Lexus Premieres 'LS+ Concept' Flagship with Eye toward Application of Automated Driving Technologies in 2020

October 25, 2017, 3:38 am

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LS+ Concept

10th Anniversary of 'F' Sports Models Commemorated with Limited Editions

Toyota City, Japan, Oct 25, 2017 - (JCN Newswire) - Lexus premiered to the world today its automated-driving-capable "LS+ Concept" concept vehicle at the 45th Tokyo Motor Show 2017(1). It also unveiled at the show limited editions of the "RC F" and "GS F", commemorating the 10th anniversary of Lexus "F" sports models.

Aiming to contribute to achievement of a world free of traffic casualties, Lexus has been actively introducing advanced technologies based on its Integrated Safety Management Concept(2). And so that all people can enjoy safe and smooth mobility and the fun of driving, Lexus has been developing automated driving technologies. It aims for application in the first half of the 2020s of its "Urban Teammate" technologies for automated driving on regular roads.

Main features of the LS+ Concept

The LS+ Concept, equipped with state-of-the-art technologies, indicates the future image of the "LS" flagship sedan. With its advanced yet dignified styling and automated driving technologies planned for application in 2020, the LS+ Concept was developed as a model that symbolizes Lexus' vision.

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LS+ Concept

Advanced yet dignified styling representing the future image of the "LS" flagship sedan
- As a concept vehicle that suggests the future look of the LS, the LS+ Concept produces a dignified expression as a flagship and indicates the direction of next-generation Lexus design based on Lexus' L-finesse(3) design philosophy. In addition to a boldly evolved Spindle Grille, with a large grille shutter that contributes to both improved cooling and enhanced aerodynamic performance, distinctive Lexus vision is expressed in the LS+ Concept through, among others, partly laser-lit headlamps and rear combination lamps, as well as through electronic side mirrors.

Latest automated driving technologies
- Lexus is pursuing a world in which all people can enjoy safe, smooth and untethered mobility through automated driving technologies. Specifically, it intends to make automated driving from entrance ramp to exit ramp on motor-vehicle-only roadways possible by using its "Highway Teammate" automated driving technologies, which, with an eye toward application in 2020, are featured on the LS+ Concept. On motor-vehicle-only roadways, through appropriate recognition, judgment and operation by onboard systems in response to actual traffic conditions, these technologies can enable automated merging, lane changes and diverging, as well as keep a vehicle in its lane an`d maintain vehicle-to-vehicle distance.
- The LS+ Concept can communicate with a data center to update its systems' software, allowing new functions to be added. Meanwhile, AI that learns from big data, including information on roads and surrounding areas, ensures a high level of automated driving. The car, which can learn and grow along with its users, represents a new age for the image of cars to which people can become emotionally attached.

Main features of 10th anniversary limited-edition "F" models

Ever since the launch of the "IS F" in 2007, the development theme of Lexus "F" sports models has been "to create sports cars that can put smiles on the faces of anyone who wants to have fun driving, regardless of skill". This approach has raised the sports image of Lexus. The special-specification, limited-edition vehicles announced today and commemorating the 10th anniversary of the birth of "F" models are equipped with performance shock absorbers for improved steering stability and lightweight titanium mufflers, further enhancing the driving performance for which "F" models are known. CFRP (carbon fiber-reinforced plastic) is used in exterior components for greater sports appeal, and body panels are in matte gray. The interior comes in a special color accented by the "F" symbol color "Heat Blue". This and other features accentuate the models' distinct character.

Lexus plans to sell the limited-edition RC F and the limited-edition GS F at Lexus dealers across Japan from around the spring of 2018.

(1) The 45th Tokyo Motor Show 2017 is being held at Tokyo Big Sight in Tokyo's waterfront area from October 25 through November 5, with press days on October 25 and 26, a special invitation day on October 26, an official ceremony day and preview day on October 27, and general public days from October 28 to November 5.
(2) The concept of integrating a vehicle's individual safety technologies and systems to provide a more-advanced level of support to drivers in all driving situations
(3) L-finesse is Lexus' original design philosophy based on the ideas of "leading-edge" and "finesse". It aims to create new value by harmonizing seemingly contradictory elements through what is known as the "YET" approach.

About LEXUS

Since its debut in 1989, Lexus has earned a worldwide reputation for high-quality products and exemplary customer service. Lexus is the hybrid leader among luxury brands, offering hybrids that provide the best in innovative technology and premier luxury. The evolution of Lexus is reflected in the progressive designs of its new vehicles. The grille, dynamic light treatments, and sculptured lines create a distinctive look of luxury for Lexus. For more information, please visit www.lexus-int.com and www.lexus-int.com/news/.

Contact:
Public Affairs Division
Global Communications Department
Toyota Motor Corporation
Tel: +81-3-3817-9926

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Mitsubishi Motors Debuts the MITSUBISHI e-EVOLUTION CONCEPT

October 25, 2017, 4:34 am

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MITSUBISHI e-EVOLUTION CONCEPT

The embodiment of MMC's new "Drive your Ambition" Brand Strategy

TOKYO, Oct 25, 2017 - (JCN Newswire) - At the 45th Tokyo Motor Show, which opens to the public on October 27, 2017, Mitsubishi Motors Corporation (MMC) will celebrate the world debut of the MITSUBISHI e-EVOLUTION CONCEPT. The all-electric high performance SUV embodies MMC's new brand strategy under the new "Drive your Ambition" global tagline, a strategy that reflects an adventurous and progressive mindset for inspirational design and product.

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MITSUBISHI e-EVOLUTION CONCEPT

The MITSUBISHI e-EVOLUTION CONCEPT is a technical prototype to illustrate the strategic directions of a renewed MMC brand that incorporates the strengths of SUV, EV, and the ability to integrate new systems for a connected mobility customer experience.

Under this new ethos, MMC will expand its customer base, leveraging its strong pedigree of driving performance and reliability with breakthrough SUVs and crossovers. As a first-mover in electric vehicles, MMC will expand and accelerate its EV deployment. MMC will push the technological envelope with a tightly integrated system of AI, connectivity, on-board and cloud computing.

"Robust & Ingenious": The design philosophy of Mitsubishi Motors
MMC has adopted a design philosophy under the title "Robust & Ingenious."

"We aim to provide vehicles that fulfill our customers' desires through outstanding design, combined with the power, authenticity and carefully-considered functionality Mitsubishi Motors is known for," said MMC Head of Global Design Tsunehiro Kunimoto.

Robust & ingenious, the design language of the MITSUBISHI e-EVOLUTION CONCEPT, is a study in contrasts. MMC vehicles of the future are meant to be sincere, tough, and functional. At the same time, they will be clever, resourceful, style-setting and technologically advanced.

The design of the MITSUBISHI e-EVOLUTION CONCEPT

MMC has a long and strong heritage. Think of "Mitsubishi Motors," and proven off-road performance, along with superior 4WD control come to mind. Now, the banner of superior, high-performance 4WD control is carried forward by the MITSUBISHI e-EVOLUTION CONCEPT. The design expresses the readiness to grip the ground with all four-wheels, and the agility of a high performance cross-country tourer.

The front face design of the MITSUBISHI e-EVOLUTION CONCEPT is a fresh take on MMC's archetypal DYNAMIC SHIELD design. The black grille is shielded under glass, a subtle hint that this car is a high performance electric vehicle. Protected under the glass, and accentuated by blue lines for emphasis, sit cameras and sensors. Large air intakes are located beneath the headlamps, ready to cool the electric brake calipers. Adding to the vehicle's excellent aerodynamics, the drawn-in air passes jet tailfins on the C-pillars before exiting on either side of the rear bumper.

A sharply slanted front windshield and short overhangs give the MITSUBISHI e-EVOLUTION CONCEPT a unique side profile that has not been possible before the arrival of electric propulsion. High ground clearance, short overhangs, strong shoulders, and narrow hips project nimbleness and agility. Muscular tires that protrude at the four corners communicate powerful 4WD torque. Bars running from front to rear along either side of the roof enhance the vehicle's muscular attitude.

The large hexagon shape at the rear draws inspiration from the spare tire cover of the quintessential SUV, the legendary Mitsubishi Pajero, a hallmark of off-road driving, and one of the most iconic chapters of MMC's heritage.

Inside, the cockpit of the MITSUBISHI e-EVOLUTION CONCEPT shows that its designers suddenly had the freedom to go beyond the traditional firewall. The MITSUBISHI e-EVOLUTION CONCEPT is powered by three torqueful electric motors, and the absence of a big internal combustion engine under the hood gave designers the space to realize a radically novel cockpit. Its instrument panel appears to float in front of the driver. It is a MMC vehicle, and the instrument panel adopts MMC's trademark horizontal styling, with the focus on information above the axis and on operation below. Acting like a level in an electronic viewfinder, the horizontal instrument panel makes it easier to sense the state of the vehicle during driving - form follows function well down the road.

A large flat screen spans the full width of the dashboard. It displays outside conditions, navigation and coaching information. The large screen is flanked by two smaller screens, showing images from front and rear cameras. Full-glass windows provide near unobstructed 360-degree visibility, for a feeling more akin to a jet fighter than a car.

The technologies of the MITSUBISHI e-EVOLUTION CONCEPT

EV system: The MITSUBISHI e-EVOLUTION CONCEPT uses high-torque, high-performance electric motors, fed by a high-capacity battery system to deliver the smooth and powerfully responsive performance that distinguishes EVs from ICE-powered vehicles. The drive battery is located under the floor mid-ship of the vehicle, providing a low center of gravity for the utmost driving stability.

4WD system: For exceptional driving performance, the triple motor 4WD system employs a single motor to drive the front wheels, complemented by a new Dual Motor Active Yaw Control (AYC) system that couples two rear motors through an electronically controlled torque-vectoring AYC unit. All of this is integrated into MMC's unique Super All-Wheel Control (S-AWC) vehicle dynamic control system. Cornering performance and traction performance are improved. The brakes of the MITSUBISHI e-EVOLUTION CONCEPT responsively and precisely control the driving forces with the help of electric calipers that supersede the conventional hydraulic caliper. The effects of the system can be felt and appreciated immediately, even at low speeds when G-forces are low. Whether driving around town, on expressways, or winding roads, the fully electric vehicle always provides crisp and nimble handling that faithfully mirrors driver intent.

AI system: The brain of the MITSUBISHI e-EVOLUTION CONCEPT is an Artificial Intelligence (AI) system that augments the driver's capabilities. An array of sensors allows the AI system to instantly read changes in road and traffic conditions, as well as the driver's intent. Seamlessly coordinating driver intent with vehicle performance, the system supports drivers of all abilities. By making it easier and safer to control the vehicle, the motoring experience is brought to a new level. A special coaching function allows the AI system to transfer knowledge to the driver, and to unobtrusively enhance the driving expertise. After building a picture of the driver's skill level, the system constructs a training program that provides advice through voice dialogue and a large dashboard display. As a result, drivers of all abilities quickly experience a vehicle that behaves the way they want it, and soon they find themselves enjoying the driving experience to an even greater degree.

About Mitsubishi Motors

Mitsubishi Motors Corporation is the sixth largest automaker in Japan and the sixteenth largest in the world. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries. From October 2016, Mitsubishi is one-third owned by Nissan, and a part of the Renault - Nissan - Mitsubishi Alliance. For more information, please visit www.mitsubishi-motors.com/en/index.html.

Contact:
Mitsubishi Motors
Public Relations Department
http://www.mitsubishi-motors.com 
+81-3-6852-4275

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Mitsubishi Motors Unveils New Brand Strategy & Tagline "Drive your Ambition"

October 25, 2017, 4:55 am

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Outlander PHEV

Eclipse Cross

XPANDER

MITSUBISHI e-EVOLUTION CONCEPT

Brand Renewal - For the Next Century

TOKYO, Oct 25, 2017 - (JCN Newswire) - The 45th Tokyo Motor Show will showcase Mitsubishi Motors Corporation's (MMC) renewed ambitions, expressed through two major milestones:

- The announcement of a new Brand Strategy and first new Tagline in a decade.
- The world premiere of the MITSUBISHI e-EVOLUTION CONCEPT - the embodiment of this new strategy

1917 - 2017

Mitsubishi Motors celebrates this year the 100th anniversary of Model-A, the first Mitsubishi car and the first Japanese car designed with series production in mind. The Model-A paved the way for Mitsubishi's ambition to explore new automobile territories and push engineering boundaries for the 100 years to come...

