MHPS: Combustion Tuning System Using AI Technology Shown to Provide Cost Reduction Effect of Around $1M Annually

June 10, 2018, 7:11 pm

≫ Next: China All Access Disposes Entire Equity Interests in Hebei Noter and Hebei Haoguang at Cash Consideration of RMB 1.75 Billion

≪ Previous: Showa Aluminum Can completes Second Production Base in Vietnam

Linkou Thermal Power Plant operated by Taiwan Power Company

- Upgrade to the System Installed at Taiwan Power Company's Linkou Thermal Power Plant -

- Result of verification testing on the No.2 boiler that began operations in spring 2017
- Component of the MHPS-TOMONI digital solutions service
- Addition of combustion tuning functionality taking into account economic aspects such as boiler efficiency and auxiliary power, optimizes several process values

YOKOHAMA, Japan, Jun 11, 2018 - (JCN Newswire) - Mitsubishi Hitachi Power Systems (MHPS) upgraded the boiler combustion tuning system using artificial intelligence (AI) technologies at Taiwan Power Company's Linkou Thermal Power Plant, and demonstrated an improved fuel economy effect that reduces costs by up to around $1 million annually. This result was achieved by upgrading the plant's No. 2 boiler with newly added combustion tuning functionality that takes into account economic aspects such as boiler efficiency and auxiliary power, in order to enhance the combustion tuning with the aim of optimizing several process values.

The AI system is one of the components of MHPS-TOMONI, MHPS' digital solutions service to support optimization of thermal power plant operations, and has been functional since the trial operations period in the latter half of FY3/17, prior to the start of commercial operation of the No.2 boiler in spring 2017. MHPS is providing the Linkou Thermal Power Plant with three sets of coal-fired supercritical-pressure boilers and steam turbines, each with outputs of 800 megawatts (MW). The first two sets are currently in commercial operation.

Combustion tuning is generally conducted by experienced engineers who adjust the various parameters set during the program run-time, such as flue-gas emission characteristics, combustion balance, steam temperature characteristics, and boiler efficiency, in order to optimize the process. By taking time from the start of operations for the Linkou Thermal Power Plant's No. 2 boiler to become thoroughly familiar with its operation, and learn the characteristics of the boiler, the system was able to achieve combustion tuning functionality to handle a range of coal types. Further, the AI system was provided with information on additional changes to process values related to economic aspects such as boiler efficiency and auxiliary power, and was used to propose the optimal parameters. As a result, the AI's suggested parameters led to further improvements in economic efficiency.

Through the development of the boiler AI system, MHPS aims streamline operational and maintenance costs through digital analysis of the large volume of complex data on boiler operations, and provide power companies in Japan and around the world with tools for indicating incompatibility and the early detection of anomalies. This combustion tuning system is a core component of a comprehensive system, currently under development, that will eventually enable AI-controlled operation of thermal power plants.

The MHPS-TOMONI solution comprises three elements--operation and maintenance (O&M), performance enhancement, and operability improvement. Going forward, MHPS will continue to work to enhance its sophistication, including improving precision and expanding the scope of applicable functionality. We will also incorporate the results from this project in systems for other customers as part of the MHPS-TOMONI digital solution.

http://www.acnnewswire.com/topimg/Low_LinkouThermalPowerPlant.jpg
Linkou Thermal Power Plant operated by Taiwan Power Company

Find further information about MHPS-TOMONI at https://www.changeinpower.com/mhps-tomoni/

About Mitsubishi Hitachi Power Systems, Ltd.

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) was formed on February 1 2014, integrating the thermal power generation systems businesses of Mitsubishi Heavy Industries, Ltd. (MHI) and Hitachi, Ltd. in a quest to further enhance their social response capabilities in all respects. These include the technological strength to create new products of outstanding quality and reliability, the comprehensive strength in engineering to oversee projects in regions across the globe, and finely honed sales and after-sale servicing capabilities. MHPS aims to come out a winner in global competition and achieve a solid position as a world leader in thermal power generation systems and environmental technologies. For more information, please visit www.mhps.com.

Contact:
Joseph Hood, PR Manager
Mitsubishi Heavy Industries, Ltd.
Email: mhi-pr@mhi.co.jp
Tel: +81-(0)3-6716-2168
Fax: +81-(0)3-6716-5860

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China All Access Disposes Entire Equity Interests in Hebei Noter and Hebei Haoguang at Cash Consideration of RMB 1.75 Billion

June 10, 2018, 9:23 pm

≫ Next: KDDI Subsidiaries to market UiPath RPA Platform in Asia

≪ Previous: MHPS: Combustion Tuning System Using AI Technology Shown to Provide Cost Reduction Effect of Around $1M Annually

Divests Mature Business and Increases Cash Reserve
Invests into the Future with High Growth Opportunity
Optimizes Business Structure, Focuses on Advanced Technology

HONG KONG, Jun 11, 2018 - (ACN Newswire) - China All Access (Holdings) Limited ("China All Access" or the "Company", together with its subsidiaries the "Group"; stock code: 633.HK), announced that it has disposed of its entire equity interests in Hebei Noter Communication Technology Co., Limited ("Hebei Noter") and Hebei Haoguang Communication Technology Limited ("Hebei Haoguang") (the "Target Group") at a total consideration of RMB 1.75 billion to China RS Group Limited.

The Target Group is mainly in the business of development and provision of communication equipment, application service system operation management, and application upgrade and system maintenance. Pursuant to the disposal agreement, the purchaser shall pay China All Access the consideration in cash within 30 months. China All Access intends to use the net proceeds from the disposal as general working capital for developing new energy business, research and development of new information and communication technology (ICT), as well as high-end manufacturing, and as reserve for potential acquisitions in the future.

China All Access believes the divestment will bring tremendous benefit to the Company. Firstly, the divested business, which mainly provides 2G and 3G information communication solutions, is relatively mature and has limited room for growth potential with increasing competition in the niche market. The management team considered the divestiture as a good opportunity at the right timing to create value for the Company. Secondly, the monetization of the mature business will increase the Group's cash reserve and better prepare the Company to invest in the ICT high-end manufacturing and new energy sectors in the future, which will create higher rate of return. Thirdly, the divestiture aligns with the Group's strategic transformation from a solution provider to an integrated technology and high-end manufacturing Company, and allows the management team to streamline the business structure and improve the effectiveness of administration and management. At the end of last year, the Group decided to set up its PRC headquarters in Shenzhen, which will allow it to tap the robust innovation and technological development of the city and work closer with its operations in Hong Kong. Disposing members of the Company in Hebei Province is a major step to reallocate engineering, sales and marketing resources to Shenzhen, speed up directing resources into the Big Bay Area and establish core business in Shenzhen. The Company has very solid financial position, with dividend yields up to about 6.5% and net asset value per share approximately HK$2.00, about 2.5 times the closing price of HK$0.78 on June 1, 2018.

In the future, the Group will continue to focus on and optimize its two major business segments - ICT high-end manufacturing and new energy, which are expected to create higher rate of return.

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KDDI Subsidiaries to market UiPath RPA Platform in Asia

June 10, 2018, 10:00 pm

≫ Next: KDDI Singapore, FLECT offer Cariot real-time vehicle management in Southeast Asia, Middle East

≪ Previous: China All Access Disposes Entire Equity Interests in Hebei Noter and Hebei Haoguang at Cash Consideration of RMB 1.75 Billion

Helping boost productivity for companies throughout Asia with full support from RPA implementation to operation

TOKYO, Jun 11, 2018 - (ACN Newswire) - KDDI subsidiaries KDDI Shanghai, KDDI Hong Kong and KDDI Singapore are pleased to announce they have entered into an agreement with UiPath SRL for resale of the UiPath RPA Platform in Asia.

UiPath Inc. is one of the world's leading suppliers of robotic process automation (RPA) software whose products have already been adopted by 250 companies in Japan and 1,000 companies worldwide.

The agreement enables KDDI Shanghai, KDDI Hong Kong, and KDDI Singapore to harness the global implementation capabilities of KDDI to provide customers throughout APAC region with UiPath RPA services.

KDDI believes that the capability of RPA, which enables simple, standardized automation and streamlining of business processes, translates into improved labor productivity and the shift to high-value-added white-collar business processes, and that its dissemination will accelerate throughout Asia in the near future.

As the KDDI Group works to achieve its goal of integrating telecommunications and life design, it strives to be a company that is always offering exciting new ideas. We provide powerful support for the global business operations of our client companies, creating new customer experience value.

Supporting area coverage for UiPath solutions:
Throughout mainland China (Beijing, Shanghai, Guangzhou, Tianjin, Dalian etc.), Hong Kong, Taiwan, South Korea, Singapore, Vietnam, Indonesia, Malaysia, Thailand, the Philippines, Myanmar, Cambodia, India, the United Arab Emirates, Australia, etc. (Service availability to be phased in by area)

UiPath RPA Platform introduction pages:
China Mainland: http://cn.kddi.com/zh_cn/products_services/detail2/uipath-with-kddi.html
Hong Kong: http://hk.kddi.com/products_services/detail2/id=1297
Southeast Asia: http://sg.kddi.com/products_services/detail2/uipath-with-kddi.html

About UiPath SRL
Founded in 2005 in Romania, UiPath SRL is a world RPA leader with a diverse client base among major global financial institutions, manufacturers, advertising agencies and others. They currently operate in ten locations worldwide, including their U.S. headquarters, and offices in Japan, Britain, Romania, France, Germany, the Netherlands, India and the UAE. UiPath SRL handles the APAC business operations of UiPath Inc. of the United States. https://www.uipath.com/

About KDDI
KDDI is the second largest telecommunication service provider in Japan, offering both mobile and fixed-line communications. With its well-established base of over 50 million customers, and through mobile services and shops offering its "au" brand, KDDI is expanding its services into the "Life Design" business, which includes fintech, e-commerce and nationwide electric power utility services.

With a 60-year history, KDDI is today focused on creating smart infrastructure through IoT technologies and open innovation with partners and start-up companies in diverse industries. KDDI is accelerating the global growth of its telecommunications consumer business with operations in Myanmar and Mongolia, and in the global ICT business with the TELEHOUSE brand. KDDI (TYO:9433) is listed on the Tokyo stock exchange. http://www.kddi.com/english/.

