29.4 C
Vientiane
Wednesday, July 30, 2025
spot_img
Home Blog Page 1295

First Phosphate Closes Oversubscribed Private Placement Financing


Saguenay, Quebec – Newsfile Corp. – 2 January 2025 – First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) is pleased to announce that it has closed its non-brokered private placement financing (the “Offering”), as further described in the Company’s news release dated December 18, 2024.

As part of the Offering, originally announced for gross proceeds of a minimum of $1 million, the Company raised total gross proceeds of $2,695,459. The Company issued 7,448,455 Flow-Through Shares for gross proceeds of $2,606,960 and 252,857 Hard Dollar Units for gross proceeds of $88,500.

“We are happy to have raised funds exclusively from a select group of existing and new investors, none of which is a traditional flow-through fund,” says Company CEO, John Passalaqua.

In connection with the Offering, the Company issued 230,948 Compensation Shares at a price of $0.35 per Compensation Share, and issued 230,948 Compensation Warrants, exercisable at a price of $0.50 per common share of the Company, until December 31, 2025, subject to an Accelerated Expiry Date. All securities issued under the Offering will be subject to a four-month and one day statutory hold period in accordance with applicable securities laws. The Company intends to use the proceeds from the Offering as disclosed in the Company’s press release dated December 18, 2024. Capitalized terms used in this news release and not defined herein have the meanings given to them in the Company’s news release dated December 18, 2024.

Insider Participation

In connection with the closing of the Offering, Larry Zeifman, a director of the Company, purchased a total of 285,714 Flow-Through Shares.

Registered Share Units (RSUs) Grant

The Company also announces that it has approved the grant of 3,100,000 restricted share units of the Company (“RSUs”) to eligible directors, management and staff of the Company as part of year end bonus compensation. The RSUs vest immediately and the terms of the RSUs are in accordance with the Company’s Omnibus Equity Incentive Plan. All securities issued are subject to a hold period of four months plus one day from the date of issuance.

Grant of Shares under Collaboration Agreement with Pekuakamiulnuatsh First Nation

Under the collaboration agreement signed on April 9, 2024, the Company has issued 574,389 shares to Pekuakamiulnuatsh First Nation for the exploration and development expenditures undertaken by the Company on the First Nation’s lands in calendar 2024.

Related Party Transactions

As related parties of the Company received Flow-Through Shares and RSUs in connection with the Offering and the grant of RSUs, the transactions are considered related party transactions for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The participation of the related parties of the Company are exempt from the formal valuation and minority shareholder approval requirements provided under MI 61-101 in accordance with sections 5.5(a) and 5.7(1)(a) of MI 61-101. The Company is relying on an exemption from the formal valuation requirements of MI 61-101 available because the fair market value of the Flow-Through Shares and RSUs purchased by and issued to the related parties does not exceed 25% of the Company’s market capitalization, as determined in accordance with MI 61-101. The Company did not file a material change report related to the transactions more than 21 days before the expected closing of the transactions as required by MI 61-101 but believes that this shorter period is reasonable and necessary in the circumstances as the Company wishes to improve its financial position and to close the Offering in short order for sound business reasons.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals. There can be no assurance that any further securities will be sold under Offering.

For additional information, please contact:

Bennett Kurtz
Chief Financial Officer
bennett@firstphosphate.com
Tel: +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com

Media Relations: media@firstphosphate.com

Website: www.FirstPhosphate.com

Follow First Phosphate:
Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate

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

About First Phosphate Corp.

First Phosphate (CSE: PHOS) (OTCQB : FRSPF) (FSE: KD0) is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in a responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate is owner and developer of the Bégin-Lamarche Property in Saguenay-Lac-St-Jean, Quebec, Canada that consists of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of harmful concentrations of deleterious elements.

