HONG KONG SAR – Media OutReach – 28 January 2022 – Axion Global Asset Management Limited (“AGAM” or the “Company”), a subsidiary of Edvance International Holdings Limited (SEHK stock code: 1410.HK), is set to make its debut in the cryptocurrency space with a new flagship product, Smart Beta Fund SP (“Smart Beta Fund”), after receiving approval from the Securities and Futures Commission in Hong Kong (“SFC”) to manage portfolios that invest up to 100% in virtual assets.

The Smart Beta Fund seeks to provide professional investors¹ with superior risk-adjusted returns by tracking the Axion Global Smart Beta Liquidity Index. The Index, which has consistently outperformed industry benchmarks, is comprised of the top ten eligible cryptocurrencies by market capitalisation weighted by proprietary investment factors. Total assets under management (AUM) for the fund is expected to reach US$100 million.

The crypto fund debut will come on the heels of the Company’s recent launch of Axion Global Innovations Fund that invests in early-stage ventures in the burgeoning blockchain and digital assets ecosystem. As an asset manager specialising in different blockchain and digital asset investment strategies, the Company will continue to roll out more products to capture returns for investors.

‘Investing in digital assets like cryptocurrenies has become an irresistible huge trend. By launching the Smart Beta Fund, we will be able to offer a secure and regulated investment vehicle for professional investors to tap into the rapidly growing cryptocurrency market,’ said Mr. Scottie Siu, Investment Director of Axion Global Asset Management Limited. ‘As part of the collective effort to enhance the regulatory landscape for digital assets, we work with reputable custodians and best-in-class trading platforms such as BitGo Trust, Coinbase and OSL, leading legal advisors Baker McKenzie and Mourant Ozannes, as well as expert virtual asset fund to establish and operate the fund in accordance with the highest industry and regulatory standards.’The AGAM team was also supported by Sidley Austin, the leading legal advisor, during the approval process with the SFC.’

Mr. Gavin Ho, Strategy Director of Axion Global Asset Management Limited commented, “We are thrilled that Axion Global Asset Management has received regulatory approval to make inroads into the virtual asset fund management sector. We see tremendous potential and demand for innovative digital asset products and offerings in the years to come. Backed by our parent company Edvance International, which has been a leader in the cybersecurity space for over 20 years, we are at forefront of the industry to ride the digital asset wave.’

About Axion Global Asset Management Limited

Axion Global Asset Management Limited (AGAM) is an investment management company and an indirect non-wholly owned subsidiary of Edvance International Holdings Limited (SEHK stock code: 1410.HK). It develops investment products focusing on digital assets and blockchain opportunities. AGAM holds a license approved by the Securities and Futures Commission of Hong Kong to engage in Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities. (CE Number: BMG243)

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KAOHSIUNG, TAIWAN – Media OutReach – 28 January 2022 – The streets and night skies of Kaohsiung will be bathed in light as the city stages the 2022 Taiwan Lantern Festival, with this year’s event drawing on both tradition and modern innovation to mesmerise visitors to the city.

The Flying Phoenix lantern will light up Kaohsiung in 2022 Taiwan lantern festival. 

The festival, which will run for 28 days from February 1, will for the first time provide a model for collaboration between artisans who use time-honoured methods to construct traditional lanterns and cutting-edge artists from around the world.

Spread throughout the National Kaohsiung Centre for the Arts at Weiwuying and the city’s Love River Bay district, the festival will provide interactive experiences for visitors to learn about how traditional lantern art can be passed down to modern generations at the same time as harnessing advanced exhibition technology, such as high-speed, low-latency 5G for remote artistic displays.

Historic roots

First staged in 1990, the annual lantern festival is inspired by traditional folk celebrations on the fifteenth day of the first month, according to the lunar calendar, and to mark the end of the Lunar New Year. For centuries, people from China have marked the arrival of the New Year by carrying paper lanterns through their darkened streets, with the designs becoming far more elaborate and adventurous in recent years.

This year, Kaohsiung will be aglow with works by artists keen to put forward their own interpretations of light.

Signature Lantern

The event’s signature work is a cross-border collaboration that brings together lantern designer Benson Lu and renowned calligrapher Dong Yangzi. Together, they have created a work that transforms the Chinese character “feng,” which means phoenix, into an illuminated pheasant that is native to Taiwan spreading its wings atop a mountain.

Lighting up Kaohsiung, the Flying Phoenix lantern will use the aesthetics of lighting to communicate the message of effective urban governance, and increase awareness of Kaohsiung City around the world.

The 2022 Taiwan Lantern Festival

The artists and organizers of the festival hope visitors will be able to put the difficulties of the last year behind them, at least temporarily, and enjoy an occasion that will be a unique feast for the senses.

SINGAPORE – Media OutReach – 28 January 2022 – Wells Singapore is revealing its expansion plans amid strong growth and increasing demand from the local market. On top of its expansion, the water dispenser and purifier company is also preparing to launch a series of new products that aim to enhance user experience and elevate home designs.

As demands of the local market continue to rise amid the COVID-19 pandemic, Wells will be opening a fourth outlet in the western part of Singapore to add to its store fleet. They currently have a showroom located in Macpherson as well as two outlets in Orchard, on top of their home demo sessions where they bring their products to the customers for free. Customers can look forward to a fresh line of water purifiers as well as new coffee/tea machines that Wells will be adding to their catalogue.

Despite the many disruptions to trade activities and supply chain issues caused by the COVID-19 pandemic, the water purifier market is on track to bounce back stronger. According to market research, valuation of the ASEAN Water Purifier Market reached SGD$2.02 trillion dollars in 2020, and is forecasted to reach SGD$3.7 trillion dollars by 2026. Singapore, being the 6^th largest water purifier market in ASEAN, has seen strong growth over the past year as well. This can be attributed to COVID-19’s impact in creating increased awareness of the significance and benefits of consuming safer and cleaner water. As the COVID-19 situation continues to evolve, Wells has adapted by implementing stricter regulations to their home demo and on-site appointments, allowing them to sustain their staffing and expand their target audience through marketing efforts.

Since its establishment in 2019, Wells has worked with several high-profile clients such as OCBC Bank, Hewlett Packard Enterprise, and Gleneagles Hospital. As consumers become more aware of the health benefits of drinking purified water, Wells hopes to bring their designs and technology to more households, and extend their reach to promote wellness and healthy living to the masses.

For more info, please visit: https://www.wellssingapore.com/

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• China-Vietnam road border crossing presently experiencing delays by 20-30 days
• DHL Global Forwarding, the first international forwarder to launch the two-way China-Laos rail service, sees rapid demand with 20-24 hour transit time and costs up to 50% less than airfreight
• Vientiane and Kunming key as multimodal hubs for China-ASEAN trade

SHANGHAI, CHINA – Media OutReach – 28 January 2022 – Heavy road congestions on the China-Vietnam border due to local COVID-19 related situations have resulted in soaring demand for newly launched two-way China-Laos rail services facilitating trade between China and ASEAN. Over 2000 trucks are in the queue on both sides of the main connection Pingxiang (China) bordering Lang S’on (Vietnam), causing delays of up to 20-30 days.

The alternative border at Dongxin (China) bordering Mong Cai (Vietnam), which reopened on 10 January, is still experiencing backlogs. Both congestions are expected to continue through to the Lunar New Year.

DHL Global Forwarding, the leading international freight specialist division of Deutsche Post DHL Group, and the first international forwarder to launch a two-way rail freight service between Kunming, China and Vientiane, Laos has seen significant uptake with a daily connection in each direction for its service on the newly opened China-Laos railway. The rail service shortens transit time between Kunming and Vientiane to about  20 – 24 hours, compared to 20-30 days with the present congestion through Vietnam.

Rail-truck solution between China & Southeast Asia: Key to keeping supply chains  running

“We launched the China-Laos Railway service in December and it was just in time. The backlogs on the road borders between China and Vietnam are not likely to clear before Chinese New Year, and it is really critical during this peak season to have the rail alternative,” said Steve Huang, CEO, DHL Global Forwarding Greater China.

“Thanks to the two-way rail service between Laos and China, we’ve been able to help customers keep their delivery timelines with limited delays. The service strategically positions Laos, a land-locked country, as a land-linked hub. DHL Global Forwarding has the most extensive road and rail services in the region, and our customers moving goods between China and ASEAN countries now have a strong viable alternative between air and ocean freight,” Thomas Tieber, CEO, DHL Global Forwarding Southeast Asia said.

Peak season relief: Faster, Cheaper freight from China to ASEAN

DHL’s scheduled service using the new China-Laos Railway is one of the six international economic corridors under China’s Belt and Road Initiative (BRI). The Laos section of the railway is 414-km that connects Kunming (China) to Boten, Laos’ northern border with China, to Vientiane in the south, on its border with Thailand. The route cuts the journey time from Vientiane to the Chinese border to less than four hours, compared to 15 hours by road (in normal conditions). At Boten, the railway will connect with the BRI network at Kunming, China, through another 595-km railway link, providing Laos with a land link to global and regional supply chains.

DHL’s scheduled service leveraging the China-Laos Railway runs in both directions between China and ASEAN markets, including Thailand, Vietnam, Cambodia, Malaysia, Singapore, and Indonesia, providing an attractive, highly cost-efficient alternative when logistics costs are at an all time high.

The two-way service combines trucking from all over China to the hub in Kunming, running through the China-Laos railroad, then onward with DHL’s established road network service and back, with significant cost savings and competitive transit times, providing a viable transportation alternative. Examples of the services include:

• Chengdu – Bangkok – road/rail services are 78% cheaper and 2 days faster than airfreight
• Kuala Lumpur – Chengdu – road/rail services are 70% cheaper, same transit time compared to airfreight
• Shanghai – Singapore – road/rail services are 38% cheaper, 4 days longer compared to airfreight

Note to editors:

Find out more about DHL’s road and multimodal logistics offerings, with its road freight services on the rise in Southeast Asia, and a rail freight service from Xi’an in China to Hamburg and Neuss in Germany, that cut transit time down by over 40 percent. Read more on DHL’s Logistics of Things.

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 66 billion euros in 2020. 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.

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