DeepGlint Igniting AI Aspirations amongst Malaysian New Generation

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

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

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

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

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

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

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

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

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

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

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

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

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

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

About W Capital Markets Pte. Ltd.

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

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

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

Jiumaojiu Announces 2023 Annual Results

HONG KONG, Mar 22, 2024 – (ACN Newswire) – Jiumaojiu International Holdings Limited (“Jiumaojiu” or the “Company” and its subsidiaries (together, the “Group”); Stock Code: 9922HK) is pleased to announce the audited consolidated results of the Company for the year ended December 31, 2023.

Key Financial Highlights

Revenue increased by 49.4% from RMB4,005.7 million for the year ended December 31, 2022 to RMB5,985.9 million for the year ended December 31, 2023;
Net profit for the year increased significantly by 763.3% from RMB55.6 million for the year ended December 31, 2022 to RMB480.0 million for the year ended December 31, 2023;
Profit for the year attributable to equity shareholders of the Company increased by 819.9% from RMB49.3 million for the year ended December 31, 2022 to RMB453.5 million for the year ended December 31, 2023;
Adjusted net profit increased by 623.2% from RMB69.3 million for the year ended December 31, 2022 to RMB501.2 million for the year ended December 31, 2023.
Final dividend proposed after the end of the year of HKD0.15 per ordinary share, representing a payout ratio of approximately 43.1%of profit for the year attributable to equity Shareholders.

In the year of 2023, the Group continued to adhere to its multi-brand and multi-concept strategy and explored new business opportunities, aiming to further expand its market share and maintain its market position as a leading Chinese cuisine restaurant brand manager and operator in the People’s Republic of China. In the year of 2023, total revenue of the Group increased by 49.4% from RMB4,005.7 million for the year ended December 31, 2022 to RMB5,985.9 million for the year ended December 31, 2023, and its net profit for the year increased significantly by 763.3% from RMB55.6 million for the year ended December 31, 2022 to RMB480.0 million for the year ended December 31, 2023. While the Group’s revenue is increasing, it further optimizes operational efficiency through effective management control, leading to a substantial growth in profits.

Steady Expansion of Stores And Advancing Overseas Deployment

Following the relaxation of anti-pandemic measures against the novel coronavirus COVID-19 (the “Pandemic”) and border reopening in early 2023, the Group adopted an active expansion strategy and opened 180 new restaurants in 2023, comprising 134 Tai Er restaurants, 35 Song Hot Pot restaurants, four Jiu Mao Jiu restaurants, six Lai Mei Li Grilled Fish restaurants and one Fresh Wood Beef Hot Pot(“Fresh Wood”) restaurant. As of December 31, 2023, the Group self-operated 726 restaurants, covering 142 cities in the PRC, Singapore, one city in Canada, one city in Malaysia, one city in Thailand and two cities in the United States.

As of December 31, 2023, the Group had a total of 578 Tai Er restaurants, 62 Song Hot Pot restaurants, 77 Jiumaojiu restaurants, 1 Uncle Chef restaurant, 7 Lai Mei Li Grilled Fish restaurants and 1 Fresh Wood restaurant. In 2023, the Group accelerates the restaurant network expansion of Tai Er brand and Song Hot Pot brand, while optimize the operation of Lai Mei Li Grilled Fish brand by restaurant renovation and menu upgrades. Meanwhile, in July 2023, the Group introduced its Fresh Wood brand, positioned as a high-end brand, to offer customers beef hot pot dishes using natural and premium food ingredients.

Multiple Brands under The Umbrella Flourishing And Operational Capabilities Continuously Strengthening

The Group generates revenue from four segments classified by brands, including Tai Er, Song Hot Pot, Jiu Mao Jiu and all other brands. Restaurant performance of most of the Group’s brands improved in 2023. Revenue contribution from Tai Er, Song Hot Pot and Lai Mei Li Grilled Fish increased by 44.3%, 210.4% and 272.3%, respectively. Moreover, the table turnover rates of Tai Er, Song Hot Pot, Jiu Mao Jiu and Lai Mei Li Grilled Fish also increased, which were mainly attributable to the increase in customer traffic following the relaxation of anti-pandemic measures against the Pandemic and border reopening in early 2023.

Revenue from Tai Er increased by 44.0% from RMB3,108.3 million for the year ended December 31, 2022 to RMB4,476.9 million for the year ended December 31, 2023 primarily due to the restaurant network expansion of Tai Er from 450 restaurants as of December 31, 2022 to 578 restaurants as of December 31, 2023. Meanwhile, its business operation has recovered from the Pandemic, leading to the increase in the number of operating days in 2023 compared to that in 2022 and the increase in table turnover rate of Tai Er restaurants from 3.5 in 2022 to 4.1 in 2023.

