Initial Results Confirm Widespread Mineralization at Appia’s Ionic Clay Project in Goias State, Brazil

TORONTO, ONTARIO , Jun 20, 2023 – (ACN Newswire) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (the "Company" or "Appia") is pleased to provide an update on its newly acquired Cachoeirinha rare earths project ("PCH Project") located near Ipora in the state of Goias, Brazil. This update results from a due diligence field visit and project review by Appia personnel, including Mr. Don Hains, an expert in industrial minerals.

The PCH project hosts rare earth element (REE) mineralization in both ionic clays developed from the weathering of alkaline granites, and in-situ rare earth mineralization associated with the underlying granite and a carbonatite intrusion to depths >100 m.

"Mineralization is widespread across the property with the most advanced target being a 2 km wide zone in the SW corner of the tenements known as Target 4," stated Mr. Don Hains, senior consulting geologist and QP. "The exploration work by the vendor showed REE enrichment in the soils to depths of 8 to 26 m with the majority in the upper 8-10 m. Total REE grades in numerous auger holes drilled at Target 4 ranged from 274 ppm to 16,648 ppm (1.66%), with an average of 1,291 ppm total REE and, importantly, the valuable rare earths used in magnet applications (Pr, Nd, Tb and Dy) + Y accounted for approximately 14% of total rare earths, with a maximum of 28.4%."

Appia completed 110 duplicate samples from twin auger holes distributed across Target 4 as part of its due diligence program and found comparable results to the original assays. Due diligence samples were also collected from trenches (17 samples) and diamond drill holes (76). Assay data for these samples also showed comparable results to the original sample data.

Due diligence samples were assayed at the same laboratory (SGS Geosol in Vespasiano, Brazil) using the same methods as the original samples (IMS95R and ICM40B). SGS Geosol is an ISO 17025 registered laboratory. Certified standards from OREAS were used to measure laboratory accuracy and precision. Supervision of the due dilignece assays was under the control of Mr. Hains.

He continued, "The average Heavy REE value is 145 ppm, or 13.93% of the total rare earths. In contrast, the Serra Verde project currently under construction in northern Goais State has total average REE values of 2,138 ppm (0.2138%)[1] but HREE values of only 155 ppm, or 7.26% of total rare earths. Thus, the PCH project has a relatively higher content of HREE in the deposit than Serra Verde."

"The overall assay values of samples obtained to date are considered comparable to other ionic clay type rare earth deposits in Brazil such as Serra Verde and Araxa," stated Stephen Burega, President of Appia.

"Such deposits generally have relatively low rare earth values compared to hard rock deposits but typically present more easily processed material with good recoveries and can thus be highly cost competitive against high-grade, hard rock rare earth projects. The relatively high assay values for Pr, Nd, Tb and Dy, the most valuable magnetic rare earth elements, are positive for development of the project," he concluded.

Next Steps for 2023

The proposed 2023 exploration program will include high resolution topographic surveying across the Eastern claim blocks followed by a reverse circulation (RC) drill program including approximately 300 holes at 100m x 100m spacing totalling 4,500 metres on Target #4. Additional auger drilling will further delineate the extension of the rare earths potential to the West of Target #4. The RC drill program is planned to reach an average depth of 15 meters per hole, and will be sampled at 1/2 meters intervals.

The available data indicates that there is considerable exploration potential throughout this large property. Significant areas in both the western and eastern portions of the property show high relative radiometric values indicative of potential rare earth mineralization but these areas remain untested by drilling. It is reasonable to expect that the overall potential of the project can be increased significantly with further work in these areas.

"Preliminary metallurgical test work has involved mineralogy studies at Actlabs and SGS Mineral Services in Canada and geometallurgical and flotation test work at the Federal University of Goias ("UFG"). La, Nd and Nb were successfully floated in these tests, with recoveries of La and Nd typically averaging about 50% for the best collector conditions even without any up-front processing", according to Hains. "Importantly, the flotation concentrates averaged 127 ppm Th and 38 ppm U, indicating radioactivity issues associated with mineral processing should be very manageable."

Very preliminary leaching tests undertaken at SGS Mineral Services in Canada indicate the potential to successfully leach rare earths using ammonium sulphate, thus demonstrating the ionic clay nature of the mineralization. The Company advises that substantial additional metallurgical test work will be required as the project advances; however these very preliminary results do indicate that either flotation and/or leaching may be viable recovery schemes. It is likely that a combination of the two recovery processes may be required to maximise the recovery and produce a suitable concentrate as feed for further processing.

Appia's local partner has been active on the PCH project for the past 2 years, and the team has compiled a significant dataset including geophysics and geochemical results as well as auger, drill and trenching samples across 9 delineated targets on the Western limb of the project area. There remains more that 50% of the project area still to be explored and assessed for its potential.

Location

The PCH project is located approximately 30 km from Ipora, a medium size city in the state of Goias, with a population of approximately 31,500 and well-developed infrastructure. The region around Ipora has significant ongoing mineral exploration and mining activity including active mines operated by Dundee Precious Metals and Yamana Gold. The property is well connected by a series of roads and is mainly used for farming. Local and community relations with mining and exploration companies including Appia's predecessors at PCH are excellent.

Background on the PCH Project

The Cachoeirinha Project (PCH Project) is located within the Tocantins Structural Province in the Brasilia Fold Belt, more specifically, the Arenopolis Magmatic Arc. The PCH Project is 17,551.07 ha. in size and located within the Goias State of Brazil. It is classified as an alkaline intrusive rock occurrence with highly anomalous REE and niobium mineralization. This mineralization is related to alkaline lithologies of the Fazenda Buriti Plutonic Complex and the hydrothermal and surface alteration products of this complex by supergene enrichment in a tropical climate. The positive results of the recent geochemical exploration work carried out to date indicates the potential for REEs and Niobium within lateritic ionic adsorption clays.

The technical content in this news release was reviewed and approved by Mr. Don Hains, P.Geo, Consulting Geologist, and a Qualified Person as defined by National Instrument 43-101.

About Appia Rare Earths & Uranium Corp

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The Company also has a 100% interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.

Appia has 130.5 million common shares outstanding, 143.5 million shares fully diluted.

Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For more information, visit www.appiareu.com

As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (Twitter, Facebook, LinkedIn) please feel free to send direct messages.

