Integrated “Future Energy Asia” and “Future Mobility Asia” Exhibition and Summit To Drive Forward ASEAN Energy Transition and Clean Mobility Transformation

BANGKOK, Jul 18, 2022 – (ACN Newswire) – Endorsed and hosted by Thailand's Ministry of Energy, under the patronage of H.E. Supattanapong Punmeechaow, Deputy Prime Minister of Thailand, the world's largest organiser of energy exhibitions and conferences, dmg events, presents Future Energy Asia and Future Mobility Asia. The combination of events are dedicated to accelerating ASEAN's energy transition and clean mobility missions and will be held from 20 to 22 July 2022, at the Bangkok International Trade & Exhibition Centre (BITEC), Bangkok.

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An International Renewable Energy Agency (IRENA) report estimates that by 2025, around 20% of vehicles in Southeast Asia will be electric, with around 59 million two- to three- wheelers and 8.9 million four-wheel vehicles(1). Coupled with an expected 60% increase in energy demand by 2040 due to rapid economic growth(2), Southeast Asia represents a market with opportunities for robust multi-billion investments. Strategically positioned in Southeast Asia, and having the strongest presence in automotive sector in the region, Thailand provides an ideal venue for the co-located events of Future Energy Asia and Future Mobility Asia 2022.

"On behalf of the Ministry of Energy of Thailand, we are pleased to inform you that we welcome the FEA 2022 to convene once again in Bangkok together with the FMA 2022. For this, we officially support both FEA 2022 and FMA 2022 events," said Mr Kulit Sombatsiri, Permanent Secretary, Thailand Ministry of Energy.

"It is a great pleasure for PTT to co-host Future Energy Asia Exhibition and Summit 2022. We are delighted to welcome the industry colleagues back to Bangkok this July 20-22 in person, to connect and explore business partnerships. Established as the platform meeting points for companies and professionals in the energy industry, Future Energy Asia will present ample opportunities for you to engage in meaningful dialogues, forge partnerships and contribute to the region's energy transition developments," said Auttapol Rerkpiboon, President & CEO, PTT.

This unified platform, with product and solution showcases, impactful dialogues, and networking opportunities, supports the energy and mobility transitions towards a cleaner sustainable pathway. Future Energy Asia, as a leading energy transition exhibition and summit, gathers top-level stakeholders of gas, LNG, and renewables sectors whilst Future Mobility Asia represents a comprehensive showcase of clean transport mobility concepts, technologies, and innovations. More than 10,000 energy and mobility professionals from over 50 countries will convene at the event.

Future Energy Asia and Future Mobility Asia are organised by dmg events, the organisers of Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) and Gastech, the world's largest, most important, and influential events for the oil and gas industry, convening Ministers and industry CEOs. Annually, dmg events attract more than 425,000 visitors to a portfolio of 84 exhibitions each year.

Event Highlights

a. Joint opening ceremony officiated by Deputy Prime Minister & Minister of Energy, the Kingdom of Thailand, Petroleum Authority of Thailand (PTT) CEO and PTT Exploration and Production (PTTEP) CEO, with a focus on the drive and efforts towards clean energy and mobility in Thailand
b. Memorandum of Understanding (MOU) ceremony by the Thailand CCUS Technology Development Consortium
c. Dedicated strategic summit, technical sessions and exhibition showcase based on the theme "Hydrogen at the heart of energy transformation"
d. Country spotlight sessions which delve into Indonesia, Thailand, the Philippines and Vietnam, the most active markets representing multi-billion investment opportunities
e. Highly anticipated regional event convening senior policymakers and industry CEOs across energy and clean mobility industries including:
– Auttapol Rerkpiboon, CEO, PTT
– Tengku Muhammad Taufik, President and Group Chief Executive Officer, PETRONAS
– Dr. Twarath Sutabutr, Chief Inspector General, Ministry of Energy Thailand
– Montri Rawanchaikul, Chief Executive Officer, PTTEP
– Chanin Khaochan, Deputy Secretary General, Thailand Board of Investment (BOI)
– Ranee Kositvanich, Deputy Governor of Fuel Management, EGAT
– Joseph McMonigle, Secretary General of International Energy Forum (IEF)
– Ir. Mohd Yusrizal bin Mohd Yusof, Managing Director, TNB Renewables
– Nguyen Phuong Mai, Deputy Chief of the Office, Electricity and Renewable Energy Authority, Ministry of Industry and Trade (MOIT)
– Anatol Feygin, Executive Vice President and Chief Commercial Officer, Cheniere Energy
– Joseph T. Buckler, Senior Vice President, Global Sales and Business Development, Babcock & Wilcox
– Isabel Chatterton, Asia Pacific Regional Head of Industry, Infrastructure & Natural Resources, International Finance Corporation (IFC)
– Worachat Luxkanalode, Executive Director, Grab Thailand and Country Head, Grab Financial Group
– Richard Hong, CEO, TUV SUD ASEAN
– Kaushik Burman, Head of Global Business Development, Gogoro
– Craig Knight, CEO, Hyzon Motors
– Alfred Wong, Managing Director – Asia Pacific, Ballard Power Systems
– Julien Perez, Strategy & Policy Vice President, OGCI
– Dr. Akarin Suwannarat, Special Assistant to CEO & EVP, Energy Absolute PCL

Exhibition

Future Energy Asia will showcase global products, solutions and technologies from top players in four industry zones of "Hydrogen", "Gas, LNG and Carbon Capture as low carbon solutions", "Grid technologies and digitalisation" and "Renewables (solar, wind, energy storage)".

