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WEGE Secures Project to Construct Coordinating Ministry for Maritime and Investment Affairs Office Complex at IKN

JAKARTA, Feb 2, 2023 - (ACN Newswire via SEAPRWire.com) - PT Wijaya Karya Bangunan Gedung Tbk (WEGE) has secured another project at the new capital city (Ibu Kota Negara, IKN) in East Kalimantan to construct the office complex for the Coordinating Ministry for Maritime and Investment Affairs (Kementerian Koordinator Kemaritiman dan Investasi, Kemenkomarves). The project was valued at Rp745 billion. WEGE has previously secured a project to construct modular buildings to house construction workers at IKN, and its progress has reached 94%.A highlight of the eight storey Kemenkomarves office is it features integrated Smart and Green Building concept.Another highlight is that the construction of the Kemenkomarves Office will implement Building Information Modelling (BIM) technology. The Kemenkomarves Office is located at Sepaku, Penajam Paser Utara and will not be far from the IKN Presidential Office.WEGE's scope of work in this project is design-build construction with a completion period of 660 working days. The Kemenkomarves office complex will cover an area of 24,274 square metres.WEGE Carries Out Groundbreaking of BMKG State College that Applies Smart and Green Building ConceptWEGE held a groundbreaking ceremony of the Lecture and Laboratory Building (Centre of Excellence) for the departments of Meteorology, Climatology, Geophysics, and Instrumentation (MKGI) of the State College of Meteorology Climatology and Geophysics (STMKG) in Tangerang.The groundbreaking ceremony was held on Monday (24/01) and attended by the Head of Meteorological, Climatological, and Geophysical Agency (BMKG), Dwikorita Karnawati; Head of STMKG, I Nyoman Sukanta; representative of the Tangerang City Government; President Director of WEGE, Hadian Pramudita; Director of QHSE and Marketing, Yulianto; and Director of Operations I, Bagus Tri Setyana."We hope that through Smart and Green Building concept, BMKG is contributing to reducing and controlling CO2 emissions," said the Head of BMKG, Dwikorita Karnawati in her speech.WEGE was trusted by BMKG to construct the MKGI Lecture and Laboratory Building (Centre of Excellence) located at Jalan Meteorologi No. 5, Tanah Tinggi, Tangerang, Banten.This modern campus with the Smart and Green Building concept is scheduled for completion in 350 calendar days or at the end of 2023. Construction of this BMKG state college implemented level 5D of BIM technology to support the acceleration, construction accuracy, and safety and security factors.WEGE's scope of work in this project includes planning, preparation, structural work, architectural work, mechanical, electrical & plumbing (MEP) work, and landscaping.This STMKG facility will be 39 metres high, consisting of eight floors and one basement level with a total building area of 31,540 square metres.In addition to constructing a lecture building, there will be an MKGI Laboratory (Centre of Excellence) which targets the Excellent category in Green Building Certification.This is one of BMKG's mega projects in training experts to support BMKG's duty in providing information on meteorology, climatology, geophysics, and air quality to the Indonesian people.PT Wijaya Karya Bangunan Gedung Tbk [IDX: WEGE]Contact: Purba Yudha TamaCorporate Secretary PT Wijaya Karya Bangunan Gedung Tbk. Mobile: 0813 1792 5577Phone: +6221 85908862 / 85909003Email: corsec@wikagedung.co.id Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)

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DOKODEMO expands Asia Pacific presence with new Singapore office

Singapore, Dec 21, 2022 - (ACN Newswire via SEAPRWire.com) - DOKODEMO is expanding its international marketing and business with a new office in Singapore. Singapore is one of the top-ranked financial hubs globally, with huge potential to maintain the company position.The branch office- which is located at Suntec Tower in Singapre town centre - brings its professional face-to-face assistance and providing an user-centric office fit for the leading global organisation. The company will be more stable with its presence in Asia Pacific and continuing on its international expansion journey.DOKODEMO has strong Ecommerce and marketing experience and their customer service team knows what it takes to deliver a straightforward service. With DOKODEMO DATA MARKETING PTE. LTD. , based in Singapore, the company is able to provide more opportunities and support for users to discuss about their concerns in person. This is a personal approach that builds trust with the partners and users.According to DOKODEMO Singapore Country Manager Albert Martin, “We always believes that the philosophy of staying close to the clients will allow us to serve the clients faster and more effectively. It’s our highly personalised approach that makes us most proud and is why we are expanding. Teamwork and customer service are both important. Everyone should have the chance to build a creditworthy future.” he said.This extensive branch network also means that many of DOKODEMO’ users especially from Asia can meet and exchange their ideas and information easily. The new office could also allow the company to maintain a good reputation and cooperate with the leading merchants in Singapore for the business growth. This is one of the essential step for DOKODEMO to go public by making the company and services known to a wider potential swath of customer base.Media ContactAlbert Martin, DOKODEMO DATA MARKETING PTE. LTD.Email: support@dokodemo.globalWebsite: https://www.bandaomall.comCity: SingaporeAddress: Suntec Tower Three, 8 Temasek Blvd, 038988(SG)SOURCE：DOKODEMO DATA MARKETING PTE. LTD. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Fujitsu donates office furniture to Cambodian public institutions to promote sustainable practices

TOKYO, Dec 15, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu today announced that it donated office furniture that is no longer being used including desks, chairs and cabinets to Cambodian public institutions through the Cambodian Embassy in Japan.Loading of donationsFujitsu has been promoting new working styles in its offices under its "Work Life Shift" initiative and introduced the concept of a "Borderless Office," under which employees can choose to work from locations including their home, hub offices, or satellite offices. In the spirit of this initiative and to support the United Nations' Sustainable Development Goals (SDGs), Fujitsu decided to donate office furniture from its offices in Japan after the introduction of the Borderless Office to Cambodian public institutions to contribute to the improvement of the country's work environment and promote sustainable practices. Furniture will be evaluated by office furniture manufacturers before the donation to ensure that the donated pieces are still in good condition and can still be used. With this initiative, Fujitsu not only promotes the efficient reuse of resources, but also contributes to the reduction of waste in its business.Overview of the donationRecipient: National and public institutions of Cambodia Items donated: 155 furniture pieces including office desks, chairs, cabinets Total amount donated: Approximately 3.7 tons (volume approximately 65 m3)Kem Borivath, Second Secretary, Embassy of Cambodia in Japan, comments:"The donated office furniture will help local government offices to save costs for public services and the modernization of local organizations. It also contributes to the development of public services throughout the whole country. Donations will be given preferably to departments requiring office furniture, including the environmental departments of state government offices. I would like to express my heartfelt gratitude to Fujitsu for the donation of office furniture to our country. I hope that Fujitsu will continue with this project and help to drive the development of our country."Fujitsu's Commitment to the Sustainable Development Goals (SDGs)The Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 represent a set of common goals to be achieved worldwide by 2030. Fujitsu's purpose -- "to make the world more sustainable by building trust in society through innovation" -- is a promise to contribute to the vision of a better future empowered by the SDGs.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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InvesTech Holdings and NTT Jointly Launch Smart Office SaaS Service Platform

HONG KONG, Dec 12, 2022 - (ACN Newswire via SEAPRWire.com) - InvesTech Holdings Limited ("InvesTech Holdings"; together with its subsidiaries, "the Group"; Stock Code: 1087.HK), a leading integrated smart-IT solutions provider in China, is pleased to announce that its subsidiary Wafer Systems Limited ("Wafer Systems"), which owns the smart office software solutions flagship product Virsical, has signed a strategic cooperation agreement with NTT Communications China ("NTT Com China"), a subsidiary of Japan's Nippon Telegraph & Telephone ("NTT"), to carry out in-depth cooperation in the field of smart-office software as a service ("SaaS"). The cooperation agreement will encompass activities including product distribution, market promotion, technical resourcing and other mutually beneficial undertakings.The Smart Office Management SaaS Service Platform is a smart operations and management platform self-developed by Wafer Systems, grounded in enterprises' common office scenarios and which uses lightweight SaaS applications to meet enterprises' operational and maintenance requirements in daily administrative management, including such functions as conference management, work station management and visitor management. Spatial visualisation maps and data report in all dimensions provided by the platform can help enterprises review their operating conditions visually, effectively support their decision-making upgrades, and assist them in reducing costs and boosting efficiency. Meanwhile, Wafer Systems' powerful product matrix and research & development ("R&D") capabilities can provide expansion capacity for products and scenarios benefiting from the deployment of the SaaS platform.As a leading provider of smart office solutions in China, Wafer Systems has been deepening its achievements in the field of smart offices to meet enterprises' needs in intelligent operations, employee health, collaborative efficiency, carbon emissions reduction, energy conservation and the user experience. The provision of integrated product matrix, its strong R&D capabilities, large customer base and extensive ecological cooperation network contribute to its core competitiveness.NTT Com China is a wholly-owned business subsidiary of NTT, the largest telecommunications service provider in Japan. Focused on providing professional ICT solutions and services for multinational enterprises running businesses in China, NTT Com China has built a complete business line of communication systems, a leading-edge operations service system, substantial overseas resources, business integration capabilities, and comprehensive marketing channels within China and elsewhere. The co-launch of the Smart Office Management SaaS Service Platform by both parties is expected to give full play to their respective advantages and jointly build out the platform so that it caters for the full range of scenarios and products that make smart offices optimally operational in order to escort enterprises' digital transformation.Amid the continuous development of the digital economy and constant changes in the economic environment, digital transformation has become the only development path for traditional industries, and the use of digital enabling technology by enterprises to reduce costs and increase efficiency has become ubiquitous. Against this backdrop, Wafer Systems and NTT Com China have jointly reached a cooperation agreement to smooth the digital transformation journey for traditional enterprises and address their need to engage with cloud computing. Looking ahead, the two parties will continue to deepen their cooperation. As it comprehensively improves the customer experience and service innovation, the two parties strive to solve problems for enterprises in the cloud, and achieve joint contribution, collaboration and win-win outcomes.About InvesTech Holdings LimitedInvesTech Holdings Limited (Stock Code: 1087.HK) was listed on the main board of Hong Kong Stock Exchange in 2010. As a leading integrated smart IT solutions provider with more than 30 years of experience in IT industry, the Group is principally engaged in IT infrastructure system integration and smart office software solutions businesses. The Group has strong presence in China, with more than 10 offices nationwide with a research and development centre in Xi'an. Website: http://www.investech-holdings.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Kingsoft Announces 2022 Third Quarter Results