...From the pioneering 4-wheel-drive PX33 in 1936, to the start of electric mobility R&D in 1966,

...From numerous engineering innovations (direct injection petrol engines, engine balance shafts, Super-All Wheel Control...) to endless demonstrations of ability & reliability through racing at the highest level with Pajero and Lancer Evolution;

...From exploring unchartered territories (Outlander PHEV in 2012) to bringing quality motoring to emerging markets (XPANDER in 2017)

...From 1917 to 2017 and beyond

A Renewed Brand Strategy

As part of the holistic renewal of its Brand - a first of such all-encompassing corporate endeavor for nearly two decades - MMC undertook a thorough process, looking to both its rich and unique heritage and its ambitious plan for the future, to define a strategy that emanates from the Brand's inner essence while meeting the aspiration of its stakeholders - its 'Drivers' - inside the Company as well as outside.

A clear statement of MMC's progressive commitment to innovation and discovery with a progressive vision of a sustainable future, this renewed Brand strategy is supported by an impressive portfolio of MMC engineering firsts, a never extinguished passion for all forms of mobility - on road and off road - as well as the foresight brought by a unique pedigree going back 100 years to the first vehicle launched to the world under the Mitsubishi brand.

All in all, the key building blocks for the 'Ambition to Explore' Brand strategy combine an adventurous and progressive mindset blending four essential ingredients:

- The Mitsubishi Pedigree - it's been a visionary part of Mitsubishi's DNA for 100 years, and is highly inspirational for employees, customers, and wider stakeholders, inside and outside the MMC world.

- The Mitsubishi stance on technology and design - resulting in inspirational design and product features, with a solid future vision for product development and sustainability.

- The Mitsubishi take on global business - ambition and exploration are key to business development in a fast-moving global economy increasingly geared towards long-term sustainable growth in a connected world.

- The Mitsubishi bond with its customers - who want to move up and drive forward and welcome a mobility brand that helps them to realise their ambitions for their family and the planet.

An Adventurous and Progressive Brand - the Product Evidence

Deeply rooted in Mitsubishi's inner essence, the "Ambition to Explore" Brand strategy finds its best expression in the vehicles its engineers and designers have developed over the years, often challenging accepted frontiers...

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Outlander PHEV

... When Mitsubishi Motors unveiled its pioneering Outlander PHEV at the 2012 Paris Motor Show, several observers questioned the move - a full-size 4WD Twin Motor plug-in hybrid electric SUV...

Five years later and over 135,000 units sold in selected global markets (soon to launch in USA, and of which Europe ranks number one and where Outlander PHEV remains the best-selling plug-in hybrid SUV), the questions have been emphatically answered, as market response has vindicated MMC's brave foresight.

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Eclipse Cross

http://www.acnnewswire.com/topimg/Low_MitsubishiMotorsXPANDER..jpg
XPANDER

... Today, Eclipse Cross and XPANDER are about to start their global journey, with a fresh new look at what a dashing SUV Coupe and a quality SUV/MPV crossover could refresh customers' mindsets in mature and emerging markets.

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MITSUBISHI e-EVOLUTION CONCEPT

... Tomorrow, Mitsubishi Motors' future will take its cue from the ambitiously innovative and highly evocative MITSUBISHI e-EVOLUTION CONCEPT

"Drive your Ambition" - New Global Tagline

A logical development from the Mitsubishi Motors Brand strategy, 'Drive your Ambition' is the new tagline that describes an attitude that has been true of Mitsubishi since its first car a century ago. Mitsubishi has delivered ambitious cars to ambitious drivers for 100 years, pioneering vehicle genres with seminal products such as Pajero, Lancer Evolution and i-MiEV, while creating cutting-edge technology to deliver breakthroughs all the way to the best-selling Outlander PHEV. Mitsubishi's drivers have explored new frontiers and conquered breathtaking terrains. From the toughest rallies to building a robust reputation in demanding emerging markets, MMC delivers vehicles that enable Drivers to move forward with full confidence. It is the first new tagline in over 10 years.

"Drive your Ambition" is a powerful statement of MMC's on-going commitment to the values and aspirations of its drivers.

...It clearly differentiates MMC as a customer-centric force in global mobility.
...It will inspire and engage Drivers on a deeper, more emotional level.
...It will motivate the Corporation's inner forces to renew its Adventurous and Progressive mindset for its next centennial

With an "Ambition to Explore" Mitsubishi Motors can go anywhere.
With "Drive your Ambition" Mitsubishi Motors' Drivers can go anywhere.

The new global tagline is officially announced at the Tokyo Motor Show, on October 25th and then to be rolled out in all global markets from there on as part of a major overhaul of the Brand's Marketing activities and presence around the world on all communications in coming months.

About Mitsubishi Motors

Mitsubishi Motors Corporation is the sixth largest automaker in Japan and the sixteenth largest in the world. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries. From October 2016, Mitsubishi is one-third owned by Nissan, and a part of the Renault - Nissan - Mitsubishi Alliance. For more information, please visit www.mitsubishi-motors.com/en/index.html.

Contact:
Mitsubishi Motors
Public Relations Department
http://www.mitsubishi-motors.com 
+81-3-6852-4275

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Summary of Honda Announcements and Exhibits at the 45th Tokyo Motor Show

October 25, 2017, 5:51 am

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Honda Sports EV Concept

Neo Sports Cafe Concept

TOKYO, Oct 25, 2017 - (JCN Newswire) - Honda Motor Co., Ltd. today announced/exhibited the following information and products at the 45th Tokyo Motor Show 2017.

Summary of speech by Takahiro Hachigo, President and Representative Director

Honda has strengths in producing a broad range of products including motorcycles, automobiles, power products and even business jets. And Honda has relationships with 28 million customers around the world, which we established through our products. Such strengths as a manufacturer and relationships with our customers are proof that Honda has been embodying its passion to "serve people worldwide with the joy of expanding their life' potential," which has been widely shared beyond the boundaries of countries and times. Honda will further strengthen the lineup of our motorcycle and automobile global models, which represent one of Honda's strengths, and continue to offer a broad range of attractive products to customers all around the world.

Moreover, Honda has been working on the development of various technologies and products which will contribute toward the realization of a carbon-free society and making good progress in making our gasoline-powered vehicles cleaner and more fuel efficient. In the area of automobiles, we have been expanding the lineup of hybrid vehicles and will continue to strengthen hybrid, plug-in hybrid and EV models from here forward. With our products equipped with electrification technologies, Honda will continue striving for the realization of our enduring passion to realize the joy of helping people and the joy of driving. Honda will continue taking on challenges to expand the life's potential of our customers.

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Honda Sports EV Concept

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Neo Sports Cafe Concept

Key Exhibition Models

Automobiles

- Honda Sports EV Concept:
Honda exhibited the world premiere of the Honda Sports EV Concept, a concept model which combines EV performance and AI (artificial intelligence) inside a compact body with the aim to realize the joy of driving the user can feel with a sense of unity with the car.

- Honda Urban EV Concept:
Built on a newly-developed dedicated EV platform, the Honda Urban EV Concept is a concept model which indicates the technology and design directions for Honda's future mass-production EV models. A new model based on this concept will go on sale first in Europe, and then in Japan in 2020.

- Honda NeuV:
The Honda NeuV is an EV concept model that explores the potential of mobility products which will be further expanded by automated driving technologies and AI. NeuV makes judgments about the driver's state of stress based on facial expressions and/or tone of voice and provides assistance to the driver to support safe driving, and by learning the driver's lifestyle and preferences, provides suggestions to the particular driver, realizing communication between driver and mobility.

- Honda CR-V:
The Honda CR-V is an SUV model enjoyed by customers in more than 160 countries around the world. The lineup of this all-new CR-V includes a series-first hybrid model equipped with Honda's original "SPORT HYBRID i-MMD" two-motor hybrid system, which will be available in front-wheel drive and 4WD variants. A 3-row seating type will be added to the lineup of the gasoline model. The all-new CR-V is scheduled to go on sale in Japan in 2018.

- Clarity PHEV:
Based on Honda Sport Hybrid i-MMD, the output and capacity of the battery were increased, and the EV range of more than 100 km was made possible. The Clarity PHEV, a new-generation plug-in hybrid model, features an exterior form with low vehicle height, spacious cabin that seats 5 adults and a large-capacity cargo area. The Clarity PHEV is scheduled to go on sale in Japan in summer 2018.

- Honda RoboCas Concept:
The Honda RoboCas Concept is a small-sized electric mobility product created to make people's dreams and ideas come true. Different types of carrying space with a canopy can be freely combined with a compact-sized vehicle body base which has a driving function.

Motorcycles

- Honda Riding Assist-e:
The Honda Riding Assist-e is an experimental motorcycle model Honda developed by applying proprietary balance control technologies Honda amassed through its research in the field of robotics. Honda's aim for this model is to offer motorcycle riders greater peace of mind and make life with motorcycles more fun for people by mitigating the risk of a fall.

- Neo Sports Cafe Concept:
Honda exhibited the world premiere of the Neo Sports Cafe Concept, which is a concept model for a naked sport model that combines the fun and beauty of a sport bike with a new-generation motorcycle package.

- Super Cub 110, a commemorative model recognizing the 100 million-unit milestone:
The Super Cub 110 is a special model Honda produced exclusively for the Tokyo Motor Show to commemorate the achievement of the 100 million-unit global production milestone this year and the 60th anniversary next year for the Super Cub series.

- Super Cub C125:
The Super Cub C125 inherited and evolved the attractive design and functionality as a personal commuter from the first-generation Super Cub (C100). This new 125cc model features the latest equipment such as a smart key and electric seat opener and yet realizes ample power for a comfortable riding experience.

- Monkey 125:
A 125cc horizontal, single-cylinder engine was installed to the signature body of the Honda Monkey with a sense of intentional deformation which comes from the short & tall body proportion unique to the Monkey series. Adopting unique features such as LED lights and digital meters, the Monkey 125 explores the new appeal of the Honda Monkey model.

GOLD WING TOUR / GOLD WING:
- Honda exhibited the Japan premiere of the Honda Gold Wing grand touring model, which has been evolving as a flagship motorcycle model of Honda, and will underwent a full model change. The all-new Gold Wing features new technologies including a newly-developed horizontally-opposed 6-cylinder engine, 7-speed DCT and Honda's original double wishbone suspension. The Gold Wing is planned to go on sale through Honda's new "Honda Dream" sales channel to be launched in April 2018.

- PCX ELECTRIC:
The PCX Electric is an electric scooter equipped with a high-output motor developed independently by Honda as well as the Honda Mobile Power Pack, a detachable mobile battery pack. Honda PCX Electric is scheduled to go on sale in 2018 in the Asia region including Japan.

- PCX HYBRID:
Honda newly-developed an original hybrid system designed for motorcycles. This compact hybrid system employs a high-output battery and ACG starter to assist the engine and enables PCX Hybrid to realize a "torqueful" riding performance. Honda PCX Hybrid is scheduled to go on sale in 2018 in the Asia region including Japan.

- CROSS CUB 110:
Featuring a crossover style which will look good for both urban area riding and outdoor activities, the Cross Cub 110 proposes a new value of Honda Cub motorcycles. As a model oriented toward recreational use, the "tough" image is being emphasized with the adoption of a leg shield and wider tires.

Honda Exhibits at the TOKYO CONNECTED LAB 2017

- Honda Ie-Mobi Concept (pronounced: ee-a mo-bee - "Ie" is a Japanese word for "home"):
Honda Ie-Mobi Concept is an electrical mobility product which seamlessly connects a home and the car. Honda Ie-Mobi Concept makes it possible to supply electricity from the car to the home and from the home to the car. Moreover, this vehicle can be used also as a small room with the size of approximately 4.95m2.

- Honda Fure-Mobi Concept
(pronounced: foo-ray mo-bee - "Fure" comes from the Japanese word "Fureai" which means interaction, contact or touch):

Honda Fure-Mobi Concept was developed under the theme of human-to-human interaction. This model has a size equivalent to that of a one-person electric wheelchair, but seats two people and realizes smooth traveling on walkways or indoor spaces. Honda developed this model with the hope that this vehicle, which enables two people to move around together, will make people more proactively want to enjoy an outing.

- Honda Chair-Mobi Concept:
Honda Chair-Mobi Concept is a chair-type mobility product which can be casually used in indoor or outdoor spaces. Its compact size and ability to turn in a small radius enable it to come into a tight space. The height-adjustable seating face features a function to maintain a level seat even while it is driven uphill or downhill. Honda developed this model as a mobility device which is capable of maneuvering as flexibly as a pedestrian so that it can be used in various occasions.

