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Unlocking US$5M funding access for social enterprises, Choco Up partners with Dream Impact to bring Hong Kong’s impact ecosystem to new heights

SINGAPORE – Media OutReach – 17 November 2022 – Choco Up, Asia’s leading revenue-based financing and growth platform, today announces its partnership with Dream Impact, Hong Kong’s largest network of social enterprises and impact ventures.

In support of Dream Impact’s capital services, Choco Up aims to deploy up to US$5 million in non-dilutive booster capital to help social enterprises and ventures across different impact themes, such as Diversity, Equity & Inclusion (DEI), Circular Economy and Human-Centric Education, developed by Dream Impact in line with the United Nations’ 17 Sustainable Development Goals (SDGs).

These thematic initiatives bring together different parts of society on each of these topics to identify social needs and develop social innovation initiatives. Choco Up’s growth funding is anticipated to help socially conscious businesses to achieve their vision and mission.

Filling the funding gap that many traditional financial services providers are missing out on, the growth capital could have a transformative impact on social startups and impact ventures, empowering them to scale and generate measurable social and environmental impact alongside positive financial returns.

While many other investors remain on the fence about financing impact ventures, Choco Up is one of the first financial services providers in Asia to offer funding support for socially responsible businesses on a wide scale.

Brian Tsang, Co-founder and COO of Choco Up said: “We’re excited to work with Dream Impact to support social ventures and push forward the growth of the impact ecosystem in Hong Kong. The partnership with Dream Impact marks an important milestone in our impact finance journey, as we continue to expand our reach in the impact space and work towards enhancing financial inclusion for socially conscious businesses across Asia.”

Dream Impact, which celebrates its 5th birthday this year, is an impact-first organisation in Hong Kong that is committed to connecting social entrepreneurs to resources, bridging communities for collaboration and deepening impact in different fields. Its three pillars of work, namely capital, community and solutions, are key to achieving this goal.

Turning a new chapter in Hong Kong’s impact ecosystem through cross-sector collaboration

This partnership brings the knowledge, resources and expertise of Choco Up to Dream Impact and its network of impact-focused founders and enterprises.

Bringing together the resources of two leading players in the impact and finance spaces, the cross-sector collaboration is one of a kind in Asia, opening the door to multi-million dollar funding for numerous socially conscious businesses, empowering Dream Impact to amplify the impact of its work and Choco Up to expand its social footprint across industries.

“We’re pleased to work with Choco Up as our scale-up financing business partner who is aligned with our mission. They understand the value of social enterprises and impact ventures that are making efforts to shape the future that we collectively want, and share our vision of a society where everyone is conscious of the work they do, the things they buy and the values they advocate,” said Dorothy Lam, Co-founder and Chief Catalyst of Dream Impact.

Hashtag: #ChocoUp

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

About Choco Up

is a global technology and financial services platform, offering revenue-based financing and business growth solutions for digital merchants and startups. With data analytics and machine learning at its core, Choco Up employs vast integrations to automate fund deployment, providing fast-growing companies with zero-equity funding in a quick and seamless manner. We currently have offices in Singapore and Hong Kong and serve businesses worldwide, providing smart-growth analytics and global payment solutions to fuel their growth.

About Dream Impact

is Hong Kong’s largest network of social enterprises and impact ventures, building and growing Hong Kong’s impact ecosystem. Together with a community of 90+ social enterprises & impact ventures, we strive for building collective impact through providing impact community & space, impact solutions & consultation and impact capital services.

More information on Dream Impact and Choco Up Partnership

Dream Impact is an impact-first organisation in Hong Kong that is committed to connecting social entrepreneurs to resources, bridging communities for collaboration and deepening impact in different fields. Its three pillars of work, namely Capital, Community, and Solutions, are key to achieving this goal.

Supporting the mission and growth of social impact companies with capital services

With its capital pillar, Dream Impact provides a suite of services and programs for social impact companies that are actively seeking funding or investment, helping them to prepare for fundraising, matching them to like-minded investors and providing educational programs on impact investment.

