HONG KONG, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) TIME Interconnect Technology Limited (“TIME Interconnect”, Stock Code: 1729.HK, with its subsidiaries collectively referred to as the “Group”) is pleased to announce its interim results for the six months ended 30 June 2024 (the “Current Interim Period”).During the Current Interim Period, the pace of economic expansion has been slow, owing to the factors, such as still-high borrowing costs and withdrawal of fiscal support, and the increasing geo-economic fragmentation and geo-politic tension. In spite of these challenges and difficulties, the Group strives to improve its business operations and financial position by proactively seeking potential investment opportunities that would diversify the Group's existing business portfolio, broaden its source of income and enhance value to the shareholders of the company. Benefiting from the AI boom, the revenue of data centre sector and specialty cable sector have significantly increased by 16.6% and 93.6% respectively during the Current Interim Period and the profitability was relatively improved. In addition, the Group paid more attention and efforts in the medical equipment cables business, and with the setup of two new plants, the revenue of medical equipment sector has also significantly increased by 166.0%. At the same time, the Group has completed its investment in two medical and healthcare-related companies in July 2024. The overall profitability of cables and wires has also improved due to these sectors are carrying a better margin. Meanwhile, overseas orders for networking cable sector continued to improve. The revenue of networking cable sector has increased by 25.1% during the Current Interim Period.For the Current Interim Period, the Group recorded revenue amounting to HK$2,666.1 million, represented an increase of HK$39.4 million or 1.5% as compared with HK$2,626.7 million for the six month ended 30 September 2023 (“Previous Interim Period”). Operating profit for the Current Interim Period was HK$309.2 million, represented an increase of HK$74.1 million or 31.5%, as compared with HK$235.1 million for the Previous Interim Period, with the operating profit margin raised from 9.0% to 11.6% for the Current Interim Period. The increase of operating profit was mainly attributable to changes of product mix, higher revenue from medical equipment, data centre and specialty cable sectors with all three market sectors having better profit margin; and lower revenue and profit margin from the server sector.For the Current Interim Period, basic earnings per share was HK10.4 cents, which is 33.3% higher than the basic earnings per share of HK7.8 cents in the Previous Interim Period. The Board Directors of the company is pleased to declare an interim dividend of HK1 cent per share, amounting to a total of approximately HK$19.5 million.Business ReviewThe Group’s turnover by market sector is as follows:Market SectorTurnover (HK$ million)Share of TurnoverSix months ended 30 June 2024Six months ended 30 September 2023ChangesSix months ended 30 June 2024Six months ended 30 September 2023Cable assembly Data centre564.4484.116.6%21.2%18.4% Telecommunication286.5348.6-17.8%10.7%13.3% Medical equipment386.0145.1166.0%14.5%5.5% Industrial equipment21.312.866.4%0.8%0.5% Automotive68.469.5-1.6%2.6%2.7%Digital cable Networking cable614.7491.225.1%23.0%18.7% Specialty cable111.557.693.6%4.2%2.2%Server613.31,017.8-39.7%23.0%38.7%Total2,666.12,626.71.5%100%100%Data centre sectorThe emergence of Al drove the growth and development of the Group's data centre business. During the Current Interim Period, the revenue of data centre sector increased by HK$80.3 million or 16.6% to HK$564.4 million as compared to HK$484.1 million for the Previous Interim Period due to the upgrading of servers and the profitability was relatively improved. Orders from this sector maintained at a high shipment level during the Current Interim Period, and remained the highest revenue sector in the cable assembly business.Telecommunication sectorIt recorded a decrease of revenue from HK$348.6 million for the Previous Interim Period to HK$286.5 million for the Current Interim Period, represented a decrease of HK$62.1 million or 17.8%. The main customers of telecommunication sector are located in PRC, and the main reason for the decline in revenue was the impact of the Lunar New year holidays during the Current Interim Period as compared to the Previous Interim Period.Medical equipment sectorDuring the Current Interim Period, the Group paid more attention and efforts in the medical equipment cables business and continued to enhance its medical equipment customers base, as well as to strengthen its R& D capabilities during the Current Interim Period. Benefited from the setup of two new plants, Time Kunshan and Time Jiangxi, last year and expanded production capacity and R&D capabilities for medical equipment cables products, the revenue of medical equipment sector has significantly increased to HK$386.0 million, represented an increase of HK$240.9 million or 166.0% as compared with HK$145.1 million for the Previous Interim Period.Industrial equipment sectorThe global economy recovered but the pace was slower than expected. The divergences between countries have maintained. High interest rates directly raised the cost of borrowing and constraining economic activity. However, there was slight improvement in the industrial equipment sector. The revenue of industrial equipment sector increased by 66.4% from HK$12.8 million for the Previous Interim Period to HK$21.3 million for the Current Interim Period.Automotive sectorThe revenue of automotive sector was HK$68.4 million for the Current Interim Period, compared with the revenue for the Previous Interim Period of HK$69.5 million, represented a slight decrease of 1.6%. Affected by geopolitics and trading war, the sales orders of automotive wire harness products maintained a lower level during the Current Interim Period. But the Group still believes that the automotive wiring products can help the Group to provide its customers with a broader product portfolio. To capture opportunities brought by the booming electric vehicle market, the Group’s new wholly-owned subsidiary, Linkz Cables Mexico, S. de R.L. de C.V. ("Linkz Mexico"), has been setup in Mexico to increase its market share in markets outside China and Asia.Networking cable sectorEven a