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[CORRECTION] The Skin Factory (KUNDAL) Acquires Korean Skincare Brand NACIFIC, a Fast-growing K-beauty with the Brand Model “Stray Kids”

Seoul, Korea, January 16, 2023 – (SEAPRWire) – The Skin Factory, known for its personal care brand ‘KUNDAL’, plans to further accelerate its overseas sales growth by acquiring Abill Korea, the owner of the natural beauty brand ‘NACIFIC’, which has a strong presence in the overseas markets. Abill Korea was established in 2014 and has been successful in the overseas markets such as Indonesia, Myanmar, and Japan. Fresh Herb Origin Serum, which became widely known to the public as ‘Yok Serum’, sold more than 1 million bottles since its launch. Abill recorded about 17 billion won in sales last year by expanding its product range to skin care and color cosmetics products with various concept ingredients such as Niacin, CICA, AHA BHA, Salicylic acid, etc. Particularly in 2021, the NACIFC brand has become well known to many overseas fans through its contract with global artist “Stray Kids”, which was NACIFIC’s driving force behind growing 90% of its overseas sales. The Skin Factory has been expanding its business from domestic to overseas markets by focusing on hair care product sales led by the KUNDAL brand. Over the past three years, The Skin Factory achieved an average annual growth rate of 297% in the overseas markets and successfully accelerate sales from 6.7 billion won in 2020 to 33.2 billion won in 2022. Roh Hyun-Jun, CEO of The Skin Factory, said, “Through this acquisition, The Skin Factory has successfully expanded its business portfolio to the two major categories ranges – the personal care brand ‘KUNDAL’ and the skincare brand ‘Nacific’, and will focus on maximizing the overseas sales through current well-established partners.” Media contact Company: The Skinfactory Co.,LTD. Contact: JASON CHO Email: wonho.cho@theskinf.com Website: https://www.kundalglobal.com SOURCE: The Skinfactory Co.,LTD. The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

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The Skin Factory (KUNDAL) Acquires Korean Skincare Brand NACIFIC, a Fast-growing K-beauty with the Brand Model “Stray Kids”

Seoul, Korea, January 12, 2023 – (SEAPRWire) – The Skin Factory, known for its personal care brand ‘KUNDAL’, plans to further accelerate its overseas sales growth by acquiring Abill Korea, the owner of the natural beauty brand ‘NACIFIC’, which has a strong presence in the overseas markets. Abill Korea was established in 2014 and has been successful in the overseas markets such as Indonesia, Myanmar, and Japan. Fresh Herb Origin Serum, which became widely known to the public as ‘Yok Serum’, sold more than 1 million bottles since its launch. Abill recorded about 17 billion won in sales last year by expanding its product range to skin care and color cosmetics products with various concept ingredients such as Niacin, CICA, AHA BHA, Salicylic acid, etc. Particularly in 2021, the NACIFC brand has become well known to many overseas fans through its contract with global artist “Stray Kids”, which was NACIFIC’s driving force behind growing 90% of its overseas sales. The Skin Factory has been expanding its business from domestic to overseas markets by focusing on hair care product sales led by the KUNDAL brand. Over the past three years, The Skin Factory achieved an average annual growth rate of 297% in the overseas markets and successfully accelerate sales from 6.7 billion won in 2020 to 33.2 billion won in 2022. Roh Hyun-Jun, CEO of The Skin Factory, said, “Through this acquisition, The Skin Factory has successfully expanded its business portfolio to the two major categories ranges – the personal care brand ‘KUNDAL’ and the skincare brand ‘Nacific’, and will focus on maximizing the overseas sales through current well-established partners.” Media contact Company: The Skinfactory Co.,LTD. Contact: Haeri Cho Website: https://www.kundalglobal.com SOURCE: The Skinfactory Co.,LTD. The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

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Led by Legend Capital, PureFDA Secures Over CNY100 million in the Series B Round

