Inaugural HKTDC Smart Lighting Expo, Spring Lighting Fair receive enthusiastic response

The inaugural Smart Lighting Expo and 15th Hong Kong International Lighting Fair (Spring Edition) concluded successfully today, attracting some 16,000 buyers from 107 countries and regions
Apart from local visitors, the fairs welcomed buyers from mainly Mainland China, Australia, India, Japan, Korea, the Philippines, Russia and the United States, underscoring the shows’ internationality
An on-site survey showed that 63% of industry players anticipated sales rising in the next 12 to 24 months
InnoEX and Hong Kong Electronics Fair (Spring Edition) will follow and open on Saturday at the Hong Kong Convention and Exhibition Centre

HONG KONG, Apr 9, 2024 – (ACN Newswire) – Organised by the Hong Kong Trade Development Council (HKTDC), the inaugural Smart Lighting Expo and 15th Hong Kong International Lighting Fair (Spring Edition) (Spring Lighting Fair) concluded successfully today. The twin lighting fairs welcomed some 16,000 buyers from 107 countries and regions, making a strong start to the HKTDC technology fairs in April.

Sophia Chong, Deputy Executive Director of the HKTDC, said: “As one of the partner events of the Business of Innovation & Technology Week (BITWeek), the inaugural Smart Lighting Expo and the 15th Hong Kong International Lighting Fair (Spring Edition) attracted not only buyers in Hong Kong but those from Mainland China, Australia, India, Japan, Korea, the Philippines, Russia and the United States, a testimony to the fairs’ internationality. The two lighting fairs brought enormous business opportunities to those in the industry and served as an ideal platform for exchanging ideas on the latest market development and trends.

“An exciting line-up of mega events will captivate visitors one after another, with the HKTDC launching the four-day InnoEX and Hong Kong Electronics Fair (Spring Edition) this Saturday (13 April) following the successful conclusion of the lighting fairs. We will also organise a series of lifestyle fairs later this month, including Fashion InStyle, Home InStyle, Hong Kong Gifts & Premium Fair, Hong Kong International Printing & Packaging Fair, the brand-new Deluxe Printpack Hong Kong and Hong Kong International Licensing Show, poised to foster economic development in Hong Kong across different industries.”

Smart lighting products unlock unlimited potential

An on-site survey of 507 exhibitors and buyers found 63% anticipated higher sales in the next 12 to 24 months while 35% expected stable sales, a testimony to optimism in the lighting market. Other key findings are as follows:

Market outlook and product trends:

Respondents considered the North America (62%), Mainland China (59.7%), ASEAN countries (59.6%) and Northern & Western Europe (55%) to be promising lighting markets over the next two years in terms of growth.
For the industry overall, household lighting systems that are compatible with or can be controlled by smart phone/tablet applications (40%), smart lighting systems primarily geared for energy-saving for household/industrial/commercial purposes (38%) and household lighting systems that are connected to or compatible with the Internet (27%) were considered to have the greatest market potential.
Respondents named home automation and smart lighting control systems (46%), energy-efficient lighting control solutions (37%) and outdoor smart security lighting systems (22%) as having the biggest potential for smart lighting.
Respondents revealed that consumers would be willing to pay an average premium of 24% for smart-lighting products.

Participants applaud robust trading opportunities

Organised under the theme Bright Lighting • Smart Living, the lighting fairs attracted over 1,300 exhibitors and featured a diverse array of innovative lighting products and technologies ranging from sustainable and human-centric lighting to fashionable lighting products.

Among zones, the Smart Ecosystem and IoT Supply Chain Area in the Smart Lighting Expo and the Hall of Aurora in the Spring Lighting Fair captured the attention of many buyers.

Trading at the twin shows was promising. Mars Lee, CEO of Zhongshan OBALS Lighting Electric Co., Ltd., said: “The debut Smart Lighting Expo is a good platform to promote our customised smart lighting products and apps targeting high spending markets in Australia and Europe. We are so happy that on the first day of the fair, multiple buyers from Australia and Europe have placed orders for our smart lighting control systems, track lights, downlights and linear lights worth RMB3.8 million [US$525,000] in total. We are very satisfied with the results and have already signed up for next year’s Smart Lighting Expo.”

Orachat Leingpeboon, Vice President Smart City Promotion, Digital Economy Promotion Agency (DEPA) from Thailand, visited the Smart Lighting Expo and said: “I am here to see the latest smart lighting solutions, energy-saving and eco-friendly products for smart city development projects in Thailand. I’ll provide my suggestions to related government departments and bridge the supply and demand sides. At the Expo, I have seen new and interesting technologies such as solar wrap poles, smart home solutions and horticultural lighting. I’ll share these new technology updates with related government departments and the public in a webinar in Thailand. I’ll recommend the twin fairs to the Department of Alternative Energy Development & Efficiency and the Illuminating Engineering Association of Thailand too.”

At the Spring Lighting Fair, a loyal exhibitor from Hong Kong, Walter Zeng, Product Manager of KTE Electrical Ltd., said: “On the first fair day, we have talked to more than 200 overseas buyers mainly from Europe. The HKTDC’s Click2Match platform also provides extra opportunities for us to find new buyers and we have already set up at least three online meetings. We estimate that our sales turnover generated by this fair will surge by 50-80%.”

Firat Kendal Aksoy, General Manager of Kendal Elektrik from Turkiye, said: “We visit the Spring Lighting Fair regularly to source new products and close deals with existing suppliers. This year, I have found three potential suppliers of magnetic track lights, solar lights, desk lamps, new designs for cabinet lights and spotlights. I have already finalised my orders with two suppliers for a total of US$1.5 million worth of LED bulbs, floodlights and ceiling lights. I am going to close another eight to nine deals during the fair period. The Scan2Match function allows me to bookmark favourite suppliers in the HKTDC Marketplace App and know more about their new products.”

Under the hybrid EXHIBITION+ model, the twin lighting fairs combined in-person sourcing with online meetings via the HKTDC’s Click2Match smart business-matching platform and hktdc.com sourcing platform. Click2Match will be available until 16 April to facilitate discussions between exhibitors and buyers around the world.

InnoEX and Spring Electronics Fair to launch this weekend

The second edition of InnoEX, co-organised by the Innovation, Technology and Industry Bureau of the Hong Kong Special Administrative Region (HKSAR) Government and HKTDC, will return to the Hong Kong Convention and Exhibition Centre on 13 April. The four-day exhibition, themed Innovations for A Smarter World, will gather global next-generation smart solutions and disruptive innovative technologies to promote innovation and foster cross-disciplinary cooperation, showcasing Hong Kong’s strengths as an international innovation and technology (I&T) hub. To be staged concurrently, the Hong Kong Electronics Fair (Spring Edition) will showcase the latest electronic products and cutting-edge I&T solutions of renowned brands and I&T companies across the globe.

Photo Download: https://bit.ly/49sHoiT

Organised by the Hong Kong Trade Development Council (HKTDC), the inaugural Smart Lighting Expo and the 15th Hong Kong International Lighting Fair (Spring Edition) concluded successfully today, attracting some 16,000 buyers from 107 countries and regions.

