season of prime time golf featuring six teams of PGA TOUR stars. Required to meet the standards of the best players in world, TGL conducted years of research to ensure the indoor, synthetic playing surface of the short-game complex was as authentic as possible compared to what these players experience regularly on professional tours."We consider the synthetic playing surface within SoFi Center to be an important part of the overall technology mix that makes TGL possible, and that commitment was underscored by more than two years of research and testing we conducted to achieve the end result," said Andrew Macaulay, Chief Technology Officer, TMRW Sports. "SYNLawn's expertise, commitment to quality, and innovative products redefined our expectations for synthetic playing surfaces and the teams of TGL players have shared high praise for the playing conditions and receptiveness of the green.""We're thrilled to partner with TGL presented by SoFi and bring SYNLawn's innovative synthetic turf solutions to such an exciting and forward-thinking sports platform. This partnership not only showcases the durability and performance of SYNLawn products, but also aligns with our commitment to advancing the future of sports and recreation," said George Neagle, President, SYNLawn. "We look forward to seeing our turf systems featured in a way that inspires athletes and fans alike, while contributing to the elevated experience TGL is creating for sports fans.""The momentum we're generating with commercial partners has been increasing significantly as we near the season launch of TGL in January. And as we pull back the veil and transition from renderings to now showcasing TGL's tech-infused playing field being played by the top golfers in the world - the intrigue about the unprecedented scale of what we're building continues to soar," said Jason Langwell, Chief Revenue Officer at TMRW Sports. "Best-in-class partners like SYNLawn are an example of a partnership that showcases not only their product directly, but how the shared values of innovation and quality merge between TGL and our partners."SYNLawn's hand-in-hand partnership with TGL is allowing their teams of pro golfers to compete on a unique system that blends technology and one-of-a-kind synthetic surfacing. For portions of TGL's competition, teams will also be hitting shots from boxes of real grass at fairway and rough length, as well as from real sand bunkers. Precision Putt™ provides advanced surfacing characteristics of speed and the truest roll possible and contributes to SoFi Center's proper bounce, check, and roll playing conditions. SYNLawn products used within TGL's technology mix also easily contours to meet the field of play's precise design specifications, including Precision Putt™, SYNTipede 243, Tee Strike, SYNSport, and SYNBlue 949. SYNLawn's GreensMaster Certificated Installers ensure clients receive best-in-class installation, design, and technical expertise.TGL presented by SoFi Media Hub:The TGL presented by SoFi Media Hub is now open, offering media members a wide selection of downloadable assets, such as explainer content; league and team logos; player and team images; schedule information; and more. Images of SYNLawn's installation within SoFi Center are also available. Register now to gain access: www.tglmediahub.comAbout TGL presented by SoFiTGL presented by SoFi features six teams of top PGA TOUR players competing in a season-long, fast-paced competition that brings golf to prime time on Mondays and Tuesdays. TGL's home is the custom-built SoFi Center, a tech-infused venue on the campus of Palm Beach State College in Palm Beach Gardens, Fla. TGL's inaugural season begins Tuesday, Jan. 7 in prime time on ESPN and ESPN+ in the U.S. and with other prominent media partners around the globe. TGL's six teams include Atlanta Drive GC, Boston Common Golf, Jupiter Links Golf Club, Los Angeles Golf Club, New York Golf Club, and The Bay Golf Club. To learn more about TGL, its teams, rosters, competitive format, and technology, visit TGL Explained.About SYNLawn®For more than 20 years, SYNLawn® has led the industry as the largest manufacturer and unrivaled innovator of artificial grass and synthetic surfacing. As part of the Sport Group Holding® family of companies, SYNLawn delivers the best products available on the market. SYNLawn's product offerings also include Calico Greens™, an upscale line of artificial wall displays. SYNLawn's turnkey network of over 120 distributors seamlessly combines environmental stewardship with industry-leading innovations. SYNLawn uses PCR content and bio-based ingredients, such as soy and sugarcane, and consumer-conscious additives, such as antimicrobials, to meet customers' wide range of needs. With more than 350,000 residential and commercial installations, the company is raising the bar for global synthetic turf standards and transforming the idea of grass. We have an award-winning, proprietary system with a large percentage of renewable content. From rooftops to road medians and rocket-launch viewing sites, SYNLawn has installed over 150 million square feet of U.S. soy-backed grass in the United States of America and over 30 other countries since 2008. SYNLawn added more soy than ever to its products in 2021. For more information, visit www.SYNLawn.com and follow on Facebook, Instagram, LinkedIn, Pinterest and YouTube.TGL presented by SoFi Media Contact:David SchaeferBusiness CommunicationsDavid.Schaefer@TMRWSportsGroup.com+46702877637 (mobile and WhatsApp)407-429-8402 (U.S. mobile)SYNLawn Media Contact and for Product Photos:Mackenzie Smith574-524-5916 (mobile)mackenzie@labearcommunications.comContact InformationSYNLawn Media Contact and for Product Photos:Mack Smithmackenzie@labearcommunications.com574-524-5916TGL presented by SoFi Media Contact:David SchaeferBusiness Communicationsdavid.schaefer@tmrwsportsgroup.com407-429-8402 (U.S. mobile)SOURCE: SYNLawn Copyright 2024 ACN Newswire via SeaPRwire.com.
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Everest Medicines Announces NEFECON(R)’s Full Approval in South Korea

HONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - Today, Everest Medicines announced that NEFECON(R) has received full approval from the Ministry of Food and Drug Safety (MFDS) in South Korea, indicated for the treatment of adults with primary immunoglobulin A nephropathy (IgAN) with a urine protein excretion ≥1.0 g/day (or urine protein-to-creatinine ratio ≥0.8 g/g). This approval further expands NEFECON(R)’s footprint in Asia and provides Asian patients with a groundbreaking etiological treatment option for IgAN.Rogers Yongqing Luo, Chief Executive Officer of Everest Medicines, expressed his excitement about the approval: “As the world's first and only IgAN etiological treatment drug fully approved by the U.S. Food and Drug Administration (FDA), NEFECON(R) will provide a new treatment option for patients in South Korea. We will continue to work on enhancing the accessibility and affordability of NEFECON(R) across Asia to meet the urgent needs of more IgAN patients for this innovative therapy.”NEFECON(R) is the first and only fully approved etiological treatment for IgAN, with its clinical value widely recognized by the global medical community. The approval of NEFECON(R) in South Korea is based on the global Phase 3 NefIgArd clinical trial, which showed that compared to placebo, NEFECON(R) not only brought about a sustained reduction in proteinuria and reduced the frequency of microscopic hematuria but also demonstrated clinically relevant and statistically significant treatment benefits in estimated glomerular filtration rate (eGFR). The study further revealed that NEFECON(R) reduces the decline in kidney function by 50%, over a period of 2 years, comprising 9 months of treatment and 15 months of observation, and potentially delay the progression to dialysis or kidney transplantation by 12.8 years.Studies have shown that IgAN is highly prevalent among Asian populations, with a 56% higher risk of progression to end-stage renal disease compared to other groups, and often progresses more rapidly. The approval of NEFECON(R) in South Korea provides a breakthrough treatment option for IgAN patients in Asia and highlights its significant commercial potential in the region.This milestone is further evidence of Everest Medicines’ robust global commercialization capabilities. Earlier this year, NEFECON(R) issued its first prescription in mainland China, with subsequent approvals in Macau, Hong Kong, Singapore (marketed as Nefegan(R)), and Taiwan China. According to the company’s interim report, NEFECON(R) achieved RMB 167.3 million in sales within just over a month of its commercial launch in China, demonstrating strong market performance. The approval in South Korea further validates NEFECON(R)’s clinical value and commercial potential, opening new market opportunities and creating an important revenue growth driver for the company.Notably, NEFECON(R) participated in China’s National Reimbursement Drug List (NRDL) negotiations this year for the first time. Inclusion in the NRDL would significantly enhance its market penetration and affordability, accelerating its sales growth in China. Industry experts widely view NEFECON(R) as a potential blockbuster drug in the Chinese market, with the ability to drive Everest Medicines’ commercialization strategy while strengthening its competitive edge in both domestic and international markets. Copyright 2024 ACN Newswire via SeaPRwire.com.
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LQR House Inc. Board of Directors Approves Purchase of Up to $1M Bitcoin as Treasury Reserve Asset and Retention of Up to $10M Crypto Payments on CWSpirits.com ACN Newswire

LQR House Inc. Board of Directors Approves Purchase of Up to $1M Bitcoin as Treasury Reserve Asset and Retention of Up to $10M Crypto Payments on CWSpirits.com

MIAMI, FL, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche e-commerce platform specializing in the spirits and beverage industry, today announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin as part of its treasury management strategy.In addition, the Company will now accept cryptocurrency payments on CWSpirits.com, giving customers the flexibility to purchase alcohol using digital currencies. As part of this initiative, LQR House has adopted a policy to retain up to $10 million of these crypto payments in Bitcoin, reflecting the Company's confidence in the long-term potential and value of digital assets."As Bitcoin continues to gain traction as an accepted asset class, we see a unique opportunity to strengthen our treasury with an innovative investment," said Sean Dollinger, CEO of LQR House. "In our opinion, Bitcoin's inherent scarcity and finite supply position it as a modern hedge against inflation and a safe haven in times of economic uncertainty. We believe Bitcoin aligns with our forward-thinking strategy and complements our mission to drive innovation across all aspects of our business."While Bitcoin will now be integrated into LQR House's diversified strategy, the Company remains firmly committed to its core operations. This includes executing its previously announced cost-cutting initiatives aimed at enhancing profitability and collaborating closely with its new board members to define and implement the most effective strategies for sustainable growth.LQR House will monitor its Bitcoin holdings closely, ensuring they align with market conditions and the Company's cash flow requirements.About LQR House Inc.LQR House intends to become a prominent force in the wine and spirits e-commerce sector, epitomized by its flagship alcohol marketplace, cwspirits.com. This platform seamlessly delivers a diverse range of emerging, premium, and luxury spirits, wines, and champagnes from esteemed retail partners like Country Wine & Spirits. Functioning as a technology-driven hub, LQR House utilizes software, data analytics, and artificial intelligence to elevate the consumer experience. CWSpirits.com stands out as the go-to destination for modern, convenience-oriented shoppers, providing a curated selection of alcohol products delivered to homes across the United States. Beyond its role in an e-commerce sector, LQR House is a marketing agency with a specialized focus on the alcohol industry. The Company measures campaign success by directly correlating it with sales on CWSpirits.com, demonstrating a return on investment. Backed by an influential network of over 550 figures in the alcohol space, LQR House strategically drives traffic to CWSpirits.com, enhancing brand visibility. LQR House intends to disrupt the traditional landscape of the alcohol industry, driven by its dedication to providing an unparalleled online purchasing experience and delivering tailored marketing solutions.Forward-Looking StatementsCertain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Shareholders can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. Forward-looking statements contained in this press release are made only as of the date of this press release. 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 that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the United States Securities and Exchange Commission (the "SEC"). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the headings "Risk Factors". 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 described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.Investor and Media Contact:info@lqrhouse.comContact InformationSean DollingerCEOinfo@lqrhouse.comSOURCE: LQR House Copyright 2024 ACN Newswire via SeaPRwire.com.
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14th Asian Logistics, Maritime and Aviation Conference concludes today ACN Newswire

