HONG KONG, Nov 22, 2024 - (ACN Newswire via SeaPRwire.com) - Tat Hong Equipment Service Co., Ltd. (“Tat Hong” or the “Company”, together with its subsidiaries, the “Group”) (Stock Code: 2153), the first foreign-owned tower crane service provider established in the PRC, has announced its interim results for the six months ended 30 September 2024 (the “Period”).During the Period, the Group recorded revenue of approximately RMB340.9 million (2023: RMB358.6 million). Loss attributable to equity shareholders of the Company was RMB36.2 million (2023: RMB20.4 million). Such increase in loss was mainly attributable to the decrease in the average monthly service price of tower cranes per tonne metres (TM) in use from RMB225 toRMB208, thereby affecting the Group's revenue.Total tonne meters (TM) in use by the Group increased to 1,637,740 for the Period from 1,594,911 in the previous same period. As at 30 September 2024, the Group had 327 projects in progress with total outstanding contract value at approximately RMB444.6 million and 47 projects on hand with expected total contract value at approximately RMB235.1 million.For the six months ended 30 September 2024, global economic recovery had slowed down and the mainland China economic downward pressure had been significant. Due to insufficient market demand and decline in the average monthly tower crane service price per TM, market competition was intense for the construction machinery industry. To cope with the slow recovery of the domestic construction industry and the persistently weak macro economy, plus to boost future income, the Group had actively adjusted its strategies, restructured business layout and expanded business overseas during the Period.Responding to the national and international calls to promote green energy and support enterprises in accelerating transformation, the Group set up a Clean Energy Division in 2023 to focus on expanding clean energy businesses including nuclear power plants. At the same time, the Group had actively shifted to focus on thermal power plant projects. It expects revenue generated from these projects on hand to be reflected in its future results. With the new subsidiary in Guangzhou, the Group had deepened coverage in the Greater Bay Area. The Group also speeded up expansion in Indonesia, with a joint venture with a local partner in 2024 after years of careful strategic planning. With rich experience in operating business in Indonesia, the partner is expected to give the Group the support it needs to expand the Indonesian market.During the Period, the Group continued to expand its medium-to-large tower crane fleet. As at the end of the Period, it managed a total of 1,193 tower cranes, the second largest fleet in the PRC tower crane service market. With such a strong tower crane fleet, the Group has been able to focus on medium-to-large construction projects, providing them with comprehensive services with tower cranes that afford a wide range of lifting capacities. The considerable number of medium-to-large tower cranes the Group owns also give it advantage in bidding for larger and more complicated projects, and as such, allowing it to increase revenue from and the profit margins of future projects.Mr. Sean Yau, CEO of Tat Hong Equipment Service Co., Ltd., said: "Recently, the Chinese government has introduced a comprehensive package of incremental policies to expand effective investment, stimulate consumption demand, attract investment, support industrial upgrade, ease enterprises’ difficulties and issues, implement fiscal and financial measures, and stabilize the real estate market. It is evident that the country is increasing fiscal support and charting a clear course of recovery for all industries. Moreover, there is still strong demand in the domestic infrastructure and energy sector. That plus the fast-growing infrastructure markets in the Greater Bay Area and Southeast Asia have provided the Group with huge business development opportunities.”Mr. Roland Ng, Chairman of Tat Hong Equipment Service Co., Ltd., said: “The present pace of market recovery in China is sluggish, but with the new focus on high-quality growth, it is expected to gradually get back on track. We will keep our eyes on the fast-changing global market environment and adjust our operational and geographical strategies accordingly. At home in the PRC, we will seize the new opportunities brought by the rapid development of clean and green energy. Abroad, as the first foreign-funded tower crane service provider set up in the PRC, we will continue to take advantage of our brand reputation, rich industry experience, mature execution skills, profound technical strength and solid customer base to help us ‘go global’. With support from the ‘Belt and Road’ initiative and other policies encouraging enterprises to venture overseas, the Group will push to expand into more overseas markets.”About Tat Hong Equipment Service Co., Ltd. (Stock Code: 2153)Tat Hong Equipment Service Co., Ltd. is the first foreign-owned tower crane service provider established in the PRC. Since 2007, the Group has established as a tower crane service provider for one-stop tower crane solution services from consultation, technical design, commissioning, construction to after-sales services primarily to Chinese Special-tier and Tier-1 EPC contractors. Guided by its core values, “Virtue, Safety and Excellence”, the Group has successfully established its market position and maintained stable, reputable and loyal customer base in the construction industry in the PRC.Media EnquiriesStrategic Financial Relations LimitedHeidi SoTel:(852) 2864 4826Email: heidi.so@sprg.com.hkMel LaiTel:(852) 2864 4855Email: mel.lai@sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
SACRAMENTO, CA, Nov 20, 2024 - (ACN Newswire via SeaPRwire.com) - Mailbird, the email client trusted by millions of Windows users worldwide, is now available for Mac. After years of user anticipation, Mailbird's Mac app brings the same clutter-free simplicity and clean design language to Apple fans.Mailbird for Mac"The launching of Mailbird for Mac marks a truly significant point in our company vision," said Alexis Dollé, Head of Growth at Mailbird. "Although we originally designed Mailbird for Windows, we always envisioned presenting our customers with a cross-platform app so they can enjoy a unified email experience no matter where they are. Mailbird for Mac is the first step towards achieving that goal."Focusing on customers' needs is nothing new to Mailbird. With user-favorite features-unified inbox, email tracking, third-party app integrations, advanced search capabilities, folders, and email signatures-Mailbird for Mac possesses the same design and useability DNA that makes the Windows version so popular."We listen closely to our customers, and the launch of Mailbird for Mac is a direct response to the demand from our Apple community," said Michael Olsen, co-founder, CEO, and CTO of Mailbird. "Our goal has always been to simplify email management and make our customers' lives easier. Now, Mac users can experience the productivity boost our Windows users have come to love. Our team is elated about this step forward and bringing even more value to our growing community."In addition to inbox management, Mailbird allows users to create their own productivity workspace within the app by connecting their favorite tools. From Facebook, X, and LinkedIn to Dropbox, Trello, and ChatGPT-Mailbird's integrations empower people with the flexibility to turn their inbox into an efficiency hub.To learn more about Mailbird, its pricing, and its current promotions, visit: https://www.getmailbird.com.About MailbirdMailbird is one of the most popular email clients worldwide, with more than four million downloads to date and 25+ million emails processed monthly. It lets users manage their business and personal emails in one place, offering customizable themes and features like email signatures, tracking, and folders.Mailbird also integrates with social media, task management, and collaboration platforms such as Asana, Slack, ChatGPT, and Google Workspace to help reduce app overload and boost efficiency.Founded in Bali 12 years ago by a fully remote team, Mailbird embraced a global team culture long before it became mainstream. These efforts earned the company multiple Stevie Awards, and its software was named "the best email client for Windows" by PCWorld.Mailbird's core mission is to create a frustration-free email experience, simplify digital communication, and enhance people's productivity. To learn more about Mailbird and try the app for free, visit https://www.getmailbird.com.Contact InformationAlexis DolleHead of Growthad@getmailbird.com1-650-644-1361SOURCE: Mailbird Inc Copyright 2024 ACN Newswire via SeaPRwire.com.