To book a one-on-one 30-minute Zoom video call, please click here. sburega@appiareu.com

For further information, please contact:
Tom Drivas, CEO and Director: (cell) 416-876-3957 or (email) tdrivas@appiareu.com
Stephen Burega, President: (cell) 647-515-3734 or (email) sburega@appiareu.com

[1] Source: company website, www.serraverde.com.

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

TANAKA Precious Metals to Exhibit at SEMICON China 2023 International Semiconductor Exhibition to be Held in Shanghai, China

TOKYO, Jun 20, 2023 – (ACN Newswire) – TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which develops the manufacturing business of TANAKA Precious Metals, announced that it will exhibit at SEMICON China 2023, an international semiconductor exhibition to be held in Shanghai, China on June 29 to July 1, 2023. At this exhibition, we will exhibit panels showing precious metal products related to semiconductors – such as various types of plating solutions, bonding wires, and precious metal pastes – for which demand is expected to continue to grow in China's semiconductor market. We will also be exhibiting for the first time TK-FS, a new alloy for probe pins that was announced in April 2023.
Conceptual image of exhibition booth


For plating solutions, which have high demand in China, TANAKA Precious Metals contributes to the manufacturing of compound semiconductors by providing the environmentally friendly non-cyanide gold plating process instead of the cyanide gold plating process. In the past, products imported from Japan were offered in China, but now, the same products can be produced and supplied locally by group company Metalor Technologies (Suzhou) Limited using precious metal materials from China.

In addition, TK-FS – which is being exhibited for the first time – is a product that allows the same material to be used in a wide range of probe pins for semiconductor test equipment. With the spread of the IoT today, semiconductors are becoming necessary not only in electronic devices but also in a broad range of fields, such as automobiles and home appliances. In particular, the demand for power semiconductors is expected to grow.

TANAKA Precious Metals engages in business globally as a manufacturer specializing in precious metals and, above all, boasts the world's highest market shares for bonding wires. In China, TANAKA Precious Metals has earned trust as a precious metal professional group by supplying products of high reliability that were made in Japan.

TANAKA Precious Metals aims to contribute toward the growth of China's semiconductor market – which is expected to continue to expand in the future – by continuing the technological development of precious metal materials for semiconductor devices.

SEMICON China 2023 Exhibition Outline

– Exhibition Title: SEMICON China 2023
– Dates: Thursday, June 29-Saturday, July 1, 2023, 9:00-17:00 *China local time (until 16:00 on July 1)
– Venue: Shanghai New International Expo Centre (Suzhou, China)
– Official Site: https://www.semiconchina.org/ *Only English and simplified Chinese sites are available
– Exhibitor: TANAKA Kikinzoku International (Shanghai) Co., Ltd. (A TANAKA Kikinzoku Kogyo K.K. overseas office) and Metalor Technologies (Suzhou) Limited.
– Booth Number: E2152
– Main Products Shown on Panels: Products for semiconductors, such as various types of plating solutions, TK-FS, bonding wires, and precious metal pastes

Product Name: Various types of plating solutions
Outline: Various types of plating solutions are offered according to the application, including the MICROFAB series of non-cyanide gold plating processes excellent for fine pattern formation on wafers, the PRECIOUSFAB series of corrosion-resistant platinum plating solutions, and the GALVANOMEISTER gold-tin alloy plating which can be expected to reduce costs as a replacement for lead-free solder. For equipment, panels will introduce the RAD-Plater experimental equipment and the fully automated POSFER.

Product Name: TK-FS
Outline: This is a material that can be used in a wide range of types of probe pins besides pogo-pin types, such as cantilever-type or vertical-type for wafer testing (pre-processing) probe cards. With three unique attributes – a Vickers hardness of at least 500, specific resistance of at most 7.0 micro ohm-cm, and durability that can withstand 10 or more times of repeated bending – this material can be used in various types of probe pins.

Product Name: Bonding wires
Outline: These are precious metal products essential for electrically connecting electronic components – such as integrated circuits, transistors, semiconductors, and printed circuit boards – used in electronic devices. The full lineup will be introduced at this exhibition, centering on gold bonding wires for flash memory and aluminum wires, ribbons, etc. for power devices.

Product Name: Precious metal pastes
Outline: Precious metal pastes, powders, and conductive adhesives are widely used in various applications, such as circuitry and semiconductor die bonding. In particular, due to the rising demand for pastes with high thermal cooling in the markets for lead-free products, automotive power devices, and optical devices for LEDs, the lineup of various silver pastes will be introduced.

TANAKA Kikinzoku Kogyo K.K.

Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Koichiro Tanaka, Representative Director & CEO
Founded: 1885
Incorporated: 1918
Capital: 500 million yen
Employees: 2,429 (including overseas subsidiaries) (March 31, 2022)
Sales: 389,646,820,000 yen* (FY2021)
Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.
* Due to the adoption of the Accounting Standard for Revenue Recognition from FY2021, the net amount is given for the net sales of some transactions.

About TANAKA Precious Metals

Since its foundation in 1885, TANAKA Precious Metals has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volumes of precious metals handled. Over the course of many years, TANAKA has not only manufactured and sold precious metal products for industry but also provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and around the world collaborate and cooperate on manufacturing, sales, and technology development to offer a full range of products and services. With 5,225 employees, the Group's consolidated net sales for the fiscal year ending March 31, 2022, were 787.7 billion yen.*
*From the current consolidated fiscal year, the amounts of sales for some transactions are indicated as net values due to the application of the Accounting Standard for Revenue Recognition.

Global industrial business website
https://tanaka-preciousmetals.com/en/

Product inquiries
TANAKA Kikinzoku Kogyo K.K.
https://tanaka-preciousmetals.com/en/inquiries-on-industrial-products/

Press inquiries
TANAKA Holdings Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

This press release in PDF: http://www.acnnewswire.com/docs/files/20230620_EN.pdf

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

Grand Ming Group Holdings Limited Announces Annual Results for the Year Ended 31 March 2023, Reporting a Record-High Revenue and Net Profit

HONG KONG, Jun 20, 2023 – (ACN Newswire) – Grand Ming Group Holdings Limited (the "Company" and together with its subsidiaries, the "Group", stock code: 1271.HK) today announces its annual results for the year ended 31 March 2023 ("FY 2022/23").

