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Thailand Sees Two Million Foreign Tourists Since 1 January

Indian tourists in Pattaya, Thailand.
Indian tourists in Pattaya, Thailand (Photo: Bangkok Post)

Indians and Malaysians are leading a tourist influx to Thailand after the country eased entrance restrictions, with total arrivals surpassing two million since the beginning of the year.

Marketing application of BOGUTAI® (teriparatide injection) has been officially accepted by the China National Medical Products Administration (NMPA)

HONG KONG SAR – EQS Newswire – 29 June 2022 – A fully integrated biopharmaceutical company – Uni-Bio Science Group Limited (the “Company”, together with its subsidiaries, the “Group”; Stock code: 00690.HK) is pleased to announce that t the marketing application submitted by the Group’s self-developed BOGUTAI® (teriparatide injection) has been accepted by the China National Medical Products Administration (“NMPA”) on 28 June 2022, with the acceptance number “CXSS2200062国”. If BOGUTAI® is approved for marketing, it will provide patients with better drug choices, which is a major milestone for the company in the field of orthopedic diseases.

BOGUTAI® (teriparatide injection) is the Group’s fifth marketed product following GENETIME® , GENESOFT® , PINUP® , BOKANGTAI®, and it is also the first domestic manufactured PTH Liquid in China to use a disposable injection pen. Developed in collaboration with Swiss self-care giant Ypsomed, this product has an extremely thin injection needle and high dose accuracy, which can greatly reduce the pain of injections for patients. The Group strongly believe BOGUTAI® will be a future blockbuster for the Group by virtue of the product’s strong cost advantage, better therapeutic effect and convenient administration method.

Teriparatide injection adopts biological expression technology, and is a recombinant human parathyroid hormone analog (PTH1-34), which has the same sequence as the 34-amino acid N-terminal amino acid (biologically active region) of human parathyroid hormone of 84 amino acids. For the treatment of osteoporosis in postmenopausal women with a high risk of fractures, it is the only osteogenesis-promoting anti-osteoporosis drug approved for marketing at home and abroad, which can effectively improve bone microstructure, increase bone strength, promote bone healing, and significantly reduce the risk of vertebral and nonvertebral fractures in postmenopausal women.

China is the country with the largest number of osteoporosis in the world. According to the data of the seventh census in 2021, there are currently 264.02 million people aged 60 and above in my country, accounting for 18.70%. Epidemiological surveys show that the prevalence of osteoporosis among people over 50 years old in China is 20.7% for women and 14.4% for men; the prevalence of osteoporosis among people over 60 years old is significantly higher, and women are particularly prominent, as high as 51.6%. Hence, there are currently about 90 million osteoporosis patients in China, and the osteoporosis market size is about 15 billion to 20 billion yuan. The current market share of teriparatide is only about 1% of the PRC osteoporosis market, which is significantly lower than that of foreign countries. The main reason is that it is expensive and not covered by medical insurance. However, in the long run, with the aging of Chinese’s population, the gradual improvement of the coverage of the medical insurance system and the improvement of residents’ purchasing power, the market size of teriparatide will accelerate significant. Moreover, BOGUTAI’s product positioning of being more cost-effective and safe fits the needs of target demographic better, ensuring faster growth compared to other teriparatide competitors.

About Uni-Bio Science Group

Uni-Bio Science Group Limited is principally engaged in the research and development, manufacture and distribution of biopharmaceutical products. The research and development center is fully equipped with a complete system for the development of genetically-engineered products with a pilot plant test base which is in line with NMPA requirements. The Group has two GMP manufacturing bases in Beijing and Shenzhen. The Group also has a highly efficient commercialization platform and marketing network. The Group focuses on the development of novel treatments and innovative drugs addressing the therapeutic areas of endocrine as diabetes and osteoporosis, ophthalmology and dermatology. Please visit the official website of Uni-Bio Science Group for more information:

#UniBioScienceGroup

Singapore Island Cruise Launches National Day 2022 Promotion

SINGAPORE – Media OutReach – 29 June 2022 – Singapore Island Cruise is pleased to announce that they will be launching a special promotion in commemoration of National Day this year. The promotion will run from 1st July 2022 all the way to 31st August 2022.

