Vietnam: International Dairy Product launches nutritious KUN milk with jelly pieces in SIG XSlimBloc carton packs

HO CHI MINH CITY, VIETNAM, May 20, 2024 – (ACN Newswire) – Dairy manufacturer International Dairy Products JSC (IDP) is offering a dairy product with jelly pieces in SIG XSlimBloc carton packs under its popular KUN brand, providing nutritious ready-to-drink milk for kids. This is made possible by SIG’s Drinksplus technology integrated into the SIG XSlim 24 Aseptic filling machine.

Dairy manufacturer International Dairy Products JSC (IDP) is offering a dairy product with jelly pieces in SIG XSlimBloc carton packs under its popular KUN brand, providing nutritious ready-to-drink milk for kids. This is made possible by SIG’s Drinksplus technology integrated into the SIG XSlim 24 Aseptic filling machine. (Photo: SIG)

Meeting the growing demand in Vietnam for high-quality dairy offerings to kids, KUN’s nutritious dairy range in 125ml and 180ml on-the-go SIG XSlimBloc carton packs is available in three flavors: Malt, Orange and Strawberry. Formulated specially for kids, KUN milk contains more vitamins (K2, A, D3, Choline, Beta Glucan, Zinc Lactate). With bite-size pieces of jelly, dietary fiber is added to the milk to aid in digestion. Drinking milk with jelly also appeals to kids, making it a multisensory drinking experience.

My Phan Ngoc, Marketing Director at IDP: “Our expanded KUN range is designed to offer kids a distinctive drinking experience. Leveraging the innovative packaging solution and filling technology from SIG, our consumers can now enjoy healthy and delicious milk with added value, sip by sip.”

The XSlim 24 Aseptic filling machine offers the flexibility to fill up to nine different pack sizes on the same high-speed filler (up to 24,000 packs/hour). The changeover time when switching pack size takes less than 15 minutes. This flexibility allows businesses to easily and quickly right-size their products based on consumer demands.

SIG’s Drinksplus technology allows F&B manufacturers to aseptically fill carton packs with beverages containing nutritious real bits of fruits, vegetables, grains or chewable pieces, such as jelly. SIG uses an advantageous sleeve system, where each carton pack is individually shaped, filled and ultrasonically sealed above the filling level, not through the actual product. This guarantees the aseptic safety of the product. Drinksplus products with perceptible pieces can be filled on standard SIG filling machines for beverages, once equipped with an easy-to-install ‘Drinksplus upgrade kit’. The products can be stored at room temperature for an extended period of time without losing its quality or flavor. The SIG Drinksplus technology provides the advantage of adding up to ten per cent particulate content like jelly into beverage products and to fill them aseptically into SIG carton packs. The bits can be up to six millimeters in length and width and ensure that drinking is fun.

Kha Vo Xuan Minh, Country Manager Vietnam at SIG: “With our flexible filling technology, our customers are well positioned to respond to consumer demands shaping the market. We are excited to see the first Drinksplus product filled in SIG XSlimBloc carton packs and look forward to bringing more innovative packaging solutions to the market.”

About SIG

SIG is a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, we work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable, and affordable way. Our technology and outstanding innovation capabilities enable us to provide our customers with versatile packaging systems and solutions for innovative products and smart operations, all to address the ever-changing needs of consumers. Sustainability is integral to our business and guides us on our journey to create packaging for better – packaging that gives more to people and the planet than it takes out.

Founded in 1853, SIG is headquartered in Neuhausen, Switzerland, and is listed on the SIX Swiss Exchange. The skills and experience of our approximately 9,000 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 100 countries. In 2023, SIG produced 53 billion packs and generated €3.2 billion in revenue. SIG also has an AA ESG rating by MSCI, a 13.9 (low risk) score by Sustainalytics, Platinum CSR rating by EcoVadis, and is included in the FTSE4Good Index. For more information, visit our website.

For insights into trends that drive the food and beverage industry, visit the SIG blog.

Your contact for media inquiries:

PRecious Communications for SIG
Tel: +65 6303 0567
Email: sig@preciouscomms.com

Pham Thanh Hien
Email: hien@preciouscomms.com
Mobile: +84 914692188

REDEX to be an exclusive partner to TNBX in Malaysia to support the Malaysia Green Attribute Trading System (mGATS) platform

SINGAPORE, May 20, 2024 – (ACN Newswire) – REDEX will be an exclusive partner to TNBX to support the development of the Malaysia Green Attribute Trading System (mGATS) into the country’s preeminent digital trading platform for Malaysia Renewable Energy Certificates (mREC). The upgraded platform will provide a new avenue for businesses to conveniently pursue their renewable energy commitments and accelerate the nation’s pursuit of a sustainable energy future.

Launched five years ago as an information hub on RECs, the revamped mGATS will leverage REDEX’s innovative technological solutions to facilitate live trading and auctions while providing users with price transparency for mRECs acquisition.

REDEX Founder and CEO Kang Jen Wee said, “REDEX is honoured to be chosen by TNBX as a partner for the development of mGATS into a premier digital trading platform for the Malaysian market. We are excited to be part of the country’s journey to create a sustainable future for current and future generations.

“This collaboration also deepens our presence in Malaysia and highlights our innovative technological solutions to the wider REC industry. It also paves the way for deploying such similar proven solutions in other countries. Utilising our expertise and experience, REDEX will work closely with TNBX to enable more renewable electricity certification in Malaysia.”

A wholly-owned subsidiary of Malaysia’s leading utility company Tenaga Nasional Berhad (TNB), TNBX is the premier one-stop mREC solutions provider for Malaysian consumers and businesses.

TNBX Managing Director, Ir. Mohd Razif Abd Halim said, “The revamped mGATS is a significant step forward in Malaysia’s journey towards low carbon energy future. In line with the National Energy Transition Roadmap (NETR), this initiative will promote renewable energy and bolster the country’s ambition to achieve net zero carbon emissions by 2050.

