HONG KONG, Feb 26, 2025 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Trade Development Council (HKTDC) welcomes the 2025-26 Budget announced this morning by the Financial Secretary of the Hong Kong Special Administrative Region (HKSAR), Paul Chan.The Budget introduces a series of measures centred around technological innovation to empower industrial development and facilitate the continuous growth of SMEs and start-ups. The measures also help attract diverse sources of investment and promote mega events to comprehensively engage businesses, capital and talent. They also strive to accelerate development of the new quality productive forces to drive high-quality economic growth in Hong Kong.HKTDC Chairman Dr Peter K N Lam believes that the series of measures in the Budget, including the injection of funds into the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) and the SME Export Marketing Fund, offers concrete support to SMEs amid a challenging economic evnrionment. The Budget also proposes measure that help consolidate Hong Kong's advantages around its “eight centres” positioning boosting future growth and prosperity.Dr Lam added: “The Budget mentions initiatives to strengthen assistance for local SMEs to explore the mainland market and increase e-commerce sales. This year, the HKTDC will launch the ‘E-commerce Express’ in collaboration with major e-commerce platforms and industry experts. Through a series of thematic training seminars and one-on-one advisory services, this initiative aims to enhance Hong Kong businesses' understanding of mainland e-commerce and online platforms, offering comprehensive support for SMEs intending to expand into the mainland e-commerce market. The upcoming second edition of the Hong Kong Shopping Festival in August serves as the flagship event of this initiative, offering Hong Kong businesses hands-on experience using e-commerce platforms to explore the mainland market and enhance the visibility of their products and brands. The HKTDC will work closely with the Trade and Industry Department to enhance mentorship schemes, empowering Hong Kong businesses to effectively leverage mainland e-commerce and online platforms to promote their products.”The Budget also proposes various measures to promote innovation and technology development, with increasing exposure for local tech products being an important component. The HKTDC will launch a thematic pop-up display area to its Hong Kong Design Gallery, as well as at exhibition venues during major exhibitions, to showcase local high-quality and innovative technology products to local and overseas buyers and consumers.The HKTDC will closely collaborate with local education and research institutions to provide more physical product showcases and sales platforms for Hong Kong technology enterprises and start-ups. These partnerships will help Hong Kong research companies build their product brand image, while raising the visibility of Hong Kong brands among local and international buyers.In strengthening Hong Kong's role as a superconnector and super value-adder, the Budget mentions that the Financial Services and the Treasury Bureau, in collaboration with the Office for Attracting Strategic Enterprises (OASES) and the HKTDC, will host the inaugural Hong Kong Global Financial and Industry Summit this year. By leveraging Hong Kong's financial strengths, the new Summit will further enhance international industrial cooperation to attract capital and businesses to Hong Kong. The HKTDC is also enhancing project connections and deal-making promotion at the Belt and Road Summit, focusing on green development and innovative technology, positioning Hong Kong as a commercial hub for Belt and Road.The HKTDC will continue to closely cooperate with the HKSAR Government, actively promoting Hong Kong's advantages to global markets, while attracting international financial and business leaders to explore global market opportunities through the Hong Kong platform.The HKTDC will continue to enhance Hong Kong's competitiveness and international connections. In the 2025-26 fiscal year, the HKTDC will focus on three main areas:1.Reinforcing Hong Kong’s unique position as a resilient and connected global business hub, while strengthening its integration into national development as well as its role as a superconnector and super value-adder;2.Fortifying Hong Kong’s competitiveness by embracing innovation and sustainable development to support the national new quality productive forces strategy, while seizing opportunities arising from global trends;3.Building the next generation of connected and future-ready SMEs and start-ups, while fast-tracking SMEs’ digital transformation.For more details, please refer to this press release.Media enquiriesHKTDC’s Communications & Public Affairs Department:Agnes Wat Tel: (852) 2584 4554 Email: agnes.ky.wat@hktdc.orgSam Ho Tel: (852) 2584 4569 Email: sam.sy.ho@hktdc.orgTo view press releases in Chinese, please visit http://mediaroom.hktdc.com/tcAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 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 @hktdc and LinkedIn Copyright 2025 ACN Newswire via SeaPRwire.com.
