HONG KONG, Aug 26, 2022 – (ACN Newswire) – Bank of Qingdao Co., Ltd. ("Bank of Qingdao" or the "Bank"), the largest City Commercial Bank in Shandong Province, China, announced its interim results for the six months ended June 30, 2022 (the "Reporting Period").

In the first half of 2022, problems such as supply chain disrupted by the epidemic and energy shortages caused by the Russia-Ukraine conflict continued to ferment and the risk of global economic "stagflation" increased. However, the Bank of Qingdao has always centering on the development vision of "Innovative Finance, Brilliant Banking", the Bank is firmly committed to the strategic goal of "being a technology-driven bank that offers new quality financial products with lean management and outstanding features", the sustainable development capacity of the Bank is constantly enhanced, and set a record against the market.

The Net Profit Increased Stably Credit Assets Increased Steadily
Bank of Qingdao continued optimizing the structure of asset and liability while increasing support to the real economy, and strove to expand its intermediary services. As at the end of the Reporting Period, the Company's operating income amounted to RMB6.211 billion, representing an increase of RMB884 million or 16.60% YoY. In addition, during the reporting period, total customer deposits reached about RMB 330.030 billion, an increase of 5.26%. Among them, personal deposits broke through the 120 billion mark, an increase of 3.77%.

In terms of performance indicators, the company's net profit increased rapidly. During the Reporting Period, the accumulated net profit was RMB2.060 billion, representing an increase of 12.40% over the same period of last year. Net profit attributable to shareholders of the parent company amounted to RMB2.018 billion, representing a year-on-year increase of 12.28%.

In terms of asset quality, Bank of Qingdao continuously strengthened the quality control of credit assets. While the credit assets grew steadily, the bank strengthening the comprehensive remediation of overdue loans, non-performing loans and other risky loans and strived to minimize the cost of each risk. The credit quality maintaining steady and promising. As at the end of the Reporting Period, the non-performing loans ratio of bank continuously stable and declining, the non-performing loans ratio decreased by 0.01 percentage point as compared with that at the end of last year to 1.33%. Provision coverage ratio was 209.07%, representing an increase of 11.65 percentage points as compared with that at the end of the previous year, further improve the ability of risk resistance.

Meanwhile, Bank of Qingdao expanded its credit support for the real economy and increased its risk-weighted assets. In terms of capital replenishment, the Company raised a net capital of RMB4.154 billion through A share and H share rights issue, to supplement core tier-one capital, improve the level of capital adequacy, and further improve its capacities on risk resistance and supporting the development of the real economy.

Retail banking
During the Reporting Period, Bank of Qingdao saw record new retail customers in a continuously optimized customer base structure, the bank held RMB276.398 billion assets of retail customers, representing an increase of RMB22.490 billion or 8.86% as compared with that at the end of the previous year. Besides, the retail strategy of the bank achieved remarkable results, retail deposits continued to grow while the payroll credit business was booming, the balance of the Bank's retail deposits amounted to RMB128.674 billion, representing an increase of RMB18.244 billion or 16.52% as compared with that at the end of the previous year, accounting for 38.99% of total customer deposits, representing an increase of 3.77 percentage points as compared with that at the end of the previous year.

In terms of retail loans, Bank of Qingdao developed inclusive finance and provided loan services for individual industrial commercial households and small and micro enterprises. On the premise of meeting the regulatory requirements, it steadily developed personal housing loans and increased the proportion of Internet loans granted in the province to build its own Internet loan brand. During the Reporting Period, the Bank vigorously developed its self-operated Internet loan "Hairong Yidai" by launching "Hairong Yidai – Convenient Loans" for residents in the province and optimizing such products as "rural revitalization loan" and "easy loans for stores", thereby forming a complete sequence of self-operated Internet loan products. As at the end of the Reporting Period, the business balance from "Hairong Yidai" reached RMB169 million, representing an increase of 233.80% as compared with that at the end of the previous year.

