วัน: 5 กันยายน 2024

HONG KONG, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - The success of Black Myth: Wukong, a game steeped in the Chinese cultural aesthetics, is underscoring the vast potential for top-tier IP games from China and igniting confidence for developing high-quality products with global appeal.At a recent interim results briefing, CMGE (0302.HK) management noted that “The success of games like Black Myth: Wukong, Wuthering Waves, and Zenless Zone Zero has reinforced our commitment to producing cross-platform blockbusters under the strategy of self-development,  proprietary IP operation, and self-publishing.”As the Chinese game tycoon with the largest IP portfolio, CMGE is doubling down on leveraging major IPs like Legend of Sword and Fairy and One Piece. With a strong focus on technological innovation, CMGE aims to deliver high-quality, long-lifecycle games that redefine the revenue patterns and outlive industry cycle.Traveling Light: Lean Operations Drive Steady ProfitsOn August 28, CMGE unveiled its financial results for the first half of 2024, reporting a total revenue of RMB 1.23 billion, including 14.3% from overseas operations, and an adjusted net loss of RMB 208 million.The first half of 2024 saw severe challenges and volatility across the game industry. In response, CMGE adopted a more prudent financial approach by accounting for impairments on certain investments, write-downs on prepayments for unlaunched games, and adjustments to non-operating financial assets.Through this adjustment, CMGE expects to “travel light and pave the way for future profitability. It also shows CMGE’s ongoing commitment to developing premium games anchored by strong IPs.Despite industry turbulence, CMGE’s core operations have remained profitable throughout the first half of 2024, thanks to its sharp focus on an IP-driven strategy that continuously strengthens  player viscosity. Impressive key operational metrics include 14.392 million MAUs, 47.297 million new registrations, and 1.027 million monthly paying users contributing an ARPPU of 200.2 yuan.By business segment, publishing was a big revenue driver, generating 1 billion yuan in the first half of 2024. Soul Land: Shrek Academy topped the Apple Store’s free games chart within a month of its debut in January, pulling in a monthly revenue of over 100 million yuan. Fights Break Firmament: Peak Confrontation secured the second spot on the chart within a month of its debut in June, setting the stage for further growth in the second half of the year.CMGE has made remarkable strides in global expansion, raking in 176 million yuan from overseas publishing, a year-on-year increase of 41.5%. A major contributor to this growth was the release of Legend of Sword and Fairy: Wen Qing an RPG card game based on the popular Legend of Sword and Fairy IP. Launched in December 2023 across Hong Kong, Macau, and Taiwan, the game soared to the top of the Apple App Store’s free charts in all three regions, showcasing the lasting popularity of the Legend of Sword and Fairy series among Chinese-speaking players.On the R&D front, CMGE reported an R&D revenue of 126 million yuan and an R&D investment of 110 million yuan in the first half of the year. Notably, R&D expenses dropped by 58.71% compared to the same period last year, thanks to the integration of AIGC into game development, which raised efficiency and reduced costs. Meanwhile, CMGE’s highly anticipated Sword and Fairy World is already under final test. Reductions in design and development costs inspire a more optimistic outlook on future profitability.CMGE is intensifying its focus on the Legend of Sword and Fairy IP, strategically extending its influence into film, animation, and merchandise. This multi-faceted approach has consistently unlocked new revenue streams, enhancing the brand’s value and market presence. In the first half of this year, CMGE’s IP licensing revenue surged to 107 million yuan, marking a substantial 79% year-over-year growth. This impressive performance stems from a series of high-profile adaptations of the Legend of Sword and Fairy series, including Sword and Fairy 4, a TV series produced in collaboration with iQiyi; Sword and Fairy, a TV drama based on Sword and Fairy 6 and developed alongside Shandong Film and TV; and The Return of Xiaoyao, a reinterpretation of Legend of Sword and Fairy coproduced with Tencent Video. These adaptations have not only captivated audiences but also garnered critical acclaim, further solidifying the franchise’s stronghold in the market.Leveraging its premier IP assets, CMGE has maintained steady growth while strategically streamlining its balance sheet through accounting impairments. This positions the company for renewed momentum in the competitive game industry.All