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CIFI Maintains Adequate Liquidity, High Degree of Financial Safety and Sustainable Business Development

HONG KONG SAR – Media OutReach – 8 November 2021 – CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, HKEx stock code: 884), a leading real estate developer and investor in China’s first-, second- and robust third-tier cities, is pleased to announce that the Group has repurchased its senior notes with the aggregate principal amount of US$75.3 million on the open market recently which highlighted the Group’s proactive approach to short-term debts management and optimization of the overall debt structure. This indicates the Group’s adequate cashflow and healthy financial position.

CIFI has always maintained good creditworthiness and gradually seen its offshore and onshore credit ratings steadily improve, which attracted strong support from all major international and domestic financial institutions. It has also been a reliable business partner of major banks and financial institutions in China’s real estate sector. As of 30 September 2021, CIFI has been granted RMB213.6 billion worth of on shore credit facilities in total, with RMB 56.6 billion of them utilized. Specifically, the Group has been granted RMB15.0 billion worth of credit facilities from China Merchants Bank, RMB15.0 billion from China Minsheng Bank, RMB13.0 billion from China Construction Bank, RMB10.0 billion from Bank of Communications, RMB9.5 billion from Agricultural Bank of China, RMB8.0 billion from Industrial and Commercial Bank of China and RMB 8.0 billion from Bank of China. The credit line approved by other banks to CIFI covering 2022 remains steady as in 2021.

 

At the regular monetary policy meeting held in the third quarter of this year, the People’s Bank of China proposed “maintaining the healthy development of the real estate market and safeguarding the legitimate rights of homebuyers”. Two days later, the People’s Bank of China and China Banking and Insurance Regulatory Commission jointly organized a symposium on the work on financing the development of the real estate sector. They pointed out that “financial institutions must follow the principles of rule of law and those of the market economy, and cooperate with the relevant departments and local governments in jointly maintaining the healthy development of the real estate market and safeguarding the legitimate rights of homebuyers”. In October, following the announcement of such policy and guidance by the People’s Bank of China and China Banking and Insurance Regulatory Commission, the four national Chinese banks and other key commercial banks resumed increasing quota for mortgage release and increased their support for construction loans in various regions of the country. This has helped CIFI to maintain the reasonable and adequate liquidity in the onshore market.

 

Although the real estate sector has faced the most difficult and challenging business environment in China, CIFI’s total contracted sales increased by 20% year on year to RMB209.25 billion in the first ten months of this year. As of 2 November 2021, the Group’s annual cash collection from property sales exceeded RMB200 billion with the cash collection rate over 95%. Such a high and efficient cash collection has laid a solid foundation for the Group’s development. Since the beginning of the year, CIFI has been continuously and actively managing its debts and proactively optimizing its overall debt structure with the short-term debt ratio maintaining at the lowest level among the industry peers. In addition, the Group achieved breakthroughs by issuing both onshore and offshore bonds with the longest tenor of seven years and the lowest financing cost of 3.9% per annum. It also issued a green syndicated loan for the first time. All such moves met with strong support from financial institutions and investors. It is against the backdrop of the industry’s recent volatility that the Group has flexibly deployed its capital to proactively repurchase its short-term debts and has also strengthened its relationships with major offshore and onshore banks. Through such moves, the Group has enhanced its capability to withstand the risks of both the industry and the economic cycle. It is now working steadily to meet the requirements stipulated by the ‘Three Red Lines’ set by the authorities. All these efforts can ensure the Group’s healthy financial position and sustainable business development in the long term.

About CIFI (Group):

Headquartered in Shanghai, CIFI is one of China’s top real estate developers. CIFI principally focuses on developing high-quality properties in first-, second- and robust third-tier cities in China. CIFI develops various types of properties, including residential projects, offices and commercial complexes.

To learn more about the Group, please visit CIFI’s website at: http://www.cifi.com.cn

#CIFI

A Death Blow – GameFi Project WIN NFT HORSE Is Dethroning Axie Infinity

SINGAPORE – Media OutReach – 8 November 2021 – Time is ticking away for Axie Infinity. In less than a month, an emerging GameFi project called WIN NFT HORSE will upend Axie Infinity.  

 

 

 

Despite the efforts to brand itself as the very platform that brought the Play-to-Earn model to prominence and drove wide adoption among the gamer’s community, Axie Infinity has reached a point where it cannot address its self-inflicted problems like many traditional games.   

