HKTDC Export Index 2Q23: Exporter confidence hits two-year high

HONG KONG, Jun 13, 2023 – (ACN Newswire) – The HKTDC Export Index rose 8.8 points to 47.8 in the second quarter this year, showing better business sentiment among Hong Kong exporters after Mainland China's borders reopened and business activities return to normal.

HKTDC Director of Research Ms Irina Fan [L] and Senior Economist Ms Cherry Yeung [R] announced
the HKTDC Export Index for the second quarter of 2023 at a press conference today.

All major industries and export markets rallied except for clothing, with toys (55.4, up 7.5 points) and machinery (50.3, up 7.4 points) moving above 50 into expansion territory while, among markets, the European Union (51.4, up 9.4 points) and United States (51.1, up 6.7 points) turned positive for the first time in five years.

Based on a quarterly Hong Kong Trade Development Council (HKTDC) survey of 500 exporters from six major industries – machinery, electronics, jewellery, timepieces, toys and clothing – the index at above 50 indicates an optimistic outlook, and below 50 pessimistic.

Export outlook upbeat

HKTDC Senior Economist Ms Cherry Yeung said three new sub-indices – inventory (48.5), current new orders (45.1) and expected new orders (53.6) – provided a more comprehensive exporter sentiment picture. Respondents – especially those from toys, timepieces and machinery sectors – expected strong growth in new export orders in July-September.

The profitability outlook improved as more respondents (66.3%, up 15.3 percentage points from the final quarter of last year) expected higher or stable net profit margins for this year.

"Against this backdrop, the city's exporters have adjusted their business strategies, shifting the focus from cash-flow management to spending more resources on marketing, promotion and business matching (41.6%, up 11.7 percentage points from previous quarter) and diversifying sales into additional overseas markets (31.1%)," Ms Yeung said.

All sub-indices rise

Other sub-indices grew this quarter with the Trade Value Index and Employment Index edged up 0.8 point to 48.8 and 0.5 point to 48.1 respectively, while the Procurement Index leapt 15.9 points to 44.3.

The Offshore Trade Index, which tracks sentiment around shipments not passing through Hong Kong but managed by businesses within the city, soared 18.5 points to 46.5, "signalling a sustained recovery in demand for Hong Kong's trading services", Ms Yeung added.

Growing economic risks

The survey results also revealed a slower-than-expected recovery of cargo routed through Hong Kong. Only 13.4% (down 23.1 percentage points from previous quarter) of related respondents expected an increase this year. As of last month, the number of cross-boundary vehicles at all crossings for goods vehicles and containers reached a plateau at about 60% of the pre-pandemic level. Some industry players said reduced capacity had raised cross-border logistics costs between 20% and 30% from pre-pandemic levels, slowing the recovery.

The biggest risk was seen as an external one, with most respondents (66.1%, up 29.9 percentage points from the final quarter last year) recognising an economic slowdown or recession in overseas markets as the top challenge to export performance over the third quarter this year.

Sustained recovery

Affected by weakened global demand, a slower-than-expected recovery in cross-border land transport capacity, coupled with a longer-than-expected downcycle in the electronics sector, Hong Kong's total exports fell 16.5% year-on-year in the first four months of this year. Among markets, the Middle East grew 11.5%, driven by the two economies' closer economic and trade ties. Stimulated by a post-pandemic spike in demand in Mainland China and Macao, Hong Kong's precious jewellery exports to the two markets surged 32% and 42% respectively.

HKTDC Director of Research Ms Irina Fan said the recovery was gathering momentum for the second half of this year which was likely to carry into next year. "However, traders remain cautious, with many concerned about the challenging external backdrop. The risk of escalating geopolitical tensions, may create uncertainties for electronics trade flows throughout the region, especially those relating to the semi-conductor industry," she said.

Taking all these factors into account, HKTDC Research has revised its forecast for Hong Kong export growth this year down from earlier estimate of 5% to between 0% and 2%.

References
– HKTDC Research website: http://research.hktdc.com/
– HKTDC Export Index 2Q23: Confidence at Two-Year High https://bit.ly/3Nk5wfP
– 2023 Mid-Year Export Review: Recovery Set to Accelerate in the second half https://bit.ly/42Ay2y2
– Photo download: https://bit.ly/3Ce0P0A

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
Please contact the HKTDC's Communication and Public Affairs Department:
Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org

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

Top officials from GovTech Singapore, Procter & Gamble, DHL, Mercedes Benz and many others to speak at BYTES

Singapore, Jun 13, 2023 – (ACN Newswire) – Standing at the cusp of numerous digital transitions and technological advancements, Singapore has realized the deep potential of Big Data Analytics (BDA) and AI. The country is witnessing a growing trend among the public & private sector to incorporate these emerging technologies and improve business function.

While these domains are fairly new for a majority of the companies, there is a growing consensus to procure solutions from the best technology providers. Paying heed to the above developments, BYTES, Big Data Analytics & AI Summit is coming to Singapore on 25 – 26 July 2023 at Sands Expo & Convention Center.

To present the latest developments, cutting-edge solutions, use cases, case studies and a lot more from the BDA and AI space, the top officials from Singapore's leading organisations will take the centre stage at the event.