HONG KONG, Nov 15, 2022 - (ACN Newswire via SEAPRWire.com) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 30 September 2022 ("period under review").During the period under review, the revenue of Kingsoft increased 22% year-on-year and kept flat quarter-on-quarter to RMB1,837.1 million. Revenue from the office software and services, and the online games and others represented 55% and 45%, respectively, of total revenue. Gross profit increased 18% year-on-year to RMB1,466.2 million. Operating profit before share-based compensation costs increased 10% year-on-year to RMB395.3 million.Mr. Jun LEI, Chairman of Kingsoft, commented, "The Group adheres to technological empowerment, with a focus on developing core products and technologies. During the quarter, our core businesses demonstrated strong resilience. Leveraging its accumulated experience and strengths in products and technologies development, Kingsoft Office Group continued to pursue the strategy of 'multi-screen, cloud, content, artificial intelligence ("AI") and collaboration' and improve its products and services solutions, aiming to increase user stickiness for cloud and collaboration office scenarios. Regarding our online games business, we have adhered to the strategy of premium games and focused on the long-term development of core games."Mr. Tao ZOU, Chief Executive Officer of Kingsoft, added, "During the third quarter, our total revenue reached RMB1,837.1 million, up 22% year-on-year. Driven by the continued growth of individual and institutional subscription businesses, revenue from office software and services business reached RMB1,004.7 million, up 25% year-on-year.BUSINESS REVIEW Office Software and ServicesFor the third quarter of 2022, revenue from the office software and services business increased 25% year-on-year and 9% quarter-on-quarter to RMB1,004.7 million. The year-on-year increase was mainly due to the continued growth of Kingsoft Office Group's individual and institutional subscription businesses. In the third quarter, with a growing individual user base, Kingsoft Office Group strived to increase user engagement and stickiness and the proportion of long-term paying users by enhancing cloud services, enriching product portfolio and improving user experience. Kingsoft Office Group has dedicated itself to improving application performance for the government and enterprise subscription business by working on user efficiency, data management, information security and industry application scenarios in order to cater to the need of users which has led to a growing penetration of the enterprise-level product, Kingsoft Digital Office Platform. As for the institutional licensing business, our products continued to gain acceptance by increasing demand for domestic office software from government and enterprises, partially offset the high base for the same period last year and slower localization progress this year. Recently, we launched the official document version of WPS for the government users. Developed upon the professional version of WPS, it offers industry-leading functions such as official document work mode, a variety of official document templates, and document conversion to optimize document work efficiency of government users.Online Games and OthersRevenue from the online games and others business for the third quarter of 2022 increased 18% year-on-year to RMB832.4 million. The year-on-year increase was mainly due to the successful launch of several mobile games in the fourth quarter of 2021.During the review period, we continued to refine the core IP, enrich the content and enhance product quality through technological innovation aiming to bring players a better gaming experience. We celebrated the 13th anniversary of the flagship JX Online III PC game in August and launched Heng Dao Duan Lang, the anniversary expansion pack and a new section Dao Zong for the JX Online III PC game in October. The third season of JX Online III: Chivalrous Shen Jianxin, an animation series based on the JX Online III was released on Bilibili in July and was welcomed by gamers. The rating of the animation series on Bilibili reached a record high and the influence of JX IP has been further enhanced. In August, we launched the open beta across all platforms and a new expansion pack for JX World III in China. The launch has further enhanced user engagement and reached a broader player base laying a solid foundation for our long-term development."Mr. Jun LEI concluded, "Looking ahead, we will maintain our investment in R&D, further enhance the user experience for our 'cloud and collaboration' office services and expand new game genres. We will continue to focus on technology innovation and product upgrades and enhance competitiveness and efficiency, aiming for the long-term sustainable development of the Group."About Kingsoft Corporation LimitedKingsoft is a leading software and Internet services company based in China listed on the stock exchange of Hong Kong. It has three main subsidiaries including Kingsoft Office, Seasun and Kingsoft Shiyou. Following the implementation of its "mobile internet transformation" strategy, Kingsoft has completed the comprehensive transformation of its overall business and management models, and formed a strategic platform with office software and interactive entertainment as the pillars and cloud services and AI as the new directions. The Company has more than 7,000 staff around the world and enjoys a large market share in China. For more information, please visit http://www.kingsoft.com.Kingsoft Investor Relations:Francie Lu Tel: (86) 10 6292 7777 Email: ir@kingsoft.comFor further queries, please contact Hill+Knowlton Strategies Asia:Ovina Zhu Tel: (852) 2894 6315 Email: kingsoft@hkstrategies.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Gradiant, Global Water Solutions Provider, Expands Australia Presence and Capabilities

New Offices in Adelaide and Perth, and ISO Certification Australia-WideSYDNEY, AU, Oct 4, 2022 - (ACN Newswire via SEAPRWire.com) - Gradiant, a leading global water solutions provider, announced new milestones in Australia to execute its strategy to deploy its award-winning sustainable solutions in advanced water and wastewater into the Australia and New Zealand region. Two new offices have been established in Adelaide and Perth to complement Gradiant's regional headquarters in Sydney. International Organization for Standardization (ISO) certification has been issued for all three office locations.Gradiant's Adelaide, South Australia office is focused on delivery of the SmartOpsTM digital platform of asset performance optimization solutions for industrial end-users. The team works in collaboration with the global technology labs in Singapore and Boston, United States, to ensure customers' needs are best met in the local market. The Perth, Western Australia office serves the mining sector and Water Corporation, the principal supplier of water and wastewater throughout the state."Our expanding presence in Australia will help accelerate the adoption of Gradiant's solutions to lower the total water cost of our industrial and municipal clients and bring sustainability into their operations and supply chains," said Govind Alagappan, President of Global Operations for Gradiant. "Australia is a highly developed economy with critical need for our solutions in mining and advanced manufacturing. The country is vast in size, where the opening of our new offices in South Australia and Western Australia will best serve our local customers."ISO certifications were achieved for all Australia office locations. The certifications demonstrate Gradiant's commitment to quality, environment, and health & safety, and allow Gradiant to participate in large projects for its industrial and municipal client base. The certifications include:ISO 9001-2016: Quality Management SystemsISO 14001-2016: Environmental Management SystemsISO 45001-2018: Occupational Health and Safety Management Systems"The ISO certifications demonstrate to our growing base of customers in the region that Gradiant is a trusted and certified provider of water solutions in the local market," Govind Alagappan said. "We strive for excellence in the work that we deliver. These certifications allow us to bring the best outcomes to our projects by ensuring quality, environmental, and health & safety standards are met for our customers and stakeholders."Gradiant entered the Australia market in 2020 with the acquisition of CRS Water, an Australian business with 25 years of experience in the design, construction, and operations & maintenance of facilities in the local market. Since then, Gradiant has grown the team by 200%, where today, 45 expert engineers and staff are in-country to serve our local clients. Revenue has increased by three times during this same period. Gradiant's main Australia office is in Sydney, New South Wales.Gradiant, a 2022 "Water Technology Company of the Year" by Global Water Intelligence and 2022 "Great Place to Work," is growing its teams throughout Australia. Open positions may be found on Gradiant's Careers page.About GradiantGradiant is a global solutions provider for advanced water and wastewater treatment. With a full suite of differentiated and proprietary end-to-end solutions, powered by the top minds in water, Gradiant serves its clients' mission-critical operations in the world's essential industries. Gradiant was founded at the Massachusetts Institute of Technology (MIT) and is uniquely positioned to address the world's increasing challenges created by industrialization, population growth, and water stress. Today, with over 450 employees, Gradiant operates from its global headquarters in Boston, regional headquarters and global technology labs in Singapore, and offices across twelve countries. For more information, please visit www.gradiant.com.Corporate Contact:Felix WangGradiant, VP of Marketingfwang@gradiant.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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InvesTech Holdings Announces 2022 Interim Results

HONG KONG, Aug 31, 2022 - (ACN Newswire via SEAPRWire.com) - InvesTech Holdings Limited ("InvesTech Holdings", together with its subsidiaries, the "Group"; stock code: 1087.HK), a leading integrated smart IT solutions provider in China, announces its unaudited consolidated results for the six months ended 30 June 2022 (the "Period"). During the Period, the Group formed strategic alliance with technology giants to jointly offer enterprise digital transformation solutions. These initiatives set to drive sustainable business growth and enhance the Group' core competence. During the Period, intensifying economic uncertainty dampened the business environment in the IT industry in general, meanwhile the delays in project schedules affected by the lockdown of cities in China attributed to a reduction of the Group's revenue to approximately RMB197.1 million (1H 2021: approximately RMB230.4 million). Despite this, thanks to the Group's effective cost control measures and an increase in the proportion of sales of smart office software solutions and related services with relatively higher gross profit margins, the gross profit increased by approximately 32.4% year-on-year to approximately RMB27.0 million (1H 2021: approximately RMB20.4 million). The gross profit margin for the Period was approximately 13.7%, representing a year-on-year leap of approximately 4.9 percentage points (1H 2021: approximately 8.8%). Mainly attributable to the increase in income tax expenses, a loss for the period of approximately RMB14.1 million was recorded (1H 2021: loss for the period of approximately RMB12.2 million).Business ReviewIT Infrastructure System Integration BusinessLeveraging its solid foundations in the industry and strong customer relationships, the Group continued to expedite the development of its traditional IT infrastructure system integration business during the Period. By deepening its business collaboration with technology giants, the Group continued to leverage its core competitiveness and provided advanced and customised IT infrastructure solutions to clients in segments including finance, manufacturing and retail.Smart Office Software Solutions BusinessWhile the Group's self-developed applications (apps) - namely MetaVisitor, MetaWorkspace and MetaMeeting - were launched on several platforms during the Period, the Group also redoubled its efforts to upgrade Virsical, its flagship smart office software solutions product. The Group strived to expand the customer base for its professional smart office solutions and property technology solutions, which provide professional tools such as intelligent building control systems and smart visitor management systems to clients in diversified sectors.Stepping up Efforts to Expand its Business in Hong KongAfter the Group winning a government contract for the provision of a smart library system for the Hong Kong government's Leisure and Cultural Services Department last year, it began to carry out preliminary work including the design of core library systems. The work performed during the first half of 2022 translated into the recognition of approximately RMB12.4 million of revenue during the Period. The Group expects that the project will provide a large and stable income stream as it is completed. In addition, the Group also strived to secure more contracts related to government and public sectors in Hong Kong during the Period, with a focus on smart city and smart IT-related projects, aspiring to enhance its revenue. OutlookLooking ahead, the Group will maintain the stable development of its IT infrastructure system integration business, with a focus on facilitating the development of its smart office software business, which will serve as its revenue growth engine. To acquire new clients and offer cutting-edge solutions, the Group will continue to form strategic alliances with technology giants. In addition to expanding its customer base in the PRC, the Group will also continue its strategic tendering for both public and private projects in Hong Kong, striving to increase its market share. With the aim of expanding its business in overseas markets, the Group intends to explore its business opportunities in Southeast Asia and countries along the route of Belt and Road Initiative to accelerate its business development and capture market opportunities.In recent years, technology giants have made immense investments to expedite the development of enterprise metaverse, leading to breakthroughs in this new technology. Enterprise metaverse solutions have become one of the latest trends in the IT industry, considering that many employees have switched to working from home due to recurrent COVID-19 outbreaks. Leveraging InvesTech's advanced digital-twin technology and solid experience in hybrid smart office solutions, the Group aims to modify and enhance its software products through built-in compatibility with the latest technology. The Group will also join hands with technology giants to offer highly realistic, virtual smart office solutions to customers, with the ultimate goal of facilitating the development of enterprise metaverse.Mr. Ringo CHAN, Chairman of InvesTech Holdings, said: "Taking the rising global demand of IT infrastructure system integration and smart office software solutions into consideration, we are optimistic about our prospects. To capture market opportunities and enhance our leading position in integrated smart IT solutions industry, it is essential to strengthen our core competence to maintain a sustainable development. Therefore, we have continuously been increasing our investment and expand the professional team at our research and development ("R&D") centre in the PRC city of Xi'an in order to optimise our R&D capabilities. Looking ahead, we will explore every opportunity to inject new impetus to our business development and maximize our income, in hopes of bringing greater returns to shareholders and investors."About InvesTech Holdings LimitedInvesTech Holdings Limited (Stock code: 1087.HK) was listed on the main board of Hong Kong Stock Exchange in 2010. As a leading integrated smart IT solutions provider with more than 30 years of experience in IT industry, the Group is principally engaged in IT infrastructure system integration and smart office software solutions businesses. The Group has strong presence in China, with more than 10 offices nationwide with a research and development centre in Xi'an. Website: http://www.investech-holdings.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Kingsoft Announces 2022 Interim and Second Quarter Results