To celebrate the country’s 57th birthday, Singapore Island Cruise is running a National Day promotion this year, offering a 20% discount off all ferry tickets to the Southern Islands. To enjoy this special promotion, customers can purchase tickets directly from Singapore Island Cruise’s website and enter the exclusive promo code “SG20”. Ferry tickets purchased from other platforms are not eligible for the discount.

With a fleet of 14 air-conditioned vessels, the company prides itself in delivering the most reliable and efficient services for anyone looking for a chartered ferry in Singapore. Besides scheduled ferry trips, one may also hire a private ferry for charter to and from the Southern Islands. This service allows individuals the freedom to decide on their itinerary, arrival, and departure times.

As the country’s first, original and longest-serving ferry operator from Marina South Pier, Singapore Island Cruise has been providing scheduled ferry transport services to Kusu Island and St. John’s Island daily since its establishment in 2007. For those looking for a ferry to Lazarus Island, board a ferry to St. John’s Island and cross over the causeway to Lazarus Island.

With the launch of their new National Day 2022 promotion, Singapore Island Cruise strives to continue to provide the most memorable experiences for all their passengers with their professional ferry services.

For more information or to book your tickets, please visit https://islandcruise.com.sg/.

#SingaporeIslandCruise

Coface Asia Corporate Payment Survey 2022: Asian companies face rising credit risks despite shorter payment delays

HONG KONG SAR – Media OutReach – 29 June 2022 Coface’s 2022 Asia Corporate Payment Survey, conducted between November 2021 and February 2022, provides insights into the evolution of payment behaviour and credit management practices of about 2,800 companies across the Asia Pacific region during another pandemic year. Respondents came from nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Thailand and Taiwan) and 13 sectors located in the Asia-Pacific region.

No deterioration of payment delays despite the impact of COVID except in China

Improved economic conditions in 2021 contributed to a notable fall in the duration of payment delays across Asia-Pacific, dropping from 68 days on average in 2020 to 54 days in 2021, the lowest level in 5 years. The share of respondents experiencing overdue payment remained stable at 64% vs. 65% in the previous year. Among the nine economies covered, payment delays shortened the most in Malaysia and Singapore. By contrast, China was the only country that recorded a rise in payment delays, and also was the country with the longest average payment delay.

However, the survey highlighted some concerns. The share of respondents that mentioned an increase in the amount of overdue went up to 35% in 2021, against 31% in the preceding year. Furthermore, more companies reported ultra-long payment delays (ULPDs) of more than 10% of annual turnover, with this increase driven largely by China where the already high share of 27% in 2020 grew to 40% in 2021. The proportion of ULPDs slightly rose in Australia and India, while it stabilized or declined in the other six economies, with a significant drop in Hong Kong. The large majority of ULPDs are never paid, and therefore, cash-flow risks tend to increase when these ULPDs account for over 2% of a company’s annual turnover.

Sector-wise, the increase in companies experiencing ULPDs of more than 10% was particularly marked in the metals sector, for which it increased by 14 pp to nearly 23%, the largest registered among the 13 sectors. Other sector such as construction, ICT, transport and textile also face significant cash flow risks, with more than 30% of companies that experienced ULPDs reporting that such delays represented more than 2% of annual turnover.

Economic Expectations: Sustained optimism but high concern on rising material prices

Overall, optimism remains intact, with 71% of respondents expecting economic growth to improve in 2022. This optimism was, however, unequal across the region. Singapore is more optimistic compared to the Asia average, with 83% (+17 pp) anticipating higher growth. Companies in Japan and Thailand, where the recovery was relatively subdued in 2021 and therefore with a greater scope for a stronger recovery in 2022, showed more confidence as well, both rising by 14 pp to 75% and 80%, respectively. By contrast, this share was only 44% in Malaysia, showing a significant decline (-29 pp) as compared to last year amid rising political uncertainty, with the possibility of a snap general election in 2022.

