Elite Partners Makes Maiden Entry into the Dutch Logistics Market with Acquisition of a Warehouse in Netherlands

Singapore, Aug 2, 2022 – (ACN Newswire) – Elite Partners Capital has acquired a warehouse in central Netherlands from a private investor. This comes shortly after its acquisition of a distribution facility in Wrexham UK, announced just earlier in the month. This marks the firm's first foray into the Dutch logistics market.

The asset is located at Nunspeet, a city just outside the Randstad area in the middle of Netherlands. Located alongside the A28 motorway, it serves as one of multiple industrial/logistics hubs that connects the Randstad area with the northeastern provinces and the northern part of Germany. The asset sits within the Feithenhof business park which has a total size of approximately 27.7 hectares and comprises a mix of local industrial businesses alongside internationally operating occupiers.

The warehouse provides a gross floor area of 30,817 sqm on 55,108 sqm of land. It is fully let to B&C International B.V., one of Europe's leading suppliers of custom and ready-made window treatments. B&C is one of North America's Springs Window Fashions' residential brand. The asset is used largely for sorting and distribution and also houses B&C's headquarters.

The transaction is part of the second series of EPC's Logistics Fund and is the firm's first acquisition in the Dutch market. "The Netherlands is one of the top logistics markets in Europe, underpinned by efficient ports and well-established logistics infrastructure. We are excited to announce our first acquisition within the Dutch market and look forward to growing our footprint here due to its strong fundamentals and logistics demand," said Mr Victor Song, CEO of Elite Partners Capital.

Elite Logistics Fund II continues to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK.

For this transaction, Opal Partners acted for Elite Partners Capital and Cushman & Wakefield acted for the Seller.

About Elite Partners Capital

Incorporated in 2017, Elite Partners Capital is a Singapore-based licensed fund manager. The Elite Logistics Fund series has a Pan-European strategy focusing on prime logistics assets in the high-growth and defensive sectors.

Media Contact:
enquiries@elitepartnerscapital.com

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

Elite Partners Acquires Distribution Facility in UK

LONDON, Jul 6, 2022 – (ACN Newswire) – Elite Partners Capital ("EPC") has completed another acquisition of a distribution facility in the UK for over GBP 30M.

The asset is located within Wrexham Industrial Estate, a premier industrial location and one of the largest industrial estates in the UK, well placed to serve both Wales and England. The estate extends to over 550 hectares and is home to over 340 businesses creating employment for over 10,000 people. The distribution facility, consisting of two detached industrial warehouse facilities, provides in total 723,114 sqft of built up space on a 45.9 acres land. It is fully let to one of the UK's largest shop-at-home retailers Shop Direct Home Shopping (a subsidiary of The Very Group – a multi-brand online retailer and financial services provider in the UK and Ireland).

This represents the first UK acquisition for the second series of EPC's Logistic Funds. Riding on its strong track record and the deep network the manager has built over the years, Elite Logistics Fund II continues to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK.

The acquisition in Wrexham, according to Mr. Victor Song, CEO of Elite Partners Capital, is part of the firm's bigger plan to amass an institutional-scale portfolio of prime logistics assets across Europe and the UK. He added, "We believe that this asset is particularly well-placed to benefit from the highly dynamic logistics market in the UK where the demand for logistics warehouses remains strong and resilient".

The UK Industrial & Logistics sector has seen an outperformance due to the e-Commerce boom over the years, which was further accelerated by the Covid-19 pandemic.

For this transaction, Colliers acted for Elite Partners Capital and B8 Real Estate acted for the vendor.

About Elite Partners Capital

Incorporated in 2017, Elite Partners Capital is a Singapore-based licensed fund manager. The Elite Logistics Fund series has a Pan-European strategy focusing on prime logistics assets in the high-growth and defensive sectors.