About the Game: Chinese-Inspired Sword and Fairy World Gears Up for LaunchFor CMGE, thriving in shifting market cycles isn’t about short-term wins but about building long-term capabilities. The company’s “product-first” philosophy centers on delivering high-quality games based on top-tier IPs, helping it stand out in a crowded market and avoid the pitfalls of low-quality saturation. As CMGE Chairman Xiao Jian recently stated, “IP is more than just a cultural symbol—it’s a value system and almost a belief. In fact, it has become the cornerstone for creating competitive barriers in the game industry.”A key example of this strategy is Sword and Fairy World, an open-world RPG rooted in the iconic Legend of Sword and Fairy IP. After more than three years of dedicated endeavor, the game has successfully secured licenses for both PC and mobile platforms, showcasing CMGE’s commitment to excellence.Sword and Fairy World, a game derived from one of China’s most cherished IPs, features a vast and immersive open-world experience. Spanning 384 square kilometers, the game is rich in traditional Chinese cultural elements, allowing players to explore breathtaking landscapes—from the picturesque scenery of Jiangnan to the majestic peaks of Mount Shu and the mysterious miao regions. As Chinese cultural themes gain traction in gaming, insiders suggest that Sword and Fairy World has a chance of becoming a major hit, potentially rivaling titles like Black Myth: Wukong.CMGE also employs immense efforts in elevating gameplay, doing all out to create a top-tier open-world RPG. On the one hand, it gives the best play to the cultural connotation of its IPs and keeps adding contents. On the other hand, it also invents new ways of gameplay, having introduced a unique pet collection system inspired by Chinese mythology and fantasy to innovate core gameplay. CMGE continues to upgrade visual fidelity and environmental realism to deliver a more immersive interaction and create a comprehensive, next-level player experience that resonates with both domestic and global audiences.CMGE is setting a new standard for player immersion by integrating AI-driven NPCs into its upcoming games. These NPCs will react to the environment and engage in conversations that mirror real-world interactions, creating a vibrant, lifelike social ecosystem within the game. Players will also have access to advanced AI-powered customization tools, including facial recognition and voice modulation, allowing for more personalized expressions and interactions and sparking players’ creativity in the virtual world.Building on the success of the renowned Legend of Sword and Fairy IP, Sword and Fairy World has repeatedly ranked among the “Most Anticipated Games” of 2024. Having successfully passed the first three tests, the game is nearing its final test before a full release later this year. The number of pre-registrations is already approaching 5 million and could surpass 10 million by the time of debut.CMGE’s focus on IP-driven, premium games is paying off handsomely. By capitalizing on the popular Legend of Sword and Fairy IP and potential video and animated adaptations, CMGE is successfully broadening its audience base, enhancing user viscosity and lowering customer acquisition costs. This strategy positions the company for sustained profitability. A cornerstone of CMGE’s approach is its emphasis on open-world games, a growing industry trend that greatly increases user capacity and game lifecycle. Openness and creativity are set to drive higher player engagement and LTV. The eagerly awaited Sword and Fairy World, CMGE’s upcoming open-world title, will be available across multiple platforms, with the PC version projected to achieve a gross margin near 70%.Industry analysts forecast that the launch of Sword and Fairy World will notably increase the share of long-cycle products in CMGE’s lineup. This not only highlights the lasting value of the Legend of Sword and Fairy IP， but also redefines the traditional profitability trajectory for games, paving the way for sustained, high-revenue growth. With this forward-thinking strategy, CMGE is primed for enhanced profitability and long-term financial success.Growth on the Horizon: CMGE’s Strong Pipeline Set to Fuel ExpansionCMGE is ramping up its global expansion and refining its product lineup to bolster the stability and predictability of its long-term growth. With an impressive slate of titles set for the second half of 2024, CMGE is gearing up to enhance its performance reliability.In the second half of 2024, CMGE’s publishing division will make a significant impact with a series of high-profile IP-based game launches. Key upcoming titles include Soul Land: Space and Time Reversal , Daily Life of Chat Group, Naruto: Konoha Masters, New