lot of negative factors, such as the divergences between countries, wars, high interest rates, strong US dollar and high inflation, were remained exist, overseas orders for networking cable sector continued to improve. The revenue of networking cable for the Current Interim Period was HK$614.7 million, represented an increase of HK$123.5 million or 25.1% as compared with HK$491.2 million for the Previous Interim Period. The rise in copper price indicated that market demand is continuing to improve. The establishment of Linkz Mexico also helps to increase its market share in the U.S. and Mexico markets.Specialty cable sectorSame as data centre sector, Al also stimulated the growth and development of high-speed cables in the specialty cable sector. For the Current Interim Period, the revenue of specialty cable was HK$111.5 million, represented a significant increase of HK$53.9 million or 93.6% as compared with HK$57.6 million for the Previous Interim Period. High-speed cables also carried a better profit margin which benefited to the Group's overall profitability.Server sectorFor the Current Interim Period, the revenue of server was HK$613.3 million, represented a decrease of HK$404.5 million or 39.7% as compared with HK$1,017.8 million for the Previous Interim Period. After a peak of new products shipments at the end of last year, there was a shortage of key components supply this year, resulting in some orders need to be rescheduled.ProspectLooking ahead, on the downside, geopolitical tensions and high interest rates continue to dampen global economic activities. According to the latest forecast of the "World Economic Outlook" issued by the "International Monetary Fund" in 2024, global growth estimated at 3.2 percent in 2023, is projected to continue at the same pace in 2024 and 2025. The latest forecast for global growth five years from now at 3.1 percent is at its lowest in decades. On the upside, inflation could fall faster than expected amid further gains in labor force participation, allowing central banks to bring easing plans forward. Artificial intelligence and stronger structural reforms than anticipated could spur productivity. However, even the Group is facing such challenges and difficulties in the macro-economic environment, the management remains confident in its future business. With the support of Luxshare Group, the Group enjoys advantages in both product manufacturing capabilities and financial strength. The Group will continue to develop strategic businesses and markets, strengthen its business foundation and achieve impressive results during the economic downturn.The Group believes that the PRC’s continued acceleration of 5G technology research and development, as well as the new social normals caused by the epidemic, including work-from-home and online meetings, are expected to drive the demand of cable assembly products and telecommunication sector and benefit the Group’s business growth. In light of this, the management remains confident in 5G-related business.On the other hand, considering the vigorous development of the automotive and electric vehicle markets, the Group believes that the automotive wire harness products can help the Group to provide its customers with a broader product portfolio, and to step in new business sector by enriching the Group's business portfolio and broadening its unique customer base, helping the Group to capture opportunities brought by the booming electric vehicle market. In view of these, the Group has setup a new wholly-owned subsidiary, Linkz Mexico in Mexico to increase its market share in markets outside China and Asia. A new plant is expected to be put into production in the second half of 2024. The new factory will produce digital cables and automotive wire harness products. This is a "China-Plus-One" strategy, which can protect supply chains and export markets against geopolitical tensions and unforeseen disruptions and enable the Group to capture market opportunities upon the arrival of this generation 5G network.Moreover, the utilisation rate of cloud technology in the companies around the world is continuously increasing, which is expected to drive the development of data centre. Meanwhile, the development of 5G will boost the application of big data, IoT, internet gaming and video streaming through cloud platform. To capture the huge market demand, the Group extended its business to server sector, the products offered by the Group under this business are mainly applied in data centres. Having considered that (i) China is actively conducting investment activities to build digital infrastructure; (ii) the PRC manufacturers continue to increase the share of local supply chain due to geopolitics relationship; and (iii) Luxshare Precision has extensive technological knowhow and good customers’ relationships, the Group is optimistic on the potential demand in the market. Meanwhile, the emergence of Al drove the growth and development of the Group's server and data centre sector business. However, geo-economic fragmentation continues to intensify, barriers to the flow of goods, capital and people continue to increase, and supply chain problems continue to arise. All of these have created challenges on the business operations of the Group. The Group will work very hard to find any business solutions to cope with the current economic environment as well as the complex geopolitical relationship around the globe, and continue to expand and consolidate the development of server business.As for the medical equipment sector, the Group expects the demand for medical equipment cables will continue to bring positive impact to the Group’s medical equipment cables orders this year. To catch up with the trend, the Group has established two wholly-owned subsidiaries, Time Kunshan and Time Jiangxi, to expand production capacity and R&D capabilities for medical equipment cables products.Moreover, the Group completed the investment in two medical and health related companies in July 2024. One is Cosmic M.E. Inc. (“CME”), which has become a subsidiary of the Company following its share subscription. With a proven operating history of over 30 years, CME is engaged in the developing, manufacturing and selling of electronic medical instruments and other medical equipment and devices. The Group believes that the subscription will allow it to leverage on CME's extensive knowhow and existing production facilities