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SonicWall Threat Data Exposes Depths of Cyberattacks; Propels the Need for Managed Service Providers (MSPs)

  • Overall attacks attempts climb (+20%), as threat actors diversify tactics – increase in attacks around the globe
  • Ransomware intensifies through the year (+27% in 2H) peaking during the summer months (+37%)
  • Total cryptojacking volume – spikes +659% globally
  • IoT exploit (+15%) and encrypted threats (+117%) also on the rise
  • SonicWall discovered 293,989 ‘never-before-seen’ malware variants – 805 a day

SINGAPORE – Media OutReach Newswire – 22 February 2024 – SonicWall today released the 2024 SonicWall Annual Cyber Threat Report, which exposes all types of cyber behaviors and trends from digital adversaries to help partners build data-driven solutions to keep customers safe. 2023 proved to be a year of volatile, adaptive and creative digital threats, as threat actors continue to be relentless in their assault, leaving organizations looking for another layer of defense.

Organizations are increasingly turning to Managed Service Providers (MSPs) to alleviate pressure on IT departments. Managed services have emerged as a game-changing solution, providing organizations with an additional human-layer of defense, addressing alert fatigue, and freeing up valuable resources and time for core business functions.

“The SonicWall 2024 Threat Report reveals that the threat landscape continues to grow in complexity and depth as threat actors adopt new tactics and platforms,” said SonicWall President and CEO Bob VanKirk. “It has become clear that conventional network security isn’t enough. Security professionals need assistance to cope with the overwhelming volume of cyberattacks and protect from the endpoint to the cloud. Especially as the cloud becomes an indispensable reality for businesses, the role of MSPs is shifting from technical maintenance to raising the bar on their customers security posture.”

Overall attack numbers climbed (+20%) totaling more than 1 billion attempts compared to the same time as last year. Global cryptojacking volume rose 659% and encrypted threat jumped 117%, as threat actors opted for a stealthier, less risky means of malicious activities. The data illustrates the tenacious and evolving state of cyber threats, underscoring the need for businesses to continually adapt their security strategies, and serves as a call for organizations to lean on MSPs to help identify and remediate threats quickly.

Evolved, Diversified Attack Vector

“When it comes to protecting your most valuable assets, organizations must remain alert, and deploy proactive cybersecurity measures, and focus on the threats that actually matter,” said SonicWall Executive Vice President of Managed Security Services Michael Crean. “Today’s organizations demand an integrated approach for end-to-end managed threat protection enabling MSPs to help customers navigate the cybersecurity landscape with confidence and resilience – giving them a distinct competitive edge.”

Cybercriminals and nation states are adapting their abilities to gain access to critical infrastructure, making the threat landscape even more complex and forcing organizations to reconsider their security needs. The second half of the 2023 saw a barrage of ransomware activity (+27%) and a variety of other attacks have trended up globally annually, including IoT exploit (+15%), intrusion attempts (+20%) and encrypted threats (+117%).

“In an era where cyber threats are increasingly sophisticated, MSPs are the frontline defense protecting their customers and helping them spend more of their time managing their business’ needs,” said CTO of Compass MSP and longtime SonicWall partner Alex Tsukanov. “New threats are emerging every day, and MSPs use threat insights to build an actual plan with the necessary capabilities to keep our customers safe, like that found in the SonicWall’s threat report.”

“The threat landscape continues to expand and threat actors continue to evolve their tactics and leverage all tools available to accomplish their nefarious means,” said Debasish Mukherjee, Vice President, Regional Sales, Asia Pacific Japan at SonicWall. “SonicWall continues to publish the Cyber Threat Report to provide threat intelligence to not only offer actionable insight, but to drive our roadmap and build solutions that help our partners. As the likelihood of being targeted continues to increase, yesterday’s safeguards are no longer enough.”

SMB to the Enterprise – The Surge Continues

While ransomware continues to be a threat, SonicWall Capture Labs threat researchers expect a broader set of actions in 2024, specifically targeting SMBs, governments and the enterprise. SonicWall sensors identify and prevent more than 19,000 threats per day.

