SINGAPORE – Media OutReach Newswire – 1 August 2024 – The Institute of Singapore Chartered Accountants (ISCA) has set aside $5 million to organise the inaugural World Accountancy Forum (WAF) in Singapore in 2025, bringing together around 3,000 top business and accountancy leaders worldwide to discuss key issues and trends in business and accountancy. The theme of the World Accountancy Forum is slated to be “Business Transformations amid Megatrends: Professional Accountants Lead the Way” and it will be held in November 2025.
Announced at ISCA’s Annual Dinner on 1 August 2024, the WAF aims to be the premier global platform to facilitate a meeting of minds between global leaders in business and accountancy such as international standard-setters, professional accountancy associations, and regulators. Accountancy is increasingly playing a proactive role in the most pressing business issues of the day. This includes advising on business strategy, reporting on sustainability, and incorporating the uses and governance of new technologies, like artificial intelligence, into business processes. Increasingly, business and accountancy ecosystems are aligning to achieve universally beneficial objectives. As global issues intensify, the need for strengthened international collaboration has become greater.
As such, Singapore hopes to play a conduit role for businesses and our profession. Prominent international accountancy and business leaders will be invited to share their thoughts and expertise at the forum. In addition, ISCA will welcome global organisations and institutions in business and accountancy, including leading international alliances, professional bodies and business firm networks, to hold their annual meetings and conferences in Singapore, in conjunction with the forum.
ISCA President Mr Teo Ser Luck said: “ISCA is proud to spearhead the World Accountancy Forum. We are hosting this forum to foster dynamic dialogue and the exchange of ideas on pressing issues facing the industry. We hope that this forum will become a cornerstone for future editions that will continue to enhance the business landscape.”
At the Annual Dinner, ISCA also honoured leaders in the accountancy profession with the Distinguished Lifetime Membership (DLM) and Special Appreciation Awards. The DLM, which is conferred to esteemed individuals who have contributed to the accountancy profession, the business community and public service, was awarded to Mr Chaly Mah.
Mr Mah, Chairman of Surbana Jurong Group and Netlink NBN Management Pte Ltd, said: “I am deeply honoured to receive the DLM, joining an esteemed group of DLMs who have contributed extensively to the industry. I hope that the accountancy profession will continue to flourish and inspire future generations of leaders in this field.”
Mr Ong Khiaw Hong, the Singapore Chartered Accountant Qualification (SCAQ) Advisory Panel (represented by Ms Lai Chin Yee, Chairperson of the panel), and the Accountancy Workforce Review Committee (represented by Mr Chaly Mah, Co-Chair of the committee) received the ISCA Special Appreciation Awards.These awards recognise their significant contributions to Singapore’s accountancy and business sectors.
ISCA President Mr Teo Ser Luck said: “The conferment of the Distinguished Lifetime Membership and Special Appreciation Awards is ISCA’s way of recognising trailblazers who have made a profound impact on the accountancy profession. We thank them for their exemplary leadership which will serve as a beacon for future professionals and inspire continued excellence in this industry.”
The DLM is part of ISCA’s efforts to honour individuals who have made significant, long-term contributions to the accounting profession and have played a pivotal role in shaping its future. Since the start of the year, ISCA has seen signs of healthy growth within the profession, with around 1,000 new SCAQ candidate enrolments as of June — more than double the number from the same period last year. ISCA anticipates to close 2024 with the highest enrolment numbers since the programme’s inception.
The issuer is solely responsible for the content of this announcement.
Institute of Singapore Chartered Accountants
The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore with over 36,000 ISCA members making their stride in businesses across industries in Singapore and around the world. ISCA members can be found in over 40 countries and members based out of Singapore are supported through 12 overseas chapters in 10 countries.
Established in 1963, ISCA is an advocate of the interests of the profession. Complementing its global mindset with Asian insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards the advancement of the accountancy profession.
ISCA administers the Singapore Chartered Accountant Qualification programme and is the Designated Entity to confer the Chartered Accountant of Singapore – CA (Singapore) – designation.
ISCA is a member of Chartered Accountants Worldwide, a global family that brings together the members of leading institutes to create a community of over 1.8 million Chartered Accountants and students in more than 190 countries.
CHENGDU, CHINA – Media OutReach Newswire – 1 August 2024 – From July 20th to July 26th, a delegation of 30 students and teachers from renowned high schools and universities across the United States visited Chengdu, Dujiangyan, and the Sanxingdui Museum in Guanghan, Sichuan.
The American student delegation was invited by Southwest Jiaotong University to engage in an 18-day study tour centered around “Chinese Cultural Heritage and Sustainability” in southwest China.
Professor Li Haichao talked with the American students at Sanxingdui Museum.
During this visit, the students explored topics such as “Maglev and Future Transportation,” “Dujiangyan and Ecological Irrigation Project,” “Pandas and Environmental Protection,” “Sanxingdui and the Ancient Shu Civilization,” “Traditional Folk Houses and Custom” “Traditional Costume and Sichuan Opera,” “River Management and Urban Development ,” and etc. They engaged in face-to-face discussions with experts in maglev technology, hydrology, panda conservation, artifact restoration, archaeology, residential landscape and urban planning architecture, Sichuan opera, and intangible cultural heritage.
Chinese and American students collaborated on an art project themed “Pandas and Friends,” expressing their shared commitment to panda conservation and sustainability through artistic creation.
On July 26th, Chinese and American students collaborated on an art project themed “Pandas and Friends,” expressing their shared commitment to panda conservation and sustainability through artistic creation. The American students,together with volunteers from Southwest Jiaotong University and high school students from Wanhui Academy Dujiangyan, produced nearly 30 prints and jointly created a collaborative art work. This artwork was exhibited at the Chengdu Art Museum on the same day. At the opening ceremony, Xiao Feige, the Deputy Director of the Chengdu Art Museum, Dr. John Flower, the Founder of China Folk House in the USA, and Associate Professor Liu Bo, the Deputy Director of the International Communication Center at School of Foreign Languages, Southwest Jiaotong University delivered speeches acknowledging the significant impact of this cultural exchange event. American student Myles King commented,
“Learning woodblock printing was an incredible experience, but more importantly, this exhibition gave us the opportunity to interact with Chinese students and create art together, making us truly becoming a bridge (of friendship) between China and the USA.”
From July 27th to August 6th, the visiting delegation will continue their educational tour in Yunnan with a theme of “Intangible Cultural Heritage and Craftsmanship Inheritance.”