to immediately deliver reliable and high quality medical products to its existing and new customers. It will certainly bring synergy to both parties for the development of medical related products in terms of R&D, manufacturing capabilities and global market expansion. Another one is Valkyrie Industries Limited ("Valkyrie"), the company entitled shareholding 16.75% by share subscription. Valkyrie is a UK based startup with 7 years' long professional experience in haptics and virtual reality. It has developed haptic technology with patents, which can create weight, resistance and assistive forces for users in virtual simulations. It combines fitness, wellness and gaming for optimising human performance for the huge markets of games and neuromuscular recovery. The Group considered that the Valkyrie's technology will be a good opportunity for the Group to extend its product mix offered to the existing major customer and also tap into the new business sector so as to diversify the Group's business portfolio and broaden its income stream with distinct customer base. Besides, a new liaison office, Time Interconnect America Inc., has been established in San Diego since July 2024 to seize more business opportunities in medical-related markets. Moving ahead, the Group believes that this sector will maintain its dynamic pace of growth, considering the arising demand from the medical equipment market. The Group will pay more attention and efforts in this sector and continue to enhance its medical equipment customers base, as well as to strengthen its R&D capabilities.Riding on the PRC government's policy of "Channelling Computing Resources from the Eastern Areas to the Western Regions", Luxshare Precision will deploy the platform advantages and market position of the Luxshare Group and introduce strategic resources to the Company with intention to further strengthen the Company's potential for continuous growth and core competitiveness in its market and to enable the Company to develop strategically to become an all-rounded network solutions and infrastructure provider, so as to create greater value for the shareholders. In this regard, Luxshare Precision is conducting a strategic review of the operations and financial position of the Company, and actively exploring business opportunities for the growth and development, in both organic and inorganic manners, for the Company. The Company believes that, with the support of Luxshare Precision, the Group will create more and more possibilities in the future.– End –About TIME Interconnect Technology LimitedTIME Interconnect Technology Limited is a well-established supplier of customised interconnect solutions with over 30 years’ experience in the industry. The Group is headquartered in Hong Kong, and has manufacturing facilities in Shanghai, Suzhou, Jiangxi and Huizhou, the People’s Republic of China (“PRC”), Japan and Mexico. The Group currently manufactures and supplies a wide variety of copper & optical fiber cable assemblies, digital cable products, medical products and servers which are produced to the specifications and designs of its individual customer partners. Its products are used by a number of established PRC and international customers in a variety of market sectors, including telecommunication, data centre, industrial equipment, medical equipment, automotive wire harness, digital cables and server.This press release is disseminated by Bright Communications International Limited on behalf of TIME Interconnect Technology Limited. Copyright 2024 ACN Newswire via SeaPRwire.com.

HO CHI MINH CITY, VIETNAM, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - The much-anticipated Retail & E-Commerce Summit Asia (RESA) 2024 made history as it concluded its inaugural event in Vietnam, following its remarkable success across other countries in Southeast Asia. Held on August 22, 2024, at Mai House, Ho Chi Minh City, this landmark summit welcomed retail and e-commerce leaders seeking to capitalize on digital expansion.Attendees, including C-level executives, industry innovators, and emerging entrepreneurs, engaged in a day of transformative discussions and networking opportunities that set the stage for the future of digital retail growth.With the theme "Retail Revolution: Solidifying Growth Through Digital Expansion," the event offered unparalleled insights into the dynamic intersection of retail and technology in burgeoning markets such as Vietnam. Participants gained access to cutting-edge strategies and exclusive content aimed at navigating the complexities of today’s e-commerce landscape, ensuring they were left equipped with actionable knowledge and essential connections.On the valuable insights from the first-ever RESA Vietnam, it’s all about personalization for Le Huynh Phuong Thuc, Managing Director of Guardian Vietnam and one of the event speakers. “The more personalization that we can have, the more we understand about the customer and have the customized offers to the customers at the right timing, with the right value, with the right products.”With Vietnam's market experiencing robust growth, fueled by the potential of digital expansion and increasing foreign investment in retail and e-commerce, RESA offered a prime opportunity to enhance industry knowledge and network. The summit's unique format fostered a collaborative environment where industry leaders could exchange ideas and explore future opportunities.“Given this is the first time that you organized an event here, I say it's impressive,” Huyen Trinh-Thanh, Co-Founder and CGO of Piktina, and another speaker, noted of the event. “I enjoyed the quality of the discussions today. I've got to meet a lot of good people as well as C-suite or C-level people, all of the decision-makers are in the room. The discussions were thoughtful and insightful.”For more information, you can visit: https://rockbirdmedia.comAbout rockbird mediaRockbird media is an international business media company that produces B2B events and offers business solutions.Whether it is through online media and content, must-have business intelligence and analytics, effective networking, and partnering solutions, we help businesses and professionals learn more about the latest trends, and know more about their customers, peers, and competition, to make that decision that allows them to grow.Media contact:annjubelle@rockbirdmedia.com Copyright 2024 ACN Newswire via SeaPRwire.com.