HONG KONG, Nov 10, 2022 - (ACN Newswire via SEAPRWire.com) - Recently, PureFDA Medical Technology (Guangzhou) Co., LTD. (hereinafter referred to as "PureFDA") announced the completion of the Series B round of financing of over CNY100 million, which was led by Legend Capital and followed by the existing shareholder Bayland Capital. This round of funds will mainly be used for the construction of overseas medical device resources, the expansion of the professional talent team, the strategic expansion of the medical devices field, and the upgrading and iteration of the big data information platform.Founded in June 2020, PureFDA is a global-leading SaaS + Data service life science service provider that focuses on whole-process informatization of medical devices going overseas in the global market. Besides, the company is dedicated to providing whole-process consulting services for compliance access to the global market for products such as medical devices, in vitro diagnostics and medical software AI, covering device regulations consultation, local authorized representatives, product certification and registration, overseas clinical trials, technical documentation and system guidance, product testing, etc.Relying on its top-notch expert team with regulatory certification and extensive clinical experience, PureFDA provides one-stop solutions such as whole-process consulting services for compliance access to the global market and overseas clinical trials. The company's service network has spread to 10 countries and regions worldwide, including the United States, Germany, Italy, Spain, Switzerland and Poland. Moreover, it has been doing business with over 100 Chinese and international medical and biotech companies and has been widely recognized by industry insiders. PureFDA has 8 branch companies and possesses scarce clinical resources in the industry. Its overseas clinical centers in Europe and the United States have been certified with qualifications such as CLIA, CAP and ISO 17025.Regarding this financing, MENG Zhu, the founder of PureFDA, said, "Our original intention is to help Chinese medical device enterprises go overseas and expand overseas clinical resources. With 10 major clinical centers, we are committed to creating a one-stop and full-chain service ecosystem. Through the accumulation of experience in the field of computer technology and big data, we empower medical innovation by using the new generation of information technology to establish a standardized and digital system for medical devices going overseas. With the professional consulting service for multinational medical device market access and high-quality overseas clinical resources, PureFDA is capable of meeting the needs of Chinese medical device enterprises for cross-border registration of CROs in multiple countries and categories. PureFDA's development is inseparable from the strong support of new and existing shareholders and customer partners. With the fresh proceeds, we will continue to upgrade the global regulation intelligence platform and help medical device enterprises license-out their products by providing data services such as trade analysis, overseas dealer network and clinical trend research."Joe ZHOU, managing director of Legend Capital, said: "Going overseas has become a consensus in the development of China's medical device enterprises, but it also faces a series of difficulties and challenges, of which the sore points are mainly concentrated in the access and marketing to the overseas market. With the increasing tightening of global device regulations, it is difficult, costly, long cycle, low efficiency and low success rate for enterprises to independently complete overseas access, leading a great need for the assistance of CRO service providers who focus on going overseas. However, the traditional expert CRO services are difficult to meet the diversified demands of the highly dispersed downstream device enterprises for their products to go overseas, and the scale effect and profitability of CRO enterprises also encounter bottlenecks. With its rich overseas clinical resources and new digital CRO services driven by data and algorithms, PureFDA has successfully achieved cross-country, cross-department and cross-category CRO capabilities, as well as significant advantages in cost reduction and efficiency enhancement. PureFDA is a company expected to break the bottleneck of traditional device CRO enterprises and bring disruptive changes in the equipment CRO industry."About Legend CapitalFounded in 2001, Legend Capital is a leading VC&PE investor focusing on the early-stage and growth-stage opportunities in China, with offices across Beijing, Shanghai, Shenzhen, Hong Kong, and Seoul, Korea. It currently manages USD and RMB funds of over US$10 billion in commitments, and has invested in around 600 companies, covering technology, healthcare, consumer, enterprise service and intelligent manufacturing sectors. Rooted in China, Legend Capital participated in the rise of many world-leading companies by solid investment coverage and systematic post-investment value-add. Over the years, Legend Capital has also become a widely recognized name in bridging key resources in China and overseas through cross-border activities, and a valuable partner to Chinese and overseas investors. Legend Capital values long-term sustainable investment and incorporates ESG into its long-term development strategy. As a UNPRI signatory since November 2019, Legend Capital is among the first group of top VC/PE firms in China to join the initiative. For more information, please visit www.legendcapital.com.cn/index_en.aspx and follow us on LinkedIn @Legend Capital (https://www.linkedin.com/company/legend-capital). Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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EQS-News: 51Talk releases first quarter results, announcing spin-off with listed company targeting overseas market

