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Kaisa Prosperity 2023 Revenue from Property Management Services and Community Value-Added Services Up 7.2% and 13.2% y-o-y Management Scale Reached a New Level

Total GFA under Management Up 8.2% to 102.3 million square meters


HONG KONG SAR – Media OutReach Newswire – 22 March 2024 – Kaisa Prosperity Holdings Limited (the “Kaisa Prosperity” or the “Company”, together with its subsidiaries, the “Group”; SEHK stock code: 2168) announced the audited annual results of the Group for the year ended 31 December 2023 (the “Reporting Period”).

As one of the leading urban comprehensive service providers in China, Kaisa Prosperity actively responded to the changes in the market environment, and adhered to the principle of “striving for progress while maintaining stability, giving priority to efficiency”, deepened its service, cultivated its business and conducted in-depth operations, and maintained a good momentum of steady and high-quality development through the dual wheel drive of “Organic growth + Independent expansion”. The Group’s management scale has reached a new level, which had its GFA under management increased 8.2% to 102.3 million square meters and the number of projects under management has increased from 673 to 720, establishing presence in 74 cities in 19 provinces.

For the year ended 31 December 2023, the Group’s revenue grew to approximately RMB1,794.3 million, of which revenue from property management services increased by 7.2% year-on-year to approximately RMB1,338.1 million.

Gross profit for the year ended 31 December 2023 increased by approximately 2.2% to approximately RMB481.3 million from approximately RMB471.1 million for the year ended 31 December 2022.

Cash and cash equivalents increased by approximately 16% from RMB247.3 million to RMB286.8 million, representing a significant improvement in the Company’s operating cash flow. Consolidated gross profit margin improved from 26.4% to 26.8%.

Independent Third-Party Property Business Sustained Strong Growth Momentum

During the Reporting Period, the Group continued to focus on the “Whole portfolio and Whole cycle” (全業態、全周期) high-quality service scenarios, and vertically conducted in-depth research on the scope of its services and horizontally extended their boundaries, continuous enrichment of the property sector. During the period, revenue from property management services continued to increase, mainly attributable to the increase in the total GFA under management resulting from the business expansion through organic growth and independent third-party market development.

The Group further increased the proportion of cooperation on properties developed by independent third-party property developers. During the Reporting Period, the Group managed approximately 60.4 million sq.m. of GFA of properties developed by independent third-party property developers, representing an increase of approximately 3.6% from approximately 58.3 million sq.m. as of 31 December 2022. In addition, the revenue of projects for properties developed by independent-third party developers increased by 16.1% to approximately RMB810.1 million.

The proportion of related parties transaction decreased from 19% to 15%, further reducing the Company’s reliance on related parties and increasing prominence of operational independence.

Construction of 15-minute Convenient Urban Living Circle and Creation of a Second Growth Curve

While foundational services are the fundamentals of property management enterprises, value added services shall be increments of property management enterprises. By expanding and deepening value-added services, creating a “second growth curve” became an inevitable choice for property management enterprises. During the Reporting Period, the Group provides diversified products and services to owners and residents through K Series Living to meet their ever-changing daily needs. Kaisa Prosperity’s Neighborhood Living Circle combines “K Series Living Mall” (小K生活商城) (online) and K Series Living Exhibition Hall (offline) to build a comprehensive, one-stop and high-quality community value-added service ecosystem. For the period ended 31 December 2023, the Group’s revenue generated from community value-added services amounted to approximately RMB176.1 million, representing an increase of 13.2%. In the future, K Series Living Exhibition Hall will continue to be expanding quickly to the communities under the management of Kaisa Prosperity across the country. The Neighborhood Living Circle will gradually promote the improvement and popularization of the neighborhood platform, and contribute to serving the people’s basic livelihood, promoting consumption upgrading, and smoothing the community economic microcirculation.

Smart Solution Business Continues to Upgrade Products and Expand Product Portfolio

Shenzhen Jiake Intelligent Technology Co. Ltd.* (“Jiake Intelligent”) (深圳市佳科智能科技有限公司), a smart solution service provider under the Group continued to develop the intelligent third-party market, and has been included in the qualified supplier database by 389 developers.

In May 2023, Jiake Intelligent was recognized as a national “Specialised and Sophisticated Enterprise”. In November 2023, Jiake Intelligent once again successfully passed the reexamination of “National High-tech Enterprise” after strict evaluation, which demonstrated the recognition of Jiake Intelligent’s innovative ability in science and technology, and was of great significance to enhancing the brand image of Jiake Intelligent.

