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Mr. Mark Chan, Chairman of Wisdomcome Group, satisfied the Offer to acquire Easy Repay

HONG KONG SAR – Media OutReach5 July 2022 – Best Richest Management Company Limited, a direct wholly and beneficially owned company of Mr. Mark Chan, Chairman of Wisdomcome Group (“Wisdomcome” or “the Group”), has received valid acceptances in approximately 16.00% of the entire issued share capital of Easy Repay Finance & Investment Limited (“Easy Repay”, stock code: 8079.HK). Together with the 34.24% equity interest acquired earlier, Mr. Mark Chan currently holds approximately 50.24% of the of the total issued share capital of the Company. Accordingly, the condition of the Offer has been satisfied and the Offer has become unconditional.

Easy Repay is principally engaged in the money lending business, retail and wholesale business. It has actively participated in money lending business for eight years and has built up a wide solid client base. It operates four “People’s Market” retail shops which are located in Wanchai, Lai Chi Kok, Tai Po and Kowloon Bay and an online business for the sales of grocery products. Wisdomcome has extensive experience in operating retail businesses in health food, pharmaceutical products and pet food and supplies with substantial retail network in Hong Kong. The acquisition is expected to create synergetic effect which strengthens the Group’s retail businesses in Hong Kong.

About Wisdomcome Group

Wisdomcome Group was founded by Mr. Mark Chan in Hong Kong in 2003. Its brands include Wisdomcome Real Estate, Wisdomcome Investment, and Petmacy, and its businesses include but are not limited to: 1) pet product research, manufacturing and distribution; 2) health care product research, manufacturing and distribution; and 3) property investment. Another well-known brand founded by Mr. Mark Chan is Royal Medic, which is a health care brand listed in Hong Kong with market capitalization at one stage exceeding HK$5.8 billion. He retired from this company in 2020 and has since ventured into the pet category and other businesses and investments.

#WisdomcomeGroup

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

PolyU launches the largest interdisciplinary research platform in Hong Kong and the Greater Bay Area to advance the development of an international innovation hub

HONG KONG SAR – Media OutReach5 July 2022 – The Hong Kong Polytechnic University (PolyU) has established the PolyU Academy for Interdisciplinary Research (PAIR) – the largest research platform of its kind in Hong Kong and the Greater Bay Area to foster interdisciplinary research, partnership with world-renowned scholars, and the transfer of technologies to stakeholders.

PAIR focuses on research in frontier areas such as artificial intelligence, carbon neutrality, deep space exploration, smart cities, smart energy, and many more. The Academy will make impactful contributions to the development of Hong Kong and the Greater Bay Area into an international innovation and technology hub.

Comprising 16 research institutes and centres with over 400 highly qualified PolyU senior researchers from all over the world, the interdisciplinary research platform is the largest among its peers in the Greater Bay Area. It pools top brains with a wealth of investigative and professional experience to conduct PAIR’s cutting-edge interdisciplinary research programmes.

The Academy aspires to offer solutions to unprecedented societal challenges arising from climate change, food safety, an ageing population, disease, energy shortages, etc. It will also aim to promote sustainable development and growth. The PAIR research institutes and centres will furthermore address the opportunities brought about by the emerging technologies of the Fourth Industrial Revolution that will change how people work and live, such as artificial intelligence, data science, the Internet of Things, and robotics.

PAIR’s innovative research projects are supported by PolyU’s world-class laboratories and state-of-the-art facilities, including the State Key Laboratories and the Chinese National Engineering Research Centres (Hong Kong Branches).

Prof. Jin-Guang TENG, President of PolyU, said the University is committed to developing innovations across disciplines and cultivating impactful solutions to the global challenges of today. He said, “PAIR will also promote and facilitate the establishment of close partnerships with industries and the community, ensuring the real-world significance and impact of its research. Furthermore, the Academy will play an important role in developing and supporting research collaboration activities with counterparts in the Mainland and around the world. PolyU will leverage its leading research and innovation capability and capitalise on the Greater Bay Area’s manufacturing strength to build the region into an international innovation and technology hub.”

Prof. Christopher CHAO, Vice President (Research and Innovation) of PolyU, said the expansion of interdisciplinary research over the past decade has brought about a fundamental change in the basic concepts and practices of a scientific discipline. He added, “New disciplines may also emerge from the extensive research currently being performed by scientists in this interdisciplinary environment. Their research may have a wide-ranging positive impact, expanding knowledge and improving the quality of life.”

