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Johnson Electric reports results for the half year ended 30 September 2023

Highlights of FY23/24 Half-Year Results

  • Group sales US$1,937 million – up 9% compared to first half of the prior financial year. Excluding the effects of foreign currency movements and acquisitions, sales increased by 10%
  • Gross profit US$430 million or 22.2% of sales (compared to US$355 million or 20.0% of sales in the first half of the prior financial year)
  • Adjusted EBITA US$180 million or 9.3% of sales (compared to US$111 million or 6.3% of sales in the first half of the prior financial year)
  • Net profit attributable to shareholders up 115% to US$120 million or 12.99 US cents per share on a fully diluted basis
  • Underlying net profit, excluding the net impact of unrealized gains or losses relating to exchange rate movements and restructuring costs, up 66% to US$130 million
  • Free cash flow from operations US$208 million (compared to US$80 million in the first half of the prior financial year)
  • Total debt to capital ratio of 13% and cash reserves of US$440 million as of 30 September 2023
  • Interim dividend unchanged at 17 HK cents per share (2.18 US cents per share) with a scrip dividend alternative

HONG KONG SAR – Media OutReach – 8 November 2023 – Johnson Electric Holdings Limited (“Johnson Electric”), a global leader in electric motors and motion subsystems, today announced its results for the six months ended 30 September 2023.

Total Group sales for the first half of FY23/24 totalled US$1,937 million, an increase of 9% over the first half of the prior financial year. Excluding the effects of foreign currency movements and acquisitions, sales increased by 10%. Net profit attributable to shareholders increased by 115% to US$120 million or 12.99 US cents per share on a fully diluted basis. Underlying net profit, after adjusting for the effects of non-cash foreign exchange rate movements and restructuring costs, increased by 66% to US$130 million.

Automotive Products Group

The Automotive Products Group (“APG”), which accounted for 84% of total Group sales in the period under review, reported a 17% increase in sales on a constant currency basis. This compares to global auto industry production volume growth over the same period of approximately 10%.

APG performed strongly in each of the three major geographic regions, with sales on a constant currency basis up by 12% in Asia, 25% in Europe, and 16% in the Americas. While many applications for APG’s products are agnostic to vehicle propulsion type, a significant part of the division’s growing dollar content per vehicle stems from sales of new motion-related products that are key technology and performance enablers of electrification. Among the most important of these are electric water pumps, coolant valve subsystems, and integrated thermal management subsystems.

The structural transformation of the automotive sector away from internal combustion engine propulsion to electric vehicles is reaching a tipping point. Sales of battery electric and plug-in hybrid passenger cars are on track to exceed 14 million in 2023 – representing roughly one in every six new cars sold worldwide (compared to 1 in 40 new cars sold in 2019). By far the most important market driving this growth is China, where electric vehicles currently amount to close to 40% of all new vehicle sales. In Europe and the USA, the equivalent figures are around 20% and 8%, respectively. Although the mix of regulatory, economic, technology, infrastructure, and customer preference factors that impact the uptake of electric vehicles will continue to vary by country, it has become increasingly clear that all major automotive OEM customers are focusing their growth and investment strategies on electrifying their range of new models. For component and subsystems suppliers, the imperative is to develop solutions that support vehicle electrification at a competitive cost and on a global scale. In each of these respects, APG is making encouraging progress.

Industry Products Group

The Industry Products Group (“IPG”), which accounted for 16% of total Group sales, reported a 17% decrease in sales on a constant currency basis and excluding acquisitions.

IPG is experiencing a tougher year primarily due to two main macro-economic factors. Firstly, end-market sales of many “home centric” consumer products that boomed during the pandemic (home printers and coffee machines being two prime examples) are currently experiencing weaker demand as economies have reopened and consumers have rebalanced their expenditures towards services, entertainment and travel. Consequently, a number of IPG’s OEM and contract manufacturing customers – many of whom had also built-up large inventories to cope with the pandemic-induced disruptions to supply chains – have reduced or delayed orders of micromotors and motion-related components. Secondly, sharply higher inflation and rising interest rates are inevitably having a negative impact on consumer sentiment, spending on discretionary goods, and activity in the housing sector, which together underpin demand in several end-market segments served by IPG.

