Graphene Manufacturing Group Secures AU$2 Million Funding Grant from Queensland Government for Battery Pilot Plant

Brisbane, Queensland, Australia–(ACN Newswire – March 25, 2024) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company“) announces that the Company has signed a Queensland Critical Minerals and Battery Technology Fund Agreement with the State Government of Queensland for a grant of AU$ 2 million towards the funding of GMG’s proposed Automated Battery Pilot Plant for the manufacture of GMG’s Graphene Aluminium Ion Battery.

The State Government of Queensland established the Queensland Critical Minerals and Battery Technology Fund to support Australian business to compete globally by enhancing the extraction and processing of critical minerals in Queensland, accelerating the development of battery technologies and production of precursor or advanced materials in Queensland and supporting Queensland jobs and economic growth.

The grant is for the payment of 50% of the capital cost of GMG’s proposed Automated Battery Pilot Plant, up to a maximum of AU$ 2 million, for the manufacture of GMG’s Graphene Aluminium Ion Battery. The Pilot Plant would be constructed at GMG Richland’s existing manufacturing facility, and the grant is conditional on various preconditions including GMG taking a final investment decision in the Battery Pilot Plant project.

GMG’s CEO Craig Nicol stated, “We want to thank the Queensland Government and acknowledge its commitment to supporting the Critical Mineral and Battery Manufacturing Industry in the State. This is great recognition for GMG and GMG’s next generation Graphene Aluminium Ion Battery and further shows the progress of the battery’s development. We are very excited about this next phase of its maturation.”

GMG’s Chairman and Non-Executive Director, Jack Perkowski, commented: “This represents further progress for the Company, and I congratulate GMG on its success in securing this grant. I also would like to thank the Queensland Government for recognising and supporting GMG in this phase of its battery’s development.”

Queensland Government Deputy Premier, Treasurer and Minister for Trade and Investment Cameron Dick said:

“The Miles Labor Government is propelling Queensland through an energy transformation that will create jobs.”

“I am so pleased that this new plant will create 12 good quality jobs. Projects like this are helping set the path in creating thousands of secure jobs for Queenslanders while providing the clean, reliable and affordable energy every household and business needs.”

“The $100 million Queensland Critical Minerals and Battery Technology Fund is playing its part by supporting businesses across the supply chain like Redflow, Revolver Resources, and now GMG.”

“GMG’s innovative use of graphene, in partnership with UQ, is another example of our homegrown ingenuity that we will continue fostering here in Queensland.”

“Their graphene aluminium-ion batteries could prove to be a real gamechanger on the world market and elevate Queensland’s local battery industry to the next level.”

About GMG
GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation, and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

GMG’s 4 critical business objectives are:

Produce Graphene and improve/scale cell production processes
Build Revenue from Energy Savings Products
Develop Next-Generation Battery
Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:

Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

www.graphenemg.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the use of funds from the grant, the production capacity of the proposed automated battery pilot plant, the location of the proposed automated battery pilot plant, the grant showing the progress of the GMG’s battery’s development, and the next phase of the battery’s maturation.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions relating to the production capacity of the proposed automated battery pilot plant, that the funds from the grant will be used as management currently expects, that the proposed automated battery pilot plant would be built at the Company’s existing manufacturing facility in Richland, that the grant shows the progress of the graphene aluminium ion battery’s development, and that the maturation of the graphene aluminium ion battery will proceed as management currently expects.

Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the use of funds from the grant will differ from management’s expectations, that the automated battery pilot plant would not be capable of manufacturing approximately 1MWh per annum of GMG’s graphene aluminium ion battery, that the proposed automated battery pilot plant will not be built at GMG’s Richland facility, or at all, that the grant does not demonstrate the progress of the graphene aluminium ion battery’s development, that the maturation of the graphene aluminium ion battery will not proceed as currently expected by management, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 12, 2023 available for review on the Company’s profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/202979

New Hope Services: Net profit margin attributable to the parent Company was 17.1% in 2023, annual dividend payout ratio reached 60%

HONG KONG, Mar 25, 2024 – (ACN Newswire) – New Hope Service Holdings Limited (New Hope Service or the Company, Stock Code: 3658), an integrated property management enterprise engaging in the provision of lifestyle service solutions, announced its annual results for the year ended 31 December 2023 (the Reporting Period).

In 2023, New Hope Service focused on advantageous areas, persisted in qualitative expansion, and achieved high-quality growth in core performance indicators by tapping into increased profits through commercial operational services and lifestyle services. During the Reporting Period, the Group recorded revenue of approximately RMB1,260.7 million, representing an increase of 10.7% as compared to the same period last yearï¼›Gross profit was approximately RMB440 million, and gross profit margin was 34.9%. Net profit margin attributable to the parent Company was 17.1%, remaining at mid-to-high level. Meanwhile, the Company has strengthened operations and lean management, yielding profit attributable to equity shareholders of the Company amounting to approximately RMB215 million, and basic earnings per share RMB0.26, an increase of 6% over the same period last year. The Board recommended payment of a final dividend of RMB0.091 per share, with an interim dividend of RMB0.067 per share, for a total annual dividend of RMB0.158 per share, equivalent to a dividend payout ratio of 60%. As at the end of the Reporting Period, the Company’s net cash flow from operating activities climbed by 87.1% against the same period last year to approximately RMB335 million, reflective of the healthy operation and ample cash flow of the Company.

Tap into local needs and focus on advantageous areas

New Hope Service continued to follow the development strategy of deep regional penetration. As at 31 December 2023, the Group had projects in 33 cities across China, with the area under management 32,258,000 square meters (“sq.m.”), representing an increase of 11.9% as compared to the same period last year, and the contracted area of 38,172,000 sq.m., representing an increase of 5.6% as compared to the same period last year. Among them, 95.1% of the Group’s property management projects were in first-tier, new first-tier and second-tier cities in China, while 93.8% of revenue from property management was also derived from such cities.