The Academy is headed by Prof. Qingyan CHEN, Director of PAIR, Global STEM Professor, and Chair Professor of Building Thermal Science in the Department of Building Environment and Energy Engineering of PolyU. He is Professor Emeritus of Mechanical Engineering at Purdue University, United States, after a distinguished stint of two decades at the prestigious university. He also serves as the Editor-in-Chief of the Building and Environment journal since 2008.

Prof. Chen said, “Interdisciplinary research can be one of the most productive and inspiring of human pursuits to produce solutions to the profound issues that society is facing. PAIR researchers are expanding knowledge and solving challenging problems through basic and applied interdisciplinary research, integrating disciplines not only from science, technology, engineering, and mathematics, but also from business, design, social science, humanities, and management.”

The official inauguration of PAIR will be held on 16 July 2022 at the Jockey Club Auditorium on campus and is one of the key events at the PolyU InnoTech Open Day.

Appendix

PolyU Academy for Interdisciplinary Research
Research Institutes and Centres

Research Institute for Advanced Manufacturing (RIAM)
Research Institute for Artificial Intelligence of Things (RIAIoT)
Research Institute for Future Food (RiFood)
Research Institute for Intelligent Wearable Systems (RI-IWEAR)
Research Institute for Land and Space (RILS)
Photonics Research Institute (PRI)
Research Institute for Smart Ageing (RISA)
Otto Poon Charitable Foundation Smart Cities Research Institute (SCRI)
Otto Poon Charitable Foundation Research Institute for Smart Energy (RISE)
Research Institute for Sports Science and Technology (RISports)
Research Institute for Sustainable Urban Development (RISUD
Research Centre for Chinese Medicine Innovation (RCMI)
Research Centre for Deep Space Explorations (RCDSE)
Mental Health Research Centre (MHRC)
Research Centre for Resources Engineering towards Carbon Neutrality (RCRE)
Research Centre for SHARP Vision (RCSV)

Bolikhamxay to Close Pubs During Student Examinations

Partiers in a pub.

Authorities in Bolikhamxay Province will close entertainment establishments in the main district to prevent distractions from final examinations from 14-16 July.

Police in Laos Search for Notorious Fraudster Phonethip Xaypanya

Victims of a fraudulent investment scheme gather outside a jewelry store owned by Phonethip.
Victims of a fraudulent investment scheme gather outside a Vientiane jewelry store owned by Phonethip Xaypanya.

Police are searching for a Lao fraudster and her husband who fled the country after defrauding a number of people of large sums of money.

Qurio Education Introduces English Immersion Programme (EIP) with Putonghua in a 15,000 Sq Ft Modern Learning Facility to Encourage Children’s All-Round Growth

Combining the Advanced Pedagogies of Local and International Schools to Welcome the New Academic Year

HONG KONG SAR – Media OutReach – 5 July 2022 – The pandemic has remained unpredictable for the last two years, having a significant impact on children. According to a series of reports produced by the Office for Standards in Education (Ofsted) in April 2022, children’s growth in basic abilities such as speaking, writing and social-emotional control has been hampered after long-term prevention measures. Qurio, one of Hong Kong’s largest local education centres, launched the English Immersion Programme (EIP). The programme is designed for children aged 3 to 6, with the goal of enhancing academic performance through an innovative learning approach that combines the advanced local school curriculum with the best international school pedagogies. Moreover, to instil the social-emotional and life skills required for children to succeed in 21st-century society, for example, communication, creative and critical thinking, problem-solving abilities, etc., which help children to reach their full potential and encourage their all-round growth.

Qurio2022-photo.jpg

Through experiential learning, children are eager to assist one another and acquire excellent interpersonal skills.

Since its opening, Qurio has been committed to its “Children-Oriented” mission, which aims to inspire curiosity for lifelong learning, as well as equip each child for life beyond academic success. Ms Merian Lee, Vice Principal of Qurio, mentioned, “Our vision is to promote transformational families where every child is equipped to reach their full potential and thrive in life.” Therefore, Qurio designed a variety of experiential activities using an innovative learning approach that blends cutting-edge pedagogies from both local and international schools for young children. Children can learn English, Chinese, mathematics, social-emotional management, and other life skills in a stress-free setting with engaging and enjoyable immersion learning. This allows children to increase their social-emotional intelligence, increase their learning efficiency and capture the golden era of growth.

English Immersion Programme (EIP)

Strengthen the Language Foundation from Childhood

The optimal age for language development in children is three years old. Immersive language learning, on the other hand, is not equivalent to watching English TV channels, listening to English or Mandarin in one-way, or even staying in an English-speaking setting. In view of this, Qurio launched the English Immersion Programme (EIP), which aims to provide a three-times-a-week English and Mandarin immersion learning environment for children aged 3 to 6. The English Immersion Programme is taught by teachers who are qualified and experienced in teaching at kindergartens and primary schools, both locally and internationally, to offer children a solid foundation in language and prepare them for an interview or transition to the new academic year.

