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Vietnam Pavilion: A Gateway to International Business Opportunities for European Enterprises


HANOI, VIETNAM – Media OutReach Newswire – 12 November 2024 – The European – Vietnam Free Trade Agreement (EVFTA), which was officially signed in 2019, has marked a significant milestone in strengthening economic cooperation between the two regions. To facilitate international businesses, particularly European enterprises in accessing products information, finding business partners and expanding into the Vietnamese market, the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade of the Socialist Republic of Vietnam is proud to introduce the Vietnam Pavilion on Alibaba.com e-commerce platform.

Vietnam Pavilion: A Gateway to International Business Opportunities for European Enterprises

For more information and to explore the Vietnam Pavilion, please visit: https://sale.alibaba.com/p/vietnampavilion-vnfeaturedbusiness/index.html

The Vietnam Pavilion is not only a showcase for high-quality, reputable products bearing the “Made in Vietnam” label but also a gateway for international businesses to explore cooperation opportunities with Vietnamese enterprises. With a diverse product range encompassing agricultural products, food, handicrafts, furniture, pharmaceuticals and more, the Vietnam Pavilion is an attractive destination for European businesses seeking opportunities to expand their operations in Vietnam and Southeast Asia region.

Through the Vietnam Pavilion, European businesses will benefit from:

Access to products at competitive prices: Thanks to the EVFTA, tariffs on 90 per cent of goods exported from Vietnam to Europe have been reduced or eliminated. This significant reduction in trade barriers makes Vietnamese products much more affordable, giving European businesses a price advantage compared to sourcing from other regions. Products from Vietnam, ranging from textiles to agricultural goods, now come at highly competitive prices.

Quality-assured products: Businesses exhibiting at the Vietnam Pavilion are carefully selected by the Vietnam Trade Promotion Agency and Alibaba.com e-commerce platform. This ensures that only companies meeting strict standards are included. Products offered have transparent origins and come with internationally accredited certifications. Therefore, buyers can be confident in the origin of the goods.

Trade opportunities with Southeast Asia enterprises: By connecting with Vietnamese companies through the Vietnam Pavilion, European businesses open doors to broader opportunities in Southeast Asia – a dynamic economic development region. Vietnam is strategically located within the ASEAN region, and many suppliers have strong regional networks. This enables European businesses tapping into a growing, interconnected market with competitive pricing and diverse product offerings. Enterprises from Europe therefore can enhance their supply chain flexibility and market reach.

It can be said that the Vietnam Pavilion on Alibaba.com e-commerce platform serves as a gateway for European businesses to access high-quality Vietnamese products at competitive prices and opens up a new trade channel in Southeast Asia.

With support from the Vietnam Trade Promotion Agency and Alibaba.com e-commerce platform, the Vietnam Pavilion will serve as an ideal platform for European businesses to grow their operations, strengthen their gobal supply chains and expand into international markets.

For more detailed information and support, please visit:

https://sale.alibaba.com/p/vietnampavilion-vnfeaturedbusiness/index.html

We look forward to collaborating with European businesses through the Vietnam Pavilion project on the Alibaba.com e-commerce platform.

Vietnam Trade Promotion Agency – Ministry of Industry and Trade of the Socialist Republic of Vietnam

Address: 20 Ly Thuong Kiet Street, Hoan Kiem District, Hanoi, Vietnam

Website: https://vietrade.gov.vn/

The issuer is solely responsible for the content of this announcement.

Laos to Enforce Ban on Unregistered, Unlabeled Food Products in 2025

Laos to Enforce Ban on Unregistered, Unlabeled Food Products in 2025
Importers, wholesalers, and local manufacturers must ensure that all products are registered with the Department of Food and Drug and labeled in Lao by 31 December. (photo credit: Lao PDR Trade Portal)

The Lao Ministry of Industry and Commerce has announced new regulations, requiring all food products to carry proper registration, Food and Drug Department (FDD) numbers, and Lao-language labeling, to ensure consumer safety, to be in effect from 1 January 2025.