*This release is an abridged translation of the full announcement:
http://news.kddi.com/kddi/corporate/english/newsrelease/2018/05/23/3171.html

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KDDI Singapore, FLECT offer Cariot real-time vehicle management in Southeast Asia, Middle East

June 10, 2018, 10:00 pm

≫ Next: Champion REIT Garners Three Awards at Corporate Governance Asia 8th Asian Excellence Award

≪ Previous: KDDI Subsidiaries to market UiPath RPA Platform in Asia

Using Air SIM cards to make global SORACOM services easy and installation-free

TOKYO, Jun 11, 2018 - (ACN Newswire) - KDDI and subsidiary KDDI Singapore are joining forces with FLECT to offer Cariot vehicle management services to corporate clients in Southeast Asia and the Middle East.

Cariot is a real-time vehicle management service that provides corporate clients with the ability to use the Internet to monitor digital data including vehicle speed and distance traveled, engine rpm, fuel consumption, primary electric power voltage and more. No special installation is required, Cariot simply plugs into a vehicle's cigarette lighter.

The ability to make vehicle information visible enhances compliance and safety capabilities while helping cut costs and make business operations more efficient. Using the Global Air SIM card provided by SORACOM Inc., the service is capable of roaming and automatically switches from one country's systems to the next when a vehicle crosses a national border.

This is particularly useful in regions such as Southeast Asia, in which vehicles frequently pass through numerous adjacent countries and vehicle traceability has become an important issue. Numerous traffic accidents have also been caused by unsafe driving practices such as sudden starts, making employee driver education a crucial issue for companies.

As a distributor, KDDI Singapore will begin by offering the service to Japanese corporate customers in Southeast Asia and the Middle East, and will expand its sales effort among local firms. As the international regional distribution hub for Cariot, KDDI Singapore will also work to make the service available in as many countries and regions as possible.

As KDDI Group works to achieve its goal of integrating telecommunications and life design, it strives to be a company that is always offering exciting new ideas. We provide powerful support for the global business operations of our client companies, creating new customer experience value.

For details, visit the KDDI website at: http://sg.kddi.com/products_services/detail2/cariot-with-kddi.html

About FLECT
FLECT Co. Ltd. pursues its stated goal of "Using the Internet to seek a more fulfilling life for everyone" primarily through Salesforce-centered efforts. FLECT also provides support for IoT service implementation, and provides the Cariot connected-car service. A consulting partner of salesforce.com Inc., FLECT has strengths in the area of software development and service design. http://www.flect.co.jp/ (in Japanese)

About KDDI Singapore
As the Regional Headquarters of KDDI Group in Southeast Asia, KDDI Singapore offers comprehensive telecommunications solution services to companies operating in Singapore and throughout Southeast Asia. Understanding the distinctive character of regional locales, KDDI Singapore provides its services from a perspective that is global, yet local. See http://sg.kddi.com.

About KDDI
KDDI is the second largest telecommunication service provider in Japan, offering both mobile and fixed-line communications. With its well-established base of over 50 million customers, and through mobile services and shops offering its "au" brand, KDDI is expanding its services into the "Life Design" business, which includes fintech, e-commerce and nationwide electric power utility services.

With a 60-year history, KDDI is today focused on creating smart infrastructure through IoT technologies and open innovation with partners and start-up companies in diverse industries. KDDI is accelerating the global growth of its telecommunications consumer business with operations in Myanmar and Mongolia, and in the global ICT business with the TELEHOUSE brand. KDDI (TYO:9433) is listed on the Tokyo stock exchange. http://www.kddi.com/english/.

*This release is an abridged translation of the full announcement:
http://news.kddi.com/kddi/corporate/english/newsrelease/2018/05/28/3181.html

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Champion REIT Garners Three Awards at Corporate Governance Asia 8th Asian Excellence Award

June 10, 2018, 11:50 pm

≫ Next: Grace Wine Holdings Limited Announces Details of the Proposed Listing on GEM of The Stock Exchange of Hong Kong Limited (the "SEHK")

≪ Previous: KDDI Singapore, FLECT offer Cariot real-time vehicle management in Southeast Asia, Middle East

Chief Executive Officer of Champion REIT, Ms. Ada Wong (right) receives the "Asia's Best CEO" honour at the 8th Asian Excellence Award

Investment and Investor Relations Director of Champion REIT, Ms. Amy Luk (right) receives the "Best Investor Relations Professional" honour at the 8th Asian Excellence Award

HONG KONG, Jun 11, 2018 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT") (Stock Code: 2778), owner of Three Garden Road and Langham Place, has won three prestigious prizes at the Corporate Governance Asia 8th Asian Excellence Award. These latest accolades have underscored Champion REIT's outstanding performance in upholding the highest standards of integrity and professionalism in corporate governance while achieving sustainable growth motivated by the long-term interest of the stakeholders.

Champion REIT received the following accolades:
- Asia's Best CEO - Ms. Ada Wong
- Best Investor Relations Professional - Ms. Amy Luk
- Best Investor Relations Company

Ms Ada Wong, Chief Executive Officer of Champion REIT, said, "We are thrilled that our team's efforts have been recognised by Corporate Governance Asia for two years in a row. These recognitions have enabled us to be at the forefront of corporate governance engaging our employees, tenants and customers. Our ongoing commitment to integrity and continued growth will reinforce the corporate governance framework of the Trust, and prepare us to better serve the community and generate value for our stakeholders."

The 8th Asian Excellence Award, organised by Corporate Governance Asia recognises excellence in management acumen, financial performance, corporate social responsibility, environmental practices and investor relations.

About Champion REIT (Stock Code: 2778)
Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties. The Trust focuses on Grade-A commercial properties in prime locations. It currently offers investors direct exposure to 2.93 million sq. ft. of prime office and retail properties by way of two landmark properties, Three Garden Road and Langham Place, one on each side of the Victoria Harbour.

Website: www.championreit.com

For press enquiries
Strategic Financial Relations Limited
Vicky Lee Tel: 2864 4834 Email: vicky.lee@sprg.com.hk
Christina Cheuk Tel: 2114 4979 Email: christina.cheuk@sprg.com.hk
Corinne Ho Tel: 2114 4911 Email: corinne.ho@sprg.com.hk
Fax: 2527 1196
Website: www.sprg.com.hk

↧

Grace Wine Holdings Limited Announces Details of the Proposed Listing on GEM of The Stock Exchange of Hong Kong Limited (the "SEHK")

June 11, 2018, 2:28 am

≫ Next: Fujitsu Sports-Analytics Specialist RUN.EDGE Commences Operations

≪ Previous: Champion REIT Garners Three Awards at Corporate Governance Asia 8th Asian Excellence Award

(From left to right) Mr. Freddie Fan, Executive Director of Grace Wine Holdings Limited, Ms. Judy Chan, Executive Director, Chairlady and CEO of Grace Wine Holdings Limited, Mr. Ernest Tse, Co-Head of Global Capital Markets of Southwest Securities (HK) Capital Limited.

HONG KONG, Jun 11, 2018 - (ACN Newswire) - Grace Wine Holdings Limited ("Grace Wine" or the "Group") is an award-winning, established wine maker based in PRC. The Group today announced the details of its proposed listing of shares on GEM of the SEHK.

Offering Details

The Group intends to offer an aggregate of 200,000,000 Shares, of which 10% by way of Public Offer Shares (subject to re-allocation) and 90% by Placing Shares (subject to re-allocation). The indicative Offer Price range is between HK$0.30 and HK$0.40 per Offer Share. Assuming an Offer Price of HK$0.35 per Offer Share (being the mid-point of the indicative Offer Price range), the gross proceeds from the Share Offer is estimated to be approximately HK$70.0 million.

The Public Offer commences at 9:00 a.m. on 12 June 2018 (Tuesday) and ends at 12:00 noon on 15 June 2018 (Friday). The final offer price and the allotment results are expected to be announced on 26 June 2018 (Tuesday). Trading of shares is expected to commence on the SEHK on 27 June 2018 (Wednesday), under the stock code 8146 and in board lots of 10,000 Shares each.

Southwest Securities (HK) Capital Limited is the Sole Sponsor. Joint Bookrunners and Joint Lead Managers are Southwest Securities (HK) Brokerage Limited, Emperor Securities Limited and Success Securities Limited.

Investment Highlights

Award-winning "Grace Vineyard" brand and quality wine products with high profile and public awareness in the PRC
Grace Wine has successfully established the brand "Grace Vineyard" as an icon of quality, value-for-money wine products in the PRC, with the largest market share of 14.9% in Shanxi in terms of retail sales revenue in 2016. With over 20-years in history, the Group has been recognised with a number of domestic and international awards in the industry. To name a few, "Grace Vineyard" was selected as a "Top Shanxi brand" by the Shanxi Administration for Industry and Commerce, and was also named as the "Winery with Greatest Market Influence" by La Revue du Vin de France. Moreover, its "Tasya's Reserve Cabernet Sauvignon 2014" was awarded a commended award at the Decanter Asia Wine Awards 2017. The strong brand value and recognitions received was also acknowledged by the Harvard Business School as a case study in its curriculum.

Diverse wine products portfolio catering to a broad range of customer pricing preferences
The Group has diverse wine products portfolio primarily comprises red wine series which can be broadly categorised into the higher-end wine series and the entry-level wine series that can cater to a broad range of customers with different quality and pricing preferences. Furthermore, the Group makes white wine and sparkling wine from time to time as well as seasonal series and special blend of red wine to suit market demands and diversified tastes and preferences. The Group's diversified range of wine product portfolio enabled it to increase its market share and respond to market trends and demands.

Strategic presence in Shanxi and Ningxia provides a vertically integrated production chain and the ability to grow
The Group has two wineries strategically located in Shanxi and Ningxia respectively, one with a GFA of approximately 29,064 sq.m. and a wine-making capacity of 2,200 tonnes, and one expected to have GFA of 72,800 sq.m. and a wine-making capacity of 390 tonnes. Both cities are considered prominent wine-making regions in the PRC with suitable climate and favourable national and regional government policies to encourage, support and incentivise wine-making business. The Group self-cultivates grapes grown in their Shanxi vineyard, which provides a vertically-integrated production chain and gives greater control over product and raw material quality that are particular important for making higher-end wine portfolio.

