Sri Trang Agro-Industry (STA) joins GPSNR

BANGKOK, Aug 22, 2023 – (ACN Newswire) – Sri Trang Agro-Industry PCL (STA) has joined the Global Platform for Sustainable Natural Rubber (GPSNR) in the producers, processors and traders category.

STA, a prominent natural rubber company founded in 1987, is dedicated to promoting sustainable and fair production of natural rubber on a large scale. Operating extensive rubber plantations spanning nearly 7,000 hectares in 19 provinces of Thailand, STA holds a significant position in the global natural rubber market. By joining GPSNR, STA demonstrates its strong commitment to advancing a more sustainable and ethical natural rubber sector.

"We are thrilled to welcome Sri Trang Agro-Industry Public Company Limited to GPSNR," said Stefano Savi, Platform Director of GPSNR. "Given the company's scale and outreach, we look forward to their insights and contributions to important industry-wide processes on sustainable and equitable production currently underway at GPSNR, like our assurance model and shared investment mechanism."

Nattee Thiraputhbhokin, Chief Marketing Officer of STA, stated, "Joining GPSNR reflects our unwavering commitment to advancing sustainable practices in the natural rubber industry. In addition, in the ever-evolving world of rubber production, STA emerged as a trailblazer with its groundbreaking Sri Trang Ecosystem. This digitalized, transparent, and sustainable framework showcased STA's unwavering commitment to advancing sustainability in the natural rubber industry. With traceability ingrained in every step, from rubber tree cultivation to the delivery of traceable products, the ecosystem sets a new standard for better accountability. Joined by other industry leaders under the Global Platform for Sustainable Natural Rubber (GPSNR), STA aimed to forge a more sustainable and equitable future for all stakeholders, inspiring a transformation that resonated far beyond their business borders."

Released by Public Relations Dept., MT Multimedia Co., Ltd. for Sri Trang Agro-Industry PCL
For additional information, please contact: Wasana "Jeab" Wongsiri
Tel: +66 84 359 0659, +66 2 612 2081 ext.131; E: wasana.w@mtmultimedia.com

Sri Trang Agro-Industry PCL, www.sritranggroup.com/en/home
[SET: STA] [SGX: NC2] [FRA: YTAA] [OTCPK: SLJUY]

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Ascendiant Capital Markets: Society Pass Inc (Nasdaq: SOPA) 2Q 2023 Saw Strong Revenue Growth of 338% Year on Year; Major Acquisition and Expected Cash Probability in 2H 2023 to Drive Share Price Higher

New York, Aug 21, 2023 – (ACN Newswire) – Ascendiant Capital Markets LLC (“Ascendiant“) initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA) (“SoPa” or the “Company“), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

Click Here (on Society Pass website) or Here (on Ascendiant Capital Markets website) to view the full Ascendiant Capital Markets Equity Research Report.

Summary Points:

• Strong 2Q 2023 Revenue Growth: SoPa reported its quarterly financial results on 10 August with 2Q 2023 revenues totaling $2.2 million, representing a 338% y-o-y.

• Major M&A: Announced in July 2023, the Company entered into an agreement to acquire 95% of PT Inetindo Info (“Inetindo”), a wholly subsidiary of Story-I Limited (“Story-I”). Inetindo is a leading Indonesia-based Apple Premium Reseller and Authorised Education Partner as well as an electronic gaming retailer for several different gaming companies. The purchase price is ~$1.9 million and the deal is expected to close by September 2023. Ascendiant notes that Inetindo’s annual revenue of ~$30 million will be a significant contributor to Society Pass results going forward.

• Significant 2023 Revenue Growth and Expected Cash Profitability in 2H 2023: SoPa stated that 2023 revenue run rate can be $60 – 100 million and it expects to reach cash profitability sometime in 2H 2023.

• Focused on Loyalty Platform: SoPa’s ecosystem of technology-enabled companies synergistically work together to transform how consumers and merchants interact with one another. Its key focus is on generating customer loyalty, ease of transaction for consumers, and revenues for merchants. As more merchants and consumers in SEA register on its Society Pass platform, more transaction data is generated, and thus presenting more opportunities for creating loyalty from consumers to merchants.

• Lifestyle Platform: The Company has developed an online lifestyle, “Leflair” branded platform in Vietnam to enable consumers to purchase high-end brands in many categories. Using the company’s smart search engine, consumers search or review their favorite brands among hundreds of choices in various categories, including Apparel, Bags & Shoes, Accessories, Health & Beauty, Home & Lifestyle, International, Women, Men and Kids & Babies categories.

• Market Opportunities: Ascendiant believes that continued strong economic expansion, robust population growth, rising level of urbanization, the emergence of the middle class, and the increasing rate of adoption of mobile technology provide fast growing market opportunities for SoPa in SEA.

• Positive High Risks versus High Rewards: Overall, concerns outweighed by growth prospects and valuation. Society Pass’s main products still has long commercialization challenges ahead, but we believe the ~billion dollars market potential presents high rewards for the risks.

• Current valuation attractive: We are maintaining our BUY rating, but raising our 12-month price target to $3.75 from $3.50, based on a NPV analysis, representing significant upside from the current share price. We believe this valuation appropriately balances out the company’s high risks with its high growth prospects and large upside opportunities.

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 650,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; and NextGen Retail, a Indonesia-based e-commerce platform.

For more information on Society Pass, please visit:

Website at https://www.thesocietypass.com or

LinkedIn at https://www.linkedin.com/company/societypass or

Facebook at https://www.facebook.com/thesocietypass or

Twitter at https://twitter.com/society_pass or

Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contact:

Rokas Sidlauskas

Chief Marketing Officer

rokas@thesocietypass.com

Atlas Lithium Appoints Industry Veteran Nicholas Rowley as Vice President of Business Development

Boca Raton, Florida–(ACN Newswire – August 21, 2023) – Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or “Company”) is pleased to announce the appointment of Mr. Nicholas Rowley as its Vice President of Business Development effective immediately. Mr. Rowley brings over a decade of experience with many strong relationships built over time throughout the global lithium space. Atlas Lithium plans to develop an environmentally friendly and efficient facility to produce lithium concentrate in Brazil’s Lithium Valley. The Company owns a large portfolio of mineral rights for hard-rock lithium in the state of Minas Gerais where Lithium Valley is located.