Jiake Intelligent has further upgraded and expanded its products. The unmanned car park system and its related products helped to achieve cost reduction and efficiency enhancement in property management. Its self-developed high-altitude parabolic intelligent monitoring system has been widely installed in various projects and successfully reduced high throw incidents happened during the operation of these projects, which greatly reduced the human and material resources input for supervision. The intelligent door lock products were further developed and upgraded from their original versions with more diversified functions, and the safety coefficient of the products was greatly enhanced. Using advanced technologies such as cloud computing, Internet of Things, big data and artificial intelligence as well as unattended equipment, it will build a private cloud server for cloud parking and undertake parking lot renovation business, so as to build a smart cloud parking brand of Jiake Intelligent.

Quality Service and Strong Brand Recongnized by the Industry

Through unremitting efforts, the Group was awarded 2023 Top 100 Property Management Companies in China, 2023 China Leading Property Management Companies in terms of Characteristic Services, 2023 China Excellent Property Management Companies in Terms of ESG Development, 2023 China Five-star Property Service Project, 2023 Top 20 Listed Company of Property Management Service, 2023 Top 100 Property Service Companies in China, 2023 Leading Company of China in Property Service Satisfaction, 2023 Leading Companies of China in City Service, 2023 Top 10 Public Property Service Companies in China, 2023 Top 20 City Service Companies in China, 2023 China Property Management Enterprise High-quality Service System – Prosperity FUN, 2023 Excellent Projects of China Property Management – Shenzhen Zhongyang Plaza, 2023 China Top 100 Property Service Enterprises in Brand Value, 2023 Top 30 Property Service South China Brand Enterprises, 2023 Top 100 Property Service Companies in the Guangdong-Hong Kong-Macao Greater Bay Area and 2023 Leading Enterprise in the Property Management Market in the Guangdong-Hong Kong-Macao Greater Bay Area.

Mr. Liao Chuanqiang, Chairman of Kaisa Prosperity, said, “As an industry that derives from the real estate development business, the property management industry has the exclusive characteristics of “Rigid demand + Long cycle” and is also the most frequent contact point for customers. Property management almost penetrates into the entire aftersales market of the real estate industry which is of great development potential. Kaisa Prosperity will continuously take quality services and quality expansion as the anchor to promote the orderly, quality and steady expansion of its management scale, continuously extend and broaden the value-added service chain to create a second growth curve. We will continue to consolidate our fundamentals and sharpen our increments, seize the opportunities and face the difficulties, and spare no effort. Leveraging on the policy of “Swapping Old for New Action Plan” (以舊換新行動方案) of the state, we will launch community rejuvenation activities, actively conduct trial operation of community elderly care business, and promote the elderly-friendly and intelligent transformation of homes to meet the diversified consumption needs of homeowners, so as to achieve all-round and high-quality development with continuous efforts.”

Hashtag: #kaisaproperty

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

About Kaisa Prosperity

Headquartered in Shenzhen, Kaisa Prosperity Holdings Limited was established in 1999. The Company was listed on the mainboard of the Stock Exchange of Hong Kong on 6 December 2018 with stock code: 2168.HK. As one of the leading comprehensive city operation service providers in China, Kaisa Prosperity ‘s businesses cover major economic regions including Greater Bay Area, Yangtze River Delta, Bohai Economic Rim.

As of 31 December 2023, the Group has entered into 19 provinces and 74 cities in China, with a total GFA under management reaching 102.3 million sq.m, serving mid- to high-end properties including commercial properties, office buildings, arenas and stadiums, government buildings, public facilities and industries. The Company is principally engaged in 4 business areas, such as property management service, pre-delivery and consulting service, community value-added service and smart solution services.

Founders Metals Intersects 38.0 Metres of 10.90 g/t Gold at Froyo

Vancouver, British Columbia – Newsfile Corp. – March 22, 2024 – Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (“Founders” or the “Company”) announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project in southeastern Suriname. The Company reports 38.0 metres of 10.90 grams per tonne (g/t) gold (Au) from its furthest northwest Froyo drillhole to date, 24GG04. The interval contains the previously released gold vein photos (March 4th release; Figure 2 below) and is one of Antino’s best gold intercepts at over 410 gram-metres per tonne (gm/t). Due to the abundance of coarse gold, samples have been resubmitted for metallic screening.

Highlights

  • Hole 24GG04 intercepts 38.0 m of 10.90 g/t Au from 149.0 m down hole, with metallic screening results pending (Table 1, Figures 1&2)
  • Results are from Founders’ furthest northwest drilling at the Froyo Gold Zone
  • Gold mineralization remains open toward high-grade historical auger sampling results (Figure 1)

* Intervals are reported at a cut-off grade of 0.3 g/t Au using 5 metres minimum length and 5 metres maximum internal dilution.


