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Tourism Sees Slow Start in Laos but Jump in July May Tip the Scales

Thai tourists participate in a morning almsgiving ceremony in Luang Prabang (Photo - Ven. Bounhao Panyasouk)
Thai tourists participate in a morning almsgiving ceremony in Luang Prabang (Photo - Ven. Bounhao Panyasouk)

Laos has seen just over 42,000 arrivals in the first six months of this year, but experts predict the numbers to increase by a large margin by the end of the year.

Asian University for Women in Bangladesh, the region’s premier liberal arts university, is offering full scholarships to high-potential students from India’s Dalit and minority communities

CHATTOGRAM, BANGLADESH – Media OutReach – 9 August 2022 – Asian University for Women (AUW) has announced new scholarships for outstanding Indian women who are first in their family to attend university. The scholarships will be fully funded from the general resources of the University, and while a student from any state in India (or, across the region or the world) may apply for admission to AUW, these scholarships are specifically intended for high-potential students from oppressed communities from the following states of India: (I) Bihar; (ii) Jharkhand; (iii) Orissa; and (iv) Assam. AUW currently have more than 20 students from Assam, Jharkhand, Kashmir, Mizoram, Nagaland and Odisha. A communication to this effect has already been transmitted to the Chief Secretaries of each of these states through His Excellency the High Commissioner of India in Bangladesh. The University exercises a preferential option for members of the Dalit and other ethnic or religious minority communities as. well as others who are unjustly treated by the Indian state or the communities at large.

His Excellency High Commissioner Vikram Doraiswami and Mrs. Doraiswani with AUW students at the AUW Library.

His Excellency High Commissioner Vikram Doraiswami and Mrs. Doraiswani with AUW students at the AUW Library.

AUW seeks students with high academic potential and an undeterred commitment to leadership and social change as exemplified by a demonstration of courage; outrage at injustice; and empathy.

Since its founding in 2008, AUW has offered close to 150 fully funded scholarships for Indian nationals covering all costs of room, board, tuition, travel, books and supplies and health care. One graduate, Savitri Kumari, has ranked first this year in Jharjhand Civil Service Exams.

His Excellency High Commissioner Vikram Doraiswami the Indian High Commissioner to Bangladesh has visited AUW’s campus in Chittagong several times. In encouraging more Indian nationals to take advantage of the excellent educational opportunities offered at AUW, His Excellency High Commissioner Doraiswami commented:

The Asian University for Women is a unique and pioneering project that is as outstanding as it is inspiring. It is developed in the simple but effective concept of giving every deserving young woman a chance to break out of both the age-old shackles of patriarchy and social constraints as well as the restrictions of cost and access that are the limitations of our modern age. I have had the good fortune to see the transformative impact that this University has exercised upon so many brilliant and committed young women, in a brief period of around a decade, and I have no hesitation in saying that this is a project that deserves our fullest attention and support. For us in India, the project delivers on the very goals that our Government has itself adopted, of “beti bachao, beti padhao”–save a girl, educate a girl–that has been instrumental in sparking a remarkable evolution in our approach to empowerment of women.

I have no hesitation in inviting attention and consideration for this University, its faculty, and above all, its remarkable group of resilient and committed young women, who deserve the best that life can offer them.

AUW Vice Chancellor, Dr. Rubana Huq said:

AUW seeks to facilitate, expand and promote educational opportunities for women in Bihar, Jharkhand, Orissa, and Assam. We hope that the outreach assistance from the Indian government will lead to recruitment of talented women who will later serve their communities with excellence and passion.

AUW’s founder Kamal Ahmad said in announcing these scholarships:

AUW’s vision is to create a society that is not separated by religion, caste or creed. We deplore political pogroms against the weakest of our societies and call upon all civilized elements in society to oppose such degradation of values so valiantly championed by Mahatma Gandhi, Rabindranath Tagore, Suhrawardi and Sheikh Mujibur Rahman and other leaders of integrity at the creation of our independence. By bringing young women of diverse backgrounds who have the courage to speak truth to power, AUW hopes to make its own small contribution in resisting the tyranny of prejudice and repression that is attempting to burn down our dreams of a different world. It is only logical that these efforts are rooted in Chittagong for it was the “Free State of Bengal” that resisted even at the time of Partition the forced divide of our nations on the basis of religion instead of recognizing our common humanity.

