Hong Kong Jewellery Design Competition winners revealed

HONG KONG, Aug 10, 2020 – (ACN Newswire) – The results of the 21st Hong Kong Jewellery Design Competition have been announced, with designer Lee Wing-yan, sponsored by Luk Fook Holdings (International) Limited, taking the top prize with her entry "Freedom and Bondage". The main design element of her earrings is a group of flying doves breaking free from their tethers to reclaim their freedom. Ms Lee took the Best of Show Award & Craftsmanship and Technology Award in the Open Group in recognition of her excellence in jewellery design and craftsmanship. The theme for this year's Jewellery Design Competition was "Relative, Compatible".



The judging panel comprising: Kwong's Art Jewellery Trading Company & My Jewelry Founder Mark Ho; Co-Wear Int'l Ltd Design Director Hidy Ng; Vice Chairman, the Board of Trustees, Wai Yin Association Anne Heung; Headragon Ltd Director Pinky Seung, katetsui.com Founder Kate Tsui; DORIS KATH Creative Director Doris Kath Chan; and Ka Shing Jewellery Designer Robin Lai (L-R).



Another Best of Show Award winner in the Open Group was designer Tang Yuk-ying, sponsored by C.S.S. Jewellery Co. Limited, who created "The Harmony of Sea and Land" using blue and yellow ribbons to represent the symbiosis between ocean and land. Her creative and delicate bracelet expresses how having an open mind and loving heart allows people to live in harmony. Designer Chareine Lee, sponsored by Charente Fine Jewelry, also won a Best of Show Award in the Open Group with her entry "Eternity". Her meticulous pendant shaped as a set of unique gears represents the "eternity of time".

In the Student Group, Chung King-wai from the Hong Kong Design Institute created an exceptional pendant to take the top place. His entry "Metal and Wood" is a simple yet striking design combining two contrasting materials that reflects the competition's theme. Hattie Chan from the Technological and Higher Education Institute of Hong Kong with her entry "Coral" and Law Yuen-kwan from the Hong Kong Design Institute with her entry "Victoria" were joint first runners-up in the Student Group.

The Hong Kong Jewellery Design Competition is jointly organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Jewellers' & Goldsmiths' Association, Hong Kong Jewellery & Jade Manufacturers Association, Hong Kong Jewelry Manufacturers' Association and the Diamond Federation of Hong Kong, China. This year was the 21st edition of the competition which, over the past two decades, has served to identify many budding talents and promote Hong Kong jewellery products to an international audience.

The latest edition of the competition received around 160 entries. After screening by a panel of seven judges, the winning entries in the Open and Student groups were announced.

Organised by the HKTDC, the HKTDC Hong Kong International Diamond, Gem & Pearl Show will take place from 1 to 5 March 2021 at AsiaWorld-Expo while the HKTDC Hong Kong International Jewellery Show will be held from 3 to 7 March 2021 at the Hong Kong Convention and Exhibition Centre. The 22nd Hong Kong Jewellery Design Competition, with the theme "Light. Shadow", is now open for application. For more details please refer to https://bit.ly/3gl2bJX

Fair websites:
Hong Kong International Diamond, Gem & Pearl Show: https://hkdgp.hktdc.com
Hong Kong International Jewellery Show: https://hkjewellery.hktdc.com
Photo download: https://bit.ly/3fLFFdp

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: http://www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Contact:
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

GOME’s GMV from online community + GOME APP Grew by over 70% in 1H20, Empowering the rapid business development in 2H20

HONG KONG, Aug 10, 2020 – (ACN Newswire) – GOME Retail (HKEx stock code: 493) stated in the announcement that the Group's sales revenue for the six months ended 30 June 2020 is expected to be impacted by the outbreak of novel coronavirus (COVID-19). However, the Group withstood this stress test and its affected bulk home appliance business has improved in the second quarter this year following the gradual alleviation of the epidemic, achieved 103% sales growth quarter on quarter. Especially in June 2020, sales revenue was basically flat as compared with the corresponding period last year. The consolidated gross profit margin has shown a trend of month-on-month recovery in the second quarter and reached approximately 15% in June.

During the Reporting Period, GMV of the Group is expected to be flat as compared with the corresponding period last year. Among which, GMV of online community + GOME APP is expected to grow by over 70% and daily GMV exceeded RMB 1 billion. In the meanwhile, the number of online communities of the Group grew over 40% year on year to over 200,000 and reached more than 66 million users(representing 65% increase year on year). With regard to capital, the Group maintained sufficient capital after the full repayment of overseas bonds with a principal amount of US$500 million in total during the Reporting Period. As of 30 June 2020, the Group's cash and cash equivalents are expected to exceed RMB10,000 million. In generally, the impact of the epidemic on the Group's business was transient and temporary. Leveraging the competitive advantages gained over the years in respect of nationwide chain-store network, new technologies, online-offline integration, supply chain, logistics and professional services, the Group will continue to explore opportunities of the retail industry, grasp the development potentials arising from consumption upgrade, 5G and IoT, leading and further probing the new development of retail industry.

Further enhances full-fledged retail business by grasping market trend
In the first half of 2020, leveraging the advanced local networking layout and the consumption upgrade of the "Stay Home Economy", the Group actively expanded its online community by centering on its physical stores and expanding to the surrounding 3-5 km communities. At the same time, GOME made good use of the comprehensive upgrade of "Store" channel on GOME APP to grow the sales conversion rate by more than 150% year on year. Additionally, the Group fully leveraged its resources and capabilities through the comprehensive operation on supply chain, online communities, logistics and services, creating a quality live streaming model with a feature of "authority + knowledge + scenario". As of now, the Group already hosted over 1,000 live streaming events with various themes and scale, reached over 100 million people. In four of the super live streaming events, the Group's sales revenue totalled RMB 2,500 million.

