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Indonesia’s Top Vitamin Gummy Brand Youvit Enters Malaysia Market

KUALA LUMPUR, MALAYSIA – Media OutReach – 25 May 2023 – Youvit, formulated in the United States, has become Indonesia’s number-one vitamin gummy brand since 2017 and is now expanding its business to Malaysia. Youvit product range is a complete “one-a-day vitamin gummy” for immunity, hair fall, glowing skin, and active kids that contains natural ingredients without artificial sweetener, coloring, and flavoring. Not only it offers delightful ways to take our daily nutrient needs, Youvit is also easy to consume.

With its beauty supplements, Youvit aims to make more people aware that healthy skin and hair start from the inside and help them fulfill their beauty goals from within, whether it’s hair fall or wishing to obtain brighter skin. Instead of offering a quick fix, Youvit’s two beauty product lines are helping people maintain their wellness over time: Biotin, which contains 7 vitamins and 2 minerals such as Biotin, Inositol & Zinc + Ginseng for stronger hair roots and anti-hair fall; Collagen, which contains 1000mg Collagen and Vitamin C for anti-aging and glowing skin.

Continuously innovating and knowing that according to study, up to 90% of kids do not get enough in their regular diet, Youvit has multivitamin for kids and DHA products which has fast become “The Kids’ Favourite Vitamin & DHA Gummy”. The multivitamin for kids contains 10 vitamins and 3 minerals with 12 vegetables, fruits, and Curcuma for children’s growth and development, while the DHA Kids gummy contains DHA, EPA, ALA for brain development and eye health.

In Malaysia, Youvit is already available in more than 1,500 retailers, such as Guardian, Watson, MyNews, AEON Wellness, AEON Supermarket, Jaya Grocer, and online at its official store in Shopee. Youvit beauty products can be found exclusively in Watsons and Youvit Kids DHA products are exclusively sold in Guardian. Head to www.youvit.com.my for further details about the products.
Hashtag: #YouvitMalaysia #VitaminGummy #TheOneaDayVitaminGummy



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

YOU Malaysia Sdn. Bhd.

YOU aims to lead in health and lifestyle functional food in Emerging Asia, focusing on millennials. We build consumer health ventures for densely populated economies, offering affordable premium products with sustainability and consumer focus. Through retail, direct sales, and subscription offerings, we ensure consistent intake and repeat purchases. YOU’s first product, multivitamin gummy, quickly became the best-selling vitamin product selling over 1,400,000 sachets in the first 18 months across 15,000 retail locations.

Oi Wah recorded net profit of 86.1 million with improved net interest margin in FY2023

Proposed final dividend of HK$0.87 cents per share

HONG KONG SAR – Media OutReach – 24 May 2023 – The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the “Group” or “Oi Wah”) announced its annual results and its financial position. For the year ended 28 February 2023 (“FY2023”), the Group recorded revenue of approximately HK$165.8 million and profit attributable to shareholders of the Company of approximately HK$86.1 million. During the year, net interest margin improved by 0.6 percentage point to 15.6%.

During the year, earnings per share was HK 4.5 cents. The Board of Directors recommends a final dividend of HK 0.87 cents.

Business Review

Mortgage loan business

In FY2023, the Group recorded interest income of the mortgage loan business of approximately HK$91.5 million, which accounted for approximately 55.2% of the Group’s total revenue. The gross mortgage loan receivables was approximately HK$754.5 million as at 28 February 2023 with the total new mortgage loans granted amounted to approximately HK$596.5 million in FY2023. During the year, there were 101 new cases of mortgage loan transactions, with average loan size of approximately HK$5.9 million.

During FY2023, the Group has continued to maintain a prudent approach when granting loans, underpinned by a focus on building a resilient loan portfolio amid the uncertain environment brought about by the pandemic. We are of the view that maintaining a cautious underwriting stance and healthy loan portfolio will position the Group well for the economic recovery and eventual normalization ahead. During FY2023, the loan-to-value ratio for the first mortgage is approximately 55.2%, while overall loan-to-value ratio for subordinary mortgage was approximately 56.2%, of which, loan-to-value ratio of subordinary mortgage that the Group participate in was approximately 9.8%.

