Betting Big on Content: CMGE Steers Through Industry Waves with Robust Lineup ACN Newswire

Betting Big on Content: CMGE Steers Through Industry Waves with Robust Lineup

HONG KONG, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - The success of Black Myth: Wukong, a game steeped in the Chinese cultural aesthetics, is underscoring the vast potential for top-tier IP games from China and igniting confidence for developing high-quality products with global appeal.At a recent interim results briefing, CMGE (0302.HK) management noted that “The success of games like Black Myth: Wukong, Wuthering Waves, and Zenless Zone Zero has reinforced our commitment to producing cross-platform blockbusters under the strategy of self-development, proprietary IP operation, and self-publishing.”As the Chinese game tycoon with the largest IP portfolio, CMGE is doubling down on leveraging major IPs like Legend of Sword and Fairy and One Piece. With a strong focus on technological innovation, CMGE aims to deliver high-quality, long-lifecycle games that redefine the revenue patterns and outlive industry cycle.Traveling Light: Lean Operations Drive Steady ProfitsOn August 28, CMGE unveiled its financial results for the first half of 2024, reporting a total revenue of RMB 1.23 billion, including 14.3% from overseas operations, and an adjusted net loss of RMB 208 million.The first half of 2024 saw severe challenges and volatility across the game industry. In response, CMGE adopted a more prudent financial approach by accounting for impairments on certain investments, write-downs on prepayments for unlaunched games, and adjustments to non-operating financial assets.Through this adjustment, CMGE expects to “travel light and pave the way for future profitability. It also shows CMGE’s ongoing commitment to developing premium games anchored by strong IPs.Despite industry turbulence, CMGE’s core operations have remained profitable throughout the first half of 2024, thanks to its sharp focus on an IP-driven strategy that continuously strengthens player viscosity. Impressive key operational metrics include 14.392 million MAUs, 47.297 million new registrations, and 1.027 million monthly paying users contributing an ARPPU of 200.2 yuan.By business segment, publishing was a big revenue driver, generating 1 billion yuan in the first half of 2024. Soul Land: Shrek Academy topped the Apple Store’s free games chart within a month of its debut in January, pulling in a monthly revenue of over 100 million yuan. Fights Break Firmament: Peak Confrontation secured the second spot on the chart within a month of its debut in June, setting the stage for further growth in the second half of the year.CMGE has made remarkable strides in global expansion, raking in 176 million yuan from overseas publishing, a year-on-year increase of 41.5%. A major contributor to this growth was the release of Legend of Sword and Fairy: Wen Qing an RPG card game based on the popular Legend of Sword and Fairy IP. Launched in December 2023 across Hong Kong, Macau, and Taiwan, the game soared to the top of the Apple App Store’s free charts in all three regions, showcasing the lasting popularity of the Legend of Sword and Fairy series among Chinese-speaking players.On the R&D front, CMGE reported an R&D revenue of 126 million yuan and an R&D investment of 110 million yuan in the first half of the year. Notably, R&D expenses dropped by 58.71% compared to the same period last year, thanks to the integration of AIGC into game development, which raised efficiency and reduced costs. Meanwhile, CMGE’s highly anticipated Sword and Fairy World is already under final test. Reductions in design and development costs inspire a more optimistic outlook on future profitability.CMGE is intensifying its focus on the Legend of Sword and Fairy IP, strategically extending its influence into film, animation, and merchandise. This multi-faceted approach has consistently unlocked new revenue streams, enhancing the brand’s value and market presence. In the first half of this year, CMGE’s IP licensing revenue surged to 107 million yuan, marking a substantial 79% year-over-year growth. This impressive performance stems from a series of high-profile adaptations of the Legend of Sword and Fairy series, including Sword and Fairy 4, a TV series produced in collaboration with iQiyi; Sword and Fairy, a TV drama based on Sword and Fairy 6 and developed alongside Shandong Film and TV; and The Return of Xiaoyao, a reinterpretation of Legend of Sword and Fairy coproduced with Tencent Video. These adaptations have not only captivated audiences but also garnered critical acclaim, further solidifying the franchise’s stronghold in the market.Leveraging its premier IP assets, CMGE has maintained steady growth while strategically streamlining its balance sheet through accounting impairments. This positions the company for renewed momentum in the competitive game industry.All About the Game: Chinese-Inspired Sword and Fairy World Gears Up for LaunchFor CMGE, thriving in shifting market cycles isn’t about short-term wins but about building long-term capabilities. The company’s “product-first” philosophy centers on delivering high-quality games based on top-tier IPs, helping it stand out in a crowded market and avoid the pitfalls of low-quality saturation. As CMGE Chairman Xiao Jian recently stated, “IP is more than just a cultural symbol—it’s a value system and almost a belief. In fact, it has become the cornerstone for creating competitive barriers in the game industry.”A key example of this strategy is Sword and Fairy World, an open-world RPG rooted in the iconic Legend of Sword and Fairy IP. After more than three years of dedicated endeavor, the game has successfully secured licenses for both PC and mobile platforms, showcasing CMGE’s commitment to excellence.Sword and Fairy World, a game derived from one of China’s most cherished IPs, features a vast and immersive open-world experience. Spanning 384 square kilometers, the game is rich in traditional Chinese cultural elements, allowing players to explore breathtaking landscapes—from the picturesque scenery of Jiangnan to the majestic peaks of Mount Shu and the mysterious miao regions. As Chinese cultural themes gain traction in gaming, insiders suggest that Sword and Fairy World has a chance of becoming a major hit, potentially rivaling titles like Black Myth: Wukong.CMGE also employs immense efforts in elevating gameplay, doing all out to create a top-tier open-world RPG. On the one hand, it gives the best play to the cultural connotation of its IPs and keeps adding contents. On the other hand, it also invents new ways of gameplay, having introduced a unique pet collection system inspired by Chinese mythology and fantasy to innovate core gameplay. CMGE continues to upgrade visual fidelity and environmental realism to deliver a more immersive interaction and create a comprehensive, next-level player experience that resonates with both domestic and global audiences.CMGE is setting a new standard for player immersion by integrating AI-driven NPCs into its upcoming games. These NPCs will react to the environment and engage in conversations that mirror real-world interactions, creating a vibrant, lifelike social ecosystem within the game. Players will also have access to advanced AI-powered customization tools, including facial recognition and voice modulation, allowing for more personalized expressions and interactions and sparking players’ creativity in the virtual world.Building on the success of the renowned Legend of Sword and Fairy IP, Sword and Fairy World has repeatedly ranked among the “Most Anticipated Games” of 2024. Having successfully passed the first three tests, the game is nearing its final test before a full release later this year. The number of pre-registrations is already approaching 5 million and could surpass 10 million by the time of debut.CMGE’s focus on IP-driven, premium games is paying off handsomely. By capitalizing on the popular Legend of Sword and Fairy IP and potential video and animated adaptations, CMGE is successfully broadening its audience base, enhancing user viscosity and lowering customer acquisition costs. This strategy positions the company for sustained profitability. A cornerstone of CMGE’s approach is its emphasis on open-world games, a growing industry trend that greatly increases user capacity and game lifecycle. Openness and creativity are set to drive higher player engagement and LTV. The eagerly awaited Sword and Fairy World, CMGE’s upcoming open-world title, will be available across multiple platforms, with the PC version projected to achieve a gross margin near 70%.Industry analysts forecast that the launch of Sword and Fairy World will notably increase the share of long-cycle products in CMGE’s lineup. This not only highlights the lasting value of the Legend of Sword and Fairy IP, but also redefines the traditional profitability trajectory for games, paving the way for sustained, high-revenue growth. With this forward-thinking strategy, CMGE is primed for enhanced profitability and long-term financial success.Growth on the Horizon: CMGE’s Strong Pipeline Set to Fuel ExpansionCMGE is ramping up its global expansion and refining its product lineup to bolster the stability and predictability of its long-term growth. With an impressive slate of titles set for the second half of 2024, CMGE is gearing up to enhance its performance reliability.In the second half of 2024, CMGE’s publishing division will make a significant impact with a series of high-profile IP-based game launches. Key upcoming titles include Soul Land: Space and Time Reversal , Daily Life of Chat Group, Naruto: Konoha Masters, New Romance of the Three Kingdoms: The Legend of Cao Cao, Country Love: Business Life , Chunqiu Mystery, and the casual mini-game Sanqian Huanshi. The recent launch of Soul Land: Shrek Academy in Hong Kong, Macau, and Taiwan on August 22, 2024, soared to the top of the Apple App Store’s free charts in all three regions during its debut week. Looking ahead, CMGE is planning to release Smash and Code: FA in Hong Kong, Macau, and Taiwan and bring Dynasty Warriors: Hegemony to the Japanese market in the second half of the year. With these strategic moves, CMGE aims to solidify its position and drive continued growth across key global regions.CMGE is betting big on its internal development to fuel growth in the second half of the year. Leading the charge are key titles including Sword and Fairy World and World of Castellan , which will benefit from expanded promotional efforts, alongside a new installment in the iconic franchise, Code: Dark Night Legend. These self-developed games are expected to make a substantial impact on the company’s overall performance.“Strategy is not predicting the future. Instead, it’s about making decisions today to be ready for an uncertain tomorrow,” analysts emphasize, channeling Peter F. Drucker’s wisdom. CMGE exemplifies this with a robust IP-driven, product-first strategy. By honing in on high-quality game development, the company is building a unique competitive moat to secure long-term stability and eventually outlive industry cycle.For further information, please contact:PEANUT MEDIA LIMITEDDirect Line: +86-755-61619798 x8210Email: hswh.project@czgmcn.com Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Cambridge Isotope Laboratories, Inc. Expands 13C Production Capacity With North Star Project ACN Newswire

Cambridge Isotope Laboratories, Inc. Expands 13C Production Capacity With North Star Project

TEWKSBURY, MA, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - Cambridge Isotope Laboratories, Inc. (CIL), the global leader in 13Cand 13C urea production, is excited to announce the startup of its North Star project, significantly increasing the company's production capabilities.CIS AerialThe North Star project commenced in mid-2020 as the world's largest 13C production cascade. After the complex build of phase one finished in March 2024, CIL began to introduce naturally abundant product into the front end of the distillation cascade. With each stage of the cascade, the predicted enrichment has exceeded expectations, and the overall performance has been exceptional. The first highly enriched 13C finished product will be captured in October of 2024. CIL will build more front-end systems to bring final production of the cascade to world scale capacities by April 2025."This is CIL's fourth 13C production system since 1990. With each system, our team of talented engineers have incorporated their 30-plus years of design, operation, and construction experience into the next system. Our North Star cascade is certainly proving that knowledge and experience pays impactful dividends for CIL and our customers," said Cliff Caldwell, CEO of CIL."CIL's talented organic chemists incorporate our 13C product into a myriad of labelled organic compounds with significant importance in environmental testing, biopharmaceutical research, and medical diagnostics. One critical product is 13C Urea used in the detection of H-pylori infections in humans. H-pylori is widespread throughout the world and can lead to stomach ulcers and stomach cancer. 13C urea provides a low-cost detection method to allow for treatment and elimination of H-pylori. The North Star project assures CIL's commitment to meeting the needs of 13C urea and accommodate future growth in other critical applications," states Mike Steiger, Vice President of Engineering and Project Execution.For years, CIL has been the go-to expert in cryogenic distillation, solidifying its position as the world's top producer of 13C isotopes. CIL's customers can be assured they have the reliable capacity of 13C to meet enable the commercialization of their research.About Cambridge Isotope Laboratories, Inc.CIL is the world's largest manufacturer and global supplier of stable isotopes and stable isotope-labeled compounds used in research, environmental, pharmaceutical, medical diagnostic, OLED, and industrial markets. CIL subsidiary ABX, located in Dresden, Germany, is active in the development and commercialization of radio isotopic-labeled compounds for the diagnosis and treatment of cancers. CIL is an operating business owned by Otsuka Pharmaceutical. The CIL business consists of two facilities in the Boston, MA, area; a large isotope-enrichment production plant in Xenia, OH; CIL China; CIL Canada; ABX in Dresden, Germany; and Eurisotop in Saclay, France. For more information on CIL, visit isotope.com.Contact InformationCrissy Kriskocrissyk@isotope.com1.978.269.1930SOURCE: Cambridge Isotope Laboratories, Inc. Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Moolec Confirms US Harvest and Promising Yields for Plant-Grown Products GLASO(TM) and Piggy Sooy(TM) in October ACN Newswire

Moolec Confirms US Harvest and Promising Yields for Plant-Grown Products GLASO(TM) and Piggy Sooy(TM) in October

Luxembourg, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - Moolec Science SA (NASDAQ:MLEC) ("The Company", "Moolec"), a science-based food ingredient company, announced today the harvest confirmation of US campaigns for genetically engineered plant-grown products GLASO™ and Piggy Sooy™ during October 2024.GLASO™ and Piggy Sooy™ US Harvest AnnouncementGLASO™ (gamma-linolenic acid -GLA- in safflower oil) campaign located in Idaho consists of 600 planted acres of genetically modified safflower, mainly for commercial purposes. As a result of the harvest, Moolec is expecting to produce between 300 to 400 tons of safflower seeds that contain high levels of GLA. To allocate most of the upcoming GLASO™ production, Moolec has secured an offtake agreement with a major global CPG company, targeting the US market in 2025. Following a successful and rigorous audit from Moolec's CPG customer, production is set to begin in late 2024.The Company is also developing a broader commercial strategy to reach larger markets and clients. Moolec's GLASO™ product contains almost 3 times more GLA than conventional sources such as borage and primrose oil, making it the most concentrated GLA oil available on the market.Piggy Sooy™ (porcine myoglobin in soybean seeds) field trials are being carried out in 3 different US locations: Ohio, Missouri and Iowa. Main purposes for the campaign are product development (sampling), seed increase and gathering of environmental and regulatory data to continue Moolec's US-FDA approval pathway. The Team also projects a remarkable first open field performance for its bioengineered soybean Piggy Sooy™ after recent approval for cultivation from USDA-APHIS. This has set an unprecedented milestone in biotechnology last April, with Moolec becoming the first Molecular Farming company to obtain this kind of clearance for food crops growing animal proteins in US territory.Chief Technology Officer and Co-Founder Martín Salinas stated: "Our commitment to scaling Moolec's Molecular Farming Technology is demonstrated by our GLASO™ campaign and the field trials of Piggy Sooy™. These efforts not only reinforce our position as pioneers in the industry but also lay the foundation for sustainable solutions in agriculture and biotechnology." He then finished by remarking: "One acre of Piggy Sooy™ could potentially produce pork meat proteins equivalent to 10 pigs, reducing water footprint, land usage and CO2 emissions. This is a clear demonstration on how we promote environmental improvements throughout all our operations. Our aim is to heal the meat production system."Contact InformationPress & Mediacomms@moolecscience.comInvestor Relationsir@moolecscience.comRelated FilesMoolec Confirms US Harvest And Promising Yields For Plant-Grown Products GLASO™ And Piggy Sooy™ In October - 2024.09.05SOURCE: Moolec Science Copyright 2024 ACN Newswire via SeaPRwire.com.
More
ARCEOs’ Conference 2024 Held in Indonesia: Achieving Sustainability through Digital Innovation ACN Newswire

ARCEOs’ Conference 2024 Held in Indonesia: Achieving Sustainability through Digital Innovation