The Investment Readiness Program, for example, is designed to help impact venture founders evaluate their business strategies, financial projections, fundraising plans and product roadmaps in order to help social ventures to become investment-ready.

Dream Impact will then help entrepreneurs to set up due diligence data rooms, and connect them with potential investors who could provide capital and resources to scale up their impact projects.

Building a diverse and inclusive impact community

At the heart of its community pillar, Dream Impact is dedicated to creating a diverse and inclusive impact community in Hong Kong.

Through workshops, panel sharing, networking and other events, Dream Impact brings together socially-minded individuals and purpose-driven organisations, enabling them to tap into its vast network of impact investors, corporates, academia, NGOs and more.

Further to Dream Impact’s endeavours to create an impact community, Choco Up will share with Dream Impact’s network their knowledge and expertise in business growth in support of both fellow members and entrepreneurs.

Co-founders of Choco Up, Percy Hung and Brian Tsang, will be joining Dream Impact’s network of social innovators, serving as mentors to social startup founders and entrepreneurs, working alongside the teams throughout their business and impact growth journeys.

“As a serial entrepreneur myself, I’ve had my fair share of trial and error before I found my way to entrepreneurial success. I’ve been there, and I want to share my knowledge and experience while nurturing budding impact founders and businesses, so they don’t have to walk this journey alone or without help,” said Percy Hung, Co-founder and CEO of Choco Up.

Percy’s wealth of entrepreneurial experience, which spanned 10+ years across multiple sectors, such as food & beverage, automotive, apparel and consumer tech, would be a valuable addition to Dream Impact’s body of mentors for social founders and entrepreneurs.

In this mentorship initiative, Brian Tsang, Co-founder and COO of Choco Up likewise has something to share with Dream Impact’s community. With deep expertise and experience in credit management and investment under his belt, Brian will be guiding social founders towards impact investing opportunities, building scalable impact businesses and creating positive financial returns while carrying out their impact imperatives.

Fostering development and implementation of impact solutions across the board

At the core of its solutions pillar, Dream Impact is committed to helping corporates, NGOs, schools and other institutions to source and integrate ESG solutions into their programs, curricula and work processes. With an aim to create a real impact shift in the community, the impact-first organisation has a sharp focus on the authenticity and practical implementation of ESG solutions.

Choco Up, with their wealth of experience from working in close partnership with hundreds of businesses, some of which are impact-driven, will be sharing their expertise and actionable insights on ESG integration that Dream Impact’s clients can leverage to drive business and impact growth.

“As a technology and financial services platform, we believe that empowering our partners and clients to implement sustainable solutions to societal challenges is the best way to create impact in society. It’s with our unique access to proprietary data and real case studies on businesses in different stages and sectors that we can provide insights to help Dream Impact to improve on their solutions,” said Brian Tsang, Co-founder and COO of Choco Up.

Foresight Signs Commercial Agreement With SUNWAY-AI for up to $51M

Foresight’s QuadSight® technology will provide driver assistance features to Chinese airport vehicles

NESS ZIONA, ISRAEL – News Direct – 17 November 2022 – Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight”), an innovator in automotive vision systems, announced today the signing of a joint development and supply agreement with SUNWAY-AI Technology (Changzhou) Co., Ltd. (“SUNWAY”), a global Chinese manufacturer of components for autonomous and unmanned intelligent vehicles. Over the contractual period of four years, the deal may yield up to $51 million in revenue based on demand from SUNWAY.

“Having tested Foresight’s technology extensively for more than a year, we believe that this partnership has great commercial potential in multiple applications and markets. We are completely satisfied with the performance of Foresight’s technology and have selected it because of its accurate point cloud and exceptional obstacle detection capabilities, which consistently outperform competing sensors in adverse weather and poor lighting conditions,” said Mr. Zheng Kui, Executive Director at SUNWAY. “Foresight’s passive, non-emitting sensors are a perfect fit for airport vehicles that employ autonomous systems in sensor-filled environments and can benefit from non-interfering solutions.”