- Honda Ai-Miimo Concept:
Honda Ai-Miimo Concept was developed based on the Honda Miimo, an electric self-propelled robotic lawn mower. By installing AI, it was turned into a model which communicates with its user and supports the user in his/her everyday life. Honda developed this model with the hope to create an existence which goes beyond the framework of a "product" but brings smiles and pleasant moments in people's lives just like a pet or family member.

About Honda

Honda Motor Co., Ltd. (TSE:7267 / NYSE:HMC / LSE:HNDA) is one of the leading manufacturers of automobiles and power products and the largest manufacture of motorcycles in the world. Honda has always sought to provide genuine satisfaction to people worldwide. The result is more than 120 manufacturing facilities in 30 countries worldwide, producing a wide range of products, including motorcycles, ATVs, generators, marine engines, lawn and garden equipment and automobiles that bring the company into contact with over 19 million customers annually. For more information, please visit http://world.honda.com.

Contact:
Honda
Media Inquiries
corporate_pr@hm.honda.co.jp
+81-3-5412-1512

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WARC reveals effective MENA marketing trends of 2017

October 24, 2017, 9:17 pm

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LONDON, Oct 25, 2017 - (ACN Newswire) - WARC, the global marketing intelligence service, has today released its MENA Strategy Report 2017, an analysis of the region's most effective marketing trends based on insights from the inaugural WARC Prize for MENA Strategy.

Lucy Aitken, Case Study Editor at WARC, comments: "We've analysed all the submissions to establish unrivalled insights into how the region's communication strategies are responding to a competitive market and ever-evolving consumer needs."

"Our report shows that MENA is a highly resourceful and youthful region where building brand equity and raising awareness are the main objectives," added Aitken.

Asad Rehman, Director, Media, MENA, Unilever and jury chair, says: "Increased competitiveness, complex external environments, demanding consumers, and technological developments have made the job of planners increasingly complex. However, the MENA region is ripe and ready for some serious strategy work."

WARC's MENA Strategy Report 2017 highlights the following key insights and marketing trends in the region:

Genuinely local: Rather than adapting global communications to suit a MENA audience, many case studies that performed well understood the importance of communicating with local people in a relevant way.

Departing from category norms: Communications that make a fresh point in an original way unsurprisingly stand out in cluttered categories such as telecoms or household products.

Changing perceptions: A number of winning case studies entered into this year's WARC Prize for MENA Strategy were geared towards changing perceptions.

Targeting youth in a fresh way: As 28% of the MENA population is aged between 15 and 29, much of the successful work in this year's Prize targeted this group in an appealing way.

A summary of The MENA Strategy Report 2017 is now available at content.warc.com/read-a-sample-of-the-mena-strategy-report-2017.

On 14 November, WARC will be holding 'MENA Strategy Works', a free-to-attend event in Dubai. To attend register at content.warc.com/mena-strategy-works-lessons-from-this-years-warc-prize-for-mena-strategy.

The WARC Prize for MENA Strategy is an annual awards recognising strategic thinking that has driven business results in MENA. The 2018 WARC Prize for MENA Strategy will open for entries on 8 February 2018.

About WARC

- your global authority on advertising and media effectiveness

warc.com is an online service offering advertising best practice, evidence and insights from the world's leading brands. WARC helps clients grow their businesses by using proven approaches to maximise advertising effectiveness. WARC's clients include the world's largest advertising and media agencies, research companies, universities and advertisers.

WARC hosts four global and two regional case study competitions: WARC Awards, WARC Innovation Awards, WARC Media Awards, The Admap prize, WARC Prize for Asian Strategy and WARC Prize for MENA Strategy.

WARC also publishes leading journals including Admap, Market Leader, the Journal of Advertising Research and the International Journal of Market Research. In addition to its own content, WARC features advertising case studies and best practices from more than 50 respected industry sources, including: ARF, Effies, Cannes Lions, ESOMAR and IPA.

Founded in 1985, WARC is privately owned and has offices in the UK, U.S. and Singapore.

Contact:
Amanda Benfell
PR Manager, WARC
Email: amanda.benfell@warc.com
Tel: +44 (0) 20 7467 8125

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Malaysian Developers Listed on Singapore Exchange, Astaka Holdings and Hatten Land, Participate in Investment Seminar Hosted by SGX and WeR1

October 24, 2017, 9:30 pm

≫ Next: Joy City Property Announced Unaudited Operating Figures for Nine Months Ended 30 September 2017

≪ Previous: WARC reveals effective MENA marketing trends of 2017

L-R: Dato' Zamani bin Kasim, Executive Director and Chief Executive Officer, Astaka Holdings; Engku Ahmad Kamel bin Engku Taib, Head of Economics and Investment, Iskandar Regional Development Authority; Lai Kwok Kin, Founder and Group Managing Director, WeR1 Group; Shamsul Ambia bin Abdul Aziz, Undersecretary, State Economic Planning Unit, Chief Minister's Department, Melaka; Dato' Colin Tan, Executive Chairman and Managing Director, Hatten Land

SINGAPORE, Oct 25, 2017 - (ACN Newswire) - Astaka Holdings Limited ("Astaka") and Hatten Land Limited ("Hatten Land"), two property developers benefiting from major infrastructure developments in Malaysia, held investor presentations today at a seminar organised by the Singapore Exchange ("SGX") and regional investor relations firm, the WeR1 Group.

Both companies, which are listed on the Catalist Board of the SGX, presented their investment merits to more than 150 fund managers, analysts and corporate leaders at the "Beyond Klang Valley" investment seminar at the SGX Auditorium in the heart of Singapore's business district.

Each is positioned to tap new opportunities arising from major infrastructure developments such as the Singapore-Kuala Lumpur High-Speed Rail, the East Coast Rail Link, new highways and port upgrades that are transforming peninsular Malaysia, accelerating urbanisation and opening up new investment opportunities in the real estate sector.

Astaka, an integrated property developer, is developing two projects in Johor Bahru: One Bukit Senyum, a RM5.4 billion (S$1.7 billion) 11.85-acre project that is slated to be Johor's new administrative and commercial hub; as well as a 363-acre strata township, Bukit Pelali, near the Pengerang Integrated Petroleum Complex.

Hatten Land is a leading property developer in the historical city of Melaka, where it has five integrated mixed-used projects and one retail mall with a total gross floor area of approximately 9.6 million square feet. These projects are expected to benefit significantly from activities in Malaysia related to China's Belt and Road Initiative.

Astaka and Hatten Land were listed on SGX in November 2015 and February 2017, respectively, after each completed a reverse takeover.

Mr. Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, said: "Today's investment forum has helped to raise awareness about the slew of mega infrastructure projects in Malaysia, and opportunities available to companies in the sector. We are encouraged that our Catalist listed companies such as Astaka Holdings and Hatten Land, both with substantial assets, operations and business in Malaysia, stand to benefit from these major developments.

Dato' Zamani bin Kasim, Executive Director and Chief Executive Officer, Astaka, said: "I have witnessed Johor's rapid transformation since the unveiling of the Iskandar Malaysia Comprehensive Development plan 10 years ago. The State is making the change into an economic powerhouse of Malaysia and this presents a wide range of opportunities for all sectors. Astaka is poised to benefit from this transformation as there will be a need for new properties in strategic locations."

Dato' Colin Tan, Executive Chairman and Managing Director, Hatten Land, said: "Hatten Land has an established track record and reputation as one of the top developers in Melaka. Since 2006, we have witnessed the state progress rapidly towards becoming an attractive destination for work and play. There are many investment opportunities in the state and the Group has only unlocked the tip of the iceberg."

Mr. Lai Kwok Kin, Founder and Group Managing Director of the WeR1 Group, said, "Malaysia is witnessing a significant wave of infrastructure development that will have a wide-ranging impact on the economy, the urban landscape and the real estate sector. WeR1 is honoured to partner the Singapore Exchange in hosting senior executives from Johor and Melaka, as well as from Astaka Holdings and Hatten Land, for this seminar to update Singapore's investment community."

Media and Investor Contact Information:
Name: Ian Lau
Email: ianlau@wer1.net
Tel: +65 6737 4844

About WeR1

The WeR1 group of companies offers Investor Relations and tech/startup PR services across Asia, with fully staffed offices in Singapore, Kuala Lumpur and Hong Kong. Since its establishment in 1999 it has provided IR services for IPO and on post-IPO retained basis for more than 150 corporations listed on regional and international exchanges, as well as numerous tech companies and startups. Its consultants have decades of domain experience in the media, investment banking and financial communications. WeR1 is the only Asian member of the prestigious Crisis and Litigation Communicators Alliance based in London. For more information, please visit: www.wer1.net

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Joy City Property Announced Unaudited Operating Figures for Nine Months Ended 30 September 2017

October 24, 2017, 10:22 pm

≫ Next: Malaysian Developers Listed on Singapore Exchange, Astaka Holdings and Hatten Land, Participate in Investment Seminar Hosted by SGX and WeR1

≪ Previous: Malaysian Developers Listed on Singapore Exchange, Astaka Holdings and Hatten Land, Participate in Investment Seminar Hosted by SGX and WeR1

Stable Growth in Unit Rental and Contracted Sales Significantly Increased by 114%

HONG KONG, Oct 25, 2017 - (ACN Newswire) - Joy City Property Limited ("Joy City Property" or the "Company", Stock Code: 00207.HK) announced its unaudited operating figures of the Company and its subsidiaries (the "Group") for the nine months ended 30 September 2017.

The impact of the Internet makes the commercial real estate market facing more intense competition but also more new opportunities on offline consumption. Under this circumstance, Joy City Property strives to accelerate the development of asset management and strengthen customer asset management, and deeper further practice on lean-oriented operation of shopping malls to achieve gratifying results in the first nine months of 2017.

Property Investment
Xidan Joy City
Xidan Joy City is situated in the prime location of Xicheng District, Beijing. The project is approximately 200 meters away from Chang'an Street in the south and adjacent to Financial Street and Xinjiekou Commercial District in the north. In 2016, Xidan Joy City continued to step up its efforts in brand adjustment and built up two unique themed streets - the Experiential Chic Street and Trendy Food Street. All these new highlights have led a fashionable trend and helped the project to realise enhancement in both rental and sales per square meter.For the first nine months of 2017, the average occupancy rate of Xidan Joy City was approximately 92% and the average unit rental increased by approximately 3% as compared with that for the same period in 2016.

Chaoyang Joy City
Chaoyang Joy City is located in prime zone of Chaoyang District, Beijing. It is approximately 5 kilometers away from Beijing CBD Commercial District and is surrounded by a number of high-end luxury apartments with a population of 2.5 million. In 2016, Chaoyang Joy City switched the focus of its promotional activities from boosting customer flow to enhancing customer quality with an aim to continuously optimize the brand ecosystem and reinforce the brand's tonality and atmosphere that resonate with the Lifestyle concept. By strengthening its product quality, enhancing shopping experience and implementing precise marketing measures through the use of big data and VIP system, Chaoyang Joy City has guaranteed sustainable and rapid growth in its projects' operating results. For the first nine months of 2017, the average occupancy rate of Chaoyang Joy City was approximately 97% and the average unit rental increased by approximately 17% as compared with that for the same period in 2016.

Tianjin Joy City
Tianjin Joy City is located in Old Town, the central district of Tianjin with convenient traffic. Tianjin Joy City constantly explored street models with different social functions, such as Cheer Market, No. 5 PARK, Super Factory and IF Street, the first outdoor street of Joy City series. In 2016, Tianjin Joy City topped the regional markets with its commercial sale segment. For the first nine months of 2017, the average occupancy rate of Tianjin Joy City was approximately 94% and the average unit rental increased by approximately 8% as compared with that for the same period in 2016.

Shenyang Joy City
Shenyang Joy City is located at the east end of Shenyang Zhong Street, a traditional commercial pedestrian street, where is right at the core of the local government construction project, which named "Golden Key" and "Dongzhong Street". Shenyang Joy City continued to innovate and made a number of unprecedented breakthroughs in the industry. In 2016, the first Taste Good opened, an O2O-themed member experience centre in northeastern region and meanwhile the 4 1/2 Street District officially opened, which is the first street district characterized by easy art and lifestyle experience in northeastern region, turning a new page of commercial payment scenario reform of shopping centres in Shenyang. For the first nine months of 2017, the average occupancy rate of Shenyang Joy City was approximately 94%.