Rising raw material prices are increasingly mentioned by respondents when asked about the effect of COVID-19 on their sales performance and cash flow. Over half (54%) of the companies mentioned rising raw material prices as a key factor, up considerably from 31% in 2020. Raw material prices rose sharply in 2021, especially in crude oil, and were lifted significantly higher following the conflict in Ukraine. This intensified cost pressures for companies worldwide, including in Asia-Pacific, which heightened the risk of developing cash-flow problems.

Asian businesses margins increasingly under pressure

Nowadays, businesses are dealing with a complex environment characterized by supply chain disruptions, geopolitical tensions, and surging inflation. Supply constraints persisted in 2021, partly due to fresh COVID-19 outbreaks and new lockdowns. Nonetheless, the world gradually reopened and private demand rebounded. This widened the gap between demand and supply of many products and raw materials, leading to significant increase in prices. Global supply chain pressures slightly abated at the start of 2022, but were reignited by the Russia-Ukraine conflict. Given both countries’ predominant role in global commodity markets, the conflict has led to a further surge in raw material prices, pushing inflation higher and, in turn, wages as well. Consequently, it weighed on business profitability by increasing production costs.

After enjoying subdued inflationary pressures through 2021, Asian countries are now recording rapidly rising inflation, especially in food and energy items. In some Asian economies, consumer price index (CPI) growth rate has exceeded central bank’s target. This was the case in Thailand, where CPI posted an annual increase higher than the upper value of the central bank’s target band of 3% for the fifth consecutive month in May. Inflation target were also breached in Australia, India, and the Philippines. After having experienced deflation during 10 months over 2020/2021, Japanese inflation went above the Bank of Japan’s target with 2.5% in April. Facing this surge in living costs, some countries decided to increase wages in order to help consumers to deal with the situation. In Japan, South Korea and Singapore, data revealed that average wage growth has accelerated since 2021. In Southeast Asia, Malaysia introduced a large minimum wage hike of 35% in May 2022. A rise in minimum wage is also set to be implemented in the Philippines in June and in Vietnam the following month.

‘Improved economic conditions in 2021 contributed to a notable fall in the duration of payment delays across Asia-Pacific. However, companies in the region faces rising credit risks, with more companies reported an increase in the amount of overdue. They were also more experiencing ultra-long payment delays of more than 10% of annual turnover, notably in China and, to a much lesser extent, in Australia and India.’, said Bernard Aw, Coface’s Asia-Pacific Economist.

Find here the Coface Asia Corporate Payment Survey 2022 produced by Coface.

COFACE: FOR TRADE

With over 75 years of experience and the most extensive international network, Coface is a leader in trade credit insurance and adjacent specialty services, including Factoring, Single Risk insurance, Bonding, and Information Services. Coface’s experts work to the beat of the global economy, helping ~50,000 clients in 100 countries build successful, growing, and dynamic businesses. With Coface’s insight and advice, these companies can make informed decisions. The Group’ solutions strengthen their ability to sell by providing them with reliable information on their commercial partners and protecting them against non-payment risks, both domestically and for export. In 2021, Coface employed ~4,538 people and registered a turnover of €1.57 billion.

#Coface

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

Warner Bros. Discovery partners with Shell in ‘Dare to Ride’

Warner Bros. Discovery partners with Shell for the premiere of adrenaline-filled local show ‘Dare to Ride’ featuring Asia’s most iconic bike routes

  • Six celebrity bikers overcome unique obstacles as they bike across Indonesia, Malaysia, Philippines, Vietnam, Thailand, and India
  • New local series in partnership with Shell (6×30) premieres across Southeast Asia and India between June 25 to July 30, 2022

SINGAPORE – Media OutReach – 29 June 2022 – Warner Bros. Discovery has partnered with Shell for a brand-new, adrenaline-filled show, “Dare to Ride”, which premiered on Discovery Southeast Asia (SEA) and India on June 25, 2022, at 9PM (SEA/PH), 8PM (BKK/JKT), 8PM (IND).

“Dare to Ride” showcases some of Asia’s most accomplished riders as they attempt to conquer the region’s most iconic routes with just their bikes, their wits, and their technical knowhow. The show is narrated by Steve Crombie, a world-renowned professional adventure motorcyclist who has already conquered many extreme terrains and roads in Asia and around the globe.

