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Savour the Tastes of Korea with 7-Eleven’s New and Exciting Menu of 7-SELECT Ready-to-Eat Food

It’s no secret that Singaporeans love their food, especially Korean food! To help you get your K-food fix, 7-Eleven is back with a wider, even more mouth-watering range of Korean-inspired ready-to-eat food plus a series of 7CAFÉ limited-edition banana milk flavoured beverages. Check out their ‘daebak’ selection island wide from 31 March!

SINGAPORE – Media OutReach – 31 March 2022 – 7-Eleven is whisking you and your taste buds back to Korea, this time with a more extensive and exciting selection of Korean-inspired bites, authentic-tasting homestyle dishes and 7CAFÉ banana milk flavoured beverages! And, just like your favourite K-pop group, some fan favourites from last year are also making their long-awaited comeback!

711-SG.jpg

Unmissable must-eats in Korea are now available at your nearby 7-Eleven!

An all-new array of Korean delights is coming your way – including a comforting chicken broth, the latest must-try street snack and other delectable goodies that can be enjoyed on the go. This is one tasty menu you won’t want to miss out on!

7-SELECT Samgyetang (Korean Ginseng Chicken Soup) (U.P. $5.50) consists of tender and succulent pieces of chicken thigh boiled to perfection in a tasty broth containing sticky rice, jujube, American ginseng, served with a side of short grain rice. No menu would be complete without this iconic and beloved Korean summer dish – a soothing soup to keep your spirits up on hot and humid days!

7-SELECT Gilgeori Toast (Korean Street Toast) Sandwich (U.P. $3.60) is our take on the popular toasted sandwich – an irresistible Korean street food favourite! Onion omelette and picnic ham, along with a generous serving of shredded cabbage and carrot, is dressed with smoky BBQ sauce, mayonnaise and ketchup, then sandwiched between toasted bread. This delicious and filling bite also contains no added preservatives, making it a great choice for a hearty and wholesome breakfast or snack.

7-SELECT Yangnyeom Chicken Wrap (U.P. $3.60) features crisp, lightly fried chicken tossed in our signature sweet and slightly spicy Yangnyeom sauce then wrapped with shredded purple cabbage in a soft steamed tortilla. Piquant and tangy, this wrap is a harmonious blend of refreshing yet comforting tastes and textures.

7-SELECT Chicken Bulgogi Onigiri (U.P. $2) packs a punch when it comes to taste! Marinated pieces of roasted chicken are combined with a mouth-watering mix of authentic gochujang sauce from Korea, chilli flakes and mayonnaise then wrapped in fragrant rice and seaweed. This fusion of bold flavours makes a quick, easy, and mess-free snack on the go!

Banana milk is an ever-popular drink in Korea, beloved by locals and tourists alike, often seen being enjoyed by your favourite K-pop stars or in the latest must-see K-drama! To celebrate this iconic drink, 7-Eleven is launching a limited-edition series of 7CAFÉ banana milk flavoured beverages, the ideal partners to the Korean ready-to-eat menu. Try the classic 7CAFÉ Iced Banana Milk (U.P. $3.20), the perfect pick-me-up to beat the heat. Or level up your daily cuppa and treat yourself to a milky 7CAFÉ Banana Latte, available hot (U.P. $2.70) or iced (U.P. $3.50) to get your day off to a great start! They’re available for a limited time only so grab one before they’re gone!

Back by popular demand!

You wanted seconds? This top-selling trio from last year is now back for a limited time only so don’t miss out!

7-SELECT Kimchi Jiggae (U.P. $5.20), the family favourite and must-order at Korean restaurants is back! This Korean stew has a fiery kick and features kimchi and tofu in a chicken broth. Made using gochujang sauce from Korea, this hug in a bowl is the perfect balance of sweet, sour, and spicy.

7-SELECT Korean Jajangmyeon (U.P. $4.20) is also making a welcome return! A much-loved dish boasting firm yet tender fresh egg noodles topped with chunjang sauce – a black bean sauce imported from Korea – and fragrant spring onions for a salty yet slightly sweet taste.

7-SELECT Korean Spicy Rice Cakes (U.P. $3.20) – made with gochujang sauce and rice cakes sourced from Korea for a more authentic flavour ­– these tastes just like the real deal! The ultimate comfort food in Korea, this street food snack is enjoyed by all ages. What’s more, you can get $0.50 off 7-SELECT Korean Spicy Rice Cakes when you buy it with a 7-SELECT Samgyetang, Gilgeori Toast Sandwich or Yangnyeom Chicken Wrap from 1 Apr to 26 Apr 2022. Treat yourself!