Reliable network of distributors and growing online sales capability
Grace Wine has a network of 13 distributors act as their principal sales channel and has a long lasting and commercially viable relationship with some of the key distributors. In particular, collaboration with their sole and exclusive distributor Shanxi Jiajia has been more than 12 years. In addition, the Group operated online sales virtual space in the PRC such as JD.com and TMall, giving the Group access to the growingly popular e-commerce in the PRC. During FY2017, the revenue contribution from online sales was approximately 4.5%.

Dedicated and responsive marketing efforts to raise brand image
The Group has frequently promoted "Grace Vineyard" by various marketing efforts, for instance participating in industry fairs and exhibition, inviting media, sommeliers and social elites to wine tasting events and wine pairing dinners to raise brand and product awareness. Moreover, a key initiative is the operation of the Group's "Chateau", an accommodation facility at its Shanxi winery which is to promote wine tourism and also raise the brand and profile of "Grace Vineyard". Additionally, the Group invites "key opinion leaders" to promote wine products through blogs and social media sites to strengthen online sales.

Energetic management and technical teams with in-depth experience and exposure to international wine making businesses
Grace Wine is led by an energetic management team with passion on wine-making business and constantly strives to improve and respond to emerging industry trends. Furthermore, a strong technical and operational team who oversees grape cultivation, wine-making and quality assurance processes, are believed to have the professionalism and expertise to give the Group the ability to make quality, value-for-money wine products.

Future Development Strategies

According to the F&S Report, wine consumption in the PRC is expected to increase at a CAGR of 6.8% from 2016 to 2021. Thus, the wine market in the PRC will continue to recover and grow in line with expanding population, increasing urbanisation, uplift of living standards and growing popularity of wine consumption in the PRC.

Grace Wine's first phase construction of Ningxia Winery was completed in December 2017 and will become operational before the grape harvest season in 2018, giving the Group 390 tonnes or a 18.0% increase in wine-making capacity. The second phase construction of Ningxia Winery is expected to complete by the end of 2020, giving the Group a further 260 tonnes or a 12% increase in wine-making capacity. Ningxia Winery is expected to bring a total number of 200 wine-making tanks by the end of 2020, giving an additional estimated wine-making capacity of 650 tonnes of wine or a grape-processing capacity of 1,000 tonnes of grapes per year, allowing the Group to capture the projected growth in the PRC wine market and increase market share.

Furthermore, Grace Wine will also diversify its wine product portfolio and market responsive optimisation to suit customer preferences and grow market share. The Group will further enhance the awareness of its "Grace Vineyard" brand to broaden its customer base and extend its product outreach by optimising the Group's distribution model through adding more quality distributors. Additionally, the Group will continue to proactively pursue and expand its online sales capability through scalable third-party operated online virtual space in the PRC such as JD.com and TMall, which allow the Group to promote, sell and market its products in a cost-effective manner.

Use of Proceeds
Assuming an Offer Price of HK$0.35 per Offer Share (being the mid-point of the indicative Offer Price range), the Group intends to use the net proceeds on the following:

Items / Approximate amount (%)
Construction of the second phase of Ningxia Winery: 45.3%
Purchase of plants and equipment for the second phase of Ningxia Winery: 20.5%
Initial production costs of the first phase of Ningxia Winery: 20.2%
Sales and marketing expenses: 9.1%
General working capital: 4.9%

About Grace Wine Holdings Limited
Grace Wine Holdings Limited is an award-winning, established wine maker based in Shanxi. It is committed to make quality, value for money wine under the brand of "Grace Vineyard" and cater to a wide range of customer tastes and pricing preferences since 1997. It is the largest wine maker in Shanxi with 14.9% market share in terms of retail sales revenue in 2016. "Grace Vineyard" was selected as "Top Shanxi Brand", and its wine products received a gold medal and the "Best Value for Money" award from La Revue du Vin de France, Chinese Edition, in 2017. Their wine products are also well-received by sommeliers in the PRC and Hong Kong and have been served in a number of multi-national luxury hotel chains.

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Fujitsu Sports-Analytics Specialist RUN.EDGE Commences Operations

June 12, 2018, 3:08 am

≫ Next: MHPS Completes Unit 1 construction of "Jawa-2 Project" Ahead of Schedule

≪ Previous: Grace Wine Holdings Limited Announces Details of the Proposed Listing on GEM of The Stock Exchange of Hong Kong Limited (the "SEHK")

New subsidiary to integrate Fujitsu's cutting-edge image-search and image-analysis technologies with startup management style

TOKYO, Jun 12, 2018 - (JCN Newswire) - Fujitsu Limited, RUN.EDGE Limited and Skylight Consulting Inc.(1) announce that RUN.EDGE, a Fujitsu subsidiary established through a company split announced in April, has today begun operations in Japan to offer ICT-based image-search and image-analysis services for the sports sector, an anticipated growth market. RUN.EDGE combines the core technologies for image search and image analysis in sports, developed by Fujitsu, with Skylight Consulting Inc.'s expertise in running a startup businesses. By focusing on sports analytics, it will raise the dynamism of the business and expand the use of ICT in the sports sector. Specifically, the company aims to enhance the functionality of SaaS-type analysis services based on image data, which are provided to pro baseball teams in and outside of Japan, and to leverage their wealth of technology and business knowhow to soccer and other sports. RUN.EDGE is led by Representative Director Atsushi Oguchi, who as an up-and-coming digital business leader in the sports sector has been a pioneering Digital Innovator(2) at Fujitsu since 2015. The company will implement startup strategies in order to advance its business activities.

Overview of RUN.EDGE Limited

1. Headquarters: Sendagaya, Shibuya-ku, Tokyo
2. Capital: JPY 160 million
3. Ownership ratio: Fujitsu: 69.4%, Skylight: 30.6%
4. Representative: Atsushi Oguchi, Representative Director
5. Founded: June 12, 2018
6. Business: Image-search and image-analysis services for the sports sector; developing and providing related services
7. Main services: SaaS-type analysis services for pro sports teams Cloud services that provide analysis based on pitching and hitting data from pro baseball, as well as field data from pro soccer matches

(1) Skylight Consulting Inc. Supports projects across a wide range of sectors and guides them to success by formulating strategies, improving business operations, and providing consulting services in IT use. Key strengths are in helping to bring in venture-capital funding and cultivating businesses, as well as in working to expand sports-related businesses. Founded in March 2000.
(2) Digital Innovator Digital innovators at Fujitsu comprise cross-functional teams that work closely with customers to execute a series of activities that lead to the creation of a digital business. Digital innovators in these teams perform one of three roles, specifically, as producers who build relationships with customers and co-creation partners while overseeing co-creation processes, as designers who work with customers to develop plans, and as developers who swiftly bring ideas to life.

About Fujitsu Ltd

Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 155,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.5 trillion yen (US$40 billion) for the fiscal year ended March 31, 2017. For more information, please see http://www.fujitsu.com.

* Please see this press release, with images, at:
http://www.fujitsu.com/global/about/resources/news/press-releases/

Contact:
Fujitsu Limited
Public and Investor Relations
Tel: +81-3-3215-5259
URL: www.fujitsu.com/global/news/contacts/

↧

MHPS Completes Unit 1 construction of "Jawa-2 Project" Ahead of Schedule

June 12, 2018, 4:02 am

≫ Next: MHPS Completes Upgrade Work on Natural-Gas-Fired GTCC Power Plant Operated by Daigas Group

≪ Previous: Fujitsu Sports-Analytics Specialist RUN.EDGE Commences Operations

Natural-gas-fired Power Plant Operated by Indonesia's State-owned Power Provider Goes into Operation

- Unit 1 of 880 MW GTCC power generation facility starts operating as simple cycle system
- Current output approx. 300 MW; combined cycle system to launch in 2019

YOKOHAMA, Japan, Jun 12, 2018 - (JCN Newswire) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has completed unit 1 construction of a natural-gas-fired power generation facility being built in Indonesia on Java Island within the premises of the Tanjung Priok Power Plant by PT. PLN (Persero), Indonesia's state-owned electricity provider. Under the "Jawa-2 Project," PLN plans to construct an 880 megawatt (MW) plant comprising two gas turbine combined cycle (GTCC) power generation systems. Unit 1 has initially gone into operation as a simple gas turbine system, with output currently near 300 MW. This demonstrates the steady progress of "Jawa-2 Project".

A ceremony was held at the site to mark the start of operations. Attending as PLN's representative was Director W.S. Haryanto, who oversees company operations in all of West Java Region, including the Jawa-2 Project.

"We appreciate MHPS' enormous efforts for this project. We are sure that the strong relationship between PLN and MHPS will continue in the future. As a result, the operation of unit 2 as a simple gas turbine and combined cycle operation will also begin as contracted delivery schedule." said Mr.Haryanto.

This project is to be constructed at Tanjung Priok, a port city approximately 10 km northeast of central Jakarta, the nation's capital. The full-turnkey order for the power plant was received by MHPS in partnership with Mitsubishi Corporation and PT. Wasa Mitra Engineering, a local construction and engineering firm. MHPS is responsible for providing two M701F gas turbines as well as two exhaust heat recovery boilers, one steam turbine, and auxiliary equipment. Mitsubishi Electric Corporation supplied the generators. The launch of operations as a GTCC system, generating power by gas turbine and by a steam turbine utilizing recovered exhaust heat, is slated for 2019.

This project is part of a 35,000 MW power expansion program under way by the Indonesian Government to meet the country's rapidly increasing demand for electric power along with the economic growth. Being able to contribute to completing unit 1 construction ahead of schedule is a further momentum for the project promotion.

MHPS is the leading supplier in large-scale gas turbines in Indonesia and has a track record of nearly 50 years supporting that country's power supplies. Even in this project, MHPS is also engaging its total resources toward improving customer satisfaction.

MHPS is aiming to further enhance its presence within Indonesia's power market. Going forward, through the expanded adoption of high-efficiency power generation facilities, the company will continue making robust contributions to promoting effective use of resources and reducing environmental loads on global scale.

About Mitsubishi Hitachi Power Systems, Ltd.