Revenue from Song Hot Pot increased significantly by 210.4% from RMB259.8 million for the year ended December 31, 2022 to RMB806.5 million for the year ended December 31, 2023 primarily due to the restaurant network expansion of Song Hot Pot from 27 restaurants as of December 31, 2022 to 62 restaurants as of December 31, 2023, and the increase in table turnover rate of Song Hot Pot restaurants from 3.6 in 2022 to 3.8 in 2023. In addition, revenue from Song Hot Pot as a percentage of total revenue increased from 6.5% in 2022 to 13.5% in 2023. In addition, Revenue from Jiu Mao Jiu remained relatively stable at RMB605.5 million and RMB629.6 million for the years ended December 31, 2022 and 2023, respectively.

Restaurant Operating And Delivery Services Concurrently to Jointly Boost Group Growth

Services provided by the Group or activities it engages in currently comprise restaurant operations, delivery business and others, mainly including sales of goods and sales of specialties. In 2023, the Group experienced accelerated growth in both its restaurant operations and delivery services revenue.

Revenue from restaurant operations increased by 58.2% from RMB3,203.2 million for the year ended December 31, 2022 to RMB5,066.5 million for the year ended December 31, 2023, primarily due to the Group’s restaurant network expansion from 556 restaurants as of December 31, 2022 to 726 restaurants as of December 31, 2023 and the growth in same store sales as the number of days of operation and table turnover rates of the Group’s restaurants increased in 2023 amid the recovery of its business operation from the Pandemic. As a result, revenue from restaurant operations as a percentage of total revenue increased from 80.0% for the year ended December 31, 2022 to 84.6% for the year ended December 31, 2023.

In addition, Revenue from delivery business increased by 14.5% from RMB787.1 million for the year ended December 31, 2022 to RMB901.2 million for the year ended December 31, 2023, primarily due to an increase in the number of restaurants that offered delivery services along with the Group’s restaurant network expansion.

In the future, the Group remains fully devoted to providing marvelous dining experience to customers through exquisite dishes, high-quality services and unique dining ambience. By replicating the Group’s success through further expansion; continually expanding into more market segments by pursuing a multi-brand and multi-concept strategy; continually strengthening the Group’s supply and support capabilities; expanding into the global markets to gain international presence; introducing franchise and cooperative model for regional and international expansion, the Group maintains the group’s strong market position and enhance its competitiveness, in order to maintain a strong market position and enhancing its competitiveness.

Propose Distributing Final Dividends to Showcase Confidence in Corporate Growth

The Board is committed to increasing returns for the shareholders of the Company (the “Shareholders”). For the year ended December 31, 2023, apart from utilizing approximately HKD150.0 million for share repurchases on market, the Board also proposes to distribute a final dividend of HKD0.15 per ordinary share (totalling approximately HKD215.4 million), which represents a payout ratio of approximately 43.1% of profit for the year attributable to equity Shareholders. Going forward, after a thorough reevaluation of the Group’s financial performance, financial position, and strategic development plans for the future, the Board intends to maintain a dividend payout ratio of no less than 40% of profit for the year attributable to equity shareholders.

About Jiumaojiu International Holdings Limited

Jiumaojiu International Holdings Limited is a leading chained Chinese cuisine restaurant brand manager and operator, focusing on serving cuisines with quick services, and creating a casual and upscale ambience with modern decoration of restaurants which are primarily located in shopping malls. As of December 31, 2023, the Group self-operated 726 restaurants, covering 142 cities in the PRC, Singapore, one city in Canada, one city in Malaysia, one city in Thailand and two cities in the United States.

Renowned Lithium Executive Brian Talbot to Join Atlas Lithium as Chief Operating Officer and Director

HIGHLIGHTS

– Renowned lithium expert Brian Talbot has agreed to join Atlas Lithium as Chief Operating Officer and Member of the Company’s Board of Directors on April 1, 2024, a highly significant milestone.

– Brian Talbot’s addition to Atlas Lithium’s team further enables the Company’s early revenue strategy targeting first lithium concentrate production in Q4 2024.

Boca Raton, Florida–(ACN Newswire – March 21, 2024) – Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or “Company”), a leading lithium exploration and development company, is pleased to announce the upcoming addition of Brian Talbot as Chief Operating Officer and a member of the Company’s Board of Directors effective April 1, 2024. Mr. Talbot is a renowned lithium sector executive with extensive development and operational expertise. This strengthening of the executive team comes on the heels of the Company’s early revenue strategy, with anticipated first revenues and production commencing in Q4 2024.

