TANAKA to Establish New Building at Hukou Plant, Expanding Its Precious Metal Recycling Business in Taiwan

TOKYO, Jul 21, 2022 – (ACN Newswire) – TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka) has announced that it will establish a new building at the Hukou Plant in Hsinchu County, Taiwan.

Expected appearance of the new building at Hukou Plant

The new building will be constructed with an investment of approximately 3.5 billion yen to create a "one-stop service" for precious metal recycling and further expand business in Taiwan. It is planned to have eight floors above ground and one basement floor, making the total floor area of the Hukou Plant approximately six times larger after completion. The plant is scheduled to begin operation in the first half of 2025.

TANAKA Kikinzoku Kogyo expects to expand its recycling business in Taiwan by 2026 to provide a stable supply of precious metal materials and contribute to Taiwan's semiconductor industry, which has a large share of the entire semiconductor market.

Taiwan TANAKA Kikinzoku Kogyo has been engaged in the precious metal recovery and refining business in Taiwan since the establishment of the Hukou Plant in 2005. TANAKA Kikinzoku Kogyo has decided to further expand its precious metal recycling business because of the increase in demand for semiconductors in recent years and the growing worldwide trend toward reducing environmental impact and increased need for sustainable materials and products.

Currently, TANAKA Kikinzoku Kogyo is expanding its precious metal recovery and refining business by working in cooperation with local companies and conducting processing work outside of Taiwan. With the establishment of the new building, TANAKA Kikinzoku Kogyo aims to conduct business solely in Taiwan. In addition, precious metals such as precious metal plating waste liquid, production scraps, and used catalysts for automobiles and petrochemicals can be recycled with a high recovery rate, refined to high purity, and recovered as products that customers desire. By completing all processes in Taiwan, TANAKA Kikinzoku Kogyo believes that it can contribute to the reduction of import and export processes.

An important part of recycling precious metals is the ability to analyze the amount of precious metals contained in the materials that are recycled. TANAKA Kikinzoku Kogyo has advanced precious metal analytical techniques* cultivated through many years of research and development, allowing products collected from customers to be evaluated accurately.

*As one measure of our assaying capabilities, TANAKA Precious Metals is one of only five companies worldwide, and the only company in Asia, to be accredited as a Good Delivery Referee by both the LBMA and LPPM, the most authoritative market-monitoring organizations worldwide. TANAKA Precious Metals is also the first company in Japan to acquire ISO/IEC 17025 accreditation for our platinum, gold, silver, and palladium assay competence.

By expanding its recycling business through the "one-stop service" of precious metal recovery and refining in Taiwan, TANAKA Kikinzoku Kogyo will contribute toward the creation of a society that prioritizes recycling which is called for worldwide.

Press release in PDF: https://www.acnnewswire.com/docs/files/2022721_EN.pdf

About Taiwan TANAKA Kikinzoku Kogyo

Taiwan TANAKA Kikinzoku Kogyo began manufacturing electrical contacts when it established the Hsinchu Plant in 1987. After that, it established the Hukou Plant in 2005 and started recovering and refining precious metals under a reuse license.

In order to provide cutting-edge technology and high-quality service, the Hukou Plant has many years of operating experience and has installed precious metal refining equipment equivalent to that of Japanese plants. Taiwan TANAKA Kikinzoku Kogyo also has several Japanese engineers on site to provide the same high-quality service as in Japan and offer customers technical support for precious metal plating and proposals for precious metal recovery systems.

Overview of the new building
Plant name: TANAKA Kikinzoku Kogyo Co., Ltd. New Building at Hukou Plant
Total floor area: Approx. 8,300 m2
Structure: Eight floors and one basement floor
Description of business: Manufacture of precious metal industrial products, and recovery and refining of precious metals
Start of operations: Scheduled for the first half of 2025

Taiwan TANAKA Kikinzoku Kogyo Co., Ltd.
Head Office: 11F-2, 88 DunHua North Rd., Songshan District, Taipei City, 105410, Taiwan
Founded: 1986
Representative: Takumi Shichita, Chairman
Description of business: Manufacture of electrical contacts, processing of wire rods, and recovery and refining of precious metals

About TANAKA Precious Metals

Since its foundation in 1885, TANAKA Precious Metals has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volumes of precious metals handled. Over the course of many years, TANAKA has not only manufactured and sold precious metal products for industry but also provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and around the world collaborate and cooperate on manufacturing, sales, and technology development to offer a range of products and services. With 5,225 employees, the group's consolidated net sales for the fiscal year ending March 31, 2022, was 787.7 billion yen*

*From the current consolidated fiscal year, the amounts of sales for some transactions are indicated as net values due to application of the Accounting Standard for Revenue Recognition.

