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Timo - Vietnam's Pioneering and Leading Digital Bank - Appoints Executive Chairman and New CEO
HO CHI MINH CITY, Vietnam, Oct. 3, 2022 /PRNewswire/ -- Timo Digital Bank – a pioneer in social banking and banking services in Vietnam - has announced that Mr. Henry Nguyen has been promoted to Executive Chairman. Mr. Jonas Eichhorst, Chief Financial Officer since 2021, has been promoted to CEO and will retain his position on the Board of Directors. In his new leadership role, Jonas will continue to work closely with Henry and the senior leadership team at Timo. The change also marks the two-year milestone of Timo's relaunch of service under its long-term partnership with Viet Capital Bank. As Executive Chairman, Henry will continue on working on strategy and planning as well as regulatory and external relations including partnerships and strategic alliances. In addition to Timo, Henry also serves as Chairman of Phoenix Holdings, whose portfolio holdings include strategic partners of Timo including VietCredit and Kredivo, Viet Capital Securities, and Viet Capital Bank. Timo appoints Mr. Henry Nguyen as Chairman and Mr. Jonas Eichhorst as CEO – Source: Timo Under Henry's management, Timo's re-launched platform has maintained its pioneering position as Vietnam's leading digital bank. Timo offers a full stack of banking services including ATM/Debit cards accessible across the entire NAPAS platform, Visa credit cards, and other fundamental banking services. It has innovated banking in Vietnam by relentlessly pursuing a modern, customer-centric approach to the development of its products and services. "While my work at Timo will remain unchanged and uninterrupted, I am extremely excited about Jonas' promotion to CEO. It reflects all of the hard work and leadership he has exhibited at Timo so far while also expressing the potent and high expectations we all have for him," said Henry Nguyen. Over the past 15 years, Jonas has supported the development of a wide range of high-scale products and businesses across various emerging markets. Having first joined Timo's Board in 2020, Jonas took on the CFO position in 2021 before now being promoted to CEO. As newly appointed CEO of Timo, Jonas said: "Timo has had an incredible journey since its founding seven years ago to become the most trusted digital banking brand in Vietnam. We have a unique opportunity to really set the benchmark for digital banking in a market that is quickly developing. Ultimately, our customer's success in moving, managing, growing, accessing and protecting their money drives our success."
Antalpha Enters Licensing Agreement with S&P Dow Jones Indices
SINGAPORE, Oct. 3, 2022 /PRNewswire/ -- Antalpha Capital Pte. Ltd. ("Antalpha") has signed a licensing agreement to use the S&P Cryptocurrency Top 10 Index (Singapore Close), newly launched by S&P Dow Jones Indices ("S&P DJI"), on a basis exclusive to its index fund product in the Asia Pacific, Middle East, and Africa regions. The S&P Cryptocurrency Top 10 Index (Singapore Close) seeks to track the performance of the top 10 cryptocurrencies from the S&P Cryptocurrency Broad Digital Market Index, consisting of the two largest and most liquid coins – Bitcoin and Ethereum – plus eight additional coins, weighted by market capitalization. A risk-controlled variant – the S&P Cryptocurrency Top 10 Dynamic Rebalancing Risk Control 40% Index (Singapore Close) (USD) – will also be available. The licensing agreement with S&P DJI grants Antalpha the right to use the index for Antalpha's first product, the Antalpha S&P Cryptocurrency Top 10 Index Fund. As a passively managed fund, it seeks to provide investment results that, before expenses, correspond generally to the price performance of the S&P Cryptocurrency Top 10 Index (Singapore Close). A subsequent fund will also be launched based on the risk-controlled variant. 'With growing interest in digital assets alongside increasing regulation, more emphasis has been placed on greater transparency and institutional quality products by potential investors. The licensing agreement with S&P DJI enables us to offer an investment product for professional investors to gain exposure to the growing cryptocurrency market through an index maintained by one of the most reputable brands in traditional finance' said Mr. Max Liao, Managing Director of Antalpha group. 'Moreover, as part of our goal to enhance trust for clients, we work with industry-leading advisors and regulated platforms in accordance with the highest standards.' "We are pleased to have licensed the S&P Cryptocurrency Top 10 Index Singapore Close to Antalpha to serve as the underlying index for their investment product," said Sharon Liebowitz, Head of Innovation at S&P Dow Jones Indices. "As an independent index provider, S&P Dow Jones Indices strives to strengthen transparency across all segments of the global financial market including digital assets." About the Antalpha group: The Antalpha group is a digital asset financial services provider whose business scope includes asset management, crypto lending, crypto mining financing, trading, and venture capital. Antalpha strives to be a source of reliability, trust, and innovation, enabling delivery of digital asset solutions with best-in-class service providers that adhere to exacting standards for security, regulation, and compliance. In addition to servicing family offices and high net-worth individuals, Antalpha is a trusted counterparty of institutional clients ranging from banks and corporate treasuries to cryptocurrency miners. Antalpha's website: http://www.antalpha.com Disclaimer: The S&P Cryptocurrency Top 10 Index (Singapore Close) is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and has been licensed for use by Antalpha Capital Pte. Ltd. ("Antalpha"). S&P®, "S&P 500®, US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Antalpha. Antalpha's investment product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P Cryptocurrency Top 10 Index (Singapore Close).
