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Sunlight REIT’s Operational Statistics for the Third Quarter of the Financial Year 2022/23

HONG KONG SAR – Media OutReach – 19 April 2023 – Henderson Sunlight Asset Management Limited (the “Manager“), as manager of Sunlight Real Estate Investment Trust (“Sunlight REIT“), announces the operational statistics of Sunlight REIT for the third quarter of the financial year 2022/23.

At 31 March 2023, the portfolio occupancy rate of Sunlight REIT stood at 92.1% (31 December 2022: 92.5%). Office and retail occupancy rates were 91.5% and 93.3% respectively, as compared to 92.2% and 93.1% at 31 December 2022.

The overall passing rent of Sunlight REIT’s portfolio was HK$45.2 per sq. ft. at 31 March 2023, largely unchanged from the corresponding figure a quarter ago. Benefitting from the decent leasing demand for Grade B office properties focusing on service trades, the office portfolio registered a mild rental reversion of 2.1% for the quarter under review. While a negative rental reversion of 2.3% was recorded for the retail portfolio, the momentum of downward adjustment was clearly decelerating, reflecting the gradual recovery of the retail sector in tandem with the removal of social distancing restrictions.

In respect of the performance of key office properties, occupancy rate of Dah Sing Financial Centre was 87.1% at 31 March 2023, with a passing rent of HK$41.7 per sq. ft.. Meanwhile, Strand 50 experienced a drop in occupancy rate to 89.6% as the Manager decided to restructure the lease with a co-working space operator. On the Kowloon side, capitalizing on the improving consumer sentiment, occupancy rate of The Harvest rebounded to a satisfactory level of 95.7%.

On the retail front, occupancy rates of Sheung Shui Centre Shopping Arcade and Metro City Phase I Property were 91.8% and 92.5% at 31 March 2023 respectively, while their corresponding passing rents were HK$98.5 per sq. ft. and HK$55.0 per sq. ft..

Remarks: Attached operational statistics of Sunlight REIT for the third quarter of the financial year 2022/23.

Operational statistics for the third quarter of the financial year 2022/23

Property Location Occupancy
Rate (%) 1
Passing Rent (HK$/sq. ft.) 2
at 31 Mar 23 at 31 Dec 22 at 31 Mar 23 at 31 Dec 22
Office
Dah Sing Financial Centre Wan Chai 87.1 88.5 41.7 41.6
Strand 50 Sheung Wan 89.6 92.3 30.6 32.3
135 Bonham Strand Trade Centre Property Sheung Wan 100.0 99.4 26.6 26.7
The Harvest Mong Kok 95.7 91.4 41.2 41.0
Winsome House Property Central 91.5 88.8 40.1 39.9
Righteous Centre Mong Kok 99.3 100.0 35.1 34.9
235 Wing Lok Street Trade Centre Sheung Wan 94.1 94.5 19.7 19.7
Java Road 108 Commercial Centre North Point 98.1 96.1 24.6 24.8
On Loong Commercial Building Wan Chai 100.0 100.0 27.8 27.2
Sun Fai Commercial Centre Property Mong Kok 98.5 97.1 21.3 21.4
Wai Ching Commercial Building Property Yau Ma Tei 91.7 97.2 17.0 17.0
Average 91.5 92.2 34.5 34.7
Retail
Sheung Shui Centre Shopping Arcade Sheung Shui 91.8 91.7 98.5 98.4
Metro City Phase I Property Tseung Kwan O 92.5 91.9 55.0 54.6
Kwong Wah Plaza Property Yuen Long 97.0 97.8 53.8 52.1
Supernova Stand Property North Point 100.0 100.0 57.3 57.2
Beverley Commercial Centre Property Tsim Sha Tsui 100.0 100.0 29.6 29.6
Average 93.3 93.1 67.6 67.1
Average 92.1 92.5 45.2 45.0

Notes :

  1. Calculated on the basis of occupied gross rentable area (“GRA“) as a proportion of total GRA on the relevant date.
  1. Calculated on the basis of average rent per sq. ft. for occupied GRA on the relevant date.

Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.
Hashtag: #SunlightREIT

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

Sunlight REIT

Listed on The Stock Exchange of Hong Kong Limited since 21 December 2006, Sunlight REIT (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission, and constituted by the amended and restated trust deed dated 10 May 2021 (the “Trust Deed”). It offers investors the opportunity to invest in a diversified portfolio of 11 office and six retail properties in Hong Kong with a total gross rentable area of approximately 1.3 million sq. ft.. The office properties are located in both core and decentralized business areas, while the retail properties are situated in regional transportation hubs, new towns and urban areas with high population density.