On the positive side, IPG has continued to grow sales in segments less sensitive to consumer sentiment, including medical device subsystems, semiconductor manufacturing equipment, and microscopy. In the medium to longer term, IPG is also exceptionally well positioned to benefit from the proliferation of motion and electrification-enabling technologies in an increasing range of applications spanning electric bikes, lawn and garden equipment, ventilation and heating, smart home products, and other industrial applications.

Gross Margins and Operating Profitability

Gross profit increased by 21% to US$430 million – which as a percentage of sales represented an increase to 22.2% from 20.0%. The improvement in gross margins was largely the result of improved operating efficiencies on higher sales volumes, pricing adjustments to recover inflationary effects that had significantly hampered performance in the prior year period, reductions in direct labour intensity and lower inbound freight costs. These positive factors more than offset increases in utilities and subcontracting costs, as well as losses on hedging contracts.

Reported earnings before interest, tax and amortization (“EBITA”) was US$168 million (compared to US$86 million in the first half of the prior financial year). Adjusted to exclude non-cash foreign exchange rate movements and restructuring charges, EBITA was US$180 million or 9.3% of sales (compared to 6.3% in the first half of the prior financial year). In addition to the improvement in gross profit, the primary factor driving the improvement EBITA margins was reduced outbound freight costs, which outweighed an increase in specific claim provisions and warranty expenses.

Net Profit and Financial Condition

Net profit attributable to shareholders was US$120 million or 12.99 US cents per share on a fully diluted basis. Underlying net profit, adjusted to exclude the non-cash impact of foreign exchange rate movements and restructuring charges, was US$130 million compared to US$78 million in the first half of the prior financial year.

Cash generation improved sharply with free cash flow from operations amounting to US$208 million – due to the combination of higher profit and lower working capital and capital expenditure. Johnson Electric’s overall financial condition remains sound with a total debt to capital ratio of 13% and cash balances of US$440 million as of 30 September 2023.

Interim Dividend

The Board has today declared an interim dividend of 17 HK cents per share, equivalent to 2.18 US cents per share (FY22/23 interim: 17 HK cents per share). The interim dividend will be payable in cash with a scrip alternative where a 4% discount on the subscription price will be offered to shareholders who elect to subscribe for shares. Full details of the scrip dividend alternative will be set out in a circular to shareholders.

The interim dividend will be payable on 17 January 2024 to shareholders registered on 5 December 2023.

Chairman’s Comments on the Half-Year Results and Outlook

Commenting on the results, Dr. Patrick Wang, Chairman and Chief Executive, said, “Johnson Electric achieved commendable financial results in the six-month period ended 30 September 2023.”

“The strong top-line performance was driven by demand for automotive components that partly reflected pent-up demand for new car models following a lengthy period of global supply chain constraints, and partly an ongoing increase in the Group’s product content per vehicle as OEM customers accelerate their adoption of technology solutions that are enabling the industry’s shift to electrification, reduced emissions, and improved safety and comfort. Robust growth in auto component sales was somewhat offset by lower sales to consumer and industrial product applications due to post-pandemic demand adjustments and the negative effects of inflation and rising interest rates on consumer sentiment. Higher overall sales volumes drove improved operating efficiencies that, combined with the low base effect of the prior year period and other one-off factors, resulted in significantly higher profitability and free cash flow generation.”

Regarding the outlook for the second half of the financial year, Dr. Patrick Wang commented, “The Group has entered the second half of the financial year in much improved financial condition. Notwithstanding the highly encouraging set of results for the first half, there are nonetheless reasons to be cautious. In the automotive sector, the rate of sales growth has begun to slow as post-pandemic supply constraints subside and are gradually replaced by concerns over higher interest rates, tighter credit, and the price of new vehicle models. Meanwhile, IPG’s consumer and industrial segments continue to remain weak as several major economies struggle to avoid recession. Based on current trading conditions, it is expected that the Group will remain on track to achieve sales growth for the full year within the range of 5% to 7% that was budgeted for at the outset of the financial year.”