In addition, New Hope Service continued to step up its efforts in high-tier cities in the Southwestern China regions with Chengdu as the core, and Eastern China regions, both of which accounted for 85.3% of the total area under management, with the advantage of regional intensity continuing to emerge. Specifically, the area under management in the Southwestern China region was 16,918,000 sq.m., and the revenue from property management was RMB310 million, accounting for 47.4% of the total revenue from property management. As the national central city in the Western China region, the area under management in Chengdu was 10,642,000 sq.m., accounting for 33% of the total area under management; The area under management in the Eastern China region was 10,628,000 sq.m., and the revenue from property management was RMB250 million, accounting for 37.9% of the total revenue from property management.

Insist on quality expansion and enhance independent capability

The Company insisted on balancing “quality” and “scale”, and continued to conduct multi-channel market expansion via, among other means, bidding, establishing joint ventures and strategic partnership. In 2023, the company successfully completed the acquisition of Chengdu Jinguan Xincheng Property Management Co., Ltd., successfully expanded high-end residential projects such as Sunshine City Tan Yue and Binjiangjiuli, financial industry projects such as China Guangfa Bank Kunming Branch* and China Construction Bank Sichuan Branch Xinjin and Dayi Sub-branch, and industrial park projects such as Chantou Jiangnan Industrial Park and Vipshop Guangxi Headquarters*. Meanwhile, New Hope Service established joint venture with Chengdu Wuhou State-owned Capital Investment and Operation Group Co., Ltd., Chengdu Wuhou Development Co., Ltd., Chengdu Wuhou Capital Investment Management Group Co., Ltd, and Longquan Economic and Technological Development Zone respectively, and successfully signed contracts for projects such as Shuanghua Digital Industrial Park and Tiefo Park. During the Reporting Period, the contracted area under management by independent third-party developers accounted for approximately 40% of the total contracted area, representing an increase of 6.2% as compared to the same period last year.

Moreover, benefitted from New Hope Wuxin Industrial’s relatively strong performance capability, the Company delivered projects as scheduled in 16 cities nationwide, amounting to nearly 37,000 units in total, and brought the Company concrete support for continuous growth in terms of GFA under management. Sticking to maintain the quality of middle-to-high-end projects, the Company recorded the average management fee per sq.m. of RMB2.95 during the Reporting Period.

Non-cyclical businesses are steadily growing and commercial operations are delivering performance results

By virtue of the industrial background of the Fortune Global 500 New Hope Group and relying on the customer-access attributes of property services, the Company achieved good performance growth in the lifestyle services segment through non-cyclical businesses such as group-on meals and retail services. As at 31 December 2023, the Company had 22 group-on meal business projects in operation, of which 50% fell within the comprehensive logistics services of “property + group-on meal”, achieving a bid winning rate of 42%. In the same year, customized services for corporate customers also achieved good results, a total of 24 products developed and more than 110,000 customized gift boxes provided, with the revenue from gift boxes increasing by 56.4% as compared with the same period last year.

In terms of commercial operational services, in 2023, in order to meet the needs of business development, the Company established a commercial operation company with its organization developed around “financing, investment, management and exit”. During the Reporting Period, the GFA from operating commercial projects under management by the Group was approximately 539,000 sq.m., in cities such as Chengdu and Kunming covering consumption scenarios such as professional markets, commercial streets, industrial parks and office buildings, with an average occupancy rate of 87.8%, a gross profit margin of 60.2%.

With steady development, industry-leading service quality and customer reputation, New Hope Service has been rated as one of the “TOP 100 Property Management Companies in China” by China Index Academy (“CIA”) for four consecutive years, with the ranking of the Company rising up to the 6th (10th in 2022) in terms of the market influence in Western China. Meanwhile, the company won the honors including “Top 1 Chengdu Enterprise with Excellent Service Capacity in China Property Service Industry in 2023” and “Top 5 of the Top 50 Chengdu Property Services Enterprises in terms of Comprehensive Strength in 2023.

Going forward, the Group will continue to strengthen digital construction to empower high-quality services and the improvement of management efficiency. In terms of residential business, the Group will consolidate its position as a benchmark for high-end residential projects, and empower other projects with high service standards. In terms of non-residential business, based on the all-round planning for corporate services, the Group will continue to provide B-end customers with extensive corporate services, precisely covering the needs of various companies at different stages of development. The Group will adhere to regional cultivation, with market-oriented expansion as well as investments, mergers and acquisitions, so as to expedite the development of the Company. In the future, New Hope Service will facilitate the connection with New Hope Group, and drill down into New Hope’s brand strengths in lifestyle in order to offer the clients diversified comprehensive solutions for lifestyle services.

DC Healthcare Continues Growth Momentum with Second DC Body Outlet Opening in USJ Taipan

KUALA LUMPUR, Mar 25, 2024 – (ACN Newswire) – DC Healthcare Holdings Berhad (“DC Healthcare” or the “Group”), an aesthetic medical services provider specialising in the provision of non-invasive and minimally invasive procedures, continues the Group’s growth momentum to announcing the opening of the latest DC Body outlet in USJ Taipan. This opening mark a significant stride in DC Healthcare’s mission to make superior aesthetic and wellness services more accessible while continuing to cater to the diverse needs of its growing clientele.

