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Pattern Sees Accelerated Growth During Singles’ Day for Second Consecutive Year

Double 11 GMV for the company rose 180% year-over-year, outperforming the market and setting revenue records in China for its partner brands.

HONG KONG SAR – Media OutReach – 24 November 2022 – Pattern, the category leader for global ecommerce acceleration, recently closed another successful Singles’ Day sales event—driving accelerated growth for its partner brands during the world’s largest online shopping festival.

Pattern’s total gross merchandise value (GMV) in China during the 2022 Singles’ Day sales period was up 180% over the previous year—outperforming the market, which saw comparable GMV generated during Singles’ Day 2022 to the previous year.

Throughout the event, Pattern analysts observed strong demand for high-quality foreign products—a signal that Chinese shoppers are continuing to pursue quality over price. Health-related products, in particular, saw elevated demand driven by consumer preferences for prioritising personal health.

“A robust Double 11 sales event demonstrates the resilience of China’s economy, especially in the face of global economic headwinds, COVID-19 outbreaks, and supply chain disruption,” said Pattern Chief International Officer Chris Vincent. “As the second-largest economy in the world, China continues to be one of the most exciting opportunities for Western brands to expand their customer bases and drive growth.”

Pattern’s unique business model, local expertise, and patented ecommerce acceleration technology were all factors in the company’s 2022 Singles’ Day success. Partner brands that have been trading with Pattern in China for more than a year experienced an 88% uplift in sales year over year, on average, with many seeing their products in the top 10 of their respective categories.

“There’s nothing we love more than helping brands accelerate their growth, especially during a massive sales event like 11.11,” said Pattern Asia General Manager Arthur Cheung. “The strong result we delivered during Singles’ Day speaks to our relentless drive to support our brand partners in adapting to China’s unique ecosystem—leveraging a mixture of on and off-platform advertising, live streaming, influencer marketing, and localised content that resonates with Chinese shoppers.”

As the ecommerce and marketplace accelerator of choice for hundreds of consumer brands, Pattern acts as a trade partner and master distributor in key markets. The company is in the top 5% of all authorised Tmall trade partners, is one of the largest Amazon sellers in the world, and supports brands to accelerate sales on hundreds of critical marketplaces— including JD.com, Lazada, Shopee, Coupang, and eBay.

Pattern manages every aspect of a brand’s marketplace presence while providing actionable-data transparency and real-time visibility of key success metrics. Unlike other trade partners in the region, Pattern leverages a stock-buy model that creates uniquely aligned incentives and synergies that are proven to drive accelerated growth on Tmall and across hundreds of global marketplaces.

In addition, Pattern’s consulting team helps brands navigate the increasing complexity of online commerce—leveraging the latest data science to uncover opportunities for growth in China and throughout the Asia-Pacific region.

To learn how Pattern’s ecommerce acceleration platform can supercharge your brand’s ecommerce growth in China and beyond, please visit pattern.com/hk-en

Hashtag: #Pattern

About Pattern

Pattern is the category leader for global ecommerce and marketplace acceleration in China and beyond. Since its founding in 2013, Pattern has profitably grown to more than 1,200 employees operating from 22 global locations. Hundreds of global brands depend on Pattern’s ecommerce acceleration platform every day to drive profitable revenue growth on D2C websites and across hundreds of global marketplaces—including Tmall, JD.com, Lazada, Shopee, and Coupang. To learn more, visit or email press@pattern.com

《GBA Outstanding Women Entrepreneur Awards 2022》 Award Presentation Ceremony

The elite women lead the way

HONG KONG SAR – Media OutReach – 23 November 2022 – The “Greater Bay Area Outstanding Women Entrepreneur Awards 2022” presentation ceremony was held successfully earlier at the Grand Hyatt Hong Kong, 28 women entrepreneurs with outstanding career achievements and significant contributions to the development of the Greater Bay Area (GBA) were presented with the “GBA Outstanding Women Entrepreneur Award” (15 winners), “GBA Outstanding Young Women Entrepreneur Award” (7 winners) and “GBA Outstanding Caring Women Entrepreneur Award” (5 winners). The highest honor, “GBA Outstanding Women Entrepreneur Award – Supreme Honourable Winner”, went to Ms Shirley Chan Suk-ling, Vice Chairman of YGM Trading Limited and Director of Yangtzekiang Garment Limited.

28 women entrepreneurs with outstanding career achievements and significant contributions to the development of the Greater Bay Area (GBA) were presented with the

28 women entrepreneurs with outstanding career achievements and significant contributions to the development of the Greater Bay Area (GBA) were presented with the “GBA Outstanding Women Entrepreneur Award”, “GBA Outstanding Young Women Entrepreneur Award” and “GBA Outstanding Caring Women Entrepreneur Award” at The “Greater Bay Area Outstanding Women Entrepreneur Awards 2022” Presentation Ceremony.

The “GBA Outstanding Women Entrepreneur Awards” is co-organized by the Hong Kong Small and Medium Enterprises Association and Metro Finance, with over 40 supporting organizations. The objectives of the event are to recognize the courageous and innovative spirit of female entrepreneurs and their contributions to various industries, as well as to the economic and social developments of the GBA area. The organizers also hope that the exchange and interactions among the awardees would further facilitate the advancement of various industries and set a role model for the young generation, inspiring them to showcase their capabilities and take part in the development of the GBA.

Ms Shirley Chan Suk-ling, the recipient of

Ms Shirley Chan Suk-ling, the recipient of “GBA Outstanding Women Entrepreneur Award 2022 – Supreme Honourable Winner”, is a leading figure in the garment industry with a distinguished record of public service.

With over 100 women entrepreneurs nominated this year, the competition of the award is very keen. The judging panel, comprising more than 10 prominent figures from the political and business sector; academia; public organizations and professional bodies, made the assessment based on five criteria: Enterprise management and development; Industry influence and achievement; Contribution for the GBA development; Corporate social responsibility and Personal reputation and recognition. All the winners are leaders in their respective fields and can be justly proud of their achievements.

Mr Michael Cheuk Hau-yip, PDSM, JP, Under Secretary for Security of the Hong Kong Special Administrative Region (HKSAR), was the guest-of-honour of the award presentation ceremony. He praised the commitment of the organizers in fostering the development of GBA and offered his heartiest congratulations to all the awardees. Mr Cheuk also urged the community to “stay connected with the development of our country, capitalize the opportunities made available by industrial transformation in the GBA and work together with the HKSAR Government to foster a prosperous future for GBA”.

Ms Shirley Chan Suk-ling, the recipient of “GBA Outstanding Women Entrepreneur Award – Supreme Honourable Winner”, is a leading figure in the garment industry. Not only she manages a number of international fashion brands, but Ms Chan also passionate about community services and has a distinguished record of public service. She said in the ceremony that she personally witnessed the rapid development of GBA, which was a very significant market for Hong Kong because of their similarities in cultural background, weather, taste and fashion trends. She hoped and remarked that “Hong Kong’s economy will regain its momentum and we all will tell the good stories of Hong Kong.”

