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DHL names new Head for its Asia Pacific Innovation Center

  • Lau Tian Chen appointed as Vice President, Head of DHL Asia Pacific Innovation Center
  • Brings over twenty years of business development expertise in DHL, having previous roles at DHL Express, DHL Global Forwarding and DHL Customer Solutions & Innovation

SINGAPORE – Media OutReach – 1 April 2022 – DHL, the world’s leading logistics provider, names Lau Tian Chen as the new Head of its Asia Pacific Innovation Center (APIC) in Singapore. The first dedicated center for innovative logistics services in Asia Pacific and one of four DHL innovation centers globally, APIC is a collaborative platform for customers, partners and other innovative thinkers regarding emerging logistics-related technologies, showcasing the latest innovations to reinvent supply chains.

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Lau Tian Chen, Vice President, Head of Asia Pacific Innovation Center Singapore.

“The world is moving at an unprecedented rate of digital transformation, with Asia Pacific at its forefront. By 2023, IDC predicts that one in three companies in Asia Pacific will generate more than 30% of their revenues from digital products and services,” said Matthias Heutger, Global Head of Innovation and Commercial Development at DHL. “Digitalization is key to the future success of businesses. We strive to propagate new technological solutions through our innovation centers and collaborate with customers, partners and thought leaders to solve complex logistics challenges and create long-term value for businesses. I believe Tian Chen’s experience, commercial focus and his devotion to mentoring colleagues will be invaluable to the APIC team.”

With over two decades of experience driving business growth in various business units in DHL, Lau has proven to be a high-performing and adaptable leader. His most recent role is Vice President, Head of Business Development at the DHL Asia Pacific Innovation Center. Chen’s career began at DHL Express Malaysia in 2002, before moving to DHL Global Forwarding as Head of Business Development in 2006, and subsequently promoted to Head of Commercial in 2008. In 2010, he was one of the Fast Growing Enterprise founding members, with his last held role as Vice President, Business Development, SEA. Thereafter, he headed up the Global Center of Excellence in Iskandar, Malaysia.

“It is an exciting time to deep dive into emerging logistics trends and engage industry partners to advance innovation in the region. We aim to simply tech buzz words like IoT, digital twin, big data, and blockchain and utilize it to develop commercially viable solutions that can help businesses solve real problems and to impact lives of their customers,” said Lau Tian Chen, Vice President, Head of DHL Asia Pacific Innovation Center, DHL Customer Solutions & Innovation. “What drives me at work every day is the talented team at APIC and the possibilities they bring to solve problems of today and the future with technology. I look forward to further deepening collaboration with my colleagues across the DHL family, and forming stronger bonds with innovation partners in the public and private sectors.”

Established in 2015, APIC in Singapore is DHL’s only innovation center in the Asia Pacific region. It hosts a selection of exhibits on key technologies that shape the logistics industry in the future, alongside proof of concepts successfully implemented in DHL’s and customers’ operations. The center also drives research initiatives focusing on emerging logistics trends and offers tours and workshops to ideate and share learnings for customers and partners. DHL has three other innovation centers in Troisdorf, Germany; Chicago, USA; and Dubai, UAE.

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 380,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 81 billion euros in 2021. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve zero-emissions logistics by 2050.

#DHL

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

Sports fans in Indonesia can now enjoy the world’s most popular sporting events at their fingertips with the launch of SPOTV NOW

JAKARTA, INDONESIA – Media OutReach – 1 April 2022 – Leading regional sports network SPOTV today announced the launch of mobile app, SPOTV NOW – bringing the world’s biggest and most popular sporting events closer to sports fans in Indonesia. This comes hot on the heels of the app launch in Malaysia, Singapore, Hong Kong and the Philippines last month.

SPOTV NOW streams, both live and on demand, world-class events shown on the sports network’s regional pay-TV linear channels, SPOTV and SPOTV2.

Sports fans in Indonesia can catch top riders like Marc Márquez, Fabio Quartararo, local Moto3 rider Mario Aji battle it out for victory in the adrenaline-charged MotoGPTM and WorldSBK World Championships, the astonishing shots of local badminton stars Kevin Sanjaya Sukamuljo and Marcus Fernaldi Gideon in the BWF World Tour & Major Events, as well as standout moments of sporting heroes in tennis Grand Slams – Wimbledon and US Open Tennis Championships, among other prestigious events.