In Future Mobility Asia, participants will get access to the clean mobility value chain including passenger and commercial vehicle original equipment manufacturers (OEM), aftermarket suppliers, battery, energy storage, charging infrastructure providers and enabling technology.

Participating companies include PTT, PTTEP, Cheniere, Dassault Systemes, SEA Electric, Babcock & Wilcox, EVIomo, Baker Hughes, Hexagon, Schneider Electric, Nogaholding, Zeiss and more.

Strategic Summits & Technical Conferences

The Future Energy Asia and Future Mobility Asia conferences feature three days of multi-stream strategic commercial and technical content with over 200 speakers from across the integrated energy and mobility value chain.

With the theme "Decarbonising ASEAN's Energy Transition and Transformation", Future Energy Asia will advance the ASEAN region towards a secure, affordable and low-carbon energy future, in line with the net zero mission.

Concurrently, Future Mobility Asia propels ASEAN's mobility towards an electric, autonomous, connected and shared future, placing ASEAN at the centre stage of global clean mobility dialogues and thought leadership.

Exclusive to this event, executive committees made up of experts and policy makers representing the gas, LNG, renewables, power and mobility sector value chain shapes a world-class Future Energy Asia and Future Mobility Asia summit programmes which are relevant, practical and meaningful for industry practitioners.

"In Thailand, the Ministry of Energy is driving towards achieving two key goals; net zero by 2065, and 30% electric vehicles by 2030. These two objectives are inextricably linked and require transformative investment-backed actions across the entire value chain of energy and mobility. Other countries in ASEAN are following a similar path. Future Energy Asia and Future Mobility Asia are uniquely created, driven by these policy insights and operate to deliver a clear goal of connecting key decision makers, investors, developers to public and private sector technology, innovation, and solution partners," said Mel Lanvers-Shah, Vice President Asia, dmg events.

About Future Energy Asia

Officially hosted by the Ministry of Energy Thailand and co-hosted by PTT, Future Energy Asia Exhibition and Summit is the region's most important event convening Energy Ministers and industry CEOs who shape and drive the region's energy transition pathways. Co-located with Future Mobility Asia, the 4th edition of Future Energy Asia presents an inclusive platform for over 4,000 energy professionals across the gas, LNG, renewables and power sectors. The event allows key energy stakeholders, buyers and value chain players to network, showcase innovations and realise business partnerships. For more information, please visit https://www.futureenergyasia.com.

Please follow us on social media for the latest information: Facebook: https://www.facebook.com/FutureEnergyAsia/ Linkedin: https://www.linkedin.com/showcase/future-energy-asia/

About Future Mobility Asia

Future Mobility Asia is presented as an integrated global exhibition and conference for all stakeholders of mobility driving forward a clean and autonomous mobility transformation in Asia. The event features an extensive display of road mobility technologies and innovations, and aims to converge more than 6,000 trade professionals, global technology thought leaders, ASEAN ministers, and transport fleet owners. Future Mobility Asia is an event organised by dmg events. For more information, please visit https://www.future-mobility.asia

Please follow us on social media for the latest information:
Facebook: https://www.facebook.com/FutureMobilityAsia/ LinkedIn: https://www.linkedin.com/company/fma-2022 Twitter: https://twitter.com/mobility_asia
YouTube: https://www.youtube.com/channel/UCkoFQ9-Gu-gbK60UbaRWb_w

About dmg events

dmg events is a leading organiser of face-to-face events and a publisher of trade magazines. We aim to keep businesses informed and connect them with relevant communities to create vibrant marketplaces and to accelerate their business through face-to-face events. dmg events organises more than 80 events across 25 countries, attracting over 425,000 attendees and delegates every year. The company's portfolio of products includes many industry-leading events in the energy, construction, hospitality & design, coatings, and transportation sectors. ADIPEC, Gastech, and EGYPS are the company's flagship energy events. For more information visit www.dmgevents.com.