14th Asian Logistics, Maritime and Aviation Conference concludes today

- Over 80 experts and industry leaders in the maritime, air freight, logistics and supply chain sector shared insights on major issues facing the industry- The conference attracted some 2,200 participants from over 30 countries and regions- Strong participation and support from new and emerging markets, including ASEAN and Middle East, reinforced Hong Kong’s status as a ‘superconnector’ and ‘super value-adder’ between Mainland China and global marketsHONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - The 14th Asian Logistics, Maritime and Aviation Conference (ALMAC) jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC) concluded today. This year’s ALMAC featured over 80 experts and industry leaders from the maritime, air freight, logistics and supply chain sector speaking on major issues facing the industry at over 20 conference sessions. The conference attracted some 2,200 participants from over 30 countries and regions, providing a platform for industry players and shippers to explore global business opportunities and establish resilient and sustainable supply chains. This reinforces Hong Kong’s position as an international aviation hub and assists in its development into a high-quality green maritime fuel bunkering centre, thereby enhancing the international status and competitiveness of Hong Kong ports.Over 300 business-matching sessions were arranged, demonstrating Hong Kong’s status as a ‘superconnector’ and ‘super value-adder’ between Mainland China and global markets.Shaping resilient and sustainable supply chainsThemed “Shaping the Future of Supply Chains: Resilience and Sustainability”, multiple forums were hosted to address three major trends in the industry, namely supply chain transformation and new market opportunities, sustainability and green energy, and innovation and technology.In today's rapidly changing global landscape, the dynamics of supply chains are undergoing a substantial transformation. Effective supply chain management plays a pivotal role in combating uncertainty and future-proofing development of enterprises. In the session “Steering Business Growth: Building an Evolving Supply Chain”, Kalyan Chakravorty, Senior Director Global Productivity, Benchmarking & Analytics, MondelÄ“z International, shared his views on the challenges and the opportunities. "When we think about building resilience in a supply chain, we need to think about it as an ecosystem. No single person or single company runs the entire supply chain. It’s often difficult to replicate the entire ecosystem in a new place without challenges," he said.Jotaro Tamura, Senior Managing Executive Officer, Mitsui O.S.K. Lines, shared his thoughts on Hong Kong as an international shipping centre in the same session. " Hong Kong is connected to the maritime industry and the maritime industry is connected to Hong Kong, which makes Hong Kong significant in all aspects," he said.Potential new trade linesSupply chain disruption has exposed the vulnerabilities associated with concentrated distribution hubs. To build more resilient networks, businesses must explore alternative trade routes. In the session “Navigating New Trade Lines for Mitigating Disruptions”, Wilson Kwong, Chief Executive, Hong Kong Air Cargo Terminals, shared his perspective on Hong Kong as an international aviation hub, the city’s connectivity to global markets and new trade lines. "I think the government has to develop new trade links such as how the Hong Kong SAR government is working very closely with the Belt and Road countries and regions. With the commencement of the three-runway system, the cargo capacity of the Hong Kong International Airport will be raised to 10 million tonnes per annum in the next decade. This is certainly a milestone for us. At HACTL, we have never stopped investing. Working with a government that facilitates business, a business-friendly Airport Authority, and a very engaging and cooperative community, leads me to be very positive about the future," he said.Logistics efficiency through technologyInnovation and digitalisation play a pivotal role in improving the efficiency of global value chains. Speakers in the Logtech Forum: Amplifying Digital Supply Chains through Innovation and Integration session explored strategies for seamlessly integrating technologies across supply chains. Shamika N. Sirimanne, Director, Division on Technology and Logistics, UN Trade & Development shared her views on the strategies for seamless integration of various technologies across supply chains to optimise overall performance. “Compared to the other industrial revolutions of our past, starting from the steam engine and so forth, in this digital revolution the difference is that it's an extremely fast-moving technology and the windows of opportunity are open for a very short period. If you don’t capture it, then you lose something. It's a concern with this new technology. It's a different technology than what you have experienced,” she said.Local logistics talentThe Hong Kong’s NextGen Logistician Award Presentation Ceremony took place on the second day of the conference. Instituted by the Transport and Logistics Bureau in the Action Plan on Modern Logistics Development, the award aims to recognise young professionals in the logistics industry who have made significant achievements and shown remarkable potential in innovative, high-end, smart and green logistics. Liu Chun-san, Under Secretary for Transport and Logistics, HKSAR Government, presented the awards. Wendy Huang Shu-yao received the Emerging Talent Award, Queenie Yip Tsz-tung received the Young Professional Award, and Billy Yeung Wai-piu, Keno Cheung Tai-yip and Tyrell Au Ka-wai received the Young Executive Award.Photo Download: https://bit.ly/3UWXTPMThe 14th Asian Logistics, Maritime and Aviation Conference (ALMAC) jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC) concluded today, attracting some 2,200 participants from over 30 countries and regionsKalyan Chakravorty, Senior Director Global Productivity, Benchmarking & Analytics, MondelÄ“z InternationalJotaro Tamura, Senior Managing Executive Officer, Mitsui O.S.K. LinesWilson Kwong, Chief Executive, Hong Kong Air Cargo TerminalsShamika N. Sirimanne, Director, Division on Technology and Logistics, UN Trade & DevelopmentThe Hong Kong’s NextGen Logistician Award recognises young talent in the logistics industryOver 300 business-matching sessions were arranged, demonstrating Hong Kong’s status as the superconnector and super value-adder between Mainland China and global marketsALMAC: https://www.almac.hk/main/en/Media enquiriesYuan Tung Financial Relations:Agnes Yiu Tel: (852) 3428 5690 Email: ayiu@yuantung.com.hkEdmund Choi Tel: (852) 3428 2360 Email: echoi@yuantung.com.hkHKTDC Communications & Public Affairs Department:Stanley So Tel: (852) 2584 4049 Email: stanley.hp.so@hktdc.orgClayton Lauw Tel: (852) 2584 4472 Email: clayton.y.lauw@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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GMG Reaches Market Commercialisation Milestone on Energy Savings Coating THERMAL-XR(R) ACN Newswire

GMG Reaches Market Commercialisation Milestone on Energy Savings Coating THERMAL-XR(R)

Brisbane, Queensland, Australia--(ACN Newswire via SeaPRwire.com - November 19, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to provide a business update on the commercialisation progress of THERMAL-XR® Powered by GMG Graphene.SINGAPORE GREEN BUILDING COUNCIL PRODUCT APPROVALThe Singapore Green Building Council has approved THERMAL-XR to be certified as a Singapore Green Building Product (SGBP) under the category of Mechanical - ACMV - Coil Coating. It is the first thermal air conditioning coating to be approved as a SGBP - please see the attached link: https://web.sgbc.online/public/product/certificate/5/46/495/8867/2978.The SGBP Certification Scheme is one of the key standards and benchmarks for green building products in the building and construction industry. Products and materials certified as a SGBP are highly recognised under the Green Mark Certification Scheme, Singapore's national green building rating tool administered by the Building and Construction Authority (BCA), which allows certified products to accrue points that count towards a project's Green Mark rating. The more highly rated a product is under the SGBP Certification Scheme (i.e., the more ticks it has achieved), the more points are awarded towards the Green Mark rating.The SGBP Certification Scheme is also widely accepted by regional green building rating tools for its coverage of products' sustainability performance. Examples include GreenRE, a rating tool set up by the Real Estate & Housing Developments' Association (REHDA) of Malaysia, and LOTUS, Vietnam Green Building Council's rating tool. The SGBP Certification Scheme complies with many of the requirements in ISO 14024 Environmental labels and declarations - Type I environmental labelling.Figure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpgThe benefits of SGBP Certification include:FOR PRODUCT SUPPLIERS:Analysis of your product's sustainability performance by experts and certification by a credible sourceOpportunity and insight into how to further develop your products to be more sustainableGreater awareness of your product for use in our current and future buildingsFOR DESIGNERS/ SPECIFIERS:An overview of products that are certified sustainableAn understanding of how a product stacks up against others in terms of their sustainability performanceEasier decision-making when choosing more sustainable productsFOR BUILDERS/ OWNERS:An overview of products that are certified sustainableData around the environmental properties of the products you useA unique selling point for your building projectsFOR TENANTS/ OCCUPANTS:An understanding of how sustainable the spaces you live and work in areHealth benefits of living/working in a greener buildingOnce a product is certified, SGBC will issue the product a certificate. Only certified products will be listed on the SGBP Certification Directory, which is maintained on the Singapore Green Building Council's website. This Interactive Directory is actively used by building industry professionals such as consultants, contractors, building developers and owners. Stakeholders can demand that products/ materials used for a building are SGBP certified. Certified products can gain credits under various green building rating tools.USA EPA PRE-MANUFACTURE NOTICE SUBMISSION MADEGMG and Nu Calgon have submitted a Pre-Manufacture Notice ("PMN") in conjunction with its USA Environmental Protection Agency's ("EPA") application to import and sell THERMAL-XR® in the USA. The PMN application is expected to be approved in less than 12 months. The PMN application covers the use of the coating in various application methods in various industrial applications.GMG's Managing Director and CEO, Craig Nicol, commented: "The SGBP Certification is highly welcomed and comes after many years of working with our coating and carrying out many demonstration projects in Singapore with our distribution and coating partners. We also welcome the progress on the EPA submission with our Nu Calgon distribution partner."GMG's Chairman and Director, Jack Perkowski, commented: "THERMAL-XR® being recognised as a Singapore Green Building Product is a very good sign of all the hard work GMG has done there over the years. The USA HVAC after market for coatings is a substantial opportunity for GMG and so it is good to see the progress on the EPA submission as well."About THERMAL-XR® powered by GMG Graphene:THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDINGAbout GMG www.graphenemg.comGMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").GMG's 4 critical business objectives are:Produce Graphene and improve/scale cell production processesBuild Revenue from Energy Savings ProductsDevelop Next-Generation BatteryDevelop Supply Chain, Partners & Project Execution CapabilityFor further information please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the receipt, timing and nature of approval by the EPA of the PMN application and the opportunity represented by the USA HVAC after market for coatings. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding that the EPA will approve the PMN application and on the timing anticipated, that the content of the EPA's approval will be as anticipated, and that the USA HVAC after market for coatings is a substantial opportunity for the Company. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the EPA will not approve the PMN application on the timing anticipated or at all, that the content of the EPA's approval will not be as anticipated, that the USA HVAC after market for coatings is not a substantial opportunity for the Company, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230564 Copyright 2024 ACN Newswire via SeaPRwire.com.
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JBM Healthcare Announces FY2025 Interim Results ACN Newswire

