HKTDC and Dun & Bradstreet Hong Kong join forces to help SMEs enhance ESG competitiveness

HONG KONG, May 15, 2023 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) and Dun & Bradstreet (HK) Limited (D&B) announced a new partnership to help small and medium-sized enterprises ("SMEs"), start-ups, and Micro-, Small and Medium-sized Enterprises ("MSMEs") with green transformation by offering a comprehensive range of quality ESG registered services, namely D&B ESG Registered(TM).

Mr Andrew Wu (L), Managing Director of Dun & Bradstreet China – Mainland China & HKSAR and HKTDC Deputy Executive Director Dr Patrick Lau (R), announce a new partnership between the two organisations to enhance SMEs' ESG competitiveness.

D&B ESG Registered is a badge from an industry-trusted source signifying company's commitment to ESG disclosure.

As a leading global provider of business decisioning data and analytics and the HKTDC's recognised ESG partner, D&B further demonstrates its commitment in promoting environmental, social and governance (ESG) to companies, large and small, in Hong Kong to enhance their competitiveness and drive growth.

A D&B ESG Registered badge and profile will be presented to companies that have successfully completed the required assessment as a recognition of commitment to disclosing ESG data. This ESG service aims to support companies to expand their business, enhance their reputation and attract investors, while achieving their net-zero targets.

Drive sustainable ecosystem for SMEs

Managing Director of Dun & Bradstreet China – Mainland and Hong Kong SAR Mr Andrew Wu said: "Dun & Bradstreet is privileged to be part of it to support and drive a sustainable ecosystem for SMEs. To have our ESG solutions recognised by HKTDC, a statutory body in HK, for not just large corporations and listed companies, but also the SMEs, start-ups and the MSMEs… as the UNSDGs' (United Nations Sustainable Development Group) motto states, "Leave no one behind".

Dun & Bradstreet Hong Kong as the recognised Environmental, Social, and Governance (ESG) partner of Hong Kong Trade Development Council (HKTDC) sets an excellent example of D&B's strong reputation as a global provider of reliable business decisioning data and analytics."

HKTDC Deputy Executive Director Dr Patrick Lau said: "We are pleased to join hands with Dun & Bradstreet (HK) Limited to support Hong Kong enterprises in capitalising on the global trend towards sustainability."

Under the partnership, D&B will provide discounted ESG registered services for members of HKTDC's Transformation Sandbox (T-box), a comprehensive business support programme launched in April 2020 to help SMEs upgrade and transform. "We are certain that local companies will enhance their ESG competitiveness with the help of a world-leading service provider in the field, such as Dun & Bradstreet," Dr Patrick Lau added.

Photo download: https://bit.ly/42rsh6A

About Dun & Bradstreet

Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet's Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For details, please visit www.dnb.com.hk

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

About HKTDC Transformation Sandbox ("T-box")

The HKTDC Transformation Sandbox (T-box) is a SME support programme that helps businesses to enhance competitiveness and achieve transformation goals in the areas of branding, e-commerce, manufacturing relocation and new markets. The programme is offered free of charge and is open to all companies registered in Hong Kong. For details, please visit https://smesupport.hktdc.com/en/s/tbox

Media enquiries
Dun & Bradstreet (HK)
May Lo
Tel: +852 2516 1294
Email: LoS@dnb.com

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

2023 CAP Consumer Surveys Continue to Show the Benefits of Effective Site Blocking

Singapore, May 15, 2023 – (ACN Newswire) – The most recent piracy landscape consumer surveys commissioned by the Coalition Against Piracy (CAP) show that while piracy rates remain stable in many countries around Asia-Pacific, we have seen notable increases in piracy rates in Thailand and Taiwan, with a discernible increase also in Hong Kong. Notably, rights holders face challenges in procuring effective and efficient site blocking in all three of these countries. These consumer surveys acknowledge site blocking as an effective tool to mitigate piracy harm.

For those countries that are implementing site blocking effectively, there continue to be demonstrable effects in behavioral change with 62% of consumers in Indonesia and 64% in Malaysia indicating that they have changed their viewing habits as a result of pirate sites being blocked. Both of these countries have long-running, effective and efficient regulatory blocking regimes. In Singapore, one of the first countries in the region to allow rights holders to protect their content via the provision of judicial site blocking measures, it is notable that after almost ten years of this measure being in place, Singapore has the lowest percentage of consumer piracy in the region, with only 39% of consumers pirating. However there remains issues with the time and cost involved with obtaining site blocking orders in Singapore.

Encouragingly, the surveys show that regular site blocking not only stops consumers accessing pirated content online, but also drives them towards legitimate sources, with an average of 20% of consumers subscribing to paid services and an average of over 40% accessing legitimate free content services as a result of pirate sites being blocked. Furthermore, almost 50% of consumers around the region stated they would subscribe to legitimate paid online services if the content they wanted to watch was not available via a pirate source.

Awareness of the risks associated with online piracy also continues to grow, with at least 80% of consumers in every market around the region unequivocal that piracy has negative consequences. Consumers are aware that the perceived damage varies from job losses, impact on the creative industries and also the risk of malware infection on personal computers and devices.

In addition to consumers accessing pirate content via pirate streaming sites, apps or illicit streaming devices (ISDs), social media and messaging platforms providing access to pirated content continue to be a concern as one of the main sources of accessing pirate content. CAP is working with the major platforms across the region to address this issue.

Encouragingly, the survey also shows huge unmet potential as more than 60% of consumers across the region said they would subscribe to legitimate services if there was no pirate content available on social media and messaging platforms.