Media Contact:
enquiries@elitepartnerscapital.com

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

AIIB Commits US$100 million in CEL Infrastructure Investment Fund II

HONG KONG, Jul 5, 2022 – (ACN Newswire) – CEL Infrastructure Investment Fund II ("Fund II"), a private equity fund sponsored and managed by China Everbright Limited ("CEL", stock code: 165.HK) has made significant progress in fundraising. On June 29, 2022, Asian Infrastructure Investment Bank ("AIIB") approved to commit of US$100 million including up to US$25 million co-investment sleeve in Fund II. AIIB is a multilateral development bank with 105 members from all over the world. Its vision is to finance "Infrastructure for Tomorrow" with sustainability at its core. AIIB is committed to unlocking new capital and investing in green, technology-enabled and cross-border connectivity infrastructure to promote sustainable economic development and regional connectivity in Asia and around the world. This will be the first time funds managed by CEL have raised capital from a multilateral development bank, marking a new stage of internationalization, professionalization and marketization for CEL. Fund II will focus on climate finance and ESG investing, and will introduce ESG investment, management, assessment and evaluation policy with international standards in order to ensure that future investments will have real-world positive impacts on addressing climate change and improving the environment and society.

Overseas Infrastructure Investment Fund team (the "Team") is one of the major teams under CEL pursuing overseas investment. Everbright Overseas Infrastructure Investment Fund L.P. ("Fund I"), established and managed by the Team, deployed more than US$450 million in infrastructure assets in Europe, Southeast Asia and Hong Kong SAR. Fund I, now at its harvest period, has achieved outstanding performance amongst its peers with distribution to paid-in capital over 1.0x. The Team is raising Fund II with a target size of US$600 million, focusing on green and low carbon themes. Fund II will primarily invest in renewable energy, new infrastructure and logistics projects in Southeast Asia and some other Asian countries. Fund II is expected to have its first closing within 2022.

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

Society Pass (SoPa) Launches Society Pass (Beta Version)/Society Points Targeted at the “Digital First” Southeast Asia Region

SINGAPORE, Jun 27, 2022 – (ACN Newswire) – Society Pass Incorporated (SoPa) (Nasdaq: SOPA), Southeast Asia's leading data-driven loyalty and e-commerce ecosystem, today announces the launch of the beta version of its universal, open-loop loyalty application, Society Pass, to earn and redeem loyalty points, Society Points, endeavouring to create permanent customer loyalty and replace cash discounting whilst generating additional revenues for merchants.

Prospective consumers and merchants can now download the beta version of Society Pass either on:

– Apple Store ( https://apps.apple.com/us/app/society-pass/id1629605732 ) or
– Google Play ( https://play.google.com/store/apps/details?id=com.sopa.loyalty ).

Digital loyalty programs are key to customer retention within highly competitive verticals and now call for interconnected experiences more than ever. E-commerce shoppers demand multiple touchpoints to purchase goods and services, earn redeem loyalty points, and refer friends with frictionless ease. Society Pass' multi-brand ecosystem allows consumers to earn and redeem points at numerous types of retailers, whilst facilitating a unified approach to customer rewards and incentives for merchants.

SoPa management expects to finetune and integrate the beta version of its loyalty platform with selected groups of consumers and merchants in Vietnam, Indonesia, Philippines, Thailand, and Singapore in 2H 2022. With the view of hard launching the loyalty platform in 4Q 2022, at such time, users can pay for goods and services in-store, in-app or online. Society Pass' digital wallet allows users to pay for goods and services by scanning QR Codes and making payments via credit card, debit card, or Society Points. SoPa aims to provide an easy and convenient online e-commerce shopping experience, with a single UI/UX that integrates with all the businesses within its ecosystem.

Dennis Nguyen, Founder, Chairman and Chief Executive Officer of SoPa comments on the launch of the beta version of Society Pass, "The Southeast Asian retail sector is at the cusp of a massive transformation powered by the data driven meta economy. We designed a gorgeous user interface backed by sophisticated backend end infrastructure to kickstart a virtuous cycle of revenue generation and loyalty creation, where Society Pass and Society Points generates more revenues for merchants by retaining existing customers, attracting new customers, reducing customer turnover and syncing customer data through real-time, personalised marketing campaigns. SoPa aggregates data across various touch points which builds a realistic view of consumer behaviour".

"As we said in our IPO last November 2021, we introduce Society Pass in 2Q 2022 with the view of creating permanent customer loyalty for merchants by designing unique, personalised experiences consumers and make shopping even more rewarding across our family of brands. Our business strategy encourages cross-vertical shopping, ultimately keeping an increasing share of wallet within SoPa's ecosystem. We are confident that our customers will redirect their spend to where they gain the most value: our loyalty program," he adds.