“We are pleased to have REDEX, an experienced REC solution provider as our exclusive partner and we look forward to working with REDEX to develop a world-class platform for Malaysian corporate and industrial entities to use. TNBX will continue to provide practical and user-friendly renewable energy solutions for our valued customers and the Malaysian market. mGATS is now open for account registration at www.mgats.com.my. Do contact TNBX for more information on acquiring your mREC in Malaysia.”

About REDEX

REDEX provides innovative technological solutions that enable companies to adopt renewable energy with ease. Headquartered in Singapore, REDEX developed and operates Asia’s leading trading platform for Renewable Energy Certificates (RECs). We offer a one-stop ecosystem for RECs, supporting clients through the full REC lifecycle – asset registration, verification, marketplace and retirement.

Committed to accelerate the global transition towards clean, green and renewable energy, REDEX won the 2023 Emerging Enterprise Sustainability Award in Singapore.

Discover more at www.redex.eco.

About TNBX Sdn Bhd

TNBX is a wholly-owned subsidiary of TNB that focuses on ‘beyond the meter’ solutions. TNBX aims to provide more value propositions to customers through smart and innovative solutions especially in Renewable Energy (RE) and Energy Efficiency (EE). This is done through providing a one-stop center solution to the customers and nation such as Supply Agreement – Renewable Energy (SARE), Malaysia Renewable Energy Certificate (mREC), and EV charging platform.

For media queries, please contact:
Lin Daoyi
Manager, Public Affairs and Communications
Tel: +65 98508979
Email: daoyi.lin@redex.eco

Paw Pro GmbH Announces $1.5M Partnership with Health Reasoning to Launch Innovative Web3 Platform

Nashville, TN, May 20, 2024 – (ACN Newswire) – Paw Pro GmbH, a leader in Pet Health, is thrilled to announce a $1.5 million partnership with Health Reasoning, a pioneer in Healthcare AI and tokenization. This strategic collaboration aims to develop and deploy an innovative Web3 platform featuring the revolutionary Treats token and redeemable NFTs.

The partnership highlights the growing synergy between Paw Pro’s vision for enhanced customer engagement and Health Reasoning’s expertise in blockchain technology. This collaboration is poised to deliver a state-of-the-art digital ecosystem that will redefine user interaction and reward mechanisms within Paw Pro’s community.

Platform Features:

Treats Token: A blockchain-based utility token designed for transactions, rewards, and incentives within the Paw Pro ecosystem uniting all pet lovers. Detailed information about the Treats token will be available in an upcoming white paper.

Redeemable NFTs: Unique digital assets that users can acquire, trade, and redeem for various rewards, enhancing user engagement and loyalty.

“We are excited to partner with Health Reasoning to bring cutting-edge blockchain technology to our platform,” said Katrina Graue, CEO of Paw Pro GmbH. “This collaboration will not only enhance our service offerings but also provide our users with innovative ways to interact with and benefit from our ecosystem.”

“Health Reasoning is thrilled to join forces with Paw Pro GmbH in this transformative project,” said Damon Spiceland, CEO of Health Reasoning. “Our expertise in AI and Blockchain technology combined with Paw Pro’s vision for customer engagement will set a new standard in the industry.”

This partnership underscores Paw Pro’s commitment to leveraging advanced technologies to provide unparalleled value to its users. The development and integration of the Web3 platform will begin immediately, with the first phase of the project expected to launch this summer.

For more information about Paw Pro GmbH and Health Reasoning, please visit https://paw-pro.com/ and https://healthreasoning.com/.

About Paw Pro GmbH

Paw Pro GmbH is a leading innovative company in bacteria-based nutrition supplements for dogs, dedicated to improving the well-being of pets through advanced solutions and exceptional care. At PawPro, we offer natural and chemical-free pet supplements, especially created to protect pets, helping them strengthen their immune system for a long, happy life. Our patented combination of elements, sourced from the highest quality ingredients, ensures that our products are unique and highly effective. We produce our supplements at a state-of-the-art medical research center in Germany. Paw Pro’s vision is to become one of the leading pet supplement brands in the market, meeting and exceeding the standards of our clients by providing them with healthy and natural products for their pets. We aim to protect dogs, supporting their natural immune system and improving their lifestyle as a result.

About Health Reasoning

Health Reasoning is a pioneering company in Healthcare, specializing in blockchain and artificial intelligence solutions that drive transformation and efficiency. Health Reasoning’s mission is to harness the power of blockchain technology to create secure, transparent, and user-centric digital ecosystems.

Media Contacts:

Paw Pro GmbHKatrina Graue
CEO
Katrina.graue@paw-pro.com
+49 155 61687211

Health Reasoning
Damon Spiceland
Chief Executive Officer
damon@healthreasoning.com
615-218-7594

Shaping a Green Future for Textile Industry- Aimer 2024 New Presentation of Seaweed Fiber Pajamas

BEIJING, May 20, 2024 – (ACN Newswire) – Environmental protection has become a common challenge of all humanity, as the global warming is worsening and natural resources are falling short. Aimer Group, a textile leader, presented its answer to this global issue with its practical actions and developed, with the exclusive technical support of the State Key Laboratory, the world’s high-end marine natural multi-functional underwear for the first time in May 2023. Thanks to its one-year technological accumulation, Aimer launched a newly upgraded seaweed fiber series overseas in 2024, leading the green revolution of the textile scene once again.

Seaweed fiber: a Double Guarantee of Both Environmental Protection and Health

Worldwide, as environmental protection has become a key part of corporate social responsibility, a growing number of consumers are going for sustainable and green products, driving the global textile industry towards a path of green development. Aimer Group, therefore, jumps on the bandwagon and utilizes the seaweed fiber to meet the needs of consumers for healthy and comfortable products, and to demonstrate its commitment and contribution to environmental protection efforts.