The Smart Lighting Expo featured pavilions of Foshan city, Zhongshan city and Jiangmen city’s Jianghai district, strongholds of the lighting industry in the Guangdong-Hong Kong-Macao Greater Bay Area, while the Spring Lighting Fair featured pavilions from Jiangsu province and Xiamen city.

The Hall of Aurora at the Spring Lighting Fair featured premium lighting products from more than 260 renowned brands.

The lighting fairs featured the Asian Lighting Forum and Smart Lighting Solution Forum where experts shared insights on trends and developments in the lighting industry, such as AI, IoT, smart home and human-centric lighting for healthcare market, serving as valuable platforms for knowledge exchange and networking among industry professionals.

The HKTDC’s Scan2Match service enabled buyers to use the HKTDC Marketplace App’s Scan2Match function to bookmark their favourite exhibitors, browse product information and e-floor plans, enquire about products, facilitating online business discussions with exhibitors during or after the show period.

Fair websites
Hong Kong International Lighting Fair (Spring Edition): hklightingfairse.hktdc.com
Smart Lighting Expo: smartlightingexpo.hktdc.com
InnoEx: innoex.hktdc.com
Hong Kong Electronics Fair (Spring Edition): hkelectronicsfairse.hktdc.com
HKTDC Media Centre: https://mediaroom.hktdc.com/en

Media enquiries

The HKTDC’s Communications and Public Affairs Department:

Jane Cheung

Tel: (852) 2584 4137

Email: jane.mh.cheung@hktdc.org

The HKTDC’s Media Room: http://mediaroom.hktdc.com/en

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

WizMediBio Signs Contract with the Wisconsin Alumni Research Foundation (WARF) for Botulinum Toxin Strain

SEOUL, S.KOREA, Apr 9, 2024 – (ACN Newswire) – WizMedi Bio Co., Ltd. (WizMedi Bio) today announced that it has reached a formal agreement with the Wisconsin Alumni Research Foundation (WARF), established by the University of Wisconsin, for the patent and technical licensing of the A6 botulinum neurotoxin strain. This agreement enables WizMedi Bio to prove the origin of the strain, which has been the primary hurdle to the botulinum toxin business, and paves a pathway to develop a stable new business in the market.

The A1 botulinum toxin currently dominates the market and as a novel subtype, A6 presents itself as a challenger. Therefore, the future course of the A6 strain as a BOTULINUM TOXIN provides a new opportunity in the botulinum field. According to research published by Dr. Eric A. Johnson and colleagues, the A6 strain is known to have high potency and long duration of action in animal models. Evidence indicates the toxin is also known to stay long in local areas. Due to its high potency with fewer side effects, the A6 strain is expected to bring a new perspective to the market.

WizMedi Bio has signed consulting agreements with world-renowned scholars in this field and announced that it will actively target not only the Korean domestic market but also the U.S. market, which is a challenging market to enter. To bring A6 to commerce, the company has also signed an agreement for a strategic alliance with BNC Korea, Inc. (http://bnckorea.co.kr/), utilizing their GMP botulinum toxin facility, for joint research and development. Moreover, the company will actively work in tandem with the FDA to secure a production facility in the U.S.

WizMedi Bio was co-founded by two medical doctors based on their expertise and know-how gained at WizMedi Co., Ltd., a company dedicated to the research and development of products targeted at the beauty and medical aesthetic markets. The company aims to capture the botulinum toxin market based on maximized utilization of its distribution network and experience. In particular, it will actively target the U.S. market, which accounts for more than 60% of the global market.

“We will enhance the global market, especially the U.S., with novel botulinum toxin products,” said Choi Yong-hoon, the CEO of WizMedi Bio.

Social Links
Twitter: https://twitter.com/WIZMEDIKR

Media Contact
Company: Wizmedi Co., Ltd.
Contact: Media Team
Website: https://wizmedi.kr

SOURCE: Wizmedi Co., Ltd.

Exosens Adds Innovative Photon Counting System, LINCam, to Its Portfolio of Single Photon Sensitive Detectors

RODEN, NETHERLANDS, Apr 9, 2024 – (ACN Newswire) – Exosens is pleased to announce a partnership with Photonscore, a provider of instrumentation for time-correlated single photon imaging. Through this partnership, Exosens will distribute LINCam, an innovative camera system with picosecond time resolution through their Photonis-branded scientific imaging product portfolio.

Exosens & Photonscore Partnership

“We are delighted to partner with Photonscore and add LINCam to our scientific imaging solutions to our potential customers. LINCam is a breakthrough technology that enables fast and accurate time-resolved imaging for a variety of applications, such as biomedical research, material science, and quantum optics. LINCam complements our existing product line and combined will provide a unique value proposition.” – Ulrich Laupper, President and Executive General Manager of the Exosens Ultimate Detection Business Unit.

LINCam is an easy-to-use, event-based camera that counts photons at high rate with the picosecond time resolution combined with accurate position information. Paired with a pulsed light source, LINCam can turn any conventional microscope into a powerful lifetime imager.

The partnership between Exosens and Photonscore is supported by Photonis, a brand of Exosens, which provides a crucial component of the camera: the high-time resolution position-sensitive MCP-PMT detector. Photonis has optimized the MCP-PMT which allows for the best properties for LINCam performance by providing high quantum efficiency and low dark rate photocathodes in a broad spectral range and also by implementing high linearity and high gain MCPs to increase the dynamic operational range. As a result of Exosens and Photonscore’s close technical collaboration, the state-of-the-art high-time resolution single-photon camera LINCam becomes the optimal solution for widefield microscopy and other highly demanding applications.

“At Photonscore we are excited to start a productive partnership with Exosens. Their knowledge and experience in the field of photon detection gave us a big leap in the quality and capability of our system. In particular, the outstanding technology of Hi-QE photocathodes and high-performance MCPs enables us to bring LINCam to the applications where we did not dare enter into before.” – Yury Prokazov, CEO, Photonscore GmbH

ABOUT PHOTONSCORE:

Photonscore GmbH specializes in simplifying single photon counting for its customers. The company’s primary product, the LINCam, is a single photon counting camera with a 100% fill-factor and minimal noise. The company is serving leading universities and research institutes across the world, reflecting the broad applicability of its technologies. Photonscore’s contributions to the field have been recognized with several awards. These include the 1st Prize in the Hugo-Junkers-Award 2017 for innovative applied research and nomination as a finalist in the German Innovation Award 2019. Photonscore is committed to advancing photon counting technology, striving to make it more accessible and effective for a wide range of applications.

ABOUT PHOTONIS:

Photonis is a leading brand of Exosens, a high-tech company with more than 85 years of experience in the innovation, development, manufacture, and sale of high-end electro-optical technologies used in the detection of ions, electrons, and photons. The Photonis brand portfolio offers photo-detection and low-light conditions imaging solutions for extremely demanding markets such as Defense & Security, Nuclear Safety, Life Science, and Industrial & Non-Destructive testing. Photonis is internationally recognized as a leading brand and a major innovator in its fields with production and R&D sites in Europe and North America.

