SMI Vantage: Acqusition of 51% Stake in Provino Logistics to Complement and Expand Current Business Areas in F&B

SINGAPORE, Jul 3, 2023 – (ACN Newswire) – SMI Vantage Limited, a company listed on the mainboard of the SGX, recently announced that the Company entered into a sales and purchase agreement ("the Agreement") with Michael Hadley and his partners, on the acquisition of a 51% stake in Provino Logistics Pte Ltd ("The Target").

The Target's business activities are based in Singapore and is primarily in third party logistics specializing in inventory management services to the wine and spirits and other alcoholic beverages industry including export services ("Business"). It uses a world class proprietary Warehouse Management System making the company a leader in the use of such technologies.

Combined with the Group Chief Executive Officer's ("CEO") considerable knowledge of, and global network in, the field of wines and spirits, the Board is of the view that the Proposed Acquisition will allow the Company to further develop its logistics business, an area which the Group already has considerable expertise.

CEO and President of SMI Vantage Mark Bedingham is a graduate of Oxford University and began his career with Jardine Matheson and was subsequently appointed as a Director of Jardine Pacific. He joined Moet Hennessy (LVMH Group) in the mid-1990s as the Regional Managing Director of APAC and served in that role for twenty years. Today, he also serves on the Board of The Artisanal Spirits Company (ASC), a company that owns the Scotch Malt Whisky Society (SMWS) a specialist bottler of cask strength single malt whisky and is a membership-based e-commerce business. He has also previously served as Executive Chairman in two large hospitality companies, both of which have a significant presence in Singapore.

"The Proposed Acquisition is part of the Group's corporate strategy to diversify and expand into complementary business areas within the food and beverage industry and will provide the Group with a new source of revenue, improve profitability and enhance shareholder value," said Mark Bedingham.

"I am extremely pleased to be partnering with SMI Vantage and believe that their relevant expertise and deep experience in logistics and the F&B business will allow Provino to grow significantly going forward. I am excited to see the fruits of this partnership pan out in the future, as we look to grow this business together," Michael Hadley added.

For details on the Agreement please refer to the Company's Announcement posted to SGX Net on [27 June 2013]

About SMI Vantage

SMI Vantage Limited is an investment and management company focused on capitalising on strong trends in the new economy including Food and Beverage related businesses, technology-based SaaS services and other high-tech platforms. Listed on the Main Board of the Singapore Stock Exchange, SMI Vantage Limited has a highly capable and experienced management team with a proven track record in building strong business partnerships and alliances.

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Nissin Foods Acquires and Contributes Capital to Nissin Vietnam

HONG KONG, Jun 29, 2023 – (ACN Newswire) – Nissin Foods Company Limited ("Nissin Foods", together with its subsidiaries, the "Group"; Stock code: 1475) has signed a Capital Transfer Agreement with Nissin Foods Asia Co., Ltd.(1) (the "Vendor"), with the Group agreeing to purchase the Assigned Contributed Capital(2) at the Consideration of approximately USD9.5 million for the Acquisition of Nissin Foods Vietnam Co., Ltd. ("Nissin Vietnam") and contribute USD2.0 million to the capital of Nissin Vietnam (the "Capital Contribution") after the Acquisition is completed. The Total Consideration payable for the Acquisition and the Capital Contribution amounted to approximately USD11.5 million.

Nissin Vietnam manufactures and distributes instant noodles, and imports and exports instant noodles and other food products. It owns and operates an instant noodles factory covering an area of approximately 60,000-square-metre in Binh Duong Province, Vietnam.

Nissin Vietnam manufactures and distributes instant noodles, and imports and exports instant noodles and other food products. It has also been manufacturing bag-type noodle products for Nissin Foods. Nissin Vietnam owns and operates an instant noodles factory covering an area of approximately 60,000-square-metre in Binh Duong Province, Vietnam.