Pawn Loan Business

During FY2023, the revenue from the pawn loan business increased by 7.2% to approximately HK$74.3 million and the aggregate pawn loan amount granted increased by approximately 22.1% to approximately HK$966.3 million, thanks to an active second-hand luxury market, especially for watches, which has driven relevant refinancing demand. During FY2023, the Group continued to channel resources to advertising and promotion to enhance the Group’s brand exposure. Such effort has generated demand for one-to-one pawn loan appointment services for pawn loans exceeding HK$0.1 million. The number of pawn loan transactions granted of such amount increased to 725 transactions in FY2023. The average loan amount also increased to approximately HK$13,600 per transaction.

Prospects

Looking ahead, the lifting of COVID-19 restrictions and the launch of the “Hello Hong Kong” campaign by the HKSAR government to welcome global visitors mean the economy is poised for recovery. The Group plans to leverage the economic upswing by opening a new premium service center at MTR station in the first half of the next fiscal year. It will provide customers with a private and streamlined alternative financing solution that differentiates us from traditional banks and money lenders. The Group plans to integrate with fintech developments of a pawn loan app, acting as a pick-up point for customers. The entire application process will be digitized and made convenient through the app where customers can book appointments, get initial collateral evaluations, loan quotes and apply for loans. Our Group believes that by offering a simple, quick and efficient one-stop loan solution catering to the needs of high net worth individuals, MTR travelers and SMEs, we will gain a core competitive advantage and driver of future growth.

As Hong Kong reconnects with the world, the Group is excited to seek overseas expansion opportunities, including partnering with reputable foreign funds to grow our syndicated loan businesses. With over 45 years of industry experience in pawn loans and alternative financing as well the first large-scale listed pawnbroker in Hong Kong, the Group has built a strong reputation and expertise in this segment. The Group believes that it can leverage this competitive edge to further expand its loan portfolio internationally, diversify geographically beyond Hong Kong and drive business momentum. With Hong Kong’s role as a global financial hub and connectivity to Mainland China and the rest of Asia, the Group is well positioned to serve as a financing partner for foreign funds and institutions.

Mr. Edward Chan, Chairman and CEO of the Company, said, “With the recession of the pandemic and the gradual recovery of the economy, pawn loan business and mortgage loan business of the Group has maintained steady growth during the year. Looking ahead, we will strive to capture the opportunity to expand our market share when the business activities pick up, and to create greater returns to our shareholders.”

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.

IGC and Datang Wealth, a financial institution in the Mainland, to reach long-term strategic cooperation

Artificial intelligence trading technology turns to commercialization

HONG KONG SAR – Media OutReach – 24 May 2023 – International Genius Company (“IGC” or the “Company”, together with its subsidiaries, the “Group”; stock code: 0033.HK), a Hong Kong based financial institution, is pleased to announce that, through its wholly-owned subsidiary, entered into a strategic cooperative framework agreement with a well-known Mainland financial institution, Datang Wealth Management Co., Ltd. (“Datang Wealth“) to establish a long-term strategic partnership.

Datang Wealth was established in the Mainland in 2011 and is currently a leading wealth management institution with a hundred billion-level management scale in Greater China, which has been honoured with awards since its establishment. For years, Datang Wealth has been committed to providing high value-added private banking services to financial institutions and ultra-high-net-worth customers with approximately 5,000 employees and tens of thousands of quality customers.

The Group believes that the establishment of a strategic partnership with Datang Wealth will be conductive to the long-term development of the Group and the interests of all shareholders. The existing quality customer network of Datang Wealth, including globally renowned and leading asset management companies, wealth management companies, financial institutions and listed companies, will be beneficial for the Group to empower its artificial intelligence trading technology in turn commercializing and turning it into a business to generate stable and considerable operating profits for the Group.