The Manager

The Manager of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited. Its main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.

Thai Tour Operators Seek Clarity Regarding New Tourism Fee

Operators Demand Clarity Regarding Thailand’s Tourism Fee
Foreign tourists arrive at Suvarnabhumi airport in Bangkok on Nov 1, ( Photo : Bangkok Post )

The Tourism and Sports Ministry has delayed the THB 300 tourism fee collection for international visitors from June to September due to implementation issues and tourism operators have asked for more clarity on the same from the government.

Cambodia Sets New World Record for Origami Hearts Display

Cambodia Breaks Origami Hearts World Record in Support of SEA Games
The heart origami field (photo: Hong Menea)

Cambodia has secured a spot in the Guinness Book of Records for the world’s largest display of origami hearts, announced a Guinness World Records adjudicator on Tuesday.

Elsevier reimagines clinical decision support with the new ClinicalKey® to enable easy access to both comprehensive medical evidence and quick clinical answers for providers

Enhanced features, launched at the HIMSS 23 Conference, incorporates point of care functionality alongside extensive reference content

Chicago, US – News Direct – 19 April 2023 – Elsevier, a global leader in evidence-based clinical practice content, research publishing and information analytics, is announcing the launch of its newly enhanced clinical decision support solution ClinicalKey®, which includes an extensive drug compendium, a new mobile application and deeper integration into the Electronic Health Record (EHR). These new features provide physicians in the US and across global markets with easier access to comprehensive and reliable medical content at the point of care, helping them to diagnose and treat patients faster.

ClinicalKey is a global leader in reference use cases, providing access to market-leading, evidence-based content. The new features announced today mean clinicians can now additionally use ClinicalKey to access crucial, trusted summary information, all within a single source.

Josh Schoeller, President of Clinical Solutions, Elsevier said “Today’s clinicians are facing growing pressure as they provide care – more patients presenting with complex comorbidities, an increasing workload due to a global shortage of healthcare professionals, and a high volume of medical research output. Against this backdrop, we need to support clinicians by making the information they need as accessible as possible. Today’s enhanced ClinicalKey will make the lives of clinicians easier by providing a single, simple location to access the essential information they need at the point of care.”

The development of the next generation ClinicalKey was created with the needs of physicians in mind. Based on the latest findings, physicians spend half of their shift in the EHR[1], so clinical decision support must be deeply embedded in the EHR system. 80% of doctors use mobile devices at work[2] making access to a modern mobile app crucial for a point of care solution, and many clinicians find an increasing number of clinical questions at the point of care are about drug information.

The enhanced ClinicalKey responds to all these challenges:

  • EHR integration – with an EHR-integrated experience through SMART on FHIR, clinicians can navigate to ClinicalKey directly within their workflow.
  • Drug information – frictionless access to expanded drug information and tools to support clinical decision making.
  • Mobile app – a completely redesigned mobile experience that allows clinicians to easily access the information they need, when they need it.

To learn more about ClinicalKey, click here.

Hashtag: #Elservier

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

About ClinicalKey

Patients rely on your clinicians at every moment in their care journeys. Clinicians, in turn, want to ensure they’re making the best decisions possible for those in their care. But that requires a lot of information gathering, coordinating, and keeping up with dynamic clinical knowledge. ClinicalKey streamlines access to consistent, evidence-based information to help clinicians do just that. From quick answers at the point of care to leading full-text reference material, it delivers trusted content to support clinicians and those in training who need to stay abreast of rapidly expanding clinical knowledge, quickly confirm diagnosis and treatment information, and advance critical thinking skills and research.

About Elsevier

As a global leader in information and analytics, helps researchers and healthcare professionals advance science and improve health outcomes for the benefit of society. We do this by facilitating insights and critical decision-making for customers across the global research and health ecosystems.

In everything we publish, we uphold the highest standards of quality and integrity. We bring that same rigor to our information analytics solutions for researchers, health professionals, institutions, and funders.

Elsevier employs 8,700 people worldwide. We have supported the work of our research and health partners for more than 140 years. Growing from our roots in publishing, we offer knowledge and valuable analytics that help our users make breakthroughs and drive societal progress. Digital solutions such as , , , and support strategic , , and . Researchers and healthcare professionals rely on our 2,500+ digitized journals, including “ and “; our 40,000 e-Book titles; and our iconic reference works, such as “Gray’s Anatomy.” With the and our external , we work in partnership with diverse stakeholders to advance in science, research and healthcare in developing countries and around the world.