Managing Director of DC Healthcare, Dr. Chong Tze Sheng

DC Body – USJ Taipan represent an innovative leap for DC Healthcare, extending the Group’s offerings into specialised weight management, personalised nutrition counselling and body contouring. DC Body – USJ Taipan is designed in harmony with the Group’s philosophy of personalised, holistic care, developed in collaboration with esteemed medical professionals from Dr. Chong Clinic and certified nutritionists. By integrating cutting-edge technology with tailor-made wellness programs, DC Body aims to redefine the wellness journey for individuals seeking comprehensive body care and transformative health solutions.

Dr. Chong Tze Sheng, Managing Director of DC Healthcare expressed his enthusiasm for the Group’s expansion, “We are thrilled to introduce our DC Body centres, broadening our spectrum of health and aesthetic services. This expansion into USJ Taipan not only demonstrates our commitment to excellence and innovation but also signifies our response to the growing demand for holistic aesthetic and wellness solutions. We believe in empowering our clients on their journey to wellness and aesthetic, and the new outlet is a testament to our dedication to providing comprehensive, client-centered care.”

As DC Healthcare continues to extend its geographical reach, the strategic placement of new outlets is anticipated to significantly contribute to the Group’s growth trajectory. With a steadfast commitment to quality, innovation, and patient satisfaction, DC Healthcare is well-equipped to lead in the ever-evolving landscape of aesthetic medicine and wellness, promising a future where aesthetic and health go hand in hand.

DeepGlint Igniting AI Aspirations amongst Malaysian New Generation

KUALA LUMPUR, Mar 25, 2024 – (ACN Newswire) – China listed company DeepGlint Technology Co. Ltd., (“DeepGlint” or the Group”), the first visionary artificial intelligence (“AI”) listed on the Shanghai Stock Exchange, conducted a seminar in collaboration with Tunku Abdul Rahman University of Management and Technology at Setapak (“TAR UMT”) to introduce the advancement of DeepGlint’s AI technology to 120 computer science students.

Deep Glint Group Photo with Students: [L-R] Zhou Rui (DeepGlint Technology Co., Ltd. CTO); Pakern Wong (DeepCore Technology Sdn Bhd, Director); Representative of DeepGlint Technology Co., Ltd.); Zhao Yong (DeepGlint Technology Co., Ltd. CEO); Dr. Wong Thein Lai (Deputy Dean of Research and Development at the Faculty of Computing and Information Technology cum Assistant Professor of TAR UMT); Ng Jun Lip (DeepCore Technology Sdn Bhd, Founder); Representative of TAR UMT

Token of appreciation presentation: Dr. Wong Thein Lai (Deputy Dean of Research and Development at the Faculty of Computing and Information Technology cum Assistant Professor of TAR UMT); Zhao Yong (DeepGlint Technology Co., Ltd. CEO)

DeepGlint, a frontrunner in AI, computer vision, and big data analysis, showcased the Group’s innovative solutions across various domains, including the metaverse, intelligent sports, and traffic management. The seminar provided a platform for students to gain insights into cutting-edge technologies and the company’s impactful projects. The event marked a significant step towards strengthening Malaysia’s foothold in the global AI landscape, aligning with Malaysia’s vision for greater talent exchange with China.

In a pivotal move, DeepGlint also announced the cooperation with a Malaysian AI company, DeepCore Sdn. Bhd. (“DeepCore”). In a combined effort, both companies will focus on leveraging local talent and resources to further advance AI technologies and solutions, reinforcing Malaysia’s strategic role in the global technology ecosystem.

DeepCore, is currently exploring with TAR UMT to recruit students for a talent exchange program where the selected students will undergo training and hands-on experience within a mature AI business environment at DeepGlint’s headquarter in Beijing, China. Successful candidates will be given full-time employment with DeepCore or be granted scholarships for further education.

Mr. Zhao Yong, Founder and Chief Executive Officer of DeepGlint said, “We are pleased to see so many talents in Malaysia. DeepGlint is committed to empowering young minds and bridging the gap between academia and industry. Our partner, DeepCore is a testament to our belief in Malaysia’s potential as a key player in the AI revolution across the ASEAN and the Middle Eastern market. The talent exchange program will allow us to find talents and at the same time, to contribute to the AI development in Malaysia and ASEAN.”

Dr. Wong Thein Lai, Deputy Dean of Research and Development at the Faculty of Computing and Information Technology cum Assistant Professor of TAR UMT added, “The seminar with DeepGlint was an eye-opening experience for our students, providing them with a rare glimpse into the future of technology and their place within it. We are grateful for this opportunity and the prospects for the future it presents for our students’ professional growth.”

Chu Kong Shipping Announces 2023 Annual Results, Profit Attributable to Equity Holders of the Company Increases by 22.0% year on year to HK$114.1 Million

HONG KONG, Mar 25, 2024 – (ACN Newswire) – Chu Kong Shipping Enterprises (Group) Company Limited (“Chu Kong Shipping”, or the “Company”, together with its subsidiaries, the “Group”; Stock Code: 560.HK) is pleased to announce its annual results for the year ended 31 December 2023 (the “Year”).

During the Year, the Group’s terminal navigation logistics business progressed well, with continuous improvement in the cargoes transportation volume. Following the normalisation of traveller clearance resumption after the COVID-19 epidemic, routes resumed in an orderly manner; the cross-border waterway passenger transportation business has been greatly improved with a great rebound in the number of passengers. The Group maintained a steady and robust development in its overall business operations. The Group recorded consolidated revenue of HK$2,553.8 million (2022: HK$2,899.5 million). Profit for the Year increased by 13.5% year-on-year to HK$122.6 million (2022: HK$108.0 million), while profit attributable to equity holders of the Company amounted to HK$114.1 million (2022: HK$93.5 million), representing an increase of 22.0% as compared to the same period last year. The board of directors of the Company resolve to propose a final dividend of HK5 cents per ordinary share (2022: a final dividend of HK4 cents per ordinary share and a special dividend of HK2 cents per ordinary share).

