[Media Alert] Say Goodbye to Brain Fog and Digestive Woes: Recharge with LAC ACN Newswire

[Media Alert] Say Goodbye to Brain Fog and Digestive Woes: Recharge with LAC

SINGAPORE, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - In today's fast-paced world, many individuals find themselves grappling with overwhelming stress and its accompanying challenges. The constant pressures of modern life can leave individuals feeling mentally and physically drained.Especially in Singapore, the hustle culture and rising cost of living contributes heavily to this. A recent survey found that nearly 90% of Singaporeans experience chronic stress, driven by issues like financial concerns and a general uncertainty about the future. This relentless pace, paired with the constant pressure to meet expectations, continues to take a toll on both mental and physical health, even as the new year begins.Prolonged stress can, however, impact cognitive functions leading to brain fog, memory loss and inflammation, while the digestive system may struggle to keep up with the demands of life. When the mind is overloaded, it becomes difficult to focus, make decisions, or retain information, leading to decreased productivity and increased frustracalention. Furthermore, prolonged stress can disrupt the gut-brain connection, triggering digestive issues such as bloating, indigestion, and inflammation, which hinder the body’s ability to absorb essential nutrients.LAC (pronounced as L-A-C) aims to help individuals navigate these transitions with mindful practices and targeted health solutions. For individuals grappling with cognitive or digestive issues, LAC recommends its BrainSpeed® PS and Probiotic Complex 25 Billion CFU - Daily Support to help support mental and digestive health.Formulated with high phosphatidylserine (PS), LAC BrainSpeed® PS promotes brain health, enhances focus and alertness, and helps individuals cope with stress more effectively, resulting in overall work productivity. This supplement helps to regulate high stress levels, balances mood and promotes cognitive functions for individuals who are seeking mental clarity.With over 25 Billion CFUs of active probiotics and 12 strains of friendly bacteria, Probiotic Complex 25 Billion CFU - Daily Support helps to effectively maintain probiotic levels and boosts the immune system, reducing the risks of inflammation in the gut, maintaining a healthy balance of bacteria in the body.LAC also offers solutions for children to support optimal health and overall well-being. LAC BrainSpeed® Junior is specially formulated with DHA to support cognitive development and mental clarity, allowing children to stay focused in their schools. On the other hand, LAC Probiotic Junior contains 12.5 Billion CFU of Probiotics that strengthens the immune system and absorbs essential nutrients effectively.You may access the high-resolution visuals of the products through the media kit here. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Hua Medicine Announces 2024 Annual Results ACN Newswire

Hua Medicine Announces 2024 Annual Results

- HuaTangNing completed its first full year for reimbursement under the National Reimbursement Drug List (NRDL), with continued expansion in hospital coverage. Compared with the 2023 year, sales volume increased by approximately 740%.- Sales revenue increased by 234% compared with the 2023 year, with cash reserves exceeding RMB 1 billion to fully support future R&D and commercialization activities.- A Phase I clinical study of our second-generation GKA, a once daily oral therapy, successfully completed in the United States. Our dorzagliatin-metformin fixed-dose combination formulation progressed smoothly and our product pipeline continued to advance and expand.- The Mendelian Randomization studies of human genetic data provided scientific evidence to support the exploration of glucokinase activation in diabetic complications and new clinical indications.- Manufacturing capacity of dorzagliatin continued to expand to meet growing market demand.- The establishment of Hua Medicine’s pharmaceutical sales and marketing team resulted in significant sales growth in the first two months of 2025, opening a new model of innovative drug commercialization.SHANGHAI, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - Hua Medicine (“the Company”, Hong Kong Stock Exchange Stock Code: 2552) announced the audited full-year results of the Company and its subsidiaries for the year ended December 31, 2024 (the “Reporting Period”), along with the Company’s business progress in 2024 and future business outlook. Hua Medicine has made significant strides in the commercialization of its core product, the glucokinase activator (GKA) dorzagliatin (trade name: HuaTangNing, as well as in R&D innovation and manufacturing capacity optimization, laying a solid foundation for the Company’s long-term sustainable development.Dr. Li Chen, Founder and the Chief Executive Officer of Hua Medicine, stated: “In 2024, HuaTangNing’s market performance was very encouraging. Its inclusion in the NRDL greatly enhanced the accessibility and affordability of this innovative drug, enabling more diabetes patients to benefit. In 2025, Hua Medicine established a pharmaceutical sales and marketing team, and HuaTangNing demonstrated strong growth momentum at the start of the year. With further market expansion and increasing patient awareness, we are confident in HuaTangNing’s market growth.”“Looking ahead, the Company will continue to explore HuaTangNing’s potential in personalized diabetes treatment and diabetes complications globally. By integrating big data and artificial intelligence technologies, we aim to expand our disease areas into immune homeostasis and neural homeostasis. We are confident with the close collaboration of Hua Medicine and its partners across the pharmaceutical R&D, production, and distribution chain, we can enable more patients to access and benefit from Chinese medicines, accelerating progress in realizing our vision ‘China leading pharmaceutical innovation to advance human health.’”Summary of Clinical Research and Operational Progress- Significant Revenue Growth, Strong Market Performance of HuaTangNing, and Positive Patient Feedback- 2024 marked the first full year for which our HuaTangNing was reimbursed under the National Reimbursement Drug List (“NRDL”) in China. Sales revenue increased by 234% to RMB255.9 million for the fiscal year 2024 compared with the same period in 2023. During the fiscal year 2024, HuaTangNing was sold in approximately 2,700 hospitals across China. As of December 31, 2024, Hua Medicine maintained a strong balance sheet with a cash balance of RMB1,139.8 million to support its full-scale commercialization, business development and R&D functions.- Since the launch of HuaTangNing in the fourth quarter of 2022, our pharmacovigilance team has been diligently monitoring the safety of dorzagliatin in the China market, and was recently recognized by the National Adverse Drug Reaction Monitoring Center as a national example for the pharmaceutical industry. As of December 31, 2024, Hua Medicine had monitored approximately 150,000 patients who have been prescribed HuaTangNing, and dorzagliatin has been observed to be safe and well tolerated by patients.- Effective January 1, 2025, Hua Medicine assumed full responsibility for the commercialization of HuaTangNing in China from its former sales and marketing partner, Bayer Healthcare Company Limited (“Bayer”). We recruited Mr. Lu Yu, a seasoned pharmaceutical sales executive with over 20 years of diabetes commercialization experience in China, to lead our sales and marketing efforts.- For the two months ended February 28, 2025, Hua Medicine sold approximately 592,000 packs of HuaTangNing, representing approximately RMB73.2 million in net sales. During the same period in 2024, approximately 202,000 packs of HuaTangNing were sold, representing approximately RMB24.5 million in net sales, The difference represents a significant increase in sales over a period during which the price per pack remained the same. This demonstrates a smooth transition of HuaTangNing’s commercialization in China from Bayer to Hua Medicine, with reinvigorated growth momentum.- Upon the termination of the Exclusive Promotion Service Agreement, the unamortized contact liabilities amounting to RMB1,243,499,000 were released to profit or loss, and will be recognized as a gain in 2025 by the Group. Both parties have confirmed in a signed letter that there are no outstanding matters arising from such termination, nor does either party owe the other party any obligation or liabilities from such separation.- Steady Progress in R&D Innovation, Continuously Enriching Product Pipeline- Hua Medicine made significant headway in preparing the future expansion of our glucokinase-targeted, glucose homeostasis-centered therapy into the international markets, specifically the United States. We successfully completed and announced the results of its single-ascending dose (“SAD”) study in the United States of our second generation GKA (HM-002-1005), in which we validated the feasibility of dorzagliatin as a once daily oral therapy for Type 2 diabetes (“T2D”) patients. We are currently developing the clinical dosage form for advancement of HM-002-1005 in a clinical proof-of-mechanism study.- Hua Medicine also made significant progress in developing fixed-dose combination formulations. The Company has been advancing its dorzagliatin-metformin fixed-dose combination product candidate into commercial dosage development, with process validation expected to be completed in 2025.- Based on human genetic data collected from studies of patients administered with dorzagliatin, the Mendelian Randomization methodology has been applied to predict the beneficial effects of dorzagliatin on related and significant diabetes complications, such as reduction in heart failure, coronary artery disease, memory loss and dyslipidemia. In addition, a separate Mendelian Randomization study provided genetic evidence supporting the causal effects of glucokinase activation on lowering the risk of frailty. These findings suggest that glucokinase activators may aid in the management of frailty and sarcopaenia in people with diabetes. We will continue our research and development efforts to explore new indications.- Through our SENSITIZE 3 clinical study in Hong Kong, Hua Medicine is advancing the potential of dorzagliatin in prediabetes, early treatment and prevention of Type 2 diabetes. In contrast with the approved 75mg dosage form of HuaTangNing, the Company is testing new 25mg and 50mg dosage formulations to explore these potential new indications. The Company is also supporting an investigator-sponsored trial in testing dorzagliatin’s efficacy in treating MODY-2 patients who suffered from genetic mutations that de-activated glucokinase. Early studies in humans by renowned diabetes experts Dr. Juliana Chan and Dr. Linong Ji have indicated the benefit of dorzagliatin in MODY-2 patients by improving their β-cell functions and glycemic control.- Hua Medicine is also advancing the combination of dorzagliatin with GLP-1RA, DPP-IV inhibitors and SGLT-2 inhibitor through combined effects in collecting real-world evidence and proof-of-concept studies in animal models. The synergy between dorzagliatin with these agents has the potential to expand our indication into other diseases in metabolic disorders, such as obesity and MASH. - Hua Medicine will continue our engagement in diabetes prevention, opportunities in longevity and prevention of memory loss and eventually find a new way to increase healthy life span and longevity in humans.- Continued Expansion of Manufacturing Capacity, Plans to Launch Dorzagliatin in New Markets- Hua Medicine continues to invest in expanding its manufacturing capacity to meet anticipated market needs in 2026 and 2027.- Hua Medicine is also finalizing and preparing to submit registration applications for dorzagliatin to launch commercialization in the Macau and Hong Kong markets. We plan to submit both applications in 2025.- Hua Medicine continues to strengthen its intellectual property protection globally. As of December 31, 2024, the Company owned more than 200 granted patents covering its proprietary technology worldwide.Business outlook- There is a great opportunity for dorzagliatin and our 2nd generation GKA in China and the global oral anti-diabetes market. - We will strengthen our own commercialization efforts through hub and spoke development with focus on building up a strong internal sales and medical marketing organization to drive business growth in 2025. This will allow us to rebuild our strong connections directly to the medical community and better promote HuaTangNing in China and surrounding areas.- We continue to invest into digital technology platforms to create synergies across functions and enhance branding opportunities using AI technology.- We are working on the registration of dorzagliatin in HK and Macau region and engage partnerships in Southeastern Asia and Belt and Road nations. In addition, business development work on our 2nd generation GKA in regions with high incidences of obesity will be continued based on the initial success of the SAD study in the United States.Financial SummaryFor the year ended December 31, 2024:- Bank balances and cash position was approximately RMB1,139.8 million.- Total revenue was approximately RMB255.9 million, an increase of approximately 234% compared to the full year of 2023; approximately 2,105,000 packs of HuaTangNing were sold, an increase of approximately 740% compared to the full year of 2023.- Total other income was approximately RMB116.8 million, including approximately RMB95.7 million from the amortization of Bayer milestone income.- Total expenditures for the year was approximately RMB493.6 million, of which R&D expenses accounted for approximately RMB215.1 million.- Loss before tax was approximately RMB250.1 million, which was mainly attributable to the increase of selling expense and research and development expense.Forward-Looking StatementsThis document contains statements regarding Hua Medicine’s future expectations, plans, and prospects for the Company and its products. These forward-looking statements pertain only to events or information as of the date they are made and may change due to future developments. Unless required by law, we are not obligated to update or publicly revise any forward-looking statements or unexpected events after the date of such statements, regardless of new information, future events, or other circumstances. Please read this document carefully and understand that our actual future performance or results may differ materially from expectations due to various risks, uncertainties, or other legal requirements.About Hua MedicineHua Medicine (The “Company”) is an innovative drug development and commercialization company based in Shanghai, China, with companies in the United States and Hong Kong. Hua Medicine focuses on developing novel therapies for patients with unmet medical needs worldwide. Based on global resources, Hua Medicine teams up with global high-calibre people to develop breakthrough technologies and products, which contribute to innovation in diabetes care. Hua Medicine's cornerstone product HuaTangNing(dorzagliatin tablets), targets the glucose sensor glucokinase, restores glucose sensitivity in T2D patients, and stabilizes imbalances in blood glucose levels in patients. HuaTangNing was approved by the National Medical Products Administration (NMPA) of China on September 30th, 2022. It can be used alone or in combination with metformin for adult T2D patients. For patients with chronic kidney disease (CKD), no dose adjustment is required. It is an oral hypoglycemic drug that can be used for patients with Type 2 diabetes with renal function impairment.For more information Hua MedicineWebsite:www.huamedicine.comInvestorsEmail:ir@huamedicine.comMediaEmail:pr@huamedicine.comPress DisclaimerFor accuracy and completeness in context, information related to products marketed in China in this material, especially those identified or required, should comply with documents approved by Chinese regulatory authorities.Additionally, such information should not be interpreted as a recommendation or promotion of any drug or treatment, nor should it replace medical advice from healthcare professionals. For medical-related matters, please consult a healthcare professional. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Analogue FY2024 Revenue Rose to HK$6,450 Million with Adjusted Profit Attributable to Owners of the Company Increased to HK$206 Million ACN Newswire

Analogue FY2024 Revenue Rose to HK$6,450 Million with Adjusted Profit Attributable to Owners of the Company Increased to HK$206 Million

HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - Analogue Holdings Limited (“Analogue” or the “Company”, together with its subsidiaries, the “Group”) (stock code: 1977), a leading provider of electrical and mechanical (“E&M”) engineering solutions, and information and communications technology services for smart cities, today announced its annual results for the year ended 31 December 2024 (the “Year” or “FY2024”).Financial Highlights- Contracts-in-hand remained at a high level of HK$11,052.7 million- Revenue rose to HK$6,450.1 million, up 5.2% year-on-year- Adjusted profit attributable to owners of the company recorded HK$206.0 million 1 with a growth of 10.2% 2 year-on-year, excluding a one-off expense and provision- Total dividend for the year amounted to HK4.38 cents per shareChairman Dr Mak Kin Wah said, “Capturing opportunities from shifting market priorities towards intelligent and digital solutions, data centres, environmental engineering and climate solutions, hospitals, infrastructure, and housing, we maintained a high level of contracts-in-hand across the Group’s diverse scope of business, providing a strong underlying foundation for the business over the next two years and beyond; this was notwithstanding the challenges around the world and in Hong Kong during the year.ATAL Tower, our new headquarters, is a significant investment that demonstrates our confidence in the future and our commitment to Hong Kong. We will continue to leverage our expertise and strong financial position to take up additional opportunities in the Hong Kong market, and explore further business development in overseas markets. Our investment in research and development, and innovation will enhance our core strengths and competitiveness. We will tirelessly live up to our motto of ‘We Commit. We Perform. We Deliver.’, ultimately driving our sustainable growth, optimising value for shareholders and other stakeholders, and contributing to the wider community.”Business Review: Building Services- This segment is the largest revenue contributor, with revenue up 5.3% to HK$3,933 million.- The recurring maintenance revenue increased by 40.2% to HK$422 million.- Leadership in the innovative construction technology of Multi-trade Integrated Mechanical, Electrical and Plumbing (“MiMEP”) received a major boost during the year, not only with the award of significant contract for a Grade A office building in Causeway Bay with the highest level of MiMEP application at 85% for a commercial building, but also with the development of our own systematic MiMEP methodologies and solutions.- The “MiMEP Design and Manufacturing Centre” and “MiMEP High Productivity Research Centre” in Zhuhai, as well as other MiMEP manufacturing facilities in Hong Kong, were established to integrate our capabilities in the Greater Bay Area with cutting-edge technology from Hong Kong.Environmental Engineering- The order intake significantly increased by 107.4% to HK$1,514 million, with contracts won for environmental infrastructure needed to enhance climate resilience, environmental protection, sustainability of water supply and waste treatment, and support for public housing and utilities.- The segment actively extended its expert services around the world, including Teresa in the Philippines, Dubai and other parts of the world.Information, Communications and Building Technologies (“ICBT”)- The order intake increased 22.5% to HK$757 million, with contracts-in-hand up 13.8% to HK$959 million.- The segment actively collaborated with leading manufacturers worldwide and in Mainland China to expand its technology reach and deliver cutting-edge solutions in diverse sectors.Lifts and Escalators- There was a significant growth in order intake and revenue, up 48.5% to HK$548 million and up 39.9% to HK$529 million respectively.- The two recently acquired lift companies in the United Kingdom (“UK”) contributed to revenue growth and made progress in the UK business.- The associate in the United States turned from a loss to a profit in FY2024 and made progress in expanding its business into additional cities in the South.For further details of the 2024 Annual Results, please refer to the announcement filed with The Stock Exchange of Hong Kong Limited.Remark:1. Profit attributable to the owners of the Company was HK$135.3 million, including a one-off expense of approximately HK$23.1 million before tax for relocation to the new consolidated headquarters to realise enhanced efficiency and synergy across business units, and a provision for expected credit loss of HK$88.0 million before tax to reflect risks with the recoverability of certain receivables and contract assets held by the Group in relation to certain construction companies.2. When compared with the adjusted profit attributable to owners of the company of HK$186.9 million in FY2023, which excludes a one-off dilution gain before tax upon completion of a private placement by an associate in Mainland China, a gain on disposal of interest before tax in an associate, and a provision before tax in respect of certain contracts in the healthcare sector.About Analogue Holdings LimitedEstablished in 1977, Analogue Holdings Limited is a leading provider of electrical and mechanical (“E&M”) engineering solutions and information and communications technology (“ICT”) services for smart cities, with headquarters in Hong Kong and operations in Macau, Mainland China, the United States and the United Kingdom. Serving a wide spectrum of customers from public and private sectors, the Group provides multi-disciplinary and comprehensive E&M engineering and technology services in four major segments, including Building Services, Environmental Engineering, Information, Communications and Building Technologies (“ICBT”) and Lifts & Escalators.The Group also manufactures and sells Anlev lifts and escalators internationally and has entered into an alliance with Transel Elevator & Electric Inc. (“TEI”), one of the largest independent lifts and escalators companies in New York, the United States. The Group’s associate partner, Nanjing Canatal Data-Centre Environmental Tech Co., Ltd (603912.SS), specialises in manufacturing of precision air conditioners. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Mobvoi 2024 Annual Results Announcement ACN Newswire

Mobvoi 2024 Annual Results Announcement

HONG KONG, Mar 29, 2025 - (ACN Newswire via SeaPRwire.com) - Mobvoi (02438.HK) (hereinafter referred to as “the Group”) released its 2024 annual results report. The Group's pure software product, AIGC, generated a revenue of over RMB220 million (unit: RMB, the same below), representing a year-on-year growth of 88.5% compared with 2023, and has truly achieved pure software, high gross profit and internationalization.In terms of total revenue, for the year ended December 31, 2024, the Group's revenue amounted to RMB390.3 million, representing an increase of 6% as compared to the corresponding period in 2023 (after deducting the revenue from the IP arrangement of Automobile Subsidiary A). Of which, revenue from AIGC solutions amounted to RMB221.7 million, revenue from AI solutions amounted to RMB16.4 million and revenue from smart devices and other accessories amounted to RMB152.2 million.Pure Software Product AIGC Revenue Exceeds RMB220 Million, Realizing Sustainable Growth of AIGC Business ModelAs the Group's core business, the AIGC business has maintained strong growth in recent years. This is attributable to the Group's proactive adjustment of its business and revenue strategy away from increasing traditional AI project-based revenue (such as the business of Automobile Subsidiary A) and fully engaging in the sustainable growth of pure software AIGC productization business. For the years ending December 31, 2021, 2022, 2023 and 2024, AIGC revenue amounted to RMB6.8 million, RMB39.9 million, RMB117.6 million and RMB221.7 million respectively, accounting for 1.7%, 8.0%, 23.3% and 56.8% of the Group's total revenue respectively. It is worth mentioning that the Group's AIGC business grew by 88.5% year-on-year compared to 2023, truly achieving pure software, high margins and internationalization, and the Group has become the “No. 1 AIGC Company”.The growth of the AIGC business is attributable to the Group's pioneering technologies and the increasingly rich application of AIGC products. 2024 saw the Group's continuous efforts in the areas of AI intelligences, big models and digital people, and the formation of a complete matrix of AIGC products: AI dubbing assistant “Moyin Workshop” (the overseas version of “DupDub”), AI digital human doppelganger “Weta365” (the overseas version of “LivGen”), an enterprise AI interactive digital employee generation platform “AI Ask365”, and an AI video creation platform “Yuan365”, etc.Meanwhile, with business refinement, operational capability and brand influence further enhanced. As of December 31, 2024, the Group's AIGC will have more than 10 million registered users and more than 1 million paid users, and will continue to provide services to users from China, North America, Europe, Southeast Asia and other parts of the world.Adhering to the strategy of “product and model integration”, constantly breaking through the boundary of innovation“Product and model integration” has enabled AI application companies to increase their modeling capabilities. The Group is one of those companies that have taken “product and model integration” as a strategic guideline to build data and product barriers on the basis of advanced models (such as “Sequence Monkey” and DeepSeek).On the one hand, “product and model integration” can greatly improve efficiency, self-developed models can quickly respond to their own product needs, cost savings, private customization; on the other hand, the “data flywheel” effect can be formed, through the data to promote the product and the model of the dual self-iterative.From the model level, the Group insisted on model capability iterations in 2024, leading industry breakthroughs in AI intelligences, voice, digital people, video and images.For example, the Group has continuously upgraded the technology of its voice model engine, which has now been iterated to the seventh generation (TicVoice 7.0), and after applying it to “Moyin Workshop” and “DupDub”, not only does the product have supernatural voice cloning and cross-language generation capabilities, but also can be customized to meet the needs of users with boutique-exclusive voices.In the field of digital human, the Group released WetaAvatar 4.0, AI video dubbing and WetaAvatar 4.0 Talking Photo in 2024, which further upgraded Weta365's capabilities. “The case video of Weta365's cooperation with Yiwu Small Commodities once dominated New York's Times Square. In the future, both parties will bring better technical services to over 65,000 small merchants, truly enabling business without boundaries.In the area of AI intelligent bodies, the Group has continued to make in-depth efforts in the area of AI Agent and has landed a product that integrates big model, embodied intelligence and AI Agent, “Xiaoqian Mobile Digital Man”. It has a flexible and mobile body that can realize intelligent following, self-defined route cruising and intelligent obstacle avoidance. At the same time, it is equipped with leading models such as ““Sequence Monkey”” and “DeepSeek” to realize intelligent Q&A.In the future, the Group will continue to adhere to the core strategic anchor of “product and model integration” and promote the deep integration of technology and scenarios, so as to become a global benchmark practitioner of synergistic innovation between products and models.Continuing to build overseas products and focusing on globalized ecological layoutThe Group has a strong overseas gene and has accumulated valuable global business development experience, sales team and media resources during the early years of its hardware overseas products.In 2024, on the one hand, the Group upgraded its overseas AI dubbing product “DupDub”, which was highly recognized by creators from around the world. On the other hand, the Group launched “LivGen”, a one-stop digital human generation platform, which not only brings the ultimate creative experience to creators, but also helps enterprises build “24-hour AI staff without borders” with its rich digital human images and multilingual advantages, thereby realizing cost reduction and efficiency enhancement.In addition to building global products, the Group also focuses on global ecological deployment, and has become partners with international companies such as NVIDIA, Google, Qualcomm, DingTalk, Hicloud and Tencent Cloud to help the industry's ecological development.Fully embrace the AIization of organizations and be the forerunner of the smart business eraThe Group believes that “Organizational AI” will become the core path of enterprise evolution. In this regard, the Group will continue to promote the dual leap of organizational and product AI.Relying on its own technology, the Group will allow AI to penetrate into the operation and management of the organization through data infrastructure, the establishment of Agent workflow, and organizational transformation, so as to enhance the collaboration between AI and human beings, and allow AI to promote the innovation of production relationship and exponentially increase productivity.Looking ahead, the Group will build an AGI-driven future with its “product and model integration” strategy, a healthy and sustainable business model, and an open global ecosystem that anchors long-term value. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Dynasty’s Profit Attributable to Owners of The Company Increases by 57% ACN Newswire