HONG KONG, Aug 23, 2022 - (ACN Newswire via SEAPRWire.com) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited 2022 interim results and its second quarter results for the period ended 30 June 2022.For the first half of 2022, the revenue of Kingsoft increased 21% year-on-year to RMB3,687.2 million. Revenue from office software and services business increased 15% year-on-year to RMB1,795.7 million. Revenue from online games and others increased 28% year-on-year to RMB 1,891.5 million. Revenue from office software and services and online games and others represented 49% and 51%, respectively, of total revenue for the first half of 2022. Gross profit for the first half of 2022 increased 18% year-on-year to RMB2,970.0 million, while operating profit amounted to RMB918.2 million.For the second quarter of 2022, the Company's revenue increased 24% year-on-year to RMB1,834.2 million. Revenue from office software and services business increased 18% year-on-year to RMB924.6 million. Revenue from online games and others business increased 31% year-on-year to RMB909.6 million. Revenue from office software and services and online games and others represented 50% and 50%, respectively, of total revenue for the second quarter of 2022. Gross profit for the second quarter of 2022 increased 22% year-on-year to RMB1,467.7 million, while operating profit increased 82% year-on-year to RMB418.7 million.Mr. Jun LEI, Chairman of the Company, commented, "Despite the challenges posed by the recurrence of the pandemic, we remained focused on our strategy and achieved satisfactory results in our core businesses. Kingsoft Office Group is committed to empowering the digital transformation of institutional users while enhancing the cloud office user experience for individual users. We focus on technological empowerment, product innovation, service enhancement as well as marketing channel and eco-system expansion. Meanwhile, we continue to pursue the product strategy of 'multi-screen, cloud, content, artificial intelligence ("AI") and collaboration' and have achieved good operational performance. Regarding our online games business, we adhere to a strategy on premium games and focus on technology innovation, as well as constant cultural facets enrichment, which promote further game development."Mr. Tao ZOU, Chief Executive Officer of the Company, added, "For the second quarter of 2022, the Company's revenue increased 24% year-on-year to RMB1,834.2 million. Driven by the growth of subscription revenue from individual and institutional subscription businesses, our office software and services business increased by 18% year-on-year during the second quarter of 2022. Our online games and other business increased by 31% year-on-year during the second quarter of 2022, primarily driven by the contribution of mobile games launched in the fourth quarter of 2021 such as JX World III and JX I: Gui Lai."BUSINESS REVIEWOffice Software and ServicesDuring the quarter, the revenue of office software and services increased 18% year-on-year to RMB924.6million. Individual subscription business sustained growth momentum. Based on the continuous enhancement of cloud office experience, Kingsoft Office Group developed and introduced various new functions dedicated to specific scenarios to drive the active use of cloud services and continuous increase in subscription payment. We remained focused on attracting more long-term paying users and the number of premium subscribers continued increasing.In response to the government departments demand for digital management, end-to-cloud integration and mobile office, our products are highly compatible with government office systems, which assist the government in achieving informatization gradually and realizing centralized document management, effective and efficient file application, collaboration features, security control etc. In response to soaring demand for digital transformation among enterprises, our core products focus on solving pain points such as uploading documents to the cloud and ensuring file transfer security through continued optimization and the assistance of quality customer services.Kingsoft Office Group has closely monitored the localization industry trend. As the localization gradually penetrates into local government, we take the initiative to tap those markets. Driven by favorable policies and industry demand, our penetration in the industry localization continues to increase. In addition, demand for integrated end-to-cloud products from customers in the localization industry, such as finance, energy and telecommunications, also continues to grow. We have further optimized the re-flowable and fixed-layout document format standards of our localization products to provide an efficient and integrated user experience, which would further strengthen the competitiveness of our products.Kingsoft Office Group continued to strategically play down its advertising business by reducing the number of advertising spaces and the frequency of push notifications. Since we strived to improve the quality of clicks and reduce user interference, our advertising business was undergoing a steady and gradual decline.Online Games and OthersDuring the quarter, the revenue of online games and other business increased by 31% year-on-year to RMB909.6 million. Our flagship JX Online III PC game remained stable. Upon the launch of the non-deleting test in China at the end of last year, JX World III maintained an outstanding reputation and a high popularity among gamers. In addition, the game launched in Hong Kong, Macau and Taiwan during the quarter and achieved an excellent performance.Looking ahead to the third quarter, we launched the open beta across all platform and a new section for JX World III and will celebrate the 13th anniversary of JX Online III PC game. Through continuous content upgrade and technology innovation, we strive to sustain the vitality of our core I P. Meanwhile, we also uphold our corporate responsibility and continue to explore the social value of our games. Biphase, our initial self-developed charity game which focuses on bipolar disorder, has received multiple awards and acclamation from international gaming authorities upon its debut overseas last year. In addition, the game has also received the license approval in July this year and is scheduled for launch in China.Mr. Jun LEI concluded: "In the second quarter, we embraced the change of the complex environment and achieved further development by continuously enhancing our products and services. Looking ahead, the Group will adhere to technological empowerment, maintain our investment in R&D and enhance operational efficiency. We will keep focusing on our core strategies, adhere to integrity and innovation to empower our users and partners and create long-term returns for our shareholders."About Kingsoft Corporation LimitedKingsoft is a leading software and Internet services company based in China listed on the stock exchange of Hong Kong. It has three main subsidiaries including Kingsoft Office, Seasun and Kingsoft Shiyou. Following the implementation of its "mobile internet transformation" strategy, Kingsoft has completed the comprehensive transformation of its overall business and management models, and formed a strategic platform with office software and interactive entertainment as the pillars and cloud services and AI as the new directions. The Company has more than 7,000 staff around the world and enjoys a large market share in China. For more information, please visit http://www.kingsoft.com.Kingsoft Investor Relations:Francie Lu Tel: (86) 10 6292 7777 Email: ir@kingsoft.comFor further queries, please contact Hill+Knowlton Strategies Asia:Ovina Zhu Tel: (852) 2894 6315 Email: kingsoft@hkstrategies.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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InvesTech Holdings and Microsoft Jointly Launch Two Enterprise Digital Transformation Solutions

HONG KONG, Aug 17, 2022 - (ACN Newswire via SEAPRWire.com) - InvesTech Holdings Limited ("InvesTech Holdings", together with its subsidiaries, "the Group", Stock Code: 1087.HK), a leading integrated smart IT solutions provider in China, is pleased to announce that its subsidiary Wafer Systems Limited ("Wafer Systems"), which owns the smart office software solutions flagship product Virsical, has started a new collaboration with Microsoft Corporation ("Microsoft"; NASDAQ: MSFT) in the field of the modern workplace, jointly offering enterprises with digital transformation solutions.Jointly launching enterprise smart workspace solutions empowering the enterprises digital transformationWafer Systems and Microsoft joined hands to launch two distinctive enterprise solutions, namely "AIoT-based Smart Building Digital-twin Solution" and "Teams-based Digital Administrative Office Solution", to empower clients from various industries to undergo digital transformation. The Group and Microsoft aspire to force disruptive innovation to the traditional manpower-based management model, with an aim of delivering groundbreaking solutions to enterprises. As a digital administrative office solution, "AIoT-based Smart Building Digital-twin Solution" is Virsical AIoT platform-centred and Microsoft Azure-powered solution, which integrates building space management system and various smart hardware and terminals to collect and analyse information such as people's behaviour, terminal equipment and space status in the building, for the formation of a digital platform where information collection, resource sharing and optimised management are enabled. It also realises digital management of enterprise operational scenarios encompassing facility management, energy saving and emission reduction, office services, monitoring and alarming, emergency services, and information distribution. It effectively helps enterprises achieve intelligent collaboration of people, objects and space, and realise the intelligent transformation of administrative management, thus enhancing the efficiency of building operation and management, as well as reducing operating costs."Teams-based Digital Administrative Office Solution" is a corporate digital-twin smart management platform that is built on the foundation of Microsoft Teams with the application of advanced technologies such as the Internet of Things (IoT). It forms a system platform with functions including information collection, resource sharing and optimised management, in order to realise real-time dynamic monitoring and control of equipment operations. The platform covers multiple areas of corporate administration, including workstation management, meeting management, visitor management, access management, smart locker management, smart washroom management and space asset management, etc. It helps corporates achieve the intelligent management of people, objects and space while improving the efficiency and precision of real-time decision-making. Meanwhile, it drives enterprises to attain smart transformation of administrative management and fulfil green and low-carbon operations in office buildings. Leveraging its professional standards and capabilities, alongside industry-leading solutions, Wafer Systems is highly acclaimed by Microsoft and has become the only partner in China being awarded the "Microsoft Best IoT Partner of the Year". Driven by the mutual recognition of capabilities and mission, Wafer Systems and Microsoft have deepened their partnership through intensive collaboration in various fields. Forming strong alliance and strategically deepening collaboration in the field of smart office In November 2021, with its cutting-edge research and development (R&D) capabilities and advanced solutions being highly recognised by Microsoft, the Group ranked first in Microsoft Teams Hackathon with "Virsical Automated Visitor Registration Solution", and won the title of Microsoft Gold Partner in December 2021. In early 2022, Wafer Systems' "Virsical AIoT Solution" officially entered Microsoft laboratory and was empowered by Microsoft laboratory's technology and equipment. Bolstered by the full support of Microsoft experts and laboratory engineers, the Group has accelerated the implementation of Wafer Systems' space management and facility management solutions in the new-generation building parks. Through the integration of the existing solutions by Microsoft AIoT services, subsequent costs for implementation are reduced. The entry facilitates the integration of Virsical and Microsoft in terms of AIoT solutions, thus promoting the incubation and implementation of more technical solutions while allowing the two parties to explore the high-potential AIoT field together. Currently, several Virsical software products, namely MetaVisitor, MetaWorkspace and MetaMeeting, were successively launched on Microsoft Teams, offering Microsoft Teams users a brand-new office experience. In addition, the Group has recently participated in Microsoft IoT Project Dragon, during which "Virsical Smart Space Solution" was announced as a key solution in the smart space field and successfully gain wide recognition in the industry.By continuously strengthening and consolidating each other's advantages, the Group and Microsoft have reached mutually beneficial cooperation. The two parties have also carried out holistic collaborations in various fields, to create interconnected and visualised smart office spaces spanning across scenarios including office spaces, buildings and parks, with a view to improving corporate efficiency and driving the digital transformation of the Group's Fortune 500 clients.Mr. Ringo CHAN, Chairman and Chief Executive Officer of InvesTech Holdings, said, "Capitalising on Microsoft's outstanding technical capability and exhaustive list of product matrix, we are able to effectively optimise our solutions to provide clients with better products and services, thus expanding our market share in the promising Chinese market. As a Microsoft Gold Partner and a leader in the smart office industry, the Group expects to join hands with Microsoft to create smart space management solutions through leveraging technologies namely Microsoft Cloud's IoT, digital-twin and AI technology, as well as fostering integration with applications and management systems in existing traditional headquarters buildings. In the future, to give full play to complementary advantages, the Group will deepen its partnership with Microsoft and establish in-depth cooperation in fields such as smart office, to jointly explore enterprise metaverse."Ms. YIN Bing, Director of Asia IoT Partner Business Unit of Microsoft, said, "We are pleased to collaborate with our outstanding partner Wafer Systems and jointly create innovative solutions. It is Microsoft's mission to empower every person and every organisation on the planet to achieve more. Wafer Systems' innovative smart office solutions work well with Microsoft's industry-leading products such as Azure IoT and Teams, to provide enterprises with convenient tools for efficient management. Going forward, Microsoft will continue to support Wafer Systems in product innovation for the provision of industry-leading Microsoft platform-based solutions to more enterprise clients."About InvesTech Holdings LimitedInvesTech Holdings Limited (Stock code: 1087.HK) was listed on the main board of the Hong Kong Stock Exchange in 2010. As a leading integrated smart IT solutions provider with more than 30 years of experience in the IT industry, the Group is principally engaged in IT infrastructure system integration and smart office software solutions businesses. The Group has a strong presence in China, with more than 10 offices nationwide with a research and development centre in Xi'an. Website: http://www.investech-holdings.com/ Copyright 2022 ACN Newswire. All rights reserved. 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BayWa r.e. Expands and Strengthens Renewable Energy Business with Wind Projects Representative Office Opening in Lang Son Province in Vietnam

