HONG KONG, Aug 26, 2024 - (ACN Newswire via SeaPRwire.com) - 23 August 2024, Q P Group Holdings Limited (“Q P Group” or the “Group”; Stock code: 1412), a paper product manufacturing and printing services provider, today announced its unaudited interim results for the six months ended 30 June 2024 (“6M2024” or the “Period”).During the Period, the Group achieved revenue of approximately HK$538.6 million, representing an increase of approximately 16.9% as compared with the six months ended 30 June 2023 (6M2023). The gross profit increased by approximately 25.1% to approximately HK$192.5 million year-on-year. The gross profit margin increased to approximately 35.7% (6M2023: approximately 33.4%). Meanwhile, net profit also significantly increased by approximately 50.9% from approximately HK$35.8 million for 6M2023 to approximately HK$54.0 million for 6M2024. The increases in both gross profit and net profit were primarily attributable to the positive effects of better economies of scale driven by the increase in revenue from both original equipment manufacturer (“OEM”) sales and web sales, as well as the continuous enhancement in operational and production efficiency. Basic earnings per share was approximately HK10.15 cents (6M2023: approximately HK6.72 cents).The board of directors has resolved to declare an interim dividend of HK3.0 cents per share for 6M2024 (6M2023: HK2.0 cents).Business ReviewDuring the Period, leveraging the consistently outstanding performance in engineering and production efficiency and quality, the Group successfully secured additional orders from its major OEM customer driven by the increasing market demand, which boosted its overall OEM sales. Meanwhile, the Group pushed forward steady business development in different product lines, which included the development of trading card game manufacturing business in the PRC. The Group’s OEM sales revenue increased by approximately 19.3% to approximately HK$438.8 million for 6M2024. (6M2023: approximately HK$367.8 million), mainly attributable to the increased demand for the Group’s tabletop game products from its major OEM customer.In respect of web sales business, the Group continued to allocate resources to online and offline marketing initiatives including digital marketing, crowdfunding and participation in overseas exhibitions. During the Period, the Group’s web sales revenue increased by approximately 7.4% to approximately HK$99.8 million for 6M2024. The number of active registered user accounts, which refers to the registered user accounts with order(s) placed on the Group’s major websites, increased from approximately 64,100 as at the end of last year to approximately 70,400 as at 30 June 2024.During the Period, the Group’s original brand manufacturer (“OBM”) business launched a number of card products and crowdfunding projects, which included card products published under brand licensing initiatives, progressively carving out the Group brand’s reputation and recognition in the relevant markets.On the operational front, the new Vietnam factory officially commenced full-scale operation during the Period, and has become a key production hub of the Group, leading to a new landscape and opportunities for the Group’s overall supply chain operation and business.ProspectsLooking ahead, the global economy is expected to continue to recover and grow in the second half of 2024, but the manufacturing industry may still face challenges amidst uncertainties such as high inflation and geopolitical volatility. The Group will continue to strive for steady business diversification and expansion as well as improvement in operational efficiency, thereby elevating its competitive advantage.In the OEM business, the Group intends to further explore the trading card manufacturing business in USA’s and European markets, so as to seize the opportunities in both domestic and foreign markets and maximise economies of scale. In the web sales business, the Group will attempt to embark on diverse marketing campaigns that put emphasis not only on customer acquisition but also the growth of existing customers. Furthermore, Q P Market Network (“QPMN”), an e-commerce platform under the Group, has initiated collaborations with enterprises in different regions to offer online solutions for product customisation. The Group looks to promote QPMN’s services to more brands and licensors with the successful cases, making a step towards the realisation of a business-to-business-to-consumer (B2B2C) model. In terms of the OBM business, the Group will actively seek collaborations with more brands and licensors and develop additional product categories and product customisation to enrich customer experience.On the operational front, the Group will stay focused on enhancing the efficiency and capacity of the new Vietnam plant, and continues to drive digital transformation and smart operations. The Group is in the process of preparation for the certification of Level 2i of Industry 4.0 maturity for the Dongguan plant, moving forward to achieve more extensive smart operations.Mr. Cheng Wan Wai, Founder, Chairman and CEO of Q P Group concluded: “While the global economic landscape continues to present headwinds such as slowing growth and inflationary pressures, we remain confident in the Group’s long-term prospects. Our solid operational and financial foundations position us well to capitalise on future opportunities. We will continue to adopt a proactive and prudent management approach, pursuing steady business expansion and driving improvements in operational efficiency. By closely monitoring market changes and swiftly adapting our strategies, we will strive to minimise the impact and delivering long-term value for our stakeholders.”– End –About Q P Group Holdings Limited (Stock code: 1412)Established in Hong Kong in 1985, Q P Group is one of the leading paper-based tabletop games and greeting cards manufacturers in the PRC, with production sites in Dongguan and Heshan in Guangdong Province, the PRC, and Phu Ly City in Ha Nam Province, Vietnam. Its principal product categories include tabletop games, greeting cards, educational items and premium packaging. Since 2010, the Group has been operating web sales businesses to provide online solutions for diversified customised paper products and gift items. Currently, the number of its active registered users has reached over 70,000.Q P Group’s major websites are:www.makeplayingcards.comwww.boardgamesmaker.comwww.createjigsawpuzzles.comwww.printerstudio.comQ P Market Network: www.qpmarketnetwork.comFor more information, please visit:https://www.qpp.comMedia EnquiriesStrategic Financial Relations LimitedVicky LeeTel: (852) 2864 4834Email: vicky.lee@sprg.com.hkPhoebe LeungTel: (852) 2114 4172Email: phoebe.leung@sprg.com.hkLinda KwanTel: (852) 2114 4951Email: linda.kwan@sprg.com.hkWebsite: http://www.sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
