Know the Importance of Citibank Ready Credit

SINGAPORE, Dec 20, 2023 – (ACN Newswire) – Needing to fork out emergency cash for unexpected expenses can be a stressful experience, but thankfully, help is just round the corner. With Citibank Ready Credit, you can access a flexible line of credit up to 4X your monthly income or up to 8X your monthly income if your annual income is S$120,000 and above. You will also have the flexibility of converting your Citi Credit Card and Citibank Ready Credit card statement balance into instalments via the Citi Mobile App for fuss-free repayments.

On top of providing access to a flexible line of credit to ease your emergency cashflow needs, Citibank Ready Credit also offers the following features:

Citi Quick Cash: If you need cash for big-ticket expenses like renovations or education, you can convert your available credit limit to a cash loan with competitive interest rates.
Balance Transfer: Look forward to more interest savings when you transfer outstanding balances on any other bank’s credit card or credit line to your Citibank Ready Credit account.
Quick Cash Access: With Citi Ready Credit, you can easily withdraw cash at over 2 million ATMs locally and overseas.
Effortless Fund Transfers & Bill Payments: Carry out hassle-free fund transfers and bill payments anytime via Citibank Online or the Citi Mobile App.

Keep reading to find out how to apply for Citibank Ready Credit in Singapore.

Requirements to apply for Citibank Ready Credit

To apply for Citibank Ready Credit, you will need to fulfil the following criteria:

Age:
– 21 years and above

Minimum annual income:
– Singaporeans and PRs: S$30,000
– Foreigners: S$42,000

You will be required to produce the following documentation for your application:

Salaried Employees:
– NRIC/Passport copy
– Latest original computerised payslip / Tax Notice of Assessment

Self-Employed:
– NRIC/Passport copy
– Income Tax Notice of Assessment from the last 2 years
– Bank statements from the last 3 months

Foreigners:
– Copy of passport and work permit with a validity of minimum 6 months
– Copy of utility or telephone bill/bank statement with your name and address
– Income Tax Notice of Assessment
– Latest original computerised payslip

You may apply for Citibank Ready Credit online using Singpass/call 6363 6666 or visit any Citibank branches in Singapore.

How and where to use Citibank Ready Credit?

Once your application is approved, you can make purchases with ease at millions of merchants worldwide with the Citibank Ready Credit Card. If you prefer to go cashless, simply add your card to Apple Pay/Samsung Pay for hassle-free contactless payment. On top of making purchases, you can also carry out your day-to-day banking transactions effortlessly, including transferring funds from your Citibank Ready Credit Account to any other bank account, issuing cheques, performing ATM cash withdrawals, and paying bills online. You also have the option of converting your available credit line into a cash loan and repaying it in fixed, manageable monthly instalments.

Conclusion

If you are looking for a convenient solution to your emergency cash flow needs, Citibank Ready Credit may be the answer. With the option of repaying your credit card balance statements in affordable instalments, Citibank Ready Credit can help fulfil your urgent liquidity needs while ensuring financial flexibility. Please reach out to the Citibank team in Singapore if you have any queries.

Citi Singapore

Citi Singapore is a full-service bank offering consumers, corporations, governments, and institutions in Singapore a broad range of financial products and services. It is one of Singapore’s largest foreign banking employers and a significant hub for Citi globally.

The content reflects the view of the article’s author and does not necessarily reflect the views of Citi or its employees. Please read the products and offers on the Citi Singapore website for accuracy or completeness of the information presented in the article.

Contact Information
Sonakshi Murze
Manager
sonakshi.murze@iquanti.com

The 1ex Trading Board Turns Down $50 Million Takeover Bid

ISTANBUL, TURKEY, Dec 20, 2023 – (ACN Newswire) – The founders of the ecosystem for professional traders and PROP trading companies, 1ex Trading Board, declined an offer to sell the company for $50 million just a few days before the listing of their own token. The potential buyer was a British venture fund (name undisclosed) specializing in blockchain and crypto projects from 2020. They had intended to acquire 1ex Trading Board’s business in a closed Seed round. The intermediary for the deal was the well-known investor and businessman Yusuf Berkan.

Yusuf, a member of the Forbes (U30) Technology Council, also plays a crucial role in organizing the TechPark Investment Gala & Conference. Alongside these responsibilities, he continues to contribute to Forbes. In November 2022, Yusuf received a certificate from Sabanci University’s Center of Excellence in Finance.

“The potential buyer from Britain had plans to acquire the company for $50 million. We went through three stages of negotiations, but the founders of 1ex Trading Board ultimately decided to reject the offer. I believe there are two reasons for this: the resurgence of the crypto market and the beginning of a bull run, as well as a sudden boost in the project’s support from the community and other partners,” said Yusuf Berkan.