Bandung, W Java, Indonesia, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - The 44th ASEAN Railway CEOs’ Conference (ARCEOs’ Conference) was successfully held in Bandung, Indonesia, from September 2-5, 2024. With the theme "Driving Sustainability with Digital Innovation," this year’s ARCEOs’ Conference focused on sustainable and eco-friendly railway development supported by digital transformation in safety and service aspects.Indonesia's Minister of Transportation Budi Karya Sumadi and delegates of 8 ASEAN railway operators share in the opening of The 44th ASEAN Railway CEOs' Conference (ARCEOs' Conference) in Bandung, Indonesia. Representing Indonesia, PT Kereta Api Indonesia (Persero) (KAI) was appointed as the organizing committee for the ARCEOs' Conference, which was attended by seven other ASEAN railway operators including Keretapi Tanah Melayu (Malaysia), Vietnam Railways (Vietnam), Ministry of Public Works and Transport (Cambodia), Lao National Railways (Laos), Philippine National Railways (Philippines), Myanma Railways (Myanmar), and State Railway of Thailand (Thailand).ARCEOs' Conference delegates experience the first high-speed train in ASEAN, Whoosh In his address, Minister of Transportation of Republic of Indonesia Budi Karya Sumadi highlighted that Indonesia is currently experiencing significant growth in the railway sector with the operation of the first high-speed train in the ASEAN region, Whoosh."Moreover, in urban rail transportation, Indonesia is expanding its MRT network with ongoing construction, in addition to the Jabodebek LRT, and the latest is the Autonomous Rail Transit in Nusantara as the next capital city," he explained.The introduction of high-speed trains aims to advance transportation in Indonesia to enhance connectivity and the economy between Jakarta and Bandung through modern, eco-friendly mass transit.With the high-speed train, passengers need not worry about long travel times, as the Jakarta-Bandung route is covered in just 28 minutes, with a maximum speed reaching 350 km/h. Featuring more spacious and modern interiors, the high-speed train offers three classes with a total capacity of up to 601 passengers and dedicated spaces for the disabled.The event included several working group sessions to share best practices and discuss various issues ranging from the implementation of digital technology, railway human resource development, digital marketing, service transformation, to the application of high-tech railways like high-speed trains.KAI CEO Didiek Hartantyo stated that the goal of the 44th ARCEOs’ Conference is to strengthen relationships and cooperation among railway operators and industry stakeholders in ASEAN. Didiek emphasized that working together allows for achieving greater accomplishments and truly realizing the ASEAN spirit of mutual benefit, shared success, and resilience in facing various challenges."This year, our theme is 'Driving Sustainability with Digital Innovation.' We believe this theme stems from the global challenges we face, including the urgent need to address climate change, improve operational efficiency, and meet the growing demand for more sustainable transportation options. Additionally, advancements in technology and changes in customer demands play a significant role in shaping our focus," Didiek said.Delegates had the opportunity to experience the Whoosh train from Padalarang Station in Bandung, West Java, to Halim Station in Jakarta, followed by a tree planting activity. In addition to Whoosh, delegates had the chance to ride the Panoramic Train, designed to offer panoramic views along the journey with large windows on both sides.Furthermore, to support environmental sustainability and digital innovation, KAI deployed electric vehicles during the ARCEOs’ Conference, provided eco-friendly souvenirs, and used an app as an information platform throughout the event."We believe this conference will not only strengthen cooperation among railway operators but also promote sustainability and digital innovation in the spirit of ASEAN unity. Together, we can build a future where railways connect our nations and support ASEAN's growth and success," concluded Didiek.For more information, please contact: Anne Purba VP of Public Relations PT Kereta Api Indonesia (Persero) Email: anne@kai.id Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Fashion Hong Kong Runway Show elevates style aesthetics ACN Newswire

Fashion Hong Kong Runway Show elevates style aesthetics

HONG KONG, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - The Fashion Hong Kong Runway Show rounded off the first day of CENTRESTAGE, the annual Asian fashion extravaganza, last night (4 September). Building on the previous year's fusion of fashion and ballet, this year's event took interdisciplinary collaboration one step further, enlisting Weeds of Fire director Steve Chan to narrate the latest collections of four Hong Kong fashion brands – ANGUS TSUI, röyksopp gakkai, selfFab. and Z I D I – through cinematic storytelling, inviting the audience to explore the fashion realm from a new perspective.The show received enthusiastic acclaim from a multitude of industry professionals, celebrities and fashion enthusiasts. Notable attendees included Jennifer Yu, Alfred Hui, Philip Ng and Karl Ting.Organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA), CENTRESTAGE is now in full swing, running until 7 September at the Hong Kong Convention and Exhibition Centre. This year's fashion showcase brings together participants from 18 countries and regions and features a record-breaking 250 local and international brands. For the first time, the event spans four days and offers free admission for fashion buyers and members of the public to explore and shop.Photo download: https://bit.ly/4fXbqQdCelebrities at the Fashion Hong Kong Runway ShowJennifer Yu(wearing ANGUS TSUI)Alfred Hui(wearing ANGUS TSUI )Philip Ng(wearing selfFab.)Karl Ting(wearing ANGUS TSUI )(wearing Z I D I)Gigi & Sabrina Cheung(wearing röyksopp gakkai)ANGUS TSUI (Designer: Angus Tsui), Spring/Summer 2025 Collection Brand: ANGUS TSUI; Collection: GIGERPaying homage to the surrealist painter, sculptor and designer HR Giger, renowned for his contributions to the Alien film, Tsui’s latest collection blends futuristic elements with a sustainable ethos, embodying the brand's dedication to environmental conservation and design ingenuity.röyksopp gakkai (Designer: Chan Brun), Spring/Summer 2025 Collection Brand: röyksopp gakkai; Collection: citta-matraThe collection draws inspiration from the 1990s’ Japanese magical girl manga series Hime-chan's Ribbon created by Megumi Mizusawa, combining fashion with fantasy through the illustrations of artist Han Teng, creating a unique and dreamy collection through vintage handkerchief patchwork.SelfFab. (Designer: Menu Tsai), Spring/Summer 2025 Collection Brand: SelfFab.; Collection: RE-SYNTHDELICThe RE-SYNTHDELIC series draws inspiration from 1980s’ electronic music, merging uniform aesthetics with electronic music elements. The designs range from sportswear to everyday uniforms like school and work attire, symbolising a shift from routine conformity to celebrating liberation, breaking free from uniformity and expressing individuality through the incorporation of electronic music elements.Z I D I (Designer: Nathan Moy), Spring/Summer 2025 Collection Brand: Z I D I; Collection: Escher = mc2The series draws inspiration from Albert Einstein's iconic equation and Escher's infinite staircases, incorporating unexpected twists in each piece, disrupting traditional notions of functionality and challenging the wearer's perception of clothing, transcending the ordinary. WebsitesCENTRESTAGE: www.centrestage.com.hkCENTRESTAGE buyer online registration: https://bit.ly/3QNzd7M Fashion Hong Kong: https://www.fashionhongkong.com.hk/enHong Kong Young Fashion Designers' Contest (YDC): www.fashionally.com/enMedia enquiriesBest Crew Public Relations & MarketingDiana Tang Tel: (852) 9199 6723 Email: diana.tang@bestcrewpr.comReni Kwok Tel: (852) 6291 4283 Email: reni.kwok@bestcrewpr.comHKTDC’s Communications & Public Affairs Department:Snowy Chan Tel: (852) 2584 4525 Email: snowy.sn.chan@hktdc.orgTo view press releases in Chinese, please visit http://mediaroom.hktdc.com/tcAbout Fashion Hong KongFashion Hong Kong is a series of international promotional events organised by Hong Kong Trade Development Council (HKTDC) to promote Hong Kong fashion designers and labels in the global fashion arena.Since 2015, Fashion Hong Kong has actively participated in international fashion weeks and renowned events to showcase Hong Kong’s unique and diversified designers, with footprints in New York, London, Paris, Copenhagen, Tokyo, Seoul and Shanghai.About HKTDC The 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. 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.Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee. Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Hong Kong Services Sector Set for Mainland Sustainability Windfall ACN Newswire

Hong Kong Services Sector Set for Mainland Sustainability Windfall

HONG KONG, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - A new report has found that 99% of mainland-based businesses have made a commitment towards sustainable investment over the next three years. Hong Kong has emerged as their first choice for sourcing the necessary range of related professional services.The findings come as part of Seizing Opportunities in China’s Sustainable Investment, a joint research report published today by the Hong Kong Trade Development Council (HKTDC) and the Association of Chartered Certified Accountants (ACCA).Hong Kong: Key facilitator of sustainable developmentThe report was compiled after the two organisations surveyed 283 companies on their medium-term sustainability objectives. The research programme, which also included in-depth interviews with key industry representatives, aimed to evaluate the progress made by China-based businesses, as they align themselves with the Central Government's environmental priorities and explore the possibilities offered by green financing.Commenting on the significance of the survey, Irina Fan, Director of HKTDC Research, said: ‘As Asia’s leading green finance hub, Hong Kong has the potential to make a significant and lasting impact on Mainland China’s move to an ever more sustainable and environmentally friendly future.’‘With the city’s own progress to establishing itself as an international green finance and technology centre gathering pace, it is gratifying to see that its success to date is being widely recognised across the mainland. This vote of confidence confirms we are on the right trajectory to work with businesses throughout the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), within China as a whole and along the Belt and Road countries/economies.’Christina So, Head of ACCA Hong Kong and GBA Lead, said: ‘This study has delivered invaluable insights into the evolution of sustainable business practices in China, making it an essential reference tool for anyone looking to explore business opportunities throughout the country. It also underscores the need for a high standard of competence and a clear understanding of the sustainability agenda among finance and accounting professionals, something that we at ACCA are committed to delivering.’Healthy sustainable business practicesAnother key research finding was that the vast majority of survey participants are prioritising meeting the government’s policy objectives in the environmental impact space, especially with regard to substantially reducing carbon emissions.Many companies also highlighted other benefits of adopting greener business practices, including enhanced access to green finance and establishing positive brand values on an international basis.Barriers to sustainable investmentDespite the overwhelmingly upbeat sentiment with regard to adopting and implementing green protocols, many research respondents also reported ongoing challenges. These challenges are often slowing the rate at which agreed measures can be fully actioned. Chief among these concerns are cost pressures – cited by 82% of respondents – with an expectation that any return on investment in enhanced sustainability practices may not be evident in the short term.While many respondents were enthusiastic about exploring green financing, there was also uncertainty over how best to access these channels. Regardless of this, some 70% of respondents agreed that they were considering using a green financing channel to meet their future needs.Responding to the challenges facing the mainland business community, Wing Chu, Principal Economist of the HKTDC, said: ‘Despite the cost pressures highlighted, a major proportion of corporations is committed to investing in sustainability practices as a way to generate long-term value.’‘Interestingly, only a smaller fraction currently perceives the lack of knowledge and talent as challenges. However, they are keen on tapping into green financing to address their future needs. This approach is especially noteworthy, as numerous corporations are set to expand their investment in China and are committed to executing this growth sustainably.’Opportunities in green financingThe awareness of green financing options in China is still relatively low, with some 47%-56% of respondents indicating a lack of familiarity with many of the available options. Some 71% of respondents, however, maintained that they were willing to make wider use of green financing channels, including green loans and green bonds, while reducing their reliance on traditional financing options.Detailing how the local professional services sector has evolved to meet these challenges, Sam Chen, Regional Lead, Policy & Insights for ACCA China, said: ‘As businesses increasingly prioritise sustainable practices, understanding the local context and utilising green funding and technology has become crucial. There is now a wider understanding that a comprehensive approach to sustainability is essential, if businesses are to progress towards a more sustainable future, while continuing to deliver in value terms.’Respondents and interviewees for this research report were drawn from ACCA’s member community in China, which comprises finance professionals across a variety of key sectors, working at the forefront of an ever-changing business landscape.To further capture the green opportunities along the region, the Government of the Hong Kong Special Administrative Region (HKSAR) and the HKTDC are organising the ninth edition of the Belt and Road Summit, which will be held at the Hong Kong Convention and Exhibition Centre on 11-12 September.The event will gather green and ESG experts to facilitate knowledge exchange and cooperation on green development and sustainable finance, while showcasing Hong Kong's green industry capabilities globally. Under the theme of Building a Connected, Innovative and Green Belt and Road, there will be thematic breakout sessions on green development, infrastructure and financing.Seizing Opportunities in China’s Sustainable Investment (full report):https://research.hktdc.com/en/article/MTc5MTE4NzAzOQPhoto download: https://bit.ly/3z7laqvThe HKTDC and the ACCA today jointly released a research report entitled Seizing Opportunities in China’s Sustainable Investment. The press conference was chaired by (from right to left): Wing Chu, Principal Economist of the HKTDC; Irina Fan, Director of HKTDC Research; Christina So, Head of Hong Kong and GBA Lead, ACCA; and Sam Chen, Regional Lead, Policy & Insights – China, ACCAMedia enquiriesYuan Tung Financial Relations:Anson WongTel: (852) 3428 3413Email: awong@yuantung.com.hkLouise SongTel: (852) 3428 5691Email: lsong@yuantung.com.hkHKTDC’s Communications & Public Affairs Department:Clayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgAgnes WatTel: (852) 2584 4554Email: agnes.ky.wat@hktdc.orgACCAJacqueline LamTel: (852) 2973 1106Email: jacqueline.lam@accaglobal.comHKTDC 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. About ACCAWe are ACCA (the Association of Chartered Certified Accountants), a globally recognised professional accountancy body providing qualifications and advancing standards in accountancy worldwide. Founded in 1904 to widen access to the accountancy profession, we’ve long championed inclusion and today proudly support a diverse community of over 252,500 members and 526,000 future members in 180 countries. ACCA now has over 29,000 members and 125,000 future members in China, with representative offices and contact points in 11 cities including Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Shenyang, Qingdao, Wuhan, Changsha, Hong Kong SAR and Macau SAR.ACCA's unwavering commitment to building sustainable economies is at the heart of our global vision. Through our policy positions and insights, we strive to inform and influence decision-makers, promote ethical and responsible business practices, and support the transition to a better future. Find out more at accaglobal.com/hk or follow ACCA Hong Kong on social media: www.facebook.com/ACCA.HongKong | www.instagram.com/acca_hk | www.linkedin.com/showcase/acca-hong-kong | WeChat ID: ACCA_China Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Typhoon special arrangements for CENTRESTAGE Hong Kong Watch & Clock Fair Salon de TIME ACN Newswire

Typhoon special arrangements for CENTRESTAGE Hong Kong Watch & Clock Fair Salon de TIME

HONG KONG, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - As the Hong Kong Observatory has announced that the Tropical Cyclone Warning Signal No. 8 will be issued at 6:20pm, CENTRESTAGE, Hong Kong Watch & Clock Fair and Salon de TIME will be closed by that time.If the Tropical Cyclone Warning Signal No. 8 is cancelled at or before 2:00 pm on 6 September, the fairs will re-open two hours after the signal is cancelled, and the fairs’ opening hours for the remaining period will be extended to 7:30pm (Friday) and 7:00pm (Saturday).The fairs, however, will remain closed for the day if the Tropical Cyclone Warning Signal No. 8 is cancelled after 2:00 pm on 6 September.Websites:CENTRESTAGE: www.centrestage.com.hkCENTRESTAGE buyer online registration: https://bit.ly/3WYjnNIFashion Hong Kong: https://www.fashionhongkong.com.hk/enHong Kong Young Fashion Designers' Contest (YDC): www.fashionally.com/enHong Kong Watch & Clock Fair: https://www.hktdc.com/event/hkwatchfair/enSalon de TIME: https://www.hktdc.com/event/te/enMedia enquiries:CENTRESTAGEBest Crew Public Relations & Marketing:Diana Tang Tel: (852) 9199 6723 Email: diana.tang@bestcrewpr.comReni Kwok Tel: (852) 6291 4283 Email: reni.kwok@bestcrewpr.comHKTDC Communications and Public Affairs Department:Snowy ChanTel: (852) 2584 4525Email: snowy.sn.chan@hktdc.orgHong Kong Watch & Clock Fair, Salon de TIMEJohnny Tsui Tel: (852) 2584 4395Email: johnny.cy.tsui@hktdc.orgBubble MaTel: (852) 2584 4369Email: bubble.ma@hktdc.orgTo view press releases in Chinese, please visit http://mediaroom.hktdc.com/tcAbout HKTDCEstablished in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With more than 50 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With over 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing business insights and information via trade publications, research reports and digital channels including the media room. For more information, please visit: http://www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Banle Group Announces 2024 Interim Results at Webcast ACN Newswire

