OIO to launch blockchain consulting and development services in Indonesia

SINGAPORE, Oct 2, 2020 – (ACN Newswire) – SGX-listed OIO Holdings Limited ("OIO") is pleased to announce its entry into the Indonesian market with a Memorandum of Understanding ("MOU") with PT. Infiniti Teknologi Indonesia ("Infiniti").

Under the MOU, OIO will cooperate with Infiniti to support companies across various Indonesian industries planning to adopt blockchain-based technology in their business operations, with the aim of unlocking new growth areas and addressing operational inefficiencies. The MOU is effective for 2 years from 2 October 2020, unless mutually agreed between the parties for early termination or for further extension.

Background to the Partnership

OIO aims to be a leading provider of cost-effective and innovative solutions based on blockchain to further power the growth of enterprises in Asia. In partnership with Vietnam-based Infinity Blockchain Group ("IBG"), OIO currently markets consultancy and software development services for enterprises seeking to adopt easy-to-use and highly cost-effective blockchain solutions across numerous industries – such as, shipping, construction, logistics, and others. OIO's vision is to help our enterprise customers solve their real-world problems by providing them with appropriately customised blockchain solutions.

Being headquartered in Singapore, a leading global blockchain cluster, places OIO in a strategic position to access the growing demand for enterprise blockchain solutions. According to market intelligence firm International Data Corporation ("IDC"), the Asia-Pacific region accounts for approximately 19.3% of global blockchain spending. Even after accounting for COVID-19 related spending slowdowns, IDC expects blockchain spending to grow at a five-year Compound Annual Growth Rate of 55.3% for the Asia Pacific region (ex-Japan) and 57.1% worldwide – with global spend estimated to reach $14.4 billion by 2023[1].

Indonesia Market

Today, Indonesia is the world's fourth most populous nation, the 10th largest economy in terms of purchasing power parity, and a member of the G-20[2]. Strong macroeconomic fundamentals plus the growing number of both public and private sector blockchain projects in the country, have made Indonesia an attractive market for OIO to support with our customised solutions.

At the start of 2018, Bank Indonesia (BI) announced that it needs about two years to complete a study about the possibility of issuing a digital rupiah currency[3]. In August that year, the Indonesian Blockchain Association along with other organisations such as the Indonesia Chamber of Commerce and Creative Economy Agency, and Hara (a blockchain-based agritech startup) came together to launch Indonesia's first blockchain hub[4]. A year later, the Indonesian government's Creative Economy Agency also was reported to be using blockchain technology to protect artists' copyrights by helping musicians who have loaded their work to the database to track and monitor downloads and usage online, and calculate royalties due[5].

Historically, Indonesia has followed a democratic philosophy of strong regional autonomy. As such, each of the 33 provinces have their own unique features arising from provincial empowerment. This "administrative decentralisation" is also reflected in the differing standards, procedures, and IT systems between regions. This also means that service providers operating with centralised information systems will struggle to expand their services across the many differing regional standards and protocols[6].

While this feature of the Indonesian IT terrain may be an obstacle to traditional players in the tech industry, it is a boon for newer innovators who can leverage on blockchain's features that allows it to share data across multiple parties while keeping the database decentralised. OIO has recently identified potential project requirements from various industries in Indonesia, particularly in supply chain management across the many small islands in the country.

"We are thrilled to enter the Indonesian market with our partner PT. Infiniti Teknologi Indonesia. We believe we can leverage our experience and resources in the blockchain industry to help further propel the economic success story that is Indonesia today."
– Taku Edatsune, Head of Finance and Administration of OIO Holdings.

"We see the rise of potential needs for blockchain technology to solve the social and economic problems in Indonesia. Indonesia due to its diverse political and dispersed geographical nature, is best served by a decentralised technological solution. Hence our blockchain based collaboration with OIO."
– Syarifuddin Tanzil, Infiniti Teknologi Indonesia.

The OIO – PT. Infiniti Teknologi Indonesia Partnership

Through this partnership, OIO and Infiniti will market and execute blockchain-related consulting and software development services to enterprises in Indonesia, leveraging on OIO's reputation as a Singapore-listed company, IBG's software development resources, as well as Infiniti's local networks of enterprises in Indonesia.

The goal of the partnership is to promote greater implementation and adoption of blockchain solutions across industries in Indonesia, thereby resolving existing business and social issues by leveraging on the unique advantages accorded by blockchain.