JBM Healthcare Announces FY2025 Interim Results

KEY HIGHLIGHTS- Revenue up by 22.1% to HK$399.0 million- Gross profit increased by 20.3% to HK$205.9 million- Consolidated profit attributable to equity shareholders grew by 53.4% to HK$95.9 million- Interim dividend of HK5.50 cents per share, up by 59.4% year-on-year- Flagship proprietary brands Ho Chai Kung and Po Chai Pills achieved robust growth through effective integrated sales and marketing strategies- Concentrated Chinese medicine granules (“CCMG”) business displayed solid growth momentum, contributing to operational performanceHONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - JBM (Healthcare) Limited ("JBM Healthcare" or the "Company"; Stock Code: 2161, together with its subsidiaries, the "Group"), a leading branded healthcare products marketer and distributor in Hong Kong, today announced the interim results of the Group for the six months ended 30 September 2024 ("FY2025 Interim" or the "Reporting Period").During the Reporting Period, the Group's branded healthcare business delivered exceptional performance. Revenue reached HK$399.0 million, representing a notable period-on-period growth of 22.1%. The Group's gross profit for the same period reached HK$205.9 million, representing an increase of 20.3%. In the first half of fiscal year 2025, the consolidated profit attributable to equity shareholders grew by 53.4% to HK$95.9 million.The Group's robust performance was propelled by the outstanding sales from flagship brands, with Ho Chai Kung leading in branded medicines and Po Chai Pills excelling in proprietary Chinese medicines. Additionally, the CCMG business of the Group sustained solid growth momentum. These results reflect the successful execution of integrated sales and marketing strategies across both offline and online channels, effectively capitalising on expanding demand for consumer healthcare products in Hong Kong, Macau, and Greater Bay Area.The Board has declared the payment of an interim dividend of HK5.50 cents per share, up by 59.4% year-on-year.Notable Growth Across SegmentsIn the branded medicines business, sales revenue grew by 23.9%, which was led by sustained momentum in Ho Chai Kung product sales. As a leading household name in over-the-counter pain relief and fever medications, Ho Chai Kung strengthened its market presence through targeted brand marketing and sales initiatives. The brand enhanced its appeal to young consumers by ramping up its social media efforts, particularly on platforms like Xiaohongshu and Douyin, aligning with digital trends and expanding its reach among Mainland Chinese youth.In the proprietary Chinese medicines segment, sales rose 17.9%, driven by the strong performance of Po Chai Pills and the sustained growth of the CCMG business. As part of its ongoing strategy to boost brand awareness, Po Chai Pills strategically aired its TV commercial featuring renowned singer Ivana Wong as a brand ambassador during peak sales periods to enhance consumer recall. Additionally, Po Chai Pills gained further visibility by title-sponsoring the popular TVB program "Midlife Sing & Shine! 3", reaching a broad television audience.In the health and wellness products segment, sales revenue increased by 38.9%, driven by the steady growth of Oncotype DX Breast Cancer Recurrence Score Test (“Oncotype DX”), along with expanded product offerings and enhanced marketing efforts targeting the mass wellness market. Oncotype DX has gained increasing recognition among healthcare professionals in Hong Kong and Macau, particularly in the public sector. To further support growth, the Group launched a patient care program with the Hong Kong Breast Cancer Foundation, enabling public hospital patients to receive reimbursement for the test if it indicates the need for additional chemotherapy.Cross-Border E-Commerce and TCM Sector ExpansionThe Group has made positive strides in expanding its online presence, particularly on cross-border e-commerce platforms, while strategically positioning itself to capitalise on the growing traditional Chinese medicine ("TCM") sector in Hong Kong and the Greater Bay Area. Flagship stores for Ho Chai Kung, Po Chai Pills, CCMG, and Jacobson Medical have been launched on the Tmall Global, strengthening brand presence and extending reach in Mainland China. These initiatives have significantly enhanced brand visibility and image among Mainland Chinese consumers.Mr. Patrick Wong, Chief Executive Officer of JBM Healthcare, commented, "Despite a challenging retail environment during the Reporting Period, the Group delivered strong performance driven by our robust portfolio, effective brand management, and enhanced commercial execution, with particular success in our flagship proprietary brands.""Looking ahead, we remain optimistic and confident in the Group's strategic positioning for sustained growth. Key market dynamics, including sedentary lifestyles, increasing health consciousness driven by improving living standards, and aging populations, are collectively fueling growth momentum in consumer healthcare demand. We are committed to operational excellence and growth strategies that focus on enriching our product portfolio, strengthening commercial capabilities, and broadening our sales platforms and geographic reach."About JBM (Healthcare) Limited (Stock Code: 2161)JBM Healthcare is a Hong Kong-based company that markets and distributes branded healthcare products across Greater China, Southeast Asia, and other select countries. The Group is a distinctive player in the sector with marketing expertise and heritage in pharmaceuticals that prioritises product efficacy and quality to meet consumers' healthcare needs. As a renowned healthcare brand operator in Hong Kong, the Group carries a wide-ranging portfolio of branded healthcare products comprising branded medicines, proprietary Chinese medicines, and health and wellness products, which include well-recognised household brands such as Po Chai Pills, Ho Chai Kung Tji Thung San, Contractubex, Mederma for Kids, Tong Tai Chung Woodlok Oil, Flying Eagle Woodlok Oil, Saplingtan, Shiling Oil and Konsodona Medicated Oil. JBM Healthcare has been a constituent stock of the MSCI Hong Kong Micro Cap Index since 27 May 2021. For more details about JBM Healthcare, please visit: www.jbmhealthcare.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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Fourth Paradigm’s Platform Business Grew by 50.2% in the First Three Quarters ACN Newswire

Fourth Paradigm’s Platform Business Grew by 50.2% in the First Three Quarters

HONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - Beijing Fourth Paradigm Technology Co., Ltd. (“Fourth Paradigm” or the “Company”, Stock Code: 6682.HK) announced its core business update for the period ended September 30, 2024. The Company achieved a revenue of RMB3.2 billion in the first three quarters of this year, marking a 26.1% year-on-year increase. The gross profit reached RMB1.4 billion, showing a 12.5% year-on-year growth.The company's core business, the Sage AI platform, has shown significant growth, generating a revenue of RMB2.2 billion, representing a year-on-year increase of 50.2%. According to data from International Data Corporation (IDC), a reputable international research institution, Fourth Paradigm has consistently ranked first in the machine learning platform sector in China in terms of market share for six consecutive years.The Company continues to enhance key capabilities within the Sage AI platform, such as AI Agent and GPU resource pooling, and has successfully achieved end-to-end capabilities in computing power, platform infrastructure, model development, and application deployment. Through the "Sage Inside" model, Fourth Paradigm has efficiently developed over 40 artificial intelligence products, significantly expanding the boundaries of industrial ecosystems and empowering various industries with artificial intelligence applications.In the first three quarters, Fourth Paradigm has seen a continual improvement in customer service depth and user engagement. The Company has focused on industries such as transportation, energy and power, finance, and telecommunications, with a total of 224 corporate users, including 98 lighthouse users. On average, lighthouse users, namely Global Fortune 500 companies and publicly listed companies, contribute approximately RMB14.9 million in revenue.The core business grew by 50.2%, with the "Sage Inside" model and 40 AI products driving long-term growthThe Fourth Paradigm Sage AI platform serves as the nucleus of all operations of the Company. In the first three quarters, the industry-leading large model development and management platform, "Sage AI Platform 5.0", has achieved end-to-end capabilities in computing power, platform infrastructure, model development, and application deployment. The AI platform continues to optimize key capabilities such as AI Agents, GPU resource pooling, and unified model hosting. It also integrates generative AI with various ecosystem products and solutions to advance the deployment of generative AI.For instance, AI Agent has enhanced the precision of complex reasoning and execution, covering the entire lifecycle from large model Agent design, development, commissioning, deployment, operational analysis, to self-learning optimization, providing a stable and reliable support for Agent production applications. Additionally, the Company has further improved AI Coding products in terms of enterprise-side product functionality and application effectiveness, thus reducing development barriers, enhancing code development efficiency, and transforming enterprise software interaction methods to scale up AI application development.The Company continues to innovate AI business application models, scaling the construction of AI products applicable to various scenarios through the "Sage Inside" model. As of September 30, 2024, under this model, the Company has developed over 40 AI products, including solutions like intelligent mouse solution, intelligent meeting solution, vGPU, AI Data Foundry, large model toolchains, the integrated platform "Tianshu" for search, advertising and promotion, Model Hub for large model hosting, intelligent number query, AI digital human video generation platform, Smart Archive 2.0 for document digitization management, AI+5G video marketing, AI quality inspection systems, 3D scanning and modeling devices, and many more. These AI products have been widely applied in enterprises, expanding the industry coverage of the Sage AI platform and providing long-term growth impetus for the Company's future business development.AI Agent empowers multiple solutions, scaling the development of industry large models with demonstrative significanceDuring the period, Fourth Paradigm further expanded the coverage and penetration of its technology and products across multiple industries and scenarios. In terms of product feature iterations, the Company integrated AI Agent capabilities into AIGS Builder, AIGS CodeX, and various intelligent hardware solutions, enabling products to achieve more complex reasoning and execution capabilities. Moreover, the AI Agent based on reinforcement learning technology has formed a self-learning loop, where the more users engage with it, the stronger the model's reasoning and execution capabilities become.During the period, the Company collaborated with lighthouse users to jointly create a set of industry-leading large models with demonstrative significance, accelerating the widespread application of AI technology across various industries.In the field of transportation, the Company partnered with a globally leading port group to build a large model for port supply chain management, providing intelligent capabilities for the transformation of comprehensive port supply chain services and promoting sustainable applications of large models in the port and maritime industries and related businesses. For academic translation, the Company collaborated with Modern Press to establish the first professional publishing large model in China, elevating the translation quality of large models to academic publication standards. Compared to general-purpose large models in professional book translations, this large model showed an improvement of over 30% in BLEU (BLEU: a mainstream evaluation standard for machine translation, primarily assessing translation quality by comparing the similarity between machine-translated results and human reference translations), meeting the high-accuracy translation demands of academic verticals. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Darwinbox Rises as a Challenger in Gartner’s Magic Quadrant for Cloud HCM Suites ACN Newswire

