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A Meeting with Beauty in Horqin Right Wing Middle Banner of Hinggan League


HINGGAN LEAGUE, CHINA – Media OutReach Newswire – 23 September 2024 -On September 20, with the theme of “Singing and Touring Inner Mongolia · ‘Acer Monoes’ from the Grasslands”, a series branded event officially kicked off for the acer mono cultural tourism season in Horqin Right Wing Middle Banner at the southern foot of the Greater Khingan Mountains and the northern tip of the Horqin Sandy Land in Hinggan League, Inner Mongolia. This region boasts numerous accolades, including the National Practice and Innovation Base for “Lucid Waters and Lush Mountains Are Invaluable Assets”, Integrated Tourism Demonstration Zone of the Inner Mongolia Autonomous Region, and One Banner with Nine Townships and Five Intangible Cultural Heritage Items.

Landscape of acer mono forests in Hinggan League
Landscape of acer mono forests in Hinggan League

Horqin Right Wing Middle Banner in autumn is a canvas dyed in vibrant hues, with acer mono forests bathed in a cascade of colors, the Menggehan Mountain stretching out like a splendid brocade, and the crystal-clear Hangali Lake mirroring the sky. The unparallel beautiful natural landscape forms a unique picture of “autumnal romance” in Hinggan League.

Landscape of acer mono forests in Hinggan League
Landscape of acer mono forests in Hinggan League

The event will last until October 27, during which diverse activities will be held to showcase the abundant tourism resources of Horqin Right Wing Middle Banner and the profound cultural connotations of north China’s Inner Mongolia, attracting more visitors to a meeting with beauty in Horqin Right Wing Middle Banner of Hinggan League.

In recent years, Horqin Right Wing Middle Banner has been continuously deepening the development strategy of “fostering culture and tourism” and making all efforts to “revitalize the Banner through culture and tourism”. Fully focusing on upgrading and integrating the culture industry and tourism, Horqin Right Wing Middle Banner continues to extend the “One Area, Three Routes” premium tourism routes, passionately develops the “Acer Monoes from the Grasslands” cultural tourism brand, makes efforts to foster a diversified and multi-faceted tourism landscape, and keeps driving the trans-regional and cross-border leapfrog development of tourism, with the goal to make the national tourism resort become a destination of choice, which is preferred and on the must-visit list of visitors from home and abroad.

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

Atlas Lithium Progresses Towards Key Permitting

BOCA RATON, Florida – Newsfile Corp. – September 23, 2024 – Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or “Company”), a leading lithium exploration and development company, is pleased to announce that the technical management group of the state of Minas Gerais Environmental Foundation, the governmental agency regulating operational licensing within the state of Minas Gerais (the “Agency”), issued a 161-page technical report which recommends approval of Atlas Lithium’s permit application for its Neves Project. This is a critical step for the Company’s ability to receive the permit to assemble and operate its lithium processing plant and to process the mined ore at the facility.

Atlas Lithium filed its operational permit application on September 1, 2023. Since then, the Company’s Neves Project has been inspected by the Agency’s technical team, an essential step in the permitting process. During the last twelve months, Atlas Lithium received multiple sets of technical questions from the Agency’s staff which the Company addressed timely, leading up to the issuance of the Agency’s comprehensive report with the favorable recommendation for the approval of the Company’s permit application.

Marc Fogassa, CEO of the Company, commented, “This milestone announcement is one of the most significant developments in Atlas Lithium’s history. We extend our gratitude to the numerous experts from the environmental agency of the state of Minas Gerais who thoroughly analyzed our project and concluded with their recommendation for approval of our permit. We are continuing our steady progress towards becoming a producer.”

In other news, preparations continue as planned for the shipment of the Company’s lithium processing plant to Brazil. The plant’s components, manufactured in South Africa, will be assembled in Brazil to process ore from the Company’s Neves Project and produce lithium concentrate, a crucial commercial product in the global lithium supply chain and essential for EV battery production.

“The Atlas Lithium processing plant represents an advancement over traditional designs as it is compact and modular. We are making continued progress in finalizing all necessary pre-shipment steps”, said James Schloffer, a lithium processing expert and member of the Company’s Operations Committee.

The Company’s compact, modular plant design is expected to streamline transportation, installation, and commissioning. Compared to other processing facilities in the lithium industry today, this dense media separation plant will have reduced height, weight, and overall physical footprint. These features will contribute to an environmentally sustainable design that minimizes water usage by maximizing water recycling. Furthermore, Atlas Lithium’s project will employ dry stacking of tailings without the use of dams.