Hashtag: #IGC

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

International Genius Company

International Genius Company is a technology-based financial institution leveraging the unique position of Hong Kong as an international financial centre connecting China and the world. The Group offers comprehensive financial products and services, including party product trading, trust or company service, financial services, advancing business, and commodities trading. The Group is committed to be a top-tier financial institution offering premium and comprehensive financial services.

OPPO Brings Inspirational Moments to People through Professional Imaging Technologies at Roland-Garros 2023

SHENZHEN, CHINA – Media OutReach – 24 May 2023 – Roland-Garros 2023, the must-attend clay court tennis event, takes place from May 22 to June 11 in Paris. For its fifth consecutive year as premium partner of the tournament, OPPO will once again capture inspirational moments on and off the court using its professional imaging technologies and bring them to tennis fans worldwide.

Caption

Built on a foundation of shared values, OPPO’s collaboration with Roland-Garros has brought to life the powerful connection between technology and sport, expanding the impact of this exciting sports worldwide over the past four years. OPPO has been using the top-of-the-line professional imaging technologies to capture athletes, fans, and other sparks of excitement on and off the court.

As the world’s most prestigious clay-court event, Roland-Garros is filled with inspirational moments and spirit that inspires generations of tennis fans to follow their passion with more positivity and confidence. OPPO’s own professionalism and the ability to create products with advanced technology perfectly match the professional performances seen day-in, day-out on the courts. Together with Roland-Garros, OPPO looks forward to empowering fans to better witness, experience, and share precious moments throughout the tournament and bringing the charm of the game to the world at Roland-Garros 2023.

Caption
Picture Shot on OPPO

During the tournament, OPPO will once again host the RG x OPPO Photo Gallery, showcasing inspirational moments captured by OPPO’s latest flagship smartphones including OPPO Find N2 Flip. Through the “Shot of the Day”, OPPO will also continue to bring the best shot or rally to fans through Roland-Garros’s digital platforms every day of the tournament.

With its brand proposition “Inspiration Ahead”, OPPO will work closely with Roland-Garros to bring more passion and inspiration to tennis through its world-leading devices and technologies while empowering global fans to better enjoy and participate in this year’s tournament.

Hashtag: #OPPO

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

About OPPO

OPPO is a leading global smart device brand. Since the launch of its first mobile phone – “Smiley Face” – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.

About ROLAND-GARROS

In the eyes of sports fans, and indeed the general public, Roland Garros is an unmissable event. The 2022 tournament was attended by more than 600,000 spectators and was broadcast in 223 countries worldwide, confirming the tournament’s status as a first-class international sporting event. Organised by the French Tennis Federation, Roland Garros is the only Grand Slam tournament to be played on clay, one of the oldest and most noble surfaces in the history of tennis.

Industry-leading Media Digitisation Service Capture.HK launches New Website using Odoo 16’s Website and E-commerce Modules

HONG KONG SAR – Media OutReach – 24 May 2023 – Capture.HK, the leading analogue media digitisation service provider in Hong Kong, and Odoo, a powerful and easy-to-use business management platform, announced today the launch of Capture.HK’s new website using the newly released Odoo 16 Website and E-commerce modules, and the first to use Odoo’s Web Design Service in Hong Kong.

The new website is designed to streamline Capture.HK‘s business processes, introducing a faster checkout, easier payment options and the ability to schedule appointments with memory specialists.

Capture improved Customer Experience with Odoo Website Integration

The integration of Odoo Website has brought new and enhanced functionality, making the customer experience more convenient and efficient. For example, customers can now enjoy easy shopping with an à la carte menu that allows them to choose any volume of analogue media they have, whether it is photographs, videotapes, or digital media. Scheduling a drop-off or pickup at the Capture Experience Centre in Sheung Wan is made easier using Odoo’s Appointments module. Customers can also access valuable resources to learn more about analogue media digitisation and the latest industry trends.