1. IDC. 2020. Worldwide Blockchain Spending Guide. [online] Available at: https://www.idc.com/getdoc.jsp?containerId=IDC_P37345 [Accessed 7 August 2020].
2. The World Bank. 2020. The World Bank In Indonesia. [online] Available at: https://www.worldbank.org/en/country/indonesia/overview#1 [Accessed 27 September 2020]
3. Indonesia-investments.com. 2018. Bank Indonesia Studies The Use Of Central Bank Digital Currency | Indonesia Investments. [online] Available at: https://tinyurl.com/ydaf6geu [Accessed 1 October 2020].
4. Maulani, A., 2018. Indonesia Blockchain Hub Launches To Bring Greater Awareness Of The Technology | E27. [online] e27. Available at: https://e27.co/indonesia-blockchain-hub-launches-20180817/ [Accessed 1 October 2020].
5. Unctad.org. 2015. Indonesia Adopts Blockchain To Grow Music Industry IP. [online] Available at: https://tinyurl.com/yb9v3y7a [Accessed 1 October 2020].
6. FORKAST. 2020. Indonesia's decentralized island society makes blockchain a must-have. [online] Available at: https://tinyurl.com/ycopc2gd [Accessed 27 September 2020]

About OIO Holdings Limited

OIO Holdings Limited ("OIO") is a Singapore Exchange-listed firm whose core businesses are the provision of mechanical and electrical ("M&E") engineering services, and blockchain-related agency and consulting solution services. Over the years, OIO has developed extensive expertise as an M&E engineering services and solution provider. It has built up a strong network with well-established customers who are often engaged in luxury resorts or well-known projects in Singapore and the region such as Sengkang General Hospital and Sheraton Towers Singapore Hotel.

OIO has recently expanded into blockchain-related businesses which include sales agency business, software development agency business and blockchain-related consultancy businesses. OIO's vision is to be the best service partner and provider of innovative technology solutions to power the growth of enterprises in Asia.

Website: www.oio.sg
Facebook: https://www.facebook.com/oioholdings/
LinkedIn: https://www.linkedin.com/company/66361073/
Telegram: https://t.me/oio_singapore

Service contact:
Sam Lay, Head of Business Development, OIO. email: enquiry@oio.sg
Company contact:
Taku Edatsune, Head of Finance and Administration, OIO. email: press@oio.sg or investor.relations@oio.sg

This press release has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms Gillian Goh, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

WiMi Establishes Joint Postgraduate Training Practice Center

BEIJING, Sep 22, 2020 – (ACN Newswire) – WiMi Hologram Cloud Inc. ("WiMi" or "the Company") (NASDAQ:WIMI) today announced that Lixin Technology Co., Ltd. ("Lixin"), a wholly-owned subsidiary of the Company, the Institute of Semiconductor Manufacturing Research of Shenzhen University and Haikou Integrated Free Trade Zone Management Committee have entered into a cooperation agreement for the establishment of the Postgraduate Training Practice Center for the promotion of innovation and development of talents.

In the future, the parties will cooperate in the training and mentoring of postgraduate students and expect to expand cooperation areas, including the joint application of national and local scientific research projects and joint construction of key laboratories, to promote scientific research, talent training and service to local community.

Lixin is a wholly-owned subsidiary of the Company, with an initial registered capital of 200 million RMB. Lixin will focus on research, development and sales of holographic vision intelligent robots and related holographic vision technology services. Lixin Technology will also leverage its parent company's related patents and copyrights to develop semiconductor products and sell such products to customers across the broader holographic ecosystem. Lixin Technology will focus on a new upstream business in the domestic smart product market, and research, development and sales of semiconductor chips to further enhance the Company's competitiveness.

Based in Hainan province, Lixin Technology will enjoy tax incentives and government support of the fast growing semiconductor industry, industrial and automation technologies and applications of intelligent vision and holographic vision. The Company anticipates its new subsidiary will help develop its fabless semiconductor business by integrating IC design enterprises with its extensive proprietary technologies. The investment and establishment of Lixin Technology is in line with the Company's optimization of its supply chain management, cost reductions and competitiveness, and the Company's ongoing efforts to bolster its innovation, design and technical capabilities.

Shenzhen University is located in Shenzhen, Guangdong Province and is a comprehensive university administered by Guangdong Province and sponsored by the Government of Shenzhen Municipality. It has received numerous honors and recognitions, such as the International Technology Cooperation Base and National Talent Training Model Innovation Experimental Area, the National College Students' Innovative Entrepreneurial Training Program, and is a member of the CDIO Engineering Education Alliance. Shenzhen University has achieved rapid development in the fields of talent training, innovation and technology research and development, and has made many original achievements in science and technology. The establishment of the Joint Postgraduate Training Practice Center provides Lixin with the opportunity to explore potential cooperation in the fields of mechanical design, manufacturing and automation, semiconductor integrated circuits, and other academic disciplines of the Shenzhen University.