Three more meal solutions with a Korean twist from Taste Asia round off the menu – take your pick from Taste Asia Korean Style Abalone Porridge (U.P.$3.20), Taste Asia Korean Spicy Chicken Stew with Rice (U.P.$4.80) and Taste Asia Cheesy Ramen with Grilled Gochujang Chicken (U.P.$4.80).

For more detail on launch dates and the promotion, please refer to this summary table:

Product

RSP

Promotion

Promo Period

Launch Date

7-SELECT Samgyetang (Korean Ginseng Chicken Soup)

$5.50

Get $0.50 off 7-SELECT Korean Spicy Rice Cakes with purchase of 7-SELECT Samgyetang/ Gilgeori Toast/ Yangnyeom Chicken Wrap

1 Apr – 26 Apr 2022

31 Mar 2022

7-SELECT Gilgeori Toast (Korean Street Toast) Sandwich

$3.60

7-SELECT Yangnyeom Chicken Wrap

$3.60

7-SELECT Korean Spicy Rice Cakes

$3.20

7-SELECT Chicken Bulgogi Onigiri

$2.00

Buy 2 for $3.80

31 Mar – 24 May 2022

7-SELECT Kimchi Jiggae

$5.20

7-SELECT Jajangmyeon

$4.20

Taste Asia Korean Style Abalone Porridge

$3.20

Taste Asia Korean Spicy Chicken Stew with Rice

$4.80

Taste Asia Cheesy Ramen with Grilled Gochujang Chicken

$4.80

7CAFÉ Iced Banana Milk

$3.20

7CAFÉ Banana Latte

$2.70 (Hot)

$3.50 (Iced)

More promotions and updates can also always be found on the official 7-Eleven Singapore Facebook and 7-Eleven Singapore Instagram pages.

About 7-Eleven

Established in Singapore in 1983, 7-Eleven has since expanded to more than 400 stores island-wide to become the leading 24-hour convenience chain store. We take pride in serving the Singapore community 24 hours a day, 365 days a year. 7-Eleven emphasises convenience and value by offering a wide array of quality products, food and services to satisfy the needs of its customers. Think 7-Eleven and what comes to mind are the refreshing Slurpee, 7CAFÉ as well as a wide range of quality ready meals and sandwiches under 7-SELECT. 7-Eleven is also a 24/7 one-stop destination for customers who need to access bill payment services in their own time. Our services cover payment of utilities, courier services, and even cash withdrawal.

For more information, visit

#7Eleven

Hong Kong Photo Contest 2021 (Organized by National Geographic Magazine Chinese Edition Presented by Wheelock) Winners Announcement

HONG KONG SAR – Media OutReach – 31 March 2022 – The Hong Kong Photo Contest 2021 drew to a close on December 3, 2021, with outstanding participation. While we only accepted photographs and short videos taken in Hong Kong, our entrants included photographers from many regions and countries, such as Mainland China, Taiwan, Macau, Singapore, Philippines, Bangladesh, Australia, Greece, Italy, United Kingdom, Iran, and the United Arab Emirates, and, of course, Hong Kong itself.

Duty – By Leung Hon Shing (Winner of People Category)

“This is the fifth consecutive year that Wheelock Properties have presented the Hong Kong Photo Contest with National Geographic Magazine Chinese Edition. We’re delighted to have received many submissions of superior quality. Even though our life has changed because of the COVID-19 pandemic in the past two years, this annual contest was still held to bring photography enthusiasts together to display their remarkable talent by telling stories of Hong Kong through photos and videos. Winner of People Category《Duty》by Leung Hon Shing depicts the very challenges facing workers across industries during the pandemic and reminds us to stay healthy. Congratulations to all the awardees! We look forward to the beautiful works from more distinguished photographers to showcase the unique beauty of Hong Kong on this platform in the future”, says Ricky Wong, Managing Director of Wheelock Properties.

Hong Kong Photo Contest 2021 is divided into six categories: “Landscape”, “Wildlife”, “City”, “People” and “Mobile Photography” and Short Video. This year, the Contest has received over 7,165 submissions from both photography enthusiasts and professionals.

The judging panel this year comprises National Geographic Documentary director Andrew Yao; renowned Hong Kong photographer Anthony Lau; and Lee Yungshih, editor-in-chief of National Geographic magazine Chinese edition.

