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KPMG and ACCA Launch Pioneering ESG Programme to Transform Accountancy for Future Business Needs

  • Innovative programme addresses the urgent call for ESG skills in accountancy
  • Equip non-accountants with ESG knowledge to explore relevant careers
  • No-cost foundational ESG knowledge track available for a diverse range of participants
  • Supports global sustainability efforts and ethical business standards, aligning with current industry expectations
  • Responds to AWRC report, ensuring accountants remain pivotal in sustainable business advancement

SINGAPORE – Media OutReach Newswire – 25 October 2024 – KPMG in Singapore and ACCA (the Association of Chartered Certified Accountants) have announced the launch of a pioneering learning programme designed to address the future skills needed for the accountancy profession, as well as equip non-accountancy graduates and strengthen their professional capabilities to enter the field. This initiative is a direct response to the recommendations of the Accountancy Workforce Review Committee (AWRC) report released in May 2024, which underscored the urgent need for enhanced ESG (environmental, social, and governance) capabilities among accountancy professionals.

In alignment with the AWRC report, the programme focuses on equipping accountants with future-ready ESG skills, ensuring the profession remains indispensable to advancing sustainable business practices. Moreover, it creates an inclusive pathway for those without a traditional accounting background, enabling them to transition into the profession through specialised ESG training. This dual focus addresses both the evolving skill requirements and the necessity of diversifying the talent pipeline within the accountancy sector.

Launched today at ACCA’s Annual Conference 2024, this initiative highlights the evolving role of accountants beyond traditional audit and assurance functions. With sustainability reporting becoming increasingly critical, the demand for ESG expertise is surging with accountants now needing to lead the charge in advancing sustainable business practices across various industries.

Alex Koh, Partner and Head of Audit, KPMG in Singapore said: “To redesign the accountancy workforce, we must attract new talent by prioritising adaptability, collaboration and innovation. Today’s accountants are not just guardians but strategic advisors, guiding businesses through complex challenges. Trust remains at the core of our profession, particularly in areas like ESG assurance and AI governance. Our collaboration with ACCA to introduce the ESG future skills programme is more than just providing access— it is about building on qualities and fundamentals that accountants already possess and applying these to emerging areas. This approach ensures that accountants can confidently navigate and address the practical challenges of a rapidly changing business environment, all while maintaining the essential trust that underpins our profession.”

“Sustainability is a top priority for businesses, governments, and the public sector. Finance professionals play a crucial role in driving and implementing sustainable practices across a wide range of organisations,” said Daniel Leung, Country Manager, ACCA Singapore. “ACCA is proud to partner with KPMG to launch this important programme, which will equip industry talents with the skills needed to shape a sustainable future. This initiative also aligns perfectly with our Annual Conference theme, ‘Reinventing the Profession for a Changed World,’ as we continue to foster the flexible skills necessary for the evolving profession.”

The finance and accounting skillset remains highly valuable and versatile, extending beyond traditional roles to create value for organisations, such as advancing a company’s sustainability agenda. Recommendations from the report released by AWRC highlighted that accountants need to be engaged in more diverse and purposeful work, and be recognised as crucial, valued business partners in an organisation.

Supporting these findings, ACCA’s 2024 worldwide survey of employers revealed that some of the most sought-after skills by employers in Singapore include ESG-related skillsets such as ethics and leadership. Demand for skillsets in sustainability in green finance rose from 38 percent to 47 percent this year.

According to KPMG’s research, more than half (56 per cent) of existing financial services job roles, representing more than 50,000 financial services professionals, will require upskilling on sustainability topics as these are increasingly incorporated into their critical work functions. For example, recent regulatory updates have enhanced Singapore listed companies’ climate related disclosure requirements from FY2025, which will require accounting professionals within these companies to be well-versed in these sustainability related regulations to effectively incorporate these into their work tasks and responsibilities.

Those with expertise in ESG will experience higher demand and enjoy diverse career prospects in a landscape where sustainable and ethical practices are increasingly prioritised.

Forging sustainability in businesses of the future

The programme comprises free masterclasses structured into two tracks.

The first track, which focuses on foundational ESG knowledge in areas such as climate risk, reporting, and measurements, is currently offered at no cost to participants. This makes it accessible to new graduates and working adults from any background, including those eyeing a career shift to climate reporting. The content in this track prepares participants to eventually take on job roles such as climate and impact reporting accountants, as well as sustainability finance consultants. Eligible participants of this track will also have the chance to take part in industry attachment opportunities with KPMG to apply ESG into business transformation and corporate practice.

The second track offers advanced content for senior finance leaders, enhancing their strategic and technical expertise acquired from their accountancy qualification or relevant work experience, extending these to strategic planning, decision-making, reporting and assurance. The content in this track prepares participants to eventually take on job roles such as Chief Sustainability Officers, Chief Financial Officers, or heads of ESG audit and assurance.

Participants in both tracks also have the option to further pursue either ACCA’s Certificate in Sustainability of Finance (CertSF) or the ACCA Professional Diploma in Sustainability (ProDipSust) separately, which will provide them with additional credentials to bolster their sustainability expertise.

Through collaborative knowledge-sharing and networking opportunities, participants will engage with industry experts from both KPMG and ACCA, gaining insights and practical skills. Both tracks will culminate in a joint certificate between KPMG and ACCA, validating the participants’ proficiency in integrating sustainable and ethical strategies into their roles. More details on the learning programme can be found in the accompanying infographic.

KPMG has been actively collaborating with government agencies and businesses across the region to enable ESG transformation and design decarbonisation pathway needs. Initiatives such as the KPMG ASEAN Decarbonisation Hub and the recent ESG Playbook for Charities underscore KPMG’s proactive and collaborative approach to helping businesses embrace ESG as a key business enabler. Furthermore, leveraging KPMG’s strong foundation in audit and accountancy, coupled with robust data and assurance rigor is key to equipping professionals with essential skills necessary to drive sustainable business models. Coupled with ACCA, a globally recognised professional accountancy body providing forward-looking qualifications and renowned for making them accessible, this collaborative learning programme offers a unique approach to ESG training. In addition, the strong global presence of both KPMG and ACCA opens opportunities to expand the programme to other countries, broadening the reach and impact of ESG education.
Hashtag: #KPMG #ACCA

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

About KPMG in Singapore

KPMG in Singapore is part of a global organization of independent professional services firms providing Audit, Tax and Advisory services. We operate in 143 countries and territories with more than 273,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

For more detail about our structure, please visit kpmg.com/governance.

For more information, visit kpmg.com.sg

LinkedIn: linkedin.com/company/kpmg-singapore

About ACCA

We are ACCA (the Association of Chartered Certified Accountants), a globally recognised professional accountancy body providing qualifications and advancing standards in accountancy worldwide.

Founded in 1904 to widen access to the accountancy profession, we’ve long championed inclusion and today proudly support a diverse community of over 252,500 members and 526,000 future members in 180 countries.

Our forward-looking qualifications, continuous learning and insights are respected and valued by employers in every sector. They equip individuals with the business and finance expertise and ethical judgment to create, protect, and report the sustainable value delivered by organisations and economies.

Guided by our purpose and values, our ambition is to lead the accountancy profession for a changed world. Partnering with policymakers, standard setters, the donor community, educators and other accountancy bodies, we’re strengthening and building a profession that drives a sustainable future for all.