1ex Trading Board is a new product designed for professional traders. The platform consists of several modules, including a neural news network, a scalping drive with unique features in the market, a risk management system, and an Algo module that enables the creation of bots without programming skills.

It became known that in the days leading up to the token listing on the centralized exchange, the number of token holders significantly increased. The company’s products were positively received by traders and leaders of PROP trading companies.

In just the last week, over 5,000 people registered on one of the services, 1ex AI News. The company is currently preparing for the token listing on MEXC, and subsequently, the token will be introduced on several other tier-1 centralized exchanges.

About 1EX Trading Board

1EX Trading Board is an one-stop ecosystem for institutional traders which includes five core products, among them: the analytical service AI News, a platform for algorithmic trading and trading bots, the SmartDOM order book analytics function, a risk management service, and our own trading platform, which will be launched in the near future.

Media Contact
Brand: 1EX Trading Board
Contact: Media team
Email: marketing@1ex.com
Website: https://1ex.com/

Government of Canada Orders the MQ-9B SkyGuardian RPAS From GA-ASI

SAN DIEGO, CA, Dec 20, 2023 – (ACN Newswire) – The Government of Canada has signed a contract to purchase a fleet of MQ-9B SkyGuardian® Remotely Piloted Aircraft Systems (RPAS) from General Atomics Aeronautical Systems, Inc. (GA-ASI). The order includes the associated Certified Ground Control Stations and support equipment from GA-ASI. The first delivery is expected in 2028.

The SkyGuardian RPAS is interoperable with Canada’s domestic missions and its continental defence missions through NORAD, as well as with Canada’s closest allies – including the Five Eyes Alliance (FVEY) and NATO – for seamless integration with current and future Canadian defence, civil air, and ground assets.

“Canada’s vast territory and complex terrains, including in the Arctic, require a cost-effective multi-mission RPAS solution that can endure long periods on station, fly in harsh weather environments, and safely operate in all airspaces,” said Linden Blue, CEO of GA-ASI. “MQ-9B SkyGuardian delivers those critical capabilities. GA-ASI and Team SkyGuardian Canada are honored by this opportunity to become a key partner to Canada for the very long term in delivering these no-fail defence and security outcomes.”

Team SkyGuardian Canada is a coalition of leading Canadian businesses – including CAE, MDA Ltd., and L3Harris Technologies – that are working with GA-ASI on MQ-9B development, delivery, and sustainment. Canada’s investments in the RPAS Project and Team SkyGuardian Canada are a direct reflection of Canada’s vested domestic interest in pursuing leading-edge RPAS technologies.

GA-ASI has had a long, successful, and proud history with Canadian industry that continues to grow. Nearly every system that GA-ASI has delivered throughout its more than 30-year history has contained some level of Canadian content, including sensors, propulsion equipment, and training/simulation systems and services. CAE, MDA Ltd., L3Harris, and GA-ASI are committed to delivering the world’s premier RPAS capability to Canada while creating domestic economic benefits and work opportunities.

MQ-9B is the next generation of RPAS, delivering exceptionally long endurance and range, with auto takeoff and landing under SATCOM-only control, and will be able to operate in unsegregated airspace using the GA-ASI developed Detect and Avoid system. First customer deliveries of MQ-9B began in 2022 to the U.K. Royal Air Force, and contracts have been signed with Belgium and the U.S. Air Force, in support of Special Operations Command. The Japan Coast Guard is currently operating the MQ-9B for maritime operations, which the Japan Maritime Self-Defense Force (JMSDF) also selected for its Medium-Altitude, Long-Endurance (MALE) RPAS Trial Operation Project. MQ-9B has additionally supported various U.S. Navy exercises this year, including Northern Edge, Integrated Battle Problem, and Group Sail.

“We look forward to working with our Team SkyGuardian Canada partners to deliver our industry-leading RPAS for Canada’s dynamic mission requirements. GA-ASI is the world leader in reliable, cost-efficient, and sustainable remotely piloted aircraft systems. These aircraft perform advanced interoperable and systems-of-systems operations for our valued customers around the world – all at a fraction of the carbon footprint impact as traditional manned systems performing similar missions,” added Blue.

About GA-ASI

General Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of General Atomics, is a leading designer and manufacturer of proven, reliable RPA systems, radars, and electro-optic and related mission systems, including the Predator® RPA series and the Lynx® Multi-mode Radar. With more than eight million flight hours, GA-ASI provides long-endurance, mission-capable aircraft with integrated sensor and data link systems required to deliver persistent situational awareness. The company also produces a variety of sensor control/image analysis software, offers pilot training and support services, and develops meta-material antennas.

For more information, visit www.ga-asi.com.

Avenger, Lynx, Predator, and SkyGuardian are registered trademarks of General Atomics Aeronautical Systems, Inc.

Contact Information:
GA-ASI Media Relations
asi-mediarelations@ga-asi.com
+1 (858) 524-8101

SOURCE: General Atomics Aeronautical Systems, Inc.