The agreement establishes a joint program for the development and supply of obstacle detection systems and cloud gateway for driverless vehicles, as well as for advanced driver assistance systems (ADAS) for airport ground support vehicles, using both visible light and thermal cameras. Starting in the first half of 2023, SUNWAY will commercialize the ADAS systems to its customers and to third parties in Mainland China, as well as to Hong Kong, Taiwan and Macao. SUNWAY will assume responsibility for all regulatory clearances in connection with commercialization, as well as all installation, deployment, maintenance and support activities. Additionally, and subject to predefined commercial terms, SUNWAY was granted exclusive commercialization rights in China regarding the ADAS systems for ground support vehicles used in airports.

“Foresight’s selection by SUNWAY is a solid endorsement, reflecting recognition of our state-of-the-art vision systems by a Chinese automotive leader. We believe that the installation of our innovative QuadSight technology in various airport vehicles using advanced ADAS systems will bring a new level of safety and reliability to airport ground operations across China,” said Foresight CEO Haim Siboni. “We believe our technology, combined with SUNWAY’s, has a great potential for further deployment in additional applications and markets in China, such as agriculture and infrastructure,” Siboni concluded.

Foresight’s QuadSight® stereoscopic technology, including both proprietary software and cameras, will be licensed to SUNWAY and will serve as the underlying technology for SUNWAY’s ADAS systems, intended for integration into several types of vehicles working closely with aircraft, including fueling vehicles, garbage trucks, boarding vehicles, etc. The QuadSight system allows all obstacle detection in challenging weather and lighting conditions.

Hashtag: #Foresight

About SUNWAY-AI Technology

SUNWAY-AI Technology (Changzhou) Co., Ltd. focuses on research and development, design, manufacturing, and sales of intelligent vehicle technology and products. SUNWAY’s employees include technicians from the Institute of Automation of the Chinese Academy of Sciences, Tsinghua Automobile Research Institute, BAIC, and China Automobile. SUNWAY’s technologies and products equip autonomous vehicles, unmanned logistics and transportation vehicles, and unmanned commercial vehicles. Commercial cooperation to date includes well-known domestic enterprises such as XCMG group, LiuGong Group and Shenzhen Airport.

About Foresight

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions.

Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics.

For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow on Twitter, or join on LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the projected revenue that may be derived from the agreement, the belief that the partnership has great commercial potential in multiple applications and markets, that the selection by SUNWAY reflects the recognition of its technology, that the installation of its technology in various airports will bring a new level of safety and reliability to airport ground operations across China and the potential for the technology, in combination with SUNWAY’s, has potential for further deployment in additional applications and markets in China. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.

The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites.

Arvato Supply Chain Solutions expands to Australia / New location in Sydney expands Arvato’s global network

GUETERSLOH/SYDNEY – Newsaktuell – 17 November 2022 – Arvato Supply Chain Solutions opens its first warehouse in Australia. The new site in Villawood, the Greater Sydney area, has a 4,000-square-meter warehouse area and a capacity of more than 3,000 pallet spaces. The state-of-the-art new building is setup to meet the highest Tapa A security level and serves as a multi-client center for our customers.

The location was set up in 3 months due to the joint efforts of the team. Copyright: Arvato Supply Chain Solutions

The location was set up in 3 months due to the joint efforts of the team.
Copyright: Arvato Supply Chain Solutions

“The new warehouse near Sydney demonstrates our truly global footprint,” says Frank Schirrmeister, CEO of Arvato Supply Chain Solutions. “With locations across five continents, we can offer our customers one-stop services worldwide – with on-site local experts and a global IT system that serves as reliable data backbone for our customized supply chain solutions.” The opening of the new site is a part of the company’s global growth strategy. Over the past six years, Arvato’s international warehouse space has increased by 76%. The e-commerce and supply chain service provider is now represented in a total of fourteen locations in the Asia-Pacific (APAC) economic region, including mainland China, Hong Kong, Singapore, and Japan distribution centers.

