CNFinance to Hold Annual General Meeting on June 7, 2022
HH Global launches industry-leading Sustainable Procurement Framework for strategic suppliers
New Report Estimates the Metaverse Could Contribute 2.8% to Global GDP in Its First Decade
Baidu Releases 2021 ESG Report, Pledging Efforts towards a Greener Future with Technology Innovation
PABLO AIR Wins for AUVSI XCELLENCE Award
SOHU.COM REPORTS FIRST QUARTER 2022 UNAUDITED FINANCIAL RESULTS
Grand Stevie Winners Announced in 2022 Asia-Pacific Stevie Awards
Why settle for less? Malaysians complete #TheMissingHalf with Reckitt and Shopee
Blue Ocean Successfully Applied Injunction to Stop Global Cord Blood from Acquiring Cellenkos Following Cayman Islands Court Ruling
Come Celebrate Four Years of BingX With Four Weeks Of Rewards Worth over $50,000 USDT
-
JX Luxventure Limited Reported A Significant Increase in its Revenue for the Year ended December 31, 2021 (546X of 2020 Revenue)
Non-menswear business of the Company reached a revenue of US$54,040,948，an increase of 4046% from 2020 revenue of US$1,335,374 HAIKOU, China, May 13, 2022 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: LLL) (the "Company"), a company delivering comprehensive products solutions to global elite families serviced by our business customers with business segments covering menswear, cross-border merchandise and tourism, announced that it filed today annual report on Form 20-F for the fiscal year ended December 31, 2021 (the "2021 Report") with the U.S. Securities and Exchange Commission (the "SEC"). The 2021 Report can be accessed on the SEC's website at http://www.sec.gov. Ms. Sun "Ice" Lei, Chief Executive Officer of the Company commented: "At the beginning of 2021, we started the journey of our three-year turnaround strategy with the first year focusing on revenue growth. As disclosed in the 2021 Report, for the year ended December 31, 2021, the Company's total revenue increased by 446% to US$59.01 million from US$10.88 million reported by the Company for the year ended December 31, 2020. Following the acquisition of Flower Crown Holding in December of 2020, we acquired two new segments: cross-border merchandise and tourism. Those two segments business lines generated a total of US$54,040,948 revenue in 2021, which is 91% of our total revenue for the same period. I am excited about the growth of those two lines of business, which had an increase of 4046% from 2020 revenue of US$1,335,374. Flower Crown Holding made a significant investment in technology. We now have "Little L", our virtual influencer technology, which can be used across platforms operated by our business customers and received "Best Virtual Human Software Technology Service Provider" award. Virtual influencer will be the future and "Little L" is our foot step into the Metaverse. Our loss for this year mainly relates to our menswear business, which includes one-time expenses in connection with impairment for long-lived assets, bad debt provision and significant valuation allowance of deferred tax assets as well as operating loss. The loss from Flower Crown Holding is US$2,716,772. With two major contracts signed in March and April of 2022 totaling US$90,000,000, Flower Crown Holding is on track to achieve profitability in near terms. The future of JX Luxventure is Flower Crown Holding and its cross-border merchandise and tourism business. We have achieved the first-year goal of revenue growth. For our second year of the turnaround strategy, we will focus on continuing the revenue growth while improving our profit margin. We will further explore all options to mitigate the losses from our menswear business. As CEO of the Company, I am confident that we can successfully implement our three-year turnaround strategy. Today, we are honored to be a company listed on Nasdaq. In three years, we hope Nasdaq would be proud to have JX Luxventure as part of its family." About JX Luxventure Limited Headquartered in Haikou, China, JX Luxventure Limited is a company delivering comprehensive products solutions to global elite families serviced by our business customers with business segments covering menswear, cross-border merchandise and tourism. To learn more about the Company, please visit its corporate website at en.jxluxventure.com. Safe Harbor Statement This press release may contain certain "forward-looking statements" relating to the business of JX Luxventure Limited, and its subsidiary companies. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements due to a variety of factors, including those discussed in the Company's periodic reports filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
-
First High-School Education Group to Report First Quarter 2022 Unaudited Financial Results on May 17, 2022
BEIJING, May 13, 2022 /PRNewswire/ -- First High-School Education Group Co., Ltd. ("First High-School Education Group" or the "Company") (NYSE: FHS), an education service provider primarily focusing on high schools in Western China, today announced that it will release its unaudited financial results for the first quarter 2022 ended March 31, 2022, prior to U.S. markets open on May 17, 2022. First High-School Education Group's management will hold an earnings conference call on Wednesday, May 18, 2022, at 8:00 AM U.S. Eastern Time (8:00 PM May 18, 2022, Beijing/Hong Kong Time). Please dial in 15 minutes before the conference is scheduled to begin using below numbers. International 1-412-317-6061 United States 1-888-317-6003 Hong Kong 800-963976 Mainland China 4001-206115 Passcode 7478244 A telephone replay of the conference call may be accessed by phone at the following numbers until May 25, 2022. International 1-412-317-0088 United States 1-877-344-7529 Replay Access Code 2433115 A live and archived webcast of the conference call will be available on the company's investors relations website at https://ir.diyi.top/. About First High-School Education Group First High-School Education Group is an education service provider primarily focusing on high schools in Western China. The Company aspires to become a leader and innovator of private high school education in China, with the focuses on a comprehensive education management integrating education information consulting, education research project development, education talent management, education technology management, education service management, and general vocational integration development services. For more information, please visit https://ir.diyi.top/. Forward-Looking Statements Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. For Investor and Media Inquiries Please Contact: First High-School Education GroupTommy ZhouChief Financial OfficerE-mail: tommyzhou@dygz.com Customer ServiceE-mail: FHS_info@dygz.com Phone: 010-62555966 (9:30-12:00, 13:30-16:00 CST)
-
China Automotive Systems Extends Filing Date of 2022 First Quarter Report to May 23
WUHAN, China, May 13, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it has extended it's 2022 first quarter filing date to May 23, 2022. The Chinese Government's response to COVID-19 in April, 2022, resulted in several of CAAS's subsidiaries in Shengyang, Wuhu and Shanghai being locked down. As a result, the Company's finance team was delayed in accessing the financial records of these subsidiaries to complete the Company's consolidated financial statements and the Form 10-Q. At the time of this press release, the affected subsidiaries have returned to normal operations. About China Automotive Systems, Inc. Based in Hubei Province, the People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through ten Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 6 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Fiat Chrysler Automobiles (FCA) and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com. Forward-Looking Statements This press release contains statements that are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. These forward-looking statements include statements regarding the qualitative and quantitative effects of the accounting errors, the periods involved, the nature of the Company's review and any anticipated conclusions of the Company or its management and other statements that are not historical facts. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company's actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company's Form 10-K annual report filed with the Securities and Exchange Commission on March 30, 2021, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. If the outbreak of COVID-19 is not effectively and timely controlled, our business operations and financial condition may be materially and adversely affected as a result of the deteriorating market outlook for automobile sales, the slowdown in regional and national economic growth, weakened liquidity and financial condition of our customers or other factors that we cannot foresee. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise. For further information, please contact: Jie LiChief Financial OfficerChina Automotive Systems, Inc.Email: jieli@chl.com.cn Kevin TheissAwaken Advisors+1-212-510-8922 (new)+1-212-521-4050 (old)Email: Kevin@awakenlab.com
