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

HONG KONG SAR – Media OutReach – 13 July 2022 – This news release is made by Johnson Electric Holdings Limited (“Johnson Electric” or the “Company” and together with its subsidiaries, the “Group”) for the business operations and selected unaudited financial information of the Group for the three months to 30 June 2022.

The Group’s sales for the quarter ended 30 June 2022 were US$840 million compared to US$877 million for the same quarter in 2021, a decrease of 4%. Excluding the impact of currency movements and the acquisition of E. Zimmermann GmbH (“Zimmermann”), sales were flat at US$874 million.

Foreign exchange rate movements had a negative effect of US$37 million on the Group’s sales for the quarter. This was mainly due to the impact of weaker average exchange rates especially for the Euro, but also for the RMB and Canadian Dollar against the US Dollar, compared to the same quarter in 2021. The acquisition of Zimmermann, completed on 31 May 2021, increased sales by US$3 million.

Sales of Automotive Products Group (“APG”)

APG’s sales for the quarter ended 30 June 2022 decreased by US$20 million or 3% compared to the same quarter in 2021. Excluding currency effects and the acquisition of Zimmermann, APG’s sales increased by US$9 million or 1% in the quarter. This increase in underlying sales compared to a 4% decrease in global light vehicle industry production volumes in the quarter.

On a regional basis, APG’s sales also fared better than automotive industry production volumes, which were constrained by shortages of semiconductors, in all regions during the quarter. The sales changes by region, excluding currency effects and the acquisition of Zimmermann, were as follows:

  • Asia decreased 7%
  • Europe decreased 2%
  • Americas increased 15%

In Asia, COVID-related factory lockdowns in China adversely affected sales of powertrain cooling and powder metal products, although other areas such as closure and water pumps increased. In Europe, oil and water pumps, coolant valves and powder metal parts were strong, although sales of other products decreased due to a reduction in light vehicle production in the region. In the Americas, there was strength across many of our product lines.

Sales of Industry Products Group (“IPG”)

IPG’s sales for the quarter ended 30 June 2022 decreased by US$17 million or 8% compared to the same quarter in 2021. Excluding currency effects, IPG’s sales decreased by US$12 million or 6% in the quarter, with the following changes by regions:

  • Asia decreased 33%
  • Europe increased 7%
  • Americas increased 16%

Asia sales, which primarily represents goods invoiced to Asia-based OEMs and contract manufacturers whose end products are mostly destined to export markets, declined owing to the combination of supply chain disruptions caused by COVID lockdowns in China, ongoing shortages of semiconductor chips and other components, and a decline in demand for some “home-centric” products that had experienced an exceptional surge in sales during the pandemic. In Europe, sales grew in the beverage and lawn segments and, in the Americas, in the medical, ventilation and white goods segments, due to new business wins and increased demand.

Chairman’s Comments on First Quarter’s Sales Performance and Outlook

Concerning the first quarter’s sales performance and outlook for the current financial year, Dr. Patrick Shui-Chung Wang, Chairman and Chief Executive, said, “Johnson Electric delivered a satisfactory sales performance in the first quarter in the context of significant disruptions to global manufacturing supply chains, which included ongoing chip shortages in the automotive sector and COVID-related operational restrictions in China.”

“Looking forward, it is presently difficult to gauge the impact of the sharp increase in global inflation on consumer demand across the wide range of end markets we serve. In our Industry Products Group, we are seeing a reduction in order flow among some customer segments which experienced exceptionally strong sales for “home-centric” products during the pandemic. However, in the automotive sector and for some other industrial product applications, we are not presently experiencing any noticeable weakening in underlying demand and the key factor constraining sales growth continues to be shortages of semiconductors and other components. An additional headwind on the Group’s reported sales is the current strength of the US Dollar against the Euro, RMB and Canadian Dollar, which together constitute over half of the Group’s denominated sales.”

“Despite these external challenges, our business units continue to work collaboratively with customers to adjust prices to offset the surge in cost input increases experienced in the past year. Our global operating footprint and geographically diverse sales mix also provides Johnson Electric with strong foundations to navigate further potential volatility in the macro economy.”

Cautionary Statement

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

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

Hashtag: #JohnsonElectric

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

About Johnson Electric Group

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

GEODIS named a Leader in the 2022 Gartner® Magic Quadrant™ for Third-Party Logistics, Worldwide

LEVALLOIS-PERRET, FRANCE – Media OutReach – 13 July 2022 – For the 5th time in a row, GEODIS has been recognized by Gartner as a Leader in its Magic Quadrant for Third-Party Logistics, Worldwide report.

