12th HKTDC Business of IP Asia Forum opens today

HONG KONG, Dec 1, 2022 – (ACN Newswire) – Jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR), the Hong Kong Trade Development Council (HKTDC) and Hong Kong Design Centre, the 12th Business of IP Asia Forum kicked off today. The first day took place in person at the Hong Kong Convention and Exhibition Centre (HKCEC) with livestreaming available, while the second day will be entirely virtual. Themed "Creating New Value, Discovering New Frontiers", the two-day forum brings together more than 70 global intellectual property (IP) experts and business leaders to discuss the latest trends and opportunities in the Asian IP market.

John Lee, Chief Executive of the HKSAR, delivering opening remarks

Margaret Fong, Executive Director of the Hong Kong Trade Development Council

Daren Tang, Director General of World Intellectual Property Organization (WIPO)(center), shared his insights in the Policy Dialogue "Aspiration to Action: Co-creating a Resilient and Sustainable IP Ecosystem".

John Lee, Chief Executive of Hong Kong Special Administrative Region spoke at the forum's opening ceremony this morning, along with Margaret Fong, Executive Director of the HKTDC; Shen Changyu, Commissioner at the China National Intellectual Property Administration; and Daren Tang, Director General of World Intellectual Property Organization (WIPO).

In her welcome, HKTDC Executive Director Margaret Fong remarked: "In the past 12 years, our Forum has become a leading platform for IP professionals and business leaders from around the world to exchange insights, make connections and explore opportunities. It also underpins Hong Kong's status as a regional IP trading hub. With its strong IP protection regime, efficient IP commercialisation, deep and liquid capital market and sound judicial system, Hong Kong is uniquely placed to foster a vigorous IP ecosystem in the Greater Bay Area, the rest of Mainland China and Asia at large."

Addressing participants at the opening session, John Lee said: "Our country's National 14th Five-year Plan firmly supports Hong Kong's rise as a regional IP trading centre. It's one of the eight important sectors to drive our future development, and to lead the way in – for China and for the Asian region as a whole. To strengthen IP rights' protection, the Hong Kong SAR Government will work to implement the international trade mark registration system. We'll also update our copyright regime to boost digital copyright protection."

In his opening address, Shen Changyu, added: "The China National Intellectual Property Administration supports the development of the intellectual property business in Hong Kong and the whole Guangdong-Hong Kong-Macao Greater Bay Area (GBA). We will help Hong Kong develop its patent system, streamlining patent examination, staff training and information-system development. Hong Kong is expected to rapidly develop into a regional intellectual-property trading centre. This will provide an optimised business environment for industry players, actively integrating the city into the nation's development and contributing to a robust IP industry."

Discussions on the first day began with the Policy, with welcome remarks delivered by Algernon Yau, JP, HKSAR Secretary of Commerce and Economic Development; IP experts Daren Tang, Director General of WIPO; Anthony Taubman, Director of the Intellectual Property Division at the World Trade Organization (WTO); Rowel S. Barba, Chairman of the Association of Southeast Nations (ASEAN) Working Group on Intellectual Property Cooperation; Kyo-sook Choi, Chair of Intellectual Property Rights Experts Group at Asia-Pacific Economic Cooperation (APEC); and Antonio Campinos, President of the European Patent Office exchanged views on how to coordinate global efforts to build a sustainable IP ecosystem.

Daren Tang said: "Intangible assets will play a growing role in the economic growth of Mainland China, Hong Kong and the world. We anticipate that an increasing number of Hong Kong-listed companies will derive the majority of their value from intangible assets. In addition, intangible asset finance is rising on policy agendas as governments and businesses use intellectual property as a financial asset. As growth and trade in intangible assets surge around the world, creating new patterns of commerce and exchange, they will open up a wealth of opportunities for Hong Kong. The city and the Greater Bay Area are well-positioned to be key centres of an increasingly intangible asset-driven global economy."

The sessions on the first day covered a myriad of IP-related topics. The plenary session shed light on the effective implementation of IP strategies for business expansion. Another session, the Global Tech Summit, focused on the industrial metaverse with leaders from various industries sharing their insights on the ways in which technology can propel reindustrialisation in Hong Kong. Meanwhile, other trending topics discussed included Patent Application Grant (PAG), dispute resolution mechanisms over domain names, precautions that need to be taken to protect online media IP, regulation frameworks and the metaverse ecosystem, and business collaboration efforts with Key Opinion Leaders (KOLs). Co-organised by the Guangdong Administration for Market Regulation (Guangdong Intellectual Property Administration), the GBA IP Development and Market Update session introduced new opportunities for technological innovation and IP in order to encourage more overseas enterprises to tap into the China market.

IPHatch Asia was hosted by Jason Loh, Founder and CEO of Piece Future. In his opening speech, Jason Loh analysed the role of IP and business networks in helping deep tech startups to jumpstart and scale up. He also shared the strategic reasons for hosting IPHatch Asia edition in Hong Kong, showing great confidence in the vibrant Hong Kong's startup ecosystem. The session invited past winners to discuss the importance of IP in their business development, share their entrepreneurial journey and give tips for staying ahead of the industry competition.

HKTDC and The Chinese Manufacturers' Association of Hong Kong signed a Memorandum of Understanding (MoU) at the Forum, pledging deeper cooperation on technology commercialization.

Innovation & IP Market: Smart Manufacturing and Building

For the first time at the Forum, the HKTDC co-organised the Innovation & IP Market with the Hong Kong Productivity Council (HKPC) to enhance IP commercialisation and facilitate industry exchange. The event brought together universities, R&D centres, start-ups, IP users and service providers to network and explore collaboration opportunities. The Inno Showcase provided a platform for IP owners to display their innovations. At the Open Stage, IP owners promoted their latest innovations and research results, while business advice was offered at the Tech Consultation Salon.

Meanwhile, an action-packed agenda on day two will see legal representatives, industry leaders from the cultural and creative industries, and IP experts from Hong Kong and the GBA explore the opportunities in the GBA and the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone and share how IP can protect and promote cultural and creative arts development. In addition, participants can take part in a series of IP training courses co-organised by the HKTDC and HKSAR Intellectual Property Department, which will introduce basic concepts of various IP types. These training courses will be a learning opportunity for anyone seeking to understand how they can protect and manage their intellectual property in the digital age.

Also on the second day, the HKTDC, ASEAN Secretariat and HKSAR Intellectual Property Department will organise an online workshop on IP commercialisation in ASEAN. The workshop will bring together representatives from legal departments, research & development (R&D) institutions and enterprises from Hong Kong and ASEAN member states to share their collective experience in the financial and legal systems to facilitate IP commercialisation and technology transfer in a knowledge-based economy.