Mr. Talbot is considered one of the leading authorities in lithium globally and has an extensive track record as a technical and operational leader throughout his career with over 30 years of experience in mining operations. In particular, he has extensive experience in DMS (dense media separation) plant development and operation, having worked at major lithium companies where he built a strong track record of operational performance.

Most recently, Mr. Talbot was founder and director of RTEK International DMCC, a consulting firm that advises lithium developers and producers. From July 2022 to September 2023, Mr. Talbot was the Chief Operating Officer at Sigma Lithium Corporation (“Sigma Lithium”), a Canadian lithium producer with operations in Brazil. At Sigma Lithium, he oversaw the development of that company’s flagship Grota do Cirilo project from construction through commissioning and operations.

From 2017 to 2022, Mr. Talbot held positions as General Manager and Head of Australian Operations at Galaxy Resources, through mergers now part of Arcadium Lithium PLC, one of the world’s largest fully integrated lithium companies with a current market capitalization of approximately $4.7 billion. While at Galaxy Resources, Mr. Talbot was instrumental in increasing the production at Mt. Cattlin (a hard-rock lithium mine in Ravensthorpe, Western Australia) by 100%, which resulted in record production. Previously, from 2015 to 2017, Mr. Talbot was at Bikita Minerals in Zimbabwe, which owns and operates the longest running hard-rock lithium mine in the world.

With extensive experience designing, planning, building, and managing profitable mining operations globally, Mr. Talbot has a proven track record of driving operational excellence. His leadership has consistently improved efficiency, identified commercial opportunities, extended mine life, and maximized safety across diverse projects and regions. He holds a bachelor’s degree in chemical engineering with Honors from the University of Witwatersrand, South Africa.

Martin Rowley, former Chairman of Galaxy Resources and later Allkem Limited, and now Lead Advisor to Atlas Lithium, commented, “I was able to persuade Brian to leave Bikita’s lithium operations in Zimbabwe and move to Australia to be responsible for the restart of operations at Galaxy Resources’ Mt. Cattlin. During the time we worked together at Galaxy, his work ethic, dedication, conscientious team building ability, and creativity underwrote the significant value increase to all Galaxy shareholders. I look forward to working with him again on realizing the undoubted potential of Atlas Lithium.”

“When speaking with global lithium investors, Brian Talbot is a name that is clearly revered as a ticket for success. The fact that Atlas Lithium can attract such exceptional talent speaks volumes about our culture and the potential of our project. We wholeheartedly welcome Brian to our Board of Directors and to lead our development and exploration technical teams,” said Marc Fogassa, the Company’s Chairman and Chief Executive Officer.

Brian Talbot added, “After visiting and studying in detail Atlas Lithium’s properties, I firmly believe there is a strong alignment between my expertise in expediting hard-rock lithium projects to production and the solid foundation that the Company has already built. This opportunity allows me to further advance Atlas Lithium’s strategic direction as a member of its Board of Directors, while also fostering my own professional growth as a leader in the lithium space.”

About Atlas Lithium Corporation

Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project in Brazil’s Lithium Valley, a well-known lithium district in the state of Minas Gerais. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel, rare earths, titanium, and graphite. The Company also owns equity stakes in Apollo Resources Corp. (private company; iron) and Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium’s ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.

Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled “Risk Factors” in the Company’s Annual Report and in Form 10-Q filed with the SEC on October 20, 2023. Please also refer to the Company’s other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company’s views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.

Investor Relations:
Brian Bernier
Vice President, Investor Relations
+1 (833) 661-7900
bwb@atlas-lithium.com
https://www.atlas-lithium.com/
@Atlas_Lithium

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/202385

Quam Plus Financial Hosts Hong Kong Conference of Global Alliance Partners on Mar 18-19

HONG KONG, Mar 20, 2024 – (ACN Newswire) – Quam Plus International Financial Limited (“Quam Plus Financial” or the “Group”), recently hosted a two-day conference of Global Alliance Partners (GAP) on 18 to 19 March 2024.

GAP is an international network of regulated financial services companies that focuses on the capital midmarket. Established in 2008, Gap has been bringing together nearly a hundred local corporate leaders and professionals from around the world regularly to facilitate the exchange of investment opportunities.

The annual conference of this year is led by Chairman Mr. David Grayson, and invited Mr. Joseph H. L. CHAN, JP, Under Secretary for Financial Services and the Treasury, representing the Government of Hong Kong SAR, and Governor Hermilando Mandanas of Batangas in the Philippines, as special guests. The two guests shared their valuable insights on the investment markets in China, Hong Kong, and the Philippines during the conference.

