pr

 

  • QBiotics receives first registration for tigilanol tiglate with European Medicines Agency approval of Stelfonta(R)
    STELFONTA® (tigilanol tiglate) approved by the European Medicines Agency (EMA), making it the first pharmaceutical treatment available for all grades of canine non-metastatic mast cell tumours (MCT)[1] The approval marks the first registration of QBiotic's, lead compound tigilanol tiglate, which is also under review by the US Food and Drug Administration - Center for Veterinary Medicine (FDA-CVM) and the Australian Pesticides and Veterinary Medicines Authority (APVMA); Approval is supported by a full technical data package focused on safety and efficacy including a pivotal study in 123 canine patients where a single injection of STELFONTA® completely removed (Complete Response) 75% of treated MCT;[2] QBiotics have partnered with Virbac, who will be launching STELFONTA® across key EU markets in the coming months. BRISBANE, Australia, Jan. 20, 2020 /PRNewswire/ -- Australian life sciences company, QBiotics Group Limited (QBiotics) is today announcing the first registration for its small molecule, tigilanol tiglate, with the European Medicines Agency (EMA) approval of STELFONTA as an oncology veterinary pharmaceutical. QBiotic's STELFONTA receives EMA approval STELFONTA (tigilanol tiglate) is indicated for the treatment of non-resectable, non-metastatic (WHO staging[3]) subcutaneous MCT located at or distal to the elbow or the hock, and non-resectable, non-metastatic cutaneous MCT in dogs. Tumours must be less than or equal to 8 cm[3] in volume and must be accessible to intratumoural injection.[1] MCTs are the second most frequent cancer diagnosed in dogs and the most common skin cancer, accounting for up to 21% of skin cancer cases.[3] QBiotics Veterinary Oncologist, Dr Pam Jones said, "The EMA approval of STELFONTA represents an exciting additional treatment option for MCT where surgical removal of the tumour mass is currently the standard of care.[4] However, there are some challenges associated with surgery, as in some cases the tumour isn't always easily accessible, and anaesthesia carries inherent risks - especially for older dogs and brachycephalic breeds." "STELFONTA is administered by injection directly into the tumour mass. Generally, dogs undergoing treatment do not need to be sedated, or need local or general anaesthesia," said Dr Jones. Worldwide, as many as 1 in 4 dogs will develop cancer at some time in their lives. Cancer is the leading cause of death in dogs, with almost 50% of dogs over the age of 10 years dying of the disease.[5,6]   "To date, there are only a very small number of registered treatments for cancer in companion animals, providing a significant opportunity for new treatments in this growing market," said QBiotics' CEO and Managing Director, Dr Victoria Gordon. "Tigilanol tiglate is a new approach to the problem of cancer. The drug works largely through specific protein kinase C (PKC) activation, in which it locally stimulates the immune system, resulting in destruction of the tumour mass and the tumour's blood supply, followed by rapid healing of the site with minimal scarring,"[7] Dr Gordon said. Approval for STELFONTA was based on a full data package supporting the safety and efficacy of STELFONTA. This included a QBiotics sponsored, pivotal, multi centre, randomised, blinded and untreated control study in 123 canine patients with MCTs. This study was conducted in accordance with the principles of Good Clinical Practice (GCP) as outlined in 'Guidance for Industry Guideline #85 of the USA Food and Drug Administration (FDA), Center for Veterinary Medicine Good Clinical Practice: VICH GL9, Final Guidance May 2001. In this pivotal study conducted in eleven veterinary clinics, at 28 days post treatment 75% percent of dogs achieved a Complete Response (tumour is completely destroyed) after a single intra-tumoural injection of STELFONTA compared to untreated controls (p=0.0001). Importantly, STELFONTA® was very well tolerated and animals had a good quality of life during and after treatment.[2]    Dr Gordon said "QBiotics and our partner, global veterinary pharma company Virbac, are gearing up for the launch of STELFONTA in early 2020, initially in the UK, France, Spain and Germany, and later in the USA, subject to FDA approval. This is an exciting time for QBiotics, adding global commercialisation of a novel pharmaceutical to our list of attributes." ABOUT QBIOTICS QBiotics is a public unlisted Australian life sciences company which discovers, develops and commercialises novel anticancer and wound healing products for human and veterinary markets. Its lead product, tigilanol tiglate, is an anticancer pharmaceutical targeting a range of solid tumours across multiple species. QBiotics' business model is to develop products that have application in both veterinary and human markets. Success in the veterinary programs validates QBiotics technology and de-risks human development, while generating early, non-diluting revenues. https://qbiotics.com REFERENCES [1] QBiotics Group Ltd., Data on file. 2020. [2] QBiotics Group Ltd., Data on file. 2019. [3] Garrett, LD. 2014. Canine mast cell tumors: diagnosis, treatment, and prognosis. Veterinary Medicine: Research and Reports, Vol 5. https://doi.org/10.2147/VMRR.S41005 [4] Vail DM, Thamm DH and Liptak JM (editors) 2020. Small Animal Clinical Oncology, edition 6, Elsevier Inc, St Louis, Missouri. [5] Kelsey JL, et al. 1998. Epidemiological studies of risk factors for cancer in pet dogs. Epidemiology Review 20:204-217. [6] Withrow SJ. and Vail DM 2007. Small Animal Clinical Oncology, edition 4, Elsevier Inc, St Louis, Missouri. 402-421. [7] Boyle G et al. 2014. Intra-lesional Injection of the Novel PKC Activator EBC-46 Rapidly Ablates Tumors in Mouse Models, PLOS ONE, Vol 9, Issue 10 Photo - https://photos.prnasia.com/prnh/20200120/2696510-1?lang=0 Related Links :https://qbiotics.com
  • LifeWorks launches Mobile Support Centres in response to Australian bushfires
    On-site counselling support follows national roll-out of Crisis Support Line for 24/7 emotional and mental health support MELBOURNE, Australia, Jan. 20, 2020 /PRNewswire/ -- Today, LifeWorks by Morneau Shepell deployed four Mobile Support Centres which will provide on-site counselling and trauma support in select designated safe zones throughout New South Wales and Victoria. This on-site support is part of a broader Community Support Program which includes free, nationwide 24/7 emotional and trauma support through their Crisis Support Line: 1300 361 008. The LifeWorks Mobile Support Centres are also available free of charge to anyone needing support, offering: On-site counselling with an experienced clinician specialising in trauma and crisis counselling; Group clinical briefings about coping with the immediate psychological impacts of bushfire threats; Remote access to telephonic and online counselling and support from the site, if face-to-face is unavailable or inconvenient; and, Crisis and trauma support materials that visitors can take with them. "Like many in our global community devastated by the ongoing Australian bushfires, we are doing what we can to help with the launch of LifeWorks' nationwide Crisis Support Line and Mobile Support Centres," said Jamie MacLennan, Managing Director of LifeWorks for Australia. "We know that in the coming months, the needs of people and communities will change. On-site clinical and telephone support will continue, and we will adapt to meet the needs of individuals and communities as the immediate threat diminishes and communities rebuild." The Mobile Support Centres are self-sufficient, placing no further resource demands on affected areas. They are operating within staging areas in locations that are declared safe, and where they are not interfering with emergency services personnel working to extinguish the bushfires. Community members can check LifeWorks' LinkedIn, Facebook, Instagram and Twitter for updated locations and dates for Mobile Support Centres. LifeWorks' clinical response draws from its experience assisting communities in the aftermath of similar natural disasters around the world. The core goal of the Community Support Program is to provide individuals and families with much-needed emotional support and Psychological First Aid as the crisis continues. About Morneau Shepell Morneau Shepell is the leading provider of technology-enabled HR services that delivers an integrated approach to well-being through our cloud-based platform. Our focus is providing everything our clients need to support the mental, physical, social and financial well-being of their people. By improving lives, we improve business. Our approach spans services in employee and family assistance, health and wellness, recognition, pension and benefits administration, retirement and benefits consulting, actuarial and investment services. Morneau Shepell employs approximately 6,000 employees who work with some 24,000 client organizations that use our services in 162 countries. Morneau Shepell is a publicly traded company on the Toronto Stock Exchange (TSX: MSI). For more information, visit morneaushepell.com. Contact: media@morneaushepell.com, 855-622-3327 Related Links :https://www.morneaushepell.com/ca-en
  • L'OCCITANE Launches Ecosystem Restoration Fund
    GENEVA and SYDNEY, Jan. 20, 2020 /PRNewswire/ -- L'OCCITANE Group today announced the creation of a fund to support ecosystems that are severely affected by natural disasters, such as the devastating fires in the Amazon and Australia. Determined to protect biodiversity for future generations, the L'OCCITANE Ecosystem Restoration Fund aims to respond to climate emergencies on an ad hoc basis. The fund will be financed by a voluntary internal donation campaign among L'OCCITANE's shareholders. Sensible sustainable thinking is at the heart of L'OCCITANE. Since its creation in 1976, L'OCCITANE is firmly committed to reducing its environmental impact throughout the entire value chain and has devoted company resources to respecting the biodiversity in the South of France and Burkina Faso. The L'OCCITANE's sustainable ingredients department and the L'OCCITANE Foundation, created in 2006, have been actively involved in conserving local plant species and establishing long-term partnerships with producers based on shared values, as well as using local supply channels, preserving traditional skills and supporting local communities. Adopting a holistic approach, the Group involves all stakeholders in this mission, for example by raising awareness among employees and customers. Alongside these ongoing efforts, L'OCCITANE seeks to be able to respond to environmental disasters as they unfold. The Group has pledged to set up a support fund of €400,000 to help finance long-lasting projects dedicated to the regeneration of severely damaged ecosystems. €200,000 will be donated as an immediate contribution to tree-planting and agroforestry schemes to help restore Australia's landscape over the next 10 years. The projects will be carefully chosen by the L'OCCITANE Foundation, together with the company's agricultural engineers and its operational teams in Australia. With this, L'OCCITANE deepens its commitment to its existing global tree-planting initiative in partnership with PUR Projet. Reinold Geiger, CEO of the L'OCCITANE Group, said: "We are truly shocked and saddened to see the devastation from the recent fires that have destroyed beautiful landscapes, native wildlife and communities in different parts of the world. As responsible business leaders, we cannot just sit back and watch. We need to do our part to help rebuild a healthy ecosystem for the sake of the generations to come." For more information about the L'OCCITANE Group, please visit: https://group.loccitane.com. For more information about the L'OCCITANE Foundation, please visit: http://fondation.loccitane.com. Logo - https://mma.prnewswire.com/media/1078680/LOCCITANE_Group_Logo.jpg Related Links :https://www.loccitane.com
  • 111 Unveils New Video on The Impact of Chinese Policies to Medical Industry
    SHANGHAI, Jan. 19, 2020 /PRNewswire/ -- 111, Inc. (NASDAQ: YI) ("111" or the "Company"), a leading integrated online and offline healthcare platform, announced the release of the sixth episode in its 111 Insight series. The title announced today, The Impact of Chinese Policies to Medical Industry, is hosted by Dr. Gang Yu, Co-Founder and Executive Chairman of 111, Inc. Dr. Yu will moderate a discussion with Dr. Xiaobin Wu, President of BeiGene Ltd, and Dr. Darren Ji, CEO of Elpiscience Biopharma, Ltd. Tencent video link: https://v.qq.com/x/page/h3052n5gvqw.html? The Impact of Chinese Policies to Medical Industry will feature: Impacts of China's healthcare reform on the industry: driving a market switch from public hospitals to retail channels and online channels Purpose of the "4+7" policy: encouraging innovative drugs and reducing the price of patent and generic drugs The Internet and the online retail will play big roles to make accessible for drugs The 111 Insight series is produced by 111, Inc. and is hosted by Dr. Gang Yu, Co-Founder and Executive Chairman, and Mr. Junling Liu, Co-Founder, Chairman and CEO. The series focuses on important topics in global health and the state of the industry in China through interviews with industry experts, investors, and healthcare professionals. China's healthcare industry in China is evolving rapidly and there is increasing global interest in China's health reform and policies. Among the topics that will be discussed throughout the series are: How the Internet is reshaping China's healthcare industry and pharmaceutical delivery market; how new government policies and regulations impact the healthcare industry; how new technologies are changing private health insurance; and the opportunities and challenges facing China's aging population. Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as 111's strategic and operational plans, contain forward-looking statements. 111 may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company's ability comply with extensive and evolving regulatory requirements, its ability to compete effectively in the evolving PRC general health and wellness market, its ability to manage the growth of its business and expansion plans, its ability to achieve or maintain profitability in the future, its ability to control the risks associated with its pharmaceutical retail and wholesale businesses, and the Company's ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq Global Market, including its ability to cure any non-compliance with Nasdaq's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and 111 does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. About 111, Inc. 111, Inc. (NASDAQ: YI) ("111" or the "Company") is a leading integrated online and offline healthcare platform in China. The Company provides hundreds of millions of consumers with better access to pharmaceutical products and medical services directly through its online retail pharmacy and indirectly through its offline pharmacy network. 111 also offers online medical services through its Internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation and electronic prescription services. In addition to providing direct services to consumers through its online retail pharmacy, 111 also enables offline pharmacies to better serve their customers. The Company's online wholesale pharmacy, 1 Drug Mall, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. The Company's New Retail platform, by integrating the front and back ends of the pharmaceutical supply chain, has formed a smart supply chain, which transforms the flow of pharmaceutical products to pharmacies and modernizes how they serve their customers. For more information on 111, please visit http://ir.111.com.cn/ For more information, please contact: 111, Inc.Ms. Monica MuIR Director ir@111.com.cn ChristensenIn ChinaMr. Christian ArnellPhone: +86-10-5900-1548E-mail: carnell@christensenir.com In U.S.Ms. Linda BergkampPhone: +1-480-614-3004Email: lbergkamp@ChristensenIR.com   View original content:http://www.prnewswire.com/news-releases/111-unveils-new-video-on-the-impact-of-chinese-policies-to-medical-industry-300989308.htmlRelated Links :http://corporate.111.com.cn/
  • Chile and Trip.com Group to build on strong ties
    SANTIAGO, Chile, Jan. 19, 2020 /PRNewswire/ -- Trip.com Group Chairman and Co-founder James Liang today met with Chile Minister of Economy, Develop and Tourism Lucas Palacios Covarrubias in the capital of Santiago to discuss opportunities for further collaboration in the tourism sector. Trip.com Group Chairman James Liang (right) meets with Chile Minister of Economy, Development and Tourism Lucas Palacios Covarrubias (left). The discussions follow the initial signing of a Memorandum of Understanding (MOU) between Chile and the leading online travel agency (OTA) in 2018, aimed at improving the visibility of destinations in the Latin American country and expanding offerings to travellers on the company's platforms. Since inking the agreement with Trip.com Group, which reaches 400 million users worldwide on its platforms, including 300 million users in Mainland China alone, Chile has seen a significant boost in Chinese arrivals, with three-digit growth year-on-year (YoY) in 2019. During last October's National Day holiday period, Chile topped Latin American destinations, with Trip.com Group recording over 300% YoY growth in Chinese arrivals. "Chile welcomes tourists with open arms, and Trip.com Group continues to be an invaluable partner in sharing the unique offerings of our part of the world with Chinese travellers," said Chile Minister of Economy, Development and Tourism Lucas Palacios Covarrubias. Home to world-famous wine, cuisine and natural scenery, Chile has no shortage of selling points for the leisure traveller. Distance, accessibility and cost, however, have in the past presented obstacles to developing the inbound tourism industry. Building on the partnership, today's talks are an initial step towards a collaboration aimed at improving Chile's capacity to host Chinese tourists. "Chinese tourists have a growing appetite for in-depth and experience-oriented travel," said Trip.com Group Chairman James Liang. "As an exotic Latin American destination, Chile possesses a wealth of potential to become a favorite longer-stay in depth holiday hotspot, or a core part of regional itineraries." According to Trip.com Group statistics, over 70% of Chile-bound tourists stay in the region for more than 8 days, and its most popular itineraries are Antartica-oriented. In addition to streamlining visa application processes to break down logistic barriers to travel, Liang said that an improvement in the prevalence of English signage and local transport infrastructure would play an important role in driving growth in tourist numbers across the country. "Chile-bound Chinese tourists currently favor Santiago, Easter Island, and the Punta Arenas. With improvements to accessibility and visibility on our platforms, Chile has the potential to attract in-depth tourists all across the country, and be at the centre of longer Latin American itineraries." About Trip.com Group: Trip.com Group is a leading one-stop travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group enables local partners and travelers around the world to make informed and cost-effective bookings for travel products and services, through the aggregation of comprehensive travel-related information and resources, and an advanced transaction platform consisting of mobile apps, Internet websites and 24/7 customer service centers. Founded in 1999 and listed on NASDAQ in 2003, Trip.com Group has become one of the best-known travel brands in the world, with the mission of 'making every trip the perfect trip'. Photo - https://photos.prnasia.com/prnh/20200119/2696495-1?lang=0 Logo - https://photos.prnasia.com/prnh/20191111/2638489-1-LOGO?lang=0
  • Chengdu IFS celebrates 6th anniversary as top brands plan global debuts
    CHENGDU, China, Jan. 19, 2020 /PRNewswire/ -- As part of the 6th anniversary celebration activities, Chengdu IFS announced the global debut of new and limited offerings from top international brands such as FENDI, ZENITH, adidas Neo, Pomellato, Ports 1961 and TOM FORD BEAUTY as it continues to deliver unique and trend-setting shopping experiences to customers. Chengdu IFS, a flagship commercial real estate project in Mainland China by The Wharf (Holdings) Limited, today kicked off a campaign to commemorate its 6th anniversary, celebrating the achievements made in the past six years by what is now the signature shopping and lifestyle destination in Chengdu, a leader of China's up-and-coming first-tier cities. Over the past six years, Chengdu IFS has established itself as an iconic destination for domestic and foreign shoppers who are often attracted by the "I AM HERE" giant panda art installation which has become a new landmark in Chengdu -- a city that ranks fourth in Savills' China Retail Cities Report for six consecutive years, thanks to its strong regional influence and consumption power. Chengdu IFS is the leading mall in Chengdu and is among the top 10 shopping centres in China in terms of sales, achieving double-digit growth for six consecutive years. With more than 300,000 VIP members, sales and retail traffic at Chengdu IFS grew by 330% and 300% respectively in 2019 compared with the opening year, and the occupancy rate has maintained almost 100% over the past years. Government officials as well as representatives of Chengdu IFS and resident brands, attend the joint global launch event at the 6th anniversary of Chengdu IFS First-store economy adds new vitality to the city's retail landscape  As the concept of the "first-store economy" gathers steam, "first store" has become a key indicator of urban development. Chengdu IFS is now home to more than 250 global, national or regional first stores. These stores include global fashion brands such as Balenciaga, Chanel, Christian Louboutin, Lane Crawford, Moncler, Moynat, Roger Vivier, Tom Ford, LOEWE and Valentino; as well as international jewellery and watch brands such as Audemars Piguet, Bvlgari, Chaumet, Chopard, Piaget, Vacheron Constantin and Van Cleef & Arpels. In 2019 alone, more than 40 first stores of emerging brands opened at Chengdu IFS, including AHKAH, Cesare Casadei, Givenchy Kids, Goyard, Gucci Beauty, La Maison Valmont, MSGM, Pomellato and TOM FORD BEAUTY, becoming talk of the town and attracting throngs of interested customers. In 2020, Chengdu IFS will see many highly sought-after and anticipated brands to open their space in the mall, including Carven, De Beers, LANEIGE, Maison Kitsune, Moncler Enfant and Stella McCartney Kids. Chengdu IFS is home to more than 250 global, national or regional first stores   Six major brands to global premier their collections or launch limited editions in Chengdu IFS   Six major brands to global premier their collections or launch limited editions in Chengdu IFS KOC development plan helps to drive consumption trends Chengdu IFS has not only forged ahead in securing major brands, but also made solid achievements in customer relationship management. Since its inception, the retail destination has adopted an active CRM strategy and launched the "KOC (Key Opinion Consumer) development plan", targeting its core female members aged from 25 to 40 who are passionate about fashion and lifestyle. In the past 6 years, Chengdu IFS has grown together with consumers, cultivating a VIP membership group of more than 62,000 high-spending and loyal members who have sophisticated fashion taste and with annual spending ranges from 200,000 to 12 million yuan. Powered by its membership plan, Chengdu IFS has successfully pooled together the Gen Y Taitai group with the strongest consumption clout and fashion taste in the western region. Dance with "I AM HERE" across the city to celebrate 6th anniversary The public enjoy interactive experience with the cute and iconic panda The "I AM HERE" art installation has been exhibited at Chengdu IFS for the past 6 years accompanying Chengdu citizens. It has since become an internationally renowned online celebrity. This year, the image that everyone loves moved for the first time, causing a wave of excitement across the city. Shoppers interacted with "I AM HERE", creating vivid memes, dancing and together celebrating the 6th anniversary of Chengdu IFS.   View original content to download multimedia:http://www.prnewswire.com/news-releases/chengdu-ifs-celebrates-6th-anniversary-as-top-brands-plan-global-debuts-300989307.html