About Atlas Lithium Corporation

Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project in the state of Minas Gerais. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel, rare earths, titanium, graphite, and copper. The Company also owns equity stakes in Apollo Resources Corp. (private company; iron) and Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward-looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium’s ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.

Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled “Risk Factors” in the Company’s Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 27, 2024. Please also refer to the Company’s other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company’s views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.

Investor Relations
Gary Guyton
Vice President, Investor Relations
+1 (833) 661-7900
gary.guyton@atlas-lithium.com
https://www.atlas-lithium.com/
@Atlas_Lithium

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

ZJLD Conferred Metro Finance GBA ESG Achievement Awards 2024


HONG KONG SAR – Media OutReach Newswire – 23 September 2024 – The first baijiu company listed on the Hong Kong Stock Exchange and the second Chinese sauce-aroma baijiu stock being publicly listed, ZJLD Group Inc. (“ZJLD” or the “Company”, SEHK stock code: 06979. HK), has been awarded the prestigious “Outstanding Social Sustainable Awards” and “Outstanding Green Sustainable Awards” by the Metro Finance’s “GBA ESG Achievement Awards 2024”. This high-profile recognition greatly acknowledges the group’s initiatives in responsible consumption and production, as well as its climate action efforts.

The “GBA ESG Achievement Awards” is hosted by Metro Finance and supported by ten institutions and organizations, including the Hong Kong Quality Assurance Agency, the Hang Seng University of Hong Kong, and the CFA Society Hong Kong. Since 2020, the award has been commending outstanding enterprises in social sustainable development, green sustainable development and corporate governance for five consecutive years. In recent years, ZJLD has boldly innovated its approach in production and distribution in addressing climate change. The Group has persistently reinforced its governance foundation and steadily implemented its sustainability practices, which have led to this recognition and accolade.

In terms of social responsibility, the Group is committed to becoming a pioneer and leader in ESG initiatives in the baijiu industry, advocating for “sustainable distilling and responsible marketing”. From responsible procurement and green production to rational drinking, the Group has actively incorporated advanced sustainability measures across the entire industry value chain of baijiu production and promotion. Since 2022, the Group has introduced a comprehensive ESG assessment mechanism for suppliers, with an additional scoring system for outstanding suppliers to promote energy conservation and emission reduction. The Group mainly promotes outer-packaging-free baijiu, emphasizing high quality and simplifying the packaging to embrace minimalist aesthetics, allowing the essence of the baijiu to shine. Furthermore, the Group encourages consumers to recycle empty baijiu bottles. It has already collected nearly 30,000 bottles from 2023 to the first half of 2024, setting a target of not less than 47,000 bottles for 2024.

Regarding environmental protection, the Group has actively taken proactive climate action through a series of energy conservation and emission reduction initiatives, setting and adhering to its sustainable development goals. The Group conducts climate scenario analyses annually to identify climate-related risks and opportunities and has formulated corresponding countermeasures. To enhance energy efficiency, the Group has replaced all coal-fired boilers with natural gas boilers and achieved the interim target of utilizing 50% renewable electricity in the first half of 2024 by installing rooftop distributed photovoltaic systems. As of 2023, the Group has successfully reduced its Scope 1 and Scope 2 carbon emission intensity by 20.7%, achieving its 2025 target ahead of schedule. While we celebrate our achievements, as a responsible company who actively support the national “dual carbon” strategic goals and strive to support the 1.5℃ temperature control target of the Paris Agreement, the Group have decided to further enhance our ambition in responding to climate change, committing to peaking carbon emissions by 2028 and achieving carbon neutrality by 2050 in our own operations. The “2850 dual carbon” dedication has been carefully elaborated into annual targets as well as detailed action plans and approved by the Board of the Group in the third quarter of 2024.

Through our enduring efforts, we have made great progress in implementing a series of ESG improvement projects with encouraging results in the first half of 2024. The water consumption intensity, electricity consumption intensity and natural gas consumption intensity decreased considerably compared to 1H2023. Our ESG efforts have also been recognized by reputable public organizations and institutions. In June 2024, we received ESG rating of “AA” from Wind, ranking top 1 among 60 listed companies in the beverage sector. In addition, Zhen Jiu was among one of the five baijiu enterprises to be awarded as “National Green Factory”.

