SHENZHEN,
CHINA – EQS Newswire – 15 November 2019 – In the first half of
2019, TCL Electronics’ (01070.HK) market share of TV shipment reached 14.3%, up
by 2.5 percentage points year-on-year in the global TV market. The company
surpassed LG to become No. 2 from No.3 in terms of market share (Source: Sigmaintell).
TCL Electronics is the only Chinese brand and the only company that has
achieved an increase in market share of sales volume among the top three
companies.

The company has made such an achievement are mainly
due to, on
one hand, in the first half of the year, sales volume of TCL brand TVs in China
increased by 6.9%, despite the retail sales volume of the overall PRC TV market
fell by 4.3%. On the other hand, the company continued to penetrate the
overseas markets. During the period, sales volume
of TCL brand TVs in overseas markets significantly increased by 49.8%
year-on-year to 7.07 million sets. Moreover, the sales volume in various
overseas markets remained strong growth. Not only the sales volume in North
American markets jumped by 75% year-on-year in the first half of 2019, with its
market share in terms of TV sales volume ranked No.2 in the US market, but also
the sales volume growth reached 28.8% in emerging markets, which include South
America, Australia, India, and Southeast Asia, and etc.

In
fact, TCL Electronics has entered the Indian market for more than a decade. Although
it went through some ups and downs, TCL Electronics decided to “Go Global
Again” in 2015 and restarted its business in India next year.

Thanks
to the well-established branding and user bases for more than ten years, as
well as all-rounded sales and after-sales systems, TCL Electronics rapidly developed Indian market. As of March 2019, India
had a population of 1.34 billion, a second large population after China, and
its total GDP ranked No.7 in the world in 2018. According to GfK, the current Indian
TV market capacity is 12.5 million sets, which only accounts for a quarter of
China. It is a large market with great growth potential.

In
order to explore and to achieve full coverage from manufacturing to sales in the
Indian market, TCL Electronics and CSOT have built the
first module integrated intelligent industrial park in Andhra Pradesh, South
India, at the end of 2018. The industrial park will cover the production of
32-inch to 65-inch TVs with capacity of 6 million sets per year, which not only
meet the local needs of TCL brands, but also provide ODM services to other
brands.

The
huge investment brings fruitful business
performance. TCL TV sales volume surged by 258% and 216.8% year-on-year in 2018
and in the first half of 2019 respectively in Indian market. Moreover, in the
first three quarters of this year, its market share remained the top five in
Indian TV market (Source: GfK). At present, the company covers about 3,000
offline supermarkets and chain stores in the country, as well as it covers
several online channels, such as Amazon, Reliancedigital, Croma and etc. The
uptrend has aroused the attention of other TV manufacturers, such as Samsung
and LG.

Besides
India, Indonesia, the world’s largest island country, is also a promising market. As of March 2019, Indonesia has a population
of 268 million, accounting for nearly half of the population of Southeast Asia,
ranking No.4 in the world. The development potential of Indonesian market cannot
be underestimated due to its GDP exceeded US$1 trillion and ranked No.16 among
the world in 2018.

The
large amount of population has attracted consumer electronics enterprises,
including TCL Electronics, to invest in Indonesia. The company has been
actively prepared both online and offline sales channels
in the Indonesian market. At present, the company’s active online channels
mainly cover Lazada, JD. ID, Shopee, and etc., and the main offline channels are
Giant, Hypermart, etc. Therefore, the sales volume soared by 109.5% in
Indonesian market in the first half of 2019 year-on-year.

Population
is the biggest potential and advantage in both India and Indonesia. TCL
Electronics has absolute advantages on sales channels, capacity, all-rounded
sales and after-sales layout and global brand awareness. Therefore, it is
expected that TCL Electronics has a bright future on its growth of sales volume
and business performance in these countries.

SINGAPORE – Media OutReach – 15 November 2019 – Cashwagon, a fintech company,
offering a broad range of consumer financial products to those who are
underserved by traditional financial services, has been recognised for
excellence in Fintech with two industry awards, at the International Business
Magazine Awards in Sri Lanka recently. Selected for its unique ecosystem that offers
unparalleled convenience to customers when it comes to financial products, Cashwagon
Sri Lanka managed to bag the Fastest Growing Fintech Company Award, affirming its
commitment to offer innovative and affordable financial solutions that meet
customers’ needs. Cashwagon had previously raised US$29
million in Seed Round and Series A funding rounds from global investors.  

This award is not only a testament to Cashwagon’s
relentless drive to foster innovation by seamlessly connecting their customers
and lending partners. The award also recognises the team’s exemplary work in bringing
positive impact to the society, which also includes their Corporate Social
Responsibility (CSR) focused initiatives in Sri Lanka.

