HONG KONG, Jul 26, 2022 – (ACN Newswire) – A&S (HK) Logistics Limited, the wholly-owned subsidiary of A & S Group (Holdings) Limited ("A & S Group" or the "Group", Stock Code: 1737.HK) formally signed the memorandum of cooperation with Vocational Training Council ("VTC") on July 15 to launch the "Vocational Logistics Education Program." The purpose of this program is to attract more younger people to join the logistics industry, building a cohort of talented individuals to grasp the business opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area.

Under the support from the government and the industry, VTC will add its "Earn & Learn Scheme" into its Aviation and e-Logistics Higher Diploma Programme in the 2022-23 academic year. The Curriculum covers areas such as the basics of air cargo operations, special cargo handling, aviation safety and security, and e-commerce and logistics management. Scholars will receive on-the-job training during their period of study to better understand the latest knowledge and technology applications in the industry.

To allow more younger people to be aware of the latest information in the industry, VTC organised the "e-Commerce and Logistics Talent Day" on July 15 at Haking Wong Campus of the Hong Kong Institute of Vocational Education to introduce industry developments and course information. At that time, A&S (HK) Logistics Limited together with VTC also officially signed the memorandum of cooperation to launch the "Vocational Logistics Education Program."

As one of the leaders in the transportation and logistics industry, A & S Group has always deeply valued cooperative social responsibility and recognised that the younger generation needs the support of higher education institutions and enterprises to grow into pillars of society. With its expertise and quality services, the Group's subsidiary A&S (HK) Logistics Limited is extremely honoured to be invited by VTC to collaborate on the "Vocational Logistics Education Program," fulfilling its cooperative social responsibility by providing on-the-job training, the latest knowledge and technology applications for the scholars in the programme. The Company hopes to increase their performances through on-the-job training to achieve a win-win situation for both the enterprise and the scholars' careers, and to attract more aspirants to join the transportation and logistics industry to ease pressure on labour demand.

Strategic Use of Digital Technology in Training

In recent years, many businesses and industries began to adapt various digital technologies. For instance, a VR booth was set up on "e-Commerce and Logistics Talent Day" for the Aviation and e-Logistics course under the Higher Diploma, demonstrating how scholars can experience different air cargo working environments in an interactive and 360-degree immersive four-dimensional realm. Training exercises such as establishing air cargo boards, handling special specifications, and temperature-controlled and dangerous goods were also included.

As a pioneer in the industry, A&S (HK) Logistics Limited strongly encourages the use of digital technology in daily company operations to boost productivity. The Company is pleased to contribute to this project and assist its scholars, enriching VTC's course curriculum by adding data-analysis-related content, teaching scholars data collecting methods to analyse customer spending behaviours and managing such databases through smart digital devices.

Dr. LAW Kwok Leung, Chairman and Executive Director of A & S Group said, "As a pioneer in the air cargo industry, the Group and the Company will fully support VTC. We aspire to attract more interested individuals to join the program to learn more about the air cargo business. To match the future opportunities in the industry, we aim to increase scholars' technical skills and ultimately nurture a group of talented workers. Looking forward, we shall continue providing professional, reliable, and quality services for its clients. By actively grasping the business opportunities presented in the Guangdong-Hong Kong-Macao Greater Bay Area, it will not only benefit its stockholders but also give back to society."

About A&S Group (Holdings) Limited
Founded in 2002, A & S Group provides air freight forwarding ground handling services with its facilities at its rented warehouse premises with areas of approximately 235,293 sq. ft. in the Airport Freight Forwarding Centre. The Company also provides air cargo terminal operating services at the Cathay Pacific Cargo Terminal ("CPCT"), being one of the three air cargo terminals operating in Hong Kong. Maintaining a fleet of 56 cargo trucks and vans being installed with GPS tracking system and a sizable labor force, A & S Group is one of the very few relatively large players in the respective markets. With a reputation of being professional, reliable, and efficient, it wins contracts from customers including leading global logistics companies, major freight forwarding agents and the operator of CPCT.


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HONG KONG, Jun 14, 2022 – (ACN Newswire) – GOGOX HOLDINGS LIMITED, a major online intra-city logistics platform in Asia, announced the details of its proposed listing on the main board of The Stock Exchange of Hong Kong Limited. The Group plans to offer a total of 31,200,000 Shares under the Global Offering (subject to the Over-allotment Option). The offer price is HK$[21.50] per Share. The Hong Kong Public Offering will commence on 14 June 2022 (Tuesday) and end at 12:00 noon on 17 June 2022 (Friday). The dealing of the Group's shares is expected to commence on the Main Board of HKEX on 24 June 2022 (Friday) under the stock code of 2246.