Dr. Patrick Wang further commented, “Beyond specific industry demand trends, the geopolitical environment remains unpredictable. In the face of such uncertainty, we remain focused on adapting our business model to seek to capture the substantial growth opportunities inherent in our target markets and, at the same time, ensure that we are building sufficient resiliency to withstand the risks of potential short-term demand shocks or supply disruptions.”

Forward Looking Statements

This news release contains certain forward looking statements with respect to the financial condition, results of operations and business of Johnson Electric and certain plans and objectives of the management of Johnson Electric.

Words such as “outlook”, “expects”, “anticipates”, “intends”, “plans”, “believe”, “estimates”, “projects”, variations of such words and similar expressions are intended to identify such forward looking statements. Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results or performance of Johnson Electric to be materially different from any future results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding Johnson Electric’s present and future business strategies and the political and economic environment in which Johnson Electric will operate in the future.

Hashtag: #JohnsonElectric

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

Johnson Electric Group

The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 35,000 individuals in 22 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: .

Lao Junior Badminton Players Shine at ASEAN Championship

The Lao national junior badminton team at Badminton Asia (Southeast Asia) Regional Junior Championships in Phnom Penh, Cambodia from 30 October to 3 November. (Photo: Badminton Lao Federation)

The Lao national junior badminton team has garnered remarkable results at this year’s Badminton Asia (Southeast Asia) Regional Junior Championships in Phnom Penh, Cambodia. From 30 October to 3 November, the team secured a total of three medals, including one silver and two bronze.

A standout moment unfolded in the men’s doubles category, where Natthiou Phongsak and Souphaxay Simmavong clinched the silver medal in a final against Myanmar in the Under-15 division.

Adding to the team’s achievements, Anousine (Atee) Mnivanh earned a well-deserved bronze in the Under-17 singles category. 

Atee and Xana (Alock) Sirisak claimed another third-place finish in the Under-17 doubles category, according to the Badminton Lao Federation.

“I am very proud that I could achieve it; even though it is just a bronze medal, it is a medal for the history of the country,” Alock said. “I have been playing badminton [for] over 3 years, and I will keep practicing to get better for an opportunity to play for the national team again in the future.”

(Photo: Atee)

This was the first time playing at the international level for both Alock and Atee. 

“I have played many tournaments in Laos, but this was my first time playing outside of the country, and I am proud of it,” said Atee. “I don’t have a long-term plan for the future yet, but I am now preparing for the Lao Championship.”

The team’s success is a testament to their dedication, hard work, and the unwavering support they have received from their friends, family, and the Lao National Badminton Federation.

EcoFlow’s 11/11 Specials in Philippines: Powering Adventures and Homes with Discounts Up to 20%

MANILA, PHILIPPINES – Media OutReach – 8 November 2023 – Double 11 (11/11) is coming soon, once again bringing unparalleled deals and discounts. EcoFlow, a pioneer in sustainable energy solutions, has joined the fray with promising offers to light up the occasion.

From November 11th-15th, EcoFlow is unveiling a series of exclusive offers on Lazada and Shopee for Filipino shoppers, with wide ranging discounts of up to ₱28,700.

As leaders in sustainable energy, EcoFlow offers a suite of portable power stations (PPS) perfect for outdoor adventures, and reliable emergency backup. EcoFlow’s solutions, including the RIVER 2 Pro and DELTA 2, bring portability, durability, and up to 10 years of daily use capability. These devices are not just lightweight and easy to carry but also feature long-lasting and safe LFP batteries.

For those who love outdoor activities or need dependable power during emergencies, the RIVER 2 Pro is an ideal choice. Available at ₱3800 off during the sale, this versatile and lightweight device employs advanced X-Stream technology, enabling it to recharge from 0-100% in just 70 minutes – up to five times faster than its peers. It’s an excellent ally for camping, traveling, or powering essential household items.

