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DYXnet is Rolling Out the Enterprise-grade Email Security Solution with Green Radar

Eliminates Phishing and Malware Threats for Businesses of All Sizes in an Evolving Risk Landscape

HONG KONG SAR – Media OutReach – 10 November 2022 – DYXnet (a member of NEOLINK), one of the leading carrier-neutral network service providers in Greater China, announces a partnership with Green Radar, an email security solution provider in launching the enterprise-grade email security solution to meet the increasing customer needs with state-of-the-art approach to manage email threats for enterprises.

Jack Lam, General Manager, Hong Kong Sales of DYXnet (Right), Joe Sze, Group Director, Product & Service Management of DYXnet (Second from the right) & Kenneth Ma, Executive Vice President, Sales of Green Radar (Left), announce a strategic partnership in email security between DYXnet and Green Radar.

Jack Lam, General Manager, Hong Kong Sales of DYXnet (Right), Joe Sze, Group Director, Product & Service Management of DYXnet (Second from the right) & Kenneth Ma, Executive Vice President, Sales of Green Radar (Left), announce a strategic partnership in email security between DYXnet and Green Radar.

Hybrid working model has become the new norm in the post pandemic era. 63% of high-growth companies have already adopted a “productivity anywhere” workforce model according to Accenture. The increasing dependency on technology and evolving risk landscape have raised concerns in terms of cybersecurity. According to a Deloitte article, 91% of all cyber-attacks begin with a phishing email. Email remains one of the biggest security challenges to organizations of all sizes. Companies are looking for a hassle-free yet comprehensive solution to ensure business operations being well protected from the most common and sophisticated form of email-attacks.

“By partnering with Green Radar, we are happy to introduce a next generation cloud-based email security platform that provides the most comprehensive email protection against bulk spams, virus, malware, spoofing emails, phishing, CEO fraud and other email-borne attacks to businesses of all size” said Jack Lam, General Manager, Hong Kong Sales of DYXnet. “Through proactive threat hunting mechanism with artificial intelligence and big data analysis, the solution ensures suspicious emails are filtered and analyzed before delivered to the end users, provides an effective way to improve businesses’ cybersecurity readiness, and further minimize their email risk.”

“We help customers to achieve greater flexibility in email security policies, custom blocking rules, false positive tuning and management,” added by Joe Sze, Group Director, Product & Service Management of DYXnet. “Green Radar’s multi-layer email security solution guarantees 99.999% availability with SPAM capture rate over 99%, offering our customers a higher level of email protection to jumpstart their digital journey safely.”

“Combining DYXnet’s extensive experience in enterprise network services with Green Radar’s expertise in email security, this partnership brings our customers a cost-effective solution in achieving both email security and operation efficiency under the hybrid work environment” said Kenneth Ma, Executive Vice President, Sale of Green Radar.

Green Radar’s solution integrates artificial intelligence (aidarTM), machine learning, threat intelligence and big data analysis technology to train the system to deal with flexible and ever-changing email attacks. The AI technology increases the interception rate and reduces false positives when conducting email screening for customers. It also strengthens the ability to predict attack patterns and accelerate the response time to different form of attacks. URL isolation adds extra layer of protection from malicious links and hacking.

DYXnet is committed to providing customers with a diverse portfolio of security products that eliminate the blind spots where cybercriminal may potentially exploit. This email security solution offers Zero-Day Exploit Protection, Credential Theft Protection, Sandboxing Technology as well as User Impersonation Detection, which simplifies the complexity of email protection while reducing business effort.

For more information, please visit https://www.dyxnet.com/hk/email-security-solution/

Hashtag: #DYXnet

About DYXnet

DYXnet, a wholly-owned subsidiary of VNET Group (NASDAQ: VNET), is one of the leading carrier-neutral network service providers in Greater China with over 20 years of solid experience. It is committed to provide solutions for customers through disruptive technologies and services including enterprise network solutions like MPLS and SD-WAN, cloud solutions and data centre services. Among the first ICT service providers in the region to have obtained ISO certifications including ISO/IEC 27001, ISO/IEC 20000-1, and ISO 9001, DYXnet is also one of the first official members of the China Cross border Data Telecommunications Industry Alliance and one of the first SD-WAN service standard drafting units

As a NASDAQ-listed company and leading carrier-neutral Internet data center and hybrid cloud services provider in China, VNET has gone further by forming a new sub-brand “NEOLINK” in April 2021, which integrated DYXnet with its five product lines including Data Center, Network Products, Hybrid Cloud, Bare Metal and O&M Management Services in providing a suite of diverse solutions for customers in achieving full-cycle digital transformation. We work towards a common goal of delivering innovative solutions with the foresight to identify the evolving needs of our customers and communities.

For more information about DYXnet, please visit .