The 2024 SonicWall Cyber Threat Report provides insight on a range of threats, including:

  • Malware – Total global malware volume rose 11% in 2023, with Latin America and the U.S. logging the biggest jumps – (+30%) and (+15%) respectively. Surprisingly, Europe saw a (-2%) decrease, with the UK seeing the steepest decline of -28%.
  • Ransomware – Overall ransomware numbers saw a -36% decline annually, the summer months and second half of the year suggests a strong rebound, as it spiked +37% during the summer months when compared to the same time last year.
  • IoT Exploit Global volume rose 15%, as connected devices continue to rapidly multiply, bad actors are targeting weak points of entry as potential attack vectors into organizations.
  • Encrypted Threats – Yet another quieter approach embraced by bad actors in the last year was encrypted threats, which spiked (+117%) globally.

Patented RTDMI Discovered more than 294,000 ‘Never-Before-Seen’ Malware Variants

SonicWall’s patented Real-Time Deep Memory InspectionTM (RTDMITM) technology identified a total of 293,989 never-before-seen malware variants in 2023. The threat landscape remains complex, with almost 800 strains of new variants discovered each day.

To learn more about SonicWall and get the complete 2024 SonicWall Cyber Threat Report, please visit www.sonicwall.com/threatreport.

Hashtag: #SonicWall

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

About SonicWall Capture Labs

SonicWall Capture Labs threat researchers gather, analyze and vet cross-vector threat information from the SonicWall Capture Threat network, consisting of global devices and resources, including more than 1 million security sensors in nearly 215 countries and territories. SonicWall Capture Labs, which pioneered the use of artificial intelligence for threat research and protection over a decade ago, performs rigorous testing and evaluation on this data, establishes reputation scores for email senders and content, and identifies new threats in real-time.

About SonicWall

is a cybersecurity forerunner with more than 30 years of expertise and is recognized as a leading partner-first company. With the ability to build, scale and manage security across the cloud, hybrid and traditional environments in real-time, SonicWall provides seamless protection against the most evasive cyberattacks across endless exposure points for increasingly remote, mobile and cloud-enabled users. With its own threat research center, SonicWall can quickly and economically provide purpose-built security solutions to enable any organization—enterprise, government agencies and SMBs—around the world. For more information, visit or follow us on , , and .

Lee Kum Kee Joins the Celebration at Wellington’s Lunar New Year Festival


WELLINGTON, NEW ZEALAND – Media OutReach Newswire – 22 February 2024 – Lee Kum Kee, the authentic Asian sauce and condiment brand, is thrilled to have been part of a highly popular Lunar New Year Festival in Wellington, New Zealand. Held on 17-18 February at TSB Arena, the occasion brought together diverse communities in a vibrant display of cultural tradition.

As a sponsor, Lee Kum Kee was delighted with the event’s great success. The festival was graced by the presence of Wellington Mayor Tory Whanau, as guest of honour, along with distinguished guests including Members of Parliament Carlos Cheung, Nancy Lu and Greg O’Connor.

Greg O’Connor, Member of Parliament for Ōhāriu, Tory Whanau, Mayor of Wellington and Dodie Hung, Executive Vice President – Corporate Affairs of Lee Kum Kee picture at Lee Kum Kee booth.
Greg O’Connor, Member of Parliament for Ōhāriu, Tory Whanau, Mayor of Wellington and Dodie Hung, Executive Vice President – Corporate Affairs of Lee Kum Kee picture at Lee Kum Kee booth.

Also captivating crowds were dragon dances, cultural displays and live performances. Lee Kum Kee shared its passion for authentic Asian cuisine by presenting a diverse range of sauce products at special show prices, encouraging visitors to take home the rich flavours of Asia. Adding to the excitement, the beloved Lee Kum Kee Panda posed for photos and gambolled among festival-goers.

Tory Whanau, Mayor of Wellington, presents a souvenir to Dodie Hung, Executive Vice President – Corporate Affairs of Lee Kum Kee, in appreciation of the company’s support for Wellington’s Lunar New Year Festival.
Tory Whanau, Mayor of Wellington, presents a souvenir to Dodie Hung, Executive Vice President – Corporate Affairs of Lee Kum Kee, in appreciation of the company’s support for Wellington’s Lunar New Year Festival.

Dodie Hung, Executive Vice President – Corporate Affairs of Lee Kum Kee says, “We are grateful to The Asian Events Trust for their dedication in organising such a remarkable celebration and were delighted to support it. Lee Kum Kee remains committed to promoting and sharing authentic Asian flavours and culture worldwide.”