Director YAO said, ” I’m delighted to be able to participate in the judging process of this year’s contest. It has allowed me to once again renew my perspective on Hong Kong’s urban, cultural and natural features through the “frame” of National Geographic. A video entry that chronicled the Yau Ma Tei Car Park Building before its demolition impressed me the most this year. Using time-lapse photography, the videographer succinctly captured the tenseness of Hong Kong’s daily life as well as the monotonous, if not mechanical pace of the city. It is a requiem for historical buildings, which when combined with its wonderful ending and soulful soundtracks, makes for a touching and deeply impressive piece of video work.”

Anthony says, “As a photographer born and educated in Hong Kong, it’s an absolute honour for me to be one of the judge in this contest. And for the second year, I am delighted to revisit my hometown with a lot of highly accomplished photo, both in terms of technical and story elements. Along with fellow contest judges, Mr Lee and Mr Yeo, we were entrusted with a difficult task to determine the winning shots from all of these great photos. The winning photos looked at the challenges that our home is facing from an elevated and artistics angle, while reminding us how beautiful our hometown is, even with thousands miles apart. Thank you everyone of you!.”

Lee from Taiwan says, “This year’s National Geographic Wheelock Hong Kong Photo Contest is once again full of pleasant surprises! We saw not only an increase in the number of submissions, but also a significant improvement in the quality of our shortlisted selections; In addition, there’s also a number of impressive entries in our first-ever short video contest category. I believe that over time, we will see even more mature and exciting video works documenting Hong Hong’s vitality in this new category. As for our future entrants, I look forward to seeing more photographers break Hong Kong’s stereotypical mold with their creativity as they attempt to capture the city in unique and surprising perspectives.”

The winning works will be exhibited at the following website and venues, all exhibitions are free of charge and open to the public.

3D virtual Exhibition

Website : https://bit.ly/HKPC2021VE3

Date : From now until 31 July 2022

Physical Exhibition (Online reservation required; guests are required to follow the social distancing arrangements)

1. KOKO HILLS Marketing Suite (For Club Wheelock members, winners and contestants only)

Address: 19/F, Tower 2, The Gateway, Harbour City, Tsim Sha Tsui

Date: 31 Mar – 6 Apr 2022, 2pm – 6pm

2. WLAB : Stay tuned at www.wlabcommunity.com for the details

3. Gallery by the Harbour, Harbour City : Stay tuned at www.hkphotcontest.com for the details


The Winners include:

City Category

Award Name Title
Winner Cheung Chun Him, Jeremy Man in the Mirrors
1st Runner-Up Wong Chun Yin On the Street
2nd Runner-Up Lam Kam Wah Recharge
Merit Lee Chung Ming Shocking Clouds
Merit Cheung Hoi Chung Aftermath – Under the Lion Rock
Merit Lee Chun Hong Moon rises over The Peak


Wildlife Category

Award Name Title
Winner Lee Ying Wah Caught it!
1st Runner-Up Kwok Chi Yung Let’s Eat
2nd Runner-Up Fung Tak Kwai Faltering Position
Merit Wong Man Ching Brother
Merit Lai Lok Yin Samuel Freedom on the Net
Merit Tam Hau Kin Let’s Dig In


Landscape Category

Award Name Title
Winner Tse Hon Ming Blossom in the Sea
1st Runner-Up Kan Keung Pun Buddha in the Mist
2nd Runner-Up Lo Chi Leung Louis Silent Night Thunder
Merit Sin Man Kit Sky Curtain
Merit Chen Ka Lok Uncanny Workmanship
Merit So Chun Yin Summer Surf!


People Category

Award Name Title
Winner Leung Hon Shing Duty
1st Runner-Up Ip Yun Hang In the Spotlight
2nd Runner-Up Ngai King Tung Yue Man Square and its Neighbours
Merit Chiang Tsz Kwan Smile
Merit Tse Kwing Cheung Jason Father and Son
Merit Cheng Wai Shing Time Flies


Mobile Photography Category

Award Name Title
Winner Chiu Bong Chi, Dominic Crimson Tide
1st Runner-Up Mak Wai Ming Reincarnation
2nd Runner-Up Ng Man Ting Can’t Live without Mobile Phone
Merit Ng Tang Kwai The Cat Manager
Merit Li Siu Ming Power
Merit Cai Muzi Back to the Future


