SINGAPORE – Media OutReach – 22 June 2023 – Wiselink, a prominent distributor of electronic components in the Asia Pacific region, has been honoured with the Sales Performance of the Year Award from Cinch Connectivity Solutions, a subsidiary of Bel Group. This recognition underscores the company’s notable sales performance, strong customer support, and capacity to foster business growth through effective collaboration and service delivery.
Wiselink attributes its success to three key factors: a customer-centric approach, innovative solutions, and a highly skilled team of professionals. By prioritising the needs of customers, Wiselink consistently delivers reliable and efficient solutions that encompass a wide range of electronic components such as connectors, resistors, relays and more. These qualities have contributed to the company’s strong reputation in the industry.
Building upon this achievement, Wiselink has recently launched its highly anticipated e-commerce platform, expanding its reach and accessibility for customers. The platform offers a seamless online shopping experience, granting convenient access to its range of electronic components. These solutions have gained widespread adoption across diverse sectors, including telecommunications, automotive and transportation, information systems, and medical and life sciences.
Since its establishment in 1993, Wiselink has been a trusted electronics components distributor in Asia, namely operating in Singapore, Malaysia, Thailand, China, and the Philippines. Through collaborations with renowned manufacturers such as Mill-Max, Coto Technology, Cinch Connectivity Solutions and Pickering, Wiselink offers an extensive portfolio of genuine products that meet ISO9001 requirements. Its diverse product range includes connectors, magnetic components, pogo pins, frequency products, resistors, reed relays, switches, and more. Serving both industrial and commercial users of electronic components, Wiselink prioritises product quality and customer service, providing support throughout all stages of the design-production cycle.
As Wiselink moves forward, it remains focused on enhancing its product and service offerings, forging strategic partnerships, and leveraging emerging technologies to meet evolving market demands. By prioritising innovation, the company distinguishes itself from competitors, striving to deliver solutions that enable seamless connectivity and drive operational efficiency for its clients.
The Sales Performance of the Year Award reaffirms its position as a leading distributor of electronic components in the Asia Pacific region, further establishing its reputation for excellence and customer satisfaction. With the launch of its e-commerce platform, Wiselink is poised to maintain its growth and provide an enhanced experience for customers seeking reliable and cutting-edge electronic components.
For more information about Wiselink and its range of electronic component solutions, please visit https://wiselink.com.sg/. Hashtag: #Wiselink
The issuer is solely responsible for the content of this announcement.
SINGAPORE – Media OutReach – 22 June 2023 – IPPWORLD, a leading transcreation agency, proudly announces the launch of its newly redesigned website. The comprehensive overhaul reflects the company’s commitment to meeting the increasing demands for language solutions from the thriving travel and hospitality sectors.
In the wake of the global post-COVID travel boom and the growing numbers of Asian communities venturing abroad, IPPWORLD’s native language transcreation solutions serve as a vital bridge, enabling global brands to seamlessly connect and engage with outbound travellers worldwide.
The revamped website showcases IPPWORLD’s expertise in creative translation and content localisation across diverse sectors including hotels, hospitality, travel, tourism, retail and lifestyle.
Among the new additions is the “Success Stories” section, which features compelling case studies highlighting the successful collaborations between IPPWORLD and select clients. By delving into these case studies, visitors gain valuable insights into how IPPWORLD’s transcreation, translation, and localisation services are helping clients achieve their global marketing objectives.
The existing “IPPWORLD Insights” blog section has also been expanded to provide a wealth of regularly updated industry news and trends, including developments in multilingual content marketing. It is an invaluable resource of the latest knowledge for global marketing teams to stay ahead in an ever-evolving landscape.
The travel industry is experiencing a remarkable recovery, particularly following the global-wide lifting of border restrictions. Tourism Boards are reporting substantial surge in tourist arrival numbers as well as high hotel room bookings. According to the United Nations World Tourism Organization (UNWTO), international arrivals in the first quarter of 2023 reached an impressive 80% of pre-pandemic levels.
With such powerful resurgence for the travel industry, as evidenced by the significant rises in tourist numbers and high demands for hotel room bookings, brands are now keenly seeking ways to connect and engage with international travellers. Here, the importance of providing content in the desired languages of these audiences cannot be overstated.
“In addition to frequently requested languages such as Arabic, Chinese, French, Indonesian, Japanese, Spanish and Thai, we have observed growing requests from our clients for additional languages like Khmer, Korean, Tamil and Vietnamese. These are to be offered as optional languages for their websites, as well as for localised marketing content and advertising campaigns”, said Joanne Chan, Global Business Director at IPPWORLD.
To meet the demand from these emerging markets, including Cambodia, Thailand and Vietnam, IPPWORLD is looking to establish an on-site presence.
According to CSA Research, neglecting to provide local language offerings may result in losing up to 60% of the potential market. Furthermore, research indicates that over 65% of potential buyers prefer visiting websites that cater to their language. By incorporating more languages into their global marketing campaigns, brands can reach out to these previously untapped markets and expand their customer base.
With a proven track record of delivering top-notch transcreation and multilingual editorial services, IPPWORLD has built long-standing relationships with leading brands in the hospitality, travel, tourism, retail, as well as lifestyle sectors. Their expertise extends across various marketing touchpoints, covering websites, booking engines, social media posts, CRM assets, food menus, and more.
The revamped website reaffirms IPPWORLD’s commitment to delivering exceptional value, while the company continues to assist current and new clients extend their global reach by connecting and engaging their target audiences in their preferred languages.
The issuer is solely responsible for the content of this announcement.
