HK Main-Board Listed Tianda Pharmaceuticals(00455.HK) , A Promising Outlook for Growth

HONG KONG, Jul 10, 2020 – (ACN Newswire) – With the successive introduction of the "Opinions on Facilitating the Inheritance, Innovation and Development of Traditional Chinese Medicine (TCM)" in certain provinces in mainland China and the "Regulations on Traditional Chinese Medicine" proposed by the Beijing municipality (Drafted Regulations on TCM for Public Opinions), the TCM industry has embarked on a rapid development. The value of some Hong Kong listed small and mid-cap companies are gradually unveiled. Here is an example, Tianda Pharmaceuticals Limited (00455.HK), which emphasizes on "the development of the Chinese medicine industry as the foundation, the development of innovative medicines and medical technologies and the development of quality medical and health care services". The company has been drawing the attention from the market recently.

Headquartered in Hong Kong, the company has sales and distribution centers in Shenzhen, China and Sydney, Australia, which are responsible for sales network expansion and branding in Hong Kong, China, Australia, and global markets. At present, the company's products include chemical products, biological drugs, Chinese patent medicines, herbal medicines, herbal decoction pieces, health care products and supplements, covering the treatment of cardiovascular diseases, pediatric diseases, influenza and respiratory diseases, anti-infectives, detoxification, oncology and other therapeutic areas. In addition, the company has also developed a series of health care products and supplements under the brand names of "Herb Valley" and "Tuokang".

Opportunities are hidden in crisis
With the recent pandemic raging across the world, except for masks, alcohol and other basic epidemic prevention items, the demand for related medicines has also increased significantly. For example, the Ribavirin, one of the Tianda Pharmaceuticals's products, has been popular since the pandemic. In particular, at the early stage of the outbreak, Tianda Pharmaceuticals raced against time and quickly collaborated with leading Chinese medicine experts to develop a TCM formulas series to combat the disease, namely "Anti-Epidemic Formula 1" (for prevention), "Anti-Epidemic Formula 2" (for remedy) and "Anti-Epidemic Formula 3" (for rehabilitation) , and launched anti-epidemic campaigns in Guangdong, Hong Kong and Macau, to provide complimentary TCM consultation and Anti-Epidemic Formula 1 to more than 1,000 individuals, which was well received by society. In April 2020. Anti-Epidemic Formula 1 was approved for entry into the Australian Register of Therapeutic Goods as a listed medicine. It is the first TCM product to be registered in a market outside of China with preventive effects against influenza and the coronavirus disease, representing a a big step forward for Tianda Pharmaceuticals' TCM internationalization strategy .

TCM Industry has promising prospects as policies continue to be favorable
"It is expected that China's TCM and health industry may exceed 3 trillion yuan by 2020, and the average compound annual growth rate will remain at 20%." — Mentioned in the white paper entitled "TCM in China" published by State Council Information Office of the People's Republic of China. Moreover, it is expected the TCM market size may reach 170.8 billion yuan by 2022 and exceed 200 billion yuan by 2024, with an average annual compound growth rate of 10%. In 2020, the TCM market is expected to reach 580.6 billion yuan with a compound growth rate of 8.2%. With the growing awareness of using TCM and the increase in the spending power of Chinese households, Tianda Pharmaceuticals seizes the opportunity to penetrate the whole TCM industry chain from three aspects, namely Chinese medicine services, Chinese herbal medicine and TCM AI. The company has also established the "Tianda Standard", which is more stringent than the national standard to guarantee its TCM quality, and launched TDMalls, a new style Chinese medicine clinic chain. TDMall is based in the Guangdong-Hong Kong-Macao Greater Bay Area and seek to expand nationwide and even globally in the future, striving to develop into a leading brand of Chinese medicine clinic chain. The company has already launched a flagship clinic in Zhuhai, Guangdong in May 2019 and another flagship clinic in Causeway Bay, Hong Kong in February 2020. In addition, unlike the first two, the Australian TDMall is in the pipeline and will be operated as a health care center to take advantage Australia's blessed comfortable and healthy environment. In the future, the TDMall will promote womb care, pain treatment and recuperation as its signature services. Through leveraging on Internet technology, big data, artificial intelligence and other innovative technologies, the company has created "Cloud TDMall" to realize online and offline integration of Chinese medicine services and provision of remote diagnosis and treatment and consultation services, which provides the public with quality, convenient and comprehensive TCM health services, and helps the company to further promote the heritage, innovation and development of TCM.

Business performance remains solid
The company's revenue for FY2020 was HK$492 million, presenting a year-on-year decrease of 6.7% as shown in the full-year results released for the year ended 31, March 2020, However, the profit for the year attributable to shareholders was approximately HK$3.14 million, increasing 18.3% compared to the same period last year. The decline in overall revenue was mainly due to the change in national medical insurance policies, which had a significant impact on the sales volume of Cerebroprotein Hydrolysate, products produced by a subsidiary of Tianda Pharmaceuticals -Yunnan Meng Sheng Pharmaceutical Co., Ltd (Meng Sheng Pharmaceutical). However, the impact on the profit for the year attributable to shareholders was mitigated by the fact that Tianda Pharmaceuticals only held 55% in Meng Sheng Pharmaceutical. In addition, sales revenue of the Company's wholly-owned subsidiary, namely Tianda Pharmaceuticals (Zhuhai) Limited, increased by 38.3% from approximately HK$177 million in FY2019 to approximately HK$246 million in the current financial year, mainly due to its main products, namely Tuoping (Valsartan capsules) and Tuoen (Ibuprofen suspension), having great sales performance and increasing by 67.8% and 31.8% respectively as compared to that for the FYE 2019. Profit contribution from Tianda Pharmaceuticals (Zhuhai) increased by 55.4% from approximately HK$16.9 million for the FYE 2019 to approximately HK$34.2 million for the current financial year, which not only fully offset the impact of the decline in performance of Meng Sheng Pharmaceutical, but also contributed to the increase in profit for the year attributable to shareholders. Chinese herb medicines, decoction pieces and TDMall business are expected to maintain growth in the future. Tianda Pharmaceutical (Zhuhai) Limited's new research and development (R&D) and production base in Jinwan District, Zhuhai, China is expected to be ready for production in 2021 when the production capacity will be further enhanced, product variety will increase, economies of scale will maximize returns, hence proving sustained development dynamics.