Banle Group Announces 2024 Interim Results at Webcast

Kuala Lumpur, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - Banle Group (NASDAQ: BANL) (“Banle” or “the Group”), a reputable marine fuel logistic company based in the Asia Pacific, announced today it will file its Interim report on Form 6-K for the year ended June 30, 2024 on Thursday, September 12, 2024.Banle Group will host a webcast on Friday, September 13, 2024, at 10:00 am HKT or Thursday, September 12, 2024, at 10:00 pm ET. Company management will discuss the Group’s business strategies and recent developments at the webcast.Company management attending:Mr. Teck Lim Chia – Chairman & Chief Executive OfficerMr. Raymond Chiu – Chief Financial OfficerMs. Venus Zhao – Investor Relations & Public Relations DirectorRegistration for the webcast is now open. Analysts and investors who wish to join the webcast are invited to register via the following link: https://webcast.roadshowchina.cn/SHMrSGhud1hrRTZTNmRkZ0dMb09Hdz09- End -About the Banle GroupCBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in over 60 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam, as of August 28, 2024. The Group actively promotes the use of sustainable fuels and is awarded with the ISCC EU and ISCC Plus certifications.For more information about our company, please visit our website at: https://www.banle-intl.comMedia InquiriesCBL International LimitedEmail: investors@banle-intl.comStrategic Financial Relations LimitedShelly Cheng Tel:(852) 2864 4857Iris Au Yeung Tel:(852) 2114 4913Email: sprg_cbl@sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Benefits of Citi Cash Back Credit Card ACN Newswire

Benefits of Citi Cash Back Credit Card

SINGAPORE, Sept 4, 2024 - (ACN Newswire via SeaPRwire.com) - Credit cards enable fast and seamless purchases while also giving cardmembers access to promotional offers across categories like shopping, dining, and entertainment. Some credit card issuers offer special cash back cards that give cardmembers the opportunity to earn cash rebates on eligible purchases. Based on the type of purchase, the credit card company transfers a percentage of the transaction value back into the cardholder's account.The Citi Cash Back Credit Card gives cardholders the chance to earn cash back rewards on a range of transactions from fuel purchases to dining, groceries and more. Keep reading to find out the benefits of using a cash back credit card for your everyday purchases.Citi Cash Back Credit Card and Its BenefitsThe Citi Cash Back Credit Card below grants cardmembers access to a host of benefits from cash back to discounts and deals.Cash Back BenefitsBase cash back on all retail purchases: With the Citi Cash Back Card you can earn 0.2% base cash back on all your qualifying retail purchases.S$300 welcome gift: New Citi cardmembers can earn S$300 in cash back rewards when they make qualifying purchases or payments worth S$800 in the first two months.When you spend a minimum of S$800 on qualifying retail purchases, you can earn bonus cash back across a range of categories.7.8% cash back on private commute: Your base cash back of 0.2% combines with the bonus rate of 7.8% to give you a total cash back rate of 8% on taxis and private-hire vehicle operators with MCC 4121 such as Grab, Comfort/Citycab and Gojek, etc.7.8% bonus cashback on petrol expenditures: Get a combined 8% cash back (base 0.2% plus bonus cash back) on petrol transactions.5.8% bonus cash back on dining and grocery purchases: Earn a combined cash back of 6% on eligible dining and grocery spends.Other BenefitsTravel coverage: You can get up to S$1 million coverage when you charge your travel tickets with Citi Cash Back Card. You can activate your travel insurance prior to travel to enjoy the Complimentary Travel Insurance feature.Local deals and discounts: Explore a wide range of promotional discounts and other offers when you shop at select retailers, restaurants, etc. with Citi World Privileges.Fuel savings: Enjoy fuel savings of up to 23.64% at Caltex, Esso and Shell (inclusive of 8% cash back).Convert large purchases into instalments: Make large purchases more manageable by converting them into monthly instalments with the Citi PayLite Instalment Program.Converting card statement into instalments: The FlexiBill Instalment Program allows you to convert large outstanding credit card statement balances into smaller payments.Instant cash: With the Quick Cash Program, you can get cash instantly to fulfil your emergency monetary needs.Final ThoughtsAlong with the benefits mentioned above, Citi Cash Back Credit Cards offer various benefits that can help you save more on eligible transactions. To apply for a Citi Cashback Credit Card in Singapore, log on to the official Citibank website and apply for the card in just a few simple steps. However, before applying for a credit card , do check the eligibility criteria, documents required and terms and conditions of the card. Along with the credit card cash back that you can get on eligible retail purchases, you can also leverage the additional perks that these cards offer.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: CITI Singapore Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Annual fashion extravaganza CENTRESTAGE begins today ACN Newswire

Annual fashion extravaganza CENTRESTAGE begins today

- CENTRESTAGE is taking place at the Hong Kong Convention and Exhibition Centre from 4 to 7 September, with free entry to both industry buyers and the general public for the entire event for the first time- The fair features five zones, including the new Athleisure and Circular Fashion zones, reflecting trends in sportswear and sustainability respectively- Record-breaking participation of more than 250 brands from 18 countries and regions, including prestigious and internationally renowned labels, underscoring Hong Kong’s status as Asia's creative hub- Renowned fashion designer Roksanda Ilincic held a sharing session today and Robert Wun will host a masterclass session tomorrow. He will also showcase his design collection in an exclusive exhibition zone- A series of fashion shows will take centre stage, including the Fashion Hong Kong Runway Show, which features a crossover between film and fashion with Weeds on Fire director Steve Chan, showcasing design pieces from four local designers- The exhibition culminates with the Hong Kong Young Fashion Designers' Contest on 7 September, with Masayuki Ino, founder and designer of Japanese fashion brand doublet, serving as a guest judgeHONG KONG, Sept 4, 2024 - (ACN Newswire via SeaPRwire.com) - Organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA), CENTRESTAGE began today at the Hong Kong Convention and Exhibition Centre (HKCEC) and will put on a scintillating show for attendees until 7 September. This edition of CENTRESTAGE sees a significant milestone as, for the first time, the event welcomes both industry buyers and the public free of charge for the entire duration. Numerous fashion and accessory brands are helping to offer a unique shopping experience for fashion enthusiasts from far and wide. The fair allows brands to expand their business connections and supports the growth of Hong Kong's creative industries.Sophia Chong, Deputy Executive Director of the HKTDC, said: "This edition of CENTRESTAGE has shattered previous event records with more than 250 participating brands from 18 countries and regions. For the first time, this four-day exhibition welcomes the public free of charge for its entire duration, alongside the Hong Kong Watch & Clock Fair and Salon de TIME, with the goal of creating synergies and advancing our local creative industries. Yesterday's CENTRESTAGE ELITES featured a stunning show from internationally renowned haute couture designer Robert Wun, attracting global fashion buyers, pivotal figures in the local industry and fashion enthusiasts, and helping to reaffirm Hong Kong's status as a creative hub. Over the next four days the exhibition will help to forge new business opportunities in the fashion industry and energise our mega event economy at the same time."Entering its ninth edition, CENTRESTAGE has become a hallmark event for Asia-Pacific and international fashion, attracting renowned global brands. Notable among the labels joining this year’s event are the eponymous brand of Robert Wun, who became the first Hong Kong-born designer to grace the prestigious Paris Haute Couture Fashion Week; renowned British brand ROKSANDA; sustainable luxury fashion brand PATRICK McDOWELL; globally renowned French brand BLVCK PARIS, which now has millions of social media followers; and avant-garde Italian brand LH (LA HAINE INSIDE US).The exhibition also presents a diverse array of brands from Mainland China, Taiwan, Japan, Korea and India, as well as ASEAN countries such as Indonesia, Singapore, Thailand and Vietnam and European countries including Finland, Sweden and the United Kingdom. Hong Kong also has a significant presence, showcasing several brands for the first time, including MORAL, KnitWarm, Z I D I, 35 Degrees, STELLAM, SWAZ Jewelry, LOVE BY THE MOON and others.The CENTRESTAGE exhibition area features five zones, including the new Athleisure and Circular Fashion zones, reflecting trends in sportswear and sustainability respectively, alongside the Craftsmanship, Contemporary and Urban zones that each showcase distinctive fashion design elements.The HKTDC continues to invite buyers from around the world to source at CENTRESTAGE, including major multi-brand stores such as H. Lorenzo from the United States, Elevastor from France, VOO Store from Germany, The Four-Eyed Limited from Japan, Beaker from South Korea, and CLUB DESIGNER from Taiwan, and department stores including Hankyu from Japan and Galeries Lafayette from France.Embracing cross-disciplinary creativity and brand collaborationsCENTRESTAGE features a series of captivating fashion shows for industry professionals and the public. The show presented by Hong Kong fashion platform FASHIONALLY today unveiled the latest collections from five local designers, including CHARLOTTE NG STUDIO, From Clothing Of, Lapeewee, IP Axis Studio and WHY. Internationally acclaimed golf brand ASHWORTH has collaborated with renowned Hong Kong designer Mountain Yam, debuting a collaborative line of athleisure wear that rides the wave of sporting enthusiasm ignited by the Paris Olympics.Tonight’s Fashion Hong Kong Runway Show presents a distinctive blend of fashion and film, unveiling the latest collections from four fashion brands: ANGUS TSUI, röyksopp gakkai, selfFab., and Z I D I. A fashion short film helmed by Steve Chan, director of Weeds on Fire (winner of the 1st First Feature Film Initiative organised by the CCIDA, formerly known as Create Hong Kong), will premiere during the show, blending elements of cinema and the catwalk for an extraordinary viewing experience. The fashion show will be live-streamed on the CENTRESTAGE and Fashion Hong Kong websites, Fashion Hong Kong's Instagram page, as well as the HKTDC's Facebook page and YouTube channel, allowing audiences to enjoy the experience live online or revisit after the show.As a pivotal event in the Asia-Pacific fashion industry, CENTRESTAGE will host iconic fashion shows from various regions, including the "Greater Bay Area Fashion Fusion Show" organised by Fashion Farm Foundation with the CCIDA as the Lead Sponsor; the "Macao Fashion Parade" by the Macao Productivity and Technology Transfer Center; the "Thai Designers' Showcase" by Thailand’s Department of International Trade Promotion; and the “Young Knitwear Designers’ Contest” from the Knitwear Innovation and Design Society.Fashion supremo Robert Wun hosts masterclass sessionThe grand opening show, CENTRESTAGE ELITES, featured a premiere fashion show themed “Home Coming” from internationally acclaimed fashion designer Robert Wun. The event was held last night at the Hong Kong Palace Museum – the first fashion show to be held at this iconic venue. The show offered a colourful spectacle that left a deep impression on the audience. The entire show was live-streamed across various online platforms and can be revisited on the CENTRESTAGE website, as well as the HKTDC's YouTube channel and Facebook, Instagram and Weibo pages. Tomorrow (5 September) from 3:30pm to 4pm, Mr Wun will host a masterclass sharing session, offering insights into his remarkable journey in the realm of fashion design. Members of the public can register in advance on the exhibition's website to secure a spot, as seating is limited and available on a first-come, first-served basis. In addition, the exhibition features a zone dedicated to Mr Wun’s work, showcasing his latest design collections.Spectacular fashion shows and top designers sharing success storiesIn addition to presenting a series of captivating fashion shows, CENTRESTAGE serves as a platform for industry exchange and discussions on the future development directions within the fashion sector. Seminars and sharing sessions exploring fashion trends and industry advancements are scheduled throughout the exhibition period. Earlier today, British master designer Roksanda Ilincic held a sharing session and engaged with attendees on topics ranging from her creative inspirations to exploring the path to brand success. Her brand, ROKSANDA, has garnered international acclaim and been worn by prominent figures such as American pop icon Lady Gaga, former United States First Lady Michelle Obama and British royal Kate Middleton. Tomorrow, the Laboratory for Artificial Intelligence in Design (AiDLab) will delve into the utilisation of artificial intelligence (AI) in fashion design, while on 7 September representatives from Redress and Advance Denim will share insights on sustainable fashion industry practices.CENTRESTAGE concludes with the highlight event, the Hong Kong Young Fashion Designers' Contest (YDC), on 7 September. The competition welcomes Masayuki Ino, founder and designer of Japanese fashion brand doublet, as VIP judge alongside a panel of industry experts who will select the winners in four categories: Champion, the Excellence Award, Best Art Direction and My Favourite Collection. Members of the public are invited to participate by casting their vote online (https://bit.ly/YDC2024_Vote_Now) for the latter category, with a chance to win one of five HK$2,000 Lee Gardens Area e-gift coupons sponsored by Hysan Development.AI virtual try-on experience, limited-edition fragrance and figures for redemptionHong Kong fencers have sparked a fencing craze in the city having shone at the Paris Olympics. CENTRESTAGE has set up a fencing game in the Athleisure zone, allowing participants to wield prop swords and face off against AI fencers on screen, experiencing the thrill of the sport. After visitors take photos, the system automatically generates images of them wearing selected virtual outfits that are available for downloading as mementos. What’s more, fashion enthusiasts can redeem limited-edition goodies onsite, such as a fragrance specially blended for CENTRESTAGE by Taiwanese perfume brand NAZO, and figures crafted in collaboration with Hong Kong's trendy toy brand LeeeeeeToy.CENTRESTAGE runs concurrently with the HKTDC Hong Kong Watch & Clock Fair and Salon de TIME to offer attendees a diverse fashion journey as they explore a wide range of branded clothing and renowned timepieces. Visitors also have a chance to enter the CENTRESTAGE X Watch & Clock lucky draw that takes place throughout the event.Photo download: https://bit.ly/47dwEp0CENTRESTAGE kicked off today at the Hong Kong Convention and Exhibition Centre, with brands from around the world, including many internationally renowned labels, unveiling their latest collections at the four-day event.Joining for the glittering spectacle at CENTRESTAGE ELITES were (from left) Sophia Chong, Deputy Executive Director of the HKTDC, Shirley Chan, Council Member of the HKTDC; Vivian Sum, Permanent Secretary for Culture, Sports and Tourism of the Government of the HKSAR; Katherine Fang, Chairman of the HKTDC Garment Advisory Committee; featured designer Robert Wun; Dr Peter K N Lam, Chairman of the HKTDC; Eric Chan, Chief Secretary for Administration of the Government of the HKSAR; Margaret Fong, Executive Director of the HKTDC; Sunny Tan, Legislative Council Member; Raistlin Lau, Under Secretary for Culture, Sports and Tourism of the Government of the HKSAR; and Winnie Tse, Deputy Secretary for Culture, Sports and Tourism of the Government of the HKSAR; Patrick Yeung, CEO of the Hong Kong General Chamber of Commerce.For the first time, CENTRESTAGE is opening its doors for four consecutive days to both industry buyers and the general public, with some brands offering visitors the chance to purchase fashionable attire from around the world. Visitors can also redeem limited-edition CENTRESTAGE goodies, including perfumes and models from a trendy toy brand.The first fashion show, FASHIONALLY Collection, featured five local designer brands, including CHARLOTTE NG STUDIO, From Clothing Of, Lapeewee, IP Axis Studio and WHY.British master designer Roksanda Ilincic hosted a sharing session, engaging with participants and discussing the path to success in the fashion world.Websites CENTRESTAGE: www.centrestage.com.hkCENTRESTAGE buyer online registration: https://bit.ly/3WYjnNIFashion Hong Kong: https://www.fashionhongkong.com.hk/enHong Kong Young Fashion Designers' Contest (YDC): www.fashionally.com/enMedia enquiriesBest Crew Public Relations & MarketingDiana Tang Tel: (852) 9199 6723 Email: diana.tang@bestcrewpr.comReni Kwok Tel: (852) 6291 4283 Email: reni.kwok@bestcrewpr.comHKTDC Communication and Public Affairs Department:Snowy Chan Tel: (852) 2584 4525 Email:snowy.sn.chan@hktdc.orgHKTDC Newsroom: http://mediaroom.hktdc.com/enAbout the HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong ’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. About Cultural and Creative Industries Development Agency (CCIDA)The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan.CCIDA’s website: www.ccidahk.gov.hk.Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee. Copyright 2024 ACN Newswire via SeaPRwire.com.
More
CISO New Zealand: Partnering with ACN Newswire to Unite Top InfoSec Leaders and Offer Exclusive Discounts ACN Newswire

CISO New Zealand: Partnering with ACN Newswire to Unite Top InfoSec Leaders and Offer Exclusive Discounts