When the Acquisition and Capital Contribution are completed, Nissin Vietnam will be held 67% by the Group and 33% by the Vendor and will become a non-wholly-owned subsidiary of the Group, with its financial results to be consolidated into that of the Group. With control over Nissin Vietnam, Nissin Foods will be able to expand its business footprint geographically and enjoy greater flexibility in deploying production capabilities in Vietnam to respond to increasing market demand and the changing business environment.

Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "As the world returns to normal, we see the need to expand production capacity to meet the expected growth in demand for premium instant noodle products. The acquisition of Nissin Vietnam will enable greater flexibility in resource allocation and better cost management, thereby strengthening our overall competitiveness. Furthermore, the expertise and experience gained from the operations in Hong Kong and Mainland China will allow the Group to enhance instant noodles production, sales and distribution in Vietnam, accelerate business growth and capture long-term market growth trends in Vietnamese premium instant noodles market, ultimately boosting the Group's overall profitability."

For more information, please refer to the Announcement on the Hong Kong Stock Exchange website at: https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0629/2023062900446.pdf

About Nissin Foods Company Limited
Nissin Foods Company Limited ("Nissin Foods", together with its subsidiaries, 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, primarily focusing on the premium instant noodle segment. The Group officially established its presence in Hong Kong in 1984 and is the largest instant noodle company in Hong Kong. The Group primarily manufactures and sells instant noodles, high-quality frozen food products, including frozen dim sum and frozen noodles, and also sells and distributes other food and beverage products, including retort pouches, snacks, mineral water, sauce and vegetable products under its two core corporate brands, namely "NISSIN" and "DOLL" together with a diversified portfolio of iconic household premium 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.

(1) Nissin Foods Asia Co., Ltd. is a wholly-owned subsidiary Nissin Foods Holdings Co., Ltd. ("Nissin Japan")
(2) The contributed capital represents 66.01% of Nissin Vietnam's contributed charter capital

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

Moolec Science Presents ‘Piggy Sooy’, a Soybean Platform That Can Produce Significantly High Amounts of Pork Proteins

Luxembourg, Jun 27, 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 technology, announced today an outstanding achievement in its Meat Replacements Program for the Soybean platform, as its new "Piggy Sooy" produced a significantly high amount of pork protein.

Piggy Sooy

The animal protein reached a high expression level up to 26.6% of total soluble protein in soy seeds, 4x higher than initially projected by the Company. The result can be directly observed due to the pink color of Moolec's soybeans, the same color as the pig (access the picture by clicking here https://moolecscience.com/#piggysooy ). After this achievement, the Company's soybean platform was renamed "Piggy Sooy".

The breakthrough accomplishment has led Moolec to file a new patent utilizing a novel approach aiming to provide the Company with a frictionless regulatory pathway going forward.

Moolec's CEO & Co-Founder Gaston Paladini said: "Piggy Sooy represents tangible and visual proof that Moolec's technology has the capacity to achieve significant yields in plants to produce meat proteins. With this groundbreaking achievement, Moolec consolidates its position as a category creator and a pioneer in Molecular Farming for the food industry. Our plant biology team is writing the history of science in food, I couldn't be prouder of them."

This scientific milestone consolidates the Molecular Farming path as one of the most valuable alternative technologies to produce animal proteins, given that plants can function as animal protein factories in a more efficient manner than initially expected. This enhanced efficiency of plants has the potential to improve the economics of the Company's business model.

Moolec Science is producing several meat proteins in plants as functional ingredients to improve the taste, appearance, texture, and nutrition of meat alternatives. Due to its enhanced functionality and final application, the Company also highlighted that these food ingredients could also be potentially commercialized within the ~$600 billion traditional processing meat industry.

