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

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

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

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

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

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

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

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


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

Emerge 2020 HR Tech Summit Concluded Successfully

Asia, Jul 9, 2020 – (ACN Newswire) – Yet again Clavent has brought HR leaders across the globe on a single platform to plant a flag on their first-ever virtual event "Emerge2020 HR Tech Summit​" organized on 25-26th June. Amidst the pandemic, Clavent is always ready to Inspire, Interact, and Innovate. Certainly establishing norms of "virtual experience" in current scenarios to assemble HR veterans to speak on divergent topics based on technological advancements to tackle challenging disruptions in the HR domain across various industries.

Meanwhile, Clavent conducted a virtual summit ensuring that they fulfill their purpose of an event to not only get insights from different sessions but also to get acquainted with fellow attendees and acquire skills from each other. Clavent brought under one platform taking charge of all the elements enabling real-time experience such as Networking Lounges, Exhibitor Booths, Polls, Discussions, Q&A to meet and greet fellow attendees.

At Emerge, Clavent predominantly touched upon three themes Innovation & Leadership, Talent Management, and Learning & Well-Being. The day started with the captive hosting that drove the whole event with enthusiasm and bridged the gap between the attendees and the speakers. He initiated the session with the exciting polls. One of the polls that you can answer right now as well "Are you in your Pajamas?" Polls ensured that the audience was heard, engaged, and were updated in real-time.

The summit began with a keynote session by Prithvi Shergill – Chief Business Officer, KPISOFT who talked about "In a crisis: CHROs Step Up to New Challenges". The session was a head turner and the speaker emphasized how to master risk and performance with four evolution stages "React, Respond, Reform & Reimagine" with three indispensable elements Workplace, Workforce, and Work. He also dug deep with the paradoxes in the coronavirus crisis and how to build trust across various projects to celebrate the milestones.

Steve Yong – CAO HR from HSBC, a proven effective change leader with the ability to create and implement various business strategies in complex global organizations emphasized on "Leverage Tech & Analytics to keep a tab on Productivity & Engagement". He spoke about how to be prescriptive in sentiment analysis and pay reviews. Everyone was enthralled about the way he brought HR and Technology in a single discussion and to fulfill personal and organizational goals.

Augustus Azariah, HR Leader from IBM and having 20+ years of experience in the industry and a key driver to bring happiness in the workforce. This was where the third session focussed on "People, Process, Automation". While Clavent again initiated the session with another poll, Augustus spoke about the purpose of being essential. He left the attendees amazed by taking them from changing the talent landscape to the journey of new normal.
The next speaker for Emerge was Komal Singh, Senior HR business partner- India & APAC at InMobi. She has been leading business priorities through people's intervention to drive focus on an enterprise model mindset. She talked about "Building a digital culture". She focused on the reality of the emerging Gig Economy & millennials workforce view. She deep dive into how an ecosystem can drive digital culture.

"Attracting GenZ" was the fourth session of Day 1 by none other than Anil Kumar Mishra, Vice president & Chief People Officer of MagicBricks. Certainly, an engaging session for all the upcoming HR leaders wherein he emphasized on how to attract Genz and how to create an exciting workplace. He also talked about how imperative it is to take care of GenZ career aspirations and how it will drive the organization to the road of success.

Dr. Ankita Singh, Senior VP & Global Head HR at CIGNEX Datamatics who has over 19 years of progressive experience in leading various aspects of HR across various domains of ITES. She talked about "Future of Work" that focused on certain topics like WFH, Gig Economy, tech-driven processes, LMS. She brought certain aspects onto the table like how to rebuild the tour business, people, and trust. How HR can be a copilot to the organization to fulfill objectives.

"Employee Experience = Customer Experience" was the topic of the next session taken by Amit Sharma CHRO from Volvo Group. He drove the session by answering if the above-mentioned terms are understood clearly by the workforce. He also bridged a gap between the two mentioned terms and how happy employees will lead to better customer experience.

Ben Eubanks, Principal Analyst Lighthouse Research & Advisory brought us an interesting topic of this age "Learning in the age of social distancing". He focused on the way to learn new skills powerfully. He also connected neuroscience, formal learning, and to explore informal learning.

Clavent was delighted to kick off day 2 with none other than Bhavya Misra, HR Director PepsiCo. She is richly experienced across a variety of roles in the HR domain in the Retail & FMCG sector. She focused on the "Role of Leadership in maintaining Work-Life Balance". In the current context and the scenario, it becomes indispensable to talk about the lines between work life and personal life. To not only introspect but retrospect what this means and how it impacts the workforce. Is it clock connectivity, expectations on responsiveness coming in the way?

"Science of well being" was the next session by Varadharaju Janardhanan, VP & Head HR [24]7.ai. He emphasized on the mental well being. To elucidate the workforce's mind space and to talk about constraints like Lockdown, Social Distancing, Working Virtually, Shortage of essentials, etc. While he talked about the above-mentioned restrictions brings the fear of the future in the employees that might result in anxiety and how it can be tackled by understanding brain science.

"Networking Break" helped to bring in an opportunity to meet and greet the fellow attendees and get to know each other and make these sessions more meaningful. Moreover, Clavent conducted "Q&A sessions" each day exclusively to bring out a childlike curiosity among every individual.

