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ETHW DAO, an Extraordinary DAO Organization, is going to start its IEO Event

GEORGE TOWN, CAYMAN ISLANDS – Media OutReach – 2 September 2022 – Recently, ETHW DAO, the Extraordinary DAO Organization Relying on Coin-up, announces its first round of IEO from 2pm, September 1 to 2pm September 10 (GMT+8), Users can participate in by logging into Coin-up. Aiming to provide scalable technical, financial and community support for the continuation of ETHPOW to continue the POW consensus mechanism. $ETHDA will serve as an incentive token to form an economic closed loop in the internal and external ecology of ETH.

After a whole year of in-depth exploration, ETHW DAO launches a revolutionary alternative of metaverse by innovatively combining 2 emerging technologies, Metaverse and Dao, empowered by Web3 construction, where rights for the people, by the people.

Based on the principle of democratic autonomy, ETHW DAO has set up a unique reputation token mechanism, which is a set of contribution criteria based on which reputation metrics are created. Community members can earn their Reputation Tokens (NFTs) by crowd funding, voting, providing research reports, and completing tasks. Members can exercise corresponding rights that match their reputation metrics. This means that personal contributions should be the true measure of the governing rights for the community.

ETHW DAO community members are divided into 3 segments. The first segment is called Original DAO, in which members are granted a certain amount of private placement at the beginning of the project. The members of Original DAO are to become the highest level of decision-making. The second segment is made up by ETHW DAO Token holding member, which is the segment that can make initial proposals for the organic ecology to be built in the future. And the third segment is constitute of sub-DAO members, which links to global resources.

Under the governance principles based on Reputation Tokens, ETHW DAO creates a Community Token Mechanism based on ERC20 protocol to create a complete economic model, called Community Tokens, $ETHDA, which have been issued in the amount of 200,000,000.

Of $ETHDA, 9% of the tokens are given to start-up contributors for outstanding community projects and 11% of the tokens are given to ETHW DAO Labs for outstanding community members. This aims to motivate all community residents to proactively contribute to its building. 45% of $ETHDA is used for circulation within the internal ecosystem; 15% of $ETHDA is used for sales; 15% is used for liquidity; and the remaining 5% is used for private placement.

Based on this economic model, ETHW DAO has established an NFT mechanism to facilitate the circulation of $ETHDA, where each community builder will be distributed an NFT in the future. These NFTs can be traded in NFT marketplace once all 10,000 NFTs are activated. Long-term NFT holders will receive NFT as interest on their earnings.

ETHW DAO prospects to be the organization that helps people in the real world connect to the metaverse and unleash the creativity of the metaverse by developing quantum computing tools, integrating virtual land and NFT, and creating a hyper ledger. In the world built by ETHW DAO, rights of the people, for the people, and members of ETHW DAO community in the metaverse will be empowered by the democratic self-governing philosophy of DAO.

Hashtag: #ETHWDAO

Cambodian Government Upset with Beauty Pageant Costumes

Two controversial costumes.

The Cambodian government has expressed displeasure at Miss Grand Cambodia over the outfits worn by the contestants of the beauty pageant.

Virtuos Launches Co-Development Studio Calypte in North America

Calypte aims to bring expertise in distributed development, accelerated career paths and exposure to diverse AAA video game titles to talent in the Bay Area

SINGAPORE – Media OutReach – 1 September 2022 – Virtuos, a leading global game development company, today announced the launch of Calypte – a Virtuos Studio, its co-development and first full-service studio in North America covering all aspects of video game production including art, design, and engineering.

Based in the Bay Area, Calypte’s proximity to a major game development hub enhances collaboration between Virtuos and its partners through stronger alignment on project requirements and shorter turnaround time. Leveraging Virtuos’ established distributed development model, scale, and expertise, partners will be provided round-the-clock support to deliver bigger games in faster iterations – which is essential to meeting the growing consumer demand for high-quality live content.