About Society Pass

As a loyalty and data marketing ecosystem and focused on expanding its operations in the VIP + TS (Vietnam, Indonesia, Philippines, Thailand, and Singapore) markets of SEA, SoPa is an acquisition-focused e-commerce holding company listed on Nasdaq (Nasdaq: SOPA) operating 8 interconnected verticals (loyalty, merchant software, lifestyle, F&B delivery, telecoms, digital media, travel, and F&B ordering) with connecting millions of consumers and thousands of merchants in SEA.

Society Pass business model focuses on analysing user data through with its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points, which seamlessly connects consumers and merchants across multiple product and service categories to foster organic loyalty. Since its inception, SoPa has amassed over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass provides merchants with #HOTTAB Biz and #HOTTAB POS – a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user profile analytics, and convenient financial support packages for small and medium-sized enterprises.

In addition, SoPa operates Leflair.com, Vietnam's leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, Handycart.vn, a leading online restaurant delivery service based in Hanoi, Vietnam, and Gorilla Networks, a Singapore-based, blockchain/web3-enabled mobile virtual network operator. For more information, please check out: http://thesocietypass.com/.

Media Contacts:
PRecious Communications
sopa@preciouscomms.com

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

Jubilee Industries Holdings welcomes strategic investor, value-unlocking and synergies to support further growth

SINGAPORE, Jun 22, 2022 – (ACN Newswire) – Catalist-listed Jubilee Industries Holdings Ltd has entered into a Sales and Purchase Agreement (SPA) with UPC Electronics Pte. Ltd. (Purchaser) for the sale of the Company's 14% stake in WE Components Pte. Ltd. (WEC), the Group's EBU (Disposal).

The Disposal offers significant synergies with the Purchaser's existing operations and strategic priorities, leveraging WEC's extensive product portfolio and strong presence across Asia. The Hong Kong incorporated Purchaser's main business is the promotion and distribution of products and solutions of semiconductor manufacturers in the People's Republic of China and overseas.

The total cash consideration of US$2.1 million received for the Disposal will be utilised for general working capital purposes and the expansion of Jubilee's business.

Jubilee's Executive Chairman and Chief Executive Officer, Dato' Terence Tea, said, "The Disposal reflects the deep value of Jubilee's EBU that we have built over the years. Working together with UPC, we are confident in the EBU's long-term growth prospects as we strive to build sustainable value for shareholders."

Under Dato' Terence Tea's leadership, Jubilee's EBU has staged a full recovery from the initial impact of Covid-19, recording a 67.4% increase in revenue from S$119.9 million for the 12 months ended 31 March 2021 (FY2021) to S$200.7 million for the same period this year (FY2022).

About Jubilee Industries Holdings Ltd

Established in 1993 and listed on SGX-Catalist since 10 July 2009, Jubilee Industries Holdings Limited is a one-stop service provider with two main business segments:

1. Mechanical Business Unit (MBU), which is engaged primarily in precision plastic injection moulding (PPIM) and mould design and fabrication (MDF) services (Mechanical Segment); and
2. Electronics Business Unit (EBU), which distributes integrated electronic components.

Headquartered in Singapore, Jubilee's production facilities span across Malaysia and Indonesia. Jubilee's products are sold to customers in the United States, the People's Republic of China, Singapore, India, Indonesia, Malaysia, Vietnam and various European countries. For more information, please visit http://www.jihldgs.com

Issued on behalf of Jubilee Industries Holdings Limited
by Waterbrooks.com.sg

For media enquiries, please contact:
Wayne Koo / Elliot Siow
+65 9338 8166 / +65 6381 6347
Email: wayne.koo@waterbrooks.com.sg / elliot@waterbrooks.com.sg

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

HKTDC Export Index 2Q22: HK Export Index rebounds across all markets and sectors

HONG KONG, Jun 14, 2022 – (ACN Newswire) – The HKTDC Export Index grew 6.2 points to 30.9 in the second quarter of 2022, the first rise in the past 12 months, indicating that local exporters have begun to regain confidence in the city's export outlook as the impact of the COVID-19 pandemic gradually subsides and supply chain disruption and logistics bottlenecks show signs of easing.

