SHENZHEN, CHINA – EQS Newswire – 28 November
2019 – TCL Electronics (01070.HK, the Company) as a leading TV company in
the global market recently released its sales volume data for the first three
quarters of 2019. The growth of both overseas and domestic markets of TCL
Electronics once again exceeded the expectations of investment institutions.

In November 2019, Essence International, CICC and
First Shanghai Group have released research reports to recommend TCL
Electronics. Essence International covered the Company for the first time and
issued a “Buy” rating with a target price of HK$4.84. Moreover, CICC and First
Shanghai Group issued “Outperform” and “Buy” ratings with a target price of
HK$5.00 and HK$6.05, respectively. The frequent comments on TCL Electronics in
the research reports include high-growth in overseas markets, excellent
performance in Internet business and layout on global production capacity.

Overseas
Business is an Important Development Engine for TCL Electronics

According to First Shanghai Group, global brand TV
sales volume of TCL Electronics recorded significant growth of 21.2%
year-on-year in the first three quarters of 2019. Moreover, according to
Sigmaintell, the total TV shipment of the Company ranked No.2 globally with a
market share of 13.2%, gaining 1.1 percentage points from the same period of
last year. For the TCL brand TVs in overseas markets, the growth is obvious and
continued with an increase of 33% year-on-year for the first three quarters of
2019, among which the market share in terms of sales volume in the US rose by 3.3
percentage points to 16.5%, ranking top 2 in the US market, and the gap of
market share between TCL brand TVs and the first ranked brand has been narrowed
significantly.

In addition, TCL Electronics began growing rapidly in
Europe and emerging markets. CICC pointed out that in the first three quarters
of 2019, TV sales volume of the Company in Europe and emerging markets
increased by 24.1% and 36.5% year-on-year respectively. During the period, TV
sales in several countries maintained strong growth momentum and increased more
than 50% year-on-year, including Spain (+247%), Italy (+236%), France (+108%),
Germany (+101%), India (+191%), Argentina (+99%), Australia (+69%) and
Indonesia (+55%). From the data above, CICC is firmly positive about the
Company’s future global development.

According to Essence International, market share in
terms of TV sales volume of TCL Electronics achieved No.1 in the US market in
March and July of 2019 and the Company is rapidly replicating the successful
experience of the US market to the European market and other emerging markets.
TCL Electronics has obvious advantages in overseas markets, compared to other
domestic competitors. The total TV production capacity layout in overseas of
TCL Electronics exceeds 15 million sets per year, which is sufficient to meet
its shipment demand in the North American, Indian and Russian markets.
Moreover, the Company’s turnover is expected to maintain double-digit annual
growth in the next three years. Noticeably, a high dividend yield of 5% corresponding
to the current stock price is attractive in the stock market.

Sales Volume of TCL Brand TV Remained
Increasing against the Downward Trend in the PRC Market

The overall TV market in China is competitive, but in
1H19, sales volume of TVs over 65 inches of the Company has increased by 114.6%
year-on-year. With CSOT gradually increasing its production capacity of the T6
large screen, the supply capacity of 65-inch and 75-inch could be further
guaranteed, and the efficient synergy between the Company and CSOT has been
further enhanced. First Shanghai Group expected that, in the PRC market, the
Company will still have an ideal performance in the mid-to-high end product
lines such as 4K and super-large screen, which the Company has been focusing on.
First Shanghai Group also believes that the Company’s differentiated
mid-to-high-end product strategy in the PRC market will help the Company
maintain profitability in the fierce market environment.

According to Essence International, TCL Electronics
has strong shareholders’ background, and its display panel is mainly supplied
by CSOT of TCL Corporation. Overall, a deep integration of supply chain not
only has a great advantage of inventory cycle, but also reduces the price
fluctuation of upstream, which further enhances TCL Electronics’ competitive
advantage on supply chain and cost control when compared with other peers.

As for CICC, since the Company’s performance in the
PRC market in 2H2018 was in the low side, CICC expected that the Company will
improve its profit in 2H2019.

Overseas Internet Business Became the New Focus
of TCL Electronics

TCL Electronics has recently announced that it renewed
global partnership with Netflix. The cooperation with Netflix will further
scale up the Company’s overseas Internet business. When the 2019 interim
results were released, TCL Electronics already announced its achievement in
overseas Internet business. With the newly generated revenue of HK$96.02
million from the overseas Internet business, the Company has become the first
Chinese enterprise in the TV industry to have large-scale and sustainable
overseas Internet business revenue.

First Shanghai Group expected that, with the market
shares of the Company in overseas markets continuously increasing and the scope
of cooperation between the Company and streaming media companies such as
Google, Roku and Netflix becoming wider and deeper, the overseas Internet
business of the Company will grow stably and continuously. Analyst from First
Shanghai Group is positive about the rapid growth of TCL brand TV in overseas
markets, and believes that the increasing overseas market shares will
accelerate the Company’s Internet business development.

The overall performance of TCL Electronics in the first three quarters
not only reflects the Company’s accurate market outlook, but also reflects
consumers’ increasing recognition on the Company’s product quality, user
experience and brand reputation.

SINGAPORE – Media OutReach – 28 November 2019 – Daito Trust
Construction Co., Ltd (“Daito Trust”), a listed construction and real estate
company in Japan will invest a US$50 million in JustCo Holdings Pte. Ltd.
(“JustCo”). In addition, Daito Trust will invest up to an additional JPY 2.65
billion (US$24 million) to form a new Japan joint venture with JustCo to build
and operate flexible workspace business in Japan (the “Joint Venture”).

 

The Joint Venture, JustCo DK (Japan) Co., Ltd., will be 51% owned
by Daito Trust and 49% owned by JustCo.

 

This Joint Venture will be an integral part of Daito Trust’s
strategy to develop a comprehensive leasing and lifestyle business, whilst enabling JustCo to expand its
network into Japan in response to the needs of JustCo’s regional members and to support its future
growth. This strategic partnership will leverage JustCo’s leading capabilities in space planning,
workplace technology and community management, combined with Daito Trust’s in-depth knowledge of the
Japanese real estate market. The transaction is subject to the satisfaction of certain closing
conditions.