  • 13 Southeast Asian Startups Received Accolades at the ASEAN Rice Bowl Startup Awards 2019
    KUALA LUMPUR, ‎Malaysia, Jan. 19, 2020 /PRNewswire/ -- The ASEAN Rice Bowl Startup Awards (Rice Bowl), organised by New Entrepreneurs Foundation (myNEF), has returned for another year of celebrating excellent startups within the ASEAN region. 13 leading ASEAN startups were named category winners at the 5th ASEAN Rice Bowl Startup Awards (Rice Bowl) ceremony today with Singapore startup, Youtrip selected as the winner of Startup of the year award. The award ceremony graced by Deputy Minister of Entrepreneur Development (MED), YB Datuk Wira Dr. Mohd Hatta Md Ramli at Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur. ASEAN Rice Bowl Startup Awards 2019 winners with YB Datuk Wira Dr. Mohd Hatta Md Ramli, Deputy Minister of Entrepreneur Development (MED), Hamdi Mokhtar, Chairman of New Entrepreneurs Foundation (myNEF) and Rice Bowl partners; Bank Negara, MaGIC, DigitalEdu.today, Global Startup Awards, DigitalOcean, MDeC, Cradle, SuppaGood, Sparadise and represent "This year, we work together with various partners to ensure the program a success. We collaborate with more than 50 ecosystem players, community leaders and supporters across South East Asia countries. Some play the roles as Ambassador to promote the spirit of Rice Bowl, some step up and hosted the event in their home country or lead the way as Rice Bowl Country Partners," said Chairman of the ASEAN Rice Bowl Startup Awards and CEO of New Entrepreneurs Foundation (myNEF), Hamdi Mokhtar. Organised by myNEF since 2015, the ASEAN Rice Bowl Startup Awards celebrates the spirit of innovation and entrepreneurship in the Southeast Asian startup ecosystem. It also aims to increase the region's visibility as a vibrant global hub for innovation and celebrate the startup ecosystem instrumental in driving that progress. In 2019, a total of 3,000 entries were received from 10 countries across ASEAN. A panel of over 30 juries from across the globe comprising of entrepreneurs, investors, business advisors and coaches, media and startup development organisation, then evaluated the entries in 3 broad areas: actual and potential growth, scalability and impact. "Amongst the benefit for nominees and finalists are upskilling training from the world's leading universities sponsored by DigitalEdu.Today and Digital Ocean's Cloud Credits and total worth USD1.1 million," he added. This year's Rice Bowl Award Ceremony saw an impressive crowd consisting of distinguished guests, ecosystem players, investors and government officials come together in Kuala Lumpur to honor entrepreneurs for the products and services they provide to their community.   Distinguished guests included Nazrul Hisyam Mohd Noh, Assistant Governor of Bank Negara Malaysia, YBhg. Dato' Ng Wan Peng, COO of Malaysia Digital Economy Corporation (MDEC), Anne Jalando-On Louis, Deputy Chief of Mission and Consul General, Embassy of the Philippines; Loy Hui Chien, Deputy High Commissioner, Singapore High Commission; and Hao Ann, Commercial Attache, Royal Embassy of Cambodia. "Moving forward, we need to continue to work together to promote diligence, good governance, transparency and celebrate best practice as we design the next bigger and more impactful event for next year," shared Hamdi. The Rice Bowl is made possible with the support of strategic partners as well as ASEAN and community partners. The ASEAN Rice Bowl Awards in Kuala Lumpur is supported by: 1. Bank Negara Malaysia - Venue Partner2. Global Partner - Global Startup Awards.3. Content Collaborator - CRADLE 4. Malaysia Digital Economy Corporation (MDEC) 5. Malaysian Global Innovation & Creativity Centre (MaGIC) 6. Cloud Partner - DigitalOcean7. News Release Distribution Partner - PR Newswire8. Digital Learning Partner - DigitalEdu.today 9. Sparadise10. Media Partners - SuppaGood and Ambidextr Philippine. 11. Special thanks to Astro Awani - who has support Rice Bowl since 2015 Winners of ASEAN Rice Bowl Awards 2019 INDUSTRY AWARDS 1-  Best e-commerce & Supply Chain Startup EASYPARCEL(MALAYSIA) -  Established in June 2014, EasyParcel was formed with a mission in mind - that is to provide a simplified shipping platform where businesses could book any manner of consignment for delivery at prices they couldn't achieve themselves. More than 421,819 SMEs and users in Malaysia are using EasyParcel. Our platform allows you to book for delivery from more than 60 established courier companies in Malaysia and of course, at an affordable rate from RM5.50 up to 5kg. Website: http://easyparcel.com/ 2-  Best Life Helper FIXZY(THAILAND) -  Fixzy is a tool that helps people who need help and home service providers have found each other easily, with quality, convenient and help increase the way to find more jobs for home service providers Website: https://www.fixzy.net/en/home-en/ 3-  Best FoodTech/AgriTech Startup VILLAGE LINK(MYANMAR) -  Village Link Company Limited is a Myanmar based Agri-Tech company that prides itself in enabling Myanmar's agricultural and rural communities by using mobile technology. Village Link provides farmers the most valuable information, services and products. Harnessing the unique, high literacy levels, connectivity, device penetration and coupled with partnerships with leading Myanmar organizations like the Myanma Awba Group, Myanmar Information and Technology and the Netherland Space Office's Geo-data for Weather and Agriculture program, Village Link has been able to provide highly relevant utility to its audiences. Village Link, today has built trust with more than 400K farmers in Myanmar and provides solutions to all of their farming knowledge and needs. Website: http://villagelink.co/ 4-  Best IoT Startup QLUE(INDONESIA) Qlue is a technology startup that works to empower smart cities through a safety and security solutions. We provide governments and enterprises with live, actionable insights based on data collected using IoT and Geographic Information Systems (GIS) technologies. Website: https://www.qlue.co.id/ 5-  Best AI/Machine Learning Startup KATA.AI(INDONESIA) -  Kata.ai is an Indonesian conversational Artificial Intelligence company, focused on understanding human conversation so we can empower the way humans collaborate with technology. Kata.ai's Natural Language Processing (NLP) technology powers multi-purpose chatbots for major corporations in Indonesia across different industries, including FMCG, Telecommunication, Banking & Financial Service, and Retail. Website: https://kata.ai 6-  Best Fintech Startup YOUTRIP(SINGAPORE) -  YouTrip is Singapore's first multi-currency mobile wallet with a prepaid Mastercard® that lets you pay with no fees in 150+ currencies at wholesale exchange rates. The mobile application also allows for the exchange and storage of 10 selected currencies in advance through the in-app exchange feature. The YouTrip mobile application works with a linked pre-paid Mastercard® and can be used to make payments at more than 30 million Mastercard accepting merchants worldwide. Website: https://www.you.co STAR AWARDS 7-  Startup Of The Year YOUTRIP(SINGAPORE) -  YouTrip is Singapore's first multi-currency mobile wallet with a prepaid Mastercard® that lets you pay with no fees in 150+ currencies at wholesale exchange rates. The mobile application also allows for the exchange and storage of 10 selected currencies in advance through the in-app exchange feature. The YouTrip mobile application works with a linked pre-paid Mastercard® and can be used to make payments at more than 30 million Mastercard accepting merchants worldwide. Website: https://www.you.co 8-  Founder Of The Year KENGO KITAURA (AGRIBUDDY)(CAMBODIA) -  Argibuddy Ltd. was established in 2015 and was registered in 2016 in order to fill the gaps of the farming industry in South East Asian region. Our mission is to help farmers through the financial services facilitation - We are the aggregators of the agriculture supply chain from the early stage of cultivation to crops trading. Agribuddy is a platform that revitalizes the distribution of agri-inputs and harvested crops by introducing secured financial supported by our own technology-based applications. Website: https://www.agribuddy.com 9-  Best Newcomer TEKY (VIETNAM) -  TEKY was born to empower the next generations in South East Asia with digital literacy and technology skills beyond the threats in the 4.0 industrial revolution with Robot, AI and other technology, and help them to seize the opportunities. Our vision is to become the No.1 in STEAM education across South East Asia region in term of the number of training centres and integrated with edutech solutions. Website: https://teky.edu.vn/ 10-  People Choice BIG AGENT(INDONESIA) -  BIG Agent is On-Demand Business Platform, empowering people and business with the best technology. Website: https://www.big-agent.com ECOSYSTEM AWARDS 11-  Investor Of The Year GOBI PARTNERS(MALAYSIA) -  Gobi Partners is one of the first venture capital firms with a regional presence across China, Hong Kong, and ASEAN with over US$1.1 billion in assets under management (AUM). The firm, headquartered in Shanghai and Kuala Lumpur, supports entrepreneurs from the early to growth stages and focuses on emerging and underserved markets. Founded in 2002, Gobi has raised 13 funds to date, invested in over 250 startups, and has grown to ten offices across Bangkok, Beijing, Ho Chi Minh City, Hong Kong, Jakarta, Kuala Lumpur, Manila, Shanghai, Singapore and Tokyo. Website: http://www.gobivc.com/ 12-  Best Coworking Space COMMON GROUND(MALAYSIA) -  Common Ground is a flexible and focused coworking community where we break down traditional office spaces to bring people, ambition, and resources together. Beyond the workspace, you'll find an ecosystem of diverse resources and ideas, a multitude of events and partnerships, and a web of powerful business networks. Together, this synergy - cushioned by the exceptional facilities offered by our space - becomes the platform to drive your business forward. From part-time freelancers looking for hot desks to small businesses searching for private offices - or even enterprises seeking out full-fledged HQ's - we provide the resources to ensure you get your best work done. Make the membership work for you. Website: http://www.commonground.work 13-  Best Accelerator or Incubator Program 1337  VENTURES(MALAYSIA) -  Established in 2012, 1337 Ventures is Malaysia's first accelerator. Pioneering the Design Thinking Methodology and Design Sprints in Malaysia, 1337 Ventures has utilised its learning to accelerate over 500 startups from 6 different countries. 1337 Ventures has launched accelerators for MNCs and GLCs such as Bank Negara Malaysia, Khazanah Nasional, Telekom, Digi, MDEC, CIMB and Maybank, to name a few. Also as a Venture Capital, 1337 Ventures has invested over MYR $2 million into early stage startups, with follow up funding of over 15x in returns with several exits. Most recently, 1337 Ventures is proud to be one of the only three new recipients of the Equity Crowdfunding license from the Securities Commission. Website: http://www.1337accelerator.com/   Note to EditorWebsite: http://www.ricebowlawards.com Facebook: fb.com/ricebowlawards About the New Entrepreneurs Foundation New Entrepreneurs Foundation (myNEF) is a non-profit organization that focuses on creating and developing sustainable entrepreneurs via strategic developmental programs. MyNEF designs and caters programmes with the entrepreneurs in mind, helping them achieve their business goal. myNEF organized the inaugural Rice Bowl Startup Awards in 2015 during 1ASEAN Entrepreneurship Summit. For more information, visit mynef.com Just as rice is a staple among Southeast Asians, so is technology for fuelling businesses of the future. The Rice Bowl Startup Awards is the first ASEAN awards that recognize breakout startups in the region and its ecosystem. For further information and to submit nominations visit ricebowlawards.com Photo - https://photos.prnasia.com/prnh/20200119/2696389-1?lang=0  Related Links :https://www.mynef.com/
  • Beijing Summit of Global Sharing Economy Forum Held Successfully!
    The "Double 50% Reduction 2030 Initiative" Arousing a Hot Debate Again BEIJING, Jan. 18, 2020 /PRNewswire/ -- On January 16, The "Great Sharing, New Economy—Beijing Summit of the Global Sharing Economy Forum" was held at the China National Convention Center. It was sponsored by China General Chamber of Commerce and China Association for the Promotion of Industrial Development, organized by ToJoy, and received strategic cooperation and support from the Global Alliance of Sharing Economy (GLASE) and the Institute of Industrial Economics, Chinese Academy of Social Sciences, the School of Humanities and the School of Social Sciences of Tsinghua University, Renmin Business School, and the School of Management at Xi'an Jiaotong University, among others. Foreign and domestic elites from all circles gather at the Beijing Summit of the Global Sharing Economy Forum (PRNewsfoto/ToJoy Shared Holding Group Co.,) The Summit not only received support from attendees including Zhenghua Jiang, Vice Chairman of the 10th NPC Standing Committee; Hengshan Fan, former Secretary General of the National Development and Reform Commission; Xinhong Zhang, Chief Information Officer of the National Information Center and Director of Sharing Economy Research Institute; Min Wang, Executive Vice Chair of the China General Chamber of Commerce; and Xiaojun Li, Vice President of China the Association for the Promotion of Industrial Development. Also attending were heavyweights including Junqing Lu, Executive Chairman of GLASE and Chairman of the Board of Directors of ToJoy; Jun Ge, Secretary General of GLASE and Executive Director and Global CEO of ToJoy; Boris Tadić, Executive Chairman of GLASE and former President of Serbia; Jose Maria Figueres, Executive Chairman of GLASE and former President of Costa Rica; Enrico Letta, Co-Chair of GLASE and former Prime Minister of Italy; Werner Faymann, Chairman of GLASE in West Europe and former Austrian Chancellor; and Yves Leterme, Senior Advisor of GLASE and former Prime Minister of Belgium. Kevin Rudd, Chairman of GLASE and former Prime Minister of Australia addressed the Summit through video. At the same time, experts and scholars including Zhanbin Zhang, head professor of the Marxist School of the Party School of the Central Committee of C.P.C. (National Academy of Governance); Xiaoqiu Wu, Vice President of Renmin University of China; Dezhi Lu, Chief of the Huamin Foundation; and Yuming Zhang, a professor of the School of Management, Shandong University; as well as guests from all circles, including foreign and domestic enterprise elites and media reporters were also invited to the Summit. The guests conducted discussions around two topics:  "The Great Sharing Economy and the Development of Unicorn Enterprises" and "The Great Sharing Era and the Advanced Topics on Sharing Economy Theory".  A Strategic Departure for 2030 According to numerous opinion polls in recent years, China is expected to go beyond the US in terms of GDP around 2030, becoming the world's largest economy. Meanwhile, China's response to the UN 2030 Agenda for Sustainable Development, is that the "principle of wide consultation, joint contribution and shared benefits" advocated in the Belt and Road Initiative would be an effective tool that advances this UN Agenda. Today, at the start of 2020, the Beijing Summit of The Global Sharing Economy Forum also established another historical waypoint for 2030. At the Summit, Jun Ge, Secretary General of GLASE and Executive Director and Global CEO of ToJoy, together with many foreign and domestic experts, released an exciting mid- and long-term initiative—the strategic vision of "Dual Reduction". This means the reduction of global new resource consumption and labor time by 50% respectively, expected to be realizable by 2030. In addition to the huge breakthrough and milestone of the age of the Great Sharing Economy represented by this concept, this initiative was also lauded as one of the driving forces in the ascent of China's economy. Behind the seemingly simple phrase "Dual Reduction" is a wealth of propositions as the sustainable development, the Belt and Road Initiative, forging a community of shared future for mankind, and the new era of global innovation. The Dual Reduction concept is a result of various policies working together. The "Dual Reduction" is a strategic vision first proposed on the basis of insights into the trends of human commercial civilization at the First Global Sharing Economy Forum held in Vienna on November 29, 2019. In the model of the Great Sharing Economy, global new resource consumption and labor time will be gradually reduced by up to 50% respectively by means of sharing and efficient utilization of global resources. Ge expressed his views, saying, "We are confident that the innovation economy driven by platform empowerment will significantly increase the utilization efficiency of global resources, and significantly save laborers' working hours. It can be said that the realization of Dual Reduction will be a goal to achieve over the next decade. This will also be an age for enterprises to release their innovative strength in a concentrated way." China is transforming from a traditional economy to an innovation-based economy. The national strategy of "China Sci-Tech Innovation 2030" will be a huge boost for accelerated realization of "Dual Reduction". In his keynote speech, Hengshan Fan, former Secretary General of the National Development and Reform Commission, was also confident in China's innovation potential. He believed that the Great Sharing Economy can accelerate the process of supply-side reform and help China's GDP transform from high rate to high quality. High quality is based on high innovation, which means China's innovation opportunities will come. In addition to the increasingly mature external environment, some experts and scholars at the Forum noted: "China's economy urgently needs to be aware of the environment, and Dual Reduction reinforces this. This should be an opportunity to boost the harmonious, sustainable development of all fields." To support the development of the Great Sharing Economy, and allow the whole world to enjoy the dividend of sustainable development brought by it. The "Global Alliance of Sharing Economy Award" ("GLASE Award") was announced on the day of the Summit. GLASE will evaluate candidates for three awards: the Best Theoretical Research Award for Sharing Economics, the Best Business Model Award for Sharing Economics, and the National Ranking Award for Sharing Economics. This is to encourage and support corporate development, project innovation, theoretical research, academic study, and model exploration, etc. in the field of sharing economy. More importantly, ToJoy invested 100 million yuan for sponsorship of the first GLASE Awards. In the sub-forum "The Great Sharing Economy and The Development of Unicorn Enterprises" directly related to the development of enterprises and new economy, Yong'an Sun, Co-President of ToJoy Aviation Service Consulting Group; Xuliang Hu, founder of 365 Internet of People; Weikai Jin, founder of http://www.ilvdo.com, and other guests shared their corporate innovation practices for the new economy. They used their own experiences as examples of best practices of  "sharing economics" and "unicorn companies". In their opinions, the Great Sharing Economy is a decisive driver for the large-scale and explosive development of unicorn companies. In turn, the success of unicorns is a verification of the effectiveness of the Great Sharing Economy. Yves Leterme, Senior Advisor of GLASE and former Prime Minister of Belgium, also took part in the discussion, and gave high affirmation to the outcome of the forum. He said, "Those who master the sharing economy will master the essence of creating a unicorn. This is the best of times for every entrepreneur." Boris Tadić, Executive Chairman of GLASE and former President of Serbia, also agreed, saying, "Noone could have expected that the future of the sharing economy is now in the hands of China and Chinese enterprises. This will be an advantage that cannot be ignored." From theory to practice, from vision to model, from the past to the future, Beijing Summit of the Global Sharing Economy Forum generated a more detailed and concrete roadmap of the coming age. Undoubtedly, China will be a mainstay for the globalization of the Great Sharing Economy, and the Global Sharing Economy Forum will rely on the fruits and achievements of the Beijing Summit to go deeper around the world, and help all countries access borderless sharing. As an international metropolis, Beijing will lead the development direction of the Great Sharing Eocnomy, innovating at the top of the Internet, IoT, AI and other fields.  China is in a new period of reform and opening up and will further draw on and accept the successful experiences of other countries while conducting open sharing of its own global resources. The Great Sharing Economy , supported by the resource and market from the super economy of China, will realize leapfrog development, and benefit the world soon. At last, as for the long-run realization of the vision of Dual Reduction, the exchange of needed goods between businesses, markets and continents will also help increase both resource efficiency and innovation effectiveness for humanity in the next decade. Speech by Jun Ge, Secretary General of GLASE, Managing Director and Global CEO of ToJoy (PRNewsfoto/ToJoy Shared Holding Group Co.,) The Chinese Edition of The Age of Great Sharing debuts officially (PRNewsfoto/ToJoy Shared Holding Group Co.,) View original content to download multimedia:http://www.prnewswire.com/news-releases/beijing-summit-of-global-sharing-economy-forum-held-successfully-300989252.html
  • LG ThinQ Opens New Age Of AI In 2020 With Pioneering AI Experience Levels
