After a visit to the ruins of the Garden in 1994, Ronnie decided to support the restoration of the Garden and established the China Heritage Fund (“CHF”) in Hong Kong. As the Founding Chair of CHF, Ronnie formally offered to fully support the reconstruction of the Garden in 1997. Site work officially started in 2000, and this first large-scale construction project in the Forbidden City was successfully completed in 2005, restoring the Garden to its former glory. CHF has since undertaken two additional major projects within the Forbidden City, the reconstruction of the Hall of Rectitude and conservation of the Hall of Mental Cultivation.

As Ronnie said, “The destruction of a nation’s cultural heritage reflects the country’s decline and turmoil, but its restoration is a sure sign of the country’s rise and prosperity. The importance of cultural heritage sites and historic buildings lies in the fact that they witnessed our historical, cultural and social journey from the past to the present. I am deeply honored to be able to participate in the reconstruction of the Garden of the Palace of Established Happiness and the Hall of Rectitude, and I am proud that we have helped to bring modern management into the Forbidden City. Through this sharing session, I hope our colleagues can develop a deeper understanding of the Company’s philosophy toward the restoration and conservation of cultural artifacts. We encourage our colleagues to continue implementing the core values of “sustainability” and “excellence” in their work, while we also hope to stimulate their interest in exploring Chinese history and to propagate traditional Chinese culture.”

Cultural conservation is an important part of sustainable development. Under the leadership of Ronnie, Hang Lung is committed to making its best efforts to restore, preserve and integrate historic elements during the process of developing commercial projects, with examples including the Zhejiang Xingye Bank Building at Riverside 66, Tianjin, Chenghuang Temple at phase 1 of Center 66, Wuxi and the former residence of Zhang Xiaocheng at the Curio Collection by Hilton at phase 2 of Center 66, Wuxi. Hang Lung strives to strike a balance between preserving local cultural heritage and injecting new vitality into the local community by revitalizing historic buildings to fulfill the Company’s vision of “creating compelling spaces that enrich lives”.

Wellbeing is one of the four priorities in Hang Lung’s sustainability framework, covering the health and safety of employees, as well as the establishment of a sustainable workforce through continued learning and development. Hang Lung regularly organizes various forward-looking employee training programs, including the INSIGHT webinar series, Leadership Development Program, and LinkedIn Learning. These allow our employees to make use of the current training subsidy policy and choose the learning resources that meet their own development needs, anytime and anywhere. The recent employee sharing session is one example of Hang Lung’s efforts to promote the all-round development of the Company and its people.

Hashtag: #HangLung

About Hang Lung Properties

Hang Lung Properties Limited (SEHK 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.

• DHL Trade Growth Atlas maps the most important trends in global trade

• ŸInternational trade in goods has surged to as high as 10% above levels before the Covid-19 pandemic

• ŸDespite the war in Ukraine, trade is projected to grow faster in 2022 and 2023 than it did over the previous decade

• ŸNew trade growth leaders emerging in Southeast and South Asia; Sub-Saharan Africa’s exports to accelerate dramatically

• ŸViet Nam, India, and the Philippines stand out on both speed and scale of projected trade growth through 2026

SINGAPORE – Media OutReach – 16 September 2022 – DHL and NYU Stern School of Business have published the new DHL Trade Growth Atlas, which maps the most important trends and prospects of global trade in goods. The report covers 173 countries, providing valuable business intelligence for policymakers and industry leaders. It shines a positive light on the resilience of global trade – despite recent shocks and market pessimism.

“Our aim is for the DHL Trade Growth Atlas to become a go-to resource for understanding and navigating shifts in the global trade landscape. Trade will remain a key driver of prosperity – as it has been for centuries. In the current global business environment, DHL can help customers rethink certain supply chains, basing them on a sensible trade-off between cost and risk so that they are both efficient and secure. As the world’s leading logistics provider, we offer solutions for all logistics requirements, and have proven to provide stable and reliable services even in volatile market environments,” says John Pearson, CEO of DHL Express.

International trade is considered especially important in the present context because of its power to accelerate economic growth, reduce inflation, and enable countries and companies to access multiple sources of key inputs.