Kirsten Kennedy, Studio Director of Calypte - a Virtuos Studio
Kirsten Kennedy, Studio Director of Calypte – a Virtuos Studio

Calypte is led by Studio Director Kirsten Kennedy. An award-winning producer, Kirsten brings with her over two decades of experience in the game industry, which includes 14 years in development production and four years in publishing production. Some notable AAA game franchises she has worked on include The Walking Dead, Sid Meier’s Civilization, and Grand Theft Auto. As part of the Virtuos North America team, she will work alongside Jake DiGennaro, General Manager, North America at Virtuos.

Building upon Virtuos’ success in operating virtually throughout the pandemic period, Calypte is a new concept studio that promotes flexible working. Its employees are encouraged to work from anywhere – at home, in the office, or in a hybrid manner. The studio will also host employees from Virtuos’ 12 other studios worldwide, allowing for integration and interoperability across the company’s global network. Additionally, Calypte’s strategic location in the Bay Area allows it to leverage the region’s expertise in game development, storytelling, and technology.

Jake DiGennaro, General Manager, North America at Virtuos said, “We saw the opportunity to bring Virtuos’ values and expertise in distributed game development to the Bay Area. With the launch of Calypte, we look to provide alternative and accelerated career paths with opportunities to work on diverse AAA games. We also remain dedicated to creating an inclusive environment that fosters and embraces creative endeavors – and ultimately, the making of great games.”

Kirsten Kennedy, Studio Director, Calypte said, “I’m excited to be joining the Virtuos family and am honored by the trust that Jake and the team have in me to steer our growth in North America. From the concentration of gaming studios in the region to the diverse pool of highly-skilled and experienced gaming talent, the Bay Area is a fantastic place to grow our studio.”

The establishment of Calypte marks Virtuos’ fourth expansion this year alone, starting with the acquisition of Volmi in Kyiv. That was followed by its scaling up in Southeast Asia with the acquisition of Glass Egg in Ho Chi Minh City and the official launch of Virtuos Kuala Lumpur. In 2020, Virtuos expanded in North America with the acquisition of CounterPunch in Los Angeles and the establishment of Virtuos Montreal.

Hashtag: #Virtuos #Calypte

About Virtuos

Founded in 2004, Virtuos is a leading global video game development company headquartered in Singapore with studios across Asia, Europe, and North America. With over 3,000 full-time professionals, Virtuos specializes in game development and art production for AAA consoles, PC, and mobile titles, enabling its partners to generate additional revenues and achieve greater operational efficiency.

For over a decade, Virtuos has successfully delivered high-quality content for more than 2,000 projects and its clients include 18 of the top 20 digital entertainment companies worldwide. More information at .

LEONINE Studios and Wiedemann & Berg Film reveal first look on Milli Vanilli biopic GIRL YOU KNOW IT’S TRUE

  • Lead actors are Tijan Njie as Robert Pilatus and Elan Ben Ali as Fabrice Morvan
  • Matthias Schweighöfer stars as Milli Vanilli producer Frank Farian
  • Writer and director is multi award-winning filmmaker Simon Verhoeven
  • Produced by Quirin Berg and Max Wiedemann, producers of the Academy Award® winning feature film THE LIVES OF OTHERS, the two-time Academy Award® nominated NEVER LOOK AWAY, and the groundbreaking Netflix Original Series DARK

LOS ANGELES, US – Newsaktuell – 1 September 2022 – European major LEONINE Studios reveals first look on its international biopic GIRL YOU KNOW IT’S TRUE, produced by Wiedemann & Berg Film.