Forward-Looking Information and Cautionary Statements

This news release contains certain statements and information that may be considered “forward-looking statements” and “forward looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things: the Company’s planned exploration and production activities; the properties and composition of any extracted phosphate; the Company’s plans for vertical integration into North American supply chains; the terms of the Offering, including, the issuance of any securities, the closing and date of future tranches, and the receipt of all necessary approvals.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth herein and in the Company’s public disclosure record including the short form base prospectus dated June 5, 2024, as well as: the receipt of all necessary approvals.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian and United States securities authorities, including without limitation the “Risk Factors” section of the Company’s Management Discussion and Analysis dated October 21, 2024 and Annual Report on 20-F dated July 8, 2024, which are available on SEDAR at Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Rostock IMG jobs saved

Future of IMG Ingenieurtechnik und Maschinenbau GmbH secured at the site


– Picture is available at AP

ROSTOCK / GRÜNHEIDE – Newsaktuell – 2 January 2025 – Rescue for jobs at Rostock-based IMG Ingenieurtechnik und Maschinenbau GmbH (IMG). Zachert Ingenieurtechnik und Maschinenbau GmbH, a wholly owned subsidiary of Zachert Private Equity GmbH (ZPE), will take over the long-established mechanical engineering company when the contracts are signed on 31 December 2024. The takeover secures the Rostock site and over 75 per cent of jobs. The signing is still subject to the approval of the creditors’ committee in January. All parties involved have agreed not to disclose the purchase price.

Rescue for jobs at Rostock-based IMG Ingenieurtechnik und Maschinenbau GmbH (IMG). Zachert Ingenieurtechnik und Maschinenbau GmbH, a wholly owned subsidiary of Zachert Private Equity GmbH (ZPE), will take over the long-established mechanical engineering company when the contracts are signed on 31 December 2024. The takeover secures the Rostock site and over 75 per cent of jobs.
Rescue for jobs at Rostock-based IMG Ingenieurtechnik und Maschinenbau GmbH (IMG). Zachert Ingenieurtechnik und Maschinenbau GmbH, a wholly owned subsidiary of Zachert Private Equity GmbH (ZPE), will take over the long-established mechanical engineering company when the contracts are signed on 31 December 2024. The takeover secures the Rostock site and over 75 per cent of jobs.

Securing jobs – preserving the future

The Rostock-based mechanical engineering company is a global supplier of complex systems and production lines for the shipbuilding and offshore industries. The company filed for insolvency at the end of October 2024. The contract signed at the turn of the year means that IMG can restart in 2025. Investor Olaf Zachert and the ZPE team specialise in the restructuring and further development of medium-sized companies. “Our aim is to preserve IMG’s tradition and expertise. It is important to us to preserve the jobs and the plant at this location as far as possible. Our priority now is the further expansion and reorganisation of production. We will work closely with the management, the works council and the workforce to achieve this,” says Olaf Zachert, founder and Managing Director of Zachert Private Equity

The negotiations were conducted by IMG’s insolvency administrator Ulrich Rosenkranz from the law firm BRRS Hamburg and the commercial law firm Seitz on behalf of the purchaser. Once the contract has been signed, Mr Rosenkranz will handle the existing orders, while the team led by investor Olaf Zachert will reorganise the company and secure the majority of jobs. The basis for this will be the acquisition concept of Zachert Private Equity. “We will work with and for the majority of employees and trainees to find a quick and promising solution. IMG’s long-standing and potential customers will continue to be supplied in the usual quality and we look forward to working with them,” says Olaf Zachert.

IMG Rostock remains

ZPE has already demonstrated its expertise in mechanical engineering with the takeover of the former Bühler AG plant in Döbeln (Saxony) in May 2024. The company now operates under the name Döbelner Anlagen- und Maschinenbau GmbH (DAMB). “We were able to secure all jobs here and have gained a lot of experience in mechanical and plant engineering. We now need to organise the targeted further development and strategic partnerships between the two plants at the respective locations,” explains investor Olaf Zachert. The expertise of the two production facilities will be pooled in future, the product portfolio expanded and further developed for promising markets. Sophisticated systems and production lines from Rostock will continue to be produced for IMG customers in the future.

