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  • Blue Cross Insurance Wins Platinum Award for Integrating InsurTech into Medical Insurance Services
    HONG KONG, March 25, 2019 /PRNewswire/ -- Blue Cross (Asia-Pacific) Insurance Limited ("Blue Cross") has won the "Insur-Tech Platinum Award" ("the Award") at the "IFTA Fintech Achievement Award 2018" organised by the Institute of Financial Technologists of Asia Limited (IFTA). The award is a testament to Blue Cross' success in integrating InsurTech into its medical insurance services to enrich and enhance customer experience. Mr. Patrick Wan, Managing Director of Blue Cross (middle) receives the “Insur-Tech Platinum Award” on behalf of the Company at the “IFTA Fintech Achievement Award 2018”. The Award recognises Blue Cross for integrating industry leading innovative technology solutions into its services, as Blue Cross is the first insurance company in Hong Kong to adopt Blockchain technology in its newly developed mobile app, which provides one-stop medical insurance services, and greatly enhances the efficiency and security of its medical network services. Mr. Patrick Wan, Managing Director of Blue Cross, said, "We are honoured to receive the 'Insur-Tech Platinum Award', which recognises our continued efforts in insurance service innovation. Blue Cross has been an InsurTech pioneer in providing all-round online services to our customers since 2000, delivering a secure, convenient and efficient service experience through the launch of various digital innovations. We have recently integrated Blockchain technology into our medical insurance services, which will allow our corporate clients to experience even higher quality and more secure services through our ready-to-launch mobile app. To suit individual customers' needs, we will roll out a wider range of services in the mobile app, with a view to further demonstrating our strengths in medical insurance, particularly in the aspect of digital transformation. This Award serves as a strong encouragement and affirmation for us to accelerate our digitalisation journey. We will continue to strive to be our customers' most preferred personal insurance partner by planning together for a 'Smart' life." Organised by the Institute of Financial Technologists of Asia Limited, the "IFTA Fintech Achievement Award 2018" aims at recognising companies, non-governmental organisations, non-profit organisations and individuals that have utilised, integrated or implemented information technology solutions for financial services in creative and innovative ways; acknowledging their efforts in promoting FinTech knowledge and competency; and increasing the overall visibility of financial technology in Hong Kong and reinforcing Hong Kong's position as a top-notch FinTech hub. Award winners are highly praised for their innovation, professional trainings, industrial and social impact, sustainability, security, performance and quality, globalisation and scalability, competence and leadership, level of concern for the industry, cost effectiveness and business model, and compliance with rules and regulations. Blue Cross (Asia-Pacific) Insurance Limited Blue Cross (Asia-Pacific) Insurance Limited ("Blue Cross") is a member of The Bank of East Asia Group. With 50 years of operational experience in the insurance industry, Blue Cross provides a comprehensive range of products and services including medical, travel and general insurance, which cater to the needs of both individual and corporate customers. In 2018, Blue Cross was assigned a financial strength rating of A (Excellent) and the long-term issuer credit rating of "a" by A.M. Best, a global full-service credit rating firm specialising in the financial service industry. For the latest rating, please access http://www.ambest.com. Disclaimers: - This press release is for distribution in Hong Kong only. The distribution of this press release is not and shall not be construed as an offer to sell or a solicitation to buy or a provision of any insurance product outside Hong Kong. - Blue Cross (Asia-Pacific) Insurance Limited is a subsidiary of The Bank of East Asia, Limited and a member of the BEA Group. It is not affiliated with or related in any way to Blue Cross and Blue Shield Association or any of its affiliates or licensees. Photo - https://photos.prnasia.com/prnh/20190325/2412730-1 Related Links :http://www.ambest.com
  • CStone appoints three distinguished oncology leaders Drs. Paul A. Bunn, Jr., Elizabeth M. Jaffee and Richard S. Finn to its Scientific Advisory Board
    SHANGHAI, March 25, 2019 /PRNewswire/ -- CStone Pharmaceuticals ("CStone"; HKEX: 2616) is pleased to announce the appointment of three internationally renowned oncologists Paul A. Bunn, Jr., MD, Elizabeth M. Jaffee, MD, and Richard S. Finn, MD, as the company's Scientific Advisory Board (SAB) members. With their deep scientific and medical expertise as well as extensive leadership and advisory experiences at top academic institutions, the addition of these three oncology leaders will greatly augment CStone's Research and Development strategy in Immuno-Oncology and Precision Medicine and optimize the company's drug portfolio as a whole. "It is our great privilege to have Drs. Bunn, Jaffee and Finn on our SAB. We are extremely excited about the guidance and contribution they will provide to accelerate the development of innovative medicine for cancer treatment in China and beyond," commented Dr. Frank Jiang, Chairman and CEO of CStone. "We are confident that by leveraging our SAB members' professional insights, we will further strengthen our oncology pipeline and clinical development capabilities to satisfy the unmet medical needs of Chinese cancer patients by developing innovative combination therapies." Paul A. Bunn, Jr., MD is among the world's leading thoracic oncologists, currently serving as Distinguished Professor at the University of Colorado Cancer Center and James Dudley Professor of Lung Cancer Research at the University of Colorado School of Medicine. He was named "2016 David A. Karnofsky Memorial Award and Lecture recipient", the most prestigious award of the American Society of Clinical Oncology's (ASCO). Among his leadership roles, Dr. Bunn is the former President of ASCO, former Chair of the ASCO Foundation Board, former President of the IASLC, former President of the AACI, former Director or the Univ. of Colorado Comprehensive Cancer Center and former Executive Director of the IASLC. Dr. Bunn also served as the Chairman of the Oncology Drug Advisory Committee of the U.S. FDA. Dr. Bunn is the Chair of the Lung Cancer Mutation Consortium. Elizabeth M. Jaffee, MD is an internationally recognized expert in cancer immunology and pancreatic cancer, and currently serves as the Deputy Director of the Sidney Kimmel Comprehensive Cancer Center, Deputy Director of the Institute of Clinical and Translational Research, and professor of oncology at Johns Hopkins School of Medicine. Dr. Jaffee has held a string of leadership positions, including the current President of the Board of Directors of the American Association for Cancer Research (AACR) and co-Chair of the former Blue Ribbon Panel for Vice President Joe Biden's National Cancer Moonshot Initiative. Her research focuses on cancer immune therapies including novel immune checkpoint inhibitors and cancer vaccines to overcome immune tolerance to cancers. Richard S. Finn, MD is a leading expert in cancer drug development and liver cancer. He has played a pivotal role in the development of the first CDK4/6 inhibitor palbociclib (Ibrance). Dr. Finn is a Professor of Clinical Medicine in the Hematology/Oncology Division at the David Geffen School of Medicine, and the Director of the Signal Transduction Program in the Jonsson Comprehensive Cancer Center at UCLA. He is the former President of the International Liver Cancer Association, current senior editor of Clinical Cancer Research and Breast Cancer Research, and on the editorial boards of Journal of Hepatology, and Liver Cancer. While dedicating his research to developing molecularly targeted agents and identifying predictive markers of response to novel cancer drugs, Dr. Finn has also served as principal and sub-investigator in clinical trials for targeted and immune-therapies against breast and hepatocellular carcinoma. About CStone CStone Pharmaceuticals (HKEX:2616) is a biopharmaceutical company focused on developing and commercializing innovative immuno-oncology and precision medicine to address the unmet medical needs of cancer patients in China and worldwide. Established in 2015, CStone has assembled a world-class management team with extensive experience in innovative drug development, clinical research, and commercialization. The company has built an oncology-focused pipeline with a strategic emphasis on immune-oncology combination therapies. Currently, 4 late-stage candidates are at or near pivotal trials. With an experienced team, a rich pipeline, a robust clinical development-driven business model, and substantial funding, CStone's vision is to become globally recognized as a leading Chinese biopharmaceutical company by bringing innovative oncology therapies to cancer patients worldwide. For more information about CStone Pharmaceuticals, please visit: http://www.cstonepharma.com. Forward-looking Statement The forward-looking statements made in this article relate only to the events or information as of the date on which the statements are made in this article. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this article completely and with the understanding that our actual future results or performance may be materially different from what we expect. In this article, statements of, or references to, our intentions or those of any of our Directors or our Company are made as of the date of this article. Any of these intentions may alter in light of future development. View original content:http://www.prnewswire.com/news-releases/cstone-appoints-three-distinguished-oncology-leaders-drs-paul-a-bunn-jr-elizabeth-m-jaffee-and-richard-s-finn-to-its-scientific-advisory-board-300817542.htmlRelated Links :http://www.cstonepharma.com
  • Marriott Bonvoy Announces A Series of New Lifestyle, Entertainment and Sport Experiences in Asia Pacific
    Members can Indulge in the Adrenalin of Hong Kong Sevens and Enjoy VIP Access to the Festival Concert featuring Gwen Stefani HONG KONG, March 25, 2019 /PRNewswire/ -- Marriott International is unveiling a series of new exclusive benefits and experiences in Asia Pacific, available from today on the Marriott Bonvoy Moments platform. Members will have access to Hong Kong Sevens and Formula 1 China Grand Prix as well as various lifestyle and entertainment experiences including the exclusive chance to meet with the three-time GRAMMY® Award winner Gwen Stefani, training with former Table Tennis Olympian Wan Nan and a curated art experience at Art Central Hong Kong. "With the unveiling of Marriott Bonvoy earlier this year, we are committed to elevating the member experience and giving our members more ways to redeem their points for the experiences they are most passionate about," said Peggy Fang Roe, Chief Sales and Marketing Officer, Asia Pacific at Marriott International. "The thrilling 'moments' offered by Marriott Bonvoy are designed to provide members more access to local experiences, the ability to share rewards with their friends and families and to fuel their interests and passion points." Marriott Bonvoy, the new brand name that replaces Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest (SPG) -- was unveiled earlier this year. Built on the belief that travel enriches the world, Marriott Bonvoy offers an extraordinary portfolio of global brands in 130 countries and territories providing endless inspiration for members to keep traveling and pursuing their passions. Marriott Bonvoy Members Enjoy Once-in-a-Lifetime Entertainment Experiences For the fourth year, Marriott International is the Official Sponsor of the Cathay Pacific/HSBC Hong Kong Sevens (April 5 - 7) and Hong Kong Sevens Festival. The festivities begin even before the games start with the Hong Kong Sevens Festival Concert (5 April) at Hong Kong's Central Harbourfront Event Space. This year, Marriott Bonvoy proudly presents the Festival Concert with global icon Gwen Stefani. Throughout the festival, the public can discover Asia's most incredible destinations on a photo-worthy Asian sailboat at the Marriott Bonvoy Bay of Beauty booth. They can unlock the wonder of travel in Asia Pacific region with a neuroheadset and stand a chance to win their dream destination vacation.  Extending the Hong Kong Sevens experience to the Hong Kong Stadium, members who redeemed through Marriott Bonvoy Moments will have access to the Marriott Bonvoy Hospitality Suite where they will be treated as VIPs while watching rugby in action. The Marriott Bonvoy Hospitality Suite is inspired by Asia's most intriguing destination, Bali. Premium in-suite activities include face painting, massages and customized rugby jersey station. More exclusive experiences include meet-and-greet with rugby stars and rugby coaching sessions throughout the weekend. More Sport and Lifestyle experiences throughout Asia    Marriott Bonvoy, the Exclusive Hotel Loyalty Partner for Art Central Hong Kong 2019 offers members particularly fond of art a specially designed Art Central package that covers talks presented by Asia Society Hong Kong Centre, an acclaimed programme of performance artwork in partnership with 4A Centre for Contemporary Asian Art, Sydney and access to Art Central's First Night on Tuesday 26 March, where members can join Hong Kong movers and shakers, and the international art world elite for a harbourside celebration. Through the latest marketing partnership with Mercedes-AMG Petronas Motorsport, at the F1 China Grand Prix from 12-14 April, Marriott Bonvoy members will get a chance to bid on exclusive Mercedes-AMG Petronas Motorsport hospitality packages, or go behind the scenes for access to celebrities. Additional exclusive members experience includes a meet and greet with Lewis Hamilton where fans can enjoy a race-themed evening with the race genius; and a once-in-a-lifetime experience of being chauffeured by Valtteri Bottas to the circuit on race day. Table Tennis Clinic -- Taking place in early April in Sanya, table tennis fans can attend a family-friendly one day Master Class with former Olympian and world champion Wang Nan and learn about the culture, history and spirit of table tennis in a fun way. The experience also reflects Marriott Bonvoy's promise of giving members access to exclusive and enriched global experiences by allowing members to discover the authentic cultural, leisure and F&B experiences of the destination.   Marriott Bonvoy Moments gives Marriott Bonvoy members exclusive and VIP access to concerts, culinary experiences, premier sporting events and more -- starting at only 1,000 points. Members may redeem their points for either fixed-price experiences or auction-style experiences. For more information, visit marriottbonvoy.com/moments.  About Marriott Bonvoy Marriott Bonvoy is the new travel program replacing Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest (SPG) starting February 2019. Comprised of a portfolio of 30 hotel brands, members can earn and redeem points for hotel stays and accelerate the points they earn with co-branded credit cards from Chase and American Express. The program offers 120,000 destination tours and adventures on Marriott Bonvoy Moments. When members book direct on Marriott.com they receive perks including free and enhanced Wi-Fi and exclusive member-only rates, and on the Marriott app they enjoy mobile check-in and checkout, Mobile Requests and, wherever available, Mobile Key. To enroll for free or for more information about Marriott Bonvoy, visit MarriottBonvoy.com. To download the Marriott app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, Twitter and Instagram.  
  • Shonai Region in Yamagata Prefecture Produces PR Video"Food Capital: Shonai"
    - Tasty Japanese Food Isn't Only Found in Kyoto and Osaka! - SHONAI, Japan, March 25, 2019 /PRNewswire/ -- The Shonai Branch Office of the Yamagata Prefectural Government has produced a promotional video titled "Food Capital: Shonai," to be released on March 25, 2019. The Shonai Branch Office hopes that people all over Japan and the rest of the world will know the many charms of food sourced in and around the Shonai region in northeastern Japan. 1. Why people say "Food Capital: Shonai" 1) Abundant land surrounded by the ocean, mountains and rivers brings various delicious ingredients Fertile plains on an alluvial fan surrounded by an abundant ocean and Mt. Gassan and Mt. Chokai, each measuring around 2,000 meters high. A miraculous natural environment brought about by varied terrain and a clearly defined difference in temperatures across the four seasons. Abundant fishing grounds where warm and cold currents meet. 2) Ingredients with a story Rare ingredients few in number but high in variety -- there exist over 70 types of native produce passed down throughout the generations. Each type of produce has its own folklore, and each has its own special flavor suited to Shonai, making them "edible cultural assets." 3) Delicious cuisine The Three Mountains of Dewa's "shojin ryori" -- vegan meals eaten by Japanese monks and priests -- refined by its long history (Tsuruoka City designated as a UNESCO Creative City of Gastronomy). Traditional local cuisine and creative Western cuisine using local fish and native produce in abundance, soy sauce-flavored ramen with clear broth, with "dashi" made from seafood, and more! 2. Closer than you think! "Food Capital: Shonai" Transfer at Haneda Airport and arrive at Oishii Shonai Airport in just one hour! Four return flights a day between Haneda Airport and Oishii Shonai Airport. (Oishii = Delicious) 3. Take the chance to try it in Hong Kong! Fresh ingredients imported to Hong Kong by special express! Japanese restaurants across Hong Kong are planning to use these ingredients in their cooking. For further information, please check the following website.Website: http://syokunomiyakoshounai.com/international/ Promotion video website: https://youtu.be/hcf6XRKaygAhttps://youtu.be/JNEOkwxkiOIRelated Links :http://syokunomiyakoshounai.com/international/
  • Sunway Resort Hotel & Spa Awarded "Best Premier Holiday Destination in Malaysia" at the International Excellence Awards 2019
    The International Excellence Awards is a prestigious recognition organised by Brand Icon, a reputable creative and branding firm based in India KUALA LUMPUR, Malaysia, March 25, 2019 /PRNewswire/ -- Sunway Resort Hotel & Spa was recently awarded the "Best Premier Holiday Destination in Malaysia" at the prestigious International Excellence Awards (IEA) 2019 which was hosted in the hotel's newly refurbished ballroom. The event was graced by popular Bollywood celebrity Kareena Kapoor, who presented the trophy and plaque to Sunway Resort Hotel & Spa's Cluster General Manager, Mr Roger Marcz. Mr Roger Marcz, Cluster General Manager of Sunway Resort Hotel & Spa receiving the award from Kareena Kapoor   Sunway Resort Hotel & Spa in Sunway City was awarded the Best Premier Holiday Destination in Malaysia "We are indeed honoured to have received this award and recognition. This will certainly pave the way, creating greater awareness for Sunway City in India. Strategically located in an integrated destination, we are able to cater to all types of travelers - from fun-filled family holidays, to honeymooners, and to business travellers attending global conferences and conventions. We look forward to welcoming more travellers from India to stay with Sunway Resort Hotel & Spa in Sunway City Kuala Lumpur," said Mr Marcz. Now in its third edition, IEA is organised by Brand Icon, a pioneer strategic and creative branding firm based in India. The award recognises individuals and corporate sectors that are building and leading successful and dynamic businesses. Sunway Resort Hotel & Spa is located within the integrated township of Sunway City. The iconic landmark seamlessly integrates a cluster of three (3) hotels - a collection of 1,433 guestrooms, suites and pool villas within the flagship Sunway Resort Hotel & Spa, Sunway Pyramid Hotel and Sunway Clio Hotel, conference and convention centres, a theme park, a mega shopping and entertainment mall, medical centre, educational facilities and a multitude of distinctive business and leisure facilities for an all-inclusive experience and convenience. India remains as one of the key markets for Sunway Hotels & Resorts, specifically for the hotels in Sunway City Kuala Lumpur with a steady increase of travellers year-on-year from this region. The destination attracts leisure guests from the families and couples segments as well as specialised meetings and incentive segments, including weddings where some of the most extravagant and elegant weddings from India has been hosted in Sunway Resort Hotel & Spa. The hotel's team of chefs are also able to cater to this group, having a special team of chefs who specialises in Indian cuisine. The Grand Ballroom, meeting and function spaces in Sunway Resort Hotel & Spa also recently went through a major RM54 million (US$14 million) refurbishment work, including enhanced facilities and technology upgrades. The destination offers close to 13,000 square metres of world-class meeting space with over 60 function rooms, countless outdoor themed venues, like the surf beach at Sunway Lagoon, making this one of Malaysia's most versatile conventions and exhibitions venue. Sunway Resort Hotel & Spa is located at Persiaran Lagoon, Bandar Sunway, 47500 Selangor Darul Ehsan, Malaysia. For event enquiries, please reach out to Sunway Resort Hotel & Spa's sales and events specialist at srhs.eventsales@sunwayhotels.com or call +60 3 7492 8000. ABOUT SUNWAY HOTELS & RESORTS: Sunway Hotels & Resorts, the hospitality division of leading Malaysian conglomerate, Sunway Group, operates and manages 11 hotels and resorts in Malaysia, Cambodia and Vietnam, representing a collection of over 3,300 guestrooms, suites and villas. The hotel group's diverse portfolio of hospitality assets and services includes ownership and management of cluster of hotels with large scale convention, meeting and exhibition facilities in an integrated resort city, to private villa destination, a wellness retreat and a portfolio of 5, 4 and 3-star hotels in mixed-use developments. For more information, please visit https://www.sunwayhotels.com Photo - https://photos.prnasia.com/prnh/20190325/2412693-1-a Photo - https://photos.prnasia.com/prnh/20190325/2412693-1-b Related Links :https://www.sunwayhotels.com
  • Chiba Prefectural Government Sending Out Information through "Chiba-no Miryoku Hasshintai" Facebook Page to Publicize Local Attractions
    CHIBA, Japan, March 25, 2019 /PRNewswire/ -- Chiba Prefecture, home to Narita International Airport, is transmitting information through the "Chiba-no Miryoku Hasshintai" ("team to publicize the attractions of Chiba") Facebook page, opened in September 2018, to publicize the prefecture's allures to the rest of Japan and the world as the 2020 Tokyo Olympic and Paralympic Games are drawing near. (Photos: https://kyodonewsprwire.jp/release/201903224505?p=images) People who love Chiba have so far posted approximately 600 messages on the Facebook page, introducing the charms of the prefecture including Chiba's unique food and impressive scenery as well as local residents' hospitality. The winners were selected from among numerous posts based on the number of likes and shares they won as well as screening by experts including a well-known blogger. Chiba-no Miryoku Hasshintai forum was held at the Chiba Prefectural Museum of Art, known for its spacious structure, and the winners and messages were introduced for their impressive and favorable reactions. The experts delivered speeches on the attractions of Chiba and how to introduce such charms to the public using SNS. Prefectural government officials hope that as many people as possible will feel the attractions of Chiba Prefecture, which hosts Narita International Airport that is the gateway to Japan, through the Chiba-no Miryoku Hasshintai Facebook page. The following prize-winning posts are carried on the "Chiba-no Miryoku Hasshintai" Facebook page. Chiba Prefectural Government officials are calling on members of the public to post "likes" if they find the posts interesting: (1) Gold Prize (post that garnered the largest number of "likes" and share) Name: Yukiko TakashiroContent: Omigawa Ekimae Shotengai (shopping street in front of Omigawa Station) (Katori city) https://www.facebook.com/introchiba/photos/a.505880993198427/615572998895892/?type=3&theater (2) Silver Prize (post that garnered the 2nd largest number of "likes" and share) Name: Tatsuya SatoContent: Hojo Beach (Tateyama city) https://www.facebook.com/introchiba/photos/a.505880993198427/613485252438000/?type=3&theater  (3) Bronze Prize (post that garnered the 3rd largest number of "likes" and share) Name: Toshiki SekiContent: Haraoka Beach (Minamiboso city) https://www.facebook.com/introchiba/photos/a.505880993198427/613927662393759/?type=3&theater
  • Kazia to present on Cantrixil at American Association for Cancer Research (AACR) 2019 Annual Meeting
    SYDNEY, March 25, 2019 /PRNewswire/ -- Australian oncology-focused biotech company Kazia Therapeutics Ltd (ASX: KZA, NASDAQ: KZIA) has been selected to present data from the Phase I study of Cantrixil in ovarian cancer at the American Association for Cancer Research (AACR) 2019 Annual Meeting. AACR's Annual Meeting is one of the top-tier academic conferences worldwide and brings together around 20,000 representatives from academia, industry, government and advocacy organisations from across the globe. The meeting is being held from 29 March to 3 April at the Georgia World Congress Center in Atlanta, Georgia, USA. Clinical Program Director, Daniel Berg will be presenting on Kazia's Cantrixil Phase I in ovarian cancer at the event on 1 April 2019. Mr Berg will present data from Part A of the study -- the dose escalation component -- which completed recruitment in October 2018. TRX-E-002-1 (Cantrixil), is a third-generation benzopyran molecule with activity against cancer stem cells and is being developed to treat ovarian cancer. It was developed in Australia and initial preclinical studies were conducted at Yale University. Cantrixil was granted orphan designation for ovarian cancer by the US FDA in April 2015. The abstract presentation is entitled: Phase I Study of Intraperitoneal TRX-E-002-1 in Patients with Persistent or Recurrent Ovarian Cancer, Fallopian Tube Cancer or Primary Peritoneal Cancer: Results of Dose-Escalation Phase. The abstract has been authored by the trial's Principal Investigators (PIs) - led by the two primary PIs in Australia and the US: Associate Professor Jermaine Coward at the ICON Cancer Care in Brisbane, Queensland and Dr Don Dizon at the Lifespan Cancer Institute at Rhode Island Hospital. The trial is being conducted across six sites in the US and Australia as follows: Country State Site Principal Investigator US Rhode Island Lifespan Cancer Institute, Providence Dr. Don Dizon US Oklahoma Stephenson Cancer Center, Oklahoma City Assoc. Prof. Kathleen Moore US Texas Mary Crowley Cancer Research Centre, Dallas Dr. Minal Barve Australia Queensland ICON Cancer Care, Brisbane Assoc. Prof. Jermaine Coward Australia New South Wales Westmead Hospital, Sydney Prof. Paul Harnett Australia South Australia Flinders Medical Centre, Adelaide Dr. Ganessan Kichenadasse "The key objective with Part A of the Phase I study was to assess the safety of the drug and find the right dose level to take the study to the next stage. We are delighted to be presenting our data at the AACR meeting and we look forward to discussing our findings with clinicians and potential partners," said Cantrixil Program Director Daniel Berg. The presentation session details are as follows: Session Title: Phase I Clinical Trials: Part 3Date and Time: Monday April 1, 2019 1:00 PM - 5:00 PMLocation: Georgia World Congress Center, Exhibit Hall B, Poster Section 16Poster Board Number: 15Permanent Abstract Number: CT091 Interested parties are encouraged to attend and can add the session to their itinerary here: https://www.abstractsonline.com/pp8/#!/6812/session/1315 Meanwhile, the link to the abstract is here: https://www.abstractsonline.com/pp8/#!/6812/presentation/9899 The content of the abstract and presentation is embargoed until the start of the conference when it will be available through the above link and on the Kazia website. ***ENDS*** For more information on Kazia Therapeutics or Cantrixil, please visit: http://www.kaziatherapeutics.com Logo - https://photos.prnasia.com/prnh/20171120/1996749-1LOGO Related Links :http://www.kaziatherapeutics.com
  • UOB aims to more than double its Lady's Card membership in the next five years by giving women more choice in how they earn rewards