-
Ever-Glory Reports First Quarter 2022 Financial Results
NEW YORK, May 13, 2022 /PRNewswire/ -- Ever-Glory International Group, Inc. (the "Company" or "Ever-Glory") (NASDAQ: EVK), a retailer of branded fashion apparel and a leading global apparel supply chain solution provider, reported its financial results today for the first quarter ended March 31, 2022. Mr. Yihua Kang, Chairman, President and Chief Executive Officer of Ever-Glory, said, "During the first quarter, we maintained our focus on developing the retail business through our multi-brand strategy and store network optimization initiative, while improving our wholesale business by upgrading customer portfolio and enhancing our account receivables." "During the first quarter of 2022, our retail brands continue to attract new customers and retain existing customers by focusing on design, quality and value," Mr. Kang continued. "Following the remodeling or relocation of 50-100 stores during 2022, we operated a nationwide network of 848 stores as of March 31, 2022." "Looking at our wholesale business, we maintained focus on upgrading customer portfolio to reduce credit risk and improve margin in light of weak micro-environment and enhancing our account receivables. Going forward, we'll implement a stricter client evaluation system and remain diligent in our account receivables collection. We believe the enduring strength of our wholesale business will support its long-term profitability." concluded Mr. Kang. Mr. Jason Jiansong Wang, Chief Financial Officer of Ever-Glory, added, "The first quarter results, are coupled with our ability to increase operating leverage. Going forward, we remain confident in the long-term prospects of our business and we will continue implementing our margin enhancement and cost control measures to further strengthen the profitability of our business." First Quarter 2022 Financial Results Total sales for the first quarter of 2022 were $64.8 million, a decrease of 8.5% from $70.8 million in the first quarter of 2021. This decrease was primarily attributable to a 28.7% increase in our wholesale business and a 26.7% decrease in our retail business. Sales for the Company's branded fashion apparel retail division decreased by 26.7% to $34.9 million for the first quarter of 2022, compared with $47.6 million for the first quarter of 2021. This decrease was primarily due to the decrease in same-store sales. The Company had 848 retail stores as of March 31, 2022, compared with 921 retail stores as of March 31, 2021. Sales for the Company's wholesale division increased by 28.7% to $29.9 million for the first quarter of 2022, compared with $23.2 million for the first quarter of 2021. This increase was primarily attributable to increased sales in Mainland China, Hong Kong, Japan and the United States, and other European markets partially offset by decreased sales in the United Kingdom. Total gross profit for the first quarter of 2021 decreased by 22.6% to $17.4 million, compared with $22.4 million for the first quarter of 2021. Total gross margin for the first quarter of 2022 decreased to 26.8% from 31.7% for the first quarter of 2021. Gross profit for the retail business decreased by 34.8% to $11.7 million for the first quarter of 2022, compared with $17.9 million for the first quarter of 2021. Gross margin for the first quarter of 2022 was 33.4% compared to 37.6% for the first quarter of 2021. Gross profit for the wholesale business increased by 25.2% to $5.7 million for the first quarter of 2022, compared with $4.6 million for the first quarter of 2021. Gross margin for the first quarter of 2022 decreased to 19.1% from 19.6% for the first quarter of 2021. Selling expenses for the first quarter of 2022 decreased by 12.0% to $13.7 million, or 21.1% of total sales, compared with $15.5 million, or 22.0% of total sales for the first quarter of 2021. The decrease was attributable to the decreased salaries. General and administrative expenses for the first quarter of 2022 decreased by 10.9% to $7.0 million, or 10.8% of total sales, compared with $7.9 million, or 11.1% of total sales for the first quarter of 2021. The decrease was attributable to the decreased salaries. Loss from operations was $3.3 million for the first quarter of 2022,compared to $1.0 million for the first quarter of 2021. Net loss attributable to the Company for the first quarter of 2022 was $5.1 million compared with $1.2 million for first quarter of 2021. Basic and diluted loss per share were $0.34 for the first quarter of 2022 compared with $0.08 for the first quarter of 2021. Balance Sheet As of March 31, 2022, Ever-Glory had approximately $41.7 million of cash and cash equivalents, compared with approximately $56.6 million as of December 31, 2021. Ever-Glory had working capital of approximately $42.3 million as of March 31, 2022, and outstanding bank loans of approximately $69.3 million as of March 31, 2022. Conference Call The Company will hold a conference call at 8:00 a.m. Eastern Time on May 13, 2022(8:00 p.m. Beijing Time on May 13, 2022). Listeners can access the conference call by dialing +1-888-394-8218 or + 1-323-701-0225 and using the access code 1720370. The conference call will also be webcast live over the Internet and can be accessed at the Company's website at http://www.everglorygroup.com. A replay of the call will be available from 11:00 a.m. Eastern Time on May 13 through 11:59 p.m. Eastern Time on May 20 by calling +1-844-512-2921 or +1-412-317-6671 with pin number 1720370. About Ever-Glory International Group, Inc. Based in Nanjing, China, Ever-Glory International Group, Inc. is a retailer of branded fashion apparel and a leading global apparel supply chain solution provider. Ever-Glory is the first Chinese apparel Company listed on the American Stock Exchange (now named as NYSE MKT) in July 2008 and then transferred to The NASDAQ Global Market on December 31, 2015. Ever-Glory offers apparel to woman in China under its own brands "La go go", "Velwin", "idole" and "Jizhu". Ever-Glory is also a leading global apparel supply chain solution provider with a focus on middle-to-high end casual wear, outerwear, and sportswear brands. Ever-Glory services a number of well-known brands and retail stores by providing a complete set of supply chain management services, including: fabric development and design, sampling, sourcing, quality control, manufacturing, logistics, customs clearance and distribution. Forward-Looking Statements Certain statements in this release and other written or oral statements made by or on behalf of Ever-Glory International Group, Inc. (the "Company") are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and the Company's future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including, without limitation, market acceptance of the Company's products and offerings, development and expansion of the Company's wholesale and retail operations, the Company's continued access to capital, currency exchange rate fluctuation and other risks and uncertainties. The actual results the Company achieves (including, without limitation, the results stemming from the future implementation of the Company's strategies and the revenue, net income and new retail store projections set forth herein) may differ materially from those contemplated by any forward-looking statements due to such risks and uncertainties (many of which are beyond the Company's control). These statements are based on management's current expectations and speak only as of the date of such statements. Readers should carefully review the risks and uncertainties described in the Company's latest Annual Report on Form 10-K and other documents that the Company files from time to time with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. EVER-GLORY INTERNATIONAL GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands of U.S. Dollars, except share and per share data or otherwise stated) March 31,2022 December 31,2021 ASSETS CURRENT ASSETS Cash and cash equivalents $ 41,717 $ 56,573 Restricted cash 42,525 40,768 Trading securities 2,965 3,251 Accounts receivable, net 55,025 69,859 Inventories 