About IPPWORLD
IPPWORLD is an established Singapore-headquartered transcreation (creative translation) and marketing localisation agency, specialised in helping global hospitality, travel, lifestyle and retail brands connect and engage with international audiences in their preferred languages. With over 20 years of experience, IPPWORLD provides one-stop transcreation and localisation solutions to enhance brand communication, boost conversion, and drive revenue growth.
MILAN, ITALY – Media OutReach – 21 June 2023 – The Shanghai Tang Spring/Summer 2024 men’s collection draws inspiration from Chinese poet Li Bai’s poem The Daunting Route into the Region of Shu. Following the launch of its 2023 Fall/Winter menswear collection during Milan Fashion Week this January, this summer SHANGHAI TANG once again graces Milan Fashion Week with a unique museum show entitled “Source of Strength”, presenting the 2024 Spring/Summer menswear collection. Drawing from Chinese philosophical tradition, Shanghai Tang takes inspiration from the symbiotic relationship between humans and nature, a primal confrontation that generates vitality and invites introspection. The collection reestablishes a way of communication between tradition and innovation through a style imbued with Chinese elegance.
Held at Museo delle Culture, Milano (MUDEC Museum), a cultural and artistic center, where history, culture, and art of different periods intertwine and collide. MUDEC creates a unique and fascinating space for the presentation. Accompanied by live music, the audience can experience the aesthetic pleasures brought by the harmonious interweaving of art and fashion. Michelin canapes at the Museum’s restaurant Bartolini, accompanied by the use of SHANGHAI TANG’s latest home collection “Crane Garden”, add a touch of Chinese aesthetics to the dining environment that’s both modern and traditional.
2024 Spring Summer Collection Source of Strength
Actor Wang Yang Attended Shanghai Tang SS24 Presentation in Milan Fashion Week Image Credits to Herdes China
Adhering to the brand concept of “Make Life a Party”, the SHANGHAI TANG 2024 Spring/Summer Menswear Launch Event “Source of Strength” enriches the vocabulary of modern fashion by constructing a dialogue between nature and art and creates a festive banquet for the meeting of Eastern and Western cultures surrounded by art, showcasing a unique Oriental style to the international community. The collection takes a journey through historical scrolls, delving deeply into the exploration and innovative experimentation of wisdom with tribute to nature and Chinese culture.
SHANGHAI TANG captures the essence of nature in its design fabrication with an emotional resonance with Li Bai’s poem. As a pioneer of passing on traditional Chinese handicrafts, SHANGHAI TANG has modernized and reinterpreted the long history of the tea silk. The fabric manipulation technique is part of Chinese national cultural heritage which embodies ingenuity and artistry. “Primitive” is a concept that permeates the collection, from the choice of traditional silks treated with natural dyes to natural fabrics such as linen, cotton, and silk, which have undergone stone washes, giving them a raw texture. Tea silks are mixed with a touch of the brand’s iconic fluorescent color. In addition, techniques such as Tucker pleats and sand wash are used to create natural textures.
30th anniversary of the establishment of SHANGHAI TANG
2024 is the Chinese Year of the Dragon, and it happens to be the 30th anniversary of the establishment of SHANGHAI TANG. A brand-new collection for the Year of the Dragon is presented to welcome the significant year. After nearly 30 years of history, SHANGHAI TANG continues to spare no effort in exploring the essence of Oriental aesthetics and the modern expression of the Chinese traditional culture, showcasing Chinese cultural confidence and modern Oriental aesthetics on the international stage.
The issuer is solely responsible for the content of this announcement.
About SHANGHAI TANG
SHANGHAI TANG was established by Sir David Tang KBE, in Hong Kong in 1994. The brand name adopts the transliteration of ‘Shanghai Bund’ in Chinese and humorously combines the English pronunciation of the founder’s surname ‘Tang’. Inspired by the romance and opulence of 1930’s Shanghai Bund, Sir David Tang opened a Chinese-style tailor shop in Hong Kong dedicated to preserving the traditional craftsmanship of Chinese tailoring.
SHANGHAI TANG is renowned for combining unique design concepts with traditional Chinese elements. Innovative fabrication and bold colours are applied with traditional Chinese craftsmanship to create a new contemporary oriental aesthetic. Over the years, many international celebrities have favoured the brand including the late Princess Diana, Gong Li, Nicole Kidman, Kate Moss, Sammi Cheng, to name a few. The brand pays attention to the importance of art to Chinese culture, and continuously collaborates with famous Chinese contemporary artists, such as Liu Ye, Xu Bing, etc., making art one of the core values of SHANGHAI TANG.
Today, SHANGHAI TANG is still leading the exquisite oriental lifestyle, adhering to the core concept of ‘Make Life a Party’. Through traditional Chinese designs, delicate craftsmanship, high-quality products and excellent services, SHANGHAI TANG becomes a recognizable Chinese brand, and extends the allure of contemporary oriental aesthetics to various products and art collaborations. The brand’s product line includes bespoke tailoring services, ready-to-wear, accessories, jewellery, homeware and artworks.
SINGAPORE – Media OutReach – 21 June 2023 – Global X ETFs, a leading global provider of exchange-traded funds (ETFs), today announced its 2023 half-year market outlook.
Jon Maier, Chief Investment Officer, Global X ETFs said:
Macro snapshot
Inflation is cooling, but not declining fast enough. Core PCE inflation remains above the Fed’s forecasted downward trend. The labor market is tight, with two jobs available for every unemployed person, allowing workers to demand higher wages. Services PMIs are improving, but manufacturing remains in contraction. The Fed skipped a hike in June to assess the effects of aggressive policy tightening, but two more rate hikes are expected starting in July.
Updated guidance and hawkish stance from US Federal Reserve on interest rates trajectory in the coming quarters will continue to dominate sentiment in equity and fixed income markets.