Short Video Category

Award Name Title
Winner So Ka Chun Stay
1st Runner-Up Tse Yat Long Anson Cetaceans in Lantau
2nd Runner-Up Hu Jiaming, Kaming Hong Kong Marine Life
Merit Chui Chi Yuen Create Your Own Destiny
Merit Suen Chi Kit The Night Tram
Merit Guo Jiaxin, Li Yinwei, Lin Jingfan, Wu Mengfan The Birdcage Craftsman


For more information about “Hong Kong Photo Contest 2021”, please visit www.hkphotocontest.com

#HongKongPhotoContest

Workers Struggle to Survive on Low Minimum Wage

Workers at a garment factory, Vientiane Capital (Photo Credit: KPL)
Workers at a garment factory, Vientiane Capital (Photo Credit: KPL)

The Lao Federation of Trade Unions (LFTU) has urged businesses to pay a higher minimum wage.

Chairman of Vietnam’s FLC and Bamboo Airways Arrested, Replaced Amid Stock Manipulation Suspicions 

Trinh Van Quyet, one of the richest people in Vietnam, has been arrested on suspicion of stock manipulation. (AFP)
Trinh Van Quyet, one of the richest people in Vietnam, has been arrested on suspicion of stock manipulation. (AFP)

Vietnamese businessman Trinh Van Quyet has stepped down as Chairman of Bamboo Airways and real estate development company FLC after his arrest on suspicion of stock manipulation.

Sky Technologies Appoints Renowned Architect Bernard Zyscovich as Chair of Newly Formed Architectural and Real Estate Advisory Board

Architectural and Real Estate Advisory Board to Promote Adoption of the SkyPlug and Sky Platform in Single Family and Multi-Family Residential Applications

MIAMI, US – EQS Newswire – 30 March 2022 – SQL Technologies Corp. (NASDAQ:SKYX) (“Sky Technologies” or “the Company”), a Company significantly enhancing safety in homes and buildings as well as smart home lifestyle, with highly disruptive smart platform technologies and over 60 issued and pending patents globally, today announced that renowned architect and urban planning thought leader Bernard Zyscovich will Chair Sky’s newly formed Architectural and Real Estate Advisory Board.

Bernard Zyscovich, Founder and CEO of Zyscovich Architects, is an internationally recognized design and thought leader in holistic master planning and Real Urbanism. His major urban design projects as well as his writing on architecture and urban design have been published widely in numerous books and magazines. Zyscovich has lent his expertise to a varied group of professionals in the private and public sectors, such as the Florida Redevelopment Association, the National Association of Homebuilders and the New York Metro Transit Authority TOD Coordination Council, among many others. A Fellow of the American Institute of Architects, Zyscovich is also a recipient of AIA Miami’s highest honor, the Silver Medal Award, for Lifetime Achievement in Design. After studying urban design at the Universita’ di Architettura in Venice, Italy, Zyscovich received his architecture degree at New York’s Pratt Institute. Zyscovich’s numerous major projects include the development of Midtown, Miami, Dumbo Heights Mixed-Use Development, New-York, and the Bogota International Airport, Colombia.

Chaired by Mr. Zyscovich, Sky’s Architectural and Real Estate Advisory Board is expected to drive the adoption of Sky’s Plug Smart Platforms into multi-family residential buildings and communities.

Zyscovich said: “I am incredibly excited to join Sky Technologies to chair its Architectural and Real Estate Advisory Board, as I strongly believe that Sky’s disruptive smart platforms are game-changing for the integration of smart technologies into homes and buildings. Sky’s plug & play platforms empower new and existing homeowners, apartment building owners and builders to make their homes and buildings become smart-safe instantly.

“We are already in preliminary discussions with leading real estate developers and apartment building owners regarding the possibility of converting their buildings to smart-safe as a new standard. I look forward to working closely with the team at Sky to ensure these compelling technologies become ubiquitous in the marketplace,” concluded Zyscovich.

Rani Kohen, Founder and Executive Chairman of Sky Technologies, commented: “It is truly a great honor to welcome a thought leader like Bernard to the Sky technologies team. The breadth and depth of his experience in modern residential projects is without equal. Examples of his urban design projects can be viewed by clicking here. With the formation of our Architectural and Real Estate Advisory Board, I believe we are well positioned to enhance industry adoption at launch and create sustainable, long-term value for our shareholders.”

About SQL Technologies Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the standard.