Since its debut in 2018, over 400 women entrepreneurs have been nominated for the “GBA Outstanding Women Entrepreneur Awards”. In the past five years, about 150 elite entrepreneurs have been awarded respectively with the “GBA Outstanding Women Entrepreneur Award”, “GBA Outstanding Women Entrepreneur Award in Family Business”, “GBA Outstanding Young Women Entrepreneur Award” and “GBA Outstanding Caring Women Entrepreneur Award”. The awardees came from 16 sectors, including food and entertainment, technology, environmental protection, healthcare, finance and real estate, transportation and logistics, education and arts, hotel and tourism, watch and jewelry, e-commerce and manufacturing etc.

When the organizers first launched the “Outstanding Women Entrepreneur Award”, the theme was “To foster a prosperous future for GBA through leading women entrepreneurs who embrace both strengths and soft power”. In order to ensure the sustainability of this original intention, the organizers in 2019, with the support of the first batch of awardees, steered the establishment of the “Greater Bay Area Hong Kong Women Entrepreneurs Association”. Joined by the awardees of subsequent years, the Association, through various activities and workshops, facilitates the connection of various industries, fosters collaboration among Guangdong, Hong Kong and Macao. During the pandemic, the Association has staged a number of charity events for the benefits of the community.

GBA Outstanding Women Entrepreneur Awards 2022
List of Judges
1. Professor K C Chan, GBS, JP, Adjunct Professor and Senior Advisor to the Dean at HKUST Business School

2. Dr Haywood Cheung, The President of New Territories General Chamber of Commerce and President, Chinese Gold & Silver Exchange

3. Ms. Margaret Fong, Executive Director, Hong Kong Trade Development Council

4. Professor Witman Hung, JP, Hong Kong Deputy to 13th National People’s Congress (NPC) and Principal Liaison Officer for Hong Kong, Shenzhen Qianhai Authority

5. Ms Sophia Kao, GBS, JP, Director, Bay Area Hong Kong Center

6. HON Jeffrey Lam, GBS, JP, Executive Council Member and Legislative Council Member

7. Professor William Leung, GBS, JP, Chairman of Legal Aid Services Council

8. Ms Shuyan Li, President of Shenzhen Association of Women Entrepreneurs, PRC

9. Ms Vivian Lin, Chief Operating Officer, Hong Kong Productivity Council

10. Dr Katherine Ngan, MH, JP, President, May Cheong Group and Court Chairman, The Hong Kong Polytechnic University

11. Ms Pauline Ngan, BBS, JP, Hong Kong Delegate to the National People’s Congress and Deputy Chairman & Managing Director, Mainland Headwear Holdings Ltd

12. Dr Stanley Yim, BBS, JP, President, Hong Kong Justice of the Peace Association

13. Ms Carrie Yu, Senior Advisor, Consumer Markets Industry, PwC

(The list is arranged in alphabetical order by surname)

GBA Outstanding Women Entrepreneur Awards 2022 Award
List of Awardees

I. GBA Outstanding Women Entrepreneur Award – Supreme Honourable Winner

Ms Shirley
Chan Suk Ling

Vice Chairman of YGM Trading Limited and
Director of Yangtzekiang Garment Limited


II.
GBA Outstanding Women Entrepreneur Award

1.

Ms Jasmmine Wong

Inchcape Greater China

2.

Ms Grace Yu Ho Wun

Credit Suisse

3.

Ms Lam Kwai Chi

1 Consultancy & Management Limited

4.

Ms Ko Wing Chi

Hafina Rose Diamond Limited

5.

Ms Queenie Chan Lei Man

Little Cave Workshop Limited

6.

Ms Chan Ping Shan

Po Tak Lee Enterprise Limited

7.

Ms Chan Wai Ling

Chan Kan Kee Limited

8.

Ms Wong So Fun

Zenlan Biological Technology Limited

9.

Ms Yeung Kit Shun

Greater Bay Area Media Group Limited

10.

Ms Alice Yeung Wing Yee

Sky Gallery International Group Limited

11.

Ms Judy Yip

German Life Global Limited

12.

Ms Catherine Chau Chung Wing

Multiple Brain Science & Technology

13.

Ms Siu Ching Yu

CHKMED Limited

14.

Ms Daphene Lo Chung Mei

Meiga Health Holdings Limited

15.

Ms Angel Tam

Media360 Asia Limited

III. GBA Outstanding Young Women Entrepreneur Award

1.

Ms Diana Wong

Charming Jewellery Limited

2.

Ms Coco Chun Ching Man

Infinite Engineering HK Limited

3.

Ms Jennifer Cheung Nga Ting

In Heart Employment Agency Limited

4.

Ms Twiggy Chan Cheuk Ki

Boaz International Education Institute Limited

5.

Ms Chan Yick Wai

Optical Easy, Draco OPTICAL Limited

6.

Dr Cheng Wai Yin

King Dragon International Group Limited

7.

Ms Celine Tse Wai Ling

Xaris Academy Limited

IV. GBA Outstanding Caring Women Entrepreneur Award

1.

Ms Mary Suen

Chief Happiness Officer Association Limited

2.

Mrs Rebecca Choy Yung

Golden Age Foundation

3.

Ms Leung Lai Kam

General Best Corporation Limited

4.

Ms Pang Lai Ming

Lisa Pang International Program Limited

5.

Ms Noletta Chiu Siu Fung Medialink Group Limited

Hashtag: #HongKongSmallandMediumEnterprisesAssociation #MetroFinance #GBAOutstandingWomenEntrepreneurAward #GBAOutstandingWomenEntrepreneurAward2022 #GBAOutstandingWomenEntrepreneurAward-SupremeHonourableWinner #GBAOutstandingYoungWomenEntrepreneurAward #GBAOutstandingCaringWomenEntrepreneurAward #GBA #Entrepreneur

MOSTown x Garden to Present Hong Kong First–ever “MOST-Fun Christmas City”

First Giant 4.5m Height Chocolate Finger Christmas Tree
Life Bread Time Shuttle Exhibition Hall & Spring Onion PopPan Game
Over 100 exhibits to witnessing the historical change of HK bakery industry
HCOINS members enjoy exclusive activities
Garden Christmas Wreath Recycling Workshop

HONG KONG SAR – Media OutReach – 23 November 2022 – Christmas is coming with full of anticipation. This Christmas, Ma On Shan MOSTown is specially cooperating with the well-known local bakery brand “Garden” to present Hong Kong First –ever “MOST-Fun Christmas City” to create the most unforgettable festive memories for your family with love! From 19th November, 2022 to 2nd January, 2023, there will be different Garden classic products features in the venue, including HK tallest 4.5m “Chocolate Finger Christmas Tree”, 3m high “Life Bread Truck” and giant Spring Onion Pop Pan. The Life Bread Truck is transformed into a Garden Time Shuttle Exhibition Hall, where hundreds of classic packaging, promotional materials, production tools, boutiques, and other historical items of Garden from different eras are exhibited. These products witness the changes of baking history in different eras, which will definitely bring you a lot of interesting memories. There will also be special themed interactive games, such as a Christmas treasure hunt with Christmas-themed shopping and dining privileges, an eco-friendly Christmas wreath DIY workshop, and gift redemption exclusively for H.COINS members. By the classic photo-taking booth, exhibition hall, fun games, and rich privileges, this Christmas, MOSTown sincerely invites you to enjoy and share the most fun holiday time!

