The Growhub Innovations Company Announces Joint Project with Koufuku Group to Explore Asean Market Penetration

SINGAPORE, Sep 2, 2022 – (ACN Newswire) – The GrowHub Innovations Company ("The GrowHub"), Asia Pacific's only Web3-enabled plug-and-play ecosystem builder for food traceability and carbon credits, and KOUFUKU GROUP, a Japanese food company with over 50 years of history, have signed an MoU partnership for a joint project on market penetration using The GrowHub's proprietary Web3 technology.

This partnership will further enhance Japan's food traceability for Japanese consumers by enabling access to blockchain-driven technology solutions. The GrowHub's Web3 technology provides food manufacturers with an evidence-based understanding of the conditions necessary for market penetration of their products in the ASEAN market. In addition, GrowHub can also help food companies meet market penetration requirements.

Dr. Daiki Nakaoka, the Country Head of GrowHub Japan, said, "The ASEAN market, which is expected to grow significantly, is attractive to many food manufacturers. However, the question and challenge of whether and how to gain acceptance of their products in that market is always a hurdle that is not low for food manufacturers to expand. This project would be one example that GrowHub's unique Web3 technology demonstrates it can answer such questions to the food manufacturers and help them solve such challenges.

To ensure safety, provenance and traceability, GrowHub uses a proprietary blockchain-enabled technology platform that provides rich data-driven insights to agrifood producers and third-party solution providers by allowing partners to integrate directly into an existing system through GrowHub APIs. The information recorded on the blockchain is secure and non-reversible giving true transparency to the ecosystem.

About The GrowHub Innovations Company

The GrowHub Innovations Company ( www.thegrowhub.co ) is Asia Pacific's only Web 3-enabled technology plug-and-play ecosystem builder focusing on food traceability and carbon credits. The GrowHub has strong and exclusive relations with the government bodies in Western Australia and Singapore – Food Innovation Precinct Western Australia (FIPWA) and PEEL Development, Shire of Murray. Currently in eight markets across Australia and Asia Pacific, The GrowHub offers access to trusted premium products at affordable rates through the development of new agri-food and blockchain technologies emerging from our innovation centre at FIPWA. With the capital, network and expertise, we use technology to improve the experience of "farm-to-fork". From crunching data to enable producers to improve yields, to leveraging statistics to enable better transportation of produce, to the information on the quality of food you pay for at the table, our blockchain technology allows for full food traceability across the supply chain – so that you can trust in the food you eat.

About KOUFUKU GROUP

KOUFUKU GROUP was founded in 1968 as a rice shop and has been supporting food, beauty, and health in Japan for more than 50 years. Amidst growing social awareness of food safety and security, we have been aiming to create new value as a manufacturer that consistently provides delicious and safe food products, supports consumers' eating habits, and maximizes the any further potential of food products. Furthermore, we also engages in businesses that focus on the happiness and future of people by developing high-quality health and beauty products and researching biomass for the beauty and health as well as the creation of a sustainable society. Under the corporate identity of "Science Materials and Create Happiness," our business activities aim to realize a sustainable society, an extension of healthy life expectancy, a beautiful and glowing lifestyle, a safe and renewable food distribution, and carbon neutrality by the year 2030.

To find out more about GrowHub please visit: https://thegrowhub.co/

For Media Enquires, Please Contact:
PRecious Communications for GrowHub
growhub@preciouscomms.com

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

Pursued progress while ensuring stability and built up momentum, Legend Holdings realized revenue of RMB237,685 million in the first half of 2022

HONG KONG, Aug 31, 2022 – (ACN Newswire) – Legend Holdings Corporation (stock code: 3396.HK) announced today the unaudited condensed consolidated interim results for the six months ended June 30, 2022 (the "Reporting Period"). During the Reporting Period, the Company's revenue was RMB237,685 million and the net profit attributable to equity holders of the Company amounted to RMB2,131 million.

Mr. Li Peng, Executive Director and CEO of Legend Holdings, said that in the face of the complex international environment, in the first half of 2022, Legend Holdings pursued progress while ensuring stability, and deepened the strategic thinking of "industrial operation, technological innovation", made steady improvement in its corporate competitiveness and operational efficiency, and further strengthened its investment and layout in the field of science and technology innovation; At the same time, we gave full play to the role of "chain leader", practiced the concept of green development, actively fulfilled corporate social responsibility, and devoted ourselves to contribute to the high-quality development of China's economy.

During the Reporting Period, Legend Holdings further consolidated the foundation of its industrial operations and strengthened its operational management. The revenue of the segment increased by 4% year-on-year to RMB235,775 million, and the net profit attributable to the equity holders of Legend Holdings increased by 20% year-on-year to RMB2,830 million.

— Lenovo achieved revenue and profit growth for the ninth consecutive quarter. While maintaining its position as the world's No.1 PC maker, Lenovo accelerated the development of new growth drivers with the revenue share of the non-PC business reaching a new high of 37% in the second quarter
— Levima Group took the lead in achieving import substitution in the field of EVA photovoltaic materials. In the first quarter, the upgrading and transformation of EVA devices realized the expected effect, and the result in the second quarter reached a new high. In addition, the company continued to focus on the field of new materials, advancing the new projects in an orderly manner, and entered the field of electronic specialty gas;
— The core business of Joyvio Group develops well as a whole. Joy Wing Mau continued to improve its vertically integrated fruit supply chain and achieved rapid growth in revenue. Global demand and prices for seafood products continued to rebound, and the revenue and profit of Joyvio Food have been improved;
— With a healthy core capital adequacy ratio and strong international credit ratings, Banque Internationale a Luxembourg S.A. ("BIL") achieved solid growth – successfully navigating the challenges faced by Europe's economy. Meanwhile, BIL obtained QFLP status in Shenzhen, through which it will further support the introduction of foreign capital into China's market and other initiatives.

During the Reporting Period, the industrial incubations and investments segment delivered stable and sound growth despite capital market volatility.
— Legend Capital raised funds of RMB3.5 billion, invested in 26 new projects, and 4 portfolio companies went public;
— Legend Star invested in nearly 20 new projects, more than 40 enterprises under management completed their next funding round, and it exited approximately 10 projects. The first round closing of the firm's fifth USD fund and the final closing of its artificial intelligence special fund were also completed.;
— Fullhan Microelectronics's market share has significantly increased, and its performance has achieved growth. It continued to invest in mid- and high-end surveillance products to enhance profitability, and the expediting growth of smart home & smart automotive products has served as new driving engines;
— Lakala maintained China's No. 2 operator in terms of bank card transaction volume and leading operator in QR code payments. At the same time, it proactively provided technological support for other businesses;
— The production and operation of Eastern Air Logistics have recovered steadily and achieved steady improvement in performance;
— Zhengqi Holdings focused on the field of scientific and technological innovation, carried out industrial exploration and investment layout, and has so far helped 11 of its portfolio companies in total successfully go public;
— JC Finance & Leasing achieved solid performance and year-on-year revenue growth amid the pandemic.

Increasing investment in scientific and technological innovation, adhering to innovation-driven development and continuously supporting the growth of Specialized and Innovative Enterprises

Legend Holdings stays true to its original aspiration of "revitalizing the country through business". It has further increased its investment in technological innovation in line with the national strategy of achieving high-quality development driven by technological innovation and has achieved promising results.

— Steady implementation of the "plan of doubling investments in Research and Development"
In the first half of 2022, Legend Holdings' Family Group's total R&D investment (excluding the capitalized R&D spending) reached RMB7.212 billion, and currently owns over 20,000 granted patents, ranking top among Chinese enterprises in various patent awards. Lenovo remains committed to its plan of doubling investments in R&D; it increased R&D spending by 23% year-on-year and grew R&D headcount by 29% year-on-year. Levima Advanced Materials adhered to its innovation-driven strategy. During the Reporting Period, it completed the laboratory R&D development for 9 new products and processes, the production technology formulas for 15 new products, and the industrialization of 5 new products.

— Continuously "long-sought" in the field of science and technology
In the first half of 2022, Legend Holdings' family group invested in nearly 50 new technology companies, covering multiple fields such as cutting-edge technologies, hard & core technologies, healthcare and medicine, and has contributed to the development of specialized and innovative enterprises in China through its empowerment. During the year as of August 15, 2022, 12 of its portfolio companies have successfully completed IPOs. Close to 50 of Legend Holdings' family group's portfolio companies made the newly announced list of the fourth official list of state-level specialized and innovative enterprises, such as Noitom, Hua Kong Tsingjiao, Spacety, Union Semiconductor, EasyDiagnosis Biomedicine, NuVolta Technologies, etc. Up to now, Legend Holdings' family group has nearly 100 specialized and innovative companies in its portfolio.