Market is expecting an economic slowdown as indicated by the inverted yield curve. The fluctuating job data and business sentiment, along with a manufacturing PMI that still exhibits signs of weakness, add to the prevailing uncertainty.
Given this uncertain landscape, investors should exercise caution and be highly selective when it comes to sector exposure.
Likely nature of this recession – uneven slowdown
Each economic cycle possesses both unique and familiar elements. What sets this recession apart from the 2008 global financial crisis is the uneven slowdown observed across different sectors.
The presence of a resilient consumer base with ample savings, along with the post-global financial crisis recovery cycle, has propelled us into a trajectory of asymmetrical/disparate growth as opposed to broad based participation. Meanwhile, disruptions in the global supply chain caused by the ongoing pandemic over the past two years have accelerated inflationary pressures. This, coupled with Geopolitical uncertainties, have further contributed to inflation, necessitating aggressive rate hikes.
Economic growth can remain positive yet moderate during late cycles. In this context, investors may consider defensive stocks, particularly large-cap quality stocks, as they can provide downside protection.
The valuation of the S&P 500 is currently in line with its 10-year average, with a price-to-earnings ratio of around 22x. This represents a 25% drawdown from the peak seen in 2021[1]. It is likely that the markets have already factored in the worst of the negative earnings scenario.
Michelle Cluver, Senior Portfolio Strategist, Global X ETFs said:
Portfolio Positioning: Quality at the Core, Diversified with Themes
The current market uncertainty emphasizes the need for downside protection, which can be achieved by focusing on large-cap quality stocks. Additionally, incorporating thematic exposure in the portfolio can offer long-term diversification benefits and provide flexibility during shifts in the market cycle. Key themes are as below:
Artificial Intelligence is real and unstoppable
Despite the recent market rally surrounding AI-related equities, it is important to recognize that AI is a long-term theme with significant staying power. Researchers have been diligently working on AI, including generative AI, for several years. For instance, OpenAI has already established itself as a key player in the field over the past seven years.
While the larger names in the US have dominated the market rally in the past month, there are also opportunities to be found in the broader AI ecosystem. This ecosystem encompasses companies engaged in semiconductors, cloud computing, and cybersecurity, among others, which stand to benefit from the cascading effects of AI advancements.
Considering the continuous innovation in the AI space, we anticipate a significant growth trajectory. We expect the global AI market to grow at a CAGR of 35.6% to nearly $300 billion in sales by 2026, 10 times its size in 2020[2].
Onshoring robotics and automation
Automation plays a key role in driving efficiency, growth and transforming production processes. It enables companies to achieve higher productivity levels through increased efficiency, cost reduction, and improved product quality.
While labor (onshore and offshore) continues to be more expensive over time, robotics costs have declined. This dynamic alongside improving technology is driving the case for adopting automation.
Mobility – Electric Vehicles
The adoption of EVs is the primary pathway for reducing greenhouse gas emissions throughout the transport sector. EVs are forecast to account for 36% of global vehicle sales in 2030 and 55% in 2035. As the world moves closer to a net-zero economy by mid-century, EVs could make up more than 75% of sales[3].
The deliveries of electric vehicles have been increasing, with a greater emphasis on pure EVs as opposed to hybrids. The mix of vehicles has shifted from 62% pure EVs in 2016 to 71% in 2021[4].
The Autonomous Vehicle (AV) market will grow in lockstep with technological advancements. It is forecasted that by 2030, the global market size for AVs could reach approximately 1.8 trillion dollars[5].
As these technologies gain wider adoption, numerous key segments beyond the vehicle manufacturers are poised to benefit. These encompass electric vehicle components, such as electric drivetrains, batteries, fuel cells, chemicals, and raw materials, along with companies contributing to AV technology, including sensors, mapping technology, AI, and advanced driver assistance systems. Furthermore, ride-share platforms and network-connected services for transportation will also experience positive effects stemming from the growth of the AV market.
Operational Efficiency Rises on Omni-channel and Digital Transformation Proposed a Annual Dividend of RMB1.66 per Share with Full-year Payout Ratio of 85%
Results Highlights
Revenue amounted to RMB1,679 million, decreased by 12.4% YoY;
Profit attributable to owners of the Group posted strong growth YoY to RMB115 million;
Basic and diluted profit per share raised substantially YoY to RMB1.96 cents;
The Board of Directors recommended the distribution of annual dividend of RMB1.66 cents for the 12 months ended 31 March 2023;
Cash and bank balances amounted to RMB2,558 million; net assets value attributable to owners of the Company was RMB9,665 million; current ratio was 8.4 times, reflecting ample liquidity of the Group.
HONG KONG SAR – Media OutReach – 21 June 2023 – The leading international sportswear brand enterprise in the PRC, China Dongxiang (Group) Co., Ltd. (“China Dongxiang” or “the Company”, together with its subsidiaries, “the Group”, HKEX stock code: 3818), announces its annual results for the 12 months ended 31 March 2023 (the “Reporting Period” or “FY2022/23”).
Financial Results During FY2022/23, the pandemic dealt an unprecedented blow to the overall retail market. With the optimisation measures easing the pandemic control policies introduced by the Chinese government in late 2022, offline customer traffic and the consumer market experienced a speedy recovery. The retail-end performance of sports and recreational apparel industry resumed growth. The Group continued to seize market opportunities through enhancing omni-channel deployment, optimising its business regime on an ongoing basis and accelerating its digitalisation process to improve efficiency and business performance.
During the Reporting Period, the Group registered a revenue of RMB1,679 million, representing a decrease of 12.4% YoY. Profit attributable to owners of the Group was RMB115 million (FY2021/22: loss attributable to owners of the Group was RMB$1,783 million). Basic and diluted earnings per share were RMB1.96 cents (FY2021/22: loss of RMB$30.41 cents), grew substantially YoY. The Board of Directors recommended the distribution of annual dividend of RMB1.66 cents and for the 12 months ended 31 March 2023.