Romance of the Three Kingdoms: The Legend of Cao Cao, Country Love: Business Life , Chunqiu Mystery, and the casual mini-game Sanqian Huanshi. The recent launch of Soul Land: Shrek Academy in Hong Kong, Macau, and Taiwan on August 22, 2024, soared to the top of the Apple App Store’s free charts in all three regions during its debut week. Looking ahead, CMGE is planning to release Smash and Code: FA in Hong Kong, Macau, and Taiwan and bring Dynasty Warriors: Hegemony to the Japanese market in the second half of the year. With these strategic moves, CMGE aims to solidify its position and drive continued growth across key global regions.CMGE is betting big on its internal development to fuel growth in the second half of the year. Leading the charge are key titles including Sword and Fairy World and World of Castellan , which will benefit from expanded promotional efforts, alongside a new installment in the iconic franchise, Code: Dark Night Legend. These self-developed games are expected to make a substantial impact on the company’s overall performance.“Strategy is not predicting the future. Instead, it’s about making decisions today to be ready for an uncertain tomorrow,” analysts emphasize, channeling Peter F. Drucker’s wisdom. CMGE exemplifies this with a robust IP-driven, product-first strategy. By honing in on high-quality game development, the company is building a unique competitive moat to secure long-term stability and eventually outlive industry cycle.For further information, please contact:PEANUT MEDIA LIMITEDDirect Line: +86-755-61619798 x8210Email: hswh.project@czgmcn.com  Copyright 2024 ACN Newswire via SeaPRwire.com.

TEWKSBURY, MA, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - Cambridge Isotope Laboratories, Inc. (CIL), the global leader in 13Cand 13C urea production, is excited to announce the startup of its North Star project, significantly increasing the company's production capabilities.CIS AerialThe North Star project commenced in mid-2020 as the world's largest 13C production cascade. After the complex build of phase one finished in March 2024, CIL began to introduce naturally abundant product into the front end of the distillation cascade. With each stage of the cascade, the predicted enrichment has exceeded expectations, and the overall performance has been exceptional. The first highly enriched 13C finished product will be captured in October of 2024. CIL will build more front-end systems to bring final production of the cascade to world scale capacities by April 2025."This is CIL's fourth 13C production system since 1990. With each system, our team of talented engineers have incorporated their 30-plus years of design, operation, and construction experience into the next system. Our North Star cascade is certainly proving that knowledge and experience pays impactful dividends for CIL and our customers," said Cliff Caldwell, CEO of CIL."CIL's talented organic chemists incorporate our 13C product into a myriad of labelled organic compounds with significant importance in environmental testing, biopharmaceutical research, and medical diagnostics. One critical product is 13C Urea used in the detection of H-pylori infections in humans. H-pylori is widespread throughout the world and can lead to stomach ulcers and stomach cancer. 13C urea provides a low-cost detection method to allow for treatment and elimination of H-pylori. The North Star project assures CIL's commitment to meeting the needs of 13C urea and accommodate future growth in other critical applications," states Mike Steiger, Vice President of Engineering and Project Execution.For years, CIL has been the go-to expert in cryogenic distillation, solidifying its position as the world's top producer of 13C isotopes. CIL's customers can be assured they have the reliable capacity of 13C to meet enable the commercialization of their research.About Cambridge Isotope Laboratories, Inc.CIL is the world's largest manufacturer and global supplier of stable isotopes and stable isotope-labeled compounds used in research, environmental, pharmaceutical, medical diagnostic, OLED, and industrial markets. CIL subsidiary ABX, located in Dresden, Germany, is active in the development and commercialization of radio isotopic-labeled compounds for the diagnosis and treatment of cancers. CIL is an operating business owned by Otsuka Pharmaceutical. The CIL business consists of two facilities in the Boston, MA, area; a large isotope-enrichment production plant in Xenia, OH; CIL China; CIL Canada; ABX in Dresden, Germany; and Eurisotop in Saclay, France. For more information on CIL, visit isotope.com.Contact InformationCrissy Kriskocrissyk@isotope.com1.978.269.1930SOURCE: Cambridge Isotope Laboratories, Inc. Copyright 2024 ACN Newswire via SeaPRwire.com.

