Yew Lee Proposes Bonus Warrants and ESOS

IPOH, Malaysia, Oct 25, 2022 – (ACN Newswire) – Yew Lee Pacific Group Berhad (Bursa: YEWLEE, 0248), an established manufacturer principally involved in the manufacturing of industrial brushes as well as trading of industrial hardware and machinery parts, today proposed to undertake a bonus issue of warrants and the establishment of an employees' share option scheme (ESOS) to reward existing shareholders as well as recognise contribution of eligible employees.

Mr. Ang Lee Leong, Managing Director of Yew Lee

The proposed bonus issue of warrants will involve 1 warrant for every 2 existing ordinary shares in Yew Lee held by the entitled shareholders or the issuance of 266,217,800 warrants based on the total issued share capital of Yew Lee of RM67,530,363 comprising 532,435,600 ordinary shares as at the latest practicable date (LPD) of 3 October 2022.

The proposed ESOS to be issued will not exceed 30.0% of the total number of issued shares for eligible employees and directors of Yew Lee and its subsidiaries.

Mr. Ang Lee Leong, Managing Director of Yew Lee, said, "We want to reward existing shareholders for their support by enabling them to participate in warrants that come at no cost to them, and which are tradeable on the ACE Market of Bursa Securities Malaysia Berhad. It also allows them to increase their equity participation in the Company's shares at a pre-determined exercise price over the tenure of the warrants and, benefit from any potential capital appreciation of the warrants."

"The proposed ESOS is to recognise the contribution of eligible employees and at the same time, is part of the Company's plan to develop and expand our human capital. The ESOS will allow us to align the long-term interests of eligible employees with those of shareholders to help achieve Yew Lee's business objectives."

M&A Securities and Eco Asia Capital Advisory Sdn Bhd have been appointed as the principal adviser and financial adviser, respectively to the Company in relation to the proposals, which are expected to be completed by the first quarter of 2023.

Yew Lee Pacific Group Bhd: 0248 [BURSA: YEWLEE], https://yewlee.com.my/

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

Ni Hsin Obtains VTA Approval for Electric Vehicle Bikes

KUALA LUMPUR, Oct 25, 2022 – (ACN Newswire) – Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215), today received the Vehicle Type Approvals (VTA) from Jabatan Pengangkutan Jalan Malaysia under the Malaysia Road Transport Act 1987 for two models of its EBIXON Electric Vehicle Bikes (EBIXON EV Bikes) in the personal and commercial categories namely, the TAILG BOLD and TAILG TORQ respectively.

Khoo Chee Kong, Managing Director of NH EV TECH

NH EV TECH had on 23 March 2022 entered into an Original Equipment Manufacturing Agreement (OEM Agreement) with Dongguan Tailing Motor Vehicle Co., Ltd. (TAILG) for the manufacture of EV Bikes or EV Motorcycles as commonly known in Malaysia.

Under the OEM Agreement, TAILG will manufacture the EV Bikes and deliver components, spare parts and software while NH EV TECH will assemble and test as well as run quality control and commission the EV Bikes in Malaysia.

TAILG, established in China in 2004, specializes in R&D, manufacturing, sales and service of new energy electric vehicles. Its products cover electric bike, electric scooter, electric special bike, electric tricycle and other vehicles. TAILG, which ranks top 3 in China, is recognised as a "Partner of UN Environment E-mobility Programme" and has 7,000 exclusive shops all around the world. TAILG also set the Guinness World Records for the greatest distance by electric scooter, single charge in October of 2020.

The International Trade and Industry Ministry (MITI) had, on 17 March 2022, issued the Manufacturing Licence to NH EV TECH to act as Licenced Manufacturer to carry out 'Manufacture and Assembly of Electric Vehicle Bike' activity at 47, Jalan Taming Dua, Taman Taming Jaya, 43300 Seri Kembangan, Selangor Darul Ehsan as from 29 October 2021 in pursuance of the Industrial Co-ordination Act 1975 (ACT 156).

Khoo Chee Kong, Managing Director of NH EV TECH, said: "With the VTA approvals, NH EV TECH will commence Completely Knocked Down (CKD) assembly of its EBIXON EV Bikes in NOVEMBER 2022 and thereafter we will launch the EBIXON EV Bikes in the Malaysian market."

"The venture into the e-mobility business is in line with the Group's commitment on ESG. The Ni Hsin EV Bikes are the first fully adapted EV Bikes for the domestic personal and commercial market and will create a new standard in clean transport across the country and beyond."

"The focus of the new design is to deliver class-leading carrying capacity, range and top speed in order to encourage mass adoption of zero-emission transport across Malaysia, all while simultaneously avoiding the need for additional infrastructure."

"This is an EV bike tailored for different commercial use-cases such as carrying passengers or cargo with safety at the forefront. It is truly a testament to our commitment to offering world-class EV technology in the ASEAN region."

"Our EBIXON EV Bike models feature a dual swappable battery system offering a combined range of up to 200 km (112 mi). The batteries can be plugged into a home outlet to charge or be swapped at designated battery stations. Additionally, the battery power can be replenished at a public charger."