As part of Cashwagon’s continued CSR
focus towards children, Cashwagon Sri Lanka initiated its 7th overall CSR
campaign on World’s Children Day, in gifting valuable items in need to two
Rural schools in the Island. Namely, Kumbukwewa Maha Vidyalaya and Hilogama
Maha Vidyalaya were gifted with musical instruments and stationary items for
the children in these schools. As part of Cashwagon’s mission to drive
financial literacy and education, Cashwagon Sri Lanka also donated
computers and furniture for computer classes and the staff of the company was involved in renovating the
computer rooms of these schools, providing the proper start for school student,
to help their digital and computer education.

Recently, Cashwagon Sri Lanka also
scooped the Best Use of Technology in Finance Sector Award by the South Asian
Business Excellence Awards 2019. Sri Lanka was the first country where
Cashwagon started the business in April 2017 and was the first fintech company
in Sri Lanka to obtain ISO certification. Till date, the platform connected 200,000
borrowers with lending partners, which disbursed more than 730,000 loans within
Sri Lanka. The company prides itself as a fintech pioneer in the Sri Lankan
market and was one of the first digital platform to introduce rapid online
consumer financial services for underserved people.

For more information:

https://www.dropbox.com/sh/v9h55zvuk7etotf/AADofPegVN-YUV-HKLNyxUQ7a?dl=0

HONG KONG, CHINA – Media OutReach – 15 November 2019 – The
MIPIM Startup Competition 2020 Edition will be co-hosting the event with global
real estate tech partner, MetaProp NYC, for the fifth consecutive year to
reveal the most promising and innovative startups that provide groundbreaking
solutions to urban challenges around the world.

The MIPIM Startup Competition 2020 edition will make its last stop during
MIPIM PropTech Asia in Hong Kong on 27 Nov 2019 where the shortlisted finalists
will pitch their ideas to propagate innovative business models to a thriving
real estate ecosystem. Winning entrants will be
invited to compete in the global MIPIM Startup Competition finals with other
finalists from Europe and New York, at the flagship MIPIM summit which will
take place on 10-13 March 2020 in Cannes, France.

The finalists of each city will be granted pitching opportunity at
MIPIM 2020 with direct access to key decision makers as well as personalized
coaching from MetaProp NYC Founders. There will also be pre-booked meetings
with interested VCs and accelerators, allowing these start-ups to have
remarkable opportunities to scale-up and further develop.

After fierce rounds of deliberation, MIPIM PropTech Asia has shortlisted
the following finalists:

For
more information on MIPIM Startup Competition 2020 Edition, see www.mipim.com/startup-competition .

About Reed MIDEM

Demonstrated Development Plans to become a Global Integrated Resorts Operator

MACAU, CHINA – Media OutReach – 15 November 2019 – Suncity Group has long been committed to
providing high-end VIP services, and through Suncity Group Holdings Limited
(1383.HK), it has been actively expanding its global hotel and integrated
resort management business as a core development. In order to let the public to
better understand the development status of the Group’s integrated resorts,
Suncity Group participated in the “MGS Entertainment Show 2019” held between
November 12-14 in Cotai Expo in The Venetian Macao, during which the Group
showcased its first integrated resort project HOIANA.

Suncity Group Participated in MGS Entertainment Show 2019

HOIANA

Hoiana Shores

Model of HOIANA

HOIANA, a joint venture between VMS Investment Group,
VinaCapital and Suncity Group Holdings Limited (1383.HK), is expected to open
in the first quarter of 2020. Located in Quang Nam Province, Vietnam, the
project is only 40 km from Danang International Airport and is located near to
famous tourist attractions such as Hoi An Ancient Town and My Son Sanctuary.
The multi-phased development will eventually cover an area close to 10km².

The first operation phase of HOIANA will feature
a casino that holds live tables, electronic gaming machines and more than 1,000
hotel rooms. The hotel accommodations are managed by Rosewood Hotel Group,
including the fashionable hotel KHOS Hoiana. KHOS is a re-imagination of the
hotel experience for the very different way travellers live, work, travel, and
socialise in the connected digital world of today. In addition, HOIANA will
welcome three other hotel brands including Hoiana Hotel and Suites, New World
Hoiana Hotel & Residences and Rosewood Hoi An, to fully satisfy the needs
of different types of guests.

As the first large-scale integrated
resort in the area, one of the most special features of HOIANA is the 4km
coastline, where a unique Beach Club will be built. HOIANA also offers a
variety of entertainment such as an 18-hole golf course, designed by the famous
architect Robert Trent Jones Jr. More F&B and retail brands will be
introduced, along with exciting performances and entertainment activities for
both gaming and non-gaming guests. Suncity Group is confident that HOIANA will
become the finest entertainment hub in Southeast Asia, bringing positive
benefits and sustainable development for the Group.

