26.6 C
Vientiane
Thursday, August 7, 2025
spot_img
Home Blog Page 2945

Malaysia Global Business Forum to Support Creative Economy in Post-COVID-19 Recovery

KUALA LUMPUR, MALAYSIA – Media OutReach – 30 November 2021 – Malaysia Global Business Forum (MGBF) has moved to support the creative economy as the overall economy moves into a recovery phase following the COVID19 pandemic. As a step in the direction of normalcy, the MGBF has agreed to host the art exhibition “I Know You’re Somewhere So Far” by one of Malaysia’s leading young artists Mulaika Nordin.

   

The full spectrum of the creative industries, from film to visual arts were heavily impacted over the past two years. Prior to the pandemic the creative industries were estimated to be worth some RM29.4 billion contributing 1.9% to Gross Domestic Product (GDP) in 2019 according to a report by the Department of Statistics Malaysia.  

 

The Malaysia Global Business Forum like many businesses has evolved extensively due to the pandemic. Many of our business matching and government engagement programs have shifted to the virtual space. We are pleased to announce that our first step back to in person physical events will take place this December with the hosting of this important art exhibition.  

 

Co-chairman of MGBF, Rizal Kamaruzzaman said, “This is a perfect opportunity to energise the arts while contributing to the economy by empowering a member of the artistic community. It is our hope that the arts scene becomes more vibrant. It is important to develop not just the artists but the stakeholders and policies that empower this sector of the economy.

 

“With considerable growth prospects as the creative industry can seamlessly integrate into the global digital economy, the government in the recent budget recognised the importance of this sector by allocating several hundred million to see the sectors’ rapid recovery. MGBF will play our part in what needs to be a concerted effort to achieve targeted results for creative industry players in the country.”

 

Mulaika rose to prominence in 2019 when at the age of 16 she became the youngest artist to hold a solo exhibition at the National Arts Museum (Balai Seni Visual Negara). Now, her second solo exhibition, “I Know You’re Somewhere So Far”, will feature over 60 works of art. Completed over the last four years, the show explores themes of disconnect and isolation from the lens of an empathic teenage artist as she navigated a constantly changing environment culminating in the period of the global pandemic in 2020 and 2021. 

 

The exhibition will be held at the Ken Gallery at Menara Ken, Taman Tun Dr. Ismail from 9 to 19 December. For more information about attending the exhibition visit www.Mulaika.com.

 

Cloud Comrade achieves AWS Financial Services Competency

Ready to support the Indonesian and Malaysian financial sector as more and more banks and insurance companies are moving into the cloud.

SINGAPORE – Media OutReach – 30 November 2021 – Cloud Comrade, a leading Singapore-based cloud computing consultancy and managed services provider (MSP) with a growing presence in Malaysia and Indonesia, is pleased to announce that it has achieved the Amazon Web Services (AWS) Financial Services Competency. Cloud Comrade will be one of 20 companies in Asia Pacific, and over 100 globally to achieve the competency status.

 

AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify AWS Partners with deep industry experience and expertise.

 

AWS Financial Services Competency Partners provide cloud-based offerings that help accelerate innovation for banks, insurance companies, capital market firms, and payment processors of all sizes. These offerings allow businesses to become more agile, strategic, and customer-focused.

 

Cloud services will become even more accessible for customers in ASEAN as AWS continues to expand its infrastructure. Cloud Comrade, as an AWS Financial Services Competency Partner, is well-equipped to help financial services companies harness the cloud to transform digitally, innovate and deliver better customer outcomes.

 

“We are proud to become an AWS Financial Services Competency Partner, which shows our readiness to cater to the unique needs of Asia’s financial services sector as it undergoes a massive disruption. With our proven track record in the industry, helping a large insurance company in Singapore and a bank in Southeast Asia with their digital transformation and successful migration to the cloud, we are now well-positioned to help these companies leverage the cloud to drive business growth and innovation,” said Andy Waroma, Co-Founder & Co-Managing Director of Cloud Comrade.

 

“Indonesia and Malaysia are very important growth markets for us, with their size and the transformation they are undergoing. The countries are also witnessing a fintech revolution and the financial services sector is expected to be one of the key drivers of the economies. As an AWS Financial Services Competency Partner, we can contribute significantly to these countries’ digital leap by helping businesses leverage the cloud,” Waroma added.