Lee Kum Kee stepped in to save the long-running festival after it announced last November that it could not proceed due to insufficient funding from the city council.

For more about Wellington’s Lunar New Year Festival, visit: www.lunarnewyearfestival.co.nz
Hashtag: #LeeKumKee #WellingtonLunarNewYearFestival #authenticAsiansauces #Asianflavours

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

About Lee Kum Kee

Lee Kum Kee was established in 1888 when its founder Mr Lee Kum Sheung invented oyster sauce in Nanshui, Zhuhai, Guangdong Province of China. With a glorious history of over 135 years, Lee Kum Kee has become an international household name as well as a symbol of quality and trust. Lee Kum Kee offers more than 300 types of sauces and condiments in over 100 countries and regions.

Visit our corporate website for more information:

CloudMile’s Grand Opening of the Centre of Excellence (CoE) in Malaysia

Technology and collaboration-focused talent hub offers a skills development program that will benefit 300,000 Malaysians by 2026


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 22 February 2024 – CloudMile announces the grand opening of the CloudMile Centre of Excellence (CoE) in Malaysia which will be serving customers across Southeast Asia (S.E.A). The CoE, a first-of-its-kind initiative in the cloud industry, helps businesses of all sizes advance their digital competitiveness through upskilling programs for AI and cloud-first practices.

The grand opening ceremony is the first in S.E.A. to feature all the latest market technology powered by Generative AI. Distinguished guests including Raymond Siva, Head of Digital Investment, Malaysia Digital Economy Corporation (MDEC); Phoebe Yeh, Representative of Taipei Economic and Cultural Office in Malaysia; Patrick Wee, Country Manager, Malaysia, Google Cloud; and Megawaty Khie, Director, Channels and Strategic Partnerships, Southeast Asia, Google Cloud, honored the opening ceremony with their presence and delivered insightful speeches, underlining the importance of digital transformation and innovation for Malaysia’s economic growth.

Through the launch of CoE, CloudMile showcased the real-world applications of Data, ESG, and Generative AI in a truly remarkable way during its grand opening. Through these captivating demonstrations, CloudMile not only empowers businesses but also enlightens the public about the enormous possibilities of harnessing the cloud, thereby expediting the journey toward digital transformation.

Lester Leong, CloudMile Malaysia Country Manager stated: “With the establishment of the CoE, we are extending an invitation to a dynamic and vibrant community of thinkers, trailblazers, and visionaries. By joining forces, we are poised to unleash the boundless potential of technology, fostering a flourishing environment where collective achievements and advancements thrive.”

The CoE is expected to benefit 300,000 Malaysians by 2026 via upskilling programs supported by Google Cloud, CloudMile, and Trainocate Malaysia, where participants will have access to digital learning paths at no cost, acquiring crucial skills and earning industry-recognized badges that open doors to new career possibilities.

Patrick Wee, Country Manager, Malaysia, Google Cloud, said: “Customers look to our partner ecosystem for strategic counsel, expert implementation services, and deep product domain expertise to transform their business and industry – and to do so in markets often defined by unique policies, compliance requirements, and cultural nuances. Having embarked on a journey with partners like CloudMile to expand their delivery capability in areas like Google Workspace, modern infrastructure, generative AI, and data analytics, it’s exciting and encouraging to see them double down on their market-specific commitments to better serve local organizations and individuals. We congratulate CloudMile on the launch of their CoE, and look forward to deepening our partnership to drive further customer success and growth in Malaysia.”

CloudMile is privileged to have established partnerships with leading technology vendors in various fields to drive business expansion and digital innovation. Partners such as Google Cloud, MongoDB, Fivetran, and Confluent are instrumental in AI and data, while Horangi, Palo Alto Networks, and JumpCloud provide essential security solutions. The partnerships enable real-world success stories and enterprise use cases across industries.

Hashtag: #CloudMile

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

IAQG Publishes First IA Standard Through Global Publishing Partner SAE International


Brussels, Belgium – News Direct – 22 February 2024 – The International Aerospace Quality Group® (IAQG) announced today the publication of the first International Aerospace (IA) standard, IA9137™: Guidance for the Application of AQAP 2110 within a 9100 Quality Management System. SAE International®, the organization’s partner in developing international standards, has released IA9137 globally.