Amit Dhingra, Ph.D., Chief Science Officer of Moolec said: "This achievement opens up a precedent for the entire scientific community that is looking to achieve high levels of protein expression in seeds via Molecular Farming." He further emphasized: "Moolec has developed a unique, successful, and patentable platform for the expression of highly valuable proteins in the seeds of economically important crops such as soybeans. This platform has the potential to be used across a wide variety of proteins of interest for a broad range of industries, such as the pharma, cosmetic, diagnostic reagents, and other food industries."

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 (24, 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 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 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 Moolec' Annual Report on Form 20-Filled 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

Edmond Lococo
ICR
edmond.lococo@icrinc.com

Related Files
Moolec Science Presents "Piggy Sooy", A Soybean Platform That Can Produce Significantly High Amounts Of Pork Proteins.pdf
https://cdn.newswire.com/files/x/d9/db/f425d1320c1028c17fdceea2e8f4.pdf

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Spritzer Launches Label-Free Bottles

KUALA LUMPUR & TAIPING, Jun 23, 2023 – (ACN Newswire) – SPRITZER (the "Company") today announced the rollout of the Company's latest sustainability initiative, label-free, 100% recyclable bottles, for Spritzer silica-rich Natural Mineral Water, as part of the move towards reducing the use of plastic while minimising the impact on the environment.

The quality of Spritzer Natural Mineral Water remains the same, with the water coming from the pristine protected source in Taiping, Perak. The bottles are produced from recycled plastics that can be recycled. The silica-rich Spritzer Natural Mineral Water is superior in taste and has been recognised as such by the Brussels-based International Taste Institute with three stars in the Superior Taste Award 2022. For the launch, the label-free bottles will have a limited distribution at the beginning and now are available on Spritzer online store and Spritzer EcoPark.

The Spritzer Natural Mineral Water 1.25-litre and 550-millilitre options will now come in label-free options and consumers can still enjoy well-balanced, quality water that is perfect for coffee or tea-brewing and to use for cooking.

This latest initiative of sustainable packaging is part of the proof of our commitment to becoming a fully circular brand by 2030. It's now more important than ever for us to bring consumers our natural mineral water in a more sustainable way as we owe everything to nature.

As part of ESG efforts, Spritzer encourages everyone to be more environmentally responsible. By taking small steps towards sustainability like choosing eco-friendly products, we can make a big impact on the health of our planet for future generations.

The label-free Spritzer Natural Mineral Water can be ordered through https://shop.spritzer.com.my/ , https://shoppee.com.my/spritzer.os , https://www.lazada.com.my/shop/spritzer/ or at Spritzer EcoPark.

Image Download Link: https://drive.google.com/drive/folders/1NtiB9Rsl3T-ncAJleUPAnIYE_WdiGK9G?usp=sharing

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.

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

FRIED WITH PRIDE: Everyone has a seat at the table with KFC

BANGKOK, Jun 15, 2023 – (ACN Newswire) – KFC Thailand loaded its buckets with three important ingredients at the "Proud To Be Pride Parade 2023": Love, Respect and Equal Opportunity. A trio of deep-fried values that've been coming in hot for KFC fans since 1952 – and this year's rainbowed streets of CentralWorld Square, were no exception.

A pride parade unlike any other, "Proud To Be Pride" lit up Bangkok as a love fest spectacular on 1 June. Presented by Muse by Metinee x CentralWorld x The United Nations Development Programme, this was one gathering of minds that certainly needed no introduction. KFC Thailand was front and centre, with its Pride placard quoting the Colonel's very first testimony from back in the day: 'Everyone gets a seat at the table.' And this year, everyone did. The Colonel's 2023 Thai team bucketed forth and joined hearts with their pledge for diversity, inclusion, and equality, specifically in the workplace. KFC took to the bright-striped avenues with life-size recruitment buckets, in support of equal opportunities for all.

Spectators, marchers and even musicians were embraced and ushered by zealous KFC-stars to the KFC Walk-In Recruitment Buckets – where the table was duly laid with the freedom to be your best self, no matter what. Everyone was invited to step in and apply for some of the hottest KFC job vacancies this side of the menu. This was undoubtedly a proud moment for the KFC squad.

