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Farmmi Regains Compliance with NASDAQ Minimum Bid Price Requirement

LISHUI, China, April 3, 2025 /PRNewswire/ — Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ: FAMI), an agriculture products supplier in China, today announced that on April 2, 2025, it received notification from The Nasdaq Stock Market LLC (“NASDAQ”) confirming the Company has regained compliance with NASDAQ’s minimum bid price requirement under Listing Rule 5550(a)(2). NASDAQ noted this matter is now closed.

About Farmmi, Inc.

Established in 1998, Farmmi Inc. (Nasdaq: FAMI) is an agricultural products supplier, processor and retailer of edible mushrooms like Shiitake and Mu Er, as well as other agricultural products. Farmmi sells its products through the established distribution channels. For further information about the Company, please visit Farmmi’s website.

Forward-Looking Statements

No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations and intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers’ businesses and our end purchasers’ disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China, our ability to attract and retain skilled professionals, client concentration, industry segment concentration, and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Farmmi may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

For more information, please contact Investor Relations:
Farmmi, Inc.
Investor Relations
Tel: +86-0578-82612876
ir@farmmi.com 

FiinRatings upgrades F88’s credit rating outlook to ‘positive’


HANOI, VIETNAM – Media OutReach Newswire – 3 April 2025 – FiinRatings has upgraded F88’s credit rating outlook from ‘Stable’ to ‘Positive’, citing significant improvements in asset quality and the company’s strengthened leadership position in the alternative lending market.

F88’s ability to secure diverse capital sources ensures stable liquidity and a strong financial foundation to support its growth. Photo courtesy of F88
F88’s ability to secure diverse capital sources ensures stable liquidity and a strong financial foundation to support its growth. Photo courtesy of F88

FiinRatings, a leading credit rating agency in Việt Nam, made the announcement just weeks after S&P Global Ratings – one of the world’s top independent credit rating organisations – announced to acquire a 43.6 per cent stake in the company this past February.

This marks FiinRatings’ eighth update on F88 since its initial credit rating report on October 12, 2021. The upgraded outlook is expected to help F88 attract more lenders and reduce its cost of funds, further supporting its expansion.

According to FiinRatings, the decision to improve F88’s outlook reflects notable progress in business operations, capital mobilisation, liquidity and risk control.

“We assess that F88’s funding capacity and liquidity have improved compared to the previous rating, thanks to its continued success in diversifying funding sources from both domestic and international partners. The company’s plan to increase charter capital in 2026, along with a significant reduction in its average cost of funds, further strengthens its financial foundation,” FiinRatings stated in its report.

The agency also highlighted that F88’s ability to secure diverse funding sources ensures stable liquidity and a strong financial foundation to support its growth.

FiinRatings emphasised F88’s dominant position in the alternative lending market, noting its aggressive expansion plan to reach 1,000 stores by 2026, as a key factor behind the rating upgrade.

In 2024, F88 recorded loan balance growth of 22.7 per cent, significantly outperforming the consumer finance industry average of 3.84 per cent. The company also made strides in revenue diversification, with insurance services revenue growing 11.8 per cent, contributing 9.5 per cent of total revenue.

Financially, F88 remains well-positioned compared to industry peers.

The company’s Debt-to-Equity (D/E) ratio remained at 1.7, notably lower than the consumer finance industry median of 4.6, showcasing a healthy balance between risk and capital efficiency.

A liquidity stress test, which simulated a 50 per cent drop in loan mobilisation and no charter capital increase in 2026, showed that F88 would still maintain stable liquidity and meet all financial obligations.

F88 reported a net profit of VND351.3 billion in 2024, alongside a sharp decline in Cost to Income Ratio (CIR). Key financial indicators, including Net Interest Margin (NIM), Return on Equity (ROE), and Return on Assets (ROA), have all improved beyond 2023 levels and currently exceed industry averages.

“We project that F88 will continue to achieve strong after-tax profits, ranging between VND500-700 billion in 2025-2026, driven by its lending expansion strategy and disciplined cost control,” FiinRatings said.

