SINGAPORE – Media OutReach – 1 September 2022 – Watchmaker Solvil et Titus has released its latest limited-edition timepiece collaboration with《ONE PIECE FILM RED》, the newest movie based on the manga series《ONE PIECE》.
SINGAPORE – Media OutReach – 1 September 2022 – From 1 – 30 September 2022, join in the ultimate birthday bash as iShopChangi celebrates turning 9! Whether you are looking to stock up on your favourite wines and spirits or the latest beauty products, cash in on exciting bundle flash sales, 9.9 exclusive one-for-one deals, and weekly flash sitewide vouchers to slash your spending. It’s a smashing birthday bash like no other, so raise your glasses to iShopChangi’s 9th birthday celebration!
* Reckitt is the trading name of the Reckitt Benckiser group of companies
The brand first started in hospitals 80 years ago, where Dettol Antiseptic Liquid was first used for the cleaning and disinfection of skin during surgical procedures. As a trusted brand by doctors, Dettol was also used to protect mothers from illness after childbirth.
Ever since then, Dettol has been trusted around the world to help prevent wounds from infection, prevent sickness and help mums protect their families by killing harmful germs and helping to create safe environments for them to thrive in.
The brand continues to be one of the most trusted protectors of health. It’s still valued today as a reliable and effective product which is safe to use on skin but also powerful enough to use for environmental germ-killing tasks.
For more information, please visit: https://www.dettol.com.hk/en/
Hosted by ETNet, a member of HKET Holdings which is a prominent local media in Hong Kong, the Health Partnership Awards recognise companies for their outstanding achievements in contributing to promoting public health and bringing excellent products and services. The award is selected by leaders from different professions and fields by assessing the companies in diversified facets including reputation, innovation, quality, benefits, and corporate social responsibility. Leaders from the health and finance industries were invited to compete in a total of 9 categories under the theme of ‘Cherish your Health, Smile to the Wealth’ this year.
For more information, please visit: http://whexpo.etnet.com.hk/2022/index.php
HONG KONG SAR – Media OutReach – 31 August 2022 – Ingdan, Inc. (“Ingdan,Inc.” or the “Company”, stock code: 400.HK; with its subsidiaries (the ”Group”)), formerly known as “Cogobuy Group”, a technology service company focusing on serving global chip industry and artificial intelligence (“AI”) and internet of things (“IoT”, together “AIoT”) ecosystem, with its core businesses “Comtech” and “Ingdan”, is pleased to announce its unaudited interim results for the six months ended June 30, 2022 (“the first half of 2022” or the “Period”).
Financial Highlights of the First Half of 2022
Extensive application of 5G technology has enabled the digital transformation of many industries, which has further increased the demand for chips. Driven by the rapid development of “new economy” industries such as EV, New Energy, and Digital Infrastructure, demand for industrial chips was particularly strong and offset the pressure from declining demand for consumer electronics chips. Industrial chip demand continued to accelerate the growth of chip business, and drove the overall performance of the Group. The Group serves the “Chips-Devices-Cloud” ecosystem along the AIoT industrial chain, covering the smart fields of various industries, and brings in sustainable business revenue. As of June 30, 2022, the Group’s net profit was approximately RMB211.9 million, a YoY increase of 22.9%; revenue was approximately RMB4,702.4 million, a YoY increase of 19.7%, of which the revenue of Comtech was RMB4,092.8 million, a YoY increase of 25.7%; gross profit was approximately RMB424.4 million, a YoY increase of 23.2 %. During the Period, the Group’s profit attributable to equity shareholders of the Company was RMB131.7 million, a significant YoY increase of 19.2%. The Company’s cash and bank balances (including short-term bank deposits and pledged deposits) was RMB988.6 million. The Group’s bank loans were RMB811.0 million. The basic common shares outstanding were 1,401,077,732, and the weighted average number of ordinary shares for the purpose of diluted earnings per share were 1,397,130,000.