Business of IP Asia Forum website: https://bipasia.hktdc.com/en/
Photo download: https://bit.ly/3Vo1Z1t

About HKTDC

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

Media enquiries
Please contact Hill+Knowlton Strategies:
Rachel Zhu, Tel: +852 6816 5846, Email: rachel.zhu@hkstrategies.com
Jade Sin, Tel: +852 5646 8944, Email: jade.sin@hkstrategies.com

HKTDC's Communications & Public Affairs Department:
Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org
Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org

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

Yew Lee Posts RM6.1 Million Revenue in 3Q

KUALA LUMPUR, Nov 30, 2022 – (ACN Newswire) – Yew Lee Pacific Group Berhad, a manufacturer of industrial brushes as well as trading of industrial hardware and machinery parts, today announced that the Group recorded revenue of RM6.10 million for the third quarter ended 30 September 2022 (3Q FY2022).

Managing Director of Yew Lee, Mr. Ang Lee Leong

There are no comparisons on a year-over-year basis as the Group was listed on the ACE Market of Bursa Malaysia Securities Berhad on 7 June 2022.

For the quarter under review, Yew Lee reported gross profit of RM2.12 million while registering profit before tax (PBT) of RM0.96 million and profit after tax of RM0.76 million. For the nine-month period ended 30 September 2022 (9M 2022), the Group registered RM24.35 million in revenue while recording a profit before tax of RM0.39 million and a loss after tax of RM0.41 million.

Manufacturing activities contributed RM3.84 million to total revenue while trading activities contributed RM2.27 million in 3Q FY2022.

Managing Director of Yew Lee, Mr. Ang Lee Leong said, "We continue to sustain and generate profit from our operations. It is worth noting that stripping the one-off listing expenses of RM2.70 million, the Group would have reported a 9M 2022 PBT of RM3.0 million.

"The Group's immediate plans is to reduce its dependency on the rubber glove industry by seeking opportunities in the semiconductor, timber, glass and agriculture industries. We are encouraged by the political stability from the appointment of a new Prime Minister, and we hope that the new government will be supportive of the economy with sound policies and measures."

"Besides diversifying our customer base, which will take time, the Group is also improving its manufacturing efficiency and automating manufacturing processes by acquiring additional automated machinery and equipment to support the long-term growth of the business. We are also expanding the trading of industrial hardware and machinery parts especially in the central and southern regions of Peninsular Malaysia and, expanding to more markets overseas."

The Group's overseas markets include Thailand, Vietnam, Indonesia and Taiwan, which contributed about a quarter to total revenue in the financial year ended 31 December 2021.

Yew Lee Pacific Group Bhd: 0248 [BURSA: YEWLEE], https://yewlee.com.my/

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

‘Balance Beyond the Boom’ – HKTDC Entrepreneur Day helps start-ups prepare for the post-pandemic landscape

HONG KONG, Nov 30, 2022 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) announces the launch of Entrepreneur Day, a three-day (30 November to 2 December) event with the theme of 'Balance Beyond the Boom'. Packed with a hybrid mix of online and physical seminars and exhibitions, the event explores a diverse range of developments in the global entrepreneurial ecosystem. Through forums, exhibitions, workshops, and networking events in the "Start-up Arena", industry leaders, experts, start-ups and participants learn how to achieve business success in the post-pandemic world. The first-ever "Start-up Express International" will also be held on 1 December bringing together local and international start-ups to exchange views and share experience, as well as encourage overseas expansion.

Organised by HKTDC, Entrepreneur Day began today. Margaret Fong, Executive Director of the HKTDC, delivered the welcoming remarks.

During the seminar, "T-Chat – Global VC Investment: Rise or Fall", Eric Manlunas, Founder & Managing Partner of Wavemaker Partners, Duncan Chiu, Council Member (Technology and Innovation) of HKSAR Legislative Council, and Karena Belin, Co-founder of AngelHub & WHub, provided their outlook for the global venture capital market next year.

The "Start-up Zone" and "The Boosters" showcased over 30 start-ups and start-up supporting companies.

Welcoming participants to the event, Margaret Fong, Executive Director of the HKTDC, said: "We are delighted to host Entrepreneur Day in hybrid format for the first time. The pandemic has caused considerable disruption to market economies across the world. It has also hit entrepreneurs hard. Yet, I am encouraged by the new and emerging opportunities entrepreneurs are seizing, including in the digital economy. Indeed, entrepreneurs are the heartbeat of our global economy. Just like the pandemic, they disrupt the status quo. They challenge convention to enable progress. They accelerate innovation and economic growth across the globe."

"Under the theme 'Balance Beyond the Boom', we will explore the trajectory of the global start-up ecosystem since the start-up boom and help start-ups gain a foothold in key markets, especially the Guangdong-Hong Kong-Macao Greater Bay Area and Regional Comprehensive Economic Partnership. To celebrate the Start-up Express's 5th anniversary, we will launch its international series on Entrepreneur Day, when outstanding overseas early-stage start-ups will be invited to share the stage with Start-up Express winners."

Charting the way forward with advice from experts

Entrepreneur Day featured several seminars beginning with "T-Chat – Global VC Investment: Rise or Fall?". According to data from Dealroom, venture capital firms invested more than $675 billion in start-ups worldwide in 2021 or double the amount from the previous year. However, global capital markets have seen heightened volatility this year despite the fading impact of the COVID-19 pandemic. Eric Manlunas, Founder & Managing Partner of Wavemaker Partners, Duncan Chiu, Council Member (Technology and Innovation) of HKSAR Legislative Council, and Karena Belin, Co-founder of AngelHub & WHub, reviewed their investments in 2022 and shared their outlook for the global venture capital market next year. They also offered advice on how entrepreneurs can better equip themselves to raise funds in a potentially difficult environment.

Eric Manlunas said: "Despite the uncertainties of the current macro environment, global venture capital is here to stay, given the social utility it provides. Venture capital is a strong catalyst for innovation and business formation, thus its purpose is more compelling than ever [before], in spite of the current macroeconomic challenges".

Duncan Chiu said: "Keep tracking talents. Talents attract talents. Fintech is not just [about] technologies, but still has to comply with international regulations".

In a fast-changing world, start-ups need to be able to adapt to a dynamic environment while still being cautious about funding. The "Capture Funds at Critical Times" workshop featured Mingles Tsoi, Chief eXploration Officer of ParticleX, who has guided local and international technology start-ups through the challenges of fundraising, and Brian Tsui, Co-Founder of the Chicago Booth Angels Network, who shared their personal experience and advise to start-ups on their fundraising strategies and planning.