VinFast secures top market position in Vietnam


HANOI, VIETNAM – Media OutReach Newswire – 12 November 2024 – VinFast announced it has delivered more than 11,000 electric vehicles (EVs) to domestic customers in October, bringing its total sales since the beginning of the year to over 51,000 EVs. This positions VinFast as the best-selling automotive brand in the Vietnamese market for October and the first ten months of 2024. VinFast is confident in maintaining its domestic leadership and contributing to the green transition of Vietnam’s transportation sector.

Since the beginning of the year, VinFast has delivered over 51,000 EVs in the Vietnamese market, officially becoming the best-selling automotive brand in the country.
Since the beginning of the year, VinFast has delivered over 51,000 EVs in the Vietnamese market, officially becoming the best-selling automotive brand in the country.

Following strong sales in September 2024, VinFast continued its momentum in October by delivering more than 11,000 EVs—a 21% increase over the previous month. The VF 3 and VF 5 were the top-selling models, with nearly 5,000 EVs and over 2,600 EVs sold, respectively.

Since the beginning of the year, VinFast has delivered over 51,000 EVs in the Vietnamese market. With a substantial number of pre-orders, large-scale production capacity, as well as a continuously expanding network of dealership and charging stations nationwide, VinFast is confident in maintaining its top position in the Vietnamese market and further widening its lead over competitors.

VinFast becoming the best-selling car brand in its domestic market marks a significant breakthrough for Vietnam automotive industry. In just over five years since market entry, VinFast managed to not only establish a firm foothold but also overtake foreign competitors to secure the largest market share. Notably, VinFast is also the first electric vehicle brand to surpass gasoline-powered competitor to become the market-leading brand, just two years after its transition to a pure-play brand.

VinFast’s remarkable growth is a testament to the capabilities and resilience of the Vietnamese people in high-tech industry, and underscores strong consumer support for eco-friendly, smart electric vehicles. Vietnam is now among the few countries where domestic auto sales are led by a pure-play EV company.

VinFast secures top market position in Vietnam

Reflecting on this historic milestone, Mr. Pham Nhat Vuong, Chairman of Vingroup and CEO of VinFast Global, shared: “Achieving this milestone is, first and foremost, thanks to the support of hundreds of thousands of VinFast customers—those who have pioneeringly backed a young Vietnamese brand, who have shown patience in using our products, and have provided invaluable feedback to improve VinFast’s products and services from the start. Their insights and support have helped VinFast make improvements in product and service quality to reach where we are today. On behalf of all employees at Vingroup and VinFast, I extend my deepest gratitude to every VinFast customer and pledge that we will not rest on our current achievements. We will continually strive to research and implement solutions to elevate our product and service quality to increase customer satisfaction even further. I’d also like to thank the entire VinFast and Vingroup team for their resilience in overcoming numerous challenges and doubts. Together, we have wholeheartedly and creatively fulfilled our mission.

Currently, VinFast offers seven electric vehicle models across all segments in the Vietnamese market, from mini-SUVs to E-SUVs, with competitive pricing options that cater to diverse customer needs and remain attractive compared to gasoline vehicles in the same segment. VinFast is also actively expanding internationally, strengthening its presence in multiple countries and regions worldwide to contribute to the global shift toward electric mobility.

The Company also announced that it will release its 3Q24 financial results before the market opens on November 26, 2024. On the same day, VinFast’s management will hold a live webcast to discuss the Company’s business performance and strategy. Details for the call are below:

What: VinFast Q3 2024 Financial Results and Q&A Webcast
When: Tuesday, November 26, 2024
Time: 8:00 a.m. Eastern Standard Time
Live webcast: https://edge.media-server.com/mmc/p/5725mupo

A replay of the webcast will also be made available on the Company’s website.

For additional information, please visit ir.vinfastauto.us.

Investor Relations Email: ir@vinfastauto.com
Hashtag: #VinFast #EVs #VF3 #VF5 #topmarket

The issuer is solely responsible for the content of this announcement.