“Over the past five years, we have continuously expanded our presence and customer base in the APAC countries. Now we are proud to announce the opening of our first warehouse in Australia,” explains Raoul Kuetemeier, Head of Asia at Arvato Supply Chain Solutions. “The new location, where we will serve three of our leading global customers with B2B and B2C distribution, is the starting point for our further expansion in Australia and the Asia-Pacific region.” The logistics services Arvato provides for its customers in Villawood include warehousing, order picking and transportation management, direct distribution to retailers and end users, IOR/EOR processing for seamless customs clearance and trade compliance, computer flashing, software installation, bundling and other value-added services.

The new warehouse also offers the best conditions for fast distribution of products. Due to its location in the industrial suburb of Villawood in Central Western Sydney, it is very well connected to the transportation system. The Sydney business district, Sydney Airport and Port Botany are all within a radius of about 30 kilometers. There are five freeway entrances within a ten-kilometer radius that connect to the national highway network in all major directions. The new distribution center also scores highly in terms of sustainability. A photovoltaic has been installed on the roof to generate renewable energy. All warehouse and office spaces are equipped with LED lighting with motion and daylight sensors, and all windows are double-glazed to improve thermal performance and reduce energy consumption for heating and cooling. Andreas Barth, President Industry Vertical Tech and Group Head of Corporate Responsibility & Sustainability at Arvato Supply Chain Solutions, adds: “Arvato’s corporate goal is to be climate neutral by 2030. With the new hall in Villawood, which is designed to be environmentally friendly, we are making an important contribution to achieving this goal.”

For more information, please visit www.arvato-supply-chain.com.

Hashtag: #Arvato

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

VinFast celebrates Canadian launch with opening of first store at Yorkdale Shopping Center

TORONTO, CANADA Media OutReach – 16 November 2022 – VinFast officially opened its first Canadian store at Yorkdale Shopping Centre in Toronto, Ontario. The flagship location is part of the company’s rollout in Canada, with seven more stores set to open before year end, including two locations at CF Carrefour Laval in Quebec, and Park Royal Shopping Centre in Vancouver, British Columbia.


The VinFast Store network in Canada is part of VinFast’s go-to-market strategy, in which eight retail and service centers opening in 2022 will be the first in a network of locations to build personalized relationships with Canadian customers, ensuring reliability, convenience and peace of mind throughout the process of purchasing and owning their VinFast vehicles.

Designed to convey the “Future of Mobility” theme, VinFast Yorkdale is created with futuristic and minimalist design languages, advanced technology, interactive consumer experience. The spacious in-store ambience blends modern finishes sourced from local Canadian producers with design elements inspired by the beauty of Vietnam’s natural wonders to provide customers with a seamless experience.

With a prime location, customers can access VinFast Yorkdale with ease to explore the interior and exterior details of VinFast’s electric SUVs – the VF 8 and VF 9, while experiencing the advanced technologies and engaging one-on-one with VinFast product experts. At VinFast Yorkdale, visitors will also be able to test drive the VF 8 and viewvehicle features on a large LED screen – an exclusive for VinFast, globally.

Mr. Huynh Du An, CEO of VinFast Canada shared: “The opening of the first store in Canada marks the next milestone in VinFast’s global expansion journey. Our network of stores will be key in interacting with our customers, ensuring quality service, and strong relationships in Canada on our journey towards a sustainable future.

Customers can visit VinFast Yorkdale at 3401 Dufferin St, Toronto, ON M6A 2T9 and reserve the VF 8 and VF 9 on VinFastAuto.ca, as well as stay up to date on future VinFast events and the upcoming store openings:

  • VinFast Carrefour: CF Carrefour Laval, 3003 Boul. le Carrefour, Laval, QC H7T 1C7
  • VinFast Park Royal: Park Royal Shopping Centre, 2002 Park Royal S, West Vancouver, BC V7T 2W4

Hashtag: #Vingroup #VinFast

About VinFast

VinFast – a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90% automation in Hai Phong, Vietnam.

Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: .

