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Premium Pet Supplies Expo 2023 Officially Opens

Creating a Premium Pet World, Enjoying a Stylish Living Environment

HONG KONG SAR – Media OutReach – 2 June 2023 – Organized by Exhibition Group, the Premium Pet Supplies Expo, centered around the theme “Creating a Premium Pet World, Enjoying a Stylish Living Environment”, held its opening ceremony today. This marks the 10th edition of the Premium Pet Supplies Expo, following the momentum of the pet festival, promoting quality pet lifestyle products to the public.

Premium Pet Supplies Expo 2023 Officially Opens Today

According to data from Global Market Insights, the global pet industry had a market value of approximately $261 billion in 2022, and it is expected to grow to $350 billion by 2027, with a compound annual growth rate (CAGR) of 6.1%. The fastest-growing markets are in the Asia-Pacific region and Latin America, with annual growth rates of 9.3% and 5.9% respectively in 2022. The rapid growth of the Premium Pet Supplies Expo aligns perfectly with this pet wave.

Mr. Carl Wong, Chairman of Exhibition Group Limited, said: “The Hong Kong pet market is growing rapidly, radiating to the vast market of 86 million people in the Guangdong-Hong Kong-Macao Greater Bay Area, making it a must-contend location for global pet product displays and sales. The Hong Kong Pet Festival has become an important occasion for industry exchange and procurement. The subsequent Premium Pet Supplies Expo, with its precise positioning and product list, provides the latest and most popular pet supplies for buyers in Hong Kong, the Greater Bay Area, and globally.”

Last year, the Premium Pet Supplies Expo recorded over 240,000 entries. The exhibition offers a variety of food and feed, beverages, clothing, toys, beauty and grooming products, cleaning supplies, health medicines, cages and other items for visitors to choose from. Various exciting activities will also be held at the same venue, providing a great shopping and leisure destination for pet lovers across Hong Kong.

優質寵物用品展2023

Date 2-4 JUN 2023
Time 2-3 JUN 2023: 12nm-9pm
4 JUN 2023: 12nm-8pm
Location Hall 1 AB, Hong Kong Convention and Exhibition Centre
Website https://www.exhibitiongroup.com.hk/exhibitions/ppsexpo

Hashtag: #PremiumPetSuppliesExpo

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

Laos Lacks Heat Action Plan to Combat Recurring Heatwaves

Laos Still Doesn’t Have a Heat Action Plan to Combat Heat Waves
Man wipes his sweat with cloth.

Climate change caused by humans has made the recent heatwave that hit Laos, Thailand, India, and Bangladesh 30 times more likely to happen. But even with record-breaking temperatures in April 2023, only India had official Heat Action Plans (HAP) in place.

NetDragon Websoft Inc. Was Invited To Participate In The 18th United Nations Vesak Day and Developed The “UN Vesak Day Metaverse”

BANGKOK, THAILAND – Media OutReach – 2 June 2023 – On 1st and 2nd June, the 18th United Nations Vesak Day was held at the United Nations International Conference Center and Mahachulalongkornrajavidyalaya University (MCU) in Thailand. Participants from more than 50 countries around the world, including Director-General of UNESCO Audrey Azoulay, Thai Supreme Patriarch Prayut Chan-o-cha, President of the International Council for Day of Vesak (ICDV) The Most Ven. Prof. Dr. Phra Brahmapundit, and Ven. Yanjue, President of the Buddhist Association of China, totaling more than 3,000 people attended the event.

NetDragon Websoft Inc., as the digital Buddhist technology partner for this event, was invited to attend and developed the first United Nations Vesak Day Metaverse product, which was showcased at the conference and attracted the attention of guests from various countries.

The UN Vesak Day Metaverse has now constructed classic 3D scenes such as the United Nations International Conference Center, MCU, and the Buddhamonthon. Users can create digital avatars, register and log in by using multiple channels, participate in real-time meetings, and experience immersive online circumambulation of the Buddha and lighting of lamps. It connects the real world with the virtual world, making it convenient for users to participate in the festival celebration online in real time!

In order to celebrate the 18th United Nations Vesak Day, on May 29th, NetDragon Websoft Inc. and the International Buddhist Studies College (IBSC) of MCU jointly held the forum called “Buddhist Wisdom Coping With Global Digitalization: Pre-UN Vesak Day 2023 Celebrations”. Buddhist experts from Thailand, China, Bhutan, Vietnam, Myanmar, and other countries were invited to attend and deliver speeches. Through the forum, they further shared the strategies and wisdom that digital Buddhism could provide for “responding to the development of digital globalization”. Mr. Mi Xiong, President of NetDragon Digital Research Institute, gave a keynote speech on the theme of “The Diversified Development of Digital Buddhism”, showcasing NetDragon’s solutions and practices in digital Buddhist field, and the operation of Buddhist intellectual property on new media platforms.

