Two Thai men have been arrested attempting to bring illicit drugs across the Mekong River from Laos to Thailand.
HOYA’s FULL CONTROL Lens Coating protects the eyes of average Singaporeans from the environmental hazards of daily life
The typical day of an average Singaporean consists of checking the notifications on their smartphone the moment they wake, making their eyes prone to blue light subconsciously. As they leave home and commute to work, they are vulnerable to UV rays the moment they step outside as well as handling bacteria everywhere, especially on public transportation.
The exposure to these hazards continues throughout the day as Singaporeans face their digital devices for hours on end at work, and head out for lunch when UV rays are the strongest. Upon reaching home, they face a TV screen or scroll through their smartphones to unwind but that means dealing with more blue light. All these daily activities leave Singaporeans at risk to various degrees of damage from blue light, UV rays, and bacteria.
With all these unavoidable environmental factors, HOYA FULL CONTROL lens coating provides an all-rounded total protection against these hazards.
Through HOYA’s advanced research and technological capabilities, the FULL CONTROL coating is characterised by a combination of HOYA’s four signature lens coatings, namely, Hi-Vision LongLife (HVLL), BlueControl, UV Control and Hi-Vision Anti-bacterial. This makes FULL CONTROL a first-of-its-kind lenses in HOYA’s product offerings.
HOYA’s premium Hi-Vision LongLife multi-layer coating offers significant lens durability that maintains HOYA’s excellent lens performance for years, as it’s scratch resistant and repellant to water and dust.
Singaporeans spend an average of 7 hours and 29 minutes on the internet daily, be it on the computer or their smartphones, making them susceptible to blue light for long hours. HOYA’s trademark BlueControl treatment reduces harmful blue light by reflecting it away to combat the effect of digital eye strain. This lens helps minimise glare from digital screens and enhances contrast to provide more comfortable and relaxed vision.
When Singaporeans take a step outside, they are exposed to harmful UV rays even during a cloudy day. With UV Control, wearers enjoy 100% protection against UV rays on both the front and back surfaces of the lens. UV protection is essential since Singapore’s geographical location is near the equator; this means they are susceptible to higher levels of UV radiation. HOYA’s UV Control helps decrease the risk of UV-related eye damage and diseases.
Being outdoors means Singaporeans will touch all sorts of surfaces and items that could be filled with bacteria; such as handlebars, door knobs, smartphones and more. To ensure all-rounded total protection, FULL CONTROL lenses consist of Hi-Vision Anti-bacterial technology that utilises silver ions (AG+) which is applied on both front and back of the lens for an innate bacterial-resistant property that assists the hygienic maintenance of lenses. This new treatment is tested under strict standards* and has been proven to be highly effective and long-lasting in reducing and slowing down bacterial growth by at least 99.9%**
Find out more about HOYA’s FULL CONTROL coating at our official website or head to the nearest authorised HOYA retailers in Singapore.
Full Control consists of the following Hoya coating products: Hi-Vision LongLife, BlueControl, UV Control and Hi-Vision Anti-bacterial
*Based on BOKEN Quality Evaluation Institute’s anti-bacterial activity value test results (Staphylococcus aureus and E.Coli)*
**Tested according to ISO 22196 and certified by The Society of International Sustaining Growth for Antimicrobial Articles (SIAA) standards
About HOYA Vision Care
For over 80 years, HOYA Vision Care has been a passionate global leader in optical technology innovation. As a manufacturer of high quality, high performing eyeglass lenses, HOYA continues to drive optical technology innovation with the aim of finding the best vision care solutions for Eye Care Professionals. The company supplies lenses in 52 countries with a network of over 18,000 employees and 45 laboratories around the globe.
About HOYA
Founded in 1941 in Tokyo, Japan, HOYA Corporation is a global technology and med-tech company and a leading supplier of innovative high-tech and medical products. HOYA’s divisions and business units research and develop products utilized in the healthcare and information technology fields. In the healthcare field, we provide medical device products such as eyeglasses, medical endoscopes, contact and intraocular lenses, orthopaedic implants, surgical/therapeutic devices and medical device reprocessing and disinfection solutions. In the information technology field, we provide products such as optical lenses, photomasks and blanks used in the manufacturing process for semiconductor and LCD/OLED devices, text to speech, human resources and other software solutions and critical components for the mass memory and cloud storage industries. With over 160 offices and subsidiaries worldwide, HOYA currently employs a multinational workforce of 37,000 people.
#HOYA
The issuer is solely responsible for the content of this announcement.
