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VBG International Holdings Limited Commences Trading on the GEM of HKSE

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HONG KONG, May 26, 2017 - (ACN Newswire) - VBG International Holdings Limited (Stock code: 8365), one of the leading financial services providers in Hong Kong, commenced dealing on the Growth Enterprise Market ("GEM") of The Stock Exchange of Hong Kong Limited ("HKSE") today.

Ms. Letty Wan, Chairperson and Executive Director of VBG International, said, "The listing of VBG International on HKSE today marks a memorable milestone for us. We are pleased to see the recognition of the Group's potential by investors. We believe that the successful listing will not only enhance the capital base of VBG International, but also provide a good platform to strengthen our corporate image with reputation, as well as the confidence and recognition from our customers. Looking forward, we will continue to focus on providing quality professional financial services and expanding our network internationally and across the PRC to promote business growth. We strive to bring the ideal returns to our shareholders in the long run."

Photo Caption:
(From Left to Right)
Hong Kong Exchanges and Clearing Limited, Senior Vice President Listing Department Mr. Eugene Yeoh
VBG Capital Limited, Managing Director Ms. Catherine Wong
Dakin Securities Limited, Director Mr. Victor Chang
Ping An Securities Group (Holdings) Limited, Director Mr. Stephen Wong
VBG International Holdings Limited, Non-executive Director Mr. Wan Chuen Fai
VBG International Holdings Limited, Independent non-executive Director Mr. William Robert Majcher
May Cheong Group, Chief Executive Officer Mr. Roger Ngan
Hong Kong Exchanges and Clearing Limited, Listing Committee Member Ms. Clara Chan
VBG International Holdings Limited, Chairperson and Executive Director Ms. Letty Wan
Baron Group, Chairman Mr. Joseph Wan
VBG Capital Limited, Assistant to Chairman Ms. Vivian Wan
VBG International Holdings Limited, Independent non-executive Director Mr. Tsang Wing Ki
VBG International Holdings Limited, Executive Director Mr. Ringo Hui
Dakin Capital Limited, Managing Director Mr. Ringo Tam
VBG Capital Limited, Managing Director Ms. Sheron Yau
VBG Capital Limited, Managing Director Mr. Anthony Ng
Hong Kong Exchanges and Clearing Limited, Head of Events Management Ms. Bonnie Chan

About VBG International Holdings Limited

VBG International, as one of the leading financial services providers in Hong Kong, offers a wide range of professional services, covering (i) corporate finance advisory services (including sponsorship, compliance advisory, financial advisory and independent financial advisory); (ii) placing and underwriting services; and (iii) business consulting services. By offering a broad range of services to different segments of customers, the Company is able to expand the overall business. VBG International provides financial services to its customers and is committed to core values in (i) earning its customers' trust by delivering professional services, advice and solutions in their best interest; (ii) working in partnership with them with integrity and treating each other with respect; and (iii) maintaining a high quality environment that attracts, retains and develops the best people. For details, please refer to its company website: http://www.vbg-group.com/.

Media Inquiry:

One PR Limited
Tel: +852 2592 8121
Email: inquiry@onepr.com.hk



Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Mitsubishi Motors Delivers 635 Outlander PHEVs to Ukranian Police

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Largest-ever PHEV fleet order for MMC

TOKYO, May 26, 2017 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) today announced that it delivered 635 Outlander PHEV vehicles to the National Police of Ukraine on May 25 through its local importer and distributor MMC Ukraine(1). The delivery ceremony held in Kiev was attended by the Prime Minister of Ukraine and Osamu Masuko, MMC president and chief executive.

The vehicle order stems from an emissions trading agreement signed by a number of Japanese companies with the Government of Ukraine. As part of its policy to reduce CO2 and greenhouse warming gases using the Kyoto Protocol Green Investment Scheme(2), the Ukrainian government will use the Outlander PHEVs as police vehicles.

This marks the second time MMC has supplied vehicles under the Green Investment Scheme, the first being to deliver 507 units of the i-MiEV all-electric model to the Government of Estonia that began in October 2011.

At the delivery ceremony, MMC President and chief executive Osamu Masuko said: "I would like to thank the Ukrainian government for evaluating our Outlander PHEV highly and deciding that it is the right option for the country's police force. The Mitsubishi Outlander PHEV is not only environmental-friendly but also contains our latest technologies such as our advanced 4 wheel drive system "Super All-Wheel Control", which makes it highly suitable for police use."

Since its launch in 2013, the Outlander PHEV has recorded cumulative sales of 80,768 units (as at the end of 2016), and has ranked the best-selling plug-in hybrid vehicle in Europe for four years in a row.

1. MMCU Outline
- Start of business: June 2016
- Main business lines: Import and sales of MMC vehicles
- Shareholdings: Mitsubishi Corporation, 60%; local partner NIKO Group, 40%
2. Green Investment Scheme
- An international emissions trading plan which provides for funds deriving from the transfer of Assigned Amount Units (AAUs) in emission trading conducted under Article 17 of the Kyoto Protocol to be used for the purpose of cutting greenhouse gas emissions and other environmental measures.
- AAU: Under Article 3 of the Kyoto Protocol, the allowable level of emissions assigned to a developed country party with a specific emissions target inscribed in Annex B.

About Mitsubishi Motors

Mitsubishi Motors Corporation is the fifth largest automaker in Japan and the fifteenth largest in the world by global unit sales. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries.

Throughout its history it has courted alliances with foreign partners, a strategy pioneered by their first president Tomio Kubo to encourage expansion, and continued by his successors. A significant stake was sold to Chrysler Corporation in 1971 which it held for 22 years, while DaimlerChrysler was a controlling shareholder between 2000 and 2005. Long term joint manufacturing and technology licencing deals with the Hyundai Motor Company in South Korea and Proton in Malaysia were also forged, while in Europe the company co-owned the largest automobile manufacturing plant in the Netherlands with Volvo for ten years in the 1990s, before taking sole ownership in 2001.

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

Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

FSE Engineering Opens First Retail Store in Macau to Sell Europe-imported Ceramic Tiles

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(From left) Mr. Poon Lock Kee, Rocky, Chief Executive Officer & Executive Director of FSE Engineering; Mr. Lam Wai Hon, Patrick, Vice-Chairman & Executive Director of FSE Engineering; Mr. Kou Hoi In, President of the Macao Chamber of Commerce; Mr. Chui Sai Cheong, President of Macau Management Association; Mr. Doo William Junior Guilherme, Executive Director of FSE Engineering; and Mr. Lee Kwok Bong, Executive Director & Joint Company Secretary of FSE Engineering.
HONG KONG, May 26, 2017 - (ACN Newswire) - FSE Engineering Holdings Limited ("FSE Engineering" or the "Group") (stock code: 331), a leading one-stop E&M engineering service provider in Hong Kong, has opened its first retail store in Macau dedicated to selling ceramic tiles imported from Europe, providing valued-added services on top of E&M engineering service to Macau enterprises.

The Group's retail store in Macau trade-named "Yau Fai Building Materials" is on G/F, 17 & 17A, Rua do Almirante Costa Cabral. Via a subsidiary, the Group has been distributing Europe-imported ceramic tiles since 1972. Over more than 40 years, it has built up a reputation in the industry as a provider of reliable products and excellent services. The products it distributes are mainly manufactured in Italy and Spain, including those by Casalgrande Padana and Pamesa, the largest ceramic tile manufacturer in Italy and Spain respectively, and Marca Corona, FAP and Caesar, manufacturers in The Concorde Group which earns the most revenue from sales of ceramic tiles in Italy. Those products of assured quality are provided to developers of major residential properties in Hong Kong. Currently, the Group operates four ceramic tile retail stores in Hong Kong. They are on Lockhart Road in Wanchai and Portland Street in Mongkok.

The Group has been doing business in Macau since 1980, undertaking to date a few dozen E&M engineering projects, thus has established a stable customer base. With hotels and casinos in Macau consistently requiring renovation and decoration works, plus demand for housing units in the city continuing to rise, income from alteration and extension works and others is expected to grow from approximately MOP3.5 billion in 2015 to approximately MOP6.2 billion in 2020. Alive to this trend and on its good standing in the Macau market, the Group is opening the quality European ceramic tile shop to provide value-added services to customers and at the same time create a new income source for the Group.




Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

New Silkroutes Group to Buy 8 Dental Clinics and 2 Dental Equipment Suppliers in Bid to Expand Healthcare Business

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Expected to be completed by 31 July 2017, acquisitions will bolster capabilities of NSG's 51%-owned healthcare practice group, Healthsciences International

SINGAPORE, May 29, 2017 - (ACN Newswire) - New Silkroutes Group Limited ("NSG" or the "Group") will acquire majority control of eight dental clinics and two dental equipment suppliers in Singapore in a deal worth S$5.28 million, paving the way for it to expand the capabilities of its recently installed healthcare subsidiary, Healthsciences International Pte Ltd ("HSI").

Of the eight clinics, NSG will take a 70% stake in five of them for S$4.20 million. These five clinics - Crescent Dental Clinic, DentalTrendz Clinic, Trendz Dental Surgeons, L'ving Vine Dental Clinic and Dover Dental Surgery - are located in heartland estates and are currently equally owned by two dental practitioners, Dr Keith Alan Liew and Dr Kee Keng Hsiung.

NSG will acquire 51% of the remaining three clinics - Orange Orthodontics & Dentofacial Orthopaedics, Orange Aesthetics and Oral Maxillofacial Surgery, and Orange Dental Specialist - from Dr VicPearly Wong. All three clinics are located in Orchard Road.

The Group will also take a 51% stake in two companies owned by Dr Wong that supply and distribute medical and dental equipment. The total consideration for Dr Wong's three clinics and two dental equipment firms is S$1.08 million.

NSG will issue approximately 7.92 million new shares at 66.7 Singapore cents each to fund the acquisitions, which are expected to be completed by 31 July 2017. The clinics and dental equipment firms will be folded into HSI, NSG's 51%-owned healthcare subsidiary. A dedicated leadership team will be appointed for HSI's new dental practice group.

HSI, which NSG acquired in December last year, currently has three clinics in Singapore providing complementary integrative therapies based on Western standards of medical care. HSI also runs employee healthcare benefits programmes and offers systems integration services to hospitals and healthcare facilities.

Besides expanding the capabilities of HSI and strengthening its management bench, the acquisition of the dental businesses also underscores NSG's ambition to be a leading healthcare company in Asia, according to Dr Goh Jin Hian, the Group's Chief Executive Officer.

"Healthcare spending in the region will continue to increase in the years ahead. We want to grow our healthcare practice to ride this trend and will explore strategic acquisition and management opportunities in Asia and beyond," he said.

In China alone, healthcare spending is forecast to reach US$1 trillion by 2020, up from US$350 billion in 2014, according to consulting firm McKinsey & Company.

NSG's wholly owned investment arm, New Silkroutes Capital, will be responsible for raising funds to support the growth of the Group's healthcare business. New Silkroutes Capital is expanding its investment practice in key gateway cities of the world, with a focus on capital markets, energy products, healthcare services and real estate.

About New Silkroutes Group Limited

New Silkroutes Group (Reuters: NEWS.SI; Bloomberg: NSG SP) is a Singapore-incorporated company (established on 25 January 1994) listed on the Mainboard of Singapore Exchange Securities Trading Ltd (SGX). It is evolving into an investment holding company with core competencies in Capabilities Enablement, Capital Allocation and (Policy) Analysis. The group, through its subsidiaries and associate companies, has exposure to key sector verticals, namely Energy/Resources, Healthcare and Real Estate.

