Southeast Asia a Bright Spot in the Global Flexible Office Market in 2023 with TEC Centres in the Region Exhibiting Average Occupancy Rates of Over 90%

SINGAPORE, Nov 27, 2023 – (ACN Newswire) – The Executive Centre (“TEC”), the leading premium flexible workspace provider that serves more than 47,000 Members in 33 cities across Asia-Pacific and the Middle East, has seen exceptional growth in Southeast Asia in 2023, with the momentum expected to carry on into 2024.

Led by client demand, TEC has added four new centres in Singapore, Jakarta, Ho Chi Minh City and Manila this year, with the latest addition in Manila on the 8th floor of Ayala Triangle Gardens Tower 2 which opened last month.

These new openings are backed by consistently high demand and occupancy rates of over 90% across multiple markets in the region in 2023. As of September 2023, TEC’s centres in Singapore and Manila are leading its portfolio at 95% and 98% occupancy rates, followed not far behind by Ho Chi Minh City at 91% and Jakarta at 81%. With these new expansions, TEC has added almost 1,200 workstations across these four key Southeast Asian markets in 2023, representing a 33% increase in workstation growth.

In Singapore, demand for office space is growing as multinational companies seek to relocate to the city-state and set up headquarters there to take advantage of Singapore’s status as a gateway city and key business hub. These include firms from the financial industry such as asset managers, private wealth managers, private equity firms and family offices, as well as technology startups from across the region that are seeking to move to more flexible workspaces which will allow them to downsize or upsize nimbly.

Office demand is also bolstered by the increasing “back-to-office” momentum in Singapore, as employers tighten hybrid working policies, with CBRE’s 2023 Singapore Office Occupier Sentiment Survey finding that 64% of companies are focused on increasing office attendance or improving work efficiency.

Despite the “back-to-office” trend, the way tenants use office spaces has irrevocably changed since pre-Covid days, as companies place greater emphasis on having access to a combination of purpose-built spaces including private offices for focused work, flexible seating, collaborative meeting rooms, and event spaces.

In response to this increased demand for flexible seating, meeting and event spaces, TEC will be opening a new centre from the 45th to 47th floors at Singapore Land Tower in January 2024.

Yvonne Lim, Managing Director of Southeast Asia at The Executive Centre said, “We have done exceptionally well particularly in Singapore with a city average occupancy of 95% in 2023, at the same time, we are seeing robust demand for our upcoming new centre at Singapore Land Tower on Levels 45 to 47. TEC’s expansions are largely driven by client’s requirement and the inter-city network within SEA continue to look strong with clients having multiple presence with TEC SEA network.”

Appendix: 2023 New Openings in Southeast Asia

Singapore

Capital Square (opened January 2023)

Capital Square is a Grade A office building located in Singapore’s no. 23 Church Street. Composing of a 16-storey office tower, Capital Square also features two blocks of restored heritage shop houses, boutique food and beverage outlets, retail amenities, and seven levels of parking space. Providing unrivalled accessibility and convenience to a myriad of users and business entities commuting from across the city and beyond, Capital Square is a strategic and modern location suited for future-forward corporate entities, creative businesses and innovative technology companies.

Size (square metres)	2,625
Workstations	430

Singapore Land Tower (opening in January 2024)

The Executive Centre at Singapore Land Tower provides a flexible workspace solution in the heart of Singapore’s central business district. Situated within 50 Raffles Place and located just steps away from Raffles Place MRT station, the tower is surrounded by shopping malls, restaurants and cafes. The 47-storey tower attracts reputable companies and organisations. Several embassies also call the building home, including Germany, Colombia and Ukraine

Opening in 2024:
Levels 45 to 47 Private Offices, Member Lounge and Reception (January 2024)

Size (square metres)	4,712
Workstations	490

Jakarta

Pacific Century Place (opened April 2023)

Located in the heart of Sudirman Central Business District, The Executive Centre at Pacific Century Place (PCP) is the professional’s first choice in flexible workspace, serviced offices and coworking solutions in the region. A sustainability-forward establishment, PCP is also the first office building in Indonesia to obtain Leed Platinum status and Platinum Grade certification by Greenship New Building. Businesses that are looking for a Sudirman Central office space that’s sustainable and accessible will not be disappointed by TEC’s level 39 centre, which features stunning city views and contemporary interior design.

Size (square metres)	1,600
Workstations	268

Ho Chi Minh City

Friendship Tower (opened July 2023)

Friendship Tower is a LEED-certified Grade A office building located in Ho Chi Minh City’s most well-known and strategic boulevards.

Size (square metres)	722
Workstations	125

Manila

Ayala Triangle Gardens Tower 2 (opened October 2023)

Ayala Triangle Gardens Tower 2 is the most sought-after location in the Philippines for domestic and multinational companies. Strategically located in the heart of Makati City’s business hub, it is surrounded by some of the most successful corporate names in the world. Companies from industries such as IT, financial services, real estate, manufacturing and legal can be found in Ayala Triangle Gardens.

Size (square metres)	1,895
Workstations	358

About The Executive Centre

The Executive Centre (TEC) is Asia’s premium flexible workspace provider, opened its doors in Hong Kong in 1994 and today boasts over 200+ Centres in 33 cities and 15 markets. It is the third largest serviced office business in Asia.

The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space – they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.

Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Events facilities to suit any business’ needs.

www.executivecentre.com

Press Enquiries:

FGS Global
Zephyr Ow
Zephyr.Ow@fgsglobal.com / +65 8022 7651

The Executive Centre
Pebble Lee
Pebble_lee@executivecentre.com / +852 3951 9888

Innovation at the forefront at Business of IP Asia Forum and Entrepreneur Day

HONG KONG, Nov 26, 2023 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) and Hong Kong Special Administrative Region (HKSAR) Government are jointly organising the 13th Business of IP Asia Forum (BIP Asia Forum). The 15th Entrepreneur Day (E-Day) will also be hosted by the HKTDC. These two events will be held concurrently from 7 to 8 December at the Hong Kong Convention and Exhibition Centre.

The Hong Kong Special Administrative Region Government (HKSAR Government) and Hong Kong Trade Development Council (HKTDC), will hold the 13th Business of IP Asia Forum (BIP Asia Forum) from 7 December to 8 December.

The mix of forums, exhibitions, competitions, workshops and business matching at these events provide start-ups and small and medium-sized enterprises (SME) infinite opportunities to network, engage in dialogue and find ways to collaborate for success.