Image material for download:

http://datas.weichertmehner.com/IMG.zip

Use for media free of charge

Photo credits: IMG/ZPE

Possibility for interviews

Dear media representatives,

We are available for interviews on site

Discussion partner: Olaf Zachert, Investor Zachert Private Equity GmbH (ZPE),

Tuesday, 7 January 2025, from 12 noon

Address: Ingenieurtechnik & Maschinenbau GmbH, Industriestrasse 8, 18069 Rostock

For organisational reasons we would appreciate a short registration (Presse.ZPE@weichertmehner.com ), thank you very much.

Contact for media:

Ulf Mehner / Robert Weichert (Communication ZPE),
Phone +49 172 8935317 / +49 151 41 92 46 64, Presse.ZPE@weichertmehner.com

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

About ZPE:

Zachert Private Equity GmbH (ZPE) is a restructuring expert with many years of experience in investing in mostly traditional medium-sized companies in often complex situations of upheaval. The primary objectives are to preserve jobs and strengthen the respective business model. To this end, the company often develops buy-and-build strategies. The founder and managing partner of the company, based in Grünheide, is Olaf Zachert.

About IMG Rostock:

IMG Ingenieurtechnik und Maschinenbau GmbH is a leading company in the development, planning and manufacture of complex systems and production lines. Based in Rostock, IMG is one of the world’s leading providers and suppliers of systems and machine parts for the shipbuilding, mechanical engineering, aviation, steel construction and wind energy industries. The product range includes shipyard and factory planning, machining centres and transport and handling systems. For decades, IMG has stood for technologies and the highest quality “Made in Germany”

The 2025 Taipei New Year’s Party – Most Exclusive Performance Cast in Taiwan Gold Medalists Join Hands with 220,000 Other Revelers for the Grand New Year Year’s Countdown


TAIPEI, TAIWAN – Media OutReach Newswire – 2 January 2025- The 2025 Taipei New Year’s Party has come to a glorious successful conclusion. Not only did the main stage at Citizen Square present the strongest lineup and most exclusive performer cast at any New Year’s event in Taiwan, but as with last year the wonderful performances on the four Diversity Stages again received rave reviews. For the midnight countdown and spectacular six-minute fireworks extravaganza over Taipei 101 that followed, Taipei City Mayor Chiang Wan-an linked hands with four outstanding Taiwanese athletes, 2024 Paris Olympics badminton gold medalist Wang Chi-lin and boxing gold medalist Lin Yu-ting along with Premier12 baseball gold medalists Lee Kai-wei and Chen Kuan-wei from the Wei Chuan Dragons. They were joined by mascots Strong and Bravo the Bear. More than 222,000 people came together online and offline to take part in the countdown to 2025.

【The 2025 Taipei New Year’s Party 】For the midnight countdown and spectacular six-minute fireworks extravaganza over Taipei 101 that followed.
【The 2025 Taipei New Year’s Party 】For the midnight countdown and spectacular six-minute fireworks extravaganza over Taipei 101 that followed.

The theme of the 2025 Taipei New Year’s Party was “Move,” says the Department of Information and Tourism (DOIT), Taipei City Government. People in large numbers came to enjoy the shows at the four large Diversity Stages, and the main stage had a powerful super-cast of performers consisting of more than 15 groupings taking the stage in relay, stirring up the heat at the venue to an ever higher temperature. The opening ceremony saw baseball’s famed Dragon Beauties cheerleading squad and DJ RayRay team up with an exuberantly lively performance, the 14 dragon ladies lighting up the scene with their dynamic dance moves. The popular Papun Band performed a suite of their classic tunes, including I Only Wish the Most Mediocre Life, and collaborated with TRASH for the first time to present Yong Yuan Bu Hui Tou (“Never Look Back“). Continuing on its own, TRASH then brought more boiling rock energy to the stage with such hits as Heavyhearted Loser and LOVE.