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) was formed on February 1 2014, integrating the thermal power generation systems businesses of Mitsubishi Heavy Industries, Ltd. (MHI) and Hitachi, Ltd. in a quest to further enhance their social response capabilities in all respects. These include the technological strength to create new products of outstanding quality and reliability, the comprehensive strength in engineering to oversee projects in regions across the globe, and finely honed sales and after-sale servicing capabilities. MHPS aims to come out a winner in global competition and achieve a solid position as a world leader in thermal power generation systems and environmental technologies. For more information, please visit www.mhps.com.

Contact:
Joseph Hood, PR Manager
Mitsubishi Heavy Industries, Ltd.
Email: mhi-pr@mhi.co.jp
Tel: +81-(0)3-6716-2168
Fax: +81-(0)3-6716-5860

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MHPS Completes Upgrade Work on Natural-Gas-Fired GTCC Power Plant Operated by Daigas Group

June 12, 2018, 4:10 am

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≪ Previous: MHPS Completes Unit 1 construction of "Jawa-2 Project" Ahead of Schedule

Upgrade Achieves Improvements in Power Generation Efficiency and Start-up Flexibility

- Original gas turbine replaced by heavy-duty H-100 model
- First unit assembled at Takasago Works after PMI-based reorganization

YOKOHAMA, Japan, Jun 12, 2018 - (JCN Newswire) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has completed replacement of a gas turbine at the Torishima Energy Center, a gas turbine combined cycle (GTCC) thermal power plant located in the bay area of Osaka operated by Gas and Power Co., Ltd., an Daigas Group company.

Operation of the new power plant with a rated generation capacity of 140.5 megawatts (MW) is already underway.

The Torishima Energy Center is a natural-gas-fired GTCC power plant that went into operation in April 2002. MHPS was responsible for its equipment supply and construction. The recently completed upgrade work consisted of replacing the original M501DA gas turbine with an H-100 unit, while retaining operation of the original steam turbine. The retrofitting work has resulted in enhanced power generation efficiency and greater start-up flexibility.

The H-100 is a heavy-duty 2-shaft gas turbine in the 100MW class that delivers flexible, quick-response operation and high reliability, combined with low maintenance needs. Users also appreciate the H-100's fast start-up time and moderate space requirements.

The newly delivered H-100 gas turbine is the first unit assembled at the Takasago Works. Production of the H-100 was shifted here from the Hitachi Works as part of MHPS' reorganization of its domestic manufacturing bases in line with ongoing business integration. This achievement demonstrates the steady progress being accomplished in pursuing post-merger integration (PMI).

MHPS is in a position of strength from its ability to provide total solutions in power generation. For thermal power plants, the Company offers a full range of products: from high-efficiency, large-capacity generation systems to energy-saving systems utilizing small and medium-size gas turbines. Going forward, while responding precisely to the diverse needs of the market, MHPS will continue to contribute to achieving stable power supplies and reducing environmental loads.

About Mitsubishi Hitachi Power Systems, Ltd.

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) was formed on February 1 2014, integrating the thermal power generation systems businesses of Mitsubishi Heavy Industries, Ltd. (MHI) and Hitachi, Ltd. in a quest to further enhance their social response capabilities in all respects. These include the technological strength to create new products of outstanding quality and reliability, the comprehensive strength in engineering to oversee projects in regions across the globe, and finely honed sales and after-sale servicing capabilities. MHPS aims to come out a winner in global competition and achieve a solid position as a world leader in thermal power generation systems and environmental technologies. For more information, please visit www.mhps.com.

Contact:
Joseph Hood, PR Manager
Mitsubishi Heavy Industries, Ltd.
Email: mhi-pr@mhi.co.jp
Tel: +81-(0)3-6716-2168
Fax: +81-(0)3-6716-5860

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"HKUST One Million Dollar Entrepreneurship Competition" Concluded Successfully

June 11, 2018, 9:25 pm

≫ Next: Hitachi Awarded Authorised Engineering Organisation Status by Transport for NSW, in Sydney Australia

≪ Previous: MHPS Completes Upgrade Work on Natural-Gas-Fired GTCC Power Plant Operated by Daigas Group

Prof. Enboa Wu, the Vice President of HKUST, presents the souvenir to Mr. Jarret Sha, the Managing Director of GF Investment Hong Kong

GF Securities Sponsor to Support Young Entrepreneurs and Startups

HONG KONG, Jun 12, 2018 - (ACN Newswire) - Hong Kong Division's final round of the 8th "HKUST One Million Dollar International Entrepreneurship Competition" ("One Million Dollar Entrepreneurship Competition" or "The Competition"), hosted by the Hong Kong University of Science and Technology ("HKUST") Entrepreneurship Center, was held in the HKUST Business School on 7 June 2018. GF Securities Co., Ltd. ("GF Securities" or "the Company"; HKSE: 1776; SZSE: 000776), the platinum sponsor of the Competition, fully participated to support young entrepreneurs and to cultivate innovative talents with leadership in all industries. Mr. Jarret Sha, managing director of GF Holdings (Hong Kong) Corporation Limited ("GF Hong Kong"), a fully owned subsidiary of GF Securities, was invited to represent GF Securities to present awards to the winners. Dr. Chen Yingying, managing director of GF Hong Kong, was also invited as one of the judges in the final competition, guiding young entrepreneurs on their start-up path.

As a member of the judge panel, Dr. Chen Yingying has extensive investment and investment banking experiences and a profound understanding on the capital market, which enables her to give numerous instructive advices to the finalists. "The Competition has provided an excellentplatform for the young generation to share their startup ideas and has helped outstanding young entrepreneurs and potential programs to gain more tractionfrom the industry," said Dr. Chen Yingying: "GF Securities and its subsidiaries are pleased to support potential entrepreneurs and help them to realize their inspirations."

Through fierce competitions, team Sinocore Biotechnology won the championship "President Award" with HKD300,000 cash for their project: "Conversion of Sewage Sludge into High Quality Fertilizers". Team Miscato won the second place namely "GF Securities Gold Award" with HKD200,000 cash for their project: "IoT Aromatherapy for In-room Hospitality Guests". Team I-Square Technology won the third place namely "GF Securities Silver Award" with HKD100,000 cash for their project: "Anti-counterfeiting and Verification Solution to Brand Products". Furthermore, the Competition had also established other awards such as Innovation Award, Elevator Pitch Award and Exhibition Award to praise other participants with outstanding behaviors in corresponding sections.

In the award dinner, Mr. Jarret Sha, the award presenter said: "Every participant team has shown excellent innovation and technical talents, while many of the programs have unfolded a promising prospect. I am so glad to witness so many brilliant youngsters in our era, and GF Securities will make every effort to support them to show their talents and chase their dreams."

GF Securities has always been actively fulfilling its social responsibilities and carrying forward the loving gesture of GF Securities. Particularly, the Company would like to focus on the education area. This was the second time the Company sponsoring the One Million Dollar Entrepreneurship Competition and joining hands with HKUST. Leveraging on GF Securities' extensive experiences in capital and market and HKUST's professional advantages on science studies and startup managements, the Company was able to create an effective collaboration between outstanding start-up programs and capital, and help the youngsters to chase their dreams. In the future, GF securities will never forget where it started. Besides focusing on its business development to create higher corporate value, GF Securities will also continue to actively contribute to the society to fulfill its social responsibility as a corporate citizen.

The "One Million Dollar Entrepreneurship Competition" has been held for eight consecutive years since 2011, and become a famous entrepreneurship contest throughout Greater China. Having incubated numerous well-recognized startups and programs throughout these years, the Competition now enjoys a high reputation in the financial circle. This year, the Competition's divisions expand to 7 cities including Hong Kong, Guangzhou, Shenzhen, Macau, Beijing, Foshan and Zhongshan, attracting a total of over 2000 teams. Through 4 months' fierce competition, 6 finalists stood out from over 100 teams in Hong Kong division to battle for the championship and over HKD1 million-worth-of prizes.

As one of the most influential securities companies in China's capital market, GF Securities has realized steady development with its outstanding business results and its satisfactory services, facilitating itself with industry-leading innovation. For years, GF Securities has reserved a large number of SMEs and has cultivated a series of industry-leading enterprises, equipping the Company with unique professional advantages and experiences in the discovery and incubation of startups.

Besides making continuous efforts to improve its business, the Company sticks to its welfare concept of "Gathering the Love from the Bottom of Heart" by actively fulfilling its social responsibility to upgrade the Company's reputation and brand influence. GF Securities Social Charity Foundation of Guangdong Province ("GF Foundation"), a charity foundation raised by GF Securities and its three subsidiaries jointly, has been organizing events such as"Small-scale start-up campaign for university students" for several consecutive years to help university students to build up a value guidance of innovation and startup and to improve their ability of practicing it as well as to cultivate maker culture and entrepreneurship. Last year, the total charitable expenses were over RMB14.50 million and the Company's achievement has been widely recognized by different sectors of society.

About GF Securities Co. Ltd
Established in 1991, GF Securities is one of the first, full-service investment banks in China. The Company was successfully listed on the main boards of the Shenzhen stock Exchange (Stock code: 000776.SZ), and the Hong Kong Stock Exchange (Stock code: 1776.HK), in 2010 and 2015, respectively. Relying on excellent business performance, risk management and quality services, the company achieves sustained and steady development, and is one of the most influential securities companies in China. The Company possesses industry-leading innovation capabilities and has built a diversified business portfolio serving various corporations, individuals, institutional investors, financial institutions and governments. As of December 31, 2016, the Company operates 264 brokerage branches, providing extensive national coverage to 31 provinces, cities, and autonomous regions throughout China. For two consecutive years in 2015 and 2016, GF Securities ranked second on "Hurun's Top Brands List" amongst Chinese securities companies. The Company is actively committed to social responsibility and caring, focusing on education and poverty through "GF Securities Social Charity Foundation", and as a result has enjoyed a strong reputation and an influential brand.