Technological change has brought more opportunities to Buddhist education. With the help of the “Belt and Road” initiative and digital technology, “Digital Buddhism” has become one of the hottest topics in current Buddhist education. The construction of the United Nations Vesak Day Metaverse is hoping to attract more Buddhist organizations to participate, to work together, by using an international perspective to fully assist in their communication and collision of ideas.
Hashtag: #NetDragon

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

Ex-UN Head Ban Calls for More Diplomatic Pressure on Myanmar’s Military Leaders

Ex-un Head Ban Calls for More Diplomatic Pressure on Myanmar’s Military Leaders
Former U.N. Secretary-General Ban Ki-moon speaks during a news conference in Seoul, South Korea. (Photo: AP)

SEOUL, South Korea (AP) — Former UN Secretary-General Ban Ki-moon said Wednesday that he was communicating with authorities in military-run Myanmar as well as members of the armed resistance following a surprise visit to the country last month, and called for more diplomatic pressure on the ruling generals to end the violence.

Two Women From Philippines Intercepted on Trafficking Route to Laos

Two Females Intercepted in Trafficking Route to Laos
Photo from the Philippine's Bureau of Immigration. (Photo: BI)

Two women who pretended to be seafarers were stopped by the Bureau of Immigration (BI) at Clark International Airport in the Philippines while they were on their way to Laos to work at a scam call center.

Oi Wah and PACM Group entered into MOU

To cooperate in developing mortgage loan businesses including overseas market

HONG KONG SAR – Media OutReach – 2 June 2023 – The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the “Group” or “Oi Wah”) and PACM Group (Holdings) Limited (“PACM Group”) jointly announced that the two companies have entered into a memorandum of understanding (the “MOU”) yesterday, in relation to the formation of a strategic partnership to carry out long-term cooperation, which the parties intend to cooperate in the real estate private credit institutional investment management business with investment strategies including asset-backed direct lending, non-performing debt acquisition, acquisition financing, stretch senior financing, project financing, bridge financing and other debt related strategies within Hong Kong and overseas.

According to the MOU, one of the potential cooperation models between both parties is to jointly establish a limited partnership fund with Oi Wah acting as the cornerstone investor by providing initial capital for the fund; and a company to be jointly established by both parties to act as the general partner of the fund, the specific content of the cooperation model will be set out in a formal agreement to be entered into between both parties.

Mr. Edward Chan, Chairman and CEO of Oi Wah, said, “The Group is optimistic about the long term prospects of the mortgage business industry. We believe that the MOU provides a good opportunity for both parties to benefit from better allocation of resources, while helping the Group to develop its business in overseas markets, broaden its income sources and customer base. In addition, the long-term cooperative relationship between the parties will help the Group consolidate our position in the industry.”

Mr. Francis Ng, Managing Director and Chief Investment Officer of PACM Group, said, “We are privileged to be able to work with such an experienced subject matter expert spanning over 48 years of the lending sector in Hong Kong. Oi Wah has been a trusted partner of PACM Group since our establishment in 2018, and is only natural for the two companies to further the relationship with the development of a jointly established fund. This long-term strategic partnership with the lending specialist, Oi Wah, is an opportunity to lay a solid foundation for future growth through shared confidence and resources in the developed regional private credit business market.

Oi Wah will be an anchor investor for our upcoming Limited Partnership Fund, which will be the second fund launched by PACM Group. I believe the synergy between PACM Group and Oi Wah will successfully capture the window of rebounding market activities and respond quickly to the increasing demand for direct lending both at home and abroad, thus seizing the opportunity to expand our business and market share. PACM Group has always placed risk management for its investments as top priority in the first place. We are confident that, with our successful investment track record, we will continue to deliver strong returns to our investors on a risk-adjusted basis.”

Hashtag: #OiWah

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

Oi Wah Pawnshop Credit Holdings Limited

Oi Wah is a financing service provider in Hong Kong, mainly providing short-term secured financing, including pawn loans and mortgage loans. The Group established its first pawnshop in 1975 and currently owns 10 pawnshops in various locations in Hong Kong. Oi Wah diversified into mortgage loan business in 2009. The Group is the first local pawn shop which successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 12 March 2013.

PACM Group (Holdings) Limited

PACM Group (Holdings) Limited (“PACM Group”) is a real estate private credit investment management firm based in Hong Kong specializing in distressed investments / special situations in developed markets with projects in Hong Kong, Australia, the UK, and Canada. Pacific Aegis Capital Management (IM) Limited is a HKSFC regulated entity with a Type 9 Asset Management license.

Renewable Energy Surges, Driven by Solar Boom and High Fuel Prices, Report Finds

Renewable Energy Surges, Driven by Solar Boom and High Fuel Prices, Report Finds
Rooftops on private houses are covered by solar panels to produce renewable electricity in Duelmen, Germany. ( Photo : AP )

BERLIN (AP) — The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to offset high energy prices and take advantage of a boom in solar power, according to a new report Thursday.

States Must Join Efforts to Put Human Rights at Center to End Plastic Pollution, Says UN

States must join efforts to put human rights at the center to end plastic pollution, UN Human Rights Offices say
City workers remove garbage floating on the Negro River, which has a rising water level due to rain. (Photo: AP)

States must join efforts to put human rights at the center of a global legally binding instrument to end plastic pollution, the UN Human Rights Offices for South-East Asia and the Pacific said ahead of World Environment Day with the particular focus for this year on #BeatPlasticPollution.