For more information: exosens.com

Contact: scientificdetectors@exosens.com

Contact Information
Sales Manager
scientificdetectors@exosens.com
+31 50 501 8808

SOURCE: Photonis

View the original press release on newswire.com.

DPC Dash-Domino’s Pizza China: Revenue Increased by 51% YoY in FY23, Expected to Enter the Thousand Store Club in 2024

HONG KONG, Apr 9, 2024 – (ACN Newswire) – Since 2023, with the effective implementation of consumer promotion policies, the catering consumption market has been steadily recovering. China’s per capita disposable income has been steadily increasing, and the total retail sales of consumer goods have maintained an upward trend. Consumption has become one of the important drivers of China’s economic growth.

China’s young consumers have been increasingly exposed to Western lifestyles and culture, driving the rise in the popularity of Western cuisine, including pizza. According to a Frost & Sullivan report, China’s pizza market size reached RMB37.5 billion in 2022, and is expected to double to RMB68.9 billion by 2027, with a 5-year compound annual growth rate of 15.5%.

Domino’s Pizza China (referred to as “DPC Dash Ltd” or the “Company” , Stock Code: 01405.HK) , is Domino’s Pizza’s exclusive master franchisee in the China mainland, the Hong Kong Special Administrative Region of China and the Macau Special Administrative Region of China. Domino’s Pizza (NYSE: DPZ), DPC Dash’s global franchisor, is one of the most widely-recognized global consumer brands and the world’s largest pizza company.

On March 27, 2024, Domino’s Pizza China released its first audited annual results announcement after its IPO in 2023. In 2023, the Company achieved a revenue of RMB3,050 million, representing a 51.0% growth compared to 2022; achieved an adjusted EBITDA of RMB300 million, reflecting a 117.7% growth compared to the 2022 financial year; and achieved a positive adjusted net profit of RMB8.8 million as compared with an adjusted net loss in 2022 financial year. Since company’s core management team joined the company in the third quarter of 2017, the company has achieved 26 consecutive quarters of positive same-store sales growth.

Accelerating expansion of stores with excellent performance of new stores

Due to growing acceptance among domestic consumers, the diversification of pizza consumption scenarios and localized innovation, the pizza market in China continued to grow. To seize the growth opportunities in the industry, Domino’s Pizza China has implemented a strategy of “go-deeper and go-broader” to expand its business in the China’s pizza market.

As of December 31, 2023, Domino’s Pizza China had 768 stores in 29 cities in China. In 2023, Domino’s Pizza China added 180 net new stores and entered 13 new cities. In addition to increasing store density in well-established markets of Beijing and Shanghai, the Company also expanded into other first-tier, new first-tier and second-tier cities, penetrating potential untapped markets.

Since last year, the Company has operated with new store openings in Tangshan, Xi’an, Changsha, Xiamen, Yangzhou and Hefei. Four of these stores are located in Xi’an, Changsha, Xiamen and Hefei, representing stores in Northern, Central & Western, Southern and Eastern China respectively. Each of these four stores exceeded RMB5 million in sales in the first 30 days of opening, holding the top-four places globally. According to its financial results announcement, as of March 22, 2024, Domino’s Pizza China held the top 19 places in terms of first 30-day sales of Domino’s stores worldwide.

The strong market performance of the newly opened stores sent a clear signal to the market that Domino’s Pizza China has already won the market recognition and consumers’ trust with its high-quality pizzas and outstanding services, and has established a good brand reputation in the China’s pizza market, which is well evidenced by the fast-growing loyalty membership numbers. As of December 31, 2023, the loyalty membership numbers of the Company reached to 14.6 million, representing a 69.8% growth from 8.6 million at the end of 2022. In the future, along with the continuous improvement of brand potential, Domino’s Pizza China will next gain more incremental revenue in the China’s pizza market.

In 2024, Domino’s Pizza China continued its rapid expansion. According to its plan, Domino’s Pizza China is expected to open approximately 240 stores in 2024 and planned to reach the 1,000 stores milestone in the fourth quarter of 2024. From the beginning of 2024 and as of March 22, 2024, the company had a net opening of 55 new stores, 35 stores under construction, 88 stores signed or approved, accounting for over 74% of the total targeted store opening plan for the full year. It is foreseeable that Domino’s Pizza China is expected to continue its strong growth momentum, supported by accelerated expansion.

According to the company’s plans, Domino’s Pizza China aims to accelerate store expansion plan of over 300 new stores per year in 2025 and 2026. Domino’s Pizza China is well-positioned to sustain its strong growth momentum going forward.

With continuous improvement in operational efficiency, store profitability is effectively enhanced

While realizing strong revenue growth, Domino’s Pizza China continued to strengthen cost management and enhance store operational efficiency in 2023, resulting in a significant increase in profitability at the store level.

In 2023, the Company’s store-level EBITDA was RMB580 million, representing an increase of 80.1% from 2022 financial year; store-level EBITDA margin was 18.9%, representing an increase of 3.1 percentage points from 15.8% in 2022 financial year; store-level operating profit was RMB420 million, representing an increase of 105.1% from 2022 financial year; store-level operating margin was 13.8%, representing an increase of 3.7 percentage points from 10.1% in 2022 financial year.

Meanwhile, the same-store sales growth (“SSSG”) of Domino’s Pizza China also remained solid, with SSSG of 8.9% in 2023; average daily sales per store was RMB12,580, a year-on-year increase of 9.9%. The continuous improvement in a number of financial and operational indicators reflects the effectiveness of the operational management of Domino’s Pizza China.

In addition, the improvement of profitability of stores may further shorten the investment payback period of new stores, thus reducing the capital deposition of the Company, ensuring the sustainable operation of stores and maximizing the value, and providing solid support for Domino’s Pizza China to rapidly expand its store network.

“Delivering in 30 minutes, Free pizza coupons for overtime” builds a core competitive advantage with membership continues to grow

Efficient and reliable delivery service is one of the company’s core competitive advantages. Leveraging its “delivery in 30 minutes” slogan and service, the company has earned the trust of consumers in China’s pizza delivery market. Domino’s Pizza China provides professional delivery services, while also actively utilizing advanced digital technologies to optimize delivery routes and improve delivery efficiency. In 2023, Domino’s Pizza China’s delivery revenue accounted for 59.2% of total revenue, with over 76% of revenue coming from delivery orders in its Shanghai and Beijing stores.

Furthermore, to better cater to the tastes of Chinese consumers, Domino’s Pizza China updates its menu every 6-8 weeks, continuously innovating its products to localize and provide customers with a greater variety of options and experiences. Supported by efficient delivery services and delicious products, the company’s membership has grown rapidly.

Looking ahead, driven by the economic rebound and supported by policies that promote consumption, China’s catering industry is poised for gradual recovery, which may offer promising opportunities for catering companies like Domino’s Pizza China. With steady advance of its store expansion plan, and continuous improvement in the operational efficiency of stores, Domino’s Pizza China anticipates a surge in profits.