By utilising HKTDC’s exhibition and business matching services to find potential business partners or investors, the events promote IP commercialisation, facilitate industry-academia collaboration and showcase the advances in scientific research in Hong Kong.

HKTDC Deputy Executive Director Patrick Lau said, “The BIP Asia Forum and Entrepreneur Day are held concurrently to provide a holistic presentation of the journey from ideation and IP commercialisation to starting your business and scaling up. The two events have resumed as fully physical events this year, bringing together over 90 industry leaders and more than 350 exhibitors from IP, innovation and technology (I&T), start-ups and sustainability. The events promote cross-industry and cross-sector exchanges, driving business opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

He added: “By facilitating interactions and exchanges between local companies, global industry leaders and internationally renowned speakers, we aim to equip event participants with a deeper understanding in diverse areas, ranging from the latest in start-up trends and sustainable development to new IP applications and opportunities.”

Business of IP Asia Forum: Steering New Economic Growth

Themed “IP & Innovation: Steering New Economic Growth”, the Forum brings together IP industry players and business leaders from around the world to discuss the latest IP developments and explore collaboration opportunities.

Dr Peter K N Lam, Chairman of the HKTDC; Michael Wong, Deputy Financial Secretary, HKSAR; Dr Lu Pengqi, Deputy Commissioner, China National Intellectual Property Organization; and Daren Tang, Director General, World Intellectual Property Organization (WIPO), will deliver remarks at the opening session.

Algernon Yau, HKSAR Secretary for Commerce and Economic Development, opens the Forum’s first session, the Policy Dialogue, with a welcome address. International IP policymakers discuss the importance of IP and innovation in stimulating worldwide economic growth in a conversation with Winnie Tam, Senior Counsel of Des Voeux Chambers. The speakers include Mr Tang; Rowel S. Barba, Chair of the Intellectual Property Rights Experts Group of Asia-Pacific Economic Cooperation (APEC); Santisouk Phounesavath, Chairman of the ASEAN Working Group on Intellectual Property Cooperation; and Dr. M. Zeki Durak, President of the Turkish Patent and Trademark Office.

For the Plenary Session, Mayeul Dastugue, Legal Director of Global IP Enforcement of Christian Louboutin; Laurence Morel-Chevillet, IP and Brand Protection Director of Bulgari S.p.A; and Mayank Vaid, Intellectual Property Director of Asia Pacific & China (Civil) of Louis Vuitton, share their brand strategy successes in the new economic landscape and discuss how the use of technology can reinvent brands.

At the Global Tech Summit, global tech leaders, including Olivier Klein, Asia Pacific Chief Technologist of Amazon Web Services; Fred Sheu, National Technology Officer of Microsoft Hong Kong; and Dr Ginny Wong, Data Scientist of NVIDIA AI Technology Center Hong Kong, deep dive into the latest trends of generative AI applications and their impact on IP.

The ASEAN Session, organised by the ASEAN Secretariat and the HKSAR Intellectual Property Department in collaboration with WIPO, features IP representatives from government and business in ASEAN and Hong Kong as well as experts, licensing agents and international brand owners, including MCM Group, S2O Factory, B.Duck Semk, who share their insights on ways to maximise the value of trademarks in today’s rapidly changing global business environment.

The two-day forum also features talks on a variety of topics, including IP collaboration and competition in the biomedical Industry in the GBA, and IP and dispute resolution in the age of AI, digital trade, IP protection and more. Additionally, there will be presentations by companies showcasing their latest innovations.

The IP & Innovation Market returns under the theme of Clean Tech, showcasing over 30 innovative projects from tertiary institutions, R&D centres and start-ups focused on recycling, sustainable energy, green materials, waste management and more to strengthen IP commercialisation and facilitate collaboration.

Entrepreneur Day: Latest Trends in Innovation and Technology

With the theme Building Resilience, Boosting Collaboration, some 30 industry leaders from around the world share their insights on the latest developments and trends in the start-up ecosystem at E-Day.

Showcasing some 300 start-ups, projects and support services, the exhibition area offers an opportunity for networking and business matching. An Australian delegation, led by Investment NSW, participate in E-Day for the first time, showcasing nine start-ups in health tech, environmental protection tech and smart city.

The Asia Exhibition of Innovations and Inventions Hong Kong, co-organised by The Hong Kong Exporters’ Association and Palexpo in Geneva and featuring over 110 innovations from Asia at E-Day, showcases global breakthrough inventions and technological solutions.

This year’s E-Day sees an increased participation of incubators from the GBA. The HKSAR Home and Youth Affairs Bureau invited 50 local start-ups under the Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area to join the event. The scheme supports young entrepreneurs to establish their business in the GBA.

The seminars encompass four major series, including the Inspirational Masterclass Series, Emerging Trends for Tech and Innovation Series, Fuelling the Future Series and Market Exploration Series. On the first day, the conference will kick off with T-Chat featuring Serge Conesa, Founder and CEO of Swiss start-up Immersion4, which received the Most Innovative Use of ICT Award from the UN International Telecommunications Union (ITU) in 2019. At this seminar, he shares his entrepreneurial journey and explores the market potential of greentech in Europe and the Middle East.

At another session on the future of work on the second day, Daryl Lau, Sales Director of JobsDB Hong Kong; Leo Siu, Head of HRMS of Computer And Technologies Holdings Limited and Emrys Lam, Founder of HR Plus Limited, shed light on emerging trends reshaping the workplace and the ways in which these trends and new technologies influence talent acquisition and retention strategies.

On the same day, a seminar co-organised with GoGBA Business Support Centre in Futian features Zhang Yun, Minister of Vitality Promotion Department of the Futian District Investment Promotion and Enterprise Service Center in Shenzhen; and Chen Shan, President of the Guangdong-Hong Kong-Macao Greater Bay Area Innovation and Entrepreneurship Incubation Base in Guangdong. They highlight the latest policies and support services for start-ups, while Aldous Ng, CEO of CU Coding Limited, and Simon Cheung, Associate Director of BIM Limited, share their journey of establishing a presence in the GBA.

Last year, the HKTDC launched Start-up Express: International Edition to attract international start-ups to operate in Hong Kong and expand their business in the region. Following last year’s inaugural success, the event returns during E-Day with the support of 15 global partners from around the world, stretching from Mainland China to the wider Asia-Pacific region and Australia to Europe and the USA. On the first day of E-Day, this year’s seven out of 10 global winners join us in person.