Model Performance Acquisition Corp. Announces Extension of Combination Period and Second Amendment to the Merger Agreement
NEW YORK, Oct. 1, 2022 /PRNewswire/ -- Model Performance Acquisition Corp. (NASDAQ: MPAC, the "Company"), a special purpose acquisition company, announced today that at its extraordinary general meeting of shareholders on September 28, 2022 (the "Meeting"), the Company's shareholders voted in favor of the proposal to amend its memorandum and articles of association, giving the Company the right to extend the date by which the Company has to complete a business combination (the "Combination Period") up to two (2) times for an additional three (3) months each time, from October 12, 2022 to April 12, 2023. In connection with the Meeting, 3,508,994 Class A ordinary shares were tendered for redemption. On September 29, 2022, the Company made a deposit of $244,100.60 to the trust account and extended the Combination Period from October 12, 2022 to January 12, 2023. Following such redemptions and the deposit, the amount of funds remaining in the trust account is approximately $23.4 million. On September 29, 2022, the Company, MultiMetaVerse Inc. ("MMV") and other named parties entered into the Second Amendment to the Merger Agreement pursuant to which the parties agreed to, among other things, the following: Extend the Outside Closing Date from September 30, 2022 to February 25, 2023; MMV to make an interest-free loan to the Company an aggregate principal amount of $525,000 in two tranches, all of which shall become repayable only at the closing of a business combination by the Company or as otherwise stipulated; Certain MMV shareholders agreed that an aggregate of 5,000,000 ordinary shares of their closing payment shares will be non-transferable and subject to forfeiture in the event that MMV fails to successfully create a new gameplay and make a public announcement regarding release of the new gameplay, whether through introduction of a new mobile game or updates to an existing mobile game within 12 months following the closing of the business combination with the Company. A Current Report on Form 8-K will be filed with the Securities and Exchange Commission. About Model Performance Acquisition Corp. Model Performance Acquisition Corp. is a British Virgin Islands company incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Forward-Looking Statements This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Bon Natural Life Limited Provides Update on Its Expansion Project
XI'AN, China, Oct. 1, 2022 /PRNewswire/ -- Bon Natural Life Limited (Nasdaq: BON) ("BON" or the "Company"), one of the leading bio-ingredient solutions providers in the natural, health and personal care industries, today announced that there will be a delay to the initial production target of Q4 2022 for its third production site – Yumen Plant to May 2023. BON has completed the building structure of the facility in May 2022 as scheduled and expected to commence around September this year. However, against the backdrop of the strict COVID-19 control protocol and prevention policies in China, the lingering logistic disruption, material and labor shortage, and domestic travel restriction have caused delay in Yumen Plant's interior outfitting, site inspection, and equipment installation. "Since we broke ground in July 2021, we at BON have worked tirelessly to advance our production expansion project." Commented Richard Hu, CEO and Chairman of BON, "We expect that Yumen Factory will commence around May 2023 to deliver near term production of fragrance compounds and bioactive food ingredients. In addition to above external factors beyond our control, possible tighter COVID-19 control protocol in winter time and the lunar New Year holiday in January are factored in the estimate of obtaining the required regulatory approval of our third production plant. We are currently working closely with local authorities to accelerate the construction progress, and we believe that Yumen Plant will mark a significant milestone in our growth in due course during this challenging environment." About Bon Natural Life Limited The Company focuses on the manufacturing of personal care ingredients, such as plant extracted fragrance compounds for perfume and fragrance manufacturers, natural health supplements such as powder drinks and bioactive food ingredient products mostly used as food additives and nutritional supplements by their customers. For additional information, please visit the Company's website at www.bnlus.com. Safe Harbor Statement This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the natural, health and personal care market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: Maggie Zhang | Impact IR Sophie Zhang | Impact IR Phone: (646) 893-8916 Phone: (917) 830-5219 Email: email@example.com Email: firstname.lastname@example.org
Dogness Reports Financial Results for Fiscal Year Ended June 30, 2022
Highlights for the Fiscal Year Ended June 30, 2022 11.5% Revenue Increase YoY to $27.1 Million 73% Increase YoY in Sales of Intelligent Pet Products 100% Increase YoY in Income Per Basic and Diluted Share 241% Increase YoY in Balance of Cash and Short-Term Investments PLANO, Texas, Oct. 1, 2022 /PRNewswire/ -- Dogness (International) Corporation ("Dogness" or the "Company") (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced its audited financial results for the fiscal year ended June 30 2022. Silong Chen, Chairman and Chief Executive Officer of Dogness, commented, "We continue to benefit from our priority focus of resources on the production and promotion of sales of our higher margin intelligent pet products. With both our existing models and the newly launched models of our smart products, we delivered a 73% increase in sales of our intelligent pet products in the fiscal year ended June 30, 2022, compared to the year ago period. We also continue to upgrade our production lines for traditional pet products to improve the productivity and lower the production costs. This has allowed us to lower our average unit selling price for our traditional pet products, while still maintaining desirable profit margins. Our sales strategy for traditional pet products has helped us to successfully retain our customers and attract new customers, which we have leveraged to increase awareness for our intelligent pet products. To mitigate the impact caused by COVID-19, we expanded our sales channels to more proven online shopping platforms, such as Amazon, Chewy, JD, Tmall, Costco.com, QVC.com and the live streaming sales platforms hosted by influencers, as well as maintaining the existing online and instore channels. These ecommerce sales normally have higher profit margin than traditional sales channels." "With the continued strong demand and pet culture growth in China and worldwide, more and more young consumers have become pet owners. Dogness is well positioned to benefit from this growth, which is serving as a sales catalyst for our intelligent pet products, including App-controlled smart pet food feeders, pet water fountains, pet tracking devices and smart pet toys. In addition, our sales and distribution channel has been further diversified due to the rapid change of technology and lifestyle. Younger generations are more tech savvy and more willing to purchase products from popular online shopping sites, including Amazon, Chewy, JD, Tmall and Taobao, and from live streaming sales platforms hosted by influencers. As a result, we strategically increased our marketing activities and sales efforts in the domestic market, especially on those online shopping sites and channels." "As we look forward we are even more excited about our growth potential led by our continued development of innovative, differentiated pet products and services, which allow us to build strong relationships with our customers, build brand loyalty, enhance our market position, increase transaction size and further enhance operating margins. Taken together, we believe Dogness is on track to further improve our sales, profitability and return on investment for our stockholders in the near future." Financial Results for the Fiscal Year Ended June 30, 2022 Revenues increased by approximately $2.8 million, or 11.5%, to approximately $27.1 million for the year ended June 30, 2022, compared to $24.3 million in the year ended June 30, 2021. The increase in revenue was primarily