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Hitachi Awarded Authorised Engineering Organisation Status by Transport for NSW, in Sydney Australia

June 11, 2018, 11:21 pm

≫ Next: Chinlink Partners with Shaanxi Provincial Department of Commerce to Hold The 2nd Shaanxi-Hong Kong Financial Cooperation Forum

≪ Previous: "HKUST One Million Dollar Entrepreneurship Competition" Concluded Successfully

Photos from the Authorised Engineering Organisation Award Ceremony

SYDNEY, AUS, Jun 12, 2018 - (JCN Newswire) - Hitachi, Ltd. (TSE:6501) today announced that the company was awarded Authorised Engineering Organisation (AEO) status by the Asset Standards Authority (ASA), an independent unit of Transport for NSW (TfNSW) in Australia. This prestigious and well-deserved status consolidates the fact that the New South Wales (NSW) state government recognises the integrity and robustness of Hitachi's quality systems and management processes.

http://www.acnnewswire.com/topimg/Low_HitachiEngineeringAwardCeremony.jpg
Photos from the Authorised Engineering Organisation Award Ceremony

Transport infrastructure such as railway signalling systems need to meet stakeholders' expectations and provide value and safety to the customer through the entire lifecycle of the asset. In NSW Australia, the AEO Framework ensures that engineering and transport delivery services are delivered by capable and competent organisations.

The AEO Model is managed by the ASA, the division of TfNSW responsible for administering transport asset standards. Based on ASA guidance, which makes reference to international standards such as ISO55001 (Asset Management)(1) and ISO 15288(2), the "AEO Requirement" stipulates the necessary processes to meet the customer's requirements such as the product engineering management process(3). As a result of the assessment done by the ASA, the organisation recognised Hitachi's compliance with the AEO requirements and Hitachi was awarded AEO status with scope to supply engineering services (including design, manufacture, testing etc) for onboard systems for Automatic Train Protection (ATP) and Automatic Train Operation (ATO) systems.

Hitachi is contributing to the advancement of the Australian rail industry by supplying railway system solutions of high quality and reliability. As an AEO, Hitachi will continue to provide safe and reliable solutions to the NSW customer through its close working relationship with TfNSW.

Hitachi has supplied railway system solutions of high-quality and high reliability to the Australian market and attaining AEO status aligns with our objective of continuing to expand our railway systems business in Australia.

(1) ISO 55001 Asset management - Management systems - Requirements
(2) ISO/IEC/IEEE 15288 Systems and software engineering - System life cycle processes
(3) The mandatory process to supply the product with user satisfaction and reliability such as Requirement Management, Product Safety Management, Product Reliability, Availability and Maintainability Management, Competence Management, Configuration Management and Resource Management

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2014 (ended March 31, 2015) totaled 9,761 billion yen ($81.3 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes power & infrastructure systems, information & telecommunication systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at www.hitachi.com.

Contact:
Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111

↧

Chinlink Partners with Shaanxi Provincial Department of Commerce to Hold The 2nd Shaanxi-Hong Kong Financial Cooperation Forum

June 11, 2018, 11:29 pm

≫ Next: Pine Care Group Announces Annual Results for the Year ended 31 March 2018

≪ Previous: Hitachi Awarded Authorised Engineering Organisation Status by Transport for NSW, in Sydney Australia

(From the left to right) Ms. Vanessa Tang, Director of Shaanxi Liaison Unit of the Government of the Hong Kong Special Administrative Region, Mr. Li Weibin, Chairman and Managing Director of Chinlink International Holdings Limited, and Mr. Franky Chung, Senior Vice President, Issuer Services, Hong Kong Stock Exchange shared their views of deepening the financial cooperation between Hong Kong and Shaanxi on the 2nd Shaanxi-Hong Kong Financial Cooperation Forum.

Successfully Boosting Technology and Capital in Shaanxi

Xi'an, CHINA, Jun 12, 2018 - (ACN Newswire) - Chinlink International Holdings Limited ("Chinlink", HKSE Stock Code: 0997) and its subsidiaries (collectively the "Group") are pleased to announce the success of the 2nd Shaanxi-Hong Kong Financial Cooperation Forum (the "Forum"), organised by the Shaanxi Provincial Department of Commerce, Financial Affairs Office of Shaanxi Province and Shaanxi Liaison Unit of The Hong Kong Special Administrative Region Government with Chinlink as the co-organiser. The forum brought more than 260 guests together, ranging from the government of Shaanxi Province and Hong Kong, the Hong Kong Stock Exchange, to guests from Hong Kong and overseas including leading legal and accounting firms specialising in corporate finance, top executives of new economy and technology companies and international financial institutions. The attendees discussed ways to deepen the financial cooperation between Hong Kong and Shaanxi, and the opportunities arising from Shaanxi resurging as a global technology hub.

Mr. Xue Jiangxing, Deputy Secretary-General of the People's Government of Shaanxi Province addressed, Shaanxi will further open up the financial sector and strengthen its innovation on the financial system in the China (Shaanxi) Pilot Free Trade Zone. It may lower or even eliminate barriers for foreign players in particular with banks, security firms, and insurance companies, so as to attract foreign capitals to enter the financial sector. Mr. Xue also asserted Shaanxi's leeway to the eligible companies seeking IPO in Hong Kong. Mr. Xue expressed his support to facilitate the financial cooperation between Hong Kong and Shaanxi in promoting local technology companies. He believes that such arrangement will help introduce advanced and mature international capital market knowledge to China, thus connecting Shaanxi new technologies with global capital. He also fully affirmed that the Forum would continue to provide a diversified exchange platform in bridging local enterprises with international capital in the future.

In recent years, Xi'an has been actively promoting the commercialisation of its locally-developed technologies by rolling out multiple favourable policies and creating a RMB100-billion industry fund to boost hard technological development. Xi'an realises hard technologies as a new driver in promoting economic growth, technological advancement and influx of capital and industries, representing great potential in transforming Xi'an into the model city of innovation. Propelled by the favourable policies, numerous Xian-based technology companies have emerged as valuable unicorns of respective industries and thus are well-received by the capital market.

Considering technology companies' different fundraising needs throughout their various development stages, Chinlink invited experts from corporate finance, professional firms, and venture funds to help attendees understand what the best way to raise international capital is. Many guests expressed that they benefitted from the discussions, while investors learned about investment opportunities in Shaanxi science and technology enterprises.

Mr. Franky Chung, Senior Vice President of Issuer Services from HKEx was one the guest speakers, who gave a presentation on new listing reforms in Hong Kong for the benefit of tech companies. He said that the Stock Connect has significantly lifted the trade volume of Hong Kong stock market in the past year. it would be favourable to the valuation of the Hong Kong listed companies in the long run as increasing number of Mainland fund houses strategically allocate assets on Hong Kong listed companies via the Stock Connect, infusing catalysts to the Hong Kong stock markets. He also expected more Shaanxi companies become eligible to leverage the international fundraising platform of Hong Kong under the latest listing rule framework.

Mr. Li Weibin, the Chairman and Managing Director of Chinlink, said, "Based in Shaanxi with established presence in Hong Kong and expanding around the world, Chinlink has developed ample resources and expertise on the international and Hong Kong capital markets. In light of the sharing economy, we aim at leveraging on our competitive advantages to position ourselves as a platform in bridging Hong Kong and Shaanxi financial market. We are dedicated to connect Shaanxi local enterprises with the well-established Hong Kong capital market, thus promoting the economic growth and development in both Hong Kong and Shaanxi. We are honoured to launch this year's Forum together with the governments, and we are determined to turn this into a sustainable platform. To further our contribution on the closer cooperation of finance and the capital markets between Hong Kong and Shaanxi, upon the completion of the Chinlink International Centre in the near future which forms the permanent venue for holding regular financial seminars, Xi'an companies will definitely have more convenience access to international capital."

About Chinlink International Holdings Limited
Chinlink International Holdings Limited is a listed company on the Main Board of Hong Kong Stock Exchange (Stock Code: 0997). Chinlink provides financial services such as investment bank, financing guarantee, finance leasing, supply chain financing and money lending to China and Hong Kong enterprises. The Company also invests and operates large-scale trade logistics park, warehouses, wholesale retail shopping mall and commercial buildings. For more information, please visit www.chinlinkint.com.

This press release is issued by Financial PR (HK) Limited on behalf of Chinlink International Holdings Limited. For enquiries, please contact:

Chinlink International Holdings Limited
Joanne Lee
Corporate Development and Communications Director
Tel: +852 2126 6363
Email: joannelee@chinlinkint.com

Rebecca Chan
Corporate Communications Manager
Tel: +852 2126 6363
Email: rebeccachan@chinlinkint.com

Financial PR (HK) Limited
Hon Fung / Dawn Lee / Tracy Law
Tel: +852 2610 0846
Email: hf@financialpr.hk / dawnlee@financialpr.hk / tracylaw@financialpr.hk

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Pine Care Group Announces Annual Results for the Year ended 31 March 2018

June 12, 2018, 1:03 am

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- Profit from continuing operations increased by 32%; Proposed final dividend of HK0.84 cent per share
- Launching high-end segmented care and elderly markets; Expanding business blueprint

HONG KONG, Jun 12, 2018 - (ACN Newswire) - A leading operator of care and attention homes for the elderly in Hong Kong, Pine Care Group Limited ("Pine Care Group" or the "Company", together with its subsidiaries, the "Group", stock code: 1989.HK), today announced its consolidated results for the year ended 31 March 2018 ("FY2018" or "Year Under Review").

During FY2018, the revenue, EBITDA and profit after tax from continuing operations of the Group amounted to HK$170.7 million, HK$33.1 million, and HK$16.4 million, respectively. As operation activities have brought in a steady cash flow, the Board proposed the payment of a final dividend of HK0.84 cent per ordinary share for FY2018.

Core Business
In the year under review, the Group's core business continues to perform strongly. After experiencing a slight drop in occupancy rate due to the renovation and EA1 upgrades of the care and attention homes in the first half of FY2018, the Group's occupancy rate has been restored to its usual high levels, averaging at approximately 93.2% for FY2018 (FY2017: approximately 92.7%). Following the completion of EA1 upgrades for two of the Group's care and attention homes, all eight care and attention homes of the Group participating in EBPS are now classified as EA1.

In addition to core business, the Group has made remarkable progress in developing and bringing new concepts to the market. These new concepts not only allow the Group to expand its customer base to include elderly residents with a wider range of needs, but also widen the breadth of its service offerings. In the coming year, the Group's expansion blueprint is going to include: (1) the upscale market segment in Hong Kong; (2) new residential care homes for elderly ("RCHE") specialising in dementia care; (3) Mainland China; and (4) Integrated Senior Wellness Hub.

Upscale Market Segment - Pine Care Place
For development in upscale market segments, the Group's new upscale care and attention home, Pine Care Place, located at Yoho Mall I (Extension) in Yuen Long, has recently commenced, which has received very positive feedback from the market thus far. The new care and attention home has a floor area of 3,105 square metre (equivalent to approximately 33,424 square feet) and is designed to accommodate 68 residential care places. Pine Care Place is positioned as an upscale care and attention home. In addition to a higher standard of accommodation and a higher labour ratio compared to EA1 standards, Pine Care Place will also offer more individualised services and lifestyle-oriented facilities.

Dementia Specialist - Pine Care Point
In addition to Pine Care Place, the Group have completed the acquisition of the entire issued capital of Lorient Holdings Ltd. which owns the property comprising the portion of G/F, whole of 1/F to 3/F; and portion of 4/F of Maintown Plaza, No. 223-237 Nam Cheong Street, Kowloon, Hong Kong. The gross floor area of the property is approximately 43,400 square feet and is conveniently located. The Group plans to use the property as new care and attention home, Pine Care Point, positioning as a specialist RCHE in dementia care. It has become the Group's second foray into the upscale market segment, representing a remarkable opportunity for the Group to establish the market leadership position in the burgeoning upscale market segment.

Mainland China - Pine Care Yada
The Group is also actively expanding into the Mainland China market. In September 2017, the Group entered into a joint venture with Yada International (HK) Limited ("Yada HK") to develop the elderly care business in Mainland China, under the brand "Pine Care Yada". The first project of the joint venture is proposed to be the establishment of a residential care home for the elderly which is located inside a large scale healthcare, age-care and leisure community in Wuzhen, Zhejiang. The project is proposed to consist of approximately 83 beds with a total area of approximately 77,400 square feet. The collaboration will enable the Group to apply proven business model to a much larger market, capitalising on Yada HK's experience and resources in the Mainland, and providing a valuable opportunity for the Group to expand its footprint to the Mainland market with vast potentials.

In addition to the residential care home, Pine Care Yada has also been entrusted with the operations and management of Pine Care Yada (Wuzhen) Day Care Centre, which enables the Group to expand its elderly care services to active retirees and those requiring only day-time elderly care, as well as home care services in Wuzhen Graceland district, a community which consists of over 5,000 households, leveraging on the Group's established brand and experience in providing residential care services for the elderly.

Integrated Senior Wellness Hub - Patina Wellness
The fourth element of the Group's expansion blueprint is an Integrated Senior Wellness Hub, namely Patina Wellness, jointly developed and operated with Utopia Limited ("Utopia"), a company which is 100%-owned by Mr. Tang Yiu Sing, the sole shareholder of Stan Group (Holdings) Limited, via a strategic joint venture.

Patina Wellness, the first project of the joint venture, is located at 18 Junction Road, Kowloon City.
With a total floor area of approximately 84,000 square feet, Patina Wellness is tentatively planned to include 79 serviced apartments, ranging from approximately 400 to 900 square feet, from 7/F to 29/F, and an upscale RCHE with approximately 32 rooms from 3/F to 6/F. The clubhouse on 2/F is expected to include facilities such as a swimming pool, sauna, massage room, music room, coffee bar, karaoke, garden and lounge. The multidisciplinary clinic and the health focused restaurant will be located on the G/F and 1/F. Fitting out of the project is nearing completion. Operations are expected to begin in multiple stages starting in second half of 2018.

Mr. YIM Ting Kwok, Chairman and Executive Director of Pine Care Group, said, "Looking ahead, we expect the trend for increasing market demand for quality elderly care services to continue in the foreseeable future. We will grasp the opportunities for growth in the industry, optimise our services incessantly; and uphold and strengthen our market position in the industry.

Through the launch of Pine Care Place and Pine Care Point, we are determined to establish our market leadership position in the burgeoning upscale market segment. At the same time, we will expand our footprint to the Mainland market through Pine Care Yada; and widen our breadth of service offerings through Patina Wellness. The Group is optimistic to create more value for our shareholders and the society."

About Pine Care Group Limited
Pine Care Group is the leading operator of care and attention homes for the elderly in Hong Kong, providing comprehensive residential care services. The Group owns a network of care and attention homes across five districts in Hong Kong under the brand name of "Pine Care Group". The Group was listed on the Main Board of The Hong Kong Stock Exchange in February 2017, with stock code 1989.

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NEC's Facial Recognition Software Featured in Smartphones

June 12, 2018, 6:00 pm

≫ Next: NEC expanding delivery of Intelligent Transportation Systems in India

≪ Previous: Pine Care Group Announces Annual Results for the Year ended 31 March 2018

- Algerian electronics manufacturer uses FIDO-compliant biometric authentication to improve safety and convenience -

TOKYO, Jun 13, 2018 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced its provision of facial recognition software for use in "Stream System" smartphones manufactured and sold by Algerian electronics manufacturer Bomare Company (Bomare). The FIDO (Fast Identity Online) standard compliant software enables user authentication by facial recognition without sending biometric data from smartphones online.

Bomare, which manufactures and sells smartphones, tablets, televisions and other electronic devices, has adopted NEC's facial recognition software for use in a new Android OS smartphone. The software will be used to authenticate the identity of the phone's user in order to ensure authorized access to applications that include online payments and others.

NEC's NC7000-3A-FS infrastructure software enables FIDO-compliant utilization of user data, and is embedded with NEC's NeoFace facial recognition AI engine, which offers the world's most precise facial recognition(1). By utilizing this software, it is possible to prevent identity theft resulting from password leakage and to reduce the amount of time and effort required to input login information, thereby simultaneously enhancing security and improving convenience for users.

"NEC proudly invests resources into the development of its Social Solutions business. Going forward, the company will continue contributing to the creation of a safe and secure society through the provision of FIDO-compliant software to smartphone manufacturers, service providers and other customers in countries around the world," said Tomoki Naka, Managing Director, NEC Telecommunication and Information Technology, Ltd.

(1) NEC's Video Face Recognition Technology Ranks First in NIST Testing

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

↧

NEC expanding delivery of Intelligent Transportation Systems in India

June 12, 2018, 6:20 pm

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- Smart City Ahmedabad Development Limited orders IoT enabled system -

TOKYO, Jun 13, 2018 - (JCN Newswire) - NEC Technologies India and NEC Corporation today announced the implementation of an Intelligent Transportation Management System (ITMS)/Automatic Fare Collection System (AFCS) for the Bus Rapid Transit (BRT) system in the city of Ahmedabad with Smart City Ahmedabad Development Limited (SCADL). NEC, in cooperation with nCode Solutions (A GNFC Company), was awarded this project by SCADL to improve the efficiency and effectiveness of the existing BRT system and city bus service (AMTS) with the help of advanced technologies that can provide seamless, fast, reliable, safe and convenient public transportation for the city of Ahmedabad. This is one of the many initiatives being taken by SCADL to make Ahmedabad a truly world class smart city.

The BRT system is now fully operational, while the AMTS service is expected to be operational in the following month. BRT and AMTS are the lifelines of Ahmedabad, serving 150,000 BRT passengers and 600,000 AMTS passengers daily. This ITMS project will upgrade 230 BRT buses, 158 BRT stations, 850 AMTS buses and 11 major city bus stations. NEC has implemented world class technologies that include an Automatic Fare Collection System (AFCS), Automatic Vehicle Location System (AVLS), Passenger Information System (PIS), Vehicle Planning Scheduling and Dispatch (VPSD) and a Depot Management System (DMS), apart from dedicated Mobile App and Web Portals for both the BRT and city bus services, in addition to being entrusted with the operations & maintenance of all these systems for next seven years.

Use of advanced ICT and cashless services are two of the main components of the Smart City projects envisaged by the government of India. Under this new system being implemented by NEC, passengers can use smartphones and RuPay-based common mobility payment smart cards for fare payment at BRT stations and inside city buses. Automatic fare gates equipped with validators at BRT stations will ensure convenient and secure access to BRT buses for authorized commuters.

Advanced GPS tracking units installed in all buses will enable the real time tracking and monitoring of buses from a central command center. A real time passenger information system (PIS) installed in buses and at bus stations will provide accurate and timely information regarding the Expected Time of Arrival (ETA) of buses, announcements and displays of upcoming bus stops and other useful information to commuters.

Additional systems, such as VPSD and DMS, will help the bus operation agencies to optimize their resources and assets, resulting in overall operational efficiency of the public transport system in Ahmedabad.

"Efficient and sustainable public transport systems equipped with modern technology such as ITMS/AFCS with cashless payment is vital for the Smart City mission of the government of India. We hope that the ITMS and AFCS systems implemented by NEC will make our bus operations more efficient, and help us in providing world class public transport service to commuters in Ahmedabad. We have also integrated the RuPay-based Janmitra card with NEC's AFC system, making it convenient for commuters to travel seamlessly across BRT and AMTS buses. In the future, we plan to extend the reach of this card to other modes of public transport in the city, including taxis and the metro," said Rakesh Shankar, IAS and CEO, Smart City Ahmedabad Development Ltd.

"In order to satisfy growing demand, NEC will utilize its extensive experience with traffic systems, both domestically and internationally, to introduce and integrate a variety of traffic systems to comprehensively support the achievement of a safer and more accurate bus service in Ahmedabad," said Takayuki Inaba, Managing Director, NEC Technologies India.

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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WARC Awards 2018 - Effective Content Strategy winners announced.

June 12, 2018, 9:00 pm

≫ Next: Luxury Residential Care Home for the Elderly Pine Care Place commenced operations in June 2018

≪ Previous: NEC expanding delivery of Intelligent Transportation Systems in India

FP7/Cairo wins Grand Prix for Coca-Cola's Hijacking the African Cup campaign

LONDON, Jun 13, 2018 - (ACN Newswire) - FP7/Cairo, part of McCann Worldgroup, has won the WARC Awards' Grand Prix in the Effective Content Strategy category, rewarding branded content strategies that can demonstrate a business outcome, for its Coca-Cola campaign 'Hijacking the African Cup'.