Shanghai Joy City
Shanghai Jianan Joy City's Joy urban complex is located at the core district of the CBD of SuhewanGold Coast. Shanghai Jing'an Joy City has developed a pioneer intelligent shopping system. Users can enjoy an all-rounded experience in the interactive shopping scenario and exchange with other users whenever and whatever they want. Meanwhile, the use of APP/Light APP has facilitated the upgrade of consumption model by creating an interactive online shopping scenario. Users' activities and data can be monitored on a real-time basis and customer experience can be enhanced through the data feedbacks. For the first nine months of 2017, the average occupancy rate of Shanghai Joy City was approximately 98% and the average unit rental increased by approximately 11% as compared with that for the same period in 2016.

Yantai Joy City
Yantai Joy City is in the northeast of the junction of Beima Road and Haigang Road of Zhifu District, Yantai. In 2016, Yantai Joy City adopted a series of measures to strive for sales growth and better result performance including introduction of new businesses, stores adjustment, brand upgrade and regional adjustments. It also comprehensively strengthened the refined operation of Joy City by way of BI innovation, membership management and services and property management, thereby enhancing the overall efficiency through management. For the first nine months of 2017, the average occupancy rate of Yantai Joy City was approximately 94% and the average unit rental increased by approximately 14% as compared with that for the same period in 2016.

Chengdu Joy City
Chengdu Joy City is located in Wuhou District, Chengdu. Chengdu Joy City continued to optimise the brand portfolio and has become a benchmark project for fashion and entertainment experience in southwestern region. It is the most diversified fast fashion brand portfolio, the largest children-themed center and the most unique themed street in southwestern region. Chengdu Joy City achieved steady growth in its results and saw outstanding performance in the first year since the commencement of operation. For the first nine months of 2017, the average occupancy rate of Chengdu Joy City was approximately 94% and the average unit rental increased by approximately 37% as compared with that for the same period in 2016

Beijing COFCO Plaza
Beijing COFCO Plaza is located at the core area of the Second Ring in Beijing. In 2016, the project carried out upgrade and transformation on the shopping mall of Tower C, on 23 May 2017, the renovation of Block C of Beijing COFCO Plaza, which covering a total area of 54,237 square meters, have been completed. Without accounting for the influence of the renovation, the average occupancy rate of Beijing COFCO Plaza was 95%.

Hong Kong COFCO Tower
The project is situated at a prime location in Causeway Bay, Hong Kong. For the first nine months of 2017, the average occupancy rate of Hong Kong COFCO Tower was approximately 99%.

Fraser Suites Top Glory Shanghai
The project is located in the core area of Lujiazui CBD in Pudong New Area, Shanghai, along the Huangpu River and is a top-grade high-end serviced apartment project in Shanghai. In respond to the opening of the Shanghai Disneyland Park, the Happy Summer Package for Disneyland was launched to attract even more short-term customers that take a vacation on a family basis. By organizing a series of activities, customer experience was improved. For the first nine months of 2017, the average occupancy rate of Beijing COFCO Plaza was approximately 88%.

Property Development
For the period ended 30 September 2017, the Group's aggregate contracted sales amounted to approximately RMB4,104 million and increased by approximately 114% as compared with that for the same period in 2016. The Group's aggregate contracted sales area amounted to approximately 96,947 square meters and increased by approximately 79.5% as compared with that for the same period in 2016.

Hotel Operation
MGM Grand Sanya
MGM Grand Sanya is located in Yalong Bay National Tourism and Resort District in Sanya, Hainan, which is a first-class resort area in China. The project is a high-end luxury resort hotel operated and managed by Diaoyutai MGM Group. For the first nine months of 2017, the average room rate of the hotel was about RMB1,193 per room per night and the average occupancy rate was approximately 88%.

St. Regis Sanya Yalong Bay Resort
The project is located in Yalong Bay National Tourism and Resort District in Sanya, Hainan, which is a first-class resort area in China. The resort is adjacent to golf club and mangrove conservation area, and is a first-class luxury resort hotel operated and managed by Starwood Group. For the first nine months of 2017, the average room rate of the hotel was about RMB 1,439 per room per night and the average occupancy rate was approximately 71%.

W Beijing-Chang'an
W Beijing-Chang'an is located in a commercial district surrounded by foreign embassies in the center of Beijing. The hotel was successfully listed among the purchasing list of various international and domestic giants and had basically established the influence of W brand in sectors such as luxuries, e-commerce, fast moving consumer goods and automobile. For the first nine months of 2017, the average room rate of the hotel was about RMB 790 per room per night and the average occupancy rate was approximately 69%.

About Joy City Property Limited
Joy City Property Limited (0207.HK) is the leading commercial property developer and operator of COFCO Group, focusing on the development, operation, sales, leasing and management of complexes and commercial properties in the PRC.

The group mainly engages in the development, operation and management of mixed-use complexes under the brand of Joy City, and owns projects include several Joy City complexes in Beijing, Shanghai and other tier 1 and tier 2 cities. The group also has prime investment properties strategically located in first-tier cities, including Beijing COFCO Plaza and Hong Kong COFCO Tower, as well as high quality properties held by the Group, namely Shanghai Joy City Joy mansion one. The Group operates a number of national high-end luxury hotels, including W Beijing-Chang'an, The St. Regis Sanya Yalong Bay Resort and MGM Grand Sanya. These high quality property projects are strategically located in central districts of first or key second tier cities with good investment and appreciation potentials.

Looking forward, the Group will maintain the two-wheel-drive business strategy of "holding and selling properties", the development strategy of "light and heavy asset", and establish the development model of "Joy City Asset Management" combined real estate with finance, enhancing product quality and cost-effectiveness, so as to create value for its customers, shareholders and partners. The group will inherit the ideals of "Sustain Operating for Centuries", and preserve with the "young, fashionable, trendy and quality" brand spirit of Joy City to lead the trend of new city lifestyle of China. It is a mission of the Group to assist in coordination among and development of cities in China and become a leading complex and commercial property developer in the PRC.

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Malaysian Developers Listed on Singapore Exchange, Astaka Holdings and Hatten Land, Participate in Investment Seminar Hosted by SGX and WeR1

October 25, 2017, 2:43 am

≫ Next: CEL Celebrates 20th Anniversary with Gala Cocktail Reception

≪ Previous: Joy City Property Announced Unaudited Operating Figures for Nine Months Ended 30 September 2017

SINGAPORE, Oct 25, 2017 - (ACN Newswire) - Astaka Holdings Limited ("Astaka") and Hatten Land Limited ("Hatten Land"), two property developers benefiting from major infrastructure developments in Malaysia, held investor presentations today at a seminar organised by the Singapore Exchange ("SGX") and regional investor relations firm, the WeR1 Group.

The two companies, which are listed on the Catalist Board of the SGX, presented their investment merits to more than 150 fund managers, analysts and corporate leaders at the "Beyond Klang Valley" investment seminar at the SGX Auditorium in the heart of Singapore's business district.

Both companies are positioned to tap new opportunities arising from major infrastructure developments such as the Singapore-Kuala Lumpur High-Speed Rail, the East Coast Rail Link, new highways and port upgrades that are transforming peninsular Malaysia, accelerating urbanisation and opening up new investment opportunities in the real estate sector.

Astaka, an integrated property developer, is developing two projects in Johor Bahru: One Bukit Senyum, a RM5.4 billion (S$1.7 billion) 11.85-acre project that is slated to be Johor's new administrative and commercial hub; as well as a 363-acre strata township, Bukit Pelali, near the Pengerang Integrated Petroleum Complex.

Hatten Land is a leading property developer in the historical city of Melaka, where it has five integrated mixed-used projects and one retail mall with a total gross floor area of approximately 9.6 million square feet. These projects are expected to benefit significantly from activities in Malaysia related to China's Belt and Road Initiative.

Astaka and Hatten Land were listed on SGX in November 2015 and February 2017, respectively, after each completed a reverse takeover.

Mr. Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, said: "Today's investment forum has helped to raise awareness about the slew of mega infrastructure projects in Malaysia, and opportunities available to companies in the sector. We are encouraged that our Catalist listed companies such as Astaka Holdings and Hatten Land, both with substantial assets, operations and business in Malaysia, stand to benefit from these major developments.

Dato' Zamani bin Kasim, Executive Director and Chief Executive Officer, Astaka, said: "I have witnessed Johor's rapid transformation since the unveiling of the Iskandar Malaysia Comprehensive Development plan 10 years ago. The State is making the change into an economic powerhouse of Malaysia and this presents a wide range of opportunities for all sectors. Astaka is poised to benefit from this transformation as there will be a need for new properties in strategic locations."

Dato' Colin Tan, Executive Chairman and Managing Director, Hatten Land, said: "Hatten Land has an established track record and reputation as one of the top developers in Melaka. Since 2006, we have witnessed the state progress rapidly towards becoming an attractive destination for work and play. There are many investment opportunities in the state and the Group has only unlocked the tip of the iceberg."

Mr. Lai Kwok Kin, Founder and Group Managing Director of the WeR1 Group, said, "Malaysia is witnessing a significant wave of infrastructure development that will have a wide-ranging impact on the economy, the urban landscape and the real estate sector. WeR1 is honoured to partner the Singapore Exchange in hosting senior executives from Johor and Melaka, as well as from Astaka Holdings and Hatten Land, for this seminar to update Singapore's investment community."

Media and Investor Contact Information:
Name: Ian Lau
Email: ianlau@wer1.net
Tel: +65 6737 4844

About WeR1

The WeR1 group of companies offers Investor Relations and tech/startup PR services across Asia, with fully staffed offices in Singapore, Kuala Lumpur and Hong Kong. Since its establishment in 1999 it has provided IR services for IPO and on post-IPO retained basis for more than 150 corporations listed on regional and international exchanges, as well as numerous tech companies and startups. Its consultants have decades of domain experience in the media, investment banking and financial communications. WeR1 is the only Asian member of the prestigious Crisis and Litigation Communicators Alliance based in London. For more information, please visit: www.wer1.net

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CEL Celebrates 20th Anniversary with Gala Cocktail Reception

October 25, 2017, 4:49 am

≫ Next: NEC Releases New High-end HPC Product Line, SX-Aurora TSUBASA

≪ Previous: Malaysian Developers Listed on Singapore Exchange, Astaka Holdings and Hatten Land, Participate in Investment Seminar Hosted by SGX and WeR1

Past and present HKSAR Chief Executives, political and business leaders officiate as Group marks major milestone

HONG KONG, Oct 25, 2017 - (ACN Newswire) - China Everbright Limited ("CEL", stock code: 165.HK) today commemorated its 20th anniversary with a celebration cocktail at the Conrad Hotel Hong Kong, celebrating two decades since the Group was established in Hong Kong. More than 500 VIP guests from mainland China, Hong Kong and overseas were in attendance.

The celebration cocktail got off to a moving start with a ballet performance of an episode from the classic masterpiece of literature Don Quixote by the Group's long-term arts partner, the Hong Kong Ballet. Officiating guests for the event included Mr CY LEUNG, Vice-Chairman of the National Committee of the Chinese People's Political Consultative Conference; Mrs Carrie LAM, Chief Executive of the HKSAR Government; Mr CHEN Dong, Deputy Director of the Liaison Office of the Central People's Government in the HKSAR; Mr HU Jianzhong, Deputy Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the PRC in the HKSAR; Mrs Rita FAN, Member of the Standing Committee of the Twelfth Session of the National People's Congress; Mr James LAU, Secretary for Financial Services and the Treasury; and Mr LIU Mingkang, former chairman of the China Banking Regulatory Commission. They joined Mr TANG Shuangning, Chairman of China Everbright Group, Mr CAI Yunge, Deputy General Manager of CEL, and Mr CHEN Shuang, Executive Director and Chief Executive Officer of CEL, to present a toast together at the ceremony.

Mr CHEN Shuang, Executive Director and Chief Executive Officer of CEL, delivered the opening speech, where he expressed a warm welcome to the event's guests. "CEL is not only the product of China's financial reform, but also an explorer driven by the development of China's financial markets," he said. "In Hong Kong where numerous financial institutions are operating, CEL has constantly grown, transformed and broken through barriers to place itself at the forefront of China's development and Hong Kong's internationalisation. We thank you for the long-time care and support from the community, and we look forward to working together and creating a better future."

During his speech, Mr TANG Shuangning, Chairman of China Everbright Group, said, "China Everbright Group served as an important foothold for the early stage of China's reform and opening. Since it was established 20 years ago, the Group has also walked hand in hand with Hong Kong throughout the city's development. CEL, the cross-border financial flagship of China Everbright Group, has made tremendous efforts over the past two decades to grow itself into a leading cross-border investment and asset management company, both in China and overseas, creating a wealth of valuable assets along the way. As we look to the next 20 years, it is my sincere wish for CEL to have an even brighter future, moving confidently ahead as a first-class international asset management company." Mr TANG also wrote a Chinese poem to celebrate CEL's 20th anniversary.