Lynn Ng, VP Head of Factual & Lifestyle SEA and Head of Content Operations APAC, Warner Bros. Discovery, said: “Warner Bros. Discovery remains committed to championing local storytelling and homegrown talent and we are pleased to partner with Shell on a new series that showcases the beauty of Asia through a fresh perspective. Featuring the stunning sceneries of Indonesia, Malaysia, Philippines, Vietnam, Thailand, and India, Dare to Ride puts audiences in the front seat as renowned riders strive to overcome physical, geographical, and cultural obstacles. Combining adventure and emotion with unique histories, cultures and landscapes, this is much more than a journey across Asia’s most challenging roads, it is also a journey of the soul.”

Elaine Chen, GM Consumer Road Sector, Shell Global Marketing, said: “At Shell, collaboration is one of our key attributes, and we’re very happy to collaborate with one of the biggest broadcast partners in the world, Warner Bros. Discovery, to showcase the courage of our passionate bikers to outride anything in Dare to Ride series. Most importantly, as part of our strategy to humanise the brand, we’d love our audience to experience the joy of new adventures along with their passion for riding because with Shell Advance, however, and wherever you ride, we are always here for you.”

MediaCom APAC plays a major role being the enabling factor behind the collaboration.

Zeljana Unkovich, Regional Strategy Director, MediaCom APAC, said: “We are delighted to have been able to bring together two of our key partners to create something beyond the boundaries of traditional media. This collaboration celebrates their shared pioneering spirit and invites audiences on the adventure at the same time.”

The first episode (premiered on June 25) takes audiences to Indonesia, where video journalist Arsal Bahtiar accepts the challenge of riding a scooter on an arduous journey to the top of Mount Bromo, an active volcano in East Java. The nail-biting episode unveils whether the motorbike, designed for city streets, can handle rocky roads, steep mountain trails, and a vast sandy desert.

Episode 2 (premiere on July 2) follows Pro Skateboarder Pa’din Musa across Malaysia as he tackles everything the jungle can throw at him with an underbone motorcycle, also known as “kapcai” in Malaysia, designed for everyday use on the roads. Pa’din puts the iconic vehicle through an ultimate off-road test as he takes it over rocky rivers, muddy trails, wet grass and slippery slopes.

Episode 3 (premiere on July 9) sees Filipino radio and TV personality Samir Gogna (Sam YG) takes on the ride of his life with a journey from Manila to Dicasalarin Cove, one of the most beautiful spots in the Philippines. Riding a touring motorcycle through the scorching sun and pouring rain, the adrenaline junkie is pushed beyond his limits, fighting dehydration, exhaustion, and curveball challenges thrown at him along the way.

Episode 4 (premiere on July 16) brings audiences to Vietnam with Photojournalist Tran Tuan Viet, who will challenge his knowledge of Hanoi as he attempts to be a motorcycle tour guide for the day. Armed with only a vintage motorcycle and his wits, Viet takes three tourists on a trip filled with food, history and culture.

Episode 5 (premiere on July 23) takes viewers to Thailand, where actor and adventurer Ray MacDonald learns what it’s like to be a true hero of the streets, spending a day in the shoes, or wheels, of a Chiang Mai motorcycle delivery rider. As delivery riders depend upon their rating, even a single missed order can lose them time, money and business. As such, Ray must be on high alert as he weaves through the mayhem of motor vehicles in Thailand to stand any chance of a 5-star review.

The final episode (premiere on July 20) sees bike-lover Fakira Tiwari tackle an epic 200km journey across India, travelling from the old to the new, from the mountainous terrain of Nashik to Mumbai’s Gateway of India, before sunset. Along the way, he must deliver a gift of books to a remote village school. He will face punishing village trails with long stretches of silence and isolation before hitting the chaotic and intimidating expressways of Mumbai.

Dare to Ride highlights Southeast Asia’s position as one of the world’s best places to motorcycle, as the show entertains and informs audiences of the region’s natural beauty, culture, and history. The show marks Warner Bros. Discovery’s first-ever partnership with Shell and reflects Warner Bros. Discovery’s reputation for quality entertainment and commitment to bringing more locally relevant content to audiences.