Tianda Pharmaceuticals attaches importance to product R&D, and develops a wide range of products including classical TCM compound prescription, cosmetics and food products using the Cerebroprotein extraction process, and traditional Chinese medicine products such as herbal tea bag, herbal soup pack, Chinese herb syrup, health products of medicine and food with the same source, and series of mask products, etc. In response to the changes in health care reform policies, Tianda Pharmaceuticals makes every effort to consolidate and expand its generic medicine business and promote the growth of its innovative medicine business by means of diversifying sales channels, further exploring domestic and overseas markets, strengthening R&D and entering into business collaboration. At the same time, it follows national policy closely by developing TCM business with a focus on building a new clinic chain – TDMall.

Tianda Pharmaceuticals strives to build diversified channels for investors to interact with the company, thus maintaining close interaction with shareholders and investors, and promoting awareness of the capital market. The company is debt free and has been paying a steady dividend. The Board of Directors has recommended the dividend of 0.13 HK cents per share. It is believed that Tianda Pharmaceuticals will continue to drive business value to reward its shareholders in the future.


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Sri Trang Gloves PCL (SET: STGT) debuts on Stock Exchange of Thailand

BANGKOK, Jul 9, 2020 – (ACN Newswire) – Sri Trang Gloves (Thailand) PCL (STGT) expressed full confidence in the positive response from investors on its first trading day on the Stock Exchange of Thailand (SET), with strong business potential unaffected by the COVID-19 pandemic. It is currently the world's third largest rubber glove producer with a current production capacity of 32,619 pieces per year, and it's majority shareholder is Sri Trang Agro-Industry PCL (STA), the world's largest producer and distributor of natural latex, providing competitivel advantage on raw material. The future plan is to continuously increase production capacity to reach 100,000 pieces per year by 2032, fulfilling the growing global demand.

Ms. Jarinya Jirojkul, the Companies Chief Executive Officer, announced the debut of share trading on the SET on July 2nd with the ticker symbol STGT. The Company had completed the Initial Public Offering (IPO) of 438,780,000 shares, or 30.7 percent of all Company's issued and paid-up ordinary shares. Following the IPO with the final offering price per share of 34 baht, the Company remains confident of its potential as the world's third largest producer and distributor of rubber gloves, the high growth in performance and the overall high demand for rubber gloves both before and after the outbreak of COVID-19. All these factors would help to attract the investors' interest in STGT.

Subsequent to its listing on the SET, the Company plans to continuously expand production capacity, from 32,619 million pieces per year from 3 production facilities as of March 31st, 2020 to more than 50,000 million pieces per year by 2024 and 70,000 million pieces by 2028 to eventually reach approximately 100,000 million pieces per year by 2032, to fulfill the increasing global demand. In addition, plans are also in place to expand customer base to high-growth regions such as Asia-Pacific, Africa, South America, etc., where there is an ongoing development of the health and hygiene infrastructure and potential for high growth in demand for rubber gloves.

As for the overall picture of the 2019 performance, the Company recorded a total revenue of 12,224.02 million baht, a 10.3 percent increase over the previous year, and a net profit of 613.91 million baht, on the back of increased sales volume in new markets and the realization of exchange rate gains. Meanwhile, in Q1/2020 the Company recorded a total revenue of 3,873.28 million baht, a 28.8-percent growth over the same period of the previous year, and a net profit of 421.89 million baht, a 184.0-percent growth over the same period of the previous year.

"We intend to maintain our position as one of the 3 largest rubber glove producers and distributors in the world by increasing the production of natural rubber gloves while maintaining the proper production share of nitrile rubber gloves that use synthetic rubber as the raw material. We also utilize modern technology in our factories to improve efficiency while paying close attention to the environment and conducting our business under the concept of "Touch of Life" – because every touch is meaningful in life, with the vision to provide protection with every touch around the world," Ms Jarinya said.

Mr. Varah Sucharitakul, Executive Director of Finansa Securities, STGT's financial advisor and lead underwriter, said that STGT was the first IPO on the Stock Exchange of Thailand post-COVID-19. It is considered the largest domestic IPO deal in Thailand's capital market history. STGT's IPO has attracted the interest of both retail and institutional investors given STGT's strong business potential and status as one of the world's top rubber gloves producers. STGT's products have been exported to more than 140 countries around the word. Moreover, the outbreak of COVID-19 has led to unprecedented global awareness of health and hygiene and STGT's products can help prevent against infection through physical contact. In addition, STGT has a strong competitive advantage in raw material procurement, supported by Sri Trang Agro-Industry Public Company Limited (STA), the world's largest integrated producer and distributor of natural latex and major shareholder, and production facilities that are located in strategic rubber plantation areas.

The overall picture of the historical global demand for rubber gloves has clearly shown a continuous growth even before the outbreak of COVID-19. The Malaysian Rubber Glove Manufacturers Association (MARGMA) estimated that global demand for rubber gloves reached approximately 300,000 million pieces in 2019, representing an annual growth rate of 12.2 percent since 2016, when demand was approximately 212,000 million pieces on the back of the expansion of the medical sector and growing demand from various industries. This clearly indicates STGT's strong growth potential.

Released by MT Multimedia Co., Ltd.
for Sri Trang Gloves Plc.
Wasana "Jeab" Wongsiri
Tel: +66 84 359 0659, +66 2 612 2081 ext. 131
Email: wasana.w@mtmultimedia.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC Entrepreneur Day/Education & Careers Expo open 16 July

HONG KONG, Jul 8, 2020 – (ACN Newswire) – In the digital era, people are seeking out more innovative and resilient solutions to further their studies, develop their careers or start a business. The 12th HKTDC Entrepreneur Day (E-Day) and 30th HKTDC Education & Careers Expo open next Thursday (16 July) to offer comprehensive information on education and employment opportunities, and explore how entrepreneurship is driving social progress and redefining the future. The events provide a one-stop life-planning platform where participants can find a broad range of education and career options and entrepreneurial opportunities. The two fairs are being held at the Hong Kong Convention and Exhibition Centre (HKCEC) and are open to the public free of charge.