Hashtag: #AsianUniversityforWomen #AUW

About Asian University for Women (AUW):

Founded in 2008 and located in Chittagong, Bangladesh, AUW is the first of its kind: a regional institution dedicated to women’s education and leadership development through liberal arts and sciences education. It is international in outlook but rooted in the contexts and aspirations of the people of Asia. Chartered by the Parliament of Bangladesh, AUW exists solely to support a rising network of women leaders, entrepreneurs, and changemakers from across the region. It seeks out women who show significant academic achievement and potential, demonstrate courage and a sense of outrage at injustice, and are empathic to the woes of other people.

1160 students from 17 countries currently attend AUW: Afghanistan, Bangladesh, Bhutan, Cambodia, China, India, Indonesia, Lao PDR, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Syria, Timor Leste, Vietnam, and Yemen. More than 85% of AUW students are on full or near-full scholarships funded by supporters from around the world. The University has graduated over a thousand students to date. A majority of AUW graduates secure employment in the private and public sectors in their home countries while about 25% go on to pursue graduate studies at other institutions of higher learning including Oxford, Cambridge, Johns Hopkins, Stanford, Columbia, Duke, Brandeis and Tufts, among others. To learn more about Asian University for Women, please visit .

Korea’s LegalTech Virtual Data Room provides essential technological security for diversification of business, including M&A and attracting investment

LegalTech VDR supports maximum business efficiency through a secure virtual data room environment optimized for sharing confidential documents.

SEOUL, SOUTH KOREA – Media OutReach – 9 August 2022 – In recent years, companies have been actively engaged in short-term expansion and business restructuring through M&A. For example, global pharmaceutical and bio companies’ aggressive mergers and acquisitions (M&A) are rising. In 2018, the size of M&A in related fields totaled KRW 400 trillion and is expected to reach around KRW 1.6 quadrillion by 2022. They are proactively diversifying their business by merging with different industries following the growth of the online drug market.

During such intricate M&A processes, management and security of legal, accounting, and other confidential business data are important tasks for negotiations and the prevention of leakage of information. In such a scenario, Virtual data room (VDR) solutions with specialized functions for information sharing and collaboration with external experts are becoming increasingly popular. They are highly secure, convenient, and efficient for in-out technology licensing and contactless collaboration with global clinical trial data partners.

Korea’s Legaltech VDR is a cloud-based solution optimized for sharing confidential documents and managing information. It is possible to effectively manage the vast amount of research and experimental data accumulated during the R&D period. As a virtual data room solution, it guarantees fast upload and download speeds and offers a reasonable price as a feature – https://www.youtube.com/watch?v=hr7phYKXvEk .

VDR is a service that provides a highly secure environment for multilateral collaboration and sharing of confidential data. Although it was mainly used in M&A due diligence processes, recently, VDR has been used for a wider variety of applications as a collaboration solution for sharing confidential information such as technical data during an IPO, investment attraction, in-out licensing, and corporate due diligence.

A cloud-based solution optimized for confidential document sharing and information management, Legaltech VDR can effectively manage vast amounts of data. While other VDR solutions have a capacity limit of 500MB to 1GB, Legaltech VDR offers up to 2GB and takes less than 10 minutes to upload and download.

Legaltech VDR’s unique features are:

– Secure permission level management, such as folder access levels and download restrictions, can be managed in detail for each individual user.

– Security features, such as watermarks and disabling screen capture and printing, are applied to prevent external leakage of confidential data.

– The secondary authentication feature allows specific IP access, watermarks, and disabling screen capture.

Legaltech VDR also provides up to 83 file viewers, including MS Office, so users do not need to install additional programs; supports drag-and-drop of large-sized folders while maintaining their structure; and offers personalization functions for marking important files, attaching tags, and managing subscriptions. It improves the convenience of work and serves as an efficient collaboration tool with document request and comment functions.

Currently, there are 190 companies that use Legaltech VDR, with a majority of those companies in the pharmaceutical, bio, accounting, law, investment, and finance fields.

Legaltech VDR’s plans to expand its service to Singapore & other countries

With the increasing use of virtual data rooms worldwide, this industry is also growing rapidly. Experts predict that the market size of virtual data rooms will grow from $ 1.4 billion in 2020 to $ 2.7 billion in 2025.

Legaltech VDR (https://www.legaltech.kr/ ) is gradually increasing its market share in Korea, where it was developed, and is also turning its attention abroad. Legaltech VDR is expanding globally with its partners by attracting a strategic investment of $2 million in Japan in recognition of the technology and growth potential of its unique big data search engine.

In particular, the company has its eyes on Singapore, an active business environment for global companies. The country is rapidly growing as a digital business hub, with many global IT companies, such as Facebook and Twitter, already in business and a significant influx of Chinese IT companies.