By propelling its industrial application of high yarn count seaweed fiber, Aimer Group looks to hugely enhance the quality and comfort of the fabrics, and demonstrate its leading position and technological strengths in the field of green textiles. What’s more, seaweed fiber pajamas features a pipeline of patented technologies, including glued clothes-making method, utility model patent for sleep wear, and edge-shrinkage structure patent, while strictly following four execution standards of AAA-level antibacterial function, anti-mite performance, breathability, and hyaluronic acid content, providing consumers with comprehensive health protection.

Market recognition: the Double Glory of Both Quality and Innovation

Seaweed fiber pajamas, thanks to its stellar quality and innovative design, has been awarded the title of “Designated Product at the Chinese Sleep Congress” and stood out in the International Awards of Golden Sleep 2023. Winning two Awards of the “Annual Selected Sleep Equipment of Better Sleep Choice” and “Annual Innovative Business Practice”, seaweed fiber pajamas has fully demonstrated its remarkable performance and innovative strength.

As quality sleep is crucial for our health and quality of life, Aimer strives to present better sleep from the healthy and comfortable seaweed fiber to more consumers. Since 2010, Aimer Group has been making inroads into overseas markets and bringing high-quality underwear to consumers across the globe. Specifically, the Group has seen its business presence in a great many overseas boutique shops, serving as a bridge to interact with overseas consumers. Seeking to showcase Aimer’s exquisite craftsmanship and unique design, these shops have also conveyed Aimer’s unwavering commitment to environmental protection and sustainable development.

Looking ahead to the future, Aimer Group will adhere to its environment efforts and innovative design to grow the textile industry in a green way; Besides, the Group, through its innovative technology, will produce more green and healthy products and services, and contribute to the sustainable development of our planet Earth by working with global partners.

Media Contact
Aimer
Tiffany Zhang
Email: aimermarketing@aimer.com.cn
Website: https://aimeronline.com/
Telephone: +86 19520498831

Asia Summit on Global Health and Hong Kong International Medical and Healthcare Fair conclude successfully

ASGH attracted 2,800+ participants from 40 countries and regions
Medical Fair welcomed 12,000+ buyers from 60 countries and regions
360+ deal-making sessions and 650+ business matching meetings were arranged to facilitate cross-sector collaboration
Signing of cooperation agreements at ASGH fostered collaboration across healthcare, including ophthalmology, gastrointestinal well-being, AI and innovative drugs

HONG KONG, May 19, 2024 – (ACN Newswire) – China’s 14th Five-Year Plan supports Hong Kong’s development into an international innovation and technology hub, which will provide new opportunities in healthcare and promote the city as an international health innovation hub.

Global healthcare leaders, medical product and service traders, start-ups and investors gathered in Hong Kong for the third International Healthcare Week, organised by the Hong Kong Trade Development Council (HKTDC), to engage in conversation on the healthcare industry’s latest developments and trending topics.

The flagship events, the fourth Asia Summit on Global Health (ASGH) and the 15th edition of the Hong Kong International Medical and Healthcare Fair (Medical Fair), concluded successfully yesterday. ASGH attracted over 2,800 participants from 40 countries and regions, while the Medical Fair welcomed over 12,000 buyers from 60 countries and regions.

More than 360 one-on-one deal-making sessions and over 650 business matching meetings were arranged to facilitate cross-sector collaboration.

Dr Peter K N Lam, Chairman of the HKTDC, said: “Global health issues, such as ageing populations, novel infectious diseases and climate-related health threats, have accelerated the need for innovation, collaboration and inclusion. The Asia Summit on Global Health and Hong Kong International Medical and Healthcare Fair have greatly contributed to advancing health and medical innovation and fostering vital industry exchange. Being able to bring together leading figures in healthcare-related industries in Hong Kong is a testament to our city’s position as a leading hub for medical innovation.”

Healthcare experts discuss trending topics

The Summit brought together over 80 experts, researchers, medical professionals, business leaders, investors and representatives from the healthcare industry worldwide. They engaged in fruitful discussions on diverse forward-looking issues, ranging from healthcare innovation, innovative drugs and China’s healthcare development to healthcare investment prospects and healthcare insurance.

At the first plenary that discussed opportunities in co-creating a synergistic health innovation ecosystem, Prof Lo Chung-mau, Secretary for Health of the Hong Kong SAR, said: “Hong Kong is on a road to reform its medical product registration and innovate biomedical research in the coming decade. With the national endorsement and our policy innovations, together with the can-do spirit of our people bolstered with our traditional and new advantages, I am confident that Hong Kong will overcome all challenges and achieve its goal of developing into a health and medical innovation hub.”

Another highlight was Prof Roger Kornberg, Nobel Laureate in Chemistry 2006, in the second plenary who highlighted the latest biotech advancements. He pointed out: “The chief limiting factor in research today is financial support. The Hong Kong government has taken important steps very recently and announced a programme to invest HK$6 billion in a research centre for fundamental studies. It’s a good beginning, but it should not end there,” Prof Kornberg said.

He added: “Most discoveries are made by young people. The importance of creating opportunities for young people to gain early independence and to be adequately supported to pursue their curiosity, in whatever direction that may take, is the key to success.”

In the Dialogue with Global Pioneer in Health, Prof Michael Hanna, Director of UCL Queen Square Institute of Neurology of University College London, shared the latest trends and research findings in neuroscience and mentioned the importance and power of global collaboration in determining genetic risk factors.

In the session What’s Next in China’s Healthcare Arena, medical experts and business leaders analysed the latest healthcare developments and investment environment in Mainland China. Antony Leung, Group Chairman of Nan Fung Group, pointed out that a good patient experience is the area the industry can explore and invest in.

During the Advancing Healthcare in Asia Through Innovation session, Yasushi Okada, Representative Corporate Officer and COO of Eisai Co., Ltd., said Hong Kong continues to be an important hub for East Asia and ASEAN, playing a vital role in the advancement of science, technology, finance and economy. Enterprises sign agreements, 360 matching sessions held ASGH Deal-making matched healthcare investment projects with investors, including angel investors, venture capitalists, corporate venture capitalists, private equity firms and family offices. More than 360 one-on-one sessions between investors and project owners took place.