Figure 1: Upper Antino plan map centred on the Froyo Gold Zone. Cross-section line A-A’ corresponds to Figure 2.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/202777_589341ce54ea8885_001full.jpg

Colin Padget, Founders CEO commented, “Today’s results are some of the best we’ve seen at Antino, and are yet another example of the exceedingly high-grade, near surface gold mineralization at Froyo. Additionally, we have submitted samples for metallic screening to determine gold concentrations using a much larger sample volume. This method can capture coarser gold than fire assay. We expect the result soon.

We are also pleased to report that our primary assay lab in Paramaribo has renewed its commitment of two-to-three-week turnaround times on assays. Though assays have often come back much faster, we recognize that with additional drilling, more surface sampling, targeted multi-element geochemistry, and metallic screening of select drill core, we can more reasonably expect two-to-three-week timelines.”

Figure 2: A-A’ Cross-section through latest Froyo Gold Zone drill results.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/202777_589341ce54ea8885_002full.jpg

Table 1: Drilling Results and Highlights. Results shown for ADH071 are historical.

Hole ID From
(m)
To(m) Core Length* (m) Au (g/t)
24GG03 128.00 137.00 9.00 1.58
24GG04 134.00 139.00 5.00 1.8
and 149.00 187.00 38.00 10.9
ADH071 53.50 55.00 1.50 25.01
and 63.50 75.50 12.00 4.99

*Intervals are core length and estimated to represent 85% or more of true width based on current drill data

Figure 3: (left) gold vein in drill core from hole 24GG04. (right) Drill core from hole 24GG04 showing typical textures within mineralized zones at Froyo. Core locally contains up to 35% pyrrhotite and pyrite within a zone of high-intesity shearing.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/202777_founders_figure3.png

Figure 4: Antino Gold Project property map.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/202777_589341ce54ea8885_005full.jpg

About Founders Metals Inc.

Founders Metals is a Canadian exploration company with properties in North and South America. The Company focuses on acquiring and advancing gold projects in the Guiana Shield. Its flagship asset is the 20,000 ha Antino Gold Project in Suriname, where artisanal surface/alluvial mining has produced over 500,000 gold ounces to date1. Using its diamond drilling equipment, the Company drilled over 10,000 m in 2023 and is fully financed for up to 30,000 m in 2024.

1 2022 Technical Report – Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.

Quality Assurance and Control

Results from samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 10.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible gold are assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

Qualified Persons
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., a qualified person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS,
Per:Colin Padget

Colin Padget
President, Chief Executive Officer, and Director

Founders Metals Contact Information
Dave Burwell, Manager, Investor Relations
Tel: 403 410 7907 | daveb@fdrmetals.com

Nick Stajduhar, Director
Tel: 780 701 3216 | nicks@fdrmetals.com

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company’s recently completed financings and the future or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect “, “is expected “, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

All material information on Founders Metals can be found at www.sedarplus.ca.

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

Heartfelt Generosity: Adrian Cheng and Natalia Vodianova Arnault Celebrate the Success of The Children Ball in Support of Children with Special Needs

The WEMP Foundation and Naked Heart France Co-organise ‘A Night of Infinite Hearts, A World Where Every Child Can’


HONG KONG SAR – Media OutReach Newswire – 22 March 2024 – The WEMP Foundation (WEMP) and Naked Heart France are celebrating the success of their inaugural collaborative charity event to support a critical and often overlooked aspect of society — children’s well-being. The Children Ball – ‘A Night of Infinite Hearts, A World Where Every Child Can’ was held on 21 March 2024 at Rosewood Hong Kong. A star-studded affair, the event attracted celebrities from the worlds of fashion, film, and sports, including Hong Kong’s actor power-couple Carina Lau and Tony Leung, award winning actress Kong Hyo Jin, the iconic Fan Bingbing, along with basketball legend Stephon Xavier Marbury, who all came together to help create an inclusive world for every child.

Adrian Cheng of The WEMP Foundation and Natalia Vodianova Arnault of Naked Heart France hosted The Children Ball on 21 March 2024
Adrian Cheng of The WEMP Foundation and Natalia Vodianova Arnault of Naked Heart France hosted The Children Ball on 21 March 2024

The evening was marked by an outpouring of support from individuals, businesses, and organisations passionate about making a lasting impact on the lives of children. The generous contributions will allow WEMP and Naked Heart France to extend their reach, providing support to children with special needs and their families through initiatives in Hong Kong and France, marking a significant expansion of support networks.

“We have been overwhelmed by the tremendous support we have received,” said Adrian Cheng, the host of The Children Ball and founder of The WEMP Foundation. “The event provided a platform for our community to come together and demonstrate their commitment to the next generation. It has reinforced our belief in the power of collaboration. By joining forces, we can effect meaningful change and create a society that prioritises the mental well-being of our children.”

