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Global Trading Platform Moomoo CA Rings the Opening Bell at Toronto Stock Exchange


TORONTO, CANADA – Media OutReach Newswire – 26 March 2024 – Moomoo Financial Canada Inc. (Moomoo CA), a leading next generation stock trading platform, rings the opening bell at the Toronto Stock Exchange to celebrate its approval as a TSX and TSXV non-trading member on March 26, 2024. This occasion symbolizes moomoo’s commitment to expanding its world class products and services in the Canadian market, empowering Canadians to be confident in themselves to invest and grow.

Moomoo CA rings the opening bell at Toronto Stock Exchange.
Moomoo CA rings the opening bell at Toronto Stock Exchange.

Justin Zacks, Vice President of Strategy at Moomoo said, “Having the privilege of ringing the opening bell at TSX with my fellow moomoo colleagues, friends and allies was truly an exciting moment. Moomoo CA is honored to be approved by TMX effective March 29th as a non-trading member of the TSX/TSXV. We look forward to incorporating this development into our business in the future. It’s a new milestone for moomoo as we continue to expand our services and offerings in the Canadian market.”

In September 2023, moomoo officially launched in Canada with the mission to empower Canadians to be confident in themselves to invest and grow, by providing them with advanced tools and comprehensive data essentials at low cost to trade. The moomoo app has rapidly gained popularity among Canadian users. Based on the data.ai’s comparison in March 2024, moomoo is the #1 of Android finance app downloads ranking in Canada.

Unique Features and Tools that Empower Canadian Investors

To support Canadians taking control of their financial future with confidence, the moomoo app provides them with access to a wealth of features, including free access to Level 2 data for US stocks and Level 1 data for Canadian stocks, free 24/7 financial news from over 150 major financial publications, including Bloomberg & Dow Jones, and free detailed analyst ratings from over 4,000 Wall Street analysts.

Moomoo’s vibrant community has over 21 million global investors sharing their experiences and stories and its Moo Learn feature has over 600 tailormade financial education courses make it a leading social-oriented investing platform that encourages self-learning in Canada.

Moomoo’s user-friendly paper trading feature allows investors to begin their trading journey with a virtual portfolio worth $1,000,000, allowing them to practice and experiment without risking real money. Moomoo’s paper trading feature gives investors the access of real-time market data to simulate trading conditions accurately and make informed investment decisions.

With a self-directed moomoo account, Canadian investors can invest in global markets with ease by trading in the U.S. and Canadian markets through one single moomoo account, with lower fees up to 92% cheaper than competitors. Opening an account on moomoo requires $0 capital threshold and $0 account management fees. Additionally, moomoo offers a competitive and transparent fee structure. The following table shows how moomoo’s trading fees and currency conversion fees compare with other Canadian brokerages.

A table showing how moomoo's trading fees and currency conversion fees compare with other Canadian brokerages.
A table showing how moomoo’s trading fees and currency conversion fees compare with other Canadian brokerages.

Built for the Canadian Investors

Moomoo brought its world-class trading platform to Canadian investors, offering a variety of account types to Canadian investors, including cash, margin, RRSP (Registered Retirement Savings Plan), and TFSA (Tax-Free Savings Account) accounts, all without any account management fees.

From March to April 2024, moomoo is running amazing promotions that eligible users can earn up to $2,400 in cash coupons. For more information regarding the promotional offer, please visit here.

[1] The rates provided are for informational purposes only and may not represent the complete range of available rates. It is possible that you may discover rates that are more favorable than those presented in this comparison. (For information on moomoo CA’s Rates and Pricing, please visit: https://www.moomoo.com/ca/pricing)

[2] Other Brokerages include only certain brokerages that we compared and our data source is based on published fee schedules on their official websites. Official website of brokerages as of 8/26/2023. The brokers we refer to may have different rates for different tiers. Please visit their official websites to see details.

Click HERE to download high-resolution event photos.
Click HERE to view the bell ringing video.
Hashtag: #MoomooFinance

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

About moomoo

Moomoo is an investment and trading platform that empowers global investors with pro-grade, easy-to-use tools, data, and insights.

It provides users with the necessary information and technology to make more informed investment decisions. Investors have access to advanced charting tools, technical analytics, and Level 2 data. Moomoo grows with its users, cultivating a community where investors share, learn, and grow together in one place. Moomoo provides free access to investment courses, educational materials, and interactive events that any investor, at any level, can gain from. Users can join forum discussions, trading topics, and seminars to better their investment knowledge and insights.