 

JustCo on a sustained growth path

Since the US$177 million joint investment in JustCo from
Singapore’s sovereign wealth fund GIC, and multi-national real estate company Frasers Property Limited in May
2018, JustCo has expanded its network from 14 co-working centres in two cities, to close to 40
centres across eight cities today.

Being one of the leading flexible workspace providers with a large
multi-city presence in Asia Pacific, JustCo is enjoying buoyant demand for flexible workspace from
existing members and a large number of new clients, ranging from start-ups to large enterprises
including Fortune 500 companies. Such demand has enabled JustCo to enjoy strong occupancy rates
throughout its centres, contributing to faster than expected revenue growth.

 

In line with JustCo’s vision to “Make Work Better” and further
enhance member experience, JustCo’s key differentiation is its ability to deploy smart technologies in
both physical and digital spaces to create an integrated flexible workspace solution to better serve its
communities.

 

The additional US$74 million
funding provided by Daito Trust to JustCo and the Joint Venture, combined with positive cash flow from JustCo’s mature centres and
its cash reserves, will enable JustCo to continue to fund its growth plan and benefit from the
ongoing consolidation in the flexible workspace market.

 

Entering Japan, another key market to JustCo’s network

Japan, as the second largest economy in Asia by GDP, is an
important market for a large number of JustCo’s existing members. Demand for flexible workspace in key
Japanese cities such as Tokyo is fast-growing. Expansion into Japan will further enhance JustCo’s
network advantage to better serve the needs of its members. This extends JustCo’s presence in Asia
Pacific to eight key markets, including Australia, China, Indonesia, Singapore, South Korea,
Taiwan and Thailand, allowing JustCo to better respond to new demands for flexible workspace, further
fueling its growth.

 

Positioning JustCo for success in Japan

Understanding each market’s local nuances is critical to JustCo’s
success in the region. JustCo’s strategic partnership with Daito Trust is expected to catalyze
JustCo’s market entry into Japan, and further enhance its localization capabilities to offer customized
workspace solutions and curate relevant community programs for local members and their
businesses. Similar to the other markets which JustCo is already present in, there will be a local team on
the ground to manage the business.

 

JustCo and Daito Trust share a long-term commitment to develop a
successful flexible workspace business in Japan. The investment in JustCo and establishment of
the Joint Venture will enable Daito Trust to realize its strategy to expand beyond its traditional
business of rental housing and become a comprehensive lifestyle support company.

 

Daito Trust is a leading construction and real estate company in
Japan, offering an extensive range of services seamlessly from consulting sales of rental housing, design
and construction, tenant recruitment to building management, with esteemed record of
consistent growth in sales and profits for 11 consecutive years to achieve net sales in excess of JPY 1.5
trillion and net profit of JPY 90 billion for the fiscal year ended March 31, 2019. With a No.1
market position in Japan, Daito Trust will tap on its deep customer base, local market knowledge, local
design and development capability and a strong local network of brokers to contribute meaningfully to
the Joint Venture.

 

Mr. Katsuma Kobayashi, President and Representative Director
(CEO), Daito Trust, said, “Our Group achieved accelerated growth as a company specialized in rental
housing, and is now implementing the New Five-Year Plan from the fiscal year 2019. Under the slogan
of ‘becoming a company that our stakeholders feel comfortable, entrusting their dreams and future
to and that can generate sustainable growth’. Our Group aims to become a total lifestyle support
company by strengthening comprehensive leasing and total lifestyle support service business operations,
in addition to our efforts to bolster the core businesses (rental housing field) and expand market share.
The flexible workspace business is one of the key elements in our comprehensive leasing business, and
we believe the collaboration with JustCo marks a significant step forward.”

 

Mr. Kong Wan Sing, Founder and Chief Executive Officer, JustCo,
said, “The investment from Daito Trust is testament to the long-term growth potential of the flexible
workspace industry and JustCo’s sustainable growth and leadership in the region. The scale of the
Japanese market opportunity will contribute significantly to the growth of JustCo. Japan is one of
the key growth markets for us. We are confident of the strategic partnership with Daito Trust, given
their long history in Japan, trusted reputation and local expertise. Our strong corporate governance
and financial prudence will continue to serve as the backbone of our business as we expand our network.
JustCo aims to cement its position as the leader in Asia Pacific, and has set a new target
to operate more than 3 million square feet of co-working spaces by 2021.”

 

For high resolution images, kindly click here.

About Daito Trust

Founded in 1973 and headquartered in Tokyo, Daito Trust is a
construction and real estate company offering an extensive range of services seamlessly from consulting
sales of rental housing, design and construction, tenant recruitment to building management. The
Company has maintained No.1 market position in Japan in terms of the number of rental brokerage,
housing units supplied, and rental housing units under management for 9, 11 and 23 consecutive years,
respectively. Especially in the rental housing field, the Company has established an unparalleled
position as the number of rental housing units under management totals 1.1 million. After the
achievement of the increase in sales and profits for the 11 consecutive years in the fiscal year ended in
March 31, 2019, the Company is now implementing the New Five-Year Plan under the leadership of the
new CEO Kobayashi from this fiscal year to achieve the continued increase in sales and profits for
the twelfth straight year.

 

Website: https://www.kentaku.co.jp/e/

Website for tenants: https://www.eheya.net/en/index.html

About JustCo

Founded in 2011 and headquartered in Singapore, JustCo is Asia
Pacific’s leading premium flexible workspace provider. We continually disrupt the status quo and
redefine collaborative working.

 

In our communities, we connect dynamic entrepreneurs, start-ups
and large corporations. People are at the heart of what we do, as we create networking events and
strategic partnerships for our members and partners to gain insights, collaborate, and help each other.
Our passion for customer satisfaction ensures our members find the same JustCo hospitality — comfort and
peace of mind — no matter where they are.

 

We make work better by revolutionising how people work, empowering
our ever-growing community with exceptional flexibility, opportunities and experiences.