KEY HIGHLIGHTS- First-half revenue up by 13.3% to HK$810.0 million- Profit from continuing operations increased by 44.2% to HK$140.3 million- Net gearing ratio significantly down to 5.6% from 12.2%- Interim Dividend of HK3.5 cents per share, up by 40.0% year-on-year- Continued enrichment of pipeline through R&D and strategic in-licensing- Enhanced production capacity and leverage boost operational efficiencyHONG KONG, Nov 22, 2024 - (ACN Newswire via SeaPRwire.com) - Jacobson Pharma Corporation Limited ("Jacobson Pharma" or the "Company"; Stock Code: 2633), a leading company engaged in the research, development, production, marketing and sale of essential medicines and specialty drugs, today announced the interim results of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 September 2024 (the "Reporting Period").During the Reporting Period, the Group achieved 13.3% growth in total revenue compared to FY2024 Interim, totaling HK$810.0 million. The profit for the period from continuing operations amounted to HK$140.3 million, reflecting an increase of 44.2%. Increased profit from continuing operations was mainly due to strong performance in the generic drug business in Public and Private Sectors, revenue from new products, and improved operational efficiency through cost-control measures and enhanced production leverage.Solid business performance and disciplined cost management contributed to a healthy financial position, yielding a strong adjusted EBITDA of HK$272.2 million throughout the Reporting Period. The net gearing ratio significantly improved to 5.6%, down from 12.2% at the close of FY2024, while the Group's cash reserves demonstrated resilience, with a balance of HK$515.9 million. These financial metrics highlight the Group's operational discipline and ability to adapt to market dynamics, positioning the business for continued growth and development.The Board has declared the payment of an interim dividend of HK3.5 cents per share, up by 40.0% year-on-year.Robust Portfolio and Supply to Meet Rising DemandThe Group's extensive portfolio and efficient supply chain have enabled it to address the rising demand for essential and specialty medications effectively.From mid-January to late July 2024, Hong Kong experienced a prolonged flu season, significantly boosting demand for cold and flu treatments. Beyond seasonal flu, factors such as an aging population with chronic conditions, increased health awareness, and rising mental health concerns have driven high healthcare visits and medication usage. These trends contributed to strong sales momentum in the Group's Public and Private Sector businesses in the first half of FY2025.These factors align with the strong growth of the Group's products in relevant therapeutic categories. For example, the Group's cardiovascular offerings - ACE inhibitors, beta-blockers, and diuretics - saw significant sales growth during the Reporting Period.Strong R&D Pipeline Strengthens New Product LaunchThroughout the Reporting Period, Jacobson Pharma steadily advanced its R&D pipeline to enhance and diversify its product portfolio. As of 30 September 2024, the Group's pipeline grew to 193 products. Of these, 65 products have received registration approval, 14 are awaiting approval, and 58 have progressed to the stability preparation or study phase. Furthermore, 19 products are in the formulation or pre-formulation research stage. This strong pipeline underscores the Group's commitment to sustainable growth and its readiness to meet market demands with a broad range of high-quality treatments.Furthermore, the Group also bolstered its portfolio through strategic in-licensing agreements, focusing on cardiovascular health, diabetes management, and allergy treatment. Highlights include acquiring an anticoagulant therapy for cardiovascular care, an ophthalmic product for allergies, and exclusive distribution rights for a vital antibiotic from the U.K., addressing targeted healthcare needs in Hong Kong and Macau.Mr. Derek Sum, Chairman and Chief Executive Officer of Jacobson Pharma, stated, "We remain confident in the long-term growth of the generic drugs and healthcare sectors, propelled by increased government healthcare investments, generics substitution policies, an aging population with complex health needs, along with the increased prevalence in chronic conditions.To seize these opportunities, we are committed to enhancing our business's adaptability and agility in this dynamic environment. Through a focused growth strategy, we aim to solidify our position as a leading pharmaceutical provider in Hong Kong. Our efforts center on optimizing our product range, expanding our pipeline through strategic in-licensing and targeted R&D, enhancing commercial and regulatory capabilities, and forging key partnerships. This approach positions us to capitalize on emerging markets and deliver essential and specialized medications to a broader patient demographic."About Jacobson Pharma Corporation Limited (Stock Code: 2633)Jacobson Pharma is a leading pharmaceutical company in Hong Kong vertically integrated and engaged in the research, development, production, sale and distribution of essential medicines and specialty drugs. As a major provider of generic drugs in Hong Kong, the Group has one of the most extensive sales and distribution coverage for both the private and public sectors in Hong Kong, with an expanding reach into strategically selected Asian markets. Carrying a broad product portfolio and taking a pre-eminent market position in a number of therapeutic categories, the Group operates a host of 9 PIC/S GMP licensed production facilities for generic drugs in Hong Kong.The Group is commited to strategically enhancing its portfolios by introducing high-value-added specialty products. With its corporate headquarters based in Hong Kong, the Group has also established its operating subsidiaries in China, Macau, Taiwan and Cambodia, forming a regional commercial platform to tap the market potential in the Asia Pacific and Greater China region. Jacobson Pharma has been a constituent stock of MSCI Hong Kong Micro Cap Index since 1 June 2017. For more details about Jacobson Pharma, please visit the Group's website: http://www.jacobsonpharma.comFor media inquiries, please contact:Strategic Financial Relations LimitedVicky LeeTel: (852) 2864 4834Email: vicky.lee@sprg.com.hkRachel KoTel: (852) 2114 2370Email: rachel.ko@sprg.com.hkAlyssa YiuTel: (852) 2114 4987Email: alyssa.yiu@sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
- DesignInspire will return from 5 to 7 December, and will be fully open to design industry and the public with complimentary admission for three consecutive days, featuring multiple photo spots and immersive art experiences.- Paris’ prestigious design authority Maison&Objet will present an impressive immersive showcase.- The Future Archive, curated by award-winning designer and cross-disciplinary artist Chilai Howard, will showcase seven exceptional creative partnerships between Hong Kong design masters and emerging talents.- A full-scale red minibus facade showcasing iconic calligraphy by traditional minibus sign writer Mak Kam-sang and renowned hand-painted sign artist Katol.- InnoTalks forum brings together international design experts to share the latest design trends and forward-looking perspectives; multiple creative workshops covering STEAM education, traditional crafts, and innovative technology.HONG KONG, Nov 21, 2024 - (ACN Newswire via SeaPRwire.com) - DesignInspire, organised by the Hong Kong Trade Development Council (HKTDC), co-organised by the Hong Kong Design Centre (HKDC), and sponsored by the Cultural and Creative Industries Development Agency (CCIDA), will be held on 5-7 December at the Hong Kong Convention and Exhibition Centre (HKCEC). The exhibition will be fully open with complimentary admission for design industry players and the public throughout the three-day event. Under the theme of "Design for a Better Tomorrow", this year's exhibition marks a milestone strategic partnership with globally renowned interior design trade fair creator Maison&Objet, bringing together local and international design luminaries to create a unique experiential journey for both industry professionals and the public. The Business of Design Week Summit 2024, organised by HKDC, will run concurrently on 2-7 December and 4-6 December respectively, creating a perfect synergy with DesignInspire.Stephen Liang, Assistant Executive Director of the HKTDC, said: "As an internationally acclaimed centre of design excellence in Asia, Hong Kong has always played a vital role in promoting global creative industry development. DesignInspire, as an important creative design platform in Asia, this year features an extensive programme of designated photo spots and immersive art installations. It is expected to attract over 200 exhibitors from Mainland China, the Czech Republic, France, Japan, Taiwan, Thailand and Hong Kong, showcasing global innovative design trends. The first-time strategic partnership with France's prestigious design fair Maison&Objet further emphasises Hong Kong’s strategic positioning as an East-meets-West centre for international cultural exchange, creating a new driving force to stimulate further growth and development of the cultural and creative industries in Hong Kong."Explore French creative and design excellenceThe globally renowned Maison&Objet, a premier platform for international design, interior decoration, and lifestyle, has signed an MOU with the HKTDC and is making its Hong Kong debut. The collaboration features the Maison&Objet Factory, a 1,000-square-metre immersive showcase that presents cutting-edge design trends while reinforcing Hong Kong's role as Asia's design capital. The exhibition area is divided into five unique zones conceived by master curators: “Nature, the Muse!”, “Conscious Staging”, “Precious Matters”, “Shades of Sustainability” and “Terra Cosmos: spaces full of future promise”, each interpreting "conscious design" from its own unique perspective. “Nature, the Muse!” curated by internationally renowned Chinese contemporary designer Jiang Qiong Er, features selected works by 10 prestigious French artisans from Les Lauréats de l'Intelligence de la Main® and nine Chinese master craftsmen, demonstrating the exceptional craftsmanship of both East and West.Additionally, DesignInspire will also work with several French institutions to present an array of prestigious French brands, including Baccarat and LALIQUE. A highlight includes Baccarat's exclusive crystal chandelier collaboration with Hong Kong design maestro Steve Leung, featuring blue-and-white porcelain elements.Future Archive showcases Hong Kong creativity and cross-generational dialogueThe Future Archive, curated by award-winning designer and cross-disciplinary artist Chilai Howard, will present groundbreaking collaborative works between Hong Kong's veteran design masters and rising talents. The showcase features seven exceptional creative partnerships, including graphic design master and ink painter Kan Tai-keung with printmaker and tattoo artist Li Ning; international architectural designer Steve Leung with new media artist Chris Cheung / XPLOR; sculptor Johnson Tsang with emerging Hong Kong artist Kila Cheung; watch designer Joe Kwan with sculptural visual effects designer Ram2; wood carving master craftsman Siu Ping-keung with woodwork craftsman Chow Kin-lung; neon light craftsman Wu Chi-kai with woodwork art brand Start From Zero; and master minibus sign writer Mak Kam-sang with hand-painted signage artist Katol. The exhibition features a life-sized red minibus facade showcasing their iconic calligraphic artistry. These cross-disciplinary collaborations between seasoned design masters and a new generation of artists, exemplifies the perfect balance of tradition and innovation, highlighting Hong Kong design's unique appeal in combining international perspectives with local characteristics.Interactive art tech zone and local design showcaseThe exhibition features a dedicated art tech interactive zone, presenting creative performances by renowned local watercolour artist Pei Chung and real-time visual artist moon.noon. Pei Chung's exhibition not only showcases his signature jellyfish motifs but also incorporates Hong Kong's most iconic urban symbols, including dazzling neon signs, street-traversing trams and minibuses, and local culinary delights like pineapple buns. The exhibits incorporate interactive elements, allowing visitors to experience the creative fusion of watercolour art and digital technology.Real-time visual artist moon.noon brings an immersive art installation “Echoes of Urban Pulse”. The work consists of two installations. “Urban Mirage” which uses optical and sound data recorded on Hong Kong streets to present the city’s distinctive