MUMBAI, INDIA, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - The countdown is on! InfoComm India 2024, India’s premier professional audiovisual and integrated experience solutions event, opens its doors in just one week. For a decade, the show has delighted the region by showcasing cutting-edge technologies and ideas in all areas of Professional AudioVisual (Pro AV) technologies. The 2024 edition is gearing up for its largest showcase yet – featuring 250 exhibitors and brands, of which over 30 are first-time participants. Visitors can also look forward to experiencing nearly 30 new and first-to-debut products in India and Asia.InfoComm India will take place from 3-5 September at the Jio World Convention Centre (JWCC) in Mumbai, India. Tech innovators, professionals, and enthusiasts are welcome to preview the hundreds of products and solutions ahead of time as well as pre-register to obtain their show badge and also take advantage of the 45 sessions at the InfoComm India Summit 2024 and a host of networking and experiential activities.The tenth edition of India’s Premier Pro AV and Technology showcase expands beyond Pavilions 1 to 3 at JWCC, adding Jasmine Hall (at Level 3) for an even larger showcase of innovative solutions.Some of the featured and first-to-debut in Asia and India include:BENQ: Showcasing India’s No. 1 Google EDLA-certified Board Pro, BENQ presents robust educational tools for an enriched learning experience.CANON: Introducing Canon’s first ‘4K PTZ Remote Camera’ targeting at shooting and distribution of high-quality videos, with quick response in the remote operations, offering flexible operation in video production and broadcasting.AV MASTER TECHNOLOGY: Introducing Super Cue Intelligent PPT Clickers for all kinds of educational sessions or press conferences to deliver flawless presentations with precision control. Over 30 first-time exhibitors will also be demonstrating their innovations alongside established participants, adding vibrancy and dynamism to the showcase. They include:GENERATION AV: Headquartered in Singapore, representing major AV brands such as Optimal Audio, iMAGsystems, Sonance, James Loudspeaker for live events.INFONICS TECHNOLOGIES: India’s own “Leading LED Videowall Manufacturer”.NEOTOUCH: Chennai-based manufacturer, specializing in interactive flat panel with in-built WiFi and Bluetooth connectivity to enhance the productivity at schools and boardroom meetings.InfoComm India 2024 | Jasmine Hall opens earlier at 9.10am on opening day and set to feature even more emerging innovatorsInfoComm India 2024’s new expanded show floor at Jasmine Hall on Level 3 of JWCC will be a hub for networking, learning, and interactive activities. Jasmine Hall opens earlier at 9.10 am to welcome attendees to be part of the Opening Ceremony. Visitors are also invited to join a plethora of networking events within the Jasmine Hall, including:3 and 4 September, 9.30 am – the “Breakfast Networking Hours” hosted by InfoComm India and AVIXA leadership, offers a platform for industry peers to connect and mingle before the show opens.3 September, 5 pm – the “Welcome Networking Event” on opening day provides another opportunity for visitors from diverse sectors and background to build relationships.Visitors seeking a guided experience, and a curated list of products and solutions can sign up for the 3 September, New Tech Products & Solutions show floor tour. Slots are limited!Finally, no visit to InfoComm India 2024 would be complete without checking out the Multisensory Immersive Experience. Co-presented with MSS World + Studio Ocupus, this multisensory showcase at SB01, Jasmine Hall combines cutting-edge projections, interactive floors, and multi-channel surround sound to immerse visitors in the beauty and power of nature.InfoComm India 2024 | A plethora of networking, learning and interactive activities at the show ensures a meaningful and fruitful visit for professional attendees.To skip long queues at the show, register and secure show badge now.For full details on speaker and session lineup, exhibitors, products, registration, and remaining sponsorship opportunities, visit InfoComm India.To access more press information of InfoComm India 2024, please visit: Digital Press Office Kit For more information, please contact:Rest of the WorldAngie EngMarketing DirectorInfoCommAsia Pte Ltdangieeng@infocommasia.comIndiaSooraj DhawanDirectorFalcon Exhibitions Pvt Ltdsooraj@falcon-mail.com Copyright 2024 ACN Newswire via SeaPRwire.com.