(NASDAQ:SKYX) d/b/a Sky Technologies has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at or follow us on .

#SQL

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements, including with respect to the proposed initial public offering. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made and include statements relating to the Company’s ability to successfully launch, develop additional features and achieve market acceptance of its smart products and technologies, the Company’s efforts and ability to drive the adoption of Sky’s Plug Smart Platforms into multi-family residential buildings and communities, and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Investor Relations Contact:
Lucas A. Zimmerman
MZ North America
(949) 259-4987

Volt Inu Announces Migration Plans and Release of P2E Game

Malmo, Sweden – Newsfile Corp. – March 30, 2022 – Volt Inu (VOLT), a hyper-deflationary token, announced it is migrating to a new smart contract. This process should allow the project to develop faster and reach its goals, among other benefits. Furthermore, the development team also released Volt Inu 2D Racers, a browser-based online game using the play-to-earn (P2E) model.

Volt Inu released the VOLT token in December 2021 on Ethereum and Binance Smart Chain (BSC). Then, the total supply of tokens across both networks was 69,000,000,000,000,000,000,000 units.

photo.jpg

Volt Inu

Now, the developers have chosen to migrate the protocol to a new smart contract to accelerate its growth. Volt Inu is already working on the process with an experienced but unnamed partner. The migration should start in the first week of April when the team will also reveal the partner’s name.

The migration will divide the current VOLT supply by 1 billion. However, the users’ holdings will maintain the same USD value and market cap. Also, the process consists of a tax-free transaction sending the users’ VOLT V1 tokens to the migration address. Then, they will automatically go back as VOLT V2 tokens to their wallets.

The holders missing this migration period will have to wait up to one month to receive their VOLT V2 tokens. The team will have to manually check and approve their transactions, explaining the lengthy waiting time. Furthermore, those buying VOLT V1 after migration ends will not be able to convert them into VOLT V2 tokens.

Lastly, VOLT trades on Uniswap and PancakeSwap will not pause during migration. The only exception will be 1-2 hours at the end of the migration period.

Volt Inu Migration Benefits and Features

The primary reason for migrating to a new contract is the token’s present excess of decimals (19). Having such a long price creates technical difficulties on CEX listings. So, the migration will remove 9 decimals, thus making the listing on centralized exchanges more convenient. Lastly, those holding VOLT on CEXs will see the conversion to VOLT V2 automatically.

Another migration goal is making the VOLT token more deflationary. The token’s ETH smart contract currently comes with a 13% tax on all transfers. Out of this total tax, 4% goes to the liquidity pool. The migration should cut this tax in half. This will see the liquidity pool on Ethereum receive 2% and the other 2% will be sent directly to the burn address. The result will make VOLT more deflationary.

The migration will also help Volt Inu get closer to its long-term goal of becoming a DAO (Decentralized Autonomous Organization). The new contract will support treasury, marketing, and development tax allocations being directed to a DAO governed wallet when the time of the transition comes. As a result, Volt Inu would have better conditions for becoming a community-managed DAO.

Volt Inu 2D Racers Game

Volt Inu also announced the release of its new game, which will engage VOLT token holders as well as any other existing crypto project. Volt Inu 2D Racers is a P2E online game that users can play in their browsers. It features free races and pay-to-play projects, which they can choose or create before paying. The game’s goal is to get crypto prizes as well as buybacks & burns for participating projects by obtaining high positions on various leaderboards.

About Volt Inu

Volt Inu (VOLT) is a hyper-deflationary token running on Ethereum and Binance Smart Chain (BSC). Its goal is to support investments in various blockchain-based assets, such as NFTs, nodes, altcoins, staking, and stablecoin farming. Accessing a diverse investments pool enables VOLT to mitigate risk while benefiting from the possible non-correlated growth of trending assets.

For more information about Volt Inu, please follow the links below:

| Website | Twitter | Telegram | Whitepaper | Volt Inu Game |

Contact name: Jo Evans
Email: contact@voltinu.in

Velocity Global to double its workforce by empowering employees to work anywhere

DENVER, US – News Direct – 30 March 2022 –

  • Company offers unique benefits for remote work, currently employs 600+ in 47 countries
  • Company will double its team for second year running
Velocity Global to double its team in 2022


Velocity Global, the leading provider of global employment solutions, today announced that it will more than double in size throughout 2022 to help companies around the world put their people first by letting them work from anywhere. The company currently employs over 600 people in 47 countries across six continents.