Enhancing customer experience with NFTs to create business opportunities

With non-fungible tokens (NFTs) becoming the talk of the town, Lucas Cheung, Managing Partner of leading Asian brand technology firm Gusto Collective, and Nick Lau, founder of digital luxury Web3 platform WEAR, shared their insights on the application of NFTs in the entertainment and fashion space. Cheung discussed how his company has enhanced brand value and opened doors to new opportunities through immersive customer experiences. Lau shared how WEAR has integrated physical products with digital collectibles and the company's successful collaborations with world-renowned brands.

Propelling re-industrialization of Hong Kong – the springboard to the GBA

With a mature ecosystem for start-ups to thrive in, Hong Kong is well-known for its business-friendly environment and for incubating outstanding enterprises. In the panel discussion "Entrepreneurship in HK – Scaling up through Hong Kong", previous winners of the Start-up Express competition shared their experience of starting a business in the city. The panel discussion involved Justin Chan, CEO & Co-Founder of Gense Technologies, KK Chiu, Co-Founder & CEO of Zeek, and Mazing Lee, Co-Founder & CEO of Lify Company Limited.

The 12th World SME Summit, co-organised by the Hong Kong General Chamber of Small and Medium Businesses, celebrated the 25th anniversary of the establishment of the Hong Kong Special Administrative Region and aimed to facilitate re-industrialisation in Hong Kong. The summit had the theme of "Achieving re-industrialisation through innovation in the new era" with discussions considering ways to expedite Hong Kong's re-industrialisation efforts. In the session, Herbert Chia, Venture Partner of Sequoia Capital China, pinpointed the benefits of applying innovative technology from an investor's perspective.

Turning waste into gold for a circular economy

With investors increasingly looking to support the recycling sector, Shrikanth Narasimha, Director of Sustainability and Supply Chain, Far East, Mainetti (HK) Limited, detailed the development of closed-loop recycling of plastic materials and the use of blockchain in the recycling process. Meanwhile, Rachel Barr, Vice President of Sustainability from the Israeli start-up UBQ Materials, shared the firm's work to transform domestic waste into plastic products in collaboration with Mainetti (HK), while Ricci Wong, Founder and CEO of social enterprise HK Timberbank, explained how his start-up helps sort, cut, and dry damaged trees, recycling them into commercial timber and furniture.

Exhibiting innovations from emerging industries

The Entrepreneur Day exhibition also gathered more than 130 start-ups showcasing innovative products and technology as well as support services for the start-up ecosystem. The exhibition helped participants find business opportunities, secure professional advice and connect with potential business partners. The "Start-up Zone" showcased start-ups from a wide array of industry verticals ranging from medical and biotechnology products, green and food technology, to fintech and edtech. "The Boosters" featured organisations and government bodies supporting start-ups with the latest market insights and consulting services.

Start-up Express International – Fostering connections between local and global start-ups

To mark the 5th anniversary of "Start-up Express", a start-up incubation programme, the HKTDC will launch "Start-up Express International" tomorrow during Entrepreneur Day 2022 where ten international start-ups from countries including Belgium, Mainland China, Germany, Italy, Japan, Singapore, South Korea, Turkey, the United Kingdom and the United States with diverse technology backgrounds like health, education, smart cities, and agriculture, to blockchain, robo-technology, and marketing, will share their experiences together with the local winners of Start-up Express.

The HKTDC selected 30 international start-ups before choosing the final ten. Among those 30 international firms, many of which have won awards in the Mainland and overseas, are InxMed, a biotech company in Mainland China working on developing innovative therapies for tumour resistance and metastasis; inConAlert, a German healthtech company offering a wearable medical sensor; Mobbi, an Italian technology start-up that introduced the world's first portable power bank rental app; and SynCom Agritech, a Japanese agritech start-up. They all hope to contribute to solving livelihood, social and environmental problems through innovative business ideas and new technology.

The top 10 winners of the competition were: inContAlert from Germany, Contents.com from Italy, Closer Inc. from Japan, VegeSense; KnowCarbon; InxMed from Mainland China, OTECH (Otsuka Technology) from Singapore, AON from South Korea, MOBIQU from Turkey, and rThreat from the United States. The winning start-ups will gain access to marketing and technical support, as well as consulting services and concessionary rents by HKTDC, helping them set up a business presence in Hong Kong.

rThreat, one of the winning start-ups, said: "We would like to thank HKTDC for arranging Start-up Express International as it has allowed us a chance to learn from our peers from around the globe, establish business relationships and explore potential business partners."

The judging panel for Start-up Express International this year comprised Fred Li, Executive Director at Gobi Partners, Francis Pun, Promotions and Community Development Lead at Hong Kong Science and Technology Parks Corporation, and Clara Hong, Senior Manager of Ecosystem Development at Hong Kong Cyberport Management Company Limited.

Alongside Entrepreneur Day, the Business Intellectual Property of Asia Forum will be held from tomorrow to 2 December, serving as an ideal platform for global IP experts and business leaders to investigate the latest trends in the Asian IP market and look for opportunities.

Exhibition and Forum Website
– Entrepreneur Day: https://eday.hktdc.com/conference/eday/en
– Start-up Express International: https://portal.hktdc.com/startupexpress/en/s/start-up-express-international
– Photo download: https://bit.ly/3VI4VGh

About HKTDC

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

Media enquiries
Please contact Hill+Knowlton Strategies:
Joyce Kwong, Tel: +852 6842 5929, Email: joyce.kwong@hkstrategies.com
Nannerl Yau, Tel: +852 6846 7888, Email: nannerl.yau@hkstrategies.com

HKTDC's Communications & Public Affairs Department:
Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org
Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org

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

Palladium One Reports 10.4% Nickel, 3.4% Copper over 2.3 Meters and Adds Second Drill Rig at The Tyko Project, Canada

TORONTO, ONTARIO , Nov 29, 2022 – (ACN Newswire) – Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to report the highest-grade drillhole intercept to date on the Tyko Property, from the West Pickle massive sulphide discovery in Ontario, Canada. The Tyko Property hosts nickel, copper and cobalt, each of which has been designated a Critical Mineral.

Figure 1. Massive pentlandite-pyrrhotite-chalcopyrite sulphide intersection in hole TK-22-070 from 165.4 to 167.1 meters down hole. Wall rock is tonalite breccia.

Figure 2. Tyko Property map showing various mineralized zones and multi-line VTEM anomalies, background is Calculated Vertical Gradient Magnetics ("CVG").

