Posted on

IBI Announces Acquisition of Strategic Property Investment in Europe

HONG KONG, May 27, 2022 - (ACN Newswire via SEAPRWire.com) - IBI Group Holdings Limited ("IBI" or the "Group"; Stock Code: 1547), an investment holding company which specialises in the built environment including subsidiaries providing contracting services, distribution of high-tech and innovative building products including energy efficient lighting and air quality monitoring devices, has concluded the acquisition of a strategic property investment in Dublin, Ireland ("Acquisition"), through its indirect subsidiary, IBI International Investment Holdings Limited ("IBI International Investment" or the "Company") at the consideration of approximately HK$113 million. IBI has acquired Adelaide Chambers within the heart of Dublin city centre's central business district for strategic investment purposesThe Group has been looking in detail at a wide range of investment opportunities to generate stable cash flow and income. The Acquisition is a multi-tenanted period building located at Adelaide Chambers, Adelaide Square, Peter Street, Dublin 8, Ireland ("Property") within the heart of Dublin city centre's central business district, situated 400-metres West of St. Stephens Green. With a 4-storey over basement and modern 4-storey extension to its eastern side, the Property provides over 19,600 sq. ft. of commercial office space and 31 basement car parking spaces. The Group believes there is significant potential for capital appreciation of the Property in the future, as a result of property upgrading works and lease renewals. Mr. Neil Howard, Chairman and CEO of IBI, said, "We have been exploring a wide variety of strategic investment opportunities that will bring significant additional value to the Group and our shareholders. Leveraging our strong financial position, we believe the Acquisition is an excellent opportunity for IBI to enter the property investment sector in Ireland, one of Europe's major commercial and tourist centres. Given the economic importance of Dublin's central business district and the development prospects of the Property, we are confident and pleased that the Acquisition will generate an additional, stable stream of income for the Group.About IBI Group Holdings Limited (stock code: 1547)IBI Group Holdings Limited is a listed holding company on the Main Board of the Hong Kong Stock Exchange and the Group is principally focused on investments in the built environment. The core investment sectors of the Group include a building and fitting-out contractor, a business providing innovative and energy efficient lighting and air quality monitoring products and, an investment entity looking at opportunities in property development and other built environment opportunities. The mission of the Group is to deliver premium products, services and customer experiences with a strong influence of innovation, sustainability and environmental sensitivity. For more information, please refer to IBI's website: https://ibighl.com/. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Read More
Posted on

HG Semiconductor Announces Establishment of Global Strategic Advisory Committee

HONG KONG, Jan 10, 2022 - (ACN Newswire via SEAPRWire.com) - HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group", Stock Code: 6908.HK) is pleased to announce its establishment of its Global Strategic Advisory Committee with an aim to strengthen the Group's business operations. The Advisory Committee initially consists of three members - Mr. Sonny Wu ("Mr. Wu") was appointed as chairman of the Global Strategic Advisory Committee, while Mr. Kenneth James Bradley ("Mr. Bradley") and Mr. Tang Yin Man ("Mr. Tang") were appointed as members of the committee. The committee will report and advise the management of the Group with sound strategic and tactical advice on issues that the Group may face from time to time, including but not limited to matters relating to the gallium nitride ("GaN") and semiconductor industry, including factory localisation in Hong Kong, China and global supply chain programmes.Mr. Sonny Wu, chairman of the Global Strategic Advisory Committee, is currently the Chairman of GoldenSand Capital Ltd with a special investment focus in the realms of semiconductors, new materials and new energy, including Silevo Solar (acquired by Tesla/SolarCity in 2014), SEEO, Inc solid-state battery (the world's first solid-state battery company, acquired by Robert Bosch GmbH in 2013) and Advanced Lithium Electrochemistry (Cayman) Co. Ltd. (world's leading supplier of high-end lithium iron phosphate battery cathode materials, and its cumulative shipments of high-end products ranking first in the world) etc. Mr. Wu led the development of the first batch of semiconductor factory in China in 1993 and worked together with Mr. Bradley to localise the first BiCMOS manufacturing line in China, which has become what is known today the factory for GTA Semiconductors (formerly known as Shanghai Advanced Semiconductors). He has made contributions in technology and industrial investments in the past 20 years and has extensive management and notable investment experience in the field of semiconductor, as well as solar technology, new energy solution, battery and fast charging solution. He studied at the University of British Columbia, Canada and University of California, Berkeley and Massachusetts Institute of Technology ("MIT"). He served as the Sloan Fellows' Board of Governors at MIT for 5 years.Mr. Kenneth James Bradley, one of the members of the Global Strategic Advisory Committee, is currently the founder, chief executive officer and chairman of Lytica Inc., an electronics component supply chain analytics and risk intelligence company. Mr. Bradley has over 40 years of experience in the electronics industry and was formerly the chief executive officer of Coresim Inc, a leader in advanced design analysis and redesign services. Mr. Tang Yin Man, another committee member, possesses extensive experience in strategic investment and portfolio management worldwide and has worked on technology investment in new materials and also EV space. He also worked in numerous leading investment management companies in Europe and Asia for over 22 years.The management of the Group would like to express their warmest welcome to Mr. Wu, Mr. Bradley and Mr. Tang for joining the Global Strategic Advisory Committee, sharing their valuable insights in the Group's third-generation semiconductor business, future strategic investment and development. With their extensive experience in the semiconductor industry, the three committee members will lead HG Semiconductor to design and produce leading-edge semiconductor products in the long run in future, enabling the Group to stand out in the highly competitive market. The management believes that, with the support from the members of the Global Strategic Advisory Committee, the Group is capable of building a world-class third-generation semiconductor industry chain platform leveraging its accumulated experience and competitive edge in the semiconductor industry, striving to further enhance its business performance and create long-term value for shareholders.About HG Semiconductor LimitedHG Semiconductor Limited (6908.HK) is principally engaged in semiconductor product business in China, including the design, development, manufacturing, subcontracting services and sales of light-emitting diode ("LED") beads and a new generation of semiconductor gallium nitride ("GaN"). The Group is committed to accelerating its research and development and expansion in the application of GaN related products, with an aim to become a leading semiconductor company with the integration of design, manufacturing and sales of semiconductor chips, as well as providing total solutions with higher efficiency and competitive system cost.For more details, please visit www.hg-semiconductor.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Read More
Posted on

Fujitsu Launches Global Strategic Partner Academy Program to Tackle Global IT Skills and Experience Shortage

TOKYO, Dec 13, 2021 - (JCN Newswire via SEAPRWire.com) - Fujitsu today announces an ambitious Global Strategic Partner Academy program designed to address increasingly critical skills shortages. With a focus on Fujitsu employees, apprentices and new recruits, the Global Strategic Partner Academy program will offer training, re-training and experience-based development opportunities in collaboration with global partners on a virtual platform.Fujitsu's objective is to create a global community of digital specialists to help its customers navigate challenges in their sector and in society. As a result, customers can ensure they remain at the cutting edge of technology innovation.Today, the global IT industry currently faces millions of unfilled vacancies for people with the digital skills needed for sustainable economic and social development. Demand is currently even stronger due to a widespread rebound for the global economy as the world looks ahead to the future easing of pandemic restrictions. A recent World Economic Forum paper identified challenges across Europe, North America, Singapore and Australia and in China the workforce gap now stands at 11.8 million workers annually. The IT industry is particularly exposed, with a long-standing skills shortage challenge. A September 2021 survey from industry analyst firm Gartner confirmed that talent shortages remain the most significant barrier to technology adoption.To address this challenge, Fujitsu - in collaboration with strategic partners ServiceNow, SAP, and Microsoft - is launching its Global Strategic Partner Academy. The initiative represents a significant investment to equip employees to deliver innovative digital transformation for customers long into the future.Fujitsu will open availability to existing and potential IT industry employees worldwide, providing recruits with lifelong skills development and career progression opportunities. As a result, it is lowering the barriers to entry in acquiring technology skills, promoting opportunities and support to socio-economic groups who may not normally consider careers in the IT sector.Tim White, Head of Global Services Business Group at Fujitsu, comments, "It is only by challenging and changing existing ways of working that Fujitsu can fulfil its Purpose - to make the world more sustainable by building trust in society through innovation. With the Academies we aim to create sustainability and improve society through technological innovation, in line with the UN's goals in the Universal Declaration of Human Rights. By investing in people for the long term in this way, we democratize access to skilled digital jobs. Together - Fujitsu, our partners and our customers - we can jointly realize the full potential of the digital era."Joint approach with strategic partnersFujitsu's Global Strategic Partner Academy is designed and operated based on a close working relationship with strategic technology partners ServiceNow, SAP, and Microsoft. This ecosystem approach accelerates the dissemination of expertise in crucial business technologies. As a result, the Global Strategic Partner Academy will provide a focal point for the best practitioners of these technologies to continue to progress, equip and update their knowledge for future projects, while strengthening Fujitsu's overall service delivery capabilities.Contribution to achieving UN SDGsFujitsu's purpose is a promise to contribute to the vision of a better future empowered by the United Nation's Strategic Development Goals. In establishing the Global Strategic Partner Academy, Fujitsu contributes to achieving these goals through collaboration with its technology partners.SDG10 Reduced Inequalities: Diversity and inclusion (D&I) and inequality reduction are specific project themes of the Global Strategic Partner Academy. Fujitsu supports these goals by ensuring full and effective participation and equal opportunities for leadership for women and by enhancing the use of enabling technology to promote women's empowerment.SDG4 Quality Education: Fujitsu supports this goal by ensuring equal access for women and men to quality technical education (target 4.3) while also increasing the number of adults with relevant technical skills (4.4) and at the same time eliminating bias and ensuring inclusive access to vocational training (4.5).SDG8 Decent Work and Economic Growth: Fujitsu supports this goal by focusing on high-value-added sectors (target 8.2) and supporting decent job creation and innovation (8.3) that will achieve full and productive employment (8.5).About the Fujitsu AcademyThe Fujitsu Academy goes beyond developing and certifying based purely on knowledge. The approach also invests in experience to support employees being "customer ready" in the value they can bring. This is a long-term approach to underpin the strategic business focus, offering regular knowledge and opportunities to refresh experience and support employees throughout their careers. The Academy has been established and launched worldwide. It is inclusive and diverse in participation and approach, with the design team encompassing 15 different nationalities.Academy: Benefits to EmployeesThe Global Strategic Partner Academy will offer benefits to existing Fujitsu employees, ensuring that they can continuously expand their skillsets, progress in their careers, and bring the latest thinking to customer projects. This will also ensure that Fujitsu represents an attractive proposition for future employees.Academy: Content DevelopmentEvery worldwide academy will share content and standardize the description of roles, opportunities and career progression based on industry best practices. Their approach to building skills or expertise will also be the same for participants regardless of their geographic location.About FujitsuFujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 126,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$34 billion) for the fiscal year ended March 31, 2021. For more information, please see www.fujitsu.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

Read More
Posted on

Establishment of Quantum Strategic Industry Alliance for Revolution (Q-STAR)

TOKYO, Sep 1, 2021 - (JCN Newswire via SEAPRWire.com) - The Founders' Association of the Council for New Industry Creation through Quantum Technology was formed on May 31, 2021 to advance preparations for establishing an industry council to promote initiatives in quantum technologies. Today, the 24 companies of the association, at their general meeting, formally established the council under a new name, the Quantum Strategic Industry Alliance for Revolution: Q-STAR.The quantum age is now approaching and expectations are growing worldwide for the realization of safe, secure lifestyles and a better society. Japan aims to position itself as a quantum technology innovation-oriented nation, and to create new industries through services that leverage its strengths in materials, devices, measuring technologies, computers and communications, simulations and other technologies. Q-STAR will contribute to this with global leadership in the promotion of activities that advance science and technology in this new era, and by promoting Japanese industry and strengthening international competitiveness.Q-STAR will invite the participation of diverse industries that support its objectives and initiatives, and will collaborate with industry, academia, and government in promoting initiatives that apply new technologies, and establishing related technology platforms. Q-STAR's concerns include reassessments of basic principles and laws related to quantum technology, carrying out surveys and making recommendations on its applicability and on necessary industrial structures, systems, rules, etc. Q-STAR will also aim to establish a globally-recognized platform that will promote collaboration with other organizations around the world working in quantum technology.Outline of Q-STAR:Name: Quantum Strategic Industry Alliance for RevolutionEstablished: September 1, 2021Form of Establishment: Voluntary associationSteering Committee Members:- Satoshi Tsunakawa, Representative Executive Officer, President and CEO, Toshiba Corporation (Chair)- Takeshi Uchiyamada, Representative Director, Chairman of the Board of Directors, Toyota Motor Corporation- Nobuhiro Endo, Chairman of the Board, NEC Corporation (Vice-Chair)- Hiromichi Shinohara, Chairman of the Board, Nippon Telegraph and Telephone Corporation (Vice-Chair)- Toshiaki Higashihara, Director, Representative Executive Officer, Executive Chairman & CEO, Hitachi, Ltd. (Vice-Chair)- Takahito Tokita, Representative Director, CEO and CDXO, Fujitsu Limited (Vice-Chair)Masayuki Waga, President & CEO, Mitsubishi Chemical Corporation (Vice-Chair)Members of Q-STAR: 24 companies (random order):- ITOCHU Techno-Solutions Corporation (CTC)- SBS Holdings, Inc.- Canon Inc.- JSR Corporation- Sumitomo Corporation- SOMPO Holdings, Inc.- Dai-ichi Life Insurance Company, Ltd.- Dai Nippon Printing Co., Ltd.- Daiwa Securities Group Inc.- Chodai Co., Ltd.- Tokio Marine Holdings, Inc.- Toshiba Corporation- Toppan Inc.- Toyota Motor Corporation- NEC Corporation- Nippon Telegraph and Telephone Corporation- Hitachi, Ltd.- Fujitsu Limited- Mizuho Financial Group, Inc.- Mitsui Sumitomo Insurance Company, Ltd.- Sumitomo Mitsui Financial Group, Inc.- Mitsui & Co., Ltd.- Mitsubishi Chemical Corporation- Mitsubishi Electric CorporationMain activities of Q-STAR:1. Investigate and research trends in quantum technologyInvestigate and research general trends in quantum technology, and share information among top management within industry2. Investigate, research, and propose industrial applications of quantum technologyInvestigate and research applicability in multiple fields3. Investigate and examine quantum-related technologiesInvestigate, examine and share information on materials and devices required for quantum technology4. Investigate, plan, and make proposal for required human resourcesInvestigate, plan, make proposals and exchange opinions on how to develop the human resources needed to make full use of quantum technology5. Investigate and examine systems and rulesInvestigate and examine necessary information on intellectual property and standardization, ethics and trust required for the implementation of quantum technology6. Collaborate with quantum-related organizations in Japan and overseasCooperate with other organizations, both domestic and overseas, working in quantum-related areas, in order to promote Q-STAR's objectives7. OthersRaise public awareness, make policy recommendations, etc.Activities of the Subcommittees:Q-STAR will identify areas to investigate in information and communication technology (quantum computing, quantum cryptography, etc.), basic technologies (materials, devices, etc.), important application areas (quantum materials, quantum biology/ medicine, quantum biotechnology, quantum sensors, quantum AI, etc.), human resources, systems and rules, etc., and establish further subcommittees as necessary.- Subcommittee on Quantum Wave and Quantum Probability Theory ApplicationsTasked with exploring the creation of new industries using quantum amplitude estimation and optimization. The objective is to create industries with the potential to become mainstays in various areas while also spanning multiple industries, including the financial sector, which has a close affinity with these technologies.- Subcommittee on Quantum Superposition ApplicationsTasked with taking a broad view of the systems, services, and businesses created by the application of quantum superposition, the most important capability of quantum computers. It will also examine changes in existing industries and industry structures that will result. By collaborating with users and vendors to draw a new image of society, the aim is to create new industries that will become future pillars and mainstays of industry, and that span multiple industries.- Subcommittee on Optimization and Combinatorial ProblemsTasked with using quantum-inspired computing technology (Ising Machine) that almost instantaneously selects the optimum solution from among an enormous number of combinations to solve diverse problems facing industry in areas including real-time prediction, efficiency, and optimization.- Subcommittee on Quantum Cryptography and Quantum CommunicationsTasked with examining business use of quantum cryptography communication, a technology already available, and aim to open up a future pioneered by communications that guarantee information-theoretically security.About FujitsuFujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 126,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$34 billion) for the fiscal year ended March 31, 2021. For more information, please see www.fujitsu.com.For the mediaQ-STAR press contact:Toshiba CorporationCorporate Communications Division, Media Relations OfficePhone: +81-3-3457-2100Note: Please contact individual member companies directly with inquiries related to their specific activities. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

Read More
Posted on

Quantron Supports IKEA’s Emissions-free Delivery

HONG KONG, Aug 17, 2021 - (ACN Newswire via SEAPRWire.com) - Quantron, strategic partner of Ev Dynamics, delivers 30 electric vans to IKEA Austria.Andreas Haller, founder and CEO of Quantron AG (left), hands over a symbolic key for the delivered vehicles to Claes Lindgren, Country Customer Fulfillment Manager IKEA Austria (right)Quantron AG, handed over the first set of 100% emission-free vans to IKEA Austria, this week. The international furniture company IKEA has set itself the goal of becoming climate-positive by 2030. The e-mobility specialist Quantron supports IKEA in this mission and supplies the IKEA logistics center near Vienna with 30 environmentally friendly e-vehicles. The Germany based Quantron AG is strategic partner of Ev Dynamics.Quantron's first all-electric Q-Light was already used for extensive testing at the logistics center in June. With a range of at least 170 km, a drive power of 100 kW and a maximum charging power of 70 kW, the e-transporters are ideally equipped for routes between IKEA locations and customers' delivery addresses. Initially, the vehicles will be used for deliveries to all 23 of Vienna's municipal districts and within a 30 km radius of the logistics center. Andreas Haller, founder and CEO of Quantron AG: "We are pleased to be able to support IKEA with our knowledge and expertise in this important step towards emission-free delivery. Quantron is proud to help companies like IKEA with our many years of e-mobility experience and our international network to make the switch to emission-free freight transport."Miguel Valldecabres Polop, CEO of Ev Dynamics, said: "Ev Dynamics and Quantron entered into a share swap agreement on 29 July 2021. Ev Dynamics is proud as investor and strategic partner for the win of this new business opportunity for Quantron AG."About Ev Dynamics (Holdings) Limited (Stock Code: 476)Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China's new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power systems and their key components. The Group has a production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America. About Quantron AGQuantron AG is a provider of clean battery and hydrogen-powered e-mobility systems for commercial vehicles such as trucks, buses and vans. In addition to new electric vehicles, the wide range of services offered by the innovative solutions include the electrification of used and existing vehicles, the creation of individual overall concepts including the appropriate charging infrastructure as well as rental, financing and leasing services and driver training. Quantron AG also sells batteries and integrated customised electrification concepts to manufacturers of commercial vehicles, machinery and intralogistics vehicles. The German company from Augsburg in Bavaria is a pioneer and innovation driver for e-mobility in passenger, transport and freight traffic.You can find more information at www.quantron.netVisit the Quantron AG on its social media channels on LinkedIn ( https://www.linkedin.com/company/quantron-ag ) and YouTube ( https://www.youtube.com/channel/UCDQ-CKkS8XMHcJ9Ze-6UVNA )Media EnquiryStrategic Financial Relations LimitedVicky Lee +852 2864 4834 vicky.lee@sprg.com.hkPhoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hkEddie Li +852 2114 4170 eddie.li@sprg.com.hkWebsite: www.sprg.com.hkQuantron AGVolker Seitz 0049-821-789840-86 press@quantron.netYou can find the original photo in low and high resolution here: Press releases from Quantron AG (https://www.quantron.net/en/q-news/pr-berichte/) Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