 

Jin Sen, Director, Solutions Architect at STACS, a Singapore-based FinTech firm commented on the achievement saying that “Cloud Comrade’s AWS Financial Services Competency is well earned, their dedication and focus on the customer as well as their professional expertise in the financial sector has enabled us to meet our operational needs. We look forward to working even closer together moving forward.”

 

“We are delighted Cloud Comrade has achieved the AWS Financial Services Competency within the AWS Partner Network program. Financial Services customers have a high bar on Security and Compliance and alignment to industry best practices. The AWS Competency Program is designed to identify, validate, and promote AWS Partners with the demonstrated AWS technical expertise and proven customer success in Financial Services. Cloud Comrade’s work with many valued Financial Services customers across ASEAN, such as STACS, has been vital in supporting the customers’ goals. Congratulations to Cloud Comrade for this achievement and we are looking forward to doing so much more together.” said Peter Murray, Head of Financial Services Industry, ASEAN, at AWS.

About Cloud Comrade

Cloud Comrade (https://cloudcomrade.com) is a Singapore-based cloud computing consultancy company with a regional footprint in Indonesia and Malaysia. The company offers a comprehensive range of services from strategy and design to deployment, migration, and management of customers’ IT infrastructure. Cloud Comrade partners with the best solution providers in the field of cloud computing and is a preferred Amazon Web Services (AWS) consulting partner in ASEAN, as well as a managed service provider for AWS, Google, and Alibaba Cloud. In January 2019, ST Telemedia (sttelemedia.com), an active strategic investor specializing in communications & media, data centers, and infrastructure technology businesses, acquired a majority stake in the company. For more information on Cloud Comrade, visit cloudcomrade.com

#CloudComrade

USAID Announces USD 2.4 Million Grant to Strengthen Covid-19 Vaccination Rollout in Laos

USAID supports Covid-19 vaccine rollout


The United States officially announced an additional USD 2.4 million grant to support the ongoing Covid-19 vaccination program in Laos.

Blancco and Dariu Seek Used Business Laptops for Thousands of Vietnamese Schoolchildren in Need

An estimated 4 million students in Vietnam lack devices while schooling at home. A new partnership aims to recapture computers and other devices that would normally be physically destroyed—and safely redeploy them instead.

HANOI, VIETNAM – Media OutReach – 30 November 2021 –  Blancco Technology Group  (LSE: BLTG) and The Dariu Foundation are urging Vietnamese businesses to save used laptops and desktops from physical destruction and instead, donate them to low-income school children and rural schools that don’t have computers.

“Because of COVID-19, the education of more than 21 million children was disrupted in Vietnam, and of these, an estimated 4 million lack devices,” said The Dariu Foundation Program Manager Lan Anh. “By working with Blancco partners and the private sector, we hope to provide 70 rural schools and 2,000 disadvantaged children with free-of-charge rental of desktops and laptops to access digital literacy education and online education.”

The industry leader in data erasure, Blancco Technology Group provides secure, regulatory-compliant sanitization software that removes all traces of data from PCs, laptops, mobile devices, and more.

It is this level of security that enables even heavily regulated enterprises, such as banks, government organizations, to repurpose their used but functional devices rather than shredding them or sending them to the landfill.

“We understand that businesses need to be very careful in how they handle personal or sensitive information,” said Blancco Vietnamese Regional Manager Quang Cao. “Data security and regulatory concerns are very real. The good news is that by completely sanitizing data from a device, businesses can operate more in line with Vietnam’s Sustainable Development Goals.”

Blancco is providing 30 free data erasure licenses to each business that donates its laptops, tablets, or PCs to The Dariu Foundation as part of this effort. Dariu will collect the equipment, conduct any repairs or upgrades, then deliver devices to schools.

Additional licenses are also available for purchase should a business contribute more than 30 devices. The license donation program will run until 31 December 2021. For more information on how to donate, contact Ms. Lan Anh at lananh@dariu.com .  

About Blancco Technology Group

Reduce Risk. Increase Efficiency. Be Sustainable. Blancco Technology Group (AIM: BLTG) provides organizations with secure, compliant, and automated solutions that accelerate the transition to the circular economy. Each year, tens of millions of Blancco erasures allow top-tier organizations to protect end-of-life data against unauthorized access, safely redeploy data storage assets, and firmly comply with increased data protection and privacy requirements. Read more about us at www.blancco.com.