 

Website: https://www.justcoglobal.com/

Facebook: https://www.facebook.com/JustCoGlobal/

LinkedIn: https://sg.linkedin.com/company/justco

Instagram: https://www.instagram.com/justcoglobal

 

JustCo Locations

 

Singapore

1. 6 Raffles Quay

2. 20 Collyer Quay

3. 51 Bras Basah Road

4. 120 Robinson Road

5. Asia Square Tower 2

6. AXA Tower

7. China Square Central (Opening in Q1 2020)

8. MacDonald House

9. Manulife Tower

10. Marina One (East Tower)

11. Marina One (West Tower)

12. Marina Square

13. Ocean Financial Centre (Verizon Innovation Community)

14. Samsung Hub (L12)

15. Samsung Hub (L25)

16. UIC Building

17. Westgate Tower

Shanghai,
China

1. LL Land Tower (Opening in Q1 2020)

2. Raffles City Changning

3. Wheelock Square

 

Jakarta,
Indonesia

1. AIA Central

2. Sequis Tower

3. The Plaza

 

Bangkok,
Thailand

1. AIA Sathorn Tower

2. Capital Tower, All Seasons Place

3. Samyan Mitrtown

 

Seoul,
South Korea

1. Ferrum Tower

2. Seoul Finance Centre

3. JustCo Tower

4. The Pinnacle Gangnam

 

Melbourne,
Australia

1. 15 William Street

2. 276 Flinders Street

3. 447 Collins Street (Opening in Q2 2020)

 

Sydney,
Australia

1. 60 Margaret Street

2. 175 Pitt Street

 

Taipei,
Taiwan

1. Hung Tai Financial Plaza

2. Minsheng Jianguo

3. Dian Shih (Opening in Q1 2020)

SINGAPORE – Media OutReach – 28 November 2019 – FinTech start-up BetterTradeOff (BTO) announced today the launch of a revolutionary online solution that allows people to take control of their future and unleash new possibilities through better financial decisions.

Named ‘Up’, the platform dramatically simplifies the financial planning process, providing people with a do-it-yourself tool for exploring and understanding different financial choices and outcomes. Interactive, highly visual, and fun to use, ‘Up’ makes it easy for people to see and understand the impact of each decision they make, while exploring a wide range of financial situations, including family composition; life events (such as purchasing a new home); expenses and income; CPF, savings and investments (including tax implications); education costs and financing; insurance and debt.

Laurent Bertrand, founder and CEO of BetterTradeOff, shares why BTO built the tool: “We developed ‘Up’ to combat the complexities of traditional financial planning, building a fun, and easy to use online tool that allows anyone, regardless of financial acumen, to explore and plan a better future. ‘Up’ lets people take control of the future and unleash new possibilities through better financial decisions”.

How ‘Up’ Revolutionizes the Industry

Traditional financial planning practices are institution-driven, they are not individual-driven; often leading to a lack of clarity and transparency — resulting in mistrust in the industry and leaving many people significantly underinvested. A free, web-based tool, ‘Up’ puts people in control of their future, allowing them to answer tough financial questions on their own, such as ‘do I have enough to retire?’, ‘can I give my kids the education they deserve?’, ‘can I afford to buy my own home?’, ‘do I have adequate insurance coverage?’, helping alleviate fear and anxiety, while making them better prepared to engage with banks and financial institutions. ‘Up’ brings the benefits of sound financial planning to all, regardless of financial literacy or income levels. 

The platform is available at app.upplan.sg. A mobile versions of the tool will be launched in the coming months.

For more information: https://www.dropbox.com/sh/aqh2gm2t6k5cbtf/AACwjHGNDRUsIV2voywkNBdKa?dl=0

MACAU, CHINA – Media
OutReach – 28 November 2019 – Galaxy Entertainment Group announced the appointment of Joey Pather, a
visionary conference and exhibition industry leader, as the Senior Vice
President of MICE Sector.

Joey Pather –
Senior Vice President of MICE Sector

 

Mr. Pather joins Asia’s most iconic and advanced MICE destination, Galaxy
International Convention Center (GICC) with over twenty years of hospitality
and MICE management experience.

 

In his new role Mr. Pather will be responsible for the overall vision and
strategic execution of Galaxy International Convention Center (GICC), as well as
develop its suite of MICE event solutions and venue management services to
drive demand optimization.

 

A tenured industry veteran, Mr. Pather has a demonstrated track record of
leading and strategizing conference and exhibition center development — from
planning, marketing and promotion to stakeholder relationships and operations
management.

 

“I am very excited and honored to start my new journey with Galaxy
Entertainment Group, and support the city’s vision of becoming a World Center
of Tourism and Leisure. I aim to ensure that Galaxy International Convention
Center solidifies its status and market leadership position by delivering best
in class facilities, functionality, technology and bespoke experiences.

 

Prior to joining Galaxy Entertainment Group, he was Chief Executive
Officer of Guangdong Tanzhou International Convention and Exhibition Centre
(GICEC) in Foshan. He helmed the world-class, purpose-built facility embracing
Asian flair and service culture from its opening in 2016, in association with
international expo and convention center leaders Deutsche Messe.

 

In recognition of his achievements and for his contribution to the
advancement of the MICE sector in southern China, he was honored with an
‘Excellent Entrepreneur Award’ by the Greater Bay Area (Guangdong-Hong
Kong-Macau) City Exhibition Cooperation Alliance

 

A firm believer in nurturing talents to deliver high quality events, he
was also an Official Mentor for the Greater Bay Area’s Exhibition Industry
Talent Cultivation Program, and recognized for his ‘Outstanding Contribution to
the Reform of a State-Owned Company in China’.

 

A native from South Africa, Mr. Pather holds an Executive MBA degree from
University of Cape Town Graduate School of Business.

About Galaxy Entertainment Group (HKEx stock code: 27)

Galaxy Entertainment Group (“GEG” or the “Group”) is one
of the world’s leading resorts, hospitality and gaming companies. It primarily
develops and operates a large portfolio of integrated resort, retail, dining,
hotel and gaming facilities in Macau. The Group is listed on the Hong Kong
Stock Exchange and is a constituent stock of the Hang Seng Index.