-FUN-.JPG

Garden’s classic food photo-taking booth brings endless memory in “Taste”

Garden has been dedicated to producing bakery products for more than 90 years, committing to offering healthy and tasty food for everyone every day. This Christmas, Garden will land on MOSTown L2 Atrium, and create a “MOST-Fun Christmas City”, regaining our childhood memories with Garden’s classic products. There will be a 4.5m high Christmas tree designed by various flavors of chocolate fingers and Spring Onion Pop Pan in 3m high. Simply take photos and LIKE on social media, Shoppers may win Garden’s new revamped popular biscuits. In addition, LifeBread is also transformed into a 3m high giant Life Bread Truck as an exhibition hall, exhibiting a hundred pieces of Garden’s historical exhibits, allowing the public to witness the growth of Garden. Cooperating with the Hong Kong Federation of Women’s Centre, the Christmas tree ornaments are handmade Christmas ornaments by using Garden’s disposed packing materials which will add a strong festive atmosphere. There will also be baking theme games for H.COINS members and customers to participate to enjoy the warmth in this Christmas winter!

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4.5m tall Chocolate Finger Christmas Tree

Rewinding Garden’s by 90 years, MOSTown Exhibition Hall has more than 100 exhibits witnessing the historical change of bakery

Come to join a Garden time shuttle! Many items are exhibited for the first time, including the tools, packaging, advertisement, etc. bringing everyone back to decades, exploring the experience and transformation of Garden and understanding Hong Kong’s classic bakery brand.

Garden will also first exhibit the first-generation Life Bread in blue & white checkered packaging in 1960; 4 editions of Garden’s model car series with unique certificate numbers in 2001, and the kids must have Super Star Ice Pop, etc. in limited time.

There are also “Star logo” biscuits boxes in the 1930s and 1940s; pattern candy cans of different themes from the 1950s and 1960s; “Moon Cake Club” installment leaflet in the 1950s; the first mooncake tins and the advertisement poster of Garden’s snacks in 1960s. All of them are full of historical value. So don’t miss it!

Christmas baking interactive game with unlimited festival fun

Customers can participate in the “MOST-Yummy Christmas interactive game“, to win the Garden snack bag or designated merchant coupon by appointed spending. In addition, H.COINS members can participate in MOST-Fun Ho Ho Ho! Christmas game“, to win merchant coupons, and Garden classic snacks!

  1. MOST-Yummy Christmas interactive game
  1. MOST-Fun HoHoHo! Christmas game
PERIOD 19th Nov 2022 to 2nd Jan 2023
TIME 12nn – 9pm
LOCATION L2 Redemption Counter
HOW TO JOIN Shoppers with a same-day e-spending of $300 or above and redeem a game ticket at L2 Redemption Counter. HCOINS member LIKES MOSTown’s Facebook can free to join
PRIZES Wining appointed merchant coupons, or a Garden classic snack pack Wining appointed merchant coupons, or a Garden classic snack pack

*On a first come first served basis, while stocks last. Gifts will be given on a random basis.

MOST-FUN Check Point to get Garden’s new packaging product for free

There are 3 main photo-taking spots for check-in. Upload to Instagram with #MOSTown #Garden and follow “MOSTownhk” to get a pack of Garden tasty snack! (While stocks last)

ABOUT “MOSTown MOST-Fun Christmas City“:

PERIOD 19th Nov 2022 to 2nd Jan 2023
TIME 12nn – 9pm
LOCATION MOSTown L2 Atrium (MTR MA ON SHAN EXIT B)

HCOINS members enjoy exclusive activities, redeem gifts by collecting stamps. Free registration with welcoming gifts

H.COINS members can participate “Christmas Treasure Hunt” exclusively. Simply scan the QR code at the participating merchants, and collect 3 stamps to get a pack of “Garden Christmas Snack Pack”. Besides, a “Garden Christmas Wreath Recycling Workshop” for members and their friends to the DIY wreath with Garden’s recycling materials. Registering as a member of H.COINS and LIKE MOSTown’s Facebook to get Garden’s classic snack for free (While stocks last). In addition, the existing H.COINS members can join “MOST -Reward Stamp Collection“, H.COINS members can receive 1 exclusive e-stamp for every $250 (1st Wave) or $400 (2nd Wave) e-spending at MOSTown upon successful registration for H.COINS with the machine-printed receipts issued by the merchant and the corresponding electronic payment slip on the H.COINS mobile app or at the L3 Concierge. Members with 3 exclusive e-stamps can redeem a complimentary Christmas premium to accompany you through this Christmas with warmth.

HCOINS Member Exclusive Privileges

Christmas Treasure Hunt*

H.COINS members simply scan the QR code at the participating merchants in different categories, and collect 3 different categories of stamps to get a pack of “Garden Chocolate finger”.

PERIOD 19th Nov 2022 to 2nd Jan 2023
TIME 12nn – 9pm
LOCATION L2 Redemption Counter

*On a first come first served basis, while stocks last

# Participating Merchants (Names not listed in order)

Zeppelin Hot Dog Ingrid Millet POP-UP STORE
Takumi Yarna Emperor Cinemas Twinkle Baker Décor
Premier Food O’Farm Bossini
Her Own Words Tristan Noodle Limited Herbs
TONOMOLY Wai Yuen Tong FANCL
MIOGGI Sa Sa LUCULLUS
Maxcare GIORMANI Micro Planet

Garden Christmas Wreath Recycling Workshop *

DIY your unique Christmas wreath using disposed packaging materials from Garden to bring an environmentally friendly and special heartwarming Christmas for everyone.

REDEMPTION DATE 19th Nov or while stock lasts
REDEMPTION TIME 12nn – 9pm
WORKSHOP DATE 26th Nov, 3rd ,10th, 17th Dec 2022
WORKSHOP TIME 3pm – 4pm
REDEMPTION LOCATION L2 Redemption Counter
HOW TO JOIN H.COINS members with a same-day e-spending of HK$600 or above (max 2 merchants’ electronic receipts), will be eligible to redeem 2 peers workshop quota once.

* On a first come first served basis, while stocks last


MOST-Christmas Stamp Collection for H
COINS Member to Redeem Garden Special Gift

1st Wave 2nd Wave
PERIOD 19th Nov – 4th Dec 2022 5th Dec 2022 – 2nd Jan 2023
LOCATION L2 Redemption Counter
DETAILS With a single electronic receipt of $250#, uploading via H.COINS mobile app or visiting the concierge on L3, registering a merchant printed receipt with an equivalent electronic transaction and earning COINS successfully, to get 1 designated electronic stamp. With 3 stamps to redeem:

  1. Garden adults & kids Blue & White checkered Apron set (50 sets)

OR;

  1. Christmas Snack Pack (450 sets)

With a single electronic receipt of $400#, uploading via H.COINS mobile app or visiting the customer service on L3, registering a merchant printed invoice with an equivalent electronic transaction and earning Coins successfully, to get 1 designated electronic stamp. With 3 stamps to redeem:

  1. Garden Toaster (100 sets)

OR;

2. Garden Mini Oven (100 sets)

OR;

  1. Garden Adults & kids Blue & White checkered Apron set + Garden Ceramic Plate (150 sets)

OR;

  1. Garden Ceramic Plate + Christmas Snack Pack set (90 sets)

#Each valid set of printed invoice and electronic receipt are maximum of 2 e-stamp sets

*On a first come first served basis, while stocks last

#MOSTown #Garden #ChristmasFunCity

ABOUT “MOSTown MOST-Fun Christmas City“:

PERIOD 19th Nov 2022 to 2nd Jan 2023
TIME 12nn – 9pm
LOCATION MOSTown L2 Atrium (MTR MA ON SHAN EXIT B)

For High-res photos, please download: http://bitly.ws/wVAd

MOSTown Website :https://www.mostown.com.hk
MOSTown Facebook :https://www.facebook.com/mostownhk
MOSTown Instagram :@mostownhk

ATTACHMENT

MOSTown Garden Time Travel Exhibition

Over 100 exhibits to show the history of Bakery in HK

  1. 1st Lift Bread Packaging (First Time to Exhibit)

The first generation of Garden Lift Bread was launched in 1960s. This is the packaging design. The product was the first to add vitamins and minerals, and features blue and white checkered wax paper packaging to keep bread fresh and hygienic. Today, the checkered of Life Bread is still iconic of the Garden.