Innovating Logistics Business Model to Propel Comprehensive Upgrade of Terminal Navigation Logistics Business

By extending the business chain and exploring market opportunities, the Group has vigorously developed its modern logistics industries including terminal logistics, warehousing logistics, integrated logistics, cross-border e-commerce and air freight logistics. Regarding cargo transportation business, the Group managed to maintain a stable foundation in inland container transportation and achieved breakthroughs in construction logistics and integrated logistics by strengthening cooperation with terminals and successfully venturing into e-commerce local delivery services during the Year. The container transportation volume for the Year amounted to 1,321,000 TEU, representing a year-on-year increase of 2.8%. The volume of container hauling and trucking on land amounted to 184,000 TEU. The volume of break bulk cargoes transportation for the Year was 1,143,000 tons, representing a year-on-year significant increase of 68.6%. Regarding cargo handling and storage business, the container handling volume was 1,095,000 TEU, while the break bulk cargoes handling volume was 8,966,000 tons.

Through actively responding to market changes, Chu Kong Transhipment & Logistics Company Limited (“CKTL”) promptly adjusted its business strategy and began vigorously transitioning towards becoming an integrated logistics operator, firmly seizing the potential of the Modular Integrated Construction (“MIC”) transportation and construction logistics market. CKTL capitalised on the emerging trend of MIC to win several small-medium transitional housing projects. CKTL has also successfully won the bid for a sand supply for certain phases of the Hong Kong International Airport construction project. In terms of e-commerce business, CKTL has strengthened the integrated business model of “barges + terminals and warehouse services + local delivery” and continues to explore the potential of e-commerce logistics business. During the Year, CKTL smoothly developed the cross-border railway transportation business, successfully undertook the freight cargo businesses of drones from well-known technology companies, and actively prepared for the construction of a logistics network in Vietnam.

During the Year, subsidiaries continued to optimise their business models and implemented various measures to strengthen cost control, resulting in a stable enhancement in the operational efficiency of most regions. By seizing the opportunity from Hong Kong’s international airline hub, CKTL transformed and upgraded its freight cargo business to provide destination customs clearance and delivery services, consistently expanded the customer base for its freight cargo warehouse, resulting in a 31% year-over-year increase in air freight handling volume. By expanding the climate-controlled and bonded storage area at Tuen Mun warehouses and successfully putting them into operation to store high-value items such as perfumes, cosmetics, as well as duty-free alcohol, the climate-controlled warehouse is currently at full capacity. High-rise shelving has been added to certain areas of the warehouses to expand its storage capacity and efforts to actively seek new sources of goods led to the successful introduction of projects involving internationally renowned apparel brands.

Strategically Utilising Advantages of Resources for Highly Efficient Optimisation of Passenger Transportation Business Development

The Group’s cross-border waterway passenger transportation has resumed since 8 January 2023. Following a series of preparations for the resumption of ferry routes, normal operation for 6 urban routes and 5 airport routes has been achieved, among which the “Zhongshan-Hong Kong” line operated by Zhongshan-Hong Kong Passenger Shipping Co-op Co., Ltd. has restored profitability. During the Year, Chu Kong Passenger Transport Company Limited (“CKPT”) recorded a 1,062.2% and 650.4% increase in the total number of passengers for agency services and the number of passengers for terminal services to 1,476,000 and 953,000, respectively. The passenger transportation agency services business in Hong Kong also achieved a turnaround.

During the Year, CKPT has launched three new routes, including “Shenzhen Airport Ferry Terminal-China Ferry Terminal”, “Guangzhou Pazhou-China Ferry Terminal” and “Guangzhou Pazhou-Hong Kong International Airport”. CKPT has coordinated and optimised the operating management of an integrated platform of cross-border passenger transportation and continued to deepen cooperation with airlines and travel agency industries, as well as enhanced the marketing functions on new media platforms including “Tongcheng” and “Tiktok” to achieve favourable situation. The passenger volume has steadily increased and operational effectiveness has been improved progressively. By innovating marketing models and collaborating with other business divisions within the Group, CKPT has launched the ticket package “Cross-border Passenger Transportation +”, creating synergy and aiding the development of convenient travel within the transportation industry and the Guangdong-Hong Kong-Macao Greater Bay Area (the “Greater Bay Area”).

Furthermore, CKPT has placed great emphasis on airport core projects and strengthened its competitive advantage by continuously expanding its project layout and business outreach around the Hong Kong International Airport. The operation scale of self-service baggage drop project at the Hong Kong International Airport has been restored to pre-epidemic levels and continues to expand. The Group is currently preparing for the next phase of the tender process. Through actively developing long-term customers and serving a number of ad-hoc customers, the apron vehicle sharing service maintained stable operation.

Maximising Synergistic Effects while Cultivating Local Ferry and Water Cultural Tourism Businesses

Regarding local ferry services, the Group has seized the development opportunity brought by the resumption of normal traveller clearance and witnessed a rebound in the number of passengers, recording 12,269,000 in the number of passengers, representing a year-on-year increase of 8.2%. Sun Ferry Services Company Limited (“Sun Ferry”) was committed to enhancing its full-cycle service capabilities, optimising pier facilities, improving the passenger ferry ride experience, the non-farebox revenue was increased through the promotion of outlying island tourism and terminal improvement projects. Regarding water cultural tourism business, Oriental Pearl Cruise Company Limited operated a total of over 1,000 trips with 55,000 passengers and recorded a profit for the first time. During the Year, the “Oriental Pearl” cruise achieved regular berthing operations at the Central Pier, and its high-end business charter and sightseeing services attracted numerous high-end clients, gaining multiple media coverages.

