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Johnson Electric reports Business and Unaudited Financial Information for the Third Quarter of Financial Year 2022/23

HONG KONG SAR – Media OutReach – 12 January 2023 – This news release is made by Johnson Electric Holdings Limited (“Johnson Electric” or the “Company” and together with its subsidiaries, the “Group”) for the business operations and selected unaudited financial information of the Group for the nine months ended 31 December 2022.

The Group’s sales for the nine months ended 31 December 2022 were US$2,674 million compared to US$2,521 million for the same period in 2021, an increase of 6%. Foreign exchange rate movements had a US$148 million unfavourable impact on the Group’s sales during the period. Without the effect of the depreciation against the US Dollar of several currencies (especially the Euro and Renminbi) and excluding the effect of acquisitions, sales growth would have been in the order of 12%.

Sales of Automotive Products Group (“APG”)

APG’s sales for the nine months ended 31 December 2022 were US$2,130 million, an increase of US$207 million or 11% compared to the same period in 2021. Excluding currency effects and the US$3 million effect of a prior-year acquisition, APG’s sales increased by US$335 million or 17% for the nine months, which compares favourably to an estimated 9% increase in global light vehicle production volumes over the same period.

APG’s strong sales performance reflects its focus on creating and delivering technology solutions that are enabling the automotive industry’s shift to battery-electric and hybrid vehicles, reducing weight, and improving passenger safety and comfort. Sales increased across most of APG’s product segments, with the most significant increases experienced in products for thermal management, closure and interior, engine and transmission oil pumps, powder metal parts, power steering and braking applications.

The division’s sales changes by region, excluding currency effects and the effect of a prior-year acquisition, were as follows:

Nine months ended
31 December 2022
Asia Increase 16%
Europe Increase 15%
Americas Increase 22%
Total Increase 17%

Sales of Industry Products Group (“IPG”)

IPG’s sales for the nine months ended 31 December 2022 were US$544 million, a decrease of US$54 million or 9% compared to the same period in 2021. Excluding currency effects and the US$3 million effect of an acquisition, IPG’s sales decreased by US$40 million or 7% for the nine months.

The division experienced strong growth in sales of products for medical, ventilation, white goods, lawn and outdoor tools, semiconductor equipment, circuit-breaker and window automation applications. However, the positive sales performance of these specific product segments was insufficient to offset a decline in demand for various “home-centric” products that had previously experienced unusually strong sales during the heights of the COVID-19 pandemic. This reduction in demand was exacerbated by high levels of inventory in manufacturing and retail channels, which has slowed down customer replenishment orders.

On a regional basis, IPG experienced a significant decrease in sales to destinations in Asia as customers, especially China-based contract manufacturers and other exporters, were impacted by reduced demand in their European and North American end markets. IPG’s sales in Europe increased marginally, by 1%. In the Americas, a strong sales performance was achieved due to growth across several market segments. The sales changes for IPG by region (defined according to “shipped-to” destination), excluding currency effects and an acquisition, were as follows:

Nine months ended
31 December 2022
Asia Decrease 29%
Europe Increase 1%
Americas Increase 14%
Total Decrease 7%

Chairman’s Comments on Sales Performance and Outlook

Concerning the Group’s sales performance and outlook for the current financial year, the Chairman and Chief Executive, Dr. Patrick Shui-Chung Wang, said, “The Group achieved a robust sales performance for the first nine months of the financial year in the context of what remain extremely challenging conditions for global industrial manufacturing businesses. Persistently high inflation, supply chain disruptions, war in Eastern Europe, and the uncertain impact of China’s sudden relaxation of pandemic control measures, are among the factors weighing on consumer sentiment in the major markets where Johnson Electric operates. In the short term, we anticipate that the broad-based slowdown in global economic activity that has been evident in recent months will dampen sales growth in the fourth quarter of the financial year. In the medium to longer term, however, we remain confident that our innovative technology solutions, product segment focus, and global fulfillment capabilities will continue to be a source of enduring competitive advantage and new business growth.”

Cautionary Statement

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

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

Hashtag: #JohnsonElectric

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

About Johnson Electric Group

The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 35,000 individuals in 22 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: .