  1. 4 types of Garden Delivery Trucks (First Time to Exhibit)

In 2001, in order to celebrate the 75th anniversary of Garden, a special edition of previous Garden truck models was launched with total of 4 models. The tailgate of each model car can be opened, and each truck has a unique certificate number, which is of great commemorative value. At that time, the redemption response was enthusiastic, and it was very popular among consumers and collectors.

  1. Super Star Ice Pop (First Time to Exhibit)

In 1979, Garden established an ice cream factory and launched a variety of ice cream products. The classic “Super Star” ice cream pop, with 3 layers of flavors and rainbow chocolate chips was very popular.

  1. Star Logo Biscuit Tins

Garden Biscuit tins from the 1930s to 1940s were modeled on the company’s vehicles. the star logo on the can was the Garton brand logo at that time. “BUY IT BAKED” was the advertising slogan emphasizing freshly baked bread and biscuit.

  1. Candy Can

In the 1950s to 1960s, Garden’s assorted candy were mainly aimed at children, with different themes and patterns, including small round cans in the shape of a post box, and others with beach laughter, ocean, flowers, etc.

  1. Tin Mooncake

Garden started producing mooncakes in the 1950s. It was also the first in Hong Kong to use tins as the packaging for mooncakes. The theme of the packaging design was “Beautiful Flowers and the Full Moon” to express the good reunion of people.

  1. Mooncake Club

In 1959, Garden offered customers a monthly installment payment with a discount for the “Mooncake Club”, as not everyone could afford the one-off expenditure at that time. The moon cakes were handmade with limited production.

  1. Poster

A variety of promotional posters from 1960s, including life bread, Chinese New Year candies, pop pan, gala crackers, etc. Each poster is full of features with slogan and product.

For High-res Photo, please download︰ http://bitly.ws/wVAg

Hashtag: #MOSTown

ABOUT MOSTown

MOSTown’s shopping arcades, boasting 735,000 sq. ft. with ample parking and being directly atop a transport interchange connected to the Ma On Shan MTR Station, MOSTown offers the convenience of shopping, dining, entertainment and lifestyle all under one roof. The Atrium with its glass ceiling especially add a magical flavour to this most vibrant hub of Ma On Shan.

About H•COINS Membership Loyalty Program

H*COINS is an integrated customer loyalty program covering 7 Henderson malls, including MCP CENTRAL & MCP DISCOVERY, MOSTown, KOLOUR * Tsuen Wan, KOLOUR * Yuen Long, Shatin Centre * Shatin Plaza, Trend Plaza and Square Mile. With more than 1,000 merchants and year-round member exclusive privileges from over 400 merchants. Accumulate points for spending at participating malls, and redeem a wide array of exciting gifts and rewards including the Henderson malls e-coupon. Priority receiving the latest mall promotion news and updates. Details, please visit www.hcoins.com.hk.

ANOUT Garden

Founded in 1926, Garden has been dedicated to offering happiness into everyone’s life through a bakery for the past 90 years. Today, we are still persisting with our paramount values in quality, innovation, and advancement. Garden is currently one of the largest and most advanced bakery food companies in Hong Kong. It has already reached the international level in terms of production technology, quality, output, and market development.

Hong Kong’s top-ranked innovative companies announced at Corporate Innovation Index Awards Presentation and Forum 2022

WeLab Bank, HSBC and Hang Seng Bank named three top-ranking corporations

HONG KONG SAR – Media OutReach – 23 November 2022 – The Corporate Innovation Index (CII) Awards Presentation Ceremony and Forum 2022 was held today at Cheng Yu Tung Building in the Chinese University of Hong Kong (CUHK) to honour the top-ranked innovative corporations and SMEs in 2022.

CUHK-CII-PR-Photo-Ceremony.jpg

Guests of Honour Commissioner for Innovation and Technology Ms. Rebecca Pun Ting-ting (2nd from left) and Legislative Council Member (Technology and Innovation Constituency) the Hon Duncan Chiu (2nd from right) officiated at the CII Awards 2022 Ceremony together with CUHK Vice-Chancellor and President Professor Rocky S. Tuan (3rd from left) and CUHK Business School’s Dean Professor Zhou Lin (3rd from right), APIB’s Executive Director Professor Cheung Waiman (1st from left) and Mr. Patrick Lee, HKGCC’s Smart City Working Group Convener (1st from right).

Commissioner for Innovation and Technology Ms. Rebecca Pun Ting-ting and Legislative Council Member (Technology and Innovation Constituency) the Hon Duncan Chiu were invited as guests of honour to officiate and present awards at the ceremony, together with CUHK Vice-Chancellor and President Professor Rocky S. Tuan and CUHK Business School’s Dean Professor Zhou Lin.

CUHK-CII-PR-Photo-CII-20.JPG

Representatives from the top 20 CII Constituent Companies awarded the CII Awards 2022 Certificates.

In response to the Hong Kong government’s mission to develop Hong Kong into an innovation hub, the Asia-Pacific Institute of Business (APIB), the executive education arm of CUHK Business School, launched CII in April 2021, with The Hong Kong General Chamber of Commerce (HKGCC) as a strategic partner. The project is initiated by APIB’s Executive Director Professor Cheung Waiman and is funded by the Innovation and Technology Commission (ITC) of the Hong Kong government under the General Support Programme (GSP).

With the aim of energising Hong Kong’s economy with innovation in the digital age, CII is designed to provide an innovation management and assessment tool that helps promote innovation culture, enhance innovation capabilities and recognise achievements in technology adoption among large corporations and SMEs in Hong Kong.

It recruited more than 200 companies to undertake the CII 2022 survey questionnaire, which examined their innovation performance during 2021. The companies come from a wide range of industries, including retail, trading and logistics, manufacturing, tourism and hospitality, business and professional services, financial services and fintech, property, construction and proptech, information, technology and communication, healthcare and biotech.

Speaking at the awards presentation ceremony, Professor Rocky S. Tuan said, “Innovation, sustainability, and social responsibility are at the heart of CUHK’s vision and mission. We seek to become an agent of positive change in knowledge, attitudes and practices in relation to innovative and sustainable development of Hong Kong and elsewhere, and we believe that there is plenty of room and opportunities for the University to collaborate with the industry and the Government. Today, we are thrilled to unveil the inaugural ‘Hong Kong Corporate Innovation Index’ to celebrate the achievements of the top-ranked companies, as well as to inform policymakers on the current trends of innovation in the Hong Kong corporate landscape for the advancement of the innovation and technology ecosystem in Hong Kong.”