As for the fuel supply business, Sun Kong Petroleum Company Limited achieved growth in sales volume of both diesel and engine oil, turning a loss into a profit, while at the same time successfully renewing the China Hong Kong City Oil Supply Project, winning the bid for the HKSAR Government’s marine oil bunkering project and reaching a cooperation project as the lubricating oil supply agency.

During the Year, pursuant to the outstanding performance in Environmental, Social and Governance (ESG) management, the Group was successfully included in the “ESG Pioneer 100 Index for Listed Stated-Owned Enterprise (2023)” list.

Outlook

In 2024, with the national avocation for the evolution of new quality productive forces to achieve high-quality development in the real economy, the Group has been provided an important support in creating new engines of development and constructing new competitive advantages. Along with full utilisation of the comparative advantages of the Greater Bay Area cities, continuous optimisation of the functional layout of the regions, continuous improvement of talent exchange channels, and gradual appearance of the effects of integration and development, the Group will obtain a bigger scope and a better platform in its future development process. The Group will firmly grasp the strategic opportunities brought by the national policies to construct a development platform to expand new horizons for business growth, enhance the momentum of development to cultivate new competitive edges in project development, and drive the high-quality advancement of the enterprise in the following areas:

Firstly, the Group will build the terminal development platform and realise joint coordination development among the terminal cluster. The Group will strive to strengthen the integration of terminal logistics resources and actively build a modern terminal logistics industry system, to form a new landscape of terminal logistics characterised by reasonable allocation and coordinated development. With the goal of establishing scalable terminal platforms, the Group will plan its layout comprehensively and adjust its strategies dynamically with flexibility. It will precisely allocate incremental terminal resources, and proactively develop core terminals that have the capability to lead and provide supportive capacity. Through the dislocation development of regional terminals, driven by core terminals and coordinated with other regional terminals, a regional terminal consortium will be formed to enhance the overall strength and market competitiveness of the Group’s terminal cluster.

Secondly, the Group will build the integrated logistics development platform to promote industry chain towards high-end level. By establishing a new pattern of synergistic development among terminal nodes in Mainland China, with CKTL serving as the link, the Group will construct an integrated logistics platform with formidable overall strength and competitive prowess. With a focus on building warehousing logistics centres with high self-operation proportion and outstanding efficiency, the Group will actively expand value-added businesses, strive to achieve new breakthroughs in the high-end logistics industry chain in order to become a leading regional supply chain service provider. In addition, focusing on the vast infrastructure logistics market in Hong Kong and Macao and closely monitoring potential construction projects in Hong Kong, the Group will strive to establish a dominant market position in the field of infrastructure logistics.

Thirdly, the Group will build the development platform for waterway passenger transportation to promote synergistic effects of new business models. The Group will optimise and adjust the resources of waterway passenger transportation in the Greater Bay Area, with an emphasis on developing core cross-border routes from Guangzhou Pazhou to Hong Kong’s urban area and airport, thereby enhancing the operational efficiency of these routes. The Group will also strive to participate in the development of Hong Kong into “Airport City”, and actively bid for the Hong Kong International Airport’s strategic high-quality projects. The Group will strengthen the local ferry business by better utilising the business platform of Sun Ferry. In addition, by better developing the water-based tourism market and utilising resources as well as the brand of “Oriental Pearl”, the Group will further deepen the multi-level and diversified water-based market. Furthermore, the Group will endeavour to carry out the oil supply in marine work projects of HKSAR Government, expand the fleet for lubricant vessels, expand oils and its related business, and establish the new “one-stop” and “end-to-end” oil supply chain business model.

Fourthly, the Group will strengthen the development momentum of the “Belt and Road” initiative and provide new avenues for business expansion. The Group will continue to promote the implementation of its “Going Out” strategy, and strive to accomplish a series of projects with promising prospects and strategic complementarity. To better exert the market “outpost” effect of overseas business nodes and networks, the Group will seek more business collaborations and foreign investment opportunities in ASEAN markets, including Singapore, Malaysia, Thailand and Vietnam.

About Chu Kong Shipping Enterprises (Group) Company Limited

Chu Kong Shipping is a listed company incorporated in Hong Kong held by Chu Kong Shipping Enterprises (Holdings) Company Limited and subject to Guangdong Provincial Port & Shipping Group Company Limited. Chu Kong Shipping operates and manages the largest high-speed passenger fleet and network of waterway passenger transport in Guangdong, Hong Kong and Macau which is based in Hong Kong and covers cities in the Greater Bay Area namely Guangzhou, Shenzhen, Shunde, Zhongshan, Dongguan, Macau and so on. CKSG operates the local ferry services in Hong Kong since its acquisition of Sun Ferry in May 2020, providing services on five main inner harbour and outlying island ferry routes, and developing the Victoria Harbour water cultural tourism projects simultaneously. Chu Kong Shipping is also one of the largest operators of inland terminal and logistics service in the PRD. Based in Hong Kong, Chu Kong Shipping builds up a network covering multiple cities in the PRD, including Zhaoqing, Qingyuan, Foshan, Guangzhou and Jiangmen etc., providing the operation of inland cargo terminals, integrated logistics, international forwarding and solutions to logistic supply chain and so on.

For more information, please visit: https://www.cksd.com/

2024 Australian IT Journalism Awards Winners Announced

SYDNEY, AU, Mar 25, 2024 – (ACN Newswire) – ABC News and David Swan, technology editor of The Sydney Morning Herald and The Age have walked away with the “Gold Lizzies”, taking the top honours at the 22nd Annual Samsung IT Journalism Awards.

Produced by media intelligence platform Influencing, the Awards recognise the most outstanding journalists and outlets covering technology in Australia each year.