Auckland, New Zealand, Sept 4, 2024 - (ACN Newswire via SeaPRwire.com) - The highly anticipated CISO New Zealand conference is set to take place on 19-20 November 2023 at the Grand Millennium Auckland. This premier event will gather leading decision-makers and industry influencers from top organisations to explore cutting-edge cybersecurity strategies and trends. CISO New Zealand will focus on critical topics shaping the future of information security, including:- Cybersecurity intelligence- Governance and risk management- Incident identification and response- Secure adoption and utilisation of AIThe two-day conference offers attendees unparalleled opportunities to enhance their security practices, network with peers, and gain insights from New Zealand's top InfoSec leaders. Participants will engage in in-depth discussions and learn from industry experts, ensuring they stay ahead in the rapidly evolving world of cybersecurity."We're thrilled to bring together the brightest minds in cybersecurity for CISO New Zealand," said Corinium Global Intelligence’s Michelle Ribeiro, Conference Director. "This event is crucial for professionals looking to strengthen their security strategies and connect with the best in the field."Interested participants can register now at https://bit.ly/3XuviTB. A special discount code, CISOPAR500, is available for a limited time, offering $500 off the standard registration rate. For more information about CISO New Zealand, please visit CISO New Zealand 2024 - Home (coriniumintelligence.com).About Corinium IntelligenceCorinium Intelligence is a global leader in providing conferences, events, and content to the information and technology industries. With a focus on fostering collaboration and innovation, Corinium Intelligence brings together industry leaders to share insights, best practices, and strategies for success.For more information, please contact:Moira UngerleiderMarketing Managermoira.ungerleider@coriniumgroup.com. Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Legacy Secures Four Companies for US Listing ACN Newswire

Legacy Secures Four Companies for US Listing

KUALA LUMPUR, Sept 4, 2024 - (ACN Newswire via SeaPRwire.com) - Legacy Corporate Advisory Sdn. Bhd. ("Legacy" or the "Company"), a financial services company that specialises in Initial Public Offerings (“IPO”), financial planning and funding solutions, is pleased to announce the signing ceremony with companies which are Neutral Transmission Malaysia Sdn. Bhd., I Bella Sdn. Bhd., Autoplay Group Sdn. Bhd. and AE Carbon Capital Ltd. on the United States (“U.S.”) Listing. These engagements mark a major step forward in pursuing a U.S. Listing, facilitated by Legacy as an IPO consultant.1. Ms. Michelle Lee, Managing Director of AE Carbon Capital Ltd2. Mr. Leopold Chew Wee Chet, Director of Neutral Transmission Sdn. Bhd.3. Dr. Mohamed Bin Awang Lah, Founder & CEO of Neutral Transmission Malaysia Sdn. Bhd.4. Mr. Ted W.Teo, Chief Representative of East West Bank5. Mr. Nelson Goh, Managing Director of Legacy Corporate Advisory Sdn. Bhd.6. Mr. Jeremy Tan, Chief Executive Officer of Tiger Fund Management7. YBhg. Dato' Victor Hoo, Executive Chairman & Chief Executive Officer of VCI Global Limited8. Ms. Shermine Then, Founder & CEO of I Bella Sdn Bhd[L-R]Legacy provides comprehensive IPO advisory services, including pre-IPO investments, IPO financing, and corporate advisory. Legacy aims to guide these companies in their U.S. Listing exercise, with the entire listing process anticipated to take between 12 months to 18 months. The services include overseeing the capital structure, coordinating the listing process, and developing detailed capital market strategies.This signing ceremony highlights Legacy’s commitment to guiding the companies through U.S. market entry and establishing a strong global presence. With Legacy’s IPO expertise and network, these companies will be well-equipped to navigate the complexities of the U.S. market, unlock growth opportunities, and attract global investors.Mr. Nelson Goh, Managing Director of Legacy Corporate Advisory Sdn. Bhd. said, "This engagement marks a significant milestone in Legacy’s ongoing journey to support companies in their global market expansion. As the IPO consultant of these four esteemed companies, we are not only facilitating their U.S. Listing exercise but also strengthening Legacy’s commitment to delivering value through strategic guidance and innovation. Our expertise in IPO advisory and financial solutions will ensure a smooth entry into the U.S. market, laying the groundwork for sustained growth and future opportunities for all involved."He added, "The opportunities presented by this engagement are significant, not only for our clients but also for the Companies. This is more than just market expansion, this is about driving sustainable growth, exploring new markets, and continuously innovating. By aligning ourselves with companies that share our vision, we are creating a platform that fosters collaboration and success for all parties involved."Furthermore, this engagement sets the foundation for future growth. Our Company is well-positioned to explore additional growth opportunities within the region and globally. By continuing to strengthen its network of international collaborators, Legacy aims to unlock new business opportunities that align with its strategic vision.Looking ahead, the company is committed to ensuring that this engagement not only meets but exceeds expectations. Through ongoing collaboration and a shared vision, the engagement will bring about meaningful change, opening doors to further innovations and breakthroughs in multiple sectors.ABOUT LEGACY CORPORATE ADVISORY SDN. BHD.Legacy Corporate Advisory Sdn. Bhd. ("Legacy" or the "Company") is a leading financial services firm specialising in, Initial Public Offerings (“IPO”), financial planning, and funding solutions. With a commitment to innovation, strategic thinking, and determination, Legacy provides tailored financial solutions to clients across diverse industries and global markets. Our expertise spans pre-IPO investments, capital structuring, corporate advisory, and market-entry strategies, ensuring businesses are well-equipped to navigate complex financial landscapes. Headquartered in Malaysia, Legacy serves a global client base, helping businesses achieve sustainable growth and long-term success.For more information, kindly visit: https://www.legacyadvisory.co/Issued By: Swan Global Consultancy Sdn. Bhd. on behalf of Legacy Corporate Advisory Sdn. Bhd.For more information, please contact:Jazzmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.biz Aimee TanTel: +60 16-512 0051Email: a.tan@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Far East Consortium’s Hotels Division Expands Singapore Portfolio ACN Newswire

Far East Consortium’s Hotels Division Expands Singapore Portfolio

Dorsett Changi City SingaporeHONG KONG, Sept 4, 2024 - (ACN Newswire via SeaPRwire.com) - Hong Kong-headquartered and listed Far East Consortium International Limited’s (“FEC”, Stock Code: 35.HK) hotel operations and management arm, Dorsett Hospitality International (“DHI”), is pleased to announce its latest strategic investment. DHI has recently entered into a new joint venture, ‘Dorsett Atelier Capital Heeton Changi’, with partners. DHI will lead and add value by leading the remodelling and development of the property, asset management, as well as rebranding the property as ‘Dorsett Changi City Singapore’.Ms. Winnie Chiu, BBS, JP, Chairperson and Executive Director of DHI as well as Executive Director and Joint Managing Director of FEC said, “FEC and DHI are committed to forming strategic partnerships with like-minded investors to drive growth and create value for stakeholders. DHI is a proven partner with a strong track record for end-to-end hospitality developments, from site acquisition and advisory, property transformation and upgrade, to ongoing business operations.“This new joint venture marks the beginning of DHI’s new investment strategy, leveraging an asset-light model whereby acting as a minority equity partner and contributing our extensive experience and strong track record not only provides our partners with a more secure alternative for hotel investment, but also enables FEC to use its balance sheet more effectively,” Ms. Chiu added.“We are not only a hotel management company but also an owner, so interest of the owner is always our priority,” Ms. Chiu said.Dorsett Changi City Singapore will be DHI’s third property in the city state; 8 other new developments across Hong Kong, Australia and the United Kingdom are on the horizon.DHI is a global, fully-integrated hotel group with comprehensive expertise across the entire hotel lifecycle, from deal sourcing and design to construction, whether through greenfield, brownfield, or conversion projects, to asset management, including pre-opening, ongoing operations, and maximising yield through to exit.Its proven track record of creating value is highlighted by the acquisition of a Singapore hotel property in 2019 through a joint venture partnership. The property was subsequently rebranded as Dao by Dorsett Aparthotel in 2022, which led to its GOP doubling in the first year after rebranding, resulting in a 25% increase in valuation.About Far East Consortium International LimitedFar East Consortium International Limited (“FEC”, together with its subsidiaries, the “Group”) has been listed on the Hong Kong Stock Exchange since 1972 (HKEx Stock Code: 35.HK). The Group is mainly engaged in property development and investment, hotel development and management, car park operations and facilities management, securities and financial product investment. The Group adopts the diversified regional strategy and the “Asian Wallet” strategy with business covering Hong Kong, Mainland China, Australia, New Zealand, Malaysia, Singapore, the United Kingdom and other European countries.FEC official website: www.fecil.com.hkAbout Dorsett Hospitality InternationalDorsett Hospitality International is one of the fastest-growing hotel groups in Asia. With 54 properties in 22 major cities across Mainland China, Hong Kong, Australia, the UK, Malaysia,Singapore, Japan and Europe, we offer a diverse international footprint alongside our strategic partners Palasino Group and AGORA Hospitality Group. Our four core brands – Dorsett Hotels, Dao by Dorsett, d.Collection and Silka Hotels – aim to provide exceptional guest experiences while making positive impacts in our local communities. Additional properties are in the development pipeline.Dorsett Hospitality International official website: www.dorsett.com Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Singapore’s construction industry set to outpace the country’s GDP growth rate this year ACN Newswire

Singapore’s construction industry set to outpace the country’s GDP growth rate this year

SINGAPORE, Sept 4, 2024 - (ACN Newswire via SeaPRwire.com) - Construction growth in Singapore sees a 12 percent rise in productivity in 2024, outstripping the country’s modest overall GDP growth rate of 2-3 percent four times over, according to global professional services company, Turner & Townsend[1].With construction volume anticipated to reach between S$32bn to S$38bn by the end of 2024[2], Turner, and Townsend’s Singapore Market Intelligence cites a series of government backed initiatives and major state projects, such as Changi Airport Terminal 5 (T5) and Tuas Port, are key contributors boosting demand.Recent built environment incentives including the enhanced Contractors Registration System (CRS), the Productivity Innovation Project (PIP), the Future Energy Fund and Energy Efficient Grant are supporting activity. By year-end, the Singaporean state is expected to contribute to 55 percent of domestic construction projects while the private sector is poised for a contribution of 45 percent. Despite ongoing global economic uncertainty and geopolitical instability, the construction market in Singapore is also benefitting from investment in digital infrastructure and the launch of the NEC4[3] contract by the Building Construction Authority (BCA). The latter providing favourable conditions and extensive options for collaborative contracting.While the overall growth trajectory is positive for the domestic construction sector, there are still challenges to navigate principally the availability of skilled labour. The departure of many construction workers during the pandemic continues to highlight the labour squeeze and increasing costs to secure the right talent.Khoo Sze Boon, Managing Director, Turner & Townsend in Singapore, said:“Construction demand in Singapore is on course to surpass last year by a significant margin which is positive for our domestic economy. The industry's overall positive outlook stems from the series of ongoing government initiatives connected to the built environment including robust schemes to promote funding, foster technological advancements, ensure ease of doing business, and boost sustainable green initiatives.“While challenges persist, such as manpower shortages and rising costs, optimism around collaborative contracting schemes and the digitization of processes will further improve productivity. We believe now is the time for our industry to really embrace collaborative contracting which will offset rising construction costs and transform the construction sector for the better to ensure long-term resilience.”[1] GDP growth according to the Ministry of Trade and Industry Singapore, Construction growth according to Building Construction Authority, calculated based on 2024 demand forecast of $38bn over the 2023 demand of $33.8bn.[2] According to the Building Construction Authority as of 15 January 2024[3] NEC4 contract is a suite of contracts for effective project management and collaborationAbout Turner & TownsendTurner & Townsend is a global professional services company with over 12,000 people in 49 countries. Collaborating with our clients across real estate, infrastructure and natural resources sectors, we specialise in major programmes, programme management, cost and commercial management, net zero and digital solutions.We are majority-owned by CBRE Group, Inc., the world’s largest commercial real estate services and investment firm, with our partners holding a significant minority interest. Turner & Townsend and CBRE work together to provide clients with the premier programme, project and cost management offering in markets around the world.We are passionate about making the difference, transforming performance for a green, inclusive and productive world.www.turnerandtownsend.comNotes to EditorsThe full report is available on the Turner & Townsend website: Home - SGMI 2024 (turnerandtownsend.com)For more information, please contact:PRecious CommunicationsDalvinder KaurEmail: dalvinder@preciouscomms.comTel: 63030567 Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Habitat for Humanity appoints Elizabeth Satow as Area Vice President to propel Asia-Pacific regional strategy and operations ACN Newswire

Habitat for Humanity appoints Elizabeth Satow as Area Vice President to propel Asia-Pacific regional strategy and operations

MANILA, Sept 4, 2024 - (ACN Newswire via SeaPRwire.com) - Global nonprofit housing organization Habitat for Humanity announces a significant addition to its leadership team. Elizabeth “Liz” Satow has been appointed as the Area Vice President for Asia and the Pacific and will be a pivotal leader to drive Habitat’s strategic initiatives and foster collaboration and growth within and outside the region.Elizabeth Satow, who joined Habitat for Humanity Asia-Pacific as Area Vice President, looks forward to being a strong housing advocate in Asia and the Pacific and beyond.Satow, who joined Habitat on August 5, has over two decades of experience in leading multinational teams and implementing operational strategies. She has a proven track record of generating resources with institutional donors, which will be a valuable asset as Habitat cultivates its strategic partnerships and funding relationships. She has also successfully managed change initiatives to enhance organizational health, accountability, and disaster responses.Habitat for Humanity Area Vice President Elizabeth Satow (left) joins a house painting activity in the village of Wada, Pune district, Maharashtra, India. In this photo are (center, with yellow hardhat) Jonathan Reckford, CEO of Habitat for Humanity International and (right) Anna Charly, Director of Volunteer Programmes and Individual Fundraising, Habitat for Humanity India.“In her role as our leader in Asia and the Pacific region, Liz will be instrumental as we seek to deepen our impact, increase our influence, grow our resources, leverage innovation, and maximize organizational effectiveness,” said Patrick Canagasingham, the Chief Operating Officer of Habitat for Humanity.Satow has expressed her enthusiasm in joining Habitat to drive the vision of a world where everyone has a decent place to live. She is looking forward to serving as a housing advocate, nurturing relationships with the various national organizations and key partners throughout the region and beyond.Though Satow is from the USA, she was born in India and has spent a large part of her life in Asia. She holds a Master of Arts in International Development from The American University and a Bachelor of Arts in Political Science from The College of Wooster.On August 20, Elizabeth Satow, Habitat for Humanity Area Vice President, participates in the handover ceremony of 15 climate-resilient homes in Wada village, Pune district, Mahrashtra, India.About Habitat for HumanityDriven by the vision that everyone needs a decent place to live, Habitat for Humanity found its earliest inspirations as a grassroots movement on an interracial community farm in U.S.A. Since its founding in 1976, the housing organization has grown to become a leading global nonprofit working in more than 70 countries. In the Asia-Pacific region since 1983, Habitat for Humanity has supported millions of people to build or improve a place they can call home. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. To learn more, donate or volunteer, visit habitat.org/asiapacific.For further information, please contact:Rona AzucenaRAzucena@habitat.org+63 916 545 8310 Copyright 2024 ACN Newswire via SeaPRwire.com.
More
K2 Partnering Solutions Appoints Abe Iruegas as Chief Revenue Officer ACN Newswire