About Vingroup

Established in 1993, Vingroup is one of the leading private conglomerates in Asia, with a total capitalization of approximately $35 billion USD from three publicly traded companies. Vingroup currently focuses on three main areas: Technology and Industry, Services, and Social Enterprise. Find out more at: .

Sir Nick Faldo: Silk Path Dong Trieu has the potential to become the best golf course in Vietnam

HANOI, VIETNAM – Media OutReach – 16 November 2022 – On November 8, world golf legend Sir Nick Faldo and the Faldo Design team spent a day at the Silk Path Dong Trieu golf course site.

A construction review is carried out at the project site by Sir Nick Faldo and the Faldo Design team.

A construction review is carried out at the project site by Sir Nick Faldo and the Faldo Design team.


During the visit to the site, Sir Nick Faldo personally reviewed and evaluated each hole under construction and made adjustments on details of his design work to produce a final golf course that is not only visually stunning but also loaded with challenges for golfers of all abilities.

At an intimate gathering later that day in Hanoi between Sir Nick Faldo and Silk Path’s senior management and project team, he declared: “I really enjoyed my first site visit to Dong Trieu and am very happy with the golf course progress. We have many great golf holes with interesting features including rock, elevation changes, pine trees, streams, lakes and mountain views. Silk Path Dong Trieu has the potential to become the best golf course in Vietnam and I look forward to seeing the construction progress on my next design visit in 2023.”

Sir Nick Faldo and project team reviews the par-4 18th hole at Dong Trieu site.

Sir Nick Faldo and project team reviews the par-4 18th hole at Dong Trieu site.

In addition to being funded and developed by Silk Path Group, a company with extensive knowledge of the luxury resort and five-star hotel industries, the Dong Trieu golf course project also receives advice and oversight from Everygolf Vietnam Joint Stock Company.

With a development area of more than 130 hectares and an investment of more than USD60 million, the project satisfies all requirements for holding future international golf tournaments.

Bui To Minh, Chairman of Silk Path Group, spoke at the event

Bui To Minh, Chairman of Silk Path Group, spoke at the event

“This is a crucial project for the company in 2022 because it will help to further the promotion of the Silk Path brand and draw in a variety of tourists, including those from markets like South Korea, Australia, USA, and Europe, in addition to domestic tourists,” said Mr. Bui To Minh.

The project’s elements are, specifically, Sir Nick Faldo Signature courses of 18 holes championship length and one 9-hole course of shorter holes integrated with a golf instruction academy. Accommodation and top-notch entertainment amenities, and 5-star-quality services are also included in the Silk Path branded resort environment.

Nguyen The Dai, Deputy General Director of Silk Path Golf cum Chairman of Everygolf Vietnam meets with Sir Nick Faldo and Faldo Design team.

Nguyen The Dai, Deputy General Director of Silk Path Golf cum Chairman of Everygolf Vietnam meets with Sir Nick Faldo and Faldo Design team.

Along with emphasising the design sector, Silk Path Group has been making significant investments in the development of human resources with a team of domestic and international professionals, combining modern equipment to bring professional and top-notch golf course products and services to Vietnam and the region.

Silk Path Dong Trieu project, which is scheduled to be finished at the start of Quarter 4 in 2023, aims to redefine the golf experience for golf enthusiasts around the world while also becoming a benchmark for high-end golf courses in Vietnam.

*About world golf legend Sir Nick Faldo:

Sir Nick Faldo won 6 majors (3 Masters & 3 Open Championships), 41 tournaments worldwide and was ranked #1 in the world for a total of 97 weeks. Sir Nick was knighted by the late Queen Elizabeth II in 2009 for his distinguished career and contributions to golf. He currently owns and heads up Faldo Design, one of the world’s leading golf course design companies which have designed highly acclaimed golf courses throughout the world.

Hashtag: #Everygolf

Third.i announce Hong Kong exhibition and launch of private luxury homes in London

LONDON, UK – Media OutReach – 16 November 2022 – Australian property developer, Third.i, has announced it’s launching and exhibiting a brand new luxury mixed use residential and co-working scheme in Vauxhall, Central London, at the Mandarin Oriental Hotel Hong Kong this week – Graphite Square.