Highlights
— Revenue amounted to HK$5.0046 billion, an increase of 5.1 times from the previous financial year.
— Net profit for the year was HK$1.2755 billion, representing an increase of 71.7 times.
— Proposed payment of final dividend of 5.0 HK cents per share and special dividend of 15.0 HK cents per share.
— Stay positive toward lucrative business of owning and operating data centres via upgrading and expanding portfolio of developing two new centres in near future.
— Seize opportunity to increase land reserve for property development in Hong Kong.
— Execute the plan for property development in Nanning, Guangxi Province, China targeting for luxurious senior residential market.

In FY 2022/23, the Group's consolidated revenue amounted to $5,004.6 million (FY 2021/22: $817.9 million), representing an increase of 5.1 times as compared to FY 2021/22. The consolidated gross profit also increased 31.2 times to $1,987.8 million (FY 2021/22: $61.7 million). These are primarily attributable to recognition of revenue and profits from The Grand Marine upon completion of its sales and handover of the residential units to the customers during the year under review. Net profit for FY 2022/23 grew by 71.7 times to $1,275.5 million (FY 2021/22: $17.5 million). Earnings per share was 89.85 HK cents (FY 2021/22: 1.24 HK cents). Excluding the change in fair value of investment properties, the Group recorded an underlying profit of HK$1,299.3 million in FY 2022/23, as compared to an underlying loss of $75.2 million in FY 2021/22. Underlying earnings per share was 91.53 HK cents (FY 2021/22: underlying loss per share of 5.30 HK cents).

The Group believes a long-term high dividend policy is the best reward for our loyal shareholders. With the solid performance, the Board now recommends to pay a final dividend for FY 2022/23 of 5.0 HK cents per share. To celebrate the Group's 10th anniversary of listing on the Hong Kong Stock Exchange and express the gratitude to the Company's shareholders for their continued support, the Board also recommends a special dividend of 15.0 HK cents per share. Together with the interim dividend of 6.0 HK cents per share and special interim dividend of 20.0 cents per share already paid, the total dividends for FY 2022/23 amounted to 46 HK cents per share.

The Group have demonstrated a proficiency in property development project initiation and execution through the successful launch of its first signature property project "Cristallo" which is a luxury residential project sitting at No. 279 Prince's Road West, Kowloon. As at 31 March 2023, 15 units out of the total 18 units had been sold.

The residential development "The Grand Marine" is located at No. 18 Sai Shan Road, Tsing Yi, the New Territories. It offers 776 units with a saleable area of approximately 345,000 square feet. Pre-sales commenced since November 2019 and were well received by the market with over 92% of the units being sold as of 31 March 2023. Handover of the pre-sold units to buyers commenced in April 2022 following the issuance of the certificate of compliance in March 2022. Sales revenue of HK$4.85 billion was recognised in FY 2022/23.

The Group's another project "The Grands" is located at No. 41, 43 and 45 Pau Chung Street in To Kwa Wan, Kowloon in close proximity to MTR To Kwa Wan station with a gross floor area of approximately 31,000 square feet. It is being developed into a 22-storey residential-cum-commercial tower with 76 residential units and a resident clubhouse over two levels of shops. Interior fitting-out works of the residential units are substantially completed. Preparation works for the pre-sale of the project are also commenced.

The Group is also developing a site, situated at No.1 Luen Fat Street, Fanling, the New Territories, into a residential-cum-commercial complex with a total gross floor area of approximately 36,000 square feet. The foundation works is underway and the development is scheduled to be completed in mid-2025.

In February 2023, the Group acquired two properties at No.66 Fort Street and No.57 Kin Wah Street, North Point, which cover a site area of approximately 3,240 square feet with a developable gross floor area of approximately 30,000 square feet. Currently, No.57 Kin Wah Street is a vacant land, while No.66 Fort Street has a 5-storey building, which is scheduled to be demolished in the third quarter of 2023. The site is planned to be redeveloped into a residential-cum-commercial project.

The balanced portfolio development initiative also includes geographical footprint expansion. The Group has started to development a site locating at Guangxi-ASEAN Economic and Technological Development Zone, Wuming District, Nanning City, Guangxi Province with a site area of approximately 574,000 square feet. It is planned to be developed into a luxury residential project under the theme of leisure and healthy lifestyle, comprising high-rise apartment units, villas, retail shops and a wellness centre. Target customers will be the elderly and retirees and their families. The estimated gross floor area of the proposed development is approximately 1,100,000 square feet. The Group is in the process of obtaining all necessary document approvals from the relevant government authorities and plans to start construction works later this year.

The data centres operation is a major initiative of balanced development. The Group currently owns two data centres, namely iTech Tower 1 and iTech Tower 2. Revenue from its leasing business maintained a favourable growth, and recorded an increase of 20.5% year-on-year to HK$235.0 million. This was mainly driven by increasing utilisation of data centre spaces by the existing and new customers and increasing rental-related income due to uprise of electricity tariff.

The development of the two new high-tier data centres in the pipleline located in Fanling are well underway. Upon completion of these two new data centres, the Group will increase its portfolio gross floor area by 186,000 square feet.

Mr. Chan Hung Ming, Chairman and Executive Director of Grand Ming Group Holdings concluded, "The year 2023 remains a challenging year for businesses. In tandem with the gradual recovery of the economy at this post-pandemic period, coupled with potential final push of interest rate hike ahead, we consider a cautious vision on our outlook this year is a key for navigating any tough environment. The Group has stayed steadfast to drive the corporate priorities of creating a balanced portfolio for its business structure and segments as well as to broaden the recurring income stream to drive resilience in all-weather economic landscape. Leverage on the strength of our people and leadership bench, we achieve remarkable results in FY 2022/23 with a record-high revenue and net profit, attributed from the completion of sales of The Grand Marine. We will continue the sale of the remaining units of The Grand Marine and Cristallo. We also plan to launch the pre-sales of The Grands in the second half of 2023. The development of the two new high-tier data centres in Fanling are progressing on schedule, and are targeted to be delivered in mid-2025 and mid-2026 to meet strong market demand. Meanwhile, we continue to commit to improving and upgrading the infrastructure of the existing data centres with a view to providing reliable services to our existing customers. With proven track record and a resilient financial position, we continue to identify for suitable development projects on a prudent manner so as to create long-term sustainable value and impactful outcomes for our stakeholder."

