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Salmon Introduces Auto-Debit for Seamless and Convenient Payments

MANILA, PHILIPPINES – Media OutReach Newswire – 1 July 2024 – Salmon Group Ltd (“Salmon”), the leading financial technology company dedicated to improving access to credit, savings, and investments for over 500 million underserved customers in Southeast Asia, is excited to announce the launch of auto-debit feature for its credit products in the Philippines.

The auto-debit feature allows customers to directly link their Gcash, Maya, Unionbank or BPI accounts to the Salmon app.

The auto-debit feature allows customers to directly link their Gcash, Maya, Unionbank or BPI accounts to the Salmon app. This innovative functionality will notify customers prior to their due date about the upcoming payments due and will automatically process payments on the due date. From customers’ perspective, it will simplify the payment process as it will no longer require logging in and switching applications with the payments made automatically on the due date. Customers will receive push or SMS notifications confirming their successful payments.

The auto-debit feature allows customers to directly link their Gcash, Maya, Unionbank or BPI accounts to the Salmon app.

With the expanding range of partner banks, Salmon will work on establishing the new feature as the new standard for easy and convenient payments for its customers.

“Salmon is committed to changing the direction of finance – making it easy, simple and convenient. As a part of this, we are thrilled to introduce the auto-debit feature to our valued customers. In today’s fast-paced world, convenience is not just important, it’s a necessity. Auto-debit enhances our customers’ experience by simplifying the repayment process and ensuring timely payments without the hassle of manual interventions,” stated Raffy Montemayor, Co-Founder of Salmon and Chairman of the Rural Bank of Sta. Rosa (Laguna), Inc.

For further information about Salmon and its initiatives, please visit Salmon’s website at https://salmon.ph/

Hashtag: #SalmonGroup



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

About the Salmon Group Ltd

Salmon Group Ltd owns and operates its subsidiaries in the Philippines, including Sunprime Finance Inc. and the Rural Bank of Sta. Rosa (Laguna), Inc., which was established in 1963. The Group is dedicated to expanding financial inclusion by providing customers with cutting-edge, customer-centric, AI and data-driven banking and financial services. It is on a mission to empower clients underserved by legacy banks across Southeast Asia and is supported by world-class shareholders including International Finance Corporation, the sovereign wealth fund of Abu Dhabi (ADQ) and other blue-chip international and Filipino investors.

Media contacts Salmon:

ECOVACS Launches Three Cutting-Edge Robot Vacuums to Tackle Diverse Cleaning Needs of Modern Households

  • ECOVACS unveils the all new DEEBOT T30S COMBO designed to deliver a comprehensive, all-in-one cleaning experience
  • The company has also launched the DEEBOT X5 PRO OMNI and DEEBOT N20 PRO, offering a wider range of options to tackle a diverse range of household cleaning needs
  • Customers who shop on ECOVACS’ official Shopee and Lazada stores can enjoy attractive discounts of up to 70%, on top of $300 vouchers and free gifts worth up to $798 this 7.7 sale

SINGAPORE – Media OutReach Newswire – 1 July 2024 – ECOVACS, a global leader in robotic home cleaning solutions, today unveils three new revolutionary robot vacuum models: DEEBOT T30S COMBO, DEEBOT X5 PRO OMNI and DEEBOT N20 PRO to tackle the diverse cleaning needs of Singaporean households. The latest line-up underscore ECOVACS’ commitment to providing the best for their consumers through constant technological advancements and delivering top-tier cleaning solutions for modern homes. The continuous improvements also solidify ECOVACS’ position as a pioneer in the home robotics industry and achieving No.1 Global Cumulative Sales for Robotic Vacuum Cleaners.

The DEEBOT T30S COMBO is available for purchase from today on Shopee, Lazada and authorised sellers, while the DEEBOT X5 OMNI and DEEBOT N20 Pro (Black) can be pre-ordered and purchased respectively on the ECOVACS store and eCommerce stores like Shopee and Lazada respectively from 7 July 2024 .

ECOVACS DEEBOT T30S COMBO: UNBEATABLE DUAL-FUNCTIONALITY FOR IMPECCABLE CLEANLINESS

ECOVACS DEEBOT T30S COMBO

As the first of its kind within the T30 family series, the DEEBOT T30S COMBO offers a comprehensive, all-in-one cleaning experience by combining a versatile handheld vacuum with a smart robotic vacuum cleaner, seamlessly integrated within an advanced OMNI station. Equipped with the TruEdgeTM Adaptive Edge mopping system, the smart robotic vacuum cleaner offers precise edge mopping with up to 1mm accuracy using its Continuous Variable Mop Extender and advanced sensors. Featuring industry leading 11,000Pa powerful suction and ZeroTangle™ Technology, the DEEBOT T30S COMBO prevents hair tangles and tackles tough dirt and stains – ensuring spotless results every time.

