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Pacific Century Premium Developments Limited announces annual results for the financial year ended December 31, 2021

HONG KONG SAR – Media OutReach – 21 February 2022 –

 

2021 Annual Results – Financial Highlights

 

(Figures for the corresponding period in 2020 are shown in brackets)

  • Consolidated revenue: HK$ 467 million (HK$ 1,843 million)
  • Consolidated operating loss: HK$ 358 million (HK$ 462 million)
  • Consolidated net loss attributable to equity holders of the Company: HK$ 825 million (HK$ 749 million)
  • Basic loss per share: 42.46 HK cents (47.19 HK cents)
  • No final dividend (No final dividend)

Pacific Century Premium Developments Limited (“PCPD”, SEHK: 00432) has announced its annual results for the year ended December 31, 2021.

 

The consolidated revenue of PCPD and its subsidiaries (together, the “Group”) amounted to approximately HK$ 467 million, representing a decrease of approximately 75% compared to the revenue of approximately HK$ 1,843 million in 2020.

 

The Group’s consolidated operating loss amounted to approximately HK$ 358 million, representing a decrease of approximately 23% compared to the operating loss of approximately HK$ 462 million in 2020.

 

The consolidated net loss attributable to equity holders of the Company for the year of 2021 was approximately HK$ 825 million, compared to the net loss of approximately HK$ 749 million in 2020.

 

Basic loss per share for 2021 was approximately 42.46 Hong Kong cents compared to the loss per share of approximately 47.19 Hong Kong cents for the previous year.

 

The Board of Directors has not recommended the payment of a final dividend for the year ended December 31, 2021.

 

2021 continued to be a challenging year for our hospitality businesses in Hokkaido, Japan. As a result of the various travel restrictions and social distancing measures imposed and the declaration of state of emergency by the Japan government during the year, the occupancy of the Park Hyatt Niseko, Hanazono remained low.  

 

In South East Asia, Pacific Century Place, Jakarta, our premium commercial property located in Indonesia, maintained a stable performance with an occupancy rate of approximately 80 per cent as at December 31, 2021. In Phang Nga, Thailand, the 18-hole golf course together with the golf and country club commenced operations in the third quarter of 2021. The handover of the first batch of villas began in December 2021.

 

In respect of our property development project at 3-6 Glenealy, Central, Hong Kong, the demolition work was completed and the foundation work is expected to commence in the first quarter of 2022.

 

Mr. Benjamin Lam, PCPD’s Deputy Chairman and Group Managing Director, said: “In view of the lingering pandemic and the expected tightening of monetary policies across the US and other developed countries to combat rising inflation, the economic recovery in 2022 remains uncertain. Notwithstanding these challenges, we remain optimistic as to the outlook and prospect of the real estate industry in Hong Kong, Japan and Thailand. The Group will continue to closely monitor the situation and adopt a prudent approach for its business development.” 

About PCPD

Pacific Century Premium Developments Limited (“PCPD” or the “Group”, SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited (“PCCW”, SEHK: 00008) is the single largest shareholder of the Group.

#PacificCenturyPremiumDevelopmentsLimited #PCPD

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

Businesses, Government, and Development Partners Support Responsible Business Conduct in Laos

Last Thursday, the Office of the Embassy of Canada, AustCham, The European Chamber of Commerce and Industry, the European Union, and the British Business Group in Laos co-hosted the 3rd Responsible Business Conduct Forum to share their commitment to and best practices in corporate social responsibility (CSR).

Hang Lung Properties Donates HKD 10 Million for Pandemic Countermeasures in Hong Kong

HONG KONG SAR – Media OutReach – 21 February 2022 – Hang Lung Properties Limited (Stock Code: 00101) (“the Company” or “Hang Lung”), has announced a donation of HKD 10 million as the “Hang Lung COVID-19 Relief Fund 2.0” in full support of pandemic countermeasures in Hong Kong. As part of the Relief Fund measures, the Company is also actively exploring opportunities to turn its mall premises into COVID-19 vaccination venues to serve the public. In the first stage, the Relief Fund is providing health protection kits and daily necessities to frontline workers in pandemic relief-related community services, as well as to low-income families and underprivileged students, in order to provide support for their immediate needs.

 

Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties, said, “Currently the community is in the grip of a grave outbreak of the virus, and Hang Lung continues to be engaged in work to support measures to contain its spread with aid being given to vulnerable individuals and families through the ‘Hang Lung COVID-19 Relief Fund’. We are grateful for the support of our mall tenants, NGOs and community partners who have joined us in a concerted effort to overcome the challenges posed by the new wave of infections.”

 

The Company is consulting the government on the possibility of converting its portfolio of properties to COVID-19 vaccination venues. With the additional convenience of Hang Lung’s city-wide locations, it is hoped that community participation in the vaccination drive will continue to rise to levels that provide society-wide protection. Under necessary conditions, the “Hang Lung COVID-19 Relief Fund 2.0” will also set aside funds in support of the construction and operation of government “mobile cabin hospitals”, in order to offer all-round support of efforts to counter the spread of the virus.

 

The first dispersal of resources from the “Hang Lung COVID-19 Relief Fund 2.0” will see “Caring Anti-pandemic Gift Packs” distributed to targeted groups including highly devoted, hardworking frontline hygiene workers and drivers of designated “patient-transportation” taxis, as a token of appreciation for their dedication, and low-income families with children to alleviate the financial burdens of those families, the anxiety and fear of children. On top of health protection kits, these gift packs contain supermarket, and health supplies, soup pack vouchers, a data SIM card to support student online learning, and play packs for children. The gift packs will be distributed to beneficiaries in phases, in conjunction with NGOs including the Society for Community Organization, St. James’ Settlement, and Hong Kong Young Women’s Christian Association. Apart from giving out gift packs, the Company is also in consultation with fleet operators to swiftly provide students of underprivileged families with free transport services for vaccination.

 

To align with the government’s “StayHomeSafe” Scheme, Hang Lung has initiated work-from-home arrangements for all office staff and provided its dutiful frontline staff with health protection so as to safeguard their health and that of their families. Meanwhile, based on individual situations, the Company is offering rental adjustments for mall tenants who are experiencing pressures in their daily operations, to weather the current challenging business environment with them.

 

Hang Lung would like to express its deep respect for those fighting against the pandemic. The Company hopes that the outbreak will soon come to an end with the concerted effort of different sectors, allowing all citizens to return to their normal way of life.

 

“Hang Lung COVID-19 Relief Fund” was first set up in February 2020 with a donation of RMB 10 million supporting pandemic countermeasures in both Hong Kong and on the Mainland through targeted programs to aid community groups adversely affected by the pandemic, in which RMB 6 million was contributed to finance the establishment of Leishenshan Hospital in Wuhan.

 

About Hang Lung Properties

Hang Lung Properties Limited (stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is recognized for leading the way in enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

For more information, please visit www.hanglung.com.

#HangLungProperties

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

Flights Resume Between Laos and Vietnam

Laos and Vietnam resume flights
A Vietnam Airlines jet departs from Wattay Airport.

Vietnam has resumed flights between Laos and 18 other countries as it reopens to tourism.

Laos Confirms 218 New Cases of Covid-19

Covid-19 Update Xayaboury

Laos has recorded 218 cases of Covid-19 across the country today, with two new deaths.

Dyson Re-engineers Expert Service and Support with Opening of its First Owner Centre in Hong Kong

Reinforcing its commitment to Hong Kong, Dyson is investing in delivering an enhanced owner experience with a new dedicated Owner Centre for convenient product servicing, technical support, expert advice, and exclusive trade-in offers and personalisation services

HONG KONG SAR – Media OutReach – 21 February 2022 – Dyson today announced the opening of its first Owner Centre, a firm demonstration of the company’s commitment to bring an enhanced experience to its owners, and consumers, in Hong Kong. The Dyson Owner Centre will be staffed by a growing team of professional product experts and service engineers, each well-trained to provide technical advice, and convenient onsite repair services. The Centre will also showcase how Dyson’s pioneering technologies are engineered to solve problems that others ignore. To celebrate the opening of the Dyson Owner Centre from March, Dyson also kicks off the Dyson Owners Month with exclusive owner benefits to upgrade their current machines for Dyson’s latest technologies.

SEAMLESS OWNER EXPERIENCE

Prioritising the owner experience, the new Dyson Owner Centre is bringing dedicated resources to Hong Kong owners at an easy-to-reach centralised location with convenient service hours. The 4,500 square-feet Centre features a walk-in service bar and a repair facility where Dyson engineers and spare parts are on site to speed up repairs and avoid shipping machines elsewhere for servicing.

 

Dyson has also expanded its local customer service team in Hong Kong. The Dyson Owner Centre will be staffed by a team of trained product experts to provide technical support, servicing and maintenance tips. Owners will be able to access these expert engineers on site at the Dyson Owner Centre or via the Dyson Virtual Engineer Support service to be launched in mid-March.

 

The Dyson Owner Centre is located at 5/F Grand Plaza Office, Tower 2, 625-639 Nathan Road, Mongkok, just a five minute walk from the Mongkok MTR station. It will be open 10:30am to 7pm Monday to Friday, and 10:30am to 4pm on Saturdays. Bookings are recommended and courier pick-up services are available.

BUY DIRECT FROM THE PEOPLE WHO MADE IT

Customers can shop at dyson.hk, Dyson Demo Store at ELEMENTS and the new Dyson Owner Centre to experience the many benefits of buying Dyson technology direct from the people who made it. Dyson offers preferential personalisation services and exclusive colourways and products to Hong Kong customers, alongside a stress-free owner experience that includes a 14-day satisfaction guarantee and access to professional help and advice from the Dyson Expert team. Buying direct from Dyson also ensures that customers can choose from the widest selection of Dyson technology at the best price.


EXCLUSIVE OFFERS IN DYSON OWNERS MONTH

To celebrate the grand opening of the Dyson Owner Centre, Dyson is launching a series of owner exclusive offers from today until 13 March 2022. Dyson is constanting reinventing how our owners experience Dyson machines. Some of our owners have been using the older models for some time and it is an opportune moment to elevate their user experience.

 

Dyson also believes that its long-term commitment to quality owner service is essential. To give owners peace of mind and extended guarantee, you can now purchase any Dyson products to enjoy an additional 6-month warranty period and exclusive offers on accessories during Dyson Owners Month.

 

Trade-in for technology upgrade

20% off for selected models:

  • Dyson V12 Detect™ Slim
  • Dyson Purifier Cool™ Formaldehyde TP09
  • Dyson Purifier Cool™ TP07
  • Dyson Corrale straightener

15% off Dyson V15 Detect™Total Clean vacuum cleaner

Exclusive benefits for new owners*

*for new purchases and online registrations within Dyson Owners Month

  • Additional 6-month warranty
  • 50% coupon on accessories

 

For more details about the Dyson Owners Month, please visit https://www.dyson.hk/en-HK.

 

*The above offer details are subject to the official terms and conditions.

 

About Dyson

Dyson is a global research and technology company with engineering, research, development, manufacturing and testing operations in Singapore, the UK, Malaysia and the Philippines. Having started in a coach house in the UK, Dyson has consistently grown since it was established in 1993. Today, it has two technology campuses in the UK spanning over 800 acres in Malmesbury and Hullavington and a global headquarters in Singapore. Dyson remains family-owned and employs over 14,000 people globally including 6,000 engineers and scientists. It sells products in 83 markets internationally.  

  

Dyson is investing £2.75bn in the business to conceive revolutionary products and technologies. Dyson has global teams of engineers, scientists and software developers focused on the development of solid-state battery cells, high-speed electric digital motors, sensing and vision systems, robotics, machine learning technologies and A.I. investment. Since inventing the first cyclonic bagless vacuum cleaner - DC01- in 1993, Dyson has created problem solving technologies for haircare, air purification, robotics, lighting and hand drying.

The Dyson Institute of Engineering and Technology is a new model for engineering education combining the academic rigour of a traditional university with hands-on and real-world experience of working on real products and technologies inside a global technology company. Dyson undergraduates are paid a salary from Day One and pay no Tuition Fees.

The James Dyson Foundation was founded in 2002 and the charity works internationally to empower aspiring engineers, support engineering in education and invest in medical research. The James Dyson Award is the Foundation’s annual international design competition and is open to current and recent design and engineering students. Since starting in 2005, the Award has supported nearly 250 inventions, providing funds to support their commercialisation. 65% of international winners have successfully commercialised their projects, against a backdrop where 90% of start-ups fail.

#Dyson

Jockey Club Engage Digital Exploration – Digital NGO: Advocating for Video-storytelling Adoption and Digital Transformation for NGOs in Hong Kong

HONG KONG SAR – Media OutReach – 21 February 2022 –

The 2021 Year in Review:


“YouTube platform has been on the rise to become the no#1 social media platform according to Hootsuite, the social media management platform, in 2021, yet most NGOs are not confident in using videos for storytelling”


Perhaps no other type of industry is more applicable for video storytelling than nonprofit. The objectives are genuine and powerful, and the characters are passionate and inspiring. Yet, many NGOs are not leveraging this channel to communicate their impact and it’s simply hard to write a well-told story. 

 

“Digital transformation has impacted the marketing and communications industry.  NGOs agree that a data-driven content communication is essential but consider that implementing data-driven marketing is somehow beyond reach.”


NGOs showed they are eager to adapt a data-driven mindset in setting up digital campaigns to create more engaging communications of their mission and vision to the public, yet the digital skills know-how in nonprofits is largely limited and creates additional challenges in analyzing big data in marketing.

 

In 2021, under the Jockey Club Engage Digital Exploration (JC ENGAGE) organized by Asian Charity Services (ACS) and funded by The Hong Kong Jockey Club Charities Trust, we were privileged to serve 125 NGO leaders, equipping their teams with basic skills in video storytelling and digital campaigns for more effective digital communication capabilities. Through the JC ENGAGE journey, the teams gained:

  • Thoughtful insights and frameworks into creating effective communication strategies for the nonprofit sector
  • Training and resources from communications professional
  • Customized assistance and advisory services from pro bono skill-based volunteers


Highlights from JC ENGAGE participants:

“Deepening understanding around developing clear and measurable objectives and strategy based on factual/data-driven knowledge of the market and our donors and audience.”


“Our biggest takeaway is the startup model and strategies of crafting a story. We only created videos from our existing skills in the past, and now we have learned to narrow down the target audience to improve effectiveness. We also learned how people from other fields think in the workshops, which was invaluable. The workshop materials were practical and helped us execute our plan step by step.”

 

“We seldom have the chance to stand behind the camera and create a video from scratch ourselves. We did this thanks to JC ENGAGE. After the workshops, we found that we could publish the video already, and readily promote our message of aging-in-place to the public. It also means a lot to us that we invited service users to share their real-life experiences and bring focus to their perspectives to be shared with the public.” 

 

Looking Forward 2022:

The pandemic has shaken the world in the past 24 months and embracing digital is a non-negotiable part of any organizational strategy.  It’s no longer about striving to be online but how to thrive.  Nonprofits need strategies to launch hybrid fundraising events, reaching donors virtually using powerful video content to make a strong emotional connection as well as exploring the data insights the online channels can bring to be more efficient and focused. Nonprofits need to have a digital strategy as part of their game plan to thrive in the new normal.

 

Our team will launch a large-scale online digital survey to build stronger partnerships and an understanding of Hong Kong NGOs’ digital marketing landscape.  The research will help highlight the needs and guide the focus areas for the nonprofit sector. JC ENGAGE team is enthusiastic to be part of the drive to build digital capacity in the ecosystem. The journey goes beyond the training but community support to create capacity and to convene more resources.

 

Nonprofits often lack investment in marketing and technology, creating constraints in digital transformation. Skilled volunteering is a powerful way to bridge the technical gap between nonprofits and the digital world. Whether you are a digital media service provider or an individual marketing specialist, your support is extremely helpful. To get started, click the link: https:/engage.asiancharityservices.org/jc-engage/jc-engage-get-involved/.

About Asian Charity Services

Asian Charity Services (ACS) offers customized philanthropic services to enable foundations and corporates to engage and impact NGOs in a meaningful and innovative way. ACS provides training and support for capacity-building and helps bridge the gap between funders and non-profits. To learn more, visit https://www.asiancharityservices.org / or follow @asiancharityservices on Fb, IG, and LinkedIn.

About Jockey Club Engage Digital Exploration Program (JC ENGAGE)

JC ENGAGE is a digital exploration program for staff from non-profit organizations. We aim to equip NGOs with the knowledge of storytelling and digital campaigns taught by subject matter experts and coached by our skilled-based professionals. Through this journey, non-profit communication with stakeholders can be better, stronger, and deeper. To learn more, visit https://engage.asiancharityservices.org/

#JCENGAGE #JockeyClubEngageDigitalExploration

Nova MSC Collaborates with AMO and RHAZES to Bring its AI Deep Learning Technology, SELENA+ to Mainstream Adoption

  • Nova MSC signs MoU with AMO and RHAZES that will enable the deployment of its EyRIS’ AI-Deep Learning Technology, SELENA+ to more than 1,000 AMO members via RHAZES Telehealth service
  • SELENA+ is capable of detecting up to 3 retinal diseases, principally diabetic retinopathy, glaucoma suspect and age-related macular degeneration
  • EyRIS SELENA+ will also become a gamechanger in first stage diagnostic with the addition of a new algorithm to detect chronic kidney disease (CKD)
  • EyRIS has inked a Research Collaboration Agreement with a specialty centre under the National Healthcare Group (NHG) to develop a new proprietary AI that detects melanoma using a mobile phone camera

KUALA LUMPUR, MALAYSIA – Media OutReach – 21 February 2022 – Nova MSC Berhad (“Nova MSC” or “the Company”), which is the exclusive distributor of EyRIS Pte Ltd’s (“EyRIS”) products, has signed a Memorandum of Understanding (“MoU”) with the Association of Malaysian Optometrists (“AMO”) and Rhazes Consultancy Services Sdn Bhd (“RHAZES”), a tele-pharmacy platform provider, to bring its AI Deep Learning Technology, SELENA+ to mainstream adoption in Malaysia. 

  

Under the collaboration, EyRIS’ AI deep learning technology, SELENA+, will be deployed to AMO’s more than 1,000 members across Malaysia via RHAZES Telehealth. RHAZES Telehealth is Malaysia’s first knowledge-based telehealth service provider through its brand Rhazes TeleOpto.

EyRIS is 42% owned by novaHEALTH Pte Ltd, which in turn is wholly-owned by Nova MSC.

Nova MSC’s General Manager, Mr Nazerollnizam Kasim, said, “We are optimistic that the collaboration with both AMO and RHAZES will drive forward the adoption of SELENA+ in Malaysia. During the pandemic, we have seen a rise in telehealth and how it has gradually moved towards mainstream adoption.”

According to En. Ahmad Fadhullah Fuzai, President of AMO, “The deployment of SELENA+ to AMO’s member practices across the country will help to improve the range and quality of our services. This synergistic partnership with Nova will see the launch of SELENA+, and it will be deployed initially in 55 practices across Malaysia through Rhazes’ TeleOpto Platform, eventually expanding to the other member practices within a year.”

SELENA+ is capable of detecting up to 3 retinal diseases, principally diabetic retinopathy, glaucoma suspect and age-related macular degeneration. Early screening and detection of these diseases can significantly reduce vision loss, and in the case of diabetic retinopathy, studies have shown that diabetes-related vision loss can be reduced by up to 47 percent. EyRIS’ SELENA+ has been approved for use by the Malaysian Medical Device Authority since 22nd June 2020.

Aside from that, there will also be an addition of a new algorithm to detect chronic kidney disease (“CKD”) through the same fundus image used by EyRIS’ SELENA+ to detect the 3 retinal diseases mentioned earlier.

Nova MSC’s Group Chief Executive Officer, Mr Lai Teik Kin added, “The addition of this new algorithm will help us to be a gamechanger in the first stage diagnostic, a drive towards being able to implement rapid screening tools to aid early detection for systemic diseases. Our CKD algorithm boasts an 85 percent accuracy rate, and uses of the non-invasive fundus imaging allows results to be generated within 10-15 seconds with ease, speed and accuracy,” Mr Lai said.

He also pointed out that the recent gold award won by EyRIS at the Techblazer Awards 2021 in the Most Promising Innovation category is a sign of the Group’s push to bring world-class technology into the world. The Techblazer Awards is Singapore’s highest accolade for technological innovation.

The push to deploy SELENA+ into mainstream adoption in healthcare services has seen the availability of its technology in 26 countries.

In order to continue to expand the capabilities in disease detection through its cutting-edge AI deep learning technology, EyRIS has inked a Research Collaboration Agreement with a specialty centre under the National Healthcare Group (NHG) to develop a new proprietary AI that detects melanoma using a mobile phone camera. This was facilitated by NHG’s Centre for Medical Technologies and Innovations (CMTi).

Melanoma is the deadliest form of skin cancer, and early detection is able to increase the 5-year survival rate to 99 percent. With 1 in every 3 cancer diagnoses being skin cancer and the high melanoma incidence rate of 3.4 per 100,000 worldwide, the ability to detect skin cancer early through non-invasive, mobile imaging will contribute to the fight against skin cancer mortality.

We are Nova MSC Berhad

Established in 2002, Nova MSC Bhd is a Bursa Malaysia ACE Market-listed company, which is involved in four main business pillars namely, healthcare, Digital Government, building automation and virtual construction. We are a leading provider of ready-to-deploy, industry-focused application software and services for both the public and healthcare sectors, with an international track-record. Our products are developed based on our technical knowledge and in-depth understanding of industry demands and the clients’ requirements, thereby bringing improved productivity to our customers.

For more info, visit: http://www.nova-hub.com/

#NovaMSC

About SELENA+

Early screening is highly effective in helping to prevent blindness from a range of eye diseases. SELENA+ is an intelligent deep learning system that can detect eye diseases: this system was jointly invented by researchers at NUS School of Computing (NUS-SoC) and the Singapore Eye Research Institute (SERI) to perform automated image analysis of retinal images. The analysis results will be used to provide early detection of eye diseases, including diabetic retinopathy (DR), glaucoma and age-related macular degeneration (AMD).

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