Anson Resources Achieves Key Permitting MilestoneHighlights:Anson has been granted an Underground Injection Control (UIC) application for Class V wells to dispose of the processed brine at its Green River Lithium Project,The Utah Department of Environmental Quality has granted the application after a public comment consideration,The disposal wells will be located on Blackstone Minerals purchased private property,Application is based on production of 10,000 Li2CO3 tons/annum,Application applies for the development of 4 disposal wells,Conditions for Class V disposal wells include:Brine must be returned to the same Formation it was extracted from, not necessarily from the same horizon as extraction (resulting in no dilution),Volume and geochemistry of disposed brine must be like that of extracted brine,These requirements are met using the Direct Lithium Extraction.NEWPORT BEACH, CA, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - Anson Resources Limited (ASX:ASN) (Anson or the Company) through its 100% owned subsidiary Blackstone Mineral NV LLC is pleased to announce that its Underground Injection Control (UIC) application has been approved by the Utah Department of Environmental Quality, Division of Water Quality for its Green River Lithium Project (Project), in the Paradox Basin in south-eastern Utah, USA. The Division of Water Quality has granted the application after its review and consideration of public comments. This UIC application will enable Blackstone to re-inject the spent brine from its Direct Lithium Extraction (DLE) processing plant back into subsurface formations.Anson is planning to drill new disposal wells, at the time of construction of the production plant, for the injection and disposal of the spent brine from its lithium extraction process as part of the development of the project into production. Several historical plugged and abandoned oil and gas wells are in the area and intersected similar brine reservoirs and confirmed the existence of horizons that had been encountered in the Green River area which can be used as the disposal zones. Some of these wells have already been converted into disposal wells which indicates the ability for those horizons to absorb the waste brine.The disposal wells will be located on the private property recently purchased by Blackstone, see ASX Announcement 13 September 2023. When the lithium processing plant has reached its optimal production rate there will be four disposal wells in operation which have been included in the one application, see Figure 1.The spent brine will be pumped via the injection wells into the Paradox Reservoirs, at shallower horizons into the most permeable rock formations reducing the required pumping pressure.Archaeological, environmental and site surveys have been conducted over the proposed areas and these reports have already been submitted to the Utah Division of Oil, Gas and Mining (UDOGM) as part of the drilling application. These surveys, which showed no issues with the already disturbed site, were carried out over the proposed production site, extraction and disposal well locations and surrounding areas. Access to these sites will be via county roads that exit the I70 interstate and already developed roads in existence in the Blackstone property resulting in minimal disturbance.The UIC application was a detailed report and included:Maps of the Area of Review (AOR) - 2-mile radius surrounding the proposed disposal wells,Maps and cross sections of underground sources of drinking water (USDW),Maps and cross sections of local geologic lithology, structures, and hydrologic settings,Injection well construction plan and operational plan,Corrective action plan,Monitoring, recording and reporting plans,Plugging and abandonment,Financial Responsibility (reclamation).Anson's research into the surrounding historic wells has shown that test-work, such as core sampling and flow testing, has been carried out on some of the wells which was suitable for use in providing additional information for the application. Drill Stem Tests were also carried out through some of these intervals which provides information such as porosity and permeability which will assist in the determination of the horizons to be used for disposal.Executive Chairman and CEO Bruce Richardson commented, "This approval from the Government of the State of Utah demonstrates that Anson can continue to progress the project at Green River by following the regulatory process. Progress in the past 12 months at Green River has been much faster than that of the Paradox due to the ownership of the surface area and the support from the local and state government departments and representatives for which we are extremely grateful. The reinjection of the brine back into the geological formation from which it is originally extracted protects other minerals contained in the brine for future use. The Company continues to engage with the local community to ensure that the best options for the development of the project into production are selected. We look forward to an open dialogue with the community and government as the remaining permits are considered as we move closer to production."Positive ESG AspectsThe drill program is designed to have as little impact on the environment, social and recreational activities as possible within the drill location areas which is further increased by carrying out the program on private property. There will be minimal new ground disturbance as the drill pads will be located on flat ground in areas that have already been disturbed.The use of areas where there has already been ground disturbance is consistent with Anson's aim of developing a sustainable project and minimizing environmental impact.Conservation of Water AquifersThe exploration drilling program has been designed to ensure that there is no interaction between the surface waters and the supersaturated lithium brines with the well-being steel cased and cemented in place.The majority of the water-yielding rock units in the area are part of either an upper or lower hydrologic system. The two systems are separated by the impermeable salt beds of the Pennsylvanian Paradox Formation, which underlies the counties in the region (Weir, Maxwell & Zimmerman, 1983) which is further supported by the salinity values intersected in this "surface" drilling recently completed by Anson.Contact Info:William MazeHead of Investor Relationsinvestors@ansonresources.comSOURCE: Anson Resources Copyright 2024 ACN Newswire via SeaPRwire.com.

