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Southco Launches A New Wireless Access System With The Keypaniontm(TM) App

HONG KONG SAR – Media OutReach – 20 September 2023 – Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning technology has launched a new wireless access system featuring the Keypanion app, a revolutionary smart access app that lets users wirelessly actuate latches from their smartphones. The app replaces physical keys, which can be lost or stolen, with a convenient, intuitive system that is easy to install and manage. While other remote or electronic access systems may require a full security system, this system removes that barrier to entry with a setup process as easy as creating an account and connecting a Southco Bluetooth® controller to one of many compatible latches. Access to these latches can also be shared with other accounts so users can be certain that only the right people can unlock their device at all times. The Keypanion app provides an easy way for anyone to step into the next generation of electronic access.

Southco’s Bluetooth Controller and the KeypanionTM App
Southco’s Bluetooth Controller and the KeypanionTM App

The Keypanion app was born from a desire to reduce dependency on physical keys. They can be difficult to keep track of, and can be lost, stolen, or damaged. The app removes this uncertainty and hassle with a system that is easy to set up and use no matter the user’s technological knowledge. Users can easily set up their smart access system by downloading the Keypanion app, creating an account, and registering any compatible Southco latch. After registering, users have peace of mind knowing that their devices are secure, and no one will gain access without their permission.

If users do need to share access to their latches, it is even easier than handing someone a physical key. Users can freely share access with other accounts from anywhere in the world with the push of a button in the app. They can also set this access to expire after a set period of time to ensure that others only have access when they need it. This sharing method is more secure than lending out physical keys, which can be lost, stolen, or damaged in the process. With the Keypanion app, you can see who has access to your devices any time, and instantly grant or revoke a user’s access. Convenience is a major focus of the Keypanion app, and its sharing functionality ensures that the right people will always have access to a device at the right times.

However, convenience is not the only focus of the Keypanion app. Security is a top priority for all users, and the app heightens security beyond simply replacing physical keys. As long as a device with the Keypanion app is near your latch, you will be able to see if it is open or closed. This status also comes with a timestamp so there is no confusion around when it was last updated. Users can also view a device’s history for up to fourteen days, to see which accounts have accessed the device, and when.

These features make the Southco wireless access system a convenient first step for anyone looking to upgrade to electronic access. The combination of the Keypanion app, Southco Bluetooth controller, and compatible latch requires no dedicated IT team to set up, and with a smartphone nearby, the system is always easy to use. The Keypanion app replaces physical keys, so there is no risk of one being lost or stolen, and provides additional security benefits such as timed access sharing and status monitoring. The world of smart access is just getting started, and the Keypanion app is leading the way.

For more information about the Southco wireless access system featuring the Keypanion app, visit southco.com/keypanion or email Southco’s 24/7 customer service department at info@southco.com.

Hashtag: #southco #keypanion #bluetooth #securitysystem #electronicsolutions

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

About Southco

Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 70 years, Southco has helped the world’s most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a dedicated global team, Southco delivers the broadest portfolio of premium access solutions available to equipment designers throughout the world.

Southco Asia Limited
2401, Tower 2, Ever Gain Plaza
88 Container Port Road, Kwai Chung
Hong Kong

HSBC, Daiwa Capital Markets and Essence International Reiterate “Buy” Rating on Fosun International

HONG KONG SAR – Media OutReach – 20 September 2023 – Fosun International Limited (HKEX stock code: 00656, “Fosun International” or the “Company”), together with its subsidiaries (“Fosun” or the “Group”), announced its 2023 interim results at the end of August. After a number of investment banks such as Goldman Sachs and Citi assigned the Company a “Buy” rating, HSBC, Daiwa Capital Markets and Essence International have successively published research reports recently, reiterating their “Buy” rating on Fosun International. HSBC, Daiwa Capital Markets and Essence International have assigned the Company target prices of HK$8.1, HK$7.7, and HK$7.5 respectively, with approximately 60% upside or more.

HSBC expressed its bullish view on Fosun’s steady core business recovery. With gold prices staying at a high price level and worldwide travel restrictions lifted, the firm expects Fosun Tourism Group under the Group’s Happiness segment to see an extended earnings recovery within the year. Taking Club Med as an example, the firm pointed out that the occupancy rate of Club Med has returned to pre-COVID-19 levels. In the first half of 2023, the business volume of Club Med amounted to approximately RMB7.94 billion, representing a year-on-year increase of 32.2%, and reaching to 119.6% of that of the same period of 2019; the capacity of Club Med increased by approximately 13.4% as compared to that of the same period of 2022, and recovered to 99.2% of that of the same period of 2019.