In addition, Golden Melody queen Penny Tai touched the hearts of everyone in the audience with her soulful tunes, including What If We Still Stay Together and The Love You Want. Karencici and J.Sheon took turns on stage, and the two also combined to perform Hard to Say. The unique musical style of Faith Yang in Stars and other melodies brought passionate applause, and Sam Lee performed his classic love songs Hands Off and Devotion Love, one and all in the audience singing along in unison, enraptured. The group Cosmos People served up a riveting set pulsating with electric energy, delivering Ocean, Let’s Go Running Together, and other hits. HRC BEAST CREW SHADOW, the champion dance group of the city’s 2024 Metro Street Dance Competition, Olympic national breakdance athlete Sun Chen, and the City4 dance group also won acclaim from the audience with their scintillating dance routines

At the celebration’s mid-point a big specially planned surprise was unveiled, bringing delight and amazement to the audience, with singer YELLOW first conducting a video chat with Rozette, a popular Canadian vocal teacher, and then Rozette making a surprise appearance on the stage and the duo singing Shallow. Next, the Korean girl group Apink provided an exclusive Taipei performance, including Mr. Chu and LUV, of a number of their popular tracks, their charming repertoire inspiring ongoing audience screaming and shouting. Heavyweight headliner ENERGY, returning this year, performed Let Go, Friday Night, and other classics, which not only awakened classic memories but also ignited the party atmosphere to the highest temperature!

For the countdown to midnight, Taipei City Mayor Chiang Wan-an joined hands with four outstanding Taiwanese athletes, 2024 Paris Olympics badminton gold medalist Wang Chi-lin and boxing gold medalist Lin Yu-ting along with Premier12 baseball gold medalists Lee Kai-wei and Chen Kuan-wei from the Wei Chuan Dragons, with mascots Strong and Bravo the Bear also joining in. Mayor Chiang announced delivered a speech wishing everyone a Happy New Year, embracing the spirit of 2025 with “Everything is wonderful” Together with both online and offline audiences, he counted down to welcome the arrival of the new year.

The two much anticipated post-fireworks heavyweight finale performers were set to take the stage in turn, bringing the party atmosphere to repeated new climaxes. Gigi Leung recreated her performance of the opening song for her Taipei Arena concert last year, Spaghetti, creating a sense of boundless imagination and New Year hope, and followed this with tunes such as Coward that sketched out memories and evoked the good times of the past for all in attendance. The hot group 831 then hit the stage, powering out heart-thumping titles including East Side and Cheers!, the perfect conclusion for the 2025 Taipei New Year’s Party.

DOIT specially points out that this year’s gala once again demonstrated the cross-unit cooperation and execution capabilities of the Taipei City Government team, including Department of Health(DOH)、Taipei Metro Corporation(TMC)、Department of Transportation(DOT)、Police Department(PD)、Department of Environmental Protection(DEP)、Department of Social Welfare(DSW)、Fire Department(FD)、Department of Information and Tourism(DOIT), with manpower of 7,500 mobilized to ensure the smooth staging of the event, strengthening traffic dispersion and on-site order and maintenance, garbage removal and environmental restoration in peripheral areas, etc. This enabled full crowd dispersal to be completed before

2:10 o’clock in the morning after the New Year’s Party activities, and the systematic restoration of the original order and appearance of the city.

Hashtag: #TVBS

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

VinAI returns to CES 2025 with cutting-edge automotive AI technologies


LAS VEGAS, USA – Media OutReach Newswire – 2 January 2025 – VinAI has announced its participation in the Consumer Electronics Show (CES) 2025, taking place from January 7 to January 10, 2025, in Las Vegas, USA. At CES 2025, VinAI will showcase cutting-edge AI technologies such as DrunkSense and Touch2Park in an exclusive in-vehicle demonstration, reaffirming their superior integration capabilities and commitment to delivering groundbreaking mobility experiences for the automotive industry.

From January 7-10, VinAI will showcase several AI technologies in a real car at Booth 7224, West Hall - CES 2025.
From January 7-10, VinAI will showcase several AI technologies in a real car at Booth 7224, West Hall – CES 2025.

From January 7 to January 10, 2025, visitors to booth #7224 in the West Hall of the Las Vegas Convention Center will have the opportunity to experience VinAI’s cutting-edge technologies in action on a real vehicle, including:

InteriorSense Suite

  • DrunkSense: The world’s first passive drunk driving detection system without requiring a breathalyzer, achieving 85% sensitivity—8 percentage points higher than that of the industry standard.
  • MirrorSense: As a CES 2024 Innovation Award Honoree, this technology adjusts mirrors with 10mm accuracy based on the driver’s position—another world-first innovation.
  • Driver Monitoring System (DMS): Compliant with EU’s General Safety Regulations, the system provides AI-powered safety through enhanced occupant monitoring.