HKTDC Director of Research Irina Fan (R) and Assistant Principal Economist (Greater China) Alice Tsang (L) announced the HKTDC Export Index for the second quarter of 2022 at a press conference today (14 June)

"The lockdown measures in Mainland China may have had an impact on local businesses with regard to production shutdowns and delayed shipments. Nevertheless, with the pandemic beginning to recede, cross-border cargo flows and many manufacturing activities getting back to normal, our latest survey findings show a significant improvement in the overall business sentiment, although exporters remain cautious," said Irina Fan, Director of Research, Hong Kong Trade Development Council (HKTDC), speaking at a press conference today.

Reduced impact

In the latest survey of local exporters, fewer respondents said that their business had been negatively affected by the pandemic over the past few months (79.1%, down 14 percentage points from the last quarter), while only 35.8% cited it as their top concern for the coming months (down 17.7 percentage points).

In addition, fewer exporters experienced pandemic challenges such as difficulties in communicating with buyers/suppliers (21.6%, down 20 percentage points), shortages in raw materials/parts and components (34.6%, down 11.9 percentage points) and order cancellations (16.7%, down 9.7 percentage points). "Nonetheless, increased transportation costs (72.6%) remained as one of the key concerns," Ms Fan said.

Forecast unchanged

Summing up the situation, Ms Fan said a strong recovery in Hong Kong's trade performance is expected in the second half of 2022. "Our export forecast for this year remains unchanged at an 8% increase compared to 2021," she said. However, Ms Fan stressed that the strong growth in total export value is mainly driven by cost-induced price rises, while export volumes are likely to remain stagnant, or even see a decline.

She also reminded local exporters to be aware of the risks from stagflation, geopolitical tensions and a pandemic resurgence, "all of which may hinder the revival of global demand".

Hong Kong exports outlook by key markets
Hong Kong exports outlook by key sectors
* See https://mediaroom.hktdc.com/en/pressrelease/detail/20356/

Toy sector and Japan market top the list

The HKTDC conducts the Export Index survey every quarter, interviewing 500 local exporters from six major industries including machinery, electronics, jewellery, watches and clocks, toys and clothing, to gauge business confidence in near-term export prospects. The Index indicates an optimistic or pessimistic outlook, with 50 as the dividing line.

HKTDC Assistant Principal Economist (Greater China) Alice Tsang said the upturn of exporter confidence was seen across all major markets and in all industry sectors. "Among them, the Japan market (47.6) and the toy sector (38.7) provided the most promising outlook, while the EU (42.3, up 2.8 points) and timepieces (34.6, up 14.9 points) showed the greatest improvement."

"Traders are facing rising cost pressure as export prices are set to surge in the next couple of months. The Trade Value Index remained in expansionary territory at 51.7, despite a 1.1-point fall quarter-on-quarter," she added.

All other sub-indexes, including the Employment Index (45.3, up 4.9 points) Procurement Index (25, up 4.7 points) and Offshore Trade Index (23.1, up 8 points) , also saw an upward trend, indicating that recruitment activities have stabilised alongside improvements in offshore trade and procurement.

Diversifying products and markets

Ms Tsang said issues such as the US interest rate hike, Russia-Ukraine conflict, and a weakening renminbi have yet to affect the business of Hong Kong exporters, with most respondents reporting no negative impacts (70.7%, 69.1% and 56.9% respectively) to date in these three areas.

Some respondents said they had experienced increased operating costs (21.9%), reduced buyer orders (13.8%) and increased financing costs (9.4%) due to the US interest rate hike, while the main impacts resulted from the Russia-Ukraine conflict are increased transportation costs (20.1%), shortages in raw materials/parts and components (13.2%) and disruption to logistics/distribution arrangements (12.8%).

She said diversification is Hong Kong exporters' favoured business strategy to help them spread risks and at the same time capitalise on new market opportunities. Many of them are planning to develop other product lines (41.2%), diversify sales into additional overseas markets (35.6%) and establish a presence in the mainland's domestic market (22.1%).