About Grand Ming Group Holdings Limited (Stock code: 1271.HK)
The Group is principally engaged in the business of property development and property leasing, as well as building construction. As a local wholesale co-location provider of high-tier data centres, the Group is one of the dedicated service providers in Hong Kong which owns and uses the entire building for leasing to customers for data centre use. Its clientele includes multinational data centre operator, telecommunications company and financial institutions. The Group operates two high-tier data centre buildings, namely iTech Tower 1 and iTech Tower 2. It also acquired two pieces of land in Fanling, the New Territories for developing into two high-tier data centres. Furthermore, the Group has completed sale of its luxury residential project, Cristallo. At present, the respective property development projects sale and ready to pre-sale in the pipeline include "The Grand Marine" at No.18 Sai Shan Road, Tsing Yi and "The Grands", which is located at No. 41, 43 and 45 Pau Chung Street, To Kwa Wan. Besides, property development in progress includes a site located at No.1 Luen Fat Street, Fanling and a site located at No.66 Fort Street and No.57 Kin Wah Street, North Point. In Mainland China the Group owns a piece of land at Guangxi-ASEAN Economic and Technological Development Zone, Wuming District, Nanning City, Guangxi Province for development into a luxury residential project comprising high-rise apartments, villas, retail shops and wellness centre with an estimated gross floor area of approximately 1,100,000 square feet.

Media Contacts:
Angel Yeung
Jovian Communications Ltd
Email: news@joviancomm.com


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

SMEStreet League of Mentors Proudly Welcomes Mr Deepak Maheshwari as the Chairperson for MSME & Startups – Finance & Growth Committee of 2023-24

MUMBAI, INDIA, Jun 20, 2023 – (ACN Newswire) – SMEStreet is excited to Welcome Mr Deepak Maheshwari as the chairperson of 2023's MSME & Startups – Finance & Growth Committee of SMEStreet League of Mentors (https://smestreet.in/smestreet-league-of-mentors/smestreet-league-of-mentors/). Mr Maheshwari will also be the permanent Mentor of the SMEStreet League of Mentors which aims to ensure easy access of expertise for MSMEs and Startups.

"Finance for MSMEs and scaling of Startups are very crucial areas requiring serious attention for the growth of our country. The subject holds critical importance for MSME entrepreneurs in India, especially at a time when enormous opportunities are getting generated that require strong and timely execution. Through this engagement, we wish to bring our team's expertise accessible for any entrepreneur from the startup or MSME sector," says Mr Deepak Maheshwari (www.linkedin.com/in/deepak-maheshwari-0605b86/), Co-Founder Jindagi Live Group and Dealplexus.com.

Mr Deepak Maheshwari is an accomplished professional with over 27+ years of leadership experience across diverse businesses. He has led large and diverse teams with GE and IFCI with hands-on mentorship approach. He has well-rounded experience in start-up, growth and business optimization cycles and has facilitated multi-million dollar strategic investments in multiple businesses. He is a qualified CA, CS, CFA and Cost Accountant.

On this announcement, Dr Faiz Askari, Founder and Chief Editor of SMEStreet welcomed Mr Maheshwari and stated, "This is indeed a great milestone to have the knowledge support of Mr Maheshwari's experience accessible for MSMEs and Startups. Mr Maheshwari holds a great understanding of today's financial landscape for credit management and strategic growth for the business. His support and engagement in SMEStreet League of Mentors shall open a great horizon of opportunities for the vast Indian MSME and Startup sector."

SMEStreet League of Mentors is a joint initiative of SMEStreet Foundation and Vertical Business Media's that started in 2020.

SMEStreet League of Mentors is an initiative designed to bring much-needed expertise closer to MSMEs which is needed for their business growth. Mentors at SMEStreet League of Mentors will not only motivate the entrepreneurs but also bring clarity in business vision. We at SMEtreet have spent years in interacting and understanding the common and specific pain points of MSMEs. One of the most common pains that almost every startup and MSME entrepreneur faces is the limitation of seeking the best possible guidance. Limited knowledge and filtered information make business life difficult, so in order to make the entrepreneur's life easier and smart and in other words, in our endeavour to contribute in the direction of ease of doing business, we would like to bring you closer to SMEStreet's League of Mentors.

About SMEStreet League of Mentors
Click Here (https://smestreet.in/smestreet-league-of-mentors/smestreet-league-of-mentors/)

For more information, contact:
Tabinda H
verticalbusinessmedia@gmail.com

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

SourceLess and Top Industry Leaders to Chart the Future of Digitalization

Bucharest, Romania, Jun 20, 2023 – (ACN Newswire) – "Education, Technology & Innovation" reflects the company's commitment to leveraging technology to drive innovation and improve the quality of life. SourceLess positions itself as a technology company first and foremost, with a focus on innovation. At the helm of the organization is Alexandru Stratulat, the founder and architect of the entire ecosystem.
SourceLess and Industry Leaders to Chart the Future of Digitalization
Alexandru Nichita, the Chief Operating Officer of SourceLess


One of the groundbreaking technologies SourceLess presents is Blockchain, but not just any blockchain. SourceLess introduces a new and unparalleled approach to Blockchain technology, emphasizing simplicity, transparency, speed, and instantaneity. The ecosystem created by SourceLess is complete and complex, offering a feeless environment where users can remain anonymous while still being accountable.

SourceLess emphasizes that blockchain should be seen as a service and a utility that takes precedence over quick financial gains. In a market flooded with speculative practices, it is crucial to differentiate between the Capital Market and the Cryptocurrency Market, with the only real difference being the presence of regulations. SourceLess recognizes the need for a healthy ecosystem built on real utility, catering to the ever-growing adoption of this emerging market.

SourceLess has already achieved remarkable milestones in its journey towards revolutionizing the digital world. Since December of last year, SourceLess has been running its patented technology in the alpha version, writing a block of information in an astonishing 8 to 10 seconds compared to the 12 seconds of a well-known blockchain version 2.0. In just two months, with the installation of only 103 SourceLess validator nodes, the same amount of information is now written in less than a second. This achievement solidifies SourceLess as the fastest blockchain in the world, redefines the term "Transactions Per Second" to "Transactions Per Millisecond," and demonstrates infinite scalability.