About Green Radar

Green Radar redefines email security and enables organizations to focus on running their business. We operate a Managed Detection & Response (MDR) approach to protect organizations from email threats by combining big data with artificial intelligence, global threat intelligence and a team of cybersecurity experts to keep your inbox safe.

Green Radar is a member of Edvance International Holdings Limited (1410.HK), a leading cybersecurity and innovative technology company headquartered in Hong Kong.

Company website:

Amazon donates S$100,000 to local NPOs, Delivering Smiles to children in Singapore

Arc Children’s Centre, SHINE Children and Youth Services, and Singapore Children’s Society are among the non-profit organizations that are part of the Amazon x Shop for Good wishlist initiative and will receive a cash donation to deliver smiles and support the underprivileged children in Singapore

SINGAPORE – Media OutReach – 10 November 2022 – (NASDAQ: AMZN) – This holiday season, Amazon is ramping up support for underprivileged children in Singapore via local non-profit organizations (NPOs) that are part of the Amazon x Shop for Good wishlist initiative. This includes donating a total of SGD100,000 in cash to NPOs such as Arc Children’s Centre, SHINE Children and Youth Services, and Singapore Children’s Society to help vulnerable children and youths in Singapore better learn, play, and develop in the long-run.

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Amazon’s increase in support for the local community comes as Singapore aims to create a vibrant philanthropic ecosystem and become a hub in Asia. With the wishlist initiative, Amazon continues to work closely with local non-profit organizations to understand the evolving needs of the underprivileged in the community and channel resources to uplift and nurture them, especially children. In addition, the initiative serves to raise awareness and encourage the public to give to meaningful causes regularly and offers a platform for donating transparently.

Amazon’s donation, coupled with donations from the public through the NPOs’ wishlists, will benefit more than 25,000 children in Singapore, aged between three and 21 years, increasing their access to better and more enrichment activities, meals, and medical care, among helping with other needs.

Leo Laforgia, Country Manager, Amazon Singapore, said: “We are humbled to be able to support 16 local non-profit organizations over a variety of causes through our wishlist initiative. As we increase our support for the local community, this year, we want to focus on children from underprivileged families and nurture Singapore’s next generation of bright and curious minds. Our mission to help children in need do and live better deeply resonates with the causes of NPOs such as Arc Children’s Centre, SHINE Children and Youth Services, and Singapore Children’s Society. We hope that our support further fuels their meaningful work with children, and encourages more people in Singapore to donate directly via the NPOs’ wishlists and help kids build a better, brighter future.”

Delivering Smiles with Singaporeans’ this holiday season

Amazon’s wishlist initiative was started locally in 2020 to make giving and doing good a part of daily experiences for people in Singapore, especially during the pandemic. As people shop on Amazon.sg for holiday gifts or everyday essentials, they can browse the items requested by NPOs on their respective wishlists, click to purchase them per their budget, and directly support the causes they are most passionate about.

Each NPO’s wishlist is an updated depository of items which their beneficiaries currently need most and works as a self-serve tool—at no cost to NPOs—to inform customers on Amazon.sg what the NPOs need and their quantity. Customers who are keen to donate can select any listed item and quantity, make the payment, and have the items delivered directly to the NPOs’ specified address. This minimizes instances of mismatched items being donated to NPOs or the need to drop them off physically, while offering the same vast selection, convenient shopping experience, and great prices that customers have come to expect from Amazon.sg.

A total of 16 local NPOs are currently part of the Amazon x Shop for Good wishlist initiative: Arc Children’s Centre, Beyond Social Services, Blessings in a Bag, Children’s Wishing Well, Club Rainbow (Singapore), Engineering Good, Fei Yue, Glyph Community, New Hope Community Services, Singapore Red Cross, SHINE Children and Youth Services, Singapore Children’s Society, The Singapore Association for the Deaf (SADeaf), SOSD, The Food Bank Singapore, and Willing Hearts.

In the first half of 2022, participating NPOs received close to 1,100 items through the wishlist initiative on Amazon.sg – including necessities such as milk formula, oscillation fans, air purifiers, canned food – amounting to over SGD$16,800 in value. This sum is approximately 70% more in value than that of donations received during the same time last year (between January to June 2021).

Geraldine Lee, Co-Founder & Centre Head, Arc Children’s Centre Co Limited, said: “Pandemic or not, every day is crazy fun-filled for these children undergoing cancer treatments and their little siblings. Your donation via our Amazon.sg wishlist will support their holistic development– physical, education and emotional. Arc is a sanctuary for every child who comes, to find joy again.”

Lee Seng Meng, Executive Director, SHINE Children and Youth Services, said: “The continued achievements and growth of SHINE are made possible through years of commitment and relentless envisioning to better serve the children and youths of Singapore. We are honored and privileged to have the support and trust of our staff, volunteers, partners, funders, and donors on this journey. We thank each and every one of you as you donate via our Amazon.sg wishlist and look forward to your continued support as we shine through the new norm for the betterment of the lives of children, youths, and their families.”

