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- HuaTangNing completed its first full year for reimbursement under the National Reimbursement Drug List (NRDL), with continued expansion in hospital coverage. Compared with the 2023 year, sales volume increased by approximately 740%.- Sales revenue increased by 234% compared with the 2023 year, with cash reserves exceeding RMB 1 billion to fully support future R&D and commercialization activities.- A Phase I clinical study of our second-generation GKA, a once daily oral therapy, successfully completed in the United States. Our dorzagliatin-metformin fixed-dose combination formulation progressed smoothly and our product pipeline continued to advance and expand.- The Mendelian Randomization studies of human genetic data provided scientific evidence to support the exploration of glucokinase activation in diabetic complications and new clinical indications.- Manufacturing capacity of dorzagliatin continued to expand to meet growing market demand.- The establishment of Hua Medicine’s pharmaceutical sales and marketing team resulted in significant sales growth in the first two months of 2025, opening a new model of innovative drug commercialization.SHANGHAI, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - Hua Medicine (“the Company”, Hong Kong Stock Exchange Stock Code: 2552) announced the audited full-year results of the Company and its subsidiaries for the year ended December 31, 2024 (the “Reporting Period”), along with the Company’s business progress in 2024 and future business outlook. Hua Medicine has made significant strides in the commercialization of its core product, the glucokinase activator (GKA) dorzagliatin (trade name: HuaTangNing,  as well as in R&D innovation and manufacturing capacity optimization, laying a solid foundation for the Company’s long-term sustainable development.Dr. Li Chen, Founder and the Chief Executive Officer of Hua Medicine, stated: “In 2024, HuaTangNing’s market performance was very encouraging. Its inclusion in the NRDL greatly enhanced the accessibility and affordability of this innovative drug, enabling more diabetes patients to benefit. In 2025, Hua Medicine established a pharmaceutical sales and marketing team, and HuaTangNing demonstrated strong growth momentum at the start of the year. With further market expansion and increasing patient awareness, we are confident in HuaTangNing’s market growth.”“Looking ahead, the Company will continue to explore HuaTangNing’s potential in personalized diabetes treatment and diabetes complications globally. By integrating big data and artificial intelligence technologies, we aim to expand our disease areas into immune homeostasis and neural homeostasis. We are confident with the close collaboration of Hua Medicine and its partners across the pharmaceutical R&D, production, and distribution chain, we can enable more patients to access and benefit from Chinese medicines, accelerating progress in realizing our vision ‘China leading pharmaceutical innovation to advance human health.’”Summary of Clinical Research and Operational Progress- Significant Revenue Growth, Strong Market Performance of HuaTangNing, and Positive Patient Feedback- 2024 marked the first full year for which our HuaTangNing was reimbursed under the National Reimbursement Drug List (“NRDL”) in China. Sales revenue increased by 234% to RMB255.9 million for the fiscal year 2024 compared with the same period in 2023.  During the fiscal year 2024, HuaTangNing was sold in approximately 2,700 hospitals across China. As of December 31, 2024, Hua Medicine maintained a strong balance sheet with a cash balance of RMB1,139.8 million to support its full-scale commercialization, business development and R&D functions.- Since the launch of HuaTangNing in the fourth quarter of 2022, our pharmacovigilance team has been diligently monitoring the safety of dorzagliatin in the China market, and was recently recognized by the National Adverse Drug Reaction Monitoring Center as a national example for the pharmaceutical industry. As of December 31, 2024, Hua Medicine had monitored approximately 150,000 patients who have been prescribed HuaTangNing, and dorzagliatin has been observed to be safe and well tolerated by patients.- Effective January 1, 2025, Hua Medicine assumed full responsibility for the commercialization of HuaTangNing in China from its former sales and marketing partner, Bayer Healthcare Company Limited (“Bayer”). We recruited Mr. Lu Yu, a seasoned pharmaceutical sales executive with over 20 years of diabetes commercialization experience in China, to lead our sales and marketing efforts.- For the two months ended February 28, 2025, Hua Medicine sold approximately 592,000 packs of HuaTangNing, representing approximately RMB73.2 million in net sales. During the same period in 2024, approximately 202,000 packs of HuaTangNing were sold, representing approximately RMB24.5 million in net sales, The difference represents a significant increase in sales over a period during which the price per pack remained the same. This demonstrates a smooth transition of HuaTangNing’s commercialization in China from Bayer to Hua Medicine, with reinvigorated growth momentum.- Upon the termination of the Exclusive Promotion Service Agreement, the unamortized contact liabilities amounting to RMB1,243,499,000 were released to profit or loss, and will be recognized as a gain in 2025 by the Group. Both parties have confirmed in a signed letter that there are no outstanding matters arising from such termination, nor does either party owe the other party any obligation or liabilities from such separation.- Steady Progress in R&D Innovation, Continuously Enriching Product Pipeline- Hua Medicine made significant headway in preparing the future expansion of our glucokinase-targeted, glucose homeostasis-centered therapy into the international markets, specifically the United States. We successfully completed and announced the results of its single-ascending dose (“SAD”) study in the United States of our second generation GKA (HM-002-1005), in which we validated the feasibility of dorzagliatin as a once daily oral therapy for Type 2 diabetes (“T2D”) patients. We are currently developing the clinical dosage form for advancement of HM-002-1005 in a clinical proof-of-mechanism study.- Hua Medicine also made significant progress in developing fixed-dose combination formulations. The Company has been advancing its dorzagliatin-metformin fixed-dose combination product candidate into commercial dosage development, with process validation expected to be completed in 2025.- Based on human genetic data collected from studies of patients administered with dorzagliatin, the Mendelian Randomization methodology has been applied to predict the beneficial effects of dorzagliatin on related and significant diabetes complications, such as reduction in heart failure, coronary artery disease, memory loss and dyslipidemia. In addition, a separate Mendelian Randomization study provided genetic evidence supporting the causal effects of glucokinase activation on lowering the risk of frailty. These findings suggest that glucokinase activators may aid in the management of frailty and sarcopaenia in people with diabetes. We will continue our research and development efforts to explore new indications.- Through our SENSITIZE 3 clinical study in Hong Kong, Hua Medicine is advancing the potential of dorzagliatin in prediabetes, early treatment and prevention of Type 2 diabetes. In contrast with the approved 75mg dosage form of HuaTangNing, the Company is testing new 25mg and 50mg dosage formulations to explore these potential new indications. The Company is also supporting an investigator-sponsored trial in testing dorzagliatin’s efficacy in treating MODY-2 patients who suffered from genetic mutations that de-activated glucokinase. Early studies in humans by renowned diabetes experts Dr. Juliana Chan and Dr. Linong Ji have indicated the benefit of dorzagliatin in MODY-2 patients by improving their β-cell functions and glycemic control.- Hua Medicine is also advancing the combination of dorzagliatin with GLP-1RA, DPP-IV inhibitors and SGLT-2 inhibitor through combined effects in collecting real-world evidence and proof-of-concept studies in animal models. The synergy between dorzagliatin with these agents has the potential to expand our indication into other diseases in metabolic disorders, such as obesity and MASH. - Hua Medicine will continue our engagement in diabetes prevention, opportunities in longevity and prevention of memory loss and eventually find a new way to increase healthy life span and longevity in humans.- Continued Expansion of Manufacturing Capacity, Plans to Launch Dorzagliatin in New Markets- Hua Medicine continues to invest in expanding its manufacturing capacity to meet anticipated market needs in 2026 and 2027.- Hua Medicine is also finalizing and preparing to submit registration applications for dorzagliatin to launch commercialization in the Macau and Hong Kong markets. We plan to submit both applications in 2025.- Hua Medicine continues to strengthen its intellectual property protection globally. As of December 31, 2024, the Company owned more than 200 granted patents covering its proprietary technology worldwide.Business outlook- There is a great opportunity for dorzagliatin and our 2nd generation GKA in China and the global oral anti-diabetes market. - We will strengthen our own commercialization efforts through hub and spoke development with focus on building up a strong internal sales and medical marketing organization to drive business growth in 2025. This will allow us to rebuild our strong connections directly to the medical community and better promote HuaTangNing in China and surrounding areas.- We continue to invest into digital technology platforms to create synergies across functions and enhance branding opportunities using AI technology.- We are working on the registration of dorzagliatin in HK and Macau region and engage partnerships in Southeastern Asia and Belt and Road nations. In addition, business development work on our 2nd generation GKA in regions with high incidences of obesity will be continued based on the initial success of the SAD study in the United States.Financial SummaryFor the year ended December 31, 2024:- Bank balances and cash position was approximately RMB1,139.8 million.- Total revenue was approximately RMB255.9 million, an increase of approximately 234% compared to the full year of 2023; approximately 2,105,000 packs of HuaTangNing were sold, an increase of approximately 740% compared to the full year of 2023.- Total other income was approximately RMB116.8 million, including approximately RMB95.7 million from the amortization of Bayer milestone income.- Total expenditures for the year was approximately RMB493.6 million, of which R&D expenses accounted for approximately RMB215.1 million.- Loss before tax was approximately RMB250.1 million, which was mainly attributable to the increase of selling expense and research and development expense.Forward-Looking StatementsThis document contains statements regarding Hua Medicine’s future expectations, plans, and prospects for the Company and its products. These forward-looking statements pertain only to events or information as of the date they are made and may change due to future developments. Unless required by law, we are not obligated to update or publicly revise any forward-looking statements or unexpected events after the date of such statements, regardless of new information, future events, or other circumstances. Please read this document carefully and understand that our actual future performance or results may differ materially from expectations due to various risks, uncertainties, or other legal requirements.About Hua MedicineHua Medicine (The “Company”) is an innovative drug development and commercialization company based in Shanghai, China, with companies in the United States and Hong Kong. Hua Medicine focuses on developing novel therapies for patients with unmet medical needs worldwide. Based on global resources, Hua Medicine teams up with global high-calibre people to develop breakthrough technologies and products, which contribute to innovation in diabetes care. Hua Medicine's cornerstone product HuaTangNing(dorzagliatin tablets), targets the glucose sensor glucokinase, restores glucose sensitivity in T2D patients, and stabilizes imbalances in blood glucose levels in patients. HuaTangNing was approved by the National Medical Products Administration (NMPA) of China on September 30th, 2022. It can be used alone or in combination with metformin for adult T2D patients. For patients with chronic kidney disease (CKD), no dose adjustment is required. It is an oral hypoglycemic drug that can be used for patients with Type 2 diabetes with renal function impairment.For more information Hua MedicineWebsite:www.huamedicine.comInvestorsEmail:ir@huamedicine.comMediaEmail:pr@huamedicine.comPress DisclaimerFor accuracy and completeness in context, information related to products marketed in China in this material, especially those identified or required, should comply with documents approved by Chinese regulatory authorities.Additionally, such information should not be interpreted as a recommendation or promotion of any drug or treatment, nor should it replace medical advice from healthcare professionals. For medical-related matters, please consult a healthcare professional. Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - Analogue Holdings Limited (“Analogue” or the “Company”, together with its subsidiaries, the “Group”) (stock code: 1977), a leading provider of electrical and mechanical (“E&M”) engineering solutions, and information and communications technology services for smart cities, today announced its annual results for the year ended 31 December 2024 (the “Year” or “FY2024”).Financial Highlights- Contracts-in-hand remained at a high level of HK$11,052.7 million- Revenue rose to HK$6,450.1 million, up 5.2% year-on-year- Adjusted profit attributable to owners of the company recorded HK$206.0 million 1 with a growth of 10.2% 2 year-on-year, excluding a one-off expense and provision- Total dividend for the year amounted to HK4.38 cents per shareChairman Dr Mak Kin Wah said, “Capturing opportunities from shifting market priorities towards intelligent and digital solutions, data centres, environmental engineering and climate solutions, hospitals, infrastructure, and housing, we maintained a high level of contracts-in-hand across the Group’s diverse scope of business, providing a strong underlying foundation for the business over the next two years and beyond; this was notwithstanding the challenges around the world and in Hong Kong during the year.ATAL Tower, our new headquarters, is a significant investment that demonstrates our confidence in the future and our commitment to Hong Kong. We will continue to leverage our expertise and strong financial position to take up additional opportunities in the Hong Kong market, and explore further business development in overseas markets. Our investment in research and development, and innovation will enhance our core strengths and competitiveness. We will tirelessly live up to our motto of ‘We Commit. We Perform. We Deliver.’, ultimately driving our sustainable growth, optimising value for shareholders and other stakeholders, and contributing to the wider community.”Business Review: Building Services- This segment is the largest revenue contributor, with revenue up 5.3% to HK$3,933 million.- The recurring maintenance revenue increased by 40.2% to HK$422 million.- Leadership in the innovative construction technology of Multi-trade Integrated Mechanical, Electrical and Plumbing (“MiMEP”) received a major boost during the year, not only with the award of significant contract for a Grade A office building in Causeway Bay with the highest level of MiMEP application at 85% for a commercial building, but also with the development of our own systematic MiMEP methodologies and solutions.- The “MiMEP Design and Manufacturing Centre” and “MiMEP High Productivity Research Centre” in Zhuhai, as well as other MiMEP manufacturing facilities in Hong Kong, were established to integrate our capabilities in the Greater Bay Area with cutting-edge technology from Hong Kong.Environmental Engineering- The order intake significantly increased by 107.4% to HK$1,514 million, with contracts won for environmental infrastructure needed to enhance climate resilience, environmental protection, sustainability of water supply and waste treatment, and support for public housing and utilities.- The segment actively extended its expert services around the world, including Teresa in the Philippines, Dubai and other parts of the world.Information, Communications and Building Technologies (“ICBT”)- The order intake increased 22.5% to HK$757 million, with contracts-in-hand up 13.8% to HK$959 million.