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RGE Named ‘Champion of Good’ by National Volunteer and Philanthropy Centre for Leading ESG Initiatives

Deputy Prime Minister Heng Swee Keat presented RGE with the highest distinction under the enhanced Company of Good Recognition system


SINGAPORE – Media OutReach Newswire – 25 July 2024 – RGE Pte Ltd. has been distinguished as a ‘Champion of Good’ at the National Volunteer and Philanthropy Centre’s (NVPC) Company of Good (COG) Conferment ceremony on 18 July 2024. The award recognizes RGE’s commitment to sustainable practices in the bioeconomy and its national-level societal contributions.

In a landmark year that marked the inaugural recognition of purpose-driven business, RGE stood out among hundreds of companies to earn its place as one of the 78 entities lauded for their exemplary contributions across five impact areas: People, Society, Governance, Environment, and Economy.

Singapore Deputy Prime Minister Heng Swee Keat presents the National Volunteer and Philanthropy Centre ‘Champion of Good’ recognition to RGE Executive Vice President Benny Lee
Singapore Deputy Prime Minister Heng Swee Keat presents the National Volunteer and Philanthropy Centre ‘Champion of Good’ recognition to RGE Executive Vice President Benny Lee

The Champion of Good award is the pinnacle recognition within the COG awards. Recipients of this accolade demonstrate exemplary multiplier efforts in purpose and impact, showcasing robust plans for sustaining their positive influence. This year, the enhanced COG framework goes beyond traditional metrics on corporate giving, and tracks an organization’s progress and impact across its corporate purpose and the five impact areas. This award distinguishes those who not only excel in their endeavors but also amplify their impact, setting a prestigious standard for corporate social responsibility.

Deputy Prime Minister Heng Swee Keat, who graced the event as the Guest-of-Honor, awarded the prestigious Champion of Good accolade to RGE, acknowledging the group’s unwavering dedication to sustainable management and resource stewardship. This honor highlights RGE’s significant and sustained initiatives that resonate with its 5Cs business philosophy – ‘everything we do must first be good for the community, country, climate and customer, and only then will it be good for the company’.

Mr Bey Soo Khiang, Vice-Chairman of RGE, said, “This commendation from NVPC is a testament to our deep-seated commitment to corporate purpose. It is the cornerstone for building a thriving, unified, and forward-thinking society that remains sustainable over time. By aligning our organization with a higher mission, RGE drives meaningful impact beyond profit. Our purpose-driven approach not only inspires our staff but also engages stakeholders and the community to cultivate a more sustainable future grounded in shared values.”

Strategic partnerships enhance community and environment welfare
Exemplifying its commitment to community well-being through purpose-driven partnerships, RGE has been partnering Heartware Network (HWN), a non-profit organization that aims to empower and engage the youth in community service and leadership development. Among the initiatives recognized include RGE and HWN’s support of Stroke Support Station (S3) and beneficiaries from the President’s Challenge.

Singapore Deputy Prime Minister Heng Swee Keat joins RGE Managing Director Anderson Tanoto; Heartware Network Executive Director Tan See Leng; Gardens by the Bay CEO Felix Loh; Stroke Support Station Executive Director Ng Rei Na; beneficiaries from five social service organizations serving the elderly and disadvantaged; and more than 150 RGE staff at RGE Founder’s Day
Singapore Deputy Prime Minister Heng Swee Keat joins RGE Managing Director Anderson Tanoto; Heartware Network Executive Director Tan See Leng; Gardens by the Bay CEO Felix Loh; Stroke Support Station Executive Director Ng Rei Na; beneficiaries from five social service organizations serving the elderly and disadvantaged; and more than 150 RGE staff at RGE Founder’s Day

As part of RGE Founder’s Day annual celebrations, RGE brings together its employees to support Singapore’s underprivileged communities, resonating with the company’s 5Cs philosophy. Last year, RGE elevated its Founder’s Day program to the next level with the launch of the ‘RGE Golden Hearts’ volunteer program to galvanize employees in volunteering and giving their time back to the community throughout the year.

To further drive sustainable practices in the fashion and textile industry, RGE partnered with Singapore Fashion Council (SFC) to redefine a sustainable fashion ecosystem through a three-year partnership including program implementation, research, and education.

Promoting corporate purpose through robust governance
Further cementing its role and significance in the community, RGE stands among the pioneering strategic donors championing the Corporate Purpose Initiative (CPI), alongside renowned Singapore corporations. Established by the Singapore Business Federation (SBF) Foundation, the CPI offers a collaborative platform for businesses to unite, develop, and scale social impact programs, pooling together resources, expertise, and the spirit of volunteerism.