TOKYO, Feb 28, 2025 - (JCN Newswire via SeaPRwire.com) - Eisai Co., Ltd. announced today that the company has entered into a license agreement granting the exclusive development and distribution rights for the fibroblast growth factor (FGF) receptor selective tyrosine kinase inhibitor tasurgratinib succinate (generic name, development code: E7090, Japan brand name: TASFYGO®, “tasurgratinib”) in the Greater China region (mainland China, Hong Kong, Macau, and Taiwan, “licensed regions”) to a subsidiary of SciClone Pharmaceuticals (Holdings) Limited (Headquarters: Shanghai, China, “SciClone”). Eisai will maintain the rights to tasurgratinib worldwide outside of the licensed regions and continue to manufacture and market it in Japan, where it has been already launched.Under the terms of this agreement, Eisai will receive a contractual upfront payment. Additionally, Eisai will receive milestone payments based on the progress of development and regulatory approval, as well as sales milestone payments and certain royalties based on sales revenue after the product launch.Tasurgratinib is an orally available novel tyrosine kinase inhibitor that demonstrates selective inhibitory activity against FGFR1, FGFR2 and FGFR3. Tasurgratinib was approved in Japan for the treatment of patients with unresectable biliary tract cancer with FGFR2 gene fusions or rearrangements that progressed after cancer chemotherapy. The medicine was launched in Japan in November 2024. A Phase I clinical trial (ClinicalTrials.gov, NCT04572295(New Window)) is underway in Japan for patients with estrogen receptor-positive and HER2-negative breast cancer.SciClone is a global biopharmaceutical company with an integrated platform for the development and commercialization of innovative therapies for cancer and severe infection, and a strong presence in the Greater China region. Through the conclusion of this agreement, Eisai expects to maximize the value of tasurgratinib in licensed regions, ensuring the earliest possible contribution to patients in need of the medicine.About SciClone PharmaceuticalsStaying true to its original aspiration of “SciClone gives life hope”, SciClone Pharmaceuticals is dedicated to improving patients’ health by providing top-tier healthcare products and services with global standards of care. SciClone Pharmaceuticals has established a product portfolio with differentiated advantages, including a number of first-in-class and best-in-class potential products / pipelines.For more information regarding SciClone Pharmaceuticals, please visit: www.sciclone.com and https://www.eisai.com/news/2025/pdf/enews202512pdf.pdf. Copyright 2025 JCN Newswire via SeaPRwire.com.
TOKYO, Feb 28, 2025 - (JCN Newswire via SeaPRwire.com) - NEC Corporation (NEC; TSE: 6701) has developed vRAN that supports the interfaces and components newly specified by the O-RAN Alliance for enhancing the security of Open vRAN. The NEC vRAN platform is now being used to verify the performance of SecureRAN (*) provided by CTOne, a subsidiary of Trend Micro, which also supports the specifications of the O-RAN Alliance.As cyberattacks targeting infrastructure providers and others become more sophisticated, measures to address security risks are becoming increasingly important. Open vRAN allows a variety of networks to be applied according to the deployment scenario of the telecommunications carrier, and while it offers a high degree of flexibility, it also requires measures to address threats to the network.In response to this, NEC is aiming to build and operate a safer and more secure network through the introduction and verification of SecureRAN for highly secure and flexible vRAN infrastructure.SecureRAN deploymentSecureRAN constantly references the latest threat information, and by responding immediately to vulnerabilities, it achieves advanced network monitoring and defense that covers the entire application layer of vRAN.NEC has been a member of the O-RAN Alliance since its inception, and has made important contributions to its activities for network openness and standardization.Specifically, NEC has developed highly secure Open vRAN by leveraging its expertise in conventional RAN construction, while also incorporating the O-RAN Alliance's interface components.Going forward, in order to further enhance the security of vRAN, NEC will verify the introduction of SecureRAN, with the aim of strengthening network infrastructure for customers and providing a safe and secure communications base.In addition, through the implementation of these verification tests, NEC will expand its support menu (introduction support, maintenance, operation support, etc.) for the commercial introduction of SecureRAN.(*)SecureRANSecureRAN is an O-RAN security solution developed and provided by CTOne, a subsidiary of Trend Micro. SecureRAN is designed to improve the effectiveness of security measures and ensure sustainable system deployment, providing robust security protection for critical O-RAN assets and AI-driven applications. https://tinyurl.com/3bckm8ry About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2025 JCN Newswire via SeaPRwire.com.