Some of the top names include: Sachin Tonk (Deputy Chief Data Officer, Govtech Singapore); Christelle Young (Chief Data & Analytics Officer, Loreal Pte Ltd); Bryan Tan (Group Chief Scientist, Carro); Vikram Bansal (Director, GBG Marketing Science, Global Agency, Global Client Category and GBG Scaled APAC, Meta Singapore Pte Ltd); Jerry Ping (Vice President, SGX Group); Michael Andrew (Head of Data Analytics, Zuellig Pharma); Siew Kit Lee (Vice President – Technology & IT, Singapore Cruise Centre Pte Ltd); Prerit Mishra (Director, Applied Analytics, DHL); Nitish Ramkumar (Principal Data Scientist, London Stock Exchange Group); Lim Wei Ming (Head of Data Architecture, Group Technology Architecture, OCBC Bank); Milind (Data Science Product Owner and AI Specialist, Mercedes Benz) and many others.

The Chief Data & Analytics Officer for L'Oreal South Asia Pacific Middle East North Africa (SAPMENA), Christelle Young while confirming her participation as a speaker gave an insight on the growth of these industries, "The growth of Big Data and AI is fast, and it will touch nearly every corner of economies and enterprises, especially customer experiences. When things are racing so quickly, only the trained professionals know how to stay in the race. At L'Oreal, all employees in the SAPMENA Zone are being upskilled on data, and we continue to invest in our drive to be the leading beauty tech company."

Singapore's data usage is set to quadruple by 2030 wherein usage of data services by businesses is forecasted to reach SGD 13 billion. It's perhaps the reason why the island country houses the operational base for over 7,000 MNCs. The rampant growth of industries like Big Data Analytics (BDA) and Artificial Intelligence (AI) have thus become an obvious outcome, which are leveraging the massive volumes of data being generated every day.

To project the numerous developments in the industry some of the key topics from the summit include, "Data Analytics and AI in Government", "Data Virtualization", "DataOps-Centered Engineering", "Analytic Process Automation", "Automating the Data to Insights journey with AI, ML and NLP for Enterprises in the Era of Digital Businesses", "Big Data and AI: Shaping Singapore's Digital Future by Unveiling New Insights & Opportunities", and many more.

Even the Vice President for Technology & IT at Singapore Cruise Centre Pte Ltd, Siew Kit Lee, another key speaker for the event expressed the importance of the platform, he said, "Each of us has a lot of data that we collect, use, and keep for our own purposes. However, in a connected world, we need to be able to share data and information readily amongst eco system partners to allow all of us to be more empowered, proactive, and intimate in providing better services to our customers and higher returns to our stakeholders."

While on one side the summit will facilitate a conference with a precisely curated agenda featuring sessions from industry's topmost thought leaders, on the other side it will feature an exhibition with the latest products and solutions, showcased by the most promising solution providers.

This multidimensional approach is what's luring the top profiles from these industries to take part in the summit as there is room for plentiful networking and collaboration opportunities through various channels.

Organisations like Amplitude, Fivetran, SingleStore, Alation and OpenText Vertica have already capitalized on the opportunity by reserving their speaking slots and prime exhibition spaces to showcase their best to the entire community.

About Tradepass

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

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

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

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

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

Retail Industry and Experts from Asia Celebrate the Success of Retail Industry in Singapore

SINGAPORE, Jun 13, 2023 – (ACN Newswire) – The recently concluded Etail- Asia's Premier e-commerce and digital marketing retail summit, hosted by Worldwide Business Research (WBR), held on June 6-8, 2023 exceeded all expectations, attracting industry leaders, visionaries, and retail enthusiasts from around the globe. WBR started the eTail conversation in 1999 to create an impactful retail community. Since then, this platform has been fortunate to collaborate with thousands of retailers – from massive Fortune 500 institutions to small, scrappy startups – to deliver tangible and lasting growth to over 20,000 retail leaders. The country simultaneously witnessed another retail gathering Phygital Sundowner which was held on 7th June '23 at Osia Steak, Resorts Sentosa World.

Etail Conclave 2023 and Phygital Sundowner witnessed an exceptional turnout, with participants representing various organizations, including established retail giants, innovative startups, and influential thought leaders. The platforms served as a dynamic stage for exchanging insights, fostering new connections, and collectively shaping the future of retail.

Harshavardhan Chauhaan, VP, Chief Marketing & Omnichannel Officer – Spencer's Retail & Nature's Basket, delivered an inspiring keynote at Etail Asia along with other esteemed industry experts, shedding light on the latest trends, challenges, and opportunities within the retail landscape. His thought-provoking vision for the industry left attendees inspired and equipped with valuable insights to drive their businesses forward. With a background in Computer Science Engineering and a track record of two decades of success in retail, eCommerce, and consumer business, Harshavardhan's keynote presented a wealth of experience and a clear vision to revolutionize the sector.

Harshavardhan quips, "Etail Conclave 2023 and Phygital Sundowner surpassed my expectations, and we are thrilled with the positive response it has received. Events like these are the need of the hour as they provide a platform for industry leaders, innovators, and retail enthusiasts to come together and shape the future of retail."

The conclave (Etail) featured a series of interactive panel discussions led by industry veterans, covering a wide range of topics, including digital transformation, sustainable practices, experiential retail, and consumer behaviour. Attendees actively participated, sharing their experiences, perspectives, and best practices, resulting in lively and productive discussions. Attendees at Phygital Sundowner had an opportunity to explore and experience first-hand the latest advancements shaping the retail industry, creating a truly immersive and inspiring environment.