"At KFC Thailand, we're not just about chicken; we're about people – and encouraging people to bring their best selves to the party," says Sakechai Choomuenwai, General Manager of KFC Thailand. "We're an inclusive organization that goes above and beyond to cultivate a workplace where human values like Love, Respect and Pride are always dished up first," says Choomuenwai.

With its zero-discrimination policy, and an all-time customer promise to serve its patrons with friendship, KFC Thailand makes no bones about its uncapped celebration of LGBTQ+ rights, applying the essence of diversity and equality to every touchpoint in and outside of its business. For KFC, Pride is not only reserved for the month of June, but rather, "Pride is a way of service and a way of life," adds Choomuenwai, "and so too is individualism. If we can continue to provide an environment where our team members feel safe and comfortable to openly express themselves, then we're doing our jobs, and we're doing them well," ends Choomuenwai.

By affording equal and fair career opportunities, KFC Thailand continues to stand strong against the backdrop of diversity and inclusion and holds true to its deeply-ingrained wishbone: to nourish a nation of dreamers, doers and achievers – and to do it with a whole lot of zing!

#KFCThailand #musebymetinee #UNDPthailand #centralwOrld #CTWprOudtObepride #PrideMonth2023

About KFC

KFC, one of the largest brands of quick service restaurants (QSR) and is popular all over the world. Founded by Colonel Harland Sanders in 1952 with a commitment to improving and offering delicious and unique fried chicken menu of excellent quality to customers who love fried chicken. In Thailand, the first KFC store was established in 1985 at Central Ladprao Department Store. Currently, there are 978 KFC branches nationwide (as of October 2022). Brand and franchise management by YUM Restaurants International (Thailand) Co., Ltd. and KFC restaurant management by 3 franchisees: Central Restaurants Group Co., Ltd. (CRG), Restaurant Development Co., Ltd. (RD), The QSR of Asia Co., Ltd. (QSA).

Source: KFC Thailand

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

43rd ASEAN Food Security Meeting: Indonesia urges ASEAN anticipate global food crisis

Bogor, Indonesia, Jun 14, 2023 – (ACN Newswire) – The 43rd ASEAN Food Security Reserve Board (AFSRB) meeting hosted by Indonesia on June 7-8, 2023, has discussed food security as one of the concerns of Southeast Asian countries since the world is facing the threat of a global food crisis due to climate change, El Nino phenomenon, and geopolitical conflicts.

National Food Agency (Bapanas) Head Arief Prasetyo Adi during the ASEAN Food Security Reserve Board
(AFSRB) meeting in Bogor, West Java, on Wednesday (June 7, 2023). (ANTARA/HO-Bapanas/FR)

The 43rd AFSRB meeting, held in Bogor District, West Java Province, was attended by representatives of all ASEAN member countries, the ASEAN Secretariat, the AFSRB Secretariat, the ASEAN Plus Three Emergency Rice Reserve (APTERR) Secretariat, and the ASEAN Food Security Information System (AFSIS) Secretariat.

"We have to take concrete action to address the potential global food crisis, including various other risks threatening the food system," the Head of Indonesia's National Food Agency (NFA) Arief Prasetyo Adi said. Therefore, it is important to ensure the stability, availability, accessibility, and wise utilization of the food stocks in the region.

One of the attempts to address food and nutrition security dynamics is by strengthening the commitment of ASEAN member countries through the establishment of an ASEAN Leaders' Declaration regarding food security. It is expected to be endorsed by the leaders of ASEAN member countries at the 43rd ASEAN Summit scheduled to be held in Jakarta in September 2023.

The ASEAN Leaders' Declaration on Strengthening Food Security and Nutrition in Time of Crises is one of the Priority Economic Deliverables (PEDs) of Indonesia's chairmanship in ASEAN 2023 as well as the topics in the 43rd AFSRB meeting.

The document will encourage the establishment of a cooperation mechanism among various domestic institutions of ASEAN member countries in the agriculture, trade, finance, and transportation sectors to strengthen food security in the region. The cooperation mechanism also aims to bolster regional supply chains and sustainable farming.

Apart from the declaration, the meeting also brought attention to the recent food issues in each member country, so that problems can be solved through regional cooperation. Representatives of each Southeast Asian country would report on food commodity availability, and the forum would determine which and how much food resource should be reserved.

As quoted from the Indonesian Foreign Affairs Ministry's website, the ongoing Russia-Ukraine conflict had disrupted the global supply chain, resulting in an increase in food prices by up to 30 percent. The condition also affects ASEAN member countries. The average inflation rate in the countries reached 15 percent in 2023 so far.

The NFA, as a governmental institution responsible for maintaining food security in Indonesia, developed a national food reserve and distribution system to anticipate the global food crisis potential. The agency develops collaboration with related ministries and institutions, State-owned Enterprises, universities, non-governmental organizations, agricultural and farmer associations, and the private sector as well as international stakeholders.

Kuntum Khaira R, Fadhli Ruhman, Editor: Azis Kurmala (c) ANTARA 2023

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

Vivid Fire Kitchen Heats Up Vivid Sydney 2023 With A Sizzling Local Line-Up

SINGAPORE June 12, 2023 – (ACN Newswire) – The Vivid Food program presents a stellar line-up of local culinary heroes along with internationally acclaimed pitmasters for Vivid Fire Kitchen, a barbecue of epic proportions taking place at The Cutaway, Barangaroo for three weeks of flame-fuelled festivities set alongside the immersive splendour of Vivid House.

Chef Dave Pynt

Visitors to Vivid Fire Kitchen will be spoilt for choice, with Ross Lusted from Woodcut at Crown Sydney; revered chef and fire connoisseur Tim “Chef Tonto” Yates; Danielle Alvarez; one of Australia’s most celebrated chefs, who was previously at Fred’s, and Jordan Walker Toft from Mimi’s all set to showcase their primal cooking skills.

Festival-goers can grab a free spot by the fire pit to watch pitmasters take to the coals, purchase exclusive dishes and discover tips and tricks from the best of the barbecue trade.

Vivid Fire Kitchen will also host an exciting line-up of street food, trailblazing restaurants and innovative dining concepts, including Alibi Bar & Dining; modern Indian offering Don’t Tell Aunty; NOLA Smoke House and Bar; social dining enterprises Kabul Social, Colombo Social and Coyoacán Social; low’n’slow specialists BlackBear BBQ; Brazilian Parilla barbecue specialist Pampa Flame; Asian American barbecue fusion Smok’n Blues; and the Catalonian inspired Bar La Salut, as well as the delicious brainchild of three junior fine-dining chefs, Burger Head.

Vivid Sydney Festival Director Gill Minervini said the culinary creations on offer at Vivid Fire Kitchen and throughout the Vivid Food program perfectly complemented the visual, ideas and musical experiences the festival offers.

“For the first year of Vivid Food, we couldn’t be happier with the line-up assembled across the whole program, and the latest additions to Vivid Fire Kitchen. These pitmasters and dining concepts are showcasing the best of Sydney’s culinary scene in an accessible way,” Ms Minervini said.

“With all Vivid Fire Kitchen events taking place at The Cutaway in Barangaroo, festival-goers can round out their Vivid Sydney experience here before or after experiencing the 8.5km Vivid Light Walk, along with the incredible offering from our Vivid Music and Vivid Ideas program.”

The additions to the Vivid Fire Kitchen line-up join previously announced pitmasters Lennox Hastie of Firedoor,MasterChef Australia 2021 runner-up Pete Campbell, Singapore-based, Michelin-starred chef Dave Pynt and raw fire cooking connoisseur Pip Sumbak. World Barbecue Champion Sterling Smith and Pitmasters Brasil founder Daniel Lee will also take to the coals, plus Aussie-born Jess Pryles will be bringing her innovative Texan flair to smoking and grilling.