View the original press release on newswire.com.

TransNusa to Introduce Four New International Destinations in 2024

JAKARTA, Dec 20, 2023 – (ACN Newswire) – South East Asia’s first premium service airline, PT TransNusa Aviation Mandiri, is further strengthening its presence in China by increasing the frequency of its scheduled flights in Guangzhou from the current three times weekly to seven times weekly.

LEADING TOWARDS A SUCCESSFUL INTERNATIONAL EXPANSION … TransNusa Group CEO, Datuk Bernard Francis

This announcement comes barely a month after TransNusa made history by becoming Indonesia’s second airline to successfully launch scheduled flights to Guangzhou. TransNusa introduced scheduled flights to Guangzhou on November 16, this year. Scheduled flights depart Terminal 3 Soekarno – Hatta International Airport at 18.10 pm on Monday, Wednesday, and Friday and arrive at 12.10 am at Guangzhou Baiyun International Airport. Flights from Guangzhou depart at 01.25 am on Tuesdays, Thursdays, and Saturdays and arrive in Jakarta at 5.40am.

Today, TransNusa increased the frequency of its scheduled flights for this route from three times weekly to daily flights.

TransNusa has been consistently achieving milestones since the introduction of a new top management led by Datuk Bernard Francis. The airline, which introduced its first international flight on April 14, this year, has launched four new international destinations in a short span of eight months, expanding its wings from South East Asia to the Asia Pacific region.

TransNusa Group Chief Executive Officer, Datuk Bernard Francis attributes the airlines successes and accelerated growth to their customised business model and the vastly experienced management team.

“Due to our diligent team, we have managed to not only increase our scheduled flight frequency to Guangzhou but also introduce two new Chinese dishes in our menu, which are wonton noodles and Yongchow fried rice set meals,” said Datuk Bernard, adding that to enhance passenger comfort, TransNusa also has blankets for sale on their Jakarta – Guangzhou flight.

“For passenger ease, we have established our own customer call center in Canton, in addition to our call center in Jakarta,” Datuk Bernard explained.

On what to expect of the airline in 2024, Datuk Bernard said that the airline is planning to introduce three to four new international destinations.

“Next year, we plan to focus on destinations in the Asia Pacific region as well as further strengthen our presence in the Singaporean and Malaysian markets,” said Datuk Bernard, adding that on the domestic front, TransNusa passengers can look forward to the revival of targeted routes in Nusantara.

For the Jakarta – Guangzhou route, the premium service provider, deployed its Airbus A320, ensuring that its passengers have a comfortable shuttle throughout the 5-hour journey. TransNusa’s A320s have been configured with a 174-seat configuration, which allows passengers to enjoy 30-31 inches of legroom.

“The services we offer for our international flights are above the service level of a low-cost carrier. As such, the flying experience with TransNusa to international destinations will differ from flying with the airline on domestic routes since TransNusa operates as a low-cost airline in the domestic market.” Datuk Bernard concluded.

About TransNusa

Established in 2005, TransNusa started its operation by providing chartered flights. It began its commercial flights in 2011. After ceasing operations due to the Covid-19 pandemic, TransNusa relaunched itself in 2021 as a low-cost airline in its domestic market. In 2023, TransNusa introduced a new business model making it the first Premium Service Airline in the region. The new business model will apply only to its international routes. TransNusa introduced its first international route, Jakarta – Kuala Lumpur, in April this year and its second international route Jakarta-Johor, in September, this year.

The airline is currently based in Jakarta Soekarno-Hatta International Airport. Passengers can book their flights on the TransNusa website, transnusa.co.id, through authorized travel agents in Indonesia, or by contacting the airline’s customer service centre at, +62216310888.

Jati Tinggi Marks Successful Listing on ACE Market

KUALA LUMPUR, Dec 20, 2023 – (ACN Newswire) – Jati Tinggi Group Berhad (“Jati Tinggi” or the “Company”), one of the players in the field of infrastructure utilities engineering, celebrated the Group’s debut today on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The shares opened at RM0.305 per share, which reflects a 13.0% premium over the IPO price of RM0.27 per share.

Caption (L-R):Mr. Lee Tuck Wai, Chief Financial Officer, Jati Tinggi Group Berhad
Dato’ Ir. Lim Yew Soon, Independent Non-Executive Director, Jati Tinggi Group Berhad
Ms. Poon Lai Kit, Independent Non-Executive Director, Jati Tinggi Group Berhad
Mr. Chin Jiunn Shyong, Executive Director/ COO, Jati Tinggi Group Berhad
Datuk Ir. Mohd Aminuddin Bin Mohd Amin, Independent Non-Executive Chairman, Jati Tinggi Group Berhad
Dato’ Seri Lim Yeong Seong, Managing Director, Jati Tinggi Group Berhad
Datuk Hamzah Bin Mohd Tahir, Executive Director of Dealing, TA Securities Holdings Berhad
Ms. Loo May Len, Independent Non-Executive Director, Jati Tinggi Group Berhad
Ms. Vivien Hooi, Vice President, Corporate Finance, TA Securities Holdings Berhad
Mr. Teo Swee Hing, Commercial Senior Manager, Jati Tinggi Group Berhad

Jati Tinggi is listed under the stock name “JTGROUP” with the stock code “0292”.