Emmanuel Gintzburger, Princess Alia Al-Senussi, Danny Casale, Sabrina Ho, Yvette Yung, Tatiana Akishkina Pudwill, and Inga Rubenstein were some of the fashion luminaries, art world insiders, artists and philanthropists who dazzled on the red carpet. Just before stepping into the Grand Ballroom, guests encountered the ‘Dreams Unlocked‘ exhibition portals, showcasing art by children and teenagers supported by The WEMP Foundation and Naked Heart France. The works offered a glimpse into diverse worldviews through the eyes of young autistic artists.

The evening’s performances featured a captivating piano duet by globally renowned pianist and champion for emerging talent and underprivileged young people, Michelle Kim, alongside her protégé Malcolm Mok, as well as a dramatic reading by Ron Szeto. Both gifted young, neurodiverse performers chose pieces that resonated with the event’s theme, ‘A Night of Infinite Hearts’.

Jonathan Crockett of Phillips led a dramatic live auction that featured work by leading contemporary artists such as Danny Casale, Alicja Kwade and Robert Nava.

“The success of this event exemplifies the collective dedication to creating a brighter future for children. Through our collaboration, we have taken a significant step forward in addressing the implementation of best evidence-based support programmes and assisting our youngest generation. We are deeply grateful to all the donors, sponsors, and volunteers who made this event possible,” said Natalia Vodianova Arnault of Naked Heart France, co-host of The Children Ball. “Together we became a positive force that will directly impact the lives of children and ensure they receive the support they need to realise their potential and thrive.”

The Children Ball team would like to extend heartfelt gratitude to its sponsors, partners, donors and guests. A special thanks to Platinum Sponsors: the exclusive beauty sponsor Guerlain – an international beauty brand known for its heritage of creative audacity and savoir-faire, Pansy Ho, Chairperson of MGM China Holdings Limited – a leading developer, owner and operator of gaming and lodging resorts in the Greater China region, Techtronic Industries – TTI is a world leader in cordless power equipment with leading powerful brands such as Milwaukee industrial equipment, Ryobi DIY tools and Hoover floorcare cleaning products, Auction Partner Phillips – leading auction house for art, design, and luxury, for their generous support for the event and Wine and Spirits Sponsor Moët Hennessy – the global leader in premium branded spirits, champagnes and wines.

Join The WEMP Foundation and Naked Heart France making a meaningful difference in the lives of those in need. Follow @wempfoundation and @nakedheartfrance on Instagram to stay updated on the ongoing efforts and future initiatives.

Hashtag: #thewempfoundation #nakedheartfrance

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

The WEMP Foundation

The WEMP Foundation is Hong Kong’s first non-profit organisation dedicated to the mental wellbeing of underprivileged children and families. It is an all-rounded collaboration platform that brings together children, parents, schools and the community, aiming to nurture and support their mental health and help children and teenagers establish positive thinking through sustainable development projects and initiatives, and prepare them with the solid foundation to reach their full potential to positively lead our future community.

Naked Heart Foundation

Naked Heart Foundation is a charity founded by supermodel and philanthropist Natalia Vodianova Arnault in 2004. Since then, the foundation has provided support to 28,014 children and young adults with special needs and their families. After relocating to Paris, Natalia expanded her charitable initiatives by establishing Naked Heart France to build on and amplify the important humanitarian work that Naked Heart Foundation had started earlier for children with special needs. The foundation focuses on building a society that is open to people with special needs by encouraging inclusive leisure, education, employment, and the creation of free support services for affected families.

BingX Introduces $SLERF $BOME, $CHATAI and $SMOLE Spots Trading As Solana (SOL) Becomes Popular

Leading Crypto Exchange BingX is the First Exchange to List SLERF, BOME, CHATAI, and SMOLE


VILNIUS, LITHUANIA – Media OutReach Newswire – 22 March 2024 – With the rapid development of the Solana ecosystem, meme, AI and dePin tokens on Solana have recently become extremely popular. Solana tokens SLERF, BOME, CHATAI, and SMOLE have experienced rapid price surges in the short term, emerging as the hottest projects of late. In response to the growing demand from traders, BingX has swiftly listed these four tokens, becoming one of the first centralized exchanges (CEX) to do so.

Book of Meme $BOME

Book of Meme (BOME) is a cryptocurrency token built on the Solana blockchain, aiming to bridge the gap between meme culture and the world of decentralized finance (DeFi). While the token itself is relatively new, launching in March 2024, it has garnered attention for its connection to the art world through its association with graffiti master Darkfarms.

