HONG KONG, Mar 8, 2023 – (ACN Newswire) – OrbusNeich Medical Group Holdings Limited ("OrbusNeich" or the "Group"; stock code: 6929), a major global medical device manufacturer specializing in interventional devices for percutaneous coronary intervention (PCI) and percutaneous transluminal angioplasty (PTA) procedures, today announced its first annual results after its listing on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEX") on 23 December 2022, reporting growth in both revenue and net profit amidst a weak global economy.

Results Highlights:
— Revenue hit a record high of US$136.8 million, up 17.5% year-on-year
— Gross profit increased 13.9% year-on-year to US$92.5 million, with a gross margin of 67.6%
— Adjusted net profit rose 24.9% year-on-year to US$26.7 million with adjusted net profit margin of 19.5%
— Sales in Japan, the PRC and the U.S. achieved year-on-year growth of 8.8%, 38.1% and 122.6%, respectively
— The Group holds more than 180 granted patents worldwide, with more than 40 approved products and a robust pipeline of around 40 products in development
— Sapphire 3 Coronary Dilatation Catheter obtained official registration approval from China's National Medical Products Administration (NMPA), and the Sapphire Neuro balloon was approved in February 2023 by NMPA
— The aggregate annual production capacity increased to approximately 1.4 million balloon products and 56,000 stent products

For the year ended 31 December 2022 ("FY2022"), the Group continued to achieve sales volume growth, driving revenue to a record high of US$136.8 million, up 17.5% year-on-year, leveraging its established reputation as a leading medical device manufacturer with a sales network spanning more than 70 countries and regions across the globe. As a result, gross profit and adjusted net profit(1) both recorded an increase, by 13.9% to US$92.5 million and by 24.9% to US$26.7 million, respectively, while the gross margin remained at a healthy level of 67.6%. Basic earnings per share were US3.17 cents.

The Group has further strengthened its financial position by raising approximately HK$480.8 million through its listing on HKEX. With cash and bank balances totaling US$229.1 million as of 31 December 2022, the Group has abundant internal resources to fuel its R&D and commercialization progress of its pipeline products as well as to expand its production capacity.

Mr. David Chien, Chairman, Executive Director and Chief Executive Officer of OrbusNeich said, "The year 2022 marked an important milestone in OrbusNeich's history. As the first and only medical device company headquartered in the Hong Kong Science Park listed on the HKEX Main Board, we have now established a clear competitive advantage to capture business opportunities and recruit top-tier talent. In 2022, despite that various challenges in the business environment tested our production, logistics, sales and finance capabilities, we weathered the storm and delivered satisfactory results with our three core capabilities of R&D, operations and commercialization. Ultimately, we achieved growth in both established and high-growth markets, as well as record-high revenue and a significant improvement in net profit."

Leveraging established global sales networks to boost revenue
For established markets, the Group continued to broaden its product portfolio to facilitate further market penetration. Back in September 2021, the Group launched Scoreflex Trio in Japan, which has continued to gain market share since its debut.

For the high growth markets, the Group launched Scoreflex NC, the world's smallest profile scoring balloon product, in the PRC market and US market in 2022. In the PRC in particular, the Group continued to expand its presence through the direct sales force established in 2021. Revenue from the PRC market increased significantly by 38.1% to US$23.6 million. As of 31 December 2022, its distribution network in the PRC market covered over 2,000 hospitals in 30 provinces and municipalities.

Since entering the U.S. market in 2017, the Group has been committed to launching innovative products into the market. Adding to the Jade, Sapphire and Teleport products introduced in previous years, the launch of Scoreflex NC in 2022 was well received by the market, enriching the Group's product portfolio in the U.S. market. This not only led to a 122.6% year-on-year increase in revenues from the U.S. market to $16.6 million for FY2022, but also helped to enhance OrbusNeich's brand recognition in this sophisticated market, consolidating its foundation for future growth there.