- Kicking off the first round of autumn trade fairs, two watch fairs on 3-7 September will bring in 700+ global exhibitors- Themed “Be on Time”, fairs will showcase different styles of wristwatches, parts, accessories, machinery and equipment- Visitors can gain updates on the latest market information and trends through forums, seminars, watch parades and networking events- Salon de TIME will be fully open to the public for the first time to create a globally renowned annual event for the industryHONG KONG, Aug 29, 2024 - (ACN Newswire via SeaPRwire.com) - Organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades and Industries Ltd, the HKTDC Hong Kong Watch & Clock Fair and Salon de TIME will welcome more than 700 global exhibitors.Themed “Be on Time”, the fairs will feature different styles of wristwatches, parts, accessories, machinery and equipment to provide a one-stop sourcing platform. Under the hybrid EXHIBITION+ model, the physical fairs will run from 3 to 7 September at the Hong Kong Convention and Exhibition Centre (HKCEC), while exhibitors and buyers can meet online through the Click2Match smart business matching platform between 27 August to 14 September.For the first time, Salon de TIME will be fully open to the public for free admission. Sophia Chong, HKTDC Acting Executive Director, said: “This year, the Hong Kong Watch & Clock Fair and Salon de TIME will welcome more than 700 global exhibitors from 15 countries and regions, with new exhibitors from Belgium and Denmark as well as new brands from Greece, Türkiye and the United Kingdom. The two fairs will feature pavilions from Guangdong, Guangzhou, Taiwan as well as South Korea, which is returning after the pandemic, creating globally renowned annual fairs and business opportunities for the industry.”“To explore more new business opportunities, the HKTDC will bring about 80 buying missions from more than 50 countries and regions, including Finland, Germany, Norway, Poland, Russia, Spain, Switzerland, the United Kingdom in Europe; Brazil, Canada and the United States in the Americas; Japan, Singapore, South Korea, Thailand and Vietnam in Asia; and Israel and the United Arab Emirates in the Middle East,” she added.Salon de TIME presents famous global watch brandsSalon de TIME will host more than 130 internationally renowned watch brands and designer collections across five thematic zones: World Brand Piazza, Chic & Trendy, Craft Treasure, Renaissance Moment and Wearable Tech. Some exhibitors will also include retail offerings, allowing them to purchase watches on-site.Numerous styles of watches and accessories to cater to market trends and needsWith sustainability gaining traction in recent years, exhibitors at the two fairs have added a Green Solutions Suppliers label on their products to facilitate sourcing for buyers.Over 20 exhibitors will showcase sustainable watches, including:- German brand Lilienthal Berlin which has launched the world's first watch with a case made of recycled coffee grounds that won the New York Product Design Award, Green Product Award and iF Design Award; - Hong Kong exhibitor Gordon C. & Company Limited, which uses sustainable and biodegradable materials to manufacture watch cases and straps.Wearable tech with smart monitoring technologyThe Paris Olympics has prompted more interest in sport, fitness and wearable tech, providing opportunities for innovative watchmakers. This year’s Wearable Tech zone, led by the Federation of Hong Kong Watch Trades and Industries Ltd and more than 10 companies, will feature a complete industry supply chain, while showcasing software, accessories and the latest technology. Companies taking part include German brand Oskron, which has developed Link2Care, a new wireless monitoring solution for health data, and United Wealth Holdings Limited, which has developed a smart watch incorporating smart movement from Huawei that can also monitor health data.World Brand Piazza – luxury showcase of 10 international watch brandsWorld Brand Piazza, sponsored by Prince Jewellery & Watch for the 14th consecutive year, will present some exceptional luxury watches from 10 international brands: Baume & Mercier, Bovet, Corum, CVSTOS, DeWitt, Franck Muller, Kerbedanz, Montblanc, Parmigiani Fleurier and Sarcar.Watches include Golden Bridge Dragon from Swiss brand Corum. This wristwatch features an 18-carat gold dragon at its core, while the dragon’s eyes, tail and watch body are inlaid with diamonds, pearls and gemstones, respectively. The watch’s 18K gold rectangular movement is composed of more than 190 parts, reflecting its craftsmanship and HK$2.153 million price tag.The showcase also features Swiss brand Bovet’s 7-day Skeleton Tourbillon. The hands on the back side of the dial are reverse-fitted, so they can turn clockwise, using Bovet's proprietary and patented system. This watch is priced at HK$2.136 million.The two fairs will also feature watches and accessories with a range of styles and personalities that can match different market needs:- International