Unlock an Open World with BenQ’s X3000i, the World’s First 4LED 4K HDR Gaming Projector
Gamers can explore an immersive infinite universe for ultra-realistic games at home even as Singapore reopens its physical borders
SINGAPORE – Media OutReach – 13 May 2022 – BenQ, the world’s leading projector brand, has released the X3000i, the world’s first 4LED True 4K HDR Gaming Projector with 100% DCI-P3 wide colour gamut coverage powered by BenQ’s proprietary CinematicColor™ technology, enveloping audio with treVolo surround sound, and input lag as low as 16ms at 60Hz.

As Singapore opens its borders after the Covid-19 pandemic, gamers can continue to enjoy adventures in the physical and virtual worlds. An exciting universe awaits as they traverse through immersive open worlds with the X3000i, creating limitless opportunities with their home entertainment setup.
“The new X3000i 4LED 4K gaming projector leads the X series of projectors with an unprecedented combination of cinematic images, realistic sounds, and lag-free control, unlocking infinite universes for gamers in Singapore,” shared Jeffrey Liang, President, BenQ Asia Pacific. “This affirms BenQ’s market leadership position in the 4K projector segment for 4 consecutive years[1] and is a testament to our commitment to enriching consumers’ lives with world-class innovations and diverse product segments to fulfil gaming, home cinema, and streaming needs,” Jeffrey added.
X3000i – Immersive Open-World Gaming in the Comfort of your Home
For a truly immersive gaming experience, the X3000i brings gamers right into the action with authentic colours thanks to 100% DCI-P3 wide colour gamut coverage powered by BenQ’s exclusive CinematicColor™ technology. This is balanced with true 4K UHD resolution, high 3000-lumen visual brightness, crisp 500,000:1 superhigh contrast with Dynamic Black algorithms, 3D readiness, and projector-optimized HDR with HDR10 / HLG, resulting in breath-taking visual performance in lush open-world environments.
Complementing the visual performance, the X3000i features powerful 5W x 2 stereo speakers tuned by BenQ’s treVolo audio team and amplified by Bongiovi DSP (Digital Signal Processor) with Dynamic Stereo Enhancement, creating sounds that offer in-depth aural details. Furthermore, audio can be output to an external sound system via HDMI eARC for the ultimate auditory experience.
Besides delivering premier visual and audio performance, the X3000i enhances the gaming experience with specially-designed pre-set game modes. Whether it is providing cinematic immersion with RPG mode, refined details and stereo with FPS mode or real-time thrills with Sports Game mode, these carefully calibrated settings consistent across BenQ’s gaming projector line-up help bring the gaming experience for your game of choice to another level.
The X3000i also features Fast Mode, which optimises gaming performance and provides gamers with unparalleled control through low latency and minimal response times. There is support for a wide range of resolutions, from 16ms for console games at 4K resolution down to 4ms with a 240hz refresh rate, providing gamers with smooth graphics for a realistic gaming experience.
BenQ’s X3000i gaming projector is housed in a dynamic design that will complement any gamer’s décor. It can be placed in various locations, thanks to a 1.3x zoom ratio, 2D and Auto-V keystone, and advanced AV connectivity. The X3000i also features a 4LED light source that provides over 30,000 hours or 10+ years of vibrant colours and gorgeous gaming quality without replacement, allowing gamers to dive deep into a game’s storyline for hours on end.
Beyond the gaming experience, the BenQ X3000i is also equipped with Google-Certified Android TV, allowing users to access the Google Play store, home to more than 5,000 Android apps, movies, TV shows, live sports, news, games and music, and providing a wide array of entertainment in the comfort of one’s home.
The BenQ X3000i 4LED 4K gaming projector retails at S$3499 and will be available from 10 May 2022 at the BenQ Store on Shopee and Lazada. And for a limited time only, enjoy free shipping on your X3000i order from 10 to 23 May 2022.
Find out more about the BenQ X3000i 4LED 4K gaming projector here.
