DynaResource Announces Offtake Extension, Credit Line Expansion and Private Placement

IRVING, TEXAS, June 8, 2024 – (ACN Newswire) – DYNR-DynaResource, Inc. (OTCQX:DYNR) (“DynaResource”, or “the Company”) is pleased to report the following update regarding the Company and its 100%-owned San Jose de Gracia high grade gold project in Sinaloa, México (“SJG”). All figures in United States Dollars (“USD”).

Ocean Partners UK Limited (“Ocean Partners”), through its 100% owned subsidiary in Mexico – MK Metals Trading Mexico S.A. de CV (“MK”), and the Company have formalized the extension of their commercial offtake agreement through December 31, 2028, and with revision of terms as per below:
- Ocean Partners agreed to provide a Temporary Additional Credit Line (“TACL”) of $4M, payable November 30, 2024;
- Ocean Partners agreed to increase the Revolving Credit Line (“RCL) from $10M to $12.5M after November 30, 2024 and following the repayment of the TACL and RCL;
- Ocean Partners to provide the Company a Put Option to convert up to $9M of the Revolving Credit Line into Common Stock at a price expected to be approximately $1.61 per share, exercisable between November 1 and 30, 2024.
The Company has agreed to issue 1,552,795 shares of Common Stock to Golden Post Rail LLC (“Golden Post”) in exchange for $2.5M USD. The Company plans to utilize the funds received from Ocean Partners and Golden Post to further expand and increase mining and milling activities at SJG, to expand the tailings storage facility, to continue exploration drilling and related exploration activities, and for general corporate purposes.

“We are pleased to receive this strong level of support from key stakeholders being Ocean Partners, our offtake partner, and Golden Post, our largest shareholder,” stated Rohan Hazelton, President & CEO DynaResource. “These funds are an endorsement of our business plans to optimize operations and increase shareholder value.”

On behalf of Ocean Partners, Brent Omland, co-CEO of Ocean Partners commented: “We are very pleased to expand our strong relationship with DynaResource and are excited to be a part of the continuing development and expansion of the world class SJG Project.”

On behalf of the Board of Directors of DynaResource, Inc.
Rohan Hazelton
President & Chief Executive Officer

About DynaResource

DynaResource is a junior gold mining producer trading on the OTCQX under the symbol “DYNR”. DynaResource is actively mining and expanding the historic San Jose de Gracia gold mining district in Sinaloa, Mexico.

IMPORTANT CAUTIONARY NOTE REGARDING CANADIAN DISCLOSURE STANDARDS

The Company is an “OTC Reporting Issuer” as that term is defined in Multilateral Instrument 51-509, Issuers Quoted in the U.S. Over-the-Counter Markets, promulgated by various Canadian Provincial Securities Commissions. Accordingly, certain disclosure in this news release or other disclosure provided by the Company has been prepared in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of United States securities laws. In Canada, an issuer is required to provide technical information with respect to PL 4332389.2 mineralization, including reserves and resources, if any, on its mineral exploration properties in accordance with Canadian requirements, which differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”) applicable to registration statements and reports filed by United States companies pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. As such, information contained in this news release or other disclosure provided by the Company concerning descriptions of mineralization under Canadian standards may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the SEC and not subject to Canadian securities legislation. This news release or other disclosure provided by the Company may use the terms “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources”. While these terms are recognized and required by Canadian regulations (under National Instrument 43-101, Standards of Disclosure for Mineral Projects), the SEC does not recognize them. United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted to reserves. In addition, “inferred mineral resources” have a great amount of uncertainty as to their existence and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities legislation, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, although they may form, in certain circumstances, the basis of a “preliminary economic assessment” as that term is defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. U.S. investors are cautioned not to assume that part or all of an inferred mineral resource exists, or is economically or legally mineable.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements within the meaning of Section 27 A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain information contained in this news release, including any information relating to future financial or operating performance may be deemed “forward-looking”. All statements in this news release, other than statements of historical fact, that address events or developments that DynaResource expects to occur, are “forward-looking information”. These statements relate to future events or future performance and reflect the Company’s expectations regarding the future growth, results of operations, business prospects and opportunities of DynaResource. These forward-looking statements reflect the Company’s current internal projections, expectations or beliefs PL 4332389.2 and are based on information currently available to DynaResource. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Certain assumptions have been made regarding the Company’s plans at the San Jose de Gràcia property. Many of these assumptions are based on factors and events that are not within the control of DynaResource and there is no assurance they will prove to be correct. Such factors include, without limitation: capital requirements, fluctuations in the international currency markets and in the rates of exchange of the currencies of the United States and México; price volatility in the spot and forward markets for commodities; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local governments in any country which DynaResource currently or may in the future carry on business; taxation; controls; regulations and political or economic developments in the countries in which DynaResource does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits, diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; changes in project parameters as plans continue to be refined; accidents; labor disputes; defective title to mineral claims or property or contests over claims to mineral properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance, to cover these risks) as well as those risks referenced in the Annual Report for DynaResource available at http://www.sec.gov. Forward-looking information is not a guarantee of future performance and actual results, and future events could differ materially from those discussed in the forward-looking information. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Although DynaResource believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. DynaResource expressly disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, events or otherwise.

For Information on DynaUSA and DynaMéxico, please visit www.dynaresource.com, or contact:

Brad J. Saulter, DynaUSA V.P. – Investor Relations: 972-996-7417;
General Inquiries: 972-869-9400
Rohan Hazelton, DynaUSA – President & CEO

Contact Information
Brad J. Saulter
DynaUSA V.P. – Investor Relations
972-869-9400

SOURCE: DynaResource, Inc.

Rimag is Officially Listed on the Hong Kong Stock Exchange, Becoming the “First Listed Medical Imaging Service Company in China”

HONG KONG, June 7, 2024 – (ACN Newswire) – Jiangxi Rimag Group Co., Ltd. (“Rimag” or the “Company”, together with its subsidiaries, the “Group”, stock code: 2522.HK), a leading medical group specialized in medical imaging in China, was officially listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) at 9:00 a.m. today.

The Global Offering involves a total of 17,816,000 Shares (assuming the over-allotment option is not exercised) at a final Offer Price of HK$14.98 per Offer Share. The net proceeds from the Global Offering, after deducting underwriting fees and expenses paid and payable in connection with the Global Offering, are estimated to be approximately HK$183.48 million. The Hong Kong Public Offering was oversubscribed, with valid applications received for approximately 336.33 times the total number of Offer Shares initially available for subscription, and the International Offering was also oversubscribed by approximately 1.24 times. The final number of Offer Shares under the Hong Kong Public Offering and the International Offering were 8,908,000 and 8,908,000 respectively, each representing approximately 50% and 50% of the total number of Offer Shares available for subscription under the Global Offering.