Every year, the Gartner Magic Quadrant report evaluates leading international third party logistics companies on their completeness of vision and ability to execute. Based on its research methodology, Gartner recognizes four types of providers: Leaders, Visionaries, Niche Players and Challengers. This Magic Quadrant can be used by supply chain leaders responsible for logistics to assess these 3PLs when considering outsourcing their logistics operations.

“GEODIS confirms its global leadership position, thanks to the most diverse portfolios of services on the market, 7.3 million sqm of warehouse space and a 46,000-strong workforce serving more than 165,000 customers. Our success as a company is directly tied to our engagement to support our clients in the management of their supply chain with end-to-end solutions while minimizing the environmental impact,” commented Marie-Christine Lombard, CEO of GEODIS.

GEODIS serves a wide range of vertical industries, including retail, FMCG, healthcare, industrial, high tech and automotive. In 2021, GEODIS achieved record revenue of €10.9 billion.
Hashtag: #GEODIS

Gartner Disclaimer

GARTNER and MAGIC QUADRANT are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GEODIS – www.geodis.com

GEODIS is a global leading transport and logistics provider recognized for its commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport), coupled with the company’s truly global reach thanks to a global network spanning nearly 170 countries, is reflected by its top business rankings: no. 1 in France and no. 7 worldwide. GEODIS employs over 44,000 people globally and generated €10.9 billion in revenue in 2021.

Laos to Face Thailand Following Winning Streak at AFF U-19 Youth Championship Football Tournament

Laos AFF U-19 Football Team
The Laos AFF U-19 National Football Team.

The Laos National U-19 Football Team is to face Thailand this evening on the back of a historic winning streak, writes Soukkaseum Detvongsa.

Hang Seng Bank “GO!GingerOnion 5**College” Goes Live in Metaverse for DSE Students

HONG KONG SAR – Media OutReach – 13 July 2022 – Hang Seng Bank’s virtual “GO!GingerOnion 5** College” opened its doors in The Sandbox metaverse on 14 July 2022. The initiative is designed to give encouragement to Hong Kong Diploma of Secondary Education Examination (‘DSE’) students who are due to receive their DSE results next week. The event aims to lift students’ spirits during one of the most stressful milestones of school life by asking them to complete quests to obtain 5**, the top mark for exam subjects. 40 stars collected can be redeemed for beverage coupons in the ‘real world’, on a first-come-first-served basis.

Hang Seng Bank's GO!GingerOnion launches

Hang Seng Bank’s GO!GingerOnion launches “GO!GingerOnion 5** College” in the metaverse. An avatar of Ms Diana Cesar, Executive Director and Chief Executive of Hang Seng, features as a non-player character. As the Principal of the college, she greets student participants and encourages them not to worry about the results when they have done their best.

Non-player characters (‘NPC’) include an avatar based on Diana Cesar, Executive Director and Chief Executive of Hang Seng Bank, and the social media hosts of GO!GingerOnion, including Ginger and Onion. They will greet student players at the virtual college and offer words of inspiration.

“GO!GingerOnion 5** College” is designed to feel like a local college campus and provide a unique metaverse experience that will entertain Hong Kong Diploma of Secondary Education Examination students in the period before their exam results are announced.

A ‘School Uniform Exhibition’ will showcase 30 common designs of school uniforms. Student participants are invited to take photos with their favourite uniform design and share warm memories of their school life with friends on social media.

“GO!GingerOnion 5**College” embodies Hang Seng Bank’s focus on applying advanced technology and innovation to deliver engaging personalised experiences that enhance people’s lives.

foodpanda joins GO!GingerOnion to support DSE candidates

In addition to the virtual 5** College, GO!GingerOnion is launching two more exciting initiatives to delight and surprise DSE students.

Sharing a common goal to support young people, GO!GingerOnion and foodpanda are partnering to offer a total of HK$100,000 in discount coupons to help keep students well -fueled and full of energy to pursue their passions. The promotion will be rolled out at intervals via GO!GingerOnion’s Instagram Stories starting from 18 July 2022. Participating followers will have the chance to enjoy discounts of HK$20[1] when using foodpanda’s delivery services .