Dynasty’s Profit Attributable to Owners of The Company Increases by 57%

Financial Highlights (Audited)(HKD Thousand)Year ended 31 December20242023ChangeRevenue271,372262,801+3%Gross Profit104,72090,666+16%Profit Attributable to Owners of the Company33,44021,338+57%Gross Profit Margin39%34%+5 p.p.Basic Earnings per Share (HK cents)2.371.62+0.75HK centsHONG KONG, Mar 29, 2025 - (ACN Newswire via SeaPRwire.com) - Dynasty Fine Wines Group Limited (“Dynasty” or “the Group”) (Stock Code: 00828), a premier grape winemaker in China, today announced its audited annual results for the year ended 31 December 2024 (“the Year”).In 2024, due to the improvement of sales benefited from the gradual economic recovery and continuous innovation in product and consumption scenarios of the Group, the revenue of the Group increased by 3% year-on-year to HK$271 million. And due to other gains arising from emoluments of certain former directors waived of approximately HK$12.2 million, the Group’s profit attributable to owners of the Company increased by 57% year-on-year to HK$33.4 million. Earnings per share of the Company (the “Share”) was HK2.37 cents per Share. The Board recommends resumption of dividend distribution and a final dividend of HK 0.35 cents per share for the year 2024.Sales of white wine products grew well over the year and served as the Group’s primary revenue contributor. Sales of red and white wines products accounted for approximately 41% and 56% for the year (2023: red and white wines: approximately 52% and 44%). The gross margin of red wine products and white wine products in 2024 were 37% and 41% respectively (2023: 32% and 38% respectively). The overall gross profit margin increased to 39% in 2024 (2023: 34%), mainly due to control in production costs and reduction in certain reimbursement of market expenses under sales arrangement during the year.The Group completed the development of the first phase of Tianxia Winery and its ancillary premises, located in the Pigeon Hill Wine Cultural Tourism Town in Qingtongxia City, Ningxia, in the third quarter of the year. The winery is situated nearby Eastern foothill of Helan mountain, Ningxia, which is one of the key quality grape producing regions in the PRC. It integrates pressing, fermentation, processing, testing and research and development as a whole, with an annual production and processing capacity of 5,000 tonnes. Pressing, fermentation, processing facilities had a pre-run in the third quarter of the year. The winery will become a new long-term and stable economic growth point of the Group and help the regional presence and layout of Dynasty wines, as well as aligning with the overall planning and industry planning for the development of China’s wine industry.During the year, the Group approved the set up of two joint venture companies, which have been established in February 2025, for the manufacturing and sales of yellow wine and Chenpi wine in Dongtai City, Jiangsu Province, the PRC and trading of sauce-flavour baijiu products nationwide respectively. For the yellow wine project, construction of a manufacturing plant with a tank capacity of 3,000 tonnes of yellow wine and special yellow wine – Chenpi wine in Jiangsu will be kick-started by the joint venture company in the first half of 2025. The plan starts with special yellow wine – Dongtai Chenpi Wine with a goal to effectively expand product categories, seize development opportunities in the Chinese yellow wine industry, and achieve a major strategic move towards high-quality development of the wine industry. For the sauce-flavour baijiu segment, Dynasty Group’s strategic involvement in this field is an attempt to break through the current wine category innovation. By integrating upstream and downstream related parties to jointly establish a new company, we construct a business model of benefit sharing, risk sharing, continuous cooperation and innovation mechanism. Dynasty sauce-flavour baijiu products, namely ‘Han’, ‘Tang ’, ’Song ’ and ‘Ming ’ are newly launched to the market, satisfying the needs of customer groups with different spending habits and contributing to the Group’s business. In the future, the continuous development and expansion of the sauce-flavour baijiu industry and the enduring improvement of the level of customer groups will inevitably and effectively drive the increase in the sales scale of Dynasty wine and related products, thereby enhancing our industry influence and brand awareness.The Group has been actively pursuing innovation, embracing the “5+4+N” product strategy, with “N” standing for developing various customised products and continuously creating new products to meet the diverse needs of different Chinese consumer groups. During the year, the Group launched a new high-end product, i.e.Dynasty Chinese Zodiac Commemorative Dry Red Wine for the Jia Chen Year of Dragon, integrating the high quality wine with the Chinese zodiac culture and the leading rise of Chinese-style fashionable products. In addition, based on its existing high-quality products, the Group continues to introduce new products and promote product upgrades. It launched a new product, Inherit Series “Passing on the Glory, Continuing the Brilliant Heritage”, at the 110th China Food & Drinks Fair in March 2024, as well as other new products launched in the year such as Long Yun Series, Cabernet Reserve, etc., to further improve its product matrix and provide consumers with diverse consumption choices. With leading and well-proven technologies it prides, the Group carried out comprehensive upgrade of its production techniques, packaging design, etc. With China chic on the rise, the new upgraded design is set to resonate with Chinese consumers who are proud of their culture, help strengthen awareness of the Dynasty brand and attract mainstream consumers fancying China-made products and China chic.In addition to enriching the product matrix, the Group has been accelerating the innovation of consumption scenarios and enhancing and strengthening the wine cultural experience. In June and July 2024, Dynasty Starry Wine Bars were officially opened in Tianjin, the base of Dynasty. Starry Wine Bar is a pop-up offline bar meticulously designed by Dynasty to innovate the product experience, meet the diversified needs of consumers, and create new consumption scenarios in the country. It is committed to making consumers feel the warmth of the brand and recognise the value of the brand, thereby attracting more consumers through innovation. During the year, the Group continued to develop the “Dynasty Tavern” through online channels, creating a series of product promotion articles on the WeChat official account of Dynasty Wines, and promoting Dynasty’s major mainstream products using new media formats. In addition, it integrated the night market environment to expand various wine drinking scenarios and promote Dynasty’s younger products.Regarding online sales, the e-commerce team of the Group comprehensively operates online stores itself on the traditional ecommerce platforms, such as JD.com , Tmall and Pinduoduo for product sales, as well as comprehensive innovation on its brand, product categories, and business systems, procedures and models via interest-based e-commerce platforms, including Rednote , Kuai and TikTok during the year. The Group continues investing resources in a timely manner for improvement of the online sales channels and optimisation of online stores interface so as to capture the change of customer consumption behaviour in the PRC. During the year, the Group kept promoting the exclusive products series for e-commerce platforms through channels such as live streaming or broadcasting, in addition to mere presence on mainstream traditional e-commerce platforms which kept growing. Efforts have been made by the Group to consolidate the existing channels and improve their effectiveness as well as the profitability on its interest-based e-commerce coverage. Thus, the e-commerce sales consolidated with a certain decrease during the year, but a prominent improvement has been made with an overall profit achieved when compared with last year. The Group believes that the online platforms not only serve as business-to-customer trading platforms between the Group and the consumers, but also additional marketing and promotion channels for the brand, which can enhance the overall business potential of the Group.Mr. Wan Shoupeng, Chairman of Dynasty, concluded, “Looking ahead to 2025, the Group will continue to focus on market and consumer demand, reinvent consumption scenarios and promote product quality. At the same time, the Group will continue to innovate marketing strategies to stimulate brand vitality, further expand the market share of Dynasty’s products, strengthen Dynasty’s brand image as a representative of domestic wines. The Group will further strengthen presence in Ningxia and Xinjiang to secure the supply of quality grapes and grape juice. Following the completion of Tianxia Winery (Phase I) in Ningxia, related new quality wines brewed from locally sourced premier grapes and grape juice will be launched, heeding different market and consumer demands. In addition to our commitment to core wine business in the PRC, the Group will further develop new alcoholic beverages segments such as sauce-flavour baijiu, yellow wine and special yellow wine - Chenpi wine, through the newly set up joint venture companies in 2025, so as to diversify the sources of revenue. In view of the continual resumption of economic growth and consumption in the PRC, the Board currently remains cautiously optimistic on the business in 2025. The Group will continue to proactively develop new marketing prospects through innovation in products categories and consumption scenarios, and cross-industry co-operations in order to boost sales volume, which is in line with the country’s effort to promote domestic consumption and release the consumption growth potential.”About Dynasty Fine Wines Group LimitedDynasty Fine Wines Group Limited was listed on the Main Board of The Stock Exchange of Hong Kong Limited with the stock code 00828 on 26 January 2005. Founded in 1980, Dynasty is the premier grape winemaker in China. It is principally engaged in the production and sale of grape wine products under its reputable “Dynasty” brand. Dynasty is the first Sino-foreign joint venture wine company in China with Tianjin Food Group Limited and the French grape wine giant, Remy Cointreau, as its current major shareholders. The Group produces and sells more than 100 grape wine product series, and introduces imported wine products, providing high-quality and value-for-money grape wines to the full range of consumer groups in China. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Tingyi (Cayman Islands) Holding Corp. ‘Dual-wheel Drive of Product Structure & Operational Efficiency’ to Enhance Profitability in 2024 with GPM Improving to 33.1% and EBITDA Rising 17.3% ACN Newswire

Tingyi (Cayman Islands) Holding Corp. ‘Dual-wheel Drive of Product Structure & Operational Efficiency’ to Enhance Profitability in 2024 with GPM Improving to 33.1% and EBITDA Rising 17.3%

HONG KONG, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - On March 24, 2025, Tingyi (Cayman Islands) Holding Corp. (0322.HK, the “Company”, together with its subsidiaries, the “Group”) is pleased to announce its 2024 annual results. In 2024, facing numerous challenges brought about by a complex environment, the Group adhered to long-termism, actively promoted high-quality development, continuously optimized its product structure, actively advanced innovation and upgrading, strengthened channel construction, and accurately captured consumption trends, and achieved steady growth in various financial indicators. For the twelve months ended December 31, 2024, the Group’s revenue grew 0.3% year-on-year to RMB80.651 billion. Among these, the revenue from Instant Noodles was RMB28.414 billion, while the revenue from Beverages was RMB51.621 billion. Gross profit margin improved by 2.7 percentage points year-on-year to 33.1%. EBITDA grew 17.3% year-on-year to RMB9.628 billion. The board of directors proposed to distribute a final dividend of RMB33.14 cents per common share and a special dividend of RMB33.14 cents per common share. The dividend payout ratio for the year reached 100%.Financial Summary For the twelve months ended 31 December RMB’00020242023ChangeRevenue80,650,91480,418,075↑ 0.3%Gross margin33.1%30.4%↑ 2.7 ppt.Gross profit of the Group26,695,64324,467,089↑ 9.1%EBITDA9,627,8028,206,526↑ 17.3%Profit for the period4,322,1353,516,667↑ 22.9%Profit attributable to owners of the Company3,734,4293,117,461↑ 19.8%Earnings per share (RMB cents) Basic66.2855.33↑ 10.95centsDiluted66.2855.31↑ 10.97centsAs at 31 December 2024, cash at bank and on hand (including long-term time deposits) was RMB16,002.668 million, representing an increase of RMB1,264.287 million when compared to 31 December 2023. Gearing ratio was -19.3%.In 2024, China’s economy maintained steady growth. with GDP growing by 5.0% YoY, and the CPI increasing slightly by 0.2%. Against this macro-economic backdrop, consumer behaviour patterns changed, showing a more cautious and rational consumption tendency. Their attention to emotional value, health, green environmental protection, quality and cost effectiveness increased significantly. At the same time, shopping channels kept evolving, with offline hypermarkets declining, warehouse membership stores growing, and proximity-based small-format retail, including grocery stores and small supermarkets showing considerable market growth potential. In the face of consumption changes and channel reforms, enterprises needed to gain precise insights into consumer demands, grasp channel development trends, innovate products tailored to consumer needs, capture market opportunities, and earn consumer trust. This enabled them to achieve steady growth and high-quality development in an intensely competitive market.In 2024, the gross profit of the Instant Noodles business improved steadily. The revenue from Instant Noodles business was RMB28.414 billion, declining by 1.3% year-on-year, accounting for 35.2% of the Group’s total revenue. During the year, due to favourable selling prices and raw material prices, the gross profit margin of Instant Noodles business grew 1.6 percentage points year-on-year to 28.6%, which offset the impact of revenue decline. As a result of the year-on-year increase in gross profit margin, the profit attributable to shareholders of the Company in the Instant Noodles segment grew 1.8% year-on-year to RMB2.045 billion. During the year, in an increasingly differentiated market environment, the Instant Noodle business continued to focus on its core products, driving upgrades and iterations, optimizing marketing strategies, and gradually improving the gross profit structure. Through cooperation with reputable IP/brand ambassadors, the business launched the "brand vehicle" mobile marketing model, engaging directly with young consumer groups in high-traffic areas such as campuses. These efforts significantly enhanced brand awareness and influence. In addition, efforts were made to stay on top of transforming consumer shopping habits and seize the emerging channels opportunities. At the same time, adhering to aerospace quality as the benchmark, the Group introduced advanced aerospace food technology, becoming the first enterprise in the instant noodles industry to obtain the patent for aerospace application. This further consolidated and demonstrated the product quality advantages and technological strength, playing a leading role in driving high-quality industry development.In 2024, The overall revenue from Beverage business was RMB51.621 billion, with a year-on-year growth of 1.3%, accounting for 64.0% of the Group’s total revenue. During the year, benefiting from favourable product pricing strategies, the gross profit margin of Beverage business grew 3.2 percentage points year-on-year to 35.3%. As a result of the increase in gross profit margin, the profit attributable to the shareholders of the Company in the Beverage segment grew 52.3% year-on-year to RMB1.919 billion. During the year, the Beverage business focused on building scale advantages. It continued to consolidate its core categories while strategically expanding into new ones. By carefully introducing sugar-free products, it aimed to meet consumer demand for health and functional benefits while actively broadening its product range. Through a series of measures including optimizing category management, expanding emerging channels, improving distribution service quality, implementing precise cost control, increasing capital turnover efficiency, and enhancing supply chain effectiveness, the Group remained committed to improving operational efficiency and driving steady development and sustainable growth.Mr. Richard Chen, Chief Executive Officer, commented, “In 2025, the core driving force for China's economic growth is expected to rely on domestic demand. The Group will always adhere to the development strategy of “Consolidate, Reform and Develop”, continue to deeply cultivate its main business, deepen its sustainable development, and strive to achieve high-quality development. The Group will continue to increase investment in product innovation, brand building, and channel expansion, accurately capture market trends, establish an innovation mechanism oriented towards consumer needs, and further deepen the emotional connection between the brand and consumers. With precise market insights and well-planned channel strategies, it will continuously optimize channel efficiency and service quality. At the same time, it will actively promote lean procurement management and significantly improve intelligent management levels through the comprehensive application of digitalization and AI technologies. We will adhere to the concept of sustainable development, actively fulfil social responsibilities, strive to provide high-quality services to customers, create long-term value for consumers, achieve sustainable and substantial returns for shareholders, and build Tingyi into a National Brand that is trusted by the government, creates win-win partnerships, and is widely recognized and favoured by consumers.”About Tingyi (Cayman Islands) Holding Corp. (0322.HK)Tingyi (Cayman Islands) Holding Corp. (the “Company”), and its subsidiaries (the “Group”) specialise in the production and distribution of instant noodles and beverages in the People’s Republic of China (the “PRC”). The Group started its instant noodle business in 1992, and expanded into instant food business and beverage business in 1996. In March 2012, the Group further expanded its beverage business by forming a strategic alliance with PepsiCo for the beverage business in the PRC. The Company exclusively manufactures, bottles, packages, distributes and sells PepsiCo soft drinks in the PRC. After years of hard work and accumulation, “Master Kong” has become one of the best-known brands among consumers in the PRC.Investor Enquiries:Investor Relations Team, Tingyi (Cayman Islands) Holding Corp.E-mail: ir@tingyi.comChristensen China LimitedE-mail: stephanie.chen@christensencomms.comTel: +852 2117 0861 Copyright 2025 ACN Newswire via SeaPRwire.com.
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Tavo Makes Local Debut with Maeve, Singapore’s First Pet Car Seat Tested Against Children’s Safety Standards ACN Newswire

Tavo Makes Local Debut with Maeve, Singapore’s First Pet Car Seat Tested Against Children’s Safety Standards

SINGAPORE, Mar 27, 2025 - (ACN Newswire via SeaPRwire.com) - Say hello to Tavo, the new name in pet mobility that is about to revolutionise the way pets travel. From the creators of Nuna, the globally renowned Dutch premium baby gear, Tavo makes its highly anticipated debut in Singapore with the Maeve™ 3-in-1 Pet Protection System, the first pet car seat in Singapore rigorously tested against international children’s safety standards.Drawing upon Nuna’s decades of safety innovation in baby gear, Tavo applies the same high standards of safety and innovation to pet travel. Designed for modern “pawrents” seeking enhanced protection, confidence, and peace of mind, Tavo redefines pet mobility by seamlessly combining premium materials, timeless aesthetics, and unmatched functionality—because pets deserve the same level of safety and comfort as our little ones.In a city where pets are truly family, Singapore’s pet-loving community continues to grow, with 34% of Singaporeans owning a pet and an increasing demand for safer, high-quality, and more comfortable pet travel solutions. Tavo is shaking up the pet mobility space with a first-of-its-kind travel system that fuses safety, functionality, and aesthetics, promising innovation and security on each journey with your cherished companion."We believe pets are members of the family. Nuna has dedicated years to pioneering innovation in child safety, and now, we're excited to extend that commitment to our four-legged companions with Tavo," said Austin Hodges, Global Chief Marketing Officer at Nuna Baby. "Our goal for providing the best in safety and comfort knows no bounds, whether it's for your little one or pets."Helen Johnson, Marketing Director at Tavo adds, “Protection is what makes the Maeve such a must needed product for pet owners. Not only does it protect your pet, but it also protects others traveling with you, it reduces distractions, keeps your car clean and fur-free, and offers a comforting cocoon for every journey.”Maeve™ 3-in-1 Pet Protection System: Where Safety Meets Thoughtful DesignBringing a new level of protection and convenience to pet owners on the move, the award-winning1 Maeve™ Pet Protection System offers an all-in-one solution for pets—whether furry, scaly, young, or senior—designed to keep them secure and comfortable at home, in the car, or on a walk. The 3-in-1 Pet Protection System includes:Maeve Carrier: A secure, well-ventilated pet carrier crafted with plush interiors and breathable mesh panels for comfortVehicle Base: An integrated secure locking mechanism using ISOFIX and dynamic stability controls, ensuring pets stay safe on the roadRoscoe™ Foldable Stroller Frame: A sleek and lightweight frame designed for effortless mobility, with refined details for a polished finishAt the core of the Maeve™ Pet Protection System is an unwavering commitment to safety through cutting- edge engineering and technology. Unlike traditional pet carriers, the Maeve™ system is benchmarked against the latest United Nations ECE R129 child restraint regulations, setting a new global standard for pet protection. Rigorously crash-tested at dynamic testing facilities, it incorporates shock-absorbing technology and impact-resistant materials, safeguarding pets while shielding vehicle occupants against sudden stops and collisions.In addition, the system also boasts ergonomically engineered attachment points and a smart harness integration that work in harmony to prevent accidental escapes, enhancing overall security, and providing a level of confidence that truly redefines the standard of care on the road.The Maeve™ with ISOFIX base starts at S$699, available in five luxe colourways: Onyx, Fawn, Merle, Sable, and Brindle. There are also coordinating options for the Roscoe stroller frame, which is accented with vegan leather details in black, cognac, and chocolate, for combining form and function for an elevated travel experience. The stroller frame can also be purchased separately, and features a compact fold for easy storage.The full collection is now available at iShopChangi, with additional pet protection travel gear launching soon.Following its successful launch in over 22 countries, Tavo is set to redefine pet mobility in Singapore with a commitment to safety, quality, and thoughtful craftsmanship. As the brand looks to expand further into the region in the coming months, it will continue to pave the way for a new era of pet travel – where protection meets effortless style.1 Winner of Red Dot Product Design Award 2024, European Product Design Award (EPDA) 2024 – Top Design in Pet Supplies: Safety About NunaNuna, the global brand with Dutch roots, has been focusing on creating smart, helpful and bold baby gear since 2007. First-hand experiences in parenthood show that practicality and beauty is the perfect balance when it comes to Nuna's clever solutions that span across car seat, stroller, and in-home categories. Inspired by the clean lines and ingenuity of Dutch design, the collection is as easy, safe, and as flexible as new parents need it to be. With thoughtful design put into every detail, Nuna designs around your life. Find out more at https://nunababy.com/sg.About TavoTavo is a revolutionary pet protection brand from the makers of Nuna Baby, created to redefine pet travel with a perfect blend of safety, style and innovation. With premium materials, timeless aesthetics, and rigorous safety testing, Tavo provides pets and their people with perfect travel experiences. Whether you're on a daily outing or an extended journey, Tavo ensures your pet travels safely anywhere. To learn more about Tavo, visit https://tavopets.com/sg/. Press ContactFor media queries, please contact:PRecious Communications for Tavotavopets@preciouscomms.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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DPC Dash – Domino's Pizza China 2024 Full-Year Performance Soars: Strategic Deepening and Efficiency Improvement Forge Profit Milestone