Beyond security [SA1] and efficiency, there’s a growing demand for ESG solutions. Jeong In-ho, CEO of Legaltech, explains, “As ESG management has emerged as a global trend, companies are increasingly trying to apply eco-friendly elements throughout their business, with virtual data rooms becoming one of the key solutions to drive the change.”

He added – “We are expanding our efforts to ensure that virtual data rooms are used widely in today’s active business dealings with non-performing loans and are also planning to promote the paperless environment for businesses.”

Hashtag: #LegalTechVDR

Tmark Resort Vang Vieng Awarded Five Stars

Tmark Resort in Vang Vieng became the first resort in Vang Vieng to receive a five-star rating from the Ministry of Information, Culture, and Tourism on August 5.

AsiaInfo Announces 2022 Interim Revenue up by 15% and New Orders up by Over 30%

Highlights

  • Overall operation achieved a sound growth momentum with new orders growth of over 30% year-on-year;
  • Revenue amounted to approximately RMB3,109 million, up by 14.5% year on year;
  • Revenue from Three New Business surpassed RMB1 billion for the first time in a half-year, up by 81.4% year on year, and its proportion to the total revenue increased to 32.3%;
  • COVID-19 caused the delay in delivery and inspection of projects, creating short-term pressure on profits. Net profit2 (excluding share-based compensation expenses) amounted to approximately RMB262 million;
  • The net profit margin (excluding share-based compensation expenses) was 8.4%; and
  • With the ease of the epidemic, the positive momentum in revenue growth will be maintained and net profit will restore its growth momentum for the full year.

HONG KONG SAR – Media OutReach8 August 2022 – AsiaInfo Technologies Limited (“AsiaInfo Technologies” or “the Company” and its subsidiaries (collectively, “the Group”), stock code: 1675.HK) is pleased to announce the unaudited consolidated interim results of the Company for the six months ended 30 June 2022 (the “Reporting Period”).

Despite COVID-19, revenue growth sustained and increased by 14.5% year-on-year

With the official release of The Plan for Development of the Digital Economy in 14th Five-Year Plan Period, digital economy development plans have been issued and implemented rapidly in various regions, and digital technology is being fully integrated into the economy, people’s livelihood and other key areas. Facing the trend of digital transformation in the whole society, in the first half of 2022, guided by the business strategy of “One consolidation, Three developments”, the overall operating results of the Company maintained a sound growth momentum.

During the Reporting Period, new orders of the Company increased by over 30% year-on-year. The revenue of the Company amounted to approximately RMB3,109 million, up by 14.5% year on year. Among them, the revenue from the Three New Business amounted to approximately RMB1,004 million, up by 81.4% year-on-year, and its proportion to the total revenue increased to 32.3%.

In terms of profits, affected by COVID-19, the entry, delivery and acceptance of several projects of the Company were delayed, resulting in short-term pressure on profits. Gross profit reached approximately RMB1,054 million, up by 5.6% year-on-year. Excluding the share-based compensation expenses, the net profit amounted to approximately RMB262 million. With the ease of the pandemic in various regions after June, economic activities gradually resumed, driving the sustained and robust order bookings and the improvement of delivery efficiency, and the Company expected to maintain a sound momentum of revenue growth and the net profit is to restore its growth momentum for the full year.

The Board, after taking into full consideration of various factors including Shareholders’ returns, profitability, cash flow level and capital needs for future development of the Company, had decided not to distribute interim dividend for the Reporting Period and proposed to maintain the dividend payout ratio guidance of not less than 40% of the net profit for the year 2022.

Three New Business maintained fast growth with business structure optimized remarkably

In the first half of this year, the Company continued to implement the business strategy of “One consolidation, Three developments”. While continuing reinforcing its leading position in the Business Support Systems (“BSS”) market, Three New business showed solid growth momentum, and has become the main driving force for the rapid growth of the overall revenue.

For the DSaaS business, the Company completed the acquisition of iResearch Consulting at the beginning of the year, enhancing the DSaaS and intelligent decision-making capability and optimizing the revenue structure. During the first half of the year, the proportion of the revenue from industries outside the communications industry increased to nearly 40%. Moreover, the Company continued to innovate business models. Among them, the results-based and commission-based charging model helped improve customer trust, satisfaction and stickiness and was replicated at multiple customers in scale in the first half of 2022, and its proportion to the revenue of DSaaS (excluding iResearch Consulting revenue) increased to nearly 30%. During the first half of 2022, the Company’s DSaaS business achieved a revenue of approximately RMB484 million, up by 56.7% year-on-year, and its proportion to the total revenue reached 15.6%.

