SINGAPORE – Media OutReach – 20 August 2021 – Tim Gan Math will soon be releasing a complete online Mathematics course to help students learn Maths effectively online. The course encompasses lesson notes for each chapter, summary worksheets, practice questions, more than 1000 lesson videos, and an exclusive online community. It serves as a learning aid to help students better understand the subject and its topics. Furthermore, the exclusive online community allows students to ask the tutor (Mr Gan) questions directly, keeping the human touch of teaching present in the online course.

New content will be added into the online math course for students to get constant practice and enhance learning. The math course structure has been carefully designed by former curriculum specialists and Ministry of Education (MOE) Maths teachers possessing years of expertise in teaching Maths in secondary schools. Furthermore, the complete online math course is derived from the latest syllabus for ‘O’ level Elementary and Additional Mathematics by MOE and will be led by MOE-trained educator, Mr Timothy Gan, holding more than 10 years of teaching experience.

A provider of mathematics online tuition, the math learning centre is dedicated to helping students foster a solid mathematical foundation, to achieve the goal of assisting learners in understanding the simplicity in maths. Through this understanding, Tim Gan Math understands learning math effectively online entails an excellent tool. This includes helpful learning sources, bite-sized videos, and credentials of online instructors, which have been addressed in the upcoming math course.

While offering O level, A level, and H2 math tuition, Tim Gan Math hopes to take the learning experience in maths to greater heights with their new online math course. Tim Gan Math has a belief that learning maths is not difficult if key concepts and the way of approaching questions are understood, and the learning centre is preparing an online math course to pave the way to a student’s math learning journey. Before the course is released, students can try out the Free Mini-Course for 30 days to have an experience. The upcoming math course will also be featuring prices at a discounted rate.

For more info, please visit: https://timganmath.edu.sg/online-math-courses-sec-igcse/

#TimGanMath

yeedi mop station has been the recommendation and go-to home cleaning solution for many since its

SINGAPORE – Media OutReach – 20 August 2021 – yeedi, a robot vacuum brand committed to delivering intelligent floor-cleaning technology for people in pursuit of high efficiency, expands its product availability by bringing yeedi mop station, a self-cleaning robot mop, to Singaporean customers. This 2-in-1 robot mop & vacuum features a revolutionary self-cleaning station to wash and damp the mopping pads automatically for a truly hands-free mopping experience. Designed with 2 spin mopping pads, rotates at 180r/min with a 10N force to the floor, customers can expect effective mopping performance.

“Enough water, sufficient pressure to the floor, and an always-clean mop are three basics to ensure an ideal mopping result. But few robot mops on the market managed to meet these 3 preconditions.” Said Gary, Li, General Manager of yeedi, “Dedicated to delivering a reliable robot mop to our customers, yeedi mop station is engineered with the basic logics of mopping making it possible for our users to experience a thorough and truly hands-free floor cleaning.”

Hands-Free Mopping with Built-In Washing Machine for the Mops

yeedi’s self-cleaning station works as a built-in washing machine for the mops. Unlike other robots on the market with mini water tanks, it features separate clean and waste water tanks (3500ml each) for systematic water disposal. When the mops get dirty and dry, the robot will return to the base station for mop washing & damping and resume cleaning right where it left off. After cleaning is done, the built-in fan takes over to dry the mops in case of odor generation and mildew breeding.

Effective and Reliable Mopping Performance

yeedi mop station features an intelligent mopping system to mimic hand mopping. The two spin mopping pads rotating at a speed of 180r/min are pressed tightly against the floor by a 10N downward pressure. In this case, stains can be loosened and removed easily. The built-in carpet detection sensor smartly steers the robot away from the carpet when mopping to avoid contaminating your carpet.