SourceLess's ecosystem comprises several components. From a technical perspective, it begins with a blockchain built from scratch with over 32,000 files for encryption. A new programming language called ARES facilitates interaction with this blockchain, while DLT (Distributed Ledger Technology) enables almost instant data transmission. Zero Knowledge serves as the validation level, and Str.domains act as unique identifiers. Together, these components enable SourceLess to offer a feeless ecosystem.

Ownership in this ecosystem is lifelong, ensuring that the rules of the game cannot be changed midway. It provides a new world, a native web3, which is poised to solve the issues prevalent in the current web2.

Contact Information
Iulian Bondari
Head of Marketing
iulian@sourceless.io
+40736595004

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

SATRIA-1 launch to improve internet access across Indonesia

JAKARTA, Jun 19, 2023 – (ACN Newswire) – The Republic of Indonesia Satellite (SATRIA-1) successfully lifted off on Sunday at 18:21 local time from the Cape Canaveral Space Launch Complex 40 (SLC 40) in the US, intending to increase internet coverage for the disadvantaged, frontier, and outermost (3T) regions.
SATRIA-1 successfully launched using a Falcon 9 rocket at 6:21 PM from the Cape Canaveral Space Launch Complex 40 (SLC 40) in the U.S. on Sunday (18/6/2023). (ANTARA/Livia Kristianti/aa)


The satellite launch is an effort to equalize development and include the Indonesian public in the digital economy with the provision of internet in the 3T regions and in the country. SATRIA-1 will cover the entire Indonesian territory, including remote areas.

"This first Indonesian satellite, SATIRA-1, aims to distribute internet access evenly, particularly for purposes of education, medical, public services, the military and the police force," acting Communication and Informatics minister Mahfud MD said here on Monday.

The satellite was launched using American-based private spacecraft manufacturer and launch company Space X's Falcon 9 rocket. The launch runs for about ten minutes and SATRIA-1 will head to the orbit point at 146O of East Longitude.

"It was a great achievement and success, thanks to the support of all Indonesian people," the acting president director of Telecommunication and Information Accessibility Agency (BAKTI), Arief Tri Hardiyanto, said at Kennedy Space Center, Florida after the launch of the first internet satellite owned by the Indonesian government.

After arriving at the orbit, PT Pasifik Satelit Nusantara (PSN) along with Thales Alenia Space (TAS) will conduct In-Orbit Testing of the satellite for three weeks to ensure the function of the satellite. The next phase of the satellite operating series is the In-Orbit Acceptance Review (IOAR) which is scheduled to be held in the first week of December 2023.

The Ministry of Communication and Informatics (KOMINFO) will monitor SATRIA's internet service quality. It hopes Indonesians will be able to utilize the internet capacity of SATRIA-1 gradually starting in January 2024.

SATRIA-1 has been built by the government since 2019 to provide equal internet access in public facilities, specifically in the 3T regions. According to the ministry's latest study in 2023, the 150-Gbps capacity SATRIA-1 will provide expanded broadband coverage to 50 thousand public facility points in 3T regions connected to the internet.

It will provide equal internet access for public facilities in 3T regions, such as schools, hospitals, community health centers, village offices, and sub-district offices, as well as security services. The internet speed in each of these points will reach 4 Mbps, which is four folds higher than the previously projected speed of only 1 Mbps for every point in 2018.

In addition to SATRIA-1, the ministry will launch Hot Backup Satellite (HBS) in the third quarter of 2023. The Communication and Informatics Ministry stated that satellites are the best and quickest choice for equitable internet distribution in Indonesia.

Adimas Raditya FP, Mecca Yumna, Editor: Yuni Arisandy Sinaga (c) ANTARA 2023

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

Impactful AI Innovations Recognised at World AI Show and Awards

DUBAI, June 19, 2023 – (ACN Newswire) – Organised by Trescon, the 41st global edition of the World AI Show & Awards, held on 7 – 8 June 2023 at Jumeirah Emirates Tower in Dubai, concluded with a spectacular awards ceremony celebrating the outstanding innovations in artificial intelligence.

Held under the patronage of the Private Office of Sheikh Saeed Bin Ahmed Al Maktoum, the event brought together top leaders and decision-makers who are using technology in innovative ways to drive businesses forward while delivering business value and enhancing the overall customer experience.


Following an insightful and engaging Day 1, the second day of the event was kicked off with keynote by Dr Fethi Felali on how home grown AI solutions played a transformative role during the 2022 Qatar World Cup.

Another key session that caught everyone’s attention was the panel discussion on the rise of investments in AI. Moderated by Paul Dawalibi, CEO, Holodeck Ventures, the panel discussed at length how AI accelerated the growth of economies. The panellists, Sonali Goila, General Manager & Head of Investment, Panthera Capital Investment; Andrea Danila, Founder & General Partner, Global Millennial Capital; Simon Sharp, Partner, Global Venture; Vianney Mathonne, Partner, Modus Capital; and Valerie Hawley, Affiliate Founding Partner, True Global Ventures; spoke in depth about the criteria for investments in AI and other innovative technologies.

Dr. Salim Al-Shuaili, Director of Artificial Intelligence and Advanced Technology Development Program, Ministry of Transport, Communication and Information Technology, praised the event as a beacon of inspiration highlighting the vast potential of AI to disrupt industries and create new opportunities.

Appreciating the Awards initiative by Trescon, Dr Salim said, “World AI Awards, recognizes the most innovative and impactful AI solutions and implementations across various industries, highlighting the transformative potential of AI for businesses and society​.”

During the World AI Awards, a special award, ‘AI leader of the year’, was awarded to Amith Ranjan, Executive Vice-President, Head Wholesale Digital, Data and Advanced Analytics, Finance Tech, Mashreq Bank.

The grand ceremony also featured ‘Women in AI’ Award. This award is a tip of the hat to the impact women are making in the AI and related tech space in making it a level playing field. The recipients of the awards were:

  • Fatmah Alabdouli, Ministry of Energy & Infrastructure, UAE
  • Linoy Kidd, HSBC
  • Dr. Fatmah Baothman, AI Society
  • Dr. Christine Gulbranson, U+ Nova
  • Dr. Adhari Alzaab, Sultan Qaboos University
  • Debbie Botha, Women in AI
  • Dr. Eng. Suaad Alshamsi, Etihad Airways

The World AI Awards recognised the contribution of visionaries who have redefined the AI space in the MENA region and a testimony to their contributions and efforts for ushering a new era for artificial intelligence.

Here is the list of award winners:

  • Best AI Use-Case Award – Public Sector
    • Infrastructure: Hussein Abdulmuttalib, GIS Centre of Dubai Municipality
    • Education: Dr. Mohammed Khursheed Akhtar, King Abdulaziz University, Jeddah, KSA
    • Security & Law Enforcement: Dr. Ali Raza, Rochester Institute of Technology of Dubai
    • Energy & Utilities: Awad Al Sidiq, ADNOC Distribution
    • Project Implementation of the Year: Tipusultan Abdulkhader, Expo 2020
  • Best AI Use-Case Award – Private Sector
    • Healthcare: Veneeth Purushotaman, Aster DM Healthcare
    • Education: Krishnan Gopi, GEMS Education
    • Banking: Arun Mehta, First Abu Dhabi Bank
    • Financial Services: Gigi Mathew Thomas, Ittihad Investment
    • Manufacturing: Samit Jha, Petrochem Middle East
    • Retail: Jamal Chabaate, Majid Al Futtaim retail
    • Hospitality and Tourism: Vishal Anand, Jumeriah Group
    • E-Commerce: Namita Sharma, Mumzworld
    • MENA Digital Platform of the Year: Abdallah Abu Sheikh, Astratech
    • Best Project Implementation of the Year: Shahnawaz Ali, Abu Dhabi Islamic Bank
    • Most Popular AI Proponent: Shameed Sait, GEMS Education
    • Youth Award: Dr. Humaid Alshamsi, Abu Dhabi Police
  • Special Mentions
    • Banking: Aslihan Demiral, Mashreq Bank
    • Financial Services: Sachin Chandna, Emirates NBD
    • Manufacturing: Wissam Al Adany, Ades Holding, KSA
    • Retail: Arvind Gapa, Sharaf DG
    • Retail: Basit Wani, Abdul Latif Jameel Company
    • Hospitality and Tourism: Mohammad Qattash, Fairmont The Palm

About Trescon

Trescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership.

In line with this vision, you are invited to join these upcoming events:

– World AI Show at Singapore and Kingdom of Saudi Arabia

– World Blockchain Summit at Singapore and Dubai

Trescon is glad to announce a new event, Digital Acceleration and Transformation Expo (DATE) scheduled to take place in Delhi in November 2023 and Jakarta in 2024.

For more information, visit: https://www.tresconglobal.com/

For media inquiries and further information, please contact:
Nupur Aswani
Head – Media, PR and Corporate Communications
Trescon
+91 95559 15156
media@tresconglobal.com



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

HKTDC Design Gallery co-organises LoveHK exhibition with multimedia artist Agnes Pang

HONG KONG, Jun 19, 2023 – (ACN Newswire) – The HKTDC Design Gallery's annual LoveHK exhibition returns from tomorrow (20 June) to 9 July, displaying more than 60 artworks made from everyday waste items such as coffee filters, wine corks, egg cartons, vegetable and fruit nets and glass bottles at its Wan Chai CEC shop. The exhibition shows visitors the beauty of Hong Kong's landscapes and living scenes in a sumptuous visual feast in collaboration with multimedia artist Ms Agnes Pang on the theme A Green HK.
Collaborating with local multimedia artist Agnes Pang on the 'A Green HK' theme, the annual LoveHK
exhibition presents the beauty of Hong Kong's landscapes and living scenes, offering visitors
a sumptuous visual feast.


Upcycled artwork promotes green living

Hong Kong is a vibrant, multicultural international city where environmental consciousness gradually permeates peoples' lives. As an artist who has always been committed to promoting environmental art, Ms Pang uses innovative techniques to transform inconspicuous everyday waste materials into works of art, integrating her painting skills to present aspects of the city.

The exhibition comprises five sections.

1. Costal Landscape: Simple yet gentle brushstrokes on coffee-filter canvas capture the stunning scenery of Hong Kong's coastal areas, such as Sam Mun Tsai, Cheung Chau and Central.
2. Hong Kong Life: Coffee grounds are the primary medium to depict Hong Kong daily scenes such as cha chaan teng eateries, fish markets and meat stalls, conveying a strong sense of life that transports visitors to the bustling streets of the metropolis.
3. Walk & Sketch: Ms Pang likes to carry paper and pen and sketches wherever she goes – streets, alleys or tourist attractions.
4. Waterfront of Lantau: Wine corks express the natural texture of stones and soil, presenting beautiful Lantau Island scenery.
5. Hong Kong is My Home: Foam nets collage Hong Kong's skyline, with a background of blue skies and white clouds painted in acrylic, showing the unique cityscape.

Ms Pang hoped that while visitors appreciated the artwork, they could also feel her concern for and devotion to environmental protection and be inspired to go green. "I love the nature and humanity, and I am eager to educate others to cherish everything around us. While appreciating art, visitors can also appreciate the beauty of nature." Her works are rich in colour, innovative in concept and full of positive and optimistic thoughts. She often draws inspiration from daily life and nature. She likes to take walks and explore the surrounding environment, discovering interesting discarded materials and incorporating them into her art.

She explores new techniques and shapes whenever she begins to create a new artwork. In this exhibition; she will also display diversified artworks such as dim sum made from form nets, champagne cap and shell-made miniature chairs, and flowers made from plastic labels, creating a stunning visual effect.

Design Gallery's selected products

Under the LoveHK theme Ms Pang has especially handmade form-net baskets and greeting cards available for purchase at Design Gallery. The Wan Chai boutique is also offering a selection of Hong Kong-themed products, including EASTPRO PUBLISHER HONG KONG Kent Mok Hong Kong Devotion Photo Book,WHY NOT HONG KONG Hong Kong Sheung Wan Tram/ Kai Tak Plane Passport Holder and HONG KONG OAPES 925 Sterling Sliver Bauhinia Shaped Earrings with Enamel. During the exhibition period customers can enjoy an extra 15% discount on their entire purchase with a net spending of HK$400 (US$51) or more.