In the second half of this year, the Group and the authoritative media CCTV News will jointly hold the live streaming events across 31 provinces nationwide, showcasing the "New Store Mode" of GOME to thousands of households, bringing consumers an upgraded living experience.

In addition, the Company makes great efforts on C2M reverse customization and enhances the digital engagement of product selection, having created chart-topping items under different brands. In the first half of this year, the proportion of the customized and differentiated products increased from 37% to 45%. Together with the Company's advantage of integration solutions, package sales, solution-based products and services, it will enable the Company to maintain its gross profit margin at the high-end range of the industry.

Strategically synergizes with partners to enjoy mutual benefits through collaboration
The Group reached strategic cooperation agreements with JD.com and Pinduoduo.com respectively in the first half of the year and already entered into the in-depth cooperation phase. JD.com has provided non-home appliance products to the Group, expanding Gome's SKUs to comprehensive product mix. In the first half of the year, the sales revenue of the Group generated from JD.com, Pinduoduo.com and other e-commerce platforms is expected to grow more than 100 times year on year and the Group will strive to achieve RMB 20,000 million annual sales goal in the second half of this year. Along with the in-depth strategic cooperation with these two companies, the Group will further accelerate its implementation of "Home Living" strategy.

Completed infrastructure construction and entered into the new development stage
Since 2017, the Group adopted an unswerving strategy of developing into an Internet-based enterprise. Leveraging the convergence of online and offline channels, the Group built a comprehensive platform featuring retail, services and smart connection. The Group steadily become an integrated solution, service solution and supply chain provider under the "Home Living" strategy, meeting customers' diversified needs and their pursuit of a wonderful life in the new era. The Group has successfully completed its infrastructure construction, with the integration of online and offline operations and the optimization of the store network. In addition, the business model of "In-store", "In-home" and "In-online" has become increasingly mature. Starting from this year, the Group enters a remarkable development stage. GOME will seize the development trend of retail industry, redefining the home community by meeting households' various material and spirit requirements. Targeting on different age groups and stages of families, the Group will create multi-function living communities to meet their requirements of catering, shopping, culture, entertainment, social intercourse, family gathering and fitness, by forming a new online and offline integrated community services platform. GOME strives to become the leading digital local community retailer and persists on creating a quality and wonderful life for households in China.

About GOME Retail Holdings Limited
Founded in China in 1987, GOME Retail Holdings Limited has been listed on the Hong Kong Stock Exchange since July 2004 (stock code: 493) and is engaged in the retail business of electrical appliances and consumer electronics in China. It is a well-known electrical appliances and consumer electronics retail chain enterprise in China. In order to establish the new retail pathway with GOME's iconic characteristics, GOME is transforming from traditional "home appliances retailer" to become a "Home Living" one-stop home solution, a service solution and a supply chain provider, to provide customers with quality goods and services covering home appliances, home decorations, home accessories and home services. Please visit our website for more information: www.gome.com.hk



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

WiMi Hologram Cloud Inc. Establishes Subsidiary to Accelerate Development of its Holographic Vision Intelligent Robots and Fabless Semiconductor Businesses

BEIJING, Aug 10, 2020 – (ACN Newswire) – WiMi Hologram Cloud, Inc. ("WiMi" or "the Company") (NASDAQ: WIMI) today announced the establishment of a wholly-owned subsidiary to accelerate development of its holographic vision intelligent robots and fabless semiconductor businesses.

The wholly-owned subsidiary of the Company, Lixin Technology Co., Ltd. ("Lixin Technology"), with an initial registered capital of RMB200 million, will focus on research, development and sales of holographic vision intelligent robots and related holographic vision technology services. Lixin Technology will also leverage its parent company's related patents and copyrights to develop semiconductor products and sell such products to customers across the broader holographic ecosystem. Lixin Technology will focus on a new upstream business in the domestic smart product market, and research, development and sales of semiconductor chips to further enhance the Company's competitiveness.

As a fabless semiconductor company, Lixin Technology will become the latest entrant into China's already large, well-funded domestic semiconductor industry. One of the main goals of Made in China 2025, a strategic plan issued in 2015 to promote Chinese technological manufacturers in the global marketplace, is achieving self-sufficiency, as China continues to influence the global semiconductor industry. According to a report published by Morgan Stanley on June 16, 2020, sales of China-designed chips are forecast to rise from US$18 billion in 2019 to US$48 billion in 2025, with Chinese semiconductor companies meeting 40% of domestic demand by 2025.

Lixin Technology will be based in the Hainan province of China and will be able to benefit from favorable tax status and government support of the fast growing semiconductor industry, industrial and automation technologies and applications of intelligent vision and holographic vision. The Company anticipates its new subsidiary will help develop its fabless semiconductor business by integrating IC design enterprises with its extensive proprietary technologies. The investment and establishment of Lixin Technology is in line with the Company's optimization of its supply chain management, cost reductions and competitiveness, and the Company's ongoing efforts to bolster its innovation, design and technical capabilities.

At present, the businesses of many global technology leaders, including Qualcomm, MediaTek, and Nvidia, involve ecological systems such as artificial intelligence, 5G, and the Internet of Things. Therefore, the demand for upstream suppliers is no longer limited to the supply of electronic components or products. It also requires market participants to possess technical service capabilities, comprehensive solution provision capabilities, and one-stop value-added service capabilities.

With the increasing demand of semiconductor application solutions related to holographic 3D vision, the Company will provide corresponding semiconductor solutions to meet the market demand of holographic 3D vision based on its application demand, in order to realize the purpose of promoting the application and popularization of holographic 3D vision technology in the semiconductor industry.