Comtech’s Chip Business Maintains Growth Momentum
The chip market continues to expand rapidly. IC Insights, Inc. expects total global chip sales to increase by 11% in 2022 to a record US$567.1 billion, with growth in chip demand remaining strong.[1] During the Period, despite lower-than-expected demand for consumer electronics chips, the rapid expansion of New Energy, V2X, and Battery Management System (BMS) markets strengthened the demand for industrial chips in the first half of the year, driving growth in Comtech’s chips business. Comtech, a technology services platform for the chip industry, focuses on the application design and distribution of IC chips, while maintaining connections with over 50% of global high-end chip suppliers and many leading domestic chip companies, allowing it to serve over a hundred global high-end chip suppliers upstream, and tens of thousands of electronics manufacturing enterprises downstream. With the popularization of 5G and the support of national policies, the demand for chips will continue to rise, helping the chip business maintain its steady growth trend.
Confirmed A Share Listing Application for Comtech
The Company obtained approval from The Hong Kong Stock Exchange Limited for the spin-off and separate listing of Comtech on A shares in Mainland China in 2021. During the Period, the Company officially changed its name from “Cogobuy Group” to “Ingdan, Inc.”, so as to give investors a clearer understanding of the main businesses of “Comtech” and “Ingdan, Inc.”. Moreover, Comtech also received confirmation from the Shenzhen Stock Exchange on June 30, 2022, regarding its application for A Share Listing on the ChiNext Board. The completion of the proposed A Share Listing will further expand the Group’s development in the domestic capital and chip market, enhance the strength of its chip business, and promote the Group’s long-term and strong performance. The Company will remain the ultimate controlling shareholder of Comtech, and its financial results will still be consolidated into the Company.
Comtech Receives Credit Facilities Support from Several Banks
Financial institutions continued to favor the Group. During the Period, Comtech was granted a RMB300 million credit facility by Bank of China Limited, Shenzhen Branch, and obtained financial support from more than 10 Chinese and foreign banks to promote the development of the Group’s chip business. The new loans demonstrate the financial institutions’ confidence in the Group’s development potential in the domestic trillion-dollar chip market. Comtech will efficiently apply the relevant capital to the enhancement of its chip business, take advantage of the dividends from the national policy, and capture market opportunities, to help the Group achieve high growth returns.
Ingdan Realizes Coordinated Development of iPaaS
Ingdan focuses primarily on the R&D and sales of its own branded AIoT intelligent hardware products, as well as the data services of its AIoT intelligent hardware products under “Ingdan Cloud”. Ingdan customizes the complete application solutions and products of AIoT intelligent hardware for customers, and offers a series of products such as the Harmony Intelligent Battery, and Intelligent Panel and Intelligent Communications modules. Meanwhile, Ingdan Cloud collects, manages, and analyses data on AIoT products, forming a circular model of “AIoT Products — Data — Analyse” to further support its AIoT data empowerment business.
5G and AI technologies helped accelerate the intelligent transformation of many industries. The continuous widening of application scenarios, has made AIoT one of the top fields in global technology development. At the same time, AIoT has come to rely on different technology integrations of iPaaS (Integration Platform as a Service) to achieve intelligent transformation. iPaaS platform services make the design and application of AIoT intelligent hardware products more automated, and cross-application data sharing more convenient. According to Verified Market Research Report, the iPaaS market is expected to reach upwards of US$23.7 billion in 2028, representing a CAGR of 37.2% from 2021 to 2028.[2] To expand the iPaaS market further, Ingdan launched its own iPaaS platform to provide iPaaS services such as technology integration solutions and marketing solutions to core technology suppliers along the AIoT Chips-Devices-Cloud industry chain, deepening its engagement with its five main AIoT verticals: V2X, Smart Home, Robotics, Smart Manufacturing, and Smart Medical.
In addition to designing and selling AIoT intelligent hardware products, Ingdan’s iPaaS platform collects, manages, and analyses data on various intelligent hardware through Ingdan Cloud. In the era of “Big data”, global data forecasts are gradually increasing, and it is expected that global data volume will reach 175ZB in 2025, the same as the total data available for the ten years from 2010 to 2020.[3] Ingdan will continue to grow its AIoT Chips-Devices-Cloud ecosystem and develop Ingdan Cloud’s AIoT intelligent hardware product data service, building an AIoT data cloud company that will achieve long-term growth in the Group’s business.