Mrs Carrie LAM, JP, Chief Executive of the HKSAR Government, said, "Twenty years ago, CEL was established in Hong Kong, offering diversified financial services for mainland clients to participate in overseas investment. Today the company's leadership position in cross-border investment and asset management in well-recognised. I wish the industry can leverage Hong Kong's advantage as an international and commercial centre, capture Hong Kong's development opportunities, and thus contribute to our country's growth and prosperity."

A committed corporate citizen throughout the Group's two decades in Hong Kong, CEL took the opportunity of its 20th anniversary celebration to present a cheque for HK$1.25 million to Orbis as the title sponsor of "Orbis Everbright Moonwalkers 2017", a fundraising initiative supporting Orbis' global efforts to help patients suffering from blindness and visual impairment regain their sight.

Guests and media were able to gain a comprehensive overview of CEL's two decades of growth with a CEL Investment Sectors Zone featuring the Group's investments, as well as a CEL Milestones Display Zone showcasing its corporate milestones. The CEL Investment Sectors Zone showed key areas of investment and major industries covered within the Group's portfolio, including real estate, pharmaceuticals, elderly care, new energy, infrastructure, advanced technology, high-level manufacturing, aircraft leasing, financial technology and cultural consumption. Featured businesses included China UMS, GDS, Goldwind, CECEP Wind-power Corporation, Nanjing Gaosu Chuandong, HC SemiTek, Beijing Genomics Institute, Betta Pharmaceuticals Co., Ltd., Beingmate, Focus Media, iQiYi, Miaopai, Albania Capital Airport, Wish, BEP and Beijing Huichen Nursing Home. Guests could walk along a specially designed corridor and familiarise themselves with CEL's successful investments and perspectives on different sectors.

The CEL Milestones Display Zone took guests through CEL's two decades of development, evolution and achievements since its establishment in 1997, leading to the Group's position today as a specialist in cross-border investment and asset management. This success is achieved through CEL's flexibility with market developments. The Group is now setting its sights on the world for the next stage while remaining based in Hong Kong and deeply rooted in China.

About China Everbright Limited
China Everbright Limited (CEL, stock code: 165.HK) was established in Hong Kong in 1997 and is China's leading cross-border investment and asset management company. Its parent company is China Everbright Group. CEL manages private equity funds, venture capital funds, industry funds, mezzanine funds, parent funds, fixed income and equity funds. The bank utilises strong private capital and cultivates a number of high-growth-potential enterprises together with its investors. While closely following the development requirements of Chinese companies, it also seamlessly merges the best in overseas technologies with the Chinese market, providing multi-faceted service to Chinese clients involved in overseas investment.

As at the end of June 2017, CEL managed 38 funds and completed fundraising efforts in the amount of HKD 106.6 billion. Through both proprietary funds and the funds it manages, CEL has invested in companies both in China and globally, including China UMS, GDS, Goldwind, CECEP Wind-power Corporation, Nanjing Gaosu Chuandong, HC SemiTek, Beijing Genomics Institute, Betta Pharmaceuticals Co., Ltd., Beingmate, Focus Media, iQiYi, Miaopai, Albania Capital Airport, Wish and BEP. It has invested in a total of over 300 companies, covering fields including real estate, pharmaceuticals, new energy, infrastructure, advanced technology, high-level manufacturing, financial technology and cultural consumption. Of these, more than 150 companies have been listed in China or overseas, or were listed but have since withdrawn due to mergers and acquisitions.

CEL is the second-largest shareholder of Everbright Securities (stock code: 601788.SH, 6178.HK) and a strategic shareholder of China Everbright Bank (stock code: 601818.SH, 6818.HK). It is also the largest shareholder of Shanghai Jiabao Industry & Commerce Limited (stock code: 600622.SH). On the Hong Kong listing, it is the largest shareholder of China Aircraft Leasing Group Holdings Limited (stock code: 1848.HK). On the Singapore listing, it is the second-largest shareholder of Ying Li International Real Estate Limited (stock code: 5DM. SGX). CEL and its subsidiary companies currently have offices in Hong Kong, Beijing, Shanghai, Shenzhen, Tianjin, Singapore and Dublin.

CEL became one of the first Hong Kong stocks to be traded following the launches of the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programmes in April 2014 and December 2016.

CEL adheres to the motto "The Power to Transform". With a firm footing in Hong Kong - a true bridge between east and west - the Group is well positioned to take advantage of the long-term opportunities presented by changes in the Chinese market, respond flexibly, and become a leader in Chinese cross-border investment and asset management.

For more information, please visit www.everbright.com.

For enquiries, please contact:

Golin Hong Kong
Rebecca Sham
Tel: +852 2501 7952
Email: rsham@golin.com

Gary Lai
Tel: +852 2501 7905
E-mail: glai@golin.com

Photos link: https://www.webcargo.net/l/1MnQNSpr2B/

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NEC Releases New High-end HPC Product Line, SX-Aurora TSUBASA

October 25, 2017, 4:51 am

≫ Next: CITIC Telecom CPC Reveals New Name for Linx Telecommunications B.V and Enters a New Era in Connecting the World to the "Digital Silk Road"

≪ Previous: CEL Celebrates 20th Anniversary with Gala Cocktail Reception

- New computing platform expands the horizons of supercomputing, Artificial Intelligence and Big Data analytics -

TOKYO, Oct 25, 2017 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced the launch of a new high-end HPC product line, the SX-Aurora TSUBASA. This new platform drastically increases processing performance and scalability on real world applications, aiming for the traditional application areas, such as science and engineering, but also targeting the new fields of Machine Learning, Artificial Intelligence and Big Data analytics. With this new technology, NEC opens supercomputing to a wide range of new markets, in addition to the traditional HPC arena.

Utilizing cutting-edge chip integration technology, the new product features a complete multi-core vector processor in the form of a card-type Vector Engine (VE), which is developed based on NEC's high-density interface technology and efficient cooling technology.

Kimihiko Fukuda, Executive Vice President, NEC Corporation, said, "The new product addresses the needs of scalar computational capability while still providing the efficiency of a vector architecture. This is accomplished through a tightly integrated complete vector system in the form of a Vector Engine Card."

"We provide a comprehensive range of products to address widely diversified needs, from a deskside tower for the individual scientist, to a high-end system for large computer centers. Compared to NEC's previous generation platform, the SX-Aurora TSUBASA is highly power efficient and compact, providing five times the performance per Watt, and ten times the performance per square meter of floor space."

This new product line is not only binary compatible, it features the same hardware architecture and software environment, which is ideal for software developers and enables users to run the same application for a variety of systems, ranging from a deskside tower to the largest high-end configuration, without having to make changes inside the application.

NEC will present the SX-Aurora TSUBASA at the world's largest international supercomputing conference and exhibition, "SC17," from November 13 to 16, 2017, Denver, Colorado, U.S.A.

About NEC Corporation

NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.

Based on its Mid-term Management Plan 2015, the NEC Group globally provides "Solutions for Society" that promote the safety, security, efficiency and equality of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, please visit http://www.nec.com/en/global/about/solutionsforsociety/message.html.

Contact:
NEC 
Seiichiro Toda         
s-toda@cj.jp.nec.com 
+81-3-3798-6511

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CITIC Telecom CPC Reveals New Name for Linx Telecommunications B.V and Enters a New Era in Connecting the World to the "Digital Silk Road"

October 26, 2017, 2:32 am

≫ Next: China Everbright and Walden International Launch Special Private Equity Fund for Semiconductor, IT Industries

≪ Previous: NEC Releases New High-end HPC Product Line, SX-Aurora TSUBASA

CITIC Telecom CPC becomes one of the first Asian managed service providers to host Points of Presence (POPs) along the "One Belt, One Road"

LONDON, Oct 26, 2017 - (ACN Newswire) - CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited ("CITIC Telecom") (SEHK: 1883), today announced that after CITIC Telecom CPC completed its acquisition of Linx Telecommunication B.V., the merged company is named CITIC Telecom CPC Europe ("CPC Europe"). It also marks a new era to the company as it becomes one of the first Asian managed service providers to own Points of Presence (POPs) across a multitude of countries along the 'Digital Silk Road.'

"The company's new name is meant to convey a sense of being a single unified company with aligned capabilities. It not only leverages the excellent brand reputation of its parent company domestically and overseas, but also more accurately reflects the company's enhanced business focus on Europe and the CIS telecommunications arena," said Mr. Stephen Ho, CEO of CITIC Telecom CPC. "Furthermore, we are starting a new era by expanding our coverage to 140+ points of presence (POPs) in 130 countries which covers critical locations along the "Digital Silk Road," providing a shorter path and direct connect to the Greater China region. This helps and empowers our enterprise customers and carrier partners to expand their global footprints by leveraging our top-of-the-line infrastructure, solutions and services, local expertise and ramping up our capabilities in new ICT areas."

Connecting the world to "Digital Silk Road"

The 'Digital Silk Road', connecting Asia, Europe and Africa, is also known as China's "One Belt, One Road" economic cooperation initiative, and has significant potential from infrastructure financing. It is backed by the European Bank for Reconstruction and Development (EBRD) to establish a strong focus on attracting new sources of investment into different countries. High growth areas along the Digital Silk Road include Russia, Eastern Europe, Central Asia, Kazakhstan and Azerbaijan.

According to data from Mergermarket*, Chinese enterprises' M&As in Europe and North America have experienced impressive growth - accounting for USD78.9 billion and USD37.9 billion respectively in the first half of 2016, an YoY increase of over 300%. The top five destination countries (Switzerland, the United States, Germany, Finland and the United Kingdom) attracted more than 77% of M&A value.

Mr. Ho continued: "Accelerating internationalization and digitalization, the markets along the "One Belt, One Road" route offer huge development potential. Information interconnectivity is the basis and a development priority of the initiative."

Establishing itself as a key global player in managed ICT services, CITIC Telecom CPC can now support a greater number of enterprises along the Digital Silk Road, tapping into CITIC Telecom CPC Europe's vast network resources in Central and Eastern Europe. CITIC Telecom CPC's go-to-market strength has also increased, enabling huge growth opportunities for Asian enterprises expanding into Europe, as well as European corporations trading in Asia.

"Our mission to connect the world to the Digital Silk Road is closer to fulfillment, as we support customers to invest and operate in Central Europe, Eastern Europe and Russia. The acquisition of CITIC Telecom CPC Europe (formerly Linx Telecommunications B. V.) fits very well into this strategy and now we have a particularly powerful proposition for our customers. In Europe, our partners have expressed how beneficial the acquisition is to them, because some of the services that they are enjoying in Asia are now migrating to this new and exciting area, offering a host of new investments," said Mr. Ho.

Infrastructure enhancements "Strive for Service Excellence"

To sustain its ongoing business success through a customer-focused strategy, CITIC Telecom CPC continues to further enhance its service infrastructure and expand market coverage by ongoing development of innovative managed services. In the last six months, the company successfully enhanced its service infrastructure with the latest technologies. It works with world-class IT solution partners, including BMC and Fortinet, to enhance its overall service platform - spanning service management and information security platform, as well as Juniper Networks' MX series Universal Services Routers and QFX series Ethernet Switches to upgrade its network infrastructure - delivering the highest quality services to customers.

Innovation Never Stops

Mr. Ho concluded: "Our motto, innovation never stops, has two sides to it. Internally, we look to our colleagues and employees who are driving innovations because innovation is part of what we are as a company. We don't just focus on technologies and processes as we are the whole package, and we want to show this to our customers. Externally, we want our customers to know that we are not stagnated. We are a company that is continuing to move forward in this ever-changing and tremendously exciting era."

* Source: http://tinyurl.com/ybt8q6gf

About CITIC Telecom CPC
CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serves multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon the company's flagship technology suites comprising TrueCONNECT(TM) MPLS VPN services, TrustCSI(TM) information security solutions, DataHOUSE(TM) global unified cloud data center solutions, and SmartCLOUD(TM) cloud computing solutions.

As one of the first managed service providers in Hong Kong to achieve ISO 9001, 14001, 20000, 27001, and 27017 ICT-related certifications, CITIC Telecom CPC delivers on its superior quality commitment through a broad global footprint encompassing some of the highest growth markets in Asia, Europe and America, with over 140 points of presence, 15+ Cloud service centers, 30+ data centers, and two dedicated 24x7 Security Operations Centers.