EQS-News / 04/07/2022 / 11:20 UTC+8 51Talk releases first quarter results, announcing spin-off with listed company targeting overseas market On 24 June 2022, 51Talk(COE.US) announced its first quarter 2022 financial results. The report indicates 51Talk has restructured its mainland and overseas business and completed operational restructuring. By spinning off its mainland business from the listed company, 51Talk will focus on developing its overseas English services for children and becoming a listed international online education company. After divesting its mainland business, the negative net assets position of USD 137 million at the end of the quarter shifted to a positive position. In March 2022, revenue from overseas business achieved a positive cash flow in a single month for the first time, showing a strong business performance. Spin-off and Restructuring to Focus on Overseas Markets After the announcement of the "double reduction" policy early in July 2021, 51Talk initiated global expansion efforts in response to regulations on off-campus tutoring. Prior to the release of the 2021 Annual Report, 51Talk CEO Huang Jiajia had also indicated that internal measures would be taken to restructure the company's businesses. Now, 51Talk releases a positive signal through the spin-off as all revenue will be generated from overseas markets, hence achieving positive owners' equity. 51Talk shall focus further on the overseas business of online one-on-one English tuition for children and speed up the implementation of its global strategy, and lower costs and increase efficiency so as to optimize organizational efficiency. The reason for targeting overseas market was that overseas tuition was a market yet to be developed. According to the Grand View Research report, the global market scale of online education in 2021 was USD 107.3 billion and the estimated CAGR of 2028 is 19.9%. Learning English is still a rigid demand for overseas training, especially in southeast Asia, and along with impacts of the recent pandemic, online education is more and more popular among overseas users. As such, 51Talk initiated its global expansion strategy in southeast Asia and will continue its advancement in markets including Middle East, Asia, Europe and America. As an international key player of online education, 51Talk will accelerate the implementation of its global strategy, rely on quality teachers, premium service and product experience, and create enduring innovative growth mechanisms so as to create a leading online global English brand and provide more value to users around the world. 51Talk have grown to cover more than 50 countries and regions, providing English tuition services to users around the world. Overseas profit model acknowledged as cash flow turns positive 51Talk CFO Xu Min said, "An education company needs to undergo three phases before realizing profit. First, achieve a positive operating cash flow. Second, achieve positive inflow of cash contribution. Third, achieve profit in terms of accounting." According to our financial statements, as of the first quarter ended 2022, 51Talk's overseas business have only operated for 8 months and the cash flow has already turned positive in March 2022. This marks 51Talk's first step of making profit. According to the financial statements, the net cash inflow reached USD 5.30 million, increasing 79.9% quarter on quarter, displaying strong business performance. Industry insiders said that the rapid global development of 51Talk was due to a healthy business mode and the core advantage of the combination "Teachers + Product + Technology + Brand". 51Talk is one of the earliest internet education companies in China and dedicated to providing online English tuition for children. 51Talk is also the first online education company in China to be publicly listed in the US. Built on the strong foundation of decades of online teaching experience, 51Talk has a healthy business model and is the first online English education enterprise to make a profit in China. Moreover, 51Talk has a global supply chain of quality native-speaking English teachers and in terms of research and development, 51Talk has independently developed AirClass to provide customized learning solutions for each student to ensure learning results. 51Talk CEO Huang Jiajia said, "The rapid growth of our overseas business confirmed the demand of overseas market and showed its business model is similar to that of mainland business. The success achieved in the Chinese market is a sample that we learnt from and has helped to solve many solutions while entering in global markets. We believe our overseas business may achieve healthy and rapid growth just as our mainland business." In the future, 51Talk shall continue to grow global education business, accelerate its globalization and build its global competitiveness while maintaining rapid growth and creating more value, so as to enable students around the world to enjoy quality English education resources and to communicate with the world.   Brand Name: 51Talk Web site:https://tw.51talk.com/global/course   File: 51Talk releases first quarter results, announcing spin-off with listed company targeting overseas market 04/07/2022 Dissemination of a Financial Press Release, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com

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51Talk releases first quarter results, announcing spin-off with listed company targeting overseas market