This year our event’s new home at Doltone House in Jones Bay Wharf played host to around 300 guests and sponsors, with the harbour providing a stunning backdrop for red carpet arrivals & cocktails from 6.30pm.

Below – Marc Fennell of the ABC with Graeme Philipson Best Columnist winner Jackson Ryan on the red carpet.

(Event Photos by Elly at Fluential Studio / fluential.au)

Free to enter, and predominantly peer-judged, these awards are only possible thanks to our Name Sponsor Samsung Australia, our lifelong event partners at Watterson, our partners Amazon Web Services, Optus, Cisco, NetApp, the Australian Computer Society, Meta, our design & print partners Canva and our Official Gin Sponsor Aussie Broadband.

With 23 categories contested by 140 entrants, the awards were as closely fought as they have ever been. This year The Age and Sydney Morning Herald’s David Swan and ABC News have taken home the top awards known as the gold Lizzies, taking home Best Journalist and Best Title respectively.

This was the third win for both parties. David Swan also scored the trophy for Best Technology Journalist and Best Telecommunications Journalist with a highly commended in the Best Technology Issues category.

Meanwhile ABC News also took home Best Gaming Coverage and Best News Coverage in addition to their Best Title win. The ABC team is pictured below with our Naming Rights sponsor Samsung Australia.

Left to to right: Julian Fell (ABC); Ben Spraggon (ABC); Matea Rojas, Head of Corporate Communications at Samsung Australia; Gianfranco Di Giovanni (ABC) and Jackson Ryan.

“Once again, the Samsung Australian IT Journalism Awards proved what a special event it is – it is remarkable that even after 22 years it continues to grow in importance and stature,” said Influencing CEO and show host / MC Phil Sim (Pictured below presenting this year’s Pioneer of IT Media to industry veteran Len Rust).

“Our 2024 awards once again served their mission. Primarily, that is to recognise excellence in technology media and journalism, with the ambition that it inspires journalists to rigorously investigate and report on critical technology-related issues faced by the world today.”

“However, it is also about bonding the community – it is the one event that brings together technology journalists, and the people they work with, to renew friendships and build new ones, and with more than 280 people in attendance, it certainly achieved that again.”

We would like to once again thank all our sponsors for their support; the community of media communications professionals who choose to join in support of the event each year, and of course all our entrants, finalists and winners at this year’s Samsung Australian IT Journalism Awards.

The complete list of winners and highly-commendeds is below. Thank you everyone for making the event special, we look forward to bring this event to you again in 2025.

2024 IT Journalism Award Winners

Alicia Camphuisen Best New Journalist
Petra Stock
HC: Emily Spindler-Carruthers

Best Security Journalist
David Swan
HC: Patrick Gray

Best Technical Journalist
David Braue
HC: Jeremy Nadel

Best Gaming Journalist
Fergus Halliday
HC: Daniel Van Boom

Best Gaming Coverage
ABC News
HC: GamesHub

Paul Zucker Best Technology Industry Journalist
Jessica Sier
HC: Nick Bonyhady

Best Game Reviewer
Edmond Tran
HC: Amanda Yeo

Best Technology Reviewer
John Davidson
HC: Alex Kidman

Best Technology Issues Journalist
Ariel Bogle
HC: David Swan, Julian Fell

Pioneer of IT Media
Len Rust

Best Short Form Content
Tobias Venus
HC: Cam Wilson

John Costello Best Business Technology Journalist
Justin Hendry
HC: Paul Smith

Best Business Coverage
The Australian Financial Review
HC: Mi-3

Best Consumer Technology Coverage
The Age & Sydney Morning Herald
HC: SmartCompany, Canstar Blue

Best News Coverage
ABC News Story Lab
HC: The Age & Sydney Morning Herald

Graeme Philipson Best Columnist
Jackson Ryan
HC: Paul Smith

Cass Warneminde Best News Journalist
Ariel Bogle
HC: Andrew Birmingham, Joseph Brookes, David Braue

Best Independent Media
Checkpoint Gaming
HC: The Martech Weekly, Player2

Helen Dancer Best Consumer Technology Journalist
Alex Kidman
HC: Fergus Halliday

Best Audio Program
Risky Business
HC: Download This Show, Debunks

Best Video Program
SBS
HC: Tobias Venus

Best Telecommunications Journalist
David Swan
HC: Paul Smith

David Hellaby Best Media Relations
Salvatore Di Muccio
HC: Angela

Best Corporate Content
David Braue
HC: Huntley Mitchell

Gold Lizzie: Best Journalist of the Year
David Swan

Gold Lizzie: Best Title of the Year
ABC

About Samsung Australian IT Journalism Awards

Known affectionately as The Lizzies and held every year since 2003, the Australian IT Journalism Awards acknowledge the most outstanding journalists and outlets covering technology in Australia each year. Content, Journalism, Beat/Vertical and Media Relations – there are 21 separate awards, plus our two special categories: Title of the Year, currently held by the Australian Financial Review; and Journalist of the Year, currently held by David Braue. Ensuring audiences have an accurate, balanced & accessible understanding of technology is critical for Australia’s future commercial growth. The peer-judged awards advance this cause each year, by publicly identifying and encouraging good tech journalism. https://www.thelizzies.com/

Media Contact:
Mike Woodcock
Chief Commercial Officer
Influencing & the Mediaconnect Group
www.Influencing.com
mike@mediaconnect.com.au / mike@Influencing.com
O: +61 2 9894 6277
M: +61 411 969 248

Follow #Lizzies or #Lizzies24 on Instagram & Twitter

W Capital Markets Partners with VCI Global to Offer Comprehensive Capital Markets Strategy Services to List Clients on the NASDAQ

SINGAPORE, Mar 25, 2024 – (ACN Newswire) – W Capital Markets Pte. Ltd. (“W Capital”) has entered into a collaboration agreement with VCI Global Limited (NASDAQ: VCIG) (“VCI Global”), for the purpose of introducing prospective clients to one another.