Global industrial business website
https://tanaka-preciousmetals.com

Product inquiries
TANAKA Kikinzoku Kogyo K.K.
https://tanaka-preciousmetals.com/en/inquiries-on-industrial-products/

Press inquiries
TANAKA Holdings Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

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JE Cleantech Secures More Than US$700,000 in New Orders During the First Half of 2022, Expands Capabilities into Tech Hardware

SINGAPORE, Jul 14, 2022 – (ACN Newswire) – JE Cleantech Holdings Limited (Nasdaq: JCSE), (the "Company"), a Cayman Islands company whose group operations are based in Singapore, today announced the receipt of a new order by its subsidiary, JCS-Echigo Pte Ltd, from a major customer in Singapore. Under this new order, the group will design, develop and manufacture a new precision cleaning system under the customer's specified requirements. The new order is valued at approximately US$700,000 and represents an expansion of JE Cleantech Holding's presence in the tech hardware industry.

The new customer designs and manufactures sensor products. The new customer is part of the international group that serves clients worldwide. With the new precision cleaning system by JCSE, the new customer will be able to deliver better services to its customers.

JE Cleantech Holdings has experience in manufacturing precision cleaning systems for a wide range of sectors – past orders include cleaning and equipment manufacturing for hard disk drives, semiconductors, biomedical, food and beverage, and industrial electronics companies. As a leading homegrown industrial manufacturer with a long and proven track record, the entry into this new sector demonstrates JE Cleantech's ability to apply its expertise to different sectors to scale and support its growth.

The precision-cleaning equipment manufacturing market in Singapore is estimated to reach an estimated S$143.0 million by 2025, marking a CAGR of 9.0 percent over the forecasted period. It also reflects an optimistic market outlook for the precision cleaning industry. The group also provides cleaning equipment and centralized washing services for food courts, hawker centers, restaurants, cookhouses, eldercare homes, and an inflight catering service provider. The Company has also maintained a healthy balance sheet through the height of the pandemic, the new partnership is the first step in a strong recovery for Singapore's industrial sector and positive prospects for the years to come.

In the near term, JE Cleantech intends to double production capacity. The Company is looking to further expand its product portfolio and increase the size of its R&D and engineering team. Longer-term, the Company aims to become the preferred choice for all industrial precision cleaning needs in Singapore.

About JE Cleantech Holdings Limited

JE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company also has provided centralized dishwashing services, through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. http://www.jecleantech.sg/

For Media Enquiries and Investor Relations, please contact:
jcse@preciouscomms.com

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JE Cleantech Secures More Than US$700,000 in New Orders During the First Half of 2022, Expands Capabilities into Tech Hardware

Sevens Atelier – Luxury Design and Build Consultancy, embarks on next phase of growth as a listed entity

Singapore, Jul 6, 2022 – (ACN Newswire) – Sevens Atelier Limited (the "Company" or "Sevens Atelier") would like to announce today its completion of the proposed acquisition of Sevens Creation Private Limited's Design and Build business. This will propel forward the Company's vision of a comprehensive and innovative Design and Build consultant for premium landed properties in Singapore.

Headquartered in Singapore, Sevens Atelier taps on the expertise of a holistic in-house execution and advisory team, establishing itself as a premier Design & Build solutions provider with an innovative edge in the premium landed property space. The Company boasts a proven track record of notable design-build projects in prime residential districts, such as Orchard Rd, East Coast, Bukit Timah and Sentosa. Sevens Atelier is well-poised to build trust with its clients and continuously elevate their artisanal capabilities in the Design and Build space.

As landed property prices in Singapore are expected to remain firm, if not experience an upward trend , demand for design consultancy services is also expected to face a corresponding increase, offering potential growth opportunities for the Company.

Key services that will be offered and enhanced by the Company will include Redevelopment and Reconstruction as well as pre-purchase inspection of the homes. Going beyond consultation services for landed properties, as ancillary services to the Design and Build focus, Sevens Atelier will also provide access to pre-leasing consultation services for multinational companies and established players in the food and beverage industry, which will cover minute details such as lighting, furnishing, to turnkey visualisations, without the pressure of prematurely committing to the business space. Sevens Atelier is also set to launch 7s Meta Virtual Homes – to further integrate the physical and virtual aspects of home-building via an immersive 3D experience of virtual reality that will digitally enhance the Design and Build process.

Commenting on the Company's listing status, Chief Executive Officer and Executive Director of Sevens Atelier, Mr. Jeffrey Hong said, "Luxury homes are both a financial and emotional investment, and we wish to operate as a comprehensive concierge service for our clients, leveraging on decades of real estate experience and network to build their dream homes. We are confident that Sevens Atelier will revitalise the home-building and luxury design consultancy space, as we continue to enhance our key offerings through investments in innovative digital solutions."