Figure 3. Plan map of the West Pickle and RJ zones with airborne EM and ground EM maxwell plates showing Chonolith structures "Feeder Dykes" with Calculated Vertical Gradient Magnetics ("CVG") as the background.

Figure 4. Long section looking north perpendicular to the interpreted chonolith structure linking the West Pickle and RJ zones, showing potential for massive sulphide mineralization beyond the depth detectable by the 2021 VTEM airborne survey.

Figure 5. Long section looking south of the West Pickle Zone.

Table 1: Assay Results: Tyko 2022 Drill Results from the new West Pickle Zone

Highlights
– Assay results:
— 3.1% Nickel Equivalent ("Ni Eq") over 10.1 meters (2.5% Ni, 1.0% Cu, 0.03% Co, 0.26 g/t Total Precious Metals ("TPM") (Pt+Pd+Au)) in massive and disseminated sulphide in hole TK-22-070
— Including 12.8% Ni Eq over 2.3 metres (10.4% Ni, 3.4% Cu, 0.14% Co, 0.92 g/t TPM)
— Including 15.0% Ni Eq over 0.9 metres (12.9% Ni, 2.7% Cu, 0.16% Co, 1.05 g/t TPM)
– Drilling has resumed on West Pickle and a second drill rig has been added
– West Pickle closely resembles the extremely high-grade Smoke Lake Zone located 20 kilometers to the east which has returned up to:
— 10.2% Ni Eq over 3.8 meters (8.1% Ni, 2.9% Cu, 0.1% Co, 0.61g/t Pd, 0.71g/t Pt, and 0.02g/t Au) in hole TK-20-023) (see news release January 19, 2021)
– West Pickle is interpreted to be an extension of the historic RJ showing located 2.7 kilometres to the east which retuned up to:
— 1.04 % Ni and 0.23% Cu over 16.2 meters in hole TK-16-002 (see press release June 8, 2016)
– The Tyko Project represents a major new Nickel District which hosts five known nickel sulphide zones along a 20-kilometer trend and several yet to be tested Versatile Time Domain Electromagnetic ("VTEM") anomalies

President and CEO, Derrick Weyrauch commented, "With assays of up to 12.8% nickel equivalent over 2.3 meters (Table 1, Figure 1), drillhole TK-22-070's nickel grades exceed those of our 2020 award-winning Smoke Lake Discovery located 20 kilometers to the east. These are truly spectacular grades over minable widths. Given the spectacular grades we added a second drill rig in November to also focus on West Pickle."

The West Pickle discovery occurs on the Pezim II claim block of the larger Tyko Project (seen new release July 27, 2022). To date a total of 20 holes, totalling 4,604 meters have been drilled in the vicinity of the West Pickle Discovery. Two drill rigs guided by a recent borehole electromagnetic ("BHEM") survey are now focused on infilling and expanding the West Pickle massive sulphide mineralization. At present, West Pickle mineralization has been defined over more than 500 meters of strike length (Figure 3 and 5).

Figure 1. Massive pentlandite-pyrrhotite-chalcopyrite sulphide intersection in hole TK-22-070 from 165.4 to 167.1 meters down hole. Wall rock is tonalite breccia.
https://images.newsfilecorp.com/files/6502/145981_c18793ff04296961_001full.jpg

Figure 2. Tyko Property map showing various mineralized zones and multi-line VTEM anomalies, background is Calculated Vertical Gradient Magnetics ("CVG").
https://images.newsfilecorp.com/files/6502/145981_c18793ff04296961_002full.jpg

Figure 3. Plan map of the West Pickle and RJ zones with airborne EM and ground EM maxwell plates showing Chonolith structures "Feeder Dykes" with Calculated Vertical Gradient Magnetics ("CVG") as the background.
https://images.newsfilecorp.com/files/6502/145981_c18793ff04296961_003full.jpg

Figure 4. Long section looking north perpendicular to the interpreted chonolith structure linking the West Pickle and RJ zones, showing potential for massive sulphide mineralization beyond the depth detectable by the 2021 VTEM airborne survey.
https://images.newsfilecorp.com/files/6502/145981_c18793ff04296961_004full.jpg

Figure 5. Long section looking south of the West Pickle Zone.
https://images.newsfilecorp.com/files/6502/145981_c18793ff04296961_005full.jpg

Table 1: Assay Results: Tyko 2022 Drill Results from the new West Pickle Zone
https://www.acnnewswire.com/topimg/Low_Palladium20221129-6.jpg

(1) Reported widths are "drilled widths" not true widths.
(2) Italicised grey shaded values are previously reported (see news release October 4, 2022 and November 21, 2022)
(3) * Ni_Equivalent is calculated for comparison purposes using, $8.5lb nickel, $4.25lb copper, $25/lb cobalt, $1,700/oz palladium, $1,100/oz platinum, $1,800/oz gold as per Palladium One's May 2022 NI 43-101 report on the LK Project (see news release April 25, 2022) and assumes 100% recovery rates of sulphides into concentrate.

*Nickel Equivalent ("NiEq")
Nickel equivalent is calculated using US$1,700 per ounce for palladium, US$1,100 per ounce for platinum, US$1,800 per ounce for gold, US$4.25 per pound for copper, US$8.50 per pound for nickel and US$25 per pound for Cobalt. This calculation is consistent with the commodity prices used in the Company's September 2022 NI 43-101 LK resource estimate (see news release April 25, 2022) and assumes 100% recovery rates of sulphides to concentrate.

About Tyko Copper-Nickel-Cobalt Project

The Tyko Copper-Nickel-Cobalt Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is an early stage, high sulphide tenor, nickel-copper (2:1 ratio) project.

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About Palladium One

Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

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

Hektar REIT’s ESG Commitment Rewarded with Two Awards

KUALA LUMPUR, Nov 29, 2022 – (ACN Newswire) – Hektar Asset Management Sdn Bhd, the Manager of Hektar Real Estate Investment Trust (Hektar REIT), Malaysia's first retail-focused REIT, is pleased to announce that Hektar REIT is the proud recipient of two Silver awards at the inaugural of The Edge Malaysia ESG Awards 2022: Most Improved Performance Award Over Three Years (for Market Cap below RM300M) and Property & REIT Sector Award.