As part of Start-up Express, the HKTDC provides comprehensive support to the top 30 start-ups through the Start in Hong Kong Programme. The support encompasses marketing, technical, business setup and peer support as well as mentorship to assist start-ups in accessing the markets of Hong Kong and the wider GBA.

InnoClub, a one-stop platform jointly developed by the HKTDC and Hang Seng Bank, is organising the inaugural InnoClub Award Presentation Ceremony on the second day of E-Day to recognise the exceptional achievements of InnoClub members in I&T. The three winners then engage in conversation on their entrepreneurial journey, which is followed by a networking reception.

Exhibition and Forum Website
Business of IP Asia Forum website: https://bipasia.hktdc.com/en/
Entrepreneur Day: https://www.hktdc.com/event/eday/en
Start-up Express International: https://portal.hktdc.com/startupexpress/en/s/start-up-express-international

Media Registration

Media representatives can complete the following form by December 7(Thursday) and email to hktdc@hkstrategies.com for pre-registration to receive a confirmation email for browsing Exhibition and Forum Website.

Members of the media wishing to interview speakers should email interview requests and proposed questions to hktdc@hkstrategies.com by 28 November.

Download Photos: https://bit.ly/3SN3sjD

Media enquiries
Please contact Hill & Knowlton:
Grace Chiu, Tel: (852) 6432 3549, Email: grace.chiu@hillandknowlton.com
Rachel Zhu, Tel: (852) 6816 5846, Email: rachel.zhu@hillandknowlton.com

HKTDC’s Communications & Public Affairs Department:
Jane Cheung, Tel: (852) 2584 4137, Email: jane.mh.cheung@hktdc.org
Janet Chan, Tel: (852) 2584 4369, Email: janet.ch.chan@hktdc.org

Media Room: http://mediaroom.hktdc.com/en

About HKTDC

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

H World Announces Q3 Financial Results

HONG KONG, Nov 24, 2023 – (ACN Newswire) – H World Group Limited (“H World” or “the Group”, NASDAQ: HTHT and HKEX: 1179) announced its unaudited financial results in the third quarter ended September 30, 2023.

Year-on-Year Revenue Surges Over 53%, Continues to Exceed Guidance

Relying on sophisticated and efficient regional headquarters to rapidly expand the hotel network, gradually reaching resilient low-tier cities, H World consistently maintains a leading position in the limited-service market through high-quality products. Meanwhile, the Group continues to refine its upper-midscale segment development to enhance market share and achieved relatively robust development in the third quarter. Revenue was RMB6.3 billion (US$861 million) in the third quarter of 2023, representing a 53.6% year-over-year increase and a 13.7% sequential increase. Revenue from the Legacy-Huazhu (refers to H World’s business in China) segment was RMB5.1 billion, representing a 61.8% year-over-year increase and a 17.6% sequential increase. Revenue from the DH segment was RMB1.2 billion, representing a 26.1% year-over-year increase. The revenue growth for both the Group and Legacy-Huazhu exceeded the revenue guidance previously announced. The Group’s hotel turnover increased 55.1% year-over-year to RMB23.5 billion. Excluding DH, hotel turnover increased 59.2% year-over-year in the third quarter of 2023. Net income attributable to the Group was RMB1.3 billion (US$183 million), compared with RMB1.0 billion in the previous quarter. EBITDA (non-GAAP) in the third quarter of 2023 was RMB2.1 billion (US$293 million), compared with RMB1.7 billion in the previous quarter.

Focusing on Economy and Midscale Brands, Deepening Limited-Service Hotels to Meet Market Demand

As of September 30, 2023, H World’s worldwide hotel network in operation totaled 9,157 hotels and 885,756 rooms, including 129 hotels from DH. Among them, H World operates 5,007 economy hotels, accounting for 54.7%, and 3,329 midscale hotels, accounting for 36.4%. The Group is accelerating product iteration and structural upgrades, solidifying core business development, and driving brand growth with high quality. Meanwhile, the number of new openings by Legacy-Huazhu continues to accelerate. During the third quarter of 2023, Legacy-Huazhu opened 545 hotels, including 4 leased and owned hotels, and 541 manachised and franchised hotels. H World seizes diverse accommodation needs, continuously offering cost-effective and high-quality lodging products to further meet the extensive demands. Additionally, as of September 30, 2023, H World had a total of 2,970 unopened hotels in the pipeline, including 2,935 hotels from the Legacy-Huazhu and 35 hotels from the DH. The robust project pipeline reflects H World’s leadership strength and its determination for continued expansion, contributing to a steady growth momentum.

Impressive Performance in Legacy-Huazhu: RevPAR Recovers to 129% of 2019 Levels

In the third quarter of 2023, driven by OCC and ADR, the Group’s blended RevPAR continued to grow. Among them, Legacy-Huazhu’s ADR was RMB324 in the third quarter of 2023, compared with RMB254 in the third quarter of 2022, RMB305 in the previous quarter, and RMB245 in the third quarter of 2019. The OCC for all the Legacy-Huazhu hotels in operation was 85.9%, with a year-on-year growth increase of 9.8 percentage points. The blended RevPAR was RMB278, recovered to 129% of the Q3 2019 level. Breaking down into monthly numbers, the RevPAR in July, August and September 2023 recovered to 132%, 128% and 128% of the 2019 levels, respectively. For DH, the ADR was EUR114, and the OCC for all DH hotels in operation was 69.0%. Blended RevPAR increased to EUR79.

As a leading player in the hotel industry in China and one of the fastest-growing hotel groups in the world, H World focuses on economy and midscale as the core products to serve the mass market, implements a strategy to further develop the upper-midscale segment to enrich its product structure, and achieves rapid expansion through an efficient management and franchise model. Jin Hui, CEO of H World commented: “We continue to outperform the China lodging industry, delivering robust operational results. We are pleased to report another quarter of strong RevPAR recovery in China, supported by China’s summer holiday travel season as well as continuous business travel recovery. Our ADR growth reflected a combination of product mix change and product upgrades, which should continue to support our ADR in the future.” Driven by the recovery of the industry and the peak travel season, H World continues to increase its pipeline projects, accelerate hotel expansion and signing processes, and gain momentum in RevPAR growth through ongoing brand and service upgrades.