(1) bit.ly/3IMORO7
(2) pwc.to/3yI7GNM

Media; please contact:
Ms. Srisuput Siangyen and Ms. Utsanee Ua-ariyasup Mind PR Co., Ltd.
Tel: 081 694-7807, 094 895-9969
Email: srisuput@mind-pr.com, utsanee@mind-pr.com

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

Argentine President Fernandez meet with Gotion High-tech chairman Li Zhen

HONG KONG, Jun 28, 2022 – (ACN Newswire) – On the afternoon of June 24, Argentine Time, Argentine President Alberto Fernandez met with Li Zhen, chairman of Gotion High-tech, and his delegation at the presidential residence in Olivos, he explicitly supported Chinese investment in Argentina, and praised Gotion High-tech's multiple industrial investments will promote the development of Argentina's new energy industry. The two sides also had friendly exchanges on the "Targets of Carbon Peak and Carbon Neutralization" strategy, the new energy vehicle industry, the Sustainable Transportation Act and the joint venture between Gotion High-tech and Corven, a well-known American auto parts manufacturer, to establish electric bus batteries and other topics.

Alberto Fernandez:
The friendship between China and Argentina goes back to ancient times. I attended the Beijing Winter Olympics this year and witnessed the unique Chinese winter Olympics moment. Not long ago, I also participated in the online communication of the BRICS Summit. China's "One Belt, One Road" strategy and "Targets of Carbon Peak and Carbon Neutralization" strategy have encouraged many Chinese enterprises to invest in Argentina, undertake photovoltaic power stations, hydropower DAMS and other new energy projects, and continue to promote them, it also brings opportunities for Argentina's development.

The world is already shifting to renewable energy. Argentina has made incentives for lithium, wind power, photovoltaic and other industries. The Development of Sustainable Transport Act, introduced last year, it aims to promote investment in electric vehicles, promote the electrification of transport and provide legal protection for investors in new energy.

We welcome Chinese investment in Argentina. Gotion High-tech's industrial investment activities in Argentina, cover the development, processing and battery products of lithium resources, which accelerates the development of local lithium resources and it will help the development and progress of Argentina's new energy industry.

Li Zhen:
Since the establishment of diplomatic ties between China and Argentina, leaders of the two countries have actively supported complementary advantages and economic cooperation between enterprises, especially the "Belt and Road" initiative. It provides strategic guidance, points out the direction and lays the foundation for inter-enterprise cooperation.

The third energy revolution with solar and wind power as the main body has come. To make full use of it, we must have energy storage technology. Gotion High-tech has been focusing on energy storage for 16 years. We plan to reach 300GWh battery production capacity in the world by 2025, which makes enterprises' demand for lithium resources more vigorous.

Argentina is the third-largest economy in Latin America, with a harmonious social system and orderly development of resources, it provides a good external environment for enterprises to invest in. We have partnered with Jujuy National Energy and Mining Company and we will work with Corven in Buenos Aires to develop downstream applications. In the next 100 years, new energy vehicles will certainly be a new engine for the world economy. Gotion is willing to work with visionary people in Argentina to jointly create a new era in the energy industry.

Daniel Scioli, Argentina's minister of Production and Development, Ariel Schale, The industry minister, and President Fernandez were accompanied by Cecilia Todesca, Minister of International Economic Relations, and Fernanda Avila, Minister of Mines, and communicated with the Gotion High-tech team on the development of the lithium industry.

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

CT Event Asia to host The 2nd Annual Clean Power & New Energy 2022

KUALA LUMPUR, June 21, 2022 – (ACN Newswire) – This year, CT Event Asia is all set to bring you the 2^nd Annual Clean Power & New Energy 2022, themed “Shaping the Future of Energy in Asia“. Happening at the Mandarin Oriental Hotel on 20^th-21^st July 2022, this conference is the most efficient and targeted event for utility scale renewable companies. Bringing these industries together will create more value for participants by enhancing opportunities to network, broadening the scope of education and providing access to an exclusive audience.

Incorporating all renewable technologies will be more convenient and cost-effective for multi-tech businesses as well as companies specializing in wind, utility solar, artificial intelligence in the Energy sector, Green hydrogen energy, Bioenergy, Internet of energy and Engineering in renewable who will benefit from an efficient business development forum that attracts decision makers from large-scale developers, corporate buyers and utilities.

Attracting 500+ senior representatives from across the leading utility leaders, Government bodies, Renewable Energy companies, Engineering Procurement, Construction and Management, Economists, Financiers, Power Generation and Investors to discover how the Economic, Financial and Political framework for Energy is evolving, and to assess the implications of growing renewable deployment for the future shape of the Energy Industry. Here is our speaker list!

Join us now to get more insights from industry leaders on the future of Energy in Asia and meet our Sponsors and Partners as well with all of this to explore, our 2nd Annual Clean Power and New Energy 2022 is set out to be bigger than ever! Here’s our list of Sponsors and Partners.

The 2^nd Annual Clean Power & New Energy 2022 website has full details about the program. Interested parties can visit the website here or request for the event brochure here.