Luxembourg, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - Moolec Science SA (NASDAQ:MLEC) ("The Company", "Moolec"), a science-based food ingredient company, announced today the harvest confirmation of US campaigns for genetically engineered plant-grown products GLASO™ and Piggy Sooy™ during October 2024.GLASO™ and Piggy Sooy™ US Harvest AnnouncementGLASO™ (gamma-linolenic acid -GLA- in safflower oil) campaign located in Idaho consists of 600 planted acres of genetically modified safflower, mainly for commercial purposes. As a result of the harvest, Moolec is expecting to produce between 300 to 400 tons of safflower seeds that contain high levels of GLA. To allocate most of the upcoming GLASO™ production, Moolec has secured an offtake agreement with a major global CPG company, targeting the US market in 2025. Following a successful and rigorous audit from Moolec's CPG customer, production is set to begin in late 2024.The Company is also developing a broader commercial strategy to reach larger markets and clients. Moolec's GLASO™ product contains almost 3 times more GLA than conventional sources such as borage and primrose oil, making it the most concentrated GLA oil available on the market.Piggy Sooy™ (porcine myoglobin in soybean seeds) field trials are being carried out in 3 different US locations: Ohio, Missouri and Iowa. Main purposes for the campaign are product development (sampling), seed increase and gathering of environmental and regulatory data to continue Moolec's US-FDA approval pathway. The Team also projects a remarkable first open field performance for its bioengineered soybean Piggy Sooy™ after recent approval for cultivation from USDA-APHIS. This has set an unprecedented milestone in biotechnology last April, with Moolec becoming the first Molecular Farming company to obtain this kind of clearance for food crops growing animal proteins in US territory.Chief Technology Officer and Co-Founder Martín Salinas stated: "Our commitment to scaling Moolec's Molecular Farming Technology is demonstrated by our GLASO™ campaign and the field trials of Piggy Sooy™. These efforts not only reinforce our position as pioneers in the industry but also lay the foundation for sustainable solutions in agriculture and biotechnology." He then finished by remarking: "One acre of Piggy Sooy™ could potentially produce pork meat proteins equivalent to 10 pigs, reducing water footprint, land usage and CO2 emissions. This is a clear demonstration on how we promote environmental improvements throughout all our operations. Our aim is to heal the meat production system."Contact InformationPress & Mediacomms@moolecscience.comInvestor Relationsir@moolecscience.comRelated FilesMoolec Confirms US Harvest And Promising Yields For Plant-Grown Products GLASO™ And Piggy Sooy™ In October - 2024.09.05SOURCE: Moolec Science Copyright 2024 ACN Newswire via SeaPRwire.com.

Bandung, W Java, Indonesia, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - The 44th ASEAN Railway CEOs’ Conference (ARCEOs’ Conference) was successfully held in Bandung, Indonesia, from September 2-5, 2024. With the theme "Driving Sustainability with Digital Innovation," this year’s ARCEOs’ Conference focused on sustainable and eco-friendly railway development supported by digital transformation in safety and service aspects.Indonesia's Minister of Transportation Budi Karya Sumadi and delegates of 8 ASEAN railway operators share in the opening of The 44th ASEAN Railway CEOs' Conference (ARCEOs' Conference) in Bandung, Indonesia. Representing Indonesia, PT Kereta Api Indonesia (Persero) (KAI) was appointed as the organizing committee for the ARCEOs' Conference, which was attended by seven other ASEAN railway operators including Keretapi Tanah Melayu (Malaysia), Vietnam Railways (Vietnam), Ministry of Public Works and Transport (Cambodia), Lao National Railways (Laos), Philippine National Railways (Philippines), Myanma Railways (Myanmar), and State Railway of Thailand (Thailand).ARCEOs' Conference delegates experience the first high-speed train in ASEAN, Whoosh In his address, Minister of Transportation of Republic of Indonesia Budi Karya Sumadi highlighted that Indonesia is currently experiencing significant growth in the railway sector with the operation of the first high-speed train in the ASEAN region, Whoosh."Moreover, in urban rail transportation, Indonesia is expanding its MRT network with ongoing construction, in addition to the Jabodebek LRT, and the latest is the Autonomous Rail Transit in Nusantara as the next capital city," he explained.The introduction of high-speed trains aims to advance transportation in Indonesia to enhance connectivity and the economy between Jakarta and Bandung through modern, eco-friendly mass transit.With the high-speed train, passengers need not worry about long travel times, as the Jakarta-Bandung route is covered in just 28 minutes, with a maximum speed reaching 350 km/h. Featuring more spacious and