Understand Children’s Learning Progress through Preschool Assessment

Children’s learning schedules and progress have been disrupted by the pandemic. As children cannot learn face-to-face at school, parents are worried it is causing delays in their children’s learning progress and hindering their future growth. Qurio conducts a pre-school evaluation prior to enrollment to evaluate each child’s potential and follow up on their future learning development. After one academic year, children will be given a certificate and invited to the annual graduation ceremony.

International Experiential Learning x Advanced Learning Facilities

To meet the diverse learning needs of children, a 15,000 sq ft state-of-the-art learning facility is used for group-based experiential teaching. On Qurio’s campus, advanced learning facilities such as Thematic Classrooms, STEM Lab, Library and Zen Room have been specially designed to boost learning efficiency and create an immersive learning environment, allowing children to discover their unlimited possibilities.

Improve Social Skills through Interactive Learning

Qurio’s interactive learning approach enables children to adapt to a proper social environment while acquiring their language skills. Growth skill sets such as adaptability, self-confidence, self-knowledge, self-management, etc., can be fostered in a stress-free environment before the start of the new academic year.

Information of English Immersion Programme (EIP)

Face-to-Face Classes (Open for Enrollment)
Level: K1 – K3
Age: Aged 3 to 6
Location: Qurio campus in Kowloon Bay
Medium: In-Person
Duration: 1.5 hours per class
Days: 3 days per week
Total Weekly Hours: 4.5 hours

About Qurio Education

Qurio is one of Hong Kong’s largest local education centres, dedicated to providing outstanding after-school enrichment programmes and delivering a customised international school teaching model to children in local schools. The spoon-feeding education system in Hong Kong has emphasised mechanical training while ignoring the crucial advanced skills required after entering society, such as communication, creative and critical thinking and problem-solving abilities. In light of this, Qurio is determined to deliver innovative experiential learning to local students, instilling the social-emotional and life skills required for them to thrive in a 21st-century society.

Currently, Qurio is organising a range of exciting and interactive courses for children aged 3 to 12, including kindergarten, primary and secondary school preparation courses in Chinese, English and mathematics. Children will recap previously acquired concepts while previewing the next semester’s learning content. Qurio will continue to adhere to its purpose of delivering high-quality after-school programmes, teaching fundamental subjects and equipping children with key life skills to prepare them for the future.

Official website:

#QurioEducation

Hong Kong Life Enhances Its Wealth Accelerator III To Offer Customers Extra Flexibility in Legacy Planning and Achieve Long Term Wealth Accumulation

HONG KONG SAR – Media OutReach – 5 July 2022 – Hong Kong Life continues to provide innovative insurance products and services that cater the evolving needs of its diversified customers. The Company announces the launch of “Wealth Accelerator III”, with enhanced benefits to the insured including the Extended Life Protection with Multiple Premium Payment Terms1, the Flexible Withdrawal of Policy Value2,3, and the special Wealth Succession Bonus4, to provide extra flexibility in legacy planning. With the first-in-market5 Flexible Change of Life Insured6 up to Two New Life Insureds, the life insurance plan allows customers to plan for long-term financial arrangements to spread the wealth across generations. In addition, application is simple and easy as no medical examination is required7.

Customer Promotion Offers8Up to 25% First Year Premium Discount & Multiple Member Jetso9

On top of the enhanced features of the insurance plan, from now till 31 December 2022, an instant 15% First Year Premium Discount is guaranteed with successful applications for the Wealth Accelerator Whole Life Protection Plan III, specified customers may even enjoy up to 25% First Year Premium Discount of Basic Plan10.

Hong Kong Life also provides a wide array of promotional offers to its discerning customers. Customers can log on to the Client Corner (https://www.hklife.com.hk/en/clientcorner) to discover various exclusive Member Jetso9 to elevate their overall health and wellness, including a free weight and health assessment from MSL Nutritional Diet Centre, discount offers on pain relief treatments from BeHealth Painless Centre, health services from Zanolife and many more.