65,013 63,841 Advances on inventory purchases 5,065 8,179 Value added tax receivable 1,296 1,693 Other receivables and prepaid expenses 6,732 6,345 Amounts due from related parties 1,308 220 Total Current Assets 221,646 250,729 NON-CURRENT ASSETS Equity security investment 5,229 5,682 Intangible assets, net 4,770 4,794 Property and equipment, net 36,838 36,340 Operating lease right-of-use assets 52,751 50,077 Deferred tax assets 202 899 Other non-current assets 1,575 784 Total Non-Current Assets 101,365 98,576 TOTAL ASSETS $ 323,011 $ 349,305 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Bank loans $ 69,300 $ 68,992 Accounts payable 50,533 67,930 Accounts payable and other payables – related parties 1,474 1,332 Other payables and accrued liabilities 13,288 18,531 Value added and other taxes payable - 999 Income tax payable 500 334 Current operating lease liabilities 44,287 41,633 Total Current Liabilities 179,382 199,751 NON-CURRENT LIABILITIES Deferred tax liabilities - - Non-current operating lease liabilities 8,628 8,596 TOTAL LIABILITIES 188,010 208,347 COMMITMENTS AND CONTINGENCIES (Note 9) STOCKHOLDERS' EQUITY Common stock ($0.001 par value, authorized 50,000,000 shares, 14,814,354 and 14,812,312 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively) 15 15 Additional paid-in capital 3,665 3,660 Retained earnings 103,121 108,210 Statutory reserve 21,245 21,245 Treasury stock (at cost,162,080 and 147,334 shares at March 31,2022 and December 31, 2021, respectively) (400) (363) Accumulated other comprehensive income 7,355 8,191 Total equity 135,001 140,958 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 323,011 $ 349,305 EVER-GLORY INTERNATIONAL GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) (Unaudited)(In thousands of U.S. Dollars, except share and per share data or otherwise stated) Three Months Ended March 31,2022 March 31,2021 NET SALES $ 64,773 $ 70,814 COST OF SALES 47,401 48,379 GROSS PROFIT 17,372 22,435 OPERATING EXPENSES Selling expenses 13,686 15,548 General and administrative expenses 6,994 7,851 Total operating expenses 20,680 23,399 LOSS FROM OPERATIONS (3,308) (964) OTHER (EXPENSE) INCOME Interest income 186 224 Interest expense (613) (492) Government subsidy 3 259 (Loss) gain from changes in fair values of investments (762) 339 Other income 517 193 Total Other (Expense) Income, Net (669) 523 LOSS BEFORE INCOME TAX EXPENSE (3,977) (441) INCOME TAX EXPENSE (1,112) (729) NET LOSS $ (5,089) $ (1,170) Foreign currency translation loss (836) (1,352) COMPREHENSIVE LOSS $ (5,925) $ (2,522) LOSS PER SHARE Basic and diluted $ (0.34) $ (0.08) Weighted average number of shares outstanding Basic and diluted 14,813,787 14,810,001 EVER-GLORY INTERNATIONAL GROUP, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF EQUITY FOR THE THREE MONTHS ENDED March 31, 2022 AND 2021 (Unaudited) (In thousands of U.S. Dollars, except share and per share data or otherwise stated)
-
Coway Announces Financial Results for Q1 FY2022
SEOUL, South Korea, May 13, 2022 /PRNewswire/ -- Coway Co., Ltd., "The Best Life Solution Company," today reported financial results for the first quarter of 2022. "Coway's stable growth despite tough market conditions reflects the successful expansion of NOBLE, our premium design appliance line," said Soon Tae Kim, chief financial officer of Coway. "We'll maintain the stable growth with innovations that create a healthy and convenient living environment ." Coway Financial Results Coway reported the following earnings: First-quarter revenue: KRW 928.0 billion (+5.6% YoY) First-quarter operating profit: KRW 172.7 billion (+1.1% YoY) First-quarter net profit: KRW 135.0 billion (+7.3% YoY) * The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement. Domestic environmental home appliance sales revenue is reported at KRW 559.5 billion led by the rise of accounts in Korea, which now total 6.56 million. The total overseas subsidiaries revenue for Q1 is reported at KRW 332.4 billion, up 13.0% YoY. The key growth driving subsidiaries, Malaysia and the USA grew their revenue to KRW 262.8 billion (+9.3% YoY) and KRW 45.8 billion (+6.6% YoY), respectively. The number of overseas accounts also increased by 29.3% year-on-year and now sits at 2.72 million. Across both global and domestic markets, Coway obtained 810,000 new accounts in Q1, and the total number now sits at 9.28 million. For additional details about Coway's financial performance, please visit the company's Investor Relations page. About Coway Co., Ltd. Established in Korea in 1989, Coway, "The Best Life Solution Company," is a leading environmental home appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, the USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.
-
Centre on Customer Needs CPIC's 31st Anniversary Board of Directors Leads Quality Development
HONG KONG, May 13, 2022 /PRNewswire/ -- As a social "stabilizer" and an economic "booster", insurance institutions have always played an important role. On May 13, on the occasion of the 31st anniversary of the establishment of China Pacific Insurance (Group) Co., Ltd. ("CPIC" or the "Company"; Stock Code: 2601.HK, 601601.SH, CPIC.LSE), in order to express his affirmation of the services of CPIC Insurance, Mr. Guo Wenrong, a customer of the Yunnan Life Insurance branch of CPIC, recently realized the dream of double climbing Mount Everest on the north and south slopes, and put the blue flag of CPIC on the top of the snow-capped mountain. He said: "As a regular customer for more than ten years, I strongly agree with CPIC's responsible, intelligent and warm service, and I want to introduce it to more people." Established on May 13, 1991, CPIC is a leading comprehensive insurance group in China. In June 2020, CPIC successfully issued GDRs on the London Stock Exchange, becoming the first insurance company listed in Shanghai, Hong Kong and London. It is understood that CPIC has a full range of insurance licenses, including life insurance, property insurance, pension insurance, health insurance, agricultural insurance and asset management, and provides a full range of risk protection solutions, wealth planning and asset management services with a centre on customer needs. In the past 31 years since its establishment, CPIC has always grasped the main line of quality development, focused on key areas and segments, and achieved a stable and progressive business situation. In 2021, the Company's revenue reached RMB440.643 billion, a 4.4% year-on-year increase, and its profitability has continued to improve, in terms of service level, it has provided 168 million customers with high-quality services with CPIC characteristics, which are deeply recognized by customers. At the same time, the company has been included in the Fortune Magazine Global 500 for 11 consecutive years, moreover, CPIC won the 158th in 2021 and ranked 5th in Brand Finance's Top 100 Most Valuable Insurance Brands in the World. With the influence of factors such as the decline of demographic dividends and the evolution of customer demand, the insurance industry is facing many demands for transformation and reshaping the industry's value chain has become a common issue for insurers. In this regard, Mr. Kong Qingwei, Chairman of the Board of Directors, said: "The past five years have been a period of great changes in the market, five years of reform and innovation in deep water, and five years of healthy development for the Company. With the continuous improvement of customer demand, higher requirements have also been placed on insurance companies. In this regard, CPIC will maintain its long-term philosophy and focus on its main insurance business. At the same time, we will accelerate the deployment of our insurance value chain in the areas of pensions, health and technology to meet the different needs of our customers. In addition, Mr. Kong Qingwei emphasized that ESG is a strategic choice for a country and an important step in building a community with a shared future for mankind. CPIC pays attention to the development and construction of ESG, and has established an ESG committee and an ESG office. The company also promotes the idea of starting small and reinforcing the concept of green within the company. The giant ship CPIC is riding the wind and waves in the wave of industry change, attributing to the leadership of the Board of Directors. The foresight and correct decision-making of the Board of Directors have also been highly recognized by professionals. On November 30, 2021, the 9th Board of Directors of CPIC won the "2021 Listed Company Board of Directors Award" in the "2021 Outstanding Board of Directors