- The segment actively collaborated with leading manufacturers worldwide and in Mainland China to expand its technology reach and deliver cutting-edge solutions in diverse sectors.Lifts and Escalators- There was a significant growth in order intake and revenue, up 48.5% to HK$548 million and up 39.9% to HK$529 million respectively.- The two recently acquired lift companies in the United Kingdom (“UK”) contributed to revenue growth and made progress in the UK business.- The associate in the United States turned from a loss to a profit in FY2024 and made progress in expanding its business into additional cities in the South.For further details of the 2024 Annual Results, please refer to the announcement filed with The Stock Exchange of Hong Kong Limited.Remark:1. Profit attributable to the owners of the Company was HK$135.3 million, including a one-off expense of approximately HK$23.1 million before tax for relocation to the new consolidated headquarters to realise enhanced efficiency and synergy across business units, and a provision for expected credit loss of HK$88.0 million before tax to reflect risks with the recoverability of certain receivables and contract assets held by the Group in relation to certain construction companies.2. When compared with the adjusted profit attributable to owners of the company of HK$186.9 million in FY2023, which excludes a one-off dilution gain before tax upon completion of a private placement by an associate in Mainland China, a gain on disposal of interest before tax in an associate, and a provision before tax in respect of certain contracts in the healthcare sector.About Analogue Holdings LimitedEstablished in 1977, Analogue Holdings Limited is a leading provider of electrical and mechanical (“E&M”) engineering solutions and information and communications technology (“ICT”) services for smart cities, with headquarters in Hong Kong and operations in Macau, Mainland China, the United States and the United Kingdom. Serving a wide spectrum of customers from public and private sectors, the Group provides multi-disciplinary and comprehensive E&M engineering and technology services in four major segments, including Building Services, Environmental Engineering, Information, Communications and Building Technologies (“ICBT”) and Lifts & Escalators.The Group also manufactures and sells Anlev lifts and escalators internationally and has entered into an alliance with Transel Elevator & Electric Inc. (“TEI”), one of the largest independent lifts and escalators companies in New York, the United States. The Group’s associate partner, Nanjing Canatal Data-Centre Environmental Tech Co., Ltd (603912.SS), specialises in manufacturing of precision air conditioners. Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - Baguio Green Group Limited ('Baguio' or the 'Group', Stock Code: 01397.HK) is pleased to announce its annual results for the year ended 31 December 2024 (the 'Year').Revenue for the Year amounted to approximately HK$2.60 billion, representing an increase of approximately 11.8% as compared to the same period last year. Profit for the Year amounted to approximately HK$56.5 million, representing an increase of approximately 17.3% as compared to the same period last year. The Board recommends the payment of a final dividend for the Year at HK$3.8 cents per share.Business Overview and ProspectsThe Group’s core business, cleaning services, recorded growth in the Year. Revenue from cleaning services increased by 14.2% to approximately HK$2,086.8 million, accounting for approximately 80.1% of the Group’s total revenue. The Group’s Government-related street cleaning services cover a total of seven districts, serving a population of approximately 2.8 million, marking Baguio’s leading position in the Hong Kong cleaning services market. During the Year, the Group’s mechanical street sweeping services covered various districts in Hong Kong. In addition, the Group provides cleaning services for Government markets, facilities, and leisure venues across various districts in Hong Kong. The Group’s other cleaning sites cover hospitals, Government clinics, Hong Kong International Airport, schools, housing estates and private institutions, demonstrating that the Group’s professional services are widely recognised.Waste management and recycling business recorded growth in revenue during the Year which increased by approximately 2.5% to approximately HK$285.8 million, accounting for approximately 11.0% of the Group’s total revenue. Gross profit of the waste management and recycling business increased significantly by approximately 58.2% to approximately HK$33.5 million, mainly due to the Government’s proactive promotion of recycling and the substantial expansion of the network of recycling spots, including those for food waste, which facilitated public participation and effectively stimulated collection. The Group continued to provide Government-related waste collection services to five districts, serving a population of approximately 1.6 million. In terms of recycling, the Group is contracted by the Environmental Protection Department (“EPD”) to provide collection services for thousands of recycling spots (including plastic, glass bottles, metals, waste paper and food waste) across Hong Kong, and is one of the market leaders. During the Year, the Group provided collection services for recycling bins in public places and schools. Baguio continued to provide plastic collection services for several districts under the EPD Plastic Recycling Pilot Scheme contract. Baguio also provides collection services for Recycling Stations of“GREEN@COMMUNITY”, introduced by the EPD, recycling convenience spots and smart recycling machines, and other institutions in Hong Kong. In addition, the Group also provides the Government with glass bottles collection and management services and food waste collection services in several districts in Hong Kong, and is one of the market leaders.Regarding green technology business, the Group has proactively developed its green technology business and successfully launched a one-stop smart recycling system by integrating smart digital technologies, big data analysis and Internet of Things technologies. Users can accurately understand the amount of recycling through real-time data, which helps to schedule timely transportation and reduce logistics costs and carbon emissions. During the Year, the Group won two smart contracts from the EPD (in relation to provision of smart food waste recycling machines and smart balances, respectively), demonstrating the Group’s outstanding capabilities in product innovation, research and development, and leading market position in the green technology sector as well as its alignment with Hong Kong’s goal of becoming a smart city. The Group’s existing green technology products including smart recycling machines, smart food waste recycling machines, and smart balances contributed to the Group’s revenue during the Year, and are widely used in Government organizations, public housing and private residential estates, shopping malls, universities, hospitals, large-scale exhibition centers, etc. It not only provides convenient recycling experience to the public but also improve the recycling efficiency, thus supporting the sustainable development of Hong Kong.In partnership with Jardine Engineering Corporation Limited, the Pilot Biochar Production Plant at the EcoPark in Tuen Mun was commenced trial operation during the Year. By converting yard waste into high-quality biochar with pyrolysis technology for various applications, the production plant effectively “turns waste into useful resources”.The Group provides landscaping services for a wide range of clients, including large private residences, Government premises, schools, shopping malls, hotels, airports, Hong Kong Housing Authority, Hong Kong Jockey Club, Hong Kong Science Park, the University of Hong Kong, Hong Kong University of Science and Technology and Lingnan University, etc. The newly awarded contracts won by the Group during the Year coversHong Kong-Shenzhen Innovation and Technology Park, microparks in Yau Ma Tei and Mong Kok, and the Tung Chung New Town Extension (West).For pest management business, the Group continued to provide pest management services in Wong Tai Sin and Tai Po districts during the Year. In addition, the Group provided termite control and monitoring services to 29 monuments under the Antiquities and Monuments Office and 24 temples under the Chinese Temples Committee respectively.As of 31 December 2024, the Group’s contracts on hand amounted to approximately HK$3.89 billion, providing considerable revenue for subsequent years.With the orderly implementation of the “market-led” approach in Producer Responsibility Scheme on Plastic Beverage Containers and Beverage Cartons, the Group considers that the measure provides economic incentives to encourage citizens to proactively participate in recycling, which is expected to stimulate the recycling rate of plastic beverage containers and cartons, promote the healthy development of the recycling industry, and help build a circular economy and green industry in Hong Kong.In addition, the Group was awarded a service contract from the Food and Environmental Hygiene Department (“FEHD”) to supply solar-powered smart collection bins after the Year. According to the Government’s information, the FEHD plans to install a variety of waste collection facilities at around 300 locations by the end of 2026, including the solar-powered compacting refuse bins with an aim to further optimize waste collection in rural areas and improve environmental hygiene. The Group’s product is designed with a focus on sustainability and smart technology, tailored to meet the needs of different scenarios in Hong Kong, with the goal of enhancing waste collection quality, supporting smart city development, and creating a livable environment.As The Stock Exchange of Hong Kong Limited requires listed companies to enhance climate-related disclosure, it is believed that to drive an increasing demand for the Group’s ESG-related business.Looking forward, the Group will consolidate the market share of its core businesses and actively engage in expansions in Hong Kong and international markets and explore mergers and acquisitions, joint ventures and new business opportunities to drive business growth and create long-term value for the shareholders.For details of the Group's 2024 annual results announcement, please visit the following website:https://www.baguio.com.hk/en/investor/notices/About Baguio Green GroupEstablished in 1980, Baguio Green Group (Stock code: 01397.HK) is one of Hong Kong’s largest integrated environmental management solution providers. It provides a full spectrum of professional services including professional cleaning, waste collection & recycling, waste management, green technology, green products, horticulture & landscaping, and pest control. The Group delivers innovative environmental solutions using the latest technologies to serve a wide range of customers in various sectors including Government departments, statutory organizations and multinational corporations. Fully committed to ESG, the Group works relentlessly to advance sustainable development and create a cleaner, greener, healthier city for a greener tomorrow.For further information, please contact:Baguio Green Group LimitedInvestor Relations DepartmentTel: (852) 2541 3388Email: ir@baguio.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.

Industry leaders converge to explore technology-driven strategies for enhancing customer experiencesBENGALURU, INDIA, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - In a world where customer experience (CX) is increasingly defining business success, the Bengaluru edition of Team Marksmen Network's CX Transformation Conclave 2025 scheduled for 21st March, 2025 at Taj Vivanta, Bengaluru, proved to be a beacon of insight and innovation. Bringing together an array of industry stalwarts and forward-thinking leaders, the event delved into the transformative power of technology in shaping exceptional customer journeys, offering actionable strategies to future-proof businesses.As India continues to climb the global CX maturity ranks — standing third worldwide and leading the Asia-Pacific region, according to an industry report — the conclave highlighted the immense potential that lies in crafting thoughtful, technology-enabled customer experiences.However, despite 79% of Indian firms acknowledging CX as a revenue driver, only 17% have achieved the elusive goal of providing "exceptional" customer service. The event set out to bridge this gap, serving as a platform for industry experts to exchange ideas and chart a path toward customer-centric innovation.The day featured a series of engaging keynote addresses, panel discussions, and interactive sessions that covered diverse facets of CX transformation. Attendees gained insights into the power of omnichannel strategies, where the seamless integration of digital and physical touchpoints ensures continuity and consistency in every customer interaction. The role of emerging technologies such as artificial intelligence, machine learning, and predictive analytics was also explored, with experts showcasing how these innovations can unlock personalised, real-time experiences that resonate deeply with consumers.One of the key takeaways was the importance of balancing innovation with empathy. While technology offers endless possibilities for personalisation and efficiency, the human element remains crucial. Speakers emphasised that businesses must strive to forge genuine connections with customers, understanding their needs, emotions, and expectations to deliver experiences that are not just satisfying but truly memorable.Throughout the event, the importance of measuring and optimising CX investments was underscored. Experts shared frameworks for tracking the impact of CX initiatives on key metrics such as customer lifetime value, retention rates, and revenue growth, ensuring that businesses can continually refine their approaches for maximum impact.This industry-centric platform was brought to life by its industry partners, namely Presenting Partner NICE, AI Transformation Partner Exotel, and Associate Partner Ubona Technologies.The CX Transformation Conclave also saw a select cross-section of eminent organisations lauded for their trailblazing CX efforts. This included:Ather Energy LimitedBrick and Bolt - home and commercial constructionCashfree PaymentsElectrolux India Private LimitedFirstsourceFlipkartForce PointInfosys FinacleITC InfotechITC LimitedKapiva AyurvedaLTIMindtreePrestige GroupXiaomi Technology India Private LimitedReflecting on the event's impact, Rajesh Khubchandani, Co-Founder and MD, Team Marksmen Network, said, "The insights shared at the CX Transformation Conclave reaffirmed that customer experience is more than just a business strategy — it’s the heart of every successful organisation. Technology is an incredible enabler, but true transformation lies in embracing a customer-first mindset at every level. Our goal with this event was to bring together brilliant minds to explore the future of CX and empower businesses to harness innovation in creating meaningful, lasting connections with their customers."As the curtains closed on yet another successful edition of the CX Transformation Conclave, one thing was clear: the future of customer experience lies in a harmonious blend of technology, empathy, and continuous evolution. The insights shared and connections forged at the event are sure to inspire a new wave of customer-centric innovation, positioning businesses to thrive in the ever-evolving experience economy.About Team MarksmenThrough an array of bespoke industry-centric knowledge platforms, using a variety of formats, such as Roundtables, Summits & Conferences, Workshops, and Recognition Ceremonies, Team Marksmen helps senior industry decision makers navigate through issues of critical importance and informs their world-view for better decision-making.Team Marksmen has successfully executed more than 50 events that have featured 1500+ brands, helping businesses across industries create opportunities to engage audiences through on-ground and virtual experiences.  The organisation empowers industry leaders by providing them with insights, ideas, and opportunities that fits their unique industry and context. Through content shared via its flagship website, Marksmen Daily, and print magazine ‘in Focus’ focused on business, leadership, and lifestyle, they help advance the practice of management. Meanwhile, through strategic initiatives like Marksmen Media, it helps organisations achieve their objectives through a plethora of bespoke digital and content strategies.To know more about this unique initiative, write to us at contact@teammarksmen.com. Copyright 2025 ACN Newswire via SeaPRwire.com.