Regarding fund management, the cash and bank balances of the Group amounted to RMB2,558 million as at 31 March 2023. The net asset value attributable to owners of the Company increased by 3.6% YoY to RMB9,665 million. The current ratio was 8.4 times, reflecting ample liquidity of the Group.
Operational Highlights Deep integration of digitalisation and fashionable sportswear strengthened supply chain management The pandemic has accelerated the change in the sales pattern of sports and recreational apparel. During the Reporting Period, the Group continued to develop digitalisation and omni-channel as part of its major strategic goals, strengthening the effective cross-regional and cross-boundary connection of online and offline operations, which significantly improved its operational efficiency. The Group also strengthened its supply chain management capabilities and optimised the aging profile of inventories through dynamic monitoring on planning, production scheduling and sales.
During the Reporting Period, the Group focused on product upgrade and optimisation of single-store efficiency to accelerate the efficient turnover of merchandise through omni-channel. As at 31 March 2023, the Group had a total of 1,025 Kappa stores (excluding Kappa Kid’s stores), a net decrease of 158 stores as compared to the same period last year.
Solid adherence to a pragmatic investment approach The global economy and stock markets experienced significant volatilities during the Reporting Period. The Group has effectively controlled its risks with a cautious approach to investment. As at 31 March 2023, the Group reported a net asset value of RMB8,741 million for its investment segment, representing a growth of 3% YoY, with investment income amounted to RMB131 million.
Mr. Chen Yihong, Chairman and Executive Director of China Dongxiang, said, “Looking ahead, given the resilience of the Chinese economy and the assurance afforded by macro-economic policies of the Chinese government, the overall economic conditions will steadily steer towards recovery. The government has introduced a number of policies for the development of national sports industry, which is favourable to the rapid development of the industry. The Group remains positive and optimistic toward China’s economy and industry prospects. Going forward, the Group will continue to optimise its investment asset portfolio, strengthen cooperation with its investment project managers, advance new project investment in a prudent manner, facilitate timely and prudent divestments of invested projects and optimise post-investment and exit management to generate long-term and stable return for shareholders.”
Ms. Chen Chen, Co-Chairman, Co-President and Executive Director of China Dongxiang, said, “With the optimisation of China’s industry structure, Chinese consumer market has huge potential for upgrading. The Group will fully capitalise on the market opportunities and bring customers a better experience through the development of innovative and functional products to enhance our brand competitiveness. We will fully optimise our omni-channel management and promote online and offline synergies to seize the window period arising from industry transformation brought by the new consumption pattern after the pandemic. The Group is committed to fulfilling its responsibilities as a privately-owned enterprise and driving green development. The Group places a strong emphasis on green management in the manufacturing and sales process, such that our sustainability philosophy is implemented in all aspects of the Group. Going forward, the Group will continue to deepen and broaden its ESG practices in order to live up to our sustainability principles, so that we can promote the long-term development of the industry for the benefit of the society.”
Hashtag: #ChinaDongxiang
The issuer is solely responsible for the content of this announcement.
About China Dongxiang (Group) Co., Ltd. (Stock code: 3818)
China Dongxiang (Group) Co., Ltd. is a leading international sportswear brand enterprise in China which has been listed on the Main Board of the Hong Kong Stock Exchange since 10 October 2007. The Group is primarily engaged in the design, development, marketing and wholesale of branded sportswear in China. Currently, China Dongxiang owns all rights to the internationally renowned Kappa brand in Mainland China and Macau. Since April 2008, the Group became the owner of the brand PHENIX. PHENIX is a well-known skiing brand in the international market.
HONG KONG SAR – Media OutReach – 21 June 2023 – FTLife Insurance Company Limited (“FTLife”) is delighted to announce that the company has swept four awards at the Bloomberg Businessweek / Chinese Edition Financial Institution Awards 2023 in recognition of its outstanding achievement in product development, talent development, and digital marketing strategies.
FTLife has swept four awards at the Bloomberg Businessweek / Chinese Edition Financial Institution Awards 2023 in recognition of its outstanding achievement in product development, talent development, and digital marketing strategies.
The four accolades received by FTLife include:
Saving Plan – Outstanding Performance
Health & Protection – Outstanding Performance
Training Academy of the Year – Outstanding Performance
Digital Marketing – Outstanding Performance
Man Kit Ip, Chief Executive Officer of FTLife, said: “FTLife is going from strength to strength as it goes on to scoop four accolades at the Bloomberg Businessweek / Chinese Edition Financial Institution Awards 2023 after winning the prestigious ‘Insurance Company of the Year’ title at the 2022 Benchmark Wealth Management Awards earlier this year. This attests to the industry-wide recognition we receive for our excellent products, professional training, and brand reputation. Moving forward, we will continue to strive to become the Life Artisans for our customers, and promote shared-value, sustainable development, and life-long protection for everyone in the community through integrating our insurance business with New World Group’s ecosystem.”
Saving Plan – Outstanding Performance Customers are increasingly seeking flexibility and diversification in insurance products to match their evolving lifestyle. Mindful of our customers’ changing needs throughout various life stages, FTLife endeavours to fulfil the market gap by creating innovative services and products. Our award-winning Everglow 128 Insurance Plan, for example, provides a comprehensive wealth enhancement. Starting as early as the first policy anniversary, the policy will distribute a guaranteed cash coupon of up to 3% of the insured units (or total premiums)1 in every policy anniversary – all the way up to 128 years, generating a stable stream of funds for our customers to achieve their life goals. The Plan also allows unlimited changes of the insured and provides non-guaranteed annual dividend, thus providing customers with both wealth growth opportunities and effective wealth succession. The impressive range of financial needs the Plan covers has won itself the much-deserved honour of “Saving Plan – Outstanding Performance” award.