Award", and Chairman Mr. Kong Qingwei won the "2021 Listed Company Executive Director Award". This fully shows that the CPIC Board of Directors has performed well in terms of specialization, diversification and balance, and this award is well deserved. CPIC has entered its "thirty years" that is striding forward on the road of high-quality development, and has launched products such as "Jia An Xin" to meet the needs of customers. In the future, under the leadership of the high-level management team, CPIC will continue to uphold its long-term philosophy, actively play its social responsibility as an insurance company, focus on customers, take transformation as an opportunity to seek development opportunities with a long-term vision, bring more excellent insurance experience to customers, and help the industry continue to develop healthily. - END - About China Pacific Insurance (Group) Co., Ltd China Pacific Insurance (Group) Co. Ltd. (hereinafter referred to as "CPIC", or the "Company"; Stock Code: 2601.HK, 601601.SH, CPIC.LSE) is an insurance holding company incorporated on the basis of China Pacific Insurance Company, which was established on May 13, 1991. It is a leading insurance group headquartered in Shanghai, which is the first insurance group simultaneously listed on Shanghai, Hong Kong and London Stock Exchanges. CPIC is a leading comprehensive insurance group; the Company provides a broad range of risk solutions, financial planning and asset management services to over 100 million customers via its nationwide network of distribution and diversified services platforms. This press release is distributed by Wonderful Sky Financial Group for China Pacific Insurance (Group) Co. Ltd. For further information, please contact: Wonderful Sky Financial Group Holdings Limited Ms. Aileen Wang / Cecilia Xiong / Millie GuoTel: (852) 3970 2226 / (852) 3641 1300 / 15513707989Fax: (852) 3102 0210Email: CPIC@wsfg.hk
-
K-Startup Grand Challenge 2022: From stepping stone in Korea to the gateway for Startups to conquer the Asian market
HO CHI MINH CITY, Vietnam, May 13, 2022 /PRNewswire/ -- After seven consecutive years of organization, attracting more than 10,000 Startups from 151 countries to participate, with 1,25 billion USD invested, The Korean Government's K-Startup Grand Challenge program affirms its position as a gateway to help potential Startups conquer the Asian market. Korea - New Startup hub in Asia Korea is the 15th largest domestic market in the world with a scale of 736,21 million USD. LTE covers 100% of the Korean territory. The country has not only a favorable geographical position when located in East Asia, next to mainland China, Japan, Hong Kong, and Taiwan but also an active and well-designed Startup ecosystem, attracting investors, accelerators, and incubators worldwide. The Korean Government is making firm commitments to support the Startup ecosystem with an investment of up to 10 trillion won (estimated 8,7 billion USD). There are currently about 40 Startup accelerators in Korea that provide capital to entrepreneurs in various fields. With such an environment, Korea is becoming the hottest Startup hub in Asia. K-Startup Grand Challenge 2022 - The golden gate to Asia Intending to become the leading Startup Center in the region and the world, the Korean Government has organized K-Startup Grand Challenge (KSGC) since 2016 to support foreign Startups who want to expand into the Asian market by using the Korean market as a stepping stone. Over the years, the program has had more than 10,000 applications from 151 countries worldwide, and the total investment is more than 1,5 billion USD. In 2022, the Korea IT Cooperation Center in Hanoi (KICC), which is a representative office of the National IT of Industry Promotion Agency (NIPA), continues to be the unit responsible for implementing the K-Startup Grand Challenge 2022 (KSGC 2022) in Vietnam and Philippines, Taiwan, Hong Kong, Cambodia, Myanmar, Laos, East Timor. From April 15th, 2022, the KSGC 2022 program will begin to receive applications through https://www.k-startupgc.org/ until the end of May 31st, 2022. June 7th - 10th, 2022 is the time to review the application. June 20th - 24th, 2022 will take place the Global Audition. June 30th, 2022, the best 60 teams worldwide will participate in the accelerator program in Pangyo Technology Valley, Korea, which will officially begin from August 1st to November 15th, 2022 (3.5 months). The Top 60 Startups will receive support funding up to 11,136 USD/team and present products to investors at the investment fair. After that, the Top 30 Startups will participate in the establishment support program in Korea, which will last for another 3.5 months (with funding up to 11,136 USD/team). On the other hand, the Top 10 Startups will receive financial support totaling up to 320,000 USD. More than just a competition, KSGC 2022 is a door for Startups to expand to foreign markets, connect with leading corporate and VCs in Asia and to validate their business model. Who can register to participate? Startups less than seven years old or Pre-entrepreneur whose representative holds a foreign nationality other than Korea. Projects and Startups from all fields, including AI, Blockchain, 5G, Big Data, and E-commerce, have the potential to expand their business to the Asian market by using the Korean market as a stepping stone. Instructions and Registration information at: For getting the fastest support, please visit "Help Desk" via FANPAGE: https://www.facebook.com/ksgc2022asia/ KICC hanoi: https://www.facebook.com/KICC.vn Or register directly via:Website: https://www.k-startupgc.org/ Media Contact: Ms. Min MoonMarketing Manager Korean IT Cooperation Center HanoiEmail: ktherine718@nipa.kr Ms. Hoa LaiPartnership Manager - KSGC 2022Email: quynhhoalainguyen@gmail.comMobile: (84) 98 4349793
-
BigBlue Energy Releases New Emergency Power Source
SHENZHEN, China, May 13, 2022 /PRNewswire/ -- BigBlue Energy Inc recently reached their crowd funding goal for their newest Kickstarter campaign: BigBlue Cellpowa2500 All-In-One Emergency Power Source. Their newest campaign offers special enhancements which includes the ability to upgrade the 3x DC7909 ports of Cellpowa 2500 to 1x XT60 solar input port. These units recharge up to 80% within only 1.5 hours and feature components such as a car charging port, GPS positioning, solar charging technology, USB-C outputs and more. With the Cellpowa2500, BigBlue has you covered for all of your portable power needs. This 24/7 uninterruptible power supply features a maximum of 1200W solar input and contains output ranges from 2500W to 5000W. Even with the large scale of power output, the Cellpowa2500 is actually the smallest 1800Wh LiFePO4 Power Station utilized for power outages and outdoor adventures. Because of the small size, this extra compact and super portable power source can easily travel or slip into any space you need – the dimensions totalling only 384*274*325mm (15.12*10.79*12.8in) and weighing a little over 25 kilos (55 lbs). The Kickstarter campaign offers multiple different tiers for customers to pledge toward. The Cellpowa2500 is sold on Kickstarter at $1,299.99, which is $0.7/Wh, and includes charging cables and an accessory bag. For customers interested in the solar power charging option, multiple tiers are available: for $649 and above, backers of the campaign can purchase additional Solarpowa400 panels, which still saves them up to 42% off of the retail price. The final tier includes the aforementioned items plus the addition of 3 Solarpowa400 panels for $2,999.99, which is 45% off their normal retail price. Many options are only available until the Kickstarter Special pricing ends – don't wait to check out the Kickstarter campaign. The Kickstarter campaign is fully funded and will continue to be available online until May 19, 2022. Each purchase includes a 24 month warranty, lifetime after-sales service and local warehouse delivery. BigBlue Energy Inc, headquartered in Spokane, Washington, professionally manufactures portable solar generators with more than 1,000 employees. BigBlue remains the leader in the field of portable power station solutions as well as manufacturing, development and sales of portable LiFePO4 energy storage and solar panels, and foldable solar chargers. Learn more about BigBlue by visiting https://bigblue-tech.com. Contact: marketing@ibigblue.com
-
Wolters Kluwer Hong Kong announces collaboration with BDO Hong Kong on Practical Content Solution through the Hong Kong Master Tax Guide