Muhammad Bakhtiar Ul Haq, Assistant Manager, IR, ESG & Special Projects of Hektar Asset Management; Mohd Zaharim bin Mohd Yatim, Senior Manager, Special Projects of Hektar Property Services; Syairul Irwan Rased, Assistant GM, Business Strategy, Martin Chen, GM, Legal, Zarina Halim, CCO, Johari Shukri bin Jamil, CEO and Lim Kek Siang, Senior GM, Finance of Hektar Asset Management and Sanggat Singh, Senior Manager, Group Facilities Management of Hektar Property Services [L-R]

The Edge Malaysia editor-in-chief Kathy Fong; Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift; Johari Shukri bin Jamil, Chief Executive Officer of Hektar Asset Management Sdn Bhd; Helena Fung, the head of sustainable investment for Asia-Pacific at FTSE Russell; and Datuk Ho Kay Tat, the publisher and group CEO of The Edge Media Group [L-R]

The awards seek to recognise and honour Malaysian companies for their commitment to developing and enhancing their business operations according to the Environmental, Social and Governance (ESG) principles. The award ceremony was held at a gala dinner at the Sunway Resort Hotel on 28 November 2022.

The Edge Malaysia ESG Awards 2022 comprised two categories – the Equity Awards and the Fund Awards. The Equity Awards were organised in collaboration with Bursa Malaysia and FTSE Russell and the Fund Awards were in collaboration with the Securities Commission and Morningstar. These awards were aimed at promoting ESG adoption and leadership amongst industry leaders and professionals by recognising their contributions and successes. Hektar REIT qualified under the category of Equity Awards, whereby a company must be listed on Bursa Malaysia and be a constituent of the FTSE Bursa Malaysia EMAS index as of June 2022.

En. Johari Shukri bin Jamil, Chief Executive Officer of Hektar Asset Management Sdn. Bhd. (Hektar Asset Management), the Manager of Hektar REIT said: "We are honoured to be conferred with these prestigious awards, a testament and recognition of our efforts in driving Sustainability initiatives since we embarked on the core focus on its three pillars of E, S and G across the organisation in 2017. Our commitment to ESG principles is long-term, as we recognise that all of us have a responsibility to our stakeholders. We remain committed to further advancing our efforts in managing material sustainability matters in the area of environmental conservation, including climate change mitigation and adaptation, water & waste management, and managing energy consumption, including incorporating renewable energy in our energy mix." En Johari emphasised that the company will continue to ensure that its initiatives are in accordance with the company's corporate social responsibility (CSR), industry best practices and investors' expectations. Over the years, Hektar REIT has joined hands through many partnerships and collaborations with local and international organisations, providing support to NGOs' and charity programs to support underprivileged and marginalised communities besides advancing and empowering women to improve their financial independence for the benefit of families.

"We recognise the need for responsible sourcing and are working closely with external parties, such as our tenants and vendors, to reduce our carbon footprint across the value chain. An example is the recently introduced Reverse Vending Machine (RVM) to recycle plastic bottles and cans at Subang Parade as a pilot project to play our role and reward our loyal patrons with vouchers for redemption for their continued commitment to becoming a part of a responsible society. We will also continue integrating ESG into all aspects of our business, from financial management to operations and future planning to deliver resilient and sustainable long-term value for our stakeholders."

In June 2022 FTSE Russell evaluation, Hektar REIT was upgraded from a 3-star to a 4-star ESG rating on the FTSE4Good Bursa Malaysia Index (F4GBMI). Based on the F4GBMI evaluation of the results, Hektar REIT is inspired and encouraged to continue its efforts to improve initiatives in all three core areas of Environmental, Social & Governance and embed these core principles into its business DNA.

Hektar REIT: http://www.hektarreit.com/

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

Genetec’s Q2FY2023 Performance Remains on Track

BANGI, Malaysia, Nov 29, 2022 – (ACN Newswire) – Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced their quarterly performance to date for their second financial quarter for the financial year ended 31 March 2023 (Q2FY2023). The Company recorded a surge in its profit after tax (PAT) of RM25.7 million representing a 57.7% jump compared to RM16.3 million registered for the corresponding quarter of the preceding year due to higher revenue and managed cost.

Genetec registered RM28.0 million in profit before tax (PBT) for the quarter under review, which is 59.1% higher than the PBT of RM17.6 million recorded for Q2FY2022 while revenue of RM70.7 million is 19.2% higher than the RM59.3 million posted in Q2FY2022. Earnings per share stood at 3.59 sen (fully diluted) in the same quarter compared to EPS of 2.33 sen in the corresponding quarter.

Genetec highlighted, "On the macro level, 2022 continues to be an exciting year. We have been building on our momentum and diversifying our portfolio in electric vehicle (EV) and energy storage segments. These efforts are yielding results which will come through in the coming quarters. All segments in our portfolio continue to grow with segment contributions remaining consistent with the preceding quarter. Genetec remains focused to build on and deepen our share-of-wallet with existing clients. Efficiency, quality and flexibility continue to be key whilst we actively participate in new bids to expand our client list. With the additional 100,000 square feet (sf) floor space, we are adding capacity to cater to our growing pipeline."

Their recent exclusive collaboration with diversified infrastructure and energy conglomerate, Citaglobal Berhad will see Genetec supplying end-to-end battery energy storage management systems (BESS) solutions to designated project sites in different states across Malaysia over a multi-year period. The Company's role covers research and development, design and build and on-site installation and maintenance.

"Looking ahead, the world's efforts to halve its carbon footprint by 2030 and achieve its net zero carbon target by 2050 will drive energy convergence and investments in renewable energy (RE) technology. New energy storage capacity is expected to be added globally between 2022 and 2030 as companies and countries transition towards clean or RE. Expectations are for RE to provide 65% of the world's total electricity supply by 2030, with a massive 90% decarbonisation of the power sector by 2050[1]. By the end of the decade, United States and China are expected to continue to be the two biggest markets, accounting for more than half of all RE storage installations worldwide[2]. On the EV sector, we will continue to expand our performance and increase our capacity to achieve new heights", highlighted Genetec.

About Genetec Technology Berhad

Genetec Technology Berhad is a technology leader in providing customised full turnkey smart factory automation manufacturing lines. It is a public company listed on the ACE Market of Bursa Malaysia Securities Berhad (Stock code: 0104) since 2005. Its principal business focus is in the provision of high-quality, responsive and cost-effective designs, as well as the manufacturing of automated industrial systems, equipment and value-added services for our global customers in the Electric Vehicle (EV), Automotive, Hard Disk Drive (HDD), Consumer Goods and Healthcare sectors. For more information on Genetec, please visit www.genetec.net.