This standard provides guidance intended to help an organization understand the relationship between Allied Quality Assurance Publication (AQAP) 2110 “NATO Quality Assurance Requirements for Design, Development and Production” and AS/EN/JISQ9100 “Quality Management Systems – Requirements for Aviation, Space and Defense Organizations.”

Through the IAQG/SAE Standards Development and Publications Agreement, the aerospace industry can turn to SAE or one of its many global resellers to purchase the IA9137, including new and/or newly revised 91xx series standards. As part of this agreement, SAE is publishing IA9137 simultaneously in English, Spanish, German, French, Italian, Japanese, Chinese and Korean.

Eric Jefferies, the President of IAQG, explained that the purpose of this agreement was to simplify the development and publication process by utilizing a single, common workflow. “This approach enhances our speed to market while improving the management of global distribution. In addition to these benefits, we are witnessing the first standard to be published globally in multiple languages on the same day.”

“The publication of IA9137 is a testament to the long-standing relationship between IAQG and SAE – and the worldwide consensus we foster. Through this new process and the SAE StandardsWorks 2.0 platform, the truly global aerospace community is able to collaborate directly and efficiently on the standards which uphold quality across the industry,” said David Alexander, senior director of aerospace standards at SAE International.

For more information about IA9137: Guidance for the Application of AQAP 2110 within a 9100 Quality Management System or to purchase the standard, visit the IA landing page https://www.sae.org/iaqg.

Previously released IAQG standards will transition from sector designations of AS, EN, SJAC or JISQ to the new singular designation at the time of revision. IAQG currently maintains 26 active standards that establish common/shared tools and methods for quality improvement. To learn more, visit https://iaqg.org.

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About the International Aerospace Quality Group:
As an international non-profit association under Belgian law with an office registered in Brussels (Belgium), the IAQG sets the standard for quality within the worldwide supply chain of the aerospace industry. The organization is comprised of member companies within the aviation, space and defense industries that design, develop, manufacture and support original equipment at system or subsystem levels. The IAQG is committed to establishing commonality of quality systems and improvement standards. These standards are documented, published and applied internationally by original equipment manufacturers (OEMs) and circulated throughout the supply chain. To learn more, visit https://iaqg.org.

About SAE International
SAE International is a global association committed to advancing mobility knowledge and solutions for the benefit of humanity. By engaging nearly 200,000 engineers, technical experts and volunteers, we connect and educate mobility professionals to enable safe, clean, and accessible mobility solutions. We act on two priorities: encouraging a lifetime of learning for mobility engineering professionals and setting the standards for industry engineering. We strive for a better world through the work of our philanthropic SAE Foundation, including award-winning programs like A World In Motion® and the Collegiate Design Series™. More at www.sae.org.

Contact Details

Susan Matson
IAQG
+1 484-832-5176
communications@iaqg.org

Hashtag: #IAQG

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

N-Soft Empowers Digital Sovereignty Using Economic Intelligence in New Partnership


HONG KONG SAR – African Media Agency – 21 February 2024 – N-Soft’s disruptive governance technology is revolutionizing revenue mobilization and improving business environments. The company’s Gambling Management System (GMS) empowers governments to better oversee the gambling sector specifically. By seamlessly extracting, processing, and certifying vital data such as player registrations, game results, and prize distributions, GMS provides an exhaustive overview of all gambling activities. N-Soft stands out for its quick 13-week setup, quick time-to-value, thorough training sessions for on-site teams, and commitment to data security through local storage.

N-Soft Spearheads Digital Sovereignty and Economic Intelligence with New Burundi Partnership

Recently, N-Soft signed a contract with the government of Burundi, a nation of over 13 million people with a 4.0% growth rate, to deploy its groundbreaking GMS solution. This strategic initiative marks a significant collaboration between N-Soft, the Ministry of Finance, and the Ministry of Commerce in Burundi. The implementation will empower the Loterie Nationale du Burundi (LONA) as the principal user, which oversees eight existing gambling providers within the country, and the project will unfold in two phases. Initially, it will focus on lotteries, online platforms, sports betting, and horse racing, followed by an expansion into casino operations, encompassing slot machines.