In addition to the local participants, the conference welcomed overseas partners such as Capital Partners Securities from Japan, Petra Capital based from Australia, Quadrillion from Dubai, WeCap Financial from Philippines, Pi Securities from Thailand and Southern Bridge Capital from Latin American.

Mr. David Grayson, GAP Chairman

During his opening remarks, Dr. Kenneth Lam, Chief Executive Officer of Quam Plus Financial, addressed the current market conditions, acknowledging the volatility and weak sentiment that some believe may lead to a pessimistic outlook. However, he also highlighted that others see attractive market valuations and investment opportunities “I still believe that the current situation presents a combination of challenges and opportunities.”

Dr. Kenneth Lam, Chief Executive Officer of Quam Plus Financial

With GAP’s extensive network of global financial services companies and their dedication to providing innovative solutions made the conference a driving force in establishing connections between prominent and emerging markets. By facilitating closer communication, the conference demonstrated the tremendous value of collaboration and knowledge exchange in successfully navigating the dynamic realm of finance.

About Global Alliance Partners

Global Alliance Partners (GAP) is a network organization of international, mid-market financial services companies dedicated to delivering innovative solutions for our clients across private equity, corporate fund raising, stock broking and fund management. Partner firms have completed over 1,000 corporate transactions worth a total of almost US$34 billion in 60 countries; and manage or advise close to US$6 billion worth of individual and institutional funds. Global Alliance Partners bridges the gap between investment opportunities in leading, emerging, and frontier markets, and key sources of investment risk capital. It is composed of 14 fully licensed Member Firms whose scope and reach, including their respective affiliate companies, span 28 countries in strategic markets in Asia, Europe, the Middle East, North America, and Sub-Saharan Africa, providing a truly global reach.

About Quam Plus International Financial Limited

Quam Plus International Financial Limited (the “Company”, Stock Code: 00952.HK) is a Hong Kong based financial services group which is listed on the Main Board of the Stock Exchange of Hong Kong Limited. The Company was publicly listed in Hong Kong in 1997, it is committed to building a comprehensive, full-licensed integrated financial platform. The core businesses of the Company are brokerage business, interest income business, corporate finance business, asset management business and investments and others businesses. The Company strives to become the ideal partner for both corporate and individual investors in Hong Kong and China. The Company also offers premier one-stop financial services to its clients. The Company continued to provide capital markets services through its representative office or the wholly-owned foreign enterprise in Shenzhen, Shanghai, Shenyang, Ningbo, Beijing, Chengdu, Hangzhou and Xiamen of the PRC and through its networks of Global Alliance Partners network and Oaklins International.

For further information, please contact:

Quam IR Limited

Mandy Lo Tel: (852) 2217-2753 Email: mandy.lo@quamgroup.com

Charlie Chan Tel: (852) 2217-2504 Email: charlie.chan@quamgroup.com

Emperor W&J 2023 Full Year Total Revenue Grows 31%, Net Profit Increases 35%

HONG KONG, Mar 19, 2024 – (ACN Newswire) – Emperor Watch & Jewellery Limited (the “Group” or “Emperor W&J”) (Stock code: 887), a leading retailer of European-made watches and fine jewellery, is pleased to announce its annual results for the year ended 31 December 2023 (the “Year”).

Results Highlights

HK$ million	For the year ended 31 December		Changes
HK$ million	2022	2023	Changes
Revenue	3,684	4,823	+ 30.9%
Gross profit	1,177	1,450	+ 23.2%
Adjusted EBITD 1	376	470	+ 25.0%
Net profit	222	299	+ 34.7%
Basic earnings per share	HK3.28 cents	HK4.41 cents	+ 34.5%
Full year dividend per share 2	HK1.00 cent	HK1.32 cents	+ 32.0%

1 Adjusted EBITD represents earnings before interest, tax and depreciation charge on the self-owned flagship store, which reflects the Group’s core operating performance. The Group has fully adopted the HKFRS16, which amortisation of right-of-use assets associated with rental lease agreements were included.

2 Includes interim and final dividends

Boosted by the full resumption of travel and revival of consumption sentiment, the Group’s total revenue grew by 30.9% to HK$4,823.2 million (2022: HK$3,684.3 million) during the Year. Revenues from Hong Kong and mainland China were HK$2,510.0 million (2022: HK$1,652.5 million) and HK$1,372.9 million (2022: HK$1,186.3 million), respectively, accounting for 52.0% (2022: 44.9%) and 28.5% (2022: 32.2%) of the total revenue, respectively. In terms of revenue by product segment, the sales revenues from the watch and jewellery segments were HK$3,480.4 million (2022: HK$3,017.6 million) and HK$1,342.8 million (2022: HK$666.7 million), respectively, accounting for 72.2% (2022: 81.9%) and 27.8% (2022: 18.1%) of the total revenue, respectively.