Find out more at:

Vientiane Special Economic Zones Attract Over USD 622 Million in Investment in First Nine Months of 2024

Laos Seals MOU With Chinese Firm for Development of That Luang SEZ
A mockup of the That Luang Special Economic Zone, which is located in the heart of Vientiane and is expected to completed by 2030 (photo: KPL)

During the first nine months of 2024, Vientiane’s five special economic zones (SEZs) attracted investments from 39 new domestic and foreign companies, totaling USD 622.59 million in capital investment and USD 224.51 million in registered capital. This performance surpassed the city’s annual target of 35 companies.

This update was shared at a recent meeting at the Vientiane Government Office, led by Deputy Governor of the Bank of Laos, Suliwat Suvanajumkham, and Deputy Governor of Vientiane Capital, Sirilat Nongsin Thongpheng. The meeting focused on the progress made in line with the national agenda and the goals outlined in the 9th National Economic Development Plan.

Deputy Governor Sirilat reported on Vientiane’s ongoing investment attraction efforts, which began in 2021, with projects spanning several sectors, including agriculture and forestry, industry and trade, media, culture, and tourism, and public works and transport.

So far, 12 of these projects have attracted investor interest. Of these, seven have received investment and concession approvals, four are in the feasibility study phase, and one is still in the proposal stage.

The five SEZs—Xaysettha Comprehensive Development Zone, Bueng That Luang Special Economic Zone, Long Thang-Vientiane Special Economic Zone, Dong Pho Si Special Economic Zone, and Vientiane Logistics Zone—are progressing, particularly in infrastructure development, including residential buildings and factories. 

Among the 39 new investments, 24 came from foreign companies, seven from domestic firms, and eight were joint ventures. To date, realized investments total USD 40.32 million.

This strong growth highlights Vientiane’s strategic position in attracting foreign investment and driving economic development in Laos.

Connect with the Global AI Community and Explore Innovations, Investments and Partnerships at AIMX SG, held at the Singapore Week of Innovation and Technology (SWITCH) 2024


SINGAPORE – Media OutReach Newswire – 25 October 2024 – AIMX Singapore (AIMX SG) will return for its second edition at the Singapore Week of Innovation & Technology (SWITCH) 2024. The 3-day conference and exhibition will take place from 28-30 October at the Sands Expo and Convention Centre, and convene a global audience of AI practitioners, business leaders, Chief Technology Officers (CTOs), and the broader tech community to explore AI innovations deployed in the real world.

Connect with the Global AI Community and Explore Innovations, Investments and Partnerships at AIMX SG, held at the Singapore Week of Innovation and Technology (SWITCH) 2024

Connecting the Global AI Ecosystem in Singapore

This year’s event promises to be a landmark gathering of AI startups, Big Tech, investors and practitioners, including thought leaders from both AI and industry ecosystems. These include organisations and companies like AI Singapore, Amazon Web Services, DHL Express, GDP Venture, Google, Hitachi High-Tech Corporation, Hewlett Packard Enterprise, IBM, ING, NTT Docomo Asia, Philips Electronics, SAP, ST Engineering, Tsing Zhi Capital, and Ubisoft.

Alluding to the high value impact of converging the global AI ecosystem at AIMX SG, Jason Ng, Managing Director of MP Group, said

According to a report released by Deloitte in 2023, more than USD5 trillion of economic activity would be disrupted by AI. Singapore has been at the forefront of AI research, development and adoption, driven by a combination of government initiatives, a robust tech ecosystem and strong public-private partnerships. AIMX SG is a pivotal platform that reflects Singapore’s aspirations to be a global AI hub.”

At AIMX SG 2024, participants can look forward to:

  • Exploring cutting-edge AI solutions deployed in the real world: Expert keynotes, presentations and discussions will showcase emerging AI innovations that are transforming industries.
  • Pursuing technological partnerships: Engage with leaders and practitioners from AI and tech ecosystems, to pursue new collaborations on AI solutions to address global issues.
  • Identifying AI investments: Connect with innovative AI startups and established companies seeking funding to fuel their growth and product development


From Practitioners to Novices: AI for all levels of Expertise

Across three days, AIMX SG will offer a diverse programme designed to cater to a wide range of interests and experience levels:

Day 1: AI Innovation for Industry
Take a deep dive with emerging AI startups, Big Tech and global organisations as they take to the stage to showcase new AI solutions developed for industry use cases.
Industry thought leaders on Day One include Shankar Raghavan, Senior Director of Hewlett Packard Enterprise Asia Pacific’s GreenLake Cloud Services, who will share how enterprises can make GenAI a reality, from the initial vision to full-scale deployment.
Day 2: AI Practitioner Workshops

Leading AI Practitioners will take to the stage to conduct exclusive workshops that range from data management, model building and even trustworthy AI in the brave new AI world.
Attendees are highly encouraged to bring their laptops or computing device of choice to learn from experts’ presentations, which include the hands-on workshop conducted by ST Engineering, where attendees can learn how AI can transform data-driven decision-making, enhance automation and drive impactful solutions.

Day 2: Adapting AI to Benefit Southeast Asia: Regional Approaches

In a special gathering of the top researchers behind the leading open-source Southeast Asia language models, AIMX SG will feature a collaborative discussion between AIibaba DAMO Academy, AI Singapore and SEA AI Lab. The audience will be treated to in-depth presentations by the teams behind SeaLLM, SEA-LION and Sailor, followed by a collaborative discussion on unlocking the benefits of LLMs uniquely tailored to Southeast Asia’s diverse cultural context.

Day 3: Global Perspectives on AI

Engage with a global AI community of leaders, practitioners, and innovators as they share their uniquely local challenges and perspectives on AI. Expect to hear from and engage with AI and industry leaders from diverse regions spanning East Asia, Europe and Southeast Asia.

One of these sessions will be moderated by Japanese innovation consultant, INDEE, with a panel of global and Japanese experts to explore how Japan is navigating the complexities of AI technology in various sectors.

For more information on AIMX SG 2024’s programme, please refer to the Annex.

To secure complimentary access to AIMX SG 2024, visit https://aimx.global/singapore

For more information, visit: https://aimx.global/singapore/

Annex

Over three days, from 28-30 October 2024, global AI experts and industry leaders will take to the stage and speak on a broad range of topics.

For more information, visit: https://aimx.global/singapore/

28 October 2024 | AI Innovation for Industry

  • Bringing GenAI to Life in Enterprises: From Vision to Reality
  • Effective AI Innovation Ecosystems: A Partnership Between Industries, Universities and Governments
  • Scale and Accelerate the Impact of AI for Business
  • Enabling AI Collaboration Between Industry, Academia and Government
  • AI-Driven Cybersecurity: Balancing Innovation with Risk Mitigation
  • Advancing AI Innovation through the Integration of Industry and Research
  • Light in the Cave: Leapfrog with Artificial Intelligence (AI) Transformation
  • Riding the GenAI Wave: How Startups are Innovating with Generative AI
  • GenAI in APAC: ROI and Use Cases
  • Navigating Uncharted Territory: Appearances can be Deceiving in Minimally Invasive Surgery
  • Physical Security Reinvented: Exploring Industry Transformation Driven by the Confluence of Robotics, AI, and Connectivity
  • How Technology for Mars Helps our Daily Lives
  • Resolving R&D issues with DX (Digital Transformation) solutions
  • Reversing the Cost of AI/GPU – A Unique Case Study on GPU vs CPU: Balancing Performance, Cost and ESG
  • AI and Video Games: Crafting a Responsible and Creative Future for the Industry