About WIMI Hologram Cloud Inc.
WiMi Hologram Cloud, Inc. (NASDAQ: WIMI), whose commercial operations began in 2015, operates an integrated holographic AR application platform in China and has built a comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. Its extensive portfolio includes 4,654 AR holographic contents. The company has also achieved a speed of image processing that is 80 percent faster than the industry average. While most peer companies may identify and capture 40 to 50 blocks of image data within a specific space unit, WiMi collects 500 to 550 data blocks.

For more information, please visit http://ir.wimiar.com/.

Safe Harbor / Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Nissin Foods Invests in Local Hydroponic Farm To Enrich its Ready-to-eat Vegetable Portfolio

HONG KONG, Aug 10, 2020 – (ACN Newswire) – Nissin Foods Company Limited ("Nissin Foods", together with its subsidiaries, the "Group"; Stock code: 1475) has today announced that the Group invested in ValleyFarm Holdings Limited ("ValleyFarm"), an indoor hydroponic farm in Hong Kong. The invested fund would be used to build a new farm with upgraded facilities for hydroponic vegetable production. While ValleyFarm's products are currently available in supermarkets in Hong Kong, the new farm will commence operation within this year and target to increase its production capacity by 10-folds in three years. Nissin Foods considers it as an opportune time to meet the growing market demand for fresh, tasty yet convenient food amid the COVID-19 pandemic.



Mr. Kiyotaka ANDO (on the right), Executive Director, Chairman and Chief Executive Officer of Nissin Foods, and Mr. HO King Yin Edwin (on the left), founder of ValleyFarm, both see good market potential in ready-to-eat vegetables.



ValleyFarm is a pioneer and an indoor hydroponic farm being accredited by the Agriculture, Fisheries and Conservation Department (AFCD) since 2019. It operates as a one-stop shop from vegetables plantation to the selling of indoor hydroponic vegetables locally in Hong Kong under the brand of "ValleyFarm". After the capital injection, the Group will hold the 80% shares in ValleyFarm and the ValleyFarm's founder, Mr. HO King Yin Edwin, will hold the remaining 20% shares and shall remain as a director, overseeing the research & development and daily operation of ValleyFarm. The transaction has been completed today, 10 August 2020.

Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "We have been looking for good opportunities to invest in order to enrich our product portfolio and broaden the customer base of the Group. ValleyFarm fits well into our instant food business as well as the fresh-cut vegetable business under development. Capitalising on the management expertise and distribution network of Nissin Foods to create synergy, our investment would improve the prospect and operational efficiency of ValleyFarm, in turn further expanding the revenue stream and enhancing the overall competitiveness of the Group."

By applying hydroponic technology to the cultivation, ValleyFarm's vegetables are pesticide-free and washing-free, ready for consumption anytime and anywhere. Currently, the vegetables are mainly being sold in medium-range to high-end supermarkets and available in a salad mix or single type of vegetable in cup, bag and box of 40 gram to 140 gram. The salad vegetables include kale, butter lettuce, Japanese green leaf, wasabi lettuce, and red lettuce, etc. According to AFCD figures, locally produced vegetables only account for 2% of the daily demand of 2,361 tonnes of vegetables in Hong Kong in 2019. The Group sees good market potential in locally produced ready-to-eat vegetables.

Apart from this investment in a local hydroponic farm, the Group also announced to set up its first production line on pre-packaged ready-to-eat fresh-cut vegetables in Hong Kong earlier this year to meet the growing demand for healthy, delicious and convenient food. The new production line is under construction in the Group's chilled and frozen food production plant in Tai Po Industrial Estate, and production is expected to commence within this year.

About Nissin Foods Company Limited
Nissin Foods Company Limited (The "Group"; Stock code: 1475) is a renowned food company in Hong Kong and the PRC with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely "NISSIN" and "DOLL" together with a diversified portfolio of iconic household premium food brands. The Group's five flagship product brands, namely "Cup Noodles", "Demae Iccho", "Doll Instant Noodle", "Doll Dim Sum" and "Fuku" are also among the most popular choices in their respective food product categories in Hong Kong. In the PRC market, the Group has introduced technology innovation through the "ECO Cup" concept into the market and primarily focuses its sales efforts in first- and second-tier cities located in the eastern and southern parts of the PRC. For more information, please visit www.nissingroup.com.hk.

For media enquiries:
Nissin Foods Company Limited
Public Relations Department
Blanche Wong / June Lau
Email: pr@nissinfoods.com.hk

For investor enquiries:
Nissin Foods Company Limited
Investor Relations Department
Shingo Yamazaki / Peter Kwok
Email: ir@nissinfoods.com.hk

Strategic Financial Relations Limited
Vicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hk
Carven Tsui Tel: (852) 2864 4859 Email: carvensm.tsui@sprg.com.hk
Cara Lau Tel: (852) 2864 4890 Email: cara.lau@sprg.com.hk


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Software AG partners with Universitas Gajah Mada (UGM) to drive digitalization in Indonesian Government Sector

Yogyakarta, Indonesia, Aug 10, 2020 – (ACN Newswire) – Software AG has announced a strategic partnership with Universitas Gajah Mada (UGM), Indonesia's leading public University, to drive digitalization in the Indonesian Government Sector and prime UGM graduates entering the job market. The partnership will begin with two initial steps:

The first, an Educational Webinar on August 14, open to all government officials.

Software AG and UGM will host a Webinar on Digital Transformation in the Indonesian Government Sector.
UGM will present their most recent findings, including challenges to the digitalization efforts of government bodies in Indonesia, and recommend strategies for a fast start to becoming a truly digitalized government.
Software AG will showcase highly relevant use cases from various government bodies in the US, UK, Germany, Singapore and Australia.

The second step is an Academic Partnership.

Software AG will provide a market-oriented education through UGM, giving graduates entering the job market an excellent head start, forming an integral and critical part of the digital transformation of the nation.