To foster collaboration across healthcare, including ophthalmology, gastrointestinal well-being, AI, innovative drugs and more, this year’s Summit facilitated the signing of cooperation agreements, including:

-Zhaoke (Hong Kong) Ophthalmology and PT Erela Indonesia;

-Optima International and TRB Chemedica (Thailand);

-Gense Technologies and EC Healthcare;

-Schweitzer Health Biotech Co., Ltd and DKSH Hong Kong;

-PanMediso Capital Limited and The Hong Kong Polytechnic University;

-AstraZeneca and Centre for Translational Stem Cell Biology (CTSCB);

-Uni-Bioscience Group, Great Bay Bio and Pebble Accelerator

These partners were all connected via previous editions of the Summit and HKTDC’s global network. In particular, AstraZeneca and CTSCB will work together to advance scientific research and translate the findings into healthcare solutions that improve lives and foster the development of the healthcare ecosystem.

Additionally, the LiverCare – Hong Kong 10 Million Liver Scans Program launch ceremony was held at ASGH. The Hong Kong LiverCare Alliance plans to carry out 10 million early screening tests for liver disease to raise public awareness of liver disease prevention and treatment.

Facilitating business connections and matching at Medical Fair

The Medical Fair, organised by the HKTDC and co-organised by the Hong Kong Medical and Healthcare Device Industries Association (HKMHDIA), brought together some 300 exhibitors from eight countries and regions, including six local universities, the Hong Kong Science and Technology Parks (HKSTP) and healthcare enterprises led by HKMHDIA.

“We have connected with over 150 new customers, and we believe that more than half of them have collaboration opportunities. We expect to secure orders with a total value of around US$3 million,” said Dr Cheng Man-Hong, Director of medical equipment company Maxwin & Honwell Limited. The company had a successful debut at the Medical Fair. “We also discussed with potential medical companies from Canada, the UK, Taiwan and Thailand. Through the Click2Match platform, we successfully matched with buyers from Indonesia and India,” Dr Cheng added.

Gold Together Technology Limited, another Hong Kong exhibitor, capitalised on domestic opportunities and received enquiries from local hospitals under the Hospital Authority, such as Kowloon Hospital, Princess Margaret Hospital and private hospitals, like Hong Kong Sanatorium and Hospital and Union Hospital, with a potential value of HK$50 million.

Participating in the Medical Fair for the third time, VVFLY Electronics Co., Ltd. from Mainland China promoted sleep health products, such as AI-powered anti-snoring devices. Lily Li, the company’s Sales Director, mentioned that the Fair helped them expand into the Southeast Asian and South Asian markets, and they were highly satisfied with the results. “An Indian customer purchased 1,000 breathing machines on the first day, totalling US$150,000-$200,000. Later, we also received orders from buyers in Thailand, Malaysia and the Philippines, totalling around 500 breathing machines, exceeding our expectations.”

Assel Abakova, Deputy Director of Amanat LLP Pharmaceutical Company from Kazakhstan with an extensive distribution network in the country and neighbouring regions, such as Kyrgyzstan and Central Asia, visited the fair for the first time. In view of the growing cases of laryngeal cancer in the region, there is demand for a rapid diagnostic tool to facilitate immediate treatment. “We found a Hong Kong exhibitor that offers AI-enabled diagnostic solutions, which may relieve the shortage of medical and testing professionals in the region,” she said. The buyer will continue discussions with the exhibitor to customise and localise the solution, and the potential project value could exceed US$10 million.

Seminars on wide-ranging topics were held during the Fair, attracting keen participation from healthcare professionals. In the HKMHDIA Medical Fair Forum, experts discussed topics, such as gerontechnology and smart health. Those who missed the seminars can watch the replay on the Fair’s website at https://bit.ly/3DNBBXy.

The Medical Fair ran under the HKTDC’s EXHIBITION+ hybrid model. In addition to the physical fair, buyers can extend their sourcing journey online via the Click2Match smart business matching platform until 25 May as well as via hktdc.com Sourcing.

Websites
International Healthcare Week: https://internationalhealthcareweek.hktdc.com/en
Asia Summit On Global Health: https://www.asiasummitglobalhealth.com/conference/asgh/en
Hong Kong International Medical and Healthcare Fair: https://www.hktdc.com/event/hkmedicalfair/en
Photo download: https://bit.ly/4bJHOms

ASGH attracted over 2,800 participants from 40 countries and regions

Prof Roger Kornberg, Nobel Laureate in Chemistry 2006 and Professor of Structural Biology at Stanford University, said “The Hong Kong government has taken important steps very recently and announced a programme to invest HK$6 billion in a research centre for fundamental studies. It’s a good beginning, but it should not end there.”

Zhaoke Ophthalmology and PT Erela from Indonesia signed a cross-border cooperation agreement on eye diseases

AstraZeneca and Centre for Translational Stem Cell Biology (CTSCB) formalised their cooperation at ASGH to develop life-improving healthcare solutions.

The Hong Kong International Medical and Healthcare Fair featured various zones, attracting over 12,000 buyers from 60 countries and regions

The HKSTP pavilion, comprising more than 30 start-ups, showcased cutting-edge medical equipment, diagnostic and analysis solutions and telemedicine technology

The debut Hungary pavilion showcased medical instruments applicable to fields, such as analytical testing science. Antibacterial coatings have also been featured.