Matt Cheetham, General Manager of CAP, noted, "The evidence continues to show that site blocking, when implemented in an efficient and effective way, is an incredibly powerful tool to both stop online piracy, and direct consumers towards legitimate content." As with the 2022 survey, the data points towards an ongoing consumption of pirate content via social media and messaging platforms. However, Cheetham also noted, "The surveys also show the benefits of consumer education with a growing awareness amongst consumers of the negative consequences of piracy, particularly via illicit profiteering and malware."

This is the second time CAP's YouGov consumer surveys were undertaken across several countries at the same time. The surveys will continue to be repeated across the same countries annually, and in doing so, will continue to provide longitudinal analysis of consumer behavioral trends towards piracy and enforcement measures around the region.

About the Asia Video Industry Association

The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.

For media enquiries and additional background please contact:
Charmaine Kwan
Head of Marketing and Communications
Email: charmaine@avia.org
Website: www.avia.org

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

Bring the Cinematic Thrill Home with JBL’s Most Advanced Soundbars Yet

KUALA LUMPUR, May 15, 2023 – (ACN Newswire) – JBL(R), a leading audio specialist in professional, home, automotive, multimedia applications and connected technologies, is launching the NEW JBL sound bar series, including the JBL Bar 1300, JBL Bar 1000, JBL Bar 800, JBL Bar 500 and JBL Bar 300, at the "JBL(R) Own Your Sound Experiential Roadshow" from 17 to 21 May at IOI City Mall in collaboration with All IT Hypermarket.

At the Roadshow, an experiential soundbar room is specially designed for enthusiasts to feel and experience the JBL Bar 1300. There will also be other fun activities for the family, including Human Claw, Dance Challenge, Product Personalisation, and Gatchapon etc.

JBL(R), a lifestyle audio brand under Harman International, a wholly-owned subsidiary of Samsung Electronics Co, LTD., is known for producing audio equipment with superior sound and immersive audio experiences for consumers and professional markets. JBL's professional line of speakers are used in more than half of the world's movie theatres, sports stadiums, and music venues. The consumer line of portable speakers, headphones, and home theatre speakers is the fastest-growing brand on the planet for audiophiles, digital natives, or e-athletes.

"The new JBL Bar series takes entertainment to a whole new level as the technology produces the surround and height effects that puts people right into the action while they are ensconced comfortably at home," said Mr. Henry Yap, Managing Director of Global Best United (M) Sdn Bhd.

"The line-up offers a variety of options for entertainment enthusiasts to choose from including the number of up-drivers, DTS:X 3D surround sound, detachable wireless surround speakers and subwoofers."

Each JBL Bar features Harman's PureVoice, a technology using HARMAN's unique algorithm to optimise voice clarity even when loud sound effects take over so movie buffs can follow even the most complex plot.

Entertainment enthusiasts can also easily connect a soundbar to online music services via WiFi with compatible speakers and to browse integrated music platforms to find new songs and artists through the new JBL One app. With the new app's fully customizable EQ settings, users can personalize their listening experience.

He added, "JBL is bringing the next-generation of surround sound technology to the home-theatre experience by giving a 3D feel through expanding on well-established surround sound set-ups with an additional layer of overhead sound".

Mr. Mitchell Wong, Business Development Manager for JBL Malaysia said, "JBL has achieved a milestone in true-wireless surround sound (TWS) in the JBL Soundbar series. The setup is straightforward as positioning your speakers for optimal sound quality is simple. The two detachable wireless battery powered speakers use DTS:X 3D surround sound, Multibeam(TM) and Dolby Atmos(R) to create an immersive audio experience."

With enhanced connectivity and effortless control, simply link any of the new JBL Bar range with a voice assistant-enabled device and instantly ask Alexa, Google Assistant, or Siri to stream all preferred entertainment. Each of the new soundbars also allow access to over 300 online music streaming services through AirPlay 2, Alexa MRM and Chromecast built-in(TM). Users can also enjoy favourite audio content, Internet radio, and podcasts in high definition.

Product Specifications
https://www.acnnewswire.com/docs/Multimedia/20230515.JBL.jpg

Availability

– All featured JBL(R) products are available for purchase at Lazada, Shopee, and all leading retailers: ALL IT, Viewnet,Urban Republic, Thundermatch, Vivid Concepts, THT, PC Image, STY Group, Central Electric, One Living, AES, Keck Seng, Brightstar Computers, SS Audio and Style Laser. The JBL Bar 1300 is available exclusively at Harvey Norman. (to include, AI Sound, Flash Gadgets, STY Electric)
– Find out more about the JBL Bar Series and other products at https://www.jbl.com.my.

Hi-Res Images

– Please download hi-res product and lifestyle images from this link.
https://drive.google.com/drive/folders/1O64mBVXBsX1QHAsoIF-LLGbwSk6PwCDl?usp=share_link

JBL: https://www.jbl.com.my

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

Adventure-Ready Amazfit T-Rex Ultra Pushes Boundaries – Strong and Smart

KUALA LUMPUR, May 15, 2023 – (ACN Newswire) – Zepp Health Corporation (Zepp), a leading specialist in smart wearables and health technology, has announced that its latest T-Rex Ultra smartwatch is now available in Malaysia. The T-Rex Ultra offers adventure-seekers the ultimate in multi-environment experience through the latest in hi-tech military-grade hardware and software, monitoring, tracking and GPS.

