วัน: 28 สิงหาคม 2024

2024 Interim Financial Highlights and 2H24 Outlook of IGG Inc:- For the first half of 2024, the Group experienced a 9% year-on-year increase in revenue, reaching a total of HK$2.74 billion. This growth was primarily driven by the steady success of two highly-rated strategy games, “Doomsday: Last Survivors” and “Viking Rise”, as well as the strong performance of the APP Business “Doomsday: Last Survivors” and “Viking Rise” contributed approximately HK$500 million and HK$300 million respectively, while the APP Business generated HK$400 million in revenue for the Group. These contributions highlight the Group’s commitment to diversified growth and underscore the significant role played by these key revenue drivers.- “Lords Mobile”, IGG’s flagship title launched eight years ago, contributed HK$1.34 billion.- Following the Group’s successful turnaround from a loss to an annual net profit of HK$73 million in 2023, the Group experienced a significant increase in net profit, reaching HK$330 million in the first half of 2024. The Group’s core business exceeded HK$350 million in net profit, while the investment business recorded a slight loss of approximately HK$25 million due to fair-value changes of investees.- The Board of Directors declared an interim dividend of HK8.5 cents per ordinary share, representing approximately 30% of the net profit for the first half of 2024. The Group spent nearly HK$33 million on share buybacks in the first half. The dividend declared plus the amount spent to repurchase shares make up about 40% of the Group’s net profit for the first half of 2024.- Entering the second half of 2024, “Viking Rise” and the APP Business are expected to achieve new highs, with monthly gross billing at HK$80 million and HK$120 million respectively for the past two months. With consistent growth of the core game business and APP Business, the Group expects to maintain sustained profitability in the long term.HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - IGG Inc (“IGG” or the “Group”, stock code: 799.HK), a leading global developer and publisher of mobile games and applications, announces its unaudited consolidated interim results for the six months ended 30 June 2024.Having achieved a remarkable turnaround from a loss to a profit in 2023, the Group is now directing its efforts towards “Profit-driven Growth” in 2024. In terms of revenue, the Group experienced a 9% year-on-year increase, reaching HK$2.74 billion in the first half of 2024. This growth was primarily driven by the consistent contributions from the two highly rated strategy games, “Doomsday: Last Survivors” and “Viking Rise”, along with the outstanding performance of the APP Business. “Lords Mobile”, IGG’s flagship title launched eight years ago, contributed HK$1.34 billion in the first half of 2024. During the period, “Doomsday: Last Survivors” and “Viking Rise” generated approximately HK$500 million and HK$300 million, respectively, replacing “Lords Mobile” to become the new growth drivers. Following its restructuring at the beginning of 2024, the APP Business swiftly regained momentum and achieved record-breaking revenue of HK$400 million in the first half of 2024, accounting for 15% of the Group’s total revenue, and establishing itself as a diversified growth catalyst. During the period, revenue from Asia, Europe and North America accounted for 41%, 34% and 21%, respectively, of the Group’s total revenue.With the contribution of the aforementioned businesses, continuous resource optimization, and extensive utilization of AI technology, the Group achieved a net profit of HK$330 million in the first half of 2024. The Group’s core business exceeded HK$350 million in net profit, while the investment business recorded a slight loss of approximately HK$25 million due to fair-value changes of investees. As at 30 June 2024, the Group’s mobile games were available in 23 different languages worldwide, with approximately 1.45 billion gamers in total and 17 million monthly active users (“MAU”) across more than 200 countries and regions.“Viking Rise”, the Group’s first Viking-themed strategy game, received widespread acclaim when it was launched in late 2022. Throughout the first half of 2024, the Group continued to enhance the game’s content, introducing a variety of in-game features including social play, instances, and guild battles. In a marketing campaign, the Group partnered with Hafþor Julius Björnsson, the “World’s Strongest Man” and renowned actor from the classic American TV show, to be the forefront authority for the new Valhalla Drill game mode. Additionally, the collaboration between the game and the popular TV show “Vikings” from MGM Television and its spinoff series “Vikings: Valhalla” was very well received by the game’s 30 million players. With recent marketing initiatives, the game is projected to achieve a new record in August, with monthly gross billing expected to reach HK$80 million.Expanding on the initial version of “Doomsday: Last Survivors”, the group introduced an exciting blend of MOBA (Multiplayer Online Battle Arena) and Battle Royale features to its strategy gameplay. To further enhance the experience, the Group has unveiled “Genesis War”, a thrilling large-scale guild battle that adds a new dimension to the game, propelling the average monthly gross billing to HK$86 million. The Group worked with the renowned fighting game, “THE KING OF FIGHTERS ’97”, and held the first International Offline SLG Championship for “Doomsday: Last Survivors” and “Lords Mobile”. This groundbreaking tournament is a first for the games industry.“Lords Mobile”, IGG’s innovative blockbuster title, is the Group’s first cross-platform, multi-language, real-time game designed for global gamers. Launched in 2016, the game has garnered widespread acclaim from gamers, and is recognized for its longevity[1] and ability to generate stable revenue for the Group. As at 30 June 2024, it has amassed 710 million registered users worldwide and has 9.5 million MAU. The Group unveiled an exciting array of new marketing initiatives, including the much-anticipated “Guild Expedition” feature and collaborations with esteemed partners such as iconic Italian sports car manufacturer “PAGANI”, blockbuster movies like “Shrek” and “Godzilla x Kong: The New Empire”, and the fighting game “THE KING OF FIGHTERS XV”, to offer players a refreshing gaming experience.Following a strategic restructuring in early 2024, the APP Business swiftly regained its stride and achieved remarkable milestones in gross billing and user acquisitions. During the period, the APP Business experienced a surge in monthly gross billing to an impressive HK$100 million, contributing a substantial HK$400 million in revenue for the period, accounting for 15% of the Group’s total revenue. It solidified the APP Business as a pivotal catalyst for diversified growth within the Group. As at 30 June 2024, it has over 41 million MAU. The Group’s commitment to promoting and diversifying its product portfolio, leveraging its platform-based business model, led the APP Business to achieve a monthly gross billing of HK$120 million in July.Through a combination of share repurchases and dividend payouts, the Group consistently returns value to its shareholders. During the period, the Group repurchased close to 10 million shares for a consideration of nearly HK$33 million, representing approximately 10% of interim profit. The Board of Directors declared an interim dividend of HK8.5 cents per ordinary share, representing approximately 30% of interim profit. The dividend declared plus the amount spent to repurchase shares make up about 40% of the Group’s net profit for the first half of 2024.By adhering to its long-term operational strategy, the Group will drive steady growth in both its core game business and the APP Business. Additionally, the Group will continue to adopt Artificial Intelligence Generated Content (“AIGC”) technology to optimize costs and enhance profitability. Increased marketing initiatives for “Viking Rise” and the continued growth of the APP Business are fuelling the Group’s upward trajectory and positioning it for sustained profitability in the long run. Embracing the corporate spirit of “Innovators at Work, Gamers at Heart”, the Group will continue to strengthen its global R&D and operation capabilities, to relentlessly pursue its strategy of quality, innovation, and excellence in creating innovative yet timeless games.[1] APP Business: the Group’s mobile applications[2] Source: Sensor Tower, a third-party analytics platform– END –About IGG IncEstablished in 2006, IGG Inc is a leading global mobile games and applications developer and operator with headquarters in Singapore and local offices in the United States, China, Canada, Japan, South Korea, Thailand, the Philippines, Indonesia, Brazil, Türkiye, Italy and Spain. IGG offers multi-language and multifarious games to users around the world. The Group has established long-term partnerships with over 100 business partners, including global platforms, advertising channels, and vendors such as Apple, Google and Meta. IGG’s most popular games include “Lords Mobile”, “Doomsday: Last Survivors”, “Viking Rise”, “Castle Clash”, and “Time Princess”. Copyright 2024 ACN Newswire via SeaPRwire.com.