attributable to the increased sales of the Company's intelligent pet products, which have much higher average selling price than our traditional pet products. Revenue from the Company's intelligent pet products increased by approximately $5.7 million or 73.0%, from approximately $7.8 million in fiscal 2021 to approximately $13.5 million in fiscal 2022, primarily reflecting a higher selling price and increased sales volume. Revenue from traditional pet products decreased by approximately $2.9 million or 20.2% from approximately $14.3 million in fiscal 2021 to approximately $11.4 million in fiscal 2022, primarily reflecting a decreased average selling price per unit. Total sales in international markets increased by approximately $3.9 million or 36.8% to $14.5 million in the year ended June 30, 2022 from approximately $10.6 million in the year ago period. Domestic sales decreased by approximately $1.1 million or 8.3% from approximately $13.7 million in the year ended June 30, 2021 to approximately $12.6 million in the year ended June 30, 2022. The Company has seen a sharp increase in consumer demand in the U.S., Australia, Japan and other Asian countries because of the stimulus plan and the strong recovery of the economy. Sales to the U.S. increased by approximately $2.0 million or 32.4% to approximately $8.0 million in the year ended June 30, 2022 from approximately $6.0 million for the year ended June 30, 2021. Sales to Japan and other Asian countries and regions market increased by approximately $1.7 million or 131.0% to approximately $3.0 million for the year ended June 30, 2022 from approximately $1.3 million for fiscal 2021. Cost of revenues increased by approximately $1.8 million, or 11.8%, from approximately $15.2 million in the year ended June 30, 2021 to approximately $17.0 million in the year ended June 30, 2022. Gross profit increased by approximately $1.0 million or 10.7%, to approximately $10.1 million in the year ended June 30, 2022 from approximately $9.2 million in the year ago period due to the continued upgrading of the Company's production lines for both traditional and intelligent pet products, which led to improved productivity and lower production costs. Overall gross profit margin was 37.4% for the year ended June 30, 2022, as compared to 37.6% for the year ended June 30, 2020. Net income attributable to Dogness increased to $3.2 million or $0.10 per basic and diluted share for the year ended June 30, 2022 , compared to $1.5 million or $0.05 per basic and diluted share for the year ended June 30, 2021. The Company recognized a $3.2 million foreign currency translation loss for the year ended June 30, 2022, compared to a gain of $4.9 million in the year ago period. The Company had a balance of cash and short-term investments of approximately $16.7 million as of June 30, 2022, compared to approximately $4.9 million as of June 30, 2021. About Dogness Dogness (International) Corporation was founded in 2003 from the belief that dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness' technology simplifies pet lifestyles and enhances the relationship between pets and pet caregivers. The Company ensures industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which has resulted in over 200 patents and patents pending. Dogness products reach families worldwide through global chain stores and distributors. For more information, please visit: ir.dogness.com. Forward Looking Statements No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers' businesses and end purchasers' disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China and the U.S., our ability to attract and retain highly skilled professionals, client concentration, industry segment concentration, reduced demand for technology in our key focus areas, our ability to successfully complete and integrate potential acquisitions, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. DOGNESS (INTERNATIONAL) CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 2022 2021 2020 For the Years Ended June 30, 2022 2021 2020 Revenues- third party customers $ 24,882,618 $ 23,112,435 $ 18,261,707 Revenues – related parties 2,212,579 1,207,686 909,651 Total Revenues 27,095,197 24,320,121 19,171,358 Cost of revenues – third party customers (15,654,952) (14,501,166) (16,146,856) Cost of revenues – related parties (1,301,180) (663,742) (633,132) Total cost of revenues (16,956,132) (15,164,908) (16,779,988) Gross Profit 10,139,065 9,155,213 2,391,370 Operating expenses: Selling expenses 2,077,174 1,815,771 2,336,229 General and administrative expenses 6,742,687 4,941,036 5,746,812 Research and development expenses 917,227 540,613 1,528,062 Loss from disposal of property, plant and equipment 327,921 - 1,036,304 Impairment of fixed assets - - 281,680 Impairment loss of investment in equity investees - - 177,750 Total operating expenses 10,065,009 7,297,420 11,106,837 Income (loss) from operations 74,056 1,857,793 (8,715,467) Other income: Interest income (expense), net (370,108) (264,408) 15,560 Foreign exchange transaction gain (loss) 246,211 (228,260) 214,171 Other income, net 115,016 215,233 23,937 Rental income from related parties, net 173,089 354,968 89,411 Gain from disposition of a subsidiary - 5,162 - Total other income 164,208 82,695 343,079 Income (loss) before income taxes 238,264 1,940,488 (8,372,388) Income taxes benefit (expense) (2,777,868) 641,460 164,537 Net income (loss) 3,016,132 1,299,028 (8,536,925) Less: net loss attributable to non-controlling interest (219,427) (213,336) (95,366) Net income (loss) attributable to Dogness (International) Corporation 3,235,559 1,512,364 (8,441,559) Other comprehensive income (loss): Foreign currency translation income (loss) (3,203,448) 4,879,315 (1,896,934) Comprehensive income (loss) (187,316) 6,178,343 (10,433,859) Less: comprehensive loss attributable to non-controlling interest (230,583) (161,701) (98,635) Comprehensive income (loss) attributable to Dogness (International) Corporation $ 43,267 $ 6,340,044 $ (10,335,224)
The 132nd Canton Fair to open online on October 15 featuring larger scale and upgraded services
GUANGZHOU, China, Sept. 30, 2022 /PRNewswire/ -- The 132nd China Import and Export Fair, also known as the Canton Fair, will open virtually on October 15, 2022. To better serve global buyers, the latest edition of Canton Fair will expand the scope of exhibitors, open for longer time and enrich online functions. Leveraging its updated online exhibition and services, the show will provide a platform of trade cooperation for global businesses in its 50 exhibition sections covering 16 product categories. 35000 Exhibitors gathered online The 132nd Canton Fair has enlarged the scale of the exhibition and included more quality exhibiting companies. In addition to the original 25,000 exhibitors, another 10,000 have applied for online exhibition. These companies gathered represent the best of China's manufacturing, offering various choices for global buyers. These 10,000 "new faces" include "little giant" enterprises specialized in niche sectors, hi-tech enterprises, and manufacturing single champion enterprises. Extended service time Held online since its 127th edition due to Covid-19, the Canton Fair online platform has featured 10-day display. Another highlight of the upcoming Canton Fair is a longer service time, including 10 days for exhibitors' live-streaming, scheduling appointment and negotiation, and 5 months for online display, instant communication, matchmaking, and other services. That is, online exhibition-related services for Canton Fair will be available from October 15 through March 15 of 2023. Meanwhile, more improved online functions will feature the upcoming Canton Fair. Efforts will also be made to optimize the entire supply chain and trade matchmaking. Freight, warehousing and finance suppliers are invited to participate and provide guarantee for enterprises to complete the trade cycle. Over 130 cross-border e-commerce pilot zones and 5 e-commerce platforms will also join the Fair for a synergy of diverse trade models and activities. China Import and Export Fair was founded in the spring of 1957. Held in Guangzhou every spring and autumn as world's largest offline exhibition, it is hailed as the barometer or wind vane of China's foreign trade. Related Links: https://www.cantonfair.org.cn/en-US/register/index#/foreign-email?utm_source=rwyx