The Group’s core activities encompass a range of essential services, including procurement, installation, testing, and maintenance of underground and overhead utilities engineering services and solutions, substation EPCC services, and supply and installation of electrical equipment for electrical substations. With a focus on project planning and project management, Jati Tinggi has established the Group’s positioning as a pivotal player in the electricity supply industry in Malaysia.

Through the IPO, Jati Tinggi has successfully raised RM18.04 million. The allocation of these funds is as follows: RM7.00 million for the repayment of bank borrowings, RM7.34 million for general working capital earmarked for new and existing projects, RM0.20 million for purchasing winch machines to support business expansion, and RM3.50 million set aside for listing expenses.

Datuk Ir. Mohd Aminuddin Bin Mohd Amin, Independent Non-Executive Chairman of Jati Tinggi, expressed gratitude, “The journey to this listing has been a collaborative effort, driven by the hard work and dedication of our team. I extend my deepest appreciation to everyone involved in this journey.”

Head of Corporate Finance of TA Securities Holdings Berhad, Mr. Ku Mun Fong commented, “Jati Tinggi’s debut on the ACE Market marks a significant milestone in their corporate journey. With their business model and strategic expansion plans, Jati Tinggi is well positioned to seize emerging opportunities in the sector. We are thrilled to have been a part of this journey. We look forward to witnessing the Group’s future success and growth in the coming years capitalising on the opportunities available from the capital expenditure to be incurred by Tenaga Nasional Berhad pursuant to recent announcements.”

TA Securities Holdings Berhad served as the Principal Adviser, Sponsor, Underwriter, and Placement Agent for the IPO.

Hong Kong: An ideal listing destination for Middle East companies

HONG KONG, Dec 20, 2023 – (ACN Newswire) – Hong Kong is an ideal listing destination for Middle East businesses, according to a new joint report by the Hong Kong Trade Development Council (HKTDC) and CCB International Capital Limited (CCB International). The report, which is released today, shows that many companies in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) see the city as their first choice when it comes to securing funding, building stronger ties with Asia (particularly China), and, ultimately, enjoying greater global recognition.^

In order to explore the potential for UAE and KSA companies to secure listings in Hong Kong, the HKTDC and CCB International renewed their collaboration [1] to deliver the new report – Hong Kong: An Ideal Overseas Listing Venue for Middle East Companies. This led them to share a series of insights from in-depth interviews with UAE and KSA industry experts and practitioners as to Hong Kong‘s suitability as a listing destination for Middle East companies. The research, which was conducted from June to October this year, concluded that several Middle East business sectors in particular – Energy and Renewable Energy, Healthcare and High-tech, Infrastructure, and Finance – had the most to benefit from a Hong Kong listing.

Commenting on the significance of the findings, Irina Fan, Director of HKTDC Research, said: “For those Middle East companies looking to expand in the region, access to Hong Kong’s diverse pool of international institutional investors will clearly be of huge benefit. This is especially the case as many such investors have an in-depth understanding of both the pan-Asia and China-specific opportunities now emerging.” She adds, “Another plus point is the impressive breadth and depth of the Hong Kong stock market. The high level of trading activity that underpins this is a clear indication of just how robust the city’s capital market has proven over the long-term.”

Michelle Pan, Head of Corporate Finance & Capital Market Services at CCB International, said: “Following the visits of President Xi and HKSAR Chief Executive John Lee to the Middle East over the past two years, the Hong Kong capital market has begun exploring opportunities for collaboration between Middle East companies and the Hong Kong financial markets. In this context, this all-rounded research paper has been developed to explain why Hong Kong, with its unique attributes, is an ideal listing and fund raising destination for Middle East enterprises. The paper provides a comprehensive analysis of the benefits of listing in Hong Kong, including access to a deep pool of capital, a world-class regulatory framework, a vibrant and dynamic business environment, and a gateway to the vast Chinese market.”

Middle East: Looking at opportunities in new markets

Middle East stock exchanges have witnessed record-breaking initial public offerings (IPOs) in recent years, with bourses in KSA and UAE all ranking among the world’s top 10 in 2022 in terms of IPO funds raised. The opportunities stemming from overseas listings, primary, dual-primary and secondary included, however, have yet to be fully exploited.