modern interiors, the high-speed train offers three classes with a total capacity of up to 601 passengers and dedicated spaces for the disabled.The event included several working group sessions to share best practices and discuss various issues ranging from the implementation of digital technology, railway human resource development, digital marketing, service transformation, to the application of high-tech railways like high-speed trains.KAI CEO Didiek Hartantyo stated that the goal of the 44th ARCEOs’ Conference is to strengthen relationships and cooperation among railway operators and industry stakeholders in ASEAN. Didiek emphasized that working together allows for achieving greater accomplishments and truly realizing the ASEAN spirit of mutual benefit, shared success, and resilience in facing various challenges."This year, our theme is 'Driving Sustainability with Digital Innovation.' We believe this theme stems from the global challenges we face, including the urgent need to address climate change, improve operational efficiency, and meet the growing demand for more sustainable transportation options. Additionally, advancements in technology and changes in customer demands play a significant role in shaping our focus," Didiek said.Delegates had the opportunity to experience the Whoosh train from Padalarang Station in Bandung, West Java, to Halim Station in Jakarta, followed by a tree planting activity. In addition to Whoosh, delegates had the chance to ride the Panoramic Train, designed to offer panoramic views along the journey with large windows on both sides.Furthermore, to support environmental sustainability and digital innovation, KAI deployed electric vehicles during the ARCEOs’ Conference, provided eco-friendly souvenirs, and used an app as an information platform throughout the event."We believe this conference will not only strengthen cooperation among railway operators but also promote sustainability and digital innovation in the spirit of ASEAN unity. Together, we can build a future where railways connect our nations and support ASEAN's growth and success," concluded Didiek.For more information, please contact: Anne Purba VP of Public Relations PT Kereta Api Indonesia (Persero) Email: anne@kai.id Copyright 2024 ACN Newswire via SeaPRwire.com.

HONG KONG, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - The Fashion Hong Kong Runway Show rounded off the first day of CENTRESTAGE, the annual Asian fashion extravaganza, last night (4 September).  Building on the previous year's fusion of fashion and ballet, this year's event took interdisciplinary collaboration one step further, enlisting Weeds of Fire director Steve Chan to narrate the latest collections of four Hong Kong fashion brands – ANGUS TSUI, röyksopp gakkai, selfFab. and Z I D I – through cinematic storytelling, inviting the audience to explore the fashion realm from a new perspective.The show received enthusiastic acclaim from a multitude of industry professionals, celebrities and fashion enthusiasts. Notable attendees included Jennifer Yu, Alfred Hui, Philip Ng and Karl Ting.Organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA), CENTRESTAGE is now in full swing, running until 7 September at the Hong Kong Convention and Exhibition Centre. This year's fashion showcase brings together participants from 18 countries and regions and features a record-breaking 250 local and international brands. For the first time, the event spans four days and offers free admission for fashion buyers and members of the public to explore and shop.Photo download: https://bit.ly/4fXbqQdCelebrities at the Fashion Hong Kong Runway ShowJennifer Yu(wearing ANGUS TSUI)Alfred Hui(wearing ANGUS TSUI )Philip Ng(wearing selfFab.)Karl Ting(wearing ANGUS TSUI )(wearing Z I D I)Gigi & Sabrina Cheung(wearing röyksopp gakkai)ANGUS TSUI (Designer: Angus Tsui), Spring/Summer 2025 Collection  Brand: ANGUS TSUI; Collection: GIGERPaying homage to the surrealist painter, sculptor and designer HR Giger, renowned for his contributions to the Alien film, Tsui’s latest collection blends futuristic elements with a sustainable ethos, embodying the brand's dedication to environmental conservation and design ingenuity.röyksopp gakkai (Designer: Chan Brun), Spring/Summer 2025 Collection  Brand: röyksopp gakkai; Collection: citta-matraThe collection draws inspiration from the 1990s’ Japanese magical girl manga series Hime-chan's Ribbon created by Megumi Mizusawa, combining fashion with fantasy through the illustrations of artist Han Teng, creating a unique and dreamy collection through vintage handkerchief patchwork.SelfFab. (Designer: Menu Tsai), Spring/Summer 2025 Collection Brand: SelfFab.; Collection: RE-SYNTHDELICThe RE-SYNTHDELIC series draws inspiration from 1980s’ electronic music, merging uniform aesthetics with electronic music elements. The designs range from sportswear to everyday uniforms like school and work attire, symbolising a shift from