About Sevens Atelier Limited (SGX:5EW)

Sevens Atelier is a Catalist Board-listed company on the Singapore Exchange (SGX) offering full-fledged consultancy services in the Design & Build industry, including pre-leasing consultations of business spaces and pre-purchase inspections of premium landed properties in Singapore. From consultation to completion, they provide turnkey services to their premium clients. Sevens Atelier is a BCA-certified solutions provider in the Design and Build arena with the goal to constantly improve and evolve. Their artisanal capabilities are a hallmark of their commitment to their clients.

For all media queries, please contact:
Kamal Samuel
Financial PR
T: 6438-2990
E: kamal@financialpr.com.sg

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

ULVAC-PHI Launches Sales of Latest XPS System that Dramatically Accelerates Battery Research and Development

Chigasaki, Japan, Jul 5, 2022 – (ACN Newswire) – ULVAC-PHI Incorporated has launched the PHI GENESIS, an automated and multi-function scanning X-ray photoelectron spectrometer (XPS: X-ray Photoelectron Spectroscopy or ESCA: Electron Spectroscopy for Chemical Analysis). The PHI GENESIS is the united model of PHI's multi-functional scanning XPS instruments and was designed for automation and simplified operation.

PHI GENESIS scanning X-ray photoelectron spectrometer

Background

Advanced materials such as all-solid-state batteries, advanced semiconductors, and artificial photosynthesis are complex combinations of materials, and their research and development require speed in optimizing the performance of each material as well as the combination of materials. There is a growing need for high-performance and highly functional surface and interface analysis that can dramatically accelerate such research and development. ULVAC-PHI begins offering a new surface analysis system that not only offers extremely high basic performance but also a high degree of automation to meet the various individual requirements of worldwide customers. The solution is the new "PHI GENESIS" scanning X-ray photoelectron spectrometer (XPS) from ULVAC-PHI.

Summary

The "PHI GENESIS" XPS is a new product that combines the core "GENESIS" of the PHI surface analysis instruments, which has a 50-year tradition of advanced automation and reduced analysis time, with expandability, and offers overwhelming basic performance in a compact housing.

The "PHI GENESIS" XPS provides high-speed, high-sensitivity, and overwhelming micro XPS analysis performance with automated multi-sample analysis with automatic sample exchange. A high-sensitivity analyzer with an improved counting rate also contributes to high performance. To date, ULVAC-PHI and Physical Electronics USA, a subsidiary of ULVAC-PHI, have developed various world-first XPS analysis technologies including scanning micro XPS and HAXPES (hard x-ray photoelectron spectroscopy), fully automated robotics XPS analysis, full-automatic insulator neutralization analysis, depth profiling of organic materials using cluster etching ion gun. All of these technologies are incorporated into a single instrument, making it possible to provide state-of-the-art XPS analysis technology for all kinds of materials, including metals, semiconductors, ceramics, and organic materials.

Another novel feature of PHI GENESIS is a new software package designed for ease of use and designed for all levels of users, from surface analysis beginners to well-trained scientists, from manufacturing to cutting-edge research and development. We have also prepared several options that allow customers to perform advanced analyses that previously required sophisticated analytical equipment such as a large synchrotron in a typical laboratory environment.

PHI GENESIS is fully compatible with the analysis of today's most advanced composite solid materials and composite solid devices and aims to dominate the global market as an indispensable analytical instrument for speeding up research and development.

About ULVAC-PHI, Incorporated

ULVAC-PHI, Incorporated was founded in 1982 and provides advanced surface analysis instruments to universities and leading-edge industries worldwide for research and development. The company provides comprehensive surface analysis technology-based solutions for materials and devices including metals, polymers, semiconductors, batteries, organic and inorganic devices and microelectronics. For more information, visit https://www.ulvac-phi.com/en/.

X-ray photoelectron spectroscopy (XPS)

XPS (X-ray Photoelectron Spectroscopy) is one of the most popular surface chemical analysis techniques that can provide chemical information on the top few atomic layers of a solid surface. XPS can provide qualitative and quantitative chemical information on solid surfaces by evaluating the energy and intensity of X-ray-induced electrons (photoelectrons). XPS is provided to universities and industrial research facilities as well as for quality control and quality assurance purposes, as it shows excellent features for the analysis of surface and interface phenomena such as coloration, adhesion, sliding, catalyst, thin-film interfaces and electrical contacts.