Jointly Promoting OpenHarmony with Chinasoft International
The OpenHarmony open-source technology platform has become the industry ecology and standard with 63 million global downloads.[4] It is now one of the essential operating systems for global smart terminals, and helps promote the independent and controllable information security and core technology industries in China. To further embed OpenHarmony into a wide range of AIoT products with ten billion-dollar market opportunities, during the Period the Group entered a strategic technology partnership with Chinasoft International to jointly launch the “OpenHarmony +” solutions platform. The platform will empower industries such as Smart Finance, Smart Cities, Industrial Manufacturing, New Energy, and V2X to further standardize intelligent hardware and technology applications across various industries. Both parties planned to complete the joint development of the OpenHarmony collaborative innovation platform by 2022, to provide comprehensive technical service in Suzhou, Yancheng, Tianjin, and other locations. With the resource advantages of both parties, they will jointly promote the application of OpenHarmony in relevant ecosystems and industries. Ingdan will be active in introducing OpenHarmony open-source technology to its iPaaS services, to integrate various intelligent hardware products to achieve standardized upgrades.
Outlook
Mr. Jeffrey Kang, CEO of Ingdan, Inc., said, “Against the backdrop of an escalation in the Sino-US trade war, the recent US bill has mainly targeted containment of chip design and production in China, but it has no direct impact on the chip application and distribution business of Comtech. Driven by rapid digital transformation and the development of 5G, the demand for chips will only continue to rise. Combined with new national policies to support the development of the chip industry, the Group’s core business will maintain strong growth. We expect Comtech’s chip business will continue to grow in coming years, and become the growth driver of the Group.
Looking ahead, China tech is entering a stage of high-quality development driven by 5G and AI technologies. The Group will strive to create a ‘Chips-Devices-Cloud’ ecosystem along the AIoT value chain, and also actively promote its iPaaS platform, further enabling IngDan Cloud to become a data company. The data company will capture a significant portion of the multi-billion dollar AIoT intelligent hardware market, and create a strong foundation for the long-term development of the Group. With the rapid development of the new economy and the intelligent transformation of industries, Ingdan’s potential will continue to be realized, which will promote the sustainable development of the Group and create long-term returns for shareholders.”
Caution Statement
The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made by the Company or any of its affiliates, advisers or representatives as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions presented or contained herein. The information contained in this document should be considered in the context of the circumstances prevailing at the time, is subject to change without notice and the Company makes no undertaking to update the information in this document to reflect any developments that occur after the date of the presentation. It is not the Company’s intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company, or its financial or trading position or prospects. Neither of the Company nor any of its affiliates, advisers or representatives accept any responsibility or have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.
This document may contain statements that reflect the Company’s current intent, beliefs, and expectations about the future as of the respective dates indicated herein. These forward-looking statements not guarantees of future performance and are based on a number of assumptions about the Company’s operations and factors beyond the Company’s control and are subject to significant risks and uncertainties, and accordingly, actual results may differ materially from those described in these forward-looking statements. Neither the Company nor any of its affiliates, advisers or representatives has any obligation, nor do they undertake, to update these forward-looking statements for any events or developments including the occurrence of unanticipated events that occur subsequent to such dates.
Hashtag: #Ingdan
The issuer is solely responsible for the content of this announcement.
Ingdan,Inc. (stock code: 400.HK), formerly known as “Cogobuy Group”, a technology services company serving the global chip industry and artificial intelligence and Internet of Things (“AIoT”) ecosystem, is headquartered in Shenzhen, with offices and branches across major cities in China, including Hong Kong, Shanghai, Beijing, Wuhan, Chengdu, Nanjing, Hangzhou, and Xi’an, as well as overseas branches in Singapore, Israel, and Japan. The Group’s business is divided into “Comtech”, a technology services platform for the chip industry, and “Ingdan”, a platform providing AIoT technology and services. The Group serves the “Chips-Devices-Cloud” ecosystem along the AIoT industrial chain, and provides customers with technical integration solutions, marketing solutions, and distribution services. For further information, please refer to the Company’s website at www.ingdangroup.com
HONG KONG SAR – Media OutReach – 31 August 2022 – Travel business process management services provider and travel products services provider Cinese International Group Holdings Limited (“Cinese International”, collectively with its subsidiaries, the “Group”; stock code: 1620) has announced its interim results for the six months ended 30 June 2022.