    SINGAPORE, March 25, 2019 /PRNewswire/ -- United Overseas Bank (UOB) has revamped its iconic Lady's Card rewards programme in line with the changing priorities of women as revealed in an analysis of their credit card spend over the last five years.[1] UOB's data found that as women cross from one age set to the next, their spending habits change in line with their earning power and life choices. For the younger set who are starting out in their careers, there is a focus on expressing themselves through fashion as they switch from student life to work. This set of women also allocates more of their credit card spend towards after-office activities including dining out, entertainment and transport than other generations. The more established she becomes in her career, the more she spends on travel and fashion. Those above 36 years old not surprisingly spend the most on their families but still treat themselves through fashion, travel and beauty and wellness treatments. These changes in credit card spending habits reflect the different stages and circumstances in their lives. Keeping current with the changing lifestyle choices of women UOB's analysis also found that what women want is changing over generations. Whereas five years ago, 33 per cent of total card spending by women aged 18 to 25 was on fashion, this has fallen to 23 per cent for those aged 18 to 25 in 2018. Similarly, fashion was more of a priority for women aged 26 to 35 five years ago than it is now, dropping eight per cent to 24 per cent of their credit card spend in 2018. For both age groups, travel has now overtaken fashion as the number one spend category in the last five years. Spending priorities for women 36 years old and above have largely stayed the same over the period, however more is being spent on the family such as for children's and infant wear and groceries. These purchases have risen by five per cent since 2013 to account for 12 per cent of their overall spend now. Over the last five years, two trends in women's credit card spending have become apparent -- an increase in travel spend with the increasing demands of everyday life and a substantial increase in transport spend alongside more ride-hailing options and credit card acceptance in taxis. Ms Jacquelyn Tan, Head of Personal Financial Services Singapore, UOB, said one thing that has remained constant is that women's spending priorities have and will continue to change. Jacquelyn Tan, Head of Personal Financial Services Singapore, UOB "Since launching Singapore's first dedicated card for women in 1989, we can see that what works for one set of women today may not for the same set tomorrow. Over many years, we have ensured the Lady's Card has remained contemporary with the changing priorities of women to the point that one in five women in Singapore now holds a UOB Lady's Card. Currently, the Bank serves one in two women in Singapore, and through the transactional data and insights we have gained, we are continually upgrading our card to ensure it always meets the lifestyle and life choices of women," Ms Tan said. Giving women more of what they want In analysing the spending patterns and behavior of women, the Bank reviewed its card data and found the top seven spending categories among its female cardmember base were fashion, travel, dining, beauty and wellness, family, entertainment and transport[2]. Spend within these seven categories grew 26 per cent from 2016 to 2018 and accounts for more than half of all spend made on the UOB Lady's Card for that time period[3]. UOB also overlaid this data with Mastercard research that found that meaningful card rewards are the number one thing women want from their card[4] and that they are constantly looking for ways to earn better benefits with every dollar spent With giving women more of what they want in mind, UOB has revamped its Lady's Card rewards programme to give cardmembers the freedom and flexibility to choose how they earn their rewards based on their lifestyle needs and priorities. UOB is the only bank in Singapore to offer cardmembers the choice in how they earn higher rewards from selected categories. Every quarter, UOB Lady's cardmembers will be able to select up to two preferred spend categories from which they earn 10 times the reward points[5]. This is equivalent to 20 miles for every $5 spend. UOB expects the appeal of the programme will be the catalyst for Lady's Card membership to grow from one in five women to one in three women in Singapore within the next five years. "Every woman is different and in recognition of this individuality, we have created a programme that is unique to each cardmember. For instance, a mother may be planning to take her children overseas during the next school holidays and can choose travel for that quarter to maximise her rewards. During the Lunar New Year, she may change it to the family category as she prepares for traditional celebrations such as her Reunion family dinner. We believe the flexibility around rewards will make the UOB Lady's Card one of the most formidable cards in the market," Ms Tan said. The Bank offers four UOB Lady's Cards -- from the entry level Lady's Card debit through to its exclusive UOB Lady's Solitaire Metal Card -- to ensure there is a card for every stage of a woman's life. In ensuring the contemporary feel of the card, UOB has also collaborated with homegrown fashion designer Priscilla Shunmugam to refresh the design of the Lady's Card. Ms Shunmugam's design of the iconic rose motif takes on a Peranakan influence and was inspired by three key considerations that define the characteristics of Southeast Asian women today - identity, being borderless and femininity. Ladies who would like to own the latest card can visit https://www.uob.com.sg/personal/cards/credit/lady. [1] Spending patterns based on UOB's proprietary analysis of UOB credit card transactions by women from 2013 to 2018[2] As listed on https://www.uob.com.sg/assets/pdfs/ladys-cards-tcs-7mar-2019.pdf?s_cid=pfs:sg:paid:sea:go:na:tx:na:001812:080319-evergreen:na:product:pc-go&vid=pc-go&pib=true %5B3%5D UOB proprietary analysis of Lady's Card transactions for a period of five years from 2013 to 2018[4] MCI panel research (online panel ; field work period Q3-Q4 2017) and RFI research (online and face to face interview)[5] Based on card type. For both the UOB Lady's Solitaire and UOB Lady's Solitaire Metal Card, ladies can pick two of the seven categories to earn 10 times points, with no minimum spend. About United Overseas Bank United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. UOB is rated among the world's top banks: Aa1 by Moody's and AA- by both Standard & Poor's and Fitch Ratings. In Asia, UOB operates through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, as well as branches and representative offices across the region. Over more than eight decades, generations of UOB employees have carried through the entrepreneurial spirit, the focus on long-term value creation and an unwavering commitment to do what is right for our customers and our colleagues. We believe in being a responsible financial services provider and we are committed to making a difference in the lives of our stakeholders and in the communities in which we operate. Just as we are dedicated to helping our customers manage their finances wisely and to grow their businesses, UOB is steadfast in our support of social development, particularly in the areas of art, children and education. Photo - https://photos.prnasia.com/prnh/20190325/2412698-1Logo - https://photos.prnasia.com/prnh/20181018/2271919-1LOGO
  • Accenture #EqualityDrivesInnovation 2019 Reveals Culture of Equality in Indonesia can Increase Workplace Innovation up to Three Times
    Employee innovation abilities is an important indicator in company advancement 80% of organizations in Indonesia supported and encouraged companies to be innovative in their daily work. Culture of gender equality is key in driving innovation mindset JAKARTA, Indonesia, March 25, 2019 /PRNewswire/ -- Marking the celebration of the 16th International Women's Day, Accenture carried out its  #EqualityDrivesInnovation research involving 18,000 respondents from 27 countries, including 700 Indonesian respondents. The theme of the research focuses on cultural impact of the workplace environment towards the company's development and ability to innovate. The findings conclude that companies in Indonesia are already aware on the importance of innovation in advancing their company. Furthermore Accenture's research reveals that in Indonesia the culture of equality has been able to triple innovation mindset[1]. Thus, emphasizing the importance of a culture of gender equality, as an important key to driving the company's innovation mindset. Debby Alishinta, Managing Director of Women in Accenture Sponsor in Indonesia explained, "#EqualityDrivesInnovation shows that the culture of equality is the main driver of innovative mindsets that have a significant impact on the progress of a company. Of all the factors that are the focus of the research, culture is always superior to the others. The culture of equality plays a much more significant role than the geographical, demographic, or company sector factors. Employees show stronger innovative mindset in a workplace with a better culture of gender equality. Research also reveals that equal appreciation on the ability of male and female workers becomes the key to the innovation mindset that gives greater possibilities for companies to compete globally." The era of digital disruption indeed requires employees to have innovative mindsets to support the existence and competition of companies. Employee's innovation capabilities are indicators of success to meet the needs of the fast-moving markets. Constellation Research: Disrupting Digital Business presented data that 52% of companies listed in Fortune 500 went bankrupt due to digital disruption, while demonstrating that innovation plays an important role in the sustainability of the company. Indonesia currently ranks 85th in the World Innovation Index[2]. In positive manner, #EqualityDrivesInnovation reveals that as many as 95% of company leaders have realized the importance of innovation, and 96% of employees want to be more innovative. Qualitative data in Indonesia also reveals that 80% of organizations encourage and enable employees to be innovative in their daily work. Globally, the power of the culture of gender equality to lead innovative mindsets is also very strong, and even creates more impact than age or gender. This research also shows that diversity in the company significantly influences the innovation mindset. As for Indonesia, the research #EqualityDrivesInnovation has shown that the country has embraced diversity or cultural differences compared to other countries. Although diversity has significant influence, the culture of gender equality is an important multiplier that helps companies maximizes their innovation. Research has found that globally, innovation mindset is six times greater when diversity is combined with a culture of equality, compared to other companies that do not uphold a culture of equality and diversity. In line with these findings, Accenture also stated that if every country increases the innovation mindset to 10%, global gross domestic product could increase to $8 trillion by 2028. The equality culture to advance innovative mindset is categorized as follows: Firm and Open Minded Leadership – A diverse leadership team is able to openly determine, share, and measure equality targets. Environment that Empowers Workers – Provides trust to employees; respects individuals; and offers flexibility to create, practice, and work. Comprehensive Actions – Application of policies regarding family friendliness; supporting the rights of every gender and not being biased in hiring; and training employees to work flexibly. Of the three categories, workplace environment that empowers workers is the main key in improving the innovation mindset. This category includes easy access to training, a reliable environment, and leaders or mentors who can develop their skills, cultivate remote work or work outside the office, able to access training companies with time and format that is flexible, and has the opportunity to work based on passion. In addition, #EqualityDrivesInnovation  reports that the factors that support a culture of equality have a greater impact in increasing the innovation mindset than the education level of each individual.  In its efforts to strengthen the findings of this research, Accenture di Indonesia also held a Focus Group Discussion (FGD) with Femina and the Indonesia Business Coalition for Women Empowerment (IBCWE), which became a mouthpiece for efforts to gender equality in Indonesia. The discussion also involved nine director level respondents and eleven respondents with up to senior manager level. The FGD participants agreed Indonesian culture, that is known for politeness and friendliness in the workplace makes the country's views on diversity unique. Making diversity more and more accepted over the years compared to other countries. Petty S. Fatimah, Editor in Chief of Femina and Editorial Director of Prana Group said, "Efforts to uphold the culture of gender equality in the work environment are in fact one of the first steps to implementing a wider culture of gender equality in various fields. Equality in the company will provide more opportunities for Indonesian women to occupy strategic positions and build work situations that give courage to all employees to innovate more without fear of trying and fearing of failure. When culture is equally developed, innovative mindsets also flourish." Maya Juwita, Executive Director, Indonesia Business Coallition for Women (IBCWE) also said, "IBCWE formed as coalition of a number of companies who are committed to promoting economic empowerment of women and gender equality, including Accenture. We believe that the business, along with governments and civil society, play an important role in reducing disparities, poverty alleviation, and achieving goals of sustainable development. Accenture's #EqualityDrivesInnovation in line with our mission supporting the business environment to have optimal role in improving the economic empowerment of women and gender equality. We see that 'equality drives innovation' could be one important point for the government to encourage businesses to provide equal opportunities for women. Together we have to push women empowerment in economic and work area, remove the obstacles for women to reach higher career. Releasing various researches to explore ways to improve the quality of employment as well as gender equality is one of Accenture's efforts to achieve its goal of achieving gender equality in employment by 2050. Accenture believes that to achieve the future with equal employment, it must implement firm goals namely by starting to achieve global employment that upholds gender equality in 2025. Another goal is to increase the percentage of women serving as managing directors by 25 percent globally in 2020. "The appreciation of the culture of gender equality and awareness of the importance of innovation is an extraordinary capital for a company to survive. The top management has a strategic position in leading the corporate culture to uphold equality and empower workers. Furthermore, leaders must be able to guide employees to ward off challenges that hinder the application of a culture of gender equality in the work environment so that a culture of gender equality can be applied well and produces innovative advances that are useful for the company," Debby Alishinta concluded. Get Accenture global report here: accenture.com/gettingtoequal Methodology As part of the research entitled '#EqualityDrivesInnovation', Accenture conducted a survey of more than 18,000 male and female workers with university education in 27 countries – including 700 male and female workers in Indonesia – to understand the important factors in creating a culture of gender equality related to progress and income in the company. The survey was supplemented by in-depth interviews with female workers who were on a "fast track" – fast-growing women in their careers compared to other women. Accenture also analyzes data related to various labor issues, including workforce progress, talent disparity, corporate culture, sexual harassment, gender equality based on level, and company best practices. By combining the findings of this survey, Accenture developed an econometric model to determine the factors that have a significant impact on progress and opportunities for women. This model is used to better understand the implications of these factors on the progress of male and female workers and reduce the income gap. This is possible if companies apply these recommendations. About Accenture Accenture is a leading global professional service company, which provides a variety of services and solutions of strategies, consulting, digital, technology, and business operations. By combining specialized experience and skills in more than 40 industries and all business functions – supported by the world's largest delivery network – Accenture works at business and technology meeting points to help clients improve their performance and create sustainable value for stakeholders. With more than 469,000 personnel serving clients in more than 120 countries, Accenture provides innovation for life and work. Visit our website at http://www.accenture.com. # # # For more information, please contact: Accenture in Indonesia Nia Sarinastiti Inclusion & Diversity Lead and Marketing & Communication Director Wisma 46 - Kota BNI - Lantai 18 Jl. Jend. Sudirman Kav.1, Jakarta 10220 Tel : +6221 574 6575 Email: nia.sarinastiti@accenture.com [1] Culture of Equality – Conditions where 40 factors that encourage improvement in the work environment are present. The more factors that are applied, the more employees are increasing and more prosperous. [2] https://www.globalinnovationindex.org/analysis-indicator
  • Oral semaglutide 7 mg and 14 mg doses showed superior reductions in blood sugar and weight compared to sitagliptin at 26 weeks in data presented at ENDO
    NEW ORLEANS, March 25, 2019 /PRNewswire/ -- Oral semaglutide 7 mg and 14 mg demonstrated superior HbA1c and body weight reductions compared to Januvia® (sitagliptin 100 mg). Non-inferiority for oral semaglutide 3 mg for HbA1c reductions at 26 weeks was not confirmed. Presented today at the Endocrine Society Annual Meeting in New Orleans, Louisiana, with simultaneous publication in the Journal of the American Medical Association (JAMA)[1], PIONEER 3 was a phase 3a trial investigating the efficacy and long-term safety of oral semaglutide 3 mg, 7 mg and 14 mg compared with sitagliptin 100 mg in adults with type 2 diabetes inadequately controlled with metformin, with or without sulfonylurea, over 78 weeks. Oral semaglutide is an investigational once-daily glucagon-like peptide-1 (GLP-1) analogue in a pill. "Many people living with type 2 diabetes do not meet their blood glucose targets despite many available oral antidiabetic therapies," said Dr Dale Allison, PIONEER 3 investigator and director of medical research at the Hillcrest Family Health Center, Waco, Texas. "The PIONEER 3 findings are encouraging, as oral semaglutide demonstrated a clinically significant improvement in HbA1c and this investigational therapy has the potential to become the first oral GLP-1 receptor agonist for those living with type 2 diabetes." In PIONEER 3, the primary endpoints of HbA1c and confirmatory secondary endpoint of change in body weight were assessed after 26 weeks of treatment. When applying the primary statistical approach[a], oral semaglutide 7 mg and 14 mg demonstrated superior HbA1c reductions of 1.0% and 1.3% at 26 weeks, compared to a 0.8% reduction with sitagliptin (both p<0.001). Oral semaglutide 3 mg demonstrated a reduction in HbA1c of 0.6%; non-inferiority compared to sitagliptin was not confirmed (p=0.09). Furthermore, at 26 weeks, oral semaglutide 7 mg and 14 mg demonstrated superior body weight reductions of 2.2 kg and 3.1 kg, both compared to a 0.6 kg reduction for sitagliptin (p<0.01). When applying the secondary statistical approach[b] at week 26, oral semaglutide 7 mg and 14 mg demonstrated statistically significant reductions in HbA1c of 1.1% and 1.4%, respectively, compared to a 0.8% reduction with sitagliptin (both p<0.001). Reductions in HbA1c  seen with oral semaglutide 3 mg were 0.5% and compared to the reductions seen with sitagliptin, the difference is statistically significant in favour of sitagliptin. Reductions in body weight from baseline were statistically significant in favour of all three oral semaglutide doses. In a supportive secondary endpoint at week 78, oral semaglutide 14 mg demonstrated statistically significant reductions in HbA1c  compared to sitagliptin for both statistical approaches (1.1% vs 0.7%; p <0.001a; 1.1% vs 0.4%; p<0.001b). There was no statistically significant difference with oral semaglutide 3 mg (both estimands) or 7 mg (TPol estimand) vs sitagliptin. Reductions in body weight from baseline, which was dose dependent, were statistically significant with oral semaglutide 3 mg, 7 mg and 14 mg at week 78 with reductions of 1.8 kg, 2.7 kg and 3.2 kg, respectively, compared to a 1.0 kg reduction with sitagliptin (all p<0.05a) and 1.9 kg, 2.7 kg and 3.5 kg, respectively, compared to a 1.1 kg reduction with sitagliptin (all p<0.05b). In this 78-week trial, the most common adverse event for oral semaglutide was nausea, which was dose dependent, affecting 7.3% to 15.1%. The nausea rate for sitagliptin was 6.9%. People taking oral semaglutide 3 mg, 7 mg and 14 mg reported serious adverse events at a rate of 13.7%, 10.1% and 9.5%, respectively, compared to a rate of 12.4% of those taking sitagliptin. The proportion of people who discontinued treatment due to adverse events was 5.6%, 5.8% and 11.6% for people treated with oral semaglutide 3 mg, 7 mg and 14 mg, respectively, compared to 5.2% with sitagliptin. About PIONEER 3 and the PIONEER clinical trial programme PIONEER 3 was a 78-week, randomised, double-blind, double-dummy, active-controlled, parallel-group, multicentre, multinational trial with four arms comparing the efficacy and safety of oral semaglutide 3 mg, 7 mg and 14 mg with sitagliptin 100 mg in people with type 2 diabetes inadequately controlled with metformin, with or without sulfonylurea. PIONEER 3 randomised 1,864 people in a 1:1:1:1 manner to receive either a dose of oral semaglutide 3 mg, 7 mg and 14 mg or sitagliptin 100 mg once daily. The primary endpoint was change in HbA1c, and the confirmatory secondary endpoint was change in body weight, both from baseline to week 26. The PIONEER phase 3a clinical development programme for oral semaglutide was a global development programme that enrolled 9,543 people with type 2 diabetes across 10 clinical trials. The programme was completed in 2018. Novo Nordisk is a global healthcare company with more than 95 years of innovation and leadership in diabetes care. This heritage has given us experience and capabilities that also enable us to help people defeat obesity, haemophilia, growth disorders and other serious chronic diseases. Headquartered in Denmark, Novo Nordisk employs approximately 43,200 people in 80 countries and markets its products in more than 170 countries. For more information, visit novonordisk.com, Facebook, Twitter, LinkedIn, YouTube. [a] In PIONEER 3, two distinct statistical approaches were used to evaluate the effects of oral semaglutide. The primary statistical approach is known as the treatment policy (TPol) estimand and it was used to assess the effects of oral semaglutide regardless of discontinuation of trial product and/or use of rescue medication. [b] The secondary statistical approach is known as the trial product estimand and it was used to assess the effect of oral semaglutide, assuming all patients remained on trial product and did not use rescue medication. Further information  Media: Mette Kruse Danielsen +45 4442 3883 mkd@novonordisk.com Michael Bachner (US) +1 609 664 7308 mzyb@novonordisk.com Investors: Peter Hugreffe Ankersen +45 3075 9085 phak@novonordisk.com Valdemar Borum Svarrer +45 3079 0301 jvls@novonordisk.com Ann Søndermølle Rendbæk +45 3075 2253 arnd@novonordisk.com Kristoffer Due Berg (US) +1 609 235 2989 krdb@novonordisk.com References [1] Rosenstock J, et al. Effect of Additional Oral Semaglutide vs Sitagliptin on Glycated Hemoglobin in Adults with Type 2 Diabetes Uncontrolled with Metformin alone or with Sulfonylurea: the PIONEER 3 Randomized Clinical Trial. JAMA. 2019;321(15):1–15. doi:10.1001/jama.2019.2942.Related Links :https://www.novonordisk.com/
  • Goodman Magic Mile Charity Ramp Run 2019 raises over HK$1.27 million for The Fred Hollows Foundation to help reduce blindness
    HONG KONG, March 25, 2019 /PRNewswire/ -- Goodman Group and its partner sponsors are greatly contributing to reducing blindness in rural China by raising over HK$1.27 million for The Fred Hollows Foundation at the  8th Goodman Interlink Magic Mile Charity Ramp Run held on March 24. More than 650 participants took part in a variety of races up the 15-floor cargo ramp at the flagship Goodman Interlink building, a 24-storey cargo ramp warehouse in Tsing Yi, Hong Kong. This year's event was the biggest ever with the number of participants up 60% on last year.   All proceeds from the event are being used to support a major eye health care project in Huanxian County in China's Gansu Province. The project provides eye health screening for over 80,000 senior aged people and 50,000 students, cataract surgery for over 600 people and ophthalmology services for over 30,000 patients. Kristoffer Harvey, Chief Executive Officer of Goodman Greater China said, "Partnering with The Fred Hollows Foundation on our Magic Mile Charity Ramp Run is important to Goodman.The event embodies Goodman's mission to provide great space, and make great things possible for everyone who works with us. Growing every year, the Magic Mile event helps make a difference to the lives of people who need it most, and through The Fred Hollows Foundation, helps empower local eye doctors, nurses and health workers to give thousands of people in Huanxian County a fresh start in life." He added, "We are very grateful to all the sponsors, partners and runners for taking part and making this such a great event. A special mention to CBRE and ING, two of our corporate partners who have been major sponsors since it began in 2011, as well as JLL, BIMCAP and SYW & Associates." Laura Lee, Chief Representative, Hong Kong and ASEAN for The Fred Hollows Foundation, said, "We are very grateful to Goodman and today's participants for their incredible generosity. The Foundation believes four out of five people who are blind don't need to be. Our Gansu project supported by Goodman and the Magic Mile will ensure that everyone has access to quality and affordable eye care, making a real difference to the lives of more than 350,000 people." About Goodman Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist fund managers of industrial property and business space globally. Goodman's global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors. For more information please visit http://www.goodman.com About The Goodman Foundation The Goodman Foundation aims to improve the quality of life, standard of living and health of people across the communities where Goodman operates. Its focus is on social change and improving the lives of those less privileged in our community by providing practical assistance by way of capital expenditure for equipment, funding of programmes and projects, warehousing or office space or the expertise of our people. Many of our community partners, in addition to receiving a Foundation grant, benefit from fundraising and volunteer support from Goodman staff in our good+heart programme along with regular payroll donations through the Goodman good+deeds workplace giving programme. The Goodman Foundation is represented across Australia, New Zealand, mainland China/Hong Kong, United Kingdom, France, Belgium, and Poland. Expansion of the Foundation is continuing across Europe, Japan and USA. The Goodman Foundation has a comprehensive strategy encompassing contributions to the community through the distribution of cash, volunteering, workplace giving and in-kind programmes with long-term (3+years) partnerships developed with charitable organisations underway in all Goodman locations. Through our strategic partnerships with charities, the Goodman Foundation is Building+Communities and making a meaningful difference to the lives of disadvantaged people and vulnerable communities.  For more information please visit https://www.goodman.com/sustainability/goodman-foundation About The Fred Hollows Foundation The Fred Hollows Foundation is focused on ending avoidable blindness caused by cataracts, trachoma and diabetes. It helps people to help themselves by building capacity at all levels - from village health centres to regional hospitals and national ophthalmological networks. The Foundation trains local doctors and health workers, builds and upgrades facilities and provides equipment to achieve long-term and sustainable eye health care. For more information, please visit http://www.hollows.org Related Links :http://www.hollows.orghttp://www.goodman.com
  • Botamedi KR announces groundbreaking Mannas(TM) 'Hydro-Network' technology, reduces risk of chronic diseases from tasty food
    HONG KONG, March 25, 2019 /PRNewswire/ -- BotaMedi, a seasoned corporation in the biological research industry, is therefore targeting the food industry with the new introduction of Mannas™ and its patented 'Hydro-Network' technology, which is good news for the masses who want to enjoy good food but are also concerned about health issues. Mannas™ is a food additive that helps to control blood glucose and cholesterol, while also enhancing the flavor, texture and preservation of cooked food. These properties come from its 'Hydro-Network' technology, which is based on the core ingredient, Marine Oligomers of Phloroglucinol (MOP). MOP is a natural extract from brown seaweed called Ecklonia cava, found in the deep seas of South Korea. It has a highly advanced polyphenolic biochemical structure and is more potent than any other edible polyphenols. The key is MOP's ability to rearrange water molecules inside food to form a structured 'Hydro-Network', strengthening the bonds between other food molecules and locking in water to prevent dehydration. This provides enhanced texture, flavor and prolonged shelf life of food while minimizing unpleasant odors such as the smell of fish. Mannas™ further activates our taste buds to enhance our sensation of sweet and salty tastes, so that we can enjoy strong flavors with lower amounts of salt and sugar in food. What's more, MOP in Mannas™ is a multi-potent molecule that gives various benefits to the human body. First, it is a super-antioxidant that is 230 times more powerful than vitamin E, eliminating free radicals from our body to reduce risk of chronic diseases, cancer and metabolic syndrome. MOP also has enzymatic properties that slow down the absorption of fat, cholesterol and sugar after digestion, which allows control of high blood cholesterol, high blood glucose, high blood pressure, high blood cholesterol and obesity. MOP (recognized internationally as Seanol® or Seapolynol®) has been certified by the US Food and Drug Administration (FDA), the EU European Food Safety Authority (EFSA), and the Korea Ministry of Food and Drug Safety (MFDS). Mannas™ Hydro-Network can be applied to various foods in liquid or powder form to not only reduce absorption of fats, salts and sugars, but also to enhance taste and preservation. This technology can re-establish a new definition of healthy eating by reducing the risk of chronic diseases from our diets.