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play EV manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, EMEA and Asia. Learn more at:

CCM Costume Rental Launches Newly Revamped Website To Streamline Customer Experience

SINGAPORE – Media OutReach Newswire – 12 November 2024 – CCM Costume Rental, Singapore’s premier costume rental service, is excited to announce the launch of its newly revamped website, designed to provide customers with a seamless, user-friendly experience when searching for costumes for any event. Featuring an expanded online catalogue, customers can now find the perfect costume with ease, whether it’s for a corporate function, themed party, or a quick social media post.

With thousands of costumes available, the updated platform is designed to meet the needs of both individual and corporate clients, responding to the increased demand for convenient, high-quality costume rentals. The new site offers a streamlined browsing experience and an intuitive interface, allowing customers to quickly browse, select, and order costumes from the comfort of their homes or offices.

Enhanced user experience and upgraded features to meet growing customer demand
“We’re thrilled to unveil our new website, which reflects our commitment to enhancing customer satisfaction and expanding our service capabilities,” said Hasyna Neo, Head of Rental of CCM Costume Rental. “Our upgraded platform is part of our ongoing effort to make costume rental a hassle-free, enjoyable experience for everyone.”

Whether customers need costumes for a themed dinner, a special event, or the latest TikTok trend, CCM Costume Rental provides a diverse selection to suit any occasion. The website also showcases the company’s unique Costume on the Move service, which brings costumes directly to offices for convenient fittings and tailored sizing, complete with free delivery and supported by in-house seamstresses to ensure a perfect fit every time.

For more information and to explore the upgraded catalogue, visit https://ccm.com.sg/ today.

Hashtag: #CCM

The issuer is solely responsible for the content of this announcement.

CCM Costume Rental

CCM Costume Rental is Singapore’s premier costume rental service, offering an extensive collection of meticulously maintained costumes for any themed event, from corporate functions to private parties. With our unique Costume on the Move service and in-house seamstress team, we provide convenient fittings and tailored sizing solutions to ensure a perfect fit. At CCM Costume Rental, we pride ourselves on delivering not only high-quality costumes but also exceptional customer service. Visit us today and experience the magic of dressing up!

Japanese Embassy Leads High-Level Meeting to Tackle Laos’ Illicit Drug Challenges

High-Level Meeting of the Illicit Drug Sector Working Group and the Mini-Dublin Group 2024
High-Level Meeting of the Illicit Drug Sector Working Group and the Mini-Dublin Group 2024

On 8 November 2024, a high-level meeting took place in Vientiane to address the ongoing challenges posed by illicit drug production, trafficking, and usage in Laos. 

The event, co-hosted by the Japanese Embassy in Laos, the Lao National Commission of Drugs Control and Supervision (LCDC), and the United Nations Office on Drugs and Crime (UNODC), aimed to review and advance Laos’s efforts to combat the illicit drug sector. The meeting gathered stakeholders to discuss the progress of the National Agenda for Drug and Precursor Chemical Control 2021-2023, which has been extended through 2025 to address these pressing issues.

The National Agenda focuses on enhancing law enforcement, bolstering preventive measures, and strengthening international cooperation to curb drug-related challenges. Laos, situated along key trafficking routes and with porous borders, faces significant hurdles in controlling the flow of illicit drugs. The meeting also addressed the coordination efforts among development partners and emphasized the need for a balanced approach, integrating sustainable development with effective drug control.

Through the Round Table Mechanism, the Illicit Drug Sector Working Group and the Mini-Dublin Working Group facilitate collaboration between various stakeholders, ensuring a unified approach in addressing the issue. Japan, which has been co-chairing the Illicit Drug Sector Working Group with Australia since 2007, continues to play a vital role in supporting Laos’s anti-drug efforts.