Navan AI launches niia.ai, a generative AI-driven platform for the apparel & fashion industry

Singapore, Apr 9, 2024 – (ACN Newswire) – Navan AI(https://navan.ai), a generative AI and computer vision solutions company headquartered in Singapore, is pleased to announce the commercial launch of its FashionTech platform niia.ai (https://niia.ai) after a successful months-long trial run with a selection of fashion brands in Singapore and India.

Using the power of generative AI, niia.ai delivers significant time and cost savings to apparel designers, while complementing their creativity and enabling them to explore and experiment with various options. A typical 10-step process from ideation to market that can take weeks can now be executed in half the number of steps, in a matter of hours.

With niia.ai, designers will be able to create design variations or entirely new designs by simply describing their ideas. The visualization feature lets them get a 360-degree view of the product, “try out” the design on AI-generated fashion models and generate photoshoot-quality images. Eliminating the need to sample a design by actually printing it on a piece of cloth not only saves money, but also more importantly cuts waste and makes apparel design more sustainable.

“We are excited to roll out niia.ai for anyone involved in apparel and fashion design, from individual and boutique designers to large apparel brands. No longer do designers have to feel constrained by time and money to see their design ideas take shape,” said Santosh Rout, Founder and CEO of Navan AI. “With our low-cost SaaS-model pricing, niia.ai is transformative and democratizes apparel design, empowering fashion designers to give flight to their creativity with speed, efficiency and cost-effectiveness.”

“A couple of years ago, the Singapore Fashion Council had envisioned Singapore as a hub for the Asian fashion industry. The emphasis was on technological innovation and sustainability, thereby differentiating itself from other cities renowned as ‘fashion centres’. I am optimistic and confident that niia.ai can play an important role in placing Singapore on the global fashion design map.”

Apparel designers can enroll for a free trial or opt for one of the paid subscription plans to avail of the full power of the AI-driven FashionTech platform – https://niia.ai

About Navan AI

Headquartered in Singapore, Navan AI (https://navan.ai) is a generative AI and computer vision solutions company, founded by technology entrepreneur Santosh Rout, an alumnus of the prestigious Indian Institute of Technology, Kanpur. Navan AI is committed to helping businesses leverage the transformative power of AI and computer vision to achieve exponential gains in their operations. Its solutions serve clients across diverse industries including manufacturing, healthcare, and retail, to name a few. The company’s flagship SaaS-product for the fashion industry, niia.ai, seeks to make apparel designing and marketing fast, cost-effective, and sustainable.

Media contact
Mr.Santosh Rout,
Founder & CEO, Navan AI
Tel: +65 8608 9171
E-mail: connect@navan.ai

Insights into CMGE (0302. HK) 2023 Financial Results: Rich Reserve of New Games Set to Drive Significant Business Growth

HONG KONG, Apr 8, 2024 – (ACN Newswire) – CMGE (Stock code: 0302. HK), a game operator listed on the Hong Kong Stock Exchange, recently released its annual financial report for the year 2023. The report revealed that the company recorded a total revenue of 2.6 billion yuan during the period. Its adjusted net profit reached 5.379 million yuan, marking an overall shift from previous losses to profitability. This represents a year-on-year growth of 103%, which can be attributed to the comparatively low base in 2022. Moreover, the company’s operating profit, after accounting for non-operating income and expenses, stood at 107 million yuan.

Mini-games Emerge as New Growth Driver; Legend of Sword and Fairy IP Licensing Expands

Among CMGE’s three core business segments—game publishing, game development, and IP licensing—the revenue from game publishing amounted to 2.13 billion yuan, constituting 81.9% of the total revenue. However, it experienced a slight year-on-year decrease. This decline can primarily be attributed to the postponement of the release of certain new games in the latter half of 2023, leading to the deferral of revenue contribution to 2024. Nevertheless, this delay lays a crucial groundwork for substantial growth anticipated in 2024.

An illustrative case is the release of Soul Land: Shrek Academy. Co-published by CMGE and Tanwan Games, the game secured a license in July 2023 and initiated a reservation campaign in August, attracting over 6 million sign-ups. Officially launched on January 31, 2024, the game swiftly ascended to the top of the free list on the Apple Store and the popular list on TapTap within the first month of its release.

Industry experts noted that one of the emerging opportunities in the game industry in 2023 was the rise of the mini-game market. This trend resulted in the success of several popular games with monthly revenue exceeding 100 million yuan. CMGE capitalized on this new wave by launching several successful mini-game products, including Legend of Sword of Nine Regions and Fire at Will, which generated over 600 million yuan in revenue. Among these games, the idle game Legend of Sword and Fairy: A New Beginning, developed in collaboration with KingNet, stood out for its consistent top ranking on WeChat’s mini-game best-selling list.

In 2023, the widespread popularity of ChatGPT injected new momentum for game research and development (R&D) through the application of AI large models. Meanwhile, CMGE’s self-developed games generated a total revenue of 215 million yuan, with an R&D investment of 370 million yuan. Despite this investment, R&D costs were actually 29.7% lower compared to the previous year, thanks to the application of AIGC technology in in-game art production and copywriting, which improved R&D efficiency.

For instance, the much-talked-about open-world game Sword and Fairy World features AI-powered NPCs whose behavior and interactions are influenced by the natural environment. This creates a lifelike social ecosystem that significantly enhances the game’s realism. Additionally, AI-powered features such as character creation, voicing, action generation, and AI-enhanced user-generated content provide players with an even more immersive and interactive experience at a lower cost.

The adage “content is king” still holds true in the game industry, where premium game quality remains a top priority. Intellectual property (IP) is a fundamental element in the creation of high-quality products and plays an essential role in attracting players to a game. According to Xiao Jian, Executive Director, Chairman, and CEO of CMGE, “IP represents a kind of cultural label, a kind of value, and even a kind of faith.”

In 2023, CMGE’s IP licensing revenue surged by 75% year-on-year to hit 257 million yuan. This reflects the growing value of core IPs in the current premium quality-oriented era. Over the past few years, CMGE has been focused on developing its flagship IP, Legend of Sword and Fairy, by partnering with leading companies in various industries to establish a comprehensive Legend of Sword and Fairy IP universe and ecosystem. This includes a wide range of areas such as gaming, film and television, animation, literature, music, derivatives, and location-based entertainment. The ultimate goal of these efforts is to unlock the full potential of this IP. In gaming, CMGE partnered with KingNet to release the idle game Legend of Sword and Fairy: A New Beginning in 2023. In film and television, the company worked with the online video site iQIYI and other companies to produce the TV drama Sword and Fairy IV (based on the game Legend of Sword and Fairy IV), which was aired on the iQIYI platform in January 2024. Additionally, CMGE collaborated with Penguin Pictures to produce Sword and Fairy, a TV drama based on the game Legend of Sword and Fairy VI, which was exclusively aired on the Tencent Video platform in January. Furthermore, Sword and Fairy I (based on Legend of Sword and Fairy I) is to be aired exclusively on the Tencent Video platform soon.