DUBAI, UAE, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - Vibe Marketing Tech Fest – the Middle East’s largest marketing technology summit, will take place on April 23 and 24, 2025, in Dubai, UAE.Digitalisation has revolutionised how customers engage with brands, transforming the traditional linear funnel into an intricate web of touchpoints. Today’s customer journey is dynamic, interconnected, and far from predictable.Marketers must now navigate a landscape where customer expectations are higher, attention spans are shorter, and engagement spans across multiple platforms and moments.The 16th global edition of  Vibe Marketing Tech Fest (VMF) will delve into these challenges, offering insights, strategies, and Martech solutions that empower modern marketers to adapt, innovate, and thrive in this new reality.The theme will focus on the convergence of marketing technologies, ad technologies, and ad journeys and explore how marketers need to adapt, be dynamic, and incorporate customer-centricity into their approach.Marketers must leverage the power of real-time data and technology to comprehend where a customer changes trajectory and what influences their decisions in doing so. “Customers are discerning and any disruption in convenience can hamper the path to conversions. Brands must adapt to fragmented and dynamic paths to purchase, driven by real-time data and emerging AI capabilities. Vibe Marketing Tech Fest puts the spotlight on the consumer, and how brands can navigate the changing technology landscape to deliver this convenience. With this edition, we have added themes like app marketing, ad tech integration, growth, digital marketing and retail media networks,” said Sanjay Swamy, Director at Martechvibe.Top conversations at VMF 2025 will cover:Engagement, Apps & SocialAI, Automation & TechMartech, Adtech & DataBrand Growth & RetentionThe conversations at VMF tackle real-world challenges affecting marketers today, with a look at preparing for possible scenarios in the near future. Rajesh Verma, General Manager, Middle East, Epsilon said, “We need forward-facing platforms like these to help dispel the myths that surround marketing and tech in the Middle East. Take retail media as an example; many believe retail media strategies rely solely on online behaviour and demographics, overlooking the power of transactional data, or that retail media only occurs on a retailer’s website. These gatherings provide an opportunity to educate marketers on the true potential of new media opportunities, and how to avoid the pitfalls. They foster important connections that place attendees in a much better position to navigate the complexities of the evolving landscape.”Richard Shotton, Founder of Astroten, a behavioural science consultancy and author of The Choice Factory and The Illusion of Choice, will deliver the keynote on how human decision-making remains remarkably constant in an evolving technology landscape in his session titled The Enduring Power of Behavioural Science. “It’s increasingly common to see brands and agencies incorporate consumer psychology as part of their process, although it’s not often systematically applied. There’s still an over-reliance on intuition, or when research happens, it’s based on claimed data. For example, creative routes are tested by asking people which ads they think would make them purchase… It’s not that respondents deliberately mislead researchers, just that nobody is aware of all the elements that influence their decisions.  When asked, people don’t — in fact, can’t — tell you what motivates them. So, findings from a lot of market research can never uncover the whole truth. There’s still more headroom to align research with genuine motivation through the application of behavioural science.”Speakers like Scott Brinker, Sir Martin Sorrell, Brian Solis, Neil Patel, Darell Alfonso, Fernando Machado, David Raab, Rob Bloom, and Steve Lok have delivered rich sessions in the previous editions of the summit.This year’s speakers include Alexis Jean Baptiste - Chief Data & Analytics Officer | L'Oréal, James Dutton – Chief Product Officer  | UM MENAT, Mai Cheblak - Vice President Group Media & Social | Emirates NBD, Marwen Ben Messaoud - Head of Growth Middle East, Africa, South Asia |  Spotify, Matthew Horobin - Associate Director Customer Experience | Modon Holdings, Mustafa Bohra - Associate Director - Martech and Analytics | Careem, Nandakumar Vijayan - Global Director, Marketing & Communications | LuLu Group International, Oleg Nesterenko - Chief Marketing Officer | Storytel, Charlotte Davis | Acting Director of Retail Media | Majid Al Futtaim, Sohail Nawaz MBE -  Head of Retail Media | Landmark Group, Sevgi Gur - Chief Marketing Officer | Property Finder, Rishi Gupta - Regional Director: Middle East & Africa | Nothing, and many more.For more information, visit Vibe Marketing Tech Fest 2025.About VMFFounded in 2018, Vibe Marketing Tech Fest (VMF) is one of the world’s largest and most influential marketing tech conferences. It is the premier gathering for marketing, technology, product, CRM, revenue, and CX leaders. Designed to explore the latest trends, strategies, and cutting-edge tools shaping the marketing landscape, VMF serves as the ultimate platform where marketing pioneers connect with technology innovators.Join industry leaders as they network, exchange insights, and redefine the future of marketing through the power of technology.Media contact:Mrunalini Polmrunalini@vibeprojects.com  Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - CTF Life announced that its carbon reduction targets have been officially validated by the Science Based Targets initiative (SBTi). The result shows CTF Life’s commitment to decarbonisation and provides a set of measurements by which the company’s stakeholders can monitor its ongoing efforts.In October last year, CTF Life demonstrated leadership in advancing sustainability through science-based targets aligned with the Paris Agreement and became the first company from the Banks, Diverse Financials and Insurance sector that primarily operates in the Greater Bay Area to submit a carbon reduction commitment letter to the SBTi, a corporate climate action organisation that enables businesses worldwide to play their part in combating the climate crisis.CTF Life targets to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 37.8% by financial year (FY) 2029 (from the FY2023 base year).Additionally, within its Scope 3 emissions, CTF Life commits the following which covers 65% of its total investment and lending by assets:- To reduce the GHG emissions per MWh from the electricity generation sector within its listed equity and corporate bond portfolio by 59% by FY2029 (from the FY2023 base year), and- To have at least 44.8% of the invested value in its listed equity and corporate bond portfolio allocated to companies that set SBTi-validated targets by FY2029.Man Kit Ip, Executive Director and Chief Executive Officer of CTF Life, said: “At CTF Life, we recognise that climate action is both a critical responsibility and a powerful opportunity to inspire and drive meaningful change. CTF Life has been collaborating closely with CTFS to align our overall Net Zero 2050 ambition; the validation of our targets underscores our unwavering commitment to reducing emissions across our operations and investment portfolio. This milestone reaffirms our dedication to building a sustainable future while creating value beyond insurance for our stakeholders.”CTF Life will implement the following strategy and actions to achieve its targets:Decarbonisation levers for Scope 1 and 2 operational emissions:- Electric vehicles (EV) transition: Replace leased/owned fleet with EVs.- Energy efficiency: Explore opportunities to improve energy efficiency in the office buildings.- Purchase of renewable energy certificates: With priority focuses on exploring EV transition and energy efficiency, CTF Life may also explore the sourcing and purchase of renewable energy or renewable energy certificates (REC) from local energy suppliers, or International Renewable Energy Certificate (I-RECs) from Asia or other oversea markets to reduce the residual Scope 2 operational emissions, if no options are available within the same market.Levers for Scope 3 category 15 emissions:- Active ownership and engagement strategy: Implement engagement strategy with a phased approach to facilitate real world reductions.- Climate financing: Explore ESG-related products and climate financing opportunities.- Strategy and governance: Establish robust governance structure to drive climate actions.- Policy and advocacy: Explore opportunities for collaboration and partnership to scale impacts.CTF Life selected these actions because the above-mentioned decarbonisation levers are expected to have the most direct impacts on the company’s climate transition journey.As of June 2024, the company had already reduced its investment portfolio carbon footprint by more than 15% compared to baseline figures from June 2023. Additionally, CTF Life has invested over HKD3.5 billion in ESG-labelled bonds and decarbonisation impact funds, primarily focused on Asia, to support the region’s transition to a greener economy.About CTF LifeChow Tai Fook Life Insurance Company Limited (“CTF Life”) is proud of its rich, 40-year legacy in Hong Kong. CTF Life is a wholly-owned subsidiary of CTF Services Limited (“CTFS”) (Hong Kong Stock Code: 659) and one of the most well-established life insurance companies in Hong Kong. As a member of Chow Tai Fook Enterprises Limited, CTF Life consistently strengthens its collaboration with the diverse conglomerate of the Cheng family (“Chow Tai Fook Group” or “the Group”) to support customers and their loved ones in navigating life’s journey with personalised planning solutions, lifelong protection and diverse lifestyle experiences. By leveraging the Group’s robust financial strength and strategic investments across the globe, CTF Life aspires to become a leading insurance company in Asia while continuously creating value beyond insurance.Media enquiriesCTF Life Branding & Communications Deronie Tan +852 2591 8504deronie.tan@ctflife.com.hk Chow Tai Fook Life Insurance Company Limited (Incorporated in Bermuda with limited liability) Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - On March 26, CALB Group Co., Ltd. ("CALB" or "the Company," stock code: 3931.HK) announced its audited annual results for the year ended 31 December 2024 (the "Reporting Period").In 2024, with increasing economies of scale, the Company achieved solid growth in annual results. During the Reporting Period, the revenue of the Company increased from RMB27,005.89 million for the year ended 31 December 2023 to RMB27,751.53 million for the year ended 31 December 2024, representing an increase of 2.8%; the Company’s profit for the year increased from RMB437.16 million for the year ended 31 December 2023 to RMB843.63 million for the year ended 31 December 2024, representing an increase of 93.0%. The basic earnings per share of the Company increased from RMB0.1661 for the year ended 31 December 2023 to RMB0.3336 for the year ended 31 December 2024, representing an increase of 100.8%.As a leading international new energy company, the Company made comprehensive efforts in all market fields during the Reporting Period and achieved sustained rapid development. According to the latest statistics from SNE Research, the Company’s installed capacity of EV batteries in 2024 ranked fourth globally and third domestically. According to InfoLink, the Company’s energy storage cell shipments ranked fifth globally in 2024.In 2024, the Company deepened collaboration in domestic markets, achieving steady growth in installed capacity. During the Reporting Period, the Company’s solutions were integrated into 25 new vehicle models, cumulatively equipping over 2 million units nationwide, with an accumulated delivery volume exceeding 100GWh. In the field of pure electric vehicle, the Company successfully supported the upgrade, iteration, and mass production of flagship models for customers such as XPeng, Geely, Changan and GAC. Furthermore, the Company realized delivery in batches of new models for multiple joint venture brand, advancing the construction of a multi-dimensional market system; In the hybrid electronic field, the Company has accelerated collaboration on new hybrid projects with Geely and Leapmotor, while successfully supported the mass production of multiple hybrid models for customers such as Chery, Dongfeng, and BAIC, with the Company’s installed capacity continued to experience rapid growth, with a year-on-year increase of nearly 200%; In addition, in the international market, the Company accelerated its global layout and secured nominations from international brands such as Toyota, Honda, Volkswagen, and Audi, while continuously expanding its customer base in Europe and Southeast Asia. During the Reporting Period, the Company’s delivery volume steadily increased, with a growing variety of product types delivered. The Company’s overseas installed capacity grew by 105% year-on-year, hitting another record high. Furthermore, in the commercial vehicle market, the Company’s Annual New Vehicle increased by 150% year-on-year, while its domestic installed capacity grew by 85.2% compared to the same period last year, achieving comprehensive coverage of mainstream products and full-scenario empowerment. The Company has successfully penetrated leading customers such as Chery, Geely, Ruichi, Foton, Dongfeng, Changan, and King Long, providing comprehensive support and delivery for the industry’s mainstream models.In the energy storage market, the Company’s energy storage cell shipments surpassed 5GWh in a single month, and the business results in terms of shipments achieved a sustained substantial growth. The Company’s 314Ah battery cells products are the first in the industry to pass certification and the first to achieve large-scale and stable delivery in batches, earning high customer recognition for both product quality and delivery capabilities. During the Reporting Period, the Company achieved major breakthroughs in the international market, completed the admission process with a number of international top energy storage owners, EPCs, integrators and suppliers, enlisted in the whitelist of these customers, achieved the delivery in batches. As a supplier of high-performance energy storage cells, the Company secured and delivered the entire 7.8GWh order for the world’s largest energy storage project in 2024, and successfully launched its first self-invested power station project. At the same time, the Company's achievements in the ship market are equally significant. the Company secured the first electric vessel project from the world’s largest oil company. Additionally, the Company won its first international order for a megawatt-level marine battery system, achieving a breakthrough in the “offshore engineering vessel” sector. The Company’s electric vessels also gained traction with batch orders at Singapore’s port, while successfully penetrating the high-end yacht market in the United States.Steering rapid development by innovation, the Company adheres unwaveringly to the strategy of consolidating its leadership in products and technologies. Propelled by a future-oriented R&D layout, the Company pushes forward the constant advancement of battery technology from multiple dimensions such as innovations in materials, structures, manufacturing as well as systems, whereby the Company possesses a number of leading technologies and products worldwide, and builds on hard-core product capabilities in all scenarios, thus bringing the development of the industry to a new height. In 2024, the Company has successfully launched new product series: “Top-tier”, “UltraRange”, “UltraLife”, and “Boundless”. These products feature comprehensive innovations and advancements in high energy density, enhanced safety, extended lifespan, ultra-fast charging, and all-weather performance, providing comprehensive and valuable full-scenario product solutions to the market and its customers. Meanwhile, putting together its own technical capabilities and industrialization strength, the Company constantly pursued the high energy density and stable safety performance of EV batteries, launching more competitive new products of ternary series and phosphate series. The Company continued to maintain its product leadership by devoting its efforts in power energy storage (new energy power generation and power grid), industrial and commercial energy storage, household energy storage and other application scenarios.About CALBCALB is a new energy enterprise specializing in the research, production, sales, and market application development of lithium batteries, battery management systems, and related integrated products and lithium battery materials. As Battery Expert, we aim to build a comprehensive energy operation system, to provide complete product solutions and full life-cycle management for the new energy application market, represented by power and energy storage.Currently, CALB has completed an all-round layout in domestic by setting up industrial bases in Changzhou, Xiamen, Wuhan, Chengdu, Hefei, Jiangmen and Meishan. Meanwhile, CALB has set up bases in Europe and ASEAN, vigorously expanding the layout all over the world to become a global leading enterprise with large-scale intelligent manufacturing capabilities. Copyright 2025 ACN Newswire via SeaPRwire.com.