In terms of credit card business, Bank of Qingdao upheld the principle of prudent risk management for its credit card business by strengthening operational compliance and developing customer base. During the Reporting Period, the accumulated transaction amount was RMB36.921 billion, representing a year-on-year increase of 56.31%.

In term of the wealth management and private banking business, Bank of Qingdao adhering to the "customer-centric and market-oriented" service philosophy, the Bank is committed to building a professional service team and implementing customer segmentation by leveraging on market opportunities, so as to improve its customer service capabilities and drove a steady increase in the number of customers and asset size. As at the end of the Reporting Period, the Bank had 53.6 thousand retail customers with assets under management of over RMB1 million, an increase of 4.1 thousand or 8.28% from the end of the previous year, for a total of RMB123.772 billion assets managed by the Bank, an increase of RMB9.812 billion or 8.61% from the end of the previous year.

In term of the customer service management, warm service is the operating feature of Bank of Qingdao. The bank has always attached importance to the promotion of network services, creating industry benchmarking and delivering "BQD services". The bank closely aligning with the theme of retail business development in service management, with continuous efforts to promote service experience management, and further expanded the intension and extension of BQD service. From the earliest standardized service to the warm service and then to the current advocated value-based service, BQD services always focus on customer needs, continuously optimized and adjusted the way of service management, coordinated and formed a synergy to improve customer experience, builds a closed loop from service quality management to service experience management, creating a new advantage of value-based service management to establish its core competitiveness in user experience, thus break new ground for the service management value.

Corporate banking
In terms of corporate banking, Bank of Qingdao established a grid-based marketing system and a front-end marketing mechanism to strengthen the service support capability of the headquarters. In addition, the Bank made precise efforts to expand customer base, increased income from intermediary business and reduced capital expenditures, driving a steady growth in corporate business.

Bank of Qingdao's corporate deposits gained momentum. The Bank achieved steady growth in corporate deposits by capturing policy opportunities through "headquarter-to-headquarter" marketing, reaching out to industrial customers and acquiring customers from the source in bulk. The balance of corporate deposits (excluding accrued interest) reached RMB201.246 billion, accounting for 60.98% of the balance of various deposits (excluding accrued interest). During the Reporting Period, the Bank's efforts in customer base construction gradually emerged as a driver for increased deposits, with the average daily deposits from new corporate customers increasing by RMB3.610 billion and the average daily deposits from strategic customers at headquarter level reaching RMB82.820 billion, representing an increase of RMB11.551 billion as compared with that at the end of the previous year.

In terms of the corporate loans, Bank of Qingdao fully implemented the new development concept with focusing on green and low-carbon development to develop a distinctive blue-finance brand. During the Reporting Period, amid challenges from economic downturn and decline in effective demand, the Bank seized quality assets and increased its credit facilities, balance of corporate loans (including discounted bills and excluding accrued interest) amounted to RMB189.087 billion, representing an increase of RMB21.624 billion as compared with that at the end of the previous year, representing an increase of 12.91%.

In terms of the corporate customers, Bank of Qingdao revolving around customers, focused on building the customer base by promoting "the basic management and grass-roots management strategy" to expand foundational customer base, and adhering to hierarchical management to optimize customer structure, so as to achieve increased number and improved quality of customers. During the Reporting Period, the Bank paid close attention to the reserve of high-quality projects, followed major national and regional strategic plans and provincial and municipal industrial development plans, and strengthened accurate marketing to listed or to-be-listed, specialized, fine, characteristic and innovative companies specializing in green finance, blue finance and carbon finance. As at the end of the Reporting Period, the total corporate customers who have opened accounts with the Bank amounted to 194.2 thousand, representing an increase of 14.5 thousand or 8.07% from the end of the previous year.