Technical Specifications
Model | X3000i | |
Projection System | DLP 0.65″ | |
Resolution | 4K 2160P (3840×2160) | |
Brightness | 3000 lumen | |
Contrast Ratio (FOFO) | 500,000:1 (w/ Dynamic Black) | |
Display Color | 1.07 Billion Colors | |
Aspect Ratio | Native 16:9 (5 aspect ratio selectable) | |
Color Space | 100% DCI-P3 | |
Throw Ratio | 1.15 – 1.5 (100″ @ 8.2 ft =2.5 m) | |
Zoom Ratio | 1.3x | |
Lens | F / # = 1.8 – 2.25 , f = 17.02~22.21 mm | |
Keystone | 2D, (Auto)Vertical ± 30 degrees; Horizontal ± 30 degrees | |
Projection Size
(Clear Focus / Maximum) |
60″ – 180″ / 30″ – 300″ | |
Noise | 32/28 dB | |
Dimensions(W x H x D) | 10.7 x 7.8 x 10.2 inches (272 x 197.1 x 259.4 mm) w/o adjustment feet | |
Weight | 14 lbs. (6.4 Kg +/- 100g) | |
Picture Mode | Bright / Living Room / Game / Sports / Cinema / (3D) / (HDR10) / (HDR Game) / (HLG) / User | |
Others | HDR10/HLG Compatibility, 3D | |
Gaming Compatibility | ||
Console Game | Playstation 5, Playstation 4 Pro, Playstation 4, Playstation Slim
XBox One X, Xbox One S Nintendo Switch |
|
Latency | 16.67ms: 4K@60Hz
16.67ms: 1080p@60Hz 8.33ms: 1080p@120Hz 4.16ms: 1080p@240Hz |
About BenQ Corporation
Founded on the corporate vision of “Bringing Enjoyment ‘N’ Quality to Life”, BenQ Corporation is a world-leading human technology and solutions provider aiming to elevate and enrich every aspect of consumers’ lives. To realise this vision, the company focuses on the aspects that matter most to people today – lifestyle, business, healthcare and education – with the hope of providing people with the means to live better, increase efficiency, feel healthier, and enhance learning. Such means include a delightfully broad portfolio of people-driven products and embedded technologies spanning digital projectors, monitors, interactive large-format displays, digital cameras and camcorders, mobile computing devices, and lighting solutions. Because it matters.
#BenQ
Epicor Reimagines the Mobile Warehouse to Win Motorola Solutions Hong Kong App Challenge

“More than 21,000 customers worldwide depend on our expertise every single day to give their businesses a competitive edge. This award shows that their trust in us is well-placed,” said Vincent Tang, regional vice president for Epicor Asia. “The business landscape has evolved greatly over the last two years, especially with digitalization speeding up. This milestone win recognizes us as a top solutions provider in helping our manufacturing customers transform their operations to realize greater efficiency and productivity.”

The Epicor Warehouse app entry leveraged the company’s Kinetic manufacturing platform and the Motorola Solutions MOTOTRBO™ Ion Commercial Smart Radio to tackle key warehouse management challenges including:
- Overwhelming manual or paper-based operations creating redundant procedures that waste time and increase labor costs, leading to data inaccuracy and human errors
- Lack of traceability, visibility, and quality control leading to inaccurate stock levels and the build-up of obsolete inventory
- Lack of visibility of current inventory, fast-moving SKUs, expiring or expired SKUs, pending sales orders, and required materials
- Improper maintenance because of poor operational and enterprise asset management
Through the innovative app, Epicor successfully demonstrated increases in fulfillment speeds, a reduction in inventory costs, improved line-side uptime and yield protection, and allowed for better decision-making and effective management practices which would lead to stronger customer satisfaction.
To learn more about the Motorola Solutions App Challenge, please visit https://msiac.site.
About Epicor
Epicor equips hard-working businesses with enterprise solutions that keep the world turning. For nearly 50 years, Epicor customers in the automotive, building supply, distribution, manufacturing, and retail industries have trusted Epicor to help them do business better. Innovative Epicor solution sets are carefully curated to fit customer needs and built to respond flexibly to their fast-changing reality. With deep industry knowledge and experience, Epicor accelerates its customers’ ambitions, whether to grow and transform or simply become more productive and effective. Visit www.epicor.com for more information.
#Epicor
Epicor and the Epicor logo are trademarks of Epicor Software Corporation, registered in the United States and other countries. Other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation. Results are not guaranteed, and each user’s experience will vary.
The issuer is solely responsible for the content of this announcement.
Weavve Home Launches ‘The Gift Of Perfect Sleep’ For The Ultimate Tencel Experience
The bed linen brand, which has been featured on Vogue, The Straits Times, Tatler, Prestige, and more, is committed to bringing in the best products that will enhance its customers’ sleeping experience. As such, it strives to be a one-stop shop for TENCEL™ bedding products.