For enquiries, please contact:
New Silkroutes Group Limited
Email: ipr@newsilkroutes.org

WeR1Consultants Pte Ltd
Frankie Ho - frankieho@wer1.net
Tel: +65 6737 4844
Singapore 048693


Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Fujitsu Develops High-Voltage Cathode Material for Lithium Iron Phosphate Rechargeable Batteries

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Figure 1: Crystal structure of the new material
Figure 2: Prototype coin-shaped battery
Figure 3: Voltage and discharge depth(2) of the prototype coin battery
Enables production of low-cost, cobalt-free lithium rechargeable batteries

KAWASAKI, Japan, May 29, 2017 - (JCN Newswire) - Fujitsu Laboratories Ltd. today announced that it has successfully developed a cathode material for lithium iron phosphate rechargeable batteries. This new material offers high voltage that could only be achieved by cobalt-based materials in the past.

Currently, the rare metal cobalt is a component of cathodes in high capacity and high-voltage lithium rechargeable batteries for electric vehicles (EVs) and home storage batteries. As these devices become more popular, there are concerns regarding future shortages of cobalt used in rechargeable lithium-ion batteries. Significant cost increases are also expected, generating interest in abundant and cheap iron to replace cobalt as the constituent element in rechargeable batteries. However, iron could not offer voltage comparable to that of cobalt-based materials.

Now Fujitsu Laboratories has discovered a new factor that can improve the voltage of iron-based materials. Using a proprietary materials design technology as well as a technology that precisely controls the composition of raw materials and the formation process of materials, Fujitsu Laboratories has successfully synthesized lithium iron pyrophosphate (Li5.33Fe5.33(P2O7)4). This phosphate-based material has a voltage of 3.8 V, comparable to that of existing cobalt-based materials.

In the future, Fujitsu Laboratories will seek to improve the performance of cathodes using this newly developed iron-based material. By advancing the design of new crystal structures that can maintain a high voltage state for longer periods, Fujitsu Laboratories aims to develop cathode materials that offer high energy density comparable to cobalt-based materials. In this way, Fujitsu Laboratories will contribute to lowering the cost of lithium rechargeable batteries and the devices that use them.

Details are being announced at the 231st ECS Meeting, an international conference on electrochemistry, currently underway in New Orleans, U.S., from May 28 to June 1.

Development Background

Currently, lithium-ion batteries are widely used as high-performance rechargeable batteries. However, there are concerns about insufficient supply and rising costs, as the batteries' cathode materials contain the rare metal cobalt, such as lithium cobalt oxide (LiCoO2). Large volumes of lithium-ion batteries will be required in the future for electric vehicles in order to achieve a low-carbon society that does not rely on fossil fuels and emit greenhouse gasses in the age of global warming. Consequently there has been a great deal of interest in developing materials that use iron, which is abundant on earth, as a constituent element in place of cobalt.

Issues

Previously, there was a problem with lithium-ion batteries using iron-based materials as they could not reach the energy density of those using cobalt-based materials. Energy density is expressed as a product of capacity density and voltage. Accordingly, iron-based materials with voltage of 2.8 V to 3.5 V could not compete with cobalt-based materials whose voltage ranged from 3.75 V to 4.1 V. It is known that the voltage of cathode materials can change depending on the arrangement of atoms in the crystal structure, which created issues in the development of new iron-based materials with high voltage.

About the Newly Developed Technology

Now, by analyzing the correlation between the crystal structure of iron-based materials and their electrochemical characteristics, Fujitsu Laboratories has discovered new factors in improving the voltage of iron-based materials. Using a proprietary materials design technology and a technology that precisely controls the composition of raw materials and the formation process of materials, the corporation has successfully synthesized lithium iron pyrophosphate (Li5.33Fe5.33(P2O7)4). This phosphate-based material has a voltage of 3.8 V, comparable to that of existing cobalt-based materials.

Details of the newly developed technology are as follows:

1. Discovered new factors improving the voltage of iron-based materials

The voltage of cathode materials is significantly influenced by the coordination of elements such as iron and oxygen in the crystal. By analyzing the interrelationship between the crystal structure of a material and its electrochemical characteristics, Fujitsu Laboratories discovered new factors in improving the voltage of iron-based cathode materials. In fact, it was discovered that a distorted arrangement of oxygen atoms around iron atoms is one of critical factors for the high voltage.

2. Successfully developed iron-based materials with high voltage comparable to cobalt-based materials

Using a proprietary Fujitsu Laboratories technology that precisely controls the coordination of raw materials and the formation of the material, Fujitsu Laboratories succeeded in synthesizing lithium iron pyrophosphate (Li5.33Fe5.33(P2O7)4), a new iron phosphate-based material (Figure 1). Fujitsu Laboratories created a coin-shaped prototype battery (Figure 2) and based on the results of its electrochemical properties evaluation, it was confirmed that it could achieve a voltage of 3.8 V, comparable to that of existing cobalt-based materials. This material has an even higher voltage than previously developed iron phosphate-based materials, represented by lithium iron phosphate (LiFePO4) (Figure 3).

The charge capacity of the prototype coin battery is about 105 mAh/g(1), which accounts for approximately 75% of the theoretical value of 139 mAh/g (Li5.33Fe5.33(P2O7)4), or the actual value of 137 mAh/g (LiCoO2). Through continued analysis, Fujitsu Laboratories plans to further improve such figures.

http://www.acnnewswire.com/topimg/Low_FujitsuCathodeMaterialFig1.JPG
Figure 1: Crystal structure of the new material

http://www.acnnewswire.com/topimg/Low_FujitsuCathodeMaterialFig2.JPG
Figure 2: Prototype coin-shaped battery

http://www.acnnewswire.com/topimg/Low_FujitsuCathodeMaterialFig3.JPG
Figure 3: Voltage and discharge depth (*2) of the prototype coin battery

Results

The newly-developed cathode material has not reached a voltage equal to existing cobalt-based materials in terms of energy density. Nonetheless, it has paved the way to increase the voltage of iron-based materials, resolving a roadblock in the research development.

In addition, cobalt-based cathode materials are used in lithium-ion batteries for electric vehicles as well as devices such as smartphones and digital cameras. If a cathode material is developed with the same energy density as cobalt-based materials, this will enable the stable production of cathode materials by replacing the rare metal cobalt with abundant iron. Moreover, this is expected to contribute to the stable production of lithium-ion batteries and the devices which use them, such as electric vehicles.

Future Plans

Based on this cathode development, Fujitsu Laboratories will work to design a crystal structure that can maintain a voltage on par with cobalt-based materials for longer periods. The electrode can also be used as a low-cost cathode material in safe, solid-state rechargeable batteries. Fujitsu Laboratories will contribute to a more sustainable and comfortable society by developing next-generation high-energy-density rechargeable batteries that are safer, cheaper and environmentally friendly.

(1) mAh/g
An expression of capacity density per one gram of cathode material, this is the electrical current required when it is assumed that it will take one hour for a battery to completely discharge from a fully charged state.
(2) Discharge depth
The percentage of a battery's capacity discharged from its fully charged state at 100%

About Fujitsu Laboratories

Founded in 1968 as a wholly owned subsidiary of Fujitsu Limited, Fujitsu Laboratories Ltd. is one of the premier research centers in the world. With a global network of laboratories in Japan, China, the United States and Europe, the organization conducts a wide range of basic and applied research in the areas of Next-generation Services, Computer Servers, Networks, Electronic Devices and Advanced Materials. For more information, please see: http://www.fujitsu.com/jp/group/labs/en/.

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 159,000 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; ADR:FJTSY) reported consolidated revenues of 4.7 trillion yen (US$41 billion) for the fiscal year ended March 31, 2016. 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 Laboratories Ltd. Devices & Materials Laboratory E-mail: battery@ml.labs.fujitsu.com Fujitsu Limited Public and Investor Relations Tel: +81-3-3215-5259 URL: www.fujitsu.com/global/news/contacts/

Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

Showa Denko Group Recycles 4.85 Million Aluminum Cans in FY2016

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Poster for the aluminum can recycling campaign in FY2017
TOKYO, May 29, 2017 - (JCN Newswire) - Showa Denko ("SDK"; TSE:4004), its Group companies, and their cooperative companies continued to perform aluminum can recycling activity in fiscal 2016 (April 2016 - March 2017), collecting approximately 4.85 million cans: equivalent to about 76 tons of aluminum when converted at the rate of 15.6 grams of aluminum per can.

Showa Aluminum Can Corporation, a consolidated subsidiary of SDK, started its aluminum can recycling activity in 1972. The activity spread across the Showa Denko Group in 2001, continuing until today. Employees of the Group companies and cooperative companies collect used aluminum cans from their households, workplaces, etc., and report the number of cans they collect. Each base of SDK sets a target volume to collect aluminum cans, and makes effort to increase employees' participation rate and volume of collected cans. In fiscal 2016, a total of 8,004 employees, or 98.7% of all Group employees in Japan, participated in the activity, as a result of regular appeal for participation.

Collected aluminum cans are purchased by the Group, and used mainly by Showa Aluminum Can Corporation to produce aluminum cans to contain beverages. In Japan, the annual consumption of aluminum cans is increasing with the spread of aluminum cans for coffee beverages and bottle cans. Recycling of aluminum cans not only contributes to the promotion of efficient use of resources, but also reduces electricity consumed to produce aluminum by 97%, compared to the process in which we produce aluminum from bauxite ore. The Group donates the money resulting from the recycling activity to regional councils of social welfare, welfare facilities, and volunteer groups that aid people with special needs. Thus, this activity has become firmly established as a social action of the Showa Denko Group.

The Showa Denko Group always manages its operations based on the principles of corporate social responsibility, aiming to contribute to the creation of society where affluence and sustainability are harmonized. In addition to the aluminum can recycling, the Group will continue promoting activities that contribute to the development of local communities, including local cleanup activities in surrounding areas of plants and offices, plant tours, and internship systems for local students to experience jobs.

About Showa Denko K.K.

Showa Denko K.K. ("SDK"; TSE:4004, US:SHWDF) is a major manufacturer and marketer of chemical products serving a wide range of fields ranging from heavy industry to the electronic and computer industries. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial and high-performance gases and chemicals and high-purity gases and chemicals for the semiconductor industry, and the Inorganics Sector provides ceramics products such as alumina, abrasive, refractory and graphite electrodes and fine carbon products. Today, the Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.

Contact:
Public Relations Office Phone: 81-3-5470-3235

Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

QUAM CAPITAL Awarded Oaklins Deal of the Year Award 2017 in Recognition of Excellent Co-operation in Mergers and Acquisitions

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HONG KONG, May 29, 2017 - (ACN Newswire) - Quam Capital Limited ("Quam Capital"), together with its Oaklins International Inc. ("Oaklins") partner firms in the US and Germany, recently completed a transaction involving the merger of one of the world's leading tunnel boring machine companies, The Robbins Company, with Chinese state-owned enterprise Northern Heavy Industries Group Co., Ltd ("NHI"). At the recent spring conference of Oaklins held in Hong Kong in May 2017, the transaction was voted as the winner of the coveted Oaklins Deal of the Year Award for 2017.

Quam Capital's US Oaklins partner firm was appointed by the owners of The Robbins Company, and Quam Capital worked closely with both parties to focus on finding suitable partners in the Chinese market. Quam Capital was successful in soliciting the winning bid from NHI and worked seamlessly with the vendor throughout the transaction to reach a successful conclusion with NHI as the ultimate partner. The transaction is an excellent demonstration of how Quam Capital works together with its Oaklins partner firms through the Oaklins international network to ensure the best possible outcome for clients in an ever increasing global marketplace

Quam Capital is the exclusive Hong Kong member firm of Oaklins, the world's leading alliance of independently owned merger and acquisition specialists and investment banking firms. By working with its Oaklins partner firms, Quam Capital is able to leverage on the Oaklins network of over 700 professionals in over 40 countries to secure business and source new referrals across the globe.