On 8 August 2022, GO!GingerOnion will launch a cheering music video , 衝の伴 , featuring up-and-coming KOL and idol in the girl band “Lolly Talk” Elka Cheng, who teamed up with secondary school students and GO!GingerOnion fans to encourage young people to explore their full potential and tackle challenges with a positive attitude. Elka Cheng is energetic and optimistic about her own future. She said, “We may feel discouraged when encountering difficulties, but it’s important to always get back on your feet and move forward. Dreams need action and perseverance. I hope everyone will enjoy the journey to reach their goals.”

GO! GingerOnion:

Hang Seng Bank introduced the Go!GingerOnion initiative in 2019 to reach out to young people via social media. The initiative uses a dedicate Instagram account (@gogingeronion) and YouTube channel to share engaging content on topics that are trending among teenagers, with the aims of building close connections with young people while encouraging and empowering them to explore new opportunities and ideas.

With the COVID-19 pandemic severely disrupting in-person classes and the holding of mock exams since 2020, Go!GingerOnion introduced InstaMockExam – the first initiative of its kind on Instagram – to help DSE candidates to prepare for their exams.


[1] Terms and Conditions apply

Hashtag: #HangSengBank #Go!GingerOnion

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

GO! GingerOnion:

Hang Seng Bank introduced the Go!GingerOnion initiative in 2019 to reach out to young people via social media. The initiative uses a dedicate Instagram account (@gogingeronion) and YouTube channel to share engaging content on topics that are trending among teenagers, with the aims of building close connections with young people while encouraging and empowering them to explore new opportunities and ideas.

With the COVID-19 pandemic severely disrupting in-person classes and the holding of mock exams since 2020, Go!GingerOnion introduced InstaMockExam – the first initiative of its kind on Instagram – to help DSE candidates to prepare for their exams.

House 44 Bridges the Physical World with Virtual Realms with The Ark

The pioneering members club brings together a community of like-minded individuals and entrepreneurs through a new, shared reality

HONG KONG SAR – Media OutReach13 July 2022 – With geek-cool tech terms such as ‘the metaverse’, ‘web 3.0’ and ‘blockchain’ dominating the discourse in today’s tech-driven digital age, there is no question that the way in which we work, play and interact is going to look vastly different in the not-too-distant future. For some, this unfamiliar new-age territory can be rather daunting. Breaking down these barriers for those who wish to immerse themselves in this ground-breaking ‘new reality’ is Hong Kong-based community organisation, House 44. First established in 2020 as a referral-only membership club — connecting like-minded individuals while leveraging individual members’ assets and expertise — House 44 is now expanding to a parallel virtual space by establishing its own digital frontier at the cutting edge of technology with its newest initiative, The Ark.

House-44-Roland-Felix-Li.JPG

“The way our society is built and the way it functions today tends to favour those who come from a privileged background, and it can be difficult for others to find adequate resources and guidance. House 44 was created to eradicate these inequalities by giving people the resources they need, and in turn a fair chance to achieve success,” said Roland Li, Co-founder of House 44.

‘The Ark’: The House 44 Metaverse

With the onset of the pandemic and its lasting effects on society, there is no denying that nearly every aspect of our daily life is changing dramatically. Now, more than ever, people need a second space outside of the real world. Leveraging the power of the digital space, House 44 is determined to bring this alternate reality to its members, as the first members community with its own functional metaverse in Hong Kong. Named ‘The Ark’, a fitting title to denote a genesis or new beginnings, the House 44 metaverse allows members and friends to meet in the virtual world, connect, socialise and play games, and even attend masterclasses covering a wide range of subjects from crypto trading and NFT investments, to more leisurely pursuits such as wine appreciation and cooking classes.

In this virtual world, members can also learn more about House 44’s history and roots, its various services and how they can be leveraged to grow real-world businesses. What’s more, this embrace of the digital realm is the first step in House 44’s ambitions to expand globally. With active members already in the UK and Singapore, House 44 and ‘The Ark’ aim to bring everyone together under one umbrella, bridging continents, connecting mind-sets and facilitating innovation and creation.

“Innovation is the catalyst for rapid expansion,” said Roland. “Our metaverse is something that we envision as a space to facilitate growth, and as a company that is constantly on the lookout for the next frontier, we are beyond excited to dive into this realm and its infinite possibilities.”

Where Digital Assets Flourish

In a world where the term ‘metaverse’ is still often met with raised eyebrows and question marks, it is common to hear: “Why is the metaverse important, and what does it actually mean?” As one of the companies in Asia leading the exploration of the metaverse, House 44 envisions a world where this still-niche concept has flourished into a common one, where people are able to effortlessly move between physical and virtual realms, while leveraging the advantages of both. From digital ownership to non-fungible tokens (NFTs), virtual experiences are the future, and the applications are endless. Whether it’s setting up a virtual productivity platform for your company or exploiting virtual avenues to drive marketing and recognition for your product, successful business owners need to have fluency with this new landscape.