[1] Source: Energy Outlook 2023, United Nations https://www.un.org/en/climatechange/raising-ambition/renewable-energy
[2] Source: Global Energy Storage Market to Grow 15-Fold by 2030. https://tinyurl.com/mw6tzuk6

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

Queensland Gold Hills Announces Acquisition of Mia Lithium Project in Quebec Hosting 8km Spodumene-Pegmatite Trend and Concurrent Private Placement Financing

Vancouver, BC, Nov 28, 2022 – (ACN Newswire) – Queensland Gold Hills Corp. (TSXV: OZAU) (OTCQB: MNNFF) ("Queensland Gold" or the "Company") is pleased to announce that it has entered into an agreement with an effective date of November 21, 2022 (the "Purchase Agreement") with 9219-8845 QC Inc., a private Quebec company dba Canadian Mining House ("CMH") and certain investors in CMH ("CMH Nominees") to acquire a 100% interest in the 86 square kilometre Mia Lithium Property (the "Property") in the James Bay area of Quebec, Canada (the "Acquisition").

Figure 1 – Mia Lithium Property Regional Location

Figure 2 – Mia Lithium Property

President & CEO Alicia Milne states, "Our entry into the lithium space represents a new value creation opportunity for our shareholders. Quebec is a top global mining jurisdiction and the James Bay region is a highly attractive investment destination for lithium exploration due to its prolific hard rock lithium endowment. We are looking forward to revealing the enormous potential we see in the Mia project."

About the Mia Lithium Property

The Mia Property is comprised of 170 mineral claims, located 62 km East of Wemindji Community in the Eeyou Itschee Territory, James Bay, Quebec. The lithium mineral showings are located approximately 10 kilometres from the nearest highway.

The Property geology is part of the Yasinski Lake area, identified by narrow greenstone belt slivers, belonging to volcanic rocks and related sediment the Yasinski Group and pierced by syn-tectonic tonalite and granodiorite suite. The Property is situated in the western extremity of this geological area, covering various lithologies and favourable structures, known to host spodumene bearing pegmatites. The southern half of the Property covers a northeast limb of the Vieux Comptoir granite and a concordant intrusive body described as a spodumene granite on SIGEOM, the Quebec provincial government's geomining information system: https://sigeom.mines.gouv.qc.ca/signet/classes/I1108_afchCarteIntr.

Historical work by Main Exploration Company Ltd. in 1959 (GM10200) reported several spodumene-bearing pegmatites on the Property and mapped an 8.3 km trend of discontinuous pegmatite intrusions. SIGEOM lists nine metallic deposits directly on the Mia Lithium property including two for lithium, namely Mia Li-1 and Mia Li-2. Carte 1879 is listed as a spodumene mineral deposit as no assays were recorded for it.

The westernmost mineral showings Mia-Li1 and Mia-Li2 were sampled in 1997 by Quebec government geologists and assays returned grades of 0.47% Li2O and 2.27% Li2O respectively. Numerous pegmatite intrusions have been recorded along the 8.3 km long trend but were never followed up for their lithium potential. The 1959 report also details that the pegmatite dykes are as much as 100 feet (30.5 metres) in width and are commonly zoned, with spodumene crystals described as being as much as 2 feet (0.61 metres) in length.

Acquisition Terms:

Subject to TSX Venture Exchange (the "TSXV") acceptance, pursuant to the terms of the Purchase Agreement, the Company will acquire the Property from CMH for total consideration of an aggregate of 13,000,000 common shares of the Company (the "Consideration Shares"), $500,000 (the "Cash Consideration") and $1,000,000 in exploration expenditures as follows:

– 6,500,000 Consideration Shares and $200,000 within 3 days of TSXV acceptance of the Acquisition (the "Effective Date");
– 6,500,000 Consideration Shares and $150,000 on the six-month anniversary of Effective Date; and
– Incur $1,000,000 in exploration expenditures on the Property and $150,000 on the one-year anniversary of the Effective Date (the "Closing Date").

The Company will earn a 100% interest in the Property on the Closing Date.

CMH has directed that a portion of the Acquisition Shares and Cash Consideration be issued and paid to the CMH Nominees.

CMH will retain up to a maximum of a 3% net smelter returns royalty, of which up to 1% can be repurchased by the Company at any time prior to commercial production for $1,000,000. No finder's fee is payable in connection with the Acquisition. The Property is subject to an existing 2% net smelter returns royalty granted by CMH (as assignee) in favour of Franco-Nevada Corporation on certain minerals claims forming a part of the Property as well as an existing 2% net smelter returns royalty granted by CMH in favour of Eastmain Resources Inc. on certain mineral claims forming part of the Property. On the Closing Date, the Company will assume the obligations under these existing royalties.

The Acquisition remains subject to TSXV acceptance.

Private Placement

Queensland will be conducting a non-brokered private placement of up to 12,500,000 units (each, a "Unit") at a price of $0.10 per Unit for gross proceeds of up to $1,250,000 (the "Offering"). Each Unit will consist of one common share of the Company (each, a "Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant exercisable into one additional Share at a price of $0.25 for two years after the date of issuance. Closing of the Offering is subject to the acceptance of the TSXV. The Company intends to use the proceeds of the Offering to commence a comprehensive review of all historical data related to the Mia Lithium Property in preparation for a field exploration campaign and for general working capital.

All securities to be issued under the Offering will be subject to a statutory hold period expiring four months and one day from the date of issuance. The Company anticipates that the majority of the subscriptions will be from arm's length parties, although insiders may participate in the Offering. The Company may pay finders' fees on the Offering, as permitted by applicable securities.

QP Disclosure

Neil McCallum, B.Sc., P.Geo., of Dahrouge Geological Consulting Ltd., a registered permit holder with the Ordre des Geologues du Quebec and Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, supervised the preparation of the technical information in this news release.

About Queensland

Queensland Gold Hills is mineral exploration company currently advancing exploration of two gold projects located in the historic goldfields of Queensland, Australia: the Big Hill Gold Project and the Titan Project which collectively cover 110 square kilometers in the Talgai Goldfields of the broader Warwick-Texas District and host 54 high-grade historical gold mines.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne
President & CEO
amilne@queenslandgoldhills.com

Kevin Bottomley
Director
kbottomley@queenslandgoldhills.com

Telephone: 1 (800) 482-7560
E-mail: info@queenslandgoldhills.com
Twitter: @QLDGoldhills

Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company's properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at www.sedar.com.

