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New Bank of Laos Governor: Mismanagement of Foreign Currency Rife

Foreign currency (US Dollars)

Newly-appointed Governor of the Bank of Laos, Mr. Bounleua Sinxayvoravong, addressed the National Assembly about the challenges and difficulties faced by the nation in regard to foreign exchange management.

CSG Customer Engagement Solutions Earn Top Marks from Multiple Leading Analyst Firms

Positioned as a leader by industry analyst firms, demonstrates depth, innovation and expertise of end-to-end platform

DENVER, US – News Direct – 29 June 2022 – In today’s world of instant gratification, second chances to impress consumers are hard to come by, making it critical to get every interaction right the first time. Global brands are clamoring for intelligent automation that delivers personalized, relevant and interactive experiences in real-time across the entire customer lifecycle. CSG® (NASDAQ: CSGS) is answering this call. With a best-in-class, end-to-end suite of solutions and an integrated omnichannel approach, CSG continues to garner the recognition of industry-leading analysts at Forrester and Quadrant Knowledge Solutions.

In recent months, CSG has been recognized as a:

  • A Leader in The Forrester Wave™: Journey Orchestration Platforms, Q2 2022: the Forrester report states: “CSG acquired Kitewheel – a regular leader in the journey orchestration space – to bring together journey analytics and orchestration…”
    • Forrester recognized CSG with a top score in the current offering category and gave top scores in the journey discovery, and journey automation and orchestration criteria. The report states CSG’s current offering strengths include “connecting the data, analyzing journey behavior, including a visualization of which steps have the biggest impact on the overall journey; and analyzing business impact.”
  • A Leader in the SPARK Matrix™: Customer Communication Management (CCM), 2022
    • CSG’s customer engagement channels help “organizations enhance customer engagement, reduce churn, reduce operating expenses, easily launch new digital services and enter new markets efficiently.”
  • A Leader in the SPARK Matrix™: Customer Data Platform (CDP), 2022
    • Quadrant Knowledge Solutions notes, “CSG’s CDP platform provides comprehensive capabilities, including data collection and ingestion, profile unification, segmentation, analytics, as well as BI and activation.” the comprehensive CDP capabilities help organizations have a data-driven approach to provide compelling and engaging customer experiences.”
  • A Contender in The Forrester Wave™: Real-Time Interaction Management, Q2 2022
    • The report states that CSG benefits from Kitewheel’s “expertise in customer journey design and analytics, business rules logic, and communications cadence. Integrating Kitewheel with CSG’s stronger CDP and analytics tools will be critical to drive more real-time model execution…”

“Global brands trust CSG to help them win with their customers because we’ve demonstrated time and again that we not only understand their business but deliver results,” said Eric Carrasquilla, senior vice president, digital engagement solutions, CSG. “Our SaaS platform, CSG Xponent™, breaks down data silos to create a true and complete view of the customer. This holistic picture allows companies to deliver personalized, predictive and proactive communications that drive better business outcomes, quicker time to value and lower risk. This is our 40-year plus pedigree and why industry analysts consistently rank CSG among the top CX solution providers across the entire customer lifecycle.”

CSG Xponent leverages existing data, technology and communication channels to create extraordinary experiences using a unified, cloud-powered engagement platform. Xponent combines a robust customer data platform, industry-leading customer journey orchestration and analytics, and proven omnichannel communications all in one solution or via components of this portfolio. With Xponent, brands can extract meaningful insights from their data to personalize experiences in real-time and at scale across a multitude of channels, journeys and lines of business. CSG successfully supports clients with high-impact CX solutions in a multitude of industries, including broadband and communications service providers, financial services, retail, healthcare and more.

For more information on CSG’s unified customer engagement portfolio, visit https://www.csgi.com/capabilities/customer-engagement/unified-cloud-engagement-hub/.