Health & Protection – Outstanding Performance FTLife’s commitment to providing all-rounded health and medical protection has inspired the creation of our “FlexiCare” Medical Insurance Plan, which has won the “Health & Protection – Outstanding Performance” award. Providing enhanced medical protection on the top of Voluntary Health Insurance Scheme (VHIS), the benefit limit is subject to amount per disability per policy year, and the Plan fully covers the eligible expenses of multiple benefit items2. It also provides double aggregate limit3 offered for common major illnesses such as major cancer, stroke and heart attack, providing comprehensive support to customers and their loved ones for them to enjoy a healthy life. These benefits are also globally applicable4, providing our customers with peace of mind as they are given access to comprehensive medical insurance without geographical restrictions.
Training Academy of the Year – Outstanding Performance FTLife Financial Talent Development Center is committed to cultivating the next generation of high-preforming agency force. It has introduced “AI Drill”, an artificial intelligence and big data-driven training tool, to provide our Life Artisans with comprehensive, personalised coaching. Greatly enhancing the effectiveness of our training, AI Drill helps our Life Artisans accelerate their career progression as they aspire to become excellent financial planning professionals. On top of AI Drill, FTLife also launched a virtual reality zone at The GalaMuse, where our Life Artisans understand a person’s potential needs for protection and wealth management in different life stages effectively, enabling them to provide the best life planning to our customers. The innovative learning experiences also provide insight into Life Artisans’ personal development, as well as their career development in the insurance industry. The seamless integration of new technologies with its well-designed training programme has won FTLife the prestigious award of “Training Academy of the Year – Outstanding Performance”.
Digital Marketing – Outstanding Performance In Q4 2022, FTLife has launched a series of “FTLife Power Up” promotions, leveraging the diverse ecosystem of New World Group to power our customers up with enhanced protection, rewards, privileges, and experiences. Using the O2O (Online-to-Offline) Marketing, we have crafted a social media content series to attract traffic, strengthen our relationship with new customers, and increase customer stickiness. The promotion campaign has reaped excellent results, winning itself the “Digital Marketing – Outstanding Performance” award.
Coming up to its nineth year, the Financial Institution Awards are hosted annually by iconic finance magazine Bloomberg Businessweek/Chinese Edition. The judge panel, comprised of representatives from the industry, government and academia, assessed submissions from the banking, insurance and securities sectors and ranked them according to four criteria, namely market performance, growth, development, and business strategy. The prestigious event promotes best practices in the industry, and affirms Hong Kong’s status as an international financial centre.
Remark:
Units (or total premiums) = Annual Premium (referring to annual premium payment, any other premium discounts [if any] are excluded) x premium payment period
Fully covered refers to no itemised benefit sublimit. The actual amount of eligible expenses and other expenses payable is subject to the aggregate limit per disability per policy year.
Common major illnesses include: major cancer, severe heart attack, stroke, respiratory diseases and any disease declared as a Public Health Emergency of International Concern
Except for psychiatric treatments and cash benefit for room and board confinement below entitled ward class in a private hospital in Hong Kong (if applicable), all benefits shall be applicable worldwide
Disclosure of Important Information:
This press release does not contain the full provisions of Everglow 128 Insurance Plan and “FlexiCare” Medical Insurance Plan, and the full terms can be found in the Policy documents. Everglow 128 Insurance Plan and “FlexiCare” Medical Insurance Plan may be purchased as standalone plan(s) without bundling with other type(s) of insurance product. You are required to read the relevant product brochure, the Policy Provisions and the illustrations presented by your licensed insurance intermediary in order to fully understand the details of the definitions, charges, product features, exclusions, and conditions of payment of claims, etc. plus complete terms and conditions.
For further enquiries, please contact FTLife’s Customer Service Hotline on +852 2866 8898.
This press release is for distribution in Hong Kong only. It is not an offer to sell or solicitation to buy or provision of any insurance product outside Hong Kong. FTLife does not offer or sell any insurance product in any jurisdiction outside Hong Kong, in which such offering or sales of the insurance product is illegal under the laws of such jurisdictions.
Hashtag: #FTLife
The issuer is solely responsible for the content of this announcement.
About FTLife Insurance Company Limited
FTLife Insurance Company Limited (Incorporated in Bermuda with limited liability; “FTLife”) is one of the most well-established life insurance companies in Hong Kong and a wholly-owned subsidiary of NWS Holdings Limited (Hong Kong Stock Code: 0659). Building on a history of more than 30 years in the territory, FTLife provides individual and institutional clients with a diverse range of insurance and wealth management products and services, including life, health, accident, savings and investment insurance. As a member of New World Group, FTLife works with diversified businesses within the Group to create synergies and provides customers with best-in-class life-planning solutions, from wealth management and succession to health, wellbeing and quality of life enhancement.
At 7CAFÉ+, collaboration knows no limits. 7CAFÉ+ is thrilled to announce the grand opening of the brand-new 7CAFÉ+VERSUS Pop-up Store in Central Market. It’s time to embrace the summer vibes and “Get Creative. Get Active. Get Greener Coffee” at this one-of-a-kind, limited-time concept store that combines fun, flavour and style in the heart of Hong Kong.