Mr. Ng Paul, the Executive Director and Head of International Operation of ZJLD Group, stated, “It is an honor to be recognized by the “GBA ESG Achievement Awards 2024” and to win the two key awards of “Outstanding Social Sustainable Awards” and “Outstanding Green Sustainable Awards”, which fully affirms the comprehensive strength of ZJLD Group. Looking ahead, we will actively respond to national strategies and overall social needs, implement sustainable development concepts and make all-out efforts to stabilize growth, create brand value, prevent risks, and fulfill our responsibilities. We aim to contribute to enhancing the vitality, competitiveness, and influence power of the baijiu industry, and demonstrate the social responsibility that should be shouldered by an outstanding enterprise in the Greater Bay Area.”

Hashtag: #ZJLD

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

About ZJLD Group Inc.

Zhen Jiu was established in 1975 in Zunyi, Guizhou, China’s primary production area of sauce-aroma baijiu. In 1988, it was honored with the National Quality Award at the 5th National Wine Appreciation Conference. It is one of the “Three Representative Sauce Flavor Brands in Guizhou”, along with Moutai and Xijiu. In the same year, it was announced by the Protocol Department of the Ministry of Foreign Affairs, the Communication Department of the Ministry of Economy and Trade, and the Great Hall of the People Management Bureau to become one of the two sauce-aroma baijiu served at state banquets.

ZJLD Group Inc. is a leading baijiu group in China that is devoted to offering baijiu products, including sauce-aroma, mixed-aroma, and strong-aroma, with sauce-aroma being its core. In terms of revenue in 2023, the Company was the third-largest private baijiu company in China, according to Frost & Sullivan statistics. The Company operates four baijiu brands in China, including Zhen Jiu, Li Du, and two leading regional names, Xiangjiao and Kaikouxiao. ZJLD prides itself on inheriting the time-honored baijiu-brewing techniques and reinvigorating them to develop iconic products. It strives to create a wide variety of aromatic and mellow baijiu products to meet the diverse preferences of consumers, seize broader market opportunities, and promote traditional Chinese baijiu culture.

Lao Producers Gear Up for Duty-Free Exports to UK Under New Trade Scheme

Lao Producers Gear Up for Duty-Free Exports to UK Under New Trade Scheme
The UK’s Minister for Trade Policy, Douglas Alexander, met with Laotian coffee producers and Yoyo Laos Sauce to discuss how the DCTS can support their expansion into the UK. (Photo credit: The UK embassy in Laos)

Lao food and drink producers are preparing to export their products tariff-free to the United Kingdom (UK) under the UK’s Developing Countries Trading Scheme (DCTS). This initiative provides Lao exporters with access to the UK market without the burden of import tariffs, opening up new growth opportunities.

Lao Government to Take Action Against Floodings, Economic Challenges

Lao Government to Take Action Against Floodings, Economic Challenges
This photo is used only for representational purpose (photo credits: Houaphanh Online Shop, Lao People's Army News)

The Lao government has outlined plans to tackle national issues during its latest cabinet meeting. Taking place on 20 September, the meeting primarily focused on addressing continuous flooding across the country and economic challenges.

DHL Global Forwarding China introduces cross-border e-commerce solution ahead of peak season

  • A variety of solutions will offer simple and affordable cross-border shipping with returns and integration with existing e-commerce platforms
  • Provide end-to-end delivery service from China to Germany within 4-5 working days
  • Expedited solution to Europe, United Kingdom and U.S.

SHANGHAI, CHINA – Media Outreach Newswire – 23 September 2024 – DHL Global Forwarding, the freight specialist of DHL Group, is introducing a variety of cross-border e-commerce solutions ahead of the year-end holiday shopping season globally. The solutions will offer cross-border shipping from China to the world with different service levels and features, as well as an integrated tracking platform for end-to-end visibility.

DHL Global Forwarding China introduces cross-border e-commerce solution ahead of peak season
DHL Global Forwarding China introduces cross-border e-commerce solution ahead of peak season

China’s e-commerce sector has continued to grow despite a mixed global economic sentiment. In the first half of 2024, China’s cross-border e-commerce trade totaled 1.22 trillion yuan (EUR155 billion), a 10.5% growth year-on-year. 1

“Chinese companies like Shein, Temu, AliExpress and Tik Tok Shop are gaining popularity globally. While the U.S. remains the primary export market, Europe is fast catching up as a critical region for these e-commerce platforms. In DHL’s recent Global Shopper Trends Report, 53% of European online shoppers purchase goods from China,” said Aditi Rasquinha, CEO of Greater China, DHL Global Forwarding.