"Through extensive research and development initiatives in collaboration with TAILG, EBIXON EV Bikes are designed and developed to reach "near cost parity" with internal combustion engine (ICE) motorcycles in the Malaysian market, but at a running cost that's up to 70% lower. EBIXON EV Bikes are designed to suit the Malaysian and regional climate, road conditions and ridership styles while ensuring quality, performance, comfort, handling efficiency and lastly, affordability."

"NH EV TECH is currently working with large commercial motorcycle distribution channels and battery swapping station owners across Malaysia and ASEAN, including financiers for its customers and large commercial fleets," Khoo added.

"We are targeting to sell 50,000 units of EBIXON EV Bikes in Malaysia and ASEAN in the next three years. Demand for EV Bikes in the region is expected to see explosive growth over the next three to 10 years, surpassing Europe and East Asia. This growth is supported by the region's e-commerce market, which is valued at US$2.53 billion in 2022 and is expected to have a compound average growth rate of 20.6% over the five-year period to 2027 according to International Trade Administration data. We will work with local partners in the various countries for the assembly and distribution of EBIXON EV Bikes."

Ni Hsin Group Berhad: NIHSIN [Bursa: 7215] [RIC: NHSN:KL] [BB: NHR:MK], http://www.ni-hsin.com/

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

SCIB Announces Changes at Board Level

KUCHING, MALAYSIA, Oct 25, 2022 – (ACN Newswire) – Civil engineering specialist Sarawak Consolidated Industries Berhad (Bursa: SCIB, 9237) today announced Encik Shamsul Anuar bin Ahamad Ibrahim be redesignated as Independent Non-Executive Chairman with immediate effect.

Encik Shamsul Anuar bin Ahamad Ibrahim, SCIB's new Independent Non-Executive Chairman

Encik Shamsul Anuar said, "I am delighted on the redesignation and I look forward to working even more closely with the team in our journey to transform SCIB to a better, stronger and more sustainable business through our expansion to Peninsular Malaysia and more recently, our exploration into projects in neighbouring Kalimantan, Indonesia."

"We welcome Encik Shamsul Anuar as our new Chairman and look forward to working with him to grow SCIB. His experience in state-owned enterprises will be invaluable to us," Group Managing Director and Chief Executive Officer of SCIB, Encik Rosland bin Othman, said.

Encik Shamsul Anuar, a fellow of the Association of Chartered Certified Accountants and member of the Malaysian Institute of Accountants, was first appointed to the board of the Company on 1 September 2015. He is a member of SCIB's Audit Committee and Remuneration & Nomination Committee as well as Chairman of the Risk Management Committee.

He is currently the Group Corporate Affairs General Manager of Permodalan ASSAR Sdn. Bhd., the holding company of Amanah Saham Sarawak Bhd, a state-owned investment company with a portfolio of investments in financial services, agriculture and resource-based, property development and construction, services and technology, manufacturing, trading and others. He also sits on the BOD of Transnational Insurance Brokers Sdn. Bhd.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

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

Helping to Grow the Work from Cafe Culture in Balestier

SINGAPORE, Oct 25, 2022 – (ACN Newswire) – A newly-established co-working space with food and beverage (F&B) options is aiming to enhance and build on a work from cafe culture in the heart of Balestier, while allowing for hybrid working and interacting with communities within the vicinity.

Located at 355, Balestier Road, Thank You Come Again (TYCA) is a social hub with a cafe and restaurant, and also presents a flexible workspace for residents around the area who have been craving for a comfortable location to call their own as they continue with remote working several days a week. Apart from just providing them a location to get work done, which also includes private work pods for conference calls and livestreaming, TYCA will also curate different kinds of experiences for patrons of the venue, which was officially opened on 22 October.

TYCA, a lifestyle brand created by Cover Projects, which also started the Initial Residence – a service residence at the same location – will also offer F&B options ranging from breakfast all the way to dinner which is a mixture of Mediterranean and contemporary cooking.

TYCA's grab and go provides convenience for people on go. A seasonal menu will be based on classics such as specialty coffee, hot pressed sandwiches, fresh salads and ready to eat pastas and pastries. TYCA will also serve out garden to table dining offerings in partnership with plant stylists The Nature Dialogue and The Initial Residence where a variety of edibles such as kale and basil are grown at the Initial Residence's terrace garden will be used in the preparation of certain dishes at TYCA.

"TYCA's presence at the Initial Residence aims to serve the wider community in Balestier, in addition to the residents who have started calling the serviced residence home. It is a social hub, a food and beverage outlet, a retail and events space all rolled into one," said Mr Lim Keong Wee, managing director of Cover Projects.

"The idea of combining TYCA and The Initial Residence is to create an integrated experience of live, work and play so that patrons can get their work done while experiencing the comfort of living in the city fringes."

The official opening of Initial Residence and TYCA comes at a time when studies are showing that more young Singaporeans, compared with older age groups, are considering renting and flat sharing as they find current property prices too high, according to a consumer sentiment study released by real estate portal PropertyGuru in September.

"The statistics are indicating that there is a demand for comfortable co-living spaces with amenities to boot, and we are aiming to plug that gap with the introduction of Initial Residence and TYCA in the city fringes," added Lim, who also runs an design practice.