As at the end of the Reporting Period, Bank of Qingdao continued to adhere to the inclusive business development policy of "serving small and micro enterprises (SMEs) based on the local economy", and to focus on the three business directions of "technological finance, agricultural finance and livelihood finance" for strengthening product innovation and improving service level, so as to support development of SMEs. Since the epidemic, the Bank has implemented the support policies of governments at all levels and regulatory authorities for SMEs by launching "Easy Loan", "Growing Loan", "e Tax Loan" and other characteristic businesses, to fully support SMEs to fight against the epidemic and resume production. As at the end of the Reporting Period, the balance of inclusive loans to SMEs amounted to RMB25.578 billion, up by RMB3.572 billion or 16.23% from the end of the previous year, higher than the growth of the Bank's all other loans.

Financial Market Business
In terms of the financial market business, Bank of Qingdao optimized the asset structure, and adhered to the development principle of light capital to enrich investment varieties for multiple channels to increase income and profits. The Bank actively promoted the issuance of capital bonds with no fixed term to provide strong support for business development. While continuously strengthening the comprehensive strength of wealth management, the Bank continued to enrich the product portfolios to give play to marketing commission channels. In addition, the Bank gave full play to the advantages of corporate banking qualification to expand the coverage of issuance and underwriting business, which significantly improved the depth and breadth of investment banking business, and increased its brand influence year by year.

Bank of Qingdao responded to regulatory orientation, focused on market changes, continued to optimize the investment structure, actively participated in market transactions, adhered to the principle of light-capitalization development, increased total assets while controlling the capital consumption ratio, strengthened the swing trading of standardized assets, and improved comprehensive profitability. As at the end of the Reporting Period, the Bank's proprietary amounted to RMB203.933 billion, representing an increase of RMB20.370 billion or 11.10% as compared with that at the end of last year. Among them, the scope of bond investment reached RMB129.986 billion, representing an increase of RMB18.077 billion or 16.15% as compared with that at the end of last year, mainly due to the increase in investment in non-financial corporate bonds, local government bonds and railway bonds; RMB40.776 billion investments in public fund products, representing an increase of RMB803 million or 2.01% as compared with that at the end of last year, mainly due to the increased investment in bond-type public funds.

In terms of the Interbank business, Bank of Qingdao actively responded to the new market making rules, and obtained the qualifications as a spot bond market maker in the bond market, becoming the first city commercial bank spot bond market maker in Shandong Province. During the Reporting Period, the Bank continued to obtain the primary dealer qualification for open market business in 2022. Through reasonable pricing and continuous and stable financing, the Bank actively carried out various businesses, continuously improved the quality and comprehensive strength of interbank market transactions, and gave full play to the active role of primary dealers in the open market, contributing to the healthy and stable operation of the interbank market business.

During the Reporting Period, the net value of the Bank of Qingdao wealth management products was stable, with obvious comparative advantages among peers. The Bank has established and issued industry-themed fixed-term products, with product series continuing to be enriched. According to the Ranking Report on Wealth Management Capability of Banks (2022 Q2)" released by PY Standard, BQD Wealth Management, Bank of Qingdao's wholly-owned subsidiary, ranked sixth in comprehensive wealth management capability among urban and commercial wealth management institutions. Moreover, BQD Wealth Management was awarded the Golden Honor Award for Outstanding ROI Wealth Management Companies and Golden Honor Award for Outstanding Innovative Wealth Management Companies by PY Standard again by virtue of its excellent comprehensive strength and good customer reputation, proved the Bank's external wealth management financing channel expansion achieved fruitful results, and the management scale and profitability achieved a steady increase.

During the Reporting Period, the scope and of scale of investment banking business of Bank of Qingdao has been significantly improved, so did the Bank's brand influence. During the Reporting Period, the Bank recorded the best prices of many projects among those comparables, allowing the Bank to satisfy the low-cost financing needs of good large businesses with less capital, which thus increased the customer loyalty and enhanced customer relationship. Besides, the Bank seized the opportunity for issuance and achieved good performance, and therefore established its image in the bond market by virtue of its excellent comprehensive business capabilities. During the Reporting Period, the Bank ranked first in terms of both scale and number of underwritings among issuers with corporate credit of AA and AA+ in Shandong Province, shown a competitive edge in field of marketization of bond business.