Mr. Wu Jin, General Manager, APAC of Amazfit Malaysia said, "In the fast-paced smart wearable industry, we are constantly pushing ourselves to innovate. This newly launched T-Rex Ultra is packed with massive functionalities and smart technology. It comes with a user-friendly interface featuring a stainless steel body, a BioTracker PPG biometric sensor which supports blood-oxygen tracking, and 2.4GHz Wi-Fi support that enables a multi-environment experience through an optimum series of new features. This is the ideal watch for every outdoor activity; from off-road motorcycling, skydiving, alpine skiing to a walk-in-the-park, sitting on the beach or a dip-in-the-pool."

"The appearance and weight are just right for a smartwatch. Overall, the design is very cool, and the functions are very user-friendly," said Amazfit supporter Ms. Wayne Phoo, DJ at MYFM, who is also an avid diver, "I'm a very active person, but I never had the habit of paying attention to my health indicators. With this Amazfit T-Rex Ultra on my wrist, I can monitor my heart rate, BMI index, step count, exercise records, and more.

The smart watch supports freediving to 30 meters, with 10 ATM water-resistant, making it my perfect diving companion. The freediving function calculates water depth and has a breathing exercise function that helps with underwater activities. Even non-free divers can use this function to track their breathing."

Wayne said, "The battery life is very long. I had more than 20% battery life left after using it actively for a week."

Another Amazfit advocate, En. Ammar Salehan, who is also an active explorer, said, "Amazfit T-Rex Ultra's GPS function with dual-band satellite is solid! I'm extremely pleased with this very helpful safety tool as it can be used as a guide for the correct path and minimizes the probability of getting lost during a hike. The mud-resistant buttons ensure that the smart watch will continue to operate even if the trail is muddy and nasty. A plus point is the altitude assistance and usable offline maps which can be uploaded to the watch to keep the explorer safe on a journey."

A smart function is that the compass can be set on the watch display and auto GPS mode. For someone who often goes into the forest, the compass is used as a direction pointer. As a Muslim, knowing where Qibla, the direction of Mecca is helpful and easy with the compass.

Ammar explained, "The watch is charged with USB, so it was easy for me when I'm in the forest, all I need is a power bank. The completed trail and activities can also be shared with health and fitness apps on my phone. Capturing the events of the adventure can be done through the connection to a GoPro camera for those once-in-a-lifetime moments."

The Amazfit T-Rex Ultra comes with adjustable lugs, 6 GPS satellites, 120 watch faces, an altimeter, compass, weather, tides, sun and moon coverage, and the incomparable Zepp OS, now version 2.0. The T-Rex Ultra comes in two colours, Abyss Black and Sahara, and is available now on Shopee and Lazada for RM1,899. On first come, first serve basis, customers will walk away with one set of waterproof drybag, wind jacket and sport bottle upon purchase on 18th May 2023.

Availability

All featured Amazfit products are available for purchase at https://www.amazfit.com/my or Amazfit's e-commerce partner platform https://bit.ly/AmazfitMY_Shopee and https://www.lazada.com.my/shop/amazfit/.

Amazfit: www.amazfit.com

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

ASEAN strives to increase cooperation and reduce tensions in the region

JAKARTA, May 13, 2023 – (ACN Newswire) – President Joko Widodo (Jokowi) chaired two of three meetings on the second day of the 42nd ASEAN Summit at Meruorah Hotel in Labuan Bajo, East Nusa Tenggara, on Thursday. The two meetings chaired by Jokowi are the Retreat Session and Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) Summit.

ASEAN strives to increase cooperation and reduce tension in the region

In his speech at the opening of the Session, Jokowi mentioned two important issues that became the focus of the discussion, namely reviews of the implementation of the ASEAN Outlook on Indo-Pacific (AOIP) and the implementation of the 5 Point Consensus (5PC) in handling the crisis in Myanmar.

Indonesia, as Chair of ASEAN 2023, encourages the Association of Southeast Asian Nations (ASEAN) and its fellow ASEAN member countries to move forward together to increase cooperation and reduce tensions in the region, both in the Southeast Asian region and the wider region, including the Indo-Pacific.

President Jokowi invited members of ASEAN to work in synergy to ease the rising tension in the Indo-Pacific region. According to Jokowi, one way to reduce tension in the region was by implementing the AOIP. "Concrete and inclusive cooperation is essential to ease tension in the Indo-Pacific. We can use the AOIP as a concrete platform for cooperation with partner countries," he remarked. Indo-Pacific is the world's fastest-growing region that accounts for 65 percent of the global economy.

On Indonesia's initiative, ASEAN launched the AOIP in 2019 to affirm the bloc's stance in playing its role in maintaining peace, security, stability, and prosperity in the region. AOIP prioritizes the practices of open and inclusive dialogue and cooperation instead of competition and rivalry. To increase the spirit of cooperation in the region, during its 2023 ASEAN chairmanship, Indonesia will hold several main events under the ASEAN-Indo-Pacific forum as part of the efforts to implement the AOIP.

The events also include an infrastructure forum, youth dialogue and digital development supporting sustainable development (SDGs), a creative economy forum, and the ASEAN Business and Investment Summit. Not only in the Indo-Pacific region, but Indonesia also encourages ASEAN to strive to reduce tensions within its own region, especially by helping Myanmar to resolve its political and humanitarian crises.

ASEAN has urged the junta to implement a Five-Point Consensus peace plan agreed in April 2021 that calls for a cessation of violence, dialogue with all stakeholders, and permitting the provision of humanitarian assistance to the people of Myanmar.