Working on a variety of fronts, online and on the ground, Coca-Cola used an imaginative integrated campaign, hijacking the African Cup of Nations in Egypt without being the official sponsor and managing to outshine its competition on all awareness and brand parameters.

The results saw Coke's content shares numbered 111,000 vs Pepsi's 51,000; the Coke hashtag usage was 165,000 vs Pepsi's 55,000; awareness for the football association went up by 10% and brand love grew by 5 points in just a month.

The Grand Prix-winning campaign also won the Best Multiplatform special award for a content strategy that has successfully used a range of different communication channels.

Commenting on the Grand Prix winner, jury member Nick Kendall, Founding Partner of media broker Electric Glue, said: "Saliency is so important to Coke and that's what they achieved - mental presence. They placed themselves on the fans' side and, most importantly, in their songs and therefore in their hearts."

The judging panel of 16 chaired by John Dokes, Global Chief Marketing Officer and General Manager of AccuWeather Network, awarded a further four Golds, four Silvers and four Bronzes and two more special awards to campaigns that ran in Brazil, Egypt, India, Lebanon, Malaysia, Tunisia, Saudi Arabia, United Kingdom and United States, for brands including Antarctica, EGBank, Orange and Whiskas.

The WARC Awards' Content Strategy winners are:

Grand Prix

- Hijacking the African Cup - Coca-Cola - The Coca-Cola Company - FP7/CAIRO, Part of McCann Worldgroup - Egypt + Best Multiplatform Award

Gold

- Slow Trends - Connect - TBWA\RAAD - Lebanon + Smart Spender Award
- Unveil Saudi - Saudi Telecom Company - J. Walter Thompson - Saudi Arabia + The Long-Term Idea Award
- The Hammam Fighter - Orange - FP7/TUN - Tunisia
- The Chronicles of Oufa - EGBank - FP7/CAIRO, Part of McCann Worldgroup - Egypt

Silver

- Escape the Dating Apocalypse - Hinge - Justin McLeod and various individual investors - the STUDIO - United States
- Ask Again - The Live Love Laugh Foundation - McCann Worldgroup - India
- 4G Films - Maxis - Maxis Berhad - Ensemble Worldwide, Initiative Malaysia - Malaysia
- Web Series - Antarctica - AB InBev - AlmapBBDO - Brazil

Bronze

- Fair Sex Fair Say - i-can - Piramal Healthcare - McCann Worldgroup - India
- Dear Younger Me... - Emirates NBD - Momentum Egypt - Egypt
- Kitten Kollege - Whiskas - Mars Petcare - AMVBBDO - United Kingdom
- If you can dream it, you can Pylox it - Nippon Pylox - Nippon Paint - Ensemble Worldwide - Malaysia

All winners for the annual WARC Awards, a global case study competition in search for next-generation marketing effectiveness that focuses on the effective use of emerging marketing disciplines, have now been announced and can be viewed on www.warc.com/warcawards.prize.

The WARC Awards 2018 Report, providing an in-depth analysis, learnings and trends from the winners will be published in September 2018.

About WARC

- your global authority on advertising and media effectiveness

warc.com is an online service offering advertising best practice, evidence, insights and data 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 runs 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.

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

Contact:
Amanda Benfell
PR Manager
+44 20 7467 8125
amanda.benfell@warc.com

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Luxury Residential Care Home for the Elderly Pine Care Place commenced operations in June 2018

June 12, 2018, 9:17 pm

≫ Next: Successful Placement by Solidium of Stora Enso R-shares

≪ Previous: WARC Awards 2018 - Effective Content Strategy winners announced.

HONG KONG, Jun 13, 2018 - (ACN Newswire) - A leading operator of care and attention homes for the elderly in Hong Kong, Pine Care Group Limited (the "Pine Care Group" or the "Company", together with its subsidiaries, the "Group", stock code: 1989), announced the commencement of operations at its first high-end care and attention home for the elderly named "Pine Care Place".

"Pine Care Place" is located at Yoho Mall adjacent to Yuen Long Station at West Rail. With a floor area of approximately 33,000 square, accommodating 68 residential care places, "Pine Care Place" offers one of the most spacious environments of any residential care home for the elderly in Hong Kong, averaging approximately 500 square feet living space per resident.

The design of "Pine Care Place" emphasizes on privacy, comfort, and quality of life, featuring lifestyle oriented facilities such as a cinema, hair salon, library & computer room, coffee bar, dining room, indoor garden, meditation room, and mahjong room. Aside from the facilities, the living quarters have been designed to offer a home-like environment, similar to that of a luxury apartment.

In addition to our professional nursing, rehabilitation, medical, and social services, "Pine Care Place" also introduces a new concierge service ensure that all of the residents' needs and wishes are catered for; as well as ensure active communication with family members of the residents. There are nutritionists, Chinese and Western chefs to design healthy recipes and formulate individualized nutrition plans for each resident.

Mr. Yim Billy Pui Kei, CEO of Pine Care Group said, "The market is demanding higher levels of quality, and we strongly believe that the high-end market is currently underserved. With Pine Care Place, we aim to combined exceptional services with a luxurious residential environment to offer a world-class long-term care experience to our residents.

"Pine Care Place" will be holding an open day from 16th to 17th of June. I encourage the elderly and their family members to come take a look and see what we can do."

For more information on the Pine Care Place, please visit: www.pinecareplace.com

About Pine Care Group Limited
Pine Care Group is the leading operator of care and attention homes for the elderly in Hong Kong, providing comprehensive residential care services. The Group owns a network of care and attention homes across five districts in Hong Kong under the brand name of "Pine Care Group". The Group was listed on the Main Board of The Hong Kong Stock Exchange in February 2017, with stock code 1989.

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Successful Placement by Solidium of Stora Enso R-shares

June 13, 2018, 12:00 am

≫ Next: LEH Pharma appoints two new members to its Scientific Advisory Board

≪ Previous: Luxury Residential Care Home for the Elderly Pine Care Place commenced operations in June 2018

Helsinki, Finland, Jun 13, 2018 - (ACN Newswire) - Solidium has today, 12 June 2018, placed 14 million R-shares in Stora Enso Oyj, representing approximately 1.8 per cent of the outstanding share capital of Stora Enso, in an accelerated bookbuilt offering to Finnish and international institutional investors (the "Equity Offering"), at a price of EUR 17.60 per share. Solidium will use the proceeds from the Equity Offering of approximately EUR 246 million mainly to finance new equity investments and to general corporate purposes.

In addition, Solidium has purchased 1.4 million A-shares in Stora Enso. Following the arrangements, Solidium's holding in Stora Enso decreases from 12.3 per cent to 10.7 per cent of the outstanding shares and remains at 27.3 per cent of the votes.

"Our share of voting rights in Stora Enso remains unchanged while we were able to release capital for future needs. The arrangement was part of managing our investment portfolio", says Solidium's CEO Antti Makinen.

Solidium has agreed not to dispose of any further shares of Stora Enso for a period of 90 days following the Equity Offering, subject to certain customary exceptions. Carnegie and Citi acted as Joint Bookrunners for the Equity Offering.

Solidium is a limited company wholly owned by the State of Finland. Its mission is to strengthen and stabilise Finnish ownership in nationally important companies and increase the value of its holdings in the long term. The basis and core objective of Solidium's strategy is proper, value-enhancing asset management of its current holdings. Through its stakes, Solidium is a minority owner in twelve significant listed companies: Elisa, Kemira, Konecranes, Metso, Nokia, Outokumpu, Outotec, Sampo, SSAB, Stora Enso, Tieto and Valmet. The value of Solidium's total investment assets is approximately 9.5 billion euros.

Further information: CEO Antti Makinen, Solidium Oy, +358 50 339 8801

Important notice

THIS ANNOUNCEMENT HAS BEEN MADE FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO BUY, SELL, ISSUE OR SUBSCRIBE FOR, OR THE SOLICITATION OF AN OFFER TO BUY, SELL, ISSUE OR SUBSCRIBE FOR ANY SECURITIES, NOR SHALL THERE BE ANY SALE OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

MEMBERS OF THE GENERAL PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE EQUITY OFFERING. THIS ANNOUNCEMENT AND ANY OFFER OF SECURITIES TO WHICH IT RELATES ARE ONLY ADDRESSED TO AND DIRECTED AT PERSONS WHO ARE (1) QUALIFIED INVESTORS WITHIN THE MEANING OF DIRECTIVE 2003/71/EC AND ANY RELEVANT IMPLEMENTING MEASURES (THE "PROSPECTUS DIRECTIVE") AND (2) WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WHO FALL WITHIN ARTICLE 19(1) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE "ORDER") OR ARE PERSONS FALLING WITHIN ARTICLE 49(2)(A) TO (D) (HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC) OF THE ORDER OR ARE PERSONS TO WHOM AN OFFER OF THE SECURITIES REFERRED TO HEREIN MAY OTHERWISE LAWFULLY BE MADE (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THE INFORMATION REGARDING THE EQUITY OFFERING SET OUT IN THIS ANNOUNCEMENT MUST NOT BE ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.

THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA). THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE INTO THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, EXCEPT PURSUANT TO AN APPLICABLE EXEMPTION FROM REGISTRATION. NO PUBLIC OFFERING OF SECURITIES IS BEING MADE IN THE UNITED STATES.

ANY INVESTMENT DECISION TO BUY SECURITIES IN THE EQUITY OFFERING MUST BE MADE SOLELY ON THE BASIS OF PUBLICLY AVAILABLE INFORMATION WHICH HAS NOT BEEN INDEPENDENTLY VERIFIED BY THE JOINT BOOKRUNNERS OR THE SELLER. NEITHER THIS ANNOUNCEMENT NOR ANY COPY OF IT MAY BE TAKEN, TRANSMITTED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN OR INTO ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES, AUSTRALIAN, CANADIAN, JAPANESE OR OTHER APPLICABLE SECURITIES LAWS.

THE DISTRIBUTION OF THIS ANNOUNCEMENT AND THE OFFERING OR SALE OF THE SECURITIES REFERRED TO HEREIN IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. NO ACTION HAS BEEN TAKEN BY THE JOINT BOOKRUNNERS OR ANY OF THEIR RESPECTIVE AFFILIATES OR ANY OTHER PERSON THAT WOULD PERMIT AN OFFER OF THE SECURITIES REFERRED TO HEREIN OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT OR ANY OTHER OFFERING OR PUBLICITY MATERIAL RELATING TO THE SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED BY THE JOINT BOOKRUNNERS TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS.