Prof Ir Panut Mulyono, Rector of UGM, said, "A close collaboration between the private sector and academia is essential. This is in line with our Minister of Education and Culture Nadiem Makarim's Independent Campus Policy, where universities are encouraged to develop partnerships with world class companies. With the upcoming Webinar, we provide thought leadership, views and ideas for the government sector to digitally transform in a safe and sustainable way; and with the Academic Partnership we are upskilling our students to support this transformation with a highly qualified workforce in the future."

Anneliese Schulz, President of Software AG Asia Pacific Japan, said, "What excites me the most is the opportunity to support upskilling student talent into world class tech professionals, who will contribute to the development of the nation. And when we look into government digitalization efforts in Indonesia and elsewhere, integration is a key enabler to modernize and innovate. As the world leading integration technology provider, we can share proven use cases from various sectors as well as the key learning from government bodies worldwide which will benefit Indonesia greatly."

The Ministry of Administrative Reform measured the e-government maturity level over 616 government institutions in 2018, and concluded that a majority of government institutions have been implementing e-services, particularly for internal work. However, these e-services share common problems: lack of integration, unsustainability, and low use, pointing to an absence of integrated and holistic policy, and partial planning and strategies in implementing e-government. Before 2018, there was no guidance and standard to develop e-services. As a result, "many government institutions in Indonesia have only developed partial e-services, even in the sake of innovation." (GovAsia https://tinyurl.com/yyvsn3k6)

About UGM
Gadjah Mada University is a public research university located in Yogyakarta, Indonesia. Officially founded on 19 Dec 1949, UGM is one of the oldest and largest institutions of higher education in the country, and among the best in many areas. Following its internationalisation programme, the setting at UGM continues to grow in an Indonesian as well as international atmosphere.

About Software AG
We reimagine integration, spark business transformation and enable fast innovation on the Internet of Things so you can pioneer differentiating business models. We give you the freedom to connect and integrate any technology – from app to edge. We help you free data from silos so it's shareable, usable and powerful – enabling you to make the best decisions and unlock entirely new possibilities for growth. Learn more about Software AG and Freedom-as-a-Service at www.softwareag.com.


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Jaguar Mining Reports Second Quarter 2020 Financial Results

TORONTO, ON / ACCESSWIRE, Aug 7, 2020 – (ACN Newswire) – Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX:JAG) today announced financial and operating results for the three months ("Q2 2020") and six months ended June 30, 2020. All figures are in US Dollars, unless otherwise expressed.







Q2 2020 Operating Summary

– Consolidated gold production increased 43% with 23,483 ounces produced (208,000 tonnes milled, average grade of 4.00 g/t) in Q2 2020 compared to 16,365 ounces produced in Q1 2019 and 28% compared to 18,366 ounces produced in Q2 2019.
– Pilar mine gold production increased 17% with 13,452 ounces produced compared to 11,521 ounces produced in Q1 2020 and increased 28% compared to 10,543 ounces produced in Q2 2019.
– Turmalina mine gold production of increased 6% with 10,031 ounces produced compared to 9,487 ounces produced in Q1 2020 and increased 28% compared to 7,823 ounces produced in Q2 2019.
– Primary development increased 30% to 1,707 meters compared to 1,310 meters completed in Q2 2019.
– Sustaining capital expenditures of $6.1 million invested in mining equipment and development.

Q2 2020 Financial Results Summary

– Gross profit increased 312% to $23.9 million compared to $5.8 million in Q2 2019.
— Increased profitability in Q2 2020 reflects higher operating production quarter-over-quarter, and also an increase in the average realized gold price of $1,703/oz in Q2 2020 compared to $1,286/oz for Q2 2019.
– Consolidated Cash operating costs ("COC") decreased 25% to $586 per ounce of gold sold for Q2 2020, compared to $786 during Q2 2019.
– Consolidated all-in sustaining costs ("AISC") decreased 35% to $882 per ounce of gold sold in Q2 2020, compared to $1,366 during Q2 2019.
— Decrease in costs is mainly due to increase in production, higher head-grade and devaluation of the BRL currency.
– Operating cash flow of $27.5 million; adjusted EBITDA of $27.2 million.
– Net income of $19.2 million, or net income per share of $0.03.
– Free cash flow was $21.4 million for Q2 2020 based on operating cash flow, less sustaining capital, compared to negative $0.9 million in Q2 2019. The free cash flow for the quarter includes approximately $3.2M of sales proceeds from Q1 2020 which was received in Q2 2020.
— Free cash flow was $858 per ounce sold in Q2 2020 compared to negative $47 per ounce sold in Q2 2019.
– Strong treasury as of June 30, 2020, with cash of $30.2 million compared to cash of $12.1 million on March 31, 2020, demonstrating significant generation of pre-tax free cash flow.

Vern Baker, President and CEO of Jaguar Mining stated: "These strong second quarter results reflect our steady progression to reach our sustainable goal of 25,000 ounces per quarter. The financials reflect both improving production performance and strong tailwinds in the form of a weaker Brazilian Real and improving prices for gold. We are pleased to report that this is now our fifth quarter in a row with increasing ounce production. All the members of our Brazilian team of miners have demonstrated a commitment to moving our company through this current COVID-19 crisis and building a sustainable organization.

COVID-19 remains our key risk in terms of maintaining momentum. Cases in Brazil have been on the increase and our team has now reported its first few cases with our people. However, the team has remained calm and focused, and people who have confirmed positive with the virus, have now returned to work after appropriate quarantining. All our people are working to manage our way through the COVID-19 issue, and we have developed plans to deal with various potential scenarios as the situation continues to unfold.