Mr Lee Choong Khay (CK), CEO of SPOTV, said, “We are very excited to bring premium content from some of the world’s most popular sporting events, right to the fingertips of sports fans in Indonesia . With the recent launch of SPOTV NOW in Malaysia, Singapore, Hong Kong and the Philippines, we now welcome Indonesia sports fans to the SPOTV NOW family. Indonesia sports fans will get to pick and choose what they like to watch. It also delivers the front-row-seat experience of watching their favourite sporting events, teams and heroes, whenever they want, wherever they are. Through the mobile app, we aim to delight sports fans in Indonesia with the electrifying experience of watching a big game and at the same time, provide an avenue for them to relive some of the exhilarating moments in sports with our on-demand features. In the months to come, subscribers will get to enjoy exclusive content that is only available via SPOTV NOW.”

First launched in South Korea in 2017, SPOTV NOW has risen to become the country’s top sports OTT platform. The popular app was also recently launched in Japan.

CK added, “Through our growing presence in Indonesia, first with our sports network SPOTV which was launched last year, and now the mobile app, we hope to bring the sports fever in the country, particularly in popular sports such as motorsport and badminton, to a whole new level. Our strategy is to bring more localised and relevant content to our subscribers in each market, drawing them closer to their unique sports culture, and strengthening the bond among sports fans. In the near future, we will bring SPOTV NOW to Thailand.”

SPOTV NOW can be downloaded from Google Play Store or App Store.

Sporting Events* on SPOTV and SPOTV2
FIM MotoGP™ MotoGP World Championships

FIM World Superbike Championships

World Badminton Federation Tour & Major Events

World Table Tennis events

Korean Baseball League

V.League Japan (Volleyball)

FIA Formula E

All year round
The Masters (Golf) April 2022
Wimbledon June 2022
The Open Championships (Golf) July 2022
US Open (Tennis) August 2022

*Line up subject to change.

About SPOTV

A subsidiary of South Korea-based Eclat Media Group, SPOTV is headquartered in Singapore. Established in October 2021, SPOTV owns two regional pay-TV channels, SPOTV and SPOTV2, which are broadcast across multiple Southeast Asia and select East Asia territories such as Indonesia (First Media, MNC Vision, K-Vision, UseeTV, MAXstream), Malaysia (Astro, Unifi TV), the Philippines (Skycable), Singapore (Singtel TV, StarHub TV), Thailand (True Visions), Macau (Macau Cable TV) and Mongolia (Univision).

The two channels broadcast content such as tennis Grand Slam tournaments Wimbledon and US Open, motorsport championships MotoGPTM and WorldSBK, World Table Tennis and Badminton World Federation events, as well as popular Asian sports including the Korean Baseball Organization (KBO) League, Korean Basketball League (KBL), and V.League Japan (Volleyball) competition.

The app, SPOTV NOW, is available in South Korea, Japan, Hong Kong, Malaysia, the Philippines, Singapore and Indonesia.

SPOTV seeks to be an inclusive and dynamic platform that deeply engages the Asian sports fans.

#SPOTV

Laos Karate Athletes Win Two Medals at Southeast Asian Championships

Lao karate athletes at tournament in Cambodia

Karate athletes from Laos took home two medals at the 9th Southeast Asian Karate Championship 2022 held in Cambodia.

Rare Mammals Spotted in Annamite Mountains between Laos and Vietnam

Leibniz-IZW / WWF-Vietnam CarBi Project / Hue Saola Nature Reserve
Annamite striped rabbit (Photo: Leibniz-IZW / WWF-Vietnam CarBi Project / Hue Saola Nature Reserve)

The rare Annamite striped rabbit and Annamite dark muntjac have been spotted on camera, according to a new report.

GEODIS announces agreement to acquire Keppel Logistics – boosts its Contract Logistics footprint in Asia-Pacific

SINGAPORE – Media OutReach – 31 March 2022 – GEODIS, a global leader in the transport and logistics sector, today announced that it has signed a binding agreement to acquire Keppel Logistics. The project will significantly increase GEODIS’ Contract Logistics footprint and eCommerce fulfillment services in Singapore and Southeast Asia.