Joyce Teng, Senior Director, Community Engagement and Partnerships, Singapore Children’s Society, said: “2022 marks a significant milestone for Singapore Children’s Society as we celebrate our 70th anniversary. While we celebrate seven decades of bringing hope and smiles to those in need, we are also mindful to constantly evolve our programs and services to meet the changing needs of children. We are extremely grateful to our corporate donors, like Amazon and their wishlist initiative, that have been on this transformative journey with us.”

Customers can join Amazon in its season of giving by shopping for an NPO’s wishlist via amazon.sg/shopforgood.

Non-profit organizations in Singapore keen to learn more about the wishlist initiative can find more information here.

Appendix: List of non-profit organizations with Amazon.sg wishlists that will receive S$25,000 each in cash donation

Arc Children’s Centre

Arc Children’s Centre is an independent charity day centre that supports children with cancer and other life-threatening conditions and their siblings between the ages of 3-18 years. Founded in 2011, the centre’s vision is to provide a sanctuary for the children’s continuing education, development, and bonding.

SHINE Children and Youth Services

SHINE Children and Youth Services is a registered charity and a member of the National Council of Social Service. It has been empowering children, youth, and their families in Singapore since 1976 and remain committed to enabling them to maximize their potential. SHINE serves around 5,000 students, aged 5-21 years old, each year.

Singapore Children’s Society

Singapore Children’s Society protects and nurtures children and youth of all races and religions. Established in 1952, its services have evolved to meet the changing needs of children. Today, Children’s Society operates more than 10 service centres islandwide, offering services in the four categories of: Vulnerable Children and Youth, Children and Youth Services, Family Services, and Research and Advocacy. In 2021, the Society reached out to 19,973 children, youth and families in need.

Social Handles
Instagram: @Amazon.SG
Facebook: @Amazon.sg

Hashtag: #Amazon

About Amazon x Shop for Good Wishlist campaign

The Amazon x Shop for Good Wishlist campaign is a joint effort by Amazon Singapore and the National Volunteer & Philanthropy Centre (NVPC) to encourage shoppers to donate to non-profit organizations (NPOs) by purchasing items listed on their wishlists. Shop for Good is a collaborative initiative by NVPC’s Company of Good that aims to bring stakeholders in the retail and e-commerce space together to make doing good a part of daily encounters. Check out the full list of NPO wishlists .

About Amazon in the Community

Amazon is committed to helping more children and young adults, especially those from underrepresented and underserved communities, have the resources and skills they need to build their best future. Amazon focuses on building long-term, innovative, and high impact programs that leverage Amazon’s unique assets and culture.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit Amazon.sg.

Federation for Self-financing Tertiary Education Catalyses Diversified Development of Students with Diploma of Applied Education Programme

HONG KONG SAR – Media OutReach – 10 November 2022 – In an ever-changing era, modern education is more than a channel for students to learn knowledge, but also an access for exploring their potentials and interests, cultivating self-learning and best utilising their knowledge. This is a new era to catalyse diversified development of students.

To cope with market demand, Self-financing Tertiary Education (FSTE) announced the launch of Diploma of Applied Education (DAE) Programme to fill Hong Kong’s talent gap and expand its talent pool. A nurture-oriented programme, DAE incorporates the consultation feedback from over 100 employers and educators into the design of its syllabus to address social and economic development needs. It has been carefully assessed and critically reviewed by various renowned educators and stakeholders to ensure the syllabus caters the current needs of both the youths and the society.

Prof. Ronald Chung, Chairman of FSTE, underlined the importance of ensuring academic curriculum to keep abreast of the times as the society progresses. Based on international research and local consultation, literacies of fundamentals, society, cognition and integrity are 4 core values of DAE syllabus that unleash the talents of new generation. Whether continuing studies or starting job career, DAE can also facilitate students’ career planning and preparation in advance.

FSTE adopts a diversified yet flexible model in DAE course structure. Students can either choose any 2 supplementary subjects and 1 elective module or 5 supplementary subjects on top of 3 essential and compulsory subjects in Chinese Language, English Language and Mathematics. Besides options such as Career Planning, Interpersonal Communication and Personal Development, and Maths Plus, DAE also covers the fundamentals of Digital Era with supplementary subjects in Digital Citizenship and Technological Innovation Skills, allowing students to choose their favourite subjects in accordance with their actual needs and encouraging self-learning. Supplementary subjects help students to capturing the necessary skills for today’s world and utilise application data and information technology skills to solve practical problems. At the same time, these subjects inspire students to actively pursuing academic and career aspirations, so as to develop a positive attitude towards work and study. With emphases on active and interactive learning, DAE encourages students to participate in student activities that they must complete life-wide learning activities for no less than 10 hours for achieving whole person development.