The upgraded All-in-one OMNI station not only houses the handheld vacuum with multiple cleaning attachments and a robotic vacuum cleaner, it also automatically empties the dust in both the robot and handheld vacuums. With its ‘place and collect’ feature, the handheld vacuum instantly removes dust in 10 seconds to prevent spills and promises a one-of-a-kind hands-free experience.

Coupled with its improved navigation and obstacle guidance technology, the DEEBOT T30S COMBO redefines the meaning of a total home cleaning partner with its exceptional performance, versatile features and industry-leading technologies.

ECOVACS DEEBOT X5 PRO OMNI AND N20 PRO: CLEANING MADE EFFORTLESS

ECOVACS DEEBOT X5 PRO OMNI AND N20 PRO


DEEBOT X5 PRO OMNI is the latest flagship model under ECOVACS’ X-Series Family and is the epitome of home cleaning innovation. The unparalleled intelligence and ultra slim design of the DEEBOT X5 PRO OMNI enables it to manoeuvre around furniture and accurately avoid obstacles in real time, while cleaning with the highest suction power ever seen in a robot at 12,800Pa. Equipped with state-of-the-art sensors, it also smartly detects heavily soiled areas and automatically does a second mopping pass to ensure a thorough and pristine clean floor, promising superior cleaning outcomes with minimal effort.

For those looking for a reliable sidekick at a wallet-friendly price, the DEEBOT N20 PRO delivers a robotic vacuum and mop that blends advanced technology with intuitive design. Featuring powerful 8,000Pa suction, Anti-Hair Tangle capabilities and OZMO Pro 2.0 Vibrating Mopping System, the DEEBOT N20 PRO swiftly eliminates stubborn stains, offering a transformative cleaning experience that elevates your home’s cleanliness to unprecedented levels.

AVAILABILITY, PRICING & LAUNCH PROMOTIONS

Device Launch Date Price Launch Promotions
ECOVACS DEEBOT T30S COMBO Now Available $1,499
  • Receive S$149 worth of Tefal cookware when purchasing on ECOVACS Shopee, Lazada and TikTok shops
  • Enjoy special 7.7 sale price from 7-9 July
  • T&Cs apply, while stocks last
ECOVACS DEEBOT X5 PRO OMNI Pre order starts from 7 July 2024 $1,599
  • Receive free Auto-water kit worth S$499 and Acerpure Beauty Hair Styler worth S$299 when you make the purchase on ECOVACS Shopee, Lazada and TikTok shops
  • T&Cs apply, while stocks last
ECOVACS DEEBOT N20 PRO 7 July 2024 $599
  • Enjoy special 7.7 sale price when purchasing on ECOVACS Shopee, Lazada and TikTok shops from 7-9 July
  • T&Cs apply, while stocks last

Hashtag: #ECOVACSROBOTICS

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

About ECOVACS ROBOTICS

Innovating Since Day One. ECOVACS Robotics is one of the pioneers in service robots R&D and manufacturing, aiming to independently research and develop, design and manufacture service robots, with the ambition of being a top tier robotics company in the world. ECOVACS Robotics upholds its mission of “Robotics for All” and reigns No.1 Global Cumulative Sales for Robotic Vacuum Cleaners. Over the past 26 years since its establishment in 1998, ECOVACS has led insights and research for service robot usage and experiences, successfully launching a complete range of robot service solutions globally, including DEEBOT, household robotic vacuum cleaners, WINBOT, window cleaning robots, AIRBOT, air purification robots as well as commercial service robot solutions, GOAT, robotic lawn mowers, DEEBOT PRO, multi-functional cleaning robots for small and medium commercial facilities, and “AI+ service robots” for public areas. In addition, ECOVACS is a leader in the robot industry ecosystem, establishing an Artificial Intelligence Engineering Institute, and focusing on intelligent sensor research, continuously leading the development of cutting-edge technologies in the industry. ECOVACS has earned worldwide user recognition for its determination to break through the boundaries of products and services and is now the firm of choice for over 28 million families worldwide. The company is committed to advancing robotic technologies to serve the world by creating a holistic ecosystem between humans and robotics in lifestyle and production, bringing a new intelligent, convenient, and humanised experience to all of humanity. User needs are at the core of ECOVACS’ R&D, driving industry and industrial development with innovation and empowering humankind to share a better future in the world of intelligent technology.