It won’t all be about the food at Vivid Fire Kitchen: guests can also try a Fire + Ice cocktail, topped with a flaming marshmallow and served in an edible ice cup, or slake their thirst with delectable drinks from Tempus Two, 4 Pines Brewing Co. and Unexpected Guest Gin, among other leading local producers. When the sweet cravings call, head to the hot chocolate and s’mores bar or, for something stronger, drop by Mr Black for an espresso martini.

Vivid Fire Kitchen is free entry for visitors to Vivid Sydney, complementing other free festival events; the 8.5km Light Walk from Circular Quay to Central Station, including DJs at the Goods Line; thought-provoking talks at the Powerhouse and Australian Museums; and the Tumbalong Nights concert series.

Vivid Fire Kitchen is being produced by IMG, the global events company behind Gourmet Escape, Taste Festivals, The Big Feastival, New York Fashion Week: The Shows and Frieze art fairs.

For more information and to keep updated about the program, go to vividsydney.com

About Vivid Sydney

Vivid Sydney is Australia’s largest festival celebrating creativity, innovation and technology, and transforms Sydney into a kaleidoscope of colour and events for 23 nights. Staged for its 13th year in 2023, Vivid Sydney will bring together mesmerising displays from the world’s brightest light artists, exhilarating live music performances, deep-dive discussions with thought leaders, and innovative experiences from food creatives. Vivid Sydney is owned, managed and produced by Destination NSW, the NSW Government’s tourism and major events agency.

About IMG

IMG is a global leader in sports, fashion, events and media. The company manages some of the world’s greatest athletes and fashion icons; owns and operates hundreds of live events annually; and is a leading independent producer and distributor of sports and entertainment media. IMG also specialises in licensing, sports training and league development. IMG is a subsidiary of Endeavor, a global sports and entertainment company.

Media Contact:
Wani Diwarkar
Mobile: +65 98320643
E-mail:wani@pinpointpr.sg

Dynasty Launches New NIANHUA Series in 2023 to Meet Needs of Different Consumer Groups

HONG KONG, Jun 12, 2023 – (ACN Newswire) – Dynasty Fine Wines Group Limited ("Dynasty" or "the Group") (Stock Code: 00828), a premier winemaker in China, has kept launching new products in 2023 including the NIANHUA series and, via an improved business model, is safeguarding channel profit while also meeting consumers' demand for fine wines. The Group has also, heeding market and consumer demands, upgraded Golden Dynasty products and adopted new strategies to improve its existing product system.

The new NIANHUA series: NIANHUA 100, 200, 300 and 500

Golden Dynasty with its production techniques and packaging design upgraded

The new NIANHUA series agrees with Dynasty's direction of developing grape wines in the future. The 100, 200, 300 and 500 in the names are indicative of the price range. Grape wine products priced between RMB100 and RMB500 are the most popular among middle-class wine lovers and wine consumers looking to upgrade. The series can thus better satisfy the needs of customer groups with different spending habits. Regarding the raw materials of the new wines, they are of fine varieties and from different areas in such as the Helan Mountain and Tian Shan, giving them one-of-a-kind styles pleasing to different consumer groups. It has become very clear in recent years that the Group's wines made in China with its advanced winemaking technologies boast that "Chinese terroir as well as world quality". Those superb quality products have helped boost wine consumption.

In addition, Dynasty has made improvement to its 5+4+N product system, aiming to create exclusive blockbuster products. The Group unveiled the new and upgraded Golden Dynasty series and new strategic plans at this year's Spring Food & Drinks Fair held in Chengdu. With leading and well-proven technologies it prides, the Group carried out comprehensive upgrade of its production techniques, packaging design, etc. For example, it uses Cabernet Sauvignon and Chardonnay grapes grown on the eastern foothills of the Helan Mountain in Ningxia that give the wines richer aromas and a mature body, not only suitable for the domestic market, but also befitting to meet contemporary market and consumer demands, thus poised to seize first opportunities in the market.

Regarding packaging design, Chinese cultural elements have been fully incorporated. As for the font used, while Dynasty adopted the Chinese characters echoing with China chic were adopted last year, the creative font for Golden Dynasty this year was inspired by the mortise and tenon structure typical of Chinese wooden architecture and took partly the cornice style with the stokes of the three characters joining and the name appealing as one. In the main color "turquoise" the name appears, the color unique to the painting "Thousand miles of mountains and rivers" marveled by many the country in recent years. With China chic on the rise, the new upgraded design is set to resonate with Chinese consumers confident of their culture, help strengthen awareness of the Dynasty brand and attract mainstream consumers fancying China-made products and China chic.

In recent years, Dynasty has been actively innovating and launched a new product series that can better please different wine-loving palates as well as consumers with different spending power. By integrating China chic designs into product packaging, it can strengthen brand recognition and, with the market and consumer demands at heart, it shall mount more effective marketing. The Group will continue to provide products of quality that consumers can trust, that are healthy and complemented with high-end services, to help it achieve high-quality development in leaps and bounds.

About Dynasty Fine Wines Group Limited
Dynasty Fine Wines Group Limited was listed on the Main Board of The Stock Exchange of Hong Kong Limited with the stock code 00828 on 26 January 2005. Founded in 1980, Dynasty is the premier grape winemaker in China. It is principally engaged in the production and sale of grape wine products under its reputable "Dynasty" brand. Dynasty is the first Sino-foreign joint-venture wine company in China with Tianjin Food Group Limited and the French grape wine giant, Remy Cointreau, as its major shareholders. The Group produces and sells more than 100 grape wine product series, and introduces imported wine products, providing high-quality and value-for-money grape wines to the full range of consumer groups in China.

For media enquiries:
Strategic Financial Relations (China) Limited
Ms. Anita Cheung Tel: 2864 4827
Ms. Katrina Ho Tel: 2864 4830
Email: sprg-dynasty@sprg.com.hk

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

Internationally Acclaimed Benns Chocolate Launches Single-Origin Chocolate Evoking Malaysian Flavours

KUALA LUMPUR, Jun 8, 2023 – (ACN Newswire) – Benns Chocolate Factory Sdn Bhd, a premium Malaysian artisanal chocolatier, is pleased to launch a new line of single-source chocolates evoking and celebrating Malaysian cacao and flavours that also promotes sustainability and ethical farming.

Datuk Matbali Musah, Chairman of Malaysian Cocoa Board;
YB. Datuk Hajah Siti Aminah binti Aching, Deputy Minister of Plantation and Commodities Malaysia;
YBrs. Mr Wilfred Ng, Managing Director of Benns Chocolate Factory Sdn. Bhd. [L-R]

Mike Penafort, Director of Benns; YBrs. Dr. Ramle Hj Kasin, Director General of Malaysian Cocoa Board;
Datuk Matbali Musah, Chairman of Malaysian Cocoa Board; YB. Datuk Hajah Siti Aminah binti Aching,
Deputy Minister of Plantation and Commodities Malaysia; YBrs. Mr Wilfred Ng, Managing Director of
Benns Chocolate Factory Sdn. Bhd.; Mr Ng Tuck Ming, Chairman of Benns; Mr. Cheah Chee Fong,
Setiausaha Bahagian Industry Coco & Lada (KPK) Kementerian Peladangan Komoditi [L-R]

Unveiled at Benns Chocolate Factory, Asia's first open-concept chocolate factory and cafe, Benns is the artisanal chocolatier's second generation of chocolate products that is vegan, sourced from single-estate Malaysian farms and wholly crafted in-house with a focus on healthy eating, superior taste and texture.