At present, many UAE and KSA companies are actively looking at opportunities in new markets and seeking funding via equity markets as they look to deliver on their global expansion plans, many of which align with the region’s commitment to economic diversification as it looks to move on from its traditional dependence on its oil and gas resources. A clear synergy, however, has become apparent between the region and fast-growing Asia, something seen as offering tremendous opportunities for many UAE and KSA businesses as they look to make good on their economic diversification aspirations.

For many UAE and KSA companies, pursuing an overseas listing is not only a way of financing their overseas expansion projects, but also an effective marketing channel as they look to enhance their global recognition and improve their visibility and credibility among clients, institutions and the investing public in a number of target markets.

Hong Kong advantages: location, rule of law, impressive market breadth and depth, global investor base

During the course of the research, interviews with a number of experts highlighted the unique benefits on offer to Middle East companies that look to list in Hong Kong, one of the world’s most highly regarded financial centres. Strategically located at the gateway to many of Asia’s major markets – most notably mainland China and the ASEAN bloc – Hong Kong has considerable appeal for UAE and KSA companies. Most notably, a Hong Kong listing will ensure such businesses can fully leverage the advantages of the city’s strategic location, while gaining access to its well-established networks and stable business environment and benefitting from its rule of law and its abundant talent pool, which is widely seen as capable of delivering the highest quality of professional service. The city’s unique advantages also extend to the absence of capital controls and a transparent, resilient Linked Exchange Rate System.

Hong Kong’s robust legal framework – something that Middle East companies value particularly highly – is a significant advantage and an essential part of its appeal as a listing destination. As the only common law jurisdiction within China, Hong Kong and its legal system has a proven track record of upholding the rule of law and of maintaining judicial transparency. This framework has long functioned as a guarantee of the fundamental rights of any global enterprise or investor looking to raise or allocate funds as part of a Hong Kong-based listing initiative.

In addition, Hong Kong’s stock market has long been renowned for its maturity, vibrancy and global connectivity, while its sizeable market capitalisation consistently sees it rank among the top 10 largest stock markets on a global basis. As to its diverse investor pool, according to the Securities and Futures Commission, overseas and Mainland China investors accounted for 64% of the asset and wealth management businesses in Hong Kong in 2022, with the majority of overseas investors coming from North America (23%), Australia, New Zealand and elsewhere in the Asia Pacific region (14%), all of which instilled substantial liquidity in the local equity market.

As to how Hong Kong can optimise its role as a premium listing hub for Middle East companies, the research emphasised the importance of strengthening and sustaining its connectivity with many Middle East countries, especially at the government and regulatory level.

Overall, building closer G2G relationships with many Middle East economies was seen as of paramount importance, with the countries’ respective governments seen as playing a significant role in steering the relevant business sectors. It was also recommended that a higher level of market promotion and investment education be undertaken with regard to many Middle East prospects as a means of nurturing and directing their interest in Hong Kong’s financial services resources.

^ The first research report focuses on the overall overseas listing regime of Hong Kong as well as Hong Kong as a listing destination for UAE companies, while the subsequent report on KSA companies listing in Hong Kong will be released in the first quarter of 2024.

[1] HKTDC and CCB International released a research report on “Hong Kong: The Most Popular Overseas Listing Venue for ASEAN Companies” on 27 May 2022.

Photo download: https://bit.ly/41r9Q2a

“Hong Kong’s substantial investor pool has unrivalled understanding of both the pan-Asia and China-specific opportunities now emerging, guaranteeing a level of insight that will be invaluable to any ambitious Middle East business.” Irina Fan, Director of HKTDC Research

“Listing in Hong Kong provides Middle East companies with a range of benefits, including access to a deep pool of capital, a world-class regulatory framework, a vibrant and dynamic business environment, and a gateway to the vast Chinese market. This makes Hong Kong an ideal destination for Middle East enterprises seeking to expand their global reach and access new opportunities.” Michelle Pan, Head of Corporate Finance & Capital Market Services, CCB International

Hong Kong is an ideal overseas listing destination for Middle East companies, according to a research report by the Hong Kong Trade Development Council (HKTDC) in collaboration with CCB International

References
HKTDC Research Portal: https://research.hktdc.com/en
“Hong Kong: An Ideal Overseas Listing Venue for Middle East Companies”: https://bit.ly/3RJWo6c

Media Enquiries
HKTDC’s Communications & Public Affairs Department:
Frankie Leung, Tel: (852) 2584 4298, Email: frankie.cy.leung@hktdc.org
Clayton Lauw, Tel: (852) 2584 4472, Email: clayton.y.lauw@hktdc.org

CCB International’s Corporate Finance & Capital Market Services:
Sam Siu, Tel: (852) 3911 8926, Email: samsiu@ccbintl.com