SurroundSense Suite

  • Touch2Park: Touch2Park is the winner of the 2024 AutoTech Breakthrough Award. This Level 2 smart parking solution enables effortless parking by a simple touch.
  • Jelly View: A revolutionary 3D transparent mode offering comprehensive exterior and undercarriage visibility.
  • Advanced 360° Surround View Monitoring System: The system eliminates blind spots and enhances external awareness for safer navigation.

Mr. Vuong Cap, Director of VinAI’s Smart Mobility Division, shared: VinAI’s AI solutions are developed with a focus on optimizing performance on systems with limited resources. This enables automotive manufacturers to integrate advanced technologies without requiring hardware upgrades, reducing costs and enhancing competitiveness. This flexible approach not only broadens the applicability of AI but also meets the growing demand for smart and safe vehicles from automakers worldwide.”

Automotive manufacturers (OEMs) in the U.S. are under increasing pressure to enhance the safety, comfort, and intelligence of their vehicles. However, providing cutting-edge AI features while maintaining competitive costs and production timelines poses a significant challenge for many OEMs. VinAI addresses these challenges with efficient and flexible AI solutions designed to deliver safer and more comfortable driving experiences without demanding excessive resources from OEMs.

Currently, VinAI offers smart mobility solutions for the automotive industry. Technologies and features developed by VinAI have been integrated into numerous vehicle models by global automakers, with deployment on over 80,000 vehicles to date and projections to reach over 800,000 vehicles within the next five years.

For more information about VinAI or to schedule a technology demonstration at CES 2025, customers can contact business@vinai.io or visit https://www.vinai.io/vinai-at-ces-2025/.

Contact:
Ms. Bui Thi Thuy Le
Head of Marketing – VinAI
Business@vinai.io

Hashtag: #VinAI

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

About VinAI

VinAI, part of the Vingroup ecosystem, ranks among the top 20 AI R&D companies globally. The company’s Smart Mobility division drives the next level of automotive safety and comfort through a strong portfolio of next-generation, efficient AI solutions. VinAI’s technologies and features have been integrated into various models of global OEMs, including those from Europe.

For more information about VinAI, please visit:

Lao Government Addresses 73,000 Illegal Workers Abroad

Workers (Photo credit: Global New Light of Myanmar)

The Lao government has revealed that more than 73,000 Lao workers are currently working abroad illegally, particularly in neighboring countries, despite the government’s efforts to create domestic job opportunities for job seekers.

Hong Kong: proudly helping to take China’s aviation innovation to new heights


HONG KONG SAR – Media OutReach Newswire – 2 January 2025 – With much fanfare, Hong Kong welcomed the inaugural scheduled commercial flight outside of Mainland China of the country’s first domestically developed and built C919 passenger jet aircraft on January 1, 2025.

The C919 aircraft receives a water salute at Hong Kong International Airport and warm welcome by Secretary for Transport and Logistics Mable Chan (first left).
The C919 aircraft receives a water salute at Hong Kong International Airport and warm welcome by Secretary for Transport and Logistics Mable Chan (first left).

Operated by China Eastern Airlines, the C919 has taken up a daily round-trip route between Hong Kong International Airport (HKIA) and Shanghai Hongqiao International Airport, marking an historic milestone for the home-grown narrow-body aircraft in accordance with international airworthiness standards, and a new phase for Hong Kong as a global aviation hub.

“We hope that through this scheduled commercial flight, we can bring this historic innovation breakthrough in the Mainland’s production of civil aviation aircraft to our Hong Kong citizens, as well as to the international visitors coming to Hong Kong,” said Mable Chan, Secretary for Transport and Logistics.

“We do hope that through this inaugural flight, we can innovate and establish ourselves in civil aviation, so as to demonstrate our position under ‘one country, two systems’ and our advantage of facilitating the Mainland’s achievements to flourish with Hong Kong’s position.”