 

GEG is one of the three original concessionaires in Macau
with a successful track record of delivering innovative, spectacular and
award-winning properties, products and services, underpinned by a ‘World Class,
Asian Heart’ service philosophy, that has enabled it to consistently outperform
the market in Macau.

 

GEG operates three flagship destinations in Macau: on
Cotai, Galaxy Macau™, one of the world’s largest integrated destination
resorts, and the adjoining Broadway Macau™, a unique landmark entertainment and
food street destination; and on the Peninsula, StarWorld Macau, an award
winning premium property.

 

The Group has the largest undeveloped landbank of any
concessionaire in Macau. When The Next Chapter of its Cotai development is
completed, GEG’s resorts footprint on Cotai will double to more than 2 million
square meters, making the resorts, entertainment and MICE precinct one of the
largest and most diverse integrated destinations in the world. GEG is also
planning to develop a world class, lifestyle leisure resort on a 2.7 square
kilometer land parcel on Hengqin adjacent to Macau. This resort will complement
GEG’s offerings in Macau, and at the same time differentiate it from its peers
while supporting Macau in its vision of becoming a World Centre of Tourism and
Leisure.

 

In July 2015, GEG made a strategic investment in Société
Anonyme des Bains de Mer et du Cercle des Etrangers à Monaco (“Monte-Carlo
SBM”), a world renowned owner and operator of iconic luxury hotels and resorts
in the Principality of Monaco. GEG continues to explore a range of
international development opportunities with Monte-Carlo SBM including Japan.   GEG is committed to delivering world class
unique experiences to its guests and building a sustainable future for the
communities in which it operates.

 

For more information about the Group, please visit www.galaxyentertainment.com

 

About Galaxy
International Convention Center (GICC) and Galaxy Arena

Opening in the first half of 2021 in Macau, Galaxy
International Convention Center (GICC) is a new world class event facility
developed by Galaxy Entertainment Group. GICC extends the group’s
ever-expanding Galaxy Integrated Resorts, creating Asia’s ultimate integrated
Resort & MICE destination — and supporting Macau’s vision of becoming a
‘World Center of Tourism and Leisure’.

 

As Asia’s most iconic and advanced MICE destination,
Galaxy International Convention Center (GICC) is a world class event venue with
a total MICE space of 40,000m² for meetings, incentives, conferences
and exhibitions. Seamlessly integrated to GICC, Andaz Macau will offer over 700
uniquely appointed rooms and suites and will feature a dedicated check-in
lounge catering to large MICE groups, an Andaz lounge, a bar and restaurant,
state-of-the-art fitness center and an indoor pool. Additionally, the
16,000-seat Galaxy Arena is set to become Macau’s ultimate integrated
entertainment venue for world-tour concerts and spectacular large-scale
sporting events.

 

For more information, please visit: www.galaxyicc.com

Reform Management, Business Stable Growth and Maintain High Dividend Payout

 

Results
Highlights

(RMB million)	For the six months ended 30 September
	2019	2018	Change
Revenue	899	787	14.2%
Gross profit (before reversal of impairment of inventories)	561	453	23.8%
Gross profit margin (before reversal of impairment of inventories)	62.4%	57.6%	4.8%pts
Operating profit	247	229	7.9%
Operating profit excluding gains of investment segment	89	37	140.5%
Net profit attributable to owners of the Company	188	138	36.2%
Basic/Diluted earnings per share (RMB cents)	3.21	2.36	36.0%
Interim dividend and interim special dividend per share (RMB cents)	1.61	N/A	N/A

HONG KONG, CHINA – Media OutReach – 27 November
2019 – The leading international sportswear brand enterprise in the PRC, China Dongxiang (Group) Co., Ltd.
(“China Dongxiang” or “the Company”, together with its
subsidiaries, “the Group”, HKEx stock code: 3818) announces its interim
results for the six
months ended 30 September 2019 (the “Reporting Period”). The
Group registered revenue of RMB899 million for the Reporting Period,
representing year-on-year growth of 14.2%, while the net profit attributable to
owners increased by 36.2% to RMB188 million. Basic earnings per share increased
by 36.0% to RMB3.21 cents. The Board of Directors has proposed to distribute 30%
and 20% of the net profit attributable to owners for the six months ended 30
September 2019 as interim dividend and interim special dividend, respectively,
representing in aggregate a dividend payout ratio of 50%.

Operational Highlights during the Reporting Period

 

• China
  Segment: Reform Management and Business Stable Growth

During the first half of 2019, the brand enhanced its brand penetration in the
fashion market as it promoted its brand substance and philosophy through
cross-sector cooperation with celebrities and KOLs (key opinion leaders) in in
various sectors, such as entertainment, music and art, in ongoing
implementation of its integrated online and offline marketing strategy. During the Reporting
Period, the Group announced the official appointment of celebrated artist Zitao Huang as its brand ambassador, and the
brand embarked on a range of marketing activities focused on the ambassador. In
the meantime,
the Group hosted
and participated in fashion extravaganzas and sponsored various sporting
events, in a bid to
increase its brand and product exposure and develop its brand assets. In
addition, effects of the Group’s optimisation and reform of channels have
gradually become apparent. Strong sales growth was also reported at shopping
malls channel, as ongoing improvements were being made to the overall offline
store structure. In addition, the Group reported higher growth in overall
performance of outlet stores. During the Reporting Period, thanks to the Group’s implementation of a multi-platform
strategy, sales through Tmall and JD.com continued
to grow. Customers aged between 18 and 24 as a percentage of the brand’s
e-commerce customers increased by 16 percentage points to 50%.

 

During the first half of 2019, The Group’s kids
wear business continued to enhance its competitiveness in the kids wear market
through complementary branding activities and store promotions. The “Chinese
Football Boy” campaign remained a favourite of its fans, which attracted a huge
following among the media and the public. Video clips of relevant events have also
claimed more than 100 million clicks. For the Reporting Period, revenue
generated by the kids wear business reached RMB52 million, accounting for 6.9%
of the revenue from China segment.