Gross profit increased by 23.2% to HK$1,450.3 million (2022: HK$1,177.3 million). As a result of the improvement in total revenue, the Group’s net profit increased by 34.7% to HK$299.2 million (2022: HK$222.1 million) during the Year. Basic earnings per share was HK4.41 cents (2022: HK3.28 cents). The Group has recommended the payment of a final dividend of HK0.56 cent (2022: HK0.62 cent) per share. Together with the interim dividend of HK0.76 cent (2022: HK0.38 cent) per share, the total dividends for the full year are HK1.32 cents (2022: HK1.0 cent) per share.

As at 31 December 2023 the Group had a total of 93 stores in Hong Kong, Macau, mainland China, Singapore and Malaysia. During the Year, the Group continued to open jewellery stores and watch stores in Hong Kong and mainland China.

Ms. Cindy Yeung, Chairperson of Emperor W&J, said, “China remains a prominent force in the global economy and an indispensable investment market for investors. Leveraging its brand reputation in China, the Group will continue expanding in the Hong Kong and mainland China markets to seize the ample opportunities. With the ongoing Renminbi fluctuations, it is expected that Chinese consumers will tend to spend within the country and the Group is poised to benefit from it with its established presence in the Hong Kong, Macau and mainland China markets.”

About Emperor Watch & Jewellery Limited

With long establishment history of over 80 years in Hong Kong since 1942, Emperor W&J (887.HK) is a leading retailer principally engages in the sale of European-made internationally renowned watches, and fine jewellery products under its own brand, “Emperor Jewellery”. Through its comprehensive watch dealership, unique marketing campaigns and extensive retail network at prime locations in Hong Kong, Macau, mainland China, Singapore and Malaysia, Emperor W&J established a strong brand image amongst its target customers ranging from middle to high income groups worldwide. In recognition of its efforts in investor relations communications, Emperor W&J was granted with “Best IR Company” (Small Cap) and “Best Investor Presentation Material” (Small cap) in HKIRA Investor Relations Awards 2023 by the Hong Kong Investor Relations Association. For more information, please visit its website: www.EmperorWatchJewellery.com.

Investor/Media Enquiries

Anna Luk

Group Investor Relations Director

Tel: +852 2835 6783

Email: annaluk@emperorgroup.com

Janice Au

Group Investor Relations Manager

Tel: +852 2835 6799

Email: janiceau@emperorgroup.com

Noah Holdings Becomes the First Non-Bank Chinese Institution to Join PWMA

HONG KONG, Mar 13, 2024 – (ACN Newswire) – On March 11, Noah Holdings (Hong Kong) Limited was honored with full membership by the Private Wealth Management Association (PWMA), marking a significant milestone as the first non-bank institution of Chinese origin to join the prestigious group. This esteemed acknowledgment highlights Noah Holdings’ outstanding achievements in wealth management, underscoring its commitment to learning from the association and sharing its wealth of experiences, enriching the collective knowledge base.

PWMA is an industry association comprised of numerous distinguished wealth management institutions within the Hong Kong region. Its members are recognized globally for their influence and frequent engagement in governmental and international forums. Comprising authorized institutions and licensed corporations, specialize in personalized banking solutions and portfolio management for individuals, families, and enterprises.

Over the past decade, PWMA has consistently organized the highly acclaimed PWMA Wealth Management Summit with famous associations, institutions and companies across the world. Recently, PWMA joined forces with the Hong Kong Trade Development Council to co-host a Family Office Seminar during the Asian Financial Forum (AFF). In 2023, PWMA partnered with the London Stock Exchange and its subsidiary, FTSE Russell, to organize an event to discuss the use of sustainability indexes, investment stewardship, sustainable bonds and other financial related topics.

The PWMA is dedicated to solidifying Hong Kong’s reputation as the premier destination for private wealth management. With a continuous publication of the Private Wealth Report of Hong Kong for over six years, the association has played a crucial role in fostering industry growth, maintaining high standards of integrity, and serving as a unified voice in stakeholder engagements.

Currently comprising 44 members and governed by a 12-member Executive Committee. The PWMA plays a pivotal role in shaping Hong Kong’s position as Asia’s leading private wealth management hub. With Hong Kong’s strategic location at the heart of Asia’s global economic powerhouse, coupled with its vital role as a gateway for capital flows, the PWMA leverages the city’s robust legal and regulatory framework, low taxes, and strong financial infrastructure to cater to the needs of high-net-worth clients.

sources from PWMA official website

The membership roster of PWMA includes many renowned banks from China and around the world, such as the JP Morgan Chase Bank, National Association Bank of China (Hong Kong) Limited, BNP Paribas Hong Kong Branch, and Credit Suisse AG, Hong Kong Branch, with rich industry experience and superior professional expertise.

