Spritzer EcoPark Lights Up for Raya

KUALA LUMPUR & TAIPING, Apr 14, 2023 – (ACN Newswire) – SPRITZER EcoPark is kicking off the Hari Raya festivities with the theme "Raya, Mestilah Meriah!" and welcomes all nature lovers to the pristine 390-acre Spritzer landbank to take a stroll around the green spaces while enjoying themselves with their families and friends.





Spritzer EcoPark will light up from now until 22 May 2023 to welcome visitors from near and far while festive decor with a modern flair but reminiscent of "balik kampung" memories greet them as they spend time with loved ones and take photos for keepsakes. In keeping with Spritzer's sustainability initiatives, recycled bottles will feature as part of the decorations continuing to bring people together to appreciate nature and its important role in sustainability and clean water sources.

To enliven the festive occasion, from 21 April to 30 April 2023, Spritzer EcoPark will have pedal kart rides, mini golf, crafting with recycled materials, outdoor giant bubble as well as snacks and drinks. A highlight for drinks is the newly added Sparkling Nanas Laici, a recipe specially created by Khairul Aming and approved by Spritzer ambassadors and local artiste Ayda Jebat and Meerqeen, will be available during the Hari Raya festivities.

As part of the Spritzer Sparkling campaigns, those who purchase two 1-litre bottles of Spritzer Sparkling will get two golden stirrers for free. There will also be other Spritzer products and combo pack promotions.

Spritzer wishes all Selamat Hari Raya, Maaf, Zahir dan Batin!

Image Download Link: https://www.dropbox.com/scl/fo/2qzavx2t1zrwqit3sb1ya/h?dl=0&rlkey=0om1z0sws2e43l5ic5umufu0m

About Spritzer Bhd

Spritzer Group of Companies comprises a total of eight business subsidiaries, specialising in manufacturing and distribution of natural mineral water, sparkling natural mineral water, distilled drinking water, non-carbonated fruit flavoured drink and carbonated fruit flavoured drink. The company has been in operation for more than 30 years, and is the country's largest, and only listed bottled water producer. For more information, please visit www.spritzer.com.my.

Spritzer Bhd: [Bursa: SPRITZER; 7103] [RIC: SPTZ:KL] [BB: SPZ:MK] [OTC: SPZRF], https://www.spritzer.com.my

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Moolec Science Acquires Food Ingredient Capabilities to Consolidate Molecular Farming Technology

Luxembourg, Apr 11, 2023 – (ACN Newswire) – Moolec Science SA (NASDAQ:MLEC; "Company"; "Moolec"), a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, announced today the acquisition of plant-based food ingredient capabilities dedicated to the production and commercialization of functional soy proteins. This will help to accelerate Moolec's growth in the food ingredients industry by expanding its commercial network with a top-notch sales team and complementing its Molecular Farming Platform with industrial capacity, downstream operations, and a highly experienced team of professionals.

"This strategic decision accelerates our business plan's execution by combining existing commercial and manufacturing capabilities in different geographies, with the deep-science approach of our Molecular Farming Platform. As a result, Moolec is well-positioned to accelerate its sales ramp ahead of schedule starting in the 2023/2024 period with estimated revenues in the range of $6 million," said Jose Lopez Lecube, Moolec Science's Chief Financial Officer.

These Food Ingredient Capabilities resulting from the integration of ValoraSoy include state-of-the-art industrial facilities with a processing capacity of 10,000 tons strategically located in one of the main Argentine soybean corridors; a team of technicians, engineers, agronomists, and plant-based professionals; and commercial channels in more than 14 countries on three different continents. Soy-based protein ingredients are manufactured using several extrusion technologies and processes which yield ingredients with texture and fibrousness similar to meat. These solutions are utilized in several end products such as hamburgers, sausages, and other plant-based products in the traditional and alternative food industries, industrially and commercially complementary with Moolec's Molecular Farming pipeline.

Henk Hoogenkamp, Chief Product Officer and co-founder of Moolec, declared, "We believe plant-based technologies and Molecular Farming taken together have the power to contribute towards global food security. Moolec is developing the plant-proteins of the future by using highly efficient high-protein crops, in this case soybeans, to produce a wide variety of proteins naturally found in animals. Combining these crops with ValoraSoy's capabilities, we can accelerate our technology rollout but also specifically target certain solutions by incorporating real-time feedback from existing customers around the globe. Leveraging this position, we can consolidate our Molecular Farming platform and lower the cost of protein-rich foods as we drive functionality, nutrition, and affordability for the up-and-coming economies of the world," he finished.

The transaction contemplates acquiring 100% of ValoraSoy in exchange for $6 million, of which ~$2.5 million is paid in cash, and the rest is paid with Moolec's shares in three years based on vesting and business metrics. Pursuant to the share purchase agreement, the Company will retain a portion of the purchase price for a period of 12 months after signing of the transaction documents. The payment in shares is subject to vesting and the achievement of business milestones over a period of three years.

Moolec will give a Business Update in Mid-May to review the overall progress of the Company and the most recent events. For more information on ValoraSoy, click here. https://pr.report/vDljhCca

About Moolec Science SA

Moolec is a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, a disruptive technology in the alternative protein landscape. Its purpose is to upgrade the taste, nutrition, and affordability of alternative protein products while building a more sustainable and equitable food system. The Company's technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec's technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company's product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like safflower, soybean, and pea. Moolec has a growing international patent portfolio (23, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit www.moolecscience.com.