Key Features of Wealth Accelerator Whole Life Protection Plan III

  • Extended Life Protection with Multiple Premium Payment Term1 for selection
    The Plan provides 3 choices of Premium Payment Term1, for example three years1, six years1 and twelve years1, with extended life protection until age 130 of the Initial Life Insured. An enhanced feature is if the Policyowner chooses for a change of Life Insured2, life protection will be extended to age 130 of the New Life Insured.
  • Additional Return
    The Plan not only provides Guaranteed Cash Value, Annual Dividend (non-guaranteed)2 may also be distributed annually in terms of cash starting from the second Policy Anniversary. You can choose cash withdrawal or leaving it with the Policy for interest accumulation2 to meet your personal needs. In addition, Terminal Dividend (non-guaranteed)2 may be payable on or after the end of fourth Policy Year when the Policy is fully surrendered by the Policyowner, upon the death of the Life Insured (provided that there is no named and surviving Contingent Life Insured who will become the new Life Insured) or upon Policy Maturity, whichever is earlier.

    When the Policy is partially surrendered by the Policyowner, Terminal Dividend (non-guaranteed)2 may be payable on or after the end of fourth Policy Year. The payable amount is equal to the Terminal Dividend (non-guaranteed)3 attributable to the reduced portion of Principal Amount11. Terminal Dividend (non-guaranteed)3 will not accumulate in the Policy.
  • Flexible Change of Life Insured6 to Spread the Wealth across Generations
    While the Plan is in force and the Life Insured is alive, the Policyowner may change the Life Insured6 for unlimited times starting from the first Policy Anniversary as follows. This not only enables sufficient time for wealth accumulation but also adds flexibility to your financial arrangement to spread the wealth across generations.

    • Change of one Life Insured6
      The Guaranteed Cash Value, plus Accumulated Dividends and Interest (non-guaranteed)2,3 (if any) will remain unchanged and continue to accumulate in the Policy till age 130 of the New Life Insured.

    • Change to two Life Insured6
      The Principal Amount11 of the Policy will be converted into two new policies of the same Basic Plan in accordance with the portion as specified by the Policyowner. The Guaranteed Cash Value, plus Accumulated Dividends and Interest (non-guaranteed)2,3 (if any) will be proportionally converted into the two new policies in accordance with the same portion as specified and continue to accumulate in the Policy till age 130 of the New Life Insured.
  • Wealth Succession Bonus4 to Enjoy the Joy of Passing on Your Wealth
    To encourage you to outline your wealth succession planning, the Plan offers the Wealth Succession Bonus4. In the event of change of Life Insured be accepted and approved by Hong Kong Life while the Plan is in force, Policyowner will receive a one-off Wealth Succession Bonus4 which the amount equals to 1% of the Total Premiums Paid (subject to the maximum amount of HKD10,000/ USD1,250). The special bonus provides extra reward to policy owners for passing on their wealth.
  • Contingent Life Insured12 and Contingent Policyowner13 Arrangement for Policy Continuum
    During the lifetime of the Life Insured and while the Plan is in force, the Policyowner may designate a Contingent Life Insured12. In the event of the death of the Life Insured on or after the first Policy Anniversary, the Contingent Life Insured will become the new Life Insured. This sustains the Policy and avoids the possibility of Policy termination due to the unexpected death of the Life Insured. Moreover, to safeguard the wealth management planning, during the lifetime of the Life Insured and while the Plan is in force, Policyowner may designate a Contingent Policyowner13 so that the ownership of the Policy will be transferred to the Contingent Policyowner in the event of death of the Policyowner.

  • Flexible Withdrawal of Policy Value2,3 to Better Plan for the Future
    The Policyowner may make a one-off or regular withdrawal from the cash value of the Policy (including the Guaranteed Cash Value (if any), Accumulated Dividends and Interest (non-guaranteed)2,3(if any) and Terminal Dividend (non-guaranteed)2(if any)) according to his/ her needs in order to fulfilling the dreams like children’s education and fruitful retirement, etc. However, the future cash value of the Policy will be reduced accordingly.

    After the Policy has acquired a Guaranteed Cash Value, the Policyowner can opt for Partial Surrender14 to withdraw the Guaranteed Cash Value and Terminal Dividend (non-guaranteed)2(if any) attributable to the reduced portion of Principal Amount11 of the Policy. Customer can make use of the benefit payments to meet their financial needs throughout different life stages.
  • Flexible Death Benefit Settlement Options15
    The Plan provides flexible Death Benefit Settlement Options15. Instead of receiving the Death Benefit in a lump sum payment, Policyowner can designate other settlement options including Instalment Payments (Fixed Amount) or Instalment Payments (Fixed Period) while the Plan is in force and the Life Insured is alive to settle the Death Benefit to the Beneficiary.
  • Complimentary Additional Protection for Extra Peace of Mind