Rimag is a leading medical group specialized in medical imaging in China. In 2023, Rimag ranked first among all PRC third-party medical imaging center operators in terms of the number of medical imaging centers in the network, number of units of equipment, number of registrations by practicing radiologists who are registered with Rimag as the primary workplace, average daily screening volume and fees paid by patients; and in terms of revenue generated from imaging center services in 2023, Rimag ranked second among all PRC third-party medical imaging center operators, according to Frost & Sullivan.

According to the same source, the PRC third-party medical imaging center market is a fast-growing segment whose market size grew at a CAGR of 29.0% from 2018 to 2023 and is expected to grow with a CAGR of 33.5% from 2023 to 2026. Against this backdrop, Rimag has seized the opportunity of the booming medical imaging market to become the only operator and manager of a medical imaging platform that provides diversified imaging services and value to the entire medical imaging industry chain in China. Rimag has created integrated one-stop business network centered around the three core businesses of imaging center services, imaging solution services and Rimag Cloud services to meet the growing demand for medical imaging services of medical institutions and individuals.

Rimag proposes the innovative concept of “clinically targeted imaging services” and utilizes efficient and standardized development and operational management systems to enable rapid business expansion. The Company strives to establish and operate a medical imaging center network and explore service models under the hierarchical diagnosis and treatment system in China with the aim to promote the extension of quality medical resources to the primary healthcare system and balance the distribution of such resources in line with aforementioned favorable policies and industry trends since its inception. Covering 17 provinces, autonomous regions and municipalities and spanning first- and second-tier cities to 59 county-level divisions, Rimag’s comprehensive medical imaging center network consists of 97 imaging centers, including 9 flagship imaging centers, 24 regional collaborative imaging centers, 50 specialized medical consortium imaging centers and 14 operational management imaging centers as of December 31, 2023.

Having been founded for almost 10 years, Rimag has accumulated a wealth of experience in medical imaging services, successfully established a comprehensive imaging center development system and secured a leading position in the industry. In the future, Rimag is further expected to expand its medical imaging center network and enrich the offerings of imaging solution services, continually invest in R&D, strengthen the capabilities of Rimag Imaging Academy, and enhance strategic cooperation with industry upstream and downstream stakeholders to establish a dominant medical imaging solution service platform. By doing so, the Company expects to be able to provide patients and healthcare consumers with a better medical imaging experience, enable clinicians to obtain more accurate diagnostic imaging results, and allow radiologists to realize greater professional value through Rimag’s platform.

About Jiangxi Rimag Group Co., Ltd.

Jiangxi Rimag Group Co., Ltd. (“Rimag” or the “Company”, together with its subsidiaries, the “Group”, stock code: 2522.HK), a leading medical group specialized in medical imaging in China, mainly generates revenue from the three core businesses of imaging center services, imaging solution services and Rimag Cloud services. In 2023, the Company ranked first among all PRC third-party medical imaging center operators in terms of the number of medical imaging centers in the network, number of units of equipment, number of registrations by practicing radiologists who are registered with the Company as the primary workplace, average daily screening volume and fees paid by patients; and in terms of revenue generated from imaging center services in 2023, the Company ranked second among all PRC third-party medical imaging center operators in China, according to Frost & Sullivan.

This press release is issued by Porda Havas International Finance Communications Group for and on behalf of Rimag. For further information, please contact: Porda Havas International Finance Communications Group.

Bunny Lee	+852 3150 6707	bunny.lee@h-advisors.global
Jasmine Chen	+852 3150 6713	jasmine.chen@h-advisors.global
Erica Wu	+852 3150 6767	erica.wu@h-advisors.global

Go Hub Capital Berhad Inks Underwriting Agreement with UOB Kay Hian Securities

KUALA LUMPUR, June 7, 2024 – (ACN Newswire) – Go Hub Capital Berhad (“Go Hub” or the “Company”), a key transportation information technology (IT) solutions provider, is pleased to announce that it has entered into an underwriting agreement with UOB Kay Hian Securities (M) Sdn Bhd (“UOBKH”) in preparation for its Initial Public Offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).

From left: Mr. Tan Cherng Thong, Executive Director and CEO of Go Hub, Mr. David Lim, Chief Executive Officer of UOB Kay Hian Securities (M) Sdn Bhd

Go Hub’s listing exercise involves the public issue of 107,180,000 new ordinary shares. The IPO shares will be allocated in the following manner:

Malaysian public

20,000,000 IPO shares made available for application by the Malaysian public.

Eligible persons

12,000,000 IPO shares reserved for application by eligible directors and employees as well as persons who have contributed to the success of the Group.

Private placement to selected investors

75,180,000 IPO shares made available by way of private placement to identified institutional and/or selected investors.

UOBKH will underwrite 32,000,000 IPO shares made available to the Malaysian public and eligible persons as part of the underwriting agreement. This IPO does not involve an offer for sale and placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry as the operating company, NSS has MSC Malaysia Status (now known as Malaysia Digital Status).

Mr. Tan Cherng Thong, Executive Director and CEO of Go Hub said, “We are gearing up to expand our technological footprint and solution offerings within the transportation sector, and this IPO is a strategic step in that direction. We are excited to collaborate with UOB Kay Hian to facilitate our listing on the ACE Market. The IPO proceeds raised will be primarily fuel our business expansion plans, which includes the expansion of our technical capabilities and workforce. Our aim is to expand our IT solutions for transportation industry, enhancing customer engagement through digital transformation, and exploring new opportunities in adjacent markets.”

Chief Executive Officer of UOB Kay Hian Securities (M) Sdn Bhd, Mr. David Lim commented, “We are enthusiastic to collaborate with Go Hub on its listing exercise. Go Hub’s strong performance, driven by its innovative and comprehensive IT solutions in transportation industry, presents a compelling investment opportunity. We look forward to supporting Go Hub’s journey as it transitions into a publicly listed company.”

As an established provider of specialised IT services in the transportation industry, Go Hub has consistently demonstrated strong commitment towards innovation and excellence. The Group’s strategic initiatives and technological advancements have solidified its position as a key player in transforming Malaysia’s transportation landscape.

Go Hub Capital Berhad http://gohubcapital.com.my

Fosun’s Global Operational Prowess Forged through Years of Dedication in HAL

HONG KONG, June 7, 2024 – (ACN Newswire) – On 28 May, Fosun International issued an announcement on the Hong Kong Stock Exchange announcing the sale of 99.743% of its subsidiary’s shares in the German private bank, Hauck Aufhäuser Lampe Privatbank AG (HAL), to ABN AMRO Bank for a total consideration of approximately EUR670.3 million. Upon the completion of this transaction, Fosun International will no longer hold shares in HAL, but will fully retain the shares of Hauck & Aufhäuser Fund Services S.A. (HAFS) held by HAL, i.e. retain HAL’s asset servicing business.

A company’s business operations are typically comprised two elements: strategic planning capabilities and tactical execution capabilities. The former determines the direction, while the latter affects its development.