HONG KONG SAR – Media OutReach – 21 June 2023– Ever since its debut last year, 7CAFÉ+, an own brand concept from 7-Eleven, has been surprising everyone with its fresh new look and the amazing array of innovative and great value products. Such tempting treats include Frappe Cool, Freshly Brewed Coffee, and on-the-go snacks like Croffles and Eggettes. Customers are loving it! 7CAFÉ+ is now taking it to the next level and thinking outside the box to bring customers something extra special. This summer, they’re teaming up with popular South African sports sock brand, VERSUS, to open an exclusive pop-up store in Central Market – a dynamic destination for entertainment and leisure. Alongside an unmissable selection of all-new speciality drinks, this exciting new store concept is also bringing you some stylish sports socks to help you lead a happier, healthier and more fashion-forward lifestyle!
To bring its message “Get Creative. Get Active. Get Greener Coffee” to life, 7CAFÉ+ has partnered with trendy South African sports sock brand VERSUS to create three exclusive designs of 7-Eleven x VERSUS Limited Edition Sport Socks. Each of the three designs features a different brand combining elements from 7-Eleven, 7CAFÉ or 7-SELECT respectively to add a touch of fun to your workout and ensure you perform in comfort and style!
But that’s not all! The 7CAFÉ+VERSUS Pop-up Store is taking creativity to new heights with a brand-new, store-exclusive range of healthier and innovative offerings such as Specialty Coffee, Coconut Water Specialty Drinks and Freshly Made Smoothies. Must-try recommendations include the Coconut Americano, Peach & Passionfruit Coconut Water and Avocado Soy Smoothie. Prepare yourself for a summer full of surprises and refreshing new flavours!
The 7CAFÉ+VERSUS Pop-up Store in Central Market officially opens on 21 June. So, make a date and head down with your friends this summer. Grab a cup of 7CAFÉ+ and slip on some 7-Eleven x VERSUS limited-edition sports socks! It’s the perfect combo to boost your wellbeing and step up your game with an extra dose of style.
7CAFÉ+VERSUS Pop-Up Store at Central Market: New Store Exclusive Product Details [Pop-up Store Exclusive] Specialty Coffee Drinks ($28 each) – We’ve taken three healthy and refreshing beverages – coconut water, soy milk and black coffee – and crafted an all-new and captivating blend of flavours with this trio of mesmerising two-tone layered creations. They’re a treat for your eyes and your taste buds. The Coconut Americano combines the sweetness of coconut water with the bold aromatic richness of Americano from 7CAFÉ. It’s a refreshing harmony of flavours that will keep you energised this summer. Next up, the Pineapple Coconut Americano features a tangy twist of pineapple, giving it an extra burst of fruity goodness. And finally, the Purple Potato Soy Latte combines the creamy taste of purple sweet potato with soy milk and coffee – a velvety smooth symphony of flavours that’ll leave you craving for more with every sip.
These innovative speciality coffee drinks not only taste amazing, they look great too. Their eye-catching two-tone layered effect makes them perfect for capturing that Instagram-worthy shot. So, get ready to sip and snap some mouth-watering photos!
[Pop-up Store Exclusive] Coconut Water Specialty Drinks ($28 each) – Beat the heat with this refreshing trio, which will tickle your taste buds and keep you cool. They’re made with nutrient-rich Thai coconut water and infused with a variety of flavourful fruit purees. Customers have three tempting flavour options to choose from: Passionfruit & Peach, Pineapple, and Cucumber & Lime. With their sweet and slightly tangy taste, these drinks will not only quench your thirst, but they’ll also replenish electrolytes and provide much-needed hydration. They’re an absolute must-have for staying cool and revitalised in the scorching summer heat, especially after a workout. Even if you’re not into coffee, 7CAFÉ+ has got you covered and is here to give you a whole new taste sensation to awaken the senses
[Pop-up Store Exclusive] Freshly Made Smoothies ($35 each) – 7CAFÉ+ brings you three all-new healthy smoothies made with fresh fruit that bring a refreshing burst of sweetness with every sip! The Avocado Soy Smoothie and Blueberry Soy Smoothie combine the creamy richness of avocado or blueberry pulp with silky smooth soy milk, delivering a velvety texture that’s simply irresistible. And for a truly refreshing experience, the Red Dragon Fruit & Lychee Soy Smoothie blends the crisp sweetness of dragon fruit with fragrant lychee, creating a delightful burst of fresh flavours that will keep you cool all summer long.
[Pop-up Store Exclusive] Freshly Brewed Single Origin Coffee (Hot $23/Iced $25) – At 7CAFÉ+, we’re continuing to up our coffee game! We exclusively use 100% Rainforest Alliance Certified Arabica coffee beans to bring you convenient, good-quality, freshly brewed coffee. But now, our new store has something even more extraordinary to offer. We’ve carefully selected the highest grade G1 Mandheling coffee beans, sourced from a single origin in Sumatra, Indonesia. These beans not only have the prestigious Rainforest Alliance certification but also undergo a meticulous process of wet washing and medium roasting. This special process ensures that the beans retain their natural flavours while imparting a unique aroma of sweet caramel. With these coffee beans, we have created a variety of super single origin coffee drinks using our special golden ratio formula. Each cup showcases the captivating charm of single origin beans, delivering a coffee experience like no other.
7-Eleven x VERSUS Limited Edition Sport Socks ($117/pair) – Each of the three sports sock designs showcases a different brand – 7-Eleven, 7CAFÉ or 7-SELECT – and includes unique elements and motifs to bring the brands’ distinctive personalities to life. The 7-Eleven design features our vibrant and iconic brand colours of red, green, and orange in a variety of bold and dynamic patterns, creating a lively look that will definitely get you noticed! The 7CAFÉ design features soft green tones with various plant patterns, showing our commitment to protecting the environment according to our “Good Coffee. Now Greener” pledge. The 7-SELECT stylish blue, grey and black striped design is decorated with motifs of popular 7-SELECT products, symbolising how 7-SELECT is always there for you with tasty treats 24/7.