(L-R) Elan Ben Ali as Fabrice Morvan and Tijan Njie as Robert Pilatus in GIRL YOU KNOW IT'S TRUE; © LEONINE Studios/Wiedemann & Berg Film/Denis Pernath
(L-R) Elan Ben Ali as Fabrice Morvan and Tijan Njie as Robert Pilatus in GIRL YOU KNOW IT’S TRUE; © LEONINE Studios/Wiedemann & Berg Film/Denis Pernath

After a year of intense casting in five countries, newcomers Tijan Njie from Germany and Elan Ben Ali from France are set to portray the lead roles of the Milli Vanilli frontmen Robert Pilatus and Fabrice Morvan, the top-charting pop and R&B duo. Matthias Schweighöfer (Christopher Nolan’s “Oppenheimer”, “Heart of Stone”, “Army of the Dead”) is starring as German music producer Frank Farian. The cast also includes Graham Rogers (“Ray Donovan”, “The Kominsky Method”, “Atypical”) as Milli Vanilli’s US assistant Todd and Bella Dayne (“Humans”, “Troy – Fall of a City”) as Milli, Farian’s right-hand.

Matthias Schweighoefer as Frank Farian in GIRL YOU KNOW IT'S TRUE; © LEONINE Studios/Wiedemann & Berg Film/Gordon Timpen
Matthias Schweighoefer as Frank Farian in GIRL YOU KNOW IT’S TRUE; © LEONINE Studios/Wiedemann & Berg Film/Gordon Timpen

The film is centered around the true story of the notorious scandal involving dancers Robert Pilatus’ and Fabrice Morvan’s rise to fame in the late 1980s as pop sensation Milli Vanilli. Orchestrated by music producer Frank Farian, they became global stars with three No. 1 hits in the US. But only a small circle of insiders know that the duo is not singing but lip syncing to the voices of two other artists. At the height of their fame, Milli Vanilli win the Grammy Award but the situation behind the scenes escalates and the pressure on Rob and Fab grows. When the truth is revealed, they stare into the abyss while the world witnesses one of the biggest scandals in music history.

Multi award-winning filmmaker Simon Verhoeven is directing, based on his original screenplay GIRL YOU KNOW IT’S TRUE. Quirin Berg and Max Wiedemann, producers of the Academy Award® winning film THE LIVES OF OTHERS, the two-time Academy Award® nominated film NEVER LOOK AWAY and the groundbreaking Netflix Original Series DARK are producing. Producer Kirstin Winkler (“2012”, “10,000 BC”, “Anonymous”) is overseeing production.

Principal photography takes place in Munich and Berlin (Germany), Capetown (South Africa) and Los Angeles (USA). Filming will wrap in December 2022. The film follows a true language approach and is shot almost entirely in English. The title echoes Milli Vanilli‘s 1989 break-out hit GIRL YOU KNOW IT’S TRUE, originally written by the US Hip-Hop group Numarx and later covered by successful music producer Frank Farian.

Kevin Liles, member of Numarx, legendary co-founder and CEO of music company 300 Entertainment is executive producing alongside co-producers Simon Verhoeven, Frank Farian and Stefan Gärtner. Associate producers are Jasmin Davis, daughter of the late John Davis, and Brad Howell, who were the true voices of Milli Vanilli and invaluable consultants in the development phase. Carmen Pilatus, sister of the late Rob Pilatus, Milli Vanilli’s former assistant Todd Headlee, and Ingrid Segieth aka Milli, Frank Farian’s right-hand, are also attached as associate producers.

Writer and director Simon Verhoeven says: “GIRL YOU KNOW IT’S TRUE is captivating on so many levels. It not only tells the spectacular rise of two underdogs making it to the zenith of showbiz within one summer, it also gives a fascinating glimpse behind the scenes of that illusory world of fame and its sometimes tragic and unscrupulous machinations. Personally, I think Rob and Fab did not deserve to become the sole scapegoats of this scandal.”

Quirin Berg, Chief Creative Officer and Chief Production Officer of LEONINE Studios: “GIRL YOU KNOW IT’S TRUE comes from the heart of a decade when MTV planted its flag on the moon and we were able to see music, not just listen to it. Our film celebrates Rob and Fab and what they achieved with Milli Vanilli and at the same time Simon’s fantastic screenplay also captures the complexity and ultimately tragic dimension that came with it. He offers not just an immensely entertaining take on the story but also a layer of critical reflection that asks many questions which seem more relevant today than ever. It took many years to secure the music rights and it’s a huge milestone to see this project in production now.”