A major contributor to F88’s favourable rating is its enhanced risk management framework and effective debt collection strategies.

FiinRatings noted that F88 has strengthened its ability to manage bad debts, supported by notable improvement in customer repayment capacity, stricter credit policies, enhanced risk appetite controls and effective cross-functional coordination. The company’s debt collection rate also saw a strong recovery, reaching 41.7 per cent in 2024, compared to just 15.6 per cent in 2023.

“We expect F88 to further improve debt collection efficiency and reduce credit losses, while maintaining prudent policies on debt classification, provisioning, and bad debt resolution. If this trend continues, F88’s credit cost/average adjusted loan balance ratio could decline to 19 per cent by 2026,” the report added.

Hashtag: #F88

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

About FiinRatings

FiinRatings is Việt Nam’s leading credit rating agency and a subsidiary of FiinGroup. Recognised by the Ministry of Finance, FiinRatings plays a crucial role in evaluating the financial health and creditworthiness of businesses, organisations and investment projects. Its ratings help investors, credit institutions, and the broader financial market assess risk, improve corporate transparency and attract capital.

About F88

F88 Business Joint Stock Company is the market leader in Vietnam’s alternative lending segment, focused on providing secured loans via vehicle titles, as well as insurance distribution and financial support services. As of December 2024, F88 had 868 stores across 63 provinces and cities and aims to expand to 1,000 locations by 2026.

“Cardboard Grannies Art” Exhibition: Transforming Trash into Treasure to Support Hong Kong’s Unsung Heroes

An empowering art and social change initiative supported by The Evangelical Lutheran Church Social Services – Hong Kong and YWAM Tuen Mun, featuring artist Go Hung, to raise awareness and funding for Hong Kong’s hardworking elderly recyclers


HONG KONG SAR – Media OutReach Newswire – 3 April 2025 – Despite Hong Kong’s prosperity, nearly one million of the city’s residents live in poverty, and elderly women are among the most vulnerable. Many toil as “Cardboard Grannies,” collecting recyclables for as little as HK$700 a month—without insurance, labor protection, or societal recognition.

Cardboard Grannies invitation-FINAL-EN

Based on NGOs’ statistics, Hong Kong has 4,000 to 7,000 cardboard collectors, and most are elderly women. These “Cardboard Grannies” collectively recycle approximately 138 to 159 metric tons of materials daily.

They are spending more hours and more days each week collecting cardboard, and more elderly individuals are entering the field, as they have few other options, according to NGOs’ survey.

To spotlight their plight and provide tangible support, The Evangelical Lutheran Church Social Service – Hong Kong (ELCSS – HK) and YWAM Tuen Mun present “Cardboard Grannies Art,” a special one-day exhibition featuring meaningful and symbolic artworks by acclaimed Hong Kong artist Go Hung, who transforms cardboard collected by these women into thought-provoking pieces critiquing inequality and waste.

Details of the Exhibition:
Date: 7 April 2025 (Mon)
Time: 12 PM – 9 PM
Venue: M4 Atrium, The Mills, 45 Pak Tin Par St, Tsuen Wan
Featured Artist: Go Hung

How It Works:
This initiative is built on a sustainable three-part model designed to create immediate and lasting change. First, Fair Pay for Labor: Cardboards used in the artworks were collected directly through the cardboard grannies —ensuring that they are compensated well for their tireless work. Next, Art with Purpose: The collected cardboard is handed over to artist Go Hung, whose socially conscious practice breathes new life into discarded materials. Through his creative vision, the grannies’ cardboard is transformed into 25 powerful artworks that challenge perceptions about value, waste, and inequality. Finally, Impact Through Purchase: Every artwork sold at the exhibition will directly benefit the Cardboard Grannies, with the proceeds funding essential support for them, such as food and insurance, to provide them with long-overdue security. By bridging art and activism, this project doesn’t just raise awareness—it creates a tangible and environmentally-friendly cycle of empowerment for the elderly recyclers.