HONG KONG, Feb 27, 2025 - (ACN Newswire via SeaPRwire.com) - Chifeng Jilong Gold Mining Co., Ltd. (“Chifeng Gold”), the largest non-state owned gold producer in China, today announced the details of the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEX”).Chifeng Gold intends to offer an aggregate of 205,652,000 H Shares (subject to the Offer Size Adjustment Option and the Over-allotment Option), of which 20,565,200 H Shares will be for the Hong Kong Public Offering (subject to reallocation and the Offer Size Adjustment Option), and 185,086,800 H Shares will be for the International Offering (subject to reallocation, the Offer Size Adjustment Option and the Over-allotment Option). The Offer Price ranges from HK$13.72 to HK$15.83 per H Share. Assuming that the Over-allotment Option is not exercised, after deducting the underwriting commissions and other estimated offering expenses payable by Chifeng Gold in connection with the Global Offering, and assuming an Offer Price of HK$14.78 per Share (being the mid-point of the indicative Offer Price range), the estimated net proceeds from the Global Offering will amount to approximately HK$2,886.8 million. As part of the Global Offering, Chifeng Gold has the Offer Size Adjustment Option under the Hong Kong Underwriting Agreement, pursuant to which, Chifeng Gold may issue and allot any number of up to an aggregate of 30,847,800 H Shares, representing approximately 15% of the Offer Shares initially offered under the Global Offering, at the Offer Price, to cover additional market demand, if any.The Hong Kong Public Offering will commence on 28 February 2025 (Friday) and will end at noon on 5 March 2025 (Wednesday). Dealing of Chifeng Gold’s H Shares is expected to commence on the Main Board of HKEX on 10 March 2025 (Monday) under the stock code 6693, with each board lot size at 200 H Shares.CITIC Securities (Hong Kong) Limited is the Sole Sponsor. CLSA Limited is the Sponsor-Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager. Macquarie Capital Limited is the Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager. China International Capital Corporation Hong Kong Securities Limited is the Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager.Investment HighlightsChifeng Gold is the largest non-state owned gold producer in China and is mainly engaged in the mining, processing and sales of gold. Its gold Resources and gold production rank fifth among the gold producers in China. Currently, Chifeng Gold owns and operates six gold mines and one polymetallic mine across the world, including China, Southeast Asia, and West Africa. For the three financial years ended 31 December 2023, Chifeng Gold’s total revenue continued to grow, reaching approximately RMB3,782.6 million, RMB6,266.8 million and RMB7,221.0 million, respectively. For the nine months ended 30 September 2024, Chifeng Gold’s total revenue amounted to RMB6,222.8 million.China’s largest non-state owned gold producer with leading production and revenue growth and promising market prospectsFrom 2021 to 2023, Chifeng Gold’s gold production has grown rapidly, with total gold production volume of 260 koz, 436 koz and 461.5 koz, respectively, which represents a CAGR of 33.1%, making it the leading gold producer in terms of gold production growth rate in China during the period. In addition, Chifeng Gold’s domestic gold mines have relatively high ore grades, making them some of the top-tier deposits in China. According to Frost & Sullivan, as of 31 December 2023, Chifeng Gold’s major domestic gold mines, namely the Jilong Gold Mine, Wulong Gold Mine and Huatai Gold Mine, had the highest gold grades among the top five gold producers in China.Chifeng Gold has high visibility and certainties in its production expansion plans for its gold mines and aims to achieve Resources and Reserves enhancement through exploration activities. In terms of overseas gold assets, Chifeng Gold is accelerating the construction of the open-pit and underground mining projects of the Sepon Gold and Copper Mine, which is expected to increase the annual underground mining capacity from the current 536,000 tonnes to 806,000 tonnes by 2025. Meanwhile, Chifeng Gold is accelerating the modelling and study of exploration prospects at Discovery West Deeps and Phavat North with open-pit and underground mining potentials. The annual underground mining capacity is expected to be further increased after 2026 and 2027. In terms of domestic gold assets, Chifeng Gold’s Wulong Gold Mine has been undergoing several technological improvement projects. It is estimated that the annual processing capacity of the Wulong Gold Mine will increase from 578,000 tonnes to approximately 700,000 tonnes by the end of 2024. At the same time, Chifeng Gold has also initiated an expansion project at the Jilong Gold Mine to increase its annual mining capacity to approximately 300,000 tonnes by the end of 2025.Excellent track record of identifying acquisition targets, executing transactions and integrating businesses, with rich overseas experience and strong international reputationChifeng Gold believes that a core competitiveness metric of gold companies is the ability to continuously obtain high-quality mineral resources. Newly discovered gold deposits in China have been limited in recent years, and the grade of gold is generally at a relatively low level. As a result, in addition to developing