About Quam Limited

Quam Limited ("Quam") is a Hong Kong-based financial services group which was listed on The Stock Exchange of Hong Kong Limited in 1997 (SEHK: 0952). The core businesses of the Group are now comprising Quam Securities, Quam Capital, Quam Asset Management, Quam Wealth Management and Quamnet.com. By utilizing the best of both its online resources and solid expertise, Quam strives to become the ideal partner for both corporate and individual investors in Hong Kong and China. Quam also offers premier one-stop financial services to its clients. In addition, Quam provides capital markets services through its representative offices or the wholly-owned foreign enterprises in Shenzhen, Shanghai, Shenyang, Ningbo, Dalian, Beijing, Chengdu, Hangzhou and Xiamen of the PRC and through its Global Alliance Partners network in Japan, Thailand, UAE, the United States, the UK, Australia, Indonesia, Jordan and the Philippines. For more information on Quam, please visit www.quamlimited.com.

About Quam Capital Limited

Quam Capital Limited ("Quam Capital") is the corporate finance arm of Quam. It is the premier mid-tier financial services institution in Hong Kong offering a comprehensive range of financial services and wealth management solutions with a global perspective in capital markets. For more information on Quam Capital, please visit its website at www.quamcapital.com

For further enquiries, please contact:

Quam IR
Ms. Jane Chan, +852 2217 2906, jane.chan@quamgroup.com
Ms. Stella Yuen, +852 2217 2908, stella.yuen@quamgroup.com
Mr. Tong Man Fung, +852 2217 2682, mf.tong@quamgroup.com
Ms. Nicola Lung, +852 2217 2909, nicola.lung@quamgroup.com



Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Risecomm Group Holdings Limited Announces Details of Proposed Listing on the Main Board of the Stock Exchange of Hong Kong Limited

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Starting from the left they are Mr. Zhang Youyun (Executive Director), Mr. Wang Shiguang (Chairman and Executive Director), Mr. Yue Jingxing (Chief Executive Officer and Executive Director), Mr. Leung Ka Lok (Chief Financial Officer and Company Secretary) and representative of Sole Sponsor, Joint Bookrunners and Joint Lead Managers, Mr. Michael Ngai, Associate Director of China Galaxy International Securities (Hong Kong) Co. Limited.
- Global Offering of 200,000,000 shares
- Offer price ranges from HK$0.90 to HK$1.00 per share

HONG KONG, May 29, 2017 - (ACN Newswire) - Risecomm Group Holdings Limited ("Risecomm" or the "Group", proposed 1679.HK), the third largest PLC technology company in China, today announced details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("HKSE").

- Investment Highlights -

- Possesses core competency in power line communications (PLC) IC design and superior research and development ("R&D") capabilities in PLC technology, strives to maintain excellence in R&D of PLC technology
- One of the largest PLC IC suppliers in China, well positioned to benefit from the high barriers of entry and continuing growth and upgrading of the PLC industry
- Long-term cooperative relationship with State Grid Corporation of China ("SGCC") enables capture of huge opportunities in the PLC market
- One of the first-movers in the smart energy management industry with a number of energy management pilot projects launched in China
- Seasoned management and sales teams with distinguished technological expertise and sales and marketing experience

- Offering Details -

Risecomm Group Holdings Limited plans to offer a total of 200,000,000 shares under the Global Offering (subject to the Over-allotment Option), of which 180,000,000 will be for International Offering (subject to adjustment and Over-allotment Option) and 20,000,000 will be for the Hong Kong Public Offering (subject to adjustment). Assuming an Offer Price of HK$0.95 per share, being the mid-point of the indicative Offer Price range of HK$0.90 to HK$1.00 per share, net proceeds from the Global Offering, after deducting underwriting fees and estimated expenses payable by the Group in connection with Global Offering, are estimated to be approximately HK$144.1 million before exercise of any Over-allotment Option.

The Hong Kong Public Offering commenced at 9:00 a.m. on 29 May 2017 (Monday) and will end at 12:00 noon on 2 June 2017 (Friday). The final Offer Price and allotment results will be announced on 8 June 2017 (Thursday). Dealing of the shares is expected to commence on the Main Board of HKSE at 9:00am on 9 June 2017 (Friday) under the stock code 1679. The shares will be traded in board lots size of 2,500 shares each.

China Galaxy International Securities (Hong Kong) Co., Limited is the Sole Sponsor, and China Galaxy International Securities (Hong Kong) Co., Limited and Long Asia Securities Limited are the Joint Bookrunners and Joint Lead Managers of the listing.

- Investment Highlights -

Risecomm possesses core competency in PLC IC design and superior R&D capabilities

Since its inception in 2006, as a fabless PLC technology company, the Group has been focusing on PLC IC design and R&D of PLC technology. Its core competency lies in designing advanced application-specific ICs, or ASICs, and these proprietary ASICs are embedded in all its PLC products. The Group pioneered in developing PLC ICs with proprietary IC designs and advanced PLC technologies for deployment of automated meter reading (AMR) systems by SGCC. Also, the Group has been invited by SGCC to participate in the formulation and setting PLC industry standards in China since 2012.

The Group has been investing substantial resources in R&D and its R&D expenses are equivalent to on average about 9% of its total revenue. It has a 140-strong R&D team, or 34.5% of its entire workforce, and members of team have on average seven years of experience in related industries, approximately 12.1% of them hold a master's degree or higher (including PhD degrees) in related areas (such as communications technologies and electronic automation). Thanks to its R&D efforts, the Group now owns a significant intellectual property portfolio comprising 24 registered patents, 43 registered computer software copyrights, seven registered software products and seven registered IC layout designs as of the latest practicable date.

One of the largest PLC IC suppliers in China

The Group ranked third in 2016 among PLC IC suppliers in China in terms of sales volume of PLC products with an overall market share of 11.2% . It also captured 10.9% of SGCC's total bidding volume for PLC-based AMR devices. The PLC industry in China has high entry barriers as it is technology intensive and requires substantial practical experience for a player to able to meet the needs of the highly complex power grid infrastructure and operating environment. Although AMR application remains the dominant focus of the PLC industry in China, the industry is expected to continue to grow driven by government policies in support of the rollout of smart grids and upgrades of AMR systems, and also advancement in PLC technology. With its well established market position, technological advantages, R&D capabilities and long-term business relationship with SGCC, the Group is well positioned to solidify its position in China's PLC market.

Long-term stable cooperative relationship with SGCC

In 2008, Risecomm was selected by SGCC to participate in its first AMR pilot project in China undertaken in Heilongjiang Province. In 2010, the Group's AMR products started to be commercially deployed in SGCC's AMR systems. In 2012, the Group was invited by SGCC to participate in the formulation and setting of PLC industry standards in China. In 2014, the Group's OFDM ICs (second-generation PLC ICs of the Group) was first used in SGCC's AMR pilot project. In 2015, the Group became a qualified PLC technology company for Southern Grid, which qualified it for direct bidding of the latter's concentrator and collector contracts. In 2016, Risecomm began to take part in SGCC's pilot projects for the "Four-Meters-in-One" initiative and broadband PLC respectively. As at 31 December 2016, the Group's AMR products were commercially deployed by SGCC in 23 of the 26 provinces it covers in China. For years, the Group has worked closely and maintained a long-term relationship with SGCC, which has enabled it to seize the huge business opportunities in the PLC market.

One of the first-movers in the smart energy management industry

Risecomm's smart energy management business covers applications of streetlight control, building energy management and photovoltaic power management. Leveraging first-mover advantage and strong capabilities in PLC technologies and product development, the Group has become the largest PLC solutions provider in China for the streetlight control application, with a market share of 48.1% . As at 31 December 2016, the Group's PLC technology and solutions were sold to streetlight control clients in 15 provinces of China. In recent years, the Group has expanded the application scope of its PLC products and solutions to other selected strategic areas of smart energy management. In particular, the Group has developed PLC products and solutions for building energy management applications for enterprise users, such as Shenzhen Fox-Energy Technology Co., Ltd, a subsidiary of Foxconn Technology Group, as well as certain hotel chains and tertiary institutions in China. And, in 2011, it started to sell PLC products in connection with photovoltaic power management for solar micro-inverters to Zhejiang APsystems Technology Co., Ltd., a leading micro-inverter producer in China.

Seasoned management and sales teams

Risecomm's management team includes technology experts who bring a wealth of experience in IC design and communications technology as well as the PRC power sector. The Group's R&D and overall business strategies are led by Mr. Yue Jingxing, its co-founder, executive Director and Chief Executive Officer, who has more than 20 years of experience in IC design. As for R&D with regard to technology advancement and applications, it is led by Dr. Gu Jian, the Group's co-founder and chief technology officer and vice president of Risecomm WFOE, who has more than 20 years of experience in the communications technology industry. Both of them obtained postgraduate degrees in electrical engineering in the United States and have extensive work experience in prominent US communications technology companies prior to founding the Group. In addition, the team includes Mr. Wang Shiguang, the Group's Chairman and executive Director, who has more than 15 years of management and sales experience in the electronics and power sectors in China. Mr. Wang has played a critical leading role in expanding the sales and marketing reach of the Group's AMR business in connection with AMR deployment in SGCC's smart grids. The distinguished technological expertise and sales experience of Risecomm's teams will continue to power the Group's expansion and business growth.

-- Future Strategies --

Further strengthen Group's capabilities in PLC technology and R&D

The Group will continue to focus on R&D and strengthen its core capabilities in PLC technologies. In particular, it plans to boost its R&D capabilities through working with or acquiring intellectual property rights from third parties, moves that can supplement and allow it to expedite R&D in such areas as broadband OFDM ICs, "PLC+RF" dual-mode technology, and unified control systems for smart energy management. At the same time, the Group will continue to work closely with key industry participants (such as SGCC) and be involved in greater extent in drafting and formulation of industry standards (such as those for broadband PLC). Furthermore, it will also utilize its existing expertise and further explore in the research directions in support of the "Four-Meters-in-One" initiative led by SGCC.

Expand AMR business to new geographic markets and further enhance the functionality and competitiveness of AMR products

According to a Frost & Sullivan survey, Southern Grid started commercial deployment of AMR systems in March 2016, with a purchase plan of 75 million smart meters for the five years between 2016 and 2020. In 2015, the Group became a qualified PLC technology company for Southern Grid and, in August 2016, it engaged a sales agent to help promote AMR sales in the Southern Grid market. In addition, it will continue to put more resources to expand its market share in SGCC biddings, enhancing the functions of its AMR products and continue to develop innovative and competitive AMR products with new PLC technologies. Moreover, additional resources will also be devoted to enrich AMR product offerings and expand the Group's AMR product assembly capacity. To these ends, Risecomm has established a new product assembly hub in Changsha, Hunan Province mainly for mass production of collector and smart energy management products and solutions.

Enhance capabilities in product development and sales and marketing to accelerate the growth of smart energy management business

With the government rolling out more polices and industries initiatives in support of energy conservation and environmental protection (especially those in the 13th Five-Year Plan of National Economy and Social Development), the Group plans to further invest in smart energy management to speed up revenue growth of the business. It intends to enhance product development efforts to provide an enriched pipeline of products and solutions that address the needs of each of strategically selected areas of smart energy management applications, including streetlight control, building energy management and photovoltaic power management applications. Moreover, it plans to strengthen sales and marketing efforts in order to expand customer base for each of these strategically selected smart energy management applications. It will also enhance direct sales and also establish strong sales channels through system integrators, energy management companies and energy project contractors.

Going forward, the Group will continue to expand and strengthen its R&D team by recruiting talent and providing comprehensive training to R&D personnel. It will also constantly improve the functions of its AMR products and expand the business to new geographic markets. With extensive industry experience, proven track record and an experienced management team, the Group will continue to make progress with its business and its hope is to bring satisfactory returns to investors.