-  Some 40 leaders of business and academia explored Hong Kong-Jiangsu collaboration in finance, I&T, sustainable development, culture and creativity-  Exhibition showcased Hong Kong’s professional services, creative designs and I&T projects. Some 400 business matching meetings were facilitated-  Some 30 Hong Kong pitched to Jiangsu investors, while 60+ Hong Kong exhibitors highlighted their diversified services and advanced scientific researchHONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Department of Commerce of Jiangsu Province as well as Hong Kong and Macao Affairs Office of Jiangsu Provincial People’s Government, concluded in Nanjing today.Centred around innovative collaboration for high-quality development, some 40 leaders of business and academia explored Hong Kong-Jiangsu collaboration in the areas of financial services, innovation and technology (I&T), sustainable development, culture and creativity.The opening ceremony was officiated by Hong Kong Special Administrative Region (HKSAR) Government Financial Secretary Paul Chan, Jiangsu Provincial People’s Government Vice Governor Fang Wei and HKTDC Chairman Dr Peter K N Lam.In his welcome remarks, Dr Lam said Jiangsu’s development positioning of one centre, one base, one hub and Hong Kong’s eight centres lay the foundation for the two places’ complementary growth. Jiangsu enterprises are encouraged to leverage Hong Kong’s professional services for business transformation and international expansion.“The HKTDC has proactively facilitated business and trade collaboration between Jiangsu and Hong Kong, in particular through the Jiangsu-Hong Kong Cooperation Joint Meeting. We have strengthened trade-related cooperation in the areas of manufacturing and supply chains, modern service industries and two-way investment. Our collaboration has now been extended to the areas of I&T, green development, culture and talent exchange. At this year’s SmartHK, we discussed finance, I&T, sustainable development, culture and creativity to showcase Hong Kong’s strengths. By focusing on I&T project matching, we’ve explored new modes of bilateral collaboration.”Mr Paul Chan said in his opening remarks: “Jiangsu and Hong Kong have a long history of cooperation, given strong bilateral economic and trade ties and frequent cultural exchanges. Many Hong Kong entrepreneurs invest and start businesses in Jiangsu. As of last year, they have invested in more than 35,000 projects. Nearly 2,300 Jiangsu businesses have set up in Hong Kong, while more than 100 Jiangsu companies are listed in our city, with a market value of more than HK$660 billion. The trade volume between Jiangsu and Hong Kong exceeded CNY85 billion in 2023, a nearly 35% increase year-on-year. Over the years, cooperation between Jiangsu and Hong Kong in finance, innovation and technology, education, culture and youth exchange, among others, has continued to deepen.”Mr Fang Wei said: “Technological innovation is key to driving high-quality development. Jiangsu’s market and industrial advantages and Hong Kong’s scientific research and financial advantages can accelerate the pace of innovation across industries and enable China to be self-reliant in the area of science and technology. As super connector, Hong Kong can link Jiangsu with global markets. Leveraging our respective strengths, we look forward to deepening our cooperation in trade and investment, work together to explore Belt and Road markets, among others, and accelerate national development.”Henry Tang, Chairman of The West Kowloon Cultural District Authority Board; Nancy Ip, President of The Hong Kong University of Science and Technology (HKUST); Gilbert Lee, Head of Strategy & Planning and Chief of Staff to the Chief Executive of Hang Seng Bank Limited, Non-executive Director of Hang Seng Bank (China) Limited, and Chairman of Hang Seng Indexes Company Limited; Roger Chen, Managing Director of China of CLP Holdings Limited; and Chen Shu, President of Jiangsu Soho Holdings Group, discussed the roadmap for Hong Kong-Jiangsu development. They shared their insights about the cultural industry, I&T, cross-border green finance, sustainable energy and success stories from previous collaborations between Hong Kong and Jiangsu.The HKTDC joined hands with InvestHK, HKSAR Innovation and Technology Commission, the Federation of Jiangsu Community Organisations, Jiangsu Development and Reform Commission, Jiangsu Provincial Department of Science and Technology,  Industry and Information Technology Department of Jiangsu, Department of Ecology and Environment of Jiangsu Province, Jiangsu Provincial Department of Culture and Tourism, Jiangsu Provincial Financial Regulatory Administration, Jiangsu Federation of Industry and Commerce, Jiangsu Youth Federation as well as Jiangsu Sub-council of China Council for the Promotion of International Trade to host four thematic sessions. Industry experts discussed business opportunities in financial services, I&T, sustainable development, culture and creativity.Green development was a key topic for this year’s SmartHK. The “Green and Sustainable Development” thematic session, exclusively sponsored by Hang Seng Bank Limited, SmartHK’s Diamond Sponsor and Cross-Boundary Green Finance Partner, focused on exploring the green and sustainability development needs and cooperation opportunities between Hong Kong and Jiangsu.Ryan Song, Vice-Chairman and Chief Executive of Hang Seng Bank (China) Limited, delivered opening remarks for the session. Dr. Shelley Zhou, Head of Corporate Sustainability of Hang Seng Bank Limited, delivered a keynote speech titled on market trends and international standards of green finance and sustainable development”.Chan Pui-cheong, CEO of the Hong Kong Quality Assurance Agency; Arthur Lam, Co-Founder and CEO of Negawatt Utility Limited; Angus Wong, Managing Director for Wholesale Client Coverage of Hang Seng Bank Limited; Christopher Lau, Executive Director of Gold Peak Technology Group Limited; and Liu Changliang, Director of Sustainability of the Nanjing Iron and Steel Company Limited, discussed  other topics including “Green and Development Certification Services and the Importance of ESG Information Disclosure in the International Market”; “Achieving Carbon Neutrality with the Help of Green Technologies”; “Business Expansion with the Help of Sustainable Financing”; “Green Transformation of Hong Kong Manufacturing Industry” and “Jiangsu Enterprises’ Green Finance and Green Businesses’ Needs”. The panel speakers also explored Hong Kong-Jiangsu cooperation opportunities in green finance and sustainable development.Some 30 start-ups from HKUST, The Hong Kong Polytechnic University, The Chinese University of Hong Kong and InnoClub, co-created by the HKTDC and Hang Seng Bank Limited, took part in a Smart+ pitching session to present their latest innovative solutions to Jiangsu investors and partners.To foster collaboration opportunities, a hallmark of HKTDC events, some 400 business matching meetings were facilitated to connect Jiangsu and Hong Kong companies.An exhibition of over 60 enterprises and start-ups showcased Hong Kong’s latest I&T products and services.WebsitesSmartHK: https://smarthk.hktdc.com/Photo download: https://bit.ly/3AER6D5SmartHK was held in Nanjing on 28 August.Jiangsu Provincial People’s Government Vice Governor Fang Wei (front, fourth from the right) and HKTDC Executive Director Margaret Fong (front, fourth from the left) attended the 12th Jiangsu-Hong Kong Cooperation Joint Meeting.Hong Kong SAR Government Financial Secretary Paul Chan (front, sixth from the left), Jiangsu Provincial People’s Government Vice Governor Fang Wei (front, seventh from the left), HKTDC Chairman Dr Peter K N Lam (front, fifth from the left), and HKTDC Executive Director Margaret Fong (front, fourth from the left) attended SmartHK.Hong Kong SAR Government Financial Secretary Paul ChanHKTDC Chairman Dr Peter K N LamJiangsu Provincial People’s Government Vice Governor Fang WeiChairman of The West Kowloon Cultural District Authority Board Henry Tang discussed cooperation opportunities between Jiangsu and Hong Kong in the areas of culture and creativity.