Fosun’s decision in selling HAL stems from its foresight in the globalization era. Additionally, Fosun’s robust global operational capabilities enable it to help subsidiaries optimize their asset portfolios and cultivate high-quality assets to unlock value.

Let’s take a closer look at how Fosun had deeply tapped into the value of this German private bank, how Fosun had empowered HAL to create a win-win situation, and how HAL had aligned with Fosun’s evolving globalization strategy.

Fosun’s globalization 1.0 – Beginning: “Combining China’s Growth Momentum with Global Resources”

The globalization journey of Fosun started with its listing in 2007, when globalization was on the rise and Chinese companies were eager to go global and invest overseas.

To advance its globalization strategy, Fosun proposed “Combining China’s Growth Momentum with Global Resources”, helping Chinese companies go global while also assisting overseas companies to benefit from China’s rapid growth.

In 2016, Fosun acquired H&A (renamed HAL in 2021). Guo Guangchang, Chairman of Fosun International stated at the time that “The bank aligns with our long-term value investment philosophy and provides us with better access to Europe’s leading economies. We believe through this cooperation, we can not only serve the local German population, but also help H&A expand its reach to more Chinese corporate and individual clients and meet their overseas financial needs. This is also a manifestation of Fosun’s globalization strategy of ‘Combining China’s Growth Momentum with Global Resources’.”

The then-Chairman of H&A Supervisory Board and Shareholder Committee, Wolfgang Deml, said, “The majority of shareholders chose Fosun, an investor with strength and long-term vision, which will allow H&A to maintain its traditions and culture while gaining a fresh international perspective. Fosun’s global network and deep understanding of the financial industry will help us grow our business and acquire new clients.”

In fact, the acquisition of H&A was not only another practical implementation of Fosun’s globalization strategy of “Combining China’s Growth Momentum with Global Resources”, but also an important step for Fosun to firmly establish a presence in the high-end wealth management market.

Data shows that when Fosun acquired H&A, H&A had a total of approximately EUR43.0 billion in assets under administration (including EUR8.0 billion in assets under management (AUM) and EUR35.0 billion in assets under custody (AUC)), and a net profit of EUR5.20 million in 2014.

Fosun’s globalization 2.0 – Deepening: “Mutual Empowerment between China and the World”, empowering H&A’s M&A integration and geographic expansion

After acquiring H&A, Fosun’s globalization journey entered a 2.0 phase. The core issues were how to further increase scale through M&A, achieve effective integration, leverage scale to drive organic growth, thereby allowing H&A to fully harness the advantages of Fosun’s globalization strategy, accelerate business upgrades and transformation.

In retrospect, Fosun’s in-depth operational management, as well as its support for HAL to continuously pursue M&A integration, have been extremely successful in terms of mutually empowering HAL’s business development, globalization journey, and other aspects. In 2023, HAL’s revenue amounted to EUR435 million; net profit was RMB83 million; assets under administration reached EUR265.213 billion, ranking among the top 10 private banks in Germany.

Guo Guangchang said, “A successful investment must be followed by successful integration in order to realize the target investment value.” Therefore, after the integration of H&A, Fosun began to increase its business scale, expand its business presence, and deploy new technologies and new fields through investment and M&As, so as to enhance its organic growth momentum.

It is understood that HAL’s acquisition of Sal Oppenheim, Deutsche Bank’s Luxembourg-based asset custodian platform, in 2017 accelerated the development of its asset custodian business. The acquisition added over EUR20.0 billion in AUC to its existing AUC of more than EUR40.0 billion and enhanced HAL’s brand recognition and market influence, which in turn reinforced its organic growth. In the six years since the acquisition and integration, the organic growth had developed at an annualized rate of approximately 30%. By 2023, the scale of AUC exceeded EUR200.0 billion, placing HAL among the top three asset servicing business providers in Luxembourg.

In terms of geographic expansion, HAL acquired Ireland’s CCM asset servicing platform in 2019 to enter the English-speaking market and kick off its internationalization strategy. At the same time, as the Chinese wealth market rose rapidly, Fosun brought HAL, a high-quality overseas brand and its products to China, helping it develop the Chinese market and leveraging China’s rapid growth to drive its global business. Fosun supported HAL to successively establish branches in Nanjing and Shanghai, fully launching its China business.

In 2021, Fosun empowered H&A to achieve a qualitative leap in its M&A history. Fosun supported H&A in acquiring the leading German private bank Bankhaus Lampe KG, and after the merger, it was renamed HAL. After the integration, the scale effect initially emerged. This acquisition drove HAL’s wealth management business’ assets under management to exceed EUR17.0 billion, making it one of the top 10 private banks in Germany. Michael Bentlage, CEO of HAL also mentioned in a media interview that “this merger is a ‘real success’ for the company, as before acquiring Bankhaus Lampe, we ranked 20th in the German market.”

Overall, after the M&A integration, HAL’s revenue and market ranking have enhanced significantly. For private banking, asset management, and custodian businesses, a larger scale and higher ranking make it easier for the bank to qualify the white list of more customers, helping with organic client acquisition. Furthermore, after the M&A integration, HAL can achieve scale effects in IT, risk control, compliance, and other operational projects, reducing its operating costs, optimizing the cost-income ratio, and enhancing its profitability. The German media DER PLATOW Brief reported that HAL’s cost-income ratio decreased to 71.6% in 2023 (from 76% the previous year), and the 70% target is now within reach, despite significant investments in technology and new employees.

Market analysts pointed out that the H&A’s series of acquisitions demonstrated Fosun’s continued upgrades to its global financial footprint, further validating its globalization capabilities and M&A investment and integration capabilities.

Fosun’s Globalization 3.0 – Evolution: “Profound Global Operations”, empowering HAL’s organizational optimization and further enhancing innovation capabilities

Since 2022, Fosun has continued to evolve its globalization strategy – the “Combining Global Growth Momentum with Global Resources, Global Organization + Local Operations” model has been maturing, actively empowering its subsidiaries in business integration, product innovation, and ecosystem collaboration worldwide.

Fosun’s globalization journey has maintained steady development over the years. This is not only rooted in its incremental and far-sighted industrial development philosophy, but also underpinned by its philosophy of openness, mutual trust, win-win collaboration, strict compliance with local laws and regulations and respect for local culture.

“Talent” is Fosun’s most important and valuable asset. Therefore, an open, fair, and incentive-based talent employment philosophy also serves as the foundation of Fosun’s global operations. Fosun has also extended this global operational philosophy to HAL, empowering HAL’s systematic organizational reform through three dimensions: organizational structure, talent development, and corporate policy.