K2 Partnering Solutions Appoints Abe Iruegas as Chief Revenue Officer

MIAMI, FL, Sept 3, 2024 - (ACN Newswire via SeaPRwire.com) - K2 Partnering Solutions, a leading worldwide provider of consultative technology services and solutions in the enterprise applications, AI, and cloud space, has today announced the appointment of Abe Iruegas as Chief Revenue Officer. Mr. Iruegas brings a wealth of experience from his distinguished 27-year career, most recently as Global SAP Managed Services Leader at IBM, where he achieved remarkable results leading the development and execution of go-to-market strategies in an evolving SAP ecosystem.Abe IruegasAbe Iruegas, Chief Revenue Officer of K2 Partnering SolutionsBefore IBM, Mr. Iruegas served as the Applications & Technology Executive Leader at DXC Technology, where he led sales and managed a partner organization that delivered outstanding growth in the Americas.Mr. Iruegas will join the K2 Partnering Solutions leadership team to help scale K2's consulting services for global clients and further develop strategic partnerships worldwide. The appointment will boost K2's capabilities to guide clients through business and IT transformation, improve their critical technology capabilities, and drive growth."I am thrilled to join K2 and embark on this new journey alongside such a talented team. I look forward to working with K2's global clients as their trusted partner and guiding them as they embark on transforming their business with the massive shift to cloud and business AI in the enterprise applications space, " said Abe Iruegas, CRO of K2 Partnering Solutions."Abe's leadership, strategic vision, and extensive experience driving digital transformation will add significant value to our clients and partners," said Antonio Gulino, CEO of K2 Partnering Solutions. "We are humbled by the continued trust our clients put in K2's expertise and Abe's appointment is a testament to our commitment to deliver outstanding value in a highly complex IT landscape."About K2 Partnering SolutionsK2 Partnering Solutions provides unique end-to-end consultative technology solutions in the enterprise applications, AI, and cloud space. It delivers highly skilled human capital and integrated managed services to support leading companies in developing, implementing, and operating critical technology and business solutions. K2 operates in more than 50 countries and serves clients across multiple industries.Contact InformationDylan GriffithsSenior Vice President Marketingdgriffiths@k2partnering.com020 4592 0141SOURCE: K2 Partnering Solutions Copyright 2024 ACN Newswire via SeaPRwire.com.
More
The 18th Frost & Sullivan Growth, Innovation and Leadership Summit, China: A Huge Success ACN Newswire

The 18th Frost & Sullivan Growth, Innovation and Leadership Summit, China: A Huge Success

SHANGHAI, Sept 3, 2024 - (ACN Newswire via SeaPRwire.com) - The 18th Frost & Sullivan Growth, Innovation and Leadership Summit and the 3rd New Investment Event (NIE 2024), was held in Shanghai from August 27-30, 2024, co-hosted by LeadLeo. With the theme of “Converging Innovation, Gathering Strength, Shaping a Quality-Driven Future”, NIE 2024 hosted a plenary session and six themed forums bringing together insights from across the industry ecosystem of corporates, academia, research institutes, investors, and media organizations. The aim of the event was to explore growth opportunities , new markets, and drivers of China’s economy in the new era. Frost & Sullivan has hosted its Growth, Innovation and Leadership Summit for over 30 years globally, and 2024 marked the 18th successful year of China hosting the Event.This year, the summit focused on key trending topics such as New Quality Productive Forces ("New quality productive forces" refers to productivity led by technological innovation that breaks away from the traditional mode of economic growth and development pathway. Adding technological content to productivity, it has the characteristics of high-end technology, high efficiency as well as high quality and quantity), Brand Globalization, Life Sciences, Changing Consumption Patterns, Food & Beverage, ESG, “AI +” and Intelligent Manufacturing, among others. Attended by over 3,000 delegates, the Conference facilitated in-depth discussions leveraging Frost & Sullivan’s insights on various Industries and the global capital markets. It offered optimal growth solutions for enterprises to survive and thrive through transformation.David Frigstad, Global Chairman of Frost & Sullivan, shared insights on the transformative power of the Intelligence Revolution shaping the global economy. He emphasized that we are living in a time where advancements in technology, particularly in advanced manufacturing, robotics, and artificial intelligence, have the potential to significantly improve productivity and create important new opportunities for businesses worldwide. David believes that Chinese companies, with their expertise in manufacturing and successful integration of cutting-edge technologies, are uniquely positioned to become leading global players. To seize these opportunities, he encourages Chinese companies to build robust ecosystems across the entire value chain, from supply chains to customer engagement, marketing, and technological innovation, and to forge strategic partnerships that will drive success in the evolving global market.As the world embarks on a path of monumental transformation, deeply impacting various industries, Aroop Zutshi, Global Managing Partner and Executive Board Member of Frost & Sullivan, highlighted the dual nature of these changes – a blend of challenges and nascent growth opportunities, with sustainable development at the core. At the forefront of this global shift, China stands as a leader, propelling global economic growth through its enterprises that are forging world-class products and solutions. He expressed Frost & Sullivan's earnest desire to witness an increasing number of Chinese companies ascending to prominence globally. He further emphasized that a thriving capital market signifies the proliferation of growth avenues, fostering the realization of this aspiration. Amidst this paradigm shift, Frost & Sullivan remains committed to guiding businesses through the intricate landscape of growth opportunities, leveraging its robust Growth Pipeline Engine and FrostRadar insights. By empowering enterprises with actionable strategies, best practices, and a robust ecosystem, Frost & Sullivan aims to facilitate a seamless transformational growth journey for companies navigating the complexities of today's dynamic market.Dr. Neil Wang, Global Partner and Greater China Chairman of Frost & Sullivan highlighted China's remarkable economic growth over the past 40 years of reform. He emphasized the need for exploring unique development paths to achieve greater breakthroughs, particularly focusing on the cultivation of new quality productive forces, which was a key theme of the conference. Drawing on Frost & Sullivan's 60+ years’ experience, global data, insights, and extensive analytics on future trends in industries like AI, intelligent manufacturing, and life sciences, Dr. Neil Wang showcased the company's commitment to predicting and guiding China's growth opportunities. He also noted Frost & Sullivan's pivotal role in facilitating the globalization of Chinese enterprises and promoting brand building in line with national strategies. Finally, he reiterated the conference's dedication to fostering international cooperation and shared growth prospects, marking a successful continuation of Frost & Sullivan's global summit tradition.About Frost & SullivanThe Transformation Growth Journey CompanyFor over 60 years, Frost & Sullivan has been a global leader for its role in growth advisory. We help corporate leaders, and governments to navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success.Media ContactCompany Name: Frost & SullivanCity, State, Country: Shanghai, ChinaAddress: Room 2504, Wheelock Square, No.1717 West Nanjing Road, Jing’an District, ShanghaiContact Person: Rachel ZhangEmail: rachel.zhang@frostchina.comTele: +86 021-3209-6800Website: http://www.frostchina.com/ Copyright 2024 ACN Newswire via SeaPRwire.com.
More
GMG Provides Update on Modular Graphene Production Plant & Capital Expenditure ACN Newswire

GMG Provides Update on Modular Graphene Production Plant & Capital Expenditure

Brisbane, Queensland, Australia--(ACN Newswire via SeaPRwire.com - September 3, 2024) - Graphene Manufacturing Group Limited (TSXV: GMG) ("GMG" or the "Company") is pleased to announce this business update on its recently commissioned Modular Graphene Production Plant at Richlands, Australia.Figure 1: Graphene Production Plant Project TeamTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/221932_ac9be57c04a1b96c_001full.jpgThe newly commissioned Graphene Production Plant as seen in Figure 1 has been operating and producing Graphene since its commissioning date in December 2023.The performance of the production unit has exceeded the Company's expectations in both graphene production rate and graphene quality. The Company continues to perform minor optimisations with this new production plant which have both increased production yield and quality of the graphene.The Company has also authorised a total of AU$250k of capital expenditure for new equipment for quality assurance and quality control purposes of the Company's graphene for its Graphene Aluminium Ion Battery and its liquid graphene products, THERMAL-XR® and G® Lubricant. The equipment being procured by the Company includes: a Raman Spectrometer and a Particle Size Analyzer amongst others. These are sophisticated analytical and characterisation laboratory equipment which will be operated by GMG scientists and technicians. To date the Company has been fortunate to work with various Universities to obtain this analysis. Once the equipment is procured, delivered, commissioned and operational the Company will largely be self-sufficient on testing of its nano materials.GMG's Managing Director and CEO, Craig Nicol, commented: "We are very excited to see the new modular plant exceed expectations in terms of graphene production and quality. The expansion of our graphene characterisation equipment will also reduce learning loop times for optimisation projects where we no longer have to wait for University equipment access. The graphene production system uses GMG's self developed innovative plasma technology which creates the high quality graphene GMG's end products need to deliver their notable benefits."GMG's Chairman and Director, Jack Perkowski, commented: "It is great to see the Company's production technology maturing to this point as this is GMG's fundamental core competency. Ongoing graphene production and characterisation developments will only support the Company's ability to develop and provide its useful liquid graphene products and Graphene Aluminium Ion Battery."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 paint), 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 G+AI Batteries.For 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 relating to the type of equipment being procured by the Company and the operators of such equipment; and the expected benefits of the analytical and characterisation laboratory equipment.Such forward-looking statements are based on a number of assumptions of management, including, without limitation: assumptions relating to the type of equipment that will be procured by the Company; that the equipment will be operated by the Company's scientists and technicians; that once the equipment is procured the Company will be able to perform its own testing of nano materials; that the expansion of GMG's characterisation equipment will reduce learning loop times for optimisation projects as the Company will no longer have to wait for University equipment access; and that ongoing graphene production and characterisation developments will support the Company's ability to develop and provide its 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 Company will be unable to procure the expected equipment; that the Company's scientists and technicians will be unable to operate the new equipment; that even if the expected equipment is procured, that Company will not become self-sufficient in testing its own nano materials; that the expansion of the Company's graphene characterisation equipment will not reduce learning loop times for optimisation projects; that ongoing graphene production and characterisation developments will not support the Company's ability to develop and provide its 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 12, 2023 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/221932 Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Watch & Clock Fair and Salon de TIME open today ACN Newswire

Watch & Clock Fair and Salon de TIME open today

- 700+ international exhibitors are taking part- Watch & Clock Fair covers a wide range of watch products in nine zones, providing a one-stop sourcing platform for buyers- Exhibitors can grasp market trends and promote new products, including timepieces with smart technology as well as unique and personalised designs- Salon de TIME opens fully to the public for the first time, offering performances, product launches, lucky draws, engraving demonstrations and moreHONG KONG, Sept 3, 2024 - (ACN Newswire via SeaPRwire.com) - The 43rd HKTDC Hong Kong Watch & Clock Fair and 12nd Salon de TIME, – jointly organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades & Industries Ltd – open today. While the physical fairs run until 7 September at the Hong Kong Convention and Exhibition Centre (HKCEC), the online exhibition will continue until 14 September.More than 700 exhibitors from 15 countries and regions are showcasing exquisitely crafted watches, accessories and parts, providing a one-stop sourcing platform for global buyers.The two fairs include pavilions from Guangdong, Guangzhou, Taiwan, as well as South Korea, which is returning after the pandemic. The fairs are also welcoming new exhibitors from Belgium and Denmark as well as Greek, Turkish and British brands.Salon de TIME is fully open to the public for the first time, giving the public an opportunity to appreciate the finest watch craftsmanship. Some brands are also providing on-site retail sales.A one-stop sourcing platformThis year, the Hong Kong Watch & Clock Fair has nine zones. The Pageant of Eternity showcases OEM and ODM high-end watches. Other exhibition areas include Clocks, Complete Watches, Machinery & Equipment, OEM Smart Watches, Packaging & Display, Parts, Components & Accessories, Pre-owned Watches and Trade Services.Salon de TIME has five themed zones: World Brand Piazza, Renaissance Moment, Wearable Tech, Chic & Trendy and Craft Treasure. These will present more than 130 renowned watch brands from Switzerland, France, Germany and more.World Brand Piazza, sponsored by Prince Jewellery & Watch, is a highlight of this year's exhibition, displaying limited-edition watches from 10 prestigious brands: Baume & Mercier, Bovet, Corum, CVSTOS, DeWitt, Franck Muller, Kerbedanz, Montblanc, Parmigiani Fleurier and Sarcar.Exhibitors are increasingly prioritising high-tech development, strengthening their research and development and design processes.Distinctive and personalised designToday's watch market demand is becoming more diversified. In addition to pursuing watch quality and functionality, wearers also hope to showcase their personality and taste through unique and personalised designs. SIWP (Swiss Independent Watchmakers Pavilion) and French pavilion Francéclat are also returning, bringing along 17 European brands. In addition, the International Luxury Group (ILG), following an enthusiastic response last year, has increased the number of brands it is bringing from 8 to 15, including well-known brands, such as Kenneth Cole, Police and Timberland, among others.- Italian brand Police, which has added screw decorative details to the right side of the watch body to create a strong industrial style and unconventional design. (Booth: 3G-A08)- American brand SAGA, which uses advanced watch technology to develop its unique jewellery-based DNA Bangle Watch series. SAGA has also partnered with China's lunar exploration project to launch its Space series. (Booth: 3F-D02)- Chinese brand Moonyang, founded by designer Sun Lei, which is presenting watches with a space yacht design. The timing buttons and watch lugs resemble power boosters, enhancing the watches’ style and functionality. (Booth: 3F-D01)International IP crossover combines cultural and creative touchesWatch brands have also been leveraging popular IP to attract different customer segments. Examples at this year’s fairs include:- Memorigin has renewed its partnership with movie star Stephen Chow to launch a limited-edition watch. The design is inspired by Mr Chow’s NFT project, Nobody. Each dial takes up to eight hours to craft, with a tourbillon movement that has an oscillation frequency of 28,800 times per hour. (Booth: 3F-D03)- Hong Kong watch brand ANPASSA has launched a watch with the Kowloon Walled City theme to tie in with the hit movie, Twilight of the Warriors: Walled In. The watchmaker uses micro-engraving technology and a special diamond knife to carve the walled city outline, while AR technology can display different scenes on smartphones. (Booth: 3F-A05)- Hong Kong exhibitor Master Time Industrial Ltd has teamed up with Marvel to launch a stylish watch with superhero elements. The watch is equipped with a 3D dial, an alloy case and semi-skeletonised hands. (Booth: 1D-A18)Leveraging trends in sustainability and healthMore watch manufacturers are using sustainable materials to make watches, watch straps and packaging. The two fairs have added a Green Solutions Suppliers label this year to facilitate sourcing for buyers, with 30 exhibitors displaying related products. These include:- Local exhibitor Gordon C. & Company Limited, which uses natural fibres in its watch-making, such as bark to make cases and apple peel to make straps. The finished product is lighter than steel watches, showing a combination of eco-friendliness and creativity. (Booth: 1D-B13)- German brand Lilienthal Berlin, which has launched the world's first watch with a case made from recycled coffee grounds. This watch, which smells like coffee when worn, won the NY Product Design Awards, the Green Product Award and the iF Design Award. (Booth: 3G-B11)Watchmakers are also developing more smartwatches that can help monitor health as well as tell the time. This year's Wearable Tech zone, led by The Federation of Hong Kong Watch Trades & Industries Ltd, has gathered more than 10 companies to showcase the entire supply chain for smart wearables. These companies include:- Local brand S52, which has launched a smartwatch with a carbon fibre case, making the watch extremely strong and lightweight. In addition, the watch is equipped with Huawei's movement system, which can monitor heart rate and blood oxygen levels as well as tracking more than 100 different types of sport data. (Booth: 3F-B03)- German brand OSKRON, which has developed a new remote monitoring solution, Link2Care, for elderly patients. Both watches and accessories can monitor health data, supporting the work of caregivers. (Booth: 3F-E08)Engaging activities to drive public participationThis year’s Salon de TIME is fully open to the public for five days, with a series of exciting activities lined up to engage the public. In addition to watch parades and product launches, Hong Kong metal engraving artist Carlos Koo will demonstrate the art of watch engraving, while two watch industry KOLs, Ko Sir and Billy Chan, will share their experiences when buying watches.Celebrities will also take part in product launches, including table tennis players Doo Hoi-kem and Wong Chun-ting, who just represented Hong Kong in the Paris Olympics, Hong Kong singer Aka Chiu, YouTuber Jeffrey Fok and more.Visitors also have the chance to win luxury watches, such as SAGA, Timing, TACS, and Anne Klein in lucky draws. In the Smart Bidding session, participants can bid for their favourite watches, including brands such as Arbutus, ZEROO, and Como Milano, with prices starting at 90% off the retail price.Industry representatives analyse trendsThere are forums, seminars and exchange activities, focusing on market trends and information. The Hong Kong International Watch Forum held this afternoon has invited representatives from watch associations from France, Japan, Mainland China, South Korea, Switzerland and the United Kingdom to share trade data, industry trends and sustainable practices in different regions.The annual Asian Watch Conference will be held tomorrow on 4 September. This year’s theme is The Infinite Possibilities with Watches. Mr Clifton Chiu, Euromonitor International Senior Research Analyst, Mr Frank Chen, Huawei Device BG Sales Director of Module, and Mr Pierre Burgun, CEO of Pierre Lannier and Vice President of France Horlogerie, will look at innovation in smart wearables and emerging trends in the fashion watch market.On 5 September, Dr Chung-wai Cheung, Research Assistant Professor of The Hong Kong Polytechnic University's Member of Research Institute for Smart Ageing, Mr Michael Ertl, CEO and Founder of ME & Friends AG, and Mr Paul Anthony Yuen, Director Dayton Industrial Co., Ltd and Secretary-General of The Federation of Hong Kong Watch Trades & Industries Ltd, will discuss how wearable products can improve the lives of the elderly.Design competition announces this year’s winnersThe 41st Hong Kong Watch & Clock Design Competition – jointly organised by The Federation of Hong Kong Watch Trades & Industries Ltd and Hong Kong Watch Manufacturers Association Ltd – has two categories: Go Beyond Innovation for the Open Group and Talent Moment for the Student Group. A Made-to-Sell Award has been added for student entries with market potential.This year’s winner of the Open Group is Vertical 6.0, a special design by Wong Ting Bong for car enthusiasts. The watch surface and dial resemble a supercar’s speedometer.The champion of the Student Group is Lau Cheuk Lai from Creative Secondary School. His work, Liminality, blurs the boundaries between watches and jewellery, combining AI with tradition and decoration with practicality.The Made-to-Sell Award goes to Yip Yu Ching from Hong Kong Design Institute for her work Starlight. The watch is inspired by stargazing with design concepts of positioning and constellation display functions.All winning and shortlisted works are now on display at the Hong Kong Watch & Clock Fair. The award ceremony will be held on 7 September at The Dial in Hall 3FG of Salon de TIME. Guest judge, artiste Benjamin Yuen has been invited to attend.Scan2Match extends online connections with exhibitorsThe fairs follow the HKTDC EXHIBITION+ hybrid model. The online exhibition, which has already opened, will run until 14 September. During this period, exhibitors can match with potential buyers from around the world through the HKTDC Click2Match smart business matching platform.HKTDC also provides its Scan2Match offline-to-online service, allowing buyers to scan exhibitor QR codes at the fairs using the HKTDC Marketplace app.Buyers can also use the app to bookmark favourite exhibitors, browse product information and the interactive floor plan, make enquiries and continue online chat with exhibitors during or after the fair period.Asia’s premier fashion event CENTRESTAGE will also be held on 4-7 September at HKCEC, showcasing more than 380 watch and fashion brands from around the world.Photo download: https://bit.ly/3ZcYy2vThe 43rd HKTDC Hong Kong Watch & Clock Fair and 12nd Salon de TIME opened today. Guests attending the opening ceremony included (front row, from left): Eric Lai, Co-Chairman, Fair Organising Committee of HKTDC Hong Kong Watch & Clock Fair 2024, Lawrence Chan, President, Hong Kong Watch Manufacturers Association Limited; Gary Lau, Chairman, HKTDC Watches & Clocks Advisory Committee; Maggie Wong Siu-chu, JP, Permanent Secretary for Commerce and Economic Development of the HKSAR Government; Margaret Fong, Executive Director, Hong Kong Trade Development Council; Raymond Cheng, Principal Honorary President, The Federation of Hong Kong Watch Trades & Industries Ltd; Jackson Lam, Chairman, The Federation of Hong Kong Watch Trades & Industries Ltd, and Edmond Ng, Co-Chairman, Fair Organising Committee of HKTDC Hong Kong Watch & Clock Fair 2024.The Watch & Clock Fair and Salon de TIME attracted global trade buyers to source a wide range of exquisitely crafted watches, accessories and parts.Salon de TIME presents more than 130 international brands across five zones, which are also open to the public.Sponsored by Prince Jewellery & Watch for the 14th consecutive year, the World Brand Piazza at Salon de TIME showcased 10 world-class watch brands.Product launches and watch parades held during the fair feature models wearing and interpreting magnificent timepieces.Award-winning works and finalists of the 41st HK Watch & Clock Design Competition showcase local creativity.Media enquiriesPlease contact the HKTDC’s Communications & Public Affairs Department:Johnny TsuiTel: (852) 2584 4395Email : johnny.cy.tsui@hktdc.orgBubble MaTel: (852) 2584 4369Email : bubble.ma@hktdc.orgWebsitesHong Kong Watch & Clock Fair: https://www.hktdc.com/event/hkwatchfair/enSalon de TIME: https://www.hktdc.com/event/te/enHKTDC Media Room: mediaroom.hktdc.com About 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. Follow us on Twitter @hktdc and LinkedIn Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Eton Solutions Launches EtonGPT(TM), World’s First Generative AI Platform for Family Offices ACN Newswire