In 2019, Suncity Group Holdings
Limited (1383.HK) has also successfully acquired partial stakes of Summit
Ascent Holdings Limited (102.HK), and will participate in the development of future
phases of Tigre de Cristal Resort & Casino in Russia. Suncity Group Holdings
Limited (1383.HK) has also recently announced the acquisition of a majority
stake in Suntrust Home Developers Inc (SUN:PM), who is going to develop a hotel
& casino project in Entertainment City in Manila, the Philippines. The gross
floor area of the project covers approximately 180,000 m². The
project will include approximately 400 hotel rooms, 400 gaming tables and 1,200
slot machines, and will be complemented with other facilities such as theatres
and shopping malls built by Westside.

Since its establishment in 2007,
Suncity Group is resolute in adhering to the spirit of “Innovation with
diversity, strive for success”, while dedicated to achieve a flourishing
development of integrated VIP entertainment, covering 6 core sectors including
VIP services, entertainment, global tourism, food and beverage, luxury fashion
and hotel and integrated resorts management. In the future, Suncity Group will
continue to invest in integrated resort projects overseas, providing
diversified entertainment choices for guests so as to consolidate its leading
position in the industry.

High-resolution images can be
downloaded in the gallery:

https://dropbox.suncity-group.com/url/mgs2019

About Suncity Group

Suncity Group was
founded in 2007. Since establishment, Suncity Group has been striving to
provide the extraordinary VIP entertainment service for our guests, and we then
opened a number of VIP Clubs in various 6-star hotels and resorts throughout
Macau with the rapid growth of our business. Meanwhile, we successively set up
exclusive VIP Clubs in Manila, Seoul, Incheon, Phnom Penh and Da Nang, etc.

Adhering to the
spirit of “Innovating With Diversity, Striving For Success”, Suncity Group
spared no effort to develop high-end entertainment services and products as
well as roll out global VIP loyalty program for the selected members to enjoy
entertainment, travel, catering services, luxury shopping and motion picture.
Today, the scope of our business covers most sectors, especially in the fields
of global travel, film production, concert and event planning, catering and
luxury goods.

As a Macau born and
bred enterprise, Suncity Group is not only devoted to develop the Asian market,
but also oriented to expand the global network. In the future, we will surely
continue to diversify our VIP entertainment services, attract more exclusive
members and make every effort to promote our business in every corner of the
world.

Official website | www.suncitygroup.com.mo/en

Energy needs to have the same investment as Telecommunications

CAPE TOWN, SOUTH AFRICA – Media OutReach – 15 November 2019 – Isabel dos Santos appealed
for the need of a strong investment in the Energy sector in Africa, so that the
5G network is a reality on the continent. “Telecom operators are eager to
deploy the 5G network, but that requires a strong investment in Energy, just as
it happened in Telecommunications.”

The businesswoman was speaking as Unitel’s
representative at AfricaCom 2019, one of Africa’s largest Technology and
Telecommunications conferences, in Cape Town. “I would like to see in the
Energy sector the same thing that happened in the Telecommunications sector: a
big investment from the private sector.” And she added: “Today we are 1.2
billion people in Africa, by 2050 we will be 2.4 billion – more than in China.
The investment required in infrastructure is huge”.

Isabel dos Santos said that Unitel, the largest
mobile operator in Angola, has invested for the past 20 years over US $ 2.2
billion in fiber optic cables, through private money. “Today we have 14,000 km
of optical fiber, we promote the expansion of the internet nationwide with one
of the most modern telecommunications networks in Africa. We bring people
together, we bring companies together, we support business and we see our
country grow, develop and compete internationally”, she said. “It is important
that companies and governments work together. If African governments create
business models, it will stimulate positive investment environments.”

Building a large e-commerce platform is one of
Africa’s biggest opportunities

“Africa has to build a big e-commerce platform,
which will bring great opportunities. There are fewer barriers, costs go down
and we will be able to communicate our product better and to a much larger
audience.” While highlighting the value of e-commerce, the businesswoman also
said that “the next big companies in Africa will be largely driven by digital
economy and e-commerce”.

Talking about digital development, Isabel dos
Santos stressed that “there needs to be infrastructure, markets and financial
services that support it”.

AfricaCom is one of the largest and most
relevant technology events on the African continent. The conference brings
together some of the top experts in the Technology and Telecommunications
sector, over 450 business leaders and around 15,000 visitors to the trend
debate and search for solutions to today’s technology challenges. The 2019
edition takes place from 12 to 14 November in Cape Town (Cape Town
International Convention Center – CTICC), South Africa, and this year presents
for the first time the edition of AfricaTech, which comes to answer to the need
for discussion and deepening of issues relevant to the sector and emerging on
the global agenda, such as Artificial Intelligence, the Internet of Things,
Fintech, or Blockchain.