HO CHI MINH CITY, VIETNAM, Jun 21, 2022 - (ACN Newswire via SEAPRWire.com) - Global renewable energy developer, service provider and distributor, BayWa r.e., today announced the opening of its Wind Projects Representative office in Lang Son Province, Vietnam. The opening of the Wind Projects Representative office will strengthen BayWa r.e.'s position as a key renewable energy developer in Vietnam and enable the company to provide a wider range of wind energy services in the country.Mr. Brian Barry (Head of Wind Asia, BayWa r.e.), Mr. Nguyen Dinh Dai (Director of DOIT), Mr. Daniel Gaefke (APAC Director, BayWa r.e.), Mr. Daniel Emunds (German Embassy representative, Economic Affairs and Development Cooperation)Loi Dang Van (Wind Project Developer, BayWa r.e.), Mr. Brian Barry (Head of Wind Asia, BayWa r.e.), Mr. Daniel Gaefke (APAC Director, BayWa r.e.), Stephanie Tan (Project Manager, Wind Project Development, BayWa r.e.), Nam Le (Senior Wind Project Developer, BayWa r.e.)The opening ceremony of the office was officiated by local government officials, which included leaders of the province's People Committee, relevant departments of Industry and Commerce, Planning and Investment, Natural Resources & Environment, Agriculture and Rural Development, Transportations and local districts and German Embassy representative Mr. Daniel Emunds, Economic Affairs and Development Cooperation as well as local partners and contractors. The new representative office is expected to promote positive socio-economic developments and impact for the local community.Mr. Brian Barry, Head of Wind Asia, BayWa r.e. said "We are excited to see the exponential growth of BayWa r.e. in Vietnam and look forward to working closely with provincial and country stakeholders. We hope that through our investments into Vietnam and especially the Lang Son province at present, we will be able to bring more value to our stakeholders and communities living in the area. This is a step closer for us to work towards achieving Vietnam's strategy for sustainable and clean energy development and to facilitate the country's ambition of becoming net-zero by 2050."Mr. Pham Hung Truong, Chief of Office of the People's Committee of Lang Son shared: "We welcome BayWa r.e. opening its Representative Office in Lang Son. It is hoped that the Representative Office will be an effective bridge between the company and local government agencies, promoting the successful implementation of investment and construction of wind power projects of BayWa r.e. in Lang Son, contributing to the socio-economic development of the province. We acknowledge the valuable support of BayWa r.e. to the two primary schools of Khuoi Lay and Suoi Long recently; at the same time, we believe that in the coming time, your company will continue accompanying the local government to strengthen forms of support to local communities in the spirit of "Harmonious benefits, sharing risks!".BayWa r.e. first established its presence in Vietnam in 2020, with its head office located at Ho Chi Minh City. BayWa r.e. launched new services to its 'on-the-ground' operation in Vietnam, opening a solar distribution warehouse and new office facilities in Ho Chi Minh City to bring direct local access to solar PV, inverters, and much more renewable energy solutions. Since then, the company has been an active renewable energy partner in the Corporate & Industrial segment in Vietnam, developing Solar and Wind Projects, and providing Solar Distribution services.In addition, BayWa r.e.'s development team also has a 400MW pipeline of wind energy projects across sites in north Vietnam and is developing 150MW solar projects in the south of the country. In Lang Son province, BayWa r.e. is planning to develop 240MW of wind energy projects to leverage Vietnam's wind capacity.Added Mr. Barry, "Our office opening is a key milestone and the culmination of 2 years of development and investment in Lang Son. But this is just the beginning of our commitment and partnership with Lang Son as we prepare for the implementation of our wind projects. With our Lang Son office now established we will grow our Lang Son team to scale up our activities in preparation for our investment decision and the construction of the provinces first wind projects.""Having an office located where we are operational will enable more efficient work processes and allow direct access for stakeholders to communicate with BayWa r.e. This will also facilitate future development of wind projects in this province. Our on-site employees will also be able to effectively monitor current and future wind energy projects, which will ensure the longevity of the developments."BayWa r.e. recently announced the successful completion and handover of new sanitary facilities for Khuoi Lay Elementary School and Suoi Long Elementary School in Lang Son Province. This is part of BayWa r.e.'s long standing commitment to helping local communities, and also reaffirms the company's continued dedication to drive sustainable growth for the people of Lang Son province.BayWa r.e. AG (BayWa r.e.)At BayWa r.e. we r.e.think energy - how it is produced, stored and can be best used to enable the global renewable energy transition that is essential to the future of our planet.We are a leading global developer, service supplier, distributor and solutions provider and have brought over 4.5GW of energy online and manage over 10GW of assets. We are also an Independent Power Producer with an expanding energy trading business.BayWa r.e. works with businesses worldwide to provide tailored renewable solutions. Operating 100% carbon neutral, we are also committed to our own sustainability journey.Every day, we are working hard to actively shape the future of energy in a diverse, equitable and inclusive workplace.Our shareholders are BayWa AG, a EUR19.8 billion global business, and Energy Infrastructure Partners, a leader in energy infrastructure investment. Visit https://www.baywa-re.com/en/.Contact information:PRecious Communications for BayWa r.e. AGFoo En JingTel: +65 6303 0567E-mail: baywa-re@preciouscomms.com BayWa r.e. AGSalim PathanMarketing Manager, APACTel: +66 62 698 7162Email: salim.pathan@baywa-re.comMark CooperCorporate CommunicationsTel: +49 89 383932 3611E-mail: mark.cooper@baywa-re.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Kingsoft Announces 2022 First Quarter Results

HONG KONG, May 24, 2022 - (ACN Newswire via SEAPRWire.com) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 31 March 2022 ("period under review").During the period under review, the revenue of Kingsoft increased 19% year-over-year and 2% quarter-over-quarter to RMB1,853.0 million. Revenue from the office software and services, and the online games and others represented 47% and 53%, respectively, of total revenue. Gross profit increased 14% year-over-year and 4% quarter-over-quarter to RMB1,502.3 million. Operating profit before share-based compensation costs increased 5% year-over-year and 42% quarter-over-quarter to RMB573.7 million.Mr. Jun LEI, Chairman of Kingsoft, commented, "Amidst the evolving market and new challenges, we have successfully seized the opportunity for digital transformation and achieved a decent start in our core businesses. During the quarter, Kingsoft Office Group continued to pursue the strategy of 'multi-screen, cloud, content, artificial intelligence ("AI") and collaboration', upgrade its cloud office services and solutions, expand its user base and enhanced market penetration. In the online games business, we continued to focus on the R&D of premium games, promote the long-term development of core games and the overseas market expansion."Mr. Tao ZOU, Chief Executive Officer of Kingsoft, added, "The Company maintained steady performance across all businesses in the first quarter with total revenue reaching RMB1,853.0 million, increasing by 19% year-on-year. Driven by the continued growth of subscription revenue from individual and institutional users, our office software and services business in the first quarter increased by 13% year-on-year. With the contribution of our new mobile games launched in the fourth quarter of 2021, our online games and others business in the first quarter increased by 25% year-on year."BUSINESS REVIEW Office Software and ServicesFor the first quarter of 2022, revenue from the office software and services business increased 13% year-on-year to RMB871.1 million. The year-on-year increase was mainly due to the continued growth of Kingsoft Office Group's individual and institutional subscription business. During the quarter, the robust year-on-year growth of domestic individual subscriptions business was primarily driven by the ongoing user base expansion and growth in the number of long-term paying users. Meanwhile, during the COVID-19 pandemic, the highly effective collaboration functions of WPS Docs facilitated information sharing and drove a continuous increase in the number of uploaded cloud documents. Regarding the government and enterprise market, Kingsoft Office Group continued to enhance the solution quality of cloud and collaboration, bring brand-new experiences to users, and further promote cloud office migration and penetration. Kingsoft Office Group continued to optimize its solutions, enhance the eco-system construction and channel capabilities, and seize new opportunities arising from digital government and the industry digital transformation.Online Games and OthersRevenue from the online games and others business for the first quarter of 2022 increased 25% year-on-year and 7% quarter-on-quarter to RMB981.9 million. The increases were mainly due to the successful launch of several mobile games in the fourth quarter of 2021.JX World III, which was launched at the end of 2021, achieved an excellent performance in the quarter, and further demonstrated our strengths in R&D and operation of premium games. Meanwhile, we continued to optimize our newly launched titles. In April 2022, we have received the license approval for JX Online III Origin, and launched its open beta on 13 May. In view of the globalization, we strive to increase our product presence in international markets. As such, JX World III was launched in Southeast Asia in March 2022 , and Wu Lin Xian Xia was launch in Hong Kong, Macao and Taiwan in April 2022, and will also be released in South Korea in the third quarter of the year.Mr. Jun LEI concluded, "The results we achieved in the first quarter lays a solid foundation for the year of 2022. Looking ahead, the Company will continue to adhere to technological empowerment and keep investing in R&D . We will also strengthen our products and services, optimize user experience and strive to build a brighter future together with our users and partners."About Kingsoft Corporation LimitedKingsoft is a leading software and Internet services company based in China listed on the stock exchange of Hong Kong. It has three main subsidiaries including Kingsoft Office, Seasun and Kingsoft Shiyou. Following the implementation of its "mobile internet transformation" strategy, Kingsoft has completed the comprehensive transformation of its overall business and management models, and formed a strategic platform with office software and interactive entertainment as the pillars and cloud services and AI as the new directions. The Company has more than 7,000 staff around the world and enjoys a large market share in China. For more information, please visit http://www.kingsoft.com.Kingsoft Investor Relations:Francie Lu Tel: (86) 10 6292 7777 Email: ir@kingsoft.comFor further queries, please contact Hill+Knowlton Strategies Asia:Ovina Zhu Tel: (852) 2894 6315 Email: kingsoft@hkstrategies.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum joins World AI Show & Awards — Dubai