Eton Solutions Launches EtonGPT(TM), World’s First Generative AI Platform for Family Offices

Research Triangle Park, NC, Sept 3, 2024 - (ACN Newswire via SeaPRwire.com) - Eton Solutions, a leader in comprehensive wealth management ERP systems for family offices has announced the launch of EtonGPT™ the world's first GenAI module for family offices globally. EtonGPT™ integrates the powerful transactional capabilities of Eton Solution's ERP platform, with sophisticated conversational AI functionalities.Eton Solutions will enable the majority of the 750 families on AtlasFive® to benefit from EtonGPT™. It will be available exclusively to AtlasFive® users to enhance the productivity of their family offices.EtonGPT™ will improve family office operations by seamlessly integrating data stored in documents with transaction data on AtlasFive®, thereby helping streamline processes and lead to a boost in productivity. Several of Eton Solutions clients, including Shade Tree Advisors (US), Todd Family Office (New Zealand) and Aglaia Family Office (Singapore) have been using this new AI enabled platform. It will allow them to access information and conduct in-depth analyses of their investment and asset portfolios. EtonGPT™ doubles up as both an internal search and data extraction tool within the secure centralized database of the cloud-native AtlasFive® ERP platform.Backed by pending patents, this hybrid AI platform marries the best features of various AI technologies. It incorporates machine learning, expert systems-based business rule engines, and large language models to deliver unparalleled accuracy and insights. It leverages AI-driven data extraction, summarization, generation, inferencing, and transformation to help family offices operate more efficiently and securely.Satyen Patel, Eton Solutions’ executive chairman said, “Our AtlasFive® solution was the first to offer a centralized data platform that had integrated structured data processing across accounting, investment and tax functions. With the launch of EtonGPT™, the world's first family office LLM, we are embracing cutting-edge technology and reshaping the future of family office management across the globe. AI is increasingly being deployed across businesses. While family offices have largely remained rooted in manual processes, with the integration of AI, they will undergo an unparalleled change, making them resilient and future-ready.”“With EtonGPT™, AtlasFive® can now parse and integrate data buried in more than 250 document types such as trust plans, estate plans and partnership agreements. This combination of structured and unstructured data processing offers wealth managers the ability to gain a 2 to 4X increase in operational efficiency.”“EtonGPT™ will offer a foundational shift platform enabling family offices to elevate their legacy, strengthen corporate governance, and provide high value to the HNWIs and UHNWIs they serve."Timothy C. Macherone, Chief Operating Officer of Shade Tree Advisors LLC, said, "I do not doubt that EtonGPT™ can be a potential game-changer. In deploying the AI-based technology, which involved leveraging EtonGPT™ to automate our document organization and retention processes, we reduced human involvement by 50% and met our accuracy goals. Similarly, we see countless opportunities to unlock efficiencies in our legacy processes through the use of EtonGPT™ in many verticals, including calculating and posting mark-to-markets on private investments, logging invoice information, and summarizing estate planning documents."Andrew Hull, Chief Executive of Todd Family Office, said, "AI is reshaping how we do everything at the Todd Family Office, and our partnership with Eton Solutions has been beneficial. We have faced challenges in fixing AI hallucinations and are worried about the potential misuse of these tech marvels. We're working with Eton Solutions to pioneer a Responsible AI framework that harnesses the full power of AI with transparency, ethics, and trust at its core. Together, we're setting the standard for the future of AI for family offices."Stephen Hunt, Chief Executive Officer of Aglaia Family Office Pte. Ltd., said, "Aglaia Family Office is proud to be pioneering the setup of automated and AI-powered consolidated portfolio reporting and analytics solutions in Asia. Our commitment goes beyond just automation—we're focused on the responsible use of AI, ensuring that its integration into our operations enhances not only efficiency but also strengthens timeliness and accuracy. EtonGPT's early success reassures us that, with Eton Solutions, we're on the right path.”As AI’s power is increasingly integrated into modern organizations, Eton Solutions recognizes cybersecurity challenges from traditional threats such as phishing, malware, and data breaches are expanding to include AI-based risks such as deepfakes, misuse, and algorithmic bias. To lessen or mitigate these risks, Eton Solutions is working with its Customer Advisory Board to introduce frameworks that encompass ethics, safety, transparency, trust, and security.EtonGPT™ is designed to ensure a robust, secure, and ethical environment for family office operations.About Eton Solutions:Eton Solutions is an ERP software product (AtlasFive®) and services company founded to handle the complexities of servicing ultra-high-net-worth families globally. The company is based in the United States, in Research Triangle Park, NC. with its international headquarters in Singapore focused on serving markets outside of the Americas. Created by family office leaders, Eton Solutions' flagship product is AtlasFive®, families manage over US$936 billion on our integrated platform that holistically aggregates and manages all your liquid and alternative investment assets and office's data, reporting and workflow processes. With one source of truth, Eton Solutions leads family offices into the future by maximising efficiency and minimising errors and risk. Eton Solutions has experienced a CAGR of over 100% since its inception.Visit: https://www.eton-solutions.comFor US and other International media queries, please contact:Tracie Soh | tracie.soh@eton-solutions.com | +65 9674 5475 Copyright 2024 ACN Newswire via SeaPRwire.com.
More
CleverTap Launches Product Experiences For Optimizing App and Web User Experience ACN Newswire

CleverTap Launches Product Experiences For Optimizing App and Web User Experience

Mountain View, Calif, & Mumbai, India, Sept 3, 2024 - (ACN Newswire via SeaPRwire.com) - CleverTap, the all-in-one engagement platform, today announced the launch of Product Experiences – a one-stop solution to effortlessly experiment and elevate customer experiences across web and apps to help maximize lifetime value. With a no-code approach, user-friendly UI, and advanced segmentation capabilities and analytics, Product Experiences allows product and growth managers to effortlessly personalize as well as optimize app and website user experiences. In today's competitive app landscape, the stakes are higher than ever for businesses. With 50% of users uninstalling an app within 30 days and 25% abandoning it after just one use, the pressure is on the brand to deliver personalized experiences. Any issue in user experiences can lead to swift abandonment given the ease of access to other alternatives. According to studies by McKinsey, a staggering 70% of drop-offs are due to sub-par in-app experiences, while 76% of customers express frustration when brands fail to provide personalized interactions.That’s where CleverTap Product Experiences steps in to address these critical challenges. It empowers product managers and growth teams to effortlessly experiment and make swift changes to the app's design, functionality, and workflows with minimal technical dependency—be it A/B testing onboarding, add-to-cart flow variants, updating banners, showing dynamic pricing, and other content. Thus democratizing app and web experience management by enabling growth teams to independently manage in-app monetization and personalization without the need for additional app updates. This drives operational efficiency, ensuring your business remains agile and responsive to market demands.The key components of Product Experiences include Remote Config and Product A/B Testing. Remote Config allows marketers and product managers to effortlessly map app and web functionalities to Remote Config’s user friendly interface, enabling seamless control and personalization of the user experience. They can create precise segments with zero-code and override variable values to tailor the experience for specific audiences directly from the CleverTap dashboard.With Product A/B Tests, marketers can set up experiments with multiple variants related to UI, functionality, and workflows. Through precise measurement of results based on key performance indicators (KPIs), businesses can analyze performance with detailed analytics and seamlessly deploy the most successful version to their user base.Anand Jain, Co-Founder and Chief Product Officer, CleverTap said, “Businesses are continuously striving to push out newer features and updates to benefit the end user. The app updates that bring these changes are often the result of a complex, time-consuming and resource-intensive process. App release cycles are not scalable, cost-effective or agile enough to respond to market demands and keep up with the rapidly changing business environment. Product Experiences addresses these industry pain points by empowering businesses to take control of their app and web experiences with minimum technical dependency. Its unique capabilities offer CleverTap customers an all-in-one solution that redefines campaign management and performance and app and web experience management, proving to be a complete platform for future digital engagement success.” About CleverTapCleverTap is the leading all-in-one customer engagement platform that helps brands unlock limitless customer lifetime value. CleverTap is trusted by over 2000 brands like Domino’s, Levis, Jio, Papa John’s, Zomato, Kotak Bank, Air Asia, Carousell, TD Bank, and Tesco to help build personalized experiences for all their customers. The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering speed and cost efficiency at scale.Backed by top-tier investors such as Accel, Peak XV Partners, Tiger Global, CDPQ and 360 One, the company is headquartered in San Francisco, with presence across Seattle, London, São Paulo, Bogota, Mexico, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, Vietnam, and Jakarta.For more information, visit clevertap.com or follow us on:LinkedIn: https://www.linkedin.com/company/clevertap/ X: https://twitter.com/CleverTap Forward-Looking StatementsSome of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.For more information:SONY SHETTYDirector, Communications, CleverTap+91 9820900036sony@clevertap.com IPSHITA BALUConsultantArchetype+91 9590111798ipshita.balu@archetype.co Copyright 2024 ACN Newswire via SeaPRwire.com.
More
AGAPE ATP Corporation Addresses Recent Corporate Exercise and Strategic Developments ACN Newswire

AGAPE ATP Corporation Addresses Recent Corporate Exercise and Strategic Developments

KUALA LUMPUR, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - AGAPE ATP Corporation (NASDAQ: ATPC) (“ATPC” or “the Company”), is pleased to announce a series of significant updates reflecting its ongoing commitment to growth and sustainability.Effective today, ATPC will implement a 1-for-20 reverse stock split of its shares of common stock, as previously disclosed in filings with the Securities and Exchange Commission. This strategic action aims to increase the market price per share, thereby meeting NASDAQ's continued listing standards and ensuring the Company’s position on a globally recognized exchange. Additionally, the number of authorised shares of common stock will be reduced from 1,000,000,000 to 50,000,000.Beyond the reverse stock split, ATPC is advancing several strategic initiatives aimed at strengthening its position and providing value to shareholders. The Company is planning to launch new products expected to enhance its financial outlook and market presence. The recent partnership with B&H Intec Solution Sdn. Bhd, which led to the formation of ATPC Green Energy Sdn. Bhd., has lined up a promising pipeline in its green energy sector. This venture is an important step in expanding the Company’s capabilities in sustainable energy solutions, aligning with its broader goals of supporting environmental sustainability.Furthermore, ATPC is actively expanding its offerings in the wellness and senior care sectors. Cedar ATPC Sdn. Bhd. is poised to introduce a range of new wellness services designed to meet the growing demand for health and wellness solutions. At the same time, Sweet Home Senior Living Care Centre Sdn Bhd continues to thrive, delivering high-quality care services to address the needs of an aging population. These initiatives underscore the Company’s commitment to enhancing the quality of life and supporting sustainable development, which are core pillars of its business strategy.Financially, the Company remains on solid footing, with a strong balance sheet and sufficient liquidity to support ongoing and future initiatives. ATPC is also exploring new opportunities in both domestic and regional markets, particularly in the areas of Wellness and Green Energy, as part of its strategy for sustainable growth.The Company recognises the concerns of its investors regarding the reverse stock split and wants to assure them that these actions are part of a broader strategy to ensure long-term stability and growth. While short-term market dynamics can be influenced by various factors, including geopolitical events and economic shifts, ATPC is confident in the underlying strength of the markets in which it operates and its strategic positioning within them. The management team is closely monitoring market conditions and remains prepared to take swift, decisive actions to protect and enhance shareholder value. Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Solar District Cooling Group (SGCD) Aims to Raise RM45.09 Million from ACE Market IPO ACN Newswire

Solar District Cooling Group (SGCD) Aims to Raise RM45.09 Million from ACE Market IPO

