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Results of the ixCrypto Index Series Quarterly Review (2024 Q2) & IX Digital Asset Industry Index Series Half Yearly Review (2024 1H)


HONG KONG SAR – Media OutReach Newswire – 12 July 2024 – Today, IX Asia Indexes announced the 2024 2nd quarter review of ixCrypto Index Series and IX Digital Asset Industry Index Series. The constituent changes will be effective on 19th July, 2024 (Friday). The results of the constituent review and exchange review are as follows:

1. Constituent Review – ixCrypto Index Series

1.1 ixCrypto Index (“IXCI”)
The number of constituents will increase to 25 constituents with 4 additions and 2 deletions.

Addition

  1. Pepe
  2. Render
  3. Hedera
  4. Mantle

Deletion

  1. Stellar
  2. Filecoin

After the change, the free float adjusted market capitalization coverage is 81.82%*, while the 90-day-average volume is 72.44%* (excluding stable coin which has 6.35% of the total crypto universe). The constituents change above and recapping at 40% will be effective on 19 July 2024 (Friday).

Since the last review, there has been an increase in the crypto total market capitalization from USD2.03tn to 2.42tn (+19.21%)#, and a decrease in the daily volume from USD89bn to 79bn (-11.23%)#. Bitcoin remains as the largest crypto in the constituent list, with its price has dropped by 12.74% since the last review.

1.2. ixCrypto Portfolio Indexes
The following constituent changes will be made to ixCrypto 5 EW Index (“IXEW5”) and ixCrypto 5 SR Index (“IXSR5”).

Addition

  1. Dogecoin

Deletion

  1. Cardano

The following constituent changes will be made to ixCrypto 10 EW Index (“IXEW10”) and ixCrypto 10 SR Index (“IXSR10”).

Addition

  1. Toncoin
  2. Shiba Inu

Deletion

  1. Polkadot
  2. Chainlink


The following constituent changes will be made to ixCrypto Altcoin 10 EW Index (“IXAEW10”) and ixCrypto Altcoin 10 SR Index (“IXASR10”).

Addition

  1. Toncoin
  2. Shiba Inu

Deletion

  1. Chainlink
  2. Polygon

1.3. ixCrypto BTC/ETH Indexes
There has been no constituent change to ixCrypto BTC/ETH 5050 Index (“IX5050”) and ixCrypto BTC/ETH Proportional Index (“IXPI”) since their launch on 9th May 2024

2. Constituent Review- IX Digital Asset Industry Index Series

2.1 ixCrypto Stablecoin Index
The number of constituent will increase to 4 with 1 addition and no deletion. Stable coin comprises 6.35% of the total crypto universe, and ixCrypto Stablecoin Index covers around 99.06% of the 90-day average market capitalization in stablecoin universe.

Addition

  1. First Digital USD

Deletion
No deletion

2.2 ixCrypto Infrastructure Index
The number of constituents will remain unchanged as 21 constituents, with 2 additions and 2 deletions

Addition

  1. Toncoin
  2. VeChain

Deletion

  1. Quant
  2. Algorand

3. Exchange Review
As a result of exchange review, the selected 10 exchanges to generate each of the fair average prices for the constituents are as follows:

Selected Exchanges

  1. Binance
  2. Upbit
  3. OKX
  4. Coinbase Exchange
  5. HTX
  6. DigiFinex
  7. Gate.io
  8. BitMart
  9. Bitget (NEW)
  10. P2B

For more details about our exchange selection criteria, please email info@ix-index.com

More details about the ixCrypto index, including their constituents, constituents’ weight are provided in the Appendices, or refer to the website https://ix-index.com/

*Exclude stable coins and exchange coins (based on conflict of interest rule methodology effective Oct 2, 2020)

#As of 30 June 2024, based on past 90 days average

Appendix 1

ixCrypto Index (“IXCI”)

Universe All crypto coins traded in at least two different exchanges around the world
Selection Criteria Cryptocurrencies ranking in the top 80% of cumulative full market capitalization (“MC”) coverage and within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume
Number of Constituents Variable/25 in Q2 2024
Launch Date 12th December 2018
Base Date 3rd December 2018
Base Value 1,000
Reconstitution Rule If the coverage is below 75% or any of constituents is not within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume, IXCI will be reconstituted to bring MC coverage back and do liquidity screening.
Reconstitution and Rebalancing Frequency Quarterly and with a fast entry rule
Weighting Methodology Free float adjusted market capitalization weighted with a cap of 40%
Currency US Dollar
Dissemination Every 5 seconds for 24×7
Website https://ix-index.com/


Appendix 2

Weightings of the Constituents of ixCrypto Index

Crypto 90-day-average-Market Cap 90-day-average-volume * Cut-off
Price
Cumulative
Market
Coverage before
Cap
Weighting (%)
After
40%
Cap#
1 Bitcoin $ 1,294,395,022,195 $ 28,886,673,119 60887.38 53.44% 40.00%
2 Ethereum $ 406,176,391,159 $ 15,208,917,246 3372.97 70.21% 37.42%
3 Solana $ 70,024,671,614 $ 3,031,296,276 140.01 73.10% 5.98%
4 XRP $ 28,817,172,200 $ 1,288,993,395 0.47 74.29% 2.43%
5 Dogecoin $ 22,132,796,908 $ 1,488,898,071 0.12 75.20% 1.63%
6 Toncoin $ 19,879,580,505 $ 339,825,055 7.60 76.02% 1.73%
7 Cardano $ 16,536,611,544 $ 400,288,396 0.38 76.71% 1.27%
8 Shiba Inu $ 13,880,209,762 $ 631,873,474 0.00 77.28% 0.92%
9 Avalanche $ 13,678,014,323 $ 438,019,508 27.73 77.84% 1.01%
10 TRON $ 10,319,265,891 $ 305,254,145 0.13 78.27% 1.01%
11 Polkadot $ 10,035,629,835 $ 221,005,440 6.07 78.68% 0.81%
12 Bitcoin Cash $ 9,476,919,163 $ 475,588,356 380.44 79.08% 0.69%
13 Chainlink $ 9,104,312,691 $ 398,716,805 13.51 79.45% 0.76%
14 NEAR Protocol $ 7,147,824,487 $ 460,449,295 4.95 79.75% 0.50%
15 Polygon $ 6,952,619,900 $ 292,683,172 0.55 80.03% 0.50%
16 Litecoin $ 6,199,090,470 $ 444,914,105 74.92 80.29% 0.51%
17 Internet Computer $ 5,740,668,098 $ 123,850,548 7.92 80.53% 0.34%
18 Uniswap $ 5,449,482,959 $ 215,570,449 8.84 80.75% 0.48%
19 Pepe $ 4,220,246,515 $ 1,186,175,975 0.00 80.93% 0.44%
20 Ethereum Classic $ 4,090,974,737 $ 259,086,250 23.11 81.09% 0.32%
21 Aptos $ 3,935,933,796 $ 169,640,095 6.89 81.26% 0.29%
22 Render $ 3,526,469,245 $ 251,565,580 7.15 81.40% 0.26%
23 Hedera $ 3,498,573,845 $ 131,987,618 0.08 81.55% 0.25%
24 Mantle $ 3,362,731,178 $ 103,082,516 0.78 81.69% 0.23%
25 Cosmos $ 3,319,320,400 $ 154,470,228 6.59 81.82% 0.22%

As of 30 June 2024

* 90-day-average-volume ranking in total market is shown in the parentheses
# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website

Appendix 3

Weightings of the Constituents of ixCrypto Portfolio Indexes

Index Constituents ixCrypto 5 EW Index ixCrypto 5 SR Index ixCrypto 10 EW Index ixCrypto 10 SR Index ixCrypto Altcoin
10 EW Index
ixCrypto
Altcoin 10 SR Index
1 Bitcoin 20.00% 48.02% 10.00% 38.52%
2 Ethereum 20.00% 27.90% 10.00% 22.38% 10.00% 34.56%
3 Solana 20.00% 11.15% 10.00% 8.95% 10.00% 13.81%
4 XRP 20.00% 7.11% 10.00% 5.70% 10.00% 8.80%
5 Dogecoin 20.00% 5.82% 10.00% 4.67% 10.00% 7.21%
6 Toncoin 10.00% 4.81% 10.00% 7.42%
7 Cardano 10.00% 4.12% 10.00% 6.36%
8 Shiba Inu 10.00% 3.51% 10.00% 5.41%
9 Avalanche 10.00% 3.37% 10.00% 5.67%
10 TRON 10.00% 3.67% 10.00% 5.68%
11 Polygon 10.00% 5.08%

Appendix 4

Weightings of the Constituents of ixCrypto BTC/ETH 50/50 Index

and ixCrypto BTC/ETH Proportional Index

90-day-average Crypto
Market Cap
90-day-average Crypto
V
olume
Index Level Cumulative Market Cap Coverage Weight in BTC/ETH 50/50 Weight in BTC/ETH Proportional
IXBI $1,294,395,022,195 $28,886,673,119 $14689.11 53.44% 50.00% 76.12%
IXEI $ 406,176,391,159 $15,208,917,246 $ 28975.85 70.21% 50.00% 23.88%

Appendix 5

Weightings of the Constituents of ixCrypto Infrastructure Index

Crypto 90-day-average- Market Cap 90-day-average-volume * Cut-off Price Cumulative
Market Coverage
before Cap
Weighting (%)
After
40% Cap#
1 Ethereum $ 406,176,391,159 $ 15,208,917,246 $ 3,372.97 16.77% 40.00%
2 Solana $ 70,024,671,614 $ 3,031,296,276 $ 140.01 19.66% 22.08%
3 Toncoin $ 19,879,580,505 $ 339,825,055 $ 7.60 20.48% 6.38%
4 Cardano $ 16,536,611,544 $ 400,288,396 $ 0.38 21.16% 4.68%
5 Avalanche $ 13,678,014,323 $ 438,019,508 $ 27.73 21.73% 3.73%
6 TRON $ 10,319,265,891 $ 305,254,145 $ 0.13 22.15% 3.73%
7 Polkadot $ 10,035,629,835 $ 221,005,440 $ 6.07 22.57% 2.98%
8 Chainlink $ 9,104,312,691 $ 398,716,805 $ 13.51 22.94% 2.80%
9 NEAR Protocol $ 7,147,824,487 $ 460,449,295 $ 4.95 23.24% 1.85%
10 Polygon $ 6,952,619,900 $ 292,683,172 $ 0.55 23.53% 1.84%
11 Internet Computer $ 5,740,668,098 $ 123,850,548 $ 7.92 23.76% 1.26%
12 Ethereum Classic $ 4,090,974,737 $ 259,086,250 $ 23.11 23.93% 1.16%
13 Aptos $ 3,935,933,796 $ 169,640,095 $ 6.89 24.09% 1.06%
14 Hedera $ 3,498,573,845 $ 131,987,618 $ 0.08 24.24% 0.93%
15 Mantle $ 3,362,731,178 $ 103,082,516 $ 0.78 24.38% 0.87%
16 Cosmos $ 3,319,320,400 $ 154,470,228 $ 6.59 24.52% 0.88%
17 Stacks $ 3,304,790,158 $ 137,563,783 $ 1.63 24.65% 0.82%
18 Arbitrum $ 3,001,766,136 $ 358,559,039 $ 0.78 24.78% 0.86%
19 VeChain $ 2,605,485,271 $ 65,117,184 $ 0.03 24.88% 0.71%
20 Optimism $ 2,593,333,863 $ 277,735,217 $ 1.74 24.99% 0.66%
21 Injective $ 2,444,399,234 $ 127,115,582 $ 22.76 25.09% 0.72%

As of 30 June 2024

* 90-day-average-volume ranking in total market is shown in the parentheses
# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website.

Appendix 6

Weightings of the Constituents of ixCrypto Stablecoin Indexes

Crypto 90-day-
average-
Market Cap
90-day-average-
volume
Cut-off
Price
Cumulative
Market Coverage
before Cap
Weighting (%)
After 40% Cap
1 Tether
USDt
$110,676,633,292 $ 58,723,286,322 $1.00 4.57% 40.00%
2 USDC $32,843,643,923 $ 6,516,013,196 $1.00 5.93% 40.00%
3 Dai $5,347,767,911 $ 497,368,904 $1.00 6.15% 14.21%
4 First Digital USD $3,297,386,389 $ 6,526,956,291 $1.00 6.28% 5.79%

As of 30 June 2024

Appendix 7

ixCrypto Indexes Dissemination

Real time indexes are disseminated every 5-second interval for 24×7 since 23 June 2022. The real-time indexes are available for viewing on the IX Crypto Index official webpage. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI” and “IXEI”, with dissemination interval kept at 15-second unchanged.

The vendor tickers are shown below:

Index Name Bloomberg Ticker Reuters Ticker
ixCrypto Index IXCI .IXCI
ixBitcoin Index IXCBI .IXBI1
ixEthereum Index IXCEI .IXEI1

For further information about ixCrypto Index and other available indexes including IX Crypto spot price index series, please visit company official webpage https://ix-index.com or subscribe to LinkedIn: IX Asia Indexes

For data licensing and product, please contact us at licensing@ix-index.com.

For free API use on academic research or trial, please contact enquiry@ix-index.com
Hashtag: #ixCryptoIndex

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

About IX Asia Indexes and IX Asia Index Advisory Committee

IX Capital International Limited is an award-winning index and investment advisory company. The index business arm- IX Asia Indexes, providing real-time digital asset and innovative indexes, disseminated 24×7 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index (“IXCI”) launched in Hong Kong in December 2018, the ixCrypto index series expand into 29 indexes designed for exchange futures product, mark to market and fund managers’ portfolio construction purposes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis.

IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. It also won Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes completed its IOSCO compliance statement and obtained ISO/IEC 27001:2013 UKAS certification.

Website:
Advisory Committee:

About IX Crypto Indexes

The ixCrypto index (“IXCI”) is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 24×7 since 23 June 2022. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI”, “IXEI”, with dissemination interval kept at 15-second unchanged.

CDNetworks Aims to Fuel East Asian Businesses’ Global Expansion with Strategic Emerging Market Presences


SINGAPORE – Media OutReach Newswire – 12 July 2024 – CDNetworks, the APAC-leading network to deliver edge as a service, leverages its strategic presences in emerging markets like Latin America, the Middle East, and Southeast Asia to support the global expansion of East Asian businesses. Additionally, CDNetworks will boost its East Asian network capacity to enhance performance and reliability.

Strategic Presences in Emerging Markets

  • Southeast Asia: As a key market for global expansion, CDNetworks has long established its presence in Southeast Asia, becoming an indispensable component of the regional digital backbone. Its support capabilities demonstrated in this region not only help East Asian companies meet their expansion needs in Southeast Asia, but extend to the entire Asia-Pacific region.
  • Latin America: Managing Tbps-level traffic through partnerships with nearly 40 ISPs and running 50 Points of Presence (PoPs), CDNetworks has robust presences throughout Latin America, and achieved 100% network coverage in key countries like Brazil, Argentina, and Chile. This is particularly significant in areas that have strong cultural and industrial ties to East Asian countries.
  • Middle East: Leveraging strong resources and enhanced network performance, CDNetworks can help East Asian businesses capitalize on their strengths in high-tech, integrate into the region’s digital transformation, while supporting them in delivering popular content like K-pop and J-pop to local audiences.


Facilitating Global Expansion through Enhanced Localization

In addition to efforts in emerging markets, CDNetworks focuses on enhancing localization in East Asia and target markets alike.

With dedicated local teams and long-term ISP partnerships, CDNetworks has achieved 100% network coverage and unparalleled performance in East Asia. To support East Asian businesses expanding overseas, CDNetworks plans to boost network capacity by several Tbps in East Asia.

Antony Li, APAC Head of Sales, states, “CDNetworks understands the unique needs of East Asian enterprises. Our experience in emerging markets and robust infrastructure enable us to provide essential support. We help companies in media, entertainment, gaming, and e-commerce seamlessly enter new territories with the reliability and scalability they need globally.”
Hashtag: #Digitaltransformation #DigitalInfrastructure #GlobalExpansion




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

About CDNetworks

With over 2,800 global PoPs, CDNetworks delivers the fastest and most secure digital experiences to end users. Our diverse products and services include web performance, media delivery, cloud security, and colocation services — all designed to spur business innovation. Visit and follow us on .

“Sulfuric Fire Fishing” Tours Await Sustainability-Minded Visitors in Jinshan June-Sept


NEW TAIPEI CITY, TAIWAN – Media OutReach Newswire – 12 July 2024 – In tandem with the global push towards SDGs, the North Coast and Guanyinshan National Scenic Area (NCGNSA) Administration under the Ministry of Transportation and Communications is actively promoting sustainable tourism. The initiative, also intended to further forward environmental education, aims to help local and international visitors learn more about the area’s natural ecology and cultural heritage. In the spotlight is Sulfuric Fire Fishing, a century-old fishing practice unique to Jinshan. To preserve this traditional treasure and promote eco-friendly fishing practices, the NCGNSA Administration teams up with local sulfuric fire fishing operators and travel agencies to offer experience-it-yourself tours in Jinshan from June to September each year. Visitors from around the world are invited to the NCGNSA for this one-of-a-kind experience and help spread the charm of Jinshan’s Sulfuric Fire Fishing internationally.

Sulfuric Fire Fishing, a fishing practice unique to Taiwan’s North Coast
Sulfuric Fire Fishing, a fishing practice unique to Taiwan’s North Coast

Sulfuric Fire Fishing, or benghuozi in Chinese, is a fishing practice unique to Taiwan’s North Coast. A spectacularly moving musical seems to unfold on the night sea when fishing boats light up one after another. “Huanggang Fishing Port Fires” has thus long been known as one of Jinshan’s eight scenic attractions. Taking a benghuozi tour allows you to visit the culturally distinct fishing village of Jinshan’s Huanggang, enjoy fishermen’s cuisine such as calamari rice noodle soup, and appreciate the beauty of the North Coast from the sea. As night falls, there is also the opportunity to witness how fishermen brave the sea up close and share the joy of a bountiful catch.

Chen Yu-chuan, director of the NCGNSA Administration, said that the scenic area boasts world-class landscapes as well as invaluable cultural assets. Attractions like the millennia-old geological wonder Yehliu Geopark and the award-winning Heping Island Geopark stand out among must-visit destinations for both domestic and international visitors.

Hashtag: #SulfuricFireFishing

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

Metro Finance and BNI Hong Kong co-create “Top 100 Business Awards” Across 10 Key Industries


HONG KONG SAR – Media OutReach Newswire – 11 July 2024 – Metro Finance and BNI Hong Kong, the world’s leading business networking and referral organization, jointly hosted the inaugural “Top 100 Business Awards 2024” Award Presentation Ceremony on July 10 at the Hong Kong Convention and Exhibition Centre. The event was attended by over 2,000 BNI business leaders from different countries and regions. The ceremony honored companies and professionals from ten key industries in Hong Kong for their innovation, transformation, and outstanding contributions amidst challenging times. A forum themed “Co-creating: Enhancing the Development and Competitiveness of Hong Kong’s Ten Industries” was also organized, where business leaders shared insights on managing their businesses and promoting the recovery and growth of Hong Kong’s business community.

Ms. Lilian Cheong Man Lei, JP, Under Secretary for Innovation, Technology and Industry, was invited to deliver congratulatory remarks to the Top 100 award recipients. She was joined by Mr. Sung Man Hei, Managing Director; Mr. Steven Ma Chun Wai, Chief Operating Officer and Mr. Anthony Leung, General Manager of Business and Market Development from Metro Broadcast Corporation Limited, as well as Mr. Stanley Kong, Executive Director of BNI Hong Kong & Macau, China; Ms. Stella Yung, Executive Director of BNI Hong Kong & Macau, China; Mr. Lion Lai, Provincial Director for Guangdong, China, BNI and Ms. Cecily Huang, Provincial Director for Guangdong, China, BNI and their team members for group photo taking.
Ms. Lilian Cheong Man Lei, JP, Under Secretary for Innovation, Technology and Industry, was invited to deliver congratulatory remarks to the Top 100 award recipients. She was joined by Mr. Sung Man Hei, Managing Director; Mr. Steven Ma Chun Wai, Chief Operating Officer and Mr. Anthony Leung, General Manager of Business and Market Development from Metro Broadcast Corporation Limited, as well as Mr. Stanley Kong, Executive Director of BNI Hong Kong & Macau, China; Ms. Stella Yung, Executive Director of BNI Hong Kong & Macau, China; Mr. Lion Lai, Provincial Director for Guangdong, China, BNI and Ms. Cecily Huang, Provincial Director for Guangdong, China, BNI and their team members for group photo taking.

The Guests-of-Honor included Mr. Joseph Chan Ho Lim, JP, Under Secretary for Financial Services and the Treasury; Dr. Bernard Chan Pak Li, JP, Under Secretary for Commerce and Economic Development; Mr. Sung Man Hei, Managing Director of Metro Broadcast Corporation Limited; Mr. Steven Ma Chun Wai, Chief Operating Officer of Metro Broadcast Corporation Limited; Mr. Stanley Kong, Executive Director of BNI Hong Kong & Macau, China and Ms. Stella Yung, Executive Director of BNI Hong Kong & Macau, China. They were joined by members of the esteemed judging panel to officiate the opening ceremony. Ms. Lilian Cheong Man Lei, JP, Under Secretary for Innovation, Technology and Industry was invited to deliver a speech to congratulate the Top 100 winners. The event also brought together BNI Hong Kong members, other distinguished entrepreneurs, and professionals to gather, exchange ideas, share experiences, and spark new thinking for the market.

The “Top 100 Business Awards” aimed to recognize the outstanding performers in Hong Kong’s top 10 industries: “Medical, Health & Sports”, “Construction & Environmental Hygiene”, “Professional & Corporate Services”, “Finance, Investment & Real Estate”, “Information Technology & Innovation”, “Education & Training”, “Lifestyle & Family Services”, “Food & Beverage”, “Distributors & Factories”, and “Marketing & Exhibitions”.

The Guests-of-Honor of the inaugural “Top 100 Business Awards” included Mr. Joseph Chan Ho Lim, JP, Under Secretary for Financial Services and the Treasury; Dr. Bernard Chan Pak Li, JP, Under Secretary for Commerce and Economic Development; Mr. Sung Man Hei, Managing Director of Metro Broadcast Corporation Limited; Mr. Steven Ma Chun Wai, Chief Operating Officer of Metro Broadcast Corporation Limited, Mr. Stanley Kong, Executive Director of BNI Hong Kong & Macau, China and Ms. Stella Yung, Executive Director of BNI Hong Kong & Macau, China. They were joined by members of the esteemed judging panel and the winning companies to officiate the opening ceremony.
The Guests-of-Honor of the inaugural “Top 100 Business Awards” included Mr. Joseph Chan Ho Lim, JP, Under Secretary for Financial Services and the Treasury; Dr. Bernard Chan Pak Li, JP, Under Secretary for Commerce and Economic Development; Mr. Sung Man Hei, Managing Director of Metro Broadcast Corporation Limited; Mr. Steven Ma Chun Wai, Chief Operating Officer of Metro Broadcast Corporation Limited, Mr. Stanley Kong, Executive Director of BNI Hong Kong & Macau, China and Ms. Stella Yung, Executive Director of BNI Hong Kong & Macau, China. They were joined by members of the esteemed judging panel and the winning companies to officiate the opening ceremony.

The winners in each of the 10 industries were selected by a distinguished judging panel. The judging panel included: Dr. Wingco Lo Kam Wing, President of The Chinese Manufacturers’ Association of Hong Kong; Mr. Simon Wong Kit Lung, BBS, JP, Chairman of Quality Tourism Services Association; Mr. Simon Wong Ka Wo, BBS, JP, Honorary Chairman of Hong Kong Brand Development Council and President of Hong Kong Federation of Restaurants and Related Trades; Ir. Ho Chi-Shing, Chairman of the Hong Kong Quality Assurance Agency; Mr. Gary Yeung Man Yui, President of Hong Kong Smart City Consortium; Dr. Michael Chan Yue Kwong, Honorary Chairman of the Marketing Institute of Hong Kong; Dr. John Leung Wai Keung, Director of Institute of Continuing and Professional Education, Hang Seng University; Ir. Dr. Cary Chan, MH, JP, Honorary Advisor, Asia Energy Studies Centre and Mr. Stanley Kong, Executive Director of BNI Hong Kong & Macau, China.

The judging panel conducted a rigorous and fair assessment based on five criteria, including “Tradition meets innovation”, “Market Share”, “Customer Satisfaction”, “Lifelong Learning” and “Positive Attitude towards the Industry”, with each category accounting for 20% of the total score. The winners were truly deserving of this prestigious honor, having excelled across these critical performance areas.

The forum, themed “Co-creating: Enhancing the Development and Competitiveness of Hong Kong’s Ten Industries”, was organized and steered by China Construction Bank (Asia). Several prominent business leaders were invited to share their successful stories, including insights on how to “co-create” and “elevate” their companies to new heights of success and competitiveness. The speakers at the forum included Mr. Allbert Chuang Ka Pun, Vice President of The Chinese Manufacturers’ Association of Hong Kong (CMA); Dr. Michael Chan Yue Kwong, Honorary Chairman of the Marketing Institute of Hong Kong; Mr. Simon Wong Ka Wo, BBS, JP, Honorary Chairman of Hong Kong Brand Development Council and President of Hong Kong Federation of Restaurants and Related Trades; and Mr. Vincent Tsui, Chief Investment Strategist, Private Banking Division, China Construction Bank (Asia). The audience benefitted a lot from their sharing and insights.

As an international business networking organization, BNI aims to build connections and transform business models. Over the years, it has helped companies and professionals across more than a dozen industries to expand their business opportunities. With over 5,000 active members in Hong Kong and Macau, BNI has emerged as a major driving force in Hong Kong’s business development.

Metro Broadcast Corporation and BNI, both sharing a common philosophy, collaborated to launch the “Top 100 Business Awards”. The objective was to promote the development of 10 key industries in Hong Kong and the Greater Bay Area. The awards also recognized BNI’s member organizations and professionals for their efforts in innovation, transformation and breakthrough amidst the challenges faced in Hong Kong and the Greater Bay Area. It provided a platform for the winners to share their successful experiences, strategies, and their contributions to their respective industries and the community.

After a rigorous evaluation by the 9-member judging panel, 86 companies across 10 categories were awarded the “Top 100 Business Awards 2024”. The list of winners is provided below:

“Professional & Corporate Services” Category:

  • Chief Happiness Officer Association Limited
  • Lucky Champ Ltd.
  • Wan Yeung Hau & Co.
  • Gallant Biotechnology Limited
  • Million Trustful CPA Limited
  • Proreg Intellectual Property Consulting Limited
  • Epro Techsoft Ltd.
  • We Boosting Consulting Limited
  • Fundmax Consultant Limited
  • Sino-Bridge China Consulting Ltd.
  • 369 Co-op Town Limited
  • Life Harmony International Limited
  • One Step Ahead Advisory Limited
  • Harry Chan, General Practice Surveyor
  • Tony P.H. Leung, CPA (Practising)
  • Paul Kam Ching Chan, PAUL K.C. CHAN & PARTNERS


“Construction & Environmental Hygiene” Category:

  • VIEWCO Building Services & Engineering Company Limited
  • Branding Works
  • Infinite Engineering HK Limited
  • Vision Interior Design Limited
  • Centre Faith Global Company Limited
  • Helix Contracting Limited
  • Brockhouse Asia Company Limited


“Finance, Investment & Real Estate” Category:

  • Emperio Group
  • Red Sun Capital Limited
  • BBMSL Limited
  • Westart Limited


“Information Technology & Innovation” Category

  • SquareDog Robotics Limited
  • Evergreen Silver Tsunami Marketing Limited
  • HK Mall Limited
  • Guardman Products Limited
  • Egogo Holdings Limited
  • Tronico Technology Company Limited
  • Taxieco New World Limited


“Medical, Health & Sports” Category

  • Han-Fang Chinese Medicine Company Limited
  • Phoelia (Far East) Co. Ltd.
  • HQ Hair Therapy Limited
  • AJC investment Ltd.
  • VCARE International Medical Limited
  • Dr Bertram Hair Transplant
  • Winhorizon Ltd.
  • Berlin Optical
  • Go Share Health Nutrigenomics Limited
  • BodyVStore Limited
  • Lumas Hairlab
  • Me Paincare Limited
  • Dr. Marco Kong, Ph.D. Optometrist (Part 1)


“Food & Catering” Category:

  • Lei Yue Mun Shiu Heung Yuen Ltd.
  • Farm House
  • Golden Lilies Banquet Hall
  • Ancient Wines Ltd.
  • Sun Fat Heung Food Products Limited
  • Fruit n Food Limited
  • Wah Yuen Chiu Chow Cuisine
  • Charming International (HK) Group Limited
  • Yue Po Engineering Company Ltd.
  • Golden Source Global Ltd.
  • VEG Concepts Ltd. – Woodlands

“Distributors & Manufacturers” Category:

  • Wing Wai Packaging & Printing Company Limited
  • Champs Motor Dealer Co. Ltd.
  • Prime Auto Parts & Supplies Ltd.
  • Healthy Giant Limited
  • Shang Healthcare Limited
  • Exolution Ltd.
  • Daitima Skin Care Products Limited

“Lifestyle & Family Services” Category:

  • Violets Jewellery Company
  • Thanksgiving Life Limited
  • Tong Fook Undertakers Company
  • Tai Pan Row Tailors Ltd.
  • Attilio Fine Jewelry Company Limited
  • One Flower Design and Craft Limited

“Education & Training” Category:

  • Healthymind Parents Academy Limited
  • MiQ Image Co. Ltd.
  • HKNS Learning System Limited
  • 10X Growth Academy Limited
  • NG Music Academy Limited

“Marketing & Exhibition” Category

  • Wai’s Mask Illusion Entertainment Company
  • Baobab Tree Event Management Company Limited
  • Summery Creation Limited
  • The Fox Creation Company Limited
  • Sky Region Production Limited
  • Nirvana E Commerce Company
  • Travel Club HK Limited
  • TexWood (HK) Media
  • KaChick
  • Maxi Communications Ltd

Hashtag: #Top100BusinessAwards #MetroFinance #BNIHongKong

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

Global Launch: CRRC Unveils Seven New Energy Locomotives for the First Time


BEIJING, CHINA – Media OutReach Newswire – 11 July 2024 – On June 28, Beijing time, CRRC unveiled a series of new energy locomotives for the first time globally in Beijing. A report on the carbon footprint of new energy locomotives was released, and the Initiative on Carbon Footprint of Rail Transit Equipment was proposed.

CRRC unveils seven new energy locomotives for the first time
CRRC unveils seven new energy locomotives for the first time

7 types of real-locomotive representatives made their debut at the launch conference. New energy locomotives can achieve low-carbon and zero carbon emissions, low-noise, and high-efficient operation, effectively solving the problems of “high fuel consumption, high emissions, high noise, and poor driving experience” in old diesel locomotives. The power of these serialized new energy locomotives range from 1000 kW to 2000 kW, which can cover all scenarios of user operation conditions, and each power level has three power configurations of “diesel engine + power battery”, “power battery”, and “hydrogen fuel cell”, providing users with different options.

According to the carbon footprint data of new energy locomotives calculated based on standard operating conditions and using green electricity, each “power battery” locomotive reduces carbon footprint by 94.2%, which can reduce carbon emissions of 4,076 tons, equivalent to the carbon dioxide absorbed by 1 million trees and 200 hectares of forest in a year. The carbon footprint of the “diesel engine + power battery” locomotive during the operation is reduced by 61.7%, which can reduce carbon emissions of 2,735 tons, equivalent to a carbon dioxide reduction of 54.7 million kilometers by bicycle, nearly 1,367 loops around the Earth’s equator.

The development of new energy locomotives has promoted the in-depth application of green and low-carbon technologies in the transportation field, conforming to the global concept of green environmental protection and sustainable development. It has a positive significance in accelerating the transformation of old diesel locomotives into new energy and driving the updating, iteration, and upgrading of existing rail transit equipment. With the increasing global attention to environmental issues, new energy locomotives, as a low-emission and low-noise means of transportation, will be more and more favored by countries around the world.

CRRC’s serialized new energy locomotives unveiled for the first time are destined to become a new milestone in the development of the global rail transit industry. These serialized new energy locomotives originate from China and also belong to the world. In the future, they will effectively expand and deepen practical cooperation in new fields, and have a profound impact on the industry.

Hashtag: #CRRC

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

Vision International Supply Chain Management Services Extended Application to Sports-related Scenarios

Combining comprehensive digital marketing solutions to explore new business opportunities in the field of sports


HONG KONG SAR – Media OutReach Newswire – 11 July 2024 – Vision International Holdings Limited (“Vision International” and its subsidiaries, together, the “Group“, stock code: 8107) is pleased to announce that the Group has entered into a strategic cooperation framework agreement (the “Framework Agreement“) with Camping Club Network Technology Company Limited* (露營之家網絡科技有限公司, the “Camping Club Technology“).

Pursuant to the Framework Agreement, with the aim of increasing the brand awareness of the service platform of the Camping Club (露營之家, the “Camping Club“) in China, both parties agreed that the Group shall provide its innovative supply chain management solutions (the “Innovative SCM Solutions“) and comprehensive digital marketing solutions to Camping Club Technology for their activities in relation to (i) promotion and registration of a variety of sports events in connection with the Camping Club; and (ii) marketing of the related products and services for a period of three years .

The Camping Club is a pioneer organization that was established in 2013 under the operating guidance of the General Administration of Sport of China to promote outdoor camping sport activities. With the support of the General Administration of Sport of China and other regional governments, the principal activities of the Camping Club are to organize large-scale outdoor sports events such as camping events and marathon in China. At present, it has nearly 300 cooperation partners.

The Group has put efforts in enhancing the competitiveness of the Group’s supply chain management (“SCM“) services with the new anti-counterfeit, traceability and marketing functions. Since then, the Group has been successfully expanded to application of SCM services from garment to other industries, including food products, cinema scenarios and sports-related scenarios.

In the sports-related industry, the group’s innovative SCM solutions have been recognized by various well-known partners of strategic value. Earlier this month, the Group entered into a strategic cooperation with the Forest Sports Entertainment (Beijing), the operating company of the Forest Sports Professional Committee of China National Forest Farm Association* (中國林場協會森林體育運動專委會) and intends to provide the innovative supply chain management solutions and comprehensive digital marketing solutions. In May 2024, The Group entered into a cooperation agreement with Gansu Walker Sports Management Company Limited* (甘肅行者體育管理有限公司), pursuant to which the Group was designated as one of the official partners of the 2024 Jiayuguan Great Wall Marathon and “Great Wall League”.

Mr. Chan Ting, Chairman and Executive Director of Vision International, said, “Considering the growing health awareness among the public and the up-and-coming athleisure trend, the Group believes that the sports-related industry will continue to hold out broad prospects for development. Through the cooperation with Camping Club Technology, the Group would be able to introduce our Innovative SCM Solutions and other products to a diverse range of participants and cooperation partners of the Camping Club, thereby expanding the customers base of the Group and creating business growth. In the future, we will continue to expand our supply chain management services to a wider range of application scenarios, broaden the revenue stream of the Group and create more value for our investors.”

*for identification purposes only

Hashtag: #VisionInternational

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

About Vision International Holdings Limited

Vision International Holdings Limited is a well-established apparel supply chain management (“SCM”) services provider based in Hong Kong. The Group has developed a vertically integrated business model with services ranging across market trend analysis, product design and development, sourcing of suppliers, production management, logistics services and quality control. Through engaging us for apparel SCM services, our customers are able to focus their resources on their retail businesses and respond quickly to the fast-evolving changes of the fashion industry. In order to enhance the Group’s competitiveness in the market, the Group had advanced its supply chain management service to include anti-counterfeit tracing technology and brand protection for its apparel and other products.

NCS unveils innovative suite of AI and digital resilience solutions critical to successful AI adoption

Initiatives and new collaborations allow organisations to deploy AI securely and at scale, supported by an NCS AI talent base of 3,000 AI practitioners and 300 AI experts

SINGAPORE – Media OutReach Newswire – 11 July 2024 – Leading technology services firm NCS has launched a suite of Artificial Intelligence (AI) and digital resilience (DR) solutions for organisations looking to re-invent themselves in the AI era. These include frameworks, solutions and accelerators that governments and enterprises in Asia Pacific (APAC) can easily tap to use AI securely and at scale to drive sustainable game-changing innovation.

The launch took place at its annual Impact forum today where NCS CEO, Ng Kuo Pin, addressed over 1,000 leaders and technology practitioners from the region, and shared NCS’ AI-led plans for changing the game. He highlighted two key success factors for organisations – AI adoption and digital resilience – to fully harness the benefits of technology in a world redefined by economic uncertainty, geopolitical tensions and technological challenges.

Ng Kuo Pin, CEO, NCS said, “Across the world, AI is top of mind now, but organisations must not overlook the importance of digital resilience as they embrace AI’s transformational potential. To build a safer and more sustainable future, it is crucial that organisations invest to build a foundation in cybersecurity, data governance and technology that will allow AI to flourish. We believe organisations that master both AI and digital resilience will be the ones that will thrive in this increasingly complex global environment.”

Deputy Prime Minister Heng Swee Keat spoke about reaping the full potential of AI to improve the lives of people and protect our planet, while implementing the right guard rails, and create conditions to innovate safely, responsibly, and for the common good at the NCS Impact forum 2024.
Deputy Prime Minister Heng Swee Keat spoke about reaping the full potential of AI to improve the lives of people and protect our planet, while implementing the right guard rails, and create conditions to innovate safely, responsibly, and for the common good at the NCS Impact forum 2024.

From left to right: Sami Luukkonen, Managing Partner, Telco+, NCS; Sam Liew, Chief Executive, Gov+, NCS; Ng Kuo Pin, Chief Executive Officer, NCS; Wynthia Goh, Senior Partner, NEXT, NCS; Alfred Goh, Managing Partner, Enterprise Strategic Business Group, NCS; and Howie Lau, Managing Partner, Corporate Development & Partnerships, NCS, at the NCS Impact forum 2024 keynote, where they outlined NCS' AI-led plans for changing the game.
From left to right: Sami Luukkonen, Managing Partner, Telco+, NCS; Sam Liew, Chief Executive, Gov+, NCS; Ng Kuo Pin, Chief Executive Officer, NCS; Wynthia Goh, Senior Partner, NEXT, NCS; Alfred Goh, Managing Partner, Enterprise Strategic Business Group, NCS; and Howie Lau, Managing Partner, Corporate Development & Partnerships, NCS, at the NCS Impact forum 2024 keynote, where they outlined NCS’ AI-led plans for changing the game.

Navigating the AI Journey

NCS’ new suite of solutions include the AI-Digital Resilience (AI+DR) Matrix which enables organisations to build a strategic roadmap that enhances both AI and digital resilience concurrently. Serving as an essential starting point for any organisation embarking on its AI journey, the innovative framework categorises organisations into four quadrants of AI Dust, Missed Opportunity, House of Cards, and Game Changer (see Figure 1), based on their maturity levels of AI adoption and digital resilience. This allows organisations to assess their AI and digital resilience readiness and calibrate key developmental steps as they move down the AI pathway.

Kuo Pin added, “AI will be a game changer and companies must learn the new game – the earlier, the better. Given the speed at which AI evolves and the implications of AI for businesses, working with the right technology partners to help navigate the AI landscape and plug into the right ecosystem is fundamental. Having primed our workforce for the intelligence revolution, NCS is AI-ready and well-positioned to help organisations avoid the pitfalls of AI adoption while unlocking its game-changing value. We will lead with AI inside and outside.”

Figure 1. AI-Digital Resilience Matrix
Figure 1. AI-Digital Resilience Matrix

AI and Digital Resilience Solutions and Accelerators

NCS also introduced Polaris DR, a solution for organisations to assess their digital resilience across five key areas – cybersecurity, data governance, infrastructure scalability, application robustness and operational responsiveness. Leveraging NCS’ expertise in large-scale implementations and operations, Polaris DR will enable them to lay the strong foundation needed for enterprise-wide growth and AI adoption by providing a customised improvement plan to address vulnerabilities in systems, technology infrastructure and IT operations.

To empower clients to deploy AI more securely and efficiently, NCS announced five innovative and repeatable Industry Business Solutions (IBS) embedded with NCS AI Accelerators. The solutions are both standardised and customisable, enabling organisations to accelerate AI deployments in three key areas – customer / citizen experience, workforce productivity, and software engineering while ensuring consistency and scalability. The solutions not only leverage NCS’ track record in partnering governments and enterprises on their technology journeys, it also taps NCS’ deep industry knowledge and methodologies honed over time, regional AI talent pool, and extensive partnerships with global players in AI technology.

From left to right: Sam Liew, Chief Executive, Gov+, NCS, Senior Minister of State for the Ministry of Manpower, Zaqy Mohamad, Deputy Prime Minister Heng Swee Keat and Ng Kuo Pin, Chief Executive Officer, NCS, at the NCS Impact forum 2024, where a suite of Artificial Intelligence and digital resilience solutions were launched.
From left to right: Sam Liew, Chief Executive, Gov+, NCS, Senior Minister of State for the Ministry of Manpower, Zaqy Mohamad, Deputy Prime Minister Heng Swee Keat and Ng Kuo Pin, Chief Executive Officer, NCS, at the NCS Impact forum 2024, where a suite of Artificial Intelligence and digital resilience solutions were launched.
Sam Liew, Chief Executive, Gov+, NCS and Ng Kuo Pin, Chief Executive Officer, NCS, accompanying Deputy Prime Minister Heng Swee Keat and Senior Minister of State for the Ministry of Manpower, Zaqy Mohamad, on a demonstration of how AI is innovating emergency services to improve outcomes.
Sam Liew, Chief Executive, Gov+, NCS and Ng Kuo Pin, Chief Executive Officer, NCS, accompanying Deputy Prime Minister Heng Swee Keat and Senior Minister of State for the Ministry of Manpower, Zaqy Mohamad, on a demonstration of how AI is innovating emergency services to improve outcomes.

From left to right: Alfred Goh, Managing Partner, Enterprise Strategic Business Group, NCS; Andrew Yeo, Chief Executive Officer of Income Insurance; Tian Beng Ng, Senior Vice President and General Manager, Dell Technologies, APJ Channel; Ng Kuo Pin, Chief Executive Officer, NCS; Sami Luukkonen, Managing Partner, Telco+, NCS; Vice President, Worldwide Public Sector Industry International Sales; Sam Liew, Chief Executive, Gov+, NCS; Ng Kuo Pin, Chief Executive Officer, NCS; Wynthia Goh, Senior Partner, NEXT, NCS; Yoon Young Kim, Cluster President, Singapore and Brunei, Schneider Electric and Howie Lau, Managing Partner, Corporate Development & Partnerships, NCS, at the NCS Impact forum 2024, where NCS announced strategic partnerships with industry leaders to further facilitate AI adoption and digital resilience.
From left to right: Alfred Goh, Managing Partner, Enterprise Strategic Business Group, NCS; Andrew Yeo, Chief Executive Officer of Income Insurance; Tian Beng Ng, Senior Vice President and General Manager, Dell Technologies, APJ Channel; Ng Kuo Pin, Chief Executive Officer, NCS; Sami Luukkonen, Managing Partner, Telco+, NCS; Vice President, Worldwide Public Sector Industry International Sales; Sam Liew, Chief Executive, Gov+, NCS; Ng Kuo Pin, Chief Executive Officer, NCS; Wynthia Goh, Senior Partner, NEXT, NCS; Yoon Young Kim, Cluster President, Singapore and Brunei, Schneider Electric and Howie Lau, Managing Partner, Corporate Development & Partnerships, NCS, at the NCS Impact forum 2024, where NCS announced strategic partnerships with industry leaders to further facilitate AI adoption and digital resilience.

Strategic Partnerships with Global Players

NCS announced several strategic partnerships with industry leaders to further facilitate AI adoption and digital resilience. NCS is partnering Amazon Web Services (AWS) to launch its inaugural Generative AI Centre of Excellence (CoE) for Public Good with AWS’s Generative AI Innovation Centre (GAIIC)[1]. Customised for the APAC public sector, the CoE will leverage AWS’s team of strategists, applied scientists, engineers, and solutions architects through the GAIIC’s Partner Innovation Alliance programme to envision, scope, and accelerate public sector solutions using AWS. The collaboration combines NCS’ end-to-end capabilities and industry experience with AWS’s Generative AI services and global expertise.

Elsie Tan, Country Manager, Worldwide Public Sector, Singapore, AWS said, “We’re excited to collaborate with NCS to establish its inaugural CoE for Public Good that will accelerate the delivery of innovative citizen services. At AWS, we help customers move Generative AI from theory into practice by providing purpose-built services and expert guidance. Through this collaboration, we’ll empower NCS to bring Generative AI workloads to life and help public sector agencies drive impactful outcomes for the people they serve.”

NCS is collaborating with Dell Technologies to leverage Dell AI Factory with NVIDIA, as an early adopter in APAC and Japan to further accelerate adoption of Generative AI solutions by enterprises in the region. With their combined expertise in Generative AI and breadth of industry experience, NCS and Dell are committed to simplifying clients’ AI adoption journeys and enhancing proof of concept efforts. This collaboration allows clients to explore customised and pre-validated solutions to turbocharge their Generative AI projects in a modular manner.

NCS also signed an MOU with Schneider Electric, the global leader in the digital transformation of energy management and automation, as the first-in-Asia partner under Schneider’s Sustainability Partner Program to provide clients end-to-end sustainability offerings and AI-enabled solutions. The partnership additionally leverages the deep expertise of both companies to better address higher density computing demands from Generative AI workloads and meet emissions compliance requirements, through innovations in sustainable and energy-efficient cooling systems for GPUs and CPUs. Clients will also benefit from a holistic suite of green offerings including education, consulting, solutions and services, tailored to better reduce their carbon footprints and progress towards Singapore Green Plan 2030 and Net Zero.

Yoon Young Kim, Cluster President, Singapore and Brunei, Schneider Electric said, “Our partnership with NCS represents a critical step towards setting a new standard in sustainability for data centres. The urgency to decarbonise the energy-intensive data centre sector cannot be overstated, even as Singapore and the rest of the world double down on cutting down greenhouse gas emissions from our operations. By leveraging our respective expertise, we aim to enable clients to achieve new operational efficiencies, reduce their data centre carbon footprints, and realise significant energy cost savings.”

NCS is collaborating with Income Insurance to extend location-based, hourly travel insurance for travellers in Singapore through the innovative Breeze mobile app. With this new offering, Breeze users will soon be able to receive location-based recommendations for FlexiTravel Hourly Insurance that offer pay-per-hour travel insurance for short trips when travelling to nearby countries. Additionally, Income’s motor insurance policy holders can use Breeze to access an in-app module for accident reporting and to contact Income Orange Force for assistance. The partnership lays the foundation for the future use of data and AI to enhance insurance services, such as providing supplementary data for accidents using mobile device sensor analytics.

Peter Tay, Chief Digital Officer, Income Insurance said, “We are constantly looking to work with like-minded partners in closing protection gaps. Through this collaboration with NCS, we are able to leverage smart, real-time data to extend insurance protection to motorists and travellers. With valuable insights and data via Breeze, we can better co-create customer-centric insurance innovations to meet modern lifestyle needs.”

Building the AI Talent Pipeline

As NCS becomes intelligence-led, the company has been infusing AI across the organisation and building a pipeline of future AI talent. It has equipped its 13,000-strong workforce located across APAC with AI-powered services and solutions to enhance productivity and transform how NCS operates and delivers its services. NCS will also create a 3,000-strong AI-certified practitioner base to accelerate implementation and deployment of clients’ AI projects. Over 300 of them will serve as AI experts with deep AI expertise to lead cutting-edge AI innovations. NCS will work with the Infocomm Media Development Authority (IMDA) to achieve these ambitions through the TechSkills Accelerator (TeSA) initiative as well as upskill and reskill their workforce to become confident AI users through courses offered by the Information & Communications (I&C) Jobs Transformation Map Training Partners.

Kiren Kumar, Deputy Chief Executive Officer, IMDA said, “In support of Singapore’s National AI Strategy, IMDA is committed to working with companies to build a strong AI talent ecosystem in Singapore. We will continue to support NCS to upskill their workforce, developing AI practitioners and specialists to build and deploy AI-enabled system.”

Hashtag: #NCS

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

About NCS

NCS, a subsidiary of Singtel Group, is a leading technology services firm with presence in Asia Pacific and partners with governments and enterprises to advance communities through technology. Combining the experience and expertise of its 13,000-strong team across 57 specialisations, NCS provides differentiated and end-to-end technology services to clients with its NEXT capabilities in digital, data, cloud and platforms, as well as core offerings in application, infrastructure, engineering and cybersecurity. NCS also believes in building a strong partner ecosystem with leading technology players, research institutions and start-ups to support open innovation and co-creation. For more information, visit ncs.co.

Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 24/25


HONG KONG SAR – Media OutReach Newswire – 11 July 2024 – This news release is made by Johnson Electric Holdings Limited (“Johnson Electric” or the “Company” and together with its subsidiaries, the “Group”) for the business operations and selected unaudited financial information of the Group for the three months ended 30 June 2024.

The Group’s sales for the quarter ended 30 June 2024 were US$935 million compared to US$954 million for the same quarter in financial year 23/24, a decrease of 2%. Exchange rate movements had a US$8 million unfavourable impact on the Group’s sales for the quarter. Without the effect of currency movements, the sales decline would have been approximately 1%.

Sales of Automotive Products Group (“APG”)

APG’s sales for the quarter ended 30 June 2024 were flat at US$788 million compared to the same quarter in financial year 23/24. Excluding currency effects, APG’s sales increased by US$5 million or 1% in the quarter, while global light vehicle industry production volumes remained unchanged.

In Asia-Pacific, sales increased by 7% while light vehicle production in the region grew 3%. Most product segments experienced growth, with particularly strong performance in thermal management, oil pumps, vision and steering mainly due to new program launches and volume increases. In Europe, the Middle East and Africa (“EMEA”), sales decreased by 4% compared to a 5% decline in light vehicle production in the region. Sales of steering and oil pumps decreased, somewhat offset by an increase in products for closure and seat applications. In the Americas, sales decreased by 2% while light vehicle production declined by 1%. Sales of powder metal components, thermal management and seat product applications decreased, primarily due to customer mix and the phasing of certain programs, partially offset by increased sales of oil pumps and products for closure and braking applications.

The division’s sales changes by region, excluding currency effects, were as follows:

Quarter ended
30 June 2024
Asia-Pacific 7% Increase
Europe, Middle East and Africa 4% Decrease
Americas 2% Decrease
Total 1% Increase

Sales of Industry Products Group (“IPG”)

IPG’s sales for the quarter ended 30 June 2024 were US$147 million, a decrease of US$16 million or 10% compared to the same quarter in financial year 23/24. Currency effects were insignificant.

Sales in EMEA and the Americas declined due to surplus inventory in manufacturing and retail channels and soft end-market demand. This was further compounded by consumers exercising caution in their discretionary spending, delaying purchases, and gravitating towards the more affordable end of the market. In contrast, sales in Asia-Pacific increased during the quarter as certain customers resumed placing replenishment orders having consumed the previous levels of excess inventory, and also due to some new business wins.

The sales changes for IPG by region, excluding currency effects, were as follows:

Quarter ended
30 June 2024
Asia-Pacific 6% Increase
Europe, Middle East and Africa 18% Decrease
Americas 12% Decrease
Total 10% Decrease

Chairman’s Comments on Sales Performance and Outlook

Commenting on the first quarter’s sales performance, Dr. Patrick Shui-Chung Wang, Chairman and Chief Executive, said: “As previously reported in our year-end results announcement, trading conditions at the start of financial year 24/25 have been comparatively subdued. This partly reflects the exceptionally strong level of sales to the automotive sector in the first quarter of the prior financial year, when the industry was experiencing a sharp rebound in demand following a protracted period of supply constraints. Since then, automotive industry volumes have gradually returned to more normalised levels that reflect the state of the global economy and the vehicle replacement cycle. In this context, our Automotive Products Group’s sales remain resilient, and the division continues to make encouraging progress in rolling out innovative technology solutions that strengthen its position as a market leader in motion products and subsystems that are critical enablers to the industry’s electrification transition. On the other hand, the Industry Products Group, which contributes approximately 16% of total sales, continues to experience a challenging near-term outlook given the low levels of consumer confidence and cautious spending on discretionary hardware products in many of its largest markets. IPG’s management team is working aggressively to focus resources on segments that offer the most compelling long-term growth potential while, at the same time, ensuring that the cost base is optimised to remain competitive in more commoditized product applications.”

Cautionary Statement

Shareholders and potential investors in the Company are reminded that the information provided in this news release, including information related to the expected outlook for the full year, is based on the Group’s unaudited internal records and management accounts. This information has not been reviewed or audited by the Company’s auditors.

Shareholders and potential investors should exercise caution when dealing or investing in the shares of the Company.
Hashtag: #JohnsonElectric

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

About Johnson Electric Group

The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 30,000 individuals in 22 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: .