“Japan has long been committed to supporting Laos’s socio-economic development. We understand that a balanced approach, integrating both sustainable development and effective drug control, is essential. To this end, Japan will continue its assistance through both bilateral channels and Japan-ASEAN initiatives to help Laos address the obstacles posed by illicit drugs,” said Tsutomu Koizumi, Ambassador of Japan to Laos.

The meeting was attended by Pol. Maj. Gen. Khamking Phouilamanivong, Deputy Minister of the Ministry of Public Security; Tsutomu Koizumi, Ambassador of Japan to Laos; Masood Karimipour, UNODC Regional Representative for Southeast Asia and the Pacific; Lao government authorities; and Ambassadors and representatives of development partners.

Looking ahead, the meeting reviewed the National Agenda’s progress, discussed emerging issues, and provided strategic guidance for 2025. The discussions will help align Laos’s anti-drug efforts with the 10th National Socio-Economic Development Plan, ensuring a comprehensive and coordinated approach to tackling illicit drugs and supporting socio-economic development.

Soundcore Wireless Bluetooth Earbuds — The Perfect Christmas Gifts


HONG KONG SAR – Media OutReach Newswire – 12 November 2024 – Anker Innovations’ premium audio brand, Soundcore, has recently launched two revolutionary new audio products in Hong Kong for the upcoming holiday season: the Liberty 4 Pro true wireless earbuds featuring Soundcore’s most advanced Adaptive ANC (Active Noise Cancellation) system, and the lightweight and portable Space One Pro noise-cancelling headphones.

Soundcore Liberty 4 Pro - Black (left) and White (right).
Soundcore Liberty 4 Pro – Black (left) and White (right).

With Christmas just around the corner, the gift-giving season is here! Every year, finding the perfect gift can be a challenge—what’s the best option? Soundcore’s new headphone series offers both practicality and thoughtfulness, making it a top recommendation for Christmas gifts.

Liberty 4 Pro: Unbeatable sound quality with powerful noise reduction

Price: HK$1,299

The Liberty 4 Pro offers an unparalleled listening experience for music lovers with its elegant design and powerful noise reduction capabilities. The earbuds are equipped with six microphones and a barometric pressure sensor to achieve deep noise cancellation in any environment. Its adaptive noise cancellation system adjusts three times per second based on changing surroundings, ensuring optimal noise reduction.

Additionally, the Liberty 4 Pro comes with a charging case that features a built-in display, allowing users to easily check their settings. The touch bar design simplifies operation, letting users easily adjust noise cancellation strength or audio quality.

These earbuds support high-fidelity sound quality and offer fast charging capabilities. Just five minutes of charging provides up to four hours of playtime. When fully charged, they offer 10 hours of playtime (40 hours total with ANC off) and 7.5 hours with ANC enabled (30 hours total).

Space One Pro: The Noise-Cancelling Expert for On-the-Go Use

Price: HK$1,499

The Space One Pro headphones are designed for travelers, featuring an innovative FlexiCurve™ structure that allows them to fold to half their size for easy storage, saving up to 50% space. Their four-stage noise cancellation system and six microphones can detect and eliminate noise in real-time, together with 40mm triple composite diaphragms dynamic drivers, providing an immersive listening experience.

With active noise cancellation activated, the Space One Pro has a battery life of up to 40 hours; when turned off, it can last up to 60 hours. It also supports USB-C fast charging, providing eight hours of playtime from just a five-minute charge. These headphones are equipped with 4 mic and AI algorithm, ensuring clear calls and effortless interaction in any environment.

Whether you’re looking for a Christmas gift for friends and family or a personal music companion, the Soundcore Liberty 4 Pro and Space One Pro are fantastic options. They not only highlight cutting-edge technology but also elevate your everyday music experience.

Hashtag: #Soundcore

The issuer is solely responsible for the content of this announcement.

Soundcore

Soundcore, an Anker Innovations brand, creates audio products that help spark emotions through music. This includes premium noise-cancelling TWS earbuds and headphones, smart wearable audio devices, and Bluetooth speakers. For more information, please visit soundcore.com.