To get in touch with our team for enquires relating to this event, feel free to reach out to:

Camara
Partnership Director
CT Event Asia
+60 16 283 2660 | +03 2710 7756
camara@cteventasia.com

Legend Capital Increases Carbon Neutrality Investments: Portfolio Company Talent New Energy Completes A++ Financing Round with Several Hundred Million RMB

HONG KONG, Jun 16, 2022 – (ACN Newswire) – Legend Capital's portfolio company Talent New Energy, a new Chinese powerhouse in the solid-state battery industry, recently announced the completion of its Series A++ financing round with several hundred million RMB. Legend Capital initially invested in Talent New Energy by joining the Pre-A financing round and continued to support the company's development by following up this Series A++ financing round.

With the improved battery technology and continuous high oil prices, the penetration rate of new energy vehicles is rising. The penetration rate of new energy vehicles in China reached 25.3% in April, and according to the industry forecasts, it will increase to 35% by the end of the year. Under the global background of carbon peaking and carbon neutrality, the wind power, photovoltaic and energy storage industry are also ushering in a golden era, gradually replacing the traditional fossil energy. With the technical advantages of high safety and high specific energy, it is widely believed in the industry that solid-state batteries will become the next trillion-level super track and the ultimate solution for battery technology.

Technology innovation is the core path to support the realization of carbon neutrality. With the acceleration of vehicle electrification, applications such as energy storage have opened up a new trillion-level market. Legend Capital actively explores suitable investment opportunities in more advanced lithium battery technologies. As a brand-new technology solution, new energy solid-state batteries have been deeply explored by many giants and startups in China and around the world. With nearly 20 years of international and domestic solid-state battery R&D technology accumulation, the Talent New Energy team has determined the oxide technology route and the gradual development path from mixed solid-liquid to all-solid-state lithium battery since the establishment of the company in 2018.

Legend Capital stated: "under the leadership of the founder Dr. GAO Xiang, the Talent New Energy team has been conducting R&D with the goal of industrialization, not only achieving a comprehensive breakthrough in product performance but also making Talent New Energy the leading semi-solid-state battery company in the market in terms of mass production capability. After the completion of the first investment in Talent New Energy last year, Legend Capital has continued to support the company's development by investing in each subsequent round of Talent New Energy's financing, helping the company become a leader in the solid-state battery industry in various aspects such as capital and industrial resources."

It is reported that Talent New Energy's first semi-solid-state power battery production line in Chongqing will be put into production in October this year. Talent New Energy said that after this round of financing, the company would accelerate the integration of technological resources to set up an advanced energy materials research institute and a new energy technology industrialization joint R&D center in Beijing. The company is accelerating the mass production and commercialization of semi-solid-state lithium batteries and striving to launch the all-solid-state lithium-ion battery at the end of this year, providing advanced and reliable energy solutions to the new energy vehicle industry and electrochemical energy storage industry and providing "energy blocks" for the construction of new infrastructure for high-efficiency cross-space-time energy storage in the future human society.

Under the goals of carbon peaking and carbon neutrality, Legend Capital's investments focus on energy system decarbonization, vehicle electrification/intelligence and synthetic biology. Energy decarbonization includes photovoltaics, wind power, smart grids; vehicle electrification/intelligence includes lithium battery vehicles, hydrogen fuel cell vehicles, battery recycling and others.

Legend Capital has long been optimistic about the electrification, intelligence, and automation of new energy vehicles. It has invested in numerous enterprises in automation equipment, lithium batteries and material in the past 10 years, many of which were went public successfully, such as Wuxi Lead Intelligent (300450.SZ), CNGR Advanced Material (300919.SZ), Putailai New Energy (603659.SH), Hymson Laser (688559.SH), Colibri Technologies (002957.SZ). Legend Capital is also one of the early investors of CATL (300750.SZ).

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

Electricity Retailer Union Power Named as Partner for Anantara Energy Holdings US$5 Billion Plan to Export Up to 4 TWh of Renewable Energy Annually from Indonesia to Singapore

SINGAPORE, Apr 26, 2022 – (ACN Newswire) – Singapore's homegrown electricity retailer Union Power Pte Ltd (Union Power) has been appointed as distribution partner for a proposed US$5 billion project promoted by Anantara Energy Holdings Pte Ltd (Anantara) to generate renewable energy in Indonesia and export up to 4 TWh of it to the city state.

Anantara's project involves generating up to 3.5 GW of solar photovoltaic (PV) energy from a 4,000-hectare site in the Riau Islands and a battery capable of storing up to 12 GWh – one of the largest in the world – before being connected to Singapore via an undersea cable.

The electricity import is subject to licensing approval from the Energy Market Authority of Singapore which has announced major plans to diversify its energy mix into renewables and reduce its reliance on liquified natural gas, and transition towards carbon neutrality by 2050.

Singapore's green plans include the importation of clean renewable energy from neighbouring countries.