(Starting second from left) Nancy Ip, President of The Hong Kong University of Science and Technology; Gilbert Lee, Head of Strategy & Planning and Chief of Staff to the Chief Executive of Hang Seng Bank Limited, Non-executive Director of Hang Seng Bank (China) Limited, and Chairman of Hang Seng Indexes Company Limited; Roger Chen, Managing Director of China of CLP Holdings Limited; and Chen Shu, President of Jiangsu Soho Holdings Group, discussed the roadmap for Hong Kong-Jiangsu development.The Green and Sustainable Development thematic session was exclusively sponsored by Hang Seng Bank Limited, SmartHK’s Diamond Sponsor and Cross-boundary Green Finance Partner, focusing on green and sustainable development needs of and cooperation opportunities between Hong Kong and Jiangsu.Some 30 start-ups from The Hong Kong University of Science and Technology, The Hong Kong Polytechnic University, The Chinese University of Hong Kong and InnoClub, co-created by the HKTDC and Hang Seng Bank Limited, took part in a pitching session to present their latest innovative solutions to Jiangsu investors.Media enquiriesPlease contact:Xinhua Daily (PR agency)Li JiaweiTel: (86) 15995295632Email: 1360342750@qq.comYu YanTel: (86) 13584019845Email: 422791094@qq.comThe HKTDC’s Communications & Public Affairs Department (Headquarters, Hong Kong):Jane CheungTel: (852) 2584 4137Email: jane.mh.cheung@hktdc.orgSam HoTel: (852) 2584 4537Email: sam.sy.ho@hktdc.orgThe HKTDC’s Communications & Public Affairs Department (Shanghai):Sun PingTel: (86) 21-63528488       Email: p.sun@hktdc.orgMedia Room: http://mediaroom.hktdc.comAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.  Copyright 2024 ACN Newswire via SeaPRwire.com.

-  The 9th Belt and Road Summit, co-organised by the HKSAR Government and the HKTDC, will return on 11 and 12 September (Wednesday to Thursday)-  This year marks the 75th anniversary of the founding of the People’s Republic of China. As part of celebration activities, the Summit is themed Building a Connected, Innovative and Green Belt and Road. It will gather over 80 key officials and business leaders from Belt and Road countries and regions to explore cooperation opportunities-  A brand-new Green Chapter is added this year, aligning with the Summit theme to feature a variety of thematic sessions on green development and innovationHONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - The Belt and Road Summit, co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and Hong  Kong Trade Development Council (HKTDC), will take place on 11 and 12 September.Themed Building a Connected, Innovative and Green Belt and Road, the Summit will bring together over 80 key officials and business leaders from Belt and Road countries and regions, they will be engaged in discussions on leveraging Hong Kong's unique advantages to jointly explore Belt and Road markets and uncover cooperation opportunities.The Summit is a key platform for Hong Kong to promote the Belt and Road Initiative (BRI), closely aligned with the eight major steps announced by President Xi Jinping last year to support high-quality Belt and Road cooperation.The Opening Session will feature welcome remarks by Dr Peter K N Lam, Chairman of the HKTDC and opening remarks by John Lee, Chief Executive of the HKSAR. Nurlan Baibazarov, Deputy Prime Minister and Minister of National Economy of Kazakhstan, will give a keynote address.Algernon Yau, Secretary for Commerce and Economic Development of the HKSAR Government, said: "As our country's Belt and Road Initiative enters its next golden decade and the Third Plenary Session of the 20th Central Committee of the Communist Party of China has proposed improving the mechanism for high-quality Belt and Road cooperation, Hong Kong, with the solid support of the nation, will continue to capitalise on our unique advantages under one country, two systems to play a more active role by leveraging its strengths as a two-way global investment and trade hub, a hub for technological innovation and green development and an international cultural exchange centre. The Belt and Road Summit will deepen international business cooperation and consolidate Hong Kong's position as the preferred business platform for the Belt and Road Initiative, fully demonstrating Hong Kong's important functions and positioning in global finance, business cooperation, people-to-people exchanges, innovation and technology development, guiding enterprises to explore new business opportunities."Dr Peter K N Lam, Chairman of the HKTDC, said: "With the support of its global network of 50 offices, the HKTDC organises business delegations and outreach activities to Belt and Road countries and regions, promoting tripartite cooperation among Mainland Chinese and Hong Kong professional service providers, investors and Belt and Road project owners. The HKTDC also enables businesses to leverage their own strengths to help Hong Kong play the role of superconnector, linking China with the world. We will continue to seize the opportunities at this year's Belt and Road Summit to strengthen connections with ASEAN and Belt and Road countries. We will also set up new consultant offices in Dhaka of Bangladesh and Phnom Penh of Cambodia, further expanding our network along the Belt and Road."Seizing opportunities and deepening networks in emerging marketsThe ASEAN region is Hong Kong's second-largest trading partner and the world's fifth-largest economy. Last year, the bilateral trade value reached US$144.6 billion, accounting for nearly 13% of Hong Kong's total foreign trade. The development potential is enormous. Last month, John Lee, Chief Executive of the HKSAR, led a HKTDC delegation to Laos, Cambodia, and Vietnam, the three ASEAN countries. The visit was highly fruitful, with 55 cooperation MoUs signed, further expanding Hong Kong's network in the region. Seven of these MoUs were signed between the HKTDC and relevant chambers of commerce, governments, and organisations in the three countries, further strengthening Hong Kong's ties with the regions for future Belt and Road development.Following the recent fruitful ASEAN mission to Laos, Cambodia and Vietnam led by Mr Lee, the Summit will focus on ASEAN and emerging markets in the Policy Dialogue and Business Plenary on day one, with the participation of ministerial-level officials and business heavyweights. The second day's Business Plenary will cover the Middle East and adjacent regions.In May this year, a Mainland-Hong Kong business delegation led by the Department of Taiwan, Hong Kong and Macao Affairs of the Ministry of Commerce of the People's Republic of China and the Belt and Road Office of the Commerce and Economic Development Bureau of the HKSAR Government, co-organised by the HKTDC and the China International Contractors Association, visited Hungary and Kazakhstan to explore Belt and Road business opportunities. Senior officials and business leaders from these two countries