Harshavardhan adds, "Sustainability lies at the core of my vision for South Asia's retail industry. I strongly recommend eco-friendly practices, reduced carbon footprint, and ethical sourcing and production. By encouraging retailers to embrace sustainable materials, energy-efficient operations, and responsible waste management, I aim to build an environmentally conscious and socially responsible ecosystem. Both the events had an extensive networking opportunity, enabling attendees to connect with like-minded professionals, forge valuable partnerships, and explore collaborative ventures."

About Mett.ai

Mett.ai is a dynamic and forward-thinking integrated 360 degree communications firm that is redefining the industry through innovative strategies and cutting-edge approaches in Asia. Based out of Singapore as a modern communications consultancy, we understand that the media landscape is rapidly evolving, and we are dedicated to staying ahead of the curve to ensure our clients' success.

At Mett.ai we pride ourselves on our ability to seamlessly blend traditional communications practices with an emerging digital trends. Our team of experienced professionals brings a wealth of expertise and a fresh perspective to every client engagement. We thrive on creativity, strategic thinking, and a deep understanding of our clients' goals, enabling us to deliver exceptional results that drive brand awareness, reputation enhancement, and increased visibility.

For more information, visit www.Mett.ai.

For further details contact:
Mett.ai Communications PTE Ltd
ganesh@mett.ai
M (+65) 9779 1286

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

FTSE-250 CMC Markets Invests in StrikeX Technologies, Cementing Strategic Partnership to Revolutionise the Digital Asset Industry

LONDON, Jun 13, 2023 – (ACN Newswire) – StrikeX is thrilled to announce the successful completion of an investment and strategic partnership with CMC Markets, an award-winning* FTSE 250 financial services provider. CMC Markets has acquired a 33% stake in StrikeX Technologies, with two of its senior executives being welcomed to the StrikeX board, bringing with them a wealth of expertise and experience. This is a significant milestone for both companies and the digital asset industry as a whole. By combining StrikeX's expertise in tokenisation and self-custody technologies with CMC Markets' extensive experience in financial services, both companies are now well-positioned to transform the way people and businesses invest in digital assets.

StrikeX & CMC Markets partnership

Joe Jowett, StrikeX CEO and Co-Founder, expressed his excitement for the deal and the potential it holds, saying:

"Our partnership with CMC Markets will bolster our position as early frontrunners in this dynamic and fast-moving industry, whilst validating our long-term vision and strategy. We strive to pioneer the delivery of traditional financial instruments, such as equities, commodities and bonds to the blockchain, whilst guaranteeing security, compliance, and ease of access via intuitive, secure, and user-friendly products. We are excited by the opportunity this partnership brings and we look forward to sharing more updates as we continue to grow and innovate."

Lord Cruddas, CMC's founder and CEO, added:

"This is a major strategic investment in the growing Web 3.0 technology space of which StrikeX Technologies gives us access to the very best technology and advancements. StrikeX is a brilliant, young, dynamic company, with a very talented team that has its finger on the pulse of fast-moving technologies. We are all very excited about working together as we continue to diversify our business with the latest technology, products and wallet settlement."

* No1 Platform Technology Forex Brokers 2022
* Best White Label Provider B2B Global Forex Awards 2023
* No1 Web platform Forex Broker Awards 2023

CMC Markets Plc ("CMC"), whose shares are listed on the London Stock Exchange under the ticker CMCX (LEI: 213800VB75KAZBFH5U07), was established in 1989 and is now one of the world's leading online financial trading businesses. The Group serves retail and institutional clients through regulated offices and branches in 12 countries, with a significant presence in the UK, Australia, Germany, and Singapore. CMC offers an award-winning, online, and mobile trading platform, enabling clients to trade up to 10,000 financial instruments across shares, indices, foreign currencies, commodities, and treasuries through contracts for difference ("CFDs"), financial spread bets (in the UK and Ireland only) and, in Australia, access stockbroking services. More information is available at https://www.cmcmarkets.com/group/.

StrikeX Technologies was founded in early 2021 and is developing a suite of user-centric and innovative blockchain solutions, from web3-enabled software to pioneering advancements in tokenisation technology. Learn more about StrikeX and its subsidiaries at https://strikex.com and https://tradestrike.io.

Contact Information
Joe Jowett
CEO & Co-Founder
press@strikex.com

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

Redmatter.Capital Deploys PlatoAi across its Web3 Content and Data Intelligence

Podgorica, Montenegro, Jun 12, 2023 – (ACN Newswire) – Redmatter.Capital, a fully regulated platform digital assets, today announced the successful deployment of PlatoAi's Ai Powered Web3 Intelligence inside the Redmatter Platform.

The result of this successful deployment stemmed from a strategic partnership between the two companies with a collective vision and deep commitment towards driving commercial adoption and regulatory compliance of Digital Assets.

Through this deployment Redmatter's community of users will immediately benefit by accessing the latest premium intelligence across the digital asset sector including Web3, NFT's, Trading and Carbon Offsets. Both companies plan to deliver a wide range of embedded data products related to Ai Driven Analytics built into the vertical data intelligence using Plato's content distribution and syndication network.

"Redmatter is all about driving authentic connectivity to the digital assets it currently supports. Plato's expertise in this area is an invaluable resource for accelerating our plans for 2023 and beyond. We are excited to take part in building what we believe will deliver high value to our community and beyond," said Prem Couture, Redmatter's Founder and CEO.

"We are excited to work with Redmatter and see a perfect fit for our Ai capabilities across Redmatter's entire ecosystem. Driving authentic engagement and insights around the intelligence our engine produces was a driving force behind the integration into PlatoAi.Redmatter.Capital," said Bryan Feinberg, Plato's Founder and CEO.