Continuous investment in R&D to accelerate the diversification of the product portfolio
For more than two decades, the Group has been empowered by its strong in-house R&D capabilities and accumulated experience in product development. Continuous investment in relevant activities has resulted in a wealth of know-how in product design, material treatment and handling, and manufacturing processes. In FY2022, the Sapphire 3 Coronary Dilatation Catheter obtained official registration approval from the NMPA. In addition, the Sapphire Neuro balloon, the first commercialized product in the Group's neuro-interventional device pipeline, obtained NMPA approval in February 2023. As at 31 December 2022, the Group had more than 180 granted patents in major jurisdictions worldwide, and a total of more than 40 products approved or cleared by the Pharmaceuticals and Medical Devices Agency (PMDA) in Japan, the Food and Drug Administration (FDA) in the U.S., the NMPA or the CE Mark. Leveraging the Group's world-leading technology and proprietary know-how, it also had a robust pipeline of around 40 products in development.

"In addition to our existing PCI and PTA devices, we are adding to our portfolio a range of structural heart interventional products, which are being developed by our joint venture OrbusNeich P+F Company Limited ("ON P&F"), as well as a series of neurovascular interventional products. During 2022, ON PJ&F established an R&D and manufacturing site in Shenzhen, the PRC. The new facility serves as a base for ON P+F to advance its R&D efforts for products in its pipeline, including the Vienna Mitral Valve and the Vienna Pulmonary Valve, as well as to introduce world-class technologies such as TricValve – the CE-approved bicaval transcatheter tricuspid valve implantation system, to the PRC and Asia Pacific region," added Mr Chien.

Expanding production base to satisfy growing demand
In order to provide large-scale and consistently high-quality products to customers around the world, the Group continued to expand its production capacity by optimizing production processes at its production bases in Shenzhen, the PRC and Hoevelaken, the Netherlands. In FY2022, the Group entered into a lease agreement for a manufacturing site in Shenzhen, the PRC with a gross floor area of approximately 1,900 m2. With the relocation of certain production processes to the new manufacturing site, the total annual production capacity has been increased to approximately 1.4 million balloon products and 56,000 stent products.

Seizing opportunities by enhancing core competitiveness
Despite looming geopolitical and economic uncertainties, the demand for medical devices in the global market is steadily growing, given the expanding aging world population, rising living standards and economic growth in developing countries. According to a CIC report, the global market size for PCI devices and PTA devices is expected to grow at a CAGR of 12.1% and 11.1%, respectively, while the global market size for PCI balloons, catheters and accessories is expected to grow at a CAGR of 17.2% from 2021 to 2030.

Mr. Chien concluded, "Looking ahead, we are confident that we can fully capture emerging opportunities from the growing market, despite the complex and volatile macro environment. We will adhere to our development strategy of broadening our product lines, enhancing our R&D capabilities, expanding our distribution network, and striving to realize our vision of becoming a world-leading medical device developer and manufacturer that provides innovative and comprehensive endovascular and structural heart interventional solutions that effectively improve patients' quality of life, while also aiming to generate substantial returns for shareholders."

About OrbusNeich Medical Group Holdings Limited
OrbusNeich is a major global medical device manufacturer specializing in interventional devices for percutaneous coronary intervention (PCI) and percutaneous transluminal angioplasty (PTA) procedures. Headquartered in Hong Kong, China, OrbusNeich sells its products in more than 70 countries and regions worldwide. It is also the only PCI balloon manufacturer headquartered in China that ranked among the top six players in all major overseas PCI balloon markets including Japan (No. 2), Europe (No. 4), and the U.S. (No. 6) in terms of PCI balloon sales volume in 2021, according to a CIC report. In addition, it ranked No. 3 in Japan and No. 4 in the U.S. in terms of PTA balloon sales volume in 2021. It also specializes in coronary stent products and is actively expanding into neuro vascular intervention and structural heart disease. As of December 2022, OrbusNeich has more than 180 granted patents worldwide. Its in-house R&D team has more than two decades of product development experience and has developed world-leading proprietary technologies.