Forward-Looking Statements

This press release contains "forward-looking statements." Forward-looking statements may be identified by the use of words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec Science S.A. ("Moolec") are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec's business and other risks and uncertainties, including those included under the header "Risk Factors" in the Form F-1 Registration Statement filed with the U.S. Securities and Exchange Commission ("SEC"), as well as Moolec's other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information
Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Martin Taraciuk
Investor Relations
ir@moolecscience.com

Michael Bowen
ICR, LLC
moolecir@icrinc.com

Related Files
https://cdn.newswire.com/files/x/2e/4f/a161cc02bf67fbb809ea3bc328f3.pdf

SOURCE: Moolec Science

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

PT Resources Posts 32% Gain in 3Q Revenue to RM115.4 Million

KUALA LUMPUR, Mar 28, 2023 – (ACN Newswire) – PT Resources Holdings Berhad, a processor and trader of frozen seafood products, and trader of other food products, today announced that the Company's revenue increased 32.0% to RM115.4 million for the third quarter ended 31 January 2023 (3Q FY2023) compared with RM87.4 million in the corresponding quarter of the previous financial year (3Q FY2022).


Managing Director of PT Resources, Heng Chang Hooi


For the quarter under review, the Company's gross profit (GP) gained 58.1% to RM15.3 million compared with RM9.6 million in 3Q FY2022 while profit before tax (PBT) decreased by 55.4% to RM2.1 million. On a segmental basis, the processing and trading of frozen seafood products business contributed revenue of RM108.8 million in 3Q FY2023 while the trading of other products business contributed revenue of RM6.6 million. By geographical market, Malaysia contributed revenue of RM57.7 million while overseas markets comprising China and Saudi Arabia contributed revenue of RM57.7 million.

For the nine months ended 31 January 2023 (9M FY2023), the Company's revenue increased 29.3% to RM356.1 million compared with RM275.4 million in 9M FY2022. GP increased 35.6% to RM42.3 million in 9M FY2023 compared with RM31.2 million in the corresponding period of the previous financial year while PBT increased 7.5% to RM18.3 million compared with RM17.0 million. For the 9M FY2023, there was also an 84.0% increase in administrative expenses to RM23.9 million due to one-off expenses resulting from listing expenses of RM4.0 million, an unrealised loss of RM4.6 million from foreign exchange volatility in 3Q FY2023 and, increase in staff costs of RM1.3 million.

Managing Director (MD) of PT Resources, Mr. Heng Chang Hooi said, "Over the longer term, we are optimistic for growth but in the short term, there are challenges arising from cost pressures that has affected our operations directly and indirectly while foreign currency volatility has also impacted profitability. We are committed to growing our market domestically through strengthening access to channel partners and opening up more of our MO Foodmart outlets locally while in the overseas markets, we are planning to increase supply to China."

"The Company's financial performance for the quarter was mainly due to an increase in domestic demand with the reopening of the economy while the increase in overseas demand was due to a rise in orders from existing customers in China in anticipation of higher demand for frozen seafood following the relaxation of COVID-19 quarantine rules."

PT Resources Holdings Bhd: 0260 [BURSA: PTRB], https://www.ptresourcesgroup.com.my/

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Nissin Foods Announces 2022 Annual Results, Adheres to Premiumisation Strategy to Drive Business Growth

HONG KONG, Mar 27, 2023 – (ACN Newswire) – Nissin Foods Company Limited ("Nissin Foods" or the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) has announced its annual results today for the year ended 31 December 2022.

Results Highlights
— Revenue increased primarily attributable to the organic growth in sales volume of the Group's premium instant noodles throughout the year.
— Maintained a healthy financial position and recommended to declare a final dividend of HK15.16 cents per share.
— The acquisition of remaining 29.55% equity interests in Zhuhai Golden Coast Winner Food Products ("Zhuhai Winner") has given the Group more flexibility to deploy production capabilities in the Mainland China for responding to market demand and the changing business environment, and will in turn increase the overall income and profitability of the Group.

Revenue of the Group increased by 4.1% year-on-year ("YoY") to HK$4,025.0 million (2021: HK$3,866.3 million). Profit attributable to owners of the Group increased by 4.2% YoY to HK$316.5 million (2021: HK$303.8 million), representing a net profit margin of 7.9% (2021: 7.9%). The Group's basic earnings per share increased by 5.5% to 30.32 HK cents for 2022 (2021: 28.74 HK cents).

The Board recommends the payment of a final dividend of 15.16 HK cents per share (2021: 14.56 HK cents), representing a dividend payout ratio of 50.0% (2021: 50.7%) for the year.

Hong Kong Operations
Revenue from the Hong Kong operations increased by 7.4% YoY to HK$1,575.2 million (2021: HK$1,466.2 million), mainly attributable to the implementation of price adjustments and increase in sales volume of premium bag-type instant noodles but was partially offset by the decline in distribution business. Segment results amounted to HK$120.0 million (2021: HK$123.5 million). The decrease was mainly attributable to the continuous increase in logistics and storage costs throughout the year. Revenue from the Hong Kong operations accounted for 39.1% (2021: 37.9%) of the Group's revenue.