Congratulating APIB on its successful inaugural CII, Ms Rebecca Pun said, “Innovation and technology (I&T) provides key impetus for Hong Kong’s high‑quality economic development. We will further enhance the I&T ecosystem and re‑industrialisation. Particularly, we will introduce a new funding scheme, namely, the ‘Research, Academic and Industry Sectors One-plus Scheme’, ‘RAISe+ Scheme’ in short, in the coming year to provide funding on a matching basis for research teams in universities which have good potential to become I&T start-ups, so as to encourage more collaboration among industry, academic and research sectors to drive the ‘1 to N’ transformation of outstanding R&D results and the tech industry development.”

The Hon Duncan Chiu added, “I would like to express my heartiest congratulations on the success of the Corporate Innovation Index Awards Presentation Ceremony and Forum 2022. This event provided those aspiring to drive innovation and transformation with a unique exchange experience where creativity is encouraged, expertise in application of technology is cultivated, and enterprises’ attainment of excellence and innovation is recognised.”

Professor Zhou Lin remarked, “By introducing the first-of-its-kind corporate innovation index in Hong Kong, we hope to extend our culture of innovation to the wider community and create a network of cross-sector experts in business innovation.”

Top 20 CII Constituent Companies and 25 Star Award SMEs in 2022 were honoured at the ceremony. WeLab Bank, HSBC and Hang Seng Bank were awarded the top three innovative corporations for achieving the highest scores in the CII 2022 survey. [For the CII 2022 top-ranked constituent companies and star award SMEs, please refer to appendix 2.]

The forum was divided into two sessions, one for corporations and the other SMEs, Lessons Learnt from Making Innovative Enterprises and SMEs Achieving Innovation Key Success Factors and Overcoming Challenges in Hong Kong. CUHK Business School’s Associate Professor of Practice in Management Professor Toa Charm and Associate Professor of Practice in Entrepreneurship Professor Dominic Chan, CUHK’s Faculty of Engineering Professor of Practice in Financial Technology Professor CK Chan, and HKGCC’s Smart City Working Group Convener Mr Patrick Lee jointly moderated the forum. When addressing at the Forum, Mr Patrick Lee said, “We have embarked on an important journey to identify the success factors of innovation for companies big and small.”

CII online assessment tools, guidebooks and a series of seminars and workshops are now available to help companies rev up their innovation practice. Meanwhile, CII has launched its 2023 Survey; recruitment of participants is already in progress. For details, please visit: https://exed.bschool.cuhk.edu.hk/join-cii/

APPENDIX

Corporate Innovation Index 2022 Ranking

Corporate Innovation Index 2021-2022 CII Constituent Companies:
• WeLab Bank (1st)
• The Hongkong and Shanghai Banking Corporation Limited (2nd)
• Hang Seng Bank (3rd)
• Amazon Web Services Hong Kong Limited (4th)
• YOOV Internet Technology (HK) Limited (5th)
• Prenetics Global Limited (6th)
• Tricor Hong Kong (7th)
• Esquel Group (8th)
• Arup (9th)
• Midland Holdings (10th)

(Companies ranked 11-20, in alphabetical order)
• China State Construction Engineering (Hong Kong) Limited
• FUJIFILM Business Innovation Hong Kong Limited
• Gammon Construction Limited
• Hong Kong Air Cargo Terminals Limited
• Hutchison Telecommunications Hong Kong Holdings Limited
• Lalamove
• MTR Corporation
• New World Development Company Limited
• SenseTime Group Limited
• The Hongkong Electric Co., Ltd.

APPENDIX

CII 2022 SME Star Ranking:

Three-Star Award SMEs: (7) – in alphabetical order
• Asia Top Loyalty Limited
• beNovelty Limited
• BioMed Technology Holdings Limited
• Carbon World Limited
• Provista Technology Limited
• RaSpect Intelligence Inspection Limited
• ShipAny Limited

Two-Star Award SMEs: (6) – in alphabetical order
• Frutodor Limited
• iASPEC Technologies Limited
• Koln 3D Technology (Medical) Limited
• Royal Learning Group Limited
• Venture Global Limited
• Wizpresso Limited

One-Star Award SMEs: (12) – in alphabetical order
• Animae Technologies Limited
• Digital Oasis Limited
• Eco Enrich Company Limited
• Foresee Information Technology Co. Limited
• Hai Kang Life Corporation Limited
• Hong Kong Virtual Asset Exchange
• Oriental Machine Tool Co. Ltd
• Rice Robotics Limited
• SyZyGy Limited
• TESS Asia Limited
• ubiZense Limited
• Wessen Group Limited

Hashtag: #CUHKBusinessSchool

About Corporate Innovation Index

In response to the Hong Kong government’s call to develop Hong Kong into the innovation hub of the region, APIB of CUHK Business School has established conceptual framework of corporate innovation for Hong Kong in the digital age, developing a set of measurement matrices called the Corporate Innovation Index (CII). It will recruit hundreds of large corporations and SMEs to participate in the CII ranking annually. CII aims to promote awareness and the importance of innovation among Hong Kong corporations in the fast-changing, digital age; recognise top-ranked innovative companies and help participating companies to benchmark against and learn from industry leaders; strengthen the innovation capabilities of Hong Kong corporations and business leaders through education and training; and inform policymakers on the state of and current trends in corporate innovation in Hong Kong to facilitate the formulation of public policies that advance the sustainability, competitiveness and reputation of Hong Kong companies locally and internationally. CII is funded by the Innovation and Technology Commission (ITC) of the HKSAR, under the General Support Scheme (GSP).

For more details, please visit:

About CUHK Business School

CUHK Business School comprises two schools – Accountancy, and Hotel and Tourism Management – and four departments: Decision Sciences and Managerial Economics, Finance, Management, and Marketing. Established in Hong Kong in 1963, it was the first business school to offer BBA, MBA and Executive MBA programmes in Asia. Today, CUHK Business School offers 10 undergraduate programmes and 20 graduate programmes, including MBA, EMBA, MAcc, MSc, MPhil, DBA and PhD. The school currently has more than 4,600 undergraduate and postgraduate students from more than 20 countries and regions.

In the Financial Times Executive MBA Ranking 2022, CUHK’s EMBA was ranked 24th in the world. In Financial Times Global MBA Ranking 2022, CUHK’s MBA was ranked 50th. CUHK Business School has the largest number of business alumni (more than 40,000) among universities and business schools in Hong Kong – many of whom are business leaders.

Henderson Land Achieves Double Platinum Certification on WiredScore and SmartScore for Its Flagship Commercial Project, The Henderson

HONG KONG SAR – Media OutReach – 23 November 2022 – Henderson Land Development Company Limited (“Henderson Land” or “the Group”) (Stock code: 12), has been awarded Double Platinum Certification for technology in real estate for The Henderson, the Group’s highly anticipated flagship commercial landmark at Murray Road, Central. The project has secured both WiredScore and SmartScore Platinum certifications in recognition of its outstanding digital connectivity and advanced smart technology.