About HKTDC

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

About CCB International

CCB International (Holdings) Limited and its subsidiaries (collectively “CCB International”) is a financial and investment services company owned by China Construction Bank Corporation (“CCB”). CCB International is committed to expanding its international platform. Backed by the CCB global network, its business covers key financial centres worldwide including Mainland China, Hong Kong, Singapore and London. CCB International offers a full range of products and services including sponsoring and underwriting, financial advisory, corporate mergers and acquisitions, restructuring, additional issuance and placement of shares, refinancing for listed companies, direct investment, asset management, securities brokerage, market research, investment consultancy and commodities business. The corporate finance and capital market services of CCB International have assisted hundreds of companies in raising over HK$5 trillion from the global capital market. For more information, please visit: https://www.ccbintl.com.hk/English/company.html

Disclaimer: The information contained herein merely reflects the author’s own beliefs about the country concerned and the relevant economic situation. This information does not constitute or form part of any offer, solicitation or invitation to subscribe or purchase any securities. CCB International and the HKTDC do not guarantee, represent and warrant that all or any part of this information is reliable, accurate or complete.

If this document has been distributed by electronic transmission, then such transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. CCB International and the HKTDC, therefore, do not accept liability for any errors or omissions in the contents of this document, which may arise as a result of electronic transmission.

Seyond and Wideye by AGC To Showcase Functional Built-In Windshield LiDAR Solution at CES 2024

SUNNYVALE, CA, Dec 19, 2023 – (ACN Newswire) – Seyond (formerly Innovusion), a leading global provider of high-performance LiDAR sensors and solutions for autonomous vehicles and smart transportation, and Wideye, a corporate scale-up of AGC group specializing in cutting-edge glass solutions for optical sensor integration, have joined forces in a co-development for an innovative in-cabin LiDAR solution for vehicles to be presented at CES 2024.

This collaboration focuses on delivering an innovative, practical and visually seamless integration of LiDAR systems behind vehicle windshields. Following their joint announcement earlier this year to prioritize this integrated approach, the companies revealed an initial mockup at the Shanghai Motor Show. The upcoming product presentation is a critical milestone, showcasing a fully functional prototype featuring a full-size Wideye windshield and Seyond’s operational Robin-E LiDAR solution, complemented by additional sensors such as cameras and rain-detection technology.

The windshield has always been an obvious location for a LiDAR sensor in vehicle integration, given its high mounting position and low impact on vehicle design and its ability to protect sensors from the external environment. Seyond and Wideye have collaborated to solve major hurdles for in-cabin integration such as limiting performance drop with windshield installation angle and having an adequate heat and noise profile in a small form factor.

The demonstration unit to be presented at CES 2024 is intended to show the automotive industry how Seyond and Wideye have overcome those challenges. The aesthetically pleasing and reliable integration marks a significant step in the industry, signaling that the solution will be market-ready by 2024 to meet customers’ expectations.

“We’re very pleased to present this new integration with Wideye to the automotive community at CES,” said Junwei Bao, CEO at Seyond. “This feature is the next step in our goal to provide safer, smarter transportation across the globe, and we look forward to continued partnership and innovation with the company.”

“This is not the first time that we are developing and showcasing LiDAR integration behind the windshield, “said Gaetan Friart, CEO at Wideye. “Our vision has always been to have this in-vehicle LiDAR integration case as mainstream. However, whereas our previous efforts primarily aimed at demonstrating the feasibility of such a solution, this time we’re unveiling a product that’s closer than ever to being market-ready. It aligns precisely with industry demands, offering a large field of view while minimizing impact on vehicle design.”

The built-in LiDAR solution prototype will be on display at the Consumer Electronics Show in Las Vegas from January 9-12 at both Seyond’s booth (#7001) and AGC’s booth (#6667) at LVCC West Hall.

About Seyond

Seyond is a leading global provider of image-grade LiDAR technology, powering a safer, smarter and more mobile world across the automotive, intelligent transportation, robotics and industrial automation sectors. Founded in Silicon Valley with strategically placed research and manufacturing facilities across the globe, Seyond is crafting LiDAR solutions that elevate autonomous driving and fuel the advancement of smart infrastructure development. The company’s dynamic portfolio – including ultra-long range flagship LiDAR sensor Falcon, mid-to-short range LiDAR sensor Robin and perception service software platform OmniVidi – powers automotive and ITS solutions for partners like NIO, Faraday Future, Exwayz and Hexagon. Currently, over 200,000 Falcon units are in use, and the product continues to be mass-produced today.

About Wideye by AGC

Wideye® by AGC, a corporate scaleup focusing on sensor integration solutions, was launched by Tokyo-based AGC Group, a world-leading supplier of flat, automotive and display glass, chemicals and other high-tech materials and components. Wideye is backed by AGC Automotive Europe, AGC Group’s European automotive glass branch, which specializes in the production of glazing solutions for carmakers. Since its launch in 2016, Wideye has focused on enabling ADAS deployment and making fully autonomous vehicles a reality.