As the raw material prices soared during the first half year, the Group adjusted ex-factory product prices in two phases, which helped ease the rising pressures from climbing production costs and raw materials costs. Regarding the performance of instant noodles business, signature brands "Cup Noodles" and "Demae Iccho" attracted positive response from consumers after quality upgrade and sales volume of such products climbed. To further enrich its instant noodles portfolio, the Group launched different new flavours under the "Raoh", Nissin "U.F.O.", "Fuku" and "DOLL" brands. Along with tenets of innovation and creativity, a new W-tab design for regular type of "Cup Noodles" was launched, allowing better cup lid connection with container and greater eating convenience to consumers. Furthermore, a new membership programme "Nissin Foodium" was launched in Wechat Mini Program in Hong Kong in July 2022, aiming to retain existing consumers, boost product sales and allow the Group to better understand consumers' preferences.

On the non-noodle category, the Group's frozen foods business has achieved a decent growth notwithstanding the fierce competition. "KAGOME" business and granola has received remarkable response from new markets in Southeast Asia, especially granola, which has seen sales volume growing considerably in Taiwan and Singapore during the year. Moreover, fresh-cut vegetable business has shown a substantial rise in demand in 2022.

Mainland China Operations
Revenue from the Mainland China operations increased by 2.1% YoY (in local currency: 6.2%), rising from HK$2,400.2 million in 2021 to HK$2,499.8 million in 2022, due to geographical expansion and growth in sales volume of cup-type instant noodles, but is partially offset by a decline in distribution business. Segment results edged up by 4.8% YoY to HK$313.5 million (2021: HK$299.1 million), mainly attributable to the solid performance of instant noodles business, partly offset by the negative impact of the foreign exchange rate of Renminbi. Revenue from the Mainland China operations accounted for 60.9% (2021: 62.1%) of the Group's revenue.

During the year, the Group continued its geographical business expansion strategy in Mainland China and explored certain new markets in the Western and Northern regions of the country. The instant noodles business maintained a sales volume growth amid complicated business environment. The Group once again collaborated with a Japanese anime to launch limited-edition crossover packaging for "Cup Noodles". New SKUs from made-in-Hong Kong "Demae Iccho" brand have been made available in the Mainland China, offering consumers more premium choices. Moreover, new W-tab design for "Cup Noodles" and "Nissin Foodium" Wechat Mini Programme were introduced to consumers. In Mainland China, "Nissin Foodium" is also an e-commerce platform.

In November 2022, the Group acquired the remaining 29.55% equity interest in Zhuhai Winner, allowing it to consolidate control over Zhuhai Winner. The acquisition of remaining 29.55% equity interests in Zhuhai Winner has given the Group more flexibility to deploy production capabilities in the Mainland China for responding to market demand and the changing business environment, and will in turn increase the overall income and profitability of the Group.

Although the performance of joint venture distribution business in Shanghai has been inevitably affected during the year by lockdowns, the Group seized the opportunity from pandemic rampant to expand product categories, covering frozen and chilled food such as frozen pasta and ramen, resulting in a considerable growth in the sales volume of frozen foods. Furthermore, benefiting from consumers' rising awareness of health consciousness, the sales of "KAGOME" vegetable and fruit juice and granola products gathered stronger growth momentum.

Prospects
The Group is cautiously optimistic about the long-term business development in the regions and continues to look into ways to alleviate the cost pressure under this competitive landscape. Consumer consumption in the Mainland China continues to improve as per capita spending rises and the per capita income gap between urban and rural residents is narrowed. The Group plans to enlarge the connection with consumers at the locations with heavy flow of people such as retail outlets and transportation hubs, after the recovery of consumers' mobility from pandemic. Moreover, the Group continues to expand its business territory and penetrate into other areas alongside the development of additional sales channels. In Hong Kong, Nissin Foods expects tourism rebound following the border reopening of Mainland China will further revive the local economy, helping invigorate higher purchasing power and consumption sentiment.

To further consolidate overall competitiveness, the Group has been actively implementing automated, robotic and smart technology at its production plants to realise digitalisation for the purpose of improving operational efficiency, productivity, product quality and customer experience.

Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "We've gained valuable experience in adapting to challenging circumstances swiftly from the pandemic in the past three years. The pandemic has put our businesses through rigorous tests which in turn proves the resilience of our strategic direction towards flexible operational and management practices.

"Stepping into 2023, as anti-pandemic restrictions are lifted, the economy is expected to stage a visible rebound. In leveraging our solid foundation and footholds in Hong Kong and Mainland China, as well as the rich and diversified product portfolio that we have developed over time, Nissin Foods will adhere to its premiumisation strategy and provide good-quality food that delivers contentment and enjoyment to its valuable customers, while realising continuous and long-term growth."

About Nissin Foods Company Limited
Nissin Foods Company Limited (the "Group"; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely "NISSIN" and "DOLL" together with a diversified portfolio of iconic household premium food brands. The Group's five flagship product brands, namely "Cup Noodles", "Demae Iccho", "Doll Instant Noodle", "Doll Dim Sum" and "Fuku" are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the "ECO Cup" concept and primarily focuses its sales efforts in first-and second-tier cities.

Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services 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, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. Nissin Foods is eligible for trading under Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. For more information, please visit www.nissingroup.com.hk.


Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Tianyun International Announced 2022 Annual Results

HONG KONG, Mar 24, 2023 – (ACN Newswire) – Tianyun International Holdings Limited ("Tianyun International", together with its subsidiaries, the "Group") (Stock code: 6836.HK) a leading seller and manufacturer of processed fruits products in China, is pleased to announce its audited annual results for the year ended 31 December 2022 ("Year Under Review"). Being a consumer goods company, the annual results of the Group demonstrate stable revenue and profit, and showcase successful achievements in R&D and innovation, introduction of new product categories, enhancement of brand reputation, expansion of production capacity planning, sales network, and development strategies for the future. The Group recorded a revenue of approximately RMB680.7 million, a gross profit of approximately RMB189.8 million and a net profit of approximately RMB96.6million, with gross profit margin improved to 27.9%. In view of the Group's strong overall financial position and the steady improvement in its core competitiveness of the business, the Board recommends a final dividend of HK$0.05 per share for 2022.