HONG KONG, Mar 28, 2025 - (ACN Newswire) - China's consumer market has shown strong resilience, driven by policy guidance and demand release. In 2024, domestic consumer market vitality strengthened as consumer enthusiasm grew steadily, and experts predict that consumption will maintain a trend of stable growth in 2025. Against this backdrop of steady growth in the consumer market, DPC Dash – Domino’s Pizza China released its full-year earnings results on March 27, 2025, reaffirming its leading position in the Chinese pizza market with an impressive report card that combines scale and quality. In 2024, DPC Dash, Domino's Pizza's exclusive master franchisee in the China Mainland, the Hong Kong Special Administrative Region of China, and the Macau Special Administrative Region of China, achieved sustainable growth and profitability in the promising Chinese pizza market driven by its 4D strategy: Development, Delicious Pizza at Value, Delivery, and Digital. The company's annual revenues reached RMB4.31 billion, a year-on-year increase of 41.4%, and adjusted net profit surged 1,394.2% year-on-year, with the Company achieving both positive annual as-reported and adjusted net profit for the first time. Strategic Deepening: Full-Chain Competitiveness from Store Network to Digitalization DPC Dash’s growth momentum stems from its continuous deepening of the 4D strategy. In terms of store network development, the company adopted a "go deeper, go broader" store network strategy, with a net increase of 240 stores throughout the year and nearly 90% of new stores located in cities outside of the top tier, bringing the total number of stores to over 1,008, covering 39 cities in mainland China. The accelerated expansion of the store network reflects DPC Dash's strong confidence in seizing market opportunities. According to Frost & Sullivan data, DPC Dash ranked second in pizza sales nationwide in 2024. As of December 31, 2024, the Chinese mainland market ranked as the third-largest Domino's Pizza international market by store count. At the beginning of 2025, the Company’s entry into six new cities, including Nanchang and Yantai, further expanded the national market layout, demonstrating the company's ongoing commitment to its expansion strategy. DPC Dash announced plans to open approximately 300 new stores in 2025. From early 2025 to March 14, 2025, it has opened an additional 82 stores, with 26 stores under construction, and 62 stores signed, securing 56% of its annual opening target and placing the Company firmly on track to complete the high-quality store expansion plan on schedule. Meanwhile, new stores in new cities are showing strong sales momentum, gradually enhancing the brand's influence. The Shenyang debut store set a new global record with approximately RMB11.1 million in revenue during its first month. The payback periods for the 80 new stores that opened in 18 new cities between December 2023 and December 2024 average 12 months. As of early 2025, DPC Dash holds all 40 top positions in Domino's global system for first 30-day sales, proving the brand's explosive appeal in mainland Chinese cities. Both store-level and company-level profitability indicators have significantly improved, with store-level operating profit and store-level operating profit margin continuing to grow, while adjusted net profit improved nearly tenfold. A robust product portfolio and operational efficiency synergy combine to provide another growth engine for DPC Dash. Through innovative combinations of 30 pizza varieties and approximately 20 crust options, DPC Dash accurately captures local consumer preferences, driving repeat purchases among young customers with various popular crusts. Due to high dine-in and carry-out demand in new markets, the Company suspended delivery services temporarily at some locations to meet consumers’ needs, with plans to gradually resume them at appropriate times, which also provides a potential source of future growth. Relying on central kitchens and a digital delivery system, DPC Dash’s "30-minute delivery" and supply chain efficiency optimization not only ensures user experience but also drives store-level operating profit margin up to 14.5%. A breakthrough in digital capabilities is another highlight. In 2024, the company won several awards, including the Best Digitalization Award (Food and Dining Category) at the 15th Tiger Roar Awards and Top 20 Digitalized Enterprise by CDIE 2024. The digital-driven order system and refined operations of over 24.5 million members continuously improve labor efficiency and store efficiency. Classic promotional activities such as “Crazy Tuesday & Wednesday" and "Mega Week (BOGO)" on its self-operated online ordering channels in select cities, along with multiple limited-time brand collaboration activities with Tencent, NetEase and others, further enhanced consumer goodwill and strengthened consumer-brand interaction in 2024. Additionally, the intelligent transformation of the supply chain infrastructure will gradually reduce costs, providing underlying support for profitability improvement. Industry Resonance: Positioning in the Hundred-Billion Market, Globalization and Localization Progress Together DPC Dash’s explosive growth is closely intertwined with the release of industry dividends. According to data from industry research reports, the scale of China's pizza market is expected to reach RMB60.8 billion in 2025 and exceed RMB77.1 billion in 2027, with a compound annual growth rate of 15%. The online market opportunities are opening up incremental space for leading brands. In 2022, the online share of China's pizza industry surpassed offline at 58.1%, and the industry will further accelerate its digital transformation. DPC Dash continues to expand its market share with its first-mover advantage in the digital delivery system. The combination of global resources and localized innovation further strengthens its competitive advantages. Backed by the brand reputation and R&D experience of over 21,300 Domino's Pizza stores worldwide, the company can bring a global experience through signature products while offering localized flavors for Chinese consumers. This “international gene plus local operation" model creates a dual moat in brand recognition and product adaptability. Future Blueprint: Dual Symphony of Scale Expansion and Deepening Efficiency In 2024, DPC Dash successfully opened its 1,000th store in Chengdu, Sichuan, marking an important milestone in the company's development history. Standing on the milestone of its first thousand stores, DPC Dash is accelerating towards the next stage. Recognition from the capital market also injects confidence into the Company’s sustainable development . In 2024, it was selected as a constituent stock for the Hong Kong Hang Seng Composite Index, and included in both the Shanghai-Hong Kong Stock Connect Program and the Shenzhen-Hong Kong Stock Connect Program. DPC Dash was also included in New Fortune's "2024 Best Hong Kong Listed Companies" ranking, and received the 2023 Best IPO Award from China Financial Market 2024 and other accolades. Since its IPO in 2023, as of the date of this article, the Company's stock price has risen nearly 120% from the issue price of HK$46, with a market capitalization exceeding HK$13 billion. Its liquidity has also significantly improved. As industry concentration increases and consumption upgrade trends deepen, DPC Dash, with its strategic determination and execution capabilities, is positioned to continue to lead in the hundred-billion market, writing a new chapter of steady growth.
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Smart Lighting Expo and Spring Lighting Fair to open in April ACN Newswire

Smart Lighting Expo and Spring Lighting Fair to open in April

- With total exports of lighting products on the rise and strong demand for smart lighting products, the two lighting fairs in early April will bring together some 1,000 exhibitors to showcase a wide range of the latest lighting products.- The Smart Lighting Expo returns to showcase innovative smart lighting products, solutions and smart connected lighting technologies- The Greenovation zone debuts this year at the Spring Lighting Fair, showcasing green lighting and smart home products and innovationsHONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - The 2nd Smart Lighting Expo and 16th Hong Kong International Lighting Fair (Spring Edition), organised by the Hong Kong Trade Development Council (HKTDC), will open from 6 to 9 April at the Hong Kong Convention and Exhibition Centre, showcasing innovative and eco-friendly lighting solutions. The two fairs will bring together some 1,000 exhibitors, providing buyers with a one-stop sourcing platform to meet the ever-changing market needs. The Smart Lighting Expo continues to be an event during Business of Innovation & Technology Week (BIT Week).Sophia Chong, Deputy Executive Director of the HKTDC, said: “This year, the theme of the twin lighting fairs is Go Smart Live Green, presenting products and technologies from the smart lighting supply chain and traditional lighting products to enhance smart living and promote sustainability. Despite the challenges in the global economy and exports, the performance of lighting products remains satisfactory, with Hong Kong's total exports of lighting products increasing by 5 percent in 2024. The major export markets were the Mainland China, the EU and United States, demonstrating the growth potential of these products, especially smart lighting products.”Smart Lighting Products experience ideal growthAccording to Global Market Insights, the international smart lighting market size was valued at US$15.8 billion in 2024 and is estimated to grow at a 19.3% compound annual growth rate from 2025 to 2034. This growth is driven by several factors including smart city initiatives, the rapid expansion of smart home technologies, and ongoing technological innovations in smart lighting solutions.The Smart Lighting Expo returns this year and offers a comprehensive platform for the entire supply chain, showcasing smart lighting technologies, human-centric designs, energy-efficient innovations and much more. In addition to the ‘Smart Lighting Products & Solutions’ and ‘Connected Lighting Technologies’ zones, this year's Expo will also feature exhibitors of Digital Displays & Signage for the first time, focusing on advanced solutions in response to the growing demand for digital displays and signage in the global market.The Shanghai Pudong Intelligent Lighting Association will return and host the Smart Ecosystem and IoT Supply Chain Area, featuring brands such as Bweetech, Creatrol Intelligence, LEDiFUTURE, Shuncom AIoT, TYF and many more. In addition, there will be group pavilions from Guangdong - Hong Kong – Macao Greater Bay Area with two new pavilions from Shenzhen, including a SZSA Smart Lighting Pavilion brought by Shenzhen Semiconductor Association, and the returning Zhongshan Pavilion, presenting a wide array of innovative lighting solutions.Spring Lighting Fair launches Greenovation zoneThe concurrent Spring Lighting Fair will continue to serve as a one-stop trading platform for diverse lighting products. This year sees the brand new Greenovation zone which will showcase green lighting and smart home products in response to the increasing demand for sustainable solutions. At the Hall of Aurora, more than 170 renowned brands will showcase innovative lighting products and technologies while other lighting product zones include commercial, decorative, residential, technical and accessories.Quality design and innovative technology act as great value-addersEach year, the expo showcases breakthrough lighting products with added value and innovative design elements. The do it yourself (DIY) market continues to thrive, with related lighting products gaining more popularity. One standout product is the Leaves DIY camping light, from KTE Electrical Limited (booth 1E-E24), which won an iF Award. It utilises flexible tracks as carriers and a portable battery as the main power supply, enabling a diversified light connection that makes camping activities more exciting. Another notable product is XRibbon, an ultra-thin LED light strip from Huitron Limited (booth: 1E-C24). Crafted from a flexible material and offering customisable light colours, it is ideal for indoor and outdoor decorative applications. This product has also received the Red Dot Design Award.In addition to great designs, many manufacturers incorporate technological elements to their products, such as artificial intelligence (AI) and Internet of Things (IoT) solutions, to enhance product intelligence. Kinglumi Co., Ltd's Caimeta AIoT (booth: 1B-A10) is a secure, digital and Intelligent IoT platform that provides end-to-end connected lighting solutions tailored for the retail, commercial, residential, education, and hospitality sectors. Shanghai Shuncom Aiot Co., Ltd. (Booth: 1A-C13) offers intelligent building internet solutions for systems such as energy consumption, security, environmental monitoring, lighting control and more, facilitating efficient intelligent building management.Lighting products are widely used in large-scale projectsMany products showcased at the two fairs have already been applied to various large-scale projects. Located at the Greenovation zone, Essence Sanitary Ware’s LED mirror (booth: 3E-C01) combines advanced light control technology to offer smart lighting solutions, featuring adjustable brightness and anti-fog technology. It is equipped with a magnifying mirror, Bluetooth speakers, a digital clock, Wi-Fi weather updates, USB ports, a wireless charging shaving socket, and a smart panel to enhance comfort and convenience. This innovative product is adopted in the residential sector and major hotel projects in the United States, including Hilton and Marriott. At the Hall of Aurora, Hong Kong’s ODM Master Limited (Booth 1E-D28), will present its Deco Pixel Bar that is suitable for any building wall or facade, even narrow ones, that has already been installed in many commercial buildings.Experts discuss market trendsIn addition to showcasing products, the twin lighting fairs will feature forums where industry players will share their insights on the latest trends and developments in the lighting industry. These forums provide a valuable platform for knowledge exchange and networking among industry professionals. The Asian Lighting Forum will take place on 6 April to facilitate the lighting industry to adapt to the latest market standards and illustrate the Environmental, Social, and Governance (ESG)development through case studies. The following day, industry experts will present technological advancements in human-centric lighting and comprehensive intelligent customised lighting application across different scenarios in the Smart Lighting Solution Forum.Providing Buyers with a seamless sourcing journeyThe events will adopt the EXHIBITION+ hybrid model, enhanced by the "Click2Match" online smart business matching platform, available from 30 March to 16 April and "Scan2Match" will be also available at the fairs, serving as a feature designed to bridge offline and online interactions. With the HKTDC Marketplace App, buyers can scan dedicated QR codes from exhibitors to bookmark their favourites, access product information, view electronic floor plans, and engage in conversations with exhibitors even after the fair, allowing them to seamlessly continue their sourcing journey.To attract exhibitors and buyers from key markets, the HKTDC is offering special airfare deals and value-for-money hotel accommodation while more than 40 hotels are offering special booking discounts for trade buyers and four airlines are providing discounted airfares for overseas buyers and exhibitors. For more details, please visit the fair websites.Business of Innovation & Technology Week (BIT Week) packed with innovation eventsDriven by the Government of the Hong Kong Special Administrative Region’s Innovation, Technology and Industry Bureau and the HKTDC, the Business of Innovation & Technology Week (BIT Week) in April 2025 brings together a series of tech-related exhibitions, conferences, seminars, roundtables and networking events in Hong Kong, setting the perfect scene for industry exchanges and cross-disciplinary collaborations. A series of exciting events during the week, including the Smart Lighting Expo, InnoEX, Hong Kong Electronics Fair (Spring Edition), Hong Kong Web3 Festival and the Hong Kong World Youth Science Conference, are must-attend technology events for the industry.Photo download: https://bit.ly/445yo42The 2nd Smart Lighting Expo and 16th Hong Kong International Lighting Fair (Spring Edition), will open from 6 to 9 April 2025, bringing together some 1,000 exhibitors. Photo shows the scene at the two fairs last yearSmart Lighting Expo returns to showcase the latest smart lighting products and solutionsIn collaboration with Shanghai Pudong Intelligent Lighting Association, the Smart Ecosystem and IoT Supply Chain Area in Smart Lighting Expo will showcase the latest lighting solutions from renowned brands. Photo shows the scene at the zone last yearThe Greenovation zone will debut at the Spring Lighting Fair, showcasing innovative green lighting and smart home productsSpring Lighting Fair’s Hall of Aurora, will see more than 170 renowned brands and showcasing innovative lighting products and technologies. Photo shows the scene at the zone last yearAsian Lighting Forum and Smart Lighting Solution Forum will take place on 6 April and 7 April respectively, with Industry experts sharing the newest trends and developments in the lighting industry. Photo shows the scene of last year's Asian Lighting ForumFair informationDateOpening hours6-8 April 2024 (Sunday to Tuesday)9:30am – 6:30pm9 April 2024 (Wednesday)9:30am – 5pmVenueHall 1A-E and 3C-E, Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wan ChaiPress registration counter and media centreFor registration, could members of the press please present their name cards and press passes at the counter located at the concourse of Hall 1CD, Hong Kong Convention and Exhibition Centre, or visit the HKTDC media centre (G/F of Hong Kong Convention and Exhibition Centre near the Expo Drive entrance)Fair websitesSmart Lighting Expo: smartlightingexpo.hktdc.comHong Kong International Lighting Fair (Spring Edition): hklightingfairse.hktdc.comActivity schedule: https://www.hktdc.com/event/smartlightingexpo/en/programmeHKTDC Media Centre: https://mediaroom.hktdc.com/enMedia enquiriesPlease contact HKTDC’s Communication & Public Affairs Department:Stanley SoTel: (852) 2584 4049Email: stanley.hp.so@hktdc.orgSerena CheungTel: (852) 2584 4272Email: serena.hm.cheung@hktdc.orgClayton LauwTel: (852) 2584 4472Email: clayton.y.lawuw@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.
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DPC Dash – Domino’s Pizza China 2024 Full-Year Performance Soars: Strategic Deepening and Efficiency Improvement Forge Profit Milestone

HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - China's consumer market has shown strong resilience, driven by policy guidance and demand release. In 2024, domestic consumer market vitality strengthened as consumer enthusiasm grew steadily, and experts predict that consumption will maintain a trend of stable growth in 2025.Against this backdrop of steady growth in the consumer market, DPC Dash – Domino’s Pizza China released its full-year earnings results on March 27, 2025, reaffirming its leading position in the Chinese pizza market with an impressive report card that combines scale and quality. In 2024, DPC Dash, Domino's Pizza's exclusive master franchisee in the China Mainland, the Hong Kong Special Administrative Region of China, and the Macau Special Administrative Region of China, achieved sustainable growth and profitability in the promising Chinese pizza market driven by its 4D strategy: Development, Delicious Pizza at Value, Delivery, and Digital. The company's annual revenues reached RMB4.31 billion, a year-on-year increase of 41.4%, and adjusted net profit surged 1,394.2% year-on-year, with the Company achieving both positive annual as-reported and adjusted net profit for the first time.Strategic Deepening: Full-Chain Competitiveness from Store Network to DigitalizationDPC Dash’s growth momentum stems from its continuous deepening of the 4D strategy. In terms of store network development, the company adopted a "go deeper, go broader" store network strategy, with a net increase of 240 stores throughout the year and nearly 90% of new stores located in cities outside of the top tier, bringing the total number of stores to over 1,008, covering 39 cities in mainland China. The accelerated expansion of the store network reflects DPC Dash's strong confidence in seizing market opportunities. According to Frost & Sullivan data, DPC Dash ranked second in pizza sales nationwide in 2024. As of December 31, 2024, the Chinese mainland market ranked as the third-largest Domino's Pizza international market by store count.At the beginning of 2025, the Company’s entry into six new cities, including Nanchang and Yantai, further expanded the national market layout, demonstrating the company's ongoing commitment to its expansion strategy. DPC Dash announced plans to open approximately 300 new stores in 2025. From early 2025 to March 14, 2025, it has opened an additional 82 stores, with 26 stores under construction, and 62 stores signed, securing 56% of its annual opening target and placing the Company firmly on track to complete the high-quality store expansion plan on schedule.Meanwhile, new stores in new cities are showing strong sales momentum, gradually enhancing the brand's influence. The Shenyang debut store set a new global record with approximately RMB11.1 million in revenue during its first month. The payback periods for the 80 new stores that opened in 18 new cities between December 2023 and December 2024 average 12 months. As of early 2025, DPC Dash holds all 40 top positions in Domino's global system for first 30-day sales, proving the brand's explosive appeal in mainland Chinese cities. Both store-level and company-level profitability indicators have significantly improved, with store-level operating profit and store-level operating profit margin continuing to grow, while adjusted net profit improved nearly tenfold.A robust product portfolio and operational efficiency synergy combine to provide another growth engine for DPC Dash. Through innovative combinations of 30 pizza varieties and approximately 20 crust options, DPC Dash accurately captures local consumer preferences, driving repeat purchases among young customers with various popular crusts. Due to high dine-in and carry-out demand in new markets, the Company suspended delivery services temporarily at some locations to meet consumers’ needs, with plans to gradually resume them at appropriate times, which also provides a potential source of future growth. Relying on central kitchens and a digital delivery system, DPC Dash’s "30-minute delivery" and supply chain efficiency optimization not only ensures user experience but also drives store-level operating profit margin up to 14.5%.A breakthrough in digital capabilities is another highlight. In 2024, the company won several awards, including the Best Digitalization Award (Food and Dining Category) at the 15th Tiger Roar Awards and Top 20 Digitalized Enterprise by CDIE 2024. The digital-driven order system and refined operations of over 24.5 million members continuously improve labor efficiency and store efficiency. Classic promotional activities such as “Crazy Tuesday & Wednesday" and "Mega Week (BOGO)" on its self-operated online ordering channels in select cities, along with multiple limited-time brand collaboration activities with Tencent, NetEase and others, further enhanced consumer goodwill and strengthened consumer-brand interaction in 2024. Additionally, the intelligent transformation of the supply chain infrastructure will gradually reduce costs, providing underlying support for profitability improvement.Industry Resonance: Positioning in the Hundred-Billion Market, Globalization and Localization Progress TogetherDPC Dash’s explosive growth is closely intertwined with the release of industry dividends. According to data from industry research reports, the scale of China's pizza market is expected to reach RMB60.8 billion in 2025 and exceed RMB77.1 billion in 2027, with a compound annual growth rate of 15%. The online market opportunities are opening up incremental space for leading brands. In 2022, the online share of China's pizza industry surpassed offline at 58.1%, and the industry will further accelerate its digital transformation. DPC Dash continues to expand its market share with its first-mover advantage in the digital delivery system.The combination of global resources and localized innovation further strengthens its competitive advantages. Backed by the brand reputation and R&D experience of over 21,300 Domino's Pizza stores worldwide, the company can bring a global experience through signature products while offering localized flavors for Chinese consumers. This “international gene plus local operation" model creates a dual moat in brand recognition and product adaptability.Future Blueprint: Dual Symphony of Scale Expansion and Deepening EfficiencyIn 2024, DPC Dash successfully opened its 1,000th store in Chengdu, Sichuan, marking an important milestone in the company's development history. Standing on the milestone of its first thousand stores, DPC Dash is accelerating towards the next stage.Recognition from the capital market also injects confidence into the Company’s sustainable development . In 2024, it was selected as a constituent stock for the Hong Kong Hang Seng Composite Index, and included in both the Shanghai-Hong Kong Stock Connect Program and the Shenzhen-Hong Kong Stock Connect Program.DPC Dash was also included in New Fortune's "2024 Best Hong Kong Listed Companies" ranking, and received the 2023 Best IPO Award from China Financial Market 2024 and other accolades. Since its IPO in 2023, as of the date of this article, the Company's stock price has risen nearly 120% from the issue price of HK$46, with a market capitalization exceeding HK$13 billion. Its liquidity has also significantly improved. As industry concentration increases and consumption upgrade trends deepen, DPC Dash, with its strategic determination and execution capabilities, is positioned to continue to lead in the hundred-billion market, writing a new chapter of steady growth. Copyright 2025 ACN Newswire via SeaPRwire.com.
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HKTDC Export Confidence Index 1Q25 ACN Newswire

HKTDC Export Confidence Index 1Q25

HONG KONG, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - The findings of the 1Q25 HKTDC Export Confidence Index showed confidence among Hong Kong exporters has risen moderately, despite the sizable tariff hikes imposed by the US on its trading partners around the world.In specific terms, the Current Performance Index (a measure of actual performance for the quarter in question) rose by 1.8 points to 52.1. Equally reassuringly, the Expectation Index (a measure of confidence in likely performance in the coming quarter) was up by 1.0 points to 51.0. Both readings were above the watermark level of 50, which can be taken as confirming general optimism with regard to future export prospects.Given the likely impact of the series of higher tariffs imposed by the US in the last two months, the HKTDC has slightly adjusted its 2025 Hong Kong export growth forecast from 4% to 3%. There remains a downside risk to the forecast given the uncertainty over any future escalation in global trade tension.Commenting on the revised forecast and the 1Q25 findings, Irina Fan, Director of HKTDC Research, said: “It’s a testament to the resilience of Hong Kong’s export sector that growth is still indicated. While export business may be growing at a moderately slower rate than had been initially anticipated, there are still many reasons to be optimistic.”“This is partly down to the agility and flexibility many Hong Kong exporters have demonstrated in terms of strategies for future-proofing their business activities.”From the findings of the 1Q25 survey, it is clear a range of strategies, including diversifying sourcing, expanding into new markets and the relocation of production lines, have been very much front-of-mind for many of Hong Kong’s export-oriented businesses. These moves, it is believed, will help enterprises mitigate the adverse effects of any current or future protectionist measures.Overall, despite a more challenging global trade backdrop, it was encouraging to note the majority of survey respondents (75.4%) remained confident their 2025 net profit margins would either rise or remain stable. This was notably higher than the 72.1% of respondents expressing the same sentiment in 4Q24, while also being the highest such figure for 12 months.In terms of market prospects, uncertainties over its trading stance have inevitably clouded the general views of the US. Tellingly, the Current Performance figure for the country was 47.8, with its 3.1 point quarter-on-quarter decline taking it below the watermark level of 50 for the first time in 12 months.Exporter sentiment, however, remained largely positive when looking beyond the US market, particularly with reference to Mainland China, the EU and the ASEAN bloc. In all, the Current Performance Index reading for Mainland China was up 6.7 points to 59.0 (compared to 4Q24) while the comparable finding for the EU was up 3.8 points to 50.1. The reading for the ASEAN bloc (56.4), meanwhile, remained solidly in expansionary territory.Nicholas Fu, Senior Economist, said “A similar pattern was in evidence in the case of the Expectation Index. This saw Mainland China up 3.0 points to 55.7, followed by the ASEAN bloc (53.0) and the EU (52.7). The US was again down, falling by 4.3 points to hit a one-year low of 46.7.”In terms of more general findings, Jewellery (at 53.1 points) was the most upbeat industry sector with regard to 1Q25 Current Performance, followed by Electronics (52.3) and Timepieces (51.2). In terms of Expectation, Jewellery (54.4), Equipment/Materials (52.6) and Timepiece (51.1) exporters were most optimistic as to their likely future performance.AppendixThe HKTDC Export Confidence Index has been designed to provide a comprehensive overview of Hong Kong exporter sentiment. It comprises two primary / overall indices, one of which gauges the Current Performance with regard to the surveyed quarter, while the other considers Expectation for the upcoming quarter. The findings of both indices are based on a weighted average of five sub-indices – Sales and New Orders, Trade Value, Cost, Procurement, and Inventory.Full details of the methodology / definitions relating to the HKTDC Export Confidence Index can be found in the Appendix section of the full quarterly report.ReferencesHKTDC Export Confidence Index 1Q25: Export Confidence Improves Despite Growing Trade TensionsHKTDC Research websitePhoto download: bit.ly/3QMQHmUHKTDC Director of Research Irina Fan (left) and Senior Economist Nicholas Fu (right) announced the HKTDC Export Confidence Index for the first quarter of 2025 at a press conference todayHKTDC Director of Research Irina FanHKTDC Senior Economist Nicholas FuMedia enquiriesPlease contact the HKTDC’s Communication and Public Affairs Department:Fraser LiAgnes WatTel: (852) 2584 4369Tel: (852) 2584 4554Email: fraser.li@hktdc.orgEmail: agnes.ky.wat@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.
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IGG INC Annual Profit Soars by 697% to HK$580 million ACN Newswire