routine conformity to celebrating liberation, breaking free from uniformity and expressing individuality through the incorporation of electronic music elements.Z I D I (Designer: Nathan Moy), Spring/Summer 2025 Collection  Brand: Z I D I; Collection: Escher = mc2The series draws inspiration from Albert Einstein's iconic equation and Escher's infinite staircases, incorporating unexpected twists in each piece, disrupting traditional notions of functionality and challenging the wearer's perception of clothing, transcending the ordinary. WebsitesCENTRESTAGE: www.centrestage.com.hkCENTRESTAGE buyer online registration: https://bit.ly/3QNzd7M Fashion Hong Kong: https://www.fashionhongkong.com.hk/enHong Kong Young Fashion Designers' Contest (YDC): www.fashionally.com/enMedia enquiriesBest Crew Public Relations & MarketingDiana Tang         Tel: (852) 9199 6723          Email: diana.tang@bestcrewpr.comReni Kwok          Tel: (852) 6291 4283          Email: reni.kwok@bestcrewpr.comHKTDC’s Communications & Public Affairs Department:Snowy Chan        Tel: (852) 2584 4525         Email: snowy.sn.chan@hktdc.orgTo view press releases in Chinese, please visit http://mediaroom.hktdc.com/tcAbout Fashion Hong KongFashion Hong Kong is a series of international promotional events organised by Hong Kong Trade Development Council (HKTDC) to promote Hong Kong fashion designers and labels in the global fashion arena.Since 2015, Fashion Hong Kong has actively participated in international fashion weeks and renowned events to showcase Hong Kong’s unique and diversified designers, with footprints in New York, London, Paris, Copenhagen, Tokyo, Seoul and Shanghai.About HKTDC The 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. About Cultural and Creative Industries Development Agency (CCIDA)The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan.CCIDA’s website: www.ccidahk.gov.hk.Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee. Copyright 2024 ACN Newswire via SeaPRwire.com.

HONG KONG, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - A new report has found that 99% of mainland-based businesses have made a commitment towards sustainable investment over the next three years. Hong Kong has emerged as their first choice for sourcing the necessary range of related professional services.The findings come as part of Seizing Opportunities in China’s Sustainable Investment, a joint research report published today by the Hong Kong Trade Development Council (HKTDC) and the Association of Chartered Certified Accountants (ACCA).Hong Kong: Key facilitator of sustainable developmentThe report was compiled after the two organisations surveyed 283 companies on their medium-term sustainability objectives. The research programme, which also included in-depth interviews with key industry representatives, aimed to evaluate the progress made by China-based businesses, as they align themselves with the Central Government's environmental priorities and explore the possibilities offered by green financing.Commenting on the significance of the survey, Irina Fan, Director of HKTDC Research, said: ‘As Asia’s leading green finance hub, Hong Kong has the potential to make a significant and lasting impact on Mainland China’s move to an ever more sustainable and environmentally friendly future.’‘With the city’s own progress to establishing itself as an international green finance and technology centre gathering pace, it is gratifying to see that its success to date is being widely recognised across the mainland. This vote of confidence confirms we are on the right trajectory to work with businesses throughout the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), within China as a whole and along the Belt and Road countries/economies.’Christina So, Head of ACCA Hong Kong and GBA Lead, said: ‘This study has delivered invaluable insights into the evolution of sustainable business practices in China, making it an essential reference tool for anyone looking to explore business opportunities throughout the country. It also underscores the need for a high standard of competence and a clear understanding of the sustainability agenda among finance and accounting professionals, something that we at ACCA are committed to delivering.’Healthy sustainable business practicesAnother key research finding was that the vast majority of survey participants are prioritising meeting the government’s policy objectives in the environmental impact space, especially with regard to substantially reducing carbon emissions.Many companies also highlighted other benefits of adopting greener business practices, including enhanced access to green finance and establishing positive brand values on an international basis.Barriers to sustainable investmentDespite the overwhelmingly upbeat sentiment with regard to adopting and implementing green protocols, many research respondents also reported ongoing challenges. These challenges are often slowing the rate at which agreed measures can be fully actioned. Chief among these concerns are cost pressures – cited by 82% of respondents – with an expectation that any return on investment in enhanced sustainability practices may not be evident in the short term.While many respondents were enthusiastic about exploring green financing, there was also uncertainty over how best to access these channels. Regardless of this, some 70% of respondents agreed that they were considering using a green financing channel to meet their future needs.Responding to the challenges facing the mainland business community, Wing Chu, Principal Economist of the HKTDC, said: ‘Despite the cost pressures highlighted, a major proportion of corporations is committed to investing in sustainability practices as a way to generate long-term value.’‘Interestingly, only a smaller fraction currently perceives the lack of knowledge and talent as challenges. However, they are keen on tapping into green financing to address their future needs. This approach is especially noteworthy, as numerous corporations are set to expand their investment in China and are committed to executing this growth sustainably.’Opportunities in green financingThe awareness of green financing options in China is still relatively low, with some 47%-56% of respondents indicating a lack of familiarity with many of the available options. Some 71% of respondents, however, maintained that they were willing to make wider use of green financing channels, including green loans and green bonds, while reducing their reliance on traditional financing options.Detailing how the local professional services sector has evolved to meet these challenges, Sam Chen, Regional Lead, Policy & Insights for ACCA China, said: ‘As businesses increasingly prioritise sustainable practices, understanding the local context and utilising green funding and technology has become crucial. There is now a wider understanding that a comprehensive approach to sustainability is essential, if businesses are to progress towards a more sustainable future, while continuing to deliver in value terms.’Respondents and interviewees for this research report were drawn from ACCA’s member community in China, which comprises finance professionals across a variety of key sectors, working at the forefront of an ever-changing business landscape.To further capture the green opportunities along the region, the Government of the Hong Kong Special Administrative Region (HKSAR) and the HKTDC are organising the ninth edition of the Belt and Road Summit, which will be held at the Hong Kong Convention and Exhibition Centre on 11-12 September.The event will gather green and ESG experts to facilitate knowledge exchange and cooperation on green development and sustainable finance, while showcasing Hong Kong's green industry capabilities globally. Under the theme of Building a Connected, Innovative and Green Belt and Road, there will be thematic breakout sessions on green development, infrastructure and financing.Seizing Opportunities in China’s Sustainable Investment (full report):https://research.hktdc.com/en/article/MTc5MTE4NzAzOQPhoto download: https://bit.ly/3z7laqvThe HKTDC and the ACCA today jointly released a research report entitled Seizing Opportunities in China’s Sustainable Investment. The press conference was chaired by (from right to left): Wing Chu, Principal Economist of the HKTDC; Irina Fan, Director of HKTDC Research; Christina So, Head of Hong Kong and GBA Lead, ACCA; and Sam Chen, Regional Lead, Policy & Insights – China, ACCAMedia 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.orgACCAJacqueline LamTel: (852) 2973 1106Email: jacqueline.lam@accaglobal.comHKTDC 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.     About ACCAWe are ACCA (the Association of Chartered Certified Accountants), a globally recognised professional accountancy body providing qualifications and advancing standards in accountancy worldwide.    Founded in 1904 to widen access to the accountancy profession, we’ve long championed inclusion and today proudly support a diverse community of over 252,500 members and 526,000 future members in 180 countries. ACCA now has over 29,000 members and 125,000 future members in China, with representative offices and contact points in 11 cities including Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Shenyang, Qingdao, Wuhan, Changsha, Hong Kong SAR and Macau SAR.ACCA's unwavering commitment to building sustainable economies is at the heart of our global vision. Through our policy positions and insights, we strive to inform and influence decision-makers, promote ethical and responsible business practices, and support the transition to a better future.    Find out more at accaglobal.com/hk or follow ACCA Hong Kong on social media: www.facebook.com/ACCA.HongKong | www.instagram.com/acca_hk | www.linkedin.com/showcase/acca-hong-kong | WeChat ID: ACCA_China Copyright 2024 ACN Newswire via SeaPRwire.com.