Redefine Food and Hospitality - FHC 2022 will be held concurrently with Hotelex Shanghai 2022 in November
SHANGHAI, Sept. 30, 2022 /PRNewswire/ -- If 2020 and 2021 are years that emphasize uncertainty, 2022 will be the year that the catering, foodservice industry focus on new and ingenious solutions to multifaceted challenges. FHC aims to fully covered with the industry in more comprehensive way as the leading trade show. Meanwhile FHC 2022 will be held concurrently with Hotelex Shanghai 2022 in 8-10 November at Shanghai New International Expo Centre (SNIEC). Both trade shows are organized by Shanghai Sinoexpo Informa Markets International Exhibition Co. Ltd. FHC Shanghai - Global Food Trade Show has always been the preferred platform for international food and beverage brands to enter the China's market, which is the professional platform in the filed of food and catering. It has accumulated more than 50+ countries and regions' exhibitors and professional visitor resources, with an exhibition scale of more than 200,000 square meters, serving nearly 3,000 exhibitors over past 26 years. At the same time, the last edition of Hotelex Shanghai was a remarkable work which attracted 211,962 professional visitors in 2021, it has increased 33% from 2019. A total of 2,717 foreign visitors from 103 countries and regions attended the fair. A consumption boom is emerging right now to 2022, it is also the big year for 26th FHC and 31st Hotelex. 【New trip will start in November】 From November 8-10, 2022 at Shanghai New International Expo Centre (SNIEC), there will be more than 3,000+ exhibitors from 50+ countries and regions in Meat, Seafood, Bakery & Light food, Coffee & Tea, Sweets & Snacks, Chocolate, Condiments & oils, Beverage, Dairy, Kids food, packaging & design, Hot pot ingredients & supplies and 3,000+ quality exhibitors from the industry, including canned foods and raw materials, will bring 100,000+ exhibits, together with more than 30 events and forums in FMCG of Catering, Coffee & Tea, Cooking & Baking and other professional fields, presenting a high-quality ceremony for the industry. 【Brilliant prospects of FHC and Hotelex events】 The FHC China International Culinary Arts Competition has come to its 24th year. The competition is organized by Shanghai Sinoexpo Informa Markets International Exhibition Co., Ltd. which has obtained the official certification of World Association of Chefs' Societies (WACS) A-level international event, and it is the only one international level event in China. The event has gotten a lot of support and attention from the industry and the community. There will be a new meat processing skills challenge and new bakery dessert items, such as Helveticrolls, Poundcake, Soufflé, Fondant au chocolat and other live production events. There will continue to hold a variety of summits on industry trends, food and beverage trends, food design and other areas on the site of FHC2022 and Hotelex 2022. Such as 2022 FHC Import and Export Meat Forum, 2022 China Sustainable Seafood Summit, 2022 FHC Global Dairy Forum, 2022 TPCC New Catering Dessert Baking Innovation Forum, 2022 Future Food Shanghai International Food Design Summit, 2022 Prepared Foods Industry Forum, The 3rd World Takeout Industry Conference, 2022 China Canned Food Technology Progress and Innovation Development Forum, 2022 FHC Business Match-making and so on. (The specific time to be determined. For more details, please click: https://www.fhcchina.com/en/) 【Last chance to get involve in the fair. Join us right now】 International pavilions will gather high-quality enterprises from many countries and regions together to witness magnificent trade show. Participants from Canada, the United States, Japan, South Africa, Belgium, Denmark and South Korea pavilions have exhibited FHC2022, they will bring visitors Food, Beverage, Meat product, Dairy, Beer, Olive oil, Spices and other products with their local characteristics. FHC and Hotelex welcome international pavilions from all over the world who providing rich product procurement from overseas and business cooperation opportunities for domestic catering enterprises, imported food distributors and agents. Let's enjoy the trip and meet in November. Ordering Booth:Alex NiTel: +86 21 3339 2242Alex.Ni@imsinoexpo.com Media & Visitor Consulting:Lizzy ChenTel: +86 21 3339 2566Lizzy.email@example.com
UNIONPAY THAILAND WELCOMES & STANDS READY FOR INTERNATIONAL VISITORS
UnionPay enabled over 400K QR Code terminals at merchants in Thailand to cater to Asian consumers' changing payment habit. BANGKOK, Sept. 30, 2022 /PRNewswire/ -- Since 1 July, Thailand has gradually lifted restrictions to welcome international travelers back to the Kingdom. In preparation for the return of visitors, UnionPay International (UPI) has continuously strengthened its merchant acceptance and service capabilities to bring about a more seamless payment experience for these tourists and business persons. When Hong Kong Special Administrative Region (SAR) announced relaxed hotel quarantine period in September 2022 for residents returning to the territory, Bangkok has emerged as the top travel destination for Hong Kongers according to reports. Online flight searches out of Hong Kong SAR rose close to 300% after the announcement. This was unsurprising given that Thailand was always a popular vacation choice for Hong Kongers and Macanese people pre-pandemic. What changed, during the pandemic, was payment habits. Industry research showed that Covid-19 has accelerated the adoption of digital wallets in Hong Kong SAR, with digital wallets expected to surpass credit cards as the most popular electronic payment method in Hong Kong by 2025. Scanning UnionPay QR Code for payment is becoming more popular for residents in Hong Kong SAR and Macau SAR, with close to 2.7 million cards bound to wallets in these regions that have been enabled to scan UnionPay QR Code. In fact, the trend towards mobile payment adoption is not unique to these regions, but also seen in other parts of Asia, alongside the accelerated adoption of smart phones in this region, with 13 wallets launched in Asia in 2022 alone that supports UnionPay QR Code. To cater to the changing habits of travelers from Hong Kong SAR, Macau SAR, and Asia, UPI has been enabling merchants in all categories across Thailand for UnionPay Quick Response (QR) Code acceptance. From January to September 2022, close to 50,000 QR Code terminals have been added to UnionPay's merchant acceptance network in Thailand, including merchants in Retail, Food & Beverage, Supermarket, Convenience Stores, Cinema, Airport, and more. Travelers in Thailand can now conveniently scan UnionPay QR Code for payment at popular tourist brands like Central Department Store, Emporium, KOI Thé, Lawson108, Starbucks, Tesco Lotus, and at over 400,000 UnionPay QR Code terminals all over the Kingdom. Besides UnionPay QR Code, visitors to Thailand can also enjoy seamless cashless payment with their UnionPay cards as they shop, dine, and enjoy the sights, sounds and experiences in the Land of a Thousand Smiles, including at tourists favorites like Big C, Dairy Queen, Gourmet Supermarket, McDonald's, Siam Paragon and more. "Payment experience emphasizes speed, precision, security and seamlessness, among others. Thus we fully understand that it's a hassle for travelers to carry foreign currency when abroad, not to mention that they want to reduce usage of fiat currency filled with germs and bacteria, even with the pandemic mostly behind us. We welcome visitors from Hong Kong SAR, Macau SAR and other markets to enjoy fast, seamless and secure payment experience with UnionPay when they immerse into Thai delectable cuisines, pristine beaches and wonderful hospitality. With abundant tourism resources and a populace that welcome international visitors, Thailand should quickly reclaim her status as one of the most visited nations globally," said Michael Shang, Thailand Country General Manager of UnionPay International. To further enhance the payment experience for inbound travelers, UnionPay has collaborated with Central Department Store, Central Pattana, and The Mall Group to offer privileges and offers for these customers. For more information on UnionPay International in Thailand, visit https://www.unionpayintl.com/th/. About UnionPay International UnionPay International (UPI) focuses on the international business of UnionPay, a global payment network that serves the world's largest Cardholder base. With over 64 million merchants and around 2.9 million ATMs accepting UnionPay in 181 countries and regions, as well as 45 markets globally accepting UnionPay Quick Response (QR) Code, UnionPay is one of the fastest-growing payment networks in the world. As a company with a global acceptance network and a wide range of world-class payment services, UnionPay is committed to providing access to value and secure payment solutions that are tailored to the needs of the local market, to enable choice and ease of payment for consumers and businesses alike. In Southeast Asia, UPI has enabled ATM, POS acceptance, card issuance and e-wallets across all 10 countries. In Thailand, a wide range of UnionPay Cards and several apps are enabled to scan UnionPay QR Code, including Bewallet and K PLUS, the number one mobile banking app in Thailand. For more information on UnionPay Thailand, visit https://www.unionpayintl.com/th/.  https://www.lifestyleasia.com/bk/travel/destinations/hong-kong-travel-bangkok-popular-destination/  https://finance.yahoo.com/news/hong-kongs-digital-wallets-online-093000268.html