Darwinbox Rises as a Challenger in Gartner’s Magic Quadrant for Cloud HCM Suites

MANILA, Nov 18, 2024 - (ACN Newswire via SeaPRwire.com) - Darwinbox, a globally recognized HR technology platform, has been named a Challenger in the 2024 Gartner Magic Quadrant for Cloud HCM Suites for enterprises with over 1,000 employees. This significant recognition marks Darwinbox’s continuous rise in the HR tech industry, with the company standing out as the only provider worldwide to move up a quadrant this year.Trusted by 950+ enterprises globally, today some of the largest conglomerates (top 2 out of 5), banking (top 4 out 5), retail and real estate brands in Philippines such as Security Bank, Gokongwei Group, BPI, Starbucks, URC, Filinvest, SM Prime and more are modernizing their HR with the mobile-first and agile platform. Known for its advanced AI capabilities and user-focused experience, Darwinbox is increasingly becoming the preferred choice for enterprises in the Philippines. Since its expansion to this market in 2019, the company has invested heavily in localizing its platform to meet the unique needs of businesses in the region.“Our rise to Challenger status is driven by our commitment to building a modern, global HCM platform, supported by AI-driven innovation and user-centric design.We’re leading the way with cutting-edge technologies like Gen-AI, addressing the complexities of global enterprises with multi-country payroll solutions, and continuously evolving our platform to not only solve for today’s needs but tomorrow’s challenges” said Chaitanya Peddi, Co-founder of Darwinbox. “Philippines is a digital-first market and we’ve made deep R&D investments to deliver highly localized solutions that solve for the diverse needs of businesses in the region. With a growing number of organizations experiencing the transformative impact of Darwinbox, we’re committed to doubling down on our expansion in the region”AI with Practical ImpactDarwinbox’s AI solution, Darwinbox Sense, has been instrumental in helping organizations make better, data-driven HR decisions. By embedding AI in daily workflows, Darwinbox enables Filipino organizations to gain insights into employee performance, reduce hiring biases, and understand workforce sentiment—all critical for fostering an inclusive and engaged workplace. Its intelligent tools, like conversational analytics, automated workflows, and payroll anomaly detection, deliver insights exactly when and where they’re needed.Flexible Platform for Unique Local NeedsRecognizing the need for adaptable solutions, Darwinbox’s Extensibility Suite offers Filipino HR teams the ability to tailor and automate workflows through low-code, no-code tools. This flexibility enables companies to streamline operations with minimal IT dependency, allowing HR teams to quickly respond to changing business needs.Mobile-First Design for High EngagementUnderstanding the importance of mobility in the Philippines, where many employees work remotely or in the field, Darwinbox’s platform is built to engage a diverse range of users across different work environments. Its mobile-first design ensures seamless connectivity, allowing organizations to reach every employee, from frontline workers to office-based teams, fostering a unified and engaged workforce.Talent Management for Skills DevelopmentThe platform’s talent management features, highly rated in Gartner’s report, support Filipino companies in building a robust skills-based workforce. Darwinbox’s AI-driven career planning tools and Talent Hub offer managers and employees personalized guidance for career development, helping Filipino businesses retain top talent and enhance workforce growth.For More InformationRead the blog, "Darwinbox Rises as a Challenger in 2024 Gartner® Magic Quadrant™ for Cloud HCM Suites for 1,000+ Employee Enterprises," by Chaitanya Peddi, Co-founder, Darwinbox.Read a complimentary copy of the Gartner report on the Darwinbox website.Gartner DisclaimerGartner does not endorse any vendor, product or service depicted in our research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.GARTNER is a registered trademark and service mark, PEER INSIGHTS and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.Gartner, Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises, 23 October 2024, Ranadip Chandra, et. Al.About DarwinboxFounded in 2015, Darwinbox is a global HR tech leader that empowers enterprises to better manage their talent with new-age employee experiences and disruptive AI-powered technology. Its cloud-based Human Capital Management (HCM) software caters to an organisation's HR needs across the entire employee lifecycle. Darwinbox is trusted by over 3 million employees from more than 900 enterprises across 130 countries. Darwinbox has been backed by global investors like TCV, Microsoft, Salesforce Ventures, Peak XV, Lightspeed and Endiya Partners among others.More at www.darwinbox.comFor media inquiries, please contact: Rishita.chiranewala@darwinbox.in Copyright 2024 ACN Newswire via SeaPRwire.com.
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14th Asian Logistics, Maritime and Aviation Conference opens today ACN Newswire

14th Asian Logistics, Maritime and Aviation Conference opens today

- The 14th Asian Logistics, Maritime and Aviation Conference (ALMAC) takes place at the Hong Kong Convention and Exhibition Centre on 18 and 19 November- Under the theme “Shaping the Future of Supply Chains: Resilience and Sustainability”, over 80 distinguished speakers will participate in more than 20 forums to exchange views and discuss the latest industry developments- The first day of the conference features a special address by Chan Kwok-ki, Acting Chief Executive of the HKSAR; Fu Xuyin, Vice Minister of the Ministry of Transport, the People's Republic of China, and officials from ASEAN countries, reinforcing Hong Kong’s position as a superconnector and an international shipping centre and aviation hub- Sessions focus on three major trends – supply chain diversification, sustainability and green energy and innovation and technologyHONG KONG, Nov 18, 2024 - (ACN Newswire via SeaPRwire.com) - Following the Resolution of the Third Plenary Session of the 20th Central Committee of the Communist Party of China and measures proposed in the latest Policy Address to strengthen Hong Kong’s status as an international shipping centre and aviation hub, the 14th Asian Logistics, Maritime and Aviation Conference (ALMAC), co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), commences today at the Hong Kong Convention and Exhibition Centre, under the theme “Shaping the Future of Supply Chains: Resilience and Sustainability”. As an annual event for the logistics, maritime, aviation and supply chain industries, the two-day conference gathers more than 80 heavyweight speakers, including government officials and industry leaders, to discuss industry trends and opportunities to help promote high-quality development of the logistics and supply chain management industry.Chan Kwok-ki, Acting Chief Executive of the HKSAR, delivered a special address, followed by Fu Xuyin, Vice Minister of the Ministry of Transport, the People's Republic of China, Loke Siew Fook, Minister of Transport, Malaysia, H.E. Heng Nan, Secretary of State of Ministry of Public Works and Transport, Kingdom of Cambodia, H.E. Saysongkham Manodham, Vice Minister of Public Works and Transport Lao PDR, and H.E. Nguyen Xuan Sang, Deputy Minister of Transport, Vietnam. ASEAN is Hong Kong's second-largest trading partner, with a total bilateral trade of US$144.6 billion last year. As Hong Kong is actively seeking membership of the Regional Comprehensive Economic Partnership (RCEP), trade relations between Hong Kong and ASEAN are poised to deepen further. The participation of government officials from ASEAN countries in the conference underscores the robust cooperation between Hong Kong and ASEAN.Margaret Fong, HKTDC Executive Director, said in her welcome remarks: “In today’s fast-moving world, global trade has been buffeted by numerous headwinds, including geopolitical tensions and tariffs. This is further compounded by global logistics bottlenecks, rising freight rates, increased focus on sustainability and the growing uptake of digitalisation. As businesses grapple with such a complex environment, it is evident that effective supply chain management is the essential engine that drives sustained growth in global trade. It plays a pivotal role in combating uncertainty and future-proofing business operations. Reflecting the vital importance of Asian supply chains in today’s interconnected world, this year’s ALMAC will zero in on global business opportunities and supply chain management.Chan Kwok-ki, Acting Chief Executive of the HKSAR, said in his special address: “We see long-term opportunity in Hong Kong’s rise as a green and smart port. Our Action Plan on Maritime and Port Development Strategy outlines that promising future, including building green fuel-bunkering capabilities. Just three days ago, we published an action plan on developing Hong Kong into a green maritime fuel-bunkering centre. Combining our aviation and maritime strengths, Hong Kong has long been a major cargo gateway to and from the Greater Bay Area.”He additionally mentioned: “We will also step up efforts to develop Hong Kong into a cross-boundary, e-commerce logistics and distribution centre. This year’s Asian Logistics, Maritime and Aviation Conference is all about creating a resilient and sustainable future for global supply chains. And Hong Kong is determined to play a vital part in that promising future.”As the engine of business operations, supply chain management plays a pivotal role in combating uncertainty and future-proofing development. The first day featured a session titled “Steering Business Growth: Building an Evolving Supply Chain” hosted by Kelvin Leung, the immediate past President of the Chartered Institute of Logistics & Transport in Hong Kong. Speakers including David O. King, Senior Vice President, Commercial, SEKO Logistics, Jotaro Tamura, Senior Managing Executive Officer, Mitsui O.S.K. Lines, and representatives from international brands - including Arjen van Diepen, Head of Global Strategic Planning, the HEINEKEN Company, Bjoern Neal Kirchner, Corporate Vice President, Supply Chain Management, Henkel, and Kalyan Chakravorty, Senior Director, Global Productivity, Benchmarking & Analytics, MondelÄ“z International - analysed the challenges and opportunities encountered by global supply chains and delved into how supply chain transformation and innovation could drive business expansion and foster sustainable development.A newly introduced session, “Navigating New Trade Lines for Mitigating Disruptions”, brought together industry leaders, including David O. King, Senior Vice President, Commercial, SEKO Logistics, Wilson Kwong, Chief Executive, Hong Kong Air Cargo Terminals, Eng. Loay Mashabi, Managing Director, Saudia Cargo, Louis Tang, Managing Director, Ocean Network Express (East Asia), and Delia Sun, Head of Supply Chain Management, DKSH. The session explored supply chain diversification and how emerging markets in Asia, the Middle East and North America can help enterprises build more resilient networks.Two Air Freight Forums explore Hong Kong’s future as an aviation hubBeginning operations at the end of this month, the Hong Kong International Airport three-runway system will significantly enhance the airport’s passenger and cargo capacity and help consolidate Hong Kong’s position as an international aviation hub. Co-organised with the Airport Authority Hong Kong, two air freight forums “Cargo Aviation Hub of the World” and “Digital Air Cargo and Global Trade Ecosystem” feature experts including Tom Owen, Director, Cargo, Cathay Cargo, Dereje Derero, Managing Director, Ethiopian Cargo and Logistics Services, Ming Chan, Associate Fintech Director, Financial Infrastructure Department, Hong Kong Monetary Authority, and Philip Chan, Head of Wholesale Digital, Hang Seng Bank, to discuss how the cargo industry can enhance Hong Kong’s competitive edge as an international aviation hub through collaboration in premium warehousing, digital technology, and talent development.Day 2 focus on sustainability and green energy, 5 workshops will be held in the afternoonGiven society’s greater emphasis on climate change action, more and more businesses across different industries are striving to reduce their carbon footprint and move towards net-zero emissions. Hong Kong is also committed to developing as a green maritime centre. In tomorrow’s sessions “Fostering Sustainable Trade: Embracing Future-proofing Supply Chains and the debut “Green Energy Forum: Energy Transition towards Net Zero Emissions”, Pernille Dahlgaard, Chief Officer of Government, Business & Analytics, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, Achim Martinka, Vice President, Global Airfreight-Commercial & Sustainability, DSV, Scott Childress, Chief Sustainability Officer, UPS, and Paolo Gallieri, Chief Operation Officer, Zhero, will shed light on best practices in integrating sustainability and explore strategies and technologies that facilitate the energy transition.In addition to thematic forums, ALMAC will feature a series of workshops on environmental, social and governance (ESG) initiatives, e-commerce, youth empowerment, halal logistics, and air freight decarbonisation. Speakers from Shell Aviation, Hong Kong Air Cargo Terminals Limited, Arup, and DKSH will provide participants with practical insights and tips.Following last year’s success, this year's ALMAC exhibition continues to feature three zones including Logtech Salon, Supply Chain Management and Logistics Services, and Maritime and Port Services, showcasing innovative logistics and supply chain solutions from 90 exhibitors, including three major Hong Kong air cargo terminals (Hong Kong Air Cargo Terminals, Cathay Cargo Terminal, and Asia Airfreight Terminal), together with other leading companies such as Mitsui O.S.K. Lines and Ocean Network Express. The Hong Kong Association of Freight Forwarding and Logistics and Hong Kong Science and Technology Parks (HKSTP) also host exhibition pavilions.The HKTDC encourages enterprises to leverage its trade platform and events to seek global business opportunities. Business matching sessions are offered at ALMAC, bringing together shippers and service providers to foster business partnerships and promote industry development.Photo download︰https://bit.ly/4fwil2mIn her welcome remarks, Margaret Fong, Executive Director of the Hong Kong Trade Development Council (HKTDC), said: “Reflecting the vital importance of Asian supply chains in today’s interconnected world, this year’s ALMAC will zero in on global business opportunities and supply chain management.”The 14th Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the HKSAR Government and the HKTDC, commenced today at the Hong Kong Convention and Exhibition Centre and will run until tomorrowChan Kwok-ki, Acting Chief Executive of the HKSAR, delivered special remarks at ALMACFu Xuyin, Vice Minister of the Ministry of Transport, the People’s Republic of China, delivered special remarks at ALMACLoke Siew Fook, Minister of Transport, Malaysia, delivered special remarks at ALMACALMAC features three exhibition zones including Logtech Salon, Supply Chain Management and Logistics Services, and Maritime and Port Services, showcasing innovative logistics and supply chain solutions from 90 exhibitorsALMAC: https://www.almac.hk/main/en/ALMAC programme: https://almac.hktdc.com/conference/almac/en/programmeALMAC speaker list: https://almac.hktdc.com/conference/almac/en/speakerMedia enquiriesYuan Tung Financial Relations:Agnes Yiu Tel: (852) 3428 5690 Email: ayiu@yuantung.com.hkEdmund Choi Tel: (852) 3428 2360 Email: echoi@yuantung.com.hkHKTDC Communications & Public Affairs Department:Stanley So Tel: (852) 2584 4049 Email: stanley.hp.so@hktdc.orgClayton Lauw Tel: (852) 2584 4472 Email: clayton.y.lauw@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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The 6th BDO ESG Awards receives overwhelming response ACN Newswire