Indonesian Foreign Affairs Minister Retno Marsudi said on Tuesday (May 9) that the implementation progress of the 5PC had been discussed with the ASEAN Foreign Ministers ahead of the 42nd ASEAN Summit in Labuan Bajo. Indonesia, as ASEAN Chair, chose to conduct 'non-megaphone diplomacy' in resolving the Myanmar issues. Marsudi added that measures were taken to provide space for all parties to build trust and open communication.

At the opening of the ASEAN Summit Retreat Session on Thursday, President Jokowi stated that Indonesia, as ASEAN Chair, continuously strives for progress in the implementation of the 5PC, and through engagements with various parties urges for an inclusive dialogue, calls for the cessation of violence, facilitates the conclusion of the Joint Needs Assessment through the AHA Centre to deliver humanitarian assistance.

However, Jokowi admitted there had been no significant progress from implementing the 5PC. "Therefore, ASEAN unity is required to decide on the next steps," he said. Nevertheless, President Jokowi and Minister Marsudi have also emphasized that the lack of progress in implementing the 5 PC did not mean that ASEAN would give up on the situation in Myanmar.

In fact, it means that ASEAN must be more united to help fellow member countries, especially Myanmar to get out of the crisis, so that all ASEAN members "can move forward together and leave no one behind". Furthermore, Jokowi emphasized that issues related to the current situation in Myanmar should not hinder efforts to accelerate the development of the ASEAN community.

During its chairmanship, Indonesia adopted the theme of "ASEAN Matters: Epicentrum of Growth," which reflects its will to make ASEAN important and relevant as the world's center of growth. Indonesia is seeking to strengthen ASEAN's capacity and institutional effectiveness in hopes of readying the bloc to face challenges in the next two decades.

The chair is also committed to escorting the Southeast Asian region towards ASEAN 2045 by making it more adaptive, responsive, and competitive through various measures that are in line with the principles found in the ASEAN Charter. In addition, Indonesia is willing to lead the ASEAN countries in efforts to strengthen economic recovery and make the region an engine of sustainable growth.

By Yuni Arisandy Sinaga
Editor: Sri Haryati
COPYRIGHT (c) ANTARA 2023

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

Face-down: Gravity’s effects on cell movement

TSUKUBA, Japan, May 13, 2023 – (ACN Newswire) – Researchers at the National Institute for Materials Science (NIMS) and colleagues in Japan have developed a specially coated, light-responsive surface that helps test how the direction of gravity impacts cell movements. The findings, published in the journal Science and Technology of Advanced Materials, could lead to a better understanding of what happens to cells in people who are bedridden for prolonged periods and of the impact of gravity's direction on cancer cell migration.

The human body takes many different positions over its lifespan. Scientists wanted to find a way
to study how cell movement is impacted when the direction of gravity changes as our body positions
change. (Image created using materials from STAM Vol.24, Issue 1, Article 2206525 (2023) and
Canva.)

The special surfaces are made by coating glass slides with a combination of molecules that are responsive to light. Shining light on a central, circular area of the slide breaks up the molecules, clearing away a coating-free zone that cells can stick to. Once stabilized in this area, the scientists then use light to clear away an area surrounding the central circle. This encourages the cells to move in an outward direction to fill the square. The team investigated what happens to cell movement when the slide is placed upright, with the cells lying on top and the direction of gravity impacting the cells from top to bottom. They then conducted a similar test with the slide flipped over while supported on either side so that the cells are inverted and the direction of gravity is from the bottom of the cells to their tops.

"We found that the direction of gravity hindered collective cell migration in the inverted position by reducing the number of outward-moving leader cells at cluster edges and by redistributing shape-forming filaments, composed of actin and myosin, so that they kept the cells bundled together," explains biomaterials researcher, Shimaa Abdellatef, who is a postdoc at NIMS.

The coated, light-responsive surfaces provide an advantage over currently available methods that study the impacts of gravity's direction, as they require physical contact with the surface to which cells are attached. The new approach enables remote induction of cell migration.

"We plan to apply our approach to analyse the responses of cancer cells to the direction of gravity," says NIMS nanoscientist, Jun Nakanishi, who led the study. "We expect to find differences between healthy and diseased cells, which could provide important information about cancer progression in bedridden patients."

Further information
Jun Nakanishi
National Institute for Materials Science (NIMS)
Email:NAKANISHI.Jun@nims.go.jp

Shimaa A. Abdellatef
National Institute for Materials Science (NIMS)
Email: ABDELALEEM.shimaa@nims.go.jp

Paper: https://doi.org/10.1080/14686996.2023.2206525

About Science and Technology of Advanced Materials (STAM)

Open access journal STAM publishes outstanding research articles across all aspects of materials science, including functional and structural materials, theoretical analyses, and properties of materials. https://www.tandfonline.com/STAM

Dr Yasufumi Nakamichi
STAM Publishing Director
Email: NAKAMICHI.Yasufumi@nims.go.jp

Press release distributed by Asia Research News for Science and Technology of Advanced Materials.

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

VinFast To Publicly List Through Business Combination With Black Spade Acquisition Co

HONG KONG, May 12, 2023 – (ACN Newswire) – VinFast Auto Pte. Ltd. ("VinFast" or "the Company"), and Black Spade Acquisition Co (NYSE: BSAQ) ("Black Spade") announced today that they have entered into a business combination agreement. After the transaction, VinFast will have an equity value of over US$23 billion and be listed in the U.S.

Representatives of Vingroup, VinFast and Black Spade at the Signing Ceremony

The business combination values VinFast at an enterprise value of approximately US$27 billion and an equity value of US$23 billion, not including cash from BSAQ's approximately US$169 million of cash in trust (assuming no Black Spade shareholders elect to have their Black Spade shares redeemed for cash as permitted).