1kgdp

So.Call Mobility


Appendix – About the Artwork

Name & Description Price (HKD)
“I’m a Collector”
“I’m a Collector” was created in response to the hype surrounding “Art Month,” where the spotlight often highlights the exclusivity and glamour of art collecting at fairs. In contrast, this work turns attention to the city’s elderly “cardboard grannies,” who collect cardboard and tin cans to resell, just to make ends meet.
Often well past retirement age, these individuals work outdoors year-round, exposed to harsh weather as they push heavy metal carts loaded with their “collections” through back alleys, steep streets, and traffic-heavy roads. The works shine a light on their quiet resilience, documenting a raw, overlooked reality while questioning societal values around labor, dignity, and what it truly means to “collect.”
HKD30,000
The Coin Series: “1kgdp”
“1kgdp” highlights the challenges faced by cardboard grannies during periods of economic instability. Inspired by the drop in street-recycled cardboard prices to HK$0.5 per kilogram in previous years, the design captures the impact of external factors such as China’s ban on importing certain types of waste and disruptions in Hong Kong’s wastepaper export industry. Each 50-cent coin weighs 1 kilogram and features a large-scale design with a diameter of 62 centimetres. Like its predecessor, it is crafted using three types of paper—cardboard, A4 paper, and newspaper. It symbolizes the ongoing struggles of the cardboard grannies and the precarious nature of their livelihoods.
HKD26,000
The Coin Series: “Spare Charge”
“Spare Change” reflects the struggles of Hong Kong’s cardboard grannies, who collect and sell cardboard as a means of survival. The design draws inspiration from the average price of cardboard in earlier years, when it was sold for HK$0.7 per kilogram. To symbolize this, each edition consists of seven 10-cent coins with a total weight of 1 kilogram. Crafted from materials commonly collected and resold by the grannies—cardboard, A4 paper, and newspaper—the coin serves as both a tribute to their daily efforts and a reflection of how seemingly insignificant contributions play a vital role in sustaining livelihoods.
HKD10,400
“So.call Mobility”
“So.call Mobility” (a play on “social mobility”) features 180 cardboard pillows suspended in six layers. The number 180 symbolizes the maximum days homeless individuals can stay in temporary shelters in Hong Kong, after which they face immense challenges finding housing due to high rents. The increasing gaps between the layers represent the widening wealth gap and diminishing social mobility.
HKD500 each pillow
“Shelter”
“Shelter” draws inspiration from the intricate nests of weaver birds to explore the concept of home. In nature, nests symbolize safety and stability—the desire for which is a universal instinct shared across species. Yet for humans, particularly in Hong Kong, the idea of home is often overshadowed by challenges such as skyrocketing property prices and economic struggles.
The nests in this installation are crafted from plastic straps commonly used by cardboard grannies to secure and bundle cardboard. These humble materials, repurposed into intricate forms, highlight the resilience and resourcefulness of those on society’s margins.
The installation features 14 “Shelters,” representing the number of government-recognized temporary shelters available for homeless individuals in Hong Kong. It serves as both a reflection on these physical spaces and a call to confront the city’s growing housing crisis.
HKD24,000
《同人》
《同人》 is a wordplay based on the Cantonese phrase 同人唔同命. Created for Art Month, this piece mimics paintings sold at auction houses by recreating them directly onto cardboard. Once the painted layer is torn off, it reveals the message “Sold for HK$0.5/kg” to the audience—a powerful commentary on the local and global wealth gap.
HKD4,550-HKD6,550

Hashtag: #CardboardGranniesArt

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

About ELCSS – HK:

Evangelical Lutheran Church Social Service – Hong Kong (ELCSS-HK) is one of the largest non-governmental organizations in Hong Kong, established in 1976. With an innovative, caring, and people-oriented approach, ELCSS-HK provides integrated services to grassroots communities and disadvantaged individuals. Currently, the organization operates more than 60 service units and 50 special projects throughout the territory, serving over two million headcounts annually. ELCSS-HK offers a wide range of services spanning small children, the elderly, families, schools, and the employment sector.