will attend the Summit, to strengthen their ties with Hong Kong. Among the speakers, Nurlan Baibazarov, Deputy Prime Minister and Minister of National Economy of Kazakhstan, will deliver a keynote address, while Peter Fekete, Group CEO of 4iG, will participate in the second day's Business Plenary.Debut Green Chapter to showcase Hong Kong advantages in greentech and financeHong Kong's green finance development has been thriving, with the scale of green financing continuing to expand. In 2023, the total amount of green and sustainable debt issued in Hong Kong surpassed US$50 billion. Among this, the total amount of green and sustainable bonds arranged for issuance in Hong Kong ranked first in the Asian market, accounting for 37% of the total. This has attracted a wealth of green capital and financial products, giving Hong Kong a significant advantage in developing into an international green technology and finance centre. Additionally, the Clean Air Plan for Hong Kong 2035 covered six major areas – green transport, liveable environment, comprehensive emissions reduction, clean energy, scientific management, and regional collaboration – reflecting Hong Kong's determination to proactively address the challenges of climate change.In view of the growing global focus on green development and the tremendous strides Hong Kong continues to make in that regard, the Summit will debut the Green Chapter, featuring thematic sessions on green construction, innovation, finance and more, enabling participants to explore how to leverage the Hong Kong platform to make their business greener. The co-organising institutions include the China International Contractors Association, HSBC and HKMA Infrastructure Financing Facilitation Office.As the BRI continues to drive regional development, the Business Plenary on the first day of the Summit, themed Capturing Belt and Road Business Opportunities, will explore promising prospects from rapidly rising ASEAN, building on concrete achievements in the past years. The focus will be on Hong Kong’s role in facilitating multilateral business cooperation as well as the strategies global enterprises are adopting under the latest global landscape.The session will be moderated by K C Chan, Chairman of WeLab Bank. Speakers will include Clara Chan, CEO of Lee Kee Group; Dato’ Seri Cheah Cheng Hye, Co-Chairman and Co-Chief Investment Officer of Value Partners Group; Ding Yanzhang, Chairman of Power Construction Corporation of China; and Shinta Widjaja Kamdani, CEO of Sintesa Group.The Business Plenary on the second day will be themed Tapping the Markets of New Opportunities. The session will be moderated by Ronnie C. Chan, Honorary Chair of Hang Lung Properties Limited. H.E. Mohamed Abduljabbar Alkoheji, Second Vice Chairman of the Bahrain Chamber of Commerce & Industry; Bonnie Y Chan, CEO of Hong Kong Exchanges and Clearing Limited; Peter Fekete, Group CEO of 4iG; Eric Ip, Group Managing Director of Hutchison Port Holdings Limited; and Iqbal Khan, CEO of Fajr Capital, will explore arising opportunities in  the Middle East and other markets along the Belt and Road.This year, the Summit will feature two new thematic sessions: Multi-dimensional Connectivity under the Belt and Road Initiative and People-to-People Exchanges through Business and Cultural Collaboration. In the former session, experts from industries such as shipping, ports, airports, logistics and trade will jointly discuss and delve into the progress and development potential of connectivity among transportation networks. The latter session, co-organised by Standard  Chartered Bank (Hong Kong) Limited, aims to explore ways to enhance interconnectivity, mutual understanding and friendly relations among countries within the Belt and Road Initiative through economic and trade cooperation, as well as cultural exchanges.Other thematic breakout sessions include Mainland-Hong Kong Trade In Services Symposium co-organised with the Ministry of Commerce of the People's Republic of China as well as a session on legal cooperation co-organised with the Department of Justice of the HKSAR Government.As part of the Finance Chapter, co-organised with the Insurance Authority, Financial Services Development Council, Bank of China (Hong Kong), HKMA Infrastructure Financing Facilitation Office and Hong Kong Cyberport Management Company Limited, four sessions will analyse opportunities of leveraging Hong Kong's financial services. For the Youth Chapter, young business leaders will share how they seize opportunities under the BRI.Connecting global enterprises to facilitate business matchingThis year’s Summit will continue to offer investment and business matching. Business matching meetings will provide a full range of services in both physical - 11 and 12 September - and online - 16 and 17 September - forms.More than 280 investment projects are expected to me matched, with more than 800 one-to-one project matching meetings taking place. The deal-making service includes one-to-one business matching meetings and project investment sessions. Business matching meetings connect participants based on investment preferences and business expertise to facilitate collaboration opportunities.Project investment sessions enable project owners from different countries to present projects, giving investors and service intermediaries a comprehensive understanding of the investment opportunities in different sectors. Project investment sessions will focus on four main areas: energy, natural resources and public utilities; innovation and technology; urban development; and transport and logistics infrastructure.The Summit’s exhibition area will gather over 100 exhibitors across the Hong Kong Zone, Global Investment Zone and InnoTech Zone. The Hong Kong Zone will showcase the services and business advantages of Hong Kong service providers, while the Global Investment Zone will present large-scale investment projects, cultural and technological developments as well as global investment opportunities. The InnoTech Zone will feature cutting-edge innovations, AI, technologies and solutions from exhibitors around the globe.The 9th Belt and Road SummitDate11 to 12 September 2024VenueHall 5B-E, Hong Kong Convention and Exhibition CentreRemarksVideo and audio recordings at the Forum should be used only in the context of media reportingMedia RegistrationPlease contact awong@yuantung.com.hk or lsong@yuantung.com.hk for media registrationWebsitesBelt and Road Summit: https://www.beltandroadSummit.hk/conference/bnr/enProgramme:https://www.beltandroadsummit.com/conference/bnr/en/programmeSpeaker list: https://www.beltandroadsummit.com/conference/bnr/en/speakerMedia representatives who would like to conduct interviews with the speakers, please submit interview requests to awong@yuantung.com.hk or lsong@yuantung.com.hk by 6 September.Photo download: https://bit.ly/4g2t70HThe 9th Belt and Road Summit will be held on 11-12 September at the Hong Kong Convention and Exhibition Centre. The Summit will bring together over 80 government officials and business leaders from around the world to share their insights and expertiseMedia enquiriesYuan Tung Financial Relations:Anson WongTel: (852) 3428 3413Email: awong@yuantung.com.hkLouise SongTel: (852) 3428 5691Email: lsong@yuantung.com.hkHKTDC’s Communications & Public Affairs Department:Clayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgAgnes WatTel: (852) 2584 4554Email: agnes.ky.wat@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.comAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.