In terms of top-level organizational structure, Fosun had continuously gave suggestions to optimize the bank’s management structure, attached importance to internal talent cultivation and advised to promote two young executives into the core management team. In terms of incentive system guarantees, Fosun had provided comprehensive incentives to the management and core employees through options and virtual equity. In terms of globalization management, Fosun had assisted HAL in implementing a global rotation mechanism among Fosun’s financial companies worldwide, providing employees with a broader perspective. Based on the aforementioned support from Fosun and HAL’s mature talent management mechanism, HAL was named the Best Employer in Germany for consecutive years.

It is worth mentioning that the HAL management team fully recognized Fosun International’s globalization strategy. According to a mainstream German financial media Borsen Zeitung, the relationship between HAL and Fosun was constructive and characterized by trust. Fosun showed staying power as an investor and apparently understood HAL’s business best.

In addition to organizational optimization, Fosun is firmly committed to technology innovation as its core driver to achieve stable revenue and profit growth. HAL’s digital transformation is also progressing, with its online platform Zeedin winning the “Best Robo Advisory” award in Germany for consecutive years. In terms of innovative business, HAL acquired the digital currency custodian service provider Kapilendo in 2022, thus obtaining the subsequent digital custodian license issued by BAFIN and an initial business team, becoming one of the first banks in Germany with this license, and subsequently launching a comprehensive digital asset business line and digital asset management products.

Orderly investment and divestment creates a win-win situation

In addition to spending eight years meticulously cultivating and strengthening HAL to unlock its growth potential, Fosun also found the most suitable buyer, ABN AMRO Bank, to take HAL’s business to new heights. ABN AMRO Bank expects after deduction of one-off and integration costs, around EUR60 million of pre-tax run-rate cost synergies are expected to be achieved. The management of ABN AMRO Bank said at the announcement of the M&A that “This will not only generate cost synergies, but also bring mutual growth in the coming years.”

Upon the completion of this transaction, Fosun will fully retain the shares of HAFS held by HAL, i.e. retain HAL’s asset servicing business. HAL’s asset servicing business holds around EUR200 billion in assets under administration and is expected to consistently generate tens of millions of euros in annual profits, which aligns with Fosun’s objective of achieving long-term stable profits through asset-light operations, economies of scale, and ecosystem synergies. In addition, HAL’s asset servicing business can forge synergies with Fosun’s insurance, asset management and other financial businesses in Europe. In the future, Fosun will continue to invest in and maintain a close watch on the market opportunities for this business segment.

Furthermore, HAL will be able to unlock more value. Through the integration with ABN AMRO Bank, HAL can allocate more resources on the development of its banking business, thereby achieving a win-win-win situation.

Fosun, which is rooted in China and developing globally, has persistently upheld innovation and globalization as its two core growth drivers. It is one of the few domestic companies that is equipped with global operations and investment capabilities, and accumulated profound technology and innovation capabilities. As a representative of Chinese enterprises going global, Fosun has taken a unique path of industrial development through cross-border investment and M&As in its early globalization journey. From identifying excellent targets to bidding, operations, and eventual divestment, Fosun has encountered challenges in each step that needs its strategic foresight and excellent execution capabilities to stay ahead of the curve.

Fosun has combined its investment, operations and divestment strategies with its globalization strategy of “Combing China’s Growth Momentum with Global Resources – Mutual Empowerment Between China and the World – Profound Global Operations – Focusing on Innovation and Globalization” to realize a win-win situation for global and local operations, demonstrate its robust capabilities in empowering member companies and create win-win outcomes for all parties.

TACACS.net Releases 4.x TACACS+ Software: Simplifying Network Device Administration

TACACS.net, a leader in network security software solutions, has announced the release of its Advanced 4.x TACACS+ Software, which includes new feature enhancements. Designed to increase security, simplify management, and reduce costs for organizations, the Advanced software offers centralized management for network devices and comes with a perpetual license included with the purchase of one, three, or five years of support.

Flexible Deployment Options

TACACS.net software can be deployed on-premises, as a virtual machine (VM), or in the cloud, providing flexibility and ease of use for organizations of all sizes. The software ensures secure, centralized control over network devices, incorporating multi-factor authentication (MFA) for enhanced security.

Perpetual Licensing and Comprehensive Support

With the purchase of support, customers receive perpetual licenses, ensuring long-term value and cost savings. This innovative licensing model underscores TACACS.net’s commitment to delivering high-quality, cost-effective solutions to its customers. Additionally, TACACS.net offers both standard hours and priority 24x7x365 comprehensive technical support from its team of engineers.

Key Features of TACACS.net Advanced 4.x TACACS+ Software:

Centralized Management: Simplifies network device management, reducing administrative overhead and incorporating multi-factor authentication (MFA).
Perpetual Licensing: Perpetual licenses are included with the purchase of support, providing long-term value.
Flexible Deployment: Easily deploy on-premises, as a VM, or in the Cloud.
Replication: Includes replication, which enables administrators to set up one server and push out configuration changes to multiple replicas.

Evaluations Available

Administrators interested in the benefits of the Advanced software can request a free evaluation to experience its ease of use, features, and functionality firsthand.

About TACACS.net

For more than a decade, TACACS.net has been a leading provider of network security software, specializing in TACACS+ solutions. Our mission is to help organizations secure their network infrastructure while reducing both costs and complexity. With our Advanced software solution, we strive to deliver unparalleled value and support to our customers.

For more details or to request a quote, visit our website or contact the TACACS.net Sales Team at sales@tacacs.net | www.tacacs.net

SOURCE: TACACS.net

U.S. Polo Assn. Hosts Firenze Polo Tribute at Santa Croce Square, Florence To Celebrate Pitti Immagine Uomo 106th Edition

WEST PALM BEACH, FL & FLORENCE, ITALY, June 6, 2024 – (ACN Newswire) – U.S. Polo Assn., the official brand of the United States Polo Association (USPA), presents its timeless, sporty Spring-Summer Collection 2025 from June 11-14 at Pitti Immagine Uomo 106th Edition at the historic Fortezza da Basso in Florence.

The Pitti Immagine show this June will be full of excitement and awash with a wave of energy. “Pitti Lemon” has been chosen as the theme for both the advertising campaign and the displays at the Fortezza, bringing to life all that is summery, sunny, and refreshing, very much like the U.S. Polo Assn. SS25 Collection.

THE EVENT

On Wednesday, June 12, U.S. Polo Assn. will be presenting a historic Firenze Polo Tribute at Santa Croce Square, a friendly but competitive arena-style match between the Italian and French National Teams. This is the very first time that a polo game will be played in the ancient square, supported by the Italian and French Federations, the Federation of International Polo (FIP) as well as the Municipality of Florence.

The momentous polo game will be preceded by the Calcio Storico Legends Match, which celebrates Florentine Tradition. The Calcio Storico Fiorentino is a combination of soccer, rugby, and wrestling that originated in 16th-century Florence and is played today in authentic costume in the Piazza Santa Croce, located directly in front of the Santa Croce church. A spectacular Florentine parade through Piazza della Signoria to the playing field will open the event. Once arriving at the Piazza Santa Croce, a significant ceremony will follow where the Magnifico Messere will be appointed. The evening will conclude with a private cocktail party following the games at Fondazione Zeffirelli headquarters in Piazza San Firenze.