For the first time, a futurist will speak at E-Day. The "T-Chat – Futurising Your Business: Renaissance from the Age of Digitalisation" seminar will address emerging issues in the post-COVID-19 era, with Gerd Leonhard shedding light on future trends in such fields as business, society and governance in the face of exponential technological progress.


The 12th edition of E-Day will bring together more than 30 speakers and 180 exhibitors, highlighting the practical and inspirational aspects of start-ups that can help to ensure the survival, growth, transformation and sustainability of the current business ecosystem in the face of significant changes and challenges.


The 30th HKTDC Education & Careers Expo features four career theme days, highlighting the development and employment opportunities in different industries each day.



The two-day E-Day exhibition will showcase innovative products and services and stage more than 20 key events to inspire entrepreneurial ventures. In light of the current pandemic, the event has undergone a transformation in terms of format and content, with live seminar broadcasts and online business matching sessions. The expo, which runs from 16-19 July, offers designated zones under two themes, Education and Careers, giving the public easy access to information related to further studies and opportunities in the workplace. The two fairs will bring together around 870 exhibitors from 14 countries and regions.

Insights into the future of entrepreneurship

Under the theme "Revive, Redefine", this year's E-Day will highlight the practical and inspirational aspects of start-ups that can help to ensure the survival, growth, transformation and sustainability of the current business ecosystem in the face of significant changes and challenges, while promoting the agility necessary to embrace future challenges. For the first time, E-day will be joined by a futurist, Gerd Leonhard of The Futures Agency, who will shed light on emerging issues in the post-COVID-19 era in a seminar titled "T-Chat – Futurising Your Business: Renaissance from the Age of Digitalisation". Addressing the audience from Switzerland, Mr Leonhard will examine the role of innovation, creativity and entrepreneurship in creating major breakthroughs in a technology-dominated future. He will also discuss entrepreneurship trends and look at what start-ups and entrepreneurs can do to be future-ready. At the event's plenary session, "Revive, Redefine", William Ip, Managing Director of Carousell Hong Kong, and Crystal Pang, Co-Founder of Pickupp, will share how their start-ups are working to redefine their respective industries through pioneering ideas.

A seminar titled "From Crisis to Chances" will examine how entrepreneurs are able to turn the challenging situations presented by COVID-19 into opportunities, highlighting Hong Kong's research excellence. Professor Yeung King-lun from the Department of Chemical and Biological Engineering & Division of Environment and Sustainability of the Hong Kong University of Science and Technology and Professor HC Man, Dean of Faculty of Engineering of the Hong Kong Polytechnic University, will share how their teams' respective developments – a smart anti-microbial coating called the Multilevel Antimicrobial Polymer (MAP-1) coating and the General Use Face Shield – have helped to combat the pandemic. Katherine Cheung from local education technology start-up Snapask will share on how recent social distancing measures have unleashed opportunities for the Hong Kong-based company in both local and overseas markets.

The newly launched Enterprise Connect series, featuring Arup, Epson and Fung Group, will showcase how enterprises can join hands with start-ups to create shared value and revive businesses across different industry pillars.

Showcasing Hong Kong's excellence in technology

E-Day will feature some 180 exhibitors in three zones – Start-up Arena, the Boosters and Business Opportunities – to showcase start-ups from fast-growing sectors such as biotech, fintech, greentech, healthtech, robotics, artificial intelligence (AI) and more. The event offers a one-stop platform for start-ups to get inspired, seek funding, source talents and build connections, and for investors to discover innovative products and services.

Among the start-ups exhibiting at E-Day, Hollo, established in 2019, focuses on the development of AI-enabled chatbots for non-governmental organisations and their therapists. The company advances youth therapy practices using technologies such as big data and AI to turn daily records of emotions and mindfulness into online games. A suggested diagnosis is offered to users, helping to reduce the cost of mental healthcare. The start-up was named as World Champion in the 2020 Microsoft Imagine Cup – the first team from Hong Kong to win this honour since the competition's launch in 2003. Another Hong Kong start-up, MIND and Tech, will showcase an ultra-sensitive magneto-nanoparticle-based detection assay/kit which can detect Alzheimer's disease biomarkers in circulating body fluids, enabling diagnosis of the disease and monitoring of its progression. The detection is 100 times more sensitive than the traditional enzyme-linked immunosorbent assay method and more cost effective.

Crimson Vision Technology Limited will provide a showcase for novel dual-mode near-infrared (NIR) detection technologies and applications in fast and portable detection, including smart agriculture, bio-imaging, environmental sensing, wellness monitoring and more. Other exhibitors include DOSHA Woodcraft, a local wood upcycling furniture company founded by students from the Technological and Higher Education Institute of Hong Kong, which turns wood waste such as old pallets, unwanted furniture and fallen trees into quality houseware. In addition, beneficiaries from this year's Start-up Express development programme run by the HKTDC will showcase their products and services at E-Day, helping them to connect with potential partners.

Activities and events tailored to start-ups' needs

A number of special events will be held as part of E-Day including the "Fund & Mentor" Business Matching Session, which engages entrepreneurs and investors in one-on-one pairings; Youth Pitching @ E-Day, which encourages young entrepreneurs to develop ground-breaking solutions to match changing life patterns under COVID-19; and the Start-up Mixer, run in partnership with the Hong Kong Federation of Youth Groups, which offers a stage for start-ups, investors and mentors to make new connections, be exposed to creative ideas and opportunities from a wide range of industries, and exchange practical business insights and advice.