The visit of the American youth to Southwest China is organized under the “YOUTH LINK” project by the International Communication Center of Southwest Jiaotong University.
In 2021, the International Communication Center at the School of Foreign Languages, Southwest Jiaotong University launched the “YOUTH LINK” project which has been committed to promoting international cultural exchanges among youth. YOUTH LINK has organized several events such as “Online Dialogues between International Youth,” “China Tour and Chengdu Trips for Global Youth” and “China-US Youth Exchange Forum.”
Hashtag: #SouthwestJiaotongUniversity
The issuer is solely responsible for the content of this announcement.
Hong Kong SAR- Media OutReach Newswire – 1 August 2024 – The following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom.
Highlights
Underlying Group profit attributable to shareholders of US$76 million, up from US$33 million in the prior year
Good profit growth in Food and Convenience
Health and Beauty profit contribution grew 3%
Continued net debt reduction
Interim dividend of US¢3.50 per share
“We are pleased to report strong first half underlying profit growth to US$76 million. Despite a challenging retail backdrop, our Hong Kong food business continued to see market share gain with improving profitability. Good underlying profit growth in the Convenience segment and robust profit contribution from Health and Beauty demonstrate the benefit of our diversified portfolio as we continue to navigate the evolving consumer landscape effectively with our strategic initiatives and accelerating omnichannel presence.”
Scott Price Group Chief Executive
OVERVIEW
The Group reported first half underlying profit of US$76 million, up from US$33 million in the same period last year, primarily driven by the Convenience and Food divisions. Associates’ performance also improved due to reduced loss from Yonghui.
Total first half revenue for the Group, including 100% of associates and joint ventures, declined by 6% year-on-year to US$12.6 billion, primarily driven by lower sales in Yonghui. Subsidiary sales, excluding the impact of the divestment of the Group’s Malaysia food business in March 2023, came in 2% below the prior year.
The underlying profit of subsidiaries was US$73 million for the first half, up over 80% year-on-year. The Group’s associates reported an underlying profit of US$3 million, an improvement of US$10 million from the same period last year, resulting in an underlying profit attributable to shareholders of US$76 million for the first half.
Operating cash flow, after lease payments, for the period was a net inflow of US$155 million, compared with US$149 million in the first half of 2023. As at 30th June 2024, the Group’s net debt was US$549 million, down from US$618 million at 31st December 2023.
The Group declared an interim dividend of US¢3.50 per share, representing an increase of 17% compared to the same period last year.
OPERATING PERFORMANCE
Subsidiaries
Revenue for the Group’s Food division in the first half reduced marginally to US$1.6 billion, after excluding the impact of the divestment of the Group’s Malaysia food business last year. Divisional profit increased to US$26 million driven by improved sales mix and disciplined cost control. Hong Kong sales remained largely stable year-on-year, despite the outflow of residents to the Chinese mainland at weekends and pent-up demand for outbound travel during holiday periods. This sales performance has been supported by continued market share gain, strong in-store execution and some growth in basket sizes. The Wellcome team continues to evolve its range and assortment by introducing new local brands to appeal to evolving customer needs and leveraging data to assist in the decision-making process. To expand its channels to market, Wellcome also launched a partnership with Foodpanda in May to provide a 45-minute click-and-deliver service for both fresh product and everyday essentials with encouraging sales momentum. While Singapore food like-for-like (‘LFL’) sales performance continued to be affected by challenging consumer sentiment, a better product margin mix and strong cost control significantly improved profitability.
Revenue for the Convenience division was marginally lower compared to the corresponding period in 2023. In Hong Kong, LFL sales performance was affected by reduced cigarette volumes following tax increases that came into effect at the end of February, while 7-Eleven Singapore and South China reported robust LFL sales growth, driven by increased foot traffic and strong performance in non-cigarette categories led by ready-to-eat (‘RTE’). Overall, non-cigarette LFL sales increased by approximately 4% for the period, with RTE sales growing 13%. Favourable product mix shift towards non-cigarette categories supported margin accretion and profit growth across all markets. As a result, Convenience profit grew 73% in the first half compared to the same period last year.
Sales for the Health and Beauty division were broadly in line with the same period last year, with profit up 3% year-on-year. The division reported good LFL sales performance in the first quarter which then decelerated in the second quarter, particularly in Hong Kong. Mannings Hong Kong performance in the second quarter was affected by a strong comparable period last year due to consumption voucher disbursements which occurred in April 2023, outbound travel during the extended holiday period of Easter and Ching Ming Festival, and to a lesser extent, weaker performance from tourist cluster stores due to adverse weather conditions for the majority of the second quarter. Mannings Macau LFL sales performance was adversely affected by a strong comparable in the prior year, with profits reducing as a result. Guardian reported solid LFL sales growth for the first half, driven by effective in-store execution and promotions, particularly in Indonesia, with continued market share gain across key South East Asian markets. Guardian also reported good profit growth in the first half, driven predominantly by strong performance in Indonesia and Singapore. The integration of the Own Brand team for Food and Health and Beauty is expected to further strengthen the Group’s competitive advantage through synergy, scalability and cost optimisation.
Challenging residential property market activity remains an overhang on the sales performance and profitability of the Home Furnishings division. Sales in Hong Kong and Indonesia were adversely impacted by subdued property market sentiment and reduced customer traffic. IKEA Taiwan reported slightly lower LFL sales than the prior year, due to temporary disruption caused by the Hualien earthquake in early April, with a quick business recovery thereafter. Despite strong cost control measures in place, the challenging sales environment materially affected IKEA’s profit during the reporting period.
Digital
As part of the Group’s digital strategy reset, we have relaunched a Wellcome app and website in Hong Kong and will also be relaunching apps for our other major brands in the second half. We have also expanded our quick commerce service in our Food and Convenience networks, providing a refined omnichannel experience for customers. The Group’s daily e-commerce order volume reached over 52,000 in the first half of the year, growing by close to 40% relative to the same period last year. Growing e-commerce volumes sustainably has been a key priority for the management team, with the e-commerce profit contribution also seeing substantial improvement in the first half.
The yuu Rewards programme continues to grow with over 5 million members and is close to 3 million monthly active members in Hong Kong, in addition to 1.7 million members in Singapore. The Group is beginning to leverage the rich data from the loyalty programme to enhance in-store operations, particularly in areas such as improving range and assortment. During the first half, the Group expanded its own Retail Media network and successfully executed more than ten targeted marketing campaigns on the yuu platform in Hong Kong. These initiatives drove improved sales performance for the Group’s retail businesses and generated incremental advertising revenue.