Elsevier is part of , a global provider of information-based analytics and decision tools for professional and business customers.

The IKEA Sustainability Report FY22 IKEA Global reduced 1.4 million tons of carbon emissions for the Earth last year Promoting the concept of Green and Healthy Home

HONG KONG SAR – Media OutReach – 19 April 2023 – IKEA has been committed to promoting global sustainability by incorporating various environmental protection features into our products’ functionality and manufacturing processes. In FY2022, IKEA globally reduced its carbon footprint by 5% compared to the previous year, and by a significant reduction of 12% compared to the FY2016 baseline which in other words, has approximately reduced 1.4 million tons of carbon emissions. This achievement is equivalent to planting 140 million trees on Earth. IKEA Global has also increased the use and coverage of renewable energy to 64%, creating a more environmentally friendly home-living for the public.[1] To echo with Earth Day, we are pleased to release the IKEA Sustainability Report FY22 and announce our annual sustainability activities in Hong Kong, reaffirming IKEA’s commitment and strategies in achieving healthy and sustainable living, circular and climate positive, as well as fair and equal.

Adrian Worth, Managing Director of IKEA North Asia, DFI retail group, said, “In the face of the global warming crisis, IKEA has been devoting effort in formulating proactive and comprehensive sustainability strategies to provide the public with a healthier and more equal living from the domestic life perspective. In recent years, IKEA Hong Kong has launched creative and forward-looking initiatives which made remarkable achievements. More and more co-workers and customers recognise our vision and join hands with us in fulfilling our social responsibility of protecting the environment.”

Those initiatives include:

  • Hong Kong’s First IKEA Microsite on Carousell: Collaborating with Hong Kong’s popular online marketplace Carousell to build a limited-edition IKEA microsite, where a collection of display items and discontinued models can be found at discounted prices. This collaboration builds up consumers’ awareness of reusing and reducing waste and achieves a sustainable consumption pattern.
  • ‘Light Up Hope’ programme: IKEA joined forces with local charitable organisation A Plastic Ocean Foundation to organise the Light Up Hope programme to help improving the living conditions of families in Hak Pak Nai, which have long been suffering from natural disasters caused by climate change, by providing these households with electricity safety inspection, energy-efficient lighting as well as climate disaster education. 120 households in Ha Pak Nai benefit from the scheme.
  • UNDER HAVET Marine Conservation Exhibition: The Ocean Exhibitions at four of our Hong Kong stores were presented in a fun comic-book style allowing children and adults to learn that ordinary items around us can be the source of marine pollution and how simple daily practices can help conserving the ocean. The exhibition also shares IKEA’s approach to regenerating marine pollutants to contribute to marine conservation. These include the recycling of marine plastic waste into recycled polyester, which is then used to produce eco-friendly toys.
  • Blue Bag Fund: IKEA set up the Blue Bag Fund in 2019. For every IKEA blue bag (FRAKTA bag, M or L size) sold, IKEA donates HKD/MOP $1 to the fund to support our community projects, such as helping redesign the centres of two NGOs – Good Shepherd Sisters and Fountain of Hope in Macau. In 2022, IKEA donated over $800,000 to the Blue Bag Fund, supporting varied activities.
  • IKEA Tsim Sha Tsui Plan and Order Point: The Tsim Sha Tsui Plan and order point embodies the theme of healthy and sustainable living, selling over hundreds of sustainable furniture and accessories that match the concept of green and low carbon. This encourages customers to cultivate daily practices of waste reduction and resource conservation. Customers will learn tips about sustainability and concepts about green living from the labels posted in the surroundings.
  • Introducing Food Waste Handling Machine: We have installed a food waste handling machine in the Tsuen Wan store and the Kowloon Bay store, allowing co-workers to get informed about the latest situation efficiently and convert food waste to water. 5,000 kg of food waste is being processed every year, reducing the landfill’s pressure.