its existing gold mines in China, Chifeng Gold has strategically focused its expansion plan on identifying and acquiring suitable and high-quality overseas assets to maintain a sustainable growth. As of 30 September 2024, its overseas assets accounted for approximately 65.2% of its total assets, and its overseas revenue accounted for approximately 71.2% of its total revenue. According to Frost & Sullivan, Chifeng Gold is the gold company in China with the greatest overseas presence both in terms of overseas assets contribution as of 31 December 2023 and in terms of overseas revenue contribution in 2023.Chifeng Gold’s management team has profound experience in overseas acquisitions and is highly competent in integrating and operating acquired overseas assets and can leverage its advantages in overseas expansion to achieve sustainable and efficient growth. Similar to Chifeng Gold’s acquisition of the Sepon Gold and Copper Mine in Laos in 2018 and the Wassa Gold Mine in 2022, Chifeng Gold was one of the first large-scale Chinese mining companies operating in Ghana. Chifeng Gold has continued to promote an inclusive culture and localized management and operation concepts during the integration process, establishing a sound relationship with the local governments and local communities, and earning accolades for contributing to regional development. Continuously improving the cost curve to enhance efficiency through technological upgrade and to drive profitabilityChifeng Gold continues efforts to reduce costs and increase the efficiency of its operations, aimed at achieving and maintaining a more favorable position on the cost curve relative to its industry peers. Chifeng Gold’s operational efficiency enhancement surpassed the worldwide industry average by a notable margin and is positioned lower in terms of gold AISC than that of the global average. As of 31 December 2023, Chifeng Gold’s gold AISC stood at US$1,179.1 per ounce, placing it in the first quartile in the worldwide industry, while the global average for the same period was approximately US$1,348.5 per ounce, which is 14.4% higher than Chifeng Gold’s. In 2023, Chifeng Gold decreased its gold AISC by 12.0%, whereas the average AISC for international gold producers increased by 7.2% during the same period.As for the overseas operation, Chifeng Gold has made significant progress in reducing unit costs at the Sepon Gold and Copper Mine through improvements in gold recovery rates and the implementation of underground mining projects. Chifeng Gold also adopted a series of capital investments and operational improvements which were completed to debottleneck process constraints and improve plant reliability and efficiency. Besides, it optimized procurement channels, enhanced material utilization, and increased production capacity. In terms of domestic operation, Chifeng Gold has sought to continuously improve its operational efficiency and recovery rate at its mines through incremental changes and investments. The operational effect of these continuous improvements is evident from the fact that in 2023 Chifeng Gold’s PRC Gold Mines recorded an average gold AISC of approximately US$877.4 per ounce, showing a year-on-year decrease of 27.2%.Strong social responsibility and solid commitment to promoting green and sustainable development with high ESG standardsChifeng Gold attaches great importance to the environment and workplace safety, cares about the people and communities in which it operates and actively fulfills its social responsibilities. International industry standards and best international practices are applied in Chifeng Gold’s overseas mines and the same standards are adopted in its domestic mines on a step-by-step basis. For example, Chifeng Gold executes relevant ESG procedures in accordance with the standards required by the World Gold Council (WGC) and the United Nations Global Compact (UNGC) and publishes ESG reports regularly. Chifeng Gold’s commitment to sustainable development and its focus on diversity and inclusion have been acknowledged through various honors and ratings.Seasoned and dedicated management team with a proven track record in mine operationsChifeng Gold has assembled a highly skilled and experienced team of industry and capital markets experts, covering a broad range of disciplines, including, corporate management, mining, processing, geology, finance, and law, among other areas. Mr. Wang Jianhua, Chairman and Executive Director of Chifeng Gold, is a transformative and efficient leader who is renowned for his exceptional leadership skills within major corporate entities, brings a wealth of experience in management and corporate governance which is characterized by an emphasis on employee safety and welfare. Mr. Wang successfully led and managed a drilling program through 2021 to 2022 in the Dandong area that set a record-breaking depth of 3,003 meters, which introduced a new era of deep-drill gold exploration in China’s northeast region. Ms. Yang Yi-fang, Chief Executive Officer and Executive Director of Chifeng Gold, has extensive managerial experience in the global mining industry, Hong Kong listed companies and capital markets in general. Since joining Chifeng Gold, Ms. Yang has implemented a series of management and operational changes to strengthen the Company’s cashflow management, internal control and corporate governance, and championed technological