Haikou Integrated Free Trade Zone was established with the approval of the State Council. With the development of high and new technology industry and preferential policies, the Free Trade Zone drives the development of warehousing and logistics industry, promotes the development of peripheral economy and implements the strategies of functional development, system innovation, technological innovation, and has made impressive achievements. The Free Trade Zone has formed high-tech industrial clusters dominated by biopharmaceuticals, automobile manufacturing, electronic information, electromechanical and processing, and has become the development base and demonstration area of Hainan's high-tech industry and effectively promoted the development of the surrounding economy.

The Company believes that the cooperation among the three parties will provide strong support for the sustainable development of the semiconductor industry. At the same time, the joint training of graduate students is conducive to the development of the academic disciplines and application of scientific and technological achievements of Shenzhen University, and will contribute to the development of the country in cultivating and retaining high-level industrial technical personnel.

The establishment of the Joint Postgraduate Training Practice Center explores new space for the practical teaching of relevant academic disciplines in Shenzhen University. Through in-depth cooperation, the three parties have set up a diversified platform for practice and training, creating favorable conditions for jointly cultivating outstanding scientific research talents and reserving technical force for relevant industries. It also embodies the vision shared by three parties to establish industry-university-research strategic cooperation. The Company hopes that the three parties will seize this opportunity, actively explore new cooperation models and extend cooperation to promote win-win cooperation, and to actively contribute to the development of basic software for localized information construction.

About WIMI Hologram Cloud Inc.

WiMi Hologram Cloud, Inc.(NASDAQ:WIMI), whose commercial operations began in 2015, operates an integrated holographic AR application platform in China and has built a comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. Its extensive portfolio includes 4,654 AR holographic contents. The company has also achieved a speed of image processing that is 80 percent faster than the industry average. While most peer companies may identify and capture 40 to 50 blocks of image data within a specific space unit, WiMi collects 500 to 550 data blocks.

Safe Harbor / Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release, as well as the Company's strategic and operational plans, contain forward-looking statements. The Company may also make written or spoken forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (SEC) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.

For investor and media inquiries, please contact:
pr@wimiar.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

WiMi Announces Establishment of Joint Postgraduate Training Practice Center by Lixin Technology Co., Ltd. and Institute of Semiconductor Manufacturing Research of Shenzhen University

SGX-Listed OIO Holdings Launches Beta Test Program of Enterprise Cryptocurrency Wallet

SINGAPORE, Sep 17, 2020 – (ACN Newswire) – SGX-listed OIO Holdings Limited ("OIO") is pleased to announce the beta test launch of Moonstake Enterprise Wallet, a cryptocurrency wallet for enterprise users. OIO is engaged in sales and marketing of Moonstake Enterprise Wallet – one of the B2B products of our strategic partner, Moonstake. OIO and Moonstake hope to target enterprises for the program, including SMEs & start-ups, which use cryptocurrencies for their operations or investments.

The Wallet hopes to address the current pain points which top management and finance departments face when holding and transacting cryptocurrencies. These include the inability to designate proper authorization and approval processes when paying with crypto, setting spending limits and generating transaction reports. The Wallet aims to be a secure and cost-effective solution that provides enterprise users with comfort and useability, common in online banking services, when transacting with cryptocurrencies.

Compliance and Control with Cryptocurrencies

Establishing proper internal controls over financial transactions is a critical part of compliance with regulatory requirements as well as good corporate governance practices. Authorizations for transactions are often distributed across multiple layers in an organization and spending limits are set for each person depending on their role in the organization. Financial reports can be also generated easily from most online banking systems and integrated to enterprises' accounting systems for audit and compliance purposes. These features enable enterprises to monitor assets and have an overview of their financial status in a timely manner.

However, enterprises using cryptocurrencies lack the same control and visibility that are common to most online banking services. Most of the existing wallet solutions, irrespective of whether they are custodian wallets or non-custodian wallets, do not provide the sufficient functions necessary to hold and use cryptocurrencies with sufficient control and accountability, which proves challenging for the enterprise adoption of cryptocurrencies.

As the blockchain-based services and cryptocurrencies grow in popularity across a variety of industries, OIO believes that the demand for an enterprise wallet which companies can use with confidence and ease will only increase. This is the current gap in the market which Moonstake Enterprise Wallet aims to address.

Current Wallet Features

The current beta version of Moonstake Enterprise Wallet supports major cryptocurrencies like ETH and USDT, and has functions such as instant and test payment, assigning of roles and rules, spending limits and bulk payments. Future versions of the Enterprise Wallet will include the addition of more cryptocurrency types, as well as other features such as the generation of on-demand financial reports for companies' management and finance departments.

In terms of security, the current beta product is a multi-signature wallet that requires at least two private keys to access stored funds. Future versions of the wallet will include potential deployment of secure multi-party computation (MPC) technology which would eliminate "single points of failure", and enhance the security for larger enterprise wallet users.