Mr. Rowley joins the Atlas management team following a lengthy and highly successful career at Galaxy Resources Limited, a lithium-focused company with assets spanning Australia, Canada, and Argentina where he held several key roles, most notably Director of Corporate Development. In this position, he contributed significantly to the growth and enhancement of the Galaxy portfolio of assets through partnerships and divestitures and later to the implementation of its AUD 6 billion merger with Orocobre Limited in 2021, creating Allkem Limited, one of the world’s largest lithium producers.

Mr. Rowley is also the founder and Chief Executive Officer of Electramin, a global battery metal trading company. In addition, he is the founder and executive director at RTEK International, which has offered mining engineering, planning and business development services to hard-rock lithium explorers and producers worldwide. Mr. Rowley holds a Bachelor’s degree in Finance and Management from the University of Notre Dame, Australia.

“I am delighted to welcome Mr. Rowley to our management team,” said Marc Fogassa, Chairman and Chief Executive Officer of Atlas Lithium. “It is a testament to the strength of Brazil’s Lithium Valley as a mining jurisdiction that we can attract such talent. Atlas Lithium has been approached by multiple companies within the global lithium space seeking to learn more about our exciting project and Nick will rapidly advance those conversations. Additionally, given his experience with lithium projects that transitioned from explorer to producer, I believe that Nick will add tremendous value in our continued progress towards the production stage.”

About Atlas Lithium Corporation

Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project in Brazil’s Lithium Valley, a well-known lithium district in the state of Minas Gerais. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel, rare earths, titanium, and graphite. The Company also owns equity stakes in Apollo Resources Corp. (private company; iron) and Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward looking statements are based upon the current plans, estimates and projections of Atlas Lithium Corporation and its subsidiaries (collectively, “Atlas Lithium” or “Company”) and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium’s ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.

Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-Q filed with the SEC on August 14, 2023. Please also refer to the Company’s other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company’s views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.

Investor Relations:

Michael Kim or Brooks Hamilton

MZ Group – MZ North America

+1 (949) 546-6326

ATLX@mzgroup.us

https://www.atlas-lithium.com/

@Atlas_Lithium

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/177853

HKTDC Food Expo and concurrent events reflect spending power

HONG KONG, Aug 21, 2023 – (ACN Newswire) – The Food Expo, Beauty & Wellness Expo and Home Delights Expo, organised by the Hong Kong Trade Development Council (HKTDC), concluded on a high note today while the two trade fairs – Food Expo PRO and Hong Kong International Tea Fair – drew to a successful close on 19 August. The five fairs featured more than 1,800 exhibitors from 24 countries and regions and attracted close to 480,000 public visitors, an encouraging recovery sign for the trade and fairs industries. The International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM), organised by the Modernized Chinese Medicine International Association (MCMIIA) in collaboration with the HKTDC and eight major research institutes, also concluded on 18 August.

Organised by the Hong Kong Trade Development Council (HKTDC), the Food Expo, Beauty & Wellness Expo, and Home Delights Expo concluded on a high note today.

Food tasting returned at the Expo following a ban during COVID-19, the Food Expo and concurrent fairs became festive public events attracting both local families and visitors.

The newly rebranded Food Expo PRO, previously known as the Trade Hall, was held for the first time since travel links returned to normal. Food Expo PRO and the Tea Fair together attracted more than 20,100 buyers from 69 countries and regions, including Mainland China, ASEAN (Association of Southeast Asian Nations) members, Japan, Korea, Taiwan, the United States, Mexico and Poland, reaffirming Hong Kong's F&B trading hub role in Asia.

Sophia Chong, HKTDC Deputy Executive Director, said: "This year's Food Expo and the concurrent events have been truly exciting and bustling, with the number of visitors and exhibitors' sales showing positive signs, underlining strong public demand and appetite for food shopping. The two trade fairs, including the rebranded Food Expo PRO and concurrent Hong Kong International Tea Fair, were well supported by group pavilions and exhibitors from a vast spectrum of countries and regions. We are pleased to see that the five events have successfully created business opportunities for exhibitors and the public, who were truly satisfied."

Electronic payment helps boost spending

The second phase of the Consumption Voucher Scheme rolled out shortly before the fairs and the promotion of electronic payments at the expo by HKTDC has made transactions faster and more convenient. More than 50% of about 1,300 respondents in an on-site survey had spent HK$1,000 (US$128) or more at the exhibition; the overall per capita spending was about HK$1,500, a year-on-year rise of more than 8%. Nearly 80% of survey respondents paid electronically, underlining the spending boost e-payment brought.

Strong consumer sentiment brings rewarding sales

The Food Expo has always been Hong Kong's annual culinary highlight, bringing together a selection of the world's finest specialities. Eric Lin, Managing Director of exhibitor Hop Hing Loong Company Limited, said: "We import more than 100 brands from different countries worldwide. Consumers are keen to make purchases while Japanese fruit liqueurs and sake are among the best sellers. We expect total sales to reach HK$800,000 to HK$1 million at the Expo this year."

Trade buyers broaden business networks

The Food Science and Technology Zone was a new addition at the Food Expo PRO. A Hong Kong exhibitor, Technological and Higher Education Institute of Hong Kong (THEi), showcased non-alcoholic beer and the "electronic tongue", a smart device which carries out a full range of quantitative and qualitative taste sensing analysis. Dr Carmen Man, a lecturer at the institute, said: "We have met a good number of food-tech companies and government representatives from different countries, including Japan and Singapore. They expressed keen interest in our technology and products and we will continue to explore business collaboration."

At the Hong Kong International Tea Fair, Shobel Mulinge, Commercial Director of Nala Tea Company Ltd from Kenya, established links with buyers from Egypt, Mainland China and Singapore. The company expects to receive new orders worth US$400,000 through this year's fair.