  • The9 Limited Signs Joint Venture Agreement with Faraday&Future Inc.
    The9 will be a 50% partner in the joint venture with control over business operations. The joint venture will serve the China market with manufacturing, marketing, distribution and sale of Faraday Future's new brand V9 model, a flagship luxury EV based on the technology and design concepts of the FF 91 EV, Faraday&Future's flagship consumer car model, and other potential selected car models. The expected annual production capacity of the joint venture is 300,000 cars, and the first pre-production car is expected to roll off the production line in 2020. Faraday&Future will make contributions including the use right in a piece of land in China for electric cars manufacturing and will grant the joint venture an exclusive license to manufacture, market, distribute and sell Faraday Future's new brand V9 model and other potential selected car models in China, with The9 making up to US$600 million in total capital contribution. The9 will make an initial deposit of US$5 million with Faraday&Future, with the rest of The9's capital contribution contingent on satisfaction of funding conditions. SHANGHAI, March 25, 2019 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that it has signed a joint venture agreement (the "JVA") with Faraday&Future Inc., a company incorporated and existing under the laws of California in the U.S. ("FF") to establish a joint venture (the "JV") to manufacture, market, distribute, and sell electric cars in China. The JV's immediate objective is to exclusively manufacture, market, distribute, and sell the Faraday Future's  new brand V9 model, a flagship luxury IAIEV based on the technology and design concepts of the FF 91, FF's flagship consumer car model, and other potential selected car models in China. Under the terms of the JVA, The9 will make capital contribution of up to US$600 million in three equal installments to the JV, and FF will make contributions including its use right in a piece of land in China for electric cars manufacturing and will grant the JV an exclusive license to manufacture, market, distribute and sell Faraday Future's new brand V9 model and other potential car models in China, in each case subject to the satisfaction of certain conditions. The9 and FF will each have 50% ownership of the JV, while The9 will control the business operations of the JV. FF, the JV and The9 will negotiate and enter into a license agreement pursuant to which FF will grant to the JV an exclusive license to manufacture, market, distribute and sell Faraday Future's  new brand V9 model and other potential selected car models in China. "We are very pleased to see The9, an Internet company with more than a decade of industry experiences, to partner with FF, a high-tech internet smart mobility company to bring high-quality luxury electric vehicles to the Chinese marketplace," said Mr. Jun Zhu, CEO of The9, "FF has the industry leading product technology and strategy, and a team of world-class top talents and resources. Leveraging the technology capabilities of FF, we believe our alliance with FF provides us with a great opportunity to pursue the fast-growing market of electric vehicles in China. We look forward to a long and successful relationship with FF and we honor this step to diversify our business portfolio as a high-tech Internet company."  "As a California-based ultra-luxury intelligent mobility brand, FF has hundreds of proprietary patents, along with more than 2,000 industry patents in process to be approved, in both China and the United States. We are committed to be part of the future of the Chinese EV mobility market. Through the establishment of the joint venture, we are able to implement our  dual-home-market and dual-brand strategy and achieve our strategic goal of introducing our luxury EV brand in China. This is only the beginning of a series of strategic actions for FF, all designed to support the completion and launch of its "new species" FF 91 EV in 2019, continue development of the mass-market premium model FF 81 in both China and the United States. " FF founder and CEO YT Jia commented.  "We are very grateful for this opportunity as it shows the recognition of FF's product technology from The9. I believe that FF's strategic vision and product concept will be perfectly integrated with the Internet and user operation genes of The9 to realize the smooth operation of FF new brand and flagship products in China." said YT Jia. About The9 Limited The9 Limited (The9) is an Internet company based in China listed on Nasdaq in 2004. The9 has aimed to become a diversified high-tech Internet company. For further information about The9, please contact: Ms. Connie Sun Investor Relations Specialist The9 Limited Tel: +86 (21) 5172-9990 Email: IR@corp.the9.com Website: http://www.the9.com/en/ About Faraday&Future Inc. Faraday&Future Inc. (FF) is a California-based global shared intelligent mobility company. Established in May 2014, FF is a global company, headquartered in Los Angeles. FF's vision is to create a shared intelligent mobility ecosystem that empowers everyone to move, connect, breathe and live freely. For further information about FF, please contact: John SchillingDirector, Public Relations310-956-6488john.schilling@ff.comhttps://www.ff.com/ Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of 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. Among other things, statements about the potential transactions may constitute forward-looking statements. Statements that are not historical facts, including statements about The9's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. The9 does not undertake any obligation to update any forward-looking statement, except as required under applicable law. View original content:http://www.prnewswire.com/news-releases/the9-limited-signs-joint-venture-agreement-with-faradayfuture-inc-300817472.htmlRelated Links :http://www.the9.com/en
  • Former Criteo Exec and CEO of BuzzFeed Japan Joins Sojern to Lead Asia-Pacific Expansion
    Top APAC Digital Media Executive Aims to Accelerate Growth in Asia-Pacific for Sojern SINGAPORE, March 25, 2019 /PRNewswire/ -- Sojern, the leading provider of digital marketing solutions for the travel industry, today announced the appointment of Masahiro Ueno as Vice President of Asia-Pacific (APAC). Ueno joins Sojern from BuzzFeed Japan, a joint venture set up by BuzzFeed and Yahoo Japan, where he was CEO. Bringing more than 20 years of leadership experience to the role, Ueno will oversee growth across the wider APAC region including Singapore, Hong Kong, Australia, and New Zealand. Max Ueno, Vice President of Asia-Pacific (APAC) at Sojern Already a familiar face to many in this region, Ueno has significant experience having formerly held CEO and President positions at top companies in Japan including BuzzFeed, Criteo, Become, Overture, and DoubleClick. Ueno successfully grew the APAC Criteo business from four employees to over 250 across six regional offices representing over 20 percent of Criteo's global revenue. This announcement comes on the heels of a $120 million financing round by TCV in Sojern following rapid growth in the APAC region. Sojern's Chief Revenue Office, Stephen Taylor said: "Masahiro has a proven track record of success in APAC. He has clearly demonstrated his expertise in building high performing organisations that combine the right blend of people, processes and technology in a rapidly evolving digital market. We are delighted he will bring his strong leadership, digital expertise, and operational discipline to further accelerate growth and build on the current momentum Sojern has in the region." The hiring of Ueno, who will be based in the company's Singapore office, comes at a time when the APAC travel market is soaring. APAC flight departures are up 9.6 percent in 2018. According to the World Travel and Tourism Council, APAC tourism will double in the coming decade reaching almost $1.2 trillion by 2026. As the industry grows, so will the demand for brands to match travellers with personalised marketing offers, whilst overcoming the challenges of precisely targeting consumers across multiple devices, channels, and platforms. Ueno commented, "I am excited to join Sojern at this stage of their growth in APAC as this region is predicted to lead global ad spend growth this year. Sojern has the right technology and expertise to provide a truly unique solution that helps travel brands move customers from dream to destination. Sojern's approach fills a unique gap for travel marketers: its cross-channel approach leverages unique audience data to more effectively drive marketing ROI for travel brands. It's exactly what the APAC region needs." Sojern has in excess of 100 clients across the APAC region including the likes of Scoot and Marina Bay Sands. About Sojern Sojern is built on more than a decade of expertise analyzing the complete traveler path to purchase. The company drives travelers from dream to destination by activating multi-channel branding and performance solutions on the Sojern Traveler Platform for more than 8,500 customers around the globe. Recognized as a Deloitte Technology Fast 500 company six years in a row, Sojern is headquartered in San Francisco, with teams based in Berlin, Dubai, Dublin, Hong Kong, Istanbul, London, Mexico City, New York, Omaha, Paris, Singapore, and Sydney. Photo - https://mma.prnewswire.com/media/839791/4__30_of_41___1.jpg Logo - https://mma.prnewswire.com/media/249299/sojern_logo.jpgRelated Links :http://www.sojern.comhttps://www.sojern.com/
  • Huntkey Releases 4 More LED Desk Lamps
    SHENZHEN, China, March 23, 2019 /PRNewswire/ -- Huntkey, a leading global provider of power solutions, has recently released 4 more of its multi-functional LED desk lamps with dimming system and eye protection functions for global use. The lamp models include HL-E200, HL-E300, HL-E400 and HL-E500. https://en.huntkey.com/wp-content/uploads/2019/03/1.jpg https://en.huntkey.com/products/led-lighting/desk-lamp/ HL-E200The HL-E200 is a compact desk lamp that can be easily handled. It features a high-end brown leather body which is made from ABS, and a dimmable lamp with 3-grade CCT adjustment. It has a built-in lithium battery with large capacity, a color rendering index higher than 80 to meet daily use demands. HL-E300The HL-E300 is a snow white lamp equipped with a stepless dimming system, providing the user with a super easy way to control its brightness. It utilizes eye-care technology to produce soft light that protects eyes with no radiation and flicker. It features a super slim goose neck as its stand, which is capable of providing a 360-degree lighting angle. It's simplistic designed, with a total white and polished appearance, which makes it a tasteful addition to home and office. HL-E400The HL-E400 is made from silicone and ABS, an opaque thermoplastic characterized by resistance to heat and impacts. It offers 3 optional color temperatures and a 5-step of dimming choice, which is designed for the user to fit his or her mood. It also provides a 360-degree of lighting angle for convenient use, and produces soft light to protect eyes. HL-E500The HL-E500 is a well-designed lamp with a power output of 10W. It produces soft light that is verified comfortable for eyes. Applied with smart-touch technology, it allows the user to easily and steplessly change its correlated color temperature from2700 to 5500K. It is integrated with 2 shafts between its base, stand and light cover, which makes it foldable to provide different lighting angles. Model Specifications HL-E200 Power: 5W LED Nightlight Battery Capacity: 2000mah Luminous Flux: 240LM CRI: Ra>80 Color: Brown CCT: 2700-5500K Dimensions: 9.5*7.2*50cm ETL, FCC Certified HL-E300 Power: 6W Adapter: DC12V/0.5A Luminous Flux: 380LM CRI: Ra>80 Color: White/Black CCT: 4000K Dimensions: 18*12.5*37.5cm ETL, FCC Certified HL-E400 Power: 7W Adapter: DC12V/1A Luminous Flux: 330LM CRI: Ra>80 Color: Black CCT: 2700-5500K Dimensions: 15.5*14*60cm ETL, FCC Certified HL-E500 Power: 10W Adapter: DC12V/1A Luminous Flux: 400LM CRI: Ra>80 Color: White/Black CCT: 2700-5500K Dimensions: 18*12.5*37.5cm ETL, FCC Certified   About Huntkey Huntkey Group, founded in 1995 and headquartered in Shenzhen, is a member of The International Power Supply Manufacturer's Association (PSMA) and a member of The China Power Supply Society (CPSS). With branch companies in the USA, Japan and other areas, and cooperating factories in Brazil, Argentina, India and other countries, Huntkey has specialized in the development, design, and manufacturing of PC power supplies, industrial power supplies, surge protectors, adapters and chargers for many years. With its own technologies and manufacturing strength, Huntkey has served Lenovo, Huawei, Haier, DELL, ZTE, Bestbuy and many other large enterprises for years, and has received unanimous recognition and trust from many customers. For more information, please visit website: https://en.huntkey.com/   View original content:http://www.prnewswire.com/news-releases/huntkey-releases-4-more-led-desk-lamps-300817389.htmlRelated Links :http://en.huntkey.com
  • Initial Animation Produced by HTC VIVE Gloomy Eyes, EP1, The Encounter Won the Best Storytelling Award at SXSW Film Festival
    Three consecutive festival award winning experience, the Premier Received Positive Remarks in the US TAIPEI, Taiwan, March 23, 2019 /PRNewswire/ -- The SXSW Film Festival has announced that the best storytelling award went to the VR animation, Gloomy Eyes, EP1, The Encounter produced by HTC VIVE, the leading brand in smartphone and VR innovative design in collaboration with the French VR production company Atlas V. SXSW 2019 Film Festival - Jury Award Winner “Gloomy Eyes” Gloomy Eyes is the first VR animation HTC VIVE produced in collaboration with international collaborator. The series consists of a trilogy. The sexy celebrity Colin Farrell was invited to dub the film in the first episode. Another VR film The Making Of, produced by HTC VIVE under the umbrella film series project 5x1, directed by Midi Z was also nominated by SXSW Film Festival for its Virtual Cinema session. Both films have entered the finalists of "Best 360 video", "Best Storytelling", and "Best use of immersive arts". At the Austin Premier, Gloomy Eyes and The Making Of gathered the longest queue for experiencing the films. Audiences gave the fine 6K quality of HTC VIVE PRO thumbs up. Many of them even felt "hungry" after seeing the dumpling-eating scene in The Making Of. The VR animation Gloomy Eyes, EP1, The Encounter was produced by HTC VIVE VR Content Center in collaboration with Atlas V, a famous French animation company in collaboration with the Argentinian studio 3DAR, the European broadcaster Arte and the US studio RYOT. Liu Szu-Ming, Vice president of HTC VIVE VR Content Center and co-producer of Gloomy Eyes, EP1, The Encounter said: "I am very pleased that after the recognition by the Sundance Film Festival, Gloomy Eyes, EP1,The Encounter won the best VR short film award at the 38th Brussels International Animation Film Festival on the 10th; while it won the best storytelling award in SXSW festival, winning awards from three film festivals. It is truly a breakthrough for HTC VIVE, who devotes to the development of HTC VIVE originals." HTC VIVE VR Content Center has developed various VR production in the past two years, and also created the VR commercial theater management system. Besides the production of the VR animation Gloomy Eyes, the global screening of Gloomy Eyes will help the distribution of HTC VIVE content in the European, American and Asian markets. After learning Gloomy Eyes, EP1, The Encounter has received the award, producer Antoine Cayrol said with pleasure: "All the Gloomy Eyes, EP1, The Encounter team is very grateful for being awarded Best Storytelling piece of the Virtual Cinema at SXSW. Innovation in technology and groundbreaking storytelling have always been the heart of this unique festival. And today is the first year that emerging storytelling is receiving official awards, it feels like a very special to us." The game engine real-time computing is applied to Gloomy Eyes, EP1, The Encounter with the mobility of HTC VIVE 6DoF (6 degrees of freedom). Viewers are allowed to freely walk around when watching the films as wandering in the world of animation. The story narrates that a boy has no choice but escape into a forest to avoid the bounty hunter since he stole the belongings from the chief of the village. He then falls in love with a girl he meets during the journey. View original content to download multimedia:http://www.prnewswire.com/news-releases/initial-animation-produced-by-htc-vive-gloomy-eyes-ep1-the-encounter-won-the-best-storytelling-award-at-sxsw-film-festival-300817132.html
  • Jimu Group Limited Announces 2018 Annual Results
    Profit before Taxation Amounts to 1.874 Million Loan Facilitation Business Emerges as Growth Driver Hong Kong, March  23, 2019 /PRNewswire/ -- Jimu Group Limited (the "Company", stock code: 8187.HK, or together with its subsidiaries collectively referred to as the "Group"), focusing on businesses of footwear design and development and loan facilitation, is pleased to announce the annual results of the Company for the year ended 31 December 2018 (the "Period") today. Various uncertainties continue to cloud the global economy. Under this depressed retail market, the sales revenue of the Company's footwear business dropped significantly. However, the Company's loan facilitation business has achieved remarkable result which has reduced the impact from the depressed retail market. As a result, during the Period, the Group recorded revenue of approximately HK$219,353,000, a slight decrease of 7.3% compared year-on-year, and profit before taxation of HK$1,874,000. The Group also posted net loss of HK$3,991,000, significantly narrowed from 2017's HK$9,009,000 million loss, resulted with a loss per share at HK$0.83 cents. Among which, benefited from the growing loan facilitation business, the Company achieved turnaround and recorded quarterly profit in the third quarter of 2018, and the profit further increased to HK$14,410,000 in the fourth quarter. The Board do not recommend the payment of annual dividends this year (2017: No dividends). Accomplishments of Loan Facilitation Business The Group started the loan facilitation business in April 2018. The business sector had a strong growing momentum in 2018, which had already recorded profit in the third quarter, and further expanded the profit to HK$19,911,000 in the fourth quarter. Overall, this business sector recorded annual revenue of approximately HK$96,226,000, and generated profit of HK$24,296,000. The Group mainly provides consulting and credit assessment services to customers in the third and fourth tier cities in China to help them to obtain financing at reasonable cost. Through personal outreach to small and micro enterprise owners, continuous education on financing solutions, data collection and analysis and consultation, the Group aims to assist the customers to obtain appropriate financing solutions from third parties such as financial institutions and/ or other financing platforms, and also provide continuous customer support. As the end of December 2018, the Group has already set up over 40 branch offices across different regions in China to provide assistance to customers with financing needs, with a particular focus on small and micro enterprise owners in third and fourth tier cities in China, who in general, compared to the small and micro enterprise owners in first tier cities, have weaker knowledge or access of financing solutions available in the market, and shows greater market potentials. Mr. Dong Jun, Executive Director and Chairman said, "We believe that China government's emphasis on the development of facilitating inclusive finance is going to pose ample opportunities for the Group; therefore we are optimistic about the future development of the loan facilitation business and would be willing to devote more resources into it." Footwear Business Facing Downward Pressure The Group offers formal and casual footwear for men, women and children to its customers. Resulting from various global uncertainties, in particular, the continuous impact of the Brexit, sluggish economic growth in the EU and the US-China trade dispute which adversely affected customer sentiment, as well as more intense competitions in the footwear industry which led to declining revenue and depressing profit margins. The Group continued to strive for a better footwear business performance. In the fourth quarter in 2018, the footwear business made improvements and recorded revenue growth and thus relatively mild quarterly loss as compared with the first three quarters. However, the footwear business still recorded a net loss in 2018. During the Period, the footwear business suffered from a great reduction in revenue to HK$123,127,000, resulting in a net loss of HK$10,135,000. Prospects Riding on the financial services experiences and skills accumulated by the controlling shareholders of the Group in mainland China, the Group actively participated in the microfinance services market in mainland China. Its loan facilitation business, which was newly launched in 2018, has already been the major driving force of the Group's business. Although we anticipate 2019 will be a challenging year due to the economic uncertainties, the Group is optimistic about the future development of the loan facilitation business and will devote more resources into it, including but not limited to increasing geographical coverage, expanding target customer group and other upstream/ downstream expansion. For its footwear business, the Group adopted certain cost-cutting measures and slowed down certain business plan for the footwear business in view of declining revenue and business performance. In future, the Group will evaluate the current business model and viability of the footwear business in the long-term so as to create the most value for its shareholders. Mr. Dong Jun said, "Looking forward, we are actively modifying the business model for the footwear business, and, based on the development of the loan facilitation business, seeking for more opportunities in the financial sector to strive for diversification growth and sustainable development." -The End- About Jimu Group Limited(Stock code: 8187.HK) Jimu Group Limited, formerly EverSmart International Holdings Limited ("EverSmart"), listed on the GEM of Stock Exchange of Hong Kong Limited in 2016. The Company is principally engaged in the design, development and production of footwear, and is also engaged in the provision of logistics management service and financial services. Hitherto, the Company achieved outstanding business development with its business sectors and partners now covering Hong Kong, mainland China and about 30 other countries and regions in the world. In October 2017, the Asia Matrix Investments Limited, the controlling shareholder of EverSmart, entered into a sale and purchase agreement with Jimu Group Holdings Limited, selling 350,400,000 shares of the Company to Jimu Group Holdings, which accounted for 73.00% of the issued shares of the Company. Jimu Group Holdings acquired 50% or more of the voting rights of the Company. In March 2018, Ever Smart declared its change of company name, logo, stock short names and company websites to "Jimu Group Limited" to replace "Ever Smart International Holdings Limited", which had been used for identification purpose only. The Company is principally engaged in the design, development and production of footwear, as well as logistics services. Currently, the Group has already built a diverse global customer portfolio and developed close relationship with manufacturers in the major footwear processing regions in PRC, and reaching sales orders from dozens of countries across the world. Starting from 2018, the Group entered into a new journey by providing loan facilitation services to customers in relatively underserved markets. It successfully leveraged on the experience and understanding of its shareholders, quality customer services and strong analytics skills to have set up significant number of loan facilitation branch offices across China to serve micro-enterprises, individual businessmen and cultivators in third and fourth tier cities with efficient and pragmatic loan facilitation service, and assist them to obtain appropriate financing solutions from third parties such as financial institutions and/ or other financing platforms. With the wide coverage of its services across cities in China, its venture has yielded very encouraging results which is believed to be one of the driving forces of the Company to further strengthen the Group's business diversity strategy and future sustainable development.