Redeem a free gift by posting on social media

During the exhibition, visitors who post a photo of any exhibit on Facebook or Instagram, and tag both the Design Gallery (@HKTDC Design Gallery) and Ms Pang (@Agnes Recycles) can redeem a handmade foam net keychain, or with net spending of HK$2,000 (after applying all discounts) to redeem a sketch of Hong Kong's scenery by her. Quantities are limited and available while stocks last.

HKTDC Design Gallery – LoveHK x Agnes Pang "A Green HK" Exhibition Details

Date: June 20 – July 9, 2023
Venue: G/F, Hong Kong Convention & Exhibition Centre, 1 Harbour Road, Wan Chai, Hong Kong
Opening hours: Monday – Sunday & Public Holidays: 10:30 – 19:30
Enquiries: +65 2584 4146 / 2584 4149
Website: www.hkdesigngallery.com
Facebook: www.facebook.com/HKTDC.DesignGallery
Photo download: https://bit.ly/3qUu2v3

Editor's Note: Interviews with Agnes Pang are welcome. Please contact the HKTDC Communications and Public Affairs Department for further arrangements.

About Agnes Pang

Agnes Pang is a local multimedia artist, educator and columnist with four degrees (BA, LLB, MBA & MAJSP), also known by her brand, Agnes Recycles. By working with disposable everyday objects, she creates vibrant, innovative, authentic, and colourful images of life. Her artistic genius has left its mark on many commercial and charity projects.

About HKTDC Design Gallery

Established by the Hong Kong Trade Development Council in 1991, the HKTDC Design Gallery's mission is to promote the creativity, innovation and excellence of Hong Kong products, including toys, watches, jewelry, electronics, household items, gifts and premiums, clothing, and accessories.

The Design Gallery provides consignment services to designers for entering the retail market at a low cost. Its showcase rental services offer an excellent platform for designers to establish their brand image, effectively attracting the attention of international buyers from exhibitions and opening up new markets. Its business matching services give free access to designers and international buyer information, facilitating cooperation and deals. Its gift procurement services search for the most suitable corporate gifts according to the enterprise's budget and needs.

The Design Gallery has two local branches located at the Hong Kong Convention and Exhibition Centre and Hong Kong International Airport respectively. To assist Hong Kong businesses in entering the mainland market, the Design Gallery has begun to develop in the mainland since 2009 and has established an online store in 2010. It is now operating e-commerce stores on "Taobao.com" and "JD International". HKTDC Design Gallery website: http://www.hkdesigngallery.com

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 & Public Affairs Department:
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

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

Darco’s Vietnam Clean Water Supply Project Commences Operations

SINGAPORE, Jun 19, 2023 – (ACN Newswire) – Darco Water Technologies Limited, a provider of integrated engineering and expertise-driven solutions for water treatment, wastewater management, clean water supply and vacuum solid waste management, announced the completion of the first phase of its water treatment and clean water supply project in Ba Lai district of Vietnam's Ben Tre Province, and the commencement of operations. It will supply 5,000m3 of clean water per day for up to 20,000 rural households. Upon completion of the second phase construction of the project in 2024, the plant will supply 15,000m3 of clean water a day to more households and industrial areas in the district of Ba Tri township and region of 15 communes in Ben Tre Province.

Grand opening ceremony of Darco Ba Lai Water Treatment Plant

Darco Ba Lai's donation of stationery supplies to 13 schools in 6 communes of Ba Tri District


The DBOO project is a joint venture (JV) with InfraCo Asia, a commercially managed infrastructure development and investment company of the Private Infrastructure Development Group (PIDG). On 17 June 2023, Darco and InfraCo Asia jointly organized a grand opening ceremony of Darco Ba Lai Water Treatment Plant to officially announce its commencement of operations. Distinguished guests at the event included the Chairman of the Ben Tre People's Committee, local government authorities, and representatives from the Singapore, Netherlands, and Australian Consulate Generals in Ho Chi Minh City.

The project has a 50-year lease from the Vietnam government commencing July 2017. According to the World Bank's Global Partnership for Results-Based Approaches (www.gprba.org), approximately 74% of the Vietnamese population is concentrated in rural areas, yet only 48% of households have access to clean water and must rely on polluted sources for basic household needs during the dry season." On 3 January 2022, Deputy Prime Minister, Mr Le Van Thanh, signed a decision approving the National Rural Clean Water Supply and Sanitation Strategy to supply 65% of rural residents with affordable clean water by 2030, and 100% of all rural residents by 2045. ( https://en.vietnamplus.vn/national-strategy-aims-to-provide-clean-water-to-rural-residents-by-2030/220029.vnp )

Darco's corporate ethos views ESG and CSR as inextricably tied to its business

The success of the Ba Lai project will showcase Darco's capabilities and present more opportunities for similar projects in Vietnam. However, Darco's Executive Chairman, Mr. Wang Zhi said, "More business is good for Darco, but we do not forget our commitment to give back to Society. We work hard to incorporate ESG and CSR initiatives into all our projects. We organized activities to interact with the local community and donated home and school supplies to the needy. There will be more to come."

InfraCo Asia's CEO, Ms. Claudine Lim said, "In partnering with Darco for the development of the Ba Lai project with, we found a partner with a complementary capability when it comes to technical skill sets and sector knowledge. Working together, we are proud to bring a water treatment plant online that will supply water to people in the surrounding communities, meeting international Health, Safety, Environmental, and Social (HSES) standards."

About Darco Water Technologies Limited

Darco Water Technologies Limited ("Darco" and with its subsidiaries "the Group") was founded in 1999 and listed on the Singapore Exchange in 2002. Darco is a provider of integrated engineering and expertise-driven solutions for water treatment, wastewater management, clean water supply and vacuum solid waste management. It has a well-established presence in China, Malaysia, Singapore, and Vietnam, with a track record of projects delivered on time, on budget, and with high quality. Darco's scope of work includes design, fabrication, assembly, installation, and commissioning, as well as Design, Build, Own, Operate ("DBOO") projects. The Group generates additional revenue from post-EPC ("Engineering, Procurement, and Construction") maintenance services, which are supported by the service centres of its trading division, which supply essential chemicals and other products required for maintenance servicing. For more information, please visit www.darcowater.com.