Beyond its artistic ties, BOME positions itself as a utility token within the Solana ecosystem. This means it can be used for various purposes within applications built on the Solana blockchain.

One of the intriguing aspects of Book of Meme is the focus on memes as a cultural phenomenon. Memes have become a powerful force in online communication and can be used for humor, social commentary, and even artistic expression. By creating a cryptocurrency specifically tied to memes, Book of Meme aims to acknowledge the cultural significance of memes and potentially create new avenues for meme creators and enthusiasts to engage with the digital world.

Trading of BOME has started according to the following schedule:

Spot trading for BOME USDT opens at 12:05:00 (UTC+0) on 2024-03-14

SLERF Coin

SLERF $SLERF is a cryptocurrency launched on the Solana blockchain in March 2024. It gained notoriety for its meme coin status and a highly unusual launch incident.

SLERF positioned itself as a lighthearted meme coin, capitalizing on the popularity of animal-themed tokens within the Solana ecosystem. Beyond the sloth mascot, however, there wasn’t a clearly defined purpose or roadmap for the project. This lack of utility is typical of many meme coins, where value is derived primarily from speculation and community enthusiasm.

Trading of SLERF has started according to the following schedule:

Spot trading for SLERF USDT opens at 09:50:00 (UTC+0) on 2024-03-18

Smolecoin $SMOLE

Smolecoin is a meme coin on the Solana blockchain, based on the “smole” character, which is derived from an animal – the mole. In the first series of the project, traders can their your own pixel rare mole collectible cards and mint them with $smole. This meme coin positions itself as the “smollest smolecoin” within the “smolana smolnet,” a playful nod to the larger cryptocurrency space and its various networks.

Trading of Smolecoin has started according to the following schedule:

Spot trading for SMOLE USDT opens at 10:00:00 (UTC+0) on 2024-03-21

ChatAi Token $CHATAI

ChatAi emerges as a groundbreaking platform, wielding the power of AI to craft profoundly personal and deeply engaging social interactions. Imagine a world where countless versions of yourself can be forged, each boasting a distinct personality, appearance, and voice. These AI-powered avatars can delve into conversations on any subject, fostering meaningful connections with loved ones, acquaintances, or one’s most admired celebrities.

Trading of CHATAI will start according to the following schedule:

Spot trading for CHATAI USDT opens at 10:00:00 (UTC+0) on 2024-03-23

“We are thrilled to offer our users the opportunity to trade these popular tokens,” said Jason, Researcher at BingX QA. “As one of the leading cryptocurrency exchanges, BingX is dedicated to providing a diverse range of assets and supporting the growth of innovative projects within the Solana ecosystem.”

Traders can now access SLERF, BOME, CHATAI, and SMOLE on BingX and take advantage of the platform’s advanced trading features and liquidity.

BingX Spot gives users early access to some of the most sought-after tokens in the space, with more that 700+ trading pairs. For more information and to start trading, visit BingX Spot Listing.Hashtag: #sol #slerf #bome #meme #ai

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

BingX Cryptocurrency Exchange

Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers a diverse range of products and services, including spot and derivatives trading, copy trading, asset management, , and more, for various token, token, coins, and stablecoins. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became Chelsea FC’s principal partner, marking an exciting debut in the world of sports.

ICONSIAM’s ‘THAICONIC SONGKRAN CELEBRATION’ Draws Global Attention Promises 12 Days of Joy through Water Splashing and Cultural Activities for Visitors Worldwide

ICONSIAM hosts Songkran celebration themed ‘THAICONIC SONGKRAN CELEBRATION: Joyful Songkran Festival, Continuing the Legacy of World Heritage’ The Songkran Festival has been recognized by UNESCO as an Intangible Cultural Heritage


BANGKOK, THAILAND – Media OutReach Newswire – 22 March 2024 – In celebration of the Songkran Festival’s prestigious recognition by UNESCO as an Intangible Cultural Heritage, ICONSIAM, the global landmark on the Chao Phraya River, has collaborated with the government including the Ministry of Tourism and Sports, Ministry of Culture, Tourism Authority of Thailand, The Government Public Relations Department, Bangkok Metropolitan Administration, The Thai Chamber of Commerce and Board of Trade of Thailand and various private sectors to invest over $1.6 million (60 million baht) in marketing activities aiming to elevate “THE ICONIC SONGKRAN FESTIVAL 2024” into a world-class festival, expecting over 1.5 million visitors to attend. Under the concept of “THAICONIC SONGKRAN CELEBRATION: Joyful Songkran Festival, Continuing the Legacy of World Heritage” honors Thai identity by blending traditional Thai recreational activities with contemporary cultural entertainment. This event promises to deliver the most memorable experiences, with grand celebrations filling every corner of ICONSIAM from April 10 to 21, 2024.