 

As at 30 September 2019, the Group had a total
of 1,461 Kappa stores (including 285 Kappa Kid’s stores), representing a net
decrease of 43 stores as compared to that as at 31 March 2019 (a net decrease
of 33 Kappa stores and a net decrease of 10 Kappa Kids stores). For the next
step, the Group will further reduce the number of underperforming stores.

 

• Japan Segment: Diversification of Customer
  Base

The Group’s Japan business continued to undergo
reforms. During the Reporting Period, revenue from the Japan segment was substantially
in line with that for the corresponding period of last year. The Group
organised numerous marketing activities tailored to the characteristics of
local consumer spending in Japan, providing sponsorships to golfers in addition
to hosting footballing activities, in a bid to maintain stable sales by raising
consumer awareness for the brand and increasing the number of retail store
visitors. Meanwhile, the Group placed a strong emphasis on online promotion via
social media, with a view to broadening its reach to various customer groups
and further enhancing its brand value.

 

• Investment Segment: Enhancing Cooperation and
  Investing with Prudence

Since 2019, under the background of the gradual
cooling financial investment market and the increasing uncertainty of the
project, the overall valuation of the Group’s investment portfolio remains
stable. The Group continued to monitor the size and risks of investment assets with
a cautious and prudent approach. As of 30 September 2019, the Group reported a
net asset value of RMB8,882 million for its investments, representing a 2.5%
growth compared to 31 March 2019 and a 102% premium to the Group’s market
capitalisation for the corresponding period. The Group’s investment net gains
for the Reporting Period amounted to RMB166 million.

Mr. Chen
Yihong, Chairman and Executive Director of China Dongxiang, said, “Despite ongoing
volatility in the macro-market, the Group achieved stable growth in its Kappa
brand business, thanks to efforts in new customer development and the
introduction of the direct-franchise model which ensured sufficiency in product
supply. China Dongxiang will uphold the traditional spirit of the Kappa brand
and engage in product innovation and upgrade in close tandem with the fashion
trends of the market, capitalising on sound opportunities in the sporting
industry and making reasonable use of its resources to explore channels for
brand promotion and marketing, bringing long-term reasonable stable and
considerable returns to shareholders.”

About China Dongxiang (Group) Co., Ltd. (Stock code: 3818)

China Dongxiang (Group) Co., Ltd. is a leading
international sportswear brand enterprise in China which has been listed on the
Main Board of the Hong Kong Stock Exchange since 10 October 2007. The Group is
primarily engaged in the design, development, marketing and wholesale of
branded sportswear in China. Currently, China Dongxiang owns all rights to the
internationally renowned Kappa brand in China, Macau and Japan. On 1 May 2008,
China Dongxiang completed the acquisition of PHENIX, a Japanese sportswear
enterprise. PHENIX is the most popular ski brand in Japan with the largest
market share, as well as a well-known brand in the international market.

• The plan
  provides first-in-market coverage across all stages of re-diagnosed cancer
  or recurrent heart attack or stroke.
• AXA is the only insurer in the market to offer a
  diabetes management programme to its customers, reinforcing its commitment to
  be a long-term empowering partner to its customers.

SINGAPORE – Media OutReach –
27 November 2019 – AXA
Insurance today announced the launch of AXA Super
CritiCare, a critical
illness plan designed to provide all-rounded protection including multiple
payouts for early, intermediate and advanced stage critical illnesses up to a
total of 600% of the coverage amount, as well as support for customers to take
control of their health and well-being with a diabetes management programme,
which is the only such offering provided by an insurer.

“We are privileged
to live in an age where thanks to medical advancements, it is possible to
recover from critical illnesses. But many of us are also aware that the
possibility of recurring critical illness or being diagnosed with more than one
critical illness is very real,” said Sean Goh, Managing Director, Life, AXA
Insurance Singapore.

“With AXA Super
CritiCare, customers can make claims for more than one type of critical illness
regardless of the stage of the condition. We want our customers to be able to
focus on recovery, without having to worry about the financial impact of a
critical illness when it strikes.”

AXA Super CritiCare
is the first plan in the market to offer coverage across all stages of
re-diagnosed cancer or recurrent heart attack or stroke. Customers will receive
up to 100% of the coverage amount for each claim, not only at the advanced
stage of a relapse which is typical of many critical illness plans, but also
upon the early and intermediate stage of a relapse.

On top of financial
protection, the plan also aims to help customers who are diagnosed with
diabetes with critical illness prevention through a complimentary Diabetes Care
Programme. Poor control of diabetes can lead to serious complications and the
disease is often associated with other conditions, like high blood pressure and
high cholesterol, that increase the likelihood of critical illnesses.

“Recognising that
diabetes is a serious and growing health concern, with the number of diabetics
in Singapore expected to more than double from 440,000 in 2014
to one million by 2050^[1],
we want to contribute to the collective fight against this disease by
advocating better diabetes management with our programme. With a well-controlled
diabetes condition, we can help our customers reduce their risk of developing
health complications that may lead to serious critical illnesses that can
endanger their lives. This is in line with our commitment to be a long-term
partner to our customers, by empowering them to take control of their health so
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ABOUT AXA INSURANCE

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For more information, please visit www.axa.com.sg.

HONG KONG, CHINA – Media
OutReach –
27 November 2019 – MIPIM Asia Awards 2019, the leading regional property awards, otherwise
known as the “Oscars of the Asian real estate world”, announced winners in the
finale of the annual MIPIM Asia Summit on 27 November 2019 at Grand Hyatt Hong
Kong.

 

With a total of 33 trailblazing property
developments being recognised with this influential industry honour, the Gold
Award winners from the 11 award categories represent the truly outstanding and
best-quality real estate projects among Asia Pacific.

 

“Winning a MIPIM Asia Award has long been
established as one of the most prestigious prizes for real estate projects
across the APAC region,” said MIPIM Director Ronan Vaspart. “We celebrate the
developers, architects, government authorities and other property visionaries who
push the boundaries, break the rules, and make unimaginable possibilities the solid
realities of our skylines,” he added.