Prof. Cheng Kai Ming, Emeritus Professor of The University of Hong Kong, welcomed the launch of DAE. He believes academic performance should no longer be the only consideration for students to decide their career path in an evolving world and DAE will open up new horizons for youths and on-the-job learners. Dr. Ho Yuk Fan, Esther, Chairperson of Hong Kong Association of Careers Masters and Guidance Masters also agreed that DAE offers an alternative for students to obtain university degrees or other recognised qualifications and helps them to explore more possibilities in learning and career pursuits.

Dr. Stella Kwan Mun-yee, Former Chief Corporate Development Officer of Cyberport Hong Kong, also expressed that the education sector is full of confidence in DAE. As a programme planned by the Education Bureau and a Level 3 qualification accredited by the Hong Kong Council for Accreditation of Academic and Vocational Qualifications, DAE equips all learners with the necessary skills for the future and enhances their fundamental capabilities. She firmly believes DAE is instrumental for Hong Kong to cultivating invaluable talents.

Upon completion, DAE students will be awarded the Diploma of Applied Education. Since the graduation result is equivalent to Level 2 in 5 subjects in the Hong Kong Diploma of Secondary Education Examination, DAE students are eligible for the application of Associate Degree and Higher Diploma programmes or civil service positions. Eligible graduates will receive 30% refund of tuition fee by the government. They will also be eligible for tuition reimbursement in full or half from the Student Finance Office upon passing the means test.

About Federation for Self-financing Tertiary Education (FSTE)

Federation for Self-financing Tertiary Education (FSTE), formerly known as “The Federation for Continuing Education in Tertiary Institutions” (FCE), was established in 1994. It aims to advance the quality, promote collaboration and share good practices in the self-financing tertiary education sector. FSTE membership comprises all publicly-funded higher education institutions and major non-profit-making institutions (including 8 self-financing local tertiary institutions) providing tertiary/continuing education in Hong Kong, as well as 6 Individual Members.

SATA CommHealth’s Osteoporosis and Fall Prevention Festival Returns with First In-Person Edition

SINGAPORE – Media OutReach – 10 November 2022 – SATA CommHealth, in collaboration with Kampong Chai Chee AAC/SCEC, is pleased to announce the second edition of the Osteoporosis and Fall Prevention Festival 2022, which will be happening from 18 to 20 November 2022. Held in person for the very first time at Heartbeat @ Bedok, the festival aims to improve the lives of seniors and caregivers through proper awareness and education. The three-day event will be officially opened by Guest of Honour, Mr. Tan Kiat How – Senior Minister of State, Ministry of Communication and Information, Ministry of National Development and Adviser to East Coast GRC GROs, on the 19 November 2022.

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Osteoporosis and Fall Prevention Festival 2022

Themed “Building Strong Bones”, the festival will feature talks, presentations, and workshops focusing on the foundations of building strong bones, fall prevention in the community, and how technology can improve bone strength, especially among the silver generation. There will also be sharing sessions hosted by an esteemed panel of speakers consisting of orthopaedic specialists, therapists, dietitians, community leaders, and technology experts who will provide in-depth knowledge on how best to prevent falls.

According to the National Library of Medicine, Singapore has one of the highest reported hip fractures in Asia, with one in three women above 50 years old suffering from Osteoporosis. The projected annual number is also expected to hit 5,000 cases by 2050. In addition, the International Osteoporosis Foundation reported that approximately 8,000 seniors aged 65 and above were admitted to restructured hospitals from 2013 to 2016 due to falls. 33% of these cases became fully dependent or were admitted into nursing homes. 40% of injury-related deaths in Singapore have also been linked to falls.

With greater awareness, reduced risk factors, and clinical interventions, falls among seniors can be significantly reduced. As part of the festival, visitors can expect to learn more about topics such as preventing falls at home, nutrition, and diet to complement movement, and the use of technologies such as ankle foot orthosis and electrical stimulation for walking, to decrease the chances of a fall.

Edmund Khoo, Chairman of the Osteoporosis and Fall Prevention Festival Committee, commented, “With Singapore progressively becoming an ageing population, SATA CommHealth wants to offer Singaporeans the opportunity to learn more about Osteoporosis and fall prevention through the varied platforms such as clinical intervention, assessments, exercises, and the use of technology. We hope this festival can shed some light on how one can help themselves or their loved ones take preventive measures to avoid fatal falls.”

The Osteoporosis and Fall Prevention festival was born out of the Osteoporosis and Fall Prevention programme offered to seniors at the day rehabilitation centre. It is one of many programmes that SATA CommHealth spearheads as part of its vision to promote lifelong health within the community. Having been in service for 75 years, SATA CommHealth provides accessible healthcare through their home and centre-based services. This includes Doctors-On-Wheels, Homecare and Rehabilitation services, and the Community Hub @ Fernvale.The charity also works with community clubs, grassroots organisations, voluntary welfare partners, and religious and special interests groups to provide screenings and treatments for beneficiaries and staff, with the aim of doing more for the seniors and vulnerable groups to build a healthy community.