She highlighted three areas where Hong Kong could demonstrate its strengths and advantages. First, aircraft maintenance. HKIA has rich experience and comprehensive ancillary facilities that can fully support the maintenance of China-made aircraft outside of the Mainland. Second, training. The Hong Kong International Aviation Academy is an important aviation training centre in Asia, and is considering expanding its training programmes to cover areas related to C919. Third, aircraft leasing. With a preferential tax regime for aircraft leasing, coupled with Hong Kong’s well-established legal and financial systems as well as being the world’s largest offshore renminbi business centre, the city has an edge in aircraft leasing and can help the expansion of China-made aircraft in the international market through “finance leasing” in the city.

Earlier, Chan thanked the Civil Aviation Administration of China for its continued strong support of Hong Kong, and said the C919 scheduled commercial flights would give more Hong Kong residents “a chance to step on the C919 and experience the remarkable achievements of the nation’s aviation development.”

“As an international aviation hub located in the heart of Asia, with half of the world’s population within a five-hour flight, and with the newly opened three-runway system (3RS), Hong Kong will continue to capitalise on its unique advantage of connecting the nation and the world under ‘one country, two systems’,” Chan said.

A C919 flight demonstration over Hong Kong on December 16, 2023.
A C919 flight demonstration over Hong Kong on December 16, 2023.

On November 28, 2024, the eagerly anticipated 3RS at HKIA was commissioned, ushering in a new era for Hong Kong’s aviation industry and its role in propelling related economic activities.

With the 3RS in full swing, HKIA, already the world’s busiest air cargo hub, would be able to increase handling capacity by about 50%, to some 120 million passengers and 10 million tonnes of cargo a year by 2035.

More than a city airport, HKIA has evolved into an Airport City and new projects include, among other things, creating an ecosystem for the arts industry, building the AsiaWorld-Expo Phase 2, developing a yacht bay with ancillary facilities and opening a food market for imported fresh food. Indeed, Hong Kong aims to expand the scale of the Airport City by more than double, building a new, world-leading landmark.
Hashtag: #hongkong #brandhongkong #asiasworldcity #C919 #aviation #aircraft #flight





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

Poyang Lake Ecosystem Restoration Initiative: Conservation International and Sateri Launch Third Phase to Address Climate Change and its Effect on Communities

SINGAPORE – Media OutReach Newswire – 2 January 2025 – Conservation International and Sateri, a member of the RGE group of companies, have announced the launch of the third phase of the Poyang Lake Ecosystem Restoration Initiative. This new phase marks a critical milestone in restoring China’s largest freshwater lake by integrating carbon neutrality efforts, building on the initiative’s significant success since its inception in 2019.

Located in Jiangxi Province, in the southeastern part of the country, Poyang Lake plays a critical role in regulating floods in the Yangtze River and supports the livelihoods of more than 45 million people living in the province, contributing more than 15% of the Yangtze River’s annual runoff. It is also a wetland of national and global importance, providing a habitat for flora and fauna of high conservation value, including the critically endangered Siberian crane and finless porpoise.

This new phase marks the fifth year of collaboration between Conservation International, a global non-profit organisation dedicated to protecting nature for the benefit of people and the planet, and Sateri, a leading global producer of textile fibres. The initiative has seen significant successes since it began in 2019, including:

  • Strengthening the management of 473,000 hectares of protected areas across 50 ecological zones;
  • Enhancing the capability of 2,000 wetland rangers through capacity-building programme;
  • Improving the habitat management of 350 species of wildlife, including the critically endangered finless porpoise and Siberian crane;
  • Supporting the construction of five community artificial-wetlands for wastewater treatment, which can treat 56,000 tonnes of agricultural and domestic sewage; and
  • Benefiting 25,000 local community members through livelihood support, vocational capacity-building and environmental education programmes.

Zhang Cheng, Program Director at Conservation International China, emphasised the project’s broader impact, “This initiative has truly enhanced biodiversity conservation and ecological education, while empowering local communities with sustainable livelihoods. It demonstrates the value of collaborative approaches in balancing ecological protection with human well-being.”