HKMHDIA Medical Fair Forum, co-organised by the Hong Kong Medical and Healthcare Device Industries Association, explored Hong Kong’s developments in smart health and innovative transformation

Media enquiries

For enquiries, please contact Hill & Knowlton:

Joyce Kwong	Tel: (852) 2894 6321	Email: joyce.kwong@hillandknowlton.com
Lynn Zhang	Tel: (852) 2894 6301	Email: lynn.zhang@hillandknowlton.com

HKTDC’s Communications & Public Affairs Department:

Asia Summit on Global Health

Clayton Lauw

Tel: (852) 2584 4472

Email:clayton.y.lauw@hktdc.org

Hong Kong International Medical and Healthcare Fair

Jane Cheung

Tel: (852) 2584 4137

Email:jane.mh.cheung@hktdc.org

Media Room: http://mediaroom.hktdc.com

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

H World Group Limited Reports Q1 2024 Financial Results with 17.8% Revenue Growth, Surpassing Expectation

HONG KONG, May 17, 2024 – (ACN Newswire) – H World Group Limited (“H World” or the “Group”, NASDAQ: HTHT.US, HKEX: 1179.HK) announced its unaudited financial results for the first quarter ended March 31, 2024 (Q1).

Revenue, Income from operations, and EBITDA All Increased

Leveraging an efficient regional structure to rapidly expand its hotel network and gradually penetrate resilient lower-tier cities, H World Group continues to secure its leading position in the limited-service market with high-quality products and services. The Group persistently improves the structure of its mid-to-high-end brands and increases market share. In Q1 2024, the Group’s revenue reached RMB 5.3 billion (equivalent to USD 731 million), representing a year-on-year growth of 17.8%. Revenue from the Legacy-Huazhu segment in the first quarter of 2024 was RMB 4.2 billion, which increased 18.1% year-over-year, while Revenue from the Legacy-DH segment in the first quarter of 2024 was RMB 1.0 billion, which increased 16.6% year-over-year. Both the Legacy-Huazhu segment outperformed the previously announced revenue guidance. The Group’s hotel turnover increased by 21.1% YoY to RMB 19.7 billion.

Income from operations in the first quarter of 2024 was RMB 1.0 billion (US$ 139 million), compared to RMB664 million in the first quarter of 2023 and RMB 757 million in the previous quarter. Income from operations from the Legacy-Huazhu segment in the first quarter of 2024 was RMB 1.1 billion, compared to RMB 822 million in the first quarter of 2023 and RMB 821 million in the previous quarter.

To better reflect the profitability of the Group’s core businesses, it announced that the adjusted EBITDA (non-GAAP) for the first quarter of 2024 was RMB 1.4 billion (approximately USD 197 million), compared to RMB 1 million in the first quarter of 2023 and RMB 1.1 billion in the previous quarter.

Key Performance Indicators (RevPAR, ADR, OCC) Increase Year-on-Year

In the first quarter of 2024, Legacy-Huazhu and Legacy-DH both saw significant improvements in their three core business metrics. Legacy-Huazhu’s average revenue per available room (RevPAR) increased by 3.1% year-on-year, reaching RMB 216. Second, the average daily rate (ADR) rose from RMB 277 in the first quarter of 2023 to RMB 280. The occupancy rate (OCC) for all operating hotels also increased by 1.6% Year-on-Year. In addition, Legacy-DH also performed well. On an international stage, RevPAR increased by 4.5% year-on-year, ADR improved by 0.2% year-on-year, and OCC increased by 2.3 percentage points year-on-year, demonstrating the Group’s growth potential and market competitiveness on a global scale.

These figures not only showcase the Group’s effective pricing strategy but also reflect the market’s strong trust and recognition of the H World brand. H World Group has effectively increased overall revenue, further solidifying its leading position in the market.

A Focus on Economy and Midscale Brands Drives Continuous Market Expansion

As of March 31, 2024, H World’s worldwide hotel network operated 9,817 hotels with 955,657 rooms, including 133 DH hotels. Legacy-Huazhu continued its rapid pace of opening new hotels, with 569 new openings in Q1. H World had a total of 3,172 unopened hotels in the pipeline, including 3,138 hotels from the Legacy-Huazhu business and 34 hotels from the Legacy-DH business.

H World is actively focusing on a lean growth strategy centered on excellent service, intensifying efforts to build a high-quality hotel network. On one hand, Legacy-Huazhu continues to upgrade its “iron triangle” brands— HanTing Hotel, JI Hotel, and Orange Hotel— to better serve the general market’s essential needs. At the same time, the Group is also prioritizing mid-to-high-end brands to meet the diverse consumption demands of different customer groups.

The CEO Jin Hui stated, “The first quarter’s performance was strong, with revenue exceeding our expectations. The total number of hotel openings and hotels in the pipeline for the first quarter reached an all-time high, and our efforts continue to be well-received by the market. Looking ahead, our confidence in the long-term growth of China’s lodging market remains unchanged. We believe that our ‘lean growth strategy on excellent service will help us achieve high-quality store expansion and improve customer satisfaction, thereby gaining a stronger competitive edge. For our international business, we will continue to focus on reducing costs and improving efficiency to achieve better profitability. We will also strive to transform our business into a more asset-light model, strengthen direct sales through the Huazhu Global Loyalty Program, and seek growth opportunities in new regions outside Europe.”

For the second quarter of 2024, Huazhu expects revenue to increase by 7% to 11% compared to the second quarter of 2023, or by 7% to 11% (excluding Legacy-DH).

About H World Group Limited:

Originated in China, H World Group Limited is a key player in the global hotel industry. H World’s brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, Blossom House, Ni Hao Hotel, CitiGO Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels, Steigenberger Icon and Song Hotels. In addition, H World also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region.

H World’s business includes leased and owned, manachised and franchised models. Under the lease and ownership model, H World directly operates hotels typically located on leased or owned properties. Under the manachise model, H World manages manachised hotels through the on-site hotel managers that H World appoints, and H World collects fees from franchisees. Under the franchise model, H World provides training, reservations and support services to the franchised hotels, and collects fees from franchisees but does not appoint on-site hotel managers. H World applies a consistent standard and platform across all of its hotels.

For more information, please visit H World’s website: https://ir.hworld.com.