EcoMamoni announces it will promote environmental sustainability in the Indonesian market


JAKARTA, INDONESIA – Media OutReach Newswire – 30 June 2024 – EcoMamoni, a globally renowned environmental and renewable recycling company, announced that it will officially enter the Indonesian market on July 1, with the mission of promoting local environmental sustainability and development.

Founded in the United States in 2020, EcoMamoni has rapidly grown and established a subsidiary in the UK in 2024, further expanding its global operations. On June 5 of this year, during World Environment Day, EcoMamoni hosted over 200 environmental events in the Philippines, attracting more than 5,000 participants. This showcased the company’s commitment and proactive efforts towards environmental protection.

EcoMamoni has successfully identified over 20 recycling sites in the Philippines and is currently seeking suitable office buildings to support its long-term development plans in the region. These infrastructures will provide a solid foundation for the company’s operations in the Indonesian market.

Entering the new market, EcoMamoni aims to bring numerous positive impacts to the local community by introducing its advanced environmental technologies and recycling systems. This will enhance local environmental awareness and actions while creating numerous job opportunities. The company stated that this move is a significant step in their global expansion strategy. They are confident about making substantial progress in the Indonesian market and look forward to collaborating with local partners and customers to advance the cause of environmental sustainability.

As EcoMamoni continues to expand in the Southeast Asian market and drive global environmental efforts, the world may move towards a greener and more sustainable future.

Hashtag: #EcoMamoni

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

Savannakhet Students Shine at National Khaen Competition

A group of khaen students with their teacher. (Photo: Media Laos/Facebook)

Two young musicians from Savannakhet have brought home top honors from the National Youth and Junior Khaen Competition, held on 22 June in Vientiane Capital. Khonmee Kingkaewsaiyalath and Anousone Saysomphong wowed the judges, securing first place in the Youth and Junior categories, respectively.

Both, Khonmee and Anousone, are students at the Training Center for Khaen Teachers, Khaen Production, and Traditional Music in Savannakhet, led by Khamsith Phommachanh.

Despite the center being established only in early June, Khamsit praised the students’ dedication as a game changer for the competition. 

“Even with limited practice time, their special technique led them to victory,” he noted.

The competition featured participants from Huaphan, Savannakhet, Salavan, Vientiane Province, and Attapeu, showcasing their abilities to play the traditional Lao instrument, the khaen. This is a musical instrument, crafted from bamboo pipes connected to a small wooden chamber. Players blow air into the chamber to produce melodic sounds.

“Khaen is an instrument to bring joy to both the player and listener. I’m passionate about learning Khaen to inherit it because it is unique and makes everyone smile and dance while playing it,” said another khaen student from Vientiane, Mangkonephet Luangrath.

With a focus on keeping this art form alive for future generations, various communities are creating educational centers to teach the khaen.

“I knew that I loved playing Khaen when I joined the Khaen workshop for students at my university. I felt it was enjoyable and wanted to keep learning it so I decided to busk at Patuxay Monument to practice,” said  Phasouthin Manisoth, a member of Khaen Lao Eoiy Toiy and a teacher at Sala Sujipuli in Vientiane. “I noticed that most of the children and teenagers don’t know about Khaen so I wanted to be part of preserving our tradition as permanent.”

The victories of Khonmee and Anousone not only demonstrate their talent but also celebrate the cultural importance of the khaen. As more young people embrace this traditional instrument, the future of Lao music looks bright, ensuring the khaen’s sounds continue to resonate with the Lao people.

EFT Solutions announces FY2023/24 annual results, Net Profit increased by over 60% YoY

Proposed a final dividend of HK2.0 cents per share


Highlights:

  • Revenue generated from provision of system support and software solution services increased by 26.9% to approximately HK$87.7 million.
  • Gross profit increased by 32.9% to approximately HK$62.2 million.
  • Net profit increased by 61.8% to approximately HK$31.2 million.
  • Earnings per share was HK6.51 cents. The Board recommended the payment of final dividend of HK2.0 cents per share.