The Group operates in more than 340 cities across five countries and regions in Asia, namely mainland China, Hong Kong, Singapore, Korea and India. According to Frost & Sullivan, the Group is the third largest online intra-city logistics platform in mainland China and the market leader in Hong Kong with a market share of 50.9%, each in terms of GTV in 2021. The Group owns and operates two highly-recognized, well-trusted brands: Kuaigou Dache in mainland China and GOGOX in other countries and regions in Asia. Its service offerings consist of platform services, enterprise services, and value-added services.

Despite the impact of the COVID-19 pandemic, its overseas business saw robust growth during the Track Record Period and its revenue contribution was increasing steadily. The revenue generated from the Group's overseas business accounts for 26.5%, 35.4%, 47.1% and 48.0% of the Group's total revenue in 2018, 2019, 2020 and 2021.

Highly scalable business model

Armed with highly-recognized brands – Kuaigou Dache in mainland China and GOGOX in overseas markets, the Group has established competitive edges in user base, operational efficiency and technologies. Operating on a technology-driven, asset-light business model, the Group has established its business and expanded market presence cost effectively with a proven track record to show. In mainland China, when the Group enters a new city, it will deploy on-the-ground sales personnel to quickly build the local user network. In overseas markets, the Group has collaborated with 48 local partners by the end of 2021, which are traditional logistics companies with established customer network, domain knowledge, and technical know-how, complementary to the Group's flexible logistics capacity.

Owns advanced technological capabilities and proven track record in serving enterprise customers

The Group uses advanced technology and AI-driven algorithms to create elastic logistics solutions that can quickly and efficiently respond to dynamic user needs. Its advanced matching system and routing technologies help the Group optimizes its service fees, shipping fares paid by shippers, driver's earnings and ultimately its financial performance.

GOGOX has extensive experience in providing services to enterprise customers, which differentiates it from its competitors. The Group expands its user base by providing tailored logistics solutions to meet the ever-changing demands of logistic support from enterprises in various industries. Thus, it has been able to continuously increase in its user base, enhanced the stickiness of enterprise customers and improve their satisfaction. Over four years, between 31 December 2018 and 31 December 2021, its enterprise customers had more than doubled from 16,000 to 39,000, covering SMEs and large enterprises.

Expands service network with asset-light model and broadens enterprise customer and driver base

The Group plans to further increase its share in existing markets, and to explore other potential markets in the Asia-Pacific region through strategic cooperation, investments and acquisitions. The Group also plans to continue to focus on cultivating its enterprise customer base and to increase revenue contribution from enterprise services. It will also further explore the logistics needs of enterprise customers in emerging industries, such as social e-commerce, and community group purchasing services, and provide more diversified services, including cold chain transportation, special transportation requirements and reverse logistics.

Explores different monetization opportunities and strives to become a one-stop logistics platform

The Group aims to become a one-stop logistics platform and intends to expand scope of value-added services provided to shippers, drivers and other participants in its ecosystem to accelerate flywheel effects. The Group also intends to supplement its service offerings and further grow its business ecosystem by introducing additional third-party service providers, such as automobile manufacturers and dealers and fuel station operators, allowing it to improve user retention and increase monetization channels.


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BANGKOK, May 16, 2022 – (ACN Newswire) – Kerry Express (Thailand) PCL (SET: KEX) Chief Executive Officer, Mr. Alex Ng discusses the company's strategy behind its achievement as the leading express parcel delivery in the country in The Executive Talk (TET) by ShareInvestor.

1. Last year, the COVID-19 pandemic massively affected the economy. How has it challenged your business, and how did you cope with it?

Many people understand that Kerry must benefit from COVID-19 because more and more people shop online during the lockdown. Therefore, we have to deliver these parcels to their homes. So yes, in terms of business growth, we have experienced recorded high business growth in the past couple of years. But generally speaking, we do not like Covid-19. It disturbed our daily operations in a very big way. The supply of manpower, truck movement, and resource management planning got very difficult. Therefore, we all hope that the Covid-19 crisis will end soon.

However, I must admit that we managed the crisis very well while many transportation, logistics, and express companies did not effectively plan or overprepare for the situation. You may have read on the news that some companies got disrupted. Some had to suspend their sorting processes, while others even had to close their warehouses. But Kerry maintained very good continuity during COVID-19. It is payback for our dedication and well-plan. We now work 24-7, 365 days, and have no holidays.