    A Glimpse into the Future with Advanced Consumer Experiences Based on LG's new "Levels of AI Experience" AI Development Framework SEOUL, South Korea, Jan. 17, 2020 /PRNewswire/ -- LG Electronics (LG) recently unveiled its new artificial intelligence (AI) development framework "Levels of AI Experience: the Future of AI and the Human Experience" at the CES® 2020 LG Press Conference in front of industry representatives, influencers and journalists. The conceptual framework aligns with LG ThinQ – the company's AI brand first revealed at CES® 2018 which has continuously grown since – and its ambitious vision to connect all aspects of people's lives with intelligent touchpoints based on the three pillars of 'Evolve, Connect and Open.' Experience the interactive Multimedia News Release here:https://www.multivu.com/players/English/8677751-lg-thinq-levels-of-ai-experience-ces-2020/ The introduction of four AIX levels – Efficiency, Personalization, Reasoning and Exploration – was welcomed by industry and academia alike, with hopes that it will act as anchor points for the field of AI going forward. Dr. Andrew Ng, global AI leader and Chief Executive Officer and Founder of Landing AI – a Silicon Valley startup focused on enterprise AI solutions – noted "every industry will need its own roadmap of AI technology, which is why I'm excited that LG is coming up with the industry's categorization and prioritization for how AI can transform business." The unveiling was accompanied by the release of four videos to help visualize each level from a consumer's perspective, each video showing what life will be like once AI technology is fully integrated into everyday living. It all starts with Efficiency, the first level of the framework. Level-one AI can carry out specific functions through automation that make user interactions more efficient and effective. Users can employ simple and easy voice commands for various tasks like stocking up on orange juice or simply asking for the time. Currently available with many voice recognition and AI-enabled products on the market today, such as the LG ThinQ air conditioner, many people may find some scenes depicted in this video familiar. Personalization is represented in the second level, at which AI can recognize patterns and regularities from past user interactions and use them to optimize and personalize functions for a specific person. In comparison to level one, level-two AI can order your orange juice or book a taxi before you even ask and can further identify and recommend your favorite TV channels. Through unique pattern and trait learning, the advanced AI found in this second level can improve and simplify interactions for a truly personalized user experience. The third level is based on Reasoning and envisions AI based on causality learning that looks at the 'why' behind users' actions to predict and promote better outcomes for consumers. Here, AI goes beyond surface level interactions to actively perform not only the requirements but also make recommendations such as suggesting a light breakfast before a stressful presentation or the perfect restaurant for dinner with friends. By identifying underlying motives, level-three AI not only understands but also acts on its insight to provide optimal user experiences. The fourth and final level is Exploration. Based on experimental learning, the most advanced AI form is best explained in the video, which illustrates a future where AI generates thoughtful ideas and suggestions all on its own. Although an innovation for the far future, level-four AI is capable of original research, enough to formulate and test intelligent hypotheses to discover conclusions, such as integrating mindfulness exercises and new yoga routines into a stressed user's everyday routine. Rather than the user having to maneuver the AI to perform a certain way, level-four AI works in tandem with the user, facilitating the experimentation of new ideas to achieve the best outcomes.  "From Efficiency to Exploration, our vision for AI innovation is meaningful for both the industry and its customers," remarked Dr. I.P. Park, President and Chief Technology Officer of LG Electronics. "It enables and encourages us to come up with more daring, more innovative ideas for the future." Already shared with many partners, the framework received praise from leading figures across industry and academia. "It is our responsibility to drive the development of the field of AI towards a future in which the technology is being harnessed in a manner that is beneficial for both individuals and society as a whole," said Yoshua Bengio, the Turing award winner, founder and scientific director of Mila, the research institute partnership between the Université de Montréal and McGill University with Polytechnique Montréal and HEC Montréal. Further voices in support of the AIX levels included Sanjay Dhawan, Chief Executive Officer of automotive software company Cerence, who encouraged "all other participants in the AI ecosystem to adopt this framework," as well as Sangbae Kim, Associate Professor of Mechanical Engineering at MIT leading the MIT Biomimetics Robotics Lab since 2012, who defined the framework as an effort to "recapitulate the past, present, and the future of AI." For more information on the transformational innovations of LG ThinQ, please visit lg.com/us/lg-thinq. About LG Electronics Inc. LG Electronics Inc. is a global innovator in technology and manufacturing with operations in 140 locations and a workforce of over 70,000 around the world. With 2018 global sales of USD 54.4 billion, LG is composed of five companies – Home Appliance & Air Solution, Home Entertainment, Mobile Communications, Vehicle Component Solutions and Business Solutions. LG is a world-leading producer of TVs, refrigerators, air conditioners, washing machines and mobile devices, including premium LG SIGNATURE and LG ThinQ products featuring artificial intelligence. For the latest LG news, go to www.LGnewsroom.com.   Related Links :http://www.LGnewsroom.com
  • China XD Plastics Company Limited Has Been Granted an Extension to Regain Compliance
    HARBIN, China, Jan. 17, 2020 /PRNewswire/ -- China XD Plastics Company Limited (NASDAQ: CXDC) ("China XD Plastics" or the "Company"), one of China's leading specialty chemical companies engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, today announced that it has received the formal notification from the Listing Qualifications Department of The NASDAQ Stock Market ("NASDAQ"), informing the Company that since the Company filed its definitive proxy statement with the SEC on January 14, 2020, and set February 11, 2020 as the date for its annual meeting of shareholders for the fiscal year ended December 31, 2018, it has been granted an extension until February 18, 2020, to regain compliance with Listing Rule 5620(a) (the "Rule"), which requires that the Company hold an annual meeting of shareholders within twelve months of the end of the Company's fiscal year end. On January 2, 2020, the Company received a notice of non-compliance from NASDAQ, which informed the Company of its non-compliance with NASDAQ Listing Rule 5620(a). As part of the Company's compliance plan, the Company filed its definitive proxy statement with the SEC on January 14, 2020 for its annual meeting of shareholders for the fiscal year ended December 31, 2018 to be held on February 11, 2020. About China XD Plastics Company Limited China XD Plastics Company Limited, through its wholly-owned subsidiaries, develops, manufactures and sells polymer composites materials, primarily for automotive applications. The Company's products are used in the exterior and interior trim and in the functional components of 31 automobile brands manufactured in China, including without limitation, AUDI, Mercedes Benz, BMW, Toyota, Buick, Chevrolet, Mazda, Volvo, Ford, Citroen, Jinbei and VW Passat, Golf, Jetta, etc. The Company's wholly-owned research center is dedicated to the research and development of polymer composites materials and benefits from its cooperation with well-known scientists from prestigious universities in China. As of September 30, 2019, 601 of the Company's products have been certified for use by one or more of the automobile manufacturers in China. For more information, please visit the Company's English website at http://www.chinaxd.net, and the Chinese website at http://www.xdholding.com. Safe Harbor Statement This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's growth potential in international markets; the effectiveness and profitability of the Company's product diversification strategy; the impact of the Company's product mix shift to more advanced products and related pricing policies;  the effectiveness, profitability, and the marketability of its the ongoing mix shift to more advanced products; the prospect of the Company's Dubai facility, and the associated expansion into Middle East, Europe and other parts of Asia; the prospect of the Company's Southwest China facility, the prospects of the Company's Harbin facility, and its penetration into Northeast China; and its penetration into Southwest China; the Company's projections of its revenues for performance in fiscal 2019.   These forward-looking statements can be identified by terminology such as "will," "expect," "project," "anticipate," "forecast," "plan," "believe," "estimate" and similar statements. Forward-looking statements involve inherent risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the global economic uncertainty could further impair the automotive industry and limit demand for our products; fluctuations in automotive sales and production could have a material adverse effect on our results of operations and liquidity; our financial performance may be affected by the prospect of our Dubai facility and the associated expansion into Middle East, Europe and other parts of Asia; the withdrawal of preferential government policies and the tightening control over the Chinese automotive industry and automobile purchase restrictions imposed in certain major cities may limit market demand for our products; the slowing of Chinese automotive industry's growth; the concentration of our distributors, customers and suppliers; and other risks detailed in the Company's filings with the Securities and Exchange Commission and available on its website at http://www.sec.gov. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law.  Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. View original content:http://www.prnewswire.com/news-releases/china-xd-plastics-company-limited-has-been-granted-an-extension-to-regain-compliance-300988864.htmlRelated Links :http://www.chinaxd.net
  • Hoopox and Tianjin University established a blockchain technology laboratory to effectively promote the deep integration of blockchain industry-university-research
    BEIJING, Jan. 17, 2020 /PRNewswire/ -- On January 14, 2020, Beijing Hoopox Information Technology Co., Ltd. (Hoopox) and Tianjin University Blockchain Lab Fund donation ceremony was successfully held at Tianjin University. Jiajun Li (Secretary of Tianjin University Party Committee), Haobo Ma (CEO of Hoopox) and other leaders attended the donation ceremony. Jiajun Li, accepts the donation from Hoopox Jiajun Li, thanked Haobo for supporting the school's scientific research in the blockchain field. He pointed out that the establishment of a blockchain laboratory should not be limited to the Intelligence and Computer Science department. Various colleges and organizations can all join in to pool resources for improving the teaching and research development. In the future, the school will actively support the construction of the laboratory, combine the advantages of the school's intellectual resources with the market advantage of Hoopox, and return the alumni's deep friendship to their alma mater with more fruitful results. Haobo Ma, CEO of Hoopox, said that Hoopox hopes that by continuing to deepen the industry-university-research collaboration, build a corporate development plan that harmonizes talents, technology, markets, and capital, and work with Tianjin University to form a trinity of scene-driven, technological traction, and resource support capabilities. Tianjin University-Hoopox Technology Blockchain Lab will establish a comprehensive R&D development model based on the concept of integrated resources and complementary advantages based on voluntary fairness, resource sharing, and common development. An in-depth exploration of applications in the Internet of Things, supply chain management, finance, medical industry, information security, smart government, and other fields. Hoopox, a member of the aelf Innovation Alliance, has been entrusted to develop the aelf blockchain system and has a commercial license. Additionally, Hoopox can use aelf Enterprise for business activities. aelf's blockchain system is not based on any existing blockchain base layer and has been independently developed by Hoopox in its entirety. Tianjin University, formerly known as Peiyang University, is the first modern university in China. The university was one of the first 16 universities accredited by the nation in 1959. Tianjin University is one of the top 10 universities in China. In particular, computer science ranks among the top 1% in the world, becoming the 7th discipline of Tianjin University to enter the top 1% of the world (ESI). View original content to download multimedia:http://www.prnewswire.com/news-releases/hoopox-and-tianjin-university-established-a-blockchain-technology-laboratory-to-effectively-promote-the-deep-integration-of-blockchain-industry-university-research-300988873.html
  • Start and Embark on An Exciting New Year Journey in Hong Kong with Marriott International
    Kick Off the Chinese New Year with Double Rewards HONG KONG, Jan. 17, 2020 /PRNewswire/ -- Marriott International brings guests a portfolio of hotels, from where you may discover beautiful views and outdoor activities, indulge in delicious food, unwind and celebrate lifestyle against the backdrop of the bustling city or find fun with the family in adventurous trips. From now until 31 March 2020, enjoy the "Stay for Breakfast" offer by adding a supplement of HK$100 at the 11 Marriott International hotels with 9 brands in Hong Kong, you will receive 4 tickets to access to "Gala of Lights", Ocean Park's first-ever multimedia show, per room per stay.  Indulgence at Ocean Park’s first-ever multimedia show "Gala of Lights" Furthermore, when the Lantern Festival meets Valentine's Day, it's a perfect time to treat your loved ones to an amazing celebratory escape. From 18 January to 16 February 16 2020, earn double bonus points while enjoying the "Stay for Breakfast" offer at the 11 Marriott International hotels in Hong Kong as a Marriott Bonvoy member. Both offers are applicable at the hotels including The Ritz-Carlton, Hong Kong, The St. Regis Hong Kong, W Hong Kong, JW Marriott Hotel Hong Kong, Hong Kong Ocean Park Marriott Hotel, Hong Kong SkyCity Marriott Hotel, Sheraton Hong Kong Hotel & Towers, Le Méridien Cyberport, Renaissance Harbour View Hotel Hong Kong, Courtyard by Marriott Hong Kong and Courtyard by Marriott Hong Kong Sha Tin. From the Dragon's Back to the Islands District, Hong Kong is home to some stunning spots for exploring the great outdoors. Gather friends and family together and earn these fabulous views on foot. The city may be small in area but is big in culture, with new design and art center landmarks popping up all over the city. Formerly the Police Married Quarters, PMQ now houses around 100 design and creative enterprises, providing fashion accessories, food, furniture, jewellery and watches, design services and design galleries. These centres for heritage and arts, a place of inspiration, stimulation and enjoyment, showcase the vibrant and unique culture of Hong Kong. Explore your unique holidays and experiences with Marriott International hotels in Hong Kong. For reservations, please visit Double Rewards offer: http://deals.marriott.com/china/hong-kong/doublepointshk?scid=e654441b-21bc-4dab-92a6-34fb8f981c23   "Gala of Lights" offer: http://deals.marriott.com/china/hong-kong/galaoflightshk?scid=99f4f98d-cc07-4843-8a8b-ced38cc25342 About Marriott International Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 7,000 properties in 30 leading hotel brands spanning 132 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company now offers one travel program, Marriott BonvoyTM, replacing Marriott Rewards®, The Ritz-Carlton Rewards®, and Starwood Preferred Guest®(SPG). For more information, please visit our website at http://www.marriott.com, and for the latest company news, visit http://www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram. Click here to download more images. Photo - https://photos.prnasia.com/prnh/20200117/2695587-1?lang=0 Related Links :http://www.marriott.com
  • Xinyuan Real Estate Announces Changes to Board of Directors
    BEIJING, Jan. 17, 2020 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), a New York Stock Exchange-listed global real estate developer and property manager, today announced the appointment of Ms. Wendy Hayes to the Board of Directors, effective immediately. The Board welcomes Ms. Hayes, who will serve as a director and a member of the Company's audit committee. Ms. Hayes replaces Mr. Yumin Liang, who is resigning from the Board to pursue other opportunities. Ms. Hayes has over two decades of senior financial experience. She previously worked at Deloitte (US and China) and Public Company Accounting Oversight Board (PCAOB). Her experience is also complemented by strong academic and professional credentials that include the CPA designations in both China and California (US). "We are excited to welcome Wendy to our board," said Mr. Yong Zhang, Chairman of Xinyuan. "Wendy brings decades of industry experience to our company. We believe we will benefit immediately from her valuable insights and extensive experience. Meanwhile, on behalf of the board, I would like to thank Mr. Liang for his significant contributions to Xinyuan. We wish him the best in his future endeavors." About Xinyuan Real Estate Co., Ltd. Xinyuan Real Estate Co., Ltd. ("Xinyuan") is an NYSE-listed real estate developer and property manager primarily in China and in other countries. In China, Xinyuan develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi'an, Suzhou, among others. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. Xinyuan aims to provide comfortable and convenient real estate related products and services to middle-class consumers. For more information, please visit http://www.xyre.com. For More Information Please Contact: Xinyuan Real Estate Co., Ltd.Mr. Charles WangInvestor Relations DirectorTel: +86 (10) 8588-9376Email: irteam@xyre.com Blueshirt GroupIn U.S.: Ms. Julia QianEmail: julia@blueshirtgroup.com In China: Ms. Susie WangEmail: susie@blueshirtgroup.com View original content:http://www.prnewswire.com/news-releases/xinyuan-real-estate-announces-changes-to-board-of-directors-300988819.htmlRelated Links :http://www.xyre.com
  • Happiness Biotech Group Limited Announces Financial Results for the Six Months Ended September 30, 2019
    NANPING, China, Jan. 17, 2020 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer, today announced its unaudited financial results for the six months ended September 30, 2019. The financial results has been filed in a 6-K with the U.S. Securities and Exchange Commission (the "SEC") on January 10, 2020. Financial Highlights for the six months ended September 30, 2019: Sales for the six months ended September 30, 2019, were $31.36 million, relatively stable compared with $31.43 million in the prior year period. Operating income was $9.82 million for the six months ended September 30, 2019, a slight decrease of 5.4% from the prior year period due to increases in general and administrative fees incurred for brand advertisement. The Company reported $8.42 million of net income attributable to common shareholders, or $0.37 per basic and diluted share in the six months ended September 30, 2019, compared to net income attributable to common shareholders of $8.80 million, or $0.38 per basic and diluted share, in the comparative period. Mr. Xuezhu Wang, Chief Executive Officer of Happiness Biotech, commented, "We are pleased to announce our financial results for the six months ended September 30, 2019. We have experienced a relatively stable half year in 2019 while we have continued the efforts to open new Experience Stores. As previously announced, we have opened the 31st Experience Store in December and we will continue to open more in the last fiscal quarter. The margin decreases slightly mainly due to our increased marketing expenses and new store expansion. However, we are confident that we will be rewarded with higher margin and revenue after a sizable network of experience stores being established." Financial Results for the six months ended September 30, 2019 compared with the six months ended September 30, 2018 Revenues We generated revenues primarily from manufacture and sales of nutraceutical and dietary supplements made of Lucidum spore powder and others. The following table presents an overview of our sales from our product lines for the six months ended September 30, 2019 and 2018 respectively: For the six months ended September 30, Variance 2019 2018 Amount Percentage Lucidum spore powder products $ 10,948,813 $ 9,257,583 $ 1,691,230 18.3% Percentage Per Total 34.9% 29.5% 5.4% Cordyceps mycelia products 4,699,302 5,753,333 (1,054,031) (18.3)% Percentage Per Total 15.0% 18.3% (3.3)% Ejiao solution products 4,299,052 4,708,850 (409,798) (8.7)% Percentage Per Total 13.7% 15.0% (1.3)% Vitamins and dietary supplements products 3,729,571 4,376,868 (647,297) (14.8)% Percentage Per Total 11.9% 13.9% (2.0)% American ginseng products 2,316,048 2,425,689 (109,641) (4.5)% Percentage Per Total 7.4% 7.7% (0.3)% Others 5,364,760 4,910,880 453,879 9.2% Percentage Per Total 17.1% 15.6% 1.5% Total $ 31,357,546 $ 31,433,204 $ (75,658) (0.2)% As of September 30, 2019, we marketed and sold approximately 32 kinds of nutraceutical and dietary supplements products with "Blue Caps" approved by State Food and Drug Administration of PRC ("SFDA") encompassing over 200 distributors in 27 different provinces and 30 experience stores in China. Lucidum spore powder products: Our sales from Lucidum spore powder products have grown heavily in the six months ended September 30, 2019, increased by $1,691,230 or 18.3%, to $10,948,813. This rise was mainly attributed to the more intensive marketing activities of Lucidum spore power products and the growth of sales from experience stores. Cordyceps mycelia products: Compared with the prior year, it accounts for 15.0% of our total revenues of the six months ended September 30, 2019. The revenues generated from sales of Cordyceps mycelia products dropped from18.3% due to heavier competition in traditional nutrition market and lower retail prices of Cordycepts mycelia products. Ejiao solution products months: The sales of Ejiao solution products accounted for 13.7% and 15% of revenue recognized during the six months ended September 30, 2019 and 2018, respectively. As compared with the six months ended September 30, 2018, our sales of Ejiao solution products months decreased slightly by $409,798, or 1.3% for the six months ended September 30, 2019. The decrease of Ejiao products was mainly due to pricing competition in traditional nutrition market. Other products: The sales of other products accounted for 17.1% and 15.6% of revenue recognized during the six months ended September 30, 2019 and 2018, respectively. Our sales of other products increased by $453,879, or 9.2% for the six months ended, September 30, 2019. This growth is primarily attributable to increase of sales volume of our newly promoted Lucidum enriched products, such as Lucidum snake oil cream. Cost of Revenue  Cost of revenue decreased by $54,648, or 0.4%, from $15,586,713 for the six months ended September 30, 2018 to $15,532,065 for the six months ended September 30, 2019. Gross margins are relatively stable for six months period ended September 30, 2019 compared to that for the six months period ended September 30, 2018; amounted to be 50.5% and 50.4% for the six months ended September 30, 2019 and 2018, respectively. Selling and Marketing Expenses The selling expenses increased from $3,320,375 for the six months ended September 30, 2018 to $3,593,053 for the six months ended September 30, 2019, representing an increase of $272,678, or 8.2%. The increase was primarily due to increases in commercial and advertising cost strengthening our brands during the six months ended September 30, 2019. General and Administrative Expenses The general and administrative expenses increased from $970,036 for the six months ended September 30, 2018 to $1,275,679 for the six months ended September 30, 2019, representing an increase of $305,643, or 31.5%. The increase was primarily due to increases in professional fees incurred for brand advertisement. Research and Development Expenses The research and development expenses were relatively stable comparing these two reporting periods. These expenses were $1,172,894 and $1,134,505 for the six months ended September 30, 2018 and for the six months ended September 30, 2019 respectively. Income from Operations The income from operations decreased from $10,383,186 for the six months ended September 30, 2018 to $9,822,244 for the six months ended September 30, 2019, representing a decrease of $560,942, or 5.4%. The decrease was primarily due to increases in general and administrative fees incurred for brand advertisement. Income Tax We incurred income tax expense of $1,484,154 for the six months ended September 30, 2019, representing a decrease of $72,846 or 4.7%, compared to $1,554,000 for the six months ended September 30, 2018. Our effective income tax rates for the six months ended September 30, 2019 and 2018 were 15.0%. Net income As a result of the foregoing, net income for the six months ended September 30, 2019 was $8,423,297 representing a decrease of $381,523, or 4.3% from $8,804,820 for the six months ended September 30, 2018.Net margin was 26.9% for the six months ended September 30. 2019 and 28% for the six months ended September 30, 2018. Liquidity and Capital Resources As of September 30, 2019 and March 31, 2019, we had cash and cash equivalents of $23,832,048 and $14,800,772 respectively. We did not have any other short-term investments. As of September 30, 2019 and March 31, 2019, our current assets were approximately $59.5 million and $54.8 million, respectively, and our current liabilities were approximately $5.1 million and $4.7 million, respectively. Net cash provided by operations for the six months ended September 30, 2019 was $8,943,354 and net cash provided by operations for the six months ended September 30, 2018 was $5,101,977. About Happiness Biotech Group Limited. Headquartered in Nanping, China, Happiness Biotech Group Limited is an innovative China-based nutraceutical and dietary supplements producer focused on the research, development, manufacturing and marketing of a variety of products made from Chinese herbal extracts and other ingredients. The Company's goal is to provide high-quality products to our consumers. Over the past 14 years, the Company has established a product portfolio consisting of 32 SFDA registered "Blue-Cap" SKUs of nutraceutical and dietary supplements products. For more information, please visit: http://www.happ.org.cn. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at http://www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. View original content:http://www.prnewswire.com/news-releases/happiness-biotech-group-limited-announces-financial-results-for-the-six-months-ended-september-30-2019-300988529.htmlRelated Links :http://www.happ.org.cn/