Union Power, a member of homegrown Union Energy Corporation Pte Ltd (UEC) which has more than 40 years of business history, will be involved in retailing a significant portion of the imported clean energy to its base of 22,000 residential and business customers, leveraging upon the Company's deep domain knowledge and extensive network in Singapore.

The partnership is part of Union Power's strategies to diversify towards solar and renewable energy, as the Company seeks to transform its business to support Singapore's green plans. Through its solar arm Union Solar, Union Power installs, operates and finances solar PV systems on the rooftops of commercial buildings, allowing customers in Singapore to enjoy competitive solar energy tariffs compared to conventional retailer tariffs. To date, Union Solar has been building a pipeline of 11 commercial & industrial projects, and expects demand to grow in the months ahead.

Other efforts include building infrastructure for Electric Vehicle charging, as well as a partnership with a Dutch company to distribute a flexible light-weight solar foil which can be wrapped around structures, eliminating the need for supporting frames and structures and providing greater versatility of locations to harness solar power.

The agreement between Anantara and UEC, along with the formal joint-development agreement for the Anantara partnership and Anantara's Memorandum of Understanding with Riau Islands Province, were signed on 19 April in the Indonesian embassy in Singapore in the presence of Ambassador His Excellency Mr Suryo Pratomo and the Governor of Riau Islands Province Mr Ansar Ahmad.

Singapore-registered Anantara is a joint venture between German solar energy turnkey solutions provider, ib vogt, and Quantum Power Asia, the developer of Indonesia's first utility-scale solar PV plant.

Union Power's Executive Director Ms. Ellen Teo said, "It is a great honour for Union Power to be part of this prestigious project. We remain committed to the Singapore Government's vision for a greener energy market, and believe our intimate knowledge of the issues faced by Singapore consumers will add significant value to the project. This partnership will be one of the most significant that we have undertaken, and will no doubt lead to even more opportunities in the near future. We accept this with deep honour and heartfelt commitment."

Simon G. Bell, Managing Director and CEO, Quantum Power Asia said, "Partnering with Union Power is a foundational strategy for ensuring strong execution capability in Singapore that will lead to Anatantara delivering excellence in making available clean electricity in the Singapore market. Along with ib vogt, we look forward to a long-term relationship with the Union Power team."

David Ludwig, Director Asia Pacific, ib vogt, said, "We are very enthusiastic about the partnership, which combines the strengths of Union and Quantum, for the Singapore import tender. Each consortium member is a leader in their respective fields and together we are able to provide a very competitive and compelling offer to substantially contribute to Singapore's decarbonisation efforts as well as the economic development of the Riau Islands."

About Union Power

Union Power Pte Ltd is a leading digital energy retailer, licensed by Singapore's Energy Market Authority. The Company is a subsidiary of Union Energy Corporation – the largest bottled-gas supplier in Singapore, which has over 40 years of operating track record in the business of retailing LPG, Natural Gas, Diesel and Electricity in the Commercial, Industrial and Residential markets.

Founded in 2017, Union Power launched Union Solar in September 2020, in line with its push towards sustainable solutions through solar energy power generation. For more information, please visit: https://unionpower.com.sg/

Media & Investor Contact Information
WeR1 Consultants Pte Ltd
Isaac Tang, unionpower@wer1.net, M: +65 9748 0688

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

Infocus International Announces Online Masterclass on Electricity Economics

Singapore, Sep 2, 2021 – (ACN Newswire) – Infocus International Group has launched the Electricity Economics in Changing Electricity Markets online course and it will be commencing live on 15 November 2021. Throughout the four sessions, you will understand the new economics of power markets in a low-carbon world.

This is an essential course for those generating and trading electricity and for those responsible for policy within the power industry. It leads participants through a clear, accessible and thorough examination of the economics of power generation, from power plant cost influences to end-customer prices.

It contextualises this analysis with key consideration of industry drivers and trends, including increasingly liberalised and competitive markets, evolving policy support and management frameworks, the growth and integration of renewable power sources, and the restructuring of power systems towards more decentralised operations.

We'll examine these key questions:

– Which variables drive the economics of electricity generation?
– How do generation costs combine with other factors to produce end-use electricity prices?
– How are current technology & system trends impacting electricity costs and prices?
– What are policymakers doing to keep costs down?
– Who are the key stakeholders and influencers on electricity economics?
– What are the value-chain impacts of market liberalisation and competition?
– How are solar and wind power (and other low-carbon options) changing market environments?
…and many more!

The presenter allows for and encourages plenty of Q&A and discusses the issues from multiple stakeholder perspectives; including power plant owners, investors, policymakers and energy customers.

Want to learn more?
Simply email to emilia[at]infocusinternational.com or call +65 6325 0210 to obtain your FREE COPY of event brochure. For more information, please visit www.infocusinternational.com/electricityeconomics-online.

About Infocus International Group

Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.