  • Hublot and Ferrari Open a New Chapter in Their Collaboration With the Classic Fusion Ferrari GT Watch
    Classic Fusion Ferrari GT BALE, Switzerland, March 23, 2019  /PRNewswire/ -- Since the very start of their collaboration in 2011, Hublot and Ferrari have always created watches with a unique design and motorisation. Each new edition introduces a new style. This year, Hublot presents an elegant and contemporary piece that draws inspiration from the "Gran Turismo" universe. The launch of the Classic Fusion Ferrari GT watch – with its extremely innovative design which integrates the new UNICO manufacture movement in a body with distinctive and dynamic lines - sees Hublot and Ferrari write a new chapter in their collaboration. Hublot Classic Fusion Ferrari GT 3D Carbon To keep updated, follow: #ClassicFusionFerrariGT #HublotFerrari The long-term collaboration between Hublot and Ferrari is one of a kind and an endless source of creative inspiration that builds on the common values these two prestigious houses share. The constant drive for innovation and refinement behind the unstoppable creative impetus of both Ferrari and Hublot has come to life in the Big Bang Ferrari, the MP-05 LaFerrari and the Techframe. The collaboration first drew inspiration from the racing world and Formula 1, with the Big Bang Ferrari editions. In 2017, Hublot and Ferrari expanded to the universe of GT, with the Techframe Ferrari Tourbillon Chronograph specifically created to celebrate the 70th anniversary of Ferrari. This year the collaboration goes a step further in this world, which has always defined a travel philosophy that combines tradition, elegance and technical perfection. "Driving over long distances at high speed in comfort and with style." This is what the "Gran Turismo" spirit is about. The term also defines a category of limited-production, very high-performance luxury cars. The GT world is one of innovation and refinement, with a passion for mechanics performance and innovation and an appreciation for elegance and beauty. To pay homage to the "Grand Touring" cars, Hublot and Ferrari have now combined for the first time their sense of aesthetic creativity and mechanical innovation in a Classic Fusion, a watchmaking chassis that is both traditional and modern, in line with the stylistic codes of the GT universe. Another first: the famous UNICO manufacture movement has been integrated into a 45-mm-diameter Classic Fusion case. This is the second of Hublot's own chronograph calibres, unveiled in 2018 (HUB1280). Protected by four patents, this self-winding flyback chronograph movement, with 4 Hz frequency (28'800 A/h) and a column wheel that can be seen from the dial side, has technical specifications that are fit for a champion with, in particular, a thickness of only 6.75 mm and 3-day power reserve that is very useful for day-to-day life. The entirely new Classic Fusion Ferrari GT is available in three different cases: Titanium (limited edition of 1,000 pieces), King Gold (limited edition of 500 pieces) and 3D Carbon (limited edition of 500 pieces). All-new in the Fine Watchmaking world, 3D Carbon is a polymer matrix composite (PMC) made of three-dimensional fibres. This high-tech material, which is very popular in motorsport, has outstanding qualities of resistance and, in the case of the Classic Fusion Ferrari GT, offers a lightweight but solid layer of protection, to the UNICO manufacture movement. Designed by the "Centro Stile Ferrari", the new Classic Fusion Ferrari GT draws inspiration from the GT designed and crafted in the Maranello workshops. Its design is very contemporary; Hublot worked on the motor and Ferrari on the body. One of the main design features of the Classic Fusion Ferrari GT is the case, conceived as a true concentrical suspended element that enhances the dial presence and the sophisticated manufacturing making process. For this purpose, the "Centro Stile Ferrari" designers applied their expertise, building bridges between automotive design and watchmaking motorisation, and thereby proving that they love to work and surpass themselves on other projects than those linked to cars. Entirely different yet resolutely complementary to the Techframe launched in 2017, the Classic Fusion Ferrari GT is a watch for lovers of fine mechanical pieces who want to display a contemporary and refined style. The dial is transparent thanks to the use of sapphire crystal and reveals the high-precision mechanics of the UNICO HUB1280 calibre, with the famous Prancing Horse appearing at 12 o'clock. Each and every detail has been subjected to meticulous finishing touches like the red thread around the sapphire crystal with anti-reflective coating, a stylistic reference to the legendary Ferrari colour. The straps of the Classic Fusion Ferrari GT have been subtly created in black rubber and dressed in Schedoni leather, like the seats of the Maranello historical race cars. Round like a racing tachometer, the new Classic Fusion Ferrari GT is a piece for our time, with particular attention paid to the ergonomics and a thickness of only 13.15 mm, a rarity for an integrated flyback chronograph. This innovatively designed, airy watch of rare elegance opens a major new chapter in the partnership of excellence between Hublot and Ferrari. HUBLOT Founded in Switzerland in 1980, HUBLOT is defined by its innovation, which began with the highly original combination of gold and rubber. This "Art of Fusion" stems from the imagination of its visionary Chairman, Jean-Claude Biver, and has been driven forward by CEO Ricardo Guadalupe since 2012. The release of the iconic, multi-award-winning Big Bang in 2005 paved the way for new flagship collections (Classic Fusion, Spirit of Big Bang), with complications ranging from the simple to the highly sophisticated, establishing the extraordinary DNA of the Swiss watchmaking house and ensuring its impressive growth. Keen to preserve its traditional and cutting-edge expertise, and guided by its philosophy to "Be First, Different and Unique", the Swiss watchmaker is consistently ahead of the curve, through its innovations in materials (scratch-resistant Magic Gold, ceramics in vibrant colours, sapphire), and the creation of Manufacture movements (Unico, Meca-10, Tourbillon). HUBLOT is fully committed to creating a Haute Horlogerie brand with a visionary future: a future which is fused with the key events of our times (FIFA World Cup™, UEFA Champions League™, UEFA EURO™ and Ferrari) and the finest ambassadors our era has to offer (Kylian Mbappé, Usain Bolt, Pelé). Discover the HUBLOT universe at our network of boutiques located in key cities across the globe: Geneva, Paris, London, New York, Hong Kong, Dubai, Tokyo, Singapore, and at HUBLOT.com       TECHNICAL SPECIFICATIONS     REFERENCE CASE CASE-BACK BEZEL Titanium: 526.NX.0124.VR Limited to 1000 pieces King Gold: 526.OX.0124.VR Limited to 500 pieces 3D Carbon: 526.QB.0124.VR Limited to 500 pieces   Titanium : Microblasted Titanium King Gold  : 18K King Gold Carbon : Carbon 3D Fiber   Diameter: 45mm Thickness: 13.15mm Water resistance: 10 ATM (100m) Titanium and 3D Carbon : Microblasted Titanium and Sapphire crystal   King Gold  : Microblasted 18K King Gold and Sapphire crystal       Titanium : Microblasted Titanium Polished black-plated Titanium lower bezel   King Gold : Microblasted 18 K King Gold Polished black-plated Titanium lower bezel   Carbon 3D: Polished black Ceramic Microblasted Titanium lower bezel   4 H-shaped Titanium screws DIAL MOVEMENT STRAP & BUCKLE PRICE (On 20th of March 2019)   Sapphire crystal   HUB1280: UNICO Manufacture Self-winding Chronograph flyback movement with column wheel Frequency: 4Hz (28'800 A/h) Power reserve: 72 Hours No. of Components: 354 Jewels: 43     Schedoni Leather Strap and black Rubber   Titanium: Titanium deployant buckle clasp   King Gold: 18K King Gold and Black-plated Titanium deployant buckle clasp   3D Carbon: Black Ceramic and black-plated Titanium Deployant buckle clasp   Titanium : 20'900 CHF 21'700 EUR 22'000 USD 18'200 GBP   King Gold : 36'900 CHF 38'300 EUR 38'800 USD 32'100 GBP   3D Carbon : 25'900 CHF 26'900 EUR 27'300 USD 22'600 GBP   Click here to download the pictures Stay updated with #HublotBaselworld #Hublot Hublot Classic Fusion Ferrari GT King Gold   Hublot Classic Fusion Ferrari GT 3D Carbon 2   Hublot Classic Fusion Ferrari GT Titanium   Hublot Classic Fusion Ferrari GT 3D Carbon   Hublot Classic Fusion Ferrari GT King Gold 2   Photo - https://mma.prnewswire.com/media/839788/Hublot_Classic_Fusion_Ferrari_GT_3D_Carbon.jpg &nbsp; Photo - https://mma.prnewswire.com/media/839824/Hublot_Classic_Fusion_Ferrari_GT_King_Gold.jpg &nbsp; Photo - https://mma.prnewswire.com/media/839820/Hublot_Classic_Fusion_Ferrari_GT_3D_Carbon_2.jpg &nbsp; Photo - https://mma.prnewswire.com/media/839821/Hublot_Classic_Fusion_Ferrari_GT_Titanium.jpg &nbsp; Photo - https://mma.prnewswire.com/media/839822/Hublot_Classic_Fusion_Ferrari_GT_3D_Carbon.jpg &nbsp; Photo - https://mma.prnewswire.com/media/839823/Hublot_Classic_Fusion_Ferrari_GT_King_Gold_2.jpg &nbsp;   Related Links :http://www.hublot.com/
  • Arçelik to Acquire Singer Bangladesh Operations for $75 Million
    Arçelik continues to expand its footprint in Asia-Pacific, announcing the acquisition of Retail Holdings Bhold BV which is the majority shareholder of Singer Bangladesh, one of the leading home appliances retailers and manufacturers in Bangladesh for $75 million The deal is key to Arçelik's strategy of creating a continuous and strong presence along the historical Silk Road ISTANBUL, March 23, 2019 /PRNewswire/ -- Arçelik (IST: ARCLK), a leading player in the home appliances industry, has signed an agreement to acquire Retail Holdings Bhold BV which has a majority stake in Singer Bangladesh Limited (SINGERBD), one of the leading home appliance retailers and manufacturers in Bangladesh, to expand its foothold further in Asia-Pacific. Under the agreement, Arçelik's wholly owned subsidiary Ardutch B.V., will acquire Retail Holdings B.V., the company that controls 57 percent of Singer Bangladesh shares in a deal worth of $75 million. Arçelik CFO Polat Şen, Koç Holding Consumer Durables Group President Fatih Kemal Ebiçlioğlu, Arçelik CEO Hakan Bulgurlu   Founded in 1905 and headquartered in Dhaka, Singer Bangladesh has an extensive product portfolio, ranging from refrigerators to washing machines, televisions to air conditioners. It has top two positions in major product groups as well as the largest retail distribution network in Bangladesh appliance market. Singer Bangladesh has 1,507 employees and it reported 2018 revenues of $164 million. Singer Bangladesh's reported EBITDA and net income are $20 million (12.4%) and $11 million (6.7%) respectively. Arçelik has been intensively growing in Asia-Pacific in the last decade with greenfield investments in China, Thailand, Pakistan, and India in a bid to establish a trade corridor along the historical Silk Road. Koç Holding Consumer Durables Group President Fatih Kemal Ebiçlioğlu said: "This acquisition is another significant step on our Silk Road strategy. Bangladesh is one of the fastest-growing economies in the world, and it will further accelerate in the medium to long term. The market offers huge potential with its expanding middle class and young population. We will combine our global expertise, scale and knowledge with the strong market position of Singer Bangladesh equipped with its strong brand image, for further product developments to grasp the local market needs." Arçelik CEO Hakan Bulgurlu said; "Over the next decade, the growth in our industry will come from Asia-Pacific. Singer Bangladesh is a strategic fit for us, and this deal is a unique opportunity to invest in Bangladesh, a market which holds a great untapped potential. Singer Bangladesh has a strong brand heritage, extensive retail network, and a talented management team. We will continue to build on these strengths by pushing new boundaries and creating strong synergies across retail management, production, purchasing and product sourcing. Our mid-term target is to become the market leader in the major product groups." Stephen H. Goodman, Retail Holdings Chairman, President and CEO, noted "The Singer Bangladesh business will benefit significantly from the sale as Arçelik is a much larger and financially much stronger company, with a commitment to and a world-wide reputation in the home appliance sector. Following the sale, Singer Bangladesh will continue to have a royalty-bearing license from SVP Worldwide, the owner of the Singer trademark, to use "Singer" in the company name and the "Singer" brand on its stores, products and services." ABOUT ARÇELİK Founded in 1955 Arçelik has operations in the durable consumer goods industry with production, marketing and after-sales services, Arçelik offers products and services in 146 countries with its 30,000 employees, 21 different production facilities in 8 countries (Turkey, Romania, Russia, China, South Africa, Thailand, Pakistan and India),  34 sales and marketing companies all over the world and  12 brands (Arçelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy, Dawlance, Voltas Beko and Altus). Arçelik is listed on Istanbul Stock Exchange. http://www.arcelikglobal.com ABOUT RETAIL HOLDINGS BHOLD BVRetail Holdings Bhold B.V. is a Dutch private company with limited liability, incorporated in Amsterdam on January 29, 1990. The Company has been a member of the Retail Holdings/Singer Group and has been acting as a holding company. ABOUT SINGER BANGLADESHSinger is the largest retailers of consumer durables in Bangladesh, with 385 company owned stores. Singer commenced operations in the region in 1905. Today Singer sells all categories of household consumer durables under the Singer and third-party brands. The company also has over 700 wholesale dealers. Singer Bangladesh is 57% owned by Retail Holdings Bhold B.V. (The Netherlands) and the remainder of shares of the company are publicly traded in DSE and CSE. http://www.singerbd.com Logo - https://mma.prnewswire.com/media/839270/Arcelik_Logo.jpgPhoto -  https://mma.prnewswire.com/media/839285/Arcelik.jpg Related Links :http://www.arcelikglobal.com
  • Phoenix New Media Announces Definitive Agreement to Sell Investment in Yidian
    BEIJING, March 23, 2019 /PRNewswire/ -- Phoenix New Media Limited ("Phoenix New Media", "ifeng" or the "Company") (NYSE: FENG), a leading new media company in China, today announced that it has entered into a share purchase agreement (the "SPA") with Run Liang Tai Management Limited ("Run Liang Tai") to sell 32% of the total outstanding shares of Particle Inc. ("Particle") to Run Liang Tai and its designated entities (the "Proposed Buyers") for a total consideration of US$448 million in cash (the "Proposed Transactions"). Particle owns Yidian Zixun ("Yidian"), a rapidly-growing personalized news and lifestyle information application in China that allows users to efficiently define and explore individualized content over mobile devices. The Company currently owns approximately 37.63% of the total outstanding shares of Particle on an as-if converted basis and is expected to own approximately 5.63% if the Proposed Transactions are completed. As previously announced by the Company, the Company entered into a binding letter of intent (the "LOI") for the Proposed Transactions on February 23, 2019. The Proposed Buyers have paid cash deposit of US$100 million to the Company, and the Company and the Proposed Buyers entered into the SPA on March 22, 2019, the deadline set forth in the LOI. Completion of the Proposed Transactions, however, are still subject to certain closing conditions (the "Closing Conditions"), including but not limited to approvals by the board of directors and shareholders of the Company's parent company, Phoenix Media Investment (Holdings) Limited (including any related necessary approval by The Stock Exchange of Hong Kong Limited), as well as approvals, consents and waivers, as applicable, of other shareholders of Particle. There is no assurance that the Proposed Transactions will ever be closed. As previously announced by the Company, the Company may be required to return the US$100 million of deposit to the Proposed Buyers together with interests, and may be required to pay liquidated damages, if the Proposed Transactions fail to close for certain reasons. While the SPA includes substantially the same terms as set forth in the LOI, the Company also agreed in the SPA that it will (i) pay liquidated damages of US$40 million and otherwise fully compensate the Proposed Buyers if the Company materially breaches its representations, warranties and obligations under the SPA, and (ii) pay to the Proposed Buyers additional compensation calculated at an annual rate of 6% for the period in which the Company has held the US$100 million of deposit if the Proposed Transactions fail to close before July 22, 2019 or within such longer period as agreed by the parties due to failure to obtain approvals by the board of directors and shareholders of Phoenix Media Investment (Holdings) Limited for the Proposed Transactions. "We are moving one more step closer towards realizing the return on our investment in Yidian,"said Mr. Shuang Liu, Chief Executive Officer of iFeng. "We believe that selling partial ownership of Yidian to a strategic buyer will help maximize Yidian's growth potential as well as fuel our own growth in the long-run." About Phoenix New Media Limited Phoenix New Media Limited (NYSE: FENG) is a leading new media company providing premium content on an integrated platform across Internet, mobile and TV channels in China. Having originated from a leading global Chinese language TV network based in Hong Kong, Phoenix TV, the Company enables consumers to access professional news and other quality information and share user-generated content on the Internet and through their mobile devices. Phoenix New Media's platform includes its ifeng.com channel, consisting of its ifeng.com website and web-based game platform, its video channel, comprised of its dedicated video vertical and mobile video services, and its mobile channel, including its mobile Internet website, mobile applications and mobile value-added services. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of 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. Among other things, the business outlook and quotations from management in this announcement, as well as Phoenix New Media's strategic and operational plans, contain forward-looking statements. Phoenix New Media may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K, 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. Statements that are not historical facts, including statements about Phoenix New Media's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the online and mobile advertising, online video and mobile paid service markets in China; the Company's reliance on online advertising and MVAS for the majority of its total revenues; the Company's expectations regarding demand for and market acceptance of its services; the Company's expectations regarding the retention and strengthening of its relationships with advertisers, partners and customers; fluctuations in the Company's quarterly operating results; the Company's plans to enhance its user experience, infrastructure and service offerings; the Company's reliance on mobile operators in China to provide most of its MVAS; changes by mobile operators in China to their policies for MVAS; competition in its industry in China; and relevant government policies and regulations relating to the Company. Further information regarding these and other risks is included in the Company's filings with the SEC, including its registration statement on Form F-1, as amended, and its annual report on Form 20-F. All information provided in this press release is as of the date of this press release, and Phoenix New Media does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries please contact: Phoenix New Media LimitedQing LiuEmail: investorrelations@ifeng.com ICR, Inc.Jack WangTel: +1 (646) 405-4883Email: investorrelations@ifeng.com View original content:http://www.prnewswire.com/news-releases/phoenix-new-media-announces-definitive-agreement-to-sell-investment-in-yidian-300817103.html
  • Vivo Announces to Empower Gamers' Conquest at PUBG MOBILE Club Open 2019 by Tencent Games and PUBG Corporation
    Being the official smartphone partner, Vivo showcases its commitment to connect with gamers around the world SHENZHEN, China, March 23, 2019 /PRNewswire/ -- Today, Vivo announced the partnership with the world's leading mobile game- PlayerUnknown's Battlegrounds Mobile (PUBG MOBILE) by Tencent Games and PUBG Corporation as the title sponsor of the upcoming PUBG MOBILE Club Open 2019, one of the biggest mobile gaming tournament in the world. Vivo will provide the official smartphones for the PUBG MOBILE Club Open 2019, which players from ten regions across the globe will be leveraging to battle their way through the Spring & Fall Split, for the total prize pool of $2.5M USD. This global partnership reinforces Vivo's commitment to bringing an ultra-smooth gaming experience to connect with consumers through meaningful partnerships. PUBG MOBILE Club Open 2019 Vivo thrives to be at the forefront of the eSports industry to best serve its consumers. The partnership with PUBG MOBILE is a key milestone especially given that it is a leading mobile game developed by Tencent Games and PUBG Corporation that has over 200 million fans per download excluding China, Korea, and Japan. As one of the biggest mobile gaming tournaments in the world, PUBG MOBILE Club Open 2019 is a strong opportunity to showcase Vivo's vision of 'enjoying the extraordinary' by bringing global players a true gaming experience like no other. This global partnership will unfold and strengthen Vivo's position in being an innovative and stylish brand that always puts our consumer experience first. The PUBG MOBILE STAR CHALLENGE 2018 was watched by over 230 million viewers and drew in over 5,000 live attendees at the global finals in Dubai. The qualifying round of PUBG MOBILE Club Open 2019 will begin on March 22, 2019. The Spring Split Global Finals will be hosted in July this year, with the Fall Split Global Finals following in December. "We are excited to partner with Vivo, as they have a strong reputation in being innovative and putting the consumer's needs first. As an innovative brand ourselves, this partnership highlights our dedication to bring the best experience possible to our players and fans around the world. This partnership is just the beginning, we want to continue building a strong portfolio of partnerships with industry-leading companies, such as Vivo, to provide the best mobile gaming experience possible," said Vincent Wang, General Manager of Global Publishing Department, Tencent Games. About Vivo Vivo is a leading global technology company committed to creating trendsetting smart mobile products and services. Vivo is devoted to forming a vibrant mobile internet ecosystem, and currently owns and operates an extensive network of research operations, with R&D centers in the US (San Diego) and China (Dongguan, Shenzhen, Nanjing, Beijing and Hangzhou). These centers focus on the development of cutting-edge consumer technologies including 5G, AI, mobile photography and next-generation smartphone design. Vivo has over two hundred million users enjoying its mobile products and services around the world. Vivo is present in 18 markets globally and features offline retail stores in over 1,000 cities worldwide. About PUBG MOBILE PUBG MOBILE is developed by Tencent Games and PUBG Corporation and based on PLAYERUNKNOWN'S BATTLEGROUNDS, the original PC and Xbox One gaming phenomenon that took the world of interactive entertainment by storm in 2017. Up to 100 players parachute onto a remote island to do battle in a winner-takes-all showdown. Players must locate and scavenge their own weapons, vehicles and supplies, and defeat every player in a visually and tactically rich battleground that forces players into a shrinking play zone. PUBG MOBILE is available to download for free on the App Store and Google Play. For more information, please visit the official PUBG MOBILE accounts on Facebook, Twitter and YouTube. Photo - https://mma.prnewswire.com/media/824375/Vivo_logo.jpg Photo - https://photos.prnasia.com/prnh/20190322/2411500-1
  • AGTech Announces 2018 Annual Results