TENCEL™ is a silky, cooling, breathable and hypoallergenic material, perfect for bedding products for everyone anywhere. The silky finish and temperature regulating properties of the material keeps the body cool during sleep in a wide variety of climates, and its perfect moisture management characteristic reduces bacteria proliferation, making it a suitable option for those with sensitive skin.
In addition to its beneficial properties, TENCEL™ lyocell is made from sustainably sourced eucalyptus wood. The fibres are innovatively produced using sustainable technologies, making them less prone to common issues like wrinkling, fading, shrinking and thinning over time. After which, the weaving process uses long fibres to produce lighter, finer and more durable sheets.
Weave Home’s ‘The Gift of Perfect Sleep’ bundle consists of 6 bedding pieces made up of 100% TENCEL™ Lyocell fibres. The bundle features Weavve Home’s bestseller, the Lyocell sheets, which have been engineered with the use of 80s yarn count. Other items that make up ‘The Gift of Perfect Sleep’ bundle include a duvet, a duvet cover, 2 pillowcases, and a waterproof mattress protector.
Customers can rest assured that Weavve Home’s sheets, duvet and mattress protector are certified toxin-free with the label STANDARD 100 by OEKO-TEX®, making it safe for everyone, including babies and those with sensitive skin.
Weavve Home is a provider of bedding products including tencel sheets and bed sheets. ‘The Gift of Perfect Sleep’ bundle can be found online at https://weavvehome.com/products/the-gift-of-perfect-sleep.
About Weavve Home:
Weavve Home started from both a fascination with great products and a frustration with the shopping experience. Its goal is to bring high quality, well-designed items straight to its customers, cutting out middlemen fees and expensive marketing. At the same time, it strives to streamline the shopping experience by giving customers clear, detailed information, as well as a free trial period to try its products with peace of mind.
#WeavveHome
The issuer is solely responsible for the content of this announcement.
Vientiane Petrol Station Owner Issues Apology for Coffee Confusion
The franchisee of a PTT petrol station in That Luang, Vientiane Capital, has publicly apologized for forcing customers to purchase coffee prior to being allowed to buy fuel.
Rainy Season Begins in Laos
Laos has entered the rainy season after only a brief hot spell, with wet weather ahead for the near future.
Johnson Electric reports results for the year ended 31 March 2022
- For the financial year ended 31 March 2022, total sales amounted to US$3,446 million – an increase of 9% compared to the prior year. Excluding the effects of foreign currency movements and an acquisition, underlying sales increased by 7%
- Gross profit totalled US$702 million – a decrease of 3%
- EBITA, adjusted to exclude restructuring charges and significant non-cash items, decreased by 27% to US$244 million or 7.1% of sales (compared to 10.6% of sales in FY2020/21)
- Net profit attributable to shareholders totalled US$146 million – a decline of 31% compared to the prior year
- Underlying net profit totalled US$165 million – a decrease of 34%
- As of 31 March 2022, cash reserves amounted to US$345 million and the ratio of total debt to capital at the financial year end was 16%
HONG KONG SAR – Media OutReach – 12 May 2022 – Johnson Electric Holdings Limited (“Johnson Electric”), a global leader in electric motors and motion subsystems, today announced its results for the twelve months ended 31 March 2022.
Group sales for the 2021/22 financial year totaled US$3,446 million – an increase of 9% compared to the prior year. Excluding the effects of foreign currency movements and an acquisition, underlying sales increased by 7%. Net profit attributable to shareholders totalled US$146 million or 16.23 US cents per share on a fully diluted basis. Underlying net profit was US$165 million, a decrease of 34% compared to the prior year.
Sales Performance
The Automotive Products Group (“APG”), Johnson Electric’s largest operating division, achieved sales of US$2,644 million. Excluding currency effects and an acquisition, APG’s sales increased by 5%. This compares to a reduction in global light vehicle production volumes of approximately 1% over the same period.
Although the global economy was on a broadly improving trajectory for most of the 2021 calendar year, the automotive sector has remained under capacity-constrained conditions and unable to meet pent-up, underlying consumer demand – with global vehicle production volumes still more than 10% below their pre-pandemic levels. The largest constraining factor has been the persistent shortage of semiconductors necessary for manufacturing a large number of auto components and subsystems. As a result, OEMs have continued to make almost constant amendments to production schedules and focused their attention on a smaller number of vehicle models.
Additional factors hampering the auto industry’s supply chain and disrupting production over the past year have included shortages of other specialist raw materials and components, disruptions to container shipping schedules, the outbreak of war in Ukraine and the recent resurgence of COVID-19 in China that has resulted in government-mandated factory shutdowns.