Throughout 2023, CMGE has consistently aligned its development with the trends of the game industry. Currently, the industry is experiencing a new phase of growth. However, the rationale driving this growth is evolving: A shift towards focusing on core business and fostering high-quality development is ushering in a period of “rational exuberance”, replacing the extensive growth that characterized the previous decade. Dedicated to high-quality and premium product-driven development, the company, with its three major business segments—IP game development and global publishing, proprietary IP operation, and the Chinese-style metaverse platform, is advancing towards the future with a focus on quality-oriented growth.

Poised for Significant Growth: Upcoming Sword and Fairy World Launch and Rich Product Reserves

As we have just entered 2024, it seems the game industry continues to offer new opportunities and challenges. CMGE is ready to stride forward by launching a variety of new products, which marks the onset of a new cycle of sustainable, high-quality growth. The company is confident in its ability to navigate the ups and downs of the economic cycle.

To begin with, mini-games, representing a new and growing market, are expected to continue expanding. According to current research, 84% of respondents believe that gamers are experiencing increasing fatigue and seeking lighter, more diverse gameplay options. This shift in gamers’ psychological demands aligns with the characteristics of mini-games. In fact, the market size for China’s mini-games exceeded 40 billion yuan in 2023 and is projected to surpass 60 billion yuan in 2024, according to data released by Ocean Engine, a leading digital marketing platform in China.

In 2024, CMGE will leverage its highly popular and influential game IPs to launch more than 10 mini-game products, including Country Love Story, Sword and Fairy: Wen Qing, and Naruto: Konoha Masters. These mini-games, which are mainly adapted from the App games, already have a solid reputation to build on. By combining “reputation, theme, and gameplay”, CMGE aims to address the pain points of mini-game users and create phenomenal products that cater to their preferences.

Secondly, CMGE is set to launch in 2024 its highly anticipated open-world game, Sword and Fairy World, which represents the culmination of three years of dedicated development efforts. This game, independently developed and published by the company, is an open-world experience that immerses players in the Chinese-style Xianxia fantasy genre. In June 2023, it obtained a license for launch on both mobile and PC platforms and kicked off a reservation campaign that attracted over 4 million sign-ups. It has been revealed that a billing test will be conducted soon to verify the commercial viability of the product before its official launch. The game is expected to be released within 2024.

The growing popularity of the Chinese style highlights the appeal of traditional culture. Sword and Fairy World, a Chinese-style Xianxia game, invites players into a world rich in traditional elements. Offering a myriad of engaging storylines, including the main plot, character-specific subplots, and side quests, the game is designed to allow players to delve into the depths of the human spirit. Players can perform superhuman feats, such as soaring through the skies and delving underground, to explore various realms, experiencing the exhilaration of unrestricted exploration. With its enthralling gameplay and deep cultural roots, the game is expected to be a major revenue generator in 2024.

Finally, CMGE has unveiled a lineup of highly anticipated blockbuster games scheduled for release in 2024, which will further bolster the company’s growth prospects. In terms of IP game publishing, the success of Soul Land: Shrek Academy, launched on January 31st, has already exceeded 100 million yuan in monthly revenue. The first half of the year will witness the launch of Fight Break Spheres and Soul Land: Reversed Spacetime. In the latter half, gamers can anticipate the release of new IP titles such as Daily Life of Chat Group, Naruto: Konoha Masters, and New Romance of the Three Kingdoms: The Legend of Cao Cao. Regarding independent R&D, Wenmai Interactive, a wholly-owned subsidiary of CMGE, will join forces with 37 Interactive Entertainment to promote its first-ever Three Kingdoms-themed strategic game, World of Castellan, with the goal of sustaining revenue growth and profit contribution for 2024. Furthermore, the release of the second Three Kingdoms-themed strategic game, Code: Lord, is scheduled for the latter half of the year. Additionally, Hoop Cityï¼š3V3, an eSports game developed by Shanghai Zhoujing, a holding subsidiary of the company, is slated for an official launch during the summer vacation period.

In its research report, Guosen Securities highlighted the game industry’s similarity to Warren Buffett’s metaphor of “wet snow and a really long hill”, suggesting potential for sustained and profitable growth. In 2023, the game market experienced the normalization of game licensing, signaling a return to the industry’s origins and the commencement of a fresh chapter emphasizing innovation and entrepreneurship to navigate a new economic cycle. Moving into 2024, the game market entered a phase of rational exuberance propelled by high-quality games. It is only through the introduction of top-tier new products that companies can capitalize on this new growth cycle.

According to analysts, CMGE, a forerunner in IP games, possesses extensive IP reserves conducive to achieving high-quality and premium product-driven development. Indeed, the company has amassed a wealth of new, high-quality IP games across its three major business segments: IP game development and global publishing, proprietary IP operation, and the Chinese-style metaverse platform. In 2024, the company will launch these new games into the market, which, coupled with revenue contributions from longstanding products, is anticipated to bolster sustained high-growth performance.

Xiao Jian, CMGE’s Executive Director, Chairman, and CEO, stated at the Results Presentation that, “We are really confident about our prospects for 2024. With the upcoming game launches in both domestic and overseas markets, we are optimistic about achieving excellent results and driving significant revenue growth this year.”

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CMGE Released Its Annual Performance Report: After Adjustments, Net Profit Turned from Loss to Profit, With Non-Recurring Operating Profit Reaching 107 million Yuan

HONG KONG, Apr 8, 2024 – (ACN Newswire) – On March 27th, the Hong Kong-listed company CMGE (0302.HK) released its 2023 annual performance report. According to the report, CMGE achieved total operating income of 2.6 billion yuan in 2023. After adjustments, the net profit reached 5.379 million yuan, marking an overall turnaround from loss to profit with a year-on-year increase of 103% due to the low base in 2022. After deducting the impact of non-operating income and expenses on profit, the operating profit stood at 107 million yuan.

It is worth noting that on March 28th, CMGE disclosed a share repurchase plan. The board of directors believes that the current trading price does not reflect the intrinsic value and business prospects of the company. They plan to use up to HK$100 million for the repurchase of shares on the open market. The board of directors may also decide to further utilize share repurchase authorization based on market conditions. The repurchase of shares will not exceed 10% of the total number of shares issued as of June 2, 2023, which is 275,267,200 shares, and the shares will be cancelled after repurchase. This move also reflects the confidence of the company’s board of directors and management team in its long-term strategy and development.

According to the financial report, in 2023, CMGE attracted over 92.87 million new registered users, marking a 9.8% increase compared to the same period. Among other key performance indicators, the average monthly active users rose to 17.05 million, a 9.9% year-on-year increase, while the average monthly paying users reached 1.19 million, up by 5.8% year-on-year. The mini-game business generated 600 million yuan in revenue, becoming a new growth point for the company.

In 2023, CMGE successfully obtained licenses for multiple games planned for release, such as “Sword and Fairy: Wen Qing”, “Ultraman: The Gathering”, “Swallowed Star: Dawn” and “Cultivation Fantasy” all of which officially launched in 2023. Concurrently, with the rapid development of AIGC technology, CMGE applied AIGC to its independent research and development as well as publishing processes, achieving cost reduction, efficiency improvement, and game innovation. According to the financial report, players under the age of 18 accounted for less than 0.01% of CMGE’s gaming revenue in 2023.