Goals of the Beta Test

OIO is now inviting enterprises interested in beta testing to provide feedback on the present challenges, and the features requested for using cryptocurrencies in their current workflow processes. The feedback and insights provided by early beta testers will help OIO develop the product further before it markets the Enterprise Wallet to a wider pool of enterprise users.

Ideal beta testers for the program include SMEs, start-ups and larger enterprises which are now holding and using cryptocurrencies or are planning to do so in future for their operations or investments. By joining the beta testing program, enterprise participants will stand to benefit from future business collaboration with OIO as an SGX-listed blockchain solution provider, and stand to benefit from being highlighted in joint marketing efforts with OIO in promoting the adoption of its blockchain solutions.

Register interest at OIO's website – https://oio.sg/oio-enterprise-wallet/.

"The vision of Moonstake Enterprise Wallet is to be a safe institutional-grade wallet that lets you hold, store and withdraw digital assets securely with necessary internal controls and visibility for the management of the companies," said Taku Edatsune, OIO's Head of Finance and Administration. "We believe the future increase in adoption of cryptocurrencies will increase the need for a cryptocurrency wallet which enterprises can use with confidence."

About OIO Holdings Limited

OIO Holdings Limited (KUX / OIOH.SI) is a Singapore Exchange-listed firm whose core businesses are the provision of mechanical and electrical ("M&E") engineering services, and blockchain-related agency and consulting services. Over the years, OIO has developed extensive expertise as an M&E engineering services and solution provider, and has built up a strong network of well-established clients engaged in luxury resorts or well-known projects in and around Singapore and the region.

OIO has expanded into blockchain-related businesses which include sales agency business, software development agency business and blockchain-related consultancy businesses. OIO's vision is to be the best service partner and provider of innovative technology solutions to power the growth of enterprises in Asia.

Website: http://www.oio.sg/
Facebook: https://www.facebook.com/oioholdings/
LinkedIn: https://www.linkedin.com/company/oio-holdings-limited/
Twitter: https://twitter.com/HoldingsOio

About Moonstake Pte Ltd

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Staking adopts Proof-of-Stake (PoS) as a type of consensus algorithm which allows cryptocurrency holders to increase the likelihood of receiving block rewards from block validation transactions. It brings together the ability to stake and ultimately distributes block rewards based on contribution. Moonstake develops a staking pool protocol, and provides business services through partners and companies. Staking is expected to help elevate blockchain technology and work for decentralisation. Please visit https://www.moonstake.io/.

Service contact:
Sam Lay, Head of Business Development, OIO. email: enquiry@oio.sg
Company contact:
Taku Edatsune, Head of Finance and Administration, OIO. email: press@oio.sg, or investor.relations@oio.sg

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Pactera and Eutech Form Partnership

SINGAPORE, Aug 25, 2020 – (ACN Newswire) – Pactera, a leading IT solution company with 25 years of history and nearly 30,000 employees, and Eutech today jointly announced a partnership to bring smart building and workplace design solutions to clients in the Asia Pacific and Oceania region.

Collaboration between Pactera OctoIoT and Eutech IVIVA

The partnership brings together the proven Pactera OctoIoT platform and unique data management technique with Eutech IVIVA, a workplace cloud that provides a broad range of applications and technologies for the implementation of solutions for the Digital Workplace, Smart Buildings and Smart Precincts.

"We are very pleased to enter the strategic Asia Pacific and Oceania partnership with Eutech, which provides a variety of digital transformation solutions for the global real estate and building market," stated JinSong Li, Executive Vice President, General Manager of APAC Business Group, Pactera. "Pactera has a broad regional presence and in-depth localized capabilities for IT and consulting. Leveraged by Eutech's industry-leading digital solutions, we firmly believe that our new partnership with Eutech will support clients' digital transformations and bring new value to the marketplace."

Under this partnership, together Pactera and Eutech will help clients utilize the solutions that deliver step-change improvements in productivity, cost, and efficiency over the entire building life cycle. The partnership brings extensive Pactera's experience in IoT implementation, IT consulting, and digital transformation, combined with the Eutech IVIVA platform enabling smart, interactive environments that delight tenants and visitors.

"Organisations are increasingly looking to connect their physical and digital workspaces to enable a more resilient and productive workplace," said Dr. Hari Gunasingham, Founder and CEO, Eutech. "Eutech's mission is to enable this by redefining the way people, places, and things interact. Our partnership with Pactera is a key initiative in this mission. We are looking to co-innovate and co-create disruptive workplace solutions that bring together Pactera's leading-edge technologies and capabilities in IoT and AI, and Eutech's IVIVA Workplace Cloud."

About Pactera

Pactera is a Global Technology company with 29,000 employees worldwide committed to delivering Digital-themed consulting, UX interaction, IT implementation and Operations services to customers. Pactera creates business value for Fortune 2000 companies by accelerating business innovation, enabling new growth, improving operational efficiency and transforming the user experience.

Website: https://apac.pactera.com
CONTACT: info_apac@pactera.com

About Eutech

Eutech is a global software company specializing in the design, development and implementation of next-generation solutions and services for the global construction and real estate industries. Eutech's product portfolio includes IVIVA, a Workplace Cloud that brings together a broad range of applications and technologies for the implementation of solutions for the Digital Workplace, Smart Buildings and Smart Precincts. Eutech is headquartered in Singapore, with operations across Asia, Australia, the Middle East, and Europe. The company has implemented over 300 million square feet of projects.

Website: https://www.iviva.com
CONTACT: info@ecyber.com

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Collaboration between Pactera OctoIoT and Eutech IVIVA
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Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

WiMi Hologram Cloud Inc. Establishes Subsidiary to Accelerate Development of its Holographic Vision Intelligent Robots and Fabless Semiconductor Businesses

BEIJING, Aug 10, 2020 – (ACN Newswire) – WiMi Hologram Cloud, Inc. ("WiMi" or "the Company") (NASDAQ: WIMI) today announced the establishment of a wholly-owned subsidiary to accelerate development of its holographic vision intelligent robots and fabless semiconductor businesses.

The wholly-owned subsidiary of the Company, Lixin Technology Co., Ltd. ("Lixin Technology"), with an initial registered capital of RMB200 million, will focus on research, development and sales of holographic vision intelligent robots and related holographic vision technology services. Lixin Technology will also leverage its parent company's related patents and copyrights to develop semiconductor products and sell such products to customers across the broader holographic ecosystem. Lixin Technology will focus on a new upstream business in the domestic smart product market, and research, development and sales of semiconductor chips to further enhance the Company's competitiveness.

As a fabless semiconductor company, Lixin Technology will become the latest entrant into China's already large, well-funded domestic semiconductor industry. One of the main goals of Made in China 2025, a strategic plan issued in 2015 to promote Chinese technological manufacturers in the global marketplace, is achieving self-sufficiency, as China continues to influence the global semiconductor industry. According to a report published by Morgan Stanley on June 16, 2020, sales of China-designed chips are forecast to rise from US$18 billion in 2019 to US$48 billion in 2025, with Chinese semiconductor companies meeting 40% of domestic demand by 2025.

Lixin Technology will be based in the Hainan province of China and will be able to benefit from favorable tax status and government support of the fast growing semiconductor industry, industrial and automation technologies and applications of intelligent vision and holographic vision. The Company anticipates its new subsidiary will help develop its fabless semiconductor business by integrating IC design enterprises with its extensive proprietary technologies. The investment and establishment of Lixin Technology is in line with the Company's optimization of its supply chain management, cost reductions and competitiveness, and the Company's ongoing efforts to bolster its innovation, design and technical capabilities.

At present, the businesses of many global technology leaders, including Qualcomm, MediaTek, and Nvidia, involve ecological systems such as artificial intelligence, 5G, and the Internet of Things. Therefore, the demand for upstream suppliers is no longer limited to the supply of electronic components or products. It also requires market participants to possess technical service capabilities, comprehensive solution provision capabilities, and one-stop value-added service capabilities.

With the increasing demand of semiconductor application solutions related to holographic 3D vision, the Company will provide corresponding semiconductor solutions to meet the market demand of holographic 3D vision based on its application demand, in order to realize the purpose of promoting the application and popularization of holographic 3D vision technology in the semiconductor industry.

About WIMI Hologram Cloud Inc.
WiMi Hologram Cloud, Inc. (NASDAQ: WIMI), whose commercial operations began in 2015, operates an integrated holographic AR application platform in China and has built a comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. Its extensive portfolio includes 4,654 AR holographic contents. The company has also achieved a speed of image processing that is 80 percent faster than the industry average. While most peer companies may identify and capture 40 to 50 blocks of image data within a specific space unit, WiMi collects 500 to 550 data blocks.

For more information, please visit http://ir.wimiar.com/.

Safe Harbor / Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

5G powers up IoT

HONG KONG, Jul 31, 2020 – (ACN Newswire) – Communications technology reached a historic milestone at the beginning of April this year as Hong Kong's fifth-generation mobile (5G) network was officially fully connected, linking all major communication equipment.

A 5G network provides much more than just increased bandwidth and speed – 5G provides the opportunity to deploy artificial intelligence (AI) technology to bring the much-discussed Internet of Things (IoT) out of the laboratory and into the real world. To give people from all walks of life a better understanding of 5G networks, the Hong Kong Trade Development Council (HKTDC) held the Tech Trends Symposium 2020 – The Future of Intelligent Connectivity on 28 July. Forming part of the HKTDC's Summer Sourcing Weeks | Go ONLINE virtual trade fair (27 July-7 August), the symposium was streamed online. At a session titled "Empowering a Connected Future with 5G", industry leaders introduced the latest developments in 5G networks and expressed the hope that Hong Kong will keep pace with the world in moving towards 5G and building a smart city.

Research focus

5G networks could turn the established business-to-customer (B2C) model on its head and profoundly change consumers' experiences, said Justin Chuang, Vice President, Communications Technologies at the Hong Kong Special Administrative Region Government's Applied Science and Technology Research Institute (ASTRI).

Citing examples, he said real-time augmented reality (AR), a 360-degree visual experience and ultra-clear imaging will profoundly change traditional marketing and publicity models. Business-to-business (B2B) transactions could expand in scale, while autonomous vehicles, smart offices and smart factories could be linked up through 5G systems to improve productivity.

Manufacturing reworked

More importantly, Mr Chuang pointed out, 5G networks could deploy artificial intelligence (AI) and a marriage of the two would completely change the ecology of manufacturing. Factories would be able to use automated vehicles, robots and monitoring sensors. AI applications, instead of human managers, would coordinate and monitor this fully automated production system. Human engineering expertise could be applied to remotely formulating workflows and ordering work patterns. The saved human resources could then concentrate on quality monitoring and decision-making, said Mr Chuang. He believes 5G is not only a new era of networks but also a way to promote the progress of the entire city.

ICT overhaul

The April 5G launch in Hong Kong saw telecommunications companies swiftly rolling out services on networks the city's main telecommunications companies had set up.

Henry Wong, Head of Strategic Wireless Technology & Core Networks at local telecommunications company HKT Limited, said network technology in Hong Kong has advanced step by step in recent decades from voice and data Internet access to the latest 5G networks. The speed and usage pattern of the network had improved. During the 2G and 3G eras, watching videos was just about viewing. With 4G came high-definition videos and video conferences but the network was prone to time delays and freezes or even bad frames on screen.

5G, however, supports not only a wide range of visual innovations such as high-definition multi-dimensional 360-degree images, but also interactivity thanks to virtual reality (VR) technology which enables the screen view to change to match users' movements and become whatever the user wants to see.

4G technology was unable to fully support VR, and there were lags and delays in transmitting images, which greatly weakened the application of VR, Mr Wong added.

Changes are also impacting television broadcasting. Citing the example of HKT's pay TV, Mr Wong said on-demand viewing, as opposed to the traditional broadcast-by-schedule model, has been introduced in recent years and audiences can freely choose viewing times for content such as concerts, sports events and more without the limitation of a schedule, which improves convenience. The 5G network can combine these two modes to give high-definition, freely selectable content, even including 360-degree virtual-reality images, presented directly to the audience, he remarked.

Property play

In addition to expanding network bandwidth, 5G permits the era of the Internet of Things (IoT) to begin in earnest, according to Andrew Young, Associate Director (Innovation) for Sino Group, A leading Hong Kong real-estate developer.

Mr Young said 5G networks could bring in a raft of Massive IoT technologies such as smart building, logistics tracking and smart agriculture. The networks could also permit time-dependent Critical IoT applications such as Remote Medical, Traffic Safety Control and Industrial Automation.

IoT applications are more reliable on 5G networks with less time delay and the ability to process large amounts of data quickly and efficiently. In the real-estate sector 5G networks could be used in such applications analysing the flow of people in shopping malls and gauging their consumption habits, helping managements adjust the distribution of stores and arrange activities based on the analysis.

These 5G technology applications could become "pervasive". Mr Young pointed out that 5G can handle a large amount of data but the subsequent data processing and storage would inevitably raise network security concerns. While the networks develop rapidly, personal information and network security should also be protected, so the 5G network can continue to grow healthily.

Noting the potential of smart buildings and related technologies, Sino Group established the Sino Creative Research and Development Office in 2018 to monitor related technology trends and introduce technologies such as artificial intelligence (AR) and robotics into the group's business. It analyses the potential of innovative technology, including 5G, under three criteria – business model, operation process and customer experience.

Websites
– Summer Sourcing Weeks | Go ONLINE official website: https://ssw.hktdc.com/
– Seminar registration: https://ssw.hktdc.com/en/intelligence-hub.html
– Summer Sourcing Weeks | Go ONLINE promotion video: https://bit.ly/2ZYiwiG
– HKTDC Media Room: http://mediaroom.hktdc.com

# Note to editors: considering the impact of the pandemic, the HKTDC has changed the dates for several exhibitions and conferences, at the same time as continuing to create business opportunities for enterprises through other channels. Details of the latest event arrangements can be found at https://bit.ly/2BbhSVh

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 trade publications, research reports and digital news channels. For more information, please visit: http://www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Contact:
Christine Kam, Tel: +852 2584 4514, Email: christine.kam@hktdc.org
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

UNISOC 4G Watch Platform W307 Is Newly Upgraded

HONG KONG, Jul 15, 2020 – (ACN Newswire) – UNISOC, the world's leading supplier of core chips for mobile communications and the Internet of Things, launched its new smartwatch platform UNISOC W307. Based on ultra-low-power architecture design, it adopts the high-precision positioning scheme and highly integrated 4G full-network, which will bring users a richer intelligent experience.