Riyadh, Saudi Arabia, Aug 26, 2024 - (ACN Newswire via SeaPRwire.com) - The Data Center Xpo is excited to announce the winners of the Data50 awards, which highlight the top technology leaders to watch in 2024. This year’s winners were chosen through a thorough process involving nominations, applications, data from our records, interviews, company websites, and other public sources.The Data50 awardees, known for their passion and innovation, drive impact across data analytics and emerging tech. The Data Centre Xpo transforms knowledge into actionable insights, fostering connections and partnerships. This year’s event will take place on September 3-4, 2024, at Voca in Riyadh, Saudi Arabia. This summit is a premier venue for exploring trends, networking, and engaging in sessions on data analytics, AI, and technology advancements. Join us to collaborate and discover transformative solutionsMeet the Data50 winners:Mohamed Abdeen, Head of Digital Services, Abdullah Al Othaim Investment Co.Muhammad Ghunaim, Head of BI & Analytics, Abdul Latif Jameel United Finance Company.Abdullah Rhwanjy, CITO, Abdullah Al-Othaim Markets.Rafe Ismail, Datacenter Operations Senior Manager, Ad Diriyah Gate Development Authority.Abdullah Abdulwasa, Chief Digital Officer, Al-Faisaliah Group.Yehia Taqsira, CIO, Alfaris Group.Saad Chammah, Head of Information Technology Department, Almabani General Contractors.Dr.Faisal AlNasser, Head of Enterprise Information Technology (EIT), Almarai.Abdullah Karabilo, Director of Strategy and Digital Transformation, Arabian Shield Cooperative Insurance Company.Adrian Blanck, Chief Digitalization Officer, Aramco.Ali Hummadi, VP QHSSE, ARASCO.Krish Jangal, Director of IT, ARASCO.Abdullah AlOmari, Information Technology Director & CIO, ARO Drilling.Saeed Ahmed Mughal, IT Director, Al Safwa Hospital by MajestyAbdulaziz Al-Ghufaili, Chief Technology Officer, Bank Albilad.Adel Mazen Ammari, Director of IT Operations, Cenomi Centers.Faisal Alshammari, Deputy CEO & Chief Innovation Officer, Tameeni.Nawaf Alghamdi, Director of Data and Artificial Intelligence, Council Of Health Insurance.Ghulam Murtaza, Head of Information Technology, The Coca Cola Bottling Company of Saudi Arabia.Faraz Manzoor, Head of IT & Technology, DAR Engineering.Tariq Al-Issa, Chief Information Officer, Enjaz.Ahmed Ali Larik, Head of IT Demand & Delivery and PMO, EMKANAbbas Natto, Group Chief Information Officer, Geidea.Wael Alfattani, Director of Information Technology (CIO), General Authority for Competition.Ali AlThuwaini, Director Business Intelligence, General Authority For Statistics - GASTAT.Sivakumar Seshadri, Head of Digital, General Organization for Social Insurance.Majed Shahin, Chief Technology Officer, Global Healthcare Co.Faisal Khashouf, Regional CIO Middle East & Africa, Hitachi Energy.Nasser Alamri, Cybersecurity Executive Director (CISO), Institute of Public Administration.Majed Alangari, Head of Cloud and Infrastructure, Integrated Telecom Company(Salam) Riyadh.Abdulrahman Almazroua, Manager of Cybersecurity Operations at JHAH, John Hopkins Aramco Healthcare (JHAH).Rayed Saad Altukhais, Director of Digital Excellence, King Saud Medical City.Hamad Almutairi, Head of IT and Assets, King Saud Medical City.Abdulrhman AlKhnaifer, CIO, King Saud University.Muath Aloufi, Director of Digital Transformation, King Khaled Eye Specialist Hospital.Mubarak Alshahrani, Chief Information Officer, King Saud Medical City.Mohammed Shah, IT and Smart City Director, Knowledge Economic City.Jad H Abdulsalam, VP, Cybersecurity and Digitization, Maaden.Mohammad Hazazi, IT&Sports Innovation Director, Mahd Academy.Syed Mubashir Ahmed, Head of IT & Projects Mobilization, Masah Construction Company.Naif Alharbi, Head of IT, MELSA (Mitsubishi Electric Saudi LTD).Osama Almujalli, Chief Data Officer, Ministry of Economy and Planning.Yousef Hamdan Alofey, Director of the Technical Affairs Department, Ministry of Municipal and Rural Affairs and Housing.Ahmad Mishkhas, Chief Information Security Officer,National Bank Of Bahrain.Ibrahim Al-Ammar, Chief Information Technology Officer, National Medical Care Company (NMC).Amin Aljaber, CIO, Nesma & Partners.Azwar Shah, Head of IT, Noon.Abdulrahman Alsarami, ICT Senior Director, NUPCO.Muhammad Uzair, CIO, PepsiCo.Anas Mosa, Director of Information Technology - PIF Projects, Public Investment Fund (PIF).Hala Mohammed AlSamnan, Vice President of IT Internal Audits, Riyadh Bank.Alok Srivastava, Director - IT Applications, ROSHN.Faisal Jamil, Associate Director IT & Cyber Risk, RSM Saudi Arabia.Mahmood Mubarak, Head of Technology O&M, Sahm Capital.Ali Alzahrani, Head of Cyber Security, SAMI Advanced Electronic Company.Asim Badhuralam, Director of Digital Transformation, Sanabel Alsalam for Food Manufacturing Company.Nader Alsinani, IT & Digital Services Director, Saudi Downtown Company – PIF subsidiary.Eyad Buhulaiga, Chief Data Management & Digital Strategy Officer, Saudi Electricity Company.Sayed Naser, Group IT Director, Saudi Industrial Development Company.Fahad Bin Moselekh, VP, Information Technology, Saudi National Bank.Mashari Almussaed, Digital Transformation Operations Manager, Saudi Olympic & Paralympic Committee.Ahmed Docrat, Executive Director - Digital Transformation, Saudi Tourism Authority.Saleh Alharbi, CIO, Shaqra University.Sameer Joshi, IT Director, SPIMACO.Zakir Shaikh, Group Head IT Operations, Tanmiah Food Company.Omar Albilali, CIO, Tasnee.Abdulrahman Alghabban, Director of Infrastructure & Data Center Operations, Tawuniya Riyadh.Abdullah Al-Zahrani, Director of Personal Data Protection, Tawuniya Riyadh.Eng.Syed Kareemuddin, Head of IT Infrastructure,Network & Security, The Coca-Cola Bottling Company of Saudi Arabia.Saud Alabdulaziz, Head Of Information Technology, The Financial Academy.Mohamed Fathy Zeineldin, Head of Enterprise Architecture and Data Governance, The Saudi Investment Bank.Shahzad Sultan, Director of Information Technology, U.S. Renal Care Riyadh.Abdullah Biary, Chief Information Security Officer, United Cooperative Assurance.Irfan Ul Haq, Director of Information Technology,Warehousing & Logistics Services Co LSC.Don’t miss the chance to connect and learn from the winners of the Data50 awards. This is an excellent opportunity for those eager to stay at the forefront, explore the possibilities of data analytics, or investigate the future of emerging technologies. The Data Center Xpo provides a unique platform to engage with leading experts in technology.For more information about Data Center Xpo and the Data50 awards, click on the Link.For Media Enquiries, contact:Kasturi Nayak (Sr. Marketing Executive) Kasturi.nayak@exito-e.com Enquiry@exito-e.com Exito Media Concepts Copyright 2024 ACN Newswire via SeaPRwire.com.
KUALA LUMPUR, Aug 26, 2024 - (ACN Newswire via SeaPRwire.com) - GoKardz, a new-age digital business card platform, launched its innovative solution to redefine modern networking. GoKardz, a Malaysia-based tech startup that hosted a soft launch event in Kuala Lumpur, promises to be a game-changer in how professionals manage and share their digital identities. Based on the available statistics, five million trees are cut down each year to produce business cards. And hundred billion paper business cards are printed every year, of which 88% of business cards are thrown away or lost within a week, making it is big and meaningful problem to solve. With GoKardz, users can now seamlessly connect, network, and present themselves in the most dynamic and personalized way, using a solution that is highly sustainable.Amaresh Panda, Founder of GoKardzGoKardz is not just a digital business card platform; it is a comprehensive solution for creating a distinct professional identity in the digital era, coupled with a platform-enabled services ecosystem. With GoKardz, users can seamlessly connect, network, and present themselves in the most dynamic, personalized and sustainable way. And, its platform-enabled services ecosystem is the foundation for delivering real value to business & enterprise users by offering them solutions for identity & access management, programmatic advertising & marketing solutions, job listings and an online store with exclusive GoKardz branded merchandise.Guests Downloading the GoKardz AppAmaresh Panda, the visionary founder of GoKardz, has always been passionate about leveraging technology to solve real-world problems. He envisages GoKardz to be the world’s leading platform for professional digital identity, modern networking, and opportunity discovery. He says, with ‘One Card, Infinite Opportunities’ as its tag line, the company’s mission is to revolutionize professional networking by bridging gaps, fostering collaboration, and creating opportunities for professionals worldwide through simple and user-empowering technology that is sustainable. He continues to add, ‘While there are a few other similar products in the market that offer digital cards, we have made a bold attempt to take the game to a whole new level by keeping the digital business card at the centre and curating the whole digital identity and product-enabled services ecosystem around it. I am confident it will offer tremendous added value to our users, individual as well as corporates.’ When asked about, who could benefit the most by using the GoKardz solutions, Amaresh replied, ‘While any individual or business user is welcome to experience our product, we believe entrepreneurs & business owners, professionals in sales & marketing, freelancers who need to promote their products & services, event attendees and the professionals in the recruitment & talent industry stand to benefit the most out of the current features on the platform.’GoKardz, is a venture from the venture building studio of Kuber Ventures, a Singapore-based venture studio with presence across India, Malaysia & Australia. The venture-building partnership and investment from Kuber Ventures has significantly bolstered GoKardz’s time to market, innovation capabilities & growth. With this strategic support, GoKardz will be able to enhance its technology infrastructure, expand its range of features, and improve user experience, quite rapidly. The market access provided by Kuber Ventures will also enable GoKardz to accelerate its market expansion beyond Malaysian shores as the company grows its footprint, reaching a broader audience and establishing a stronger presence in the industry.Guests with Kuber Ventures TeamAccording to Alok Kumar, the visionary Partner of Kuber Ventures, GoKardz is the first product in 2024 to be launched from our venture studio and has tremendous potential for growth. With their digital & NFC-enabled cards, tracking & managing contacts for individual as well as business or enterprise users is a breeze. On top of it, the platform also offers certain curated services specially designed for businesses and an online store with GoKardz merchandise, which will be launched soon.Karunjit Kumar Dhir, the Partner at Kuber Ventures added, with attention spans getting shorter and information overload everywhere, it is time to simplify fundamental things like managing our digital identity and the way we network or keep in touch with our friends, colleagues, business partners and professional network at large. Paper business cards are often misplaced, outdated, or discarded. For companies, paper cards mean lost control over sharing, no analytics to measure effectiveness, and the inability to update contacts in real-time, limiting their use for marketing and brand consistency. We are excited to witness the growth and engagement of early adopters on the platform, and the fact that GoKardz team has already started onboarding paying customers gives us high confidence about this latest venture from our studio this year. I am excited to start using the GoKardz mobile app and my personalised NFC-enabled card powered by GoKardz and the fact that I will never have to worry about printing or managing my paper business cards ever again.Showcasing GoKardz NFC Card and MerchandiseAbout GoKardz GoKardz is a digital business card platform dedicated to redefining professional networking. It offers a vibrant networking environment, a dynamic job platform, and various professional services, all designed to make advanced technology accessible, inclusive, and impactful. The platform supports multiple languages and provides robust customization options to reflect unique professional identities. Above all, it enables all of us in going green by adopting a more sustainable alternative than paper-based cards, which are difficult to track & maintain.For more details on GoKardz, visit our website. Join us to witness the future of professional networking with GoKardz.Experience GoKardz and redefine your professional networking by downloading our app from the following links:GoKardz for iOS: https://apple.co/3wdzhJDGoKardz for Android: https://bit.ly/3UsJvxQGoKardz: Digital Business Cards to Elevate Networking & Amplify SuccessEmpower your professional network with GoKardz digital cards. Create your digital business card, download our iOS or Android app, or get started on our web dashboard today!For more information, please contact:Email: hello@gokardz.com ; komal@mianext.comWebsite: www.gokardz.com Copyright 2024 ACN Newswire via SeaPRwire.com.
Gross Revenue surged by 34.4% year-on-year to RM36.6 million.Net Property Income increased by 33.7% to RM20.7 million, bolstered by new revenue stream from its recently acquired non-retail asset - Kolej Yayasan Saad.Strong performance across Hektar Malls with 6.4% Positive Rental Reversion and close to 90% overall committed occupancy.Announces first interim income distribution of 1.9 sen per unit together with Income Distribution Reinvestment Plan.KUALA LUMPUR, Aug 23, 2024 - (ACN Newswire via SeaPRwire.com) - Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (“Hektar REIT”) is pleased to announce the second quarter results for the financial year ending 30 June 2024 (“Q2 FY2024”), highlighting a significant improvement in financial performance driven by new revenue contribution from Kolej Yayasan Saad and effective operational management.Sabrina Halim, Chief Operating Officer of Hektar Asset Management In Q2 FY2024, Hektar REIT reported revenue of RM36.6 million, an increase of 34.4% compared to RM27.2 million in the preceding year’s corresponding quarter (“Q2 FY2023”) largely attributed to the rental income recognised from its newly acquired education asset, Kolej Yayasan Saad (“KYS”). Net Property Income (“NPI”) increased by 33.7% from RM15.5 million to RM20.7 million, and Net Realised Income surged by 42.8% to RM9.9 million in Q2 FY2024.Hektar REITSummary of Financial Results for 2Q24Q2’ 2024RM’000Q2’ 2023RM’000Variance%Total Revenue36,55727,20734.4Nei Property Income (“NPI”)20,71315,42733.7Net Realised Income9,9336,95642.8 The quarter under review saw an encouraging rental reversion rate across all Hektar Malls with overall rental reversion recorded at 6.4%. On its tenancy expiry profile, a total of 28 renewals and new tenancies were secured which make up to 3.2% of the portfolio’s net lettable area. Cumulatively, a total of 62 renewals and new tenancies representing 259,676 sf of 12.7% of its retail portfolio’s net lettable area have been completed to-date with other expiring tenancies are currently in advanced negotiations stage, on track for conclusion by year-end.Supported by the strong financial performance, the Manager of Hektar REIT has declared an interim income distribution of 1.9 sen per unit for Q2 FY2024, totalling RM13.4 million. This translates to an annualised dividend yield of 6.4% based on the closing price of RM0.595 on 28 June 2024. The Income Distribution Reinvestment Plan (“IDRP”) will be applied, allowing unitholders to reinvest their dividends into new units. Unitholders are presented with this option to enhance their investments in Hektar REIT, in alignment to Hektar REIT’s capital growth and preservation objectives.As at Q2 FY2024, the overall occupancy rate at Hektar Malls was recorded at 87.2%. On the other hand, secured occupancy rate has further improved to 89.3% with tenants committed to open their doors to customers in the coming quarters. The encouraging numbers resulted from Hektar REIT’s enhance leasing strategies, continuous Asset Enhancement Initiatives (“AEI”) together with the strong retail industry outlook for the remaining half of 2024.To further extract values from its portfolio of retail assets, the Manager’s focus remains to be on Subang Parade’s overall repositioning. Urban Agenda Design Sdn Bhd was recently appointed as the lead architect for the rejuvenation project which covers Subang Parade’s interior and exterior facelifts to be implemented over three (3) years. Urban Agenda Design Sdn Bhd is an experienced party with extensive redevelopment portfolio ranging from REX KL, Semua House, The Five and Maximin Office (PJ). The management foresees improved occupancy levels, positive rental reversions, property valuation and increase in visitor traffic post-renovation works. The project is currently at the detailed design stage with the actual works on-site targeted to commence by Q1 2025.Sabrina Halim, Chief Operating Officer of Hektar Asset Management Sdn. Bhd. commented, "The positive results derived from the successful acquisition of our first non-retail asset marks a significant milestone in our diversification strategy. This strategic move not only broadens our portfolio but also enhances our resilience against market fluctuations. We believe that diversifying our asset base with high-quality, income-generating properties will provide a more stable revenue stream and reduce our dependency on retail assets alone.”She further added, “As we move forward, we are actively exploring further accretive opportunities that align with our long-term growth objectives, ensuring that we continue to deliver sustainable and attractive returns to our unitholders. Our commitment to optimising our asset portfolio and implementing prudent capital management practices will drive Hektar REIT’s growth and position us strongly in an increasingly competitive market environment."The Manager recently announced the intention to double Hektar REIT’s portfolio size to RM3 billion by 2027. Presented by various opportunities, the Manager is carefully appraising the prospects for their financial feasibility, strength of income stream, growth potential and contribution to the portfolio’s blended returns. With a target of having a well-balanced portfolio, the Manager is focusing on its core which is underserved retail assets with value creation potential, while also eyeing for resilient assets such as education properties within the K-12 segment and light industrial properties. Meanwhile, the Manager is continuously enhancing the leasing and marketing initiatives at Hektar Malls, with pockets of minor AEIs implemented on-site to further enhance the value propositions of the shopping centres.ABOUT HEKTAR REAL ESTATE INVESTMENT TRUSTHektar Real Estate Investment Trust (“Hektar REIT”) is Malaysia’s first listed retail-focused REIT. The primary objectives of Hektar REIT are to provide unitholders with sustainable dividend income and to achieve a long-term capital appreciation of the REIT. Hektar REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 4 December 2006 and currently owns 2 million square feet of retail space in 4 states with assets valued at RM1.2 billion as at 31 December 2023. Hektar REIT is managed by Hektar Asset Management Sdn Bhd and the property manager is Hektar Property Services Sdn Bhd. Hektar REIT’s portfolio of diversified properties includes Subang Parade in Subang Jaya, Selangor; Mahkota Parade and Kolej Yayasan Saad in Melaka; Wetex Parade & Classic Hotel in Muar, Johor; Central Square in Sungai Petani, Kedah; Kulim Central in Kulim, Kedah and Segamat Central in Segamat, Johor. For more information, please visit www.HektarREIT.comFor more information or inquiries, please contact:Hektar Asset Management Sdn BhdD1-U3-10, Solaris DutamasNo 1, Jalan Dutamas 150480 Kuala LumpurMalaysia Investor RelationsTel: +603 6205 5570Fax: +603 6205 5571Email: ir@HektarREIT.comWeb: www.HektarREIT.com Copyright 2024 ACN Newswire via SeaPRwire.com.
KUALA LUMPUR, Aug 23, 2024 - (ACN Newswire via SeaPRwire.com) - EPB Group Berhad (“EPB”), and its group of companies (the “Group”), an established one-stop food processing and packaging machinery solutions provider, proudly made its debut today on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The shares opened at RM0.65 per share, representing a significant 16.07% premium over the IPO price of RM0.56 per share.Ms. Tan Poh Lin, Senior Vice President of Malacca Securities Sdn. Bhd.Mr. Fok Chuan Meng, Head of Dealing of Malacca Securities Sdn. Bhd.Mr. Stephen Chua Chee Keong, Independent Non-Executive DirectorEn. Noor Azman Bin Nordin, Independent Non-Executive ChairmanMr. Liew Meng Hooi, Deputy Managing Director of EPB Group BerhadMr. Yeoh Chee Min, Managing Director of EPB Group BerhadMs. Ooi Kim Kew, Executive Director of EPB Group BerhadMr. Khor Chai Tian, Independent Non-Executive Director of EPB Group BerhadMr. Ooi Hun Pin, Independent Non-Executive Director of EPB Group BerhadMr. Wong Yoke Nyen, Director of WYNCORP Advisory Sdn, Bhd.[L-R] EPB is listed under the stock name "EPB" with the stock code “0317”.Specialising in the design, customisation, fabrication, integration, and automation of production lines, the Group is a recognised leader in the food processing and packaging machinery industry. The Group’s innovative technologies and dedication to operational efficiency have been crucial in enhancing the quality of food processing and packaging solutions, supporting clients' environmental, social, and governance ("ESG") goals, including improving operational efficiency and product quality.The successful initial public offering of EPB raised RM40.08 million from the Public Issue, which will be allocated for the following: -RM24.60 million towards factory expansion, including acquisition of land, construction of factory, and purchase of machinery;RM3.00 million for the repayment of bank borrowings;RM8.48 million for working capital purposes; andRM4.00 million for listing expenses.En. Noor Azman Bin Nordin, Independent Non-Executive Chairman, stated: "We are deeply appreciative of the overwhelming response to our IPO. This significant occasion marks a milestone for EPB, reflecting the hard work and dedication of our team and the market's confidence in our vision and strategy. The increasing demand for automation and advanced machinery in the food processing and packaging sectors presents tremendous opportunities for us. With our listing, EPB is well-positioned to drive growth and innovation. Our plans include expanding our business footprint in Penang by building a new corporate office and a factory to enhance our production capabilities and provide additional warehousing space to meet future demand. We look forward to leveraging these opportunities to deliver greater value to our stakeholders.”Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd., shared: “The successful listing of EPB Group Berhad marks an important milestone for the company and highlights the strong prospects of the industry. The sector continues to evolve with increasing consumer demand for high-quality, efficient automated solutions for food processing and packaging. Concurrently, EPB Group’s strategic focus on technological advancements and customisation uniquely positions it to capitalise on these trends. We are excited to support EPB Group in leveraging these opportunities to drive growth and innovation in the food processing and packaging machinery industry.”Malacca Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter and Placement Agent, and WYNCORP Advisory Sdn. Bhd. is the Corporate Finance Adviser of EPB Group Berhad.About EPB Group Berhad and its group of companies (“EPB Group”)Since EPB Group Berhad (“EPB”) and its group of companies (the “Group”) inception in 1992, EPB Group has established itself as an experienced player in the food processing and packaging machinery industry in Malaysia. Starting with trading manual packaging machines, EPB Group has grown and diversified its offerings to include comprehensive solutions such as the design, customisation, fabrication, integration, and automation of production lines specifically for the food manufacturing and processing sectors. Additionally, EPB Group has expanded into trading of cellulose casings and manufacturing and trading of flexible packaging materials, enhancing its portfolio to cater to the dynamic needs of the food industry. Known for its dedication to innovation, customer-centric solutions, and operational excellence, EPB Group continues to strengthen its position in the market, driven by a commitment to advancing food processing and packaging technologies and expanding its presence both locally and regionally. For more information, visit https://epb.group/Issued By: Swan Consultancy Sdn. Bhd. on behalf of EPB Group BerhadFor more information, please contact:Jazzmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizXinyi ChingTel: +60 19-337 9099Email: x.ching@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
SINGAPORE, Aug 24, 2024 - (ACN Newswire via SeaPRwire.com) - One World International School Nanyang Campus was ranked as the Best IB school and best school for the IB Diploma Programme in Singapore this week, a reflection of the school's dedication and commitment to academic excellence based on the values of kindness.OWISThe campus also ranked among the Top three as the best British school in Singapore, and among top 4 in the best school in Singapore categories, according to findings by WhichSchoolAdvisor.com, rounding off the achievements which are updated on a weekly basis."We are thrilled to have been recognised for all the hard work and dedication put in by our fantastic team of educators and teachers," said Mr Atul Temurnikar, Chairman and Cofounder of Global Schools Group - of which OWIS is a part. "We thank our parent community for their faith in us, and for voting us to the top."The rankings were determined through detailed parent surveys that assess a range of factors including school satisfaction, academic performance, value for money, recommendation likelihood and overall sense of belonging. It also took into account survey feedback and positive changes brought about by the schools.Parents were encouraged to participate in the ongoing survey process to provide feedback and influence future rankings."Our inclusion in the list of the Best IB Schools in Singapore is a testament to our unwavering commitment to delivering top-tier education and support for our students," said Mr James Sweeney, Head of OWIS Nanyang. "We are grateful to our parents for their invaluable feedback and continued support."One World International School, which has two campuses in Singapore, is among the top IB schools in the city-state, and has achieved this prestigious position by meeting and exceeding the expectations of its parent community. The school's dedication to providing a nurturing environment where students thrive academically and personally has been highly endorsed by its families.ABOUT GLOBAL SCHOOLS GROUPGlobal Schools Group is an award-winning interconnected network of leading international schools that provides a world-class learning experience. With almost all leading international curricula including Cambridge, IB, American Common Core and CBSE among others, GSG offers one of the widest range of academic programmes available today. The network's smart personalised learning systems and empowering methods with a serious commitment to superior pedagogy and best practices have won it over 600 awards, including the recognition for the Most Awarded Network of Schools. GSG's One World International School, which has 7 international campuses, is one of the fastest growing IB schools in Asia.Contact InformationRupali KarekarDivisional Managerrupali.karekar@globalschools.com+6598734320SOURCE: Global Schools Group Copyright 2024 ACN Newswire via SeaPRwire.com.
SINGAPORE, Aug 24, 2024 - (ACN Newswire via SeaPRwire.com) - The 2nd ASEAN Battery Technology Conference (ABTC) returned and strengthened the commitment to develop a close knitted battery development ecosystem among the Southeast Asian countries. Hosted in Singapore this year by the Singapore Battery Consortium at Singapore at the Shangri-La Rasa Sentosa between 21st and 23rd August 2024.The conference is also jointly organised by the alliance of leading battery related associations in the region - the Thailand Energy Storage Technology Association, the National Battery Research Institute, the National Center for Sustainable Transportation Technology, NanoMalaysia, and the Electric Vehicle Association of the Philippines.Dr. Pimpa Limthongkul, Co-Chairman of ABTC and President of the Thailand Energy Storage Technology Association, said, "This year, we are excited to see the expansion of what we have achieved since we last gathered together last year in Bali. Our alliance has grown from three to now six battery associations in Southeast Asia and we will continue to grow in strength. Witnessing the collaborations between the battery associations, private sector and academia is a celebration of how we are moving forward together to drive innovation for a more connected and eco-friendly future in the region.”On the second day of the conference, over 250 participants and the six leading battery associations in Southeast Asia witnessed the signing of three new Memorandums of Understanding or MoUs that will further the development of batteries in the region.From L to R: Prof. Nonglak Meethong (Professor, Khon Kaen University), Mr. Larry Poon (Business Development Manager, INV CORPORATION PTE. LTD.), Dr. Rezal Khairi Bin Ahmad (CEO, NanoMalaysia Berhad), Mr. Bryan Oh (CEO, NEU Battery Materials Pte Ltd) Mr. Freddie Kim (Managing Director, SAMSUNG SDI SOUTHEAST ASIA), Dr. Sing Yang Chiam, Technical Director Singapore Battery Consortium.Three Memorandums of UnderstandingGigafactory Malaysia (GMSB) and NEU Battery Materials (NEU) to Collaborate on Lithium Battery Recycling DevelopmentThe collaboration will focus on developing “Gigafactory” level operations and manufacturing of innovative battery technologies incorporating nanomaterials for mobility and stationary applications. This collaboration is the progression of the Memorandum of Understanding (“Memorandum”) signed in Bali, Indonesia at the 2023 ASEAN Battery and Electric Vehicle Technology Conference (ABEVTC) to promote cross-country collaboration within ASEAN on battery technology.Singapore-based, NEU, who are specialists in LFP battery recycling will ensure a steady supply of recycled battery material, like lithium carbonate and other metals are made available to GMSB’s Hydrogen-Electric-Vehicle-Battery (HEBATT) Centre for performance testing. GMSB is a subsidiary of NanoMalaysia.The testing of the recycled material is to ensure their viability and sustainability within the Malaysia battery ecosystem, which would expand to localised development of a lithium battery recycling ecosystem for the ASEAN region. NEU and GMSB will facilitate this supply and development based on spent battery material being used in an end-to-end ecosystem.This will also pave the way for the exploration of a joint-development programme for improved recycling efficiency between these two companies.Gigafactory Malaysia Sdn Bhd (GMSB) and Khon Khean University (KKU) to Collaborate on Manufacturing of Cells Developed by GMSBGMSB’s and KKU’s collaboration will leverage their joint expertise and resources, with KKU acting as the outsourced manufacturer for batteries developed by GMSB. The collaboration will also provide knowledge sharing in battery testing and certification that will lead to productivity advancements at GMSB's Hydrogen-Electric-Vehicle-Battery (HEBATT) Centre in Malaysia.This Memorandum of Understanding (MoU) is an extension of an agreement signed at the 2023 ASEAN Battery and Electric Vehicle Technology Conference (ABEVTC) in Bali, which