For inquiries regarding this matter, please contact
Product Strategy Department, ULVAC-PHI Corporation
TEL: +81-467-85-4220 (Sales)

Related website
https://www.ulvac-phi.com
https://www.surf-analysis.com

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

IBI Group Announces FY2022 Annual Results, Steadfast Resilience Albeit Market Challenges

HONG KONG, Jun 30, 2022 – (ACN Newswire) – IBI Group Holdings Limited ("IBI" or the "Company", together with its subsidiaries as the "Group"; Stock Code: 1547), a publicly listed company that holds investments in companies focusing on the Built Environment, today announced its business results for the financial year ended 31 March 2022 ("FY2022").

During the year under review, the Group recorded an income of approximately HK$405.9 million (FY2021: HK$556.7 million). Gross profit was approximately HK$68.0 million (FY2021: HK$79.4 million) and profit attributable to the owners of the Company was approximately HK$27.0 million compared with approximately HK$54.4 million from the previous financial year (which included a one-off gain of approximately HK$43.6 million generated from its strategic investments segment). Basic and diluted earnings per share was HK3.4 cents (FY2021: HK6.8 cents).

The Group maintained a strong financial position with cash and cash equivalents of approximately HK$141.6 million (FY2021: HK$87.1 million) and no bank borrowings as at 31 March 2022. The Board has recommended payment of a final dividend of HK1.0 cent per share for the year ended 31 March 2022 (FY2021: HK4.0 cents).

Business Review

1. Contracting

IBI provides world-class interior fitting out and building refurbishment services in Hong Kong and Macau, undertaking two main types of projects namely fitting-out projects and alteration and addition projects. Owing to its established reputation and proven track record, the Hong Kong component of the Company remained busy during FY2022 despite the continuing shadow cast by the Covid-19 pandemic, completing 11 fitting-out projects and being awarded 14 more. During the year under review, revenue from the segment totaled approximately HK$403.9 million (FY2021: HK$511.0 million) with segmental gross profit increasing by an exceptional 91.0% amounting to approximately HK$67.4 million.

2. Building Solutions

In April 2020, IBI set up its subsidiary, Building Solutions Limited ("BSL"), a provider of products and services that enhance the performance and well-being of the built environment in order to provide modern, healthy and high-performing spaces for its occupants. During the year under review, BSL has been working diligently to develop the business and secure orders. The second year of its operations has shown significant penetration into the market, leading to improved sales figures. BSL has additionally secured distribution rights to a cutting-edge lighting product that has been very well received and will be reflected in the sales figures for the coming financial year. BSL registered a segment loss of approximately HK$2.7 million in FY2022.

3. Strategic Investments

The financial year was spent in part, divesting the Group of its earlier stock investments which had generated phenomenal returns in the previous reporting period. In addition, IBI's efforts were targeted toward property-related investment deals and these efforts have generated considerable early success. During the latter part of FY2022, the Group secured development land in Hokkaido, Japan located in close proximity to a future station of the planned Shinkansen high-speed rail line, and is now working with a local development specialist to establish the most efficient use of the land and the timing of the development. Moving forward, the Group will continue to look at potential investment opportunities. Subsequent to the financial reporting period, the Group recently acquired Adelaide Chambers, a building located in the heart of Dublin, Ireland. The investment is a period building with approximately 20,000 square feet of commercial office space and is a value-add proposition with improvements to be made, in both building upgrades and lease improvements, in order to increase the overall asset value and to secure additional profits for the Group.

Prospects

Hong Kong has now lifted many of the restrictions put in place during the pandemic and life is very quickly returning to normal. The Group is optimistic that Hong Kong will start to regain its full international status once the city's strict quarantine restrictions are further reduced, returning to more normal business activity levels along with stabilization of the market environment. Moving forward, the Group is confident that the capital allocated for its investment will be fully vested within the coming financial year.

Mr. Neil Howard, Chairman and CEO of IBI, said, "Amid unprecedented challenges created by COVID-19 pandemic, we have remained steadfast and resilient in driving our growth and investment strategies. IBI is excited for the year ahead and believes that the business environment will move from strength to strength as we slowly transition into the pre-pandemic period. As a result of our strategic business decisions, IBI continued to deliver stable performance and we are extremely proud to be able to retain our full workforce during these challenging times. We are thrilled to see growth in our subsidiaries, especially BSL, and look forward to reporting significantly improved financials as it moves out of its infancy and into its development phase. Our FY2022 results are a testament to our ability to provide integrated, innovative solutions and we look forward to bringing stronger results and add long-term value to shareholders."