- With total exports of lighting products on the rise and strong demand for smart lighting products, the two lighting fairs in early April will bring together some 1,000 exhibitors to showcase a wide range of the latest lighting products.- The Smart Lighting Expo returns to showcase innovative smart lighting products, solutions and smart connected lighting technologies- The Greenovation zone debuts this year at the Spring Lighting Fair, showcasing green lighting and smart home products and innovationsHONG KONG, Mar 28, 2025 - (ACN Newswire via SeaPRwire.com) - The 2nd Smart Lighting Expo and 16th Hong Kong International Lighting Fair (Spring Edition), organised by the Hong Kong Trade Development Council (HKTDC), will open from 6 to 9 April at the Hong Kong Convention and Exhibition Centre, showcasing innovative and eco-friendly lighting solutions. The two fairs will bring together some 1,000 exhibitors, providing buyers with a one-stop sourcing platform to meet the ever-changing market needs. The Smart Lighting Expo continues to be an event during Business of Innovation & Technology Week (BIT Week).Sophia Chong, Deputy Executive Director of the HKTDC, said: “This year, the theme of the twin lighting fairs is Go Smart Live Green, presenting products and technologies from the smart lighting supply chain and traditional lighting products to enhance smart living and promote sustainability. Despite the challenges in the global economy and exports, the performance of lighting products remains satisfactory, with Hong Kong's total exports of lighting products increasing by 5 percent in 2024. The major export markets were the Mainland China, the EU and United States, demonstrating the growth potential of these products, especially smart lighting products.”Smart Lighting Products experience ideal growthAccording to Global Market Insights, the international smart lighting market size was valued at US$15.8 billion in 2024 and is estimated to grow at a 19.3% compound annual growth rate from 2025 to 2034. This growth is driven by several factors including smart city initiatives, the rapid expansion of smart home technologies, and ongoing technological innovations in smart lighting solutions.The Smart Lighting Expo returns this year and offers a comprehensive platform for the entire supply chain, showcasing smart lighting technologies, human-centric designs, energy-efficient innovations and much more. In addition to the ‘Smart Lighting Products & Solutions’ and ‘Connected Lighting Technologies’ zones, this year's Expo will also feature exhibitors of Digital Displays & Signage for the first time, focusing on advanced solutions in response to the growing demand for digital displays and signage in the global market.The Shanghai Pudong Intelligent Lighting Association will return and host the Smart Ecosystem and IoT Supply Chain Area, featuring brands such as Bweetech, Creatrol Intelligence, LEDiFUTURE, Shuncom AIoT, TYF and many more. In addition, there will be group pavilions from Guangdong - Hong Kong – Macao Greater Bay Area with two new pavilions from Shenzhen, including a SZSA Smart Lighting Pavilion brought by Shenzhen Semiconductor Association, and the returning Zhongshan Pavilion, presenting a wide array of innovative lighting solutions.Spring Lighting Fair launches Greenovation zoneThe concurrent Spring Lighting Fair will continue to serve as a one-stop trading platform for diverse lighting products. This year sees the brand new Greenovation zone which will showcase green lighting and smart home products in response to the increasing demand for sustainable solutions. At the Hall of Aurora, more than 170 renowned brands will showcase innovative lighting products and technologies while other lighting product zones include commercial, decorative, residential, technical and accessories.Quality design and innovative technology act as great value-addersEach year, the expo showcases breakthrough lighting products with added value and innovative design elements. The do it yourself (DIY) market continues to thrive, with related lighting products gaining more popularity. One standout product is the Leaves DIY camping light, from KTE Electrical Limited (booth 1E-E24), which won an iF Award. It utilises flexible tracks as carriers and a portable battery as the main power supply, enabling a diversified light connection that makes camping activities more exciting. Another notable product is XRibbon, an ultra-thin LED light strip from Huitron Limited (booth: 1E-C24). Crafted from a flexible material and offering customisable light colours, it is ideal for indoor and outdoor decorative applications. This product has also received the Red Dot Design Award.In addition to great designs, many manufacturers incorporate technological elements to their products, such as artificial intelligence (AI) and Internet of Things (IoT) solutions, to enhance product intelligence. Kinglumi Co., Ltd's Caimeta AIoT (booth: 1B-A10) is a secure, digital and Intelligent IoT platform that provides end-to-end connected lighting solutions tailored for the retail, commercial, residential, education, and hospitality sectors. Shanghai Shuncom Aiot Co., Ltd. (Booth: 1A-C13) offers intelligent building internet solutions for systems such as energy consumption, security, environmental monitoring, lighting control and more, facilitating efficient intelligent building management.Lighting products are widely used in large-scale projectsMany products showcased at the two fairs have already been applied to various large-scale projects. Located at the Greenovation zone, Essence Sanitary Ware’s LED mirror (booth: 3E-C01) combines advanced light control technology to offer smart lighting solutions, featuring adjustable brightness and anti-fog technology. It is equipped with a magnifying mirror, Bluetooth speakers, a digital clock, Wi-Fi weather updates, USB ports, a wireless charging shaving socket, and a smart panel to enhance comfort and convenience. This innovative product is adopted in the residential sector and major hotel projects in the United States, including Hilton and Marriott. At the Hall of Aurora, Hong Kong’s ODM Master Limited (Booth 1E-D28), will present its Deco Pixel Bar that is suitable for any building wall or facade, even narrow ones, that has already been installed in many commercial buildings.Experts discuss market trendsIn addition to showcasing products, the twin lighting fairs will feature forums where industry players will share their insights on the latest trends and developments in the lighting industry. These forums provide a valuable platform for knowledge exchange and networking among industry professionals. The Asian Lighting Forum will take place on 6 April to facilitate the lighting industry to adapt to the latest market standards and illustrate the Environmental, Social, and Governance (ESG)development through case studies. The following day, industry experts will present technological advancements in human-centric lighting and comprehensive intelligent customised lighting application across different scenarios in the Smart Lighting Solution Forum.Providing Buyers with a seamless sourcing journeyThe events will adopt the EXHIBITION+ hybrid model, enhanced by the "Click2Match" online smart business matching platform, available from 30 March to 16 April and "Scan2Match" will be also available at the fairs, serving as a feature designed to bridge offline and online interactions. With the HKTDC Marketplace App, buyers can scan dedicated QR codes from exhibitors to bookmark their favourites, access product information, view electronic floor plans, and engage in conversations with exhibitors even after the fair, allowing them to seamlessly continue their sourcing journey.To attract exhibitors and buyers from key markets, the HKTDC is offering special airfare deals and value-for-money hotel accommodation while more than 40 hotels are offering special booking discounts for trade buyers and four airlines are providing discounted airfares for overseas buyers and exhibitors. For more details, please visit the fair websites.Business of Innovation & Technology Week (BIT Week) packed with innovation eventsDriven by the Government of the Hong Kong Special Administrative Region’s Innovation, Technology and Industry Bureau and the HKTDC, the Business of Innovation & Technology Week (BIT Week) in April 2025 brings together a series of tech-related exhibitions, conferences, seminars, roundtables and networking events in Hong Kong, setting the perfect scene for industry exchanges and cross-disciplinary collaborations. A series of exciting events during the week, including the Smart Lighting Expo, InnoEX, Hong Kong Electronics Fair (Spring Edition), Hong Kong Web3 Festival and the Hong Kong World Youth Science Conference, are must-attend technology events for the industry.Photo download: https://bit.ly/445yo42The 2nd Smart Lighting Expo and 16th Hong Kong International Lighting Fair (Spring Edition), will open from 6 to 9 April 2025, bringing together some 1,000 exhibitors. Photo shows the scene at the two fairs last yearSmart Lighting Expo returns to showcase the latest smart lighting products and solutionsIn collaboration with Shanghai Pudong Intelligent Lighting Association, the Smart Ecosystem and IoT Supply Chain Area in Smart Lighting Expo will showcase the latest lighting solutions from renowned brands. Photo shows the scene at the zone last yearThe Greenovation zone will debut at the Spring Lighting Fair, showcasing innovative green lighting and smart home productsSpring Lighting Fair’s Hall of Aurora, will see more than 170 renowned brands and showcasing innovative lighting products and technologies. Photo shows the scene at the zone last yearAsian Lighting Forum and Smart Lighting Solution Forum will take place on 6 April and 7 April respectively, with Industry experts sharing the newest trends and developments in the lighting industry. Photo shows the scene of last year's Asian Lighting ForumFair informationDateOpening hours6-8 April 2024 (Sunday to Tuesday)9:30am – 6:30pm9 April 2024 (Wednesday)9:30am – 5pmVenueHall 1A-E and 3C-E, Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wan ChaiPress registration counter and media centreFor registration, could members of the press please present their name cards and press passes at the counter located at the concourse of Hall 1CD, Hong Kong Convention and Exhibition Centre, or visit the HKTDC media centre (G/F of Hong Kong Convention and Exhibition Centre near the Expo Drive entrance)Fair websitesSmart Lighting Expo: smartlightingexpo.hktdc.comHong Kong International Lighting Fair (Spring Edition): hklightingfairse.hktdc.comActivity schedule: https://www.hktdc.com/event/smartlightingexpo/en/programmeHKTDC Media Centre: https://mediaroom.hktdc.com/enMedia enquiriesPlease contact HKTDC’s Communication & Public Affairs Department:Stanley SoTel: (852) 2584 4049Email: stanley.hp.so@hktdc.orgSerena CheungTel: (852) 2584 4272Email: serena.hm.cheung@hktdc.orgClayton LauwTel: (852) 2584 4472Email: clayton.y.lawuw@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 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 2025 ACN Newswire via SeaPRwire.com.