For vertical industries and enterprise cloudification, in the first half of 2022, the Company continued its focus on the five strategic industries, widened its footprint in the industries of government affairs, energy, transportation, finance and postal services, and achieved significant growth in business scale. Among them, energy and government affairs industries achieved significant growth in revenue, representing a year-on-year increase of 4.6 times and 1.7 times respectively. In energy industry, the Company promoted replications of core solutions such as energy middle office and 5G private network in nuclear power, wind power, thermal power and other markets, supporting customers to eliminate potential safety hazards, enhance synergy and operation efficiency. In the government affair industry, solutions such as government affairs big data and digital government have become important engines of revenue growth. In the first half of 2022, thanks to the continuous expansion of new and old customers in the vertical industries and the steady development of cloudification business, the Company’s revenue from vertical industries and enterprise cloudification business amounted to approximately RMB271 million, representing a year-on-year increase of 140.3%.

For the OSS business, the Company actively supported customers to establish an efficient, intelligent, neat and collaborative network operation management system. By improving its R&D and innovation, the Company’s 5G network intelligent products continued to drive the industry. During the first half of the year, with the acceleration of 5G construction in the country, the Company’s OSS business scale grew rapidly and achieved a revenue of approximately RMB248 million, representing a year-on-year increase of 88.7%.

For BSS traditional business, the Company actively answered customers’ new demand through technological innovation, deeply participated in the planning and construction projects of smart middle office and digital intelligence-related solutions for the three major telecommunications operators, helped customers achieve digital intelligence transformation, and continued to consolidate market leadership. In expanding new market, the Company successfully delivered 5G business support system project for China Broadcast Network (CBN), quickly supporting its nationwide launch of 5G service with high-quality customer service, five months after winning the bid. During the first half of 2022, COVID-19 led to the deferral in orders delivery and inspection, resulting BSS traditional business revenue amounted to approximately RMB2,065 million.

Driven by R&D, product capability continued to enhance

The Company always attached great importance to the R&D and continued to strengthen the product capabilities. In the first half of 2022, the Company increased investments in R&D with R&D expenses (excluding share-based compensation expenses) amounting to approximately RMB473 million, representing an increase of 8.7% year-on-year and accounting for 15.2% of revenue. In the first half of this year, the Company continued to intensively participate in 20 international/ national standards organisations, including 3GPP, ITU, ETSI, IEEE, TMF and O-RAN, etc. In terms of intellectual property rights, the Company added 44 new software copyrights certificates and 9 new patents, and made 50 new patent applications.

Through continuous refinement and enhancement of product capabilities, the Company has formed a structure based on “Middle Office” product system to empower three major product systems of “Digital Intelligence”, “Cloud Network” and “IT”, which has effectively contributed to the rapid growth of Three New Business. In digital intelligent product system and cloud network product system, the Company is at the forefront of the industry. In IT product system, the Company is among the tier-1 domestic vendors. As to middle office product system, the Company has built the foundation for the digital intelligence transformation of the industry.

Accelerate business development to achieve the goal of 2025

Looking forward, with the continuous strong demands for digital transformation of enterprises that brought by digital economy, the Company will always adhere to “One consolidation, Three developments” strategy, continue to strengthen the consulting & planning, product R&D, implementation and delivery, system integration, smart decision-making, data operation, customer service and other full-stack digital and intelligent capabilities, perfect the close-loop offerings for customers, and unswervingly strive to make solid progress towards the goal of “achieving a business scale of over RMB10 billion in 2025, half of which contributed by the new business”.

In terms of Three New Business, the Company will accelerate the business development, further promote Three New Business as the core driver for the rapid growth of the overall revenue. Meanwhile, the Company will deepen business collaboration, especially the intensive integration with iResearch Consulting, so as to create business synergy. For our traditional businesses, the Company will pay close attention to the digital and intelligent transformation needs of telecommunications operators and the development opportunities of new customers, empower customers with innovative and advanced products and solutions, expand the business landscape, and improve the efficiency, thus further solidifying the leading position in the telecommunications operators’ market.

The Company is fully confident about the long-term development and believes that with the ease of COVID-19 and the improvement of online operation, the delivery efficiency will be substantially improved and short-term pressure on profits during the first half of the year will be relieved. Further, the Company expects to maintain a sound momentum of revenue growth and the net profit will restore its growth momentum for the full year.