#BlanccoTechnologyGroup

About The Dariu Foundation

The Dariu Foundation (TDF) was established in 2002 in Switzerland with its mission to empower low-income children with digital literacy education.

Over the past 18 years, we have advanced the mission objectives by providing access to affordable and readily available microfinance services to hundreds of thousands of rural low-income women, who are considered as unbankable, in Vietnam and Myanmar. Since 2007, we have provided +20,000 scholarships to the disadvantaged and neediest students among the poorest families in the rural areas to prevent them from dropping out of schools at an early age.

Exchange Listing, LLC Assists Advanced Human Imaging to Launch Its American Depositary Receipts on Nasdaq

Human imaging company combines smartphone technology with artificial intelligence to track fitness and predict health risks

FORT LAUDERDALE, US – News Direct – 30 November 2021 – Exchange Listing, LLC announced that its client, Advanced Human Imaging (Advanced Human Imaging or “The Company”), a rapidly growing medical technology company has commenced its listing on the Nasdaq Capital Market (“Nasdaq”) with American Depositary Receipts (“ADR’s”).

 

Based in Perth, Australia, American Human Imaging, is a cutting-edge mHealth technology enterprise that uses artificial intelligence to make human scanning possible from a smartphone.

 

The Company’s ADRs commenced trading on NASDAQ on November 19th, 2021 under the ticker symbol, (NASDAQ: AHI). The pricing of the Company’s U.S. initial public offering of 1,000,000 units is at a price to the public of US$10.50 per unit. Each unit issued in the offering consisted of two American Depositary Shares (“ADSs”) and one warrant to purchase one ADS. Each ADS offered represents 7 ordinary shares of AHI. The warrants are exercisable immediately, and expires three years from the date of issuance and have an exercise price of US$5.52 per ADS. The ADSs and warrants are immediately separable and were issued separately. Gross proceeds from the offering, before deducting underwriting discounts and commissions and other estimated offering expenses, were approximately US$10.5 million.

 

The Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 ADSs and/or up to an additional 150,000 warrants to purchase up to 150,000 ADSs at the public offering price, less underwriting discounts, and commissions.

“Exchange Listing was instrumental in our  achieving a listing on Nasdaq, the world’s most prestigious platform for emerging growth companies,” said Vlado Bosanac. “Their guidance and knowledge was immensely valuable throughout the early stages of this complex process. This important step for AHI will allow us to increase liquidity and gain exposure for the Company with institutional and retail investors in the United States.”  

 

“Clearly, Advanced Human Imaging has transformed a smartphone into a health risk assessment tool,” said Peter Goldstein, CEO, Exchange Listing. “The Company’s revolutionary technology can be used to assess and capture chronic disease risks or more simply track fitness goals in under one minute. There’s no doubt about the product’s innovation and tremendous U.S. market potential.”  



Exchange Listing provides companies with cost-effective and efficient direct access to one-stop solutions in the strategic planning and implementation of listing and up-listing on senior exchanges such as the Nasdaq or NYSE. Focusing on company-specific structuring to meet listing requirements, Exchange Listing serves as the primary point of contact with the exchange, investment bankers and lawyers throughout the listing process. With extensive experience in investment banking, securities law, corporate governance and business management, Exchange Listing and its strategic partners facilitate clients’ listing and capital markets objectives.

About Exchange Listing

Exchange Listing provides growth companies with direct access to a one-stop solution in the strategic planning and implementation of listing on a senior exchange such as NASDAQ or NYSE in a cost effective and efficient process. We assist clients in going public whether through an initial public offering, listing from another marketplace, merger or direct offering. We serve as the primary point of contact with the exchange, investment bankers, lawyers and other service providers. Our founders, strategic partners and advisors are entrepreneurs with backgrounds in investment banking, securities law, corporate governance and business management and have served as officers and directors of public and private companies. We pride ourselves in taking a hands-on role with our clients throughout the listing process. For more information, please visit: www.exchangelistingllc.com or contact info@exchangelistingllc.com.



About Advanced Human Imaging:

AHI has developed and patented a proprietary dimensioning technology that enables its users to check, track, and assess their dimensions in conjunction with known health risk indicators using only a smartphone both privately and accurately.