Founded in the United States in 2018, moomoo has rapidly expanded globally, serving investors in countries such as the US, Australia, Japan, Singapore, Malaysia, and Canada. Globally, moomoo and its affiliates are trusted by over 21 million users. Moomoo takes pride in its role as a global strategic collaborator of the New York Stock Exchange (NYSE) and global collaborator of CBOE Global Markets, earning numerous international accolades from renowned industry leaders such as Best Day Trading Software 2023 awards from Benzinga, Best of the Best 2024 – Online Broker Rising Star from Money Australia and Best Retail Broker 2023 Award from the Securities Investors Association (Singapore).

About Moomoo Financial Canada Inc

In Canada, brokerage products and related services available through the moomoo app are offered by Moomoo Financial Canada Inc (MFCI). MFCI is a Canadian securities broker specializing in Order Execution Only (OEO) services and is registered with CIRO and a member of CIPF. MFCI does not provide investment advice or recommendations regarding the purchase or sale of any investments. Investors are responsible for their own investment decisions.

Central Department Store, under Central Retail, Massively Invests Bt 4 Billion to Transform Central Chidlom to a Luxury Department Store, “The Store of Bangkok”


BANGKOK, THAILAND – Media OutReach Newswire – 26 March 2024 – Central Department Store, under Central Retail Corporation, has announced a substantial investment of 4 billion baht to transform Central Chidlom into “The Store of Bangkok.” Aspiring to establish itself as a luxury department store, it endeavors to provide customers with a comprehensive “One-Stop-Shopping” experience. Setting new benchmarks with its world-class sophisticated design, elegant architecture, and a curated selection of global luxury brands, Central Chidlom aims to offer exceptional services, positioning itself as an inspirational destination for discerning shoppers, thus ushering in a new era of luxury retail in Bangkok.

Central Chidlom

Natira Boonsri, CEO of the Central Department Store Group under Central Retail, unveiled, “Established in 1974, the store has strategically positioned itself in the heart of the city to cater to high-end customers and pioneered the concept of ‘One-Stop-Shopping’ in Thailand. Evolving over more than five decades alongside Thai customers and the retail industry, today marks another significant step as Central Chidlom ventures towards becoming a luxury department store. We no longer see Central Chidlom simply as a department store; it is now The Store of Bangkok, the epitome of shopping sophistication for both Thai and international clientele.”

The new Central Chidlom, branded as “The Store of Bangkok,” stems from the Central Department Store group’s vision to serve as ” The Store of Endless Inspiration for Every Moment of Your Life.” Incorporating three key principles into its redesign, the store aims to establish itself as a luxury department stores:

The Store of Design & Concept

Central Chidlom collaborates with Thailand’s leading architectural firm and a global consultancy to create contemporary architecture. Tailored to fit the Thai lifestyle, it excels in intricate detail while embracing international style:

  • Enhancing the Experience: Broadening the central space of the store to provide a spacious and airy ambiance, evoking luxury and relaxation, and offering a shopping experience designed to fit every product category.
  • Elevating Architecture: Redesigning the exterior façade of Central Chidlom, which serves as its signature, to modernize the store’s appearance. Opting for frosted white glass, capable of illuminating and changing colors at night, Central Chidlom will become a bright, vibrant, lively, and iconic landmark of Bangkok.
  • Enhancing Accessibility: Adding a Sky Bridge on the first floor to directly connect to the luxury floor, and expanding the existing Sky Bridge on the second floor to provide customers with easier access to Central Chidlom.


The Store of Curated Destinations

Central Chidlom represents the unique feature of the store itself, serving as a destination that gathers a diverse array of brands under one roof:

  • World of Luxury: Offering a world-class luxury shopping experience with:
    • Luxe Galerie presents an opulent array of prestigious global brands, such as Balenciaga, Bottega Veneta, Burberry, Celine, Chanel, Dolce & Gabbana, Fendi, Gucci, Loewe, Louis Vuitton, Missoni, Miu Miu, Prada, Roger Vivier, Saint Laurent, and Versace, ensuring an exquisite shopping experience.
    • Shoes Avenue, the ultimate destination for a luxurious collection of designer footwear. Brands such as Bottega Veneta, Burberry, Christian Louboutin, Gucci, Jimmy Choo, Prada, Roger Vivier, Sergio Rossi, Tod’s, Tom Ford, and Vivienne Westwood are showcased, with exclusive debuts of brands making their first appearance in Thailand.
  • World of Beauty: Beauty Galerie, a new pinnacle of luxury and grandeur in Thailand, sprawls across more than 6,000 square meters. It houses an exquisite array of beauty products from over 150 esteemed global brands, including exclusive booths from prestigious names. Beauty Galerie offers exclusive distribution of elite brands, alongside a dedicated space for organic and niche beauty products.
  • World of Youth: Expanding Customer Base among New Generation, Central Chidlom stands out as the first and only department store with Sneakers Boulevard, an area featuring over 800 pairs of sneakers, including the latest collections, special editions, and rare models from various renowned brands.
  • Best Curated Food Destination: Selecting eateries and cafes that cater to every lifestyle and preference, with an increase of threefold in the number of food outlets, totaling over 60 establishments. This expansion aims to fulfill the lifestyle needs of customers who visit the store not just for shopping but also for hanging out.
  • Best-in-Class Service: Elevated services such as upgraded concierge lounges, personal shopping assistants, and digital parking services have significantly enhanced customer experience.


The Store of Communities

Central Chidlom continues to be a beacon of inspiration, aiming to foster strong communities by encompassing:

  • Customer Focus: Catering to three main customer groups: (1) High-spending customers who appreciate well-curated products, (2) Creative and inspired young individuals who are into fashion, art, and innovation, and (3) Travellers and expatriates in Thailand.
  • Introducing CENFINITY to elevate the private loyalty program for top customers of Central Department Store, Robinson Department Store, Central Embassy, and The1 members. This program is redesigned to be more personalized and tailored to meet the lifestyle needs and preferences of the store’s esteemed customers.
  • Establishing a new identity for Central Chidlom through revamped logos and fonts, inspired by the store’s new design. The introduction of the distinct “Central Chidlom Rose Pink” color derived from the iconic flower event of Central Chidlom, will be exclusive to Central Chidlom.
  • Positioning Central Chidlom as the store of endless inspiration for communities, which presents creative events spanning art, music, and gastronomy, in partnership with both local and global collaborators year-round.

The spending trend remains robust among premium clientele and the younger demographic, with projections indicating a 20% increase in foot traffic and a 30% growth in sales following the full-scale operation of the redesigned Central Chidlom in 2025.

Central Chidlom is poised to debut its new identity, embodying the concept of “The Store of Bangkok,” inviting both local and international customers to experience the latest luxury, beauty, and fashion offerings in April. Moreover, valued customers can anticipate the grand reveal of the fully revamped Central Chidlom in December this year.
Hashtag: #CentralRetail #CentralDepartmentStore

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

First Phosphate Reports Published Research Studies for its Lac à l’Orignal, Mirepoix and Bégin-Lamarche Properties in the Saguenay-Lac-St-Jean region of Quebec, Canada

Saguenay, Quebec – Newsfile Corp. – March 26, 2024 – First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”), is pleased to announce that two peer-reviewed publications in scientific journals and one research report have been published on its phosphate properties at Lac à l’Orignal, Mirepoix and Bégin-Lamarche in the Saguenay-Lac-St-Jean region of Quebec.

“These publications are important because they serve to provide the scientific and industrial community with an understanding of the geological set up of these high purity phosphate layers for the potential expansion of this resource to the benefit of the phosphate and lithium iron phosphate (“LFP”) battery industry worldwide,” says CEO John Passalacqua. “High purity Quebec igneous phosphate rock as is found in the Company’s properties is believed to be able produce a large quantity of purified phosphoric acid (“PPA”) to serve North America’s electrification requirements.”

The three published studies can be found at:
https://firstphosphate.com/phosphate-industry/quebecanorthosite

1. Petrogenesis of oxide-apatite mineralization associated with Proterozoic anorthosite massifs at Lac Mirepoix, Quebec, Canada: A multi-injection model for Fe-Ti-P mineralization in the Central Grenville Province

1Pedro Miloski, 1Sarah Dare, 2Caroline-Emmanuelle Morisset, 3Morgann G. Perrot, 3Joshua H.F.L. Davies. 1Département des Sciences Appliquées, Université du Québec à Chicoutimi (UQAC); 2Agence Spatiale Canadienne; 3Département des Sciences de la Terre et de l’Atmosphère/GEOTOP, Université du Québec à Montréal (UQAM) Published in Ore Geology Reviews as part of a PhD thesis. December 2023