Read More
Posted on

VOLUNTARY ANNOUNCEMENT STRATEGIC COOPERATION INTENTION AGREEMENT

HONG KONG, Jun 7, 2021 - (ACN Newswire via SEAPRWire.com) - The Board is pleased to announce that on 2 June 2021, and the Company received the executed copy of the Strategic Cooperation Intention Agreement on 7 June 2021, (i) HMT; (ii) Shenzhen Tengshe; and (iii) BAce Fund LP, entered into the Strategic Cooperation Intention Agreement in relation to the cooperation between the Parties for the development in financial technology and third party payment business in Vietnam. THE STRATEGIC COOPERATION INTENTION AGREEMENTSet out below are the details of the Strategic Cooperation Intention Agreement.Date : 2 June 2021Parties:(i) Hong Kong Macau Technology Holding Limited, a wholly owned subsidiary of the Company; (ii) Shenzhen Tengshe Network Technology Company Limited*, a company established in the PRC; and(iii) BAce Fund LP, an Internet investment fund established by Ant Group (one of the controlling shareholders is Alibaba Group Holdings Co., Ltd.) and an internationally renowned investment institution.To the best of the Directors' knowledge, information and belief having made all reasonable enquiries, Shenzhen Tengshe, BAce Fund LP and their respective ultimate beneficial owners are third parties independent of the Company and its connected persons (as defined in the Listing Rules).The Strategic Cooperation Intention Agreement is not and shall not constitute any agreement.In relation to any specific cooperation projects, the parties to the Strategic Cooperation Intention Agreement shall enter into a formal cooperation agreement based on cooperation needs.The cooperationPursuant to the Strategic Cooperation Intention Agreement, HMT is responsible for coordinating the commencement of financial technology with the Parties in Vietnam and the relationship between the Parties in the third-party payment project (including but not limited to the relevant business competent authorities in Vietnam) and business partners to ensure that all tasks can be carried out smoothly.Shenzhen Tengshe agrees to provide technical support in relation to the third-party payment and fintech businesses carried out by HMT and its partners in Vietnam.BAce Fund LP agrees to provide capital and technical input support for HMT and Shenzhen Tengshe to develop fintech, third-party payment and other businesses in Vietnam.INFORMATION OF SHENZHEN TENGSHEShenzhen Tengshe, an Independent Third Party, has a strong fintech team with relevant development experience. It is an integrated Internet service provider engaging in research and development and operation of online platform. It also has strong operating experience and technical participation in the field of third-party payment.INFORMATION OF BACE FUND LPBAce Fund LP, an Independent Third Party, is an Internet investment fund established by Ant Group and an internationally renowned investment institution. is a company dedicated to investing in early stage companies in emerging economies focusing on Southeast Asia whileAnt Group Co. Ltd is an innovative technology provider that commits to bringing inclusive benefits to the world and owns and operates a world-renowned third-party payment platform - Alipay.REASONS FOR ENTERING INTO THE STRATEGIC COOPERATION INTENTION AGREEMENTIn the past 20 years, Vietnam's economic growth rate has exceeded 5%, making it one of the fastest and most stable emerging countries in terms of economic growth. According to the relevant report of PWC, Vietnam's mobile payment growth rate is among the forefront of emerging market economies. Backbase, a digital banking company, predicts that by 2025, the scale of mobile payments in Vietnam is expected to grow by 400%. Due to the huge market of financial technology and related industries in Vietnam, the Directors are of the view that the entering into the Strategic Cooperation Intention Agreement allows the Company to participate into the financial technical business, including third party payment business, through cooperation in technical and capital field with Shenzhen Tengshe and BAce Fund LP and therefore it is in the interest of the Company and its shareholders as a whole.DEFINITIONSIn this announcement, the following expressions shall, unless the context requires otherwise, have the following meanings:"BAce Fund LP" BAce Fund LP, a fund established in the Cayman Islands which are beneficially owned as to 50% by BAce Holding Ltd. and 50% by Ant Group Co., Ltd."Board" the board of Directors"Company" Sino Prosper (Group) Holdings Limited, a company incorporated in the Cayman Islands with limited liability and the Shares are listed on the Stock Exchange"Director(s)" the director(s) of the Company"Group" the Company and its subsidiaries"HMT" Hong Kong Macau Technology Holding Limited, a wholly owned subsidiary of the Company"Hong Kong" the Hong Kong Special Administrative Region of the PRC"Independent Third Party(ies)" party(ies) who is (are) not connected person(s) of the Company and its subsidiaries and is (are) third party(ies) independent of the Company and connected persons of the Company"Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange"Parties" HMT, Shenzhen Tengshe and BAce Fund LP"PRC" the People's Republic of China"Shenzhen Tengshe" Shenzhen Tengshe Network Technology Company Limited*"Stock Exchange" The Stock Exchange of Hong Kong Limited"Strategic Cooperation Intention Agreement" the strategic cooperation intention agreement dated 2 June 2021 entered into between HMT, Shenzhen Tengshe and BAce Fund LP"Vietnam" the Socialist Republic of VietnamBy Order of the BoardSino Prosper (Group) Holdings LimitedLeung Ngai ManChairman and Executive DirectorHong Kong, 7 June 2021As at the date of this announcement, the executive Directors of the Company are Mr. Leung Ngai Man and Ms. Wong Li Fong, and the independent non-executive Directors of the Company are Mr. Miao Yanan, Mr. Cai Wei Lun and Mr. Zhang Qingkui.*For identification purpose only Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