29 October 2024 | AI Practitioners Workshops & Deep-dive into Southeast Asia LLMs

  • From Machine Learning to Trustable AI
  • Revolutionizing Productivity: The Power of Microsoft 365 Copilot
  • Leveraging LLMs for Conversational Question-Answering
  • Hands-on: AI Tools for MICE and Sustainability
  • Can your Model be Trusted? Building Trustworthy AI for Creators and End Users.
  • Modelling 3D Worlds in Real Time : The Long Road From Plausible to Accurate
  • Empowering Human-AI Collaboration to Unlock Smarter, Faster and More Innovative Solutions
  • Adapting AI to Benefit Southeast Asia: Regional Approaches

30 October 2024 | Global Perspectives on AI

  • AI Briefing and Update: Vietnam
  • How the UK is Building a Flourishing AI Habitat
  • AI in Japan Uncovered: Are Jobs Being Taken Over or Are They Hired?
  • Navigating AI Innovation: Opportunities and Impact for Europe’s Future
  • AI Briefing and Update: South Korea

Hashtag: #AIMXSingapore #AIMXSG #switchsg #ArtificialIntelligence #AI

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

About AIMX

The 2nd edition of AIMX SG will comprise a 3-day conference and exhibition, to be co-located at Singapore Week of Innovation & Technology (SWITCH) 2024, from 28-30 October 2024 at the Sands Expo & Convention Centre, Singapore.

AIMX SG will spotlight the emerging AI innovation from Singapore and beyond, rallying the global deep tech ecosystem to explore new industry use cases, investment and technological collaborations.

Expect to hear from both Singapore and global ecosystem leaders, and the programmes that are catalysing new AI solutions for industry, the environment and society.

For more information, please visit

About MP Group

The MP Group (MP) is a global full-service agency that specialises in connecting and building eco-systems, industry engagement, events management and marketing.

Established since 1987, MP embodies more than a quarter century of event building, marketing and management experience in both Eastern and Western cultures, practices, and business philosophies. We bring world-class talent, industry expertise, and incredible enthusiasm into the design and management of extraordinary online-to-offline experiences for your organisation.

MP is part of Pico Group, a global group of agencies specialising in engaging people, creating experiences and activating brands for businesses, institutions and governments. As part of the Pico group, MP has unlimited access to a wide network of industry contacts and resources. Pico Far East Holdings has been listed on the Hong Kong Stock Exchange since 1992.

JMHO Siu Szeto Kit JP MBE Training Centre Officially Opens in Kowloon


HONG KONG SAR – Media OutReach Newswire – 24 October 2024 – We are delighted to inform that on the occasion of the celebration of the 75th anniversary of the founding of the People’s Republic of China and the 27th anniversary of establishment of HKSAR, the JMHO Siu Szeto Kit JP MBE Training Centre (the”Centre”) opened on 24 October 2024. This Centre is a pivotal step in enhancing mediation training and accreditation for mediators in Hong Kong and in strengthening Hong Kong’s role as an international mediation hub. This event marks a significant milestone in our ongoing efforts to promote mediation as a key method for dispute resolution, aligning with the Hong Kong government’s vision to develop Hong Kong into a “Regional Centre for International Legal and Dispute Resolution Services”.

Opening of JMHO Siu Szeto Kit JP MBE Training Centre with JMHO Board of directors
Opening of JMHO Siu Szeto Kit JP MBE Training Centre with JMHO Board of directors

Opening of JMHO Siu Szeto Kit JP MBE Training Centre - Guests of Honour
Opening of JMHO Siu Szeto Kit JP MBE Training Centre – Guests of Honour

Acknowledging Our Supporters

The establishment of this Centre was made possible through the generous support of several key contributors:

– Mr Peter Wong Yiu-kai, who donated a premises of over 3,000 square feet at Fook Chi Building, Kowloon City.

– The family and friends of the late Mrs Kitty Siu JP, MBE ( * Pls see footnote for her lifetime achievements), who funded the renovation in her memory.

We extend our deepest gratitude to all donors and supporters who share our commitment to fostering a culture of peace and understanding through mediation.

Guests of Honour include:

Hong Kong Sheng Kung Hui, The Most Revd Andrew CHAN

Former Vice-President of the Court of Appeal, High Court, Mr Justice Wally Yeung GBS

Permanent Judge of the Court of Final Appeal, The Honourable Mr Justice Johnson LAM Man-hon

Deputy Secretary for Justice, Mr Horace CHEUNG Kwok-kwan SBS JP

The Honourable Legal Legislative Councillor, Mr Ambrose LAM San-keung

The Honourable Legal Legislative Councillor and the President of The International Probono Legal Services Association Limited, Mr Junius HO Kwan-yiu

The President of The Law Society of Hong Kong, Mr Roden TONG Man-lung

The Hong Kong Bar Association Vice-President Mr Jose-Antonio Maurellet S.C.

Past Chairlady of Hong Kong Federation of Women Lawyers Ms Julianne DOE Pearl

Fook Chi Building Owners Incorporated President Ir Peter WONG Yiu-kai

Mr Winston Siu Wing-yan

Chairlady of JMHO Ms SIU Wing Yee, Sylvia, JP

Mr Alfred Siu Wing-fung

The chairlady of the JMHO, Ms Sylvia Siu Wing-yee, JP, first delivered a welcome speech. She was very happy to meet all the legal and community elites who can attend the opening ceremony of the training center named after her mother. She, on behalf of her mother and all the directors of the JMHO would like to express her most heartfelt thanks to all the guests. This year marks the 75th anniversary of the mainland and the 27th anniversary of Hong Kong’s return to the motherland. In the “Policy Address” just released by Chief Executive John Lee Ka-chiu, he is determined to build Hong Kong into a “regional international legal and dispute resolution service center”, “strengthen the promotion of mediation services” and “The International Organization for Mediation” headquarters will be established at the old Wan Chai Police Headquarters. The government continues to promote the “Community Mediation Pilot Scheme”. The establishment of this center is in response to the initiative of the Chief Executive’s policy address. At the same time, the opening attracted more than a dozen representatives of mediation centers from Belt and Road countries to send congratulatory messages, proving that the JMHO can play the role of “super connector” for Hong Kong.

The Most Revd Andrew CHAN said that the meaning of mediation and communication is a listening ear and an open mind. He firmly believes that only mutual understanding and trust can resolve disputes. Whether the outcome of a dispute is a win-win or a lose-lose depends on our attitude towards life.

Mr Horace CHEUNG Kwok-kwan SBS JP, Deputy Secretary for Justice of Hong Kong, said that since the establishment of the JMHO, they have been committed to assisting in promoting mediation to resolve disputes. In addition to organizing lectures and trainings, the JMHO also provides non-profit mediation services to the Judiciary. The opening of the training center is another milestone in the work of the JMHO. He was very pleased to see the selfless contributions made by everyone present, especially Mr Peter Wong’s generous sponsorship of the venue. This year’s “Policy Address” mentioned that the government will launch a “Community Mediation Pilot Program” and increase training in order to bring the culture of mediation into the community. He hopes to work with the JMHO and all sectors of society to jointly build Hong Kong into a regional international legal and dispute resolution service center.