landscapes like Causeway Bay's Yee Wo Street Bridge and Central's Edinburgh Place pedestrian tunnel through over 2,000 different light states, offering visitors a unique sensory experience. The second installation, “Streetlight Sonata”, is an interactive art installation incorporating Hong Kong street light elements, with backgrounds changing according to visitors' movements and steps, creating unique light and shadow effects.Several renowned local design institutions will also participate in DesignInspire. The Hong Kong Design Institute will showcase its project Motifx, featuring distinctive household items using Chinese classical floral patterns, demonstrating the unique charm of traditional patterns in stylish homes and daily life. The HKDC Pavilion by Hong Kong Design Centre will display approximately 20 creations from the Fashion Incubation Programme (FIP) and Design Incubation Programme (DIP), along with over 200 DFA Design Award-winning works.Demonstrating the remarkable strength of local design, this year's DesignInspire will feature a Hong Kong Design On Stage zone, showcasing eight local design teams that won the Hong Kong section competition at Paris' Maison&Objet, including: Studio Yellowdot, Studio-Ryte, Hintegro Limited, Green & Associates (HK) Limited, @StreetsignHK, Monica Tsang Designs Limited, MLKK Design Studio Limited, and BEAU Architects.As a unique business-to-all platform for Hong Kong's creative industry, DesignInspire serves not only as a bridge connecting Hong Kong with the international design community but also a creative exchange platform that fosters collaboration among various stakeholders. The innovative works and concepts presented by event exhibitors not only showcase the latest design trends, they also emphasise how these innovations can be applied in business, providing rich inspiration and fresh ideas for various industries, particularly those focused on customer experience, such as real estate developers, retail, and service sectors (including hotels, shopping malls, chain restaurants, clubs, and airlines). Through advancements in spatial design, product design, material applications, and art technology, these industries can enhance their brand image and customer experience, ultimately attracting more consumers.Design seminars and workshops promoting Hong Kong craftsmanshipTo foster design innovation and exchange, the exhibition features InnoTalks with approximately 12 sessions by design experts from various countries and regions. Topics include font design, Xiaohongshu marketing, design trends promoting inclusion and social responsibility, future design: conscious design, storytelling through Bohemian glass, Chinese patterns and modern design, among other engaging subjects that stimulate creative thinking. The Design Council of Hong Kong will also hold the D-Mark certification ceremony and sharing session.This year's DesignInspire engages professionals, design enthusiasts, and the public through exhibitions, seminars, and workshops. The exhibition features diverse interactive experience zones and creative workshops, including art design and traditional crafts, where visitors can create Hong Kong-style iced lemon tea candles and cultural heritage bamboo coasters. STEAM education workshops offer Logiblocs programming and AR drawing activities to inspire innovative thinking. The venue also includes design select store in the Shop zone, featuring collectors' items from designers and brands, offering visitors the opportunity to purchase unique design pieces to add fashion and elegance to their own homes. Click here for registration.Additionally, three major events - the Business of IP Asia Forum, Entrepreneur Day and Start-up Express: International Edition 2024, will be held concurrently with DesignInspire at the Hong Kong Convention and Exhibition Centre on 5-6 December, creating synergy and business opportunities. Participants can also explore cooperation opportunities through one-on-one business matching to meet with various design service companies.DesignInspire DetailsDate: 5-7 December, 2024 (Thursday to Saturday)Time: 5-6 December 9:30am - 7:30pm 7 December 9:30am - 7:00pmVenue: Hall 3DE, Hong Kong Convention and Exhibition CentreFee: Free admission with registrationEvent website: https://designinspire.hktdc.com Photo download:DesignInspire organised by the HKTDC, co-organised by Hong Kong Design Centre (HKDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA), will return on 5-7 December.DesignInspire has formed its first strategic partnership with France's prestigious design fair Maison&Objet, which will present its first exhibition in Hong Kong, the Maison&Objet Factory.The design of Future Archive Kan Tai Keung’s artwork Li Ning’s artworkThe Future Archive, curated by award-winning designer and cross-disciplinary artist Chilai Howard, will showcase creative collaborations between seven pairs of veteran Hong Kong design masters and emerging talents, such as “Creating the Future” X “Big Steps” by Kan Tai Keung and Li Ning. Works by master minibus sign writer Mak Kam-sang and renowned hand-painted signage artist Katol. The duo will create their iconic handwritten typography "Better Future" on a life-sized red minibus facade, to echo this year's DesignInspire theme. The work will be displayed in the Future Archive pavilion during the exhibition.The exhibition features an art tech interactive zone, presenting works by renowned local watercolour artist Pei Chung and real-time visual artist moon.noon. Pei Chung's exhibits incorporate Hong Kong's most iconic urban symbols with interactive elements, allowing visitors to experience the creative fusion of watercolour art and digital technology.Real-time visual artist moon.noon brings an immersive art installation, “Echoes of Urban Pulse”. The “Urban Mirage” zone uses optical and sound data collected from Hong Kong streets, to present Hong Kong's distinctive landscapes through over 2,000 different light states, while the “Streetlight Sonata” zone is an interactive art installation incorporating Hong Kong street light elements, with backgrounds changing according to visitors' movements and steps, creating unique light and shadow effects.Media enquiriesFor enquiries, please contact:Raconteur PR:Betsy TseTel: (852) 9742 7338Email:betsytse@raconteur.hkMolisa LauTel: (852) 6187 7786Email:molisalau@raconteur.hkHKTDC Communication and Public Affairs Department:Snowy ChanTel: (852) 2584 4525 Email:snowy.sn.chan@hktdc.orgJohnny Tsui Tel: (852) 2584 4395Email:johnny.cy.tsui@hktdc.orgHKTDC Newsroom:http://mediaroom.hktdc.com/enAbout the HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong ’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.About Cultural and Creative Industries Development Agency (CCIDA)The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan.CCIDA’s website: www.ccidahk.gov.hk.About BODWBusiness of Design Week (BODW), Asia’s premier annual event on design, innovation and brands since 2002, is organised by Hong Kong Design Centre and gathers some of the world’s foremost design masters, brand leaders and entrepreneurs from Hong Kong as well as overseas, driving discourse on the value of design and innovation to inspire global audiences and explore new business opportunities. Copyright 2024 ACN Newswire via SeaPRwire.com.
HONG KONG, Nov 20, 2024 - (ACN Newswire via SeaPRwire.com) - The 14th Business of IP Asia Forum (BIP Asia Forum), jointly organised by the Hong Kong Special Administrative Region Government (HKSAR) and Hong Kong Trade Development Council (HKTDC), and the 16th Entrepreneur Day (E-Day), hosted by the HKTDC, will be held from 5 to 6 December at the Hong Kong Convention and Exhibition Centre.Through forums, exhibitions, competitions, workshops, and business matching sessions, BIP Asia Forum and E-Day combine to provide an ideal platform for start-ups and small and medium-sized enterprises (SMEs) to discover the potential of intellectual property (IP) and explore business growth opportunities.Under China's 14th Five-Year Plan, Hong Kong is positioned as a development centre for eight key areas, including an international innovation and technology hub and a regional intellectual property trading centre. The HKSAR’s Policy Address further proposes expanding the IP trading ecosystem for the innovation and technology and cultural and creative industries, creating favourable conditions for Hong Kong's development in these areas.Stephen Liang, Assistant Executive Director of the HKTDC, said: “The HKTDC is dedicated to promoting the development of new quality productive forces in Hong Kong and exploring new engines for economic growth. BIP Asia Forum and E-Day play a vital role in transforming Hong Kong into an international innovation and technology hub and a regional IP trading centre. The two events bring together over 130 industry leaders and more than 360 exhibitors from the IP industry, innovation and technology sector, and start-up community helping participants seize opportunities in the Greater Bay Area, ASEAN, and beyond. A highlight this year will be the Global Tech Summit which will enable attendees to explore the impact of AI across industries with valuable insights and experiences from industry experts."BIP Asia Forum Unlocks Potential of IPThe theme of this year's BIP Asia Forum is “Reimagining IP for Impact and Growth”. Featuring more than 90 speakers, the Forum will explore the immense potential of IP in nurturing innovation and entrepreneurship and driving impactful economic and social development on a global scale. More than 40 exhibitors from some 10 countries and regions will showcase their solution and projects.Dr Peter KN Lam, Chairman of the HKTDC, and Hu Wenhui, Deputy Commissioner of the China National Intellectual Property Administration (CNIPA), will speak at the opening ceremony, while Xaysomphet Norasingh, Chairman of the ASEAN Working Group on Intellectual Property Cooperation, and Wang Binying, Deputy Director General of the World Intellectual Property Organization (WIPO), will discuss the latest trends and developments in IP during the Policy Dialogue.The Plenary Session, titled “Unlocking Business Success with IPs”, will feature Michael Moriarty, Managing Director of Hong Kong Disneyland Resort, Guy Riddell, Managing Director of Peninsula Merchandising Limited, and Na Wei, Senior Director of IP Licensing at Xiaomi, sharing their insights on how to leverage effective branding and IP strategies, along with technological advancements, to unlock business potential and create opportunities.This year's Global Tech Summit will feature dedicated sessions focusing on the impact of AI on various industries, including communications, food and agriculture, sports, and Web3. Beatrice Ho, Co-founder of Mushroom-X; Philip Ng, Founder and CEO of AI Farming Technology (Hong Kong) Limited; Nick Balke, Head of Sales, APAC & EMEA at KUDO Inc.; and Cerena Ip, CEO and Founder of Welldify, will share the latest application trends and business expansion opportunities in their respective industries. In the Startup Playbook series, Sun Choi, Founding Partner of 2080 Ventures; Fred Li, Senior Executive Director of Gobi Partners GBA; and Andrew Young, Advisor at Sino Group and Executive Director at Ficus Technology Holdings, will provide start-ups with practical tips on global expansion, venture capital, and IP strategies.The two-day forum will also feature various thematic sessions. The ASEAN Session, hosted by the ASEAN Secretariat and the Intellectual Property Department of the HKSAR Government, will discuss IP in the arts, cultural, and creative industries. Another highlight, “Reimagining Content IP”, will feature Jake Hwang, Chief Manager of Story IP Business at Kakao Entertainment Corp., sharing insights on IP related to popular Korean dramas, webcomics, and web novels. Theodora Lau, Founder of Unconventional Ventures, will analyse AI ethical issues in the session “Responsibility of AI: Ethics, Inclusion, Impact”. This year's forum will also introduce a new session on IP valuation and financing, sharing strategies and helping attendees understand how to leverage intangible assets as a valuable financing tool for businesses.This year's Innovation and IP Market, themed “Smart City Innovation”, will showcase more than 20 innovative projects from universities, R&D centres, service providers, and IP service agencies in areas such as smart cities, digital business, smart living, AI and robotics, and transportation, facilitating industry exchange, partnership building, and business networking.Entrepreneur Day Explores New Business Opportunities in the Tech Era “Where Start-up Dreams Take Flight” is the theme for this year’s E-Day and will feature an exhibition with more than 320 start-ups, inventor projects, and start-up support services from 10 countries and regions. During the two-day exhibition, some 15 events will be organised, with business leaders sharing and exchanging insights on the latest start-up and investment trends.E-Day has so far attracted exhibitors from various countries and regions including the first ever Thailand pavilion, organised by the Department of International Trade Promotion under the Ministry of Commerce of Thailand, which will feature 10 key start-ups from Thailand. The Australian pavilion, led by Investment New South Wales (NSW), will also participate for the second consecutive year, presenting green tech start-ups to explore potential opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).The HKSAR’s Digital Policy Office is also joining E-Day for the first time to showcase over 30 award-winning local technology projects at the Hong Kong Innovation Pavilion and the Hong Kong Exporters' Association will once again co-organise the annual Asia Exhibition of Innovations and Inventions with Geneva Palexpo, and showcasing over 120 innovative projects from Asia at E-Day.The Symposium of the Alliance of Hong Kong Youth Innovation and Entrepreneurial Bases in the Greater Bay Area, hosted by the Home and Youth Affairs Bureau, will invite the Alliance and start-ups under the Funding Scheme for Youth Entrepreneurship in the GBA to share their success stories and promote the high-quality development of youth innovation and entrepreneurial bases in the region. Shenzhen Qianhai DreamWorks Operation Co., Ltd., an innovation and entrepreneurship platform, and Hexcubes will join investors and stakeholders in sharing insights at the event.E-Day seminars will cover four main themes: Inspirational Masterclass, Start-up 101, Global Tech Summit, and Uncovering Hidden Gems. On the first day, “T-Chat – Changes, Challenges and Chances: A Startup's Guide to Navigating the AI Era” will feature Martin Karafilis, CEO of Fishburners and award-winning entrepreneur, and Keith Jackson, Chairman of Hong Kong UK Business Forum and renowned business consultant, discussing the innovative mindset entrepreneurs must possess in the rapidly developing era of AI and sharing strategies for leading start-ups to success.The “Rising Stars: Gen Z Entrepreneurs” seminar and Start-up Mixer, co-organised with the Hong Kong Federation of Youth Groups, will be held on the second day, bringing together outstanding young founders to explore how to leverage technology to reshape the business landscape. The seminar will explore their key success factors, the challenges they face, and how they use innovative strategies to realise their ambitious visions.Start-up Express International, supported by partners from Mainland China, France, Germany, Italy, United Kingdom, Denmark, Sweden, Taiwan, Japan, South Korea, Singapore, Thailand, Vietnam, Australia, the United States and United Arab Emirate, will feature ten global winning start-ups to share and exchange insights.The HKTDC and Hang Seng Bank's one-stop platform, InnoClub, will also host the InnoClub Award Presentation Ceremony and Networking Reception to recognise the outstanding achievements of its members in innovation and technology, with award winners sharing their success stories. There will also be a networking reception for start-ups, investors, and business partners to connect and create business opportunities.In addition, DesignInspire will be held concurrently with BIP Asia Forum and E-Day from 5 to 7 December at the same venue. The event will bring together numerous local and international design superstars, providing an exciting design experience for the industry and the public. The three events aim to create synergy and generate more business opportunities for the industry.Websites:Business of IP Asia Forum: https://bipasia.hktdc.com/en/Entrepreneur Day: https://portal.hktdc.com/eday/enStart-up Express International: https://portal.hktdc.com/startupexpress/en/s/start-up-express-internationalMedia Registration:Media representatives can pre-register by completing the form below and emailing it to hktdc@hkstrategies.com by 4 December to receive a confirmation email and access the websites of the exhibitions and conferences. *********************** Media Registration Form *****************************EmailSurnameFirst NameMedia OrganisationCountry/RegionPositionTelephone For media interviews with conference speakers, please email the interviewee and questions to hktdc@hkstrategies.com by 26 November.Photo Download: https://bit.ly/3OiHWQaThe 14th BIP Asia Forum, jointly organised by the HKSAR Government and the HKTDC, will be held from 5 to 6 December 2024 at the Hong Kong Convention and Exhibition Centre(The photo shows last year’s event )(From left to right) On the first day, during the Policy Dialogue, Xaysomphet Norasingh, Chairman of the ASEAN Working Group on Intellectual Property Cooperation, and Wang Binying, Deputy Director General of the World Intellectual Property Organization, will discuss the latest trends and policy developments in global IP markets(From left to right) The “Unlocking Business Success with IPs” Plenary Session will feature Michael Moriarty, Managing Director of Hong Kong Disneyland Resort, Guy Riddell, Managing Director of Peninsula Merchandising Limited, and Na Wei, Senior Director of IP Licensing at Xiaomi, who will share how to leverage effective branding and IP strategies, and technological advancements to unlock business potentials and create opportunitiesThe 16th Entrepreneur Day will be themed “Where Start-up Dreams Take Flight” and the exhibition will bring together over 320 start-ups, inventor projects, and support services, helping start-ups and SMEs to understand market trends. The photo shows the 15th E-Day last year(From left to right) The first day's “T-Chat – Changes, Challenges and Chances: A Startup's Guide to Navigating the AI Era” at E-Day will feature Martin Karafilis, CEO of Fishburners and award-winning entrepreneur, and Keith Jackson, Chairman of the Hong Kong UK Business Forum and renowned business consultant, as keynote speakers. They will discuss the innovative mindset entrepreneurs must possess in the rapidly developing era of AI and share strategies for leading start-ups to success(From left to right) “Rising Stars: Gen Z Entrepreneurs” brings together Ryan Lee, Chief Financial Officer of OAO Limited; Maurice Chang, CEO and Co-founder of Mindplus AI; and Ugochi Owo, CEO of Flindel, to explore how to leverage technology to reshape the business landscapeMedia EnquiriesFor enquiries, please contact:Burson:Wing Chan Tel: (852) 9518 4326 Email: wing.chan@hillandknowlton.comRachel Zhu Tel: (852) 6816 5846 Email: rachel.zhu@hillandknowlton.comHKTDC's Communication & Public Affairs Department:Katy Wong Tel: (852) 2584 4524 Email: katy.ky.wong@hktdc.orgJane Cheung Tel: (852) 2584 4137 Email: jane.mh.cheung@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.com/enAbout the HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong ’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.
Highlight: https://hk.finance.yahoo.com/splash/yahooinvest2024HONG KONG, Nov 21, 2024 - (ACN Newswire via SeaPRwire.com) - The 2024 Yahoo Finance annual event, Yahoo Finance Invest, was grandly held on November 19, achieving a remarkable 1,500,000 online views. This year, multiple forces have influenced the economy in unprecedented ways, including the rise of artificial intelligence, changes in the policies of the U.S. Federal Reserve, and the intense U.S. presidential election buildup and resolution, leaving investors still grappling with their implications.In light of this, Yahoo Finance Invest brought together elite speakers from the global investment community. A unique combination of speakers from the U.S. and distinguished speakers from Hong Kong provides a comprehensive regional perspective, including decision-makers from major corporations and governments with thought leaders, to share and analyze the new developments and macro disruptions experienced and lived through this year. The event explored trends in the future global economic market, while showcasing new frontiers in technological breakthroughs. Leaders from various sectors provided professional insights to help investors in their wealth accumulation goals by informing their investment decisions.Honored guests participating in the summit this year included: Mr. Arvind Krishna, Chairman & CEO, IBM; Ms. Karen Karniol-Tambour, Co-Chief Investment Officer, Bridgewater Associates; Mr. Marc Rowan, Co-Founder & CEO, Apollo Global Management; Mr. Rick Rieder, Chief Investment Officer of Global Fixed Income, BlackRock; The Honourable Bernard Charnwut Chan, GBM, GBS, JP, Chairman, M+ Museum Ltd.; Mr. Kevin Yeung, Chairman, HKFDA; Ms. Bonita Cheung, Curator & Project Director, HKFDA; Mr. Chris Brown, Founder & CEO, ReThink HK; Mr. Daniel Seah, Chairman and Chief Executive Officer, Digital Domain Holdings Limited and Mr. Ng Sier Han, General Manager, DBS Bank (Taiwan)As an elite gathering of distinguished guests sharing their unique perspectives and insights, they provided valuable commentary and exchanges aimed at local and regional investors, as well as all invested stakeholders within the global economy.Exploring Market Volatility and Future TrendsThe summit served as a platform for speakers to discuss the latest and most influential topics and trends. The invited speakers, all leaders and pioneers in their respective fields, shared their diverse viewpoints, providing the audience with insights unique to the movers and shakers that are disrupting the way the world works and those that facilitate innovation and business operations for large enterprises that provide technology and banking/finance infrastructures. This enabled investors to access more comprehensive information and gain a better understanding of economic trends in Asia and the global market.Hong Kong has become the world's second-largest art trading hubM+ Museum Ltd, Chairman, The Honourable Bernard Charnwut Chan, GBM, GBS, JP commented on Hong Kong's competitiveness in the realm of art and culture, stating, "Hong Kong has surpassed the UK and is now closely following New York as a leading global art trading center. Over the past few years, Hong Kong has established a comprehensive art ecosystem, exemplified by public institutions like M+ Museum and the West Kowloon Cultural District, alongside a variety of private art organizations. All of this highlights Hong Kong's potential as a major art capital.”“Moreover, with the rise of 400 million middle-class consumers in China and 200 million in ASEAN countries, purchasing power and the demand for quality cultural experiences are only expected to increase, presenting considerable potential. Of course, recent geopolitical tensions have impacted certain collaborations, but I believe the fields of art and culture remain quite healthy, and I do not see any reluctance from anyone to collaborate with local entities."Video:https://hk.finance.yahoo.com/video/m-董事局主席陳智思-探討香港文化領域的變革-050613984.html Hong Kong should learn from Europe's transformation to help businesses seize the opportunities presented by sustainable developmentReThink HK Founder & CEO Mr. Chris Brown shared his thoughts on Hong Kong's position in sustainable development, stating, "In Asia, we realize that we are relatively behind, and even within Hong Kong, our progress is slower compared to other regions in Asia. However, this is not necessarily a bad thing. We can learn from Europe's transformation experience, particularly how they assist businesses in seizing the opportunities presented by sustainability, setting goals, and enhancing their value propositions to various stakeholders. Companies must begin to gain a deeper understanding of all aspects of their operations and value chains, while also paying attention to their impact on the natural environment. Just as businesses are striving to meet the demands for financial disclosures and ESG reporting, another wave of requirements will follow, necessitating more specialized knowledge."Video:https://hk.finance.yahoo.com/video/rethink-hk-創辦人兼行政總裁chris-brown-香港可持續發展最新進展-042802607.htmlMore than 100 Hong Kong designers participated in the event in Asia, connecting local designers with the global community.HKFDA Chairman Mr. Kevin Yeung shared his insights on the current fashion design industry in Hong Kong, stating, "Over the past 13 years, with the support of the Hong Kong government's Creative Industries Development Office, the association has organized numerous significant events. These activities, held in Hong Kong, Shanghai, the Greater Bay Area and other regions in Asia, have attracted over a hundred Hong Kong designers, as well as designers from Denmark, Thailand, and mainland China. The aim is to promote Hong Kong design and foster connections among designers from different