The Publishing Business Performed Steadily, With Mini-Games Emerging as A New Growth Point

In 2023, CMGE’s publishing business generated revenue of 2.133 billion yuan, with overseas revenue accounting for 10.6%. In teams of games, the role-playing card game “Sword and Fairy: Wen Qing,” co-published by CMGE and Qingci based on CMGE’s proprietary IP, officially launched in June 2023. In its first month of its launch, it ranked first in the Apple App Store’s free games list and 14th in the best-selling games list, earning a recommendation from the Hardcore Alliance Superstar. In December 2023, “Sword and Fairy: Wen Qing” launched in the Hong Kong, Macao, and Taiwan regions, ranking the first in the Apple App Store’s free games list and the best-selling games list in these three areas, with third place in Taiwan’s best-selling games list.

Additionally, the card mobile game “Cultivation Fantasy” developed by Love Games with investment from CMGE, was launched in May 2023. In its first month of its launch, it ranked first on TapTap’s hot list and achieved third place in the Apple App Store’s free games list and 21st place in the best-selling games list.

The jointly distributed game “Soul Land: Shrek Academy” by CMGE and TanWan Games obtained its game license in July 2023. In August 2023, it began pre-registration activities, attracting over 6 million pre-registered players. It was officially launched on January 31, 2024, and in its first month of its launch, it ranked the first in the Apple App Store’s free games list and topped TapTap’s hot list.

While the performance of new games has been outstanding, previously launched games have also provided stable revenue streams for CMGE. CMGE’s self-published games like ” The New Legend of The Condor Heroes: Iron Blood and Loyal Heart”, ” Rakshasa Street: Chosen One” and ” Soul Land: God of Battle Arise”, as well as co-produced games with third parties like ” One Piece: The Voyage ” and ” Dynasty Warriors: Hegemony” along with other games already in operation, continued to contribute revenue and profits to CMGE in 2023.

At the same time, CMGE has been actively expanding its mini-game segment. As of 2023, CMGE has launched multiple mini-games such as “Sword and Fairy: Jiuzhou” and “Fire at Will” bringing in revenue exceeding 600 million yuan. The newly authorized mini-game “Country Love Story” by Ben Shan Media started monetization tests at the end of 2023 to validate its commercial model, with plans for an official launch in the first half of 2024. Mini-games have become an incremental segment in the game industry, with the market showing rapid growth. According to data from Qutoutiao Engine, the overall market size of Chinese mini-games exceeded 40 billion yuan in 2023 and is expected to surpass 60 billion yuan by 2024. With such rapid market growth, the mini-game segment is poised to become a new growth curve for CMGE.

Looking ahead to 2024, CMGE’s publishing business still holds many highlights. Multiple heavyweight IP games like “Soul Land: Reversed Spacetime”, “Fight Break Spheres”, “Naruto: Konoha Master”, “New Romance of the Three Kingdoms – The Legend of Cao Cao ” and “Daily Life of Chat Group” are planned for market launch in 2024, with many of them already completing testing and opening pre-registration.

Additionally, CMGE will continue to aggressively promote the mobile game “Sword and Fairy: Wen Qing” in the Hong Kong, Macao, and Taiwan regions, and plans to sequentially launch games like “Soul Land: Shrek Academy”, “Fight Break Spheres”, “Soul Land: Reversed Spacetime” and “Code: FA” in these regions. Furthermore, CMGE will introduce the mobile game “New Romance of the Three Kingdoms – The Legend of Cao Cao” in the Japanese market to boost gaming revenue in overseas regions.

Moreover, CMGE anticipates launching over 10 mini-game products in 2024, including “Country Love Story”, “Sword and Fairy: Wen Qing” and “Naruto: Konoha Master” These games have all obtained licenses and are expected to generate substantial publishing revenue for CMGE.

Self-Developed Business Steadily Progresses; Open-World Game “Sword and Fairy World” Has Achieved 4 million Pre-Registrations and Will Commence Commercial Testing.

In 2023, CMGE’s R&D revenue reached 215 million yuan, with R&D investment totaling 370 million yuan. During the reporting period, CMGE applied AIGC technology to aspects like artistic production and copywriting in games, reducing game development costs and improving development efficiency.

In terms of self-developed games, CMGE’s wholly-owned subsidiary Wenmai Interactive independently developed the Three Kingdoms-themed strategy mobile game “World of Castellan” exclusively distributed in the domestic market by 37 Interactive. It officially launched in November 2023 and received a recommendation from the Hardcore Alliance Superstar in its first month of its launch.

It is understood that “World of Castellan” is the first Three Kingdoms-themed strategy game launched by CMGE. With CMGE’s and 37 Interactive’s experience in promotion and publishing, CMGE is expected to enter the Three Kingdoms-themed strategy game arena and secure a position through “World of Castellan” In 2024, CMGE will continue to develop and launch its second Three Kingdoms-themed strategy game, “Code: Lord” with the aim of gaining more market share in the Three Kingdoms-themed strategy game category.

In terms of esports games, CMGE’s holding subsidiary Shanghai Zhoujing has developed the sports competitive PC game “Hoop Cityï¼š3V3”, which obtained its license in May 2023 and commenced monetization tests on December 29, 2023. It is scheduled to be launched officially in the summer of 2024.

Before 2023, CMGE’s self-developed games such as “The World of Legend – Thunder Empire”, “Legend of Dragon City”, chess and card games, PC games, and cloud games have been continuously updated and iterated, contributing steady revenue to the company.

In terms of heavyweight self-developed games, the open-world game “Sword and Fairy World” based on the Sword and Fairy IP obtained mobile and PC dual-platform licenses in June 2023. “Sword and Fairy World” has started pre-registration activities, with pre-registration numbers exceeding 4 million, and underwent two rounds of testing in 2023. Monetization Tests to verify the commercial viability of the product before launch are also set to begin soon, with plans for the game to officially launch within 2024.

According to the information, “Sword and Fairy World” incorporates a substantial amount of storyline content such as mainline plots, character-specific storylines, and side quests to explore humanistic themes with players. Additionally, players can explore multiple spaces freely, experiencing the joy of surprise and exploration.

In addition to the rich storyline, “Sword and Fairy World” integrates deeply with AI. Non-player characters (NPCs) in “Sword and Fairy World” will behave and converse according to the natural environment, enhancing the realism of the virtual world. Players can also utilize AI features such as AI character customization, AI voice, AI motion generation, and AI+UGC (User-Generated Content) to enrich personalized expression, improve player interaction experience, and stimulate creativity within the virtual world.

The IP licensing business is experiencing further growth, with the value ecosystem of the Legend of Sword and Fairy IP continuing to expand.

In 2023, CMGE’s IP licensing business achieved revenue of 257 million yuan, representing a 75% growth compared to 2022.

CMGE has deeply expanded its collaboration along the entire industry chain of the “Legend of Sword and Fairy” IP, covering areas such as games, film and television, animation, content literature, music, derivatives, and location-based entertainment. CMGE has partnered with top-tier collaborators in related fields to jointly create the Legend of Sword and Fairy IP universe.