Vern added, "We are pleased to report that Pilar Gold Mine reached a new production record for the quarter with 13,452 ounces produced. Turmalina Gold Mine production continues to improve, and this quarter reported a 6% increase from the prior quarter with 10,031 ounces produced, and development rates at Turmalina are sufficient to augment production in the second half of the year.

Jaguar enters the second half of the year with a very strong balance sheet, a sustainable production platform, excellent exploration opportunities, an impressive position in the Iron Quadrangle; both in hectares and in available infrastructure, and an outstanding cash flow position. With this strong performance, our supportive board have approved additional expenditures in 2020 for exploration and project evaluation."

Q2 2020 Financial Results
Table 1: https://pr.report/j4AyQ9v2
Table 2: https://pr.report/OSPNrpw7

Cash Position and Use of Funds

– Strong treasury as of June 30, 2020, with cash of $30.2 million compared to cash of $12.1 million on March 31, 2020. Brazilian Bank debt of $1 million was also paid down and $0.7 million of common shares were bought back through the Normal Course Issuer Bid program.
– As at June 30, 2020, working capital was $25.8 million, compared to $9.4 million as at December 31, 2019, which includes $3.5 million in loans from Brazilian banks, which mature every six months and are expected to be rolled forward.

Qualified Persons

Scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, BSc (Hons) (Economic Geology – UCT), Senior Expert Advisor Geology and Exploration to the Jaguar Mining Management Committee, who is also an employee of Jaguar Mining Inc., and is a "qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

The Iron Quadrangle

The Iron Quadrangle has been an area of mineral exploration dating back to the 16th century. The discovery in 1699-1701 of gold contaminated with iron and platinum-group metals in the southeastern corner of the Iron Quadrangle gave rise to the name of the town Ouro Preto (Black Gold). The Iron Quadrangle contains world-class multi-million-ounce gold deposits such as Morro Velho, Cuiaba, and Sao Bento. Jaguar holds the second largest gold land position in the Iron Quadrangle with just over 25,000 hectares.

About Jaguar Mining Inc.

Jaguar Mining Inc. is a Canadian-listed junior gold mining, development, and exploration company operating in Brazil with three gold mining complexes and a large land package with significant upside exploration potential from mineral claims covering an area of approximately 64,000 hectares. The Company's principal operating assets are located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex and Caete Mining Complex (Pilar and Roca Grande Mines, and Caete Plant). The Company also owns the Paciencia Gold Mine Complex, which has been on care and maintenance since 2012. The Roca Grande Mine has been on temporary care and maintenance since April 2019. Additional information is available on the Company's website at www.jaguarmining.com.

For further information please contact:

Vernon Baker
Chief Executive Officer
Jaguar Mining Inc.
vernon.baker@jaguarmining.com
416-847-1854

Hashim Ahmed
Chief Financial Officer
Jaguar Mining Inc.
hashim.ahmed@jaguarmining.com
416-847-1854

Forward-Looking Statements

Certain statements in this news release constitute "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking statements and information are provided for the purpose of providing information about management's expectations and plans relating to the future. All of the forward-looking information made in this news release is qualified by the cautionary statements below and those made in our other filings with the securities regulators in Canada. Forward-looking information contained in forward-looking statements can be identified by the use of words such as "are expected," "is forecast," "is targeted," "approximately," "plans," "anticipates," "projects," "anticipates," "continue," "estimate," "believe" or variations of such words and phrases or statements that certain actions, events or results "may," "could," "would," "might," or "will" be taken, occur or be achieved. All statements, other than statements of historical fact, may be considered to be or include forward-looking information. This news release contains forward-looking information regarding, among other things, expected sales, production statistics, ore grades, tonnes milled, recovery rates, cash operating costs, definition/delineation drilling, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of projects and new deposits, success of exploration, development and mining activities, currency fluctuations, capital requirements, project studies, mine life extensions, restarting suspended or disrupted operations, continuous improvement initiatives, and resolution of pending litigation. The Company has made numerous assumptions with respect to forward-looking information contained herein, including, among other things, assumptions about the estimated timeline for the development of its mineral properties; the supply and demand for, and the level and volatility of the price of, gold; the accuracy of reserve and resource estimates and the assumptions on which the reserve and resource estimates are based; the receipt of necessary permits; market competition; ongoing relations with employees and impacted communities; political and legal developments in any jurisdiction in which the Company operates being consistent with its current expectations including, without limitation, the impact of any potential power rationing, tailings facility regulation, exploration and mine operating licenses and permits being obtained and renewed and/or there being adverse amendments to mining or other laws in Brazil and any changes to general business and economic conditions. Forward-looking information involves a number of known and unknown risks and uncertainties, including among others: the risk of Jaguar not meeting the forecast plans regarding its operations and financial performance; uncertainties with respect to the price of gold, labour disruptions, mechanical failures, increase in costs, environmental compliance and change in environmental legislation and regulation, weather delays and increased costs or production delays due to natural disasters, power disruptions, procurement and delivery of parts and supplies to the operations; uncertainties inherent to capital markets in general (including the sometimes volatile valuation of securities and an uncertain ability to raise new capital) and other risks inherent to the gold exploration, development and production industry, which, if incorrect, may cause actual results to differ materially from those anticipated by the Company and described herein. In addition, there are risks and hazards associated with the business of gold exploration, development, mining and production, including environmental hazards, tailings dam failures, industrial accidents and workplace safety problems, unusual or unexpected geological formations, pressures, cave-ins, flooding, chemical spills, procurement fraud and gold bullion thefts and losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks). Accordingly, readers should not place undue reliance on forward-looking information.

For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Annual Information Form and Management's Discussion and Analysis, as well as other public disclosure documents that can be accessed under the issuer profile of "Jaguar Mining Inc." on SEDAR at www.sedar.com. The forward-looking information set forth herein reflects the Company's reasonable expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Non-IFRS Measures

This news release provides certain financial measures that do not have a standardized meaning prescribed by IFRS. Readers are cautioned to review the below stated footnotes where the Company expands on its use of non-IFRS measures.