2. What do you think has proved your market-leading position in Thailand?

First of all, we are the listed company with strong capital. As many logistics companies struggle with financial difficulties, Kerry Express focuses on improving our operations, such as business strategy and human development. So, we are more focused. At the same time, we are not very bureaucratic. While many listed companies or large corporations can be very bureaucratic, Kerry is an entrepreneurial organization with high mobility and flexibility, which is one of our strengths. However, the most important thing for me is that Kerry Express is very customer addicted. If you sit in any of our meetings, we always talk about how to make our customers happier and happier, how to make our great operations even better. We always want to be a better person, better company than yesterday.

3. What do you see as the major threats these days?

As you know, we are in wartime. Indeed, the oil price does not affect us very much. On the contrary, we spend less on fuel costs because of our reengineering, making our delivery and transportation more efficient. But if oil prices continue to increase, it will probably bring high pressure on our finances and operation sooner or later. Therefore, we are working very hard to be more efficient and rely less on fuel.

In addition, another issue for Thailand and this region is human capital. Today it is getting harder to find the right talent to work for a corporation. It's not because they're not smart or young people are not hard-working or progressive. But today, it's very dynamic, and the working culture is different from ten years or two decades ago. So, I think a corporation like Kerry needs to change to a new paradigm. It seems employees embrace much more individuality than they were twenty years ago. The relationship between employer and employee becomes more parallelly. Consequently, we have tried to adjust ourselves, such as a friendly workplace. We try to make our office and working environment much happier for the employees so that we get the best talents in the country and the region. People are our only asset, I would say.

4. How would you enlarge your business ecosystem? Will any new services be coming this year or in 2023?

We will never stop developing new products and services. Express and parcel delivery remains our core business. But the expansion of new services will bring more users and sticky users. You would have heard that we're launching a new service that delivers frozen and chilled products called "Kerry Cool." No one is doing it seriously in the country. And most recently, we have just announced a new service with Central Group, "Kerry XL." We are moving larger items like furniture and gym devices. So, we are creating a new delivery platform that does not overlap with our existing service.

Furthermore, we are also developing a non-delivery platform rapidly. We have built a new payment platform called "Kerry Wallet" that combines various payment methods, including credit cards, top-up wallets, and PromptPay's QR Code system. Because during the Covid-19, a number of users have turned to cashless payment. We are happy to contain these users within Kerry Wallet, so they enjoy better and more convenience.

5. How have you prepared to enter digital technology dynamics?

From my perspective, preparing for the digital economy is not one of the exercises. Indeed, Kerry has never stopped digitalizing since day one. Can you imagine we were the first to invent cash-on-delivery in Thailand? And it's us again who started the QR Code payment on delivery. We doubt many people know, but our frequent customers have gradually turned to this payment method. We are a very innovative company. We will not announce it as a showcase because this kind of thing is not a showcase but a real necessity for the company's development.

6. Can you tell us about "HI-STEP", Kerry Express's core value?

"HI-STEP" is our motto, not created by the management but by most employees about eight years ago in the workshop. H stands for honesty, I for innovation, S for service mind, T for teamwork, E for execution, and last but not least, P stands for positivity because we want our people to be positive-minded, not negative-minded. These are elements or core competence that we believe Kerry people shall possess. They even composed a song about it. You can listen on YouTube. ( https://youtu.be/pi32iVaCdvs )

About The Executive Q&A Series

The Executive Q&A Series is presented by ShareInvestor, Asia's leading financial internet media and technology company and the largest investor relations network in the region. For more information, email admin.th@shareinvestor.com. Website: www.ShareInvestorThailand.com

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HONG KONG, May 9, 2022 – (ACN Newswire) – Janco Holdings Limited ("Janco" or the "Group"; Stock Code: 8035), a comprehensive freight forwarding and logistics services provider founded and based in Hong Kong with a strategic focus on Asia, has today announced its 2022 unaudited results for the three months ended 31 March 2022 ("Period under Review").

During the Period under Review, the Group's total revenue amounted to approximately HK$135.0 million, representing a year-on-year increase of 3.8%. Profit attributable to shareholders of the Group and gross profit amounted to HK$4.5 million (Q12021: HK$5.4 million) and HK$18.5 million (Q12021: HK$19.6 million) respectively for the three months ended 31 March 2022.

Driven by the increase in shipment volume of orders from both existing and new customers during the Period under Review, revenue from ocean freight forwarding services rose by approximately HK$11.9 million. Revenue generated from ancillary logistics services increased by approximately HK$1.7 million. However, the revenue growth was partially offset by the revenue decline of air freight forwarding services and e-commerce fulfillment services. The decrease in gross profit was mainly due to a drop in e-commerce fulfillment services income while there was no decrease in e-commerce fulfillment services costs.