HONG KONG, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) - As the Hong Kong Observatory has announced that the Tropical Cyclone Warning Signal No. 8 will be issued at 6:20pm, CENTRESTAGE, Hong Kong Watch & Clock Fair and Salon de TIME will be closed by that time.If the Tropical Cyclone Warning Signal No. 8 is cancelled at or before 2:00 pm on 6 September, the fairs will re-open two hours after the signal is cancelled, and the fairs’ opening hours for the remaining period will be extended to 7:30pm (Friday) and 7:00pm (Saturday).The fairs, however, will remain closed for the day if the Tropical Cyclone Warning Signal No. 8 is cancelled after 2:00 pm on 6 September.Websites:CENTRESTAGE: www.centrestage.com.hkCENTRESTAGE buyer online registration: https://bit.ly/3WYjnNIFashion Hong Kong: https://www.fashionhongkong.com.hk/enHong Kong Young Fashion Designers' Contest (YDC): www.fashionally.com/enHong Kong Watch & Clock Fair: https://www.hktdc.com/event/hkwatchfair/enSalon de TIME: https://www.hktdc.com/event/te/enMedia enquiries:CENTRESTAGEBest Crew Public Relations & Marketing:Diana Tang              Tel: (852) 9199 6723          Email: diana.tang@bestcrewpr.comReni Kwok               Tel: (852) 6291 4283         Email: reni.kwok@bestcrewpr.comHKTDC Communications and Public Affairs Department:Snowy ChanTel: (852) 2584 4525Email: snowy.sn.chan@hktdc.orgHong Kong Watch & Clock Fair, Salon de TIMEJohnny Tsui  Tel: (852) 2584 4395Email: johnny.cy.tsui@hktdc.orgBubble MaTel: (852) 2584 4369Email: bubble.ma@hktdc.orgTo view press releases in Chinese, please visit http://mediaroom.hktdc.com/tcAbout HKTDCEstablished in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With more than 50 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With over 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing business insights and information via trade publications, research reports and digital channels including the media room. For more information, please visit: http://www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.

Kuala Lumpur, Sept 5, 2024 - (ACN Newswire via SeaPRwire.com) -  Banle Group (NASDAQ: BANL) (“Banle” or “the Group”), a reputable marine fuel logistic company based in the Asia Pacific, announced today it will file its Interim report on Form 6-K for the year ended June 30, 2024 on Thursday, September 12, 2024.Banle Group will host a webcast on Friday, September 13, 2024, at 10:00 am HKT or Thursday, September 12, 2024, at 10:00 pm ET. Company management will discuss the Group’s business strategies and recent developments at the webcast.Company management attending:Mr. Teck Lim Chia – Chairman & Chief Executive OfficerMr. Raymond Chiu – Chief Financial OfficerMs. Venus Zhao – Investor Relations & Public Relations DirectorRegistration for the webcast is now open. Analysts and investors who wish to join the webcast are invited to register via the following link: https://webcast.roadshowchina.cn/SHMrSGhud1hrRTZTNmRkZ0dMb09Hdz09- End -About the Banle GroupCBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in over 60 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam, as of August 28, 2024. The Group actively promotes the use of sustainable fuels and is awarded with the ISCC EU and ISCC Plus certifications.For more information about our company, please visit our website at: https://www.banle-intl.comMedia InquiriesCBL International LimitedEmail: investors@banle-intl.comStrategic Financial Relations LimitedShelly Cheng    Tel:(852) 2864 4857Iris Au Yeung   Tel:(852) 2114 4913Email:          sprg_cbl@sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.