Read More
Posted on

TIME Interconnect Technology Limited 2020 Corporate Overview

HONG KONG, Jan 25, 2021 - (ACN Newswire) - Despite the negative impact of COVID-19 on the global economic growth in the past year, the Group obtained solid financial performance.The Group has set up a "Strategic Business Development Task Force", to formulate long-term business strategies for the Group, its main responsibilities are to formulate long-term business strategies for the Group, accelerate the development of new markets and strategic customers for both cable assembly and networking cables business.The Group has gained trial orders from a new prestigious customer for industrial equipment products in March 2020, which has become one of the Group's major revenue contributors in this sector. The Group has successfully acquired Linkz Cables Limited and its subsidiaries on 30 June 2020, which will help to broaden the Group's revenue base and mitigate its risk of customer concentration by merging with the diverse customer base of Linkz.The Group's wholly-owned subsidiary Linkz Industries (Suzhou) Limited has achieved ISO14064 accreditation on environmental control in July 2020, being the first wire and cable company in Asia to receive the Greenhouse Gas verification from Underwriters Laboratories Inc. The verification has fully reflected Linkz Ind (Suzhou)'s unremitting efforts in strengthening environmental protection. The Group issued POSITIVE PROFIT ALERT on 19 Oct 2020.The Group has kept enhancing business operations to capitalise on an eventual market turnaround. With Linkz's technical know-how in the next-generation networking cables, the Group is in a better position to capture the evolving opportunities brought by the rapid development of 5G technology, and strategically improves the Group's defence position amid the global economic uncertainties.2020 Annual General MeetingThe Group held its Annual General Meeting on 28 August 2020. Due to the pandemic, it was held through a live broadcast in TIME's office. This was the first time the Group has used hybrid meeting.2020/2021 Interim ResultsThe Group reported its interim results for the six months ended 30 September 2020, with a revenue of HK$1,441.7 million. Its gross profit has climbed to HK$303.8 million, representing a y-o-y increase of 8.0%. Operating profit was up to HK$190.2 million, representing a y-o-y increase of 15.0%, with the operating profit margin improved 2.3% to 13.2%. The Group's basic earnings per share was HK7.1 cents. Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com

Read More
Posted on

TOT BIOPHARM International Company Limited Optimises Company Management Structure to Promote Strategic Development Upgrade

HONG KONG, Oct 16, 2020 - (ACN Newswire) - TOT BIOPHARM International Company Limited ("TOT BIOPHARM" or the "Company"; stock code: 1875.HK), is pleased to announce that Ms. Yeh-Huang, Chun-Ying, Executive Director, has been appointed as Vice Chairman of the Board while she has resigned as General Manager of the Company. Besides, it has also announced that Dr. Liu, Jun has been appointed as Chief Executive Officer of the Company and will cease to act as Chief Operating Officer and Vice General Manager.Mr. Fu, Shan, Chairman of the Board of the Company, said, "To implement the strategic development plan of the Company in the next decade, the appointments of the Board and the management will be conducive to optimising the Company's management structure, or initiating a long-term succession plan for the management, so that the Company will achieve long-term sustainable development and be fully equipped to enter the commercialization development stage. Also, this move will enhance the development of the Company's overseas R&D projects and international cooperation projects, promoting its strategic deployment of internationalization."Ms. Yeh-Huang has established a comprehensive industrial chain platform for the Company, laying major milestones as well as a solid foundation for its long-term development. She will also continue to promote the Company's strategic development, enhancing its brand recognition and public relations.As a scientist and senior management of the Company, Dr. Liu has been deeply involved in the R&D of biological drugs for years and also possesses profound experience in internationalization management. After taking the helm of CEO, the Board believes that Dr. Liu will continue to pursue the Company's strategic goal of developing TOT BIOPHARM into a leader in the field of China's antibody drug conjugate ("ADC") and establish a competitive CDMO business platform, leading the Company to scale new heights.Dr. Liu, Jun, aged 53, joined the Company as Deputy General Manager in October 2016, and was appointed as Executive Director, Chief Scientific Officer and Chief Operating Officer in October 2018, March 2019 and April 2020, respectively. He also serves as a member of the Strategic Committee, and is responsible for the Company's R&D, supervising overall operations as well as business development.Before joining the Company, Dr. Liu was the Senior Scientist of Bayer HealthCare's Global Biologics Development Group in Berkeley, the US, the Chief Researcher of Immunology Department at Beckman Research Institute in California, the US, and also the Executive Director of Biologics Research and Development Department at Shanghai ChemPartner Co., Ltd.Dr. Liu possesses a professional background with international exposure, holding a PhD in Bioanalytical Chemistry from the University of California, Davis in the US and a Bachelor's degree in Chemistry from the University of Science & Technology of China. Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

Read More