The Group recorded total revenue of approximately HK$26.6 million for the six months ended 30 June 2022, representing an increase of approximately 100.0% when compared with the corresponding period last year. The increase was mainly due to the increase in revenue generated from the travel business process management segment, and to a lesser extent the air ticket distribution segment. Gross profit for the period amounted to approximately HK$12.6 million, up by approximately 186.4% when compared with the corresponding period last year. The loss for the period of the Group decreased by approximately 59.5%, from the loss of approximately HK$33.1 million for the six months ended 30 June 2021 to the loss of approximately HK$13.4 million for the six months ended 30 June 2022. Such decrease in loss for the period was mainly due to an increase in the Group’s gross profit and a decrease in expected credit losses allowance on financial assets, partially offset by a decrease in other income.
The Group’s performance in the first half of 2022 continued to be impacted by the ongoing coronavirus disease 2019 (“COVID-19”) pandemic. However, the travel industries experienced a gradual recovery following higher vaccination rates and relaxation of travel restrictions worldwide, and the Group recorded an increase in transaction volume and revenue for its air ticket distribution services and travel business process management services for the six months ended 30 June 2022, as compared to the corresponding period in 2021. The Group also leveraged its knowledge and experience as travel services provider to explore new business opportunities. It reached a non-legally binding memorandum of understanding (the “MOU”) with a travel services provider in the Guangdong-Hong Kong-Macao Greater Bay Area (“Greater Bay Area”) in relation to potential travel business cooperation.
Ms. Mariana Kou, Chairperson and Executive Director of Cinese International, said, “In the first half of 2022, the Group’s performance was constantly impacted by the ongoing COVID-19 pandemic. However, we witnessed a gradual recovery of the travel industries on the back of rising rates of vaccination and the loosening of travel restrictions in different parts of the world. The Group is continuing to explore new business opportunities in its different segments, and we consider there is good prospect for an upturn in revenue.”
Different segments show improvement
The air ticket distribution segment experienced a gradual recovery for the six months ended 30 June 2022 despite the continued impact of the COVID-19 pandemic. Segment revenue increased by approximately 80.0% period-on-period to approximately HK$5.4 million for the six months ended 30 June 2022. The increase was mainly attributable to an increase transaction volume of air tickets sales and gross sales proceeds generated from air tickets sales, primarily due to a gradual recovery of the travel industries driven by an increasing rate of vaccination and the easing of travel restrictions worldwide.
The travel business process management segment includes air ticket transaction processing, customer contact, BSP/ARC settlement and reconciliation, software development and travel licensing, compliance and other administrative matters. Segment revenue increased by approximately 82.5% period-on-period to approximately HK$18.8 million for the six months ended 30 June 2022. The increase was primarily attributable to the rise in transaction volume resulting from the gradual recovery of the travel industries from the COVID-19 pandemic, with higher global vaccination rate.
By leveraging the knowledge and experience gained from the travel business process management segment, the Group developed its other business process management segment and provided a range of business process management services. Segment revenue amounted to approximately HK$2.3 million for the six months ended 30 June 2022.
Prospects
Looking ahead, it is expected that the COVID-19 pandemic would continue to impact the airline, travel and tourism industries worldwide until travel restrictions are further relaxed. As the spread and containment of the COVID-19 pandemic remains uncertain and fluid, the Group will closely monitor the global environment and maintain a pragmatic approach towards managing its businesses.
Ms. Mariana Kou, Chairperson and Executive Director of Cinese International, concluded, “According to the latest UNWTO World Tourism Barometer, international tourism saw a strong upturn in the first five months of 2022, rebounding to almost half of pre-pandemic 2019 level. We believe that demand from travelers, whether for business or leisure, is building, hence the travel industries will improve as a whole. In addition to more countries relaxing or even canceling quarantine restrictions, airlines of different countries are increasing their number of destinations and passenger capacities are also on the rise. We hope that in an improving macro environment, tourists could resume traveling activities.”
“The Group will leverage its knowledge and experience to further explore business diversification opportunities so as to expand income sources and enhance its future earning capabilities and potential, which in turn will help generate business synergies and create value for shareholders of the Company.”