For more information, please visit the Group's official website: https://orbusneich.com/

(1). Excluding non-cash and one-off items including unwinding of interests on convertible redeemable preferred shares, share-based compensation expenses, fair value losses of convertible redeemable preferred shares, loss on derecognition of financial liability in relation to convertible redeemable preferred shares and listing expenses.


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Philadelphia, PA, Mar 7, 2023 – (ACN Newswire) – As U.S. healthcare employers confront major staffing challenges, the Alliance for Ethical International Recruitment Practices, a division of CGFNS International, Inc. (CGFNS), has updated and strengthened its ethical recruitment code, which establishes best practice standards for fair and transparent recruitment of foreign-educated health professionals into the U.S.

The fourth edition of the Health Care Code for Ethical International Recruitment and Employment Practices, known as the "Alliance Code," strengthens recommendations around contract transparency and orientation programs. The Alliance Code was developed by a multistakeholder group representing interests across the sector, including employers, unions, recruiters, and representative nurse organizations.

It comes at a time when a growing global health worker shortage has left health systems struggling to fill vacancies and considering a variety of options, including sometimes turning to recruiting trained professionals from abroad. In the past five years, CGFNS has seen a doubling of its applications from foreign-trained health workers who are seeking eligibility to work in the U.S.

This trend has raised further concerns about ensuring that international recruitment practices are ethical, that they protect the rights of migrating health workers while establishing their obligations, and that recruiting agencies and employers are held accountable in the process. First published in 2008, the Alliance Code is reviewed and updated every five years to adapt to changes in the recruitment landscape and ensure its provisions continue to address basic rights and responsibilities of both migrating health professionals and those who recruit them to work in the U.S. The Code provides guidelines for recruitment agencies and employers, addressing migrant rights including the right to receive a fair contract, to provide informed consent and to access justice.

The Code has been voluntarily adopted by 12 firms that collectively recruit thousands of employees each year and that have undergone the Alliance's rigorous certification process, including a contract review and health professional survey. A list of recruitment firms that have been certified as in compliance with the Alliance Code can be found here. https://www.cgfnsalliance.org/certification_process/view-certified-recruiters/

The 2023 Alliance Code is being released after a year of internal and external review by the Alliance's Board of Governors.

"With the recent pandemic having further driven the growth in global demand for nurses and other health workers, there is increasing concern about ensuring that international recruitment processes are ethical and sustainable," said Alliance Director, Mukul Bakhshi, JD. "This updated 2023 Code reflects recent changes in the recruiting landscape, and we hope it will help push the industry forward in ensuring that recruitment practices are fair and respect basic rights."

"Our organization has been engaged in the work of the Alliance since its inception and fully endorses the Alliance Code," said AONL Chief Executive Officer, Robyn Begley, DNP, RN, NEA-BC, FAAN, Chief Executive Officer of the American Organization for Nursing Leadership (AONL). "A fair and equitable process of recruiting foreign-educated nurses is foundational to achieving a professional practice environment for all nurses. We remain committed to the advancement of high standards of treatment for all staff."

"As the global leader in international credentials evaluation to support health worker mobility, at CGFNS we know that health worker migration into the U.S. brings individuals with critical skills to provide life-saving care. With the shortage persisting and employers stepping up their recruitment of foreign-trained nurses and other health workers, we must all work together to provide better protections to prevent exploitation," said CGFNS President and Chief Executive Officer, Peter Preziosi, PhD, RN, CAE. "We are proud of our work through the Alliance to continue to do our part to support nurses coming into the U.S."

About CGFNS International, Inc.

Founded in 1977 and based in Philadelphia, CGFNS International is an immigration-neutral not-for-profit organization, proudly serving as the world's largest credentials evaluation organization for the nursing and allied health professions. For more information, visit www.cgfns.org.