The 6th BDO ESG Awards receives overwhelming response

HONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - BDO, the world’s fifth largest accountancy and advisory network, has been organising the BDO ESG Awards since 2018, becoming a pioneer in advocating companies’ acceptance of their social responsibilities through the integration of sustainable practices into their business models. Entering its sixth anniversary, the Awards received a record high nomination compared with previous years, with more than 110 applications. BDO will continue to promote the development of enterprises in the field of environmental, social and governance (ESG). BDO recognises Hong Kong-listed companies that have excelled in areas of ESG through the Awards, and encourage more companies to work together for a greener and more climate-resilient future. The BDO ESG Awards has been well received by listed companies in Hong Kong, and this year, as in previous years, received an overwhelming number of nominations. The winners of the various categories, including the Best in ESG Awards, the Best in Reporting Awards, the ESG Report of the Year Awards, the Theme Award and the Outstanding ESG Performance of H-share Companies Awards, will be officially announced at the BDO ESG Awards Presentation Ceremony on 11 December 2024. This year’s Theme Award again commends listed companies that have adopted best practices in ‘carbon neutrality’, highlighting the key role that companies play in mitigating climate change and shaping a zero-carbon, greener, and more climate-resilient future. Companies that are committed to achieving ‘net-zero’ carbon emissions and have demonstrated excellence in the following areas are eligible to compete for the Theme Award:I.Biggest reduction in carbon emissions (absolute and intensity) from business for the year;II.Carbon reduction initiatives launched during the year that could significantly reduce carbon emissions from business in the long-run;III.Long-term vision and action plans implemented to achieve carbon neutrality Ricky Cheng, Director and Head of Risk Advisory of BDO, said, “We are pleased that this year's BDO ESG Awards has again been a huge success, receiving an overwhelming response. A record number of over a hundred listed companies have submitted applications, reflecting a growing number of companies that are committed to sustainable development and have practically integrated ESG principles and climate change considerations into their business strategies. Although companies are paying increasing attention to ESG and climate change issues, BDO, as an advocate for sustainable development, hopes to leverage the annual Awards to continuously raise public awareness of the importance of these issues. The Awards not only recognises companies that have demonstrated excellence in ESG performance and fulfilled their ESG commitments, but also motivates others to make greater efforts to build a zero-carbon future.” On 19 April 2024, the Hong Kong Stock Exchange (HKEX) released the results of a consultation on climate disclosure requirements and published the “Implementation Guidance for Climate Disclosures under HKEX ESG reporting framework”. With reference to IFRS S2 Climate-related Disclosures, HKEX’s Environmental, Social and Governance Reporting Code (ESG Code)1 will require issuers to make climate-related disclosures in phases starting 1 January 2025 to further enhance the quality, consistency and comparability of climate-related disclosures in Hong Kong's financial industry. By aligning with international standards and providing options with less burden, HKEX encourages issuers to disclose relevant information without undue burden. Ricky added, "Climate change and global warming are serious challenges facing all of humanity. To address these environmental issues, in addition to relying on various government initiatives such as ‘Hong Kong's Climate Action Plan 2050’ and the ongoing update of the climate risk reporting regulations for listed companies by HKEX, we still need the support of society and businesses to realise carbon emission reduction and promote the green and sustainable development of Hong Kong. BDO believes, the mission of safeguarding and ensuring a sustainable future for all mankind can only be achieved if companies from all sectors act from the heart and understand their responsibility and importance in promoting long-term net-zero carbon emissions in their business operations. By formulating a clear and effective carbon neutrality blueprint, companies can progressively meet their carbon reduction commitments and create sustainable long-term value for stakeholders and the next generation, which will ultimately help enhance Hong Kong's green finance credentials and strengthen the city’s position as a trusted and leading financial hub for investors.” Note to editorsAbout BDO Limited BDO's global organisation extends across 166 countries and territories, with more than 115,600 professionals working in over 1,770 offices - and they're all working towards one goal: to provide our clients with exceptional service. BDO was established in Hong Kong in 1981 and is committed to facilitating the growth of businesses by advising the people behind them. BDO Hong Kong provides an extensive range of professional services including assurance services, risk advisory services, specialist advisory services and tax services. For more details, visit www.bdo.com.hk.ContactsSala LoSenior Marketing Manager and Team Head BDO Hong Kong Heidi LauSenior Marketing ManagerBDO Hong Kong Strategic Financial Relations LimitedVicky Lee Yoko LiTel +852 2218 3042Mobile +852 9613 5175salalo@bdo.com.hk Tel +852 2218 2325Mobile +852 9285 4151heidilau@bdo.com.hk Tel +852 2864 4834sprg_bdo@sprg.com.hk Tel +852 2864 4813sprg_bdo@sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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GTDC Summit APJ Highlights IT Distributors’ Roles in Navigating Digital Transformation ACN Newswire

GTDC Summit APJ Highlights IT Distributors’ Roles in Navigating Digital Transformation