 

Amid the surging transactions and the enthusiastic media coverage of Axie Infinity, more tradable NFTs have swarmed in alongside the influx of new players to the platform. The growing supply in the market is breaking the fine balance between sellers and buyers and is suppressing the potential that NFTs hold. It is critical for games, particularly those of social networking nature, to have a sustainable economic model on top of their innovative gameplay. Axie Infinity, in contrast, is now facing immense inflation, where users’ assets have been depreciating.   

 

WIN NFT HORSE cracks this problem by proposing a burning mechanism for NFTs and the reward tokens, where a proportion of the in-game prop NFTs that gamers contribute daily will be taken back by the system to prevent the props and tokens held by gamers from depreciating. 

 

On October 31, WIN NFT HORSE unveiled part of its gameplay. According to news coverage, gamers need to hold TRX, the native token of TRON’s MainNet, to buy the main props, namely NFT racehorses. Gamers with racehorses can play against each other. Winners will receive NFT tokens, make their way to the leaderboard, and win up to $5,000 worth of WIN tokens. Players who own two racehorses have a chance to get a foal of a rarer breed, and any WIN and NFT they have spent will be burned once the player chooses the foal. 

 

According to the developers of WIN NFT HORSE, 50% of the TRX income earned by the project will be used to buy back NFT and the other 50% WIN. 

 

This pattern keeps a lid on the supply of in-game NFTs and maintains the market value of NFT and WIN as two reward tokens through the burn-and-buyback mechanism. 

 

While Axie Infinity has not yet woken up to its problem, WIN NFT HORSE, built with such a well-calibrated economic system, may easily claim victory in this race as well.  

 

WIN NFT HORSE is known as a “GameFi + NFT” game jointly launched by TRON, APENFT Foundation, and WinkLink. The horse racing-themed game is also the first-ever GameFi project in the TRON ecosystem. 

TRON, one of the world’s top three public chains, is a highly regarded player in blockchain technology innovation, while APENFT is a foundation specializing in art NFTs and it also possesses artworks from world-renowned artists like Pablo Picasso, the crypto artist Beeple, and many others. And WINkLink is the first oracle project in the TRON ecosystem. 

 

WIN NFT HORSE, the blockchain game jointly developed by the three, will undoubtedly beat Axie Infinity in applying blockchain technology and building the new gaming ecosystem. 

 

A Dark Age is coming for the likes of 4A traditional games as well as Axie Infinity. 

 

Justin Sun Delivers a Keynote Speech at the Singapore FinTech Festival 2021 (SFF)

SINGAPORE – Media OutReach – 8 November 2021 – On November 8, TRON founder Justin Sun attended the Singapore FinTech Festival 2021 (SFF) where he delivered a keynote speech on Web 3.0. This event was also live-streamed globally on the official platform.

 

Organized by the Monetary Authority of Singapore, the Singapore FinTech Festival (SFF) is the world’s largest gathering for the FinTech community. Themed on “Web 3.0”, SFF 2021 took place from November 8 to 12 as a hybrid digital and physical event. In addition to TRON, industry giants such as AMTD Group, Microsoft, Ant Group, Tencent, Mastercard, Temasek, Bank of China, China Construction Bank, Industrial and Commercial Bank of China, HSBC, and PayPal also attended SFF 2021.

 

Justin Sun mentioned in his keynote speech that TRON is always committed to the growth of Web 3.0, which boasts higher efficiency thanks to its nature as a distributed infrastructure. Compared with Swift, the TRON network is permissionless and supports instant transfers of USDC, USDT, and TUSD, etc. at minimal costs.

 

Smart contracts are the name of the game in Web 3.0 since they open up possibilities for developers, allowing almost everyone to build DApps on TRON and covering nearly all industries including finance.

 

According to Justin Sun, Web 3.0 is also applied to fields including GameFi. There is not much value embedded in the existing games in the market since they are not backed by assets. GameFi, however, allows players to earn monetary returns while playing games. In WIN NFT HORSE, a game jointly launched by TRON, APENFT Foundation, and WINk, players can earn tokens by owning NFTs. All the scores players earn will be kept on the chain and can be reused and verified on any other chains, hence safeguarding assets and data.

 

Justin also believes that Web 3.0, as an infrastructure, will help connect 7 billion people and that “BTTC is a good case in point”.  

BTTC (BitTorrent Chain) is a layer 2 cross-chain scaling solution launched by TRON on October 30 with its Tesnet enabled. In his open letter to the community, Justin Sun announced his decision to earmark $1 billion to spur the migration of projects from Ethereum onto BTTC. With BTTC, TRON will further cement its dominant position in the blockchain space. Since its inception in 2018, TRON has evolved into one of the world’s top three public chains in just a few years under Justin’s leadership. Today, TRON’s public chain boasts upwards of 60 million users, over 2.5 billion transactions, and an all-encompassing ecosystem that covers DeFi, NFT, stablecoins, and distributed storage protocols.