Reflecting on this transformative moment, Léa NGABIRE, the General Director of LONA, stated, “The implementation of N-Soft’s technological governance solutions to oversee the gambling sector in Burundi is a key step in our revenue mobilization strategy and in the restoration of our digital sovereignty. We are confident that we can now achieve our objectives.” This endorsement from a top official highlights the critical role of N-Soft’s intervention in setting new standards for healthy governance practices within the country.

N-Soft, which is used in Sierra Leone and a host of other nations across the world, also provides valuable economic intelligence to governments, which fosters transparent business environments and informed policymaking. This, in turn, attracts foreign investment and contributes to sustainable growth.

Hashtag: #NSoft

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

About N-Soft

Established in 1986, N-Soft’s governance technology empowers national authorities to acquire economic intelligence, foster transparent business environments, and mobilize more domestic revenue from various economic sectors. Currently operating in the DRC, Sierra Leone, and Mozambique among others, N-Soft is the premier revenue mobilization provider worldwide.

For more information or inquiries, please visit or email

VinFast to break ground for its integrated electric vehicle facility in Tamil Nadu, India


TAMIL NADU, INDIA – Media OutReach Newswire – 21 February 2024 – VinFast Auto announced that it will break ground at its integrated electric vehicle (EV) manufacturing site in Thoothukudi City, Tamil Nadu on February 25, 2024. This move represents a significant step towards a strategic partnership between VinFast and the State Government aimed at advancing the development of green transportation in India and in the region.

VinFast to break ground for its integrated electric vehicle facility in Tamil Nadu, India


The partnership between VinFast and the Government of Tamil Nadu, which began from the signed Memorandum of Understanding (MoU) announced on January 6, 2024. The collaboration aims toward an intended commitment of USD 500 million for the first phase of the integrated EV facility, spanning five years from the commencement date. This move is a significant milestone in VinFast’s global expansion strategy of venturing into one of the world’s fastest growing major economies and its burgeoning EV market.

The groundbreaking ceremony of the EV manufacturing plant just over a month after the announcement of the MoU with the State Government affirms VinFast’s strong determination and roll-out speed in its global expansion plan.

VinFast’s integrated EV manufacturing facility in Tamil Nadu is projected to churn out about 3,000 to 3,500 local job opportunities, demonstrate the company’s commitment to the State’s socio-economic development.

The VinFast Tamil Nadu project aims to develop into a first-class electric vehicle production hub in the region, with an annual capacity of up to 150,000 units in its full capacity. This facility not only caters development objectives in the Indian market, but also serves export demands to South Asian, Middle Eastern and African countries.

Additionally, the project will catalyze green transportation development which is key agenda for the government of India and the States of curtailing carbon emissions in the transport sector, targeting 30% of newly registered private cars to be electric.

As Vietnam’s leading electric vehicle manufacturer with global aspirations, VinFast’s relentless dedication to innovation and research propels the Company towards its goal of being a global leader in the electric vehicle industry and its commitment to a sustainable future for all.

Hashtag: #VinFast

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

UXLINK Social Infrastructure Breaks New Records, Attracts 230,000 New OKX Wallet Registrations in 14 Days, 72% Deposit Rate


SINGAPORE – Media OutReach Newswire – 21 February 2024 – From February 2nd to February 16th, UXLINK, a Web3 social infrastructure with a unique “Real World Social” and “group” model, launched a two-week joint campaign with OKX Web3 wallet, and it was reported that in the two weeks since the campaign went live, more than 230,000 OKX Web3 wallet addresses have been created and linked to UXLINK. These wallets have a token asset deposition rate of over 70%, with an average asset value of over $70 USD equivalent in tokens, totaling $11 million. The user base is truly global, spread across more than 100 countries and regions, including Vietnam, Indonesia, Nigeria, Europe, and the Middle East. The campaign saw a 42% new registration/UV ratio, reflecting the fact that real world social relationships and group interactions of acquaintances bring trust and efficiency.

UXLINK

UXLINK Protocol enables any decentralized applications (DApps) to use a wide range of on-chain and off-chain social resources, such as user’s social account information, user’s social relationship graph, user’s social tags, social relationship recommendation and so on, which can accelerate the development of DApps, achieve cross-chain functionality and coordinate the social data of different scenarios. These social resources can accelerate the development of DApps, realize cross-chain functions and coordinate social data in different scenarios, so that DApps can better achieve their business goals and provide better user experience for their users.