About YWAM Tuen Mun:

YWAM Tuen Mun is a charity dedicated to providing holistic care to the marginalized and neglected in Hong Kong. Their diverse team operates a food bank that supplies food assistance to a large network of charities in the city while also going to the ground to serve the elderly-at-risk, cardboard collectors, and street sleepers. Through interactive programs, the organization promotes social integration, fostering connections and support among vulnerable members of society. Additionally, YWAM Tuen Mun engages local community members through poverty awareness programs and volunteering opportunities, fostering understanding and compassion for those in need and empowering them to serve.

About Go Hung:

Go Hung is a Hong Kong-based artist known for his innovative use of cardboard and other materials collected from the streets. With a background in Digital Arts (BA, MA) from the University of West London and Camberwell College of Arts, he creates thought-provoking sculptures and installations that often return to the streets for public viewing. His works critique consumerist waste while addressing pressing social issues in Hong Kong and beyond. Described as “Hong Kong’s most versatile conceptual artist” and “Hong Kong Warhol,” Go Hung’s art has been exhibited globally, including in Brazil, China, Denmark, Iceland, and the UK.

Laos Sets Ambitious Targets for Energy, Mining Sector

Phu Bia Mining and Xayaburi Hydroelectric Power Dam
Phu Bia Mining and Xayaburi Hydroelectric Power Dam. (Photo: JCLao/ AMRO)

Lao Prime Minister Sonexay Siphandone has outlined a vision for the energy and mining sector, aiming to increase its contribution to 25 percent of the country’s gross domestic product (GDP) by 2030 while ensuring sustainable development and financial stability.

MSquare Technology Wins Dual Gold at the 2025 Asia-Pacific Stevie® Awards

SHANGHAI, April 3, 2025 /PRNewswire/ — MSquare Technology and its founder & CEO, Wendy Chen, were awarded top honors at the 2025 Asia-Pacific Stevie® Awards. MSquare received the Gold Stevie® for Most Innovative Tech Startup of the Year – Service, in recognition of its cutting-edge IP and Chiplet solutions. Wendy Chen was named the Gold Stevie® winner for Most Innovative Woman of the Year, honored for leading MSquare’s innovation journey while empowering women across the technology sector.

MSquare Technology wins dual Gold Stevie® Awards for innovation in tech and leadership
MSquare Technology wins dual Gold Stevie® Awards for innovation in tech and leadership

The Stevie® Awards are widely regarded as the world’s premier business honors, celebrating the achievements of organizations and professionals worldwide. The Asia-Pacific Stevie® Awards are the only regional program that specifically recognizes innovation in the workplace across all 29 markets in the Asia-Pacific region. This year, more than 1,000 nominations were submitted. Amid strong competition, MSquare Technology and Wendy Chen stood out as a rare dual winner—recognized both as a company redefining semiconductor innovation and as a female leader driving transformation and inclusion in tech.

Since its launch in 2021, MSquare Technology has rapidly emerged as a key innovator in IP and Chiplet solutions, delivering breakthroughs in Chiplet interconnectivity and high-performance computing. Its achievements are backed by 78 granted patents and multiple international certifications, including ISO9001 and ISO26262. Driven by a vision to build an open ecosystem for AI and Chiplet technology, the company has demonstrated strategic focus through robust R&D investments and partnerships with leading foundries. With a global presence and deep innovation capabilities, MSquare is well-positioned to lead the next phase of semiconductor development—aligning with the standards of corporate innovation recognized by the Stevie® Awards.

Central to MSquare Technology’s innovation journey is the leadership of its founder and CEO, Wendy Chen. With over two decades of semiconductor industry experience, Wendy has led pioneering advancements in Chiplet solution and high-speed interface IP, positioning MSquare as a leader in AI and data center applications. Furthermore, her commitment to inclusive leadership has inspired more women to pursue careers in tech. Wendy’s ability to balance business expansion, sustained R&D investment, and people-centered leadership offers a compelling model for success in this traditionally male-dominated industry.