As a leading wealth management service provider, Noah Holdings will align with these outstanding members from the association to promote the development of the wealth management industry, especially by joining the PWMA now. By communicating with other pioneers, it is a great opportunity for Noah to draw experience from those pioneers’ legacy, further improve its service and professional capabilities.

More importantly, Noah will work together with PWMA members to address cross-border regulatory issues in the private wealth management business in Mainland and Hong Kong. With the acceleration of globalization, cross-border wealth management business has gradually become an important trend in industry development. However, the complexity and diversity of cross-border regulation also pose certain challenges to the development of the industry. Noah is well aware of the importance of cross-border regulation and has been committed to promoting the improvement and implementation of relevant policies. Through cooperation with PWMA, Noah can leverage the association’s resources to jointly research the best practices of relevant regulations, and help promoting a healthy and prosperous wealth management market.

Going forward, Noah Holdings will maintain a close relationship with the PWMA, actively seeking avenues for industry development. Both parties will strengthen cooperation in information sharing, policy research, and training exchanges, collectively enhancing the overall standard and competitiveness of the industry. Furthermore, Noah Holdings will proactively engage in international exchanges and collaborations, learning from and adopting advanced global practices. As a beacon of success, Noah is proud to contribute Chinese insights and solutions to the global development of the private wealth management industry.

UAE’s Swan Achieved 40% Boost In Email Campaign View Rates With CleverTap

Mountain View, Calif, Mumbai, India, & UAE, Mar 12, 2024 – (ACN Newswire) – CleverTap, the all-in-one engagement platform today announced that Swan, one of UAE’s most trusted groceries and home services app, achieved a 40% boost in view rates of email campaigns after leveraging CleverTap’s tools.

Swan is an app-based e-commerce platform that strives to create a personalized shopping experience for each customer. Established in 2019 in the UAE, Swan has grown from a small e-commerce app to one of the biggest and most trusted e-commerce applications for groceries and home services in the UAE.

Recognizing the value in users who already have the app installed, Swan sought to ensure they keep returning to make transactions. To achieve successful engagement with this base, the key focus areas were: building precise target segments, crafting effective incentives and messages, and pinpointing the optimal timing and channels to maximize engagement. Robust measurement at each stage was critical to determine the effectiveness of messages, channels, and timing, individually.

Swan found the ideal solution for enhancing customer engagement through CleverTap’s comprehensive and integrated approach. Leveraging CleverTap’s smart segmentation capability, Swan organized users into groups based on their transaction activity. They conducted extensive A/B testing for creatives and content that were regularly used as part of their messaging strategy. By employing multiple channels based on specific contexts, they found that emails and push notifications were most effective in reactivating dormant users. Personalized experiences were crafted for each user through message customization. Swan relied extensively on the Analytics feature to assess the impact of their campaigns.

Deploying CleverTap helped Swan achieve the following:

40% boost in view rates of email campaigns thanks to systematic experimentation on content and creative
Swan saw a 3% activation rate of targeted dormant users
Reactivation campaigns drove a 15% share of incremental orders

Solomon George, Managing Director, Swan, said, “CleverTap’s combination of analytics and orchestration has been integral to Swan’s growth and customer engagement journey. With CleverTap’s user-personalization prowess, we were able to drive 15% of incremental orders from reactivation campaigns alone. This level of growth across multiple cohorts and periods solidifies Swan as a reliable and trusted shopping companion.”

Sidharth Pisharoti, Chief Revenue Officer, CleverTap, said, “Reactivating dormant users is essential for modern businesses, especially with the exorbitant customer acquisition costs of today. It opens up a new realm of untapped potential for any app-first business. Partnering with an industry frontrunner like Swan, we witnessed this notion play out in full swing. Swan saw a 40% boost in view rates of email campaigns after deploying our all-in-one platform. It’s a testament to our platform’s prowess in driving unmatched customer engagement. We’re excited to bring more such significant wins for Swan in the future.”

About CleverTap

CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalized experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalized journeys that span a lifetime. It offers analytics that encompasses every aspect of the lifecycle, enabling businesses to measure and optimize each experience in real-time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.

The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.

CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.

Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, and Jakarta.

For more information, visit clevertap.com or follow us on:
LinkedIn: https://www.linkedin.com/company/clevertap/
X: https://twitter.com/CleverTap
https://clevertap.com/live-product-demo/

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.