With non-fungible tokens garnering increasingly more interest in recent years, House 44 is not only equipping its community with a deeper understanding of the value of digital assets and how to invest in these projects, but also has plans to introduce its very own NFT collection. Involving several members in the process of production, these stakeholders, including many new members of ‘The Ark’, will be able to collect, trade and buy into the art. Not only that, holders of House 44’s NFTs will have access to exclusive content and unique experiences, making this a highly anticipated project for the web 3.0 space.

From Work to Play: The Next Frontier

Inviting its members to dip their toes in this wild and limitless universe, ‘The Ark’ epitomises a trailblazing space where work meets pleasure. Modelled after retro role-playing games (RPGs) from the 90s with nods to cult classic games such as Final Fantasy, members are welcomed into a fully interactive experience within the metaverse. Key highlights include co-working spaces to share ideas and converse about business, as well as breakout areas for entertainment and socialising. As the metaverse expands, ‘The Ark’ will be the central assembly point for House 44 meetings and events, where everything from investment tips to cooking recipes will be shared.

“One key resource that many lack is a network or community that allows them to leverage and tap into other peoples’ expertise and experience. This is especially important in today’s world where, time and time again, the most successful businesses and brands always have the strongest community to support them,” said Felix Li, Co-founder of House 44.

With the overarching vision to provide people from all walks of life with more resources and the tools they need to succeed and flourish, House 44 is fully invested in materialising its vision for ‘The Ark’, creating a ground-breaking space for the next generation of entrepreneurs. Society is inarguably on a fast-moving trajectory toward the expansion of virtual worlds, and it is imperative that House 44 sets the stage for this digital transformation. Through this initiative, Roland and Felix hope to empower House 44’s members to reach new heights in this arena.

With an exciting line-up in store and the imminent launch of ‘The Ark’ at hand, House 44 is now opening its doors for membership applications. For more information on requirements and fees, please visit https://house44.io or send an email to info@house44.io.

Download high resolution images here

Hashtag: #House44 #TheArk

About House 44

House 44 is a hybrid offline and online SoFi (social finance) platform, driven by a passionate and fun-loving community. Considered as an angel number, ‘44’ denotes the achievements and success which come with dedication and hard work, both individually and as a team. House 44 was established based on these values, connecting people and offering a community where these virtues are practiced. The company’s main mission is to provide access to the industry’s top utilities and assets for members and partners, creating an environment where entrepreneurship, innovation, and the creation of wealth can prosper.

Since founding the company in 2020, brothers Roland and Felix Li have extended the brand to include health, beauty and fitness; entertainment and lifestyle; education; and wealth creation as its core pillars. In 2022, the company launched ‘The Ark’, one of Asia’s first digital metaverses where the House 44 community can connect and be inspired.

Roland and Felix Li are long-time entrepreneurs, having invested in, and started a number of business ventures over the past decade. Throughout their years of experimentation within different industries and working with a wide range of people, the one common occurrence they found was how a lack of resources and mentorship could often make entrepreneurship an impossible task, particularly for those coming from lower-income or under-privileged backgrounds. Wishing to give everyone a more equitable chance and create a more level playing field, Roland and Felix conceived the idea of a fraternity of sorts — a community where people could feel a sense of identity and belonging, while benefitting from active resources to foster success in business.

From the start, House 44 has built its brand on the idea of bringing together a community. From services expanding across a wide range of interests and industries — including wine clubs, music festivals and state-of-the-art beauty and fitness centres — to its retail arm which promotes everything from extraordinary Bordeaux vintages to health and wellness products, the brand has reached a wide and engaged audience, and expanded across continents. With one of its core missions to remain at the forefront of technology, House 44 is excited to announce its leap into the future with a host of virtual offerings to complement its firmly established physical products and services. House 44 will be one of the first members’ clubs in Hong Kong to explore the virtual space, and it is inviting everyone from novices to aficionados along for the ride.

LaoSafe Helps To Reopen Laos

VIENTIANE, LAOS – Media OutReach – 13 July 2022 – LaoSafe has certified more than 100 tourism businesses and helped to make Laos currently one of the most open Southeast Asian countries for international tourists.

The success of the LaoSafe initiative has boosted confidence both inside and outside the country, paving the way for the arrival of international travellers.