Marie-Christine Lombard, Chief Executive Officer of GEODIS, commented: “The acquisition of Keppel Logistics will mark a key milestone in GEODIS’ Asia-Pacific ambitions. Keppel Logistics is a well-established regional player, with a strong focus on innovation. Through this acquisition which will combine GEODIS’ worldwide leadership with Keppel Logistics’ robust local footprint, we believe we can create great value for our customers, facilitating their growth, particularly in the eCommerce Asian market”.

Based in Singapore, Keppel Logistics is a Contract Logistics specialist with close to 500 employees. Active throughout Southeast Asia, Keppel Logistics (ranked in the top 5 contract logistics players in Singapore) owns over 200,000m2 of warehouse space in Singapore, Malaysia and Australia. The company offers end-to-end B2B and B2C logistics solutions, from warehousing to last mile delivery, with strong skills in eCommerce omnichannel service offerings thanks to its fast-growing UrbanFox platform.

This project is a significant step along GEODIS’ strategic roadmap for the Asia Pacific region, where GEODIS currently employs 3,700 people spread over 76 sites. The acquisition will reinforce GEODIS as a leading logistics service provider, further expanding its footprint by adding to recent investments in contract logistics sites in India, South Korea and Australia.

Onno Boots, President and CEO of GEODIS Asia-Pacific said: “As one of the leading logistics providers, we are continuously looking for ways to evolve the region’s supply chain and our clients’ eCommerce ecosystem. The acquisition will strengthen our contract logistics and digital omnichannel capabilities, elevate our end-to-end logistics solutions and bring greater value to customers across the region. By enhancing our eCommerce services, we will provide brands with the ability to scale their online presence seamlessly and effectively navigate supply chain challenges to accelerate their growth in this region”.

Thomas Pang, CEO of Keppel Telecommunications & Transportation added, “For over 50 years, Keppel Logistics has been providing customised integrated logistics in Singapore. We believe the integration of Keppel Logistics as part of GEODIS will help accelerate Keppel Logistics’ growth, allowing it to scale up and provide even better value propositions to both its customers and internal stakeholders”.

The acquisition is subject to regulatory review and approvals, which are expected to be obtained by end of Q2 2022. Both companies will operate as independent businesses and run their operations as usual until that time.

GEODIS – www.geodis.com

GEODIS is a top-rated, global supply chain operator recognized for its commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport), coupled with the company’s truly global reach thanks to a global network spanning nearly 170 countries, is reflected by its top business rankings: no. 1 in France and no. 7 worldwide. In 2021, GEODIS employed over 46,000 people globally and generated €10.9 billion in revenue.

#GEODIS

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

Stewardship Asia Centre Launches New Edition of Singapore Stewardship Principles for Responsible Investors

The enhanced principles were based on feedback from industry participants and stressed the importance of stewardship outcomes.

SINGAPORE – Media OutReach – 31 March 2022 – Stewardship Asia Centre (SAC) today released the second edition of the Singapore Stewardship Principles (SSP) for Responsible Investors, updating practices to enhance Singapore’s investment environment.

The revisions were driven by a 10-member steering committee, supported by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX).

Singapore first introduced the principles in 2016, outlining practices related to the core behaviour and actions associated with stewardship to promote active and responsible investment. Since then, capital markets have undergone profound developments as global concerns intensified over the impact of financial investments on the economy, society and the environment. Stakeholders emphasised that investors should become better stewards by demonstrating a genuine intent to deliver sustainable performance and long-term value to clients and beneficiaries, as well as to factor in environmental, social and governance (ESG) considerations. The steering committee took into account the global market developments in shaping the principles. An industry survey was conducted in March 2021 to garner feedback from the asset management industry on their perspective of investment stewardship. This was followed by an open consultation to obtain stakeholders’ feedback on the draft of the updated SSP in November 2021.

“We received feedback from more than 20 stakeholders. These recommendations were taken into consideration to enhance the principles in the areas of internal structures and governance, stewardship beyond listed companies, and ESG considerations. We urge the financial services and investment industry to adopt the updated SSP and make a greater commitment towards responsible investment,” said Rajeev Peshawaria, CEO of SAC.

An as industry-led initiative, compliance to the principles remains voluntary. However, under the enhanced SSP, signatories are strongly encouraged to submit evidence of their stewardship efforts annually to the secretariat of the steering committee.