About The Alliance for Ethical International Recruitment Practices

Since 2008, the Alliance has fostered compliance to standards that advocate responsible, ethical, and transparent recruitment practices in the health care sector. The Alliance monitors certified recruitment organizations and verifies their processes to ensure that these standards are upheld and provides foreign-educated professionals resources to make informed decisions. The Alliance became a division of CGFNS International, Inc., in September 2014. For more information, visit www.cgfnsalliance.org.

Contact Information:
Mukul Bakhshi, Esq.
Chief of Strategy and Government Affairs
mbakhshi@cgfns.org
(215) 243-5825

SOURCE: CGFNS International

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

HONG KONG, Mar 6, 2023 – (ACN Newswire) – EC Healthcare (the "Company", which together with its subsidiaries is referred to as the "Group", SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong*, is pleased to announce that the Group opened its first organic flagship veterinary hospital, Animal Medical Academy Hospital (AMAH).

Animal Medical Academy Hospital (AMAH) is located in Harbour Crystal Center in Tsim Sha Tsui East, with two floors and a total gross floor area of more than 26,000 sq ft. The hospital is equipped with an internal elevator to connect the ground floor and basement, with separate waiting areas for dogs and cats. The hospital provides veterinary general practitioner services and precious specialty services covering anesthesia & analgesia, neurology and cardiology services. The hospital also provides advanced imaging services equipped with MRI, CT and Cardiac Ultrasound, bundling with an oxygen generating system. The hospital has 10 consultation rooms, 8 pre-surgical induction & recovery monitoring rooms, 14 chemotherapy wards, 18 Intensive Care Units (ICU), 59 wards and internal. The service scope and professional standard all achieved industry-leading level.

Mr. Levin Lee, Executive Director and CFO of EC Healthcare said, "Since entering the veterinary business in 2021, EC Healthcare has been actively consolidating the market, and establish a leading brand. Through corporatization, the Group was able to empower the traditional veterinary business, improving its operational efficiency and boosting its growth. The Group is very honored to partner with Dr. Phillip Mak, a leading expert in the veterinary industry, to jointly establish this hospital. Looking ahead, we look forward to collaborating with more veterinary talents to continuously expand the service scope, paving way for AMAH to become the leading flagship veterinary hospital in Hong Kong. The Group will continue to invest in expanding its veterinary business in Hong Kong, building a renowned brand, and shaping the veterinary business to become a new growth engine for the Group."

About EC Healthcare
EC Healthcare is Hong Kong's largest non-hospital medical service provider*, leveraging its core businesses of preventive and precision medicine, and committed to developing medical artificial intelligence by integrating its multi-disciplinary medical services. The move, which is supported by the Group's high-end branding and quality customer services, is aimed at offering customers safe and effective healthcare and medical services with professionalism. The Group is a constituent stock of the Hang Seng Composite Index and the MSCI Hong Kong Small Cap Index.

The Group principally engages in the provision of one-stop medical and health care services in Greater China. The Group provides a full range of services and products under its well-known brands, including those of its one-stop aesthetic medical solutions provider DR REBORN which has ranked first in Hong Kong by sales for years, a professional hair care center HAIR FOREST, primary care clinics jointly established with health management centre re:HEALTH, a vaccine centre Hong Kong Professional Vaccine HKPV, General outpatient clinic Tencent Doctorwork, the largest one-stop pain management centre in Hong Kong New York Medical Group, the comprehensive dental centres Bayley & Jackson Dental Surgeons, EC DENTAL CARE and Health and Care Dental Clinic, an advanced diagnostic and imaging centre HKAI, an oncology treatment centre reVIVE, a day procedure centre HKMED, a specialty clinic PREMIER MEDICAL CENTRE, SPECIALISTS CENTRAL and NEW MEDICAL CENTER, a paediatric centre PRIME CARE, a gynaecology specialist ZENITH MEDICAL CENTER AND PRENATAL DIAGNOSIS CENTRE, PathLab Medical Laboratories, Ophthalmology Center EC Eye and EC Veterinary Hospital and Imaging Center.