Via the partnership, Plato's was able to quickly integrate its intelligence engine to help Redmatter achieve maximum reach and organic. The partnership promises deep value across each company's respective platforms and ecosystems and will leverage both Plato's and Redmatter's extensive blockchain expertise in designing innovative solutions using blockchain. Rematter users will benefit from Plato's Ai curation as way to both engage and educate the expanding role digital assets are playing in across the world of decentralized finance

About Redmatter Capital (https://Redmatter.Capital)

Redmatter Capital is a regulated platform for issuing and trading in multi-class, asset backed digital securities. For partners, Red Matter is offered as a white label platform for managers to create innovative, high yielding financial products, that include tokenized bonds, structured products, private equity, commercial paper, private assets and more. For issuers, Red Matter offers a zero up-front cost to issue and trade tokenized securities under its regulatory license, along with dashboards, analytics, token management, multi-wallet support, on and off fiat-crypto payment rails and more. For traders, Red Matter's Decentralized Exchange, reduces the risks of impermanent loss from tokens staked to real world assets while allowing anyone to invest in public and private securities.

About Plato (https://Platodata.Network)

Plato is an Ai powered content and syndication network that curates the latest in data intelligence across today's most innovative market verticals. The platform is designed to provide and ultra-safe and secure environment to consume sector specific real-time data intelligence while delivering fully secured Web3 connectivity across 32 market verticals and 32 languages. Amplifi, Plato's in-house syndication network currently syndicates content and press release's electronically to over 1900+ Publisher websites for deep and authentic connectivity.

Media Contacts:
Prem Couture
CEO & Founder
prem@redmatter.capital

Plato Data Intelligence
Bryan Feinberg
CEO / Founder
zephyr@platodata.io

Source: Plato Data Intelligence (https://Platodata.io)

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

SinoMab Submits another IND Application for SM17 for the Treatment of Atopic Dermatitis, Which was Accepted by NMPA CDE

HONG KONG, Jun 12, 2023 – (ACN Newswire) – A Hong Kong-based biopharmaceutical company dedicated to the research, development, manufacturing and commercialization of therapeutics for the treatment of immunological diseases – SinoMab BioScience Limited (Stock Code: 3681.HK, "SinoMab" or the "Company"), is pleased to announce that an Investigational New Drug application ("IND") for SM17, a humanised anti-IL-17RB monoclonal antibody for injection, for atopic dermatitis ("AD") , has been filed with and accepted by the Center for Drug Evaluation ("CDE") of the National Medical Products Administration of China ("NMPA"). The present IND submission, once granted, will enable the Company to conduct comprehensive clinical development program in China which leads to indication for treatment of AD.

SM17 is a humanized, IgG4-k monoclonal antibody targeting IL-17RB, which is a global first-in-class monoclonal antibody drug targeting IL-17BR with the potential for treating atopic dermatitis, asthma, idiopathic pulmonary fibrosis and other immunological disorders. The IND is mainly for the treatment of AD, and the Company will initiate a Phase I clinical study in China upon approval of the present IND.

SM17 could suppress Th2 immune responses by binding to IL-17RB on Type 2 Innate Lymphoid cells (ILC2s) and Type 2 helper T (Th2) cells, blocking a cascade of responses induced by interleukin-25 (IL-25). IL-25 is a critical cytokine classified as "alarmin", which has shown to be implicated in the pathogenesis of autoimmune and inflammatory skin diseases, especially for AD. Around the globe, about one-fifth of the population were affected by AD at a certain stage of life, especially during the period of children. The condition is extremely volatile and can be difficult to be totally cured. It significantly reduces the quality of life of patients, and requires highly effective products to make up for unmet medical needs.

As a long-standing chronic disease, new cases of AD are growing rapidly in China with broad market potential. According to Frost & Sullivan, there were approximately 65.7 million AD patients in China in 2019 and is expected to grow to 81.7 million in 2030, and 30% of which will be moderate-to-severe patients. China's AD medicine market was US$600 million in 2019, and is expected to grow to US$1.5 billion in 2024, and is expected to increase to US$4.3 billion in 2030, indicating a considerable market size. We expect that targeting upstream mediators of the Th2 inflammatory cascade, such as IL-17RB, will have a broad effect on skin inflammation. Coupled with the vast market potential of AD market and the lack of effective treatment methods, it is believed that the research and development of its treatment has market potential.

The Company is also committed to advancing multiple indications studies for SM17, laying a foundation for proof of concept and drug launches. In the United States, as early as March 2022, SM17's IND application for the treatment of asthma was approved by the U.S. Food and Drug Administration ("FDA"), and the first healthy subject had been successfully dosed in a Phase I clinical First-in-Human("FIH") clinical trial in June 2022. Since then, none of the subjects reported a serious adverse event. At present, we are in full steam ahead to accelerate the progress of our clinical study, and expect the Phase I clinical study can be completed by the end of this year, six months ahead of the original anticipated completion date. In China, in addition to the acceptance of the application of SM17 for the treatment of AD, the new drug application for the treatment of asthma was also accepted by NMPA CDE on May 19 this year. If approved, the phase I clinical trial will be accelerated.