EXHIBITION+ hybrid mode boosts borderless business exchange

Food Expo PRO and the Tea Fair are still being held online under the EXHIBITION+ hybrid model. Buyers and sellers can continue to check out AI-recommended business leads as well as arrange and conduct online meetings with each other through Click2Match, a smart business-matching platform, until 26 August. The trade fairs also launched the offline-to-online communication function Scan2Match, helping buyers bookmark favourite exhibitors, browse product information, and continue their online chat with exhibitors during and after the physical fairs.

The concurrent Beauty & Wellness Expo offered a wide range of beauty and health products. Exhibitor Erica Yu, Founder & CEO of Quantumbeauty Biotechnology Co, Ltd from Mainland China said: "Our main goal in participating in the Beauty & Wellness Expo for the first time is to promote our brand and our home beauty device. We prepared 100 sets at our booth, but they were all sold out on the first day. We had to immediately replenish another 500 sets from Shenzhen. We expect sales will reach HK$650,000."

Home Delights Expo exhibitor Qivation Company Limited, showcased various nano photocatalytic home and personal products. Director Jeff Chan expected that their onsite sales turnover would rise 30% from last year to HK$400,000.

Mainland and overseas participants return, unleashing business opportunities

This year's five major events featured various group pavilions, including Indonesia, Japan, Kenya, Korea, Mexico, Poland, Sri Lanka, Thailand, 10 provinces from Mainland China and more. The turnout showed that mainland and overseas exhibitors and buyers were eager to return to physical fairs in Hong Kong.

At Food Expo PRO, Singapore buyer Gary Lee, Business Development Director of San SeSan Global Pte Ltd, met 10 exhibitors through the business matching service, placing orders with exhibitors from Poland, Indonesia, Vietnam, Mainland China and more, seeking frozen foods, instant foods, cashew nuts and tea leaves completing orders worth SG$300,000 (US$221,000).

Chinese Medicine conference creates synergies

The Modernized Chinese Medicine International Association (MCMIA), together with the HKTDC and eight scientific research institutions, presented the latest International Conference of the Modernization of Chinese Medicine & Health Products (ICMCM), offering invaluable Chinese medicine insights and information for industry participants. Under the theme Inheritance and Innovation of Traditional Chinese Medicine, 18 keynote speakers from around the globe discussed Chinese medicine research and development and shared on successful product commercialisation. The conference was held in conjunction with five major fairs, achieving a cross-fair synergy effect.

For more comments from exhibitors and buyers, please visit:
HKTDC Food Expo PRO: http://bit.ly/3YH8zTf
HKTDC Hong Kong International Tea Fair: https://bit.ly/3KKsz1C
HKTDC Food Expo: https://bit.ly/3YJuJEy
HKTDC Beauty & Wellness Expo: https://bit.ly/3YFWSMA
HKTDC Home Delights Expo: https://bit.ly/3qCgp3Z
Photo download: https://bit.ly/3KS72nJ

Websites:
HKTDC Food Expo PRO: https://foodexpopro.hktdc.com
HKTDC Hong Kong International Tea Fair: https://hkteafair.hktdc.com
HKTDC Food Expo: https://hkfoodexpo.hktdc.com
HKTDC Beauty & Wellness Expo: https://hkbeautyexpo.hktdc.com
HKTDC Home Delights Expo: https://homedelights.hktdc.com
The International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM): https://icmcm.hktdc.com
August Happy Buy website: https://ecoupon.hktdc.com/food/

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.

Media enquiries
HKTDC's Communications and Public Affairs Department:
HKTDC Food Expo, HKTDC Beauty & Wellness Expo
Kate Chan, Tel: +852 2584 4239, Email: kate.hy.chan@hktdc.org

HKTDC Food Expo PRO, HKTDC Hong Kong International Tea Fair, ICMCM
Frankie Leung, Tel: +852 2584 4298, Email: frankie.cy.leung@hktdc.org

HKTDC Home Delights Expo
Clementine Cheung, Tel: +852 2584 4575, Email: clementine.hm.cheung@hktdc.org

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Welcome to the World of Holistic Beauty – The Epitome of Health and Beauty with LAC MASQUELIER’s(R) French Pine Bark Extract

SINGAPORE, Aug 21, 2023 – (ACN Newswire) – What if the key to timeless beauty lies not in cosmetics or skincare products, but in our inner health? Gone are the days when beauty was merely skin deep, defined by cosmetics and outward enhancements. The buzzwords – Holistic Beauty – have been in the rage recently, where the concept of Holistic Beauty recognises that our physical appearance is a reflection of our overall health.

Introducing the unsung hero of beauty and health: Antioxidants. These remarkable allies offer a more effective and long-term solution for women seeking radiance and vitality. Antioxidants, found in foods or supplements like French Pine Bark Extract, can help protect the skin from oxidative stress caused by free radicals. This protection may assist in maintaining skin elasticity, reducing the appearance of fine lines and wrinkles, and promoting a radiant complexion.

At LAC, we redefine the concept of beauty, promoting a deeper meaning behind achieving radiant skin. We encourage individuals to prioritise overall wellness, recognising that a nourished body and balanced mindset contribute to long-term beauty and well-being.

Offering a holistic approach to beauty that goes beyond superficial enhancements, LAC MASQUELIER's(R) French Pine Bark Extract antioxidant work from within, helping to counteract oxidative stress and free radicals that can contribute to premature ageing and other skin-related concerns.

Loaded with oligomeric proanthocyanidins (OPCs), a potent antioxidant, LAC MASQUELIER's(R) French Pine Bark Extract reduces the amount of free radicals in the body, allowing the body to combat pathogens and infections effectively.

About LAC Global

Headquartered in Singapore, LAC Global is one of Asia's largest speciality retailers in nutritional supplements, vitamins, minerals, herbal, and other speciality supplements in Anti-ageing and Beauty, Immunity, Weight Management, Sports Nutrition, and Energy.