Hashtag: #CineseInternational
The issuer is solely responsible for the content of this announcement.
Cinese International is a long-established air ticket consolidator, travel business process management provider and travel products and services provider in Canada, founded in 1976 and with more than 40 years of operating history. The principal businesses of the Group include (i) air ticket distribution in which it distributes air tickets to travel agents and travelers and issue air tickets directly on behalf of contracted airlines; (ii) travel business process management in which it provides mid-office and back-office support services to travel agents; (iii) other business process management in which it provides certain translation and agent services for its customers; and (iv) travel products and services in which it designs, develops and sells package tours, as well as other travel products and services to travel agents and travelers.
Visit BingX Guide at: https://bingx.com/en-us/guide/article/
Babatunde who died on July 23rd, 2022 would be committed to the mother earth on September 1st, 2022 at the Foursquare Gospel Church, Omole Phase I, Lagos. The night of tributes holds on August 30th, 2022 at the Foursquare Gospel Church, Omole Phase 1, Ikeja.
The late founding president of ADVAN was born on 12 December 1948 in Oro-Ago, Kwara State to the family of Elder Solomon Ayantoye Babatunde and Mrs. Comfort Ayodele Babatunde (nee Olatayo) had passed a month ago.
ADVAN, in a statement signed by Mrs. Ediri Ose-Ediale, CEO ADVAN announcing the death on its said, : “Celebrating the legacy of the Founding President of ADVAN. Mr. Niyi Babatunde, the first president of Advertising Association of Nigeria has passed on. His legacy, which ensured advertisers in Nigeria have a voice, will forever be celebrated. Rest in Peace our dear president.”
Similarly, announcing his father’s death was, Dotun Babatunde who wrote: “My father gave me the greatest gift anyone could ever give another one – he believed in me. Rest in Peace.”
He started his primary school in SIM/ECWA Primary School Oro-Ago. After this he followed his uncle, Mr Alfred Olatayo, who was a teacher to Idera where he continued his schooling. He was a top scholar who was promoted from Primary 3 to 5 and completed his primary education as the best student.
He gained admission to the popular Titcombe College, Egbe in 1962 and was there until 1966. During his time there, he was always in ‘A’ class which was reserved for the best students in the year. He was a keen sportsman while at college and was a member of the basketball team that won the Northern Region Basketball Tournament. He attended Federal Government College in Keffi from 1967 to 1968.
From 1969 to 1972, he studied at the prestigious Ahmadu Bello University (ABU) as a UAC scholar to study Business Administration. He bagged a first-class degree, won an award as the Best Graduating Student in his course and was retained to lecture in the department. He then gained admission to the London School of Economics (LSE) to study an MSc. in Finance and Accountancy on a Federal Government scholarship from 1974 to 1975.
He was a seasoned professional and a natural leader who started his career with UAC Nigeria in 1975 and served the company in various positions. He was a Brand Manager and Marketing Manager for the company in Nigeria and the United Kingdom respectively. He later became Divisional Managing Director for A.J Seward (a division of UACN), Marketing Director of Unilever Nigeria Ltd and Personal Products Director for Lever Brothers Nigeria Plc (now Unilever Plc). He was appointed Customer Service Director in 1998, a position he held until his retirement in 2001.
Critical to being successful in his career were the transformational projects he led. Some of the most notable were the revolutionization of customer portfolio, the generator project and the successful relaunch of Lifebuoy soap in the UK during his internalization program all of which improved turnover, operations and profitability significantly.
A very celebrated achievement of Babatunde, was his critical role, alongside other visionary professionals, the setup of the umbrella body for Advertisers (Organisations that promote their goods and service through marketing and advertising).
He was the founding president of Advertisers Association of Nigerian (ADVAN). The ADVAN platform ensured Advertisers as critical stakeholders in the marketing sector, had a respected voice to support development and professionalism in the industry. Mr Babatunde accommodated the association and ran its affairs from his office premises for the first few years of the association’s establishment. He tenaciously braved the ripples and discordant tunes in the industry, which the establishment of ADVAN created
Today, from a membership of 28 companies on inception in 1992, the membership strength of the association has risen to over 100 top advertisers’ membership base.