The parade, the Calcio Storico Legends Match, and the Firenze Polo Tribute are open to the public.

U.S. Polo Assn. will outfit the polo players, kickers, and flag wavers with U.S. Polo Assn. polo shirts for the parade. Custom U.S. Polo Assn. performance team jerseys will be designed for both the Italian and French National Teams. Additionally, custom “Firenze Polo Tribute 2024” caps will also be given out to the thousands of sports fans who will attend.

THE PITTI SHOW

Join U.S. Polo Assn. from June 11-14 at Booth 32 Cavaniglia, where the multi-billion-dollar sports brand will showcase its Spring-Summer Collection 2025, celebrating the brand’s heritage in the sport of polo since 1890. See the collection in an immersive digital setting that brings to life the spirit of the Collection, which includes classic, sport-inspired apparel, shoes, bags, and accessories.

Media will be invited for meet and greets Wednesday, June 12 beginning at 10:30 a.m. Representing U.S. Polo Assn. will be J. Michael Prince, the President and CEO of USPA Global, the company that manages and oversees the $2.4 billion U.S. Polo Assn. brand across 190 countries, and Incom CEO Lorenzo Nencini. Incom is U.S. Polo Assn.’s Italian Apparel Licensee.

Prince, who will be receiving the Magnifico Messere recognition at the June 12 Santa Croce Procession, said, “It’s an incredible honor to be receiving the Magnifico Messere by the Florentines, and something I will cherish forever. I have always loved Florence and now my bond with this very special city only deepens.”

“I am delighted to again be here in Florence representing U.S. Polo Assn. at the greatest industry trade show in the world with my outstanding partners Incom, Bonis, EastLab, and EuroTrade, who bring the very best of what our global brand has to offer to Europe,” added Prince. “U.S. Polo Assn. is proud to be hosting the historic Firenze Polo Tribute at Santa Croce in partnership with the City of Florence, the Italian and French Federations, and the historic Calcio Storico di Firenze. This Pitti week event is not to be missed.”

Florentine by birth, Lorenzo Nencini joined the family company, Incom, based in Montecatini Terme, in his early twenties. When Incom and U.S. Polo Assn. entered their licensing arrangement at the end of 2007, Nencini, as CEO, became responsible for the partnership that has helped both Incom and U.S. Polo Assn. become a great success story in Western Europe. Nencini served on the Pitti Immagine Board of Directors in 2023.

“We have managed to do something very unique, because polo, like Calcio Fiorentino, has ancient roots and similarities. Being able to bring these two sports together here in Florence is something extraordinary, thanks to Calcio Storico and the city of Florence,” said Nencini. “During the time of Pitti Uomo, the FISE, FFS and U.S. Polo Assn. are now guests of one of the most beautiful squares in the world, Santa Croce. While polo is played in prestigious locations, never in such an important historic city center like Florence. Both games will be spectacular events to watch.”

“I’d like to thank everyone involved. All this was possible due to the shared vision of the many people who wanted this event to be a reality,” he added.

Alongside Prince and Nencini, U.S. Polo Assn. licensees in Italy are Augusto Bonetto representing Bonis, Andrea Zini representing EastLab, and Franco Zuccon representing EuroTrade, who will all be present to proudly show their respective products and speak with partners, vendors, and other brand representatives.

On the sport side, guests include Stefano Giansanti, Captain of the Italian Polo Team, and Alessandro Giachetti, Member of the Federation of Italian Sports Equestrian (FISE) Polo. Also, Michele Pierguidi, President of Calcio Storico di Firenze, Gianluca Lapi, an icon of Florentine Calcio Storico, and players Dario Bordoni (Rossi), Arno Di Puccio (Bianchi), Antonio Marcelli (Azzurri), and Francesco Manzella (Verdi), heroes of the marketing campaign created for the event. Representatives of the Municipality of Florence will also be on hand.

THE COLLECTIONS:

U.S. Polo Assn. Men’s and Women’s SS25 Collection of apparel, presented by Incom, highlights timeless Spring and Summer styles, in a sophisticated neutral color palette. Washed red, white, and blue colors with denim tones give a fresh new look to the classic Americana style that is U.S. Polo Assn. Pops of color enhance the bright, summer mood of this amazing Collection. SS25 presents Premium, Tailored, and Heritage capsules.

The Premium capsule features jackets, trousers, and overshirts to be worn mixed with light knitwear and polo shirts in light crepe cotton, Supima cotton, and hemp jersey, which is then mineral garment dyed with vegetable dyes. Tailored represents artfully crafted apparel for Spring and Summer, such as cotton-linen mélange jackets with a comfortable fit for a more modern look. Dresses are created in soft silhouettes and blazers, trousers, and shorts in linen fabric makeup suits for daywear. Complete the look with lightweight shirts available in all the season’s freshest colors. Finally, the Heritage capsule, inspired by the sport of polo, showcases the soul of the U.S. Polo Assn. brand with natural and bright tones to wear in the height of summer. Crochet details, stripes, and signature prints along with beautiful beading, and hand-embroidered logos adorn this capsule.

The U.S. Polo Assn. Footwear Collection for SS25 is presented by Bonis. The mood of this collection reflects the brand’s iconic, dynamic, and modern spirit. Drawing inspiration from the sport of polo and American tradition, while keeping an eye on contemporary trends, U.S. Polo Assn. presents four footwear trends. The legacy of retro sneakers is updated through an urban and sophisticated spirit in the “Inside Out” style, a contemporary shoe available in varieties of colors and materials. Innovative designs and functional details distinguish “Rubber Lifestyle,” a fashion trend that is sporty and stylish and a must-have for the busy lifestyle. “Summer Weavings” offers timeless elegance for the summer season through braided sandals and rope wedges with Mediterranean inspiration. Moccasins and sandals in leather, cotton, and denim take center stage in “Indie Taste,” a fashion trend that brings forth the bohemian spirit while retaining the signature U.S. Polo Assn. style.

U.S. Polo Assn. Men’s and Women’s Handbags for SS25 are presented by Eastlab and are synonymous with sporting elegance and timeless style. The new collection promises to captivate with its supreme totes and handbags, adorned with the classic double-horseman logo for an elegant finish. From formal to the beach, there are new and exciting styles for women and men. The Women’s Collection is enriched with casual and versatile bags with modern shapes and fine textures such as jacquard and leather, as well as convertible straps. A sporty attitude with a classic distinction describes the Men’s Collection. From casual to business, bags, and weekenders, there is a great mix of functionality and style. New to almost all backpack models will be the introduction of a practical water bottle pocket, supporting greater ecological awareness through the limited use of plastic. The Collection is proud to introduce exclusive Special Edition bags celebrating 135 years of U.S. Polo Assn. in three classic and iconic palettes of red, white, and blue.