Manish Behl, Associate VP Center for the future of Work at Cognizant, spoke about "The Future of Work and AI". Manish spoke about AI can be a rocket fuel to drive organizational objectives and harness employee goals. He further talked about how AI is infusing in work culture followed by fantastic questions by curious attendees such as to drive attention from automation, employability and its effect due to COVID19.

Venkatesh Palabatla, Group CHRO Navabharat Ventures Limited shared his views on "Augmented Talent – Harnessing the cognitive capital of people at work". He brought major topics that had major implications on industries that are the Industrial revolution and COVID Crisis. He talked about building Human Capital, the need for a new organizational model that will align with the new business needs and challenges.

Susan Armstrong, Managing Partner- Global Training Transformation spoke about "Designing a Future Proof Learning Strategy". She talked about the need to engage, motivate, and develop leaders and employees. She deep-dived on the global challenges that are faced by an organization in regards to employee performance and mental health. She has also been a part of Learning and development strategies in COVID and talked about how those can be executed successfully.

Saswati Sinha, VP and Head HR-Cheil India ( Samsung Group) talked about "The Power of Collective Intelligence". She explained the real definition of CI and how technology plays a vital role in group intelligence. She also mentioned that technology is changing the way employees were working earlier and how it is bringing a change in the centralized management approach. She focused on how organizations will thrive, loose hierarchies, and embrace democracy.

Abhimanyu Choudhary Chief Business Officer at Xoxoday spoke about "Know your Employee Pulse in the age of Social Distancing". He talked about the challenges that 2020 brought. The uncertainty that calls for managing not only the work but household chores. The challenge for HR is to keep its employees motivated and engaged. He motivated the attendees to come up together and work for the upliftment of the organization overall.

The last session "The Myth of Employee Engagement" was given by Jonas Prasanna, International HR Business Partner. He brought up a few questions regarding the effectiveness of the surveys done across several organizations, and if disengagement is a bad thing? He focused on how rather than talking about an engagement that can be done to drive the culture of a workplace that brings positive results.

In the end, the day concluded with a Q&A session that brought not only questions but different perspectives of each attendee on various aspects of HR domains across industry creating a dynamic and inclusive environment. Clavent brought can't-find-anywhere-else tips from various HR Leaders across industries to be imbibed on your journey as an HR Leader.

Event Website Link – ​https://www.clavent.com/emerge-2020-hr-tech-summit/
For more information drop an email at contact@clavent.com

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

Frost & Sullivan Honors Leading Organizations in Asia-Pacific in an Inaugural Virtual Ceremony for the 2020 Asia-Pacific Best Practices Awards

SINGAPORE, Jul 8, 2020 – (ACN Newswire) – Frost & Sullivan honored Asia-Pacific's leading companies at the 18th annual Asia-Pacific Best Practices Awards on 8 July in an inaugural virtual awards ceremony. A total of 15 awards were presented to organizations for elevating performance benchmarks and for their outstanding achievements in the industry.





These awards were segmented across six major sectors:

– Automotive
– Energy
– Building & Environment Industries
– Healthcare
– Information & Communication Technologies
– Logistics

Congratulating the 2020 winners and recognizing their best-in-class performance, Sapan Agarwal, Vice President Asia-Pacific at Frost & Sullivan, said that the best practice awards are aimed at motivating firms to continue pushing the boundaries of excellence year after year. "We applaud companies that have continued to push the boundaries and have demonstrated excellence in their industries. Frost & Sullivan awards are strong accolades to the good work and a reminder to all industry players that business performance benchmarks have now been raised for everyone," he said.

The award recipients were identified using Frost & Sullivan's proprietary, measurement-based methodology derived from extensive primary and secondary research, in-depth interviews, analysis, and industry benchmarking. Numerous award categories were carefully reviewed and evaluated to reflect the current market landscape and highlight emerging trends in Asia. A detailed study was further conducted on each of the nominated companies, focusing on real-time performance indicators like market share, revenue growth, customer acquisitions, product/service value, and technology innovation. The companies that emerged represent outstanding leaders that are driving positive trends in the Asia-Pacific economy.

The 2020 Frost & Sullivan Asia-Pacific Best Practices Awards virtual banquet is supported by our Media Partners: ACN Newswire, AI Time Journal, CryptoNewsZ, Chief IT, Asia Research News, CEO World Magazine and Developing Telecoms.

To learn more about the awards and partnership opportunities for the 2020 awards, please visit http://www.apacbp-awards.com/. To schedule an interaction with our spokespersons, please email Kala Mani. S. at kala.manis@frost.com.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion

Media Contact:
Zuzana Zukarnain
Corporate Communications – Asia-Pacific Phone: +60192657808
Email: zuzana.zukarnain@frost.com

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

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

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



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



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

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

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

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

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

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

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


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

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

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



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






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

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

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

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

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

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

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

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

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

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


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

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

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



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






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

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

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

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

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

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

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

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

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

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



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

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

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



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


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



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

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

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

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

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

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

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

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



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

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

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



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



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

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

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

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



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

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

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

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

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

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

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


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

VIET CAPITAL BANK and 7-ELEVEN VIETNAM Launch JCB CARD

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



Viet Capital Bank JCB 7-Eleven Credit Card



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

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

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

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

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

About Viet Capital Bank

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

About 7-Eleven Viet Nam

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

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

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

About JCB

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

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

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