Being a role model for the industry with award-winning quality
Shandong Tiantong Food Co., Ltd. ("Shandong Tiantong Food"), a wholly-owned subsidiary of the Group, was awarded the "Certificate of High-tech Enterprise" by the Shandong Provincial Department of Science and Technology, the Shandong Provincial Department of Finance and the Shandong Provincial Taxation Bureau of the State Administration of Taxation and will continue to enjoy the preferential policies of the State on income tax exemption for high-tech enterprises.

The Group also received the title of "Excellent Quality and Safety Management Enterprise" jointly awarded by Shandong Entry-Exit Inspection and Quarantine Association and other organisations. Meanwhile, Shandong Tiantong Food received the honorary titles of "Social Responsibility Model" and "Advanced Enterprise of Outstanding Contribution" of the canned food industry for the Thirteenth Five-year Plan as well as "Top 10 Enterprises (Export)" in China's canned food industry by the China Canned Food Industry Association ("CCFIA")., in recognition of the Group's outstanding contribution in the three-year special campaign to build a brand in China's canned food industry. Moreover, the Group was once again selected as a 2022 municipal-level "Specialized, Excellent, Featured and Innovative" Enterprise by the Linyi Municipal Bureau of Industry and Information Technology. The above honours represent a tremendous recognition of the Group's comprehensive strength.

Enhanced marketing of own brands with new products widely recognised by the market
The Group has a series of own brands, including "Bingo Times", "fruit zz", "Tiantong Times", "Shiok Party" and "Demon Fruit Season", enabling it to enhance its brand image in an all-round manner. Progress has been made in various aspects such as product diversification, packaging diversification and production de-seasonalisation. Meanwhile, the Group has actively responded to the ever-changing consumer market, continuously improved product quality, upgraded product packaging, and incorporated more fashion and leisure elements. The Group also actively enriched its product series. The Group identified the recent rise in demand for canned yellow peaches in the market and responded by launching new product lines, such as "Chinese trend style" canned peaches, Zodiac-branded canned fruit products, and brown sugar canned pears. In addition, in response to the significant growth of the functional beverage market in recent years and the expansion of consumption scenarios, the Group developed a range of specialty beverages to enhance its competitiveness in this area and optimized its product offerings.

The Group capitalized on an opportunity to significantly refine its marketing strategy and bolstered its engagement with consumers by launching various promotional activities. These efforts have resulted in enhanced brand image and increased sales of its own brand products. Currently, the Group's own brand products are available for sale in 27 provinces, municipalities, and autonomous regions across China, and the Group continues to utilize a "online + offline" sales model. The Group has established a presence on several popular online shopping platforms as its primary sales channels and has also partnered with online live-streaming entertainment platforms during major events like "Double Eleven" and "New Year's Eve" to increase its market visibility, strengthen its brand promotion, and execute wide-reaching marketing campaigns. Looking forward, the Group plans to fully leverage on the advantages of digital technologies to further facilitate online sales of its own brand products.

Focus on OEM and the sales of fresh fruits business development
The Group's OEM business has exhibited steady development. Over the years, the Group has maintained close partnerships with globally renowned food brands and traders. Given the sustained demand for "Made in China" processed fruit products in foreign markets, the Group plans to actively seek out additional high-quality customers in developed countries and regions like Europe, Australia, New Zealand, Japan, the United Kingdom, the United States, and Canada, in order to expand its share in the international market.

The sales of Chinese fresh fruits always have advantages both locally and overseas, and the Group has accumulated many years of experiences in this regard. The Group plans to diversify its fresh fruit product portfolio and expand its sales network to other regions. In addition, the Group's Yunnan production base is situated amidst plenty fruit resources, allowing the Group to source and process a greater variety of exotic fruits and vegetables from tropical regions. This, in turn, will provide consumers with a wider selection of high-quality, diverse fruit and vegetable products.

Actively research and develop new production techniques and construct new workshops and bases to expand production capacity
To enhance its production capacity and achieve sustainable growth, the Group has been actively investing in research and development of new products with independent core technologies, as well as continuously improving its production techniques. As a leading high-tech enterprise in the industry, the Group successfully developed two new specialty beverages during the review period: vitamin sports drinks with fruit pieces and fruit enzyme sports drinks. The vitamin sports drink is a beverage that contains fruit pieces processed from fruits, which can improve energy metabolism and alleviate fatigue. The fruit enzyme sports drink uses peaches, apples, and other raw materials to provide enzymes that meet daily nutritional requirements and is aimed at promoting better health. With the completion of R&D, the Group is entering the preparatory stage of production and sales for these two new products, which will soon be launched in the market, offering consumers more diversified choices.

The Group has been actively expanding its production capacity. The Shandong production base has made continuous improvements in its production facilities, increasing output and enhancing efficiency through automation. The installation of new production workshops No. 5 and No. 6 is nearly completed, which will significantly expand the production capacity of both new and existing processed fruit products. Additionally, the construction of the Yunnan production base began in 2022 and is expected to be partially operationalby the end of 2023. This is a significant step for the Group's development in China's tropical climate region, as it will comprehensively expand the Group's overall production capacity, improve logistics and warehousing, and offer customers a wider variety of processed fruit products and specialty beverages. The Yunnan production base will work in tandem with the Shandong production base to increase the production and sales of tropical, subtropical, and temperate processed fruit products and beverages.