Wet and Dry Clean at the Same Time with Hybrid Design

yeedi mop station is versatile. It mops and vacuums simultaneously during cleaning. Boasting a 2500Pa strong suction power, yeedi sucks up pet hair, crumbles, and dirt hidden deep in the crevices. It learns your home layout precisely and plans efficient cleaning paths with the help of Visual Mapping technology.

Affordability

Priced at SGD 999, yeedi mop station will be available on Lazada and Shopee on Aug. 21. Orders placed on Aug. 21 till Sept. 09 can get a pair of Jabra Elite 75t (Black) headphones (worth SGD 288) for free.

Shop Here

Lazada ： https://bit.ly/2UxT3wA

Shopee ： https://bit.ly/3g9dreL

About yeedi

yeedi is an up-and-coming robot vacuums supplier launched in 2019. We gathered a group of robotic and housekeeping experts who are passionate about life and keen on innovations to bring quality smart products with modern design and practical features to customers all over the world.

#yeedi

Global Travel Restarted and Continues to Improve Financial Position Remains Healthy Long Term Growth with a Bright Future

Results Highlights

• In the first half of 2021, under the negative impact of the COVID-19 pandemic outbreak, the Business Volume of the Group’s tourism operations decreased to RMB2,433.8 million, representing a year-on-year decrease of 41.9%. The adjusted EBITDA decreased to RMB-565.0 million, and the loss attributable to equity holders was RMB2,004.8 million.
• The Group’s resort and destination operation businesses performed outstandingly in China. Business Volume of Club Med resorts in China grew by 171.9% year-on-year in the first half of 2021.
• In the first half of 2021, Business Volume of Atlantis Sanya recorded a year-on-year increase of 152.1%, and EBITDA margin was 49.2%.
• In July 2021, Club Med’s capacity were restored to 73.2% of that of the same period in 2019, and the average occupancy rate of worldwide resorts reached 67.1% during the period. As of 31 July 2021, the cumulative bookings of the second half of 2021 increased by 97.8% compared with the same period in 2020 and recovered to 83.9% of that of the same period in 2019.
• The Group’s cash flow remained strong. During the reporting period, the Group’s cash flow from operating activities turned positive and increased to RMB1,311.0 million. As of 30 June 2021, cash and bank balances were approximately RMB5,200.0 million, whilst unused bank facilities were approximately RMB4,367.4 million.

HONG KONG SAR – Media OutReach – 19 August 2021 – On 19 August 2021, Hong Kong Fosun Tourism Group (“Fosun Tourism” or the “Group”, Hong Kong Stock Exchange Stock Code: 1992), the world’s leading leisure-focused integrated tourism group, was pleased to announce its interim results for the six months ended 30 June 2021 (“the first half of 2021” or “the reporting period”).

Facing the continued spread of Novel Coronavirus (COVID-19) (the “Pandemic”) in the first half of 2021, countries took stringent travel restriction measures, which posed a major negative impact on the resort and the tourism operations of the Group. During the reporting period, the Business Volume of the Group’s tourism operation, at a constant exchange rate, decreased by 41.9% year-on-year to RMB2,433.8 million. Revenue of the Group decreased to RMB2,781.5 million; adjusted EBITDA decreased to RMB-565.0 million; and loss attributable to equity holders was RMB2,004.8 million. Through highly efficient cash flow management, the Group maintained a healthy financial position. The Group’s cash flow from operating activities turned positive to RMB1,311.0 million during the reporting period. As of 30 June 2021, cash and bank balances of the Group were approximately RMB5,200.0 million, unused bank facilities approximately RMB4,367.4 million, and bank loans due within one year approximately RMB2,282.2 million.