Dare to Ride is produced by HJ Production in association with Trifecta Collective Sdn Bhd. The executive producer is Henry Ambarita.

Notes to editors
Celebrity bikers guests:
Indonesia: Arsal Bahtiar
Malaysia: Pa’din Musa
Philippines: Samir Gogna
Vietnam: Trần Tuấn Việt
Thailand: Ray Macdonald
India: Fakira Riders

Images/Art: here
Promo: here

About Warner Bros. Discovery

Warner Bros. Discovery (NASDAQ: WBD) is a leading global media and entertainment company that creates and distributes the world’s most differentiated and complete portfolio of content and brands across television, film and streaming. Available in more than 220 countries and territories and 50 languages, Warner Bros. Discovery inspires, informs and entertains audiences worldwide through its iconic brands and products including: Discovery Channel, discovery+, CNN, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, OWN, Investigation Discovery, TLC, Magnolia Network, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Pictures, Warner Bros. Television, WB Games, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies, Discovery en Español, Hogar de HGTV and others. For more information, please visit .

#WarnerBrosDiscovery

Pattern sees considerable growth during China’s 618 Shopping Festival

GMV rose 290% year-on-year, attributed to more high-profile brands being onboard

HONG KONG SAR – Media OutReach – 29 June 2022 – The 618 Shopping Festival is the second-largest online shopping event in China, and it recently took place from 31 May to 18 June. The event outperformed itself this year as record sales took place, which is a testament to the strength of China’s economy. Pattern is delighted to announce the trading results for brands we represent in China from 618.

During the shopping event, Pattern’s total GMV in China increased by 290% compared to last year’s results. The growth is attributed to our brand partners’ line-ups strengthening in the market, as the newly onboarded brands contributed over 50% of Pattern’s total GMV during the 618 festival.

Brands that have been trading with Pattern in China for over a year saw significant increases in sales, with an average 85% year-on-year uplift in sales over the period. The highest performing brand achieved a growth of 14-fold.

Despite COVID control measures in some major Chinese cities during the period, the country still saw steady growth in its online retail sector. For example, JD.com reported a total transaction volume of RMB 379.3 billion (approximately USD 57 billion) for its 618 campaign this year, beating its own record again with a 10.3% YoY growth. This result echoes our latest polling research in the China market, which found 67% of Chinese shoppers saying they will spend more online in 2022.

Pattern China General Manager Sharon Gai commented: “We are proud to see the strong result we delivered at the 618 festival this year, which shows the synergy between our business model and the brands we represent in China.”

She added: “With our local team’s knowledge of China’s unique ecommerce ecosystem, we help the Western brands we represent to prepare for the shopping festivals, maximising their profile through a mixture of on-platform advertising and off-platform demand-generation and brand awareness campaigns.”

The 618 Shopping Festival closely follows the size and extent of Double 11, which is the biggest 24-hour online shopping festival in the world, originating in China. Initiated by JD.com, the 618 festival now has all key Chinese ecommerce players’ participation, including Alibaba, PDD and Douyin (TikTok), all of which launch large-scale promotional activities and discounts throughout the event. According to a research study, the GMV of major ecommerce platforms in China during the 618 festival this year reached RMB 695.9 billion (approximately USD 104 billion).

If you would like more information on how we partner with brands to represent them on online marketplaces in China and around the world, please contact us at hk@pattern.com.

About Pattern Inc

Pattern is the ecommerce accelerator of choice for hundreds of consumer brands – acting as their Trade Partner or Master Distributor in key markets. It is in the top 5% of authorised Tmall Trade Partners, is one of the largest Amazon sellers in the world, and supports brands to sell on marketplaces such as JD.com, Lazada, Shopee, Coupang, eBay and others.

Pattern takes care of every aspect of a brand’s marketplace presence and provides full visibility of key success metrics. Unlike other Trade Partners in the region, Pattern operates a stock-buy model to equally share risk and reward while working closely with brands to build demand for their products and accelerate their Tmall presence.