Associates
The Group’s share of Maxim’s underlying profit was US$8 million for the first half, a year-on-year decline of 31%. The performance of Maxim’s was adversely affected by challenging trading conditions due to increased outbound travel and reduced weekend dining out in Hong Kong as well as weak consumer sentiment on the Chinese mainland.
The Group’s share of Yonghui’s underlying loss was US$8 million, a significant improvement from US$17 million loss during the same period last year, driven by ongoing optimisation efforts in relation to costs and store footprints.
The Group’s share of Robinsons Retail’s underlying profit increased 14% to US$8 million in the first half, driven by improved sales mix and disciplined cost control.
PEOPLE
Clem Constantine will retire from his role as Group Chief Financial Officer on 1st October 2024. Clem has been instrumental in shaping the financial and strategic landscape of the organisation, overseeing improvements in financial performance and playing a pivotal role in defining and executing DFI’s long-term strategic initiatives, driving sustained growth and value creation. Tom van der Lee will succeed Clem as Group Chief Financial Officer with effect from 1st October 2024. Tom joined DFI in January 2016 and has held a range of senior financial roles within the organisation over the past eight years, including Finance Director for Singapore, Finance Director for South East Asia, and Finance Director for DFI Retail Group.
After years of exemplary service and invaluable contributions to our organisation, Choo Peng Chee will retire from his role as Chief Executive Officer, Food on 1st September 2024. With Choo’s retirement, Curtis Liu will succeed as Chief Executive Officer, Food. Curtis has over 24 years of retail experience across Chinese mainland and Taiwan, having previously served as Merchandise and Marketing Director for Wellcome Taiwan from 2004 to 2013. Curtis’ recent roles at JD.com, Meicai, and Walmart China have equipped him with significant expertise in O2O omnichannel strategies and data-driven customer analysis.
The Group thanks both Clem and Choo for their years of service and significant contributions to the organisation.
BUSINESS DEVELOPMENTS
The disposal of the Group’s Hero supermarket business in Indonesia was completed at the end of June. The transaction aligns with the Group’s strategic framework. Post-completion, DFI’s operations in Indonesia will fully pivot to the Guardian and IKEA businesses. The Group remains confident in the long-term prospects of these two businesses and the opportunity for future market share gain.
OUTLOOK
The Group expects second half outlook to remain challenging given macro uncertainties, shifting customer behaviours and increased levels of outbound travel, particularly into the Chinese mainland from Hong Kong. Nevertheless, our streamlined, format-focussed organisation provides us with the agility needed to respond swiftly to the evolving consumer landscape. These actions include improving the local relevance across our assortment, tapping into larger addressable markets where we see earnings accretive opportunities, strengthening our omnichannel experience and accelerating monetisation initiatives from our yuu Rewards loyalty programme. With our diversified business portfolio, strong brand equity, a sharpening focus on operating efficiency and our revamped digital strategy, we are confident that the Group is well-positioned to deliver sustained, profitable growth and shareholder returns in the long term.
The Group reiterates its guidance for 2024 underlying profit attributable to shareholders to be between US$180 million and US$220 million.
Scott Price Group Chief Executive
For the full detail of financial results, please refer to the 2024 Half-year Results announcement posted on the Investors section of the DFI Retail Group website. Hashtag: #DFIRetailGroup #ColdStorage #Giant #Wellcome #Yonghui #7-Eleven #Guardian #Mannings #IKEA #yuu #Maxim’s #Robinsons
The issuer is solely responsible for the content of this announcement.
About DFI Retail Group
DFI Retail Group (the ‘Group’) is a leading pan-Asian retailer. At 30th June 2024, the Group and its associates and joint ventures operated some 11,000 outlets with more than 5,000 stores operated by subsidiaries. The Group together with associates and joint ventures employed over 200,000 people with some 47,000 people employed by subsidiaries. The Group had total annual revenue in 2023 exceeding US$26 billion and reported revenue exceeding US$9 billion.
The Group provides quality and value to Asian consumers by offering leading brands, a compelling retail experience and great service; all delivered through a strong store network supported by efficient supply chains.
The Group (including associates and joint ventures) operates under a number of well-known brands across six divisions. The principal brands are:
Food Wellcome in Hong Kong S.A.R.; Yonghui on the Chinese mainland; Cold Storage and Giant in Singapore; and Robinsons in the Philippines.
Convenience 7-Eleven in Hong Kong and Macau S.A.R., Singapore and Southern China.
Health and Beauty Mannings on the Chinese mainland, Hong Kong and Macau S.A.R.; Guardian in Brunei, Cambodia, Indonesia, Malaysia, Singapore and Vietnam.
Home Furnishings IKEA in Hong Kong and Macau S.A.R., Indonesia and Taiwan.
Restaurants Hong Kong Maxim’s group on the Chinese mainland, Hong Kong and Macau S.A.R., Cambodia, Laos, Malaysia, Singapore, Thailand and Vietnam.
Other Retailing Robinsons in the Philippines operating department stores, specialty and DIY stores.
The Group’s parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong by DFI Retail Group Management Services Limited through its regional offices. DFI Retail Group is a member of the Jardine Matheson Group.
Saudia Group leads the aviation industry in the MENA region with the first eVTOL jets agreement
Munich, Germany – Newsfile Corp. – August 1, 2024 – Saudia Group and Lilium N.V. (NASDAQ: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today signed a binding sales agreement for 50 Lilium Jets, with options for 50 more. The signature ceremony was held at Lilium’s HQ in Gauting near Munich. The contract was signed by Fahd Al-Jarbou, CEO of Saudia Private, representing Saudia Group, and Lilium’s CEO Klaus Roewe, in the presence of several distinguished guests including HRH Prince Abdullah bin Khalid bin Sultan bin Abdulaziz, Ambassador of the Kingdom of Saudi Arabia to Germany; Michael Kindsgrab, the German Ambassador to the Kingdom of Saudi Arabia; H.E. Engr. Ibrahim Al-Omar, Director General of Saudia Group; H.E. Abdulaziz Al-Duailej, President of Saudi Arabia’s General Authority of Civil Aviation (GACA); and Lilium Chairman Tom Enders.