VCI Global is a diversified holding company which primarily offers consulting services in capital markets, real estate, AI, and technology. In technology businesses, the company operates a proprietary financing platform that serves companies and individuals, as well as a secured messaging platform serving governments and organizations. VCI Global also invest, incubate, accelerate, and commercialize businesses and technologies in AI, robotics, and gamification.

Under this collaboration agreement, VCI Global will introduce clients, to W Capital, who may have an interest in the investment banking services offered by W Capital and will collaborate with W Capital to jointly advise clients with interest in seeking initial public offering listings on the stock exchanges in the United States, particularly the Nasdaq Capital Markets.

“We are confident that this collaboration will create significant value for our clients who intend to seek a listing on the Nasdaq Capital Markets by providing them with access to the combined expertise and resources of W Capital and VCI Global to help them navigate the IPO process successfully. Furthermore, clients introduced by VCI Global will gain access to our full suite of bespoke investment banking services, including M&A and trade sale advisory and private equity growth capital fund raising, and clients may also be able to tap into pre-IPO funding provided by W Capital Private Equity VCC, an associate of W Capital which invests in small to mid-cap companies from Series B to Pre-IPO stage, to bridge their funding needs prior to their planned IPO” said Wayne Lee, Chairman and Chief Executive Officer of W Capital.

“This collaboration will enable both parties to leverage on each other’s strength. In the case of VCI Global, this collaboration will enlarge our pool of potential clients seeking to be listed in the United States, which undoubtedly will further increase our earnings into the medium term at the very least. Of course, we are pleased to be able to reciprocate W Capital’ actions by passing clients to them with interest in investment banking services,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

About W Capital Markets Pte. Ltd.

W Capital is a holder of the Capital Markets Services (“CMS”) licence issued by the Monetary Authority of Singapore to conduct the regulated activities of “Advising on Corporate Finance” and “Dealing in Capital Market Products that are Securities and units in a Collective Investment Scheme” and is an accredited IPO Mainboard Issue Manager and Catalist Full Sponsor authorised by the SGX. W Capital provides a full suite of bespoke investment banking services, including M&As, IPOs, Pre-IPO & secondary fund raising and financial advisory, with a focus on mid-cap companies (S$50 million to S$1 billion enterprise value) in the Asia Pacific region.

For more information on W Capital, please visit our website at https://www.wcapitalmarkets.com.sg.

Media Contact:
For media queries relating to this press release, please contact:
Vicki ZHOU / LEE Ke Wei
zhouyan@financialpr.com.sg / kewei@financialpr.com.sg

How AI, Genetics and Biotechnology Revolutions will Transform our Future: Jamie Metzl at the Global AI Show

DUBAI, Mar 25, 2024 – (ACN Newswire) – The Global AI Show is thrilled to announce Jamie Metzl, esteemed author, technology visionary, and healthcare futurist, as a featured speaker for its upcoming two-day conference. Set to convene thought leaders and industry experts from across the globe, this event promises to be a pivotal moment in the advancement of artificial intelligence.

Metzl is one of the world’s leading authorities on the implications of the intersecting AI, genetics, and biotechnology revolutions and how governments, corporations, organizations, and individuals can ride the wave of these unprecedented transformations to build their best possible futures.

At the Global AI Show, Metzl will be exploring the power of genetic technologies and AI, and their potential to reshape human life. He will discuss the scientific breakthroughs and real-world applications of genetic technologies, thereby bringing unmissable insights into AI and biological revolutions.

“I am thrilled to be Headlining at the Global AI Show, the world’s premier event for artificial intelligence. AI and other revolutionary technologies are rapidly transforming every aspect of our world. Exploring what this means for each and all of us and how we can ride the wave of this change toward greater meaning and success must be all of our work,” said Jamie Metzl.

The Global AI Show, which is hosting regional and international AI leaders to discuss groundbreaking AI applications and new developments, will also include an exclusive sneak peek into Metzl’s highly-anticipated new book, Superconvergence: How the Genetics, Biotech, and AI Revolutions Will Transform Our Lives, Work, and World. Additionally, attendees can get a signed copy of Metzl’s international bestseller, Hacking Darwin: Genetic Engineering and the Future of Humanity at the event.

In 2019, Metzl was appointed to the World Health Organisation expert advisory committee on human genome editing. He frequently appears on national and international media, and his work has been featured by 60 Minutes, the New York Times and other major media outlets.

Metzl’s inclusion as a speaker underscores the caliber of expertise and insight that attendees can expect at the Global AI Show. With a profound understanding of emerging technologies and their impact on various sectors, including healthcare, he brings a unique perspective to the conversation surrounding AI.

Do not miss the chance to hear Jamie Metzl and other luminaries at the Global AI Show, taking place at the Grand Hyatt Dubai on April 16 and 17, 2024. For more information and to register, visit: www.globalaishow.com/tickets/.

About VAP Group

VAP Group, an industry leader with over a decade of expertise in Web3 and Blockchain solutions, continues to revolutionize the landscape of digital innovation. Established in 2013, VAP Group has consistently delivered premium services including public relations, advertising, recruitment, content development, media, and management. Led by Mr. Vishal Parmar, the Founder and Chief Executive Officer, VAP Group stands at the forefront of innovation, shaping the future of blockchain technology. Under his mentorship, the company has focused on pioneering strategies in PR marketing, influencer marketing, bounty campaigns, conferences, and campaigns, setting new benchmarks in the industry. What truly sets VAP Group apart is its dedication to creativity, uniqueness, and holistic solutions. By adopting an innovative and forward-thinking approach, VAP Group has distinguished itself as a beacon of innovation amidst the competitive landscape of blockchain consultancy.