ADVAN members, account for about 90% per cent of the country’s marketing spend.
At the twentieth-year celebration of the association Babatunde had said “Twenty years down the road, I think even doubting Thomas’s and sceptics at the time will agree that ADVAN has gained strong strategic relevance, which has ensured not only its survival but also enhanced status in the industry and is not the dreaded cartel or self-serving association envisaged at the onset. This has in no small measure earned the association not only recognition but also acceptance and respect.’’
After retirement, Mr Babatunde made his experience available through his marketing consultancy OSB & Associates. He contributed to the development of his community with his appointment as the Executive Chairman of First Heritage Microfinance Bank where he served for 10 years. During his time, he successfully transformed the bank’s status from a Community Bank to a Microfinance Bank and successfully increased its capital base in line with CBN requirements.
On till his death, he continued to serve his community and local church through the sponsorship of several projects in his home town Oro-Ago in Ifelodun LGA, Kwara State.
It is expected that industry icons and practitioners will be at the night of tributes to testify to Babatunde’s stellar attributes as a professional.
He is survived by his beautiful sweetheart Wumi and blessed with four children and grandchildren.
Team Qhubeka has a clear mission of fostering ambition, creating opportunities and changing lives with bicycles. The team is also one of the most technologically enabled cycling teams in the world, using innovative solutions to optimize performance, while driving brand-awareness through a purpose-led, shared value approach. This aligns perfectly with Qlik’s goal of helping organizations access and transform data into meaningful action across the globe to create a sustainable, data-literate world.
With Qlik, Team Qhubeka will for the first time be able to bring together all the team’s data for analysis in one platform, leveraging common APIs to break down data silos. This will allow the team to query and explore their data on a whole new level for better informed decision-making across the team’s entire staff.
“This is a game changer for us. With Qlik, we can build a rider’s optimal race program from existing data we didn’t fully leverage before,” said Douglas Ryder, Team Principal for Team Qhubeka. “The level of insight Qlik is providing us with an integrated platform brings together all our data into a single source of truth, enabling real-time collaboration between all members of our staff and riders.”
Team Qhubeka has a continuous and growing wealth of data it creates and consumes daily to inform decisions that will result in wins. This includes everything from initial rider selection – particularly for new team riders – all the way through data related to travel logistics, sleep patterns from smart devices, and outputs from power meters on the racing bicycles. All of these inputs will be efficiently analyzed and easily understood through Qlik for pre-event planning and post-race analysis during longer multi-stage races.
The importance of the cloud and real-time collaboration is essential to the team’s success. The team’s riders and staff race 200+ days per year across multiple countries. The logistics and related data supporting a cycling team includes a fleet of vehicles that serve as the team’s on-the-road nerve centers, along with continuous updating and planning from bars, restaurants and hotels, making Team Qhubeka’s office the open roads of the world. Qlik’s analytics are built for a multi-cloud world, making it a perfect match for how Team Qhubeka needs to operate.
“We analyze every physical component we can of the individual to try and create better understanding to help us make the incremental improvements that determine winning and losing. With Qlik, we can bring all this information together and provide our team with insights at the touch of a button, regardless of their location,” added Ryder. “Having this depth and quality of data will give us an edge over our competitors, assisting in improving our win ratio and overall team ranking.”
“We are delighted to be partnering with Team Qhubeka on their mission to become the best team possible and further their mission-driven goals,” said Chris Powell, Chief Marketing Officer at Qlik. “With Qlik Cloud, we will help the team close the gaps between their various data sources and deliver the right information to the right team members all across the globe when it matters most.”
“Our partnership is also about more than just technology. Qhubeka provides bikes to young people across Africa to provide hope, new freedoms, and a new confidence in what they can achieve. At Qlik, we’re passionate about empowering partnerships with our technology and expertise to positively change our world. Our values align so well in giving back and making a lasting impact that showcases the true meaning of Ubuntu – I am because we are,” added Powell.
Differentia Consulting (https://bit.ly/3Q65LsR) – an Elite Qlik partner based in the UK – is building the Qlik app that Team Qhubeka will use for the season ahead.
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