The Osteoporosis and Fall Prevention Festival 2022 will be happening from 18 to 20 November 2022. For more information and to sign-up for the festival programmes, please visit https://bit.ly/3DQ2482.

Hashtag: #SATACommHealth

About SATA CommHealth

SATA CommHealth is a registered charity organisation in Singapore and an established medical healthcare provider. Established in 1947, SATA CommHealth was initially formed to support the government in containing the Tuberculosis outbreak. Today, 75 years on, SATA CommHealth serves more than 200,000 people across six medical centres islandwide and remains the leading provider of statutory health screening that actively provides community healthcare to the general public.

SATA CommHealth’s primary community programmes and services include Doctor Consultation Services, Medical Diagnostic Imaging Services, Preventive Health Screening, Statutory Health Screening, Mobile Medical Services and Telemedicine. SATA CommHealth also runs other charitable programmes like Doctors-On-Wheels, Homecare Services, Day Rehabilitation Centres, Community Hub in Fernvale and Health Talks for corporate companies.

For more information, visit

Top UK university welcomes talented international students as demand for health and life sciences booms

NORWICH, UK – Media OutReach – 9 November 2022 – The University of East Anglia (UEA) – the United Kingdom’s Top 30 university known for its world-leading research – is actively looking for talented international students in the fields of health and life sciences to study at its 360-acre campus in Norwich.

As countries worldwide come to terms with the long-term health effects of ageing populations, the demand from international students for top-quality health care courses at UK universities is increasing year on year. From 2019 to 2021 Nursing and Adult Nursing has witnessed a 75% uptick, Counselling, Psychotherapy and Occupational Therapy 60%, and Physiotherapy 25%.

INTO UEA – UEA’s on-campus international education partner – is offering an International Foundation in Pharmacy, Health and Life Sciences that provides students from across the globe with the opportunity to progress to over 60 courses at UEA.

With UEA’s Medicine, Pharmacy and Pharmacology, Occupational Therapy, and Physiotherapy courses all ranked within the top 15 in their subject areas in the UK, INTO UEA is a perfect springboard for tomorrow’s top health professionals.

Marco from Hong Kong completed his Foundation programme at INTO UEA in 2019 and graduated from UEA in 2022 with a 1st in BSc Physiotherapy. He says: “My physiotherapy course provided me with a compulsory placement experience in hospital, allowing me to get practice and experience for my future working environment.”

Kaley, also from Hong Kong, completed her Foundation course at INTO UEA in 2017, progressed to UEA and achieved a 1st in BSc Occupational Therapy before completing an MSc in Clinical Research. She says: “I completed six placements throughout my degree, equating to over 1200 hours of work. This equipped me with the knowledge and skills needed to become a confident newly-qualified Occupational Therapist.”

INTO UEA’s on-campus centre offers academic preparation courses and English language programmes designed specifically for international students. With a sharp focus on student success, the courses prepare international students for entry to UK universities.

Dawn Wilkinson, Programme Manager at INTO UEA, says: “Studying at INTO UEA means being at the heart of bioscience research, discovery and real-world innovation. UEA is an integral member of Norwich Research Park, Europe’s leading hub of bioscience researchers working together to solve real-world problems in health, food and the environment. Our students benefit from top-class teaching, facilities and opportunities to get involved.”

“INTO UEA’s highly experienced team has outstanding success rates in helping students successfully gain places on competitive medicine and health science degree courses, through extensive personalised support.”

UEA is ranked in the UK top 20 for research quality and UK top 25 in the Graduate Outcomes Survey.

Hashtag: #INTOUniversityPartnerships

About INTO University Partnerships:

INTO University Partnerships connects students seeking quality international education with leading universities in the UK, US and Australia. Since its inception in 2005, INTO has helped more than 130,000 students from 190 countries realise their dream of achieving a degree from a world-class university.

Johnson Electric reports results for the half year ended 30 September 2022

Highlights of FY22/23 Half-Year Results

  • Group sales US$1,770 million – up 6% compared to first half of the prior financial year. Excluding the effects of foreign currency movements and an acquisition, sales increased by 11%
  • Gross profit US$355 million or 20.0% of sales (compared to US$357 million or 21.3% of sales in first half of the prior financial year)
  • Adjusted EBITA US$111 million (compared to US$138 million in first half of the prior financial year)
  • Net profit attributable to shareholders decreased by 40% to US$56 million or 6.21 US cents per share on a fully diluted basis
  • Net profit excluding non-cash foreign exchange rate movements and restructuring costs, decreased by 19% to US$78 million
  • Free cash flow from operations US$80 million (compared to a free cash outflow of US$56 million in first half of the prior financial year)
  • Total debt to capital ratio of 17% and cash reserves of US$298 million as of 30 September 2022
  • Interim dividend 17 HK cents per share (2.18 US cents per share) with a scrip dividend alternative

HONG KONG SAR – Media OutReach – 9 November 2022 – Johnson Electric Holdings Limited (“Johnson Electric”), a global leader in electric motors and motion subsystems, today announced its results for the six months ended 30 September 2022.