About CSG

CSG is a leader in innovative customer engagement, revenue management and payments solutions that make ordinary customer experiences extraordinary. Our cloud-first architecture and customer-obsessed mindset help companies around the world launch new digital services, expand into new markets, and create dynamic experiences that capture new customers and build brand loyalty. For 40 years, CSG’s technologies and people have helped some of the world’s most recognizable brands solve their toughest business challenges and evolve to meet the demands of today’s digital economy with future-ready solutions that drive exceptional customer experiences. With more than 5,000 employees in over 20 countries, CSG is the trusted technology provider for leading global brands in telecommunications, retail, financial services, and healthcare. Our solutions deliver real-world outcomes to more than 900 customers in over 120 countries.

To learn more, visit us at and connect with us on and .

Copyright © 2022 CSG Systems International, Inc. and/or its affiliates (“CSG”). All rights reserved. CSG® is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved.

#CSG

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

HONMA Golf Announces Record Annual Results for FY2021/22 Robust Growth across All Products and Markets

HONG KONG SAR – Media OutReach28 June 2022 – HONMA Golf Limited (“HONMA”; together with its subsidiaries, the “Group”; HKEx stock code: 6858), one of the most prestigious golf brands worldwide, announced today its consolidated results for the year ended 31 March 2022 (the “Period”).

Financial Highlights

  • All key financial metrics improved significantly, with the Group’s revenue, profit before tax and earnings per share reaching record highs since its IPO listing.
  • Group revenue of JPY28,971.1 million (equivalent to USD249.2 million), up 27.4% versus FY2020/21.
  • Gross profit margin of 54.1%, up 3.8 percentage points from the same period last year.
  • Profit before tax for the year increased significantly by 212.4% to JPY7,560.3 million (equivalent to USD65.0 million), with earnings per share increasing by 233.0% to JPY10.22.
  • Operating cash flow was JPY5,916.5 million (equivalent to USD50.9 million), up 48.5% year-on-year.
  • The Board proposed a final dividend of JPY2.0 per share, together with the interim dividend of JPY1.5 per share, total dividends for the financial year will amount to JPY3.5 per share. Total dividend payout will amount to JPY2,119.7 million, representing 34.2% of the Group’s distributable profits for the period.


During the Period, the global sports industry has shown signs of rapid recovery as governments around the world gradually relaxed COVID-19 related restrictions. In particular, the golf industry grew significantly in terms of participation and purchase interest. The Group has caught the tailwinds of industry development to actively implement its three-pronged growth strategy, namely product, channel and branding, and has achieved remarkable results.

All markets demonstrated robust growth

Geographically, most of the Group’s main markets recorded robust sales growth compared to the same period last year, with revenue from Japan, China, Europe and Other Regions rising sharply by 29.8%, 38.7%, 47.1% and 48.7% year-on-year, respectively.

On the back of a complete recovery of the retail environment, revenue from Japan rebounded by 29.8% to JPY8,497.2 million, fueled by the successful activation of BERES Aizu club sets in December 2021. In China, where public interest in outdoor sports surged after COVID-19, golf participation has been noticeably growing. Revenue from China (including Hong Kong and Macau) continued to rise by 38.7% year-on-year to JPY7,644.3 million, thanks to further improvement in retail operations and investments in digital marketing and e-commerce business.

In another key home market, Korea, revenue grew by 7.0% year-on-year to JPY6,831.6 million, despite a mid-year change in the distribution rights for the Tour World club family, which is designed to pivot growth in the premium performance segment with a dedicated sales force and focused market penetration approach.

Revenue from Europe and Other Regions also skyrocketed by 47.1% and 48.7% year-over-year, respectively, thanks to the successful activation of multiple club products and enhanced brand recognition. The Group’s growth strategy in Europe and the United States was successfully advanced while ensuring a solid financial standing in both markets.

Successful product strategies and new product launch accelerated growth for both golf club and non-club segments

During the Period, all product categories revealed double digit revenue growth across the board, led by the apparel business with a record growth of 71.6%, while revenue from golf club, golf balls and accessories grew by 23.9%, 11.8% and 43.1%, respectively. The Group’s non-club segment continued to increase its revenue share to 28.1%, compared to 26.0% in the same period last year. The Group now offers a complete golf lifestyle experience through its comprehensive range of golf and complementary products in the super-premium and premium-performance segments.