This sales agreement, which follows the Memorandum of Understanding between Saudia Group and Lilium signed in October 2022, marks the largest of its kind in the MENA region and represents an important industry milestone as the largest firm order of eVTOL aircraft by an airline that plans to operate the aircraft. It signals unparalleled commitment to electric aviation from a world-leading operator, as well as a clear preference towards the superior performance, economics, and passenger experience provided by the Lilium Jet.
The agreement includes a schedule of deposit and pre-delivery payments, timeline of future deliveries, guarantees on aircraft performance, and provisions on spare parts, maintenance, and repairs. In addition, the parties intend to sign a comprehensive “Lilium POWER ON” agreement for aircraft fleet maintenance and support services.
H.E. Engr. Ibrahim Al-Omar, Director General of Saudia Group, commented at the signing event: “Saudia Group is proud to pioneer the MENA region as the first company to acquire all-electric eVTOL jets, which reflects our commitment to continuously reducing its carbon footprint and becoming an industry leader in regional electric aviation. We recognize the critical role that Lilium is positioned to play in enabling us to deliver a sustainable premium aviation experience and transport our guests even closer to their destination. This agreement amplifies our commitment to the Saudi Vision 2030 and is the result of a collaborative effort over the past years between Lilium and Saudia Group to explore how we can best bring eVTOL to the skies of Saudi Arabia. We are looking forward to the journey ahead.”
Through this agreement, Saudia Group continues its ambitious objective to bring the world to the Kingdom by deploying its fleet of advanced eVLOT jets. This initiative enhances connectivity by providing seamless first and last leg connections into Saudia Group’s regional hubs and new point-to-point city connections, such as Jeddah to Makkah, reducing regional travel times by up to 90%. These jets support Hajj and Umrah pilgrimages, offer faster access to key sports and entertainment events in Riyadh, and unlock new possibilities for exploring hard-to-reach tourist destinations across the Kingdom. Additionally, business travelers attending conferences and events will benefit from improved access and swift transportation. The eVLOT jets will increase flight frequencies and decrease traffic congestion, providing a fast and convenient alternative for reaching various destinations within the Kingdom.
Saudia Group expects to receive the first jet in 2026, for which operations will be managed and run by Saudia Private, a subsidiary of Saudia Group. The Lilium jet will feature large, premium cabins with capacity for up to six passengers plus luggage. It will deliver the Saudia premium experience that is deeply valued by the airline’s guests.
Prior to commercialization, Saudia Group will provide strategic support in Lilium’s certification process with the General Authority of Civil Aviation (GACA), Saudi Arabia’s aviation regulatory agency.
Klaus Roewe, CEO of Lilium, said: “We are proud of our partnership with a five-star airline such as Saudia. And we are thrilled to be pioneering progress in the eVTOL industry as the eVTOL manufacturer with the largest firm purchase order from an international airline that plans to operate the aircraft. The Middle East is a priority for Lilium, and Saudi Arabia will be a very large and exciting market for electric, high-speed regional air mobility. Our partnership will combine Saudia Group’s unrivalled market knowledge with our unique eVTOL technology to transform premium class air travel in the GCC region.”
This purchase agreement with Saudia Group marks the latest addition to Lilium’s extensive order pipeline that now consists of 106 firm orders and reservations, 76 options, and roughly 600 aircraft under MOU. Lilium is in advanced discussions with additional global carriers that are looking to reduce carbon emissions and electrify regional air travel.
-ends-
About Lilium Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Using the Lilium Jet, an all-electric vertical take-off and landing jet, designed to offer leading capacity, low noise, and high performance with zero operating emissions, Lilium is accelerating the decarbonization of air travel. Working with aerospace, technology, and infrastructure leaders, and with announced sales and indications of interest in Europe, the United States, China, Brazil, UK, and the Kingdom of Saudi Arabia, Lilium’s 1000+ strong team includes approximately 500 aerospace engineers and a leadership team responsible for delivering some of the most successful aircraft in aviation history. Founded in 2015, Lilium’s headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S. To learn more, visit www.lilium.com.
About Saudia Group: Saudia Group is one of the largest aviation conglomerates in the MENA region. The Group drives industry development with its 12 subsidiaries and strategic business units, and offers world-class air transport, cargo services, ground services, logistics, maintenance, catering, private aviation, real estate, training, and medical services.
Its most prominent subsidiary is Saudi Arabian Airlines “Saudia”, the national flag carrier of Saudi Arabia and a leading airline in the Middle East with a fleet of 144 aircraft and servicing more than 100 destinations to and from the Jeddah (JDH) and Riyadh (RUH) airports.
Saudia Group also caters to diverse passenger segments through entities like flyadeal for economy travelers, Saudia Private for elite travelers, and the Saudia Royal Fleet for the Saudi Arabia Royal Family. Saudia Technic, the Maintenance, Repair, and Overhaul (MRO) division, provides aircraft maintenance and manufacturing across continents, operating across the MENA region. Saudia Academy, the training arm of the group, is the largest aviation training academy in the MENA region.
Lilium Forward-Looking Statements: This press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws, including, but not limited to, statements regarding (i) Lilium N.V.’s and its subsidiaries (collectively, the “Lilium Group”) proposed business and business model, (ii) the markets and industry in which the Lilium Group operates or intend to operates, (iii) the expected features and specifications of the Lilium Jet, (iv) the anticipated timing of the commercialization and launch of the Lilium Group’s business in phases, including the expected timing for the first manned flight, receiving type certification, and initial deliveries of the Lilium Jet, and (v) the Lilium Group’s agreement with Saudia for the purchase of 50 Lilium Jets, with an option for SAUDIA to purchase an additional 50 Lilium Jets, and the proposed development and operation of an eVTOL network in the Kingdom of Saudi Arabia. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “could,” “expect,” “estimate,” “future,” “intend,” “may,” “on track,” “plan,” “project,” “should,” “strategy,” “will,” “would” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on management’s current expectations with respect to future events and are based on assumptions and subject to risks and uncertainties that are subject to change at any time. Actual events or results may differ materially from those contained in the forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements in this press release include (but are not limited to) the risk that Lilium experiences delays in obtaining, or fails to obtain, type certification for the Lilium Jet in Europe, the United States, the Kingdom of Saudi Arabia and/or the other markets that it conducts or intends to conduct sales activities, as well as those risks and uncertainties discussed in Lilium N.V.’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including in the section titled “Risk Factors” in Lilium N.V.’s Annual Report on Form 20-F for the year ended December 31, 2022, on file with the SEC, and similarly titled sections in Lilium’s other SEC filings, all of which are available at www.sec.gov. Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements, and the Lilium Group assumes no obligation to, and does not intend to, update, or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
The issuer is solely responsible for the content of this announcement.