1. Cash operating costs and cash operating cost per ounce are non-IFRS measures. In the gold mining industry, cash operating costs and cash operating costs per ounce are common performance measures but do not have any standardized meaning. Cash operating costs are derived from amounts included in the Consolidated Statements of Comprehensive Income (Loss) and include mine-site operating costs such as mining, processing and administration, as well as royalty expenses, but exclude depreciation, depletion, share-based payment expenses, and reclamation costs. Cash operating costs per ounce are based on ounces produced and are calculated by dividing cash operating costs by commercial gold ounces produced; US$ cash operating costs per ounce produced are derived from the cash operating costs per ounce produced translated using the average Brazilian Central Bank R$/US$ exchange rate. The Company discloses cash operating costs and cash operating costs per ounce, as it believes those measures provide valuable assistance to investors and analysts in evaluating the Company's operational performance and ability to generate cash flow. The most directly comparable measure prepared in accordance with IFRS is total production costs. A reconciliation of cash operating costs per ounce to total production costs for the most recent reporting period, the quarter ended June 30, 2020, is set out in the Company's second quarter 2020 Management Discussion and Analysis (MD&A) filed on SEDAR at www.sedar.com.

2. All-in sustaining cost is a non-IFRS measure. This measure is intended to assist readers in evaluating the total costs of producing gold from current operations. While there is no standardized meaning across the industry for this measure, except for non-cash items the Company's definition conforms to the all-in sustaining cost definition as set out by the World Gold Council in its guidance note dated June 27, 2013. The Company defines all-in sustaining cost as the sum of production costs, sustaining capital (capital required to maintain current operations at existing levels), corporate general and administrative expenses, and in-mine exploration expenses. All-in sustaining cost excludes growth capital, reclamation cost accretion related to current operations, interest and other financing costs, and taxes. A reconciliation of all-in sustaining cost to total production costs for the most recent reporting period, the quarter ended June 30, 2020, is set out in the Company's second quarter 2020 MD&A filed on SEDAR at www.sedar.com.

SOURCE: Jaguar Mining Inc.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

WhiteBit Launches Margin Trading With 5x Leverage, More Options Coming Soon

TALLINN, EE, Aug 7, 2020 – (ACN Newswire) – The promising fiat-to-crypto exchange in Europe, WhiteBit, has recently launched margin trading with 5x leverage on the BTC/USDT pair. This is a proud milestone for the Whitebit team after previously they only had spot trading features on the platform. For its margin trading offering, WhiteBit won't stop at BTC/USDT. They also plan to introduce other pairing options as well as higher leverage (up to x25 leverage) in the near future.

WhiteBit is well known for its traditional offerings to European traders. As of now, you can trade crypto assets against Ukrainian Hryvnia (UAH), Russian Ruble (RUB), Euro (EUR) and Turkish Lira (TL) on WhiteBit. The exchange plans to include these fiat pairs on their margin trading offerings. That means you will soon be able to trade BTC against EUR or RUB with up to x25 leverage. Something that you can't find in other crypto exchanges.

The Growing Popularity Of WhiteBit

WhiteBit was launched in December 2018. It already has over 180,000 users, with 35,000 of them being active on a daily basis. It has grown significantly in a very short time. WhiteBit's ambition doesn't stop at just fiat-to-crypto and crypto-to-crypto transactions. It also wants to capture the margin trading market, and it will introduce other various trading options for its users.

For your information, WhiteBit has the European Exchange and Custody Licenses. It has obeyed the KYC and AML requirements in Europe, something that many bigger exchanges couldn't get. European traders can easily trade on WhiteBit with extra peace of mind.

WhiteBit also offers P2P instant transaction codes, staking possibility, and they even integrate Dash's InstantSend features for quick crypto deposits and withdrawals.

As of today, WhiteBit offers more than 120 spot trading pairs, including smaller altcoins. There are not many fiat-to-crypto exchanges that provide various different altcoins in their crypto-to-crypto offerings.

WhiteBit's success can be attributed to its security approach. WhiteBit stores 95% of all crypto assets in cold wallets. And despite using cold wallets to store its users' funds, WhiteBit is still able to process every crypto withdrawal within minutes, 24/7.

Margin Trading Makes WhiteBit The Perfect All-In-One Solution

In Europe, many crypto traders have been using different crypto exchanges for different purposes. They use one crypto exchange for fiat on/off-ramp and then they switch to another exchange for spot trading. When the same traders want to tap into margin trading, they have to use yet another crypto exchange.

WhiteBit has the right ambition to be the all-in-one solution for everything. It has the perfect fiat-to-crypto offering, a wide selection of altcoins on their spot trading, and now they try to be the best and most effective margin trading platform as well.

As mentioned above, BTC/USDT is already available at x5 leverage at WhiteBit. Soon they will introduce many more trading pairs and increase the maximum leverage to x25. While other platforms are sitting in their own comfort zone and don't improve much, WhiteBit always tries to push itself to its limit and it keeps expanding to include new crypto offerings for its users.

Learn More About WhiteBit Margin Trading:
https://medium.com/whitebit/margin-trading-is-here-259c45620b83

Artem Gordadze
a.gordadze@whitebit.com
https://whitebit.com/

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Software AG forms partnership with Universitas Gajah Mada (UGM), Indonesia’s leading public University, to drive digitalization in the Indonesian Government Sector and upskill Students

Yogyakarta, Indonesia, Aug 7, 2020 – (ACN Newswire) – Software AG today announced that it is forming a strategic partnership with Universitas Gajah Mada (UGM), Indonesia's leading public University, to drive digitalization in the Indonesian Government Sector and upskill students.