HONMA continued to focus on club products that best represent Japanese traditional craftsmanship and innovative technology and made the decision to enhance and extend its product offering in both the super-premium and premium-performance segments. HONMA applied several of its revolutionary proprietary technologies to upgrade with a modern and sophisticated design and development approach in its latest BERES and TOUR WORLD products, which are designed for affluent and avid golfers. Following the successful launch of Beres Aizu and TW757, golf club sales grew by 23.9% during the Period, reconfirming HONMA’s strong brand equity and its ability to withstand economic challenges since it entered the golf business in 1959.

Beyond clubs, HONMA has been continuously nurturing its non-club business in Asia home markets as an important pillar of its growth strategy.

To support HONMA’s ambitious goal in apparel business expansion, the Group has assembled dedicated apparel design and sales teams in Japan, China and Korea and created a network of quality retail footprints. Sales from apparel increased by 71.6% to JPY2,963.4 million during the Period, mainly contributed by strong sales performance in China and Korea from HONMA’s 2021 Fall/Winter and 2022 Spring/Summer apparel collections.

Revenue from golf balls grew steadily by 11.8% to JPY2,974.1, despite the lingering negative impacts of the pandemic on retail and supply chain activities. The Group further prioritised its product development resources and launched golf balls with its own patent to meet HONMA brand positioning and customer preferences.

Accelerating e-commerce and connecting online and offline channels to build a digital ecosystem

During the Period, the Group continued to make investments into the fast-growing e-commerce business and recorded a surge in online sales by 80.1% over the same period last year. The Group started its digital transformation well before the pandemic and has added e-commerce capabilities in China, Japan, and the US. China led the growth in online sales by 91.4%, mainly from Tmall and JD flagship stores. In Japan and North America, the company sells online through its own e-commerce websites, creating important brand touchpoints for consumers to understand and search for HONMA products, local retailers or fitting experience. The Group implements a variety of digital marketing efforts, including re-targeting efforts in social media and search engine optimisation, to drive website traffic among potential target shoppers.

To create an end-to-end digital ecosystem around the re-defined brand and golfers in the super-premium and premium-performance segments, the Group also revamped its customer relationship management (“CRM”) systems in key markets such as Japan, China and the US, to provide consumers with the ultimate 360-degree brand experience, strengthen HONMA’s direct-to-consumer communication and eventually increase sales both online and offline.

HONMA operates the largest number of self-operated stores among major golf companies, with a total of 80 HONMA-branded self-operated stores located in Asia to provide consumers with a 360-degree experience of the HONMA brand and its products. During the Period, the number of self-operated stores remained steady versus revenue growth of 22.0% to JPY7,285.0 million, demonstrating visible improvement in single-store sales through renewed product offering and continued optimisation of HONMA’s retail operations.

Meanwhile, revenue from third-party retailers and wholesalers rose 29.4% to JPY21,686.1 million, as most retailers recovered from the prolonged business disruptions following the COVID-19 outbreak. As of March 31, 2022, the Group’s total POS increased by 209 year-on-year to 4,144.

Re-defining the HONMA brand

The Group is celebrating the 65th anniversary of the HONMA brand in FY2023. In recent years, the Group launched a series of initiatives that helped re-define and transform the HONMA brand as being dynamic, modern and global among younger and internet-savvy golfers. Such initiatives include but are not limited to renewed store visual design, revamped global website, enhanced PR activities and media presence, enriched TEAM HONMA with young, up and coming professional players, and partnership with golf community influencers and celebrities on various social media platforms.

On 20 May 2022, one of the most popular Chinese actors, Li Yifeng, was named as HONMA’s new brand ambassador. The partnership aims to break the stereotype of golf as being old-fashioned and to further broaden HONMA’s reach to a wider spectrum of younger and sport-loving people. Content relating to the partnership gained more than 720 million impressions through online media and generated more than two million visits to the HONMA Tmall store on the same day of the announcement.