2. Petrogenesis of Fe-Ti-P mineral deposits associated with Proterozoic anorthosite massifs in the Grenville Province: insights from oxide and apatite trace-element geochemistry at Lac à l’Orignal, Quebec, Canada

1Pedro Miloski, 1Sarah Dare, 2Caroline-Emmanuelle Morisset, 3Joshua H. F. L. Davies, 3Morgann G. Perrot, 1Dany Savard. 1Département des Sciences Appliquées, Université du Québec à Chicoutimi (UQAC); 2Agence Spatiale Canadienne; 3Département des Sciences de la Terre et de l’Atmosphère/GEOTOP, Université du Québec à Montréal (UQAM)Published in Mineralium Deposita as part of a PhD thesis. December 2023

3. Cl contents of phosphatic layers in First Phosphate’s Bégin-Lamarche property, Quebec, Canada

Dr. Sandeep Banerjee, Queen’s University, Ontario, Canada
November 10, 2023

Details on First Phosphate’s assets in the Saguenay-Lac-St-Jean region of Quebec, can be found at: https://firstphosphate.com/projects/prized-assets

Details on First Phosphate’s pilot plant for the purification of Quebec igneous anorthosite can be found at: https://firstphosphate.com/projects/pilot-plant

Details on First Phosphate’s pilot plant for the manufacture of PPA from Quebec igneous phosphate can be found at: https://firstphosphate.com/projects/ppa-production

Details on First Phosphate’s strategy for the creation of a fully integrated LFP battery supply chain in North America based on establishing an LFP battery valley in the Saguenay-Lac-St-Jean region of Quebec can be found at: https://firstphosphate.com/lfp-battery-strategy

First Phosphate believes that Quebec igneous anorthosite phosphate rock is an untapped source of high purity phosphate which can potentially be mined and transformed into large quantities of PPA to service North America’s need for LFP batteries.

About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the LFP battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

For additional information, please contact:

Bennett Kurtz, CFO
bennett@firstphosphate.com
Tel: +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:

Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate

Forward-Looking Information and Cautionary Statements

This news release contains certain statements and information that may be considered “forward-looking statements” and “forward looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things, the Company’s planned exploration and production activities, the properties and composition of any extracted phosphate, the Company’s plans for vertical integration into North American supply chains, and statement related to the Company’s ability produce a large quantity of PPA to serve North America’s electrification requirements and related environmental benefits from the Company’s proposed processing methods.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company’s long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company’s property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company’s projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; and key personnel continuing their employment with the Company.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: limited operating history; high risk of business failure; no profits or significant revenues; limited resources; negative cash flow from operations and dependence on third-party financing; the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company’s exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company’s mineral properties may be challenged or defective; Aboriginal title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks may adversely affect the company; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; current global financial conditions; fluctuation in commodity prices; dilution; future sales by existing shareholders could cause the Company’s share price to fall; fluctuation and volatility in stock exchange prices; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.

These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian securities authorities, including without limitation the “Risk Factors” section of the Company’s Annual Information Form dated November 29, 2023 which is available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

VinFast introduces a comprehensive electric vehicle lineup at BIMS 2024


BANGKOK, THAILAND – Media OutReach Newswire – 26 March 2024 – At the Bangkok International Motor Show (BIMS) 2024, VinFast Auto (Nasdaq: VFS) introduces a diverse range of green mobility solutions to Southeast Asia’s leading auto market, including electric scooters, cars and the electric pickup truck concept – VF Wild. The company also introduces its industry-leading after-sales policy, reaffirming its ambitious determination to expand in Thailand.

VinFast introduces a comprehensive electric vehicle lineup at BIMS 2024

The modern and intelligent, green mobility solutions VinFast brings to BIMS 2024 include the mini-SUV VF 3; the VF 5, VF e34, VF 6, VF 7, VF 8, and VF 9, spanning from A-SUV to E-SUV segments. The VF Wild, an electric pickup truck concept that has garnered global attention upon its debut at CES 2024, is also on display.

Among these vehicles, the VF 5, VF e34, VF 6, VF 7, VF 8, and VF 9 are all right-hand drive (RHD) versions, tailored for the Thai market. Additionally, VinFast displays its entire range of electric scooters, from entry-level to premium options, including Evo200 and Evo200 Lite, Feliz S, Klara S, Vento S, and Theon S.

By introducing a green mobility ecosystem of high-quality EVs with modern design and innovative technology to the leading electric vehicle market in the region, VinFast strongly affirms its global manufacturing capability and ability to fully cater to the diverse demand for sustainable mobility.