KUALA LUMPUR, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - Solar District Cooling Group Berhad ("SDCG") is pleased to announce the launch of its prospectus for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities"). The IPO represents a significant milestone in the company’s growth trajectory, allowing SDCG to expand its operations and strengthen its market position in building management system (“BMS”) and solar thermal systems and energy saving services.Mr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.Mr. Edison Kong, Managing Director, Solar District Cooling Group BerhadMdm. Eileen Liuk, Executive Director, Solar District Cooling Group Berhad[L-R]SDCG and its subsidiaries (“Group”) are principally involved in the provision and maintenance of BMS, solar thermal systems and energy saving services. The Group has a proven track record of enhancing energy efficiency across healthcare, hospitality and industrial sectors. SDCG Group is involved in providing energy performance services to the concession companies that are providing hospital support services for public hospitals. The concessionaires engaged SDCG Group as a subcontractor to carry out energy efficiency work related to the installation of hybrid solar thermal hot water systems, and for some contracts, retrofitting of fluorescent lighting of LED lighting.Mr. Wong Kei Fai, Independent Non-Executive Director, SDCG BerhadMs. Wong Poh May, Independent Non-Executive Director, SDCG BerhadMr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.Mr. Edison Kong, Managing Director, SDCG BerhadMdm. Eileen Liuk, Executive Director, SDCG BerhadIr. Dr. Khairul Azmy Bin Kamaluddin, Independent Non-Executive Chairman, SDCG BerhadYM Raja Nor Azlina Binti Raja Azhar, Independent Non-Executive Director, SDCG BerhadFollowing the IPO exercise, SDCG is expected to raise RM45.09 million via the issuance of 118.67 million shares at the issue price of RM0.38 per share. The proceeds will be allocated in the following manner:RM1.90 million for the expansion of headquarters in Kajang, Selangor; RM5.00 million for tender bonds and/or performance bonds for future projects;RM18.70 million for the purchase of materials for BMS segment, and solar thermal systems and energy-saving services segment;RM12.67 million for general working capital; RM2.52 million for capital expenditure, including new equipment for BMS, installation and maintenance of solar thermal hot water systems, and purchasing ICT software and services; andRM4.30 million for estimated listing expenses.Applications for the IPO will open at 10:00 a.m. today, following the prospectus launch, and will close on 6 September 2024. SDCG is scheduled to list on the ACE Market on 19 September 2024. At the IPO price of RM0.38 per share, the market capitalisation of the company upon listing will be RM161.05 million.Managing Director of SDCG, Mr. Edison Kong commented, "This IPO represents a significant milestone in Solar District Cooling Group Berhad’s journey. Since 2008, we have been driven by a commitment to innovation, efficiency, and sustainability. Our focus on delivering Building Management Systems and solar thermal technologies has helped us enhance energy efficiency and promote environmental stewardship. With this listing, we look forward to embracing new opportunities and setting new standards in our business. I am deeply grateful to our team, clients, and partners for their continued trust and support.”Head of Capital Markets of Mercury Securities Sdn Bhd, Mr. Chris Lai Ther Wei stated, “We would like to congratulate the Board and the entire team of Solar District Cooling Group Berhad on the successful launch of your IPO prospectus. Well done for reaching another milestone in your corporate journey.”Mercury Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for SDCG. Copyright 2024 ACN Newswire via SeaPRwire.com.
More
AI and Big Data Expo Europe Countdown: Just 1 Month to Go! ACN Newswire

AI and Big Data Expo Europe Countdown: Just 1 Month to Go!

Amsterdam, Sept 2, 2024 - (ACN Newswire via SeaPRwire.com) - AI and Big Data Expo Europe, the premier event for AI and Big Data enthusiasts, innovators, and industry leaders, is just over one month away. Set to take place at the iconic RAI Amsterdam on October 1-2, 2024, this world-class event promises to deliver cutting-edge insights, networking opportunities, and hands-on experiences in the rapidly evolving fields of artificial intelligence and big data.Key Highlights:Newly Announced Speakers: The event boasts a stellar lineup of over 150 speakers from leading global organizations. Newly announced speakers include:- Rod Evans, EMEA VP - Supercomputing & AI, NVIDIA- Andreia Dos Santos, Principal Analytical Lead, Google, and Program Lead Accelerate, Women in AI- Daan Klein Douwel, Head of Data & AI, KLM Royal Dutch Airlines- Indul Hassan, Head of Engineering at BT Group- Andrii Degeler, Head of Media at The Financial Times- Christian M., Global Finance Transformation Senior Manager at Kraft HeinzThese industry trailblazers will share their expertise and visions on how AI and Big Data are shaping the future across various sectors.- Unmatched Networking Opportunities: With over 7,000 attendees expected, the AI and Big Data Expo offers unparalleled opportunities for networking. Utilize our AI-powered matchmaking tool to connect with potential collaborators, clients, and thought leaders from around the globe.- Co-located Shows: Gain access to eight co-located events, covering a wide range of technological innovations and trends. This multi-event format ensures attendees can explore the intersection of AI, big data, and other emerging technologies.- Exhibition Floor: Discover the latest innovations from over 200 industry-leading solution providers, including Lenovo, OutSystems, F5, Bosch, KLM Royal Dutch Airlines, ING, and Three Business. The exhibition floor is your gateway to seeing cutting-edge products and services firsthand, offering solutions that can transform your business.7,000 attendees are expected to congregate from across Europe including CTOs, CDOs, CIOs , Heads of IOT, AI /ML, IT Directors, chief data scientists, data analysts, Software Engineers, Security Professionals, Developers, Start-Up’s, OEM’s, Government, Technology Providers, Investors, VCs and many more.With solution-based case studies, top-level content, live demos and several networking opportunities, this show is not to be missedRegister TodayDon’t miss your chance to attend this world-leading event and elevate your AI expertise. Secure your free pass today by visiting AI and Big Data Expo Europe Registration.About AI & Big Data Expo:The AI & Big Data Expo is part of the TechEx Events World Series, the leading European technology event organizer. Bringing together key industries from across Europe, the expo offers a unique platform for business leaders, technologists, and decision-makers to engage, network, and learn about the latest advancements in AI, Big Data, and related fields.Media contact:Charlie Herne charlie@techforge.pub Copyright 2024 ACN Newswire via SeaPRwire.com.
More
CX Asia Week 2024 Promises an Experience Revolution with Fresh Insights and Innovative Focus ACN Newswire

CX Asia Week 2024 Promises an Experience Revolution with Fresh Insights and Innovative Focus

SINGAPORE, Sept 3, 2024 - (ACN Newswire via SeaPRwire.com) - CX Asia Week 2024, returning for its 12th edition, is set to redefine the customer experience landscape.Jamie Tan, General Manager of IQPC Asia, aptly puts it, the event has solidified its position as the "must-attend" gathering for CX professionals. This year's edition promises to be even more impactful, with a focus on personalisation and the transformative power of AI.Qinthara Fasya, Conference Producer, envisions a future where customer journeys are as intimate as conversations with close friends. The event will delve deep into strategies to achieve this level of personalisation through micro-segmentation and the harnessing of generative AI.Under the expert guidance of Chairperson Katja Forbes, the event is poised to deliver unparalleled value. Forbes emphasises the importance of this year's theme, "Experience Revolution: Design the Journeys Customers Crave," in addressing the evolving CX landscape. With a rich program featuring industry leaders, interactive workshops, and networking opportunities, CX Asia Week 2024 is set to be a catalyst for innovation and growth in the region.New CX Experts Take the StageFor the first time, over 60% of the presenting CX experts will be new faces, bringing fresh perspectives from:LinkedIn Top Voice for AI: Dominique Rose Van-Winther, Chief AI Evangelist, Chief Executive Officer, Final Upgrade AIMay Chin, Head of Product Growth & Analytics, ZALORATeeraphol Ambhai, Head of Search Experience - Martech, Bumrungrad International HospitalKirk Chua, Customer Service Lead, Associate General Manager, Airport Operations Services, Changi Airport GroupGina Lim, Head of Customer Experience, AIG Asia Pacific InsuranceUnveiling New and Exciting FeaturesNew this year is the Knowledge Immersion Visit to Changi Experience Studio and NCS Office. Attendees can also delve into a Focus Day on Gen AI and Human Touch, optimising customer touchpoints, and exploring the link between employee and customer satisfaction.Join us to network, learn, and shape the future of CX. Visit www.cxasiaweek.com to learn more about the event!About IQPC & CX AsiaIQPC is a global leader in business-to-business events, offering a dynamic mix of online and offline platforms for executives across industries. CX Asia Week, an IQPC event, has established itself as the premier gathering for Asia's customer experience leaders. For twelve years, it has brought together industry experts to share insights, foster connections, and drive innovation in delivering exceptional customer experiences.Media Contact: Suhailah Ishak Marketing Manager – CX Asia Email: suhailah.ishak@iqpc.com.sg Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Digital China Holdings Limited announces 2024 Interim Financial Results ACN Newswire

Digital China Holdings Limited announces 2024 Interim Financial Results

Summary of the 2024 Interim Financial Results (for the six months ended June 30, 2024)- Profit attributable to shareholders is approximately RMB 10.81 million. - Total revenue is RMB 7.014 billion, with an increase of about 5% year-on-year. - Breakthrough progress in big data products and solutions, with revenues of RMB 1.277 billion, showing a year-on-year growth of 17%.- Rapid growth in overseas business, with revenues amounting to RMB 465 million, a year-on-year increase of 55%. This has been driven by successful wins for supply chain tenders in Thailand and Vietnam for BYD.- The Group has also secured major projects, including an AI infrastructure project (Smart Computing Center) in Jilin Changchun New District, the second phase of the Computing Power Center in Changchun, and an Intelligent Water Project in Jilin Province. - The interim dividend for the six months ending June 30, 2024, is HKD 0.01 per ordinary share.HONG KONG, Sept 2, 2024 - (ACN Newswire via SeaPRwire.com) - Digital China Holdings Limited ("DC Holdings" or "the Company," together with its subsidiaries referred to as "the Group"; Stock Code: 00861.HK) announces its unaudited interim results for the six months ended June 30, 2024 (the "Reporting Period").During the Reporting Period, the Company achieved total revenue of RMB 7.014 billion, representing a year-on-year increase of 5%. Revenue from big data products and solutions was RMB 1.277 billion, with a year-on-year growth of 17%; and overseas revenue was RMB 465 million, up 55% year-on-year. Profit attributable to shareholders was approximately RMB 10.81 million (compared to RMB 40 million in the same period last year). The decrease in profit was primarily due to heightened competition faced by the Company Ltd. (“DCITS”), and its ongoing increase in investments within various business sectors, leading to a decline in gross profit margin, and increased costs related to new product lines.Breakthrough Progress in Big Data Products and SolutionsFueled by the robust and swift growth of its big data business, DC Holdings has further refined its overall business structure. The innovative “City CTO + Enterprise CSO” model continues to gain strength, utilizing years of accumulated government resources to expedite expansion into industry and enterprise sectors. This strategy has been effectively validated by clients and quickly replicated.Major Project Wins: During the Reporting Period, The Group has secured major projects, including the AI infrastructure project (Smart Computing Center) in Jilin Changchun New District, the second phase of the Computing Power Center in Changchun, and an Intelligent Water Project in Jilin Province.Intelligent Computing Center Development: The Company will continue to enhance and evolve industry-specific software models on its proprietary “Three-in-One” industrial intelligent brain platform. This platform delivers robust computing power and intelligent solutions across various industries.Serving Enterprise Clients: During the Reporting Period, the Company successfully collaborated with leading domestic chip manufacturer Geehy Microelectronics and several industry-leading enterprises. These partnerships span a diverse range of areas, including cutting-edge technology, consumer goods, and advanced manufacturing.Core Technology of Self-Developed Knowledge Graphs and Integration of Industry-Academia-ResearchIn technology development, the Company focuses on standardized products and solutions, powered by two core elements: knowledge graph-based digital twins and AI large language model-based ecological platform capabilities. This strategy enables enterprises to swiftly develop AI applications, modularize and platformize products and solutions, and leverage AI tools alongside deep industry insights. It assists clients in dynamically analyzing and managing business processes in complex, ever-changing market environments, thereby boosting operational efficiency, reducing costs, and fostering business innovation to enhance competitive advantage.The Company integrates its dual-core technologies into big data products and solutions, targeting key scenarios such as smart cities, supply chains, and fintech. It continues to enhance AI-driven decision-making capabilities, enabling rapid development with low-code or no-code solutions. The Company drives horizontal expansion across multiple industries through the “3+N” model and standardized replication with clients via the “1xN” model.In the first half of the year, the Company advanced its intelligent manufacturing solutions with blue-chip clients, swiftly deploying and implementing end-to-end smart supply chain control tower solutions, covering everything in the manufacturing process from initial research and development initiatives to products sales and after-sales customer service.The Company collaborates with universities and research institutions to strengthen industry-academia-research integration and increase investment in the development of "big data + Artificial Intelligence" products and solutions. R&D expenses reached RMB 320 million.Expanding Overseas: A New Growth PhaseDuring the reporting period, DC Holdings achieved overseas revenue of RMB 465 million, marking a 55% year-on-year increase. Under China’s Belt and Road Initiative, the Company leverages its extensive overseas experience and high-end networks to actively expand its value chain, focusing on “localization,” “win-win cooperation,” and “leading domestic ecosystems while integrating into international ecosystems.”Following this international strategy, the Group has formed strategic alliances with prominent Chinese enterprises such as Huawei, Honor, ZTE, and BYD to enhance their global presence. They offer comprehensive supply chain operations and digital services, including international and domestic transport, warehousing, import and export, cross-border e-commerce, and live streaming services. During the reporting period, the Company secured supply chain tenders from BYD for Thailand and Vietnam, providing integrated end-to-end supply chain services for overseas raw materials and components.Future OutlookIn 2024, the National Data Bureau will introduce eight institutional documents focusing on data ownership, data flow, revenue distribution, security governance, public data development and utilization, enterprise data development and utilization, high-quality development of the digital economy, and data infrastructure construction. With the release of the “Three-Year Action Plan for Data Elements (2024-2026)” policy and the initiation of data resource listings, the market for data elements is poised for significant industrial growth. Digital China will seize this historical opportunity, leverage its strengths in data governance and application, actively engage in cutting-edge technology areas, and accelerate expansion into enterprise markets.DC Holdings will expedite the implementation of the “Enterprise CSO” business model, deepen its focus on core smart supply chain scenarios, and continue to collaborate with warehousing and logistics ecosystem partners. By utilizing the supply chain control tower, the Company aims to assist more enterprise clients with end-to-end supply chain operations and continuously iterate AI intelligent applications from visualization and assisted decision-making to autonomous intelligent decision-making, promoting rapid replication and implementation of the end-to-end supply chain control tower solutions for clients.Looking ahead, as global intelligent transformation deepens, DC Holdings’ “Big Data + Artificial Intelligence” strategy will experience significant development. The Company will rely on its core technologies to expand market space in data elements and industry-specific intelligent applications, advance scenario implementation amidst the AI wave, and accelerate international expansion while continuing to cultivate the domestic market, aiming for exponential business growth.- End -About Digital China Holdings LimitedDigital China Holdings Limited (DC Holdings) was established in 2000 and listed on the main board of the Hong Kong Stock Exchange in 2001 (Stock Code: 00861.HK). Over the past twenty years, the Company has remained committed to the mission of "Digital China," and adheres to the principle of "leading in concept, technology, and practice"Currently, the Company focuses on the "Big Data + Artificial Intelligence" strategy and the "City CTO + Enterprise CSO" innovative model, striving to drive the commercialization of high-quality data and AI application scenarios. The Company is dedicated to deepening its efforts in key areas such as smart cities, smart supply chains, and smart finance, continuously developing data analysis and decision-making products and intelligent applications for government and enterprise clients, and aims to be a pioneer in big data technologyFor more information, please visit Digital China Holdings Limited’s website: https://www.dcholdings.com/zh/company-overviewThis press release is issued by Intelligent Joy Limited on behalf of Digital China Holdings Limited.For enquiry, please contact Intelligent Joy Limited:Jason Guo / Karena KeEmail:Jason.guo@intelligentjoy.com/karena.ke@intelligentjoy.com Copyright 2024 ACN Newswire via SeaPRwire.com.
More