The DELTA 2, offered at a ₱6300 discount, is a must-have for homes that prioritize power reliability, comfort, and eco-friendliness. With an expandable energy storage capacity of 1-3kWh, it supports over 90% of everyday household appliances, including microwaves and hair dryers. The DELTA 2 ensures multiple days of home backup energy, making it a powerful and eco-friendly solution for a variety of needs.
EcoFlow’s offerings this 11/11 are more than just products; they represent lasting, reliable energy solutions suitable for any circumstance—ensuring users invest in their peace of mind.

Hashtag: #EcoFlow

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

About EcoFlow

EcoFlow is a leading eco-friendly energy solutions company with the vision to power a new world. Since its founding in 2017, EcoFlow aims to become a reliable and trusted energy companion for individuals and families, providing accessible and renewable power solutions at home, outdoors, and in mobile spaces. Today, with operational headquarters located in the USA, Germany, and Japan, EcoFlow has empowered more than 2.5 million users in over 100 markets worldwide.

EcoFlow’s 11/11 Specials in Malaysia: Powering Adventures and Homes with Discounts Up to 40%

KUALA LUMPUR, MALAYSIA – Media OutReach – 8 November 2023 – Double 11 (11/11) is coming soon, once again bringing unparalleled deals and discounts. EcoFlow, a pioneer in sustainable energy solutions, has joined the fray with promising offers to light up the occasion.
From November 11th-13th, EcoFlow is unveiling a series of exclusive offers on Lazada and Shopee for Malaysian shoppers, with discounts of up to RM1400.

As leaders in sustainable energy, EcoFlow offers a suite of portable power stations (PPS) perfect for outdoor adventures, and reliable emergency backup. EcoFlow’s solutions, including the RIVER 2 Pro and DELTA 2, bring portability, durability, and up to 10 years of daily use capability. These devices are not just lightweight and easy to carry but also feature long-lasting and safe LFP batteries.

For those who love outdoor activities or need dependable power during emergencies, the RIVER 2 Pro is an ideal choice. Available at RM400 off during the sale, this versatile and lightweight device employs advanced X-Stream technology, enabling it to recharge from 0-100% in just 70 minutes – up to five times faster than its peers. It’s an excellent ally for camping, traveling, or powering essential household items.

The DELTA 2, offered at a RM1400 discount, is a must-have for homes that prioritize power reliability, comfort, and eco-friendliness. With an expandable energy storage capacity of 1-3kWh, it supports over 90% of everyday household appliances, including microwaves and hair dryers. The DELTA 2 ensures multiple days of home backup energy, making it a powerful and eco-friendly solution for a variety of needs.
EcoFlow’s offerings this 11/11 are more than just products; they represent lasting, reliable energy solutions suitable for any circumstance—ensuring users invest in their peace of mind.

Hashtag: #EcoFlow

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

About EcoFlow

EcoFlow is a leading eco-friendly energy solutions company with the vision to power a new world. Since its founding in 2017, EcoFlow aims to become a reliable and trusted energy companion for individuals and families, providing accessible and renewable power solutions at home, outdoors, and in mobile spaces. Today, with operational headquarters located in the USA, Germany, and Japan, EcoFlow has empowered more than 2.5 million users in over 100 markets worldwide.

EcoFlow’s 11/11 Specials in Thailand: Powering Adventures and Homes with Discounts Up to 20%

BANGKOK, THAILAND – Media OutReach – 8 November 2023 – Double 11 (11/11) is coming soon, once again bringing unparalleled deals and discounts. EcoFlow, a pioneer in sustainable energy solutions, has joined the fray with promising offers to light up the occasion.

From November 11th-15th, EcoFlow is unveiling a series of exclusive offers on Lazada and Shopee for Thai shoppers, with discounts of up to 20% off.

As leaders in sustainable energy, EcoFlow offers a suite of portable power stations (PPS) perfect for outdoor adventures, and reliable emergency backup. EcoFlow’s solutions, including the RIVER 2 Pro and DELTA 2, bring portability, durability, and up to 10 years of daily use capability. These devices are not just lightweight and easy to carry but also feature long-lasting and safe LFP batteries.