About H World Group Limited:

Originated in China, H World Group Limited is a key player in the global hotel industry. H World’s brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, Blossom House, Ni Hao Hotel, CitiGO Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels, Steigenberger Icon and Song Hotels. In addition, H World also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region.

H World’s business includes leased and owned, manachised and franchised models. Under the lease and ownership model, H World directly operates hotels typically located on leased or owned properties. Under the manachise model, H World manages manachised hotels through the on-site hotel managers that H World appoints, and H World collects fees from franchisees. Under the franchise model, H World provides training, reservations and support services to the franchised hotels, and collects fees from franchisees but does not appoint on-site hotel managers. H World applies a consistent standard and platform across all of its hotels.

For more information, please visit H World’s website: https://ir.hworld.com.

Perfect Medical Announces Interim Results for FY2023/24

HONG KONG, Nov 24, 2023 – (ACN Newswire) – Perfect Medical Health Management Limited (the “Company”, Stock Code: 1830.HK), one of the largest aesthetic medical operators in the world, together with its subsidiaries (collectively referred to the “Group”), is pleased to announce its interim results for the six months ended 30 September 2023.

RESULTS HIGHLIGHTS

— The Group’s revenue increased by 7.5% to HK$718.1 million, thanks to the momentum growth in revenue in Hong Kong and mainland China amid the abatement of the pandemic in early 2023.

— The Group’s EBITDA increased by 5.4% to HK$242.1 million.

— The Group’s net profit increased by 10.4% to HK$166.4 million, representing a net profit margin of 23.2%. Basic earnings per share were HK13.2 cents. If excluding the one-off government subsidies in the last financial period, the adjusted net profit after tax increased by 27.1%.

— The Board recommends the payment of an interim dividend of HK13.2 cents and a special dividend of HK1.0 cents per share to shareholders.

— The Group operated a total service area of 297,000 square feet in Hong Kong, mainland China, Macau, Australia and Singapore, with an addition of two shops in Hong Kong during the period.

For the period under review, the Group achieved satisfactory results thanks to the meaningful return of new customers and the solid relationship with the loyal customers in both Hong Kong and mainland China. The Group’s revenue increased by 7.5% year-on-year to HK$718.1 million (FY2022/23 interim: HK$668.3 million). The Group’s EBITDA increased by 5.4% year-on-year to HK$242.1 million (FY2022/23 interim: HK$229.7 million). Profit attributable to equity holders of the Company was HK$166.4 million, increased by 10.4% year-on-year (FY2022/23 interim: HK$150.7 million), representing an increase of 0.7 percentage points in net profit margin to 23.2% for the period (FY2022/23 interim: 22.5%). Basic earnings per share were HK13.2 cents (FY2022/23 interim: HK12.1 cents).

As of 30 September 2023, the Group operated a total service area of 297,000 square feet in Hong Kong, mainland China and overseas.

Hong Kong Operation

Revenue from Hong Kong operation increased by 11.6% year-on-year to HK$549.6 million (FY2022/23 interim: HK$492.4 million), overtaking the revenue of Hong Kong operation before pandemic in FY2019/20 interim by 7.2%, thanks to the improvement in shop utilisation and the contribution from the newly established residential shops in Hong Kong. The recovery of revenue to beyond the FY2019/20 interim level demonstrates the Group’s success in recalibrating its business operation. Currently, revenue from Hong Kong operation accounted for 76.5% of the Group’s revenue (FY2022/23 interim: 73.7%).

As of 30 September 2023, the Group had a well-established network of service centres in Hong Kong covering a total service area of 192,000 square feet, with an increase of two shops in Tsuen Wan and Taikoo during the period.

During the period, the Group witnessed a strong demand for its core aesthetic medical services thanks to the unwavering support by its loyal customers. The Group has recalibrated its business model to further expand its geographical reach in Hong Kong through the introduction of residential shops in medium-to-high end shopping malls and residential locations. As for the core mega shops, the Group saw a welcoming response to the medical tourism flagship centres in Causeway Bay and Tsim Sha Tsui where there was intense demand for its premium medical beauty services by the cross-border customers.

At its non-aesthetic medical business, it includes a range of supplementary healthcare management services, including hair growth treatment, pain treatment, health screening service as well as other beauty and wellness services, to fully collaborate with our aesthetic medical services. During the period, the Group enhanced the cross-selling to the medical business following the improvement in our aesthetic medical business.

Regions outside Hong Kong

Revenue from regions outside Hong Kong decreased by 4.2% year-on-year to HK$168.5 million (FY2022/23 interim: HK$175.9 million), impacted by the lower demand in Singapore and Australia but compensated by the recovery in mainland China. Currently, revenue from the regions outside Hong Kong accounted for 23.5% of the Group’s revenue (FY2022/23 interim: 26.3%).

For the period under review, operating profit in mainland China and Macau improved year-on-year thanks to the gradual recovery in customers’ demand and the absence of business suspension in this financial period. As of 30 September 2023, the Group had a network of 22 shops in strategic locations in mainland China and Macau. In the first half of this financial year, the performance of the Australia and Singapore operation was impacted by the sustained inflationary environment and the high living expenses in both countries. It may take some time for the international market to recover.

Prospects

Dr. Au-Yeung Kong, the executive director, chairman and chief executive officer of Perfect Medical, said that “The promising business performance in the first half of the financial year has demonstrated our superior business model can withstand poor market conditions. We remained steadfast in our core strategy of ‘Healthcare + Medical Beauty’ to satisfy the individual needs of the consumers.

As the demand generally bounced back after the three-year pandemic, the rebound in tourist arrivals in Hong Kong this year will bring along additional cross-border customers to the Group, which will reinforce the Group’s determination to become the most favourable aesthetic medical service centres in the Greater Bay Area in the long run.

In mainland China, we will closely monitor the market dynamics and economic landscape to better prepare for the economic fluctuation. We spare no effort in optimising our business operation to improve shop productivity to fully capitalise on the rebound in foot traffic at shopping malls. As for the international market, we will proceed with its business development in a prudent and steady manner with relentless dedication to customer satisfaction.”