regions."Video:https://hk.finance.yahoo.com/news/hkfda-楊棋彬、張潔雯：探討時尚產業的未來發展-051956154.htmlHong Kong's geographical location facilitates a convergence of Eastern and Western cultures, positioning it as an international hubHKFDA Curator & Project Director Ms. Bonita Cheung said, "In Hong Kong, we have many talented and renowned fashion designers, such as Benny Yeung, Barney Cheng and Kev Yiu, as well as designers from mainland China. I believe Hong Kong has always been regarded as one of the most cutting-edge and international of markets. Its geographical location makes it a vital hub for cultural exchange between the East and West. In fashion design, haute couture represents the pinnacle of art and craftsmanship, making this combination particularly fitting."When discussing the relationship between fashion design and sustainable development, Ms. Bonita Cheung stated, "Juxtaposed is a project we have been undertaking since 2017, aimed at integrating various aspects of sustainability. When curating exhibitions and events, I typically do not reveal the underlying concepts directly, as I hope to encourage deeper reflection from the audience after their visit. Therefore, we explore how to achieve a closed-loop system in fashion, encouraging the use of recycled fabrics and the deconstruction and reconstruction of old inventory, off-season items, and even second-hand clothing."Video:https://hk.finance.yahoo.com/video/hkfda-楊棋彬-張潔雯-探討時尚產業的未來發展-044837487.htmlIt is inspiring to be located in Hong Kong, and there is hope for the integration of artificial intelligence technology across various sectors in the cityDigital Domain Holdings Limited Chairman and Chief Executive Officer Mr. Daniel Seah Daniel Seah expressed his thoughts on Digital Domain's establishment in Hong Kong, stating, "We are fortunate to have received the support of the Hong Kong government. After extensive consideration and analysis, we believe that Hong Kong is the best place among many options. Imagine a powerful chatbot paired with a lifelike avatar, with a wide range of commercial applications, from education to hospitality, and even in elderly care and healthcare. If bank customers could interact with a virtual persona resembling Anita Mui, Leslie Cheung or Teresa Teng, it would undoubtedly bring about significant improvements in efficiency across various industries in Hong Kong. Therefore, we need to invest in talent and new technologies and build a more robust infrastructure system for the new generation."Video:https://hk.finance.yahoo.com/video/數字王國謝安-虛擬人像技術在ai時代的戰略與願景-041000355.htmlPete Wong, General Manager of Yahoo Asia, shared his insights by saying, "Following its premiere, this 'Yahoo! Finance Invest Asia 2024' recorded over 1,500,000 online views globally, garnering significant attention from various sectors. This clearly demonstrates the summit's importance to the global market and its international standing. As a trusted leader in financial information, Yahoo will continue to provide authoritative industry insights and in-depth market analysis in the future. Yahoo Finance will also regularly host impactful events to drive the industry into a new era and promote overall economic growth in the Asia-Pacific region."In addition, to enhance user experience, the Yahoo Hong Kong Finance website has undergone significant updates, presenting a completely new look. They comprise:New HomepageThe new homepage is designed to help users navigate easily, and quickly find the content they need, offering the latest market insights while allowing users to explore various Yahoo Finance products. At the top of the homepage, there is a prominent information section next to a news area, along with a video section that provides a variety of engaging content. Below, there is an investment insights area featuring data on the top gainers and losers, as well as the most active stocks, alongside thematic modules and a stream of the latest news.New Customizable ToolbarThe new customizable toolbar allows users to tailor their experience by adding or removing features according to their preferences. This toolbar provides quick access to essential tools, market data, and personalized settings, enabling users to efficiently manage and monitor their investments. Users can easily navigate to their favorite sections and stay updated with relevant information that matters most to them.Newly Redesigned Quote PageThe newly redesigned quote page offers a more intuitive and user-friendly layout, making it easier for users to access real-time market data and stock information. Enhanced features include detailed charts, key metrics, and comprehensive analysis, allowing users to quickly evaluate stock performance. The updated design also integrates news and insights related to specific stocks, providing a holistic view of the market and helping users make informed investment decisions.Comprehensive Portfolio PageThe enhanced portfolio page provides users with a more comprehensive overview of their investments. It includes detailed performance metrics, real-time data, and insightful analytics to help users track their portfolio's progress effectively. Users can easily view asset allocation, gain/loss summaries, and relevant news updates for their holdings. This improved layout allows for better organization and management of investments, empowering users to make informed decisions based on their portfolio performance.This redesign aims to provide top-notch tools and support comprehensive wealth management to effectively attract investors. Explore the new website now and enjoy an upgraded experience at hk.finance.yahoo.comTo learn more about Yahoo Finance Invest or to view the summit content, please visit: https://hk.finance.yahoo.com/splash/yahooinvest2024‚About YahooYahoo is a global media and tech company that connects people to their passions. We reach nearly 900 million people around the world, bringing them closer to what they love—from finance and sports, to shopping, gaming and news—with the trusted products, content and tech that fuel their day. For partners, we provide a full-stack platform for businesses to amplify growth and drive more meaningful connections across advertising, search and media. For more information, please visit: yahooinc.com‚Media InquiryStrategic Public Relations GroupVincent IpTel: +852 2114-4341 / +852 5498-9705Email: vincent.ip@sprg.com.hkAndico TsuiTel: +852 2114-4346 / +852 6902-3831Email: andico.tsui@sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
DALTON, GA, Nov 21, 2024 - (ACN Newswire via SeaPRwire.com) - TGL presented by SoFi, the new, prime time team golf league backed by Tiger Woods and Rory McIlroy's TMRW Sports, announced SYNLawn as its Official Synthetic Surface Partner. SYNLawn has installed approximately 31,000 square feet of its industry-leading products across the field of play in the custom-built SoFi Center, home to TGL's upcoming season of prime time golf featuring six teams of PGA TOUR stars. Required to meet the standards of the best players in world, TGL conducted years of research to ensure the indoor, synthetic playing surface of the short-game complex was as authentic as possible compared to what these players experience regularly on professional tours."We consider the synthetic playing surface within SoFi Center to be an important part of the overall technology mix that makes TGL possible, and that commitment was underscored by more than two years of research and testing we conducted to achieve the end result," said Andrew Macaulay, Chief Technology Officer, TMRW Sports. "SYNLawn's expertise, commitment to quality, and innovative products redefined our expectations for synthetic playing surfaces and the teams of TGL players have shared high praise for the playing conditions and receptiveness of the green.""We're thrilled to partner with TGL presented by SoFi and bring SYNLawn's innovative synthetic turf solutions to such an exciting and forward-thinking sports platform. This partnership not only showcases the durability and performance of SYNLawn products, but also aligns with our commitment to advancing the future of sports and recreation," said George Neagle, President, SYNLawn. "We look forward to seeing our turf systems featured in a way that inspires athletes and fans alike, while contributing to the elevated experience TGL is creating for sports fans.""The momentum we're generating with commercial partners has been increasing significantly as we near the season launch of TGL in January. And as we pull back the veil and transition from renderings to now showcasing TGL's tech-infused playing field being played by the top golfers in the world - the intrigue about the unprecedented scale of what we're building continues to soar," said Jason Langwell, Chief Revenue Officer at TMRW Sports. "Best-in-class partners like SYNLawn are an example of a partnership that showcases not only their product directly, but how the shared values of innovation and quality merge between TGL and our partners."SYNLawn's hand-in-hand partnership with TGL is allowing their teams of pro golfers to compete on a unique system that blends technology and one-of-a-kind synthetic surfacing. For portions of TGL's competition, teams will also be hitting shots from boxes of real grass at fairway and rough length, as well as from real sand bunkers. Precision Putt™ provides advanced surfacing characteristics of speed and the truest roll possible and contributes to SoFi Center's proper bounce, check, and roll playing conditions. SYNLawn products used within TGL's technology mix also easily contours to meet the field of play's precise design specifications, including Precision Putt™, SYNTipede 243, Tee Strike, SYNSport, and SYNBlue 949. SYNLawn's GreensMaster Certificated Installers ensure clients receive best-in-class installation, design, and technical expertise.TGL presented by SoFi Media Hub:The TGL presented by SoFi Media Hub is now open, offering media members a wide selection of downloadable assets, such as explainer content; league and team logos; player and team images; schedule information; and more. Images of SYNLawn's installation within SoFi Center are also available. Register now to gain access: www.tglmediahub.comAbout TGL presented by SoFiTGL presented by SoFi features six teams of top PGA TOUR players competing in a season-long, fast-paced competition that brings golf to prime time on Mondays and Tuesdays. TGL's home is the custom-built SoFi Center, a tech-infused venue on the campus of Palm Beach State College in Palm Beach Gardens, Fla. TGL's inaugural season begins Tuesday, Jan. 7 in prime time on ESPN and ESPN+ in the U.S. and with other prominent media partners around the globe. TGL's six teams include Atlanta Drive GC, Boston Common Golf, Jupiter Links Golf Club, Los Angeles Golf Club, New York Golf Club, and The Bay Golf Club. To learn more about TGL, its teams, rosters, competitive format, and technology, visit TGL Explained.About SYNLawn®For more than 20 years, SYNLawn® has led the industry as the largest manufacturer and unrivaled innovator of artificial grass and synthetic surfacing. As part of the Sport Group Holding® family of companies, SYNLawn delivers the best products available on the market. SYNLawn's product offerings also include Calico Greens™, an upscale line of artificial wall displays. SYNLawn's turnkey network of over 120 distributors seamlessly combines environmental stewardship with industry-leading innovations. SYNLawn uses PCR content and bio-based ingredients, such as soy and sugarcane, and consumer-conscious additives, such as antimicrobials, to meet customers' wide range of needs. With more than 350,000 residential and commercial installations, the company is raising the bar for global synthetic turf standards and transforming the idea of grass. We have an award-winning, proprietary system with a large percentage of renewable content. From rooftops to road medians and rocket-launch viewing sites, SYNLawn has installed over 150 million square feet of U.S. soy-backed grass in the United States of America and over 30 other countries since 2008. SYNLawn added more soy than ever to its products in 2021. For more information, visit www.SYNLawn.com and follow on Facebook, Instagram, LinkedIn, Pinterest and YouTube.TGL presented by SoFi Media Contact:David SchaeferBusiness CommunicationsDavid.Schaefer@TMRWSportsGroup.com+46702877637 (mobile and WhatsApp)407-429-8402 (U.S. mobile)SYNLawn Media Contact and for Product Photos:Mackenzie Smith574-524-5916 (mobile)mackenzie@labearcommunications.comContact InformationSYNLawn Media Contact and for Product Photos:Mack Smithmackenzie@labearcommunications.com574-524-5916TGL presented by SoFi Media Contact:David SchaeferBusiness Communicationsdavid.schaefer@tmrwsportsgroup.com407-429-8402 (U.S. mobile)SOURCE: SYNLawn Copyright 2024 ACN Newswire via SeaPRwire.com.
HONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - Today, Everest Medicines announced that NEFECON(R) has received full approval from the Ministry of Food and Drug Safety (MFDS) in South Korea, indicated for the treatment of adults with primary immunoglobulin A nephropathy (IgAN) with a urine protein excretion ≥1.0 g/day (or urine protein-to-creatinine ratio ≥0.8 g/g). This approval further expands NEFECON(R)’s footprint in Asia and provides Asian patients with a groundbreaking etiological treatment option for IgAN.Rogers Yongqing Luo, Chief Executive Officer of Everest Medicines, expressed his excitement about the approval: “As the world's first and only IgAN etiological treatment drug fully approved by the U.S. Food and Drug Administration (FDA), NEFECON(R) will provide a new treatment option for patients in South Korea. We will continue to work on enhancing the accessibility and affordability of NEFECON(R) across Asia to meet the urgent needs of more IgAN patients for this innovative therapy.”NEFECON(R) is the first and only fully approved etiological treatment for IgAN, with its clinical value widely recognized by the global medical community. The approval of NEFECON(R) in South Korea is based on the global Phase 3 NefIgArd clinical trial, which showed that compared to placebo, NEFECON(R) not only brought about a sustained reduction in proteinuria and reduced the frequency of microscopic hematuria but also demonstrated clinically relevant and statistically significant treatment benefits in estimated glomerular filtration rate (eGFR). The study further revealed that NEFECON(R) reduces the decline in kidney function by 50%, over a period of 2 years, comprising 9 months of treatment and 15 months of observation, and potentially delay the progression to dialysis or kidney transplantation by 12.8 years.Studies have shown that IgAN is highly prevalent among Asian populations, with a 56% higher risk of progression to end-stage renal disease compared to other groups, and often progresses more rapidly. The approval of NEFECON(R) in South Korea provides a breakthrough treatment option for IgAN patients in Asia and highlights its significant commercial potential in the region.This milestone is further evidence of Everest Medicines’ robust global commercialization capabilities. Earlier this year, NEFECON(R) issued its first prescription in mainland China, with subsequent approvals in Macau, Hong Kong, Singapore (marketed as Nefegan(R)), and Taiwan China. According to the company’s interim report, NEFECON(R) achieved RMB 167.3 million in sales within just over a month of its commercial launch in China, demonstrating strong market performance. The approval in South Korea further validates NEFECON(R)’s clinical value and commercial potential, opening new market opportunities and creating an important revenue growth driver for the company.Notably, NEFECON(R) participated in China’s National Reimbursement Drug List (NRDL) negotiations this year for the first time. Inclusion in the NRDL would significantly enhance its market penetration and affordability, accelerating its sales growth in China. Industry experts widely view NEFECON(R) as a potential blockbuster drug in the Chinese market, with the ability to drive Everest Medicines’ commercialization strategy while strengthening its competitive edge in both domestic and international markets. Copyright 2024 ACN Newswire via SeaPRwire.com.
HONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - BDO, the world’s fifth largest accountancy and advisory network, has been organising the BDO ESG Awards since 2018, becoming a pioneer in advocating companies’ acceptance of their social responsibilities through the integration of sustainable practices into their business models. Entering its sixth anniversary, the Awards received a record high nomination compared with previous years, with more than 110 applications. BDO will continue to promote the development of enterprises in the field of environmental, social and governance (ESG). BDO recognises Hong Kong-listed companies that have excelled in areas of ESG through the Awards, and encourage more companies to work together for a greener and more climate-resilient future. The BDO ESG Awards has been well received by listed companies in Hong Kong, and this year, as in previous years, received an overwhelming number of nominations. The winners of the various categories, including the Best in ESG Awards, the Best in Reporting Awards, the ESG Report of the Year Awards, the Theme Award and the Outstanding ESG Performance of H-share Companies Awards, will be officially announced at the BDO ESG Awards Presentation Ceremony on 11 December 2024. This year’s Theme Award again commends listed companies that have adopted best practices in ‘carbon neutrality’, highlighting the key role that companies play in mitigating climate change and shaping a zero-carbon, greener, and more climate-resilient future. Companies that are committed to achieving ‘net-zero’ carbon emissions and have demonstrated excellence in the following areas are eligible to compete for the Theme Award:I.Biggest reduction in carbon emissions (absolute and intensity) from business for the year;II.Carbon reduction initiatives launched during the year that could significantly reduce carbon emissions from business in the long-run;III.Long-term vision and action plans implemented to achieve carbon neutrality Ricky Cheng, Director and Head of Risk Advisory of BDO, said, “We are pleased that this year's BDO ESG Awards has again been a huge success, receiving an overwhelming response. A record number of over a hundred listed companies have submitted applications, reflecting a growing number of companies that are committed to sustainable development and have practically integrated ESG principles and climate change considerations into their business strategies. Although companies are paying increasing attention to ESG and climate change issues, BDO, as an advocate for sustainable development, hopes to leverage the annual Awards to continuously raise public awareness of the importance of these issues. The Awards not only recognises companies that have demonstrated excellence in ESG performance and fulfilled their ESG commitments, but also motivates others to make greater efforts to build a zero-carbon future.” On 19 April 2024, the Hong Kong Stock Exchange (HKEX) released the results of a consultation on climate disclosure requirements and published the “Implementation Guidance for Climate Disclosures under HKEX ESG reporting framework”. With reference to IFRS S2 Climate-related Disclosures, HKEX’s Environmental, Social and Governance Reporting Code (ESG Code)1 will require issuers to make climate-related disclosures in phases starting 1 January 2025 to further enhance the quality, consistency and comparability of climate-related disclosures in Hong Kong's financial industry. By aligning with international standards and providing options with less burden, HKEX encourages issuers to disclose relevant information without undue burden. Ricky added, "Climate change and global warming are serious challenges facing all of humanity. To address these environmental issues, in addition to relying on various government initiatives such as ‘Hong Kong's Climate Action Plan 2050’ and the ongoing update of the climate risk reporting regulations for listed companies by HKEX, we still need the support of society and businesses to realise carbon emission reduction and promote the green and sustainable development of Hong Kong. BDO believes, the mission of safeguarding and ensuring a sustainable future for all mankind can only be achieved if companies from all sectors act from the heart and understand their responsibility and importance in promoting long-term net-zero carbon emissions in their business operations. By formulating a clear and effective carbon neutrality blueprint, companies can progressively meet their carbon reduction commitments and create sustainable long-term value for stakeholders and the next generation, which will ultimately help enhance Hong Kong's green finance credentials and strengthen the city’s position as a trusted and leading financial hub for investors.” Note to editorsAbout BDO Limited BDO's global organisation extends across 166 countries and territories, with more than 115,600 professionals working in over 1,770 offices - and they're all working towards one goal: to provide our clients with exceptional service. BDO was established in Hong Kong in 1981 and is committed to facilitating the growth of businesses by advising the people behind them. BDO Hong Kong provides an extensive range of professional services including assurance services, risk advisory services, specialist advisory services and tax services. For more details, visit www.bdo.com.hk.ContactsSala LoSenior Marketing Manager and Team Head BDO Hong Kong Heidi LauSenior Marketing ManagerBDO Hong Kong Strategic Financial Relations LimitedVicky Lee Yoko LiTel +852 2218 3042Mobile +852 9613 5175salalo@bdo.com.hk Tel +852 2218 2325Mobile +852 9285 4151heidilau@bdo.com.hk Tel +852 2864 4834sprg_bdo@sprg.com.hk Tel +852 2864 4813sprg_bdo@sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
MIAMI, FL, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche e-commerce platform specializing in the spirits and beverage industry, today announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin as part of its treasury management strategy.In addition, the Company will now accept cryptocurrency payments on CWSpirits.com, giving customers the flexibility to purchase alcohol using digital currencies. As part of this initiative, LQR House has adopted a policy to retain up to $10 million of these crypto payments in Bitcoin, reflecting the Company's confidence in the long-term potential and value of digital assets."As Bitcoin continues to gain traction as an accepted asset class, we see a unique opportunity to strengthen our treasury with an innovative investment," said Sean Dollinger, CEO of LQR House. "In our opinion, Bitcoin's inherent scarcity and finite supply position it as a modern hedge against inflation and a safe haven in times of economic uncertainty. We believe Bitcoin aligns with our forward-thinking strategy and complements our mission to drive innovation across all aspects of our business."While Bitcoin will now be integrated into LQR House's diversified strategy, the Company remains firmly committed to its core operations. This includes executing its previously announced cost-cutting initiatives aimed at enhancing profitability and collaborating closely with its new board members to define and implement the most effective strategies for sustainable growth.LQR House will monitor its Bitcoin holdings closely, ensuring they align with market conditions and the Company's cash flow requirements.About LQR House Inc.LQR House intends to become a prominent force in the wine and spirits e-commerce sector, epitomized by its flagship alcohol marketplace, cwspirits.com. This platform seamlessly delivers a diverse range of emerging, premium, and luxury spirits, wines, and champagnes from esteemed retail partners like Country Wine & Spirits. Functioning as a technology-driven hub, LQR House utilizes software, data analytics, and artificial intelligence to elevate the consumer experience. CWSpirits.com stands out as the go-to destination for modern, convenience-oriented shoppers, providing a curated selection of alcohol products delivered to homes across the United States. Beyond its role in an e-commerce sector, LQR House is a marketing agency with a specialized focus on the alcohol industry. The Company measures campaign success by directly correlating it with sales on CWSpirits.com, demonstrating a return on investment. Backed by an influential network of over 550 figures in the alcohol space, LQR House strategically drives traffic to CWSpirits.com, enhancing brand visibility. LQR House intends to disrupt the traditional landscape of the alcohol industry, driven by its dedication to providing an unparalleled online purchasing experience and delivering tailored marketing solutions.Forward-Looking StatementsCertain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Shareholders can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. Forward-looking statements contained in this press release are made only as of the date of this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the United States Securities and Exchange Commission (the "SEC"). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the headings "Risk Factors". Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.Investor and Media Contact:info@lqrhouse.comContact InformationSean DollingerCEOinfo@lqrhouse.comSOURCE: LQR House Copyright 2024 ACN Newswire via SeaPRwire.com.