The transaction is expected to close in the second half of 2023, subject to regulatory and shareholder approvals, and other customary closing conditions. After the transaction, existing shareholders of VinFast will hold approximately 99% shares of the combined company.

Madame Thuy Le, Global CEO of VinFast Auto Pte. Ltd., said: "VinFast has already demonstrated the ability to quickly reach international markets. The partnership with Black Spade and listing of VinFast in the U.S. represents the perfect capital raising avenue for our future global ambitions and is also an important accomplishment for Vingroup."

Mr. Dennis Tam, Chairman and Co-CEO, Black Spade Acquisition Co, shared, "VinFast has demonstrated their execution excellence by building up a maximum production facility of up to 300,000 electric vehicles (EVs) a year and having a full range of beautifully designed high quality EVs, all within the span of a few years. With the support of Vingroup, one of the largest conglomerates in Vietnam, VinFast is very well positioned to take advantage of the EV lifestyle trend and we are very excited about the future potential growth of VinFast in Vietnam and globally."

VinFast, a member of Vingroup, was founded in 2017 and envisioned to drive the movement of global smart electric vehicle revolution. VinFast manufacturers and exports a full portfolio of e-SUVs, e-scooters and e-buses across Vietnam, North America, and, soon, Europe. The Company operates a state-of-the-art automotive manufacturing complex in Hai Phong that boasts up to 90% manufacturing automation and annual production capacity (i.e. maximum number of vehicles that can be constantly manufactured in a year with additional shifts per day throughout the year) of up to 300,000 units in phase 1.

VinFast is committed to its mission of creating a sustainable future for everyone. The Company converted into a fully EV manufacturer in 2022, and has delivered four EV models: VF e34, VF 8, VF 9 and VF 5 to customers in Vietnam to date. VinFast recently crossed an important milestone on the journey to becoming a recognized global EV brand with the first VF 8 EVs exported to North America earlier this year.

Black Spade, listed on the NYSE, was founded by Black Spade Capital, which runs a global portfolio consisting of a wide spectrum of cross-border investments, and consistently seeks to add new investment projects and opportunities to its portfolio.

Additional information about the proposed transaction, including a copy of the business combination agreement, is available in Black Spade's Current Report on Form 8-K, filed on May 12, 2023 with the Securities and Exchange Commission ("SEC") at www.sec.gov, and will be available on the VinFast investor relations page at www.vinfastauto.com.

More information about the proposed transaction will also be described in VinFast registration statement that include BSAQ's proxy statement and VinFast's prospectus relation to the business combination, which will be filed with the SEC.

About VinFast
VinFast – a member of Vingroup – is the leading Vietnamese automotive manufacturer, committed to its mission of creating a green future for everyone. VinFast manufacturers and exports a full portfolio of electric SUVs, e-scooters and e-buses across Vietnam, the United States, and, soon, Europe. Learn more at www.vinfastauto.com.

About Black Spade Acquisition Co
Black Spade Acquisition Co ("BSAQ") is a blank check company incorporated for the purpose of effecting a business combination (Special Purpose Acquisition Company). Listed on the NYSE, BSAQ was founded by Black Spade Capital, which runs a global portfolio consisting of a wide spectrum of cross-border investments, and consistently seeks to add new investment projects and opportunities to its portfolio. Learn more at: https://www.blackspadeacquisition.com/.

Advisors
Chardan is serving as M&A advisor to VinFast and JonesTrading Instituional Services is serving as financial advisor to Black Spade.