For further information of the Group’s FY2023/24 interim results, please refer to the Company’s Interim Results Announcement on the Hong Kong Stock Exchange website at: https://www1.hkexnews.hk/listedco/listconews/sehk/2023/1124/2023112400233.pdf

About Perfect Medical Health Management Limited

Perfect Medical Health Management Limited is a multinational aesthetic medical corporate and one of the largest aesthetic medical operators in the world established in 2003. The Group focuses primarily on non-invasive aesthetic medical services and medical services in Hong Kong, China, Macau, Australia and Singapore with a total service area spanning approximately 297,000 square feet as of 30 September 2023. Its operation offers a broad spectrum of professional services with assurance of utmost safety and efficacy. The Company was included as a constituent stock of the MSCI Hong Kong Small Cap Index on 27 May 2021, demonstrating the confidence from the capital market and recognising the investment value of the Company.

For further information, please contact:

Perfect Medical Health Management Limited

Marco So / Peter Kwok

Email: ir@perfectmedical.com

Tel: (852) 2770 2099

iPR Ogilvy Limited

Callis Lau / Tina Law / Rita Chen

Email: perfectmedical@iprogilvy.com

Tel: (852) 2136 6185

The Hong Kong Institute of Directors Announces Winners of Directors of the Year Awards 2023 at the Institute Annual Dinner

HONG KONG, Nov 24, 2023 – (ACN Newswire) – The Hong Kong Institute of Directors (“HKIoD”) announced the winners of the Directors Of the Year Awards (“DYA”) 2023 at its Annual Dinner held at the Hong Kong Convention and Exhibition Centre yesterday.

The opening ceremony of the event was hosted by Dr Christopher To, Chairman of HKIoD, with Dr Kelvin Wong, SBS, JP, Chairman of Accounting and Financial Reporting Council, as the Guest of Honour addressing participants.

Dr Christopher To, Chairman of HKIoD, said, “In the wake of the pandemic, all businesses need to re-evaluate their positioning, identify their new niche and engage in transformation to bring about a better tomorrow. The Institute’s theme this year is “Transform for a Better Tomorrow”. The 13 awardees, who were well-deserving, have demonstrated their ability to navigate their companies through the unprecedented challenges presented by the pandemic. They have also embraced change and innovation, paving the way for a brighter future. The leadership exhibited by these winners aligns perfectly with this year’s award theme.”

Awards Organising Committee Chairman Ms Alice Yip, commented, “From the awardees, we see excellent corporate governance and director practice, even in challenging time. Some of the boards have demonstrated compositions that merit an additional recognition in board diversity. From the Awardees, we see corporate transformation, that enables corporate sustainability. They are mindful of their business purpose in creating value for their companies, stakeholders and humankind.”

Dr Carlye Tsui, CEO of HKIoD, said, “Sustainability remains our goal in the “Better Tomorrow” part of our theme “Transform for a Better Tomorrow”. Transformation is led by the board of directors. It covers business transformation and board transformation, the latter to enable the former. Hats off from HKIoD to this year’s award-winning directors, who have demonstrated outstanding practices in this regard.”

Dr Tsui supplemented that DYA has been organised since 2001 and supported by over 100 project partners. It is a community-wide project with nominations open to the public. “We are pleased to have candidates and Awardees from Hong Kong as well as the Mainland of China. Apart from recognizing role models, the project also serves the purpose of public education.”

The winners of DYA 2023 in the various award categories are listed below:

Listed Companies Categories
Executive Directors	Ms CHIU Siu Yin Lovinia Medialink Group Limited
	Ms JIANG Anqi Tianqi Lithium Corporation
	Mr LAM Wai Hon, Patrick FSE Lifestyle Services Limited
	Dr MA Mingzhe Ping An Insurance (Group) Company of China Ltd
	Ms Winnie WONG Chi Shun Asia Insurance Company Limited
Boards	China Resources Beer (Holdings) Company Limited
	FSE Lifestyle Services Limited
	Tam Jai International Co. Limited**
	Tianqi Lithium Corporation
Statutory/ Non-profit-distributing Organisations Categories
Boards	Friends of the Earth (HK)**
	Hong Kong Housing Society**
	KELY Support Group**
	Kids4Kids**

In alphabetical order of names within category

**In addition: recognition of Excellence in Board Diversity

About The Hong Kong Institute of Directors (“HKIoD”)

The Hong Kong Institute of Directors is Hong Kong’s premier body representing directors to foster the long-term success of companies through promoting corporate governance and director professionalism. A non-profit-distributing organisation with membership consisting of executive directors, non-executive directors and independent non-executive directors from diverse industries and corporate types, HKIoD is committed to providing directors with education, information service and a representative and influential voice. HKIoD conducts business with international perspectives and multi-culturalism. In the international platform, HKIoD is a member institute of the Global Network of Director Institutes (“GNDI”), which represents over 150,000 directors, and also hosts the Hong Kong Chapter of Climate Governance Initiative, a global network in promoting climate actions among directors.

For details, please visit: http://www.hkiod.com / http://www.gndi.org / https://climate-governance.org/

About Directors of the Year Awards

Directors Of The Year Awards were first launched in 2001 as the first ever such Awards organised in Asia. The project has now become an annual project of impact in the community organised by the Institute together with over 100 Project Partners. To date, 243 Awardees have been recognised for their achievements in demonstrating exemplary high standards in corporate governance.

Nominations of candidates are open to the public and are processed in a well-defined and stringent set of procedures. Awards are presented by company categories, viz Listed Companies, Non-listed Companies and Statutory/Non-profit-distributing Organisations, and by capacities, viz Executive Directors, Non-Executive Directors and Boards.

Media Enquiries:

Strategic Public Relations Group Limited

Brenda Chan+852 2114 4396/ brenda.chan@sprg.com.hk

Directors Of The Year Awards:

The Hong Kong Institute of Directors

Odessa So +852 2889 4988/ odessa.so@hkiod.com

The Guest of Honour, Dr Kelvin Wong, Chairman of Accounting and Financial Reporting Council (8th from left, 1st row), special guests and officials to join the group photos together with the awardees (2nd row).

A panoramic group photographs taken together to commemorate the occasion.

Edvantage Group Announces FY2023 Annual Results

HONG KONG, Nov 24, 2023 – (ACN Newswire) – Edvantage Group Holdings Limited (“Edvantage Group” or the “Group”, stock code: 0382.HK), has announced its audited FY2023 Annual Results for the year ended 31 August 2023 (the “Reporting Period”).

Highlights (relevant audited data for the year ended 31 August 2023）

— Revenue increased by 17.0% YoY to approximately RMB1,973.0 million;

— Gross profit rose by 19.9% YoY to approximately RMB1,018.4 million;

— Adjusted net profit attributable to owners of the Company rose by 15.3% YoY to approximately RMB667.8 million;

— Payment of a final dividend of HK9.0 cents per share recommended;

— Dividend payout ratio at 30% for the year;

— Number of student enrolments increased by 11.0% YoY to approximately 86,000.