BENGALURU, INDIA, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - As India rises as a leading hub for technological innovation, the 12th Global Edition of the World CX Summit and Awards, hosted by Trescon, will examine the evolving customer experience (CX) landscape. Scheduled for 19 September at JW Marriott Hotel, UB city, Bengaluru, this summit will gather over 200+ top-notch CX Leaders & Marketing enthusiasts will be sharing actionable insights and discuss successful use cases that are shaping the future of CX.In light of the recent technological disruptions, including a significant outage that impacted millions of users, and the challenges faced across different industrial verticals, the importance of resilience, effective crisis management, and clear customer communication has become increasingly evident. The summit will address these issues by offering valuable insights into managing crisis effectively and enhancing customer trust through strategic innovations and best practices.Attendees will participate in high-impact sessions, including keynotes, panel discussions and conference, all aimed at advancing the CX landscape through a blend of emerging customer experience solutions and best practices designed to address current challenges and foster future progress.#WorldCXSummit features a dynamic agenda covering essential topics, from implementing strategic generative AI to integrating data analysis, enhancing human-like interactions through Conversational AI, interpreting customer feedback, and more.Among the notable speakers at the event are:Gurpreet Jolly, Head - Customer Experience and Service Delivery, AJIO (Reliance Retail Ltd.)Shruthi Bopaiah, Executive Vice President & Head - Customer Obsession, Axis BankSatish Patil, Director CX, Samsung ElectronicsVishal Bhatia, Chief Digital Officer, Canara BankDeepak Maloo, AVP, Food Strategy, Customer Experience & Restaurant Experience, SwiggyAvijit Mohapatra, Head of Flipkart Customer Experience Transformation, FlipkartVindhya Shanmugam, Senior Director - CX Growth, MyntraPriya Chakravarthy, Vice President - Experience, BluSmartNikhil Godbole, Group Head of Customer Service, JupiterRahul Poddar, Country Head Martech, Narayana HealthRahul Garg, Head – CX, Games 24x7Deepak Nayak, Sr Vice President – Customer Experience, Gameskraft“Customer experience is no longer just a touchpoint but a strategic pillar that drives competitive advantage. The World CX Summit offers a platform where thought leaders and innovators will gather to discuss and demonstrate how superior customer service can be achieved and sustained,” stated Mithun Shetty, Vice Chairman, Trescon. He further added, “By examining real-world use cases and emerging technologies, we will collectively advance our understanding of how to create memorable and impactful customer experiences that foster long-term loyalty,”Sharing the importance of the summit, Aalok R Pradhan, Head - Customer Delight, CX, COE - Digital & AI at TVS said, “World CX Summit in my opinion is a platform which can be leveraged by major CX professionals. This summit aims at new edge CX practices as well as the best-in-class products for CX professional to assess and up their game.”The event will also showcase the much awaited World CX Awards, spotlighting and celebrating the pioneering achievements of the nation’s foremost CX professionals. This segment will honour outstanding leadership and exceptional contributions across various sectors, marking a prominent celebration for the ‘Top 100 CX Leaders Awards’ and ‘Top Marketing Leaders’. Register to attend and to submit your nominations to celebrate with those setting new benchmarks in customer experience and marketing innovation. Secure your place and contribute to the advancement of CX today!About TresconTrescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients. For more information about Trescon, visit: www.tresconglobal.comFor media inquiries and further information, please contact:Vishal S STeam Leader – Media and CommunicationsTresconEmail: vishals@tresconglobal.comMobile: +91-7358680951 Copyright 2024 ACN Newswire via SeaPRwire.com.

SAN MARINO, ITALY , Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - IBA  of San Marino, (https://www.iba.sm) an innovation leader in custodial agency and proof of transit technologies for commodities and a subsidiary of Spectral Capital Corporation (OTCQB:FCCN), today announced a strategic licensing agreement with crwdunit, Inc., a wholly owned subsidiary of CrowdPoint Technologies, Inc. This partnership aims to transform IBA’s approach by creating a quantum bridge from Distributed Ledger Technology (DLT) to traditional commodity custodianship using crwdunit’s cutting-edge quantization technology on a decentralized cloud infrastructure.Revolutionizing Asset Management with Quantum TechnologyIBA will utilize crwdunit’s precise asset valuation technology to enhance its operations, offering unprecedented accuracy and scalability in commodity asset management through the use of Quantum Value Units (QVUs). This integration ensures precise and reliable asset management and valuation during transit.Under this agreement, crwdunit technology will help IBA measure the quantization process when data is placed on a decentralized cloud infrastructure using CrowdPoint’s Distributed and Decentralized Quantum Ledger Database (Vogon Cloud). Vogon Cloud, formerly Node Nexus Network (NNN) which was acquired by Spectral Capital last week, combines quantum computing with a high-performance Zaph virtual machine, offering real-time analytics, secure data storage, and superior scalability.Vladimir Lakin, GM of IBA of San Marino, stated, “Our collaboration with crwdunit marks a significant advancement in our use of decentralized technologies and commodity custodianship services. The real-time quantization capabilities will redefine our asset valuation processes, enhancing transparency and security of traditional DLTs.”Nadab U. Akhtar, Co-Founder, President, and COO of CrowdPoint Technologies, added, “This partnership highlights the impact and versatility of our ecosystem in transforming traditional asset management and DLT with cutting-edge quantum technologies.”About IBA of San MarinoIBA of San Marino, a subsidiary of Spectral Capital Corporation (OTCQB:FCCN), specializes in creating custodianship, immutability, transparency, and a quantum bridge to DLT. Focused on leveraging innovation to deliver high-quality custodianship, IBA helps commodity owners worldwide quantize their contribution to a multi-billion-dollar daily commodity-in-transit market, accelerating its annual growth rate and contributing to positive economic impact in developing nations by creating a new kind of financial alpha.About crwdunit, Inc.A wholly owned subsidiary of CrowdPoint Technologies, Inc., crwdunit develops advanced data architecture and quantization solutions for decentralized systems and asset management, driving growth and operational excellence.About Crowdpoint Technologies inc.CrowdPoint is a pioneer in quantum cloud technology, developing Vogon™, a Distributed and Decentralized Quantum Ledger Database (D2/QLDB™). CrowdPoint’s solutions enhance real-time intelligence, data optimization, and edge-computing, benefiting sectors such as energy management and e-commerce.About Spectral Capital CorporationAbout Spectral Capital Corporation: Founded in 2000 and based in Seattle, Washington, Spectral Capital (OTCQB:FCCN) is a technology startup accelerator and quantum incubator. We specialize in Quantum as a Service (QaaS), leveraging our proprietary Distributed Quantum Ledger Database technology (DQ-LDB) to offer secure, advanced storage and computing solutions.Forward Looking StatementsThis press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and FCCN's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although FCCN believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of FCCN. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in FCCN's business; competitive factors in the market(s) in which FCCN operates; risks associated with operations outside the United States; and other factors listed from time to time in FCCN's filings with the Securities and Exchange Commission. FCCN expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in FCCN's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.SOURCE: Spectral Capital CorporationFor Media Inquiries:Andrew BardRubenstein Public Relationsabard@rubensteinpr.com Copyright 2024 ACN Newswire via SeaPRwire.com.