To be held under the patronage of the Private Office of HH Sheikh Saeed Bin Ahmed Al Maktoum, a member of the royal family of Dubai, the 35th global edition of World AI Show & Awards will bring together the most powerful voices in the global AI and RPA space. Taking place at Jumeirah Emirates Tower, in Dubai, the show will be one of the biggest gatherings of elite global AI, RPA leaders and enthusiasts. DUBAI, May 12, 2022 – (ACN Newswire) – The World AI Show & Awards – Dubai, which is held under the patronage of the Private Office of Sheikh Saeed Bin Ahmed Al Maktoum, a member of the royal family of Dubai, is taking place on 25-26 May 2022 at Jumeirah Emirates Tower, Dubai. The Private Office was established by His Highness Sheikh Saeed bin Ahmed Al Maktoum with the aim to directly invest in potential business opportunities which meet the investment criteria. The partnership strategy will create rare investment opportunities through collaboration with certain companies and AI innovators. Also, the event will be attended by Hisham Al Gurg, CEO of The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum and Seed Group, along with members of the management and senior executives. Talking about the event, Hisham Al Gurg, CEO of The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum and Seed Group, said, “Artificial Intelligence is one of the most profound technologies of our time. To explore this technology and its impact, it is important to initiate meaningful dialogue and foster lasting relationships so that a fair playing ground can be created for innovators and businesses to operate. The World AI Show & Awards is one such important step in this direction. Being held under the aegis of the Private Office of Sheikh Saeed Bin Ahmed Al Maktoum, the event holds the potential to encourage more efforts, investment, and research into AI and add immense value to the economic and social landscape of the UAE and the world.” The World AI Show & Awards – which is the world’s longest-running AI Show series will feature expert keynotes and engaging panel discussions designed specifically to help meaningful interactions in the ever-evolving AI and the RPA ecosystem. The show will also launch the inaugural ‘World AI Awards’. The World AI Awards will acknowledge and recognise excellence, as well as innovation, hard work, and achievement of organisations who have set an example in their industry for how emerging technologies create value and creatively handle problems and difficulties. Individuals, teams, and entities that have gone on a journey of adopting and applying AI and are the true flagbearers of AI in UAE, and will be honoured for their breakthroughs at the inaugural ceremony of the World AI Awards. The Jury for the World AI Awards includes: – Hans Henrik Christensen, Senior Director of DIEZ, Dubai Integrated Economic Zones (DIEZ)– Amina Abdulrahim, Head – Information Technology,Engineering Office of H.H Sheikh Mohammed Bin Rashid Al Maktoum.– Hoda Alkhzaimi, Director of Cyber Security Center, New York University.– Roula Moussa, CEO of AI Venture Labs.– Ellis Wang, Technology & AI Expert. Eager to keep the momentum from its previous editions, WAIS has put together a speaker line-up like no other; allowing attendees to hear directly from none other than thought leaders like: – Saeed Alhebsi, the widely respected Advisor in AI, Ministry of Human Resource and Emritisation, UAE– Tony Chacko Joseph, CISO, Ministry of Finance, UAE– Latifa Alshehhi, Head of Data Management, Road and Transport Authority, UAE– Aisha A. Alshamsi, Chief Data Officer Statistics & Analytics Director, Abu Dhabi Agriculture & Food Safety Authority, UAE– Sumaya Al Hajeri, Technology & AI Expert, UAE– Moayad Ratrout, Digital Transformation Specialist, Dubai Municipality, UAE– Khalifa Aljaziri, Ministry Of Economy, Commercial Affairs Regulatory Sector Projects Advisor, UAE– Dr. Salim Al-Shaili, Senior Executive Digital Transformation, Information Technology Authority, Oman– Gino George, Head of Customer Analytics & AI, First Abu Dhabi Bank, UAE– Anand Veeramani, VP & Geo Head – Asia and Middle East, Happiest Minds, India, to name a few. “It is an honour and a joy for us to organise the World AI Show under the patronage of the Private Office of H.H. Sheikh Saeed Bin Ahmed Al Maktoum, member of the royal family of Dubai, and to collaborate with Seed Group at this event. We are looking forward to welcome the royal delegation at the conference,” says Mr. Mithun Shetty, CEO of Trescon. The event will also feature the regional final of the Startup World Cup, a pitch competition by Pegasus Tech Ventures for firms planning to launch as well as those who are already established and looking to expand. One winner will be flown to San Francisco to compete for a chance to earn a US$ 1,000,000 investment award. The Jury for the Startup World Cup includes:– Hisham Al Gurg, CEO, The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum and Seed Group– Sonali Goila, Head – Venture Capital & Private Equity, Panthera Capital Investments.– Gustavo A. Montero, Founder, Carter Capital One.– Esha Arya, Partner, 8X Ventures. World AI Show is officially sponsored by: – Official Artificial Intelligence Partner – nybl– Lead Sponsor – Happiest Minds– Platinum Sponsor – Enterprise Bot– Official AI Cybersecurity Partner – Darktrace– Gold Sponsors – Google Cloud; BytePlus Pte Ltd; Growth from Knowledge; Soroco and Almawave.– Official Digital Partner – Nuummite Consulting– Silver Sponsor – ManageEngine– Bronze Sponsors – Beinex and Soothsayer Analytics.– Exhibitors – Helical Insight– Supporting Partner – Softline Ecommerce– Association Partners – International Group of Artificial Intelligence (IGOAI); Women in AI UAE and Emirates Digital Association for Women– Knowledge Partner – The VR/AR Association About The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum The Private Office was established by Sheikh Saeed bin Ahmed Al Maktoum to directly invest in or assist potential business opportunities in the region, which meet The Private Office’s criteria. Over the past 16 years, the Office has formed strategic alliances with leading global companies representing diverse regions and industries. These companies have propelled their business interests and goals in the Middle East and North Africa region through the support and strong base of regional connections of The Private Office. The Office’s goal is to create mutually beneficial partnerships with multinational organisations and to accelerate their sustainable market entry and presence within the MENA region. About World AI Show World AI Show is a thought-leadership-driven, business-focused, global series of events that takes place in strategic locations across the world. The show is a one-of-a-kind gathering of pre-qualified CIOs, CEOs, CTOs, Heads of AI, Chief Digital Officers, Heads of Innovation, and International AI experts. Witness powerful keynotes, workshops, use-case presentations, product exhibitions, panel discussions and tech talks to find solutions for issues and trends within the AI and RPA space. About Trescon Trescon is a global business events and consulting firm that provide a wide range of business services to a diversified client base that includes corporations, governments and individuals. Trescon is specialized in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, expos, demand generation, investor connect and consulting services. For further details about the announcement, please contact:Karthik A, Manager – Media, PR & Corporate CommunicationsTrescon media@tresconglobal.com

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MHIENG Establishes Branch Office in Canada Focused on Decarbonization Business

TOKYO, May 11, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG), a Mitsubishi Heavy Industries Group company, has newly established a branch office in western Canada to conduct business relating to decarbonization. Located in Calgary in the province of Alberta, the Mitsubishi Heavy Industries Engineering Calgary Branch Office will enhance the company's presence in the region by performing timely operations to introduce its carbon capture technologies, a field in which MHIENG holds a top global market share. Establishment of the new branch office is part of MHI Group's energy transition program integrating its comprehensive expertise in carbon capture.Canada is highly proactive in pursuing environmental protection and is a promising market for Carbon dioxide Capture, Utilization and Storage (CCUS) advancement. In 2019, the country introduced a federal carbon tax, with plans calling for progressive tax increases through 2030. Further, multiple subsidy programs have been launched on the provincial level to support CCUS projects. Numerous potential projects are currently being studied across the country, namely Alberta and Saskatchewan province, concurrently with development of CCUS infrastructure including transportation and storage.MHIENG's new branch office in Canada will further enable MHI Group to respond swiftly to local market trends and customer needs. MHI Group also bolsters the sales capabilities of the other regional departments that are in charge of advancing the decarbonization business in the US (MHIA) and Europe (Decarbonization Business Department, MHI-EMEA, established July 2021).MHI Group is currently strengthening its position in the Energy Transition, and the development of a CO2 solutions ecosystem is a core component of that initiative. CCUS is garnering attention as an effective means for realizing a carbon neutral society.Supporting the group's strategy on the Energy Transition, MHIENG, as a leading company in the decarbonization area, will continue to help achieve wide-scale greenhouse gas emission reduction by introducing its high-performance CO2 capture technology globally. It will also press ahead in developing new proprietary technologies to contribute to global environment protection.For further information on MHIENG's decarbonization products, visit:https://www.mhi.com/products/engineering/co2plants.htmlAbout MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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InvesTech Holdings Announces 2021 Annual Results