SINGAPORE, Mar 27, 2025 - (ACN Newswire via SeaPRwire.com) - Say hello to Tavo, the new name in pet mobility that is about to revolutionise the way pets travel. From the creators of Nuna, the globally renowned Dutch premium baby gear, Tavo makes its highly anticipated debut in Singapore with the Maeve™ 3-in-1 Pet Protection System, the first pet car seat in Singapore rigorously tested against international children’s safety standards.Drawing upon Nuna’s decades of safety innovation in baby gear, Tavo applies the same high standards of safety and innovation to pet travel. Designed for modern “pawrents” seeking enhanced protection, confidence, and peace of mind, Tavo redefines pet mobility by seamlessly combining premium materials, timeless aesthetics, and unmatched functionality—because pets deserve the same level of safety and comfort as our little ones.In a city where pets are truly family, Singapore’s pet-loving community continues to grow, with 34% of Singaporeans owning a pet and an increasing demand for safer, high-quality, and more comfortable pet travel solutions. Tavo is shaking up the pet mobility space with a first-of-its-kind travel system that fuses safety, functionality, and aesthetics, promising innovation and security on each journey with your cherished companion."We believe pets are members of the family. Nuna has dedicated years to pioneering innovation in child safety, and now, we're excited to extend that commitment to our four-legged companions with Tavo," said Austin Hodges, Global Chief Marketing Officer at Nuna Baby. "Our goal for providing the best in safety and comfort knows no bounds, whether it's for your little one or pets."Helen Johnson, Marketing Director at Tavo adds, “Protection is what makes the Maeve such a must needed product for pet owners. Not only does it protect your pet, but it also protects others traveling with you, it reduces distractions, keeps your car clean and fur-free, and offers a comforting cocoon for every journey.”Maeve™ 3-in-1 Pet Protection System: Where Safety Meets Thoughtful DesignBringing a new level of protection and convenience to pet owners on the move, the award-winning1 Maeve™ Pet Protection System offers an all-in-one solution for pets—whether furry, scaly, young, or senior—designed to keep them secure and comfortable at home, in the car, or on a walk. The 3-in-1 Pet Protection System includes:Maeve Carrier: A secure, well-ventilated pet carrier crafted with plush interiors and breathable mesh panels for comfortVehicle Base: An integrated secure locking mechanism using ISOFIX and dynamic stability controls, ensuring pets stay safe on the roadRoscoe™ Foldable Stroller Frame: A sleek and lightweight frame designed for effortless mobility, with refined details for a polished finishAt the core of the Maeve™ Pet Protection System is an unwavering commitment to safety through cutting- edge engineering and technology. Unlike traditional pet carriers, the Maeve™ system is benchmarked against the latest United Nations ECE R129 child restraint regulations, setting a new global standard for pet protection. Rigorously crash-tested at dynamic testing facilities, it incorporates shock-absorbing technology and impact-resistant materials, safeguarding pets while shielding vehicle occupants against sudden stops and collisions.In addition, the system also boasts ergonomically engineered attachment points and a smart harness integration that work in harmony to prevent accidental escapes, enhancing overall security, and providing a level of confidence that truly redefines the standard of care on the road.The Maeve™ with ISOFIX base starts at S$699, available in five luxe colourways: Onyx, Fawn, Merle, Sable, and Brindle. There are also coordinating options for the Roscoe stroller frame, which is accented with vegan leather details in black, cognac, and chocolate, for combining form and function for an elevated travel experience. The stroller frame can also be purchased separately, and features a compact fold for easy storage.The full collection is now available at iShopChangi, with additional pet protection travel gear launching soon.Following its successful launch in over 22 countries, Tavo is set to redefine pet mobility in Singapore with a commitment to safety, quality, and thoughtful craftsmanship. As the brand looks to expand further into the region in the coming months, it will continue to pave the way for a new era of pet travel – where protection meets effortless style.1 Winner of Red Dot Product Design Award 2024, European Product Design Award (EPDA) 2024 – Top Design in Pet Supplies: Safety About NunaNuna, the global brand with Dutch roots, has been focusing on creating smart, helpful and bold baby gear since 2007. First-hand experiences in parenthood show that practicality and beauty is the perfect balance when it comes to Nuna's clever solutions that span across car seat, stroller, and in-home categories. Inspired by the clean lines and ingenuity of Dutch design, the collection is as easy, safe, and as flexible as new parents need it to be. With thoughtful design put into every detail, Nuna designs around your life. Find out more at https://nunababy.com/sg.About TavoTavo is a revolutionary pet protection brand from the makers of Nuna Baby, created to redefine pet travel with a perfect blend of safety, style and innovation. With premium materials, timeless aesthetics, and rigorous safety testing, Tavo provides pets and their people with perfect travel experiences. Whether you're on a daily outing or an extended journey, Tavo ensures your pet travels safely anywhere. To learn more about Tavo, visit https://tavopets.com/sg/. Press ContactFor media queries, please contact:PRecious Communications for Tavotavopets@preciouscomms.com Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - The findings of the 1Q25 HKTDC Export Confidence Index showed confidence among Hong Kong exporters has risen moderately, despite the sizable tariff hikes imposed by the US on its trading partners around the world.In specific terms, the Current Performance Index (a measure of actual performance for the quarter in question) rose by 1.8 points to 52.1. Equally reassuringly, the Expectation Index (a measure of confidence in likely performance in the coming quarter) was up by 1.0 points to 51.0. Both readings were above the watermark level of 50, which can be taken as confirming general optimism with regard to future export prospects.Given the likely impact of the series of higher tariffs imposed by the US in the last two months, the HKTDC has slightly adjusted its 2025 Hong Kong export growth forecast from 4% to 3%. There remains a downside risk to the forecast given the uncertainty over any future escalation in global trade tension.Commenting on the revised forecast and the 1Q25 findings, Irina Fan, Director of HKTDC Research, said: “It’s a testament to the resilience of Hong Kong’s export sector that growth is still indicated. While export business may be growing at a moderately slower rate than had been initially anticipated, there are still many reasons to be optimistic.”“This is partly down to the agility and flexibility many Hong Kong exporters have demonstrated in terms of strategies for future-proofing their business activities.”From the findings of the 1Q25 survey, it is clear a range of strategies, including diversifying sourcing, expanding into new markets and the relocation of production lines, have been very much front-of-mind for many of Hong Kong’s export-oriented businesses. These moves, it is believed, will help enterprises mitigate the adverse effects of any current or future protectionist measures.Overall, despite a more challenging global trade backdrop, it was encouraging to note the majority of survey respondents (75.4%) remained confident their 2025 net profit margins would either rise or remain stable. This was notably higher than the 72.1% of respondents expressing the same sentiment in 4Q24, while also being the highest such figure for 12 months.In terms of market prospects, uncertainties over its trading stance have inevitably clouded the general views of the US. Tellingly, the Current Performance figure for the country was 47.8, with its 3.1 point quarter-on-quarter decline taking it below the watermark level of 50 for the first time in 12 months.Exporter sentiment, however, remained largely positive when looking beyond the US market, particularly with reference to Mainland China, the EU and the ASEAN bloc. In all, the Current Performance Index reading for Mainland China was up 6.7 points to 59.0 (compared to 4Q24) while the comparable finding for the EU was up 3.8 points to 50.1. The reading for the ASEAN bloc (56.4), meanwhile, remained solidly in expansionary territory.Nicholas Fu, Senior Economist, said “A similar pattern was in evidence in the case of the Expectation Index. This saw Mainland China up 3.0 points to 55.7, followed by the ASEAN bloc (53.0) and the EU (52.7). The US was again down, falling by 4.3 points to hit a one-year low of 46.7.”In terms of more general findings, Jewellery (at 53.1 points) was the most upbeat industry sector with regard to 1Q25 Current Performance, followed by Electronics (52.3) and Timepieces (51.2). In terms of Expectation, Jewellery (54.4), Equipment/Materials (52.6) and Timepiece (51.1) exporters were most optimistic as to their likely future performance.AppendixThe HKTDC Export Confidence Index has been designed to provide a comprehensive overview of Hong Kong exporter sentiment. It comprises two primary / overall indices, one of which gauges the Current Performance with regard to the surveyed quarter, while the other considers Expectation for the upcoming quarter. The findings of both indices are based on a weighted average of five sub-indices – Sales and New Orders, Trade Value, Cost, Procurement, and Inventory.Full details of the methodology / definitions relating to the HKTDC Export Confidence Index can be found in the Appendix section of the full quarterly report.ReferencesHKTDC Export Confidence Index 1Q25: Export Confidence Improves Despite Growing Trade TensionsHKTDC Research websitePhoto download: bit.ly/3QMQHmUHKTDC Director of Research Irina Fan (left) and Senior Economist Nicholas Fu (right) announced the HKTDC Export Confidence Index for the first quarter of 2025 at a press conference todayHKTDC Director of Research Irina FanHKTDC Senior Economist Nicholas FuMedia enquiriesPlease contact the HKTDC’s Communication and Public Affairs Department:Fraser LiAgnes WatTel: (852) 2584 4369Tel: (852) 2584 4554Email: fraser.li@hktdc.orgEmail: agnes.ky.wat@hktdc.orgAbout 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 2025 ACN Newswire via SeaPRwire.com.

Mahe, Seychelles, Mar 27, 2025 - (ACN Newswire via SeaPRwire.com) - Move Digital Limited, led by tech entrepreneur and strategist Kristof Schöffling, has unveiled an ambitious roadmap for 2025, solidifying its position as a global leader in artificial intelligence, blockchain, and robotics innovation.With operations across Monaco, Thailand, Tokyo, Sydney, and Hong Kong, Move Digital is delivering on its mission to integrate advanced technology into daily life - long before mainstream adoption.A Vision for 2025 Built on Proven ExecutionKristof Schöffling, a serial entrepreneur with over 15 years of experience and several successful tech exits, has developed a reputation for recognizing transformational trends before they become global movements. Under his leadership, Move Digital has evolved from a blockchain innovator into a world-class firm delivering AI-powered consumer applications, elite consulting for family offices, and cutting-edge robotics manufacturing."Artificial intelligence should never be a concept locked in boardrooms or labs," says Schöffling. "Our mission at Move Digital is to bring intelligent solutions into everyday lives, enabling convenience, freedom, and efficiency for all demographics."AI for the Real WorldMove Digital's AI division is now rolling out globally distributed applications that simplify daily routines, boost productivity, and enhance user experience across demographics. These solutions are designed to demystify AI and make its value tangible for businesses, households, and institutions.Strategic Consulting for Family Offices & Global InvestorsRecognizing a sharp uptick in demand for trusted tech advisors, Schöffling has expanded Move Digital's footprint into strategic consulting for family offices and high-net-worth individuals. The firm now works with legacy investors in financial capitals such as Monaco, Tokyo, Bangkok, and Hong Kong - helping them navigate AI strategy, digital transformation, and blockchain innovation."AI is no longer a playground for tech firms. It's a fundamental economic asset," says Schöffling. "Whether you're overseeing a global portfolio or operating a legacy business, integrating AI is now a matter of staying competitive."Robotics: Move Digital's Next FrontierIn 2025, Move Digital is entering the robotics space with production facilities under development in Vietnam and China. These facilities will produce intelligent household robots powered by modular AI systems and connected digital infrastructure.Forecasts project the global robotics market to grow from $46 billion in 2024 to over $169 billion by 2032. Move Digital aims to lead this charge with innovative products that bring automation into private homes and elevate the quality of daily living.Public Sector Engagement & InnovationIn addition to his private sector success, Kristof Schöffling plays a key role in advising governments on emerging technology adoption. As Trade Commissioner of Vanuatu to Thailand, he contributes to initiatives around blockchain strategy and CBDC implementation - bridging public and private sector goals for a tech-driven future.About Kristof SchöfflingKristof Schöffling is a renowned technology leader, known for his early adoption of blockchain, AI, and decentralized systems. With a strategic footprint in Monaco, Thailand, and across Asia-Pacific, Schöffling is recognized globally for transforming emerging technology into high-impact solutions. Whether searched as Kristof Schöffling, Kristof Schoffling, or Kristof Schoeffling, his work consistently ranks among the most relevant and forward-looking in tech innovation.About Move Digital LimitedMove Digital Limited is a global technology firm delivering AI-powered applications, high-end consulting for family offices, and robotics manufacturing focused on household automation. With a vision to make advanced technologies accessible, Move Digital continues to redefine the intersection of technology and real-world utility.Media Contact:Brand: Move Digital LimitedContact: Kristof SchöfflingWebsite: https://movedigital.com Copyright 2025 ACN Newswire via SeaPRwire.com.