This unprecedented set of operational challenges is occurring at the same time that the industry is undergoing a fundamental structural shift away from internal-combustion engine technologies and towards hybrid and fully electric vehicles.
In these difficult operating conditions, APG has continued to achieve sales growth well above the light vehicle production volumes of the industry in every major geographic region. In the Americas, APG increased sales by 10% compared to industry production volume growth of 3%. In Europe, sales grew by 3% compared to a 10% decline in the region’s vehicle production (with volumes in the key market of Germany dropping by almost 14%). And in Asia, our sales increased by 4% compared to a 1% decrease in overall industry output (including a 4% decline in China’s passenger vehicle production during the period under review).
APG is able to continue to deliver encouraging growth in sales due to a product portfolio that is focused on the key long-term technology trends transforming the industry. This includes innovative technologies that enable electrification, reduce emissions, enhances safety and comfort, and heats, cools or lubricates critical vehicle systems.
The Industry Products Group (“IPG”) achieved sales of US$802 million, which represented 23% of total Group sales. Excluding currency effects, IPG’s sales increased by 12%.
This very satisfactory sales performance by IPG reflected both the continued progress being made to position the division to serve a range of exciting, high growth market segments and the generally buoyant global demand for consumer and industrial goods. It should be noted that while semiconductor and other materials shortages have also constrained supplies to many of IPG’s end-markets, these disruptions have tended to be somewhat less severe than those experienced by the automotive sector.
The changes to consumer behaviour that emerged during the pandemic, including the rise in demand for “home-centric” products, remained a strong growth driver for many of the product applications served by IPG – although a slowdown in demand in some of these segments occurred during the second half of the year. The division achieved significant growth in the lawn and garden, ventilation, beverage, heating, window automation and white goods segments due to a combination of program launches and new business wins, higher market share and increased market demand.
On a regional basis, IPG experienced strong growth in Europe and the Americas as sales in the prior year were constrained by the impact of the COVID-19 pandemic. Sales in Asia, however, declined slightly – due to the combination of the different year-on-year pattern of pandemic-related effects on demand in China (including the most recent re-imposition of lockdowns in some provinces) and customer-specific situations that have been exacerbated by materials and component shortages.
Gross Margins and Operating Profitability
The Group’s gross profit amounted to US$702 million – a decrease of 3% compared to the prior year and, as a percentage of sales, a decrease from 22.9% to 20.4%. The decline in gross margins reflected the combination of higher underlying raw material costs, rising labour costs (exacerbated by the inefficiencies caused by components shortages, disruptions to customer production schedules and recent government-mandated factory shutdowns in China), the ending of pandemic-related one-off cost-saving initiatives and subsidies, higher depreciation and customer contractual price reductions. These sharp increases in input costs were only partially offset by sales volume growth, hedging contracts and product price increases where contractually feasible.
Earnings before interest, tax and amortization (“EBITA”), adjusted to exclude the effects of restructuring charges and significant non-cash items, amounted to US$244 million or 7.1% of sales. In addition to the factors negatively impacting gross margins noted above, the major factors reducing profitability at the operating level were the sharp increase in freight and logistics expenses and also higher infrastructure costs and investments in IT.
Net Profit and Financial Condition
Net profit attributable to shareholders decreased by 31% to US$146 million or 16.23 US cents per share on a fully diluted basis. Underlying net profit, excluding the effects of restructuring charges and significant non-cash items, amounted to US$165 million compared to US$251 million in the prior year.
The combination of reduced profit, higher capital investments and, in particular, a significant increase in working capital requirements in response to rising end-market demand resulted in a free cash outflow of US$132 million (compared to a free cash inflow of US$171 million in the prior year). Notwithstanding a reduction in cash reserves to US$345 million as of 31 March 2022, Johnson Electric’s financial condition remains sound with a total debt to capital ratio of 16%.
Dividends
Several of the macro-economic headwinds and supply chain disruptions currently impacting Johnson Electric’s operations can be considered exceptional and potentially short-term in nature. The Board nonetheless considers it prudent for the Company to conserve its cash until operating conditions and the financial performance of the business improve. It has therefore recommended a final dividend payment of 17 HK cents per share. Together with the interim dividend of 17 HK cents per share, this represents a total dividend of 34 HK cents per share (compared to a total dividend of 51 HK cents per share in the prior year), equivalent to 4.36 US cents per share.