Dida Inc. Announced 2024 Interim Results, Adjusted Net Profit Increased by 51.3%

HONG KONG,Sept 2, 2024 - (ACN Newswire via SeaPRwire.com) - Dida Inc. (“Dida” or the “Company”, Stock Code: 02555.HK), a leading technology-driven mobility platform, announced the unaudited consolidated interim results for the six months ended June 30, 2024.Financial Highlights:- Revenue increased by 2.0% from RMB396.2 million for the six-month ended June 30, 2023 to RMB404.1 million for the six months ended June 30, 2024- Gross profit decreased by 2.0% from RMB302.1 million for six month ended June 30, 2023 to RMB296.1 million for the six months ended June 30, 2024- Net profit amounted to RMB947.9 million for the six months ended June 30, 2024, as compared to net loss of RMB220.2 million for six month ended June 30,2023- Adjusted net profit (non-IFRS measure) increased by 51.3% from RMB85.7 million for the six months ended June 30, 2023 to RMB129.7 million for the six months ended June 30, 2024Operation Highlights:- Gross transaction value amounted to RMB4.0 billion and total number of orders reached 61.7 million for the six months ended June 30, 2024- Registered users reached over 368 million as of June 30, 2024- Certified private car owners reached 17.7 million, an increase of 17% year-on-yearBusiness OutlookCarpooling marketplace businessThe Company believes that carpooling in China is still at its early stage of development. It plans to grow its business by constantly refining its platform and services. The Company has been applying AI to optimize the order matching between its riders and private car owners, improving its route planning and navigation capabilities. It will continue to ensure the safety of its riders and private car owners by implementing a series of real-time security features. It has also been using AI to improve the efficiency of customer services and enhance its user experience.Instead of treating a local market as a homogeneous whole, the Company can now operate at a higher level of granularity. It can group routes with similar origins and destinations and balance supply and demand at a more granular level through dynamic pricing and appropriate incentives.In addition, the Company has been working with strategic partners to gain further growth. For example, it has entered into a cooperation agreement with DingTalk, a leading enterprise SaaS platform, to jointly create a carpooling service for the large population of office workers. Such service can offer them a greener and lower-cost alternative for daily commuting. It has also entered into respective strategic cooperation agreements with Baidu Maps, a leading mapping service provider, to jointly explore carpooling and taxi services in a wide range of scenarios. It believes there is potentially a huge market for carpooling that is yet to be fully unleashed and the benefits of carpooling are yet to be fully recognized by the public.Taxi businessIn selected cities where the Company has already entered into strategic cooperation agreements, it will closely work with all relevant stakeholders, including local authorities, taxi industry associations, taxi companies, and taxi drivers to implement its strategy for smart taxi services.For the full announcement of Dida for the interim results ended June 30, 2024, please visit: https://manager.wisdomir.com/files/594/2024/0830/20240830190001_32977149_en.pdf.About Dida Inc.Dida Inc. (“Dida” or the “Company”, Stock Code: 02555.HK) is a leading technology-driven mobility platform in China. The Company creates more transit capacity with less environmental impact by providing carpooling marketplace services to pair up riders with private car owners if they are heading in similar directions at compatible times. It also provides smart taxi services, aiming to improve the efficacy and efficiency of relevant stakeholders in the taxi industry in China. Dida makes the mobility ecosystem greener and more efficient, and each trip experience warm and enjoyable.Forward-Looking StatementsThis press release contains forward-looking statements relating to the business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in future. Underlying the forward-looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in our other public disclosure documents on our corporate website. Copyright 2024 ACN Newswire via SeaPRwire.com.
More

CALB Group Announces 2024 Interim Results

HONG KONG, Sept 1, 2024 - (ACN Newswire via SeaPRwire.com) - On August 29, CALB Group Co., Ltd. (“CALB” or the “Group”, stock code: 03931.HK), a global vanguard in new energy power generation and storage technology, announced interim results for six months ended June 30, 2024. According to the financial report, the Group achieved total revenue of RMB12.469 billion, a year-on-year increase of 1.4%. The profit increased by 56.6% to RMB417 million. Gross profit rose by 65.2% to RMB1,948 million, with a gross profit margin up by 6 pp to 15.6%. The net assets amounted to RMB47.369 billion, an increase of 2.1% over early 2024.CALB noted that the revenue growth in H1 2024 was mainly attributable to the release of the Group's production capacity, further diversified in customer structure, and significant growth in business scale. By product division, revenue generated from the sales of EV batteries reached RMB9,724 million, accounting for 78% of total revenue. Meanwhile, revenue generated from the sales of ESS products and others increased by 43.2% year-on-year to RMB2,745 million, accounting for 22% of total revenue.In the first half of 2024, CALB made full efforts in all fields to achieve sustained and rapid development. The Group’s installed capacity of EV batteries firmly ranked the second place in China and rose to the top four globally among the third-party EV battery providers. The installed capacity for hybrid electronic vehicles and commercial vehicles has more than doubled, while the delivery of BEV batteries for high-end market increased significantly year-on-year, the Group became the designated partner of new platforms and projects of many international customers such as Toyota, Volkswagen, Ford, Audi and Mazda. Additionally, CALB’s 314Ah ESS battery was the first in the industry to achieve stable delivery in batches, and secured the battery order for the world’s largest energy storage project. For the E-ship market, the Group also signed several projects of international large-scale commercial ships, and the deliveries will be completed in succession.In terms of innovation in technologies and products, CALB continues to make strides, achieving a series of key technological breakthroughs. On August 28, the "2024 CALB Global Ecosystem Conference" officially showcased the full-scene series of new products in several major categories, including EV, eVTOL, ESS, E-ship and E-train, together with a highly anticipated all-solid-state battery solution, continuously leading the industry to new heights.The new series for passenger EVs and eVTOLs includes four batteries: super BEV battery with new 5V LNMO cathode and upgraded performance (400km with 5 mins recharge, 100% performance under -20oC), super REEV battery with extreme fast charging of 5C, super PHEV battery with ultra-high power up to 400kW, and super eVTOL battery with extremely high energy density of 350Wh/kg with 46-cyclidical solutions, all scheduled to be launched between 2025 and 2026. The new series for commercial applications encompasses four battery systems, including a high-capacity battery system for light trucks with mileages up to 600km, a standard 800kWh solution for heavy trucks to reach mileages up to 530km, a flexible solution for E-trains, and a 199MWh walk-in solution for E-ships. The series for ESS applications includes three different specifications of cells and systems: the industry’s first mass-produced Gen2 314Ah battery cell with the cycle life of 15,000 times and the upgraded 5MWh ESS container, the 6.25MWh ESS container with the newly designed 392Ah battery cell, which will be the world’s 1st in the market and perfectly compatible with existing production lines for 314Ah cells, and the 6.8MWh+ ESS container equipped with the next generation 625+Ah battery supported by the Gen3 stacking technology. The all-solid-state battery, a major blockbuster product that has drawn significant attention at the conference, is set to enter the pilot installation phase in 2027, achieving the industry’s peak energy density of 430Wh/kg in mass production.For the future prospects, revolving around the business strategy of “dual-driven force of power and energy storage” and regional strategy of “Paradigm Featuring Dual Circulation”, CALB is dedicated to serving the high-quality development of new energy with its leading technology and product capabilities. As for innovation in technology and product, the Group is committed to continuous technological innovation in multiple dimensions and maintaining its leadership in advanced materials, advanced manufacturing technologies, high performance battery and system technologies, new batteries, and battery life-cycle management, etc. to ensure the competitive advantages of its products in the application field. Meanwhile, the Group will pool its efforts and resources to provide comprehensive product solutions and life-cycle management for the new energy full-scenario application market represented by EV and ESS. In alignment with its strategic goal of internationalization, the Group will continue to accelerate its strategic internationalization process from multiple aspects including production capacity, market and supply chain.In the future, CALB will adhere to the innovation-driven development strategy, firmly grasp the high-quality development, develop new quality productive force, continuously define and expand the global markets and persistently provide global customers with a full range of optimal solutions. Based on the positioning as a “battery expert”, the Group will be dedicated to the technologies and product offerings to serve the market and satisfy the customers, continue to shape a healthy ecosystem for the new energy industry. Copyright 2024 ACN Newswire via SeaPRwire.com.
More
India Emerges as Fastest-growing Pro AV Market in APAC in Latest 2024 IOTA Report ACN Newswire

India Emerges as Fastest-growing Pro AV Market in APAC in Latest 2024 IOTA Report

MUMBAI, INDIA, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - The global Pro AV market is projected to reach $325 billion in 2024, from $306.4 billion in 2023, with India leading the Asia Pacific region in growth, according to the Audiovisual and Integrated Experience Association (AVIXA) 2024 Industry Outlook and Trends Analysis (IOTA).Against this backdrop of robust growth, InfoComm India, the region’s foremost professional audiovisual exhibition, is set to showcase the advanced technologies and solutions driving this rapid expansion that has propelled India to be the fastest-growing market in APAC. The tenth in-person edition of the show will offer opportunities, insights, and context as to how businesses and tech professionals can leverage the transformative technologies of Pro AV to propel their organizations to the next level in the digital revolution era. InfoComm India 2024, the largest edition yet, kicks off from 3 to 5 September at the Jio World Convention Centre (JWCC) in Mumbai and is open to all professionals seeking to better understand and benefit from integrated experience solutions. AVIXA CEO David Labuskes attributes the growth in Pro AV adoption within specific markets and regions to the forces and relationships between market demand for technology upgrades, supply, distribution networks, and systems integration. David, alongside InfoCommAsia Executive Director June Ko will illuminate audiences on India’s current and future Pro AV landscape and opportunities during InfoComm India 2024’s opening session, ‘Navigating New Horizons: Insights and Innovations Shaping India’s Pro AV Landscape’, on opening day at 10.30am.The InfoComm India 2024 Summit offers a deep dive into the intersection of innovation and practical application across its 14 specialty tracks, featuring 50 sessions, and over 90 expert speakers. Attendees can expect to explore hot topics like mastering audiovisual communication, harnessing AI in Pro AV, and empowering sustainable cities. In addition to the recently announced 32 first-time exhibitors (joining the 250 total participating exhibitors and brands) and 30+ new launches, details of several new debuts and experiential activities have leaked just one week before the event. They include:AVOCOR’s global launch of their ‘New S Series’ for education displaysNorwegian-based NEAT’s showcase of their 2024 Red Dot Design Award-winning Neat Centre and Near Bar Generation 2INOGENI’s introduction of their all-new Toggle Rooms for advanced video conferencingUS-based ZEEVEE INC. debuting their Zyper Management Platform.AV MASTER TEECHNOLOGY unveiling their latest product - the 4x1 HDMI SwitcherDATAPATH to demonstrate Aertia’s latest advancements with a real-life mini replica of a control roomTaiwan’s CYPRESS TECHNOLOGY will showcase their all-new AV over IP solution boasting flexible deployment and centralized management Beyond technology and innovation, InfoComm India is designed to better serve Pro AV communities by fostering engagement and connections. From AVIXA’s ‘Flashtracks’, AV Marketer’s Meetup, and the empowering AVIXA Women’s Council, to InfoComm India’s networking breakfasts, next-gen photo booth, to the Multisensory Immersive Experience – an installation co-presented with MSS World + Studio Ocupus, the entire event provides numerous opportunities to meet peers, experts, and potential collaborators.InfoComm India 2024 opens its doors at 9.10am on 3 September. To skip long queues onsite, register and secure your show badge now.For details on the program agenda, visit InfoComm India.To access more press information on InfoComm India 2024, please visit the Digital Press Kit Contact Information: Rest of the World Angie Eng, Marketing Director InfoCommAsia Pte Ltd angieeng@infocommasia.com IndiaSooraj Dhawansooraj@falconfirst.com Copyright 2024 ACN Newswire via SeaPRwire.com.
More
Flexidynamic Sees Significant Turnaround in PBT by 277.62% for Q2 FY2024, Better Prospects Ahead ACN Newswire

Flexidynamic Sees Significant Turnaround in PBT by 277.62% for Q2 FY2024, Better Prospects Ahead

KUALA LUMPUR, Sept 1, 2024 - (ACN Newswire via SeaPRwire.com) - Flexidynamic Holdings Berhad ("Flexidynamic" or the "Company"), an established solutions provider for the rubber glove manufacturing industry, is pleased to announce its financial results for the second quarter ended 30 June 2024 ("Q2 FY2024").The Group recorded revenue of RM7.76 million for Q2 FY2024, reflecting a strategic shift as the Company capitalised on emerging opportunities in the recovering glove industry. While revenue showed a decline from RM13.30 million in the corresponding quarter of the previous year ("Q2 FY2023"), primarily due to the completion of significant overseas projects in the prior year. Flexidynamic saw a robust increase in demand for repair and maintenance services, system upgrades, and equipment enhancements from its existing customers. This signals a positive market sentiment and the beginning of a rebound in the glove manufacturing sector.Profit before taxation (“PBT”) for Q2 FY2024 was RM0.91 million, slightly lower than the RM0.93 million recorded in Q2 FY2023. However, the Company’s continued focus on cost management and operational efficiency has ensured sustained profitability. Notably, Profit After Tax (“PAT”) soared to RM0.98 million, a significant improvement compared to a Loss After Tax (“LAT”) of RM0.55 million in the same quarter last year, driven by the recognition of deferred tax assets from customer downpayments.The comparison with the immediate preceding quarter (“Q1 FY2024”) further highlights Flexidynamic’s positive trajectory. Revenue surged from RM4.75 million in Q1 FY2024 to RM7.76 million in Q2 FY2024, while PBT experienced a remarkable 501.32% increase, rising from RM0.15 million to RM0.91 million. This strong performance underscores the Company’s ability to navigate a challenging environment and capitalise on the recovery in the glove industry.Mr. Tan Kong Leong, Managing Director of Flexidynamic, commented on the results: “The second quarter of FY2024 marks a significant period of recovery for Flexidynamic as the glove industry shows early signs of resurgence. While the global oversupply of gloves persists, particularly due to the excessive capacity expansion during the Covid-19 pandemic, we are optimistic about the long-term prospects of the industry. Increased hygiene awareness, especially in emerging markets with low glove consumption, is expected to drive demand. Our strategic focus on operational efficiency and cost management has allowed us to effectively leverage this recovery, leading to a substantial increase in profitability.”He added, “In addition to our core operations, we are pleased to announce our recent venture into gamma radiation sterilisation services in collaboration with Gammatech. This initiative not only serves our existing customers in the glove industry but also opens up new opportunities in sectors such as pharmaceuticals, food processing, and packaging. By offering these services, we are poised to expand our market reach and deliver even greater value to our shareholders.”Since its inception in 2012, Flexidynamic has firmly established itself in the rubber glove manufacturing industry. The strategic acquisition of Flexidynamic Engineering Co. Ltd. in Thailand in 2018 has expanded its presence across Southeast Asia, supported by operational offices in Malaysia and Thailand and a manufacturing facility in Banting, Malaysia. The Group has also diversified into infrastructure projects, including a recent RM12.4 million contract for the water treatment plant and water intake at Loji Rawatan Air Chupak, Jajahan Gua Musang, Kelantan, which is expected to contribute positively to earnings. Furthermore, with the Group’s planned provision of sterilisation services using gamma radiation through Gammatech, its 51%-owned subsidiary, Flexidynamic is set to serve not only its existing glove industry customers but also expand into pharmaceuticals, food processing, and packaging sectors, leveraging its expertise to drive sustained growth and diversification.ABOUT FLEXIDYNAMIC HOLDINGS BERHADFounded in 2012, Flexidynamic Holdings Berhad has established itself as a pivotal solutions provider in the rubber glove manufacturing sector, with a significant market presence in countries like Vietnam, Indonesia, and Sri Lanka, supported by strategic offices in Malaysia and Thailand. From its inception focusing on chlorination systems for powder-free glove production, Flexidynamic has expanded its product range and geographical footprint, particularly after the strategic acquisition of Flexidynamic Engineering Co. Ltd. in Thailand in 2018. This acquisition bolstered its support for overseas operations, mainly in the Southeast Asia region. With a relentless focus on innovation and a strong support base, Flexidynamic Group is poised for further growth, leveraging its expertise to venture into new markets and sectors.For more information, visit https://flexidynamic.com/.Issued By: Swan Consultancy Sdn. Bhd. on behalf of Flexidyanmic Holdings BerhadFor more information, please contact:Jazmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizWilliam YeoTel: +60 13-213 2103Email: w.yeo@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
More