Anker Innovations

Anker Innovations is a global leader in charging and home energy storage, and a developer of unique, consumer electronic products that support premium audio, mobile entertainment and the emerging smart home space. This innovation is being led by its seven key brands: Anker, AnkerWork, AnkerMake, Eufy, Nebula, SOLIX and Soundcore. More information on Anker Innovations and its various brands can be found at .

The Anker Logo is a registered trademark of Anker Innovations.

DISCLAIMER
Statements in this news release that are not statements of historical fact may include forward-looking statements regarding future events or the future financial performance of the company. We wish to caution you that such statements are just predictions and that actual events or results may differ materially. Forward-looking statements involve a number of risks and uncertainties surrounding competitive and industry conditions, market acceptance for the company’s products, risks of litigation, technological changes, developing industry standards and other factors related to the company’s businesses. The actions referred to in this press release are not an admission or acknowledgement of any claim or allegation. The Company reserves all of its rights.

SUNeVision, Green Valley Landfill and CLP Power Announce the Launch of Renewable Energy Solution in Hong Kong

Purchase of CLP Power’s Renewable Energy Certificates Exclusively Linked to GVL’s Solar Farm


HONG KONG SAR – Media OutReach Newswire – 12 November 2024 – SUNeVision Holdings Ltd. (“SUNeVision”; SEHK: 1686), the largest data centre provider in Hong Kong and the technology arm of Sun Hung Kai Properties Ltd. (“SHKP”; SEHK: 0016), in strategic partnership with Green Valley Landfill Limited (GVL) and CLP Power Hong Kong Limited (CLP Power), Hong Kong’s major power utility, jointly announced the launch of the renewable energy solution in Hong Kong. This collaboration underscores the companies’ united commitment to delivering a green solution and promoting sustainable business development to mitigate environmental impact and foster a greener digital economy, in support of the HKSAR Government’s Climate Action Plan 2050.

Ms Helen Lo (left), Director of Commercial at SUNeVision, receives a site-specific CLP Renewable Energy Certificate representing the environmental attributes generated by the solar farm, presented by Ms Lena Low (right), Senior Director of Customer Success and Experience at CLP Power, and Mr Carl Lai, Project Manager of GVL.
Ms Helen Lo (left), Director of Commercial at SUNeVision, receives a site-specific CLP Renewable Energy Certificate representing the environmental attributes generated by the solar farm, presented by Ms Lena Low (right), Senior Director of Customer Success and Experience at CLP Power, and Mr Carl Lai, Project Manager of GVL.

SUNeVision has inked a 6-year agreement with CLP Power to purchase the site-specific CLP Renewable Energy Certificates (RECs). Each unit of electricity in a REC represents the environmental attributes generated by the solar farm operated by GVL. The environmental attributes will be linked to a portion of the energy consumption of SUNeVision’s data centre campus. GVL’s solar farm is located at the South East New Territories (SENT) Landfill in Tseung Kwan O. The project is planned to commence in the first half of 2025. The solar farm is estimated to generate 1,200,000 kWh of renewable electricity annually. This will result in a reduction of around 468 tonnes of carbon emissions a year, equivalent to the CO2 absorption of about 20,000 trees.

The green initiative further solidifies SUNeVision’s dedication to offering sustainable solutions that meet the urgent demand for green and scalable data centres, fuelled by the surging adoption of digitalisation and AI technologies. SUNeVision’s data centres, from the well-established MEGA-i to the latest editions MEGA IDC and MEGA Gateway, are all built with high environmental standards that feature energy-efficient and high-capacity operations. As a proponent of sustainable business, SUNeVision has been actively pursuing quality green power and implementing eco-friendly practices across its facilities to reduce carbon footprint. This includes utilising renewable energy through the purchase of CLP RECs and installation of solar panels, as well as applying iPaint radiative cooling paint on the generator containers.