Hang Lung Properties’ Net-Zero Targets Approved by Science Based Targets initiative (SBTi)

The first real estate company in Hong Kong and mainland China to have its targets endorsed under SBTi’s Net-Zero Standard

HONG KONG SAR – Media OutReach – 12 January 2023 – Hang Lung Properties (the “Company” or “Hang Lung”, SEHK stock code: 00101) is delighted to announce that the Company is the first real estate company in Hong Kong and mainland China to receive approval from the Science Based Target initiative (SBTi) for its near- and long-term company-wide emissions reduction targets in line with the SBTi Net-Zero Standard (Net-Zero Standard).

Launched in October 2021, the Net-Zero Standard is the world’s first framework for corporate net-zero target setting in line with climate science. It includes the guidance, criteria, and recommendations companies need to set science-based net-zero targets consistent with limiting global temperature rise to 1.5°C. Companies adopting the Net-Zero Standard are required to set both near-term and long-term science-based targets. By 2050, organizations must produce close to zero emissions and neutralize any residual emissions. Companies that commit to setting targets through the Net-Zero Standard are also joining the Business Ambition for 1.5°C campaign (a global coalition) and the United Nations-led Race To Zero campaign.

With climate resilience as one of its sustainability priorities, Hang Lung is committed to reducing its carbon footprint in line with climate science and reaching net-zero value chain greenhouse gas (GHG) emissions no later than 2050. The Company made a public announcement of its commitment to setting company-wide emissions reduction targets in line with the Net-Zero Standard in January 2022. Following a rigorous review process, in December 2022, the SBTi approved the Company’s net-zero targets (both near- and long-term targets), as detailed below:

Scope 1 & 2 GHG Emissions Scope 3 GHG Emissions
Overall Net-Zero Target Commits to reaching net-zero GHG emissions across the value chain by 2050
Near-Term Targets Commits to reducing absolute GHG emissions by 46.6% by 2030 from a 2019 base year Commits to reducing absolute GHG emissions from purchased goods and services and downstream leased assets by 25% by 2030 from a 2020 base year
Long-Term Targets Commits to reducing absolute GHG emissions by 99.6% by 2050 from a 2019 base year Commits to reducing absolute GHG emissions by 99.6% by 2050 from a 2020 base year

Mr. Adriel Chan, Hang Lung Properties Vice Chair and Chair of Sustainability Steering Committee, said: “Our world is already in the midst of a climate crisis, and we all need to act decisively to reduce emissions. At Hang Lung, we are determined to decarbonize our business. The validation of our carbon emissions reduction targets in line with SBTi’s Net Zero Standard underscores our commitment to climate action.”

Hang Lung is taking comprehensive steps in support of its ambitious targets. In 2021 the Company reduced its Scope 1 and 2 GHG emissions intensity by 28.9% compared to its 2018 baseline. For Scope 3 emissions, it is one of the first developers in Asia to set a 2025 embodied carbon intensity target, and it has launched a first-of-its-kind sustainability partnership with a key tenant, LVMH Group, to co-create climate and sustainability solutions. Lastly, renewable energy will provide almost 25% of its landlord electricity (Scope 2 emissions) in its mainland China portfolio in 2023.

Hashtag: #HangLungProperties

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

About Hang Lung Properties

Hang Lung Properties Limited (stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is recognized for leading the way in enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

For more information, please visit .

Laos, Vietnam Sign Bilateral Agreements to Boost Relations

Lao Prime Minister Sonexay Siphandone welcomed Vietnamese Prime Minister Pham Minh Chinh on Wednesday.

Prime Ministers of the two nations signed ten bilateral agreements on Wednesday to strengthen the partnership between the two countries.

Laos Among Weakest Passports in New Global Ranking

Laos has been ranked 93rd on a list of the world’s most powerful passports, up slightly from last year’s ranking. 

All-new 7CAFÉ+HOTSHOT collaboration concept launches at new 7-Eleven store in Tai Po bringing customers more flavours, more surprises and more mix & match choices

HONG KONG SAR – Media OutReach – 12 January 2023 – 7CAFÉ+ and HOTSHOT, two of 7-Eleven’s popular own brands, are joining forces for the first time ever to create 7CAFÉ+HOTSHOT, an all-new and exciting concept! This unique collaboration officially launches in 7-Eleven’s new store on Tai Yuen Estate in Tai Po! Combining new ideas from 7CAFÉ+ and HOTSHOT’s classic snacks, 7-Eleven will continue to bring extra fun and excitement to its customers this new year!

7CAFÉ+HOTSHOT brings together these two brands’ signature items such as Frappe Cool, Bubble Tea, Croffles and Sundae Parfaits from 7CAFÉ+ and authentic Hong Kong HOTSHOT snacks from such as Shao Mais, Fish Balls, and Stirred Noodles. 7CAFÉ+HOTSHOT boasts a blend of innovative items and classic favourites with a unique menu of over 70 delicious drinks and treats! Unlike at previous 7CAFÉ+ and HOTSHOT counters, customers can freely mix & match the items from the two brands together to create their very own exclusive combos such as Mango Pomelo Frappe with Curry Fish Balls and more. The possibilities are endless! The new store has also launched a new and exclusive series of red bean items inspired by the Hong Kong cha chaan teng classic Red Bean Ice to bring extra excitement. To celebrate the launch of the new 7CAFÉ+HOTSHOT concept, 7-Eleven commissioned popular local illustrator Don Mak to create a 7-metre-long mural to decorate the storefront featuring 7-Eleven brand elements, signature items as well as famous Hong Kong and Tai Po landmarks such as the DukLing Chinese junk, the Spiral Lookout Tower and the Lam Tsuen Wishing Tree to show that 7-Eleven is always there for its customers and the community in Hong Kong.

[Store Exclusive] New Red Bean Series

[Store Exclusive] Red Bean Fizzy Frappe Cool ($22/cup)

Topped with red beans directly sourced from Japan, this drink is inspired by the cha chaan teng classic red bean ice and is full of local flavour. Enjoy this sweet treat’s layers of shaved ice and rich creamy taste.

[Store Exclusive] Red Bean Fizzy Specialty Drink ($22/cup)

Our innovative take on the Hong Kong classic red bean ice drink features a delicious red bean paste directly imported from Japan. It’s sweet, rich and refreshing!

[Store Exclusive] Red Bean Sundae Parfait ($25/cup)

This Sundae Parfait combines rich, creamy milk with crunchy cornflakes and red bean paste directly imported from Japan. Savour the rich layers of different tastes and textures!

[Store Exclusive] Red Bean Toast ($19)

This toast is crispy on the outside and soft on the inside. Topped with a generous serving of butter and red bean paste, this sweet and tasty snack will be sure to tickle your taste buds.

7CAFÉ+HOTSHOT also has a whole host of tasty combos to choose from. Customers can freely mix & match signature items from both 7CAFÉ+ and HOTSHOT and create their very own combos. Everyone – from students and time-pressed office workers to busy full-time mums – can now find food and customise their own combos for breakfast, lunch, afternoon tea or just a quick snack at 7CAFÉ+HOTSHOT! There are countless combinations but here are four of 7-Eleven’s top picks to show how you can mix trendy treats with Hong Kong classics!

7CAFÉ+HOTSHOT Combos: Our top picks!

To kickstart their morning, many Hongkongers grab breakfast on the go before heading to work or school. This Breakfast Combo B at just $26 is ideal for office workers or students. This combo includes a main item, two sides and a drink and there are lots of options to choose from! The more health-conscious can opt for a nutritious, protein-rich boiled egg as one of their two sides. Or if you want to try something a little different, go for the new and exclusive Red Bean Toast only available at the Tai Po store. Then complete your combo with a refreshing cup of freshly brewed 7CAFÉ coffee made with 100% Rainforest Alliance Certified Arabica beans.

7-Eleven Combo Pick 1: Breakfast Combo B

Breakfast B ($26) Menu

1 Luncheon Meat/4 Cheese Sausages

+ 1 serving of Rice Noodles/Sesame Oil Flavoured Noodles/Macaroni with Chicken or Tomato Soup/Oatmeal with Milk
+ 5 Fish Balls /5 Shao Mais/1 Boiled Egg/1 slice of Toast (Butter/Condensed Milk & Butter/Peanut Butter & Condensed Milk/Red Bean)
+ 1 HK-style hot drink

Combo Upgrade offer:

+$3 to add on an iced HK-Style Drink
+$9 to add on a hot Freshly Brewed Coffee/Flavoured Milk
+$11 to add on an iced Freshly Brewed Coffee/Flavoured Milk
+$16 to add on a Frappe Cool/Bubble Tea/Iced Shaken Tea

Available until 11am

Looking for a light breakfast on the go? Then grab a Toast Snack Combo! Pick from a selection of toppings from HK-style Peanut Butter & Condensed Milk, Condensed Milk & Butter or Butter, as well as an all-new option exclusively at the Tai Po store Red Bean! If you love red bean, you have to try the Red Bean Toast – a slice of hot buttered toast with a generous serving of red bean paste made with Japanese beans! Toast Snack Combos are available all day. Treat yourself and upgrade to a Bubble Tea for a tasty afternoon tea!

7-Eleven Combo Pick 2: Toast Snack Combo

Toast Snack Combo ($24) Menu

1 slice of Toast (Butter/Condensed Milk & Butter/Peanut Butter & Condensed Milk/Red Bean)

+ 1 Purple Dot item (5 Fish Balls/5 Shao Mais/1 Boiled Egg /4 Cheese Sausages/3 Cuttlefish Balls/2 Star-shaped Fish Cakes/1 Luncheon Meat)
+ 1 hot HK-style drink

Combo Upgrade offer:

+$3 to add on an iced HK-Style Drink
+$9 to add on a hot Freshly Brewed Coffee/Flavoured Milk
+$11 to add on an iced Freshly Brewed Coffee/Flavoured Milk
+$16 to add on a Frappe Cool/Bubble Tea/Iced Shaken Tea

Available all day

Roasted Chicken Leg, Roasted Chicken Wings, Shao Mais and Fish Balls are also classic afternoon snack options to get you through the day. 7CAFÉ+HOTSHOT’s Roasted Chicken Snack Combo allows you to mix & match two of these items at a discounted price. Take a break and upgrade your combo with a Specialty Drink such as a Frappe Cool or Bubble Tea!

7-Eleven Combo Pick 3: Roasted Chicken Snack Combo

Roasted Chicken Snack Combo ($35) Menu

1 Roasted Chicken Leg/4 Roasted Chicken Wings

+ 1 Purple Dot item (5 Fish Balls/5 Shao Mais/1 Boiled Egg /4 Cheese Sausages/3 Cuttlefish Balls/2 Star-shaped Fish Cakes /1 Luncheon Meat)
+ 1 hot HK-style drink

Combo Upgrade offer:

+$3 to add on an iced HK-Style Drink
+$9 to add on a hot Freshly Brewed Coffee/Flavoured Milk
+$11 to add on an iced Freshly Brewed Coffee/Flavoured Milk
+$16 to add on a Frappe Cool/Bubble Tea/Iced Shaken Tea

Available after 11am

Our popular Korean-inspired Croffles and HK-style Eggettes are a hit with younger customers. 7CAFÉ+HOTSHOT’s Special Snack Combo lets you enjoy a crispy Croffle or Instaworthy Eggette with a side and a drink at a great value price! You can mix & match a variety of different drinks such as Frappe Cool, Bubble Tea or Iced Shaked Teas. But as 7CAFÉ+HOTSHOT mixes innovative items with classic favourites, we recommend you combine these trendy snacks with an authentic cup of HK-Style Milk Tea to tickle your taste buds!