involved key organisations from Singapore, Indonesia, Thailand, Malaysia, and the Philippines.Aligned with the ASEAN Battery Network's mission, this MoU aims to strengthen battery technology development within ASEAN.Institute of Materials Research and Engineering (IMRE), Singapore and INV Corporation to collaborate on Joint Research to Develop Hybrid Battery SeparatorsA Research Collaborative Agreement will be signed between the Institute of Materials Research and Engineering in Singapore and INV to develop the next generation hybrid battery separators, which will address the challenges of safety faced by current rechargeable batteries.This collaboration seeks to play on the strengths and IPs in solid state batteries developed in Singapore. INV is headquartered in Singapore and is the largest battery separator film manufacturer in the world. Its production plants are in Sweden and Malaysia.Samsung SDI Southeast Asia ExpansionSamsung SDI, a high-performance battery manufacturer based in South Korea, opened its Regional HQ in Southeast Asia in Singapore on 19 April 2024. Samsung SDI currently has two manufacturing sites in Southeast Asia, located in Malaysia and Vietnam. To enhance customer service, the company has established two sales offices in Vietnam (December 2023) and Singapore (April 2024).Samsung SDI Southeast Asia PTE LTD (SDISEA) also announced that it will open Samsung SDI R&D Singapore (SDIRS) on 1 September 2024, during the 2nd ASEAN Battery Technology Conference (ABTC).Under its vision of making the world greener and more sustainable through innovative technology, Samsung SDI will provide its customers in Southeast Asia with PRiMX (Prime Battery for Maximum Experience) batteries and technologies in pursuit of utmost customer satisfaction.Hosting of the ABTC is rotated among the co-organisers. In 2025, TESTA will host the ABTC in Thailand.For more information on the programme agenda, please visit our official site: https://reg.eventnook.com/event/ABTC2024/homeThe conference's anchor sponsor is Hyundai Motor Group Innovation Center Singapore (HMGICS), with the gala dinner sponsored by INV Corporation Pte Ltd.Gold sponsors include Amphenol Communications Solutions, Quantel Pte Ltd, Infineon Technologies Asia Pacific Pte Ltd, and Gotion Singapore Pte Ltd, while silver sponsors are Concord New Energy Group Limited, Kewell Technology Co.,Ltd., Metrohm Singapore Pte Ltd, TME Systems Pte Ltd.Additional sponsors include Samsung SDI Southeast Asia Pte. Ltd, Siemens Industry Software Pte Ltd, UL Standards & Engagement, and NEWARE Technology Limited. Publicity partners are the EV Association of Singapore, EV Association of Malaysia, and Turn Off Turn On Ventures.Media ContactPRecious Communicationsabtc@preciouscomms.comAbout ASEAN Battery Technology ConferenceASEAN Battery Technology Conference (ABTC) stands out as the premier battery conference in ASEAN, attracting an audience of over 250 participants. We look forward to engaging with a diverse range of participants, including cell manufacturers, pack integrators, and recycling companies. The mission of ABTC is to bring together regional battery expertise, creating unique opportunities within the global battery value chain.The primary objective of ABTC is to foster collaboration among stakeholders in the battery industry. We aim to facilitate insightful discussions covering various topics, such as advanced battery materials, prototyping, cell-to-pack technologies, and recycling strategies.In addition to these focal points, the conference will explore related aspects such as standards, interoperability, and the ongoing evolution of battery safety technology.Organisers of ABTCAbout Singapore Battery ConsortiumSingapore Battery Consortium (SBC) aims to foster strategic R&D partnerships amongst public research performers and industry players in developing and advancing battery technologies. SBC aims to develop and catalyze the local ecosystem in battery-related technologies through this platform. It is hosted at A*STAR and supported by the National Research Foundation Singapore (NRF). Over the past decade, commercial interest in battery development has been on the rise, keeping pace with demand for better battery performance and different performance characteristics for increasingly complex mobility and portable devices. To meet this demand, the Singapore Battery Consortium will bring research outcomes from our laboratories into the market by enabling researchers to understand business requirements, while giving companies access to the latest battery research and technologies to augment their product development efforts.About Thailand Energy Storage Technology Association (TESTA)TESTA or THAILAND ENERGY STORAGE TECHNOLOGY ASSOCIATION aims to help connect stakeholders, educate the public, promote understanding, and nurture technological advancements in energy storage technologies in Thailand. TESTA was officially registered on January 25, 2021, by 5 founding institutes including the National Science and Technology Development Agency (NSTDA), Khon Kaen University (KKU), King Mongkut’s University of Technology Thonburi (KMUTT), King Mongkut’s University of Technology North Bangkok (KMUT-NB), and Electric Vehicle Association of Thailand (EVAT). Over 60 members of the association include energy storage technology enthusiasts from various sectors ranging from academic, research institutes, public sectors, policymakers, and private industries.About National Center for Sustainable Transportation Technology (NCSTT)The National Center for Sustainable Transportation Technology (NCSTT), or Pusat Pengembangan Teknologi Transportasi Berkelanjutan, is from Indonesia and is a unique multidisciplinary research center focused on conducting, supporting and encouraging applied engineering and technology for transportation systems in Indonesia. NCSTT has been recognized globally as the research center which aims to foster the national transportation industry in developing national economics and welfare. NCSTT has built network linkages and research collaborations with national transportation stakeholders such as automotive, railway and aircraft industries, as well as research institutions and universities.About National Battery Research Institute (NBRI)The National Battery Research Institute (NBRI) was legally established on 17th December 2020 as The Center of Excellence Innovation of Battery and Renewable Energy Foundation, with Prof.Dr. Evvy Kartini as a Founder and Prof Alan J. Drew as Co-Founder. NBRI is Indonesia’s independent institute for electrochemical energy storage science and technology, supporting research, training, and education. NBRI aims to contribute to the overall research capacity and training environment in Indonesia in Battery Research. NBRI is a platform that brings together scientists, academicians, industry partners, the government and all stakeholders that focus on battery technology. The main goal of NBRI is to encourage and support a battery manufacturing industry using local resources, which will enable Indonesia to be independent in energy. The NBRI was supported by the UK Government’s Global Challenge Research Fund (GCRF), part of the Queen Mary University of London QR allocation.About Electric Vehicle Association of Philippines (eVAP)eVAP envisions a nation wherein the use of electric vehicles is highly promoted, encouraged and supported by its government and society to develop a transportation landscape that is one with the environment ecologically and economically. eVAP’s mission is to educate the public on environmental awareness, and the economic and ecological benefits of electric vehicles through the conduct of and/or participation in promotional activities.eVAP aims to accelerate society’s conversion from using gas-powered vehicles to electric vehicles and works with the government in the creation and implementation of legislation that will support and encourage the use of electric vehicles.About NanoMalaysiaNanoMalaysia Berhad was incorporated in 2011 as a company limited by guarantee (CLBG) under the Minister of Science, Technology and Innovation (MOSTI) to act as a business entity entrusted with nanotechnology commercialization activities. Some of its roles include commercialization of nanotechnology research and development, industrialization of nanotechnology, facilitation of investments in nanotechnology and human capital development in nanotechnology. Copyright 2024 ACN Newswire via SeaPRwire.com.