About IBI Group Holdings Limited (stock code: 1547)
IBI Group Holdings Limited is a publicly listed holding company on the Hong Kong Stock Exchange, focused on investments in the Built Environment. The Group's investments whilst principally centering around the role of contracting, including businesses providing an innovative, high-quality product and supply solutions across a diverse range of the built environment. Our mission is to deliver premium products, services and customer experiences with a strong influence on innovation, sustainability and wellness. For more information, please refer to IBI's website: https://ibighl.com/.

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

Tat Hong Equipment Service Co., Ltd. Announces FY2022 Annual Results

HONG KONG, Jun 29, 2022 – (ACN Newswire) – Tat Hong Equipment Service Co., Ltd. ("Tat Hong" or the "Company", together with its subsidiaries, the "Group") (Stock Code: 2153), the first foreign-owned tower crane service provider established in the PRC, has announced its annual results for the year ended 31 March 2022 ("FY2022" or the "Year").

In FY2022, the Group recorded revenue amounting to RMB867.0 million, representing a 9.3% increase from that for the year ended 31 March 2021, primarily due to the increase in the number of both self-owned and rented tower cranes, the majority of which had been working on-site and generating revenue. The Group's total Tonne Metres in use increased from approximately 2,491,629 in FY2021 to 3,112,084 in FY2022.

Gross profit decreased by approximately 14.3% to RMB234.1 million for the Year. Profit for the year amounted to RMB47.6 million for the Year (FY2021: RMB101.2 million). The decrease was primarily due to the impact of accounting treatment (a non-cash adjustment) on the value of the shares awarded to the top management of the Company in March 2022 under the share award scheme contributed by the shares of the Company owned by the controlling shareholders of the Company. The Board of Directors recommended the payment of a final dividend of HK1.6 cents per share.

As at 31 March 2022, the Group had 288 projects in progress with a total outstanding contract value of approximately RMB569 million and 42 projects on hand with a total expected contract value of approximately RMB102 million. Of these projects, the Group expects to complete contract work of approximately RMB497 million by the year ending 31 March 2023, demonstrating high and solid earnings visibility in the forthcoming year.

Mr. Sean Yau, CEO of Tat Hong Equipment Service Co., Ltd. said, "FY2022 was a tough year not only to us, but to the entire market as well. Despite COVID-19 pandemic prevention and control measures, vaccination rates have begun to rise in various countries, and economies including China are gradually recovering. However, global public health, economy and employment are still adversely affected by it. With the continued occurrence of COVID-19 pandemic situation across the world, the global market is still facing many uncertainties under the pandemic. We will take this opportunity to expand new market opportunities and continue to provide customers with one-stop tower crane solution services."

During the Year, the Group expanded its business by purchasing additional tower cranes and relevant ancillary parts and components to meet the increasing customers' demand. As at the date of this announcement, a total of 1,180 tower cranes were managed by the Group, equipped to cater for the Group's customers' specialised range of EPC projects throughout the PRC. As a well-recognised foreign-owned tower crane service provider in the PRC, the Group has also built a strong reputation in our awareness to workers' safety, service quality and technical strength. The Group currently possesses 77 registered patents for utility models and inventions relating to tower cranes.

In addition to enhancing the manufacturing capability, the Group has continuously enhanced its remanufacturing and reprocessing capabilities for tower cranes and their ancillary structural components, as well as committed to providing a green service and to improving the operational and management efficiency through developing the digital management platform "iSmartCon".

Looking ahead, we will focus on operation of medium and large size tower cranes to meet the growing needs for prefabricated construction, and to establish a standardized post market service eco-system for tower cranes so as to provide a green, safe and environmental friendly tower crane service foundation.

Mr. Roland Ng, Chairman of Tat Hong Equipment Service Co., Ltd. concluded, "Going forward, the Group, with the effective execution of the PRC prevention and control policies, will continue to pay attention to the situation of the COVID-19 pandemic to ensure the safety of the employees and to mitigate its negative impact on the financial position and operating results. We will continue to consolidate our strengths and leading position in the market with a view to capture the huge market growth opportunities, driving sustainable long-term business and bringing satisfactory returns to our shareholders."

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

Grand Ming Group Holdings Limited Announces Annual Results for the Year Ended 31 March 2022

HONG KONG, Jun 24, 2022 – (ACN Newswire) – Grand Ming Group Holdings Limited (the "Company" and together with its subsidiaries, the "Group", stock code: 1271.HK) today announces its annual results for the year ended 31 March 2022 ("FY 2021/22").

Highlights
— Revenue amounted to HK$817.9 million, a decrease of 45.2% from the previous financial year.
— Net profit for the year was HK$17.5 million, representing a decrease of 88.2%.
— Proposed payment of final dividend of 4.0 HK cents per share.
— Stay positive toward lucrative business of owning and operating data centres via expanding portfolio of developing two new centres in near future.
— Seize opportunity to increase land reserve for property development in Hong Kong.
— Execute the plan for property development in Nanning, Guangxi Province, China targeting for luxurious senior residential market.