Regarding IP industry chain collaborations, CMGE successfully launched the story card mobile game “Sword and Fairy: Wen Qing” in 2023, achieving excellent results. The idle RPG game “Legend of Sword and Fairy: new start” developed in collaboration with Kaiying Network, was launched in 2023 and ranked fifth on the WeChat mini-games chart. The first fan community based on the “Legend of Sword and Fairy” IP, called ” Sword and Fairy Alliance” was opened for user registration in 2023.

In the film and television sector, CMGE has collaborated with iQiyi and others to produce “Legend of Sword and Fairy 4”, which was officially released on the iQiyi platform in January 2024. Additionally, “Legend of Sword and Fairy 6” produced by Shandong Film and Television, was also released on Tencent Video in January 2024. The television series “Legend of Sword and Fairy 1” produced in collaboration with Penguin Pictures, was completed filming in 2022 and is expected to be released in 2024.

In the animation field, CMGE has entered into a strategic partnership with Penguin Pictures to co-produce animated series for “Legend of Sword and Fairy 1” and “Legend of Sword and Fairy 3”. The trailer for “Legend of Sword and Fairy 3” was released in 2023, with plans for the full animated series to be released in 2024.

In addition to film and animation, CMGE continues to develop merchandise based on the Legend of Sword and Fairy IP. For instance, in the trendy collectibles field, CMGE collaborated with Pop Mart. Following the release of the first blind box series “Legend of Sword and Fairy Chinese Traditional Festival Series Figures” in 2022, CMGE launched the second blind box series “Legend of Sword and Fairy Chinese Traditional Musical Instrument Series Figures” for global sale in 2023.

Furthermore, CMGE collaborated with renowned partners such as LiangXiaoSuMei, Kaitian Studio under Shanghai Qikun Network Technology Co., Ltd., and Bandai Namco Entertainment (Shanghai) Co., Ltd., to release merchandise such as Han Lingsha figures, Yue Qingshu statues, and Jiu Jianxian figures in 2023. Additionally, in November 2023, CMGE partnered with Qishu Youyu, HippoJoy, and INTINY to officially launch the production of interactive image works based on the “Legend of Sword and Fairy” IP.

Additionally, CMGE has planned and is preparing to launch the Legend of Sword and Fairy Location-Based Entertainment project, which is currently in the final stages of pre-operation. It is expected to commence trial operations in four provinces and municipalities, including Shanghai, Hangzhou, Anhui, and Chongqing, within 2024. By bringing the Legend of Sword and Fairy game into real-life settings, the project aims to combine online marketing activities of the “Legend of Sword and Fairy” IP with offline activities, providing fans with a more immersive and interactive offline experience.

Looking towards the future, in line with the trend of cross-industry collaboration between game IPs and film, animation, and other industries, the Legend of Sword and Fairy IP will continue to release a wealth of high-quality content. CMGE’s establishment of an IP game ecosystem and the layout of the Legend of Sword and Fairy IP universe based on the “Legend of Sword and Fairy” IP will continue to expand the ecological value of the IP, potentially driving further growth in CMGE’s own value and ensuring sustained development.

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PaySaxas Launching, Offers Global Payments, Provides Unique Solutions to Import Export Market

Vancouver, BC, Apr 5, 2024 – (ACN Newswire) – PaySaxas, the newest entrant of the cross border transaction industry, has announced it has launched global payments, providing exclusive and unique solutions for international trade, including in-house crypto OTC.

PaySaxas – Global Trade Focused Features

The PaySaxas Smart Payments Platform focuses on specific features, that have long been in demand by the global trade industry. Specifically, the service boasts messenger financial services – which involves relationship managers communicating with clients directly, in a messenger of their choice, instead of long queues and support tickets. The emerging trend provides customers immediate and direct access to the decision makers rather than lengthy delays. PaySaxas also provides a much needed payment cancellation window for payment recall, and perhaps more importantly – an in-house crypto OTC service, allowing customers to pay and get paid in crypto, with instant fiat conversion. Equipped with the latest in KYC and AML screening, as well as a stellar team dedicated to global trade, PaySaxas aims to capture a market that has long been thirsty for innovation and speedy payments.

Currencies and Features

Offering accounts in USD, USDT, EUR, JPY, GBP and other leading digital and fiat currencies, PaySaxas becomes one of the first providers on the market to seamlessly serve growing demand for digital and fiat payments with seamless conversion. With low fees and a great correspondent network, the new entrant into the payments scene is storming the market with unique features and services that were never available before. Additional features to be rolled out are still under wraps, however they are promising to innovate the industry making a transactional service into a true partner for their customer, providing much needed safety, security and anti-fraud measures on top of every payment.

Industry Depth and Knowledge

Authorised as MSB in Canada and crypto service provider in Lithuania, it is uniquely positioned to take advantage of both traditional fiat and crypto markets. With multilingual support and a team that understands the pains of global trade, the PaySaxas solution offers customers more payment solutions, and less hassle with daily transactions, leaving them to focus on their revenue and business growth.

About PaySaxas

PaySaxas is not just a payments platform; it’s a strategic partner dedicated to transforming users’ transactional experience. Stay tuned for upcoming features that will further elevate users’ payment processes, providing an unparalleled blend of safety, security, and innovation. Join Paysaxas today and redefine the way users conduct global trade – where convenience meets cutting-edge technology.

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SOURCE: PaySaxas

HKTDC Smart Lighting Expo debuts today alongside Spring Lighting Fair

The inaugural Smart Lighting Expo and 15th Hong Kong International Lighting Fair (Spring Edition) opened today and will run for four days until 9 April under the theme Bright Lighting • Smart Living, bringing together over 1,300 exhibitors
Smart Lighting Expo features pavilions from Foshan city, Zhongshan city and Jiangmen city’s Jianghai district, strongholds of the lighting industry in the Guangdong-Hong Kong-Macao Greater Bay Area, while Spring Lighting Fair presents pavilions from Jiangsu province and Xiamen city
The Smart Lighting Solution Forum tomorrow will focus on the application of Artificial Intelligence, the Internet of Things and Smart Home technologies in lighting

HONG KONG, Apr 6, 2024 – (ACN Newswire) – The inaugural Smart Lighting Expo and 15th Hong Kong International Lighting Fair (Spring Edition), organised by the Hong Kong Trade Development Council (HKTDC), opened today and continue until 9 April at the Hong Kong Convention and Exhibition Centre, raising the curtain on the HKTDC’s spring technology fairs.

Sophia Chong, Deputy Executive Director of the HKTDC, said: “As one of the partner events of the Business of Innovation & Technology Week (BITWeek), the inaugural Smart Lighting Expo and the 15th Hong Kong International Lighting Fair (Spring Edition) are organised under the theme Bright Lighting • Smart Living, drawing over 1,300 exhibitors. The twin fairs showcase a diverse array of innovative lighting products and technologies ranging from sustainable lighting and human-centric lighting to fashionable lighting products, serving as ideal platforms for buyers to meet the ever-changing needs in the market.”