Daesung SmartHive's new product Plasma Ozone Beekeeping Storage, Hornet Trap is released.
"We will solve bee farm pests and wasp damage with SMARTHIVE products." SEOUL, South Korea, Sept. 30, 2022 /PRNewswire/ -- Products have been released to minimize damage to domestic and foreign beekeepers, such as Varroa mite, small hive beetles, and wasps (long-lived wasps, black wasps), which caused great damage to the beekeeping industry. Plasma Ozone Beekeeping Storerage , Hornet Trap , Hive Controller Daesung SMARTHIVE, a beekeeping automation device company, announced on the 29th that it is resonating with the beekeeping industry by releasing new products such as plasma ozone storage and Hornet Trap. The Plasma Ozone Beekeeping storeroom and Hornet trap products were installed first at beekeeping farms in Korea completing empirical tests and verifying productivity and technology. Plasma ozone beekeeping storeroom is an eco-friendly technology that dramatically improves the effect of sterilization, disinfection, and odor removal, and can effectively remove bacteria, viruses, and harmful substances by storing contaminated objects inside the storage. Existing beekeeping farms incinerated beehives when pests and diseases such as Varroa mite occurred in beehives, but using plasma ozone beekeeping storage, beehives can be recycled without incineration. In addition, the product is an eco-friendly product such as reducing carbon dioxide generation. Plasma ozone technology applied to storage can continue to produce uniform effects such as odor removal and air purification as the product operates, so it can be widely used not only bee farms but also for sterilization and odor removal in livestock farms. The hornet trap is an eco-friendly product that does not use separate incentives such as fermented liquids. The existing wasp capture does not selectively attract wasps, and the function of attracting and killing all insects around the catcher is causing great damage to the insect ecosystem. When installed at the entrance of the hive, the hornet trap used the habit of wasp following honeybees. Wasps that enter the trap are trapped in the capture frame due to their habits, and honeybees can enter the hive safely and freely through the honeybee passage. It is possible to reduce the cost of labor and other pest control products because they do not have to live directly in bee farms and remove wasps one by one. Smarthive's long-selling product, the Hive controller, is popular with Korean beekeepers. Hive Controller is a portable smart beekeeping system that safely takes out honeycombs from beehives, brushes bees and stacks honeycombs outside beehives in approximately a minute. Meanwhile, Daesung Smarthive, signed MOUs with Spain, the UK, Uzbekistan.
Dada Now's open platform for autonomous delivery honored at logistics summit
Bing FU, General Manager of Dada Now shared insights on on-demand delivery at the Intra-City Logistics Summit 2022, held by the China Federation of Logistics & Purchasing (CFLP). Since its launch in July 2021, Dada Now's open platform for autonomous delivery has supported deliveries of over 50,000 supermarket orders. NINGBO, China, Sept. 30, 2022 /PRNewswire/ -- With the volume of offline orders shrinking and more physical stores embracing an omni-channel strategy, intra-city retail has become a red-hot topic in the industry. Today, intra-city retail is catalyzing a new ecosystem, which is mainly characterized by the online-ization of supply chains and the digitization of retailers' whole-chain operations, according to Bing FU, General Manager of Dada Now, the on-demand delivery arm of Dada Group (Nasdaq: DADA), at the CFLP Intra-City Logistics Summit 2022. The boom in intra-city retail has been supported by intra-city delivery as the underlying infrastructure for fulfillment. Additionally, on-demand delivery and fulfillment capability has become a key determining factor in improving the consumer journey, increasing store capacity and growing intra-city retail coverage. Three major trends in intra-city retail fulfillment decoded Bing FU, General Manager of Dada Now shared insights on on-demand delivery. At the summit, FU shared his thoughts on the development of intra-city fulfillment: First, fulfillment is no longer simply limited to delivery. Fulfillment is more about the synergy of warehousing, order picking, packaging, package hand-over, delivery and after-sale service. Compared to the food delivery business, intra-city retail has a longer and much more complicated fulfillment chain, and requires highly robust and flexible delivery capacity during grand promotions. Hence, retailers need to improve the efficiency of each step in their daily operations to upgrade their fulfillment performance. Second, as product categories and shopping scenarios present differentiated characteristics, merchants and consumers' needs for fulfillment services are diversified. The delivery industry is rolling out customized fulfillment solutions for brands and merchants of different types and scales. Third, the booming on-demand retail business in China allows consumers to place orders for almost anything (food and drinks, fresh and raw, consumer electronics, medications, etc.) from anywhere (home, office, hotel and more), driving the business scope of intra-city fulfillment to extend to all consumer groups, all regions, all categories, and all scenarios. To address the retail industry's expectations, Dada Now has rolled out a fulfillment service system that integrates its know-how in warehousing, order picking and delivery to help improve merchants' fulfillment performance. The all-round fulfillment solution empowers retailers' warehouse management, improves order picking efficiency, and accelerates deliveries. Autonomous delivery practice praised In July 2021, Dada Group launched an open platform dedicated to making autonomous delivery services smoother and smarter. In collaboration with JD Logistics and unmanned vehicle developer White Rhino, the open platform for autonomous delivery operation is now deployed to merchant partners such as SEVEN FRESH, Sam's Club, and Yonghui, to provide one-hour deliveries for consumers' on-demand grocery orders. So far, over 50,000 orders have been processed though the autonomous delivery platform. The platform proposes a smarter solution that helps lower costs, and improves efficiency for delivery partners, thanks to its three key functionalities, which are a smart dispatching system of unmanned vehicles, a human-vehicle interaction system, and a smart order management system. In addition to providing massive delivery orders, the platform also enables its partners with digitized operation tools, and a securer delivery experience. Dada Now’s autonomous delivery service in action to deliver orders from a SEVEN FRESH store. For its efforts in driving forward the autonomous delivery, the platform was honored as an 'Exemplary Case of Innovation' at the summit. Dada Now is committed to becoming a new infrastructure for intra-city retail, said FU at the event. "In the future, we will continue to give full play to our digital capabilities, empower the industry in every aspect of operation, and help partners with diverse needs to achieve the goal of 'bringing people everything on demand'."