The Group is devoting huge efforts to further develop and secure a higher market share in the e-Commerce and Fulfilment Services division, where solid positive growth can be seen. Looking ahead, the Group is evaluating investment in appropriate logistics hubs in order to complement their logistics and warehousing services. The Group is also constantly enhancing the selection of solutions, to cater for different needs, while boosting efficiency and customer satisfaction ratings. Constant improvement and market attention would enable the Group to capture opportunities arising from cross border e-commerce traffic from mainland China and overseas; and form the cornerstone to become a major regional logistics services provider.

About Janco Holdings Limited (Stock code: 8035)
Established in 1990, Janco Holdings Limited is a Hong Kong-based third party logistics (3PL) company that principally engages in freight forwarding and the provision of comprehensive logistics services. The Group has become a global freight forwarder, providing innovative and technology-driven end-to-end solutions consistent with being an integrated logistics specialist. Its business covers five segments, including cross-border e-commerce logistics solutions, freight forwarding, contract logistics, pharmaceutical and healthcare, and express. In addition, the Group is able to offer a truly global logistics network to customers. For details, please visit: www.jancofreight.com



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HONG KONG, Apr 25, 2022 – (ACN Newswire) – Janco Holdings Limited ("Janco" or the "Group"; Stock Code: 8035), a one-stop freight forwarding and logistics service provider founded and based in Hong Kong with a strategic focus on Asia, announced its 2021 audited annual results for the year ended 31 December 2021 ("Year under Review").

During the Year under Review, the Group's total revenue amounted to approximately HK$569.0 million, representing a year-on-year increase of 16.7%. Profit attributable to shareholders of the Group amounted to HK$17.3 million, a 54.5% surge relative to the same period last year. Gross profit increased by 18.5% to approximately HK$76.7 million for the year.

Due to a rebound of the shipment volume to normal after a significant drop due to COVID-19 during the previous year, revenue from ocean freight forwarding services increased by approximately HK$34.3 million. As for e-commerce fulfillment services, its revenue increased by approximately HK$77.4 million, mainly attributable to an increase in orders from both new and existing customers during the year. However, the revenue growth was partially offset by the revenue decline of air freight forwarding services, ancillary logistics services and e-commerce trading services. The increase in gross profit was mainly attributable to the increase in e-commerce courier services income outweighing the increase in e-commerce courier services costs and the decrease in warehouse direct costs outweighing the decrease in logistics service income.

Emerging technologies and innovative applications have taken the Logistics Industry to ever challenging advances. The Group has taken steps in stages developing appropriate products and services currently and for the near future. Those offerings included the 8035 Tennichi Active Water for disinfection, and investment was made in proprietary conversion and packaging facilities, which is already available in the market from spring 2022 and creating revenues to the Group. For Cold Chain Logistics, the Group has begun procuring temperature and environmental control technologies required in movement and storage of pharmaceutical, comestible, and beauty care products. As for Fintech Logistics, the Group is committed to establishing Logistical Funding Resources to be able to attach into new era of products, and to be prepared for the integration of big data solutions, artificial intelligence applications and blockchain Composites. Furthermore, the Group is putting much effort into further developing the e-Commerce and Fulfilment Services division, helping it gain a larger market share.

Apart from efforts to promote business development, the Group also made management changes. Mr. Po Kam Hi John has been appointed as the new Chairman of the Board, and Mr. Tsang Zee Ho Paul, previously a non-executive Director, has been appointed as an Executive Director and also the Group's Chief Financial Officer and Company Secretary.

Mr. Po Kam Hi John, Chairman of the Board, said, "Looking ahead, the new management team will lead all staff in working hard on bolstering the Group's competitiveness. In the face of challenges and opportunities brought by the pandemic, we will flexibly adjust business strategies and keep diversifying our products to maintain growth and resilience. On top of fortifying our existing businesses, we will seize opportunities arising from cross border e-commerce traffic from China and overseas to unleash new growth drivers for the Group and create long-term value for all stakeholders."

About Janco Holdings Limited (Stock code: 8035)
Established in 1990, Janco Holdings Limited is a Hong Kong-based 3PL company that principally engages in freight forwarding and the provision of one-stop logistics services. The Company has become a global freight forwarder, providing innovative and technology-driven end-to-end solutions consistent with being an integrated logistics specialist. Its business covers five segments, including cross-border e-commerce logistics solutions, freight forwarding, contract logistics, pharmaceutical and healthcare, and express. In addition, the Company is able to offer a truly global logistics network to customers. For details, please visit: www.jancofreight.com


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