In the second half of 2022, China's economy will continuously recover, meanwhile, the "The 20th National Congress of the Chinese Communist Party" will be held in the second half of 2022. This is an important moment for comprehensively building a modern socialist country and marching on a new journey toward the second centenary goal, and the Shandong Province and Qingdao City will continue to promote the replacement of old growth drivers with new ones for optimisation and acceleration. The positive fiscal policy will enhance its effectiveness in all-around way, together with the supports of the stable monetary policy in its aggregate structure and the regulatory policy to stabilise growth and adjust structures, the pressure on the banking sector is expected to ease gradually. Bank of Qingdao will continue to adhere to the basic operation guiding ideology of "deep cultivation and fine operation, intensified promotion, optimized structure, and sustained development" by taking concerted efforts and actions at all levels of the Bank proactively and quickly, and seizing the market to continue the solid development momentum in the first half of the year, so as to ensure the full completion of the annual operating plan.

About Bank of Qingdao Co., Ltd.
Bank of Qingdao Co., Ltd. Is founded in Nov 1996, which is the first main board listed bank in Shandong Province and the second "A + H" share listed city commercial bank in China. It has ranked among the 500 top banks in the world for many consecutive years. In Dec 2015, the company was listed on the main board of the stock exchange of Hong Kong (03866.HK). In Jan 2019, the company was listed on Shenzhen Stock Exchange (002948.SZ). Bank of Qingdao mainly provides customers with services and products such as corporate and personal deposits, loans, payment and settlement. Driven by the development of retail banking, corporate banking and financial market, the bank initially formed a relatively solid customer base and explored a development path with distinctive characteristics and high quality.


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HONG KONG, Aug 22, 2022 – (ACN Newswire) – FTLife Insurance Company Limited ("FTLife") is committed to helping its customers embrace the "Championing Spirit" in life. Today, it is announcing the launch of "Protect Starter" Critical Illness Protector ("Protect Starter"), which is aimed at young people and first-time insurance buyers. At an affordable price, "Protect Starter" covers 76 common critical illnesses including cancer, stroke and severe heart attack etc. and all the congenital conditions of the covered critical illnesses that have not been detected at or before the policy issue. It also protects the insured until 100 years of age.

Jarita Kwan, Chief Product Officer at FTLife, said, "Young people may think that they are not susceptible to critical illnesses, and therefore delay getting critical illnesses protection. However, they should capture this window of opportunity to enjoy lower premium as a young insurance buyer, that will enable them to receive timely help in the unfortunate incident of being critically ill and burdened with mounting medical bills. On the other hand, young people and first-time insurance buyers can feel daunted by the great number of critical illness products in the market which differ widely in coverage. That is what motivates FTLife to develop affordable and easy to understand "Protect Starter", under the theme of 'Start young, Critical Illness Protection is around', offering Convertibility Privilege and Waiver of Premium Benefit, which are useful financial tools to help our customers create a quality lifestyle, and become a champion of life."

Providing coverage for multiple common critical illnesses, and Waiver of Premium Benefit

"Protect Starter" covers 76 critical illnesses, including all the congenital conditions of the covered critical illnesses that have not been detected at or before the policy issue. It also offers a lump sum of Living Benefit(1,2, 3, 4) of various Severity Levels, which allows the insured to better cope with any unexpected medical and living expenses, or loss of income. All future premiums payable under the basic plan will be waived(5) following the diagnosis date of Severity Level 2 or 3 Critical Illnesses to ease the financial burden of the insured, who can continue to enjoy the protection of the Plan.

Preparing for different life stages
"Protect Starter" offers you an option – starting from the 5th Policy Anniversary, you can choose to fully or partially convert the sum insured of this basic plan to our designated whole life or whole life critical illness protection plan(6), without provision of further evidence of the insured's insurability. It enables you to adjust your insurance coverage according to the needs arising from various stages of life such as marriage and parenthood. On the other hand, "Protect Starter" also offers guaranteed cash value and non-guaranteed terminal dividend(7) to reward you for having a healthy lifestyle. It also gives your cash flow a boost and helps cope with unexpected expenses.