The Company owns the LAC brand, short for Leader in Antioxidative Control(TM), a leading health and wellness supplement brand with a global presence. Since its founding, LAC has embarked on a pioneering journey to develop scientifically based formulas, harnessing the best of eastern wisdom and western technology to fight free radicals, combat ageing brought forth by oxidative stress, and support you daily in looking, feeling, and functioning at your best. Having established a global presence since 1997, LAC's reach includes Singapore, Malaysia, Taiwan, Philippines, China, Japan, Vietnam, Myanmar, USA, Central & South Americas, and the Middle East. Currently, there are more than 220 LAC branded stores in Singapore, Malaysia, Philippines and Taiwan ROC. LAC stringently sources ingredients from around the globe, such as USA, Japan, France, Australia, New Zealand and Switzerland to ensure utmost quality, and works only with the most specialised partners in developing and manufacturing health solutions.

Its other brands include Xndo Food For Health. LAC Global is dedicated to ensuring consumers stay well, and live life to the fullest.

Website: LAC.sg
Instagram: @LACGlobalSingapore
Facebook: @LACGlobalSingapore

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

China BlueChem Achieves Record-High Interim Profit, 2023 1H Profit increases by 83% to RMB 1.715 billion

HONG KONG, Aug 21, 2023 – (ACN Newswire) – China BlueChemical Ltd. ("China BlueChem" or the "Company," stock code: 3983), the leading chemical fertiliser and methanol producer in China, announced its unaudited interim results for the six months ended 30 June 2023. In the first half of the year, the Company's revenue decreased by 16.2% to RMB 6.176 billion. Net profit attributable to shareholders of the Company significantly increased by 83% to RMB 1.715 billion, marking the record-high mid-year profit in the company's history.

Mr. HOU Xiaofeng, CEO and President of China BlueChem said, "The Company has consistently implemented its green and low-carbon development strategy. Due to ESG considerations, the Company sold a 67% equity interest in CNOOC Tianye, which resulted in a one-time revenue of RMB 850 million in the first half of the year. This significantly drove the company's profit to grow 83% to RMB 1.715 billion, marking the highest mid-year profit in the company's history. The Company has consistently boasted the honor and advantage of being an industry leader in energy efficiency. The methanol plant of the Company was awarded the honorary title of "Energy Efficiency Leader" by China Petroleum and Chemical Industry Federation for 12 consecutive years, and the synthetic ammonia plant was awarded the honorary title of "Water Efficiency Leader" by China Nitrogen Fertiliser Industry Association for four consecutive years."

In the first half of 2023, the domestic economy continued to recover, while facing challenges such as insufficient domestic demand and a complex and tough external environment. In response to the market environment, the Company has actively enhanced its marketing capabilities. On one hand, it strived to strengthen its product brand premium, and on the other hand, it intensified its agrochemical services. Additionally, the Company forged ahead cost reduction and efficiency enhancement

In the production perspective, the Company's main facilities have achieved long-term operation. In particular, the C series of DYK Chemical's sulfuric acid achieved long-term running for 301 days, and CNOOC Huahe's chemical fertiliser plant achieved long-term running for 228 days, both breaking historical records. The urea production volume of the CNOOC Huahe hit a record high. As a result, the Company produced 1.044 million tonnes of urea, 687 thousand tonnes of methanol, 401 thousand tonnes of phosphate fertilisers and compound fertilisers in the first half of the year.

With regards to sales and marketing, the Company accurately assessd the market and strengthened refined pricing. It also fully promoted the export of fertilisers during off-seasons and focused on the development of high-quality trade. The Company deepened its brand building and actively established itself as a "Plant Nutrition Solution Provider". In the first half of the year, the Company sold 1.045 million tonnes of urea, 655 thousand tonnes of methanol and 352 thousand tonnes of phosphate fertilisers and compound fertilisers.

As for the industry outlook in the latter half of the year, the net domestic urea supply will be flat year-on-year or slightly increase, and the domestic supply and demand will be basically balanced, thereby the export will increase significantly. It is expected that the overall urea market will fluctuate. After the continuous decline of phosphate fertiliser, with the recovery and concentrated release of demand, the price of phosphate fertiliser has a certain foundation for stabilising and rebounding in the third quarter, which is related to the trend of international market prices and raw material costs. However, the overall oversupply situation may continue, and the price will still face the risk of falling in the fourth quarter. In the context of stable domestic economic growth, the oversupply of methanol will be alleviated. Under the situation of expected improvement in the macro environment, the market is expected to mainly fluctuate in a wide range. Due to raw materials, demand and other support, the market price of acrylonitrile may rise slightly.

Regarding the key strategies for the second half of 2023, Mr. Hou Xiaofeng, CEO and President of China BlueChem said, "The Company will continue to enhance the safe and stable operation of production plants, and promote the completion of HSE "re-systemization" construction. It will continuously optimise the business models and further promote the brand strategy, strengthen warehouse management and give full play to the advantage of inventory premium. Moreover, the Company will promote the analysis of digital scenarios in areas such as smart factory, smart terminal and smart sale, and focus on the construction of terminals in Basuo Port to promote the development of international trade and port logistics service industry, as well as actively deploy the clean energy industry and promote green and low-carbon development in order to bring shareholders good returns.".

About China BlueChemical Ltd.

China BlueChemical Ltd. ("China BlueChem") is a listed company that specialises in the development, production and sales of chemical fertilisers and synthetic chemical products. It is the largest Central enterprise in the field of chemical fertilisers in terms of both production capacity and production volume. The Company is a subsidiary of China National Offshore Oil Corporation which mainly engages in the exploration, development, production and sales of crude oil and natural gas. On 29 September 2006, China BlueChem was listed on the main board of The Stock Exchange of Hong Kong Limited with the stock code 3983. Currently, its production facilities are located in Hainan, Inner Mongolia, Hubei and Heilongjiang, China, with a total designed annual production capacity of 1.84 million tonnes of urea, 1 million tonnes of phosphate and compound fertilisers (mono-ammonium phosphate, di-ammonium phosphate and compound fertiliser), 1.4 million tonnes of methanol, 200,000 tonnes of POM and 70,000 tonnes MMA. It has a deep water port with a designed annual throughout capacity of 18.28 million tonnes in Dongfang city, Hainan province. Boasting continued growth of its brand value, China BlueChem was admitted to the official 2022 China Brand Value Evaluation List with a brand value of RMB3.971 billion, an increase of RMB772 million compared with 2021. In early 2023, the Company was granted "The Outstanding Listed Enterprise Awards 2022 – Excellent Results Performance" by Capital Media in recognition of its impressive and growing financial results.