For inquiry, please contact Intelligent Joy Limited:
Cathy Pan & Chow Tsz Lung & Sylvia Peng
Tel: (852) 3618-8460
Email: cathy.pan@intelligentjoy.com / tszlung_chow@intelligentjoy.com / sylvia.peng@intelligentjoy.com

Top executives from SDAIA, Saudi Aramco, Almarai, Saudi Pro League & many others coming to speak at Smart Data & AI Summit

RIYADH, May 17, 2024 – (ACN Newswire) – Gathering nationwide anticipation, Saudi Arabia’s inaugural edition of Smart Data & AI Summit on 27 – 28 May 2024 in Riyadh is reserving a spot in every thought leader’s calendar.

Set to happen at one of KSA’s most iconic venue, JW Marriott Hotel Riyadh, the summit is pacing to navigate the future of big data analytics and AI. At the heart of this summit there’ll be discussions led by the most senior executives from Saudi Electricity Company, Economic Cities and Special Zones Authority, King Saud Medical City, Saudi Aramco, Ministry of Hajj & Umrah, Almarai, Saudi Pro League, Council of Health Insurance, MOMRAH and many others.

Underscoring the significance of these technologies for the second-largest company in the world, Nayef Al-Otaibi (VP & Chief Digital Officer, Saudi Aramco), who also happens to be the summit’s key speaker expressed, “A.I. is touching every part of our company – from managing plants to improving logistics and calculating reserves. Big data is helping make more discoveries while enhanced reserves calculation is being made possible by combining advanced machine-learning with the data gathered by in-house experts. Aramco has recently developed its own large language model, called AramcoMETABRAIN, that is an industrial-grade large language model. AramcoMETABRAIN has grown to a ~250 billion parameters model, to make predictions, generate outputs and act as a foundational layer for our future generative AI applications.”

Among the 300+ attending Data Analytics & AI professionals, there will be heavy participation from CDOs, CIOs, Heads of IT, Data & Business Intelligence, Modelling & Mining, Analytics, Directors of AI, Machine Learning, Robotics, and a lot more.

The summit will highlight the great strides taken by Vision 2030 alongside encouraging global cooperation and innovation. With participation hailing from diverse sectors, all united by a commitment to a data-driven future, Smart Data & AI Summit will establish the perfect precedent for the international organisations towards a global community underpinned by the latest technologies.

From insightful keynotes to detailed discussions with technology gurus and policy influencers, the summit will cover key topics under data analytics & AI domains, including but not limited to ‘Embarking on the Kingdom’s Data Oasis’, ‘Bridging Prediction and Creation with Generative and Predictive AI’, ‘Leveraging the Power of Data Mesh to Maximize the Value Derived from Data’, ‘Augmented Analytics in Action’, ‘Integrating Artificial Intelligence into Marketing Analytics’ and others.

Post-confirming his participation for the summit, Dr. Faisal Alnasser, the CIO from Almarai, Saudi’s leading dairy company, stated his exemplary vision behind participating at the platform, “As the Kingdom takes massive strides towards embracing the most advanced data-driven changes, Almarai, the nation’s most loved brand, is actively striving to spearhead innovations and lead by example. By participating at Smart Data & AI Summit, I would like to encourage a culture of knowledge-based economy wherein Saudi organisations can reach the pinnacle of agility, growth, and success by harnessing the latest technologies.”

Organizer and CEO of Tradepass, Sudhir Ranjan Jena, expressed how the platform aims to change the country’s dynamics around emerging technologies, “Smart Data & AI Summit will stand as a beacon of massive paradigm shifts and encourage global capital flows into the Kingdom’s data-driven and AI streams. Considering the strong participation from technology behemoths, the platform will also help in shaping the global narrative on emerging technologies.”

For more information about the event, log on to: https://saudi.smartdataseries.com/

About Tradepass

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

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

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

CITIC Telecom CPC’s Innovation Excellence Honored with 2 Innovation Awards

HONG KONG, May 17, 2024 – (ACN Newswire) – CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883) is pleased to announce that its two AI-driven Innovative solutions ” AIGC-Blockchain Integrated Solutions ” and “AI Databank” have honored with two innovation awards from industry contests in Mainland China and Asia Pacific respectively. These two awards affirm CITIC Telecom CPC’s “Innovation Never Stops” vision and pursuit of excellence, showcasing the outstanding achievements of its innovation team in DICT technologies, while demonstrating its “AI+ Cloud Network Security” integrated platform capabilities, staying ahead of the curve with its international strategic position.

The 2 industry awards areï¼š

AIGC-Blockchain Integrated Solutions won “XuperCore Open Source Blockchain Innovation Competition – Second Prize in Innovation Application Challenge”
AI Databank is honored by “CW Innovation Awards APAC 2024” organized by Computer Weekly

Mr. Ivan Lee, Vice President of Information Technology Services and Data Science of CITIC Telecom CPC, said, “We are honored to receive these two innovation awards in recognition of our commitment to pushing the boundaries of innovation and developing excellent solutions. The awards are also a testament to our team’s dedication to innovation, deep expertise, perseverance, and determination to breakthrough and transform cutting-edge concepts into innovative solutions, while integrating AI elements into enterprise solutions to redefine technologies and optimize “Cloud, Network, Intelligence, Security” services. As a pioneer in embracing the DNA of innovation and DICT technologies, CITIC Telecom CPC will continue to foster its commitment to technological innovation, enhance its core competitiveness, empower enterprises to accelerate their digital transformation journey through the “Go Global” and “Attract Foreign Investment” strategy, creating values for customers, driving them towards achieving high-quality development.”

AI Empowers Copyright Protection – Blockchain-based AIGC Multimedia Digital Watermarking Solution

CITIC Telecom CPC’s Research and Development team participated in XuperCore Open Source Blockchain Innovation Competition jointly organized by OpenAtom Foundation, Industry and Information Technology Department of Jiangsu and Baidu Online Network Technology (Beijing) Co., Ltd, clinching the second prize in Innovation Application Challenge with its AIGC-Blockchain Integrated Solutions. This provincial competition requires participating teams to apply blockchain scenarios in their innovative solutions as submission entries. CITIC Telecom CPC integrates blockchain and digital watermarking technologies to develop a copyright protection solution for AI Generative Content (AIGC) works, providing highly-efficient and reliable solutions for AIGC’s copyright management and regulatory compliance needs.