ISSYK KUL, Kyrgyzstan, Aug 24, 2024 - (ACN Newswire via SeaPRwire.com) - The Ministry of Education and Science of the Kyrgyz Republic has partnered with Singapore's Marshall Cavendish Education (MCE) to introduce key training programmes and education resources to its schools throughout the country. The partnership seeks to instill key skillsets and content knowledge to strengthen teachers and students' abilities for the 21 st century.Kyrgyzstan is set to implement significant shifts in the hopes of increasing the educational quality and to increase the number of children that attend schools. The new titles by MCE will become available to over 2000 public schools and over 1.4 million students in the country. [1]Marshall Cavendish Education's English, Mathematics and Science series from kindergarten to grades 1 till 11 will soon be available in the local languages in Kyrgyzstan with its recent partnership with Okuu Kitebi Publishing House. Alongside the new syllabus and resources, MCE is set to conduct training and mentoring programmes that aim to support the Programme for International Student Assessment (PISA) competencies of teachers and students in subjects such as Mathematics and Science. Veteran educators from Singapore will present modules to help local educators and master trainers understand key concepts such as problem-solving skills and scientific inquiry, ultimately working towards inculcating a nationwide movement to achieve an improved and sustained academic performance regionally and internationally. The partnership will also include the introduction of artificial intelligence platform Cerebry, an engine and digital platform for teachers to integrate technology within their classrooms and enhance the learning experiences of the students. Unique questions and solutions are generated on demand, for each individual student.The launch of the partnership hosted at Issyk Kul, one of the deepest lakes in the world, saw more than 200 attendees who are key stakeholders in Kyrgyzstan's education ministry. It was also attended by Deputy Prime Minister Edil Baisalov, Minister of Education and Science of Kyrgyz Republic, Dogdurkul Kendirbaeva, UNICEF Representative to the Kyrgyz Republic, Samman J. Thapa and CEO, Times Publishing Limited Siew Peng Yim."In this partnership, our key goal is to provide a strong and consistent support and motivation to our educators in Kyrgyzstan. Singapore had faced tremendous challenges in its journey to achieve success in creating a world class education ecosystem. Marshall Cavendish Education will use the lessons we had learnt from the Singapore education transformation journey to provide the necessary resources and we will also tailor-made our solutions for Kyrgyzstan to help your students to achieve academic success and more importantly to build their confidence and to enjoy learning once more," shared Mr. Siew Peng Yim, CEO, Times Publishing Limited."The books published by Marshall Cavendish Education, which over its 60-year history have established collaborations with more than 90 countries and have been translated into 17 languages, are now available to us. We believe that the books they have published contributed to the journey Singapore has had with its education. After selecting, analyzing, and studying samples from many countries, we have decided to partner with MCE. We are ready to collaborate and aim for the partnership to bring Singapore educators to share their expertise on the education system" said Ms Dogdurkul Kendirbaeva, Minister of Education and Science of Kyrgyz Republic.About Marshall Cavendish EducationMarshall Cavendish Education (MCE) is a global education solutions provider dedicated to nurturing the joy of learning and preparing students for the future. We believe the best way to do so is by simplifying learning and listening to the needs of schools, teachers, students, and parents. MCE makes world-class educational content more accessible through a seamless experience that integrates both print and digital resources. We provide holistic and end-to-end solutions customised to the school's requirements, with professional development to help educators implement the curriculum. We've worked with ministries, policymakers, educators, and parents in over 90 countries, designing education solutions in 14 languages for Pre-K to 12. MCE is the only Asia-based publisher that is an endorsement partner of Cambridge International Education.www.mceducation.comFor Media Enquiries:Shahidah HamsahName:shahidahhamsah@mceducation.com[1] https://www.unicef.org/kyrgyzstan/media/8021/file/Education%20Joint%20Sector%20Review.pdfSOURCE: Marshall Cavendish Education Pte Ltd Copyright 2024 ACN Newswire via SeaPRwire.com.