Forward-Looking Statements Legend
This document contains certain forward-looking statements within the meaning of U.S. federal securities laws with respect to the proposed transaction between VinFast Auto Ltd. (the "Company") and Black Spade Acquisition Co ("Black Spade"), including statements regarding the benefits of the transaction, the anticipated benefits of the transaction, the Company or Black Spade's expectations concerning the outlook for the Company's business, productivity, plans and goals for product launches, deliveries and future operational improvements and capital investments, operational performance, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, as well as any information concerning possible or assumed future results of operations of the Company. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are their managements' current predictions, projections and other statements about future events that are based on current expectations and assumptions available to the Company and Black Spade, and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the proposed transaction may not be completed within the prescribed time frame, which may adversely affect the price of Black Spade's securities, (ii) the risk that investors of the Company may not receive the same benefits as an investor in an underwritten public offering, (iii) the risk that the Black Spade securities may experience a material price decline after the proposed transaction, (iv) the adverse impact of any shareholder litigation and regulatory inquiries and investigations on the Company's business, (v) a reduction of trust account proceeds and the per share redemption amount received by shareholders as a result of third-party claims, (vi) the risk that the transaction may not be completed by Black Spade's business combination deadline and an extension period, (vii) the risk that distributions from trust account may be subject to claw back if Black Spade is deemed to be insolvent, (viii) the ability of the Company to get approval for listing of its ordinary shares and warrants and comply with the continued listing standards of the Nasdaq, (ix) the failure to satisfy the conditions to the consummation of the transaction, certain of which are outside of Black Spade or the Company's control, (x) the ability of the Company to achieve profitability, positive cash flows from operating activities and a net working capital surplus, (xi) the ability of the Company to fund its capital requirements through additional debt and equity financing under commercially reasonable terms and the risk of shareholding dilution as a result of additional capital raising, if applicable, (xii) risks associated with being a new entrant in the EV industry, (xiii) the risks that the Company's brand, reputation, public credibility and consumer confidence in its business being harmed by negative publicity, (xiv) the Company's ability to successfully introduce and market new products and services, (xv) competition in the automotive industry, (xvi) the Company's ability to adequately control the costs associated with its operations, (xvii) the ability of the Company to obtain components and raw materials according to schedule at acceptable prices, quality and volumes acceptable from its suppliers, (xviii) the Company's ability to maintain relationships with existing suppliers who are critical and necessary to the output and production of its vehicles and to create relationships with new suppliers, (xix) the Company's ability to establish manufacturing facilities outside of Vietnam and expand capacity within Vietnam timely and within budget, (xx) the risk that the Company's actual vehicle sales and revenue could differ materially from expected levels based on the number of reservations received, (xxi) the demand for, and consumers' willingness to adopt EVs, (xxii) the availability and accessibility of EV charging stations or related infrastructure, (xxiii) the unavailability, reduction or elimination of government and economic incentives or government policies which are favorable for EV manufacturers and buyers, (xxiv) failure to maintain an effective system of internal control over financial reporting and to accurately and timely report the Company's financial condition, results of operations or cash flows, (xxv) battery packs failures in the Company or its competitor's EVs, (xxvi) failure of the Company's business partners to deliver their services, (xxvii) errors, bugs, vulnerabilities, design defects or other issues related to technology used or involved in the Company's EVs or operations, (xxviii) the risk that the Company's research and development efforts may not yield expected results, (xxix) risks associated with autonomous driving technologies, (xxx) product recalls that the Company may be required to make, (xxxi) the ability of the Company's controlling shareholder to control and exert significant influence on the Company, (xxxii) the Company's reliance on financial and other support from Vingroup and its affiliates and the close association between the Company and Vingroup and its affiliates and (xxxiii) conflicts of interests with or any events impacting the reputations of Vingroup affiliates or unfavorable market conditions or adverse business operation of Vingroup and Vingroup affiliates. The foregoing list of factors is not exhaustive. Forward-looking statements are not guarantees of future performance. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's registration statement on Form F-4 to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC"), Black Spade's Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on March 10, 2023, and other documents filed by the Company and/or Black Spade from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and all forward-looking statements in this document are qualified by these cautionary statements. The Company and Black Spade assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither the Company nor Black Spade gives any assurance that either the Company or Black Spade will achieve its expectations. The inclusion of any statement in this communication does not constitute an admission by the Company or Black Spade or any other person that the events or circumstances described in such statement are material.

Additional Information and Where to Find It
This document relates to a proposed transaction between the Company and Black Spade. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Company intends to file a registration statement on Form F-4 that will include a proxy statement of Black Spade and a prospectus of the Company with the SEC. After the registration statement is declared effective, the definitive proxy statement/prospectus will be sent to all Black Spade shareholders as of a record date to be established for voting on the proposed transaction. Black Spade also will file other documents regarding the proposed transaction with the SEC. This document does not contain all the information that should be considered concerning the proposed transactions and is not intended to form the basis of any investment decision or any other decision in respect of the transactions. Before making any voting or investment decision, investors and shareholders of Black Spade are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.

Investors and shareholders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Black Spade through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by Black Spade may be obtained free of charge from Black Spade's website at https://www.blackspadeacquisition.com/ or by written request to Black Spade at Black Spade Acquisition Co, Suite 2902, 29/F, The Centrium, 60 Wyndham Street, Central Hong Kong.

Participants in Solicitation
Black Spade and the Company and their respective directors and officers may be deemed to be participants in the solicitation of proxies from Black Spade's shareholders in connection with the proposed transaction. Information about Black Spade's directors and executive officers and their ownership of Black Spade's securities is set forth in Black Spade's filings with the SEC, including Black Spade's Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on March 10, 2023. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents as described in the preceding paragraph.

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

Thousands of energy leaders gather in Manila to transform the future of renewable energy in the Philippines

Manila, Philippines, May 12, 2023 – (ACN Newswire) – The Future Energy Show & Solar Show Philippines, the largest energy event in the country, will open its doors on 15 and 16 May at SMX Convention Center Manila to bring together the entire energy community to chart the future of energy in the Philippines.

Firmly established as most significant event for the sector in the Philippines, the 2023 edition will be the biggest edition ever with 150+ global and regional leading energy solution providers including CHINT Electric Global, Enphase Energy, Trigon Asset Management, Renova, Jinko Solar, Trina Solar, Longi, Sungrow, Growatt, CSI Technology, Alpha ESS, and Mibet Energy showcasing the best solar, renewable energy and smart energy solutions to help drive projects forward.

More than an exhibition, The Future Energy and Solar Show Philippines offer learning opportunities to the more than 12,000 pre-registered attendees in the 7-tracks of free-to-attend conference sessions, covering:

Large Scale Solar
Rooftop Solar
Rural Electrification
Smart Grid / T&D
Energy Storage
Alternative Renewables
Solar Installer University – a brand new addition for 2023

On the morning of 15 May, Guest-of-Honour, Department of Energy Undersecretary, Rowena Cristina L. Guevara, will kickstart the keynote plenary session. This will be followed by a keynote panel session on “Achieving Energy Autonomy: Driving Renewable Energy Adoption Across the Philippines” with insights from Monalisa Dimalanta, Chairperson and CEO of Energy Regulatory Commission; Christan Ereno, AVP & Head of Visayas System Operations for National Grid Corporation of the Philippines (NGCP); Rowena Cristina L. Guevara, Undersecretary of Department of Energy; A.D Villaos, President of CorEnergy;Ronnie Aperecho, Senior Vice President and Head of Networks of Meralco; and Fernando Martin Roxas,President and CEO of National Power Corporation.