This trio of exclusive sport socks proudly made in South Africa, have moisture-wicking abilities to keep your feet dry and comfortable during running and exercise. They also provide complete arch support, seamless toe design, and cushioning. These functional features promote good blood circulation, prevent friction and blisters, and protect your feet from intense impact. So, you’re free to take on any sports challenge with confidence and the peace of mind that your feet are well protected.
Starting today, at the 7CAFÉ+VERSUS Pop-up Store in Central Market, you’re in for a treat! Spend $20 or more on any of our delicious made-to-order drinks or freshly prepared food items, and you’ll unlock this exclusive offer – for just $97, you can score yourself a pair of 7-Eleven x VERSUS Limited Edition Sport Socks (any style). These socks are not only stylish but also engineered for peak performance, empowering you to embrace a vibrant and active lifestyle with flair.
Double the Fun Limited-Time Promotions at the new 7CAFÉ+VERSUS Pop-up Store* Enjoy double the rewards and double the fun at the 7CAFÉ+VERSUS Pop-up Store in Central Market!
Promotion 1: From now until 4 July, customers can enjoy a freshly made fruit smoothie for the special price of just $30! It’s the perfect way to stay cool and refreshed during the hot Hong Kong weather.
Promotion 2: From 5 to 18 July, when you buy any 7CAFÉ+ drink at our Central Market pop-up store, you’ll get a $3 discount! Don’t miss out on this limited-time offer and visit 7CAFÉ+VERSUS to enjoy an innovative experience full of flavour and fun!
*Promotions are only valid at the 7CAFÉ+VERSUS Pop-up Store in Central Market and cannot be combined with other offers. Limited quantity available, while stocks last. Prices may change without prior notice. In case of any dispute, the prices at the individual store will be final. Product images are for reference only. 7-Eleven reserves the right to make the final decision on all matters related to these promotions.
7CAFÉ+VERSUS Central Market Pop-Up Store Information Address: Shop G15A, Ground Floor, Central Market (80 Des Voeux Road Central and 93 Queen’s Road Central, Central, Hong Kong)
The issuer is solely responsible for the content of this announcement.
About 7CAFÉ+
7CAFÉ+, the brand-new concept from 7CAFÉ, is here to add extra excitement to your day! Its fresh new look and innovative yet great value menu will delight and surprise your taste buds. Signature items include its Freshly Brewed Coffee, Frappe Cool series, Bubble Tea, Iced Shaken Tea and more, plus grab-and-go treats such as Croffles, Eggettes, Red Bean Taiyaki and other exciting items all at amazingly affordable prices. Also available are an awesome array of baked goods that will have you wanting for more. Head down to your nearest 7CAFÉ+ to experience new flavours and extra excitement!
About VERSUS
VERSUS Socks was founded in 2015 in South Africa by two passionate young entrepreneurs, Hanno Lategan and Jurgens Uys. Their mission is to provide comfortable and stylish sports socks for everyone. Through relentless testing and continuous innovation, VERSUS has perfected its products and introduced multiple new versions. To date, they have sold over 1 million pairs and offer an impressive range of over 1,000 different designs. VERSUS has expanded its brand presence from South Africa to a global scale. Whether you’re a cyclist, a runner, or a sports enthusiast, VERSUS Socks is here to equip you for every challenge you take on.
HONG KONG SAR – Media OutReach – 21 June 2023 – HONMA Golf Limited (“HONMA”; together with its subsidiaries, the “Group”; HKEx stock code: 6858), one of the most prestigious golf brands worldwide, announced today its consolidated results for the year ended 31 March 2023 (the “Period”).
Financial Highlights
During the Period and despite multiple unexpected challenges, HONMA’s financial performance remained resilient. Fueled by the “single brand, multi-categories, Asia-focused” growth strategy, HONMA achieved solid growth in key markets outside China while maintaining a strong and healthy cash flow.
Revenue increased by 1.8% year-on-year to JPY29,495.0 million (equivalent to USD218.8 million), in spite of extended interruptions to the Group’s retail operations in China as a result of various home shelter and other COVID related measures during the Period.
Markets outside China recorded continued and steady year-on-year sales growth. Sales from Japan and South Korea rose by 15.6% and 3.8% respectively.
Gross profit margin and EBITDA margin remained solid and finished at 50.8% and 20.3% respectively.
Net operating cash flow stood at JPY3,675.9 million (equivalent to USD27.3 million) for the year ended 31 March 2023. Net cash position stood at JPY6,794.8 million (equivalent to USD51.1 million), representing a 0.6% year-on-year increase.
The Board proposed a final dividend of JPY1.5 per share, together with the interim dividend of JPY1.5 per share, total dividends for the financial year will amount to JPY3.0 per share. Total dividend payout will amount to JPY1,817.0 million, representing 55.8% of the Group’s distributable profits for the period.
Major markets in Asia demonstrated resilient sales momentum; reprioritizing HONMA’s growth strategies in North America and Europe while improving both markets’ financial standing
Despite continued economic and political uncertainties, sharp and continuing devaluation of the Japanese yen, extended disruption to the retail business in China, and the weak consumption sentiments materially affecting the business performance, most of the markets demonstrated resilient and upward sales momentum during the Period.
Geographically, revenue from Japan grew by 15.6%, on the back of a complete sales recovery in all channels and product categories. Korea continued its upward trajectory and delivered a year-on-year revenue growth of 3.8% thanks to the continued uptake in golf participation and successful launch of new products since early 2022. Revenue from China and North America recorded a year-on-year growth of 2.0% and 3.2%, respectively. Japan, Korea and China contributed 83.8% of the Group’s total revenue.