U.S. Polo Assn. Watch & Jewelry SS25 Collection by EuroTrade is known for its sport-inspired, classic style that respects the brand’s history while always paying close attention to the themes of quality, sport, and authenticity. The new SS25 Watch Collection brings the softest leathers, classic shapes, and precious details like the velvet strap of the new Argo model and the colored baguette stones of Giselle. The new SS25 Jewelry collection offers a more vibrant and modern assortment with a wide variety of styles, like the bright colors of our new enamel collection Erin and Meghan, from timeless blue tones to pops of lime, fuchsia, and champagne. This Pitti, Eurotrade presents the “USPA Watch Collection Case”; this attractive and original showcase tool has been developed for the USPA apparel stores with the goal to give the customer a full view and U.S. Polo Assn. experience. The case can host from eight to 14 watches secured with a smart anti-theft device that allows the customer to try and touch the watches in-store.

About U.S. Polo Assn. and USPA Global

U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the governing body for the sport of polo in the United States and one of the country’s oldest sports governing bodies, founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,100 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. A recent, multi-year deal with ESPN to broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., has made the thrilling sport accessible to millions of sports fans globally for the very first time.

U.S. Polo Assn. has consistently been named one of the top global sports licensors alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized around the world with awards for global growth, expansion, licensing, and digital growth. Due to its tremendous success as a global brand, particularly in the last five years, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world. For more information, visit uspoloassnglobal.com and follow @uspoloassn.

USPA Global is a subsidiary of the USPA and manages the global, multi-billion-dollar U.S. Polo Assn. brand. Through its subsidiary, Global Polo Entertainment (GPE), USPA Global also manages Global Polo TV, which provides sports and lifestyle content. For more sports content, visit globalpolo.com.

About Incom S.p.A

Incom S.p.A, founded in Montecatini Terme (PT) in 1951, manages, as a licensee, the apparel for the U.S. Polo Assn. brand in Western Europe, which produces and distributes iconic clothing brands all over the world. In addition, Incom is one of the main suppliers of military and paramilitary clothing in the Italian State both for uniforms and for technical clothing. Since January 2008, it has been producing and distributing men’s, women’s, and children’s clothing in Western Europe under the U.S. Polo Assn. brand, with record sales results and growth. For further information, visit www.incomitaly.com.

About Bonis S.P.A.

Bonis is the exclusive footwear licensee for U.S. Polo Assn. in Western Europe. Founded in 1970, Bonis is a leading company in the footwear business and is a partner selected by some of the most influential international brands. Located in the heart of the Asolo and Montebelluna footwear district, the home of the most important sport system brands. Bonis works with private labels, contracting, and licensing. Visit www.bonis-spa.com.

About Eastlab

Eastlab is the exclusive licensee for U.S. Polo Assn. handbags in Western Europe. Founded in 2015, Eastlab today represents some of Italy’s major players in the production and marketing of bags, footwear, accessories, and suitcases. Eastlab’s targeted response to market demand and passion for the craft has allowed the company to quickly acquire great credibility in the market and gain the trust of important partners. Visit www.eastlab.it.

EuroTrade s.r.l.

EuroTrade is U.S. Polo Assn.’s licensee in Western Europe for watches and accessories. Headquartered in Italy, EuroTrade was founded in 1987 and specializes in the creation and distribution of high-quality watches and accessories characterized by original design and innovative technology. EuroTrade offers the market an original and trendy accessory to wear on any occasion. Visit www.incomitaly.com/en/euro-trade-s-r-l.

Contact Information
Stacey Kovalsky
VP Global PR and Communications
skovalsky@uspagl.com
+001.561.790.8036

Paola Varani
paolavarani@hubcomm.net

Laura Varani
lauravarani@hubcomm.net

Sara Montanelli
saramontanelli@hubcomm.net

Laura Manfrin
laura@twins-pr.com

Maura Busatto
maura@twins-pr.com

SOURCE: USPA Global Licensing Inc.

Nomination Opens for 2024 Directors Of The Year Awards & Inaugural Climate Governance Awards

HONG KONG, June 6, 2024 – (ACN Newswire) – The Hong Kong Institute of Directors (“HKIoD”) announced yesterday that nomination has opened for the 2024 Award Series for Director Excellence (the “Awards”), consisting of the long-established Directors of the Year Awards (“DYA) and the first Climate Governance Awards (“CGA”).

From left to right: Ir Edmund K H Leung, Dr Christopher To, Ms Alice Yip, and Mr Vincent Chan provide an overview of the 2024 Award Series for Director Excellence during the briefing session.

The new series of Climate Governance Awards, launched on the United Nations World Environment Day on 5 June, aims to recognise and inspire exemplary achievements in climate governance, advocating climate action by directors to help build a sustainable future. The judging format of CGA is similar to that of the DYA.

The Awards project this year, themed “Leading with Agility in an Era of Innovation”, echoes with today’s rapidly evolving business landscape that presents both challenges and opportunities. The global economy has remained sluggish, with tough financial conditions and prevailing geopolitical tensions dampening economic prospects. Directors in Hong Kong are facing particularly daunting challenges in the demanding economic environment. On top of business performance, another test of organisational agility is in climate action. Directors must guide their companies in identifying the risks and opportunities that climate change brings, which are vital to ensuring the sustainability of the world and mankind.

Dr Christopher To, Chairman of HKIoD, said, “In the face of unpredictable circumstances, we must be prepared to learn, evolve, and change quickly in order to build a prosperous future. Adaptability, vision, and integrity are also essential leadership traits. Directors need the agility to pivot strategies as the landscape shifts, the foresight to anticipate and prepare for future challenges, and the principled decision-making to uphold good governance even in turbulent times. By hosting these award series, HKIoD aims to recognise outstanding boards and directors, as well as promote good practices in corporate governance.”

Director Of The Year Awards & Climate Governance Awards

Nomination for these two Awards will close on 31 July 2024. The Panel of Judges consists of leaders, professionals and regulators in Hong Kong. Both awards recognise excellence in the following categories:

Company Categories

Director Categories

1. Listed Companies

2. Non-Listed Companies

3. Statutory/Non-Profit-Distributing Organisations*

1. Executive Directors

2. Non-Executive Directors

3. Boards

Notes: *A non-profit-distributing organisation is defined as an organisation of which profits are not distributed to its shareholders, members, directors, employees or any other persons, with objectives including, but not limited to, charitable welfare, social service, health and medical care, education, research, trade and industrial alliance, professional advancement, self-help support etc.

The Awards nomination form and related information are available on The Hong Kong Institute of Directors website at www.hkiod.com.

About “HKIoD Award Series for Director Excellence”

The HKIoD Award Series for Director Excellence is a project organised by The Hong Kong Institute of Directors (“HKIoD”) and consists of two series of Awards.