KUALA LUMPUR, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Solar District Cooling Group Berhad ("SDCG") is pleased to announce the launch of its prospectus for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities"). The IPO represents a significant milestone in the company’s growth trajectory, allowing SDCG to expand its operations and strengthen its market position in building management system (“BMS”) and solar thermal systems and energy saving services.Mr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.Mr. Edison Kong, Managing Director, Solar District Cooling Group BerhadMdm. Eileen Liuk, Executive Director, Solar District Cooling Group Berhad[L-R]SDCG and its subsidiaries (“Group”) are principally involved in the provision and maintenance of BMS, solar thermal systems and energy saving services. The Group has a proven track record of enhancing energy efficiency across healthcare, hospitality and industrial sectors. SDCG Group is involved in providing energy performance services to the concession companies that are providing hospital support services for public hospitals. The concessionaires engaged SDCG Group as a subcontractor to carry out energy efficiency work related to the installation of hybrid solar thermal hot water systems, and for some contracts, retrofitting of fluorescent lighting of LED lighting.Mr. Wong Kei Fai, Independent Non-Executive Director, Solar District Cooling Group BerhadMs. Wong Poh May, Independent Non-Executive Director, Solar District Cooling Group BerhadMr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.Mr. Edison Kong, Managing Director, Solar District Cooling Group BerhadMdm. Eileen Liuk, Executive Director, Solar District Cooling Group BerhadIr. Dr. Khairul Azmy Bin Kamaluddin, Independent Non-Executive Chairman, Solar District Cooling Group BerhadYM Raja Nor Azlina Binti Raja Azhar, Independent Non-Executive Director, Solar District Cooling Group BerhadFollowing the IPO exercise, SDCG is expected to raise RM45.09 million via the issuance of 118.67 million shares at the issue price of RM0.38 per share. The proceeds will be allocated in the following manner:RM1.90 million for the expansion of headquarters in Kajang, Selangor; RM5.00 million for tender bonds and/or performance bonds for future projects;RM18.70 million for the purchase of materials for BMS segment, and solar thermal systems and energy-saving services segment;RM12.67 million for general working capital; RM2.52 million for capital expenditure, including new equipment for BMS, installation and maintenance of solar thermal hot water systems, and purchasing ICT software and services; andRM4.30 million for estimated listing expenses.Applications for the IPO will open at 10:00 a.m. today, following the prospectus launch, and will close on 6 September 2024. SDCG is scheduled to list on the ACE Market on 19 September 2024. At the IPO price of RM0.38 per share, the market capitalisation of the company upon listing will be RM161.05 million.Managing Director of SDCG, Mr. Edison Kong commented, "This IPO represents a significant milestone in Solar District Cooling Group Berhad’s journey. Since 2008, we have been driven by a commitment to innovation, efficiency, and sustainability. Our focus on delivering Building Management Systems and solar thermal technologies has helped us enhance energy efficiency and promote environmental stewardship. With this listing, we look forward to embracing new opportunities and setting new standards in our business. I am deeply grateful to our team, clients, and partners for their continued trust and support.”Head of Capital Markets of Mercury Securities Sdn Bhd, Mr. Chris Lai Ther Wei stated, “We would like to congratulate the Board and the entire team of Solar District Cooling Group Berhad on the successful launch of your IPO prospectus. Well done for reaching another milestone in your corporate journey.”Mercury Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for SDCG. Copyright 2024 ACN Newswire via SeaPRwire.com.

HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Institute of Directors (“HKIoD”) welcomes(1) The Hong Kong Exchanges and Clearing Limited ("the Exchange")'s proposal to mandate directorship training for first-time directors and require all directors to undergo continuing professional development (“CPD”) training. To further uphold corporate governance standards and director professionalism, HKIoD thinks the Exchange can go further.Dr Christopher To, Chairman of HKIoD, said, “HKIoD welcomes the Exchange’s latest regular exercise to review and update the Corporate Governance Code and related Listing Rules. Although we do not agree with every element of the Exchange’s proposals, we certainly support the notion of making continuing professional development mandatory for all directors.”According to HKIoD, to make true the purpose and effect of continuing training, a board should have a suitable professional development policy for its directors. Continuing training is important for directors to keep up, but it must be distinguished from initial training. For those who do not have directorship training nor experience whatsoever, undergoing initial training on effective directorship and corporate governance is prudent. First-time directorship training should be a prerequisite prior to the director coming on board, however. “The Exchange should go further by encouraging individuals to have become ready for a board seat prior to appointment, rather than to start acquainting themselves with the demands of directorship post-appointment.” Dr To commented.Dr Carlye Tsui, CEO of HKIoD, supplemented, “We believe all company directors, when they first assume their posts, should have a firm grounding of the skills, knowledge and qualities required to meet the corporate governance demands of today. HKIoD long advocates the importance of corporate governance training, and we want to emphasise that proper initial training for first-time directors is one key aspect of the total quality of corporate governance training.”The Institute believes that attaining HKIoD Diploma level credential (or higher) should qualify as initial training now proposed for First-time Directors by the Exchange. The Institute also recommends transition course(s) for credentialed/experienced directors from other markets to help them become familiar with the Hong Kong market. HKIoD will gladly work with the Exchange to design and offer such programmes, and an accreditation regime for directorship training in Hong Kong.On proposals around time commitment and tenure of Independent Non-Executive Director (“INED”), Mr Henry Lai, Past Chairman of HKIoD and current Chairman of the Institute’s Corporate Governance Policies Committee, said, “The emphasis should be on whether the INED and the issuers involved have made an honest assessment as to the ability to devote sufficient time, not a broad-brush requirement on the director to limit the number of INED positions one may hold. Particularly, we do not agree with the Exchange’s proposal which only seeks to limit INED positions one may hold among Hong Kong issuers.” As to the question of how long is too long for an INED, Mr Lai added, “the answer ought to be ‘it depends’. It is the independence of mind that matters, not tenure.”The Exchange would also want issuers without an independent board chair to designate a Lead INED. Due to the many constraints and practical realities now exist in the Hong Kong market, HKIoD believes there are alternatives that can be more effective. “We do not tend to have majority INED in our market. The Lead INED will be chosen from a small group anyway. We should rather empower and encourage all INEDs to collectively perform, to bring the results that are sought under the Lead INED concept. Meetings with shareholders and stakeholders can be set up for all INEDs to take part. There can be an INED report section in the annual report,” Mr Lai commented.  “Maybe we should encourage more issuers to have an independent board chair. An independent board chair working together with all the other INEDs can be more helpful,” Mr Lai continued.HKIoD has early on advocated the benefit of moving towards a majority INED, which can make INEDs collectively better able to perform their director roles. With INEDs comprising the majority, their active involvement in board matters becomes more necessary and their time commitment more valued. It should also allow much more room for meaningful rotation and refreshment through careful succession planning.Apart from the above, the Institute expressed support for many changes proposed by the Exchange including mandating board performance review, maintaining a board skills matrix, mandating the annual reviews of the effectiveness of the issuer’s risk management and internal control systems, disclosure of the issuer’s policy on payment of dividends and the board’s dividend decisions, and disclosures in respect of issuers’ modified auditors’ opinion.      (1)The full response: HKIoD Response to HKEX ConsultationAbout The Hong Kong Institute of Directors (“HKIoD”)The Hong Kong Institute of Directors (“HKIoD”) is Hong Kong’s premier body representing directors working together to advance corporate sustainability in creating long-term value for companies, their owners, stakeholders, humankind and Planet Earth through advocacy and standards-setting in corporate governance and director professionalism. Led by Founder Chairman Dr The Hon Moses Cheng, HKIoD was founded in 1997. Throughout the years, HKIoD is honoured to have the Chief Executive of HKSAR as the Institute’s Patron. Membership of HKIoD comprises of directors from diverse industries and corporate types and includes Executive Directors, Non-Executive Directors and Independent Non-Executive Directors. With multi-culturalism and international perspectives, HKIoD organises activities that cover director training, seminars and forums, collective director voice, guideline establishment, public education, Award Series for Director Excellence, assessment of Corporate Governance Scorecard for listed companies etc.  As a member body of the Global Network of Director Institutes (“GNDI”), HKIoD is committed to global collaboration in promoting good corporate governance and director professionalism. HKIoD is the appointed Host of the Hong Kong Chapter of Climate Governance Initiative, a global network that collaborates with the World Economic Forum in actively promoting directors’ address of the risks and opportunities of climate change.For details please visit: http://www.hkiod.com | http://www.gndi.org | https://climate-governance.org/Media Enquiries: Strategic Public Relations GroupBrenda Chan+852 2114 4396 / brenda.chan@sprg.com.hkThe Hong Kong Institute of DirectorsWing Wong+852 2889 1414 / wing.wong@hkiod.com– End – Copyright 2024 ACN Newswire via SeaPRwire.com.

SINGAPORE, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - TRST01, a sustainable tech company that helps businesses meet global sustainability rules while making their supply chains more transparent, trustworthy, and ethical, announces a groundbreaking Memorandum of Understanding (MoU) agreement with the Rubber Board of India to develop and implement a centralised compliance solution for the European Union Deforestation Regulation (EUDR). Through this strategic partnership, TRST01 becomes the first private entity in the world to enter into an MoU with a public entity for a one-stop compliance solution, setting a new standard in public-private partnerships.The MoU underscores the trust and confidence that the Rubber Board of India has in TRST01 as a key player in the sustainable technology space. While other entites have entered into contract-based agreements, this MoU represents a deeper, more integrated collaboration that is poised to revolutionise compliance processes for the Indian rubber industry.TRST01 and the Rubber Board of India will collaborate on geo-mapping rubber-growing land plots to ensure deforestation-free sourcing and responsible practices. This partnership will also develop a Centralized Database to enhance traceability, risk assessment, and compliance with European Union Deforestation Regulations (EUDR) in the rubber industry, with TRST01 as the technology partner. Ultimately, the MoU will help strengthen India's regulatory framework and position India as a global leader in sustainable rubber production.Speaking on the strategic agreement with TRST01, Mr. M. Vasanthagesan IRS, CEO and Executive Director of The Rubber Board, said, "This collaboration with TRST01 is a testament to our dedication to supporting the rubber sector. The initiatives outlined in this MoU will facilitate the exporters to comply with EUDR and make Indian rubber growers globally competitive and get wider opportunities for their produce.""This joint venture is a testament to our commitment to driving sustainability and compliance in the rubber industry," remarked Prabir Mishra, CEO and founder of TRST01. "It is a great honour to partner with the Rubber Board of India as this initiative can serve as a model for other industries and regions.For TRST01, the MoU will demonstrate how public-private partnerships can drive innovation in sustainability. The collaboration represents a shared vision for a sustainable future. It will significantly benefit Indian rubber producers, highlighting how TRST01 can help producers achieve global compliance standards in sustainability.About TRST01TRST01 provides cutting-edge technology solutions that ensure supply chain traceability, accurate ESG reporting, digital measurement of sustainability impacts, and the secure management of carbon credits. TRST01 stands out for its simplicity, adaptability, and focus on creating tangible impacts on sustainability, making it accessible and effective for many users, from smallholder farmers to multinational corporations. It is also at the forefront of the regenerative finance movement, creating financial tools that promote practices that restore rather than deplete the earth's resources.TRST01's approach fundamentally transforms how businesses view sustainability by creating a direct and tangible impact on People, Planet, and Profitability. Our innovations are not just about compliance; they make a sustainable ecosystem where every participant benefits. Visit trst01.com to learn more.About Rubber Board IndiaThe Rubber Board of India, headquartered in Kottayam, Kerala, is a statutory body under the Ministry of Commerce and Industry, Government of India. Established in 1947, it plays a pivotal role in the development of the rubber industry in India. The Board's responsibilities encompass research, development, and extension activities related to natural rubber cultivation, production, and processing. It also regulates the marketing of rubber and ensures fair prices for both growers and consumers. Through its various initiatives, the Rubber Board strives to enhance the productivity and sustainability of the rubber industry in India, thereby contributing to the economic growth of the country.Media Contact:Sheree TanSenior AssociatePINPOINT PR Pte. Ltd.sheree@pinpointpr.sg | pinpointpr.sgSG: +65 8313 9472Hakim IshakAssociatePINPOINT PR Pte. Ltd.hakim@pinpointpr.global | pinpointpr.sgSG: +65 8949 3040  Copyright 2024 ACN Newswire via SeaPRwire.com.

SYDNEY, AU, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Cisgenics, a pioneer of world-class sustainable irrigation solutions, has entered the Australian market, introducing their next-generation irrigation solutions which hold the potential to shape the future of water management in Australia. The company is opening its first office in Adelaide and undertaken a number of significant projects including a world-class sporting venue and various projects for the City of West Torrens in South Australia. These projects address urban green space management and water optimisation to maintain lush, inviting landscapes while adhering to strict water conservation mandates.Australia faces pressing challenges such as water overconsumption, frequent droughts, and the resulting heightened risk of fires, all of which threaten the sustainability of agricultural practices, urban green spaces, and notable landmarks. Cisgenic’s flagship solution, CisgenX, derived from over 45 years of experience in irrigation experience across more than 1,000 projects, can help overcome some of these issues.  A proven solution, CisgenX will be deployed at some of the world’s most recognisable and photographed locations including, Bay East Gardens, and the Founders Memorial at Singapore's Gardens by the Bay, along with the Nad Al Sheba Road in the UAE."We see a significant market for CisgenX in Australia, where water conservation and droughts are critical concerns,” says Sam Rebera, Managing Director of Cisgenics. "To help local businesses and communities meet their sustainability goals, we are striving to earn the Smart Approved Watermark, which we believe will establish CisgenX as Australia’s leading sustainable irrigation solution. To support this goal and manage the projects we've secured, we are in the process of opening  an office in Adelaide."Cisgenics designs solutions to meet the unique needs of various industries, from golf courses and landscapes to agribusiness. Their precision irrigation systems enhance turf health, create water-efficient green spaces in both urban and rural areas, and boost crop yields. CisgenX, utilises advanced IoT (Internet of Things) technology and machine learning algorithms to optimise water, fertiliser, and energy use. This state-of-the-art solution helps optimise water usage and manage plant health.The integration of technologies in the CisgenX solution enables precision irrigation, where machine learning algorithms will work alongside weather data to predict water needs with pinpoint accuracy, significantly reducing water waste. The platform’s advanced sensors and real-time monitoring optimise resource use, saving money, conserving water, and ensuring plant health. Internal studies have shown that CisgenX can cut water consumption by up to 40%, and in some cases, by as much as 70% on traditional methods of irrigation. These significant reductions help clients meet their ESG goals while providing real-time data through IoT sensors that monitor soil moisture and other critical factors."Through our advanced irrigation solutions, we are not only addressing immediate concerns like water scarcity and fire risk but also contributing to a sustainable future for Australia," added Rebera. "Our goal is to support the country’s efforts to manage its natural resources responsibly while ensuring that essential green spaces thrive.”Cisgenics will be showcasing these products and more at the upcoming Irrigation Conference 2024 in Sydney from 2-4 September. Attendees are invited to visit Booth 88 to learn how their solutions can transform irrigation practices in Australia and beyond.About CisgenicsCisgenics is dedicated to revolutionising the irrigation industry through innovative, AI-powered solutions that optimise water and energy use, promote sustainability, and ensure the health and longevity of green assets worldwide. With more than 45 years of experience, Cisgenics combines deep industry knowledge with the latest technological advancements to offer precision, efficiency, and sustainability in water management. Visit cisgenics.com for more information.For more information, please contact:Illka GobiusManaging DirectorPINPOINT PR Pte. Ltd.Email: illka@pinpointpr.globalPhone: (AU) 0429 396 275 or (SG) +65 9769 8370 Copyright 2024 ACN Newswire via SeaPRwire.com.