Mr. Yang Ziyuan, Chairman and CEO of the Group said, "In the aftermath of COVID-19, as the world gradually reopens, the Group has focused on creating value, improving risk management, and enhancing operational efficiency. The Group aims to seize the opportunities presented by the restoration of normalcy by investing in R&D, developing new product categories, improving product packaging and design, and expanding its distributor network. These efforts will not only boost the Group's revenue and profitability but also provide customers and consumers with a greater variety of fruit products and specialty beverages. As the Group strengthens its capabilities and expands its investment in sales channels, it will prioritize diversified product categories and a robust brand portfolio as a core business strategy. Additionally, the Group will pursue domestic and international M&A opportunities and strategic partnerships to broaden its sources of revenue, promote a diversified development model, enhance its brand influential power, and reputation globally. By doing so, the Group will achieve sustainable growth and offer consistent and sustainable returns to its shareholders and investors."

About Tianyun International Holding Limited (Stock Code: 6836.HK)
Tianyun International Holdings Limited (the "Company") and its subsidiaries (collectively referred to as the "Group") are principally engaged in (i) the research and development, production and sales of processed fruit packaged in metal containers, plastic cups, glass containers and aluminum foil bags and beverages ii) trading of fresh fruit. Processed fruit products are sold both under its own brands "Bingo Times", "fruit zz" and "Tiantong Times" and on an OEM basis. The beverages are sold under its own brand Shiok Party "Shiok Party" and "Demon Fruit Season".

The Group has been consistently committed to providing its customers with healthy and safe products. As a food enterprise with one of the most complete quality certifications, we rigorously adhere to stringent international production standards and are accredited with BRC (A), IFS Food (High), FDA(FSMA), SC, KOSHER, SMETA and ISO9000, etc. in respect of our production facilities, quality control and management. The Group has also passed the internal food production standards reviews and audits from several UK and US supermarket chains. At the same time, as a Chinese "Equal production line; Equal standard; Equal quality" food production and export enterprise, the Group has been supplying products of consistent quality to domestic and international markets. Since 2016, the Group's own-brand processed fruit products have continued to achieve high market recognition, and have also been awarded the honor and qualification of "China Canned Product Quality Certification Label" by national associations.

The Group was awarded China's Most Promising Listed Companies by internationally-renowned financial magazine Forbes, and the "2017 Linyi Mayor Quality Award" by the PRC government in 2017. The Group's new and proprietary researched, developed and produced pure fruit snack food received a national "Certificate of Invention Patent" in 2018. In 2019 and 2022, the Group was awarded the national Hi-tech Enterprise Certificate consecutively. In 2020, the Group was recognised as one of the Most Valuable Chinese Brands for the fourth consecutive year.

For more information, please visit www.tianyuninternational.com


Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

WEILONG announced 2022 Annual Results

HONG KONG, Mar 23, 2023 – (ACN Newswire) – Weilong Delicious Global Holdings Ltd ("WEILONG" or the "Company") (Hong Kong stock code: 9985.HK) announced its audited annual results for the year ended 31 December 2022.

In 2022, COVID-19 had a significant impact on the Chinese consumer market, causing instability in the food production industry's supply chain, and suppressing retail consumer spending to some extent. As a leading spicy snack food company in China, WEILONG faced challenges in the production and delivery due to the resurgence of the COVID-19. Despite this, it still achieved steady performance. The Group's adjusted net profit for 2022 was approximately RMB 913 million (RMB, the same below), representing an increase of 0.6% year-on-year ("YoY"). The adjusted net profit margin increased from 18.9% in 2021 to 19.7% in 2022. In addition, the Group continues to strengthen its research and development efforts. In the first half of the year, it upgraded its main products and product packaging, launched Latiao sharing packages suitable for home and party scenes. At the same time, it continues to optimize the consumer experience by continuously refining and enriching the product matrix based on the "multi-category single product" strategy.

The Group's revenue in 2022 was approximately RMB 4,632 million, a slight decrease of 3.5% YoY. However, due to the increase in average selling prices of the Group's products, the Group's gross profit and gross profit margin both improved. The gross profit increased to approximately RMB 1,960 million, an increase of about RMB 167 million from the same period last year. The gross profit margin increased by 4.9 percentage points from 37.4% in 2021 to 42.3% in 2022.

WEILONG was successfully listed on the Main Board of the Hong Kong Stock Exchange in December 2022. After deducting Share-based payment to employees, Listing expenses and Share-based payments related to Pre-IPO Investments, the Group's profit changed to RMB 151 million. However, judging from the growth performance of the adjusted net profit and adjusted net profit margin, WEILONG remained in a stable growth trend in 2022.

The Board recommends the distribution of a final cash dividend of RMB 0.12 per share (inclusive of tax, the same below), representing approximately 30% of the adjusted net profit of the Group for the year ended December 31, 2022, besides, in order to thank investors for the support and trust in the Global Offering, the Board proposed to declare a special dividend of RMB0.12 per share, representing approximately 30% of the adjusted net profit of the Group for the year ended December 31, 2022, a total dividend of RMB 0.24 per share will be distributed for the year. However, the implementation of the recommendation is subject to approval of the annual general meeting.

