This service broadens the network of support for esports players while playing against esports professional players.

• Aiming to promote esports by providing the chance to earn
  money through competitions and a cryptocurrency reward service.

TOKYO, JAPAN – Media
OutReach – 15 July 2020 – TimeTicket GmbH (headquartered in Zug,
Switzerland, CEO: Masato Kakamu), a wholly-owned Swiss subsidiary of
TimeTicket, Inc. (headquartered in Minato-ku, Tokyo), is now offering
pre-registration for “eSportStars (aka: eposta)” where players and fans
can easily find suitable opponents to play against while promoting esports
(https://esportstars.jp/).

◆ Outline of “eSportStars”

“eSportStars” is for everyone including
professional esports players, fans and players aiming to become professionals
around the world. It is an unprecedented service that offers all players the
opportunity to find suitable opponents to play against as well as hosting
tournaments and competing in popular esports games beyond geographical
boundaries. (Supported languages: Japanese, English, and Chinese)

<Twitter account of eSportStars> https://twitter.com/esportstars_tcp/

◆ Service outline of “eSportStars”

Once pre-registration is completed, tickets can be sold and
purchased within eSportStars.

<Competition flow>

1. Issue competition ticket: Choose your favorite
esports game and issue a ticket. Then, publish it inside and outside the
service.

Ticket
Information should include: game name, price to compete, time & date,
online venue, sale conditions and any notes.

2. Ticket purchase: Those who wish to compete buy
the published ticket.

3. Offer acceptance: The ticket seller accepts the
offer and the deal is done.

• After competition, both players can post game reviews and
  videos.
• Competition method: one on one/team play/game tournament etc.
• Option: Charity donation for ticket proceeds

Fans can support their favorite players by competing against
them and players can earn money while training to improve gaming skills.

As well as game competition tickets, there are other types
of tickets that the sellers can offer. For instance, the ideas can be based on
what they are good at or what they like to do, such as “teaching how to
improve gaming skills”, “having a passionate chat about favorite
games”, “teaching how to become a professional esports player”,
etc.

Furthermore, users will be rewarded with a cryptocurrency,
TimeCoin (TMCN) for their competition results. TimeCoin can be used within
eSportStars and users can save up TimeCoin to buy competition tickets, which
certainly helps users to access more competitions and to improve gaming skills.

◆  Official players
of “eSportStars”

・Killer Angels (https://killerangel.jp/)

JapanKillerAngel is the first female Japanese professional
esports team to own a gaming house globally and it is run by Killer Angels Co.,
Ltd. Currently, the team has 3 divisions: the PUBG division, the VALORANT
division and the Streamer division. The players are actively engaging in
esports as professional athletes while participating in tournaments and
updating news.

JapanKillerAngel represents the best of the best as a
domestic female team, as it consists of elite athletes chosen from a large pool
of female players, aiming to reach the top in Japan and in the world as a
professional team. The popularity of women’s professional esports teams is
growing worldwide. JapanKillerAngel continues to improve to compete in the
world as a representative of Japan for the Women’s World Competition as well as
the Esports Olympics and the World Cup that are anticipated to be held in the
future.

<Player profiles>

The PUBG division

YUUUUUUUKA

YUUUUUUUKA is currently the team leader. Although PUBG is
her first PC-based FPS game, she has an incredible playing record of about
8,000 hours.

As well as being a warm and gentle person who cares about
the team members, she also has a playful side. Once you get to know her, she
might surprise you with unexpected jokes!

The Streamer division

Nigongo

Nigongo is a player that symbolizes Japanese women’s esports
with an excellent track record in numerous competitions.

She is well-known as a top female player for both experience
and ability and is popular with a wide range of fans. Her recent engagements
include appearing in famous programs in Japan and overseas and being selected
as an official ambassador for overseas competitions.

Competition record:

The Sudden Attack Offline Women’s Tournament: first place
twice and second place once.

PUBG DiCE CUP The 1st Online Competition: first place.

PUBG The 1st Girls Battle: secured the overall title.

Competed in the PUBG PGI Charity Showdown (Germany).

PUBG The 3rd Girls Battle: secured the overall title.

Competed in the PUBG STAR CLASH Project (Asian area
competition for invited players)

The VALORANT & LoL division

Suzu

Suzu is the first professional female esports player from
esports technical schools in Japan, who is a leader of the Valorant team. She
is having a very aggressive and technical playing style. Before LOL, she has
played as a clan in CS: GO.

Achievements: 1st prize in Osaka Electro-Communication
University Tournament (LOL)

・GameWith（https://gamewith.co.jp/）

GameWith formed a professional team in 2018 in order to
create a new society where people are passionate about games, are connected
through games and are proud of making a living playing games. Many of their
professional gamers are actively engaging in esports globally representing
Japan.

<Player profiles>

The Fortnite division

Nephrite

Aside from his play skills, his dedicated approach to
enjoying the moment has attracted a wide range of fans in a short time. He has
consistently been doing well in competitions.

The Super Smash Bros.division

Zackray

Zackray is the strongest battle player in Japan! His
calculated play attracts the audience and he was the only Japanese person to be
invited at an invitation-only competition (total of 16 people) held in the
United States.

・TeamYAMASA(http://www1.yamasa.co.jp/teamyamasa/)

“TeamYAMASA” is Japan’s most renowned Tekken
professional team. TeamYAMASA competes in the Tekken World Tour and have been
engaged in many official events in Japan.

They are multi-talented; not only competing as players but
also engaging in MC/commentary roles. All the members hold JeSU official pro
licences.

<Player profiles>

TeamYAMASA/Yuu

Yuu is a legend who has been a top player on the front line
since the Tekken 5 era.

He maintains a good balance of offence and defence. He makes
speedy and calculated judgements for the next move in a play and often
showcases outstanding performance that excites the audience.

Yuu and his team mate, NOBI, began their journey as the
first professional Tekken gamers in 2015. Yuu is a leading person with
outstanding accomplishments not only in Japan but also around the world.

TAKE/ TeamYAMASA:

TAKE excels in defence like an iron wall called “the
strongest shield in Japan”.

His play style, which gives his opponent a sense of despair,
is often called the “ultimate Tekken style” that only he can
reproduce.

He is a dad who devotes his life to Tekken, making a living
out of Tekken for his wife and children.

With his conscientious and dedicated personality, he has
recently achieved a new highest record as a Japanese player in EVOLUTION 2019.

NOBI / TeamYAMASA:

NOBI has won first place in the World Competition three
times, which marks his performance as at the highest level in Japan.

In Tekken 7, where “defensive style” is the
mainstream, his super-attack approach attracts the audience and beats the
opponent with overwhelming pressure.

His unique personality has helped him to gain popularity in
competitions and streaming videos.

He has been contracted to do “Tekken training” by
the Game Centre and has recorded several thousand bookings so far. As the
training is so popular, the bookings are filled on the same day.

◆   Helping the
children who have been affected by COVID 19

TimeTicket GmbH will donate 5% of the first year’s revenue
from “eSportStars” to the children who have been affected by COVID 19, such as
UNICEF (The United Nations Children’s Fund, https://www.unicef.org/), UNHCR
(The United Nations High Commissioner for Refugees, https://www.unhcr.org/),
orphanages etc.

Company profile

TimeTicket,Inc.

Headquarters: 2nd floor, FK BUILDING, 1-8-6, Hamamatsucho,
Minato-ku, Tokyo

Postal code: 105-0013

CEO: Masato Kakamu

Established date: April 2019

URL: https://www.timeticket.co.jp

Business description:

・”TimeTicket”, a service that connects
people who want to buy and sell skills.

・Development and operation of
“TimeTicket Pro”, project/job site for freelancers.

・Development and operation of other web
services.

TimeTicket GmbH

Headquarters: Gartenstrasse 6　6300 Zug,
Switzerland

CEO: Masato Kakamu

Amid the ongoing global pandemic, Shopmatic, leading Singapore-based e-commerce enabler registered tremendous growth in the April-June 2020 quarter

Owing to its customer-first approach,
Shopmatic has consistently rolled out unique initiatives to empower sellers on
its platform. Amidst the pandemic, Shopmatic expanded its offering to create
tailored solutions for India’s Kirana stores and Singapore’s Grocery stores,
enabling them to create an online presence with pre-developed catalogs and
more. Shopmatic allows local shop owners to build their web-stores easily
without the need for technical know-how, or design experience. This offering
covers all aspects of a successful online grocery store including pre-built
catalogs with unlimited listings, easy inventory management, secure and instant
online payments and, keeping in mind the need for the hour, contactless
delivery, and self-pickup options.

After launching its Transaction model in
April 2010, Shopmatic has more than 120,000+ active merchants on its platform
It continues to innovate to bring the latest tech advancements into its
platform, determined to enable the online success of small businesses and
aspiring individual entrepreneurs.

About Shopmatic

Founded in December 2014, Shopmatic has been
driving game-changing strategies in the ecommerce space and has engineered
itself to stay focused on helping its customers succeed.

With its acquisitions of CombineSell and
Octopus in 2019, Shopmatic is driving an omnichannel play for individual
entrepreneurs and businesses in emerging markets, by enabling the entire
ecommerce-&-retail-management ecosystems for them to succeed.

From a domain name to easy integrations with
domestic and international payment gateways and shipping partners, to getting
discovered via a unique, curated platform- Shopmatic World & multiple
marketplaces, to POS, Inventory Management and CRM solutions, Shopmatic helps
business owners manage the full spectrum of what is required to grow their
business.

Shopmatic has 500000+ customers today.

Shopmatic is headquartered in Singapore with a
presence in India, Hong Kong, China, Malaysia, Philippines and UAE. The company
is quickly expanding to the rest of South-East Asia, this year.

Shopmatic has raised 20 M SGD from its
incorporation till date with August One, SEEDS Capital and a consortium of
investors.

For more information on the Shopmatic Group,
please visit www.goshopmatic.com or contact media@goshopmatic.com

• Safety
  & Shipping Review 2020: 14 large ships lost in Asian waters in 2019,
  accounting for more than 33% of losses worldwide
• Globally,
  41 large ships lost in 2019, down by more than 20% year-on-year and almost 70%
  over a decade.
• Number
  of shipping incidents (2,815) is up, as are claims from machinery issues. Ro-ro
  vessel safety is a growing concern.
• Consequences
  of coronavirus and a sustained economic downturn could threaten long-term
  safety improvement and trigger an uptick in losses from cost-cutting measures, fatigued
  crew, idle vessels and weakened emergency response.
• Rising
  geopolitical tensions, emissions rules and de-carbonization targets, mis-declared
  cargo and fire incidents continue to pose risk challenges.

SINGAPORE – Media
OutReach – 15 July
2020 – Asian waters accounted for a third of a large vessels
lost at sea globally, even as large shipping losses are at a record low having
fallen by over 20% year-on-year, according to specialty insurer Allianz Global
Corporate & Specialty SE‘s (AGCS) Safety& Shipping Review 2020. However, the coronavirus crisis could
endanger the long-term safety improvements in the shipping industry for 2020
and beyond, as difficult operating conditions and a sharp economic downturn
present a unique set of challenges.   

“Coronavirus has struck at a
difficult time for the maritime industry as it seeks to reduce its emissions,
navigates issues such as climate change, political risks and piracy, and deals
with ongoing problems such as fires on vessels,” says Baptiste Ossena, Global Product Leader Hull Insurance, AGCS. “Now
the sector also faces the task of operating in a very different world, with the
uncertain public health and economic implications of the pandemic.”

The annual AGCS study analyzes
reported shipping losses over 100 gross tons (GT) and also identifies 10
challenges of the coronavirus crisis for the shipping industry which could
impact safety and risk management. In 2019, 41 total losses of vessels were reported
around the world, down from 53, 12 months earlier. This represents an
approximate 70% fall over 10 years and is a result of sustained efforts in the areas of regulation, training and
technological advancement, among others. More than 950 shipping losses have
been reported since the start of 2010.

Top loss locations and most affected ships

According to the report, the South China,
Indochina, Indonesia and Philippines maritime region remains the top loss
location with 12 vessels in 2019 and 228 vessels over the past decade — one in
four of all losses. The Japan, Korea and North China region saw 2 vessels lost
in 2019 and is the third largest loss location overall with 104 since 2010. High
levels of trade, busy shipping lanes, older fleets, typhoon exposure, and safety
issues on some domestic ferry routes are contributing factors. However, in
2019, losses declined for the second successive year, mirroring a global trend.

Cargo ships (15) accounted for more
than a third of vessels lost in the past year, most of them in South East Asian
waters. Foundered ships (sunk/submerged) were the main cause of all total
losses, accounting for three in four (31). Bad weather accounted for one in
five losses. Issues
with car carriers and roll-on/roll-off (ro-ro) vessels remain among the
biggest safety issues. Total losses involving ro-ros are up year-on-year, as
well as smaller incidents (up by 20%) — a trend continuing through 202.

“The rise in number and severity of
claims on ro-ro vessels is concerning. Ro-ros can be more exposed to fire and
stability issues than other vessels,” says Khanna. “Many have quick turnarounds
in port and a number of accident investigations have revealed that pre-sail
away stability checks were either not carried out as required, or were based on
inaccurate cargo information. Too many times commercial considerations have
endangered vessels and crews and it is vital that this is addressed on shore
and on board.”

Number of smaller shipping incidents
on the rise

While total losses continue to see
a positive trend, the number of reported shipping incidents (2,815) increased
by 5% year-on-year, driven by machinery damage, which caused over one in three
incidents (1,044). A rise in incidents in the waters of the British Isles,
North Sea, English Channel and Bay of Biscay (605), meant it replaced the East
Mediterranean as the top hotspot for the first time since 2011, accounting for
one in five incidents worldwide. Similarly, incidents in the South China,
Indochina, Indonesia and Philippines region also increased by 21 year-on-year
for a total of 255 in 2019, making it the third highest region.

“We cannot lose sight of the fact that, while total
losses have reduced significantly, the total number of incidents increased year-on-year,”
says Ossena. “It does not take much for a serious incident to result in a total
loss and, hence, the warning signs are there.”

There were almost 200 reported
fires on vessels over the past year, up 13%, with five total losses in 2019
alone. Mis-declared
cargo is a major cause. Taking steps to address this issue is vital as it
will only worsen as vessels become bigger and the range of goods transported grows.
Chemicals and batteries are increasingly shipped in containers and pose a serious
fire risk if they are mis-declared or wrongly stowed.

Coronavirus challenges

The shipping industry has continued
to operate through the pandemic, despite disruption at ports and to crew
changes. While any reduction in sailings due to coronavirus restrictions could
see loss activity fall in the interim, the report highlights 10 challenges that
could heighten risks. Among these are:

• The inability to change crews is impacting the
  welfare of sailors, which could lead to an increase in human error on board
  vessels.
• Disruption of essential maintenance and
  servicing heightens the risk of machinery damage, which is already one of the
  major causes of insurance claims.
• Reduced or delayed statutory surveys and port
  inspections could lead to unsafe practices or defective equipment being
  undetected.
• Cargo damage and delay are likely as supply
  chains come under strain.
• The ability to respond quickly to an emergency
  could also be compromised with consequences for major incidents which are
  dependent on external support.
• The growing number of cruise ships and oil
  tankers in lay-up around the world pose significant financial exposures, with
  many of them anchored in typhoon-exposed areas in Asia or hurricane-exposed
  areas in North America.

“Ship-owners also face additional
cost pressures from a downturn in the economy and trade,” says Captain Rahul Khanna, Global Head of Marine
Risk Consulting at AGCS. “We know from past downturns that crew and
maintenance budgets are among the first areas that can be cut and this can
impact the safe operations of vessels and machinery, potentially causing damage
or breakdown, which in turn can lead to groundings or collisions. It is crucial
that safety and maintenance standards are not impacted by any downturn.”

Geopolitical tensions and cyber
impact shipping safety

Meanwhile, events in the Gulf of
Oman and the South China Sea show political rivalries are increasingly being
played out on the high seas and shipping will continue to be drawn into geopolitical
disputes. Heightened political risk and unrest globally has implications
for shipping, such as the ability to secure crews and access ports safely. In
addition, piracy
remains a major threat with the Gulf of Guinea re-emerging as the global hotspot,
Latin America seeing armed robbery increase and renewed activity in the Singapore
Strait.

Ship-owners are also increasingly
concerned about the prospect
of cyber-conflicts. There has been a growing number of GPS spoofing attacks
on ships, particularly in the Middle East and China, while there have been
reports of a 400% increase in attempted cyber-attacks on the maritime sector
since the coronavirus outbreak.

Other risk topics in the AGCS Safety
& Shipping Review include:

• Targets to cut emissions will shape
  shipping risk for years to come. The aim to halve CO2 emissions by 2050
  will require the industry to radically change fuels, engine technology and even
  vessel design. Since January 1, 2020 allowable sulphur levels in marine fuel
  oil were slashed. However compliance is not straightforward and teething
  problems could lead to a surge in machinery damage claims. Ultimately, de-carbonization
  will also have regulatory, operational and reputational implications. Progress
  on addressing climate change could stall with the focus on the coronavirus
  pandemic. This must not be allowed to happen.
• New technology not a panacea, but an
  increasingly useful tool: Shipping tech can be a positive for safety
  and claims and is increasingly being deployed to combat some of the risks
  highlighted in the report — from reducing the threat of fire on vessels through
  temperature monitoring of cargo to even potentially integrating suppression
  systems in drones in future. Increased use of industrial control systems to
  monitor and maintain engines could significantly reduce machinery damage and
  breakdown incidents, one of the biggest causes of claims.
• Unluckiest
  ships — The most accident-prone vessels of the last year were two Greek
  Island ferries and a bulk carrier in North America, all involved in six
  different incidents.

About Allianz Global Corporate & Specialty

Allianz Global Corporate & Specialty (AGCS) is a leading global
corporate insurance carrier and a key business unit of Allianz Group. We
provide risk consultancy, Property-Casualty insurance solutions and alternative
risk transfer for a wide spectrum of commercial, corporate and specialty risks
across 10 dedicated lines of business.

Our customers are as diverse
as business can be, ranging from Fortune Global 500 companies to small
businesses, and private individuals. Among them are not only the world’s
largest consumer brands, tech companies and the global aviation and shipping
industry, but also wineries, satellite operators or Hollywood film productions.
They all look to AGCS for smart answers to their largest and most complex risks
in a dynamic, multinational business environment and trust us to deliver an
outstanding claims experience.

Worldwide, AGCS operates with
its own teams in 32 countries and through the Allianz Group network and
partners in over 200 countries and territories, employing over 4,450 people. As
one of the largest Property-Casualty units of Allianz Group, we are backed by
strong and stable financial ratings. In 2019, AGCS generated a total of €9.1
billion gross premium globally.

For more information please visit http://www.agcs.allianz.com/
or follow us on Twitter @AGCS_Insurance and LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

The
statements contained herein may include statements of future expectations and
other forward-looking statements that are based on management’s current views
and assumptions and involve known and unknown risks and uncertainties that
could cause actual results, performance or events to differ materially from
those expressed or implied in such statements. In addition to statements which
are forward-looking by reason of context, the words “may”,
“will”, “should”, “expects”, “plans”,
“intends”, “anticipates”, “believes”,
“estimates”, “predicts”, “potential”, or
“continue” and similar expressions identify forward-looking
statements.

Actual
results, performance or events may differ materially from those in such
statements due to, without limitation, (i) general economic conditions,
including in particular economic conditions in the Allianz Group’s core
business and core markets, (ii) performance of financial markets, including
emerging markets, and including market volatility, liquidity and credit events
(iii) the frequency and severity of insured loss events, including from natural
catastrophes and including the development of loss expenses, (iv) mortality and
morbidity levels and trends, (v) persistency levels, (vi) the extent of credit
defaults, (vii) interest rate levels, (viii) currency exchange rates including
the Euro/U.S. Dollar exchange rate, (ix) changing levels of competition, (x)
changes in laws and regulations, including monetary convergence and the
European Monetary Union, (xi) changes in the policies of central banks and/or
foreign governments, (xii) the impact of acquisitions, including related
integration issues, (xiii) reorganization measures, and (xiv) general
competitive factors, in each case on a local, regional, national and/or global
basis. Many of these factors may be more likely to occur, or more pronounced,
as a result of terrorist activities and their consequences.

The matters
discussed herein may also be affected by risks and uncertainties described from
time to time in Allianz SE’s filings with the U.S. Securities and Exchange
Commission. The company assumes no obligation to update any forward-looking
statement.

JOHANNESBURG, SOUTH AFRICA – EQS Newswire – 14 July 2020 – The African Energy Chamber has appointed a US-Africa Committee to serve on its Advisory Board and support the development of stronger energy cooperation and investment between the United States and Africa. Serving in their personal capacities, the members of the US-Africa Committee gather several decades of experience in government and the private sector from both sides of the Atlantic, and share a passion for Africa and its development. They include:

Reginal “Reg”​ Spiller, CEO, Azimuth Energy Investments LLC
Kola Karim, CEO, Shoreline Energy International
Rogers Beall, Executive Chairman and CEO, Africa Fortesa Corporation
Jude Kearney, President, Kearney Africa
C. Derek Campbell, CEO, Energy & Natural Resource Security, Inc.
Alicia Robinson-Morgan, Managing Director for Africa, Millenium Challenge Corporation
Akinwole Omoboriowo II, Chairman and CEO, Genesis Energy Group
Ann Norman, General Manager – Africa, Pioneer Energy
R. Dean Foreman, Chief Economist, American Petroleum Institute

The African Energy Chamber truly believes that the potential for capital, expertise and technology transfers between the US and Africa is under-exploited. While Power Africa remains to date the most successful initiative to develop Africa’s energy sector by tapping into American capital and technology, more can be done in light of the continent’s continued energy poverty.

From exploration to gas infrastructure, and from power technology to energy funding, the United States remain a global leader that has much to bring to Africa under the right partnerships and joint-ventures that can support local content development and jobs creation.

“The largest but also most recent discoveries in Africa were made by bold and capable American companies who have proven time and again that betting on Africa bears fruits. At times when the continent seeks to develop much stronger gas value chains and attract investment into midstream and downstream infrastructure, we need to look back at the United States and develop stronger partnerships. As Africa embraces energy transition, a substantial part of the capital needed to develop cleaner energy solutions also lies with American companies and institutions,” declared Nj Ayuk, Executive Chairman at the African Energy Chamber.

The US-Africa Committee is the first committee on the African Energy Chamber’s Advisory Board to be announced. The Chamber has put together leading industry experts, executives and public representatives to support several initiatives over the course of 2020 and 2021, such as local content development, natural gas and energy transitions, the promotion of an enabling environment and the expansion of exploration activities.

HONG KONG,
CHINA – Media OutReach – 14 July
2020 – This news release is made by Johnson Electric Holdings Limited (“Johnson
Electric” or the “Company” and together with its subsidiaries, the “Group”) for
the business operations and selected unaudited financial information of the
Company for the quarter ended 30 June 2020.

The Board
of Directors (the “Board”) of the Company considers the publication of quarterly
sales performance updates to be consistent with international corporate
disclosure best practice. The objective of this news release is to provide
transparency and to ensure that investors and potential investors receive equal
access to the same information at the same time.

The Group’s
sales for the quarter ended 30 June 2020 were US$517 million compared to US$767
million for the same quarter in 2019, a decrease of 33%. Excluding currency
movements, sales decreased by 31% to US$527 million. Sales were significantly
reduced in April and May due to the impact of the COVID-19 pandemic,
particularly on the automotive components industry in Europe and the Americas.
During the month of June, the Group experienced a significant recovery in
demand and by the end of the month sales volumes were approaching similar
levels to a year earlier.

Foreign
exchange rate movements had a negative effect of US$10 million on the Group’s
sales during the quarter. This was mainly due to the impact of the weaker
average exchange rates for the Chinese Renminbi and Euro against the US Dollar,
comparing the quarter ended 30 June 2020 to the same quarter last year.

Sales of Automotive
Products Group (“APG”)

Sales of
our Automotive Products Group in the first quarter of the financial year
decreased by US$249 million or 41% compared to the same quarter in 2019.  Excluding currency effects, APG’s sales
decreased by US$240 million or 39%, with the following sales changes by region:

• Asia
  decreased 2%

• Europe
  decreased 58%

• Americas
  decreased 60%

APG’s sales
in Asia decreased slightly. The impact of reduced volumes of light vehicle
production was partially offset by growth in some segments in China including
braking, closure, thermal management and transmission as well as oil pumps for
engine and transmission.

APG’s sales
in Europe and the Americas decreased markedly as automotive customers in these
regions shutdown assembly plants in April and May to contain the COVID-19
pandemic. Johnson Electric was also affected by these containment measures,
necessitating the temporary closure of several of our production facilities in
the affected regions.

Sales of Industry
Products Group (“IPG”)

IPG’s sales
were flat compared to the same quarter in 2019. Currency effects were
negligible. The sales changes by region, excluding currency effects, were as
follows:

• Asia
  increased 2%

• Europe
  decreased 2%

• Americas
  increased 1%

Although
IPG’s sales of products for some segments and customers decreased due to the
impact of the COVID-19 pandemic on end-market demand, this was offset by strong
growth in the medical devices segment due to new product launches and ramp-ups;
higher-than-usual demand for home appliances and personal care products as
consumers spent more time at home due to COVID-19 lockdowns; and market share
gains as a result of supply disruptions at some competitors.

Chairman’s Comments on Year-to-Date
Sales Performance and Outlook

Concerning
the first quarter’s sales performance, the Chairman and Chief Executive, Dr.
Patrick Shui-Chung Wang, said, “As previously projected, the unprecedented
effects of the COVID-19 global pandemic resulted in sales levels in the first
quarter of the current financial year being substantially weaker than in the
same period a year ago.  Although demand
in China displayed a gradual and consistent improvement during the quarter, it
was not until June that we began to experience a significant rebound in orders
from our automotive customers in North America and Europe.”

Dr. Wang
further commented: “Given the widespread and continuing uncertainties of the
pandemic, it is not feasible to provide a meaningful estimate of sales volumes
for the rest of the year.  However, with
the most recent weekly sales run-rate approaching the levels of a year ago,
there are no indications that underlying demand for Johnson Electric’s
innovative products and technology has been permanently reduced.  Our Industry Products Group performed very
satisfactorily in the first quarter with growing demand in some application
segments offsetting the negative impact of macro-economic contraction in
others. And in the automotive components sector, I am especially encouraged by
an increase in new orders for Johnson Electric’s products that improve fuel
economy, reduce emissions, and enable electrification — which together
represent the most critical technology imperatives of the industry for at least
the next decade.

Despite the
challenging and unpredictable trading conditions, the Company remains in sound
shape in terms of liquidity.  Geographically, Johnson Electric’s sales are
divided broadly equally between Asia, Europe and the Americas and this
diversified base of end-market demand continues to be a key source of strength
and stability for the Group. ”

Cautionary
Statement

Shareholders
and potential investors in the Company are reminded that the information
provided in this news release, including information related to the expected
outlook for the full year, is based on the Group’s unaudited internal records
and management accounts. This information has not been reviewed or audited by
the Company’s auditors.

Shareholders
and potential investors should exercise caution when dealing or investing in
the shares of the Company.

About Johnson Electric Group

The
Johnson Electric Group is a global leader in electric motors, actuators, motion
subsystems and related electro-mechanical components. It serves a broad range
of industries including Automotive, Smart Metering, Medical Devices, Business
Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn
& Garden Equipment. The Group is headquartered in Hong Kong and employs over
30,000 individuals in more than 23 countries worldwide. Johnson Electric
Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock
Code: 179). For further information, please visit: www.johnsonelectric.com.

Tesco and NESS sign Malaysia’s largest commercial solar Power Purchase Agreement

HONG KONG, CHINA – Media OutReach – 14 July 2020 – Tesco Stores
(Malaysia) Sdn Bhd (Tesco) and NE Suria Satu Sdn Bhd (NESS), a joint-venture
company of PETRONAS and NEFIN Group, have entered into the largest long-term
Power Purchase Agreement (PPA) (Tesco-NESS PPA) for solar energy in Malaysia.
The first phase of the Tesco-NESS PPA will see the installation of solar
photovoltaic (PV) panels on the rooftop spaces of 15 Tesco stores nationwide.
The Tesco-NESS PPA will run for 20 years until 2040.

Once the installation is completed in October 2020, the solar PV
panels will collectively generate about 18 gigawatt hours (GWh) of clean energy
per year, thus reducing approximately 13,624 tonnes of carbon emissions into
the atmosphere. The power generated from the solar PV panels can also light up
as many as 104 Olympic-sized stadiums simultaneously or 804,905 three-bedroom
homes for an entire year.

“The installation of the solar PV panels in 15 out of 62 of our stores
is the first phase in Tesco’s renewable energy push. Eventually, we will be
able to generate clean, renewable energy at most of our stores and in the
process, reduce our carbon emissions. This push in environmental sustainability
is just one of the many ways that we are doing to reduce our impact on the
environment, which already includes measuring and publishing our food waste
data and reducing the usage of single-use plastic bags in our stores,” said
Tesco Chief Executive Officer, Paul Ritchie.

“We are pleased to work with NESS in our first foray into clean
renewable energy as the consortium that forms NESS has proven individual track
records in delivering and maintaining major projects such as this. We look
forward to a long and fruitful partnership with them,” he added.

NESS is a collaboration between PETRONAS through its New Energy
business unit which focuses on providing end-to-end, cost-effective, and
sustainable cleaner energy solutions; and NEFIN Group, which is a renowned
regional bespoke solar developer and asset management group.

NESS’ Director Dr Jay Mariyappan, who is also the Head of PETRONAS New
Energy, said: “We are honoured to be awarded Tesco’s first solar project in
Malaysia. With the collective capabilities of PETRONAS and NEFIN, we are
confident that we will be able to support Tesco in realising its sustainability
goals which ultimately will benefit all of us. This is also in line with our
aspiration to be the leading cleaner energy solutions provider.”

NESS will fully invest in the 15 solar PV project, including the design,
installation, operation and maintenance of the solar PV systems. NESS has
appointed Solarvest as its local Engineering Procurement Construction (EPC)
contractor for this project.

The Tesco-NESS PPA is especially significant for Tesco towards supporting
its parent company, Tesco Group’s goal of becoming a zero-carbon business by
2050.

The stores which will be fitted with the solar PV panels are Tesco
Mergong, Tesco Sungai Petani Selatan, Tesco Bukit Mertajam, Tesco Rawang, Tesco
Ipoh, Tesco Station 18, Tesco Klang, Tesco Puchong, Tesco Bukit Puchong, Tesco
Extra Seremban Jaya, Tesco Kulim, Tesco Stargate, Tesco Seberang Jaya, Tesco
Jitra and Tesco Kampar.

About Tesco Stores (Malaysia) Sdn Bhd

Tesco Malaysia was established in May 2002 through its first store in
Puchong, Selangor. Today, it employs over 7,000 employees across 62 stores and
two distribution centres throughout Peninsular Malaysia. In 2013, Tesco paved
the way in online grocery shopping through the launch of Tesco Online which started
in Klang Valley before expanding to Penang, Johor Bahru, Melaka, Negeri
Sembilan and Ipoh.

About NE Suria Satu Sdn Bhd
(NESS)

NESS, a joint venture between Petroliam Nasional Bhd’s subsidiary for
its New Energy business in Malaysia, PETRONAS Power Sdn Bhd and NEFINCO
Malaysia Sdn Bhd, a member of the NEFIN Group. NESS’ focus is on commercial and
industrial projects in Malaysia and the TESCO-NESS PPA is the joint venture’s
first project.

PETRONAS New Energy is PETRONAS’ renewables business that currently
includes M+ by PETRONAS which has more than 50MW of solar solutions under
development with commercial and industrial customers in Malaysia, and its 100%
owned distributed energy company, Amplus Energy Solutions that has more than
650MW of operating and under construction solar projects in India and
Dubai. 

Founded by core management team of DuPont Solar Business, legal expert
and investment bankers, NEFIN Group has collectively delivered over 300MW of
utility-scale, commercial and industrial rooftop solar systems regionally. The
mission of NEFIN is about achieving carbon neutrality for companies. The group
offers consulting services such as due diligence, feasibility studies and
lender-technical advice on top of project development, system design, engineering
and asset management. NEFIN Group also offers flexible financing options to
partners who opt for zero investment. Please refer to NEFIN’s website
www.nefinco.com for more information.

• Ariston smart water heater series with build-in
  WiFi features to enable easy and remote controls via Aqua Ariston Net App now
  comes in slim design
• Features such as water heater controls,
  shower-ready notifications, real-time consumption reports, schedules of water
  heater heating and more, can now be easily controlled by a few simple touches
  through the Aqua Ariston Net application, available on both App Store and
  Google Play store
• Equipped with patented long-lasting titanium
  heating element with lifetime warranty, energy-saving with smart ECO-EVO
  technology and AG+ Silver Ions with antibacterial properties with greater
  hygiene
• Ariston smart water heater series now available
  in square design to fit narrow bathrooms, and in slim designs to perfectly fit
  onto the beams at HDB and condominium bathrooms

SINGAPORE – Media
OutReach – 14 July 2020 – In
October 2019, Ariston launched Singapore’s first WiFi-enabled electric storage
water heater equipped with revolutionary smart technology, a renewed luxury
design and a patented titanium
heating element that comes with lifetime warranty. Ariston is now proud
to launch its complete series of WiFi-enabled electric storage water heaters
with the most popular designs among homeowners in Singapore. The series
includes the classic square-shaped design — Andris2 Top WiFi, as well as the newly
introduced slim design – Slim2 Lux WiFi, both come in 30L capacity.

Wifi-Enabled
Smart Controls for Maximum Convenience and Best Comfort

These WiFi-enabled
electric storage water heaters can be easily controlled with Ariston’s
dedicated smart phone App – Aqua Ariston
Net App for water heating. Customers can easily have total control whenever
and wherever they are, and enjoy the following features to maximize usage
convenience of their water heater:

Comfort

• Have
  shower-ready notifications sent to your mobile for hot water
• Find
  information on the next available shower timing
• Receive
  constant up-to-date information about water temperature

Energy Saving

• Turn the
  water heater on and off remotely
• Set a
  weekly schedule to have hot water only when necessary
• Receive
  energy consumption reports to continuously monitor your own habits

Peace of Mind

• Easy troubleshoot with push notifications

The Aqua Ariston Net App can be downloaded
from Apple App Store or Google Play Store:

Apple
App Store: https://apps.apple.com/sg/app/aqua-ariston-net/id1060595147

Google Play Store: https://play.google.com/store/apps/details?id=com.remotethermo.velis&hl=en

Equipped with Patented Titanium Heating
Element with Lifetime Warranty

Ariston was the first electric water heater manufacturer to use titanium
against water corrosion. All Ariston smart water heater series are made with
super-ecologic insulation materials and boast a new exclusive Titanshield
technology for best tank protection with titanium enameling and enhanced Mg
anode. The patented full-titanium heating element is the best solution in the
market with assures top heating performance during the whole product life. To
prove product durability, this unique component in Ariston smart water heater
series come complete with a lifetime
warranty.

Equipped with AG+ Silver Ions for Improved Water Hygiene

Bacteria grow in very diverse conditions, and are commonly present in
water. To step up on its ability to provide cleaner water to its users, Ariston
developed the AG+ technology to inhibit bacteria proliferation in its water
tanks including E-Coli, Salmonella, Legionella, Mould, Fungi and more. Silver
spheres are placed inside the tank in a customized cartridge, at the level of
the water inlet pipe, allowing the water contained in the tank to receive
bacteriostatic effect by coming in contact with AG+ spheres. As a result, water
produced from these water heaters is cleaner and more hygienic.

The table below
summarizes the highlights of Ariston WiFi-Enabled water heaters:

Hi-res brochure and images can be downloaded here: https://www.dropbox.com/sh/fsevyvxpi9mzw7w/AAB6mrvnCDcNKGFm5O6QVGpUa?dl=0

ABOUT ARISTON THERMO

Ariston Thermo is an international company among the leaders in water
and environmental heating solutions. The Group develops and provides solutions
that use renewable energy, such as thermal solar and heat pumps, with a
continuous investment in innovation for the development of increasingly
advanced connectivity systems.  

Founded in Italy in 1930 and accounting today for 7,500 employees
worldwide, in 2019 the Group achieved a total turnover of € 1.71 billion and
sold 8.2 million products in more than 150 countries, with 69 operating
companies and 6 representative offices in 42 countries, 26 production sites in
15 countries and 24 centres of expertise for research and development in 15
countries.

The Group offers a full range of products, systems and services mainly under
the brands Ariston, ELCO, Chaffoteaux, Atag, Racold, Calorex, NTI and HTP. The
goal of Ariston Thermo is to look to the future of thermal comfort, offering an
optimal combination of quality, energy savings and respect for the environment.

SINGAPORE – Media OutReach –
14 July 2020 – Amidst the economic downturn from COVID-19, a number of
savvy SMEs are experiencing business growth with the help of digitalisation
from Heroes Of Digital, a
home-grown agency on a mission to help SMEs thrive via a combination of digital
marketing and technology.

For businesses forced
to close during the circuit breaker, their survival depends on revamping
services and providing digital alternatives. In a competition of who adapts the
fastest, non-digital SMEs have realised that this switch is not as simple as it
sounds.

This is where a digital
marketing agency like Heroes of Digital
(HOD) steps in. From day 1, we have pushed our clients to unlock their full
potential — to rise above brick-and-mortar stores and stand out in a
competitive and crowded digital space.

“The most common
concerns among SME owners are expertise and cost. They’re afraid that it’s too
expensive to conduct their services online and train their staff. They also
lack the expertise to innovate and go digital. However, they are losing out to
their competitors who are already prepared for unforeseen circumstances such as
this.” says Xavier Tan, Co-founder, Heroes of Digital.

But it is not too late
for SMEs to begin thriving digitally. HOD’s Medical and Aesthetic clients, or
Financial and Professional clients, have tele-consultations and online chat
services set up to replace physical consultations while still delivering a high
level of service.

“Almost overnight, we
switched our marketing strategy during the circuit breaker to incorporate more
product offerings, enhance our tele-consultation service and successfully
launched a new product range. HOD’s efforts have kept us in constant contact
with our potential clients and have allowed the clinical team to stay safe. We
are now fully booked for procedures until August and appear to have
successfully fought-off the huge revenue drop expected by most others.” shared
Dr Joshua Chong, Medical Director, Terra Medical.

Similarly, Education
clients, such as tuition, universities or enrichment centres have experienced
phenomenal growth after adapting their digital marketing strategies, via online
lessons, virtual webinars and free trials with video-call technology.

As a start, HOD has
launched several COVID-19 initiatives to help drive businesses into the digital
space. To learn more about these specific initiatives, click here.

About Heroes of Digital

Heroes of Digital is a
digital marketing agency with a mission to save companies from wasteful and
ineffective digital marketing. By adopting a data-driven approach with an
integrated digital marketing strategy combined with proprietary marketing
technology, we help clients get maximum results from their budget.

HONG KONG, CHINA – Media OutReach – 14 July 2020 – Lane
Crawford, Greater China’s leading iconic luxury department store, is on the look out for emerging talent to be part of The Makers
Movement — the ninth chapter in their Creative Call Out series.

The Creative Call Out series was launched by Lane Crawford in
2015 with a commitment to seek out and support the talent of tomorrow across
the creative industries.  Makers of fashion,
lifestyle and beauty collections, as well as content and experiential creators
are invited to put themselves into the mix for this exciting and collaborative Creative
Call Out — becoming a part of The Makers Movement.

The Call Out has been launched in Lane Crawford’s  home cities of  Beijing, Shanghai,
Chengdu, Hong Kong SAR and globally online on July 7, 2020. This year, instead
of hosting a physical event, Lane Crawford is launching a designated digital
platform www.globalcreativecallout.com
where entrants submit a 3-minute video in the first round to pitch to the Lane
Crawford internal judging panel.

Andrew
Keith, President of Lane Crawford said: “The Makers Movement is an exciting
opportunity for creatives within Greater China, and globally, to showcase their
talents to our teams, our guest judges and our customers. Providing this
platform, along with practical mentorship and commercial opportunities,
perfectly aligns with the Lane Crawford ambition to lead the new world of
luxury.”

The
panel will comprise buyers and marketeers from the Lane Crawford team, all
passionate about the craft of retail, and all on the look out for raw talent
and commercial opportunities. A total of 12 brands and creatives will be
selected as finalists.

The
judging panel will see international guest judges including renowned fashion
designer Alexander Wang, Andrew Keith, President of Lane Crawford, Tasha Liu
from Labelhood fashion incubation community, Ella Wong from Creative Artists
Agency, Qu Fang from Red social shopping platform and others on the panel, to
select the winners from the 12 finalists.

For
the first time, Lane Crawford is inviting the public to vote for the winner
alongside the judges, as these 12 finalists will be showcased at an exhibition,
in store and online, for open voting throughout the month of August 2020.

This
customer interaction will help identify the winners, and giving valuable
consumer feedback to the participating finalists during the online polling
stage.

One
winner from each region will be selected to receive a cash prize of HK$(RMB) 100,000
for business development; tailored mentorship which will be based on individual
brand or designer’s needs with industry experts and internal teams; committed
investment of three consecutive seasons in collections, as well as
participations in three brand projects which the winner will receive
highlighted support and visibility.

All
12 finalists will be given the opportunity to pitch to be an ongoing brand
partner of Lane Crawford at standard commercial terms.

Registration
ends on August 12, 2020.  The winners
will be announced at the end of September, 2020 on lanecrawford.com and on www.globalcreativecallout.com.

EDITOR’S
NOTES

Makers
Movement GCC 2020 Prize outline:

1. Business Development Investment
(upon submitting business plan)

• Hong
  Kong SAR & International winner — HK$100,000
• China
  winner — RMB 100,000

2. Mentorship programme with internal
teams and external experts, tailored to areas of needs, on business
development, industry and customer insights

3. OTB commitment of 3 consecutive
seasons (with exclusivity of products for Lane Crawford)

4. For Creative and Content Entrants:
Participation in 3 brand projects with the following support;

• In
  store and online content
• Key
  visibility on all Lane Crawford’s channels
• Marketing
  & Communications support

Key Facts on the
Creative Call Out series: 

Launched over 80
brands since 2015 

Launched over 50
creative projects since 2015 

More
than 1,300 submissions received since launch 

1^st
edition: Hong Kong SAR,
Shanghai —
2015

2^nd edition: Hong Kong SAR,
Shanghai —
2016

3^rd
edition: Beijing, Shanghai —
2017

4^th
edition: Hong Kong SAR — 2017

5^th edition: Chengdu — 2017

6^th
edition: Los Angeles — 2018

7^th
edition: Sydney — 2018

8^th edition: Shanghai — 2019

9^th edition: Hong Kong SAR, Shanghai — 2020

Download from here for high resolution images and information of
past events or winners.

About the Creative Call Out

Lane
Crawford’s Creative Call Out is a pioneering initiative set up in 2015 to
nurture the best new talents in fashion and lifestyle around the world. Through
a series of events and a digital platform, Lane Crawford extends an ongoing
invitation to emerging designers and creatives across the globe to submit and share
their work and ideas anytime and anywhere, offering a unique opportunity for
brands and designers across Womenswear, Menswear, Accessories, Beauty, Tech and
Lifestyle, as well as artistic talent such as photographers, stylists, writers
and multimedia content creators, to connect with Lane Crawford’s team of
experts and to showcase their work.

As
well as the opportunity to share their designs and ideas with a team of top
industry professionals, successful submissions to Creative Call Out will
receive a selection of exclusive benefits, support and expert advice. These
include an onboarding programme that covers legal administration, logistics,
payment processes, account management and buyer support; advice and mentorship
on subjects such as product development, pricing, customer insights, and styles
and silhouettes; and the opportunity for the winners to have their designs
stocked at Lane Crawford, both in-store and online, along with help to develop
special capsule collections and projects, and exposure through Lane Crawford’s
marketing channels.

About Lane Crawford

Founded
in 1850, Lane Crawford is an iconic luxury department store with a proud
heritage that spans 170 years and has served more than six generations of
Chinese and international customers since that time.

Lane
Crawford constantly evolves its product offer, experience, and services —
adapting to customer expectations of the 21st century, as a global omni-channel
fashion and lifestyle retailer. 

With
seven strategically placed physical stores in landmark city locations across
Hong Kong SAR, Beijing, Chengdu and Shanghai, customers are welcomed into a
world of more than 560,000 square foot. 
The curation of own-bought product delivers our customers the ultimate
luxury edit across Womenswear, Menswear, Footwear, Accessories, Beauty &
Wellbeing, Lifestyle, and Fine Jewellery. These immersive spaces are creatively
driven, and the teams are passionate about creating environments that give
customers uplifting and unmissable moments of discovery. Throughout the seasons,
customers are welcomed into a sensory experience that fuses fashion, design,
art & music, whilst always being offered impeccable levels of service.

Lane
Crawford is proud to be a luxury leader with a unique model within the region,
in a market otherwise dominated by concessions and mono-brands. This model
enables Lane Crawford to present its own edit with credibility, authority, and
inventiveness.  The company’s buying,
creative, and marketing teams work directly with their brand partners to create
innovative and exclusive programmes that are unique and relevant for the
Greater China market.

As
an iconic and trusted brand in Greater China and one of the world’s oldest
department stores, Lane Crawford is a part of The Lane Crawford Joyce Group,
Asia’s premier fashion retail, brand management and distribution group, which
also includes cutting-edge fashion boutique Joyce; fashion footwear, handbags
and accessories specialist Pedder Group; and fashion, beauty, and lifestyle
brand management and distribution business ImagineX Group.