Enhances Copyright Protection and Monitoring Capabilities to Address Local Compliance Requirements

With the rapid development of AIGC applications, the demand for copyright protection, data privacy and regulatory compliance has increased around the world. Several countries and industries have formulated and proposed different policies on AI generative content. AIGC-Blockchain Integrated Solutions utilize the uniqueness of Nonce value in blockchain transactions to generate digital watermarks and embed it into AIGC works to enable the decoupling of copyright information and digital watermark being recorded in blockchain while interoperating with each other to ensure copyright protection and fast tracking. This solution has broad applications particularly for AI generative multimedia content platforms, supporting multiple types of AI generative works (photos, videos, audios, etc.) and facilitating quick copyright certification as well as improving monitoring efficiency. The solution can also work with smart assistants to record and limit data access through smart contracts on blockchain, raising the security and credibility of large models.

XuperCore Open Source Blockchain Innovation Competition – Second Prize in Innovation Application Challenge

AI Empowers Real-time Data Analysis – AI Databank Boosts Efficiency of Data Management, Analysis and Report Generation

As a revolutionary solution, CITIC Telecom CPC’s AI Databank leverages a powerful AI platform to address the pressing need for efficient data management, analysis and report generation. This solution simplifies report generation, optimizes resource allocation, and saves a lot of time and costs, providing an integrated platform across industries to formulate more effective and precise operations strategies.

Not only does AI Databank integrate fragmented data from various business systems (such as CRM and ERP) to provide data management and report generation functions, it also utilizes advanced large-scale language model technology to implement intelligent analysis and mining of data. Users can efficiently interact with the platform, swiftly retrieving data through dialog-based data queries facilitated with the Intelligent Report Assistant powered by natural language processing. The platform provides users and management with different dimensions of business data queries, which include raw data queries and various data charts for precise analysis. AI Databank can also generate associated questions based on user questions to increase the efficiency of data retrieval and analysis, enabling users and management to have in-depth research on data trends and risk analysis, and making accurate deployment and marketing strategies. In the future, the platform will be simultaneously integrated with external systems to collect more big data and effectively provide customer profile analysis, helping frontline sales teams better understand customer needs and preferences.

ICT-MiiND™ MarketPlace Unleashes a New Experience with Intelligent Solutions

CITIC Telecom CPC has been committed to empower enterprises to create an “Intelligence Operations Journey” by providing intelligent solutions to assist their business development and enhance competitive advantages. New digital platform “ICT-MiiND™ MarketPlace” is launched by CITIC Telecom CPC to allow customers to further explore different intelligent solutions. The platform provides different solutions powered by big data, AI, blockchain and other technologies, helping enterprises achieve digital and intelligent transformation in an efficient way. The unique experience of the platform inspires customers to explore innovative thinking in every aspect of their operational journey and unlock hidden potentials in operational efficiency and cost optimization.

ICT-MiiND™ MarketPlace provides technical demonstrations and scenarios of various intelligent innovative solutions in four major categories:

Natural Language Processing (NLP): Voice Recognition, Key Message Informaton Extraction, Smart Data Analysis Assistant
Computer Vision: Facial Recognition, Travelling Invoice Recognition
Network Security: AI Security Toolbox, AI Information Security Situational Awareness Platform & AI Security Visualization Solution
Operational Research: AI Rostering, AI Equipment Predictive Maintenance, AR Remote Hand Service, Intelligent Data Analysis Application

Mr. Ivan Lee added, “AI+ Cloud Network Security is the key focus area of CITIC Telecom CPC. Our Research and Development team leverages AI technologies and cloud network security capabilities to innovate a wide range of intelligent solutions and provide seamless experience and scalable architecture to accelerate digital transformation across industries, creating a profound impact and value for both industries and the community.”

About CITIC Telecom CPC

We are CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT™ private network solutions, TrustCSI™ information security solutions, DataHOUSE™ cloud data center solutions, and SmartCLOUD™ cloud computing solutions.

With the motto “Innovation Never Stops,” we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.

With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across nearly 160 countries and regions, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect nearly 170 points of presence (POPs), 60+ SDWAN gateways, 21 Cloud service centers, 30+ data centers, and three dedicated 24×7 Security Operations Centers (SOCs). We are certified with a series of international certifications, including SD-WAN Ready, ISO 9001, 14001, 20000, 27001, and 27017, to ensure our services compliance with international standards and resources for enterprises. We offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.

For more information, please visit www.citictel-cpc.com

Media Contacts:
Catherine Yuen
CITIC Telecom CPC
(852) 2170 7536
Email: catherine.yuen@citictel-cpc.com

London Climate Technology Show 2024 Returns For Third Edition at ExCeL London

LONDON, May 17, 2024 – (ACN Newswire) – Following the resounding success of its previous editions, the highly anticipated London Climate Technology Show is poised to make its triumphant return to ExCeL London from November 27-28, 2024.

As a premier platform for advancing the global net zero economy transition, the London Climate Technology Show 2024 promises to feature latest technology and innovative disruptions aimed at addressing the global climate crisis.With a dedicated focus on steering the transition towards a net-zero future, this edition will spotlight brilliant minds and leading companies esteemed for shaping a sustainable future with robust policies, collaborative ideas and groundbreaking technologies.

#CTS24 builds upon the strong foundation of its earlier editions and this year, the event aims to welcome over 6000+ attendees, 100+ exhibitors, 100+ speakers, 100+ associations and media partners and hundreds of journalists from across the world. The event will be an ideal place to connect, converge & collaborate with important industry players and get unparalleled insights into green tech innovations, effective decarbonisation strategies, and emerging business opportunities within the sector.