Note:
1. The aggregate total amount of all Living Benefit plus (i) Maturity Benefit or (ii) Death Benefit (as the case may be) paid or payable under the basic plan of this Policy shall not exceed the Sum Insured of the basic plan of this Policy, except for the case that the Insured dies after there is any Living Benefit for Severity Level 3 Critical Illness paid or payable, the aggregate total amount of all Living Benefits plus Compassionate Death Benefit under the basic plan of this Policy shall not exceed the Sum Insured of the basic plan of this Policy plus USD 1,000.

2. The aggregate total amount of all Living Benefit paid or payable for the Severity Level 1 and 2 Critical Illness(es) shall not exceed 90% of the Sum Insured. Living Benefit will cease immediately after any Living Benefit paid or payable for the Severity Level 3 Critical Illness. The aggregate total amount of Living Benefit of the Severity Level 1 and 2 Critical Illness(es) (if any) shall be deducted from the Living Benefit paid or payable for the Severity Level 3 Critical Illness or Death Benefit.

3. Irrespective of any Living Benefit paid or payable for any Severity Level 1 Critical Illness, the full premiums will continue to be payable without any reduction.

4. In case more than one Critical Illness is diagnosed in the same accident / illness, we will only pay the benefit relating to one of those Critical Illness for which the highest benefit amount is payable. In the event that the benefit amounts relating to all these Critical Illnesses are the same, we shall pay the benefit amount at our sole discretion for anyone, not all, of these Critical Illnesses. Please refer to the Policy Provisions for details.

5. Once a Living Benefit has been paid or payable for Severity Level 2 or 3 Critical Illness, future premiums under the basic plan will be waived from the Policy Monthly Anniversary immediately following the diagnosis date.

6. Convertibility Privilege is only applicable when: (i) the issue age of the Insured is below age of 60; (ii) the basic plan of this Policy is not issued with extra premium loading, exclusions or special terms and conditions; (iii) no Living Benefit under the basic plan of this Policy had been paid or is payable; and (iv) the Policy is in force and the Insured is still alive upon exercising Convertibility Privilege. Convertibility Privilege can be fully or partially converted and can only be applied and exercised once at the 5th Policy Anniversary, the Sum Insured of the new converted plan must be an amount equals to or less than the Sum Insured of this basic plan. (i) If the Sum Insured of the basic plan of this Policy has been fully converted to the new converted plan, the basic plan of this Policy will be terminated immediately upon the conversion; or (ii) if the Sum Insured of the basic plan of this Policy has been partially converted to the new converted plan, the Sum Insured of the basic plan of this Policy will be reduced correspondingly; and (iii) once exercised the full conversion, the other rider(s) (if any) except the designated rider(s) will be terminated immediately after the conversion of this basic plan, your payment of additional premium (if required) for the new converted plan. The Convertibility Privilege is subject to the then prevailing rules of the Company.

7. Terminal dividend is not guaranteed and will be payable after this Policy has been in force for a specified number of Policy Years, and the Company has the sole discretion over the distribution of the terminal dividend and its amount. The Company will consider the total amount of Living Benefits paid or payable and the amount that exceeds the Guaranteed Cash Value of the Policy (if any) before determining the distribution of terminal dividend and its amount. Newly announced terminal dividend is influenced by a number of factors, including but not limited to investment returns and market fluctuations, and the amount may be higher or lower than the amount previously announced. Terminal dividend will be paid upon the earliest of the following: (i) death of the Insured; (ii) the Living Benefit of Severity Level 3 Critical Illness is paid or payable under the basic plan of this Policy; (iii) Policy is fully or partially surrendered; (iv) the Convertibility Privilege is exercised and (v) Policy Maturity (the Policy Anniversary at which the Insured attained age of 100). We will pay the terminal dividend on the basic plan in accordance with the provisions of this Plan, deducting any Indebtedness thereunder.