Financial Highlights
(RMB'000)                 For the year ended 31 December
                           2014        2015         2016       CAGR
Revenue                 232,628     340,724      390,210     29.51%
Gross profit            114,822     175,753      195,263     30.41%
Gross profit margin %     49.4%       51.6%        50.0%        N/A
Profit for the year      40,555      57,603       19.18%

Use of Proceeds

Assuming an Offer Price of HK$0.95 per share (being the mid-point of the indicative Offer Price range), the estimated net proceeds of the global offering is HK$144.1 million intended for the following uses:

- Research and development of the PLC technology and related products and solutions / 60.0%
-- Investing in development of intellectual properties
-- Possible mergers and acquisitions of technology and/or research companies with complementary core technologies and intellectual properties, or to acquire technologies or intellectual property rights from those companies
-- Recruitment of R&D staff to support the business and core research activities, as well as day-to-day R&D functions

- Sales and marketing expenditure / 20.0%
-- Cultivating relationships with any possible sales channels and conducting training for any external sales and marketing force
-- Participating in trade exhibitions and industry forums at home and abroad
-- Conducting marketing and promotion activities to enhance brand recognition
-- Participating in more pilot projects for smart energy management business
-- Recruiting sales and marketing personnel

- Repayment of an entrusted bank loan obtained for purchase of a new product assembly hub in Changsha, Hunan Province / 10.0%

- Working capital and general corporate purposes / 10.0%

About Risecomm Group Holdings Limited

Founded in 2006, Risecomm Group Holdings Limited is a power line communications (PLC) technology company specializing in the design,development and sale of system-on-chip ICs, modules, devices and solutions adopting the PLC technology. As one of China's largest PLC technology companies, the Group's core competence is the development of application-specific integrated circuits (ASICs) and its proprietary ASICs are embedded in all of its PLC products. With the support of a strong R&D team and abundant resources, the Group continues to pursue technological innovation. The Group's PLC products are used mainly by the power grid companies in China. It is one of the first PLC technology companies to have AMR products commercially deployed in State Grid's AMR systems. In 2016, the Group's AMR products were commercially deployed by the State Grid in 23 of the 26 provinces in China that the grid covers. At the same time, the Group is the largest PLC solutions provider for streetlight control in China, and also provides various PLC products and solutions for a number of applications related to energy saving and environmental protection. For more details about Risecomm, please visit website: http://www.risecomm.com.cn/en/.


Media Enquiries:

Strategic Financial Relations Limited
Heidi So, +852 2864 4826, heidi.so@sprg.com.hk
Cecilia Shum, +852 2864 4890, cecilia.shum@sprg.com.hk
Sophie Du, +852 2114 4901, sophie.du@sprg.com.hk
www.sprg.com.hk



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Fujitsu Launches Digital Production Preparation Tool VPS That Integrates On-Site Production Processes

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Figure 1: Automatically expanded display of components to be assembled
Figure 2: Automatic insertion of process information into diagrams
Figure 3: Example of the manufacturing instruction viewer
FPricing and Availability for the Major Products in the VPS Series
Figure 4: VPS product structure
Rapidly updates assembly process information that is continually changing due to on-site improvements or design changes

TOKYO, May 30, 2017 - (JCN Newswire) - Fujitsu today announced that, beginning in June, it is launching a new version of its Fujitsu Manufacturing Industry Solution Virtual Product and Process Simulator (VPS), a digital production preparation tool developed by Digital Process Ltd. that supports product assembly process studies with 3D models, aimed at the assembly and manufacturing industry. In addition to assembly processes reviews, VPS can now integrate on-site production processes by rapidly updating assembly process information, which is constantly changing due to design changes or on-site improvements.

A software package that supports the user in smoothly setting up mass production, VPS uses 3D model data for products created with CAD to cover necessary tasks in preparing for production, including examining the product assembly process, reviewing manufacturing line layouts, creating documents used in manufacturing, and validating control software for production equipment.

Now, Fujitsu has enhanced assembly animation creation and design change support functions in order to accurately and quickly create and update assembly process data, which is constantly changing due to design changes and on-site improvements. In addition, the company is also offering the manufacturing instruction viewer in order to use data made in the VPS, such as assembly sequences and process flows, on-site at production facilities. By connecting the manufacturing instruction viewer to a picking system or other tools being used, it can also collect their task performance information.

By bringing together assembly process data with the actual processes in production facilities in this way, the assembly process data can be updated to a state that is usable on-site in production facilities, contributing to support for changing on-site task processes and the promotion of IoT in production.

Background

As there has been a demand for the promotion of IoT in production facilities in recent years, the ability to coordinate process information, such as assembly sequences, between digital data and the situation on the ground in production facilities in a timely fashion has become indispensable. In assembly processes, for example, it is necessary to ensure that bill of process (BOP)(1) information, which was created in the planning stage, displaying the components, task sequence, and task location for each process, agrees with the latest on-site process information that has been updated on the ground, but because this task required a great deal of work, it was often not done.

Now, by strengthening VPS's functions relating to the creation and editing of assembly processes, this new version achieves updates to BOP information, supporting sudden changes in such things as product specifications, production volume, and production methods.

Features of this Product

1. Updating assembly process data by integrating on-site processes

VPS is a tool that can rearrange CAD structures into assembly sequences, create assembly animations, attach process information such as task time, and compile it into BOP information. Now, in order to create animations and still images that can be used in technical documents used in production, such as task instruction books, Fujitsu has added a function that automatically changes viewpoints for easy understanding, and a function that automatically incorporates process information as notes. By adding the ability to display differences in shapes and color differentiation functionality to the design change support function, assembly process information can be accurately and rapidly created and regularly updated.

http://www.acnnewswire.com/topimg/Low_FujitsuVPSFig1.JPG
Figure 1: Automatically expanded display of components to be assembled

http://www.acnnewswire.com/topimg/Low_FujitsuVPSFig2.JPG
Figure 2: Automatic insertion of process information into diagrams

2. Describes a diverse variety of product specifications and complex task processes

For products, such as laptops, which have a variety of different specifications, Fujitsu has added functionality capable of collating the components included in all specifications of a product and process information, along with shape information, in one VPS file. It also added functionality that can display and output process information for each product specification and change between displaying different assembly animations for them. Previously, users would create and use a VPS file for each specification, but this change eliminates the need to update all VPS files for each specification when there are changes to parts or processes common to multiple specifications, thereby also simplifying data management.

3. Connecting VPS with BOM systems enables adoption of assembly process information

Fujitsu has added BOM-CAD allocation functionality that, for such products as large vehicles, for which product configuration and assembly sequences have largely been established, can create assembly process information based on bill of materials (BOM) information(2), which displays a complete list of components and their configuration. With this functionality, VPS can combine component and configuration information managed through BOM systems with CAD shape information to create assembly process information, enabling rapid creation of assembly process information even when partial improvements have been made to units.

4. Promoting the adoption of IoT in production facilities

Fujitsu is offering a manufacturing instruction viewer for users to access assembly process information created in VPS, such as animations of assembly sequences and process flow information, on-site in production facilities. By delivering easy-to-understand task instructions through animations on displays instead of previous task instruction books on paper, it is possible for assembly tasks to be completed efficiently and accurately without relying on the skill of the worker. In addition, by customizing the manufacturing instruction viewer, it is possible to automatically link the task performance information from sensors in tools and picking systems with a manufacturing execution system (MES)(3). In this way, task performance information from on the ground in production facilities can be fed back into VPS, not only speeding up the cycle of on-site improvements but also contributing to the promotion of the use of IoT in production facilities.

http://www.acnnewswire.com/topimg/Low_FujitsuVPSFig3.JPG
Figure 3: Example of the manufacturing instruction viewer

With this new version of VPS, in addition to the enhanced functions listed above, Fujitsu has also added such functionality as a line-verification function for mixed production to VPS GP4, which verifies the layout of manufacturing lines, and a production equipment (including robots) control program verification function to VPS IOC, which verifies production equipment control software.

FPricing and Availability for the Major Products in the VPS Series
http://www.acnnewswire.com/topimg/Low_FujitsuFPricingAvail.JPG

http://www.acnnewswire.com/topimg/Low_FujitsuVPSFig4.JPG
Figure 4: VPS product structure

Sales Target

Sales of 5.0 billion yen by the end of fiscal 2020 (Fujitsu's fiscal year ends on March 31).

(1) Bill of process (BOP)
A format for connecting and managing process information that, for each process, reveals which components are to be used, as well as where and in what way tasks are to be performed. Enables the storage and searching of information key to production processes.
(2) Bill of materials (BOM)
A table of components and component configurations. Provides an overview of the components included in a product and their configuration. It includes information such as component name, number, specification, and materials, enabling management and referencing of information on the components that comprise a product.
(3) Manufacturing execution system (MES)
A system for monitoring and managing tasks for equipment and personnel in factory production lines.
(4) VPS Assembly Animation
A stand-alone license. All other licenses listed in the table are network licenses. (Can be used by client devices on the same network simultaneously by a number of devices up to the number of licenses purchased. There is no limit to the number of installations.)
(5) VPS Standard V15L19
A product set consisting of VPS Digital Mockup and VPS Manufacturing
(6) VPS manufacturing instruction viewer
Each client requires a VPS Viewer license (JPY 98,000 per license)

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 159,000 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; ADR:FJTSY) reported consolidated revenues of 4.7 trillion yen (US$41 billion) for the fiscal year ended March 31, 2016. 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/

Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

Mazda Production and Sales Results for April 2017

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I. Production
II. Domestic sales
III. Exports
TOKYO, May 30, 2017 - (JCN Newswire) - Mazda Motor Corporation's production and sales results for April 2017 are summarized below.

I. Production
http://www.acnnewswire.com/topimg/Low_MazdaApr17Production.JPG

1. Domestic Production

Mazda's total domestic production volume in April 2017 decreased 6.0 % year on year due to decreased production of passenger vehicles.

Domestic production of key models in April 2017
CX-5: 33,402 units (up 25.4% year on year)
Mazda3 (Axela): 16,180 units (down 13.8% year on year)
CX-3: 10,041 units (up 10.3% year on year)

2. Overseas Production

Mazda's overseas production volume in April 2017 increased 14.4% year on year due to increased production of passenger vehicles.

Overseas production of key models in April 2017
Mazda3: 20,846 units (down 4.9% year on year)
Mazda6: 5,604 units (up 153.5% year on year)
CX-4: 5,255 units (up 1282.9% year on year)

II. Domestic sales
http://www.acnnewswire.com/topimg/Low_MazdaApr17DomesticSales.JPG

Mazda's total domestic sales volume in April 2017 decreased 1.4% year on year due to decreased sales of commercial vehicles. Mazda's registered vehicle market share was 4.0% (down 0.4 points year on year), with a 2.3% share of the micro mini segment (down 0.1 points year on year) and a 3.4% total market share (down 0.3 points year on year).

Domestic sales of key models in April 2017
CX-5: 2,237 units (up 75.0% year on year)
Mazda2 (Demio): 2,047 units (down 41.5% year on year)
Mazda3 (Axela): 1,591 units (up 37.3% year on year)

III. Exports
http://www.acnnewswire.com/topimg/Low_MazdaApr17Exports.JPG

Mazda's export volume in April 2017 decreased 4.2% year on year, reflecting decreased shipments to North America, Europe, Oceania and other regions.

Exports of key models in April 2017
CX-5: 30,508 units (up 19.9% year on year)
Mazda3: 15,257 units (down 11.5% year on year)
CX-3: 9,168 units (up 12.6% year on year)

About Mazda

Mazda Motor Corporation (TSE: 7261) started manufacturing tools in 1929 and soon branched out into production of trucks for commercial use. In the early 1960s, Mazda launched its first passenger car models and began developing rotary engines. Still headquartered in Hiroshima in western Japan, Mazda today ranks as one of Japan's leading automakers, and exports cars to the United States and Europe for over 30 years. For more information, please visit www.mazda.com

Contact:
Corporate Communications Division Mazda Motor Corporation, Japan +81-3-3508-5056 [Tokyo] +81-82-282-5253 [Hiroshima] mailto: media@mazda.co.jp

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Toyota Announces Results for April 2017

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Toyota City, Japan, May 30, 2017 - (JCN Newswire) - Toyota Motor Corporation announces its production, domestic sales, and export results for April 2017, including those for subsidiaries Daihatsu Motor Co., Ltd., and Hino Motors, Ltd.