IGG INC Annual Profit Soars by 697% to HK$580 million

IGG Inc 2024 Annual Financial Highlights and 2025 Business Update:- In 2024, the Group experienced a 9% year-on-year increase in revenue, reaching a total of HK$5.74 billion. This growth was primarily due to three growth drivers – two highly-rated games “Doomsday: Last Survivors” and “Viking Rise”, which contributed approximately HK$1 billion and HK$700 million, respectively, along with the APP Business , which generated HK$1.1 billion. These three contributors accounted for 49% of the Group’s revenue in 2024, up from 32% in 2023, underscoring the success of its diversified growth strategy. “Lords Mobile”, IGG’s flagship title launched nine years ago, made a significant contribution of nearly HK$2.6 billion in revenue.- The Group achieved a significant 697% year-on-year increase in net profit, reaching HK$580 million in 2024. The Group’s core business experienced a substantial surge of 3,626% year-on-year to HK$650 million in net profit. The investment business recorded an unrealized loss of approximately HK$70 million due to fair-value changes of investees.- Entering 2025, the Group will continue to enhance its gaming and APP Business, with a commitment to sustaining long-term profitability. The Group will release two blockbuster strategy games, “Frozen War” and Project PSS, along with a blockbuster casual game, “Tycoon Master”. With their innovative and meticulously crafted gameplay, these titles possess growth potential.HONG KONG, Mar 27, 2025 - (ACN Newswire via SeaPRwire.com) - IGG Inc (“IGG” or “the Group”, stock code: 799.HK), a leading global developer and publisher of mobile games and applications, is pleased to announce the audited consolidated financial results of the Group for the year ended 31 December 2024.In 2024, the Group steadily reinforced its development goal of “diversified growth and steady profitability” through three growth drivers: two highly-rated games, “Doomsday: Last Survivors” and “Viking Rise”, along with the APP Business. In terms of revenue, the Group experienced a 9% year-on-year increase, reaching HK$5.74 billion in 2024. This growth was primarily driven by “Doomsday: Last Survivors” and “Viking Rise”, which contributed approximately HK$1 billion and HK$700 million, respectively, while the APP Business generated HK$1.1 billion. These three contributors accounted for 49% of the Group’s revenue in 2024, up from 32% in 2023, underscoring the success of its diversified growth strategy. “Lords Mobile”, IGG’s flagship title launched nine years ago, made a significant contribution of nearly HK$2.6 billion in revenue. During the year, revenue from Asia, Europe and North America accounted for 42%, 34% and 20%, respectively, of the Group’s total revenue.With the contribution of the aforementioned businesses and extensive utilization of AI technology, the Group achieved a significant 697% year-on-year increase in net profit, reaching HK$580 million in 2024. The Group’s core business experienced a substantial surge of 3,626% year-on-year to HK$650 million in net profit. The investment business recorded an unrealized loss of approximately HK$70 million due to fair-value changes of investees. As at 31 December 2024, the Group’s mobile games were available in 23 different languages worldwide, with approximately 1.5 billion users in total and over 17 million monthly active users (“MAU”) across more than 200 countries and regions.Since its launch, the game “Doomsday: Last Survivors” has regularly introduced new features, including account entrustment, alliance vault and mini-games, to enhance gamer engagement. Additionally, the game ran a series of collaborations with different partners, including the classic game “Metal Slug 3” and hit movie “Pacific Rim”. These initiatives, coupled with offline tournaments, were well-received by its 73 million players[1], leading to a 50% year-on-year increase in revenue. Following the success of the first International Offline SLG Championship held last year, the Group is gearing up for the “2025 World Championship” for “Doomsday: Last Survivors”, “Lords Mobile”, and “Viking Rise” to let players experience the thrill of ‘live’ competitive gaming.“Viking Rise”, the Group’s first Viking-themed strategy game, received widespread acclaim when it was launched in late 2022. Throughout the year, the game continued to introduce new features, including Battle Royale gameplay, mercenary guild battles and a new conquest season entitled “Fenrir’s Judgement”. Additionally, the game reintroduced a collaboration with the popular TV show “Vikings” from MGM Television and its spinoff series “Vikings: Valhalla”. These enhancements and marketing initiatives resonated with its 40 million players2, driving a remarkable 66% year-on-year increase in revenue.“Lords Mobile”, IGG’s blockbuster title that debuted nine years ago, is the Group’s first cross-platform, multi-language, real-time game, lauded by Sensor Tower for its longevity[2], and designed for a global audience. It has received widespread acclaim from gamers, and consistently generates stable revenue for the Group. As of 31 December 2024, it has amassed 740 million registered users worldwide and has 9 million MAU. In the second half of 2024, the game introduced the much-anticipated “Chaos Arena” feature, alongside ongoing IP collaborations and various offline events, to sustain player interest.After a decade of exploration, research and development, the Group’s APP Business finally achieved significant breakthroughs and remarkable growth over the past two years. It has built a proprietary ad traffic platform supported by service-oriented mobile applications. Leveraging the Group’s global operational expertise and a base of more than 1 billion users, the APP Business reached a new milestone of 62 million MAU. It generated a remarkable HK$1.1 billion in revenue in 2024, representing 19% of the Group’s total revenue. The APP Business has emerged as a vital growth driver for the Group, contributing notably to a net profit of HK$95 million.Through a combination of share repurchases and dividend payouts, the Group consistently returns value to its shareholders. During the year, the total amount declared in dividends, together with the funds allocated for share repurchases, accounted for approximately 38% of the Group’s net profit for 2024. The Board of Directors declared a second interim dividend of HK6.4 cents per ordinary share. Coupled with the first interim dividend of HK8.5 cents, the total dividend declared amounts to HK14.9 cents, representing approximately 30% of annual profit. In 2024, the Group allocated approximately HK$47 million for share buybacks, which corresponds to approximately 8% of annual profit.Entering 2025, the Group will continue to enhance its gaming and APP Business, with a commitment to sustaining long-term profitability. The Group will release two blockbuster strategy games, “Frozen War” and Project PSS, alongside a blockbuster casual game, “Tycoon Master”. With their innovative and meticulously crafted gameplay, these titles possess growth potential. The Group is dedicated to drive growth for the APP Business by enhancing its platform development. Embracing the corporate spirit of “Innovators at Work, Gamers at Heart”, the Group will continue to strengthen its global R&D and operational capabilities, to relentlessly pursue its strategy of quality, innovation, and excellence in creating innovative yet timeless games.About IGG IncEstablished in 2006, IGG Inc is a leading global mobile games and applications developer and operator with headquarters in Singapore and local offices in the United States, China, Canada, Japan, South Korea, Thailand, the Philippines, Indonesia, Brazil, Türkiye, Italy and Spain. IGG offers multi-language and multifarious games and mobile applications to users around the world. The Group has established long-term partnerships with over 100 business partners, including global platforms, advertising channels, and vendors such as Apple, Google and Meta. IGG’s most popular products include the games “Lords Mobile”, “Doomsday: Last Survivors”, “Viking Rise”, “Time Princess”, along with a range of diversified mobile applications.[1]APP Business: development and operations of the Group’s mobile applications.[2]User data as of December 31, 2024.[3]Source: Sensor Tower, a third-party analytics platform Copyright 2025 ACN Newswire via SeaPRwire.com.
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Nissin Foods Announces 2024 Annual Results ACN Newswire

Nissin Foods Announces 2024 Annual Results

Highlights- While revenue dipped 5.5% in the first half, it remained nearly flat year-on-year, with a notable 4.6% growth in the second half, primarily driven by a strong focus on noodle sales.- Recognition of one-off non-cash impairment-related charges of HK$135.9 million reflects the Company’s proactive approach to managing financial risks. Adjusted EBITDA grew to HK$612.5 million year-on-year.- Completed the acquisition of Gaemi Food in Korea and ABC Pastry in Australia to capitalize on reshaped global supply chains and consumption patterns.- Proposed a final dividend of 9.63 HK cents and a special dividend of 6.19 HK cents per share, totalling 15.82 HK cents per share, subject to shareholder approval.HONG KONG, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - Nissin Foods Company Limited (“Nissin Foods” or the “Company”, together with its subsidiaries, the “Group”; Stock code: 1475) has announced its annual results today for the year ended 31 December 2024.The Group recorded revenue at HK$3,811.9 million. Although revenue fell 5.5% in the first half, it remained nearly flat year-on-year, with a 4.6% increase in the second half, largely due to strong noodle sales. Gross profit increased by 0.7% to HK$1,312.1 million, with gross profit margin increased by 0.4 percentage points to 34.4% in 2024 from 34.0% in 2023. The increase in gross profit margin was mainly attributable to the optimisation of fixed costs led by the increase in sales volume of instant noodles.Profit attributable to owners of the Company decreased by 39.1% year-on-year to HK$201.0 million, representing the net profit margin of 5.3% for the year, mainly due to the recognition of non-cash impairment-related charges of HK$135.9 million, primarily consisted (i) impairment loss on property, plant and equipment relating to eight less profitable production facilities under complementary business such as long life noodles, non-fried noodles, and frozen food in Mainland China and Hong Kong, (ii) impairment loss on property, plant and equipment and right-of-use assets of the leasehold property for warehouse use in Hong Kong, and (iii) impairment loss on goodwill and intangible assets of the distribution business in Mainland China. These one-off non-cash expenditures did not impact the Group’s cash flow, operations, or liquidity. This recognition reflected the Company’s proactive approach to managing financial risks and aligning asset values with current market conditions. The Group’s basic earnings per share for the reporting period was 19.26 HK cents. At the Adjusted EBITDA level, the Group increased by 0.8% to HK$612.5 million from HK$607.8 million in 2023, representing the Adjusted EBITDA margin of 16.1% for the year (2023: 15.9%).The Board recommends a final dividend of 9.63 HK cents per share and a special dividend of 6.19 HK cents per share, totalling 15.82 HK cents per share, representing a total dividend payout ratio of 82.1% for the year. The Group’s financial position remained healthy, with net cash of approximately HK$1,402.5 million and HK$820 million in available banking facilities as at 31 December 2024.Review & Prospects of Different Business RegionsDuring the year, revenue from the Hong Kong and other regions operations increased by 1.8% to HK$1,539.9 million, mainly due to growth in sales of instant noodles in Hong Kong and other regions operations, offsetting the drop in frozen food business. Segment results rose by 4.4% to HK$88.9 million due to the consolidation of newly acquired businesses in Korea and Australia. Meanwhile, the Mainland China operations recorded revenue of HK$2,272.0 million for the year, with segment results at HK$328.5 million, mainly attributable to the higher production cost in the second half of the year.In Hong Kong, the Group adhered to its premiumisation strategy and launched new products to drive growth. The Group continued rolling out new SKUs, such as the Demae Iccho’s Spicy Series, and various new flavours under the "Nissin Raoh", "Nissin U.F.O", "Fuku" and "Doll" brands. The Group expanded the sales channels of the “Kagome” business in different regions, along with seasonal product launches. Various new flavours in the low-fat Nissin Yogurt series were added to penetrate the market. Also, a brand-new product Nissin Chocolate Potato Chips was launched, offering a rich, crunchy and savory-sweet taste experience.For overseas markets, the Group has continued to expand its non-noodle business to diversify its portfolio. The Group completed the acquisition of Gaemi Food, a manufacturer of crispy roll snacks, being a top national brand in the domestic crispy roll market in Korea. Its business achieved a satisfactory performance and solid growth. Also, the Group completed the acquisition of ABC Pastry, a leading manufacturer of frozen dumplings which are either company-branded or third-party branded in Australia, enabling the Group to diversify its business portfolio and broaden its income sources. In addition, Nissin Vietnam business achieved an excellent performance during the year. The Company proactively explored and expanded different sales and distribution channels in the domestic market with a focus on the youth segment to bolster its growth. New bag-type noodles products such as Mi tron NISSIN Spaghetti and Mi Cay NISSIN Thai Tom Yum were rolled out.In Mainland China, premium bowl-type noodles Nissin Donbei Kitsune Handmade Style Bowl Udon (Fresh Type) and Nissin Donbei Tempura Handmade Style Bowl Udon (Fresh Type) were launched to cater to the needs of consumers for good value items. To further enhance publicity and brand awareness, the Company made different promotional efforts, including the collaboration with a Japanese anime named "Blue Lock" for a crossover involving Cup Noodles, the promotion on social networking sites such as Red Note and the participation of a food exposition in Shanghai. Also, Nissin Koikeya Potato Chips achieved a good performance during the year as the distribution channels continued to expand. Green juices series successfully attracted the attention of health-conscious customers with vending machines availability further increasing product exposure.Looking ahead, embracing change for prosperity, the Company is strategically expanding its premium product range to cater to consumer preferences while also diversifying its business portfolio and product lines to adapt to increasing health consciousness and broaden its revenue streams. Leveraging its solid foundation and strong presence in Hong Kong and Mainland China, the Company also continued its geographical expansion into Taiwan, Korea and Australia, broadening the income base and generating additional sales.Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, “In 2024, we witnessed significant changes in the global economy, geopolitics, international trade, the business environment and consumer behaviour. These changes created both opportunities and uncertainties. Under these changing dynamics, the Group managed to record notable growth in the second half of the year, primarily driven by its core noodle business. Moreover, we have remained dedicated to continuous product upgrades and cost optimisation to improve operational efficiency.”“We remain cautiously optimistic about the long-term business development in local and overseas markets. Building on our solid foundation and pursuing a well-diversified product portfolio and the premiumisation strategy, we are well-positioned for ongoing revenue and earnings growth in the coming years, as well as expanding our business with increasing brand recognition across geographical boundaries.”About Nissin Foods Company LimitedNissin Foods Company Limited ("Nissin Foods”, together with its subsidiaries, the “Group”; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China, with a diversified portfolio of well-known and highly popular brands, primarily focusing on the premium instant noodle segment. The Group officially established its presence in Hong Kong in 1984 and is the largest instant noodle company in Hong Kong. The Group primarily manufactures and sells instant noodles, high-quality frozen food products, including frozen dim sum and frozen noodles, and also sells and distributes other food and beverage products, including retort pouches, snacks, mineral water, sauce and vegetable products under its two core corporate brands, namely “NISSIN” and “DOLL” together with a diversified portfolio of iconic household premium brands. The Group’s five flagship product brands, namely “Cup Noodles”, “Demae Iccho”, “Doll Instant Noodle”, “Doll Dim Sum” and “Fuku” are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the “ECO Cup” concept and primarily focuses its sales efforts in first-and second-tier cities. In addition, Nissin Foods operates business in other regions including Vietnam, Taiwan, Korea and Australia markets.Nissin Foods is currently a constituent of five Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Composite SmallCap Index, Hang Seng Composite Industry Index - Consumer Staples, Hang Seng SCHK Consumption Index and Hang Seng SCHK Consumer Staples Index. Nissin Foods is eligible for trading under Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect.For more information, please visit www.nissingroup.com.hk. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Wuling Motors (00305.HK) Achieves a Surge of 115.6% in the Net Profit Attributable to Shareholders for 2024

HONG KONG, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - Wuling Motors (00305.HK), a leading manufacturer of automotive components and commercial vehicles assembly in China, announced its full-year results for 2024 on March 25. Driven by the increased proportion of sales from high-margin products in the automotive components and other industrial services division, Wuling Motors recorded a net profit of approximately 111 million yuan (RMB, same hereinafter) for 2024, representing a 60.2% year-on-year increase. The profit attributable to the owners of the company surged by 115.6% year-on-year to 50.62 million yuan.Core Business Growth Exceeds Expectations with Multiple Notable Breakthroughs in Incremental MarketsIn 2024, Wuling Motors achieved revenue of 7.95 billion yuan, with the automotive components and other industrial services division, the vehicles’ power supply systems division, and the commercial vehicles assembly division accounting for 69%, 22% and 9%, respectively.Specifically, the automotive components and other industrial services division recorded revenue of approximately 5.46 billion yuan. The increase in the proportion of high-margin product sales, coupled with higher government subsidies, led to an operating profit of approximately 154 million yuan, representing a 68.3% year-on-year surge.In 2024, Wuling Motors focused on deepening its existing business with its key customer - SAIC-GM-Wuling, while actively expanding externally. It successfully secured component supply transactions for multiple new vehicle models, serving as the exclusive supporting supplier for products such as electric seat switches and combination switches.Meanwhile, Wuling Motors pursued multiple breakthroughs in external markets, actively expanding its power battery product offerings and securing incremental market opportunities with OEMs such as Dongfeng Mengshi, FAW Jiefang, Chery Automobile, and Geely Automobile.A newly constructed and operational base in Jingmen, Hubei has seized the opportunity presented by Great Wall Motor’s production ramp-up to maintain rapid growth. In 2024, the base achieved revenue of approximately 729 million yuan, representing an exceeded 100% year-on-year increase; In terms of product development, the company completed the expansion of its second ultra-high-strength steel tube thermoforming production line within the year and successfully secured incremental customer orders from Great Wall Motor and BYD.Furthermore, Wuling Motors has successively undertaken the production of SAIC Maxus rear axles, BYD FinDreams Powertrain spiral bevel gears, and Dola Vehicle subframes, among other components, with the cumulative production and sales volume of new energy vehicle rear axles exceeding 1.5 million units. At the same time, Wuling Motors has actively capitalized on emerging opportunities in the new energy supporting market, successfully developing and optimizing products such as the new generation of new energy electric rear axles, integrated three-in-one motors and electric control systems, range extenders, power supply systems, and differential locks. Multiple new energy electric car axles have been successfully supplied for the electric drive axle and range extender projects of Great Wall Motor, JAC, and others. Notably, the first commercially deployed axial electric drive axle for the Changan Kaicene market has entered mass production.For the automobile power supply systems business, the division’s revenue for 2024 was approximately 1.74 billion yuan. Throughout the year, the power supply systems division maintained proactive communication with customers and enhanced its ability to manage planned orders, taking measures to reduce inventory and improve efficiency while ensuring customer demand was met. The casting business broke through adversity, continuing to expand its growth points, and successfully securing new market supply orders from the customer Changyuan Hero City, with the division’s total casting sales reaching 1.18 million units for the year, representing a 25% year-on-year increase.In addition, relying on the project platform management advantages, Wuling Motors’ power supply systems business focused on core projects such as the H15TD+DHT hybrid assembly architecture platform, the integrated three-in-one electric drive system, and high-pressure casting, to promote the construction of new energy projects with customers such as Skyworth, DFLZ, Zoomlion, and Senptec Electronics. It actively developed the new energy customer market with companies such as JAC, YC SIMLAN, Hebei Zhongxing, Geely Farizon, Chery Commercial Vehicles, Xpeng Motors, and Leapmotor. At the same time, it seized opportunities in overseas markets, with a focus on advancing projects such as the LJ481Q6 matching JAC M4 export (to Gulf countries), the overseas CLT flexible fuel hybrid project, and the Wuling Technology MSR project, to lay a solid foundation for overseas development.The commercial vehicles assembly business recorded a revenue of approximately 718 million yuan in 2024. Benefiting from the implementation of cost control measures, the operating profit reached approximately 75.92 million yuan. In line with the company’s strategy, the division continued to seek business breakthroughs in high-value-added niche markets.The development of the new energy vehicles business from the joint venture Wuling New Energy was favorable in 2024, achieving sales of over 14,000 units, a year-on-year increase of over 41%, and generating revenue of 1.02 billion, a year-on-year increase of 29.5%. Within the year, Wuling New Energy launched multiple products, and the Golden Mini Truck, which was launched in November, ranked third in the market for micro-small trucks with single rear wheels, positioning it among the top in the commercial vehicle market. Overseas, more than 800 units were exported to Japan and South Korea, representing a 58% year-on-year increase.Fully Supporting the Group’s Automobile Industry Ecosystem through New Growth Engines Created by Transformation and UpgradingWhile actively developing its core business, Wuling Motors is also undergoing continuous transformation and upgrading to expand into new businesses and foster new growth momentum. In 2024, Wuling Motors increased its investment in R&D to accelerate the development of its new energy business. The company also established an innovation center in Hong Kong and signed cooperation agreements with Hong Kong Polytechnic University, The Chinese University of Hong Kong, and the Hong Kong Applied Science and Technology Research Institute’s XR intelligent project to build an innovation ecosystem.2025 marks the inaugural year of the “LINXYS Project”, formulated by Guangxi Automobile Group Co., Ltd., the parent company of Wuling Motors, for the entire group. Guangxi Automobile Group plans to increase investment between 2025 and 2027 to fully promote the development blueprint centered around the “LINXYS Project” and the “131 Strategy”.The “131 Strategy” refers to 1 complete vehicle brand – the creation of the “Linxys” new energy vehicle brand; 3 national-level manufacturing champions: the national champion in small and medium displacement energy-efficient hybrid power systems, the national champion in lightweight drive axles, and the national champion in automotive frames; 1 automotive industry ecosystem: an automotive ecosystem led and operated by Guangxi Automobile Group.Mr. Yuan Zhijun, Chairman of Wuling Motors’ board of directors, stated, “The company will actively cooperate with Guangxi Automobile Group to accelerate the implementation of the ‘Linxys Project’ plan, speed up the conversion and application of scientific research results, improve the product portfolio, enhance product quality, actively expand domestic and overseas markets, and provide users with more valuable and environmentally friendly products. Under the leadership of the ‘Linxys Project’, the company is confident in achieving stable and positive operating results to allow shareholders to share in the development achievements.” Copyright 2025 ACN Newswire via SeaPRwire.com.
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VCREDIT 2024 Annual Results: Steady Development Driven by Digital Intelligence ACN Newswire