Wealth of information to inform decisions on further studies

The Education Zone at the Education & Careers Expo will connect visitors to openings offered by universities, higher education institutions and vocational education organisations, providing the public with access to a range of further education opportunities. Education Theme Days at the expo will cater for the interests of local students looking to study overseas in the United States (17 July), France (18 July), and Japan (19 July), covering the different education systems, characteristics and study environments of each country. Visitors can also meet with representatives from various consulates and official bodies at the International Exchange Village and get first-hand information on further studies or career opportunities around the world. Countries participating in the village include Austria, Canada, Hungary, Japan, Korea, Russia and the United States.

Theme days offer employment information, job opportunities at Recruitment Square

In addition to a wealth of information on further education, the expo also features four career theme days, highlighting the development and employment opportunities in different industries each day. Future Tech Talent day (16 July) will feature discussions on digital technology and artificial intelligence and how they relate to daily life and industry development. On Electrical & Mechanical day (17 July), electromechanical engineers from the public and private sectors will discuss the career potential in the industry. On Skills day (18 July), winners of the WorldSkills Competition will share on how people can change their lives through vocational skills. Last but not least, on Aviation day (19 July), professional pilots will share their career experience and the requirements for becoming a pilot. Launched last year, Recruitment Square returns to feature various recruitment platforms, government departments and public and commercial organisations to handle on-site job applications. Over 2,600 job openings will be offered in total, with some employers conducting job interviews on the spot.

The expo will also feature more than 80 events, including celebrities discussing their personal experiences. Among those sharing valuable insights are Chinese tutor Jayden Lam, YouTube stars Nathan Lam and Yelo, radio DJ Bonnie Wong, senior lecturer Dr Dominic Tong and educational institution principal Dr Jeffrey Hui.

Hong Kong Fair Book and Sports and Leisure Expo

The 31st HKTDC Hong Kong Book Fair and its highlight event the HKTDC Hong Kong Sports and Leisure Expo will be held from 15 to 21 July at the HKCEC, providing a wide range of activities for the general public that will help to cultivate their interest in reading, sports and leisure activities.

Entrepreneur Day
16 July 2020 (Thursday), 10:30am-7pm; 17 July 2020 (Friday), 10:30am-6pm
Venue: Hall 5F, Hong Kong Convention and Exhibition Centre (HKCEC), 1 Expo Drive, Wan Chai
Website: http://m.hktdc.com/fair/eday-en/HKTDC-Entrepreneur-Day.html

Education & Careers Expo
16-18 July (Thursday-Saturday),10:30am-7pm; 19 July (Sunday), 10:30am-6pm
Venue: Hall 5G, HKCEC
Website: http://hkeducationexpo.hktdc.com

Photo download: https://bit.ly/3f2Bud6

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 trade publications, research reports and digital news channels. For more information, please visit: http://www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Contact:
Please contact the HKTDC's Communication & Public Affairs Department: Entrepreneur Day Creative Consulting Group Wendy Chan Tel: +852 3159 2962 / +852 6758 4869 Email: wendy.chan@creativegp.com June Wong Tel: +852 3159 2909 / +852 6986 5822 Email: june.wong@creativegp.com HKTDC Leslie Ng Tel: +852 2584 4239 Email: leslie.ss.ng@hktdc.org Education & Careers Expo Coco Yuen Tel: +852 2584 4145 Email: coco.hc.yuen@hktdc.org



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

“The Real Champion – Entrepreneur in Action” Receives Overwhelming Responses Business Leaders Share Pathways to Success

HONG KONG, Jul 8, 2020 – (ACN Newswire) – Champion Real Estate Investment Trust ("Champion REIT") (Stock Code: 2778), owner of Three Garden Road and Langham Place, is pleased to have received overwhelming responses for its first-ever entrepreneur programme, "The Real Champion – Entrepreneur in Action". More than 270 students have signed up for the programme while an online sharing and briefing session was held last Friday.



(Left to right) Mr. Eddy Tang, Founder and CEO of Union Medical Healthcare; Ms. Ada Wong, CEO of Champion REIT and Mr. Louie Chung, Group Owner of LUBUDS F&B Group shared their personal insights



During the sharing session, business leaders including Ms. Ada Wong, CEO of Champion REIT; Mr. Eddy Tang, Founder and CEO of Union Medical Healthcare; and Mr. Louie Chung, Group Owner of LUBUDS F&B Group reflected upon their pathways to success. In particular, Ms. Ada Wong highlighted her career change from an iBanker to a CEO, and discussed the summer job experiences at Champion REIT. Mr. Eddy Tang, on the other hand, shared his insider story of choosing to run a business rather than being a doctor, and also mentioning the trainee opportunities available at Union Medical Healthcare. Moreover, Mr. Louie Chung talked about his road to successfully establishing a "F&B empire" and challenges encountered throughout the years.

Mr. Eddy Tang, Founder and CEO of Union Medical Healthcare, said, "While it was a tough decision to change my role from being a doctor to a business owner, I believe this was an absolutely right move when I look back. We focus in IT, service and brands, and consider continuous value creation is vital to the sustainability of every company. I do hope participants of this programme will be able to better develop their personal attributes and potential, the winners might also have a chance to be selected for our management trainee programme where the trainees will be offered opportunities to have management as their mentors."

Mr. Louie Chung, Group Owner of LUBUDS F&B Group, said, "As an entrepreneur, I regard networking and doing what you have genuine interest in as the prime attributes of achieving success. Prior to my entrepreneurial career, I have already started investing in various businesses and continued to accumulate experiences for future possibilities. I do hope participants of this programme can understand what they are heading into and have a successful career in the future."

Ms. Ada Wong, Chief Executive Officer of Champion REIT, said, "In my career, my professional roles as an iBanker and a CEO have both taught me the indispensable quality of perseverance and passion for career success. Needless to say, nurturing a splendid network with various parties to forge long-term relationship is also crucial. In my view, the programme will provide a good platform for students to acquire practical marketing skills, and I do hope that our sharing today have inspired the participants in one way or another. Moving forward, we will strive for providing youth development support while creating shared values for our business and stakeholders."