The final dividend will be payable in cash, with a scrip alternative where a 4% discount on the subscription price will be offered to shareholders who elect to subscribe for shares. The Board has further been informed that the controlling shareholder of the Company intends to subscribe for its entire eligible allocation of shares under the scrip dividend alternative. Full details of the scrip dividend alternative will be set out in a circular to shareholders.
Business Strategy and Management Initiatives to Improve Performance
The challenging operating environment does not alter the core elements in the Group’s business strategy which include:
- investing in innovative motion-related products and technology solutions that address society’s long term demand trends, particularly in the areas of electrification, emissions reduction, automation, mobility, safety and healthcare
- offering a highly responsive and low-cost manufacturing fulfilment model that effectively serves customers on a global and regional basis
- accelerating the transformation of our business processes and data management through the deployment of the latest digital platforms and tools
However, it has become increasingly evident that the effects of both the recent series of shocks to “just-in-time” manufacturing supply chains and the global inflationary surge in input costs are not likely to abate in a meaningful way in the short term. This is requiring an immediate and far-reaching response from management that extends to every part of our business.
All business groups and functional areas have been set aggressive cost reduction goals for the new financial year that regrettably requires targeted reductions in labour and staffing levels in order to maintain our competitiveness. Part of these headcount savings will be enabled by our investments in high-speed manufacturing automation and the ongoing optimisation of our operating footprint. Raw material and other components procurement contracts are being scrutinized for rationalization and cost saving opportunities. Within our functional areas, business processes are being streamlined and new digital tools adopted to reduce cost and improve productivity.
Chairman’s Comments on the Annual Results and Outlook
Commenting on the annual results for the financial year 2021/22, Dr. Patrick Wang, Chairman and Chief Executive, said, “The financial year 2021/22 has been particularly challenging for Johnson Electric as several macro-economic and industry-specific factors have placed severe pressure on global component manufacturing supply chains. Although sales growth has been robust as the world economy continued its recovery from the COVID-19 pandemic, rising input costs and externally-driven disruptions to our operations sharply reduced profit margins.”
Commenting on the outlook for the business, Dr. Patrick Wang, said, “Within the automotive sector, the uptake of new energy vehicles (NEVs) – both hybrid and fully-electric – is accelerating. In Europe, for example, electrically-chargeable cars now account for almost one in every five new vehicles sold. Although the NEV sector is still highly reliant on support measures such as purchase incentives and the availability of charging infrastructure, few can doubt that the greatest opportunities for future growth lie in this segment of the industry. Johnson Electric is strongly positioned to leverage its long-standing electro-mechanical expertise and global manufacturing footprint to continue to grow our share of content in NEVs, particularly in the areas of thermal management, electric driveline, braking and power steering.”
“Technology advancements and evolving consumer preferences are presenting similarly exciting growth opportunities for the IPG division. Across a wide range of end-market applications, the demand for new products that feature increased levels of automation, energy efficiency, controllability and precision play directly to Johnson Electric’s core strengths and capabilities. And, as exemplified by our new venture in AI-driven quality assurance software, IPG will not be limiting itself only to hardware components.”
“On the other hand, the externally-driven headwinds and disruptions that hampered our operations and pressured our financial performance in the past year look set to continue in the near term.”
“For much of the past year, a key challenge has been the shortage of semiconductors and other components that has constrained our ability to meet customer demand. These industry-wide shortages have yet to be resolved, but an emerging risk is that the sharpest rise in global inflation since the early 1980s now has the potential to crimp consumer demand in some end markets. Added to this, it is difficult to overstate the risks stemming from Russia’s invasion of Ukraine (the largest military conflict in Europe since World War II) and the resurgence of COVID-19 in China.”
“Faced with such daunting macro-economic and geopolitical uncertainties, we remain focused on those aspects of our business that we can directly influence and taking actions, wherever possible, to mitigate the risk of things outside of our control.”
About Johnson Electric Group
The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 35,000 individuals in 22 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: www.johnsonelectric.com.
Forward Looking Statements
This news release contains certain forward looking statements with respect to the financial condition, results of operations and business of Johnson Electric and certain plans and objectives of the management of Johnson Electric.
Words such as “outlook”, “expects”, “anticipates”, “intends”, “plans”, “believe”, “estimates”, “projects”, variations of such words and similar expressions are intended to identify such forward-looking statements. Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results or performance of Johnson Electric to be materially different from any future results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding Johnson Electric’s present and future business strategies and the political and economic environment in which Johnson Electric will operate in the future.
#JohnsonElectric
The issuer is solely responsible for the content of this announcement.