7-Eleven Combo Pick 4: Special Snack Combo

Special Snack Combo ($35) Menu

1 Croffle/1 Eggette

+ 1 Purple Dot item (5 Fish Balls/5 Shao Mais/1 Boiled Egg /4 Cheese Sausages/3 Cuttlefish Balls/2 Star-shaped Fish Cakes /1 Luncheon Meat)
+ 1 hot HK-style drink

Combo Upgrade offer:

+$3 to add on an iced HK-Style Drink
+$9 to add on a hot Freshly Brewed Coffee/Flavoured Milk
+$11 to add on an iced Freshly Brewed Coffee/Flavoured Milk
+$16 to add on a Frappe Cool/Bubble Tea/Iced Shaken Tea

Available after 11am


New store limited time launch offer

From now until 21 January, visit 7CAFÉ+HOTSHOT and enjoy two surprise launch offers! Offer 1: Buy selected HOTSHOT items at $9 or $10 for a limited time only**! (The $9 limited-time special price applies to a la carte items including: 2 BBQ Pork Buns/2 Custard Buns/1 portion of Cheung Fun/2 Steamed Dumplings/2 Mini Glutinous Rice Dumplings; the $10 limited-time special price applies to a la carte items including: 10 Fish Balls / 10 Shao Mais / 5 Fish Balls and 5 Shao Mais). Offer 2: Enjoy any flavour Frappe Cool at the special limited-time price** of $18. Don’t miss this chance to try our store exclusive Red Bean Fizzy Frappe Cool at a super special price! Head down to 7CAFÉ+HOTSHOT with your family and friends to enjoy these two great offers! And discover a new way to enjoy fun trendy treats and Hong Kong-style classics at 7-Eleven!

* Prices may change without prior notice. The product price at the store shall prevail. Limited quantity available, while stocks last.

** Valid from 8 January (7am) to 21 January 2022. This offer is only applicable to Shop No. S4B & S4C, Ground Floor, Tai Yuen Shopping Centre, No.10 Ting Kok Road, Tai Po. Limited quantity available, while stocks last. All prices listed are in Hong Kong dollars at Hong Kong stores and in Macanese Patacas at Macau stores. The product prices shown at the stores shall prevail. Product images are for reference only. In case of any dispute, 7-Eleven reserves the right of final decision.

Store Details:

Store address: Shop No. S4B & S4C, Ground Floor, Tai Yuen Shopping Centre, No.10 Ting Kok Road, Tai Po
Store opening hours: Open 24 hours
7CAFÉ+HOTSHOT business hours: Monday to Sunday (7:30am to 8:30pm)

Hashtag: #7Eleven #7Cafe #HOTSHOT #TaiPo #7CAFEPLUS

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

About 7CAFÉ+HOTSHOT

The all-new joint 7CAFÉ+HOTSHOT concept brings together two of 7-Eleven’s popular own brands – 7CAFÉ+, famous for its Frappe Cool drinks, freshly brewed coffee, bubble tea, croffles, baked products and other innovative flavours, and HOTSHOT with its selection of authentic local treats such as HK-style milk tea, shao mais, fish balls and noodles. Customers can freely mix & match items from both brands together and combine new ideas with local favourites to enjoy more flavours, more surprises and more choices! Visit 7CAFÉ+HOTSHOT today and discover a new way to enjoy fun trendy treats and Hong Kong-style classics.

Laos Sees a Trade Deficit of USD 23 Million in December

Laos Reports USD 23 Million of Trade Deficit in December
Illustrative image (Photo: https://doanhnghiepkinhtexanh.vn/)

According to the Lao Trade Portal, the country recorded a trade deficit of USD 23 million in December, which is considerably lower than the trade deficits of USD 45 million and USD 230 million reported in November and October, respectively.

Laos Sees More than 1,000 People Cross at Chinese Border

Laos has recorded over 1,000 people entering and exiting via the Boten International Border checkpoint in Luang Namtha Province since China authorized the reopening of borders last week.

Alderan Resources chasing copper and gold in Utah’s best mining districts

Melbourne, Victoria – News Direct – 12 January 2023 –

PressReleaseTMPgnORi6.jpg

Alderan Resources Ltd (ASX:AL8) managing director Scott Caithness joins Proactive’s Elisha Newell to introduce the company and outline its exploration plans in 2023. Alderan is out to discover, delineate and develop copper and gold deposits across Utah, with a special focus on its Detroit gold camp. The company has also inked an option agreement with Rio Tinto, setting it up to profile the Corbin Wickes Project in Montana for copper and molybdenum.
Hashtag: #AlderanResources

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