Abigail Ng, Executive Director and Head of Markets Policy and Infrastructure Department of MAS, said: “MAS is supportive of SAC and the industry’s collective efforts in updating the Singapore Stewardship Principles. Effective stewardship calls for a multi-stakeholder approach by market participants including asset owners, asset managers and service providers. Responsible investment stewardship can help raise corporate governance standards, drive positive change and create sustainable long-term value for all stakeholders – not just for the individual company or investor, but also for the wider economy, environment and society. This is in line with MAS’ efforts to promote sustainable financing in our financial sector. We strongly encourage market participants to become signatories of the SSP and to co-create sustainable business value in an environment of good governance.”

“SGX supports the updated Singapore Stewardship Principles for Responsible Investors. Institutional investors, through their investment strategies, play an important role in the allocation of capital to companies. Institutional investors can shape the practices of their portfolio companies through active stewardship and their investment decisions. This is especially pertinent with the market’s increased focus on ESG considerations and outcomes. With institutional investors engaging actively with companies, I hope SGX-listed companies will be more motivated towards creating and sustaining long term value,” said Tan Boon Gin, CEO of Singapore Exchange Regulation.

Industry participants, including asset managers and asset owners, welcome and support the updated principles.

Amar Gill, Head of Investment Stewardship for APAC, BlackRock, said: “The updated SSP and its enhanced rigour reflecting international developments and local trends in stewardship and corporate governance are welcome steps towards creating a positive investment ecosystem in Singapore. Its guidance will help managers like us and companies themselves protect and advance the economic interests of long-term investors like our clients.”

Sherene Ban, CEO of Singapore and Southeast Asia of J.P. Morgan Asset Management (JPMAM), said: “Active ownership is woven into our active management heritage and we constantly evolve our sustainable investing approach to keep pace with the changing requirements of our clients and regulators. The renewed principles, including monitoring investments regularly, staying active through constructive and purposeful engagement, and taking a collaborative approach in exercising stewardship responsibilities, are in line with JPMAM’s approach to stewardship and engagement.”

Prudential Singapore’s CEO Dennis Tan said: “In the drive for sustainability, every voice matters. We are proud to be an SSP signatory as its principles are aligned with our approach to responsible investment. Through active engagement with companies in our investment portfolio, we aim to achieve our net-zero target by 2050. We look forward to working collectively to further our commitment to creating a stronger, healthier future for all.”

Manish Tibrewal, CEO of Maitri Asset Management, a multi-family office, said: “Given the complexities of managing ESG issues, regular communication and collaboration form a key part of how we engage with our portfolio companies. At Maitri, we constantly align ourselves with industry-leading standards to engage with our portfolio companies. This has enabled us to exchange knowledge and further hone our ESG expertise in a transparent manner so both investor and investee are constantly ahead of the curve when it comes to adapting to the latest ESG trends.”

For more information about the updated principles, also known as SSP 2.0, please click here or visit http://www.stewardshipasia.com.sg/sites/default/files/2022-03/SSP_For%20Responsible%20Investor%202.0.pdf.

Notes to Editors:

Steering Committee of SSP 2.0:

Members Stewardship Asia Centre (Chair and Secretariat)

Association of Chartered Certified Accountants

Asia Pacific Real Assets Association Ltd.

CFA Society Singapore

CPA Australia

Investment Management Association of Singapore

Institute of Singapore Chartered Accountants

Securities Investors Association (Singapore)

Singapore Institute of Directors

Singapore Venture Capital and Private Equity Association

Supported by Monetary Authority of Singapore

Singapore Exchange

About Stewardship Asia Centre (SAC)

SAC is a non-profit organisation established by Temasek, dedicated to helping business and government leaders, investors and individuals activate stewardship practices through research, executive education and engagement. We define stewardship as creating value by integrating the needs of stakeholders, society, future generations and the environment.

#StewardshipAsiaCentre #SAC

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

Experience a vibrant world of color with the OPPO Find X5 Pro Billion Colour Bionic Display

SHENZHEN, CHINA – Media OutReach – 31 March 2022 – The OPPO Find X5 Pro has the most advanced display ever seen in an OPPO phone: The 1 Billion Colour Bionic Display. It uses a 120Hz Adaptive Dynamic Refresh Rate and 1000Hz instantaneous touch sampling rate panel with multi-point calibration, 8192-level bionic dimming and support for HDR10+, among other highlights. In this generation of the Find series, OPPO has taken a renewed focus not just on display quality, but how the eyes see.