HONG KONG, May 13, 2022 /PRNewswire/ -- Wolters Kluwer Hong Kong is pleased to announce a collaboration with BDO Hong Kong for local specialized content for our flagship product – the Hong Kong Master Tax Guide. Through the collaboration, Wolters Kluwer Hong Kong and BDO Hong Kong bring together a deep integration of expertise in innovative technologies and thought leadership in taxation to help tax and accounting professionals get the critical information they need to work more quickly and efficiently. "We are excited to have the opportunity to partner with BDO Hong Kong, a trusted market leader and adviser in taxation, to share their deep domain expertise and expert industry insights. Together with BDO Hong Kong we look forward to continuing to drive growth of this profession in the region." said Dr. Li Jiang, Deputy General Manager of Wolters Kluwer China. "Tax & accounting professionals rely on our publications, professional content delivered via our advanced technology tax & accounting online research platform, as well as other digital solutions to navigate the complex tax landscape and support their digital transformation journey, more importantly, to make a better decision. Through this partnership with BDO Hong Kong, we can leverage our tax and technology expertise and BDO's thought leadership in the professional accounting industry and drive more value for our clients." "It is my pleasure to announce the partnership with Wolters Kluwer, a leading global provider of professional information, software solutions and services. By sharing our broad industry experiences and in-depth knowledge in taxation which is one of the core professional services that BDO provides to our clients, we believe this great collaboration could enhance the tax profession in Hong Kong, echoing one of our core values - People helping people achieve their dreams - to help our people, our clients as well as our community. This is reflected in what we are doing now." Johnson Kong, Managing Director, BDO Hong Kong. "The Hong Kong Master Tax Guide is a good platform to add value to tax and accounting professionals who need to be well equipped with updates on the latest Hong Kong tax developments as well as post-BEPS international tax changes. We are thrilled to be able to take part in this project, albeit the difficult times that most of the people in Hong Kong and worldwide are now facing. We believe BDO's business and tax insights can help tax and accounting professionals navigate the business and tax challenges as we stand with those who value health and peace." Agnes Cheung, Director and Head of Tax, BDO Hong Kong. As a trusted resource for tax information, the Hong Kong Master Tax Guide is expertly written to help identify tax planning opportunities and maximize our readers' understanding of all the latest tax law developments and COVID-19 tax relief measures. It provides clear and reliable explanations of tax statutes, judicial decisions, and administrative practices, covering a wide range of topics including profits tax, salaries tax, summary of board of review cases, objection and appeal, transfer pricing, etc. The Hong Kong Master Tax Guide explores the spectrum of taxation issues in Hong Kong using clear language, worked examples, practical checklists, useful flowcharts and tables. The taxes imposed under the Hong Kong Inland Revenue Ordinance (Cap 112) and the Hong Kong Stamp Duty Ordinance (Cap 117) are examined in detail. The Hong Kong Master Tax Guide is essential for all accountants, tax lawyers, financial advisors, payroll officers, and students preparing for university and professional qualification examinations related to Hong Kong tax. With various digital solutions and leading titles in taxation, accounting, legal, and compliance, Wolters Kluwer Hong Kong's publications offer one-stop expert information and are available in both print and online formats. About BDO BDO Hong Kong was established in 1981 and has over 60 directors and 1,000 staff. It is committed to providing exceptional client services to facilitate businesses growth. Its extensive range of professional services includes audit & assurance, business advisory & outsourcing, risk advisory, specialist advisory and tax. BDO Hong Kong is the member firm of the BDO international network. BDO's global organisation extends across 164 countries and territories, with over 95,000 people working out of 1,713 offices – and they're all working towards one goal: to provide our clients with exceptional service. For the year ended 30 September 2021, revenue of US$11.8 billion was recorded. For more details, please visit www.bdo.com.hk, follow us on LinkedIn and Facebook. About Wolters Kluwer Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & regulatory sectors. Headquartered in Alphen aan den Rijn, the Netherlands, reported 2020 annual revenues of €4.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,200 people worldwide. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY). For more information, visit https://www.wolterskluwer.com.hk/, follow us on LinkedIn
-
Prime Number Acquisition I Corp. Announces Pricing of $60 Million Initial Public Offering
NEW YORK, May 13, 2022 /PRNewswire/ -- Prime Number Acquisition I Corp. (the "Company"), a newly organized blank check company incorporated as a Delaware corporation today announced the pricing of its initial public offering of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one share of Class A common stock, one-half of one redeemable warrant, and one right. Each whole warrant will entitle the holder thereof to purchase one share of Class A common stock, and each right will entitle the holder thereof to receive one-eighth (1/8) of one share of Class A common stock upon the completion of an initial business combination. The exercise price of the warrants is $11.50 per full share. The units are expected to trade on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "PNACU" beginning on May 13, 2022. Once the securities comprising the units begin separate trading, Class A common stock, warrants and rights will be traded on Nasdaq under the symbols "PNAC," "PNACW," and "PNACR," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will be traded. The offering is expected to close on May 17, 2022, subject to customary closing conditions. Prime Number Capital, LLC and WestPark Capital, Inc. are acting as the representatives of the underwriters for the offering. The Company has granted the underwriters a 45-day option to purchase up to 900,000 additional units at the initial public offering price to cover over-allotments, if any. A registration statement on Form S-1 (File No. 333-262457) relating to the securities to be sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on May 12, 2022. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Prime Number Capital LLC, 1345 Avenue of Americas, Suite 2054, New York, New York 10105 or by accessing the SEC's website, www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Prime Number Acquisition I Corp. Prime Number Acquisition I Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses with one or more businesses or entities, provided that it will not undertake its initial business combination with any entity being based in or having the majority of the company's operations in China (including Hong Kong and Macau). None of its founders or the Company is affiliated with Prime Number Capital LLC. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering ("IPO") and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Prime Number Acquisition I Corp., including those set forth in the Risk Factors section of Prime Number Acquisition I Corp.'s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC's website, www.sec.gov. Prime Number Acquisition I Corp. undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Media Contact Prime Number Capital LLCMs. Xiaoyan Jiang, ChairwomanEmail：xj@pncps.comPhone: 516-582-9666
-
EquitiesFirst and 14 Peaks' Nimsdai Purja Begin Epic Journey to Top of the World