*According to independent research conducted by Frost and Sullivan in terms of revenue in 2020 and 2021


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LONDON AND HONG KONG, Mar 4, 2023 – (ACN Newswire) – Prenetics Global Limited (NASDAQ: PRE), a leader in genomic and diagnostic testing, is proud to announce the formation of a new Prenetics Scientific Advisory Board (the 'SAB') to provide strategic input based on their scientific knowledge and clinical expertise to help guide the further development of Prenetics' diagnostic cancer genomics platform.

Prenetics has been at the forefront of genomic and diagnostic testing, providing a wide range of genetic testing services to individuals and healthcare professionals around the world. The SAB includes a diverse group of highly respected experts in oncology and genomics, each with unique expertise and backgrounds in the field of precision oncology. Members of the board include Prof. Tony Mok, Prof. Pasi Janne, Prof. Pan-Chyr Yang, Dr. Hua-Chien Chen, Dr. Frank Ong, and Dr. Lawrence Tzang.

"We are honoured to have these accomplished scientific thought-leaders join Prenetics' SAB," said Danny Yeung, CEO and Co-Founder of Prenetics. "Their insights and experience will be an invaluable asset to fuel our innovative solutions in the field of precision oncology. We are particularly excited in the area of early detection for cancer and will share more details in the coming months."

"We are thrilled to have Prof. Mok chair our SAB," Mr. Yeung continued, "Prof. Mok's passion for innovation make him a great fit for Prenetics and look forward to working together to transform the way cancer is identified and treated. Prof. Mok's research has already guided the development of breakthroughs for lung cancer treatment and he has been recognized globally for his impact on the field of precision oncology."

Prof. Mok added "I am delighted to be joining Prenetics and to have the opportunity to work with such a dynamic and innovative team. Precision oncology is a rapidly evolving field, and I believe that Prenetics is well-positioned to make a significant impact in this area. I look forward to contributing my expertise to this important work."

Prenetics' SAB appointees include:

Prof. Tony S. K. Mok

Prof. Mok will lead the SAB and currently serves as Chairman of the Department of Clinical Oncology of Chinese University of Hong Kong, is a non-executive director of AstraZeneca plc (LON:AZN), and an independent director of HUTCHMED (China) Limited (Nasdaq/AIM: HCM; HKEX: 0013). His main research interest focuses on biomarker and molecular targeted therapy in lung cancer.

Prof. Mok was the Principal Investigator and first author on the landmark IRESSA Pan-Asia Study (IPASS), which was the first study that confirmed the application of precision medicine for advanced lung cancer. He has also led and co-led multiple studies including the FASTACT 2, IMPRESS, ARCHER 1050, ALEX and AURA 3. These projects address various aspects on management of EGFR mutation positive lung cancer, and have played a significant role in defining current practice. Prof. Mok has also engaged in clinical research on ALK positive lung cancer and immunotherapy. The series of clinical trials, led or co-led by Professor Mok, have defined precision medicine. His work has been adopted by multiple international guidelines including NCCN, AMP/IASLC/CAP, ASCO and ESMO.

Prof. Pasi A. Janne, MD, PhD

Prof. Pasi Janne is a globally renowned translational thoracic medical oncologist at the Dana Farber Cancer Institute and Professor of Medicine at Harvard Medical School. He is also the Director of the Lowe Center for Thoracic Oncology and the Director of the Belfer Center for Applied Cancer Science. Prof. Janne's research combines laboratory-based study with translational research in clinical trial of novel therapeutic agents in patients with lung cancer. He has made seminal therapeutic discovery including co-discovery of EGFR mutations and has led the development of therapeutic strategies for patients with EGFR mutant lung cancer.