Caption
Henderson Land Development Company Limited has been awarded Double Platinum Certification for technology in real estate for The Henderson

The Henderson is among the first commercial projects in Hong Kong to have obtained such certifications, which is a reflection of the Group’s unwavering dedication to providing first-class digital connectivity and exceptional smart building standards. The Henderson has been designed and engineered to provide the best workplace experience for its tenants at the heart of Hong Kong’s vibrant central business district. As the epitome of the Group’s mission to set world-class standards of sustainability and innovation, The Henderson is now on par with global landmarks such as the Shard in London and the Empire State Building in New York which has also received these prestigious Platinum certifications.

Rated against the pioneering architectural projects around the world based on the WiredScore Certification system (including resilience, tenant experience, mobile, choice of providers and future readiness), The Henderson has been awarded the highest Platinum certification for its high resiliency level on telecommunication services with TGT’s Glass-in-Gas technology, high-speed ring connection backbone and unique triple lead-in design. The smart and human-centered design features of The Henderson also earned the highest level of recognition in the SmartScore Certification system, which measures the technological capabilities of a building and its ability to provide its users with an exceptional experience.

The Henderson is highly sought-after by businesses that share the Group’s vision of embracing forward-thinking design and technology to enhance sustainability and workplace quality. With its state-of-the-art innovative and sustainable design, The Henderson is well positioned to provide the most comfortable environment with world-class facilities. A dedicated tenant platform, Integrated Tenant Experience Analytic Platform (ITEAP), has been established to ensure tenant-centric smart building experiences, in which its defined data schema and optimized analysis models enable near real-time interaction between building operators, tenants and the assets. The insightful analytics on user behaviour provides a basis to deliver tailored services and adaptive customer experiences for tenants to enjoy. This data will be visualised as a dashboard so that senior management can monitor The Henderson‘s ESG performance and also respond in real time to property operations.

To ensure close attention to the health and wellbeing of the tenants, Internet of Things (IoT) sensors are installed throughout The Henderson to enable seamless monitoring of the building environment so that optimal performance in indoor climate and air quality can be maintained. The extensive use of fault-predicting artificial intelligence and smart designs are all rooted in the commitment of The Henderson to provide the best support for flourishing businesses around the clock, fulfilling the needs of globalised business trends throughout the day in a resilient and stable manner. A multi-purpose, intelligent tenant mobile app harnessed with the power of artificial and emotional intelligence, as well as multi-language support, will also enable thoughtful user experiences to enrich the lives of the tenants.

Commenting on the accreditations, Kristine Li, Senior Deputy General Manager of Portfolio Leasing Department of Henderson Land, said, “We are thrilled to achieve both WiredScore and SmartScore Platinum for The Henderson, which are further recognition of our leadership in designing smart buildings and setting the standards of modern-day property development. In addition to our industry-first Landlord-Individual-Tenant (LIT) ESG Partnership Programme, these honours are an endorsement of the Group’s unstinting commitment to reshape the current landscape in the property sector and to champion industry-leading sustainable practices in Hong Kong.”

She continued, “The Henderson is the embodiment of our ambitions to build a future workplace that allows great ideas and smart business to flourish from within. Apart from international business leaders such as Christie’s and Carlyle who have already cast a vote of confidence by becoming The Henderson’s tenants, we welcome like-minded business pioneers and leaders in their respective industries to embark on a shared journey towards a sustainable future with us at The Henderson.”

Prior to these latest WiredScore and SmartScore Platinum certifications, The Henderson had already received numerous awards and accolades, including the Grand Award (New Buildings Category: Projects Under Construction and/or Design – Commercial) at Green Building Award 2021, as well as Platinum Pre-certification in both WELL Building Standard (WELL) and Leadership in Energy and Environmental Design (LEED).

Hashtag: #HendersonLand

About The Henderson

The Henderson is set to become a world-class architectural landmark of Hong Kong, “an icon amongst icons”. Located at Murray Road, Central, this new 465,000-square-foot super Grade-A office tower will be a showcase for health, resilience, smart technology and sustainability.

Designed by world-renowned Zaha Hadid Architects and equipped with a state-of-the-art, innovative and sustainable design, The Henderson echoes the organic beauty of the natural world, reinterpreting the structural forms and layering of a Bauhinia bud about to blossom.

With its high-tensile steel structure, The Henderson will cater for exceptionally wide, light-filled column- free open offices in its typical plans, which offer flexibility and an unseen level of collaboration for its tenants. The Henderson, which is expected to be completed in 2023, has already received numerous awards and accolades, including the Grand Award (New Buildings Category: Projects Under Construction and/or Design – Commercial) at Green Building Award 2021, Platinum Pre-certification in both WELL Building Standard (WELL) and Leadership in Energy and Environmental Design (LEED).

About Henderson Land Group

Founded in 1976 and listed in Hong Kong since 1981, Henderson Land Development Company Limited (Stock code: 12) is a leading property group with a focus on Hong Kong and mainland China. Henderson Land is carrying on its legacy into the future, curating a property portfolio that grows from strength to strength and encompasses award-winning landmark projects such as the International Finance Centre complex and The Henderson.

In addition to its core business in property development and property investment, the Group also holds strategic investments in two listed subsidiaries (namely, Henderson Investment Limited and Miramar Hotel and Investment Company, Limited) and two listed associates (namely, The Hong Kong and China Gas Company Limited, which in turn has equity stakes in a listed subsidiary, Towngas Smart Energy Company Limited, and Hong Kong Ferry (Holdings) Company Limited).

Henderson Land has a long-term commitment to sustainability and is a pioneer in green building and sustainable practices which harness innovation and technology to create new, smarter living. The Group is a strong advocate of social responsibility and invests in a broad range of community causes and initiatives. For more information, please visit www.hld.com.

Laos Sends Message of Condolence to Indonesia

Prime Minister Phankham Viphavanh

Prime Minister Phankham Viphavanh has sent a message of condolence to Indonesian President Joko Widodo after an earthquake hit Indonesia’s main island of Java on Monday claiming hundreds of lives.

Two Lao-Americans Get Elected as Mayors in the United States

Xaykham Khamsyvoravong and Sheng Thao were selected as mayors of Newport and Oakland respectively.
Xaykham “Xay” Khamsyvoravong was unanimously chosen as mayor of Newport, Rhode Island and Oakland City Council Member Sheng Thao emerged as the mayor of the Californian city this month.

Li-FT to Acquire the Yellowknife Lithium Project, a Portfolio of 14 Significant Spodumene Pegmatites

Vancouver, British Columbia – Newsfile Corp. – 23 November 2022 – Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) (“Li-FT” or the “Company“) is pleased to announce that it has entered into an amalgamation agreement dated November 22, 2022 (the “Amalgamation Agreement“) with 1361516 B.C. Ltd. (the “Target), a private company holding a 100% interest in the Yellowknife Lithium Project (the “Project” or the “Properties“), whereby the Company will acquire all of the issued and outstanding shares of the Target (the “Transaction“).

The Yellowknife Lithium Project is comprised of mineral leases that cover the majority of the lithium pegmatites that make up the Yellowknife Pegmatite Province (“YPP“). The YPP has been noted to be one of the largest lithium resources in the Western world (Page, 1987 – Equinox Resources). Numerous spodumene-bearing pegmatites with strike lengths up to 1,800 meters and widths up to 40 meters outcrop in a spectacular fashion within the Project and are plainly visible from satellite imagery (Figures 2, 3, & 4). A list of pegmatites and their dimensions is detailed below in Table 1. The YPP also benefits from excellent existing infrastructure, including roads, rail and a skilled labour force that could support the development of this project.