    • Accidental Death Benefit16
      The Plan provides complimentary Accidental Death Benefit16 for the first 5 Policy Years. Regardless of the presence of named and surviving Contingent Life Insured, if the Life Insured dies because of accident, an extra benefit equals to 30% of the first year premium of the Plan will be paid to the Beneficiary.
    • Accidental Waiver of Premium17
      If the Life Insured becomes totally and permanently disabled due to accident and loses his/her working ability before the Life Insured’s 60th birthday for six consecutive months or above, premiums payable of the Plan will be waived within the period of disability.
    • Accidental Payor Benefit18
      Regardless of the presence of named and surviving Contingent Policyowner, if the Policyowner dies due to accident or becomes totally and permanently disabled due to accident and loses his/her working ability before the Policyowner’s 60th birthday or the Life Insured’s 25th birthday (whichever is earlier) for six consecutive months or above, premiums payable of the Plan will be waived upon the death of the Policyowner or within the period of disability.
  • Simple Application with Fixed Premium
    The premium will remain unchanged throughout the Premium Payment Term1, allowing you to have a better plan for your future. Moreover, the Life Insured will not have to go through any medical examination, up to a certain Principal Amount11 subject to the prevailing administrative rules as determined by Hong Kong Life.
  • Flexible Choice of Supplementary Benefit19 to Meet Your Needs
    You may enhance your coverage by attaching Term Life Benefit19 to the Policy to fit your personal needs.

Ms. Micky Cho, Chief Marketing Officer of Hong Kong Life, said, “The enhanced features of Wealth Accelerator exemplify our mission to help customers to step up to a better and more secure future. Responding to the keen market needs on legacy planning solutions, Wealth Accelerator III can provide high potential for long-term returns at low risk with added flexibility, ensuring secured financial future for retirement or next generations.”

For more details about the Wealth Accelerator Whole Life Protection Plan III, please visit

https://www.hklife.com.hk/en/products/personal-insurance/savings-plan/wealth-accelerator-whole-life-protection-plan-iii/index.html

For enquiries, please contact our Customer Service Hotline at 2290 2882 or visit the Hong Kong Life website at www.hklife.com.hk.

Note:

  1. The Policy will be terminated if the Policyowner cannot settle the premium payment before the end of the Grace Period during the Premium Payment Term, subject to the Automatic Premium Loan, Non-forfeiture Option and other relevant provisions of the Policy. For detailed terms and conditions, please refer to the policy document issued by Hong Kong Life. If the Policy is terminated before the Policy Maturity, the Total Surrender Value (if applicable) received by the Policyowner may be less than the Total Premiums Paid.
  2. Annual Dividend, the annual interest accumulation rate and Terminal Dividend are not guaranteed and may be changed from time to time. Past performance is not indicative of future performance. The actual amount payable may be higher or lower than those illustrated in the Insurance Proposal. Hong Kong Life reserves the right to change them from time to time. The Annual Dividend and/or interest withdrawn will no longer be accumulated as part of the Total Surrender Value and the Total Death Benefit of the Policy. The Total Surrender Value and the Total Death Benefit of the Policy will be reduced accordingly.
  3. Accumulated Dividends and Interest means the aggregate of (1) the total amount of distributed Annual Dividend left with Hong Kong Life (if any); and (2) the total amount of interest accumulated on any distributed Annual Dividend left with Hong Kong Life.
  4. Wealth Succession Bonus is a one-off payment and is only payable once to the Policyowner for the Plan, regardless of the number of times of change of Life Insured throughout the Plan is in force. For the avoidance of doubt, once a Wealth Succession Bonus is paid for a change of Life Insured, any subsequent change of Life Insured will not be entitled for the Wealth Succession Bonus under the Plan. The Principal Amount for the Plan shall not be affected by any distributed Wealth Succession Bonus. Wealth Succession Bonus is not applicable for the change of Life Insured to Contingent Life Insured.
  5. “First-in-market” is stated by comparing to the same type of life insurance products on the market as of June 2020 when Wealth Accelerator II Whole Life Protection Insurance Plan was first launched.
  6. Change of Life Insured is subject to the terms and conditions, and the then administrative rules as determined by Hong Kong Life from time to time. If change of one Life Insured option is elected, the Principal Amount, Guaranteed Cash Value, Accumulated Dividends and Interest (if any), Terminal Dividend (if any), Policy Date, premium, Premium Payment Term, Total Premiums Paid and Indebtedness (if any) will remain unchanged on the date of endorsement. The Maturity Date of the Policy will change based on the Age of the New Life Insured. If change to two Life Insureds option is elected, the Principal Amount, Guaranteed Cash Value, Accumulated Dividends and Interest (if any), Terminal Dividend (if any), premium, Total Premiums Paid and Indebtedness (if any) will be proportionally converted into the two new policies in accordance with the same portion as specified by the Policyowner. The Principal Amount of the new policies is subject to the minimum amount as determined by Hong Kong Life from time to time. The Policy Date and Premium Payment Term of two new policies will be the same as the original Policy, while the Maturity Date of two new policies will change based on the Age of the New Life Insured. At the time Hong Kong Life receives the written request, the proposed New Life Insured’s age(s) must not be over 65 and must not be older than the Initial Life Insured. Also, evidence of insurability including the insurable interest for the proposed New Life Insured(s) shall be submitted. In addition, all New Life Insured(s) and the Previous Life Insured must be alive on the date of endorsement or the Issue Date of the new policies (where applicable). All Supplementary Benefit(s) (if any) for the Previous Life Insured will be terminated automatically on the date of endorsement or the Issue Date of the new policies (where applicable) and no unearned premium shall be refunded. The relevant Supplementary Benefit(s) can be applied in respect of the New Life Insured(s) in the original Policy or new policies (where applicable) subject to the underwriting rules and requirements as determined by Hong Kong Life from time to time. For detailed terms and conditions, please refer to the policy document issued by Hong Kong Life.
  7. No medical examination is required for the application if the total annual premiums payment does not exceed the Principal Amount, subject to Hong Kong Life’s prevailing rules and regulations.
  8. The Promotion Period of the Incentive is from 1 July to 31 December 2022 (both dates inclusive) (“Promotion Period”). To be eligible for the Incentive, the application signing date and submission date of the application for any of the Eligible Life Insurance Plans must fall within the Promotion Period.
  9. The Member Jetso offers are provided by respective supplier (“the Supplier”). For the offer details, please visit the Suppliers’ website or contact the Supplier. The Supplier reserves the right of final decision in case of any dispute. The Supplier shall be solely responsible for the product and service quality and the legal liability, to which HKL shall have no legal liability or responsibility whatsoever.
  10. The Single or First Year Premium Discount is applicable to the premium of the Basic Plan of the Eligible Life Insurance Plan only and does not apply to any riders thereof.
  11. The Principal Amount is used to calculate Initial Premium, any subsequent premium, benefits and policy values (if any) of the respective Basic Plan and any Supplementary Benefit. Any subsequent change of the Principal Amount will result in corresponding change in premium, benefits and policy values (if any) of the respective Basic Plan and any Supplementary Benefit. The Principal Amount does not represent the amount of death benefit of the respective Basic Plan and any Supplementary Benefit.