Bishkek, Kyrgyzstan, Mar 27, 2025 - (ACN Newswire via SeaPRwire.com) - Kyrgyzstan continues to solidify its position as a regional crypto hub. The country is advancing its digital asset regulation, testing legal frameworks, and launching licensed platforms. One of the key steps in this direction is the launch of A7A5 - a stablecoin pegged to the Russian ruble within the cryptocurrency ecosystem. The token was issued by the Kyrgyz company Old Vector, in full compliance with local regulatory requirements and with the support of the Kyrgyz government.One of the world's leading crypto hubsAs part of the strategic course set by the country's president, Kyrgyzstan has adopted a comprehensive package of laws regulating the cryptocurrency market. For the first time, the country has introduced full legislation on digital assets, covering all major aspects of the industry - from exchanges to token issuers. This has created a new institutional infrastructure that did not previously exist in the market.Among the unique innovations is the mechanism for registering token issuances under official state supervision. Regulators ensure that token emissions comply with regulatory requirements, have fiat backing, undergo regular audits, and meet obligations to token holders. In essence, Kyrgyzstan provides one of the most transparent and secure tokenization models in the world.The first issuance of A7A5 (mint) was carried out in complete accordance with the new national legislation - under the control of regulatory authorities and directed to an officially registered, regulated broker.The A7A5 token is now available for trading on the regulated exchange Meer Exchange and is expected to be listed on decentralized platforms in the future. Its fiat backing is stored in bank accounts, and its volume is audited by an independent firm on a quarterly basis. The key advantage of A7A5 is the opportunity to earn up to 20% annually, driven by its link to the refinancing rate of the Central Bank of the Russian Federation and additional income strategies in DeFi.For those seeking an alternativeThe digital asset market is moving toward the integration of traditional finance with decentralized technologies. The emergence of stablecoins has enabled users to:Transition from volatile crypto assets to stable currencies without leaving the blockchain ecosystem.Trade freely against the dollar - the world's primary reserve currency.Participate in DeFi protocols, with the potential to earn quasi-fixed income - returns close to fixed.However, despite the overall growth of the segment, stablecoins denominated in other currencies are still in their early stages.Currency diversity? Not yetAlthough the segment has seen significant capitalization, stablecoins other than the dollar still have very limited trading volumes:USDT - exceeds $60 billion per day.USDC - around $6 billion.Stablecoins in euros (e.g., EURT, agEUR) rarely exceed $5–10 million in daily trading volume.Stablecoins in yen and yuan are almost non-existent on major exchanges and DeFi protocols.Stablecoins in emerging market currencies (rubles, reais, rupees, etc.) are virtually absent from the crypto market.This limits the potential for building robust currency strategies, including FX and carry trades, which are at the core of the global financial market with a daily volume exceeding $7 trillion.What's preventing carry trade in crypto?To execute a traditional carry trade strategy in the digital space, several key elements are still missing:Recently, one of the most popular strategies in the global market was the "dollar-yen" trade: borrowing in JPY at a low interest rate and investing in USD. Today, DeFi does not offer the option to borrow in yen or any other currencies to utilize carry trade opportunities, making this scenario unfeasible.The reverse strategy - borrowing in dollars within DeFi - is possible, but there is no infrastructure to invest in assets from emerging markets with fixed returns or to hedge currency risk using derivatives.A7A5: The SolutionThe launch of A7A5, followed by its listing on both CEX and DEX, marks the first step in expanding the range of tools available to crypto investors, including:Participation in income strategies involving assets from emerging markets.The ability to hedge currency risks using derivative instruments.Synthetic and direct participation in RWA (Real-World Assets) through digital infrastructure.A7A5 is designed for investors who are ready to leverage next-generation technologies to achieve higher returns, given the limited alternatives in the world of traditional finance.The listing on Meer Exchange ensures liquidity, transparency, and institutional access to a new class of digital assets tied to the Russian economy and emerging markets.Social LinksX: https://x.com/A7A5officialTelegram: https://t.me/A7A5officialLinkTree: https://linktr.ee/a7a5officialMedia ContactBrand: A7A5Contact: Media teamWebsite: https://a7a5.io/ Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - VCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading independent online consumer finance provider in China, announced its annual results for the year ended 31 December 2024.In 2024, despite a complex and severe external environment, ongoing international trade frictions and multiple challenges, China’s economy remained relatively stable. Policy measures were implemented to drive a steady economic recovery. Although consumer demand is still in recovery, there has been an increase in consumer willingness, and the consumer market is showing signs of gradual improvement. The Group actively adjusted its operating strategies, strengthened risk control, improved operating efficiency, and continued to strengthen its business framework. For the full year 2024, loan origination volume in the Chinese mainland reached RMB 55.75 billion. In 2024, the Group continued to optimize its risk models, innovate products and services, and improve technological standards, maintaining its focus on higher-quality borrowers. While pursuing financial technology innovation and risk control tightening, the Group also emphasized protecting the consumer rights and personal data security of its borrowers, proactively addressing regulatory developments in the industry. Total Income was RMB 3.93 billion, with Adjusted Net Profit recorded at RMB 480 million approximately. The Board has recommended the payment of a final dividend of HK 20 cents per share.Driving innovation through technology while upgrading operations through digital smart platformThe Group further deepened the application of artificial intelligence (AI) technology in risk management, covering core processes including customer segmentation, modeling, underwriting and collections, significantly improving the precision and efficiency of risk identification. At the same time, by continuously optimizing multi-source scorecards and strategy models, the Group improved the robustness of risk management. In addition, the continuous optimization of approval processes and the refinement of risk control strategies also helped the Group steadily increase the approval volume of new customers, driving significant growth in the user base and injecting new momentum into business expansion.In the first half of 2024, the Group has officially launched the AI large model ‘Sunbird AI Hub’, and deployed it across several aspects of business. With the help of AI technology, the Group completed a further iterative upgrade of the core risk control system Hummingbird to maintain the performance of our rules engine. In relation to data security and user privacy protection, the Group introduced AI large models to analyze APP privacy policy texts, ensuring compliance of data collection.Actively expanding high-quality customer acquisition channels and continuously optimizing user experience across all aspectsThe Group is committed to expanding high-quality customer acquisition channels. In the second half of 2024, the Group entered into a cooperation agreement with a leading domestic fintech platform. At the same period, the Group reconstructed the operational map for new customers, designing differentiated interaction methods, contact means, and strategies for new customers. Through these measures, the Group successfully achieved closed-loop management of customer acquisition and new customer operations, further improving the operational efficiency of new customers. As of 31 December 2024, the Group's cumulative registered users reached 158 million, a year-on-year increase of 9.7% compared to 2023.Apart from acquiring new high-quality customers, the Group continued to optimize its operational strategy for existing users, upgrading services at various points in the business process, shortening loan disbursement times, and reducing user operation paths, successfully optimizing the user experience. In 2024, repeat borrowers accounted for 85.9% of the total loan volume.Empowering a collaborative financial ecosystem and jointly strengthening consumer rights protectionAs of the end of December 2024, the Group has established long-term relationships with 110 external funding partners, including national joint-stock commercial banks, consumer finance companies and trust funds, etc., thus growing a rich and diversified funding pool. Through the construction of the VCREDIT fund management platform system, the Group can more effectively manage its capital needs, strengthen the whole life-cycle management of funding partner co-operation, and steadily reduce the cost of funds.VCREDIT has extended its technological solutions to the funding partners, expanding the digital alliance through its in-house developed ‘Kunlun Mirror Intelligent Risk Control System’ which leverages standardized risk control models based on credit data to conduct intelligent risk identification. This system also enables joint modeling to meet the personalized risk control needs of the funding partners, providing them with comprehensive credit risk management solutions. Furthermore, the Group has deepened the cooperation with funding partners in loan monitoring and consumer rights protection.Outlook In order to contribute to further growth in consumer finance business and fulfil the financial needs of high-quality customers, the Group will continue to hone business strategies and upscale technology. In addition to growing the existing consumer finance business in China, the Group will also look to expand and diversify its business strategies by investing or collaborating in or acquiring similar, related, or complementary businesses and industries in other jurisdictions including Hong Kong, South-East Asia and Europe. The Group will continue to review potential investment opportunities and business prospects on a constant basis and make suitable investments and acquisitions as opportunities occur.In addition, the Group intends to continue to execute these strategies to maintain its growth in the industry, including streamline and extend its credit solutions to better serve its customers to improve brand recognition and loyalty and creditworthiness of its customer base; enhance risk management capability through deployment of evolving technology and AI; strengthen long-term collaborations with licensed financial institutional partners and other business partners; ensure its business is conducted within applicable regulatory parameters to achieve regulation-centric sustainability; review and assess potential business prospects and invest or collaborate in or acquire similar, related or complementary businesses and industries in China and other jurisdictions; cultivate a dynamic enterprise value and culture and grow its in-house talents.About VCREDIT Holdings LimitedVCREDIT Holdings Limited (VCREDIT) facilitates loans between financial institutions and individual customers -- connecting borrowers (consumers, sole proprietors, and SME owners) with financial institutions. We identify customers in need of financing by collaborating with diverse customer acquisition channels such as DSP advertising platforms. Afterwards we match financial institutional funds to creditworthy borrowers in real time through our proprietary digital technology and AI models. We take measures to articulate key information such as loan interest rates, repayment terms to borrowers. We also take care of client repayment management, thereby maintaining trust between borrowers and financial institutions.Website: https://en.vcredit.com/en-usFor enquiries, please contact Burson: Wing Chan / Vivien Li Tel: (852) 9518 4326 / (852) 6464 8269 Email: vcredit@hkstrategies.com Copyright 2025 ACN Newswire via SeaPRwire.com.

MANCHESTER, UK, Mar 26, 2025 - (ACN Newswire via SeaPRwire.com) - Vibe Marketing Tech Fest will take place in Manchester on July 10, 2025, and brings industry leaders to answer the pressing questions on every marketer’s mind.Convenience comes with price, and consumers agree. Consumers are discerning, they are willing to pay more for brands that align with their values, and share more data with brands that promise to offer more personalised experiences. Brands need to keep up or be left behind. The customer’s journey is anything but linear, and the marketer’s role to navigate these market forces is increasingly complex.But there are more challenges–with inflationary pressures, marketing and advertising spend is under severe scrutiny. Business stakeholders are keen to know where marketing dollars are being spent, if they are being optimised, and how to fine-tune that growth engine.The opportunity of artificial intelligence and generative AI to further alter the dynamics of the marketing leader’s role is a key concern. What does it mean for tomorrow’s leaders, and what skills does one need to drive business in the immediate future?Vibe Marketing Tech Fest promises to address these burning questions and more. Founded in 2018, VMF is one of the world’s largest and most influential marketing tech conferences.“The balance between privacy and personalisation is a burning issue that brands need to tackle head-on. Customers are poised to align with brands that are transparent and committed to fairness. We want to take on the tough questions that marketing leaders are faced with. VMF will explore how businesses can navigate this highly competitive landscape and set them up for long-term sustainable growth,” says Sanjay Swamy, Director at Martechvibe, the media company organising VMF.VMF 2025 will cover themes like:Overcoming barriers to deliver hyper-personalisationIncreasing ROI on martech investmentsMaximising first part data in a privacy era Reducing churn, and driving higher CLV Speakers like Scott Brinker, Sir Martin Sorrell, Brian Solis, Neil Patel, Darell Alfonso, Fernando Machado, David Raab, Rob Bloom, and Steve Lok have delivered rich sessions in the previous editions of the summit.This year’s speakers include David Raab, Owner of Raab Associates and Founder at CDP Institute, Aadil Mukhtar, Head of Marketing - Growth & Technology at United Rugby Championship, Adam Azor - EVP, Global Marketing at sportradar, Adam Mills - Head of Insight, Loyalty & Strategy at The Wine Society, Charlotte Flemming - Senior Marketing Manager at Prime Time, Ian Irving - Lead SEO & ASO Specialist at BBC, Jessica Cooke - Director of Media & Loyalty at Stonegate, Karla Zaldivar - Global Social Media Insights Manager at Booking.com, Mohamed Jhummun - Head of Personalisation at Scale at Pepsico, Jamie Allen - Head of Marketing at Mettle, Emily Latham - Head of Marketing Technology Portfolio at CarWow, Sabrina Godden-Tuma - Global Creative Director at Vodafone, Anne Lathowers - Head of Growth Marketing & Communication at E.ON One, Victoria Kerr - Head of Marketing, EMEA & APAC at Uber, Gareth Maritz - Director of Marketing - Change, MarTech, Partnerships, Measurement & Effectiveness at Flutter, and many more.For more information, visit Vibe Marketing Tech Fest 2025.About VMFFounded in 2018, Vibe Marketing Tech Fest (VMF) is one of the world’s largest and most influential marketing tech conferences. It is the premier gathering for marketing, technology, product, CRM, revenue, and CX leaders. Designed to explore the latest trends, strategies, and cutting-edge tools shaping the marketing landscape, VMF serves as the ultimate platform where marketing pioneers connect with technology innovators.Join industry leaders as they network, exchange insights, and redefine the future of marketing through the power of technology.Media contact:Mrunalini Polmrunalini@vibeprojects.com Copyright 2025 ACN Newswire via SeaPRwire.com.