“At Capture.HK, we care deeply about our customer experience,” said Michael Chang, CEO of Capture.HK. “We were looking for an integrated solution that could tie our website to all of our backend digitisation systems. Odoo is the clear market leader to help us accomplish that.”

“Capture.HK’s new website is the first site to launch in Hong Kong with the help of our new Website Design Service and on Odoo version 16.” said Helena Wong, a web designer expert from Odoo. “Odoo is able to provide modules for every business process and function including CRM, Marketing Automation and Reporting.”

Experience Capture HK New Website

Capture.HK’s new website on Odoo is now live and available for customers to access. To learn more about Capture.HK’s new website and partnership with Odoo, watch the video interview released by Odoo.

Hashtag: #capturehk #odoo #analoguemediadigitisation#media-digitisation


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

About Capture.HK

Capture.HK is the most advanced analogue media digitisation service provider in Hong Kong. We digitise , , and using our proprietary technology. Capture is the only digitisation service that saves your memories directly to . Globally, we have helped more than 12 million families to safeguard their most precious family memories. We have a convenient Capture Experience Centre and drop off location in Sheung Wan.

About Odoo

Odoo is a leading suite of open-source business applications that cover all your company needs: CRM, eCommerce, accounting, inventory, point of sale, project management, etc… Founded in 2005 by Fabien Pinckaers, its current CEO, Odoo is one of the most installed cloud business applications with over 7 million users and 2,000+ installations/cloud databases created each day. Odoo’s unique value proposition is to be at the same time very easy to use and fully integrated.

Tongcheng Travel 2023 First Quarter Earnings Soar on Robust Domestic Travel Demand

Adjusted Net Profit Increases by 106% to RMB503.6 Million

HONG KONG SAR – Media OutReach – 24 May 2023 – Tongcheng Travel Holdings Limited (“Tongcheng Travel” or the “Company”, together with its subsidiaries the “Group”, stock code: 0780.HK), an innovator and leader in China’s online travel industry, today announced its unaudited consolidated results for the three months ended 31 March 2023 (the “period under review” or “2023 Q1”).

2023 Q1 Highlights With 2022 Q1 Year-on-year Comparison

Strong Revenue and Profit Rebound

  • Revenue increased by 50.5% year-on-year to RMB2,586.1 million
  • Adjusted EBITDA increased by 67.0% year-on-year to RMB732.2 million; adjusted EBITDA margin increased from 25.5% in 2022 Q1 to 28.3%
  • Adjusted net profit for the period increased by 105.6% year-on-year to RMB503.6 million; adjusted net margin increased from 14.3% in 2022 Q1 to 19.5%

Record Highs in Average Number of MAUs and MPUs

  • Number of average monthly active users (“MAUs”) increased by 16.9% year-on-year to 286.1 million
  • Number of average monthly paying users (“MPUs”) increased by 30.6% year-on-year to 41.4 million
  • Paying ratio rose from 12.9% in 2022 Q1 to 14.5%

Mr. Ma Heping, Executive Director and Chief Executive Officer of Tongcheng Travel, said, “China’s domestic travel market has witnessed an impressive rebound since the lifting of pandemic restrictions in early 2023. We are pleased to have captured the long pent-up market demand and achieved business record highs across the board in the first quarter of 2023, thanks to the strategic planning we had made in prior years that enabled us to maintain solid development even amid the pandemic. We continue to expand our user base, deepened our reach in non-first-tier cities, and strengthened our innovation capabilities. Our flexible and highly efficient strategies that respond swiftly to market changes have placed us in a solid position to ride on the market revival. We expect to see sustainable demand from consumers and are confident to outperform the industry with continuous growth.”