upgrades across its operations throughout the world to minimize costs, improve mine recovery rates, advance operational excellence, and improve employee health and safety.Business StrategiesContinue to increase Ore Reserves through exploration activities and expand production volume at existing mines to realize full growth potentialChifeng Gold’s existing mines at home and abroad are situated in favorable mineralization environments, showcasing significant exploration prospects across the majority of the relevant mining regions. Therefore, Chifeng Gold plans to further maximize the potential of its existing mines by continuous production expansion, further exploration and Reserve enhancement:- Wulong Gold Mine: Chifeng Gold has identified several areas of gold mineralization in its mining area and its peripheral areas, which is a precursor to exploration and reserve enhancement in its deep and peripheral areas. Chifeng Gold is advancing underground development projects to increase its annual processing capacity to approximately 700,000 tonnes by the end of 2024. The mine’s average daily processing capacity increased to over 1,800 tonnes in the second half of 2023. Chifeng Gold will also continue to dedicate resources to exploration and reserve enhancement to tap into the potential of resources in the deep and peripheral areas. Chifeng Gold is also cooperating with the China Geological Survey Bureau Shenyang Geological Survey Center, which is expected to strengthen the exploration foundation.- Jilong Gold Mine: Chifeng Gold has achieved promising results in both peripheral and deep drilling programs, including the discovery of industrial ore bodies in six drill holes. Chifeng Gold completed a 180,000-tonne processing plant expansion project and commenced trial production in June 2024. Chifeng Gold plans to increase its annual mining capacity to approximately 300,000 tonnes by the end of 2025. Construction of a new tailings storage facility has commenced, with other construction projects progressing as planned. Chifeng Gold has entered into a framework agreement with Aohanqi Longxing Resources Development Company Limited, which is expected to expand its exploration area.- Huatai Gold Mine: The expansion project is currently under construction, and it will initiate a comprehensive transformation of the mine’s infrastructure and the commencement of shaft engineering construction by the end of 2024. Infrastructure development is expected to be nearly complete by the end of 2026, with the Huatai Gold Mine gradually resuming mining operations in 2026. Upon completion, the annual mining capacity is expected to increase by an additional 30,000 tonnes.- Sepon Gold and Copper Mine: Chifeng Gold will continue its further construction and production expansion plans for the underground mines and proceed with exploration in the peripheral areas of the mine. Chifeng Gold is also conducting a series of research projects at the underground copper mine and open-pit copper mine to increase gold and copper Reserves and further improve ore processing recovery rates.- Wassa Gold Mine: Chifeng Gold will further expand its mining and processing capacity with the goal of developing the Wassa Gold Mine into a large-scale gold mine. Chifeng Gold expects to achieve (i) annual processing capacity of approximately 3.3 million tonnes, and (ii) annual gold production of 350 koz by the end of 2028. Chifeng Gold will also carry on its exploration of the peripheral areas of the Wassa Gold Mine for more Resources and Reserves as well as a longer mine life.Continue to obtain Resources and Reserves and increase production volume through domestic and overseas acquisitions of high-quality gold assets for robust and sustainable growthChifeng Gold will remain focused on quality assets at home and abroad to further expand the amount and production scale of gold Resources and further consolidate and strengthen its market position. Chifeng Gold evaluates potential acquisition targets based on four key factors, namely (1) asset quality and production volume, (2) asset location, (3) asset stage, and (4) equity stake of assets. At the same time, it intends to persist in acquiring further cutting-edge, international technologies and mining management techniques, operational models, and global talent through overseas acquisitions for its long-term development. Chifeng Gold also actively implements international strategies and progressively infuses ESG principles into all facets of its mining production and operations across the world. As a prominent national gold enterprise in China with a strong international outlook, Chifeng Gold joined the Shanghai Gold Exchange as a full-fledged member in 2023 and has won multiple national accolades and awards for its efforts in promoting mining safety, environmental protection and sustainable development.Continue to improve production efficiency, reduce costs and increase profitabilityWith the current industry trend of increasing overall costs in the gold mining sector and the scarcity of high-grade Mineral Resources, Chifeng Gold recognizes the critical importance of enhancing operational efficiency, reducing expenses, and boosting profitability for its long-term sustainability. Chifeng Gold’s strategies include the continuous exploration of innovative technologies and a dedicated focus on cost-cutting measures such as centralized procurement, organizational