Total Group sales for the first half of FY22/23 totalled US$1,770 million, an increase of 6% over the first half of the prior financial year. Excluding the effects of foreign currency movements and an acquisition, sales increased by 11%. Net profit attributable to shareholders decreased by 40% to US$56 million or 6.21 US cents per share on a fully diluted basis. Net profit, after adjusting for the effects of non-cash foreign exchange rate movements and restructuring costs, decreased by 19% to US$78 million.

Automotive Products Group

The Automotive Products Group (“APG”), which accounted for 79% of total Group sales in the period under review, reported a 16% increase in sales on a constant currency basis. This robust growth rate, which comfortably exceeded global auto industry production volume growth over the same period, reflected the division’s focus on technology solutions that are enabling the industry’s shift to increased electrification, reduced emissions, and improved safety and comfort.

The global auto industry is presently experiencing its greatest upheaval in decades as a result of the combination of near-term supply chain constraints, the structural shift away from the internal combustion engine to electric propulsion, and increasing macro-economic headwinds. Although the recent global shortages of semiconductors have shown some signs of improvement, this critical supply bottleneck is continuing to have a highly disruptive impact on OEM production schedules for specific vehicle models that then cause knock-on disruptions and production inefficiencies for component suppliers.

On a geographic basis, APG grew sales in constant currency terms in each of its three major regional markets. However, the operating conditions and factors currently influencing end-market demand in these markets are starkly different.

In the Americas, APG’s sales increased by 23% on a constant currency basis. As a result of supply constraints and pent-up consumer demand for new vehicles, US light vehicle inventories remain at below-average levels and the average retail price of a car has risen sharply to more than US$48,000 (and currently stands at US$65,000 for an electric vehicle). In Europe, although OEMs were also able to command higher retail prices for their most sought-after models, operating conditions were extremely challenging due to ongoing components shortages, high inflation, and growing concerns among both consumers and producers over the severe energy crisis triggered by the war in Ukraine. In this context, APG Europe performed creditably with constant currency sales growth of 8% – though it should be noted that due to the strength of the US Dollar against the Euro during the period, APG Europe’s reported sales in US Dollars declined by 3%. Finally, in China, end-market demand continues to be highly influenced by government policies. In the second quarter of the 2022 calendar year, car sales plunged due to Covid-related lockdowns. Sales demand subsequently recovered, due in part to tax incentives to purchase new energy vehicles, but remained relatively soft as Covid-related restrictions have continued and economic conditions have deteriorated. APG’s sales in Asia, the majority of which are to China, nonetheless increased by 17% in constant currency terms.

Industry Products Group

The Industry Products Group (“IPG”), which accounted for 21% of total Group sales, reported a 5% decrease in sales on a constant currency basis compared to the first half of the prior year.

At the height of the pandemic, IPG experienced exceptionally strong demand growth as consumer expenditure shifted disproportionately away from services and towards goods (especially “home-centric” goods). During the course of 2022, as pandemic restrictions began to lift in North America and Europe, there has been a gradual normalization of consumer expenditure patterns which has seen a number of IPG’s end customers and contract manufacturers move to reduce their excess inventory levels and cut back on orders. The second factor leading to reduced demand in some product areas is heightened concerns among consumers about inflation and the growing risk of a recession in many developed economies.

Notwithstanding the increasing macro-economic headwinds, IPG continued to make encouraging progress in growing its share in several high-growth market application segments, including medical devices, ventilation, window automation, and semiconductor manufacturing equipment.

Profitability and Financial Condition

Gross profit decreased by 1% to US$355 million – which as a percentage of sales represented a decline from 21.3% to 20.0%. The decline in gross margins was largely the result of higher raw material expenditure and reduced gains on foreign currency hedging contracts, which were only partially offset by pricing adjustments, volume increases and cost-reduction initiatives.

Group operating profits amounted to US$69 million compared to US$117 million in the first half of the prior financial year. The reduction in reported operating income was primarily due to a loss of US$7 million derived from Other Income and Expenses, compared to a profit of US$30 million in the prior half year. This reversal was mainly due to unrealized foreign exchange rate losses resulting from the strength in the US Dollar and also the absence of a fair value gain on the Group’s investment in an autonomous driving technology business that was recorded in the prior year.