"The Real Champion – Entrepreneur in Action" aims to provide tertiary students the opportunity to acquire practical business skills through the guidance of successful business leaders. Successful applicants will participate in a competition to boost the sales of Langham Place cash coupons by executing their marketing plans. The competition is taking place in July while the announcement of winners will be made in mid-August.

Click https://youtu.be/8jWufdXFriY for the full online sharing and briefing session.

About Champion REIT (Stock Code: 2778)
Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties. The Trust focuses on Grade-A commercial properties in prime locations. It currently offers investors direct exposure to 2.93 million sq. ft. of prime office and retail properties by way of two landmark properties, Three Garden Road and Langham Place, one on each side of the Victoria Harbour.
Website: www.championreit.com


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Advanced “YES UA” mobile app supports the authentication of identity of new smart HKID

HONG KONG, Jul 8, 2020 – (ACN Newswire) – United Asia Finance Ltd (UA), a leader in the personal loan market in Hong Kong, is pleased to announce an enhanced YES UA Mobile APP. Thanks to multi-layered identity authentication, artificial intelligence (AI) and microservices technologies, the latest app supports real-time identity verification with both the old HKIDs and the New Smart (2018) ID Cards. UA is first money lender in Hong Kong to introduce the advanced technology to loan services with a "Click" on the mobile app, enabling customers to enjoy secure, fast and hassle-free loan service anytime, anywhere.



UA "Click to Loan" service in the "YES UA" app marks UA as the first in the consumer lending industry of Hong Kong that provides full support of real-time identity authentication covering the new smart HKID of latest version 2018, enabling all customers to enjoy the simple and convenient loan service on mobile anytime and anywhere!






Since the 'Territory-wide Identity Card Replacement Exercise' began in Dec. 2018, more than 2.1 million citizens have replaced their old HKIDs with the new smart IDs. Yet, there are only a handful of financial and wealth management services (including personal loan services) who can provide full support for instant ID verification with New Smart ID Cards. With the advanced AI technology in the latest YES UA Mobile APP, we've added real-time identity verification to the UA "Click to Loan" service, making it possible for all customers, regardless of old or new HKIDs, to enjoy a secure, reliable and innovative loan experience.

Mr Akihiro Nagahara, Managing Director and Chief Executive Officer of UA, said, "Since our establishment in 1993, UA has been committed to offering the most caring loan services and answering our customers every need, driving us to pioneer the industry with the creation of many innovative and milestone services in the market. In 2019, we launched the original Yes UA APP, and were encouraged with the positive feedback from the market and customer experiences offered by the easy operation. Now in 2020, we are introducing the enhanced YES UA Mobile APP with instant identity authentication, featuring advanced technology for real-time identity verification. The AI in the new YES UA APP elevates the user experience as customers can complete the whole loan process with a simple "Click". The entire loan process from application, identity authentication, approval, confirmation to automatic cash transfer can be completed in the UA "Click to Loan" Service. Adhering to our customer-oriented service philosophy, UA will continue to provide innovative products and services in future. Customers know they can always enjoy the best and most suitable loan services with UA."

Real-time identity verification with AI technology:
Enjoy the "Click to Loan" Service on mobile anytime, anywhere

To complete the loan application with the "Click to Loan" service on the YES UA Mobile APP is as simple as a "Click": First, take a photo of your HKID card, then take selfies, and the system will automatically extract and enter the relevant information for you; with the HKID image and selfie photos the instant identity authentication will process, with customer data fully protected. Finally, when the customer confirms the approved loan, the loan amount will be credited to the customer via FPS immediately. "Click to Loan" is that simple and easy!

UA set up its FinTech and Innovation Department in January 2019, aiming to further enhance its innovation capability in financial services and reflecting its determination to pioneer and lead the industry. In the future, UA will remain abreast of the most advanced FinTech developments and market trends enabling customers to enjoy the most thoughtful and convenient loan services, let go of their worries and live their ideal lives.

For more information about UA and loan services, please call our service hotline 2681 8888 or visit www.uaf.com.hk.

Remarks
[i] Currently supporting iOS system only, and will extend to Android system later.
[ii] Compared with major money lenders in Hong Kong.

About United Asia Finance Limited
United Asia Finance Limited (UA) is a member company of Sun Hung Kai & Co. Limited, listed on The Stock Exchange of Hong Kong Limited (HKG:086). Since its establishment in 1993, UA has served Hong Kong citizens, for more than a quarter of a century led by Mr Akihiro Nagahara, Managing Director and Chief Executive Officer of the Company, who has more than 40 years of experience in the consumer loan market and is well known as "Father of Personal Loan" of Hong Kong. UA is devoted to offering diverse loan services along with all-round loan platform for customers. Popular loan services include "i-Money Internet Personal Loan", "NO SHOW" Personal Loan, "Debts Consolidation Loan", "Property Owner's Loan", "e-Cash Revolving Loan" and others.

Customers can reach UA anytime anywhere to enjoy the most professional, caring and all-rounded loan services via online and offline platforms including the Mobile YES UA APP, internet service, hotline or the 49 branches in Hong Kong to solve their financial needs easily. In 2007, United Asia Finance (Shenzhen) Limited (UAF SZ) was formed, marking UA's foray into the Mainland China market. Today, UAF SZ has extended its business to 15 mainland cities. In recent years, coping with the development of IT and internet finance, UAF SZ has been active in developing its electronic and online platforms to offer even more quality and comprehensive online and offline loan services to the public and SME customers in Mainland China. See www.uaf.com.hk.

Media Enquiry:
Strategic Financial Relations Limited
Yoko Li, +852 2864 4813, yoko.li@sprg.com.hk
Jennifer Wong, +852 2114 4915, jennifer.wong@sprg.com.hk


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Advanced “YES UA” mobile app supports the authentication of identity of new smart HKID

HONG KONG, Jul 8, 2020 – (ACN Newswire) – United Asia Finance Limited ("UA"), a leader in the personal loan market in Hong Kong, launched the advanced version of "YES UA" mobile app. Thanks to its multi-layered identity authentication artificial intelligence ("AI") and micro services technology, the latest app supportsi real-time identity authentication with full coverage of both old HKID cards and 2018 new smart HKID, which is the first money lender ii in Hong Kong to introduce that advanced technology in the loan service with easy operation of "click" on mobile app, enabling customers to enjoy secure, fast and hassle-free loan services anytime, anywhere!