Our goal is to assist our partners by empowering their consumers with this capability. This in return gives our partners the ability to assess, assist, and communicate outcomes with their consumers when navigating day to day life. Whether this is a personal journey to better health, understanding the risk associated with their physical condition, tracking the changes they are experiencing through training, dieting, or under medical regimes, or simply wanting to be correctly sized for a garment when shopping online. The AHI technology delivers this seamlessly, privately, and cost-effectively in under one minute.

AHI has developed this capability by leveraging the power of Computer Vision, Machine Learning, and patented algorithms, to process the images and assessments on secure, enterprise-level infrastructure, delivering an end-to-end experience that is unrivalled in the industry. AHI simplifies the collection of measurements and removes the human error present in traditional methods.



#ExchangeListing

Artnet and the China Association of Auctioneers Publish the Global Chinese Art Auction Market Report 2020

NEW YORK, US – EQS Newswire – 29 November 2021 – Artnet, in collaboration with the China Association of Auctioneers (CAA), released the ninth edition of its global Chinese Art Auction Market Report. The report analyzes the 2020 Chinese art auction market, providing transparency to a historically opaque industry.

In 2020, amid expectations of a major market contraction, global auction sales of Chinese art and antiques decreased by only 0.5% year-over-year, generating $5.7 billion in sales. As the first country to be affected by the global health crisis, mainland China’s rapid and aggressive recovery from the pandemic garnered a total of $4.4 billion in auction sales, an impressive 15% increase from 2019. However, outside of mainland China, the market for Chinese art and antiques shrunk by almost a third.

Additional key findings in the report include:

– Asia and North America experienced declines in sales value of 31% and 44%, respectively. Meanwhile, Europe’s contraction was less severe, decreasing in sales value by 16% year-over-year but expanding in market share of lots sold from 30% in 2019 to 37% in 2020.

– 20th-Century and Contemporary Chinese art continued to show promise, with a strong performance globally. Total sales for the category in mainland China expanded by 31% year-over-year, reaching a 9-year high. Overseas, the average price for the category reached $244k, an impressive 10-year peak.

– The number of lots sold for Fine Chinese Paintings and Calligraphy in mainland China reached an 11-year low in 2020. Overseas, the market for the category halved, as both the volume of lots offered and sold shrunk by 50% year-over-year.

– Payment default remains an ongoing issue in mainland China. As of May 15, 2021, the percentage of total sales value paid for lots sold in 2020 dropped to 47%. For high-priced lots, where partial and delayed payments are common, the percentage of lots sold dropped to 34% in 2020.

About Artnet

With 24/7 worldwide bidding, Artnet Auctions is the leading online-only marketplace for buying and selling fine art. New bidders, buyers, and consignors across categories, geographies, and demographics entrust Artnet Auctions with their needs. More artworks are offered and traded digitally than ever before and Artnet Auctions’ efficiency, digitally native operation, quick turnaround, and continuous sales throughout the year are unmatched in the industry. The auction platform allows for immediate transactions, with a seamless flow between sellers, specialists, and collectors. Complementing the online auctions, Artnet is the leading resource for researching art online. Founded in 1989, Artnet’s suite of industry-leading products has revolutionized the way people discover and collect art today. The Price Database contains more than 14 million auction results from 1,900 auction houses dating back to 1985, providing an unparalleled level of transparency to the art market. The Gallery Network platform connects leading galleries with collectors from around the world, offering the most comprehensive overview of artworks for sale. Artnet News covers the events, trends, and people shaping the global art market with up -to-the-minute analysis and expert commentary.
Artnet AG is listed in the Prime Standard of the Frankfurt Stock Exchange, the segment with the highest transparency standards.

ISIN: DE000A1K0375
LEI: 391200SHGPEDTRIC0X31

#Artnet

About CAA
Established in 1995, the China Association of Auctioneers (CAA) is the only national association of the auction industry in China. The CAA is involved in regulating and supervising registered auction houses according to the laws outlined in the Auction Law of the People’s Republic of China.

Tian Lun Gas appointed Ms. Qin Ling as an Executive Director and the General Manager

HONG KONG SAR – Media OutReach – 29 November 2021 – Tian Lun Gas Holdings Limited (1600.HK) (“Tian Lun Gas” or the “Company“, together with its subsidiaries, the “Group“) announced that  Ms. Qin Ling (“Ms. Qin“) has been appointed as an executive Director and the general manager of the company with effect from 29 November 2021. With her extensive industry knowledge and corporate governance experience, the group will lead the way forward and help the Group to achieve new breakthroughs in its business.

 

Ms. Qin Ling is currently the director and vice president of Henan Tian Lun Investment Holdings Group Limited* (河南省天倫投資控股集團有限公司), a company controlled by Mr. Zhang Yingcen, the ultimately controlling Shareholder of the Company. From April 2019 to May 2021, Ms. Qin served as a vice president of Tus Environmental Science and Technology Development Co., Ltd, the shares of which are listed on the Shenzhen Stock Exchange (stock code: 000826.SZ). From January 2018 to April 2019, Ms. Qin served as an executive vice president of CMIG New Energy Investment Co., Ltd. From April 2007 to January 2018, Ms. Qin served as an executive vice president of ENN Group Co. Ltd* (新奧集團股份有限公司), a vice president of ENN Smart Energy Group* (新奥智能能源集團) and a deputy general manager of ENN energy services Co., Ltd., etc. From August 2005 to April 2007, Ms. Qin worked as the manager of the Transportation Data Analysis Center at the National Center of ITS Engineering & Technology* (國家智能交通系統工程技術研究中心).

 

The Board of Tian Lun Gas welcomes Ms. Qin on her new appointment, and Mr. Zhang Yingcen, the Chairman and Executive Director of Tian Lun Gas Holdings Limited, said, “Ms. Qin has many years of experience in the field of new energy and natural gas and has a long and active role in the industry. With the formulation of the development strategic plan and objectives of Tian Lun Gas for the next three years (2022-2024), the Group believes that Ms. Qin’s in-depth knowledge of the gas industry and China market will help the Group achieve greater success in the gas business and lead the Group towards the goal of becoming a “China’s first-class supplier and service provider for green low-carbon energy.” with a broader vision.”

 

About Tian Lun Gas Holdings Limited (Stock Code: 1600.HK):

Tian Lun Gas Holdings Limited is one of the early private enterprises engaged in urban gas business in China. The Group’s main business covers urban gas operation, long-haul transmission pipelines and industrial direct supply business, gas filling stations and LNG plant business. Tian Lun Gas was listed on the Main Board of the Hong Kong Stock Exchange on 10 November 2010. After 11 years of vigorous expansion, Tian Lun Gas has rapidly grown from a regional urban gas company rooted in Henan to one of the major gas operators and distributors with the most growth potential layout in important provinces across the country. Currently, Tian Lun Gas has 69 urban gas projects in 16 provinces in China. Tian Lun Gas was selected in the Shenzhen-Hong Kong Stock Connect (港股通), as well as selected as a constituent stock of the Hang Seng Index and included in MSCI in 2019.

#TianLunGas

Tian Lun Gas Announces New Development Strategy Plans for The Next Three Years and; Entering Into of a Strategic Cooperation Agreement With SPIC Henan Electric Power

HONG KONG SAR – Media OutReach – 29 November 2021 – Tian Lun Gas Holdings Limited (1600.HK) (“Tian Lun Gas” or the “Company“, together with its subsidiaries, the “Group“) announced the new development strategy plans and goals for the next three years, with gas business as the core, to become China’s first-class supplier and service provider for green low-carbon energy. At the same time, the Group also announced it has entered into a strategic cooperation agreement (“Agreement“) with the SPIC Henan Electric Power Co., Ltd. (“SPIC Henan“), through resource sharing and complementary advantages, the two parties will enhance their core competitiveness, provide multi-category smart energy services to more end customers, and create more social benefits and commercial value.

 

In order to conform to the market trends and assist in China’s carbon peak and carbon neutral goals, the Board of directors of the Company has recently formulated the Company’s development strategy plans and goals for the next three years (2022-2024) based on the current conditions and development trends of the energy industry. Through business expansion and innovation with gas business as the core, the Company will further expanding and innovating low-carbon energy business, aiming to become China’s first-class supplier and service provider for green low-carbon energy. The strategic outline for the next three years will following below five major directions:

 

1.    The Company strives to explore industrial and commercial users by being user-centric to strengthen continuous and deep understanding of users’ energy needs and characteristics. Through adopting flexible pricing policies, providing users with low-carbon integrated energy services, energy-saving services, and other methods, it will be able to reduce costs, increase efficiency, reduce carbon emissions, increase customer stickiness, and widen the user base. Meanwhile, key measures such as increasing clean heating for residents, educating township users in consuming gas, and expanding business to industrial parks and surrounding townships will accelerate the growth of individual households and total gas consumption for existing projects. In terms of gas source optimisation, various measures such as strengthening upstream cooperation, achieving pipeline interconnection, and reinforcing deployment of gas storage will enhance the competitiveness of gas sources and boost the high-quality endogenous growth of the gas business.

 

2.    The Company will seize important integration opportunities derived from the industry in the next few years, take advantage of Tian Lun Gas’s high-quality and efficient mergers and acquisitions, and focus on key areas (neighbouring regions of provincial capitals, industrial transfer, areas for upgrading natural gas consumption, and gas source production and gathering areas), to obtain high-quality projects (with a high proportion of gas sales profits, a high proportion of industrial and commercial users, and great development potential), thereby achieving regional synergy. Meanwhile, the Company will optimise the investment management mechanism and mobilize all involving parties to facilitate high-quality mergers and acquisitions of the gas business.

 

3.    The Company plans to strengthen innovative business development in the next three years, and such revenue is expected to account for 10% of the Group’s overall revenue by 2024. In terms of low-carbon energy services, we will customize our promotion on natural gas, photovoltaics, wind energy, geothermal energy, biomass energy, energy storage, hydrogen energy and others in a flexible manner depending on the different energy needs of urban and township users as well as resource quality so as to cater for the locals. In terms of safety and health services, in response to different consumption needs and consumption habits of the users from both cities and townships, the combination of self-owned brands and cross-industry alliances is cultivated to provide users with gas safety value-added services, smart manufacturing of safe and healthy products and living services, etc., thereby improving customer conversion rate and ARPU value (average income per household), and increasing customer stickiness.

 

4.    Through achieving the endogenous exploration of gas stock business as well as high-quality extensional mergers and acquisitions, the Company expects to achieve the goal of not less than 25% annual compound growth in overall retail gas sales in the next three years (2022-2024). Meanwhile, achieving a rapid increase in the proportion of revenue from gas sales, value-added services and innovative businesses is able to boost the Company’s sustainable development.

 

5.    With the growth being guaranteed, the Company will continue to enhance safety management, improve the safety structure of Business Division and its member companies, strengthen the safe operation of equipment, optimise the production environment, and strengthen management methods and safety promotion. Meanwhile, the Company plans to continuously implement comprehensive improvement plans for environemental protection, social responsibility and corporate governance (ESG), in order to strengthen the implementaion of core development concept in relation to sustainable development as well as fully deploy its business characteristics (i.e. environemental protection), demonstrating full support to the United Nations Sustainable Development Goals. In terms of operation, we actively implement the action plans for “carbon peak” and “carbon neutrality”, and offer long-term commitment to support and achieve sustainable development goals in development strategies and business operations, as well as promote the high-quality development of the Company.

 

At the same time, the Company has recently entered into a strategic cooperation agreement with SPIC Henan Electric Power Co., Ltd. The two parties agree to promote the national dual-carbon policy, rural revitalization, common prosperity and the ecological protection and high-quality development in the Yellow River Basin on the premise of fulfilling their respective development concepts, and to coordinate their respective advantageous resources to jointly focus on the fields of green and low-carbon energy, green and low-carbon industry, green and low-carbon urban and rural construction, green and low-carbon transportation, and circular development of industrial parks. The two parties will create a win-win and sustainable strategic partnership. The main contents of the agreement are set out as follows:

 

1.    Integrating the photovoltaic resources available to both parties, the two parties will jointly develop, construct, and operate various photovoltaic projects, making full use of their respective investment, financing and operational advantages in the field of clean energy, and strengthening resource integration and optimal allocation. Combing the “14th Five-Year Plan” and the county-wide photovoltaic promotion policy, the two parties will select suitable areas (including but not limited to Henan, Gansu, Shaanxi, Yunnan) to carry out various development projects, such as county-wide rooftop distributed photovoltaic, industrial and commercial distributed photovoltaic, household photovoltaic, agricultural photovoltaic, wind power, energy storage and biomass gas, demonstrating the comprehensive application of multiple energy sources with innovation, and creating a new energy system based on clean energy.

 

2.    Based on their own technological advantages and market resource advantages, the two parties will jointly carry out the development of smart energy and energy-saving transformation projects, especially in the energy-intensive industries, such as the petroleum, coal and other fuel processing industries, chemical raw materials and chemical products manufacturing industries, non-metallic mineral products industry, ferrous metal smelting and rolling processing industry, and non-ferrous metal smelting and rolling processing industry.

 

3.    The two parties will deepen the application of clean energy in buildings and jointly promote the integrated market application of photovoltaic power generation and building energy supply. The two parties will jointly develop clean heating projects and choose clean and low-carbon heating methods such as residual heating, biomass energy, geothermal energy, solar energy, and gas air source heat pumps according to the local conditions. The Company will cooperate with SPIC to actively promote the construction of smart energy cities, the construction of the clean energy exemplary counties, and the rural energy revolution pilot projects. The Company will use its rich natural gas market advantages and experience in development, construction and operation to jointly improve the design and optimization of the plan, and will execute the exemplary projects of the rural energy revolution and smart energy city with distributed, renewable and intelligentized approaches.

 

4.    SPIC will exert its advantage in hydrogen energy technology. The Company, based on its existing gas filling stations, will use the “hydrogen energy exemplary city” as an opportunity to upgrade the energy supply of its existing gas filling stations. At the same time, with the help of photovoltaic technology, the gas filling station will be transformed into a smart charging station integrating light, storage, charging and parking, which promotes the green development of urban transportation.

 

5.    The two parties will give priority to the circular development of the industrial parks in the Company’s business area, which promotes the comprehensive utilization of waste and energy cascade utilization, and the reuse of residual industrial heat, waste gas, waste liquid and waste residue. The two parties will focus on typical integrated smart energy application scenarios such as smart towns, smart parks, and smart buildings, and jointly develop and construct comprehensive smart energy projects in industrial parks, universities, transportation hubs, hospitals, etc., so as to create a “smart, green, low-carbon, and efficient” exemplary base for comprehensive energy service.

 

SPIC Henan Electric Power Co., Ltd. is a wholly-owned subsidiary of State Power Investment Corporation Limited. The installed capacity of SPIC Henan Electric Power reaches 9.7357 million kW, and the installed capacity of clean energy exceeds 2.9187 million kW, accounting for 30% of the total installed capacity. The total annual power generation exceeds 30 billion kWh, and it is the most promising comprehensive energy supplier in Henan Province.

 

Mr. Zhang Yingcen, the Chairman and Executive Director of Tian Lun Gas Holdings Limited, said, “Under the context of the “dual carbon” goals advocated by the PRC government, it is imperative to adjust the energy structure and promote low-carbon and zero-carbon energy. The three-year development strategy plan and goal set by the group will continue through business extension and innovation to achieve the corporate mission of “Develop clean energies, improve the living environment”. SPIC is an important clean energy provider and the most promising integrated energy supplier in Henan, and Tian Lun Gas has accumulated a large number of users in Henan and 16 other provinces across the country via nearly two decades of gas operation. Through resource sharing and complementary advantages, the two parties will enhance their core competitiveness and provide multi-category smart energy services to more end customers.”

About Tian Lun Gas Holdings Limited (Stock Code: 1600.HK):

Tian Lun Gas Holdings Limited is one of the early private enterprises engaged in urban gas business in China. The Group’s main business covers urban gas operation, long-haul transmission pipelines and industrial direct supply business, gas filling stations and LNG plant business. Tian Lun Gas was listed on the Main Board of the Hong Kong Stock Exchange on 10 November 2010. After 11 years of vigorous expansion, Tian Lun Gas has rapidly grown from a regional urban gas company rooted in Henan to one of the major gas operators and distributors with the most growth potential layout in important provinces across the country. Currently, Tian Lun Gas has 69 urban gas projects in 16 provinces in China. Tian Lun Gas was selected in the Shenzhen-Hong Kong Stock Connect (港股通), as well as selected as a constituent stock of the Hang Seng Index and included in MSCI in 2019.

#TianLunGas