HONG KONG, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - Black Spade Acquisition II Co (the “Company”), a special purpose acquisition company (“SPAC”) sponsored by an affiliate of Black Spade Capital Limited, announced today the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “BSIIU” on August 28, 2024.Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected be listed on Nasdaq under the ticker symbols “BSII” and “BSIIW”, respectively. The offering is expected to close on August 29, 2024, subject to customary closing conditions.The Company’s management team is led by Dennis Tam, Executive Chairman & Co-CEO, Kester Ng, Co-CEO & CFO and Richard Taylor, Co-CEO & COO, each of who served as executive director of or advisor to Black Spade Acquisition Co (“BSAQ”), a SPAC also sponsored by an affiliate of Black Spade Capital Limited. BSAQ completed its $169 million initial public offering in August 2021. In August 2023, BSAQ completed a $23 billion business combination with VinFast, a leading Vietnamese automaker and the first Vietnamese business to list in the U.S. by way of a business combination. Clear Street and Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, are acting as joint book-running managers. Latham & Watkins LLP is serving as legal counsel to the Company. Loeb & Loeb LLP is serving as legal counsel to the underwriters.The public offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, by email at ecm@clearstreet.io, or from the SEC website at www.sec.gov.A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on August 23, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.(from the left) Kester Ng, Co-CEO and CFO, Dennis Tam, Chairman and Co-CEO,Richard Taylor, Co-CEO and COO– End –About Black Spade Acquisition II CoBlack Spade Acquisition II Co is the second SPAC of its founder, Black Spade Capital and its management team incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets. While the Company may pursue an acquisition or a business combination with a target in any business or industry, it believes that the entertainment, lifestyle and technology industries, particularly those that are major beneficiaries of artificial intelligence (“AI”), provide ample business combination opportunities.Forward-Looking StatementsThis press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering, the anticipated use of the net proceeds, and the search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated.Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's initial public offering filed with the SEC. Copies of these documents are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.Investor Contact:IR@blackspadeacquisitionii.comMedia Enquiries:Strategic Financial Relations Limited     Vicky LeeTel: +852 2864 4834Email: vicky.lee@sprg.com.hkLilia YangTel: +852 2864 4833Email: lilia.yang@sprg.com.hkWebsite: www.sprg.com.hk      Copyright 2024 ACN Newswire via SeaPRwire.com.

MALAYSIA, Aug 28, 2024 - (ACN Newswire via SeaPRwire.com) - MClean Technologies Berhad ("MClean Technologies" or the "Company"), an established provider of precision cleaning and surface treatment solutions, is pleased to announce its financial results for the second quarter ended 30 June 2024 (“Q2 FY2024”). The Company has recorded its second consecutive profitable quarter in the financial year ending 31 December 2024 (“FY2024”), marking a significant turnaround in its financial performance.Datuk Dr. Terence Tea Yeok Kian, the Executive Chairman and Managing Director of MClean Technologies BerhadFor Q2 FY2024, MClean Technologies reported revenue of RM15.5 million, a 30% increase compared to RM12.0 million in the same quarter last year (“Q2 FY2023”). This increase in revenue is largely attributed to stronger demand for the Company’s precision cleaning and surface treatment services. Notably, the Company achieved a profit before tax (“PBT”) of RM1.0 million, a substantial improvement from the loss before tax of RM1.1 million in Q2 FY2023, due to higher revenue in the current quarter and the successful implementation of cost management initiatives.Comparing to the immediate preceding quarter (“Q1 FY2024”), MClean Technologies recorded an 18% growth in revenue from RM13.1 million to RM15.5 million, driven primarily by increased demand for its precision cleaning services. In tandem with this revenue growth, the PBT of the Company surged by 177% in Q2 FY2024, compared to RM0.4 million PBT in Q1 FY2024.For the first six months of FY2024 (“6M FY2024”), MClean Technologies reported revenue of RM28.7 million, a 19% increase compared to RM24.0 million in the same period last year (“6M FY2023”), primarily due to stronger demand for precision cleaning and surface treatment services. The Company’s PBT for 6M FY2024 stood at RM1.3 million, marking a remarkable turnaround from the loss before tax of RM2.2 million in the corresponding period of FY2023. This growth underscores the consistent demand for MClean’s services, particularly in the Hard Disk Drive (HDD) and consumer electronics sectors.With the entry of the new substantial shareholder, Accrelist Crowdfunding Pte. Ltd., a wholly-owned subsidiary of Accrelist Ltd. (“Accrelist”), on 2 July 2024, which currently holds 28.5% stake in MClean Technologies, MClean Technologies aims to leverage on the strategic partnership opportunity that is presented by Accrelist’s extensive expertise in business transformation and growth.Accrelist, listed on the Catalist Board of the Singapore Exchange, is a diversified group with interests in medical aesthetics and injection moulding services, held through its subsidiary, Jubilee Industries Holdings Ltd, which is also listed on the Catalist. With the entry of this new shareholder, MClean Technologies is exploring various synergistic strategies to increase market share, expand customer and sector opportunities, and deepen cost-efficiency efforts through enhanced expertise and talent resource utilisation.Datuk Dr. Terence Tea Yeok Kian, Executive Chairman and Executive Director of MClean Technologies said, “We are very pleased with our performance in the second quarter of 2024, which marks our second consecutive profitable quarter in the current financial year. The strong financial results reflect the hard work and dedication of our team, as well as the strategic decisions we have made to enhance operational efficiency. The successful turnaround of the company demonstrates our commitment to building sustainable growth and profitability. Our focus remains on sustaining this positive momentum and achieving long-term profitability. We are particularly encouraged by the growth in demand for our HDD solutions in Malaysia and Thailand, and we will continue to leverage our strengths to deliver value to our shareholders.”Looking ahead, MClean is dedicated to maintaining its positive momentum and focusing on long-term profitability. The management team is confident that the Company's strategic initiatives, combined with ongoing cost management efforts, will position MClean for continued success in the quarters to come.As of 27 August 2024, the share price of MClean Technologies had closed at RM0.29 as at 5:00 P.M., representing a market capitalisation of RM57.2 million.This press release should be read in conjunction with the full text of the announcement released by MClean Technologies on 27 August 2024 in relation to its interim financial statements for the quarter and six months ended 30 June 2024 which is available on the Bursa website.ABOUT MCLEAN TECHNOLOGIES BERHADMClean Technologies Berhad, is a leading provider of surface treatment, precision cleaning, and packaging services. The Company serves a diverse range of industries, including Hard Disk Drive, Consumer Electronics, and Oil & Gas. With operations in Malaysia, Singapore, and Thailand, MClean is committed to delivering high-quality and reliable services to its clients. For more information, visit http://www.mclean.com.sg/.For more information, please contact:Jazzmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizStephanie ChowTel: +60 18-314 3933Email: s.chow@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.