 

Founded in 2007, the annual MIPIM Asia Awards
celebrate the most technically impressive and inventive property developments
from across the APAC region, considering both finished developments and
un-built projects in the planning stage.

 

The jury, chaired this year by François Trausch,
CEO of Allianz Real Estate, Germany, reviewed a record total of 132 entries,
which were whittled down to the final 33 winners, drawn from 8 countries, by
the esteemed judging panel of 18 industry experts. The jury meeting was held
this year at naked Castle in Moganshan, Zhejiang Province, China, which was
Gold Winner of the MIPIM Asia Awards 2018 in the category Best hotel &
tourism development.

 

Members of the MIPIM Asia Awards Jury 2019 are:

–       François TRAUSCH, Allianz Real Estate, CEO, Germany [Chairman of
the Jury]

–       George AGETHEN, Ivanhoe Cambridge, Senior Vice President, Asia-Pacific,
Growth Markets, Hong Kong SAR

–       Margaret BROOKE, Professional Property Services Group CEO, Hong
Kong Heritage Chair, Hong Kong SAR

–       Henry CHENG, Chongbang Group, CEO & Executive Director,
China

–       Stanley CHING, CITIC Capital Holdings, Senior Managing Director,
Managing Partner & Head of Real Estate, Hong Kong SAR

–       Donald CHOI, Chinachem Group, CEO, Hong Kong SAR

–       Chris CHOW, LaSalle Investment Management, Managing Director,
Hong Kong SAR

–       Harvey COE, Ernst & Young, Partner & Head of Greater
China, M&A Real Estate, Hong Kong SAR

–       Alison COOKE, Starr International Investment Advisors (Asia)
Limited, Managing Director – Real Estate, Hong Kong SAR

–       Tripp GANTT, Washington State Investment Board, Investment
Officer Real Estate, USA

–       George HONGCHOY, Link Asset Management Limited, Executive Director
& CEO, Hong Kong SAR

–       Charles LAM, Baring Private Equity Asia, Managing Director,
Real Estate, Hong Kong SAR

–       Nicholas J. LOUP, Chelsfield, Group Vice Chairman, CEO Asia, Hong
Kong SAR

–       Ellen NG, Warburg Pincus, Managing Director, Hong Kong SAR

–       Benett THESEIRA, PGIM Real Estate, Head of Asia Pacific, Singapore

–       Shuji TOMIKAWA, Mitsui Fudosan Investment Advisors, Inc. (MFIA),
President, Japan

–       Nicholas WONG, The Townsend Group, Principal, Hong Kong SAR

–       Richard YUE, ARCH Capital Management Company Limited, CEO
& CIO, Hong Kong SAR

 

MIPIM ASIA AWARDS 2019 WINNERS

BEST GREEN DEVELOPMENT

GOLD

The
Quayside

Hong Kong, China

Architect: P&T Architects and Engineers Ltd.

Developer:
Link Asset Management Limited and Nan Fung Development Ltd.

Other: Ove
Arup & Partners Hong Kong Ltd. (Sustainability Consultant), WSP (Asia)
Limited (M&E Consultant), CL3 Architects Ltd. (Interior Designer)

SILVER

One
Museum Place

Shanghai, China

Architect: Gensler & Tong Ji Architectural Design

Developer:
Hines

Other:
Thornton Thomasetti, WSP, Hassell, RWDI, BEE, CDC, SMW, RJA, Persohn Hahn and
Shanghai Construction Group

 

BRONZE

NEX
Tower

Makati, Philippines

Architect: Skidmore Owings and Merrill

Developer:
Nova Group

Other:
Nova Construction, R. Villarosa

 

BEST HOTEL & TOURISM DEVELOPMENT

 

GOLD

Rosewood
Hong Kong

Hong Kong, China

Architect:
Kohn Pedersen Fox Associates (Design Architect), Ronald Lu & Partners
(Project Architect and Authorized Person)

Developer: New
World Development Co. Ltd.

Other:
Tonychi (Hotel Interior Designer), PLandscape (Hotel Landscape Designer), Urbis
Limited (Executive Landscape Designer), Lighting Planner Associates (Façade
Lighting Designer), Arc Light Design (Hotel Interior Lighting Designer), WSP
(MEP Engineer), Arup (Structural Engineer)

 

SILVER

Shimao
Wonderland Intercontinental Hotel

Shanghai, China

Architect: JADE+QA, Chief Architect Martin Jochman

Developer:
Shimao Group

Other: CCD
Interiors, BAM Landscape, ECADI Engineering

BRONZE

Morpheus
Hotel

Macau, China

Architect: Leigh & Orange Limited, Zaha Hadid Architects

Developer:
Melco Resorts and Entertainment

BEST INFRASTRUCTURE DEVELOPMENT

 

GOLD

Xiqu
Centre

Hong Kong, China

Architect: Ronald Lu & Partners, Revery Architecture

Developer:
West Kowloon Cultural District Authority

SILVER

The
National Kaohsiung Centre for the Arts

Kaohsiung, Taiwan, China

Architect: Mecanoo, Archasia Design Group

Developer:
Ministry of Culture (MoC)

 

BRONZE

Guardian
Art Centre by Ole Scheeren

Beijing, China

Architect: Buro Ole Scheeren

Developer:
China Guardian Auction (Beijing Huangdu Property Development Company Ltd.)

BEST
MIXED-USE DEVELOPMENT

GOLD

Tokyo
Midtown Hibiya

Tokyo, Japan

Architect: Hopkins Architects, Nikken Sekkei, Kajima Design

Developer:
Mitsui Fudosan Co.,Ltd

 

SILVER

Oasis
Terraces

Singapore

Architect: Multiply Architects LLP, Serie Architects (Architectural Design
Consultant)

Developer:
Housing & Development Board (HDB), MOH Holdings Pte. Ltd.