To make green mobility more accessible to Thai customers, VinFast also introduces its unparalleled after-sales policy. Specifically, VinFast’s electric vehicles will be covered by a 7-10 year or 160,000-200,000 km warranty (whichever comes first), and an 8-10 year warranty with unlimited miles for the battery.

VinFast’s commitment to customers extends beyond its industry-leading warranty. The company’s “customer-centric” philosophy is evident in its extensive dealership network, which offers excellent supporting services and policies that surpass the prevailing standards found in the Thai market. VinFast also offers flexible sales policies for customers such as the battery subscription program for electric cars, ensuring a worry-free experience and satisfaction throughout customer’s ownership journey.

Ms. Vu Dang Yen Hang, Chief Executive Officer of VinFast Thailand, shared: “VinFast is proud to bring our intelligent, innovative, and environmentally friendly vehicles to BIMS 2024. Our diverse portfolio of high-quality products and superior after-sales policies affirm VinFast’s leading position in the regional and global electric vehicle market. VinFast aims to inspire Thai consumers with exciting, electrified experiences, thereby, accompanying them in the future of green mobility.”

Thailand is the leading electric vehicle market in Southeast Asia with a growing demand for electric transportation. Continuing the global expansion strategy, VinFast aims to set a new electrified mobility standard for Thai customers, ultimately contributing to create a sustainable transportation future for everyone.

As previously announced, VinFast will expand its operations to at least 50 countries around the world in 2024. In addition to key markets such as the US, Canada, and Europe, VinFast is aggressively expanding into neighboring countries in the Asian region such as India, Indonesia, Thailand, and the Philippines, as well as the Middle East and Africa. On top of its Vietnamese operations, VinFast is also accelerating the construction of electric vehicle manufacturing plants in the US, India, and will build a plant in Indonesia.

Hashtag: #VinFast

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

About VinFast

VinFast – a member of Vingroup – envisioned to drive the movement of the global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.

Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: .

ZJLD Group Recorded Revenue of more than RMB7 Billion for FY2023 Annual Results

The Premiumization Strategy Saw Outstanding Results, and Brand Reputation Steadily Escalated


HONG KONG SAR – Media OutReach Newswire – 26 March 2024 – ZJLD Group Inc. (“ZJLD” or the “Company”, together with the Company’s subsidiaries, collectively the “Group”) (SEHK stock code: 06979. HK), an outstanding representative in the Chinese baijiu industry and the first baijiu company listed in Hong Kong Stock Exchange, is pleased to announce its annual results for the fiscal year ended December 31, 2023 (“FY2023” or the “Year”).

From left to right: Mr. LUO Yonghong, Executive Director and Vice President of ZJLD Group; Mr. NG Kwong Chue Paul, Executive Director and Company Secretary of ZJLD Group; Mr. WU Xiangdong, Executive Director and Chairman of the Board of ZJLD Group; Mr. WANG Lianbo, Vice President and Chief Financial Officer; Ms. ZHU Lin, Executive Director and Vice President of ZJLD Group.
From left to right: Mr. LUO Yonghong, Executive Director and Vice President of ZJLD Group; Mr. NG Kwong Chue Paul, Executive Director and Company Secretary of ZJLD Group; Mr. WU Xiangdong, Executive Director and Chairman of the Board of ZJLD Group; Mr. WANG Lianbo, Vice President and Chief Financial Officer; Ms. ZHU Lin, Executive Director and Vice President of ZJLD Group.

The key financial and business highlights are as follows:

FY 2023

(for the year ended December 31, 2023)

(RMB’000)

FY 2022

(for the year ended December 31, 2022)

(RMB’000)

Increased by
Revenue 7,030,467 5,855,917 20.1%
Revenue of the flagship brand, Zhen Jiu 4,583,208 3,822,696 19.9%
Gross profit 4,079,948 3,238,930 26.0%
Gross profit margin 58.0% 55.3% 2.7 percentage points
Adjusted net profit (non-IFRS measure) 1,622,602 1,197,289 35.5%
Adjusted net profit margin (non-IFRS measure) 23.1% 20.4% 2.7 percentage points
Final dividend per ordinary share (HK$) 0.18 N/A

  • The flagship brand of the Group, Zhen Jiu, in the sauce-aroma baijiu category, ranks as the fourth-largest sauce-aroma baijiu brand in China, with the fastest growth rate in terms of its 2023[1] revenue. Zhen Jiu contributed around 65.2% to the Group’s total revenue during the Year, representing a year-on-year increase of 19.9%. This growth can be attributed to the overall increase in revenue across various product price segments under the Zhenjiu brand. Additionally, the quality of the distribution network has been significantly enhanced, leading to increased contributions from distributor partners and retailers.
  • The increase in gross profit margin was primarily due to the strategic optimization of the Group’s product portfolio. This has effectively boosted the revenue contribution of deluxe baijiu products and products with higher gross profit margins in the same price range. As the production capacity expanded, the Group gradually replaced third-party procurement with self-produced base liquor, significantly reducing unit costs.
  • To express appreciation for the extensive support from our shareholders, the Board of Directors proposes a distribution of a final dividend of HK$0.18 per ordinary share, amounting to approximately HK$610 million in total.

Grasping the Opportunities to Transform and Upgrade in the Sauce-aroma Baijiu Market to Achieve Sustainable High-quality Growth

During the Year, the consolidation further increased in the competitive landscape of the baijiu industry. To cope with the transition from steady growth to high-quality growth in the premium sauce-aroma baijiu industry, the Group has fully embraced the market opportunities brought by the trend of market integration in the premium segment of the baijiu market. The Group formulated a clear strategy focusing on the four critical elements of the baijiu market: brand, production capacity, distribution channels, and talent. It has traversed the cycle and achieved sustainable, high-quality growth. In this regard, the Group has continued to optimize its product structure, expanding its product portfolio from deluxe to premium and above tiers and increasing the revenue contribution from premium baijiu products with higher gross profit margins within the same price range. At the same time, the Group further optimized the development of mid-priced baijiu products to meet the market demand for affordable and quality baijiu products.

The Group’s baijiu research and development team collaborates with professional institutions to develop iconic formulas by implementing strict control measures in the base liquor brewing process and improving brewing techniques to activate the ultimate flavors of its baijiu products. Regarding production capacity, the Group has actively invested in enhancing its base liquor production capacity and further improving its storage capabilities for premium base liquor. During the Year, the Group allocated more resources to promote sell-through and sell-out. This includes utilizing an immersive promotional strategy, advancing a multichannel sales network, maintaining healthy inventory levels at the distributor end, and keeping a close eye on sales performance to ensure optimal distribution and sales efficiency. As a result, the Group recorded an increase of approximately RMB840 million in gross profit from baijiu product sales during the Year, with a gross profit margin improvement of about 2.7 percentage points compared to the corresponding period in 2022.

ESG Achievement Recognized by the Industry and Committed to Pioneering in the Baijiu Industry

There has been growing attention to environmental, social, and governance (ESG) issues in recent years across various sectors. As one of the earliest adopters of ESG initiatives, the Group has internally established its governance frameworks and guidance and formulated a standardized ESG management and assessment system. Since 2022, the Group has identified four primary strategic objectives and over 300 ESG enhancement plans, covering energy and water conservation, green packaging, quality and safety, employee care, and rural revitalization. The Group had completed over 150 ESG management and enhancement initiatives by the end of 2023, surpassing its strategic objectives in environmental governance ahead of schedule and gaining recognition from all walks of the community.

In December 2023, the Group received an “AA” ESG rating from Wind, a leading financial information data provider in mainland China. The Group was also recognized as one of the “Top 100 Best ESG Practices” among all listed companies in Greater China for 2023, being the only baijiu company in the Greater China region to make the list. In addition, the Group’s brand, Zhenjiu, was rated as a national-level Green Factory and was selected as one of the five baijiu companies in the “Outstanding Cases of Corporate Social Responsibility of Chinese Private Enterprises (2023)” and featured by People’s Daily for its ESG-related practices on several occasions. The Group’s significant achievements in various ESG initiatives will be further strengthened by enhancing its ESG-related risk monitoring and control capabilities, aiming to solidify its position as a pioneer in ESG practices within the Baijiu industry.