For more information:
SONY SHETTY
Director, Public Relations, CleverTap
+91 9820900036
sony@clevertap.com

IPSHITA BALU
Consultant
Archetype
+91 9590111798
ipshita.balu@archetype.co

Noah Holdings Wins ‘Best Independent Wealth Manager – China’ Award for Seventh Year in a Row

SHANGHAI, Mar 8, 2024 – (ACN Newswire) – Noah Holdings Limited (the “Company,” or “Noah”) (NYSE: NOAH and HKEX: 6686), a leading wealth management service provider in China offering comprehensive global investment and asset allocation advisory services primarily for high-net-worth investors, is delighted to report that it was awarded “Best Independent Wealth Manager – China” for the seventh year in a row at the Asian Private Banker Awards for Distinction 2023.

The Asian Private Banker Awards for Distinction, a highly respected accolade in the private banking and wealth management sphere across Asia-Pacific, serves as a benchmark for excellence. Noah’s win at the awards ceremony, hosted by Asian Private Banker, is a testament to the Company’s exceptional performance, wealth management expertise, and an affirmation of Noah’s operational stability, efficient management, and forward-thinking strategy.

Established in 2009, Asian Private Banker is a resource for news, content, and events in the Asia-Pacific region. The organization’s annual APB Summit in Hong Kong and Singapore caters to a wide audience within the private wealth management community.

“Chinese wealth manager Noah Holdings continues its offshore expansion, tapping Chinese clients who wants to go global. As part of its strategic layout, Noah Holdings was listed on the Hong Kong Stock Exchange, becoming the first Chinese independent wealth management institution to achieve dual listing of Hong Kong and US shares.” Said by the judging panels from Asian Private Banker “In addition, with a sizable number of relationship manager in its HK and Singapore offices and recent strategic cooperation agreement with Sun Life allowed Noah bring better and more comprehensive wealth inheritance services to its clients.”

Noah’s wealth management business is growing rapidly as Mandarin-speaking high-net-worth individuals increasingly seek asset liquidity, security and global diversification. In the third quarter of 2023, the Company achieved impressive growth, with net revenues increasing 9.6% from a year earlier, driven primarily by its wealth management business. Revenues from that segment increased by 17.8% year-over-year, while those from one-time commission fees increased 115.5%. These results highlighted the Company’s strong performance and the trust that clients place in it as private wealth manager.

Complementing its strong performance, Noah recently released its “2024 CIO Report – Global Edition”, offering valuable insights into macroeconomic trends and strategic recommendations. The report underscores the importance of investing in megatrends and accelerating global asset allocation, emphasizing the need for wealth managers to deploy potentially beneficial assets and risk-hedging tools in preparation for an anticipated shift in policy interest rates.

More specifically, the CIO Report highlights the need for the use of fundamental principles, urges the use of Noah’s global asset allocation solution, emphasizes investments in rental departments and mature infrastructure, recognizes the proficiency of hedge funds to generate Alpha amid volatile markets, and stresses the need to capitalize on deployment opportunities presented at the end of rate-hike cycles.

Mr. Yin Zhe, Co-Founder and CEO of Noah, commented “2023 was a tremendous year for Noah and we are honored to receive the “Best Independent Wealth Manager – China” award for the seventh time. The award underscores our influence and leadership in the wealth management industry and is a testament to our understanding of clients’ needs and commitment to industry compliance. Despite prevailing economic headwinds, we remain dedicated to empowering our clients so they can broaden their global investment horizons while seizing opportunities in diverse markets. Since day one, Noah has adhered strictly to financial industry norms to establish itself as a leading and reputable player in the industry. Looking ahead, Noah will continue to meet the diverse needs of its clients with even higher standards and enhanced services.”

Techtronic Industries Delivers Solid 2023 Annual Results

HONG KONG, Mar 6, 2024 – (ACN Newswire) – Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, OTCQX: TTNDY, TTNDF) is pleased to announce the audited consolidated results of the Company and its subsidiaries for the year ended December 31, 2023. TTI delivered US$13.7 billion of sales in 2023, up 3.6% in reported growth and 3.9% in local currency. Both the MILWAUKEE and our Consumer group of businesses gained momentum in the second half of 2023.