To encourage customers to join IKEA in promoting healthy living and sustainable development, here are five tips to help consumers practice green living while purchasing our furniture products:

  1. Choose energy efficient LED light bulbs: Not only do LED light bulbs use up to 85% less energy than incandescent bulbs, but they last up to a 20-year lifespan. IKEA Hong Kong sold over 610,000 LED light bulbs in the past two years, saving energy consumption.
  2. Choose taps with energy-saving water nozzles: Water resources issue has always been a concern. IKEA revamps the hand showers’ design by adding washers into all showers which reduces almost 30% of water consumption. We also added water and energy-saving devices in the kitchen tap which reduces water usage by nearly 50%. The new ÅBÄCKEN water nozzle can even control the water flow rate, effectively saving 95% of water usage. In 2022, IKEA Hong Kong sold over 4,000 taps and water nozzles, helping consumers protect precious water resources in their daily lives.
  3. Choose HOPPVALS cellular blind: Summer is coming and there will be a surge in electricity demand. By choosing energy-efficient cellular blind, you can also contribute to environmental protection. The design inspiration of cellular blind comes from the honeycomb structure of bees that forms a heat-insulating layer to reduce the amount of heat entering indoors and families’ expense on air conditioning. In the past two years, IKEA Hong Kong has sold over 7,000 HOPPVALS cellular blinds which helps facilitate families to save electricity effectively.
  4. Choose plant-based food: IKEA continues to research and invent ‘plant-based food’ which are both environmentally friendly and delicious. In 2020, we launched plant ball. These plant-based foods require less resources that produce fewer carbon footprints. In the past three years, the sales of plant balls at IKEA Hong Kong have reduced 6 million kilograms of global carbon emissions, that is equivalent to planting over 64,000 trees, providing the public with another option to build a healthy lifestyle. There is also an Earth Day 15% off promotion of selected plant-based food series until 26 April 2023, to encourage customers in choosing plant-based food.
  5. Second Life for Furniture: A collection of display items and discontinued models are available at discounted prices in IKEA’s Bargain Corner, which provide consumers with alternative options when shopping for new furniture for the home. This also gives these functioning used products in good condition a second life, to reduce discard and waste, and achieve a sustainable consumption pattern.

In the coming year, IKEA will continue to promote sustainable development through different activities and strategies, including promoting more sustainable home décor and continuing the Light Up Hope programme to build a strong and sustainable community with our customers and alleviate the climate crisis.

Hashtag: #IKEA

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

Masan High-Tech Materials achieves record revenues in 2022

Growth through sustainability: Masan High-Tech Materials targets net revenue of VND18,200 billion in 2023

HANOI, VIETNAM – Media OutReach – 19 April 2023 – Masan High-Tech Materials (HNX-UpCOM: MSR, “Masan High-Tech Materials”, “MHT” or “Company”) organised its Annual General Meeting (AGM) 2023 with the theme of ‘Growth through Sustainability’ in Ha Noi.

Mr. Danny Le, Chairman of the Board of Directors, Masan High-Tech Materials Corporation (MHT)
Mr. Danny Le, Chairman of the Board of Directors, Masan High-Tech Materials Corporation (MHT)

At the AGM, Chief Executive Officer of MHT, Craig Richard Bradshaw shared: “Masan High-Tech Materials had a year of challenges, overcoming market fluctuations and impacts of various factors in the region and the world. Though Tungsten revenues and tungsten scrap recycling rates were significantly higher, contributing to delivering FY2022 record revenue”.

In 2022, on the back of ongoing strong demand and pricing for tungsten products, Masan High-Tech Materials delivered record revenues of VND15,550 billion, a VND1,985 billion improvement (an increase of 15%), over FY2021.

WO3 revenue increased by 13% cent, with midstream products (tungsten carbides and powders) produced by H.C. Starck Tungsten Powders, a Germany headquarter subsidiary of Masan High-Tech Materials (“H.C. Starck”), accounting for 70% of that growth. EBITDA increased by 5%, reaching VND3,203 billion – the second-highest EBITDA ever achieved.

As a result of drilling undertaken at Nui Phao throughout 2020 and 2021, we have increased the JORC Reserves significantly compared to the 2019 JORC Reserves. In November 2022, this leaves 44.1 million tonnes of ore still to be mined and processed, giving an indicative mine life of at least another 12 years.

Production from tungsten scrap recycling within H.C. Starck increased by 13%. MHT is working to increase the proportion of its production from secondary sources (scrap recycling) in keeping with the Company’s “Reduce, Reuse, Recycle” policy.

In 2022, Masan High-Tech Materials established a global innovation hub based on our two R&D centres in Goslar, Germany and Thai Nguyen, Viet Nam.

Leveraging the technological advancements of H.C. Starck over the past 100 years, MHT continued to invest in innovation and process improvement to maintain its long-term growth trajectory. The Company has developed innovative processes, breakthrough solutions, and eco-friendly products to meet the global market’s unmet needs, earning 95 new patents worldwide and 50 patents still in the application stage.

With extensive experience and potential in supplying high-tech materials and ongoing research to evaluate the needs of critical industries, MHT believes that Tungsten is the “key” to the innovative future of these industries.