For more information, please visit: https://wideye.vision or https://www.linkedin.com/company/wideye-by-agc

Media Contacts
Seyond
Ken Bieber
PR@seyond.com

Wideye by AGC
Katia Hansen
Avenue Jean Monnet 4
1348 Louvain-La-Neuve, Belgium
Phone: +32 486 89 35 16
E-Mail: katia.hansen@agc.com
Web: https://wideye.vision/

Graphene Manufacturing Group Commissions Modular Graphene Production Plant

Brisbane, Queensland, Australia–(ACN Newswire – December 19, 2023) – Graphene Manufacturing Group Limited (TSXV: GMG) (“GMG” or the “Company”) is pleased to announce the commissioning of its cutting-edge natural gas to graphene production plant in manufacturing facility at Richlands, Australia.

The facility is based on the GMG plasma technology with which the Company’s existing production plant has been making graphene for over five years, however this new plant is built in a modular fashion which can allow more production units to be installed as the sales of Company’s products grows.

GMG expects to be able to install at least an additional 20 graphene production units in the Richlands manufacturing facility with most of the supporting infrastructure for these additional production units already installed as part of this initial project.

Figure 1: Graphene Production Plant Project Team

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/191561_fe3fb3fb542d4851_001full.jpg

The details of the new modular Graphene Production Plant:

Technology is based on GMG’s self developed plasma technology which splits natural gas into graphene and hydrogen gas.
The production plant’s automation allows for repeatable graphene quality, higher plant reliability and lower operator time.
The graphene production technology has been developed internally by GMG staff and continuously optimised over the past five years to be able to make the different graphene required for GMG’s end products – including THERMAL-XR(R) and G(R) LUBRICANT and Graphene Aluminium Ion Battery.
The Company expects that Graphene production from both its existing plant and this newly started up plant will be adequate for next year’s production.
The expected final cost of the facility is approximately AU $2.9 million – which also includes the infrastructure for other future modular production units.
More production units will be installed as required for the Company’s sales.
The modular plant can be built in various locations around the world, for example in North America where natural gas cost is low and abundantly available, significantly reducing the cost of the graphene. At scale the GMG graphene production process will produce large amounts of hydrogen.

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are very excited to have started up this new modular graphene manufacturing plant – it is a significant milestone for the company. It uses GMG’s self developed cutting edge plasma technology which creates the high quality graphene GMG’s end products need to deliver their astounding benefits.”

THERMAL-XR(R) EPA Update:

The United States Environmental Protection Agency (EPA) has requested a 30-day extension to review the GMG/Nu-Calgon Premanufacture Notice (PMN) for the THERMAL-XR(R) power GMG Graphene(R) Low Volume Exemption (LVE) application to be able to sell THERMAL-XR(R) into the United States of America. The extension will allow the EPA to continue their assessment of the detailed submission put forward by GMG and Nu-Calgon. GMG is expecting a decision on the PMN LVE to be finalised in the first quarter of 2024.

About GMG www.graphenemg.com

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 G+AI Batteries.

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

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 relating to the new plant allowing more production units to be installed; statements relating to the expected cost and construction of the new plant and subsequent plants; that graphene production technology developed internally by GMG staff will make the different graphene required for GMG’s end products – including THERMAL-XR(R) and G(R) LUBRICANT and Graphene Aluminium Ion Battery; that Graphene production from both its existing plant and this newly started up plant will be adequate for next year’s production; that at scale the GMG graphene production process will produce large amounts of hydrogen; and the expected timing of the EPA’s decision on the PMN LVE.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation: assumptions relating to the costs of engineering, installation and materials being as expected; the construction of the initial plant and subsequent plants proceeding as planned; the Graphene production from both the Company’s existing plant and this newly started up plant being as anticipated; that the Company will obtain appropriate funding in the future to install more plants; and that the EPA’s decision of the PMN LVE will be delivered on the expected timeline.

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 costs of engineering, installation and materials are not as expected; that the construction of the initial plant and subsequent plants do not proceed as planned or at all; that the Graphene production from both the Company’s existing plant and this newly started up plant is not as expected; that the Company does not obtain appropriate funding in the future to install more plants; that the EPA’s decision of the PMN LVE is not delivered on the expected timeline; 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/191561

CCCC issues ESG Report, top CSR Projects under BRI recognized

BEIJING, Dec 19, 2023 – (ACN Newswire) – The 10th Anniversary Event of China Communications Construction Company’s (CCCC) Joint Construction of the Belt and Road Initiative (BRI) was hosted in Beijing on December 15th.

The event, themed “In the Prosperous Silk Road’s Glow, Together We Construct a Brighter Tomorrow,” announced and commended CCCC’s top 10 projects under the BRI, including the Mombasa-Nairobi Standard Gauge Railway Project, the China-Maldives Friendship Bridge Project, the KKH Phase-II (Havelian-Thakot) Project, among others.