Among the fringe activities featured on TYCA's official opening day included a plant-styling workshop by Nature Dialogue, Sake Tasting Experience by Tsunan Brewery and Coffee Workshop by Liberty Coffee. A multi-functional space for individuals, group discussions and learnings will also provided added value for patrons and guests at the facility.

"In time, there will be more fringe activities which we will introduce to TYCA which will benefit patrons, and these will include physical and mental wellness programmes and also a hub for cyclists who ply through the Balestier route," added Mr Lim.

TYCA will also offer an event hall for organisations keen to use the space for corporate or group events. All enquiries can be forwarded to reservations@tyca.com.sg. Follow TYCA on Instagram @tyca_sg and on Facebook @Th4nk.Y0u.C0me.Ag4in.

For media queries, please contact hello@swstrategies.org.

About Thank You Come Again

TYCA is a Singapore-born food and beverage and co-working space outlet in Singapore which serves up contemporary cuisines at affordable prices for working adults. TYCA provides a convenient location along the city fringes for residents of the area and nearby communities to use as location for remote working, and is housed below The Initial Residence. TYCA also aims to curate social experiences such as group dining, plant styling courses and wellness activities for patrons, bringing work and play closer to neighbourhoods.

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

Jonathan Di Bella Wins Vacant ONE Strawweight Kickboxing World Title With Unanimous Decision Over Zhang Peimian

KUALA LUMPUR, Oct 22, 2022 – (ACN Newswire) – ONE Championship(TM) (ONE) returned to the Axiata Arena in Kuala Lumpur, Malaysia, with ONE 162: Zhang vs. Di Bella. The card featured a series of all-striking and MMA matchups along with a battle for the ONE Strawweight Kickboxing World Title.

Zhang Peimian and Jonathan Di Bella [L-R]

ONE Championship, in partnership with leading premium lifestyle and luxury performance brand TUMI, presented the prestigious ONE World Title belt to the World Champion.

ONE 162: Zhang vs. Di Bella Photo Gallery https://tinyurl.com/4nspeasm
Jonathan Di Bella ONE 162 Post-Fight Interview https://tinyurl.com/mr3sps5v

In the main event, ONE Championship newcomer Jonathan Di Bella scored an impressive unanimous decision victory over Chinese teen phenom Zhang Peimian to capture the vacant ONE Strawweight Kickboxing World Title.

Di Bella came out of the gates firing, putting the pressure on Zhang who retreated toward the Circle Wall. As the undefeated Italian-Canadian star pressed on, "Fighting Rooster" opted to lay back and counter, attacking with a myriad of leg kicks. However, Di Bella blitzed Zhang with quick and powerful punching combinations to keep the Chinese fighter honest.

The bout was close leading up to the fifth and final round, but Di Bella pulled away when he connected with a dramatic left head kick that sent Zhang crashing to the canvas. With the 19-year-old on unsteady footing, Di Bella tried to close the show, but both men reached the final bell.

In the co-main event, fifth-ranked flyweight contender and BJJ black belt Reece McLaren put on a striking clinic against Windson Ramos, showcasing a facet of his game that's been continually improving since be began training under Muay Thai legend John Wayne Parr. The 31-year-old from Australia found a home for his straight right hand on Ramos' chin, hurting the Brazilian repeatedly with the same shot. McLaren dominated the striking exchanges throughout, and with Ramos unable to answer the bell for the third round, "Lightning" secured the technical knockout victory.

Constantin Rusu scored his second straight win in the Circle, besting former ONE Lightweight Kickboxing World Title challenger Islam Murtazaev. Rusu was persistent with his offense, pushing the pace against a more timid Murtazaev, who just couldn't find his rhythm. The Moldovian-Russian's unending pressure and activity was enough to earn him the nod from all three judges, as he outworked Murtazaev across three rounds.

Fourth-ranked strawweight contender Gustavo Balart took out former ONE Strawweight World Champion Alex Silva in a closely contested three-round catchweight contest. Silva, a multiple-time BJJ World Champion, took matters to the canvas early, where he had the advantage in the grappling department. The 40-year-old veteran was constantly on the attack with a variety of submissions, but Balart showcased excellent defense on the mat. On the feet, the Cuban connected with a series of clean strikes, highlighted by an overhand left that often hit the mark throughout the contest. In the end, judges saw the bout in favor of Balart to win by split decision. It is his second straight victory over a former ONE Strawweight World Champion after beating Yosuke Saruta last time out.

Former ONE Featherweight Muay Thai World Title challenger Jimmy Vienot took care of business against Niclas Larsen in a heated all-striking battle. Third-ranked contender Vienot was sharp to start the fight, forcing #5-ranked Larsen on the back foot with pinpoint combinations. A cut opened up above Vienot's left eye in the second round, and Larsen turned up the pressure. But as the Danish fighter went on the attack, Vienot regained control in the third and came away with a unanimous decision for his efforts.