Transportation Ticketing and Accommodation Reservation Achieved Record Highs

During the period under review, the Group’s two major businesses, namely, transportation ticketing and accommodation reservation, both reached record highs. Revenue from transportation ticketing services increased by 35.9% year-on-year to RMB1,382.7 million, mainly driven by the historic high in total ticketing volume. The accommodation business witnessed substantial development, with revenue increasing by 53.6% year-on-year to RMB834.3 million. The room nights sold also witnessed a record-breaking peak and obtained over 130% year-on-year growth compared with the same period of 2019. Revenue from others, including advertising services, membership services, corporate travel services, ancillary value-added user services, hotel management services and attraction ticketing services, also increased by 134.1% year-on-year to RMB369.2 million.

Hotel Management and Package Tour Businesses as New Growth Drivers

Tongcheng Travel expanded via organic development and acquisitions to foster additional growth points. It expanded the hotel management business coverage under a comprehensive brand matrix, and started to develop its own package tour business following the acquisitions of certain traditional travel agency businesses. The package tour business is expected to be a gateway for the Group to delve into both domestic and international leisure vacations market in the future.

Tapped Further into Tencent Ecosystem and Developed New Scenarios to Diversify User Traffic

Tongcheng Travel continued to diversify its user traffic sources and expand its user reach through online and offline traffic channels. It expanded the services via Weixin Search (搜一搜), which covers hotel booking, transportation ticketing and tourist attraction ticketing, providing effortless and handy access to enhance user experience. While deepening its reach in the Tencent ecosystem, the Company has also developed usage scenarios through tapping into the ecosystems of cellphone manufacturers, short-video platforms, APPs, and others. For offline user acquisition, it worked with hotels to divert users to its platform through QR code scanning and developed alternative channels to tap into new scenarios through buses, metro and intra-city buses to attract potential users from non-tier-one cities.

Raised Efficiency Through Technology, Pushed Forward the Digitization

To further increase user satisfaction, Tongcheng Travel explored the feasibility of applying Artificial Intelligence Generated Content (AIGC) in operations in respect of customer service, product development and content management. Moreover, it further refined its Huixing system which offers intelligent travel solutions to enable users to make better travel arrangement during peak seasons when travel resources are scarce.

While Tongcheng Travel strengthened its capabilities, it also strived to drive the digitization of the industry. It provided Software-as-a-Service (SaaS) solutions through its comprehensive portfolio of hotel PMS brands to more individual, chain hotels and alternative accommodations to help them improve operational efficiencies. Tongcheng Travel established strategic cooperation with Yichang Sanxia Airport to develop it as the hub airport in southwest Hubei Province by leveraging its big data capability and local tourism resources. In addition, it also assisted regional airports in Inner Mongolia to boost their throughput by devising transit products for them.

Developed Village Tourism with “Tongcheng Thousand Villages Program”

As a socially responsible enterprise, Tongcheng Travel is driven by a dedication to create socially responsible value for stakeholders and the society at large. It launched the “Tongcheng Thousand Villages Program” to help more villages build sustainable tourism models and promote the development of the local green economy. Furthermore, Tongcheng Travel provided exclusive customer service for the hearing impaired and set up “Tongcheng Rest Stops” for outdoor workers. These actions were recognized by the China Consumers Association as one of the top 10 “Excellent Cases of Corporate Initiatives 2023”.

Strong Recovery During the Labor Day Holiday

China’s travel industry is now undergoing recovery. According to the data center of the Ministry of Culture and Tourism, it is estimated that a total of 274 million domestic tourist trips were made during the 2023 Labor Day holiday, representing an increase of 70.8% year-on-year, recovering up to 119.1% of the same period in 2019 on a comparable basis. The strong rebound was a clear sign of the population’s enthusiasm for traveling.