THAICONIC SONGKRAN CELEBRATION

Mr. Supoj Chaiwatsirikul, Managing Director of ICONSIAM Company Limited, said, “As a world-class landmark along the Chao Phraya River, serving as a significant tourist destination in Bangkok and Thailand, this year, ICONSIAM plans to host the Songkran event even more spectacularly and memorable than ever before. The celebration is particularly meaningful as the ‘Songkran in Thailand’ festival was registered as an Intangible Cultural Heritage of Humanity by UNESCO at the end of last year. “THE ICONIC SONGKRAN FESTIVAL 2024 aims to showcase the traditions and customs of Songkran while welcoming tourists from around the world with warm hospitality and contemporary Thai entertainment. This collaborative effort seeks to create a historic event and promote Songkran in Thailand as a world-class festival. The goal is to honor Thai cultural heritage by blending contemporary elements and presenting it in a way that resonates with future generations, ensuring that this heritage lasts forever. The Songkran Festival is another important factor that will help accelerate economic growth for Thailand. This year, we are confident that there will be at least 1.5 million Thais and international tourists celebrating the Songkran Festival at ICONSIAM, contributing to a 50% increase in shopping centre turnover compared the same period last year.”

Cultural Performances

“THE ICONIC SONGKRAN FESTIVAL 2024” at ICONSIAM promises a vibrant celebration of Thai culture and traditions, featuring several highlights from April 10 to 21 (12 days):

  • Songkran Mahothorndevi Parade: A 7-day parade along the Chao Phraya River from April 10 -16, showcasing Thai cultural richness, featuring 7 famous actresses and artists, including Aff Taksaorn, Pie Rinrada, Becky Rebecca, Bella Ranee, Mai Davika and Diana Flipo, as well as internationally renowned Thai artist Minnie, a member of South Korean girl group (G) I-DLE, to be represented as Miss Songkran 2024.
  • Bathing of the Buddha Sihing: ICONSIAM has brought the replica of the Phra Buddha Sihing from Wat Phra Singh Woramahawihan, Chiang Mai Province to be placed at Exit Gate 1, G Floor, ICONLUXE Zone. Visitors can participate in a water-pouring ceremony to ask for blessings and purification. This traditional ritual is believed to bring good luck and prosperity to those who take part in it.
  • Songkran Water Splashing: Enjoy water splashing festivities at Water Splash Landmark at River Park, the only place in Thailand offering such an experience amidst the scenic backdrop of the Chao Phraya River from 10 – 16 April. Moreover, there will also be mini-concerts performed by Nont Tanont, MEAN, PROXIE, 4EVE, ATLAS, BUS, LYKN, and other cultural performances added to the festive atmosphere from 10 – 21 April.
  • ICONSIAM x NaRaYa x Collector Project: In an initiative to encourage Thai people to wear the “Floral Shirts” during the Songkran celebration, ICONSIAM teamed up with NaRaYa and Collector Project led by the artist Ek Thongprasert, to create a uniquely floral shirt inspired from the exquisite floral patterns crafted by Thai artisans, which grace the pagodas and the ordination hall of Wat Pho, the artist has transformed these into a contemporary pop art style on shirts under the design “Prosperity in Bloom.” This collaboration celebrates the new beginnings and unparalleled elegance of joy for the New Year.
  • Summer Promotion: ICONSIAM offers the “THAICONIC SONGKRAN CELEBRATION” campaign, featuring promotions and prizes between April 10 to May 5, 2024. Exclusively for ONESIAM members, simply purchase 4,000 baht of products and services within ICONSIAM as well as Siam Takashimaya, between April 1 to April 21, to receive a floral shirt from the ICONSIAM x NaRaYa x Collector Project, valued at 990 baht. Alternatively, shoppers can also redeem the shirt for only 400 baht each when purchasing 2,000 baht of products. Moreover, from April 10 to April 16, 2024, spend a total of 30,000 baht on products within ICONSIAM and receive a gift voucher worth 2,000 baht from participating stores. For more detailed terms and conditions, please inquire at the point of sale.
Overall, the event promises a joyous and culturally enriching experience for visitors, combining traditional festivities with modern entertainment and fun activities.