HONG KONG SAR – Media OutReach Newswire – 29 June 2024 – EFT Solutions Holdings Limited (“EFT Solutions” or the “Company”, together with its subsidiaries, the “Group”; stock code: 8062.HK), a leading electronic fund transfer point-of-sales (“EFT-POS”) solution provider in Hong Kong, announced its annual results for the year ended 31 March 2024 (the “Financial Year under Review”). During the Financial Year under Review, the Group recorded revenue of approximately HK$127.7 million which represented an increase of approximately 14.7% as compared with approximately HK$111.3 million for the year ended 31 March 2023.

For sales of EFT-POS terminals and peripheral devices, revenue of approximately HK$40.0 million and HK$42.2 million were recognized for year ended 31 March 2024 and 2023, respectively, which represented a decrease of approximately 5.2%.

For provision of system support and software solution services, revenue of approximately HK$87.7 million and HK$69.1 million were recognized for year ended 31 March 2024 and 2023, respectively, which represented an increase of approximately 21.5% due to the increase of the provision of EFT-POS system support and software solution services.

PROSPECTS

As a leading provider of electronic payment terminal solutions in the industry, with more than 20 years of hard work and tireless exploration, the Group has strong capabilities and a solid foundation, accumulated rich experience and advanced technology, and can flexibly handle different currencies and cross-regional businesses to meet the needs of different regions, creating an excellent user experience for our clients.

As an industry leader, we will not only continue to strive to provide innovative and reliable payment terminal services for our clients, but we also hope to gradually integrate artificial intelligence (AI) with our technology, making electronic payment transactions more secure and transparent, while also helping enterprises reduce transaction costs and accelerate transaction speed, promoting the business growth of our clients, and also hoping to open a new chapter for the Group.

Relying on our continuously improving software technology and rice experience in technology implementation, the Group actively explored various overseas smart city projects during the Financial Year under Review, including providing hardware, software technology and e-wallet gateway services in different countries and cities such as South-East Asia countries, and successfully developed electronic payment terminal equipment and software technology suitable for the local environment for a bank in Mongolia. The Group is also committed to interconnecting electronic payments in different regions, so that consumers can use their local e-wallets when consuming abroad, fully seizing the opportunities in the international market.

We are aware of the critical role of big data in driving industry innovation and development. Every transaction contains valuable information, and if we properly manage and analyse these massive transaction data, we can gain insights into consumer behaviour and grasp market trends, thereby providing our clients with more precise and personalized payment solutions and enhancing their market competitiveness and operational efficiency.

Mr. Andrew Lo Chun-kit, Chairman and CEO of EFT Solutions said, “driven by the globe attaching great importance to digital transformation, the demands of provision of EFT-POS system support services and software solution services have been increased. We will continuously and actively explore various local and overseas smart city projects to provide dedicated service to customers and bring greater returns for the shareholders of the Group.”
Hashtag: #EFTSolutions #俊盟國際 #AnnualResults

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

EFT Solutions Holdings Limited

EFT Solutions Holdings Limited (Stock Code: 8062.HK) has been committed to providing a full range of electronic payment solutions, supporting software and peripheral devices, in order to bring convenience to Hong Kong citizens and make their life better. It aims at providing the most suitable electronic payment solution for different customers, as well as providing add-value function for EFT-POS terminal, and coordinating terminal installation and maintenance service. Its EFT-POS terminal service covers renowned restaurant group, railway company, banks, major chain stores and department stores in Hong Kong.

Lee Kum Kee is The World’s 50 Best Restaurants’ first-ever Official Sauce & Condiment Partner


LAS VEGAS, USA – Media OutReach Newswire – 28 June 2024 – Lee Kum Kee Sauce Group (“Lee Kum Kee”), the renowned Asian cooking brand, announces a high-profile global collaboration with The World’s 50 Best Restaurants as its first-ever exclusive Official Sauce & Condiment Partner.

Lee Kum Kee is the Official Sauce & Condiment Partner of The World’s 50 Best Restaurants. (Photo: Focus Event Photography)
Lee Kum Kee is the Official Sauce & Condiment Partner of The World’s 50 Best Restaurants. (Photo: Focus Event Photography)

Lee Kum Kee made its debut at The World’s 50 Best Restaurants 2024 event in Las Vegas during 3-6 June, where leading chefs, gastronomic media and culinary experts converged for the reveal of this year’s hotly-anticipated list.