The first series, Directors Of The Year Awards, was inaugurated in 2001 as the first ever such Awards organised in Asia. As directors are ultimately responsible for corporate governance and leading the company in prosperity and integrity, the objectives of the Awards are to recognise outstanding boards and directors and to promote good practices in corporate governance and director professionalism. The Awards have become an annual project of impact in the community organised by HKIoD together with over 100 Project Partners. To date, 242 Awardees have been recognised for their achievements in demonstrating exemplary high standards in corporate governance and director practice.

Inaugurated in 2024, Climate Governance Awards constitute the second series of HKIoD Awards with the objectives to recognise and inspire exemplary achievements in climate governance and to advocate climate action by directors. It is critical time now for directors to address the risks and opportunities of climate change in board agendas and their governance role.

Candidates are open to public nomination, with data processed in well-defined and stringent procedures, followed by interviews with independent consultants in utmost due diligence and finally selected by independent judges with high standards and fair judgment. 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.

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

The Hong Kong Institute of Directors (“HKIoD”) is Hong Kong’s premier body representing directors working together to advance corporate sustainability in creating long-term value for companies, their owners, stakeholders, humankind and Planet Earth through advocacy and standards-setting in corporate governance and director professionalism.

Led by Founder Chairman Dr The Hon Moses Cheng, HKIoD was founded in 1997. Throughout the years, HKIoD is honoured to have the Chief Executive of HKSAR as the Institute’s Patron. Membership of HKIoD comprises of directors from diverse industries and corporate types and includes Executive Directors, Non-Executive Directors and Independent Non-Executive Directors. With multi-culturalism and international perspectives, HKIoD organises activities that cover director training, seminars and forums, collective director voice, guideline establishment, public education, Award Series for Director Excellence, assessment of Corporate Governance Scorecard for listed companies etc.

As a member body of the Global Network of Director Institutes (“GNDI”), HKIoD is committed to global collaboration in promoting good corporate governance and director professionalism. HKIoD is the appointed Host of the Hong Kong Chapter of Climate Governance Initiative, a global network that collaborates with the World Economic Forum in actively promoting directors’ address of the risks and opportunities of climate change.

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

Directors Award Series for Director Excellence Enquiries	Media Enquiries
The Hong Kong Institute of Directors	Strategic Public Relations Group
Odessa So	Brenda Chan
+852 2889 4988 / odessa.so@hkiod.com	+852 2114 4396 / brenda.chan@sprg.com.hk
Fax +852 2889 9982	Fax +852 2114 4948

The 11th PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) are now accepting entries across new, diverse categories

HONG KONG, June 6, 2024 – (ACN Newswire) – Organisers of the PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) have announced an expanded roster of categories for the programme’s 2024 edition.

The 11th PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) are now accepting submissions ahead of the highly anticipated presentation ceremony on Friday, 13 December 2024. This prestigious event will be held at The Athenee Hotel, a Luxury Collection Hotel, Bangkok, promising a day of celebration and recognition for outstanding achievements in the Chinese property sector.

Submissions from eligible entrants are currently being accepted via asiapropertyawards.com until 13 September 2024.

Key dates for the 2024 edition:
13 September 2024 – Entries close
23 September – 14 October 2024 – Site Inspections (Hong Kong and Macau)
16-17 October 2024 – Final Judging
13 December 2024 – Awards Ceremony in Bangkok, Thailand
13 December 2024 – Regional Grand Final Gala Presentation in Bangkok, Thailand

Embracing change, underscoring innovation

The latest edition of the PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) features an expanded list of categories that embrace change and underscore innovation in the real estate industry.

New categories in 2024 include titles for affordable residential developers as well as the Environmental, Social, and Governance (ESG) awards for companies that lead in sustainable design, sustainable construction, energy efficiency, and social impact.

Outstanding projects can also compete for new categories distinguishing the country’s finest investment properties; lifestyle developments; nature-integrated projects; and sales galleries.

Jules Kay, general manager of PropertyGuru Awards and Events, said: “Following the successful return of our awards programme to a physical format last year, we eagerly anticipate another celebration of success in China this year, recognising exemplary leaders and professionals in property development, architecture, and design. With innovative ideas and a commitment to quality, the real estate industry across Asia demonstrates resilience and adapts to challenges. As the Gold Standard of real estate, we believe the PropertyGuru Asia Property Awards inspire creativity, stimulate solutions, elevate standards, and will ultimately help drive positive outcomes for the property sector in China.”

The Best in Asia

Top winners will have an opportunity to compete with their peers for the coveted titles of “Best in Asia” at the 19th Annual PropertyGuru Asia Property Awards Grand Final on 13 December 2024.

China showcased exceptional projects at last year’s 18th PropertyGuru Asia Property Awards Grand Final where developments such as The Fullerton Ocean Park Hotel Hong Kong by Sino Land Company Limited; M8 by China Construction Engineering (Macau) Company Limited; and New Bund 31 by Shun Tak Qiantan (Shanghai) Cultural and Real Estate Company Limited garnered regional acclaim.

The winners of the 2024 awards will be determined by an independent panel of judges, composed of experts in the property sector and related fields. The judges conduct a transparent, fair, and impartial selection process under the supervision of HLB, the global advisory and accounting network.

Ken Ip, chairperson of the Awards in Mainland China and chairman of Asia MarTech Society, said: “The Mainland Chinese property market continues to demonstrate remarkable resilience and innovation in the face of headwinds. Last year’s landmark edition of our awards programme showcased the incredible dedication and creativity of developers and designers, setting new benchmarks across China’s real estate industry. Building on this success, we are glad to open entries for the latest edition of our awards, featuring exciting new categories that reflect current trends and opportunities.”

Paul Tse, chairperson of the Awards in Hong Kong and Macau and president of the Macao Association of Building Contractors and Developers, said: “Last year saw the remarkable achievements of the Hong Kong and Macau property sectors showcased on the international platform of the awards. As we embark on a new edition of the awards in 2024, we anticipate an even more robust display of excellence, growth, and development in these cities. We look forward to developers and designers embracing change, exploring fresh opportunities, and guiding consumers towards a more brilliant, sustainable property market in Hong Kong and Macau.”

The PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) are part of the regional PropertyGuru Asia Property Awards series, which marks its 19th year in 2024. The series covers key markets across the region, spanning Southeast Asia, East Asia, South Asia, and Oceania, with exclusive gala events and ceremonies that represent the most anticipated property events of the year.

Organised by PropertyGuru Group (NYSE:PGRU), the 11th PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau) programme is supported by official partner Anjuke; official marketing partner Global Design Awards Lab; official magazine Property Report by PropertyGuru; official publicity partner Molihua Media Group (MMG); media partners Mingtiandi and The Standard; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: asiapropertyawards.com.

About PropertyGuru Asia Property Awards

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.

In 2024, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2024.