In addition, HSBC is also optimistic about Fosun’s profitability of the Health segment, especially Fosun Pharma saw its 2023 interim net profit up 15.7% year-on-year with its new products maintaining sales growth. The firm believes that the Health segment will continue on a stable growth pace. According to Fosun Pharma’s press release, in the first half of 2023, a number of innovative products and indications self-developed and co-developed by Fosun Pharma were approved for launch, further expanding the innovative product portfolio, contributing to the continuous optimization of product structure and maintaining rapid growth of revenue from innovative products. Among them, revenue from HANSIZHUANG which was approved for launch in March 2022 achieved RMB556 million in the first half of 2023, entering the “speeding up period” of commercialization. Revenue from HANQUYOU increased by 57.1% period-on-period, while revenue from SUKEXIN increased by 32.7% period-on-period.

Essence International expressed its bullish views on Fosun’s Health segment for its global expansion and innovation-driven strategies, as well as its strong recovery of Happiness segment. The firm also pointed out that the scale of Fosun’s insurance business under the Wealth segment has been steadily expanding, with its investable assets remaining stable and profitability continuing to improve. In the first half of 2023, Fosun Insurance Portugal’s total gross written premiums (“GWP”) were approximately EUR2.65 billion, maintaining its leading position in the Portuguese market with a 30% market share in Portugal. Fosun Insurance Portugal also actively expanded its non-domestic businesses, resulting in rapid growth in its international business. In particular, it achieved substantial business growth in Latin America: premium income in Peru and Bolivia came in at RMB816 million and RMB200 million respectively, representing an increase of 61% and 43% compared to the same period of last year. German private bank HAL’s gross income increased by 24% year-on-year to EUR224 million, with total assets reaching EUR13.3 billion, reflecting the high quality operation of the Group’s Wealth segment.

It is worth noting that HSBC, Daiwa Capital Markets and Essence International unanimously pointed out that Fosun continued to optimize its capital and asset structure, put greater efforts in the disposal of non-strategy and non-core assets, and actively explored financing channels, thereby maintaining ample liquidity. In the first half of 2023, cash inflow from divestment amounted to more than RMB20.0 billion at the consolidated level. In January 2023, Fosun High Technology successfully entered into a syndicated loan agreement for an amount of RMB12 billion with eight domestic banks, attesting to the domestic banking institutions’ firm support for the development of private enterprises. In the first half of 2023, the Group has navigated through the “maturity wall”, as of 30 June 2023, the Group had no material offshore bonds due in one year.

Looking ahead to Fosun International’s future performance, as major factors affecting the share price have already been reflected, the Company’s current valuation is attractive, thus securities firms and investment banks have recommended investors to buy the Company’s shares.

Hashtag: #Fosun

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

Cambodia Men’s Water Polo Team Boosts Skills with Singapore Training Session

Collaborative effort by the Khmer Swimming Federation, the Singapore Swimming Association, and Prince Foundation nurtures the newly formed team.

PHNOM PENH, CAMBODIA – Media OutReach – 20 September 2023 – The Cambodia Men’s National Water Polo Team successfully completed a week-long training session in Singapore from September 10 to 15, 2023. The team underwent intensive training with the Singapore Men’s National Water Polo Team, gaining exposure to advanced training models and insights from one of the strongest water polo teams in Southeast Asia.

(updated) Cam Water Polo X SG Water Polo team - Copy.png

This initiative was made possible through a joint effort between the Khmer Swimming Federation (KSF), Singapore Swimming Association, and Prince Foundation, with generous support from Cambodia Airways. A 12-player team and their coaches from Cambodia trained in Singapore, engaging in sparring sessions with the Singapore National Youth Water Polo team and the Singapore Sports School team. Additionally, they had the opportunity to explore local tourist attractions during their free time.

Mr. Gabriel Tan, Chief Communications Officer of Prince Holding Group, expressed optimism about the training trip. “This collaboration not only promotes sportsmanship but also fosters relations at the grassroots level. We are delighted to offer our support to the Cambodian team as part of our ongoing commitment to uplifting communities and sporting talents,” said Mr. Tan.

Mr. Kiry Hem, Secretary General of the Khmer Swimming Federation (KSF), highlighted the significance of the training. “The trip to Singapore is a momentous one for our young water polo team. Gaining hands-on experience with a team of Singapore’s caliber is invaluable. This kind of international exposure will be instrumental in boosting our team’s performance in future competitions,” stated Mr. Hem.

During the training, the Cambodian team had the unique opportunity to learn from Singapore’s training model and ecosystem. This collaborative effort aims to create a sustainable interest in water polo and provide Cambodian players with opportunities to enhance their skills and strategies.

In the recently concluded 32nd SEA Games, the Singapore men’s national water polo team clinched the gold medal, while Thailand and Indonesia settled for silver and bronze, respectively. Despite not earning a medal this year, the Cambodian team showed promising potential, considering they were newly formed for the 2023 SEA Games.