  • Chinese Singer LU Han's New Single "Dream up" Released and the Third Concert Tour to Start in 2020
    BEIJING, Jan. 17, 2020 /PRNewswire/ -- Fenghua Qiushi announced that at the beginning of 2020, the Chinese singer LU Han releases his new single "Dream up", a proclamation to himself in the new year: This is me, the outline drawn for dreams; This is me, going all out for dreams. At the same time, "Dream up" is also the promotional song of LU Han's third concert tour. Chinese Singer LU Han’s New Single “Dream up” Released and the Third Concert Tour to Start in 2020 "Dream up" was officially launched on January 17. The song's low-frequency processing of the vocal on the Trap + EDM-based framework endows the lyrics "This is me, let me do it with dreams" with a texture of resoluteness and leaves an ineffaceable impression in the audience. It is when people are still immersed in the decisiveness and attitude of facing the self in the song of LU Han that the MV "Dream up" is released. This MV unprecedentedly and creatively combines animation and reality to bring the classic image of LU Han (Deer Man) in his previous MVs onto a dream-pursuing journey. The tortuous story as well as the iconic objects and characters in the MV has also sparked discussions and speculations among netizens and fans as soon as it is released in China. What exactly does the lizard in the story represent? What do the companions in the MV and the hovering objects in the sky imply? I believe everyone can find his or her own answers in this story. As one of the representatives among post-90s singers, LU Han has never abandoned his original intentions for music since the release of his first album "Reloaded" in 2015. One attempt leading to another breakthrough, he has won the heart of so many fans with his extremely distinctive music style. In 2019, LU Han became China's first singer to rake in a sale amount of RMB 100 million for his digital albums in all platforms. As the promotional song of LU Han's third concert tour, "Dream up" also marks the inauguration of the singer LU Han's 2020 solo concert tour. What touching moments and surprises will he bring to fans? Looking forward to the performance he promises the fans. View original content to download multimedia:http://www.prnewswire.com/news-releases/chinese-singer-lu-hans-new-single-dream-up-released-and-the-third-concert-tour-to-start-in-2020-300988856.html
  • Cheetah Mobile Appoints New Chief Financial Officer
    BEIJING, Jan. 17, 2020 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company with global market coverage, today announced that it has appointed Mr. Thomas Jintao Ren as the Company's Chief Financial Officer, effective January 31st, 2020. Mr. Ren will succeed Mr. Vincent Jiang, who plans to resign from his position for personal reasons. In the future, Mr. Vincent Jiang will continue to support the Company's growth. Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer stated, "We are pleased to welcome Thomas to join Cheetah Mobile as Chief Financial Officer. With his strong track records in capital markets, corporate finance and management, we believe Thomas will be a great addition to our management team and will bring rich experience for Cheetah Mobile's future development." Mr. Ren stated, "I am honored to be appointed as the chief financial officer of Cheetah Mobile. I look forward to working with the team to continue our growth and strengthen our leadership in the industry." Thomas Jintao Ren will join us from Renren Inc. (NYSE: RENN), where he has served as a chief financial officer since September 2015. Mr. Ren also served as the chief financial officer of Kaixin Auto Holdings (NASDAQ:KXIN) from September 2015 to August 2019. Kaixin Auto Holidings is a subsidiary of Renren Inc. Prior to rejoining Renren Inc., Mr. Ren was the chief financial officer at Chukong Technologies. From 2005 and 2014, Mr. Ren served as Renren Inc.'s senior finance director. Prior to that, Mr. Ren had worked at KPMG for five years. Mr. Ren holds a bachelor's degree in economics from Renmin University of China. He is a certified public accountant in China and the United States, and a chartered professional accountant in Canada. About Cheetah Mobile Inc. Cheetah Mobile is a leading mobile Internet company with global market coverage. It has attracted hundreds of millions of monthly active users through its mobile utility products such as Clean Master and Cheetah Keyboard, casual games such as Piano Tiles 2, Bricks n Balls, and live streaming product Live.me. The Company provides its advertising customers, which include direct advertisers and mobile advertising networks through which advertisers place their advertisements, with direct access to highly targeted mobile users and global promotional channels. The Company also provides value-added services to its mobile application users through the sale of in-app virtual items on selected mobile products and games. Cheetah Mobile is committed to leveraging its cutting-edge artificial intelligence technologies to power its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.  Safe Harbor Statement This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: Cheetah Mobile's growth strategies; Cheetah Mobile's ability to retain and increase its user base and expand its product and service offerings; Cheetah Mobile's ability to monetize its platform; Cheetah Mobile's future business development, financial condition and results of operations; competition with companies in a number of industries including internet companies that provide online marketing services and internet value-added services; expected changes in Cheetah Mobile's revenues and certain cost or expense items; and general economic and business condition globally and in China. Further information regarding these and other risks is included in Cheetah Mobile's filings with the U.S. Securities and Exchange Commission. Cheetah Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. Investor Relations ContactCheetah Mobile Inc.Helen Jing ZhuTel: +86 10 6292 7779 ext. 1600Email: helenjingzhu@cmcm.com ICR Inc.Jack WangTel: +1 (646) 417-5395Email: IR@cmcm.com View original content:http://www.prnewswire.com/news-releases/cheetah-mobile-appoints-new-chief-financial-officer-300988849.html
  • Tennis Young Gun Stefanos Tsitsipas Honoured with Special Edition Souvlaki with 100% of Sales Going to Bushfire Relief
    Melbourne Greek institution, Stalactites, has re-launched 'Tsitsipas Souvlaki' for a limited time only MELBOURNE, Australia, Jan. 17, 2020 /PRNewswire/ -- Melbourne Greek restaurant institution 'Stalactites' has been reveling in the success of its Hellenic heroes – Stefanos Tsitsipas and Marcos Baghdatis – during the Australian Open and in previous years have even created special souvlakis in their name. Stefanos Tsitsipas at Stalactites, Melbourne Greek Restaurant This year, Stalactites has re-launched the 'Tsitsipas Souvlaki', but this time 100% of sales are going directly to bushfire relief (CFA and Wildlife Victoria), adding to the AUD10,000 already donated by Stalactites and its owners. On Friday 17 January, Tsitsipas greeted media and joined the team in the Stalactites kitchen to prepare his 'Tsitsipas Souvlaki' to raise awareness of the new collaboration in light of the recent Australian bushfires. The 'Tsitsipas Souvlaki' (AUD17) contains ingredients based on the tennis star's collaboration with the restaurant, and includes lamb gyros, tomato, tzatziki, fresh pomegranate, onion, fresh basil and mint, crumbled feta, chips, and a touch of chilli. In 2006, Marcos Baghdatis, a regular customer of the restaurant, made the final against Roger Federer and the restaurant created the 'Baghdatis Souvlaki' and then followed suit during Stefanos Tsitsipas' dream AO run in 2019 – who also lists Stalactites as amongst his Melbourne favourites. "We are so proud of our Greek and Cypriot tennis players and their success in the sport, so we and our community have really gotten behind the souvlakis created for them. This year is extra special to us and we're launching the Tsitsipas Souvlaki ahead of the tournament in the hopes to raise as much money as we can for the current bushfire crisis," says Nicole Papasavas of Stalactites. Last year, Stalactites donated 50% of the proceeds from the 'Tsitsipas Souvlaki' to the player's charity Together for Children NGO, with an impressive total of AUD8,000. The limited edition 'Tsitsipas Souvlaki' is on sale now until the end of the Australian Open on February 2. "We encourage everyone to come down and try the souvlaki, it's delicious and it'll taste even better knowing it's for a good cause!" added Papasavas.  Image Attachments Links:http://asianetnews.net/view-attachment?attach-id=355896 View original content to download multimedia:http://www.prnewswire.com/news-releases/tennis-young-gun-stefanos-tsitsipas-honoured-with-special-edition-souvlaki-with-100-of-sales-going-to-bushfire-relief-300988852.html
  • Phoenix Tree Holdings Limited ("Danke") Announces Pricing of Initial Public Offering
    BEIJING, Jan. 17, 2020 /PRNewswire/ -- Phoenix Tree Holdings Limited ("Danke" or the "Company") (NYSE: DNK), one of the largest co-living platforms in China with the fastest growth, today announced the pricing of its initial public offering of 9,600,000 American Depositary Shares ("ADSs"), each representing ten Class A ordinary shares of the Company, assuming the underwriters do not exercise their option to purchase additional ADSs, at US$13.50 per ADS. The ADSs will begin trading today on the New York Stock Exchange under the ticker symbol "DNK". The Company has granted to the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,440,000 additional ADSs. The total gross proceeds of the offering are expected to be approximately US$129.6 million if the underwriters do not exercise their option and approximately US$149.0 million if the underwriters exercise their option to purchase additional ADSs in full. Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and J.P. Morgan Securities LLC are acting as joint bookrunners of this offering. A registration statement related to the offering has been filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus forming a part of the effective registration statement. Copies of the prospectus related to the offering may be obtained from: (1) Citigroup Global Markets Inc., Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by phone at +1-800-831-9146; (2) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, Eleven Madison Avenue, New York, NY 10010, United States, or by phone at +1-800-221-1037; and (3) J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by phone at +1-866-803-9204. About Danke Danke, one of the largest co-living platforms in China with the fastest growth, is redefining the residential rental market through technology and aims to help people live better. Empowered by data, technology, and a large-scale apartment network, Danke's vibrant and expanding ecosystem connects and benefits property owners, residents and third-party service providers, and delivers quality and best-in-class services through an innovative "new rental" business model featuring centralization, standardization, and a seamless online experience. Danke was founded in 2015 and is headquartered in Beijing, China. For more information, please visit http://www.danke.com. Investor Relations ContactDanke IREmail: ir@danke.com Bill ZimaICR, Inc.Phone: +1 203-682-8200 Media Relations ContactDanke PREmail: pr@danke.com Edmond LococoICR, Inc.Phone: +86 (10) 6583-7510   View original content:http://www.prnewswire.com/news-releases/phoenix-tree-holdings-limited-danke-announces-pricing-of-initial-public-offering-300988837.htmlRelated Links :http://www.danke.com
  • 111, Inc. Featured at 38th Annual JP Morgan Healthcare Conference
    CEO Junling Liu shares 111, Inc.'s experience driving change in China's healthcare and pharmaceutical industry SHANGHAI, Jan. 17, 2020 /PRNewswire/ -- Junling Liu, co-founder, Chairman, and Chief Executive Officer of 111, Inc. (NASDAQ: YI) a leading integrated online and offline healthcare platform, gave an address entitled "Driving Transformation in China's Healthcare and Pharmaceutical Industry" at the 38th Annual JP Morgan Healthcare Conference (the "Conference"). The JP Morgan Healthcare Conference, from January 14-18, 2020, in San Francisco, is regarded as one of the world's most important forums on the global healthcare sector from an investment perspective, sharing insights on emerging industry and investment trends. This year, participants joined from more than 450 public and private companies, with 9,000 attendees including industry leaders, investors and analysts. At the conference, Chairman Liu represented China's online pharmaceutical and healthcare industry. His presentation focused on the evolving landscape and huge growth potential of China's online pharmaceutical and healthcare industry, supported by new national health sector reforms. Chairman Liu said: "Healthcare is one of the largest and fastest growing industries in China, and is at a historical turning point. China's population is aging rapidly. By 2020, more than 245 million people will be over 60. Chronic diseases associated with aging are also rising. In 2019, there were more than 300 million patients with chronic diseases. At the same time, incomes are rising steeply, with sustained economic growth leading to higher disposable incomes. The national average for disposable income per capita was reported as US$4,000 in 2018, with urban disposable income per capita as high as US$5,858. These and other factors are leading to growth expectations in the healthcare industry at an annual rate of 12% over the next five years."[1],[2],[3],[4] Since 2019, China has launched a number of policies aimed at boosting the online pharmaceuticals and healthcare industry. These include the Centralized Drug Procurement Policy, initially introduced in 11 pilot cities (the "4+7" Policy) which will expand to more provinces and regions. China has also included online medical services in its basic medical insurance, and the new Drug Administration Law allows online sales of prescription drugs under certain conditions. Meanwhile, the industry still faces various pain points, including high fragmentation, low operational efficiency, and lack of transparency. 111's new omni-channel e-commerce platform strategy has been designated to help pharmaceutical companies commercialize the innovative drugs that will dominate the future healthcare market as the "4+7" policy expands geographically. By leveraging its proprietary integrated online and offline healthcare platform, 111 will deliver value adding to pharmaceutical manufacturers and enable them to expand coverage beyond their current distribution channels - i.e., major hospitals in 1st and 2nd tier cities, large pharmacy chains and medical representatives, to include additional pharmacies, clinics, private hospitals, community hospitals, hospitals in 3rd to 6th tier cities and patients. 111 has also introduced a new life-cycle patient management solution, which provides the patients with consultation, medication guidance, chronic disease management and online prescription drugs refills, in an effort to improve medication adherence rates.  Chairman Liu added: "We are confident that within the next three years, 111 will cover over 400,000 pharmacies, clinics and hospitals, serve over 100 million patients directly and indirectly, and establish strategic partnerships with more than 1,000 leading pharmaceutical companies. Against the backdrop of a favorable policy environment, in the latest version of our T2B2C strategy we are building an omni-channel e-commerce platform. Going forward, 111 will remain committed to its mission of 'Technology for Better Healthcare', leveraging our innovative business model and technological expertise to upgrade and transform the industry value chain. We will work to create a more efficient and transparent healthcare ecosystem serving the demands of the domestic Chinese market." [1] Health China Action 2019-2030; [2] Health Management Blue Paper 2018: China's Health Management and Health Industry Development Report [3] National data form the National Bureau of Statistics of China [4] China Pharmaceutical Market Development Outlook and Investment Opportunities Analysis Report 2018-2023 by the Chinese Academy of Industry Economy Research Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as 111's strategic and operational plans, contain forward-looking statements. 111 may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company's ability comply with extensive and evolving regulatory requirements, its ability to compete effectively in the evolving PRC general health and wellness market, its ability to manage the growth of its business and expansion plans, its ability to achieve or maintain profitability in the future, its ability to control the risks associated with its pharmaceutical retail and wholesale businesses, and the Company's ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq Global Market, including its ability to cure any non-compliance with Nasdaq's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and 111 does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. About 111, Inc. 111, Inc. (NASDAQ: YI) ("111" or the "Company") is a leading integrated online and offline healthcare platform in China. The Company provides hundreds of millions of consumers with better access to pharmaceutical products and healthcare services directly through its online retail pharmacy and indirectly through its offline pharmacy network. 111 also offers online healthcare services through its internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation and electronic prescription services. In addition to providing direct services to consumers through its online retail pharmacy, 111 also enables offline pharmacies to better serve their customers. The Company's online wholesale pharmacy, 1 Drug Mall, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. The Company's new retail platform, by integrating the front and back ends of the pharmaceutical supply chain, has formed a smart supply chain, which transforms the flow of pharmaceutical products to pharmacies and modernizes how they serve their customers. For more information on 111, please visit http://ir.111.com.cn. For more information, please contact: 111, Inc.IR DirectorMs. Monica MuE-mail: ir@111.com.cn  Christensen In ChinaMr. Christian ArnellPhone: +86-10-5900-1548E-mail: carnell@christensenir.com In USMs. Linda BergkampPhone: +1-480-614-3004Email: lbergkamp@christensenir.com  View original content:http://www.prnewswire.com/news-releases/111-inc-featured-at-38th-annual-jp-morgan-healthcare-conference-300988788.htmlRelated Links :http://ir.111.com.cn
  • BizLink Technology (Changzhou) Ltd starts construction of a new production facility in Changzhou National Hi-Tech District
    CHANGZHOU, China, Jan. 17, 2020 /PRNewswire/ -- On December 31, 2019, BizLink Technology (Changzhou) Ltd held a ceremony for the groundbreaking on the construction of the new manufacturing plant in Changzhou, China's Xinbei district. BizLink Technology (Changzhou) Ltd will relocate part of its production of parts and accessories for PC power supply wire harnesses, complete wire harnesses for Tesla vehicles, as well as charging cables and piles to the new plant. Investment in the project totaled US$120 million with registered capital of US$40 million. Upon completion, the facility's output is expected to generate sales of 1 billion yuan (approx. US$140 million) annually. BizLink Technology (Changzhou) Ltd starts construction of a new production facility in Changzhou National Hi-Tech District BizLink is a leading provider of reliable interconnect solutions for high-frequency signal transfer equipment, server connection lines, automotive main wire bundles, electric vehicle battery management wire bundles and wires for Class I and Class II medical equipment. With annual sales of approximately 3 billion yuan (approx. US$450 million), BizLink has built a long list of customers in both the electrical and automotive worlds. With a registered capital of US$5 million, BizLink Technology (Changzhou) Ltd estimates that it generated 672 million yuan (approx. US$97 million) in sales and contributed 33 million yuan (approx. US$4.8 million) in taxes for 2019. About Changzhou National Hi-Tech District (CND) Changzhou National Hi-Tech District (CND) is located in the heart of the Yangtze River Delta. There are more than 1,600 foreign-invested companies in CND. Recently, CND is accelerating the development pace and intensifying the efforts on construction of an industrial base, making 2 pillar businesses: equipment manufacturing (precision machinery) and new materials bigger and stronger. The emerging industries consist of new generation of information technology, biomedical, new energy vehicle, photovoltaic and aviation. Related Links: http://www.cznd.gov.cn Photo - https://photos.prnasia.com/prnh/20200107/2684525-1?lang=0Related Links :http://www.czxx.org.cnhttp://www.cznd.gov.cn
  • Roan Holdings Group Co., Ltd. Appoints New Chief Financial Officer