The film is produced by LEONINE Studios and Wiedemann & Berg Film, in co-production with Sentana Film, SevenPictures and Mediawan. The production is financially supported by German Federal Film Fund (DFFF), FilmFernsehFonds Bayern, German Federal Film Board (FFA), Medienboard Berlin-Brandenburg, MFG Baden-Württemberg and Bayerisches Staatsministerium für Digitales. All rights are with LEONINE Studios.

Independently from LEONINE Studios’ feature film, US entertainment company MRC is producing a documentary on Milli Vanilli, directed by Luke Korem. Korem also serves as a producer via his Keep on Running Pictures. Bradley Jackson and Fulwell 73 also produce. Hanif Abdurraqib will executive produce. Quirin Berg, Max Wiedemann, Simon Verhoeven and Kirstin Winkler are serving as associate producers on this documentary project as well.

– Pictures are available at AP Images (http://www.apimages.com) –

Hashtag: #LEONINEStudios

Fosun International Demonstrates Resilience in its Interim Results and Receives “Buy” Ratings from Goldman Sachs, Morgan Stanley

HONG KONG SAR – Media OutReach – 1 September 2022 – On 1 September 2022, after Fosun International Limited (HKEX stock code: 00656, “Fosun International”), together with its subsidiaries (“Fosun” or the “Group”) announced its 2022 interim results on 30 August, Goldman Sachs, Morgan Stanley, Daiwa Capital Markets and CICC issued research reports and unanimously assigned “Buy” or “Overweight/Outperform” ratings to Fosun International.

The interim results show that in the first half of the year, Fosun achieved sustainable growth in its revenue, continued to develop in technology and innovation and strengthen its globalization strategy, its funds remained stable, and its capital structure continued to be optimized, demonstrating the resilience of sustainable development. Although the Group’s net profit in the first half of the year was affected by the pandemic, rising commodity raw material prices and fluctuations in the capital market, many major banks believe that the Group’s performance was in line with market expectations, and they are unanimously optimistic about Fosun International’s stock.

Goldman Sachs reiterated its “Buy” rating on Fosun International with a target price of HK$11.2 in its latest research report. Goldman Sachs believes that Fosun International in the first half of the year continued to maintain steady revenue growth, up 18% year-on-year. Although the profits of the Health and Wealth segments fell year-on-year due to investment losses dragged by market fluctuations, the loss of the Happiness segment narrowed significantly, mainly due to the strong recovery of overseas tourism business. The report pointed out that Fosun is committed to a balanced investment and divestment strategy, continues to optimize the capital structure, has sufficient liquidity and cash on hand with a stable leverage ratio, and actively manages liquidity and financing cost. It has also strengthened cooperation with two major banks, ICBC and HSBC China recently, highlighting its advantages in credit metrics management and allowing it to seize potential investment opportunities in the market. Goldman Sachs therefore believes that Fosun International is recently trading at a low level, sees high potential in Fosun International and maintained its “Buy” rating.

Morgan Stanley expressed that although Fosun International’s net profit fell in the first half of the year, it was within expectation, and reiterated its “Overweight” rating with a target price of HK$11.4. The firm pointed out Fosun’s financial position is solid, with ample and increased cash position. As of the end of the reporting period, the company’s cash, bank balances and term deposits increased by approximately RMB21.0 billion to RMB117.65 billion, covering 45% of its total consolidated debt position; the debt to capital ratio was 56.8%. It believes that the Group’s balance sheet still largely stable.