On 24 June 2022, 51Talk(COE.US) announced its first quarter 2022 financial results. The report indicates 51Talk has restructured its mainland and overseas business and completed operational restructuring. By spinning off its mainland business from the listed company, 51Talk will focus on developing its overseas English services for children and becoming a listed international online education company. After divesting its mainland business, the negative net assets position of USD 137 million at the end of the quarter shifted to a positive position. In March 2022, revenue from overseas business achieved a positive cash flow in a single month for the first time, showing a strong business performance. Spin-off and Restructuring to Focus on Overseas Markets After the announcement of the "double reduction" policy early in July 2021, 51Talk initiated global expansion efforts in response to regulations on off-campus tutoring. Prior to the release of the 2021 Annual Report, 51Talk CEO Huang Jiajia had also indicated that internal measures would be taken to restructure the company's businesses. Now, 51Talk releases a positive signal through the spin-off as all revenue will be generated from overseas markets, hence achieving positive owners' equity. 51Talk shall focus further on the overseas business of online one-on-one English tuition for children and speed up the implementation of its global strategy, and lower costs and increase efficiency so as to optimize organizational efficiency. The reason for targeting overseas market was that overseas tuition was a market yet to be developed. According to the Grand View Research report, the global market scale of online education in 2021 was USD 107.3 billion and the estimated CAGR of 2028 is 19.9%. Learning English is still a rigid demand for overseas training, especially in southeast Asia, and along with impacts of the recent pandemic, online education is more and more popular among overseas users. As such, 51Talk initiated its global expansion strategy in southeast Asia and will continue its advancement in markets including Middle East, Asia, Europe and America. As an international key player of online education, 51Talk will accelerate the implementation of its global strategy, rely on quality teachers, premium service and product experience, and create enduring innovative growth mechanisms so as to create a leading online global English brand and provide more value to users around the world. 51Talk have grown to cover more than 50 countries and regions, providing English tuition services to users around the world. Overseas profit model acknowledged as cash flow turns positive 51Talk CFO Xu Min said, "An education company needs to undergo three phases before realizing profit. First, achieve a positive operating cash flow. Second, achieve positive inflow of cash contribution. Third, achieve profit in terms of accounting." According to our financial statements, as of the first quarter ended 2022, 51Talk's overseas business have only operated for 8 months and the cash flow has already turned positive in March 2022. This marks 51Talk's first step of making profit. According to the financial statements, the net cash inflow reached USD 5.30 million, increasing 79.9% quarter on quarter, displaying strong business performance. Industry insiders said that the rapid global development of 51Talk was due to a healthy business mode and the core advantage of the combination "Teachers + Product + Technology + Brand". 51Talk is one of the earliest internet education companies in China and dedicated to providing online English tuition for children. 51Talk is also the first online education company in China to be publicly listed in the US. Built on the strong foundation of decades of online teaching experience, 51Talk has a healthy business model and is the first online English education enterprise to make a profit in China. Moreover, 51Talk has a global supply chain of quality native-speaking English teachers and in terms of research and development, 51Talk has independently developed AirClass to provide customized learning solutions for each student to ensure learning results. 51Talk CEO Huang Jiajia said, "The rapid growth of our overseas business confirmed the demand of overseas market and showed its business model is similar to that of mainland business. The success achieved in the Chinese market is a sample that we learnt from and has helped to solve many solutions while entering in global markets. We believe our overseas business may achieve healthy and rapid growth just as our mainland business." In the future, 51Talk shall continue to grow global education business, accelerate its globalization and build its global competitiveness while maintaining rapid growth and creating more value, so as to enable students around the world to enjoy quality English education resources and to communicate with the world.   Brand Name: 51Talk Web site:https://tw.51talk.com/global/course

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Jinjiang Wulin Qiaopi Hall Included in UNESCO’s Memory of the World Register