During the Reporting Period, the Group’s revenue totaled approximately RMB1,973.0 million, representing an increase of 17.0% as compared with the corresponding period of the preceding year. The increase was mainly attributable to a rise in the number of student enrolments and higher average tuition fees recorded by the Group’s domestic schools. The adjusted net profit attributable to owners of the Company rose by 15.3% YoY to approximately RMB667.8 million. The number of student enrolments reached approximately 86,000, setting a new historical record. The Board of Directors of the Group has recommended the payment of a final dividend of HK9.0 cents per share for the year ended 31 August 2023, which, along with an interim dividend of HK9.0 cents per share, equates to a total annual dividend of HK18.0 cents per share and a dividend payout ratio of 30% for the year.

Ms. Liu Yi Man, Executive Director and Chief Executive Officer

From left to right: Mr. Yan Kwok Ting Sunny, Director of Investment, Corporate Finance & Investor Relations Department; Ms. Liu Wenqi, Chief Operating Officer; Mr. Liu Yuk Tung, Chief Financial Officer.

In accordance with national policies

Promote high-quality development of vocational education

In recent years, the People’s Republic of China (the “PRC” or “China”) has successively introduced a number of policies that encourage the advancement of vocational education and improve the top-level design of the vocational education system. According to the 14th Five-Year Plan issued in 2021, a target has been set to increase the gross enrolment rate in higher education within the PRC to 60% during the 14th Five-Year Plan period. In October 2022, a report to the 20th National Congress of the Communist Party of China was issued which included in its formulation the need for “in-depth implementation of a strategy of national rejuvenation through science and education and strengthening the country through talent”, “adhering to the priority development of education”, “accelerating the construction of an educational power”, and “accelerating the construction of a high-quality education system”. In December 2022, the State Council of the PRC released the “Guideline on the Strategic Plan for Expanding Domestic Demand (2022–2035)”, which clearly proposed “improving the vocational and technical education and training system and enhancing the adaptability of vocational and technical education” and “encouraging social forces to provide diversified educational services as well as support and standardise the development of private education”. In addition, in June 2023, eight departments, including the National Development and Reform Commission and the Ministry of Education, emphasised the integration and development of industry and education in vocational education. Benefiting from multiple favorable national policies, the Group has been closely complying with the national policies, firmly following the path of high-quality development, continuously deepening the integration of industry and education, and comprehensively improving the quality of education and teaching as well as the cultivation of talent to shoulder the important task of cultivating high-quality skilled professionals among various industries.

Closely follows industry trends and market needs

Persist in providing high-quality and high-compliant education

The Group has actively responded to the national development strategies and closely followed the pace of industrial development in the Greater Bay Area and the Chengdu-Chongqing Economic Circle. It has applied for 20 new majors, including artificial intelligence application, intelligent vehicle technology, industrial robot application and maintenance, e-commerce, nursing, etc., in response to the requirements of major emerging industries in the region and facilitate the constructing of a modern economic system. Additionally, the Group’s schools have achieved fruitful results in developing quality professions, among which, Guangzhou Huashang College has been granted one first-class undergraduate profession at the national level, six provincial first-class undergraduate professions and nine provincial first-class undergraduate courses. Since its establishment, the Group has insisted on industry-oriented development and meeting the urgent needs of the market, closely aligning with sunrise industries with strong demand for talent. The Group has taken the initiative of setting up related professions, with the aim of constantly improving the professional layout of vocational education and satisfying the needs of the market, as well as meeting the needs of students with different talent in terms of choices and diversification of their potentials.

Gradually advance the integration of industry and education with school-enterprise cooperation

Cultivate application-oriented talents who possess international vision

During the Reporting Period, the Group closely followed the development strategies of key industries in the PRC, and established strategic partnerships with a number of renowned enterprises in the industry by combining disciplines that constitute its major strengths, and by jointly constructing industry colleges and experimental and practical training bases for majors in healthcare, creative arts, e-commerce, and cloud accounting. At the same time, the Group has strictly adhered to the concept of “collaborative education between schools and enterprises” by working closely with more than 1,000 well-known enterprises and listed companies to encourage school-enterprise cooperation. This has included promoting the sharing of talent, technologies and resources between schools and enterprises, facilitating the organic amalgam of industry demand, and deepening industry-oriented talent cultivation. Internationalization of education is also one of the distinctive features of the Group’s educational approach. With the easing of pandemic restrictions, there has been a continuous increase in students’ demand for overseas learning and exchange. The Group has organised multiple batches of student visits to Hong Kong, Singapore, and Australia, helping them and the teachers better understand international market developments and enhancing students’ overall abilities and employability competitiveness.

Prospect

Looking ahead, with strong policy support, the Group will observe national policies and market trends and provide career-oriented vocational education. The Group will continue to promote in-depth development of disciplines and professions that meet the needs of the new era. It will actively build a high-standard practical training system, continuously introduce advanced management concepts and increase investment in infrastructure. In addition, the Group will cultivate innovative talent, well-rounded talent and application-oriented talent, and individuals that possess international vision and can shoulder social responsibility for the country, so as to make positive contributions to the development of national education, and the national economic and social development of the PRC.

About Edvantage Group Holdings Limited

Edvantage Group Holdings Limited (‘Edvantage Group’ or the ‘Group’, stock code: 0382.HK) is the largest private business higher education and vocational education group in the Greater Bay Area, and an early mover in education sector in pursuing international expansion, listed in Hong Kong Main Board on 16 July 2019. The total number of full-time student enrolments of the Group was approximately 86,000 as of 31 August 2023. Operated 9 private education institutions, namely, Guangzhou Huashang College (Applied Undergraduate), Guangzhou Huashang Vocational College (Higher Vocational Education) and Guangdong Huashang Technical School (Secondary Vocational Education) located in Guangdong Province, the PRC; Urban Vocational College of Sichuan (Higher Vocational Education) and Urban Technician College of Sichuan (Secondary Vocational Education) in Sichuan Province, the PRC; GBA Business School (GBABS) in Hong Kong, the PRC; Global Business College of Australia (GBCA) and Edvantage Institute Australia (EIA) in Australia; as well as Edvantage Institute (Singapore) (EIS) in the downtown of Singapore.