References
– HKTDC Research website: http://research.hktdc.com/
– HKTDC Export Index 2Q22: First Rally in Exporter Confidence for 12 months https://bit.ly/3zLmv4v
– 2022 Mid-Year Export Review: Expect a Strong Rebound in the Second Half https://bit.ly/3zLmRIn
– Photo download: https://bit.ly/3xKAiXt

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
Please contact the HKTDC's Communication and Public Affairs Department:
Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org

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

Society Pass (SoPa) Acquires Singapore-based Gorilla Networks, a Next-Gen Blockchain/Web3 Mobile Virtual Network Operator to Drive SEA’s Growing Demand for a New Meta-Economy Experience

SINGAPORE, Jun 3, 2022 – (ACN Newswire) – Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's leading data driven loyalty and ecommerce ecosystem, announced today that it acquired Singapore-based Gorilla Networks Pte Ltd ("Gorilla"), a leading next generation Web3-enabled MVNO.

Established in Singapore in 2019, Gorilla utilises Web3 technology to operate a MVNO for its users in Southeast Asia. With network coverage to over 160 countries, Gorilla offers a full suite of mobile communication services such as local calls, international roaming, data, and SMS texting. More importantly, Gorilla enables its customers to convert unused mobile data into digital assets or Gorilla GO Tokens through its innovative proprietary blockchain-based SwitchBack feature. Gorilla GO Tokens in turn can be redeemed for eVouchers, to offset future bills, or be redeemed for other value-added services.

With the rebound of the travel market throughout Southeast Asia in 2Q/3Q 2022, Gorilla expects to dramatically increase its customer base by marketing to the region's business and leisure travellers with its user-friendly technology platform. It plans to expand its MVNO services offering to Vietnam, Thailand, and Malaysia over the next 12 months.

Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer, explained, "We are excited to make our first acquisition in Singapore, and welcome Gorilla into our SoPa family. Gorilla's technology platform aligns well with our acquisition strategy as we incorporate Gorilla's blockchain and Web3 capabilities onto the SoPa ecosystem and enable the new meta-economy for all our portfolio companies. From our Leflair lifestyle e-commerce platform to our Pushkart/Handycart F&B delivery services, as we roll out the Society Pass loyalty platform in the coming months, we leverage Gorilla's technology to drive customer retention for merchants and create innovative revenue models for our ecosystem."

"When we started Gorilla Networks three years ago, our vision was to build a democratised mobile communications service platform where users regardless of nationality, home location or mobile subscription plans can access essential telecoms services such as roaming and mobile data anywhere and everywhere throughout the world. Gorilla is currently transitioning existing web 2 telco services onto the web3 economy by tokenising mobile data as digital assets. In 2021, we digitised eSIMS, data plans, and mobile numbers as NFTs, which dramatically transformed how our users purchase, interact and experience mobile services. By joining forces with SoPa's extensive ecosystem and large user base in Southeast Asia, we are thrilled about the combined marketing capabilities we will now bring collectively to our partners and customers," exclaimed Xanne Leo, Founder and Chief Executive Officer of Gorilla Networks.

Society Pass leverages cutting edge technology to tailor an unprecedented experience for the next generation customers in the purchase journey and to transform the entire retail value chain in Southeast Asia. Through the acquisitions of market-leading companies and partnerships with visionary entrepreneurs in six distinct B2C e-commerce verticals: lifestyle, food & beverage delivery, travel, digital marketing, telecoms and food and beverage ordering, the Company meets SEA's growing demand for a new meta-economy experience.

About Society Pass

As a loyalty and data marketing ecosystem, Society Pass operates multiple e-commerce platforms across its key markets in SEA. Its business model focuses on analysing user data through the expected launch of its Society Pass loyalty platform and circulation of its universal loyalty points, which seamlessly connects consumers and merchants across multiple product and service categories to foster organic loyalty. Since its inception, SoPa has amassed over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass provides merchants with #HOTTAB Biz and #HOTTAB POS – a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user profile analytics, and convenient financial support packages for small and medium-sized enterprises.

In addition, SoPa operates Leflair.com, Vietnam's leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, and Handycart.vn, a leading online restaurant delivery service based in Hanoi, Vietnam. For more information, please check out: http://thesocietypass.com/.

Media Contacts:
PRecious Communications
sopa@preciouscomms.com

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

Hong Kong Investment Promotion Chief visits Middle East and Europe to promote Hong Kong’s long-term business opportunities

HONG KONG, May 29, 2022 – (ACN Newswire) – The Director-General of Investment Promotion of the Hong Kong Special Administrative Region, Mr Stephen Phillips, today (May 29) started his duty visit to Doha, Abu Dhabi, Dubai and Kuwait in the Middle East, and Amsterdam, Lisbon and Madrid in Europe as part of the latest efforts of Invest Hong Kong (InvestHK) to promote Hong Kong's business attractions.