UXLINK has officially opened the third phase of its “Odyssey” airdrop task, with multi-wallet registration, binding and check-in functions, and inviting friends to participate in the event can get additional token rewards. It is reported that the number of participants in the Odyssey has exceeded 40,000, and will officially open the $UXLINK governance token airdrop in March.

As of press time, UXLINK’s certified users have exceeded 3 million, entering more than 74,000 groups, covering around 6 million users, becoming a new generation of Web3 traffic and protocol-based infrastructure. According to UXLINK community, UXLINK will open up protocols and work with more developers and ecological partners in the future, and continue to provide Web3 infrastructure services for different social scenarios (e.g., WhatsApps, Facebook, mailbox contacts, cell phone contacts, Google contacts, etc.).

Hashtag: #blockchain #UXLINK




Odyssey:

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

Pacific Century Premium Developments Limited announces annual results for the financial year ended December 31, 2023


HONG KONG SAR – Media OutReach Newswire – 21 February 2024 –

2023 Annual Results – Financial Highlights

(Figures for the corresponding period in 2022 are shown in brackets)

  • Consolidated revenue: HK$ 822 million (HK$ 561 million)
  • Consolidated operating loss: HK$ 89 million (HK$ 215 million)
  • Consolidated net loss attributable to equity holders of the Company: HK$ 466 million (HK$ 598 million)
  • Basic loss per share: 22.89 HK cents (29.34 HK cents)
  • No final dividend (No final dividend)

Pacific Century Premium Developments Limited (“PCPD”, SEHK: 00432) has announced its annual results for the year ended December 31, 2023.

The consolidated revenue of PCPD and its subsidiaries (together, the “Group”) amounted to HK$ 822 million, representing an increase of 46% compared to the revenue of HK$ 561 million in 2022.

The Group’s consolidated operating loss amounted to HK$ 89 million, representing a decrease of 59% compared to the operating loss of HK$ 215 million in 2022.

The consolidated net loss attributable to equity holders of the Company for the year of 2023 was HK$ 466 million, compared to the net loss of HK$ 598 million in 2022.

Basic loss per share for 2023 was 22.89 Hong Kong cents compared to the loss per share of 29.34 Hong Kong cents for the previous year.

The Board of Directors has not recommended the payment of a final dividend for the year ended December 31, 2023.

In 2023, we achieved a solid set of results which reflect a period of persistent recovery for the Group. Following several years of global travel restrictions, the international travel and tourism sector has experienced a gradual return to pre-pandemic travel patterns in the past year. This development continued to stand PCPD in good stead.

Park Hyatt Niseko, Hanazono, our hotel operations in Hokkaido, delivered an excellent performance in 2023, as Japan saw a sharp rise in inbound tourists during the year, which was Park Hyatt Niseko’s first full year of operation since the country lifted COVID-related travel restrictions on foreign tourists. In 2023, recreational facilities at Niseko Hanazono Resort also recorded a significant increase in the number of visitors and users compared to that of last year.

In Jakarta, Indonesia, the occupancy of our premium commercial building, Pacific Century Place, Jakarta (“PCP Jakarta”), remained stable throughout the year. At the end of December 31, 2023, the office space occupancy was 83%, compared to 81% the previous year.

In Thailand, foreign tourist arrivals continued to increase, which helped drive up revenue for the Group’s golf clubhouse and 18-hole golf course in Phang Nga.

Piling work for our property development project at 3–6 Glenealy, Central has been progressing well.

We are cautiously optimistic about the property sectors in Hong Kong, Japan, Thailand and Indonesia in the long run. We will formulate our cost and revenue strategies in preparation for unforeseen situations and also to enhance our business performance.

Mr. Benjamin Lam, PCPD’s Deputy Chairman and Group Managing Director, said: “Globally, 2024 will present different challenges, although there will also be opportunities in the Asia-Pacific region. We will monitor closely changes in the market while remaining agile in the way we deploy our resources, with a view to optimising our performance and delivering returns.”

Hashtag: #PCPD

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

About PCPD

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