Ping An #23 in FutureBrand Index 2022, Tops Financial Sector List
HONG KONG and SHANGHAI, Sept. 30, 2022 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:2318; SSE:601318) announced that Ping An ranked #23 in the FutureBrand Index 2022. Ping An also topped the Financial Sector list for the second consecutive year. The FutureBrand Index is derived from a unique global brand perception study of the PwC Global Top 100 Companies by market capitalization. The study is based on interviews with business leaders, decision makers and market watchers. The companies are ranked in terms of brand perception strength arising from 18 indicators, including innovation, people, respect, trust, thought leadership and inspiration. The result is a rigorous assessment of how future-proof the world's 100 most prominent companies are. FutureBrand Australia CEO Rich Curtis said this year's FutureBrand Index highlights how the strongest brands are perceived to be "moving ahead" by focusing on people's wellbeing and inspiring positive change. According to the report, it is no longer enough for companies to talk about what they plan to do, they must tangibly address the biggest challenges facing society today, such as climate change. For Ping An, this is a critical year for its cultural reshaping, strategy upgrade and transformation. Ping An is continuing to build out its "managed care model" and lay a solid foundation for long-term sustainable, healthy growth by providing customers with a "worry-free, time-saving, and money-saving" experience. Capitalizing on its "integrated finance + healthcare" strategy and digital transformation, Ping An maintained steady growth in the first half of 2022, despite the challenging international environment and the impact of COVID-19 in China. The Group achieved an annualized operating return on equity (ROE) of 20.4% in the first half of 2022, with operating profit attributable to shareholders of the parent company rising 4.3% year-on-year to RMB85,340 million. Net profit attributable to shareholders of the parent company increased 3.9% year-on-year to RMB60,273 million. Ping An also integrates sustainability into its corporate strategy. To support China's carbon peak and carbon neutrality goals, the Group upgraded its green finance initiative, including green insurance, green investment and green credit. As of June 30, 2022, Ping An's green investment and financing totaled RMB249,355 million and green banking business totaled RMB161,735 million. Premium income of environmentally sustainable insurance products totaled RMB76,971 million in the first half of 2022. Ping An also continued to deliver its Ping An Rural Communities Support program and implemented the innovative project of bringing insurance, finance, and healthcare to rural areas. Ping An cumulatively provided RMB49,720 million for poverty alleviation and industrial revitalization as of June 30, 2022. In addition to Ping An, Chinese financial brands in general have a significant presence in the FutureBrand Index 2022, including China Merchants Bank (49), China Construction Bank (53), Agricultural Bank of China (56), Industrial & Commercial Bank of China (86) and Bank of China (98). About Ping An Group Ping An Insurance (Group) Company of China, Ltd. ("Ping An") strives to become a world-leading retail financial services group. With over 225 million retail customers and nearly 668 million internet users, Ping An is one of the largest financial services companies in the world. Ping An advances intelligent digital transformation, and employs technologies to improve the quality and efficiency of its financial businesses and enhance risk management. The Company believes "Expertise Creates Value" and "Expertise makes life simple". Ping An develops the "integrated finance + healthcare" service system and builds the "finance + elderly care" and "finance + healthcare" industry ecosystems to provide professional "financial advisory, family doctor, and elderlycare concierge" services. As China's first joint stock insurance company, Ping An is committed to upholding the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchanges in Hong Kong and Shanghai. Ping An ranked 17th in the Forbes Global 2000 list in 2022 and ranked 25th in the Fortune Global 500 list in 2022. For more information, please visit www.group.pingan.com and follow us on LinkedIn - PING AN.