HONG KONG, Apr 1, 2022 - (ACN Newswire via SEAPRWire.com) - InvesTech Holdings Limited ("InvesTech Holdings", together with its subsidiaries, the "Group"; stock code: 1087.HK), a leading integrated smart IT solutions provider in China, announces its audited consolidated results for the year ended 31 December 2021 (the "Year"). During the Year, the Group continued to focus on its core business of the IT infrastructure system integration and the sales of smart office software solutions, with the majority of its revenue generating from the market in the People's Republic of China (the "PRC" or "China"). With operations gradually resuming normal in particular in the first half of the Year while capturing the surging demand in the market, the Group grew its sales considerably. During the Year, the Group's total revenue remained steady with a slight increase of approximately 3.3% to approximately RMB484.6 million (2020: approximately RMB469.1 million). Yet, certain deliveries were deferred due to late deliveries of goods by suppliers and urban lockdowns, which in turn led to a delay in the recognition of revenue, in addition, a sizable government contract was concluded during the Year, resulting in a 340.3% increase in total contracted sales backlog to approximately RMB802.9 million as compared to that of 2020. The Group's gross profit increased by approximately 11.3% to approximately RMB57.1 million (2020: approximately RMB51.3 million), broadly in line with revenue growth. Net loss for the year substantially narrowed to RMB21.0 million from the loss of RMB86.7 million in last year, mainly attributable to the absence of the recognition of an impairment of loan receivables and the impairment of goodwill in relation to the network system integration cash-generating unit for the Year.Mr. Ringo Chan, Chairman and Chief Executive Officer of InvesTech Holdings, said, "Thanks to the favourable national policies, investment in IT-related industries began to soar. Meanwhile, the market for smart office solutions has seen explosive growth as companies have rushed to adapt to restrictions imposed to control the COVID-19 (the "pandemic"). During the Year, leveraging robust demand for IT infrastructure system integration and smart office software solution services in the Chinese market, the Group spared no effort to enhance its business development and achieved business growth."Business ReviewIT Infrastructure System Integration BusinessThe Group continued to expedite the development of its traditional IT infrastructure system integration business, which remained a major source of revenue during the Year. Leveraging its solid foundations in the industry and strong customer relationships, the Group's revenue from the IT infrastructure system integration segment increased by approximately 0.4% to approximately RMB448.6 million for the Year. In addition to strengthening its core competitiveness in the provision of a wide range of products and services through the traditional IT infrastructure system integration business, the Group also joined forces with various tech giants, with the aim of acquiring new clients through strategic alliances to deliver cutting-edge IT infrastructure solutions. Smart Office Software Solutions BusinessAs office closures and work-from-home arrangements were adopted across various industries during the Year, demand surged for the Group's smart office software solutions and property technology ("PropTech") solutions, which operate with Internet of Things (IoT) technology. The number of orders for, and sales of, smart office software solutions increased significantly, delivering revenue growth of approximately 60.7% to approximately RMB36.0 million for the Year. During the Year, the Group also allocated more resources on its research and development team and centre located in Xi'an, the PRC. To further capture market opportunities, the Group will expand the scope of its services and continue to upgrade Virsical, its flagship smart office software solutions product.Contract Awarded to the Group - Hong Kong Smart Library System ProjectIn September 2021, a government contract for the provision of a smart library system for the Hong Kong government's Leisure and Cultural Services Department with contract sum of approximately HK$693.1 million was awarded to an unincorporated joint venture, which was formed by the Group in proportion to the contribution of 70%. The project involves the design, supply, delivery, installation, commissioning, implementation, system support and maintenance of core library systems, alongside the provision of other services. The estimated project duration is from September 2021 to March 2026, with a warranty and maintenance period running until March 2036. The project is set to broaden the Group's revenue stream and expand its business in Hong Kong in coming years.OutlookLooking ahead, the Group will maintain the stable development of its IT infrastructure system integration business, with a focus on expediting the development of its smart office software business. The Group will also foster relationships and alliances with additional large enterprises to reach new customers while continuing its investment in the research and development centre in Xi'an, the PRC, to enhance its capabilities. In Hong Kong, the Group will continue to bid for and acquire public and private projects, and look forward to increased cooperation with government departments in the future.In recent years, a number of technology giants have allocated immense resources to metaverse investments. Also, the pandemic has prompted the development of enterprise metaverse solutions, which deliver advantages such as increased access to talent, enhanced productivity and reduced operating costs. Taking the latest market development into consideration, the Group believes that it has entered the inflection point to the development of the up-and-coming global trend towards virtual experience, powering the enterprise metaverse with its IT infrastructure and software solutions. Currently, the Group offers a "hybrid" smart office solution allowing users to work partly in the physical workplace and partly remotely, permitting enterprises to better tap their true potential, ensuring smooth business operations and management, and fostering their overall productivity and competitiveness. Leveraging the strong capabilities of the Group's internal resources, as well as its formidable experience in IT solutions, the Group aims to further modify and enhance its software products through built-in compatibility with the latest technology, and at the same time collaborate with tech industry leaders with the ultimate goal of providing highly realistic, virtual smart-office solutions that can be used in financial institutions, new economy companies and multinational enterprises.Mr. Chan concluded, "Riding on the favourable backdrop of the industry, coupled with our ample experience in the market, we are cautiously optimistic about the prospects of our principal businesses. We have always actively sought opportunities to build a new business ecosystem and to become a leading integrated smart IT solutions provider. Looking ahead, we will actively identify suitable acquisition and investment targets in the markets to broaden revenue base and diversify business, while progressing enterprise metaverse development and achieving breakthroughs in the industry."About InvesTech Holdings LimitedInvesTech Holdings Limited (Stock code: 1087.HK) was listed on the main board of Hong Kong Stock Exchange in 2010. As a leading integrated smart IT solutions provider with more than 30 years of experience in IT industry, the Group is principally engaged in IT infrastructure system integration and smart office software solutions businesses. The Group has strong presence in China, with more than 10 offices nationwide with a research and development centre in Xi'an. Website: http://www.investech-holdings.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Kingsoft Announces 2021 Annual and Fourth Quarter Results

HONG KONG, Mar 23, 2022 - (ACN Newswire via SEAPRWire.com) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its 2021 annual results and fourth quarter results for the period ended 31 December 2021.For the year of 2021, the revenue of Kingsoft increased 14% year-on-year to RMB6,371.4 million. Revenue from the office software and services and online games and others represented 51% and 49%, respectively, of the Company's total revenue for the year of 2021. Gross profit for the year of 2021 increased 11% year-on-year to RMB 5,214.3 million, while operating profit amounted to RMB1,360.6 million.For the fourth quarter of 2021, the Company's revenue increased 13% year-on-year and 21% quarter-on-quarter to RMB1,822.1 million. Revenue from the office software and services and online games and others represented 50% and 50%, respectively, of the Company's total revenue for the fourth quarter of 2021. Gross profit for the fourth quarter of 2021 increased 8% year-on-year and 17% quarter-on-quarter to RMB1,449.6 million, while operating profit amounted to RMB331.4 million. Mr. Jun LEI, Chairman of Kingsoft, commented, "In 2021, we are poised to achieve a steady growth in our core businesses leveraging our continuous investment in technological innovation. Kingsoft Office Group understands user needs and has further enhanced its products and services. It has also continued to pursue the ecosystem strategy of "multi-screen, cloud, content, artificial intelligence ("AI") and collaboration" and achieved an excellent operation performance. Meanwhile, our online games business has launched several new mobile games during the year while continuing to focus on the development of premium games, long-term operation and enrichment of core game IPs."Mr. Tao ZOU, Chief Executive Officer of Kingsoft, added, "The Group's business continued to achieve a steady growth, with revenue reaching RMB6,371.4 million, increasing by 14% year-on-year. Our office software and services business maintained a solid growth momentum and its revenue increased 45% year-on-year."BUSINESS REVIEW Office Software and Services In 2021, revenue from office software and services business increased 45% year-on-year to RMB3,264.8 million. Revenue in the fourth quarter increased 19% year-on-year and 12% quarter-on-quarter to RMB903.9 million. In 2021, Kingsoft Office Group continued to enhance its products and services for cloud office and collaboration office scenarios. With increasing user activeness and user stickiness in individual and enterprise users, cloud migration of both domestic individual and institutional subscriptions has accelerated. With the stable growth in the number of monthly active devices of its key products, Kingsoft Office Group has continued to optimize its user experience and products functions, promote cloud migration, increase usage of its value-added functions and further drove the growth in its number of paying users. In addition, the significant increase in the number of uploaded cloud documents and the increase in the proportion of long-term paying users have also laid a solid foundation for the development of the individual subscription business in the future. Regarding the government and enterprise market, Kingsoft Office Group took advantage of the industry trend on the demands of government and enterprise users for data asset management and office efficiency improvement, and has actively improved product systems, enhanced user experience and expanded eco-systems, to promote the cloud office migration of government and enterprise users. This has also set a solid foundation for its subsequent promotion of digital office platform solutions. As the cloud migration of government and enterprise users continues, Kingsoft Office Group is expected to increase its presence in the government and enterprise market. In addition, Kingsoft Office Group has witnessed a strong demand growth from the government and enterprise users, as localization projects enter a booming stage with a fast-growing market leveraging the favourable policies. Moreover, Kingsoft Office Group also received substantial orders for its re-flowable and fixed-layout document format products which lead to a robust growth of its domestic institutional licensing business. Online Games and others Revenue from the online games and others business for 2021 was RMB3,106.6 million. Revenue for the fourth quarter of 2021 increased 8% year-on-year and 30% quarter-on-quarter to RMB 918.2million. The steady year-on-year growth in the fourth quarter was mainly due to the successful launch of several mobile games which diversified the Company's game portfolio. In the fourth quarter, revenue from the flagship JX Online III PC game and the classic JX 2D PC game grew steadily quarter-on-quarter. Moreover, we have also achieved breakthroughs on product development demonstrating the vitality of the core IP and our strong R&D and operational capabilities.Following the successful release of the JX I Pocket mobile game in Vietnam in April 2021, JX I: Gui Lai, the domestic version of JX I Pocket mobile game was released in October. Upon its debut, JX I: Gui Lai was ranked third in the top free charts and first in the top grossing role-playing game (RPG) charts for iOS. In November, Wu Lin Xian Xia, our self-developed mobile game, was released in China with highest ranking sixth in the top grossing charts for iOS, demonstrating our successful strategic co-operation with Nuverse. In December, JX World III, the third generation of the JX World series mobile games, was launched. Upon its launch, JX World III ranked first in the top free charts and ninth in the top grossing charts for iOS. In addition, the mobile game was also recommended on the front page of Apple Today and was recognized as a superstar product by the Mobile Hardcore Alliance.Mr. Jun LEI concluded, "Looking forward, Kingsoft Office Group will ride on the trend of cloud and collaboration office and continue to invest in product research and development. It will also further explore the opportunities in the enterprise market and strive to empower the digital transformation of large-scale organizations. Regarding our online games business, we will maintain the development of our core IP while focusing on bringing new game genres and new IPs. Looking ahead, we will continue to invest in R&D, promote technological innovation and upgrades, and pursue social responsibility to ensure long-term sustainable growth of our business."About Kingsoft Corporation LimitedKingsoft is a leading software and Internet services company based in China listed on the stock exchange of Hong Kong. It has two subsidiaries including Kingsoft Office and Seasun. Following the implementation of its "mobile internet transformation" strategy, Kingsoft has completed the comprehensive transformation of its overall business and management models and formed a strategic platform with office software and interactive entertainment as the pillars and cloud services and AI as the new directions. The Company has more than 7,000 staff around the world and enjoys an important market share in China. For more information, please visit http://www.kingsoft.com.Kingsoft Investor Relations:Francie Lu Tel: (86) 10 6292 7777 Email: ir@kingsoft.comFor further queries, please contact Hill+Knowlton Strategies Asia:Ovina Zhu Tel: (852) 2894 6315 Email: kingsoft@hkstrategies.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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The CEO of BruntWork is Riding the Remote Work Wave