Ms Helen Lo, Director of Commercial at SUNeVision said, “At SUNeVision, we embrace the sustainability ethos of our parent company Sun Hung Kai Properties. We are proud to announce the launch of the pioneering renewable energy solution. The collaboration with CLP Power and GVL, a joint venture of SHKP, Veolia and CITIC Pacific, is a testament to our shared values in advancing sustainable development. The new initiative marks a significant milestone in our journey towards utilising 100% clean energy by the year 2050. We will continue to innovate and lead the way towards a sustainable future, striving to promote a low-carbon society and supporting Hong Kong in achieving net-zero emissions.”

Ms Lena Low, Senior Director of Customer Success and Experience at CLP Power
said, “CLP Power is committed to promoting the development of local renewable energy. Purchasing CLP RECs is one of the effective ways for business customers to reduce carbon emissions. The programme has been well-received by our customers since its launch. As of end-June 2024, around 320 GWh were sold through CLP RECs, equivalent to a reduction of about 125,000 tonnes[1] of carbon emissions. We are pleased to provide SUNeVision with the site-specific CLP RECs, helping them achieve their goal of operating with clean energy. CLP Power will continue to collaborate with the business sector to help them implement low-carbon operations and jointly support the HKSAR Government’s carbon reduction goals.”

Mr Carl Lai, Project Manager at GVL stated, “With the invaluable support and collaboration of the authorities, our partners, and our local engineering team, we are confident in the successful implementation of this project. We are excited about the potential of renewable energy to provide the local community with a sustainable and reliable supply of solar energy. At GVL, we see waste as a resource and view landfills as potential power plants. Our dedicated team is prepared to tackle challenges such as the landfill’s slope stability, wind loads, the landfill liner, and the landfill gas systems. We are committed to providing various low-carbon energy solutions to support the city’s transition to a low-carbon future.”


[1] Calculation based on the carbon intensity of the electricity sold by CLP Power in Hong Kong from 2019 to
2023.

Hashtag: #SUNeVision #GreenValleyLandfill #CLPPower

The issuer is solely responsible for the content of this announcement.

About SUNeVision

SUNeVision (SEHK: 1686), the technology arm of Sun Hung Kai Properties (SEHK: 0016), is the largest data centre provider in Hong Kong. We provide industry-leading carrier and cloud-neutral data centre services with Asia’s number one connectivity. We connect providers of telecommunications, cloud, ISP, CDN, OTT from local, mainland China and global with enterprises of different businesses on our Asia leading data centre ecosystem.

SUNeVision forms MEGA Campus by extending the connectivity edge from highly connected MEGA-i to other high-tier data centres, including MEGA Gateway, MEGA IDC, MEGA Plus and MEGA Two. Facilities on MEGA Campus are interconnected through a dedicated dark fibre network and around 15,000 cross-connects. Together with City PoPs of major submarine cables in our facilities, we enable our customers for direct connections to multi-cloud platforms and multi-cloud exchanges with the best connectivity in town. The addition of cable landing stations HKIS-1 and HKIS-2 to our data centre portfolio will provide a one-stop-solution to cable owners and users, strengthening our position as the leading connectivity hub in Asia. We are committed to supporting Hong Kong as a regional information hub and a strategic gateway to mainland China.

About Green Valley Landfill

Green Valley Landfill, a joint venture between Veolia, Sun Hung Kai Properties and CITIC Pacific, operates as a contractor for Hong Kong’s Environmental Protection Department. GVL has managed the South East New Territories (SENT) Landfill and its extension, responsible for design, construction and operation with a 30 years’ aftercare period. The company employs advanced technologies to minimize environmental impact and innovatively converts landfill gas into electricity, fuel and synthetic natural gas for both on-site use and integration with the local gas network.

About CLP Power Hong Kong Limited

CLP Power Hong Kong Limited (CLP Power) is the Hong Kong utility subsidiary wholly owned by CLP Holdings Limited, a company listed on the Hong Kong Stock Exchange and one of the largest investor-owned power businesses in Asia. CLP Power operates a vertically integrated electricity supply business in Hong Kong, and provides a highly reliable supply of electricity and excellent customer services to more than six million people in its supply area.