Dr. Shui On LEUNG, Executive Director, Chairman and Chief Executive Officer of SinoMab said that, "As a global first-in-class humanised IgG4-k monoclonal antibody targeting IL-17RB, SM17 has made good progress in several new drug research with the Company's proactive progress. The acceptance of the new drug application for SM17 not only helps the Company to carry out the clinical research and development project for the treatment of AD in China, but also reflects the high efficiency of the research and development of new drugs. The Company is confident in the significant clinical trial and commercial development prospects of the new drug of SM17, and expects that the new treatment option will benefit more Chinese patients in the future, to jointly write a new chapter in the treatment of AD. In addition, the Company will continue to insist on independent innovation, strive to improve the research of new drugs, continuously expand the indication population, and provide more effective treatment solutions for patients in China and worldwide with no efforts, with an aim to become a global leader in innovative therapies for immunological diseases."

About SinoMab BioScience Limited
SinoMab BioScience Limited is dedicated to the research, development, manufacturing and commercialization of therapeutics for the treatment of immunological diseases. The R&D headquarters is located in Hong Kong and the production base is located in mainland China. The Company's flagship product SM03 is a potential global first-in-target mAb against CD22 for the treatment of rheumatoid arthritis (RA) and has completed the Phase III clinical trial for rheumatoid arthritis in China, which has been recognized as one of the significant special projects of Significant New Drugs Development of the Twelfth Five-Year Plan Period and the Thirteenth Five-Year Plan Period. In addition, the Company possesses other potential first-in-target and first-in-class drug candidates, some of which are already in clinical stage, with their indications covering rheumatoid arthritis (RA), Alzheimer's disease, systemic lupus erythematosus (SLE), pemphigus (PV), multiple sclerosis (MS), neuromyelitis optica spectrum disorder (NMOSD), non-Hodgkin's lymphoma (NHL), asthma, and other diseases with major unmet clinical needs.

This press release is issued by Financial PR (HK) Limited on behalf of SinoMab BioScience Limited. For further information, please contact:

Financial PR (HK) Limited
Contact: Ms. Chloe Chiu / Ms. Serena Zhang / Ms. Cita Zhang / Ms. Willa Xue
Email: sinomab@financialpr.hk
Tel: (852) 2610 0846
Fax: (852) 2610 0842

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

Doubleview Gold Corp. Provides Drilling Update on Hat Project Exploration

Vancouver, BC, Jun 12, 2023 – (ACN Newswire) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (GERMANY: A1W038) (referred to as the "Company" or "Doubleview") is pleased to announce recent progress at its Hat Project. Following the Company's winter program of data compilation and interpretation, and a spring program of camp improvements, a series of drill holes are being directed to parts of the main Lisle Zone. Thus far, drill holes H052 and H053, located in the middle-west part of the deposit have been completed. These holes were positioned to confirm continuity within that area and were successful in validating our model. Both drill holes intersected sulphide mineralization, including sections of very strong chalcopyrite and very strong pyrite mineralization that has historically been associated with significant gold content.

Holes H052 and H053 were drilled from the same collar location as holes H049, H050, and H051. H052 was drilled at azimuth 135 degrees, dip -60o and total length 540 m; hole H053, at 105o, dip -70o and total length 441 m. These drill holes encountered chalcopyrite, pyrite and magnetite and confirm the west continuity of the Lisle Zone. Drill cores are being processed at the HAT camp and core samples will be transferred to Dease Lake and securely trucked to an accredited laboratory located in North Vancouver, British Columbia for expedited analysis.

Farshad Shirvani, Doubleview President and CEO commented "The current drill program is designed to maximize the results and quality of the NI43-101 resource estimate that is currently in progress for the HAT deposit."

Mr. Shirvani stated, "Many countries around the world are increasingly seeking critical metal supplies from North America, where high demand and an impending shortage have been predicted. Notably, the United Kingdom and South Korea have demonstrated their interest in securing these critical metals from the United States and, and the Government of British Columbia respectively, signifying the anticipated surge in market demand."

"Doubleview's Hat project is endowed with a substantial number of these critical metals, which places Doubleview and our investors in a truly advantageous position."

The Company's exploration program continues, and updates will be provided as further information becomes available.

https://images.newsfilecorp.com/files/8003/169570_f177f704d4770b2c_001full.jpg

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (GERMANY: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company's portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:
Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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

China Medical System: The first ‘Diazepam Nasal Spray’ Approved for Marketing in China

l CMS is pleased to announce the NDA of the first Diazepam Nasal Spray has been approved for marketing in China. The Product can meet current clinical needs for accessible and convenient treatment option of domestic epilepsy patients 6 years of age and older with seizure clusters/acute repetitive seizures. The Product can be administered at anytime and anywhere, and has the differentiated advantage of seizure rescue, with the characteristic of convenience and optimization through intranasal administration

l The Product’s formulation incorporates a unique combination of Vitamin E-based solvents and Intravail^® absorption enhancer, and the Product has high bioavailability, outstanding absorbability, tolerance and reliability

l In 2023, CMS’s innovation development is stepping into a new cycle of harvesting, and the Product is CMS’s third innovative drug approved for marketing in China this year

SHENZHEN, CHINA, June 12, 2023 – (ACN Newswire) – On June 12, China Medical System Holdings Limited (“CMS” or the “Group”) announced that on June 7 2023, the New Drug Application (NDA) of Diazepam Nasal Spray (the “Product”) received approval from the National Medical Products Administration of China (NMPA). The Product is the first diazepam nasal spray in China, and it is indicated for the acute treatment of intermittent, stereotypic episodes of frequent seizure activity (i.e. seizure clusters, acute repetitive seizures) that are distinct from a patient’s usual seizure pattern in patients with epilepsy 6 years of age and older.