EquitiesFirst Joins Forces with Mountaineering Legend for 2022 Everest Summit HONG KONG, May 12, 2022 /PRNewswire/ -- EquitiesFirst, the global asset-based financing corporation, today announced a new partnership with 14 Peaks mountaineer Nimsdai Purja MBE ("Nims") as he ascends Everest in May 2022. Image source: https://www.nimsdai.com Announcing the partnership, EquitiesFirst Founder and Chief Executive Officer, Mr Al Christy Jr said today, "We are delighted to partner with Nims who has achieved legendary status in making the impossible, possible. When the opportunity arose to be part of Nims' 2022 Everest ascent, and his next extraordinary journey, it was an immediate yes from all of us at EquitiesFirst. Nims' perspective that, with a determined approach and positive mindset, everything in life is possible, aligns precisely with our own business philosophy." Nims achieved global recognition through the global hit Netflix documentary "14 Peaks: Nothing is Impossible" which recorded him summiting all 14 of the world's highest mountains in just six months and six days in 2019. Born in Nepal, and formerly serving in the British Special Forces, Nims' 14 Peaks journey started with climbing Annapurna, Nepal in April 2019 and ended at the summit of Shishapangma, China in October 2019. "My mountaineering mission began in December 2012 when I set out on a trek to Everest Base Camp. This experience fired my passion and ambition for the mountains. I'd like to say a big thank you and welcome Al Christy and the EquitiesFirst global team as our partner for this Everest climb – together we are making this 'mission possible'". The May 2022 ascent will see Nims again summit the world's highest mountain, Everest, climbing 8,849 metres. As seen on 14 Peaks, Nims' Everest journey is sure to be another thrilling, action-packed story with courage, perseverance and human endeavour at its heart. Nims' values align well with EquitiesFirst's which is in the business of providing progressive capital to help businesses and individuals achieve their ambitions. Founded in 2002 by Al Christy Jr, the corporation understands the challenges life can throw at people and business. Al started out by helping save a third-generation, family-owned apple farm in Michigan, USA by providing the capital needed to secure their business and legacy. Since founding, EquitiesFirst has successfully completed US$3 billion in capital raising for clients around the world. Nims stands alone in terms of Big Mountain success. Only 44 climbers have achieved the feat of consecutively ascending all 14 of the world's highest peaks. The previous world record stood at seven years, 10 months and six days. Nims achieved the same feat in just six months and six days. Nims rewrote the history books in a monumental manner in 2019, defining his climbing mission as "Project Possible" because so many sceptics said his 14 Peaks challenge would prove impossible. Alongside completing his overall mission of ascending the world's 14 tallest peaks in 2019, Nims also achieved a further six world records in the process. The speed in which Nims and team completed the challenge was awe-inspiring. Through skill, planning, sheer self-belief and determination Nims showed the impossible is possible. Standing on the summit of Shishapangma having completed all 14 Peaks was an incredible feeling reports Nims: "It was a victory for everyone. For everyone who has a dream. For everyone who wants to go above and beyond. I wanted our 14 Peaks Challenge to inspire people with a love for the Big Mountains. More than that, I want everyone to know that if you set your mind to something you can achieve it - no matter who you are or where you are from." About Equities First Holdings Founded in 2002, EquitiesFirst is a global investor specializing in long-term asset-backed financing. EquitiesFirst's approach overcomes traditional limitations and redefines the financing experience through providing efficient access to capital for listed companies, entrepreneurs and investors against publicly traded securities. The total value of loans transacted is more than US$3 billion as of January 2022. Headquartered in Indianapolis, USA, EquitiesFirst maintains an international footprint of twelve offices in eight countries, including the United States, United Kingdom, Spain, China, South Korea, Thailand, Singapore and Australia. EquitiesFirst is appropriately licensed and/or registered in all jurisdictions. EquitiesFirst is the pioneer of Progressive Capital – a partnership approach to investment, rooted in respect, mutual interest and understanding. EquitiesFirst delivers liquidity solutions that are vital, transformative and move partners forward. For more information, please visit www.equitiesfirst.com/. About Nimsdai Nimsdai 'Nims' Purja is the multi-world record breaking mountaineer who climbed all 14 of the world's "Death Zone" peaks over 8,000m in just six months and six days in 2019. He led the first winter ascent of the "Savage Mountain" K2 in 2021. His documentary film "14 Peaks: Nothing Is Impossible" is out now on Netflix as is his best-selling book "Beyond Possible". Nims is a UNEP Mountain Advocate, a Global Goodwill Ambassador for Nepal Tourism and founder of the charitable Nimsdai Foundation. Disclaimer The foregoing is intended solely for qualified, accredited, professional investors, as may be required by law, and is not intended for, and should not be used by, persons who do not meet the relevant requirements. Information provided herein is for information purposes only and does not constitute an offer to sell (or solicitation of an offer to purchase) the securities or investments referenced herein, or provide any particular advisory services ("Offer"). Any Offer shall only be made through the relevant offering or other documentation which sets forth its material terms and conditions. The foregoing does not provide or purport to provide investment advice and has been prepared by the Company based on or derived from sources the Company reasonably believes to be reliable. The Company has not independently examined or verified the information provided herein and no representation is made that it is accurate or complete. Opinions and information herein are subject to change without notice. ©2022 Equities First Holdings Hong Kong Limited. All rights reserved
-
CKGSB Investor Sentiment Remain Pessimistic on China's Capital Markets
BEIJING, May 12, 2022 /PRNewswire/ -- Investors remain pessimistic on China's A-shares stocks and real estate as investment in precious metals such as gold increases by 10.2%, according to the new quarterly Investor Sentiment survey from Cheung Kong Graduate School of Business (CKGSB). The survey, which polled 2,500 investors from 13 major cities in China found that about 60.9% of investors expect A-shares stocks to rise. Only 55.9% of the investors polled believed house prices in first- and second-tier cities will rise in the next 12 months, down from 69.4% at the end of 2020. Respondents remain consistent on expectations for China's GDP growth at 5.4% and inflation at 2.7%. Financial practitioners felt more optimistic than retail investors with 79.7% of financial investors expecting China's A-shares to rise compared to 54.9% of retail investors. Investors' expectations for Hong Kong stocks also diverged with 63.7% of financial investors expecting an increase compared to 41.2% of retail investors. The proportion of investors willing to invest in wealth management and stable funds increased to 83.4%, up from 75.9% the previous quarter. Only 37% of people polled were willing to invest in stocks and funds, a decrease from 45.2% in the previous period. The Q1 survey findings are based on data collected in March 2022, just before the negative impact from China's strict COVID-19 measures were fully apparent. According to 68% of investors surveyed, the pandemic will be the most significant factor affecting future investment. "Omicron and the geopolitical instability are two challenges that are unprecedented in the 40 years since reform and opening up, surpassing the Asian financial crisis in 1998 and the subprime mortgage crisis in 2008. In order to reverse the pessimism in the market, domestic policy adjustments need to be made," says Liu Jing, Professor of Accounting and Finance at CKGSB, who leads the research. The Cheung Kong Investor Sentiment Survey (CKISS) is a quarterly survey to gauge investor sentiment and expectations in China's domestic equity market. It has been running since January 2018. It is sponsored by Cheung Kong Graduate School of Business' (CKGSB) Center for Investment Research and led by Doctor Liu Jing, CKGSB Professor of Accounting and Finance, and CKGSB researcher Chen Hongya. For more information, please visit:https://english.ckgsb.edu.cn/worldwide/insights/the-ckgsb-investor-sentiment-survey/
-
CCI Global to occupy largest contact centre in Kenya at Tatu City