Eko Roni Saputra continued his stunning run in the flyweight MMA division, dominating Yodkaikaew Fairtex and then submitting the Thai with a heel hook in the first round. Saputra closed the distance immediately at the sound of the opening bell and successfully took Yodkaikaew to the mat. On the ground, Saputra went to work, locking in the submission just past the two-minute mark to force the tap. It was the Indonesian phenom's seventh straight victory, all coming via first-round finish. Saputra earned a US$50,000 bonus for his performance.

READ: Saputra And McLaren Dominate, Balart Topples Silva In MMA Action At ONE 162 https://tinyurl.com/yc8mu7v7
READ: Rusu, Vienot, Puric Emerge Victorious In All-Striking Action At ONE 162 https://tinyurl.com/35kvapb9

Performance bonus winner: Eko Roni Saputra (US$50,000)

MAIN CARD
Kickboxing – Strawweight: Jonathan Di Bella def. Zhang Peimian via Unanimous Decision
MMA – Flyweight: Reece McLaren def. Windson Ramos via TKO at 5:00 of R2
Kickboxing – Catchweight (173.25 lbs): Constantin Rusu def. Islam Murtazaev via Unanimous Decision
MMA – Catchweight (130.75 lbs): Gustavo Balart def. Alex Silva via Split Decision
Muay Thai – Featherweight: Jimmy Vienot def. Niclas Larsen via Unanimous Decision
MMA – Flyweight: Eko Roni Saputra def. Yodkaikaew Fairtex via Submission (Heel Hook) at 2:16 of R1

LEAD CARD
MMA – Bantamweight: Artem Belakh def. Leandro Issa via Unanimous Decision
Muay Thai – Catchweight (137.5 lbs): Denis Puric def. Tagir Khalilov via Unanimous Decision
MMA – Welterweight: Ruslan Emilbek Uulu def. Ben Wilhelm via Submission (Rear-Naked Choke) at 4:58 of R1

For more updates on ONE Championship, please visit www.onefc.com or follow us on:
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About ONE Championship(TM)

ONE is the world's largest martial arts organization, ranking among the world's top five sports properties for viewership and engagement with a cumulative reach of over 400 million fans, according to Nielsen. ONE produces and distributes world-class events across more than 150 countries, featuring martial artists and World Champions from over 80 nations and all styles of martial arts including MMA, Muay Thai, kickboxing, Brazilian jiu-jitsu, and more. ONE can be viewed on many of the largest global free-to-air and digital broadcasters, including Prime Video Sports, ELEVEN Sports, Star Sports, Beijing TV, iQIYI, One Sports, Abema, IB, NET TV, Vidio, Startimes, Mediapro, Thairath TV, VieOn, Skynet, Mediacorp, Spark Sport, Match TV, Dubai Sports, RedeTV and more.

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

Policy Address 2022: Creating a thriving, vibrant Hong Kong through improved governance and economic diversification

HONG KONG, CHINA, Oct 20, 2022 – (ACN Newswire) – 19 October 2022, HKSAR Chief Executive John Lee today unveiled his first Policy Address, mapping out a bold, comprehensive five-year blueprint for strengthening Hong Kong's competitiveness by building on the city's unique advantages and capturing new growth opportunities.

This comes against the backdrop of China's 20th Party Congress, which opened on 16 October. In his opening address, President Xi Jinping highlighted the crucial role of Hong Kong as he charted China's direction over the next five years, addressing the need to safeguard national security and pursue talent and innovation to give new momentum to development.

In line with the "four proposals" put forward by President Xi, the Chief Executive emphasized the importance of delivering on the sixth-term HKSAR Government's focus areas of injecting impetus into economic growth and tackling deep-seated social issues, while enhancing the level of governance and safeguarding social harmony and stability.

"With these goals in mind, today's Policy Address included a wide array of policies for economic transformation and social welfare in the short, medium, and long term, which will be welcomed by businesses and citizens in Hong Kong," says Deloitte China Southern Region Managing Partner Edward Au.

"The Chief Executive also signaled a focus on enhancing governance capacity and efficacy through a results-oriented approach, tasking top officials to lead key initiatives, and establishing clear KPIs and mechanisms to review progress. This shows the Government's resolve to reform its organizational culture by putting governance at the core of policy making and implementation."

Attracting and developing talent

The Policy Address included a raft of measures on talent, including the launch of the Top Talent Pass Scheme, creation of a Talent Service Unit to be led by the Chief Secretary for Administration, extension of stay for work visas, and enhancements to the Technology Talent Admission Scheme, making it clear that the HKSAR Government views talent as a top priority.

The Top Talent Pass Scheme will enhance Hong Kong's competitiveness in attracting mature global talent. The Government could also consider policies to attract technical scholars and overseas STEAM students, including subsidies, tax incentives, and simplified visa application procedures.

Talent retention and integration are equally crucial. We hope the HKSAR Government will consider support for medical care, housing, and children's education to help global talent integrate better into Hong Kong. For balance and social cohesion, the Government could also create new opportunities for local students and talent through internships and further studies.

The Policy Address mentioned that within next five years, 35% of students at universities funded by the University Grants Committee (UGC) should be studying STEAM subjects and 60% studying subjects related to developing Hong Kong into the "eight centers" under China's 14th Five-Year Plan. As global demand and the required skills for talent are constantly evolving, the Government should work with UGC universities to ensure Hong Kong talent remains competitive and meets ever-changing market needs.