For those who love outdoor activities or need dependable power during emergencies, the RIVER 2 Pro is an ideal choice. Available at ฿4300 off during the sale, this versatile and lightweight device employs advanced X-Stream technology, enabling it to recharge from 0-100% in just 70 minutes – up to five times faster than its peers. It’s an excellent ally for camping, traveling, or powering essential household items.

The DELTA 2, offered at a ฿8200 discount, is a must-have for homes that prioritize power reliability, comfort, and eco-friendliness. With an expandable energy storage capacity of 1-3kWh, it supports over 90% of everyday household appliances, including microwaves and hair dryers. The DELTA 2 ensures multiple days of home backup energy, making it a powerful and eco-friendly solution for a variety of needs.
EcoFlow’s offerings this 11/11 are more than just products; they represent lasting, reliable energy solutions suitable for any circumstance—ensuring users invest in their peace of mind.

Hashtag: #EcoFlow

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

About EcoFlow

EcoFlow is a leading eco-friendly energy solutions company with the vision to power a new world. Since its founding in 2017, EcoFlow aims to become a reliable and trusted energy companion for individuals and families, providing accessible and renewable power solutions at home, outdoors, and in mobile spaces. Today, with operational headquarters located in the USA, Germany, and Japan, EcoFlow has empowered more than 2.5 million users in over 100 markets worldwide.

Laos Explores Growth Opportunities in Wood Processing Industry through EU, Regional Cooperation

Only 40% of Forest Cover left in Laos, Says Ministry of Agriculture and Forestry
Deforestation in Ban Khangkao, Houameuang district. (Photo: SDNR-Asia)

As the wood processing industry in Laos is poised for significant growth in export value and economic development, the Lao government has been working with partners from the European Union and Southeast Asia to strengthen the regulatory and institutional framework of the forestry sector.

To this end, the Department of Forestry organized a workshop in collaboration with the EU-backed International Trade Centre’s Arise Plus project to outline the country’s priorities within the Lao Wood Processing Strategy and Export Roadmap. The discussions also delved into strategies for addressing challenges arising from the European Union’s Deforestation Regulation and its implications for the wood sector in Laos.

Under the EU Regulation, any trader who aims at putting on the EU market forest-sourced products such as soy, palm oil, wood, cocoa, coffee, rubber, and furniture, will need to prove that they “don’t originate from recently deforested land or have contributed to forest degradation.”

Laos, like other major exporters in Southeast Asia, including Indonesia, Malaysia, and Vietnam, faces challenges under the EU Regulation requiring traders to demonstrate that forest-sourced products comply with deforestation standards before entering the EU market.

In a bid to fortify Laos’s wood processing industry and enhance its global competitiveness, a delegation from the country participated in a knowledge-sharing session with Indonesia’s Environment and Forestry (KLHK) Ministry on 23 October in Jakarta. The focus of the session was Indonesia’s effective implementation of the Legality and Sustainability Verification System (SVLK), showcasing its positive transformational impact on the forestry sector.

The now-mandatory SVLK, developed over a decade ago, involves Conformity Assessment Bodies (CABs) conducting audits of business units or wood products and requires all timber from state-owned and private forests to obtain verification of legality. This process is closely monitored by the community and non-governmental organizations, acting as independent watchdog groups. 

Agus Justianto, the director-general of sustainable forest management at the KLHK Ministry, highlighted the pivotal role this system has played in combating illegal logging in Indonesia, which was a significant threat across the country in the early 2000s. The system resulted in a 75 percent reduction in deforestation over the past three years, according to the minister.

Indonesia’s success story extends to its record-breaking export value of forestry products, reaching USD 14.21 billion in 2022 despite the challenges of the COVID-19 pandemic. This result led to the signing of a voluntary partnership agreement with the European Union to facilitate the issuance of licenses exempting Indonesian wood products from the due diligence process under the European timber regulation.