Mr Stephen Phillips

During the visit, Mr Phillips will meet with business leaders from various sectors including innovation and technology, financial services and family offices, fintech, business and professional services, tourism and hospitality, and transport, infrastructure and advanced manufacturing. He will also speak at three events in Abu Dhabi, Lisbon and Madrid, giving updates on Hong Kong's latest business environment and opportunities, highlighting the city's strategic role in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

Mr Phillips said, "Hong Kong is an ideal location for overseas and Mainland companies, as well as entrepreneurs from around the world, as a base to set up or expand their business in Hong Kong, the GBA, China, and Asia more widely. The facts speak for themselves: in two surveys conducted last year, we saw a record number of businesses from overseas and the Mainland come to Hong Kong, as well as the largest number of start-ups in Hong Kong."

He added, "Hong Kong offers to companies a wide range of routes to growth opportunities. I look forward to sharing with representatives of companies and entrepreneurs the up-to-date and real situation in Hong Kong, and particularly how they can use Hong Kong to seize opportunities, including those arising from the GBA."

About InvestHK

InvestHK is the department of the Hong Kong Special Administrative Region Government responsible for attracting foreign direct investment and supporting overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies. For more information, please visit www.investhk.gov.hk.

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

BDO announces winners of the BDO ESG Awards 2022

HONG KONG, May 19, 2022 – (ACN Newswire) – BDO, the world's fifth largest accountancy network, today announced and honoured the winners of the fourth BDO ESG Awards (the "Awards"). This competition is widely supported by listed enterprises and this year's winners were selected from a pool of 90 nominations, all of which showcased excellence in ESG reporting and disclosure. The awardees were chosen by a prestigious and professional panel of judges in recognition of the outstanding sustainability initiatives they have implemented. Due to the COVID-19 pandemic, this year's BDO ESG Awards Presentation Ceremony was held online, with stakeholders and the general public invited to witness the efforts and achievements of the winning companies in relation to ESG reporting over the past year.

The virtual BDO ESG Awards ceremony 2022 is held to pay tribute to businesses with strong ESG commitment and outstanding ESG efforts.

Clement Chan, Managing Director of Assurance, BDO in Hong Kong (left) and Johnson Kong, Managing Director of Non-Assurance, BDO in Hong Kong (right).

Ricky Cheng, Director and Head of Risk Advisory, BDO in Hong Kong.

In response to rapid global warming, companies should fulfil their corporate responsibilities and implement measures to reduce carbon emissions and greenhouse gases generated from business activities, thus realising a long-term net zero emission business model. This year, the Theme Award adopts the theme of "Carbon Neutrality", and in 2021 BDO International launched the BDO Sustainability Movement, promising to achieve net zero greenhouse gas emissions by 2050. All BDO offices are working together to fulfil this commitment and to avoid adverse impacts on the planet. BDO also aims to recognise companies that have achieved net zero emissions and have performed well in all aspects of carbon reduction (see the full list below).

Dr Carlye Tsui BBS MBE JP, Chairman of the Judging Panel of the "Best in Reporting Awards" and Chief Executive Officer of The Hong Kong Institute of Directors, said, "ESG adoption is driven by board leadership, corporate culture and staff action together. ESG reporting serves to convey the company's values and contribution to the stakeholders. I am pleased with the entries of high standards and the awarded report of excellence. The awards project is once again laudable in promoting sustainability."

Dr William Yu, Chairman of the Judging Panel of the "Best in ESG Awards" and Founder and Chief Executive Officer of World Green Organisation, said, "As we know ESG is currently the spotlight of the market, it's good to see how award participants are addressing business precedents in their reports and preparing for TCFD frame work so as to address the primaries. Being a board member, I will encourage active participation as it is equally important. Overall, I'm delighted to see BDO continues the determination to bring a positive impact to the society.