Excluding costs related to the restructuring of the Group’s manufacturing footprint and non-cash items related to foreign currency movements, the net profit margin for the first half decreased to 4.4% compared to 5.8% in the first half of the prior financial year.

Johnson Electric’s financial condition remains sound with a total debt to capital ratio of 17% and cash balances of US$298 million as of 30 September 2022.

Interim Dividend

The Board has today declared an interim dividend of 17 HK cents per share, equivalent to 2.18 US cents per share (2021/22 interim: 17 HK cents per share). The interim dividend will be payable in cash with a scrip alternative where a 4% discount on the subscription price will be offered to shareholders who elect to subscribe for shares. The Board has further been informed that the controlling shareholder of the Company intends to subscribe for its entire eligible allocation of shares under the scrip dividend alternative. Full details of the scrip dividend alternative will be set out in a circular to shareholders.

The interim dividend will be payable on 18 January 2023 to shareholders registered on 6 December 2022.

Corporate Development and Acquisitions

In September 2022, the Group acquired the remaining 20% equity interest it did not already own in Halla Stackpole Corporation, an Asia-focused powder metallurgy business with a strong presence in China and Korea. On becoming a wholly-owned subsidiary of the Group, the business is being further integrated into the Stackpole Powder Metal business unit to realize additional operating synergies. As the automotive market transitions to electric vehicles, lighter-weight components produced using powder metal technology are expected to play an increasingly important role in delivering greater energy efficiency and improved performance compared to conventional forged or die cast metal counterparts.

In October 2022, after the closing of the financial statements for the first half, the Group also completed the acquisition of an 80% equity stake in Pendix GmbH, an established, technology-driven player in the fast-growing electric bike (“e-bike”) sector. Based in Zwickau, Germany, Pendix designs, manufactures, and brings to market complete electric cargo bikes and electric drives for bicycles. By combining Pendix’s technology and application expertise with Johnson Electric’s industrial scale and resources, the acquisition provides an exciting platform from which to build a strong and differentiated presence in the European e-bike market.

Chairman’s Comments on the Half-Year Results and Outlook

Commenting on the results, Dr. Patrick Wang, Chairman and Chief Executive, said, “Johnson Electric’s financial performance in the six-month period ended 30 September 2022 was mixed. Sales grew at a healthy double-digit rate in constant currency terms despite ongoing supply constraints and increasing economic uncertainty in several end markets. At the same time, the exceptional strength of the US Dollar compared to other major currencies had a negative impact on both reported sales and operating margins. Combined with higher raw material costs and other operating cost increases, this resulted in significantly reduced earnings attributable to shareholders during the period.”

“With inflation in much of the world at a four-decade high, Europe’s economies shaken by an energy crisis and a war, and China persisting with highly-restrictive pandemic control measures, it is difficult not to foresee a challenging near-term outlook for global manufacturing businesses.”

“As noted earlier, the impact of weaker consumer confidence has already been felt in several of IPG’s product applications and is necessitating a review of costs and a reduction in capital investment in some segments. In the North American and European automotive sectors, the supply chain constraints that have dominated the industry in recent months can be expected to gradually improve, but end-customer demand may also begin to soften as interest rates rise and consumers turn increasingly cautious. The near-term outlook for China’s automotive sector will more likely hinge largely on whether the government adopts new policies to address the pandemic and stabilize the property market. APG’s business unit management is thus prioritizing cash generation, cost containment, and accelerating the rationalization of some product lines based on strict return on capital criteria.”

“A deteriorating macro-economic environment is not new territory for Johnson Electric and the business has a number of fundamental strengths that have enabled us to navigate our way through past recessions and market disruptions successfully. These include, firstly, recognized market leadership across a broad range of motion technologies that are critical enablers for increased electrification, lower emissions, improved safety, and greater controllability. Second, we serve a large and diverse customer base that is relatively evenly distributed across the three major economic regions. Third, the Group’s operating footprint has continued to expand and evolve to ensure that those customers can always rely on Johnson Electric for its speed of response and security of supply. And fourth, we have long track record of disciplined financial management.”

Dr. Patrick Wang further commented, “Therefore, looking beyond the near-term uncertainties, shareholders should feel confident that the Company remains soundly positioned to grow share and improve profitability in a widening range of high-growth applications for innovative motion technologies.”

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: .

Forward Looking Statements

This news release contains certain forward looking statements with respect to the financial condition, results of operations and business of Johnson Electric and certain plans and objectives of the management of Johnson Electric.

Words such as “outlook”, “expects”, “anticipates”, “intends”, “plans”, “believe”, “estimates”, “projects”, variations of such words and similar expressions are intended to identify such forward looking statements. Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results or performance of Johnson Electric to be materially different from any future results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding Johnson Electric’s present and future business strategies and the political and economic environment in which Johnson Electric will operate in the future.