VCREDIT 2024 Annual Results: Steady Development Driven by Digital Intelligence

HONG KONG, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - VCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading independent online consumer finance provider in China, announced its annual results for the year ended 31 December 2024.In 2024, despite a complex and severe external environment, ongoing international trade frictions and multiple challenges, China’s economy remained relatively stable. Policy measures were implemented to drive a steady economic recovery. Although consumer demand is still in recovery, there has been an increase in consumer willingness, and the consumer market is showing signs of gradual improvement. The Group actively adjusted its operating strategies, strengthened risk control, improved operating efficiency, and continued to strengthen its business framework. For the full year 2024, loan origination volume in the Chinese mainland reached RMB 55.75 billion. In 2024, the Group continued to optimize its risk models, innovate products and services, and improve technological standards, maintaining its focus on higher-quality borrowers. While pursuing financial technology innovation and risk control tightening, the Group also emphasized protecting the consumer rights and personal data security of its borrowers, proactively addressing regulatory developments in the industry. Total Income was RMB 3.93 billion, with Adjusted Net Profit recorded at RMB 480 million approximately. The Board has recommended the payment of a final dividend of HK 20 cents per share.Driving innovation through technology while upgrading operations through digital smart platformThe Group further deepened the application of artificial intelligence (AI) technology in risk management, covering core processes including customer segmentation, modeling, underwriting and collections, significantly improving the precision and efficiency of risk identification. At the same time, by continuously optimizing multi-source scorecards and strategy models, the Group improved the robustness of risk management. In addition, the continuous optimization of approval processes and the refinement of risk control strategies also helped the Group steadily increase the approval volume of new customers, driving significant growth in the user base and injecting new momentum into business expansion.In the first half of 2024, the Group has officially launched the AI large model ‘Sunbird AI Hub’, and deployed it across several aspects of business. With the help of AI technology, the Group completed a further iterative upgrade of the core risk control system Hummingbird to maintain the performance of our rules engine. In relation to data security and user privacy protection, the Group introduced AI large models to analyze APP privacy policy texts, ensuring compliance of data collection.Actively expanding high-quality customer acquisition channels and continuously optimizing user experience across all aspectsThe Group is committed to expanding high-quality customer acquisition channels. In the second half of 2024, the Group entered into a cooperation agreement with a leading domestic fintech platform. At the same period, the Group reconstructed the operational map for new customers, designing differentiated interaction methods, contact means, and strategies for new customers. Through these measures, the Group successfully achieved closed-loop management of customer acquisition and new customer operations, further improving the operational efficiency of new customers. As of 31 December 2024, the Group's cumulative registered users reached 158 million, a year-on-year increase of 9.7% compared to 2023.Apart from acquiring new high-quality customers, the Group continued to optimize its operational strategy for existing users, upgrading services at various points in the business process, shortening loan disbursement times, and reducing user operation paths, successfully optimizing the user experience. In 2024, repeat borrowers accounted for 85.9% of the total loan volume.Empowering a collaborative financial ecosystem and jointly strengthening consumer rights protectionAs of the end of December 2024, the Group has established long-term relationships with 110 external funding partners, including national joint-stock commercial banks, consumer finance companies and trust funds, etc., thus growing a rich and diversified funding pool. Through the construction of the VCREDIT fund management platform system, the Group can more effectively manage its capital needs, strengthen the whole life-cycle management of funding partner co-operation, and steadily reduce the cost of funds.VCREDIT has extended its technological solutions to the funding partners, expanding the digital alliance through its in-house developed ‘Kunlun Mirror Intelligent Risk Control System’ which leverages standardized risk control models based on credit data to conduct intelligent risk identification. This system also enables joint modeling to meet the personalized risk control needs of the funding partners, providing them with comprehensive credit risk management solutions. Furthermore, the Group has deepened the cooperation with funding partners in loan monitoring and consumer rights protection.Outlook In order to contribute to further growth in consumer finance business and fulfil the financial needs of high-quality customers, the Group will continue to hone business strategies and upscale technology. In addition to growing the existing consumer finance business in China, the Group will also look to expand and diversify its business strategies by investing or collaborating in or acquiring similar, related, or complementary businesses and industries in other jurisdictions including Hong Kong, South-East Asia and Europe. The Group will continue to review potential investment opportunities and business prospects on a constant basis and make suitable investments and acquisitions as opportunities occur.In addition, the Group intends to continue to execute these strategies to maintain its growth in the industry, including streamline and extend its credit solutions to better serve its customers to improve brand recognition and loyalty and creditworthiness of its customer base; enhance risk management capability through deployment of evolving technology and AI; strengthen long-term collaborations with licensed financial institutional partners and other business partners; ensure its business is conducted within applicable regulatory parameters to achieve regulation-centric sustainability; review and assess potential business prospects and invest or collaborate in or acquire similar, related or complementary businesses and industries in China and other jurisdictions; cultivate a dynamic enterprise value and culture and grow its in-house talents.About VCREDIT Holdings LimitedVCREDIT Holdings Limited (VCREDIT) facilitates loans between financial institutions and individual customers -- connecting borrowers (consumers, sole proprietors, and SME owners) with financial institutions. We identify customers in need of financing by collaborating with diverse customer acquisition channels such as DSP advertising platforms. Afterwards we match financial institutional funds to creditworthy borrowers in real time through our proprietary digital technology and AI models. We take measures to articulate key information such as loan interest rates, repayment terms to borrowers. We also take care of client repayment management, thereby maintaining trust between borrowers and financial institutions.Website: https://en.vcredit.com/en-usFor enquiries, please contact Burson: Wing Chan / Vivien Li Tel: (852) 9518 4326 / (852) 6464 8269 Email: vcredit@hkstrategies.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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VMF Focuses on Addressing Marketers’ Top Priorities ACN Newswire

VMF Focuses on Addressing Marketers’ Top Priorities

MANCHESTER, UK, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - Vibe Marketing Tech Fest will take place in Manchester on July 10, 2025, and brings industry leaders to answer the pressing questions on every marketer’s mind.Convenience comes with price, and consumers agree. Consumers are discerning, they are willing to pay more for brands that align with their values, and share more data with brands that promise to offer more personalised experiences. Brands need to keep up or be left behind. The customer’s journey is anything but linear, and the marketer’s role to navigate these market forces is increasingly complex.But there are more challenges–with inflationary pressures, marketing and advertising spend is under severe scrutiny. Business stakeholders are keen to know where marketing dollars are being spent, if they are being optimised, and how to fine-tune that growth engine.The opportunity of artificial intelligence and generative AI to further alter the dynamics of the marketing leader’s role is a key concern. What does it mean for tomorrow’s leaders, and what skills does one need to drive business in the immediate future?Vibe Marketing Tech Fest promises to address these burning questions and more. Founded in 2018, VMF is one of the world’s largest and most influential marketing tech conferences.“The balance between privacy and personalisation is a burning issue that brands need to tackle head-on. Customers are poised to align with brands that are transparent and committed to fairness. We want to take on the tough questions that marketing leaders are faced with. VMF will explore how businesses can navigate this highly competitive landscape and set them up for long-term sustainable growth,” says Sanjay Swamy, Director at Martechvibe, the media company organising VMF.VMF 2025 will cover themes like:Overcoming barriers to deliver hyper-personalisationIncreasing ROI on martech investmentsMaximising first part data in a privacy era Reducing churn, and driving higher CLV Speakers like Scott Brinker, Sir Martin Sorrell, Brian Solis, Neil Patel, Darell Alfonso, Fernando Machado, David Raab, Rob Bloom, and Steve Lok have delivered rich sessions in the previous editions of the summit.This year’s speakers include David Raab, Owner of Raab Associates and Founder at CDP Institute, Aadil Mukhtar, Head of Marketing - Growth & Technology at United Rugby Championship, Adam Azor - EVP, Global Marketing at sportradar, Adam Mills - Head of Insight, Loyalty & Strategy at The Wine Society, Charlotte Flemming - Senior Marketing Manager at Prime Time, Ian Irving - Lead SEO & ASO Specialist at BBC, Jessica Cooke - Director of Media & Loyalty at Stonegate, Karla Zaldivar - Global Social Media Insights Manager at Booking.com, Mohamed Jhummun - Head of Personalisation at Scale at Pepsico, Jamie Allen - Head of Marketing at Mettle, Emily Latham - Head of Marketing Technology Portfolio at CarWow, Sabrina Godden-Tuma - Global Creative Director at Vodafone, Anne Lathowers - Head of Growth Marketing & Communication at E.ON One, Victoria Kerr - Head of Marketing, EMEA & APAC at Uber, Gareth Maritz - Director of Marketing - Change, MarTech, Partnerships, Measurement & Effectiveness at Flutter, and many more.For more information, visit Vibe Marketing Tech Fest 2025.About VMFFounded in 2018, Vibe Marketing Tech Fest (VMF) is one of the world’s largest and most influential marketing tech conferences. It is the premier gathering for marketing, technology, product, CRM, revenue, and CX leaders. Designed to explore the latest trends, strategies, and cutting-edge tools shaping the marketing landscape, VMF serves as the ultimate platform where marketing pioneers connect with technology innovators.Join industry leaders as they network, exchange insights, and redefine the future of marketing through the power of technology.Media contact:Mrunalini Polmrunalini@vibeprojects.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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Innovation Beverage Group’s Bitters Captures 45% Market Share in Australia Driven by 2024 Sales Growth ACN Newswire

Innovation Beverage Group’s Bitters Captures 45% Market Share in Australia Driven by 2024 Sales Growth

SEVEN HILLS, AUSTRALIA, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - Innovation Beverage Group Ltd, ("IBG" or the "Company") (Nasdaq:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, announced today that sales of its Australian Bitters Company line of bitters increased by approximately 5% year-over-year in the twelve months ended December 31, 2024. Driven by this sales momentum, Australian Bitters Company has captured a 45% market share in Australia, the second largest national market for bitters worldwide and the highest market share in Australia that the Company has achieved to date."We're very proud of having captured significant market share away from long-established brands in the growing Australian bitters market. This is a testament to our exceptional flavor and value which continue to drive consumer brand awareness and loyalty," stated IBG's Chairman and Interim CEO Sahil Beri. "Continued growth in Australia is a strong indicator of our bitters' potential as we are set to expand marketing, sales, and distribution of our Australian Bitters Company line in the U.S., the largest bitters market in the world."IBG's flagship product, Australian Bitters Company, hand crafted in small batches in Australia from the finest natural botanical herbs and spices, won the Gold Medal at the Los Angeles Spirts Awards in 2018. BITTERTALES, the Company's premium cocktail brand, won Best in Show and a Platinum Medal at the 2020 LA Spirits Awards, and a Gold Medal at the 2018 and 2021 LA Spirits Awards. IBG's bitters brands are produced at its state-of-the-art U.S. FDA and GMP certified facility in Australia and shipped worldwide.About Innovation Beverage GroupInnovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG's brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG's most successful brand to date is Australian Bitters, which disrupted a 200-year-old market leader, giving the Company a market dominating position in several territories including a partnership in Australia with Coca-Cola Europacific Partners. Established in 2018, IBG's headquarters, distillery, innovation, and manufacturing facility are located in Sydney, Australia with a U.S. sales office is located in New Jersey. For more information visit: https://www.innovationbev.com/Forward Looking StatementThis press release contains "forward-looking statements" and "forward-looking information." This information and these statements, which can be identified by the fact that they do not relate strictly to historical or current facts, are made as of the date of this press release or as of the date of the effective date of information described in this press release, as applicable.The forward-looking statements herein relate to predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance (often, but not always, using words or phrases such as "expects," "anticipates," "plans," "projects," "estimates," "envisages," "assumes," "intends," "strategy," "goals," "objectives" or variations thereof or stating that certain action events or results "may," "can," "could," "would," "might," or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) and include, without limitation, statements with respect to projected financial targets that the Company is looking to achieve.All forward-looking statements are based on current beliefs as well as various assumptions made by and information currently available to the Company's management team. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections, and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution any person reviewing this press release not to place undue reliance on these forward-looking statements as several important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions, and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur.The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Company or on behalf of the Company except as may be required by law.Contact:TraDigital IRJohn McNamara917-658-2602John@tradigitalir.comSOURCE: Innovation Beverage Group Copyright 2025 ACN Newswire via SeaPRwire.com.
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Multi-Billion-Dollar Global Sports Brand U.S. Polo Assn. Launches in Australia ACN Newswire

Multi-Billion-Dollar Global Sports Brand U.S. Polo Assn. Launches in Australia

WEST PALM BEACH, FL AND SYDNEY, AUSTRALIA, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - U.S. Polo Assn., the official brand of the United States Polo Association (USPA), is proud to announce its launch in the Australian market alongside its brand partner Brand Machine Group (BMG). This entry further enhances the multi-billion-dollar brand's global presence and expands U.S. Polo Assn.'s reach into yet another new and exciting market.U.S. Polo Assn.U.S. Polo Assn. recently launched its Australian retail website www.uspoloassn.com.au with seamless access to the brand's iconic collections, showcasing the fusion of classic and contemporary style that aligns with how Australians live, work, and play. Website orders are now being fulfilled directly from the new Sydney warehouse throughout Australia and New Zealand."With over 40 years of experience in the market, BMG has been an outstanding partner for U.S. Polo Assn. in the U.K. and other European territories," said J. Michael Prince, President and CEO of USPA Global, the company that manages and oversees the multi-billion-dollar U.S. Polo Assn. brand. "As we celebrate 135 years of sport inspiration, we are confident that our partnership with BMG in the Australian market will support the global growth of the brand and deliver exceptional styles for our fans and consumers.""Australia's fashion retailing market continues to grow and evolve with new trends, changing consumer tastes, and new technologies. U.S. Polo Assn. looks to be a part of the evolution of fashion in the region through this market launch, by supporting the sport, and bringing that authentic connection to the sport of polo to Australia," Prince added.BMG has established a dedicated operation in Australia, led by Kevin Cliffe, Country Manager, from a state-of-the-art 220-square-meter showroom in Sydney. The new team encompasses sales, logistics, e-commerce, and customer service, ensuring a strong foundation for growth."Entering the vibrant Australian market demonstrates yet another significant milestone for U.S. Polo Assn. and for BMG's ongoing journey to revolutionize the e-commerce and retail landscape," said Boo Jalil, CEO of Brand Machine Group. "As one of the world's most popular brands, U.S. Polo Assn. is now ideally poised to reach even more consumers than ever before in this unique and trendsetting Australian market."About U.S. Polo Assn. and USPA GlobalU.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in North America, founded in 1890 and based at the USPA National Polo Center in Wellington, Florida. This year, U.S. Polo Assn. celebrates 135 years of sports inspiration alongside the USPA. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,200 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. Historic deals with ESPN in the United States and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global and digital growth. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.For more information, visit uspoloassnglobal.com and follow @uspoloassn.USPA Global is a subsidiary of the USPA and manages the global, multi-billion-dollar U.S. Polo Assn. brand. Through its subsidiary, Global Polo Entertainment (GPE), USPA Global also manages Global Polo TV, which provides sports and lifestyle content. For more sports content, visit globalpolo.com.About Brand Machine Group (BMG)BMG is an international leader in fashion innovation which has established itself as a vertical manufacturer and global licensing specialist with over four decades of industry experience. Partnering with recognized market leaders, BMG manages a seamless and collaborative process of designing, manufacturing, and delivering quality products while championing the DNA of a diverse portfolio of brands. Spanning fashion, sports, outdoor, and homeware, including adult fashion, kidswear, and accessories.BMG's portfolio of brands includes U.S. Polo Assn. Penfield, New Balance Kids, Duchamp, Jack Wills, Flyers American Born, Lee Kids, Peckham Rye, Wrangler Kids, Juicy Couture and Franklin & Marshall. BMG reaffirms its commitment to upholding sustainable and ethical business practices by ensuring full transparency throughout its global supply chain, aligning with the ETI Base Code. Visit www.brandmachinegroup.com and follow @brandmachinegroupContact InformationGina DigregorioMarketing Director (U.K.)gina.digregorio@brandmachinegroup.com+44 (0) 2039 593 330Stacey KovalskyVice President, Global PR and Communications (U.S.)skovalsky@uspagl.com+001.561.790.8036SOURCE: U.S. Polo Assn. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Asia’s airports take the lead at inter airport Southeast Asia 2025 kicks off the conference, driving conversations on the future of airport operations and passenger experience ACN Newswire

Asia’s airports take the lead at inter airport Southeast Asia 2025 kicks off the conference, driving conversations on the future of airport operations and passenger experience

Set to welcome 4,000 airport professionals, 150 international exhibitors, 4 dynamic pavilions, and 53 speakers from 66 countries and regions, IASEA 2025 is poised to shape the future of airport operations and passenger experience throughout the next 3 daysSINGAPORE, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - The much-anticipated inter airport Southeast Asia (IASEA) 2025 has officially opened today at Marina Bay Sands, Singapore, bringing together key airport industry stakeholders, global solution providers, and leading experts to shape the future of airport operations and passenger experience.Themed “Airport Operations for Tomorrow”, conversations surrounding these topics are especially crucial as the aviation industry is witnessing rapid transformation and projected global passenger traffic to reach 19.5 billion by 2042.Day 1 morning highlights: Keynotes and expert insightsThe opening day of IASEA 2025 set an exciting tone with thought-provoking discussions and visionary insights from industry leaders. The fireside chat on 'Reshaping Global Airport Operations', led by Patrick Ky, CEO, International Centre for Aviation Innovation (ICAI) and moderated by Glory Wee, Senior Director, Aviation Development Group, Civil Aviation Authority Singapore (CAAS), discussed the fundamental shift they anticipate airport operations will face and how airports must evolve to balance the imperatives of efficiency, resilience, and sustainability. When asked to share one game-changing technology that will redefine the industry, Patrick Ky shared that “innovation that drives data sharing will be key”, but that would require many regulatory aspects and willingness from airports to share with each other. This would take time, but it is key to building a stronger future. “It is clear from our discussion that in order to reshape airport operations, it is not just about technological advancements but also about setting standards, data integrity, collaborations, and sharing best practices. Above all, the industry needs to work towards building trust with partners and eco-system players,” said Glory Wee, Senior Director, Aviation Development Group, Civil Aviation Authority Singapore (CAAS). At the show, leading airports, including Narita International Airport Corporation, and Airports Corporation of Vietnam (ACV), presented case studies highlighting their technological integrations, regional growth strategies, and efforts to meet rising demand while enhancing passenger experience. Shinichiro Motomiya, General Manager, Narita International Airport Corporation, presented the ‘New Narita Airport’ expansion project for the 2030s, which includes extending an existing runway, constructing a new runway, improving connectivity into the city, building a new cargo area, and consolidating this into a single terminal to accommodate the expected increase of passenger capacity from 57 to 75 million and cargo capacity from 2.4 to 3.5 million tons at Narita International Airport.Separately, Vietnam’s aviation sector is experiencing rapid growth, with domestic travel projected to increase by over 20% from 2023 to 2027. To meet this soaring demand, Nguyen Dang Minh, Director of Airport Operations Department, Airports Corporation of Vietnam (ACV), shared ACV’s master plan to develop a robust and resilient airport network by 2050. By 2030, ACV will equip 30 airports across the country with a combined capacity to handle 275.9 million passengers and 4.1 million tons of cargo annually. By 2050, the network will expand to 33 airports (14 international and 19 domestic), ensuring that 97% of the population has access to an airport within 100 kilometres. The total investment for this extensive development is estimated to reach 420,000 billion VND.At the heart of this transformation is the Long Thanh International Airport project, positioned as a key national aviation hub and one of the most ambitious infrastructure projects in the region. The project is divided into three phases:Phase 1 (2025): Complete Terminal 1 with two runways and a cargo terminal, which will have the capacity to handle 25 million passengers.Phase 2 (2025-2030): Construction of Terminal 2, which will increase the airport’s capacity to 50 million passengers.Phase 3 (2035-2040): Two additional runways (T3 and T4 Terminals), reaching a total capacity of 100 million passengers.This year’s IASEA 2025 welcomes a delegation of leaders from major international airports in Vietnam, including Long Thanh International Airport—one of the world's most expensive greenfield airport projects—Noi Bai Airport, Danang Airport, Cat Bi Airport, Phu Quoc Airport, and Cam Ranh International Terminal.Mr. Nguyen Cao Cuong, Deputy General Director, Airports Corporation of Vietnam (ACV), shared during his opening remarks, “Under the direction of the Prime Minister of Vietnam, ACV's delegation at this expo is actively seeking high-quality, potential partners in technology, equipment, and airport operations to collaborate in accelerating the completion of Long Thanh, ensuring it meets the highest international standards. This show is not only a valuable opportunity for ACV to explore cutting-edge technologies and advanced management models but also a chance for all of us to discuss strategies for the collective growth of airport networks in Southeast Asia."What to look out for in IASEA 2025?Over the course of three days, groundbreaking discussions and innovations are taking centre stage, redefining efficiency, sustainability, and automation in ground handling and airport logistics. Today marks a significant milestone for CW Aero Services as the company announces the signing of a Memorandum of Understanding (MOU) with Goldhofer AG to become a Hub for Goldhofer GSE product lines in the Asia Pacific region. As part of this strategic partnership, CW Aero Services will not only promote Goldhofer GSE products within Singapore, Malaysia, Brunei, and the Philippines but also provide comprehensive support services. This includes the commissioning of new GSE deliveries, repair and maintenance work, and the supply of spare parts, ensuring seamless and efficient operations for customers in the region. This collaboration represents more than just a contractual agreement—it is a commitment by CW Aero Services to drive the growth and adoption of Goldhofer products and services across the Asia Pacific. By leveraging its expertise and regional presence, CW Aero Services aims to make a meaningful impact on the ground support equipment landscape in the region.Industry leaders are unveiling next-generation solutions designed to optimise airport operations, enhance energy efficiency, and streamline airside activities. One of the most highly anticipated product debuts comes from FastCharge GSE. The company launched the Enatel eGSE Charger – a cutting-edge charging solution designed specifically for electric ground support equipment (eGSE) – earlier this month, which was one of the first few times the product was showcased to the public. With a world-leading 97.6% efficiency, the charger minimises energy waste, optimises charging times, and reduces vehicle downtime, setting a new benchmark in airport electrification.Meanwhile, Oshkosh AeroTech has introduced two cutting-edge electric ground support vehicles to the Asia market at IASEA 2025 – the LEKTRO 88i electric aircraft tug and the B80 electric pushback tractor – that are designed to enhance airport efficiency, sustainability, safety, and reduce operational costs. The B80 pushback tractor, specifically, was built for heavy-duty operations, delivering high torque, all-wheel drive, and advanced energy management for efficient pushbacks of both narrow-body and wide-body aircraft. As the event unfolds, industry professionals can expect more exclusive product showcases, expert-led conference sessions, and networking opportunities that shape the future of airport operations across Asia.All trade professionals attending inter airport Southeast Asia 2025 will be granted free access to the exhibition and conference floors. For the latest information on inter airport Southeast Asia, please visit the event website, LinkedIn, or Facebook pages. About inter airport Southeast Asiainter airport Southeast Asia influences and accelerates the transformation of the airport industry in Asia by crafting a unique, 3-day airport trade show for the region.Every odd year, buyers and decision makers from the airports, airlines, ground handlers and the entire Airport community in Asia attend inter airport Southeast Asia to source and experience from the most diverse selection of innovations, technology and equipment for airport terminals and ramp operations.Whatever your strategy or needs - this is the place to be for business, friendship and new trends.25-27 March 2025Marina Bay Sands, Singaporewww.interairport-southeastasia.comAbout RX RX is a global leader in events and exhibitions, leveraging industry expertise, data, and technology to build businesses for individuals, communities, and organisations. With a presence in 25 countries across 42 industry sectors, RX hosts approximately 350 events annually. RX is committed to creating an inclusive work environment for all our people. RX empowers businesses to thrive by leveraging data-driven insights and digital solutions. RX is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. For more information, visit www.rxglobal.com. About RELXRELX is a global provider of information-based analytics and decision tools for professional and business customers. RELX serves customers in more than 180 countries and has offices in about 40 countries. It employs more than 36,000 people over 40% of whom are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York stock exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.*Note: Current market capitalisation can be found at http://www.relx.com/investorsMedia contacts (on behalf of RX)Carolyn Kok (carolyn.kok@fifthring.com)Chloe Lim (chloe.lim@fifthring.com) Copyright 2025 ACN Newswire via SeaPRwire.com.
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Genes Tech Group Announces 2024 Annual Results ACN Newswire

Genes Tech Group Announces 2024 Annual Results

2024 Annual Results Highlights- Total revenue reached approximately NTD931.96 million- Profit for the year attributable to owners of the Company amounted to approximately NTD24.28 million- Revenue from turnkey solutions reached approximately NTD418.45 million- Basic earnings per share were NTD2.43 centsHONG KONG, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - Genes Tech Group Holdings Co. Ltd (“Genes Tech Group” or “The Group”, Stock Code: 8257.HK) announces its annual results for the year ended 31 December 2024. (“During the period under review”). During the period under review, the Group recorded the total revenue of approximately NTD931.96 million, Profit for the year attributable to owners of the Company amounted to approximately NTD24.28 million. Basic earnings per share were NTD2.43cents. During the period under review, revenue from turnkey solutions amounted to approximately NTD418.45 million, accounting for approximately 44.90% of the Group’s total revenue. The revenue from the trading of parts and used Semiconductor Manufacturer Equipment (SME) amounted to approximately NTD513.51 million, accounting for approximately 55.10% of the Group’s total revenue. During the period under review, under the ongoing geopolitical tensions, the Group has established a solid strategic direction, as well as deepened cooperation with existing international clients and actively explored new models of collaboration. The Group’s revenue from operations in Japan significantly increased by 2,667.38% compared with last year, representing approximately 5.67% of the Group’s total revenue, while revenue from operations in Singapore increased by 41.56% from last year, representing approximately 12.29% of the Group’s total revenue.Since 2024, the semiconductor industry has seen a significant recovery and entered an upward cycle. Given that the rise of artificial intelligence (AI) technology provides a new driver for the continuous development of the industry, it is generally predicted that generative AI will affect more than 70% of semiconductor products in the coming years. According to the Semiconductor Industry Association (SIA), global semiconductor chip sales hit record high at USD627.6 billion in 2024, representing an increase of 19.1%, benefiting from strong demand for AI processors and memory. The sales in the fourth-quarter amounted to USD170.9 billion, representing an increase of 17.1% as compared to the fourth quarter of 2023 and an increase of 3.0% as compared to the third quarter of 2024. The Market Intelligence & Consulting Institute (MIC) of Taiwan estimates that the production value of Taiwan’s semiconductor industry will reach NTD4.76 trillion in 2024, representing an increase of 21.3%. The mainstream communication product sector has stabilized and showed growth, which has injected growth momentum to certain sub-sectors. Looking ahead to 2025, advanced chips will continue to drive the output growth of semiconductor industry, and Taiwan's semiconductor industry is projected to reach a total production value of NTD5.52 trillion in 2025, representing a 15.9% increase.Mr.Yang Ming-Hsiang, Chairman and Chief Executive Officer concluded: “Although the semiconductor industry is expected to continue its upward trajectory, it will be subject to certain uncertainties, including geopolitical risks, volatility of global economic policies, changes in end-market demand and dynamic adjustment on demand and supply from new production capacity. In addition, the continued Sino-U.S. semiconductor technology rivalry, especially the tightened control of AI chips export across the globe by the United States, will become a critical and unneglectable issue in the development of semiconductor industry. As such, the Group will pay close attention to the variables and respond to market changes in a prudent and flexible manner to ensure sustainable development. The Group will also capture development opportunities and strengthen its core competitiveness to create long-term shareholder value.”About Genes Tech Group Holdings Co. Ltd (Stock Code: 8257.HK)Genes Tech Group Holdings Co. Ltd is a turnkey solution provider and exporter of parts and used SME in Taiwan. Since the commencement of its business in 2009, the Group mainly engaged in providing turnkey solution for parts and used SME for its customers and modifying and/or upgrading the semiconductor equipment of its production systems according to customers needs. In addition, the Group is also engaged in the trading of parts and used SME. The parts and used SME supplied by the Group included furnaces, clean tracks and other related items, which were used at the front-end of the semiconductor manufacturing process, wafer fabrication such as deposition, photoresist coating and development, and these were extensively applied in mobile phones, game consoles, DVD players, automotive sensors and other digital electronic products.The press release is distributed by Vitalink Consultants Limited on behalf of Genes Tech Group Holdings Co. Ltd. For enquiry, please contact:Ms. Natural Lau Tel: (852) 2529 7999 Email: Natural.lau@vitalink.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
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Wintermar Reports Results For The Full Year Ended 31 December 2024 ACN Newswire

Wintermar Reports Results For The Full Year Ended 31 December 2024

SINGAPORE, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - Wintermar’s Operating Profit jumped by 101.5%YOY to US$17.8 million on the back of a 13.5%YOY increase in Total Revenue to US$82.4million, from higher charter rates and a better fleet mix of DP (Dynamic Positioning) vessels.Owned Vessel DivisionOwned Vessel Revenue rose by 28.9%YOY to US$62.1million for FY2024 from US$48.2million in FY2023. This was driven by a larger number of DP vessels in the fleet which pushed the average charter rates for 2024 up by 26% as compared to the average charter rate in 2023. These factors contributed to a 106.2%YOY jump in Gross Profit from Owned Vessels to US$22.4million for FY2024 with vessel utilization in 2024 at 66%, slightly lower than 68% for 2023.Owned Vessel gross margin has increased to 36.1% in FY2024 as compared to 22.6% in FY2023, reflecting a strong increase in charter rates as well as a better fleet exposure to the DP segment. Our 5150BHP to 8000BHP AHTS as well as PSVs experienced a higher charter rate boost than the rest of the fleet due to rising demand for deeper water drilling projects, which require DP capability.Vessel utilization fell in 4Q2024 to 63% compared to 67% in 3Q2024. Some vessels completed spot contracts while the monsoon season in Brunei also impacted utilization. These vessels underwent maintenance and will start operations again in mid 1Q2025. The additional PSV which was delivered in October 2024 did not commence operations until January 2025. Chartering Division and Other ServicesGross Profit from Chartering rose by 28.7%YOY to US$1.4million, despite slightly lower revenue of US$13.7million, reflecting improved margins. Gross Profit from Other Services recorded a decline of 16.7%YOY to US$2.6million upon the completion of a contract. Total Revenue for FY2024 rose 13.5% YOY to US$82.4 million with Total Gross Profit of US$26.4 million (+75.5%YOY) for FY2024 as compared to Total Revenue of US$72.6 million and Total Gross Profit of US$15.0 million in FY2023.Direct Expenses and Gross ProfitOwned Vessel Direct expenses rose by 6.4% YOY to US$39.7million, largely from higher maintenance costs, which rose by US$7.5million (+21.8%YOY), in additional to higher crewing costs of US$10.3million (+10.5%YOY).The higher maintenance and crewing costs are aligned with operating a fleet of higher value vessels and a larger proportion of operations outside of Indonesia. Depreciation costs rose by 5.4%YOY to US$13.4million as the number of operational vessels increased. Bunker costs rose by 7.2%YOY to US$3.3million due to higher oil prices and a larger number of vessels mobilized in and out of Indonesia.Indirect Expenses and Operating ProfitIndirect Expenses rose by 38.5%YOY to US$8.6million, with Staff Salary contributing US$1million to the increase, reflecting a focus on strengthening the operations, technical and IT teams to manage a higher value fleet, as well as the payment of employee bonuses in line with the strong operational performance. As the Company now participates in more international tenders, there has been an increase in marketing expenses by 164.8%YOY to US$0.66million.Operating margins jumped to 21.6% for FY2024 compared to 12.2% in 2023, as Operating Profit doubled to US$17.8million for FY2024, reflecting the impact of operational gearing on the Company’s profitability as charter rates begin to rise.Other Income, Expenses and Net Attributable ProfitInterest Expenses and financial charges fell by 4.2%YOY to US$1.2million while interest income rose by 582%YOY to US$0.46million, as the Company continued to accumulate cash flow and pay down debt. Equity in net earnings of associates jumped to US$2.4million for FY2024 from US$0.55million in FY2023, with strong contribution from associated companies with OSV operations which also benefitted from the strong industry upturn.The sale of fixed assets contributed a one-off gain of US$16.1million, largely from the sale of an older PSV in the first half of 2024. Due to the strengthening of the A, the Company recorded a FX loss of US$0.47million mainly from Rupiah denominated trade receivables.Non-controlling interest was significantly higher at US$9.8million compared to a small loss of US$0.04million in FY2023. The largest contributor to this was from the gain on sale of fixed asset as well as the stronger earnings from the PSV business which is 51% controlled by Wintermar.Net Attributable Profit to shareholders for FY2024 was US$22.5million, a significant jump of 237% compared to US$6.7million in FY2023. Excluding the gain on sale of Vessel, the underlying core profit increased by 126.5%YOY to US$15.1million compared to US$6.6 million in FY2023.FY2024 EBITDA increased by 44.8% YOY to US$31.5million.Industry OutlookThe recent months have been characterized by rising global uncertainty arising from dramatic policy changes in the US, the prospect of tariff wars and the fragile ceasefire in Gaza. These upheavals have not derailed the underlying momentum in the upstream investment cycle, which seems to still be unfolding as major oil companies have started to roll back renewable energy projects in favour of investing in oil and gas. The oil price has corrected from previous highs but is forecasted to stay firm in the next couple of years from OPEC+ intervention.In Indonesia, the government remains committed to the various major deepwater projects which have received investment approval in the past 12 months. SE Asian charter rates corrected slightly at the end of 2024 after a very sharp spike up in the past 12 months. However, there are several Engineering Procurement (EPCI) projects which require OSV for short-term projects, which accounts for a more volatile utilization of the OSV fleet. Business ProspectsDespite a slower 4Q2024, we are still optimistic on the outlook for OSVs in Indonesia as there are several approved deepwater drilling projects particularly in the Makassar strait and the Andaman sea which are likely to commence in 2H2025 to 2026. Some EPCI contracts have been awarded and tendering for the marine spread is ongoing for 2H2025 commencement. All this points to continued short term contracts, by virtue of where we are at this early stage of the drilling cycle, and we expect continued volatility in utilization rates while charter rates should remain firm.Wintermar took delivery of 3 units of newbuilt Heavy Load Barges (HLB) between December 2024 to February 2025. The vessels are in the process of conversion to Indonesian flag and will be ready to work by 2Q2025. In addition, the Company has ordered a newbuilt Platform Supply Vessel for delivery in 2026, which will enhance the DP capability of the fleet and reduce average age of the fleet. These acquisitions have been funded through internal cash flow and will be refinanced upon delivery. In 2H2025, another reactivated PSV is expected to be operational, adding to our capacity for 2025.Contracts on hand as at end February 2025 amounted to US$66million. About Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.For further information, please contact:Ms. Pek Swan Layanto, CFAInvestor RelationsPT Wintermar Offshore Marine TbkTel (62-21) 530 5201 Ext 401Email: investor_relations@wintermar.com DISCLAIMERCertain statements made in this publication involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. Certain statements relating to business and operations of PT Wintermar Offshore Marine Tbk and Subsidiaries (the Company) are based on management’s expectations, estimates and projections. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Certain statements are based upon assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements. The Company makes no commitment, and disclaims any duty, to update or revise any of these statements. This publication is for informational purposes only and is not intended as a solicitation or offering of securities in any jurisdiction. The information contained in this publication is not intended to qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to the Company and should not be relied upon for the purpose of making investment decisions concerning any securities of the Company. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Dida Inc. (02559.HK) Announced 2024 Annual Results, RMB 211 Million Adjusted Net Profit ACN Newswire

Dida Inc. (02559.HK) Announced 2024 Annual Results, RMB 211 Million Adjusted Net Profit

HONG KONG, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - Dida Inc. (“Dida” or the “Company”, Stock Code: 02559.HK), a leading technology-driven mobility platform, announced the audited consolidated annual results for the year ended December 31, 2024.Financial Highlights:- Revenue was RMB787.2 million for the year ended December 31, 2024, compared to RMB815.1 million for the year ended December 31, 2023.- Gross profit was RMB567.0 million for the year ended December 31, 2024, compared to RMB605.4 million for year ended December 31, 2023.- Net profit increased by 234.4% from RMB300.4 million for year ended December 31, 2023 to RMB1,004.3 million for the year ended December 31, 2024.- Adjusted net profit (non-IFRS measure) was RMB211.4 million for the year ended December 31, 2024, compared to RMB225.6 million for the year ended December 31, 2023.Operation Highlights:- Gross transaction value amounted to RMB7.4 billion and total number of orders reached 119.1 million for the year ended December 31, 2024.- Registered users reached over 372 million as of December 31, 2024- Certified private car owners reached 18.9 million, an increase of 21.4% year-on-yearBusiness OutlookCarpooling marketplace businessThe Company believes carpooling in China is still at its early stage of development, with significant market demand yet to be fully released and the benefits of carpooling not fully recognized by the public. At the same time, the Company notices a year-on-year increase in the demand for carpooling. In 2024, the number of passengers who placed orders surged 34.3% year-over-year, driven by robust demand in lower tier cities. Riders on the platform can access low-cost mobility options and enjoy quality experience. Private car owners can save money on gas and tolls by sharing traveling expenses with riders. Carpooling also brings about numerous societal benefits, such as reducing carbon emissions and mitigating traffic congestion. In the future, the Company will seek more robust, healthier, and suitable transportation capacity and a broader user base through multiple approaches. The Company will establish strong collaborations with third-party platforms to expedite the growth initiatives. In the lower-tier cities, the Company will drive growth through the conversion of private domain traffic, the dissemination of a “low-price” mindset, and the optimization of mini-program functionalities. The Company will continue to fine-tune the algorithms for precise route matching to enhance driver retention. Furthermore, the Company will explore various scalable carpooling scenarios, such as employee commuting and student travel to and out of college campuses, to expand the user base. For the driver side, the Company will also encourage more diversified demands to provide better travel experiences, especially for those looking for better ride compatibility. Moving forward, the Company will continue to refine the station based carpooling model to better meet user needs by offering more compatible and cost effective options.Taxi businessIn selected cities where the Company has already entered into strategic cooperation agreements, the Company will closely work with all relevant stakeholders, including local authorities, taxi industry associations, taxi companies, and taxi drivers to implement its strategy for smart taxi services. Several cities are considering changing traditional fixed-price models for taxi riding to dynamic pricing in response to competition from ride-hailing. The Company is leveraging this opportunity to provide smart taxi service solutions tailored to these cities, which includes technologies and systems to support the implementation of dynamic pricing.For the full announcement of Dida for the annual results ended December 31, 2024, please visitt: https://manager.wisdomir.com/files/594/2025/0321/20250321213001_91138480_en.pdfAbout Dida Inc.Dida Inc. (“Dida” or the “Company”, Stock Code: 02559.HK) is a leading technology-driven mobility platform in China. The Company creates more transit capacity with less environmental impact by providing carpooling marketplace services to pair up riders with private car owners if they are heading in similar directions at compatible times. It also provides smart taxi services, aiming to improve the efficacy and efficiency of relevant stakeholders in the taxi industry in China. Dida makes the mobility ecosystem greener and more efficient, and each trip experience warm and enjoyable.Forward-Looking StatementsThis press release contains forward-looking statements relating to the business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond the control. These forward-looking statements may prove to be incorrect and may not be realized in future. Underlying the forward-looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in the other public disclosure documents on the corporate website. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Q P Group’s Net Profit Surges 61% to HK$129 Million in 2024 ACN Newswire

Q P Group’s Net Profit Surges 61% to HK$129 Million in 2024

HONG KONG, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - Q P Group Holdings Limited (“Q P Group” or the “Group”; Stock code: 1412), a paper product manufacturing and printing services provider, today announced its annual results for the year ended 31 December 2024 (“FY2024” or the “Reporting Period”).In FY2024, the Group achieved revenue of approximately HK$1,210.9 million, representing a year-on-year increase of approximately 16.5%, driven by increased demand from its original equipment manufacturer (“OEM”) and web sales customers. Bolstered by continuous improvements in operational and production efficiency, profit attributable to the equity holders of the Company surged approximately 61.2% to approximately HK$129.1million.The Board of Directors has proposed a final dividend of HK11.0 cents per share (FY2023: HK8.0 cents) for FY2024. Together with the interim dividend of HK3.0 cents (FY2023: HK2.0 cents) already paid, the total dividend for FY2024 will be HK14.0 cents per share (FY2023: HK10.0 cents).Business ReviewDuring the Reporting Period, the Group remained highly focused on steady business expansion and optimisation of operations, successfully capturing new business opportunities driven by rising demand for its major OEM customers’ products. Additionally, the Group made steady progress in diversifying its business across various product lines. Leveraging strengths in product development, production know-how and operation standards for trading cards production, it cultivated business relationships with an industry-leading global trading card company and various publishers in China. During the Reporting Period, the Group’s OEM sales reached approximately HK$984.8 million, up approximately 16.4% from approximately HK$845.8 million for FY2023.In terms of web sales business, riding on the well-established market position, enhanced customer experience and effective cost-saving measures, the Group’s web sales achieved steady growth during the Reporting Period. Q P Market Network (“QPMN”), our recently launched business-to-business-to-consumer (B2B2C) e-commerce platform, also made ongoing efforts to enhance its website’s infrastructure and functionality, and successfully built relationships with business partners from all over the world. In FY2024, the Group’s web sales amounted to approximately HK$226.1 million, representing a growth of approximately 16.9% as compared with approximately HK$193.4 million for FY2023.In respect of operations, the Vietnam plant commenced full-scale operations during the Reporting Period, becoming a crucial production hub for the Group. In September 2024, the Group entered into a construction agreement with a contractor for the construction works in relation to the expansion of the Vietnam plant.ProspectsLooking ahead, the Group will stay focused on steady business expansion and operational optimisation. It aims to strengthen its OEM solutions by innovating in product structural design, printing and finishing techniques, and new material utilisation. To capitalise on the booming trading card games market, the Group will actively participate in relevant trade shows to enhance market penetration and position itself to seize emerging opportunities.The development of QPMN remains the Group’s key growth strategy in web sales business in the long run. The Group will focus on enriching its e-commerce solutions for product customisation, expanding its product range and enhancing its integration with popular e-commerce platforms, in order to better align with the market standard and expectations of business partners. For the Original Brand Manufacturer (“OBM”) business, the brand’s dedicated team has formulated a series of online and offline approaches, aiming to progressively diversify the brand’s sales channels, enlarge customer base, broaden market presence and grow the customer base. Besides playing cards, the brand will explore the market potential of other products such as trading card games, board games, and tarot decks to promote brand awareness and expand revenue streams.The Group will continue to optimise production operations, with the expansion of its Vietnam production base progressing on schedule and expected to commence operations in the third quarter of 2025. This strategic expansion will enable the Group to develop a more comprehensive supply chain in Vietnam and diversify the potential operational risks arising from geopolitical factors. On the other hand, following the recent milestone of achieving the certification of 2i level of Industry 4.0 maturity, the Group is committed to advancing its digital transformation through improvement in utilisation of operational data and scaling up the application of smart operations across more production lines and workshops.Mr. Cheng Wan Wai, Founder, Chairman and CEO of Q P Group concluded: “The manufacturing industry is predicted to face a complicated economic landscape with both opportunities and challenges in 2025. The consumer market is expected to show resilience, underpinned by steady economic growth and declining inflation. In contrast, the imposition of tariffs and heightened protectionism driven by widespread geopolitical tensions will inevitably impact the manufacturing sector. Based on our solid business and financial foundation, we are confident about the long-term prospect of the Group. We will continuously implement appropriate strategies to sustain steady growth and create long-term value for our stakeholders.About Q P Group Holdings Limited (Stock code: 1412)Established in Hong Kong in 1985, Q P Group is one of the leading paper-based tabletop games and greeting cards manufacturers in the PRC, with production sites in Dongguan and Heshan in Guangdong Province and Phu Ly City in Ha Nam Province, Vietnam. Its principal product categories include tabletop games, greeting cards, trading cards, educational items and premium packaging. Since 2010, the Group has been operating web sales businesses to provide online solutions for diversified customised paper products and gift items. Currently, the number of its active registered users has reached over 77,600.Q P Group’s major websites are:www.makeplayingcards.comwww.boardgamesmaker.comwww.createjigsawpuzzles.comwww.printerstudio.comQ P Market Network:www.qpmarketnetwork.comFor more information, please visit: https://www.qpp.com/Media EnquiriesStrategic Financial Relations LimitedVicky LeeTel: (852) 2864 4834Email:vicky.lee@sprg.com.hkPhoebe LeungTel: (852) 2114 4172Email:phoebe.leung@sprg.com.hkWill ChengTel: (852) 2864 4894Email:will.cheng@sprg.com.hkWebsite: http://www.sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
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DEXIS to Showcase Cutting-Edge Innovations at IDS 2025 ACN Newswire

DEXIS to Showcase Cutting-Edge Innovations at IDS 2025

QUAKERTOWN, PA, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - DEXIS, the global leader in dental imaging technologies, is excited to announce its participation in the International Dental Show (IDS) 2025 in Cologne, Germany.The company will showcase new technologies within the DEXIS digital ecosystem, an AI-powered platform that connects each step of the digital workflow, from diagnosis to delivery. The ecosystem combines AI, 2D & 3D imaging, intraoral scanning, diagnostics, and treatment planning to create one integrated solution that streamlines processes and boosts productivity."We're excited to give IDS attendees the very first look at some of our new technologies," says DEXIS President, Robert Befidi. "All of our innovations are designed to improve patient interactions and make dental practices more effective and efficient. We're eager to put our products into the hands of dental professionals and demonstrate the capabilities of our new technologies."Among these innovations are some exciting updates to the DEXIS intraoral scanning portfolio. Visitors will get an exclusive first look at the company's all-new intraoral scanner under development, Imprevo. With a sleek new design, fully rebuilt hardware, and AI-powered algorithm, Imprevo will become the new high-performance flagship of the DEXIS IOS portfolio.IS ScanFlow, the software that powers the DEXIS intraoral scanner line, will preview its newest version, IS ScanFlow 2.0, featuring a new Smile Visualizer tool. The tool will allow dental professionals to show patients a realistic preview of their smile before and after treatments, helping them to visualize and better understand treatment recommendations.DEXIS will also unveil updates to the ORTHOPANTOMOGRAPH™ OP 3D™ EX, which will soon include cephalometric imaging capabilities. The new ceph modality, which features the company's patented ORTHOceph™ Plus design, will provide necessary protocols such as lateral and pediatric lateral projections, posterior-anterior projections and carpus imaging* - all with fast scan times and at a limited dose.Additionally, the DEXIS 3D imaging portfolio will introduce an Automatic Dose Control feature for the ORTHOPANTOMOGRAPH™ OP 3D™ LX. The feature will measure patients' anatomy and automatically set exposure levels for optimal image quality and dose. Early adopters have reported positive feedback:"The new Automatic Dose Control is one of the few things in life I don't have to question," says Dr. Katya Archambault of San Diego Health Center. "It offers both better and more consistent image quality. I could never argue with the results."Also being showcased are new features within DTX Studio™ Clinic, the core software of the DEXIS digital ecosystem. Known for its comprehensive integration of all modalities of patient data, DTX Studio Clinic streamlines diagnostics, patient education, treatment planning, and surgical guide generation.The software's new features include a suite of tools designed to streamline the implant treatment planning process. Users can now plan an implant treatment and generate an automated surgical template chairside in under 3 minutes. Additionally, the software introduces an Assisted Implant Planning module that automates initial implant positioning, and a Face Scan tool that integrates facial scans with 3D X-rays, further enhancing the planning process.Attendees will also get the chance to preview new innovations, set to be released in future updates of DTX Studio Clinic. Among these innovations is a new, AI-driven endodontic capability, that will provide 3D visualizations of root canals, enhancing diagnostic accuracy and treatment efficiency. Additionally, updates to the focus areas detection tool will be showcased, enhancing the visualization of teeth in intraoral X-rays and detecting eight additional dental findings.DTX Studio Clinic will also introduce a new Cloud-based solution that will allow clinicians to connect their practices and consolidate data in one place. This feature is designed to enhance collaboration and streamline workflows, ultimately improving practice efficiency and patient outcomes. These advancements showcase the future of dental technology, making DTX Studio Clinic an integral part of modern dentistry.DEXIS invites all IDS attendees to visit Hall 11.2 K050 L069 to experience the innovations that DEXIS has to offer. Their team of experts will be ready to provide demonstrations and answer questions.With more than 165,000 solutions in use around the world, DEXIS continues to set the standard for quality and reliability in dental imaging. For more information about DEXIS and its participation in IDS, please visit DEXIS @ IDS 2025.About DEXISDEXIS is the global leader in dental imaging. We bring together the most trusted brands in 2D and 3D imaging, intraoral scanning solutions, and diagnostic software, in one connected and AI-powered ecosystem. Our innovative and award-winning technologies use smart simplicity to increase productivity and enhance diagnostic confidence. For more information, please visit DEXIS.com.About EnvistaEnvista Holdings Corporation is a global family of more than 30 trusted dental brands, including Nobel Biocare, Ormco, DEXIS, and Kerr, united by a shared purpose: to partner with professionals to improve lives. Envista helps its customers deliver the best possible patient care through industry-leading dental consumables, solutions, technology, and services. Its comprehensive portfolio, including dental implants and treatment options, orthodontics, and digital imaging technologies, covers a wide array of dentists' clinical needs for diagnosing, treating, and preventing dental conditions as well as improving the aesthetics of the human smile. With a foundation comprised of the proven Envista Business System (EBS) methodology, an experienced leadership team, and a strong culture grounded in continuous improvement, commitment to innovation, and deep customer focus, Envista is well equipped to meet the end-to-end needs of dental professionals worldwide. Envista is one of the largest global dental products companies, with significant market positions in some of the most attractive segments of the dental products industry. For more information, please visit www.envistaco.com.DXIS01006/Rev00*Carpus is an optional imaging programContact InformationMaria PenalozaMedia & Content Strategy Managermariap@accessnewswire.comMichelle CabralSenior Marketing Director, DEXISmichelle.cabral@envistaco.comSOURCE: Envista Copyright 2025 ACN Newswire via SeaPRwire.com.
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ENTERPRISE DEVELOPMENT HOLDINGS LIMITED ANNUAL RESULTS FOR THE YEAR 2024

Financial Highlights- Revenue was RMB408,585,000, representing an increase of 574% year-on-year;- Gross profit was RMB46,014,000, representing an increase of 77% year-on-year;- Net profit was RMB73,561,000, representing an increase of 1,835% year-on-year;- Closing cash and cash equivalents was approximately RMB160,575,000.HONG KONG, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - Enterprise Development Holdings Limited (“Enterprise Development Holdings” or the “Company”, stock code: 1808.HK) announced the consolidated financial results of the Company and its subsidiaries (collectively referred to as the “Group”) for the year ended December 31, 2024 (the “Reporting Period”).In 2024, driven by emerging sectors such as artificial intelligence, digital industry of China maintained stable overall operations, with further enhancements in innovation capabilities. The pace of enterprises going global accelerated, continuously accumulating new momentum and advantages. The Group actively seized industry development opportunities, led with innovation and made steady progress. The Group continued to steadily expand its existing business while fostering new-quality productive forces, with a focus on the digital economy sector. The Group’s business layout and development have begun to bear fruit through phased achievements.During the Reporting Period, benefiting from the continuous development of the Group’s existing business, the Group secured and completed new contracts which involved integrated IT solutions, edge computing, intelligent computing and other data services. The Group recorded the revenue of approximately RMB408,585,000, representing an increase of 574% year-on-year. Driven by the significant rise in revenue and the increase in net gains from the sale of financial assets and fair value adjustments, net profit was approximately RMB73,561,000, representing an increase of 1,835% year-on-year.BUSINESS REVIEWIn 2024, the Group adopted a business-oriented approach to accelerate the construction of the “three chains and one circle” model, continuously reinforcing an innovation-driven, open and win-win digital economy ecosystem. Meanwhile, the Group combined its technological and capital advantages in a dual-chain approach to empower various sections across the industrial ecosystem and create new engines for business growth through means such as industrial incubation and investments.In terms of capital operation, the Group has established an industrial investment fund. Through means such as industrial incubation and investments, it aims to gather more premium resources, build new engines for business growth, and further solidify its leading position in the digital economy sector. In terms of investment, in 2024, Beijing Orient Legend Maker Software Development Co., Ltd. invested 15% equity interests in Beijing Longteng Haida Technology Development Co., Ltd. to expand market penetration in PRC’s enterprise sector, leveraging its expertise in cloud-based platforms and AI-driven tools to enhance operational efficiency for their customers.During the year of 2024, the software business was benefited from the all-round improvement in management to significant growth of in the year. During the Reporting Period, the Group continued to develop its existing business, and entered into and completed new contracts which involved integrated IT solutions, edge computing, intelligent computing and other data services. The overall revenue from its software business reached RMB407,756,000, representing a year-on-year increase of 579%.OUTLOOKAmid the wave of digital transformation, digital technology is integrating into every corner of socio-economic development, becoming a crucial engine driving accelerated urban economic growth and fostering high-quality industrial advancement. In the future, the Group will capitalize on its longstanding customer resources and product and service advantages to strengthen its foundations and consolidate existing businesses. In addition, the Group will proactively position itself for the development of new-quality productive forces catalyzed by a combination of factors such as cutting-edge scientific and technological breakthroughs, innovative allocation of factors of production and industrial transformation and upgrading, particularly in the digital economy sector, promoting the integration of digital and real economy, and driving business innovation and upgrades.To actively embrace the opportunities of the digital transformation era, the Group will continue to optimize and consolidate its first-mover advantages in the fields of data elements, data asset operations, AI computing and edge computing in the future. The Group will fully unleash the agglomeration effect of the industrial chain, dedicating long-term efforts to industrial chain integration and industrial ecosystem development. Leveraging the technological potential of big data, big models and high-performance computing power, the Group is committed to establishing itself as a service provider that concentrates on the digital economy sector, with a focus on data elements, data asset operations, AI computing and edge computing, aiming to provide customers with integrated digital technology solutions and create value for our shareholders.About Enterprise Development Holdings LimitedEnterprise Development Holdings Limited (“Enterprise Development Holdings” or the “Group”, stock code: 1808.HK) is committed to establishing itself as a service provider that concentrates on the digital economy sector, with a focus on data elements, data asset operations, AI computing and edge computing, aiming to provide customers with integrated digital technology solutions.The Group will adopt a business-oriented approach to open up and establish a “three chains and one circle” model: focusing on the overall synergy of the innovation chain, industrial chain and financial chain. The Group will continue to optimize and consolidate its first-mover advantages in the fields of data elements, data asset operations, AI computing and edge computing. The Group will fully unleash the agglomeration effect of the industrial chain, dedicating long-term efforts to industrial chain integration and industrial ecosystem development. Leveraging the technological potential of big data, big models and high-performance computing, the Group will facilitate the integration of digital and real economy, continuously driving business innovation and upgrades. Copyright 2025 ACN Newswire via SeaPRwire.com.
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CTF Life Introduces ‘GBA MediAccess’ Outpatient Insurance Plan ACN Newswire

CTF Life Introduces ‘GBA MediAccess’ Outpatient Insurance Plan

HONG KONG, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - CTF Life announces today the launch of its “GBA MediAccess” Outpatient Insurance Plan (“GBA MediAccess” or “the Plan”), tailored for customers who travel frequently between Hong Kong, Macau, and designated Greater Bay Area (GBA) cities*. By harnessing the robust medical network of The GBA Healthcare Group (GBAH), a member of Chow Tai Fook (CTF) Enterprises, the Plan provides convenient and quality medical services. Fully leveraging CTF Group’s diverse conglomerate, CTF Life is committed to delivering quality experiences for customers and creating value beyond insurance. Notably, CTF Life has become the first insurer to partner with GBAH to offer traditional Chinese medical outpatient consultations.Three plan levels are available, covering designated GBA cities*, as well as Hong Kong and Macau. It offers market-first1 coverage for both Western and traditional Chinese medical practitioner outpatient consultations, as well as dental scaling and health management value-added services for the customer and up to two designated family members2. The Plan provides a comprehensive range of services, including online3,4 and offline general practitioner outpatient consultation3,5, with up to three days of prescribed basic medication, traditional Chinese medical outpatient consultation3,6, dental scaling3,7, and two value-added services offering proactive health management3,8 and chronic disease management3,9. This one-stop solution addresses the needs of customers and their families2 in areas ranging from health screening, continuous monitoring to health education, providing reliable, affordable, and accessible healthcare management. It sets a cornerstone for personal and family health, ensuring customers peace of mind as they travel within the GBA.CTF Life formed a strategic partnership with GBAH in early 2024, creating a tripartite alliance with the 3A hospitals in the GBA under GBAH’s network to deliver one-stop premium medical services. This collaboration not only enhances medical efficiency and reduces healthcare costs, but also elevates the customer service experience. The deepened collaboration further strengthens this partnership, actively supporting the Hong Kong SAR government’s efforts to develop the GBA by providing high-quality medical services to customers who travel frequently across the region.Jarita Kwan, Chief Product Officer of CTF Life, said: “With the rapid development of the GBA, there is a growing demand for healthcare coverage across the region. ‘GBA MediAccess’ is specifically designed to meet the evolving lifestyles of our customers and the increasing popularity of integrated Chinese and Western medical treatments. It enables customers and their families in the GBA to benefit from the CTF Group’s diverse conglomerate, accessing premium Chinese and Western healthcare services provided by GBAH. The Plan introduces market-first1 family coverage for up to three members2 to co-use services under a single plan, including Western and traditional Chinese medical outpatient services and dental scaling, fully underscoring CTF Life’s commitment to being people-focused and customer-centric. Moreover, CTF Life is the first insurer to partner with GBAH to offer Chinese medical outpatient consultations. We look forward to further strengthening our collaboration with GBAH to launch more services that cater to customer needs, creating value beyond health.”Dr. Felix Lee, Co-CEO of The GBA Healthcare Group, stated: "Our deepened collaboration with CTF Life strategically addresses evolving cross-border lifestyles and retirement needs in the GBA, while pioneering the integration of insurance and healthcare innovation. Through ‘GBA MediAccess,’ customers and their families can book appointments with internationally accredited GOLDTM-certified family doctors, accessing a suite of healthcare services. These include General Practice consultations in Guangdong, Hong Kong, and Macau, Traditional Chinese Medicine services in the GBA*, Video Consultations, Chronic Disease Management, Proactive Health Management, and the convenience of Cross-border Direct Billing for Insurance. By leveraging GBAH’s end-to-end healthcare expertise – from preventive care to treatment – our expansive cross-border network, and the region’s unparalleled medical resource advantages, we deliver multi-generational healthcare continuity across the GBA. This ensures families achieve holistic health stewardship, from preventive interventions to health legacy planning. Moving forward, building upon our professionally accredited healthcare ecosystem and trusted standards in the GBA, we will jointly propel the development of an internationally recognised value-based care model, while collaboratively pioneering innovative solutions to advance client-centered health stewardship."Key features of the Plan include:1) Market-first1 family coverage for three members:- The Plan provides coverage for the customer and up to two of their designated family members2 to take care of the family’s needs, offering comprehensive health protection and medical support in daily life.2) Online3,4 and offline general practitioner outpatient consultation services:- Regardless of whether the customer chooses a face-to-face or online consultation, the insured and designated family members2 can receive up to three days’ supply of prescribed basic medication with free delivery service (online consultations only). Three plan levels are available, with face-to-face outpatient consultation service covering designated cities in the GBA*, as well as Hong Kong and Macau.- Customers enrolled in Plan 3 can enjoy unlimited online general practitioner consultations conducted by designated clinics within the medical network, as well as medication delivery services in Mainland China10.3) Traditional Chinese outpatient consultation and dental tooth polishing services:- In addition to conventional Western medical outpatient services, upon referral by a GOLDTM doctor of GBAH, customers can receive traditional Chinese medical treatment services at designated clinics within the medical network located in designated GBA cities*. The services include consultations, diagnosis, prescribed traditional Chinese medicine for up to three days, and related traditional Chinese medical services and treatments.- The Plan also offers annual dental scaling and dental care service.4) Health management value-added services:- Proactive health management: This attentive service is conducted by GOLDTM doctors and nurses from GBAH, and includes an evaluation of a patient’s family medical history, the setting of annual health targets, education about preventive care, recommendations for a healthier lifestyle, etc. Follow-up consultations can be arranged for customers if needed.- Chronic disease management programme: GOLDTM doctors and nurses from GBAH shall offer customers and their family members education about chronic disease prevention, including regular check-ups, diabetes screening, medication management, and lifestyle advice, in a bid to achieve early prevention, early detection, and early treatment.CTF Life launches “GBA MediAccess” Outpatient Insurance Plan to enable customerswho travel frequently between Hong Kong, Macau, and designated cities in the Greater Bay Area* to receive convenient and quality medical services provided bythe robust medical network of GBAH. From left to right: Jarita Kwan, Chief ProductOfficer of CTF Life; Denise Au-Yeung, Chief Strategy Officer of CTF Life; Dr. FelixLee, Co-CEO of GBAH; and Peter Fang, Chief Insurance Officer of GBAH.Remarks:*“Designated GBA cities” refers to the six cities in Guangdong Province of the People’s Republic of China – Guangzhou, Shenzhen, Zhuhai, Foshan, Dongguan, and Zhongshan.1.“Market-first” refers to the Plan providing coverage for the customer and up to two of their family members, and it offers both Western and traditional Chinese medical practitioner outpatient consultation, as well as dental scaling and health management value-added services. “Market-first” is the result of a comparison of similar protection plans from major life insurers in Hong Kong, as of 24 March 2025.2.Family member / Designated Family Member shall be up to 2 immediate family members (i.e. Policy Owner’s legal spouse, child, or parent) designated by the Policy Owner (i.e. the Insured) at application or renewal. Designated Family Member cannot be changed within the same Policy Year. The issue age of the Insured ranges from 18 to 80 years old, while the issue age of the Designated Family Members ranges from 15 days old to 80 years old.3.For each outpatient consultation, the Insured and/or Designated Family Member is required to pay a co-payment of HKD 20 / MOP 20 / RMB 8. If the Insured and/or Designated Family Member receives any medical services, treatments, and/or medications that are not covered under this plan during any outpatient consultation or health management services provided by GBAH, the Insured and/or Designated Family Member will be responsible for covering the costs of such medical services, treatments, and/or medications.4.The general practitioner online consultation is only applicable to the Insured and/or Designated Family Member whose attained age is 7 or above on the day of the online consultation. The Insured or Designated Family Member may choose to receive online consultation conducted by registered medical practitioners of the designated clinics under the Medical Network in Mainland China of GBAH and prescribed basic medication for a duration of up to 3 days, including basic medication delivery services, provided that the address of the Insured or Designated Family Member is in the same geographical area as the clinic of the registered general practitioner who provides such online consultation. If the Insured and/or Designated Family Member is located in a different geographical area from the clinic of the registered medical practitioner during the online consultation, the service of the Plan shall not cover such online consultation nor any outpatient services. The Company shall not be liable for any losses incurred by the Insured or Designated Family Member.5.The Insured and/or Designated Family Member can receive face-to-face outpatient consultations conducted by registered medical practitioners of the designated clinics under the Medical Network within Designated GBA Cities, Hong Kong or Macau (subject to the area of coverage according to different plan levels as specified in the At-a-Glance Table in the product brochure), and prescribed basic medication for a duration of up to 3 days.6.If the Insured and/or Designated Family Member suffers from a Disability, and following an initial referral confirmed by a GOLDTM doctor of GBAH as Medically Necessary for traditional Chinese medical treatment, the Insured or Designated Family Member shall receive traditional Chinese medical treatment services at designated Chinese medical clinics under the Medical Network within the Designated GBA Cities of GBAH for such Disability. Service shall include consultations, diagnosis, prescribed traditional Chinese medicines for a duration of up to 3 days, and related traditional Chinese medical services and treatments, up to 100 Chinese yuan per outpatient consultation.7.The Insured or Designated Family Member shall receive dental scaling and dental care service at designated dental service centres under GBAH once per Policy Year.8.Upon completion of enrolment for this service under the Plan by the Insured and/or the Designated Family Member, GBAH will proactively reach out the Insured and/or the Designated Family Member. With their consent, an initial assessment of proactive health management to be conducted via face-to-face or online will be arranged by the GOLDTM doctors from GBAH for the Insured and/or Designated Family Member. The first assessment of proactive health management and any subsequent follow-up assessments shall each be considered as 1 outpatient consultation, subject to the maximum number of outpatient consultations per Policy Year.9.GBAH shall offer patients with education of chronic disease prevention. This programme is provided by GOLDTM doctors and nurses of GBAH for the Insured and/or Designated Family Member and which is limited to the Medical Network in Mainland China. Visits to clinics or service centres under Medical Network of GBAH by the Insured and/or Designated Family Member for this Chronic disease management programme shall not be considered as outpatient consultation and shall not be subject to the maximum numbers of outpatient consultation per Policy Year.10.For general practitioner online consultations that exceed the annual policy limit for outpatient services, the Insured and/or Designated Family Member will be responsible for covering the costs of medications and delivery fees.Important Notice:- The information contained in this press release is intended as a general summary of information for reference only. For more details, please refer to relevant product brochures, promotion leaflets, and policy documents. For details regarding the CTF Life “GBA MediAccess” Outpatient Insurance Plan, the terms and conditions of the Plan shall prevail.- This press release does not contain the full provisions of “GBA MediAccess” Outpatient Insurance Plan, and the full terms can be found in the Policy documents. “GBA MediAccess” Outpatient Insurance Plan may serve as standalone plan(s) without bundling with other type(s) of insurance product. Please refer to the main product brochure and policy terms and conditions, as well as the explanatory documents provided by your licensed insurance intermediary, to fully understand the details and complete terms and conditions regarding the mentioned definitions, fees, product features, exclusions, and compensation payment conditions related to “GBA MediAccess” Outpatient Insurance Plan.- Please refer to the product brochure for more information on “GBA MediAccess” Outpatient Insurance Plan: https://www.ctflife.com.hk/pdf/en/products/life-insurance/health/gba-mediaccess-product-brochure.pdf- For further details, please contact CTF Life’s Customer Service Hotline on +852 2866 8898.- This press release is intended to be distributed in Hong Kong only and shall not be construed as an offer to sell or a solicitation to buy or provision of any of our products outside Hong Kong. Chow Tai Fook Life Insurance Company Limited hereby declares that it has no intention to offer to sell, to solicit to buy or to provide any of its products in any jurisdiction other than Hong Kong in which such offer to sell or solicitation to buy or provision of any product of Chow Tai Fook Life Insurance Company Limited is illegal under the laws of that jurisdiction. About CTF LifeChow Tai Fook Life Insurance Company Limited (“CTF Life”) is proud of its rich, 40-year legacy in Hong Kong. CTF Life is a wholly-owned subsidiary of CTF Services Limited (Hong Kong Stock Code: 659) and one of the most well-established life insurance companies in Hong Kong. As a member of Chow Tai Fook Enterprises Limited, CTF Life consistently strengthens its collaboration with the diverse conglomerate of the Cheng family (“Chow Tai Fook Group” or “the Group”) to support customers and their loved ones in navigating life’s journey with personalised planning solutions, lifelong protection and diverse lifestyle experiences. By leveraging the Group’s robust financial strength and strategic investments across the globe, CTF Life aspires to become a leading insurance company in Asia while continuously creating value beyond insurance.About the GBA Healthcare Group (GBAH)The GBA Healthcare Group (GBAH) was established in 2014, a mission driven healthcare company founded in Hong Kong that has been pioneering private public partnerships for healthcare services with various regional governments in the Greater Bay Area (GBA). GBAH is a strategic, controlling healthcare investment of Chow Tai Fook Enterprises Limited, the flagship private investment holding company of the Cheng Family in Hong Kong. Since its establishment, GBAH has delivered primary care training and accreditation to over 3,500 GOLDTM-certified family doctors and nurses in the GBA, jointly built over 220 GOLDTM private-public-partnership clinics in partnership with regional governments, and operated GOLDTM Hong Kong-Macau Residents Healthcare Services Centers within large-scale top-tier public hospitals, offering full-spectrum outpatient and inpatient care. Through such a vast service network, GBAH is creating innovative alternative payment models with commercial health insurers, based on family medicine and preventive care practices, to implement value-based health insurance propositions. The goal of GBAH is to give everyone access to trusted and affordable healthcare, so that everyone can freely pursue their dreams without worrying about their health.Media EnquiriesCTF LifeBranding & CommunicationsDeronie Tan+852 2591 8504deronie.tan@ctflife.com.hkChow Tai Fook Life Insurance Company Limited (Incorporated in Bermuda with limited liability) Copyright 2025 ACN Newswire via SeaPRwire.com.
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The 15th PropertyGuru Asia Property Awards (Singapore) present new categories amid resilient consumer sentiment ACN Newswire

The 15th PropertyGuru Asia Property Awards (Singapore) present new categories amid resilient consumer sentiment