    HONG KONG, March 22, 2019 /PRNewswire/ -- AGTech Holdings Limited ("AGTech" or the "Company", HKEX stock code:08279) today announced its annual results for the year ended December 31, 2018. John Sun, Chairman and Chief Executive Officer of AGTech said, "2018 has been a challenging yet rewarding year for AGTech as we continue to realize the potential of being a part of the Alibaba family, we advanced our business on many strategic fronts. Over the past year, we continued to promote synergy by integrating our resources, identifying ways to leverage and complement Alibaba Group's vast network and new retail initiative, putting in place the necessary business and commercial arrangements. Strategic initiatives such as lottery distribution within Alibaba's retail channels, optimizing the lottery channels on mobile Taobao & Alipay, launch of our sports interactive casual product during the 2018 World Cup are all synergies we have managed to create within the Alibaba ecosystem. As the exclusive lottery platform of Alibaba Group and Ant Financial Group, we will continue to strengthen cooperation with other Alibaba Group's networks, provide more innovated initiatives across different products, channels, technology and marketing campaigns to help expand the access and popularity of lottery, and thereby contributing to the healthy development of the lottery industry of PRC." "As a leading lottery manufacturer and supplier in China, our hardware division continues to support and work with China lottery authorities, with lottery terminals deployed in major provinces across China. Our technical research and development team will continue to bring innovative products to the market in enhancing experience for both lottery retail owners and customers. " "Gamepind, the mobile gaming platform launched by our overseas joint venture with PayTm Group, continues to be a strategic growth area for our company. Gamepind will continue to build on its growing user base, paving way to further commercial and monetization opportunities in capturing the growing market in India. Looking forward, we will continue to seek strong suitable local partners in selected international markets to further leverage our platforms of games and entertainment offerings to serve more customers globally in the future." "On the international front, AGTech participated in the 2018 World Lottery Summit held in Buenos Aires, Argentina as one of four Gold Contributors of the World Lottery Association (WLA). The WLA is committed to advancing the interests of state-authorized lotteries globally, adhering to the strictest standards of social responsibility, responsible gaming, security and risk management. We believe that this will affirm our contribution to the positive growth and development of lottery in China and around the world." "Importantly, we continued to invest in our future, laying the necessary foundation for our team, systems, technology and infrastructure to be well positioned towards our initiative to become a data technology company. As the exclusive lottery platform of Alibaba Group and Ant Financial Group, our ability to capture the opportunities as it relates to the potential resumption of online lottery distribution will be better than ever. Our games and entertainment teams will continue to develop additional interactive social and sports-related offerings. AGTech's initiative as a data enabler through big data applications, which we expect to be witnessed in our upcoming co-operation with the Guangdong Sports Lottery Center on the construction of a comprehensive lottery network service platform, is the foundation that is required towards empowering digitization to our industry. We believe that our commitment to innovation, coupled with our perseverance and focus on the long term, will significantly reward our shareholders and their patience in the future. " 2018 Key Financial Highlights Revenue of the Group for 2018 amounted to approximately HK$168.6 million representing a decrease of approximately 44.2% over 2017. Revenue contributions were mainly derived from lottery hardware, lottery games and systems, provision of distribution and ancillary services, games and entertainment business in the PRC. The decrease in revenue for the year was caused by a decrease of approximately HK$86 million in revenue from the games and entertainment division and a decrease in sales of lottery hardware of approximately HK$60.3 million, partially offset by an increase of approximately HK$6.7 million in revenue from the lottery games and systems and an increase of approximately HK$5.9 million in revenue from the provision of distribution and ancillary services. The profit for 2018 was approximately HK$317 million (2017: loss of approximately HK$370 million). The change from loss to profit for the year was mainly attributable to several non-cash and non-operating items relating to the fair value changes of convertible bonds and contingent consideration payables under the Score Value Transaction. In 2018, other operating expenses were approximately HK$114 million (2017: approximately HK$210 million), the decrease was primarily due to the decrease in expenses incurred in connection with the games and entertainment business. -END- About AGTech Holdings Limited AGTech was incorporated in Bermuda and its shares are listed on the GEM (Stock Code: 08279). AGTech is an integrated technology and services company engaged in the lottery and mobile games and entertainment market with a focus on China and selected international markets. A member of the Alibaba Group with around 400 employees, AGTech is the exclusive lottery platform of Alibaba Group and Ant Financial Group. AGTech's businesses are broadly divided into two categories: Lottery (including hardware, games and systems,  provision of distribution and ancillary services); and Games and Entertainment. AGTech is a Gold Contributor of the World Lottery Association (WLA), an associate member of the Asia Pacific Lottery Association (APLA), and an official partner of the International Mind Sports Association (IMSA). For more information, please visit http://www.agtech.com
  • AAHRPP Accredits Three More Research Organizations
    Two in the U.S., one in Taiwan attain the gold standard WASHINGTON, March 22, 2019 /PRNewswire/ -- The Association for the Accreditation of Human Research Protection Programs today announced its first accreditations for 2019: a research institute in Massachusetts, a health care delivery system in California and a hospital in Taiwan. The three newly accredited organizations are: Harvard Pilgrim Health Care Institute, LLC, of Harvard Pilgrim Health Care, Inc., Boston, Massachusetts Memorial Health Services, Fountain Valley, California National Cheng Kung University Hospital, Tainan, Taiwan "These organizations join more than 600 entities worldwide in committing to shared high standards for safe, ethical research," AAHRPP President and CEO Elyse I. Summers said. "Their AAHRPP designation offers assurances—to potential partners, the scientific community and the general public—that study participants are protected and research results can be trusted." The emphasis on universal standards is intensifying, in part, because of the trend toward multisite, multi-institutional research. In this environment, the common ground of AAHRPP accreditation can ease the way for successful collaboration. "The benefits of a common standard are significant and, as the gold standard, AAHRPP accreditation is the logical choice," Summers said. "We continue to work toward one standard worldwide—one accreditation at a time." To earn AAHRPP accreditation, organizations must show that they have built extensive safeguards into every level of their research operation and that they adhere to high standards for research. AAHRPP has accredited organizations across the United States and in Belgium, Brazil, Canada, mainland China, India, Mexico, Republic of Korea, Saudi Arabia, Singapore, South Africa, Taiwan and Thailand. All major U.S. independent institutional review boards have earned AAHRPP accreditation. In addition, 70 percent of U.S. medical colleges and 85 percent of the top National Institutes of Health-funded academic medical centers are either AAHRPP accredited or have begun the accreditation process. NIH, the world's largest public funder of research, has earned accreditation, as has Pfizer, Inc., the largest industry sponsor of clinical research. About AAHRPP: A nonprofit organization, AAHRPP provides accreditation for organizations that conduct or review human research and can demonstrate that their protections exceed the safeguards required by the U.S. government. To learn more, visit http://www.aahrpp.org. FOR MORE INFORMATION CONTACT: Michelle Feige Executive Vice Presidentmfeige@aahrpp.org (202) 783-1112 Logo - https://mma.prnewswire.com/media/224365/aahrpp_logo.jpg Related Links :http://aahrpp.orghttp://www.aahrpp.org
  • Tan Mujiang Comes to Canada
    JURONG, China, March 22, 2019 /PRNewswire/ -- On March 8th, Tan Mujiang's first flagship store (H002) in Canada opened at the Scarborough shopping center in Toronto. The shopping mall is home to 230 shops and Tan Mujiang is situated in the busiest area of the mall, adjacent to Pandora and other international brand stores. H002, Tan Mujiang’ s flagship shop in Canada On the opening day, Tan Mujiang attracted many customers into the store with its eye-catching Chinese logo and a lute performance. Many Chinese were surprised to see traditional Chinese wooden combs abroad, and many locals were impressed by the oriental charm and exquisite craftsmanship of the combs. They found that besides just combing their hair, the exquisite combs could also be a great gift for family and friends. Tan Mujiang is the sole listed company in the wooden comb industry worldwide. They have created more than 40 accurate processes to improve their products, which are made from the natural materials of traditional Chinese handicrafts and feature beautiful shapes, smooth lines, exquisite texture, rich colors and fine hand feel, perfectly integrating traditional culture and modern fashion. Since December 2013, Tan Mujiang has acquired more than 80 patents and provides supplies to more than 1,200 shops all over mainland China, 4 in Hong Kong, 1 in Singapore, and some online shops on Amazon and eBay. H002 is Tan Mujiang's second overseas store opened in 2019 after the store at HONGKONG Telford Plaza. They plan to open 12 overseas stores this year. Zhang Chuanjin, the offline market director said, "Our goal is to popularize our brand by operating our own franchise shops all over the world and not only get orders from overseas businessmen." Tan Mujiang has set up a national general franchising model and hopes to find some franchisees who are interested in their brand. The franchising model includes significant self-developing space and comprehensive support, including market research, location selection, opening preparation guidance, personnel training, store decoration, marketing demonstration and post-sales service, to ensure that the store can operate smoothly and successfully. Tan Mujiang will increase their investment in overseas market promotion. In addition to participating in grand international exhibitions, they will release their brand and product information on popular overseas social media platforms and hold a series of promotion activities for overseas stores. Those interested in Tan Mujiang and want to learn more can contact: Dan Dai+86-511-87186978-8022tmjhwxx@ctans.com View original content to download multimedia:http://www.prnewswire.com/news-releases/tan-mujiang-comes-to-canada-300817041.html
  • Huntkey Will Release Its Portable 90W Type-C charger to Global Markets in the Middle of 2019
    SHENZHEN, China, March 22, 2019 /PRNewswire/ -- Huntkey, a leading global power solution provider, is developing its portable 90W Type-C for overseas markets. https://en.huntkey.com/wp-content/uploads/2019/03/90w-type-c-charger.png The Type-C port is becoming more and more popular in people's daily life, It can be found in cellphones, notebooks, tablets, and other smart devices. Many brands of Type-C chargers have already been released to markets, but a 90W Type-C charger is still difficult to find globally. To meet the demand for fast charging speeds and high charging efficiency, Huntkey has started to develop its own 90W Type-C charger since the beginning of 2019. The final product will be released around July. Besides the high charging efficiency and good quality, the portable design is another unique selling proposition. The 72*72*32mm size will make it convenient to carry even with a small handbag. Model: HKA09020045-2VType: Wall MountInput: 100-240V, 50/60Hz, 2.0AOutput: 5V/3A, 9V/3A, 15V/3A, 20V/4.5AFast Charging: QC3.0+ & PD3.0 TechnologiesEasy Connecting: USB Type-C Port & CableEfficiency Level: VIDimensions(mm): 72*72*30Warranty: 2 Years As a professional provider of power solutions, and a representative factory for many famous international brands in the world, Huntkey can provide professional custom-built services to its partners. About Huntkey Huntkey Group, founded in 1995 and headquartered in Shenzhen, is a member of The International Power Supply Manufacturer's Association (PSMA) and a member of The China Power Supply Society (CPSS). With branch companies in the USA, Japan and other areas, and cooperating factories in Brazil, Argentina, India and other countries, Huntkey has specialized in the independent design, research, development and manufacturing of IT products such as switching power supplies, computer chassis, monitors and adapters, consumer products such as chargers for mobile phones and other electronic products, smart home products such as smart power strips, smart home appliances and smart LED lights, charging piles, and power for new energy vehicles (charging generator, DC/DC, etc.) for many years. With its own technologies and manufacturing strength, Huntkey has been serving the top 3 brand customers in several industries such as information technology, personal computer, mobile phone, retailing and so on. Huntkey has received unanimous recognition and trust from most of the customers. For more information about Huntkey, please visit https://en.huntkey.com Contact Ferris LiaoTel: +86-755-89606658E-mail:huntkey@huntkeydiy.com View original content:http://www.prnewswire.com/news-releases/huntkey-will-release-its-portable-90w-type-c-charger-to-global-markets-in-the-middle-of-2019-300816893.htmlRelated Links :http://en.huntkey.com
  • Hong Kong Airlines debuts Chris Cosentino's Business Class menu on Los Angeles - Hong Kong route
    HONG KONG, March 22, 2019 /PRNewswire/ -- Hong Kong Airlines has launched a brand new Business Class menu for its customers travelling out of Los Angeles International Airport (LAX) from 22 March 2019. Designed exclusively by celebrity chef and television personality Chris Cosentino, the new LAX Business Class menu is an adaption of his current San Francisco Business Class menu and comes with a slight twist to cater to the preferences of Southern California travellers. Chef Chris Cosentino Chris Cosentino is the chef and owner of San Francisco restaurant, Cockscomb, where he reinterprets classic San Francisco dishes by adding his own unique twist. He is also known as the winner of Top Chef Masters, a contestant on The Next Iron Chef and for his appearance in Iron Chef America in addition to his extensive work raising awareness and funds for Chefs Cycle in support of No Kid Hungry, a national charity fighting to end childhood hunger. Chef Cosentino collaborated with Hong Kong Airlines in late 2017 to design a comprehensive menu of 12 dishes, including a series of appetizers, main courses and desserts to be rotated regularly on the airline's service from San Francisco International Airport (SFO) to Hong Kong. His Business Class inflight menu was officially launched on the SFO inaugural flight to Hong Kong on 25 March 2018 and has received positive feedback from Hong Kong Airlines' customers for his "big in flavour, rich in texture" dishes. "When the opportunity came for me to work with Hong Kong Airlines to make delicious inflight meals in Business Class, I jumped at the chance," said Chef Cosentino at a media preview event in Los Angeles on Thursday. Using my years of education and experiences to create meals that would not only satisfy but excite the guests at 10,000 feet up and giving a fresh new approach to what inflight food can be has been a complete joy. Launching our new menu on the Los Angeles-Hong Kong route is very exciting. I am looking forward to flying on the first flight showcasing the menu," he added. (Second from Left) Mr Chris Birt, Hong Kong Airlines Director of Service Delivery, and Chef Chris Cosentino Passengers travelling from Los Angeles can expect a hearty and cohesive three-course menu prepared by Chef Cosentino. Known for his creative use of ingredients and attention to balance, Hong Kong Airlines' customers will be treated to Chef Cosentino's refreshing appetizers such as Kohlrabi Caesar, shrimp, Parmesan and sourdough croutons followed by main courses featuring different proteins on rotational basis. They include his take on the traditional recipe of chicken piri piri with Piquillo pepper, potatoes, Castelvetrano olives and oregano or red wine braised beef short rib with white bean puree, fennel al Forno, pickled peppers and confit garlic cooked to perfect tenderness and more. No meal is complete without dessert and Chef Cosentino's signature panna cotta with strawberries and balsamic vinegar is set to charm Hong Kong Airlines' passengers with its delightful flavours. Please refer to appendix for Chef Cosentino's full menu.  Chicken piri piri with Piquillo pepper, potatoes, Castelvetrano olives and oregano   Charred avocado and shrimp louie Hong Kong Airlines has also introduced a new selection of wines to complement its Business Class inflight meal offerings. They include Canyon Road Cabernet Sauvignon from California, Lake Chalice 'The Nest' Sauvignon Blanc from New Zealand as well as J. Moreau & Fils Chardonnay and Merlot Cabernet Sauvignon from France to pair with different meal options. Mr Chris Birt, Hong Kong Airlines Director of Service Delivery said: "Hong Kong Airlines always strives to deliver the best services to our customers. We launched our menu partnership with Chef Cosentino exactly a year ago on our San Francisco route. His menu has proven to be such a hit with our Business Class customers that we are excited to now bring his signature innovative and creative cuisine to those flying with us from Los Angeles." Hong Kong Airlines' Los Angeles service was launched in December 2017 and was the airline's first destination in the continental United States. The daily service is currently operated by Airbus A350, one of the newest and most technologically advanced aircraft in the world. In September 2018, Hong Kong Airlines introduced its new Business Class product on the Los Angeles route, reaffirming its commitment to serve the USA market with its best products and services. High-resolution photos of Chef Cosentino's menu are available at https://goo.gl/5KCAAu About Hong Kong Airlines Established in 2006, Hong Kong Airlines is a full-service airline firmly rooted in Hong Kong. The airline flies to nearly 40 destinations across Asia Pacific and North America, and currently maintains 85 interline and 20 codeshare agreements with multiple airline partners and ferry service providers. Hong Kong Airlines operates one of the youngest fleets in the world. It has been awarded the internationally acclaimed four-star rating from Skytrax since 2011. For more information, please visit http://www.hongkongairlines.com or our social media channels on Linkedin, Twitter, Instagram and Facebook. Appendix Chris Cosentino's Business Class menu on Los Angeles - Hong Kong route Appetiser - Charred avocado and shrimp louie- Kohlrabi Caesar with shrimp, Parmesan and sourdough croutons- Pate de campagne with cornichons, radish and mustard- Marinated Monterey Bay sardines with cauliflower, raisins and capers Main course- Chicken piri piri with Piquillo pepper, potatoes, Castelvetrano olives and oregano- Red wine braised beef short rib with white bean puree, fennel al forno, pickled peppers and confit garlic - Alaskan cod with gigante beans with broccoli rabe salsa verde- Slow roasted lamb neck with creamy polenta roasted carrots and Ararat spice Dessert- Chocolate cremeaux with fennel pollen shortbread cookies- Panna cotta and strawberries in balsamic vinegar sauce- Ginger dates sticky toffee cake topped with whipped cream and dried sugar dates- Poached pear in red wine sauce with creme fraiche and lemon thyme Photo - https://photos.prnasia.com/prnh/20190322/2411602-1-a Photo - https://photos.prnasia.com/prnh/20190322/2411602-1-b Photo - https://photos.prnasia.com/prnh/20190322/2411602-1-c Photo - https://photos.prnasia.com/prnh/20190322/2411602-1-d Photo - https://photos.prnasia.com/prnh/20190322/2411602-1-e Related Links :http://www.hongkongairlines.com
  • YuppTV Bags the Digital Broadcast Rights for VIVO IPL 2019 for Australia, Continental Europe, and South East Asia
    Cricket fans in Australia, Continental Europe, Singapore, Malaysia, and Sri Lanka can catch all the action live on YuppTV YuppTV also acquired rights for RoW: including South & Central America, Central & South East Asia ATLANTA, March 22, 2019 /PRNewswire/ -- YuppTV, the world's leading OTT platform for South-Asian content, has acquired the digital broadcasting rights for VIVO IPL 2019 outside of India. With this development, cricket fans across the globe can catch all the action of Season 12 of the world's biggest T20 tournament, right as it unfolds.  YuppTV Bags the Digital Broadcast Rights for VIVO IPL 2019 for Australia, Continental Europe, and South East Asia   YuppTV is bringing the highly engaging action to all of its existing and new users in Australia, Continental Europe, Singapore, Malaysia, Sri Lanka and RoW including South & Central America and Central & Southeast Asia. Commenting on the announcement, Mr. Uday Reddy, Founder & CEO, YuppTV, said, "We are glad to acquire the digital broadcasting rights for the IPL 2019 and would be enabling on-the-go-access to all the action unfolding in the Season 12 of IPL. We are determined to provide our global audience with convenient and real-time access to their favourite sporting action, through a wide gamut of internet-enabled devices." As one of the biggest and most-awaited cricketing extravaganzas, Season 12 of Indian Premier League will finally hit the stands on March 23. Promising an enthralling season, the 8 teams will be headed against each other in a total of 60 matches. The season will open with the defending champions, Chennai Super Kings taking on Royal Challenger Bangalore.  Cricket fans in Australia, Continental Europe, Singapore, Malaysia, Sri Lanka and RoW including South & Central America and Central & Southeast Asia can catch all the action from IPL 2019 on YuppTV. They may log on to https://www.yupptv.com/cricket/ipl-2019/live-streaming or access the same via the YuppTV app on smart TVs, smart Blu-ray players, streaming media players, gaming consoles, smartphones, and tablets. About YuppTV: YuppTV is one of the world's largest internet-based TV and On-demand service provider for South Asian content, offering more than 200 TV channels and 3000+ movies in India. YuppTV, received funding from Emerald Media, a platform established by leading global investment firm KKR, wherein Emerald Media acquired a significant minority stake in the company for US$50mn. YuppTV had earlier raised its Series Around of funding from Poarch Creek Indian Tribe of Alabama. Media Contact: Shivam Agarwalshivam@yupptv.com Photo - https://mma.prnewswire.com/media/839836/Uday_Reddy.jpgLogo - https://mma.prnewswire.com/media/839837/YuppTV_Logo.jpg
  • Innergie 2019 New Products Launch
    The Best USB-C Power Solutions for Laptops & Mobility TAIPEI, Taiwan, March 22, 2019 /PRNewswire/ -- Innergie, a brand of Delta, the leading provider of consumer power products and solutions announced today the launch of their new products including 65U, 65W, 18W and 27M among others. Innergie expects to provide consumers with a full range of USB-C charging solutions with high efficiency and better performance, such as laptop adaptor, smartphone charger, more mobile device charger to meet the needs of users in different charging scenarios. "We designed these charging products not only to protect the devices safety but also to be more energy efficient at the same time," said Innergie Business Director PS Tang. With the promise of the best quality controls in design, R&D, top-notch materials guaranteed and the insert/dropping test, users can save electricity and maximize efficiency while charging at the office, home or on the go and made their digital experience better. For Laptop Adaptor - Innergie 65U Laptop Adapter (International) This ultra-small laptop adapter with surprisingly powerful performance for most laptop adapters, displays Innergie's extraordinary abilities of design and performance. Unlike normal products, Innergie's exclusive 3D circuitry design make the smallest adapter on the market and with the dimensions of just 3x3x6 cm³, just 1/3 the size of most other adapters, it's the smallest in its class.  The Innergie 65U laptop adapter including 6 tips can work with the majority of laptop brands such as ASUS, Acer, Dell, HP and Lenovo along with others. Designed in compact size with only 3x3x6 cm³ to fit any available socket space, it never takes up more room than a charger reasonably requires. Charge with 3 travel plugs anywhere around the world and pack light and easy to carry along. Innergie 65U Laptop Adapter-this ultra-small laptop adapter with surprisingly powerful performance for most laptop adapters. - Innergie 65W USB-C Adapter USB PD with the built-in USB-C charging cable: there are 5 different voltages (5V, 9V, 12V, 15V & 20V) to support smartphone, tablet or laptop charging; you always have the right cable for your USB-C devices. The ultra-small USB-C adapter with surprisingly powerful performance for most USB-C devices including laptops, gaming devices and even the MacBook Pro (13-inch model) etc. High quality control: instead of the usual ABS plastic, Innergie's products do not deform during anti-shock, fire-resistant, and durable PC material testing. Superb Durability: strict swing tests guarantee this cable is more durable, more flexible, and able to bend at any angle, giving you a more reliable USB-C cable than the original one. Innergie 65W USB-C Adapter- USB PD with the built-in USB-C charging cable to giving powerful performance - Innergie 18W USB-C Charging Connector The Innergie 18W works with Innergie universal laptop adapters to give you a convenient way to extended capabilities of an extra USB-C charging port. USB PD charging: Full support for USB PD mobile devices in 5V and 9V outputs, even for the latest iPhone series fast-charging. 2-in-1 charging: laptop and mobile phone can charge at the same time, using the Innergie laptop charger to 90W, and charging USB-C mobile device to 18W. The smartest and most powerful: when the tip is not connected, USB-C supports your devices charging up to 60 watts/smart adjustment charging (20V/3A). Innergie 18W USB-C Charging Connector-works with its universal laptop adapters to give you a convenient way to extended capabilities of an extra USB-C charging port For mobile - Innergie 27M USB-C Wall Charger A compact dual USB-C & USB port wall charger could charge multiple devices at the same time. With the built-in smart chip, the Innergie 27M can automatically detect any mobile devices to deliver optimal power for ultimate speed charging. Compact design size, only 5x5x3 cm³, allows it to fit in anywhere. Innergie 27M USB-C Wall Charger - a compact dual USB-C & USB port wall charger could charge multiple devices at the same time Where to buy Please discover the safest mobile chargers at http://bit.ly/2Wb94U9 and find more new product in Amazon https://reurl.cc/r97qE . Specifications 65U 65W 18W 27M Input AC input 100-240V AC / 1.6A 50-60Hz AC input 110-240V AC / 1.5A 50-60Hz DC input 19.5V DC / 4.63A Max. AC input 100-240V / 1.2A 50-60 Hz Output DC output 19.5V DC / 3.33A USB output5V/3A,9V/3A, 12V/3A,15V/3A, 20V/3.25A USB output5V DC / 3A9V DC / 2A20V DC / 3A Max* USB output USB-A: 5V DC / 2.4A USB-C: 5V DC / 3A Output power 65W 65W 18 – 60W 27W Dimensions (LxWxH) 30.4 x 30.4 x 60 mm 66.4 x 66.4 x 28.4 mm 50 × 24.4 × 11 mm 55 × 47.8 × 28.2 mm Weight 85g 215g 15.9g 81g Protection InnerShield™ InnerShield™ InnerShield™ InnerShield™ About Innergie Innergie, a brand of Delta, is a leading provider of consumer power products and power solutions.  Launched in 2008, Innergie builds on the innovation of Delta Group, a world leader in power management with over 40 years of advanced technical experience.  As an energy-saving solutions provider, Delta's businesses encompass power electronics, energy management, and smart green life. Innergie belongs to the business group of Smart Green Life in Delta. With expertise in compact power technology, Innergie designs and produces solutions for the home, workplace, and a mobile lifestyle.  For more information, please visit our website at http://www.myinnergie.com About Delta Delta, founded in 1971, is a global provider of switching power supplies and thermal management products with a thriving portfolio of smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities.  As a world-class corporate citizen guided by its mission statement, "To provide innovative, clean and energy-efficient solutions for a better tomorrow," Delta leverages its core competence in high-efficiency power electronics and its CSR-embedded business model to address key environmental issues, such as climate change.  Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents. Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to CSR. Since 2011, Delta has been listed on the DJSI World Index of Dow Jones Sustainability™ Indices for 8 consecutive years. In 2017, Delta was selected by CDP (formerly the Carbon Disclosure Project) for its Climate Change Leadership Level for the 2nd consecutive year. For detailed information about Delta, please visit: http://www.deltaww.com View original content to download multimedia:http://www.prnewswire.com/news-releases/innergie-2019-new-products-launch-300816913.html