Daiwa Capital Markets also reiterated its “Buy” rating on Fosun International with a target price of HK$10.8. Daiwa Capital Markets believes that Fosun International’s performance in the first half of the year is in line with the firm’s expectations, and expects Fosun’s debt to be optimized continuously. As of the end of the reporting period, the debt to capital ratio was 56.8%, and the Group’s average financing cost was at a low level of 4.5%. The firm expects that Fosun’s key financial indicators to be further optimized over the period from 2022 to 2025, and expects the Group to steadily lower debts year on year, extend the duration of debts duration, increase the dividends from subsidiaries, and control headquarter overheads, thereby steadily optimizing the Group’s credit indicators. The firm expects Fosun to continue to optimize its asset portfolio, and dispose “non-strategic and non-core” assets in a timely fashion to improve its cash and liquidity position, allowing it to weather macro and market fluctuations. In addition, the firm expects that with the improved market sentiment, and benefiting from Fosun’s diversified business portfolio and global presence, Fosun International will continue to demonstrate the resilience of sustainable development. Therefore, the firm remains optimistic about Fosun International and assigned a “Buy” rating on Fosun International.

In addition, CICC reiterated its “Outperform” rating on Fosun International, with a target price of HK$8.50 in its research report. CICC believes that Fosun International’s main businesses achieved steady growth, and pointed out that Fosun has continuously strengthened the management of investments and divestments to strike a balance, improved the capital structure and enhanced liquidity. In the first half of the year, Fosun completed the disposal of Tsingtao Brewery and continued to promote the balance between investments and divestments. CICC believes that the asset divestments carried out by Fosun are all non-core secondary market positions, which will not affect the business structure, and will optimize the capital structure and help strengthen the financial position.

The interim results announced on 30 August shows that in the first half of 2022, Fosun’s total revenue reached RMB82.89 billion, representing an increase of 17.7% over the same period in 2021; enterprise operation profit reached RMB2.33 billion, representing an increase of 35.5% year-on-year; investment in technology and innovation amounted to RMB4.6 billion, representing an increase of 21% year-on-year.

Fosun has been steadfastly fulfilling its mission of “creating happier lives for families worldwide”, strengthening its presence in four business segments: Health, Happiness, Wealth and Intelligent Manufacturing. It is also one of the few companies in China which has global operation and investment capabilities and has accumulated profound technological innovation capabilities. Fosun maintained a stable leverage ratio, high risk tolerance with its multi-currency debts and stable debt maturity, and it is in a healthy financial position. At the interim results presentation held on 31 August, the management of Fosun International said that after entering the second half of the year, thanks to the Group’s long-term adherence to profound industry operations, the financial and operational indicators of companies in multiple segments have rapidly shown signs of a steady recovery.

Hashtag: #Fosun

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

About Fosun

Founded in 1992, Fosun is a global innovation-driven consumer group dedicated to providing high-quality products and services for families around the world in Health, Happiness, Wealth, and Intelligent Manufacturing segments. In 2007, Fosun International Limited was listed on the main board of the Hong Kong Stock Exchange (stock code: 00656.HK). As of 30 June 2022, Fosun International’s total assets amounted to RMB849.7 billion. Fosun International ranks No.589 on the 2022 Forbes Global 2000 List, with a MSCI ESG rating of AA.

Suicide Bombing by Drug Dealer Kills 3 Cops in Luang Prabang

Three police were killed in suicide bombing.

Four people including three police officers died in Viengkham District following the arrest of a drug dealer earlier on Thursday.

Laos and Cambodia Military Chiefs Meet to Celebrate 66 Years of Diplomatic Ties

Lieutenant General Hun Manet and Khamliang Outhakaysone, Deputy Minister of National Defence and Chief of the General Staff of the Lao People’s Army, salute honour guards in Vientiane Capital on 30 August (HUN MANET VIA FACEBOOK).
Lieutenant General Hun Manet and Khamliang Outhakaysone, Deputy Minister of National Defence and Chief of the General Staff of the Lao People’s Army, salute honour guards in Vientiane Capital on 30 August (HUN MANET VIA FACEBOOK).

Military personnel from the two countries will continue to cooperate in issues pertaining to border security and humanitarian assistance in the region. 

Dee Sao Lao To Debut As First Lao Pro MMA Fighter

The Laotian Times interviews boxer and Muay world champion Dee Sao Lao, who will make her debut in Koh Lat, Thailand, this Saturday as the first professional Lao MMA fighter fighting out of Laos.