streamlining, workforce optimization, and prudent assessment of gold production and pricing strategies.Chifeng Gold has utilized its global centralized procurement center in Shanghai for its domestic and overseas mines and intends to effectively control and reduce procurement costs through centralized procurement and resource optimization to secure low prices and favorable contractual terms. In addition, it intends to consistently apply tailored strategies based on the specific circumstances of each mine to reduce costs and enhance efficiency, and to continue research into processing technologies to optimize Resource utilization. In addition to cost reduction and efficiency improvement, Chifeng Gold will also strive to enhance operational efficiency, especially after the acquisition of new assets. It will improve the corporate framework to lower administrative expenses and identify other cost-saving methods to support its commitment to prudent financial stewardship and the enduring success of its business.Adhere to the corporate culture of “Mutual Prosperity and Development” and improve ESG governanceChifeng Gold firmly believes that highly efficient systems and mechanisms are key factors for achieving continuous business growth and success in the global gold mining industry. Therefore, it will continue to value and realize the corporate culture of “Mutual Prosperity and Development”. Looking ahead, Chifeng Gold will further expand the scope of equity incentives and offer equity or phantom stock incentives to domestic and overseas teams to enhance employee engagement and performance.Chifeng Gold will also consider the environment and safety, caring for employees and the community, and assuming social responsibility as important goals for its corporate development initiatives. Chifeng Gold is committed to energy saving and emissions reduction, and its mining activities are shifting to cleaner and more efficient energy sources. In particular, the Jilong Gold Mine is planning to build a 10-megawatt solar power plant, and the Wulong Gold Mine, Sepon Gold and Copper Mine, and Wassa Gold Mine are also actively planning to develop renewable energy systems. Going forward, Chifeng Gold aims to expedite the advancement of new energy infrastructure, actively participate in low-carbon transitions, systematically and gradually phase out fossil fuels through diverse clean energy blends, and realize the transition to substantial decarbonization.Use of ProceedsAssuming that the Over-allotment Option is not exercised, after deducting the underwriting commissions and other estimated offering expenses payable by Chifeng Gold in connection with the Global Offering, and assuming an Offer Price of HK$14.78 per Share (being the mid-point of the indicative Offer Price), Chifeng Gold estimates that the net proceeds will be approximately HK$2,886.8 million from the Global Offering. Chifeng Gold intends to use the net proceeds from the global offering for the following purposes, subject to adjustment based on Chifeng Gold’s evolving business needs and changing market conditions:PurposePercentage- To be used over the next five years to upgrade and explore existing mines to fully realize Chifeng Gold’s growth potentialApproximately 50%- To be used over the next three years to acquire sizable, high-quality mining assets preferably with open-pit mines in countries with mature mining industries and stable policies on mining industriesApproximately 40%- To be used for general corporate purposesApproximately 10%About Chifeng Jilong Gold Mining Co., Ltd.Chifeng Gold is the largest non-state-owned gold producer in China, mainly engaged in the mining, processing and sales of gold, with leading growth in gold production. As of 10 February 2025, Chifeng Gold owned and operated six gold mines and one polymetallic mine across the world, including China, Southeast Asia, and West Africa. Chifeng Gold has experienced the fastest growth among major gold producers in China and ranks fifth among gold producers in China in terms of gold resources. Chifeng Gold’s A Shares are listed on the Shanghai Stock Exchange under stock code 600988.[1] According to Frost & Sullivan, in 2023, (i) Chifeng Gold ranked fifth among gold producers in China in terms of gold Resources, with gold Resources of 13.6 million oz; and (ii) Chifeng Gold ranked fifth among gold producers in China in terms of gold production, with production of 461.5 koz of gold.[2] According to Frost & Sullivan.[3] According to Frost & Sullivan.[4] According to Frost & Sullivan, in 2023, (i) Chifeng Gold ranked fifth among gold producers in China in terms of gold Resources, with gold Resources of 13.6 million oz; and (ii) Chifeng Gold ranked fifth among gold producers in China in terms of gold production, with production of 461.5 koz of gold.Past performance is no guarantee of future results. In evaluating Chifeng Gold’s business, prospective investors should carefully consider the information provided in the Prospectus, including, but not limited to, the sections headed “Risk Factors” and “Business.” Prospective investors should make an independent assessment of the merits, risks or otherwise of any investment in the shares of the Company and should seek third-party professional advice. The Company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments. Capital at risk. Copyright 2025 ACN Newswire via SeaPRwire.com.