  • WuXi AppTec Reports Strong 2018 Annual Results
    Revenue RMB9,614 Million, up 23.8% (25.4% at Constant Exchange Rate) Year-Over-Year Net Profit Attributable to Owners of the Company RMB2,261 Million, up 84.2% Year-Over-Year Diluted EPS RMB 2.21, up 70.0% Year-Over-Year SHANGHAI, March 22, 2019 /PRNewswire/ -- WuXi AppTec Co., Ltd. (stock code: 603259.SH / 02359.HK), a leading global pharmaceutical and medical device open-access capability and technology platform company with global operations, announces its audited annual results for the year ended December 31, 2018 today. All financials disclosed in this press release are prepared based on International Financial Reporting Standards (or "IFRS"). Financial Highlights Strong revenue growth of 23.8% year-over-year to RMB9,614 million. Applying a constant exchange rate, revenue grew 25.4% to RMB9,739 million. We continued to enhance capabilities and build capacity across all segments, while investing in the latest technologies to expand our service offering. We particularly benefited from a surging increase in business from China-based customers, and biotech customers globally. Gross profit grew 16.6% year-over-year to RMB3,777 million. Gross profit margin was 39.3%.[1] Excluding the impact of foreign exchange loss, gross profit margin was 39.9%. Net profit attributable to owners of the Company increased 84.2% year-over-year to RMB2,261 million, due to strong operations execution coupled with an extraordinary gain of RMB616 million from the fair value change of our investment portfolio.  Adjusted non-IFRS net profit attributable to owners of the Company grew 23.3% year-over-year to RMB1,742 million. Diluted EPS and adjusted non-IFRS EPS increased by 70.0% and 13.9%, respectively. Operational Highlights We acquired 1,400+ new customers, and our active customers count reached 3,500+. - All of the top 20 global pharmaceutical companies are our customers. - We achieved 100% retention rate for our top 10 customers. - We continue to expand our biotech customer base rapidly as our integrated R&D platform enables them to efficiently and effectively discover and develop products. For our success-based drug discovery services, in 2018 we filed 27 new-chemical-entity INDs for our customers with the NMPA (China National Medical Products Administration) and obtained 17 CTAs (clinical trial approval). As of December 31, 2018, we have cumulatively submitted 55 new-chemical-entity IND filings with NMPA for our customers and obtained 34 CTAs. Our small molecule CDMO/CMO segment provided services to 650+ projects, including 40 in Phase III clinical trials and 16 that have been commercialized.  We became the first CMO services provider under China's newly implemented MAH (Market Authorization Holder) policy and began commercial manufacturing services for two products, including: Ganovo®, developed by Ascletis Pharma for treatment of Hepatitis C and Elunate®, developed by Hutchison MediPharma for treatment of colorectal cancer. In the highly-specialized field of cell and gene therapy, we provided CDMO services for 30 clinical stage cell and gene therapies projects; 25 in phase I and 5 in phase II/III. Our fast growing clinical research services business helped one multinational company's PD-1 antibody obtain market approval in China. We also helped a domestic company's break-through drug obtain market approval for the treatment of colorectal cancer. In addition, we helped the BLA submission of the first CD20 biosimilar product in China. In July 2018, we acquired an Austin, Texas based clinical research CRO WuXi Clinical Development, Inc. (carrying on business as ResearchPoint Global). This acquisition has allowed us to expand our global clinical trial service offering to both China based companies and US based companies for their global clinical development. To support future growth, we are significantly expanding capacity including: chemistry laboratory expansion in our Tianjin site and new Qidong site; new cell and gene therapy GMP facilities in our Philadelphia site and Wuxi Jiangsu site; API GMP manufacturing facilities in our Changzhou site; a new medical device testing laboratory in Suzhou, and a new biology research laboratory in San Diego, California. Management Comments "2018 was an incredible year for the global healthcare industry and a fantastic one for our company," said Dr. Ge Li, Chairman and CEO. "The industry experienced significant progress as new innovative drugs address increasingly complex indications with remarkable results.  And with the drug approval timeline greatly accelerated, the number of new drugs approved for market in the United States and in China has reached a record high. We were proud to see that 39 out of the 59 new drugs approved by the FDA came from our customers and we are committed to continually investing in our capabilities and capacity to consistently provide the highest level of service in this rapidly-changing environment."  "We are grateful to our investors who continue to believe in our vision. The capital they provide drives our growth reinforcing the confidence they have in our management team and our business model. In May and December of 2018, we successfully listed on the Shanghai Stock Exchange and the Main Board of the Hong Kong Stock Exchange, respectively." "Our 'Follow the Project / Follow the Molecule / Follow the Customer' strategy continues to deliver stellar results. All along, we continued to successfully execute on our business plan achieving revenue of RMB9,614 million, representing growth of 23.8% year-over-year. Applying a constant exchange rate, our revenue grew 25.4% to RMB9,739 million. Revenue growth was broad-based across all business segments; especially our China-based laboratory services, CDMO/CMO services and clinical research and other CRO services. In addition to investments in our operations, i.e. new talent, new laboratories and facilities, our unique ecosystem that we are relentlessly building provided additional opportunities for us to effectively put our capital to use laying the foundation for future growth." "WuXi AppTec is committed to enable innovation worldwide, catalyzing and benefiting from the continuous transformation of the healthcare ecosystem," Dr. Li continued. "Once the platform boasts enough scale and depth, the long tail effects will be truly dramatic. Looking forward, we are now entering an unprecedented golden age with the healthcare ecosystem emerging, where an ever-increasing number of participants are able to play a role at different stages of innovation. Through our integrated platform, more and more institutions, scientists, hospitals, and doctors will realize their dreams of innovation. In doing so, we will undoubtedly help bring vital medicine to patients faster." Full-Year 2018 IFRS Results 2018 revenue increased 23.8% year-over-year to RMB9,614 million. Applying a constant exchange rate, revenue increased 25.4% year-over-year to RMB9,739 million. - Our China-based laboratory services revenue increased 24.1% year-over-year to RMB5,113 million. We fully leveraged our platform to attract more customers, especially "long-tail" customers, while expanding services to our existing customers. - We grew our CDMO/CMO services revenue 28.0% year-over-year to RMB2,699 million by diligently executing our "follow the molecule" strategy. As our customers' projects move into late stage, we progress alongside of them by providing process validation services all the way through to commercial manufacturing services. - Our US-based laboratory services revenue increased 6.1% year-over-year to RMB1,204 million. Revenue growth was driven by our cell and gene therapies CDMO services and partially offset by a decline in medical device testing services. Cell and gene therapies CDMO services revenue grew 7.5% and 28.4% in the first half of 2018 and second half of 2018, respectively. - Our clinical research and other CRO services revenue increased 64.2% year-over-year to RMB585 million. Revenue growth was mainly driven by the substantial increase of the domestic drug clinical trial market as well as significant improvement of our services in terms of quality, scale and capabilities. - Across all segments, we benefitted from the rapid rise of pharmaceutical innovation in China experiencing 55.5% year-over-year revenue growth from China-based customers. 2018 gross profit increased 16.6% year-over-year to RMB3,777 million. Gross profit margin was 39.3%, slightly lower than 41.7% in 2017[2] primarily due to a decrease in gross profit of US-based laboratory services and RMB appreciation against USD in the first half of 2018. Applying a constant exchange rate, the gross profit margin would be 39.9%. 2018 IFRS net profit attributable to owners of the Company increased 84.2% year-over-year to RMB2,261 million. We experienced significant synergies across business segments by fully leveraging the strength of our "integrated end-to-end" R&D services platform. In addition, we experienced an extraordinary gain of RMB616 million from the fair value change of our investment portfolio. Full-Year 2018 Non-IFRS Results 2018 non-IFRS net profit attributable to owners of the Company increased 75.5% year-over-year to RMB2,464 million. This excludes RMB46 million share-based payments, RMB22 million listing expenses for the offering of our A shares and H shares, RMB116 million foreign exchange-related losses and RMB19 million amortization of intangible assets acquired.  Full-Year 2018 Adjusted Non-IFRS Results Excluding a further RMB750 million realized and unrealized gains from our venture investments and RMB28 million losses from our joint ventures, 2018 adjusted non-IFRS net profit attributable to owners of the Company increased 23.3% year-over-year to RMB1,742 million in 2018. [1] If prepared under Accounting Standard for Business Enterprises of PRC, the gross profit grew 16.8% year over year to RMB 3,793 million. Gross profit margin was 39.5%. [2] If prepared under Accounting Standard for Business Enterprises of PRC, 2018 gross profit increased 16.8% year-over-year to RMB 3,793 million. Gross profit margin was 39.5%, slightly lower than 41.8% in 2017. About WuXi AppTec WuXi AppTec is a leading global pharmaceutical and medical device open-access capability and technology platform company with global operations. As an innovation-driven and customer-focused company, WuXi AppTec provides a broad and integrated portfolio of services to help our worldwide customers and partners shorten the discovery and development time and lower the cost of drug and medical device R&D through cost-effective and efficient solutions. With its industry-leading capabilities such as small molecule drug R&D and manufacturing, cell therapy and gene therapy R&D and manufacturing, drug R&D and medical device testing, WuXi platform is enabling more than 3,500 innovative collaborators from more than 30 countries to bring innovative healthcare products to patients, and to fulfill WuXi's dream that "every drug can be made and every disease can be treated." Forward-Looking Statements This presentation may contain certain "forward-looking statements" which are not historical facts, but instead are predictions about future events based on our beliefs as well as assumptions made by and information currently available to our management. Although we believe that our predictions are reasonable, future events are inherently uncertain and our forward-looking statements may turn out to be incorrect. Our forward-looking statements are subject to risks relating to, among other things, the ability of our service offerings to compete effectively, our ability to meet timelines for the expansion of our service offerings, and our ability to protect our clients' intellectual property. Our forward-looking statements in this presentation speak only as of the date on which they are made, and we assume no obligation to update any forward-looking statements except as required by applicable law or listing rules. Accordingly, you are strongly cautioned that reliance on any forward-looking statements involves known and unknown risks and uncertainties. All forward-looking statements contained herein are qualified by reference to the cautionary statements set forth in this section. Use of Non-IFRS and Adjusted Non-IFRS Financial Measures We provide non-IFRS net profit attributable to owners of the Company and earnings per share for the year of 2017 and 2018, which exclude share-based compensation expenses, listing expenses for offering of our A shares and H shares, foreign exchange-related gains or losses and amortization of intangible assets acquired in business combinations. We further provide an adjusted non-IFRS net profit attributable to owners of the Company and earnings per share for the year of 2017 and 2018, which exclude realized and unrealized gains or losses from our venture investments and joint ventures. Neither is required by, or presented in accordance with IFRS. We believe that the adjusted financial measures used in this presentation are useful for understanding and assessing our core business performance and operating trends, and we believe that management and investors may benefit from referring to these adjusted financial measures in assessing our financial performance by eliminating the impact of certain unusual and non-recurring items that we do not consider indicative of the performance of our core business. However, the presentation of these adjusted non-IFRS financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRS. You should not view adjusted results on a stand-alone basis or as a substitute for results under IFRS, or as being comparable to results reported or forecasted by other companies. View original content:http://www.prnewswire.com/news-releases/wuxi-apptec-reports-strong-2018-annual-results-300816989.htmlRelated Links :http://www.wuxiapptec.com
  • Legal Sea Foods partners with CP Foods on premium products
    BOSTON, March 22, 2019 /PRNewswire/ -- Boston-based upscale restaurant chain Legal Sea Foods (LSF) has selected Charoen Pokphand Foods (CP Foods) to co-pack premium shrimp products for distribution in North America. Charoen Pokphand Foods PLC (CPF) Sharing the same view, Mr. Roger Berkowitz, CEO of Legal Sea Foods, and Dr. Sujint Thammasart, COO (Aquaculture Business Unit) of CP Foods, said it is a proud moment for both companies to jointly introduce premium quality seafood, under the Legal Sea Foods brand, to North American consumers. Within the partnership, CP Foods will produce numerous fresh frozen and high quality items with shrimp sourced from its biosecure aquaculture farms. The products were distributed under the Legal Sea Foods brand, and launched at the Seafood Expo North America and Seafood Processing North America or Boston Seafood Show 2019, the largest Seafood exposition in North America, during March 17 - 19, 2019. It is the main venue where thousands of buyers and suppliers from around the world attend the three-day exposition to meet, network and do business. Attending buyers represent importers, exporters, wholesalers, restaurants, supermarkets, hotels, and other retail and foodservice companies.Both companies share similar values in delivering the freshest and highest quality seafoods from responsible supply chains. "Legal Sea Foods has a long history of serving premium seafood to its more than 7 million restaurant customers annually, a success which is rooted in our fundamental belief in food safety and quality," said Mr. Berkowitz."All of our shrimp are raised in closed system, environment-friendly farms and are fed with feed utilizing fishmeal certified by the Global Standard for Responsible Supply (IFFO RS). Our shrimp feed, seeds, farms and processing plants are recognized as best-in-class within the aquaculture industry, while Legal Sea Foods is the number one seafood brand in America. This makes for a very synergistic partnership," said Mr.Thammasart. About Legal Sea Foods Established in 1950, Legal Sea Foods is an upscale American restaurant chain. The current company headquarters is located in Boston. The group operates 37 restaurants, serving over 7 million customers annually. In addition to running a retail products division, Legal Sea Foods also operates an online fish market and ships fresh fish across the United States. The company implements the highest standards for quality, sanitation and safety at every step -- from purchase, to processing, to shipping and finally, to preparation in the restaurants. About CP Foods Charoen Pokphand Foods PCL (CP Foods) is a global and integrated agro-industrial and food company, delivering high-quality products from operations situated in 17 countries, with 4 billion consumers combined. The company operates its business on the principle of "Corporate Social Responsibility Towards Sustainability" under 3 pillars - Food Security, Self-Sufficient Society and Balance of Nature," which supports the UN Global Compact principles and the Sustainable Development Goals (SDGs). CP Foods is a leading shrimp farmer, processor and exporter, utilizing modern technologies throughout its operations. It offers fresh seafood products from a responsible supply chain, certified by international organizations. The company is also a proud member of global organizations, such as the UN Global Compact, SEABOS, GSSI, and Seafood Task Force, driving sustainable and positive changes across the world. As a result of its sustainability initiatives, the company is currently listed in a number of notable indices, such as the DJSI Emerging Markets, the FTSE4Good Emerging Index, and the Stock Exchange of Thailand's SET 50.For more information, please contact: Charoen Pokphand Foods PCL (CP Foods)Tel. +66-2766-7343-5, +662-631-0641, +662-638-2713Email: pr@cpf.co.th Photo - https://photos.prnasia.com/prnh/20190322/2411591-1
  • CooTek's Short Video Community App VeeU Expands Into Vietnam
    SANTA CLARA, Calif., March 22, 2019 /PRNewswire/ -- CooTek (NYSE: CTK), the developer of the short video community app VeeU, has released a customized version of the app with short video content relevant to users in Vietnam. "VeeU's short video community has been widely accepted by many users in Vietnam," commented Mr. Henry Yao, Senior Product Director at CooTek. "By providing the Vietnamese users with more relevant videos, we hope to quickly become the most popular platform for users there to share and watch short and funny videos."  Last year, VeeU ranked as the top Google Play entertainment app in Thailand. The short video content offered to users in Thailand by VeeU has also been well received. VeeU's success in Thailand has helped to expand its audience in Vietnam. "With VeeU rapidly gaining popularity in the region, we rapidly took action to strengthen its competitiveness in Vietnam. For example, we are looking into partnering with multi-channel networks ("MCNs") to expand the amount of relevant video content for the Vietnamese community," added Mr. Yao. As one of CooTek's rapidly growing content-rich portfolio apps, VeeU has expanded into Vietnam to support the growth of CooTek's DAU and revenue. Average daily active users ("DAUs") of CooTek's portfolio apps surged 483% year-on-year in December 2018, which led to impressive year-on-year net revenue growth of 259% for the full year 2018. As the main driver of revenue growth, portfolio apps accounted for approximately 63% of CooTek's advertising revenue in 2018. About CooTek (Cayman) Inc. CooTek is a fast-growing global mobile internet company. The mission of CooTek is to empower everyone to express themselves and enjoy relevant content seamlessly. The Company's user-centric and data-driven approach has enabled it to release appealing products to capture mobile internet users' ever-evolving content needs and helps it rapidly attract targeted users. Focusing on 5 verticals of fitness, news and short videos, healthcare, lifestyle and entertainment, CooTek has developed multiple rapidly growing content-rich portfolio apps with news feed to deliver relevant content. For more information, please visit: https://www.cootek.com/ Follow us on Facebook and Twitter: https://www.facebook.com/CooTekInc/ and https://twitter.com/CooTek Safe Harbor Statement This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and 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," "confident" and similar statements. CooTek may also make written or oral forward-looking statements in its reports filed with or furnished 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. Any statements that are not historical facts, including statements about CooTek'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: CooTek's mission and strategies; future business development, financial conditions and results of operations; the expected growth of the mobile internet industry and mobile advertising industry; the expected growth of mobile advertising; expectations regarding demand for and market acceptance of our products and services; competition in mobile application and advertising industry; and relevant government policies and regulations relating to the industry. 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 current as of the date of the press release, and CooTek does not undertake any obligation to update such information, except as required under applicable law. For investor enquiries, please contact: CooTek (Cayman) Inc.Ms. Ivy Lu Email: IR@cootek.com  Christensen In China Mr. Christian Arnell  +86-10-5900-1548  carnell@christensenir.com In US  Ms. Linda Bergkamp  +1-480-614-3004 lbergkamp@christensenir.com View original content:http://www.prnewswire.com/news-releases/cooteks-short-video-community-app-veeu-expands-into-vietnam-300816911.htmlRelated Links :https://www.cootek.com
  • WeChat Pay Supports Merchants Expanding Businesses by Bringing its Ecosystem to the World