Yingli Pharma Announces NMPA Approval of New Anti-cancer Drug Linperlisib

The first highly selective PI3Kδ inhibitor in China

SHANGHAI, CHINA Media OutReach 9 November 2022Shanghai Yingli Pharmaceutical Co., Ltd. (the “Company” or “Yingli Pharma“) is pleased to announce that linperlisib, trade name因他瑞®, a novel phosphoinositide 3-kinase delta (PI3Kδ) inhibitor, has been approved by the National Medical Products Administration (NMPA) of China on November 9 for the treatment of relapsed/refractory follicular lymphoma (R/R FL) in patients who have received 2 or more prior systemic therapies. The NDA approval validates Yingli Pharma’s strong innovation capabilities and fulfills the company’s objectives to bring new treatment options to patients and their families.

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[Photo: NMPA Approval of linperlisib]

Yingli Pharma has entered into strategic partnership with Jiangsu Hengrui Pharmaceuticals Co., Ltd. (“Hengrui Pharma”), a leading pharmaceutical company with well-established oncology sales and marketing network, to commercialize因他瑞® in China.

A safe and effective treatment choice for FL patients

Linperlisib is a next generation phosphoinositide 3-kinase delta (PI3Kδ) inhibitor independently developed by the Company. PI3Kδ plays a key role in the tumor immune cell proliferation and survival, making it a potent target for non-Hodgkins lymphomas. Treatment options for R/R FL patients, a major form of non-Hodgkins lymphoma, are extremely limited in China. In 2020, linperlisib was awarded NMPA Breakthrough Therapy status for the treatment of R/R FL in China. In addition, it received U.S. Food and Drug Administration (FDA) Orphan Drug Designations for FL, Chronic lymphocytic leukemia/ small lymphocytic lymphoma and T cell lymphoma.

In the pivotal R/R FL Phase II clinical trial in China, linperlisib-treated patients had an 79.8% overall response rate, a 96.6% disease control rate, a median Time to Response of 1.9 months, a median Progression Free Survival of 13.4 months, Duration of Response of 12.3 months and a 91.4% overall survival rate at 12 months1. Linperlisib was well-tolerated with a differentiated and manageable safety profile, with low immune-mediated toxicities. In the linperlisib-treated patient safety dataset of the pivotal study, the most common (>15%) non-hematologic treatment related adverse events (TRAE) (Any Grade/ Grade3) were hypertriglyceridemia (25%/3%), ALT elevation (19%/2%), AST elevation (15%/2%), diarrhea (15%/2%), and pneumonia (15%/15%). The most common (>5%) hematologic TRAEs (Grade3) were neutropenia (15%), leukocytopenia (5%), and lymphocytopenia (5%).

“We are pleased to provide a new treatment option for patients with R/R FL with the approval of linperlisib. As linperlisib is the first innovative drug independently developed by Yingli Pharma, the NDA approval is a significant milestone”, said Dr. Xu Zusheng, General Manager and President of R&D of Yingli Pharma, “We would like to thank the patients, clinicians, and scientists for their generosity and great effort in the clinical development of linperlisib. It is a convenient once daily oral drug which demonstrated favorable safety, promising efficacy and great patient compliance. Yingli Pharma looks forward to in-depth collaboration with Hengrui Pharma to bring forth a full commercialization of 因他瑞® and extend the clinical development into additional indications.”

Dr. Lianshan Zhang, Deputy General Manager and President of Global R&D of Hengrui Pharma, said, ” We are delighted with the NDA approval of linperlisib (因他瑞) for R/R FL. This approval is an important step for Hengrui Pharm to build a strong hematology franchise with an enriched pipeline. As Hengrui Pharma focuses on patient-centered R&D and innovation, we will continue to evaluate new indications for linperlisib, and combinations with the company’s existing products to potentially benefit more patients.”

1. Lugui Qiu et al. 2022EHA.Abstract 1119

Hashtag: #YingliPharma

About Yingli Pharma

Shanghai Yingli Pharmaceutical Co., Ltd. is a technologically innovative biopharmaceutical company founded in 2011 and located in the National Biomedical Industry Base of Shanghai Zhangjiang InnoPark. With the Chinese government promotion of healthcare reforms, the Chinese pharmaceutical industry has gradually transformed to include the biopharmaceutical sector of innovation. The NDA approval of linperlisib is a significant milestone for this national effort and demonstrates the Company’s strong innovation capability for drug development. Yingli Pharma has established a rich and independently-developed pipeline of novel oral agents for oncology and metabolic diseases. The Company has more than ten drugs under development, including more than 100 independent intellectual property rights, with three of the investigational agents in clinical stage in China and abroad.

For more information, please see:

Laos is One of National Geographic’s Top Five Spots for Slow Travel in 2023

Image by wirestock on Freepik

After selecting Laos as one of the 25 most breathtaking places one should visit in 2023, the popular magazine has curated a new list that features the country once again.