Wendy Chen acknowledged the dual honors with gratitude, saying, “These awards are not just for myself or the company, they belong to the entire MSquare team. We will continue striving to drive breakthroughs in AI computing through innovative IP and Chiplet technology, and to foster an open, collaborative ecosystem for global technology progress.”

About MSquare Technology:

MSquare Technology, incorporated in 2021, is a leading provider of integrated circuit IPs and Chiplets, dedicated to addressing the challenges of chip interconnectivity and vertical integration in the smart economy era. MSquare operates offices in Shanghai, Tokyo, Sydney, and San Jose, comprising a team of a few hundred employees, with 80% dedicated to research and development. MSquare strives to foster an open ecosystem service platform for AI and Chiplets, providing comprehensive support for innovation and development within the IC and Chiplet industry.

About the Stevie® Awards:

Stevie Awards are conferred in nine programs: the Stevie Awards for Women in Business, the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service, and the Stevie Awards for Technology Excellence. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations and territories. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide.

 

Peace and Sport launches the #WhiteCard 2025 campaign to promote peace through sport

MONACO, April 3, 2025 /PRNewswire/ — On the occasion of the International Day of Sport for Development and Peace, the Organization Peace and Sport launched the #WhiteCard 2025 campaign from Monaco. This global movement aims to highlight the role of sport as a vector of peace and social inclusion, with a particular focus on the 460 million children living in conflict zones.

To view the Multimedia News Release, please click: 
https://www.multivu.com/peace-and-sport/9328051-en-launches-its-whitecard-2025-campaign

A global call to action

According to UNICEF, one in six children lives in a conflict zone, facing the loss of access to education, the absence of playgrounds, and the risk of social exclusion. In response to this reality, Peace and Sport advocates for increased investment in sports, a tool recognized by the United Nations as essential for reconciliation, conflict prevention, and post-conflict reconstruction.

Peace education is at the heart of this initiative. Sport serves as a powerful educational tool, teaching essential values such as respect, teamwork, and resilience. By integrating sports for peace programs into educational systems, particularly in conflict-affected areas, children can regain access to structured learning environments that foster both academic and personal growth. Furthermore, sports play a crucial role in post-conflict reconstruction by helping reintegrate displaced youth, rebuild communities, and promote social cohesion. Peace and Sport urges policymakers and institutions to prioritize investment in sports for peace to ensure every child has the opportunity to learn, develop, and contribute to a peaceful and resilient society.

Support from renowned champions

The #WhiteCard 2025 campaign is supported by prominent sports figures, the Champions for Peace. Among them are Didier Drogba, Vice President of Peace and Sport, as well as Grace Geyoro (France, Football), Cheick Cissé (Ivory Coast, Taekwondo), Zakia Khudadadi (Para-Taekwondo) Siya Kolisi (South African, Rugby), Clarisse Agbegnenou (France, Judo), and Egan Bernal (Colombia, Cycling). All are committed to raising public awareness of the impact of sport in building more peaceful societies.

Join the movement

The official launch took place in Monaco in the presence of H.S.H. Prince Albert II of Monaco, a strong advocate for sport as a tool for peace and Patron of Peace and Sport.

Peace and Sport invites the international community around the world to join the movement by sharing their #WhiteCard and the message on social media. A simple gesture, yet one that carries a powerful message: sport is a right and a vital tool for building a better future.

Contact:

cb@peace-sport.org

 

 

Peace and Sport launches its #WhiteCard 2025 campaign

 

Visual campaign #WhiteCard
Visual campaign #WhiteCard

 

 

 

 

 

 

HGC Strengthens International Business Leadership with More Focused Roles for Cliff Tam and Ravindran Mahalingam

Strategic realignment enhances performance of HGC’s international business and fosters closer cooperation to achieve business globalisation


HONG KONG SAR – Media OutReach Newswire – 3 April 2025 – HGC Global Communications (“HGC” or the “Group“), a fully-fledged ICT service provider and network operator with extensive global coverage, today announced the evolution of its international business (“IB”) leadership structure, with Cliff Tam and Ravindran Mahalingam taking on more focused roles to drive the Group’s international business growth. This strategic move underscores HGC’s commitment to strengthening its IB operations, ensuring agility and leadership in an evolving industry landscape.