Key Take-Aways: Growth, Shifts, and Opportunities

The DHL Trade Growth Atlas also measures changes in countries’ and regions’ shares of world trade. Among the key take-aways:

• The Covid-19 pandemic has not been the major setback for global trade that many anticipated: International trade in goods has surged as high as 10% above pre-pandemic levels, even in the face of significant supply bottlenecks that constrained further growth.
• Prospects for future trade growth remain surprisingly positive: Due to the war in Ukraine, trade growth forecasts have been downgraded, but they still call for trade to grow slightly faster in 2022 and 2023 than it did over the preceding decade.
• E-commerce sales boomed during the pandemic and forecasts point to strong cross-border e-commerce growth continuing.
• New poles of trade growth are identified in Southeast and South Asia, and trade growth is expected to accelerate dramatically in Sub-Saharan Africa.
• Trade growth is spread across a wider variety of countries: China accounted for a quarter of trade growth in recent years and is predicted to continue to have the largest growth, but its share is likely to fall by half, to 13 percent.
• Viet Nam, India, and the Philippines stand out on both speed and scale of projected trade growth through 2026. All three have potential to benefit from efforts by many companies to diversify China-centric production and sourcing strategies.
• While emerging economies increased their shares of world trade from 24 to 40 percent between 2000 and 2012, with half of the increase driven by China alone, these shares have barely changed over the past decade.
• However, emerging economies continue to race forward on measures of connectivity, innovation, and leading companies. They are becoming more important exporters of sophisticated manufactured products, and increasingly compete not only on low costs, but also on innovation and quality.

Understanding Global Trade and its Opportunities

The DHL Trade Growth Atlas examines global trade growth trends, geographic shifts, the mix of products traded, and broader changes in the business environment. It analyzes trade in goods worldwide, by region, for advanced vs. emerging economies, and across 173 countries. The report features concise one-page summaries for each of these countries. The countries covered comprise more than 99% of world trade, GDP, and population.

“We have sought to distill the most important data on the state and trajectory of global trade and to bring the data to life in maps, charts, and other visual content. The results show how there are still large trade growth opportunities in both advanced and emerging economies and in regions around the world. The trade landscape is shifting and presenting new challenges, but this report strongly rebuts predictions of a major retreat from global trade,” says Steven Altman, Senior Research Scholar and Director of the DHL Initiative on Globalization at NYU Stern’s Center for the Future of Management.

The DHL Trade Growth Atlas complements the established DHL Global Connectedness Index series. While the DHL Trade Growth Atlas provides a special deep dive on global trade in goods, the DHL Global Connectedness Index, published regularly since 2011, analyzes the broader phenomenon of globalization – based on trade in goods and services, as well as worldwide flows of capital, people, and information. Both reports help pinpoint promising business opportunities, and support fact-based debates about trade and globalization.

Note to Editor:

• Download the DHL Trade Growth Atlas and other materials here

You can find the press release for download as well as further information on dpdhl.com/pressreleases

Hashtag: #DHL

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 net-zero emissions logistics by 2050.

New York University Stern School of Business, located in the heart of Greenwich Village and deeply connected with the City for which it is named, is one of the United States’ premier management education schools and research centers. NYU Stern offers a broad portfolio of transformational programs at the graduate, undergraduate, and executive levels, all of them enriched by the dynamism and deep resources of one of the world’s business capitals. NYU Stern is a welcoming community that inspires its members to embrace and lead change in a rapidly transforming world. Visit www.stern.nyu.edu.

On the Internet: dpdhl.de/press
Follow us at: twitter.com/DeutschePostDHL

• Joint venture to raise funds of up to USD10 million, which NEFIN Group has committed to invest 90%, to develop, construct, and operate renewable energy projects, with capacity of approximately 15MWp, with a focus on solar energy generation, in Singapore and Malaysia

• The Group expects green energy generated from 15MWp solar projects will generate approximately 18,000 MWh per year, the equivalent of powering more than 5,000 three-room flats for an entire year, and reduce approximately 340,000 tonnes of carbon dioxide over project lifespan, equivalent to planting more than 644,000 trees

• Hatten Energy has a current project pipeline of 10MWp, expecting to gain revenue from the supply of clean energy and generation of Renewable Energy Certificates (“RECs”)

• Hatten Energy’s wholly-owned subsidiary, Hatten Renewable Assets Pte Ltd, signs agreement with Trend Technologies Singapore to construct, operate and maintain a 440.9 kilowatt-peak (kWp) grid-connected rooftop solar PV power system at Trend Technologies’ premises located at Tuas, Singapore for a duration of 21 years

SINGAPORE, MELAKA, MALAYSIA – Media OutReach – 16 September 2022 – Hatten Land Limited (惠胜置地有限公司) (“Hatten Land“, “Company“, and together with its subsidiaries, the “Group“) is pleased to share that its wholly-owned subsidiary, Hatten Edge Pte. Ltd. (“Hatten Edge“), has entered into a joint venture agreement with NEFIN Pte. Ltd. to develop, construct, and operate renewable energy projects, with a focus on solar energy generation, in Singapore and Malaysia.