Throughout the four-day programme, Lee Kum Kee proudly showcased its authentic Asian sauces and condiments. The company’s signature sauces such as Oyster Sauce, Sriracha Mayo and Hoisin Sauce were featured in the welcome dinner, Chef’s Feast, awards reception and closing party menus. Moreover, Lee Kum Kee provided premium bites to the delight of the audience at its booth. Prepared by Lee Kum Kee USA’s chef team, the Wagyu steak tartare with Lee Kum Kee Premium Oyster Sauce was particularly well-received. The positive feedback received by Lee Kum Kee underscores its broad appeal as a “global gateway to Asian cuisine”, with guests from diverse backgrounds appreciating its products’ quality and flavour.

The Lee Kum Kee team tempts attendees at The World’s 50 Best Restaurants 2024 event with delectable bites. (Photo: Focus Event Photography)
The Lee Kum Kee team tempts attendees at The World’s 50 Best Restaurants 2024 event with delectable bites. (Photo: Focus Event Photography)

Doreen Cheng, Chief Marketing Officer of Lee Kum Kee Sauce Group said, “Lee Kum Kee is immensely proud to partner with The World’s 50 Best Restaurants and bring authentic high-quality Asian sauces and condiments to connoisseurs around the world. It reflects our commitment to be a global gateway to Asian culinary culture and foster a community with a shared passion for excellent culinary experiences.”

With a richly flavourful heritage of over 135 years, Lee Kum Kee is synonymous around the world with the authentic tastes of Asia. Today, the brand provides over 300 types of sauces and condiments to over 100 countries and regions.

Lee Kum Kee looks forward to continuing its partnership with 50 Best’s regarded community over the next year. The company is excited to bring to life superior experiences worldwide through upcoming events such as Latin America’s 50 Best Restaurants 2024 and Asia’s 50 Best Restaurants 2025.

Hashtag: #LeeKumKee #LKK #LeeKumKeeSauceGroup #Worlds50Best

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

About Lee Kum Kee Sauce Group

Lee Kum Kee was established in 1888 when its founder, Lee Kum Sheung created his own oyster sauce in Nanshui, Zhuhai, Guangdong Province, China. With a glorious history of over 135 years, Lee Kum Kee has become an international household name as well as a symbol of quality and trust. Today, it offers more than 300 types of sauces and condiments in over 100 countries and regions.

For more information about Lee Kum Kee Sauce Group, please visit:

About The World’s 50 Best Restaurants

Since 2002, The World’s 50 Best Restaurants has reflected the diversity of the world’s culinary landscape. The annual list of the world’s most prestigious restaurants provides a snapshot of some of the best destinations for unique culinary experiences, in addition to being a barometer for and a pioneer of global gastronomic trends.

The 50 Best family also includes Latin America’s 50 Best Restaurants, Asia’s 50 Best Restaurants, Middle East & North Africa’s 50 Best Restaurants, The World’s 50 Best Hotels, The World’s 50 Best Bars, Asia’s 50 Best Bars, North America’s 50 Best Bars, 50 Best Discovery and the #50BestTalks series, all of which are owned and run by William Reed. 50 Best aims to bring together communities across the hospitality sector to foster collaboration, inclusivity, diversity and discovery and help drive positive change.

For more information, please visit:

CoolThink@JC Commendation Scheme 2024: Debut of Inaugural Teaching Assistant Awards Empowering Growth Through Digital Inclusion


HONG KONG SAR – Media OutReach Newswire – 28 June 2024 – As artificial intelligence (AI) becomes increasingly prevalent, students who possess creative thinking and problem-solving abilities can sustain their competitiveness in an era of rapid change. CoolThink@JC, an initiative created and funded by The Hong Kong Jockey Club Charities Trust, aims to foster digital creativity in young learners, motivating them from an early age to use technology for the benefit of society.

Group photo of the officiating guests and representatives of the programme partners
Group photo of the officiating guests and representatives of the programme partners

The CoolThink@JC Commendation Scheme 2024 Ceremony was successfully held on 28 June, recognising schools and teachers who have made significant contributions to computational thinking education and demonstrated a commitment to excellence. The Ceremony also honoured students who are actively engaged in their learning, with the introduction of a new CoolThink Outstanding Teaching Assistant Award to acknowledge their exceptional achievements in promoting computational thinking and enhancing the overall quality of education.