Innovation & Technology as growth drivers

To promote the development of "eight centers" in Hong Kong as outlined in the 14th Five-Year Plan, the Policy Address set out strategic plans to boost the growth of finance, technology, and the arts in Hong Kong, with a view to injecting vitality into the local economy.

Re-industrialization and R&D commercialization initiatives, including the expansion of the Innovation & Technology (I&T) funding program and incentives for I&T companies to establish headquarters in Hong Kong, will enhance the growth of the local I&T ecosystem and encourage closer cooperation between industry, academia, and the research sector.

With the Northern Metropolis and Hong Kong-Shenzhen Innovation & Technology Park, Hong Kong is repositioning itself as an international I&T hub to drive growth in parallel with its long-established financial hub. Looking ahead, we would like to see cross-border connectivity and support strengthened to better integrate Hong Kong startups into GBA networks, particularly in legal advisory and professional services for startups seeking expansion.

Diversification of capital markets

We welcome the proposed revitalization of GEM and a listing regime for pre-earnings and/or pre-revenue large-scale advanced technology enterprises. This will form a more diverse, effective multi-tier platform for companies' funding needs in different stages, and further Hong Kong's I&T ecosystem. To further enhance efficiency and effectiveness, and maintain Hong Kong's leadership as an international listing venue, Hong Kong should deploy technology continuously to transform market infrastructure like the upcoming IPO settlement modernization.

We also hope the Government will consider more tax and other initiatives to further promote the bond market and enhance market infrastructure, liquidity, and investor diversity, given the bond market is also key to Hong Kong's status as an international financial center and the goal of building Hong Kong into a regional hub for sustainable finance.

Boosting green finance

Hong Kong is in a unique position to develop a robust carbon credit standard and trading platform of high integrity, to achieve recognition from international and Mainland markets. In keeping with international trends, Hong Kong could continue to strengthen disclosure requirements on climate risks, net zero targets, and ESG.

As an international green finance hub, the Government could consider further incentives in relation to the cost of raising green funds. Hong Kong could also accelerate the development of carbon exchange and deploy existing channels, such as Bond Connect and Stock Connect, to bring in international investors to the Mainland, and connect Mainland investors with international markets.

Enhancing Hong Kong's tax competitiveness

We are pleased to see the Government introduce tax measures to attract talent and investment, such as the refund of extra stamp duty to eligible incoming talents, family office tax incentive, and enhancement of preferential aircraft leasing. We look forward to proposals on tax measures to attract high-potential and representative strategic enterprises to Hong Kong.

To enhance tax competitiveness, the Government could consider offering tax relief for intellectual property income, relaxed tax deductions on R&D spending, and reducing stamp duty on stock transfers to its original level to attract overseas company listings.

Striving toward carbon neutrality

We welcome the continued commitments to halving emissions before 2035 and carbon neutrality before 2050. To achieve this, all the infrastructure developments in the Policy Address should take account of the city's decarbonization targets, with in-built pathways to net-zero that make all development green development.

Hong Kong should use the best possible carbon accounting standards and metrics, and ensure that business and finance also use leading climate risk monitoring, reporting, and verification measures. This will enhance its role as a regional center for green technology, green finance, and carbon markets.

Alongside production-based carbon accounting, Hong Kong, which depends almost entirely on imports of food, consumer goods, energy, equipment, and raw materials, could consider preparing statistics on consumption-based emissions. Better information on this embodied carbon can encourage responsible consumption and complement plans to boost local agriculture.

Regulatory challenges brought by new technological developments

We support measures to facilitate cross border technological collaboration, including the introduction of a new regulatory regime for virtual assets, studying the feasibility of a regime for stablecoins, and reinforcing the protection of intellectual property rights.

To further support innovation, we hope the Government could continue to review possible regulatory issues arising from new fintech developments, including streamlining the regulatory framework to address complex legal issues around activities in the Metaverse, and developing specific data ethics rules and guidance for the use of artificial intelligence (AI) and cloud computing.

About Deloitte China

Deloitte China provides integrated professional services, with our long-term commitment to be a leading contributor to China's reform, opening-up and economic development. We are a globally connected and deeply locally-rooted firm, owned by its partners in China. With over 20,000 professionals across 30 Chinese cities, we provide our clients with a one-stop shop offering world-leading audit & assurance, consulting, financial advisory, risk advisory, business advisory and tax services.

We serve with integrity, uphold quality, and strive to innovate. With our professional excellence, insight across industries, and intelligent technology solutions, we help clients and partners from many sectors seize opportunities, tackle challenges, and attain world-class, high-quality development goals.

The Deloitte brand originated in 1845, and its name in Chinese denotes integrity, diligence and excellence. Deloitte's professional network of member firms now spans more than 150 countries and territories. Through our mission to make an impact that matters, we help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society, and a sustainable world.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms, and their related entities (collectively, the "Deloitte organization"). DTTL (also referred to as "Deloitte Global") and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients.

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region.

Please see www.deloitte.com/about to learn more.