SINGAPORE, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - Top executives from the IT distribution and technology vendor sectors convened today at the inaugural GTDC APJ-Summit 2024 to discuss the current position and future outlook of these critical communities. The Summit underscored the essential role distributors play in scaling emerging technology sales and adoption and developing new opportunities through digital marketplaces and alliances with hyperscalers.Frank Vitagliano emphasizes the rising value of distribution as he opens the inaugural GTDC Summit APJ.The vast scale and economic and cultural diversity of the APJ region necessitates local expertise. As vendors adopt varied approaches to managing channels, they are increasingly relying on distributors to support emerging markets while focusing internal resources on more mature communities. This strategy provides greater reach, especially in areas where direct coverage would be inefficient, and represents a broader shift towards optimizing orchestration through partnerships."Distributors are ideally positioned to bridge complex regional and in-country dynamics, with local representatives who understand cultural and language nuances to best support the objectives of their vendors and partners. Focusing on enablement programs and relationship-building allows distributors to create strategic value that ensures the successful adoption of advanced technologies across diverse APAC markets," said Frank Vitagliano, CEO, GTDC.IT spending across Southeast Asia and India is accelerating, driven by SMBs embracing digital transformation through cloud software, cybersecurity, and logistics investments. This digital shift generates increased demand for cloud infrastructure, managed services, and robust security solutions. Simultaneously, according to IDC, AI adoption is further fueling the region's technological momentum, with spending in this area expected to reach $78 billion by 2027, with a 25% annual growth rate. Distributors empower those advances while transforming the customer experience and operational efficiencies across these key sectors.Vendors also rely on distributors to meet the rising demand for AI, sales, and technical support as the region struggles with talent shortages, especially in these key areas.Distributors are meeting these demands while unlocking new opportunities using advanced data analytics. Channelnomics CEO Larry Walsh emphasized these organizations' capabilities for identifying "white space" and expanding partner networks. "While data provides direction, its true value lies in transforming insights into actionable strategies for partners. Distributors are pivotal in redefining go-to-market models, guiding partners through business-enhancing engagements and maximizing channel potential."Other Memorable Highlights from Summit APJThe summit focused on the changing dynamics of IT distribution, emphasizing the increasing importance of Southeast Asia and India in the global tech sector. Key sessions included:John Marrett from the EIU spoke to the rapidly expanding marketplace and described the ways technical innovation is changing businesses and communities. From shifts in monetary and fiscal policies to currency fluctuations and international financial institutions' activities, he highlighted the impact of these movements on the APJ's IT community.Avneesh Saxena of IDC showed how innovation affects global IT relationships and creates new opportunities for the channel. He emphasized the key industry trends, barriers, and investments and explored the evolving dynamics between partners, vendors, and distributors.Larry Walsh of Channelnomics examined the often-overlooked pieces of the vendor-distributor relationship and hit on other key findings of their recently released study with GTDC. Focused on the Asia-Pacific region, the new report shows vendors how to maximize the value of their distribution relationships.Vitagliano also moderated a panel discussion with senior distribution executives, including William Ong,VST ECS;V.S. Hariharan, Redington Limited; Luis Lourenco, Ingram Micro; Jaideep Malhotra, TD SYNNEX; and Patrick Aronson, Westcon-Comstor. Panelists highlighted how regional distributors are innovating and creating programs that facilitate the adoption of new technologies, optimize go-to-market strategies and enhance other business activities.The council's next global event GTDC Summit North America, February 19th -20th, 2025, at the Mission Pacific & Seabird Resort in Oceanside, CA. More details will be available soon.About the GTDC The Global Technology Distribution Council is the industry consortium representing the world's leading tech distributors. GTDC members drive an estimated $160 billion in annual worldwide sales of products, services and solutions through diverse business channels. GTDC conferences support the development and expansion of strategic supply-chain partnerships that continually address the fast-changing marketplace needs of vendors, end customers and distributors. GTDC members include AB S.A (WSE: ABPL), Arrow Electronics (NYSE: ARW), CMS Distribution, Computer Gross Italia (MI: SES), D&H Distributing, ELKO, Esprinet (PRT.MI), Exclusive Networks (EPA: EXN), Exertis, Infinigate, Ingram Micro (NYSE: INGM), Intcomex, Logicom (CSE: LOG), Mindware, Redington Limited (BSE/NSE: Redington), Siewert & Kau, SiS Technologies (HKSE:0529), Tarsus, TD SYNNEX (NYSE: SNX), TIM AG, VSTECS Holdings and Westcon-Comstor.GTDC MEDIA CONTACT: Anita LussenburgTel +31621585878Mail: alussenburg@gtdc.euSOURCE: Global Technology Distribution Council Copyright 2024 ACN Newswire via SeaPRwire.com.
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GMG Provides Business Update on Working Capital and Cost Reductions ACN Newswire

GMG Provides Business Update on Working Capital and Cost Reductions

Brisbane, Queensland, Aust, Nov 14, 2024 - (ACN Newswire via SeaPRwire.com) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a business update on its working capital position and the implementation of cost reductions targets that were communicated on March 11, 2024.Each year the Company submits a Research and Development (R&D) application to the Australian Taxation Office to recover 43.5% of eligible R&D expenditures under the Australian Government's Research and Development Tax Incentive scheme. On October 29, 2024, A$2.85m, the amount requested in this year's R&D application, was deposited in full into the Company's bank account. As at November 1, 2024, the Company's cash balance was A$5.56m, with no debt or loan facilities in place. The continued funding from AusIndustry's R&D Tax incentive scheme has played a vital role in supporting GMG's ongoing research and development.The Company successfully implemented an organisational restructure by merging the Projects and Operations teams and streamlining its Graphene Manufacturing Plant and Thermal XR® Blending Plant. The new operating model to deliver Projects of scale will rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery. Through careful organisational restructuring and active cost management, the Company has reduced its monthly operating cost base by almost 45% since September 2023. The Company will continue to look for ways to continue this trend while maintaining a delivery mind set.GMG's CEO Craig Nicol stated, "The timely receipt of the Research and Development rebate from the Australian Federal Government continues to provide significant working capital support while the Company has continued to focus on improving its cost base through streamlining of Operations and Projects teams while maintaining focus and pace on delivering its four critical business objectives."GMG's Chairman and Non-Executive Director, Jack Perkowski, commented: "The implementation of targeted costs savings together with the Research & Development rebate, allows the Company to remain focused on growing the sales of its Energy Savings products."About GMG www.graphenemg.comGMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").GMG's 4 critical business objectives are:Produce Graphene and improve/scale cell production processesBuild Revenue from Energy Savings ProductsDevelop Next-Generation BatteryDevelop Supply Chain, Partners & Project Execution CapabilityFor further information please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the Company's new operating model, future cost reductions, and the Company's focus on the sale of its energy saving products. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the new operating model to deliver Projects of scale will rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery, that the Company will continue to look for ways to reduce costs while maintaining a delivery mind set, and that the Company's focus will remain on growing the sales of its energy saving products. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Australian Federal Government will not continue its Research and Development Tax Incentive scheme, or that the Company will not continue to benefit from the tax incentive, that the new operating model to deliver projects of scale will not rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery, that the Company will be unable to reduce costs further while maintaining a delivery mind set, that the Company will not remain focused on growing the sales of its energy saving products, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229939 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Beat The Silent Disease of Osteoporosis with LAC, Before It’s Too Late! ACN Newswire

Beat The Silent Disease of Osteoporosis with LAC, Before It’s Too Late!

SINGAPORE, Nov 18, 2024 - (ACN Newswire via SeaPRwire.com) - Despite Singapore’s abundant sunlight, Vitamin D deficiency remains a prevalent health issue, affecting millions of people. This deficiency significantly compromises bone health, leading to osteoporosis, a “silent disease” due to its subtle onset. Research indicates that bone health begins to decline at age 25, making it crucial to address this issue, especially as Singapore’s population continues to age. The urgency to combat this silent epidemic has never been greater.As sedentary lifestyles and poor dietary choices become increasingly common, the impact of osteoporosis is alarming: one in three women and one in five men over the age of 50 in Singapore are affected. Known as the “sunshine vitamin,” vitamin D plays a critical role in efficient calcium absorption, essential for maintaining bone density and preventing osteopenia and osteoporosis. Without adequate vitamin D, the body struggles to absorb calcium, increasing risk of fractures and leading to deteriorating bone health.In line with World Osteoporosis Day on 20 October, LAC (pronounced as L-A-C) is dedicated to raising awareness about the importance of bone health and empowering individuals to take preventive measures to optimise their bone density. By incorporating calcium-rich foods or supplements, ensuring adequate Vitamin D intake and regular physical activity, individuals can significantly reduce the risk of osteoporosis.LAC FullCal® combines calcium, magnesium and Vitamin D in a golden ratio, making it vital for maintaining strong bones, teeth and muscle function. This unique formula not only reduces the risk of osteoporosis but also improves calcium absorption, making it an excellent option for maintaining optimal bone health. With its all-in-one solution, individuals no longer need to rely on three separate supplements to achieve the same benefits, offering both enhanced convenience and cost savings.LAC Joint Protec®, formulated with a proprietary blend of ingredients such as Glucosamine, Chondroitin and Collagen, work together to alleviate joint stiffness and discomfort while enhancing mobility and flexibility. Copyright 2024 ACN Newswire via SeaPRwire.com.
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COP29: Indonesian Special Envoy Hashim Djojohadikusumo Announces EUR 1,2 Billion Green Funding ACN Newswire

COP29: Indonesian Special Envoy Hashim Djojohadikusumo Announces EUR 1,2 Billion Green Funding

BAKU, Azerbaijan, Nov 16, 2024 - (ACN Newswire via SeaPRwire.com) - The Indonesian Government, through Special Presidential Envoy of the Republic of Indonesia Hashim Djojohadikusumo, announced EUR 1.2 billion in green funding for the Indonesian power sector from German state development bank Kreditanstalt für Wiederaufbau (KfW) at the COP29 World Climate Conference in Baku, Azerbaijan, on Wednesday (11/13). The conference runs through Friday (11/22).COP29 MoU: Indonesian Special Presidential Envoy Hashim Djojohadikusumo (second left), with PLN President Commissioner Burhanuddin Abdullah (second right), PLN President Director Darmawan Prasodjo (right), and Kreditanstalt fur Wiederaufbau (KfW) Chief Sustainability Officer Jurgen Kern at the signing, themed "Leading the Charge: Strategic Partnership to Catalyze Decarbonization" in Baku, Azerbaijan on Wednesday, Nov 13.The agreement was marked by the signing of a Memorandum of Understanding (MoU) between PT PLN (Persero) and KfW to support Indonesia's energy transition towards self-sufficiency with the development of various green power and clean energy projects, centered on the Pumped Storage Hydroelectric Power Plant (PLTA) and transmission network connecting with green power plants. Hashim emphasized that the government is committed to accelerating the energy transition. By fostering collaborations at the global level, the shift towards renewable energy is expected to support energy self-sufficiency and drive national economic growth. "We have developed a new strategy over the next five years to achieve a minimum of 8% sustainable economic growth," Hashim affirmed. He stated that the development of clean energy sources is crucial for enhancing industrial competitiveness. Over the next 15 years, Indonesia's renewable energy generation capacity is targeted to increase by 75% from the total addition of 100 gigawatts (GW) in electricity capacity. "We will be a major country fulfilling our responsibility to protect the environment’s future. We deeply appreciate the established international cooperation as a joint effort toward reaching the Net Zero Emissions (NZE) target," Hashim explained. PLN President Director Darmawan Prasodjo expressed full support for the government’s initiatives in advancing the energy transition. Various collaborations and initiatives have been implemented by PLN to ensure the success of sustainable electricity projects. Darmawan noted that KfW's involvement in PLN’s green projects is expected to attract more international partners to collaborate. This will create a synergy of sustainable strategic, technical, and investment collaboration in global climate action. "This collaboration signifies PLN's proactive steps in expanding international partnerships to enhance national energy self-sufficiency in line with global climate actions," Darmawan stated.KfW Group's Sustainability Officer, Jurgen Kern, explained the KfW support for Indonesia represents Germany's commitment to international cooperation for green transformation. Further, Jurgen highlighted that PLN is at the center of Indonesia’s energy transition. PLN is strongly committed to greening the energy sector while ensuring reliable energy access."Therefore, we believe that Indonesia and Germany can continue strengthening their partnership in the energy sector, especially in clean energy projects like geothermal, hydropower, and transmission. Achieving the NZE target requires solid collaboration and partnership," Jurgen said.- Antara, for PT PLN (Persero), https://web.pln.co.id/en/sustainability/sustainability/.- Indonesia: https://indonesia.go.id/, KfW Germany: https://www.kfw.de/kfw.de-2.html Copyright 2024 ACN Newswire via SeaPRwire.com.
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Military Metals Completes Acquisition of Brownfield Antimony Projects in Europe ACN Newswire