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

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

Kitchen Culture Says 5 Directors Will Remain on its Board as Purported EGM Held Last Friday Is Invalid; Asks Requisitioners to Put Matters Before Singapore Court

SINGAPORE, Nov 28, 2022 – (ACN Newswire) – Kitchen Culture Holdings Ltd. ("Kitchen Culture" or the "Company") said today that 5 directors that requisitioners sought to replace through a purported Extraordinary General Meeting last Friday ("Purported EGM") will remain. Instead, the Company deems the meeting and resolutions purportedly passed to be invalid, and has asked the requisitioners to put the matter before the Singapore Court.

Responding to a press release issued on 25 November 2022 on ACN Newswire by the 8 requisitioners, Kitchen Culture said it had written the same day to lawyers for the latter asking for key information. As at 12 noon today, the requisitioners' lawyers had yet to send documentation such as executed proxy forms, list of attendees, who chaired the meeting purportedly held electronically at 9.00 am last Friday, and the breakdown of votes and questions raised or answered at the meeting.

This has prevented the directors from having "… the opportunity to make a proper assessment of the conduct and processes at the so-called meeting, and take professional advice as necessary,' the Company said. Instead, the requisitioners were "… creating and maintaining uncertainty and confusion by claiming success of the 'New Board" through press releases and the media.

The requisitioners appeared to have rushed to issue their 25 November press release "without bothering to inform the Company of such status." Notwithstanding this, the Company has been trying to engage them to ensure that there is clarity of the situation and to avoid further uncertainty and confusion sown by such conduct, Kitchen Culture said.

The Company had announced that the Purported EGM – the second attempt by the requisitioners to remove 5 of 6 existing directors – was invalid as it is in non-compliance with the Companies Act 1967 and breached the Company's Constitution. Instead of giving proper notice, the requisitioners issued a single newspaper advertisement.

Over the past weekend, the Company has received numerous letters of protest and complaints from various shareholders, objecting to the so-called holding of the Purported EGM in spite of its invalidity. "Some shareholders also complained that they did not receive any notice… and were therefore not in a position to consider attending it," the Company said.

The Company, through its lawyers, has written again to lawyers of the requisitioners to invite them to apply to the Court to determine whatever issues from which they differ, with respect to the Company's position.

The Directors (save for, and unlike, Mdm Hao) consider that this is "the most appropriate way to resolve any differences or contentions (and to put to rest the uncertainty and confusion)" as to the validity of the Purported EGM and the resolutions they claim to have been passed, and the eligibility of the persons they claim to have been elected to the office of Director of the Company.

Kitchen Culture said each of the 5 persons named by requisitioners to be members of the new 6-member board were ineligible to be put up for election in the first place as they had failed, neglected or refused to submit important relevant documents on time, even assuming that it was a valid general meeting of the Company.

The 5 persons proposed by the requisitioners are James Beeland Rogers, Jr., Yip Kean Mun, Lam Kwong Fai, Tan Meng Shern and Cheung Wai Mun. The Requisitioners comprise OOWAY Group Ltd. ("OOWAY") – the Company's largest shareholder – and 7 individuals who own an aggregate of 21.71% of the Company's shares.

Kitchen Culture's Board, with the exception of Madam Hao Dongting ("Mdm Hao"), has said that there are no grounds to justify the resignations of the 5 current directors – Mr Lim Wee Li (Executive Director), Mr Lau Kay Heng (Non-Executive Non-Independent Chairman), and 3 Independent Directors, Mr Ang Lian Kiat, Mr William Teo Choon Kow and Mr Peter Lim King Soon.

Mr Lau Kay Heng and Mr Peter Lim King Soon were named as new directors on 15 July 2022, the same day that Mr Lincoln Teo, an OOWAY representative and former Interim CEO of Kitchen Culture, ceased to be Executive Director. The Company stressed that OOWAY had in fact supported the re-appointments of Mr William Teo Choon Kow and Mr Ang Lian Kiat at the Annual General Meeting held on 18 March 2022.

"The Directors of the Company (other than Mdm Hao) urge all shareholders to be wary of and not to be unduly influenced by media statements emanating from or ascribed to OOWAY Group or any of the other 7 Relevant Shareholders or any of the 5 persons who were claimed to have been elected to the "New Board". Shareholders are advised to refer to and compare against announcements and press releases of the Company," Kitchen Culture said.

Kitchen Culture shares have been suspended from trading since July 2021. Its Board has seen several changes since the involvement of OOWAY in October 2020.

Issued by:
Kitchen Culture Holdings Ltd.
9 Raffles Place, #52-02, Republic Plaza
Singapore 048619
Tel: +65 6471 6776, Fax: +65 6472 6776

Media & Investor Contact
Whatsapp (Text): +65 9748 0688
kitchenculture@wer1.net

This press release has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Ms. Lee Khai Yinn (Tel +65 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Kitchen Culture Holdings Ltd. [SGX: 5TI] [BBG: KCH:SP] [RIC: KCHL.SI] https://kcholdings.com.sg

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

Jacobson Pharma Announces FY2023 Interim Results

HONG KONG, Nov 25, 2022 – (ACN Newswire) – Jacobson Pharma Corporation Limited ("Jacobson Pharma" or the "Company"; Stock Code: 2633), a leading company engaged in the research, development, production, marketing and sale of essential medicines, specialty drugs and branded healthcare products, today announced the interim results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 September 2022 (the "Reporting Period").

KEY HIGHLIGHTS
— Revenue grew by 8.9% period-on-period, totaled HK$817.4 million
— Profit for the period up by 77.8%, amounted to HK$147.4 million
— Profit attributable to equity shareholders up by 70.2%, amounted to HK$136.2 million
— Sound financial position with net gearing ratio decreased from 29.2% to 20.8%
— The Board declares an interim dividend of HK2.8 cents per share
— Promising sales growth witnessed on certain key therapeutic lines including cardio-vascular, anti-diabetic as well as cold and flu products.
— Arsenic Trioxide Oral Solution, being the first specialty medicine made in the Group's PIC/S GMP plant alongside robust clinical substantiation, attained approval for use in designated hospitals in the Greater Bay Area

During the Reporting Period, the Group delivered total revenue of HK$817.4 million, which represented a period-on-period growth of 8.9%. Gross profit increased by 24.8% to HK$340.4 million, whilst profit attributable to equity shareholders amounted to HK$136.2 million, up by 70.2%, which was mainly attributed to the uplifted sales revenue, alongside the enhancement in product mix and operating leverage, coupled with the subsidies from the HKSAR Government pertinent to the Employment Support Scheme.