Prof. Pasi Janne's translational research work also led to the successful development of HER3-ADC in NSCLC and combination with Osimertinib to further enhance the potential efficacy of HER3-ADC. Prof. Janne has received multiple awards for his work including from the AACR, ESMO and ASCO.

Prof. Pan-Chyr Yang, PhD

Prof. Yang is the former President of Taiwan University and has been a professor in the department of internal medicine at the College of Medicine for 27 years. He has also served as the Director of the Advisory Office for the Ministry of Education and as Dean for the College of Medicine at Taiwan University. Dr. Yang was honoured with the Joseph W. Cullen Prevention/Early Detection Award at the International Association for the Study of Lung Cancer (IASLC) 2020 World Conference on Lung Cancer.

Prof. Yang is a pioneer and leader in pulmonary ultrasound diagnostics and therapeutics that have revolutionized the management of pulmonary diseases which include lung cancer. He has led a research group to develop the method for detection and quantification circulating cancer cells in peripheral blood and to better predict the prognosis and response to treatment for lung cancer patients. His has led a research group to discover novel genes and pathways that associated with lung cancer pathogenesis and progression. They identified specific gene expression and microRNA signatures that can assist to predict the treatment outcome and may be beneficial for personalized therapy of lung cancer patients.

Dr. Hua-Chien Chen, PhD

Dr. Hua Chien Chen is the Co-founder and the Chief Scientific Officer of ACT Genomics. He has more than 20 years of experience in cancer biology, genomics and drug discovery. Dr. Hua Chien Chen earned his PhD in Biochemistry from National Yang-Ming University in Taiwan and completed his postdoctoral training in Molecular Biology at Case Western Reserve University in the USA.

In 1998, Dr Hua Chien Chen was an Assistant Investigator at the National Health Research Institute, where he worked on the discovery and development of molecular targets for new drugs. Dr. Chen then joined TaiGen Biotechnology as the Biology Director, where he oversaw the drug screening program. From 2006 to 2014, Dr. Chen took up a position as Associate Professor at Chang Gung University, where he established a multiplexed micro-RNA quantification platform for the Molecular Medicine Research Center. This platform was developed to identify non-invasive biomarkers for cancer and other diseases. Dr. Hua Chien Chen has extensive experience in the biotech industry, technology-based project evaluation and license negotiation. Dr. Chen is also an accomplished scientist and acknowledged expert in the fields of molecular biology, oncology and genomics.

Dr. Frank S. Ong, MD

Dr. Frank Ong, MD. Chief Medical Officer for Prenetics and Interim CEO for ACT Genomics is a seasoned industry-leading physician-scientist in Clinical Development (Certified Principal Investigator, Certified Clinical Research Professional, Medical Monitor) and Medical Affairs with clinical fellowship specialization in medical genetics and sub-specialization in clinical molecular genomics laboratory testing for hereditary oncology, common and rare hereditary adult and pediatric conditions, pharmacogenetics, carrier screening, and women's health. Prior to joining Prenetics as Group Chief Medical Officer, Dr. Ong was the Chief Medical Officer and Chief Scientific Officer of Everly Health and held previous leadership roles in Guardant Health (NASDAQ:GH), Illumina (NASDAQ: ILMN) and Roche (SWX: ROG). Dr. Ong led the first FDA 510(k) cleared NGS-based assay and NGS platform in 2013 as well as the first at-home COVID test to obtain Emergency Use Authorization by the US FDA in 2020.

Dr. Ong received his Medical Doctorate at the Keck School of Medicine of the University of Southern California in 2002, and completed his residency and fellowship at the University of California, Los Angeles and Cedars-Sinai Medical Center before serving on the faculty at Cedars-Sinai Medical Center.