- Over 80 experts and industry leaders in the maritime, air freight, logistics and supply chain sector shared insights on major issues facing the industry- The conference attracted some 2,200 participants from over 30 countries and regions- Strong participation and support from new and emerging markets, including ASEAN and Middle East, reinforced Hong Kong’s status as a ‘superconnector’ and ‘super value-adder’ between Mainland China and global marketsHONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - The 14th Asian Logistics, Maritime and Aviation Conference (ALMAC) jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC) concluded today. This year’s ALMAC featured over 80 experts and industry leaders from the maritime, air freight, logistics and supply chain sector speaking on major issues facing the industry at over 20 conference sessions. The conference attracted some 2,200 participants from over 30 countries and regions, providing a platform for industry players and shippers to explore global business opportunities and establish resilient and sustainable supply chains. This reinforces Hong Kong’s position as an international aviation hub and assists in its development into a high-quality green maritime fuel bunkering centre, thereby enhancing the international status and competitiveness of Hong Kong ports.Over 300 business-matching sessions were arranged, demonstrating Hong Kong’s status as a ‘superconnector’ and ‘super value-adder’ between Mainland China and global markets.Shaping resilient and sustainable supply chainsThemed “Shaping the Future of Supply Chains: Resilience and Sustainability”, multiple forums were hosted to address three major trends in the industry, namely supply chain transformation and new market opportunities, sustainability and green energy, and innovation and technology.In today's rapidly changing global landscape, the dynamics of supply chains are undergoing a substantial transformation. Effective supply chain management plays a pivotal role in combating uncertainty and future-proofing development of enterprises. In the session “Steering Business Growth: Building an Evolving Supply Chain”, Kalyan Chakravorty, Senior Director Global Productivity, Benchmarking & Analytics, MondelÄ“z International, shared his views on the challenges and the opportunities. "When we think about building resilience in a supply chain, we need to think about it as an ecosystem. No single person or single company runs the entire supply chain. It’s often difficult to replicate the entire ecosystem in a new place without challenges," he said.Jotaro Tamura, Senior Managing Executive Officer, Mitsui O.S.K. Lines, shared his thoughts on Hong Kong as an international shipping centre in the same session. " Hong Kong is connected to the maritime industry and the maritime industry is connected to Hong Kong, which makes Hong Kong significant in all aspects," he said.Potential new trade linesSupply chain disruption has exposed the vulnerabilities associated with concentrated distribution hubs. To build more resilient networks, businesses must explore alternative trade routes. In the session “Navigating New Trade Lines for Mitigating Disruptions”, Wilson Kwong, Chief Executive, Hong Kong Air Cargo Terminals, shared his perspective on Hong Kong as an international aviation hub, the city’s connectivity to global markets and new trade lines. "I think the government has to develop new trade links such as how the Hong Kong SAR government is working very closely with the Belt and Road countries and regions. With the commencement of the three-runway system, the cargo capacity of the Hong Kong International Airport will be raised to 10 million tonnes per annum in the next decade. This is certainly a milestone for us. At HACTL, we have never stopped investing. Working with a government that facilitates business, a business-friendly Airport Authority, and a very engaging and cooperative community, leads me to be very positive about the future," he said.Logistics efficiency through technologyInnovation and digitalisation play a pivotal role in improving the efficiency of global value chains. Speakers in the Logtech Forum: Amplifying Digital Supply Chains through Innovation and Integration session explored strategies for seamlessly integrating technologies across supply chains. Shamika N. Sirimanne, Director, Division on Technology and Logistics, UN Trade & Development shared her views on the strategies for seamless integration of various technologies across supply chains to optimise overall performance. “Compared to the other industrial revolutions of our past, starting from the steam engine and so forth, in this digital revolution the difference is that it's an extremely fast-moving technology and the windows of opportunity are open for a very short period. If you don’t capture it, then you lose something. It's a concern with this new technology. It's a different technology than what you have experienced,” she said.Local logistics talentThe Hong Kong’s NextGen Logistician Award Presentation Ceremony took place on the second day of the conference. Instituted by the Transport and Logistics Bureau in the Action Plan on Modern Logistics Development, the award aims to recognise young professionals in the logistics industry who have made significant achievements and shown remarkable potential in innovative, high-end, smart and green logistics. Liu Chun-san, Under Secretary for Transport and Logistics, HKSAR Government, presented the awards. Wendy Huang Shu-yao received the Emerging Talent Award, Queenie Yip Tsz-tung received the Young Professional Award, and Billy Yeung Wai-piu, Keno Cheung Tai-yip and Tyrell Au Ka-wai received the Young Executive Award.Photo Download: https://bit.ly/3UWXTPMThe 14th Asian Logistics, Maritime and Aviation Conference (ALMAC) jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC) concluded today, attracting some 2,200 participants from over 30 countries and regionsKalyan Chakravorty, Senior Director Global Productivity, Benchmarking & Analytics, MondelÄ“z InternationalJotaro Tamura, Senior Managing Executive Officer, Mitsui O.S.K. LinesWilson Kwong, Chief Executive, Hong Kong Air Cargo TerminalsShamika N. Sirimanne, Director, Division on Technology and Logistics, UN Trade & DevelopmentThe Hong Kong’s NextGen Logistician Award recognises young talent in the logistics industryOver 300 business-matching sessions were arranged, demonstrating Hong Kong’s status as the superconnector and super value-adder between Mainland China and global marketsALMAC: https://www.almac.hk/main/en/Media enquiriesYuan Tung Financial Relations:Agnes Yiu Tel: (852) 3428 5690 Email: ayiu@yuantung.com.hkEdmund Choi Tel: (852) 3428 2360 Email: echoi@yuantung.com.hkHKTDC Communications & Public Affairs Department:Stanley So Tel: (852) 2584 4049 Email: stanley.hp.so@hktdc.orgClayton Lauw Tel: (852) 2584 4472 Email: clayton.y.lauw@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.com Copyright 2024 ACN Newswire via SeaPRwire.com.
Brisbane, Queensland, Australia--(ACN Newswire via SeaPRwire.com - November 19, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to provide a business update on the commercialisation progress of THERMAL-XR® Powered by GMG Graphene.SINGAPORE GREEN BUILDING COUNCIL PRODUCT APPROVALThe Singapore Green Building Council has approved THERMAL-XR to be certified as a Singapore Green Building Product (SGBP) under the category of Mechanical - ACMV - Coil Coating. It is the first thermal air conditioning coating to be approved as a SGBP - please see the attached link: https://web.sgbc.online/public/product/certificate/5/46/495/8867/2978.The SGBP Certification Scheme is one of the key standards and benchmarks for green building products in the building and construction industry. Products and materials certified as a SGBP are highly recognised under the Green Mark Certification Scheme, Singapore's national green building rating tool administered by the Building and Construction Authority (BCA), which allows certified products to accrue points that count towards a project's Green Mark rating. The more highly rated a product is under the SGBP Certification Scheme (i.e., the more ticks it has achieved), the more points are awarded towards the Green Mark rating.The SGBP Certification Scheme is also widely accepted by regional green building rating tools for its coverage of products' sustainability performance. Examples include GreenRE, a rating tool set up by the Real Estate & Housing Developments' Association (REHDA) of Malaysia, and LOTUS, Vietnam Green Building Council's rating tool. The SGBP Certification Scheme complies with many of the requirements in ISO 14024 Environmental labels and declarations - Type I environmental labelling.Figure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpgThe benefits of SGBP Certification include:FOR PRODUCT SUPPLIERS:Analysis of your product's sustainability performance by experts and certification by a credible sourceOpportunity and insight into how to further develop your products to be more sustainableGreater awareness of your product for use in our current and future buildingsFOR DESIGNERS/ SPECIFIERS:An overview of products that are certified sustainableAn understanding of how a product stacks up against others in terms of their sustainability performanceEasier decision-making when choosing more sustainable productsFOR BUILDERS/ OWNERS:An overview of products that are certified sustainableData around the environmental properties of the products you useA unique selling point for your building projectsFOR TENANTS/ OCCUPANTS:An understanding of how sustainable the spaces you live and work in areHealth benefits of living/working in a greener buildingOnce a product is certified, SGBC will issue the product a certificate. Only certified products will be listed on the SGBP Certification Directory, which is maintained on the Singapore Green Building Council's website. This Interactive Directory is actively used by building industry professionals such as consultants, contractors, building developers and owners. Stakeholders can demand that products/ materials used for a building are SGBP certified. Certified products can gain credits under various green building rating tools.USA EPA PRE-MANUFACTURE NOTICE SUBMISSION MADEGMG and Nu Calgon have submitted a Pre-Manufacture Notice ("PMN") in conjunction with its USA Environmental Protection Agency's ("EPA") application to import and sell THERMAL-XR® in the USA. The PMN application is expected to be approved in less than 12 months. The PMN application covers the use of the coating in various application methods in various industrial applications.GMG's Managing Director and CEO, Craig Nicol, commented: "The SGBP Certification is highly welcomed and comes after many years of working with our coating and carrying out many demonstration projects in Singapore with our distribution and coating partners. We also welcome the progress on the EPA submission with our Nu Calgon distribution partner."GMG's Chairman and Director, Jack Perkowski, commented: "THERMAL-XR® being recognised as a Singapore Green Building Product is a very good sign of all the hard work GMG has done there over the years. The USA HVAC after market for coatings is a substantial opportunity for GMG and so it is good to see the progress on the EPA submission as well."About THERMAL-XR® powered by GMG Graphene:THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDINGAbout GMG www.graphenemg.comGMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").GMG's 4 critical business objectives are:Produce Graphene and improve/scale cell production processesBuild Revenue from Energy Savings ProductsDevelop Next-Generation BatteryDevelop Supply Chain, Partners & Project Execution CapabilityFor further information please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the receipt, timing and nature of approval by the EPA of the PMN application and the opportunity represented by the USA HVAC after market for coatings. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding that the EPA will approve the PMN application and on the timing anticipated, that the content of the EPA's approval will be as anticipated, and that the USA HVAC after market for coatings is a substantial opportunity for the Company. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the EPA will not approve the PMN application on the timing anticipated or at all, that the content of the EPA's approval will not be as anticipated, that the USA HVAC after market for coatings is not a substantial opportunity for the Company, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230564 Copyright 2024 ACN Newswire via SeaPRwire.com.