Disclaimer

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms or their related entities (collectively, the "Deloitte organization") is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.

2022. For more information, please contact Deloitte China.

Contact: Ashley Leung
Tel: +852 2109 5261
Email: asleung@deloitte.com.hk

Contact: Lyanna Chan
Tel: +852 2238 7111
Email: lyachan@deloitte.com.hk

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

ARMA International and RIMPA Global Announce Formation of an International Consortium to be Voice of Information Governance Globally

Nashville, TN, Oct 19, 2022 – (ACN Newswire) – This past April ARMA International announced a Global Partnership with the Records and Information Management Professionals Australasia (RIMPA Global), the longest serving peak body for industry practitioners in the southern hemisphere to better serve the information management profession worldwide. The global partnership between these two leading worldwide organizations provides many benefits to their collective 7,000 members who now have the opportunity for joint membership in both organizations; access to reciprocal resources including communities and professional development, education, and certifications; and advocacy for the information management and information governance profession. Together the two organizations are working together to provide a unique perspective on global information issues.

"Through this relationship we have begun the formation of an international consortium to be voice of information governance globally. This new body is vital to Advocate for the industry and Build a Global Community for the Information Management Profession. By bolstering thought leadership, supporting the career advancement of information professionals by establishing standards and increased awareness; and establishing this global community bolstered by strong partnerships, we will move the industry forward and achieve together, what we cannot apart," explained Nathan Hughes, Executive Director, ARMA International.

The two organizations have already begun collaborating. Nathan Hughes, Executive Director of ARMA and Wendy McLain, President of ARMA attended the RIMPA Live 2022 Convention, in June in Canberra, Australia, and participate in meetings with the RIMPA Global Board. Anne Cornish, Chief Executive Officer of RIMPA Global and Thomas Kaufhold, Chair of the Board of RIMPA Global attended ARMA's InfoCon 2022, held this week in Nashville, TN, and participated in meetings with the ARMA Board.

ARMA International (www.arma.org), formed in 1955, is the world's leading membership organization serving almost 5,000 professionals who manage and govern information in 52 countries. Members represent the community of records management, information management, and information governance professionals who harness the benefits and reduce the risks of information. ARMA provides information professionals with the resources, tools, and training they need to effectively manage records and information within an established information governance framework. Works that are associated with the framework include the Principles, the Information Governance Maturity Model and the Information Governance Body of Knowledge (IGBOK). ARMA recognizes professionals who have mastered these concepts through the Information Governance Professional (IGP) Certification.

The Records and Information Management Professionals Australasia (RIMPA Global) (www.rimpa.com.au/) established in 1969, represents over 2,000 professionals and organizations in the private sector, Commonwealth, Federal, State and Local Governments. RIMPA Global has active Branches and Chapters operating in all states and territories across Australia and New Zealand. RIMPA Global is the longest serving peak body for industry practitioners in the southern hemisphere and actively promotes best practice, sets industry standards and fosters professional development across all business sectors and educational institutions. Through its international partnerships with other peak bodies, RIMPA Global provides its members with access to an accomplished framework of professional associations. RIMPA Global has strategic alliances with the Information Governance ANZ, Institute of Managers and Leaders (IML), Australian Library and Information Association (ALIA), Australian Society of Archivist (ASA) and Leadership Through Data.

For further information, contact:
Amy Riemer, Media Relations Representative
978-475-4441 (office) or 978-502-4895 (cell)
amy@riemercommunications.com

SOURCE: ARMA International

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

HKTDC’s five autumn technology fairs conclude

HONG KONG, Oct 16, 2022 – (ACN Newswire) – The physical elements of the five autumn technology fairs organised by the Hong Kong Trade Development Council (HKTDC) drew to a successful conclusion today. The four-day exhibition attracted more than 9,800 buyers to attend the fairs in person at the Hong Kong Convention and Exhibition Centre to view products and discuss business opportunities.

The physical elements of the five autumn technology fairs organised by HKTDC, held at the Hong Kong Convention and Exhibition Centre, drew to a successful conclusion today.

The Symposium on Innovation & Technology invited industry experts to examine the latest tech development trends.

The So French So Innovative pavilion organised a series of seminars themed "French Eye-Fresh Eye – Towards a Sustainable Future".

This year's fairs adopted the HKTDC's new EXHIBITION+ hybrid model, with the Click2Match platform providing a smart business-matching function to help build connections between exhibitors, buyers and industry professionals worldwide. As of today, the HKTDC has arranged more than 3,000 business-meeting sessions through Click2Match while over 10,000 buyers have browsed products and made business connections via the five fairs' online platforms. Click2Match will remain active until 23 October for the five fairs.

Sophia Chong, Deputy Executive Director of the HKTDC, said, "The five autumn technology fairs featured more than 1,100 exhibitors, over 340 of which are online exhibitors from Mainland China and overseas, showcasing numerous creative ideas, smart products and innovative solutions that can benefit Hong Kong's future development. The fairs were the first business-to-business (B2B) exhibitions held following the Hong Kong government's implementation of the '0+3' quarantine arrangement and we were delighted to see some of the international buyers gradually returning to our physical events. The HKTDC will continue to provide comprehensive support to Hong Kong's small and medium-sized enterprises (SMEs), assisting them to connect with global buyers and capitalise on post-pandemic business opportunities."