A premium chocolate with a competitive pricing accessible to all chocolate lovers, Benns celebrates the originality of Malaysian cacao as all beans are sourced domestically and brings forth the characteristic flavours of the Malaysian terroir.

Present at the launch was YB Datuk Hajah Siti Aminah binti Aching, the Deputy Minister of Plantation and Commodities Malaysia and YBrs. Datuk Ramle Kasin, the Director General of the Malaysian Cocoa Board. The MCB is collaborating with Benns Chocolate to support local cacao farmers while encouraging and assisting them in elevating the quality of domestic cacao beans.

Wilfred Ng, Managing Director of Benns Chocolate said, "The launch of today's Benns Malaysia Single-Origin Chocolate is an earnest celebration, a heartfelt homage to the exceptional originality of our local cacao, and an exquisite exploration of its distinctive flavours."

He added, "Benns Chocolate stands shoulder to shoulder with the Malaysian Cocoa Board in a harmonious symphony of collaboration, fortifying the foundations of our noble cacao industry. Together, we are architects of an unbroken chain, one that supports cacao farmers and crafts a sustainable future for the industry."

Benns practises direct engagement with cacao farmers to ensure that they receive fair remuneration for their tireless efforts. The Company also seek to elevate the lives of those who dedicate themselves to cultivating impeccable cacao beans, sharing their tales of perseverance, and inspiring a revolution in the way consumer savour and cherish chocolate.

About bean-to-bar chocolate

Bean-to-Bar chocolate, or more popularly known as craft chocolate, is currently one of the leading food trends worldwide which is witnessing a renewed popularity of organic and healthier alternatives food including chocolate. Similar to speciality coffee, these artisanal chocolates can be crafted from unique tasting and high-quality cocoa beans grown in tropical weather in Latin American, Africa and Asia. Widely regarded as the highest standard in chocolate industry, single origin bean-to-bar chocolate involves chocolate making process using cacao beans sourced from a designated estate. It also requires several crucial steps and careful treatment in its production process, beginning from cacao cultivation and farm management techniques right up to production to get the best flavour from the finished product.

At Benns, each chocolate product is made using cacao beans from single farm estates. The fruity, nutty and floral flavour notes of the chocolate are unique to their origin and each share their own story. This is known as Terroir or "Flavour of the land", a concept ubiquitous in the wine world.

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Nissin Foods’ MSCI ESG rating upgraded to A

HONG KONG, Jun 5, 2023 – (ACN Newswire) – Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has received an 'A' rating in the latest MSCI Environmental, Social and Governance (ESG) Ratings, an upgrade from 'BBB', recognizing its remarkable ESG performance.

The MSCI index is highly popular among global portfolio managers, and its ESG rating has emerged as a critical factor in the investment decisions of major institutions worldwide. The ESG rating assesses a company's risk exposure and risk management strategies related to environmental, social, and governance issues, primarily using publicly available information and company disclosures. It offers a comprehensive evaluation of a company's ESG performance and its impact on key operations.

According to MSCI, Nissin Foods excelled in the following areas: Packaging Material & Waste, Raw Material Sourcing and Governance, indicating the Group affords higher recovery than most of its peers in packaging material & waste, limited revenue from business lines reliant on raw materials with high environmental impact, strong sustainable sourcing initiatives relative to peers and strong initiatives to reduce carbon intensity of products across its value chain. Moreover, MSCI highlighted the Group's outstanding Corporate Governance and Corporate Behaviour improvements, acknowledging its detailed business ethics and anti-corruption policies.

Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said "We are pleased to see our continued effort in ESG development has been recognized by the industry. At Nissin Foods, we will continue to build on our strength to ensure the stable supply of food and contribute to building a healthier, greener way of living. Looking forward, we will remain steadfast in our efforts to enhance ESG performance and create sustainable 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 Stock Connect. For more information, please visit www.nissingroup.com.hk.

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