 

TRON is one of the blockchain companies invited to the Singapore FinTech Festival 2021 (SFF), and Justin garnered much attention at the event with his insights on Web 3.0 and the solution he proposed to digital finance, BTTC.

#TRON

What’s Up Laos Mobile App Provides a Boost to Tourism in Laos

The What’s Up Laos mobile application will assist in the revival of tourism by promoting new locations and special offers for domestic and international visitors.

Hang Lung Garners Multiple Prestigious Accolades for Annual Reports

HONG KONG SAR – Media OutReach – 8 November 2021 – Hang Lung Group and Hang Lung Properties are pleased to have received a total of 14 awards from six prestigious awarding bodies including the 2021 HKMA Best Annual Reports Awards, 2021 Galaxy Awards, 2021 International ARC Awards, 2021 International Business Awards, The International Annual Report Design Awards (IADA) 2021, and the LACP 2020 Vision Awards. Among these awards, the Annual Report 2020 of Hang Lung Properties was accorded the Silver Award in the General Category – the top performer among participating companies in the real estate industry at the highly competitive HKMA Best Annual Reports Awards.

 

“60 Years of Heritage, Infinite Possibilities” was the theme of Hang Lung’s Annual Reports 2020

 

 

Hang Lung clinches the Silver Award in the General Category at the HKMA Best Annual Reports Awards

 

The judging panels for each of the awarding bodies comprised senior executives and industry professionals from corporations all over the world. They ranked annual reports and selected top performers based on their creativity, cover design, chairman’s letter, writing style, page design, photography, and financial presentations. Our annual reports were highly rated by the judges as enlightening, with the “Chair’s Letter to Shareholders” noted as being a particularly well-executed section that informed readers of the macroeconomic environment and our management philosophy, while the “Review of Operations” section was deemed well-designed with good highlights of both financial and non-financial performance.

 

Hang Lung’s rich history was the inspiration behind the reports’ theme of “60 Years of Heritage, Infinite Possibilities”. The number “60” and “∞” symbol featured on the cover pages represent our properties’ unique aesthetic design in Hong Kong and mainland China. The former denotes the 60th anniversary of the Hang Lung Group while the latter represents the infinite possibilities that lie ahead in the next 60 years – a sentiment also reflected in the close connection between the “6” and “0” on the Hang Lung Group report cover.

 

“Hang Lung is committed to improving transparency and enhancing communications with our shareholders. The annual report is a crucial channel for us to connect with and to keep our shareholders, investors, employees, and other stakeholders informed of our financial and non-financial performance, business strategies, and outlook. We are honored to have received these awards for our annual reports – a true testament to Hang Lung’s continuous pursuit of excellence,” said Mr. Weber Lo, CEO of Hang Lung Properties.

Details of the awards are as follows:

2021 HKMA Best Annual Reports Awards

Silver Award – General Category

2021 Galaxy Awards

Design – Annual Reports: Traditional – Hong Kong – Gold

Copywriting: Annual Reports – Chairman’s Letter – Honors

2021 International ARC Awards

Cover Photo/Design – Silver

Chairman’s/President’s Letter – Bronze

Interior Design – Honors

2021 International Business Awards

Best Annual Report – Silver Stevie Award

(Publicly-Held Corporations)

The International Annual Report Design Awards (IADA) 2021

Integrated Presentation – Silver

Cover Design – Bronze

LACP 2020 Vision Awards

Platinum Winner Worldwide

Best Report Narrative in the Asia-Pacific Region

Top 100 Reports Worldwide

Top 50 Chinese Annual Reports

Top 80 Reports in the Asia-Pacific Region

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

FAO and USAID Provide 12,000 COVID-19 Rapid Tests to Laos

Vice-Minister of Health of Lao PDR Dr. Sanong THONGSANA,, FAO Representative Mr. Nasar Hayat and United States Ambassador to Lao PDR Dr. Peter M. Haymond at the handover ceremony.
Vice-Minister of Health of Lao PDR Dr. Sanong THONGSANA,, FAO Representative Mr. Nasar Hayat and United States Ambassador to Lao PDR Dr. Peter M. Haymond at the handover ceremony.

 

Continued efforts by Laos to detect and mitigate COVID-19 have received a boost from international partners.

ECOVACS Celebrates 11.11 in Malaysia With Mega Discounts on DEEBOT T9 and Star-quality Messages

Double 11 deals at Lazada and Shopee offer up to 70% savings for the latest robot vacuum cleaners with personalized messages from South Korean star Hyun Bin.

KUALA LUMPUR, MALAYSIA – Media OutReach – 8 November 2021 – ECOVACS ROBOTICS, the world’s leading home service robotics maker, is keeping people more connected during 11.11 (also known as Singles’ Day) and year-end festive seasons with new deals. They aim to enhance the feeling of companionship and help consumers once again connect during the pandemic.

 

On this special occasion, ECOVACS is collaborating with Hyun Bin to be your companion by filling you with joy when you clean and, more importantly, at the most comfortable price. Under the theme “Home is better, when we clean together.“, consumers can purchase the industry-leading and intelligent DEEBOT T9 and other featured DEEBOT robots as worthwhile companions at special prices that can save them up to 70% and receive a host of surprises, 2-year warranty, free shipping and prizes from ECOVACS.

 

DEEBOT T9 vacuum & mopping robot: The Best Just Got Better


The DEEBOT T9 Family raises the bar for home cleaning with nine industry-leading features. They include the ECOVACS’ leading real-time obstacle detection and avoidance technology TrueDetect 3D 2.0, TrueMapping 2.0 for precise navigation, and OZMO™ Pro 2.0 Electric Oscillating Mopping System that removes 99% of bacteria and stubborn stains with a mopping efficiency that is 40% higher than other competitive models. The Auto-Empty Station, which automatically clears the robot’s dustbin, minimizes human intervention during the cleaning process.

 

Find out more about the ECOVACS ROBOTICS 11.11 deals at the ECOVACS Official Stores on Lazada: https://cutt.ly/TRUkiJj Shopee: https://cutt.ly/qRUksFn

About ECOVACS ROBOTICS

Innovating Since Day One – Creating the Intelligent Home.

At ECOVACS ROBOTICS, we care about innovating solutions to enhance your lifestyle. Based on a deep understanding of use cases and consumer experiences, we design robots that help you to “live smart, enjoy life”. With over 20 years of design and industry-leading research, we have led the market as homes become more intelligent and responsive. We are building a world where your home asks less of your attention, becomes more seamless and powerful, and frees you to spend more time doing what you love.

#ECOVACSROBOTICS

ECOVACS Celebrates 11.11 in Singapore With Mega Discounts on DEEBOT T9 and Star-quality Messages

Double 11 deals at Lazada and Shopee offer up to 60% savings for the latest robot vacuum cleaners with personalized messages from South Korean star Hyun Bin.

SINGAPORE – Media OutReach – 8 November 2021 – ECOVACS ROBOTICS, the world’s leading home service robotics maker, is keeping people more connected during 11.11 (also known as Singles’ Day) and year-end festive seasons with new deals. They aim to enhance the feeling of companionship and help consumers once again connect during the pandemic.

 

On this special occasion, ECOVACS is collaborating with Hyun Bin to be your companion by filling you with joy when you clean and, more importantly, at the most comfortable price. Under the theme “Home is better, when we clean together.“, consumers can purchase the industry-leading and intelligent DEEBOT T9 and other featured DEEBOT robots as worthwhile companions at special prices that can save them up to 60% and receive a host of surprises, free shipping and SGD $169 prizes from ECOVACS.

DEEBOT T9 vacuum & mopping robot: The Best Just Got Better


The DEEBOT T9 Family raises the bar for home cleaning with nine industry-leading features. They include the ECOVACS’ leading real-time obstacle detection and avoidance technology TrueDetect 3D 2.0, TrueMapping 2.0 for precise navigation, and OZMO™ Pro 2.0 Electric Oscillating Mopping System that removes 99% of bacteria and stubborn stains with a mopping efficiency that is 40% higher than other competitive models. The Auto-Empty Station, which automatically clears the robot’s dustbin, minimizes human intervention during the cleaning process.

 

Find out more about the ECOVACS ROBOTICS 11.11 deals at the ECOVACS Official Stores on Lazada: https://cutt.ly/lRUj6ST & Shopee: https://cutt.ly/bRUkeCr

About ECOVACS ROBOTICS

Innovating Since Day One – Creating the Intelligent Home.

At ECOVACS ROBOTICS, we care about innovating solutions to enhance your lifestyle. Based on a deep understanding of use cases and consumer experiences, we design robots that help you to “live smart, enjoy life”. With over 20 years of design and industry-leading research, we have led the market as homes become more intelligent and responsive. We are building a world where your home asks less of your attention, becomes more seamless and powerful, and frees you to spend more time doing what you love.

#ECOVACSROBOTICS