Francis MacDonald, CEO of Li-FT, comments, “The Yellowknife Lithium Project is a tremendous opportunity to consolidate numerous lithium pegmatites that have the potential to be one of the largest hard rock lithium resources in North America. The Project was held privately for 35 years without having any exploration work completed at a time when lithium was not an exciting commodity. We look forward to completing an aggressive drill program to delineate the subsurface extent of the abundant lithium mineralization we see at surface.”

Transaction Highlights

  • Portfolio of lithium pegmatites which could produce the largest hard rock lithium resource in North America. The Yellowknife Project contains 14 different lithium pegmatite systems, most of which are visible in satellite imagery. Historic channel sampling has produced average grades from 1.10 – 1.59% Li2O over widths of 7 to 40 meters. Strike extents of pegmatites visible on surface are 100 to 1,800 meters (see Figure 2).
  • Transformative acquisition leading to resource development drilling. The Company plans to initiate an aggressive drill program once necessary permits are received to advance the Yellowknife Project towards a maiden resource estimate.
  • Advantageous location near railway. Railway access at the town of Hay River, located on the southern side of Great Slave Lake, can be utilized for shipping spodumene concentrate. Spodumene concentrate could be moved by barge from Yellowknife to the rail head or by all-weather road.
  • Road accessible. The Fi, Ki, and Hi minerals leases are located within 60 kilometers of the city of Yellowknife and are accessible from the asphalt-surfaced Ingram Trail, then by 10 kilometers along the Thompson-Lundmark mine access road. The BIG lease is located approximately 30 kilometres to the east of Yellowknife along the Ingram Trail, then five kilometers to the south along winter access trails.
  • $11,700,000 in cash. As of October 31, 2022, the Target had $11,700,000 in cash and cash equivalents.

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Figure 1 – Locations of the 14 lithium pegmatites within the Yellowknife Project which is located to the east of the city of Yellowknife, capital of the Northwest Territories.

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https://images.newsfilecorp.com/files/8766/145404_7133c933a40f7b9f_002full.jpg

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Figure 2 – Yellowknife lithium pegmatite outlines (all at the same scale). Pegmatite outlines are interpreted from satellite imagery, historic geologic mapping, and current geologic mapping completed in September, 2022.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8766/145404_7133c933a40f7b9f_003full.jpg

Project History

Lithium mineralization hosted in spodumene-bearing pegmatites of the Yellowknife Pegmatite Province (YPP) was first discovered in the 1940’s and intermittently explored through to the 1980’s. Canadian Superior Exploration Limited (CSEL), the exploration arm of Superior Oil, completed systematic mapping, spodumene crystal counts, blasting-trenching, channel sampling and diamond drilling in the area from 1975 to 1979. CSEL estimated an overall resource potential for the YPP of 49 million tons at an average grade of 1.40% Li2O1 (calculated to a vertical depth of 152m) of which 75% is located within the Yellowknife Project (Lasmanis, 1978). This estimate was not prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and was prepared prior to the current CIM Definition Standards for Mineral Resources and Mineral Reserves. Further, a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and the Company is not treating the historical estimate as current mineral resources or mineral reserves. Additional confirmation drilling will be necessary to achieve a resource estimate which will be compliant with the requirements of NI 43-101.The historical estimate should not be relied upon and there can be no assurance that any of historical resources, in whole or in part, will ever become economically viable.

Superior Oil was acquired by Mobil in 1984 which led to the divestment of the CSEL mineral properties and the claims holding the largest lithium pegmatites were transferred to a private company owned by the Target. In 1985, the private company entered into an option agreement with Equinox Resources Ltd. who collected bulk samples in 1987 for initial metallurgical testing. The results from initial metallurgical testing were positive and Equinox recommended a full feasibility study. Equinox was later acquired by Hecla Mining Company and the YPP lithium deposits reverted back to the private company. Since 1987, very little exploration work was completed on any of the pegmatites.

Cali Lease – Little Nahanni Pegmatite Field

In addition to the Yellowknife Project, the Target holds the Cali lease located in the Little Nahanni Pegmatite Field in the MacKenzie mountains in Northwest Territories near the Yukon border. The Little Nahanni Pegmatite Field has been noted to have greater than 275 complex rare element pegmatites over an area of 13 by 2.5 kilometers. CSEL also held the Cali pegmatite in the 1970’s which subsequently was acquired during the portfolio acquisition in 1983.

The Cali pegmatite was mapped by CSEL in 1977 and was described as outcropping over a 500 meter strike length, having a 300 meter outcropping vertical extent, and having up to 100 meter width. Panels of metasedimentary country rock occur within the spodumene-bearing pegmatite which has been described to have 60 meters of pegmatite dyke material. Float mapping suggests that the lithium-bearing dyke could be up to 1,200 meters in strike length.

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Figure 3 – Fi Main dyke view from a helicopter. Looking southwest.

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Transaction Details

The Transaction is an arm’s length transaction and will not result in a ‘fundamental change’, as such term is defined under the policies of the CSE, to the Company’s business. Under the terms of the Amalgamation Agreement, the Transaction will be completed by way of a three-cornered amalgamation under the Business Corporations Act (British Columbia), whereby, among other things:

  1. 1386798 B.C. Ltd. (“Subco“), a subsidiary of the Company created for the purposes of completing the Transaction, will amalgamate with and into the Target, with the amalgamated entity (“Amalco“) becoming a wholly owned subsidiary of the Company, and;
  2. each outstanding share of the Target (a “Target Share“) will be exchanged for 0.60 of a common shares of Li-FT (a “Li-FT Share“).

It is anticipated that 18 million Li-FT Shares, at a deemed price of $8.59 per share, will be issued pursuant to the Transaction based on the current capital structure of the Target. The Target is widely held with no control persons and no new insiders will be created in the Company as a result of the Transaction.

No finder’s fees are payable in connection with the Transaction. The Transaction is not expected to require the approval of the Company’s shareholders but will require the approval of the shareholders of the Target.

The Transaction is subject to a number of terms and conditions, including, but not limited to, receipt of third party consents of historical vendors, the approval of the shareholders of the Target, and the approval of the CSE and other applicable regulatory authorities.

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Figure 4 – Historic channel sampling completed by Canadian Superior Exploration Ltd. in 1975 over the Fi Main and Fi Southwest deposits (NWT Assessment Report 080282).

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Table 1 – List of lithium pegmatites and their dimensions within the Yellowknife Project mineral leases.