While focusing on school operations, the Group also actively fulfil corporate social responsibility, extensively contributing to social welfare programmes including charity, poverty alleviation, education and revitalisation, in order to take the initiative in repaying society through action. Since its listing, the Group has made outstanding contributions in the field of ESG and has won the “InnoESG Care Prize” in 2021, Gelonghui’s “Mid-to-Small Market Value Corporate Social Responsibility Award of the Year”, and Zhitong Caijing’s “Best CSR Listed Company” award in 2022.

Artroniq Announces Impressive Q1 FY2024 Financial Performance with Remarkable Revenue Growth

KUALA LUMPUR, Nov 24, 2023 – (ACN Newswire) – Artroniq Berhad (“Artroniq” or the “Group”), a key contender on the ACE Market, with its’ game-changing move for the Malaysian electric vehicle industry, is proud to unveils the Group’s financial achievements for the first quarter ended 30 September 2023 (“Q1 FY2024”). The Group has demonstrated exceptional growth and strategic resilience, marking a promising start to the year with a substantial increase in revenue.

In Q1 FY2024, Artroniq Berhad achieved an extraordinary revenue of RM16.0 million, marking a stellar increase of about 225-fold as compared to Q6 FY2023. This surge in revenue is mainly attributed to the resolution of previous product returns in the ICT products and related services segment, signifying a robust recovery and commitment to quality and customer service.

Despite the challenging economic climate, Artroniq Berhad has significantly reduced its loss before tax to a less than RM0.1 million in Q1 FY2024 from RM16.0 million in Q6 FY2023. This improvement is a result of strategic initiatives and effective management decisions, including addressing goodwill impairment in the ICT segment.

The management of Artroniq, commented, “We are thrilled with our Q1 performance, which not only showcases our resilience but also our strategic prowess in navigating industry challenges. Artroniq Berhad is actively capitalising on the growth of the semiconductor industry and the emerging electric vehicle market. Our ventures, especially in electric bicycles, are aligned with Malaysia’s Madani Economy objectives and contribute to the national goal of carbon neutrality by 2050. We are committed to innovation, sustainability, and delivering value to our stakeholders.”

They added: “The global semiconductor industry continues to grow despite challenges in securing resources and talent. Malaysia’s strategic initiatives, particularly in Penang, are creating a conducive environment for semiconductor advancements. The government’s focus, as highlighted by the Malaysian Automotive, Robotics and IoT Institute (MARii), on initiatives like the Electric Motorcycle Usage Incentive Scheme is expected to bolster the EV market, including electric motorcycles (e-bikes).”

In conclusion, Artroniq Berhad remains focused on its growth trajectory, leveraging its strengths in the semiconductor and electric vehicle sectors. The Group is committed to navigating the dynamic market conditions with prudence and strategic foresight, ensuring sustained success in 2024 and beyond.

As at 23 November 2023, the share price of Artroniq is RM0.845, representing a market capitalisation of RM344.6 million.

Yew Lee Announces RM5.7 Million Revenue for Q3

KUALA LUMPUR, Nov 24, 2023 – (ACN Newswire) – Yew Lee Pacific Group Berhad (“Yew Lee” or the “Group”), a manufacturer of industrial brushes as well as trading of industrial hardware and machinery parts, today announced that the Group recorded revenue of RM5.7 million for the third quarter ended 30 September 2023 (“3Q FY2023”).

Managing Director of Yew Lee, Mr. Ang Lee Leong

In 3Q FY2023, Yew Lee reported a revenue of RM5.7 million, compared to RM6.1 million in the same quarter of the previous year. This change is primarily due to variations in sales orders. Notably, the Group’s manufacturing business remained profitable, contributing positively to the overall financials. However, an overall slight loss after tax of RM0.1 million was recorded for this quarter, against a profit after tax of RM0.8 million in the corresponding period last year. This was largely due to challenges faced in the trading business segment, which offset the gains from manufacturing.

The revenue breakdown for 3Q FY2023 shows that the manufacturing segment contributed RM3.5 million, while the trading segment accounted for RM2.2 million. The manufacturing segment of Yew Lee demonstrated resilient performance, achieving an operating profit of RM0.3 million. In contrast, the trading segment faced some setbacks, resulting in an operating loss of RM0.3 million.

On a quarter-on-quarter basis, revenue rose to RM5.7 million in 3Q FY2023 from RM5.1 million in the previous quarter, an increase of 11%. This was attributed to a slight uptick in sales orders. The quarter’s loss after tax of RM0.1 million improved from a RM0.4 million loss in the preceding quarter, influenced by income tax expense and higher administrative expenses in the previous quarter, partially cushioned by a shift towards higher-margin products.

Mr. Ang Lee Leong, Managing Director of Yew Lee, stated, “While the rubber glove industry continues to be a significant sector for us, we are actively exploring new avenues for growth. Our commitment to diversifying our market reach and enhancing our operational efficiency remains steadfast. We are optimistic about the future and believe that our strategic initiatives will enable us to generate increased income and ensure Yew Lee’s resilience and long-term stability in a dynamic global market. In addition, our trading segment will endeavor to secure larger and more consistent plus sustainable contracts as part of our ongoing turnaround strategy.”

In line with the Group’s strategy to expand its market presence, Yew Lee is establishing a new subsidiary in Thailand, focusing on industrial brush manufacturing. This decision comes after careful evaluation of the Thailand market, where a stable demand for industrial brushes has been identified. The Group is investing RM9 million from its IPO proceeds for this venture, with RM5.5 million allocated for purchasing additional manufacturing machinery and equipment, and RM3.5 million for setup costs and working capital requirements. So far, an investment of RM1.2 million has been made towards this expansion. Yew Lee’s venture into Thailand is a strategic move to strengthen the Group’s market position and enhance its competitiveness in the Southeast Asian region.

As at 23 November 2023, the share price of Yew Lee stands at RM0.37, representing a market capitalisation of RM197.7 million.

BLUETTI Unveils Three Innovative Portable Power Stations: AC2A, AC70, and AC200L

SYDNEY, AU, Nov 23, 2023 – (ACN Newswire) – On December 15th, BLUETTI, a pioneer in portable power solutions, will launch three new models to the Australian market: the AC2A, AC70, and AC200L portable power stations. These cutting-edge generators are designed to make solar power easily accessible anywhere.