“We’re doubling our team to meet the new reality for our clients and talent — anyone can work anywhere,” said Ben Wright, Velocity Global founder and CEO. “We fulfill dreams of a new way to work that puts our people in control of how they live their lives. We do it for our team as an example for our clients of how to attract and nurture the best talent in the world.”

This year, Velocity Global will add more than 600 team members, following last year’s growth in which the company also doubled in size adding more than 300. Velocity Global proudly offers unique benefits to meet the growing demand for remote work. This includes initiatives that enhance well-being and resilience to reduce work-from-home burnout, workspaces for those who need them, primary and secondary caregiver support, and of course, the opportunity to work from wherever they choose around the globe.

“What we are doing at Velocity Global is meeting our people where they are, empowering them to define who they are, and how we as an employer can be a meaningful part of their lives,” said Sarah Fern, chief people officer. “We put our people first in all of our employment practices, whether that is unlimited time off or our signature annual outreach program to travel anywhere in the world to take a coworker or client out for coffee. We work anywhere as a way of living life to the fullest, and deliver that same experience for our clients and talent around the world.”

In 2021, the Velocity Global careers page attracted more than 100,000 visits, in addition to talent who found job listings through LinkedIn or other platforms. Of these, a staggering 26,000 people applied for a job, and 300 were employed by Velocity Global.

Talent who are ready to be the CEOs of their own careers can visit the company’s careers page.

About Velocity Global

accelerates the future of work for anyone, anywhere, anyhow. Its Global Work Platform™ simplifies the employer and talent experience through its proprietary cloud-based talent management technology, backed by personalized expertise and unmatched global scale. The platform offers a full suite of talent solutions, including global Employer of Record and Contractor Management, to help companies onboard, manage, and pay talent in more than 185 countries and all 50 United States. Thousands of brands rely on Velocity Global to build international teams without the cost or complexity of setting up foreign legal entities or state registrations. Velocity Global was named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across six continents. For more information, visit .

#VelocityGlobal

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

Datang Announces 2021 Annual Results: Achieved Rapid Growth in Contracted Sales and Revenue Hit a New Record High; Stable Financial Situation with Sufficient Liquidity

Financial Review

(RMB million) For the year ended December 31
2021 2020 Change (%)
Revenue 11,254 10,588 +6.3%
Gross Profit 2,699 2,695 +0.1%
Net Profit 1,026 949 +8.0%
Net Profit Attributable to Owners of the Company 726 715 +1.5%

HONG KONG SAR – Media OutReach – 30 March 2022 – Chinese property developer ─ Datang Group Holdings Limited (“Datang” or the “Company”; together with the subsidiaries, the “Group”; HKEx stock code: 2117) is pleased to announce today the audited annual results of the Group for the year ended 31 December 2021 (the “year”).

In 2021, under the circumstances of the intertwined influence of century-old changes and the pandemic of the century, real estate developers in China have faced unprecedented challenges. Under the new situation and new challenges, the Group can only adhere to the original intention, return to the essence of the enterprise, pay attention to the quality of operation, and create value by putting customers as the center. During the year under review, the Group achieved stable growth in results. Revenue increased by 6.3% year-on-year to RMB 11.25 billion due to the increase in delivery of projects during the year; gross profit was RMB 2,699 million. Net profit amounted to RMB 1,026 million with a year-on-year growth of 8.0%; net profit attributable to owners of the Company slightly increased to approximately RMB 726 million as compared with that of 2020. Basic earnings per share were RMB 0.53. The Board of Directors does not recommend the payment of final dividend for the year ended 31 December 2021.

In 2021, the Group followed the geographical layout of 3+X, continued to focus on existing areas, consolidated the two urban agglomerations of the Western Taiwan Strait Economic Zone and Beibu Gulf Economic Zone, and established a relatively stable economies of scale. Meanwhile, the Group seized the opportunity of relocating the headquarters to Shanghai, and adopted various methods to expand into new cities including Guangzhou, Nanjing and Nanchang to further improve its regional layout in the Yangtze River Delta as well as the national layout. At the same time, the Group implemented a precise marketing strategy, and strengthened the integration of online and offline marketing methods. The Group also accelerated the pace of development and achieved rapid growth in contracted sales during the year, with contracted sales reaching a new high. For the year ended 31 December 2021, the Group’s contracted sales (including the contributions from projects of joint ventures and associates) amounted to approximately RMB50.58 billion. The average contracted selling price was approximately RMB10,255 per sq.m.

In response to the changes in the way of centralized land supply in key cities during the year, on the one hand, the Group actively studied the changes to the centralized land supply policy and its impacts; on the other hand, it also adhered to the investment standard of giving priority to cash flow indicators to efficiently replenish land reserves. During the year, the Group adopted land acquisition methods such as public bidding, auction and listing, and by forming joint ventures, to obtain a total of 24 pieces high-quality land parcels with a total planned gross floor area (“GFA”) of 6.08 million sq.m., successfully entering into the Yangtze River Delta region and Chengdu-Chongqing region and newly penetrated into three new cities, which further optimized the landbank distribution. As of 31 December 2021, the Group had a total of 146 real estate projects at different development stages in six major city clusters, with a total land bank of construction area of approximately 23.71 million sq.m., prepared for the Group’s sustainable and stable development in the coming year.

Besides property development business, the Group has businesses in investment and operation of commercial properties and hotel operation, thus diversifying the Group’s businesses. For the year ended 31 December 2021, the Group achieved a rental income of approximately RMB 91.10 million, representing an increase of 61.5% compared to 2020. The increase was mainly attributable to the additional rent from commercial space of Nanning Dynasty Tiancheng Phases I & II. The Group has eight commercial properties projects mainly located in Xiamen, Fujian province and Nanning, Guangxi province respectively. For the year ended 31 December 2021, the Group also achieved revenue from hotel operation of approximately RMB54.50 million, representing an increase of 14.0% compared to last year. The increase was mainly attributable to the improved performance of Xiamen Dynasty Ginlan Jia Hotel and Nanning Dynasty Congyue Hotel. Currently, the Group has two hotels in operation, namely Xiamen Dynasty Ginlan Jia Hotel and Nanning Dynasty Congyue Hotel.

While the performance has grown steadily in 2021, the Group continued to strengthen the cash collection from sales and the management of operating cash flow, the coordination capability of domestic and overseas funds, and improve the efficiency of capital utilization. The Group has maintained at least two fulfillments of the “Three Red Lines”, and made full use of domestic and overseas diversified financing channels. The Group continued to optimize the liability structure and well-prepared for dynamic risk warning and prevention. As at 31 December 2021, the net gearing ratio was 51.6%, and the cash to short-term debts ratio was 1.13 times, maintaining at a stable level. The Group had sufficient cash of approximately RMB5.51 billion, showing sufficient liquidity in a healthy financial position.

Looking ahead to 2022, Mr. Wu Di, Chairman of the Group concluded, “The Group will follow closely on the ’14th Five-Year Plan’ development strategy of China and continue to firmly implement the strategy of deploying urban agglomerations and cultivating metropolitan areas. The Group will grasp the trending opportunities in the new era of China’s real estate development and strive to open-up broader development room so as to further consolidate its industry and market positions and realize sustained and steady business growth. As housing demand for essential and improved housings will dominate the overall market, the Group anticipates that the Chinese government would continue to increase land supply and optimize the centralized land supply mechanism, which would lead to the overall performance of the land market becoming more rational and guide real estate enterprises into a development era of quality competition. Meanwhile, the Group will maintain good corporate governance, continuously improve comprehensive management capabilities, and enhance the construction of self-owned sales channels, ensuring that we achieve the annual sales target. Moreover, the Group will actively seek for promoting the Company to achieve steady development through introduction of strategic investors and platform resources, etc. in order to build a high-quality listed company with sustainable growth capabilities and to achieve a win-win situation for customers, employees, society, and shareholders.”

About Datang Group Holdings Limited

Datang Group Holdings Limited is a property developer in China focused on the development of residential and commercial properties in selected economic regions. Headquartered in Shanghai, the Group has expanded its business into major regions in China, including Western Taiwan Strait Economic Zone , Beibu Gulf Economic Zone, Yangtze River Delta Region, Chengdu-Chongqing Region and neighboring cities, etc. As of 31 December 2021, the Group has 146 major projects in various stages of development in major cities of The People’s Republic of China (“PRC”) and was ranked 67th among the Top 200 Real Estate Property Developers in PRC in 2021 in terms of contracted sales by CRIC, a real estate research institute in PRC. The Group’s shares were listed on the Main Board of The Stock Exchange of Hong Kong Limited on 11 December 2020 and were included in the MSCI China Small Cap Index on 27 May 2021.

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