  12. Designation of Contingent Life Insured is subject to the terms and conditions, and the then administrative rules as determined by Hong Kong Life from time to time. Only one Contingent Life Insured can be designated at a time. At the time Hong Kong Life receives the written request, the Proposed Contingent Life Insured’s age must not be over 65 and must not be older than the Initial Life Insured. Also, evidence of insurability including the insurable interest for the Proposed Contingent Life Insured must be submitted. Upon the death of the Life Insured on or after the 1st Policy Anniversary while the Policy is in force, the actual change of Life Insured to the Contingent Life Insured shall be approved and becomes effective subject to Hong Kong Life’s receipt of satisfactory proof of the Life Insured’s death and any documents as requested, the relevant conditions and limitation, and the prevailing administrative rules and requirements of Hong Kong Life. All Supplementary Benefit(s) (if any) for the Life Insured will be terminated automatically upon the date of death of the Life Insured and no unearned premium shall be refunded. The relevant Supplementary Benefit(s) can be applied for by the Contingent Life Insured, subject to the underwriting rules and requirements as determined by Hong Kong Life from time to time. For detailed terms and conditions, please refer to relevant form and the policy document issued by Hong Kong Life.
  13. Designation of Contingent Policyowner is subject to the terms and conditions, and the then administrative rules as determined by Hong Kong Life from time to time. Only one Contingent Policyowner can be designated at a time, and evidence of insurability including the insurable interest for the Proposed Contingent Policyowner must be submitted. Upon the death of the Policyowner while the Policy is in force, the actual transfer of ownership of this Policy to the Contingent Policyowner shall be approved and becomes effective subject to Hong Kong Life’s receipt of satisfactory proof of the Policyowner’s death and any documents as requested, the relevant conditions and limitation, and the prevailing administrative rules and requirements of Hong Kong Life: All Supplementary Benefit(s) (if any) for the Policyowner will be terminated automatically upon the date of death of the Policyowner and no unearned premium shall be refunded. The relevant Supplementary Benefit(s) can be applied for by the Contingent Policyowner, subject to the underwriting rules and requirements as determined by Hong Kong Life from time to time. For detailed terms and conditions, please refer to relevant form and the policy document issued by Hong Kong Life.
  14. If Partial Surrender is exercised in the Policy, the Principal Amount shall be reduced proportionally based on the percentage of Guaranteed Cash Value and Terminal Dividend (if any) being withdrawn for the Partial Surrender. Upon the reduction of Principal Amount, the Guaranteed Cash Value, Annual Dividend (if any), Terminal Dividend (if any) and Total Premiums Paid of the Plan shall be reduced proportionately. Total Death Benefit, Maturity Benefit and Wealth Succession Bonus (if any) shall also be adjusted accordingly. Where applicable an Accidental Death Benefit is attached to the Plan, the Sum Assured of such Accidental Death Benefit shall also be adjusted proportionately. Partial Surrender is subject to the terms and conditions, and the then administrative rules as determined by Hong Kong Life from time to time. For detailed terms and conditions, please refer to the policy document issued by Hong Kong Life.
  15. Death Benefit Settlement Options are only applicable in the event of the death of the Life Insured after the Premium Payment Term and all premiums due have been paid, and subject to the terms and conditions, and the then administrative rules as determined by Hong Kong Life from time to time. For detailed terms and conditions, please refer to the policy document issued by Hong Kong Life.
  16. The Accidental Death Benefit is only applicable to the Life Insured who is Hong Kong resident of age 65 or below at the time of Policy application. The indemnity of the Accidental Death Benefit should not exceed an aggregate maximum of HKD400,000/ USD50,000 in respect of all Hong Kong Life’s policies covering the Life Insured for the Accidental Death Benefit.
  17. The Accidental Waiver of Premium is only applicable to the Life Insured who is Hong Kong resident of age 18 to 59 at the time of Policy application and within the Premium Payment Term of the Basic Plan, and the Life Insured and Policyowner of the Policy must be the same person. In no event shall the premium waived exceed an aggregate maximum of HKD80,000/ USD10,000 per calendar year in respect of the Policy and all other insurance policies issued by Hong Kong Life from time to time, whether or not still in force, covering the life of the Life Insured for the Accidental Waiver of Premium, and any other Accidental Waiver of Premium and Accidental Payor Benefit.
  18. The Accidental Payor Benefit is only applicable to the Policyowner who is Hong Kong resident of age 55 or below and the Life Insured is aged 17 or below at the time of Policy application and within the Premium Payment Term of the Basic Plan. In no event shall the premium waived exceed an aggregate maximum of HKD80,000/ USD10,000 per calendar year in respect of the Policy and all other insurance policies issued by Hong Kong Life from time to time, whether or not still in force, covering the life of the Policyowner for the Accidental Payor Benefit, and any other Accidental Payor Benefit and Accidental Waiver of Premium.
  19. Application for Supplementary Benefits must comply with the issue age requirement of the Supplementary Benefits and are subject to normal underwriting procedures. Supplementary Benefits can be applied together with the Plan or at each Policy Anniversary. Supplementary Benefits will be terminated simultaneously when the Plan is terminated. For details of Supplementary Benefits, please refer to the policy document issued by Hong Kong Life.