She added: "The HKTDC will launch an international innovation and technology (I&T) promotion campaign on a larger scale next April. The goal is to further promote Hong Kong's technological development and the complementary advantages of the Guangdong-Hong Kong-Macao Greater Bay Area industrial chain, contributing to the city's transformation into an international I&T hub."

Industry more optimistic regarding medium-term outlook for I&T sector

The HKTDC conducted an on-site survey during the fairs to understand exhibitors' and buyers' views on the outlook for the I&T sector and what they expect the major trends to be. The survey found that 35% of respondents expected product sales will increase in the next six to 12 months, while 47% anticipated that sales will remain unchanged. Respondents were more optimistic about market conditions in the medium term; 46% expected that sales of their products will increase in the next one to two years, while 42% believed sales will remain unchanged.

The rapid development of technologies presents enormous business opportunities. More than 70% of those surveyed expected that the smart lighting market will present ideal market potential in the coming two years, while 60% saw robotics offering the best growth prospects. As for the application of robots, most respondents believed their use in the medical field has the greatest potential, including for surgery and rehabilitation.

Demand for smart products continues to grow

Presented under the theme "Innovations for Better Living", the five autumn technology fairs brought together exhibitors and industry professionals from across the globe, offering Hong Kong's start-ups an important platform to showcase their I&T solutions and generate business opportunities. Stang Limited, a Hong Kong start-up joining the HKTDC Hong Kong Electronics Fair (Autumn Edition) for the first time, featured its Qoolmate, an ice pack incorporated with a thermal thick film integrated circuit. Sidney Tang, the company's project manager, said they had met more than 100 potential buyers from Hong Kong, Europe, Japan, Korea, Mainland China and the United States through the fair. He revealed that one Japanese buyer will order 500 sets of Qoolmate once Stang has obtained the necessary safety certifications from authorities in different regions.

Five fairs assemble top-notch technologies, attracting global buyers to source onsite

Following the implementation of the "0+3" quarantine arrangements, overseas visitors with an Amber Code are able to participate in B2B exhibitions in Hong Kong during their three days of medical surveillance. The five autumn fairs welcomed buyers from India, Japan, Korea, the Philippines, Poland and Thailand, among other countries and regions, to source at the fairground. Przemyslaw Kowalczyk, a buyer at Polish company LEDIN Sp. z o.o., said he was able to return to the HKTDC Hong Kong International Lighting Fair (Autumn Edition) thanks to the HKTDC's support. "I am pleased to have a chance to visit the fair again this year. I have found two potential suppliers of tri-proof lights and garden lights. I plan to do business with one of the suppliers and place an order for US$1 million worth of tri-proof lights next year."

Smart business-matching platform builds global opportunities

The five autumn technology fairs all adopted the new EXHIBITION+ hybrid model that combines four key exhibition elements, including HKTDC-organised physical fairs, the smart business-matching platform Click2Match, online-to-offline seminars under the Intelligence Hub, and the hktdc.com Sourcing platform. LED Lighting & Energy Storage Systems, an importer of commercial and industrial lighting from the US, was looking to develop partnerships with new suppliers through the fairs in order to offer quality lighting solutions to its customers.

Jorge E Cruz, the company's representative, said he found six or seven potential business partners supplying smart lighting solutions, landscape lighting and smart downlights at the physical Autumn Lighting Fair and the HKTDC Hong Kong International Outdoor and Tech Light Expo. He plans to place orders with three potential suppliers. "The online meetings arranged through the HKTDC's Click2Match platform provided a good option for me to meet with suppliers that are not participating in the physical fairs. I will have online meetings with six suppliers after the physical fairs," Mr Cruz said.

Nearly 50 content-rich events were held during the fairs, including the Symposium on Innovation & Technology, the Hong Kong Electronic Forum and seminars held by the So French So Innovative pavilion and the B4B Challenge pavilion respectively, with visitors keen to participate. Industry professionals can watch videos of the events through the fair websites.

Following on from the five autumn fairs, the HKTDC will coordinate the first edition of International Healthcare Week in November to promote medical technologies, with two flagship events: the HKTDC Hong Kong International Medical and Healthcare Fair 2022 (9 to 11 November for the physical fair) and the Asia Summit on Global Health 2022 (10 and 11 November). The objectives are to spur industry exchange and generate business opportunities in this increasingly important sector.

*The five autumn technology fairs are the HKTDC Hong Kong Electronics Fair (Autumn Edition), electronicAsia (organised by the HKTDC and MMI Asia Pte Ltd), HKTDC International ICT Expo, HKTDC Hong Kong International Lighting Fair (Autumn Edition) and HKTDC Hong Kong International Outdoor and Tech Light Expo.