The recipients of the CoolThink@JC Commendation Scheme 2024 have been announced following a rigorous selection by a jury composed of academics and educators (visit the website for full list of awardees). Three schools have been recognised as Resource Schools, 26 as CoolThink Network Schools, 20 teachers as CoolThink Fellows, 132 teachers as CoolThink Teachers, and 187 students as CoolThink High-Flyers. Nine teaching assistants received the new CoolThink Outstanding Teaching Assistant Award. These dedicated individuals assist teachers in delivering high-quality education and facilitating meaningful learning experiences.

Ms Ada Chu, Head of Charities (Talent and Sector Development; Institute of Philanthropy) of The Hong Kong Jockey Club, said at the Commendation Ceremony: “CoolThink@JC believes that computational thinking education should be a fundamental component of basic education as it is an essential skill for the 21st century. Over the last eight years, the Hong Kong Jockey Club Charities Trust has invested more than HK$500 million to provide computational thinking education for upper primary students, fostering their ability to actively use technology for societal benefit while integrating computational thinking into standard curricula. We are delighted that the Education Bureau formally adopted and adapted CoolThink@JC’s materials in 2023, integrating them into the standard curriculum of all primary schools in Hong Kong, thus ensuring equitable learning opportunities for all.”

CoolThink@JC not only cultivates critical thinking and encourages students to engage in digital programming, it also transforms the classroom dynamics for teachers. Through innovative educational strategies, teaching methods and comprehensive support, education is enhanced, magnifying the overall impact of teaching. The curriculum places students at the centre, transforming teachers from content deliverers to facilitators who guide students in critical thinking, questioning and problem-solving, motivating them to learn independently.

CoolThink@JC consists of two distinct phases: the pilot phase (2016 to 2020) and the second phase (post-2020). Both phases have yielded significant outcomes, global recognition and a sustainable impact. After eight-year on-going efforts, the scheme has engaged over 100,000 students and 30,000 parents. It covered 100% of public and subsidised schools, trained more than 2,000 teachers, and demonstrated The Hong Kong Jockey Club’s commitment to advancing computational thinking education. The CoolThink@JC content has been adopted and adapted in the Education Bureau’s Curriculum Modules for Innovation and Technology Education. By promoting STEAM (Science, Technology, Engineering, Arts and Mathematics) education in primary schools, it equips students with essential 21st-century skills and enhances their digital literacy.

Appendix:

CoolThink@JC Commendation Scheme 2024 – Teachers & Students Experience Sharing

Four students spoke on the topic of “Learning How to Learn”, discussing how computational thinking facilitates growth across various subjects and environments. Among them, Pui Kiu College F.1 students Clement Chan Yik-hong and Oa-Yang Yee-ching showcased the “I-smart school bag”. They shared the benefits of applying computational thinking outside the classroom and how it assisted secondary school learning. They are continuously refining their design of the “I-smart school bag” in the hope that more primary students will benefit. Damaso Clyde Jaiden, a P.6 student from Jordan Road Government Primary School and a non-Chinese-speaking student, explained how computational thinking has enabled him to develop new skills and significantly boosted his confidence and engagement in both school and the wider community. Siu Chor Laam, a P.6 student at Cho Yiu Catholic Primary School, shared her experiences as a CoolThinker, detailing how she helps her classmates learn computational thinking at school.

Three teachers and teaching assistants discussed the importance of computational thinking education for personal growth in teaching. Mr. Astom Wong from Fung Kai No.1 Primary School, a resource school, emphasised the importance of upskilling for teachers and explained how the computational thinking education programme enhances teachers’ skills. Janice So, a senior teaching lead from City University of Hong Kong, elaborated on her co-teaching role and summarised her experiences in promoting computational thinking education across various schools, highlighting the transformation of teachers and teaching assistants involved in the programme.

Mr. Oscar Chow, who transitioned from a teaching assistant to a CoolThink teacher at HKUGA Primary School, recounted his journey as a teacher without an IT background. He first engaged with CoolThink@JC while at university in 2017, and it inspired him to pursue a career as a STEM teacher to promote the development of computational thinking in schools. He discussed the growth and evolution of computational thinking education over the past eight years. Mr. Chow also anticipated a future in which artificial intelligence (AI) becomes increasingly mature. He explored how computational thinking can effectively prepare students and teachers for the AI era.