Dr. Lawrence T.C. Tzang, Ph

Dr. Lawrence Tzang is the Co-Founder of Prenetics and has served as its Chief Scientific Officer and director since its founding in 2014. He has more than 20 years of experience in molecular diagnostics, genomics as well as laboratory automation. Dr. Tzang has been a registered Medical Laboratory Technologist I at the Board of Medical Laboratory Technologist since 2013, a founding member and ex-secretary at the Hong Kong Society for Behavioral and Neural Genetics in 2011-2022 and a fellow of the Hong Kong Society for Molecular Diagnostic Sciences since 2008. Dr. Tzang received his Ph.D. in Molecular Biology in 2003 and post-doctoral research fellowship at Department of Biology & Chemistry of the City University of Hong Kong from 2003 to 2009.

Dr. Tzang used microarray technologies on gene expression profiling for cancer researches, including vimentin and clusterin gene expression in hepatocellular carcinoma metastasis and key role of a protein in hepatocarcinogenesis, as well as drug resistance in cervical carcinoma. Dr. Tzang has also developed a biochip based genotyping platform for human papillomavirus genotyping and prevalence analysis in cervical cancer. In addition, he also participated in deep proteome profiling of sera from never-smoked lung cancer patients.

About Prenetics

Prenetics is a leading genomics and precision oncology company dedicated to transforming patient care through advanced genomic and molecular technologies. Our new business focus is on precision oncology, specifically on early detection and treatment. We recently acquired ACT Genomics, the only Asia-based company to receive FDA clearance for a comprehensive genomics profiling test for solid tumors. ACT has also enabled us to expand our capabilities and offer comprehensive cancer solutions to patients worldwide. Our team of world-class scientists, healthcare experts, and technology innovators are committed to driving forward precision oncology to improve patient outcomes. At Prenetics, we believe that every patient deserves personalized, effective, and affordable cancer care, and we are dedicated to making that a reality. Prenetics is listed on NASDAQ with the ticker PRE. To learn more about Prenetics, visit www.prenetics.com

About ACT Genomics

ACT Genomics is an innovation-driven cancer solution provider with offices in Taipei, Hong Kong, Singapore, Tokyo, Bangkok and the United Kingdom. With its Next-Generation Sequencing (NGS) technology, CAP-accredited laboratories, experienced bioinformatics team, and proprietary AI algorithms, ACT Genomics provides optimal cancer treatment planning, immunotherapy evaluation, cancer relapse and drug resistance monitoring, as well as cancer risk assessment services to medical professionals. Its motto is "Turn Genomics into Action". ACT Genomics is a group company of NASDAQ-listed Prenetics. To learn more about ACT Genomics, visit www.actgenomics.com.

Investor Relations Contact:
Email: investors@prenetics.com

ICR Westwicke:
Caroline Corner +1 415 202 5678 Email: caroline.corner@westwicke.com

Forward-Looking Statements
In addition to historical information, this release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "predict," "potential," or the negative of these terms or other similar expressions. These statements are based on estimates and forecasts and reflect the views, assumptions, expectations, and opinions of Prenetics and ACT Genomics. Any such estimates and assumptions, expectations, forecasts, views or opinions, whether or not identified in this press release, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. These statements include, but are not limited to, statements by our management or the board regarding plans, objectives, strategic direction of Prenetics and ACT. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Because of these uncertainties, you should not make any investment decisions based on our estimates or forward-looking statements. All information provided in this press release is as of the date of this press release. Prenetics does not undertake any obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required under applicable law.


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HONG KONG, Feb 28, 2023 – (ACN Newswire) – Headquartered in Shenzhen, Kingworld Medicines Group Limited (stock code: 01110.HK) is a distributor and the agent of many well-known and high-quality health products, providing channels and supply chains to the products. It has helped brands establish professional image and achieved good sales performance in the Mainland China, Hong Kong and Macau markets, gaining the endorsement of partners at home and abroad. As an industry leader of more than two decades, Kingworld Medicines has won market acclaims and was again named a "Shenzhen Time-honored Brand".