Luxury Group returns with 15 international brands, such as Kenneth Cole, Police and Timberland. Among them, the American brand Kenneth Cole launched an automatic movement watch, which uses exquisite screws to embellish the internal structure of the dial and is equipped with a stainless-steel strap. - Hong Kong watchmaking brand ANPASSA features a wristwatch that can be combined with AR technology to present a unique Kowloon Walled City look. - Swiss brand ROMAGO is collaborating with Pokémon to launch a limited edition set of 250 watches. - A limited-edition tourbillon from Hong Kong’s Memorigin uses rare meteorites and a newly developed ultra-thin pearl tourbillon automatic movement to create its Explorer series watch, with a 39mm diameter and a thickness of just 9.9mm.- Swiss classic brand Solvil et Titus presents its Barista Collection of watches with exquisite design and retro style. The barrel-shaped watch body is equipped with an arched glass surface, reflecting the brand's belief that strong emotions brew over time. - Present, a watch and jewellery brand with oriental characteristics, is committed to bringing traditional craftsmanship and culture into the present, with its On the Love of Lotus concept.Unique craftsmanship from European watchmakersSwiss Independent Watchmaking Pavilion (SIWP) and Francéclat are returning this year, presenting 17 international brands. These include:- Pilo & Co Genève, founded by independent Swiss watchmaker Amarildo Pilo. The company has launched Corleone Evoluzione Superleggera, a unique piece with a domed and bevelled sapphire crystal, an ultra-light alloy, a meteorite dial and automatic chronograph movement. - French brand Montignac will present its Marina Capsule series of diving watches, which are made in France and water-resistant to a depth of 200m. The watch body is equipped with a unidirectional bezel and luminous coating, which can track diving time and depth.Nine major zones for buyersThe Watch & Clock Fair is made up of nine zones. The Pageant of Eternity zone showcases high-end OEM and ODM watches, while other zones cover complete watches, pre-owned watches, clocks, machinery and equipment, OEM smart watches, packaging & display, parts and components and trade services.Forums and seminars explore industry trendsVisitors can also gain first-hand market information and updates on the latest industry trends through forums, seminars, watch parades and networking events.At the Hong Kong International Watch Forum on 3 September, global watch association representatives will provide an overview of global trade and industry trends with their insights and visions on reshaping the global watch industry towards sustainability.At the Asian Watch Conference on 4 September, global market research agency Euromonitor International (Hong Kong) will analyse the latest market developments around this year’s theme, “The Infinite Possibilities with Watches”. Mr Frank Chen, Sales Director of Module of Huawei Device BG, and Mr Pierre Burgun, CEO of Pierre Lannier, will discuss the prospects of health monitoring and innovative practices for wearable tech as well as the latest trends for stylish wristwatches.On 5 September, Dr James Chung-Wai Cheung, Research Assistant Professor and Member of Research Institute for Smart Ageing of The Hong Kong Polytechnic University, and Mr Michael Ertl, CEO and Founder of ME & Friends AG, and Mr Paul Anthony Yuen, Secretary General of The Federation of Hong Kong Watch Trades & Industries Ltd., will explore how age-forward technology can empower the ageing population to maintain independence and embrace a more connected, active lifestyle.In addition, the HKTDC, The Federation of Hong Kong Watch Trades & Industries Ltd and the Hong Kong Watch Manufacturers Association Ltd are jointly organising the 41st HK Watch & Clock Design Competition to cultivate a new generation of watch designers and technicians and to promote innovation and continued development in watch design.The competition has two categories – Go Beyond Innovation for the Open Group and Talent Moment for the Student Group. The Made-to-Sell Award is also newly added to recognise student entries with market potential. Artist Benjamin Yuen has been invited as a guest judge this year.Award-winning works and finalists will be exhibited during the fairs, while the award ceremony will be held on 7 September at The Dial in Hall 3FG of Salon de TIME.A variety of events, lucky draws and workshop for the publicAt Salon de TIME, Mr Carlos Koo, Founder of CK Engraving and Metal Engraving Artist, will demonstrate the art of watch engraving. Watch influencers Billy Chan and Ko Sir will reveal their views into generational mindsets and offer insights on investing in luxury timepieces respectively.Mr Gary Ching, Founder of ANPASSA, will host a workshop titled “Watchmaking 101 Craft Your Own Timepiece”. A series of product launches and watch parades will be featured with celebrities, including table tennis players Doo Hoi-kem and Wong Chun-ting who just represented