Adhering to green growth, playing the full strength as a chain leader, and actively fulfilling corporate social responsibility

Legend Holdings is committed to promoting green development philosophy through the efforts of its portfolio companies to seize the green development opportunities, and jointly build an ecological civilization. Lenovo has set a goal of net-zero carbon emissions by 2050, transforming into "net-zero carbon emission plants" on the basis of its state-level green plants. The Company continues to create and provide smart solutions that facilitate the green transformation, empowering over 300 top industrial enterprises in China. Levima Advanced Materials focused on the development of new energy materials and biodegradable materials on top of its existing EVA photovoltaic film business; BIL helped Chinese companies issue overseas green bonds to facilitate the development of green finance; at the same time, Legend Capital, Legend Star, Zhengqi Holdings, etc. have further expanded investments in related fields to promote innovation and technological progress.

In terms of industrial chain, Legend Holdings promoted its subsidiaries to give full play to their advantages in operations and supply chains and assisted the coordinated development across the industrial chains. Lenovo was named a Gartner Global 25 Supply Chain for the eighth consecutive time. 90% of its manufacturing was from China, with 2,000 level-1 suppliers, directly providing more than 350,000 jobs. Levima Advanced Materials continued to make efforts in the field of new materials, expanding vertically to the upstream of the industrial chain while horizontally expanding to new segments, driving the mutual development with SMEs.

Corporate social responsibility is an important part of Legend Holdings' overall strategy. The Company actively responds to the national call to steadily promote the implementation of the national employment stabilization policy within the family group, and carefully formulated and closely tracked various recruitment plans. While extensively attracting social talents, it focused on the recruitment of fresh graduates from colleges and universities, and actively expanded the scale of recruitment. In terms of public welfare undertakings, Legend Holdings has long focused on key areas such as fostering start-ups, contributing to rural revitalization, promoting social integrity and responding to disasters for years and insists on investing and carrying out relevant work effectively.

Mr. Ning Min, Chairman and Executive Director of Legend Holdings, said that, under the strong leadership of the Communist Party of China's Central Committee, China coped well with the changes in the international environment, and achieved economic and social development while effectively coordinating pandemic prevention and control, adhering to the guiding ideology of "people-centered", and achieved a series of results in various tasks, which also created a good environment for the development of enterprises. In the first half of 2022, the Company continued to improve its position, strengthen its capabilities, seize the important opportunities arising from the transformation and upgrading of Chinese enterprises, focus on the real economy, increase efforts in the field of scientific and technological innovation, and earnestly fulfill its corporate social responsibilities. In the future, we will continue to aim at accomplishing the great goal of building a world-class enterprise, and contribute to the journey of achieving high-quality development and common prosperity!

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

Nissin Foods Announces 2022 Interim Results

HONG KONG, Aug 30, 2022 – (ACN Newswire) – Nissin Foods Company Limited ("Nissin Foods" or the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) has today announced its interim results for the six months ended 30 June 2022 ("the reporting period").

Highlights
— Revenue from the Hong Kong operations increased solidly by 11.4% year-on-year to HK$759.9 million, mainly attributable to the strong demand for instant noodles and frozen food products driven by the hoarding behaviour of consumers. Revenue from Mainland China operations increased by 8.7% to HK$1,273.2 million, thanks to the growth in sales volume of cup-type instant noodles.

— In the face of rising production costs and raw material prices, Nissin Foods will implement the second phase of its price adjustment strategy in Hong Kong, for the products that were not included in the first phase implemented in April 2022. Their ex-factory price will be adjusted upward by a high single-digit percentage on average, starting from September 2022.

— "Nissin Foodium", Nissin's inaugural membership programme for Hong Kong and Mainland China has been launched respectively in July and August 2022. The "Nissin Foodium" in the WeChat Mini Program offers the members a series of exclusive benefits, exciting rewards and interactive games.

The Group's revenue increased by 9.7% year-on-year ("YoY") to HK2,033.1 million (2021: HK$1,853.8 million). The Group's EBITDA grew by 8.4% YoY to HK$305.1 million (2021: HK$281.3 million), representing an EBITDA margin of 15.0% (2021: 15.2%). Profit attributable to owners of the Company amounted to HK$164.9 million (2021: HK$170.9 million). The Group's basic earnings per share was 15.80 HK cents (2021: 15.94 HK cents).

Hong Kong Operations
Revenue from the Hong Kong operations increased solidly by 11.4% YoY to HK$759.9 million (2021: HK$682.2 million), mainly attributable to the strong demand for instant noodles and frozen food products driven by the hoarding behaviour of consumers. Segment results amounted to HK$50.0 million (2021:HK$52.6 million), owing to the higher-than-usual production and logistics costs that occurred during the fifth wave of the pandemic. Revenue from the Hong Kong operations accounted for 37.4% (2021: 36.8%) of the Group's revenue.

The improvement in the performance of both cup-type and bag-type instant noodles was obvious, as consumers were more inclined to stay at home. To further complement its instant noodles portfolio, the Group launched various new flavours under the "Roah", Nissin "U.F.O." and "Fuku" brands. Frozen food products also demonstrated a strong demand due to the resurgence of the pandemic in Hong Kong. For the "KAGOME" business, plant-based soy and oat milks were launched to promote nutritious and healthy choices to health-conscious consumers. The Group replicated the success of granola in Greater China in new markets in Southeast Asia. The sales volume grew considerably in Singapore and Thailand during the first half of the year. The fresh-cut vegetable business has seen growing demand, and the distribution channels have further expanded from supermarkets to restaurants.

Mainland China Operations
Revenue from the Mainland China operations increased by 8.7% (in local currency: 8.4%) to HK$1,273.2 million (2021: HK$1,171.6 million) thanks to the growth in sales volume of cup-type instant noodles as consumers continued to favour higher-quality products, offset by a drop in the distribution business. Segment results increased favourably by 14.1% to HK$165.9 million (2021: HK$145.4 million), mainly attributable to the sound performance of organic revenue growth, coupled with the price adjustment implemented during the period. Revenue from the Mainland China operations accounted for 62.6% (2021: 63.2%) of the Group's revenue.

As with "Cup Noodles" in Hong Kong, the Company has been upgrading the product in Mainland China to feature smoother noodle texture and a thicker soup base since May 2021. A positive response was received from customers, with the sales volume continuously expanding during the period under review. Also, the Company continued its geographical business expansion strategy in Mainland China and explored certain new markets in the Western and Northern regions of China. Leveraging its diversified product portfolio, it seized the opportunity to promote other product categories such as frozen pasta and ramen during the lockdown in Shanghai due to resurgence of COVID-19, and the sales volume of these products was considerably broadened as a result.

Prospects
The Group is cautiously optimistic about the long-term business development in the regions in which it operates and will continue to explore ways to better alleviate the cost pressure amid this competitive landscape. While the high prices of key raw materials such as wheat flour and palm oil are starting to decline, there remains a veil of uncertainty over the future outlook of the business environment considering the rising risk of worldwide stagflation.

In Hong Kong, the cost pressure has not yet been fully released. In the face of rising production costs and raw material prices, the Group will implement the second phase of its price adjustment strategy for the products that were not included in the first phase implemented in April 2022, with an average increase of a high single-digit percentage to the ex-factory price, starting from September 2022.

Furthermore, a new membership programme designed to strengthen the connection with consumers and bring them enjoyment has been launched in both Hong Kong and Mainland China in July and August 2022, respectively. The "Nissin Foodium" in the WeChat Mini Program offers members a series of exclusive benefits, exciting rewards and interactive games. To enjoy additional benefits and surprises, consumers are encouraged to scan the unique QR code on the products by using the mini program and complete various tasks to earn points. It aims to enhance the Group's customer retention rate, boost product sales and better understand consumer preferences.

Building on a solid foundation, well-diversified product portfolio and the premiumisation strategy pursued, the Company is well-positioned to deliver continuous revenue and earnings growth, as well as expand business territories with increasing brand recognition in Hong Kong and Mainland China for the years ahead.

Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "Despite the challenging conditions arising from increasing raw material prices, the Group has achieved solid revenue growth in both Hong Kong and Mainland China for the first half of this year. Thanks to the continuous support from customers in both Hong Kong and Mainland China, our products are able to sustain the growth momentum. We are dedicated to pursuing a premiumisation strategy and providing good quality food to bring contentment and an enjoyable experience to our valuable consumers. 'Nissin Foodium' is our first membership programme and part of our efforts to enhance consumer experience and strengthen our connection with them. Leveraging our research and production capabilities, as well as our management and marketing expertise, we will continue to invest in our products, people and production, so as to strengthen our overall competitiveness and ensure sustainable 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. For more information, please visit www.nissingroup.com.hk.

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

Dynasty Fine Wines’s White Wine Revenue Transcends Red Wine for The First Time in The First Half of 2022

HONG KONG, Aug 26, 2022 – (ACN Newswire) – Dynasty Fine Wines Group Limited ("Dynasty" or the "Group") (Stock Code: 00828), a premier grape winemaker in China, today announced its unaudited interim results for the six months ended 30 June 2022.

During the period, the resurgence of COVID cases in various cities in China caused the imposing of control and lockdown measures in consuming places and also led to adverse impact on consumer sentiment. As a result, in the first half of 2022, the Group's revenue decreased by 44% to HK$101 million, compared to the same period last year, whereas profit attributable to owners of the Company dropped by 45% to HK$10.7 million. However, gross profit margin increased from 38% in the first half of 2021 to 40% during the period.

With consumers' growing interest in white wine products of the Group, especially in coastal regions of China, revenue of white wine products transcended red wines products for the first time in the first half of 2022, as the Group's major revenue contributor, accounted for approximately 52% (2021 1H: 41%) of the Group's revenue for the period. Red wines revenue accounted for 45% (2021 1H: 58%). During the period, the gross margin of white wine products and red wine products were 44% and 35% respectively (2021 1H: 35% and 39% respectively).

The Group produces a wide range of more than 100 wine products under the "Dynasty" brand. It has been actively pursuing innovation, embracing the "5+4+N" product strategy. The Group's 5 key series of products comprise the air dry series, seven-year reserve series, merlot series, classic series and best-selling series, which cover fully the price range of mainstream markets, whereas the 4 advantageous product categories include dry red wines, dry white wines, brandy and sparkling wines, which enlarge vertical market shares for the Group. Furthermore, the Group boasts the development of "N" kinds of customized products to meet the diversified needs of Chinese consumers.

During the period, the Group launched a new round of upgraded products, the innovative 373ml and 180ml Dynasty dry red and semi-dry white series. The new sizes coming with screw caps offer greater convenience to enjoy and young and chic styles that target the young consumer market. The 180ml wine comes in boxes of six, giving young people another choice of drinks than beers in gatherings. As for the 373ml size, with online-to-offline (O2O) platform support, consumers can scan the product QR code and get rewards. Moreover, the Group has created a gift box during the period for the collection of "Pleasant Color" wines which targets the young consumer market as well. The gift option is ideal for gatherings with family and friends and festive celebrations. New product launch and product upgrade are not only promoting interaction between consumers and the Group's brand, but also ultimately enable Dynasty's products to reach wider consumer groups.

In addition, the Group also sold chateau wines imported from France and other foreign branded wines in China through the Group's existing distribution network. In that way, the Group introduced classic "old world" and "new world" varietals to cater for the consumer group preferring the taste of foreign premium wines.

During the year, the Group's e-commerce team started to operate online stores on such traditional e-commerce platforms as JD.com, Tmall and Pinduoduo. Moreover, innovations were achieved across its brands, product categories, business systems, operation procedures and models via new retail platforms including Weibo, RED (Xiaohongshu app), Kuai (Kuaishou app) and TikTok (Douyin app), which replaced the cooperation with distributors. The e-commerce team has also actively cultivated e-commerce live broadcasting talents to further expand the Group's sales channels so as to build up a new customer base.

The Group held its tasting and business events this February and June, during which the Group actively promoted its latest product mix that covered all product lines, and received enthusiastic market response. Close to the end of the first half of the year, the pandemic has subsided in most regions of China, and the business and sales of the Group has a gradual recovery to normal. Against this backdrop, the Group will continue its reform in sales and marketing. Following the relaxation of COVID control and lockdown measures, the Group will forge ahead the mass-scale marketing campaign showcasing 20,000 shops, hosting 1,000 wine tasting events and organising 100 plant visits, so as to keep developing and enhancing its point-of-sale network.

Mr. Wan Shoupeng, Chairman of Dynasty, concluded, "Looking ahead to the second half of 2022, Dynasty will further strengthen presence in Ningxia and Xinjiang to secure the supply of quality grapes and grape juice, and plan for the development of local production bases of grape juice in these regions in the long term. In addition, following the gradual containment of the COVID situation and relaxation of control and lockdown measures at the end of the second quarter of 2022, as well as the policy support for the recovery of economy, the Board currently remains cautiously optimistic on the business in the second half of 2022. The Group will continue to be well prepared to tackle the uncertainties associated with the pandemic, proactively develop the market, enhance product quality and boost sales volume."

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

Taiwan Rides on Post-Pandemic Wave with Taiwan Food World GO Project, Boosting Market Growth in SEA Market

SINGAPORE, Aug 18, 2022 – (ACN Newswire) – As the world progressively leaves the pandemic behind, Taiwan's Ministry of Economic Affairs (MOEA) has joined hands with Taiwan's Bureau of Foreign Trade and Taiwan External Trade Development Council (TAITRA) to ride the waves of the new era with the Taiwan Food World GO Project.

The inaugural event was held at the Hilton Singapore Orchard yesterday and was live-streamed simultaneously across three countries – Korea Republic, Vietnam and Malaysia.

The Taiwan Food World GO Project global event is an NT$200-million (US$6.67 million) project which incorporates a series of marketing activities, through the assistance in funding, international certifications and professional advice, to help Taiwan food manufacturers penetrate overseas markets.

With the Chinese market taking up the majority of Taiwan food product sales, Taiwan plans to diversify its markets further, eyeing increased market shares in Asian, North American, European and Oceanian markets to raise export volumes, with MOEA and TAITRA hoping that this project will help Taiwanese food manufacturers reach up to 50,000 overseas consumers.

The following companies showcased their popular products during the launch event:

Kuang Chuan
– Assam Milk Tea
– Earl Grey Milk Tea
– Cold Brew Fragrant Green Tea
– Cold Brew Black Tea

Bamboo House
– Four Treasures

Tai Yang Tang
– Tai Yang Biscuits

Shu Lin Biscuit
– Lins Handmade Cookies

Taiwan TTL
– Hua Diao Wine Chicken Noodles
– Lychee Fruit Beer

Du Hsiao Yue
– Pork Sauce

Zong Hong
– Black Fungus Drink

Oklao
– Taiwan Series Drip Coffee
– Musician Series Drip Coffee
– World Finest Drip Coffee Bundle

Sunny Hills Delights
– Pineapple Cake

MICO
– French Cookies

TaiSun
– Mixed Congee
– Oatmeal with Chestnut

Wei Zhe
– Pineapple Nougat with Biscuit

San Shu Gong
– Mango Jelly

Hurng Fur Foods
– Brown Sugar Soft Flour Cake

Ms. Cynthia Kiang, Director General, Bureau of Foreign Trade, MOEA, said, "Taiwanese food, especially our iconic pineapple cakes and bubble milk tea, has always been loved by foreigners. These signature food products are the national food icon of Taiwan, and a must-buy for tourists. With the residual pandemic restrictions still in place, the "Taiwan Food World GO Project" will provide an avenue for everyone around the world to have access to Taiwan's food products, safely and healthily."

Following the kick-off event, TAITRA will be running a food fair in local Prime Supermarket outlets and a four-day FHA – Food & Beverage event at Singapore Expo Hall, in September 2022, featuring a wide variety of innovative food products from 24 different Taiwanese food manufacturers.

Media Contact
PRecious Communications for TAITRA
Jacqualine Chan
Tel: +65 6303 0567
E-mail: taitra@preciouscomms.com

Taiwan External Trade Development Council
Taiwan Trade Center, Singapore
Anna Wu – Chief Representative Officer
Tel: +65 6235 0369
Email: singapore@taitra.org.tw

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

Yowie Helps Kids Stay on Track at School and at Home With Downloadable Rewards Chart, Fun Activities and a Sweet Treat

NEW YORK, NY, Aug 16, 2022 – (ACN Newswire) – Every parent knows keeping kids in a routine is paramount to success at school and at home. Yowie, the surprise-inside chocolate, is thrilled to help parents and children around the world with its Yowie Reward Chart – a fun, easy way to track a child's daily and weekly homework and chores and give them a delicious and educational treat at the end of the week! The downloadable chart can be found at YowieWorld.com.

Parents can feel good about this weekly smart treat reward because Yowie is more than just delicious all-natural chocolate. The surprise-inside chocolate treat is sustainably sourced, Rainforest Alliance Certified, and contains no GMOs, palm oil, gluten or nuts.

Each Yowie features an endangered animal collectible figurine and a bite-size leaflet to help kids learn about the animal.

The Rewards Chart can be used in the classroom as well! The interactive chart will hold students accountable to classroom responsibilities and the reward of a Yowie can transition seamlessly into lessons on endangered animals, wildlife habitats and environmental conservation!

"Nothing gets my kids more excited than on the nights when I bring home a Yowie. Having the rewards chart on the fridge has been such an exciting experience for the kids and they're learning responsibility at the same time; I love it!" said dad and Yowie enthusiast Dan Bedford.

Plus, Yowie World has put together fun activities to help kids make the most of the Yowie surprise-inside reward. From making a display tower for their Yowie figurines out of Yowie capsules to making creative capsule creatures to tending a capsule garden – kids will be rewarded not only with a treat but also with manipulatives combining fine motor skills and playtime.

For more activities and games, visit www.yowieworld.com, find them 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. Our 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.

For Immediate Release
Contact: Devin Mainville
devin@kmkmedia.com, (779) 221-3764

SOURCE: Yowie Group

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

Four HKTDC August fairs and ICMCM close on a High Note

HONG KONG, Aug 15, 2022 – (ACN Newswire) – The HKTDC Food Expo, HKTDC Home Delights Expo, HKTDC Beauty & Wellness Expo and HKTDC Hong Kong International Tea Fair, organised by the Hong Kong Trade Development Council (HKTDC), have all drawn to a successful close, along with the International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM), organised by the Modernized Chinese Medicine International Association (MCMIA), together with the HKTDC and eight scientific research institutions. The four public fairs saw participation from more than 1,000 exhibitors and attracted over 430,000 visitors.

The Food Expo, Home Delights Expo, Beauty & Wellness Expo and Hong Kong International Tea Fair drew to a close today, attracting more than 430,000 visitors.

The Gourmet Zone at the Food Expo showcased the finest international cuisines. Star chefs were invited to perform cooking demonstrations to celebrate the 25th anniversary of the Hong Kong Special Administrative Region.

In addition to inviting and organising local buyers pavilions to visit Food Expo Trade Zone and Hong Kong International Tea Fair for businesses, the HKTDC also arranged more than 700 virtual business matching meetings for buyers.

Sophia Chong, HKTDC Deputy Executive Director, said: "The bustling fairground, despite restrictions such as no sampling for food and drinks, show that people have a strong appetite for shopping. The timing of the second phase of the Consumption Voucher Scheme certainly boosted spending. Meanwhile, our first-ever KOL livestreaming sessions at the fairground further stimulated visitors' enthusiasm, allowing exhibitors to drive their promotions to a wider audience and expand their customer base. We were equally encouraged to see several group pavilions and exhibitors participating in the Trade Zone of the Food Expo and the International Tea Fair through their local representatives to explore business opportunities."

90% of exhibitors support consumption voucher payment to encourage spending

The second phase of the Consumption Voucher Scheme was disbursed just days before the fairs. According to a survey, at the fairs, 90% of interviewed exhibitors accepted at least one form of consumption voucher payment, the convenience of which motivated spending. The HKTDC also interviewed around 980 visitors during the fairs through random sampling. 48% of respondents spent HK$1,000 or more at the fairs, with the average per capita spending reaching HK$1,400. The survey also showed that nearly 75% of visitors made purchases at the fairs using electronic payment methods, while more than 78% of them used consumption vouchers. The strong results demonstrated how the added convenience of e-payment can drive consumption at fairs.

Exhibitors' strategic promotions lead to improved sales performance

Oriental Products Supplies Ltd has been supporting the Food Expo since the company's founding in 1998. "The Food Expo has always been the perfect place to reach more customers and we have strengthened our brand through the exhibition over the years," said Mok Wa-yan, Director of the company. "This year, we are showing a diversity of food items including fresh jellyfish and partridge. The response has been very strong and we have had to replenish stocks again and again to meet demand. The latest batch of consumption vouchers that were distributed just before the expo also fuelled the public's buying sentiment. Our total sales will exceed HK$1 million this year – a very encouraging result."

Another exhibitor, Star Chefs Creation Limited, saw robust sales boosted by KOL livestreaming sessions during the Food Expo, with more than 200 products of spicy duck blood, butterfly crisp, abalone noodles and creamy custard mooncakes sold via the livestreaming platform LOOPLIVE. Betty Chan, General Sales Manager of the company, said the KOL-led livestreaming sessions opened a new promotional channel for the company's products.

The concurrent Beauty & Wellness Expo showcased a wide range of beauty and fitness products. Exhibitor Sandi Poon, Business Development Director at Phoelia (Far East) Company Limited, Hong Kong, featured her company's French facial and wellness equipment during the fair and was impressed with the interest shown by visitors. "The expo gave visitors a chance to try our products and see the benefits. Each set of equipment sells for nearly HK$1 million and we had already sold seven sets to two beauty salons and one rehabilitation centre on the first two days of the expo."

Local homeware product Sam!ly Group Company Ltd has participated in the Home Delights Expo for many years. With more visitors coming to the event this year, Sales and Marketing Director Lydia Lai said the company expected to see sales revenue exceeding HK$200,000 during the fair.

Success of fairs highlights Hong Kong's importance in global trade

Numerous group pavilions participated at this year's Food Expo through local representatives. From Mainland China, the Agricultural Trade Promotion Center, Ministry of Agriculture and Rural Affairs, Guangxi Zhuang Autonomous Region and Chongqing Municipality presented local specialities and shared their unique culinary cultures, along with the Aomori Prefecture of Japan, the Japan External Trade Organization and Indonesia. The HKTDC and the Aomori Prefectural Government of Japan signed a Memorandum of Understanding (MoU) to carry out economic exchange programmes in the future. Besides expanding bilateral trade and investment, the MoU will also strengthen the economic partnership between the two places to create new business opportunities.

Largely targeting industry and trade buyers, the Trade Zone of the Food Expo and the Hong Kong International Tea Fair were also open to public ticketholders this year. In addition to inviting and organising local buying missions, the HKTDC also arranged more than 700 virtual business matching meetings. Exhibitors and buyers can continue to schedule and conduct more online meetings through Click2Match within seven days after the physical exhibitions. The brand-new exhibition model EXHIBITION+ enables global food buyers to conduct business through the physical exhibitions and an online platform at the same time. Traders were able to stay connected more easily, helping them to forge new deals.

Frozen seafood supplier Garmine Marine Products regularly joins the Food Expo to seek out new suppliers. General Manager Cameron KH Choy said: "Through the Click2Match platform, I've established contact with three mainland companies from Zhoushan City in Zhejiang Province for the supply of frozen seafood. Click2Match is very user-friendly, enabling smooth and effective exchanges with overseas suppliers. At the fairground, I found two other seafood suppliers from Zhoushan City at the Zhejiang Province pavilion. The hybrid EXHIBITION+ model is very useful in connecting suppliers online and offline for business expansion."

The HKTDC arranged a series of exciting activities for visitors during the four fairs, including the Star Chef Session, Road to Brewers Cup and Sharing, and numerous talks with different topics, including "Health Supplements Essential for COVID Period", "Innovative Hard Coating for Food Appliances", "Probiotics" and "The New Normal for Skin Care". The Buy-more-get-more Lucky Draw and Smart Bidding sessions were also held and met with great reception from visitors.

For more comments from exhibitors and buyers, please visit:
– HKTDC Food Expo: https://bit.ly/3w4deSn
– HKTDC Home Delights Expo: https://bit.ly/3C3720E
– HKTDC Beauty & Wellness Expo: https://bit.ly/3dvJXJP
– HKTDC Hong Kong International Tea Fair: https://bit.ly/3AouJPU
– Photo download: https://bit.ly/3PqBXXA

Websites:
– HKTDC Food Expo: https://www.hktdc.com/event/hkfoodexpo/en
– HKTDC Home Delights Expo: https://homedelights.hktdc.com/en
– HKTDC Beauty & Wellness Expo: https://hkbeautyexpo.hktdc.com/en
– HKTDC Hong Kong International Tea Fair: https://hkteafair.hktdc.com/en
– The International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM): https://icmcm.hktdc.com/en
– August Happy Buy website: https://ecoupon.hktdc.com/food/
– Hygiene measures and health tips: https://bit.ly/3S2wokS

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media enquiries
Ogilvy Public Relations:
Serena Chow, +852 9709 1318, serena.chow@ogilvy.com
Christy Lee, +852 9090 1314, christy.lee@ogilvy.com

HKTDC's Communications and Public Affairs Department:
Frankie Leung, +852 2584 4298, frankie.cy.leung@hktdc.org
Agnes Wat, +852 2584 4554, agnes.ky.wat@hktdc.org

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

HKTDC Food Expo and concurrent fairs open today

HONG KONG, Aug 11, 2022 – (ACN Newswire) – Organised by the Hong Kong Trade Development Council (HKTDC), the HKTDC Food Expo, HKTDC Home Delights Expo, HKTDC Beauty & Wellness Expo, and HKTDC Hong Kong International Tea Fair kicked off today at the Hong Kong Convention and Exhibition Centre (HKCEC). In addition, the International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM), organised by the Modernized Chinese Medicine International Association (MCMIA), together with the HKTDC and eight scientific research institutions, runs concurrently on 11 and 12 August. Guest of honour Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR), officiated at this morning's opening ceremony for the concurrent fairs, joined by Dr Peter K N Lam, Chairman of the HKTDC, and Margaret Fong, Executive Director of the HKTDC.

Financial Secretary of the HKSAR Paul Chan (front row, center) officiated at the opening ceremony, joined by Dr Peter K N Lam, HKTDC Chairman (2nd from R), Margaret Fong, HKTDC Executive Director (2nd from L), and other distinguished guests.

Officiating guests at the opening ceremony of the ICMCM include (front row, from L): Professor Lin Zhi Xiu, Chairman, ICMCM 2022 Organising Committee; Margaret Fong, Executive Director of the HKTDC; Libby Lee, Under Secretary for Health of the HKSAR Government; Prof Vivian Taam Wong, Vice President, Modernized Chinese Medicine International Association; and Prof Feng Yi Bin, Chairman, ICMCM 2022 Organising Committee

The Food Expo, featuring a wide range of gourmet products and cuisines from around the world, has once again attracted huge crowds.

Welcoming guests to the fairs, Dr Lam said: "Featuring a wide variety of quality products, these concurrent events highlight Hong Kong's reputation as Asia's gourmet paradise and lifestyle hub. The fairs also present an opportunity for over 1,000 local and global exhibitors to tap the tremendous buying power of Hong Kong consumers and buyers. In addition, I would like to thank the HKSAR Government for supporting the exhibitors through the Convention & Exhibition Industry Subsidy and the SME Export Marketing Fund. In challenging times, this support is invaluable to help exhibitors make use of our fairs to expand their buyer and customer base."

Food Expo (11-15 August): A global culinary journey

The 32nd edition of the Food Expo features the Public Hall, Gourmet Zone and Trade Zone to showcase the finest international cuisines. The Public Hall, which stays open throughout the five-day fair, presents a global selection of food items. These include Food Expo debutant Musang King durian snowy mooncake (booth: 1D-A18), the KiKi Moon Custard Mooncake Collection, plus sauces and tea blends from the popular Taiwanese restaurant KiKi Noodle Bar (KiKi Tea) (booth: 1A-A01), vegetarian crab cakes crafted with a proprietary blend of plant-based proteins (booth: 1E-A28), and the city's bestselling hormone-free partridge (booth: 1B-B02). Besides, the Premium Food Zone in the Public Hall features quality foods offered by more than 20 renowned brands, including Maxim's, Tai Pan, Nissin, Sau Tao, Tao Ti, WH Group, BGS and On Kee Dry Seafood.

In addition, three mainland Chinese pavilions participated through local representatives, including the Agricultural Trade Promotion Center of the Ministry of Agriculture and Rural Affairs, the Guangxi Zhuang Autonomous Region, and Chongqing. Among them, the Agricultural Trade Promotion Center of the Ministry of Agriculture and Rural Affairs will bring high-quality local products from Hebei, the Commerce Department of Guangxi Zhuang Autonomous Region will display the exquisite local traditional food, Yulin Niuba. The Chongqing Municipal Commission of Commerce will present local snacks and hot pot seasonings.

The highly anticipated Gourmet Zone is open to the public for four consecutive days (11 to 14 August) and features six thematic zones, namely Asian Cuisine, Western Delicacy, Sweet Delight, Green Palate, Coffee Avenue and an exciting new addition, Beer Cheers. Each zone features speciality food items, including the Mazinger Z 50th anniversary limited-edition red wine (booth: 3B-F19), Aomori Apple Jewellery Jelly from 76-year-old Japanese confectioner Nikaido Patisserie (booth: 3B-E07), Australian Jarrah honey straws (booth: 3C-B05), mead fermented from exquisite local longan honey using modern wine-making technology (booth: 3C-B06), and ready-to-eat Spanish sliced dried wagyu beef (booth: 3B-D05).

The Trade Zone, running for three days (11-13 August), features more than 100 exhibitors and multiple group pavilions, including several exhibitors from different provinces of Mainland China, such as Zhejiang, Hubei and the Sichuan online pavilion. Featured products include green plum fruit wine from Zhejiang, Wuchang rice from Heilongjiang, Shennong honey from Hubei, and fresh Sichuan pepper oil. The three-day exhibition is open to both industry buyers and public ticket holders.

To celebrate the HKSAR's 25th anniversary, 13 star chefs are invited to perform cooking demonstrations of 25 dishes. They include Executive Chef Ho Wai-sing of The Royal Garden Chinese Restaurant, Chinese Chef de Cuisine Ho Chun-hung of Hyatt Regency Hong Kong, Sha Tin, Founder of Hung's Delicacies Lai Wai-hung, and Executive Chef Will Leung of 1111 and more.

Other activity highlights at the Food Expo include:

– Culinary masterclasses on "Less Salt and Sugar" recipes to encourage the public to develop healthy eating habits (12 August)
– Interesting tutorials and insights including the "Chinese Rice Wine + Japanese SAKE Contest" (11 August) and "All about Single Malt Whisky" (13 August)
– Sharing on preparation for the World Brewers Cup coffee brewing competition along with coffee brewing tips (12 August)
– A series of seminars covering topics such as "Testing & Certification Services in the Food Industry" (11 August), "Health Supplement Essentials for COVID" (12 August), "Innovative Hard Coating for Food Appliances" (12 August), "EatSmart Restaurant Star+" (11-12 August), "Probiotics" (12 August), and "Blood Vessel Scavenger" (14 August)
– Hosted by media veteran Jacky Chan, Chef's Dialogue features three renowned Hong Kong chefs to share their tips on cooking, eating and ingredient selection (13 August)

Home Delights Expo (11-15 August): Build the ideal smart home

The Home Delights Expo returns for its eighth edition in 2022 and runs for five consecutive days. The Avenue of Delights features nearly 40 exhibitors and several lifestyle brands, including Towngas, ZWILLING JA Henckels, Rasonic, A-Fontane, Tiger, German Pool, and Zhang Xiao Quan. In addition, the expo presents a variety of innovative products, including an air purifier that uses NASA technology (booth: 3F-E20), an acetone breathalyser with an AI nutritionist built into the mobile app (booth: 3G-A16), an ultra-small window cleaning robot with autonomous navigation (booth: 3F-A12), and an EMS and heating soother with eight connectors that can massage two body parts at the same time (booth: 3F-C18).

This year, the Hong Kong Furniture and Decoration Trade Association pavilion is showcasing home design solutions that integrate technology in various living situations to create the ideal home. The Creative Corner introduces several innovative products from more than 50 local start-ups. They include handmade wooden frame glasses (booth: 3G-F05), a European birch grinder (booth: 3G-F02), and an iced tea candle with a look and aroma very similar to the popular drink (booth: 3G-F09).

Beauty & Wellness Expo (11-15 August): Maintain wellness inside and out

The sixth Beauty & Wellness Expo features four major pavilions: Federation of Beauty Industry (H.K.), Hong Kong Hair & Beauty Merchants Association, International Beauty & Health General Union, and The Cosmetics & Perfumery Association of Hong Kong Ltd. In addition, new pavilions have been formed by the Hong Kong China Federation of Bodybuilding & Fitness and the International Beauty Professionals Validation Association.

The expo features a wide range of products for those looking for a healthy lifestyle. They include Disney Trendy Colour Gel, a soak-off gel nail polish by Korean professional brand DGEL (booth: 3E-B17), an organic juicy makeup remover made using a unique formula (Booth: 3E-D02), a detoxification and dampness removal supplement kit using 13 patented ingredients (booth: 3E-E11), shoe insoles designed using biomechanical principles and sports mechanics (booth: 3D-C13), and a portable gym that provides total body strength training (booth: 3D-C01). In addition, diet therapy, health and beauty expert Yoko Tsang will share the new normal for skincare (14 August). On the same day, the Hong Kong China Federation of Bodybuilding & Fitness will host a preview of the 2022 Hong Kong Bodybuilding & Fitness Charity Championship – HKSAR 25 Anniversary Cup.

International Tea Fair (11-13 August): Appreciate the art of tea

The 13th Hong Kong International Tea Fair presents a variety of exceptional products, such as innovative Yunnan Taetea that still retains a traditional and classic style (booth: 3B-A02), special editions of Pu'er raw and ripe tea cakes produced in celebration of the 25th anniversary of the establishment of the HKSAR (booth: 3B-A08), and centennial Pu'er tea and tea of ancient tree made using century-old traditional fermentation techniques (booth: 3B-A11). There are several exciting activities at the fair including the "KamCha Workshop, Taste of Hong Kong – HK Style Milk Tea" (13 August), the Strength – Youth Tea Ceremony (13 August), and an insightful sharing session on nutrition and tea therapy (12 August).

This year's Hong Kong International Tea Fair and the Food Expo's Trade Zone are held in a brand-new exhibition model called EXHIBITION+ that allows global buyers to conduct business through physical exhibitions and an online platform at the same time, further expanding their market access. Exhibitors and buyers who cannot attend the fairs in person can actively browse AI-recommended leads, proactively search for business partners, and send requests for video conference meetings up to seven days in advance of the fairs via Click2Match, the smart business-matching platform.

ICMCM (11-12 August): Expert insights into Chinese medicine and therapies

The Modernized Chinese Medicine International Association has joined hands with the HKTDC and eight scientific research institutions to present the latest International Conference of the Modernization of Chinese Medicine & Health Products (ICMCM) on 11 and 12 August. The conference delivers invaluable information and insights on Chinese medicine to industry participants. This year's theme is "Innovative Drug Development and Clinical Research in Chinese Medicine" featuring 17 keynote speakers from the United States, Australia, Austria, Germany, Japan, Mainland China and Hong Kong. These experts will discuss research results and share successful cases of integrating Chinese and Western medicine. The conference runs in a hybrid format with physical and online sessions to facilitate the exchange of ideas among participants and speakers. Registered Chinese medicine practitioners in Hong Kong who join the conference can apply for the CME credits.

Supporting consumption voucher payment and fabulous lucky draw

The second phase of the Consumption Voucher Scheme was disbursed just before the fairs. The HKTDC is encouraging participants to use electronic payment systems at this year's fairs, with 90% of the surveyed exhibitors accepting at least one consumption voucher payment method for the convenience of the public. In addition, in partnership with livestreaming platform LOOPLIVE, the newly introduced livestreaming sessions feature key opinion leaders (KOLs) broadcasting live about exciting products and shopping privileges on the LOOPLIVE app during the fairs (11-15 August).

The "Buy-more-get-more Lucky Draw" is held daily during the exhibitions with fabulous prizes, including household products, skincare products, gourmet food, health products and fitness classes. Spending HK$200 or more on a single receipt gives visitors one entry into the lucky draw, with a maximum of five entries per receipt.

The HKTDC has also launched the "August Happy Buy" website, keeping the public updated on the latest shopping news and various flash sales at the fairs, including a HK$1 chicken pot, abalone noodle gift boxes and snowy durian mooncakes. Attendees can also download some 200 e-coupons in advance to enjoy special offers at the exhibitions.

Safety arrangements for visitors

Safety is a top priority for the HKTDC and various measures have been implemented to safeguard participants, including requiring everyone in the fairground to wear a mask; not allowing eating, drinking, and sample tasting in the fairground; setting up temperature-screening stations; providing hand sanitiser at multiple locations; and stepping up the cleaning and disinfection of exhibitors' booths and the overall venue. All exhibition visitors are required to use the LeaveHomeSafe mobile app to scan the venue QR code and present their Vaccine Pass at the fair entrance.

No physical ticket sales is arranged at the fairground. All visitors can pay with their Octopus card at the entrance toll booths to gain entry. To space out the flow of visitors and encourage the public to visit the exhibitions during non-peak hours, the HKTDC has introduced morning and night admission tickets at a special price.

Websites:
– HKTDC Food Expo: https://www.hktdc.com/event/hkfoodexpo/en
– HKTDC Home Delights Expo: https://homedelights.hktdc.com/en
– HKTDC Beauty & Wellness Expo: https://hkbeautyexpo.hktdc.com/en
– HKTDC Hong Kong International Tea Fair: https://hkteafair.hktdc.com/en
– The International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM): https://icmcm.hktdc.com/en
– Photo download: https://bit.ly/3zQihql

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media enquiries
Ogilvy Public Relations:
Serena Chow, +852 9709 1318, serena.chow@ogilvy.com
Christy Lee +852 9090 1314, christy.lee@ogilvy.com

HKTDC's Communications and Public Affairs Department:
Frankie Leung, +852 2584 4298, frankie.cy.leung@hktdc.org
Agnes Wat, +852 2584 4554, agnes.ky.wat@hktdc.org

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

Swang Chai Chuan Limited Announces Details of Proposed Listing on the Main Board of The Stock Exchange of Hong Kong Limited

HONG KONG, Aug 8, 2022 – (ACN Newswire) – Swang Chai Chuan Limited ("Swang Chai Chuan" or the "Group"), an established distributor of Food & Beverage ("F&B") and other products for recognised international and domestic third-party brands and own brands in Malaysia, today announced the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEX").

Swang Chai Chuan plans to offer a total of 241,000,000 shares under the Global Offering (subject to the Over-allotment Option), which comprises 216,900,000 Shares (subject to re-allocation and the Over-allotment Option) for the International Placing, and 24,100,000 Shares (subject to re-allocation) for the Hong Kong Public Offering. Based on the Offer Price HK$0.54 per Share (being the mid-point of the indicative offer price range of HK$0.52 to HK$0.56 per Share) assuming the Over-allotment Option is not exercised, after deducting estimated underwriting fees and other expenses, net proceeds from the Global Offering are estimated at approximately HK$86.0 million.

The Hong Kong Public Offering will commence from 9:00 a.m. on 8 August 2022 (Monday) and end at 12:00 noon on 11 August 2022 (Thursday). Results of allocations are expected to be announced on 18 August 2022 (Thursday), and dealing of the Group's shares is expected to commence on the Main Board of HKEX on 19 August 2022 (Friday) under the stock code of 2321. Shares will be traded in board lots of 5,000 Shares each.

Sunny Fortune Capital Limited is the Sole Sponsor and Sunny Fortune Capital Limited and Elstone Securities Limited are the Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers. BOCOM International Securities Limited, China Galaxy International Securities (Hong Kong) Co., Limited, CMBC Securities Company Limited, Haitong International Securities Company Limited and Phillip Securities (Hong Kong) Limited are the other Joint Bookrunners and other Joint Lead Managers.

Investment Highlights
Established F&B distributor of Own Brands, international and domestic brands in Malaysia
Swang Chai Chuan is one of the top 5 companies(1) in Malaysia F&B distribution industry. With its long years of experience in and dedication to the F&B distribution industry in Malaysia, the Group has become an established local F&B distributor with substantial scale, supporting over 200 international and domestic brands. Third-Party Brands distributed by the Group included Oreo, Cadbury, Ajinomoto, a British multinational ice-cream frozen dessert brand and a New Zealand international dairy product brand. The Group has also served a number of well-established retail chains such as Nirwana, TF Value-Mart, BS Group and Sabasun. To establish the reputation and enhance the market penetration, Swang Chai Chuan is committed to offering a wide range of products under different brands to customers with timely delivery service. At the same time, the Group has received awards and recognitions by Malaysian associations in recognition of the excellent product and services, such as the Superbrands Status and the Sin Chew Business Excellence Awards.

Strong sourcing network and long-term relationship with recognised international and domestic brand owners
The Group distributed and actively managed the diverse portfolio of F&B and other brands of a wide selection of quality products covering 4,000 SKUs, which can be divided into nine different core categories, namely dairy products, frozen food, packaged food and commodities, sauce, oil and condiments, beverages and specialty products, personal and baby care products, pet care products and cleaning and kitchen supplies. The Group has established long-term business relationship ranging from approximately 5 to 26 years with its five largest suppliers to date, thus enabling the Group to ensure a stable supply of products.

Since 2007, the Group started tapping into the development of certain Own-Brand Products, the variety of which was gradually expanded. The Group was able to provide different choices of F&B and other products to the customers under over 200 Third-Party Brands, consisting of approximately 140 international brands and approximately 80 domestic brands, together with products under five major Own Brands, such as CED, Mega Fresh, Mega Food, Sayangku and Snowcat, covering various product types and price ranges. Specialty products, salt, frozen seafood, frozen meat, and pet care products, etc. under the major Own Brands further enlarged the brand and product portfolio and consumer base of the Group. The Group will continue to explore new brands and products that are expected to have growth potential and to diversify the product offerings.

Large and diverse customer base with a strong focus on large retail chains and channels
The Group has established and maintained a large customer base with more than 11,000 active customers over the years with a focus on well-established retail chains. Many of the Group's customers are established international retail chains and local retail chains which make purchases frequently and in huge quantities. As a result of the effort to diversify customer portfolio, the Group also serves F&B dealers and merchandisers, school canteens, hospitality and other customers. As at 30 April 2022, the Group had established long-term business relationship with the five largest customers during the track record period ranging from approximately 11 to 26 years. The Group achieved high customer retention rate with revenue generated from repeat customer accounts contributing over 90% of the total revenue during the track record period. With the large and diverse customer base as illustrated above, the increasing scale and complexity of the customers' business operation have driven demand for F&B products sourced from suppliers that scale up the procurement and other business activities, thereby growing the revenue. The Group also enjoys economies of scale and continues to optimise its cost structure and increase its profitability.

Expansive distribution network is strategically located and well equipped with temperature-controlled facilities
The Group's distribution network, which form the cornerstone of warehousing and logistics management services, can effectively facilitate the supply chain of F&B distribution and deliver products to more customers on a timely basis with delivery lead time as short as within 24 hours. The Group currently operated 12 warehouses strategically located in the major sales regions in Peninsular Malaysia, with designated storage capacity of approximately 25,600 CBM, nine of which are equipped with cold storage facilities with an aggregate of approximately 4,550 CBM mainly for storage of frozen food and dairy products. The Group also operated a fleet of over 140 self-operated logistics vehicles, of which approximately 100 are refrigerated trucks, which facilitate an effective and efficient flow of warehousing and logistics management operations.

Proven track record of financial performance
During the track record period, the gross profit margin of the Group showed an upward trend, with the gross profit margin in FY2021 reaching 14.1%. Gross profit amounted to approximately RM94.5 million (equivalent to approximately HK$181.7 million) in FY2021, representing a year-on-year increase of approximately 18.5% from FY2020. Adjusted net profit also rose by approximately 29.9% year-on-year from FY2020 to approximately RM28.6 million (equivalent to approximately HK$54.9 million) in FY2021. (2)

RM'000(approximately) FY2019 FY2020 FY2021 4M2022(As at 30 April)
Revenue 497,435 564,632 668,738(equivalent to approximately HK$1,286,035) 266,652(equivalent to approximately HK$512,792)
Gross profit 66,187 79,733 94,508(equivalent to approximately HK$181,746) 38,753(equivalent to approximately HK$74,525)
Gross profit margin 13.3% 14.1% 14.1% 14.5%
Adjusted net profit* 17,686 21,985 28,562(equivalent to approximately HK$54,927) 13,556(equivalent to approximately HK$26,069)
Adjusted net profit margin* 3.6% 3.9% 4.3% 5.1%
* Adjusted net profit was calculated based on the profit for the year excluding listing expenses during the track record period

During the track record period, the Group recorded ongoing growth in revenue, gross profit and adjusted net profit. At the same time, gross profit margin and adjusted net profit margin also continued to rise.

Experienced and dedicated senior management team
The Group has an experienced, dedicated and capable management team led by the executive Directors, the Soon Brothers, who have been instrumental in spearheading the growth of the Group and have over 30 years of experience in the business of distribution of F&B products in Malaysia. They are responsible for the overall business strategy, planning, operational and sales management and development of the Group. In addition, the Group has a loyal, experienced and capable senior management team with extensive operational expertise and in-depth understanding of the F&B distribution industry in Malaysia and is able to establish a high degree of product differentiation and a broad brand portfolio.

Future Growth Strategies
Further enhancing distribution and sales capabilities by investing in cold chain and other infrastructure
During the track record period, the Group's revenue generated from frozen food and dairy products represented approximately 50% of the total revenue. Both frozen food and dairy products are sold by the Group under, in addition to Third-Party Brands, Own Brands or on a White-Label basis which generally have a higher profit margin as compared to the distribution and sales of Third-Party Brand Products. Going forward, the primary business strategies of the Group should pivot around enhancing the cold chain warehousing and logistics capabilities and management. The Group plans to (i) set up a new warehouse with cold storage facilities and upgrade the self-owned warehouses with advanced features; (ii) acquire and upgrade cold and other logistics vehicles; (iii) enhance cold chain and other management and information systems.

Apart from cold storage facilities, the expected increase in designated general storage capacity would also facilitate the optimisation of the storage space and enhance the efficiency in sales of the products that are stored under general condition and improve the operational results.

Enhanced development of Own Products
Own Products and White-Label Products generally enjoy a high gross profit margin, which drives the expansion of relevant segments. The Group plans to develop the business of the Own Products and White-Label Products by purchasing new processing machines for processing so as to take up more orders, save labour costs and enhance processing efficiency. The Group will also conduct marketing and promotional activities of the Own-Brand Products to further conduct media marketing and engage with more potential customers.

Development of e-commerce business by launching a mobile application
Owing to the large and diverse customer base with more than 11,000 active customers, the Group receives and processes a large number of orders from various types of customers every day. To streamline the ordering process and in line with the market trend, the Group plans to develop the e-commerce operations by engaging an external party service provider to design and customise a mobile application. The Ordering App is expected to be launched and put into use by the fourth quarter of FY2023 and it is expected to create a more convenient and pleasant purchasing experience for customers and enhance the efficiency of the Group.

Strategic acquisitions and investments along the supply value chain
In view of the expected growth in the F&B distribution industry in Malaysia, the Group plans to continue to expand the business and explore potential business opportunities by acquiring majority or entire shareholding of, or investing in, local company(ies) or acquiring business(es) in the F&B supply value chain, including horizontal and vertical acquisitions and investments.

Use of proceeds
Based on the Offer Price of HK$0.54 per Share (being the mid-point of the indicative Offer Price range of HK$0.52 to HK$0.56 per Share) and assuming the Over-allotment Option is not exercised, after deducting estimated underwriting fees and other expenses, net proceeds from the Global Offering are estimated at approximately HK$86.0 million. The Group currently intends to use the net proceeds from the Global Offering for the following manner:

Applications / Percentage
— To further enhance the distribution and sales capabilities by investing in cold chain and other infrastructure
47.8%
— To develop the Own Products business by acquiring new processing machines and conducting marketing and promotional activities 18.0%
— To develop e-commerce business by launching a mobile application 7.0%
— For strategic acquisitions and investments along the supply value chain 17.2%
— As general working capital 10.0%

Cornerstone Investment
The Group has entered into cornerstone investment agreements with four cornerstone investors separately, namely Mr. Tee Kian Heng, Huihuang Resources Limited, Dato' Sri Ng Chong Keong and Dato' Sri Pek Kok Sam (each a "Cornerstone Investor" and together the "Cornerstone Investors"), pursuant to which the Cornerstone Investors have agreed to, subject to certain conditions, subscribe for such number of Shares (rounded down to the nearest board lot of 5,000 Shares) at the Offer Price, which may be purchased with an aggregate amount of approximately HK$47.0 million. The Group believes that introducing the Cornerstone Investors to the Global Offering and securing the subscription of a significant number of Offer Shares will set a solid platform for the launch of the Global Offering by demonstrating the Cornerstone Investors' confidence in the Global Offering.

Swang Chai Chuan Limited
Swang Chai Chuan Limited is one of the top 5 companies* in Malaysia F&B distribution industry and is an established distributor of F&B and other products for recognised international and domestic third-party brands and own brands. Swang Chai Chuan Limited also provides suppliers with warehousing, logistics, sales and marketing support and other value-added services
* In terms of revenue in 2021, according to Frost & Sullivan

Capitalised terms used herein shall have the same meanings as those defined in the prospectus dated 8 August 2022, unless the context otherwise requires.

Media enquiries:
Strategic Financial Relations Limited
Veron Ng Tel: (852) 2864 4831 Email: veron.ng@sprg.com.hk
Mel Lai Tel: (852) 2864 4855 Email: mel.lai@sprg.com.hk
Aggie Fang Tel:(852) 2114 4987 Email: aggie.fang@sprg.com.hk

Notes:
(1) In terms of revenue in 2021, according to Frost & Sullivan
(2) These amounts are converted from Malaysian Ringgit to Hong Kong dollars or Hong Kong dollars to Malaysian Ringgit at an exchange rate of RM0.52 to HK$1.00. No representation is made that Malaysian Ringgit/Hong Kong dollars amount have been, could have been or may be converted to Hong Kong dollars/Malaysian Ringgit at that rate or at all.

Important:

1. This press release is for information purposes only and does not constitute or include any recommendation or invitation or offer (nor is calculated to invite such a recommendation, offer or invitation) by any person for acquisition, purchase or subscription of the securities of the Company nor does it intend to act as a recommendation of the sale of securities or any invitation or offer for acquisition, purchase or subscription of securities. This press release should accordingly not amount to an advertisement or invitation within the meaning of section 103(1) of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) or a prospectus or an extract from or abridged version of a prospectus within the meaning of sections 2 and 38B, respectively of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong). Investors should read the prospectus of the Company for detailed information about the Company and the proposed offering before deciding whether or not to purchase any securities of the Company. An application to subscribe for the shares referred to in this press release by any persons shall be made solely based on the prospectus and the application forms to be issued by the Company on 8 August 2022.

2. No application for the shares of the Company should be made by any person nor would such application be accepted without the completion of a formal application form or other application procedure that is issued with or in respect of the prospectus.

3. The directors of the Company collectively and individually accept full responsibility for the accuracy of the information contained in this press release and confirm, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts the omission of which would make any statement herein misleading.

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

HKTDC Food Expo and four concurrent events kick off next week

HONG KONG, Aug 2, 2022 – (ACN Newswire) – Organised by the Hong Kong Trade Development Council (HKTDC), the highly anticipated HKTDC Food Expo, HKTDC Home Delights Expo, HKTDC Beauty & Wellness Expo and HKTDC Hong Kong International Tea Fair will run from 11-15 August at the Hong Kong Convention and Exhibition Centre (HKCEC). Under the overarching theme "Living a New Style", the four fairs will present close to 1,000 exhibitors, featuring a wide array of global gourmet foods and various new products. In addition, the International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM), organised by the Modernized Chinese Medicine International Association (MCMIA) together with the HKTDC and eight scientific research institutions, will be held at the same venue on 11 and 12 August to deliver professional Chinese medicine insights into the industry.

Sophia Chong, HKTDC Acting Executive Director, introduced key highlights of the five events at a press conference today.

The Food Expo offers a wide range of products for those who enjoy indulging in a variety of international cuisines, including Ethiopia Sidama (natural) coffee beans, ice cream with no added sugar and Thai green curry vegan chicken.

The Home Delights Expo will showcase a wide range of smart home products, kitchen appliances, kitchenware, tableware, furniture and household products.

Introducing details of the five events at a press conference today, Sophia Chong, HKTDC Acting Executive Director, said: "The Food Expo is an eagerly awaited annual event in Hong Kong that has been well received by the public for more than 30 years. This year, to celebrate the 25th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR), we have invited 13 star chefs to conduct cooking demonstrations of 25 dishes as one of the key highlights. The second phase of the Consumption Voucher Scheme and the recent opening of the Exhibition Centre MTR station will help attract more people to attend the concurrent events and enjoy a one-stop shopping experience."

Food Expo (11-15 August) – a global culinary journey

The 32nd edition of the Food Expo presents the Public Hall, Gourmet Zone and Trade Zone to showcase the finest international cuisines. The Gourmet Zone will be open to the public for four days (11-14 August) and will feature 90 exhibitors presenting the best of Asian and European cuisines, desserts, organic foods, fine coffee and more. A new theme, Beer Cheers, will enable the public to explore quality beers from a number of local craft breweries.

The Public Hall, with more than 430 exhibitors, is a five-day international culinary extravaganza where the Premium Food zone will feature more than 20 renowned brands, including Maxims, Tai Pan, Nissin, Sau Tao, Tao Ti, WH Group, On Kee Dry Seafood and newcomers, such as BGS. In addition, a number of organisations are setting up group pavilions to promote quality goods directly to consumers, including Hong Kong & Kowloon Provisions, Wine & Spirit Dealers' Association x Nam Pak Hong Association, Beverage and Food Community, Hong Kong People and Brands, Korean Chamber of Commerce in Hong Kong, Hong Kong Food Science and Technology Association, Hong Kong General Chamber of Wine & Spirits and the Hong Kong Wine and Spirits Association. Overseas group pavilions set up through local representatives, including the Agricultural Trade Promotion Center, Ministry of Agriculture and Rural Affairs, Guangxi Zhuang Autonomous Region and Chongqing Municipality from Mainland China, plus the Aomori Prefecture of Japan, Japan External Trade Organization and Indonesia, will present local specialities and different culinary cultures.

Food and beverage specialities at the Food Expo include cold brew coffee made with single-origin Ethiopia Sidama (natural) coffee beans, ice cream with no added sugar, and LEAVES Sarawak 3-layer milk tea from Malaysia. Given the growing popularity of vegetarian food, the expo has also sourced a wide range of sustainable and healthy vegetarian options, including Thai green curry vegan chicken, plant-based golden nuggets and plant-based crab cakes.

The Trade Zone (11-13 August) will feature more than 100 exhibitors and multiple group pavilions, including a number of provinces from Mainland China, such as Zhejiang, Hubei as well as the Sichuan online pavilion, and more. Featured products include Shaoxing Huadiao wine from Zhejiang, wild camellia oil from Hubei and truffle wine from Sichuan. The three-day exhibition is open to both industry buyers and public ticket holders.

To celebrate the HKSAR's 25th anniversary, 13 star chefs will perform cooking demonstrations of 25 dishes. They include Executive Chef Ho Wai-sing of The Royal Garden Chinese Restaurant, Chinese Chef de Cuisine Ho Chun-hung of Hyatt Regency Hong Kong, Sha Tin, Founder of Hung's Delicacies Lai Wai-hung and Executive Chef Will Leung of 1111. In collaboration with the Environment and Ecology Bureau's Committee on Reduction of Salt and Sugars in Food, and the Centre for Food Safety, the expo will invite famous chefs to demonstrate "less salt and less sugar" recipes to encourage healthy eating in the city. Other activities being held during the expo include seminars on food technology and the introduction of restaurants from the EatSmart Restaurant Star+ Campaign.

Home Delights Expo (11-15 August) – building the ideal smart home

The eighth Home Delights Expo will showcase a wide range of smart home products, kitchen appliances, kitchenware, tableware, furniture and household products. The Avenue of Delights will feature nearly 40 exhibitors and several lifestyle brands, including Towngas, ZWILLING JA Henckels, Rasonic, A-Fontane, Tiger, German Pool and Zhang Xiao Quan. In addition, the expo will present various innovative products, including an ultra-small window cleaning robot (Wi-Fi version), an EMS and heating soother with eight connectors, an intelligent ionic 3D oscillating air circulation fan,a smart healthy pot, and more.

This year, the Hong Kong Furniture and Decoration Trade Association pavilion will showcase home design elements that integrate technology in various living situations to create the ideal smart home. In addition, the Creative Corner will introduce several innovative products from local start-ups, including handmade wooden frame glasses, a European birch grinder, and an iced tea candle.

Beauty & Wellness Expo (11-15 August) – revitalising beauty inside and out

The sixth Beauty & Wellness Expo will showcase a wide range of beauty and fitness products. In addition to the four major pavilions hosted by the Federation of Beauty Industry HK, Hong Kong Hair & Beauty Merchants Association, International Beauty & Health General Union, and The Cosmetic & Perfumery Association of Hong Kong Ltd, there will also be new pavilions formed by the Hong Kong China Federation of Bodybuilding & Fitness Limited and International Beauty Professionals Validation Association. The expo will feature a wide range of products for those looking for a healthy lifestyle, including an organic juicy makeup remover, an aroma bubble bath bomb and a total body portable gym. Several exciting events will be held during the expo, including a talk by diet therapy, health and beauty expert Yoko Tsang on the new normal for skincare.

International Tea Fair (11-13 August) – celebrating the art of tea

The 13th Hong Kong International Tea Fair brings a variety of exceptional products, such as Yunnan Taetea and Hong Kong-style milk tea home brew sets. The fair also features the Hubei pavilion, bringing its famous local teas to the city. KamCha will also share his valuable insights into brewing Hong Kong-style milk tea.

This year, both the Hong Kong International Tea Fair and the Trade Zone of the Food Expo will adopt EXHIBITION+, the brand-new hybrid exhibition model, allowing global food and tea buyers to simultaneously conduct business through the physical exhibition and online platform. Exhibitors and buyers who cannot attend the fairs in person can actively browse AI-recommended leads, search partners proactively, and send meeting requests for video conferences through Click2Match, the smart business-matching platform, up to seven days before the fairs.

ICMCM (11-12 August) – experts discuss Chinese medicine based new drug innovations

The Modernized Chinese Medicine International Association together with the HKTDC and eight scientific research institutions have joined together to present the latest International Conference of the Modernization of Chinese Medicine & Health Products (ICMCM), providing invaluable Chinese medicine information and insights for industry participants. This year's theme is "Innovative Drug Development and Clinical Research in Chinese Medicine", featuring 17 keynote speakers, including experts from the United States, Australia, Austria, Germany, Japan, Mainland China and Hong Kong, who will discuss research results and share successful cases of integrating Chinese and Western medicines. The conference will run in a hybrid format with physical and online sessions to facilitate exchange of ideas among participants and the speakers.

Support for consumption voucher payment and daily lucky draw

With the second phase of the Consumption Voucher Scheme to be disbursed before the fairs, the HKTDC has been encouraging exhibitors to use electronic payment systems. A survey of exhibitors at the four fairs conducted by the HKTDC showed that more than 90% of them will accept at least one consumption voucher payment method for the convenience of the public. In addition, the new livestreaming sessions, created in partnership with livestreaming platform LOOPLIVE, will have key opinion leaders (KOLs) broadcast live about highlighted products and shopping privileges on the LOOPLIVE app before and during the fairs.

The "Buy-more-get-more Lucky Draw" will be held daily during the exhibition period with prizes including household products, skincare products, gourmet food, health products and fitness classes. Spending HK$200 or more on a single receipt gives visitors one entry into the lucky draw, with a maximum of five entries per receipt. The HKTDC has launched the "August Happy Buy" website, keeping the public up to date on the latest shopping news and various flash sales, including a HK$1 chicken pot, abalone noodle gift boxes and snowy durian mooncakes. Attendees can also download some 200 e-coupons in advance to enjoy all the special offers at the exhibitions.

Safety arrangements for visitors

Safety is a top priority for the HKTDC, and various measures will be put in place to protect participants against the pandemic, including requiring everyone entering and staying in the fairground to wear a mask; not allowing eating, drinking and sample tasting in the fairground; setting up temperature-screening stations; providing hand sanitiser at multiple locations around the venue; and stepping up the cleaning and disinfection of exhibitors' booths and the venue itself. All exhibition visitors will be required to use the LeaveHomeSafe mobile app to scan the venue QR code and present their Vaccine Pass at the fair entrance.

Physical ticket sales for the August exhibitions will not be available at the fairground to avoid cash usage and minimise contact. Visitors can pay with their Octopus card at the entrance toll booths to gain entry. To spread the flow of visitors and encourage the public to visit the exhibitions during non-peak hours, the HKTDC has introduced morning and night admission tickets at special prices. Details of the ticketing arrangements can be found below.

HKTDC Food Expo: https://hkfoodexpo.hktdc.com
HKTDC Home Delights Expo: https://homedelights.hktdc.com
HKTDC Beauty & Wellness Expo: https://hkbeautyexpo.hktdc.com
HKTDC Hong Kong International Tea Fair: https://hkteafair.hktdc.com
The International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM): https://icmcm.hktdc.com
August Happy Buy website: https://ecoupon.hktdc.com/food/
Hygiene measures and health tips: https://bit.ly/3S2wokS
Photo download: https://bit.ly/3OOBM8h

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media enquiries
Ogilvy Public Relations:
Serena Chow, +852 9709 1318, serena.chow@ogilvy.com
Christy Lee, +852 9090 1314, christy.lee@ogilvy.com

HKTDC's Communications and Public Affairs Department:
Frankie Leung, +852 2584 4298, frankie.cy.leung@hktdc.org
Agnes Wat, +852 2584 4554, agnes.ky.wat@hktdc.org

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