There are two initial and concrete steps that are to be realized with this cooperation:

The first step is an educational webinar, open to all government officials on August 14. Both Software AG and UGM will share thought leadership on Digital Transformation in the Indonesian Government Sector. In the session, UGM will present their most recent findings including challenges in the digitalization efforts of the government bodies in Indonesia and recommend strategies for a fast start into a truly digitalized government. Meanwhile, Software AG will showcase highly relevant use cases from various government bodies in the US, UK, Germany, Singapore and Australia.

The second step is an Academic Partnership. Software AG through UGM will provide Market-oriented education, giving UGM graduates entering the job market an excellent head start, forming an integral and critical part of the digital transformation of the nation.

"A close collaboration between the private sector and academia is essential," said the Rector of UGM Prof Ir Panut Mulyono. "This is very much in line with our Minister of Education and Culture Nadiem Makarim's Independent Campus Policy where universities are encouraged to develop partnerships with world class companies.

With the upcoming webinar, we provide thought leadership, views and ideas for the government sector to digitally transform in a safe and sustainable way; and with the academic partnership we are upskilling our students to support this transformation with highly qualified workforce in the future," he continued.

Meanwhile, Anneliese Schulz, President of Software AG Asia Pacific Japan said, "This is an important partnership. What excites me the most is the opportunity to support upskilling local talent into world class tech professionals that will contribute to the development of the nation. And when we look into government digitalization efforts in Indonesia and elsewhere, integration is a key enabler to modernize and innovate. As the world leading integration technology provider, we can share proven use cases from various sectors as well as the key learnings from other government bodies worldwide that will benefit Indonesia greatly."

The Ministry of Administrative Reform measured the e-government maturity level over 616 government institutions in 2018 and concluded that majority of government institutions have been implementing e-services, particularly for its internal work. However, these e-services have a common problem: they are unintegrated, unsustainable, and have low use. An absence of integrated and holistic policy is the main cause of those problems which generated partial planning and strategies in implementing e-government. Before 2018, there was no guidance and standard to develop e-service. As a result, many government institutions in Indonesia developed e-services in partial way, even in the sake of innovation. *(quote from GovAsia https://tinyurl.com/yyvsn3k6)

About UGM

Gadjah Mada University is a public research university located in Yogyakarta, Special Region of Yogyakarta, Indonesia. Officially founded on 19 December 1949, Gadjah Mada University is one of the oldest and largest institutions of higher education in the country.

About Software AG

We reimagine integration, spark business transformation and enable fast innovation on the Internet of Things so you can pioneer differentiating business models. We give you the freedom to connect and integrate any technology – from app to edge. We help you free data from silos so it's shareable, usable and powerful – enabling you to make the best decisions and unlock entirely new possibilities for growth. Learn more about Software AG and Freedom as a Service at www.softwareag.com.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Kidsland LEGO Certified Online Store Records Strong Sales on First Day of Operationa, Turnover Exceeds HK$4 Million in Single Day

HONG KONG, Aug 6, 2020 – (ACN Newswire) – Kidsland International Holdings Limited ("Kidsland" or the "Group"; stock code: 2122), the largest toy retailer in China, is pleased to announce that its newly launched Hong Kong LEGO certified online store (http://LEGO.kidslandgroup.com) recorded strong sales on the first day of operation, with turnover exceeded HK$4 million in just one day.



Kidsland's newly opened LEGO® certified online store in Hong Kong records single-day sales of over HK$4 million, with special edition new products selling particularly well.



The Group launched its Hong Kong LEGO certified online store at 11:00 am on 3 August, offering the most comprehensive LEGO product ranges and exclusive promotions to customers. The store received enthusiastic response and recorded excellent sales performance on the first day of operation. Special edition new products, including 21323 Grand Piano and 71374 Nintendo Entertainment System, as well as the brand new LEGO Super Mario series and LEGO ART series were the bestselling performers, with the 21323 series quickly selling out following its release.

To celebrate the opening of the Hong Kong LEGO certified online store, the Group will be offering free delivery service to all purchases made within the first two weeks of the store opening. The first 300 customers will also be given a pair of Mickey & Minnie keychains. The Group hopes to bring joy to all customers who make purchases through its online store, as well as provide one more reason for people to stay at home and enjoy brick building.

LEGO online store represents a milestone for Kidsland in forming an O2O omnichannel that offers more comprehensive shopping experiences to customers and members. Also, the membership for its brick-and-mortar and online stores are interconnected, so that they can enjoy the same privileges when visiting the five LEGO certified stores and the online store, thus giving full play to the omnichannel experience. Compared with the last corresponding period, the five LEGO certified stores under the Group have performed satisfactorily in August. The initial success suggests that the Group's strategy to create a seamless O2O shopping experience is correct.

About Kidsland International Holdings Limited (stock code: 2122)
Kidsland International Holdings Limited ("Kidsland" or "the Group") is engaged in retail, wholesale, e-commerce and brand operation of toys and infant products in China. As the largest toy retailer in China, it has near 20 years of industrial experience. The Group owns the most comprehensive online and offline sales network in China. Currently, its selfoperated offline retail system includes "kidsland Toy Store", "Babyland Infant and Kid Toy and Product Store", "LEGO Certified Store" and "FAO Schwarz".

Media Enquiry:
Strategic Financial Relations Limited
Vicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hk
Antonio Yu Tel: (852) 2114 4319 Email: antonio.yu@sprg.com.hk
Cara Lau Tel: (852) 2864 4890 Email: cara.lau@sprg.com.hk
Fax: (852) 2527 1196


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

INDONESIA: Finding the Right Momentum for ‘BUMN Go Global’

JAKARTA, Aug 6, 2020 – (ACN Newswire) – Indonesian Minister of BUMN (State-Owned Enterprises) Erick Thohir, promoting the vision behind his BUMN Go Global program and cooperation between the ministries required to make the program work, has been articulate in encouraging the country's massive State-Owned Enterprise (SOE) sector, presently more than 100 companies and 800,000 employees, into action towards developing more rapidly in the global business arena, while inking a Memorandum of Understanding (MoU) for Economic Diplomacy and Support of the program with Retno Marsudi, the Minister of Foreign Affairs.