The Group's consolidated revenue decreased approximately 45.2% from approximately HK$1,492.4 million for the year ended 31 March 2021 ("FY 2020/21") to approximately HK$817.9 million for FY 2021/22. The decrease was primarily caused by lower revenue recognised from the building construction project at Kai Tak which was at the completion stage during FY 2021/22.

The Group's net profit for FY 2021/22 amounted to approximately HK$17.5 million, representing a decrease of 88.2% when compared to that of approximately HK$149 million for FY 2020/21. Earnings per share was 1.2 HK cents (2021: 10.5 HK cents). The deterioration in results for FY 2021/22 was attributed by (i) reduction of revenue and profit recognised from the Kai Tak construction project which was at the completion stage; (ii) lower profit attained from the sales of typical units of Cristallo project; and (iii) loss incurred in certain variation orders of a completed construction project. Disregarding the changes in fair value of investment properties, the Group recorded an underlying loss of approximately HK$75.2 million (FY 2020/21: underlying profit of HK$148 million).

The Group believes a long-term high dividend policy is the best reward for our loyal shareholders. The Board now recommends to pay a final dividend for FY 2021/22 of 4.0 HK cents per share. Together with the interim dividend of 4.0 HK cents per share and special interim dividend of 20.0 HK cents per share already paid, the total dividends for FY 2021/22 amounted to 28.0 HK cents per share.

During FY 2021/22, revenue derived from the construction business decreased by approximately 65.1%, from approximately HK$1,133.7 million for FY 2020/21 to approximately HK$395.5 million for FY 2021/22. The decrease was primarily attributed to lower revenue recognised from the Kai Tak construction project which was at the completion stage during FY 2021/22.

The data centre leasing business recorded healthy growth in the year under review, representing a testament to the resiliency of the portfolio and right strategy over the years. Revenue derived from its two high-tier data centre buildings, namely iTech Tower 1 and iTech Tower 2 increased approximately 18.4%, from approximately HK$164.7 million for FY 2020/21 to approximately HK$195.0 million for FY 2021/22, primarily driven by increased utilisation of data centre spaces in iTech Tower 2 by committed customers.

The Group looks ahead from a position of strength to a focus on growth, and continues to execute the strategy of creating a stable and growing cash flow stream, the Group further diversifies its footprint for high-tier data centres. The two greenfield sites at No.3 On Kui Street and No.8 On Chuen Street in Fanling, the New Territories will be developed into two new high-tier data centres for leasing purposes, with an estimated gross floor area of approximately 185,000 square feet in aggregate. Currently the application for change of land use change of both sites by way of land exchange are in progress. The development at No.3 On Kui Street and No.8 On Chuen Street is scheduled for completion in mid-2025 and mid-2026 respectively.

The Group's luxury residential project, CRISTALLO, at No. 279 Prince Edward Road West, Kowloon was well sold. During the year sales of 6 residential units were completed, and revenue of approximately HK$221.7 million was recognized accordingly.

"The Grand Marine" in Tsing Yi had achieved an encouraging sales performance, with over 92% of the units sold cumulatively. The certificate of compliance of the development was granted in March 2022. Accordingly, handover of the sold units to the buyers commenced from mid-April 2022, with HK$4.75 billion revenue recognised in the first half of our financial year 2022/23.

For the property development in Mainland China, the Group acquired its first land parcel in July 2021 through government public auction. The land parcel is located at Guangxi-ASEAN Economic and Technological Development Zone, Wuming District, Nanning City, Guangxi Province. The site has an area of approximately 574,000 square feet, and is planned to be developed into a luxury residential project under the theme of leisure and healthy lifestyle targeting customers at the elderly and retirees and their families. The preliminary design comprises high-rise apartment units, villas, retail shops and a wellness centre. The estimated gross floor area of the proposed development is approximately 1,100,000 square feet. Site clearance works had been completed. Planning and design works are in progress.

Mr. Chan Hung Ming, Chairman and Executive Director of Grand Ming Group Holdings concluded, "The achievement of our first property development project of the Grand Marine confirms our successful transition to a property developer which emboldens us to deliver satisfactory results in the coming year. We will continue to launch the sales for the remaining units of the Grand Marine and Cristallo so as to contribute further cash inflows to the Group."