Military Metals Completes Acquisition of Brownfield Antimony Projects in Europe

Vancouver, British Columbia--(Newsfile Corp. - November 15, 2024) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90)(the "Company" or "Military") is pleased to announced that it has closed its previously disclosed transaction, pursuant to which 1509149 B.C. Ltd., a wholly-owned subsidiary of the Company, amalgamated with 1458205 B.C. Ltd. (the "Target") such that the Company has acquired 100% of the issued and outstanding common shares in the capital of the amalgamated entity (the "Transaction").In connection with the Transaction, the Company issued 10,000,000 Common shares in the capital of the Company (the "Company Shares"), at a deemed issuance price of $0.56 per Company Share, to the shareholders of the Target. Previously, it was contemplated that the Company would assume the Target's obligations in respect of 3,499,997 share purchase warrants, which were to become exercisable into Company Shares on closing, however the parties to the Transaction have amended the terms, and such obligation is not being assumed by Military. The Company Shares issued are not subject to resale restrictions under applicable Canadian securities laws.About the Projects:The Transaction results in the Company acquiring three mineral exploration projects in Slovakia, being the Trojarová antimony-gold project, the Tiennesgrund antimony-gold project, and the Medvedi tin project. It is the intention of the Company to produce a technical report under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") in connection with Trojarová. The Company also intends to file a Business Acquisition Report for the Transaction in accordance with the requirements of applicable securities laws.About the Trojarová Antimony-Gold ProjectAs first reported in the Company's news release regarding Trojarová dated October 30, 2024, discovered in the late 1970s Trojarová was the focus of extensive surface and underground exploration from 1983 to 1995, with 63 core holes completed for a total of 14,330m, along with 1.7km of underground development starting in 1990, ultimately comprising a 300-meter-long adit connected to a 700-plus meter-long drive in the footwall of the mineralized zone with seven crosscuts into the mineralized zone for sampling purposes. These efforts culminated in a multi-volume study comprising drill logs, analyses, drill plans, maps and sections, deposit model studies, petrographic studies, metallurgical studies and more, culminating in a multi-volume compendium of reports produced by the Slovak Geological Institute published in 1992. The historical estimate at Trojarová was classified using the Slovak version of the newly post-Soviet Russian classification system, which is not directly comparable to or compatible with the western system as defined by the Canadian Institute of Mining, Metallurgy & Petroluem ("CIM Definition Standards for Mineral Resources & Mineral Reserves"). The Slovak Geological Institute, the State agency that carried out all exploration and underground development work at Trojarová, classified the resource as "P1" in the Slovak version of the Russian classification system. P1 is closest within the Canadian Institute of Mining, Metallurgy & Petroleum's ("CIM") classification system to "Inferred Mineral Resources," which is defined by the CIM as that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence gathered through appropriate sampling techniques from locations such as outcrops, trenches, pits, workings and drill holes.The 1992 Report contains a table featuring ten alternate historical resource estimates, five focused on the antimony component of the mineralized system and five on its gold component, each group of five featuring decreasing tonnage at increasing grade for antimony and gold, respectively. This table is shown below.Historical alternate resource estimate scenarios for Trojarova(source: Michel et al, 1992)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_001full.jpgUpon completion of the Amalgamation, the Company will move forward to verify this historical estimate through a program of confirmation drilling so that it is able to classify mineral resources at Trojarová as current, in accordance with National Instrument 43-101.Map showing the location of Military's properties in SlovakiaTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_002full.jpgInvestor Relations Engagements:The Company further announces entry into agreements related to marketing and investor relations. Further to the news releases announced on October 24, 2024, the Company engaged Clarkham Capital ("Clarkham") to provide investor relations services with a focus on the German stock market and the German-speaking investment community in support of the company listing on the Frankfurt Stock Exchange (the "Clarkham Agreement") with a commencement date of November 18, 2024. Pursuant to the terms of the Clarkham Agreement, Clarkham will, among other items, provide the Company with marketing services, which includes social media management, content creation, distribution, digital marketing, including, but not limited to, the preparation of articles and coverages on multiple financial platforms and newsletters, and translation and distribution of press releases in Germany and any other marketing services as agreed upon by the Company and Clarkham (the "Clarkham Services"). The Clarkham Agreement has a term of two (2) months and is anticipated to commence on or about November 18, 2024. The Company will make a one-time payment to Clarkham of EUR 200,000 (CAD$298,340), as consideration for the Services. Sebastian Korbach will be providing the Clarkham Services to the Company on behalf of Clarkham and may be contacted at +44-20-38839398 or cc@clarkham.com. The Company will not issue any securities to Clarkham as compensation. Both Clarkham and Sebastian Korbach are arm's length to the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right to acquire such an interest.Additionally, the Company entered into a one-time media services arrangement with Robert Sinn ("Sinn") in which Sinn will provide the Company with marketing services, which includes, video content creation, distribution, digital marketing, in connection with a video interview being conducted by Sinn (the "Sinn Services") for distribution on popular investor platforms such as BNN Bloomberg. The Sinn Services will commence on November 20, 2024. The Company will make a one-time payment to Sinn of $2,500 USD, as consideration for the Sinn Services. Sinn and may be contacted at +352-613-2850 or ceotechnician@gmail.com, or Suite 508, 416 SW 1st Avenue, Fort Lauderdale, FL, 33301. The Company will not issue any securities to Sinn as compensation. Sinn is arm's length to the Company and does not have any interest, direct or indirect, in the Company or its securities nor does he have any right to acquire such an interest.On November 15, 2024, the Company entered into a media services contract (the "NIA Agreement") with GRA Enterprises LLC, DBA National Inflation Association ("NIA"). Pursuant to the terms of the NIA Agreement, NIA will, among other items, provide the Company with marketing services, which includes social media management, content creation, distribution, digital marketing, and any other marketing services as agreed upon by the Company and NIA (the "NIA Services") for distribution on popular investor platforms such as BNN Bloomberg and Benzinga. The NIA Agreement has a term of thee (3) months and is anticipated to commence on or about November 18, 2024. The Company will make a one-time payment to NIA of US$30,000, as consideration for the Services. Gerard Adams will be providing the NIA Services to the Company on behalf of NIA, and may be contacted at +973-277-7674 or inflationusceo@gmail.com, or 112 Camp Lane, Mooresville, NC 28117. The Company will not issue any securities to NIA as compensation. Both Gerard Adams and NIA are arm's length to the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right to acquire such an interest.The technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, geological consultant to Military Metals and a qualified person as defined by NI 43-101.About Military Metals Corp. The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.ON BEHALF OF THE BOARD of DIRECTORSFor more information, please contact:Scott EldridgeCEO and Directorscott@militarymetalscorp.comFor enquiries, please call 604-722-5381 or 604-537-7556This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes statements related to the filing of a NI 43-101 compliant technical report, the filing of the Business Acquisition Report, as well as future plans for exploration activities, and for marketing. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subjects of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact any future activities in respect of the properties held by the Company. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230288 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Cropmate Sets to Raise RM42.0 Million from ACE Market IPO ACN Newswire

Cropmate Sets to Raise RM42.0 Million from ACE Market IPO

KUALA LUMPUR, Nov 15, 2024 - (ACN Newswire via SeaPRwire.com) - Cropmate Berhad (“Cropmate” or the “Company”), a key player in the conventional and specialty fertiliser manufacturing industry in Malaysia, is pleased to announce the launch of its prospectus for the upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).Ms. Lee Jim Leng, Group Managing Director and Chief Executive Officer of Hong Leong Investment Bank Berhad; Mr. Lee Chin Yok, Managing Director, Cropmate BerhadThe IPO aims to raise RM42.0 million through the issuance of 210.0 million new shares at a retail price of RM0.20 per share. The proceeds from the IPO will be allocated as follows:RM17.1 million for working capital to support Cropmate's growing operations. RM16.7 million to part finance the purchase considerations of Factory Lot 8949 and Factory Lot 8950 where Cropmate’s operations are located. RM3.2 million for capital expenditure including setting up of a Research and Development (“R&D”) and test laboratory. RM5.0 million to defray listing expenses.Managing Director of Cropmate, Mr. Lee Chin Yok, stated, “This is a defining moment for Cropmate with the launch of our prospectus. As the first-ever pure-play fertiliser company to be listed on Bursa Malaysia, this IPO represents our commitment to enhancing agricultural productivity and sustainability in Malaysia. With the proceeds, we aim to expand our R&D capabilities and continue to innovate in the fertiliser industry. We are excited about the opportunities this IPO opens for Cropmate as we strengthen our presence in the Malaysian agricultural sector.”He further added, “Our focus on expanding our R&D capabilities and securing strategic assets aligns with our long-term vision of becoming a leading force in the industry. The additional working capital will also provide us the necessary resources to meet the rising demand for high-quality fertilisers, especially amongst the durian orchards and oil palm plantations, while ensuring continuous innovation and excellence in our operations.”Group Managing Director/Chief Executive Officer of HLIB, Ms. Lee Jim Leng, expressed her support, stating, “Cropmate is well-positioned to capture the growth in Malaysia’s agricultural sector, especially with its focus on innovation and sustainability, which allows them to play a pivotal role in strengthening food security as our population continues to grow. Their strategic initiatives, backed by a strong operational foundation, ensure that Cropmate will continue to thrive and lead the fertiliser industry moving forward.”Cropmate’s growth is anchored in its expertise in the formulation and blending of conventional and specialty fertilisers, as well as trading of straight fertilisers. The Company’s commitment to supporting farmers with innovative, high-quality fertilisers has established it as a trusted name in Malaysia’s agricultural industry.Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Bookrunner.About Cropmate Berhad (“Cropmate”)Founded in 2018, Cropmate Berhad is an established fertiliser manufacturer and supplier in Malaysia, specialising in the formulation and blending of conventional and specialty fertilisers. With a focus on innovation and sustainability, Cropmate offers a wide range of products designed to enhance agricultural productivity, including compacted and blended fertilisers, as well as semi-organic, organic, and liquid fertilisers. Led by industry veterans with decades of experience, Cropmate is committed to supporting farmers in improving crop yield and quality. As the first pure-play fertiliser company listed on Bursa Malaysia, Cropmate continues to advance its mission of contributing to the growth and sustainability of the agricultural sector.For more information, visit https://www.cropmate.com.my/Issued By: Swan Consultancy Sdn. Bhd. on behalf of Cropmate BerhadFor more information, please contact:Jazzmin WanEmail: j.wan@swanconsultancy.bizWilliam YeoEmail: w.yeo@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
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Understand The Type of Credit Cards Offered By Citi And Find the Most Suitable One ACN Newswire