Buyers will be able to view scale models and architectural models, as well as meet key individuals from Third.i to find out how Graphite Square makes many improvements to the public area, how Vauxhall has become one of the best London suburbs to invest in real-estate due to an extensive local area transformation, and how Third.i are helping to meet increased demand for rental homes with designated office space following Covid-19 lockdowns where tenants experienced first-hand the benefits of being able to work from home.

The £280million GDV development will offer 110 one to three-bed private new homes, over 80,000sq ft of co-working space and architecturally landscaped communal gardens with fire pits and children’s play areas, plus elements to enhance biodiversity.

The contemporary interiors will evoke timeless stylish design throughout to include muted colour palettes, airy open plan living spaces, floor to ceiling doors affording fine views of the London skyline and grand entrance lobbies featuring ceiling sculptures – all taking a nod to the area’s industrial past with a sophisticated blend of brick, steel, glass and plants.

Vauxhall itself occupies a prime spot in London, and due to a substantial transformation programme, it’s being rejuvenated with new residents and commercial space. As a result, the neighbourhood has become more vibrant and a very attractive place to live. Retail, leisure and office space is at the heart, as is improved connectivity with new train stations expected to increase tube and train passengers to 61million by 2035, green spaces, public realm spaces and the building of multiple high-end homes. There’s no compromising when it comes to a London education either, with Vauxhall ideally placed for top universities. This activity has helped fuel demand for Graphite Square, with 40% of sales so far being to buy-to-let investors, 30% to international buyers sending their children to a London university and 30% to expats.

Luke Berry, Founder at Third.i commented: “Graphite Square is the perfect embodiment of our belief in creating better places to live, work and play. Despite Brexit and Covid-19, Vauxhall is set to be the hottest destination for international investors. The neighbourhood is the ideal destination for people’s changing lifestyles, especially for London tenants looking for more flexible ways of living and working. We are very much looking forward to launching Tower B, our premier building, in Hong Kong, and talking with potential buyers about the appeal of our homes as well as investing in Vauxhall itself, which is in the middle of one of central London’s largest regeneration projects.”

Third.i is launching Graphite Square at the Alexandra Room, Mandarin Oriental Hotel, Hong Kong on 19th and 20th November 2022 from 11am to 6pm.

Hashtag: #Third.i

25 Limited Edition Timepieces for World Leaders at ASEAN and Related Summits

PHNOM PENH, CAMBODIA – Media OutReach – 16 November 2022 – The Kingdom of Cambodia, as chairman and the host country of the 40th and 41st ASEAN and Related Summits, has commissioned and presented 25 limited edition timepieces as gifts to world leaders who attended the Summits.

time1.jpg

The champagne dial emblazoned with “ASEAN CAMBODIA 2022” features a sunken sub-second at 6 o’clock, embellished with the Lotus flower design.

Specially designed and assembled by the Prince Horology Vocational Training Center in Cambodia, the ASEAN Lotus Tourbillion watches underscore ASEAN’s spirit of togetherness, not only as a timeless feature of its unity but also as an enduring strength that ASEAN member countries and its dialogue partners can rely on upon through tough times and formidable challenges. The 25 timepieces are therefore an apt memento of the 2022 ASEAN and Related Summits, whose theme under Cambodia’s ASEAN Chairmanship is “ASEAN A.C.T.: Addressing Challenges Together”.

Each timepiece comes in a 43.5mm steel case with an exhibition back, and sapphire crystals situated on the front at the back.

Each timepiece comes in a 43.5mm steel case with an exhibition back, and sapphire crystals situated on the front at the back.

“Cambodia’s ASEAN Chairmanship year is one marked by collaboration alongside ASEAN countries, the external partners and its international development institutions, helmed by the stewardship of Prime Minister Samdech Techo Hun Sen. These highly specialized and delicate timepieces were designed to be enjoyed as wearable and stylish pieces of art, serving as a beautiful memory of the ASEAN 2022 Summit,” said H.E. Mr. LUY David, Head of the National Secretariat for the Preparation of ASEAN 2022.