All the above-mentioned product features are subject to relevant terms and conditions. Please refer to the product brochure for more information on "Protect Starter" Critical Illness Protector:
https://www.shorturl.at/JR378

Important notes:

— The information contained in this document is intended as a general summary of information for reference only. For details, please refer to relevant product brochures, promotion flyers and policy documents. Please refer to the policy contract for details of full terms and conditions about "Protect Starter" Critical Illness Protector.

— This press release does not contain the full provisions of "Protect Starter" Critical Illness Protector, and the full terms can be found in the Policy documents.

— "Protect Starter" Critical Illness Protector may serve as standalone plan(s) without bundling with other type(s) of insurance product.

— For further details, please contact FTLife's Customer Service Hotline on +852 2866 8898.

— This document is for distribution in Hong Kong only. It is not an offer to sell or solicitation to buy or provision of any insurance product outside Hong Kong. FTLife does not offer or sell any insurance product in any jurisdiction outside Hong Kong, in which such offering or sales of the insurance product is illegal under the laws of such jurisdictions.

About FTLife Insurance Company Limited
FTLife Insurance Company Limited ("FTLife") is one of the most well-established life insurance companies in Hong Kong and a wholly-owned subsidiary of NWS Holdings Limited (Stock Code: 0659). Building on a history of more than 30 years in the territory, FTLife provides individual and institutional clients with a diverse range of insurance and wealth management products and services, including life, health, accident, savings and investment insurance. As a member of New World Group, FTLife works with diversified businesses within the Group to create synergies and provides customers with best-in-class life-planning solutions, from wealth management and succession to health, wellbeing and quality of life enhancement.

Media Enquiries
FTLife Insurance Company Limited
Suki Kwong
+852 2591 8504
suki.kwong@ftlife.com.hk

FTLife Insurance Company Limited (Incorporated in Bermuda with limited liability)


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HONG KONG, Aug 15, 2022 – (ACN Newswire) – Driven by the brand promise of "Think beyond insurance.", FTLife Insurance Company Limited ("FTLife") announces the grand opening of its iconic "FTLife Tower" in Metaverse METG. Visitors can fully immerse in the rich 3D simulations anywhere, anytime to know more about the thriving ecosystem of New World Group, FTLife and the industry development. This is another market-leading breakthrough following the launch of its new concept centre "The GalaMuse" at K11 ATELIER last month. The virtual tower aims to provide our Life Artisans, customers and potential recruits with an interactive environment filled with fun and boundless creativity.

FTLife Chief Agency Officer Dionne So said, "FTLife believes the virtual world of the Metaverse will be one of the most transformative tech trends in the future. Building our long-term signature stronghold in the Metaverse with the start-up Advokate Limited ("Advokate") manifests FTLife's aspiration to embrace the younger generations in a new way. We will organise both online and offline activities simultaneously without paying much heed to such limitations as time, space and number of attendants, facilitating efficient use of resources for training and development and enhancing the company's sustainable development."

The decors of the virtual FTLife Tower in Metaverse METG is similar to the newly opened concept centre "The GalaMuse". Visitors can explore the virtual tower with a virtual identity (Avatar) and even interact with FTLife management, who will be present from time to time using the custom-made avatars.

The four thematic zones on the ground floor of the two-storey virtual FTLife Tower include:

1) Competitive advantages of New World Group: Introducing NWD's vision to provide infinite opportunities for the next generations by unlocking creativity with social innovation and aligning business outcomes with social development to create shared value for all stakeholders.

2) Why FTLife: Leveraging the diversified business ecosystem of New World Group, FTLife assumes the role of "Life Artisan" of our valued customers, providing comprehensive protection to meet their needs at different stages of life, helping them lead a healthy and fulfilling life.

3) Join FTLife for unrivaled career opportunities: The "LEAP & Beyond" program launched by FTLife aims to attract talented financial planning professionals and groom them into the future leaders of the finance and insurance industries. The "KU Power" platform supports young people to create values and realise their dreams.

4) Professional training to unleash potential: FTLife adopts a holistic and seamless approach to talent recruitment, training, and development in line with our long-term corporate strategy. Tailor-made training programmes are in place to cater for the different aspirations of our people. In addition to physical visits to the New World Group, we also introduce advanced technologies such as AI Drill and VR Training to enhance professional skills and knowledge.