Partners with The GBA Healthcare Group to offer personalised and comprehensive health checks enhancing medical protection
HONG KONG SAR – Media OutReach Newswire – 1 August 2024 –Following the recent launch of its new brand, Chow Tai Fook Life Insurance Company Limited (“CTF Life”) proudly presents its new Prime Treasure Savings Insurance Plan (“Prime Treasure”) today. This innovative plan combines savings, wealth accumulation, succession planning and life insurance into one, allowing customers to manage their finances flexibly according to their personal needs, and secure a bright future for themselves and their loved ones. Continuously creating value beyond insurance, CTF Life has partnered with The GBA Healthcare Group (“GBAH”), a member of the Chow Tai Fook Enterprises Limited, to offer high-quality Hong Kong-style medical services in Mainland China for frequent travellers across the border.
Jarita Kwan, Chief Product Officer of CTF Life, stated, “In the rapidly changing economic landscape, we recognise our customers’ ambition to grow their wealth steadily. In response to this need, we are excited to introduce Prime Treasure, an innovative savings insurance plan as part of our new brand launch. This plan provides guaranteed cash value and non-guaranteed dividends, with a guaranteed breakeven period as short as 6 years, and a projected breakeven period of 4 years along with a variety of policy options. Customers can have the flexibility to withdraw the policy value regularly, thereby creating their own pension to flexibly prepare for retirement or wealth succession planning. This customer-centric approach empowers individuals to efficiently reach their financial goals while benefiting from top-notch savings protection.”
The outstanding features of the Prime Treasure include:
Guaranteed Breakeven Period as short as 6 Years2 – the choice for steady wealth accumulation: With a single premium, customers can enjoy a guaranteed cash value of up to 80%2of the total premiums paid1 upon policy issuance, a guaranteed breakeven2after 6 years, and a projected breakeven period as short as 4 years2. Customers can also exercise the “Terminal Dividend Lock-In Options”3 to convert non-guaranteed terminal dividends into guaranteed annual dividends, allowing their wealth to steadily increase in value. Take a policy with a single premium of USD 300,000 as an example, in addition to achieving the projected breakeven2 and guaranteed breakeven2 on the 4th and 6th policy anniversary respectively, at the end of the 10th, 15th and 25th policy anniversary, the total policy value4 of which can reach 150%, 200% and even more than 350% of the total premiums paid1 respectively2.
Policy Split Option: After the end of the 5th policy year, customers can split the policy into two in each policy year by allocating a portion of the units of the existing policy to a separate one. The process involves splitting a policy into two, then two becomes four, and so on, allowing customers to fully utilise the asset allocation feature of the plan.
Dual Succession Options: After the 6th policy monthly anniversary, customers may change the Insured for unlimited times5. The plan also offers the “Policy Continuation Option” 6 (i.e. the Beneficiary will become the new Owner (if applicable) and the new Insured upon the death of the Insured). The coverage period will be adjusted to the age of 128 of the new Insured, ensuring the policy to have sufficient time for wealth accumulation and can be passed to the next generations for an unlimited period of time.
Regular Cash Withdrawals creating your own passive income: With a single premium payment, customers may start withdrawing 5% of the total premiums paid1annually from the 2nd policy anniversary until policy maturity7, allowing them to plan for their retirement or wealth succession more flexibly and effectively.
To encourage customers to plan early for the future for themselves and their families, customers who apply for Prime Treasure during the promotion period can enjoy a 5% premium discount. With 5% premium discount, the regular withdrawal option will be enhanced to (1-1-5), allowing them to pay 1 (single) premium and then start withdrawing 5% of the net premium8 annually from their 1st policy anniversary until policy maturity7.
Cross-border services for all-round protection to our customers’ health CTF Life has been keeping abreast of the market trend. Since announcing a strategic partnership with GBAH earlier this year, the two have expanded their collaboration to provide enhanced medical and healthcare services for customers who are enjoying their retirement life in the Greater Bay Area, or need to travel frequently between Hong Kong and Guangdong for work. Customers of designated plans can enjoy:
Double Privileges of Personalised and Comprehensive Health Check Programme and First Year Premium Refund: Alongside Humansa and UMP, the newly added service provider, GBAH, now provides personalised and comprehensive health screenings for customers of designated saving plan, who can also receive up to a 2-month refund on their first-year premium.
Designated Medical Protection Upgraded9 : From now until 31 January 2025, customers of designated medical insurance plans can enjoy upgraded protection through pre-approval of in-patient admission / treatment at the four Top-Grade public hospitals and healthcare services centres under GBAH. The enhanced services include: (1) removal of the out-patient limit per visit for Chinese medicine treatment after discharge from hospital/day surgery; (2) double cash allowance for designated outpatient clinics/day surgeries, and (3) waiver of co-insurance for prescribed diagnostic imaging tests.
Notes:
Total Premiums Paid is defined as the total amount of premium(s) due and paid for the basic plan of the Policy or Split Policy (if created pursuant to the Policy Split Option provision) and after Large Size Discount (if applicable) but before any other premium discount (if any); pro-rated by the ratio of remaining Units after partial surrender to the Units at Policy issuance; if the Policy is partially surrendered, the Total Premiums Paid will be proportionately reduced.
The Total Policy Value can reach 150%, 200%, over 350% of the Total Premiums Paid at the end of the 10th, 15th and 25th policy anniversary respectively / Guaranteed Breakeven Period as short as 6 years / Projected Breakeven Period as short as 4 years and Guaranteed Cash Value upon policy issuance up to 80% of the Total Premiums Paid are only applicable to policy(ies) with a single premium of US$300,000 or above (before Large Size Discount and any other premium discounts (if any)). Guaranteed/Projected Breakeven Period refers to the policy year which the Guaranteed/Projected Cash Value of the policy is equal to or greater than the Total Premiums Paid for the first time by the end of such policy year, assume that no withdrawal is made, the policy is not fully surrendered, no other policy option is exercised, and there is no claim and no indebtedness.