SEVEN HILLS, AUSTRALIA, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - Innovation Beverage Group Ltd, ("IBG" or the "Company") (Nasdaq:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, announced today that sales of its Australian Bitters Company line of bitters increased by approximately 5% year-over-year in the twelve months ended December 31, 2024. Driven by this sales momentum, Australian Bitters Company has captured a 45% market share in Australia, the second largest national market for bitters worldwide and the highest market share in Australia that the Company has achieved to date."We're very proud of having captured significant market share away from long-established brands in the growing Australian bitters market. This is a testament to our exceptional flavor and value which continue to drive consumer brand awareness and loyalty," stated IBG's Chairman and Interim CEO Sahil Beri. "Continued growth in Australia is a strong indicator of our bitters' potential as we are set to expand marketing, sales, and distribution of our Australian Bitters Company line in the U.S., the largest bitters market in the world."IBG's flagship product, Australian Bitters Company, hand crafted in small batches in Australia from the finest natural botanical herbs and spices, won the Gold Medal at the Los Angeles Spirts Awards in 2018. BITTERTALES, the Company's premium cocktail brand, won Best in Show and a Platinum Medal at the 2020 LA Spirits Awards, and a Gold Medal at the 2018 and 2021 LA Spirits Awards. IBG's bitters brands are produced at its state-of-the-art U.S. FDA and GMP certified facility in Australia and shipped worldwide.About Innovation Beverage GroupInnovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG's brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG's most successful brand to date is Australian Bitters, which disrupted a 200-year-old market leader, giving the Company a market dominating position in several territories including a partnership in Australia with Coca-Cola Europacific Partners. Established in 2018, IBG's headquarters, distillery, innovation, and manufacturing facility are located in Sydney, Australia with a U.S. sales office is located in New Jersey. For more information visit: https://www.innovationbev.com/Forward Looking StatementThis press release contains "forward-looking statements" and "forward-looking information." This information and these statements, which can be identified by the fact that they do not relate strictly to historical or current facts, are made as of the date of this press release or as of the date of the effective date of information described in this press release, as applicable.The forward-looking statements herein relate to predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance (often, but not always, using words or phrases such as "expects," "anticipates," "plans," "projects," "estimates," "envisages," "assumes," "intends," "strategy," "goals," "objectives" or variations thereof or stating that certain action events or results "may," "can," "could," "would," "might," or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) and include, without limitation, statements with respect to projected financial targets that the Company is looking to achieve.All forward-looking statements are based on current beliefs as well as various assumptions made by and information currently available to the Company's management team. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections, and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution any person reviewing this press release not to place undue reliance on these forward-looking statements as several important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions, and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur.The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Company or on behalf of the Company except as may be required by law.Contact:TraDigital IRJohn McNamara917-658-2602John@tradigitalir.comSOURCE: Innovation Beverage Group Copyright 2025 ACN Newswire via SeaPRwire.com.

WEST PALM BEACH, FL AND SYDNEY, AUSTRALIA, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - U.S. Polo Assn., the official brand of the United States Polo Association (USPA), is proud to announce its launch in the Australian market alongside its brand partner Brand Machine Group (BMG). This entry further enhances the multi-billion-dollar brand's global presence and expands U.S. Polo Assn.'s reach into yet another new and exciting market.U.S. Polo Assn.U.S. Polo Assn. recently launched its Australian retail website www.uspoloassn.com.au with seamless access to the brand's iconic collections, showcasing the fusion of classic and contemporary style that aligns with how Australians live, work, and play. Website orders are now being fulfilled directly from the new Sydney warehouse throughout Australia and New Zealand."With over 40 years of experience in the market, BMG has been an outstanding partner for U.S. Polo Assn. in the U.K. and other European territories," said J. Michael Prince, President and CEO of USPA Global, the company that manages and oversees the multi-billion-dollar U.S. Polo Assn. brand. "As we celebrate 135 years of sport inspiration, we are confident that our partnership with BMG in the Australian market will support the global growth of the brand and deliver exceptional styles for our fans and consumers.""Australia's fashion retailing market continues to grow and evolve with new trends, changing consumer tastes, and new technologies. U.S. Polo Assn. looks to be a part of the evolution of fashion in the region through this market launch, by supporting the sport, and bringing that authentic connection to the sport of polo to Australia," Prince added.BMG has established a dedicated operation in Australia, led by Kevin Cliffe, Country Manager, from a state-of-the-art 220-square-meter showroom in Sydney. The new team encompasses sales, logistics, e-commerce, and customer service, ensuring a strong foundation for growth."Entering the vibrant Australian market demonstrates yet another significant milestone for U.S. Polo Assn. and for BMG's ongoing journey to revolutionize the e-commerce and retail landscape," said Boo Jalil, CEO of Brand Machine Group. "As one of the world's most popular brands, U.S. Polo Assn. is now ideally poised to reach even more consumers than ever before in this unique and trendsetting Australian market."About U.S. Polo Assn. and USPA GlobalU.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in North America, founded in 1890 and based at the USPA National Polo Center in Wellington, Florida. This year, U.S. Polo Assn. celebrates 135 years of sports inspiration alongside the USPA. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,200 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. Historic deals with ESPN in the United States and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global and digital growth. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.For more information, visit uspoloassnglobal.com and follow @uspoloassn.USPA Global is a subsidiary of the USPA and manages the global, multi-billion-dollar U.S. Polo Assn. brand. Through its subsidiary, Global Polo Entertainment (GPE), USPA Global also manages Global Polo TV, which provides sports and lifestyle content. For more sports content, visit globalpolo.com.About Brand Machine Group (BMG)BMG is an international leader in fashion innovation which has established itself as a vertical manufacturer and global licensing specialist with over four decades of industry experience. Partnering with recognized market leaders, BMG manages a seamless and collaborative process of designing, manufacturing, and delivering quality products while championing the DNA of a diverse portfolio of brands. Spanning fashion, sports, outdoor, and homeware, including adult fashion, kidswear, and accessories.BMG's portfolio of brands includes U.S. Polo Assn. Penfield, New Balance Kids, Duchamp, Jack Wills, Flyers American Born, Lee Kids, Peckham Rye, Wrangler Kids, Juicy Couture and Franklin & Marshall. BMG reaffirms its commitment to upholding sustainable and ethical business practices by ensuring full transparency throughout its global supply chain, aligning with the ETI Base Code. Visit www.brandmachinegroup.com and follow @brandmachinegroupContact InformationGina DigregorioMarketing Director (U.K.)gina.digregorio@brandmachinegroup.com+44 (0) 2039 593 330Stacey KovalskyVice President, Global PR and Communications (U.S.)skovalsky@uspagl.com+001.561.790.8036SOURCE: U.S. Polo Assn. Copyright 2025 ACN Newswire via SeaPRwire.com.

Set to welcome 4,000 airport professionals, 150 international exhibitors, 4 dynamic pavilions, and 53 speakers from 66 countries and regions, IASEA 2025 is poised to shape the future of airport operations and passenger experience throughout the next 3 daysSINGAPORE, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - The much-anticipated inter airport Southeast Asia (IASEA) 2025 has officially opened today at Marina Bay Sands, Singapore, bringing together key airport industry stakeholders, global solution providers, and leading experts to shape the future of airport operations and passenger experience.Themed “Airport Operations for Tomorrow”, conversations surrounding these topics are especially crucial as the aviation industry is witnessing rapid transformation and projected global passenger traffic to reach 19.5 billion by 2042.Day 1 morning highlights: Keynotes and expert insightsThe opening day of IASEA 2025 set an exciting tone with thought-provoking discussions and visionary insights from industry leaders. The fireside chat on 'Reshaping Global Airport Operations', led by Patrick Ky, CEO, International Centre for Aviation Innovation (ICAI) and moderated by Glory Wee, Senior Director, Aviation Development Group, Civil Aviation Authority Singapore (CAAS), discussed the fundamental shift they anticipate airport operations will face and how airports must evolve to balance the imperatives of efficiency, resilience, and sustainability. When asked to share one game-changing technology that will redefine the industry, Patrick Ky shared that “innovation that drives data sharing will be key”, but that would require many regulatory aspects and willingness from airports to share with each other. This would take time, but it is key to building a stronger future. “It is clear from our discussion that in order to reshape airport operations, it is not just about technological advancements but also about setting standards, data integrity, collaborations, and sharing best practices. Above all, the industry needs to work towards building trust with partners and eco-system players,” said Glory Wee, Senior Director, Aviation Development Group, Civil Aviation Authority Singapore (CAAS). At the show, leading airports, including Narita International Airport Corporation, and Airports Corporation of Vietnam (ACV), presented case studies highlighting their technological integrations, regional growth strategies, and efforts to meet rising demand while enhancing passenger experience. Shinichiro Motomiya, General Manager, Narita International Airport Corporation, presented the ‘New Narita Airport’ expansion project for the 2030s, which includes extending an existing runway, constructing a new runway, improving connectivity into the city, building a new cargo area, and consolidating this into a single terminal to accommodate the expected increase of passenger capacity from 57 to 75 million and cargo capacity from 2.4 to 3.5 million tons at Narita International Airport.Separately, Vietnam’s aviation sector is experiencing rapid growth, with domestic travel projected to increase by over 20% from 2023 to 2027. To meet this soaring demand, Nguyen Dang Minh, Director of Airport Operations Department, Airports Corporation of Vietnam (ACV), shared ACV’s master plan to develop a robust and resilient airport network by 2050. By 2030, ACV will equip 30 airports across the country with a combined capacity to handle 275.9 million passengers and 4.1 million tons of cargo annually. By 2050, the network will expand to 33 airports (14 international and 19 domestic), ensuring that 97% of the population has access to an airport within 100 kilometres. The total investment for this extensive development is estimated to reach 420,000 billion VND.At the heart of this transformation is the Long Thanh International Airport project, positioned as a key national aviation hub and one of the most ambitious infrastructure projects in the region. The project is divided into three phases:Phase 1 (2025): Complete Terminal 1 with two runways and a cargo terminal, which will have the capacity to handle 25 million passengers.Phase 2 (2025-2030): Construction of Terminal 2, which will increase the airport’s capacity to 50 million passengers.Phase 3 (2035-2040): Two additional runways (T3 and T4 Terminals), reaching a total capacity of 100 million passengers.This year’s IASEA 2025 welcomes a delegation of leaders from major international airports in Vietnam, including Long Thanh International Airport—one of the world's most expensive greenfield airport projects—Noi Bai Airport, Danang Airport, Cat Bi Airport, Phu Quoc Airport, and Cam Ranh International Terminal.Mr. Nguyen Cao Cuong, Deputy General Director, Airports Corporation of Vietnam (ACV), shared during his opening remarks, “Under the direction of the Prime Minister of Vietnam, ACV's delegation at this expo is actively seeking high-quality, potential partners in technology, equipment, and airport operations to collaborate in accelerating the completion of Long Thanh, ensuring it meets the highest international standards. This show is not only a valuable opportunity for ACV to explore cutting-edge technologies and advanced management models but also a chance for all of us to discuss strategies for the collective growth of airport networks in Southeast Asia."What to look out for in IASEA 2025?Over the course of three days, groundbreaking discussions and innovations are taking centre stage, redefining efficiency, sustainability, and automation in ground handling and airport logistics. Today marks a significant milestone for CW Aero Services as the company announces the signing of a Memorandum of Understanding (MOU) with Goldhofer AG to become a Hub for Goldhofer GSE product lines in the Asia Pacific region. As part of this strategic partnership, CW Aero Services will not only promote Goldhofer GSE products within Singapore, Malaysia, Brunei, and the Philippines but also provide comprehensive support services. This includes the commissioning of new GSE deliveries, repair and maintenance work, and the supply of spare parts, ensuring seamless and efficient operations for customers in the region. This collaboration represents more than just a contractual agreement—it is a commitment by CW Aero Services to drive the growth and adoption of Goldhofer products and services across the Asia Pacific. By leveraging its expertise and regional presence, CW Aero Services aims to make a meaningful impact on the ground support equipment landscape in the region.Industry leaders are unveiling next-generation solutions designed to optimise airport operations, enhance energy efficiency, and streamline airside activities. One of the most highly anticipated product debuts comes from FastCharge GSE. The company launched the Enatel eGSE Charger – a cutting-edge charging solution designed specifically for electric ground support equipment (eGSE) – earlier this month, which was one of the first few times the product was showcased to the public. With a world-leading 97.6% efficiency, the charger minimises energy waste, optimises charging times, and reduces vehicle downtime, setting a new benchmark in airport electrification.Meanwhile, Oshkosh AeroTech has introduced two cutting-edge electric ground support vehicles to the Asia market at IASEA 2025 – the LEKTRO 88i electric aircraft tug and the B80 electric pushback tractor – that are designed to enhance airport efficiency, sustainability, safety, and reduce operational costs. The B80 pushback tractor, specifically, was built for heavy-duty operations, delivering high torque, all-wheel drive, and advanced energy management for efficient pushbacks of both narrow-body and wide-body aircraft. As the event unfolds, industry professionals can expect more exclusive product showcases, expert-led conference sessions, and networking opportunities that shape the future of airport operations across Asia.All trade professionals attending inter airport Southeast Asia 2025 will be granted free access to the exhibition and conference floors. For the latest information on inter airport Southeast Asia, please visit the event website, LinkedIn, or Facebook pages. About inter airport Southeast Asiainter airport Southeast Asia influences and accelerates the transformation of the airport industry in Asia by crafting a unique, 3-day airport trade show for the region.Every odd year, buyers and decision makers from the airports, airlines, ground handlers and the entire Airport community in Asia attend inter airport Southeast Asia to source and experience from the most diverse selection of innovations, technology and equipment for airport terminals and ramp operations.Whatever your strategy or needs - this is the place to be for business, friendship and new trends.25-27 March 2025Marina Bay Sands, Singaporewww.interairport-southeastasia.comAbout RX  RX is a global leader in events and exhibitions, leveraging industry expertise, data, and technology to build businesses for individuals, communities, and organisations. With a presence in 25 countries across 42 industry sectors, RX hosts approximately 350 events annually. RX is committed to creating an inclusive work environment for all our people.  RX empowers businesses to thrive by leveraging data-driven insights and digital solutions. RX is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. For more information, visit www.rxglobal.com. About RELXRELX is a global provider of information-based analytics and decision tools for professional and business customers. RELX serves customers in more than 180 countries and has offices in about 40 countries. It employs more than 36,000 people over 40% of whom are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York stock exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.*Note: Current market capitalisation can be found at http://www.relx.com/investorsMedia contacts (on behalf of RX)Carolyn Kok (carolyn.kok@fifthring.com)Chloe Lim (chloe.lim@fifthring.com) Copyright 2025 ACN Newswire via SeaPRwire.com.