— TTI delivered record free cash flow of US$1.3 billion while outperforming the market in sales growth and profit generation

— Our Flagship MILWAUKEE business grew sales 10.7% in local currency

— We improved Gross Margin for the 15th consecutive year to 39.5%, a 14 bps increase, while cutting inventory US$987 million versus last year

Financial Performance Highlights for 2023
	2023* US$’ million	2022 US$’ million	Changes
Revenue	13,731	13,254	+3.6%
Gross profit margin	39.5%	39.3%	+14bps
EBIT	1,135	1,201	(5.5%)
Profit attributable to Owners of the Company	976	1,077	(9.4%)
Basic earnings per share (US cents)	53.36	58.86	(9.3%)
Free Cash Flow	1,281	329	+952m
Dividend per share (approx. US cents)	24.84	23.81	+4.3%

*For the year ended December 31, 2023

Gross margin improved 14 bps to 39.5% in 2023. This gross margin improvement is highly encouraging given the significant US$987 million inventory reduction versus last year. EBIT was at US$1.1 billion, 5.5% lower than 2022. In the second half of 2023, EBIT improved to US$575 million, a 1.1% increase versus the second half of 2022. TTI delivered US$976 million of net profit. The decline of 9.4% versus last year was partially driven by significant increases in interest rates over the period, resulting in higher interest expense. Earnings per share also declined 9.3% to US53.36 cents. Working capital as a percent of sales improved from 21.2% last year to 17.7% in 2023. This reduction in working capital helped drive record free cash flow of US$1.3 billion for the year and the Group is well positioned to deliver strong free cash flow in 2024 and the future.

The TTI Power Equipment segment delivered sales of US$12.8 billion in 2023, up 3.8% in reported currency and up 4.1% in local currency. MILWAUKEE delivered 10.7% full year sales growth in local currency, improving to 12.7% local currency growth in the second half, versus 8.7% in the first half. Our Consumer group of businesses also delivered positive sales growth in the second half and are well positioned to continue gaining traction in 2024. Our Floorcare and Cleaning business delivered sales growth in 2023 of 1.5% in local currency to US$937 million and profit increased US$65.3 million versus last year to US$27.2 million.

The Board is recommending a final dividend of HK98.00 cents (approximately US12.61 cents) per share. Together, with the interim dividend of HK95.00 cents (approximately US12.23 cents) per share, this will result in a full-year dividend of HK193.00 cents (approximately US24.84 cents) per share.

Mr. Horst Pudwill, Chairman of TTI, said, “TTI is poised for continued market outperformance in 2024. We are relentlessly focused on developing innovative cordless products with advanced electronics, cutting-edge motor technology, and artificial intelligence. With a healthy balance sheet, solid cash position, and strong growth outlook, we look forward to 2024 with confidence.”

Mr. Joseph Galli, CEO of TTI, commented, “Our exceptional results over the past fifteen years have consistently surpassed overall market performance. 2024 will be no exception, as we are poised to outperform the market yet again. Our strength in cordless innovation, new product development, operational excellence, and in-field marketing initiatives are unparalleled in the industry and give TTI an unassailable competitive advantage.”

Forward-Looking Statements

This announcement contains certain forward-looking statements or uses certain forward-looking terminologies which are based on the current expectations, estimates, projections, beliefs and assumptions of TTI about the businesses and the markets in which the Group operates and reflect TTI’s views as of the date of this announcement. These forward-looking statements are not guarantees of future performance and are subject to market risk, uncertainties and factors beyond the control of TTI. Therefore, actual outcomes and returns may differ materially from the assumptions made and the statements contained in this announcement.

About TTI

TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products for the DIY, consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers – Powerful Brands, Innovative Products, Exceptional People and Operational Excellence – reflecting an expansive long-term vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries while maintaining high environmental, social and corporate governance standards. TTI’s powerful brand portfolio includes MILWAUKEE, RYOBI and AEG power tools, accessories and hand tools, RYOBI outdoor products, EMPIRE layout and measuring products, and HOOVER, VAX, DIRT DEVIL and ORECK floorcare cleaning products and solutions.

Founded in 1985 and listed on The Stock Exchange of Hong Kong Limited in 1990, TTI is one of the constituent stocks of the Hang Seng Index, Hang Seng Corporate Sustainability Benchmark Index, FTSE RAFI(TM) All-World 3000 Index, FTSE4Good Developed Index, and MSCI ACWI Index. The Company also trades on the OTCQX Best Market under the symbols “TTNDY” and “TTNDF”. For more information, please visit www.ttigroup.com.

All trademarks listed other than AEG, OTCQX, and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.), and is used under license. OTCQX is a registered trademark of OTC Markets Group Inc. RYOBI is a registered trademark of Ryobi Limited, and is used under license.

For Investor Relations enquiries:

Main Contact

TTI Investor Relations – North America

Ross Gilardi

Senior Vice President, Finance & Investor Relations

Email: ross.gilardi@ttihq.com

Asia/Pacific

TTI Investor Relations – Asia

Jimmy Li

Senior Manager, Investor Relations

Email: jimmy.li@tti.com.hk