At CITIC Telecom CPC, "Innovation Never Stops."

For more information please visit www.citictel-cpc.com

Media Contacts:

CITIC Telecom International CPC Limited Headquarters (Hong Kong)

Micty Wong
(+852) 2170 7511
Email: micty.wong@citictel-cpc.com

Rowena Leung
(+852) 2170 7536
Email: rowena.leung@citictel-cpc.com

↧

China Everbright and Walden International Launch Special Private Equity Fund for Semiconductor, IT Industries

October 25, 2017, 7:52 pm

≫ Next: NEC Reinforces Cyber Security for ASEAN Administration

≪ Previous: CITIC Telecom CPC Reveals New Name for Linx Telecommunications B.V and Enters a New Era in Connecting the World to the "Digital Silk Road"

HONG KONG, Oct 26, 2017 - (ACN Newswire) - During today's Everbright Investment Conference 2017 in Hong Kong, China Everbright Limited ("CEL", 165.HK) and globally renowned investment firm Walden International Group jointly announced the official launch of Walden CEL Global Fund I, L.P., a specially designed fund that will invest in companies operating in the semiconductor and industrial information technology sectors. Mr CHEN Shuang, Executive Director and Chief Executive Officer of CEL, and Mr Hing WONG, Managing Director of Walden International Group, attended the launch ceremony.

Walden CEL Global Fund I will concentrate on investing in business entities along the semiconductor and electronic information supply chain including but not limited to microchips, artificial intelligence, as well as hardware and software integration. With a target size of USD500 million, the Fund plans to leverage CEL's strength in cross-border investment and capital market operations as well as Walden's 30 years of accumulated semiconductor sector investment and fund operation experience. It is expected to make investments and initiate M&As in notable projects in global semiconductor area at the growth and maturity stages, realising potential returns both from the projects' technological developments and capital market movements. In addition, the Fund will create synergistic effects by importing the high-end technology and thriving business models of its portfolio companies into the Chinese market and augmenting CEL's project sources in mainland China. The Fund also plans to contribute to technological improvement and development in China's semiconductor industry.

According to the Semiconductor Industry Association (SIA), the total market revenue of the global semiconductor industry has reached USD338.9 billion in 2016, in which China has accounted for USD150 billion. On the demand side, China represents nearly half of global consumption and has established its leadership in market demand, Although American and European companies are still dominant in the core processes of state-of-the-art chip design, the processes for heavy asset manufacturing, equipment for upstream and downstream industrial chains, and packaging testing are increasingly relocating to Asia and especially China, which has gradually developed from a significant demand-side market to a technology and product supplier for the semiconductor industry - a trend that implies strong sector investment opportunities in future. The semiconductor industry, a fundamental support sector for the booming development of cloud computing, the internet of things, artificial intelligence and 5G networks, is expected to experience considerable increase in demand, while technological development in artificial intelligence is anticipated to encourage significant upgrades among more traditional industries. One of Walden CEL Global Fund I's key investment focuses will be innovative companies that drive technological advances with promising business applications.

About China Everbright Limited

China Everbright Limited (CEL, stock code: 165.HK) was established in Hong Kong in 1997 and is China's leading cross-border investment and asset management company. Its parent company is China Everbright Group. CEL manages private equity funds, venture capital funds, industry funds, mezzanine funds, parent funds, fixed income and equity funds. The bank utilises strong private capital and cultivates a number of high-growth-potential enterprises together with its investors. While closely following the development requirements of Chinese companies, it also seamlessly merges the best in overseas technologies with the Chinese market, providing multi-faceted service to Chinese clients involved in overseas investment.

As at the end of June 2017, CEL managed 38 funds and completed fundraising efforts in the amount of HKD 106.6 billion. Through both proprietary funds and the funds it manages, CEL has invested in companies both in China and globally, including China UMS, GDS, Goldwind, CECEP Wind-power Corporation, Nanjing Gaosu Chuandong, HC SemiTek, Beijing Genomics Institute, Betta Pharmaceuticals Co., Ltd., Beingmate, Focus Media, iQiYi, Miaopai, Albania Capital Airport, Wish and BEP. It has invested in a total of over 300 companies, covering fields including real estate, pharmaceuticals, new energy, infrastructure, advanced technology, high-level manufacturing, financial technology and cultural consumption. Of these, more than 150 companies have been listed in China or overseas, or were listed and have withdrawn due to mergers and acquisitions.

CEL is the second-largest shareholder of Everbright Securities (stock code: 601788.SH, 6178.HK) and a strategic shareholder of China Everbright Bank (stock code: 601818.SH, 6818.HK). It is also the largest shareholder of Shanghai Jiabao Industry & Commerce Limited (stock code: 600622.SH). On the Hong Kong listing, it is the largest shareholder of China Aircraft Leasing Group Holdings Limited (stock code: 1848.HK). On the Singapore listing, it is the second-largest shareholder of Ying Li International Real Estate Limited (stock code: 5DM. SGX). CEL and its subsidiary companies currently have offices in Hong Kong, Beijing, Shanghai, Shenzhen, Tianjin, Singapore and Dublin.

CEL became one of the first Hong Kong stocks to be traded following the launches of the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programmes in April 2014 and December 2016.

CEL adheres to the motto "The Power to Transform". With a firm footing in Hong Kong - a true bridge between east and west - the Group is well positioned to take advantage of the long-term opportunities presented by changes in the Chinese market, respond flexibly, and become a leader in Chinese cross-border investment and asset management. For more information about CEL, please visit www.everbright.com.

About Walden International Group

With a humble start of USD3 million, the hard work of our team and the support of investors, Walden is now a top tier VC firm with cumulative capital commitments totaling USD2.6 billion. Spanning geographies from India and Israel to Taiwan, Singapore and mainland China with a sharp focus on disruptive technologies and creating long term value for investors, Walden has facilitated the founding, growth and success of hundreds of high-tech companies across Asia. To date we have had 101 IPOs on 15 global exchanges and 71 M&As, such as Little Swan, Creative Technology, Mindray, Sina, DangDang, AutoNavi, IKang, SMIC, and some more recent companies like DJI, Best Logistics, and China Internet Holdings (Meituan/Dianping). Our targeted investment sector includes semiconductors, Internet and digital media, healthcare, automotive, and clean technology. In Silicon Valley, venture investments in the semiconductor industry have been declining drastically over the past few years. Walden views it as another opportunity to execute its "contrarian" strategy. In fact, Walden increased its investments in semiconductor companies and achieved great results in recent years in several portfolio companies such as Ambarella, Silergy, and GigaDevice. For more information about Walden International, please visit www.waldenintl.com.

For enquiries, please contact:

Mr Zhang Ye
Tel: +86 10 8349 6828 (Office); + 86 134 2611 7307(Cell)
Email: Zhangye@ebpcapital.com

Ms Fan Wenhan
Tel: +86 10 8349 6899 (Office); + 86 138 1176 5163 (Cell)
Email: Wenhan.Fan@everbright.com

↧

NEC Reinforces Cyber Security for ASEAN Administration

October 25, 2017, 9:26 pm

≫ Next: Huge Success for Everbright Investment Conference 2017 in Hong Kong as Top Minds Gather to Discuss New Megatrends in Finance and Investment

≪ Previous: China Everbright and Walden International Launch Special Private Equity Fund for Semiconductor, IT Industries

- "ASEAN-Japan Cybersecurity Cooperation Hub" provides training for administrative staff -

TOKYO, Oct 26, 2017 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced its provision of cyber security training for administrative staff of the Association of Southeast Asian Nations (ASEAN) through Japan's Ministry of Internal Affairs and Communications' "ASEAN-Japan Cybersecurity-Cooperation Hub" project.

In recent years, the importance of protecting digital information has become increasingly clear in the face of sophisticated cyberattacks that can cause extensive damages on a global scale. In response to this, NEC is helping to improve the early detection and effective handling of targeted cyber threats against ASEAN countries through an intensive training program for 40 ASEAN administrative staff.

This training will take place in the Philippine capital of Manila on October 26-27 with the cooperation of the Department of Information and Communications Technology (DICT). The training will be similar to the CYber Defense Exercise with Recurrence (CYDER) program that Japan's Ministry of Internal Affairs and Communications has provided since 2013. It provides participants with first-hand experience that enables them to effectively respond to cyberattacks.

The ASEAN-Japan Cybersecurity Cooperation Hub project was launched at the Japan-ASEAN Telecommunications and IT Ministers Meeting (TELMIN) in November 2016 through the Japan-ASEAN Integration Fund 2.0 (JAIF), which aims to strengthen human resource development in the ASEAN region.

In addition to the training of administrative staff, NEC also contributes to the program through support of the "Cyber South East Asia Games" (Cyber SEA Games), a competition that promotes the ability of young engineers and students from ASEAN countries to effectively handle cyberattacks.

Going forward, NEC will continue building relationships with government agencies and enterprises throughout the world in order to cultivate the necessary skills for protecting the safety and security of computing environments.

About NEC Corporation

NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.

Based on its Mid-term Management Plan 2015, the NEC Group globally provides "Solutions for Society" that promote the safety, security, efficiency and equality of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, please visit http://www.nec.com/en/global/about/solutionsforsociety/message.html.

Contact:
NEC 
Seiichiro Toda         
s-toda@cj.jp.nec.com 
+81-3-3798-6511

↧

Huge Success for Everbright Investment Conference 2017 in Hong Kong as Top Minds Gather to Discuss New Megatrends in Finance and Investment

October 26, 2017, 4:53 am

≫ Next: Decker & Co. and Pelham Smithers Associates Launch New Partnership

≪ Previous: NEC Reinforces Cyber Security for ASEAN Administration

HONG KONG, Oct 26, 2017 - (ACN Newswire) - "Everbright Investment Conference 2017", hosted by China Everbright Limited ("CEL", stock code: 165.HK) and themed "The Power to Transform", opened at Kerry Hotel Hong Kong today. Some 700 investment professionals, business leaders and economists were in attendance. The conference presents a platform for exchanging and sharing unique insights on topics concerning Hong Kong's financial development, the China market and global tech investments against the backdrop of constantly changing global economic environment.

Mr CHEN Shuang, executive director and chief executive officer of CEL, delivered the welcome address as well as a keynote speech on "Cross-border Investment Trends in China", which examined how CEL has succeeded over the last 20 years in building itself into a cross-border investment and asset management company by leveraging its foothold in Hong Kong and strong ties to the Mainland. He said that aligning with current market trends, CEL is cultivating the Mainland market through venture capital and private equity investment while also seeking collaboration in numerous sectors and practising efficient asset allocation both in China and overseas, and seizing promising future opportunities offered by Hong Kong.

This was followed by a keynote speech by Mr LIU Mingkang, former chairman of the China Banking Regulatory Commission, who shared his ideas on "The Development of the Greater Bay Area Connecting Guangdong, Hong Kong and Macau in the Context of the 19th Party Congress". Mr Liu opined that by taking advantage of the accumulative experience gained from the Greater Bay Area development, China will be able to draw important lessons for its de-capacity and deleveraging efforts as the country implements supply-side structural reform, where corporate insolvency, regulatory oversight over market exit mechanisms and the establishment of efficient markets come into play. He suggested that the government and market pioneers should enhance communications and take initiatives to push ahead with regulatory sandbox plans, providing a new platform for Hong Kong and Shenzhen to facilitate cross-border, in-depth exchanges of ideas and insights across sectors.

Introducing Hong Kong's financial development in a global context, Ms Laura CHA, chairman of the Financial Services Development Council of the HKSAR, said that over the years, Hong Kong has achieved tremendous success in financial and economic development against the backdrop of China's economic growth. The primary core value that warrants Hong Kong's success is a sound legal system that can provide a fair, transparent and international market environment. Given China's championing of the One Belt One Road initiative, Hong Kong is well positioned to take its market development to a new height.

Professor LI Zexiang, chairman of Da-Jiang Innovations Technology, then delivered a keynote speech on "Intelligent Manufacturing and Incubation of Tech Start-ups", sharing his insights from the perspective of technological innovation on how to leverage the Greater Bay Area's development to address issues of intelligent manufacturing and high-end equipment manufacturing that the Chinese economy will face in future. He remarked that the Greater Bay Area's development will be driven by its laws, policies, academic achievements and other competitive strengths, such as hardware, robotics, artificial intelligence and even life science.

