The Book Bazaar will be held for 14 days at the Blue Room, and the Activity programme will be held at the Living Room of The Arts House. It will be a hybrid event with new book launches, book sharing, meeting of authors, panel discussions and publishers’ talk show curated for the consumers in mind. At the same time, online book sales are platformed on www.lazada.sg , you can also enjoy the event online that would be live-streamed with the help of our production team, Muse Pte Ltd.

The Living Room will be used as the studio production and host the LIVE audiences. The programme includes the opening ceremony, joint book launches and TV launch, book sharing and discussions whereby the Blue Room would be showcasing the participating publishers’ Sing Lit books.

Details for the event:

PHYSICAL VENUE:
The Arts House
1 Old Parliament Lane
Opening Hours: 11 am till 6 pm

VIRTUAL SITE:
www.bookbazaar.sg

ADMISSION:
Free Admission via Eventbrite

Eventbrite Link for registration: https://singapore-literature-book-bazaar.eventbrite.sg/

Entry is free for the Book Bazaar in the Blue Room and the activity in the Living Room. However, the visitors and the attendees would be required to register the E-Tickets for access on Eventbrite.sg. All events and activities will be live-streamed on SBPA’s Facebook page and YouTube channel.

We have 12 leading publishers and booksellers participating in the Singapore Literature Book Bazaar 2022. They are Armour Publishing, Asiapac Books, Ethos Books, Experiences and Experiments Books, Jsim Education, Kitaab International, Landmark Books, NUS Press Singapore, Pustaka Islamiyah, Pustaka Nasional, TrendLit Publishing and World Scientific Publishing.

Exhibition panels by our publishers will be on display in the Blue Room, and QR codes allow visitors to scan and buy books.

Furthermore, a series of attractive promotions will be offered for consumers to grab. The offers include E-vouchers, ‘Spin & Win’, gifts with purchase; terms and conditions apply. Textures Road Show by The Arts House will be promoting this book bazaar via flyers with a QR code to redeem free Sing Lit books at the Book Bazaar. The free Sing Lit books are limited to the first 100 walk-in guests.

More information on the agenda can be found: https://www.singaporebookpublishers.sg/page/BookBazaar

BACKGROUND ON SING LIT: READ OUR WORLD

SING LIT: READ OUR WORLD is an industry-led movement to celebrate stories from Singapore. Advocating ‘Buy Local, Read Our World’, home-grown book publishers, retailers and literary non-profits have come together to encourage more people to discover and embrace Singapore’s literature.

For more information: https://singlit.world/

ABOUT THE SINGAPORE LITERATURE BOOK BAZAAR

The Singapore Literature Book Bazaar’s mission is to encourage appreciation of the Singapore literary community amongst young and working adults.

ABOUT SINGAPORE BOOK PUBLISHERS ASSOCIATION

Established in 1968, the Singapore Book Publishers Association represents the interests of Singapore publishers engaged in a wide range of publishing, marketing and distribution activities in both print and digital formats. It focuses on developing and strengthening the book ecosystem in Singapore. SBPA member companies contribute some S$1.7 billion each year to the Singapore economy. For more information, please visit: https://www.singaporebookpublishers.sg

LINK ADDRESS:

FACEBOOK https://www.facebook.com/sbpa.sg/

YOUTUBE https://www.youtube.com/channel/UCd33jSR6MGz6yGDVYDjwjog

WEBSITE https://www.singaporebookpublishers.sg/

“Global Footprint”, “Region for Region Manufacturing” and “Dual Source Production” Strategies to Grasp Opportunities in Post-Pandemic Era

HONG KONG SAR – Media OutReach – 10 March 2022 – Impro Precision Industries Limited (“Impro ” or the “Group”) (Stock Code: 1286), a world-leading manufacturer of high-precision, high-complexity and mission-critical casting and machined components, has today announced its annual results for the year ended 31 December 2021.

In 2021, volatile epidemic situation of the novel coronavirus has cast a shadow on global economy recovery. However, the Group has seen a strong recovery in certain segment end-markets, such as commercial vehicle, hydraulic equipment, construction equipment, agricultural equipment, recreational boat and vehicle, and the revenue in these end-markets has even exceeded the highest level in history. During the year, the revenue of the Group amounted to HK$3,777.7 million, representing an increase of 29.2% as compared to last year. The Company recorded a net profit attributable to shareholders of the Company of HK$382.8 million and basic earnings per share of HK20.3 cents. The adjusted profit attributable to Shareholders of the Company amounted to HK$422.2 million, representing a year-on-year increase of 34.7%. The Group resolved to declare a second interim dividend of 2021 of 7.2 HK cents per share. Along with the first interim dividend of 2.9 HK cents per share, dividend for the year amounted to 10.1 HK cents per share, representing an increase of 140.5% as compared to 4.2 HK cents per share in last year.

Regarding the automotive end markets, as a result of the substantial increase in demand for commercial vehicle components in North America and Europe, automotive components revenue reached HK$1,723.3 million, representing a year-on-year increase of 23.6%. Revenue from commercial vehicle components increased by 43.6% year-on-year to HK$755.0 million. Moreover, the Group has successfully developed various new energy vehicle parts and surface treatment services for certain manufacturers of new energy vehicles. Revenue in relation to new energy vehicles exceeded HK$30 million, representing a year-on-year increase of over 3.3 times.。

During the year, the industrial and others end-market also performed well. Revenue rose by 39.0% year-on-year to HK$1,748.6 million, reaching a historical high level. Among which, revenue from hydraulic equipment business increased by 61.4% year-on-year to HK$399.9 million, mainly due to the Group’s business development with new customers in the hydraulic market in the PRC last year, as well as the increased demand in the US as a result of the increased investment in infrastructure projects launched by the US government, resulting a strong demand for products in this end-market. Sales of construction equipment and agricultural equipment has been benefited from the North American market and the additional revenue of new models this year, thus increased significantly by 55.1% and 57.3% to HK$276.0 million and HK$254.0 million respectively. Driven by the “staycation” and the new products and new opportunities in health and sports trends, revenue from the recreational boat and vehicle end market increased by 50.6% year-on-year to HK$188.1 million. Against the backdrop of global pandemic and power restrictions in the PRC, market demand for distributed power engines increased. As a result, sales of high horsepower engines increased rapidly by 56.0% during the second half of the year, and for the full year 2021, the growth rate was 22.2%.

The number of newly developed aerospace SKUs of the Group in 2021 increased by 54.7% year-on-year to 215 units, reaching a record high. Due to the continuous impact of the pandemic, international travel in the aerospace industry remained at a “near halt” in 2021, resulting in a slight increase of 5.5% in product sales revenue in the related aerospace end-market as compared to last year. With the gradual recovery of the aerospace business market, it is expected that the business in the aerospace segment will likely show a more significant recovery in 2022. The medical end-market was benefited from the recovery of customer demand, with revenue increased by 25.8% during the year.

The Group adheres to the strategies of “Global Footprint” , “Region for Region Manufacturing” and “Dual Source Production” and has constructed the Mexico SLP Campus, its North American production base in Mexico, to serve a range of end markets in North America including automotive, construction equipment, agricultural equipment, high horsepower engine, hydraulic equipment and aerospace medical. The sand casting plant and the precision machining plant of Mexico SLP Campus, have been put into production in November 2021, while the construction of the other three plants, including investment casting, aerospace components and surface treatment plants has also commenced, and it is planned to commence production in 2022. It is expected that flexibility of the Group’s operations will be enhanced, potential supply chain and tariff risks caused by geopolitics can be mitigated, and production chain cycle can be significantly shortened, thus overall operational efficiency can be improved. Revenue from the plants in Mexico surged from approximately HK$50 million to over HK$100 million in 2021, representing an increase of nearly 100%. As the plants in Mexico SLP Campus gradually commenced operations, production capacity will be highly elevated. It is estimated that revenue from the plants in Mexico may reach HK$300 million in 2022.

Looking forward, despite the potential issues brought about by the Omicron variant, lockdowns and entry restrictions have been lifted in various countries as vaccination rate around the global surges. It is expected that international travel activities will be gradually resumed in 2022, and the business of aerospace end market may become the future growth engine of the Group. Meanwhile, the business of industrial end market of the Group still possesses massive growth potential. In particular, bills in relation to enhancement of local infrastructure projects have passed in the U.S. Demand for construction equipment and commercial vehicles, as well as the hydraulic equipment associated with construction equipment, will surge and this is expected to drive the growth the Group’s business in the industrial end market. Embracing various opportunities ahead, the Group has been well positioned to seize the opportunities. As at 28 February 2022, the Group’s total order on hand to be fulfilled in the next twelve months reached HK$3,748 million, representing a year-on-year increase of 42.9%, or an increase of 18.4% when compared with the total orders on hand to be fulfilled in the next 12 months as at 31 July 2021.

Mr. Lu Ruibo, Chairman and Chief Executive Officer of Impro, said, “Driven by the rising demand, along with the slowdown in the increase in the prices of certain raw materials, the agreement reached with major customers in the end of 2021 to adjust product prices, and the optimization of internal processes to improve operational efficiency, gradual improvement in the Group’s profit margin in the future is anticipated. Meanwhile, the Group will continue to strengthen its research and development capabilities while expanding its production capacity to provide customers with more diversified and customized products and services. Leveraging on its global production base and capacity expansion, the Group will consolidate and expand its global customer base, seize the business opportunities arising from the recovery of market demand after the pandemic, and strive to achieve sustainable profit growth to create better returns for its Shareholders in the long run.”

About Impro Precision Industries Limited (Stock Code: 1286)

Impro Precision Industries Limited was established in Wuxi, China in 1998 and its headquarters was moved to Hong Kong, China in 2011. It is a global top-ten manufacturer of high-precision, high-complexity and mission-critical casting and machined components for diversified end markets. According to the Roland Berger Report, Impro Precision was the world’s seventh-largest independent and China’s largest investment casting manufacturer and also the world’s fourth-largest precision machining company in the end markets of automotive, aerospace and hydraulics, each in terms of total revenue in 2018. The Group is also one of the few domestic suppliers offering one-stop solutions, including initial research and development, tooling design and manufacturing, casting, heat treatment, secondary machining and surface treatment. Impro Precision has established a global manufacturing layout and comprehensive service network. It has 19 production facilities in China, Germany, Turkey, the Czech Republic and Mexico, which are supported by nine sales offices in China, the US, Luxembourg, Turkey, Germany, Mexico and Hong Kong, as well as warehousing capacities in China, North America, Luxembourg, Mexico, Germany and Turkey. Impro Precision has established long-term strategic cooperative relationships with a number of globally recognized industry leaders, selling its products in more than 30 countries and regions.

For details, please visit:：https://www.improprecision.com

#ImproPrecisionIndustries

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

• DHL Express to deploy five Boeing 777 freighters with Singapore Airlines on Crew and Maintenance agreement (CM)
• First two aircraft to be delivered in July and October 2022
• Ken Lee: “New agreement guarantees capacity on our critical routes out of Singapore.”
• Lee Lik Hsin: “New freighter operation will support fast-growing e-commerce segment.”

SINGAPORE / BONN, GERMANY – Media OutReach – 10 March 2022 – DHL Express, the world’s leading international express service provider, has entered into a Crew and Maintenance agreement (CM) with Singapore Airlines (SIA) to deploy five Boeing 777 freighters. This agreement marks a further step in DHL Express’ expansion of its intercontinental air network to meet customer demand in fast-growing international express shipping markets.

“With the deployment of five Boeing 777 freighters, we can expand our express service linking the Asia Pacific region with the Americas. Following the pandemic, we see good prospects for strong growth in trans-Pacific trade lanes. By collaborating with Singapore Airlines, we see a unique chance to establish a long-lasting relationship with a long time partner who shares common values and operates at the highest standard”, says Travis Cobb, EVP Global Network Operations and Aviation at DHL Express.

Based at Singapore’s Changi Airport and serving DHL’s South Asia Hub there, the freighters, which will sport a dual DHL-SIA livery, will be operated by SIA pilots on routes to the USA via points in North Asia. SIA will also oversee the maintenance of these aircraft.

The initial agreement is set for more than four years with the opportunity for an extension. As part of the agreement, the first aircraft delivery will be in July 2022, with the second in October 2022. The remaining three aircraft are planned for delivery throughout 2023.

Lee Lik Hsin, Executive Vice President Commercial, SIA, said: “Today’s agreement builds on and strengthens the long-standing partnership between SIA and DHL. This new freighter operation will support the fast-growing e-commerce segment, in addition to other key business segments that rely on trusted express services that DHL excels in providing. It also provides a foundation on which the partnership between SIA and DHL can be further expanded in the future. Basing these freighters at Changi Airport will further reinforce Singapore’s position as a key air cargo and e-commerce logistics hub, contributing to its growth and development.”

“This new agreement guarantees capacity on our critical routes out of Singapore as we gear up for ongoing growth in Asia Pacific trade,” stressed Ken Lee, CEO DHL Express Asia Pacific. “It gives us greater flexibility to add new routes and optimize our aircraft utilization in the face of unpredictable changes or sudden increases in demand.”

DHL Express continuously invests to meet steady growth in cross-border time-sensitive shipments. It operates over 320 dedicated aircraft across its global network of 220 countries and territories. The Boeing 777 freighters are the world’s largest, longest range, and most capable twin-engine freighters that also contribute to DHL’s sustainability goals, reducing CO₂ emissions by 18 percent compared to the legacy B747-400s.

SIA’s cargo division operates to more than 90 destinations as part of its current network, which includes a fleet of freighters as well as the bellyhold space of the SIA and Scoot passenger aircraft. The airline recently ordered Airbus A350F freighters as part of its fleet renewal program. SIA continues to invest in its cargo capabilities, capitalizing on healthy demand fueled by growth in e-commerce, fresh produce, and pharmaceuticals, among other segments.

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 400,000 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 EUR 81 billion in 2021. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve zero-emissions logistics by 2050.

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

About Singapore Airlines
The SIA Group’s history dates back to 1947 with the maiden flight of Malayan Airways Limited. The airline was later renamed Malaysian Airways Limited and then Malaysia-Singapore Airlines (MSA). In 1972, MSA split into Singapore Airlines (SIA) and Malaysian Airline System. Initially operating a modest fleet of 10 aircraft to 22 cities in 18 countries, SIA has since grown to be a world-class international airline group that is committed to the constant enhancement of the three main pillars of its brand promise: Service Excellence, Product Leadership and Network Connectivity.

#DHL

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