Adding on to its previous editions, #CTS24 amplifies its impact with dynamic multi-track conferences on Net Zero & Sustainability, AgriTech, EcoFunds, Carbon Capture, Built Environment, Climate Tech Innovation, Energy Evolution, and Carbon Markets. The conference will feature a stellar speaker lineup and content driven agenda, allowing participants to gain invaluable insights into the urgent need for collaborative global efforts to effectively tackle climate challenges head-on. Complementing the main program, #CTS24 will host engaging side events such as startup acceleration programs,workshops, etc fostering further opportunities for learning and collaboration.

Furthermore, the event will feature an immersive exhibition that will offer a dynamic platform for companies to showcase their innovative solutions and technological advancements in the field of sustainability. With an aim to gather thousands of industry professionals, #CTS24 will offer an opportunity for exhibitors to meet business partners in a highly engaging conducive environment. Moreover, the event is a right place for startups to present their ideas/offerings to the VCs and find the right investment for their business. This initiative aims to provide vital support for sustainable endeavours, thereby accelerating the adoption of eco-friendly technologies and practices.

The third edition of London Climate Technology Show is poised to break records on multiple fronts, from the scale of conference participation and exhibitions to the wider breadth of content, surpassing all previous milestones. Join us for an unforgettable experience that promises to ignite your passion and fuel your commitment to building a sustainable future. For more information and to register for the event, please visit: https://bit.ly/3TlN7AC

About the 3rd Annual London Climate Technology Show 2024 (CTS24)

Helping accelerate the global net zero economy transition, the London Climate Technology Show is the most sought after exhibition & conference focused on the fast developing climate technology value chain, where stakeholders from across the world assemble to experience two days of high value content and unparalleled business opportunities.

The London Climate Technology Show aims to be the largest climate technology exhibition and conference in the world for advancing the global net zero economy transition and shaping a sustainable future with ground breaking and collaborative technologies.

Aiming to accelerate the achievement of the goals outlined in the Net Zero pledges internationally, the event will bring together policymakers, industry leaders, investors, sustainability experts, and innovators to showcase the latest sustainability tech and drive the transition to a low carbon economy.

Building on two years of tremendous success, the globally acclaimed exhibition & conference will once again offer best-of-its-kind networking platform for governments, individuals and businesses of all sizes to showcase disruptive sustainability solutions to mitigate the climate crisis, help gain invaluable knowledge on green tech innovations & effective decarbonisation strategies accelerating the transition. At the core of the London Climate Technology Show is a shared mission to accelerate the transition to a sustainable, net-zero future.

Madhiya Nabi
PR and Communications Manager
Email Address: madhiya.nabi@valiantbmedia.com
Contact Number: +44 20 3287 8878

Sri Trang (SET: STA) announces delivery of EUDR rubber to customers

BANGKOK, May 17, 2024 – (ACN Newswire) – Sri Trang Agro-Industry PCL (SET: STA), the world’s leading and largest integrated natural rubber business operator and Thailand’s largest rubber glove manufacturer, began delivery EUDR rubber in May this year to several major branded tire manufacturers in Europe, South Korea, China and other countries, reinforcing the Company’s readiness to support the European measures to trace back the origin of natural rubber – the procedures are expected to come into force by the end of this year. Similar measures are also set to be implemented by countries in other regions around the world in the near future.

Mr. Veerasith Sinchareonkul, STA Managing Director & Executive Director, announced that, in April-May 2024, the Company began to deliver natural rubber compliant with EUDR (EU Deforestation Regulation) to customers who placed their orders by May 2024. STA’s “Traceable Natural Rubber (GPS)” commands higher selling prices than most other sources, with customers consisting of many nationalities from Europe, South Korea, China and other Asian countries where there is a demand for EUDR rubber to be processed into products that will be exported to countries in the European Union in response to upcoming EUDR enforcement expected by the end of 2024. The EUDR will regulate the export of natural rubber and products processed from natural rubber to Europe, requiring traceability verification to ensure that the sources of natural rubber are not involved in deforestation and are not an encroachment of forested areas.

Mr. Veerasith Sinchareonkul, Managing Director and Executive Director of Sri Trang Agro-Industry PCL — Mr. Veerasith Sinchareonkul, STA’s Executive Director & Managing Director

Currently, the Company is fully ready to export all types of EUDR rubber, such as latex concentrates, rubber blocks, rubber sheets, etc., This readiness results from ongoing preparations to support these measures. More importantly, the database management system has been developed in collaboration with farmers and rubber dealers to identify land designated for rubber plantations. This system inputs data into the “Sri Trang Friends of Farmers” application allowing 100-percent traceability of rubber sources. Additionally, the launch of “Traceable Natural Rubber (GPS)” enables direct tracing of produce back to its origins. These initiatives demonstrate the Company’s full readiness to comply with the EUDR requirements from Europe, as well as from other regions in the near future for full traceability of the sources of natural rubber.

“We have been preparing in advance for some time for the exportation of EUDR rubber to countries in the European Union or their trading partners. Our operations place full emphasis on the policy that prioritizes environmental, society, and good corporate governance, together with our stance on conducting business sustainably and transparently, and in compliance with regional regulations. The Traceable Natural Rubber (GPS) will enhance the competitiveness of the Sri Trang Group of Companies while also elevating Thailand’s standards on rubber production above those of other countries’. This initiative will also open up the opportunity to increase Thailand’s trade advantage and leverage higher prices for Thailand-sourced rubber,” Mr. Veerasith added.

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

About Sri Trang Agro-Industry PC

Sri Trang Agro-Industry PCL (STA) was established in 1987. With determination and intention, STA has grown and become a fully integrated natural rubber company. For the upstream business, the Company invested in large-scale rubber plantations and currently has an area of 7,500 hectares for rubber and other economic crop plantations in 19 provinces of Thailand. As the world’s largest fully integrated producer and distributor of natural rubber, STA is committed to growing in lockstep with the economic development of the local communities of Thailand.

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