UA "Click to Loan" service in the "YES UA" app marks UA as the first in the consumer lending industry of Hong Kong that provides full support of real-time identity authentication covering the new smart HKID of latest version 2018, enabling all customers to enjoy the simple and convenient loan service on mobile anytime and anywhere!






Since the launch of "Territory-wide Identity Card Replacement Exercise", a total of more than 2.1 million citizens have replaced their old HKID with the new smart identity cards as of 30 June 2020. Yet, there is only a handful of financial and wealth management services (including personal loan mobile apps) in which can provide full support of identity authentication with the new smart HKID cards. By adopting the advanced AI technology in the latest "YES UA" mobile app, UA has successfully added the new function of real-time identity authentication with "Click to Loan" service, making it possible for customers regardless of holders of old or new versions of HKID to enjoy its secure, reliable and on mobile.

Mr Akihiro Nagahara, Managing Director and Chief Executive Officer of UA, shared, "Established in 1993, UA is always committed to offer the most caring loan services to answer every need of our customers, which drives us to successfully be the pioneer of the industry with creation of many innovative and milestone services in the market. In 2019, 'Yes UA' app was first launched which turned out to be a great encouragement to us with overwhelming positive feedback from the market and customers with its experience offered by the easy operation. Now in 2020, we introduced our 'YES UA' app with newly-added feature of instant identity authentication with that advanced technology on real-time identity verification. The AI applied in the advanced 'YES UA' app at the same time elevates the user experience in which customers can complete the whole loan process with only the need of 'click'. The entire loan process from application, identity authentication, approval, confirmation to automatic cash transfer can be completed with 'Click to Loan' Service. Secure, fast and easy anytime, anywhere! Adhering to our customer-oriented service philosophy, UA will continue to provide innovative products and services for customers in the coming days, so that they can always enjoy the best and suitable loan services with UA."

Real-time identity verification with AI technology Enjoy "Click to Loan" Service on mobile anytime, anywhere

To complete the entire loan process with "Click to Loan" service at the upgraded "YES UA" mobile app is just simple with "click": First, take a photo of HKID card, then take selfies, the system will automatically extract and enter the relevant information for you; with the HKID image and selfie photos the instant identity authentication will be in progress, with technology of full protection on data of customer embedded. Finally, upon customer's confirmation on the approved loan, the loan amount will be credited to customer via FPS immediately. "Click to Loan" is just that simple and easy.

UA officially set up its FinTech and Innovation Department in January 2019, aiming to further enhance its innovation capability in its financial services and to keep realizing UA's determination to be the pioneer to lead the industry. In the future, UA will keep abreast of most advanced FinTech development and market trend to enable our customers enjoy the most caring and convenient loan services and "let go of worries" at all time.

For more information about UA and loan services, please call our service hotline 2681 8888 or visit www.uaf.com.hk.

Remarks
[i] Currently supporting iOS system only, and will extend to Android system later.
[ii] Compared with major money lenders in Hong Kong.

About United Asia Finance Limited
United Asia Finance Limited ("UA") is a member company of Sun Hung Kai & Co. Limited, which is listed on The Stock Exchange of Hong Kong Limited (stock code: 86). Since the establishment in 1993, UA has severed Hong Kong citizens for more than a quarter of a century. Shareholders of UA include ITOCHU Corporation and is led by Mr Akihiro Nagahara, Managing Director and Chief Executive Officer of the Company, who has more than 40 years of experience in the consumer loan market and is well known as "Father of Personal Loan" of Hong Kong. UA is devoted to offer diverse loan services along with all-round loan platform for customers, popular loan services include "i-Money Internet Personal Loan", "NO SHOW" Personal Loan, "Debts Consolidation Loan", "Property Owner's Loan", "e-Cash Revolving Loan" and etc,. Customers can reach UA anytime anywhere to enjoy the most professional, caring and all-rounded loan services via online and offline platforms including "YES UA" mobile APP, internet service, hotline or the 49 branches in Hong Kong to solve their financial needs easily.

In 2007, United Asia Finance (Shenzhen) Limited ("UAF SZ") was formed, marking UA's foray into the Mainland China market. Today, UAF SZ has extended its business to 15 mainland cities. In recent years, coping with the development of IT and internet finance, UAF SZ has been active in developing its electronic and online platforms to offer even more quality and comprehensive online and offline loan services to the public and SME customers in Mainland China.

Media Enquiry:
Strategic Financial Relations Limited
Yoko Li +852 2864 4813 yoko.li@sprg.com.hk
Jennifer Wong +852 2114 4915 jennifer.wong@sprg.com.hk



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

APE Introduces Full-range Electronic Gaming Equipment to New Integrated Resort Hoiana in Vietnam

MACAU, Jul 7, 2020 – (ACN Newswire) – In view of concerns about Covid-19 / Coronavirus, Asia Pioneer Entertainment Holdings Limited ("APE" or the "Company", with its subsidiaries collectively referred as the "Group"; Stock Code: 8400.HK) would like to reassure our clients and business partners that our services remain fully operational. Meanwhile, APE is thrilled to introduce its full-range electronic gaming equipment ("EGE") to the new integrated casino resort Hoiana in Vietnam which is located in Hoi An, Quang Nam Province. Hoiana is intended to be a luxury resort icon in Asia and a leading travelers' destination for Central Vietnam. The preview opening ceremony of the first phase of the resort was held on June 28, 2020.



The new integrated casino resort Hoiana held its preview opening ceremony of the first phase of the resort on June 28, 2020.


APE introduce its full-range EGE products – "Karma ll" roulette from Spintec and "Dragon's Victory" Linked Jackpot Progressive Slot from Konami to Hoiana Suncity.