For more information about the Company, please visit its website: www.chinabluechem.com.cn.

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BYTES ignited Singapore’s foremost Big Data Analytics & AI companies to take action

Singapore, Aug 21, 2023 – (ACN Newswire) – Government of Singapore's massive ICT strides have started the next wave of transformations in the country's digital industries. Having spent $12.6 billion on ICT in the last four years, the government has been attracting multinational conglomerates to establish their regional headquarters in the island country.

With surveys estimating Singapore companies to reach the top in APAC with Data Analytics and RPA usage, Tradepass organized BYTES – Big Data Analytics & AI Summit on 25-26 June at Sands Expo & Convention Centre, Singapore.

Giving a quick feedback on the platform, Milind the Data Science Product Owner and AI Specialist from Mercedes Benz expressed, "This was a very well organised event and the quality of speakers, the quality of panel discussions were quite outstanding."

Overwhelmed by the heavy flow of delegates at the platform the exhibiting companies projected a strong competitive spirit and went all out with their products showcase. Companies like Alteryx, Amplitude, Fivetran, SingleStore, Alation, OpenText and Altair took up the entire exhibition space and initiated conversations, fixed one-on-one meetings & demonstrated their solutions throughout the event days.

On the other side, the products showcase was extremely well received by the delegates who wasted no time in exchanging business cards for potential collaborations. The platform hosted 350+ Big Data Analytics & AI professionals including but not limited to CDOs, CIOs, Heads of IT, Data & Business Intelligence, Modelling & Mining, Analytics and Directors of AI, ML & Robotics.
One of the key speakers for the event, Kenny Tay (CEO, Singapore Digital Chamber Of Commerce) gave quite a perspective on AI, "I believe that with the development of current AI especially the generative AI model – The world will change, processes will change and people have to change."

The event also received a fair share of publicity as it attracted close to twenty Media Partners. Above all, BYTES 2023 – Singapore got the strong backing from Singapore Digital Chamber of Commerce (SGDCC) who took the initiative to become the supporting partner for the event.
While the products & solutions were all cutting-edge, the platform also addressed some of the most pressing topics from Big Data Analytics & AI through its conference. The agenda covered, "The Trends and Journey of AI in 2023", "The Blueprint for Driving Data Culture", "GenAI and Business Implications", "Data Democratization", "Harnessing The Power of Generative AI", "Adoption of Data Mesh Architecture" and many other insightful topics.

The Principal Data Scientist from London Stock Exchange Group, Nitish Ramkumar who took a crucial session on "Natural Language Processing in Sustainable Finance" expressed his opinion on the event, "It has been very good and I think all the speakers, people I am seeing here are very diverse and the topics which have been covered shows the strength of Data Science and AI."

From automobile, logistics, banks, cosmetics to FMCG, F&B and many others, the event attracted participation from a wide range of sectors.

While talking about how AI can make a lot of things easier, the Director for Marketing Science at Meta Singapore Pte Ltd, Vikram Bansal said, "By letting AI become your assistant, it frees you up from looking at things more strategically, it also frees you up to think of innovations and new ideas."

For more information about the summit, log on to: https://singapore.bytessummit.com/

About Tradepass

Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.

As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.

Media contact:
Shrinkhal Sharad
PR & Communication Lead
shrinkhals@tradepassglobal.com
+ (91) 80 6166 4401
Tradepass

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Legend Capital Portfolio: Nuclei, the World’s First RISC-V CPU IP Vendor, Accomplishes ISO 26262 ASIL-D Product Certificate

HONG KONG, Aug 18, 2023 – (ACN Newswire) – Legend Capital's portfolio company, Nuclei System Technology, a leading RISC-V CPU IP vendor in China, announces that NA900 has been certified to be compliant to ASIL D requirements of ISO 26262 standards for both systematic fault and random hardware fault. NA900 becomes the world's first RISC-V CPU IP achieving ISO 26262 ASIL D product certificate.

The NA900 processor has been developed as a hardware SEooC according to ISO 26262-10. The development meets the applicable ASIL D design specification, implementation and verification requirements of ISO 26262 parts 4,5,7,8,9 as guided by ISO 26262-10, and the functional safety management requirements per ISO 26262-2. According to the official assessment report, NA900 meets both systematic capability and hardware safety integrity with ASIL D. Nuclei is the first RISC-V CPU IP vendor in the world to get ASIL D product certificate.

NA900 is a configurable CPU core features a 9-stage, dual-issue pipeline supporting RISC-V RV32IMACFDPB ISA.

NA300D has been assessed according to ISO 26262-5:2018 with SGS and gets ASIL D Ready certificate for hardware safety integrity. According to SGS assessment report, NA300D meets the architectural metrics SPFM and LFM with ASIL D target values.

NA300 is a configurable CPU core features a 3-stage, single-issue pipeline supporting RISC-V RV32IMACFDPB/Zc ISA.

"It's a great honor for Nuclei to obtain the world's first ISO 26262 ASIL D product certificate of RISC-V CPU IP, which is a huge achievement of the team. This is a significant milestone not only for Nuclei, but also for the entire RISC-V ecosystem booming in the automotive industry. Together with our partners, Nuclei will continue expanding FUSA compliant product portfolio in the near future." said Jianying Peng, CEO of Nuclei.

About Legend Capital
Founded in 2001, Legend Capital is a leading VC&PE investor focusing on the early-stage and growth-stage opportunities in China, with offices across Beijing, Shanghai, Shenzhen, Hong Kong, and Seoul, Korea.

It currently manages USD and RMB funds of over US$10 billion in commitments, and has invested in around 600 companies, covering technology, healthcare, consumer, enterprise service and intelligent manufacturing sectors. Rooted in China, Legend Capital participated in the rise of many world-leading companies by solid investment coverage and systematic post-investment value-add. Over the years, Legend Capital has also become a widely recognized name in bridging key resources in China and overseas through cross-border activities, and a valuable partner to Chinese and overseas investors.