More than 100 speakers from across the Philippines and beyond will be at the event to share insights and ideas on the latest developments in renewable energy and smart energy solutions. The stellar line-up of speakers includes senior representatives from Ministry of Environment, Natural Resources and Energy – BARMM, Mindanao Development Authority, Aboitiz, Meralco, IIEE, Association of Solar Installers in the Philippines, PSSEA, and many more.

“We are thrilled to once again bring the Philippines’ top clean energy leaders and their partners together”, said Paul Clark, Managing Director at Terrapinn Asia, “With a sold-out exhibition floor that has already had to be expanded to accommodate additional demand, The Future Energy Show Philippines and The Solar Show Philippines truly bring together the people that can shape the Philippines energy future. The excitement is palpable and we look forward to this year’s record-breaking event”.

“The members of Philippine Solar and Storage Energy Alliance (PSSEA) are looking forward to networking and learning about the latest business insights and technology trends in the power industry. Speakers from PSSEA are also eager to discuss the next big thing in Asia: The Philippine Solar Revolution is taking off,” said the PSSEA President, Mr. Ping Mendoza.

The Future Energy Show & Solar Show Philippines is open to all professionals and stakeholders in the energy sector. Interested parties can register for a free pass and find out more about the event by visiting the official website at www.terrapinn.com/futureenergyphacn

About The Future Energy Show Philippines 2023 & The Solar Show Philippines 2023:

The Future Energy Show Philippines & The Solar Show Philippines will take place at SMX Convention Center Manila, Seashell Lane, Mall of Asia Complex, Pasay City, Metro Manila, Philippines on 15-16 May 2023.

About Terrapinn

Terrapinn has been sparking ideas, innovations and relationships that transform business for over 30 years. Using our global footprint, we bring innovators, disrupters and change agents together, discussing and demonstrating the technology, strategies and personalities that are changing the way the world does business. Whether you’re looking to make new connections, introduce product or inspire change in your industry, we invite you to join us as agitators of change. Terrapinn – spark something.

Press attendance is complimentary. Enquiries should be directed to:
Danelle Filipinas
Marketing Manager
Terrapinn Pte Ltd
Danelle.filipinas@terrapinn.com

World CyberCon Middle East 2023: The Premier Cybersecurity Conference in the Region

Join experts, professionals, and enthusiasts at the World CyberCon Middle East 2023 to discuss the latest trends, challenges, and innovations in cybersecurity.

Riyadh, Saudi Arabia, May 12, 2023 – (ACN Newswire) – The Cyber Express by Cyble, a leading cybersecurity news, and information platform, invites you to attend the World CyberCon Middle East 2023. The event is set to take place on August 30 in Riyadh, Saudi Arabia. This premier cybersecurity conference will bring together industry experts, professionals, and enthusiasts from around the globe to discuss the latest trends, challenges, and innovations in the field of cybersecurity.

The World CyberCon Middle East 2023 offers attendees a unique opportunity to learn from leading experts through a series of keynote speeches, panel discussions, workshops, and interactive sessions. The event will cover various aspects of cybersecurity, including threat intelligence, incident response, data protection, privacy regulations, and emerging technologies.

By attending the World CyberCon Middle East 2023, participants will benefit from the following:

Networking opportunities with professionals from various sectors, including government, finance, healthcare, and technology, to share insights, experiences, and best practices in cybersecurity.
Learning about the latest cybersecurity tools, technologies, and strategies from top industry experts and thought leaders.
Gaining valuable insights into the emerging trends and challenges in the cybersecurity landscape, including cyberattacks, data breaches, and evolving regulations.
Enhancing their professional skills and knowledge through hands-on workshops and interactive sessions led by industry experts.
Discovering innovative cybersecurity solutions and services from leading vendors and providers.

Shenoy Sandeep, Regional Director – Cyble, said, “It’s incredible that The Cyber Express by Cyble is back with yet another edition of the World CyberCon event, and this time we’re in the Middle East! We’re gearing up to be joined by our Partners, Infosec Leaders and Delegates, and Cybersecurity Exhibitors on August 30, 2023, in Riyadh, Saudi Arabia. Bringing together Industry Experts, Key Decision Makers, and Experienced Cyber Influencers from across the world, the Conference will deep dive into the global threat landscape and the state of cybercrime. I am elated to be a part of this excellent convention and look forward to the business leaders and government officials coming together and sharing their expert cybersecurity knowledge.”

Tania A. Moukarzel, Senior Executive Officer, POTECH, said, “We are delighted to accept the invitation to be a part of The Cyber Express’ World CyberCon Middle East 2023. At Potech Group, we have been at the forefront of delivering comprehensive IT and cybersecurity services since 2002. Our extensive portfolio includes cutting-edge advisory, managed services, software engineering, and training, complemented by innovative products such as Digital Risk Protection and SIEM++. It is an immense honor for us to demonstrate our expertise and present our solutions at this esteemed event. We eagerly look forward to joining this distinguished gathering, where we can share our expertise, forge new partnerships, and contribute to the advancement of cybersecurity in the Middle East. See you there!”

Isabelle Meyer, CIO of Zendata, said, “Zendata is happy to participate in The Cyber Express’ World CyberCon Middle East 2023 edition. We look forward to meeting the industry’s elites and interacting with the brightest minds in the domain. We are also excited to showcase our latest innovation – Zen 360 – a bespoke managed security solution that delivers superior security performance while enabling you to maintain your productivity. With ZEN360, our team of experts offers a comprehensive MDR (Managed Detection and Response) service. See you there!”