On the rooftop of the virtual tower, various conference spaces are set up for seminars and group discussion, and FTLife flagship products and numerous accolades are showcased.

Gordon Kwok, Founder of Advokate, the blockchain technology company said: "We are very honoured that FTLife has chosen us as their Metaverse partner, and invested in one of the most important pieces of land and set up its iconic virtual FTLife Tower. Sharing similar vision with FTLife, we focus on innovation and aiming to provide the best products. Advokate tailored the virtual FTLife Tower at Metaverse METG with unique characteristics which include high visual quality, customization and diversified interactions. Visitors can enjoy a fun-filled interactive experience using an Avatar and a variety of styles are available."

To view the short film of the virtual FTLife Tower: https://www.shorturl.at/UV124

Important notes:
This document is intended to be distributed in Hong Kong only and shall not be construed as an offer to sell or a solicitation to buy or provision of any of our products outside Hong Kong. FTLife Insurance Company Limited hereby declares that it has no intention to offer to sell, to solicit to buy or to provide any of its products in any jurisdiction other than Hong Kong in which such offer to sell or solicitation to buy or provision of any product of FTLife Insurance Company Limited is illegal under the laws of that jurisdiction.

About FTLife Insurance Company Limited
FTLife Insurance Company Limited ("FTLife") is one of the most well-established life insurance companies in Hong Kong and a wholly-owned subsidiary of NWS Holdings Limited (Stock Code: 0659). Building on a history of more than 30 years in the territory, FTLife provides individual and institutional clients with a diverse range of insurance and wealth management products and services, including life, health, accident, savings and investment insurance. As a member of New World Group, FTLife works with diversified businesses within the Group to create synergies and provides customers with best-in-class life-planning solutions, from wealth management and succession to health, wellbeing and quality of life enhancement.

Media Enquiries
FTLife Insurance Company Limited
Branding & Communications
Suki Kwong
+852 2591 8504
suki.kwong@ftlife.com.hk

Strategic Financial Relations Limited
Cynthia Ng / Addison Chu
+852 2114 4952 / +852 2864 4817
cynthia.ng@sprg.com.hk / addison.chu@sprg.com.hk

FTLife Insurance Company Limited (Incorporated in Bermuda with limited liability)


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HONG KONG, Jul 6, 2022 – (ACN Newswire) – The HKUST-Sino One-Million-Dollar Entrepreneurship 2022 Competition, sponsored by GF Securities Co., Ltd. ("GF Securities", stock code: 1776.HK; 000776.SZ) for the 6th consecutive year, has come to a successful end. After an intense competition, FLASH Diagnostics, which focused on developing an effective, low-cost, accurate and user-friendly handheld diagnostic testing platform, emerged with flying colours and won the "GF Innovation Award" sponsored by GF Securities. Their project put convenience and quality at the forefront of patients' nursing plans and was therefore highly commended and well received by the judges.

Established in 2011, the HKUST-Sino One-Million-Dollar Millions Entrepreneurship Competition has been held for 12 sessions. As the platinum sponsor of the competition for 6 consecutive years, GF Securities has fervently supported innovation and entrepreneurship of youths and has established the "GF Innovation Award" for 4 consecutive years to encourage and commend outstanding entrepreneurial teams in the field of innovation. The competition has expanded from Hong Kong to other regions in China since 2016 and has become a well-known entrepreneurial competition in Greater China, giving rise to numerous widely recognized entrepreneurial teams and projects. The competition this year covers other regions including Macau, Beijing, Foshan, Guangzhou, Shenzhen, and the Yangtze River Delta. The top 3 teams from Hong Kong will compete with the winners from the other 6 regions in the national finals for the exclusive million-dollar championship.