Websites
– Hong Kong Electronics Fair (Autumn Edition): https://hkelectronicsfairae.hktdc.com
– electronicAsia: www.electronicasia.com
– International ICT Expo: https://ictexpo.hktdc.com
– Hong Kong International Lighting Fair (Autumn Edition): https://hklightingfairae.hktdc.com
– Hong Kong International Outdoor and Tech Light Expo: https://hkotlexpo.hktdc.com
– Highlight product lists: https://bit.ly/3rc6pLp
– Photo download: https://bit.ly/3MDOVSo

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 Communications & Public Affairs Department:
Snowy Chan, Tel: +852 2584 4537, Email: snowy.sn.chan@hktdc.org
Frankie Leung, Tel: +852 2584 4298, Email: frankie.cy.leung@hktdc.org

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

InvestHK’s Investment Promotion Week aims to lift foreign companies’ awareness of Hong Kong’s business opportunities

HONG KONG, Oct 14, 2022 – (ACN Newswire) – Invest Hong Kong will launch a series of themed seminars to provide foreign companies and business chambers with the latest updates about the city's dynamic business environment, enduring global hub status and business opportunities arising from growing ties with the Mainland.

As part of the official celebrations of the 25th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR), the five-day Investment Promotion Week will run in a hybrid format from October 17 to 21 at the Hong Kong Convention and Exhibition Centre and online. It will feature five thematic days – Financial Services/Business Professional Services/FinTech, Innovation and Technology, Lifestyle and Creative Industries, Startup – Sustainable Futures, and the Greater Bay Area – with over 120 speakers sharing insights and experiences in their respective areas.

The Chief Executive, Mr John Lee, and the Financial Secretary, Mr Paul Chan, are offering full support for the event and hope it will reinforce foreign investors' understanding of the city's enduring business advantages and highlight the new and emerging business opportunities.

Mr Lee said, "Hong Kong is the world's freest economy and an international financial, trading and shipping centre. We are always welcoming companies and investors from all over the world. With the full support of the Central Government, as well as the plentiful opportunities under such national strategies as the National 14th Five-Year Plan and the Greater Bay Area development, Hong Kong is the best choice for b usiness operations and expansion plans."

Mr Chan said, "Under 'one country, two systems', Hong Kong has a distinctive status and advantages: we have unparalleled and privileged access to the Mainland market, while remaining a free and open market economy with the common law system. And moreover, the HKSAR Government is committed to creating a strong impetus for economic development, by combining the strengths of a proactive government and an efficient market. We are sure that businesses from all over the world will be able to tap the vast opportunities Hong Kong and the Mainland offer."

The Director-General of Investment Promotion, Mr Stephen Phillips, said, "This is a week not to be missed for those who want to learn about the key trends shaping global investment and how Hong Kong can help in capturing these opportunities. Participants will gain first-hand insights and pragmatic advice in all these important areas where we are witnessing tremendous growth – not only in Hong Kong, but in Mainland China and the region as a whole."

For more details of Investment Promotion Week, visit www.investhk.gov.hk/en/investment-promotion-week.html.

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

InvestHK’s Investment Promotion Week aims to lift foreign companies’ awareness of Hong Kong’s business opportunities

HONG KONG, Oct 14, 2022 – (ACN Newswire) – Invest Hong Kong of the Hong Kong Special Administrative Region will launch a series of themed seminars to provide foreign companies and business chambers with the latest updates about the city's dynamic business environment, enduring global hub status and business opportunities arising from growing ties with the Mainland.

As part of the official celebrations of the 25th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR), the five-day Investment Promotion Week will run in a hybrid format from October 17 to 21 at the Hong Kong Convention and Exhibition Centre and online. It will feature five thematic days – Financial Services/Business Professional Services/FinTech, Innovation and Technology, Lifestyle and Creative Industries, Startup – Sustainable Futures, and the Greater Bay Area – with over 120 speakers sharing insights and experiences in their respective areas.

The Chief Executive, Mr John Lee, and the Financial Secretary, Mr Paul Chan, are offering full support for the event and hope it will reinforce foreign investors' understanding of the city's enduring business advantages and highlight the new and emerging business opportunities.

Mr Lee said, "Hong Kong is the world's freest economy and an international financial, trading and shipping centre. We are always welcoming companies and investors from all over the world. With the full support of the Central Government, as well as the plentiful opportunities under such national strategies as the National 14th Five-Year Plan and the Greater Bay Area development, Hong Kong is the best choice for b usiness operations and expansion plans."

Mr Chan said, "Under 'one country, two systems', Hong Kong has a distinctive status and advantages: we have unparalleled and privileged access to the Mainland market, while remaining a free and open market economy with the common law system. And moreover, the HKSAR Government is committed to creating a strong impetus for economic development, by combining the strengths of a proactive government and an efficient market. We are sure that businesses from all over the world will be able to tap the vast opportunities Hong Kong and the Mainland offer."

The Director-General of Investment Promotion, Mr Stephen Phillips, said, "This is a week not to be missed for those who want to learn about the key trends shaping global investment and how Hong Kong can help in capturing these opportunities. Participants will gain first-hand insights and pragmatic advice in all these important areas where we are witnessing tremendous growth – not only in Hong Kong, but in Mainland China and the region as a whole."

For more details of Investment Promotion Week, visit www.investhk.gov.hk/en/investment-promotion-week.html.

About Invest Hong Kong

Invest Hong Kong is the department of the HKSAR 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