BLUETTI AC2A – Power On the Go

Weighing only 3.6kg, the AC2A is a portable powerhouse designed for hikers and campers alike on the move. With a 204Wh capacity, it delivers a robust 300W AC output and a 600W surge to charge outdoor essentials and electronics. Noteworthy features include rapid 1.4-hour charging with a 270W AC cable and solar-readiness with a 200W solar input to ensure a stable power supply at all times.

BLUETTI AC70 – Robust Mobile Power

Building on the success of the EB70, the AC70 has a 768Wh capacity and an impressive 1,000W running power that can be raised to handle high inductive devices up to 2,000W, such as kettles and hairdryers. Charging is quick and easy with compatibility for multiple sources. The AC70 can charge from 0% to 80% in just 45 minutes from up to 850W AC input and top up in just 2 hours from 500W solar.

BLUETTI AC200L – Power Redefined

The AC200L, an upgraded version of the flagship AC200MAX, offers a similar 2,048Wh capacity and expandability, but with a larger 2,400W output that can be increased to 3,600W for heavy-duty equipment in Power Lifting mode. It fully charges in just two hours via a 2,400W mains charge, without the need for a bulky adapter, or a 1,200W solar charge for unparalleled convenience. The AC200L also adds more quick USB-C ports and a responsive UPS feature that kicks in 20ms during power outages, providing responsive backup power for home essentials.

Price and Availability

Starting December 15th, the AC2A, AC70, and AC200L will be available on the official BLUETTI website and Amazon. Initial pricing details will be announced shortly afterward.

About BLUETTI

BLUETTI has been committed to promoting sustainability and green energy solutions since its inception. By offering eco-friendly energy storage solutions for both indoor and outdoor use, BLUETTI aims to provide exceptional experiences for our homes while also contributing to a sustainable future for our planet. This commitment to sustainable energy has helped BLUETTI expand its reach to over 100 countries and gain the trust of millions of customers worldwide.

Follow us on social media:
Facebook: https://www.facebook.com/groups/bluettipower.au
Instagram: https://www.instagram.com/bluetti_australia/
Youtube: https://www.youtube.com/@BLUETTIOfficial

Contact: pr@bluetti.com

BitMask Wallet 0.7.0 Soars: A Quantum Leap in Bitcoin Evolution Surges Over 760,000 Wallets in Just One Month

SAN FRANCISCO, November 23, 2023 (ACN Newswire) – DIBA Global, backed by industry titans including Draper Associates, ACTAI Ventures, Waterdrip Capital, Martial Eagle Fund, Brad Mills, Rodney Yesep, and others, has sent shockwaves through the Bitcoin industry with the beta release of BitMask Wallet 0.7.0. This marks a historic moment as the user base surpasses 763,623 wallets. This milestone, achieved without any advertising, underscores the community’s trust in DIBA’s commitment to advancing Bitcoin utility.

Worthy of note is the official partnership between DIBA GLOBAL and Satoshi Lab to foster the development and advancement of Bitcoin technology and, as a result, build a better world for all.

Unveiling the Future: BitMask Wallet 0.7.0

BitMask Wallet 0.7.0 is not merely an update; it’s a quantum leap in the evolution of Bitcoin wallets. As one of the pioneers offering first-class support for RGB, the release signals DIBA’s dedication to pushing the boundaries of what’s achievable on the Bitcoin network. The beta version, accessible at beta.bitmask.app, is a glimpse into the upcoming launch of a groundbreaking marketplace for Unique Digital Assets, poised to reshape the digital economy.

BitMask Wallet 0.7.0 is a game-changing release that sets new standards for Bitcoin wallets. With BitMask Core, written in Rust, compiled to WebAssembly, and provides TypeScript bindings, it reflects DIBA’s commitment to technical excellence and delivery capabilities. Visit bitmask-core.io for more information.

Community-Powered Growth: Unleashing Potential

The success story behind BitMask Wallet’s growth is awe-inspiring. No advertising, just relentless innovation. More than 763,623 wallets have been generated by users, with over 201,221 on Bitcoin mainnet, and the remainder spread over testnet, Mutinynet signet, and regtest. Not every user has wallets on every network and many will have used multiple networks. Regtest is primarily used by developers, which suggests significant adoption of BitMask amongst the RGB developer community. The numbers speak volumes about the community’s belief in DIBA’s vision and the utility offered by BitMask Wallet.

The team expresses their sincerest gratitude to BitMask community member and researcher @DaPangDunCrypto, who generously shared news of our innovation and communicated details about RGB smart contracts on Bitcoin with the Chinese community.

Technical Marvel: Metrics and Security

The technical prowess behind these metrics is equally impressive. Utilizing Carbonado, an encoding format developed by DIBA, RGB contract data is securely kept in decentralized storage. End-to-end encryption, powered by a wallet-derived key, ensures utmost security. Data is stored on servers operated by Hut8, with plans to expand storage partnerships, reflecting DIBA’s commitment to robust decentralized infrastructure.

Revolutionary Features of BitMask Wallet 0.7.0

The 0.7.0 release introduces a host of features, including:
– Password Sync in Extension: Enhancing user experience by minimizing password prompts.
– Transfer Batching: Optimizing RGB transfers with fee adjustments for consecutive transactions. This will result in a dramatic reduction in fees for our users.
– Contract Management: Users can now hide unwanted contracts and republish existing contracts to the BitMask Asset Registry.
– User Experience Enhancements: Numerous improvements and bug fixes for a seamless experience.

Future of Bitcoin: A Bold Step Forward

BitMask Wallet 0.7.0 is not just a wallet; it’s a statement. A statement that DIBA is committed to pushing the envelope, introducing features that redefine user experience, and laying the groundwork for the future of Bitcoin. We are still very early.

Join the Revolution: #GOATs Incoming

Follow DIBA’s socials on X* (formerly Twitter) and Nostr** for an impending announcement of Gift of Attendance Tokens (GOATs). The Bitcoin world is watching, and you won’t want to miss this historic moment. Join us as we reshape the digital landscape and usher in a new era of Bitcoin innovation.

*X: @trydiba and @BitMask_App
**Nostr: npub1dlpahda2wchw96pxmszx30hwnq05kh5emg467rtvcay48dgvccwsspm3ul

For media inquiries:

DIBA Communications

Anastasia Ilicheva, Anastily@diba.io
https://diba.io
https://beta.bitmask.app,
http://bitmask-core.io/