2024 Annual Results Highlights- Total revenue reached approximately NTD931.96 million- Profit for the year attributable to owners of the Company amounted to approximately NTD24.28 million- Revenue from turnkey solutions reached approximately NTD418.45 million- Basic earnings per share were NTD2.43 centsHONG KONG, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - Genes Tech Group Holdings Co. Ltd (“Genes Tech Group” or “The Group”, Stock Code: 8257.HK) announces its annual results for the year ended 31 December 2024. (“During the period under review”). During the period under review, the Group recorded the total revenue of approximately NTD931.96 million, Profit for the year attributable to owners of the Company amounted to approximately NTD24.28 million. Basic earnings per share were NTD2.43cents. During the period under review, revenue from turnkey solutions amounted to approximately NTD418.45 million, accounting for approximately 44.90% of the Group’s total revenue. The revenue from the trading of parts and used Semiconductor Manufacturer Equipment (SME) amounted to approximately NTD513.51 million, accounting for approximately 55.10% of the Group’s total revenue. During the period under review, under the ongoing geopolitical tensions, the Group has established a solid strategic direction, as well as deepened cooperation with existing international clients and actively explored new models of collaboration. The Group’s revenue from operations in Japan significantly increased by 2,667.38% compared with last year, representing approximately 5.67% of the Group’s total revenue, while revenue from operations in Singapore increased by 41.56% from last year, representing approximately 12.29% of the Group’s total revenue.Since 2024, the semiconductor industry has seen a significant recovery and entered an upward cycle. Given that the rise of artificial intelligence (AI) technology provides a new driver for the continuous development of the industry, it is generally predicted that generative AI will affect more than 70% of semiconductor products in the coming years. According to the Semiconductor Industry Association (SIA), global semiconductor chip sales hit record high at USD627.6 billion in 2024, representing an increase of 19.1%, benefiting from strong demand for AI processors and memory. The sales in the fourth-quarter amounted to USD170.9 billion, representing an increase of 17.1% as compared to the fourth quarter of 2023 and an increase of 3.0% as compared to the third quarter of 2024. The Market Intelligence & Consulting Institute (MIC) of Taiwan estimates that the production value of Taiwan’s semiconductor industry will reach NTD4.76 trillion in 2024, representing an increase of 21.3%. The mainstream communication product sector has stabilized and showed growth, which has injected growth momentum to certain sub-sectors. Looking ahead to 2025, advanced chips will continue to drive the output growth of semiconductor industry, and Taiwan's semiconductor industry is projected to reach a total production value of NTD5.52 trillion in 2025, representing a 15.9% increase.Mr.Yang Ming-Hsiang, Chairman and Chief Executive Officer concluded: “Although the semiconductor industry is expected to continue its upward trajectory, it will be subject to certain uncertainties, including geopolitical risks, volatility of global economic policies, changes in end-market demand and dynamic adjustment on demand and supply from new production capacity. In addition, the continued Sino-U.S. semiconductor technology rivalry, especially the tightened control of AI chips export across the globe by the United States, will become a critical and unneglectable issue in the development of semiconductor industry. As such, the Group will pay close attention to the variables and respond to market changes in a prudent and flexible manner to ensure sustainable development. The Group will also capture development opportunities and strengthen its core competitiveness to create long-term shareholder value.”About Genes Tech Group Holdings Co. Ltd (Stock Code: 8257.HK)Genes Tech Group Holdings Co. Ltd is a turnkey solution provider and exporter of parts and used SME in Taiwan. Since the commencement of its business in 2009, the Group mainly engaged in providing turnkey solution for parts and used SME for its customers and modifying and/or upgrading the semiconductor equipment of its production systems according to customers needs. In addition, the Group is also engaged in the trading of parts and used SME. The parts and used SME supplied by the Group included furnaces, clean tracks and other related items, which were used at the front-end of the semiconductor manufacturing process, wafer fabrication such as deposition, photoresist coating and development, and these were extensively applied in mobile phones, game consoles, DVD players, automotive sensors and other digital electronic products.The press release is distributed by Vitalink Consultants Limited on behalf of Genes Tech Group Holdings Co. Ltd. For enquiry, please contact:Ms. Natural Lau  Tel: (852) 2529 7999  Email: Natural.lau@vitalink.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.

SINGAPORE, Mar 24, 2025 - (ACN Newswire via SeaPRwire.com) - Wintermar’s Operating Profit jumped by 101.5%YOY to US$17.8 million on the back of a 13.5%YOY increase in Total Revenue to US$82.4million, from higher charter rates and a better fleet mix of DP (Dynamic Positioning) vessels.Owned Vessel DivisionOwned Vessel Revenue rose by 28.9%YOY to US$62.1million for FY2024 from US$48.2million in FY2023. This was driven by a larger number of DP vessels in the fleet which pushed the average charter rates for 2024 up by 26% as compared to the average charter rate in 2023.  These factors contributed to a 106.2%YOY jump in Gross Profit from Owned Vessels to US$22.4million for FY2024 with vessel utilization in 2024 at 66%, slightly lower than 68% for 2023.Owned Vessel gross margin has increased to 36.1% in FY2024 as compared to 22.6% in FY2023, reflecting a strong increase in charter rates as well as a better fleet exposure to the DP segment. Our 5150BHP to 8000BHP AHTS as well as PSVs experienced a higher charter rate boost than the rest of the fleet due to rising demand for deeper water drilling projects, which require DP capability.Vessel utilization fell in 4Q2024 to 63% compared to 67% in 3Q2024. Some vessels completed spot contracts while the monsoon season in Brunei also impacted utilization.   These vessels underwent maintenance and will start operations again in mid 1Q2025.  The additional PSV which was delivered in October 2024 did not commence operations until January 2025.                    Chartering Division and Other ServicesGross Profit from Chartering rose by 28.7%YOY to US$1.4million, despite slightly lower revenue of US$13.7million, reflecting improved margins. Gross Profit from Other Services recorded a decline of 16.7%YOY to US$2.6million upon the completion of a contract. Total Revenue for FY2024 rose 13.5% YOY to US$82.4 million with Total Gross Profit of US$26.4 million (+75.5%YOY) for FY2024 as compared to Total Revenue of US$72.6 million and Total Gross Profit of US$15.0 million in FY2023.Direct Expenses and Gross ProfitOwned Vessel Direct expenses rose by 6.4% YOY to US$39.7million, largely from higher maintenance costs, which rose by US$7.5million (+21.8%YOY), in additional to higher crewing costs of US$10.3million (+10.5%YOY).The higher maintenance and crewing costs are aligned with operating a fleet of higher value vessels and a larger proportion of operations outside of Indonesia. Depreciation costs rose by 5.4%YOY to US$13.4million as the number of operational vessels increased. Bunker costs rose by 7.2%YOY to US$3.3million due to higher oil prices and a larger number of vessels mobilized in and out of Indonesia.Indirect Expenses and Operating ProfitIndirect Expenses rose by 38.5%YOY to US$8.6million, with Staff Salary contributing US$1million to the increase, reflecting a focus on strengthening the operations, technical and IT teams to manage a higher value fleet, as well as the payment of employee bonuses in line with the strong operational performance. As the Company now participates in more international tenders, there has been an increase in marketing expenses by 164.8%YOY to US$0.66million.Operating margins jumped to 21.6% for FY2024 compared to 12.2% in 2023, as Operating Profit doubled to US$17.8million for FY2024, reflecting the impact of operational gearing on the Company’s profitability as charter rates begin to rise.Other Income, Expenses and Net Attributable ProfitInterest Expenses and financial charges fell by 4.2%YOY to US$1.2million while interest income rose by 582%YOY to US$0.46million, as the Company continued to accumulate cash flow and pay down debt. Equity in net earnings of associates jumped to US$2.4million for FY2024 from US$0.55million in FY2023, with strong contribution from associated companies with OSV operations which also benefitted from the strong industry upturn.The sale of fixed assets contributed a one-off gain of US$16.1million, largely from the sale of an older PSV in the first half of 2024. Due to the strengthening of the A, the Company recorded a FX loss of US$0.47million mainly from Rupiah denominated trade receivables.Non-controlling interest was significantly higher at US$9.8million compared to a small loss of US$0.04million in FY2023. The largest contributor to this was from the gain on sale of fixed asset as well as the stronger earnings from the PSV business which is 51% controlled by Wintermar.Net Attributable Profit to shareholders for FY2024 was US$22.5million, a significant jump of 237% compared to US$6.7million in FY2023. Excluding the gain on sale of Vessel, the underlying core profit increased by 126.5%YOY to US$15.1million compared to US$6.6 million in FY2023.FY2024 EBITDA increased by 44.8% YOY to US$31.5million.Industry OutlookThe recent months have been characterized by rising global uncertainty arising from dramatic policy changes in the US, the prospect of tariff wars and the fragile ceasefire in Gaza. These upheavals have not derailed the underlying momentum in the upstream investment cycle, which seems to still be unfolding as major oil companies have started to roll back renewable energy projects in favour of investing in oil and gas. The oil price has corrected from previous highs but is forecasted to stay firm in the next couple of years from OPEC+ intervention.In Indonesia, the government remains committed to the various major deepwater projects which have received investment approval in the past 12 months. SE Asian charter rates corrected slightly at the end of 2024 after a very sharp spike up in the past 12 months.  However, there are several  Engineering Procurement (EPCI) projects which require  OSV for short-term projects, which accounts for a more volatile utilization of the OSV fleet.                   Business ProspectsDespite a slower 4Q2024, we are still optimistic on the outlook for OSVs in Indonesia as there are several approved deepwater drilling projects particularly in the Makassar strait and the Andaman sea which are likely to commence in 2H2025 to 2026.  Some EPCI contracts have been awarded and tendering for the marine spread is ongoing for 2H2025 commencement. All this points to continued short term contracts, by virtue of where we are at this early stage of the drilling cycle, and we expect continued volatility in utilization rates while charter rates should remain firm.Wintermar took delivery of 3 units of newbuilt Heavy Load Barges (HLB) between December 2024 to February 2025.  The vessels are in the process of conversion to Indonesian flag and will be ready to work by 2Q2025.  In addition, the Company has ordered a newbuilt Platform Supply Vessel for delivery in 2026, which will enhance the DP capability of the fleet and reduce average age of the fleet.  These acquisitions have been funded through internal cash flow and will be refinanced upon delivery.  In 2H2025, another reactivated PSV is expected to be operational, adding to our capacity for 2025.Contracts on hand as at end February 2025 amounted to US$66million.                About Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.For further information, please contact:Ms. Pek Swan Layanto, CFAInvestor RelationsPT Wintermar Offshore Marine TbkTel (62-21) 530 5201 Ext 401Email: investor_relations@wintermar.com  DISCLAIMERCertain statements made in this publication involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. Certain statements relating to business and operations of PT Wintermar Offshore Marine Tbk and Subsidiaries (the Company) are based on management’s expectations, estimates and projections. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Certain statements are based upon assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements. The Company makes no commitment, and disclaims any duty, to update or revise any of these statements. This publication is for informational purposes only and is not intended as a solicitation or offering of securities in any jurisdiction. The information contained in this publication is not intended to qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to the Company and should not be relied upon for the purpose of making investment decisions concerning any securities of the Company. Copyright 2025 ACN Newswire via SeaPRwire.com.