"Looking forward, year 2022 remains a year full of challenges conditioned by heightened uncertainty, including potential resurgence of another wave of covid-19 infections, local interest rate hike triggered by the U.S. Federal Reserve's move to hike rates and the global geopolitical tensions. On the other side, resilient demand from the local end-users, limited land supply and low mortgage rate environment continued to support the local residential mass market. We maintain a cautiously optimistic view on the residential property market. Facing with these challenges and uncertainties, we would continue to adopt our prudent approach in managing the Group's businesses and strategies, and searching meticulously for suitable new property development projects both in Hong Kong and Nanning City of Mainland China to build the long-term development roadmap of the Group. The acceleration of digital transformation in business operations and communication among individuals during the pandemic had led to a surge in demand of high-tier data centres and therefore we are committed to developing our two new data centres in Fanling and looking for new pipelines for growth."

About Grand Ming Group Holdings Limited (Stock code: 1271.HK)
The Group is principally engaged in the business of building construction, property leasing and property development. As a local wholesale co-location provider of high-tier data centres, the Group is one of the dedicated service providers in Hong Kong which owns and uses the entire building for leasing to customers for data centre use. Its clientele includes multinational data centre operator, telecommunications company and financial institutions. The Group operates two high-tier data centre buildings, namely iTech Tower 1 and iTech Tower 2. It also acquired two pieces of land in Fanling, the New Territories for developing into two high-tier data centres. Furthermore, the Group launches a residential development project namely "The Grand Marine" at Sai Shan Road, Tsing Yi, as well as a luxury residential project, Cristallo, at Prince Edward Road West, Kowloon. The Group owns a piece of land at No.1 Luen Fat Street, Fanling, New Territories and a site at No. 41, 43, 45 Pau Chung Street, To Kwa Wan, Kowloon, for developing each into a residential-cum-retail complex with an aggregate gross floor area of approximately 67,000 square feet. In Mainland China the Group owns a piece of land at Guangxi-ASEAN Economic and Technological Development Zone, Wuming District, Nanning City, Guangxi Province with a site area of approximately 574,000 square metres and the estimated gross floor area of the proposed residential development is approximately 1,100,000 square feet.

Media Contacts:
Angel Yeung
Jovian Communications Ltd
Email: news@joviancomm.com

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TANAKA Establishes New Ruthenium Film Deposition Process that Contributes toward Miniaturization and Improved Durability of Semiconductors

TOKYO, Jun 23, 2022 – (ACN Newswire) – TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which operates the TANAKA Precious Metals manufacturing business, announced today that TANAKA has established a two-stage film deposition process using the liquid ruthenium (Ru) precursor "TRuST." TRuST is a precursor that has excellent reactivity with both oxygen and hydrogen and can form high-quality ruthenium films. This process is a two-stage atomic layer deposition (ALD) process that uses hydrogen film formation to create a thin anti-oxidation film and oxygen for the deposition of a high-quality ruthenium film. It eradicates concerns that the substrate will become oxidized and, at the same time, can prevent the drop in ruthenium purity that occurs during hydrogen film deposition.

The film deposition process was proposed by Professor Soo-Hyun Kim from the School of Materials Science and Engineering, College of Engineering, Yeungnam University in South Korea. The development and evaluation of the film deposition process were jointly conducted by Professor Kim and TANAKA Kikinzoku Kogyo.

This technology is expected to achieve greater miniaturization and improved durability of semiconductors. It can therefore be expected to be used in data centers and smartphones – which require even greater data processing capabilities – and contribute toward advanced technologies such as IoT and autonomous driving, which require sophisticated technological innovations.

Two-Stage Film Deposition Process Using Oxygen And Hydrogen

TANAKA Kikinzoku Kogyo is developing high-purity precious metal precursors?centered on ruthenium?for next-generation semiconductors. So far, single-stage film deposition using oxygen has been the mainstream process for film deposition. However, the company has now succeeded in a two-stage film deposition process using oxygen and hydrogen.

This two-stage film deposition process reduces the risk of surface oxidation of the base caused by hydrogen film deposition and allows high-purity film deposition that maintains ruthenium purity at almost 100% using oxygen film deposition. Furthermore, by forming the base first using hydrogen film deposition, the ruthenium film on top of the base created using oxygen film deposition will be smooth and dense, achieving a lower resistance than before.

Generally, specific resistivity increases when film thickness decreases, which is an issue in film deposition of semiconductors. With this new process, it was confirmed that an even lower resistance results from a two-stage film deposition that uses hydrogen in addition to oxygen film deposition, especially in the range of 10 nm and below. As semiconductors become even smaller in scale in the future, demand for thinner film deposition with low resistance is also expected for ruthenium films, and a two-stage film deposition allows this issue to be resolved. In addition, the new low-resistance, high-purity ruthenium film created by the two-stage film deposition can be achieved using the same raw materials and film deposition temperature for both stages. Therefore, film deposition is possible using the same film deposition equipment, allowing capital investment costs to be suppressed. Details will be announced at the AA2-TuA: ALD for BEOL session of the ALD 2022 conference being held in Ghent, Belgium, on June 28, 2022.