Legend Capital values long-term sustainable investment and incorporates ESG into its long-term development strategy. As a UNPRI signatory since November 2019, Legend Capital is among the first group of top VC/PE firms in China to join the initiative.

For more information, please visit www.legendcapital.com.cn/index_en.aspx and follow us on LinkedIn @Legend Capital ( https://www.linkedin.com/company/legend-capital ).

About Nuclei System Technology
Established in 2018, Nuclei System Technology is a leading RISC-V CPU IP vendor in China. Nuclei dedicates to developing high-performance/low-power processors and their associated SoC platforms to serve the rapidly growing computing applications worldwide.

Starting from scratch, Nuclei provides a full series of processors that can meet various markets and applications, including RISC-V 32-bit (N/U classes) & 64-bit architecture(NX/UX classes), security (NS class) & automotive (NA class), etc. As of today, more than 150 customers have officially licensed Nuclei's processor IPs. covering MCU, AIoT, 5G communication, industrial control, artificial intelligence, automotive electronics, storage, Ethernet, etc.
https://nucleisys.com

The article is distributed by Ever Bloom (HK) Communications Consultants Group Limited on behalf of Legend Capital.

For further information, please contact:
Ms. Orianna Ou / Ms. Arina He
Tel: +852 3468 8171
Email: legendcapital.list@everbloom.com.cn

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Champion REIT Announces 2023 Interim Results

HONG KONG, Aug 18, 2023 – (ACN Newswire) – Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for the six months ended 30 June 2023.

(Left) Ms. Christina Hau, Chief Executive Officer & (Right) Ms. Amy Luk, Investment and Investor Relations Director

Ms. Christina Hau, Chief Executive Officer

Overview
The full reopening with mainland China and a new round of the government's Consumption Voucher Scheme helped revive the Hong Kong retail market in the first half of 2023. While a return of tourists boosted the footfall and tenants' sales, the number of arrivals was still below pre-pandemic levels. The Hong Kong office market remained challenging in the first half due to geopolitical tensions and a softening global economy. Results of the Trust continued to be impacted by the leases committed during the pandemic and the increase in interest expense during the reporting period. Distributable income dropped 12.3% to HK$ 617 million (2022: HK$704 million) and distribution per unit ("DPU") dropped by 12.6% to HK$0.0927 (2022: HK$0.1061).

Three Garden Road
The occupancy of Three Garden Road was relatively stable in the first half of 2023 and an anchor tenant in the financial sector expanded its operations in Three Garden Road. Occupancy of the property was 82.2% as at 30 June 2023. Total rental income of the property lowered to HK$627 million (2022: HK$689 million).

Langham Place Office Tower
Rental income slightly decreased to HK$174 million (2022: HK$181 million). Occupancy of the property remained stable at 93.2% as at 30 June 2023. Lifestyle tenants remained the major segment of the property, representing 73% of the tenants mix as at 30 June 2023.

Langham Place Mall
The recovery of tourist spending and growth in domestic consumption delivered a remarkable growth of 66.3% in tenants' sales of Langham Place Mall, outperforming the overall Hong Kong retail sales which increased by 20.7% in the first six months of 2023. The substantial above-market performance of the mall was largely attributable to the considerable growth in the beauty sector. Although occupancy of the property receded to 95.0% as at 30 June 2023 due to the time gap in tenant turnover, all the unoccupied areas had been committed. The total rental income of the mall grew 12.3% to HK$366 million (2022: HK$326 million).

Distribution
Distributable income of the Trust dropped 12.3% to HK$617 million (2022: HK$704 million) and DPU dropped by 12.6% to HK$0.0927 (2022: HK$0.1061). Based on the closing unit price of HK$2.84 recorded as at 30 June 2023, the total DPU represented a distribution yield of 6.5%.

Asset Value
The appraised value of the Trust's property portfolio was HK$63.1 billion as at 30 June 2023, declining 0.7% from HK$63.6 billion as at 31 December 2022.

Sustainability
We made significant progress towards our 2030 Environmental, Social, and Governance ("ESG") targets and 2045 Net Zero Commitment. In addition to pursuing international green building standards, we also step up our sustainability efforts by adding more electric vehicle charging stations. Our inaugural ESG Forum provided opportunities for exchange among our stakeholders to facilitate a greener transition. We also launched the innovative Green Champion Challenge to encourage tenants' involvement in combating climate risks. Other wellness events include International Women's Day celebration, Love Play Farm project and Musica del Cuore musical concerts. Furthermore, we have arranged a total of HK$1,000 million of sustainability-linked credit facilities during the reporting period.

Outlook
The growth momentum for retail sales may slow down a bit in the remaining part of this year following a strong rebound in the first half, because of the relatively higher base in the second half of last year. We stay cautiously optimistic of the retail market outlook as the number of tourists picked up gradually. On the other hand, we remain cautious on the outlook for Central office in view of the rising availability in the district and uncertainties in the global economy. Retaining tenants and occupancy will remain a priority for the property.

The overall operating environment of the Trust will remain challenging under the uncertain global economic situations. Facing the high interest rate environment, we will look for an optimal market window to increase the fixed rate portion. We will continue to look for opportunities in a prudent manner for the long-term growth of the Trust.

About Champion REIT (stock code: 2778)
Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties. The Trust focuses on Grade A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as a joint venture stake in 66 Shoe Lane in Central London. Since 2015, the Trust has been included in the Constituent of Hang Seng Corporate Sustainability Benchmark Index of Hang Seng Indexes.
Website: www.championreit.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Forward Fashion’s presents four large-scale arts and cultural projects for Art Macao 2023 with three art brands it operates

HONG KONG, Aug 18, 2023 – (ACN Newswire) – Forward Fashion (International) Holdings Company Limited ("Forward Fashion"; Stock Code: 2528), a creative integrated group with three synergistic business segments – fashion, art and lifestyle – presents four arts and cultural projects in collaboration with the three major integrated resort operators in Macau and the Group's multi-dimensional art space, Artelli, for the international art event "Art Macao 2023". Leveraging their extensive artistic resources and curatorial experience, the parties aim to provide a more diversified and rich arts and cultural experience for the market, and to establish new arts and cultural landmarks exclusive to the city. This year's "Art Macao" began on 28 July 2023 and will run until October 2023. During this period, the Group collaborates with over 14 international and local art units to create original art content for Macau. The lineup includes four renowned contemporary artists: Wang Bo, one of the top 100 young contemporary artists in China; Mr Doodle, an internationally renowned art master; Jason Naylor, a graffiti artist from New York; and Philip Colbert, a contemporary pop art master. They visit Macau for the first time, where they meet and engage local artists and the public. Visitors have the opportunity to learn more about the process, stories, and meanings behind the creations from the artists' perspectives, further fostering the development and popularisation of Macau's arts and culture.