About Hong Kong Life

Established in 2001, Hong Kong Life Insurance Limited (“Hong Kong Life”) was founded by five local financial institutions including Asia Insurance Company Limited, Chong Hing Bank Limited, CMB Wing Lung Bank Limited, OCBC Wing Hang Bank Limited and Shanghai Commercial Bank Limited, which laid their foundations and have been serving customers in Hong Kong for more than 50 years in average. Through our extensive network of around 150 distribution points comprising Chong Hing Bank, CMB Wing Lung Bank, OCBC Wing Hang and Shanghai Commercial Bank, we offer efficient one-stop integrated services to customers.

Facebook:

#HongKongLifeInsurance

Cambodia Launches “My Second Home” Program to Encourage Foreign Investment

Phnom Penh in Cambodia
Phnom Penh, Cambodia (Photo: Kim Eang Eng)

Cambodia has launched a program to encourage foreign investment that offers a ten-year visa and other benefits to those who invest in the country.

Hang Lung collaborates with Hilton to introduce the Curio Collection by Hilton hotel brand at Wuxi’s Center 66

HONG KONG SAR, SHANGHAI and WUXI – Media OutReach – 5 July 2022 – Hang Lung Properties (SEHK stock code: 00101) (“the Company” or “Hang Lung”) today announced Hilton as the hotel management partner of the new-build lifestyle boutique hotel integral to the second phase development of Center 66, Wuxi. The hotel will join the Curio Collection by Hilton brand, a global portfolio of one-of-a-kind hotels and resorts handpicked for their independent and unique character. Perfectly blending with the high-end market positioning of Center 66, the hotel will offer customers and office and retail tenants of Center 66 incomparable lifestyle experiences and services. The official opening of the hotel is slated for the second half of 2024.

The Curio Collection by Hilton to be located at Center 66, Wuxi will offer customers and tenants incomparable lifestyle experiences, realizing Hang Lung’s vision of building compelling spaces that enrich lives (Remarks: the photo is an artist’s impression for reference only)

The hotel will comprise a seven-story main building and an adjacent three-story heritage building, providing a total of 106 guest rooms, a lobby lounge, two restaurants, a bespoke event space, an indoor pool, and a fitness centre, with interior design by White Jacket, Singapore. The hotel is designed to LEED™ Gold Pre-Certification, indicating that the building will meet world-class standards in terms of carbon reduction and environmental protection.

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The Curio Collection by Hilton to be located at Center 66, Wuxi will offer customers and tenants incomparable lifestyle experiences, realizing Hang Lung’s vision of building compelling spaces that enrich lives (Remarks: the photo is an artist’s impression for reference only)

The heritage building, which was formerly the residence of local historical figure, Zhang Xiaocheng, is a typical blend of Chinese and Western architecture from the last century. Extending Hang Lung’s experience to rejuvenate historical buildings and commitment to cultural conservation begun in the rebuilding of Chenghuang Temple at Center 66 and the restoration of Zhejiang Xingye Bank at Riverside 66, Tianjin, the revitalised building melds antique elements with contemporary style to create an exciting destination for leisure and dining.

Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties, said, “We are excited to partner with Hilton once again, this time on the first Curio Collection by Hilton-branded hotel in our portfolio, another world’s best to Wuxi. We are confident the hotel will be a stellar addition to our phase 2 development of Center 66, elevating the service offerings not only to the residents but also our office and retail tenants. The personalized service and curated interior design of the hotel will attain synergy with Hang Lung’s customer-centric philosophy to reinforce Center 66’s leadership position and foster our vision of creating compelling spaces that enrich lives.”

Mr. Jerry Huang, President of Development, Hilton, Greater China & Mongolia said, “We are delighted to expand our robust partnership with Hang Lung Properties with the signing of the Curio Collection by Hilton-branded hotel at Center 66. Today, there are more than 115 Curio Collection by Hilton hotels and resorts that offer authentic local experiences in nearly 30 countries and territories. Each hotel is curated for its distinct character, integrating local cultural and natural characteristics in design, and aims to inspire guests’ curiosity and desire for discovery. Wuxi is one of the birthplaces of the famed Wu culture, and the historical significance of this sought-after destination will be thoughtfully reflected in the hotel’s physical design and distinctly local offerings. When the hotel opens, we warmly welcome guests to rediscover the city of Wuxi with newfound curiosity.”

Located in the prime business district in downtown Wuxi, the Center 66 development was designed as a two-phase project. The first phase, opened to the public in September 2013, comprises a shopping mall that has attracted renowned brands from home and abroad, and an office tower complex. The second phase, located to the south of the current complex, will be a significant part of Center 66’s integrated development. Upon completion, Center 66 will be the iconic retail and commercial landmark in Wuxi’s core business district, incorporating a luxury shopping mall and Grade-A office towers with a hotel and serviced residences. As a lifestyle brand within the Hilton Worldwide portfolio, the Curio Collection by Hilton-branded hotel at Center 66 will be a crucial part of the Hang Lung international luxury experience in Wuxi.

About Hang Lung Properties

Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is recognized for leading the way in enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

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About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a of 18 world-class brands comprising nearly 6,900 properties and nearly 1.1 million rooms, in 122 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on Fortune’s 100 Best Companies to Work For list and been recognized as a global leader on the Dow Jones Sustainability Indices for five consecutive years. Hilton has introduced several industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the nearly 133 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy. With the free , guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit for more information, and connect with Hilton on , , , and .

About Curio Collection by Hilton
is a global portfolio of more than 115 one-of-a-kind hotels and resorts in nearly 30 countries and territories. Curio Collection properties offer guests authentic, curated experiences through distinctly local offerings and elevated amenities, while providing the benefits of Hilton and its award-winning guest loyalty program . Experience a positive stay at Curio Collection by Hilton by booking at or through the industry-leading . Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Learn more about Curio Collection by Hilton at , and follow the brand on , and .