TANAKA Kikinzoku Kogyo's Liquid Ruthenium Precursor "TRuST"

In the past, the most common thin film and wiring materials used for semiconductors were copper, tungsten, and cobalt, but there are increasing expectations for the precious metal ruthenium to promote greater miniaturization of semiconductors because of its lower resistance and higher durability. Therefore, TANAKA Kikinzoku Kogyo developed TRuST – a liquid ruthenium precursor for chemical vapor deposition (CVD) and ALD that achieved the world's highest vapor pressure value – and started providing samples in 2020.

By increasing to the world's highest vapor pressure value, which is more than 100 times higher than existing precursors, this precursor raises the concentration of precursor in the film deposition chamber and the adsorption density of precursor molecules on the substrate surface, achieving excellent step coverage and improved film deposition speed.

State of the Semiconductor Industry and Background

The progress of advanced technologies such as IoT, AI, 5G, and the metaverse has led to rapidly increasing volumes of digital data used by digital devices such as smartphones. Therefore, in the development of semiconductors, the need for even greater miniaturization is increasing to enable the creation of devices with higher performance and lower energy consumption. In the aspect of durability, degradation due to base oxidation is also a major issue in semiconductor development. Furthermore, the development of electric vehicles and self-driving cars requires similar needs for the miniaturization of automotive semiconductors along with further improvement in durability.

In the semiconductor industry, which will require greater miniaturization and improved durability in the future, TANAKA Kikinzoku Kogyo seeks to further reduce costs and achieve higher quality by improving the film deposition speed of liquid ruthenium precursors. At the same time, the company will contribute to greater miniaturization and improved durability of semiconductors to support the development of new advanced technologies enabled by semiconductors.

Press release in PDF: https://www.acnnewswire.com/docs/files/202206_EN.pdf

About TANAKA Precious Metals

Since its foundation in 1885, TANAKA Precious Metals has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volumes of precious metals handled. Over the course of many years, TANAKA has not only manufactured and sold precious metal products for industry but also provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and around the world collaborate and cooperate on manufacturing, sales, and technology development to offer a range of products and services. With 5,193 employees, the group's consolidated net sales for the fiscal year ending March 31, 2021, was 1,425.6 billion yen.

Global industrial business website
https://tanaka-preciousmetals.com

Product inquiries
TANAKA Kikinzoku Kogyo K.K.
https://tanaka-preciousmetals.com/en/inquiries-on-industrial-products/

Press inquiries
TANAKA Holdings Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

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Sarawak Consolidated Industries Berhad Welcomes New Batch of Trainees for Industrial Training

KUCHING, MALAYSIA, Jun 15, 2022 – (ACN Newswire) – Sarawak Consolidated Industries Berhad (SCIB), a civil engineering specialist, is pleased to welcome a new batch of trainees from Institut Latihan Perindustrian Kota Samarahan (ILPKS), Sarawak, to the Company for physical training as part of the industrial training programme in their final year.

Rosland bin Othman, Managing Director and Chief Executive Officer of SCIB

ILPKS was established by the Department of Manpower under the Ministry of Human Resources in 1999, to meet the needs of Malaysia's skilled workforce by providing vocational training at the intermediate level with specialisation in high-tech fields and in-line with the need for technological developments in the manufacturing sector.

The trainees were accepted into the programme following a Memorandum of Understanding (MoU) signed between the SCIB and ILP Kota Samarahan in October 2020. The MoU gives opportunities for industrial students to undergo training; offers industrial instructors places for industrial attachment training; offer job opportunities to qualified Institut Latihan Jabatan Tenaga Manusia graduates and offers short-term courses to SCIB employees who want to upgrade their skills.

At the ILPKS Convocation Ceremony today, Managing Director and Chief Executive Officer of SCIB, Encik Rosland bin Othman, said, "Professional management on human capital is what we strive to do in SCIB. The younger generations are the future of any institution and even the country and that is why we must focus on the youth as they are the foundation of our society."

"We provide them with a platform to learn and grow, thus giving them better understanding of their craft and the industry. Employment shall be given to promising students as well. We also believe that providing opportunity for our employees to expand their knowledge, expertise and experience with the course."

Over the years, SCIB has trained approximately 179 trainees with specific skillsets such as engineering, accounting, business management and construction, while pursuing their certification, diploma and degree. These skillsets allowed the trainees to be employed in their chosen careers. Several trainees had the opportunity to be a part of the SCIB family.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], scib@scib.com.my, http://scib.com.my

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