In its commitment to societal betterment, RGE has also taken on the role of a Founding Member of the Corporate Purpose Roundtable. This influential group will provide guidance on the CPI’s operations alongside other key donors and partners. RGE’s involvement is a natural extension of its dedication to social stewardship, opening new pathways for collaborative engagement with communities in Singapore and beyond, with the aim of elevating the standard of living and nurturing sustainable development.

Empowering the next generation for sustained purpose-driven value creation
To ensure these purpose-led values endure over time, RGE’s education and leadership development efforts focus on cultivating youth and students into future leaders while fostering a spirit of community service. Through its extended partnership with HWN, RGE’s Sustainable Youth Leadership Development Programme is set to develop 1,000 resilient youth leaders in the East Coast region over the next three years. This initiative will subsequently expand to other regions in Singapore, cultivating an additional 1,000 leaders per region. The long-term goal is to establish a strong pipeline of talented young leaders who embody positive values, strong community ties, and a leadership style that is both purposeful and impactful.

Looking ahead
As a Champion of Good, RGE is poised to further integrate corporate purpose into its business strategies and operations. Embracing its mission to improve lives through sustainable resource development, RGE is set to advance its impact through its day-to-day operations, career development, catalytic partnerships, and expansive CSR endeavors. Through purpose-led leadership, RGE seeks to set new standards to create enduring, positive change.

Hashtag: #RGE

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

About RGE

Headquartered in Singapore, RGE is a group of resource-based manufacturing companies with global operations. We produce sustainable natural fibres, edible oils, green packaging and clean natural gas used to create products that feed, clothe and energise the world. We help improve billions of peoples’ lives through sustainable products they use every day. With more than US$35 billion in assets and 80,000 employees, we are creating a more recyclable, biodegradable and lower carbon future.

Committed to sustainable development, conservation and community development, we strive towards what is good for the community, good for the country, good for the climate, good for the customer, and good for the company. With current operations spanning across Indonesia, China, Brazil, Spain and Canada, we continue to expand and engage new markets.

Lao Tour Guides Trained to Meet International Standards

Foreign tourists taking photos of sunset (photo: JCLaos)

To promote the growing tourism sector in Laos, the Ministry of Information, Culture, and Tourism recently organized an intensive training course to enhance the standards of Lao tour guides to meet ASEAN benchmarks.

Lao Kip Continues to Depreciate Despite Government Measures

Lao Kip, US dollar, Thai Baht

The Lao government is taking steps to address the ongoing depreciation of the national currency, the Lao kip, and the skyrocketing inflation rates. However, challenges remain as the country continues to struggle with economic recovery since the COVID-19 pandemic.

Appier announces partnership with SkinX Thailand to drive AI-powered digital transformation in dermatology and telemedicine


BANGKOK, THAILAND – Media OutReach Newswire – 25 July 2024 – Appier, a software-as-a-service (SaaS) company that uses artificial intelligence (AI) to power business decision-making, is proud to announce its latest partnership with SkinX Thailand, a pioneering dermatology and telemedicine services provider. This collaboration marks a significant milestone as SkinX Thailand integrates Appier’s cutting-edge AI solutions, AIRIS and AIQUA, to enhance customer engagement and streamline operations.

SkinX Thailand is Thailand’s largest teledermatology platform, with over 300 board-certified dermatologists. It offers an extensive range of skincare solutions through its platform. The company stands out in the competitive market by providing authentic aesthetic listings, adhering to the highest medical guidelines, and offering the best prices. With a focus on the Bangkok Metropolitan area, SkinX Thailand goes beyond general telemedicine by delivering specialized dermatology consultations for medical and aesthetic purposes, ensuring customers receive the best possible care.

Before partnering with Appier, SkinX Thailand faced challenges tracking customer data and engaging users effectively. With only one data analyst managing growing user activities manually, it became increasingly difficult to conduct large-scale analysis promptly. Budget constraints limited team expansion, prompting the search for a comprehensive martech solution. Upon discovering Appier, SkinX Thailand found that Appier’s solutions complemented their brand perfectly, making it the ideal partner for growth.