In 2022, WEILONG continued to upgrade its distribution channels. In terms of the offline channels, the Company has strengthened its sales team, continuously expanded POS coverage, and improved its execution and service capabilities for key channels and stores. Through in-depth channel building over years, WEILONG has a nationwide distribution network that deeply penetrates the Chinese market. As of the end of December 2022, WEILONG cooperated with over 1,847 offline distributors. In terms of the online channels, the Company continued to strengthen its platform coverage and refined operations. At the same time, WEILONG has also actively expanded its overseas distribution network. As of the end of December 2022, WEILONG's products are sold through distributors to more than 143 shopping malls, supermarkets, and chained convenience store operators in different countries or regions.

Mr. Liu Weiping, Chairman of the Board of WEILONG, commented, "2022 was a significant year for WEILONG. Despite faced many challenges in production, supply chain and product delivery due to the resurgence of the pandemic, the Group has actively upgraded its brand, products and digitization. Through the automation and standardization of production lines, WEILONG has effectively implemented precise quality control and reduced labor and energy costs."

He continued, "Looking ahead, the Group anticipates a gradual rebound of the consumer market as pandemic prevention and control measures are eased and consumer confidence recovers. We will persist in enhancing brand building, consolidating marketing resources, and maintaining a brand image that resonates strongly with young consumers. While focusing on our core product categories, we will also explore new product lines, strengthen product quality to heighten core competitiveness, expand our distribution network, enhance POS coverage and service capabilities, and persist in team building. We will also reinforce our production, manufacturing, and R&D capabilities, and improve the Company's operating efficiency. We aim to create values for our shareholders, customers, and consumers in multiple ways."

About Weilong Delicious Global Holdings Ltd
Wei Long Delicious Global Holdings Limited ("WEILONG") has always adhered to the mission "to let the world fall in love with Chinese flavors" and the values of "consumer-centric and innovation-driven organization". It has been firmly committed to the vision of "transforming traditional food into a more entertaining, casual, convenient, affordable, and smart lifestyle platform that lasts for 123 years", and continuously builds itself as the leading company of spicy snack products focusing on consumers.

WEILONG focuses on turning authentic Chinese gourmet into casual snack food that consumers can enjoy anytime, anywhere, and adheres to a product strategy of "multiple categories and large single product", covering seasoned flour products, vegetable products, bean-based products, and other product categories. The seasoned flour products (commonly known as "Latiao") mainly include big and small Latiao, spicy hot sticks, mini hot sticks, and Kiss Burn. The vegetable products mainly include Konjac shuang and Fengchi kelp. The bean-based products and other products mainly include soft tofu skin, 78 degree sed eggs, and meat products.

According to Frost & Sullivan, in terms of retail sales value in 2021, Weilong ranked first among all spicy snack food enterprises in China, with a market share of 6.2%, and ranked first in each of the seasoned flour product and spicy vegetable snack product categories. WEILONG is a popular snack food brand among young consumers in China, with its main consumer group being people aged 35 and under. Through interesting and topical marketing methods, WEILONG awarded 2022 GEN-Z's Annual Favourite Award "Inspirational Vitality Brand" and won TMTPOST's 2022 Global Innovation Award "Consumer Brand of the Year".

WEILONG successfully listed on the Main Board of the Hong Kong Stock Exchange (stock code: 9985.HK) on 15 December 2022, and was selected by the Hang Seng Indexes Company Limited on February 24th, 2023 to be included as a constituent stock of the Hang Seng Composite Index, the Hang Seng Composite MidCap Index, and the Hang Seng Consumer Goods Index. At the same time,WEILONG was also included in the list of stocks under the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect, and the changes took effect on March 13th, 2023.

For more information, please visit https://www.weilongshipin.com/


Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Surprise Inside Chocolate Company Hatches Baby Animal Series Just in Time for Easter

CHICAGO, IL, Mar 23, 2023 – (ACN Newswire) – Yowie World is about to get a whole lot cuter! Just in time for Easter, Yowie, the surprise-inside confectionary company unveiled its eighth series – Baby Animals! The series comes pre-approved by fans who voted it the most requested theme. The Baby Animals series highlights the vulnerability of young, endangered wildlife, while demonstrating the fascinating differences between the baby and adult stages of different species.



"I'm exceptionally happy to launch this fan-requested series," says Cynthia Thayer, the Chief Marketing Officer of educational chocolate brand, Yowie. "We asked our fans in the U.S. and Australia what types of endangered animals they most wanted to collect and learn about, and their answer was loud and clear, so this newest series features endangered baby animals from all over the globe. And the cuteness factor is off the charts!"

The 18-animal series will include:
– Southern Cassowary Kitten
– Short-beaked Echidna Puggle
– The Loggerhead Sea Turtle Hatchling
– Yellow Bellied Glider Joey
– An extra-rare mystery animal
– And many more adorable endangered and vulnerable baby animals from around the world.

WHERE TO BUY

The series is already appearing in retail outlets across Australia including Woolworth's, IGA, Big W, The Reject Shop, Kmart.

EDUCATIONAL, FUN AND DELICIOUS OPTION FOR THE EASTER BASKET

As with previous series, the new Yowie branded endangered Baby Animal collectables come with a leaflet containing facts about the animal wrapped inside Yowie's delicious, sustainably sourced, Rainforest Alliance Certified chocolate containing no GMOs, palm oil, gluten, nuts or artificial colors and flavors. The leaflet includes a QR code leading to even more fun, educational and interactive content on YowieWorld.com.