Global businesses have significantly rebounded since May, and Chinese businesses led the recovery of the tourism industry

The spread of the Pandemic in EMEA (Europe, Middle East, and Africa) led to the temporary closure of most resorts in the Alps from January to March, and outbound travel from major customer sourcing markets was suspended. As a result, the Business Volume of Club Med in the first half of 2021 decreased by approximately 64.2% year-on-year. Since late-May 2021, as the Pandemic in EMEA and Americas have gradually been under control, countries and regions have begun enforcing “vaccine passport” and easing lockdown measures. For May and June 2021, the cumulative bookings from EMEA and Americas for six months ended 31 December 2021 (the second half of the year) have exceeded 39% and 69% of that of the same period of 2019, respectively. The Group is well-positioned for a business rebound in the second half of 2021 and has placed considerable efforts in resuming the operations of resorts. In July 2021, 41 resorts have resumed operations with overall capacity increasing by approximately 104.3% as compared to that of 31 July 2020 and recovering to 73.2% of that of 31 July 2019. By 31 July 2021, the cumulative bookings for the second half of 2021, expressed in Business Volume and at a constant rate, increased by approximately 97.8% as compared with that for the second half of 2020 recorded as of 31 July 2020, and resumed to 83.9% of the bookings for the second half of 2019 recorded as of 31 July 2019.

In the first half of 2021, with the Pandemic outbreak well controlled in China and the increasing travel demand, by leveraging the Group’s outstanding branding and product leadership, the business of Club Med resorts in China recovered strongly, with Business Volume increased by 171.9% compared with the same period in 2020. According to the estimates by the China Tourism Academy, China’s tourism revenue resumed to 57%, 77%, and 75% respectively during Qingming Festival holiday (3 to 5 April 2021), Labor Day Holiday (1 to 5 May 2021) and Dragon Boat Festival holiday (12 to 14 June 2021) in 2021, as compared to the same periods of 2019 (before the outbreak of Pandemic). Club Med resort in China recorded significant growth in the above three public holidays, which widely outperformed the industry-wide recovery. The Business Volume increased 63%, 91%, 19% during Qingming Festival holiday, Labor Day Holiday and Dragon Boat Festival holiday in 2021, compared to the same period in 2019, before the outbreak of the Pandemic, respectively.

Since the implementation of a new offshore duty-free policy on 1 July 2020, Hainan has become a new travel hotspot. In the first half of 2021, Atlantis Sanya’s operation continued to show a strong growth momentum. Its Business Volume increased by 152.1% compared with the same period of last year, reaching RMB835.2 million, and adjusted EBITDA of reached RMB410.9 million, an increase of 309.1% compared with the same period of last year, demonstrating its operating capability on a rapid expansion of market share in the post-Pandemic period. Meanwhile, the number of visitors to Atlantis Sanya in the first half of the year increased to approximately 2.6 million from 1.4 million of the same period in 2020, among which 1.2 million and 0.6 million visited Waterpark and Aquariums respectively.

In the first half of 2021, Atlantis Sanya actively promoted upscale products and launched market collaborative projects. It set Guinness World Record successfully for the “Largest Underwater Mermaid Show”. It also actively upgraded the tourism retail in the resort, promoted the layout and development of new retail areas, and introduced brands like Kaola Global and Pop Mart.

The Pandemic never alters the pace of development, and strong resorts layout improves the global presence

The Pandemic has not stopped the development of the Group. In early 2021, the Group laid out a plan to open 16 new villages by the end of 2023, in which 8 of them are in China. The plan was on track in the first half of 2021. Club Med has opened a new resort in Seychelles in the first half of 2021. The Group also plans to renovate 12 resorts by mid-2024 based on an upscale strategy. Club Med Lijiang resort in Lijiang FOLIDAY Town, Quebec Charlevoix resort, and Changbaishan resort will open in the upcoming autumn or winter.

Casa Cook brand series, the Group’s asset-light boutique hotel brands, have signed 14 franchise agreements in EMEA and 4 hotel management agreements in China as of 30 June 2021. The Group plans to operate no less than 30 hotels worldwide by the end of 2023.

Mr. Henri Giscard d’Estaing, the Vice Chairman and Deputy CEO of Fosun Tourism Group, said, “The worldwide sanitary crisis continued to have a serious impact on Club Med’s results in the first half of 2021. To fight this crisis, our Club Med team continues to work hard and take strong actions to reduce costs as well as maintain a healthy cash flow. With the support of our landlord partners around the world, we also continue to renovate our existing resorts and prepare to open new destinations to drive our future profitable growth. Against the backdrop of the Pandemic, people’s desire for holidays with freedom and safety is growing every day. Club Med’s offers match the expectation of tourists, especially that of family tourists. I am confident that we are ready to the rebound, and that with our global value strategy, direct digitalized distribution and ambitious development plan, we will deliver a profitable growth within the FOLIDAY ecosystem.”

Building FOLIDAY upscale ecosystem, the construction and pre-sale of the FOLIDAY Town progress steadily

Two FOLIDAY Town projects both performed as planned in the first half of 2021. Club Med Lijiang Resort in Lijiang FOLIDAY Town has entered the preparatory stage of opening and is expected to commence operation in the upcoming autumn. Construction of the saleable vacation inns and residence project of FOLIDAY Town Lijiang began in the first half of 2020. The project has been completed in stages since late 2020 and will be fully completed from 2022 to the end of 2023. The construction project of Taicang FOLIDAY Town is expected to be completed in stages since 2021 and will be fully completed from 2024 to the end of 2025. As of 31 July 2021, a sales permit for GFA of approximately 143,000 square meters was obtained by Taicang FOLIDAY Town, of which 823 sets of saleable units have been completed. The construction of the indoor ski domain “Alpes Snow World” has started in January 2021, while “Alpes Time Town” and Club Med Joyview Taicang Resort are under full-scale construction in June 2021.

The century-old brand is under rapid development through digital transformation

In July 2020, the Group officially relaunched the “Thomas Cook Lifestyle Platform” in China as a one-stop vacation lifestyle platform for global families. Leveraging FOLIDAY’s global advantageous resources, the brand-new Thomas Cook Lifestyle Platform achieved precision marketing aimed at urban middle-class families and young clientele, with a focus on leisure and tourism services. 2021 marks the 180th anniversary of Thomas Cook, one of the most well-known tourism brands in the world. The restart of its operation will speed up the development again. As of 30 June 2021, the cumulative number of downloads of “Thomas Cook Lifestyle Platform” was approximately 1.5 million. Since 16 September 2020, the brand-new Thomas Cook Online Travel Agency was put into trial operation in the UK. In the first half of 2021, Thomas Cook China and Thomas Cook UK achieved a total Business Volume of nearly RMB274.8 million.

Consolidate the leadership in ski ecosystem

The Group operates 15 mountain (ski) resorts in Europe and four in Asia Pacific, and is committed to creating a complete and diversified ski ecosystem. By the end of 2023, the Group has six to eight mountain resorts in the pipeline, among which there are two new mountain resorts in China, including Changbaishan Resort and Chongli Thai Woo Resort. By then, the Group is expected to operate six to eight mountain resorts in and around China.

The Group’s tourism destination brand-“FOLIDAY Town” (復遊城) is becoming a leading brand of the integrated sports-travel complex. “Alpes Snow World” in Taicang FOLIDAY Town is a large-scale indoor ski resort in East China, and is jointly managed by the Group and Compagnie des Alpes (CDA), a French ski domain operator based in French who was also one of the contractors of Winter Olympics. With five ski slopes, seven “magic carpets” serving as conveyors, the “Alpes Snow World” offers over 20 ski and leisure activities. In terms of ski practice and training, there is an all-ages ski school under Club Med, offering visitors professional-level ski instruction which is from the European system.

The Group’s indoor ski simulators brand “Foryou Ski” (復遊雪) is dedicated to providing quality solutions for urban skiers. It has opened seven stores.

Mr. Qian Jiannong, Chairman and CEO of Fosun Tourism Group, said, “I always believe that we are the one deciding our own destiny and future. Hence, we have never stopped gearing up ourselves and seizing the opportunity to explore a better future and potential development even amid the challenges to the tourism industry posed by the Pandemic. With a healthy financial position during the first half of the year, our businesses in China secured a rapid growth. We are well assured that we are fully prepared for the global business recovery in the second half of the year. From the rapid recovery of our overseas businesses in July, we see a silver lining towards the recovery of the Company’s global business in the second half of the year. During the crisis, the Company has never stopped the planning for a long-term growth. Therefore, we have been in full commitment in promoting the development of the resort and tourism destination businesses, as well as building the Group’s digital and vacation content ecosystem. As a result, we are confident that as countries ease travel restrictions and release purchasing power for travel and vacation, the Company’s global businesses will be back on the growth track by riding on Fosun Tourism’s global influential products, brand power and globalized talent system.”

About Fosun Tourism Group

Fosun Tourism Group (“Fosun Tourism” or “the Group”, stock code: 1992), the world’s leading leisure-focused integrated tourism group, was listed on the main board of the Hong Kong Stock Exchange in December 2018. Fosun Tourism is the largest leisure tourism resorts group worldwide in terms of revenue in 2019*. Currently, the Group has three main business segments: Resorts, Tourism Destination as well as Tourism related Services and Solutions. In terms of Resorts, Fosun Tourism operates 65 all-inclusive Club Med resorts in more than 40 countries and regions. The Group acquired the Casa Cook and Cook’s Club brands in November 2019 and manages hotels under these brands in light asset model; in terms of Tourism Destination, the Group develops and owns Atlantis Sanya, as well as the self-owned brand “FOLIDAY Town”, currently Lijiang Foliday Town and Taicang Foliday Town are under construction; the Group owns one of the world’s oldest travel agency brands “Thomas Cook”, and operates the online “Thomas Cook Lifestyle Platform” in China and UK, forming an open internet platform based on quality vacation and life products.

Through the lifestyle proposition “Every day is FOLIDAY”, Fosun Tourism seeks to infuse concepts of tourism and leisure into everyday living, and provides tailor-made, one-step solutions through FOLIDAY global ecosystem.

* Frost & Sullivan report, an international independent consultancy company

#FosunTourismGroup

Former HKMA Chief Executive Norman Chan and former MPFA Deputy Chairman and Managing Director Alice Law crowned prestigious Iconic Stars

HONG KONG SAR – Media OutReach – 19 August 2021 – Organized by the Institute of Financial Technologists of Asia (IFTA), the IFTA FinTech Achievement Awards 2020 Presentation Ceremony was held today (19 August 2021) at the Hong Kong Productivity Council. Under Secretary for Financial Services and the Treasury Mr Joseph Chan, JP attended as the Guest of Honour of the Ceremony. Former Hong Kong Monetary Authority Chief Executive Mr Norman Chan and Former Mandatory Provident Fund Authority Deputy Chair and Managing Director Ms Alice Law received the prestigious Iconic Star awards.

In its third edition, the IFTA FinTech Achievement Awards of this year was themed “Embracing FinTech amid New Normal and Accelerating Digitization” to celebrate enterprises and individuals that have embraced industry trends emerging amidst new normal with innovative financial technology. Responding to fintech development and market evolution, the “Corporate Achievements in FinTech Awards” were divided into “FinTech Solutions” and “Advanced Technology” categories to honour fintech and technology in multiple sectors. The Awards attracted participation from over 55 companies under 14 award categories, of which the “Regulatory Tech” category received the most entries.

Specially introduced in this edition, the prestigious “Iconic Star” award honours invaluable contribution of long serving fintech industry leaders. The winners are Mr Norman Chan, GBS, former Chief Executive of the Hong Kong Monetary Authority, and Ms Alice Law, former Deputy Chairman and Managing Director of Mandatory Provident Fund Authority.

Former Chief Executive of the Hong Kong Monetary Authority Mr Norman Chan, GBS mentions, “Many financial firms have been rather slow to embrace the advance of the digital age, and lost their customers. We should bear in mind that access to the best Fintech is by no means monopolised by BigTech firms.  Instead it is available to any conventional financial firms that have an open mind and willing to make very good use of it.”

Former Deputy Chairman and Managing Director of Mandatory Provident Fund Authority Ms Alice Law says, “Hong Kong in many ways is ahead of the curve in its Fintech evolution, and Fintech application has become more popular amongst users. However, if a new digital economy is our ultimate goal, then efforts will have to be stepped up to broaden our talent pool that is capable of mastering, in an agile manner, business and operational needs of financial services which will be driven mainly by technological applications.”

Officiating guest of the Ceremony Under Secretary for Financial Services and the Treasury, Hong Kong SAR Government Mr Joseph Chan, JP mentions, “The Government has launched a Proof-of-Concept (PoC) subsidy scheme so to encourage licensed financial institutions to partner with startups and develop PoC projects applicable in actual business scenarios. The scheme has already received over 160 applications. I am very excited about the projects resulting from the subsidy scheme, and I also look forward to see it being widely adopted by more financial institutions in Hong Kong.”

“Entries of the Award this year were evaluated based on five elements: innovative technology, ethics, professionalism, contribution and teamwork,” IFTA Founder and Chairman Mr Paul Pong said. “We aim to draw enterprises’ attention to the needs of the industry and the society when they develop technology products so that more financial institutions and a wider public can benefit.”

At the FinTech Achievement Awards 2020 Presentation Ceremony today, 44 corporate achievement awards and 14 individual awards were presented.

As an organization representing fintech professionals in Hong Kong, IFTA is committed to following the government policy of promoting the collaboration among the government, industry, academic and research sectors in the innovation and technology industry. At the IFTA FinTech Achievement Awards 2020 Presentation Ceremony, winners of the IFTA Girls in Tech Hackathon were also presented. Successfully held on 7 and 8 August, the IFTA Girls in Tech Hackathon aimed to promote STEM education and encourage female students and youngsters to get involved in innovative technology and FinTech. Five winning secondary school teams received certificates and trophies on stage today. The Hackathon serves as a link between students aspiring to a career in innovative technology and industry practitioners, and promotes the continuity of fintech and innovative technology, while demonstrating IFTA’s devotion to a diversified and equal fintech industry.

Winners of Corporate Achievements in FinTech (for corporates, NGOs, and start-ups)

Outstanding Financial Technologists of the Year

The Prestige Award (recommended by the organiser and/or jury panel)

Iconic Star

Corporate Achievements in 5G

 Winners of IFTA Girls in Tech Hackathon

Click here to download high-res pictures of the event.

Event pictures:

Photo 1: Winners and guests at the FinTech Achievement Awards 2020 presentation ceremony

Photo 2: Speech by IFTA Founder and Chairman Mr Paul Pong

Photo 3: Former Hong Kong Monetary Authority Chief Executive Mr Norman Chan and former Mandatory Provident Fund Authority Deputy Chairman and Managing Director Ms Alice Law received Iconic Star awards

Photo 4: Winning teams of IFTA Girls in Tech Hackathon

About IFTA

The Institute of Financial Technologists of Asia Limited (IFTA) is an NPO established in Hong Kong in September 2017; to uphold the professional standard of Financial Technologists in Asia and create an ecosystem for global fintech talents to be connected. In the witness of HKSAR Government representatives, and the City of London at the signing ceremony, IFTA entered a collaboration agreement with the Certificate in Finance and Technology (CFT) from the United Kingdom to introduce the first CFT program in Asia. Besides delivering certification, IFTA also organises events including boot camps, seminars, and an annual award to accelerate Fintech education and industry engagement among government, regulators, universities, enterprises, and start-ups.

#IFTA