Note 1: Three New Business refers to Data-Driven Operation (DSaaS), vertical industries and enterprise cloudification, and Operations Support Systems (OSS) business.
Note 2: To facilitate comparisons of the overall operating performance of the Company in different periods, the net profit is adjusted to exclude the impact of recognition of share-based compensation expenses caused by the time difference of granting share-based compensation.
Hashtag: #AsiaInfo

About AsiaInfo Technologies Limited

AsiaInfo Technologies Limited was founded in 1993, and successfully listed on the Main Board of the Hong Kong Stock Exchange on 19 December 2018. Riding on consulting planning, product R&D, implementation and delivery, system integration, smart decision-making, data operation, customer service and other full-stack digital and intelligent capabilities, AsiaInfo Technologies provides software products and related services of business transformation and digitalisation for communication operators and corporate customers in industries such as finance, energy, transportation, government affairs, and postal services.

“hello Summer Privileges” welcomes 2nd phase of Consumption Voucher Scheme

Extension of Lucky Draw Rewards with Prizes worth over HK$2.5 million and extra hello points Customers with designated spending will get additional gift certificate

HONG KONG SAR – Media OutReach – 8 August 2022 – Get ready to enjoy enticing shopping rewards as shoppers join in with the second phase of the Consumption Voucher Scheme at malls under Hang Lung Properties Limited (SEHK Stock Code: 00101) (“the Company” or “Hang Lung”) this summer! Hang Lung Properties is launching the “hello Summer Privileges” campaign from August 5 to 21. Not only does Hang Lung Properties wish to further encourage members to spend at Hang Lung malls, but also leverage on the launch of the second round of the Consumption Voucher Scheme to create a synergy effect for bringing tremendous business opportunities for the mall tenants, as well as pushing forward the overall recovery of the retail market.

helloSummer-Privileges.jpg

During the promotional period, members with accumulated spending of HK$2,000 through designated electronic payment methods (Alipay HK, BoC Pay, Octopus, PayMe from HSBC, Tap & Go and WeChat Pay HK) at Fashion Walk, Peak Galleria, Grand Plaza, Hollywood Plaza, Gala Place, Amoy Plaza, Kornhill Plaza, and Central properties (1 Duddell Street, Baskerville House, Printing House and Standard Chartered Bank Building) will receive a HK$50 AEON gift certificate (each member will be eligible to redeem an AEON gift certificate once within the promotional period). Members can also participate in the “Summer Lucky Draw” campaign simultaneously, with six times or more lucky draw chances (on accumulated spending of HK$300 or above in Hang Lung malls, with a Lucky Draw entry, maximum of 10 chances a day). The winning rate is 100%, so everyone is guaranteed to receive a prize, and up to 1,000 extra hello points (earn an extra 200 hello points for every HK$300 spent). The prizes being given away worth more than HK$2.5 million in total.

For every HK$300 spent in malls, members get a lucky draw chance with 100% winning rate, giving away more than HK$2.5 million in prizes

The “Summer Lucky Draw” is taking place from now until August 31. Members who accumulate same-day spending of HK$300 and upload the receipt to Hang Lung Malls App will get an Electronic Lucky Draw chance. The promotion covers spending at Fashion Walk, Peak Galleria, Grand Plaza, Hollywood Plaza, Gala Place, Amoy Plaza, Kornhill Plaza, and Central properties (1 Duddell Street, Printing House, Baskerville House and Standard Chartered Bank Building). There is a maximum of ten chances to enter the lucky draw per day. In addition, hello members can earn an extra 200 hello points for every HK$300 spent with PayMe from HSBC, Tap & Go, WeChat Pay HK, BoC Pay, AlipayHK or Octopus (maximum of five times, totalling 1,000 hello points, refer to appendix for promotions details).

There are many great prizes ready to be won in the ‘Summer Lucky Draw’ campaign, and Hang Lung will give away more than 260,000 prizes and gifts with a total value of more than HK$2.5 million. The winning rate is 100%, and so everyone is guaranteed to receive a prize! To ensure there is something for everyone, a selection of leading home appliances, daily necessities, and great dining and shopping e-Coupons for customers are up for grabs, including: a first prize of 2,000,000 hello points, second prize of Apple iPhone 13 Pro 256GB (Alpine Green), third prize of HK$8,000 Hang Lung e-Shopping Coupons and fourth prize of Dyson Purifier Cool™ Formaldehyde TP09.Other fabulous prizes include: NINTENDO Switch Game Console (OLED Model), Marshall ACTON II Wireless Speaker, Philips HD9252/81 Essential Airfryer, Master Beef Private Reservation and Angus Beef Set 2-hour All-You-Can-Eat for 2 guests, HK$1,000 Broadway Gift Card, and HK$100 Decathlon e-Coupons, plus many more surprise rewards ready to be claimed!