Hong Kong in the Paris Olympics, Hong Kong singer Aka Chio, YouTuber Jeffrey Fok and more.Visitors can also participate in lucky draws and join Smart Bidding to bid on their desired watches starting at a 90% discount off the retail price.In addition, Asia’s premier fashion event CENTRESTAGE will be held from 4 to 7 September at the HKCEC, showcasing designer brands from around the world. Visitors can view the latest products from more than 380 watch and fashion brands at the same venue.Export performance, Hong Kong watches and clocks:Q2, 2024Q1, 2024Change per quarter41.334.3+7Retail sales, Hong Kong watches and clocks*:20232022Change per yearHK$32.5 billionHK$25.6 billion+27%*Data from EuromonitorPhoto download: https://bit.ly/3MoUWCZThe HKTDC Hong Kong Watch & Clock Fair and Salon de TIME take place on 3-7 September at the Hong Kong Convention and Exhibition Centre. Introducing fair highlights at a press conference are Sophia Chong, HKTDC Acting Executive Director (4th from left), Eric Lai (3rd from left) and Edmond Ng (4th from right), Co-Chairmen, HKTDC Hong Kong Watch & Clock Fair Organising Committee 2024. Hong Kong exhibitor Gordon C. & Company Limited uses sustainable and biodegradable materials to manufacture watch cases and straps. German brand Oskron has developed Link2Care, a new wireless monitoring solution for health data. Sponsored by Prince Jewellery & Watch for the 14th consecutive year, World Brand Piazza presents rare watches from 10 international brands, including Corum’s Golden Bridge Dragon and BOVET’s 7-day Skeleton Tourbillon.Swiss classic brand Solvil et Titus presents its Barista Collection of watches with exquisite design and retro style. The barrel-shaped watch body is equipped with an arched glass surface, reflecting the brand's belief that strong emotions brew over time.Hong Kong watchmaking brand ANPASSA features a wristwatch that can be combined with AR technology to present a unique Kowloon Walled City look.Swiss brand ROMAGO collaborates with Pokémon to launch a limited edition set of 250 watches.Pilo & Co Genève, founded by independent Swiss watchmaker Amarildo Pilo, has launched Corleone Evoluzione Superleggera, a unique piece with a domed and bevelled sapphire crystal, an ultra-light alloy, a meteorite dial and automatic chronograph movement. The 41st HK Watch & Clock Design Competition has two categories – Go Beyond Innovation for the Open Group and Talent Moment for the Student Group. Award-winning works and finalists will be exhibited during the fairs.Dancers at the press conference showcase 27 selected timepieces. Websites:Hong Kong Watch & Clock Fair: https://www.hktdc.com/event/hkwatchfair/enSalon de TIME: https://www.hktdc.com/event/te/enMedia 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.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.

HONG KONG, Aug 29, 2024 - (ACN Newswire via SeaPRwire.com) - Reitar Logtech Holdings Limited ("Reitar Logtech") (NASDAQ: RITR) has officially listed on the Nasdaq stock market on August 23, 2024. This marks an important milestone in the company's internationalization, also signifies Reitar Logtech's commitment to driving the formation of smart logistics ecosystem, injecting new momentum into the industry.Founded in 2015, Reitar Logtech provides end-to-end logistics solutions by integrating real estate, logistics operations, and innovative technologies through two main segments:1. Asset management and consulting services - They source and develop logistics properties, enhance asset value through technology, and connect with suitable logistics operators.2. Construction management and engineering design - They provide project management services for logistics property development.Reitar Logtech's one-stop model allows them to deeply understand customer needs, provide tailored solutions, lower operating costs, and optimize overall logistics operations. As a pioneer in the PLT (property + logistics technology) space in Hong Kong with over 20 years of industry expertise and strong relationships with key players.The company serves both logistics operators (3PLs) and capital partners investing in logistics real estate projects. Reitar Logtech help 3PLs with property procurement, licensing, and strategic planning. The company help capital partners to source, develop, and manage logistics assets to maximize value. Reitar Logtech's integrated approach and deep industry knowledge are their key competitive advantages in the concentrated Hong Kong logistics services market.Reitar Logtech raised funds through its initial public offering (IPO) to accelerate product R&D, expand its global business footprint, and continuously optimize service quality. Going forward, Reitar Logtech will strive to consolidate its leadership position in the smart logistics field, partnering with global partners to drive the digital transformation of the supply chain, and lead the smart logistics industry into a new era of development, creating greater value for customers. Copyright 2024 ACN Newswire via SeaPRwire.com.