Ms Karen Ho, Chairman of the Judging Panel of the "Theme Award" and Head of Corporate and Community Sustainability, WWF-Hong Kong, said, "Thanks to BDO for organising this ESG "Theme Award" with focus on carbon neutrality. We are at a defining moment in the fight to tackle climate change, to limit warming to 1.5 degree Celsius and avoid the most catastrophic impacts for people and nature. The corporate sector has a central role to play by rapidly reducing your emissions in line with climate science. Companies must work with your supply chain, customers, investors, regulators and civil society to take decisive actions for sustainability."

Mr Clement Chan, MH JP, Managing Director of Assurance, BDO in Hong Kong, said, "The BDO ESG Awards has entered its fourth year. We aim to continue encouraging listed companies to raise their awareness of social responsibility and sustainable development initiatives. 2022 is a challenging year, with each company needing to find ways to reinvent itself to maintain operations as the epidemic rages on. We are pleased to see many old friends, as well as some new faces, participating in this year's Awards, demonstrating their continuous efforts and outstanding achievements in ESG. As this year's Awards has adopted the theme of "Carbon Neutrality", we are also happy to see many companies showcasing their efforts to achieve net zero emissions through carbon reduction, in addition to incorporating this goal into their long-term business model. BDO as part of the Net Zero Financial Service Providers Alliance, has committed to supporting the goal of global net zero greenhouse gas emissions by 2050.

Mr Johnson Kong, Managing Director of Non-Assurance, BDO in Hong Kong, said, "We received nearly 90 nominations for this year's Awards. On behalf of BDO, I would like to express our sincere gratitude to the judges, media partners and supporting organisations for making this year's Awards possible. I would also like to thank all participating companies. We are excited to witness their achievements and continuous growth in the area of ESG. Affected by the pandemic, we have shifted the award presentation ceremony to an online mode for two consecutive years. We look forward to meeting you next year to share the joy and witness the achievements of the winning companies together." Going forward, we at BDO will continue to offer support to Hong Kong listed companies, help them raise ESG standards and performance and in turn promote the overall development of ESG in Hong Kong."

Mr Ricky Cheng, Director and Head of Risk Advisory, BDO in Hong Kong, said, "As a keen advocate for continuous enhancements in ESG, we are delighted to see more and more listed companies committing to raising the quality of ESG practices and disclosure. With the increasing standard of ESG reporting and the outstanding performance of the participating companies, competition was intense for this year's 'ESG Report of the Year Awards', making it extremely difficult for the judges to select the winners. We would like to thank the judges who have applied their expertise and experience in the judging process to ensure the Awards are credible and representative. To capitalise on this trend, BDO will spare no efforts to increase ESG engagement, thereby further strengthening Hong Kong's leading position as an International Financial Centre."

BDO ESG Awards 2022 Winners (listed in alphabetical order)

Best in ESG – Large Cap
CLP Holdings Limited (002.HK)
New World Development Company Limited (017.HK)
The Hong Kong and China Gas Company Limited (003.HK)

Best in ESG – Mid Cap
COSCO SHIPPING Ports Limited (1199.HK)
Kerry Properties Limited (683.HK)
Xinyi Energy Holdings Limited (3868.HK)

Best in ESG – Small Cap
China Everbright Greentech Limited (1257.HK)
Miramar Hotel and Investment Company Limited (071.HK)
Sunlight Real Estate Investment Trust (435.HK)

Best in ESG – GEM
Allied Sustainability and Environmental Consultants Group Limited (8320.HK)
Roma Group Limited (8072.HK)

Best in Reporting – Large Cap
CLP Holdings Limited (002.HK)
Lenovo Group Limited (992.HK)
New World Development Company Limited (017.HK)

Best in Reporting – Mid Cap
China Everbright Environment Group Limited (257.HK)
China Power International Development Limited (2380.HK)
Kerry Properties Limited (683.HK)

Best in Reporting – Small Cap
China Everbright Greentech Limited (1257.HK)
Miramar Hotel and Investment Company Limited (071.HK)
Tai Hing Group Holdings Limited (6811.HK)

Best in Reporting – GEM
Allied Sustainability and Environmental Consultants Group Limited (8320.HK)
Roma Group Limited (8072.HK)

ESG Report of the Year – Large Cap
CLP Holdings Limited (002.HK)

ESG Report of the Year – Mid Cap
Kerry Properties Limited (683.HK)

ESG Report of the Year – Small Cap
China Everbright Greentech Limited (1257.HK)

ESG Report of the Year – GEM
Allied Sustainability and Environmental Consultants Group Limited (8320.HK)

Theme Award
CLP Holdings Limited (002.HK)

About BDO
BDO's global organisation extends across 164 countries and territories, with more than 95,000 professionals working out of over 1,700 offices – and they're towards one goal: to provide our clients with exceptional service. BDO was established in Hong Kong in 1981 and is committed to facilitating the growth of businesses by advising the people behind them. BDO in Hong Kong provides an extensive range of professional services including assurance services, business services and outsourcing, risk advisory services, specialist advisory services and tax services. For more details, visit www.bdo.com.hk.