You are invited to be a part of Thailand’s grand Songkran festival, “THE ICONIC SONGKRAN FESTIVAL 2024,” from April 10 to 21, free of charge, at ICONSIAM. Stay updated on event details and participation conditions at www.iconsiam.com or Facebook: ICONSIAM

Hashtag: #ICONSIAM

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

NTT Receives “PropTech Integration Company of the Year – Silver” in the PropTech Excellence Awards 2024

An accreditation of NTT’s vision and robust capabilities in the development and application of IoT, AI and smart technologies for the property sector in the future


HONG KONG SAR – Media OutReach Newswire – 22 March 2024 – As part of NTT Group, a world-leading telecommunications and ICT service provider, NTT Com Asia Limited (NTT) has been honored with the “PropTech Integration Company of the Year – Silver” at the PropTech Excellence Awards 2024, in recognition of the remarkable achievements of NTT’s Building Management Solution.

Steven So, Senior Vice President, Data Centre Hong Kong, NTT Com Asia, receives the trophies at the Award Presentation Ceremony of PropTech Excellence Awards 2024.
Steven So, Senior Vice President, Data Centre Hong Kong, NTT Com Asia, receives the trophies at the Award Presentation Ceremony of PropTech Excellence Awards 2024.

NTT’s self-developed Building Management Solution leverages automated monitoring and management tools to empower facility operators and property owners with centralized control. Critical aspects of the building can be accessed and managed effectively through a single-pane-of-glass interface. By streamlining workflows and optimizing maintenance processes using an AI-enabled predictive approach, the solution significantly reduces management workloads and enhances overall supervision, unlocking the full productivity potential of the building.

Steven So, Senior Vice President, Data Centre Hong Kong, NTT Com Asia, said, “We are deeply honored to receive this prestigious accolade. In an era of digital transformation, property owners, facility developers and real estate players are increasingly adopting digital technologies to optimize their operations. NTT has remained committed and made substantial investment in innovative building management and IoT solutions. The success of our Building Management Solution will further extend to the market, addressing the evolving demands, enhancing building performance, and ultimately delivering premium services that lead to heightened customer satisfaction.”

The successful deployment of the solution in NTT’s data centre, despite the complexity of its building design, demonstrates how smart property operations can be optimized through innovative building management practices.

The PropTech Excellence Awards 2024, organized by The Hong Kong PropTech Association (HKPTA), aims to celebrate companies and individuals who demonstrate outstanding innovation and excellence in leveraging technology to revolutionize the real estate industry and drive continuous advancement of the PropTech ecosystem.

Hashtag: #NTT #PropTechExcellenceAwards

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

About NTT Com Asia Limited

As part of NTT Group, a world-class leader in telecommunications and ICT services, NTT Com Asia Limited (“NTT”) is dedicated to delivering the best ICT infrastructure and disruptive technologies with the vision to enable a smarter world.

Riding on the leading enterprise mobile technology from docomo business in Japan, we are bringing cutting-edge and ready-to-market IoT, AI and other digital solutions to support enterprises to develop a mobile-first strategy in their digitalization journey.

For more information, please visit:

Houaphan Authorities Investigate Chemical Leak from Mining Company

Houaphan Authorities Investigate Chemical Leak from Mining Company
FILE: this image is used only for representational purpose (photo: Pal TV)

Houaphan’s provincial authorities are promptly responding to reports of chemical discharge from Laos-China Rare Mineral Development Company North 2 Limited into a river in Hua Man and Hua Tabun district, Houaphanh Province. The incident sparked outrage among residents, particularly concerning the impact on fish and livestock, vital sources of nutrition for the local population.

QIC shares insights in Europe on the significant opportunities in decarbonisation and decentralisation


BERLIN, GERMANY – Media OutReach Newswire – 22 March 2024 – Queensland Investment Corporation (QIC) this week participated in the annual Infrastructure Investor Global Summit which took place in Berlin from 18-21 March 2024. A large contingent from QIC’s London, New York and Australian offices were in attendance for what is the largest infrastructure investment gathering annually.

Arash Shojaie, Senior Principal, QIC Infrastructure
Arash Shojaie, Senior Principal, QIC Infrastructure
Kirsten Whitehead, Partner, QIC Infrastructure
Kirsten Whitehead, Partner, QIC Infrastructure



Kirsten Whitehead, Partner, QIC Infrastructure spoke on the opening keynote panel “Embracing Infrastructure’s Key Strengths in a Challenging Environment” which focused on finding relative value, the importance of partnerships, value preservation and value creation.

She described the need to bolster asset resilience to climate risk as not just prudent but ‘pivotal’ for sustainable progress, and emphasised Australia’s compelling energy transition landscape.

“Australia is an attractive infrastructure investment destination with a stable and open economy, rich in critical minerals, good trade ties, and a pipeline of attractive infrastructure investment opportunities,” said Ms Whitehead. “With portfolio companies including some of Australia’s leading renewable energy and sustainable off grid power solutions businesses, we have an important role to play in Australia’s energy transition which will need to be delivered through a decentralised solution.”