You can apply changes between Automatic Lock In Option / Manual Lock In Option for unlimited times before exercising the Terminal Dividend Lock In Options. Once the option has been exercised, no change can be made. The actual amount of converted terminal dividend through Manual Lock In Option will be determined after the application is approved. The amount may be lesser or higher than the amount shown at the time when you submit your application. After the conversion of terminal dividend, your future terminal dividend will be reduced accordingly. All terminal dividends not yet be converted can be higher or lower or reduced to zero. While the Automatic Lock In Option is in force, the option will be immediately suspended upon partial surrender, and you have to submit a request to resume Automatic Lock In Option. Please refer to the Policy Provisions for details of Terminal Dividend Lock In Options.
Total Policy Value refers to the aggregate of guaranteed cash value and non-guaranteed accumulated annual dividends and Interest (if any) and non-guaranteed terminal dividends (if any).
Changing the Insured is subject to the prevailing administrative rules and designated requirements. The Unit, total amount of Cash Value (including guaranteed and non-guaranteed), Policy Date and Policy Year will remain unchanged on the Insured-Change Effective Date while the Plan End Date of the basic plan of the Policy will be adjusted to the date of Policy Anniversary on the 128th birthday of the Changed New Insured or following the 128th birthday of the Changed New Insured (whichever is applicable). The Changed New Insured must be aged 65 years of age (last birthday) or below and must not be older than the initial Insured by 10 years. The change of Insured must be endorsed by the Owner, proposed new Insured and Assignee (if any). Both the new Insured and the current Insured must be alive and the Policy is in force at the time the Insured is changed and provided with satisfactory proof of evidence of insurability for the proposed new Insured. We shall cease to provide any coverage for the initial Insured or the prior Insured on our record (when applicable and as the case may be) as from the Insured-Change Effective Date. Please refer to the Policy Provisions for details of Change of Insured Option.
Upon the death of the Insured, if the Owner (still alive) and the Insured are different persons, the Beneficiary will become the Continued New Insured. Upon the death of the Insured, if the Owner died at the same time or the Owner and the Insured are the same person, the Beneficiary will become the new Owner and Continued New Insured of the Policy, subject to the prevailing administrative rules of the Company. After this option has been exercised, all Units, Total Premiums Paid, Guaranteed Cash Value, accumulated annual dividends and interest (if any), terminal dividend (if any), Policy Date and Policy Years will remain unchanged on the Policy Continuation Effective Date. Plan End Date of the basic plan of the Policy will be adjusted to the date of Policy Anniversary on the 128th birthday of the Continued New Insured or following the 128th birthday of the Continued New Insured (whichever is applicable). The surrender payment may be equal to or lower than Death Benefit before this option has been exercised. If the Death Benefit Settlement Option has already been selected, you shall cancel the Death Benefit Settlement Option arrangement before your submission of any written request for the Policy Continuation Option. Please refer to the Policy Provisions for details of Policy Continuation Option.
Only applicable to policy(ies) with a single premium of US$100,000 or above (before the Large Size Discount and any other premium discounts (if any)), assume that the policy was not fully surrendered, no other policy option was exercised and there is no claim or indebtedness. Cash withdrawal is achieved by first withdrawing the accumulated annual dividends and interest (if any), and then withdrawing the guaranteed cash value and terminal dividends (if any) by means of reduction of the units of the policy. Cash withdrawal will result in adjustments and decreases in the subsequent guaranteed cash value, non-guaranteed annual dividends, non-guaranteed terminal dividends and total death benefit. Cash withdrawal is subject to the Company’s minimum unit amount requirement. If a cash withdrawal would reduce the units of the policy to be less than the minimum unit amount requirement, no cash withdrawal is allowed. The example is calculated based on the Company’s current projected dividend rate and accumulated annual dividend interest rate and are not guaranteed, therefore the illustrated withdrawal amount might not be sustainable. If there are any changes of the policy dividend declaration or accumulated interest rate in future, the Units may reduce earlier or later in order to withdraw the stated amount above.
Net Premium refers to the single premium after applying the Large Size Discount and the 5% Single Premium Discount.
Subject to terms and conditions, please contact CTF Life for more details.
Important Notice:
The information contained in this press release is intended as a general summary of information for reference only. For details, please refer to relevant product brochures, promotion flyers and policy documents. Please refer to the policy contract for details of the full terms and conditions of the Prime Treasure Savings Insurance Plan.
This press release does not contain the full provisions of Prime Treasure Savings Insurance Plan; the full terms can be found in the Policy documents. The Prime Treasure Savings Insurance Plan may serve as standalone plan without bundling with other type(s) of insurance products. Please refer to the main product brochure and policy terms and conditions, as well as the explanatory documents provided by your licensed insurance intermediary, to fully understand the details and complete terms and conditions regarding the mentioned definitions, fees, product features, exclusions, and compensation payment conditions related to the Prime Treasure Savings Insurance Plan.
For further details, please contact CTF Life’s Customer Service Hotline on +852 2866 8898.
This press release is intended to be distributed in Hong Kong only and shall not be construed as an offer to sell or a solicitation to buy or provision of any of our products outside Hong Kong. Chow Tai Fook Life Insurance Company Limited hereby declares that it has no intention to offer to sell, to solicit to buy or to provide any of its products in any jurisdiction other than Hong Kong in which such offer to sell or solicitation to buy or provision of any product of Chow Tai Fook Life Insurance Company Limited is illegal under the laws of that jurisdiction.
Hashtag: #CTFLifeInsurance
The issuer is solely responsible for the content of this announcement.
About Chow Tai Fook Life Insurance Company Limited
Chow Tai Fook Life Insurance Company Limited (“CTF Life”) is proud of its rich, nearly 40-year legacy in Hong Kong. CTF Life is a wholly-owned subsidiary of NWS Holdings Limited (Hong Kong Stock Code: 659) and one of the most well-established life insurance companies in Hong Kong. As a member of Chow Tai Fook Enterprises Limited, CTF Life consistently strengthens its collaboration with the diverse conglomerate of the Cheng family (“Chow Tai Fook Group” or “the Group”) to support customers and their loved ones in navigating life’s journey with personalised planning solutions, lifelong protection and diverse lifestyle experiences. By leveraging the Group’s robust financial strength and strategic investments across the globe, CTF Life aspires to become a leading insurance company in the Greater Bay Area while continuously creating value beyond insurance.