Cambodia commissioned and presented 25 limited edition timepieces as gifts to world leaders who attended the 40th and 41st ASEAN and Related Summits.

Cambodia commissioned and presented 25 limited edition timepieces as gifts to world leaders who attended the 40th and 41st ASEAN and Related Summits.

“The primary focus of Prince Horology, which is responsible for producing the limited-edition timepieces, is training skilled professionals and creating new career pathways for aspiring Cambodians who have the aptitude and interest in precision watch-making,” said Sack-Man Loui, Executive Principal of Prince Horology.

Cambodia commissioned and presented 25 limited edition timepieces as gifts to world leaders who attended the 40th and 41st ASEAN and Related Summits.

Cambodia commissioned and presented 25 limited edition timepieces as gifts to world leaders who attended the 40th and 41st ASEAN and Related Summits.

Prince Horology is a key human capital development initiative of Neak Oknha Chen Zhi, Chairman of Prince Holding Group, to provide a niche watch-making skill in Cambodia offering a rigorous 3’400 hours program in micro-mechanics and watchmaking subjects taught at international standards. Recently, 6 talented Cambodians graduated from the two-year training program under full scholarship and with the guidance of Swiss-trained instructors at the school. The next batch of Prince Horology students will commence their training in January 2023.

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Prince Horology is a key human capital development initiative of Neak Oknha Chen Zhi, Chairman of Prince Holding Group, to provide an international standard watch-making skill in Cambodia.

tme6.jpg

Prince Horology is a key human capital development initiative of Neak Oknha Chen Zhi, Chairman of Prince Holding Group, to provide an international standard watch-making skill in Cambodia.

ASEAN Lotus Tourbillion Watch Factsheet

The dial design was inspired by the lotus flower symbol from Cambodia’s ASEAN Chairmanship logo which was chosen to represent purity and strength.

With ASEAN centrality as a theme, the meticulous placement of the 10 petals embodies the spirit and joint efforts of 10 ASEAN nations bound together by friendship and solidarity with a common overarching goal of overcoming all challenges to ensure the inclusive and sustainable development of the ASEAN Community.

Each timepiece comes in a 43.5mm steel case with an exhibition back, and sapphire crystals situated on the front at the back. The champagne dial, with gold-plated indexes features a sunken sub-seconds at 6 o’clock, embellished with the Lotus flower design.

The ASEAN Lotus Tourbillon is a manual wind mechanical movement featuring a 60 seconds tourbillion. It has a power reserve of 48 hours and operates at a frequency of 3 Hz. A traditional, elegant and reliable timekeeper for the wearer.

About Prince Foundation

Prince Foundation, founded in 2015, is one of Cambodia’s leading philanthropic foundations. A member of Prince Holding Group, which is one of the largest business groups in Cambodia, the Foundation aims to work with local communities to build thriving living and working environments that elevate people’s well-being and livelihoods following the vision: “Together, Building a Better Future for Cambodia”.

Focusing on education and youth development, healthcare, and community engagement initiatives, Prince Foundation works with partners to deliver sustainable programs that enhance opportunities for Cambodia’s youths, build resilience in communities and contributes to sustainable infrastructure.

The Foundation’s flagship projects are the Chen Zhi Scholarship, offering full scholarships, stipends, internship and work opportunities to 400 Cambodian university students over a period of seven years, and Prince Horology, where aspiring Cambodian watchmakers learn the art of Swiss-style watchmaking in a state-of-the-art facility. Prince Foundation has launched more than 250 philanthropic initiatives, benefiting over 500,000 people, with donations exceeding US$14 million.

Donation Request in Support of Vientiane Athletes Draws Public Ire

A shooting event held in Vientiane Capital on Monday to kickstart the National Games | Lao National Radio
A shooting event held in Vientiane Capital on Monday to kickstart the National Games (Photo: Lao National Radio).

Residents in Vientiane Capital have expressed their dissatisfaction with a request for donations from members of society in support of athletes representing the city at the National Games next month.