Jinjiang, China, Jul 2, 2021 - (ACN Newswire via SEAPRWire.com) - With the recent approval of UNESCO Memory of the World Program's Sub-Committee on Education and Research and the National Archives Administration of China, the Fujian Provincial Archives and Jinjiang Municipal Archives jointly established Jinjiang Wulin Qiaopi Hall as the practice base of the "Memory of the World Program Knowledge Center - Fujian". Wulin Qiaopi Hall.Citizens read Qiaopi at Wulin Qiaopi Hall.Simulation of Qiaopi Office at the first floor.It is reported that the MoW Knowledge Center - Fujian is located in the Fujian Provincial Archives, which is responsible for assisting the China National Committee of the Memory of the World Program and the UNESCO Memory of the World Program's Sub-Committee on Education and Research. It aims at strengthening the research on the value of the Qiaopi archives, developing different forms of archival products and promoting the communication, promotion and utilization of the MoW program across countries, regions, and communities.Qiaopi, commonly known as "Fanpi" and "Yinxin", is a collective term for letters and remittances sent home by overseas Chinese through private channels. The name "Qiao (overseas Chinese) Pi" came as the Southern Min dialect pronounces "xin (letter)" as "pi". The hall reminds people of how the Qiaopi Office operated during the period of the Republic of China. People can request a letter from an old writer here. Also, they may interpret the stories of overseas Chinese entrepreneurs from the aged Qiaopi and their belongings, and feel their patriotism, love for hometown, and zeal for public welfare. It is an immersive cultural experience. People can view the development history of Jinjiang as an Overseas Chinese Hometown, and appreciate the overseas Chinese culture of Jinjiang and even Fujian Province. The base will serve as a demonstration center to promote Qiaopi culture in Fujian Province. It will work with the MoW Knowledge Center - Fujian to build a conservation, research and promotion platform of Qiaopi archival legacies with local characteristics and to add another popular travel destination to inherit and develop the "Jinjiang Experience" of innovation and development.Contact:Lisa Wu, lisa_wu916@163.com http://www.jinjiang.gov.cn/xxgk/gzdt/jjyw/202106/t20210622_2576937.htm Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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OCS 2020 Renewal and Upgrading with New Formats

Guangzhou, China, Dec 12, 2020 - (ACN Newswire) - The 2020 Convention on Exchange of Overseas Talents and the 22nd Guangzhou Convention of Overseas Chinese Scholars in Science and Technology (together, "OCS 2020") will be held on December 18 & 19 in Guangzhou, co-hosted by the Ministry of Education, Western Returned Scholars Association and Guangzhou Municipal Government, and run by 29 cities (Institutions), including Beijing, Tianjin, Shanghai, Chongqing, and others.OCS, known as the largest and most influential event of its kind and an exchange platform of the highest calibre, encouraging innovation and entrepreneurship among overseas students, is now in its 22th year. On the basis of its previous successes, the 2020 OCS will be held both online + offline, complemented with overseas sessions.> Transition to market orientation - establishing market mechanisms and mobilizing multiple entities:OCS 2020 will mobilize multiple market entities, expands various cooperation channels, and introduce professional service agencies from different industries including human resources, investment & financing, business incubation, and science and technology services to jointly build a platform, supporting innovation and entrepreneurship through full-chain services.> Strengthening global presence - overseas sessions in 8 countries:By integrating international resources and holding overseas sessions in the Greater Bay Area of Guangdong, Hong Kong and Macao, San Francisco, Tokyo, the UK, Germany, Belgium, Israel, Belarus, and other regions, OCS 2020 is expanding its global reach and facilitating the participation of overseas students.> Enhancing specialization - strategically focusing on emerging industries including biopharmaceuticals:With a focus on fields such as biomedicine, artificial intelligence, marine economy, OCS 2020 will hold a series of professional activities and sections on biomedicine. Four provincial laboratories on Guangzhou's '1+4+4+N' high-end strategic innovation platform system will also appear at the convention.> Shaping brand image - developing a full-chain service through technological innovation:The 2020 Convention will leverage more social capital investment by means of technology and finance, establish a full-chain service system, and continuously exert the effect of "China's first brand for overseas student exchange"> Intelligent convention - OCS goes virtual with information technology:OCS 2020 embraces digital transformation, making full use of information technology in building the Yunhaihui platform - OCS online. With high-level talent, its project database, and the online demand for services incorporating collection, analysis, tracking and matching across platforms, OCS becomes a provider of specialized quality services using market forces, transforming itself into a service platform.Media contact:Zhao GuangwenGuangzhou Corkin Group Co., Ltd.E: wendyZHAO@ocs-gz.netT: +86-20-81536807U: https://ocs-gz.org.cnSource:http://ocs-gz.org.cn/http://kjj.gz.gov.cn/gkmlpt/content/6/6520/post_6520962.html#282 Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

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