    BEIJING, URUMQI, China and HANGZHOU, China, Jan. 17, 2020 /PRNewswire/ -- Roan Holdings Group Co., Ltd. ("Roan" or the "Company") (OTC Pink Sheets: RAHGF), a non-bank financial corporation servicing micro-, small- and medium-sized enterprises in China, today announced that Ms. Shen Lihua will join the Company to serve as its new Chief Financial Officer, effective January 17, 2020. Her predecessor, Ms. Li Jingping, will continue to serve as Chairwoman for the Company's Board of Directors. "We are excited to welcome Lihua to the team as she assumes the role of Chief Financial Officer," commented Mr. Liu Zhigang, Chief Executive Officer of Roan. "With more than two decades of experience in financial management, accounting, and auditing, Lihua is the ideal candidate to lead our financial team and spearhead growth going forward. Lihua will play a crucial role during our current business upgrade as she oversees the fiscal components of our business, further augments our financial performance, and supports the advancement of new initiatives. I would also like to express our gratitude to Jingping for all she has done and continues to do for the company. Her expertise and insights continue to add value at each stage of our development." Ms. Shen holds over 29 years of accounting experience and has distinguished herself via her thorough knowledge of corporate finance and internal financial controls. Ms. Shen has held a number of senior financial positions with corporations in China, from director of finance to chief accountant. Since 2017 and prior to joining Roan, Ms. Shen served as the director of finance for Lixin (Hangzhou) Asset Management Co., Ltd. From 2002 to 2017, Ms. Shen served as a department manager at Da Hua CPAs (Special General Partnership) Zhejiang Wanbang Branch. From 1998 to 2000, Ms. Shen served as the chief accountant for Wanxiang Qianchao Co., Ltd., before becoming an audit manager at Wanxiang Group. Ms. Shen holds the CICPA designation and is a graduate of Zhejiang University of Finance & Economics. About Roan Holdings Group Co., Ltd. Founded in 2009, Roan (formerly known as China Lending) is a non-bank financial corporation and provides comprehensive financial services to micro-, small- and medium-sized enterprises, and individuals. Roan has moved its principal executive office from Urumqi, the capital of Xinjiang Autonomous Region, to Hangzhou, the capital of Zhejiang province. For more information, please visit: http://www.chinalending.com (the Company is in the process of applying for a new domain name based on the new corporate name). Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among others, the consummation of the proposed transaction, and can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Such statements are based upon management's current expectations of the consummation of the proposed transaction, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. IR Contact:At the Company:Katrina WuEmail: wuxiaoqing@roanholdingsgroup.comPhone: +86-571-8662 1775 Investor Relations:Xinran RaoICR Inc.Email: ICR-TMT@icrinc.com Phone: +1 646-224-6936 View original content:http://www.prnewswire.com/news-releases/roan-holdings-group-co-ltd-appoints-new-chief-financial-officer-300988823.htmlRelated Links :http://www.chinalending.com
  • Hexindai Announces Changes to Board of Directors
    BEIJING, Jan. 17, 2020 /PRNewswire/ -- Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer lending marketplace in China, today announced the appointment of Ms. Luping Wei to the Company's Board of Directors (the "Board"), effective from January 15, 2020. The Company also announced that Ms. Lili Hua, Chief Operations Officer and Director of the Company resigned for personal reasons. Ms. Hua's resignation did not result from any disagreement with the Company. Ms. Wei has served as Hexindai's Vice President of Operations since 2019. She joined the Company in 2013 as an Operations Manager and advanced to the Operations Director in 2018. Prior to joining Hexindai, she worked in multiple firms where she was responsible for the operation of websites and new media, and developed unique and considerable experience in the operational management of internet companies. Mr. Xiaobo An, Hexindai's Founder, Chairman and Chief Executive Officer commented, "I am pleased to welcome Ms. Wei to the Board. We believe Ms. Wei's extensive background and experience in the Internet sector will be of great value to us and will contribute meaningfully towards our strategic long-term growth goals. We also want to thank Ms. Hua for her contribution and service to the Company during her tenure. We wish her the best." About Hexindai Inc. Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company") is a fast-growing consumer lending marketplace based in Beijing, China facilitating loans to meet the increasing consumption needs of underserved prime borrowers in China. Hexindai provides borrowers with convenient and ready access to comprehensive consumer finance services. Hexindai's strong user acquisition capabilities, cutting-edge risk management system, and strategic relationships with respected financial institutions allow the Company to generate higher customer satisfaction, reliance, and realize fast growth. Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the Company's goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace's products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.  For more information, please visit ir.hexindai.com For investor inquiries, please contact: Hexindai Investor RelationsMrs. Simon HeTel: +86-10-8341 2324Email: ir@hexindai.com Christensen In ChinaMr. Christian ArnellPhone: +86-10- 5900-1548E-mail: carnell@christensenir.com  In USMr. Tip FlemingPhone: +1-917-412-3333Email: tfleming@Christensenir.com View original content:http://www.prnewswire.com/news-releases/hexindai-announces-changes-to-board-of-directors-300988779.htmlRelated Links :www.hexindai.com
  • Rogers International Commodity Index (RICI(R)) Composition Unchanged
    SINGAPORE, Jan. 17, 2020 /PRNewswire/ -- Following the annual meeting of the Rogers International Commodity Index (RICI®) Committee, Jim Rogers and Beeland Interests, Inc. announce no adjustments to the weights of components comprising the RICI.  This outcome reaffirms the founding premise that for the sake of transparency, consistency and stability, composition changes to the RICI be infrequent. The RICI represents the value of a compendium (or "basket") of globally traded commodities employed in the global economy (38 commodity futures contracts), ranging from agricultural and energy products to metals and minerals. The RICI and its various sub-indexes are used by many investment banks and investors throughout the world. A copy of the current RICI Handbook may be downloaded free of charge at the following Internet link:  http://www.beelandinterests.com/RICI%20Handbook.html Jim Rogers, an advocate of commodities-based investing, created the RICI in 1997 and 1998 and is the CEO of Beeland Interests, Inc., the owner of the Index. The RICI Committee, currently chaired by Jim Rogers, determines the Index components and weights. Jim Rogers also is the author of Investment Biker, Adventure Capitalist, Hot Commodities, A Bull In China, A Gift to My Children and Street Smarts – Adventures on the Road and in the Markets. "Jim Rogers", "James Beeland Rogers, Jr.", and "Rogers" are trademarks and service marks of, and "Rogers International Commodity Index" and "RICI" are registered trademarks and service marks of, Beeland Interests, Inc., which are used subject to license.  The personal names and likeness of Jim Rogers/James Beeland Rogers, Jr. are owned and licensed by James Beeland Rogers, Jr.Related Links :http://www.beelandinterests.com
  • Dunhuang, China Introduces Travel Opportunities for 2020
    DUNHUANG, China, Jan. 17, 2020 /PRNewswire/ -- Dunhuang, China has recently announced new benefits of visiting the city in the upcoming Chinese New Year celebrations. Dunhuang, China Introduces Travel Opportunities for 2020 Visit Dunhuang for Impeccable Folk Culture and Historical Sites Dunhuang is home to the following famous scenic spots: the Mount Mingsha and Yueya Spring Scenic Area (a 5A National Scenic Area); the Wind Erosion Landscape Global Geopark (a 4A Scenic Area); and the Yumen Pass (a UNESCO World Heritage Site). During the Spring Festival and the Lantern Festival, visitors will be able to enjoy many festive folk activities, such as shehuo (a celebration of traditional Han culture), lantern show, molten iron fireworks and New Year blessing invocation, in local major attractions like the Town of Yueyaquan, the Town of Dunhuang, the Leiyin Temple, the Cultural Museum and the Library. Visitors will be able to enjoy the following until March 31, 2020: Half Price for Scenic Areas 50% off for all local hotels and restaurants Free Entrance for visitors taking flights to Dunhuang Dunhuang welcomes visitors in 2020 for shopping, yummy food and entertainment. Photo - https://photos.prnasia.com/prnh/20200117/2695504-1?lang=0
  • Thailand Board of Investment Points Out the High Potential for Thailand to Be Bioplastics Hub
    BANGKOK, Jan. 17, 2020 /PRNewswire/ -- Thailand is attracting billions of baht of investments in bioplastics from global and local players seizing the opportunities the country offers as a production hub for bio-based industries due to its abundant raw materials, existing value chain and supportive government policies, the Thailand Board of Investment said. Thailand Board of Investment (BOI) Secretary General Duangjai Asawachintachit attended the grand opening ceremony of the Total Corbion PLA (Thailand) Ltd. plant back in September 2019. In the past four years, the BOI approved a total of 15 bioplastics production project worth a total of 16.1 billion baht in investment value, according to BOI data. "The global market for bioplastics is steadily growing, thanks to increasing demand for eco-friendly products by consumers worldwide, strong support from the public sector and technological innovation from the private and industrial sectors," said BOI Secretary General Duangjai Asawachintachit. "With our strong agricultural base and with Southeast Asia projected to become the world's major bioplastics manufacturing region in the next 10 years, Thailand is well positioned to grow as a bioplastics hub, regionally and globally," she added. Thailand grows a wide range of agricultural products, including around 30 million tons of cassava a year, a commodity for which it is the world's top exporter. As for supporting industries, Thailand currently has thousands of companies covering various stages of the bioplastics value chain. The opening, in September 2019, of the world's second largest PLA (Poly Lactic Acid) plant by Total Corbion PLA (Thailand) Ltd., a joint venture between French energy group Total and Amsterdam-based biochemicals company Corbion, represented another important step in the development. "It's an important contribution to the sector as it adds to other bioplastic makers already invested in Thailand, including international companies such as Mitsubishi Chemical Corporation, as well as local and regional players," Ms Duangjai said. The Total Corbion PLA factory, which is located at the Asia Industrial Estate in Rayong Province, has a production capacity of 75,000 tons per year of PLA, a versatile biopolymer with a low carbon footprint, using renewable resources such as sugar cane as raw materials. PTT MCC Biochem, a joint venture between Thailand's PTT Global Chemical PCL, and Japan's Mitsubishi Chemical Corporation (MCC), has also received BOI's investment incentives for its production facility in Rayong. The plant of a biochemical called bio-butanediol (BIO BDO) made from raw materials including raw sugar and cassava. With the growing trend towards circular economy, bioplastics is seen by many as a sustainable alternative to chemically produced plastics, as they help limit the use of fossil resources and reduce the emission of CO2 and greenhouse gases. The global bioplastics production capacity is set to increase from around 2.1 million tonnes in 2019 to 2.4 million tonnes in 2024, European Bioplastics, the European association representing the interests of the industry, said in December. Application for bioplastics is largely in packaging, but other sectors including textiles, consumer goods, transport and automotive, building and construction also illustrate an increasing share of the global demand for bioplastic materials. "The trend towards Bioplastics not only boosts economic growth in the manufacturing sector but also agriculture production and the circular economy as a whole," Ms Duangjai said. The BOI offers a wide range of investment incentives to activities related to the sector to support the manufacture of eco-friendly chemicals and of eco-friendly products. Investment in bioplastics-related projects are granted 8-year corporate income tax (CIT) exemption, import duty exemption for machinery as well as other non-tax benefits. For more information, please contact:Thailand Board of InvestmentTel. +66 (0) 2553 8111Website: http://www.boi.go.th Photo - https://photos.prnasia.com/prnh/20200117/2695599-1?lang=0Related Links :http://www.boi.go.th
  • Cultural Festival in Weifang, Shandong Presents Local New Year Customs
    WEIFANG, China, Jan. 17, 2020 /PRNewswire/ -- The 2020 Weifang Cultural Festival of Chinese New Year Customs & Shandong Intangible Cultural Heritage Month & New Year Celebration, a large-scale event for Spring Festival celebrations, was recently launched on the Commercial & Cultural Street of Weifang Shihu Garden. As the New Year approaches, the workshops of the Yangjiabu Woodblock New Year Paintings are getting busy supplying the festival market. In the photo, a worker is sorting out the newly printed New Year paintings. This cultural event is divided into two sections. The first section is the Cultural Festival of Chinese New Year Customs, including six activities such as the launching ceremony, the 2020 Shandong Weifang Intangible Cultural Heritage Assembly for New Year Gifts and the Intangible Cultural Heritage Show for Spring Festival Celebration; the second section is the Shihu Garden New Year Culture Temple Fair & Lantern Show, which includes twelve activities such as Lantern Show, Gourmet Festival and the Intangible Cultural Heritage Featured New Year Celebration. According to Weifang Release, the WeChat Official Account of the Weifang Municipal People's Government, the event aims to improve Weifang's cultural taste, enrich people's cultural life during the Spring Festival, highlight the artistic and historical values of traditional customs, and meet the growing cultural needs of the people. Weifang, Shandong has profound cultural traditions and numerous intangible cultural heritages, such as the Weifang Kites, the Yangjiabu Woodblock New Year Paintings and the Gaomi Maoqiang Opera. In particular, the Yangjiabu Woodblock New Year Paintings and the Weifang Kites enjoy tremendous popularity in the world. Image Attachments Links: http://asianetnews.net/view-attachment?attach-id=355890 http://asianetnews.net/view-attachment?attach-id=355891 Inheritors of intangible cultural heritages are performing the Chinese yo-yo in the temple fair held in Qingzhou Ancient City Tourist Area in Weifang, which attracts many tourists for Spring Festival celebrations. View original content to download multimedia:http://www.prnewswire.com/news-releases/cultural-festival-in-weifang-shandong-presents-local-new-year-customs-300988790.html
  • Where to Eat, Play and Buy for the Lunar year, Changing the World by Consumption
    HONG KONG, Jan. 17, 2020 /PRNewswire/ -- Stepping into 2020, Tithe Ethical Consumption Movement (TECM) organized by Fullness Social Enterprise Society (FSES) is entering its 9th Anniversary. The organizer aims to drive more awareness and support to the sustainability of social entrepreneurship in Hong Kong, while TECM enhances the notion of "Change the World by Consumption". To start the year, TECM will be collaborating with various social enterprises in arranging various workshops and bazaars for the public to enjoy. TECM After 8 years of hard work, along with the support from the government, corporates, social enterprises, volunteers and consumers, Tithe Ethical Consumption Movement has successfully incorporated over 200 social enterprises in town in promoting ethical consumption as well as helping the socially vulnerable. By extending the momentum from 2018, TECM has kicked off the new year with the theme -  "Where to Eat, Play, Buy Well for the Lunar Year" along with a media preview by inviting media and KOL influencers for a workshop hosted by social enterprises (SE) under the St. James' Settlement. The enterprises include the GroundWorks, a SE which supports local farming and handcrafts; and "Share Moments" Cafe, a SE which promotes healthy eating. Under the chef from GroundWorks, not only that the media were able to learn about how to make peanut candy through the workshop, they were also introduced the idea of making conscious consumptions at social enterprises as they prepare for the Lunar Year. To know more, please like the Facebook page of Tithe Ethical Consumption Movement and keep a close eye on what local social enterprises have to offer during the Lunar New Year. After the Lunar New Year, TECM will continue its work by partnering with various local SE and organizations and will be launching different promotion campaigns. Be sure to check out their social media platforms in case of missing any of it. For More Information: Here "Share Moments" Cafe "Share Moments" Cafe launches its first "Lunar New Year Pun Choi", bringing a twist to the traditional celebration plate. Using the Japanese Dashi broth as the base while adding 14 different freshly selected ingredients including roasted poussin, black tiger shrimps, scallops, Japanese Cha Siu, yam fishballs, Japanese fishcakes, etc, giving the traditional plate a daring twist. Without adding MSG and with low salt, sugar, and oil, chef from the cafe wishes to shake the stigma off greasy Pun Choi, providing a healthier option to the market. "Share Moments" Cafe has different traditional snacks, including curry fishballs, Siu Mai with Fish, and faux shark fin's soup. There is also the new Miso bakes drumstick. Lunar New Year Pun Choi (8-10 servings) Takeaway: $988up/ In-shop Lunch: $1,488upLaunch Period: 3rd February to 29th March 2020 Booking Hotline: 9062 8345 Ordering before 24th January enjoys early bird discountAddress: 74 Stone Nullah Ln, Wan Chai (Blue House) Ground Works Address: Wan Chai, Stone Nullah Ln, 74A (Blue House)Phone: 2116 1106 Ground Works launches many gift sets during this Lunar New Year. Other than its own organic sweets and jams, sets also include shrimp roe noodles and vegan noodles from Liu Chuen Noodle Food Manufactory. These gift sets also incorporate organic goods, setting it apart from ordinary Lunar New Year gift sets. About FSES Contribute Profession, Promote Innovation, Transform the City Established in 2011, FSES is the first non-profitable organization formed by intellectual volunteers in Hong Kong. Its vision is to gather professionals from different fields as volunteers, whose knowledge, expertise and experience will be the concrete basis for the sustainability of social entrepreneurship and social innovation. Its events cover the fields of politics, business, sociology, education, civics, etc. As such, social enterprises in town can blossom and thrive. FSES also deliberately formulates an actionable ideology, which leverages knowledge to realize social innovation, and in turn transform the city. About TECM Sponsored by the Home Affairs Bureau, Tithe Ethical Consumption Movement organized by FSES is entering its 9th anniversary. TECM gathers over 200 social enterprises, covering 5 different areas including "eating", "playing", "buying", and "individual and corporation service". Myriads of promotion events will be held. This year, TECM will reinforce the cooperation between business and social parties, with an aim to foster stronger and more intimate bonding between social enterprises and organizations in all fields. Diverse workshops, training programs, and matching platforms will be continuously held, through which social enterprises may have more opportunities to develop their business. Simultaneously, business parties can leverage resources more effectively and give their best back to society. Photo - https://photos.prnasia.com/prnh/20200116/2694582-1?lang=0
  • British School Jakarta Promotes Water Activities to Boost Students' Learning Experience
    JAKARTA, Indonesia, Jan. 17, 2020 /PRNewswire/ -- British School Jakarta (BSJ) has unveiled a new play-based program in its Kindergarten called Splash and Play in an attempt to stimulate students' multi-sensory exploration through a range of water play sessions. Held on a weekly basis, the programme allows children to play and explore within the school's bespoke and interactive water play area. The Splash and Play's latest water play area in British School Jakarta "Water play will foster preschoolers' learning in multiple areas, from science, math, physical coordination, social and emotional development. Fun and interactive water play will also boost the students' interest in continuing with this type of learning experience throughout their Kindergarten years," said Shane Nathan, BSJ Head of Primary.  BSJ's Splash and Play runs between 1.45 pm and 2.45 pm every Wednesday. During the session, children are exposed to a wide variety of aqua activities that can be chosen according to their interests. They include fun water games with physical equipment and soft play areas, as well as experiential water-based craft activities. Mr. Nathan added, "Completing the fun water challenges, children will learn how to run and dodge the tumbling bucket waters or hop around the water jet sprays. Through this, children will develop important motor skills to help them gain strength and confidence in their body. Children will also learn how to manage their thoughts and emotions every time they're trying to overcome certain obstacles during the games." BSJ Assistant Head of Student Wellbeing, Laura Crossland, explained, "We also add a creative twist on the water play sessions, in which children are allowed to widen their sensory experience as they put their hands to different textures. Mixing colors in water, children will boost their creative thinking in simple science. Also, by using physical materials such as sponges, bottles, and water balloons, they become aware of their senses and emotions when pouring, squirting, scrubbing, and squeezing."  In each Splash and Play session, children will be accompanied by their parents, giving opportunities for parents to cultivate new connections and share experiences of children's first learning development. About British School Jakarta: British School Jakarta (BSJ) has long enjoyed a reputation as an excellent launchpad for children wishing to attend top universities around the world. Founded in 1974, BSJ has educated a community of over 50 nationalities in Indonesia, consistently sending its students to the best universities around the world, including the USA's Ivy League universities and the UK's Russell Group. Media contact: Farhana Asnap +62217451670 farhana@bsj.sch.id Photo - https://photos.prnasia.com/prnh/20200117/2695560-1?lang=0
  • HMJ International Co., Ltd. (HMJI) Expands its Presence in Indonesia and Malaysia
    Establishing a joint venture with Topotels Hotels & Resorts, one of the region's fastest growing hotel management companies JAKARTA, Indonesia, Jan. 17, 2020 /PRNewswire/ -- Hotel Management Japan Co. Ltd. (HMJ), a prominent hotel operator that manages some of Japan's renowned hotels such as the Oriental Hotel Tokyo Bay, Kobe Meriken Park Oriental Hotel, Hilton Tokyo Odaiba, and Namba Oriental Hotel, through its sister company, HMJ International Co., Ltd. (HMJI), is expanding its presence in Indonesia and Malaysia through its establishment of P.T. HMJ International Indonesia (HMJII). HMJII was formed as a joint venture between HMJI and the former shareholders of Topotels Investmana Manajement (Topotels) on January 6, 2020. Asides from the joint venture with Topotels, HMJ is planning to open their latest brand hotel - Amoda, a 4-star hotel in Jakarta, in 2022. The joint venture between PT Hotel Management Japan International with Topotels Investmana Manajement "We are very pleased to announce our new partnership with Topotels, one of Asia's up and coming hotel chains. Our new partnership allows the HMJ group to expand outside of Japan and pursue the group's goal of becoming an international hotel chain," says Allan Takahashi, President of HMJ and Representative Director of HMJ International. "Our new partnership will also provide opportunities for Topotels hotel employees to work and train at several of HMJ's hotels in Japan and vice versa," says Takahashi. HMJI, along with its sister company, Hotel Management Japan Co. Ltd., operates 20 hotels throughout Japan with close to 6,000 hotel rooms, and expects to open 4 new hotels in 2021. Established in 2005, the HMJ group employs about 2,700 staff in Japan, and has grown its hotel operation platform from 13 hotels in 2018 to its current portfolio of 20 hotels. The joint venture with Topotels Hotels & Resorts is expected to add 19 hotels with a total of 3,600 rooms in Indonesia and Malaysia to the HMJ group hotel portfolio. Additionally, the joint venture has a growing pipeline of approximately 8 hotels with 750 rooms in Indonesia. The HMJ group takes pride in its management flexibility and visionary business model which allows it to broaden its presence across different cities around the world. Thus, HMJI's investment in Indonesia is expected to provide operational and financial support, along with management resources, that will enhance the quality of the Topotels platform. Topotels Hotels & Resorts, which operates 19 hotels in Indonesia and Malaysia, with a room count of 3,600 rooms, is known for providing a guest hotel experience which conveys the warm quality of "hospitality from the heart". Topotels hotel brands in Indonesia include Odua, Ayola, and Renotel. A few of the hospitality awards achieved by Topotels Hotels & Resorts include Travel and Tourism Award (2015-2016) in the category of Indonesia Leading Regional Hotel Chain, Bali Tourism Award (2015-2016) in the category of Bali Leading Regional Hotel Chain, and Indonesian World Record Museum (MURI) as the Fastest Overseas Hotel Management from Indonesia (2016). "According to our vision and mission to become a leader in hospitality in the region, Topotels Hotels & Resorts will always commit to expand its network and to prioritize the growth of our quality. We are delighted to establish a joint venture with HMJ International as we see it as a golden opportunity to widen our presence in the eyes of our domestic and international guests, and to deliver a positive impact to our hotel platform," stated Yonto Wongso, CEO & Co-Founder of Topotels Hotels & Resorts. Moreover, with this commitment in Indonesia, the HMJ group aspires to further grow the Topotels operating platform in the region, which includes working closely with its broad base of Japanese hotel owners and developers for their potential hotel investments in Indonesia and in the ASEAN region.  Additionally, HMJII plans to retain all current employees of Topotels and provide key staff with opportunities to work in Japan to assist with the HMJ group's growth in Japan during the next few years. About Hotel Management Japan Co., Ltd. Hotel Management Japan Co., Ltd. (HMJ) is a hotel management company that operates 20 hotels in Japan with a total of 5,951 rooms. HMJ operates widely in the sphere of hotel management, such as for Tokyo Disney Resort® partner hotels, as well as for domestic and foreign brands such as "Oriental", "Hilton", "Marriott", and "Holiday Inn" nationwide in Japan. http://www.hmjkk.co.jp/ About Topotels Hotels & Resorts Established since 2012, Topotels Hotels & Resorts operates 17 hotels in Indonesia and Malaysia. Topotels hotel brands in Indonesia include Odua Hotel, Ayola, and Renotel. Topotels Hotels & Resorts was co-founded by Yonto Wongso (Chief Executive Officer) and Ojahan Oppusunggu (Chief Technical Officer). https://topotels.com/ Photo - https://photos.prnasia.com/prnh/20200117/2695523-1?lang=0
  • JD.com announces new commitments with partners at CES
    BEIJING, Jan. 17, 2020 /PRNewswire/ -- JD.com announces new commitments with key brand partners at Consumer Electronics Show (CES), the world's largest consumer electronics show. Strengthening the partnership through new commitments includes: JD.com announces new commitments with partners at CES Consumer to Manufacturer (C2M) products  As one of the first brands to partner with JD on C2M in China, HP cooperated with JD successfully in the gaming PC segment. In 2015, HP launched its Gaming Brand OMEN and successfully introduced the OMEN Gaming PC series, now JD is officially HP's "Best WW partner for OMEN by HP Growth" in 2019, HP and JD plan to launch 100 C2M products in the next two years. Trial experiences to target Office 365 users  JD and Microsoft China will promote a trial experience to target Office 365 users. The two companies have been partnering closely during the recent years to bring the omnichannel retail experience to Chinese users and have launched the Microsoft Re-imagined Retail at JD's Retail Experience shops in the cities including Wuhan, Suzhou and Meizhou. JD.com forms partnership with Kingston US $800 million in sales over the next three years  JD and Kingston start a new milestone through beginning a second 10-year partnership following years of successful cooperation beginning in 2009. The two companies are targeting US $800 million in sales over the next three years. JD.com cooperates with Western Digital Worldwide Most Valuable Partner  JD is named Western Digital's "Worldwide Most Valuable Partner" for 2019, and both parties strengthen cooperation. JD and Western Digital cooperate strategically in tailored products, supply chain and marketing solutions, which helped Western Digital gain significant sales growth. Tao Ren, General Manager of JD Computers and Digital Products said: "We are proud to make these new commitments which can only be brought about through strong partnerships forged in trust. We are pleased to partner with the world's leading consumer electronics brands to bring the best they have to offer over 330 million Chinese consumers." During this past Single's Day sales period, JD launched "JD E-SPACE", a custom-built, 50,000-square-meter shopping destination in Chongqing, China, which provides experiential shopping through integrating fun, technology and convenience for consumers. At the store, customers can get their hands on the products displayed during CES, including the new Microsoft Surface Pro 7 launched in November and the Surface Laptop 3 launched in December, 2019.   View original content to download multimedia:http://www.prnewswire.com/news-releases/jdcom-announces-new-commitments-with-partners-at-ces-300988746.html
  • Huayi Tencent Entertainment Partners with Huayi Brothers for Joint Investment and Production of Roland Emmerich's Moonfall
    HONG KONG, Jan. 17, 2020 /PRNewswire/ -- Huayi Tencent Entertainment Company Limited ("Huayi Tencent Entertainment" or the "Company"; stock code: 00419.HK; together with its subsidiaries collectively known as the "Group") is pleased to announce that the Company partners with Huayi Brothers, the Company's parent company, to jointly invest in and produce Moonfall, a Hollywood science fiction epic to be directed by Roland Emmerich, and has obtained the distribution right of the movie in China. Moonfall will be jointly produced by Roland Emmerich, director of 2012, The Day After Tomorrow and Independence Day series, Centropolis, Street Entertainment, Huayi Brothers and Huayi Tencent Entertainment. The story narrates that the moon is driven out of orbit by a mysterious force and collides toward the Earth, bringing doomsday to the Earth due to gravitational imbalance. Amid desperation, a seemingly disorganized squad decides to fight the final battle to protect the Earth and human kind. The movie has achieved outstanding sale records in the 72th Festival de Cannes in 2019. AGC Studio will be responsible for its international sale, with Lionsgate seizing the distribution right in North America. The Group and Huayi Brothers have secured the distribution right in China. Shooting of the movie will start in this year. Mr. Wang Zhonglei, Executive Director of Huayi Tencent Entertainment, expressed: "Roland Emmerich is a master of Hollywood science fiction movie and his works are loved by audiences in China. Moonfall is another masterpiece of him as he returned to his expertise, science fiction movie, after directing various movies that have shocked the world. No matter in terms of the production team or the story, the movie is full of space for imagination. Moonfall will be one of the important representing projects of the Group for entering international movie market with content production as entry point." The Company entered into a cooperation framework agreement with Huayi Brothers in May 2019 to strengthen investment and distribution synergy, facilitating the Group's outstanding achievements in movie and entertainment industry in China and around the globe. Following the investments and developments in the past two years, the Group anticipates that 3 to 4 movies will be released globally in this year, which is expected to motivate the substantial boost of revenue and scale of the Group's entertainment and media business. About Huayi Tencent Entertainment Company Limited Huayi Tencent Entertainment Company Limited (Stock Code: 00419.HK) is a new media company integrating culture and entertainment. It produces quality international films, animations, and TV dramas, and invests in international entertainment companies through M&As and resource integration, aimed at building an integrated platform with both content development and online-to-offline entertainment channels. Currently, Huayi Brothers (Stock Code: 300027.SZ) and Tencent (Stock Code: 00700.HK) are the controlling shareholders of Huayi Tencent Entertainment. About Roland Emmerich Roland Emmerich is a famous Hollywood "science fiction movie master" who has been awarded Lifetime Achievement Award in Bavarian Film Awards, the highest honor in Germany movie industry. Since 1985, he has participated in over 30 movies including Independence Day, Independence Day: Resurgence, Stargate, Godzilla, The Patriot, The Day After Tomorrow, 2012, White House Down and Midway etc., with accumulated global box office of more than USD$4 billion. About Centropolis Entertainment Company Limited Centropolis Entertainment Company Limited is movie production company jointly established by the famous Hollywood director and producer Roland Emmerich and his sister. Since 2017, in order to possess more exclusive copyright, Centropolis has been expanding its vertical movie business based on the foundation of traditional movie production. Since the epic Midway, Centropolis has been completing project financing independently and monitoring the whole process of the movie making from development, production, financing, delivering, global sale and marketing. Moonfall will be the second piece of work applying the same business model.Related Links :http://www.huayitencent.com/
  • KLM carries record number of passengers in 2019 and offers flights to 172 destinations in 2020
    MANILLA, Philippines, Jan. 17, 2020 /PRNewswire/ -- KLM Royal Dutch Airlines warmly thanked customers and employees who made 2019 a memorable year for KLM with a KLM year film:  2019 the year of the century. https://youtu.be/2xe_74UZpNs KLM welcomed 35 million passengers on board, added six new destinations to its network, Wroclaw, Boston, Bangalore, Guanacaste, Napels and Las Vegas. KLM is also pressing on with its fleet renewal programme and welcomed several new Boeing 737-800's, B767-10's and Embraer E2-195's. At Schiphol Airport a new Crown lounge opened up working towards the ambition to offering travellers the most attractive lounge in the world with innovative concepts, such as service on the spot, entertainment options and fine-dining. In 2020, KLM will offer flights to 172 destinations including a new destination in March to Cork, Ireland. Take off to Europe or the Americas in 2020 with KLM Royal Dutch Airlines. The KLM Dream Deals are on sale on http://www.klm.ph until 4th February, 2020 for travel from 17 January to 30 November, 2020. Return economy class light fare tickets, include hand baggage only, from Manila to European destinations start at USD655- (all-in) For more information and bookings visit: http://www.klm.ph KLM Service center at + 63 2 588 6900 About KLM Philippines KLM offers convenient daily flights between Manila and Amsterdam Schiphol Airport with a stop in Taipei. MANILA – AMSTERDAM – MANILA (with a stop in Taipei) Flight number From To Departure Arrival Flights operated by Boeing B777-300/200 Winter Summer Winter Summer KL808 MNL AMS 20:35 20:05 06:40+1 06:55+1 KL807 AMS MNL 20:50 20:55 19:20+1 18:45+1  
  • Singapore Cocktail Festival Returns with a Sixth Edition from 15 to 22 May 2020
    SINGAPORE, Jan. 17, 2020 /PRNewswire/ -- Singapore Cocktail Festival (SGCF) returns from 15 to 22 May 2020, marking the celebrations with the Festival Village's new home at Bayfront Event Space (next to Marina Bay Sands). This year's edition welcomes #SGCFBarAcademy into the Village, as well as the inaugural BarStar Award, which aims to spotlight emerging bartending talents amongst the Festival's partner bars. SGCF, which saw 8,500 attendees in 2019, is the annual coming together of cocktail enthusiasts, bartenders, bar owners, spirit makers and brand ambassadors from around the world. The revelry kicks off with the Asia's 50 Best Bars awards ceremony on 14 May 2020. This will be followed by eight spirited days of Taste, Learn and Play at the Festival Village, and across the best bars and restaurants in the city. THE FESTIVAL VILLAGE (15 TO 17 MAY 2020) From 15 to 17 May 2020, the Festival Village finds a new home at Bayfront Event Space, a prime outdoor locale situated next to the waterfront promenade in Marina Bay. This year's Festival Village showcases a revamped suite of experiences: SGCF Pavilion, featuring 50 Best acclaimed bars such as Hope & Sesame (Shanghai, China) and The Old Man (Singapore); Trade conversations organised by #SGCFBarAcademy, the educational pillar of the Festival; and '50 Minutes with 50 Best', presented by The World's 50 Best Bars organisation Gin Pavilion, showcasing world-famous gin makers such as Brass Lion Distillery, Hendrick's Gin, Monkey 47, Tanglin Gin and Roku Gin Whiskey and Rum Pavilion, where lovers of brands such as BenRiach, Glenglassaugh, Havana Club, Maker's Mark, Monkey Shoulder, Old Forester and Woodford Reserve can gather Open Marquee, which congregates Singapore's best bars, such as CÉ LA VI, CIN CIN and Mitzo Restaurant & Bar; and the ever-popular Artisanal Spirits Tasting Room Live music and DJ sets by music partners, CÉ LA VI and NINETEEN80, will keep the spirit going, and the Food Street, which brings together some of Singapore's favourite restaurants will also return. To buy tickets, go to http://www.singaporecocktailfestival.com. EVENTS AROUND THE CITY (18 TO 22 MAY 2020) From 18 to 22 May 2020, the cocktail celebrations continue with Festival promotions and events happening across participating bars and restaurants in the city. All promotions are redeemable via the Sluggr app, and participating venues include IBHQ, Idlewild, Jekyll & Hyde, Origin Bar, Smoke & Mirrors and more. Bar Tours, which take guests to four cocktail venues in one night, are also available for booking. This year's Festival sees the inaugural launch of the BarStar Award, presented by SGCF to spotlight aspiring young bartenders. The competition challenges bartenders to create a cocktail inspired by the neighbourhood of the bar they represent. The winner will emerge through votes placed by renowned drinks writers, bartenders and bar owners. Singapore Cocktail Festival is organised by The Events Artery and Food News Integrated Marketing Agency. For more information, go to http://www.singaporecocktailfestival.com. Logo - https://photos.prnasia.com/prnh/20200109/2686805-1logo?lang=0Related Links :http://www.singaporecocktailfestival.com
  • The BFA Annual Conference 2020 to Kick off in Late March
    A World in Change: Bond Together for a Shared Future BEIJING, Jan. 17, 2020 /PRNewswire/ -- On January 14, the Secretariat of the Boao Forum for Asia (BFA) held a press conference in Beijing to announce that the BFA Annual Conference 2020 (AC 2020) will be held from March 24 to 27 in Boao, Hainan around the theme of "A World in Change: Bond Together for a Shared Future." The world economy is now at crossroad of change, the international situation is fraught with fluctuations and uncertainties. Global economic growth rates keep hitting new lows, and multilateral trade frameworks and the global governance regime are confronted with serious challenges. In this state of flux, there are deep-rooted causes for economic slowdown. Current global governance practices lag behind the need to achieve common development, and the world is faced with considerable challenges to fulfill the UN Sustainable Development Goals. Looking to Asia, the overall growth momentum is expected to be maintained. Against the backdrop of the reversal of the open policy in some developed countries, the Asia-Pacific region has made progress in free trade agreements. Asian economies such as China are moving towards high-quality development, safeguarding the achievements of globalization with practical actions and becoming the mainstay of multilateralism,international cooperation and free trade. However, Asian countries are generally facing downward pressure and need to deal with various challenges in the development process. How can we create new growth momentum for the world economy and inject "positive energy" into global development? How can we bring order to this world in flux and prevent chaos amid changes? The closely-watched AC 2020 will echo the shared concerns of the international community, focus on frontier issues in world development, mobilize support for multilateralism and international cooperation, and steer changes around the world towards win-win outcomes. According to Li Baodong, Secretary General of the BFA, the preliminary agenda will be composed of more than 50 sessions, which feature five modules: Development Trends, Industrial Changes, Forefront of Innovation, Beautiful Life and Global Governance, which respectively highlight the keywords of change (as the background), reform (as the solution), innovation (as the driver), development (as the goal) and cooperation (as the key). Sustainable development is also an area of concern, and the topics will cover almost all aspects of UN sustainable development goals. It is necessary for the international community to further build consensus and strengthen cooperation to achieve the goals, and the Boao Forum for Asia will, as always, play an active role in this regard. In addition, Li said that BFA will launch six flagship reports, namely "Asian Economic Outlook and Integration Progress 2020", "Free Trade Agreements: Asia's Choice", "Asian Financial Development Report on Financial Inclusion", "Report on Asia Poverty Reduction 2020", "Innovation Report", and "Report on The First Conference of the Global Health Forum". In 2020, Boao Forum for Asia will also carry out a series of activities in China and abroad. In conjunction with the G20, a conference will be held in Riyadh, Saudi Arabia, in February; the second Global Health Forum will be held in Qingdao in June; and the first Global Economic Development and Security Forum will be held in Zhuhai, Guangdong Province, in September. In addition, the Boao Forum for Asia will also hold activities in Belgium, Finland , Italy, etc. In response to a reporter's question on what the biggest problem and solution is in the current world political and economic situation, Li said that the biggest problem facing the world today is the crisis of trust and confidence in global governance. The rules established after World War II have been greatly challenged, and only through multilateralism and international cooperation can we solve the problem. Unilateralism will only push the world into a mess full of estrangement and friction, the fundamental way to solve the crisis is to build a community with a shared future for mankind. The BFA is a high-level cross-cultural, multi-disciplinary and trans-sectoral dialogue platform. Since its inception, the BFA, based in Asia and with a global outlook, has increasingly become an important bridge for communication and interaction between eastern and western political, business and academic communities. As the flagship event of the BFA, AC 2020 will bring together more than 2,000 participants to share perspectives and insights on the development of Asia and the world, including heads of state/government, leaders of international organizations, ministers, business leaders, economists and media representatives.    View original content:http://www.prnewswire.com/news-releases/the-bfa-annual-conference-2020-to-kick-off-in-late-march-300988712.html
  • Singapore Pioneer Artist Fan Chang Tien Showcases His Collection of Masterpieces in Beijing 31 Years After His Passing Reaffirming the Artistic and Cultural Links between the Two Countries
    Following a distinguished exhibition in Beijing attended by fans, fellow artists and government representatives, the family of the late Singapore pioneer artist - Fan Chang Tien intends to continue exhibiting his artworks to other parts of China and Asia in the effort to share his legacy and philosophy with art fans and collectors around the world SINGAPORE, Jan. 17, 2020 /PRNewswire/ -- After a successful debut in Beijing, Fan Chang Tien: Homecoming of a Heritage, organized by The Fan Chang Tien Committee, was held last August 2019 where over 80 pieces of his works were on display at the CICEC (China International Cultural Exchange Centre), it was only natural that his artistic journey and achievements should be celebrated in Singapore. The decision to further the exhibition to other provinces and countries was inspired by heartfelt words from Wu Weishan, Director of the National Art Museum of China during their exchange in August. Wu presented a Collection Certificate to Fan's daughter, Teresa Yao, Chairwoman of The Fan Chang Tien Committe for the donation of Fan's works to the museum, expressing his gratitude to the family and committee and said in his congratulatory speech that, "Master Fan had a profound education and devoted his life to studying traditional culture and had a strong feeling of duty to carry forward the Chinese culture to the next generation. Fan has made tremendous contributions to promoting the cultural exchange between China and Singapore and deepening the friendship between these two countries. These works will always be valued and preserved in the National Art Museum of China." Being the link between the 'haipai' Shanghai School tradition in China and the burgeoning art scene in Singapore, Fan was essential in providing Singaporean artists an alternative mode of modernist ink paintings that, though with an entwined heritage, was ultimately different from that taught in NAFA (Nanyang Academy of Fine Arts). Yao said, "Father was a man of few words, his emotions and philosophy were all expressed in his poetry in the calligraphic inscriptions in his paintings, and it was his lifelong wish that his works could be exhibited in China, the country of his birth." She shared that Fan had no intention to leave China in 1949, however, he was posted to Thailand for work, and subsequently landed in Singapore in 1956. Fan was a fervent mentor as all his energy and attention was channeled to teaching the fundamentals in the tradition of Chinese ink painting, and kept emphasizing to his students that only when they have mastered the basics were they free to develop a style of their own. Fan cultivated core values of Chinese culture to his students and his dedication to art helped nurture a new generation of Singaporean ink artists. Some of his students included Cultural Medallion recipient- Chua Ek Kay, Nai Swee Leng, Lim Kay Hiong, Henri Chen Kezhan, Lim Cher Eng and Tan Oe Pang. CEO of National Gallery Singapore, Ms Chong Siak Ching said in her letter to the family, "Mr. Fan Chang Tien's lasting legacy within the development of ink art in Singapore is a testament to his unwavering dedication to the traditional principles of Chinese Ink, and the key role he played in the transmission of these ideals to his students". Currently the gallery has in their collection, 71 pieces of Fan's works some of which are currently on display. Plans for more exhibitions have already started. The family mentioned that they are exploring options with a few museums and galleries in different provinces and cities in China. The Fan Chang Tien Committee: The Fan Chang Tien Committee was initially formed in 2012 with the purpose of promoting Fan's works in Singapore. In 2014, Fan Chang Tien - The Literati Artist book was launched and 50 pieces of his works were exhibited at The Arts House in Singapore. The committee hopes to showcase the artistic legacy of the late Fan Chang Tien and promote traditional ink brush painting to art lovers in Asia and beyond.  Current Exhibition: In conjunction with Singapore Art Week 2020, Fan Chang Tien: The Timeless Ink Heritage exhibition will be on show at artcommune gallery at Carlton Hotel (Singapore) from 3-19 January 2020. Curated by Tan Yong Jun. This exhibition aims to uncover the many facets of Fan's adherence to classicism and traditionality- aspects of his art that continue to be relevant today as his students further posit the form of a 'new literati painting'. Links:Letter from National Gallery: http://fanchangtien.com/wp-content/uploads/2020/01/Letter-to-Fan-Chang-Tien-Homecoming-Exhibition-Committee.pdfWebsite: http://www.fanchangtien.com For PR enquiries please contact:Frederick YaoHp: +65-8222-2297Frederick.yao@whitelabelkollektiv.comRelated Links :http://www.fanchangtien.com
  • Greenhost Hotel is Continuing to Incorporate Environmentally-Friendly Initiatives in Its Daily Operations
    YOGYAKARTA, Indonesia, Jan. 17, 2020 /PRNewswire/ -- As hospitality industry has a dramatic environmental impact through energy, water consumption, food waste and and electronic waste; Greenhost Hotel -- an eco-conscious boutique hotel located in the renowned Prawirotaman area of Yogyakarta, takes its steps to helping to protect the environment. Greenhost Hotel is Continuing to Incorporate Environmentally-Friendly Initiatives in Its Daily Operations. Greenhost takes thoughtful considerations in various stages of the operations to minimize any ecological impact, first thing first, by incorporating the rooms and buildings with various up-cycled materials. Greenhost tries to minimize buying new materials, and do the best to reuse and repurpose old materials for the hotel. 80% of the hotel is not painted, so there is room for the building to breathe, and the rest of it uses water-based paint. Apart from the Creative Farming -- a hydroponic garden that produces plants to be consumed in the restaurant, the hotel also buys fresh produces and other restaurant's needs from local market to support the community. In guest rooms, the electrical capacity is set at 6 Amps. Air Conditioning isn't available in the lobby area to minimize greenhouse gas emissions. The amenities are also locally sourced -- including but not limited to -- the hotel slippers and the rice soaps in the guest bathrooms. One of the artist design rooms incorporates various up-cycled materials to create resilient furniture that changing yesterday's unwanted items into a brand new style that is both eye-catching and functional. Maximizing recycled paper for Art Kitchen's menu, -- Vegan Friendly Greenhost Boutique Hotel's farm-to-table restaurant, applying no straw policy, using scrap paper for internal documents to make the best use of paper, placing an electronic waste drop box for guests and local communities are the several steps the hotel takes to make the hotel more sustainable. From time to time, the hotel hosts collaborative creative events in its space, working closely together with influencers and communities that share the same passion and vision. "We are aware that we have many works to do ahead related to eco conscious steps. It should be noted, as a hotel that holds the principle of environmental awareness, we are still taking steps gradually, both to minimize the use of plastic and other environmental impacts. Under Ayom Group -- the Hotel Group that is managing Greenhost, we will also build hotels in Lombok in the next years," adds Mrs. Vivie Elizabeth as Corporate Genaral Manager. About Greenhost An eco-conscious boutique hotel located in Prawirotaman, Yogyakarta. For more information please visit https://greenhosthotel.com Media Contact Nindita PutriCommunications Lead, Greenhost Boutique Hotelcommunication@greenhosthotel.com+62 274 389777 Photo - https://photos.prnasia.com/prnh/20200116/2694627-1?lang=0Related Links :https://greenhosthotel.com
  • Disney, UOB and SIA among the top three most reputable brands of Singapore by Isentia
    SINGAPORE, Jan. 17, 2020 /PRNewswire/ -- Isentia, the APAC leading media intelligence and insights specialist has released a list of top ten 'Most Reputable Brands of Singapore'. The Most Reputable Brands In Singapore Isentia's reputation rankings report uncovers how major financially successful brands are perceived by the public in Singapore based on how they perform across Strategy, Culture, Delivery - the three pillars of reputation. Disney emerged as the most reputable company, followed by UOB & Singapore Airlines. Starbucks, Samsung, Netflix took fifth, sixth and seventh spots while Apple, OCBC, DBS closed in at eight, nine, and tenth. Significant excitement and buzz surrounding Disney+ and Star Wars' The Mandalorian pushed Disney to the top spot. Streaming wars conversations had netizens compare Disney with Netflix and HBO despite Disney not being available in Singapore. CEO Bob Iger's leadership in the advent of the Disney+ launch, partnership with Amazon & rising Disney's stocks also contributed Disney's number one rank as Singapore's most reputable brand. The Eight Riversuites condominium crisis, where a video of an Indian national resident abusing a security guard went viral on social media, sparked huge discussion on Foreign Talent on social media. Not only was JP Morgan affected, but the incident also sent ripples across the entire banking industry. This incident sparked a slew of conversations about the banks operating in Singapore employing Foreign Talents (FTs) in their workforce. While netizens slammed DBS & HSBC for employing a huge proportion of FTs for their workforce, UOB was praised for their diversity in the workforce and netizens perceiving OCBC to be employing a (perceived) balanced approach to FTs in comparison to other banks. It may have seemed like Singapore Airlines (SIA) might have a rough year when it came to their reputation as they slipped to no. 2 spot in the world's best airlines 2020 list. But Singaporean netizens were still proud of SIA that the company is in the top 3 & best first-class airline. It goes to show that not all crises lead to damage in reputation. SIA also made the news when the Kpop band BTS vlogged their experience onboard the Business class. The members were amazed by the amenities and food. In the end, it turned out to be good for SIA's reputation with strong performances under the Delivery pillar. Riding on a great reputation, netizens have also criticised and shared their positive reviews to combat the negative review by a famous travel blogger reviewing SIA as not worth money and crew being the 'biggest letdown'. Prashant Saxena, Head of Insights, mentioned, "Financial success doesn't guarantee a positive reputation for brands. Brands that are doing well at present may fail in the future if they are not admired by their employees, stakeholders, customers and society. Measuring your reputation, understanding where you sit in the continuum of reputation deficit or surplus is the first step towards a long-term path of success." Based on decades of scientific research, Isentia's Reputation Framework revolves around three main pillars - Strategy, Culture, Delivery. Three months of data were collected and processed from a total of 7k+ Singapore-based public social media channels. Posts are tagged into three reputation pillars and fifteen sub-attributes through machine learning. Reputation rankings were derived through reputation scores & qualitative deep dives. About Isentia Isentia (ASX:ISD) is APAC’s leading integrated Media Intelligence and Insights business with operations in 12 markets. Isentia blends market-leading monitoring experience with analytics to help the world’s biggest brands uncover the whole picture -- and act on it. Powered by cutting-edge technology and a team of world class experts, our mission is to help businesses leap-forward where only genuine insight can take them. To find out more about how we inform better decisions, please visit http://www.isentia.com Photo - https://photos.prnasia.com/prnh/20200116/2694507-1?lang=0
  • Bright Scholar Announces Unaudited Financial Results for FY2020 First Fiscal Quarter
    Revenue Increased by 69.0% and Net Income Increased by 29.0% Adjusted EBITDA Increased 62.1% Year over Year FOSHAN, China, Jan. 17, 2020 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced its unaudited financial results for the first fiscal quarter ended November 30, 2019. First Fiscal Quarter Ended November 30, 2019 Financial Highlights (in comparison to the same period of the last fiscal year): RMB in millionExcept EPS First Fiscal Quarter Ended November 30, 2019 First Fiscal Quarter Ended November 30, 2018 YoY % Change Revenue 1,098.0 649.9 69.0% Gross Profit 473.8 296.6 59.7% Gross Margin 43.1% 45.6% (2.5%) Operating Income 267.2 182.2 46.7% Operating Margin 24.3% 28.0% (3.7%) Net Income 204.3 158.3 29.0% Net Margin 18.6% 24.4% (5.8%) Adjusted Gross Profit (1) 484.8 299.3 62.0% Adjusted Gross Margin (1) 44.2% 46.1% (1.9%) Adjusted Operating Income (2) 288.3 191.4 50.6% Adjusted Operating Margin (2) 26.3% 29.5% (3.2%) Adjusted Net Income (3) 225.4 167.5 34.5% Adjusted Net Margin (3) 20.5% 25.8% (5.3%) Adjusted EBITDA (4) 352.5 217.4 62.1% Adjusted EBITDA Margin (4) 32.1% 33.5% (1.4%) Basic and Diluted Earnings per Share 1.59 1.22 30.3% Adjusted Basic and Diluted Earnings per Share (5) 1.76 1.30 35.4% ____________________ Adjusted gross profit is defined as gross profit excluding amortization of intangible assets. Adjusted gross margin is defined as adjusted gross profit/(loss) divided by revenue. Adjusted operating income/(loss) is defined as operating income/(loss) excluding share-based compensation expense and amortization of intangible assets. Adjusted operating margin is defined as adjusted operating income/(loss) divided by revenue. Adjusted net income/(loss) is defined as net income/(loss) excluding share-based compensation expense and amortization of intangible assets. Adjusted net margin is defined as adjusted net income/(loss) divided by revenue. Adjusted EBITDA is defined as net income/(loss) excluding interest income, net; income tax expense/benefit; depreciation and amortization, and share-based compensation expense. Adjusted EBITDA margin is defined as adjusted EBITDA divided by revenue. Adjusted basic and diluted EPS is defined as adjusted net income/(loss) attributable to ordinary shareholders (net income/(loss) to ordinary shareholders excluding share-based compensation expense and amortization of intangible assets) divided by the weighted average number of basic and diluted ordinary shares or American depositary shares (each an "ADS"), each representing one Class A ordinary share of the Company, on an as-converted basis. For more information on these adjusted financial measures, please see the section captioned under "Non-GAAP Financial Measures" and the tables captioned "Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this release. Domestic K-12 Schools Highlights (in comparison to the same period of the last fiscal year): The domestic K-12 schools comprises of international schools, bilingual schools and kindergartens in China Average number of students increased by 17.4% to 48,645 with average tuition and fees increased by 3.2% to RMB13,711 Revenue increased by 21.7% to RMB669.7 million and accounted for 60.9% of total revenue Gross margin increased from 47.8% to 48.5%, and operating margin increased from 34.3% to 37.4% Plan to open 7 kindergartens in FY2020, with 4 to be operated in collaboration with Country Garden Overseas Schools  Highlights The overseas schools comprises all overseas schools such as Bournemouth, St. Michael's, Bosworth and CATS The average number of students of our overseas schools amounted to 3,220 Revenue from all acquired business(6) fully reflected in the first fiscal quarter amounted to RMB259.2 million and accounted for 23.6% of total revenue Gross margin was 32.2% for the quarter and operating margin was 3.4% including impact from transition related expenses ____________________ 6. Acquired business is business acquired after FY19 Q1. Complementary Education Services Highlights (in comparison to the same period of the last fiscal year): The complementary education services comprises language training, overseas study counselling, career counselling, study tours and camps and others Revenue increased by 69.7% to RMB169.1 million and accounted for 15.5% of total revenue Gross margin increased from 33.7% to 38.6%, and operating margin increased from 18.1% to 22.3% "We are very pleased with the tremendous progress we continue to make as we transform and scale Bright Scholar to better serve the evolving needs of our students in a fast-changing education industry," said Jerry He, Executive Vice Chairman of Bright Scholar. "The strategic investments we made across our business segments in the past years have given us a strong start in the 2020 fiscal year. We scaled our business significantly with acquired business contributed to over RMB315 million in revenue and RMB46 million in adjusted EBITDA in the first fiscal quarter of 2020. Revenue from domestic K-12 schools only accounted for less than 61% of our total revenue in the first fiscal quarter of 2020. The impact is transformational as these acquisitions also served as catalysts to expand our geographic footprint, portfolio, and organization, as well as business opportunities."  "In the 2020 fiscal year, we remain firmly focused on 3 fronts. First, capitalize on synergistic opportunities from our domestic and overseas acquired business. Second, continue our organic growth initiatives in optimizing operational efficiency, accelerating ramp up to improve utilization and broadening our service offerings. Third, continue to pursue strategic investments domestically and overseas. We are fully committed to delivering sustainable long-term value for our students, employees, shareholders and stakeholders." "We are off to a very strong start in the first fiscal quarter. Our overall revenue grew by 69.0% and operating income grew by 46.7% year over year," said Derek Feng, Chief Executive Officer of Bright Scholar. "More importantly, the revenue and operating income of our China based operations, including domestic K-12 schools and complementary education services grew 29.1% and 39.3% year over year respectively. The adjusted SG&A of headquarter(7) as % of total revenue declined by 2.6%  year over year. These are the early results from the operational improvement initiatives that we started last year. Meanwhile, as we expand our business to reduce risk exposure to domestic K-12 related regulations as well as enhance competitive advantages, our overall margin profile is also changing in the near term driven by the different cost structure of the acquired overseas business. However, we have a number of operating initiatives underway including setting up shared-service centre in the UK to achieve both revenue and cost synergies among all our business segments that will enhance the overall margin over time." ____________________ 7. The SG&A of headquarter represents unallocated corporate expenses from headquarter, including staff cost, share-based compensation expense and other office expenses. Adjusted SG&A of headquarter are adjusted by excluding share-based compensation expense. "Our performance reflects our commitment to delivering quality education. As of December 19, 2019, approximately 57.1% of students in the 2020 graduating class of our international schools(8) have received over 310 offers from global top 50 institutions. As of the release date, our flagship school Guangdong Country Garden School received 3 conditional offers from  the University of Oxford, 3 conditional offers from  the University of Cambridge and 1 unconditional offer from the University of Chicago. We expect more students will receive offers from these elite institutions, and the grades of our students will continue to improve across all age groups." Mr. Feng concluded, "In the first quarter, we made great strides in improving school utilization, enhancing cost management, integrating acquired business and expanding education service offerings. We are on track to deliver results within our guided range for the 2020 fiscal year, i.e., annual revenue growth of 56% to 60%, average student enrollment growth of 14% to 15%, and 7 kindergartens scheduled to open in the 2020 fiscal year." ____________________ 8. Excluding Sannew. UNAUDITED FINANCIAL RESULTS FOR THE FIRST FISCAL QUARTER ENDED NOVEMBER 30, 2019 Revenue Revenue First Fiscal Quarter Ended November 30, 2019 First Fiscal Quarter Ended November 30, 2018 YoY % Change (RMB in million) (RMB in million) Domestic K-12 Schools 669.7 550.3 21.7% International Schools 273.9 218.6 25.3% Bilingual Schools 229.8 194.0 18.5% Kindergartens 166.0 137.7 20.5% Overseas Schools 259.2 - - Complementary Education 169.1 99.6 69.7% Total 1,098.0 649.9 69.0% Revenue for the first fiscal quarter was RMB1,098.0 million. It represented a 69.0% increase from RMB649.9 million for the same period of the last fiscal year.  Domestic K-12 Schools: Revenue contribution for the quarter was RMB669.7 million and accounted for 60.9% of the total revenue. It represented a 21.7% increase from RMB550.3 million for the same period of the last fiscal year, which accounted for 84.7% of the total revenue in that period. International Schools: Revenue contribution for the quarter was RMB273.9 million and accounted for 24.9% of the total revenue. It represented a 25.3% increase from RMB218.6 million for the same period of the last fiscal year, which accounted for 33.6% of the total revenue in that period. Bilingual Schools: Revenue contribution for the quarter was RMB229.8 million and accounted for 20.9% of the total revenue. It represented an 18.5% increase from RMB194.0 million for the same period of the last fiscal year, which accounted for 29.9% of the total revenue in that period. Kindergartens: Revenue contribution for the quarter was RMB166.0 million and accounted for 15.1% of the total revenue. It represented a 20.5% increase from RMB137.7 million for the same period of the last fiscal year, which accounted for 21.2% of the total revenue in that period. Overseas Schools: Revenue for the quarter was RMB259.2 million, which accounted for 23.6% of total revenue. Complementary Education: Revenue for the quarter was RMB169.1 million and accounted for 15.5% of total revenue. It represented a 69.7% increase from RMB99.6 million for the same period of the last fiscal year, which accounted for 15.3% of the total revenue in that period. Cost of Revenue Cost of revenue for the quarter was RMB624.2 million, representing a 76.7% increase from RMB353.3 million for the same period of the last fiscal year. Gross Profit, Gross Margin and Adjusted Gross Profit Gross Profit First Fiscal Quarter Ended November 30, 2019 First Fiscal Quarter Ended November 30, 2018 YoY % Change (RMB in million) (RMB in million) Domestic K-12 Schools 325.1 263.0 23.6% International Schools 140.5 107.3 30.9% Bilingual Schools 103.9 87.4 18.9% Kindergartens 80.7 68.3 18.1% Overseas Schools 83.4 - - Complementary Education 65.3 33.6 94.4% Total 473.8 296.6 59.7% Gross profit for the quarter was RMB473.8 million. It represented a 59.7% increase from RMB296.6 million for the same period of the last fiscal year. Gross margin for the quarter was 43.1%, as compared to 45.6% for the same period of the last fiscal year.  Adjusted gross profit for the quarter was RMB484.8 million, representing a 62.0% increase from RMB299.3 million for the same quarter of the last fiscal year. Adjusted gross margin was 44.2% for the quarter, as compared to 46.1% for the same period of the last fiscal year. Domestic K-12 Schools: Gross profit for the quarter was RMB325.1 million, representing a 23.6% increase from RMB263.0 million for the same period of the last fiscal year. Gross margin for the quarter was 48.5%, as compared to 47.8% for the same period of the last fiscal year. International Schools: Gross profit for the quarter was RMB 140.5 million, representing a 30.9% increase from RMB107.3 million for the same period of the last fiscal year. Gross margin for the quarter was 51.3%, as compared to 49.1% for the same period of the last fiscal year. Bilingual Schools: Gross profit for the quarter was RMB103.9 million, representing an 18.9% increase from RMB87.4 million for the same period of the last fiscal year. Gross margin for the quarter was 45.2%, as compared to 45.0% for the same period of the last fiscal year. Kindergartens: Gross profit for the quarter was RMB80.7 million, representing an 18.1% increase from RMB68.3 million for the same period of the last fiscal year. Gross margin for the quarter was 48.6%, as compared to 49.6% for the same period of the last fiscal year. Overseas Schools: Gross profit for the quarter was RMB83.4 million, with a gross margin of 32.2%. Complementary Education: Gross profit for the quarter was RMB65.3 million, representing a 94.4% increase from RMB33.6 million for the same period of last fiscal year. Gross margin for the quarter was 38.6%, as compared to 33.7% for the same period of the last fiscal year. Selling, General and Administrative Expenses and Adjusted SG&A Expenses (9) SG&A Expenses First Fiscal Quarter Ended November 30, 2019 First Fiscal Quarter Ended November 30, 2018 YoY % Change (RMB in million) (RMB in million) Domestic K-12 Schools 75.4 74.6 1.1% International Schools 30.3 27.9 8.8% Bilingual Schools 25.7 25.9 (0.9%) Kindergartens 19.4 20.8 (6.8%) Overseas Schools 74.5 - - Complementary Education 29.4 15.6 88.1% Unallocated Corporate Expenses (10) 30.6 31.4 (2.6%) Total 209.9 121.6 72.6% Adj. SG&A Expenses (9) First Fiscal Quarter Ended November 30, 2019 First Fiscal Quarter Ended November 30, 2018 YoY % Change (RMB in million) (RMB in million) Domestic K-12 Schools 74.1 72.0 3.0% International Schools 30.1 27.4 9.7% Bilingual Schools 25.0 24.8 0.9% Kindergartens 19.0 19.8 (3.8%) Overseas Schools 74.5 - - Complementary Education 28.9 13.3 117.7% Unallocated Corporate Expenses (10) 22.4 29.8 (25.2%) Total 199.9 115.1 73.7% Total selling, general and administrative expenses for the quarter were RMB209.9 million, of which RMB90.1 million was incremental from the acquired business, as compared to RMB121.6 million for the same period of the last fiscal year. These expenses amounted to 19.1% of the total revenue as compared to 18.7% for the same period of the last fiscal year. Adjusted SG&A expenses (9) for the quarter were RMB199.9 million, as compared to RMB115.1 million for the same period of the last fiscal year. These expenses amounted to 18.2% of the total revenue as compared to 17.7% for the same period of the last fiscal year. ____________________ 9. Adjusted SG&A expenses is defined as selling, general and administrative expenses excluding share-based compensation expense.  