Its 6.7-inch ultra-clear AMOLED curved screen is matched with ultra-tough contoured Gorilla Glass Victus protection for flagship-grade drop and scratch resistance.

The curve catches the light, a charming visual effect in itself, but also helps OPPO achieve a superb 92.7% screen to body ratio. This maximizes the canvas for users’ favorite apps, games and photos, relative to the size of the phone.

The world in color

The-OPPO-one.jpg
The OPPO Find X5 Pro displays more than 1 billion colors

The OPPO Find X5 Pro 1 Billion Colour AMOLED display is capable of rendering 100% of the colors in the DCI P3 gamut, the standard used by Hollywood colourists to perfect movies for big-screen reproduction. Careful calibration is key here, though. The Find X5 Pro has received one of the highest accolades available to phones as a result, a DisplayMate A+ rating.

The OPPO Find X5 Pro advanced color engine will also adapt the array of colors used to match the content. While users are editing the holiday photos, rest assured the bright tones of tropical flowers and deep oranges, reds and umbers of an ocean sunset are not simply flattered by the OPPO Find X5 Pro’s rich display. Such memories are made for sharing with others.

Accuracy in all places

New for this generation of Find phones, the OPPO Find X5 Pro also offers Multi-Brightness Colour Calibration. Most phones, even those with excellent-quality displays, are made to look their best at a specific brightness level. OPPO’s Find X5 Pro is tuned for peak performance at the display power used both indoors and outdoors. Perfect display calibration is like a fragile ornament, broken by changes in multiple factors, but OPPO adjusts to compensate for them all.

However, color tone is not always the most important factor in a phone display. Brightness matters more if the users are out at a picnic with friends and want to video call another who couldn’t make it. Or if the user wants to compose a picture of a sun-baked beach while on holiday. The OPPO Find X5 Pro’s screen panel provides peak brightness of a searing 1300 nits, enough to cut through the most dazzling sunny days.

Such versatility is just as important at the other extreme. In a dark room our pupils constrict, making even a dim phone screen seem ultra-bright, even painful. The OPPO Find X5 Pro can simmer all the way down to 20 nits of brightness, so everyone can read articles or watch videos under the covers in comfort.

In addition, OPPO Find X5 Pro’s blue light filter reduces the amount of blue light emitted from the screen, which can affect the sleeping patterns.

It’s a screen made for all occasions. But fidelity plays a part here too. The OPPO Find X5 Pro’s Auto Brightness mode can tune the display to 8192-level bionic dimming levels.

The OPPO Find X5 Pro’s brightness scaling mirrors the way the eyes and brains function, with 12 scaling modes. These gears of modulation alter the rate at which display power changes depending on its current level. The end result is it appears smooth, consistent and pleasantly gradual to the eyes in all conditions.

Life at high frame rates

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The OPPO Find X5 Pro’s adaptive refresh rate automatically adjusts between 1-120Hz

The OPPO Find X5 Pro’s 120Hz Adaptive Dynamic Refresh Rate further enhances the smoothness provided by the fine-grain brightness control and self-calibrating color enhancement. It lets Android apps display at twice the usual frame rate, making menus glide with such grace the term “scroll” no longer seems to do them justice.

The Find X series has had a 120Hz Adaptive Dynamic Refresh Rate since the OPPO Find X2 Pro, but the Find X5 Pro can scale its refresh rate more dramatically than ever before. It can drop as low as 1Hz for static content, refreshing pixels just once a second, use 60Hz for apps that don’t support 120Hz, and the full rate for ultra-smooth scrolling in others.

A low refresh rate reduces power consumption, letting users to spend more time enjoying the power of the Snapdragon 8 Gen 1 processor in the latest games before needing to give the 5000mAh battery a turbo 80W SuperVOOC Flash Charge and 50W AirVOOC Wireless Flash Charge to top-up, or spend longer relaxing with an HDR movie.

The OPPO Find X5 Pro supports HDR10+ video as standard, and even if the favorite is not available in HDR, the advanced video engine can upscale it to HDR.

The display makes composing photos easier outdoors, is a great way to watch movies on-the-go, and can adapt to the users’ needs in almost every situation. Setting new standards for smartphones, there’s something everyone can appreciate in the OPPO Find X5 Pro screen.

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

JY Grandmark Announces 2021 Unaudited Annual Results

Prominent Advantage of “Eco-friendly and People-oriented Property”

Contracted Sales and Contracted ASP Grow against the Market Trend

Adhere to the “Three Red Lines”

Diversified Business Strategies Demonstrate Resilience

HONG KONG SAR – Media OutReach – 31 March 2022 – JY Grandmark Holdings Limited (“JY Grandmark” or the “Company”; together with its subsidiaries, the “Group”, stock code: 2231), a property developer, operator and property management service provider based in the People’s Republic of China, is pleased to announce its unaudited annual results for the year ended 31 December 2021 (the “Year”).

JY Grandmark positions itself as an “Eco-friendly and People-oriented Property Developer” and acquired land reserves in strategic locations with abundant natural resources, rich culture and potential for growth. The Group takes into account the natural and cultural resources of its project site in the design of properties to develop homes and communities that the Group considers to be truly liveable for buyers. This accurate positioning differentiates the Group from other property developers in the PRC.

During the Year, the Group’s annual contracted sales amounted to approximately RMB4,216.0 million, representing a year-on-year growth of 19.7% as compared to RMB3,523.6 million in 2020. The contracted average selling price (“ASP”) increased by approximately 25.8% year-on-year to RMB12,631 per sq.m. in 2021. The total contracted sales GFA was approximately 334,000 sq.m.. The recognised revenue during the Year was RMB2,043.1 million. Profit attributable to shareholders of the Group was RMB216.4 million.

Focus on the “Traffic-Oriented” Urban Property Sector, Impressive Sales Driven by New Projects

During the Year, the Group’s property business was restructured to continue its established strengths in home upgrading and vacation property sectors, while focusing on the expansion of the “traffic-oriented” urban property sector, which improved the comprehensive benefits of the Group.

As to urban property, the Group launched three new projects throughout the Year in two hotspot cities, namely Zengcheng District of Guangzhou (two projects) and Liuhe District of Nanjing (one project). The two projects launched in the first half of 2021 were both located in the new and old centres of the city, above the metro and targeting urban residents with rigid demand of housing, and continued to record impressive sales throughout the year. In the second half of the year, another project of the Group in Zengcheng District of Guangzhou was fast-tracked to the market. The project, located in the core development zone of the Guangdong-Hong Kong-Macao Greater Bay Area, was recognised by the market for its new Chinese-style landscape in line with the local cultural and aesthetic trend, low density community space planning, extremely high utilisation rate of household space and higher delivery standards than surrounding competing products. Therefore, it realised hot sales despite the tightening of the property market in the second half of the year.

Enhancement in Revenue and Branding of Property Management Services

In 2021, revenue from property management services of the Group amounted to RMB22.2 million, representing an increase of 21.3%, thanks to the increase of GFA under management by Zhuodu Property under the Group. Through the overall increase in service level, Zhuodu Property achieved a good brand reputation in 2021, with record high customer satisfaction and a steady improvement in reputation in terms of safety service, engineering service and environmental service, etc. Among the communities served by Zhuodu Property, JY Mountain Lake Gulf Project in Zhuzhou was awarded the three-star property demonstration community of Zhuzhou.

Hotel Operations Revenues Grow Steadily

Thanks to the Group’s efforts to enhance customer experience and boost its marketing campaigns, revenue from the Group’s Just Stay Hotel and Just Stay Resort under its hotel operations business amounted to RMB78.8 million in 2021, representing a growth of over 28.3% from RMB64.1 million in 2020. In the face of operational challenges posed by the recurrence of the pandemic, Just Stay hotels enhanced customer experience and service quality by upgrading and improving the facilities and equipment, diversifying the operating projects, adding value to the product experience and other operational initiatives. At the same time, the hotels strengthened online marketing and promotion by seizing major nodes such as Canton Fair, holidays and themed peak seasons to increase the occupancy rate and repeated occupancy rate of new and existing customers through online marketing to attract traffic, offline experience and word-of-mouth communication, resulting in a steady growth in turnover for the year.

Exploit the Urban Renewal Layout, Acquire Quality Land Bank through Diversified Channels

In 2021, the Group inaugurated the Zhujiang Village Redevelopment Project in Huangpu District of Guangzhou, which would increase approximately 268,700 sq.m. financing area in the centre of the city, thereby initiating the layout of urban renewal and bringing greater expected value to the Group’s development. Urban renewal, as a channel to acquire prime land in core cities, will continue to be an important driver of land bank expansion and business growth for the Group. The Group will continue to expand into the Guangdong-Hong Kong-Macao Greater Bay Area, actively develop its urban renewal business and seek strong alliances with competent and qualified partners to enhance its comprehensive competitiveness in the same sector. In addition, the Group will continue to pursue a diversified land acquisition strategy, and increase its quality land bank with a flexible approach through strengthened mergers and acquisitions, joint development and other models, in addition to tenders, auctions or listing-for-sale.

Sound Financial Position Gains Recognition in the Capital Market

The Group has been continuously perfecting its financial structure and further broadening its financials channels, its stable financial situation and diversified financing channels enable the Group to achieve sustainable and high-quality development under the tightening industry background. In February 2021, the Group successfully issued 7.5% senior notes in an aggregate principal amount of US$155 million, including completion of the exchange offer of the existing senior notes amounting to US$137.5 million due 2021. After the reporting period, in January 2022, the Group successfully issued 7.5% senior notes due January 2023 in an aggregate principal amount of US$152,100,000 (the “2022 New Notes”). The issue of the 2022 New Notes comprised of the exchange offer of the existing 2021 Notes amounting to US$149,600,000 and completion of concurrent new money issuance amounting to US$2,500,000.

Mr. Michael Chan, Chairman and Executive Director of JY Grandmark said, “In 2021, the property market showed the characteristics of normalised regulation, intensified competition and market differentiation during the year. In the challenging market environment, JY Grandmark has achieved steady development: in terms of finance, we held tight to the cash flow and optimised our financial structure adhering to the “three red lines”; in terms of land bank, we implemented diversified land bank strategies, and broadened the channels of land bank by both acquisition and expansion as well as strong alliances; in terms of business, we pursued diversified development, with our property development, property management, hotel and other business segments keeping pace with the market, and achieved steady growth on the basis of innovative ideas; in terms of brand, by virtue of our quality management, we continued to be listed on the “Top 20 Creditworthy Property Developers of Guangdong (廣東地產資信20強) “, and also selected as one of the “Top 200 Real Estate Enterprises in China (中國房地產200強企業)” and the “2021 Best Real Estate Enterprises with Greatest Growing Potential in China (2021中國房地產成長力卓越榜)”.

Looking to the future, under the current market environment, “stability” will be the theme of the Company’s development. We will optimise our investment structure based on the principles of cash utilization, debt reduction and leverage lowering, acquire projects with development potential through multiple channels and, leveraging industry trends and policy directions, explore new types of diversified businesses, including urban renewal, asset operation, leasing or old-age care and other sectors with growing demand. Meanwhile, we will strengthen the effective integration of our own diversified businesses, revitalise our assets with an operational mindset and explore new business growth points, so as to cope with market changes under the business environment with normalised regulation in a better way and pursue for long-term, stable and quality development.”

About JY Grandmark Holdings Limited

JY Grandmark is a property developer, operator and property management service provider based in the PRC. It runs four principal businesses, namely (i) property development and sales, (ii) hotel operations, (iii) property management and (iv) commercial property investment. The shares of JY Grandmark have been listed on the Hong Kong Stock Exchange since December 2019 and the Group has been included as a constituent of the MSCI China Small Cap Index since May 2020.

JY Grandmark has land resources in Guangdong, Hainan, Yunnan, Jiangsu and Hunan provinces for its future development. The Group positions itself as an “Eco-friendly and People-oriented Property Developer” and acquired land reserves in strategic locations with abundant natural resources, rich culture and potential for growth. The Group takes into account the natural and cultural resources of its project site in the design of properties to develop homes and communities that the Group considers to be truly liveable for buyers. This accurate positioning differentiates the Group from other property developers in the PRC.

#JYGrandmark

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