In the meeting with the Indonesian delegation in Jakarta, Director-general of the Forest Inspection Department of the Laotian Ministry of Agriculture and Forestry, Khamphone Mounlamai, mentioned that Laos aspires to reach a similar partnership agreement with the EU in the near future.

As the Lao wood processing sector holds the potential to drive economic growth, the country is actively boosting its partnerships with the European Union and regional players, slowly thriving in the global wood market.

HKBU-led research discovers therapeutic potential of hyodeoxycholic acid for non-alcoholic fatty liver disease

HONG KONG SAR – Media OutReach – 8 November 2023 – A research led by Hong Kong Baptist University (HKBU) has discovered that hyodeoxycholic acid (HDCA), a bile acid generated in human intestine, can reduce fat accumulation and inflammation in the liver, demonstrating its strong therapeutic potential for non-alcoholic fatty liver disease (NAFLD). The research also found that HDCA’s intervention in NAFLD works by reshaping the population of beneficial gut bacteria, which affects the metabolic interactions between the gut and the liver. The result highlighted the critical role of gut health in liver disease.

A research led by Professor Jia Wei, Acting Dean and Chair Professor in Chinese Medicine and Systems Biology of the School of Chinese Medicine at HKBU, discovers that hyodeoxycholic acid offers promising potential as a pharmaceutical intervention for non-alcoholic fatty liver disease.
A research led by Professor Jia Wei, Acting Dean and Chair Professor in Chinese Medicine and Systems Biology of the School of Chinese Medicine at HKBU, discovers that hyodeoxycholic acid offers promising potential as a pharmaceutical intervention for non-alcoholic fatty liver disease.

The research findings have been published in the renowned scientific journal Cell Metabolism. HKBU researchers will coordinate a phase I and II clinical trial in the Mainland to evaluate the safety and efficacy of HDCA for patients with fatty liver disease and type 2 diabetes.

32% of adults suffer from NAFLD

NAFLD is a leading cause of chronic liver disease, characterised by the build-up of excessive fat in liver cells that is not caused by alcohol consumption. Its global prevalence has been increasing over time. A meta-analysis in 2022 estimated that 32% of the adult population is affected by NAFLD. Some people with NAFLD can develop non-alcoholic steatohepatitis, which is marked by liver inflammation and may progress to cirrhosis and liver failure. Currently, there are no therapeutic drugs available for sale on the market for non-alcoholic steatohepatitis.

A research led by Professor Jia Wei, Acting Dean and Chair Professor in Chinese Medicine and Systems Biology of the School of Chinese Medicine at HKBU, discovered that HDCA offers promising potential as a pharmaceutical intervention for NAFLD. “Our research is a significant stride forward in understanding the pathophysiology of NAFLD, and it offers a potential new avenue for therapeutic intervention,” he said.

Therapeutic effects of HDCA

Professor Jia’s team found that individuals with NAFLD have lower levels of HDCA compared to those without NAFLD. In a cohort consisting of 178 patients with NAFLD and 73 healthy individuals, hyocholic acid species, including HDCA and its major metabolite glycohyodeoxycholic acid, comprises 0.5% of the bile acids in NAFLD patients, which is significantly lower than the 2% in healthy individuals. This observation led the team to explore HDCA’s potential therapeutic role.

A series of controlled experiments were conducted to evaluate the therapeutic effect of HDCA. The team orally fed HDCA to mouse models with NAFLD for eight weeks. The results showed that HDCA markedly reduced excessive lipid droplets, and improved hepatic inflammation, oral glucose tolerance (i.e. the blood glucose level after oral intake of glucose), and insulin sensitivity (i.e. the sensitivity of the body to the effects of insulin which helps the glucose to enter into the cells for use) compared to the control group. The results revealed that HDCA alleviated NAFLD conditions and the risk factors of NAFLD such as type 2 diabetes and insulin resistance.

Interestingly, the researchers found that HDCA did not exert its therapeutic effects on NAFLD by directly targeting liver cells. They evaluated the potential direct effect of HDCA on lipid accumulation in a mouse model. The results showed that lipid accumulation was barely affected by the HDCA. They hypothesised that HDCA induced gut microbiota alterations, which might contribute to the alleviation of NAFLD.