NEW YORK, NY, Feb 4, 2022 - (ACN Newswire via SEAPRWire.com) - Staff in fast-growing regions of the world such as the Philippines and in South America are earning more working from home for international companies than they could ever earn on-shore. And the rules for work have changed for good.At the dawn of the post-pandemic era, office workers have woken up, stretched their limbs and shrugged off the remnants of painful memories "Traffic jams, long commutes on crowded buses and trains, unhealthy and expensive lunches in the city CBD" recalls Winston Ong, CEO of leading global outsourcing company BruntWork, about his usual workweek prior to Covid19. "For someone who requires focus to be productive, being accosted by co-workers in an open plan office was a particularly painful experience."Ong is a self-confessed "home worker". With decades of experience in digital marketing, his tasks consisted of work that he could always accomplish from any location with an Internet connection and a phone. And in recent times, all the companies he worked for had a portion of workers located overseas as employers realized the considerable talent pools available in countries like the Philippines (where wages are significantly less than first world countries like the USA or Canada).Over 100 hundred million employees are working from home and many will never go back.Employers are scrambling to figure out what that means for their balance sheets, office leases, fit-outs and corporate culture. And many savvy business owners are seeing the opportunity to cut costs by relocating back-office roles to cheaper international jurisdictions.Since the pandemic, Ong saw a future where companies simply did not offer workers an office to go to, which begged the question "what comes next" for businesses that sell products and services online in an increasingly globalized world."The world is changing. We are at a turning point where the technology is ready, employers are ready, customers are ready and staff are more than ready to redefine the interaction between life and employment. For some time my partner and I had been planning extended trips living overseas, and I realized the best way to help people live their perfect life was to lead a company revolutionizing remote work in the post-pandemic world."At the dawn of the new era of work from home, managers and entrepreneurs are waking up to an amazing realization. Jobs that were reserved for office workers can actually be done better from home and there is no longer any requirement to hire locally.Indeed companies can hire nationally, or indeed internationally to find the best candidates for a particular role, no matter the location. And in the process, companies can dramatically increase productivity and most importantly, profitability. Ong suggests that the average company can cut 70% out of their labor bill by moving to remote first, and hiring from international labor pools such as the Philippines.The chance that many workers are ever willing to commute on a regular basis again in the future is zero. It's too inefficient. And while workers and employers are somewhat split on where they stand on the question of remote toil, the COVID-19 pandemic has permanently shaken up the working world; no society is going back to the pre-COVID normal.To support what could be droves of workers sticking to distance-labor instead of returning to offices, BruntWork recorded revenue growth in excess of 700% during the pandemic and provides a solution to quickly get remote workers embedded in any company as quickly as possible."I knew we were onto a winner when our business model morphed from SMEs looking for one or two virtual assistants to listed companies looking to outsource entire sections of their operations. The growth has been simply explosive."What's ahead for BruntWork? Per its CEO, the company would like to grow its staff by five-fold this year. And unsurprisingly, BruntWork intends to hew to its remote roots, meaning that it won't be looking for workers in a single geographic region. The staff it intends to hire for companies will be in Asia, Latin America and Eastern Europe. The company will also build out more enterprise-friendly features allowing it to target larger customers.About BruntworkBruntwork is an outsourcing company that is an expert at building cost-effective, efficient and scalable operational teams for businesses wanting to grow fast and effectively. Since 2010 we've recruited and trained hundreds of staff to work in The Philippines on behalf of our clients. We've deployed specialist teams across most operational functions including; Telesales for both inbound and outbound campaigns, Multi-Channel Customer Support, Data and Analytics, Digital Marketing, Digital Content Production, and Web & App Design.Contact: Adam PiskEmail: adam@bruntwork.coPhone: +1 (877) 319 3837SOURCE: Bruntwork Ltd Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Kingsoft Announces 2021 Third Quarter Results

HONG KONG, Nov 16, 2021 - (ACN Newswire via SEAPRWire.com) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 30 September 2021 ("period under review"). During the period under review, the revenue of Kingsoft increased 8% year-on-year to RMB1,510.2 million. Revenue from online games and others, and office software and services represented 47% and 53% of the Group's total revenue for the third quarter of 2021, respectively. Revenue from the office software and services business for the third quarter of 2021 increased 37% year-on-year to RMB803.7 million. Gross profit for the third quarter of 2021 increased 7% year-on-year to RMB1,241.0 million. Mr. Jun LEI, Chairman of Kingsoft, commented, "Our overall business grew steadily during the quarter. Kingsoft Office Group focused on addressing user needs to enhance its products and services, and continued to pursue its strategy of 'multi-screen, cloud, content, artificial intelligence ("AI") and collaboration'. Meanwhile, our online game business adhered its 'premium' games strategy." Mr. Tao ZOU, Chief Executive Officer of the Company, added, "The Group's business continued to grow in the third quarter with revenue reaching RMB1,510.2 million, up 8% year-on-year. Driven by the continued growth of licensing and subscription services businesses, our office software and services business maintained strong growth momentum in the third quarter with revenue reaching RMB803.7 million, up 37% year-on-year." BUSINESS REVIEW Office Software and Services The strong year-on-year revenue growth of licensing business was primarily driven by the growing cloud office and licensing business in the government and enterprise market and the increasing demand for localization. Kingsoft Office Group continued to improve the services quality of its localization business by joining the Trusted Computing Group, where it worked with different partners to set up a multi-dimensional cooperative program. The program focuses on document services to effectively promote the integration of cloud products with digital government and state-owned cloud projects. Meanwhile, Kingsoft Office Group actively participated in the pilot exercise of the newly-launched industry localization business and gained recognition from clients.The subscription service business continued to maintain a robust growth during the quarter. Kingsoft Office Group strived to optimize collaboration office scenarios and launched new solutions to effectively maintain stable growth in active users and paying users, resulting in transition of paying user habits from casual to long-term needs. As of the end of September 2021, the number of monthly active devices of its key products amounted to 521 million, up 14% year-on-year. With increasing demand for cloud and collaboration office solutions, the number of users of WPS Docs in the third quarter already exceeded the peak recorded during the COVID-19 pandemic. In order to cater to small and medium-sized enterprises' and teams' demand for collaboration and convenient office solutions, Kingsoft Office Group has invested in ActionSoft, a low-code Platform as a Service ("PaaS") provider, and aimed to develop a digital transformation solution to achieve the synergy of office scenarios and business scenarios.Online Games and othersIn the third quarter, the online game business continued to maintain a stable performance quarter-on-quarter. Revenue from the flagship JX Online III PC game and the classic JX 2D PC games achieved steady growth demonstrating the sustainable longevity and vitality of the core IP. In August, Kingsoft celebrated the 12th anniversary of JX Online III PC game and launched theme activities with collaboration between traditional and contemporary Chinese culture. These activities received wide acclaim from younger generation of gamers. In October, Kingsoft launched Bei Tian Yao Zong, the anniversary expansion pack for JX Online III PC game, and a new section with the theme of traditional Chinese medicine and upgraded gameplay that has been popular among gamers. In addition, JX I: Gui Lai was released in China on 15 October 2021.During the third quarter, the domestic games industry adapted to new regulations. We are proactively embracing the new regulatory environment which we believe would contribute to a more sustainable development path for the gaming industry. Forging ahead, Kingsoft will continue our integration of development and operation of new game genres to create a diversified content ecosystem while strengthening the performance of Kingsoft's core IP products."Mr. Jun LEI concluded, "In the third quarter, our core businesses continued to expand and contributed solid results to the Group. Looking forward, we will focus on exploring opportunities of the enterprise services market and online games market, continuing to expand R&D investment, as well as enhancing our products and services, aiming to provide our users and partners with valuable products and services experience and drive long-term returns for our shareholders."About Kingsoft Corporation LimitedKingsoft is a leading software and Internet services company based in China listed on the stock exchange of Hong Kong. It has two subsidiaries including Kingsoft Office and Seasun. Following the implementation of its "mobile internet transformation" strategy, Kingsoft has completed the comprehensive transformation of its overall businesses and management models and formed a strategic platform with interactive entertainment and office software as the pillars and cloud services and AI as the new directions. The Company has more than 6,000 staff around the world and enjoys a large market share in China. For more information, please visit http://www.kingsoft.com.Kingsoft Investor Relations:Francie Lu Tel: (86) 10 6292 7777 Email: ir@kingsoft.comFor further queries, please contact Hill+Knowlton Strategies Asia:Ovina Zhu Tel: (852) 2894 6315 Email: kingsoft@hkstrategies.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Pofma Office rejects activist Jolovan Wham’s claims that he was asked to apologise during interview

SINGAPORE - The Protection from Online Falsehoods and Manipulation Act (Pofma) Office has said activist Jolovan Wham's claims that he was asked to apologise during an interview with the office on Oct 22 were untrue. Mr Wham posted on Facebook on Oct 24 that he was asked by a Pofma officer at the end of a three-hour investigation if he wanted to apologise for his actions. He was called to the office for an interview after he and eight others were issued correction directions from the Pofma Office. This was for posts that suggested that Law and Home Affairs Minister K. Shanmugam had said in Parliament that the rule of law does not operate in Singapore. Mr Wham wrote in a post about his interview: "The implication was that if I did (apologise), they might decide to let me off the hook. But what a terrible choice one has to make to avoid legal troubles!" He added that he could not bring himself to apologise and claimed the authorities were using their power to scare others into submission and humiliate him. The Pofma office said instead that it was Mr Wham who had asked the investigating officer if he was expected to apologise, in a written statement on Monday (Nov 1) to address Mr Wham's post. The officer replied that it was for Mr Wham to decide as this was his statement, the office added. The statement wrote: "The Pofma Office categorically rejects Mr Wham's claims. His claim that he was asked if he wanted to apologise during the interview is false." Mr Wham was one of nine entities who had received letters from the Ministry of Home Affairs (MHA) on Oct 7 asking them to correct false statements and apologise for misquoting Mr Shanmugam. Checks show the seven are activists Andrew Loh, Kirsten Han, Martyn See, Julie O'Connor, Kokila Annamalai and Lynn Lee, and Facebook page Wake Up Singapore. The other two are Peoples Voice chief Lim Tean and Mr Wham. These misrepresentations were also published by news website Mothership in its article on Oct 6, which had since published an editor's note to clarify and correct the statement. The posts in question had completely misstated what Mr Shanmugam said at the debate on the Foreign Interference (Countermeasures) Act, MHA said. "The minister had repeatedly affirmed, in Parliament, the importance of the rule of law for Singapore and the Government's strong and continued commitment to the rule of law," the ministry said on Oct 8. "He had said there are some countries around the world where the rule of law is a concept for lawyers, but does not operate in the real world, and their societies live in utter misery. He used this as a contrast to how the rule of law is applied in Singapore." More on this topic   Related Story Activist Jolovan Wham issued Pofma order over tweet on Shanmugam's remarks   Related Story Pofma correction direction issued to Truth Warriors over Covid-19 false claims