Create a New Brand Image to Consolidate Development Potential and Enrich Visibility

The baijiu industry is shifting its growth model from extensive and explosive expansion to a focused and high-quality development, with market segmentation concentrating around top-tier brands. Branding is the core of distinguishing and standing out from the rest in this competitive landscape. Throughout the Year, the Group has made significant investments in brand promotion. The Group’s brand, Zhenjiu, has combined the visualization of baijiu products with the intangible cultural heritage of “Tian-tsui” (點翠 or “dotting with kingfishers”) and launched a new brand image promotion strategy. The brand has been prominently showcased in major airports, high-speed railway stations, and city LED screens through an all-rounded, three-dimensional communication approach. Furthermore, the brand advertisements have been broadcast during the prime time slot on China Central Television (“CCTV”), creating a brand-specific symbol with unique characteristics of “Zhen.” During the Year, Zhenjiu was selected as one of the “2023 China Brand Innovation Cases”, becoming a model for brand development. Leveraging its vigorous brand strength, Zhenjiu has consecutively ranked higher in the “Hurun Most Valuable China Brands” for two consecutive years, climbing 31 spots with a 20% increase in brand value.

Mr. Wu Xiangdong, Founder and Chairman of ZJLD Group, stated, “In 2023, despite the challenging macroeconomic and capital market conditions, ZJLD Group successfully listed on the Hong Kong Stock Exchange on 27 April and completed Hong Kong’s largest IPO of the year. It is also the first baijiu company to have listed in nearly eight years. Over the years, the Group has always adhered to seven principles: wholeheartedly brewing fine baijiu; meticulously perfecting products; entrenching in culture to build brands; developing channels with sincerity; elaborately orchestrating immersive experiences; genuinely and thoroughly operating the business; and courageously shouldering responsibilities to prosper. It is through these principles that we have been able to gain a solid foothold and steadily progress in the fiercely competitive baijiu industry. Looking ahead to 2024, we will continue to put in sufficient efforts to brand building, product competency, channel management, regional expansion, and organizational structure to be well-prepared to encounter various challenges, fully engage in our work, and strive to repay the trust and support of our investors.”


[1] According to Frost & Sullivan, the Company was the third-largest private baijiu company in China in terms of revenue in 2023, while Zhenjiu was the fourth-largest sauce-aroma baijiu brand in China achieving the highest year-on-year growth rate among the top five sauce-aroma baijiu brands.

Hashtag: #ZJLDGroup

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

About ZJLD Group Inc.

Zhenjiu was established in 1975 in Zunyi, Guizhou, China’s primary production area of sauce-aroma baijiu. In 1988, it was honored with the Silver Award of the National Quality Award at the 5th National Wine Appreciation Conference. It is one of the “Three Great Sauce Flavor Brands in Guizhou”, along with Moutai and Xijiu. In the same year, it was approved by the Protocol Department of the Ministry of Foreign Affairs, the Communication Department of the Ministry of Economy and Trade, and the Great Hall of the People Management Bureau to become one of the four baijiu brands served at state banquets.

ZJLD Group Inc. is a leading baijiu group in China that is devoted to offering baijiu products, including sauce-aroma, mixed-aroma, and strong-aroma, with sauce-aroma being its core. In terms of revenue in 2023, the Company was deemed the third-largest private baijiu company in China, according to Frost & Sullivan statistics. The Company operates four baijiu brands in China, including Zhenjiu, Lidu, and two leading regional names, Xiangjiao and Kaikouxiao. ZJLD prides itself on inheriting the time-honored baijiu-brewing techniques and reinvigorating them to develop iconic recipes and classical flavours. It strives to create a wide variety of aromatic and mellow baijiu products to meet the diverse preferences of consumers, seize broader market opportunities, and promote traditional Chinese baijiu culture.

Kerry Logistics Network Announces 2023 Annual Results


HONG KONG SAR – Media OutReach Newswire – 26 March 2024 – Kerry Logistics Network Limited (‘Kerry Logistics Network’ or together with its subsidiaries, the ‘Group’ or ‘KLN Group’; Stock Code 0636.HK) today announced the Group’s annual results for 2023.

Group’s Financial Highlights

  • Revenue* decreased by 42% to HK$47,408 million (2022: HK$82,330 million)
  • Core operating profit* dropped by 61% to HK$2,207 million (2022: HK$5,645 million)
  • Core net profit* decreased by 69% to HK$1,214 million (2022: HK$3,952 million)
  • Profit attributable to the Shareholders was HK$791 million, which represents a drop of 78% (2022: HK$3,579 million)
  • Integrated Logistics (‘IL’) business recorded a segment profit* of HK$1,295 million (2022: HK$1,385 million), which represents a decrease of 7%
  • International Freight Forwarding (‘IFF’) business recorded a segment profit* of HK$1,394 million (2022: HK$4,721 million), which represents a drop of 70%
  • Proposed final dividend of 13 HK cents per Share to be payable on or around Thursday, 6 June 2024

* For continuing operations only

Vic Cheung, Group Managing Director of Kerry Logistics Network, said, “2023 was undoubtedly a challenging year globally. Nevertheless, the global economy was in a better shape than it was in 2022. For the global logistics industry, while growth stalled, both freight rates and volume saw a slight rebound as the market continued to normalise gradually. Despite a tough market, new opportunities emerged amid changing consumer demands and the reshuffle of global supply chains. KLN Group was able to turn challenges into opportunities and provided customers with viable and cost-effective alternatives to keep their cargoes moving and delivered. KLN Group’s overall performance in 2023 was in line with expectations and on par with global peers.”