THE JOINT BOOKRUNNERS ARE ACTING EXCLUSIVELY FOR THE SELLER AND NO ONE ELSE IN CONNECTION WITH THE EQUITY OFFERING. THE JOINT BOOKRUNNERS WILL NOT REGARD ANY OTHER PERSON (WHETHER OR NOT A RECIPIENT OF THIS ANNOUNCEMENT) AS THEIR CLIENT IN RELATION TO THE EQUITY OFFERING AND THE JOINT BOOKRUNNERS WILL NOT BE RESPONSIBLE TO ANYONE OTHER THAN THE SELLER FOR PROVIDING THE PROTECTIONS AFFORDED TO THEIR CLIENTS NOR FOR GIVING ADVICE IN RELATION TO THE OFFERING OR ANY TRANSACTION, ARRANGEMENT OR OTHER MATTER REFERRED TO IN THIS ANNOUNCEMENT. THE JOINT BOOKRUNNERS MAY PARTICIPATE IN THE OFFERING ON A PROPRIETARY BASIS.

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LEH Pharma appoints two new members to its Scientific Advisory Board

June 13, 2018, 12:00 am

≫ Next: Jacobson Pharma Updates on TAILORx Study

≪ Previous: Successful Placement by Solidium of Stora Enso R-shares

LONDON, Jun 13, 2018 - (ACN Newswire) - LEH Pharma Ltd, the leading provider of novel ocular implants for macular disorders today announces the appointment of Professor Robert Devenyi and Dr Sadeer Hannush to its Scientific Advisory Board (SAB). The SAB, comprised of world-leading experts in ophthalmology, will work closely with LEH Pharma's senior management team to advance the Company's commercialisation of the EyeMax lens, a unique, proven and patented product marketed internationally for the treatment of age-related macular degeneration (AMD).

Professor Robert G Devenyi MD, MBA, FRCSC, FACS, said: "The calibre of the individuals participating on this SAB is in itself an excellent validation of LEH Pharma and its technology. LEH has assembled a team with wide-ranging, high quality experience relevant to LEH Pharma's business activities and objectives, and reflective of the jurisdictions the company is targeting in the immediate to medium term."

"The guidance of this world-leading group of surgeons and ophthalmology specialists is proving invaluable as we continue the international roll-out of the ground breaking EyeMax lens, which we believe has the potential to improve the quality of life of millions of patients with AMD worldwid," said Dr Bobby Qureshi, Founder and CEO of LEH Pharma. "We welcome Professor Devenyi and Dr Hannush to the SAB look forward to drawing on their insights and extensive expertise as we move forward with the commercialisation of this exciting product."

The members of the LEH Pharma Scientific Advisory Board include:

Professor Robert G Devenyi MD, MBA, FRCSC, FACS Professor of Ophthalmology and Vision Sciences at the University of Toronto, Ophthalmologist-in-Chief and Director of Retinal Services at the Donald K. Johnson Eye Institute at the University Health Network.

Professor Pablo Artal, Professor of Optics at the University of Murcia, recipient of the "Edwin H. Land Medal" for scientific contributions to the advancement of diagnostic and correction alternatives in visual optics.

Professor Dr. med. Fritz H Hengerer, Professor of Ophthalmology and Deputy Medical Director at the University Eye Clinic Heidelberg in Germany.

Dr Federico Badala MD, specialist eye surgeon practicing in Catania, Milan and Rome, International Fellow in Glaucoma at the Jules Stein Eye Institute of the University of California Los Angeles (UCLA).

Dr Sadeer B. Hannush MD, Attending Surgeon at the Cornea Service at Wills Eye Hospital, Department of Ophthalmology at Sidney Kimmel Medical College of Thomas Jefferson University in Philadelphia, Pennsylvania.

Dr Alain Saad MD, attending physician in the Anterior Segment and Refractive Surgery Department at the Rothschild Foundation, Paris, Assistant Professor in the Cornea and Refractive Surgery Division of the Department of Ophthalmology, American University of Beirut Medical Center, Beirut, Lebanon.

Dr Scott Robbie MBBS BSc (Hons) GMP FRCOphth PhD, Consultant ophthalmic surgeon at Guy's and St. Thomas' NHS Foundation Trust in London, lecturer at the National Institute for Health Research Clinical Lectureship.

For more information, please contact:

LEH Pharma Ltd
Dr Bobby Qureshi
contact@LEHPharma.com
+ 44 (0) 20 7060 2763

Consilium Strategic Communications
Mary-Jane Elliott, Ivar Milligan, Chris Welsh
LEHPharma@consilium-comms.com
www.consilium-comms.com
+44 (0) 20 3709 5700

Notes for editors:

About LEH Pharma
LEH Pharma is a leading provider of revolutionary ocular implants for macular disorders. Its disruptive lens technology, which is unique, proven and patented, is currently marketed internationally for the treatment of stable wet and dry AMD. The Company was formed in 2011 by a group of pioneering surgeons, and is supported by a network of world-leading ophthalmologists and scientists. For more information, please visit LEH Pharma's website at www.lehpharma.com

About EyeMax
EyeMax is a revolutionary breakthrough for AMD sufferers and is the only adequate solution for the treatment of both the stable wet and dry form of the condition. EyeMax can be used in both eyes and can be applied fast and easily. The innovative technology and unique optics of the EyeMax lens diverts images away from the damaged part of the eye and enhances them to the healthy parts. Advantages of the product are safer surgery, ease of implantation and significant improvement of vision for patients[2]. Currently, the only other option available for patients results in sub-optimal vision and remaining AMD symptoms. EyeMax is CE-marked in Europe and is exploring FDA approval in the US.

About age related macular degeneration (AMD)
LEH Pharma's EyeMax product is aimed at improving the quality of life of patients with AMD, the western world's biggest cause of blindness and the greatest unmet need in ophthalmology. AMD is a disorder affecting the central part of the retina, causing changes to central vision and making everyday tasks difficult.

EyeMax is aimed at two main patient populations: those who require cataract surgery - for whom there is a 29-55% chance of being suitable for an AMD lens after the age of 70 and the non-cataract population including patients with AMD prior to cataract surgery or sufferers of other macular diseases such as diabetic eye disease.

[2] Published data from several European centres supports the effectiveness of EyeMax and can be found on the website here (www.iolamd.com/clinical-data). Most recently the European Journal of Ophthalmology found EyeMax safe and observed improvements after surgery above those of standard implants.

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Jacobson Pharma Updates on TAILORx Study

June 13, 2018, 4:50 am

≫ Next: Renault - Nissan - Mitsubishi Increase Annual Synergies to Euro 5.7 Billion

≪ Previous: LEH Pharma appoints two new members to its Scientific Advisory Board

Landmark TAILORx Results, Published in The New England Journal of Medicine, Demonstrate the Oncotype DX Breast Recurrence Score Test Definitively Identifies the 70% of Women with Early-stage Breast Cancer Who Receive No Benefit from Chemotherapy, and the 30% of Women for Whom Chemotherapy Benefit Can be Life-saving

HONG KONG, Jun 13, 2018 - (ACN Newswire) - Jacobson Pharma Corporation Limited ("Jacobson Pharma" or the "Group"; Stock Code: 2633), the Hong Kong and Macau exclusive distributor of Genomic Health, Inc. (NASDAQ: GHDX), the world's leading provider of genomic-based diagnostic tests, is pleased to share that the Trial Assigning IndividuaLized Options for Treatment (Rx), or TAILORx, successfully defined the benefit of chemotherapy in early-stage breast cancer patients with Oncotype DX Breast Recurrence Score results of 11 to 25. The long-awaited results of the TAILORx study, the largest ever breast cancer treatment trial, sponsored by the National Cancer Institute (NCI), and led by the ECOG-ACRIN Cancer Research Group (ECOG-ACRIN), provided definitive evidence that the Oncotype DX Breast Recurrence Score test identified 70 per cent of early-stage breast cancer patients who received no benefit from chemotherapy, and can be effectively treated with endocrine therapy alone. Additionally, the trial established that chemotherapy may provide life-saving benefit to 30 per cent of patients.

The TAILORx results were published on June 3rd in The New England Journal of Medicine in conjunction with a presentation during the Plenary Session at the 2018 American Society of Clinical Oncology (ASCO) Annual Meeting in Chicago, United States.

The Oncotype DX gene expression tests carried out by Genomic Health have been used to guide treatment decisions for more than 900,000 cancer patients in more than 90 countries. The Oncotype DX tests have redefined personalized medicine by making genomics a critical part of cancer diagnosis and treatment.

Mr. Derek Sum, Chairman and Chief Executive Officer of Jacobson Pharma, said, "Breast cancer is one of the most common types of cancerous disease with about 4,000 new cases found in Hong Kong, as well as about 270,000 new cases in China. . Jacobson has been the exclusive distributor of Genomic Health in Hong Kong and Macau for 10 years. We are confident that with our close collaboration with Genomic Health and our in-depth experiences in the relevant markets, we are well positioned to continue expanding business opportunities emerging in this arena."

About Jacobson Pharma Corporation Limited (Stock Code: 2633)
Jacobson Pharma is the largest generic drug company in Hong Kong with over 30% share of the total generic drug market for each year since 2012. The Group's proprietary medicines, notably being Po Chai Pills, Tong Tai Chung Woodlok Oil, Ho Chai Kung Tji Thung San, Contractubex Scar Gel Doan's Ointment, Flying Eagle Wood Lok Medicated Oil, Saplingtan, Shiling Oil and Col-gan Tablet have been widely recognized by the market. Jacobson Pharma has been a constituent stock of MSCI Hong Kong Micro Cap Index since 1 June 2017. For more details about Jacobson Pharma, please visit the Group's website: http://www.jacobsonpharma.com

For media enquiries, please contact:
Strategic Financial Relations Limited
Vicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hk
Stephanie Liu Tel: (852) 2864 4852 Email: stephanie.liu@sprg.com.hk
Queenie Chan Tel: (852) 2864 4851 Email: queenie.chan@sprg.com.hk
Fax: (852) 2527 1196

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