The upcoming event will be graced by 10+ speakers, including Wael Fattouh, Chief Information Security Officer (CISO) of Bank Aljazira, Ali Abdulla Alsadadi, Chief of Information, Technology & Itil 4 Digital Strategic Leader of the Ministry of Oil – Kingdom of Bahrain, Eng. Ala Zayadeen, Head of Information Security and Data Privacy at BinDawood Holding, and several other notable industry leaders.

The World CyberCon Middle East 2023 is an essential event for anyone involved or interested in the cybersecurity field. Attendees can expect to leave the Conference with a deeper understanding of the latest cybersecurity trends and strategies, as well as new connections and opportunities for collaboration.

Don’t miss out on this unique opportunity to learn from the best and network with professionals from across the cybersecurity spectrum. Reserve your spot at the World CyberCon Middle East 2023 today by visiting https://thecyberexpress.com/cyber-security-events/world-cybercon-middle-east-2023/.

About The Cyber Express By Cyble

TheCyberExpress.com is a leading online platform that provides the latest news, insights, and resources in the field of cybersecurity. With a focus on delivering timely and accurate information, The Cyber Express aims to empower individuals and organizations with the knowledge they need to protect their digital assets in an increasingly complex cybersecurity landscape.

For more information about the event, sponsorship opportunities, or media inquiries, please contact: Ashish Jaiswal at ashish.j@thecyberexpress.com

Fosun’s Strategy of “Streamlining the Organization” Begins to Bear Fruit and Offshore Syndicated Loan are Launched

HONG KONG, May 12, 2023 – (ACN Newswire) – According to people familiar with the matter, Fosun International's offshore multi-currency syndicated loan was officially launched in early May, and it has obtained a loan of more than US$450 million in equivalent so far. The offshore syndicated loan was jointly initiated by seven banks including Bank of China, Bank of East Asia, Commerzbank, Hang Seng Bank, HSBC, Natixis Bank, and Standard Chartered Bank as lead bookrunners. Since the formation of the syndicate, more than 10 banks have joined and banks may join through the "greenshoe option" in the next three months.

In January this year, Fosun's domestic entity obtained a syndicated loan of RMB12 billion. At that time, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications acted as joint lead banks, and China Minsheng Bank, the Export-Import Bank of China, and Shanghai Pudong Development Bank acted as participating banks to form a syndicate to provide Fosun High Technology, the domestic operating entity of Fosun International a RMB loan.

Market analysts believe that although Fosun has been involved in Nanjing Iron & Steel transaction disputes and other incidents some time ago, domestic and foreign banks have successively provided large amounts of credit support to Fosun, which reflects that mainstream financial institutions' recognition of Fosun's commitments to accelerate the sale of non-core assets and cash inflows for debt management. The significant financial support from banks will help Fosun reduce its dependence on public market financing, and the optimized debt structure will support subsequent liquidity management and sustainable business development.

Last year, negative opinions about Fosun's rating downgrade put pressure on Fosun, which also brought a lot of speculation to the market at that time. Market sentiment was dampened significantly, and onshore and offshore bond prices also plummeted. However, at the same time, Fosun redeemed EUR380 million bond in October last year and US$450 million bond in January this year, and recently redeemed EUR350 million Euro bond, totaling US$1.25 billion in offshore bonds. Meanwhile, in the first quarter of 2023, Fosun High Technology successfully redeemed RMB5.93 billion bond in the domestic open market. The market's previous doubts about its liquidity are invalid, and the company's efforts are notable. It is worth looking forward to Fosun's next step to further enhance the recognition of the market and banks.

At the subsidiaries business level, in 2022, Fosun experienced profit shocks due to overseas interest rate hikes, geopolitical conflicts, and the frequent occurrence of the epidemic. Since the liberalization of epidemic prevention measures in 2023, its focused strategy on core businesses in the household consumption sector has been accelerated and yielded results. In the first quarter of this year, the business of all segments showed a strong upward trend. In the Happiness segment, Yuyuan achieved an operating revenue of RMB15.244 billion, representing a year-on-year growth of 22.61%. The recovery trend of the core consumer business was obvious. The revenue of Yuyuan Jewelry and Fashion reached RMB11.494 billion, representing a year-on-year increase of 28.55%. Benefiting from the overall relaxation of travel restrictions worldwide and the effective implementation of the company's strategy, Fosun Tourism Group's (FTG) profit attributable to the parent in the first quarter doubled compared with the same period in 2022, Club Med's business volume reached RMB5.004 billion, an increase of about 44.2%; during the May Day holiday this year, the total business volume of Club Med resorts in China exceeded the same period in 2022 by about eight folds, and exceeded the same period in 2019 by about 110%. In the Health segment, Fosun Pharma achieved an operating revenue of RMB10.871 billion in the first quarter, representing a year-on-year increase of 4.68%; net profit attributable to shareholders of the listed company after deducting extraordinary gain and loss was RMB919 million, representing a period-on-period increase of 14.78%; the revenue contribution of new and sub-new products further increased.

Previously, Goldman Sachs, Daiwa Capital Markets, Guotai Junan Securities, Soochow Securities and other domestic and foreign securities firms and investment banks successively published research reports, expressing optimism about Fosun's series of measures to reduce debt, optimize asset structure, and steadfastly focus on its core businesses. They believed that Fosun is well-positioned to achieve better performance in the future and assigned Fosun International a "Buy" or "Overweight" rating.

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