Alibaba Pictures’ Fenghuang Yunzhi International Version iCIRENA Expands to Hong Kong and Macau Cinemas


HONG KONG SAR – Media OutReach Newswire – 12 November 2024 – Alibaba Pictures Group Limited (“Alibaba Pictures” or the “Company,” HKEX: 1060) recently announced that iCIRENA, the international version of Fenghuang Yunzhi, has partnered with leading cinemas in Hong Kong and Macau SARs,China, including Emperor Cinemas in Hong Kong, and Galaxy Cinemas and Bona International Cinemas in Macau. This collaboration aims to introduce a new technological experience to the film market in Hong Kong and Macau SARs through an integrated smart cinema solution.

Fenghuang Yunzhi is a digital management platform developed by Alibaba Pictures for cinemas. This product surpasses the limitations of traditional single-store ticketing systems, significantly reducing operating costs, expanding marketing channels, and improving management efficiency for cinemas. Currently, Fenghuang Yunzhi covers more than 5,300 cinemas in Chinese mainland, with its intelligent algorithm-assisted scheduling function boosting efficiency by 80%. According to statistics, Fenghuang Yunzhi holds the leading market share in the Chinese mainland film market.

Leveraging years of practical experience in the Chinese mainland film market, Alibaba Pictures launched iCIRENA, the international version of Fenghuang Yunzhi. iCIRENA made its debut in March 2024. In just over six months, iCIRENA has gained recognition from multiple cinema partners in Hong Kong and Macau SARs.

iCIRENA offers an excellent user experience to cinemas in Hong Kong and Macau SARs with its simple and intuitive system design. Through automation and intelligent features, many of the original duplicated ticketing operations can be simplified and improved. Both experienced cinemas and newly-opened cinemas can quickly operate the system, reducing learning costs and operating time, and achieving overall improvements in work efficiency.

Galaxy Cinemas staff noted that scheduling a film used to take 1.5 hours, but with iCIRENA, it now only takes 15 minutes. Staff can easily complete complex scheduling tasks through an intuitive interface, greatly improving efficiency.

Fenghuang Yunzhi’s iCIRENA brings an iterative upgrade to cinemas in Hong Kong and Macau SARs through technological innovation, overcoming traditional industry bottlenecks with a pure cloud operating system. It achieves significant breakthroughs in data processing, system performance optimization, and other aspects with advanced algorithms and technical architecture. During peak traffic periods, iCIRENA performs excellently, maintaining a smooth ticket purchasing experience even during high demand times like holidays. This provides strong stability for cinema operations, enabling them to easily face various market challenges and better serve their audiences. Represented by iCIRENA, this new digital management model not only enhances the overall performance of ticketing systems and user experience but also explores more growth opportunities for technological advancement and innovation in the film industry.

To further promote high-quality development in Chinese films and build a strong filmmaking nation, the “14th Five- Year Plan for the Development of the Chinese Film Industry” proposes to “improve the film industry system and enhance film technology capabilities.” Aiming to accelerate industry development through digital technology, Alibaba Pictures’ Fenghuang Yunzhi remains committed to investment in technology research and development, product refinement, and market insights. By continuously introducing advanced technologies such as cloud computing, AI, and large model algorithms, it explores new pathways for improving quality and efficiency in the industry. As iCIRENA delves deeper into the film markets in Hong Kong and Macau SARs, Fenghuang Yunzhi’s journey of “technology going abroad” will officially commence from its base in the Guangdong-Hong Kong-Macao Greater Bay Area, expanding to Southeast Asia.

Hashtag: #Alibaba

The issuer is solely responsible for the content of this announcement.

About Alibaba Pictures

Alibaba Pictures is listed on the main board of The Stock Exchange of Hong Kong Limited (stock code: 1060). It is an Internet-driven integrated platform that covers content production, promotion and distribution, IP licensing, cinema ticketing management, and data services for the entertainment industry.

Alibaba Pictures’ company website: