Imexpharm Corporation Hosts Shareholders, Analysts and Potential Investors at its 2024 Annual General Meeting

HO CHI MINH CITY, VIETNAM, Apr 26, 2024 – (ACN Newswire) – Imexpharm Corporation (“Imexpharm” or the “Company,” IMP.VN), a pioneering leader in Vietnam’s pharmaceutical industry, announced that its 2024 Annual General Meeting of Shareholders (AGM) was held today at the Hilton Saigon Hotel, District 1, Ho Chi Minh City.

Ms. Chaerhan Chun, Non-Executive Chairman of Imexpharm’ s Board of Directors, said, “In 2023, Imexpharm met head on the challenges created by the complex macro environment, including inflation, geoeconomic fragmentation, geopolitical instability and climate change, and reported its best performance since listing in 2006.”

Ms. Tran Thi Dao, General Director of the Executive Board, and Executive Director of Imexpharm’ s Board of Directors commented, “We are delighted with Imexpharm’ s performance. Our decades of investing in technology such that we have the largest number of EU-GMP production lines, has given us a strong competitive advantage in the hospital channel, which has helped to drive our record-breaking growth in 2023.”

2023 was a record-breaking year for Imexpharm. The Company’s total revenue increased by 26% YoY to to VND2,113.0 billion. This represents a record year of growth for the Company, and compares favourably to overall market growth of 8%. EBITDA jumped 31% to end the year at VND466.0 billion, significantly ahead of the Company’s budgeted numbers. Over the past five years, Imexpharm’s EBITDA CAGR has been an impressive 17.5%.

Throughout 2023, Imexpharm maintained its leading position for the production and distribution of antibiotics in Vietnam, boasting a market share approaching 9%. At the same time, the Company’s diversification initiatives yielded robust revenues from various product categories, notably cough medications, analgesics, antipyretics and digestive aids. Furthermore, Imexpharm strategically expanded its revenue streams by venturing into the lucrative segments of vitamins and health supplements, aligning with the growing wellness market.

With its commitment to meeting evolving consumer demands through product diversification, Imexpharm embarked on exploring international markets in 2023. The Company is well positioned strategically to extend its sales footprint into diverse markets across Asia and Europe. This is thanks to its international-standard Safety, Health, Environment (SHE) protocols and Maintenance, Repair, Operations (MRO) standards, in addition to the 27 European Union Marketing Authorizations (MAs) it holds.

To express its gratitude for shareholders’ ongoing support, the Board of Directors of Imexpharm will implement a new dividend policy for 2024/2025, increasing it to 20%, with 10% in the form of a cash dividend and 10% in stock dividends. The resolution to approve this was successfully passed at today’s AGM.

Looking into 2024, despite the challenging macroeconomic environment, Vietnam and the domestic pharmaceutical industry are expected to continue to grow. The IMF is forecasting that Vietnam will be the world’s 20th fastest growing economy. Reflecting its ambitions for the economy, the National Assembly has set a 2024 GDP growth target for Vietnam of 6.0-6.5%, more than double the IMF’s expectations for that measure globally.

While the Vietnamese pharmaceutical sector is expected to grow by 6% to 8% over the year, Imexpharm is committed to double-digit growth. Following its record-breaking year in 2023, Imexpharm is targeting gross revenue growth of 24% in 2024. Within this, the Company expects to achieve robust revenue growth in the fast-growing ETC sales channel of 49%. The Company also aims to further boost its EBITDA by 18%.

Imexpharm recently reported revenue growth for Q1 2024, despite a complex operating environment inevitably impacting performance during the quarter. The systems and processes put in place by the Company to handle market fluctuations, as well as its plans for new products and new markets, mean Imexpharm is confident in meeting its targets for the year ahead.

Ms. Chaerhan Chun said, “Doing business in a highly competitive and continuously changing pharmaceutical sector is not easy. This makes me incredibly proud of Imexpharm’ s many achievements during 2023. This coming year, we will continue to meet all challenges head on, flexing our business model to meet customer demand and to deliver on the promises we have made today to our shareholders.”

Ms. Tran Thi Dao commented, “2024 is another challenging year ahead, but we are prepared for this, and have a robust growth plan for delivering another record year of results. We will continue to expand our revenues aggressively and are seeing terrific growth particularly in the ETC channel. Our factories, including our newest IMP4 factory, are gearing up production to meet the high levels of demand we have from our customers. As we continue to diversify our products and look to grow in new markets, I am excited about our next phase of growth ahead.”

About Imexpharm

Imexpharm is a market leader in manufacturing and distributing high quality antibiotics in Vietnam. Over its close to fifty-year history, the company has been a pioneer in Vietnam’s rapidly evolving pharmaceutical industry, focusing on international partnerships and operating at the highest safety and quality standards. Looking to the future, it is strategically and financially poised for growth domestically and on the global stage, and has been, and will continue to expand its portfolio into new treatment areas and wellness.

For more information, please contact:

Nguyen An Duy, CFO	ir@imexpharm.com	+84 277 385 1941
Le Thanh Hang, IR Director	hanglt@imexpharm.com	+84 (0) 91 201 1942
Nguyen Thi Kim Le, Investor Relations	lenguyen@imexpharm.com	+84 (0) 39 949 4911
Ho Thi Kieu Trinh, Investor Relations	trinhhtk@imexpharm.com	+84 (0) 90 908 1014

Black Spade Donates Art and Jewellery Collection To Hong Kong Red Cross

HONG KONG, Apr 25, 2024 – (ACN Newswire) – Black Spade Capital Limited (“Black Spade”), the family office of Mr. Lawrence Ho, is delighted to announce its donation of a stunning art and jewellery collection to the Hong Kong Red Cross (“Red Cross”). The gift represents Mr. Ho’s and Black Spade’s commitment to social responsibility and its unwavering dedication to creating a positive impact on the community.

The collection, comprising an array of 43 precious pieces from fine jewellery such as necklaces, pendants, brooches, jade to rare coins and stamps, highlights exceptional craftmanship and exquisite design. Whether these items showcase how Chinese culture is fused into everyday life through wearable art, or bear witness of momentous world events over the past several decades, they symbolise cultural heritage and are true embodiment of timeless elegance.

Mr Dennis Tam, President and CEO of Black Spade, said, “Black Spade is honoured to contribute this extraordinary collection to Red Cross. Red Cross has been serving the community since 1950 with a reputable track record of providing emergency relief and humanitarian aid. We firmly believe in the power of collective action to bring about meaningful change, and we are confident that this donation will make a significant difference in the lives of those in need. We hope that our contribution will inspire others to join us in our mission to create a brighter and more equitable future for all.”

Dr Lau Chor Chiu, Chairperson of the Hong Kong Red Cross, stated, “We sincerely thank Mr. Lawrence Ho and Black Spade for their generous donation. The Hong Kong Red Cross will use these art collections to support its fundraising efforts and further advance our humanitarian work, such as providing emergency disaster relief and preparedness, community health, humanitarian engagement, and special education and rehabilitation services for vulnerable communities. We hope this inspiring act of generosity will encourage more individuals and organizations to support our work and act together to build a safer, healthier and more cohesive community.”

Photo caption:

From the left: Mr. Dennis Tam, President and CEO of Black Spade and Dr Lau Chor Chiu GMSM, MH, JP, Chairperson of the Hong Kong Red Cross

About Black Spade Capital Limited

Black Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments. In August 2023, Black Spade Acquisition Co, a blank check company (SPAC) sponsored by Black Spade, completed a US$23 billion business combination with VinFast Auto Ltd.

About the Hong Kong Red Cross

Established in 1950, the Hong Kong Red Cross is part of the International Red Cross and Red Crescent Movement and the world’s humanitarian network serving over 190 countries. It dedicates itself to motivating people from all walks of life to put humanitarian spirit into action. With services in four main areas, namely, “Emergency Relief and Disaster Preparedness”, “Community Health Service and Education”, “Humanitarian Engagement and Education”, and “Special Education and Rehabilitation”, it provides a diversified humanitarian platform for Hong Kong citizens. Please visit www.redcross.org.hk for details.

8 in 10 Singapore businesses experienced more change in last 4 years than previous two decades: HubSpot Research

SINGAPORE, Apr 25, 2024 – (ACN Newswire) – HubSpot, the customer platform for scaling businesses, has released new data from a global research survey¹ that indicates companies in Singapore are transforming their business models in response to global megatrends such as generative AI and changing customer expectations.

From economic downturns to the rise of new social channels, businesses have to pivot with the times, all the time. But the AI era is different. Small and Medium Businesses (SMEs) are operating in a new reality, and it requires more than just adapting to change. It requires reinvention. According to HubSpot’s research, eight in ten (81 per cent) Singapore companies said they’ve evolved more in the past four years than the previous two decades – the highest level of disruption across all countries surveyed.

In 2024, local companies are navigating a new reality where keeping pace with technological disruption and innovation is critical to business success. Singapore companies are the most likely globally to feel that their current growth tactics are becoming less effective (71 per cent) and are also the most likely across all countries surveyed to agree that the introduction of AI has required them to reinvent (82 per cent) their business.

Kat Warboys, Senior Marketing Director of APAC, HubSpot, said: “A combination of rising business costs, new technology and evolving customer expectations have impacted the effectiveness of conventional growth tactics among Singapore’s businesses, accelerating a need for reinvention. Our research shows that a majority of local businesses agree that personalised, impactful customer experiences, powered by AI and automation, will be vital to their growth in 2024. Long term success will be determined by the ability of businesses to effectively engage with their audiences across multiple channels throughout the customer journey, and demonstrate value to customers to maximise retention.”

To empower Singapore companies with the right capabilities to meet evolving customer expectations, HubSpot today announced the launch of the new Service Hub and Content Hub. These tools are designed to help local businesses deliver streamlined, personalised customer experiences, which eight in ten (80 per cent) local companies view as key to business growth. These solutions are part of HubSpot’s Spotlight, a bi-annual initiative where the company highlights its latest innovations to help SMEs win.

Rethinking content marketing…again – Introducing Content Hub

Today, customers are everywhere. Their purchase path is fragmented across multiplying channels, and marketers are left facing two major challenges: reach and relevance. Companies need to efficiently meet customers wherever they are, and do it with quality content that’s personalised, unique and valuable.

However, Singapore companies are struggling to meet demands for multi-channel content, with 82 per cent – the highest globally – sharing a need for tools to help remix content from one format or channel to another. Singapore is also the most likely across all countries surveyed by HubSpot to cite an increasing number of channels as a pain point (40 per cent).

“The data suggests that while reinvention is necessary for success, it is not a one size fits all approach. Brands working to effectively reach audiences must connect with customers on a deeper level by leveraging personalised content tailored for the channels these customers most commonly reside on. While this may not be a simple process, it is a journey that many businesses are on, or need to commence, in order to understand and produce content that best engages customers,” shared Warboys.

To help local businesses meet demands for remixed, multi-channel content, HubSpot has launched Content Hub. The all-in-one marketing solution, powered by HubSpot AI, helps to create and manage content across the entire customer journey, through tools like AI Content Creation, Content Remix, Brand Voice, Audio Tooling, Members Blog and Gated Content Library (among others). This helps brands to more effectively meet and engage their customers by generating content customised for various channels, formats, and audience profile, with a consistent brand voice.

HubSpot Content Hub - Content Remix — HubSpot Content Hub – Content Remix

Transforming CX teams into revenue drivers with the all-new Service Hub

A separate HubSpot study² revealed that nine in ten (92 per cent) Singapore companies agreed that consumers find customer service interactions frustrating. There is a clear disconnect between what local brands think their audience needs, and what their customers and prospects actually want. SMEs need to double down on keeping existing customers happy, especially since acquiring a new one can be up to 25 times more expensive³. This is one of the many reasons a brand’s customer support and success teams play such a critical role in the bottom line.

The HubSpot study also found that 81 per cent of Singapore companies considered customer service and customer success separate functions with distinct goals and responsibilities. This hinders visibility and the flow of information across customer facing teams, impacting the ability to deliver impactful, personalised customer service. Common challenges faced by customer service teams in Singapore include extracting meaningful insights from customer data (49 per cent), tracking KPIs (46 per cent), ensuring alignment of customer service goals with overall business objectives (38 per cent), as well as ensuring agents have access to accurate and relevant information (34 per cent).

Aligning with Singapore’s strong national focus on AI, the study uncovered that nearly all (96 per cent) local companies are using AI as part of the customer service process. To transform customer service into a more proactive function, about two thirds of (66 per cent) CX teams in Singapore are implementing predictive analytics and AI-driven tools to better anticipate customer needs.

The all-new Service Hub, powered by HubSpot AI, is the only solution that brings together customer support and success functions for the first time, helping businesses scale support and drive retention through data-backed insights and connected workflows. In line with strong local adoption of AI, Service Hub features over a dozen AI-powered tools such as chatbots and real-time reply recommendations to boost customer successes.

HubSpot Service Hub - Customer Success Dashboard — HubSpot Service Hub – Customer Success Dashboard

“With Service Hub, our reps hit the ground running thanks to a complete view of the customer journey,” said Jennifer Cummings, Sr. Director, Customer Engagement at Kaplan. “Since bringing our marketing, sales, and service teams together on HubSpot, it’s completely removed the guesswork for our leaders, giving them visibility and confidence that customers are getting what they need, quickly.”

“In today’s business landscape, change is measured in days and weeks, not years. The speed of reinvention can be daunting, but technology advancements offer a significant opportunity for Singapore companies, especially SMEs, to adapt to new market trends and continue meeting evolving customer needs. With consumers expecting personalised experiences that align with their values and preferences, meeting these expectations requires businesses to connect with customers through channels that serve them best. These solutions from HubSpot are aimed at helping Singapore companies thrive in the digital economy,” explained Warboys.

Learn more about these solutions and more than 100 updates made across the customer platform at hubspot.com/spotlight.

Key Features of HubSpot’s New Service Hub and Content Hub

*Powered by HubSpot AI

Service Hub
To help CX leaders scale support, Service Hub includes:

Help Desk Workspace: Unlocks productivity for reps with an at-a-glance view of everything that matters most — from real-time ticket updates to omnichannel conversations — plus the ability to organise, search, and filter for improved discovery.
Tools for businesses to scale support:
- Advanced SLAs for better, more complex reporting and operations.
- Robust routing tools to ensure tickets go to the right reps at the right time.
- Workforce management settings and APIs to set user availability, working hours, and skills.

To help success teams drive retention, Service Hub includes:

Customer Success Workspace: Customer Success Managers (CSMs) can manage their entire book of business in one place with actionable insights and custom segments. The workspace includes:
- Account activity & pipelines specific to each CSM’s portfolio for easy access to the most important information.
- Customer health scores so CSMs can identify churn risk, prioritise outreach, and address needs proactively.
- Product usage integrations with essential apps like Pendo, Amplitude, Segment or HubSpot’s Custom Events API.

Service Hub also features over a dozen AI-powered tools, including:

GPT-powered Chatbot* for 24/7 support, freeing up reps to focus on complex issues.
Real-time Reply Recommendations* and Conversation Summaries* to speed up time to resolution, including multilingual support*.
Suggested next steps* to help reps take action after customer calls.

Content Hub
Content Hub includes:

AI Content Creation* to make quality multilingual content creation simple — from generating ideas, to writing blog posts, to creating images.
Content Remix* to easily create a full pipeline of content based on a single asset. 82 per cent of Singapore marketers agree that this is exactly the kind of tool they need according to HubSpot research.
Brand Voice* to define and generate content that has a consistent brand voice — from blogs, to social, to email.
Audio Tooling to create, host, and distribute Podcasts* and Post Narration* to turn text into audio for better content accessibility.
Members Blog and Gated Content Library to manage content, offer premium content, and easily capture leads.

¹ HubSpot: State of Business Growth Research (March 2024)
² HubSpot: CX Leader Market Research (October 2023)
³ Harvard Business Review

About HubSpot

HubSpot (NYSE: HUBS) is the customer platform that helps your business grow better. HubSpot delivers seamless connection for customer-facing teams with a unified platform that includes AI-powered engagement hubs, a Smart CRM, and a connected ecosystem with over 1,500 App Marketplace integrations, a community network, and educational content from HubSpot Academy. Today, over 205,000 customers, like DoorDash, Reddit, Eventbrite, and Tumblr, across more than 135 countries use HubSpot to attract, engage, and delight customers. Learn more at www.hubspot.com.

Press contact for further information, assets and interview requests:
Yanchang Tan
E: yanchangtan@slingstone.com
P: +65 9474 5338

Singapore Unveils Its First Live Painting Event Featuring ADHD Artists, Inspired by ‘Collide’ by Tay Guan Hin”

SINGAPORE, Apr 23, 2024 – (ACN Newswire) – Unlocking ADHD, in collaboration with Tay Guan Hin, Creative Chairman of BBDO Singapore and author of the best-selling Penguin book “Collide,” recently presented “Where Art and ADHD Collide,” a groundbreaking event held at ARTitude Galería in Singapore. This unique occasion celebrated the fusion of creativity, diversity, and the intersection of art and mental health. Taking place on Monday, April 22, 2024, the event is honored by the presence of Lee Chen Ee, Group Director of Innovation and Transformation at Singapore Health Services, as the guest of honor. Her attendance highlighted the importance of using creativity to raise awareness and promote mental health. Ms. Moonlake Lee, Executive Director of Unlocking ADHD, also graced the event as a special guest, sharing invaluable insights and personal perspectives on ADHD. Unlocking ADHD is a charity and social service agency that empowers ADHDers and their families to live life to the fullest.

The evening featured a diverse lineup of exceptionally talented artists with ADHD. Among them was Khaitama D. Sun, fondly referred as Khai, Singapore’s sole artist who created artwork with drumsticks that synchronized with the rhythm of words. Khai’s unique talents were showcased as he simultaneously crafted two masterpieces with his left and right hands, marking Singapore’s first-ever live painting. The painting is called “Rhythmic Dance of Chaos “.Additionally, artist Rachel Elena Tng, a late-diagnosed autistic ADHDer, presented her captivating live painting titled “The World According To ” which received warm applause from the audience. Attendees had the opportunity to bid on these extraordinary creations, with proceeds benefiting both the artists and Unlocking ADHD. Sales of all books also contributed to Unlocking ADHD’s cause.

Lee Chen Ee, Group Director of Innovation and Transformation at Singapore Health Services, “It is most heartening that this event brings together individuals from all walks of life, different occupations, and different industries, for a common goal – to promote acceptance, awareness and celebration of neurodiversity. I hope we can all continue supporting initiatives such as these that promote a movement towards inclusion and understanding.”

Guan Hin Tay, book writer, Collide remarked, “This sensorial experience demonstrated how the unique thinking of individuals with ADHD could revolutionize the world, much like the unexpected fusion of ideas in my book ‘Collide’ leads to extraordinary creation.”

Moonlake Lee, Executive Director of Unlocking ADHD, expressed her enthusiasm, stating, “We are delighted to be part of this unique event. Our aim is to celebrate the artistic talents of individuals with ADHD and foster an inclusive space for dialogue and understanding.”

Ganesh Somwanshi, Founder of Mett.AI, curated the concept of Singapore’s first-ever live painting by an ADHD artist, influenced by “Collide.” He remarked, “Art can empower people from all walks of life and serve as a healing element in everyday life. I am grateful to Tay Guan Hin for the opportunity to be part of this project.”

‘Where Art and ADHD Collide’ served as an event and a movement toward acceptance, understanding, and celebration of neurodiversity. It transcended the traditional event format, creating an inclusive space for dialogue and appreciation of diverse talents.

The evening was a resounding success, with a diverse audience comprising corporate leaders, educational pioneers, media influencers, and community members who champion creativity and inclusivity. Together, they supported the ADHD community through the transformative power of art, marking a significant step toward acceptance, understanding, and celebration of neurodiversity.

About Unlocking ADHD

Unlocking ADHD is a registered charity and social service agency under the National Council of Social Service in Singapore with a mission to Empower ADHDers and their families to live life to the fullest. The Unlocking ADHD website (www.unlockingadhd.com) is the most comprehensive online resource on ADHD in Singapore. The charity runs events to support ADHDers, and has also developed a FREE RESTART ADHD Starter Kit for adults. It is also responsible for the first community study on ADHD in Singapore. Unlocking ADHD also supports over 3K members via a private Facebook Community Group and over 800 members on Discord.

About Guan Hin Tay, Author

Tay Guan Hin, Creative Chairman of BBDO Singapore, has significantly impacted the creative industry, showcasing his talent across global agencies like Saatchi & Saatchi, Wunderman Thompson, Grey, and Leo Burnett. His digital engagement strategies have elevated brands such as Visa, Unilever, Audi, MOHH and Shell, effectively enhancing their market presence and addressing business challenges. His debut book, “Collide: Embracing Conflict to Boost Creativity,” published by Penguin, quickly became an Amazon and Straits Times best-seller. Guan Hin has over 300 creative awards and notable roles, including Jury President at Cannes Lions and other prestigious events. A revered keynote speaker, he has shared his expertise at TEDx, Cannes Lions, and with top firms like Tencent and Meta. Passionate about mentoring, he founded Singapore’s first student awards and actively supports young talent development. His leadership in innovation was highlighted during his presidency of the Asia Professional Speakers Association, marking him as a prominent figure in fostering creativity and nurturing future generations in the creative sector.

For media contact:
Ganesh S
Mett.AI
ganesh@mett.ai

(Second overseas roadshow of 2024) MGTO unveils mega roadshow and presentation seminar in Singapore this Thursday (25 April) to tap into overseas markets

SINGAPORE, Apr 23, 2024 – (ACN Newswire) – Following the first mega overseas roadshow of 2024 held successfully in Tokyo, Japan this March, Macao Government Tourism Office (MGTO) will soon unveil its second overseas promotional event in Singapore. The program includes a four-day roadshow and a presentation & networking seminar namely the “Macao Tourism + MICE Product Updates Seminar & Travel Mart”, to be unveiled in advance this Thursday (25 April). Singaporean visitors and members of the travel trade will be offered a window onto Macao’s strengths as a MICE and travel destination. The event aims to attract more Singaporeans to Macao for leisure and MICE travel, as part of the endeavor to expand the Southeast Asian market.

Macao and Singapore industry operators explore “tourism + MICE”

MGTO will lead a delegation of Macao’s travel trade to Singapore and organize the “Macao Tourism + MICE Product Updates Seminar & Travel Mart” on 25 April. Industry participants from Singapore will be introduced to the strengths of Macao’s tourism and MICE industries. A business networking session will also be held on site for the travel trade from both sides to connect and forge partnerships, in turn boosting mutual visitations.

Spectacular roadshow teems with “tourism +” in Macao

The mega roadshow in Singapore will be held at Suntec City Atrium (Convention Centre) from 25 – 28 April. Designed after Rubik’s Cube, a special space is created with colorful key visual that manifests the vibrant scene of Macao’s cultural diversity and harmony blended with the unique splendor of “tourism +”.

The roadshow will feature numerous themed booths and interactive games. The Economic Development Bureau of Hengqin, the six integrated resort enterprises from Macao and Air Macau will also run booths to promote their newest tourism facilities and products. Singaporean residents can experience Macao from a kaleidoscope of angles.

Multichannel promotional campaign reaches potential visitors

MGTO has progressively unfolded an array of promotional initiatives in advance in Singapore for the mega roadshow. A themed webpage (https://www.macaotourism.gov.mo/en/article/promotion/experience-macao-singapore-roadshow) is launched. Singaporean travel KOL, The Travel Intern, has started spotlighting the event on various platforms since early April. Starting this week, information about the roadshow has been released on radio, newspapers, light boxes, mega exterior LED screens of shopping centres as well as MGTO’s platforms on social media, which widens the event’s presence together with several KOLs’ promotions. It is hoped that the marketing campaign can attract more locals to the event for an experience of Macao’s “tourism +”, in turn boosting visitor arrivals from Singapore and Southeast Asia for international market development.

Average daily Singapore visitor arrivals increase twofold in the first quarter

At present, Singapore ranks as the eighth largest international visitor market for Macao. In the first quarter of 2024, there were 25,623 visitor arrivals from Singapore to Macao. The average daily volume of Singaporean visitors recovered to 82.6% of the level in the first quarter of 2019 and increased by 263.1% compared with the first quarter of 2023. Two airlines (Air Macau and Scoot) currently operate regular direct air service between Macao and Singapore with two flights daily.

Promotional events towards international markets

This year, MGTO actively rolls out mega promotional events. In addition to the mega roadshows in Tokyo and Singapore in March and April respectively, the Office will unfold more roadshows in Jakarta (Indonesia), Seoul (Korea), Bangkok (Thailand) and Kuala Lumpur (Malaysia) for a showcase of Macao’s “tourism +” offerings. To support industry partners to explore business opportunities, destination presentation and networking seminars will be held concurrently for the travel trade there. Moreover, MGTO will continue to engage in major regional and international travel fairs to raise Macao’s international profile and presence as a travel destination.

Enrich special offers to boost destination appeal

In celebration of the 25th anniversary of the Establishment of the Macao SAR, MGTO has launched the scheme “My Treats for You” of special travel offers for international visitors (from beyond the Greater China region). To attract international visitations to Macao, 250,000 gifts are rolled out including special offers on air tickets, cross-border transportation, hotel accommodation, dining, entertainment and show tickets. Targeting Singapore as a visitor market, MGTO partners with Air Macau and travel agencies in Singapore and Macao to launch different special offers to attract Singaporean visitors and expand the diversity of travel markets.

About Macao Government Tourism Office (MGTO)

Main Responsibilities of Macao Government Tourism Office

In accordance with Macao Special Administrative Region (Macao SAR) Government’s strategy of positioning and developing Macao as a World Centre of Tourism and Leisure, Macao Government Tourism Office (MGTO) serves as the public entity responsible for implementing, analyzing and assisting in formulating the tourism policies of the Macao SAR to enhance Macao’s reputation as a quality destination.

For more information, visit https://www.macaotourism.gov.mo/en/.

Media contact:
media@macaotourism.gov.mo

The South China Sea: A Nuanced Understanding Required

KUALA LUMPUR, Apr 22, 2024 – (ACN Newswire) – Leading regional commentator, and analyst, Eddin Khoo, and Crisis Management Centre founder, Nordin Abdullah, are starting a series of talks in the ASEAN region on issues around the South China Sea. The objective of these talks is to achieve a nuanced understanding of the activities surrounding this critical waterway and the potential impact on the corporate sector.

The Malaysia Global Business Forum (MGBF) in collaboration with the Crisis Management Centre will be hosting the first talk in this series in Kuala Lumpur, Malaysia, on Wednesday (24 April), titled ‘The South China Sea: Central to ASEAN’s Business Future?’.

Eddin Khoo, a renowned writer, said, “As we approach the half-century anniversary of that most defining of global events – the end of the Vietnam War, the region of the South China Sea appears to be drawn back, whether of its own volition or not, to superpower tensions.”

“Since the end of the Vietnam war, much of this region has devoted itself to economic development, emerging as one of the principal regions for the inflow of capital anywhere in the world, especially in that once lauded period termed ‘The Age of Globalisation’.

“As the period of the end of the age of globalisation is at once cautioned and heralded, and as the South China Sea is marked for a period of superpower contestation, how much, in these past five decades, has the region been able to ‘state a case for itself’?” continued Eddin.

The South China Sea handles roughly USD3.37 trillion in global trade annually, and is crucial for multinational corporations; however, territorial disputes often threaten trade routes and livelihoods dependent on its resources.

Nordin Abdullah said, “Everyone is aware of the obvious geographical choke points. The media have hyped up the spectres of single points of failure in global supply chains and past Black Swan events have produced volumes of analysis laden with hindsight bias.”

“Most bilateral and multilateral efforts relating to activities in the South China Sea are largely government to government. Yet it will be the corporate sector that is impacted first if any significant disruption takes place,” he continued.

Through ancient history, South East Asian nations were connected by extensive maritime trade networks. Trade routes such as the Maritime Silk Road facilitated the exchange of goods, ideas, and technologies among the numerous kingdoms and empires in the region.

Regional geopolitical tensions could disrupt maritime activities, impacting communities and millions employed in industrial activities dotted along the shores. Effective risk mitigation and crisis response strategies are imperative for corporations investing and operating in the area.

Nordin, who is also the MGBF founding chairman, concluded, “Simple diametrically opposed broad-stroke narratives are no longer sufficient for the corporate sector. A nuanced understanding is required for every organisation in any given jurisdiction. To achieve any level of anticipation, let alone foresight leadership, teams need to work through the data and conduct effective scenario planning.”

Businesses operating in the South China Sea must diversify supply chains, invest in alternative transportation routes, and engage in corporate diplomatic initiatives to safeguard their interest. These will be amongst matters discussed and addressed during the lunch talk in Kuala Lumpur, including the dynamic relationship between business and politics in ASEAN, and how corporations with regional and global supply chains manage potential threats.

The lunch talk will be an in-person event and requires pre-registration. The participation fee is RM138 per person. A special price of RM88 is available for members of the Malaysia Australia Business Council (MABC) and other partner chambers.

For more information, visit this event page on Malaysia Global Business Forum’s website: www.MalaysiaGlobalBusinessForum.com.

About Malaysia Global Business Forum

The Malaysia Global Business Forum (MGBF) was established to empower stakeholders at the intersection of international and Malaysian business. Through government relations, business intelligence, advocacy, media engagement, market research, networking, advisory and business matching, MGBF will continue to explore threats and opportunities with industry leaders and policy makers to ensure that Malaysia becomes a leader in the context of Asia.

For more information, visit www.MalaysiaGlobalBusinessForum.com.

About Crisis Management Centre

The Crisis Management Centre was established to empower individuals, corporations, industry associations and governments to effectively deal with all aspects of crisis. The Crisis Management Centre has been able to pioneer several ground-breaking concepts in the field of crisis management including the “Reputation-Revenue Dynamic”, which is a data-driven, community and communications framework for addressing areas of concern, crisis, and conflict.

For more information, visit www.crisismanagementcentre.com.

For media enquiries, contact:
Sofea Zarina
Assistant Manager, Public Relations
Glenreagh Sdn Bhd
E: sofea@glenreagh.net
W: http://www.glenreagh.net

foundit becomes the Official Talent Partner of the Badminton World Federation (BWF)

SINGAPORE, Apr 22, 2024 – (ACN Newswire) – foundit, a leading talent platform in APAC & the Middle East, today announced its partnership with the Badminton World Federation (BWF). This strategic collaboration aims to amplify foundit’s brand presence while championing the spirit of excellence embodied by badminton players worldwide.

The partnership was unveiled during a global virtual media meet in the presence of Sekhar Garisa, CEO foundit, Saurabh Srivastava, CMO foundit, Thomas Lund, Secretary General, BWF, Owen Leed, Director of Commercial and Communications, BWF. As the governing body for badminton, BWF oversees prestigious events such as the Thomas and Uber Cup, Sudirman Cup, and World Tour Events, boasting a global fan base exceeding 700 million.

Through this collaboration with BWF, foundit aims to tap into the excitement and passion surrounding badminton, one of the most followed and played sports. This partnership will enhance foundit’s brand presence and enable it to connect with a diverse audience of job seekers and employers across various industries. foundit will be the Official Talent Partner for 20 significant championships throughout the year, including the highly anticipated Thomas & Uber Cups, All England Open, Malaysia Open, Singapore Open, and the India Open.

Speaking about the partnership, Sekhar Garisa, CEO of foundit, emphasised the shared values of agility, perseverance, and pursuit of excellence that unite badminton players and foundit. “This partnership is a testament to foundit’s unwavering commitment to enabling and connecting the right talent with the right opportunities. Badminton’s immense popularity in our core markets, particularly among young professionals, makes this partnership a powerful tool for engaging with the millions of job seekers and recruiters across the markets.” he added.

Commenting on the association, Thomas Lund, Secretary General/COO, BWF, said, “We are thrilled to partner with foundit, a leading talent platform that shares our passion for excellence and talent development. Badminton is a sport built on dedication, hard work, and the pursuit of success — values that resonate deeply with foundit’s mission. By joining forces, we aim to inspire individuals to reach their full potential and make a lasting impact in their careers.”

foundit further aims to partner with grassroots academies and badminton players from India and Southeast Asia, reflecting its dedication to nurturing talent from grassroots to elite levels. By effectively leveraging these associations, foundit aims to inspire individuals to achieve their full potential in professional pursuits.

About foundit – APAC & Middle East

foundit, formerly Monster (APAC & ME), is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. In addition to a powerful AI-powered job search, foundit offers e-learning, assessments, and services related to resume creation, interview preparation, and professional networking. Since its inception, the company has assisted over 90 million job seekers across 18 countries in upskilling and connecting them with the right job opportunities. Over the last two decades, the company has been a leader in the world of recruitment solutions and has recently launched a cutting-edge solution to give recruiters access to passive candidates in addition to active ones. With the use of advanced technology, foundit is seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalised job searches and offer precision hiring. Additionally, foundit has been recognised as a Great Place To Work, reflecting its dedication to fostering a supportive and dynamic work culture.

About BWF

The Badminton World Federation (BWF) is the international governing body of the sport of badminton, recognised by the International Olympic Committee (IOC) and the International Paralympic Committee (IPC). It was originally the International Badminton Federation (IBF) which was founded on 5 July 1934, before being rechristened the Badminton World Federation in 2006. The purpose and objectives of BWF include regulating, promoting, developing, and popularising the sport of badminton throughout the world and organising, conducting, and presenting international events at the highest level. The BWF’s vision is to make badminton a leading global sport accessible to all – giving every child a chance to play for life. Its mission is to lead and inspire all stakeholders; to deliver entertainment through exciting events to drive fan experience; and to create innovative, impactful, and sustainable development initiatives. BWF has its headquarters in Kuala Lumpur, Malaysia, with 201 Member Associations worldwide. Poul-Erik Høyer is the BWF President, and Thomas Lund is the BWF Secretary General.

Websites: www.badminton.sport and www.bwf.sport

Contact:
Namrata Sharma
Namrata.sharma@adfactorspr.com
+6581383034

DC Healthcare Rides the Wave of Success with New Openings at Publika and Bukit Indah

KUALA LUMPUR, Apr 18, 2024 – (ACN Newswire) – DC Healthcare Holdings Berhad (“DC Healthcare” or the “Group”), an aesthetic medical services provider specialising in the provision of non-invasive and minimally invasive procedures, is pleased to announce the opening of one Dr. Chong Clinic and one DC Body in KL Publika Shopping Gallery as well as one DC Body Johor Bahru Bukit Indah following the successful launch of multiple Dr. Chong Clinics and DC Body outlets across Malaysia. These additions aim to enhance the availability of DC Healthcare’s top-quality wellness and aesthetic services.

Dr Chong Clinic – KL Publika Shopping Gallery continues the Group’s offering of premier aesthetic services, building on the reputation of excellence that DC Healthcare has established. Meanwhile, DC Body – KL Publika Shopping Gallery and Johor Bahru Bukit Indah represent an innovative leap for DC Healthcare, extending the Group’s offerings into specialised weight management, personalised nutrition counselling and body contouring.

Dr. Chong Tze Sheng, Managing Director of DC Healthcare said, “The positive feedback from our customers from the recent outlets openings of Dr Chong Clinic and DC Body in Ipoh, Johor, Penang and Selangor has inspired us to continue growing. Our new facilities at Publika and Bukit Indah reinforce our commitment to meet the demand for professional wellness and beauty services. We look forward to serving more customers in these new locations.”

He added, “The selection of Publika aligns with the Group’s strategy to integrate into areas that support the lifestyle preferences of our clients. Both new establishments are designed to meet the high standards of care and professionalism expected from DC Healthcare.”

In 2024, DC Healthcare has expanded its reach by opening four Dr. Chong Clinics located in Taman Molek (Johor Bahru), Bandar Seri Botani (Ipoh), Auto City (Pulau Pinang), and Publika (Kuala Lumpur), as well as four DC Body outlets in USJ Taipan (Selangor), Auto City (Pulau Pinang), Publika (Kuala Lumpur), and Bukit Indah (Johor Bahru). With these latest additions, DC Healthcare now operates a total of 17 medical aesthetic clinics and 4 DC Body outlets nationwide, significantly enhancing the accessibility and availability of its premium wellness and aesthetic services to a broader audience.

Managing Director of DC Healthcare, Dr. Chong Tze Sheng

Prestigious titles for top developers at the 14th PropertyGuru Asia Property Awards (Singapore)

SINGAPORE, Apr 18, 2024 – (ACN Newswire) – Organisers of the PropertyGuru Asia Property Awards (Singapore) have announced their call for entries ahead of this year’s highly anticipated gala celebration.

The 14th Annual PropertyGuru Asia Property Awards (Singapore), supported by Mitsubishi Electric Asia, are now open for entries until 30 August 2024.

The 14th Annual PropertyGuru Asia Property Awards (Singapore), supported by Mitsubishi Electric Asia, are now accepting submissions from the industry and the public via asiapropertyawards.com/nominations until 30 August 2024.

Bringing the city-state’s finest developers together, the black-tie gala dinner and presentation of the Awards are now scheduled for Friday, 8 November 2024 at The Ritz-Carlton, Millenia Singapore.

Key dates for the 2024 edition:
30 August 2024 – Entries close
23 September-4 October 2024 – Site Inspections
7 October 2024 – Final Judging
8 November 2024 – Gala Dinner and Awards Ceremony in Singapore
13 December 2024 – Regional Grand Final Gala Presentation in Bangkok, Singapore

Raising standards

Almost 90 categories are in the latest edition of the Awards, raising the Gold Standard of real estate higher in Singapore for 2024.

Newly added categories include the never-before-presented ESG awards, recognising excellence in the spheres of sustainable design, sustainable construction, energy efficiency, and social impact. Other new categories include awards for the country’s finest investment properties.

An independent panel of judges, composed of seasoned professionals from diverse segments within the real estate realm, ensures a fair and transparent selection process. HLB, the worldwide network of independent advisory and accounting firms, supervises the entirety of the judging process.

Kristin Thorsteins, chairperson of the panel of judges and head of partnerships – growth for APAC at IWG PLC, said: “Joining the PropertyGuru Asia Property Awards is a valuable investment for Singaporean property developers, offering independent validation of their projects, boosting brand recognition, and generating wide-reaching media exposure. This recognition translates to increased trust from buyers and investors, differentiating the developer in a competitive market. Additionally, the awards offer networking opportunities with leading industry players, provide an avenue to benchmark quality, and can lead to increased sales and the ability to command premium pricing.”

Resilience of demand

The enhanced, diversified categories point to the continual resilience of demand for residential properties in Singapore.

Seven in 10 Singaporeans intend to buy a property, with more than half planning to buy it within the next five years, according to the PropertyGuru Singapore Consumer Sentiment Study (CSS) H1 2024.

The study further revealed that the overall Sentiment Index has remained stable at 44 points, a slight increase from the last wave in the H2 2023 report at 43 points.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “With its inherent stability, Singapore continues to offer attractive options for property buyers and investors in the Asia Pacific region. We look forward to honouring the finest real estate in Southeast Asia’s most resilient market as it continues to set the highest standards in urban development. The latest edition of these Awards is also an opportunity to showcase the superior built spaces that make Singapore a city of tomorrow and a future-ready destination to live, work, and thrive.”

Top representation

Top developers successfully represented Singapore at the 18th PropertyGuru Asia Property Awards Grand Final in December 2023.

GuocoLand won Best Developer (Asia) for the third time in the history of the Grand Final, also known as the culmination of the PropertyGuru Asia Property Awards series. Other winning developers included Frasers Property Singapore, recipient of the Best Mixed Use Developer (Asia) award, and UOL Group Limited and Pan Pacific Hotels Group, recipients of the Best Hospitality Developer (Asia) award. UOL Group Limited also won the Best Sustainable Developer (Asia) award while EL Development Pte Ltd won the Best Hospitality Interior Design (Asia) award.

The PropertyGuru Asia Property Awards (Singapore) are part of the regional PropertyGuru Asia Property Awards series, marking its 19th year in 2024. The series covers key markets across the region, spanning Southeast Asia, East Asia, South Asia, and Oceania, with exclusive gala dinners and ceremonies that represent the most anticipated property events of the year.

Organised by PropertyGuru Group (NYSE:PGRU), the 14th PropertyGuru Asia Property Awards (Singapore) are supported by gold sponsor Mitsubishi Electric Asia; official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partner Top 10 Singapore; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.

In 2024, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2024.

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP

PropertyGuru is Southeast Asia’s leading(1) PropTech company, and the preferred destination for over 34 million property seekers(2) to connect with almost 55,000 agents monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.8 million real estate listings(4), in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 16 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn

(1) Based on SimilarWeb data between July 2023 and December 2023.
(2) Based on Google Analytics data between July 2023 and December 2023.
(3) Based on data between October 2023 and December 2023.
(4) Based on data between October 2023 and December 2023.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com

Media & Partnerships:
Piyachanok Raungpaka, Media Relations & Marketing Services Executive
M: +66 94 887 5163
E: piyachanok@propertyguru.com

Sales & Nominations:Alicia Loh, Awards Manager (Singapore)
M: +65 8382 0078
E: alicia@propertyguru.com.sg

CIRC Announces 2023 Annual Results

HONG KONG, Apr 17, 2024 – (ACN Newswire) – China Isotope & Radiation Corporation (“CIRC” or the “Company” , together with its subsidiaries, the “Group”; Stock Code: 1763.HK) announces the audited consolidated financial statements of the Group for the year ended 31 December 2023 (“2023” or the “Reporting Period”).

For the year ended 31 December 2023, the Group operated five business segments, namely pharmaceuticals, radioactive source products, irradiation, radiation therapy equipment and related services and other businesses. In 2023, the Group continued to intensify our market development efforts and achieved continued growth in economic efficiency. For the year of 2023, the Group recorded revenue of RMB6.635 billion, representing a year-on-year increase of 7.8%; gross profit was RMB3,482.2 million, gross margin was 52.5%; realized net profit of RMB776.1 million, representing a year-on-year increase of 2.8%, with net profit attributable to the parent company achieving RMB371.0 million.

Pharmaceutical segment: Magnificent development in existing industries and businesses with steady expansion of industry influence

In 2023, in respect of pharmaceutical segment, the Group provided a stable supply of radiopharmaceuticals to domestic medical institutions and strengthened the promotion of nuclear medicine diagnosis and treatment technology to clinical departments and other market development work, while continuously promoting development in existing industries and businesses. Through academic conferences and other means, the Group conducted scientific popularization for the general public and nuclear medicine clients on new products such as “therapeutic sodium iodine-131 capsule” and scientific radionuclide, enhancing its influence in the field of nuclear medicine. In December 2023, therapeutic sodium iodine-131 capsule manufactured by HTA Co., Ltd., a subsidiary of the Group, has successfully entered the National Drug List for Basic Medical Insurance, Work-Related Injury Insurance and Maternity Insurance (2023) as a drug covered by the national medical insurance negotiations.

During the Reporting Period, the Group recorded RMB4,128.6 million in revenue from sales of pharmaceuticals, representing a year-on-year increase of 5.2%, accounting for 62.2% of the total revenue, recorded RMB1,682.8 million in revenue from imaging diagnostic and therapeutic radiopharmaceuticals, representing a year-on-year increase of 15.3%, and recorded RMB2,323.8 million in revenue from breath test.

Radioactive source products business: Successfully providing service for the Shenzhou XV manned spacecraft and remaining a high market share

In 2023, the supporting radioactive source developed by the Group for the Shenzhou XV manned spacecraft performed satisfactorily during the mission by ensuring accurate ignition command of the thrust reverser engine by the Y-altitude control device and safe and soft landing of the returning capsule, thereby guaranteeing the successful completion of Shenzhou XV manned mission. The technology of reusing retired radioactive source has made outstanding contributions in the field of applied research on circular economy, and won the First Prize of Sichuan Province Low Carbon Science and Technology Award. During the Reporting Period, a new type of domestically produced krypton [85kr] thickness gauge sources was officially launched into the market.

During the Reporting Period, the Group recorded RMB586.2 million in revenue from radioactive source products, representing a year-on-year increase of 0.9%. Gamma knife source and non-destructive testing radioactive source remained a stable and high market share, achieving growth in revenue, of which, gamma knife source realized operating revenue of RMB73 million and non-destructive testing radioactive source realized operating revenue of RMB89 million.

Irradiation business: Continuously innovating the mode of cooperation and sales revenue of new products reaching a record high

In 2023, the Company made innovation in the mode of cooperation and made deep-seated efforts to lay out its business in and explore EB curing industry, resulting in completion of technique and production line of EB plates, while arranging for EB color-coated plates and EB film so as to build EB curing industrial ecosystem. BINE High-Tech Co., Ltd., a subsidiary of the Group, successfully completed the after-sales maintenance for the 4 million curies BFT gamma irradiation equipment of Grand Ten Holdings in Malaysia, which is the first export project of BINE High-Tech Co., Ltd. and has maintained safe operation for 10 years without any incident.

During the Reporting Period, the Group actively explored the irradiation product market, with sales revenue of new irradiation products soaring to over RMB28.5 million, reaching a record high. The Group recorded RMB170.8 million in revenue from irradiation-related business.

Radiation therapy equipment and related services: Accelerating domestic manufacturing process of high-end radiotherapy equipment and the first product has successfully obtained approval

In 2023, the Group accelerated domestic manufacturing process of high-end radiotherapy equipment. On 28 September 2023, CNNC Accuray (Tianjin) Medical Technology Co., Ltd. (“CNNC Accuray”), a subsidiary of the Group, successfully obtained the medical device registration certificate issued by the National Medical Products Administration for its domestic high-end spiral tomotherapy system (TOMO C). This product has become the first domestic spiral tomotherapy product in the high-end medical field in China. The official mass production launch event and investor exchange meeting of TOMO C was held in Tianjin on 25 October.

In addition, CNHE-MDR, the outcome of the mobile digital medical X-ray photography system research and development project, was approved in June 2023 and obtained the medical device registration certificate. The Smart Cobalt-60-based Cone Beam Focused Stereotactic Therapy System project has completed the product type testing and entered the clinical trial stage smoothly. The SPECT/CT project has passed the general inspection and acceptance of the State Administration of Science, Technology and Industry for National Defence, with an acceptance rating of “excellent”.

During the Reporting Period, the Group recorded RMB933.7 million in revenue from nuclear medical equipment and related services, representing a year-on-year increase of 27.5%, and accounting for 14.1% of total revenue, making it the second largest source of revenue.

International business: Gradually deepening the global presence and making breakthroughs in a number of businesses

During the Reporting Period, the Group robustly explored the international market and exported breath test kits, radioimmunity kits, radiopharmaceuticals dispensing equipment, medical equipment and devices as well as other products to dozens of countries and regions such as Indonesia, Brazil, Peru, Colombia, Ecuador, India, Bangladesh, Singapore and Vietnam, realizing a total export revenue of RMB430 million. International business revenue from regular medical products maintained significant growth in 2023.

Marketing: Promoting brand building in an orderly manner and fully utilizing the value of the IAEA platform

During the Reporting Period, the Group deepened its brand building efforts. In May 2023, the Group successfully organized the “Sichuan Medical Isotopes and Radiopharmaceutical Industry Development Promotion Summit” in conjunction with eight departments in Sichuan Province. In September 2023, the Group contributed to and participated in the Conference on the High-quality Development of the Nuclear Technology Application Industry, the 2nd China-ASEAN Forum for Peaceful Use of Nuclear Technology, and etc. where the Group launched cooperation demonstration projects, signed business cooperation documents, and displayed nuclear medical equipment and digital exhibits for nuclear medicine. The Group participated in the Academic Annual Conference of the Nuclear Medicine Branch of the Chinese Medical Association in 2023 to launch the Radiant Intelligence 1.0 Intelligent Nuclear Medicine System, and co-hosted the 2nd International Forum on the Development of Nuclear Technology Application Industry in October 2023, fully demonstrating the CIRC’s leadership in nuclear technology application industry.

Furthermore, the Group has been actively leveraging the value of the IAEA Collaboration Center platform to enhance its international influence. In August 2023, the Group hosted the “International Training Course on Radiopharmaceuticals Preparation for the Asia-Pacific Region” in the name of the IAEA Collaboration Center for Radiopharmaceuticals and Radioactive Sources. The Group has persisted in reform of its marketing center to foster the synergistic, high-quality and safe development of its business in radiopharmaceuticals, radioactive sources and radioactive particles. In respect of the marketing of domestic nuclides, internal resources were coordinated and integrated for production, sales, distribution and services of domestic Lu-177 and Ge/Ga generators, laying the foundation for market development after reaching design capacity thereof in 2024.

Scientific research and innovation: Multiple projects conducting clinical trial and work related to intellectual properties gaining significant progress

The Group has always actively conducted research and development work on various types of imaging diagnosis and therapeutic pharmaceuticals to fill gaps in various fields of medical treatment and meet the medical needs of China. As of 31 December 2023, the Group had a number of imaging diagnosis and therapeutic radiopharmaceuticals under research and development. Among them, sodium fluorine injection has completed clinical trials and was submitted for new drug application; iodine-MIBG injection was in Phase III clinical trial; technetium sulfide colloidal injection, Ga-Dotatate injection, fluorine betazine injection, fluorine stamine injection, fluorine-L dopa injection and lutetium oxyoctreotide injection were approved for the clinical trial, and a variety of imaging diagnosis and therapeutic radiopharmaceuticals were in preclinical research and development stage.

During the Reporting Period, the Group yielded remarkable results in the work related to intellectual properties, with a total of 298 patents applied, 240 patent authorizations obtained, including 5 foreign design patent authorizations. As of 31 December 2023, the Group had 945 active licensed patents, among which there were 149 invention patents, sustaining and enhancing its technological strength. the Company had 11 registered trademarks, 38 registered copyrights, 1 national standard, 1 energy industry standard and 6 group standards issued, and 1 national standard, 1 agricultural industry standard, 4 nuclear industry standards and 12 group standards under preparation/to be released.

In terms of technological awards and honors, during the Reporting Period, the Group won 1 provincial and ministerial technology award, 4 social science and technology awards, 1 group-level science and technology award, and 3 awards in the CNNC Science and Innovation Competition.

Outlook

Looking ahead, CIRC will give full play to the unique advantages of nuclear medicine in the diagnosis and treatment of major diseases such as neurodegenerative diseases, cardiovascular and cerebrovascular diseases and malignant tumors, and provide quality products, services and integrated solutions to better protect people’s lives and health and facilitate the construction of “Healthy China”.

In 2024, the Company will firmly grasp the development opportunities, spare no effort, to maintain a good growth momentum, make every effort to drive the economic performance to a record high and practically improve the innovation and value creation capabilities, continuously strengthen the core functions and enhance the core competitiveness, and perform the three major roles of scientific and technological innovation, industry control, and safety support, in order to accomplish the planning objectives and tasks and accelerate the establishment of an internationally renowned isotope and radiation technology application products and services supply group.

About China Isotope & Radiation Corporation

China Isotope & Radiation Corporation (referred as “CIRC” or “the Company”) since its establishment in 1983, has been dedicated to exploring and developing nuclear technology applications. Boasting over 40 years of industry experience, the Company has emerged as a prominent leader in the domestic nuclear technology industry. The Group is primarily engaged in the research, development, manufacturing and sale of diagnostic and therapeutic radio pharmaceuticals and radioactive source products for medical and industrial applications, the provision of irradiation service for sterilization purpose and engineering, procurement and construction (“EPC”) service for the design, manufacturing and installation of gamma ray irradiation facilities and the provision of nuclear medical equipment and services such as independent clinical laboratory services to hospitals and other medical institutions.

The nuclear medicine industry is an industry with immense potential, demanding threshold, and high returns. As a leader in China’s nuclear medicine industry, CIRC is the largest domestic manufacturer of imaging diagnostic and therapeutic radiopharmaceuticals, UBT diagnostic kits and test analyzers, as well as radioimmunity analysis kits. In field of radioactive source products, it is the only core enterprise in the field of radioactive source research and application that has industrialized and scaled research and production capabilities. In field of radiation, it is the third largest radiation processing service provider in China, and the only supplier in China that provides upstream production and downstream design and installation services for radiation equipment. And two of its subsidiaries have been approved by the Ministry of Ecology and Environment of the People’s Republic of China as two of the three EPC service providers authorized to engage in the design, manufacturing, and installation of radiation equipment.