Mazda Motor Corporation's production and sales results for January 2025 are summarized below.I. Production1. Domestic ProductionMazda's domestic production volume in January 2025 increased 22.6% year on year due to increased production of passenger vehicles.[Domestic production of key models in January 2025]CX-5:25,266 units(down 2.0% year on year)MAZDA3:8,479 units(up 33.5%)CX-30:6,571 units(up 6.8%)2. Overseas ProductionMazda's overseas production volume in January 2025 increased 6.4% year on year due to increased production of passenger vehicles.[Overseas production of key models in January 2025]CX-30:14,079 units(down 1.3% year on year)CX-50:10,059 units(up 39.6%)MAZDA3:4,916 units(down 40.3%)II. Domestic SalesMazda's domestic sales volume in January 2025 increased 23.9% year on year due to increased sales of passenger vehicles.Mazda's registered vehicle market share was 4.1% (up 0.8 points year on year), with a 2.4% share of the micro-mini segment (down 0.4 points), and a 3.4% total market share (up 0.3 points).[Domestic sales of key models in January 2025]CX-5:2,339 units(up 116.4% year on year)MAZDA2:2,120 units(up 31.0%)CX-80:1,253 units III. ExportsMazda's export volume in January 2025 increased 14.3% year on year due to increased shipments to North America and other regions.[Exports of key models in January 2025]CX-5:21,848 units(down 4.8% year on year)MAZDA3:6,820 units(up 48.4%)CX-90:5,644 units(up 225.3%)IV. Global SalesMazda's global sales volume in January 2025 increased 1.5% year on year due to increased sales in the U.S., Japan, and other regions.[Global sales of key models in January 2025]CX-5:26,949 units(up 1.0% year on year)CX-30:17,465 units(down 0.3%)MAZDA3:13,090 units(down 28.0%)* Overseas production figures indicate Mazda-brand units coming off the production line (excluding CKD units).* Global production figures are the sum total of domestic and overseas production volumes.* All information in this press release is as of the release date. No updates after that date are reflected. Copyright 2025 JCN Newswire via SeaPRwire.com.
Toyota City, Japan, Feb 27, 2025 - (JCN Newswire via SeaPRwire.com) - Toyota Motor Corporation (Toyota) has announced that it has submitted a progress report on measures to prevent recurrence of model certification application issues to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) today in light of the correction order the ministry issued on July 31. This report, summarizing actions taken to date, is the second of a series of quarterly reports.Specific progress of recurrence prevention measuresWith the three pillars of "Strengthening Foundations," "Monozukuri," and "Human Development," Toyota has been promoting a review of the structure and system to ensure that each employee is aware of legal compliance and is able to do the job correctly. The company is also promoting onsite management, in which management goes to the genba and promptly takes appropriate action in response to abnormalities.The following concrete actions are being promoted across the Group with set priorities and activity plans.Strengthening FoundationsManagement visiting the operational genba to identify problems and make immediate decisions on how to deal with them.Management grasping staff hardships and efforts at the genba and discussing what it should do at weekly executive-level meetings related to certification.Enhancing internal controls by reinforcing abnormality management in the vehicle development process, strengthening certification operations audits by in-house inspectors, and introducing secondary audits of the abnormality management and auditing operations themselves.Checking the actual genba conditions of certification-related departments, allocating human resources and testing equipment to the Regulations and Certification Department and the Collision Testing Fields, etc.MonozukuriImplemented a new operational approach to ongoing development projects, incorporating measures to prevent recurrence in October 2024.Introduced a system to check the impact on certification operations at each milestone and make management decisions on the impact on certification operations, including the applicable laws and regulations, the scale of certification operations, the certification schedule, and the number of vehicles to be certified, for all vehicle development projects. (As of February 2025, a total of 35 such projects are being conducted.)Implemented discussions on countermeasures for worksite issues 10 times since previous report (22 times in total), reporting to the Board of Directors as appropriate. This system is ongoing.Human DevelopmentExpanding communication between management and employees to include not only development and certification, but also planning, production, sales and other certification-related worksites.Implemented regular communication through messages from the president (total of 14 times).Since February last year, Toyota Chairman Akio Toyoda, who is responsible for the Group, took the lead in calling on Group companies to start Toyota's company-wide TPS training program for Certification Work. The aim of this initiative is to create a better work system through improvement. The president and other members of management are on-site daily at various genba, such as planning, development, design, production, and sales, which are connected to the certification process. This is being done to clarify stagnation factors in each process and to create a system to identify abnormalities.Toyota will continue to make company-wide efforts to prevent the recurrence of certification issues to once again gain the trust of stakeholders. Copyright 2025 JCN Newswire via SeaPRwire.com.