The Company's own medicine brand Kingworld Imada Red Flower Oil recently made the official topical oil at the Shenzhen Bao'an Marathon. The topical oil is among the best of Kingworld's own brand medicines, known for improving circulation, fending off coldness and reducing swelling and pain. Made of precious Chinese medicines, including safflower and dragon's blood, the topical oil can be used to treat symptoms of such as arthritis, and bruises and pain, backache and mosquito bites, among others.

The Shenzhen Bao'an Marathon was suspended for [a year/two years] due to the COVID-19 pandemic. It will resume this year and is scheduled to be held on 19 March. The major sports event in China was first held in December 2016. It features two races – the full marathon and half marathon – welcoming 18,000 participants, of whom 8,000 to the full marathon and 10,000 to the half marathon. In recent years, the Company has provided Kingworld Imada Red Flower Oil to athletes at various sporting events to help in their recovery. The product has also been well-received by consumers, who have spontaneously recommended it to their friends via WeChat.

Kingworld Medicines will send teams to take part in the event. On the day, a service zone will be set up at the starting point and the end point to help athletes [get ready for and] recuperate after the races. Moreover, it will offer interactive games with prizes at the event to spur the joyous atmosphere of the marathon.

The medicines, health care products and beauty products sold by Kingworld Medicines as a distributor and agent included: the Nin Jiom Product series, Taiko Seirogan, Culturelle probiotics, CARMEX, Life's DHA Algae, among others, all products familiar to the market. The Company also carries out R&D and production of medical devices such as infrared body temperature monitors, and distributes medical supplies and surgical masks. Last year, it acquired equity interest in the French company Innopharm to prepare for exploring and making deployment in overseas market.

The Company is building the Longde Health Industrial Park in Shenzhen. The industrial park was topped out at the end of last year and will start recruiting tenants this year, targeting companies in medical device and biomedicine businesses. With the Longde Health Industrial Park giving it support, Kingworld will build an integrated intelligent pharmaceutical supply chain service platform and optimize its comprehensive health business system.


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

PETALING JAYA, Malaysia, Feb 24, 2023 – (ACN Newswire) – Malaysian Genomics Resource Centre Berhad, a leading genomics and biopharmaceutical specialist, today announced that the Group recorded a revenue of RM1.64 million for the second quarter ended 31 December 2022 (2Q 2023). This amount is down from RM7.63 million in 2Q 2022, as the Group moved its focus from vaccines to biopharmaceuticals.

For the quarter under review, the Group recorded a loss before tax (LBT) of RM1.27 million compared with a profit before tax (PBT) of RM1.01 million in 2Q 2022, mainly due to business expansion and production of fast-moving consumer goods (FMCG), which required additional human resource capital, research and development expenditure, and marketing.

For the first six months ended 31 December 2022 (1H 2023), the Group recorded a revenue of RM5.46 million, which is a RM11.48 million decrease from the RM16.94 million registered in 1H 2022. The Group reported a LBT of RM0.43 million for 1H 2023 compared to a PBT of RM1.25 million in the corresponding period in the previous financial year.

Azri Azerai, Executive Director of Malaysian Genomics, said, "Our Group remains committed to sustaining growth over the longer term by focusing on immunotherapy and cell therapies under the biopharmaceutical business we are expanding through our distribution network in the Middle East and Southeast Asia. We are also developing new FMCG products to offer to these new markets while seeking to expand into other markets. Our recent initiatives include a commercial collaboration on an innovative genetic test for reproductive health and the development of novel phytopharmaceuticals with potential therapeutic and commercial value."

"The financial performance for the quarter under review was mainly affected by the need to spend in support of the pivot to biopharmaceuticals, which the Group is well positioned to take advantage of given our track record as a leading provider of genetic screening and genome analysis services," he added.

Malaysian Genomics Resource Centre Bhd: 0155 [BURSA: MGRC] [RIC: MGRC:KL] [BBG: MGRC:MK], http://www.mgrc.com.my/

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