NEFIN Pte. Ltd is part of NEFIN Group (“NEFIN Group“), a premium green independent power producer (IPP) offering bespoke carbon neutral technologies & financing solutions in Asia Pacific. NEFIN Group, funded by ACEN Corp., has collectively installed over 3,400 MW of utility-scale, commercial and industrial renewable energy systems. ACEN is listed in the Philippines (PSE: ACEN) and is part of the Ayala Corporation, one of the largest conglomerates in Philippines.

With its regional and multidisciplinary team, NEFIN Group offers comprehensive assessments and a full-suite of services to evaluate the ESG impact and commercial viability of projects through innovative approaches to technology under its unified energy management platform. The team is committed to the global climate goals and aims to accelerate the decarbonisation of our client portfolios. Please refer to NEFIN Group’s website www.nefinco.com for more information.

Under the joint venture agreement, there is a funding target of USD10 million and NEFIN Group has committed to invest 90% of the USD10 million as well as undertake the primary role of funding, fund raising support and establishing governance controls in relation to projects undertaken by the joint venture. Hatten Edge will take on the primary role of developer, operator, and manager of the renewable energy projects under the joint venture.

The USD10 million raised will be invested by the Group to develop, construct, and operate renewable energy projects, with capacity of approximately 15MWp, with a focus on solar energy generation, in Singapore and Malaysia. The Group expects green energy generated from 15MWp solar projects will generate approximately 18,000 MWh per year, the equivalent of powering more than 5,000 three-room flats for an entire year, and reduce approximately 340,000 tonnes of carbon dioxide over project lifespan, equivalent to planting more than 644,000 trees.

Since the launch of its strategic pivot in late 2021, the Group has been proactively exploring new renewable energy projects in Singapore and Malaysia. Hatten Energy Holdings Pte. Ltd. (“Hatten Energy”) was established as a project development, investment and operation company specializing in renewable energy projects in Asia, with a focus in Singapore and Malaysia.

Enabling enterprises to accelerate their transition towards solar energy adoption with no up-front cost, Hatten Energy will design, finance, and install solar PV systems at the premises of business owners while the latter purchases electricity generated from the solar PV system for their own consumption at a rate generally lower than usual rates of electricity distribution providers for an agreed duration under a Power Purchase Agreement (“PPA“).

Hatten Energy will own, operate, and maintain the solar PV systems, supplying and selling clean electricity to businesses for a contract period of typically 15 years to 20 years under the PPA.

In addition, Hatten Energy can generate RECs from the solar PV systems, thereby creating another revenue and cash flow stream for the business. RECs are market-based instruments substantiating that electricity has been generated from renewable energy sources. Hatten Energy has a current project pipeline of 10MWp.

Mr. Chong Bor Hung, NEFIN Group’s Head of Business Development and Managing Director (Malaysia), added: “NEFIN is determined to expand further into the Southeast Asia market as there is great potential with many governments and large corporations stepping up on their green plans and injecting funds into renewable energy.

One of the keys to our sustained growth is strategic partnerships. We provide funding and corporate support for our partners, including MNCs and public listed companies throughout APAC, to help them grow and achieve their renewable energy goals.

Hatten Energy is working exclusively with NEFIN and we are confident that more projects will be secured in Singapore and Malaysia in the upcoming months with Trend Technologies Singapore being the first to kickstart this joint partnership.“

Mr Reik Ong, General Manager of Hatten Energy, concluded: “With sustained high prices of fossil fuels, lower costs of solar PV photovoltaics (PV) and a greater emphasis on ESG, there are stronger value propositions and better cost efficiencies for a wider adoption of solar energy as energy demand continues to rise.

We see growing interest from enterprises in Southeast Asia on solar energy adoption and together with NEFIN Group, we are fully ready to support their growing need for green energy and reduce their dependence on fossil fuels.”

Signs PPA with Trend Technologies Singapore to Supply and Sell Solar Energy for 21 years

More recently, Hatten Renewable Assets Pte Ltd (“HRA“) has entered into a PPA with Trend Technologies Singapore Pte. Ltd. (“Trend Technologies Singapore”), where Trend Technologies Singapore will purchase the electricity for 21 years generated from the rooftop solar PV power system installed and developed by HRA.

Trend Technologies Singapore is part of Trend Technologies, a vertically integrated mechanical solutions provider specializing in the areas of metal stamping, metal fabrication and injection molding. With 10 facilities in 9 countries, Trend Technologies’ diverse customer base includes some of the most recognized Fortune 500 companies in the world. For more information on Trend Technologies, please visit the website www.trendtechnologies.com.

Increasing Role of Renewables amidst the Growing Demand for Energy Demand in Southeast Asia

According to International Energy Agency’s Southeast Asia Energy Outlook 2022, energy demand in Southeast Asia has increased on average by around 3% a year over the past two decades, and this trend continues to 2030 under today’s policy settings⁽¹⁾.

With electricity demand expected to grow rapidly in the coming decades in Southeast Asia, an increasing share will be met by variable renewable sources. Between 2016 and 2020, annual average energy investment in Southeast Asia was around USD70 billion, of which around 40% went to clean energy technologies – mostly solar photovoltaics (“PV“), wind and grids⁽¹⁾.

In Singapore, solar energy is the most promising renewable energy source and Singapore’s Energy Market Authority aims to deploy at least 2 gigawatt-peak (GWp) of solar energy by 2030. This is equivalent to powering about 350,000 households for a year⁽²⁾.

In Malaysia, the government’s renewable target for 2025 has risen from 20 per cent in the 2018 National Energy Plan to 31 per cent in its recent Twelfth Malaysia Plan. Its aim to have 31 per cent of total power capacity come from renewables is supported by strong solar power growth, said Fitch Solutions Country Risk and Industry Research⁽³⁾.

Note: This press release is to be read in conjunction with the SGX announcement released on the same date.

(1) https://iea.blob.core.windows.net/assets/e5d9b7ff-559b-4dc3-8faa-42381f80ce2e/SoutheastAsiaEnergyOutlook2022.pdf
(2) https://www.ema.gov.sg/media_release.aspx?news_sid=20211025JxngSPJ9UClo
(3) https://bit.ly/3dkdbM2

Hashtag: #NEFIN

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

About NEFIN Group

NEFIN is a premium green independent power producer (IPP) offering bespoke carbon neutral technologies & financing solutions in Asia Pacific. NEFIN, funded by ACEN Corp., has collectively installed over 3,400 MW of utility-scale, commercial and industrial renewable energy systems. ACEN is listed in the Philippines (PSE: ACEN) and is part of the Ayala Corporation, one of the largest conglomerates in Philippines, founded by the Ayala family in 1834. With its regional and multidisciplinary team, NEFIN offers comprehensive assessments and a full-suite of services to evaluate the ESG impact and commercial viability of projects through innovative approaches to technology under its unified energy management platform.

With a mission of “Achieving Carbon Neutrality for You”, NEFIN is committed to the global climate goals and aims to accelerate the decarbonisation of our client portfolios. NEFIN believes the future of the world is everyone’s responsibility and strives to redefine energy boundaries towards a sustainable future. Please refer to NEFIN’s website www.nefinco.com for more information and follow us at https://www.linkedin.com/company/nefin/.

About Hatten Land Limited

Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.

To potentially enhance the value of its physical assets as well as create digital assets at the same time, with sustainability efforts in mind, the Group’s new business strategies is to re-purpose the Group’s physical assets, in particular its malls, by identifying new uses, including but not limited to co-sharing office spaces, talent innovation hub, education-related activities, cinema operations, crypto mining and renewable energy activities.

The Group has obtained shareholders’ approval to diversify its business to include renewable energy, physical-digital malls, cryptocurrency mining and the Metaverse via an extraordinary general meeting on 30 December 2021.

With the various digital and renewable initiatives announced by the Group, there are opportunities for the Group to enter into new markets offering new business opportunities which would potentially provide additional and recurrent revenue streams and assist in continual growth of the Group.

Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited.

For more information, please visit: www.hattenland.com.sg