Segmental Reporting

During the period, KLN Group took out the E-commerce and Express business from its segmental reporting following the transfer of companies engaging in express delivery services in the Asia Pacific and Europe to S.F. Holding in 2023 Q3 and the subsequent announcement in December 2023 to deconsolidate Kerry Express Thailand through dividend distribution.

The purpose of the restructuring was to reinforce KLN Group’s strategy of focusing on its core business of integrated logistics and international freight forwarding, with an aim to enhancing its overall performance and prospects.

Integrated Logistics

The IL division overall reported a 7% decrease in segment profit, dragged down by the drop in the Hong Kong business as a result of the shrunken demand for pandemic-related services and a slower recovery of the retail market than anticipated. Nevertheless, despite the performance of the Hong Kong business, the IL division in other markets recorded growth.

In the Mainland of China, despite a delay in market recovery, the IL business recorded a 17% increase following the successful execution of a series of cost management measures. The IL business in other parts of Asia recorded an 11% increase mainly supported by the stable performance of Kerry Siam Seaport in Thailand.

International Freight Forwarding

The IFF division reported a 70% decline in segment profit in 2023 due to excess inventories, subdued purchasing power and stagnant export growth, in particular in Asia. The drop in air and ocean freight rates since 2022 Q3 from the all-time highs in 2021 as the global logistics market normalised has caused further contraction in profit margin in 2023, compared to that of 2022.

Nonetheless, riding on stabilised freight rates and a pick-up in consumer demand, KLN Group delivered sustainable results on the Asia-US trade routes and remained the leading player in the world’s busiest trade lane in 2023.

In 2023, the Group continued to leverage the strengthened resources with S.F. Holding to capitalise on the cross-selling and collaborations in various verticals and businesses. A joint venture was formed to manage the international cargo terminal of the Ezhou Airport in Central China.

Various mega industrial projects were completed and records were broken by project logistics teams in the Mainland of China, Central Asia and Europe in 2023. The segment delivered satisfactory results and is expected to become one of the development drivers of the IFF division soon.

Vic Cheung concluded, “Global growth is likely to remain weak in 2024. The Red Sea crisis is bringing new variables to the Group’s IFF business. Nevertheless, we are determined to provide customers with alternative solutions in the near-term and are optimistic that our IL business in Asia is likely to benefit from the shifts in the supply chain in the mid-term. KLN Group’s agility, resilience and innovation in providing solutions powered by its global network, solid presence in Asia and the most diversified service offerings will again enable the Group to come out on top. Looking ahead, the Group will continue to create synergies with S.F. Holding through extensive collaborations, actively identify new opportunities to grow its business sustainably and deliver greater value for its shareholders.”
Hashtag: #KerryLogisticsNetwork

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

Kerry Logistics Network Limited (Stock Code 0636.HK)

Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and extensive coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal) and e-commerce to industrial project logistics and infrastructure investment.

With a global presence across 60 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

Kerry Logistics Network generated a revenue of over HK$47.4 billion in 2023. It is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng Corporate Sustainability Benchmark Index.

Indian Youths Duped into Scams in Laos After Promised High-Paying Jobs in Thailand

Representational image (Photo: RNZ)

Approximately 25 to 30 young Indians fell prey to a scam promising high-paying jobs in Thailand, only to find themselves coerced into illegal work in Laos. They were ensnared by a criminal syndicate and compelled to operate a call center, scamming individuals across Europe, the United States, and Canada.

Government Holds Job Fair Amidst Labor Shortage Crisis

Government Holds Job Fair Amidst Labor Shortage Crisis
A shot taken from the job fair (photo: Lao National Radio)

Desperate situations call for desperate measures. Laos held a job festival on 22 March in Vientiane Capital in a move to seek recruitment for over 50 companies amidst the country’s labor shortage crisis.