For more information, please visit AsiaPropertyAwards.com

About PropertyGuru Group

PropertyGuru is Southeast Asia’s leading(1) PropTech company, and the preferred destination for over 34 million property seekers(2) to connect with almost 55,000 agents’ monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.8 million real estate listings(4), in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 16 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform,Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

For more information, please visit: PropertyGuruGroup.com;PropertyGuru Group on LinkedIn

(1) Based on SimilarWeb data between July 2023 and December 2023.
(2) Based on Google Analytics data between July 2023 and December 2023.
(3) Based on data between October 2023 and December 2023.
(4) Based on data between October 2023 and December 2023.

PropertyGuru Contacts:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: nate@propertyguru.com

Sales & Nominations:
Kai Lok Kwok, Solutions Manager
M: (+66) 97117 8595
E: kai@propertyguru.com

Yiming Li, Solutions Manager
M: +66 082 292 1309
E: nick@propertyguru.com

GMG’s THERMAL-XR(R) Energy Savings Coating Wins Industry Product Excellence Award

Brisbane, Queensland, Australia–(ACN Newswire – June 5, 2024) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to provide a business update on the commercialisation progress of THERMAL-XR® Powered by GMG Graphene.

Image 1

To view an enhanced version of this graphic, please visit:
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GMG and GMG’s THERMAL-XR® Powered by GMG Graphene coating was awarded the Product Excellence HVAC Award in Sydney, New South Wales, Australia on the 29^th May 2024 at the Air Conditioning, Refrigeration Building Services Exhibition (ARBS). ARBS is Australia’s leading event for the Heating Ventilation Air Conditioning and Refrigeration (HVAC&R) and building services sectors. ARBS is where professionals from across the industry connect to explore cutting-edge advancements; network with 350 exhibitors; and interact with more than 9,000 attendees dedicated to shaping the future of the HVAC field.

Image 2

To view an enhanced version of this graphic, please visit:
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The Product Excellence HVAC Award is focused on new technology or re-application of existing technology in product manufacture that demonstrate innovation and fitness for purpose for the air conditioning, refrigeration and building services sector.

ARBS’s website described the Company’s THERMAL-XR® COATING SYSTEM as “distinguishing itself in the HVAC & R industry by its innovative approach to enhancing the thermal conductivity of both new and corroded heat exchange surfaces. This system not only coats and protects these surfaces but also restores their eroded thermal efficiency. By integrating the physics of GMG Graphene, the THERMAL-XR® process not only improves the heat transfer rate but also significantly reduces power consumption, marking a substantial advance in efficiency. Additionally, the THERMAL-XR RESTORE®, Powered by GMG Graphene, offers protection against accelerated corrosion for various types of coils, thereby prolonging equipment life and further reducing energy costs.”

This collaborative national ARBS Awards initiative is fully endorsed by the major HVAC&R industry associations:

AIRAH – Australian Institute of Refrigeration, Air Conditioning & Heating
AMCA – Air Conditioning & Mechanical Contractors Association
AREMA – Air Conditioning & Refrigeration Equipment Manufacturers Association
ARWA – Air Conditioning & Refrigeration Wholesalers Association
CIBSE – Chartered Institute of Building Services Engineers (ANZ)
RACCA – Refrigeration & Air Conditioning Contractors Association

GMG’s Managing Director and CEO, Craig Nicol, commented: “This national industry award is really exciting as it shows further progress GMG is making with THERMAL-XR® within the HVAC-R industry. We continue to see various types of industries trialling our product including in the after-market air conditioning, data centres, air conditioner manufacturers, personal electronics, truck and train manufacturers and industrial facilities such as LNG plants.”

GMG’s Chairman and Director, Jack Perkowski, commented: “THERMAL-XR® is an exciting prospect for the Company in many applications and markets, and it is gratifying to see the Company receiving recognition for this through such national industry awards.”

About THERMAL-XR® powered by GMG Graphene:

THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.

THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDING

About GMG www.graphenemg.com

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications.

The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving coating), lubricants and fluids.

In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

GMG’s 4 critical business objectives are:

Produce Graphene and improve/scale cell production processes
Build Revenue from Energy Savings Products
Develop Next-Generation Battery
Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:

Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the Company’s THERMAL-XR® COATING SYSTEM distinguishing itself in the HVAC & R industry, the Product Excellence – HVAC Award showing the progress THERMAL-XR® is making within the HVAC-R industry, and the types of industries trialling the Company’s products.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions relating to the THERMAL-XR® COATING SYSTEM distinguishing itself in the HVAC & R industry through its innovative approach to enhancing thermal conductivity, the Product Excellence – HVAC Award demonstrating that THERMAL-XR® is making progress in the HVAC-R industry, and that various types of industries will continue trialling the Company’s products.

Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the THERMAL-XR® COATING SYSTEM will not continue to distinguish itself in the HVAC & R industry through its innovative approach to enhancing thermal conductivity, or at all, that the Product Excellence – HVAC Award does not demonstrate that THERMAL-XR® is making progress in the HVAC-R industry, that companies in the after-market air conditioning, data centres, air conditioner manufacturers, personal electronics, truck and train manufacturers and industrial facilities industries will not continue to trail the Company’s products, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 12, 2023 available for review on the Company’s profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/211778

3rd Clean Power & New Energy 2024; Take a Deep Dive into the Latest Transition of Renewable Energies

KUALA LUMPUR, June 5, 2024 – (ACN Newswire) – Join an impressive line-up of experts, all geared up to share profound knowledge and expertise on achieving net zero emissions, the fast tracking of energy transition, and the latest advancements and opportunities in renewable energy.

Themed “TRIPLING RENEWABLE POWER & DOUBLING ENERGY EFFICIENCY BY 2030”, this exclusive event will bring together +1000 top energy professionals, Industry key players policymakers, Energy producer and solution providers, spearheading the energy evolution and transformation across the world.

The conference will explore the emergence of green hydrogen, electric vehicles, solar and wind energy, and breakthroughs in energy storage through energy efficiency. Attendees will gain an in-depth understanding of the latest advances and strategies shaping the clean energy landscape. From cutting-edge renewable energy technologies to innovative financing models and regulatory frameworks, every aspect of the transition to cleaner, more sustainable energy systems will be scrutinized.

Don’t let this chance slip away, come and join us today for invaluable hands-on insights into Energy. This 3rd Annual event is set to be bigger and more impactful than ever. Secure your seat now before it’s too late.

Event Details
Date: 25-27 June 2024
Venue: M Resort & Hotel, Kuala Lumpur
Register or Brochure Request at: https://lnkd.in/d3g3bFEB
Event website: https://lnkd.in/g3C3UjSb
Watch our previous edition here: https://lnkd.in/gyCdjYnX
The 3rd CPNE 2024 event is HRDF claimable.

For any further inquiries, feel free to contact Amina at amina@cteventasia.com or call 601112476257.