TATU CITY, Kenya, May 12, 2022 /PRNewswire/ -- CCI Global, the largest international contact centre operator in Africa, will move to a purpose built, state-of-the-art office at Tatu City, creating more than 4,000 jobs for Kenyans. The design for CCI Global’s headquarters at Tatu City, Kenya CCI's facility will be developed by Gateway Real Estate Africa (GREA), a private development company specialising in turnkey construction. The five-story tower is custom designed for CCI, with training facilities and a career centre to welcome new employees. CCI has grown rapidly in Kenya since entering the market in 2016, specialising in the operation of outbound, inbound and web chat multi-channel contact centres, serving leading international brands, primarily in the mobile, technology, telecommunications and financial industry sectors. CCI's expansion comes amid unprecedented demand for the company's young, highly skilled workforce in Kenya, which has swelled to over 2,000 agents in the last 12 months. The facility at Tatu City, scheduled for completion in Q4 2023, will double the firm's capacity to more than 4,000 seats in a single location. "CCI's business in Kenya, which serves well-known American, British, Australian and other international brands, continues to accelerate, thanks to our dynamic workforce, quality assurance and operational excellence," said Mark Chana, CCI's Chief Operating Officer. "We are excited to build CCI's home at Tatu City, in a business-friendly environment that focuses on the welfare of our employees." CCI's contact centre will provide business process outsourcing, or BPO, that supports the whole customer lifecycle in both traditional voice interactions as well as digital. The Grade A office building with five floors and two levels of underground parking will anchor Tatu Central, the business district of Tatu City. "The building is custom-designed for CCI, with large floor plates for flexible call centre operations, rapid lifts for seamless shift changes, ample natural light and employee welfare at its core," said Greg Pearson, co-founder and CEO of GREA. "We are pleased to develop this spectacular building for a world-class client like CCI in Africa." As part of the development, Tatu City, which is owned and developed by Rendeavour, Africa's largest new city builder, will construct a transport hub to accommodate CCI's thousands of employees. "The Tatu City ecosystem – with homes, businesses, schools, parks and other amenities – is the ideal location for CCI's operations and employees," said Stephen Jennings, Founder and CEO of Rendeavour. "A first mover in all aspects, CCI embodies the global shift of businesses from congested urban areas to decentralised environments like Tatu City that provide live-work-play solutions for employees and investors alike." The CCI office at Tatu City is the latest in a strategic partnership between GREA and Rendeavour, which spans commercial, warehousing and logistics developments at Rendeavour's new cities in East and West Africa. About CCI Global (www.cciglobal.com) CCI Global is Africa's largest provider of customer management services to the international market. The CCI group of companies provides Business Process Outsourcing services, including consumer sales, service, and digital customer management strategies to some of the leading brands in the UK, Australia, and Africa in the mobile technology, telecommunications, financial services, retail, and leisure sectors. About Gateway Real Estate Africa (https://greafrica.group/) Gateway Real Estate Africa is a private real estate development company specialising in the turnkey construction of accommodation for multinational corporates and retailers wishing to expand their operations on the African continent. For qualifying investors, Gateway Real Estate Africa provides direct real estate exposure to high-yielding US-dollar denominated rental income streams and robust growth potential. About Tatu City (www.tatucity.com) Tatu City is a 5,000-acre new city on Nairobi's doorstep with homes, schools, businesses, a shopping district, medical clinic, nature areas and recreation for more than 250,000 residents and tens of thousands of day visitors. Tatu City's schools educate thousands of students daily, a range of homes suits all incomes and more than 60 businesses thrive in the country's first operational Special Economic Zone. Located 30 minutes from Westlands, Tatu City represents a new way of living and thinking for all Kenyans in a live, work and play environment that is free from traffic congestion and long-distance commuting.
-
Yantai of Shandong Province strives to Create an International Business Environment
YANTAI, China, May 12, 2022 /PRNewswire/ -- The business environment of a city is critical to investment, reputation and potential in the future, and a good business environment needs not only bold reforms but also meticulous services. In recent years, Yantai, a city with a thousand kilometers long coastline and located at 37o N in Shangdong Province, has done its intensive work on building its business environment. Aiming at "enterprises do not run errands and the masses do not ask for people", it has innovatively launched the brand of "Yantai In Action" through strengthened top-level design, vigorous implementation of policies, optimization of governmental services and attention on "data empowerment" to solve the problem and blockage for the mass and enterprises in handling personal and business affairs. The efforts the city has made to comprehensively optimize and improve the regional business environment have injected new momentum into the high-quality development of regional economy and society. With its increasingly high-quality business environment, Yantai is releasing its strong urban attraction and appeal Data show that Yantai has made and completed 1090 work orders for optimization and promotion tasks based on the domestic advanced experience and best practices of benchmarking and table matching to fully propel the implementation of policies. So far, 76 national and provincial initiatives and highlights have been formed. Among them, a number of typical experiences such as the "4S" all-time electricity nanny service and the accurate provision of VAT "special loan for tax retention" have been publicized and promoted by the state and the province. In order to effectively improve the convenience of handling affairs online, the city made breakthroughs in "non-face-to-face approval" to connect the self-built systems of municipal departments with the district and municipal platforms, fully providing 603 government affairs services at both city and county levels. By now, more than 1400 affairs can be fully handled online, covering over 90% of the civil items. With the launch of the city's general portal of mobile government services---the APP of "Love Shandong • Throughout Yantai With One Hand", there are more than 4.27 million real names registered users, integrating 804 high-frequency applications covering the fields of health, transportation and travel, and fully accessing 14000 items of government services by application. Social assurance certificate, remote medical treatment and other 80 items have achieved "approval and handling in a second". Data show that since 2021, Yantai has organized 43 municipal departments to conduct a comprehensive review of the currently effective policy documents since 2016, and re-formulate policies that do not adapt to the current economic and social development, forming a list of more than 2,000 policy documents for service enterprises in Yantai. With the continuous optimization of Yantai's business environment, by the end of 2021, 104 top multinational companies---the world's top 500 enterprises---have invested and set up factories in Yantai. 30 of them, including Hon Hai Technology Group (Foxconn), Linde AG, GM, Hyundai, Toyota and LG Electronics, have invested more than US $100 million. In addition to attracting a large number of foreign investments, enterprises that transferred out in previous years have chosen to return. Contact: Zhao XiangyangTel: 0086535-6789710E-mail: yt6789710@yt.shandong.cn The 1038km long coastline stretches along the city of Yantai from west to east with an exquisite scenery
-
ATRenew to Report First Quarter 2022 Financial Results on May 24, 2022