7th AFMAM 2022 Galvanises Youth Addresses Challenges Together
The 7th ASEAN Foundation Model ASEAN Meeting 2022 invites 94 student delegates from across ASEAN to grow appreciation for ASEAN diplomacy and build their competencies through immersive, virtual-based role-playing and meeting simulations. PHNOM PENH, Cambodia, Sept. 30, 2022 /PRNewswire/ -- The ASEAN Foundation in collaboration with Paññāsāstra University of Cambodia, U.S. Embassy, and AmCam Exchange organised today the opening ceremony of the 7th ASEAN Foundation Model ASEAN Meeting (AFMAM) 2022 in Phnom Penh, Cambodia. The programme ran virtually from 16 to 18 September and 24 to 25 September, involving 94 student delegates from across ASEAN. As in the previous outings, the overarching focus of the 7th AFMAM 2022 revolves around the theme of Cambodia's ASEAN Chairmanship, which is ASEAN A.C.T.: Addressing Challenges Together, highlighting ASEAN's spirit of collectivism as a single community and the shared commitment in addressing and overcoming difficulties faced by our region. Some of the topics that raised in this year's AFMAM are ASEAN Centrality, Strengthening Competitiveness and Regional Integration, and Sustainable Development. "As an important driving force for the region's economic growth, social progress, and cultural development, youth's role nowadays is becoming even more detrimental, especially in accelerating ASEAN's recovery process from the devastating effects of the COVID-19 pandemic in the last two years. The 7th AFMAM 2022 strives to gathers dynamic, creative, and innovative youth like the 94 student delegates here to contribute insights and ideas under the spirit of cooperation, good faith, solidarity, and harmony," said Dr. Yang Mee Eng, Executive Director of ASEAN Foundation. First introduced in 2015, AFMAM aims to equip students with knowledge about how ASEAN as an inter-governmental system works as well as ASEAN's latest affairs and challenges. To achieve this, the programme employs not only carefully crafted role-playing and meeting simulation methods, but also utilises a combination of expert-led coaching sessions and insightful talk show to enrich delegates' knowledge about ASEAN. In the last five years, the programme has received over 8,000 applications, directly empowering more than 700 undergraduate students and faculty members. The Opening Ceremony of 7th AFMAM 2022 was also marked with a series of speeches delivered by the representatives of Paññāsāstra University of Cambodia, U.S. Embassy, and Ministry of Foreign Affairs and International Cooperation, Kingdom of Cambodia. The event was then proceeded by a roundtable discussion with a theme of "Strengthening Human Security and Youths as a Driving Force for Change after COVID-19," presenting speakers line-up that consist of H.E. Dr. Kol Pheng, Founding Father and President of Paññāsāstra University of Cambodia, Ms. Bic Leu, First Secretary and ASEAN Coordinator, U.S. Embassy, Cambodia, and H.E. Dr. Cheunboran Chanborey, Director General of the Information, Research and Analysis Group, Ministry of Foreign Affairs and International Cooperation, Kingdom of Cambodia. About ASEAN Foundation Three decades after ASEAN was established, ASEAN leaders recognised that: there remained inadequate shared prosperity, ASEAN awareness and contact among people of ASEAN. It was of this concern that ASEAN leaders established ASEAN Foundation during ASEAN's 30th Anniversary Commemorative Summit in Kuala Lumpur Malaysia on 15 December 1997. ASEAN Foundation is an organisation from and for the people of ASEAN. The Foundation exists because of one vision: to build a cohesive and prosperous ASEAN Community. As an ASEAN's body, the Foundation is tasked to support ASEAN mainly in promoting awareness, identity, interaction and development of the people of ASEAN. For more info about the ASEAN Foundation, visit: www.aseanfoundation.org.
X Financial Upsizes Share Repurchase Program to US$20 Million
SHENZHEN, China, Sept. 30, 2022 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, today announced the Company's board of directors (the "Board") has authorized to upsize its share repurchase program to US$20 million from US$15 million (the "Share Repurchase Program"). The Share Repurchase Program will be effective through September 2023. About X Financial X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China. The Company is committed to connecting borrowers on its platform with its institutional funding partners. With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate and provide loans to prime borrowers under a risk assessment and control system. For more information, please visit: http://ir.xiaoyinggroup.com. Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the Company's goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace's products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law. For more information, please contact: X FinancialMr. Frank Fuya ZhengE-mail: firstname.lastname@example.org Christensen In ChinaMr. Eric YuanPhone: +86-10-5900-1548E-mail: email@example.com In USMs. Linda BergkampPhone: +1-480-614-3004Email: firstname.lastname@example.org
Xiamen's improved business environment attracts investors
XIAMEN, China, Sept. 30, 2022 /PRNewswire/ -- A report from chinadaily.com.cn: Thanks to the local government's continuous efforts to optimize its business environment over the past years, the coastal city of Xiamen in East China's Fujian province has witnessed a substantial growth in business registrations this year. According to official data released by the city's administration for market regulation, a total of 98,963 new market entities were established in Xiamen in the first seven months of the year, a year-on-year increase of 16.04 percent. Official statistics indicate that as of July 31, Xiamen had 816,200 registered market entities, increasing by 9.7 percent year-on-year. Among them, 407,400 are domestic enterprises, which is an increase of 4.12 percent year-on-year, 13,357 are foreign-funded companies, an increase of 2.75 percent year-on-year, and 393,900 are self-employed individuals, a year-on-year increase of 16.5 percent. Since this year, the city's administration for market regulation has continued to deepen reforms and improve government services, in a bid to create a sound business environment, which has injected new vitality into regional economic development. The ever-improving business environment has proven to make the city become an ideal investment destination for a slew of high-tech businesses such as Tianma Microelectronics, the Swiss technology company ABB, and computer hardware manufacturer Dell. Attracted by the city's sound business environment, Tianma Microelectronics had invested a total of 100 billion yuan ($13.92 billion) in Xiamen over the past 11 years. The company has maintained the world's first market share of low temperature polysilicon smartphone panel shipments for four years in a row. It also set up an industrial chain for panel displays, with more than 50 upstream and downstream enterprises having set up shops in Xiamen. The Xiamen government has also advanced the Internet Plus Government Services initiative. Local authorities have explored and extended a number of distinctive reform measures, and both businesses and the public now enjoy increasingly better access to government services. According to statistics, online platforms can handle 98.8 percent of government business, and one-stop services are available for all things requiring administrative licensing. The digital government has been promoted to make it easier for people to start a business through a single portal. Official data showed that this year, 87.3 percent of the city's enterprises opened online, ranking first in the province. Xiamen has ranked first in the national business environment assessment for three consecutive years from 2019 to 2021.
51Talk Online Education Group's Name Is Approved and Adopted by Way of Annual General Meeting on September 30, 2022
SINGAPORE, Sept. 30, 2022 /PRNewswire/ -- China Online Education Group ("51Talk," the "Company" or "51Talk Online Education Group") (NYSE: COE), a global online education platform with core expertise in English education, today announced that, at its annual general meeting of shareholders held on September 30, 2022, shareholders of the Company adopted the following resolutions as special resolutions proposed by the Company: THAT the name of the Company be and is hereby changed from "China Online Education Group" to "51Talk Online Education Group" effective immediately, and that any one director or officer of the Company be and is hereby authorized to take any and every action that might be necessary, appropriate or desirable to give effect to the foregoing resolution as such director or officer, in his/her absolute discretion, thinks fit, including but not limited to, attendance on any filing or registration procedures for and on behalf of the Company in the Cayman Islands; and THAT the Company's Fifth Amended and Restated Memorandum and Articles of Association (the "Current M&AA") be amended and restated with immediate effect by the deletion in their entirety and by the substitution in their place of the Sixth Amended and Restated Memorandum and Articles of Association to reflect the change of the name of the Company, and that any one director or officer of the Company be and is hereby authorized to take any and every action that might be necessary, appropriate or desirable to give effect to the foregoing resolution as such director or officer, in his/her absolute discretion, thinks fit, including but not limited to, attendance on any filing or registration procedures for and on behalf of the Company in the Cayman Islands. The American Depositary Shares, each representing fifteen Class A ordinary shares of the Company, par value US$0.0001 per share, of the Company, are expected to begin trading under the new company name on or about October 3, 2022. The Company's ticker remains as "COE." Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 51Talk's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in 51Talk's filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law. About China Online Education Group China Online Education Group (NYSE: COE) is a global online education platform with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with a large pool of highly qualified teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.