Full list of awardees is available on the website:

https://www.coolthink.hk/coolthink-%E9%A0%92%E7%8D%8E%E5%85%B8%E7%A6%AE-23-2413131313/

Hashtag: #CoolThink@JC

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

HONMA Golf Announces Annual Results for FY2023/24 Sustained Net Profit Growth and Robust Cash Flow


HONG KONG SAR – Media OutReach Newswire – 28 June 2024 – HONMA Golf Limited (“HONMA”; together with its subsidiaries, the “Group”; HKEX stock code: 6858), one of the most prestigious golf brands worldwide, announces its consolidated annual results for the year ended 31 March 2024 (the “Period”).

Financial Highlights

  • Due to negative impact from global economic uncertainty and retail sentiments, the Group’s revenue decreased by 11.1% to JPY26,222.9 million (equivalent to USD182.6 million).
  • Notwithstanding this, the Group’s gross profit margin expanded by 0.4 percentage points during the same period to 51.2%, thanks to its unique brand and price positioning as well as continued channel optimization.
  • Similarly, the Group’s EBITDA rose robustly by 22.0% as compared to the same period last year and reached JPY 7,285 million (equivalent USD 50.7 million). Net profit increased by 48.3% and net profit margin improved by 7.4 percentage points.
  • Net operating cash flow remained positive, standing at JPY5,416.1 million (equivalent USD 37.7 million) for the year ended 31 March 2024. The Group’s net operating cash flow grew by a CAGR of 18.7% over the past six years.
  • A final dividend of JPY1.5 per share was declared, which together with the interim dividend of JPY1.5 per share led to a total dividend for the year of JPY3.0 per share. Total dividend payout will amount to JPY1,816.9 million, representing 37.6% of the Group’s distributable profits for the period.

Major Achievements

For the year ended 31 March 2024, HONMA continued executing its growth strategy of “single brand, multi-categories and Asia-focused” while carefully protecting its financial strength and cash flow. Despite sales performance, HONMA delivered rock solid profitability improvements by continuously implementing operational efficiency improvement initiatives while re-strategizing its distribution footprints in Asia. As a result, HONMA continued to experience positive sales growth in its direct-to-consumer channels and hero product categories during the Period. Furthermore, the Group also recorded net profit growth, improved net profit margin and operating cash flow, demonstrating the Group’s exceptional management capabilities and business resilience in a volatile economic environment.

Improving Profitable Growth by Focusing on High-Margin Self-Operated Channels

Revenue from self-operated stores increased by 7.2% from JPY10,217.0 million for the year ended 31 March 2023 to JPY10,952.2 million for the year ended 31 March 2024; and gross profit margin sharply went up by 7.0pp to reach 56.8%. Such increase was mainly due to robust retail sales performance in Japan and mainland China, with year-on-year retail sales growth of 16.0% and 15.7% respectively.

HONMA operates the largest number of self-operated stores among major golf companies. Self-operated stores provide consumers with a 360-degree experience of the HONMA brand and its products. As at 31 March 2024, the Group had 95 HONMA-branded self-operated stores, representing a net increase of five stores during the Period, all of which were located in Asia. The Group aims to continuously upgrade the design, visual display and consumer experience of its self-operated stores to project one consistent brand image and consumer experience.

At the same time, HONMA strategically redeployed its wholesale channels by a better focus on the larger and more relevant retailers across all of its markets. As a result, revenue from third-party retailers and wholesalers decreased by 20.8% for the Period. As at the end of March 31, 2024, HONMA has substantially completed its channel optimization in Europe and the US, but the process in the home markets (Japan, Korea and China (including Hong Kong and Macau)) remains underway.

Visible Ecommerce Sales Growth with Revenue up 17.4% YOY across Public and Private Spheres

The creation of a robust and active digital ecosystem, from content to sales conversion, from public to private sphere has been a key part of HONMA’s growth initiatives. During the last financial year, revenue from e-commerce grew by 17.4%. The rapid expansion of digital communications generated improvements in organic traffic, conversion and other digital brand engagement matrixes such as bounce rate and time on site, among others.

In addition, to boost customer loyalty, the Group revamped its customer relationship management (“CRM”) systems in China to cover all of its sales and engagement touch points with elevated loyalty benefits. The Group’s CRM system upgrade led to a consistent rise in member recruitments, with the total number of members in China rising 43.7% YOY; while sales conversion rate and repurchase rate went up hand in hand.

Customer events have always been key to the continued enhancement of HONMA’s brand and product awareness as well as consumer engagement. During the Period, HONMA hosted 3,564 customer days across its home markets, most of which were held on golf courses with dedicated fitters. Although the total number of customer events slightly decreased, the average participation per event and sales conversion rate improved.