In the following panel discussions, professional management teams of companies invested by CEL have in-depth interaction with guests. The conference's first panel discussion, "How Technology Is Changing the World of Finance", saw Mr DAI Wenyuan, founder and CEO of 4Paradigm, Mr XU Bing, co-founder and vice president of SenseTime Group and Mr William ZHAO, CEO of Mashang Consumer Finance, engaged in in-depth discussion.

In the second panel discussion, Mr Jason JIANG, chairman of Focus Media, Mr ZHANG Ling, chief operating officer of BGI Genomics Co., Ltd., Mr WANG Degen, president of Huaxi Hope Group, and Mr Donald TANG, founder, chairman and CEO of TMP, led a thematic discussion on "Investment Dynamics Driven by China's Consumer Upgrade".

CEL also held a launch ceremony and press briefing for Walden CEL Global Fund I, a newly established fund with investment focus in the semiconductor sector. Guests included Mr CHEN Shuang, executive director and chief executive officer of CEL, Mr James PAN, chief investment officer of CEL, Mr WANG Yizhe, managing director of China Everbright Limited, Mr Hing WONG, managing director of Walden International Group, Ms PENG Guie, partner of Walden International Group, and Mr Rong Zhicheng, partner of Walden International Group.

The conference also featured nine breakout sessions presenting CEL's business development in various sectors, ranging from new economy investment upgrades in primary market healthcare, pan-entertainment and new consumption to overseas infrastructure, real estate, global M&A, elderly care, secondary-market asset management, Everbright Haiyin Global Investment Fund, and structured investments and financing. Professional management teams outlined CEL's developments in these aspects. Business leaders and experts from across China were invited to participate in in-depth discussions according to their areas of interest.

The Conference dinner featured a discussion between Mr CHEN Shuang and Mr Neil SHEN, founder and managing partner of Sequoia Capital China, who examined investment hot spots and opportunities in the new economy.

This year marks the sixth edition of Everbright Investment Conference. Coinciding with the 20th anniversary of CEL's establishment in Hong Kong, this year's Conference has received wide recognition from the business and financial community, attracting higher participation than ever to further the Group's goal of enhancing its brand image and promoting its capability to leverage economic trends and develop cross-border asset management and investments.

For more information on Everbright Investment Conference 2017, please visit https://everbright-conference2017.com/.

About China Everbright Limited

China Everbright Limited (CEL, stock code: 165.HK) was established in Hong Kong in 1997 and is China's leading cross-border investment and asset management company. Its parent company is China Everbright Group. CEL manages private equity funds, venture capital funds, industry funds, mezzanine funds, parent funds, fixed income and equity funds. The bank utilises strong private capital and cultivates a number of high-growth-potential enterprises together with its investors. While closely following the development requirements of Chinese companies, it also seamlessly merges the best in overseas technologies with the Chinese market, providing multi-faceted service to Chinese clients involved in overseas investment.

As at the end of June 2017, CEL managed 38 funds and completed fundraising efforts in the amount of HKD 106.6 billion. Through both proprietary funds and the funds it manages, CEL has invested in companies both in China and globally, including China UMS, GDS, Goldwind, CECEP Wind-power Corporation, Nanjing Gaosu Chuandong, HC SemiTek, Beijing Genomics Institute, Betta Pharmaceuticals Co., Ltd., Beingmate, Focus Media, iQiYi, Miaopai, Albania Capital Airport, Wish and BEP. It has invested in a total of over 300 companies, covering fields including real estate, pharmaceuticals, new energy, infrastructure, advanced technology, high-level manufacturing, financial technology and cultural consumption. Of these, more than 150 companies have been listed in China or overseas, or were listed and have withdrawn due to mergers and acquisitions.

CEL is the second-largest shareholder of Everbright Securities (stock code: 601788.SH, 6178.HK) and a strategic shareholder of China Everbright Bank (stock code: 601818.SH, 6818.HK). It is also the largest shareholder of Shanghai Jiabao Industry & Commerce Limited (stock code: 600622.SH). On the Hong Kong listing, it is the largest shareholder of China Aircraft Leasing Group Holdings Limited (stock code: 1848.HK). On the Singapore listing, it is the second-largest shareholder of Ying Li International Real Estate Limited (stock code: 5DM. SGX). CEL and its subsidiary companies currently have offices in Hong Kong, Beijing, Shanghai, Shenzhen, Tianjin, Singapore and Dublin.

CEL became one of the first Hong Kong stocks to be traded following the launches of the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programmes in April 2014 and December 2016.

CEL adheres to the motto "The Power to Transform". With a firm footing in Hong Kong - a true bridge between east and west - the Group is well positioned to take advantage of the long-term opportunities presented by changes in the Chinese market, respond flexibly, and become a leader in Chinese cross-border investment and asset management.

For more information about CEL, please visit www.everbright.com.

For enquiries, please contact:

Golin Hong Kong
Rebecca Sham
Tel: +852 2501 7952
Email: rsham@golin.com

Gary Lai
Tel: +852 2501 7905
E-mail: glai@golin.com

Photos link: https://www.webcargo.net/l/pl3sjAlIus/

↧

Decker & Co. and Pelham Smithers Associates Launch New Partnership

October 26, 2017, 9:42 pm

≫ Next: Gemalto third quarter 2017 revenue

≪ Previous: Huge Success for Everbright Investment Conference 2017 in Hong Kong as Top Minds Gather to Discuss New Megatrends in Finance and Investment

All-Asia equities broker Decker & Co. has partnered with Japan-focused research provider Pelham Smithers Associates

SAN FRANCISCO, CA, Oct 27, 2017 - (ACN Newswire) - All-Asia institutional equities broker Decker & Co. has launched a new partnership with independent research provider Pelham Smithers Associates (PSA). London-based PSA produces company and sector reports on Asian technology with a focus on Japan. The firm's principals are decades-long Japan experts.

"We are proud to bring PSA's depth of insight to clients," said Mark Decker, founder and CEO of Decker & Co., which has offices in Silicon Valley, New York, and Asia. "This partnership stems from the fact that many large firms have backed away from what's new and undiscovered -- but investable ideas are as needed as ever."

The partnership incorporates Decker & Co.'s execution with PSA's research, which focused on finding winners and losers as new technologies impact consumer electronics, telecoms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail, and capital goods. Read more about PSA at www.pelhamsmithers.com.

Earlier in 2017, Decker & Co. expanded its coverage footprint to include developed markets in Asia. The firm launched in 2013 with a focus on ASEAN and Frontier Asia Markets. Institutional Investor magazine ranked Decker & Co. among the top Trading Leaders in the Asia region in 2017, including #2 in High-Touch Trading for Frontier Trading Markets.

About Decker & Co.
Decker & Co. is the leading Asia specialist brokerage based in the U.S. and will soon be the only boutique brokerage covering all of Asia. Its principals have been among the leading experts in Asian markets since the 1990s. The firm's clearing partner is Convergex Execution Solutions. Learn more at www.deckerco.com.

SAFE HARBOR
The information in this release may be based on management forecasts and reflects prevailing conditions and our views as of this date, all of which are accordingly subject to change. Past performance is not an indication of future performance.

Please contact:
Ben Bishop
The Lowe Group
T +1 414 777 1880
ben@lowecom.com

Contact:
Ben Bishop
The Lowe Group
T +1 414 777 1880
ben@lowecom.com

↧

Gemalto third quarter 2017 revenue

October 26, 2017, 11:00 pm

≫ Next: Eastman Announces Third-Quarter 2017 Financial Results

≪ Previous: Decker & Co. and Pelham Smithers Associates Launch New Partnership

- Third quarter revenue at EUR 751 million, up +3.4% at constant exchange rates
- Revenue growth acceleration in Government Programs, Machine-to-Machine and Enterprise
- SIM and Payment revenue decrease in line with Company's expectations
- Second semester revenue and profit from operations outlook confirmed

AMSTERDAM, Oct 27, 2017 - (ACN Newswire) - Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its revenue for the third quarter of 2017.

----------------------------------------------------------------------------
                                 Main Segments      Main Activities
                                 ----------------   ----------------
Third quarter 2017       Total   Payment&  Mobile   E&P*    P&S*    Patents&
(EUR in millions)                Identity                             Others
----------------------------------------------------------------------------
Revenue                   751       481     269     493     257         1
----------------------------------------------------------------------------
Y-on-Y variation at 
constant exchange rates   +3%       +7%    (2%)    (2%)    +15%     +108%
Y-on-Y variation at 
historical exchange rates   =
----------------------------------------------------------------------------
*E&P: Embedded software & Products
*P&S: Platforms & Services

Philippe Vallee, Chief Executive Officer, commented: "Gemalto posted revenue growth in the third quarter of 2017. The integration of the recently acquired Identity Management Business is progressing well, and contributed to the strong performance of Government Programs. Machine-to-Machine also grew double-digits and the Data Protection business line posted a sharp increase in Enterprise. On the other hand, the SIM market remains under pressure and US EMV continues its slow normalization process. We remain fully focused on delivering on our outlook in the fourth quarter.

Throughout the year we have progressively evolved our organization in order to better accompany our customers in their digital transformation and align the Company's resources with its long term vision which will be shared at our Strategy Day in March 2018. The plan will take the full measure of the changes in our historical markets and will focus on leveraging our unique set of core technologies."

Full Document download: http://bit.ly/2i8dzfS

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2016 annual revenues of EUR 3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

From secure software to biometrics and encryption, our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.
Gemalto's solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software - enabling our clients to deliver secure digital services for billions of individuals and things.

Our 15,000+ employees operate out of 112 offices, 43 personalization and data centers, and 30 research and software development centers located in 48 countries.

For more information visit www.gemalto.com, or follow @gemalto on Twitter.

Investor Relations
Jean-Claude Deturche
M.: +33 6 2399 2141
jean-claude.deturche@gemalto.com

Sebastien Liagre
M.: +33 6 1751 4467
sebastien.liagre@gemalto.com

Winston Yeo
M.: +33 6 2947 0814
winston.yeo@gemalto.com

Corporate Communication
Isabelle Marand
M.: +33 6 1489 1817
isabelle.marand@gemalto.com

Media Relations Agency
Suzanne Bakker
M.: +31 6 1136 8659
suzanne.bakker@citigateff.nl

↧

Eastman Announces Third-Quarter 2017 Financial Results

October 27, 2017, 2:00 am

≫ Next: NEC to Provide Qatar's Ooredoo Group with Microwave Communications and IP/MPLS Systems

≪ Previous: Gemalto third quarter 2017 revenue

KINGSPORT, Tenn., Oct 27, 2017 - (ACN Newswire) - Eastman Chemical Company (NYSE:EMN) today announced reported earnings of $2.22 per diluted share for third quarter 2017 versus $1.56 per diluted share for third quarter 2016. Adjusted earnings were $2.19 per diluted share for third quarter 2017 versus $1.86 per diluted share for third quarter 2016. For detail of the adjustments and reconciliation to reported company and segment earnings for all periods presented, see Tables 3A and 4A.

"Once again, we delivered outstanding year-over-year growth in adjusted EPS, reflecting the strength of our portfolio as well as our ability to leverage solid underlying business conditions for growth. Our specialties continued their strong performance, marked by exceptional growth in Additives & Functional Products," said Mark Costa, Board Chair and CEO. "Over the past several weeks, we have also responded with extraordinary professionalism and decisiveness as we faced hurricanes in the U.S. and the coal gasification incident at our Kingsport facility. With both of these challenges, our ability to minimize disruption and reduce impact is a testament to our scale, vertical integration, and the tremendous capability and determination of the Eastman team."

Full Document download: http://bit.ly/2lm1bho

About Eastman

Eastman is a global advanced materials and specialty additives company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction, and consumables. Eastman focuses on creating consistent, superior value for all stakeholders. As a globally diverse company, Eastman serves customers in more than 100 countries and had 2016 revenues of approximately $9.0 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 14,000 people around the world. For more information, visit www.eastman.com.

Contacts:

Media: Tracy Kilgore Addington
423-224-0498 / tracy@eastman.com

Investors: Greg Riddle
212-835-1620 / griddle@eastman.com

ex99_01 2017.09.30 CC Tables FINAL http://hugin.info/150386/R/2145171/822268.PDF

###

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eastman Chemical Company via Globenewswire

↧

NEC to Provide Qatar's Ooredoo Group with Microwave Communications and IP/MPLS Systems

October 27, 2017, 3:10 am

≫ Next: Key Dynamics Revolutionising the Asian Gas Market take Centerstage at GAS 2017

≪ Previous: Eastman Announces Third-Quarter 2017 Financial Results

TOKYO, Oct 27, 2017 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced that it has signed a global frame agreement with Ooredoo Group, a leading international communications company based in Qatar, to provide microwave communications systems and IP/MPLS (Multi-Protocol Label Switching) systems.