“Although we have successfully grown our user base and surpassed 500,000 downloads, we continued to face challenges with user retention and improving the return on our marketing investments,” said Thidakarn Rujipattanakul, Medical Doctor and CEO, at SkinX Thailand. “We needed a solution that could provide better customer insights with fewer resources, and Appier’s AI technology has been transformative. It has saved us time, reduced manual tasks, and allowed us to make smarter decisions with segmentation and recommendations.”

SkinX Thailand’s digital marketing strategy focuses on user acquisition and retention through various channels, including Facebook, TikTok, Instagram, and X. However, limited resources and slow deployment times hindered their efforts. With Appier’s solutions, onboarding was completed in just 1-2 months, significantly shortening the time needed for campaign deployment and optimization.

“AI has proven to be a game-changer for our business. It has enabled us to focus on strategic tasks while ensuring smarter recommendations for our customers. The support and partnership with Appier have been exceptional, making it more than just a client-vendor relationship,” added Thidakarn.

Appier is committed to supporting SkinX Thailand in achieving its increased conversion rates and revenue growth goals. This partnership underscores Appier’s dedication to helping businesses leverage AI technology to drive digital transformation and achieve sustainable growth.

Hashtag: #Thailand #Appier #SkinX #Retention #Engagement


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

About Appier

Appier (TSE: 4180) is a software-as-a-service (SaaS) company that uses artificial intelligence to power business decision-making. Founded in 2012 with a vision of democratizing AI, Appier’s mission is turning AI into ROI by making software intelligent. Appier has 17 offices across APAC, Europe and US and is listed on the Tokyo Stock Exchange. Visit for more company information, and visit for more IR information.

About SkinX Thailand

SkinX Thailand is a leading provider of dermatology and telemedicine services, offering a wide range of skincare solutions through its platform. With a focus on delivering the best prices and adhering to the highest medical guidelines, SkinX Thailand ensures customers receive the highest quality care for both medical and aesthetic purposes.

AIA Singapore celebrates national day with free 6-month holistic insurance to bridge Singapore’s protection gap

In celebration of Singapore’s 59th birthday, AIA will offer six months of complimentary holistic insurance coverage for critical illness and mortality as well as complimentary teleconsultations to individuals who successfully sign up in August.


SINGAPORE – Media OutReach Newswire – 25 July 2024 – AIA Singapore today announced that as part of its national day celebration, it will offer six months of complimentary holistic insurance coverage, including critical illness (CI) and mortality coverage due to sickness and accident as well as complimentary teleconsultations[1] with WhiteCoat. This will be made available to all Singaporean residents[2], limited to the first 15,000 sign ups starting on August 5.

AIA Singapore aims to tackle concerning protection gaps in Singapore with a significant 74% gap in CI coverage[3] and 80% gap in mortality protection[4] as well as help Singaporeans better achieve holistic wellness. By offering complimentary coverage, AIA Singapore hopes to strengthen the nation’s social compact and ensure more Singaporeans have access to financial security during critical times, while also enhance their insurance financial literacy so that they can proactively take charge of their underinsurance gap.

This initiative aligns with AIA Singapore’s ongoing commitment to enabling individuals and families to live “Healthier, Longer, Better Lives”. The complimentary coverage will provide essential and holistic protection against unforeseen circumstances such as CI as well as death due to sickness and accident. Customers will also have access to telemedicine services at the comfort of their homes.

Additionally, this complimentary holistic insurance coverage complements AIA Health360 – built upon four key pillars Plan Well, Protect Well, Be Well, Live Well, which goes beyond basic insurance and offers a range of financial planning and digital tools, such as AIA+ and AIA Plan360, as well as compelling insurance solutions covering health, wealth and lifestyle protection needs to ensure individuals achieve their desired lifestyle, at every stage of life.

Irma Hadikusuma, Chief Marketing and Proposition Officer, AIA Singapore, said, “This initiative follows the success of our flagship protection products such as AIA Guaranteed Protect Plus (IV), AIA Pro Lifetime Protector (II) and AIA Ultimate Critical Cover, which reflects our commitment to bridge the protection gap and convince more people to take action to protect themselves and their families. We are eager to play a larger role in improving the holistic well-being of our society and contribute to a more resilient and thriving Singapore that lives Healthier, Longer, Better Lives.”

A study commissioned by AIA Singapore[5] highlighted a concerning one in four respondents reported that their family member suffered from cancer, lacked a CI plan to rely on during such critical times. When faced with a critical illness, being inadequately protected can put a financial strain on both the patient and their family members.

The six months complimentary coverage covers:

Benefits Coverage per insured person
Coverage for 37 Critical Illnesses S$10,000
Death due to Sickness S$10,000
Accidental Death due to Accident S$20,000
Teleconsultation Benefit via WhiteCoat As Charged, up to 2 visits (exclude medication and delivery costs of medication)

Application opens 5 August and ends on 31 August 2024, interested applicants can sign up online, or find out more by speaking with an AIA insurance representative and receive a complimentary Godiva soft serve ice cream. Existing customers can sign-up via the AIA+ app.


[1] Teleconsultation Benefit via WhiteCoat – As Charged, up to 2 visits (exclude medication and delivery costs of medication).

[2] Customers who are eligible for the six months complimentary holistic insurance coverage offered under AIA’s “Protection as One” national day campaign:

(i) Must be a Singapore Resident; and
(ii) Must be aged between 18 and 55 (age last birthday); and
(iii) Is not a citizen of a sanctioned country, or a Prohibited Person.

[5] AIA Singapore Critical Illness Study. N=300.

Hashtag: #AIASingapore

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

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR[1], Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR[2], and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$286 billion as of 31 December 2023.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 42 million individual policies and over 18 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”.


[1] Hong Kong SAR refers to Hong Kong Special Administrative Region.
[2] Macau SAR refers to Macau Special Administrative Region.

Academy Award-Winning Actress, Lupita Nyong’o, Visits South Africa And Namibia To Understand The Contribution Of Natural Diamonds To The Advancement Of Sustainable Development


HONG KONG SAR – Media OutReach Newswire – 24 July 2024 – Academy Award-winning actress and De Beers Global Ambassador, Lupita Nyong’o, visited South Africa and Namibia last week as part of an immersive tour to experience the impact that natural diamonds create for the people and places they come from.

debees image

In South Africa, Ms Nyong’o visited De Beers Group’s world-class Venetia diamond mine, gaining an appreciation for how every stage of the production value chain supports sustainable development for host communities. She was also taken on a tour of the 32,000 hectare Venetia Limpopo Nature Reserve adjacent to the mine, which is owned and managed by De Beers and provides protected habitat for a wide array of flora and fauna, including threatened and endangered species, as part of De Beers Group’s wide-ranging conservation efforts.

In Namibia, Ms Nyong’o visited the NDTC (Namibian Diamond Trading Company) and Namdeb, both 50:50 joint ventures between the Namibian Government and De Beers. NDTC sorts and values rough diamonds discovered in the country and also sells rough diamonds to Namibia-based diamond polishing companies. Namdeb Holdings is Namibia’s world-class diamond producer, discovering some of the highest value diamonds in the world.

During her visits to both countries, Ms Nyong’o was shown how De Beers is empowering communities local to its operations through projects that support equal opportunities for women and girls, promote education and early childhood development, advance local entrepreneurs and provide essential infrastructure support such as water and road upgrades.

A vocal proponent for women and girls, Ms Nyong’o also paid a visit to the #BeFree Campus in Namibia, a youth facility that provides reproductive health services and skills training, founded by the former First Lady of Namibia, Mrs Monica Geingos. She also attended a gala dinner attended by the Minister in the Office of the Presidency and high-ranking business leaders. Concluding her time in Namibia, Ms Nyong’o made a courtesy visit to the Namibian President, Dr Nangolo Mbumba, who praised her efforts to learn about the positive contribution that natural diamonds make to the country’s economy.

Reflecting on her visit, Ms Nyong’o said: “I’ve had a relationship with De Beers jewellery for a while now and I was very curious to go to the source and experience the journey a diamond makes first-hand. It was a pleasure to meet with people working in South Africa and Namibia’s diamond industries, and I was especially struck by the female staff who are breaking barriers and having real success in a sector that has traditionally been the realm of men. It was illuminating and inspiring to meet women from the surrounding communities who occupy and thrive in technical roles, as drill operators, geologists, and engineers.

“I have come to this region to observe and absorb for myself what diamonds are doing for people here and I have already witnessed how much more there is to their story. They have touched the lives of very many people and it is clear that the effects of diamonds on the society are as prismatic as the diamonds themselves.”

Sandrine Conseiller, CEO of De Beers Brands, said: “We were delighted to host Lupita in South Africa and Namibia and show her the positive impact that natural diamonds are making all the way through the value chain. There can be a lot of misperceptions about diamond mining, so it was a real pleasure to give Lupita the opportunity to experience our world-class operations, our strong commitment to sustainability and some of the vital ways that a De Beers diamond supports and advances the people and places it came from.

“From visiting our majestic Venetia Limpopo Nature Reserve to meeting some of the inspiring women enrolled in our EntreprenHER programme, she was also able to gain deeper insights into the myriad wider socioeconomic benefits that natural diamonds create. By working in close partnership with our host countries and communities, we maximise the impact of our activities and are incredibly proud that De Beers natural diamonds are a true catalyst for sustainable development.”

Hashtag: #DeBeers #NaturalDiamonds #buildingforever

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

About De Beers Group

Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group’s strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers Jewellers and Forevermark, and other pioneering solutions such as diamond sourcing and traceability initiatives Tracr and GemFair. De Beers Group also provides leading services and technology to the diamond industry in the form of education and laboratory services via De Beers Institute of Diamonds and a wide range of diamond sorting, detection and classification technology systems via De Beers Group Ignite. De Beers Group is committed to ‘,’ a holistic and integrated approach for creating a better future – where safety, human rights and ethical integrity continue to be paramount; where communities thrive and the environment is protected; and where there are equal opportunities for all. De Beers Group is a member of the Anglo American plc group. For further information, visit .

Restoring Nature: Baiyangdian’s Journey to Becoming a Bird Paradise


XIONG’AN, CHINA – Media OutReach Newswire – 24 July 2024 – During the midsummer season, tourists come and go on the wooden plank road at Yannandi in Baiyangdian, Xiong’an New Area, China’s Hebei province, eagerly holding up their mobile phones to capture the breathtaking scenery before them.

This is a corner of the Yannandi area in Baiyangdian
This is a corner of the Yannandi area in Baiyangdian

Baiyangdian, composed of 143 lakes and 3,700 ditches and trenches, is the largest wetland ecosystem in northern China and plays an irreplaceable role in maintaining the ecological environment of the region.

Due to factors such as industrial development and population growth within the watershed, pollution continued to increase, and Baiyangdian once faced an ecological dilemma.

In April 2017, the establishment of the Xiong’an New Area in Hebei Province marked a turning point. Following its establishment, large-scale and systematic ecological governance efforts in the Baiyangdian watershed have been vigorously advanced.

“We have successively carried out four phases of ecological dredging projects, which have improved the ecological self-purification capacity of Baiyangdian and promoted biodiversity,” said Zhou Lizhi, head of the Water Environment Management Group of the Ecological Environment Bureau of the Xiong’an New Area. The former marshy Shaochedian area, which was once a swamp, has now been transformed into the popular tourist attraction Yannandi, which is one of the achievements of the ecological dredging projects, he added.

A series of projects, including scientific water replenishment, desilting and dredging, connecting various lakes, returning farmland to lakes, and implementing rigorous flood control measures, have been synergistically promoted, rejuvenating Baiyangdian. The water quality in the lake area has improved from the inferior Class V in 2017 and has been stably maintained at Class III for three consecutive years.

A tangible manifestation of the improved ecology is the increasing number of birds in Baiyangdian.

The number of bird species in Baiyangdian has increased from 206 before the establishment of Xiong’an New Area to the current 286, with the population of birds in Baiyangdian increasing every now and then. Taking a cruise deep into the lake area, one can see various waterbirds soaring in the sky, perched on lotus leaves, or frolicking in the reed marshes. Sometimes, one can also witness mother birds leading their chicks to wander around in search of food.

“Nine bird habitats have been designated in Baiyangdian, and an intelligent monitoring system has been installed. This allows for real-time recording of bird activities without disturbing their normal lives,” said Zhao Kejian, a patrol inspector at the Bird Monitoring Station of the Anxin County Natural Resources Bureau.

At the Baiyangdian Bird Science Museum, visitors follow the guide slowly, gaining an immersive experience through bird simulation models, interactive touch screens, and other equipment. Opened in April this year, the exhibition hall not only showcases the magnificent scenery of Baiyangdian, known as the “Lotus Pond and Reed Sea, Bird Paradise,” but also spreads the ecological concept of loving and protecting birds.

A corner of Dadiantou Village, Duancun Town, Anxin County
A corner of Dadiantou Village, Duancun Town, Anxin County

In Dadiantou Village, Duancun Town, Anxin County, near the lake area, lotus flowers are in full bloom in a pond, presenting a picturesque scene. However, this place used to be a stinky pond where domestic sewage and garbage were dumped, causing people to avoid it. Nowadays, domestic sewage is directed through pipelines to a sewage treatment plant for centralized treatment, and domestic waste is cleared daily. The stinky pond has been transformed into a lotus pond.

Today, the sewage and household garbage from 78 villages in and around Baiyangdian are centrally treated by professional companies. With the improved environment in the villages, the number of tourists to Baiyangdian has also increased.

The charming natural scenery of Baiyangdian now reflects the ecological foundation of harmonious coexistence between man and nature, and also continues to enhance the charm of Xiong’an, the “City of the Future”.

Hashtag: #Baiyangdian

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

Pacific Century Premium Developments Limited announces interim results for six months ended June 30, 2024


HONG KONG SAR – Media OutReach Newswire – 24 July 2024 –

2024 Interim Results – Financial Highlights

(Figures for the corresponding period in 2023 are shown in brackets)

  • Consolidated revenue: HK$ 545 million (HK$ 452 million)
  • Consolidated operating profit: HK$ 49 million (Consolidated operating loss:HK$ 21 million)
  • Consolidated net loss attributable to equity holders of the Company:
  • HK$ 153 million (HK$ 221 million)

  • Basic loss per share: 7.52 HK cents (10.85 HK cents)
  • No interim dividend (No interim dividend)

Pacific Century Premium Developments Limited (“PCPD”, SEHK: 00432) announced its interim results for the six months ended June 30, 2024.

The consolidated revenue of PCPD and its subsidiaries (together, the “Group”) amounted to HK$ 545 million, compared to HK$ 452 million for the corresponding period of 2023.

The Group’s consolidated loss attributable to equity holders of the Company for the first six months of 2024 totalled HK$153 million, compared to a net loss of HK$221 million for the corresponding period last year. Basic loss per share for the six months ended June 30, 2024 was 7.52 Hong Kong cents, compared to a loss per share of 10.85 Hong Kong cents for the corresponding period of 2023.

The Board of Directors did not declare an interim dividend for the first half of 2024.

Throughout the first half of 2024, we remained on the growth trajectory and delivered a set of encouraging results. Our performance in the Japanese market was particularly impressive. On the back of Japan’s tourism boom and a devalued yen, Park Hyatt Niseko, Hanazono, our hospitality business in Niseko, Hokkaido, recorded a sharp rise in revenue. Throughout the period, our ski business stood out as one of the top performers in the region. Since 2023, earnings from our recreational facilities in the resort, including the upgraded ski lifts, “Hanazono Zipflight”, and “42⁰N Art Hanazono – Mountain Lights”, have been performing well. We will continue our efforts to develop Niseko Hanazono Resort into a world-class all-season luxury resort, and we are confident that this business segment will bring us growth and prosperity in the years to come.

In Jakarta, our premium commercial building, PCP Jakarta, delivered a stable performance and remained a solid revenue contributor to the Group. As of June 30, 2024, the office space committed occupancy was 87 per cent. The gross rental income amounted to HK$100 million for the six months ended June 30, 2024, compared to HK$121 million for the corresponding period in 2023.

Executive Centre @ PCP, a flexible workplace solution that offers higher quality workspaces to office workers in response to the growing demand for viable one-stop office solutions, has received positive feedback from our tenants. The project was launched under the strategic partnership between our premium commercial property, PCP Jakarta, and Asia’s leading premium flexible workspace provider, The Executive Centre.

As Thailand’s tourism sector continued to thrive in the first two quarters of 2024, the Group’s Aquella Golf & Country Club and 18-hole golf course reported a notable increase in the number of visitors during the period.

Construction of the superstructure of the project at 3–6 Glenealy, Central, Hong Kong, has already commenced in April this year and has been progressing well.

Mr. Benjamin Lam, PCPD’s Deputy Chairman and Group Managing Director, said: “Despite some optimism at the start of the year, 2024 has thus far been characterised by a continuation of the risks and factors that plagued different parts of the world throughout the previous year. Geopolitical tensions and slow recovery have kept growth on an uncertain footing. Nevertheless, the global economy has shown its resilience in the past months, maintaining steady growth while inflation is returning to target levels. International tourism across the globe has made near-complete recovery.

As we embark on the second half of the year, we will continue to build on our momentum. Our focus will be on driving our business towards sustainable growth to maximise long-term returns for our stakeholders.”

Hashtag: #PCPD

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

About PCPD

Pacific Century Premium Developments Limited (“PCPD” or the “Group”, SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited (“PCCW”, SEHK: 00008) is the single largest shareholder of the Group.