Infocus International recognises clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.

Emilia Mok
Tel: +65 6325 0210 |
Email: emilia@infocusinternational.com
Website: www.infocusinternational.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Honghua Group Announces 2021 Interim Results

HONG KONG, Aug 31, 2021 – (ACN Newswire) – The world's leading onshore oil rig supplier Honghua Group Limited (Ticker: 196.HK, "Honghua" or "the Company") today announced unaudited consolidated interim results for the six months ending on 30 June 2021 ("the period").

In the first half of 2021, oil and gas companies were reluctant to increase upstream investment despite the gradual increase in oil prices, and capital expenditure did not return to the pre-pandemic level. As a result, it takes a while for overseas sales of drilling rigs and other equipment to recover. During the period, the Company's revenue decreased 14.1% year-over-year from RMB1.807 billion to RMB1.552 billion in the first half of 2021. Gross profit was approximately RMB318 million, representing a decrease of 47.6% from RMB608 million for the same period last year. The loss attributable to shareholders of the company was approximately RMB73 million.

Oil and gas engineering services expanded with remarkable overseas business growth

Honghua began to provide oil and gas engineering services in Middle East in 2012, and Honghua oil service team HH029 became the only operation team in Zubair oil field that never suspended operation during the COVID-19 outbreak. With excellent operating capacity, Honghua signed long-term service contracts with various internationally renowned oil service enterprises. Regarding the overseas market, in the first half of the year, the value of new orders signed for overseas oil and gas engineering services of Honghua amounted to about US$120 million. The rig service agreement with Schlumberger has a term of 54 months, the longest service term in the oil service history of Honghua, and is the highest value contract Honghua has signed. The project is expected to commence successively in the second half of the year, which will generate stable and continuous cash flow for Honghua.

Enhanced leading position in fracturing market with digitalization of electric fracturing equipment and services

Honghua's all-electric fracturing has been widely recognized in the market, with a year-on-year increase of 41% in the number of newly signed orders for fracturing engineering services and a year-on-year increase of 24% in the number of newly signed orders for pumping services. In the first half of the year, Honghua provided 2,539 stages of pumping services, representing an increase of 26.4% as compared with the same period last year, despite a large service base. In response to the digital development trend in the industry, Honghua promotes the upgrading of the whole-process electric automation of equipment. Honghua became the first company in China to use the fully electric automated fracturing technology, and has established a digital fracturing simulation laboratory. In terms of fracturing equipment for unconventional oil and gas development, Honghua carried out a comprehensive digital upgrade of electric fracturing pumps and related equipment, and sold the upgraded equipment with sales of approximately RMB250 million. In line with the concept of "all-electric, intelligent fracturing", Honghua launched the first electric coiled tubing unit in China, and it began the sale of the new product after industrial testing. Compared to the traditional diesel coiled tubing unit, the electric coiled tubing unit features excellent performance and efficiency, a high degree of automation and strong synchronous control.

Continued to focus on "equipment to parts and components" strategy, steady growth in equipment market

Under the trend of global energy transition, Honghua continued to implement the strategy of "equipment to parts and components" and focused on providing more tailored services to clients. During the Period, Honghua launched the first automatic machine tool system with "one-key linkage" in China, which has been successfully tested at PetroChina and Sinopec and has been recognized by customers. Meanwhile, breakthroughs have been made in the sales of a number of new products launched by Honghua: the first deployment of a 1600HP mud pump unit on an offshore drilling platform, a series of signing new orders for new-generation five-cylinder pumps, the sale of fracturing sets, and the signing of orders for the rotary running casing.

Outlook

In the second half of 2021, supply and demand in the oil and gas market will be in a tight equilibrium due to expected subdued production growth from OPEC+, slow recovery of shale oil and gas production in the United States and recovery of oil and gas demand. As oil prices remain at mid-high levels, upstream capital expenditure is expected to recover gradually, and the equipment market that lags the recovery of the oil price will rebound in the near term. Honghua will continue to fully play the role of a leading drilling rig company, and promote the transformation and sales growth of complete drilling rigs product set overseas from the aspects of service and equipment upgrading. With its technological research and development advantages, Honghua will accelerate the automation and intelligent iteration of drilling and fracturing equipment, actively promote the sales of new products including "one-key connection" automatic machine tool system, electric coiled tubing and new-generation five-cylinder pumps. In response to China's goal of reaching carbon emissions peak, carbon neutrality and national energy security, Honghua will seize the opportunities around electric development in the unconventional oil and gas market in China and focus on shale oil and other markets with great development potential.