In line with Sateri’s 2030 aspiration of becoming a ‘net positive impact’ company, the newly-launched third phase will advance these successes by focusing on:

  • Research on the Freshwater Health Index (FHI) for the basin
  • Protection and restoration of small wetlands
  • Better climate change mitigation and adaptation for resilience

This collaboration, supported by the Jiujiang Municipal Government of the Jiangxi Province, underscores the shared commitment of both organisations to advancing biodiversity and sustainable development in one of China’s most vital freshwater ecosystems.

The Poyang Lake Basin Ecological Protection Project highlights Sateri’s efforts to address environmental challenges through practical actions and partnerships. The company continues to prioritise biodiversity conservation and sustainability while encouraging collaboration to achieve these goals.

Cai Zhichao, Vice President of Operations at Sateri, emphasised the initiative’s alignment with the company’s sustainability goals, “At the heart of our operations lies a commitment to the bioeconomy, where we aim to protect the natural resources we use. This conservation initiative not only helps us meet our internal sustainability targets but also contributes to advancing the United Nations Sustainable Development Goals (UNSDGs) 6 – Clean Water and Sanitation; 11 – Sustainable Cities and Communities; 12 – Responsible Consumption and Production; 13 – Climate Action and 15 – Life on Land. We accomplish this through innovation, advanced technology and low-carbon practices.”

Notes to Editor

Poyang Lake and its significance
Located in northern Jiangxi Province to the south of the Yangtze River, Poyang Lake is the largest freshwater lake in China, expanding to about six times the size of Singapore during the flood season. This vital ecosystem is home to two Ramsar wetland sites of international significance and serves as a critical habitat for many migratory birds, fish species, and mammals, including approximately 500 Yangtze finless porpoises. The lake is also the largest wintering area for migratory birds in East Asia, supporting 14 endangered waterfowl species such as the critically endangered Siberian Crane, the oriental white stork and Baer’s pochard.

Beyond this ecological importance, Poyang Lake also supports about 45 million people in the basin. The lake contributes more than 15% of the Yangtze River’s annual flow and supplies six million cubic metres of drinking water to millions of the downstream population. The lake provides essential ecosystem services, including flood control and water storage for the Yangtze River Basin, and stores over 8.8 million tonnes of irrecoverable carbon, playing a significant role in climate change adaption.
Hashtag: #RGE #Sateri #ConservationInternational #Poyang #China #Jiujiang #freshwater #conservation #biodiversity #sustainability #UNSDG

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

About Conservation International

Conservation International protects nature for the benefit of humanity. Through science, policy, fieldwork and finance, we spotlight and secure the most important places in nature for the climate, for biodiversity and for people. With offices in 30 countries and projects in more than 100 countries, Conservation International partners with governments, companies, civil society, Indigenous peoples and local communities to help people and nature thrive together. Go to for more, and follow our work on , , , , and .

About Sateri

Sateri is the world’s largest producer of manmade cellulose fibre (MMCF), a natural biodegradable raw material found in everyday items like textiles, wet wipes and other personal hygiene products. Our five mills in China collectively produce about 2.1 million tonnes of MMCF yearly.

Our range of high-quality viscose products, branded EcoCosy®, is independently verified as a safe, sustainable, and responsibly produced. We also produce textile yarn, spunlace non-woven fabric, Lyocell, and FINEX™, a recycled textile fibre.

Headquartered in Shanghai, we have a sales, marketing and customer service networking covering Asia, Europe, and the Americas.

Sateri is committed to sustainable development, guided by our , and global environmental and social standards. Reflecting our commitment to excellence, our achievements include OEKO-TEX® MADE IN GREEN Green which encompasses both OEKO-TEX® STeP and OEKO-TEX® Standard 100, and the EU-BAT (European Union Best Available Techniques) benchmark for best management practices.

Khammouane Authorities Temporarily Suspend Mining Operations After Land Collapses

Khammouane Authorities Suspend Mining Operations After Land Collapses
Aerial view of two large sinkholes in Pakbeng Village, Thakhek District, Khammouane Province (photo credit: Khammouane News)

The Ministry of Energy and Mines has suspended operations at a mining site in Khammounae province after two land collapses raised safety and environmental concerns.