Outlook

Despite operating challenges and uncertainties that have persisted throughout the current financial year, HONMA expects pent-up demand to expand golf participation which will give rise to new orders from both golfers and HONMA’s retail partners.

Moving forward, the Group will continue to execute its mid- to long-term growth strategies to become a world-leading golf lifestyle company, by capitalising on HONMA’s brand heritage, its increasing distribution network, breakthrough technology and traditional Japanese craftsmanship.

Faced with the lingering uncertainty presented by the COVID-19 pandemic, the Group will also take proactive measures to decrease costs, optimise liquidity and protect its employees’ health.

Mr. LIU Jianguo, Chairman of the Board, President and Executive Director of HONMA Golf Limited, said: “The management are pleased with the results as we executed the growth strategies successfully. The key lies in the pursuit of perfection and innovation, which have been embedded in HONMA’s genes since its establishment six decades ago. We owe the success to the brilliant HONMA team and the support from all our shareholders. As we celebrate the 65th anniversary of the brand this year, we are committed to building HONMA into a world-leading golf company while continuing to pursue sustainable returns for our shareholders.”

About HONMA Golf Limited

HONMA is one of the most prestigious and iconic brands in the golf industry. Founded in 1959, the Group utilises the latest innovative technologies and traditional Japanese craftsmanship to provide golfers around the world with premium, high-tech and the best performing golf clubs, balls, apparels and accessories. HONMA’s products are sold in approximately 50 countries worldwide, primarily in Asia and across North America, Europe and other regions. The Group was successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 6 October 2016 (SEHK stock code: 6858). As the only vertically integrated golf Group with in-house design, development and manufacturing capabilities, a strong retail footprint in Asia and a diverse range of golf clubs and golf-related products, HONMA is perfectly positioned to continually grow its business in Asia and beyond, benefitting from the return of golfers in mature golf markets such as the US and Japan and from increased participation in golf’s new and under-penetrated markets such as Korea and China.

#HONMA

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

Laos Government Bonds Selling Fast

Laos government savings bonds selling fast.

The Government of Laos has successfully sold half of the savings bonds it issued earlier this month in just eight days.

New Report Details How to Reduce Carbon Emissions by 22% in Global Supply Chain by Adopting a Freight Data Exchange Standard

The Coalition for Reimagined Mobility calls for global policy action, including defining how to share critical information among freight sector stakeholders as a condition for port access

LONDON, UK – News Direct – 28 June 2022 – The Coalition for Reimagined Mobility (ReMo), a global initiative created to shape policy and ideas for more equitable and sustainable movement of people and goods around the world, today released a report that details the impact of freight sector data sharing to improve the sustainability and reliability of the global supply chain.

The report includes new modeling from the International Transport Forum (ITF), which found that the adoption of an open freight data exchange standard would not only improve operational efficiencies across the supply chain, reducing the unprecedented level of goods stuck at global ports, it will also result in an estimated 22% reduction in carbon emissions by 2050 and eliminate 2.5 billion barrels of oil per year.

Freight data exchange standards are open or freely available technical specifications that define how to share critical information to seamlessly facilitate global freight logistics. Standardizing the exchange of freight data will support a transition to widespread software-enabled communication forming the backbone of better stakeholder coordination across the global supply chain.

Clean Fuel and Electrification Are Not Enough to Decarbonize the Freight Sector

“We need a comprehensive plan of action to decarbonize our global freight sector,” said Mary Nichols, co-chair of the Coalition for Reimagined Mobility. “Business as usual is not an option. As we transition to increasingly lower carbon fuels, vessels and vehicles, we must also rapidly deploy technology solutions that will drive operational efficiencies – and critically needed climate benefits – across the global supply chain.”