At the preview of its first operational facilities, guests can enjoy cutting-edge entertainment and gaming facilities by Hoiana Suncity, play at Vietnam's first Robert Trent Jones Jr. designed Hoiana Shores Golf Club or indulge in the first of four luxurious hotels managed by Rosewood Hotel Group – the Hoiana Hotel & Suites.

Hoiana Suncity, the entertainment complex consists of Vietnam's biggest gaming facility, a wide variety of F&B outlets offering irresistible Asian cuisines and a collection of modern retail stores, bars & lounges that showcase not only night-life excitement but also various cultural & entertainment shows.

APE is honored to install our premium products in this casino with our players' favorite electronic table games, i.e. 8-seated "Karma II" roulette from Spintec d.o.o. ("Spintec") and one of the most popular games in the Philippines and Malaysia "Dragon's Victory" Linked Jackpot Progressive Slot from Konami Australia("Konami").

Spintec is well known for their cutting-edge design and proven technical perfection. The "Karma II" automated roulette contains high speed winning number reader to increase players' excitement in the game. Moreover, "Karma II" was developed to maximize player's gaming experience including its table games such as Baccarat, Blackjack, Craps and Sic-Bo which guarantee longer gaming sessions.

On the other hand, the popular game "Dragon's Victory" from Konami contains 4-level jackpots which can be awarded correspondingly by matching 3 same colors medallions in the feature game that is randomly triggered. The games of Konami are designed to cater the Asian market with Chinese graphic symbols and themes.

Mr. Herman Ng, Chief Executive Officer and Executive Director of APE said, "We proudly supply our full range of customized and integrated products to Hoiana Suncity. As a total solutions provider of EGEs for land-based casinos in Macau as well as other regions in Asia, we are really excited to enter into this iconic project to present our products to the players from around the world. It is a strategic move for APE to extend our footprints in Vietnam."

About Asia Pioneer Entertainment Holdings Limited
Asia Pioneer Entertainment Limited ("APE") is a leading Electronic Gaming Equipment supplier in Macau. It is listed on the Growth Enterprise Market of Hong Kong Stock Exchange, Stock Code: 8400.HK, APE was established in 2006 in Macau and is an approved gaming machine agent licensed by the Gaming Inspection and Coordination Bureau of Macau (DICJ). APE is a global distributor, presenting gaming manufacturers from Slovenia, US, Taiwan and Australia. For more information, please visit http://www.apemacau.com/

About Hoiana Suncity
Hoiana Suncity is an entertainment complex within the integrated resort project Hoiana, a premier lifestyle destination in Quang Nam, Vietnam. Hoiana Suncity is the first casino built and owned by Suncity Group. Hoiana Suncity aspiring to be the finest entertainment hub in Southeast Asia is an entertainment complex within Hoiana, Vietnam's premier integrated resort. Managed by Suncity Group Management Consultancy Limited (SGMC), Hoiana Suncity consists of a casino with 140 live table games and more than 300 electronic gaming machines, a diverse selection of Asian culinary F&B brands, retail stores, bars & lounges that hold entertainment events such as music show, cultural performance, sports screening and a KTV. Hoiana Suncity is dedicated to bringing the iconic, cultural, and extraordinary experience to the world.



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Redsun Services Group Limited Celebrates Listing of its Shares on The Main Board of SEHK

HONG KONG, Jul 7, 2020 – (ACN Newswire) – Redsun Services Group Limited ("Redsun Services" or the "Group"), a fast-growing comprehensive community services provider focusing on the Yangtze River Delta, has today celebrated the commencement of trading of its shares on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") with the stock code of 1971.



Mr. Zeng Huansha, Chairman of Redsun Group (Right), and Mr. Luo Qun, Deputy Secretary of the Jiangbei New District Party Working Committee of the Standing Committee of the CPC Nanjing Municipal Committee, strike the ceremonial gong to celebrate the commencement of trading of Redsun Services' shares on the Main Board of the SEHK.



The price of the Group's shares has performed well on the first day of trading today, opening high at HK$4.88, 17.6% higher than the offer price.

The offer price of Redsun Services was HK$4.15 per offer share. The Hong Kong public offering was oversubscribed about 111 times while the international offering of its shares was also significantly oversubscribed. Net proceeds from the global offering are estimated to be approximately HK$365.4 million, after deducting underwriting fees, commissions and related expenses.

In the future, the Group will continue to execute the strategy to "penetrate Jiangsu province, explore the Yangtze River Delta and expand into urban agglomerations", strengthening its leading position in Jiangsu province and expanding into selected key urban agglomerations and leveraging its current position in cities to explore nearby areas. It also plans to evaluate suitable acquisition opportunities in the Yangtze River Delta, Southwest China, South China and Central China.

About Redsun Services Group Limited
Established in Nanjing in 2003, Redsun Services Group Limited is a fast-growing comprehensive community service provider focusing on the Yangtze River Delta. With a vision of "making lives warmer," the Group has provided and endeavor to continue to "provide customers with high-quality services with sincerity" to serve its customers. The Group has established the regional leading position in the property management market of Jiangsu province and is well-recognised nationwide. The Group was recognized as one of the Top 100 Property Management Companies by CIA for four consecutive years since 2017 and ranked 25th among the 2020 Top 100 Property Management Companies in terms of overall strength.



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Favored by Capital Market Again, MicroPort’s CRM Business Brings in New Investor

HONG KONG, Jul 6, 2020 – (ACN Newswire) – Thanks to capital market's growing expectation for the aging population and accelerated substitution of imported medical devices, China's medical devices industry has entered a golden age of rapid development. Hong Kong-listed medical devices company, MicroPort Scientific Corporation ("MicroPort",stock code: 00853) – which has positioned in ten business segments including cardiovascular devices, orthopedics devices, and cardiac rhythm management business – was favored by the capital market in 2020 and obtained substantial attention from a lot of heavyweight strategic investors.