This agreement will apply to Ooredoo Group's operating companies located in 10 countries across the Middle East, North Africa and Southeast Asia. Through the agreement, NEC will provide total support for the introduction of its microwave communications systems, including iPASOLINK, as well as the deployment of its IP/MPLS systems and provision of maintenance services over the next three years.

"We are honored to sign this agreement with Ooredoo Group, as it enables NEC to expand the reach of its high speed, scalable and highly reliable microwave and IP/MPLS systems," said Mr. Mitsuhiro Murooka, General Manager, Global Corporate Sales Division, NEC Corporation. "NEC will continue to provide advanced telecommunications-related solutions to the Ooredoo Group as part of contributing to the sophistication and diversification of their communication services."

About NEC Corporation

NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.

Based on its Mid-term Management Plan 2015, the NEC Group globally provides "Solutions for Society" that promote the safety, security, efficiency and equality of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, please visit http://www.nec.com/en/global/about/solutionsforsociety/message.html.

Contact:
NEC 
Seiichiro Toda         
s-toda@cj.jp.nec.com 
+81-3-3798-6511

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Key Dynamics Revolutionising the Asian Gas Market take Centerstage at GAS 2017

October 26, 2017, 8:00 pm

≫ Next: Tongda Group records a 36.8% increase in 3Q2017 Net Sales

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The event continues to be a strategic platform for up-to-date discussions across the value chain

SINGAPORE, Oct 27, 2017 - (ACN Newswire) - The Gas Asia Summit & Exhibition (GAS 2017) kicked off its 5th Edition this week with hard-hitting insights from across the natural gas and Liquefied Natural Gas (LNG) value chain. With global demand for gas expected to grow by 1.6% per annum over the next five years (according to the International Energy Agency), GAS 2017 provided attendees with a critical overview of their industry, and knowledge to better navigate this dynamic sector and understand the opportunities present in gas markets across the region.

Themed "Connecting the Gas & LNG Value Chain across Asia", GAS 2017 is expected to attract over 1,200 regional and international attendees over the two-day event. Starting the day was Mr Gerard Leeuwenburgh, Vice President - Asia, dmg :: events Asia Pacific Pte Ltd, who set the stage, emphasising the crucial role Gas & LNG must play in developing a more carbon neutral energy supply for a growing Asian population with increasing energy demand in coming years.

This sentiment was shared by Mr Daniel Reinbott, Partner, Ashurst LLP. He added, "Promoting natural gas, particularly as a replacement to other less clean fossil fuels, is key for the future and success of gas in the region, while the alignment of stakeholders across the gas value chain is essential."

With Singapore earmarked as a future Asian LNG hub, the government is putting initiatives in place. In an announcement on Wednesday by Dr Koh Poh Koon, Singapore's Senior Minister of State for Trade and Industry, Pavilion Gas and Shell Eastern Trading were both formally issued with LNG import licences, ending an exclusive franchise previously awarded BG, now Shell. Singapore has also lifted the moratorium on Piped Natural Gas (PNG) imports to encourage greater competition among gas suppliers.

Looking through the lens of the buyer and supplier, several key insights were highlighted by both parties when considering the future direction of Global Gas & LNG Trade:

- Uncertainty in supply and demand patterns, but opportunities are abundant

Global oversupply will continue into the next decade, leading to depressed prices for LNG and plants around the world running below capacity, adding uncertainty on future supply patterns.

The global market is currently dominated by new suppliers, with ASEAN exporters losing market share. Rising domestic demand in the region has also led to less exports from this region. One such contender is Australia. The country is poised to overtake Qatar as the largest LNG exporter with the recent wave of projects. Australia's domestic gas crunch and new restriction policies set by the government could further restrain LNG exports.

Across the world, several supply development projects have been cancelled or delayed, adding to the unpredictability of supply delivery timelines. Cost optimisation for new and completed projects continues to be a key concern for suppliers and investors.

Additional factors include competition from other sources of energy such as coal in developing countries due to its low cost. Nuclear energy on the other hand, is expected to erode the demand in Japan. According to Masakazu Toyoda, Chairman and CEO, The Institute of Energy Economics, Japan, the recommissioning of nuclear plants in Japan will impact their LNG consumption. By 2020, their consumption is expected to go down when the projected reoperation of their nuclear plants is realised.

Despite coal being a dominant source of energy over the next ten years, Khurram Majeed, General Manager, Asia Pacific, Turbomachinery & Process Solutions, Baker Hughes, explained that the growth rate will be outpaced by the growth of renewables and gas. He projects that renewables will be the fastest growing segment in the energy mix in the next decade.

Demand for LNG in Thailand and Indonesia is expected to increase, fuelled by population and economic growth. Thailand's demand for LNG is forecast at 35 million tonnes per annum by 2036. Mr Porrasak Ngamsompark, Acting Director, Bureau of LNG Management, Ministry of Energy, Thailand, said that even with existing long term contracts, there was room for additional suppliers in the market. Thailand currently relies on gas for 70% of its power production, but domestic LNG production will decline with diversification of suppliers from around the world.

In Indonesia, challenges unique to the archipelago remain, but Pertamina is boosting its infrastructure to meet the gas demand in different parts of Indonesia. There is also growing supply from emerging markets such as Mozambique.

- There is a need for a price index that is relevant to the Asian market

A number of speakers too echoed the importance of moving away from the traditional oil index to an Asian-based price index. Having a gas pricing that better reflects gas supply and demand dynamics here remains vital to the long-term prospects of the gas market. New price signals will create greater contract and market flexibility to the benefit of consumers and producers.

- Policy support and cross regional collaborations vital to LNG growth

Supportive policies across the region are vital to maintaining LNG industry prospects in the long term. Sharing this sentiment was Dr Sun Xiansheng, Secretary General, International Energy Forum, "The role of policy support is very important to ensure the demand for LNG in Asia."

A strong push towards renewables and gas, coupled with investment in infrastructure across the value chain, may cause demand to rise. Singapore is retooling itself as a gas hub by adding infrastructure and supporting new business initiatives. The injection of funds, expertise and technology can also extend beyond geographical boundaries.

Japan recently announced $10 billion in support of joint private enterprise and government projects to supply LNG or build LNG infrastructure in Asia. In Southeast Asia, Thailand is currently conducting a feasibility study for constructing an LNG receiving & distribution terminal in Myanmar, in order to facilitate onshore LNG transportation to Thailand.

The impact of geopolitical change on the economy was further elaborated by Mr Simon Baptist, Chief Economist, The Economist Intelligence Unit. He shared a view that new price dynamics would keep the oil price in a narrower range, but escalation of the Qatari crisis could cause gas prices to spike. Natural gas prices will continue to converge.

The Conference turned to the recent momentum of gas in the energy mix, comparing it to other renewables and to coal at the roundtable session. Participants debated the potential of battery storage, the future of the combustion engine, and predictions of fossil fuels here to stay, especially with the thirst for energy from developing countries.

Advances in technology will be the disruptor in the energy arena. Renowned oil and gas companies venture increasingly into the energy sector, and growing battery markets.

- Interactive sessions with live polling reflecting the dynamism of the industry

As part of a rapidly evolving industry, GAS 2017 incorporates new elements this year. Through interactive sessions, delegates are able to pose questions to experts and gain first hand advice on their business ideas, services, and solutions. The live polling conducted yesterday also revealed that there was a resounding agreement that gas will remain the preferred transition fuel to a sustainable energy future.

- A marketplace for networking, creating and maintining profitable connections

As an extension to the conference, the free-to-attend Exhibition was also abuzz with activity. Over 1,200 visitors registered to visit the exhibition floor, seeking new business opportunities and strengthening existing relations through discovering latest developments. Exhibitors took every opportunity to showcase their innovations and solutions, important to further advancing the market.

Photos from this year's GAS are available at:
https://www.dropbox.com/sh/6vegxj1q8y6ka2w/AACYUNK6hPMDo0S9BwHveon7a?dl=0
Please attribute photos to GAS 2017.

About Gas Asia Summit & Exhibition (GAS) 2017

Gas Asia Summit & Exhibition (GAS) returns in its 5th edition to the Marina Bay Sands in Singapore from 25 to 27 October 2017 as part of the Singapore International Energy Week (SIEW). GAS is the legacy event to the Gastech Conference & Exhibition - the world's largest event for the natural gas & LNG industry and also encompasses the Asia Pacific Small & Mid-Scale LNG (APAC LNG) Forum.

This multi-stream event gathers a global spectrum of VIPs, C-level executives, business leaders, technical experts and industry practitioners. It is a crucial business platform for the natural gas and LNG industry in Asia to discuss regional developments, discover innovative solutions and build profitable business relations. Learn more about the Gas Asia Summit (GAS) at www.gasasiasummit.com.

About dmg :: events

A trusted brand for more than 40 years, dmg :: events (Global Energy) has organized many of the world's most important exhibitions and conferences including ADIPEC in Abu Dhabi, Gastech in Japan and Global Petroleum Show in Calgary, Canada. Our flagship events are ranked among the top 10 energy events in the world. Our expertise and networks allow us to provide the best content, targeted audiences and strategic marketing campaigns to get you face-to-face with more business contacts. For further information, please visit www.dmgevents.com.

For media enquiries, please contact:
Rohaila Eas
dmg :: events
RohailaEas@dmgevents.com

Lee Ling Ling
Ninemer Public Relations P L
leelingling@ninemer.com

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Tongda Group records a 36.8% increase in 3Q2017 Net Sales

October 27, 2017, 2:02 am

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Orders of High Volume Consumer Rise

HONG KONG, Oct 27, 2017 - (ACN Newswire) - Tongda Group Holdings Limited (the "Company", together with its subsidiaries, the "Group") (SEHK: 698) has presented the operating position for the nine months ended 30 September 2017.

Based on the unaudited consolidated management accounts of the Company for the Period, the turnover of the Company was HK$6,127 million, rose13.7% Period-over-Period; turnover of the third quarter 2017 was HK$2,509 million, up 36.8% sequentially compared to the second quarter 2017 and up 16.8% from HK$2,148million in the same quarter 2016.

The third quarter results reflect the positive impact of the high volume consumer ramps on the casing products, the liquid silicone rubber ("LSR") and precision molding parts. Major models produced include Redmi 4X, Redmi NOTE5 and Mi MAX 2 from Xiaomi as well as NOVA2, NOVA2 PLUS, Honor 9, MATE9, P10 and Maimang 5 from Huawei. The Group already possessed the technology and production capacity for one-stop production of 3D glass casings. During the Period, orders of glass casing from ASUS and Moto were received. The revenues derived from sales to the top five customers during the Period amounted to approximately HK$3,886 million, which represented approximately 63%, of the total revenue (2016: HK$3,542 million, represented 66% of the total revenue).

Mr. Wang Ya Nan, Chairman and CEO of Tongda Group, said, "Looking ahead, the Group is optimistic about the business prospects for the fourth quarter."

About Tongda Group Holdings Limited

Tongda Group is the world's leading solutions provider of high-precision components used in smart mobile communication and consumer electronic products. The Group has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 2000, under the Information Technology - IT Hardware category, and has been selected as a constituent stock in the Hang Seng Composite SmallCap Index, Hang Seng Broad Consumption Index, Hang Seng Global Composite Index and the MSCI Global Small Cap Indices - China Index. The group garners the DHL/SCMP Hong Kong Business Awards 2015 - Enterprise Award and has been selected to the Forbes Asia's 200 "Best Under A Billion" list in 2016. Mr. Wang Ya Nan, Chairman and CEO of the Group has been named the winner in the technology category of EY Entrepreneur of the Year China 2016.

Leveraging its leading In-Mold Lamination ("IML"), metal casing production and rubber parts business technology and first-tier customers in the PRC's robust consumer market, the Group has established a solid presence in the markets for handsets, electrical appliances and notebook computer casings and related products. The Group is dedicated to satisfying customers' needs through establishing global service networks in various regions, with strategically located production bases in Shishi city, Xiamen, Shanghai and Shenzhen, as well as R&D centres in Shanghai and Taiwan.

For press enquiries:

Strategic Financial Relations Limited
Vicky Lee,
+852-2864-4834 , vicky.lee@sprg.com.hk
Angela Ng
+852-2864-4855, angela.ng@sprg.com.hk
Angela Wong
+852-2114-4953, angela.wong@sprg.com.hk
Fax: 2527 1196

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