“We are optimistic about the future development of China’s travel industry. Especially in non-tier-one cities, the tourism-related infrastructure will improve significantly, and bringing a wider variety of offerings to the travel industry and more convenience to travelers. Having overcome a period of hardship during the pandemic, consumer behavior has gone through fundamental changes, as seen in the rising popularity of short-haul trips and staycations, which we believe will continue to bring additional growth momentum to the travel industry. We are confident that we can outperform the market by harnessing our competitive advantages in diversified sources of user traffic, solid market position, flexible operation strategy, and advanced technological capabilities,” Mr. Ma said.

Tongcheng Travel will continue to expand its sources of user traffic and expand its user base. Moreover, it will further improve products and services to cater to users’ needs. At the same time, it will explore opportunities for local and international business expansion and investment opportunities that match its strategic goals for future business growth to generate long-term sustainable value for its stakeholders and communities.Hashtag: #TongchengTravel

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

Tongcheng Travel Holdings Limited

Tongcheng Travel is a one-stop shop for users’ travel needs. With the mission “make travel easier and more joyful”, Tongcheng Travel offers a comprehensive and innovative selection of products and services covering nearly all aspects of travel, including transportation ticketing, accommodation reservation, tourist attraction ticketing, and products including package tour, self-guided tour and cruise, including a wide array of transportation and leisure travel scenarios primarily through its online platforms, which comprise its Tencent-based platforms, its proprietary mobile apps, quick apps and other channels.

As a technology-driven company, Tongcheng Travel leverages big data and AI capabilities to better understand the preferences and behaviors of users, thereby offering users customized products and services. Tongcheng Travel has a strategic focus on lower-tier cities in China and seized opportunities there supported by its diversified traffic sources, product innovation capability and flexible operation strategies. Through the in-depth understanding of user experience and advanced technological capabilities, Tongcheng Travel has been revolutionizing what consumers expect from the online travel industry, making the entire travel process more convenient, personalized and enjoyable than ever. Tongcheng Travel aims to develop and apply its advanced technology to transform from an online travel agency to intelligent travel assistant.

For more information, please visit the Group’s website at

Improving global research discoverability and visibility through ScienceDirect

New report highlights how world-leading academic publishers and ScienceDirect are collaborating to help researchers find and access research more easily

AMSTERDAM, NETHERLANDS – News Direct – 24 May 2023 – ScienceDirect, the Elsevier platform that is a leading source of scientific, technical, and medical research, has today published its ‘Expanded reach on a trusted platform’ report. The report is free to download and explores the initial results of ScienceDirect’s pilot initiative that enables researchers to search and discover articles from five publishing partners alongside content from Elsevier journals.

Since January 2022, American Chemical Society (ACS), the Royal Society of Chemistry (RSC), Taylor & Francis, and Wiley have made selected Organic Chemistry and Transportation research articles discoverable on ScienceDirect alongside Elsevier content. IUCr Journals, published by the International Union of Crystallography, joined the initiative in August 2022.

The report includes data on how research included in the pilot has been discovered and consumed, and insights from authors, readers, and librarians on how they perceive the collaboration. Key highlights include:

  • 90% of ScienceDirect users think the pilot is a good idea.
  • 73% of authors are either positive or very positive about their articles being shared in this way (20% are neutral).
  • Individual journals included in the pilot saw increases of up to 18.8% in total reach for their research included in the initiative.
  • Content in the pilot was more discoverable across a broader and more diverse geographic distribution: Pilot content saw 5% more visits from countries outside of North America and Europe (72%) in comparison to Elsevier organic chemistry content (67%).

The pilot will continue and be expanded beyond its initial scope of Organic Chemistry and Transportation content to cover additional research topics. American Society for Microbiology (ASM) and Brill will join the pilot and their research will be included on ScienceDirect in Spring/ Summer 2023, content from 36 journals will be added from both publishers.

Rose L’Huillier, SVP for Researcher Products at Elsevier, said: “While the pilot is still very new, we have produced this report as part of our commitment to keeping the research community updated on our progress. There is a lot more to do and understand, but we are pleased with the initial results. I’m delighted that ASM and Brill have chosen to take part, and we look forward to collaborating with them and our existing partners on how we can further improve global research discoverability and visibility for authors and help save readers’ time.”