Representatives from Liaison Office of the Central People's Government in the Macao SAR, the Macao SAR government, senior executives from Melco Resorts & Entertainment and Forward Fashion, and artist Wang Bo (first from left) joined together to kick off the exhibition at Artelli

Inside the Artelli multi-dimensional art space, the world premiere of Mr Doodle's first collaboration with Disney, the "Disney Art Collection by Mr Doodle" original artworks exhibition, is showcased, featuring 24 original artworks paying tribute to classic Disney scenes with a new creative twist.

"BE@RBRICK Garden" immersive experience

Representatives from the Macao SAR government, senior executives from Sands China Ltd. and Forward Fashion, artist Mr. Philip Colbert (first from left) and Mr. Jason Naylor (first from right) joined together to celebrate the opening of ASCE art hub in Macao

Mr. Patrick Fan, Founder and Chairman of the Board of Forward Fashion

Artelli Collateral Exhibition – "Form and Essence, Between Complexity and Simplicity" Solo Exhibition by WANG Bo, Young Chinese Avant-Garde Artist
"Form and Essence, Between Complexity and Simplicity" is the solo exhibition of the young Chinese avant-garde artist Wang Bo, and marks Artelli's inaugural exhibition featuring young Chinese artists. It is also Artelli's first participation in "Art Macao 2023", a major international arts and cultural event in the city, showcased in the form of a collateral exhibition. Beijing artist, Wang Bo, is among the 100 young Chinese artists selected by the Ministry of Culture for the cultural industry's key initiatives. At the event, he has chosen to exhibit his "A Book" series, which is inspired by the poems of his favourite Macau poet Yao Feng, thereby connecting his work to the city. Through the bold and vivid use of colors, he analyzes and appropriates everyday aesthetics, reconstructs Chinese landscapes, and translates classic Western patterns into his works. By combining historical iconography and spatial treatment, he presents a visual language with a new sensibility. On 4 August, Wang Bo participated in the opening ceremony and art talk in Macau.

First Macau exhibition by internationally renowned artist Mr Doodle
Artelli, in its capacity as a co-organizer and curator, has presented the "Mr Doodle – First Exhibition in Macao" with Melco Crown Entertainment. Mr Doodle's meticulously created artworks can be seen throughout City of Dreams and Artelli, including the iconic public art building "Doodle Showroom" on the Cotai Strip, which reinvents the look of The Showroom with its sleek lines and unique patterns; "Doodle Hall" is a breathtaking immersive exhibition at the main entrance of City of Dreams while "Doddle Love Wall" is a large-scale public interactive art installation that will be launched on China's Valentine's Day; "Doodle Cube" is a multimedia art installation at the Morpheus Hotel that blends a distinctive style of graffiti with a free-flowing architectural design.

At Artelli, visitors can witness the world debut of Mr Doodle's large-scale original exhibition, "Disney Art Collection by Mr Doodle", a highlight of his exhibition in Macau. On 12 September, Mr Doodle will make his first visit to Macau to showcase his creations, and visitors can look forward to a vibrant exhibition of contemporary art.

BE@RBRICK MACAU – World's First Immersive BE@RBRICK Art Exhibition
Organized by Galaxy Entertainment Group, co-organized by Forward Fashion and curated by BE@RBRICK MACAU, the World's First Immersive BE@RBRICK Art Exhibition has taken place at Galaxy MacauTM, establishing a new art landmark in the city. This event is the largest BE@RBRICK art exhibition ever held in Macau, combining technology and digital art to present a cultural fusion of trends and art, offering an innovative and diversified art exhibition for both tourists and residents.

The art exhibition is divided into several zones, starting with the limited edition BE@RBRICK MACAU 2023 and a series of two-meter-tall BE@RBRICK 3000% art installations unveiled at the Pearl Lobby, which incorporate AR elements to create an immersive interactive experience and bridge the gap between art and audience. The exhibition also boasts the world-first and tallest MY FIRST BE@RBRICK B@BY 10000% giant outdoor art installation towering over seven meters, displayed at the Outdoor Lawn near Diamond Lobby, which is set to become a must-see attraction in Macau. Over 50 exhibits from previous BE@RBRICK MACAU exhibitions will be showcased, along with immersive experience spaces such as "BE@RBRICK Garden" and "BE@RBRICK Infinity". Additionally, the world debut of BE@RBRICK digital art will be presented at GalaxyArt. Another highlight is the special edition BE@RBRICK, created by Macau artist MCZ_Thomas, has also been released to promote the cooperation of "International IP x Macau element x Macau artist", bringing local artists to the international stage. The opening ceremony has also extended to the "Power of Art – Contemporary Art & Fashion: A Driving Force of the Cultural Industry Development" art forum and exchanged in-depth thoughts among industry professionals.

Diversified and explorative art hub ASCE launches the first "Meet the Magic" exhibition since its opening to light up Macau's summer art scene
Internationally renowned artists Jason Naylor and Philip Colbert visit Macau for the first time
Organized by Sands China, co-organized by Forward Fashion, and curated by ASCE, "Meet the Magic: In Celebration of Disney 100 by Philip Colbert & Jason Naylor" exhibition invites two internationally renowned contemporary artists, Philip Colbert and Jason Naylor, to present a series of original artworks and giant installations. The exhibition showcases two five-meter-tall Mickey Mouse-inspired large-scale art installations in Le Jardin at Parisian Macao and the lagoon area of The Venetian Macao. This marks the first time that Philip Colbert and Jason Naylor have displayed their original works, including classic and world premieres, in Macau. Their vibrant art injects infinite colour into the summer and provides a richer cultural experience for both local residents and tourists. At the opening of the exhibition, New York graffiti artist Jason Naylor and contemporary pop art master Philip Colbert met the local young artists, media, and collectors and shared their creative experiences with them in Macau. The artists attracted a large number of fans and kicked off the summer of art together.