Pakistani Ambassador to China Khalil Hashimi presented awards for these projects. He called the KKH Phase-II (Havelian-Thakot) Project a lifeline of the China-Pakistan Economic Corridor, saying it reflects the wisdom of the Chinese side in multiple aspects.

The project marked in-depth cooperation between Pakistan and the CCCC, and also between Pakistan and China, Hashimi noted, adding that he looks forward to more outcomes of cooperation between the two countries.

The event also unveiled CCCC’s top 10 outstanding Chinese and international employees, who have been deeply involved in the infrastructure development of relevant countries and made important contributions to local socioeconomic development and people’s livelihood.

South Sudanese Ambassador to China, Monday Semaya Kenneth Kumba noted that as an internationally leading infrastructure construction company, CCCC boasts the most outstanding construction teams in the world.

The ambassador extended his gratitude to CCCC for its dedication and efforts in South Sudan, saying he looks forward to closer cooperation between more excellent teams from CCCC and his country, and more practical results in transportation infrastructure and developing local talents in South Sudan.

Over the past decade, CCCC has actively responded to the BRI, leveraged its full-industry-chain advantages, and upheld the ESG philosophy. It has launched the “Build Your Future Dream” social responsibility brand worldwide to fulfill its economic, environmental, and social responsibilities.

During the event, CCCC released its ESG Report for the BRI and its top 10 cases of CSR and brand building for the BRI.

The BRI has brought positive impacts to Sri Lanka in terms of foreign trade, tourism, and ecological conservation, said K. K. Yoganaadan, the Chargé d’Affaires of the Sri Lankan Embassy in China.

The Colombo Port City, in particular, has achieved remarkable accomplishments in environmental protection, which has safeguarded and enhanced the ecological environment and marine biodiversity in surrounding waters, Yoganaadan added.

Wang Yueran, huanqiu.com
Email: luojie@huanqiu.com
Phone: 13002252096
Website: http://www.huanqiu.com

Winter Fiesta at Spritzer EcoPark 2023: A Joyful Delight

KUALA LUMPUR, Dec 19, 2023 – (ACN Newswire) – Get ready to be dazzled as Spritzer welcomes everyone to Winter Fiesta at Spritzer EcoPark 2023: A Joyful Delight, promising an unforgettable winter celebration! From 18 December 2023 to 14 January 2024, Spritzer EcoPark transforms into a mesmerizing winter wonderland, brimming with festive cheer, twinkling lights, and delightful activities for families.

Whether you’re seeking a meaningful family outing, a romantic escape, or simply a way to embrace the festive spirit, Spritzer EcoPark’s Winter Fiesta has something for everyone. Mark your calendars, gather your loved ones, and prepare to be swept away by the magic of the holiday season at Spritzer EcoPark! The breathtaking transformation includes shimmering elfin lights draping the trees, casting a warm glow on winding pathways. Gigantic arches and holiday decor crafted from Spritzer used and rejected materials, to add a touch of whimsical charm. The centrepiece of it all is the magnificent 28-foot-tall Christmas tree, resplendent in all its glory, a dazzling spectacle adorned with sparkling lights and ornaments, crafted from recycled Spritzer bottles!

Festive activities for every age and interest extends beyond the mesmerizing decorations. Experience a flurry of snow from 22-25 December with 15-minute interval sessions starting at 6:30 p.m., 7:30 p.m., 8:15 p.m., 9:00 p.m., 10:00 p.m., and 10:45 p.m.

Besides the “icy fun”, unleash your creativity at the festive craft workshops, engaging in kid-friendly upcycling stations and practicing eco-friendly initiatives by creating unique art and craft, and decorations.

Make merry and challenge your loved ones to a friendly round of mini-golf where every fairway is wintery.

Embark on a heartwarming journey through the park and capture those lasting memories at the festive-themed photo booths. Spritzer encourages you to share your enchanting moments on Facebook or Instagram, #SEPWinterFiesta2023, and be sure it is a public post. Total likes and creative pose will be selected for to win the prize for best photography.

For more eco-friendly fun find out who has the best “powertrain” in pedal kart. Be merry at the giant outdoor bubble, reminiscent of snow-globes, to put a smile on your face and in your heart. Then refresh with the season’s latest chilling flavours at Spritzer’s food and beverage booths.

Immerse yourself in the charm of our small-town celebration, where the Winter Fiesta brings the vibrancy and excitement typically associated with big city festivities. From dazzling lights to bustling activities, Spritzer Ecopark becomes a hub of joy, proving that magical moments can happen in the heart of a small community.

Spritzer’s commitment to sustainability, through upcycling and recycling, is showcased in their wintery celebrations infused with the season festival. Recycled materials take center stage in the splendid decorations and wondrous activities. This Winter Fiesta full of joy and delight, reminds us to be thoughtful to the planet, and bring peace and goodwill to all.