HIROSHIMA, Japan, Feb 27, 2025 - (JCN Newswire via SeaPRwire.com) - Mazda Motor Corporation (Mazda) has announced that it conducted a demonstration operation of a cupola melting furnace (cupola), the core casting facility installed at its Hiroshima Plant, by fully replacing fossil fuels that emit CO2 during combustion with bio-coal briquettes, a biomass fuel derived from coconut shells, and confirmed the stable operation.The operation of a cupola that uses biomass fuel 100% has not been confirmed for social implementation in the world, and the company took on the challenge of conducting the demonstration experiment in collaboration with the foundry industry and local partners. In the future, Mazda will expand the circle of regional cooperation and promote an energy circulation scheme for local production for local consumption, aiming for carbon neutral (CN) operation of cupolas using waste-derived biomass fuels such as bio-coal briquettes by fiscal year 2030.Mazda has been promoting various initiatives to achieve CN at its global plants by 2035 based on the three pillars of "energy conservation," "shifting to renewable energies," and "introducing CN fuels, etc.," with the goal of achieving CN throughout its entire supply chain by 2050.Stable domestic procurement of raw materials is essential for a full conversion to biomass fuels which is in line with "introducing CN fuels," as one of the aforementioned initiatives. In March 2023, Mazda established the Cupola CN Co-creation Working Group by inviting volunteer companies and organizations to conduct research and development for the shift to biomass fuels, the establishment of production methods, and studies on the local procurement of raw materials. While bio-coal briquettes derived from coconut shells were used in the demonstration experiment this time, Mazda has been working to establish a locally produced, locally consumed energy circulation scheme in Hiroshima and neighboring areas, from biomass waste collection to production, with the aim of revitalizing local industries and contributing to the local communities. As part of such activities, Mazda has been collecting spent coffee bean husks from Tully's Coffee Shop*1 (operated by Tully's Coffee Japan Co., Ltd.) and vending machines*2 in the premises of Mazda Headquarters since November 2024, and confirmed through demonstration experiments that it is possible to produce bio-coal briquettes from these bean husks.Going forward, the company will work together with the local community to develop the local production for local consumption energy circulation scheme into a cooperative effort among industry, government, academia, and the private sector to realize stable raw material procurement of and implementation of fuel conversion.Mazda, together with the local communities, will steadily advance its challenge toward the achievement of CN throughout the supply chain in 2050, and contribute to the creation of an affluent society.For inquiries about biomass raw materials and fuel conversion technology for cupola:cupola-cn-info@mazda.co.jp Powertrain Engineering Dept., Production Engineering Div.For media inquiries, please contact below:mazda_hpr@mazda.co.jp Media Relations Dept., Mazda Motor Corporation(1) Franchisee: CULE Co., Ltd., Franchiser: Tully's Coffee Japan Co., Ltd. (2) Operated by Apex West Japan Co., Ltd. Copyright 2025 JCN Newswire via SeaPRwire.com.
TOKYO, Feb 27, 2025 - (JCN Newswire via SeaPRwire.com) - Honda Motor Co., Ltd. today announced that the company has been selected for the CDP’s “2024 Climate Change A List” for the second consecutive year. The CDP is an international non-profit organization that facilitates environmental information disclosure, and Honda was selected based on its initiatives in the areas of climate change and environmental transparency. The CDP is a not-for-profit charity that runs the global disclosure system for companies and local governments (cities, states and regions) around the world. The companies and local governments disclose their environmental information using the CDP questionnaire with three separate sectors – climate change, forest and water security. In 2024, more than 24,800 companies, including listed companies that account for more than 66% of global market capitalization, disclosed their environmental information. The CDP assesses the disclosed information on a score of A to D -, and companies with outstanding initiatives are named to the A List. Among more than 24,800 companies which disclosed environmental information for 2024, Honda was included in the short list of the companies making the A List.Honda is aiming to realize carbon neutrality for all products and corporate activities Honda is involved in by 2050. To this end, Honda has been pursuing electrification of its products by setting and disclosing 2030 milestone targets for both the sales ratio of electrified products and the reduction rate of CO2 emissions intensity during product use for motorcycles, automobiles and power products, respectively. In the area of corporate activities, Honda has set and disclosed a target to reduce the total amount of CO2 emissions by 46% from its corporate activities by 2030 compared to the FY2020 level. Working toward this target, Honda has been improving production efficiency, introducing various energy-saving measures, shifting toward the use of low-carbon energy and facilitating the utilization of renewable energy. Honda views these initiatives as leading to the selection of Honda to the Climate Change A list.Honda will strive to realize a carbon-neutral society, while continuing to take a proactive approach to the initiatives to address climate change and the disclosure of its environmental information. Copyright 2025 JCN Newswire via SeaPRwire.com.