April 2017 Results
http://www.acnnewswire.com/topimg/Low_ToyotaApril2017Results.JPG

April 2017 Key Points (year-on-year)

Production in Japan

Toyota
- First increase in two months

Daihatsu
- Twelfth consecutive month of increase

Hino
- Third consecutive month of increase

Toyota + Daihatsu + Hino
- First increase in two months

Sales in Japan

Toyota
- Sixth consecutive month of increase
- Lexus vehicle sales totaled 3,050 units (32.4 percent decrease)
- Minivehicle sales totaled 2,370 units (28.5 percent increase)
- 50.3 percent share of market excluding minivehicles (2.7 percentage point decrease)
- 32.5 percent share of market including minivehicles (2.8 percentage point decrease)

Daihatsu
- First increase in five months
- Minivehicle sales totaled approximately 44,500 units (20.1 percent increase); first increase in six months
- 34.1 percent share of minivehicle market (1.0 percentage point increase)

Hino
- First decrease in six months
- Standard truck sales totaled approximately 1,500 units (23.7 percent decrease); first decrease in six months
- 31.7 percent share of the truck(1) market (7.0 percentage point decrease)

Toyota + Daihatsu + Hino
- Sixth consecutive month of increase
- 46.5 percent share of market including minivehicles (1.5 percentage point decrease)

Exports

Toyota
- First increase in two months; due to increased exports to North America, Europe, Asia, Oceania, the Middle East, and Africa

Daihatsu
- Daihatsu had one unit of export.

Hino
- Decreased; due to decreased exports to North America, Oceania, the Middle East, and Africa

Toyota + Daihatsu + Hino
- First increase in two months

Production Outside of Japan

Toyota
- First decrease in four months; due to decreased production in North America, Asia, Australia, and Africa

Daihatsu
- Twelfth consecutive month of increase; due to increased production in Indonesia

Hino
- Thirteenth consecutive month of increase; due to increased production in Asia

Toyota + Daihatsu + Hino
- First decrease in six months

Year to Date (January 1 to April 30, 2017)
http://www.acnnewswire.com/topimg/Low_ToyotaApril2017YTD.JPG

(1) Maximum loading capacity of four tons or more; excluding imported trucks

About Toyota

Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. As of the end of December 2013, Toyota conducts its business worldwide with 52 overseas manufacturing companies in 27 countries and regions. Toyota's vehicles are sold in more than 170 countries and regions. For more information, please visit www.toyota-global.com.

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

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Honda Sets Monthly Records for Automobile Production in Asia and China

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Worldwide Production
Production Outside of Japan
Sales in the Japanese Market
Exports from Japan
TOKYO, May 30, 2017 - (JCN Newswire) - Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of April 2017.

Worldwide Production
http://www.acnnewswire.com/topimg/Low_Honda417WorldwideProduction.JPG

Production Outside of Japan
http://www.acnnewswire.com/topimg/Low_Honda417ProdOutsideJapan.JPG

Production in Japan for the month of April 2017 experienced a year-on-year increase for the first time in three months (since January 2017).

Production in regions outside of Japan experienced a year-on-year decrease for the first time in nine months (since July 2016). This includes record high production for the month of April in Asia and China.

Worldwide production experienced a year-on-year decrease for the first time in nine months (since July 2016).

Sales in the Japanese Market
http://www.acnnewswire.com/topimg/Low_Honda417SalesJapMarket.JPG

Total domestic automobile sales in the Japanese market for the month of April 2017 experienced a year-on-year increase for the first time in three months (since January 2017).

New vehicle registrations experienced a year-on-year increase for the second consecutive month (since March 2017).

Sales of mini-vehicles experienced a year-on-year decrease for the third consecutive month (since February 2017).

Vehicle registrations - excluding mini-vehicles
FREED was the industry's fourth best-selling car among new vehicle registrations for the month of April 2017 with sales of 9,111 units. Fit was the industry's seventh best-selling car with sales of 6,398 units.

Mini-vehicles - under 660cc
N-BOX was the industry's top-selling car in the mini-vehicle category for the month of April 2017 with sales of 12,265 units. N-WGN was the industry's eighth best-selling car with sales of 5,016 units.

Exports from Japan
http://www.acnnewswire.com/topimg/Low_Honda417ExportsJapan.JPG

Total exports from Japan in April 2017 experienced a year-on-year decrease for the fourth consecutive month (since January 2017).

About Honda

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

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

Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

Mitsubishi Motors Announces Production, Sales and Export Figures for April 2017

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TOKYO, May 30, 2017 - (JCN Newswire) - Summary : April 2017

Domestic Production
- Twelfth consecutive monthly year-on-year decrease since April, 2016 ( 87.6% year-on-year )

Overseas Production
- First monthly year-on-year decrease in six months since October, 2016 ( 94.3% year-on-year )

Total Production
- Third consecutive monthly year-on-year decrease since January, 2017( 91.2% year-on-year )

Domestic Sales
- First monthly year-on-year increase in five months since November, 2016 ( 134.2% year-on-year )

Exports
- Twelfth consecutive monthly year-on-year decrease since April, 2016 ( 64.9% year-on-year )

Supplemental Information

Overseas Production
- Asia ( 39,942 units: 94.3% year-on-year )

Exports
- Asia ( 266 units: 21.5% year-on-year )
- North America ( 7,427 units: 79.9% year-on-year )
- Europe ( 8,016 units: 71.2% year-on-year )

Summary:
http://www.acnnewswire.com/topimg/Low_MitsubishiApril2017.JPG

About Mitsubishi Motors

Mitsubishi Motors Corporation is the fifth largest automaker in Japan and the fifteenth largest in the world by global unit sales. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries.

Throughout its history it has courted alliances with foreign partners, a strategy pioneered by their first president Tomio Kubo to encourage expansion, and continued by his successors. A significant stake was sold to Chrysler Corporation in 1971 which it held for 22 years, while DaimlerChrysler was a controlling shareholder between 2000 and 2005. Long term joint manufacturing and technology licencing deals with the Hyundai Motor Company in South Korea and Proton in Malaysia were also forged, while in Europe the company co-owned the largest automobile manufacturing plant in the Netherlands with Volvo for ten years in the 1990s, before taking sole ownership in 2001.

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

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NEC/Netcracker Partners with Infinera and Juniper Networks to Enable End-to-End Network Automation and Control

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Following a Successful Demonstration with the OIF/ONF Transport API Project, the Companies Join Forces to Accelerate Network Transformation

TOKYO, May 30, 2017 - (JCN Newswire) - NEC Corporation and Netcracker Technology announced today that, in partnership with Infinera and Juniper Networks, they have released a new Transport SDN solution designed to transform how networks are managed and controlled.

Combining Infinera's strength in building its Intelligent Transport Networks, Juniper's industry-leading capabilities in IP/MPLS, physical/virtual network functionality and domain orchestration, and NEC/Netcracker's multilayer control and service orchestration expertise, including NEC's advanced network transport products, the partnership enables a compelling new Transport SDN solution. This new solution provides full visibility across all IP, optical and microwave domains, including SDN and traditional network environments, optimizes network utilization and automates service provisioning and path restoration.

This solution benefits service providers by enabling network transformations that intelligently adapt to the dynamic requirements of end users with the ability to carve out network slices for specific services end-to-end. This makes it possible to accommodate changing traffic patterns and on-demand customer requests, deliver an improved customer experience and produce significant cost savings by optimizing capacity usage. Additionally, the solution empowers service providers to automate their network service infrastructure, enabling them to focus their resources on expanding revenue opportunities while optimizing their service costs at any given time.

NEC/Netcracker, Infinera and Juniper Networks demonstrated their joint solution as part of the Optical Interworking Forum (OIF)/Open Networking Foundation (ONF) Transport API project where the participants executed a multidomain path selection and recovery test plan with intra-lab and inter-lab testing across multiple global carrier labs, including both Verizon's and Telefonica's. In the demo, NEC/Netcracker's Multilayer SDN Controller used the new Transport API defined by the ONF to communicate with Juniper's NorthStar Controller at Verizon's lab and the Infinera Xceed optical SDN domain controllers at Telefonica's lab. NEC/Netcracker's Service Orchestration solution successfully created and managed Ethernet point-to-point private services across multiple vendors and multiple operators' domains. All tests were completed successfully.

"Service providers need a master Transport SDN solution that optimizes network traffic and automates configuration to maximize performance across all transport layers," said Shigeru Okuya, Senior Vice President at NEC Corporation. "With the support of our partners, NEC and Netcracker ensure that our customers can leverage best-of-breed solutions with minimal risk to enable end-to-end network automation and control."

"We are excited to bring this new solution to market, showcasing how virtualization can enable a completely new set of automation and optimization opportunities to enhance networks with innovative visualization, operations, optimized capacity planning and utilization functionality," said Aloke Tusnial, Chief Technology Officer, SDN/NFV Business at Netcracker. "By partnering with industry leaders like Juniper and Infinera, NEC/Netcracker is bringing a pre-integrated best-of-breed solution that offers customers flexibility and choice in fundamentally rethinking their network design and level of automation."

"Juniper Networks is committed to improving network automation so our customers can respond to changing traffic patterns with speed and agility, while optimizing network utilization," said Brian Rosenberg, Corporate Vice President of Partners and Alliances at Juniper Networks. "We are excited to partner with NEC/Netcracker to enable service providers to accelerate automation to meet network demands through the new Transport SDN solution."

"Infinera's goal is to provide highly scalable, automated and open Intelligent Transport Network solutions for our customers as they address a new era of more dynamic and ever-greater bandwidth demand," said Serge Melle, Vice President of Business Development at Infinera. "To this end, we are pleased to partner with NEC/Netcracker and Juniper to deliver a best-in-class multi-layer IP plus optical SDN networking solution."

For more information on Netcracker's Ecosystem 2.0 Program, please contact Joanna Larivee at Joanna.Larivee@Netcracker.com.

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

Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

Constellation Brands to Present at the RBC 2017 Consumer and Retail Conference, May 31, 2017

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VICTOR, N.Y., May 30, 2017 - (ACN Newswire) - Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that David Klein, chief financial officer, will present at the RBC 2017 Consumer & Retail Conference on Wednesday, May 31, 2017, at the Four Seasons Hotel in Boston. The presentation is scheduled to begin at 11:20 a.m. EST and is expected to cover the company's strategic business activities, financial and operational performance, and outlook for the future.

A live audio webcast of the presentation can be accessed on the company's website at www.cbrands.com by following the instructions in the "Investors" section. Following the presentation, the webcast will be available on the company's website for replay through the close of business on Friday, June 23, 2017. Financial and statistical information discussed in the presentation and a reconciliation of any reported (GAAP) financial measures with comparable or non-GAAP financial measures will also be available on the company's website in the "Investors" section under "Financial History".

About Constellation Brands

Constellation Brands (NYSE: STZ and STZ.B), a Fortune 500(R) company, is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, Italy and Canada. Constellation is the No. 3 beer company in the U.S. with high-end, iconic imported brands such as Corona Extra, Corona Light, Modelo Especial, Modelo Negra and Pacifico. The company's beer portfolio also includes Ballast Point, one of the most awarded craft brewers in the U.S. In addition, Constellation is the world leader in premium wine, selling great brands that people love, including Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Franciscan Estate, Ruffino and The Prisoner. The company's premium spirits brands include SVEDKA Vodka, Casa Noble Tequila and High West Whiskey.