About InfraCo Asia and The Private Infrastructure Development Group (PIDG)

InfraCo Asia is a commercially managed infrastructure development and investment company of the Private Infrastructure Development Group (PIDG). Headquartered in Singapore, InfraCo Asia catalyses greater private sector investment in infrastructure across South and Southeast Asia by providing funding and development expertise. InfraCo Asia funds early-stage development activities to realise socially responsible and commercially viable infrastructure that contributes to sustainable and inclusive economic growth. InfraCo Asia is currently funded by four members of PIDG – the governments of the United Kingdom, the Netherlands, Switzerland and Australia. For more information, please visit www.infracoasia.com

The Private Infrastructure Development Group (PIDG) is an innovative infrastructure project developer and investor which mobilises private investment in sustainable and inclusive infrastructure in sub-Saharan Africa and south and south-east Asia. PIDG investments promote socio-economic development within a just transition to net zero emissions, combat poverty and contribute to the Sustainable Development Goals (SDGs). PIDG delivers its ambition in line with its values of opportunity, accountability, safety, integrity and impact. Since 2002, PIDG has supported 190 infrastructure projects to financial close which provided an estimated 220 million people with access to new or improved infrastructure. PIDG Technical Assistance (TA) can provide technical assistance and capital grants to the PIDG companies to meet a range of needs associated with an infrastructure project's life-cycle. PIDG TA can also provide up-front viability gap funding grants to support PIDG projects that require concessional funding to make a project with strong development impact financeable. PIDG is funded by the governments of the United Kingdom, the Netherlands, Switzerland, Australia, Sweden, Germany and the IFC. For more information, visit www.pidg.org.

Issued on behalf of Darco Water Technologies Limited
By Waterbrooks Consultants Pte. Ltd. https://www.waterbrooks.com.sg/

For media enquiries, please contact:
Wayne Koo
+65 9338 8166
wayne.koo@waterbrooks.com.sg

Calvin Soon
+65 9199 0841
calvin@waterbrooks.com.sg

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

Wuling Motors Has Formed the Export Layout of Three Major Developed Markets of the United States, Japan, and Europe

HONG KONG, Jun 19, 2023 – (ACN Newswire) – Wuling Motors (00305.HK) has once again expanded the new energy business of a city and deeply participated in global competition!

On June 8, 2023, Liuzhou Wuling New Energy Automobile Co., Ltd. (hereinafter referred to as "Wuling New Energy"), the associated company of Wuling Motors, held the E-BOX M Release Ceremony of Cooperation Project and the First Batch Delivery to Europe with FEST Europe. The first batch of new energy battery electric logistics vehicles developed and produced by Wuling New Energy were officially delivered to FEST and entered the European market.

It is reported that the E-BOX M pure electric logistics vehicle of Wuling Motors has passed the EU E-mark certification for complete vehicles and parts, and obtained the WVTA certificate. The vehicles are equipped with efficient motors and high-performance batteries according to the targeted needs of the European market. It is powerful, lightweight and durable, and offers lasting performance. Meanwhile, it has a large loading space and can run fast, fully meeting the distribution needs of local warehousing and distribution in Europe and urban end logistics. At the same time, it is environmentally friendly and economical, which can save 3,972 euros per year while reducing carbon dioxide emissions.

In the past decades, overseas markets have been dominated by European, American, and Japanese brands for a long time. However, with the rapid rise of China's new energy vehicle brands, brand barriers in overseas markets are gradually breaking down. This is also confirmed by the increase and growth speed of China's new energy vehicle overseas sales in recent years. The overseas market contains huge market potential, which is a market from 0 to 1, and also a very good opportunity for the globalization of China's automobile brands.

Facing the tide of the times, Yuan Zhijun, Chairman of board of directors of Wuling Motors, said that the Group will seize the opportunity of transformation to new energy and accelerate the development of new energy vehicle industry. Especially through investment in Wuling New Energy, the Group's new energy vehicle business segment will be built to accelerate development.

As an important layout of Wuling Motors in the new energy vehicle industry, Wuling New Energy has advanced and large-scale production facilities covering an area of about 550,000 square meters. It adopts advanced technology construction in China's automobile industry and installs advanced automatic production line to carry out welding, painting, final assembly, and other production procedures required for producing new energy vehicles, with an annual capacity of 200,000 units.

With the continuous improvement of Wuling Motors' technical level and insight into user needs, Wuling Motors' related new energy vehicle products have also been unanimously recognized and have entered the market of traditional automobile powers for many times.

For example, as early as September 26, 2021, more than 130 Wuling EV50 new energy logistics vehicles were shipped to North America at Yantai Port. The first "going global" won a good reputation in developed countries, which also became the first successful demonstration of China's logistics vehicle products "going global".

In January 2022, a cooperation framework agreement was signed with Japan ASF at the RCEP Business Leaders Forum, which opened RCEP's first batch of Guangxi orders. On February 28 this year, the project was officially launched and the first batch of products were officially delivered in batches, successfully achieving mass production and launching, and moving towards the goal of 100,000 vehicles within 5 years. This is also the first time that Guangxi's new energy vehicles have been sold in Japan.

In August 2022, Wuling New Energy signed a cooperation framework with FEST to give full play to its rich vehicle manufacturing experience and manufacturing advantages in the whole supply chain according to the needs of the European market and FEST, so as to rapidly promote project cooperation. On June 8, 2023, Wuling New Energy successfully delivered the first batch of vehicles ordered and officially released E-BOX M to the world. Earlier, when E-BOX M was promoted in Europe, it received a strong response from overseas markets. Many world-class enterprises including Amazon, Coca-Cola, Carrefour, France Post, and Chile Post paid attention to this product.

Yuan Zhijun said that at present, Wuling Motors has formed an export mode of three major economically developed markets of the United States, Japan, and Europe, which lays a good foundation for its products to go global. As an important participant in the production and consumption market of new energy vehicles, Wuling Motors will also closely follow the China's "dual carbon" goal policies and market trends, continue to increase the layout of the new energy vehicle industry, and continuously invest in R&D production capacity. It is hoped that with continuous efforts, the proportion of Wuling Motors' new energy business will further increase and eventually reach 50%. Of course, to achieve such a goal, it is also necessary to work with more overseas partners to jointly promote the popularization of new energy vehicles worldwide.


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