ReMo partnered with the ITF to use its globally renowned freight emissions model to quantify emissions reductions that could be generated by data exchange to share logistical data in near real-time and streamline the supply chain. The impact is significant, including:

  • A reduction of sea freight emissions by 280 million tons of carbon per year and road freight emissions by 360 million tons of carbon per year;
  • Elimination of 2.5 billion barrels of oil per year; and
  • A 6-percent cost savings per ton-kilometer.


A Freight Data Exchange Standard Will Increase Freight System Resilience and Sustainability While Reducing Oil Dependence.

Digitalization of the freight sector has lagged as market and regulatory failures have created barriers to change. The time for action is now. The Coalition for Reimagined Mobility calls on policymakers to take the following steps immediately:

  • Require the use of freight data exchange standards as a condition for accessing ports.
  • Deploy freight data exchange standards that communicates near real-time operational data.
  • Allocate authority to national governments and ports to require the use of freight data exchange standards.
  • Allocate seed funding to ports and industry stakeholders to deploy data exchange standard pilots and projects.
  • Initiate and fund targeted intermodal exchange and smart steaming programs to realize near-term emissions reduction benefits.

“The world’s largest shippers and major supply chain players must work together to forge a new path to decarbonization and resilience by embracing digitalization and a globally accepted freight data exchange standard,” said Michael Hynekamp, COO, Wallenius Wilhelmsen ASA. “We, alongside members of the Coalition, are committed to reimagining the freight system in collaboration with private and public organizations around the world. Digital transformation is the way towards our sustainable future.”

Visit this link to download the full report. For more information about the Coalition for Reimagined Mobility, and a detailed list of commissioners, please visit: https://reimaginedmobility.org/about/.

About the Coalition for Reimagined Mobility

The Coalition for Reimagined Mobility (ReMo) is a global effort of industry, government and academic leaders shaping more equitable and sustainable policy solutions that leverage technology to improve the movement of people and goods. As an initiative of SAFE, the Coalition for Reimagined Mobility conducts research and advocacy to advance economically sustainable policies and platforms that prioritize people and the planet. For more information visit, reimaginedmobility.org.

About the International Transport Forum

The International Transport Forum is an intergovernmental organisation with 64 member countries. It acts as a think tank for transport policy and organises the Annual Summit of transport ministers. ITF is the only global body that covers all transport modes. The ITF is administratively integrated with the OECD yet politically autonomous. Visit www.itf-oecd.org.

Contact Details

Coalition for Reimagined Mobility (ReMo)
Ashley Simmons
+1 202-341-9508
asimmons@reimaginedmobility.org

International Transport Forum (ITF)
Michael Kloth
+33 6 15 95 03 27
Michael.KLOTH@itf-oecd.org

Racepoint Global
Paul Rechichi
+1 617-624-3221
CoalitionReMo@racepointglobal.com

Company Website

https://reimaginedmobility.org/

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

OPPO commemorates 100 years of Centre Court as the global partner of Wimbledon for the fourth year

Under the banner of Inspiration Ahead, OPPO unveils its latest AR experience to celebrate the tournament

LONDON, UK – Media OutReach – 28 June 2022 – Continuing the brand’s commitment to inspire its global users,OPPO, the global partner of Wimbledon 2022, reveals it’s celebration for 100 years of Centre Court under the new brand proposition, Inspiration Ahead. The brand is unveiling its latest AR experience utilising OPPO’s CybeReal 2.0 technology and its newest flagship device: OPPO Find X5 Pro.

OPPO, Global Partner of Wimbledon for the 4th consecutive year

OPPO, Global Partner of Wimbledon for the 4th consecutive year

“Inspiration Ahead means showing confidence and poise when we are moving forward. It encourages us to remain resolved and graceful as we brave the storm and break the stagnation. Participating in sporting events is fantastic for OPPO to convey the mutually inspirational spirit and communicate OPPO’s technology innovation experience with our global users” announced William Liu, OPPO’s Vice President and President of Global Marketing.

OPPO, as the global partner for the fourth consecutive year, looks to empower tennis fans’ experiences with its advanced imaging technology to witness, capture and share the heart-stopping moments on the court.