Based in Victor, N.Y., the company believes that industry leadership involves a commitment to brand building, our trade partners, the environment, our investors and to consumers around the world who choose our products when celebrating big moments or enjoying quiet ones. Founded in 1945, Constellation has grown to become a significant player in the beverage alcohol industry with more than 100 brands in its portfolio, about 40 facilities and approximately 9,000 talented employees. We express our company vision: to elevate life with every glass raised. To learn more, visit www.cbrands.com.

CONTACTS:
Media
Mike McGrew: +1-773-251-4934
Amy Martin: +1-585-678-7141

Investor Relations
Patty Yahn-Urlaub: +1-585-678-7483
Bob Czudak: +1-585-678-7170

###

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


Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Eisai Enters Into a New Joint Research Agreement With the Broad Institute to Develop an Antimalarial Medicine

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TOKYO, May 31, 2017 - (JCN Newswire) - Eisai Co., Ltd. announced today that it has entered into a new joint research agreement with the Broad Institute, a collaborative research institute which includes researchers from the Massachusetts Institute of Technology and Harvard University to develop a new antimalarial medicine based on antimalarial drug targets the team identified last year.

The Eisai and Broad Joint Development Program for Antimalarial Medicines, was established in September 2014 and has led to the identification and optimization of promising molecules, using hits obtained by screening Broad's compound library for antimalarials as a starting point. These compounds interact with a novel target in the malarial parasite (Phenylalanine t-RNA synthetase) which results in inhibition of protein synthesis. The compounds exhibit potent both in vitro and in vivo antimalarial activity, in the blood-, liver-, and transmission-stages of the parasite life cycle. These results were published in the scientific journal Nature in September 2016.(1)

Malaria is a deadly disease caused by malarial parasites and is vector-transmitted (transmitted by an infected mosquito). According to the World Health Organization, the disease led to an estimated 430,000 deaths in 2015, mostly African children.(2)

The majority of available antimalarial medicines target the blood-stage, in which the parasites replicate within erythrocytes. There is, however, a need for medicines that target all stages of the parasite lifecycle. Parasites can also become resistant to drug treatments, and thus there is an urgent need to develop medicines that utilize new mechanisms of action.

Under this agreement, Eisai and Broad aim to generate novel compounds with improved properties by building on the base of the joint development program's results, and leveraging Broad's medicinal chemistry capabilities alongside Eisai's knowledge of pharmaceutical development. After selection of a lead optimization candidate, Eisai will have the option to an exclusive license to develop the candidate.

"We are very encouraged by the favorable progress of our collaboration with the Broad Institute and are hopeful that it will lead to a new antimalarial medicine that will benefit the millions currently in need," said Haruo Naito, CEO of Eisai Co., Ltd. "At Eisai, we are proactively working to contribute towards global health, which we consider to be our mission and a long term investment in creating a healthy and prosperous middle-income class."

"If successful, this would be a novel mechanism-of-action drug that targets a protein that has never-before been targeted in antimalarial therapeutics," said research team leader Stuart Schreiber, a founding core member of the Broad Institute and a pioneer in the field of chemical biology and novel approaches to therapeutics. "Existing drugs have been around for decades, which is one reason that resistance emerges so quickly. Eisai's commitment to working with the non-profit and academic research community to explore promising new approaches demonstrates its dedication to helping overcome a deadly medical challenge that still threatens hundreds of thousands of children in developing countries."

This joint research program is funded by the Global Health Innovative Technology Fund (GHIT Fund), an international non-profit organization headquartered in Japan.

Under its human health care (hhc) philosophy, Eisai is determined to be proactive in improving access to medicines worldwide through partnerships with governments, international organizations, and other non-profit private sector organizations. Through these collaborations, Eisai aims to make new treatments available as early as possible to patients with malaria, tuberculosis and neglected tropical diseases, and thereby further increasing the healthcare benefits provided to the patients and their families.

About the Global Health Innovative Technology Fund

The first of its kind in Japan, the GHIT Fund is a public-private partnership between the Japanese government, multiple pharmaceutical companies, the Bill & Melinda Gates Foundation, the Wellcome Trust, and UNDP. Launched in April 2013 with an initial commitment of more than US$100 million and now with capital of US$145 million, the organization taps Japanese research and development (R&D) to fight neglected diseases. GHIT Fund invests and manages a portfolio of development partnerships aimed at neglected diseases that afflict the world's poorest people. GHIT Fund mobilizes Japanese pharmaceutical companies and academic and research organizations to engage in the effort to get new medicines, vaccines, and diagnostic tools to people who need them most, with Japan quickly becoming a game-changer in global health. www.ghitfund.org.

About Malaria

Malaria is a deadly disease caused by malarial parasites that are transmitted to people through the bite of an infected mosquito. According to the World Health Organization, in 2015 alone, the disease infected approximately 212 million people and led to an estimated 430,000 deaths, mostly among African children.(2)

As shown in the diagram below, when a mosquito takes blood from a human, malarial parasites in sporozoite form that are injected with the saliva of the mosquito (1) grow in the person's liver cells (2 - 3: liver-stage) before then migrating to the blood stream and multiplying within red blood cells (4). This causes the red blood cells to rupture and the parasites to continue invading more red blood cells in a continuous cycle (4-5-6-4: blood-stage). The symptoms of malaria occur during this cycle, when the parasites have invaded the blood cells, and malaria treatment involves the use of medicines to work on the parasites at this stage. However, it is known that certain species of malaria such as Plasmodium vivax lie dormant in the liver cells (2) instead of growing, and after parasites in the bloodstream (4 - 6) are killed, these hidden parasites in the liver cells awaken later through some kind of stimulus and go on to reproduce and invade the bloodstream again, a process known as relapse. In addition, most malarial parasites produced in red blood cells (merozoites) are asexual, and will die inside a mosquito if taken during feeding. However, some of these (6: transmission-stage) develop within red blood cells into male and female gametocytes that can reproduce inside mosquitoes (7 - 8), which leads to malaria transmission. As such, if these male and female gametocytes can be killed while in the bloodstream of humans, it is possible to block the transmission of malaria to mosquitoes.

From Eisai ATM Navigator (http://atm.eisai.co.jp/english/)

3. About Malaria Treatments

The majority of available antimalarial medicines target the blood-stage, in which the parasites replicate within erythrocytes. Even though liver- and transmission-stages parasites do not cause malarial symptoms, they can lead to an onset or relapse by transitioning into the blood-stage, or they can further spread the disease by being transmitted to mosquitoes. As such, there is a need for antimalarial medicines which target all stages of the parasite lifecycle. Furthermore, since malarial parasites develop a resistance to antimalarial medicines, there is an urgent need for antimalarial agents with new mechanisms of action. Currently, treatment for malaria combines rapidly-acting artemisinins with lumefantrine, amodiaquine, mefloquine and other antimalarials for durability. However, in recent years, there have been reports of strains of malaria having resistance to even the relatively new artemisinin medicines. The candidate compounds discovered by Eisai and Broad have a new mechanism of action, and in pre-clinical trials, have demonstrated the rare characteristic of being effective against blood-, liver-, and transmission-stages malarial parasites. This could potentially lead to a drug that can target all stages of the parasite lifecycle.

(1) Nobutaka Kato, et al, "Diversity-oriented synthesis yields novel multistage antimalarial inhibitors" Nature, 2016; 538, 344-349
(2) World Health Organization http://www.who.int/mediacentre/factsheets/fs094/en/

About Eisai

Eisai Co., Ltd. (TSE:4523; ADR:ESALY) is a research-based human health care (hhc) company that discovers, develops and markets products throughout the world. Eisai focuses its efforts in three therapeutic areas: integrative neuroscience, including neurology and psychiatric medicines; integrative oncology, which encompasses oncotherapy and supportive-care treatments; and vascular/immunological reaction. Through a global network of research facilities, manufacturing sites and marketing subsidiaries, Eisai actively participates in all aspects of the worldwide healthcare system. For more information about Eisai Co., Ltd., please visit www.eisai.com.

Contact:
Public Relations Department, Eisai Co., Ltd. +81-3-3817-5120

Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

Electroplating Engineers of Japan Develops Innovative Direct Patterning Plating Technology that Opens the Potential of New-Generation Electronics

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Au wires formed on PET film
Wires ranging from 30 um to 5 um in width formed using the new technology
- New technology overcomes issues of existing metallic inks and enables low-resistance wire formation using low-temperature process at less than 100 degrees Celsius
- Vacuum-less and resist-less direct wire formation on numerous surfaces including PET film and glass achieved

TOKYO, May 31, 2017 - (ACN Newswire) - Tanaka Holdings Co., Ltd. (head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Akira Tanae) announced today that Electroplating Engineers of Japan, Ltd. (EEJA; plant and office: Hiratsuka City, Kanagawa Prefecture; Representative Director & CEO Muneharu Nakanouchi) used surface treatment chemicals (photosensitive primer used with a colloid catalyst) that it developed to create a new direct patterning plating technology. This technology does not require a vacuum environment or photoresist(*1), and can directly form low-resistance fine wires on a variety of materials using a low-temperature process that can be performed at or below 100 degrees Celsius.

The new technology is a plating technique whereby a photosensitive primer is applied to various substrates such as PET film or glass and exposed to light; after the substrate is immersed in a colloid catalyst solution that includes a gold nanoparticle(*2) catalyst. The catalyst is immersed in a electroless plating solution(*3) with whatever metal that has been selected for the specific application to form fine electronic circuitry patterns made of various metals with a wire width of 5 um (a micrometer is one-millionth of a meter). Recently, metallic inks have been a focus of attention as a next-generation metal wire formation technology, but this new technology is able to create low-resistance wires using a lower temperature process compared to the wire formation process used for existing metallic inks. In addition, a groundbreaking method of automatic adsorption of the gold nanoparticle catalyst by the photosensitive primer makes it possible to directly form the wires without using a photoresist. The new technology forms wires using a plating method that does not require vacuum equipment, facilitating the expansion to large batch processing(*4), which will make it possible to form high-performance metallic wires on various substrates and enable mass production.

As a result of the characteristics and benefits of this technology, it is expected to open new areas of next generation electronics processes that could not be achieved with existing metal wire forming technologies.

Main Features of the New Technology
- Produces wires with much lower volume resistivity (Au: 3.3 uohm-cm, Cu: 2.3 uohm-cm) using a low-temperature process at or below 100 degrees Celsius
- Directly forms fine wires on a variety of non-conductive materials including PET film and glass
- Does not require a vacuum environment or photoresist

Examples of Wire Formation Using the New Technology
(Images)
- Au wires formed on PET film http://bit.ly/2sh4mW1
- Wires ranging from 30 um to 5 um in width formed using the new technology http://bit.ly/2qvcW7a

Newly-developed photosensitive primer and colloid catalyst surface treatment chemicals

When developing the new technology, EEJA independently developed a photosensitive primer and a colloid catalyst as new surface treatment chemicals.

- Photosensitive Primer
The photosensitive primer is an application-type resin solution based on organic solvents and is used to supplement the gold nanoparticle catalyst on the substrate. By exposing the photosensitive primer to ultraviolet light, the ability to supplement the gold nanoparticles are eliminated in areas other than where wires are to be formed.

- Colloid catalyst
The colloid catalyst is a water solution that includes a gold nanoparticle catalyst and is automatically absorbed onto the priming paint surface. The gold nanoparticle catalyst has high catalytic activity in various types of electroless plating solutions, and as a result, a precipitation reaction occurs in the metal from adsorption in the electroless plating solution.

Issues with existing technologies

There has been strong demand in recent years for development of vacuum-less and resist-less metal wire formation technologies exemplified by printed electronics(*5) as core technologies of next generation electronics. Furthermore, development of metallic inks has become active as a leading candidate for a next-generation wire formation technology. Research that will enable the formation of wires with lower resistance at lower temperatures is being conducted, but it has not been possible to achieve both low-temperature wire formation and low-resistance wires. EEJA developed this new technology based on the idea that a plating method that deposits metallic crystals from a water solution at under 100 degrees Celsius will make it possible to form low-resistance wires using a low-temperature process.