The W307 is made using TSMC's 28nm HPC+, with a chip integrated with CPU, memory, 4G multi-mode modem, Bluetooth, Wi-Fi, GNSS, and image system. W307 package area is smaller than the previous generation UNISOC 8521E, which brings more freedom for the design of terminal products. W307 significantly optimizes performance, connectivity, intelligence, and power consumption. Highlights of the platform include:

– High integration: W307 SoC adopts a single-core A53 processor, and the packaging area is reduced by 30% compared with the previous generation, which greatly saves the PCB layout area and can be used as a single-side ornament.

– Light system and low power consumption: W307 adopts RTOS lightweight system and has a smooth and responsive user experience. The overall power consumption is more than 30% lower than the previous generation, which can bring more lasting performance for smartwatches.

– HD video calling: The W307 adopts UNISOC's reliable, globally certified second-generation 4G LTE multi-mode modem. It supports LTE Cat-4, WCDMA, and GSM communication standards, providing 4G + Wi-Fi HD video calling.

– Sub-meter high precision positioning: Combined with the AI multiple positioning technologies and high-precision positioning SDK of UNISOC, W307 can support sub-meter high precision positioning, and provide a strong technical foundation for the electronic fence and other application scenarios. It meets the needs of parents to obtain accurate positions of children.

– Rich applications: W307 can be adapted to a variety of RTOS applications. It supports the nine-axis sensor and popular voice assistant, voice micro chat, pedometer, and other applications, which provides the rich and interesting interactive and entertainment experience for children.

As the demand for the watch market shifts from 2G to 4G and continues to grow rapidly, UNISOC takes a leading position in the field of 4G children's watches by its innovative advantages and has established long-term cooperation with the mainstream smartwatch brands in the industry. The release of platform UNISOC W307 further enriched the platform portfolio for smartwatches.

Media Contact:
UNISOC Technologies Co., Ltd
Miranda Wu – UNISOC PR Team
E-mail: mengran.wu@unisoc.com
Website: http://www.unisoc.com

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Bega Cheese selects Software AG to provide IoT dairy supply chain solution

SINGAPORE, Jul 13, 2020 – (ACN Newswire) – Software AG today announced it has been selected by Bega Cheese to provide its Cumulocity IoT solution to Bega Cheese to launch a new IoT service linking the company's farmer suppliers, milk transport and storage, and processing facilities.

The deal will see Software AG providing Bega Cheese with IoT solutions to provide real time data on milk production at farmer suppliers including volumes, temperature, quality composition, and transport conditions, to gain efficiencies in pickup and delivery frequency to reduce costs and improve traceability.

According to Adel Salman, GM Supply Chain at Bega Cheese, the company knew that IoT could be an excellent solution, especially with the use of real-time data for both inbound and outbound activities in the company's supply chain.

"What we didn't have was experience in setting up IoT projects, so we started looking around for a partner that could provide us with IoT expertise, resources, industry contacts and help with government backing," said Salman.

"Swinburne University of Technology with its Internet of Things Lab and Industry 4.0 initiatives as well as its research partnership with Software AG was the perfect collaborator for us. Swinburne University listened to what we needed to achieve and together with Software AG, developed an IoT strategy with a set of solutions that met our needs. The university has also been instrumental in helping us to successfully apply for a research grant from the federal government's Cooperative Research Centres Projects (CRC-P)," added Salman.

Tony Drewitt, Head of IoT ANZ, Software AG, said: "We're excited to have this opportunity to work with Bega Cheese, one of Australia's largest dairy producers. The work Bega Cheese is doing in the milk supply chain area is revolutionary. With Cumulocity, Bega Cheese will have real-time data and insights which will allow it to enhance its supply chain productivity and competitiveness with just-in-time milk pickup and processing requirements on a large scale."

The scope of the project will include:
– a novel low-cost milk quality sensor enabled for IoT
– an IoT 'live' Supply Chain Monitoring system for continuous real-time monitoring of milk supply quantity and quality, farm conditions (i.e. humidity and temperature) affecting milk production, and milk pickup events across the supply chain
– a Dynamic Pickup Scheduling and Monitoring tool that utilises sensor data reporting milk supply change events to automatically maintain optimal pickup schedules, and pickup events to monitor schedule and process adherence
– a predictive machine learning-based Highly Accurate Forecasting tool for milk quality and quantity that exploits live and long-term historical data from sensors across the supply chain
– a Farmer App that provides milk forecasting together with milk quality and pickup alerts

Swinburne University will also develop and build unique new IoT sensors specifically for Bega Cheese.