Understand The Type of Credit Cards Offered By Citi And Find the Most Suitable One

SINGAPORE, Nov 15, 2024 - (ACN Newswire via SeaPRwire.com) - While most credit cards offer common benefits like fraud protection, they may differ based on their features and benefits. Before applying for a particular credit card, it's helpful to understand the different types of credit cards and how they work. Explore the different types of credit cards below.Travel Credit CardsTravel credit cards offer opportunities to earn and/or redeem rewards against travel purchases. For example, the Citi PremierMiles Card lets cardmembers earn 1.2 Citi Miles for every S$1 spent locally and 2.2 Citi Miles for every S$1 spent in foreign currency. Enjoy two annual complimentary airport lounge visits and get up to S$1 million in insurance coverage. While the exact benefits of a travel credit card may vary, travel cards provide exceptional value for people who travel often.Rewards Credit CardRewards credit cards help cardmembers earn points with every swipe and are an excellent choice for people who want more from their shopping experiences. Some rewards cards offer points with every purchase, others offer bonus rewards when cardmembers shop from categories like fuel, groceries, dining, entertainment, etc. The Citi Prestige Card earns rewards on all local and overseas spends and offers premium experiences like lounge access, golf privileges, concierge services, complimentary night hotel stay worldwide and more.Cash back CardsCash back cards provide cardmembers cash rebates on eligible transactions, making them a great option for people who prioritize savings. Some cash back cards allow redemption through shopping vouchers while others allow cardmembers to apply cash back toward credit card bill payments. Citi offers four different cash back credit cards that offer a range of benefits suited to different lifestyles and preferences. This includes the Citi Cash Back+ card where there is no cap on cash back earned and cash back earned does not expire.Business Credit CardsCorporate or business credit cards are created to simplify payments for businesses. They help business owners create a separate line of credit for their company, enable fast and seamless payments, and offer rewards like points or cash back. Business credit cards can help with expense tracking and management while offering exclusive privileges and deals to cardholders like complimentary travel insurance and corporate liability waiver insurance. Citi offers three business credit cards that offer exceptional benefits and discounts on restaurants, travel bookings and more.Student Credit CardStudent credit cards offer young adults the chance to build credit and enjoy great deals. The Citi Clear Card has no minimum income requirement and allows cardmembers to earn rewards on every purchase and enjoy the safety of secure transactions. Student credit cards are one way for first time cardholders to learn how credit works, make the best of rewards programs like ThankYou rewards, and get an array of discounts through Citi World Privileges.Choosing the right credit cardRemember that it's vital to compare credit cards to properly identify the best fit. Here are a few things to consider before applying for a credit card:Benefits and rewards: Aspiring cardmembers should identify areas where they spend the most and find a credit card that rewards those purchases. Bargain hunters can prioritize credit card rewards programs that favour spending on fuel, groceries, entertainment, and dining. Adventurers and business travellers may travel often enough to justify a travel credit card to earn miles and get airport lounge access.Fees and interest: Credit cards carry annual fees, and premium cards may have higher fees than basic cards. Usually, the annual fees will give additional perks back to the customer in the form of points or miles. Card applicants should be informed about fees and charges before applying for a card.Reward complexity: Many cardmembers miss out on opportunities to redeem their points because they don't understand the redemption process. A complex rewards program with category-specific benefits or many redemption rules may not be for everyone. A simple program with no minimum spends and a flat cashback rate on all or most purchases is ideal for many people. It's also important to understand when rewards expire.The right credit card can make purchases and payments easier and more rewarding. But it's important to consider the pros and cons of credit cards, carefully read the terms and conditions, and consider individual needs before making a suitable choice.Citibank SingaporeCitibank Singapore offers consumers and institutions a range of financial products and services, including consumer and investment banking, credit cards, and personal loans. Citibank Singapore aims to deliver holistic and innovative solutions to clients and meet the increasingly complex strategies of its regional client base in the APAC in an ever-changing financial landscape.The content reflects the view of the author of the article and does not necessarily reflect the views of Citi or its employees. Please read the products and offers on Citibank Singapore website for accuracy or completeness of the information presented in the article.Name: Sonakshi MurzeEmail: Sonakshi.murze@iquanti.comJob Title: ManagerSOURCE: iQuanti Copyright 2024 ACN Newswire via SeaPRwire.com.
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TransNusa Signs MOU on MRO Services with AIROD ACN Newswire

TransNusa Signs MOU on MRO Services with AIROD

KUALA LUMPUR, Nov 15, 2024 - (ACN Newswire via SeaPRwire.com) - PT TransNusa Aviation Mandiri signed a Memorandum of Understanding (MOU) with AIROD Aerospace Technologies Sdn Bhd, establishing a strategic alliance with the Malaysian aircraft Maintenance, Repair and Operations (MRO) service provider.In addition, TransNusa also signed a Standard Ground Handling Agreement (SGHA) with AIROD for Technical Handling of its aircrafts at Subang Airport. TransNusa became the first foreign airline to received approvals and start scheduled flights from Jakarta to Subang in August, this year. The airline currently operates daily scheduled flights from Soekarno-Hatta International Airport, Jakarta to Subang Airport.TransNusa Group Chief Executive Officer, Datuk Bernard Francis said “Today’s MOU and SGHA will initially focus on the provision of MRO services by AIROD for our Airbus A320 aircraft family.He added that as stated in the MOU, AIROD will plan, develop and conduct dedicated inspections and maintenance work for TransNusa’s A320 family of aircrafts in Malaysia, starting December, this year.“This is not a small undertaking as it reflects TransNusa’s commitment to passengers in ensuring that our aircraft operate at peak performance, adhering to the highest standards of safety and efficiency,” said Datuk Bernard, emphasising the importance of an MRO provider for an airline.The signing of the MOU and SGHA took place at H76, AIROD Complex, Subang, Selangor. Datuk Bernard signed the MOU and SGHA on behalf of TransNusa while AIROD Aerospace Technology CEO, Datuk Firhad Uzir Abdul Rahim signed on behalf of his company.Established in 1976, AIROD is one of Asia Pacific’s oldest MRO service provider. Since its privatisation in 1995, the company has provided MRO-related services to 76 customers, with a combination of commercial and military aircrafts, from 33 countries.“As such, we acknowledge and appreciate AIROD’S vast experience and strength in providing world class quality depot level maintenance, aircraft customization, and modifications, which also includes structural and avionics upgrades,” said Datuk BernardDatuk Bernard stressed, “This MOU is a crucial first step towards the development of a Maintenance Support Agreement, which will detail the binding commitments of both parties. Until then, this MOU represents our dedication to working collaboratively, exploring all viable options, and striving for operational excellence.”Datuk Firhad presenting a memento to Datuk Bernard to mark the event.On why TransNusa has partnered with AIROD, Datuk Bernard said, “AIROD has been a leading Maintenance, Repair, and Overhaul (MRO) service provider in Malaysia for more than a decade and is known for delivering high-quality services.“AIROD specializes in a range of MRO-related services such as in base maintenance, inspections, modifications, refurbishments, corrosion control and repair, operational checks, and crash damage repair for aircrafts including the Boeing B737 series (Classic & NG), ATR 42/72 family, and A320 family,” Datuk Bernard said, adding that AIROD is also certified by the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) for MRO services, with approvals from 8 other National Aviation Authorities (NAA) across the Asia-Pacific region.“With such a strong foundation, we are happy to partner with AIROD to ensure that our aircraft are always at optimum level of performance,” Datuk Bernard stressed.He added that AIROD also has a list of impressive local customer base including AirAsia Group, Batik Air, Kargo Xpress, Firefly, Berjaya Air, Raya Airways, and MyJets.“Our passengers trust us to get them safely from one destination to another, and this trust must be earned and maintained. By partnering with AIROD, we are reaffirming our commitment to safety and ensuring that our aircraft maintenance is in the hands of one of the most reputable MRO providers in the industry. This will empower us to focus more on our core mission of delivering seamless and exceptional travel experiences to our customers.” Datuk Bernard said.TransNusa, which had to close it business operation in September 2020 due to impact of the Covid-19 pandemic on the aviation industry, started operations again after injection of new shareholders and management team led by Malaysian-born aviation industry veteran, Datuk Bernard Francis, in October 2022.Within 6 months, under the leadership of Datuk Francis, the airline introduced its first international route between Jakarta and Kuala Lumpur and celebrated its first-year anniversary for this route on April 14, 2024. In August, this year, TransNusa became the first international airline to operate daily scheduled flights from Subang airport to Jakarta.Since the change in management team, TransNusa has been contributing and changing the aviation landscape in Indonesia. It has been making headlines in Indonesia, Malaysia, Singapore, China and around the world with news of being the first airline in Indonesia and the world to develop and introduce a new domestic route connecting Bali and Manado. TransNusa also became the second Indonesian airline to receive approval to fly to China and provided its passengers with more pricing and route options to China.In October, the airline yet again experienced another milestones by becoming the first Indonesian airline and second airline in the world to launch scheduled flight from Manado to Guangzhou, China.Primary Media ContactTrina Thomas Raj0124992672trina@myqaseh.orgAbout TransNusa TransNusa Airline, is a Premium Service Carrier. After the take-over, in February 2024, the airline rebranded itself from being a Low-Cost Carrier to a Premium Service Carrier in line with its upgraded aircrafts that offers better comfort as well as based on the flexibility and quality of the services offered. TransNusa, which received its AOC certification on 9th September 2022, launch its first three A320 operations on 6th October, 14th October and 12th December, 2022. The airline, which became the first outside of China to utilise Comac, received its first ARJ21 on 22nd December, 2022. In 2023, TransNusa introduced a new business model making it the first Premium Service Carrier in the Asia Pacific region. TransNusa introduced its first international flight on 14th April, 2023. The airline is currently based in Jakarta Soekarno-Hatta International Airport.The airline currently flies to Yogyakarta and Bali. On the international front, TransNusa flies to Singapore, Guangzhou, Kuala Lumpur and Johor. The airline became the second Indonesian airline to fly to China and the first Indonesian airline to launch a Premium Service Carrier business model.Passengers can book their flights on the TransNusa website (www.transnusa.co.id), through authorized travel agents in Singapore, Malaysia and Indonesia, or by contacting the airline's customer service centre at, +62216310888. For the Singaporean market, passengers can contact TransNusa’s General Sales Agent, Chariot Travels Pte Ltd, at +65 86602719 while for the Malaysian market, passengers can contact MKM Ticketing Travel & Tours Sdn Bhd at +60378312581. Copyright 2024 ACN Newswire via SeaPRwire.com.
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