A group photo consisting a Lao official (left), Deputy Minister of Industry and Commerce Manothong Vongsay (center) and United States Ambassador to Laos Heather Variava (right) (photo supplied)
The Ministry of Industry and Commerce (MOIC) of Laos, with support from the United States Agency for International Development (USAID), has launched an enhanced Electronic Certificate of Origin (e-CO) Issuing System.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 1 August 2024 – To celebrate Octa’s 13th birthday, the broker’s experts share 13 time-tested trading tips, each rooted in extensive research of traders’ real-life experiences. These 13 recommendations are divided into three articles covering five general approaches, five specific skills, and three authentic stories of successful Forex traders. Below is the second article in the series, showcasing five specific skill sets that will positively impact the results and speed up towards consistent gains.
According to the experts at Octa, a broker with globally recognised licences, trading in the financial markets is a skill-based activity that rewards a systematic approach and deliberate acquisition of knowledge. This is especially true for the Forex market with its high liquidity and numerous factors impacting price fluctuations. Below are five specific skill sets that will help trader better understand the mechanics of the trading process and step up the results.
1. Fundamental analysis There are two generic types of analysis in trading: fundamental and technical. These terms may look daunting to a non-specialist, but the gist of it is simple. Understanding both types of analysis is instrumental in successfully navigating the practical aspects of trading. This knowledge is a launchpad for future gains.
In the case of fundamental analysis, traders evaluate an asset’s value by examining related economic, financial, and regulatory factors such as GDP growth, interest rates, inflation, and unemployment rates. Fundamental analysis aims to understand the underlying forces driving market prices, providing a long-term perspective that helps make informed trading choices.
In Forex, the number of contributing factors for each currency pair is limited. Because of that, any trader can learn and use fundamental analysis to their advantage by learning the ins and outs of fundamental analysis and applying it in their trading sessions.
2. Technical analysis Technical analysis involves examining historical price movements and trading volumes to forecast future market behaviour. Seasoned traders use charts and statistical indicators to identify patterns and trends and use this information to predict future price movements.
This method assumes that all relevant information is already reflected in the price and that past trading activity can predict future movements. By analysing price action and market psychology, technical analysts aim to make informed decisions on entry and exit points, enhancing their trading strategies with insights derived from market behaviour and historical data.
In Forex trading, the number of potentially applicable indicators and patterns is quite large, and integrating the ones relevant to the traders in their strategy may be challenging for emerging traders. To help them, Octa has recently introduced a dedicated analytical toolkit embedded into its trading platform, OctaTrader. This feed of actionable expert insights can be tailored to the trader’s needs. OctaTrader now has an analytics hub that consistently supports the decision-making process and helps traders save time on research while making data-driven decisions.
3. Portfolio diversification In trading, traders need to be flexible and adaptable. Fine-tuning strategies as you go, putting the less successful assets on hold, and doubling down on those that brought profit will help stay afloat regardless of market conditions. The first step to achieving this consistent and fluid state is to diversify the asset portfolio.
Portfolio diversification allows traders to mitigate risk and enhance potential returns. By holding a mix of currencies, commodities, or other tradable instruments, traders can reduce the impact of adverse movements in any single asset or economic region, capitalising on market movements and opportunities.
4. Security With scams and financial fraud rising worldwide, traders should take a proactive stance towards securing their funds. Instead of trusting online gurus and murky promotions advertised through unverified second-party channels, the experts at Octa recommend choosing a financial broker with extensive experience and global presence.
A long and successful track record allows brokers to develop expertise in securing the clients’ funds and personal data. Among other qualities, a trustworthy broker should provide its clients with segregated accounts—in other words, not to use its clients’ capital for operational purposes. Account segregation prevents any financial malpractices on the broker’s side and empowers traders by freeing them from any concerns regarding the safety of their personal information and capital.
Other crucial qualities of a reliable broker include transparent trading conditions and responsive and competent customer service. Both are extremely important in delivering a stress-free trading environment where traders can thrive and make progress towards their financial goals.
5. Strategy Octa has interviewed some of its clients who started strong in Forex trading and are well on their way to their long-term financial goals. Most of them list a sound strategy as a primary driver of their success. In Forex, strategy—not luck—is the magical ingredient that turns trading into a consistent source of supplementary income that many successful traders use to cover their day-to-day needs. If traders rely on intuition alone, they won’t be able to take stock of your outcomes and devise the measures required for improvement. Strategy makes trading comprehensible and gives control over decisions.
Strategising in trading includes choosing a time frame that suits temperament, picking assets that match the financial goals, and developing a set of criteria traders will use for opening and closing orders. Of course, when it comes to details, things are not quite as easy as that. Still, the generic benefits of strategising are undeniable: it allows traders to turn chaos into order and start paving the way to success.
The next article will conclude the series with three real-life examples of traders successfully putting our 13 tips into practice. Three of Octa’s clients will talk about their trading journeys. Read the third article to peek into three successful traders’ mindsets. Hashtag: #Octa
The issuer is solely responsible for the content of this announcement.
Octa
Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.
Pre-order from 1st – 7th August 2024, and enjoy a $50 instant rebate on every order, plus free gifts valued up to $329!
SINGAPORE – Media OutReach Newswire – 31 July 2024 – Global technology brand HONOR today announced the launch of the new HONOR 200 Series in Singapore. This premium flagship lineup consisting of the HONOR 200 Pro and standard versions, delivers exceptional performance and unparalleled portrait photography experience.
With an unwavering commitment to innovation and unlocking new possibilities in smartphone photography, the HONOR 200 Series product team has collaborated with Studio Harcourt, a legendary Parisian portrait photography house, to co-engineer the HONOR AI Portrait Engine. By combining Studio Harcourt’s expertise and HONOR’s cutting-edge platform-level AI capabilities, the HONOR 200 Pro enables users to unlock studio-level portrait photography on smartphones. Featuring AI-powered portrait capabilities, immersive displays, and robust hardware performance, the HONOR 200 Series is set to revolutionise users’ future lifestyle.
Ms Jessie Sng, Senior Vice President of the Personal Communications Solutions Services Division at TeleChoice International Limited, said, “Our latest flagship lineup, the HONOR 200 Series continues to push boundaries, embodying cutting-edge smartphone innovation in portrait photography and setting new benchmarks in mobile imaging with our AI-powered technology. “Our groundbreaking HONOR AI Portrait Engine, developed in collaboration with Studio Harcourt, enhances your photos to unprecedented levels, meeting Singaporeans’ exacting standards for precision and perfection. In a world where visual impact is everything, we are thrilled to empower users with with the ability to effortlessly capture stunning, studio-quality portraits—transforming your moments into unforgettable impressions.” Unlocking the Mastery of Studio Harcourt Portrait Photography on Smartphones Recognizing the most important tools in portrait photography are light and shadow, and the HONOR 200 Pro has been equipped with advanced hardware and meticulously co-engineered AI-powered software that recognises even the most subtle nuances of lighting.