"We're excited to see the benefits that IoT can bring to our company. By working with Swinburne University and Software AG, we hope to be able to increase our growth across higher-value premium products thus enhancing the competitiveness for both Bega and our suppliers," said Salman.

"We also aim to increase the company's supply chain sustainability by reducing milk wastage and fuel consumption of our milk transport partners."

The project is expected to run for a period of 12 to 18 months.

About Software AG

Software AG reimagines integration, sparks business transformation and enables fast innovation on the Internet of Things so you can pioneer differentiating business models. We give you the freedom to connect and integrate any technology from app to edge. We help you free data from silos so it's shareable, usable and powerful – enabling you to make the best decisions and unlock entirely new possibilities for growth. Visit our site to learn more Software AG's Cumulocity IoT and webMethods Integration Platform solutions. Learn more about Software AG at www.softwareag.com. Follow us on LinkedIn and Twitter.

About Bega Cheese

Bega Cheese is an Australian diversified food company and one of the largest dairy producers in the country. It was originally founded as a dairy cooperative in 1899 with a number of its shares still held by Bega's farmer-suppliers. Headquartered in Bega, and with manufacturing sites in New South Wales, Queensland and Victoria, over half of Bega Cheese's revenue (as of 2019) comes from its spreads, dairy consumer packaged goods and other grocery products.

Media Contact
Michelle Bong
PRecious Communications
M: +61 422 966 013
E: michelle@preciouscomms.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

WIMI Hologram Cloud setting up Joint Venture to develop Semiconductor Business

HONG KONG, Jul 7, 2020 – (ACN Newswire) – WIMI Hologram Cloud Inc. ('WIMI' or the 'Company') (NASDAQ:WIMI) today announced that its wholly-owned Hong Kong subsidiary WiMi Hologram Cloud Limited ('WiMi Hong Kong') is setting up a joint venture to develop semiconductor business.

The Company believes that the application demand of holographic 3D vision in the semiconductor sector is growing rapidly, representing huge market potential. The establishment of the joint venture is conducive to the expansion of the semiconductor sector and the rapid integration of market resources. Furthermore, it will facilitate the Company's strategies of extending the holographic 3D vision software from the application layer to the chip field and combining software and hardware through the holographic 3D vision software solution, namely, the strategic derivative upgrade to the semiconductor sector. The Company has accumulated technological capabilities in the field of holographic 3D visual software technology, with hundreds of related patents and software copyrights. In the future, the Company plans to develop semiconductor business through integrating with IC design companies with core technology advantage, or through establishing research and development joint venture with chip factory to implement the supply chain upstream of the semiconductor research and development design, technical service and marketing strategies.

In addition to facilitating the rapid growth of the Company's performance, the Company believes that integration with high-quality semiconductor assets or cooperation with chip companies with strong technology will greatly enhance the Company's competitiveness and consolidate the Company's position in the industry of holographic 3D vision software application, thus supporting the its sustained growth in the medium and long term. At present, many technology companies, such as Qualcomm, Mediatek, Nvidia and other companies, have explored opportunities in artificial intelligence, 5G technology, the Internet of things, and other ecological systems. The market demand for upstream suppliers is no longer limited to simple electronic components or products supply. The market has put forward higher requirements of the suppliers' technical service ability, as well as their ability to provide comprehensive solutions and one-stop value-added services. With the increasing demand for holographic 3D vision-related semiconductor application solutions, the Company plans to combine holographic 3D vision application demand scene to provide corresponding semiconductor solutions to meet the market demand, and promote the application and popularization of holographic 3D vision technology in the semiconductor sector.

WiMi plans to invest in the semiconductor sector, acquire semiconductor-related assets and cooperate with chip factory in the future, so as to enhance the Company's technical service capability and retain current customers. At the same time, based on higher value-added technology, the Company will continue to improve its revenue capacity. In the next three years, the Company expects that the joint venture will develop relevant operations in the semiconductor sector, and WiMi is expected to embrace a new development.

About WIMI Hologram Cloud Inc.

WiMi Hologram Cloud, Inc.(NASDAQ:WIMI), whose commercial operations began in 2015, operates an integrated holographic AR application platform in China and has built a comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. Its extensive portfolio includes 4,654 AR holographic contents. The company has also achieved a speed of image processing that is 80 percent faster than the industry average. While most peer companies may identify and capture 40 to 50 blocks of image data within a specific space unit, WiMi collects 500 to 550 data blocks.

Safe Harbor Statement

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws. For more information, please visit http://en.wimiar.com/news/.

Company: WIMI
Name: Tim Wong
E-mail: pr@wimiar.com
Tele: +86 10 89913328

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