On the panel, Ms Whitehead also mentioned that significant opportunities lie in the intersection between decarbonisation and other key thematics such as decentralisation and digitisation. “When considering these opportunities in an Australian context, they converge to shape an enormous opportunity set.”

Arash Shojaie, Senior Principal, QIC Infrastructure also shared insights on a panel called “Investing in Energy: Opportunities in Infrastructure created by the Transition” which covered macro impacts such as deglobalisation on the energy transition agenda and decarbonising the economy beyond just renewables.

“Advances in renewable energy and storage technologies have led to an evolution of the electricity ecosystem with a range of investment opportunities from renewable energy generation to transmission, ancillary infrastructure services, storage, distribution, consumer needs, electric transport and more,” said Mr Shojaie on the panel. “The primary challenge is how we combine and sequence the available technologies and applications that enable the energy transition; and how policy makers and capital allocators bring these elements together.”

Other topics that arose during the summit included funding the energy transition. As companies and governments around the world set ambitious targets for carbon reduction, one of the main hurdles to achieving these goals is securing financing. For this reason, the global shift to renewable energy is one of the most important themes driving new deal flow for QIC’s direct infrastructure lending programme.

In addition, the relative value of junior infrastructure debt is currently attractive given its performance in the macro environment and the considerable level of transaction activity occurring across refinancing, growth capex requirements and M&A activities.

QIC deploys a thematic infrastructure investment strategy, focusing on the key themes of decarbonisation, deglobalisation, decentralisation and an ageing population. Its sector-centric investment focus is on Energy and Utilities, Transport and Social and Healthcare.
Hashtag: #QIC

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

About QIC Infrastructure

QIC is a long-term infrastructure investor with an established international platform, an active management approach and a strong 17-year track record. With an international team of 84 professionals across five offices, QIC Infrastructure manages A$32.8bn (US$22.4bn) across 22 international direct investments and has realised in excess of A$15.2bn back to its clients. QIC manages A$7.1bn in Australian energy assets across the energy value chain (as at 31 December 2023).

About QIC Private Debt

QIC Private Debt offers institutional investors exposure to diversified debt investments across infrastructure (within the OECD), and corporate, asset-backed securities and real estate sectors (in Australia/New Zealand). Established in 2021, QIC Private Debt now has over US$1bn of assets under management and committed capital, split across Multi-Sector Private Debt (~US$600m) and Private Debt Infrastructure (~US$400m) offerings (as at 31 December 2023).

About QIC  

QIC is a long-term specialist manager in alternatives offering infrastructure, real estate, private capital, liquid strategies and multi-asset investments. It is one of the largest institutional investment managers in Australia, with A$106bn (US$72.5bn) in funds under management. QIC has over 900 employees and serves approximately 115 clients. Headquartered in Brisbane, Australia, QIC also has offices in Sydney, Melbourne, New York, San Francisco, London and Singapore (as at 31 December 2023). For more information, please visit: www.qic.com

About the Infrastructure Investor Network Global Summit

Website:

This year’s annual Infrastructure Investor Global Summit took place in Berlin from 18-21 March. It brought together 3,000+ of the world’s leading investors, managers and strategic partners for unrivalled networking opportunities and unmatched content. Attendees were able to create new synergies, uncover new opportunities and help shape the future of infrastructure on a global scale. All in one place, across four days.

IMPORTANT INFORMATION
QIC Limited ACN 130 539 123 (“QIC”) is a wholesale funds manager, and its products and services are not directly available to, and this document may not be provided to any, retail clients. QIC is a company government owned corporation constituted under the Queensland Investment Corporation Act 1991 (QLD). QIC is also regulated by State Government legislation pertaining to government owned corporations in addition to the Corporations Act 2001 (Cth) (“Corporations Act”). QIC does not hold an Australian financial services (“AFS”) licence and certain provisions (including the financial product disclosure provisions) of the Corporations Act do not apply to QIC. Other wholly owned subsidiaries of QIC do hold AFS licences and are required to comply with relevant provisions of the Corporations Act. QIC also has wholly owned subsidiaries authorised, registered or licensed by the United Kingdom Financial Conduct Authority (“FCA”), the United States Securities and Exchange Commission (“SEC”) and the Korean Financial Services Commission. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

The statements and any opinions in this document (the “Information”) are of a general nature and for commentary purposes only and do not take into account any investor’s personal, financial or tax objectives, situation or needs. The Information is not intended to constitute and should not be relied on as personal legal or investment advice and it does not constitute, and should not be construed as, an offer to sell or solicitation of an offer to buy, securities or any other investment, investment management or advisory services.