Benefits of the new technology

- Vacuum-less and resist-less fine-wire formation
The new technology is centered on plating techniques and forms wires from a water solution, and consequently, a vacuum environment is not needed. By using a groundbreaking method of automatic adsorption of the gold nanoparticle catalyst by the photosensitive primer, direct wire formation is possible without the use of a photoresist. Expansion for large batch processing will be easy, making it possible to form high-performance metallic wires on various substrates and enabling mass production.

- Formation of low-resistance wires is possible using a low-temperature process
This technology uses a low-temperature process at under 100 degrees Celsius to produce wires with much lower volume resistivity (Au: 3.3 uohm-cm, Cu: 2.3 uohm-cm) compared to existing metallic ink technologies. As a result, it is possible to form high-performance wires on non-conductive materials with low temperature resistance such as PET and other general-purpose plastic films.

- Adequate bonding strength on smooth substrates
Wire formation that exhibits adequate bonding strength (0.5 N/mm) even on smooth-surface PET film (Ra = 10 nm) is possible. Surface roughing of the substrate is not needed, and high adhesion is achieved.

- Light exposure that does not require nitrogen purging or ozone elimination
The wavelength of the ultraviolet radiation to which the primer is exposed is in the range of 300 nm, and therefore, it is not necessary to use the short wavelength excimer UV light (with a wavelength of 200 nm or shorter) that is used with existing pattern wire formation technologies that modify the substrate surface. This means that external utilities such as nitrogen purging and ozone elimination from the light source are not needed.

- Application to a variety of printing processes is possible
Wire formation using printing processes that employ methods such as partial printing of the colloid catalyst solution with the primer applied to the substrate surface or printing primer on the substrate and immersing in a colloid catalyst solution are possible. As a result, the technology can be applied to various wire formation techniques that combine printing methods and light exposure methods.

Examples of application and possibilities of the new technology for new-generation electronics

The new technology can form low-resistance, fine wires at low temperature, and its main applications are expected to be flexible displays, antennas, and sensors. Formation of fine wires on three-dimensional surfaces is a possibility, and consequently, application to molded interconnect devices (MID; molded resin components with integrated wiring and electrodes) may be possible. In addition, multilayer wiring formation has successfully been achieved by combining application-type insulation materials, and there are expectations that this technology will lead to innovations in metal wire formation technology.

EEJA plans to begin sample shipments of the photosensitive primer, colloid catalysts, and electroless plating solution used with this technology by end of this year.

This technology won the "JPCA Show Award" at the JPCA Show 2017 (47th Japan Electronics Packaging and Circuits Association Show), which will be held from June 7 to 9 of this year. EEJA will display this technology at its booth and will have a special panel display at 7H-29 in East Hall 5 during the show.

Reference: Wiring Process Using the New Technology
(Image: http://bit.ly/2rzZMpM)

(1) Primer layer formation: The primer is applied to the substrate and dried for several minutes at 80 degrees Celsius to 150 degrees Celsius to form an acceptor on the primer surface to capture the gold nanoparticles.

(2) Exposure: A photomask is used to expose the substrate to ultraviolet light for 10 to 60 seconds. The capture ability of the acceptor on the areas of the primer surface that are exposed to the ultraviolet light is eliminated.

(3) Au nanoparticle catalyst adsorption: After exposure, the substrate is immersed for 10 to 600 seconds in a colloid solution that includes gold nanoparticles, which have the ability to be adsorbed by the acceptor. The gold nanoparticles in the colloid solution adhere to the acceptor on the primer surface.

(4) Immersion in electroless plating solution: The substrate is immersed in a electroless plating solution of the type of metal to be formed into wires, and the metal in the plating solution is deposited along the gold nanoparticles fixed on the primer surface, forming the metal pattern.

*1 Photoresist
A photosensitive, corrosion-resistant film. Photoresist is used when performing photo etching, which employs photography technology and chemical corrosion (etching) to perform detailed processing of metals, semiconductors, and other materials.
*2 Gold nanoparticles
Gold particles on the nanometer scale (one-billionth of a meter).
*3 Electroless plating solution
A plating solution that causes reduction precipitation of metallic ions as metal on a substrate material through a chemical reaction between the metallic ions and a reducing agent.
*4 Large-batch processing
Large surface processing, simultaneous multi-board processing, and other processes characterized by plating techniques.
*5 Printed electronics
Technology for forming electronic circuits, devices, and so on using printing technology.

Press release: http://www.acnnewswire.com/clientreports/598/2017531_EN.pdf

Tanaka Holdings Co., Ltd. (Holding company of Tanaka Precious Metals)

Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Akira Tanae, Representative Director & CEO
Founded: 1885
Incorporated: 1918*
Capital: 500 million yen
Employees in consolidated group: 3,476 (as of March 31, 2016)
Net sales of consolidated group: 1,026.7 billion yen (FY2015)
Main businesses of the group: Strategic and efficient group management and management guidance to group companies as the holding company at the center of the Tanaka Precious Metals.
Website:
http://www.tanaka.co.jp/english (Tanaka Precious Metals), http://pro.tanaka.co.jp/en (Industrial products)
* Tanaka Holdings adopted a holding company structure on April 1, 2010.

Electroplating Engineers of Japan Ltd. (EEJA)

Head office: 5-50 Shinmachi, Hiratsuka-shi, Kanagawa
Representative: Muneharu Nakanouchi, Representative Director & CEO
Established: 1965
Capital: 100 million yen
Employees: 123 (FY2015)
Sales: 22,252.55 million yen (FY2015)
Areas of Business:
1. Development, production, sales and export of precious metal and base metal plating solutions, additives, and surface processing-related chemicals
2. Development, production, sales, and export of plating equipment
3. Import and sales of plating-related products
Website: http://www.eeja.com/en/index.html

About the Tanaka Precious Metals

Since its foundation in 1885, the Tanaka Precious Metals group has built a diversified range of business activities focused on precious metals. Tanaka is a leader in Japan in terms of the volumes of precious metals handled. Over the course of many years, Tanaka Precious Metals has not only manufactured and sold precious metal products for industry, but also provided precious metals in such forms as jewelry and resources. As precious metals specialists, all Group companies within and outside Japan work together with unified cooperation between manufacturing, sales, and technological aspects to offer products and services. In addition, in order to make further progress in globalization, Tanaka Kikinzoku Kogyo welcomed Metalor Technologies International SA as a member of the Group in 2016.

As precious metal professionals, Tanaka Precious Metals will continue to contribute to the development of an enriching and prosperous society.

The five core companies in the Tanaka Precious Metals are as follows.
- Tanaka Holdings Co., Ltd. (pure holding company)
- Tanaka Kikinzoku Kogyo K.K.
- Tanaka Denshi Kogyo K.K.
- Electroplating Engineers of Japan, Limited
- Tanaka Kikinzoku Jewelry K.K.

Press inquiries
Tanaka Holdings Co., Ltd.
https://www.tanaka.co.jp/en/protanaka/inquiry/index.php


Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Shandong Luoxin Pharmaceutical's Withdrawal of Listing of its H Shares from the Stock Exchange was Approved by Shareholders and Offer becoming Unconditional in All Respects

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- The Liquidity of the H Shares May be Severely Reduced after Delisting on 16 June 2017
- The Latest Time and Date for the Offer Remaining Open for Acceptance is 4:00 p.m. on 26 June 2017


HONG KONG, May 31, 2017 - (ACN Newswire) - Shandong Luoxin Pharmaceutical Group Stock Co., Ltd. ("Shandong Luoxin Pharmaceutical" or the "Company") (stock code: 8058) has announced that the resolution for the proposed withdrawal of listing of the H shares of the Company ("H Shares") from The Stock Exchange of Hong Kong Limited (the "Stock Exchange") was passed by way of poll at the extraordinary general meeting and the H Share class meeting of the Company held on 29 May 2017. The voluntary conditional offer ("Offer") by Giant Star Global (HK) Limited and Ally Bridge Flagship LX (HK) Limited (together, the "Joint Offerors") for all the issued H Shares (other than those already owned, controlled or agreed to be acquired by the Joint Offerors and parties acting in concert with any of them who have undertaken not to accept the Offer) became unconditional in all respects on 29 May 2017.

The last day of dealing in the H Shares on the Stock Exchange will be 5 June 2017. Trading in the H Shares will be suspended from 6 June 2017 and will remain suspended until the withdrawal of listing of the H Shares from the Stock Exchange from 9:00 a.m. on 16 June 2017.

The Joint Offerors have no rights under the laws of the PRC and the Articles of Association of the Company to compulsorily acquire the H Shares that are not tendered for acceptance pursuant to the Offer. Accordingly, the H Shareholders are reminded that if they do not accept the Offer and the Offer subsequently becomes unconditional in all respects, and the H Shares are delisted from the Stock Exchange, this will result in the H Shareholders holding securities that are not listed on the Stock Exchange and the liquidity of the H Shares may be severely reduced.

Unless the Offer is extended, the latest time and date for acceptance of the Offer will be 4:00 p.m. on 26 June 2017 ("Closing Date") and the latest date for posting of remittances for the amounts due under the Offer in respect of valid acceptances received at or before the latest time for acceptances of the Offer on the Closing Date will be 5 July 2017.



Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Ceremony of 'Quam IR Awards 2016' Successfully Held in Recognition of Exceptional Performance of 14 Listed Companies, Gaining Wide Support from Business Elites and Media in Hong Kong and China

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HONG KONG, May 31, 2017 - (ACN Newswire) - The award presentation ceremony of Quam IR Awards 2016 (QIRA) successfully took place on 25 May, 2017 at Four Seasons Hotel Hong Kong. Business elites of the awarded listed companies received the distinction, shared their joy at the ceremony. Eminent figures from the business community and notable guests supported the event and exchanged the ideas of excellent investor relations.

Stepping into its second year
Quam IR Awards recognizes excellent investor relations
Since Quam IR Awards was held for the first time last year, it aims to honor models of practice and leadership in Investor Relations (IR) among the listed companies in the Asia Pacific region. Our winners have been devoted in upholding transparent communications between companies and stakeholders throughout 2016. The Quam IR Awards serves as the well-recognized testimonials to the winners' excellence, which can help bring accreditation and prestige to the winning companies and their remarkable achievement in the area of IR among shareholders, institutional investors, equity research analysts and financial media.

Awarded companies in Quam IR Awards 2016 come from various categories, ranging from Hang Seng Index Constituents, Main Board and First Year After Listing companies, representing multi-national enterprises to local companies. A total of 14 awards were presented, the winners include Bank of China Limited, CK Infrastructure Holdings Limited, China Aircraft Leasing Group Holdings Limited, China Cinda Asset Management Co., Ltd, China Everbright Limited, China LotSynergy Holdings Limited, D&G Technology Holding Company Limited, Dah Chong Hong Holdings Limited, EFT Solutions Holdings Limited, The Hong Kong and China Gas Company Limited, Kerry Logistics, Li & Fung Limited, Shui On Land Limited, and WWPKG Holdings Company Limited.

Eminent figures and elites showed their support
At the ceremony, Mr. Richard Winter, Executive Director of Quam Financial Service Group, said "This year, the awarded companies are definitely the role models in their respective industry. With excellent governance culture, their expertise in investor relations is widely recognized. They have deep understanding on sustainable development that strive them to improve investor relations, to keep their commitments with investors, and to make a more rock-solid business platform for industry peers."

Quam IR was honored to invite Ms Mabel Chan, President of Hong Kong Institute of Certified Public Accountants; Prof Daniel M. Cheng, MH, JP, Chairman of Federation of Hong Kong Industries; Mr. Louis Leung, President of Hong Kong Chinese Industry and Commerce Association; Mr. Ivan Tam, President of The Hong Kong Institute of Chartered Secretaries; Mr. Stephen Wong, Adjunct Associate Professor of Institute of China Business, University of Hong Kong, SPACE; and Hon Wong Ting-kwong, SBS, JP, Legislative Councilor of HKSAR (Functional Constituency - Import and Export), as our guests of honor to witness the glorification of the listed companies demonstrated IR excellence.