Uniquely Positioned Products Targeting Super-Premium and Premium-Performance Consumers

HONMA applied several of its revolutionary proprietary technologies to the design and development of its latest BERES and TOUR WORLD products, designed for affluent and avid golfers.

Following the launch of BERES 09 and BeZEAL 3 in early 2024, revenue from BERES golf clubs in Japan rose by 19.6%, while revenue from BeZEAL 3 rose by 6.0 times from the year ended 31 March 2023. This market reception reconfirmed HONMA’s strong brand equity, unique product positioning in the industry and its deep understanding of its consumers.

Accelerating Growth in Apparel to Create an Exquisite Range of Products

Revenue from apparels increased by 4.9% YOY to JPY3,157.5 million for the year ended 31 March 2024; gross profit margin of apparels increased by 16.8 percentage points YOY to 43.5%. Despite weak consumer sentiments in mainland China, apparels sales continued its growth trajectory and achieved 23.2% YOY growth, with gross profit margin reaching 62.0%.

Re-defining the HONMA Brand and Creating a 360-degree Brand Experience

HONMA initiated various programs to improve its global brand positioning and communication with target consumers. To re-define HONMA as a dynamic, relevant and premium golf lifestyle brand among Internet-savvy younger golfers, HONMA has constantly upgraded its global website and social media platforms. Through regular visual and content updates to all its digital platforms, HONMA continually promotes its brand and product recognition, and its strategic content refreshes are designed to appeal to the younger golfing demographic.

HONMA retained leading design and marketing agencies to renovate its retail space so as to provide the ultimate brand experience and customizable consumer journey in major markets. For the year ended 31 March 2024, HONMA opened 14 new stores in China, one in Japan and two elsewhere in Asia, consistently applying the new retail visual identity, design concept and consumer experience elements using advanced technology. HONMA also upgraded multiple shop-in-shops in the US, Japan and China using the same design concept so as to present the same consumer space and experience in all markets.

Business Outlook

Moving forward, HONMA is committed to executing its long-term growth strategy to build a world-leading golf lifestyle company leveraging on HONMA’s brand legacy, expanding distribution network, innovative technologies, and traditional Japanese craftsmanship. HONMA will sustainably improve and transform the HONMA brand value into customer loyalty, continuously increase the Group’s market share in home markets by maintaining its leading position in the super-premium segment while making solid inroads into the fast-growing premium-performance segment, anchor sustainable growth in North America and Europe based on the updated product and distribution strategy, nurture complementary non-club product lines to provide customers with a complete golf lifestyle experience and continue product innovation and development to cater for the latest market trends.

Mr. LIU Jianguo, Chairman of the Board, President and Executive Director of HONMA Golf Limited, said: “Our performance in FY2024 showcases our resilience and strategic foresight in a challenging market environment. By focusing on high-margin channels, product innovation, and digital transformation, we have not only strengthened our financial position but also enhanced our market presence. HONMA is committed to enhancing our market penetration among key demographics in home markets. Additionally, we remain focused on optimizing our distribution channels to ensure sustained improvements in our operations. Looking ahead, we are committed to leveraging our brand legacy and innovative capabilities to drive sustainable growth and deliver exceptional value to our stakeholders.”

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About HONMA Golf Limited

HONMA is one of the most prestigious and iconic brands in the golf industry. Founded in 1959, HONMA combines the latest innovative technologies with traditional Japanese craftsmanship to provide golfers across the globe with premium, high-tech and high-performance golf clubs, balls, apparels and accessories.

As the only vertically integrated golf company with rich in-house design, development and manufacturing capabilities, extensive retail footprint in Asia and a diverse range of golf clubs and golf-related products, HONMA is perfectly positioned to continually grow its business in Asia and beyond, benefitting from the return of golfers in mature golf markets such as the US and Japan and from increased participation in new and under-penetrated markets such as Korea and China.

In the past couple of years, HONMA has actively re-branded itself in order to re-define the HONMA brand as a dynamic, relevant and premium golf lifestyle brand among younger golfers. The Group renewed its tour presence in Asia by retaining a HONMA team consisting of one veteran and five female players who are considered rising stars by the golf industry and collaborated with coaches and key opinion leaders in the main Asian markets. The Group also made significant investments into its retail distribution network and digital capabilities in Japan and China to provide a unified and improved consumer experience and journey to its loyal consumers as well as the younger golfers.