In addition, Pattern’s consulting team supports brands with their strategic ecommerce challenges, including whether they should sell online in China and which other APAC markets they should expand to online.

For more information, visit

#Pattern

Yeebo Announces Annual Results for FY2021/22; Revenue Growth of 42% Achieved Impressive Growth of 42% in Profit Attributable to Owners; Committed to Transforming into an Advanced Technology-based Manufacturing Leader

Financial Highlights

For the year ended 31 March

2022

HK’000

2021

HK’000

Change

Revenue

1,266,641

891,969

+42.0%

Gross profit

199,656

109,215

+82.8%

Profit for the Year

282,353

198,010

+42.6%

Profit attributable to owners of the Company

266,579

187,734

+42.0%

Basic earnings per share (HK cents)

– Basic

– Diluted

27.3

27.1

19.1

19.0

+42.9%

+42.6%

Proposed final dividend per share (HK cents)

5

2

+150.0%

HONG KONG SAR – Media OutReach29 June 2022 – Yeebo (International Holdings) Limited (“Yeebo” or the “Company”, stock code: 259, which together with its subsidiaries is referred to as the “Group”), a renowned company in the developing, manufacturing and sale of Liquid Crystal Displays and modules, Thin Film Transistor and Thin Film Transistor – Capacitive Touch Panel module in Hong Kong, announces its annual results for the year ended 31 March 2022 (the “Year”).

A broadened range of superior products, robust customer demand, and consistent execution helped drive outstanding financial results in the Year. The Group achieved turnover of HK$1.3 billion, an increase of 42% from last year. Gross profit grew from approximately HK$109 million to HK$200 million, an increase of 83% from last year. Profit attributable to owners of the Company increased from approximately HK$188 million to HK$267 million. Basic earnings per share were HK27.3 cents. The Board of Directors recommended a final dividend of HK5 cents per share for the year ended 31 March 2022.

As the Board is of the view that the current trading price of the shares of the Company does not reflect their intrinsic value, it intends to exercise its powers to buy back the shares in the open market. The Board believes that the Share Buy-back can enhance the value of the shares and reflects the Company’s confidence in its long-term business prospects for the benefit of the Company and its shareholders as a whole.

Commenting on the annual results of the Group, Mr. Fang Hung, Kenneth, Chairman of Yeebo, said, “In the FY2021/22, COVID-19 was continuing to spread around the world, and has seriously affected the stability of the supply chain. Against such challenging setting, the Group achieved outstanding growth in both sales revenue and operating profit. All of which was made possible only with the management team’s consistent execution – its resolute effort in product development, facilities expansion and upgrade, cost control enhancement and raw materials procurement management.”

The Group’s concerted effort in its marketing and product development has boosted its success in capturing market share in many of the higher growth product markets, such as industrial control devices, smart home and office appliances, internet protocol phones, medical equipment and medical care devices. The Group has strengthened its product development capabilities across the Liquid Crystal Display module (“LCM”), Thin Film Transistor (“TFT”) and Thin Film Transistor – Capacitive Touch Panel module (“TFT-CTP”) products. Such product expansion helped the Group in further growing its well-diversified customer portfolio, including many world leading brands.

COVID-19 has continued to impact the global supply chain causing disruptions to many companies, logistics and the flow of supplies and products. The Group has taken extra effort (i) to maintain a stable yet agile supply of raw materials in meeting the production requirements, and (ii) to preserve a committed and skilled labour force through reasonable wage increases.

Furthermore, through vertical integration, the Group is able to sustain its cost competitiveness and safeguard the supply of quality raw materials internally. Production facilities have been upgraded and expanded to accommodate the increase in business volume and to provide further agility in meeting the dynamic needs of today’s customers.

Optimized operational efficiency, together with an enhanced sales-mix, with higher modules-related sales, facilitated such improvement in profitability. Gross profit margin improved to a healthy level of 16% against 12% in last year.

Apart from its core business, the Group has two high growth and profit-driving engines through its equity investment in Nantong Jianghai Capacitor Company Ltd (“Nantong Jianghai”) and Suzhou QingYue Optoelectronics Technology Co. Ltd. (“Suzhou QingYue”).

For Nantong Jianghai, it continued to deliver a remarkable financial performance against the headwind of rising manufacturing costs, from the raw materials to electricity. The Group’s share of profit from Nantong Jianghai increased from HK$154 million to HK$194 million, representing an increase of HK$40 million or 26%. Nantong Jianghai is the leading provider of capacitors and energy storage in China. Its main products can be categorized into 3 groups: (i) aluminium electrolytic capacitors, (ii) thin film capacitors and (iii) supercapacitors. It has achieved sustainable growth through long term commitment in investing in research and development of new technology in materials, product development and manufacturing processing.

Aluminium electrolytic capacitors continued to deliver an impressive year-on-year sales growth. Industrial-grade capacitors accounted for over 75% of sales and captured a remarkable market share in the large-size aluminium electrolytic capacitors market. Thin film capacitors also registered exciting sales growth, boosted by strong demand in the new energy and electrical vehicle markets. Supercapacitors were also well positioned and offered some of the most exciting potential growth in the smart meter, rail transportation, port infrastructure and power grid markets.

Yeebo started investing in Nantong Jianghai in 2005. Its business has since grown substantially. Subsequent to the Year, the Group disposed of a total of 10,463,000 Nantong Jianghai shares, which represented approximately 4.03% of Yeebo’s stake in Nantong Jianghai, or 1.26% of the entire issued share capital of Nantong Jianghai, for a total consideration of RMB210.4 million (exclusive of transaction costs). Immediately after the disposal, the Group remains holding 249,121,000 Nantong Jianghai shares, and Nantong Jianghai continues to be an associate of the Group.

For Suzhou QingYue, the share of profit from Suzhou QingYue amounted to HK$18 million in this Year.

Suzhou QingYue is one of the global leaders in PMOLED. It posted strong sales growth, driven by the increase in sales of its e-paper modules. PMOLED sales declined slightly year-on-year, against extraordinary sales achieved in the medical equipment, medical and health care product sales in the previous year.

Strong sales momentum on the e-paper modules, well received among retailers, is expected to continue. Micro-OLED has also commenced pilot production in small quantity during the Year. Its main applications include the “near-eye” display and the projection display market, augmented reality (“AR”) and virtual reality (“VR”) markets.

To support with its robust business expansion, Suzhou QingYue has plan to have its shares listed in The Shanghai Stock Exchange (“SSE”) and has submitted the relevant application to SSE for approval. The Group firmly believes that the proposed listing plan will bring meaningful returns to the Group in the future.

Mr. Fang Hung, Kenneth, Chairman of Yeebo, concluded, “As the global economy continues its recovery, the demand for our products is expected to continue to grow. Looking forward, we will continue to focus on the high-value display market, committed to further develop the LCM, TFT and TFT-CTP market which will generate superior quality of earnings to the Group.”

“We are also confident our associate companies, Nantong Jianghai and Suzhou QingYue, will continue to deliver robust results and further cement their market leading positions. Leveraging on the corporate platform of the Company and its associate companies, the Group aims at fully transforming itself into a leader in the advanced technology-based manufacturing industries. We will actively explore investment or acquisition opportunities for market leading companies with high technological advantages.”

About Yeebo (International Holdings) Limited:

Founded in 1988, Yeebo (International Holdings) Limited is a renowned company in the developing, manufacturing and sale of Liquid Crystal Displays and modules, Thin Film Transistor and Thin Film Transistor – Capacitive Touch Panel module in Hong Kong. With headquarter located in Hong Kong, Yeebo’s manufacturing activities mainly operate with three factories locating in Jiangmen city and Shenzhen city of Guangdong Province. Yeebo’s products have a strong global presence in key electronic market sectors including Industrial applications, Telecommunications, Medical equipment, and Electronic consumable products. The Group is also an approved vendor to a number of internationally renowned customers. In addition to its core operations, the Group also has equity interests in the capacitor (Nantong Jianghai), OLED (Suzhou QingYue), and eyewear (OneSec) industries.

#Yeebo

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

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.