Photo caption: (Left) Cliff Tam, Senior Vice President, International Business & Global Data Strategy of HGC; (Right) Ravindran Mahalingam, Senior Vice President, International Business & Digital Infrastructure of HGC
Photo caption: (Left) Cliff Tam, Senior Vice President, International Business & Global Data Strategy of HGC; (Right) Ravindran Mahalingam, Senior Vice President, International Business & Digital Infrastructure of HGC

Under the new structure, Cliff Tam, Senior Vice President, International Business & Global Data Strategy, will broaden his responsibilities from data strategy development and operations to also oversee the Global Carrier Management and Wholesale, OTT Business and International Corporate Business, managing overall IB operations; while Ravindran Mahalingam, Senior Vice President, International Business & Digital Infrastructure, will focus on in-country business expansion and digital infrastructure, overseeing voice, carrier and cloud communications, mobile identity and authentication.

Andrew Kwok, Chief Executive Officer of HGC, said, “Our international business is entering an exciting new chapter of growth, driven by the evolution of market demands in AI, cloud, and global digital infrastructure. Our belief remains steadfast: 1) We are committed to delivering solutions for our customers far beyond just connectivity; 2) Building and maintaining our enduring infrastructure; 3) Embracing the philosophy of shared use and collaboration with our partners and customers. This leadership evolution strengthens our focus, resource utilization, and ability to deliver on our promises. Please join me and our executive team members, with whom you have shared a longstanding relationship, in celebrating the journey towards a promising future filled with success.”

Cliff has held key leadership positions in HGC’s IB for over 20 years and has extensive expertise in telecommunications, with a career spanning 30 years in the industry. In his expanded role, he will spearhead the international data business, driving accelerated growth the carrier wholesale and international enterprise businesses. Cliff will continue to shape HGC’s leadership as the partner of choice for OTT providers, cloud/SaaS companies, and digital media platforms, ensuring cutting-edge solutions for customers worldwide, while strengthening enterprise offerings to support businesses in their AI adoption and digital transformation journeys in line with market demands.

Cliff Tam, Senior Vice President, International Business & Global Data Strategy of HGC, said, “HGC’s international business has always been at the forefront of innovation, and I am excited to further contribute to its success. Leveraging my deep understanding, experience and expertise in international business, our team will continue to empower our customers with AI-led digital solutions. Together with HGC veteran Ravindran and our talented teams, we will further reinforce HGC’s position as a trusted global partner.”

With 33 years of experience in telecommunications, including 23 years at HGC, Ravindran Mahalingam has been instrumental in formulating the group’s strategic global business plans and driving its development. In his new capacity, Ravindran will focus on business expansion and exploring HGC’s investments in digital infrastructure, including subsea cables, Data Center Interconnect clusters, and more, to secure strategic partnerships that will bolster HGC’s international footprint and enhance its service capabilities.

Ravindran Mahalingam, Senior Vice President, International Business & Digital Infrastructure of HGC, said, “HGC’s shared network philosophy and commitment to global investment is enabling us to unlock new opportunities in digital infrastructure. As demand for high-speed, reliable connectivity grows, we will continue to explore and invest in innovative solutions that support the global digital economy, accelerating the Group’s international expansion and reinforcing HGC’s commitment to global connectivity and innovation.”

Photo Caption: Paul Lai, Senior Vice President, Global Carrier Management and Wholesale of International Business of HGC
Photo Caption: Paul Lai, Senior Vice President, Global Carrier Management and Wholesale of International Business of HGC

The leadership evolution will also reinforce carrier’s collaboration at HGC. Paul Lai, Senior Vice President, Global Carrier Management and Wholesale of International Business, brings 26 years of telecom experience including more than 20 years at HGC. His extensive expertise in global carrier business and strong relationships with over 400 global carriers have been pivotal in driving HGC’s growth. Additionally, his successful leadership in the in-country project of digital infrastructure development in the Philippines underscores his strong readiness to thrive in this expanded role.

Paul Lai, Senior Vice President, Global Carrier Management and Wholesale of International Business of HGC, said, “HGC’s global carrier business has been propelled by our dedication to delivering agility and flexibility solutions to meet partners’ needs. I look forward to working closely with both Cliff and Ravindran to accelerate global carrier business growth as well as deepen collaboration with partners worldwide.”
Hashtag: #HGC #HGC環電 #Leadership #HGCInternationalBusiness #GlobalGrowth #ICT #DataStrategy #DigitalInfrastructure #CarrierCollaboration #Telecommunications #CloudCommunications #GoAhead #GotYourBack




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

About HGC Global Communications Limited

HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 20 global offices and staff presence in 33 cities worldwide. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate, SME and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. In 2019, HGC Group completed the acquisition of Macroview Telecom Limited (Macroview), a leading digital technology solution and managed services provider. The addition of Macroview further accelerates HGC Group’s digital transformation path and positioning as a pioneering ICT and digital services leader. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities, transport, social infrastructure, digital infrastructure, and environmental infrastructure in North America, Europe, Latin America and Asia.

To learn more, please visit HGC’s website at:

A Sole Mobile Operator’s Race to Reconnect Myanmar After Earthquake

NAYPYITAW, Myanmar, April 3, 2025 /PRNewswire/ — In the wake of the 7.7 magnitude earthquake that rocked Myanmar on March 28, a sole mobile operator – Mytel has emerged as a cornerstone of recovery, swiftly restoring communication networks and delivering critical aid to millions impacted by the disaster.

A Sole Mobile Operator’s Race to Reconnect Myanmar After Earthquake
A Sole Mobile Operator’s Race to Reconnect Myanmar After Earthquake

The operator’s response was immediate and far-reaching. Within a day, its engineers deployed dozens of mobile broadcasting stations and activated backup systems, reviving network coverage in the heavily affected cities of Mandalay and Naypyitaw.

This effort was led by Mytel, a leading telecommunications provider in Myanmar and a brand of Viettel Group, known for its commitment to the nation’s connectivity. By April 1, international connectivity was fully restored, and over 90% of the mobile network in the disaster zone was operational again, despite initial damage to more than 2,100 base stations. This rapid action kept essential communication lines open for residents and rescue teams.

Alongside technical efforts, the operator launched an emergency relief initiative within hours of the quake, offering over 4 million customers free access to 1GB of data, 300 call minutes, and 300 SMS messages to reconnect with loved ones and access vital updates. To counter widespread power outages, it set up over 500 mobile charging stations across affected regions. The company also distributed 10,000 meals and nearly 5 tons of food, with plans to expand aid in the coming days.

As Myanmar appealed for global support and international rescue teams arrived, the operator provided crucial assistance. It supplied nearly 1,000 SIM cards to responders, along with 20,000 additional SIMs and 100 Wi-Fi hotspots to streamline coordination. Five mobile base stations were deployed, and 46 existing sites were optimized to boost connectivity for field hospitals and search-and-rescue operations in Mandalay and Naypyitaw. Staff from the operator joined Vietnamese and international teams in hands-on recovery efforts.

A spokesperson emphasized the operator’s commitment: “Our goal is to empower Myanmar’s people through connectivity and support, especially in times of crisis.” Rooted in a mission to advance the nation’s socio-economic development, this mobile operator continues to play a pivotal role in Myanmar’s resilience and recovery.

About Mytel

Mytel is a leading telecommunications operator in Myanmar and a brand of Viettel Group. Launched with a mission to empower the people of Myanmar through digital connectivity and services, Mytel is committed to investing in robust infrastructure and initiatives that contribute to the nation’s progress and the welfare of its citizens.