About Honghua Group Ltd
Honghua Group Ltd (Stock Code: 0196.HK, "Honghua") is the main platform for energy equipment development of China Aerospace Science & Industry Corporation ("CASIC"). As one of the leading land drilling equipment manufacturers in the world and the largest land drilling rig exporter in the PRC, Honghua is primarily engaged in developing and manufacturing land drilling equipment (drilling rigs, parts and components as well as downhole tools, etc.), completion products (including fracture package), offshore drilling module and package as well as shale gas and oil exploration and development service. Leveraging strong R&D capability, high-quality production facilities and a mature international sales network, Honghua's products have been sold to a large number of famous enterprises all over the world, across major oil-production regions such as North America, the Middle East and emerging markets including South America, South Asia, Russia, Central Asia and Africa. In the future, Honghua will continue to focus on its key businesses while increasing the resource allocation to unconventional oil and gas business and the "energy + internet" field. Honghua aims at becoming a world leading oilfield service provider.

This press release is issued by ICA Investor Relations (Asia) Limited on behalf of Honghua Group Co., Ltd. For any enquiries, please contact:

ICA Investor Relations (Asia) Limited
Tel: +86 (21) 8028-6033
E-mail: honghua@icaasia.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Brand New Online Workshop on Carbon Capture, Utilisation and Storage (CCUS) is Now Open for Registration

Singapore, Aug 31, 2021 – (ACN Newswire) – Infocus International Group has released a brand new online workshop – Carbon Capture, Utilisation and Storage (CCUS) and it will be commencing live on 8 November 2021.

This course is intended for those in business, commercial and strategically focused roles within the energy sector; in particular those responsible for environmental matters, business sustainability and business transformation in areas such as oil & gas, hydrogen and industrial energy usage.

Attendees will leave with a clearly explained and independent perspective on how, where and why CCUS is happening now and could grow in future – covering the range of technological solutions and business drivers, including policy. In addition to reviewing existing CCUS approaches, the course will highlight new opportunities and integrated value creation possibilities through carbon utilisation. This will include how the fate of CCUS links to other aspects of the clean energy transition, such as clean hydrogen production, industrial decarbonisation and the transition away from oil & gas.

Benefits of Attending

– Understand the most challenging aspects of the clean energy transition & the role of CCUS in addressing them
– Examine the various technological aspects of the CCUS value chain, from capture through to storage and/or utilisation pathways
– Discuss the key economic and policy variables which will determine how CCUS plays out in different markets
– Review up-to-date examples of projects and strategies from around the world, and evaluate the lessons from them
– Learn the dynamics of the new competitive environment, including the risks of "business as usual" and the importance of industrial clusters in CCUS deployment
– Identify approaches to sustainable strategic planning and new business opportunity assessment

Want to learn more?
Simply email to emilia@infocusinternational.com or call +65 6325 0210 to obtain your FREE COPY of event brochure. For more information, please visit https://www.infocusinternational.com/ccus .

About Infocus International Group

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China Risun’s 2021 Interim Profit Attributable to Owners Surges 381.7% to RMB1.69 billion

HONG KONG, Aug 30, 2021 – (ACN Newswire) – China Risun Group Limited ("China Risun", or the "Group", stock code: 1907), the world's largest independent producer and supplier of coke and a leading refined chemicals producer and supplier together with relevant operation management services provider in China, has announced its interim results for the six months ended 30 June 2021 ("the Reporting Period"). Profitability increased significantly with profit attributable to owners surging 381.7% to RMB1.69 billion, achieving an outstanding performance approaching the level of the full-year profit in 2020.

In 2021, the Group has remained on its track in growth and expansion from last year, through expansion of self-production, provision of operation management services together with the formation and acquisition of different entities. Revenue for the six months ended 30 June 2021 was RMB18 billion, representing an increase of 121% period-on-period and gross profit margin increased from 14% in 2020 to 18% in 2021. Net profit margin rose significantly to 9%. Basic earnings per share of the Group was RMB40.79 cents, representing an increase of approximately 375% as compared with the corresponding period in 2020. To share the fruit of its outstanding results performance in the first half of 2021 with shareholders, the Board determined to declare an interim dividend of RMB12.30 cents per share, with a total payout of RMB546 million.

Coking industry's profitability continued to improve with greater economies of scale

Benefiting from the continuous increase in selling price, revenue from the coke and coking chemicals manufacturing business soared 92% to RMB7,706 million. Revenue from the refined chemical manufacturing business increased 88% to RMB5,507 million. In order to grasp the market opportunities, the Group will continue to upgrade its internal projects and enhance its competitiveness.

During the Reporting Period, the Group optimized the storage of coal, established an internal coal research institute and improved coal blending in terms of coke structure, blending accuracy, blending costs, etc. Recently, the Group customized coke production for large-scale blast furnace and successfully produced high-quality coke "Risun No. 1" and sold to customers, which operated 2,000 cubic meter blast furnace thereby extending the coke business to cover large-scale blast furnaces area.

The Group will also enhance the production capacity of refined chemicals facilities. Apart from the commencement of annual production capacity of 300,000 tonnes of styrene project in October 2020, the Group is now expanding the production capacity of caprolactam in Hebei and Shandong Provinces in the PRC. At the same time, the Group is further enhancing and developing new refined materials such as nylon and polystyrene, which are expected to release its high value.