During the pilot, researchers have been able to discover more than 100,000 articles from 38 industry-leading journals from the participating publishers, through search, recommendations and by browsing content. If an article is Open Access, the full text is available immediately in HTML. For all Open Access content and subscription content to which the user is entitled, researchers see a PDF button on ScienceDirect that indicates they have full text access, which takes them to the PDF hosted on the publisher website. Entitled access is determined using GetFTR, a free-to-use solution for platforms like ScienceDirect that enables real-time entitlement checks for any article. More detail is available about the pilot here.

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

About Elsevier

As a global leader in information and analytics, helps researchers and healthcare professionals advance science and improve health outcomes for the benefit of society. We do this by facilitating insights and critical decision-making for customers across the global research and health ecosystems.

In everything we publish, we uphold the highest standards of quality and integrity. We bring that same rigor to our information analytics solutions for researchers, health professionals, institutions, and funders.

Elsevier employs 8,700 people worldwide. We have supported the work of our research and health partners for more than 140 years. Growing from our roots in publishing, we offer knowledge and valuable analytics that help our users make breakthroughs and drive societal progress. Digital solutions such as , , , and support strategic , , and . Researchers and healthcare professionals rely on our 2,700+ digitized journals, including and ; our 43,000+ eBook titles; and our iconic reference works, such as Gray’s Anatomy. With the and our external , we work in partnership with diverse stakeholders to advance in science, research and healthcare in developing countries and around the world.

Elsevier is part of , a global provider of information-based analytics and decision tools for professional and business customers.

Kerry Logistics Network Implements Sorting Robot KOOLBee To Boost Efficiency in Fashion E-commerce Fulfilment

HONG KONG SAR – Media OutReach – 24 May 2023 – Kerry Logistics Network Limited (‘Kerry Logistics Network’, ‘KLN’; Stock Code 0636.HK) has implemented sorting robots for a global fast fashion brand to enhance sorting productivity and delivery efficiency to meet the booming demand in e-commerce fulfilment. Named “KOOLBee”, the sorting robot is an intelligent and flexible sorting solution that boost speed, productivity and accuracy in logistics operations.

The KOOLBee roll-out has taken place in phases across the logistics facilities in Hong Kong, Tianjin and Dongguan since November 2022. Requiring only a small area to operate, the robots have the advantage of being quickly deployed, reconfigured and scaled up, significantly increasing the accessibility and flexibility of sortation automation compared with traditional fixed automation. Utilising KOOLBee, the overall sorting productivity is increased by 270%.

Samuel Lau, Managing Director – Integrated Logistics North Asia of Kerry Logistics Network, said, “The fashion e-commerce industry is rapidly evolving and consumers’ expectations for fast deliveries are getting higher every year. KOOLBee is our latest robotics roll-out under the ‘KOOL’ banner to optimise sorting operations and bolster order fulfilment efficiency according to the specific needs of each customer. It has proven beneficial in supporting customers in handling enormous orders during seasonal peaks and promotion-driven shopping sprees. Following this launch, we are set to utilise this technology for other customers and verticals.”

Kerry Logistics Network is a firm believer in the benefits of technological advances in enhancing productivity, increasing agility and adding value to customers’ global supply chains. In 2021, KLN launched both KOOLBotic and KOOLBay, innovative technologies that are dedicated to cold chain logistics operations in the F&B industry. KLN is constantly exploring technological innovations and solutions to future-proof its operations, increasingly adopting automation to secure its place in the future of logistics.

Hashtag: #KerryLogisticsNetwork

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

Kerry Logistics Network Limited

Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and an extensive coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal), e-commerce and express to industrial project logistics and infrastructure investment.

With a global presence across 58 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

Kerry Logistics Network generated a revenue of over HK$86.6 billion in 2022. It is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng Corporate Sustainability Benchmark Index.