The Group maintains a healthy financial position as supported by its strong cash flows, with adjusted EBITDA of HK$290.5 million for the Reporting Period and the net gearing ratio decreased significantly from 29.2% as at 31 March 2022 to 20.8% as at the end of the Reporting Period. In addition, the Group has a sound cash position, with cash and cash equivalents of HK$860.4 million as at the end of the Reporting Period. The Board declares the payment of an interim dividend for the six months ended 30 September 2022 of HK2.8 cents per share, up by 133.3% as compared to HK1.2 cents of FY2022 Interim.

Robust Portfolio of Essential Medicines to Meet Healthcare Demand
During the reported period, the generic drugs business of the Group demonstrated resilient performance, driven by steady growth in both private and public sectors. Overall growth was benefitted from the easing of social distancing measures which facilitated the resumption of medical consultation visits in both public and private sectors in Hong Kong, thus boosting the demand for essential drugs as well as specialty medicines.

Amid the fifth wave of the epidemic outbreak, the Group geared up its production and supply of symptomatic relief medicines to cater for the increased public demand, which was reflected by the growth of 48.5% in the Group's range of cold and flu preparations in the public sector for the Reporting Period.

In addition, exhibiting a robust trend, medications for the aging population and chronic disease patients continued to present a strong demand. A case in point was that angiotensin II receptor antagonists and lipid-lowering products in the cardiovascular product class recorded a strong growth of 66.4% and 60.0% respectively in the private sector during the Reporting Period.

Steady Product Pipeline and Continuous Efforts in Portfolio Enhancement
As a continuous effort to meet the medical and patient needs with quality essential medicines, the Group launched a number of new products including Atorvastatin Tablet, Trimetazidine Modified Release Tablet, Olmesartan Tablets, Bicalutamide Tablet, Ofloxacin Ear Drop and Idarubicin Injection during the Reporting Period. Additionally, the Group has secured registration approval for 21 new products for upcoming market launches.

As of 30 September 2022, the Group has a total of 177 products in its research and development pipeline, among which 59 items have been approved for registration, 14 of them have been submitted for registration, 48 items have finished the development stage and are under stability preparation or stability study, and 27 items currently under formulation or pre-formulation research development stage.

Making In-roads into the Greater Bay Area
The Group's collaboration with the University of Hong Kong-Shenzhen Hospital in introducing its oral solution treatment for acute promyelocytic leukemia, Arsenic Trioxide Oral Solution, into designated hospitals in the Greater Bay Area has been given approval by Guangdong Province Medical Product Administration. This marked the first Hong Kong-made specialty medicine ever gained approval under the "Interim Regulations on the Administration for Importing Urgently Needed Clinical Drugs and Medical Devices from Hong Kong and Macao to the Guangdong-Hong Kong-Macao Greater Bay Area of Guangdong Province".

Formulation of ESG Strategy and Respective KPIs
As a corporate citizen that places long-term commitment to environmental, social and governance ("ESG") duties, Jacobson Pharma has formulated and progressed on its ESG strategy, "Jacobson 5 to Thrive", which underpins five priority areas, namely, product responsibility, commitment to employees, environmental stewardship, societal engagement and corporate governance duty. In response to such strategy, key performance indicators (KPIs) have been set and will continue to be evaluated from time to time in order to track respective progress on priority issues and programs, including greenhouse gas emissions, water and electricity usage, as well as utilisation of renewable energy.

Mr. Derek Sum, Chairman and Chief Executive Officer of Jacobson Pharma, noted, "Although COVID-19 has had an impact on the Group's business performance, we believe it will be transient. We are delighted that Jacobson Pharma achieved notable growth momentum in the first half of FY2023 amid the volatile economic sentiment. Thanks to the concerted effort of our teams, we delivered a resilient performance across both private and public sectors for our core business demonstrating an enhanced operational efficiency and a disciplined cost control.

"We remain positive about the future outlook of the healthcare industry and the growth prospect of the market for essential medicines. To capitalise on the emerging opportunities, we will continue to focus on advancing the Group's growth strategies and positioning it as an eminent provider of essential medicines and specialty drugs in Hong Kong and the Greater Bay Area."

About Jacobson Pharma Corporation Limited (Stock Code: 2633)
Jacobson Pharma is a leading pharmaceutical company in Hong Kong vertically integrated and engaged in the research, development, production, sale and distribution of essential medicines and specialty drugs. As a major provider of generic drugs in Hong Kong, the Group has one of the most extensive sales and distribution coverage for both the private and public sectors in Hong Kong, with an expanding reach into strategically selected Asian markets. Carrying a broad product portfolio and taking a pre-eminent market position in a number of therapeutic categories, the Group operates a host of 10 PIC/S GMP licensed production facilities for generic drugs in Hong Kong.

The Group aims at the continued strategic enrichment of its generic drug portfolios through the addition of high-value-added products. With its corporate headquarters based in Hong Kong, the Group has also established its operating subsidiaries in China, Macau, Taiwan and Cambodia, forming a regional commercial platform to tap the market potential in the Asia Pacific and Greater China region. Jacobson Pharma has been a constituent stock of MSCI Hong Kong Micro Cap Index since 1 June 2017. For more details about Jacobson Pharma, please visit the Group's website: http://www.jacobsonpharma.com

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

Bintai Kinden Awarded RM39 Million Project from TNB

PETALING JAYA, Malaysia, Nov 25, 2022 – (ACN Newswire) – Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that the Company's wholly-owned subsidiary, Kejuruteraan Bintai Kindenko Sdn Bhd (KBK), has been awarded a project worth RM39.0 million for the installation of a 132kV underground cable double circuit from Tenaga Nasional Berhad (TNB).

En. Azri Azerai, Executive Director of Bintai Kinden

The project's scope of work involves installing a new 132kV XLPE cable system from the PMU Financial Centre to the GDS Data Centre Substation located in Nusajaya, Johor. The new XLPE cable comprises two circuits, and three phases, with one cable of 1600mm2 copper per phase.

KBK, a specialist in M&E engineering services, has 319 days from commencement to complete the project.

En. Azri Azerai, Executive Director of Bintai Kinden said, "The Company continues to make progress in seeking more projects leveraging on its expertise and experience in M&E engineering services including design, installation and commissioning. This latest project award from TNB reflects the opportunities stemming from the growth momentum in the economy."

"We are also committed to growing our range of expertise and are constantly looking to diversify as we transform to become a conglomerate through investing in unique and niche businesses with huge earnings accretive potential."

Past TNB projects in which Bintai Kinden has been involved in include the 132kV Kuchai Lama switching station, 132kV MRT Bukit Serdang switching station, 132kV single-circuit underground cable from PMU Galloway to PMU KLCC2 and, 132kV bulk supply connection to KTMB Sentul feeder station.

Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/

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