    HONG KONG, March 22, 2019 /PRNewswire/ -- WeChat Pay today unveils its latest strategy for cross-border payment business at the WeChat Pay Overseas Partner Conference 2019. Themed on 'One for Billion', the conference encourages service providers and merchants across the world to expand their businesses by reaching out and engaging the Chinese travelers through WeChat ecosystem. Close to 1,600 guests including representatives from global merchants and outstanding service providers from China and overseas, gathered in Hong Kong to explore the new opportunities with WeChat Pay's smart ecosystem. WeChat Pay smart life scenarios experience at the conference. "In the past five years, the progress of mobile payment technology development in China has received global attention, and the digitization of all walks of life has continued at a rapid pace. The real driving force behind this is not just a payment tool, but also the supports of third-party service providers from the various industries. They are the true representatives of digital innovation in China," said Li Peiku, Vice-President of WeChat Pay. The wide variety of functions available within the WeChat Ecosystem will help overseas merchants to smoothly accelerate the digitalization process, in order to better serve Chinese tourists overseas. According to the latest data released at the conference, in 2018, the monthly average transaction volume saw an increase of 500% year-on-year, while the total transaction value increased 400%. Meanwhile, the number of service providers witnessed a year-on-year increase 300%, and the number of merchants accepting WeChat Pay increased 700%. WeChat Pay is now available in 49 markets outside of the Chinese mainland, supporting cross-border payment transactions in 16 currencies. WeChat Pay Unveils Five Key Areas of its Cross-Border Business Making a purchase is not only about payment. The entire experience throughout the consumer journey is important to conclude the transaction. WeChat Pay is looking closely into the overall customer experience, and exploring more smart living solutions to cover retail, F&B, and fashion, municipal services and many other aspects of daily life. At the conference, WeChat Pay unveils five key areas of its cross-border business: To expand its cross-border payment into more markets and to support more currencies. To promote smart checkout solutions and improve the shopping experience for consumers. To promote self-service F&B ordering solutions to ease the communication that involves different and multiple languages. To promote the usage of AI-based solutions in the fashion and beauty industries that enable virtual fitting and makeup testing. To explore more solutions in areas, such as overseas consular services, medical care, education and other social services. WeChat Pay has successfully developed many case studies in offering smart living solutions. For example, at Heytea Hong Kong, users can order through WeChat's Mini Programs to avoid queue and collect their orders in store when it is ready. In Japan, Fuji-Q Highland guests can purchase tickets and check queuing time via WeChat's Mini Programs to better plan their visit for different rides and activities, ensuring a smoother visitor's experience. WeChat Pay is also expanding its scope in other tourism and travel-related solutions. Today, close to 20 Chinese embassies and foreign consulates around the world are offering WeChat Pay services, which means that Chinese citizens can now make payments using WeChat Pay at these embassies and consulates in emergency, for instance replacement requests of their travel documents. WeChat - Connect people to businesses Across Multiple Scenarios With outbound travel becoming easier and an increase in personal income levels, the Chinese outbound travel market continues to expand. In 2018, more than 149 million Chinese tourists travelled abroad with a 14.7% increase on the same period for the previous year[1]. Meanwhile, the consumption of outbound Chinese tourists exceeded US$120 billion, and per capita overseas consumption exceeded RMB 13,000[2]. WeChat Pay not only assists the domestic service providers in mainland China to expand overseas, but also continues to optimize its overall training system to help overseas service providers and merchants to achieve a two-way communication with the Chinese travelers for better customer experience. [1] "2018 Tourism Market Overview", Ministry of Culture and Tourism of the People's Republic of China [2] "2018 Chinese Tourist Outbound Travel Report", China Tourism Academy and Ctrip Photo - https://photos.prnasia.com/prnh/20190322/2411480-1
  • WeChat Pay Supports Merchants Expanding Businesses by Bringing its Ecosystem to the World
    HONG KONG, March 22, 2019 /PRNewswire/ -- WeChat Pay today unveils its latest strategy for cross-border payment business at the WeChat Pay Overseas Partner Conference 2019. Themed 'One for Billion', the conference encourages service providers and merchants across the world to expand their businesses by reaching out and engaging Chinese travelers through WeChat ecosystem. Close to 1,600 guests, including representatives from global merchants and outstanding service providers from China and overseas, gathered in Hong Kong to explore the new opportunities with WeChat Pay's smart ecosystem. WeChat Pay smart life scenarios experience at the conference. "In the past five years, the progress of mobile payment technology development in China has received global attention, and the digitization of all walks of life has continued at a rapid pace. The real driving force behind this is not just a payment tool, but also the support of third-party service providers from the various industries. They are the true representatives of digital innovation in China," said Li Peiku, Vice-President of WeChat Pay. The wide variety of functions available within the WeChat Ecosystem will help overseas merchants to smoothly accelerate the digitalization process, in order to better serve Chinese tourists overseas. According to the latest data released at the conference, in 2018, the monthly average transaction volume saw an increase of 500% year-on-year, while the total transaction value increased 400%. Meanwhile, the number of service providers witnessed a year-on-year increase of 300%, and the number of merchants accepting WeChat Pay increased 700%. In Korea, the number of merchants accepting WeChat Pay increased over 300% in 2018. WeChat Pay is now available in 49 markets outside of the Chinese mainland, supporting cross-border payment transactions in 16 currencies. WeChat Pay Unveils Five Key Areas of its Cross-Border Business Making a purchase is not only about payment. The entire experience throughout the consumer journey is important to conclude the transaction. WeChat Pay is looking closely into the overall customer experience, and exploring more smart living solutions to cover retail, F&B, and fashion, municipal services and many other aspects of daily life. At the conference, WeChat Pay unveils five key areas of its cross-border business: To expand its cross-border payment into more markets and to support more currencies. To promote smart checkout solutions and improve the shopping experience for consumers. To promote self-service F&B ordering solutions to ease the communication that involves different and multiple languages. To promote the usage of AI-based solutions in the fashion and beauty industries that enable virtual fitting and makeup testing. To explore more solutions in areas such as overseas consular services, medical care, education and other social services. WeChat Pay has successfully developed many case studies in offering smart living solutions. For example, at Heytea Hong Kong, users can order through its WeChat's Mini Programs to avoid the queue and collect their orders in store when it is ready. For another scenario in Japan, Fuji-Q Highland guests can purchase tickets and check queuing times via its WeChat's Mini Programs to better plan their visit for different rides and activities, ensuring a smoother visitor's experience. WeChat Pay is also expanding its scope in other tourism and travel-related solutions. Today, close to 20 Chinese embassies and foreign consulates around the world are offering WeChat Pay services, which means that Chinese citizens can now make payments using WeChat Pay at these embassies and consulates if they encounter an emergency, for instance, replacement requests of their travel documents. WeChat - Connect People to Businesses Across Multiple Scenarios With outbound travel becoming easier and an increase in personal income levels, the Chinese outbound travel market continues to expand. In 2018, more than 149 million Chinese tourists travelled abroad, a 14.7% increase on the same period for the previous year[1]. Meanwhile, the consumption of outbound Chinese tourists exceeded US$120 billion, and per capita overseas consumption exceeded RMB 13,000[2]. While WeChat Pay is assisting the domestic service providers in mainland China to expand overseas, WeChat Pay also continues to optimize its overall training system to help overseas service providers and merchants to achieve a two-way communication with the Chinese travelers for better customer experience. [1] "2018 Tourism Market Overview", Ministry of Culture and Tourism of the People's Republic of China [2] "2018 Chinese Tourist Outbound Travel Report", China Tourism Academy and Ctrip Photo - https://photos.prnasia.com/prnh/20190322/2411483-1
  • MINISO Cooperates with Marvel Studios, Releasing 2000 Superheroes Peripheral Products
    GUANGZHOU, China, March 22, 2019 /PRNewswire/ -- On March 13, with the theme of "Meeting the Heroes", MINISO's new product release meeting was held in Guangzhou, China. The world's well-known retail brand MINISO officially announced the cooperation with globally renowned top IP Marvel to develop a series of peripheral products, which will be put on sale in over 100 countries. MINISO announced the official cooperation with the world’s top IP Marvel. The MINISO x MARVEL products exhibition area was set up at the new product release meeting. There were as many as 2000 Marvel products on display, including Spider-man, Captain America, Iron Man, Hulk, Captain Marvel, Thor and Black Widow. This time, the copyright owner of Marvel has granted authorization to MINISO in 123 countries, covering five continents. The licensed products covered 13 product categories of MINISO, which was unprecedented for Marvel. Mr. Ye Guofu, the global co-founder and CEO of MINISO, said that Marvel is the world's top IP with a wide range of influence and appeal. He loved the Marvel movies personally, and watched almost every movie of Marvel. Ye believed that good products should serve the masses instead of serving a small part of people. This is the reason why MINISO would cooperate with Marvel after developing cooperation with Hello Kitty, Adventure Time, We Bare Bears, Pink Panther, Pantone and Sesame Street. MINISO will continue to follow the principle of high quality and affordable price, and bring authentic peripheral products with first-class quality and affordable price to marvel fans around the world. Ada Dou, the executive vice-president of MINISO Commodity Center, indicated that there were three major factors for Marvel to cooperate with MINISO: the retail terminal covering the whole world; the principle of high quality and affordable price; and the high standard product design and quality control. Marvel has formed a subtle complementary relationship with the main consumer groups of MINISO. With this cooperation, Marvel can open up the female market, while MINISO can attract more male consumers through its series of products at the same time, Ada said. The peripheral products launched by MINISO in cooperation with Marvel are not only excellent in product design and quality, but also very competitive in price. An exquisite mug, for example, costs as little as RMB 7.9 on the market, while a Marvel superhero ornament only costs RMB 10 in MINISO, which is almost one tenth of the similar products in some boutiques. As for MINISO, cost-effective products are always a powerful weapon to open up the global market. With this concept, MINISO was able to quickly enter the retail market in more than 80 countries within 5 years. According to MINISO's official data, there are more than 3500 MINISO stores throughout the world so far, with RMB 17 billion turnover in 2018. Photo - https://photos.prnasia.com/prnh/20190322/2411390-1
  • MINISO Cooperates with Marvel Studios, Releasing 2000 Superheroes Peripheral Products
    GUANGZHOU, China, March 22, 2019 /PRNewswire/ -- On March 13, with the theme of "Meeting the Heroes", MINISO's new product release meeting was held in Guangzhou, China. The world's well-known retail brand MINISO officially announced the cooperation with globally renowned top IP Marvel to develop a series of peripheral products, which will be put on sale in over 100 countries. MINISO announced the official cooperation with the world’s top IP Marvel. The MINISO x MARVEL products exhibition area was set up at the new product release meeting. There were as many as 2000 Marvel products on display, including Spider-man, Captain America, Iron Man, Hulk, Captain Marvel, Thor and Black Widow. This time, the copyright owner of Marvel has granted authorization to MINISO in 123 countries, covering five continents. The licensed products covered 13 product categories of MINISO, which was unprecedented for Marvel. Mr. Ye Guofu, the global co-founder and CEO of MINISO, said that Marvel is the world's top IP with a wide range of influence and appeal. He loved the Marvel movies personally, and watched almost every movie of Marvel. Ye believed that good products should serve the masses instead of serving a small part of people. This is the reason why MINISO would cooperate with Marvel after developing cooperation with Hello Kitty, Adventure Time, We Bare Bears, Pink Panther, Pantone and Sesame Street. MINISO will continue to follow the principle of high quality and affordable price, and bring authentic peripheral products with first-class quality and affordable price to marvel fans around the world. Ada Dou, the executive vice-president of MINISO Commodity Center, indicated that there were three major factors for Marvel to cooperate with MINISO: the retail terminal covering the whole world; the principle of high quality and affordable price; and the high standard product design and quality control. Marvel has formed a subtle complementary relationship with the main consumer groups of MINISO. With this cooperation, Marvel can open up the female market, while MINISO can attract more male consumers through its series of products at the same time, Ada said. The peripheral products launched by MINISO in cooperation with Marvel are not only excellent in product design and quality, but also very competitive in price. An exquisite mug, for example, costs as little as RMB 7.9 on the market, while a Marvel superhero ornament only costs RMB 10 in MINISO, which is almost one tenth of the similar products in some boutiques. As for MINISO, cost-effective products are always a powerful weapon to open up the global market. With this concept, MINISO was able to quickly enter the retail market in more than 80 countries within 5 years. According to MINISO's official data, there are more than 3500 MINISO stores throughout the world so far, with RMB 17 billion turnover in 2018. Through constant cooperation with world famous IPs, on the one hand, MINISO makes use of the appeal of IPs to promote product sales; on the other hand, it also makes use of the influence of IPs to enhance brand awareness and reputation, and explores a unique "MINISO model" in the home furnishing market. Photo - https://photos.prnasia.com/prnh/20190322/2411390-1
  • WeChat Pay Supports Merchants Expanding Businesses by Bringing its Ecosystem to the World
    HONG KONG, March 22, 2019 /PRNewswire/ -- WeChat Pay today unveils its latest strategy for cross-border payment business at the WeChat Pay Overseas Partner Conference 2019. Themed 'One for Billion', the conference encourages service providers and merchants across the world to expand their businesses by reaching out and engaging Chinese travelers through WeChat ecosystem. Close to 1,600 guests, including representatives from global merchants and outstanding service providers from China and overseas, gathered in Hong Kong to explore the new opportunities with WeChat Pay's smart ecosystem. WeChat Pay smart life scenarios experience at the conference. "In the past five years, the progress of mobile payment technology development in China has received global attention, and the digitization of all walks of life has continued at a rapid pace. The real driving force behind this is not just a payment tool, but also the support of third-party service providers from the various industries. They are the true representatives of digital innovation in China," said Li Peiku, Vice-President of WeChat Pay. The wide variety of functions available within the WeChat Ecosystem will help overseas merchants to smoothly accelerate the digitalization process, in order to better serve Chinese tourists overseas. According to the latest data released at the conference, in 2018, the monthly average transaction volume saw an increase of 500% year-on-year, while the total transaction value increased 400%. Meanwhile, the number of service providers witnessed a year-on-year increase of 300%, and the number of merchants accepting WeChat Pay increased 700%. In Japan, the transaction volume, the total transaction value and the number of merchants accepting WeChat Pay in June 2018 increased more than 6 times compared with the same period of 2017. WeChat Pay is now available in 49 markets outside of the Chinese mainland, supporting cross-border payment transactions in 16 currencies. WeChat Pay Unveils Five Key Areas of its Cross-Border Business Making a purchase is not only about payment. The entire experience throughout the consumer journey is important to conclude the transaction. WeChat Pay is looking closely into the overall customer experience, and exploring more smart living solutions to cover retail, F&B, and fashion, municipal services and many other aspects of daily life. At the conference, WeChat Pay unveils five key areas of its cross-border business: To expand its cross-border payment into more markets and to support more currencies. To promote smart checkout solutions and improve the shopping experience for consumers. To promote self-service F&B ordering solutions to ease the communication that involves different and multiple languages. To promote the usage of AI-based solutions in the fashion and beauty industries that enable virtual fitting and makeup testing. To explore more solutions in areas such as overseas consular services, medical care, education and other social services. WeChat Pay has successfully developed many case studies in offering smart living solutions. For example, at Heytea Hong Kong, users can order through its WeChat's Mini Programs to avoid the queue and collect their orders in store when it is ready. For another scenario in Japan, Fuji-Q Highland guests can purchase tickets and check queuing times via its WeChat's Mini Programs to better plan their visit for different rides and activities, ensuring a smoother visitor's experience. WeChat Pay is also expanding its scope in other tourism and travel-related solutions. Today, close to 20 Chinese embassies and foreign consulates around the world are offering WeChat Pay services, which means that Chinese citizens can now make payments using WeChat Pay at these embassies and consulates if they encounter an emergency, for instance, replacement requests of their travel documents. WeChat - Connect People to Businesses Across Multiple Scenarios With outbound travel becoming easier and an increase in personal income levels, the Chinese outbound travel market continues to expand. In 2018, more than 149 million Chinese tourists travelled abroad, a 14.7% increase on the same period for the previous year[1]. Meanwhile, the consumption of outbound Chinese tourists exceeded US$120 billion, and per capita overseas consumption exceeded RMB 13,000[2]. While WeChat Pay is assisting the domestic service providers in mainland China to expand overseas, WeChat Pay also continues to optimize its overall training system to help overseas service providers and merchants to achieve a two-way communication with the Chinese travelers for better customer experience. [1] "2018 Tourism Market Overview", Ministry of Culture and Tourism of the People's Republic of China [2] "2018 Chinese Tourist Outbound Travel Report", China Tourism Academy and Ctrip Photo - https://photos.prnasia.com/prnh/20190322/2411482-1
  • Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2018 Financial Results
    2018 full year net revenues increased by 103.5% year-over-year2018 full year gross billings (non-GAAP) increased by 35.0% year-over-year2018 full year new student enrollments[1] increased by 35.6% year-over-year BEIJING, March 22, 2019 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2018. Fourth Quarter 2018 Financial and Operational Highlights Net revenues were RMB568.8 million (US$82.7 million), representing a 65.0% increase year-over-year. Gross billings (non-GAAP) were RMB759.8 million (US$110.5 million), representing a 5.8% decrease year-over-year. Gross profit was RMB490.3 million (US$71.3 million), representing an 84.8% increase year-over-year. Net loss was RMB183.7 million (US$26.7 million), representing a 57.1% decrease year-over-year. Net loss margin, defined as net loss as a percentage of net revenues, decreased to 32.3% from 124.1% in the fourth quarter of 2017. New student enrollments were 119,746, representing a 10.8% decrease year-over-year. As of December 31, 2018, the Company's deferred revenue balance was RMB3,286.0 million (US$477.9 million). Full Year 2018 Financial and Operational Highlights Net revenues were RMB1,974.0 million (US$287.1 million), representing a 103.5% increase from the full year 2017. Gross billings (non-GAAP) were RMB3,214.4 million (US$467.5 million), representing a 35.0% increase from the full year 2017. Gross profit was RMB1,643.6 million (US$239.1 million), representing a 105.5% increase from the full year 2017. Net loss was RMB927.0 million (US$134.8 million), representing a 0.9% increase from the full year 2017. Net loss margin decreased to 47.0% from 94.7% in the full year 2017. New student enrollments were 526,014, representing a 35.6% increase from the full year 2017. [1] New student enrollments for a given period refers to the total number of orders placed by students that newly enroll in at least one course during that period (including those students that enroll and then terminate their enrollment with the Company). Mr. Tongbo Liu, Chief Executive Officer of Sunlands, said, "2018 marked a year of strategic positioning and advancements for our Company. We completed our IPO, launched our AI-powered personalized study program, and broadened our graduate and post-graduate program offerings. We ended the year at the top end of our fourth quarter revenue guidance and narrowed our net loss margin. "In 2018, we started to explore innovative ways to attract more students to our online learning platform. One of our biggest achievements was initiating free trials. By offering potential students our upgraded free trials withintroductory seminars and free short-courses, we believe we can increase average gross billings, conversion rates and sales efficiency over the longer-term. "Our mission is to transform education with technology and innovation to make learning experiences enjoyable and rewarding. In line with these ideals, in 2018, we also began pursuing more user-friendly marketing tactics to introduce potential students not only to Sunlands' online STE platform, but to a broader range of our best-in-class programs. As we strengthen our brand awareness, we are capable of reaching a larger pool of prospective students who may benefit from our courses. In 2019, we will be focused on attracting more students to our platform by expanding our free trials with even more course offerings. We believe these initiatives will help develop online learning habits for more students, transferring them from offline to online, and enhance a stronger brand for Sunlands over the longer-term. "As a pioneer in the massive and evolving online post-secondary and professional education market, we are dedicated to providing a comprehensive online continuing education ecosystem, powered by our proprietary software that is tailored to each student's learning patterns. In 2019, we will look to further expand our business and gain market share. Empowered by our one-to-many live streaming model, we plan to broaden our course offerings to serve a larger student base and leverage our premier AI-technology and industry leading online education platform to create additional value for our students, teachers, partners and investors," Mr. Liu concluded. Mr. Steven Yipeng Li, Chief Financial Officer of Sunlands, said, "The continuous growth in the number of students[2] drove our growth in the fourth quarter, with our net revenues and gross profit increasing by 65.0% and 84.8%, respectively, year-over-year. Expanding our free trials with introductory seminars enabled us to enhance our sales productivity and efficiency, and our net loss margin decreased to 32.3% during the quarter from 124.1% in the fourth quarter of 2017. We plan to further invest in our growth by continuing to acquire and engineer best-in-breed content for our platform that supports our student acquisition efforts and maintains our leadership in the online post-secondary and professional education market." [2] Number of students for a given period refers to the total number of orders placed by students which remain in their respective service periods. Financial Results for the Fourth Quarter of 2018 Net Revenues In the fourth quarter of 2018, net revenues increased by 65.0% to RMB568.8 million (US$82.7 million) from RMB344.7 million in the fourth quarter of 2017. The increase was mainly driven by the growth in the number of students in the fourth quarter of 2018 compared to the fourth quarter of 2017, following new student enrollments continuous increase over the past years. Cost of Revenues Cost of revenues decreased by 1.1% from RMB79.4 million in the fourth quarter of 2017 to RMB78.5 million (US$11.4 million) in the fourth quarter of 2018. Gross Profit Gross profit increased by 84.8% to RMB490.3 million (US$71.3 million) from RMB265.3 million in the fourth quarter of 2017. Operating Expenses In the fourth quarter of 2018, operating expenses were RMB699.7 million (US$101.8 million), representing a 0.2% increase from RMB698.0 million in the fourth quarter of 2017. Sales and marketing expenses increased by 2.5% to RMB530.1 million (US$77.1 million) in the fourth quarter of 2018 from RMB517.3 million in the fourth quarter of 2017. The increase was mainly due to increases in spending on branding and marketing activities, including investments in broadening Sunlands' search engine and mobile application channels. General and administrative expenses decreased by 15.5% to RMB142.6 million (US$20.7 million) in the fourth quarter of 2018 from RMB168.7 million in the fourth quarter of 2017. The decrease was mainly due to significant share-based compensation expenses recognized in the fourth quarter of 2017. Product development expenses increased by 125.6% to RMB27.0 million (US$3.9 million) in the fourth quarter of 2018 from RMB11.9 million in the fourth quarter of 2017. The increase was primarily due to an increase in the number of employees and compensation paid to Sunlands' course and educational content professionals and technology development personnel during the quarter. Net Loss Net loss for the fourth quarter of 2018 was RMB183.7 million (US$26.7 million), compared with RMB427.8 million in the fourth quarter of 2017. Basic and Diluted Net Loss Per Share Basic and diluted net loss per share was RMB26.68 (US$3.88) in the fourth quarter of 2018. Cash and Cash Equivalents and Short-term Investments As of December 31, 2018, the Company had RMB1,248.8 million (US$181.6 million) of cash and cash equivalents and RMB1,028.6 million (US$149.6 million) of short-term investments, respectively, compared to RMB559.5 million of cash and cash equivalents and RMB353.1 million of short-term investments, respectively, as of December 31, 2017. Deferred Revenue As of December 31, 2018, the Company had deferred revenue balance of RMB3,286.0 million (US$477.9 million). Capital Expenditures Capital expenditures were incurred primarily in connection with purchases of buildings and IT infrastructure equipment necessary to support Sunlands' operations. Capital expenditures were RMB263.1 million (US$38.3 million) in the fourth quarter of 2018, compared to RMB307.2 million in the fourth quarter of 2017. Financial Results for the Year of 2018 Net Revenues For the year of 2018, net revenues increased by 103.5% to RMB1,974.0 million (US$287.1 million) from RMB970.2 million in the year of 2017. The increase was mainly driven by the growth in the number of students in the year of 2018 compared to 2017, following new student enrollments continuous increase over the past years. Cost of Revenues Cost of revenues increased by 94.0% from RMB170.3 million in the year of 2017 to RMB330.4 million (US$48.1 million) in the year of 2018. The increase was primarily due to the increase in compensation for our faculty members, which mainly included teachers and mentors, as we continued to retain our existing faculty members and attract new faculty members. Gross Profit Gross profit increased by 105.5% to RMB1,643.6 million (US$239.1 million) from RMB799.9 million in the year of 2017. Operating Expenses For the year of 2018, operating expenses were RMB2,672.5 million (US$388.7 million), representing a 54.7% increase from RMB1,727.6 million in the year of 2017. Sales and marketing expenses increased by 59.3% to RMB2,152.8 million (US$313.1 million) from RMB1,351.8 million in the year of 2017. The increase was mainly due to increases in (i) our sales and marketing compensation; and (ii) spending on branding and marketing activities, including investments in broadening our search engine and mobile application channels. General and administrative expenses increased by 29.4% to RMB443.7 million (US$64.5 million) from RMB342.9 million in the year of 2017. Product development expenses increased by 131.3% to RMB76.0 million (US$11.1 million) from RMB32.9 million in the year of 2017.The increase was primarily due to an increase in compensation for our course and educational content professionals and technology development personnel during the quarter. Net Loss Net loss for the year of 2018 was RMB927.0 million (US$134.8 million), compared with RMB918.7 million in the year of 2017. Basic and Diluted Net Loss Per Share Basic and diluted net loss per share was RMB147.27 (US$21.42) in the year of 2018.    