Smart products lead lighting market growth

Statista projects that the global smart lighting market will surge to US$25.3 billion this year, a significant increase from US$8.1 billion in 2020. In line with the trend, an HKTDC survey of exhibitors and buyers at the Hong Kong International Lighting Fair (Autumn Edition) and Hong Kong International Outdoor and Tech Light Expo last year found that 41% of respondents expected sales to increase in the lighting market this year, while 30% identified smart lighting and solutions as the major growth driver for the industry.

The HKTDC elevated the highly acclaimed Connected and Smart Lighting zone in the Spring Lighting Fair to a full-fledged Smart Lighting Expo this year, empowering businesses to fully capitalise on growing opportunities across the smart lighting supply chain. This inaugural expo showcases products and solutions ranging from connected lighting technologies such as chips, sensors, LED drivers and IoT lighting platforms, to smart lighting products and solutions like smart control systems and dimmers, smart luminaires, lighting applications and systems.

In collaboration with Shanghai Pudong Intelligent Lighting Association, the Smart Ecosystem and IoT Supply Chain Area showcases the latest lighting solutions of key smart lighting industry players, including Midea, Sunricher, Merrytek, Yunfan Ruida DALI Alliance and many more. The expo also features renowned brands including Helvar, Valta, SkyLighting and Up-Shine Lighting.

Smart Lighting Expo features pavilions from important lighting industry centres in the Guangdong-Hong Kong-Macao Greater Bay Area, including Foshan city, Zhongshan city and Jiangmen city’s Jianghai district. The concurrent Spring Lighting Fair continues to serve as a one-stop trading platform for a wide variety of lighting products. With pavilions from Jiangsu province and Xiamen city, the fair also features Hall of Aurora showcasing premium lighting products from over 260 renowned brands. Other product zones include Commercial Lighting, Decorative Lighting, Residential Lighting, Technical Lighting and Lighting Accessories.

Twin lighting fairs showcase diverse industry trends

Connected and customised smart lighting products and solutions create the ideal smart-home:

Widespread IoT uptake has lifted demand for smart lighting systems, as well as smart lighting products and solutions that allow interconnectivity and can be customised to fit different environments. Midea Intelligent Lighting & Controls Technology Co Ltd (Booth no.: 1A-C02) helps clients create perfect homes with its Zigbee Central Control Screen and Gateway, which runs as many as 128 devices including lamps, electrical appliances and doorbells.

Human-centric lighting technology drives smart healthcare

Smart healthcare has burgeoned in recent years as the public shows increasing interest in and acceptance of related technologies. Yunfan Ruida Technology (Shenzhen) Co. Ltd (Booth no.: 1A-C18) presents its mmWave radar solution that helps nursing homes and medical institutions monitor sleeping and breathing patterns and send out warnings when people fall. With high-precision human presence and motion detection functions, the solution ensures residents in care homes receive medical attention promptly in an emergency.

Energy-efficient, durable lighting products shape sustainable lifestyle

As environmental protection and sustainable development take centre stage, energy-efficient and durable lighting products are top choices for consumers. Solar Nation Powertech Enterprises Company Limited (Booth no.: 1E-B16) offers sustainable products including solar motion sensor wall lights, security lights and string lights. Equipped with lithium rechargeable batteries, the products run in different modes depending on user needs, such as switching on automatically when motion is detected at night and off when people leave the scene or stay on at dusk for eight hours before turning off per pre-set instructions.

Creative, trendy luminaires bring out unique vibes

While pursuing green lifestyles, consumers are also seeking products that cater to individuality and style. Hongkong Sushunda SCM Co Limited (Booth no.: 3C-B12) introduces the distinctive 48V Low-Voltage Magnetic Lamp – No Main Light Series, which presents the “no main light design” with a wireless switch controlling a combination of lamps. This magnetic series includes floodlights, grille lights, pendant lights, spotlights and different types of lamps. The magnetic design allows them to be flexibly installed in different venues and environments. The low-voltage requirement also makes the product extra safe.

Experts share insights on hottest trends

The fairs feature forums where industry players share insights on lighting industry trends. These forums provide a valuable platform for knowledge exchange and networking among industry professionals.

Asian Lighting Forum, co-organised with Hong Kong Electronics & Technologies Association (HKETA) and Hong Kong Green Building Council (HKGBC), took place today. Renowned speakers from Syndicat du Luminaire in France, the Hong Kong Polytechnic University, Lutron Electronics and LANZ Manufaktur shared insights on the impact and application of human-centric lighting while award-winning lighting and green designers from HKGBC, Cundall, Baseline Lighting Design Studio and Accord Lighting Solution discussed remarkable cases across industries to illustrate sustainable lighting design market trends.

Smart Lighting Solution Forum, co-organised with Asia-Pacific AI Business Alliance (AIBA) and Shanghai Pudong Intelligent Lighting Association (SILA) will be held tomorrow. Industry leaders including representatives from Tuya Smart, Amazon Global Selling, Bluetooth SIG, and more will discuss AI, IoT and Smart Home in smart lighting products, and prospects for such technologies and their supply chains.

Both fairs adopt the EXHIBITION+ hybrid model. Exhibitors and buyers can participate not just at the physical fairs, but also meet online through the Click2Match smart business matching platform until 16 April. Buyers can also scan the dedicated QR codes of exhibitors by using the Scan2Match function in the HKTDC Marketplace App. This lets them bookmark their favourite exhibitors, browse product information and efloor plan, make product inquires as well as engage with exhibitors even after fair to extend their sourcing journey.

Photo download: https://bit.ly/3vHtE66

The Inaugural Smart Lighting Expo and 15th Hong Kong International Lighting Fair (Spring Edition) opened today and will run for four days until 9 April, bringing together over 1,300 exhibitors

Smart Lighting Expo showcases products and solutions, empowering businesses to capitalise on the growth of the smart lighting industry and opportunities across the supply chain

In collaboration with Shanghai Pudong Intelligent Lighting Association, the Smart Ecosystem and IoT Supply Chain Area in Smart Lighting Expo showcases the latest lighting solutions from renowned brands

The Hall of Aurora at the Spring Lighting Fair features innovative lighting products and technologies of over 260 renowned brands

Co-organised with Hong Kong Electronics & Technologies Association and Hong Kong Green Building Council, Asian Lighting Forum took place today and focused on the impact and applications of human-centric lighting as well as the market trend of sustainable lighting design

Fair information

Date	Opening hours
6-8 April 2024 (Saturday to Monday)	9:30am – 6:30pm
9 April 2024 (Tuesday)	9:30am – 5pm
Venue
Hall 1A-E and 3B-E, Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wan Chai
Press registration counter and media centre
For registration, could members of the press please present their name cards and press passes at the counter located at the concourse of Hall 1D, Hong Kong Convention and Exhibition Centre, or visit the HKTDC media centre (G/F of Hong Kong Convention and Exhibition Centre near the Expo Drive entrance)

Fair websites
Hong Kong International Lighting Fair (Spring Edition): hklightingfairse.hktdc.com
Smart Lighting Expo: smartlightingexpo.hktdc.com
Activity schedule: https://www.hktdc.com/event/smartlightingexpo/en/programme
HKTDC Media Centre: https://mediaroom.hktdc.com/en