Mr. Patrick Fan, Founder and Chairman of the Board of Directors at Forward Fashion, said, "Forward Fashion and our art brands are honoured to participate in the international art event 'Art Macao', and to collaborate with a number of large-scale integrated resort operators as organizer, co-organizer and curator to create interesting and high-quality art content, bringing surprises to the market and art enthusiasts, and jointly creating new cultural and artistic landmarks for the city, so as to position Macau as a more attractive travel destination. As an art content provider, Artelli, a multi-dimensional art space of Forward Fashion, has rapidly established footholds in four major cities, namely Macau, Hong Kong, Taipei, and Shanghai, in six months, and organised more than five high-profile international art exhibitions. Looking ahead, Forward Fashion will continue to introduce more innovative, dynamic, and diverse international visual arts projects, which will further enhance the artistic and cultural atmosphere in Macau. Additionally, the Group aims to provide more exhibition platforms for local and international artists to exchange ideas and showcase their work."

Forward Fashion will constantly explore its unique business model that combines culture, art and commerce in the future in an effort to establish a sustainable art and culture business ecosystem where art, commerce, and tourism can work together. Through its original art brands Artelli and ASCE, Forward Fashion will collaborate with high-end brands, well-known IPs and artists, to introduce more exclusive and first-of-their-kind collaborative projects. This will include creating original art content and collectibles, as well as expanding the international market. The Group will also continue to innovate and explore the possibilities of Web3 digital art, bringing more refreshing art experiences to the market.

About Art Macao: Macao International Art Biennale 2023
"Art Macao" is an international art event organised by the Macao Special Administrative Region Government integrating resources from various sectors in the S.A.R., aimed at congregating global creative forces to produce a city-wide signature biennale event. Renowned curator Qiu Zhijie is the chief curator of "Art Macao: Macao International Art Biennale 2023", which has adopted the theme "The Statistics of Fortune" to reflect on the expectations and concerns caused by the development of science and technology and explore the clashes and interactions between science and religion. From summer to autumn, through eight sections -, namely, the Main Exhibition, Public Art Exhibition, City Pavilion, Special Exhibition, Invitational Exhibition by Local Artists, Local Curatorial Project, Art Exhibition of Higher Education Institutions and Collateral Exhibition, nearly 30 art exhibitions will be presented across the city, in a showcase of modern and contemporary masterpieces that are zestful and representative, by over 200 artists from more than 20 countries and regions, allowing visitors to experience the breadth and depth of art while at the same time embarking on a grand aesthetic journey. The objective is to raise to a new level the cultural and artistic atmosphere of Macao as a famous World Heritage city.
Website: https://www.artmacao.mo/2023/en

About Forward Fashion (International) Holdings Company Limited
Forward Fashion (International) Holdings Company Limited is an integrated group with three synergistic business segments – fashion, art and lifestyle – and a commitment to creating an innovative retail business model. With a track record of managing over 100 brands, the Group has helped many brands to establish their first presence in Greater China. In recent years, the Group has actively enhanced its operations and developed its own brands, such as Artelli, ASCE, UMJ, WF Fashion, to further enrich its brand portfolio. Leveraging its extensive retail experience and IP resources, the Group has spearheaded exclusive collaborations with brands and cultural and art communities to expand into the international market.

Mr. Fan Wing Ting, Patrick, is the founder, chairman and executive director of Forward Fashion Holdings. In 2005, he founded the first company of the Group in Hong Kong focusing on fashion apparel retail in Greater China. Following the Group's 2020 listing on the Main Board of The Stock Exchange of Hong Kong Limited, Forward Fashion has embarked on eCommerce platforms and introduced international fashion and artistic brands and visionary international art projects to Greater China. The Group aims to cater to the preferences and needs of local youths and promotes business diversification.

About Artelli
Artelli is the pioneering multi-dimensional space for contemporary art, lifestyle aesthetics, digital and techno art, art communities, and brand collaborations. The space stands as a new and unprecedented international landmark for art and culture.

Artelli will ultimately join forces with over a hundred internationally renowned artists and brand designers to co-create exclusive art projects and debut collections. With a dedicated focus on Web 3.0 digital art and metaverse, Artelli pioneers the exploration of new artistic dimensions. Guided by a strong commitment to become a multi-dimensional art space that fosters collaborations within the art and culture communities, Artelli's visionary path unfolds through the fusion of art, technology, and the dynamic commercial sector.

Artelli has successfully organized more than five highly anticipated art exhibitions, featuring international artists in prime locations spanning Macau, Hong Kong, Taipei, and Shanghai. In the future, Artelli envisions expanding its brand to attain international prominence as the landmark for art and culture. With aspirations reaching Tokyo, Seoul, Singapore, New York, London, and Paris, Artelli is set to leave a vivid mark on the global stage over the next five years.

About ASCE
A playful creativity hub for visionary breakthroughs of internationally acclaimed characters. ASCE serves as a diverse and explorative art hub where collectors gather for social exchange and discover the fabric of everyday life.

ASCE embraces the ethos of playfulness, everyday lifestyle, and personalization, uncovering collaborations with internationally renowned artists and brand designers to create seasonal character projects. ASCE blends fashion, art, design, and technology to build a diverse hub for lifestyle art experiences and boundary-breaking creative exchanges. Strengthening bonds with creative communities, ASCE will be hosting a range of exceptional events, establishing an exploration hub for art, culture, and lifestyle enthusiasts to connect and exchange ideas.

ASCE aims to achieve new milestones in art + commerce in the Greater Bay Area and targets to expand its footprint worldwide in mainland China, and to Tokyo, Seoul, New York, London and Paris.

Media Enquiry
Strategic Financial Relations Limited
Mandy Go Tel: +852 2864 4812
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sprg_forwardfashion@sprg.com.hk

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