The Product is a proprietary formulation of diazepam administered through the nasal mucosa, and has high bioavailability, outstanding absorbability, tolerance and reliability. Product formulation incorporates a combination of Vitamin E-based solvents and Intravail^® absorption enhancer. Intravail^® transmucosal absorption enhancement technology enables the non-invasive delivery of a broad range of proteins, peptides and small-molecule drugs.

The results of the Product’s US related clinical trial showed that 87% of seizure cluster episodes used a single dose of the Product over a 24-hour period. A post hoc analysis of these data showed the Product had a rapid onset of action with the median time from administration of the Product to seizure cessation of 4 minutes. Further analyses showed using the Product as intermittent rescue therapy significantly improves the quality of life of epileptic patients and may reflect a beneficial effect in increasing time between seizure clusters. In 2020, the Product was approved for marketing in the United States of America.

The active pharmaceutical ingredient of the Product is Diazepam, belonging to the class of benzodiazepines, which are the first-choice drugs for the treatment of seizure clusters. However, there has been a lack of drugs for the treatment of seizure clusters in the China. The Product is the first drug approved in China for the treatment of seizure clusters. It can be administered intranasally at the appropriate time by patients or their caregivers under prescription from a doctor and guidance from medical staff. The Product can meet current clinical needs for accessible and convenient treatment option of domestic epilepsy patients with seizure clusters. The Product can be administered anytime and anywhere, and has the differentiated advantage of seizure rescue, with the characteristic of convenience and optimization through intranasal administration.

CMS has always focused on unmet clinical needs, and joined hands with global innovation forces to build a pharmaceutical innovation ecosystem in an open and collaborative setting, to continuously develop differentiated innovative products for patients. Starting from 2023, CMS’s innovation development is stepping into a new cycle of harvesting. Diazepam Nasal Spray is CMS’s third innovative drug approved for marketing in China this year, following the approval of Methotrexate Injection and Tildrakizumab Injection. CMS will steadily prepare for the commercialization of innovative products to benefit more patients in China as soon as possible.

Seizure Clusters/Acute Repetitive Seizures

According to the clinical diagnosis and treatment guidelines epilepsy volume (revision in 2023), seizure clusters/acute repetitive seizures are defined as ≥3 seizures/24h for adults, ≥3 seizures/12h for children, ≤8h between each seizures, and the consciousness returning to normal level between the two seizures. Seizure clusters are common in certain epilepsy syndromes, menstrual seizures, and drug-refractory epilepsy. If not treated in time, some will develop into status epilepticus, endangering the lives of patients.

According to estimation, there are about 6.4 million active epilepsy patients in China, and about 0.3 million new cases reported each year. However, due to a lack of proper awareness towards epilepsy and limited medical resources, the current treatment gap for patients with active epilepsy in China is 49.8%, based on which it is estimated that about 3 million patients with active epilepsy in China have not received appropriate treatment. At present, there is still a lack of epidemiological research on seizure clusters in China. According to overseas studies, the rate of outpatient incidence of seizure clusters is about 15% and therefore it is estimated that nearly 500,000 patients with active epilepsy receiving regular treatment still have seizure clusters.

For further detailed information regarding Diazepam Nasal Spray, please see the following link for “Voluntary and Business Update Announcement: New Drug Application of Diazepam Nasal Spray Approved in China” issued by CMS on June 12, 2023: https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0612/2023061200453.pdf

About CMS

CMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet healthcare needs. In 2022, the Group recorded a turnover of RMB9,150 million; in the case that all medicines were directly sold by the Group, the turnover reached RMB10,498 million. Profit for the year reached RMB3,276 million.

CMS focuses on developing first- or best-in-class innovative products and has made the layout of 30 differentiated pipeline products with strong market potential. CMS deeply engages in specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to strengthen the competitiveness of its cardio-cerebrovascular/gastroenterology business, and independently operated dermatology and medical aesthetic business, and ophthalmology business, whilst enhancing the scale and efficiency. CMS also entered into the Southeast Asian market to create new opportunities to further enhance the sustainable development of the Group.

Media Contact

Brand: China Medical System Holdings Ltd.

Contact: CMS Investor Relations

Email: ir@cms.net.cn

Website: https://web.cms.net.cn/en/home/

Source: China Medical System Holdings Ltd.

U.S. Polo Assn. Presents Vibrant, Sporty Spring-Summer Collection 2024, at 104th Edition of Pitti Immagine Uomo

FLORENCE, ITALY & WEST PALM BEACH, FL, Jun 12, 2023 – (ACN Newswire) – U. S. Polo Assn., the official brand of the United States Polo Association (USPA), presents its vibrant, sporty Spring-Summer Collection 2024 from June 13-16 at Pitti Immagine Uomo at the historic Fortezza da Basso in Florence.

The U.S. Polo Assn. tagline, "Play Your Part" is all about teamwork and doing what's right in sports and in life. Perfectly matched with U.S. Polo Assn., "Pitti Games" is the theme that defines the style and atmosphere of this year's Pitti Immagine. The show's Creative Directors Leonardo Corallini and Angelo Figus emphasize "play" as the keyword, which is synonymous with energy, commitment, and a desire to succeed. These themes are shown consistently in the authentic style of U.S. Polo Assn.

The EVENTS:

Join U.S. Polo Assn. from June 13-16 at Booth 25 Cavaniglia, where the multi-billion-dollar sports brand will showcase its Spring-Summer Collection 2024, celebrating the brand's heritage in the sport of polo since 1890. See the collection in an immersive digital setting that is unlike any the brand has presented before. Visitors to the booth will see the presence of U.S. Polo Assn.'s double horsemen logo and signature red, white and blue stripe, as well as video and online activations. Delicious Sammontana Gelati will be served at the booth to all guests, while the media will enjoy a toast of champagne by Taittinger, a tradition in the sport of polo, in a separate VIP Media Lounge.

A very special panel discussion on Wednesday, June 14, at 10:30 a.m. will feature entrepreneur, TV presenter, Instagram influencer, and sports enthusiast Federica Nargi, as well as Stefano Giansanti, Captain of the Italian Polo Team, and Alessandro Giachetti, Member of the Federation of Italian Sports Equestrian (FISE) Polo. Also presenting will be J. Michael Prince, the President & CEO of USPA Global Licensing, the company that manages and oversees the $2.3 billion U.S. Polo Assn. brand across 190 countries, and U.S. Polo Assn.'s Italian Apparel Licensee, Incom's CEO, Lorenzo Nencini, who was recently appointed and serves on the 2023 Pitti Immagine's Board of Directors.

U.S. Polo Assn. will also be celebrating "Live Authentically," an evening inspired by fashion, art, sports and music, on Wednesday, June 14, with a spectacular VIP Party in the magical Giarino Torrigiani.

Nestled in the heart of Florence, where inspiration will surround this private, invitation-only event, the Torrigiani Garden is the largest private urban garden in Europe. This unforgettable night will feature a candlelit dinner served around a horseshoe table, and include a world-renowned artist, a remarkable horse whisperer, and conclude with one of the most popular rock bands in the region originating from Florence. The featured wine will be provided by world-renowned Il Borro, alongside Champagne Partner Taittinger and sweet treats by Sammontana Gelati. Last but not least, specialty branded Porsches, representing "horsepower," will be exhibited and sponsored by Centro Porsche Firenze.

The COLLECTION:

The season's U.S. Polo Assn. Men's and Women's Collection of apparel, presented by Incom, is inspired by the colors and moods of the Mediterranean Sea and focuses on beautiful sun-washed colors and shades of blue, relaxed fits, and artisan materials. Consumers will also see amazing textures in menswear from lightweight woven shirts, like linen and seersucker, to light, cheerful colors and florals that exude a retro flare. U.S. Polo Assn. never strays far from its origins or its authentic connection to the sport of polo with the classic polo shirt. This season, consumers will find fun and fashionable variations, whether it's retro, stripes, color blocking or the most classic simple style. Polos look great on everyone, whether it's men, women or kids. For women, the polo dress is coming back in a big way, and you'll see feminine details like ruffles, embroidery, and eyelet fabrics. The brand's USPA Life product continues to grow with a focus on sustainable denim, the use of supima cotton, and more. The product is identifiable by labels and a logo promoting the colors of USPA Life – white, navy, and field green – the consumer's cue to our sustainably sourced product.

For handbags this season, presented by Eastlab, consumers can expect the softest of leather and simple shapes, from warm caramel colors to pops of citrus like lime, yellow, pink and lavender. Beach and destination bags are made of natural fabrics like canvas and raffia or straw for a hand-crafted artisanal look. U.S. Polo Assn. logos and monograms alongside equestrian prints are a mainstay and look great on any fabric. Going from day into night, we see shimmering metallics that remind us that sporty is also elegant.

Spring-Summer 2024 shoes presented by Bonis provide many new styles, offering new materials, colors, and innovative structures that respect the brand's philosophy while always paying close attention to the themes of quality, sport and authenticity. The collection is characterized by an expansion of both the casual and the sportier styles with an introduction of various new models that range from the more classic model to more urban and sportier. U.S. Polo Assn.'s women's and men's new collection presents styles that underline the commitment to build on USPA LIFE, the sustainable initiative of the brand.

The season's U.S. Polo Assn. Watch & Jewelry Collection by EuroTrade is known for its sport-inspired, classic American style, and each season the designs reach a new level with unique details, shapes and colors. The Spring-Summer 2024 Collection combines new elements and stunning colors, from pastels to brights, with the key elements of our brand's heritage. Within the collection, customers will find a combination of natural gemstones, enamel elements, and colored crystals to create perfect summer essential accessories.

Finally, the signature red, white and blue stripe is omnipresent for U.S. Polo Assn., from apparel, shoes, and accessories to store decor and game gear, because it's a pillar of the brand. Look for this accent embedded in much of the Spring-Summer Collection 2024.

The EXECUTIVES:

Alongside Nencini in Florence for Pitti week is J. Michael Prince, President and CEO of USA-based USPA Global Licensing, which manages the multi-billion-dollar U.S. Polo Assn. brand globally. Prince said, "I am proud to be here in Florence representing U.S. Polo Assn. at the greatest industry trade show in the world, alongside such outstanding partners as Incom, Bonis, EastLab and EuroTrade, who represent the very best of what our global brand has to offer," said Prince "We plan to bring some excitement to the Pitti Uomo show with this Collection, while also showcasing our brand's authentic connection to the sport of polo. And our very special VIP party at the magical Giarino Torrigiani gardens will be a night to remember; an event of fashion, art, sport and music that's 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 became responsible for the partnership that has helped both Incom and U.S. Polo Assn. become a great success story in Western Europe. About his appointment to the Pitti Immagine Board of Directors explains Nencini, "It's both a privilege and an honor to be a member of a board consisting of talented entrepreneurs, where together we can share ideas and innovations to enhance the breadth and depth of Pitti Immagine. My goal for participation on the Pitti Board is to stimulate and inspire a modern vision for the future of fashion at the world's most influential men's fashion tradeshow."

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.

About U.S. Polo Assn.

U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the non-profit governing body for the sport of polo in the United States and one of the oldest sports governing bodies, having been founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through over 1,100 U.S. Polo Assn. retail stores and thousands of department stores, sporting goods channels, independent retailers, and e-commerce, U.S. Polo Assn. offers apparel for men, women, and children, as well as accessories and footwear in more than 190 countries worldwide. U.S. Polo Assn. was named one of the top five sports licensors in 2022, alongside the NFL, MLB, and NBA, according to License Global. Visit uspoloassnglobal.com and follow @uspoloassn.

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.

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/.

About Bonis S.P.A

Bonis is the exclusive footwear licensee for U.S. Polo Assn. in 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 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/.

Contact Information:
Stacey Kovalsky
Senior Director, Global 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

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

New Research from Kincentric Redefines Inclusion and Suggests Leaders Are Responsible for Creating a Culture of Inclusion in the Workplace

KUALA LUMPUR, Jun 12, 2023 – (ACN Newswire) – Despite professed commitments to create a more inclusive workplace, many organizations still struggle to gain traction, according to a new report by Kincentric, the part of global leadership advisory firm Spencer Stuart that is specifically focused on unlocking the power of people and teams to ignite change and achieve organizational success. Based on a survey of nearly 5000 employees across the globe, the research reveals the critical role leaders play to drive inclusion, with benefits ranging from better employee retention and engagement to improved team agility during challenging times.

According to Kincentric's findings, there are four key elements required for inclusion in the workplace: people are valued, are enabled to use their voice, have decision-making influence and can contribute their best. However, in this latest research, 73% of employees report having experienced exclusion in the workplace, while only one in three employees say they work in a culture that powers inclusion – one that lifts everyone up and in which everyone is treated fairly, has equal opportunities and can speak up, be heard and respected.

Kincentric conducted the study to better define and understand the experiences that drive or derail inclusion and demonstrate its impact on overall business performance, and their full report shares several notable findings:

– Ultimately, inclusive cultures are created at the top. Leaders must walk the talk and model inclusive behaviors or risk their credibility. Nearly 1 out of 3 employees view senior leadership actions as performative or insincere when words are not backed up by action. Of those employees who question the sincerity of their leaders' actions, only 3% report experiencing a culture of inclusion.

– In general, senior leaders often have a more favorable outlook on inclusion than employees. Senior leaders are having a more favorable day-to-day experience of inclusion (62%) than managers (48%) or employees (26%). This is causing a disconnect between leader's perceptions and employee's reality.

– Inclusion drives retention and engagement. Individuals at workplaces they describe as inclusive are twice as likely to stay with their organization and three times more likely to have a sense of belonging than those who don't.

– Inclusion can maximize the potential of people and teams, creating better team dynamics and expanding skill sets across teams. Additionally, employees that report experiencing inclusion in the workplace are four times more equipped to navigate challenges and work collaboratively to find solutions in the face of conflicting opinions.

"Leaders can make or break an inclusive culture. Inclusion doesn't just happen – Inclusion is leader-led and must be intentional," says Dnika J. Travis, Ph.D., Director of Research and Insights at Kincentric, who led the research. "Creating a culture of inclusion is a business imperative. It ensures every employee is valued and able to fully contribute to the organization, delivering a number of advantages, including improvements in retention, engagement and team performance."

Kincentric offers actionable advice to leaders looking to build a culture of inclusion:

– Take charge with an unwavering commitment: Inclusion must be embedded in everything you do, from the talent systems that drive consistency in your employee experience to words, behaviors and actions that reinforce a culture of inclusion that enables people to thrive. As a leader, you must be willing to talk about the difficult aspects of your culture and shift performance management processes to root out and address bias. It is also crucial that you put processes in place that deal with and eliminate any acts of exclusion and mistreatment you observe – don't leave it to anyone else to tackle.

– Be willing to embrace discomfort. CEOs and senior leaders can achieve greater impact by not shying away from tough, unsurfaced, or polarizing aspects of an organization's culture. As a leader, not acknowledging, validating, or truly understanding what is happening within your organization undermines your credibility and employees may perceive this as a lack of sincerity in your efforts. You must also have the courage to address your own non-inclusive behaviors while challenging others to do the same.

– Embrace failures and adopt the right mindset. Achieving inclusion requires a firm commitment to learning and refining your approach based on data, insights, and the experiences of the people you are seeking to include. You and your organization will make mistakes, but that doesn't necessarily mean what you're doing is not working; it's what you do next that is most vital.

– Step back and take stock. Be honest with yourself. How have your assumptions around organizational cultural norms impacted your ability to lead inclusively? Have your actions affected your credibility, and are there any steps you need to take to redress this? You must hold yourself and everyone else in the organization accountable for building a true culture of inclusion – in which all employees are valued and can contribute their full potential.

Click here to review the report. https://www.kincentric.com/insights/inclusive-culture-study

About Kincentric

Kincentric, a Spencer Stuart company, helps organizations unlock the power of people and teams to ignite change and drive better business results. With decades of experience and specialist expertise in areas such as culture, employee engagement, leadership assessment and development, HR and talent advisory, and diversity, equity and inclusion, Kincentric uses data-driven insights to architect solutions that add value, enhance agility and increase organizational effectiveness. For more information, visit kincentric.com.

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