The HONOR 200 Pro features a 50MP Portrait Main Camera with a Super Dynamic H9000 Sensor, enabling users to capture compelling images with the perfect balance of light and shadows in even challenging lighting scenarios. With support for 4-in-1 pixel binning technology with a pixel size of 2.4μm, users can capture intricate details in their images even in low light scenarios. Additionally, the HONOR 200 Pro features a 50MP Portrait Telephoto Camera, and a customized telephoto sensor from Sony, the HONOR 200 Pro provides better light sensing capabilities, ensuring clear and faithful captures of distant objects with exceptional details.
The HONOR 200 Pro takes portrait photography to new heights with the powerful AI-enhanced HONOR AI Portrait Engine. With a rich history of photographing legends from Roger Federer to the esteemed Queen Rania of Jordan, Studio Harcourt is synonymous with timeless portraits that showcase a symphony of visual storytelling through the skillful use of light and shadows. In collaboration with Studio Harcourt, the HONOR AI Portrait Engine distilled Studio Harcourt’s craftsmanship and understanding of shadow and light expression, empowering users to capture unique, distinctive portraits on their smartphones effortlessly.
The mutual ideation process involved an extensive exploration by more than 20 Studio Harcourt and HONOR imaging experts over 400 days. The team analyzed over 1,000 scenarios and millions of datasets, ensuring Studio Harcourt’s classic essence can be captured on smartphones. In addition, the triple 50MP Portrait Camera incorporates an upgraded HONOR RAW Domain Algorithm, producing well-balanced portraits that manage exposure in bright areas while preserving intricate details in darker lighting scenarios.
Innovative Eye Comfort Display for Extended Immersion Adhering to its commitment to human-centric innovations, the HONOR 200 Pro features 3840Hz Risk-free Dimming[1], as verified by the TÜV Rheinland Flicker Free Display Certification and the TÜV Rheinland Full Care Display Certification. To ensure extended eye comfort, the HONOR 200 Series also features Natural Tone 2.0, which optimizes the display color temperature gradient based on ambient light, and an AI Circadian Night Display that leverages AI to intelligently adjust the color temperature of the screen to regulate blue light and transition to a melatonin boosting setting at night to improve sleep quality based on users’ sleep cycle. Furthermore, the HONOR 200 Series supports Adaptive Dimming, which adjusts screen brightness based on external light input and the application use, ensuring a more comfortable viewing experience. With the 1.5K Quad-curved Floating Display[2] and a peak HDR brightness of 4000 nits[3], the HONOR 200 Series allows users to enjoy excellent visibility even in the most challenging scenarios such as direct sunlight.
Enhanced Hardware Performance for Seamless Connectivity The HONOR 200 Pro is packed with a large 5200mAh[4] Silicon-carbon battery that enables up to 61 hours[5] of continuous music streaming on a single charge. To maximize user productivity, the HONOR 200 Pro features powerful supercharge capabilities. With lightning-fast 100W Wired HONOR SuperCharge[6] and 66W Wireless HONOR SuperCharge[7], users can charge their device fully in only 41 minutes[8], making it the ideal device for busy users who are always on the go. The HONOR 200 Pro also provides an impressive 12GB memory and large 512GB storage drive, which allows users to store and access their data without limitations, guaranteeing a seamless and hassle-free experience.
Equipped with the robust Snapdragon 8s Gen 3 Mobile Platform, the HONOR 200 Pro achieves a CPU clock speed of up to 3GHz, guaranteeing seamless graphics rendering and real-time responsiveness. Featuring MagicOS 8.0, the HONOR 200 Pro offers an intelligent user experience enriched with a range of AI-powered smart functionalities. MagicOS 8.0 also offers flagship features such as Magic Portal, Magic Capsule and Magic Ring on the HONOR 200 Pro that streamline user digital interactions.
Pricing and Promotion The HONOR 200 Pro, priced at S$799, comes in Moonlight White and Ocean Cyan, while the HONOR 200, available in Moonlight White and Black, comes in two variants: 256GB for S$599 and 512GB for S$669. Pre-Order Special: 1 – 7 August 2024 Pre-order the HONOR 200 series between 1-7 August 2024 and get S$50 instant rebate each order! Plus, enjoy a free HONOR SuperCharge Wireless Charger Stand and a 365-day Front & Back Crack Replacement (worth S$329) with the HONOR 200 Pro, or a free HONOR Earbuds X6 and a 365-day Front & Back Crack Replacement (worth S$299) with the HONOR 200. Don’t miss this chance—promotion is valid only during the pre-order period and while stocks last! Official Sale: 8 August 2024 Beginning 8 August 2024, receive a 365-day Front & Back Crack Replacement with every purchase of the HONOR 200 series (worth S$229). This offer is for a limited time only and while stocks last! Where to Buy Pre-order and official sale are available at Authorized HONOR Retailers, Best Denki, Challenger, Courts, Harvey Norman, and Gain City. You can also shop online at: HONOR Official Store (Lazada) https://www.lazada.sg/shop/honor-singapore HONOR Official Store (Shopee) https://shopee.sg/honorsg HONOR Official Store (TikTok) https://www.tiktok.com/@honorsingapore For more information, please visit HONOR online at https://www.hihonor.com/sg. https://www.facebook.com/HONORSingapore https://www.instagram.com/honor_singapore https://www.youtube.com/@HONORSingapore Footnotes
[4] The typical battery capacity is 5200mAh, and the rated battery capacity is 5100mAh. The data comes from the HONOR labs. [5] Data from HONOR labs [6] 100W HONOR SuperCharge means the maximum output power of the charger is 100W. The actual charging power may vary depending on individual differences, user habits, and environmental factors. Please refer to the actual scenario. [7] Need to purchase HONOR super fast charging wireless charger with a charging specification of not less than 66W. The actual charging power may vary depending on individual differences, user habits and environmental factors. Please refer to the actual scenario. [8] Data from HONOR labs.
Hashtag: #HONOR
The issuer is solely responsible for the content of this announcement.