Contacts:
BDO in Hong Kong
Sala Lo
Senior Marketing Manager, BDO
Hong Kong
Tel +852 2218 3042
Mobile +852 9613 5175
salalo@bdo.com.hk

Heidi Lau
Marketing Manager, BDO
Hong Kong
Tel +852 2218 2325
Mobile +852 9285 4151
heidilau@bdo.com.hk

Strategic Financial Relations Limited
Heidi So
Tel +852 2864 4826
heidi.so@sprg.com.hk

Margret Lam
Tel +852 2114 4956
margaret.lam@sprg.com.hk

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

Mitrade wins two esteemed awards at Forex Broker Award 2022

MELBOURNE, May 12, 2022 – (ACN Newswire) – Australian Forex and OTC derivatives trading broker Mitrade has received two esteemed awards by FxDailyInfo at the Forex Broker Award 2022.

Mitrade wins two esteemed awards at Forex Broker Award 2022

Mitrade has been crowned the Most Innovative Broker 2022 and the Best Trading Platform 2022. The awards are given by FxDailyInfo, which rewards Forex brokers for consistent innovation and intuitive trading platforms. To declare winners, FxDailyInfo also takes into account several key factors including ground-breaking technology, cross-platform compatibility, responsive customer service, risk management, and fast growth.

"We are profoundly humbled to receive these distinguished awards. We take this double win as a recognition of our hard work and commitment to make trading easy for all. This milestone is an inspirational motivation for our team, that we are on the right track. This achievement has encouraged our team to bring even more innovation to our trading system and make Mitrade a leading Forex trading platform. Our team strives to make our trading platform more intuitive in the future," said a representative of Mitrade.

Mitrade went through a massive structural overhaul of its team and resources in 2019. It introduced a proprietary web trading platform, which immediately started gaining worldwide attention and engagement due to its simple user interface and smooth function. Later on, the innovative WebTrader was complemented by mobile apps for Google Play and iOS. The mobile apps brought cross-platform compatibility to Mitrade, making trading on the go possible for everyone.

Earlier this year, Mitrade also bagged four 2022 awards from International Business Magazine — Most Trusted Broker Asia, Best Forex Educational Resources Global, Most Transparent Forex Broker Global and Best Trading Platform Australia.

Continuing its innovation streak, Mitrade has recently upgraded its mobile app with cutting edge features. The app now comes with a built-in economic event calendar that lets traders forecast market trends and craft a winning trading strategy ahead of potential market movements. The mobile app also has a tiered trading educational portal, which guides both beginners and experts.

This innovative spirit has won Mitrade many prestigious awards and added to its immense popularity among the global trading community. Mitrade's evolving technology, dynamic research tools, and instant-response 24/7 customer service fueled its growth to over 1,100,000 customers in a short span of three years. The Mitrade app on Google Play has surpassed 1 million downloads.

In addition, Mitrade has also won the Most Innovative Forex Fintech Broker 2021 by Global Brands Magazine and Best Mobile Trading Platform 2020 by Forex Awards. More information can be found at www.mitrade.com/about-us/awards.

For media inquiries, please contact Ms Belle Toh at belle.toh@mitrade.com.

About Mitrade
Mitrade is an innovative financial technology group and Forex trading leader. It operates under strict regulations by the Mauritius Financial Services Commission (FSC), Australian Securities and Investments Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA). Mitrade was founded by technology experts and finance veterans who had a mission to simplify trading through consistent innovation. With its self-developed proprietary trading platform, Mitrade is pursuing its mission to provide simplified trading to all. Explore Mitrade at www.mitrade.com.

Mitrade's OTC derivatives trading contains leverage which can cause the loss of your entire capital.

Source: Mitrade Holding Ltd

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