Capital Expenditures Capital expenditures were incurred primarily in connection with purchases of buildings and IT infrastructure equipment necessary to support Sunlands' operations. Capital expenditures were RMB518.4 million (US$75.4  million) and RMB398.9 million for the years ended  December 31, 2018 and 2017, respectively.  Outlook For the first quarter of 2019, Sunlands currently expects net revenues to be between RMB550.0 million to RMB570.0 million, which would represent an increase of 35.3% to 40.3% year-over-year. The above outlook is based on the current market conditions and reflects the Company's current and preliminary estimates of market and operating conditions and customer demand, which are all subject to substantial uncertainty. Exchange Rate The Company's business is primarily conducted in China and all of the revenues are denominated in Renminbi ("RMB"). This announcement contains currency conversions of RMB amounts into U.S. dollars ("US$") solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ are made at a rate of RMB6.8755 to US$1.00, the effective noon buying rate for December 28, 2018 as set forth in the H.10 statistical release of the Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 28, 2018, or at any other rate. Conference Call and Webcast Sunlands' management team will host a conference call at 7:30 AM U.S. Eastern Time, (7:30 PM Beijing/Hong Kong time) on March 22, 2019, following the quarterly results announcement. The dial-in details for the live conference call are: International: +1-412-902-4272 US toll free:  +1-888-346-8982 Canada toll free: +1-855-669-9657 Mainland China toll free:  400-120-1203 Hong Kong toll free: 800-905-945 Hong Kong: +852-3018-4992 Please dial in 10 minutes before the call is scheduled to begin. When prompted, ask to be connected to the call for "Sunlands Technology Group." Participants will be required to state their name and company upon entering the call. A live webcast and archive of the conference call will be available on the Investor Relations section of Sunlands' website at http://www.sunlands.investorroom.com/ A replay of the conference call will be available 1 hour after the end of the conference call until March 29, 2019. International:  +1-412-317-0088 US toll free: +1-877-344-7529 Canada toll free: 855-669-9658 Replay access code: 10129493 About Sunlands Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), formerly known as Sunlands Online Education Group, is the leader in China's online post-secondary and professional education in terms of gross billings in 2017, according to iResearch. With a one-to-many, live streaming platform, Sunlands offers various degree and diploma-oriented post-secondary courses as well as online professional courses and educational content, to help students prepare for professional certification exams and attain professional skills. Students can access its services either through PC or mobile applications. The Company's online platform cultivates a personalized, interactive learning environment by featuring a virtual learning community and a vast library of educational content offerings that adapt to the learning habits of its students. Sunlands offers a unique approach to education research and development that organizes subject content into Learning Outcome Trees, the Company's proprietary knowledge management system. Sunlands has a deep understanding of the educational needs of its prospective students and offers solutions that help them achieve their goals. About Non-GAAP Financial Measures We use gross billings and EBITDA, each a non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. We define gross billings for a specific period as the total amount of cash received for the sale of course packages, net of the total amount of refunds paid in such period. Our management uses gross billings as a performance measurement because we generally bill our students for the entire course tuition at the time of sale of our course packages and recognize revenue proportionally over a period. EBITDA is defined as net loss excluding depreciation and amortization, interest expense, interest income, and income tax expenses. We believe that gross billings and EBITDA provide valuable insight into the sales of our course packages and the performance of our business. These non-GAAP financial measures should not be considered in isolation from, or as a substitute for, their most directly comparable financial measure prepared in accordance with GAAP. A reconciliation of the historical non-GAAP financial measures to their respective most directly comparable GAAP measure has been provided in the tables included below. Investors are encouraged to review the reconciliation of the historical non-GAAP financial measures to their respective most directly comparable GAAP financial measures. As gross billings and EBITDA have material limitations as an analytical metric and may not be calculated in the same manner by all companies, it may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider gross billings and EBITDA as a substitute for, or superior to, their respective most directly comparable financial measures prepared in accordance with GAAP. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure. Safe Harbor Statement This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and 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," "confident" and similar statements. Sunlands may also make written or oral forward-looking statements in its reports filed with or furnished 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. Any statements that are not historical facts, including statements about Sunlands' 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: Sunlands' goals and strategies; its expectations regarding demand for and market acceptance of its brand and services; its ability to retain and increase student enrollments; its ability to offer new courses and educational content; its ability to improve teaching quality and students' learning results; its ability to improve sales and marketing efficiency and effectiveness; its ability to engage, train and retain new faculty members; its future business development, results of operations and financial condition; its ability to maintain and improve technology infrastructure necessary to operate its business; competition in the online education industry in China; relevant government policies and regulations relating to Sunlands' corporate structure, business and industry; and general economic and business condition in China Further information regarding these and other risks, uncertainties or factors is included in the Sunlands' filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Sunlands does not undertake any obligation to update such information, except as required under applicable law. For investor and media enquiries, please contact: Yingying LiuIR DirectorTel: +86 182 5691 2232Email: ir@sunlands.com   The Piacente Group, Inc.  Brandi PiacenteTel: +1-212-481-2050Email: sunlands@tpg-ir.com Ross WarnerTel: +86-10-5730-6201Email: sunlands@tpg-ir.com   UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except for share and per share data, or otherwise noted) As of December 31, As of December 31, 2017 2018 RMB RMB US$ ASSETS Current assets      Cash and cash equivalents 559,459 1,248,810 181,632      Short-term investments 353,070 1,028,564 149,598      Prepaid expenses and other current assets 48,993 124,908 18,169      Amounts due from related parties 250,096 - -      Deferred costs, current 55,073 180,657 26,275 Total current assets 1,266,691 2,582,939 375,674 Non-current assets      Property and equipment, net 525,288 559,511 81,377      Intangible assets, net 1,552 1,369 199      Deferred costs, non-current 43,187 146,610 21,324      Long-term investments 3,300 30,009 4,365      Other non-current assets 129,641 418,700 60,897 Total non-current assets 702,968 1,156,199 168,162 TOTAL ASSETS 1,969,659 3,739,138 543,836 LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' DEFICIT LIABILITIES Current liabilities     Accrued expenses and other current liabilities (including accrued expenses         and other current liabilities of the consolidated VIEs without recourse to         Sunlands Technology Group of RMB223,298 and RMB241,204 as of         December 31, 2017 and December 31, 2018, respectively) 235,900 455,284 66,218     Deferred revenue, current (including deferred revenue, current of the consolidated VIEs         without recourse to Sunlands Technology Group of RMB1,325,954 and         RMB1,765,085 as of December 31, 2017 and December 31, 2018, respectively) 1,325,954 1,765,085 256,721     Payables to acquire buildings (including payables to acquire buildings of the         consolidated VIEs without recourse to Sunlands Technology Group of RMB180,390         and nil as of December 31, 2017 and December 31, 2018, respectively) 240,390 61,540 8,951     Long-term debt, current (including long-term debt, current of the consolidated VIEs         without recourse to Sunlands Technology Group of RMB nil as of December          31, 2017 and December 31, 2018) - 32,500 4,727 Total current liabilities 1,802,244 2,314,409 336,617   UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS-continued (Amounts in thousands, except for share and per share data, or otherwise noted) As of December 31, As of December 31, 2017 2018 RMB RMB US$ Non-current liabilities     Deferred revenue, non-current (including deferred revenue, non-current of the consolidated VIEs without recourse to Sunlands Technology Group of          RMB784,474 and RMB1,520,940 as of December 31, 2017 and December 31,         2018, respectively)       784,474 1,520,940 221,212 Other non-current liabilities (including other non-current liabilities of the consolidated           VIEs without recourse to Sunlands Technology Group of nil and RMB135 as of           December 31, 2017 and December 31, 2018, respectively) - 17,147 2,494 Long-term debt, non-current (including long-term debt, non-current of the consolidated           VIEs without recourse to Sunlands Technology Group of RMB nil as of            December 31, 2017 and December 31, 2018) - 225,625 32,816 Total non-current liabilities 784,474 1,763,712 256,522 TOTAL LIABILITIES 2,586,718 4,078,121 593,139 MEZZANINE EQUITY      Series A convertible redeemable preferred shares 292,000 - -      Series B convertible redeemable preferred shares 601,605 - -      Series B+ convertible redeemable preferred shares 131,104 - - TOTAL MEZZANINE EQUITY 1,024,709 - - SHAREHOLDERS' DEFICIT      Ordinary shares (par value of US$0.00005, 1,000,000,000 shares         authorized; 4,329,000 and nil shares issued and outstanding         as of December 31, 2017 and December 31, 2018, respectively) 1 - -     Class A ordinary shares (par value of US$0.00005, 796,062,195 shares authorized; nil and 1,818,383 shares issued as of December 31, 2017 and December 31, 2018, respectively; nil and 1,773,301 shares         outstanding as of  December 31, 2017 and December 31, 2018, respectively) - 1 -     Class B ordinary shares (par value of US$0.00005, 826,389 shares authorized; nil and 826,389 shares issued and outstanding as of December 31, 2017 and December 31, 2018, respectively) - - - Class C ordinary shares (par value of US$0.00005, 203,111,416 shares authorized; nil and 4,265,286 shares issued and outstanding     as of December 31, 2017 and December 31, 2018, respectively) - 1 -     Treasury stock - - -      Additional paid-in capital 289,674 2,391,822 347,876      Accumulated deficit (1,922,748) (2,849,770) (414,482)      Accumulated other comprehensive (loss)/income (8,759) 118,827 17,283 Total Sunlands Technology Group shareholders' deficit (1,641,832) (339,119) (49,323) Noncontrolling interest 64 136 20 TOTAL SHAREHOLDERS' DEFICIT (1,641,768) (338,983) (49,303) TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' DEFICIT 1,969,659 3,739,138 543,836   UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands, except for share and per share data, or otherwise noted) For the Three Months Ended December 31, 2017 2018 RMB RMB US$ Net revenues 344,657 568,799 82,728 Cost of revenues (79,376) (78,515) (11,420) Gross profit 265,281 490,284 71,308 Operating expenses      Sales and marketing expenses (517,330) (530,100) (77,100)      Product development expenses (11,948) (26,956) (3,921)      General and administrative expenses (168,732) (142,613) (20,742) Total operating expenses (698,010) (699,669) (101,763) Loss from operations (432,729) (209,385) (30,455) Interest income 6,753 23,421 3,409 Interest expense - (2,171) (316) Other income, net 170 1,179 171 Loss before income tax expenses (425,806) (186,956) (27,191) Income tax expenses - - - (Loss)/gain from equity method investments (1,993) 3,288 478 Net loss (427,799) (183,668) (26,713) Less: Net loss attributable to noncontrolling interest (78) (1) - Net loss attributable to Sunlands Technology Group (427,721) (183,667) (26,713) Net loss per share attributable to ordinary shareholders of  Sunlands Technology Group:      Basic and diluted (100.64) (26.68) (3.88) Weighted average shares used in calculating net loss     per ordinary share:      Basic and diluted 4,249,989 6,883,286 6,883,286   UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Amounts in thousands) For the Three Months Ended December 31, 2017 2018 RMB RMB US$ Net loss (427,799) (183,668) (26,713) Other comprehensive (loss)/income, net of tax effect of nil: Change in cumulative foreign currency translation adjustments (25,775) 1,820 265 Total comprehensive loss (453,574) (181,848) (26,448) Less: comprehensive loss attributable to noncontrolling   interest (78) (1) - Comprehensive loss attributable to Sunlands Technology Group (453,496) (181,847) (26,448)   SUNLANDS TECHNOLOGY GROUP RECONCILIATION OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES (Amounts in thousands) For the Three Months Ended December 31, 2017 2018 RMB RMB Net revenues 344,657 568,799 Less: other revenues (2,025) (697) Add: tax and surcharges 12,493 21,879 Add: ending deferred revenue 2,110,428 3,286,025 Less: beginning deferred revenue (1,659,084) (3,116,225) Gross billings (non-GAAP) 806,469 759,781 Net loss (427,799) (183,668) Add: income tax expenses - - depreciation and amortization 2,813 8,013 interest expense - 2,171 Less: interest income (6,753) (23,421) EBITDA (non-GAAP) (431,739) (196,905)   UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands, except for share and per share data, or otherwise noted) For the Years Ended December 31, 2017 2018 RMB RMB US$ Net revenues 970,162 1,973,985 287,104 Cost of revenues (170,261) (330,376) (48,051) Gross profit 799,901 1,643,609 239,053 Operating expenses      Sales and marketing expenses (1,351,811) (2,152,830) (313,116)      Product development expenses (32,862) (76,022) (11,057)      General and administrative expenses (342,906) (443,691) (64,532) Total operating expenses (1,727,579) (2,672,543) (388,705) Loss from operations (927,678) (1,028,934) (149,652) Interest income 13,578 70,355 10,232 Interest expense - (2,171) (316) Other income, net 276 32,090 4,667 Loss before income tax expenses (913,824) (928,660) (135,069) Income tax expenses - - - (Loss)/gain from equity method investments (4,890) 1,710 249 Net loss (918,714) (926,950) (134,820) Less: Net (loss)/income attributable to noncontrolling interest (136) 72 10 Net loss attributable to Sunlands Technology Group (918,578) (927,022) (134,830) Net loss per share attributable to ordinary shareholders of  Sunlands Technology Group:      Basic and diluted (232.80) (147.27) (21.42) Weighted average shares used in calculating net loss     per ordinary share:      Basic and diluted 3,945,864 6,294,870 6,294,870   UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Amounts in thousands) For the Years Ended December 31, 2017 2018 RMB RMB US$ Net loss (918,714) (926,950) (134,820) Other comprehensive (loss)/income, net of tax effect of nil: Change in cumulative foreign currency translation adjustments (8,759) 127,586 18,557 Total comprehensive loss (927,473) (799,364) (116,263) Less: comprehensive (loss)/income attributable to noncontrolling interest (136) 72 10 Comprehensive loss attributable to Sunlands Technology Group (927,337) (799,436) (116,273)   SUNLANDS TECHNOLOGY GROUP RECONCILIATION OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES (Amounts in thousands) For the Years Ended December 31, 2017 2018 RMB RMB Net revenues 970,162 1,973,985 Less: other revenues (5,978) (6,961) Add: tax and surcharges 34,712 71,779 Add: ending deferred revenue 2,110,428 3,286,025 Less: beginning deferred revenue (727,569) (2,110,428) Gross billings (non-GAAP) 2,381,755 3,214,400 Net loss (918,714) (926,950) Add: income tax expenses - - depreciation and amortization 8,109 25,778 interest expense - 2,171 Less: interest income (13,578) (70,355) EBITDA (non-GAAP) (924,183) (969,356)   View original content:http://www.prnewswire.com/news-releases/sunlands-technology-group-announces-unaudited-fourth-quarter-and-full-year-2018-financial-results-300816934.html
  • PJAM requested a meeting with the independent directors of SinoPac FHC (2890 TT) to explain its Ethical Management Committee's responsibility and performance
    - As well as its compensation structure and employment strategy - The meeting request was denied 10 days later by the Investor Relations Department of SinoPac FHC TAIPEI, Taiwan, March 22, 2019 /PRNewswire/ -- PJ Asset Management Company Limited ("PJAM") and its affiliates, currently own more than 5% of the outstanding shares of SinoPac Financial Holdings Company Limited ("SinoPac FHC" or "Company"), issued a meeting invitation to the independent directors of SinoPac FHC on March 11, 2019. The main purpose of the invitation is to hold a face-to-face meeting between PJAM's management team and three independent directors of SinoPac FHC, and to help PJAM understand the efforts of SinoPac FHC 's corporate governance reinforcement and independent directors' involvement in the implementation process. The meeting agendas include (1) SinoPac FHC's Ethical Management Committee's responsibility and performance; (2) SinoPac FHC and its subsidiaries' compensation structure; (3) SinoPac FHC and its subsidiaries' employment strategy and hiring policy. The original letter in Chinese can be found on PJAM's official website http://www.pjam.com.tw/. On Mar 20 2019, PJAM received the response letter from the Department of Investor Relations of SinoPac FHC, which has clearly rejected PJAM's meeting request. The letter, which is reproduced below, provided the Company's explanation of the refusal to PJAM. While SinoPac FHC emphasized its commitment to a better corporate governance, PJAM is disappointed with the result and shall continue to urge the Company's board to proactively participate in investor communication, rather than put Department of Investor Relations sole steward of shareholders' communication. The original letter in Chinese can be found on PJAM's official website http://www.pjam.com.tw/. Dear PJAM, The set-up of Department of Investor Relations within SinoPac FHC is to be responsible for investor communication and to ensure that all shareholders' suggestions, concerns and disputes can be dealt properly by the department. The aforementioned subjects including our Ethical Management Committee's responsibility and performance, the subsidiaries' employment strategy and hiring policy were put forth to our audit committee. The audit committee members in accordance with the Company's past practice will assign and delegate the Department of Investor Relations to take charge the matters and respond to your request in due course. Media contact: Pamela Wu+886-2-2791-6668 #712pamela.wu@pjam.com.tw View original content:http://www.prnewswire.com/news-releases/pjam-requested-a-meeting-with-the-independent-directors-of-sinopac-fhc-2890-tt-to-explain-its-ethical-management-committees-responsibility-and-performance-300816917.htmlRelated Links :http://www.pjam.com.tw/
  • Lear Invests in Israel-Based Maniv Mobility Venture Capital Fund
    SOUTHFIELD, Mich. and SHANGHAI, March 22, 2019 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has invested in an Israel-based venture capital fund managed by Maniv Mobility that is focused on advancing mobility technology. Lear Invests in Israel-Based Maniv Mobility Venture Capital Fund The investment, which is being made through Lear Innovation Ventures (LIV), enables future collaboration and deepens Lear's involvement in the mobility technology ecosystem. Maniv Mobility's portfolio and investing activities are largely focused on Israeli start-up companies in the connected, autonomous, ridesharing and mobility sectors, as well as on investments in the U.S. and other markets. "Maniv is recognized as one of the premier investment funds focusing on the key trends in the automotive market, which makes it a great opportunity for LIV," said John Absmeier, Lear's Chief Technology Officer. "This is an exciting time of transformation for the industry, and Israel is at the forefront of the flourishing auto tech sector. We look forward to this strategic partnership and the innovations that will come from both start-ups and established companies that are driving the future of mobility." The partnership is not Lear's first mobility investment in Israel. In 2017, Lear acquired EXO Technologies, an Israeli developer of high accuracy vehicle positioning technology designed to meet the demands of the industry and drive change through increased accuracy, reliability and functional safety for ADAS and Autonomous driving applications. About Lear Corporation Lear Corporation Lear is one of the world's leading suppliers of automotive seating systems and electrical systems (E-Systems). Lear serves every major automaker in the world, and Lear content can be found on more than 400 vehicle nameplates. Lear's world-class products are designed, engineered and manufactured by a diverse team of approximately 169,000 employees located in 39 countries. Lear currently ranks #148 on the Fortune 500. Lear's headquarters are in Southfield, Michigan. Further information about Lear is available at lear.com or follow us on Twitter @LearCorporation. Lear is where passion drives possibilities. About Maniv Mobility Maniv Mobility is a leading venture capital fund dedicated exclusively to a new mobility future. Investing in early-stage startups, Maniv seeks out ideas around automotive connectivity and data, autonomous vehicle technologies such as sensors and software, and novel business models. With deep connections throughout the global automotive industry, policy and technology communities, Maniv leverages its network to provide hands-on support to its growing portfolio. For more information, visit http://www.maniv.com Photo - https://photos.prnasia.com/prnh/20190315/2404664-1 Related Links :https://www.lear.com/