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TEC case study with Standard Chartered on Future Workplace found 75% of employees want greater workplace flexibility

HONG KONG, Sep 2, 2021 - (ACN Newswire via SEAPRWire.com) - The Office of the Future must be an inspiring physical space that facilitates communication, cooperation and collaboration in order to encourage employees to come into the office, according to the latest case study by The Executive Centre (TEC), the leading premium flexible workspace, and Standard Chartered Bank.Modern technology and globalised communication systems have allowed us to become a more agile and mobile workforce, and these trends have accelerated with the COVID-19 pandemic. The workforce culture today is increasingly championing flexible working practices as the Future of Work. Standard Chartered Bank is leading the shift for multinational corporates towards adopting a flexible work culture through an extensive review and analysis of their portfolio and employee needs. Sheridan Perkins, Property Program Director of Future Workplace, now at Standard Chartered Bank said, "Initially, we assumed maybe 50% of our employees wanted Flex, but actually from our survey, we found that over 75% wanted it. Typically, this was 2-3 days at home and 2-3 days at the office or third space. Despite some regional nuances, this finding was reasonably consistent across all regions."The case study reviews the learnings from Standard Chartered Bank's exercise and provides a roadmap for other organisations that realise the value of flexibility but find it challenging to create an architecture to empower change.One of the key learnings is that for companies to successfully transition towards flexible working practices, they need to understand their business requirements and priorities first, as there is no one-size-fits-all solution. They must also interview and collaborate with their employees extensively, conduct research to make informed decisions, seek external consultations from multiple industry partners, and understand where their operations need to be geographically and how the occupants will use that space. While the company approach must be tailored, there were three factors that all companies should consider in their workplace strategy: Physical, Digital and Social.-- Physical transformation: As people will be coming into the workplace to perform activities that they cannot do at home, office design will become one that facilitates communication, cooperation and collaboration.-- Digital transformation: With an increasing demand to work flexibly and remotely, technology and digitalisation of workflows will play a pivotal role in enabling day to day productivity.-- Social transformation: As the office will become a place where employees choose to work from, greater incentives will be needed to attract people into the office.For its Greater Bay Area location, Standard Chartered Bank realised it required private office spaces andmeeting rooms in a CBD location which would allow for multiple business units to operate, and flexibility to scale up or down as their business needs changed. The Executive Centre's flexible workspace solution gave them the ability to mitigate their risks and reduce costs while remaining in the heart of Guangzhou's central business district. "As a solution, flexible workspaces provide ready to use, fully furnished and serviced workspaces for the headcount that's needed at hand. This ability to scale up or down or move locations at relatively short notice is a highly intelligent way for companies to address their workspace requirements," said Paul Salnikow, Founder & CEO of The Executive Centre. Shelley Boland, Head of Property Asia Pacific, Standard Chartered Bank added, "The talent of the future are expecting flex; whether that's flexible work hours or locations. Successful adopters of flex will be those that have the foresight to model and visualise how workplace changes may affect business outcomes, operations and employees, and be agile enough to constantly evolve their workspace to those needs. We see flexible office spaces playing a greater role in that strategy."Read the full Standard Chartered / TEC case study on the 'Future of Work' at https://business-reporter.co.uk/2021/08/23/why-the-future-of-work/.About The Executive CentreThe Executive Centre (TEC) opened its doors in Hong Kong in 1994 and today boasts over 150+ centres in 32 cities and 14 markets. It is the third-largest serviced office business in Asia with an annual turnover in excess of US$237 million.The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space - they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.Privately owned and headquartered in Hong Kong, TEC provides first-class Private and Shared Workspaces, Business Concierge Services, and Meeting & Conference facilities to suit any business' needs. For more information please visit www.executivecentre.com.Press Enquiries:Finsbury Glover HeringSheena Shah / Crystal ChowSheena.Shah@fgh.com / +852 3166 9855Crystal.Chow@fgh.com / +852 3166 9838 Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Kingsoft Announces 2021 Interim and Second Quarter Results

HONG KONG, Aug 24, 2021 - (ACN Newswire via SEAPRWire.com) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited 2021 interim results and its second quarter results for the period ended 30 June 2021.For the first half of 2021, the revenue of Kingsoft increased 17% year-on-year to RMB3,039.1 million. Revenue from office software and services business increased 70% year-on-year to RMB1,557.2 million. Revenue from office software and services and online games and others represented 51% and 49%, respectively, of the Company's total revenue for the first half of 2021. Gross profit for the first half of 2021 increased 16% year-on-year to RMB2,523.7 million, while operating profit amounted to RMB741.9 million. For the second quarter of 2021, the Company's revenue increased 4% year-on-year to RMB1,479.5 million. Revenue from office software and services business increased 47% year-on-year to RMB786.2 million. Revenue from office software and services and online games and others represented 53% and 47%, respectively, of the Company's total revenue for the second quarter of 2021. Gross profit for the second quarter of 2021 remained flat year-on-year and amounted to RMB1,207.9 million, while operating profit amounted to RMB229.8 million.Mr. Jun LEI, Chairman of Kingsoft, commented, "We maintained a steady performance in all businesses in the first half of 2021. Kingsoft Office Group seized the opportunity for digital transformation and will continue to pursue the strategy of "multi-screen, cloud, content, AI and collaboration". In the online games business, we continued to focus our strategy on premium games, increase our investment in R&D and continuously expand new game genres." Mr. Tao ZOU, Chief Executive Officer of Kingsoft, added, "In the first half of 2021, revenue of the Company continued to grow steadily. Our total revenue came in at RMB3,039.1 million, up 17% year-on-year. Our office software and services business recorded a strong growth of 70% and 47% year-on-year, respectively, for the first half and second quarter of 2021. Our total revenue in the second quarter was RMB1,479.5 million, up 4% year-on-year."BUSINESS REVIEW Office Software and Services For the first half of 2021, revenue from office software and services business increased 70% year-on-year to RMB1,557.2 million. Revenue in the second quarter increased 47% year-on-year to RMB786.2 million. The rapid revenue increase was largely due to robust growth from licensing business and sustainable growth from subscription services business of Kingsoft Office Group. The revenue growth of licensing business was driven primarily by increasing demand for localization, as well as cloud and collaboration services from government and enterprises. The increase of subscription services business was mainly due to growing demand for cloud and collaboration services and enhancement of user stickiness from personal users.In the second quarter of 2021. As the localization project has entered a mature period and customer demand increased significantly, we continued to witness a strong revenue growth from the localization project during this quarter. With the enhanced collaboration between the subsidiary, Beijing Suwell Technology Co., Ltd., and Kingsoft Office Group, the fixed-layout document format standards have been increasingly adopted by the market, thus further optimizing the localization business ecosystem. Our cloud and collaboration office solutions effectively promoted the cloud office migration and penetration in the government and enterprise market and it brought us strong year-on-year revenue growth for the sustainable licensing business. Kingsoft Office Group has also continued to develop the micro, small and medium-sized enterprise market. As of 30 June 2021, over 1 million micro, small and medium-sized enterprises covering 19 industries are registered users of WPS+. Kingsoft Office Group organized the 2021 Office Application Developer Conference in July and launched Document Open Platform, our first product enabling global office application developers to facilitate a digital office as well as digital transformation in the government and enterprise market in China.Meanwhile, Kingsoft Office Group has continued to optimize the user experience, and improve its customer loyalty through the application of cloud and collaboration services. We continued to enhance the penetration within the public cloud market and promote the growth of the office subscription business. During the quarter, Kingsoft Office Group launched various new functions for the WPS membership services and further optimized the user experience. In April, Kingsoft Office Group organized a content ecosystem conference in Wuhan and strived to promote the transformation of our core WPS products from office tools to office services.In the first half of 2021, Kingsoft Office Group began the transformation of internet advertising business. We took the initiative to further adjust the advertising strategy to reduce interruptions from advertisements to users and enhance users' cross-platform collaboration experience. During the second quarter of 2021, the internet advertising and promotion services business maintained a steady year-on-year growth with the increase in user base, while its proportion in office software and services business revenue continued to decline.Online Games and othersRevenue from the online games and others business for the first half of 2021 amounted to RMB1,481.9 million and revenue for the second quarter of 2021 amounted to RMB693.3 million. In the second quarter, the online games business continued to enhance the core IP value of the JX series and to expand the development of new game genres. In April, the JX I: Gui Lai mobile game was successfully released in Vietnam. Among all Role Playing Games (RPG) games, the JX I: Gui Lai mobile game ranked first on both iOS and Android download charts in the first month of its debut. In May, the First-Person Shooting (FPS) game Bullet Angel was first released in Southeast Asia and got recommended by Google Play. In June, we released War of the Visions: Final Fantasy Brave Exvius, the latest game of the Final Fantasy Brave Exvius series developed by SQUARE ENIX, was released in China and it was also recommended by Apple Store.In the coming quarters, the online games business will continue to focus on the long-term development of our classic IPs and to promote the launch of new games at the same time. We will celebrate the 12th anniversary of our flagship JX Online III Revamped PC game and launch a new expansion pack to further strengthen the longevity and vitality of our core IP. In addition, the JX World III mobile game will be launched within this year with a comprehensive upgrade in its visual design and gameplay.Mr. Jun LEI concluded, "In the first half of 2021, we achieved a stable performance of our core businesses. Looking forward, we will continue to increase our investment in R&D, promote technological innovation, enhance technological capabilities, and develop new products and services. We will strive to bring the best experience to our users and customers and are committed to the sustainable growth of our business, bringing long-term value and returns to our shareholders and achieve a win-win situation for our partners."About Kingsoft Corporation LimitedKingsoft is a leading software and Internet services company based in China listed on the stock exchange of Hong Kong. It has two subsidiaries including Kingsoft Office and Seasun. Following the implementation of its "mobile internet transformation" strategy, Kingsoft has completed the comprehensive transformation of its overall businesses and management models and formed a strategic platform with interactive entertainment and office software as the pillars and cloud services and AI as the new directions. The Company has more than 6,000 staff around the world and enjoys a large market share in China. For more information, please visit http://www.kingsoft.com.Kingsoft Investor Relations:Francie Lu Tel: (86) 10 6292 7777 Email: ir@kingsoft.comFor further queries, please contact Hill+Knowlton Strategies Asia:Ovina Zhu Tel: (852) 2894 6315 Email: kingsoft@hkstrategies.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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