hello Summer Privileges” campaign
Promotion period: August 5 – 21, 2022
Applicable malls: Fashion Walk, Peak Galleria, Grand Plaza, Hollywood Plaza, Gala Place, Amoy Plaza, Kornhill Plaza, and Central properties (1 Duddell Street, Baskerville House, Printing House and Standard Chartered Bank Building)
Promotion details: Achieve accumulative electronic spending of HK$2,000 through designated electronic payment methods (Alipay HK, BoC Pay, Octopus, PayMe from HSBC, Tap & Go and WeChat Pay HK) and be eligible to receive:

HK$50 AEON gift certificate
+
Six times or more “Summer Lucky Draw” chances with 100% winning rate
+
“Summer Lucky Draw” extra 1,000 hello points

Remark: Each member can redeem once within the promotional period.

Details of Promotion Campaign:

Promotion period: August 5 – 21, 2022 July 1 – August 31, 2022
Promotion: “hello Summer Privileges” “Summer Lucky Draw”
Applicable malls: Fashion Walk, Peak Galleria, Grand Plaza, Hollywood Plaza, Gala Place, Amoy Plaza and Kornhill Plaza and Central properties (1 Duddell Street, Baskerville House, Printing House and Standard Chartered Bank Building)
Promotion details: Starting from August 5 to 21, 2022, customers who achieve accumulative e-spending of HK$2,000 through designated electronic payment methods (Alipay HK, BoC Pay, Octopus, PayMe from HSBC, Tap & Go and WeChat Pay HK) and upload receipts through Hang Lung Malls App will be eligible to receive a HK$50 AEON gift certificate.

Redemption method:

Register via the Hang Lung Malls App

Starting from July 1 to August 31, 2022, accumulate same-day spending of HK$300 and upload the receipt to Hang Lung Malls App to receive an Electronic Lucky Draw chance. There is a maximum of ten chances to enter the lucky draw per day. In addition, hello members can earn an extra 200 hello points for every HK$300 spent, up to a maximum of five times, totalling 1,000 hello points.

Redemption method:

Register via the Hang Lung Malls App

Remarks: 1. hello members must spend through designated electronic payment methods (Alipay HK, BoC Pay, Octopus, PayMe from HSBC, Tap & Go and WeChat Pay HK) and upload receipts through Hang Lung Malls App to be eligible to receive the AEON gift certificate.

2. Quotas apply, and the AEON gift certificate are available on a first-come, first-served basis while stocks last.

3. Each member is entitled to receive AEON gift certificate once (One time) during the event period.

4. Eligible transactions can be enjoyed with other shopping privileges including but not limited to “Summer Lucky Draw” and “Birthday Bonus Point”.

5. Terms and Conditions apply

1. hello members must spend through designated electronic payment methods and upload sales receipts and electronic payment slips through Hang Lung Malls App to be eligible to participate in the lucky draw.

2. hello members must upload sales receipts and electronic payment slips through Hang Lung Malls App within seven calendar days of the relevant transaction (inclusive of the day of the relevant transaction); registrations cannot be made after 11:00pm on August 31, 2022 onwards.

3. The number of lucky draw chances are calculated based on the date of the relevant transactions indicated in the sales receipts and electronic payment slips, and for transactions conducted on the same day, a hello member is entitled to participate in the lucky draw up to ten times.

4. Each new hello member is entitled to participate in the lucky draw one extra time during the event period.

5. Terms and Conditions apply

Hashtag: #HangLungProperties

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.

For more information, please visit .

About hello Hang Lung Malls Rewards Programme

hello Hang Lung Malls Rewards Programme, along with the Hang Lung Malls App, will bring you the latest promotions and event information of over 600 merchants within our malls, including Fashion Walk, Peak Galleria, Grand Plaza, Hollywood Plaza, Gala Place, Kornhill Plaza, Amoy Plaza and Central Properties (including 1 Duddell Street, Printing House, Baskerville House and Standard Chartered Bank Building). Members can earn 1 hello point for every HK$1 spent and redeem exclusive privileges and extraordinary experiences available at our malls. Discover a world of excitement on one platform – brought to you by Hang Lung malls.

Explore now:

Download & register as a hello member now! Start exploring every side of you.

Grand Pharma Acquired 100% Equity of Hubei Bafeng, Further Expanding the Strategic Plan on High-quality Amino Acid Industry

  • Hubei Bafeng is one of the national pharmaceutical amino acid industrialization bases in China, with over 20 drug approval numbers;
  • After the acquisition is completed, Grand Pharma will become the pharmaceutical company with the most registration numbers of amino acid APIs in China;
  • Grand Pharma’s amino acid industry has leading technological advantages, and its products are sold to more than 140 countries and regions around the world.

HONG KONG SAR – Media OutReach – 8 August 2022 – Grand Pharmaceutical Group Limited (Grand Pharma, 0512.HK) announced that it has recently entered into an equity acquisition agreement with Hubei Provincial Bafeng Pharmaceuticals and Chemicals Share Co., Ltd., pursuant to which Grand Pharma will acquire 100% equity interests of Hubei Bafeng with RMB 270 million after the relevant conditions as agreed in the Acquisition Agreement are fulfilled.

The acquisition of Hubei Bafeng marks another strategic plan of Grand Pharma in the field of amino acid following its acquisition of Cangzhou Huachen BioTech Co., Ltd. in 2021. After the acquisition is completed, Grand Pharma will become the pharmaceutical company with the most registration numbers of amino acid Active Pharmaceutical Ingredients (APIs) in China, which will tremendously expand the Company’s high-quality amino acid product portfolio, further enhance and improve the Company’s market comprehensive competitiveness in the field of amino acid, and drive the sustained and rapid growth of amino acid business.

Founded in 1997, Hubei Bafeng mainly engages in the R&D, production and operation of amino acid APIs and preparations. It is one of the national pharmaceutical amino acid industrialization bases in China. Hubei Bafeng is GMP certificated, with over 20 drug approval numbers, among which, Compound Amino Acid Oral Solution (14AA) and Glutamic Acid, Alanine Acid Glycine Acid Tablets are exclusive preparation products. Hubei Bafeng has an annual production capacity of 3,000 tons of amino acid APIs, 20 million units of amino acid oral solutions and 750 million tablets (granules, bags) of amino acid preparations. It exports API products to over 20 countries and regions. After the transaction is completed, Grand Pharma will have 24 registration numbers of amino acid APIs, accounting for more than 70% of the registration numbers in the same segment, making it the pharmaceutical company with the most registration numbers for amino acid APIs in China. This will further reinforce Grand Pharma’s leading position in the high-quality amino acid segment.

Grand Pharma has been deeply engaged in amino acid industry for more than 20 years and has been upholding the spirit of technological innovation. With synthetic biology as the core, it first pioneered a world-leading innovative technology in China based on biological method to produce various amino acids, which filled the gap in the industry. The Company’s core product cysteine series ranked first in the world in terms of both market share and production capacity, and the production capacity of taurine ranked second in the world. Benefiting from the strategy of further expanding international business and big health business, Grand Pharma achieved sustained rapid growth in the field of amino acid in recent years. In 2021, its annual revenue was around RMB 1.82 billion, representing an increase of approximately 54.5% compared with the same period in 2020.

Grand Pharma always adheres to the core business concept of “new technology, high quality, full industry chain, and internationalization”, continuously enhancing the expansion in amino acid industry, and taking advantage of its industrial superiority based on pharmaceutical grade amino acids to extend into diversified amino acids.

New Technology:

With synthetic biology as the core and after years of scientific research, Grand Pharma has established eight technological platforms including enzyme engineering, fermentation engineering, process engineering, quality research and application conversion, etc., forming unique technical advantages in the construction and optimization of strains, regulation of metabolic pathways, control of fermentation, separation and purification as well as product application and development. Some of the its techniques have filled the domestic gap.

Through integrated innovation in multiple technological sectors, the Company has established an integrated collaboration system combining new product development, new technology engineering and industrialization as well as application solutions, offering robust support to continuous technological innovation and industrial localization. Among them, the fermentation production process with strain construction and optimization as the core and the enzymatic production process with immobilized enzyme as the core are not only capable of replacing traditional synthetic process, but can also greatly reduce carbon dioxide emission during the production process. It abundantly implements the concepts of “carbon peak” and “carbon neutrality” for energy saving, emission reduction, and green development, showcasing great economic and environmental benefits. By constant optimization of fermentation, separation and purification processes, it has achieved a leading position in the industry in key indicators such as output and yield. Through the technology which integrated fermentation and enzymatic methods (the production of industrial enzymes through the fermentation of industrial microorganisms), it uses the patented technology of immobilized enzymes to significantly shortens the time for enzymatic transformation, tremendously improves the yield and reduces product unit cost. By replacing the dangerous procedures in traditional synthetic process with biological enzymatic method, it significantly reduces the overall cost and improves production safety. The industry technological expressway established by Grand Pharma in the field of amino acid has already taken shape, and will gradually enter into the best period for returns. It has laid a solid foundation for original technological innovation and product industrialization.

Grand Pharma highly values the R&D team building and the integration of production and research. In the field of amino acid, it has a core technical team led by talents in the Hubei Province Hundred Talents Program. The Company has also established long-term strategic partnerships with many scientific research institutions including Tsinghua University, Wuhan University and Tianjin University of Science and Technology, etc. The Company now has more than 300 R&D and technical personnel, all of whom are from interdisciplinary backgrounds such as microbiology, applied chemistry, biochemical engineering, pharmacy and food science, etc. An innovation model integrated production, education, research and application, and the technological innovation talent echelon with clear division of responsibilities and complementary advantages in this field have already delivered fruitful outcomes. With 64 patents, it takes a leading position in the industry in terms of the quantity of invention patents. Core subsidiaries in this field have won multiple honors including the National and Provincial Specialized, Refinement, Differential and Innovation Enterprise, the National Intellectual Property Advanced Enterprise, China Light Industry Sulfur-containing Amino Acid Green Manufacturing Engineering Technology Research Center, China Export Leading Indicator (ELI) Sample Enterprise and Provincial Hidden Champion Enterprise, etc.

High Quality:

Grand Pharma’s amino acid products have obtained comprehensive quality certifications from home and abroad. Multiple products have been certified and registered within the food and drug administration system of many countries and regions including the European Union, the United States, Japan, Southeast Asia and China. Certifications the Company has obtained include EU GMP certification, Accreditation Certificate of Foreign Drug Manufacturer in Japan, KFDA Registration in Korea, MAPA certification in Brazil, Free Sale Certificate Attestation in Argentina; as well as ISO quality management system certification, FSSC22000 food system certification, GRAS certification in the U.S., HALAL certification, KOSHER certification, etc. The comprehensive certifications and registrations that Grand Pharma has obtained demonstrates its strong competitiveness in business expansion in overseas market.

Full Industry Chain:

After the completion of this transaction, Grand Pharma will have nearly 50 kinds of amino acids and derivative products including cysteine series, arginine series and taurine, as well as 24 registration numbers for amino acid APIs, accounting for more than 70% of the registration numbers in the same segment, making it the pharmaceutical company with the most registration numbers for amino acid APIs in China. Rich amino acid portfolio can better address the customized needs of the downstream market, as well as provide multi-variety and multi-standard one-stop service to enhance customer loyalty in the high-end application market. In addition to APIs, Grand Pharma is also actively expanding its preparations portfolio. Two functional dietary nutritional supplements developed by the Company, Citrulline Taurine Preparations patented in the U.S. for improving sports endurance, and Acetylcysteine Preparations for protecting respiratory health and boosting immunity, have both obtained FDA certification and were officially commercialized in the U.S. in 2021.

Internationalization:

The amino acid sales network of Grand Pharma covers more than 140 countries and regions around the world, including mainstream markets such as the EU, the U.S., Japan, Southeast Asia and China, with overseas business accounts for more than 50% of the total revenue, and some of the amino acid products rank among the top three in terms of market share. Based on technological break throughs and cost advantages, the Company has been supplying its core products to high-quality customers at home and abroad, including Fortune Global 500 enterprises such as Zambon, Sanofi and Nestle, etc. on a long-term basis, and has established stable cooperation relationships with both upstream and downstream customers. It has established a high level of brand recognition and market reputation around the globe.

Grand Pharma commented, In the future, the Company will continue to leverage its world-leading innovative process based on biological method in the field of high-quality amino acids, and its solid industrial foundation, industrial accumulation, rich amino acid product portfolio, high-standard quality certification system, powerful international registration and commercialization capacity to focus on the strategic plan on drug-related high value-added sectors including high-end parenteral nutrition preparations, innovative peptide medicines and cell culture media, etc., as well as big health consumer sectors including functional dietary nutrition supplements for sports protection, special medical and infant food, beauty and pet foods, etc. The broad downstream market space along with its great development potential will provide continuous and strong momentum for the Company in the field of amino acid.

For further information, please refer to Grand Pharma’s website at http://grandpharm.com/

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Heavy Rains to Continue Across Laos

Motorists in Vientiane commuting through rains this morning.

Following the recent heavy rains, parts of Laos will see even more rain and thunderstorms this week.