SOUTHEAST ASIA’S LEADING PROPTECH COMPANY REINVIGORATES SEARCH FOR THE COUNTRY’S FINEST REAL ESTATESINGAPORE, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - The 15th edition of the PropertyGuru Asia Property Awards (Singapore) is now open for entries. To commemorate the milestone, the awards programme has been revitalised with the addition of new competitive categories as well as a new venue for 2025.The 15th edition of the PropertyGuru Asia Property Awards (Singapore) is now open for entries, with submissions accepted until 5 September.The latest search for Singapore’s finest real estate unfolds against a backdrop of market resilience and stability. Strong property demand persists despite ongoing challenges faced by property seekers, according to the PropertyGuru Singapore Consumer Sentiment Study H2 2024.The black-tie gala dinner and awards ceremony will be held for the first time at Andaz Singapore. Key dates for the 2025 edition are:5 September 2025 – Entries Close22-26 September 2025 – Site Inspections29 September 2025 – Final Judging31 October 2025 – Gala Dinner and Awards Ceremony in Singapore12 December 2025 – Regional Grand Final Gala Dinner and Awards Presentation in Bangkok, Thailand The 15th PropertyGuru Asia Property Awards (Singapore) programme is part of the broader PropertyGuru Asia Property Awards series, organised by PropertyGuru Group, Southeast Asia’s leading property technology company.Stable sentimentSingapore’s real estate market continues to exhibit resilience, with one in two consumers intending to buy a property within the next five years, according to the PropertyGuru Singapore Consumer Sentiment Study H2 2024.The Sentiment Index—which measures current real estate satisfaction and overall climate, housing affordability, interest rates, perceived government efforts, and property prices—remained stable at 43 points. This represents a slight decrease from the H1 2024 report, which recorded 44 points.This year’s awards mark the debut of several new categories, including Best Renovated Commercial Development; Best Renovated Residential Development; and Best Sustainable Development.Jules Kay, general manager of PropertyGuru Asia Property Awards and EventsJules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are proud to launch the 15th edition of our Awards series in Singapore, presenting well established and new accolades that underline its reputation as one of the greenest and most forward-thinking real estate markets in Asia Pacific. Our 2025 awards aim to recognise an even richer range of options for nature-inspired living and urban comforts in Singapore, illustrating a vision of what tomorrow’s cities can achieve. We are optimistic that demand for quality will stay resilient despite market challenges as we honour more projects that benefit Singapore's diverse communities and safeguard its environment.”Kristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd, and chairperson of the PropertyGuru Asia Property Awards (Singapore), with 2024 Best Developer, UOL Group LimitedKristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd, and chairperson of the PropertyGuru Asia Property Awards (Singapore), said: "At the 2025 PropertyGuru Asia Property Awards (Singapore), developers have the opportunity to present their achievements on a distinguished platform, showcasing them to the industry at large. Continuously adapting with the times, the awards honour companies and projects that excel not only in raising design and development standards but also in advancing sustainability, lifting communities, and improving the urban fabric of Singapore."Thorsteins leads an independent panel of judges, comprising experts across various segments of the Singapore real estate industry. As the official supervisor, HLB Singapore Foo Kon Tan, part of “2024 Network of the Year” winner HLB International, will maintain the fairness, transparency, and credibility of the selection process.Winners of the 2025 PropertyGuru Asia Property Awards (Singapore) may be eligible to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in December. Historic editionEstablished in 2005, the PropertyGuru Asia Property Awards series celebrates its historic 20th edition this year. The series has expanded over the decades to include markets such as the Middle East, Mainland China, Hong Kong, Macau, Japan, Australia, India, Sri Lanka, Cambodia, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, and Singapore.Winners of the 2025 PropertyGuru Asia Property Awards (Singapore) may be eligible to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in December.At the 2024 Grand Final, eight Best in Asia titles were presented to outstanding companies from Singapore: UOL Group Limited and Singapore Land Group Limited, Pan Pacific Hotels Group, GuocoLand and Hong Leong Holdings Limited, TID Pte. Ltd., and FRX Capital Private Limited.Organised by PropertyGuru Group, the 15th Annual PropertyGuru Asia Property Awards (Singapore) are supported by official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partners D+A Magazine, SquareRooms, and Tatler Asia Homes; and official supervisor HLB. For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.ABOUT PROPERTYGURU ASIA PROPERTY AWARDSPropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent. In 2025, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during PropertyGuru Week in December 2025. For more information, please visit AsiaPropertyAwards.com.ABOUT PROPERTYGURU GROUPPropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 31 million property seekers2 to connect with over 50,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 17 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets. For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.(1) Based on SimilarWeb data between January 2024 and June 2024.(2) Based on Google Analytics data between January 2024 and June 2024.(3) Based on data between April 2024 and June 2024.(4) Based on data between January 2024 and June 2024.PROPERTYGURU CONTACTS:General Enquiries:Richard Allan Aquino, Head of Brand & Marketing ServicesM: +66 92 954 4154E: allan@propertyguru.com Media & Partnerships:Nate Dacua, Senior Manager, Media and Marketing ServicesM: +66 92 701 2510E: nate@propertyguru.comSales & Nominations:Alicia Loh, Awards Manager (Singapore)M: +65 8382 0078E: alicia@propertyguru.com.sg Copyright 2025 ACN Newswire via SeaPRwire.com.
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Summit Group Holds Iftar in Singapore for About 200 Migrant Workers, Including Bangladeshis ACN Newswire

Summit Group Holds Iftar in Singapore for About 200 Migrant Workers, Including Bangladeshis

SINGAPORE, Mar 21, 2025 - (ACN Newswire via SeaPRwire.com) - To show appreciation for migrant workers in Singapore, many of whom are Bangladeshi, Summit Power International Limited (“SPIL”) has hosted a breaking of fast (Iftar) for about 200 workers during the holy month of Ramadan.Mr Muhammed Aziz Khan, PBM (centre), Founder Chairman of Summit Group, broke fast with migrant workers in Singapore, many of whom are Bangladeshi nationalsMr Muhammed Aziz Khan, PBM, the Founder Chairman of the Summit Group, broke fast with the workers at a workers’ dormitory in Space@Tuas, on 20 March 2024. Another 200 meals were provided for Muslim workers who were not able to attend the event physically.SPIL also presented gifts to 1400 workers. Appreciation cards and crafts – prepared by about 50 students – were also presented to the workers at the dormitory. The students are from the Big Heart Student Care Services at Zhangde Primary School and the German European School Singapore (“GESS”) in Singapore. The cards and crafts were presented by teachers from GESS on behalf of the students.This is the first Singapore Iftar event sponsored by SPIL, the Singapore-headquartered parent of Bangladesh’s largest private sector power generation company.Besides Iftar, SPIL is also engaged in other corporate social responsibility (“CSR”) efforts in Bangladesh, including charity donations for neuro-divergent children, participating in UNICEF initiatives to help school dropouts, as well as supporting scientific research for nutrition and online education, among others.Mr Muhammed Aziz Khan, PBM said, “Throughout the years, social responsibility remains a core principle of the Summit Group. Bangladeshi nationals comprise a significant number of the migrant workers in Singapore. This year’s Iftar that we sponsored in Singapore underscores our efforts to give back.”“I am touched that young students from the two schools have expressed their appreciation to the migrant worker community in Singapore,” he added.Mr Muhammed Aziz Khan, PBM, a Singaporean of Bangladeshi origin, was awarded the Public Service Medal (COVID-19) in October 2023 for engaging and helping Bangladeshi workers who were isolated in local dormitories during the pandemic.Ms Patricia Amorim and Ms Marieke Bink, teachers at GESS, said, “We were thrilled to have collaborated with students of Big Heart for a meaningful card-making activity, bringing together our Grade 6-8 students with younger brothers and sisters from Big Heart to create heartfelt messages for migrant workers. This event not only fostered creativity but also facilitated genuine interactions between the students as they shared stories and ideas. The cards produced are a beautiful testament to their teamwork and compassion, showcasing the power of community and the importance of supporting those who contribute so much to our society.”Shaina, a representative of Big Heart Student Care, said, “We are delighted to partner with the German European School Singapore for a meaningful initiative aimed at giving back to the community. Last Friday, students gathered to create heartfelt cards for migrant workers, expressing gratitude and appreciation for their vital contributions to Singapore’s growth and development. This significant event not only instilled a deep sense of gratitude in the students but also helped foster new friendships and lasting memories. It was a powerful reflection of the true spirit of multiculturalism and inclusivity—values that have brought us together and been instrumental in Singapore’s success over the past 60 years."About Summit Power International Limited (“SPIL”)SPIL is the largest Independent Power Producer (IPP) in Bangladesh, reflecting 17% of the country's total private installed capacity and 10% of total installed capacity. Summit owns and operates a total of 18 power plants. It also operates Bangladesh’s second Floating Storage and Regasification Unit (FSRU) and LNG import terminal with daily regasification capacity of 500 million cubic feet.SPIL’s partners include JERA, Mitsubishi Corporation and Taiyo Insurance Company of Japan and GE of the USA. In July, 2023, Denmark's Copenhagen Infrastructure Partners (CIP), Copenhagen Offshore Partners (COP) in association with Summit Group, submitted a foreign direct investment proposal valued at USD 1.3 billion to develop the country’s first 500 MW utility-scale offshore wind energy project.SPIL is the leading infrastructure conglomerate in Bangladesh with diversified interests in power generation, energy, telecommunications, ports and real estate.Learn more at: www.summitpowerinternational.com Media ContactWeR1 Consultants Pte LtdIsaac TangWhatsApp (Text): (65) 9748 0688summit@wer1.net Copyright 2025 ACN Newswire via SeaPRwire.com.
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CITIC Telecom CPC announces Strategic Partnership with SANGFOR ACN Newswire

CITIC Telecom CPC announces Strategic Partnership with SANGFOR

HONG KONG, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883) is pleased to announce the deepening of the strategic partnership with Sangfor Technologies (Sangfor), integrating Sangfor’s technologies with CITIC Telecom CPC's innovative ICT capabilities to jointly develop innovative, compliant and trusted hybrid cloud services. The new SmartCLOUD™ C-FUSION hybrid cloud series integrates the full-stack SmartCLOUD™ dedicated private cloud, virtual private cloud and public cloud services, providing enterprise customers with a cloud infrastructure which is more autonomous, controllable and compatible with various technical architectures and system combinations. The new series helps drive enterprise digital transformation, redefine IT resources management and support seamless operations of enterprises in China and global markets.From left to right: Representatives from CITIC Telecom CPC, Jacky Kwok (Chief Commercial Officer) & Kenneth Wong (Vice President of Product and Digital Intelligence Development); together with representatives from Sangfor, Ringo Yiu (General Manager for the Asia-Pacific Region (Mature Markets) & Jeremy Jia (General Manager of Sangfor International Market)The growing industry demands and national policy support in recent years have not only driven the requirements for information systems upgrades in key industries but also accelerated enterprises to pursue innovative development and diversified services portfolios. As a key DICT partner for enterprise digital transformation, CITIC Telecom CPC has extensive cloud network security services resources and experiences in project customization and implementations. Riding on a wave of innovative and trusted computing, CITIC Telecom CPC actively empowers customers in achieving digitalization advancements and trusted computing deployment by partnering with Sangfor to shape a new innovative and trusted cloud services landscape.Sangfor is a leading Hyper-Converged Infrastructure (HCI) vendor. High performance, reliability and usability characteristics have made its HCI solutions widely deployed in government, finance, medical, education and other industries. Sangfor's full-stack HCI architecture has strengthened CITIC Telecom CPC's existing profound cloud service capabilities. The new strategic collaboration between the two companies will focus on developing hybrid cloud solutions that meet the rising technological innovation and regulatory requirements, providing enterprises with more flexible and sustainable hybrid cloud solutions, and helping them enhance their competitive edges.Win-win Collaboration Creates Self-governed and Trusted Cloud EraSmartCLOUD™ C-FUSION Hybrid Cloud series supports “Single Cloud Multiple Chips” architecture. Its full-stack cloud platform is compatible with multiple CPU architectures and application requirements, builds trusted hard chips and empowers the implementation of compliant applications, ensuring diversified hybrid cloud platforms to run seamlessly through the trusted innovation ecosystem. The seamless deployment of software and hardware environments offer unified hosting and management, accelerating digitalization process and creating greater value for enterprises. The joint collaboration will initially take place in Beijing and Guangzhou markets by providing high-quality cloud computing services to local enterprises. Both companies plan to gradually extend the collaboration to more regions in the future to drive a full-scale enterprise digital transformation across regions.Mr. Kenneth Wong, Vice President of Product and Digital Intelligence Development of CITIC Telecom CPC, said, “We strive to cooperate with an ecosystem of partners, including Sangfor. This announcement signifies our deepened collaboration and dedication to providing innovative and scalable IT solutions. Sangfor’s technological innovation has powered up CITIC Telecom CPC’s ICT capabilities. We believe the new SmartCLOUD™ C-FUSION series, which includes SmartCLOUD™ C-Compute and SmartCLOUD™ C-vONE, can effectively help enterprises address complex IT infrastructure challenges through a single platform at reduced costs. CITIC Telecom CPC's ‘Global-Local capabilities’ enable seamless connectivity across different regions and cloud platforms to support ‘Going Global, Entering China’ strategy of enterprises. We will continue to provide customized solutions to bring greater value to enterprises operating in China, connecting with China and expanding worldwide.”Mr. Ringo Yiu, Sangfor's General Manager for the Asia-Pacific Region (Mature Markets), said, “CITIC Telecom CPC’s outstanding collaboration performance has lauded with a ‘Platinum Partner’ award from us recently, underscoring our strong partnership. This strategic partnership will demonstrate the synergistic capabilities of both companies, enhancing not only the supply capabilities of our products and services, but also propelling our global market growth. Through the fusion of CITIC Telecom CPC's extensive global infrastructure coverage with Sangfor 's cutting-edge technologies in security and cloud computing, it will enable us to provide bolster support for enterprise digital transformation journeys across different regions and industries, fortifying market competitive advantages.”SmartCLOUD™ C-FUSION Empowers Compliant and Sustainable Business DevelopmentSmartCLOUD™ C-FUSION hybrid cloud series features “Single Cloud Multiple Cores” architecture, which supports X86, Huawei Kunpeng and HYGON C86 chip architectures to run seamlessly and connect simultaneously with applications, reducing the costs of migration and replacements in the future. Managed by CITIC Telecom CPC, this hybrid cloud series provides enterprises entering China with approved technical architectures, software and hardware environments that comply with innovation requirements and national regulatory policies. It is suitable for enterprises that have compliance requirements for autonomous and controllable technologies, ensuring not only the sustainable development of businesses, but also catering for “Going Global, Entering China” strategy and future IT development of different enterprises.Enabling “Going Global, Entering China” Strategy of Enterprises and Exploring Global Market Opportunities The strategic partnership between CITIC Telecom CPC and SANGFOR provides enterprises with robust hybrid cloud solutions, helping them achieve their two-way “Going Global, Entering China” strategy. SmartCLOUD™ C-FUSION hybrid cloud series, including SmartCLOUD™ C-Compute virtual private cloud and SmartCLOUD™ C-vONE dedicated private cloud solutions, enables enterprises to seamlessly deploy and manage IT cloud resources at a lower cost in China and global markets, while ensuring high reliability, security and compliance to meet regulatory requirements in different regions. For enterprises going overseas, they can leverage CITIC Telecom CPC's global network coverage to achieve resources integration and flexible expansion across various regions. This collaboration not only reduces IT complexity and costs but also provides a solid technical foundation for global expansion, empowering enterprises to implement "Cross Border, Region and Platform" development, and positioning them to excel in highly competitive international markets.About CITIC Telecom CPCWe are CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT™ private network solutions, TrustCSI™ information security solutions, DataHOUSE™ cloud data center solutions, and SmartCLOUD™ cloud computing solutions.With the motto “Innovation Never Stops,” we leverage innovative technologies to boost technology empowerment (+AI). Embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies we aim to unlock technical potential. By integrating deep learning and intelligent data analysis technologies, we transform these technologies into data empowerment (AI+) generative applications, reshaping the Intelligence Operation Journey of enterprises.With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across more than 160 countries and regions, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect nearly 170 points of presence (POPs), 60+ SDWAN gateways, 20 Cloud service centers, 30+ data centers, and three dedicated 24x7 Security Operations Centers (SOCs). We are certified with a series of international certifications, including SD-WAN Ready, ISO 9001, 14001, 20000, 27001, and 27017, to ensure our services compliance with international standards and resources for enterprises. We offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers. For more information, please visit www.citictel-cpc.com.About SangforMake Your Digital Transformation Simpler and Secure. This is Sangfor Technologies' commitment to our customers. Since forming in 2000, Sangfor has been a global leader of IT infrastructure, cyber security and cloud computing solutions.Three business groups deliver industry leading products and services for Hyper-Converged Infrastructure (HCI), Virtual Desktop Infrastructure (VDI). Next-generation Firewall (NGFW), Endpoint Protection (EPP). Secure Web Gateway (SWG), Network Detection & Response (NDR), Secure Access Service Edge (SASE), Anti-Ransomware, extended Detection & Response (XDR) and Managed Detection & Response (MDR). Constant innovation and dedication to creating value for our customers form the heart of our corporate strategy.Sangfor's 8,000+ employees take customers' business needs and user experience seriously by servicing and supporting them at over 70 branches and representative offices covering exciting locations like Hong Kong, Malaysia. Thailand. Indonesia, Singapore. Philippines. Vietnam. Pakistan. Italy. Mexico. Turkey, UAE and Saudi Arabia, among many others.Media Contacts:Catherine YuenCITIC Telecom CPC(852) 2170 7536Email: catherine.yuen@citictel-cpc.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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Anson Resources | A1 Lithium & KOCH Successfully Deliver Direct Lithium Extraction Industry Leading-Results ACN Newswire

Anson Resources | A1 Lithium & KOCH Successfully Deliver Direct Lithium Extraction Industry Leading-Results

Key Findings:KOCH DLE Process achieves an average lithium recovery rate of 98%Key brine contaminants average rejection greater than 99%, resulting in low purification production costsIndustry leading Lithium Chloride concentration attainedLi:TDS ratio of up to 0.129, averaging 0.126, significantly above the target Li:TDS of 0.08, expected to lower the cost with less evaporation during the EV battery grade purification process43,500 gallons (165,000 litres) of high purity lithium chloride was produced that meet or exceeded the specifications required by downstream processorsNEWPORT BEACH, CA, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - Anson Resources Limited (ASX:ASN) ("Anson" or the "Company"), through its 100% owned subsidiary in the USA, A1 Lithium Inc (A1 Lithium) is pleased to announce that successful completion of the pilot program with KOCH Technology Solutions ("KTS"). The program successfully delivered all technical requirements, producing high concentration and high purity lithium chloride eluate at the onsite Direct Lithium Extraction ("DLE") unit from freshly extracted lithium rich brine at its Green River Lithium Project, in south-eastern Utah, USA.The KTS DLE Process achieved an average lithium recovery rate of 98% and the rejection rates of contaminants exceeded 99%. In addition the Li:TDS averaged 0.125 significantly exceeding the industry standard Li:TDS ratio required for downstream processing of 0.08 by 57%. This will result in lower processing costs of the lithium carbonate that the company plans to produce.Based upon these results KTS will provide to Anson/A1 Lithium "process guarantees" for a commercial scale plant of 10,000 tons per annum of lithium carbonate.The KTS DLE plant successfully produced 43,500 gallons (165,000 litres) of high-quality eluate at the Green River, Utah, USA site, which is stored and now available for downstream processing.Superior Containment Rejection and RecoveryThe KTS DLE process test work achieved an average lithium recovery rate of 98% and a high rejection rate of the key impurities meeting or exceeding all targets. Where the DLE step rejects a higher percentage of impurities, the resulting lithium chloride solution, which is to become lithium carbonate electric vehicle (EV) grade of 99.95% purity, can be converted more efficiently. The level of rejection in the preliminary results, of the key impurities from the KTS DLE process during an optimized configuration and operation parameter were:Executive CommentaryAnson's Executive Chairman & CEO, Mr. Bruce Richardson commented, "These results from the KTS DLE pilot program are exceptional. The industry leading Li:TDS ratio will make a significant contribution to the financial success of the Green River Lithium Project as will the very high rates of impurity rejection. The cooperation has been truly successful. Congratulations to both the KTS and A1 Lithium teams that worked so hard on this project. Anson looks forward to further collaboration with KTS as partners in the development of the Green River Lithium Project." Mr Richardson continued, "Testing of DLE process is essential to reduce commercial production risks and assists in financing a project. Anson has conducted several DLE test work programs, at different times of the year and the KTS results are a standout, not only technically but also from a cost perspective. Anson will continue to focus on these two aspects during the development of the Green River Lithium Project to maximize investor and shareholder returns."Lithium Business Leader at Koch Technology Solutions, Garrett Krall said, "We are proud to achieve this level of brine production at an industry-leading TDS, demonstrating the capability of Li-Pro™ technology and its continued successful commercialization with Anson. This milestone marks a great step forward for the commercial success of DLE, and we are excited to continue supporting this Project in Utah."Pathway to CommercializationKTS has indicated to Anson that there is enough data from the test work to provide a "Technical Annex" that will include process guarantees for a 10,000 tpa production plant using its Li-Pro™ LSS technology. This is expected to be completed in a few months. A process guarantee is a key requirement in securing debt funding for the Project.Exceptional Lithium Purity & Process EfficiencyThe process achieved an average lithium recovery of 98% over the seven months of operation and generated approximately 43,500 gallons (165,000 liters) of lithium chloride at or above the specifications required by downstream processors. The eluate can now be refined and concentrated using tested and proven steps to battery grade product. The production and retention of eluate provides sufficient lithium chloride for downstream test work and final product trials.DLE systems that produce a lithium chloride solution with a lithium-to-total dissolved solids ratio (Li:TDS) greater than 0.08 are considered as suitable for downstream processing. The lithium chloride eluate produced with the KTS DLE plant achieved a Li:TDS of up to 0.129. The average Li:TDS of 0.126 achieved over the program, is a 57% improvement relative to the target Li:TDS ratio of 0.08.A high Li:TDS ratio has positive implications for the costs of the lithium purification process step. A higher ratio equates to a lower amount of water to be removed (evaporated) prior to lithium carbonate precipitation. Less evaporation requires less energy to reduce the volume of eluate and increase the concentration of lithium prior to carbonation.The brine samples were assayed on site at Green River with the Company's ICP machine due to allow for continuous sampling and quick turnaround of assay results required to continually fine tune the DLE process. These assay results were then confirmed by independent third-party off-site laboratories.During the seven-month continuous operating period (August 2024 to February 2025) onsite, the KTS DLE plant successfully produced 43,500 gallons (165,000 litres) of high-quality eluate at Green River.The seven months of DLE test work allowed Anson and KTS to fine-tune the process control steps, identifying the optimal balance for lithium recovery, impurity removal, water usage, and lithium concentration under various climate conditions, including temperatures below freezing. This critical data will support the operation of the production plant, ensuring its efficiency throughout the year in diverse environmental conditions.Downstream of the DLE process, the LiCl solution which can be efficiently purified via standard ion exchange (IX) resins will be processed by various technologies to further remove the low concentrations of the unwanted impurities (e.g. calcium, potassium, magnesium, and boron). The pilot plant has shown a proven ability to produce LiCl solutions suitable as feedstock for this purification process.This announcement has been authorized for release by the Executive Chairman and CEO and reviewed & contributed to by KOCH Technology Solutions (KTS).About Anson Resources LtdAnson Resources (ASX:ASN) is an ASX-listed mineral resources company with a portfolio of minerals projects in key demand-driven commodities. Its core assets are the Green River and Paradox Lithium Project in Utah, in the USA. Anson is focused on developing these assets into a significant lithium producing operations. The Company's goal is to create long-term shareholder value through the discovery, acquisition and development of natural resources to meet the demand of tomorrow's new energy and technology markets.For further information please contact:Bruce RichardsonExecutive Chairman and CEOE: Info@AnsonResources.comWill MazeHead of Investor RelationsE: Investors@AnsonResources.comPh: +1 949-508-7834www.AnsonResources.comFollow us on Twitter @Anson_irSubscribe to Anson Resources News: Click HereSOURCE: Anson Resources Copyright 2025 ACN Newswire via SeaPRwire.com.
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