Following its announcement on July 2 in relation to completion of the placing of 65,958,000 new shares and raising over HK$1.5 billion at a price with the lowest discount among all primary placings of healthcare companies listed in Hong Kong in the last 5 years, MicroPort announced on 5 July that its subsidiary – MicroPort Cardiac Rhythm Management Limited ("MicroPort CRM"), which focuses on developing and commercializing implantable pacemaker and defibrillator devices and related technologies to manage cardiac rhythm disorders – has entered into definitive agreements in connection with its Series B financing with total investment proceeds US$105 million. With the investments, MicroPort CRM's post-money valuation reaches about US$400 million. Hillhouse Capital Group will lead the Series B investment and will invest US$50 million. Current MicroPort CRM investor, Yunfeng Capital will also participate with an additional investment of US$25 million. MicroPort will also invest USD$30 million through its wholly owned subsidiary. These investments fully demonstrated investors' confidence on the development of medical devices industry and MicroPort CRM business.

Originally acquired in April 2018, MicroPort CRM designs, develops, and markets solutions for the management of heart rhythm disorders, such as implantable pacemakers and defibrillators, as well as heart failure with cardiac resynchronization therapy (CRT), worldwide. Headquartered in Clamart (outside Paris) France, MicroPort CRM has dedicated R&D teams in Clamart (outside Paris) and Shanghai, and world class manufacturing facilities in France, Italy, the Dominican Republic and China. Currently MicroPort CRM employs approximately 950 employees globally.

For decades, MicroPort CRM has been at the forefront of innovation in the CRM industry and has implanted more than one million patients worldwide with its pacemakers and defibrillators. The company is known for its cutting-edge technology, small, long-lasting devices, and the most advanced therapeutic solutions. In 2015, MicroPort CRM launched the PLATINIUMTM family of implantable defibrillators, which has the longest service life of any implantable defibrillator on the market, reducing the risks associated to frequent replacements. In 2019, the company launched ENOTM, TEOTM and OTOTM, the world's smallest family of pacemakers, 1.5T and 3T MRI conditional. In the CRT field, the company innovated with the SonRTM sensor, the world's only contractility sensor for automatic optimization of cardiac resynchronization, which, in a landmark trial called RESPOND-CRT, revealed that SonRTM is associated with a 35% reduction in the risk of hospitalization for heart failure. MicroPort CRM continues to innovate in CRT by developing AXONETM, an ultra-thin 1.2 F (0.4 mm) left ventricular lead, which will enable MicroPort CRM to lead the industry in expanding CRT therapy options.

MicroPort CRM will soon launch a new family of pacemakers, ALIZEATM and BOREATM, featuring Bluetooth technology and wireless remote monitoring, and plans to launch a complete new line of defibrillator systems in 2021, including devices and leads, 1.5T and 3T MRI conditional. The market introduction of these products will provide an additional inflection point for the growth prospects of the CRM franchise.


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

VIET CAPITAL BANK and 7-ELEVEN VIETNAM Launch JCB CARD

Ho Chi Minh and Tokyo, Jul 6, 2020 – (ACN Newswire) – Viet Capital Commercial Joint Stock Bank (Viet Capital Bank), a major commercial bank in Vietnam, Seven System Viet Nam Jsc (7-Eleven Viet Nam), a worldwide convenient supermarket, and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co.,Ltd., today announced the launch of Viet Capital Bank JCB 7-Eleven Credit Card.



Viet Capital Bank JCB 7-Eleven Credit Card



A great population of more than 90 million people, Vietnam is considered an attractive market for consumer goods. Vietnamese people likely change the habit in purchasing consumer goods, need to be convinced and purchase all the time 24/7. That's causing the rapidly opening of convenience store.

7-Eleven Vietnam is evaluated as a reputation convenience store, in which developing utilities especially in diversifying the payment, and increasing the loyalty of customer, the co-branded card is launched.

As Viet Capital Bank and 7-Eleven Vietnam exploring,
– 7-Eleven Vietnam expect to operate 1000 stores by 2027.
– This is the first co-branded card of convenience store in Viet Nam.
– With the first step of the campaign, Viet Capital Bank and 7-Eleven Vietnam will prioritize and specifically focus on those group customers are currently member of 7-Eleven Vietnam.

The cardholders can access the JCB acceptance network with about 34 million merchants around the world, special privileges at selected merchants, and customer service at JCB Plaza, an overseas service counter.

In addition, Viet Capital Bank and 7-Eleven offers a lot of benefits with cardholders.
1) Free lifetime annual fee for cardholder, grace period up to 55 days.
2) Loyalty program from 7-Eleven: 1 point for each 1,000 VND transaction amount in App 7REWARDS.
3) Loyalty program from Viet Capital Bank: 5 point for each 1,000 VND transaction amount.

About Viet Capital Bank

Viet Capital Commercial Joint Stock Bank was established in 1992. Over 27 years of operation, with many changes, up to now with the right business vision and strategy, Ban Viet Bank is gradually asserting its position on financial and banking market with the ability to flexibly meet the diverse needs of customers' products and services. The Bank has planned and implemented the Development Strategy for the period of 2016-2020 with the message "We started from YOU" to aim to become a modern, versatile, customer-oriented retail bank. especially individual customers and small and medium business customers.

About 7-Eleven Viet Nam

The first 7-Eleven store in Viet Nam opens in 2017, making Viet Nam the 19th country to host the world's largest convenience store chain.

Seven System Viet Nam (SSV) is the Master Franchisee of the 7-Eleven convenience store system in Viet Nam, based in Ho Chi Minh City. SSV is a group of dynamic professionals who relentlessly make great efforts every day to continue the success story of this iconic brand.

Our mission is to always put our customers first – bringing them fresh food, convenient products and essential services compatible with the culture and lifestyle of a modern and dynamic Viet Nam.

About JCB

JCB is a global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 34 million merchants as well as cash advance locations around the world. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

Contact
JCB Co., Ltd.
Kumiko Kida, Ayaka Nakajima
Corporate Communications Department
Tel: +81-3-5778-8353
E-Mail: jcb-pr@jcb.co.jp

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