KEY HIGHLIGHTS- Revenue up by 22.1% to HK$399.0 million- Gross profit increased by 20.3% to HK$205.9 million- Consolidated profit attributable to equity shareholders grew by 53.4% to HK$95.9 million- Interim dividend of HK5.50 cents per share, up by 59.4% year-on-year- Flagship proprietary brands Ho Chai Kung and Po Chai Pills achieved robust growth through effective integrated sales and marketing strategies- Concentrated Chinese medicine granules (“CCMG”) business displayed solid growth momentum, contributing to operational performanceHONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - JBM (Healthcare) Limited ("JBM Healthcare" or the "Company"; Stock Code: 2161, together with its subsidiaries, the "Group"), a leading branded healthcare products marketer and distributor in Hong Kong, today announced the interim results of the Group for the six months ended 30 September 2024 ("FY2025 Interim" or the "Reporting Period").During the Reporting Period, the Group's branded healthcare business delivered exceptional performance. Revenue reached HK$399.0 million, representing a notable period-on-period growth of 22.1%. The Group's gross profit for the same period reached HK$205.9 million, representing an increase of 20.3%. In the first half of fiscal year 2025, the consolidated profit attributable to equity shareholders grew by 53.4% to HK$95.9 million.The Group's robust performance was propelled by the outstanding sales from flagship brands, with Ho Chai Kung leading in branded medicines and Po Chai Pills excelling in proprietary Chinese medicines. Additionally, the CCMG business of the Group sustained solid growth momentum. These results reflect the successful execution of integrated sales and marketing strategies across both offline and online channels, effectively capitalising on expanding demand for consumer healthcare products in Hong Kong, Macau, and Greater Bay Area.The Board has declared the payment of an interim dividend of HK5.50 cents per share, up by 59.4% year-on-year.Notable Growth Across SegmentsIn the branded medicines business, sales revenue grew by 23.9%, which was led by sustained momentum in Ho Chai Kung product sales. As a leading household name in over-the-counter pain relief and fever medications, Ho Chai Kung strengthened its market presence through targeted brand marketing and sales initiatives. The brand enhanced its appeal to young consumers by ramping up its social media efforts, particularly on platforms like Xiaohongshu and Douyin, aligning with digital trends and expanding its reach among Mainland Chinese youth.In the proprietary Chinese medicines segment, sales rose 17.9%, driven by the strong performance of Po Chai Pills and the sustained growth of the CCMG business. As part of its ongoing strategy to boost brand awareness, Po Chai Pills strategically aired its TV commercial featuring renowned singer Ivana Wong as a brand ambassador during peak sales periods to enhance consumer recall. Additionally, Po Chai Pills gained further visibility by title-sponsoring the popular TVB program "Midlife Sing & Shine! 3", reaching a broad television audience.In the health and wellness products segment, sales revenue increased by 38.9%, driven by the steady growth of Oncotype DX Breast Cancer Recurrence Score Test (“Oncotype DX”), along with expanded product offerings and enhanced marketing efforts targeting the mass wellness market. Oncotype DX has gained increasing recognition among healthcare professionals in Hong Kong and Macau, particularly in the public sector. To further support growth, the Group launched a patient care program with the Hong Kong Breast Cancer Foundation, enabling public hospital patients to receive reimbursement for the test if it indicates the need for additional chemotherapy.Cross-Border E-Commerce and TCM Sector ExpansionThe Group has made positive strides in expanding its online presence, particularly on cross-border e-commerce platforms, while strategically positioning itself to capitalise on the growing traditional Chinese medicine ("TCM") sector in Hong Kong and the Greater Bay Area. Flagship stores for Ho Chai Kung, Po Chai Pills, CCMG, and Jacobson Medical have been launched on the Tmall Global, strengthening brand presence and extending reach in Mainland China. These initiatives have significantly enhanced brand visibility and image among Mainland Chinese consumers.Mr. Patrick Wong, Chief Executive Officer of JBM Healthcare, commented, "Despite a challenging retail environment during the Reporting Period, the Group delivered strong performance driven by our robust portfolio, effective brand management, and enhanced commercial execution, with particular success in our flagship proprietary brands.""Looking ahead, we remain optimistic and confident in the Group's strategic positioning for sustained growth. Key market dynamics, including sedentary lifestyles, increasing health consciousness driven by improving living standards, and aging populations, are collectively fueling growth momentum in consumer healthcare demand. We are committed to operational excellence and growth strategies that focus on enriching our product portfolio, strengthening commercial capabilities, and broadening our sales platforms and geographic reach."About JBM (Healthcare) Limited (Stock Code: 2161)JBM Healthcare is a Hong Kong-based company that markets and distributes branded healthcare products across Greater China, Southeast Asia, and other select countries. The Group is a distinctive player in the sector with marketing expertise and heritage in pharmaceuticals that prioritises product efficacy and quality to meet consumers' healthcare needs. As a renowned healthcare brand operator in Hong Kong, the Group carries a wide-ranging portfolio of branded healthcare products comprising branded medicines, proprietary Chinese medicines, and health and wellness products, which include well-recognised household brands such as Po Chai Pills, Ho Chai Kung Tji Thung San, Contractubex, Mederma for Kids, Tong Tai Chung Woodlok Oil, Flying Eagle Woodlok Oil, Saplingtan, Shiling Oil and Konsodona Medicated Oil. JBM Healthcare has been a constituent stock of the MSCI Hong Kong Micro Cap Index since 27 May 2021. For more details about JBM Healthcare, please visit: www.jbmhealthcare.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
HONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - Beijing Fourth Paradigm Technology Co., Ltd. (“Fourth Paradigm” or the “Company”, Stock Code: 6682.HK) announced its core business update for the period ended September 30, 2024. The Company achieved a revenue of RMB3.2 billion in the first three quarters of this year, marking a 26.1% year-on-year increase. The gross profit reached RMB1.4 billion, showing a 12.5% year-on-year growth.The company's core business, the Sage AI platform, has shown significant growth, generating a revenue of RMB2.2 billion, representing a year-on-year increase of 50.2%. According to data from International Data Corporation (IDC), a reputable international research institution, Fourth Paradigm has consistently ranked first in the machine learning platform sector in China in terms of market share for six consecutive years.The Company continues to enhance key capabilities within the Sage AI platform, such as AI Agent and GPU resource pooling, and has successfully achieved end-to-end capabilities in computing power, platform infrastructure, model development, and application deployment. Through the "Sage Inside" model, Fourth Paradigm has efficiently developed over 40 artificial intelligence products, significantly expanding the boundaries of industrial ecosystems and empowering various industries with artificial intelligence applications.In the first three quarters, Fourth Paradigm has seen a continual improvement in customer service depth and user engagement. The Company has focused on industries such as transportation, energy and power, finance, and telecommunications, with a total of 224 corporate users, including 98 lighthouse users. On average, lighthouse users, namely Global Fortune 500 companies and publicly listed companies, contribute approximately RMB14.9 million in revenue.The core business grew by 50.2%, with the "Sage Inside" model and 40 AI products driving long-term growthThe Fourth Paradigm Sage AI platform serves as the nucleus of all operations of the Company. In the first three quarters, the industry-leading large model development and management platform, "Sage AI Platform 5.0", has achieved end-to-end capabilities in computing power, platform infrastructure, model development, and application deployment. The AI platform continues to optimize key capabilities such as AI Agents, GPU resource pooling, and unified model hosting. It also integrates generative AI with various ecosystem products and solutions to advance the deployment of generative AI.For instance, AI Agent has enhanced the precision of complex reasoning and execution, covering the entire lifecycle from large model Agent design, development, commissioning, deployment, operational analysis, to self-learning optimization, providing a stable and reliable support for Agent production applications. Additionally, the Company has further improved AI Coding products in terms of enterprise-side product functionality and application effectiveness, thus reducing development barriers, enhancing code development efficiency, and transforming enterprise software interaction methods to scale up AI application development.The Company continues to innovate AI business application models, scaling the construction of AI products applicable to various scenarios through the "Sage Inside" model. As of September 30, 2024, under this model, the Company has developed over 40 AI products, including solutions like intelligent mouse solution, intelligent meeting solution, vGPU, AI Data Foundry, large model toolchains, the integrated platform "Tianshu" for search, advertising and promotion, Model Hub for large model hosting, intelligent number query, AI digital human video generation platform, Smart Archive 2.0 for document digitization management, AI+5G video marketing, AI quality inspection systems, 3D scanning and modeling devices, and many more. These AI products have been widely applied in enterprises, expanding the industry coverage of the Sage AI platform and providing long-term growth impetus for the Company's future business development.AI Agent empowers multiple solutions, scaling the development of industry large models with demonstrative significanceDuring the period, Fourth Paradigm further expanded the coverage and penetration of its technology and products across multiple industries and scenarios. In terms of product feature iterations, the Company integrated AI Agent capabilities into AIGS Builder, AIGS CodeX, and various intelligent hardware solutions, enabling products to achieve more complex reasoning and execution capabilities. Moreover, the AI Agent based on reinforcement learning technology has formed a self-learning loop, where the more users engage with it, the stronger the model's reasoning and execution capabilities become.During the period, the Company collaborated with lighthouse users to jointly create a set of industry-leading large models with demonstrative significance, accelerating the widespread application of AI technology across various industries.In the field of transportation, the Company partnered with a globally leading port group to build a large model for port supply chain management, providing intelligent capabilities for the transformation of comprehensive port supply chain services and promoting sustainable applications of large models in the port and maritime industries and related businesses. For academic translation, the Company collaborated with Modern Press to establish the first professional publishing large model in China, elevating the translation quality of large models to academic publication standards. Compared to general-purpose large models in professional book translations, this large model showed an improvement of over 30% in BLEU (BLEU: a mainstream evaluation standard for machine translation, primarily assessing translation quality by comparing the similarity between machine-translated results and human reference translations), meeting the high-accuracy translation demands of academic verticals. Copyright 2024 ACN Newswire via SeaPRwire.com.