HDCA reshapes gut microbiota

The researchers observed that HDCA could improve the population of beneficial gut bacteria. Parabacteroides distasonis (P. distasonis), a member of the core microbiome in the human gut, sharply increased in the mouse model fed with high-fat food and administered with HDCA, compared with the control group fed with high-fat food only. The results revealed that HDCA provided a favorable environment for the thriving of P. distasonis, which regulates fatty acid metabolism as well as the hepatic bile acid synthesis pathways.

“The study underscores the crucial role of the gut-liver metabolic axis in disease management. We hope that the research findings on HDCA and the clinical trial to be conducted in the Mainland will provide more insights into the treatment of fatty liver disease and non-alcoholic steatohepatitis,” said Professor Jia.

Professor Jia has also led a research project investigating the molecular connections between metabolic-associated fatty liver disease and type 2 diabetes mellitus, with a specific focus on host-gut microbiota interactions. The project has been awarded over HK$7.2 million in research funding from the Theme-based Research Scheme (13th round) under the Research Grants Council.

Hashtag: #fattyliverdisease

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

pCloud, the leading cloud storage service, unveils the exclusive Lifetime 3in1 Plan for Singles Day Only

ZUG, SWITZERLAND – Media OutReach – 8 November 2023 – The cloud storage company made its debut in September 2013. Driven by the increasing demand for cybersecurity, the forward-thinking pCloud team entered the rapidly expanding IT market with a mission to offer a seamless cloud storage solution for individuals and businesses alike.

In addition to its intelligent file security measures and a wide array of file management options, the company has been a trailblazer in the industry with its innovative Lifetime plan. This unique pricing model grants users the opportunity to obtain a lifelong account with a single payment.

For pCloud users in Asia, there’s even more cause for excitement. The cloud storage provider has recently unveiled its new Singles Day Promotion.

Between November 8th and 14th, users can enjoy a 53% discount on storage, with the opportunity to receive up to 10 TB, and a 56% discount on the New Lifetime 3in1 Bundle.

The dynamic pCloud team’s progress has been marked by the introduction of fresh features, products, and offerings, including the pCloud Pass password manager and the innovative 3in1 Bundle.

The 3in1 Lifetime Bundle is the key to transforming how you store, protect, and access your data.

What’s Inside the 3in1 Bundle?
Inside this game-changing Bundle, users will receive:

  • 5TB Lifetime Storage: This spacious storage allocation accommodates various digital needs. Preserve memories, work, and important files securely in the cloud without recurring fees.
  • Lifetime pCloud Encryption: Utilize state-of-the-art encryption technology to safeguard sensitive data and ensure personal and professional information’s exclusivity.
  • Lifetime pCloud Pass: Access premium benefits for fast, secure, and user-friendly file sharing and collaboration, streamlining digital operations for enhanced productivity.


Securing the Digital Tomorrow

The pCloud Exclusive 3in1 Lifetime Bundle doesn’t merely store data; it safeguards, encrypts, and grants accessibility from anywhere, at any time.


Hashtag: #pCloud



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

pCloud

With over 19M users worldwide pCloud is one of the most advanced and easy-to-use cloud storage on the market. Founded ten years ago by a group of IT specialists and entrepreneurs, the company provides innovative, fast and secure cloud storage for individuals and businesses. Today, the service is one of the top 5 cloud storage services and is in competition with top providers such as Google and Dropbox. With unique features such as pCloud Drive, branded download links, upload links, and synchronizing multiple folders, pCloud delivers unmatched versatility, security, and sharing capabilities. With pCloud Drive, files can be completely stored in the cloud, freeing up local hard drive space. This also improves the upload and download speed of files of any size that can be accessed anytime, anywhere. pCloud is the first cloud storage provider to offer two types of encryption methods for easy access and collaboration, and another one for sensible data storage that is not intended for collaboration and sharing. With pCloud’s unique client-side encryption functionality users’ files are safely hidden from any unauthorized access.