Other: KTP Consultant Pte. Ltd. (C&S
Engineer), Bescon Consulting Engineer Pte. (M&E Engineer), Northcroft Lim
Consultants Pte. Ltd. (QS), DP Healthcare Pte. Ltd. (Healthcare Consultant),
Light Cibles pte. Ltd. (Lighting Consultant), Alpha Acoustics Engineering Pte.
Ltd. (Acoustic Consultant), WNE Integrated Pte. Ltd. (Landscape Consultant),
Netatech Pte. Ltd. (ABC Water Consultant), Afogreen Build (Greenmark
Consultant)

  

BRONZE

Funan

Singapore

Architect: Woods Bagot

Developer:
CapitaLand Mall Trust

BEST OFFICE DEVELOPMENT

GOLD

China
Resources Tower

Shenzhen, China

Architect: Kohn Pedersen Fox Associates

Developer: China Resources

Other: China Construction Design International (Local Design Institute), Arup (Structural and Façade Engineer), WSP
(Formerly Parsons Brinckerhoff, M&E Engineer and Vertical Transportation Consultant),
Brandston Partnership Inc. (Façade Lighting Designer), MVA (Traffic Consultant)

SILVER

The
home of China Eastern Airlines

Shanghai, China

Architect: NIELSTORP+ Architects

Developer: China Eastern Airlines

Other: LDI (Local Design Institute): ECADI (East China Architectural Design
& Research Institute)

 

BRONZE

25
King

Brisbane, Australia

Architect: Bates Smart

Developer: LendLease

Other: Aurecon (Structural Engineer)

BEST REFURBISHED BUILDING

GOLD

Xintiandi
Plaza

Shanghai, China

Architect: UNStudio

Developer: Shui On Land

SILVER

Shanghai
Shimao Festival City

Shanghai, China

Architect: Kokai Studios

Developer: Shanghai Shimao Commercial Investment Co.,Ltd.

BRONZE

Bailian
Group Fashion Center YanQingLi

Shanghai, China

Architect: Stefano Boeri Architetti China, Stefano Boeri and Yibo Xu (Partners),
Pietro Chiodi (Project Director), Yifan Xu and Claudia Scaglioni (Project
Architect), Zhiyang Huang, Yitao Huang, Yifan Fei, Mengting Shi (Design Team)

Developer: Bailian Yingshi Enterprise Management Co. Ltd

BEST RESIDENTIAL DEVELOPMENT

GOLD

Dajia
Villa

Suzhou, China

Architect: Lacime Architects

Developer: Vanke Group

 

SILVER

PARK
WELLSTATE HAMADAYAMA

Tokyo, Japan

Architect: NIKKEN HOUSING SYSTEM LTD

Developer: Mitsui Fudosan Residential Co.,Ltd.

BRONZE

DUKES
PLACE

Hong Kong, China

Architect: PDP London, Ronald Lu & Partners

Developer: Couture Homes Properties Limited, Grosvenor Asia Pacific, Asia Standard
International Group Limited

Other: B.S.C. Group Limited

BEST RETAIL DEVELOPMENT

GOLD

ICONSIAM

Bangkok, Thailand

Architect: Urban Architect

Developer: ICONSIAM Company Limited

SILVER

MixC
Shenzhen Bay

Shenzhen, China

Architect: Lead8

Developer: China Resources Land

Other: Lead8 (Interior Designer)

BRONZE

LuOne

Shanghai, China

Architect: Safdie Architects

Developer: CapitaLand

BEST URBAN REGENERATION PROJECT

 

GOLD

Tsimshatsui
Waterfront Revitalization

Hong Kong, China

Architect: James Corner Field Operations (Project Lead and Design Landscape
Architect),

URBIS Limited
(Executive Landscape Architect), Ronald Lu & Partners (Project Architect and
Authorized Person), LAAB Architects (Design Architect of Harbour Kiosk, Mobile
Carts, and Garden Restroom)

Owner: HKSARG Leisure and Cultural Services Department

Developer
and Project Manager: New World Development Company Limited

Other: Eckersley O’Callaghan Ltd. (Event Trellis Structural Engineer), Speirs
+ Major (Lighting Designer), One Bite Design Studio Limited (Loose Furniture
Design), Ove Arup & Partners Hong Kong Ltd. (Structural Engineer of
Salisbury Garden), CM Wong & Associates Ltd. (Structural Engineer of the
Avenue of Stars), WSP (Asia) Ltd. (E&M Engineer), Shen Milsom & Wilke
Ltd. (HK) (Acoustic Consultant of the Avenue of Stars)

 

SILVER

Rongxin
Cangxia Parcel Project

Fuzhou, China

Architect: Shanghai JUND Architects Co., Ltd., John Shen

Developer: Fuzhou Rongxin Shuanghang Investment Development Co., Ltd.

 

BRONZE

Vipshop
Topchain Community

Guangzhou, China

Architect: ateliercnS, Gang Song, Guanqiu Zhong, Zhiyuan Zhu

Developer: Top Chain

Other: Zhanning Zhong, Rongjuan W, Zhe Duan, Wenyan Li, Huanyu Ma (DesignTeam)

BEST
FUTURA PROJECT

GOLD

Hangzhou
Gallium Valley Science Park

Hangzhou, China

Architect: LWK + PARTNERS

Developer: Hangzhou Gallium Valley Technology Co. Ltd.

 

SILVER

Yanlord Cangjie, Suzhou

Suzhou, China

Architect: Woods Bagot

Developer: Yanlord Land Group

 

BRONZE

Taopu
HERO Innovation Hub

Shanghai, China

Architect: Ennead Architects

Client: Shanghai Lingang Taopu Smart City Economic Development Co., Ltd.

Developer: Shanghai Rongying Real Estate Co., Ltd.

BEST
FUTURA MEGA PROJECT

 

GOLD

Integral

Guilin, China

Architect: Ronald Lu & Partners

Developer: Esquel Group

 

SILVER

Chengdu
Panda Reserve

Chengdu, China

Architect: SASAKI

Developer: Chengdu Tianfu Greenway Construction Investment Co., Ltd.

 

BRONZE

Shimao
Shenkong International Centre

Shenzhen, China

Architect: Woods Bagot

Developer: Shimao Group

Other: Adrian Smith + Gordon Gill Architecture (Architect of the 700-meter
tall tower)

 

SPECIAL JURY AWARD

The
National Kaohsiung Centre for the Arts

Kaohsiung, Taiwan, China

Architect: Mecanoo, Archasia Design Group

Developer:
Ministry of Culture (MoC)

For the photo of the winning projects, please
visit here

For additional information about the MIPIM Asia Summit and programme, please
visit here.