“Cross-border e-commerce business can face many hidden obstacles, especially for small- and middle-sized customers who are not yet familiar with customs and logistics regulations at destination markets. DGF can be a strong and reliable partner for them. Our solution provides Chinese e-commerce companies with a simple and affordable cross-border shipment solution with returns, with full and semi-tracking options,” said Robin Li, Vice President, Global E-commerce Development, DHL Global Forwarding.

The e-commerce solutions from DHL Global Forwarding China will offer:
  • End-2-End ONE DHL solution in all key markets
  • Fast and Reliable transit time with full track and trace functionality
  • Access to over ten thousand certified e-commerce specialists across the globe with local market expertise
  • Simple IT integration options including APIs, web portals, major marketplaces and e-commerce platforms
  • Different options to cater to the needs of large e-commerce platforms right down to local sellers/Direct-To-Consumer (DTC)(卖家/独立站)
One of the major advantages of the solution is the direct market access into Europe through the DHL network. The solution will feature:
  • End-to-end fast delivery within 4-5 days from China to Germany
  • Fully managed customs clearance
  • Fast & reliable transit time and doorstep delivery with delivery confirmation
  • End-to-end shipment visibility for senders and recipients via a 24/7 DHL customer portal

The e-commerce solution will also offer expedited service to other markets such as the rest of Europe, the United Kingdom and the U.S.

“We are making it easier for our customers to focus on what they do best: bringing their products to a global audience. This solution is designed to help them maximize their reach while minimizing their effort.

It is particularly timely with the year-end holiday season fast approaching and we are ready to serve the peak season demand,” added Aditi.

For more information on DHL Global Forwarding’s e-commerce solution, please visit our website.

Hashtag: #DHL #DHLGlobalForwarding


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

DHL – The logistics company for the world​

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of DHL Group. The Group generated revenues of more than 81.8 billion euros in 2023. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.

China-Laos Railway Facilitates Regional Trade Surge, Handling Over 10 Million Tons of Goods

Lao-China railway (Photo credit: Baolau)

Since its launch on 3 December 2021, the China-Laos Railway has handled over 10 million tons of goods valued at CNY 40.77 billion (USD 5.74 billion) as of 16 September, according to local authorities.

Ascott expands flex-hybrid model dominance in Southeast Asia with a bumper crop of signings and openings

Secures 28 new signings year-to-date in Southeast Asia, with plans to open 28 properties across the region this year


SINGAPORE – Media OutReach Newswire – 23 September 2024 – The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), today announced 28 new signings year-to-date in Southeast Asia, adding over 3,400 units across its various brands in key destinations. Accounting for more than half of Ascott’s global signings year-to-date, they will augment Ascott’s portfolio in Southeast Asia to over 360 properties – both operational and in the pipeline – across 86 cities in nine countries: Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.

From left to right - Ms Serena Lim, Chief Growth Officer, Ascott; Mr Kevin Goh, CEO, Ascott and Lodging, CapitaLand Investment; Mr Derek Yan, Vice President, Projects and Product Development, Bayview International Hotels & Resorts; Ms Carina Tan; Datin Seri Joanna Lim; Dato' Sri Datuk Wira Tan Hui Jing, Executive Director, Oriental Holdings Bhd. and Deputy Chairman, Boon Siew Honda Sdn. Bhd.; and Ms Wong Kar Ling, Chief Strategy Officer and Managing Director, Southeast Asia, Ascott. Photo was taken in the Ascott Privilege Signatures Lounge during the Formula One night race in Singapore.
From left to right – Ms Serena Lim, Chief Growth Officer, Ascott; Mr Kevin Goh, CEO, Ascott and Lodging, CapitaLand Investment; Mr Derek Yan, Vice President, Projects and Product Development, Bayview International Hotels & Resorts; Ms Carina Tan; Datin Seri Joanna Lim; Dato’ Sri Datuk Wira Tan Hui Jing, Executive Director, Oriental Holdings Bhd. and Deputy Chairman, Boon Siew Honda Sdn. Bhd.; and Ms Wong Kar Ling, Chief Strategy Officer and Managing Director, Southeast Asia, Ascott. Photo was taken in the Ascott Privilege Signatures Lounge during the Formula One night race in Singapore.

This development reflects Ascott’s notable growth trajectory in Southeast Asia, with its portfolio increasing more than fivefold over the past decade, from 13,000 units in 2015 to more than 67,000 today. Additionally, the new signings will mark Ascott’s entry into new cities such as Purwakarta in Indonesia and Kulim in Malaysia.

Ms Serena Lim, Chief Growth Officer for Ascott, said: “Ascott’s flex-hybrid hotel-in-residence model is designed to meet every travel intent and accommodate various lengths of stay, appealing to property owners and developers across different asset classes and locations. This model has shown remarkable resilience during and after the pandemic, establishing itself as the preferred choice in the lodging industry. Our recent signings in Southeast Asia underscore the confidence property owners and developers have in us, reinforcing the dominance of Ascott’s flex-hybrid model in the region. By employing a ‘glocal’ approach, we effectively broaden our reach with Ascott’s global brands while also delving deeper into the local destinations through our regional offerings. This strategy enables us to capture not only inbound travel to Southeast Asia but also intraregional and domestic travel, further enhancing Ascott’s market performance.”

“Ascott was recognised by hospitality research firm STR as one of the top three global hospitality companies with the largest active pipeline in the region at the Southeast Asian edition of the Asian Hotel Industry Conference & Exhibition 2024 in February. We will continue to build on this momentum to strengthen Ascott’s leadership in Southeast Asia by offering tailored solutions. Our deep cultural understanding and strong relationships with local owners provide us with a strategic advantage, fuelling our growth within the region and supporting our expansion in markets like the United Kingdom and Australia, where our Southeast Asia-based owners also hold valuable assets. Backed by our experienced global teams with extensive local expertise, we are well positioned to drive Ascott’s global expansion,” added Ms Lim.

Ms Wong Kar Ling, Chief Strategy Officer and Managing Director of Southeast Asia for Ascott, said: “Ascott’s journey as a global hospitality leader began in Singapore 40 years ago, and our continued growth in Southeast Asia highlights the region’s importance as both our home base and a key strategic market. Contributing over 30% of our total revenue, this region remains central to Ascott’s global expansion strategy.”

“Leveraging our experienced local teams and their deep market insights, along with a robust conversion framework that enhances our speed-to-market, we are on track to open 28 new properties in Southeast Asia this year, with 12 already completed. Our diverse new offerings, which include beach resorts, boutique heritage hotels, full-service city hotels and premium serviced residences, will cater to a wide range of guest preferences. We remain dedicated to strong execution and operational excellence to drive Ascott’s performance in Southeast Asia,” added Ms Wong.

Ascott’s expansion comes amid strong growth prospects in Southeast Asia, as the region’s hotels market is expected to grow at a CAGR of 5.78% to achieve US$16.41 billion in revenue by 2029[1]. Destinations in Southeast Asia are likely to reach pre-pandemic levels in terms of tourism arrivals by the end of 2024[2].

Ascott’s Global Brands Propel Its Expansion Across Southeast Asia

Seven of Ascott’s newly signed properties in Southeast Asia are under Oakwood, which continues its strong momentum as one of Ascott’s fastest growing global brands. Oakwood will open in Cambodia, and expand across several Indonesian cities with properties including Oakwood Serpong, Oakwood Yogyakarta, Oakwood Merdeka Bandung, Oakwood Palm Hill Semarang and Oakwood Slipi Jakarta. The seventh addition, an Oakwood Premier property in Singapore, will mark the first Oakwood Premier branded property in Southeast Asia since the brand’s refresh earlier this year.

The new signings also feature four Somerset properties and three Citadines properties, highlighting the continued appeal of these global brands. Additionally, The Unlimited Collection has expanded with two new properties, both in Penang, Malaysia. The lyf brand has also made notable strides, adding two new properties in Singapore – lyf Bugis Singapore, which opened in August 2024, and lyf Chinatown Singapore, currently under development.

The first lyf branded property in Singapore with a focus on wellness, lyf Bugis Singapore opened in August 2024.
The first lyf branded property in Singapore with a focus on wellness, lyf Bugis Singapore opened in August 2024.

Meanwhile, the growth of Ascott’s regional brands in Southeast Asia is led by HARRIS with two signings, and one each for Preference and Fox.

Ascott Expands Significantly in Penang and Batam

In terms of geographical expansion, Ascott has significantly boosted its presence in Penang, Malaysia by signing nine new properties in 2024 to date. This is almost double the number of signings in 2023, increasing Ascott’s portfolio in the state by more than 20%. Following the introduction of Oakwood, lyf, The Crest Collection and HARRIS brands in 2023, Ascott has further enriched its Penang portfolio with new signings under the Somerset and The Unlimited Collection brands. Among these, the latest addition, 1926 Heritage Hotel by The Unlimited Collection, is slated to open by mid-2026. This former residence of British colonial officials will be transformed into a stunning 78-unit property while preserving its Anglo-Malay architectural essence.

In Batam, Indonesia, Ascott has continued its positive signing momentum into 2024, doubling its portfolio in the city to 14 properties over the past two years. This growth includes the debut of Ascott’s global brands such as The Unlimited Collection, Citadines and Somerset. Please refer to the Annex for more highlights of Ascott’s new signings.

New Property Openings Amid Travel Rebound

Amid the travel resurgence in Southeast Asia, Ascott’s new property openings in 2024 have ushered the Oakwood brand into popular resort destinations. The opening of Oakwood Ha Long in Ha Long, Vietnam in January 2024, marked one of the first resorts in the portfolio. This was followed by the opening of Oakwood Hotel & Apartments Grand Batam in Batam, Indonesia in July 2024.

Ascott’s new property openings in 2024 have ushered the Oakwood brand into popular resort destinations. Oakwood Hotel & Apartments Grand Batam opened in Batam, Indonesia in July 2024.
Ascott’s new property openings in 2024 have ushered the Oakwood brand into popular resort destinations. Oakwood Hotel & Apartments Grand Batam opened in Batam, Indonesia in July 2024.

Among the 12 properties that have turned operational year-to-date are lyf Cebu City in the Philippines, Citadines Waterfront Kota Kinabalu in Malaysia and Somerset Kencana Jakarta in Indonesia. In the last quarter of this year, Ascott expects to open the first HARRIS property outside of Indonesia, HARRIS Hotel Sunshine Penang, in Penang, Malaysia. Penang will also welcome its first lyf property, the 144-unit lyf Georgetown Penang, which will exemplify the brand’s signature experience-led social living concept through its range of creative accommodation options targeted at the next-generation traveller.

Ascott Privilege Signatures: Enhancing Exclusive Member Experiences in Southeast Asia

Demonstrating its dedication to the Southeast Asian market, Ascott recently held the second edition of its prestigious Ascott Privilege Signatures programme in Singapore. This exclusive event invited top-tier Ascott Star Rewards (ASR) loyalty members and VIP guests to immerse themselves in the excitement of the night race from the Ascott Privilege Signatures Lounge at the Singapore Flyer, which offered prime views of the race action, complemented by a gourmet selection of food and beverages.

Launched earlier this year, Ascott Privilege Signatures is an integral part of Ascott Star Rewards’ brand promise to ‘Stay Rewarded’. The programme caters to the growing demand for experiential travel by offering unique, ‘money-can’t-buy’ experiences. The inaugural event in London in July 2024 featured an afternoon of fine dining at Le Gavroche with renowned chef Michel Roux Jr., alongside VIP access to the Wimbledon finals. Upcoming Ascott Privilege Signatures events include exclusive experiences with Chelsea Football Club, following Ascott’s recent appointment as the club’s Official Global Hotels Partner.


[1] Source: Statista, Hotels – Market Data & Analysis (2023)
[2] Source: JLL, Hotel Destinations Southeast Asia 2024


ANNEX – HIGHLIGHTS OF NEW SIGNINGS IN SOUTHEAST ASIA YEAR-TO-DATE 2024

1926 Heritage Hotel Penang by The Unlimited Collection
Located on Burma Road and close to major cultural attractions in Penang, the former home of British colonial immigration officers and local administrators of Penang will be transformed into a stunning property with 78 units, while keeping to its Anglo-Malay architectural essence.

Citadines Connect Airport Jakarta
The only branded serviced residence at the Soekarno-Hatta International Airport in Jakarta, Citadines Connect Airport Jakarta will be a 146-unit property slated to open in early 2025. Facilities at the property include an onsite restaurant, meeting venues as well as recreational amenities such as a spa and gym.

lyf Bugis Singapore is the first lyf branded property with a focus on wellness. Situated in the country’s downtown core district, lyf Bugis Singapore boasts 308 units across six room types and is conveniently located near three MRT stations – Bugis, Rochor and Bencoolen. The property in the vibrant Bugis district offers easy access to local dining and cultural hotspots along Arab Street and Haji Lane. Emphasising both social and physical wellness, lyf Bugis Singapore features shared spaces for socialising, fitness facilities, and nourishing food and beverage options.

lyf Chinatown Singapore
Strategically located within the Jamae Chulia Heritage site in the heart of Chinatown, the 90-unit property will be the first lyf in Singapore to be housed in a newly developed building alongside four pre-war conservation shophouses at Pagoda Street. Exemplifying the lyf brand’s stay, work and play concept, future guests can look forward to tastefully designed apartment units with shared social spaces and a curation of experiential programmes that leverage the vibrancy of the community, with a focus on arts and culture. lyf Chinatown Singapore is expected to open in mid-2026.

Oakwood Slipi Jakarta
Well-placed on the fringe of the main business district in West Jakarta, Oakwood Slipi Jakarta is located near a mix of modern amenities, from commercial offices to retail and dining options alongside entertainment venues. A 155-unit property that offers guests the convenience of both work and leisure, Oakwood Slipi Jakarta houses a mix of spacious one-bedroom and studio units, alongside a suite of meeting facilities to cater to business needs. There are also recreational facilities, including a swimming pool, gym and spa, to allow for a respite when needed.

Somerset Diamond Bay Garden Phnom Penh
Located in the satellite city of Koh Pich in Phnom Penh, Somerset Diamond Bay Garden Phnom Penh is situated in a prime residential and commercial district, close to key amenities and entertainment venues including the Diamond Convention Centre and Theatre. The 169-unit property, which offers a mix of studio, two-bedroom and three-bedroom units, is expected to also house a suite of recreational facilities including a swimming pool, gym and yoga room. Well-positioned to cater for both business and leisure guests, including families, a kid’s playroom and pool will ensure that even the young ones will feel right at home.

Hashtag: #TheAscottLimited #SoutheastAsia #Growth




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

About The Ascott Limited

Since pioneering Asia Pacific’s first international-class serviced residence with the opening of The Ascott Singapore in 1984, Ascott has grown to be a trusted hospitality company with over 950 properties globally. Headquartered in Singapore, Ascott’s presence extends across more than 230 cities in over 40 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA.

Ascott’s diversified accommodation offerings span serviced residences, coliving properties, hotels and independent senior living apartments, as well as student accommodation and rental housing. Its award-winning hospitality brands include , , , , , , , , , , , , and . Through Ascott Star Rewards (ASR), Ascott’s loyalty programme, members enjoy exclusive privileges and offers at participating properties.

A wholly owned business unit of CapitaLand Investment Limited, Ascott is a leading vertically-integrated lodging operator. Harnessing its extensive network of third-party owners and in-market expertise, Ascott grows fee-related earnings through its hospitality management and investment management capabilities. Ascott also expands its funds under management by growing its sponsored CapitaLand Ascott Trust and private funds.

This year, Ascott marks 40 years in hospitality service with the launch of Ascott Unlimited, a full year campaign that will offer Unlimited Opportunities, Unlimited Choices, Unlimited Freedom, and Unlimited Good. Navigating a future of unlimited possibilities against a backdrop of global change and evolving perspectives of travel, Ascott Unlimited marks Ascott’s ambitions to break new ground, and springboard to its next chapter of growth as a global hospitality company. Find out more about Ascott Unlimited at .

For more information on Ascott and its sustainability programme, please visit . Alternatively, connect with us on , , and .

About CapitaLand Investment Limited

Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real asset manager with a strong Asia foothold. As at 30 June 2024, CLI had S$134 billion of assets under management, as well as S$100 billion of funds under management held via six listed real estate investment trusts and business trusts and a suite of private real asset vehicles that invest in thematic and tactical strategies. Its diversified real estate asset classes include retail, office, lodging, industrial, logistics, business parks, wellness, self-storage and data centres.

CLI aims to scale its fund management, lodging management and commercial management businesses globally and maintain effective capital management. As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand’s development arm.

As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero carbon emissions for Scope 1 and 2 by 2050. CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.