Cambridge, MA, Aug 24, 2024 - (ACN Newswire via SeaPRwire.com) - Moderna, Inc. (NASDAQ:MRNA) today announced that it has received approval from the Ministry of Health, Labour and Welfare (MHLW) in Japan for a partial change application for an updated formulation of its COVID-19 mRNA vaccine Spikevax, targeting the SARS-CoV-2 variant JN.1."We appreciate the Ministry of Health, Labour and Welfare approval decision for our updated COVID-19 mRNA vaccine," said Stéphane Bancel, Chief Executive Officer of Moderna. "It is important that people are vaccinated with the latest updated COVID-19 vaccines that can protect against circulating strains. With COVID-19 vaccination becoming a routine inoculation similar to seasonal flu vaccines, individuals will be able to receive their updated COVID-19 vaccine alongside their flu vaccine this fall."In May 2024, a Japanese health ministry panel recommended that COVID-19 vaccines be updated to target the JN.1 family of Omicron subvariants for the 2024/2025 national immunization program (NIP). This guidance aligns with the recommendations from the World Health Organization (WHO) Technical Advisory Group on COVID-19 Vaccine Composition (TAG-CO-VAC) on the use of a monovalent JN.1 lineage for COVID-19 vaccine antigen composition.The NIP in Japan will offer COVID-19 vaccination to individuals aged 65 and older, as well as qualifying individuals aged 60 to 64.[1] Japan has the highest proportion of older adults worldwide, with approximately 30% of its population aged 65 and above. Given that respiratory viruses are a leading disease burden in people older than 65, NIPs are crucial in reducing the burden of disease and, ultimately, future pressure on the health system. Individuals requesting COVID-19 vaccination outside of the regular program will have the option of voluntary vaccination at their own expense.In July, Moderna entered into an agreement with Mitsubishi Tanabe Pharma Corporation to support the co-promotion of Moderna's mRNA respiratory vaccine portfolio in Japan, including Moderna's COVID-19 vaccine, Spikevax.About ModernaModerna is a leader in the creation of the field of mRNA medicine. Through the advancement of mRNA technology, Moderna is reimagining how medicines are made and transforming how we treat and prevent disease for everyone. By working at the intersection of science, technology and health for more than a decade, the company has developed medicines at unprecedented speed and efficiency, including one of the earliest and most effective COVID-19 vaccines.Moderna's mRNA platform has enabled the development of therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases and autoimmune diseases. With a unique culture and a global team driven by Moderna values and mindsets to responsibly change the future of human health, Moderna strives to deliver the greatest possible impact to people through mRNA medicines. For more information about Moderna, please visit modernatx.com and connect with us on X (formerly Twitter), Facebook, Instagram, YouTube and LinkedIn.Moderna Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: the authorization of Moderna's updated JN.1-targeting COVID-19 vaccine by the Ministry of Health Labor and Welfare in Japan; the ability of Moderna's updated COVID-19 vaccine to induce an immune response and provide protection against circulating SARS-CoV-2 variants; and Moderna's ability to supply its COVID-19 vaccine to support Japan's COVID-19 national immunization program. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna's control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading "Risk Factors" in Moderna's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and in subsequent filings made by Moderna with the U.S. Securities and Exchange Commission, which are available on the SEC's website at www.sec.gov. Except as required by law, Moderna disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on Moderna's current expectations and speak only as of the date of this press release.Moderna ContactsMedia :International mediaLuke Mircea-WillatsSenior Director, International CommunicationsLuke.mirceawillats@modernatx.comModerna JapanCommunications & Mediajapan-pr@modernatx.comInvestors:Lavina TalukdarSenior Vice President & Head of Investor Relations+1 617-209-5834Lavina.Talukdar@modernatx.com[1]Qualifying individuals include those aged 60-64 with severe cardiac, renal or respiratory impairments that significantly restrict daily activities, or those with immune deficiencies due to Human Immunodeficiency Virus (HIV), making daily life exceedingly difficult.SOURCE: Moderna, Inc. 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HONG KONG, Aug 23, 2024 - (ACN Newswire via SeaPRwire.com) - On 22 August 2024, Weichai Power (000338.SZ; 2338.HK) released its semi-annual report. According to the announcement, in the first half of 2024, Weichai Power achieved income of RMB 112.49 billion, a year-on-year increase of 6.0%; net profit attributable to shareholders of the parent was RMB 5.90 billion, a year-on-year increase of 51.4%; and net profit attributable to shareholders of the parent after deducting non-recurring profit and loss was RMB 5.48 billion, a year-on-year increase of 51.8%. At the same time, the Company announced its interim dividend payout plan for 2024, with a cash dividend ratio increased to 55%.Power System: Empowering and expanding product advantages with technology, steadily increasing market shareWeichai Power insisted on independent innovation, continuously accelerated the commercialization of scientific and technological achievements, and promoted the expansion of differentiated product advantages. It has launched the world's first diesel engine with body thermal efficiency of 53.09%, setting a new world record for four consecutive times; and launched a new generation of LNG engines, with overall improvements in power, reliability, economy, and comfort. In the first half of 2024, total engine sales volume of Weichai Power was approximately 400 thousand, representing a year-on-year increase of 9.8%. Among them, sales volume of heavy-duty truck engines reached approximately 161 thousand units, with a market share of 40.5%; market share of LNG heavy-duty truck engines reached 63.1%; and market share of 6x4 tractor-trailer engines with 500 horsepower and above reached 44.6%. Besides, the sales volume of M series engines of the Company reached approximately 3,600 units, and the product structure continued to improve, with overseas revenue accounting for 75.6%.Heavy-duty truck: Continued breakthroughs in segment markets, significant improvement in operational quality.Benefiting from the recovery of domestic demand and the gradual manifestation of China's heavy-duty truck export competitiveness, the heavy-duty truck industry has shown a trend of recovery. Shaanxi Heavy-duty Automobile continuously improves its product market competitiveness, with a focus on breaking through advantageous segment markets, achieving improvements in both production and sales scale and operational efficiency. In the first half of 2024, Shaanxi Heavy-duty Automobile sold approximately 63 thousand heavy-duty trucks, a year-on-year increase of 3.6%. Among them, sales volume of LNG heavy-duty trucks reached approximately 17 thousand units, an increase of 134.3% year-on-year; sales volume of new energy heavy-duty trucks reached 2,840 units, a year-on-year increase of more than doubling. At the same time, Shaanxi Heavy-duty Automobile has deeply explored the potential of overseas markets, with export volume of heavy-duty trucks reaching approximately 30 thousand units, a year-on-year increase of 15%, realizing the highest level in the same period in history.Agricultural equipment: Actively responding to the rural revitalization strategy, leading the industry's high-end transformation.Weichai Lovol Intelligent Agriculture focused on building three core capabilities of "smart agricultural machinery, precision agriculture, and digital agricultural services", actively promoted product transformation and upgrading, and leads China's agricultural machinery industry towards high end with its own high-quality development. In the first half of 2024, Weichai Lovol Intelligent Agriculture sold approximately 77 thousand units of various types of agricultural machinery, a year-on-year increase of 17.5%; the achievements of large-scale and high-end transformation were highlighted, with the proportion of tractors above 100 horsepower increasing by 8 percentage points year on year and the proportion of tractors above 200 horsepower increasing by 3 percentage points year on year. Weichai Lovol Intelligent Agriculture achieved revenue of approximately RMB 9.8 billion, a year-on-year increase of 28.1%, reaching the best level in the same period in history; achieved a net profit of approximately RMB 560 million, a year-on-year increase of 34.8%.Intelligent logistics: Revenue reaching a new historical high, significant increase in profitability.In the first half of 2024, Weichai Power's holding subsidiary, KION Group, achieved revenue of approximately EUR 5.74 billion, a year-on-year increase of 2%, reaching a new high in the same period in history. Among them, the forklift business achieved revenue of approximately EUR 4.31 billion, and the supply chain solutions business achieved revenue of approximately EUR 1.45 billion. Benefiting from improved operating quality and increased operational efficiency, KION Group's profitability continues to strengthen. In the first half of 2024, it achieved a net profit of approximately EUR 180 million, a year-on-year increase of 24.1%; the adjusted EBIT margin was approximately 7.8%, representing an increase of 1.6 percentage points year on year. Based on the strong development momentum in the first half of the year, KION Group has further confirmed its full-year performance outlook, defining its continued growth and positive operating expectations.In future, the Company will continue to seize the opportunities brought by the new quality productive forces and the transition from old to new drivers of growth, focus on value creation, reform deepening, layout optimization, and technological innovation, firmly promote in-depth reforms, strengthen development quality, reinforce development vitality and boost growth momentum. Changing gears and speed up to enhance growth force and gathering strength to promote development, the Company is accelerating to build a world-class company. 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