Laos is now open to both vaccinated travellers and those who are not vaccinated but have tested negative for the Covid-19 virus. While restorative measures still apply in other countries, Laos has moved quickly to simplify the arrival experience with the goal of boosting the number of visitors to the country – a dynamic reversal after two years of tightly controlled borders.

LaoSafe has bolstered visitors’ confidence in tourism providers through its program of education, certification, and promotion; at the time of writing, more than 50 restaurants, 60 hotels, 500 tour guides, and 180 drivers, along with 2 airlines have been certified by the initiative.

This openness, combined with the safety and security of LaoSafe-certified tourism businesses, has made Laos alluring for international travellers.

Implemented by the Ministry of Information, Culture and Tourism, and approved by the Ministry of Health, LaoSafe is a nationwide initiative designed to create a world-class health and hygiene system within the tourism and hospitality industry. Sector-specific standards have been developed for accommodation, food and beverage, tour guides, and drivers, to raise the benchmark of hygiene provision throughout the country and build international confidence in Laos as a safe tourist destination.

The LaoSafe program was initially rolled out in several areas especially beloved by travellers – including the UNESCO World Heritage city Luang Prabang – and is now expanding throughout other destinations across Laos. An investment in both local and national tourism providers that, along with Laos’ fully open borders and lack of internal movement restrictions, makes the country an outstanding tourist destination.

“The LaoSafe certification program has used the time of Laos’ closure to prepare for an influx of tourists post-Covid. “Now that the country is open again, the tourism industry is more prepared than ever to welcome travellers and to establish its reputation as Southeast Asia’s premiere destination”, said Mme Darany Phommavongsa, Director General of the Tourism Management Department, under the Ministry of Information, Culture and Tourism.

The LaoSafe program is supported by the Skills for Tourism Project (LAO/029), which is co-financed by the governments of the Lao PDR, the Grand Duchy of Luxembourg and Switzerland, and implemented by the Ministry of Education and Sports of Laos and LuxDev, the Luxembourg Development Cooperation Agency.

For further information, visit https://laosafe.gov.la/

For all media enquiries, additional comment and request for interview please contact media@laosafe.gov.la

Hashtag: #LaoSafe

Over 5,000 Fraud Victims Await Arrest of Phonethip Xaypanya

Victims gather outside the jewelry store owned by Phonethip Xaypanya
Victims gather outside the jewelry store owned by Phonethip Xaypanya in Vientiane Capital.

More than 5,000 people have come forward as victims of Phonethip Xaypanya, a con artist who defrauded large sums of money from people in Laos.

Terraoil Swiss AG: Terraoil Provides Shareholder Update

Terraoil Publishes English Version of Update Letter to Shareholders

STEINHAUSEN, SWITZERLAND – EQS Newswire – 13 July 2022 – Terraoil Swiss AG, an energy company with a strong focus on the Mediterranean is pleased to announce that, together with the invitation for the extraordinary Shareholders’ Meeting that was mailed to all registered shareholders, the Company also provided an update letter to the shareholders. An English version of this letter is now available on the Company’s website at https://terraoil.swiss/shareholdersletters.

If you are an Terraoil shareholder and would like additional information, contact Peter Krempin either via email investors@terraoil.swiss or by telephone at +41 71 544 01 20.
Hashtag: #TerraoilSwissAG

About Terraoil Swiss AG

Terraoil is an international energy company with a focus to identify and rapidly advance business opportunities in the upstream oil and gas and renewable energy sectors in the Mediterranean region.

Terraoil forward-looking statements
This media release serves informational purposes and constitutes neither an offer to sell nor a solicitation or an advertisement to buy any shares of Terraoil Swiss AG in any jurisdiction. This media release does not constitute a prospectus within the meaning of Article 35 et seqq. of the Swiss Federal Act on Financial Services. In addition, investors should seek advice from their bank or their financial adviser. This media release and the information contained therein are not being issued for the purpose of selling shares in the United States of America, Australia, Canada, Japan, the United Kingdom, or the European Economic Area and must not be distributed within or to such countries or via publications with a general circulation in such countries.

This media release contains forward-looking statements such as projections, forecasts, and estimates. Such forward-looking statements are subject to certain risks and uncertainties which may cause actual results, performance, or events to differ materially from those anticipated in this media release. Readers should therefore not rely on these forward-looking statements. The forward-looking statements contained in this media release are based on the views and assumptions of Terraoil Swiss AG as of this date and Terraoil Swiss AG does not assume any obligation to update or revise this media release.