JAKARTA – The Minister of BUMN (SOEs) Erik Thohir[L] and Minister of Foreign Affairs Retno Marsudi[R] signing an MoU in Economic Diplomacy for the 'BUMN Go Global' program. (July 17)



Based on dynamic data collected from key govt representatives, Indonesia's SOE sector accounted for some US$17.5 billion in outbound investment last year, commercially reaching around the world, but as Erick Thohir points out, without any particular strategy. The Go Global agreement between the ministries is expected to remedy this situation, increase the value of SOE investments abroad, and encourage the country's export performance. In addition, the cooperation area also includes match making efforts between SOEs and foreign investors interested in making inbound investments into Indonesia in accordance with their sectors of interest.

"BUMN launched its Go Global program to support Indonesia's Supply Chain in marketing products in strategic markets. Now this is a special momentum because there is a common awareness and vision to encourage the development of BUMN (SOEs) in the global market, so as to increase the number of SOE outbound transactions and investment value, and advance Indonesia's leadership abroad," says BUMN Minister Thohir, at 50, one of the youngest members of Jokowi's second cabinet, and a successful media tycoon known internationally for his former ownership of football teams D.C. United and Inter Milan.

So far, several State-Owned Enterprises have ventured overseas, among them PT INKA, which has established a joint railroad project with the Bangladesh government, defense SOEs that export various products such as the Elite G2 Pistol, Bullet Ammunition, Medium Tanks, Cargo Ships, CN 235-220 Planes, and others. In addition, Bio Farma has produced and marketed polio vaccines in various countries such as Angola, Somalia and Ethiopia.

To achieve Erick Thohir's lofty BUMN goals, the two Ministries agreed to the possibility of forming a tactical team consisting of representatives of the two Ministries as well as BUMN representatives who have the readiness and capacity to carry out outbound investment. This special tactical team will collaborate as exploratory partners in identifying investment opportunities and access to capital through to the implementation of investments and the protection of Indonesian investments abroad. The MoU is valid for up to four years, and will be regularly monitored and evaluated.

"The formation of the Go Global Joint SOE Team between the Ministry of Foreign Affairs and the Ministry of SOEs is intended to synergize the development of SOEs in the global market and increase cooperation with strategic partners," says Foreign Affairs Minister, Retno Marsudi. "It is hoped that the cooperation and assistance regarding economic diplomacy can expand the partnership network, the potential for BUMN investment and the opportunity to market SOE products on the international scene."

"Thus, the BUMN Go Global program has two main objectives," says Erick Thohir. "The first objective is to market SOE products that have already established some demand in multiple countries or markets, while the second objective is to improve the Supply Chain in Indonesia. In the past, Indonesia was only ever seen and treated as a domestic market. The BUMN Go Global program also hopes to help facilitate SOEs in acquiring enterprises in foreign countries. This will in turn ultimately rectify the supply chain in Indonesia."

Christovita Wiloto, Founder of IYE! (Indonesian Young Entrepreneurs), is optimistic about the BUMN Go Global strategy, saying, "It's about time that Indonesia's State Owned Enterprises go global and it's only natural that we are no longer satisfied only competing domestically. While it's true that our domestic market is full of potential and should not be neglected, Go Global is the strategy that should be implemented as soon as possible so that Indonesia may not only survive, but thrive."

Indonesia Young Entrepreneurs, known as IYE!, is a global network of young Indonesians with entrepreneurial spirit, across all industries. With over 50,000 members based around the world, the IYE! organization acts as a platform to bring together young minds that are resilient and have integrity. In regards to the BUMN Go Global strategy, Christov asserts that SOEs and the business world in Indonesia are ready and more than capable of competing at the global level.

What we urgently need is to solidify a clear and consistent strategy that will give guidance to the Go Global program. The steps that the Ministry of BUMN and the Ministry of Foreign Affairs have taken have been celebrated by tens of thousands of Indonesian Young Entrepreneurs across Indonesia, who are already fighting to break into the global market with a plethora of goods and services that they have continued to develop and perfect, Christov emphasized.

"The Go Global strategy has the potential to lift the standard of quality among Indonesian businesses in all aspects, whether it be integrity of individual character to the sophistication of the goods and services themselves. At the same time, this program will introduce a variety of disruptions in all aspects, which will work to turn the wheels of revolution within the world of business in Indonesia, in an integrated manner," Christov further explained. "Strike while the iron is hot: taking advantage of the moment, when the momentum is right in Indonesia."

BUMN Minister Erick Thohir believes that the country has reached a stage with a special momentum in its capacity to develop SOEs for the global market, and to advance Indonesia's leadership in the international arena. The factors supporting this are, among others, a common awareness and vision to encourage the development of SOEs in the global market, which acts to increase the number of transactions and the value of outbound SOE investment, as well as advance Indonesia's leadership abroad.

Collaboration between Indonesian government agencies has been intensified by the recent Onward Indonesia Cabinet, so the Indonesian economy will have the power to recover quickly following the COVID-19 pandemic. Moreover, this collaboration is further fortified by an aggressive strategy which ensures that every step taken promotes Indonesian competitiveness in an increasingly fierce global market.

For more information, please contact:
PowerPR | Indonesia Investment Forum
christhaliawiloto@powerpr.co.id
https;//www.powerpr.co.id/iifnyc2021


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com