Marking the centenary of Wimbledon’s Centre Court, OPPO has created a new AR experience showcasing the dynamic history of Wimbledon. People can drop into their AR environment a selection of iconic tennis stars from across the decades. Fans will be able to experience the most inspiring moments across time that have cemented Wimbledon as one of the greatest and most-loved tournaments in the world. Exclusively available at Wimbledon 2022, the AR experience is available to try at OPPO’s booth.

Underpinning the AR experience is OPPO’s CybeReal 2.0 technology. CybeReal 2.0 can reconstruct large-scale and dynamically complex environments. The technology melds both the physical and virtual world for an array of creative possibilities powered by OPPO’s latest spatial computing and localisation advancements. CybeReal 2.0 can deliver highly accurate positioning and orientation for physical environments while being low on power consumption using devices like OPPO’s flagship device, the Find X5 Pro.

OPPO CybeReal 2.0

OPPO CybeReal 2.0

The OPPO Find X5 Pro’s advanced imaging system can capture the true-to-life magic of tennis fans’ favourite players. Powered by OPPO’s self-designed MariSilicon X imaging NPU, the Find X5 Pro brings industry-recognised imaging software that empowers the ability to snap the action with brilliant clarity.

The smartphone’s 50MP Wide-angle camera also features a first-of-its-kind Five-axis OIS system, which improves with every use to counter handshakes, reduce noise and sharpen scenes – guaranteeing tennis fans perfect clarity and sharp shots. Capturing the striking scenes of Wimbledon in their entirety is made easy with the handset’s 50MP Ultra Wide-angle camera.

OPPO Find X5 Pro

OPPO Find X5 Pro

With Inspiration Ahead, OPPO aims to give its global users access to the technology they need to truly experience and relive their memories like never before, a step-change in imaging technology. To learn more about OPPO’s activities taking place at Wimbledon click here. To learn more about the OPPO Find X5 Pro click here.

About OPPO

OPPO is a leading global smart device brand. Since the launch of its first mobile phone – “Smiley Face” – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.

#OPPO

Online Rich Won the Outstanding International Online Store Entrepreneurship System Award Bestowed by PCCW

Assist Zero-experience Novices Conduct E-commerce Startup Innovation Potential and Brand Edge Assented by Industry Insiders

HONG KONG SAR – Media OutReach – 28 June 2022 – Online Rich (the “Company”), a leading cross-border e-commerce innovation model and solution company in Hong Kong, is pleased to announce that it has won “The Outstanding International Online Store Entrepreneurship System Award” in “The Excellence Brand Award 2022” organized by PCCW Media Limited. Its continuously innovative brand strength and prominent trade status attained the consent of industry insiders.

Caption

Online Rich provides a low-cost, automated, one-stop e-commerce operation management system for entrepreneurs, wholesalers, retailers, freelancers, and full-time moms who intend to start their e-shops. The Online Rich platform can help users expand their e-commerce businesses to cross-border and even international markets and feasibly boost their sales. The “One-stop E-commerce Undertaking System” uniquely created by the Company for “e-commerce newcomers” integrates supplies dropshipping, website designing and building, delivery and distribution, payment management, etc. Users can start their own business at a low cost from scratch here without any worries, build their own e-shops, and operate through remote portals anytime and anywhere. Online Rich is well-known as “the best and ideal e-commerce launcher platform”.

Mr. Hui, CEO of Online Rich, stated, “The Company has been deeply involved in cross-border e-commerce innovation outlets for four years. We have been working hard to innovate and help users expand and strengthen their e-commerce business securely and economically during the epidemic. Especially for novices, our featured ‘zero inventory e-commerce model’ can make entrepreneurs unnecessary to worry about the financial pressure caused by inventory orders and no need to bother about warehousing problems. The Online Rich model has no risk of overstocking. Even if a newcomer has no business experience or does not understand online store operations at all, they can definitely use our one-stop platform to develop their e-commerce with considerably less risk. With the impact brought up by the epidemic on consumption customs, the transition from traditional business forms to e-commerce platforms has become the inevitable trend of the times. We will fully comprehend the entrepreneurial e-commerce demands of users around the world, and bolster Hong Kong brands to enter the Euromerican markets and station a firm anchor in the wave of e-commerce globalization.”

The yearly “Excellence Brand Award” held by PCCW Media Limited aims to recognize Hong Kong brands that have persistently and unremittingly explored four fields: star-grade brands, beauty and lifestyle, food and health products, and Korean clothing. In addition to commending the outstanding performance of each award-winning brand in its industry, the award also affirms their contribution to actively promoting the very profession through various advertising channels to accelerate the complementarity of the insights and inspirations about their businesses. The award jury comprises professionals, scholars, and talents from different sectors, including Dr. Stephen KWOK Chun-pong, M.H., Honorary President of Hong Kong Small and Medium Enterprises Association; and Dr. Doctor HO Candy, Associate Professor of the Department of Marketing in the School of Business of HKBU, etc. possessing first-class industry credibility and reliable endorsement.

About The Excellence Brand Award

Official website:

About Online Rich

Established in 2018, Online Rich is an e-commerce system founded by Good Timing Holding Ltd (Asia’s leading e-commerce solutions company). The Company has successfully helped more than 536 start-ups establish their e-stores internationally, of which more than 389 have successfully established their self-contained brands, accounting for total sales exceeding US$80 million.

Online Rich launched a brand-new and innovative e-commerce operation model devoted to assisting Hong Kong brands to go worldwide and creating a global cross-border e-commerce ecosystem. Its creative e-commerce business model provides potential start-ups with a low-cost and automated cross-border platform to secure business opportunities without any geographical and time restrictions, further optimizing and enhancing its global e-commerce business across the board.

For more details, please refer to:

#OnlineRich

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

ECOVACS ROBOTICS Brings Loved Ones Closer on Vietnam Family Day With Launch of DEEBOT T10 Featuring Enhanced AI for Intelligent Floor Cleaning

Free your hands for hugging your love. Leave cleaning to DEEBOT.

HANOI, VIETNAM – Media OutReach – 28 June 2022 – ECOVACS ROBOTICS (“ECOVACS”), the world’s leading service robotics leader, is making good on its new mission, “Robotics for All”, by reimagining floor cleaning with the brand-new AI-powered DEEBOT T10 robotic vacuum cleaner. Available on Vietnam Family Day, the new DEEBOT combines next-generation technologies, such as AIVI 3.0 Upgraded AI-based Object Recognition and Avoidance technology, that offer tech-savvy family members more time with their loved ones instead of household chores. It also ushers in a new era of human-bot interaction with YIKO Voice Assistant, making the DEEBOT T10 every family’s intelligent butler.

EN1.jpg


Superior Cleaning Capability Powered by AI and Efficiency by ECOVACS’ Proprietary Technologies

Enhanced AI with AIVI 3.0: The DEEBOT T10 comes with AIVI 3.0, powered by a Horizon Sunrise® 3 Processor. The enhanced AI capability improves object single-frame recognition accuracy by 20% and the object single-frame recognition speed by 20 times. With an onboard 960P astrophotography camera that widens the Field of View (FOV) to 148.3°, DEEBOT T10 identifies common ground obstacles faster and is better at avoiding them. The robotic vacuum cleaner also recognizes 18 types of floor obstacles, furniture, and floor materials and comes with a TÜV Rheinland privacy and safety certificate for software and hardware. DEEBOT T10 is designed to work on different surfaces and carpets. The AIVI 3.0 technology, when paired with ultrasonic sensors, helps the robotic vacuum cleaner recognize different carpet types while anti-drop sensors keep it from falling over stairs and thresholds. When cleaning carpets (only available in standard mode), it automatically changes pressure and avoids them when mopping. The real-time video and communication feature enables users to keep in touch with family members at home and monitor their homes at all times.


Intelligent YIKO Voice Assistant: DEEBOT T10 features YIKO Voice Assistant, the industry’s first built-in natural language interactive assistant for home service robots and the first AI voice assistant in home service robotics to support multiple languages. It combines several AI-based voice interaction technologies, including voice semantics from Google, to improve the accuracy and response times, offering users an unprecedented interactive experience in natural language. Users can engage, command, and interact with the DEEBOT T10 with their voice. The three well-placed mics allow users to activate the units by saying, “OK YIKO.” By saying, “OK YIKO, quick map building,” users can build a complete map for efficient cleaning. YIKO AI voice assistant also transforms the user experience, turning the DEEBOT T10 from highly intelligent cleaning tools to truly home service robotics. The integrated sound localization technology and AIVI 3.0 technology can pinpoint the voice source in the house, allowing users to command the robotic vacuum cleaners to clean a specific area or come to their location within a five-meter radius.

Excellent ECOVACS HOME App Experience: DEEBOT T10’s TrueMapping 2.0 uses onboard dToF sensors for more accurate positioning while allowing users to save the maps in 2D or 3D formats in the intuitive ECOVACS HOME App on their mobile devices. Users can switch from 2D to 3D maps for a more detailed view of their home. By learning and understanding the home environment, the maps create a more detailed home environment and accurately identify home structure, furniture, and ground materials. Users can also improve cleaning efficiency around and under the furniture using the 3D map.

Superior Cleaning Experience with 4-stage Deep Cleaning System
Powerful 4-Stage Cleaning System:
The Dual Side Brushes quickly collect ground dust and cover every inch of the house, while the floating main brush keeps the unit closer to the floor without damage and with a strong 3,000pa suction power. The overall design allows the robotic vacuum cleaners to adapt to different floor types during deep cleaning. The OZMO™ Pro 3.0 Oscillating Mopping System vibrates 600 times per minute to remove the most stubborn floor stains. It is ideal for dusty environments, removing pet hair, or for households where occupants are allergic to dust.

Clean well and smell good with Air Freshener Module: The DEEBOT T10 can refresh the air with its interchangeable module during vacuuming. Users can choose from three base Air Freshener Capsules — Wild Bluebell, Bergamot&Lavender, and Cucumber&Oak — and have a clean and fragrant home.

Compatible with Auto Empty Station (Sold individually): The DEEBOT T10 supports the Auto Empty Station, maximizing cleaning convenience and offering peace of mind. It empties all types of dust particles from the robotic vacuum cleaner, allowing it to work longer and harder. The 21kPa suction power sucks up all the dust from the unit and eliminates the need for the user to empty the on-unit dust collector manually. The station can hold the dust for up to 60 days, and the fully-sealed design and sealed dust bag ensure no accidental dust leakages. Users can also personalize when the robotic vacuum cleaner empties its collected dust.

Pricing and Availability
DEEBOT T10 is available today at the ECOVACS Authorized Distributor https://vietnamrobotics.vn/. The suggested retail price of DEEBOT T10 is 16.99M VND. A 25% discount is offered from June 28 (the Family Day) to July 19, making the DEEBOT T10, Auto Empty Station, and DEEBOT T10+ (bundled with Auto Empty Station) priced at 12.99 M VND, 4.99 M VND, and 17.69M VND respectively. Please visit ecovacs.com for more information or connect with us on Facebook or Instagram.

About ECOVACS ROBOTICS

Innovating Since Day One – Creating the Intelligent Home.

With a new vision of “Advancing robotic technologies to serve the world to create a holistic ecosystem between human and robotics in lifestyle and production”, ECOVACS ROBOTICS cares about innovating solutions to enhance your lifestyle. We aim to design and launch “Robotics for All”: using our deep understanding of use cases and consumer experiences.

With over 20 years of design and industry-leading research, we have led the market as homes become more intelligent and responsive. We are building a world where your home asks less of your attention, becomes more seamless and powerful, and frees you to spend more time doing what you love.

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