Mr Junius HO Kwan-yiu, member of the Hong Kong Legislative Council and president of the Hong Kong International Pro Bono Legal Services Association stated that mediation means that one person can take a step back and the sky is brighter. The government has launched a series of measures, including “The International Organization for Mediation”. He hopes that Hong Kong, as a tiny city, can gather talented people and covers the whole world, so as to achieve the effect of making peace. In the near future, he will cooperate with the JMHO to promote mediation in the Greater Bay Area.

Mr Roden TONG Man-lung, President of the Law Society of Hong Kong, was very moved when he saw the establishment of the training center. Siu Szeto Kit, JP, has been enthusiastic about public welfare for many years. She served as the chairman of Po Leung Kuk and was committed to expanding education and child welfare, making great contributions to society. She respects the seniors very much, and he believes that Mrs. Kitty Siu’s spirit of serving the society will continue through the training center. “Through talent training, we can help all sectors of society resolve disputes in a peaceful manner and build a harmonious, stable society where people can live and work in peace and contentment,” he said.

Mr Jose-Antonio Maurellet S.C., Vice-Chairman of the Hong Kong Bar Association, congratulate the opening of training centre in To Kwa Wan. Named after the late mother of JMHO’s Chairlady, Ms. Sylvia Siu, JP, the training centre is the latest chapter in JMHO’s illustrious history, and also testifies to the outstanding contributions made by Ms Siu in promoting JMHO’s work. Now in its 14th year, JMHO had played a central role in promoting the use of mediation as a means of dispute resolution in Hong Kong. As a member organization, the Hong Kong Bar is proud of the JMHO’s achievements and look forward to further collaboration in the future, with the ultimate aim of putting mediation in its proper place as an integral element of a quick and effective system for resolving disputes amongst those who need it most.

Significance of the Centre

This Centre aligns with the initiatives outlined in the Chief Executive’s 2024 Policy Address, which emphasized developing Hong Kong as a “Regional Centre for International Legal and Dispute Resolution Services” and promoting mediation services. Members of the Board of Directors of the JMHO (see annex for details) welcome the Chief Executive’s proposed series of measures, which we believe will effectively promote the development of mediation in Hong Kong, enhance the system on local accreditation and disciplinary matters for the mediation profession, and further strengthen Hong Kong’s role as an international mediation centre. The JMHO also lauds the establishment of a Sports Dispute Resolution System, and the government’s initiatives incorporate mediation clauses in government contracts, and encourage private organisations to make reference to and adopt such clauses.

By stepping up the promotion of mediation services, we aim to support the government’s efforts in enhancing local accreditation and disciplinary systems within the mediation profession. The Centre will offer comprehensive training programs designed to equip mediators across varying sectors and disciplines, with the skills needed to handle a wide range of disputes.

Our Cooperating &/or Friendly Partners for our past events include:

International:

AALCO Hong Kong Regional Arbitration Centre

Asia Pacific Centre for Arbitration & Mediation

Nepal International Arbitration and Dispute Resolution Centre

The Indonesia Mediation Center

Asian Mediation Association

Australasian Dispute Resolution Centre ADRC

Malaysian International Mediation Centre

Borneo International Arbitration and Mediation Centre

Mainland China:

China Council for the Promotion of International Trade Mediation Centre

International Commercial Mediation Centre for Belt and Road Initiative

Shenzhen Court of International Arbitration

South China International Arbitration Center (HK)

Guangzhou Arbitration Commission

Nansha International Arbitration Court

Zhuhai Court of International Arbitration

Hainan International Arbitration Court

Dongguan Commercial Mediation Center

Hengqin International Commercial Mediation Center

Huizhou Arbitration Commission

Guangdong-Hong Kong-Macao Bay Area Entrepreneurs Alliance

China, Hong Kong:

Hong Kong Judiciary

Department of Justice, Hong Kong

Development Bureau, Hong Kong

Hong Kong Urban Renewal Authority

Hong Kong Trade Development Council

Consumer Council

Financial Dispute resolution Centre

The Chinese Manufacturers’ Association of Hong Kong

The Chinese General Chamber of Commerce

Hong Kong Federation of Women Lawyers

Hong Kong Mediation Accreditation Association Limited

Hong Kong Institute of Surveyors

eBRAM International Online Dispute Resolution Centre

Hong Kong Chinese Women’s Club Madam Wong Chan Sook Ying Memorial Care & Attention Home for the Aged

Evercare Elderly Care Services

Catholic Education Office

Catholic Diocese of Hong Kong

Education Division, Tung Wah Group of Hospitals

Grant Schools Council

Hong Kong Chinese Women’s Club

Hong Kong Chinese Women’s Club College

HKCWC Fung Yiu King Memorial Secondary School

The Society of Rehabilitation and Crime Prevention, Hong Kong

The International Probono Legal Services Association

Hong Kong Wenzhounese Charity Fund Limited

Seto Clans Association

Shun Tak Fraternal Association Yung Yau College

Po Leung Kuk Siu Hon Sum Primary School

China, Taiwan:

Chinese Arbitration Association International (Taipei)

China ,Macau,:

World Trade Center Macau Arbitration Center

Our Friendly Individual Supporters for our past event

NPC Deputies

Mr Andrew YAO, BBS, JP

Dr Grace LING

Prof Priscilla LEUNG, SBS, JP

Mr Rock CHEN Chung-nin, SBS, JP

Ms Maggie CHAN, MH, JP

Mr Nicholas CHAN, MH, JP

Dr Kennedy WONG, BBS, JP

CPPCC Member

Ms Melissa PANG, BBS, MH, JP

Dr Thomas SO, JP

LegCo Member

Hon Andrew LEUNG Kwan-yuen, GBM, GBS, JP

Hon Tommy Cheung Yu-yan, GBM, GBS, JP

Hon Paul TSE, JP

Hon Michael TIEN, BBS, JP

Ir Dr Hon LO Wai-kwok, GBS, MH, JP

Dr Hon Junius HO, BBS, JP

Hon Eunice YUNG, JP

Hon Tony TSE Wai-chuen, BBS, JP

Hon Doreen KONG Yuk-foon

Dr Hon TIK Chi-yuen, SBS, JP

Dr Hon CHOW Man-kong

Hon Ambrose LAM, JP

Hon TANG Ka-piu, BBS, JP

Hon Carmen KAN

Hon Adrian HO

Hon SHANG Hailong

Prof Hon CHAN Wing-kwong

Presidents of HKIArb

Mr KWONG Chi-Keung, JP (past)

Mr Samuel Wong Chat-chor (present)

JMHO Ambassador

Ms Vivian Kong Man-wai

The JMHO offers a variety of training programs, including specialized courses on the :-

1) Mediator Assisted Case Settlement Conference

2)Mediation Pilot Scheme for the Land (Compulsory Sale for Redevelopment) Ordinance (Chapter 545)

to enhance the skills and accreditation of mediators.

We look forward to welcoming you to this landmark event.

JMHO Management Team
Chairlady Ms SIU Wing Yee, Sylvia, JP
Vice-Chairman Ir TONG Pui Keung, Sidney
Honorary Secretary Mrs WONG NG Kit Wah, Cecilia
Honorary Treasurer Dr FONG Shiu Man David
Board Member Ms PANG Melissa Kaye, BBS, MH, JP
Board Member Dr TO Wing, Christopher
Board Member Dr LEE Tsz Hang (Lawrence)
Honorary Advisor Mr CHAN Bing Woon, SBS, JP
Honorary Legal Advisor Dr LEUNG Wing Hang, Vitus, BBS, JP

*Lifetime achievements of Mrs Kitty Siu JP, MBE

Hong Kong philanthropist Kitty Szeto Kit, who led several charity groups in the city, has died aged 92.

Chief Executive John Lee Ka-chiu led the tributes to Szeto and said she was a hugely respected philanthropist who dedicated her life to public welfare and made an outstanding contribution to charity work.

Lee said he “deeply mourned” the death of Szeto. “Her noble virtues, compassion and selfless dedication make her a social role model worthy of admiration and emulation,” he added.

Szeto married construction tycoon Siu Hon-sum in 1950.

She developed new initiatives in education, women’s and children’s services and other areas with her leadership of social services charity Po Leung Kuk, Hong Kong’s Community Chest and the Hong Kong Chinese Women’s Club.

She also raised funds for charity, which helped provide kindness and relief to countless individuals from all walks of life.

Szeto was tireless in her charitable work and relentless in her self-improvement as she believed that the elderly should be involved in lifelong learning and keep pace with the times.

Szeto was a pioneer in education for the elderly in Hong Kong and set up the University of 3rd Age (U3A) Network of Hong Kong in 2006 to help older people make the most of their golden years.

The network …… encourages retired people to pursue lifelong learning and contribute to the community through voluntary work.

  • Abstract from SCMP on 22 Jul 2024.

Hashtag: #JMHO #mediation #hkmediationtraining #nonprofitmediationservices #JointMediationHelplineOffice #JMHOSiuSzetoKitJPMBETrainingCentreOfficiallyOpensinKowloon #nonprofitmediationservices #hktaxexemptcharity

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

About JMHO

Established in 2010, the Joint Mediation Helpline Office (JMHO) is a coalition of professional institutions committed to providing non-profit mediation services. We have been recognized as a Section 88 tax-exempt charity since 2011. Our existing members include:
– Law Society of Hong Kong
– Hong Kong Bar Association
– Hong Kong Institute of Arbitrators
– Chartered Institute of Arbitrators (East Asia Branch)
– Hong Kong Institution of Engineers
– Hong Kong Mediation Council
– Hong Kong Mediation Center

Cyberport Venture Capital Forum 2024 Grand Opening

Celebration of Cyberport Investors Network’s 7th Anniversary with Total Investments Surpassing HK$2.5B and Membership Exceeding 200


HONG KONG SAR – Media OutReach Newswire – 24 October 2024 – The Cyberport Venture Capital Forum 2024, a premier annual event in the global venture capital scene organised by Cyberport, was inaugurated today. The two-day event, themed “Innovation Challenger: Building New Venture Visions”, brings together over 90 globally influential venture experts, entrepreneurial visionaries and innovative thinkers. They explore the future of innovation and entrepreneurship from fresh perspectives and delve into how emerging technologies such as Web3.0 and artificial intelligence (AI) can help companies and investors breakthrough in the rapidly evolving venture capital market, creating new opportunities. Meanwhile, Cyberport also celebrated the 7th anniversary of Cyberport Investors Network establishment, and Cyberport start-ups’ fundraising achievements.

The Cyberport Venture Capital Forum 2024 kicks off today, delving into the prospects and strategies of the venture capital market amid the shifting focus of emerging technologies and the global economy towards regions like the Middle East, ASEAN, and Greater China. Today's event also features the celebration of the seventh anniversary of the
The Cyberport Venture Capital Forum 2024 kicks off today, delving into the prospects and strategies of the venture capital market amid the shifting focus of emerging technologies and the global economy towards regions like the Middle East, ASEAN, and Greater China. Today’s event also features the celebration of the seventh anniversary of the “Cyberport Investors Network.”

During the event, Professor Sun Dong, Secretary for Innovation, Technology and Industry of the HKSAR Government, delivered the opening remarks; while Simon Chan, Chairman of Cyberport, presented the welcoming address. Hendrick Sin, Chairman of the Cyberport Investors Network (CIN) Steering Group, Co-Founder & Vice Chairman of CMGE Technology Group Limited, and Founding Partner of China Prosperity Capital, reviewed the impressive journey and achievements of CIN over the past seven years. Together with other guests, they officiated the opening ceremony, marking the official start of this eagerly awaited global forum.

Professor Sun Dong, Secretary for Innovation, Technology and Industry of the HKSAR Government, said in his remarks, “CVCF has been ‘connecting visionaries and cultivating the future’. It gathers the brightest minds from the innovation and technology (I&T) and the venture fund worlds, to brainstorm fresh ideas and approaches on how to support our start-ups in generating more breakthrough and new solutions. The Chief Executive announced a series of new and exciting I&T initiatives in his Policy Address last week to inject impetus into our I&T ecosystem. We will set up a $10 billion I&T Industry-Oriented Fund to channel more market capital to invest in specified emerging and future industries of strategic importance, and optimise the existing Innovation and Technology Venture Fund by redeploying $1.5 billion to set up funds jointly with the market on a matching basis to invest in Hong Kong’s start-ups ecosystem. We will also launch the Pilot I&T Accelerator Scheme which aims to attract professional start-up service providers with proven track records from local and outside Hong Kong to set up accelerator bases in Hong Kong, thereby fostering the robust growth of start-ups.”

Simon Chan, Chairman of Cyberport, stated in his welcoming speech: “The Policy Address delivered last week outlined plans for increased investment and guide more market capital initiatives, including the establishment of a HK$10 billion I&T Industry-Oriented Fund and the launch of the I&T Accelerator Pilot Scheme. These initiatives aim to enhance investment in the I&T sector and accelerate its overall development. As Hong Kong’s digital technology flagship and incubator for entrepreneurship, Cyberport will continue to align with the strategies of the HKSAR Government. Through international events likes the CVCF, we aim to further leverage Hong Kong’s unique role under the Belt and Road Initiative, fostering cross-border collaboration and supporting start-ups in exploring business opportunities in the Greater China, ASEAN and Middle East regions.”

During the Forum, Cyberport announced the signing of a Memorandum of Understanding with Draper Dragon to jointly establish the “Cyberport x Draper Dragon Web3.0 Accelerator Programme”. By integrating Draper Dragon’s Silicon Valley incubation experience with Cyberport’s thriving Web3.0 ecosystem, the collaboration aims to accelerate industry development across talent cultivation, project incubation, and investment, connecting Silicon Valley and Hong Kong’s related industries. Draper Dragon will also select suitable projects from Cyberport start-ups that completed the Accelerator Programme to invest in, enhancing innovation efficiency and aligning Hong Kong Web3.0 innovation with international standards. The agreement signing was witnessed by Simon Chan, Chairman of Cyberport, and Larry Li, Managing Partner of Draper Dragon. It was signed by Ir Eric Chan, Chief Public Mission Officer of Cyberport, and Richard Wang, Partner of Draper Dragon.

Tim Draper, Founder of Draper Dragon said in his pre-recorded speech, “I was happy to be working with Cyberport at Draper University where they brought in entrepreneurs coming from the Web3.0 world. I look forward to having this amazing on-going relationship with Cyberport and all the entrepreneurs associated with it. I think Web3.0 and decentralisation are huge transformational technologies that are going to change the entire nature of how we do things. Everything from banking to insurance and healthcare to legal, they are all going to be transformed by the new technologies. The power of Web3.0 will introduce the world to new ways of operating and I think this will bring the world closer together, wealthier and those living in it will be better off.”

Cyberport Investors Network Membership Internationalised with Expansion to Multiple Regions

The Cyberport Investors Network (CIN) has consistently attracted powerful investment entities from around the world, connecting them with high-potential companies within the Cyberport community. This year marks the 7th anniversary of CIN. Since its inception, CIN’s total investment amount has reached over HK$2.597 billion, an increase of more than HK$560 million from last year, representing a 64% year-on-year growth. Cumulatively, CIN has facilitated 96 project matches, 21 more than last year, reflecting a 1.5-fold annual increase. This year, more than 30 new investment entities have joined CIN, bringing the total number of investment entities to over 200, including investors from Mainland China and the Asia-Pacific region. This diversification showcases the global reach and inclusiveness of the network, attracting international venture capital.

Cyberport has also been continuously investing in high-potential start-ups within its ecosystem through the Cyberport Macro Fund (CMF) and has actively assisted them in securing funding. As of September 2024, CMF has invested in 28 start-ups projects, including Green Monday, a company developing plant-based meat products this year. This highlights the importance of green technology and sustainability for the future of society. Currently, the total investment amount of CMF and co-investments has exceeded HK$1.94 billion, with a co-investment ratio of 1:9, showcasing Cyberport’s strong capability in attracting investments.

On the future direction of the CIN, Hendrick Sin, Chairman of the Cyberport Investors Network (CIN) Steering Group, Co-Founder & Vice Chairman, CMGE Technology Group Limited, and Founding Partner, China Prosperity Capital, shared the following: “With the HKSAR Government continuously strengthening regional cooperation with the ASEAN and Middle Eastern markets, the ‘Cyberport Investors Network’ is fully prepared to play a key role in this effort. It aligns with current policies for investing in the I&T sector, focusing on both local and global expansion. Our goal is to achieve an annual growth rate of 20% in the number of investor members, providing a robust source of deals for investors while fully supporting the fundraising and growth of the Cyberport community. Looking ahead, the CIN and CMF will work together to facilitate more investment matchings, uncover investment opportunities, and to expand the global impact of Hong Kong’s start-ups.”

Cyberport Start-up Fared Well in Dealmaking with High-Value Ventures

Due to the impact of the macro economy, the global start-ups landscape is constantly changing. Entrepreneurs need bolder and more innovative visions to attract investors and build partnerships. Over the past year, Cyberport community start-ups have shown outstanding fundraising performance, successfully raising over HK$3.7 billion, a 23% increase year-on-year, bring the cumulative total to over HK$41.2 billion. Several companies recently completed significant funding rounds, including Klook, Leapstack, Buy&Ship, and MediConCen. Additionally, this year, Cyberport community member, HashKey Group, a licensed virtual asset trading platform, emerged as the eighth unicorn in the Cyberport community. This reflects the continued investor interest in the Web3.0 ecosystem.

Focusing on the Venture Capital Landscape: Interpreting Innovation Potential

This year’s Forum focuses on multiple keynote speeches and focused discussion, inviting several heavyweight figures from the venture capital industry to share global venture capital trends and analyse how emerging technologies, artificial intelligence and Web 3.0 are opening markets and fostering collaboration to drive innovative thinking.

Industry leaders, including Anson Bailey, Head of Consumer & Retail, Asia Pacific, KPMG China, shared the latest edition of “Venture Pulse Q3 2024”, analysing venture capital conditions and trends from a global and regional perspective. Yash Sankrityayan, Managing Partner, Jungle Ventures, discussed the history and future prospects of growth investment in ASEAN and shared successful experiences. Andrew Chung, Founder & Managing Partner, 1955 Capital, presented a framework for how entrepreneurs and investors must “invent the future” and shared a brighter view of how technologies – from climate tech to healthcare, and from AI to Web3 – can improve our lives. Additionally, Alex Witt, General Partner, Verda Ventures, explored how to capture the potential opportunities in Africa, the fastest-growing and largest Web3.0 market, through a unique approach combining technological expertise, distribution, and capital.

Strategic initiatives and funding support from the HKSAR Government are undoubtedly crucial for the development of the local I&T sector. Legislative Council Member Honourable Duncan Chiu, along with representatives from CUHK Innovation Limited, the Knowledge Transfer and Entrepreneurship Office of the Hong Kong Polytechnic University, and Beyond Ventures, as well as Hendrick Sin, Chairman of Cyberport Investors Network (CIN) Steering Group; Co-Founder & Vice Chairman, CMGE Technology Group Limited, and Founding Partner, China Prosperity Capital, joined business leaders to discuss the latest measures, strategies, and support from the HKSAR Government in supporting the development of the local I&T sector.

Another highlight of this year’s Forum is exploring how emerging technologies such as Web3.0 and artificial intelligence are driving market momentum. Jupiter Zheng, Partner at HashKey Capital, a member of the Cyberport Web3.0 Investment Circle, analysed future investment opportunities in the Web3.0 industry, while Richard Wang, Partner at Draper Dragon, emphasised the importance of supporting Web3.0 infrastructure and practical applications.

Web3 Spotlight Events Taking the Stage throughout the Second Day of the Forum

As a continuation of the conversation from CVCF, several Web3-focused events will follow, including the Web3.0 Project Demo Day – Inno Ignite, organised by BlockBooster. Start-ups at the forefront of the Web3 revolution will showcase their innovative projects at this event, revealing the unlimited potential of Web3 technology to attract funding. Participants will be able to interact with entrepreneurs and explore various investment opportunities for collaboration.

The second day of the Forum will feature the “Web3.0 Innovation Expo”, featuring over 15 global Web3.0 real-life use cases spanning digital payment, supply chain finance, digital identity authentication, financial innovations, sustainability, cultural preservation, etc. from various regions including Africa, Europe, South East Asia and the local Hong Kong. Industry experts will share blockchain success stories and valuable insights. Attendees will engage with corporate representatives, investors, Cyberport Web3.0 community members, and key blockchain ecosystem representatives to explore how Web3.0 is reshaping industries, driving innovation, and creating new opportunities.

Alongside this, as a sub-stage of the Web3.0 Innovation Expo, the Digital Visionaries Symposium 2024 will feature interactive sessions and panel discussions led by leading technology experts. It will delve into enterprise integration and transformative use cases of disruptive technologies such as AI and blockchain. (For the agenda of the second day and the “Web3.0 Innovation Expo,” please refer to the attachment.)

For programme schedules and full speaker line-up at this year’s CVCF, please visit: http://cvcf.cyberport.hk/

Appendix: Agenda of the Second Day and the “Web3.0 Innovation Expo”

Main Stage: Web3.0 Life: Demonstrating Real-World Solutions @ Function Room
Day 2 – 25 Oct (Fri) 14:00 – 19:00

Time Programme & target speakers
14:00 – 14:05 Welcome Remarks

  • Ir Eric Chan, Chief Public Mission Officer, Hong Kong Cyberport
14:05 – 14:10 Opening Remarks

  • Mr Joseph H. L. Chan, JP, Under Secretary for Financial Services and the Treasury, The Government of the Hong Kong Special Administrative Region
14:10 – 14:15 Group Photo
14:15 – 14:20 Development of Web3 Hub@Cyberport

  • Ms Georgina Chu, Chief Corporate Development Officer, Hong Kong Cyberport
14:20 – 14:35 Panel discussion 1: Defining Web3.0: Innovations and Impacts

Moderator: Ms Rachel Lee, Director of Web3 & FinTech Development, Hong Kong Cyberport

Panelists:

  • Mr Benjamin Chodroff, Head, HSBC Lab
  • Mr Vince Turcotte, Business Development Lead, Asia Pacific, Chainlink Labs
14:35 – 14:50 Panel discussion 2: Unleashing the Power of Stablecoins: Paving the Way for Financial Revolution

Moderator: Mr William Yao, Co-Founder, Global CPO & COO, Hamsa

Panelists:

  • Mr Sean Lee, Co-Founder and CSO, IDA
  • Ms Vivienne Fung, Head of Central Compliance Department, The Bank of East Asia
Web3.0 Use Cases Keynotes
AI + Web3
14:50 – 15:00 Keynote: Web3.0 Use Cases Keynote

  • Ms Anna Liu, General Manager of Tokenisation, HashKey Group
  • Mr Aaron Tsu, Growth Manager, AGI Open Network
  • Mr Chris Su, Founder & CEO, HolmesAI
Payment and Other Financial Innovations
15:00 – 15:10 Keynote: Stablecoins: The Emerging Market Story

  • Mr Alex Witt, General Partner, Verda Ventures
15:10 – 15:20 Keynote: Innovations in Digital Asset Custody

  • Mr Lucas Yang, Head of Sales and Solutions, Cobo
15:20 – 15:30 Keynote: Avalanche: Supporting Real World Use Cases

  • Mr Leroy Mah, Regional Head, Ava Labs
15:30 – 15:40 Keynote: The First PayFi Network

  • Mr Richard Liu, Co-Founder & Co-CEO, Huma Finance
Cultural
15:40 – 15:50 Keynote: IP-backed assets drive a new round of Renaissance

  • Mr Steven Mi, CEO, TraditioNow
Green and Supply Chain
15:50 – 16:00 Keynote: How a fintech is driving technology in construction

  • Mr Ben Wong, CEO, Riverchain
16:00 – 16:10 Keynote: Introduction to FISCO

  • Mr Philip Pun, Principal Product Evangelist, Webank
16:10 – 16:20 Keynote: OriginTrail: Decentralized Knowledge Graph

  • Mr Vincent Chan, Director, Polkaport East
  • Mr Zen Fong, OriginTrail’s APAC Partner & Ecosystem Builder
16:20 – 16:30 Keynote: Scaling Practical ESG impact with Web3.0

  • Mr Arthur Lam, Co-Founder & CEO, Negawatt Utility Limited
Financial Innovations
16:30 – 16:40 Keynote: Web3.0 Tokenization Use Cases

  • Mr Napoleon Lam, Senior Vice President, ABT
16:40 – 16:50 Keynote: Web3 Financial Innovation Use Cases

  • Mr Kevin Loo, CEO, DigiFT
Digital Identity & Verification
16:50 – 17:00 Keynote: Embracing Decentralised Identity

  • Mr Benjamin Chodroff, Head, HSBC Lab
17:00 – 17:10 Keynote: Ownership Transfer and Verification

  • Mr Jacky Lam, Executive Director, Certizen
Entertainment & Culture
17:10 – 17:20 Keynote: Cultural

  • Mr Sebastien Borget, Co-Founder & COO, The Sandbox
  • Ms Flora Chan, Partnership Account Manager, Great Entertainment Group
17:20 – 17:30 Keynote: Integrated AI Travel Web3 Platform

  • Ms Emma Lang Zijun, Marketing Manager, China Year International Technology Limited
17:30 – 17:55 Panel 3: Bridging the gap: The Road to Mass Adoption

Moderator: Ms Laura Wang, Partner, Elven

Panelists:

  • Mr Raj Bagadi, Founder & Director, E Money Network
  • Ms Serra Wei, Founder, Aegis Custody
  • Mr Justin Chan, CFA – Executive Vice President, Head of Business & Partnerships, RD Technologies
17:55 – 19:00 Networking Cocktail

Hashtag: #cyberport

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

About Cyberport

Cyberport is an innovative digital community with over 2,100 members including over 900 on-site and close to 1,200 off-site start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, wholly owned by the Hong Kong SAR Government. With a vision to be the hub for digital technology, thereby creating a new economic driver for Hong Kong, Cyberport is committed to nurturing a vibrant tech ecosystem by cultivating talent, promoting entrepreneurship among youth, supporting start-ups, fostering industry development by promoting strategic collaboration with local and international partners, and integrating new and traditional economic by accelerating digital transformation in the public and private sectors.

For more information, please visit

Acquisition of Three High-Quality Assets Drive Diversified Business Development for Goldstream Investment

HONG KONG SAR – Media OutReach Newswire – 24 October 2024 – Goldstream Investment Limited (Stock Code: 01328.HK) announced that the resolutions were unanimously passed at the extraordinary general meeting held on 21 October, 2024, for the signing of three agreements, including Feasible Result agreement, USFL agreement and TechStar agreement, the Company will acquire three high-quality assets of Hony Capital Group Limited with a total consideration of approximately US$38 million.

This acquisition will not only provide stable cash flow support for the long-term development of Goldstream Investment Limited but also signifies the strategic upgrade, driving the diversification of business development and is expected to create greater value for shareholders, among these:

  • Goldstream Investment Limited acquires a 30% equity interest of Feasible Result for US$26 million, and Feasible Result indirectly owns 100% equity interest in Shanghai Li Fung, which is in turn the registered owner of LiFung Plaza. LiFung Plaza’s positioning aligns fully with Shanghai’s plan to build a “3+6” new industrial system. It has transformed into a vibrant community centered around the AI and fashion industries, drawing in a cluster of technology and new economy companies to settle in. It is expected to bring in the property rental income and long-term enhancement of value in the future;
  • The Company indirectly acquires a 32% equity interest of USFL for US$5 million. The sole assets of USFL will be 908,000 Advaccine Shares, with no liabilities. As a Company listed on the NEEQ, Advaccine is a leading biotechnology enterprise incorporated in China. Its RSV vaccine is one of the fastest-developing products in China and is expected to generate stable revenue after commercialisation;
  • The Company acquires TechStar for a total consideration of US$6.877 million for shares for sale and warrants for sale. TechStar is a Special Purpose Acquisition Company (SPAC) listed in the Stock Exchange of Hong Kong focusing on the acquisition of high-growth companies in the “new economy” sector in China. Upon successful completion of any special purpose acquisition company mergers and acquisitions transactions, it will provide the Company with potential equity value growth.

This year, Goldstream Investment Limited has embarked on a high-speed development mode. At the beginning of the year, Mr. Gao Ziqi was appointed as the Executive Director and Chief Executive Officer of Goldstream Investment, bringing new vitality into the Company’s development. On the basis of the existing fund management business, the Company has newly opened up new modules such as corporate services, financial investments, and strategic investments, promoting the Company’s strategic upgrade and diversification of business development. Goldstream Investment Limited has successively established strategic cooperation with Meitu, Inc., iDreamSky Technology Holdings Limited and SenseTime Group Limited. In the future, the Company will continue to explore strategic cooperation with other companies to identify opportunities for synergies and mutual development.

While upgrading its strategy, Goldstream Investment Limited is also committed to enhancing its risk management capabilities and improving its operational efficiency to ensure sustainable growth and profitability. Despite of the market volatility experienced in the global financial markets in the first half of 2024, Goldstream Investment Limited has shown strong resilience and growth potential in the face of market challenges. The Company’s investment management (IM) services income increased by 34.3% compared with the Last Corresponding Period, and its strategic direct investments (SDI) business also recorded a significant increase of 91.9% compared with the Last Corresponding Period. The profit before income tax increased significantly by 36.1%.

Management stated that the Company remains positive about the market in 2024 and expects the SDI and IM businesses will continue to grow momentum in the remaining part of 2024. The Company will be well-positioned to take advantage of the economy recovery in China and is confident about the future. The above-mentioned major acquisitions are beneficial for improving the Company’s fundamentals and market value. Furthermore, it is not ruled out that Hony Capital Group Limited will further add high-quality assets on favorable terms in the future.
Hashtag: #GoldstreamInvestment

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

VinFast Officially Launches VF 7 For Sale in the Philippines


MANILA, PHILIPPINES – Media OutReach Newswire – 24 October 2024 – VinFast has officially announced pricing and opened reservations for its five-seater VF 7 electric SUV during the 12th Philippines Electric Vehicle Summit (PEVS), marking the third VinFast vehicle available in the Philippine market after the VF 5 and VF 3 models. This launch also underscores VinFast’s commitment to advancing green transportation in the Philippines and expanding its diverse electric vehicle offerings across Southeast Asia.

VinFast has announced pricing and opened reservations for its five-seater VF 7 electric SUV during the 12th PEVS.
VinFast has announced pricing and opened reservations for its five-seater VF 7 electric SUV during the 12th PEVS.

In the Philippines, the VF 7 will be available in two versions: Base and Plus, offering a variety of options tailored to meet the needs of different customers. Prices range from 1,470,000 pesos (battery subscription) to 1,760,000 pesos (battery included) for the Base version, and from 1,730,000 pesos (battery subscription) to 2,380,000 pesos (battery included) for the Plus version. The battery subscription plans start at just 6,300 pesos per month, allowing for cost optimization based on travel needs.

Monthly Travel Distance Monthly Battery Subscription Fee
< 1,500 km 6,300 pesos
1,500–2,500 km 9,000 pesos
> 2,500 km 15,000 pesos

Starting from October 24, customers can place a deposit of 5,000 pesos per vehicle through VinFast’s official website or authorized dealerships (refundable under VinFast’s terms). Additionally, those who reserve their VF 7 before November 24 will be eligible for discounts of up to 53,000 pesos and receive attractive gifts valued at up to 57,000 pesos.

Mr. Cao Ngoc Nguyen Duy, CEO of VinFast Philippines, shared: “The VF 7 is one of the boldest and most innovative models in VinFast’s extensive electric vehicle lineup. Our goal is more than just launching a new vehicle. We are inspiring a way of life centered around sustainability, promoting environmentally conscious and energy-efficient habits. By offering our products, we hope to partner with the Philippines in advancing a shared vision of a sustainable future and playing an active role in the global mission to cut carbon emissions.

The VF 7 Plus is equipped with dual electric motors, delivering a combined power output of 348.6 horsepower and 500 Nm of torque, and features all-wheel drive. The battery pack has a capacity of 75.3 kWh, providing a maximum driving range of approximately 496 km on a full charge (based on NEDC standards).

The VF 7 Base features a single electric motor with 174 horsepower and 250 Nm of torque. Its battery capacity is 59.6 kWh, offering a maximum range of 430 km per full charge (based on NEDC standards).

Both versions come equipped with essential safety features such as electronic stability control, traction control, hill-start assist, and anti-roll control. The Plus version also includes the Advanced Driver Assistance System (ADAS), which offers features like adaptive cruise control, lane departure warning, forward collision warning, rear cross-traffic alert, blind-spot monitoring, door-opening alert, automatic emergency braking, and a 360-degree camera system.

Beyond its impressive performance, the VF 7 features a highly aesthetic design. The car was designed by the renowned Torino Design studio in Italy, embodying four key elements: a unique overall design, distinct recognition details, refined finishes, and functional performance.

In addition to a wide array of pricing incentives and unique battery subscription plans, VinFast also offers a comprehensive after-sales service program, providing peace of mind for customers transitioning to green mobility. The VF 7 comes with a 10-year/200,000 km vehicle warranty, an 10-year unlimited mileage battery warranty (for battery purchases), and free maintenance, with battery replacement available if capacity falls below 70% (for battery subscription).Hashtag: #VinFast

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

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at:

PAKT Wins Vogue BMW Innovation Prize 2024


HONG KONG SAR – Media OutReach Newswire – 24 October 2024 – PAKT has been named the winner of the Vogue BMW Innovation Prize 2024, marking the Hong Kong start up’s second consecutive year in the competition. Following their launch in Hong Kong in 2016, they entered the Singapore market in 2023, and the win was announced at a captivating NEXT IN VOGUE gala dinner in Singapore where guests included industry-defining luxury brands, fashion icons and global celebrities including Academy Award nominee Stephanie Hsu. This incredible recognition coincides with the 8th anniversary of PAKT.

Barbara Yu Larsson Founder PAKT accepts Innovation prize from Lars Nielsen Managing Director BMW Group Asia
Barbara Yu Larsson Founder PAKT accepts Innovation prize from Lars Nielsen Managing Director BMW Group Asia

PAKT is a unique service revolutionising wardrobe management, that allows clients to store, digitise and sell their clothes and accessories. Its key functions include specialised storage in a climate-controlled warehouse, a digital inventory, deliveries on demand and the ability to sell items you no longer love, all managed through a personalised app.

“Winning the Vogue BMW Innovation Prize 2024 is global validation for PAKT and will bring us to the next stage of our journey as we continue our commitment to circularity,” says Barbara Yu Larsson, Founder and CEO PAKT. “Our vision is to revolutionise the way people manage what they wear and solve real problems by combining specialist care with the power of AI to expand our offerings.”

Lars Nielsen, Managing Director of BMW Group Asia, emphasized the group’s vested interest in nurturing the next generation of innovators, stating, “Coming off the heels from the incredibly successful inaugural Vogue Singapore x BMW Innovation Prize in 2023, we’re committed to elevating the experience in 2024. Embracing our dedication to nurturing creativity and empowering emerging talents in ASEAN, when creative minds come together, sparks fly! Be it digitalisation, groundbreaking ideas, or cutting-edge design, collaboration is the driving force propelling us into the future.”

Shortlisted applicants were invited to participate in a two-day bootcamp, followed by a month long mentorship programme, before presenting their business models to a final jury that included: Renzo Vitale, Creative Director Sound, BMW Group, Amanda Parkes, Chief Innovation Officer, Pangaia, Lauren Bartley, Chief Sustainability Officer, GANNI.

In addition to a monetary prize of SGD$20,000, the winner also receives media support, complimentary membership at the Singapore Fashion Council and an all-expenses-paid trip to Monaco courtesy of VisitMonaco.
Hashtag: #vogueinnovationprize #getpakt



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

PAKT

PAKT is the premier service for wardrobe management that integrates fashion storage, digital innovation and circular wardrobe solutions. With effortless convenience and professional care, PAKT provides speciality storage, a digital inventory, after care and consignment with resale partners. In today’s world of changing clothing ownership, amidst a growing focus on responsible consumption, PAKT’s vision is to revolutionise the way the modern wardrobe is managed, and our mission is to extend the life of clothing and accessories.