To register as press, please contact MIPIM Asia local PR
partner.

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About MIPIM Asia Summit

MIPIM Asia Summit is the annual property leaders’ summit in Asia Pacific
organised by Reed MIDEM, is widely seen as a “must-attend” event for leading
industry professionals. It features expert-led conference sessions, premium
networking accelerators and an exclusive awards gala dinner over a two-day
period. Distinguished speakers, senior executives, high-level business
professionals and industry experts from around the world will discuss the
latest developments and prevailing trends in the property and retail industry.
MIPIM — the world’s property market – is the leading and largest global
property event. The four-day event takes place annually in Cannes every March.
26,800 delegates attended in 2019 with 6,380 investors, and 100 different
countries being represented.

About Reed MIDEM:

Founded in 1963, Reed MIDEM is an organiser of professional,
international markets that are essential business platforms for key players in
the sectors concerned. These sectors are MIPTV, MIPDOC, MIPCOM, MIPJUNIOR in
Cannes, MIP China in Hangzhou and MIP Cancun in Mexico for the television and
digital content industries; MIDEM in Cannes for music professionals; Esports
BAR in Cannes and in Miami for the esports business; MIPIM in Cannes, MIPIM UK
Summit in London, MIPIM Asia Summit in Hong Kong SAR, MIPIM PropTech NYC in New
York, MIPIM PropTech Europe in Paris, MIPIM PropTech Asia in Hong Kong SAR for
the tech and real estate industry; MAPIC in Cannes, MAPIC Russia in Moscow,
MAPIC Italy and MAPIC Food in Milan, and MAPIC India in Mumbai for the retail
real estate sector. www.reedmidem.com

 

About Reed Exhibitions:

Reed Exhibitions is the world’s leading events organiser, with over 500
events in 30 countries. In 2018 Reed brought together over seven million event
participants from around the world generating billions of dollars in business.
Today Reed events are held throughout the Americas, Europe, the Middle East,
Asia Pacific and Africa and organised by 38 fully staffed offices. Reed
Exhibitions serves 43 industry sectors with trade and consumer events. It is
part of RELX Group, a global provider of information and analytics for
professional and business customers across industries.  www.reedexpo.com

New report calls for more vigilance on gold entering and exiting India

 

OTTAWA, CANADA – EQS Newswire – November 27, 2019 – IMPACT’s
new report reveals India to be one of the largest gold smuggling hubs in the
world.

 

As a result, gold that is tied to conflict, human
rights abuses, and corruption in Africa and South America is entering legal international
markets through India.

 

In its latest report, A
Golden Web: How India Became One of the World’s Largest Gold Smuggling Hubs, IMPACT uncovers how India imports approximately 1,000
tons of gold per year–a quarter more than official figures indicate. Some
enters as legal imports thanks to falsified paperwork.

 

“Actors across India’s gold industry are failing to do
proper checks on where gold comes from to ensure it’s not financing conflict
and human rights violations,” according
to Joanne Lebert, IMPACT’s Executive Director. “With its role as a leading global gold manufacturing centre, India must
take action to address the weaknesses in its gold supply chain.”

 

IMPACT’s research reveals that one third of the
world’s gold passes through India, the heart of the world’s gold manufacturing
sector. With its gold jewellery exports on the rise, India has become one of the
world’s leading trading hubs–with illicit gold entering country, being
transformed into goods, and leaving for international markets, including North
America.

 

The report identifies three primary factors which allow
a problem of this magnitude:

 

Tax breaks: To boost India’s refinery sector, the government introduced tax
breaks in 2013 for gold doré –also
known as unrefined gold. This has led to traders covering up questionable provenance
claims by falsifying documentation of gold doré
to take advantage of lower taxes. Gold doré
imports shot from 23 tons in 2012 to over 229 tons in 2015 as a result of
these tax breaks.

 

Falsified
origin documents: Gold doré imports have spiked, with the majority coming from producing
countries that lack strong internal controls or are linked to supply chains
with weak evidence of due diligence. Analysis of trade data reveals more declared
gold imports to India than some countries are capable of producing, such as in
the Dominican Republic and Tanzania, as well as instances of paperwork fraud
like in Ghana. In the case of the
Dominican Republic, as much as 100.63 tons of gold doré imported to India between 2014 and 2017 cannot be accounted
for in the country’s gold production.

 

Complicit allies: Refined
gold is being smuggled into India primarily from the United Arab Emirates, while
key traders and refiners in Africa’s Great Lakes region with links to India
have been identified as being part of the illicit gold trade.

 

To tackle the problem, IMPACT calls on India to take
immediate steps to:

 

1)    
Harmonize its taxes, including
between doré and refined gold to discourage
smuggling; and

2)    
Enhance regulatory controls at
the border to require additional, valid information for all imports of all
artisanal gold.

 

“India is at the heart of a web of the illicit trade of
gold, with threads spanning the globe and almost certainly financing conflict and
corruption. Authorities must take action to remove incentives for gold smuggling
and ensure the gold industry implements due diligence. Anyone buying India’s
gold jewellery should be asking questions about where that gold comes from to
have confidence in their supply chain,” adds Lebert.

 

IMPACT also calls on actors across India’s gold
industry to implement due diligence on their gold supply chains. Gold traders,
refiners, and jewellers have a responsibility to understand, mitigate, and publically
report on any risks in their supply chain–all the way back to the mine site.

 

Download the full report here: http://bit.ly/IndiaGoldenWeb

Image Link: https://bit.ly/2KZRcZf

Image link: https://bit.ly/37MBzOT

 

About IMPACT

IMPACT, formerly
Partnership Africa Canada, transforms how natural resources are managed in
areas where security and human rights are at risk. We investigate and develop
approaches for natural resources to improve security, development, and
equality. We are an independent non-profit collaborating with local partners
for lasting change. www.impacttransform.org