Ms Mabel Chan said, "This year, the winning companies not only excel in investor relations, but also set an outstanding example to other listed companies. Furthermore, they help strengthen Hong Kong's position as a leading international financial centre." Prof Daniel M. Cheng, MH, JP said the awarded companies this year have demonstrated perseverance in improving investor relations and establishing effective corporate culture, meanwhile they have successfully yielded the support from investors and shareholders. Though the business environment is ever changing, the companies are dedicated to provide information to the public with open-minded attitude.

Mr. Louis Leung emphasized that different economies face vigorous competition from abroad. By enhancing both domestic and international competitiveness, the excellent investor relations of listed companies contribute to the capital market of Hong Kong and take Hong Kong to a world leading level.
Mr. Ivan Tam said Quam IR Awards 2016 recognizes the winning companies for their achievements in investor relations. Their vigorous devotion has raised the standard of corporate governance and investor relations to a new level.

Meanwhile, Mr. Stephen Wong, strongly believed that Quam IR Awards 2016 has provided a good way of public acknowledgement on investor relations and laid a solid foundation for developing investor relations in general. Hon Wong Ting-kwong, SBS, JP added that the awarded companies have been disclosing the most valuable information in an all-rounded and professional manner on the open platform.

Unfailing support from media & sponsors
Apart from the support of notable guests, the award presentation ceremony attracted numerous media and sponsors in Hong Kong and China. Our supporting media partners include Metro Daily, The Standard, eeo.com.cn, caiguu.com, CEO FX, CNFOL, FXgold, FX678, OTCbeta, PEdaily, p5w, Stock Star and ysslc.com and so on. Besides, several companies supported QIRA by offering products & prize sponsorship, namely Adiren Gagnon, BU Health, Canon Hongkong Company Limited, EyeCare HK, FX Creations International Limited, Hamilton Hill International Kindergarten and YOU. C1000 and so on.

Key to success of winning listed companies

CALC strives to improve investor relations
Mr. Bill Hui, Financial Controller of CALC, stated that the company has been proactively working on the globalization strategy underpinned by innovative financing channels, which supports sustainable growth. Meanwhile, the company also suggests outstanding business models to provide one-stop aircraft solutions, such as new aircrafts leasing, sale-and-leaseback of old aircraft, fleet replacement package deal and aircraft disaseembly for airline companies.

D&G Technology focuses on the interaction with investors
Ms Glendy Choi, Executive Director and CEO of D&G Technology Holding Company Limited, said the company is very honored to be awarded with Quam IR Awards again. The Group has been keeping close relationships with investors since its listing. Through timely disclosure of the Group's latest information, investors are allowed to follow their latest development.

Dah Chong Hong values investor relations
Ms Kitty Fung, Executive Director and Chief Financial Officer of Dah Chong Hong Holdings Limited shared, "We endeavour to engage shareholders and investors through well-planned IR & ESG programs in a proactive manner. We cherish such good relationships with the investment community and will continue to raise the bar for best IR practices."

EFT dedicated to integrating the quality of investor relations
Mr Andrew Lo, Chairman, Executive Director and Chief Executive Officer of EFT Solutions Holdings Limited, said that apart from focusing on the business development and the technology of electronic payment in Hong Kong, the company also emphasizes on the transparency IR betterment in another. The company discloses corporate information and interacts with investors in a timely and proactive manner, which gives a better understanding to investors about the company.

Shui On Land Limited maintains aims to step towards the global capital market
Ms Doreen Chiu, Senior IR Manager Shui On Land Limited, shared "SOL IR team has put great efforts in increasing transparency and providing investors with access to corporate information in a timely and fair manner over the past years. In the future, we will continue to enhance its exposure to investors and also the global capital markets."

The Hong Kong & China Gas Co Ltd's IR keeps the two-way communication with investors
Mr. John Ho, Chief Financial Officer and Company Secretary of The Hong Kong & China Gas Co Ltd (Towngas) focuses on the importance of keeping two-way communication with investors. Through different measures such as company website, investing conference, roadshows, marketing investigation interviews and conference calling, the company discloses corporate information in diversified ways, which integrates the transparency and maintains high level of corporate governance.

WWPKG promotes diversified businesses through investor relations
Mr. Jessica Yuen, Business Development Manager of WWPKG Holdings Company Limited said investor relations has been the focus of the company since it was listed in Hong Kong. The company pays a great effort in integrating its transparency, disclosing latest corporate information and interacting with its investors. The company is recognized in different aspect and it is the first time to be recognized for its IR betterment, which is very meaningful to the company.

The list of awardees for Quam IR Awards 2016 (in alphabetical order of company name):

Company Name / Award Category
1. Bank of China Limited (Stock Code: 3988) / Hong Kong Index Constituents (Hang Seng Index) Category
2. CK Infrastructure Holdings Limited (Stock Code: 1038) / Hong Kong Index Constituents (Hang Seng Index) Category
3. China Aircraft Leasing Group Holdings Limited (Stock Code: 1848) / Main Board Category
4. China Cinda Asset Management Co,, Ltd (Stock Code: 1359) / Main Board Category
5. China Everbright Limited (Stock Code: 165) / Main Board Category
6. China LotSynergy Holdings Limited (Stock Code: 1371) / Main Board Category
7. D&G Technology Holding Company Limited (Stock Code: 1301) / Main Board Category
8. Dah Chong Hong Holdings Limited (Stock Code: 1828) / Main Board Category
9. EFT Solutions Holdings Limited (Stock Code: 8062) / First Year After Listing Category
10. The Hong Kong and China Gas Company Limited (Stock Code: 0003) / Hong Kong Index Constituents (Hang Seng Index) Category
11. Kerry Logistics (Stock Code: 0636) / Main Board Category
12. Li & Fung Limited (Stock Code: 0494) / Hong Kong Index Constituents (Hang Seng Index) Category
13. Shui On Land Limited (Stock Code: 0272) / Main Board Category
14. WWPKG Holdings Company Limited (Stock Code: 8069) / First Year After Listing Category

Website of Quam IR Awards 2016: http://quamedm.quamnet.com/landing/QIRA2016/en_US/index.html

For enquiries,
Quam IR
Marketing & PR contact:
Jane Chan T: 2217-2906 Email: jane.chan@quamgroup.com
Stella Yuen T: 2217-2908 Email: stella.yuen@quamgroup.com
Tong Man Fung T: 2217-2682 Email: mf.tong@quamgroup.com
Nicola Lung T: 2217-2909 Email: nicola.lung@quamgroup.com



Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Honma Golf Announces FY2017 Annual Results; Net Profit Rose by 38.9% Hitting JPY5.0 Billion

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HONG KONG, May 31, 2017 - (ACN Newswire) - Honma Golf Limited ("Honma Golf" or the "Company"; together with its subsidiaries, the "Group", stock code: 06858), one of the most prestigious and iconic brands in the golf industry, announces the consolidated results for the year ended 31 March 2017(the "Period").

Financial Highlights:
- Revenue rose by 8.4% on reported basis and 12.7% on constant currency basis to JPY24.2 billion, continuing to demonstrate solid and profitable growth;
-All three main product categories achieved double-digit growth on constant currency basis:
-- Golf clubs - 11.4% year-on-year growth;
-- Golf balls - 83.4% year-on-year growth;
-- Bags, apparels and other accessories - 11.9% year-on-year growth;
- All our home markets continued to present robust growth on constant currency basis:
-- Japan - 8.9% year-on-year growth;
-- Korea - 21.7% year-on-year growth;
-- China (including Hong Kong and Macau) - 18.8% year-on-year growth;
- Gross profit increased by 10.3% to JPY14.5 billion and gross profit margin reached 60.0%;
- Operating profit improved by 19.8% and operating profit margin grew by 1.9 percentage points, reaching 20.4%;
- Net profit rose by 38.9% to JPY5.0 billion and net profit margin expanded to 20.5%;
- Net cash flows generated from operating activities amounted to JPY3.7 billion, representing a 160.0% improvement;
- Inventories nudged lower to JPY6.3 billion, down by 14.8%;
- Proposed final dividend of JPY3.00 per share, amounting to approximately a total of JPY1.8 billion and representing approximately 40% of the Group's distributable profit for FY 2017.

Fueled by the various growth initiatives, the Group continued to deliver solid and profitable revenue growth. During FY2017, the Group's revenue rose by 8.4% on reported basis and 12.7% on constant currency basis to JPY24.2 billion. Gross profit increased by 10.3% to JPY14.5 billion and gross profit margin reached 60.0%. Net profit rose by 38.9% to JPY5.0 billion and net profit margin expanded to 20.5%. The Group proposed a final dividend of JPY3.00 per share, representing approximately 40% of the Group's distributable profit for FY2017.

Mr. Liu Jianguo, Chairman of the Board, President and Executive Director of Honma Golf Limited said, "FY2017 marks an important milestone in the Group's mid-term growth plan. The successful IPO has allowed the Group to tap into the international capital market, strengthen its capital structure and accelerate the execution of its mid-term growth plan. Driven by a rooted principle of pursuing profitable and sustainable growth, we managed to deliver a delightful set of results as a newly listed company, which clearly illustrates our Group's strong brand equity, sensible planning and robust execution capabilities. The strong cash flow generation and the confidence in the Group's continuous future growth enable us to propose a dividend of JPY3.00 per share." Looking ahead, the Group will continue to build a world-leading golf lifestyle company on the foundation of its craftsmanship heritage, product excellence and brand equity. The group will accelerate the expansion into North America and Europe which are nascent to the Group yet account for a significant share of the global golf products market. The Group will also leverage on the strength of its brand equity to pivot growth in balls, apparels and accessories with the aim to increase the value share of its non-club business to industry average.

Revenue by Geography
During FY2017, Japan, Korea and China (including Hong Kong and Macau), which are our home markets, were the primary drivers of the Group's revenue growth and contributed to 85.8% of the Group's total revenue. Revenue for these three markets increased by 8.9%, 21.7% and 18.8% respectively on constant currency basis, which firmly demonstrates the Group's strong performance in achieving sustainable growth in our home markets.

Robust Revenue Growth in All Three Main Product Categories
The Group recorded robust revenue growth in all three main product categories during FY2017. Revenue for golf clubs, golf balls and bags, apparels and other accessories increased by 11.4%, 83.4% and 11.9% respectively on constant currency basis while golf clubs continue to account for more than 80% of the Group's total revenue. In particular, revenue for Be Zeal and TOUR WORLD rose by 120.4% and 13.0% on constant currency basis, respectively, reconfirming the Group's strategy to penetrate deeper into the high growth consumer segments. The Group also established dedicated sales teams for its non-club product categories and further expanded its sales and distribution channels in home and new markets.

About Honma Golf Limited
HONMA is one of the most prestigious and iconic brands in the golf industry, synonymous with intricate craftsmanship, dedication to performance excellence and distinguished product quality. Honma Golf was successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited on 6th October 2016 (Stock Code: 6858). The Company predominantly designs, develops, manufactures and sells a comprehensive range of aesthetically-crafted and performance-driven golf clubs, under three major product families, namely BERES, TOUR WORLD and Be ZEAL, each targeting specific consumer segments. Honma Golf also offers customers a complete golf lifestyle experience through an extensive portfolio of golf balls, bags, apparels and other accessories. According to Frost & Sullivan, HONMA ranks among the top ten golf product brands in the world and is the number one brand for premium golf clubs, in each case in terms of retail sales in 2015. It was also the fastest growing brand within the top 10 golf products brands as measured by year-on-year retail sales growth from 2014 to 2015. Honma Golf's products are sold in approximately 50 countries worldwide, primarily in Asia and also across North America, Europe and other regions.



Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com
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