This year's competition in Hong Kong consisted of four rounds, attracting the participation of 175 teams. Projects covered various topics ranging from medical health, renewable energy, to smart technology. As the long-term sponsor of the competition, GF Securities proactively participated in the competition progress and was invited to the prize giving ceremony as one of the award presenters. Mr. Liting Xiong, Chief Executive Officer of GF Holdings (Hong Kong) Corporation Limited ("GF Hong Kong"), said, "The participants of this year's competition brought us innovative and groundbreaking projects covering different fields which filled up some of the lacunae in the commercial landscape. This competition has once again witnessed the strength and experience that HKUST has in fostering entrepreneurship. As an industry leader, GF Securities is committed to making full use of domestic and overseas capital markets to support quality enterprises at different stages of development. We will also continue to render our full support to outstanding entrepreneurs, promote the development of start-ups, and help young people realize their ideas and ambitions on their roads to entrepreneurship."

Ms. Mai Xiaoying, Executive Director of Private Equity at GF Investments (Hong Kong) Company Limited, provided professional advice and guidance to the participants as one of the judge panellists in the finals. Ms. Mai said, "I am so honored to act as one of the judges on behalf of GF Securities. As a direct investment firm that specializes in domestic and overseas premium equity and equity-like investments, GF Investments (Hong Kong) possesses vast resources for start-up investments and has ample management experience. GF Investments (Hong Kong) has always paid close attention to outstanding start-ups in various fields. This year's competition was particularly intense, and the excellent performance of the entrepreneur teams illustrated how passionate Hong Kong's youths were about entrepreneurship and innovation. GF Securities and its subsidiary will continue to help exceptional projects obtain funds and resources in order to boost the development of start-ups and to nurture more brilliant entrepreneurs."

As one of the most influential securities companies in China's capital market, GF Securities has always exerted its influence in devoting itself to substantial charity work. In the past 7 years, GF Securities has provided supporting funds of 5.5 million to over 300 projects in support of the youth's scientific and technological innovation achievements. With the participation of more than 200 micro-entrepreneurship tutors and nearly 40 universities, including Peking University and Tsinghua University, the campaign has impacted tens of millions of people through various online and in-person events, encouraging more students to participate in innovative and entrepreneurial projects, further promoting the integrated development of production, education and research. Due to its innovative practices and achievements in combatting the epidemic and in public welfare poverty alleviation, GF Securities was awarded the "2021 Philanthropy Collective Award" at the 11th Philanthropy Festival, recognising the Company's improvements in its comprehensive evaluation of social responsibility and its increasing brand influence. In the future, GF Securities will continue to adhere to its core value of "Gathering Love From the Bottom of the Heart", actively fulfil its social responsibilities, and strive to enhance the vigorous development of youth entrepreneurship both domestically and abroad.

About GF Securities Co. Ltd
Established in 1991, GF Securities Co., Ltd. is one of the first full-service securities firms in China. The Company was successfully listed on the main boards of the Shenzhen Stock Exchange (Stock code: 000776.SZ), and the Hong Kong Stock Exchange (Stock code: 1776.HK), in 2010 and 2015 respectively. Due to its excellent business performance, its continued refinement in risk management and its quality services, the company has achieved sustained and steady development, and remains one of the most influential securities companies in China. With holding position of GF Futures, GF Xinde, GF Qianhe, GF Asset Management, GF Holdings (Hong Kong), Guangfa Financial Leasing and GF Fund Management and investment in E Fund (tied the largest shareholder), the Company has formed a group structure and continuously improved its customer service capability. As of December 31, 2021, the Company operated 25 subsidiaries and 284 brokerage branches across 31 provinces, cities, and autonomous regions throughout China. The Company's market-leading capital strength and profitability has allowed it to rank top among domestic listed securities companies in terms of aggregate market value. "Enhancing Knowledge and Seeking Practical Contributions" lies at the heart of the Company's values and the Company is dedicated to its mission of "Making its Dreams of Repaying the Country with Financial Value Come True", as well as putting its philosophy of "Operating steadily, Maintaining innovation and Delivering results" into practice. In advocating professionalism, innovation, and committing themselves to achieving professional development, the Company strives to develop into a first-class investment bank and wealth management institution.


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