ICCPP's Voice at GTNF: Technology Innovation and Digital Transformation Lead the Future of Vape Industry
SHENZHEN, China, Sept. 30, 2022 /PRNewswire/ -- On September 29th, 2022, the three-day Global Tobacco and Nicotine Forum 2022 (GTNF) with the theme of "ACCESSING INNOVATION", successfully held at the Four Seasons Hotel in Washington DC,USA. ICCPP Group, a global benchmark company in electronic atomization, was invited to participate for the first time this year, and shared on stage a series of their research results in product innovation, ceramic core technology, biodegradable materials, etc. as an industry representative. 9.29 ICCPP Group at GTNF Panel Products: Innovating for Tomorrow GTNF, founded in Rio de Janeiro, Brazil, since 2008, has always been committed to open dialogue and exchange of views among companies, investors, scientists, regulators, professionals, etc., to promote the transformation and development of the global tobacco industry. ICCPP: Five-in-one Research to Achieve Ceramic Core Technology Breakthrough In the panel discussion of "Products: Innovating for Tomorrow" held at 14:15p.m. on the last day, the representative from ICCPP Group shared their technology layout around four directions to achieve product and technology innovation, sustainable development and corporate social responsibility. While the introduction of Gene Tree, the world's first Powder-free nano-microcrystalline ceramic core, attracted great attention of the audience. ICCPP pointed out that ceramic core technology will be the key direction of the electronic atomization industry in the future, and its technical breakthroughs will be achieved mainly in 5 dimensions: 1) Harm reduction and more reassuring vaping experience. No heavy metals, rare aldehydes. 2) Excellent stability. Large-scale product advantages and good process stability. 3) Multi-layer pore and multi-layer film design. No taste decay, no e-liquid spitting. 4) Powder-free technology. No powder paste, no powder residue. 5) Atomic level bonding innovation process and longer service life. ICCPP stressed, with the expanding market of e-cigarettes, the global tobacco industry has transformed from a traditional and single market to a "traditional tobacco + novel tobacco" market, especially in developed countries. In order to cope with this, companies should build their core competitiveness with "innovation". ICCPP, a long-term practitioner in science and technology innovation, is committed to building a full category and multi-series product matrix system. Relying on four major research institutes and the high-standard Everest Laboratory, ICCPP has an important layout in atomization equipment, atomizers, HNB and other categories. ICCPP:Digital Transformation Improves ESG Practices and Leads the Industry's High-quality Development On the stage, ICCPP also shared its "digital transformation" strategy and the overall digital innovation including digital R&D, digital manufacturing, digital export and digital marketing. ICCPP implements a low-carbon office to save paper, avoids inefficient and too complicated sample production, and realizes fast R&D and delivery to bring more value to the global consumers and to lead the high-quality development of the industry. With the belief of "innovation shifts the future", ICCPP calls on the industry to deepen the innovation and application of electronic atomization and continuously upgrade the global user experience! At the same time, ICCPP hopes to empower the frontier field, integrate the industry development with the concept of openness and sharing, to build an industrial ecosystem, and to jointly devote to the innovation and change of the tobacco industry. About ICCPP Expo Preview: Unmissable Vape Expos in October, ICCPP ODM+ looking forward to your arrival ! If you are interested in the branded ODM+ of ICCPP Group, their technology, products, service and one-stop vape solutions, and wonder why they can take the e-cigarette brand circle by storm in less than a year and rapidly gained the favor and trust of many global partners, you cannot miss the two upcoming e-cigarette Expos in October,where you can communicate face-to-face with ICCPP ODM+ and create the next vape miracle together. (1) Vaper Expo UK Time： 7 - 9 October, 2022 Address: NEC, National Exhibition Center, Birmingham,UK Booth : D90 (2) VAPEXPO FR Time： 22 - 23 October, 2022 Address: 20, Avenue de la Porte de la Villette 75019, Paris, France Booth : D8
OneUniverse, a comprehensive metaverse company, successfully completed a developer conference, the 2022 ODC Asia, in Vietnam
SEOUL, South Korea, Sept. 30, 2022 /PRNewswire/ -- OneUniverse, an affiliate of YJM Games, announced on the 28th that it has successfully completed the 2022 OneUniverse Developer Conference (ODC) ASIA. 2022 ODC Asia On-Site Photo The conference in Vietnam on the 27th discussed topics of web3, such as blockchain and metaverse, and the latest development trends, such as AI. Furthermore, content related to traditional game development has been discussed. Local developers and students could sign-up for the event free of charge. The event was so popular that the tickets were sold out within the first three days of opening. In the event presentation session, executives of leading Korean game companies such as NCsoft and Krafton gave lectures on business, technology, and art. The following presentations attracted industry attention because they dealt with development know-how and behind-the-scenes stories delivered by veteran Korean developers. The rest of the session extensively discussed business and marketing experiences, visual art and its production matters, and so on. Wonjon Choi, CBO of OneUniverse, stated, "The age of metaverse is where everyone can transcend physical boundaries and barriers and communicate with one another. We aim to expand the metaverse ecosystem from Korea and Southeast Asia, the center of global development trends." He continued, "This conference allowed us to grow together by exchanging global game development trends with various talents at this conference." He concluded his statement by reaffirming the goal of ODC. "We will work hard to make ODC become Asia's largest developer conference and play an important role in fostering developer talent." OneUniverse encouraged the audience to participate with free gifts such as Samsung Galaxy Flip 4, Nintendo Switch Limited Edition, Sony Wireless Headphones About OneUniverse OneUniverse is a comprehensive metaverse company that combines Korea's largest VR developer, OneImmers, next-generation meta-human maker MSM Studio, Web3 developer Uniflow, and Bombus, Korea's No. 1 visual tech company. Putting Korea's best VR and AR (Augmented Reality) technology, it will focus on metaverse fields such as games, platforms, virtual real estate, medical care, and online conferences. [Inquiry] Minsoo Park, Team Lead, YJM Games / email@example.com