SHANGHAI, May 12, 2022 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced that it plans to release its unaudited financial results for the first quarter of 2022 before the U.S. market opens on Tuesday, May 24, 2022. The Company's management will hold an earnings conference call at 08:00 A.M. Eastern Time on Tuesday, May 24, 2022 (08:00 P.M. Beijing Time on the same day) to discuss the financial results. Listeners may access the call by dialing the following numbers: International: 1-412-317-6061 United States Toll Free: 1-888-317-6003 Mainland China Toll Free: 4001-206115 Hong Kong Toll Free: 800-963976 Access Code: 8697849 The replay will be accessible through May 31, 2022 by dialing the following numbers: International: 1-412-317-0088 United States Toll Free: 1-877-344-7529 Replay Access Code: 7316914 A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://ir.atrenew.com. About ATRenew Inc. Headquartered in Shanghai, ATRenew Inc. operates a leading technology-driven pre-owned consumer electronics transactions and services platform in China under the brand ATRenew. Since its inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, addressing the environmental impact of pre-owned consumer electronics by facilitating recycling and trade-in services, and distributing the devices to prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Through its end-to-end coverage of the entire value chain and its proprietary inspection, grading, and pricing technologies, ATRenew sets the standard for China's pre-owned consumer electronics industry. Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements 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. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew 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. Statements that are not historical facts, including statements about ATRenew's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew's strategies; ATRenew's future business development, financial condition and results of operations; ATRenew's ability to maintain its relationship with major strategic investors; its ability to provide facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew's filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact In China:ATRenew Inc.Investor RelationsEmail: ir@atrenew.com In the United States:ICR, LLC.Email: atrenew@icrinc.com Tel: +1-212-537-0461
-
Goodbaby International Holdings Limited Announces Revenue Performance for the Three Months Ended 31 March 2022
Revenue Reaches a Record of HK$2,233.6 Million CYBEX and Evenflo Brands Achieve Strong Revenue Growth HONG KONG, May 12, 2022 /PRNewswire/ -- Goodbaby International Holdings Limited ("Goodbaby International" or the "Company", HKEX stock code: 1086, together with its subsidiaries, the "Group"), a leading global parenting products company, has today announced its unaudited revenue performance for the three months ended 31 March 2022 (the "Period"). The Group generated revenue of approximately HK$2,233.6 million, representing a record for the first quarter with a growth rate of 7.1% year-on-year ("YoY") (8.1% increase on a constant currency basis[1]). During the Period, CYBEX brand continued its strong revenue growth at a rate of 15.6% (22.1% increase on a constant currency basis) YoY to reach a record first quarter revenue. Its strong brand position and product portfolio (in both car seats and particularly wheeled goods), fortified global operations, the continuous launch of new products and categories and ongoing expansion of global omni-channel distribution of CYBEX contributed to the strong positive revenue momentum across all key global markets, where the respective market shares also expanded. The revenue performance of Evenflo brand reached a record first quarter total and growth rate of 31.0% YoY (29.9% increase on a constant currency basis) during the Period, primarily driven by continued strong consumer reaction to innovative new products in North America. Despite ongoing supply chain challenges in North America and an unfavorable foreign exchange rate, Evenflo continued to outperform the competition. Revenue of gb brand amounted to approximately HK$422.9 million. In its key China market, the revenue performance was negatively impacted by the COVID-19 related restrictions causing retail store closures, logistics delivery disruption and the suspension of wholesale activities. gb continues to proactively right-size the commercial operations to adapt to the new situation and declining birth rate in China. The Blue Chip business revenue amounted to approximately HK$287.0 million, representing a growth rate of 8.1% (6.1% increase on a constant currency basis) YoY, mainly due to the continued increasing orders from its customers. Goodbaby International's CEO Mr. Martin Pos concluded, "The Group is facing continued disruption of its supply chain due to COVID-19 lockdowns in China and regional instability in Europe. We are actively working to mitigate these challenges and as a result it is not prudent at this time to provide a forward looking view of how these challenges will impact the Group's 2022 financial performance." For more details, please refer to the announcement: https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0512/2022051200258.pdf About Goodbaby International Holdings Limited Goodbaby International Holdings Ltd. (Stock code: 1086) is a world-leading parenting products company. The Group serves millions of families around the world through design, research and development, manufacture, marketing and sales of children's car safety seats, strollers, apparel and home textile products, feeding, nursing and personal care products, cribs, bicycles and tricycles and other children's products. Note: [1] The constant currency basis is the weighted growth rate on each original currency revenue.
-
Breakfast Launch Event of the Singapore Fund Directors Association (SFDA)
SINGAPORE, May 12, 2022 /PRNewswire/ -- Tuesday May 10th, 2022, saw the breakfast launch event of the Singapore Fund Directors Association (SFDA) a new body, established to create and support an ecosystem within Singapore's financial industry for investment fund directors. Martin O'Regan, Chairman SFDA Mr Lim Cheng Khai, Executive Director of Financial Markets Development at MAS This was the SFDA's first in person event to a capacity crowd of fund industry professionals, including representatives from the Singapore Institute of Directors (SID), Investment Management Association of Singapore (IMAS), Singapore Venture Capital Association (SVCA), Singapore Fund Administrators Association (SFAA) and the Monetary Authority of Singapore (MAS). The launch was an opportunity to unveil the initiatives and goals of the SFDA which were well received and encouraged by the audience. According to SFDA Chairman, Martin O'Regan "SFDA encourages continuous professional development in the financial services sector with adaptability and decisiveness. Now is the time to build a network of informed and experienced individuals working in governance and oversight roles to facilitate greater collaboration within the investment funds ecosystem as well as career development opportunities". The SFDA intends to support fund directors in Singapore by enhancing the capacity and competency of the fiduciary talent pool which will be accomplished by providing a platform for personal development, exchange of information and learning, and building a network for SFDA members. The keynote speech was delivered by Mr Lim Cheng Khai, Executive Director of the Financial Markets Development Department at MAS. In his speech, Mr. Lim notes "As our asset management and onshore funds ecosystem continues to grow, it is important to nurture a pool of qualified fund directors and independent fiduciaries. This will foster robust corporate governance in Singapore-domiciled fund vehicles. These Fund Directors will provide stewardship and oversight to minimise principal-agent conflicts between fund managers and service providers. SFDA's leadership is key to supporting fund directors' professional development and training and advocate best practices to raise governance standards and accountability." "The launch of SFDA's suite of training modules and certification serves as an important building block to expand the knowledge and skills of fund directors. MAS will continue to support SFDA in its effort to provide training and accreditation for fund directors in Singapore." The head of training at SFDA, Nicholas Huras presented the training agenda and various modules that are available to members, and Mr Jon Robinson, of the membership committee presented the various categories of membership. The event was capped off with a lively panel discussion on governance trends in Singapore and other major fund domiciles. The panel members were Mr Fumin Feng - Deputy Director (MAS), Emily Low - Director, Atlas Asia Law Corporation, Steve Knabl - COO & Managing Partner, Swiss-Asia, and Robert Grome - Vice-Chairman SFDA (Moderator). SFDA is open for sign up for memberships and training, more information can be found on the SFDA website www.sfda.com.sg. or please contact: membership@sfda.com.sg Sponsors for the event: Principium Consulting and Solas. Media Contact: Martin O'ReganPhone: +65 9756 8007Email: martin@sfda.com.sgCompany: Singapore Fund Directors Association (SFDA)Website: www.sfda.com.sg