10. Unallocated corporate expenses are mainly from headquarter, including staff cost, share-based compensation expense and other office expenses. Adjusted unallocated corporate expenses are adjusted by excluding share-based compensation expense. Operating Income, Operating Income Margin and Adjusted Operating Income Operating Income First Fiscal Quarter Ended November 30, 2019 First Fiscal Quarter Ended November 30, 2018 YoY % Change (RMB in million) (RMB in million) Domestic K-12 Schools 250.5 188.8 32.6% International Schools 110.3 79.6 38.5% Bilingual Schools 78.4 61.4 27.6% Kindergartens 61.8 47.8 29.3% Overseas Schools 8.8 - - Complementary Education 37.7 18.1 108.5% Unallocated Corporate Expenses (29.8) (24.7) 20.3% Total 267.2 182.2 46.7% Operating income for the quarter was RMB267.2 million. It represents a 46.7% increase from RMB182.2 million for the same period of the last fiscal year. Operating margin for the quarter was 24.3%, as compared to 28.0% for the same period of the last fiscal year. Adjusted operating income for the quarter was RMB288.3 million. It represents a 50.6% increase from RMB191.4 million for the same quarter of the last fiscal year. Adjusted operating margin was 26.3% for the quarter, as compared to 29.5% for the same period of the last fiscal year. Domestic K-12 Schools: Operating income for the quarter was RMB250.5 million, representing a 32.6% increase from RMB188.8 million for the same period of the last fiscal year. Operating margin for the quarter was 37.4%, as compared to 34.3% for the same period of the last fiscal year. International Schools: Operating income for the quarter was RMB110.3 million, representing a 38.5% increase from RMB79.6 million for the same period of the last fiscal year. Operating margin for the quarter was 40.3%, as compared to 36.4% for the same period of the last fiscal year. Bilingual Schools: Operating income for the quarter was RMB78.4 million, representing a 27.6% increase from RMB61.4 million for the same period of the last fiscal year. Operating margin for the quarter was 34.1%, as compared to 31.7% for the same period of the last fiscal year. Kindergartens: Operating income for the quarter was RMB61.8 million, representing a 29.3% increase from RMB47.8 million for the same period of the last fiscal year. Operating margin for the quarter was 37.2%, as compared to 34.7% for the same period of the last fiscal year. Overseas Schools: Operating income for the quarter was RMB8.8 million, with an operating margin of 3.4%. Complementary Education: Operating income for the quarter was RMB37.7 million, representing a 108.5% increase from RMB18.1 million for the same period of the last fiscal year. Operating margin for the quarter was 22.3%, as compared to 18.1% for the same period of the last fiscal year. Unallocated Corporate Expenses: Unallocated corporate expenses for the quarter was RMB29.8 million, as compared to RMB24.7 million for the same period of the last fiscal year. Net Income and Adjusted Net Income    Net income for the quarter was RMB204.3 million, representing a 29.0% increase from RMB158.3 million for the same period of the last fiscal year. Adjusted net income for the quarter was RMB225.4 million, representing a 34.5% increase from RMB167.5 million for the same period of the last fiscal year. Earnings per ordinary share/ADS and Adjusted Earnings per ordinary share/ADS Basic and diluted net income per ordinary share/ADS attributable to ordinary shareholders/ADS holders for the quarter were RMB1.59 and RMB1.59, respectively, as compared to earnings per share of RMB1.22 and RMB1.22, respectively, for the same period of the last fiscal year. Adjusted basic and diluted net income per ordinary share/ADS attributable to ordinary shareholders/ADS holders for the quarter were RMB1.76 and RMB1.76, respectively, as compared to earnings per share of RMB1.30 and RMB1.30, respectively, for the same period of the last fiscal year. Adjusted EBITDA Adjusted EBITDA for the quarter was RMB352.5 million, of which RMB46.4 million was attributable to acquired business, representing a 62.1% increase from RMB217.4 million for the same period of the last fiscal year. Cash and Working Capital As of November 30, 2019, the Company's cash and cash equivalents and restricted cash were RMB2,426.6 million (US$345.1 million), as compared to RMB3,265.0 million as of August 31, 2019. For the first quarter ended November 30, 2019, the Company's capital expenditure was approximately RMB60.9 million, up 90.8% compared to the same period of the last fiscal year. New Accounting Standards On September 1, 2019, the Company adopted the new lease accounting standard (ASC 842), using modified retrospective transition method. The adoption of the new lease standard results in the recording of operating lease right-of-use assets of RMB1,756.3 million and operating lease liabilities of RMB1,753.9 million on the balance sheet as of September 1, 2019. Prior period amounts have not been adjusted and continue to be reported in accordance with the previous accounting guidance. The adoption of the new guidance did not have a material effect on the consolidated statements of operations and consolidated statements of cash flows. GUIDANCE FOR FISCAL YEAR ENDING AUGUST 31, 2020 The Company reaffirms its guidance for the 2020 fiscal year and expects its revenue to be in a range of RMB4.0 billion and RMB4.1 billion for the 2020 fiscal year, representing a year-over-year growth of 56% to 60%, and its average student enrollment to be between approximately 53,200 and 53,600, representing a year-over-year increase of 14% to 15%. The Company also expects to open seven new kindergartens for the 2020 fiscal year. This guidance is based on the current market and operating conditions and reflects the Company's current and preliminary estimates of such market and operating conditions and market demand, which are all subject to change. Conference Call BEDU's management will host a conference call at 8:00 am US Eastern Time (9:00 pm Beijing/Hong Kong Time) on January 17, 2020 to discuss its quarterly results and recent business activities. To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: Mainland China: 4001-201-203 Hong Kong: 852-301-84992 United States: 1-888-346-8982 Canada Toll Free: 1-855-669-9657 International: 1-412-902-4272 *No passcode is required for the call. Please request to join Bright Scholar Education Holdings Ltd.'s call as you dial in. The Company will also broadcast a live audio webcast of the conference call. The webcast will be available at http://ir.brightscholar.com/. Following the earnings conference call, an archive of the call will be available by dialing: United States: 1-877-344-7529 International: 1-412-317-0088 Canada Toll Free: 855-669-9658 Replay Passcode: 10137574 Replay End Date: January 24, 2020 CONVENIENCE TRANSLATION The Company's business is primarily conducted in China and the significant majority of revenue generated are denominated in Renminbi ("RMB"). However, periodic reports made to shareholders will include current period amounts translated into U.S. dollars using the prevailing exchange rates at the balance sheet date, for the convenience of readers. Translations of balances in the condensed consolidated balance sheets, and the related condensed consolidated statements of operations, and cash flows from RMB into U.S. dollars as of and for the quarter ended November 30, 2019 are solely for the convenience of the readers and were calculated at the rate of US$1.00=RMB7.0308, representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on November 29, 2019. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on November 29, 2019 or at any other rate. NON-GAAP FINANCIAL MEASURES In evaluating our business, we consider and use certain non-GAAP measures, including primarily adjusted EBITDA, adjusted net income/(loss), adjusted gross profit/(loss), adjusted SG&A, adjusted operating income/(loss), adjusted net earnings per share attributable to ordinary shareholders basic and diluted as supplemental measures to review and assess our operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We define adjusted gross profit/(loss) as gross profit/(loss) excluding amortization of intangible assets and adjusted gross margin as adjusted gross profit/(loss) divided by revenue. We define adjusted EBITDA as net income/(loss) excluding interest income, net; income tax expense/benefit; depreciation and amortization; share-based compensation expense, and adjusted net income/(loss) as net income/(loss) excluding share-based compensation expense and amortization of intangible assets. We define adjusted SG&A as selling, general and administration expense excluding share-based compensation expense and adjusted operating income/(loss) as net operating income/(loss) excluding share-based compensation expense and amortization of intangible assets. Additionally, we define adjusted net earnings per share attributable to ordinary shareholders, basic and diluted, as adjusted net income/(loss) attributable to ordinary shareholders (net income/(loss) to ordinary shareholders excluding share-based compensation expense and amortization of intangible assets) divided by the weighted average number of basic and diluted ordinary shares or American depositary shares (each an "ADS"), each representing one Class A ordinary share of the Company, on an as-converted basis. We incur amortization expense of intangible assets related to various acquisitions that have been made in recent years. These intangible assets are valued at the time of acquisition and are then amortized over a period of several years after the acquisition. We believe that exclusion of these expenses allows greater comparability of operating results that are consistent over time for the Company's newly-acquired and long-held business as the related intangibles does not have significant connection to the growth of the business. Therefore, we provide additional exclusion of amortization of intangible assets to redefine adjusted operating income/(loss), adjusted net income/(loss), and adjusted net earnings per share attributable to ordinary shareholders, basic and diluted. We present the non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Such non-GAAP measures include adjusted EBITDA, adjusted net income/(loss), adjusted gross profit/(loss), adjusted SG&A, adjusted operating income/(loss), adjusted net earnings per share attributable to ordinary shareholders basic and diluted. Non-GAAP financial measures enable our management to assess our operating results without considering the impact of non-cash charges, including depreciation and amortization and share-based compensation expense, and without considering the impact of non-operating items such as interest income, net; income tax expense/benefit and share-based compensation expense and amortization of intangible assets. We also believe that the use of these non-GAAP measures facilitates investors' assessment of our operating performance. The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Interest income, net; income tax expense/benefit; depreciation and amortization; and share-based compensation expense, have been and may continue to be incurred in our business and are not reflected in the presentation of these non-GAAP measures, including adjusted EBITDA or adjusted net income/(loss). Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. About Bright Scholar Education Holdings Limited Bright Scholar is a global premier education service company. The Company is dedicated to providing quality international education to global students and equipping them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education. Bright Scholar also complements its international offerings with Chinese government-mandated curriculum for students who wish to maintain the option of pursuing higher education in China. As of November 30, 2019, Bright Scholar operated 80 schools across ten provinces in China and eight schools overseas, covering the breadth of K-12 academic needs of its students. In the quarter ended November 30, 2019, Bright Scholar had an average of 51,865 students enrolled at its schools. As of November 30, 2019, Bright Scholar has a global network of 88 schools, and a total student capacity of 67,194 students. Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company's business plans and development, which can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. IR Contact:GCM Strategic Communications Email: BEDU.IR@gcm.international Media Contact:Email: media@brightscholar.comPhone: +86-757-6683-2507   BRIGHT SCHOLAR EDUCATION HOLDINGS LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS  (Amounts in thousands) As of August 31,  November 30,  2019 2019 RMB RMB USD ASSETS Current assets Cash and cash equivalents  3,246,995 2,402,639 341,731 Restricted cash  18,019 23,911 3,401 Short-term investments  241,270 610,119 86,778 Accounts receivable  21,528 54,528 7,756 Amounts due from related parties  10,652 10,002 1,423 Other receivables, deposits and other assets  177,150 202,763 28,839 Inventories  26,234 27,468 3,906 Total current assets  3,741,848 3,331,430 473,834 Property and equipment, net  899,510 1,097,387 156,083 Land use rights, net  88,204 87,672 12,470 Intangible assets, net 552,011 608,714 86,578 Goodwill  2,090,078 2,277,220 323,892 Long-term investments  28,455 28,714 4,084 Prepayment for construction contract  5,251 13,386 1,904 Deferred tax assets, net  30,333 26,978 3,837 Deposit for acquisition 338,585 - - Other non-current assets  13,362 14,210 2,021 Operating lease right-of-use assets  - 1,822,102 259,160 Total non-current assets  4,045,789 5,976,383 850,029 TOTAL ASSETS  7,787,637 9,307,813 1,323,863     BRIGHT SCHOLAR EDUCATION HOLDINGS LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS-CONTINUED  (Amounts in thousands) As of August 31,  November 30,  2019 2019 RMB RMB USD LIABILITIES AND EQUITY Current liabilities Accounts payable (including accounts payable of the     consolidated VIEs without recourse to Bright Scholar     Education of RMB 32,842 and RMB 45,717 as of August    31, 2019 and November 30, 2019, respectively) 94,295 126,745 18,027 Amounts due to related parties (including amounts due to     related parties of the consolidated VIEs without recourse to     Bright Scholar Education of RMB 76,117 and RMB 81,289     as of August 31, 2019 and November 30, 2019, respectively) 110,038 115,123 16,374 Accrued expenses and other current liabilities (including     accrued expenses and other current liabilities of the     consolidated VIEs without recourse to Bright Scholar     Education of RMB 364,734 and RMB 193,837 as of August     31, 2019 and November 30, 2019, respectively) 615,082 518,371 73,729 Short term loan  50,000 50,000 7,112 Income tax payable (including income tax payable of the     consolidated VIEs without recourse to Bright Scholar     Education of RMB 50,968 and RMB 85,496 as of August 31,     2019 and November 30, 2019, respectively) 93,479 136,789 19,456 Contract liabilities (including contract liabilities of the     consolidated VIEs without recourse to Bright Scholar     Education of RMB 1,157,774 and RMB 600,811 as of     August 31, 2019 and November 30, 2019, respectively) 1,529,137 974,381 138,588 Refund liabilities (including refund liabilities of the     consolidated VIEs without recourse to Bright Scholar     Education of RMB 19,132 and RMB 3,905 as of August 31,     2019 and November 30, 2019, respectively) 20,259 4,664 663 Operating lease liabilities (including operating lease liabilities     of the consolidated VIEs without recourse to Bright Scholar     Education of nil and RMB 31,290 as of August 31, 2019 and     November 30, 2019, respectively) - 158,343 22,520 Total current liabilities  2,512,290 2,084,416 296,469 Non-current portion of deferred revenue (including non-current     portion of deferred revenue of the consolidated VIEs     without recourse to Bright Scholar Education of nil and     RMB 2,127 as of August 31, 2019 and November 30, 2019,     respectively) - 4,997 711 Deferred tax liabilities, net (including deferred tax liabilities of     the consolidated VIEs without recourse to Bright Scholar     Education of RMB 35,895 and RMB 40,881 as of August     31, 2019 and November 30, 2019, respectively)  53,689 63,785 9,072 Other non-current liability due to related parties (including non-     current liabilities due to related parties of the consolidated     VIEs without recourse to Bright Scholar Education of RMB     21,736 and RMB 22,153 as of August 31, 2019 and     November 30, 2019, respectively) 21,736 22,153 3,151 Other non-current liability due to third parties (including non-     current liabilities due to third parties of the consolidated     VIEs without recourse to Bright Scholar Education of RMB     7,621 and RMB 9,972 as of August 31, 2019 and November     30, 2019, respectively) 10,654 12,527 1,782 Bonds payable 2,106,000 2,072,685 294,801 Long term loan (including long term loan of the consolidated     VIEs without recourse to Bright Scholar Education of nil     and RMB 15,000 as of August 31, 2019 and November 30,     2019, respectively) - 85,000 12,090 Operating lease liabilities (including operating lease liabilities     of the consolidated VIEs without recourse to Bright Scholar     Education of nil and RMB 1,657,429 as of August 31, 2019     and November 30, 2019, respectively) - 1,677,555 238,601 Total non-current liabilities  2,192,079 3,938,702 560,208 TOTAL LIABILITIES  4,704,369 6,023,118 856,677 As of August 31,  November 30,  2019 2019 RMB RMB USD EQUITY Share capital  8 8 1 Additional paid-in capital  2,105,189 2,028,913 288,575 Statutory reserves  64,945 64,945 9,237 Accumulated other comprehensive income  78,955 157,898 22,458 Accumulated retained earnings  472,339 663,625 94,388 Shareholders' equity  2,721,436 2,915,389 414,659 Non-controlling interests  361,832 369,306 52,527 Total equity  3,083,268 3,284,695 467,186 TOTAL LIABILITIES AND EQUITY  7,787,637 9,307,813 1,323,863   BRIGHT SCHOLAR EDUCATION HOLDINGS LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS   (Amounts in thousands, except for shares and per share data)  Three Months Ended November 30 2018 2019 RMB RMB USD Revenue 649,852 1,097,953 156,163 Cost of revenue (353,264) (624,202) (88,781) Gross profit 296,588 473,751 67,382 Selling, general and administrative expenses (121,634) (209,930) (29,859) Other operating income 7,256 3,419 487 Operating income 182,210 267,240 38,010 Interest income/(expense), net 12,245 (29,588) (4,208) Investment income 5,440 21,032 2,991 Other (expenses)/income (1,024) 3,642 518 Income before income taxes and share of equity in income of unconsolidated affiliates 198,871 262,326 37,311 Income tax expense (40,597) (58,015) (8,252) Share of equity in income/(loss) of unconsolidated affiliates 25 (27) (3) Net income 158,299 204,284 29,056 Net income attributable to non-controlling interests 5,711 12,998 1,849 Net income attributable to ordinary shareholders 152,588 191,286 27,207 Net earnings per share attributable to ordinary shareholders —Basic 1.22 1.59 0.23 —Diluted 1.22 1.59 0.23 Weighted average shares used in calculating net earnings per ordinary share: —Basic 124,884,908 120,584,500 120,584,500 —Diluted 124,945,468 120,631,807 120,631,807     BRIGHT SCHOLAR EDUCATION HOLDINGS LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS  (Amounts in thousands) Three Months Ended November 30 2018 2019 RMB RMB USD Net cash used in operating activities (293,633) (399,757) (56,857) Net cash used in investing activities (322,804) (406,412) (57,805) Net cash used in from financing activities (148,219) (1,183) (168) Effect of exchange rate changes on cash 28,893 (31,112) (4,425) Net change in cash and cash equivalents, and restricted cash (735,763) (838,464) (119,255) Cash and cash equivalents, and restricted cash at beginning of the period 3,164,081 3,265,014 464,387 Cash and cash equivalents, and restricted cash at end of the period 2,428,318 2,426,550 345,132     Reconciliations of GAAP and Non-GAAP Results (Amounts in thousands, except for shares and per share data) Three Months Ended November 30 2018 2019 RMB RMB USD Gross profit 296,588 473,751 67,382 Add: Amortization of intangible assets 2,680 11,040 1,570 Adjusted gross profit 299,268 484,791 68,952 Operating income 182,210 267,240 38,010 Add: Share-based compensation expense 6,549 10,032 1,427 Add: Amortization of intangible assets 2,680 11,040 1,570 Adjusted operating income 191,439 288,312 41,007 Net income 158,299 204,284 29,056 Add: Share-based compensation expense 6,549 10,032 1,427 Add: Amortization of intangible assets 2,680 11,040 1,570 Adjusted net income 167,528 225,356 32,053 Net income attributable to ordinary shareholders 152,588 191,286 27,207 Add: Share-based compensation expense 6,549 10,032 1,427 Add: Amortization of intangible assets 2,680 11,040 1,570 Adjusted net income attributable to ordinary shareholders 161,817 212,358 30,204 Net income 158,299 204,284 29,056 Less: Interest income/(expense), net 12,245 (29,588) (4,208) Add: Income tax expense 40,597 58,015 8,252 Add: Depreciation and amortization 24,211 50,580 7,194 Add: Share-based compensation expense 6,549 10,032 1,427 Adjusted EBITDA 217,411 352,499 50,137 Selling, general and administrative expenses 121,634 209,930 29,859 Less: Share-based compensation expense 6,549 10,032 1,427 Adjusted selling, general and administrative expenses 115,085 199,898 28,432 Weighted average shares used in calculating earnings per ordinary share: —Basic 124,884,908 120,584,500 120,584,500 —Diluted  124,945,468 120,631,807 120,631,807 Adjusted net earnings per share attributable to ordinary shareholders —Basic 1.30 1.76 0.25 —Diluted 1.30 1.76 0.25   View original content:http://www.prnewswire.com/news-releases/bright-scholar-announces-unaudited-financial-results-for-fy2020-first-fiscal-quarter-300988524.html
  • H.H. Sheikh Hamdan Honours the 27th Batch of Dubai Police Academy Cadets During Graduation Ceremony
    Several top leaders, dignitaries & military attachés from various countries' embassies attend the ceremony DUBAI, United Arab Emirates, Jan. 17, 2020 /PRNewswire/ -- The graduation ceremony of the 27th batch of Dubai Police Academy officers was held recently in the presence of His Highness (H.H.) Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. The gala ceremony took place at the Coca-Cola Arena in City Walk, Dubai.  Group photo of the graduates during the ceremony. The ceremony began with the national anthem, followed by His Highness Sheikh Hamdan's inspection of the graduating officers' row, which had been at the very front. After the inspection, Brigadier Dr. Ghaith Ghanim Al Suwaidi delivered a speech on the significance of the occasion, in which he referred to the integration of modern technologies in academic programs and training. He further talked about the Ministry of Education's Academic Accreditation Commission's accreditation of the newly launched ten specialized tracks in the Bachelor of Security and Criminal Sciences. He further mentioned the award won by the Academy for the Best Work Environment and Happiness globally in the past year.  Furthermore, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum paid tribute to the graduates and congratulated them for the consistent excellence they had demonstrated. He urged them to maintain their high standards moving forward, pursue more academic accomplishment should they wish to do so, and gain as much training and experience as possible in the preparation for leadership and practical responsibilities in the future. At the end of the ceremony, the flag was received by the 27th batch and was handed over to the 28th batch accompanied by pledges. The graduates chanted praises before leaving the arena, celebrating the life of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.  Photo: https://mma.prnewswire.com/media/1078019/Dubai_Police_Academy_Ceremony.jpg    CONTACT:Orient Planet Media Relations Department Email: media@orientplanet.com; Website: http://www.orientplanet.com  Tel: +971 4 456 2888, Fax: +971 454 9528  
%d bloggers like this: