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Laos, Cambodia, Myanmar and Philippines See Arrest of Over 300 Telecom Fraud Suspects

Some of the suspects involved in telecom fraud repatriated back to China from Myanmar (Photo: Chinese embassy in Myanmar)

Chinese police have worked with their law enforcement counterparts in Laos, the Philippines, Cambodia, and Myanmar since the beginning of this year and arrested more than 300 suspects involved in telecom fraud.

World’s Aviation and Logistics Changemakers Converge on Hong Kong to Steer Future Development in 2024

HONG KONG SAR – Media OutReach – 29 August 2023 – Further to the successful completion of the 3rd JCtrans Global Freight Forwarders Expo and International Air Transport Association (IATA) Aviation Day at AsiaWorld-Expo (AWE), the world of logistics and aviation is looking to Hong Kong to spearhead industry exchanges and new growth opportunities. Industry experts are inspired by the city’s new infrastructure, and its strategic role as an international logistics and aviation hub as well as being an important gateway of the Greater Bay Area (GBA).

Hong Kong International Airport
Hong Kong International Airport

On top of the home-grown Asian Logistics, Maritime and Aviation Conference (ALMAC) to be held in November this year, IATA World Cargo Symposium 2024, Aero-Engines Asia-Pacific 2024 and Super Terminal Expo 2024 will all be staged in Hong Kong for the first time.

Kenneth Wong, General Manager, MICE & Cruise of the Hong Kong Tourism Board (HKTB) said “We are thrilled that Hong Kong has become the destination of choice for multiple aviation and logistic events! The city’s status as an aviation hub with a globally connected transportation network, a future-proof Airport City development, top-notch convention venues and a gateway to the GBA makes it a strategic choice in the region to host major industry events. ”

Hong Kong as an aviation hub

Located in the heart of Asia, Hong Kong is within five hours’ flight of half of the world’s population, with Hong Kong International Airport (HKIA) providing globally renowned air transport services. It is frequently ranked among the world’s busiest international passenger airports as it hosts some 120 airlines; it is also the busiest cargo airport in the world, with cargo throughput of 4.2 million tonnes in 2022, making it one of very few airports that’s a leader in both fields.

Airport City as a booster for business events

To enhance the connectivity with the GBA and the world, HKIA is transforming itself from a city airport to an Airport City.

A robust expansion strategy is in place including the Three-runway System that will increase capacity by 50% to be able to serve 120 million passengers and 10 million tonnes of cargo annually. Plans are in hand to strengthen the multimodal network with GBA cities through state-of-the-art cross-boundary infrastructure, Hong Kong-Zhuhai-Macao Bridge to ensure seamless travel via Hong Kong, which helps to facilitate more multi-destination exchange and excursions within the region. As part of the Airport City development, AWE – which is located right next to the international airport, is expanding to house the city’s largest indoor arena with over 20,000 seats, thus attracting more large-scale events to stage in town. These enhancements position the city as a super-connector to capture more business opportunities of both the lucrative GBA market and the world, providing growth impetus to Hong Kong’s MICE industry.

Vivian Cheung, Chief Operating Officer, Airport Authority Hong Kong and Hong Kong Convention Ambassador said, “I am thrilled to bring significant industry events to our city, which reflects the role of Hong Kong as a leading aviation, transportation and logistics hub. As a member of the Hong Kong Convention Ambassador programme, I look forward to welcoming even more business events and delegates from around the world.”

Simon Li, Chairman of AWE commented, “AWE takes immense pride in facilitating transformative dialogues set to redefine the transportation and logistics sectors. The events will demonstrate the unprecedented synergies that can be achieved in all-in-one Lantau, the heart of Hong Kong’s transport network, comprises of new hotels, the city’s largest hub for retail, dining and entertainment – 11SKIES, and an award-winning MICE venue.”

IATA World Cargo Symposium to be hosted in Hong Kong for the first time

Having been the world’s leading air cargo hub for many years, HKIA will be the host airport for the 2024 edition of the IATA World Cargo Symposium in March. The conference is expected to attract over 1,000 attendees from around the world, with the aim of tackling subjects related to technology and innovation, security and customs, cargo operations, and sustainability.

Conrad Clifford, Deputy Director General and Corporate Secretary, IATA said, “Hong Kong has the elements needed to retain its status as an important aviation hub for both passengers and air cargo. This includes having a strong hub airline, Cathay Pacific, as well as having the experience and expertise in handling perishable goods, lithium batteries and other dangerous cargo. I am confident that Hong Kong’s traffic will return to pre-pandemic levels by the end of 2024, three years earlier than previously expected. This is in line with expectations of a faster recovery in the Asia-Pacific region.”

Super Terminal Expo 2024 inaugural in Hong Kong to capture world’s fastest growing market

Debuting at AWE in November 2024, Super Terminal Expo 2024 – the first of its kind – will feature dynamic networking opportunities and educational sessions as well as highlight important insights into trends and technologies shaping the future of cargo and passenger terminals, as well as ports, railways and building construction industries.

Michael Duck, Executive Vice President of Commercial Development for Informa Markets added: “The Asia-Pacific region is the largest global logistics and passenger transport market, and Hong Kong sits right at its heart. We are delighted to host the inaugural Super Terminal Expo in this thriving market. Right before the flagship exhibition, we will also host Aero-Engines Asia-Pacific 2024 as part of Aviation Week Network’s Aero-Engines series in the city in April 2024. These events present a raft of opportunities that will allow businesses to tap into the growing demand for logistics and passenger transportation services.”

Future Aviation, Transport, Logistics Conventions and Exhibitions

Event Event Date Venue
Asian Logistics, Maritime and Aviation Conference 2023 21-22 November 2023 Hong Kong Convention and Exhibition Centre
Asia Pacific Region Innovation & Capacity Building Symposium 2023 14-15 December 2023 AsiaWorld-Expo
IATA World Cargo Symposium 2024 12-14 March 2024 AsiaWorld-Expo
Aero-Engines Asia-Pacific 2024 24-25 April 2024 Renaissance Harbour View Hotel
Super Terminal Expo 2024 5-7 November 2024 AsiaWorld-Expo
CAPA Airline Leader Summit & Sustainability Awards 2024 6-7 November 2024 AsiaWorld-Expo

Hashtag: #HongKong #MICE #Aviation #Logistics #Transport #Convention #Exhibition

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

OPPO Next-gen Foldable Smartphone Coming Soon to Global Markets

  • OPPO Find N3 Flip launched in China, coming soon to global markets
  • Find N3 Flip to set a higher standard for flip phones


SHANGHAI, CHINA – Media OutReach – 29 August 2023 – OPPO, the world’s leading smart device brand has announced a new gold standard for flip phones, with full details of Find N3 Flip’s availability and highlights to be revealed at OPPO’s upcoming global launch event.

OPPO_Find-N3-Flip-Warm-Up-Release.jpg

“For Find N2 Flip, we created the best flip phone possible, and now Find N2 Flip is the number one foldable in China. We couldn’t be more proud. For Find N3 Flip, we’re bringing upgrades across the board – elevated styling, an improved cover screen experience, and a game-changing flip phone camera – simply put, expect the exquisite from Find N3 Flip.”

Pete Lau, SVP and Chief Product Officer at OPPO.

OPPO_Find-N3-Flip-All-Colors.jpg

Finally, the wait for a flip phone with a flagship camera system is over. Overhauled and upgraded, Find N3 Flip breaks through size and space limitations, combining world-class hardware, OPPO’s powerful imaging engine, and iconic Hasselblad experiences.

Upgraded with a more intuitive and powerful cover screen, refined, elegant styling, long-lasting battery life, and so much more, Find N3 Flip rewrites the flip phone rulebook, cutting back on compromises, not camera performance.

Stay tuned to find out more about OPPO’s next-gen foldable at the upcoming global launch.

Hashtag: #OPPO

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

About OPPO

OPPO is a leading global smart device brand. Since the launch of its first mobile phone – “Smiley Face” – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.

Kunji Finance Unveils New Strategic Collaboration with AsiaTokenFund Group

HONG KONG SAR – Media OutReach – 29 August 2023 – Kunji Finance, the decentralized active portfolio management platform, is pleased to announce a strategic alliance with AsiaTokenFund Group. This collaboration has been established with the overarching objective of promoting the expansion of the emerging Kunji Finance platform across the Asian and European landscape.

Caption

Kunji Finance is a non-custodial and multi-strategy digital asset management platform that connects asset managers with liquidity providers, allowing them to leverage their skills with access to further capital while generating trading-based profit opportunities for capital providers.

The collaboration blends Kunji Finance’s groundbreaking decentralized asset management protocol with AsiaTokenFund’s financial and cryptocurrency expertise to herald a new era in efficiency for the adoption of technological solutions in Asian and EU markets.

Kunji Finance’s core mission is to connect expert asset managers with liquidity providers, allowing them to leverage their skills with access to further capital while generating trading-based profit opportunities for capital providers. The asset management services can be based on discretionary investment theses that run long and short strategies created by asset managers on the platform, enabling the creation of “hedge funds” for retail investors without any regulatory ambiguity. By utilizing the possibilities of Arbitrum blockchain technology and asset management principles, Kunji Finance has developed a platform for individuals to grow wealth.

AsiaTokenFund Group (ATF) is an influential Web3 conglomerate headquartered in Southeast Asia. ATF operates a range of entities encompassing Web3 Media, NFT Media, Venture Capital, Media Agency, Tech Solutions, Events, and Accelerator.

“AsiaTokenFund and Sky Wee have a very strong presence in the South East Asian Web3 communities and a history of partnering with successful products. We are proud to partner with them and look forward to benefiting from their network and presence”, said Anurag Dixit, founder and CEO of Kunji Finance.

“We are thrilled to announce our strategic partnership with Kunji Finance, a pioneering force in reshaping the landscape of digital asset management. At AsiaTokenFund Group, we have always aimed to provide innovative and transformative solutions to our partners, and collaborating with Kunji Finance aligns seamlessly with this commitment.” Said Ken Nizam, Co-Founder & CEO of AsiaTokenFund Group

“Kunji Finance’s visionary approach to connecting expert asset managers with liquidity providers not only enhances capital accessibility but also democratizes the realm of hedge funds for retail investors, all within the secure framework of Arbitrum blockchain technology. Together, we look forward to empowering individuals across Asia with the tools to navigate and thrive in the ever-evolving world of wealth growth.” Said Sky Wee, Co-Founder & Managing Partner of ATF Capital , a member of AsiaTokenFund Group.

Benefitting from its strategic presence in Asian nations such as Thailand, Vietnam, Philippines, and Indonesia, AsiaTokenFund Group holds a substantial value for Kunji Finance.

Hashtag: #AsiaTokenFund

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

Riverina Water Boosts Customer Satisfaction with Infor-led Digital Transformation Program

Infor cloud solution delivers efficiency and sustainability benefits weeks after go-live

SYDNEY, AUSTRALIA – Media OutReach – 29 August 2023 – Infor®, the industry cloud company, today announced that Riverina Water has deployed Infor CloudSuite Public Sector Customer and Billing modules as part of its ambitious digital transformation project, with early, positive signs for the organisation that will have a flow-on effect on customers set to reap the rewards of real-time transaction capabilities anywhere, anytime and on any device.

Andrew Crakanthorp, CEO at Riverina Water
Andrew Crakanthorp, CEO at Riverina Water

The strategic move to implement Infor’s cloud-based enterprise software platform is in line with Riverina Water’s unwavering pursuit of customer excellence. In a survey earlier this year across its supply area of Wagga Wagga City, Lockhart Shire and parts of Greater Hume and Federation council areas, overall satisfaction with customer service scored 4.69 out of 5. As a winner of the prestigious Sam Samra Award for Most Improved Local Water Utility in New South Wales (NSW), Infor will be instrumental in helping Riverina Water better manage costs, secure IT investments and improve service delivery to more than 77,000 customers by retiring legacy systems and moving to the cloud.

Learn more about Infor CloudSuite Public Sector and Infor Financials & Supply Management

Infor CloudSuite Public Sector, which includes Infor Financials & Supply Management, Infor CIS Billing and Infor Enterprise Performance Management (EPM) (for integrated planning, budgeting, forecasting and financial consolidation, business intelligence and analytics), was selected following a competitive tender process in a bid to ensure that Riverina Water is well-positioned to operate in an increasingly digital world, while supporting efficient work processes, procedures, and service delivery – both internally and externally.

“We’re pleased that Infor has been able to deliver on the first phase of our transformation program. The system has only been in production for two months and we’re already seeing tangible benefits with a number of manual processes now automated. I’m looking forward to seeing how it will further benefit our customers into the future,” said Andrew Crakanthorp, CEO at Riverina Water.

“Infor plays an important role as a trusted partner in our commitment to providing safe and reliable drinking water to an ever-growing community. Infor was selected for its deep water industry experience and a cloud offering that’s flexible, agile, secure and customisable – all ingredients of the right industry-specific solution for our needs as we look to strengthen service delivery and enhance our standing as a customer-centric organisation with best-in-class customer service,” Crakanthorp said. “Importantly, we see this as a long-term partnership that will help meet our strategic goals.”

Riverina Water is planning for future rollouts of Infor solutions, including asset management, financials, supply chain management and Infor’s managed service, CareFor.

Infor has a proven track record around the world as the cloud solutions provider of choice for utilities and government entities’ digital transformation programs. In New Zealand, Infor was recently named as the “systems of record” for its water reform program. The country’s largest water authority, Watercare, is a long-standing customer, so too Waikato Regional Council, alongside six of the 18 water corporations in Victoria, Australia. In the U.S., leading water authority Elsinore Valley Municipal Water District is also a customer.

“We are delighted with the success of Riverina Water’s digital transformation project thus far, particularly since the deployment started towards the end of the pandemic,” said Terry Smagh, senior vice president and general manager of Asia Pacific and Japan, Infor. “We’re proud to play our part in meeting Riverina Water’s strategic goals so they can succeed in a world where customers expect 24/7, always-on functionality with real-time capabilities. Both organisations are driven by a shared commitment to customer excellence, and Infor’s industry-specific, purpose-built CloudSuite solution will ensure enhanced service delivery and outcomes for Riverina Water’s end-customers, internal users and external stakeholders alike.”

Media Contact:
Phyllis Tan
Infor Asia Pacific
Phyllis.tan@infor.com
+65 9799 9133
Hashtag: #Infor

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

ABOUT INFOR

Infor is a global leader in business cloud software specialized by industry. Providing mission-critical enterprise applications to 67,000 customers in more than 175 countries, Infor software is designed to deliver more value and less risk, with more sustainable operational advantages. We empower our 17,000 employees to leverage their deep industry expertise and use data-driven insights to create, learn and adapt quickly to solve emerging business and industry challenges. Infor is committed to providing our customers with modern tools to transform their business and accelerate their own path to innovation. To learn more, please visit .

ABOUT RIVERINA WATER

Riverina Water County Council is a local government water utility based in Wagga Wagga, New South Wales, Australia. It provides the community of more than 77,000 people across 15,000 square kilometres with safe, reliable water at the lowest sustainable cost. To learn more, please visit .

Lao Restaurant in Thailand Generates Buzz by Charging Customers in Kip

Tum Luang Prabang's customers pose for a photo after receiving a receipt in Lao Kip currency (photo: Tum Luang Prabang restaurant official Facebook page)

The restaurant “Tum Luang Prabang” in Nakhon Ratchasima Province, Thailand has gained widespread attention by charging customers in Lao kip currency, sparking viral interest and drawing customers through its creative marketing tactic.

FOMO Pay Bolsters Digital Asset Compliance through Strategic Partnership with Notabene

SINGAPORE – Media OutReach – 29 August 2023 – FOMO Pay, a leading digital payment and digital banking solutions provider headquartered in Singapore, announces its strategic partnership with Notabene. The implementation of Notabene’s end-to-end solution for global Travel Rule compliance enables FOMO Pay to further enhance its know-your-transaction (KYT) capabilities and highlights FOMO Pay’s commitment to compliance and customer security. In addition, through comprehensive licensing and adherence to regulatory requirements, FOMO Pay has obtained “Super VASP” status in Notabene’s Virtual Asset Service Providers (VASP) network. This milestone empowers the public with streamlined access to accurate and verified business information, aligning with FOMO Pay’s consistent efforts to foster trust in the digital payment and digital asset fields.
In 2019, the Financial Action Task Force (FATF) released crucial recommendations aimed at combating money laundering, terrorist and proliferation financing. FATF requires countries to assess and mitigate risks associated with virtual asset financial activities and providers. As part of the requirements, the Travel Rule mandates all VASPs to screen, record and communicate the information of both the sender and recipient of a digital asset transaction. In 2023, the global regulatory landscape has evolved with stricter enforcement of the Travel Rule for digital asset transactions, as governments and financial institutions worldwide take significant steps to enhance transaction integrity and overall financial ecosystem security.
In order to maintain comprehensive digital asset compliance capabilities in the ever-evolving digital asset industry, FOMO Pay adopts a proactive approach in investing in leading compliance solutions to continue to ensure strict adherence to global regulations. Integration with Notabene equips FOMO Pay to automate Travel Rule compliance in line with global regulations, allowing secure and efficient digital asset transactions.
“We are pleased to partner with Notabene and integrate their Travel Rule solution. This collaboration represents FOMO Pay’s commitment to strengthening our compliance capabilities in alignment with global regulations, enabling informed decisions to enhance our AML capabilities,” said Wee Teck Lim, Head of Compliance at FOMO Pay. “We firmly believe that our collaboration with Notabene will further enhance our ability to provide secure and reliable digital payment and digital asset solutions to our valued clients and partners.”
“We are excited to be working with FOMO Pay to enrich their compliance capabilities and ensure safer digital asset transactions for their clients. FOMO Pay’s commitment to bridging the gap between fiat and digital assets for business use cases is very aligned with our mission at Notabene. This collaboration demonstrates the significant impact of Travel Rule implementation in facilitating secure and efficient digital asset transactions to build a safer and more accessible digital asset ecosystem.” – Pelle Braendgaard, CEO of Notabene.
With this partnership, FOMO Pay demonstrates its steadfast commitment to upholding industry standards in compliance by ensuring safer transactions involving digital assets for merchants, corporates and financial institutions. FOMO Pay’s proactive approach to regulatory compliance and strategic investments in robust solutions solidify its position as a leading digital payment solutions provider.

Hashtag: #SuperVASP #KYT #Compliance #Trust #TravelRule #DigitalAsset #DigitalPayment #DigitalBanking

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

About Notabene

Notabene developed the crypto industry’s only pre-transaction decision-making platform, enabling customers to identify and stop high-risk activity before it occurs. With a focus on security, privacy, and user experience, Notabene’s multi-source data and software enables real-time decision-making, counterparty sanctions screening, self-hosted wallet identification, and more.

SOC-2 security certified and trusted by over 100 companies, Notabene operates globally with headquarters in New York, and presence in Switzerland, Singapore, Germany, and the United Kingdom.

Companies like Copper, Luno, Crypto.com and Bitstamp leverage our SafeTransact platform for Travel Rule compliance, tailored to their needs and aligned with global and local regulations. Our platform builds trust in virtual asset transactions to foster financial growth with minimized risk.

Get started today; sign up for our free SafeTransact Rise to respond to regulated transactions for free using the world’s largest

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About FOMO Pay

Founded in 2015, FOMO Pay Pte Ltd is a major payment institution (License No. PS20200145) regulated under the Payment Services Act in Singapore, licensed by the Monetary Authority of Singapore (MAS) to conduct Cross-border Money Transfer Services, Domestic Money Transfer Services, Digital Payment Token Services and Merchant Acquisition Services. The firm has become a leading one-stop digital payment and digital banking solution provider, and is currently building Asia’s first licensed gateway helping institutions and businesses to connect between fiat and digital currency. The company offers its three flagship products:

  • FOMO Payment: a one-stop digital payment solution for merchants, corporates and financial institutions.
  • FOMO iBank: facilitates businesses’ every-day requirements for transactional banking needs.
  • FOMO Crypto: Asia’s first licensed gateway bridging fiat and digital currency.

SSY announces 2023 interim results Net profit HK$639 million; Interim dividend HK$0.07/share Determined to seize opportunities; Maintain stable & healthy development

Result summary of first half of the year:

  • Revenue HK$3,333 million, representing a drop of 2.1% (in terms of RMB, growth of 4.7%);
  • Net profit HK$639 million, representing a growth of 12%;
  • The Board resolved to pay interim dividend of HK$0.07 /share

HONG KONG SAR – Media OutReach – 29 August 2023 – SSY Group Limited (“SSY” or the “Company”; Stock Code: 2005.HK) and its subsidiaries (together, the “Group”) presents the interim results of the Company for the six months ended 30 June 2023 (“first half of 2023” or “first half of the year”).

During the first half of 2023, the Group achieved a revenue of approximately Renminbi (“RMB”) 2,962 million, representing an increase of approximately 4.7% as compared to the corresponding period of last year. However, due to depreciation of Renminbi against Hong Kong dollars by approximately 6.5% as compared to the same period last year, in terms of Hong Kong dollars, the Group’s revenue was approximately HK$3,333 million in the first half of this year, representing a decrease of 2.1% as compared to corresponding period of last year. The Group achieved a net profit of approximately HK$639 million, representing an increase of approximately 12% as compared to the corresponding period of last year. Confronted with the tough challenges in the domestic and international pharmaceutical markets, the Group was determined to be ambitious, seize the opportunities and overcome the difficulties. Through a series of operational measures such as accelerating research and development and innovation, integrating market resources and actively exploring potentials, the Group continued to maintain a favourable trend of stable and healthy development.

The Board of directors resolved to pay an interim dividend of HK$0.07 per share for year 2023, which increased by 16.7% as compared to corresponding period of last year. The total amount to be paid is approximately HK$208 million.

During the first half of the year, the cumulative sales volume of intravenous infusion solutions reached approximately 936 million bottles (bags), with a revenue of HK$2,069 million, representing an increase of approximately 24.1% and 12.8% respectively as compared to corresponding period of last year. Among which, production and sales of therapeutic infusion solutions progressed steadily with revenue amounted to HK$566 million, representing an increase of 24.7% as compared to corresponding period of last year. Exports of preparations to foreign countries rose against the trend, infusion solutions export revenue amounted to approximately HK$80.08 million, representing a growth of approximately 25% as compared to corresponding period of last year. Ampoule products recorded continuous growth in sales volume. In the first half of the year, sales volume reached approximately 131 million, representing a growth of approximately 92% as compared to corresponding period of last year. Oral preparations business segment accelerated its expansion and development. In the first half of the year, revenue reaching HK$244 million, representing a growth of approximately 68% as compared to corresponding period of last year. Due to the impacts of softer market demands and dropping market prices of bulk pharmaceuticals in the first half of the year, revenue was approximately HK$454 million, representing a decrease of approximately 42% as compared to corresponding period last year. External sales of medical materials in terms of Hong Kong dollar roughly at same level as corresponding period of last year.

The Group has taken the innovation drive as the lead to integrate the Group’s own advantages, and coordinated the progress to push forward the research and development of featured generic drugs, bulk pharmaceuticals, innovative drugs, medical materials as well as product types under consistency evaluation, in an effort to establish a new course and a new advantage in the development of featured generic drugs and high-end complex preparation. In the first half of the year, the Group was at the forefront of all pharmaceutical enterprises in China in terms of the number of preparations being submitted for approvals and passed the consistency evaluations, and obtained a total of 34 production approvals for different types, including 8 for bulk pharmaceuticals and 26 for preparations. As of the first half of the year, the number of the Group’s products that have passed the consistency evaluation or been regarded as passing the consistency evaluation reached 51 product types with 67 specifications, which has seized opportunities for enhancing market competitiveness for the products. Positive progress has been made in the research of innovative drugs. Phase I clinical trial of type I chemical innovative anti-tumor drug NP-01 project had positive progress. Communication with CDE prior to application of the Phase I clinical trial regarding anti-liver fibrosis innovative drug ADN-9 has been established. Pre-clinical research of anti-pulmonary hypertension drug SYN-045 has been fully commenced.

The Group has accelerated the construction of infrastructure projects. The 3-in-1 plastic ampoule production lines project has been completed and is in the stage of pilot production and verification. Guangxiang Pharmaceutical’s featured bulk pharmaceuticals production lines project has been completed and entered the stage of equipment commissioning in the middle of July. The PP upright soft bag injections production lines project is expected to be completed and put into pilot production at the end of September.

Looking ahead to the second half of 2023, facing new trends and environment of the pharmaceutical industry, the Group will continue to promote in-depth integration of innovative chain, industrial chain and value chain, maintain a relatively robust and fast development momentum, and strive for better and more solid business results. In the second half of the year, the Group will conduct in-depth and systematic research and analysis of the national and local procurement policies to ensure precise market access, and will capitalize on the influence and driving effects of the Group Purchasing Organisation Programme. The Group will focus on increasing sales volume of major types of therapeutic infusion products to ensure the sustainable growth in production and sales of infusion products. The Group will step up effort to increase sales of new ampoule products, explore the market potential of dominant products and develop types that may have revenue of RMB100 million. On the bulk pharmaceuticals business, while stabilising its overseas customer base, the Group will accelerate domestic sales of products with distinctive strengths. Meanwhile, the Group will continue to improve the product mix. In terms of development of specialised generic drug, high-end complex preparations and innovative drugs, the Group will leverage on the cooperation mechanism and talent recruitment mechanism with universities and scientific research institutes to organise the product types in its pipeline and plan, and will explore more high-quality research projects. In the second half of the year, the Group will coordinate to push forward projects with new construction and construction-in-progress, and accelerate advancement of Jiangsu Best New Medical Material to the A-share market of the Beijing Stock Exchange. On the other hand, the Group will actively identify opportunities for merger and acquisition as well as investment in the pharmaceutical industry, which will strengthen the Group’s position in the market and products, and enhance the return on investment.

Mr. Qu Jiguang, Chairman and CEO of SSY said, “The Group will take on the initiatives in its development, maintain the resilience and dynamism of innovation and development, and facilitate the high-quality development of the Group with concrete actions and solid results. We truly believe that with our advantages in scale, quality, management and branding built up in the industry over the years, and with our continous the innovative momentum, we will bring satisfactory returns to our investors with stronger development results.”

Hashtag: #SSY

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

About SSY Group Limited

SSY Group Limited is one of the leading pharmaceutical manufacturers in China with nearly 7 decades of operation history and a well-established brand name. The Group went public on the Hong Kong Stock Exchange in December 2005 with stock code 2005. The Group is principally engaged in the research, development, manufacturing and selling of a wide range of pharmaceutical products, including finished medicines of mainly intravenous infusion solution and ampoule injection to hospitals and distributors, bulk pharmaceuticals and medical materials. The manufacturing plants of the Group locates in Hebei Province and Jiangsu Province in China, and its pharmaceutical products has leading position in the high-end hospital market in China.