VAP Group is the organizer of Global Blockchain Show and Global AI Show, extraordinary platforms poised to redefine the landscape of blockchain and AI technology respectively, offering dynamic gatherings where the brightest minds converge to unlock the potential of these transformative technologies.

For media enquiries, send an email to:
media@globalaishow.com

TCG World Announces Strategic Partnership with SKALE to Enhance the Metaverse Experience

NEW YORK, N.Y., Mar 25, 2024 – (ACN Newswire) – In a significant move to revolutionize the metaverse landscape, TCG World is thrilled to announce its strategic partnership with SKALE, a leader in scalable blockchain solutions. This collaboration marks a pivotal step in TCG World’s mission to deliver an unparalleled digital universe, offering users a seamless, engaging, and infinitely expandable metaverse experience.

TCG World, renowned for its innovative approach to virtual worlds, combines immersive gameplay, state-of-the-art HDRP graphics, and a vast array of interactive possibilities. Developed with Unity and crafted by a team of AAA studio professionals, TCG World has established itself as a premier destination for gaming, business, and social interaction within the digital realm.

The partnership with SKALE addresses one of the most pressing challenges in the metaverse and blockchain spaces: scalability and transaction fees. By integrating SKALE’s cutting-edge scaling solution, TCG World will eliminate gas fees for its users, significantly enhancing accessibility and the overall user experience. This integration not only ensures a smoother, more engaging platform but also paves the way for future growth and innovation.

“Collaborating with SKALE is a game-changer for TCG World and our community,” said David Evans, CEO and Founder of TCG World. “SKALE’s technology enables us to scale our universe in ways previously thought impossible, removing barriers and opening up a world of opportunities for users to explore, create, and connect.”

Jack O’Holleran, CEO of SKALE, expressed his enthusiasm for the partnership, stating, “TCG World’s visionary approach to the metaverse aligns perfectly with SKALE’s mission to empower developers with the tools they need to build the future. We’re excited to see how TCG World leverages SKALE’s gas-free blockchain to enhance their platform and redefine what’s possible in virtual worlds.”

This strategic partnership is set to launch TCG World into new heights of innovation and user satisfaction. As TCG World and SKALE join forces, the boundaries of the metaverse will expand, offering a richer, more dynamic universe for users to immerse themselves in.

Stay tuned for updates on this exciting partnership and the future developments of TCG World.

About TCG World

TCG World is at the forefront of the gaming industry, creating immersive and interactive metaverse experiences. With a commitment to innovation, TCG World is developing a virtual world that offers endless possibilities for exploration, creativity, and entertainment.

About SKALE

SKALE is a blockchain scalability platform that offers high-speed consensus and empowers developers to create decentralized applications without the limitations of traditional blockchain technology. SKALE’s innovative approach to scalability provides a seamless experience for both developers and users. Website | Twitter | Discord

Media contact:
PlatoAiStream.com
Zephyr@platodata.io

Dr Jaishankar Interacts With Diaspora at OWIS Digital Campus

SINGAPORE, Mar 25, 2024 – (ACN Newswire) – India’s External Affairs Minister Dr S Jaishankar had a vibrant interaction with members of the Indian diaspora in Singapore and students of the Global Schools Group at a three-hour long session at the Quantum Arena of One World International School Campus on Sunday.

Dr S Jaishankar at OWIS Digital Campus

The session was an interaction with the respected and popular Foreign Minister of India who is in Singapore on a 3-day visit on account of his book tour following the release of his latest work ‘Why Bharat Matters’. Dr Jaishankar spoke extensively on a number of issues including India’s economic progress as a nation, its relationship with the diaspora and its aspirations for the future. He also touched up on many topics including sustainability, start-up culture and student community.

“India’s bounce back from the pandemic has been remarkable, showcasing its economic prowess and societal resilience,” Dr Jaishankar said, adding, “We have streamlined business regulations, invested in rural infrastructure, and embraced digitization, laying the foundation for a prosperous future.” He also took a range of questions from students of OWIS and GIIS, as well as from members of the audience, answering them with flair and poise.

The event was attended by business professionals, students, educationists and members of the Indian community in Singapore. It began with a ‘Ganesh Vandana’ – the auspicious Indian way of commencing any event by invoking the Elephant God Ganesha – performed by students of GIIS.

A 20-minute documentary on Indian freedom fighter Netaji Subhash Chandra Bose and his connection with Singapore was also shown during the occasion, in collaboration with the local Tagore Society. “India has marked a significant milestone in its history by honouring one of its greatest freedom fighters, Netaji Bose, with the unveiling of his statue at Kartavya Path in the capital,” Dr Jaishankar observed. “Netaji remains a beacon of inspiration for our nation, guiding us through our journey of progress and development,” he said. “As we celebrate India’s rise on the global stage, it is essential to pay homage to the struggles that paved the way for our success.”

In addition, Dr Jaishankar also said that as India embarks on its journey of growth and development, there is value in investing in its people and creating economic opportunities for all. “Our roots define who we are as a nation, and it is essential to nurture and cherish them. By investing in our people and fostering prosperity, we lay the groundwork for a more inclusive and sustainable future.”

During his visit to Singapore, Dr Jaishankar met with the city-state’s prime minister Lee Hsien Loong, and also gave a lecture at the Institute of South Asian Studies. This was his maiden visit at the Global Village Campus, and third visit to Global Indian International School.

Contact Information
Rupali Karekar
Divisional Manager
rupali.karekar@globalschools.com
+6598734320

SOURCE: Global Schools Foundation

View the original press release on newswire.com.