In 2022, Masan High-Tech Materials executed definitive agreements to invest £45m (approx. Euro52m) into Nyobolt Limited (“Nyobolt”), a UK-based Lithium-ion fast-charging battery solutions company, to promote the application of advanced Tungsten materials in the development and manufacturing of high-performance batteries.

Tungsten-containing batteries can charge up to more than 90% in only 5 minutes with higher heat resistance, 10 times greater power density and durability, resulting in cost savings and more safety for users. Even at the end of the battery life, the new battery technology also allows for recovering and reusing key metal components like lithium, manganese, cobalt, nickel, tungsten and niobium.

Following the achievements in 2022, on February 20th, 2023, H.C.Starck officially launched new advanced tungsten powders under its trademarked ‘starck2charge®’, used specifically in manufacturing safe and fast-charging Li-ion battery.

This type of battery is expected to help solve new problems and establish a comprehensive clean energy ecosystem, especially playing an important role in global electromobility. At the end of March 2023, H.C. Starck continued to launch the trademark ‘starck2print®’, special tungsten powders and complementary innovation services for 3D printing with high chemical purity and stability, and great significance in the medical and pharmaceutical industries. ‘starck2charge®’ and ‘starck2print® are the continuation of Masan High-Tech Materials’ advanced product portfolio expansion to meet the needs of global advanced technology companies and industries.

From the success of the high-tech Tungsten refining and processing project, Masan High-Tech Materials plans to implement the first ever and largest Tungsten recycling plant project in Vietnam servicing the Asian region. The goal is to make Viet Nam the leading Tungsten and critical metals recycling technology development centre in the region.

The success of the Project will demonstrate our outstanding competence and provide the Vietnamese workforce with an opportunity to advance engineering capabilities in the high-tech manufacturing space, enhancing the country’s competitiveness in the global tungsten market.

In 2023, the Company will focus on developing a fully integrated circular economy model with a closed value chain encompassing waste and scrap collection, processing, recycling of scraps, and raw material recovery.

Accordingly, tungsten will be recovered from used batteries and industrial wastes, and then recycled as feed materials for new product development. The Company expects net revenue in 2023 of VNĐ16,500 billion to VNĐ18,200 billion, an increase from 6% to 17% compared to the previous period.

CONTACTS

Investors/Analysts

Phu Duong
T: +84 28 6256 3862
Email: ir@msn.masangroup.com

Media

Pham Thi Hong Van
T: +84 909 216 292
Email: vanpth@msn.masangroup.com

Pham Thi Hong Hanh
T: +84 925 211 282
Email: hanh.pham@mht.masangroup.com

Hashtag: #MasanHigh-TechMaterials #MHT #MSR

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

ABOUT MASAN HIGH-TECH MATERIALS

Masan High-Tech Materials is the global leader in providing advanced tungsten materials used in key industries such as electronics, chemical, automotive, aviation and aerospace, energy and pharmaceuticals with production facilities in Viet Nam, Germany, Canada and China, servicing the world.

As the largest manufacturer of mid-stream Tungsten products outside of China, the Company has two research and development centres in Germany and Viet Nam. It operates the Nui Phao polymetallic mine and a state-of-the-art tungsten processing plant in Thai Nguyen Province. Masan High-Tech Materials is also a globally significant producer of Fluorite and Bismuth.

This press release contains forward-looking statements regarding Masan High-Tech Materials’ expectation, intentions or strategies that may involve risks and uncertainties. These forward-looking statements, including Masan High-Tech Materials’ expectations, involve known and unknown risks, uncertainties and other factors, some of which are beyond Masan High-Tech Materials’ control, which may cause Masan High-Tech Materials’ actual results of operations, financial condition, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You should not rely upon forward-looking statements as predictions, future events or promises of future performance.

WCS, Ministry Plan to Further Strengthen Protection of Xe Champhone Wetlands

Xe Champhone Wetlands ( Photo : WCS).

Wildlife Conservation Society (WCS) and the Ministry of Natural Resources and Environment organized a meeting earlier this month to strengthen wildlife protection in the areas of Xe Champhone Wetlands in Savannakhet.

Chiang Mai’s Air Quality Plummets to World’s Worst for Second Time This Month

Thailand to Take Action After Chiang Mai Records World Worst Air Pollution
The PM 2.5 air pollution blankets the province of Chiang Mai (photo: Pattaya Mail)

For the second time in April, Chiang Mai reported the world’s worst air pollution on Tuesday morning as Air Quality levels reached an unhealthy high of 180.