New for this series, you can also download a customizable birth certificate for your new bundle of joy at YowieWorld.com plus a poster to keep track of every baby animal you collect! Yowie's website is a one-stop shop for an extensive cache of activities that will keep kids mentally engaged at home and in class all year long! It is a treasure trove of creative resources for both parents and teachers alike.

Explore more of the wonderful world of Yowie on Facebook or look for @YowieWorld on Instagram and TikTok. You can also find easy, interactive, and educational craft projects and games on Yowie's YouTube channel and on Pinterest.

About Yowie

Yowie is best known for its flagship product, the Yowie surprise-inside chocolate. Each 3D Yowie chocolate is molded in the shape of the Yowie (i.e., bigfoot) characters ("yowie" is the Australian term for bigfoot or sasquatch) and contains limited-edition collectible animal toys and a full-color leaflet featuring a picture of the real-life animal, its profile and level of endangerment.

The 6 clever and charismatic Yowie (aka, bigfoot) characters, Rumble, Ditty, Squish, Crag, Boof and Nap, are here to teach us about endangered animals, their habitats, and all the reasons why it's important to protect these animals in the wild.

Yowie's social media channels and website allow collectors to learn more about the animals and their world while having loads of fun through games and competitions. The combination of tasty, clean-label treats, fun animal toys and a digital platform encourages kids to learn about the natural world and understand its need for protection. For more information visit www.yowieworld.com.

Contact:
Devin Mainville
devin@kmkmedia.com
(779) 221-3764

SOURCE: Yowie Group

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Nissin Foods Becomes Eligible Trading Stock under Shanghai-Hong Kong Stock Connect

HONG KONG, Mar 13, 2023 – (ACN Newswire) – Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) will become a new eligible stock for trading under the Shanghai-Hong Kong Stock Connect, effective today, 13 March 2023, in accordance with the latest expansion of the scope of eligible stocks under the Stock Connect scheme as announced by the Shanghai Stock Exchange.

The Shanghai-Hong Kong Stock Connect was officially launched in 2014 with the aim of establishing mutual stock market access between Mainland China and Hong Kong. The stock connect allows qualified investors in Mainland China to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible A shares (Northbound) subject to a certain amount of daily quota. As announced, the scope of eligible stocks will be expanded to include stocks of international companies that are primary listed in Hong Kong, and are 1) constituent stocks of the Hang Seng Composite LargeCap Index or Hang Seng Composite MidCap Index, or 2) constituent stocks of the Hang Seng Composite SmallCap Index with a market capitalisation of HK$5 billion or above. In addition, the scope of eligible stocks for Southbound trading under Shanghai-Hong Kong Stock Connect will be expanded to include constituents of the Hang Seng Composite SmallCap Index with a market capitalisation of HK$5 billion or above.

Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said "Nissin Foods has experienced steady development in both business and the capital market since its listing in Hong Kong in 2017. I am pleased to see our shares' investment value gradually being released. Being included in Shanghai-Hong Kong Stock Connect is a major milestone in our corporate development, indicating that Nissin Foods will be accessible to more traders in Mainland China through the Shanghai and Shenzhen Stock Connect which the Group earned inclusion earlier. Looking ahead, we will continue to enhance our corporate governance and investor relations with the aim of creating long-term value for our shareholders."

About Nissin Foods Company Limited
Nissin Foods Company Limited (the "Group"; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely "NISSIN" and "DOLL" together with a diversified portfolio of iconic household premium food brands. The Group's five flagship product brands, namely "Cup Noodles", "Demae Iccho", "Doll Instant Noodle", "Doll Dim Sum" and "Fuku" are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the "ECO Cup" concept and primarily focuses its sales efforts in first-and second-tier cities.

Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services 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, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. Nissin Foods is eligible for trading under Shanghai-Hong Kong and Shenzhen-Hong Kong (which included earlier) Stock Connect. For more information, please visit www.nissingroup.com.hk.


Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

PT Resources Signs MoU for an International Supply Chain Intelligent Park that Integrates Digital Technology

KUALA LUMPUR, Feb 27, 2023 – (ACN Newswire) – PT Resources Holdings Berhad, a processor and trader of frozen seafood products, and trader of other food products, is pleased to announce that the Company has signed a memorandum of understanding (MoU) with Ocean Exchange (Fujian) Foreign Trade Services Co. Ltd to establish cooperation between the two parties for the joint development of the Malaysia East Coast International Supply Chain Intelligent Park, which is inspired by the Marche International Cold Logistics and Cross-border E-commerce Project (Fuzhou Park) located in Fujian province, China.


MoU Signing Ceremony

YB Dato’ Mohamad Nizar bin Dato’ Sri Mohamad Najib


The project, which facilitates bilateral trade between Malaysia and China through Fuzhou, China is estimated to be worth RMB1.562 billion (or approximately RM1 billion). The project involves the establishment of an International Supply Chain Intelligent Park in Kuantan, Pahang, which is intended to drive the development of food and light industries supply-chain between Malaysia and Fuzhou with the aim of rapidly achieving currency internationalisation between the two countries.

The International Supply Chain Intelligent Park will encompass amongst others, integrated cold chain facilities to facilitate cross-border supply of consumer food as well as establish a digital financial platform utilising the UnionPay network to streamline and facilitate effortless cross-border payments and settlements between the International Supply Chain Intelligent Park and Fuzhou Park. In addition, the project also aims to boost the trade between the Malaysian seafood wholesale market and China through digital transformation, whilst collaborations with cold chain logistics companies will be initiated to facilitate an integrated logistics supply chain.

The Managing Director of PT Resources, Mr. Heng Chang Hooi said, "This is an excellent opportunity for both countries to develop a logistics hub to support international trade between Malaysia and China. We expect the project to strengthen the supply chain between Malaysia and China as well as be beneficial to the end consumers."

"In addition, we expect a growth in our overseas sales in view of the growing affluence in China which will contribute to an increase in demand for frozen seafood in China."

Member of the Pahang State Executive Council, YB Dato' Mohamad Nizar bin Dato' Sri Mohamad Najib said, "We commend the governments of Malaysia and China for their foresight in ensuring that businesses in both countries run their operations seamlessly through the project. We believe these initiatives could attract both domestic and international investors and businesses. China remains as one of Malaysia's top trading partners and it is vital to have a hub to facilitate international trades between both countries."

The MoU was signed by PT Resources' MD, Mr. Heng Chang Hooi and Ocean Exchange representative, Mr. Richard Gan Woei Jer. Witnessing the MoU signing were Fujian province's Member of the Standing Committee, Fuzhou secretary Lin Baojin; Deputy Speaker of the Dewan Rakyat, YB Alice Lau Kiong Yien; Member of the Pahang State Executive Council, YB Dato' Mohamad Nizar bin Dato' Sri Mohamad Najib; Chinese Embassy Minister-Counselor, Lin Shiguang; and Fuzhou Deputy Mayor, Huang Jianxiong.

Image 1: MoU Signing Ceremony
[L-R]
Host:
1. Wu Yongzhong, Fuqing Mayor
Standing:
1. Huang Jianxiong, Fuzhou Deputy Mayor
2. Lin Baojin, Fujian province's Member of the Standing Committee, Fuzhou secretary
3. YB Alice Lau Kiong Yien, Deputy Speaker of the Dewan Rakyat
4. Lin Shiguang, Chinese Embassy Minister-Counselor
5. YB Dato' Mohamad Nizar bin Dato' Sri Mohamad Najib, Member of the Pahang State Executive Council
Seated:
1. Liangyong, Representative of Minqing County Government
2. Temenggong Datuk Vincent Lau Lee Ming, Representative of KTS Group
3. Heng Chang Hooi, Managing Director of PT Resources Holdings Berhad
4. Richard Gan Woei Jer, Representative of Ocean Exchange (Fujian) Foreign Trade Services Co. Ltd
( https://www.acnnewswire.com/topimg/Low_PTResources202302271.jpg )

Image 2: YB Dato' Mohamad Nizar bin Dato' Sri Mohamad Najib
1. YB Dato' Mohamad Nizar bin Dato' Sri Mohamad Najib, Member of the Pahang State Executive Council
( https://www.acnnewswire.com/topimg/Low_PTResources202302272.jpg )

PT Resources Holdings Bhd: 0260 [BURSA: PTRB], https://www.ptresourcesgroup.com.my/

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Want to Inspire Your Students to Make the Grade? Surprise Them with a Yowie!

NEW YORK, NY, Jan 19, 2023 – (ACN Newswire) – Teachers, are you looking for a way to welcome your class to an excellent new school year? Let Yowie help!

The delicious, surprise-inside chocolate is the perfect way to start the new school year off right! Yowie World is looking to reward six lucky classes with 3 free boxes of Yowie! To enter the contest, just fill out your contact information at https://yowieworld.com/teacher-competition/. The winner will be drawn on February 16, 2023.

Yowie Surprise-Inside Chocolate is made with 100% milk chocolate, sustainably sourced and Rainforest Alliance Certified and contains no GMOs or nuts – making it the perfect treat for the whole class! Yowie can be found at Coles supermarkets nationally, as well as IGA, Woolworths, Big W, The Reject Shop, and Kmart. Find Yowie near you at https://yowieworld.com/collect/#wheretobuy.

The best part? When you use Yowie in the classroom, a teacher's science lesson for the day has a hands-on component. Each Yowie chocolate treat contains a life-like endangered animal collectible and comes with an informational leaflet inside, full of interesting facts about the hand-painted collectible. A treat and a science lesson in one! Plus, if you visit YowieWorld.com/Activities you'll find an impressive hub of teacher-approved activities that are perfect for new semester fun!

Who are the Yowie? They include six characters: Rumble, Boof, Squish, Nap, Ditty and Crag. Each Yowie is responsible for protecting a different animal habitat and are friends with all the animals who live there. The Yowie are ALWAYS ready to jump into action to come to the defense of wild animals and the habitats they protect. Learn all about the Yowie at YowieWorld.com.

Explore more of the wonderful world of Yowie on Facebook, or look for @YowieWorld on Instagram. You can also find easy, interactive, and educational craft projects and games on Yowie's YouTube channel and on Pinterest.

About Yowie

Yowie is best known for its flagship product, the Yowie surprise-inside chocolate. Each Yowie product is created in the shape of the Yowie characters and contains limited-edition collectible animal toys and a full-color leaflet featuring a picture of the real-life animal, its profile and level of endangerment. Yowie's social media channels and website allow collectors to learn more about the animals and their world while having loads of fun through games and competitions. The combination of tasty, clean-label treats, fun animal toys and a digital platform encourages kids to learn about the natural world and understand its need for protection. For more information visit www.yowieworld.com.

Contact:
Devin Mainville
devin@kmkmedia.com
(779) 221-3764

SOURCE: Yowie Group

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com