During the Period, the Group reprioritised its distribution strategy in North America and Europe by focusing on a smaller but premier group of accounts that are most capable to represent HONMA’s tradition and pursuit of the super-premium and premium-performance consumer segments. As a result, the Group’s number of POS in Europe dropped by 580 to a total of 35, and the sales from Europe provisionally decreased by 68.2% during the Period.
Focusing on club products that best represent Japanese craftsmanship and world standard innovative technology in pursuit of players in the super-premium and premium-performance segments.
HONMA continues to derive most of its revenue from the sales and distribution of golf clubs. For the year ended 31 March 2023, sales from golf clubs generated 72.9% of the Group’s total revenue and amounted to JPY21,512.9 million. HONMA remains committed to applying cutting-edge technologies and artisan-style Japanese craftsmanship to the design, development and manufacturing of a comprehensive range of exquisitely crafted and performance-driven golf clubs. Following the launch of Beres Aizu and TW757, the Group continued penetrating into the super-premium and premium performance consumer segments and saw golf club sales grew by 3.2% during the year ended 31 March 2023. As part of its efforts towards the premium performance segments, the Group launched a number of club series targeting consumers in its main markets and consequently revenue from country specific models grew by 18.3% as compared to the year ended 31 March 2022.
Accelerating growth in the golf ball business in Japan and further nurturing the apparel business to create a golf lifestyle company for golfers in the super-premium and premium-performance segments.
Sales from apparel and golf balls accounted for 10.2% and 10.0% of the Group’s total revenue. Total golf ball sales came down slightly by 1.1% to JPY2,942.3 million during the year ended 31 March 2023, reflecting continued raw material shortage challenges. Nevertheless, sales of golf balls from Japan recorded a solid year-on-year growth of 15.8%, representing a rocketed CAGR of 36.9% since FY2017. Such results was achieved through the Group’s further prioritising of its product development resources and launch of golf balls with its own patent in order to meet the HONMA brand positioning and play preferences of its consumers.
In January 2019, HONMA re-launched its apparel business. The apparel collection comprises of a professional and a fashion athletic line, catering to the distinctive requirements of golfers in China, both on-course and off-course. For the year ended 31 March 2023, sales from apparels increased by 1.5% to JPY3,009.1 million. During the period, the retail activities of the apparel business was severely interrupted in China by extended home shelter happened in multiple cities in the 1H FY2023, following by a nation-wide COVID outbreak in 2H FY2023. Nevertheless, expanding product lines, optimized store operation and active online marketing campaigns drove up sales in the remaining months and led to a flattish year-on-year sales growth.
Re-defining the HONMA brand and 360-degree brand experience built into new retail space and E-commerce platforms.
The Group initiated various programs to improve its global brand positioning and communication with target consumers. To re-define the HONMA brand as a dynamic, relevant and global brand among internet-savvy younger golfers, the Group completely revamped its global website and social media platforms, and updated its E-commerce capabilities in major markets including China, Japan and North America. With exuburent online marketing and upgraded CRM system, sales from E-commerce recorded a year-on-year growth of 24.9%.
HONMA retained leading design and marketing agencies to renovate its retail space in order to provide an ultimate brand experience and customizable consumer journey in major markets. For the year ended 31 March 2023, the Group opened 18 new self-operated stores in China, one in Japan and four in other areas of Asia, consistently applying the new retail visual identity, design concept and consumer experience elements using advanced technology. The Group also upgraded multiple shop-in-shops in the U.S., Japan and China using the same design concept to ultimately present the same consumer space and experience in all of its major markets. By the end of 31 March 2023, the Group operates 90 self-owned stores across Asia, and had 3,717 POS through third-party retailers and wholesalers globally.
Outlook
The competition in the golf market has been increasingly heterogeneous with new products and scenarios emerging rapidly. In order to gain a solid foothold in such a fiercely competitive market, the Group will continue to implement its growth strategy of “single brand, multi-categories and Asia-focused” and focus on the development of its home markets in Asia and exquisite trending products, while at the same time continuing to seek new opportunities by exploring and developing new categories and products to meet consumers’ evolving needs.
HONMA will continue to improve its brand communication, retail experience and digital capability to become the premier golf lifestyle brand and the choice of affluent and avid golfers worldwide. At the same time, HONMA will continuously invest in its manufacturing and R&D capabilities, while upgrading its retail network and enhancing its operational efficiency to fuel the growth in sales of golf clubs and apparels with a focus on the China market.
Mr. LIU Jianguo, Chairman of the Board, President and Executive Director of HONMA Golf Limited, said: “I am very optimistic about HONMA’s business development in 2023 and beyond. Looking ahead, as a leading golf enterprise, the Group will continue to focus on consumers’ needs, undertake its social responsibilities, and apply the highest levels of traditional Japanese craftsmanship and innovative technology to its premium, high-tech and best performing golf products.”
Hashtag: #HONMAGolf
The issuer is solely responsible for the content of this announcement.
About HONMA Golf Limited
HONMA is one of the most prestigious and iconic brands in the golf industry. Founded in 1959, the Group utilises the latest innovative technologies and traditional Japanese craftsmanship to provide golfers around the world with premium, high-tech and the best performing golf clubs, balls, apparels and accessories. HONMA’s products are sold in approximately 50 countries worldwide, primarily in Asia and across North America, Europe and other regions. The Group was successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 6 October 2016 (SEHK stock code: 6858). As the only vertically integrated golf Group with in-house design, development and manufacturing capabilities, a strong retail footprint in Asia and a diverse range of golf clubs and golf-related products, HONMA is perfectly positioned to continually grow its business in Asia and beyond, benefitting from the return of golfers in mature golf markets such as the US and Japan and from increased participation in golf’s new and under-penetrated markets such as Korea and China.