Further expand business coverage through mergers and acquisitions and operations management

The Group will strive to increase its market share in independent coke market and specific refined chemicals markets by expanding operation management services together with mergers and acquisitions (including forming joint ventures). China Risun expanded its coke operation management services into Shanxi Province, China in March 2021, where it is responsible for purchasing relevant coke products from the partner at an agreed price and selling the coke products to downstream customers with sales service fees from the counterparty based on the sales volume. In addition, the Group entered into another operation management agreement for an annual production capacity of 1,200,000 tonnes of coke and coking chemicals with a third party coke producer in Jilin Province in the PRC in May 2021.

As at June 30, 2021, China Risun operated and managed totally five projects. This has effectively improved the overall profitability of the Group and expanded the development space and brand influence of the operations management segment.

New hydrogen energy business has great future potential

Apart from Hebei Dingzhou, the Group plans to actively participate in the hydrogen industrialisation plans of Hohhot, Inner Mongolia and Xingtai, Hebei, two hydrogen energy demonstration cities in the PRC. The Group aims at creating a clean low-carbon hydrogen energy supplier. Focusing on the rapid development of hydrogen energy industry in the Beijing-Tianjin-Hebei area, the Group is committed to develop projects ranging from production, storage, transportation, hydrogenation to usage together with radiation of intelligent supply of hydrogen to the whole country with advanced technology and wider customer-oriented services.

Actively expand its business to overseas

Since 2021, the Group has explored opportunities in different parts of Asia. The Group expanded its geographic layout from the PRC to Indonesia in June 2021 by establishing joint ventures with other large-scale enterprises. The Group has chosen Indonesia Morowali Industrial Park, one of the exemplary cooperation projects under the Belt and Road Initiative as another strategic move to expand its coke production capacity overseas. The project is in the early stage of construction, with a planned construction period of 13-18 months. It is expected to be put into full production begin in the middle of 2023. Dozens of large-scale metal smelting enterprises have or are planning business establishments in the park and the demand for coke is expected to be enormous in the future.

Digital transformation empowers coke and chemical industry [longitudinally/ vertically]

The Group was committed to lead the digitalization in the coke and chemical industry by continuous innovation throughout the whole process from procurement, manufacturing to sales of the products, aiming at realizing the development of "green, agglomeration, intelligence, and high-end" in the and chemical industry. "Risun Digital", the subsidiary of the Group, introduced the "Risun Industrial Cloud", which supported the Group's own digital strategic needs and actively promoted the application to the other market participants in the coke industry. By building an open cooperation platform to empower the coke and chemical industry vertically, the Group aimed to assist the digital transformation not only to the coke and chemical industry but also the energy industry.

About China Risun Group Limited
China Risun Group Limited is the world's largest independent producer and supplier of coke by volume in 2020, according to Frost & Sullivan. China Risun is an integrated coke, coking chemicals, refined chemicals and hydrogen energy products producer and supplier and relevant operation management services provider in China and occupies leading positions in a number of refined chemicals sectors both in China and globally. The vertically-integrated business model together with more than 26 years of experience in the coal chemicals industry production chain has enabled China Risun to further tap the downstream refined chemicals markets and hence diversify its income sources and create greater value.

China Risun has been listed on the main board of the Hong Kong Stock Exchange since March 2019 and is now [included/a constituent of] in various index series, including the Hang Seng Composite Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, and Hang Seng SCHK ex-AH Companies Index. For more details, please visit http://www.risun.com/En/

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Quantum Solutions’ Capital Alliance Partner Applies for IPO in Hong Kong

HONG KONG, Aug 30, 2021 – (ACN Newswire) – According to the announcement dated in respect to "Notification for Change in Use of Fund by the Capital Partnership and the 2nd Series of Unsecured Convertible Bond with Stock Acquisition Rights", Quantum Solutions, through Asia TeleTech Investment Limited, an indirect wholly-owned subsidiary, invested in Limited Partnership ("LLP") which in turn has invested in SenseTime Group Inc. ("STG"). The Group noticed that STG had filed an initial public offering (IPO) application with The Stock Exchange of Hong Kong Limited on August 27, 2021.

Details of this IPO will be disclosed as soon as possible after confirmation.

Quantum Solutions Co.,Ltd. Company Summary
Company name: Quantum Solutions Co.,Ltd.
(Second section of the Tokyo Stock Exchange Stock code: 2338)
Address: 102-0073. Kudan VIGAS Bldg. 3F, 1-10-9 Kudan Kita, Chiyoda-ku, Tokyo, Japan
Representative: SHAO YUN, Chairman of the board
Capital: 2,559 million yen
Businesses: Content development and distribution Software development
Company URL: https://www.quantum-s.co.jp/en/

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