Li Pegmatite Length (m) Average Width (m) Mapped Surface Area (m2) Channel Sample Average Grade (Li2O %) Notes
Fi Main 1800 15 36,500 1.10 Linear dyke which branches into multiple sections for approximately 900m. Southern half not systemically channel sampled
Fi Southwest 900 20 24,000 1.30 Linear dyke which varies in width from 5 to 37m
Ki 600 12 8,700 1.40 Grade estimate based on detailed spodumene crystal counts averaging 20-25%
Hi (Shorty) 400 25 17,000 1.07 Linear dyke that is up to 40m wide
Big East 900 20 17,500 1.45 Pegmatite dyke swarm over 150m width; 20m average width of dykes within 150m corridor
Big West 1000 20 20,000 1.53 Pegmatite dyke swarm over 150m width; 20m average width of dykes within 150m corridor
Nite 900 7 8,700 1.46 Linear dyke ranging from 4 to 10m in width; average of 9m
Thor 600 300 26,000 1.59 Complex dyke swarm; visible surface area of spodumene pegmatites is ~25,000 m2
VO 9,000 1.48 Dyke swarm of seven individual dykes over an area of a 1,300m x 500m area
Bet 100 6 550 2.00 Historic tantalum mine, spodumene crystals up to 2m in length
Bin 125 12 1,300 1.75 Spodumene crystal percentages estimated to be >25% over the dyke
Hid 200 6 650 1.56 Discontinuous dyke; two 5 kg channel samples averaged 1.56% Li2O
Lens 100 12 1,200 1.97 Sub-vertically dipping dyke, spodumene crystals up to 50cm long
Mut 80 5 500 2.20 Spodumene crystals up to 30cm long; crystal counts between 25-35% spodumene
Grades and dimensions taken from the Northwest Territories Showing database (https://app.nwtgeoscience.ca/Searching/ShowingsSearch.aspx), as well has historic geologic maps produced by Canadian Superior Exploration during the 1970’s exploration campaign which are available in NWT assessment reports.

Information about the Target

The Target is a private company incorporated under the laws of the Province of British Columbia holding a 100% interest in and to the 14 mineral leases comprising the Project, located in the Northwest Territories. The Project is subject to a 2% net profits royalty and an overriding 2% gross production royalty (the “GORR”). The GORR shall also apply to all after acquired mineral interests of the leaseholder in the Northwest Territories, subject to adjustment as set forth in the agreement evidencing the GORR.

Qualified Person

Don Cummings, P.Geo (OGQ # 2183), independent consultant to Li-FT Power Ltd., Qualified Person under NI 43- 101 on standards of disclosure for mineral projects, has reviewed and approved the technical content of this release.

References

Yellowknife Lithium Pegmatite District

  • Lasmanis, R., (1978), Lithium Resources in the Yellowknife Area, Northwest Territories, Canada. Energy, Vol. 3 pp. 399-407.

Northwest Territories mineral exploration assessment reports can be found at: https://app.nwtgeoscience.ca/Searching/ReferenceSearch.aspx

Fi Main – Fi Southwest

  • NWT Assessment Report 080282 (1975) – Report on a Geological Survey of the Fi 2-7, 9-14 Minerals Claims, Yellowknife Area, NWT. Murray Morrison, Canadian Superior Exploration Ltd.
  • NWT Assessment Report 080958 (1979) – Report on the 1979 Trenching Program Performed on the Fi 2-7, 9-15 Mineral Claims, Yellowknife Area, NWT. Murray Morrison, Canadian Superior Exploration Ltd.
  • NWT Assessment Report 082495 (1987) – Report on a Bulk Sampling Program and Metallurgical Testing on the Fi and Ki Lithium Pegmatite Properties. Jay W. Page, Equinox Resources Ltd.

Ki

  • NWT Assessment Report 080274 (1975) – Report on a Geological Survey of the Ki 1-5 Minerals Claims, Yellowknife Area, NWT. Murray Morrison, Canadian Superior Exploration Ltd.
  • NWT Assessment Report 080834 (1978) – A Report on the 1978 Drilling Programme Performed on the Ki 1-5 Minerals Claims, Yellowknife Area, NWT. Murray Morrison, Canadian Superior Exploration Ltd.

Thor

  • NWT Assessment Report 080478 (1975) – Report on a Geological Survey of the Thor 1-13 Minerals Claims, Yellowknife Area, NWT. Murray Morrison, Canadian Superior Exploration Ltd.
  • NWT Assessment Report 080831 (1978) – A Report on the 1978 Drilling Programme Performed on the Thor 1-14 Minerals Claims, Yellowknife Area, NWT. Murray Morrison, Canadian Superior Exploration Ltd.

Hi

  • NWT Assessment Report 082128 (1986) – Sampling Report on the Shorty Claim Pegmatite Dyke, Hidden Lake Area, District of Mackenize, NWT. Mark Senkiw, Continental Pacific Resources Inc.
  • NWT Assessment Report 062264 (1987) – Sampling Report on the Shorty 1 Claim Pegmatite Dyke, Hidden Lake Area, District of Mackenize, NWT. Mark Senkiw, Continental Pacific Resources Inc.
  • NWT Assessment Report 082540 (1988) – A Summary of Geological and Diamond Drill Programs Completed on the Lithium-Bearing Shorty 1 Pegmatite Dyke. Douglas Bryan, Continental Pacific Resources Inc.

Big East – Big West

  • NWT Assessment Report 080273 (1975) – Report on a Geological Survey of the Big 1-13 Minerals Claims, Yellowknife Area, NWT. Murray Morrison, Canadian Superior Exploration Ltd.
  • NWT Assessment Report 080957 (1979) – A Report the 1979 Trenching Program Performed on the Big 1-13 Minerals Claims, Yellowknife Area, NWT. Murray Morrison, Canadian Superior Exploration Ltd.
  • NWT Assessment Report 082348 (1955) – Diamond Drill Report – Little Hidden Property, General Lithium Corporation.

Nite

  • NWT Assessment Report 080290 (1975) – Report on a Geological Survey of the Nite 1-3 and 5-7 Mineral Claims, Yellowknife Area, NWT. Murray Morrison, Canadian Superior Exploration Ltd.
  • NWT Assessment Report 080831 (1978) – A Report on the 1978 Drilling Programme Performed on the Nite 1-7 Mineral Claims, Yellowknife Area, NWT. Murray Morrison, Canadian Superior Exploration Ltd.

VO

  • NWT Assessment Report 080283 (1975) – Report on a Geological Survey of the VO 1-9 Mineral Claims, Yellowknife Area, NWT. Murray Morrison, Canadian Superior Exploration Ltd.
  • NWT Assessment Report 080833 (1978) – A Report on the 1978 Drilling Programme Performed on the VO 1-9 Mineral Claims, Yellowknife Area, NWT. Murray Morrison, Canadian Superior Exploration Ltd.

Cali

  • NWT Assessment Report 080685 (1977) – Preliminary Geological Survey of the Cali 1-9, 1 Mineral Claims, Cantung Area, District of Nahanni, NWT. Roy V. Beavon, Canadian Superior Exploration Ltd.

Cautionary Statement Regarding Forward-Looking Information

Certain statements included in this press release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward-looking statements including, among other things, that the Company intends to complete an aggressive drill program in respect of the Project and that the Project could produce the largest hard rock lithium resource in North America. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include, among other things, the possibility that the Company is unable to obtain the necessary permits to complete its proposed drill program, that the results of the drill program may be less favorable than anticipated, the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

______________________________
1Resource potential estimate is not NI 43-101 compliant. Tonnage estimate was made by projecting geologic contacts down to 500 feet (152 meters). Several of the pegmatites have been drilled down to this depth and have similar widths and grades as outcrops on surface. Estimates of grade were made by averaging channel sample results taken on surface.

About Li-FT

Li-FT is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties, specifically lithium pegmatite projects located in Canada. The Company currently controls 228,237 hectares of ground at its Rupert, Pontax, and Moyenne Projects which are prospective for hard rock lithium deposits.