Hashtag: #PrinceFoundation #PrinceHoldingGroup #KhmerSwimmingFederation #SingaporeSwimmingAssociation

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

About Khmer Swimming Federation (KSF)

The Khmer Swimming Federation is the governing body for swimming and water sports in Cambodia. Under Deputy Prime Minister Sun Chanthol’s leadership, the Khmer Swimming Federation is working diligently to revive Cambodian aquatic sports with the hope of ushering in a new golden era for the sport in Cambodia.

About Prince Foundation

Founded by Neak Oknha Chen Zhi, Prince Foundation is the philanthropic arm of Prince Holding Group, committed to building a better future for Cambodia. The Foundation focuses on three core pillars – Education and Youth Empowerment, Community Engagement and Sports, and Healthcare – to drive transformative change and sustainable growth throughout the Kingdom.

Lunique Real Estate and Banyan Tree Group have jointly launched Skypark Lucean Jomtien Pattaya, a high-end sea view condominium

CHONBURI, THAILAND – Media OutReach – 20 September 2023 – Lunique Real Estate Company Limited is proud to announce the launch of its latest project, Skypark Lucean Jomtien Pattaya, a brand of Banyan Tree Group. This new gem is situated at the heart of Jomtien. The project represents an investment of up to 1 billion baht. Potential customers already showed interest and placed orders immediately, even before the official opening, which truly reflects this project’s popularity. Therefore, the remaining units, starting from 3.6 million baht, are expected to be sold completely within the next two years.

Edit_01_Lucean Pattaya_Hero shot_Draft_05.jpg

Ms. Uradee Kunkiratiyut, Chief Executive Officer of Lunique Real Estate Company Limited, revealed that the Skypark Lucean Jomtien Pattaya project in Chonburi Province was created with the idea of providing families with a happy and luxurious living space. The project is located on Jomtien Beach, one of the most popular areas in Pattaya, and has been designed to offer a peaceful experience and a natural environment for residents to relax and unwind.

The Skypark Lucean Jomtien Pattaya is a luxurious condominium complex that offers breathtaking sea views from every unit. The property is situated on a vast expanse of over eight rai, with an estimated investment value of 4,500 million baht. With meticulous attention to detail, the project is divided into two phases of development. The first phase includes two buildings which have 60 floors and 30 floors consecutively, totaling 889 units. This high-rise condominium, developed by Lunique Real Estate Company Limited, is only a mere 200 meters from Jomtien Beach. The facilities offered by the complex are exceptional and provide a truly indulgent experience, allowing one to unwind and relax fully.

Mr. Stuart Reading, Managing Director of Banyan Tree Group Property Development, expressed his pleasure at signing a cooperation agreement with Lunique Real Estate Company Limited, “We are very pleased to play a significant role in being a part of the project. Our joint efforts will definitely set a new benchmark for condominium-style residential projects in Pattaya.”

Apart from the project’s common area designed for various activities and relaxation, residents can enjoy the beauty of nature in Jomtien Bay. Pattaya is still a rapidly developing area and is considered a potential location for business growth. The location is the gateway to the Eastern Economic Corridor (EEC). This region has numerous economic opportunities, including the real estate market, which has been experiencing increasing demand. Consequently, the project has garnered considerable attention and generated an overwhelming response from consumers. Reservations are open for all units in phase one.

According to Ms. Uradee Kunkiratiyut, the true purpose is not only to enhance service standards for condominium projects but also to provide an exceptional level of service. As a part of this effort, every unit owner at
Skypark Lucean Jomtien Pattaya will automatically become a member of The Sanctuary Club. Its benefits include discounts on subsequent purchases worldwide through the Banyan Tree Group network. This truly emphasizes the project’s notion of bestowing valuable and joyous moments upon everyone.

Hashtag: #SkyparkLuceanJomtienPattaya #SkyparkLucean #Pattaya #Thailand #Banyantree

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

About Skypark Lucean Jomtien Pattaya

The luxurious condo offers stunning sea views from every unit, with ample space for various activities. Enjoy the breathtaking scenery of Jomtien Bay, where you can see the sky from every angle, including 6th-floor Sunlight Garden Pool, 6th-floor View Point Pool, 29th-floor Yoga Greenery, 30th-floor Sky Pool, 30th-floor Co-Library,
31st-floor Sky Lounge, 48th-floor Sky Gym as well as the 49th-floor Skyline Sunset Garden, 49th-floor Rosy Clouds Bar and other amenities are all designed to offer a unique and breathtaking experience.

The Skypark Lucean Jomtien Pattaya project is divided into two phases. Phase 1 comprises two buildings, Building A with 60 floors and Building B with 31 floors, totaling 899 units. Phase 2 features a 60-storey building. To make an appointment and request more details, please contact 098-861-2727. For more information .

Laos to Join Regional Summit to Bolster Anti-Drug Cooperation Along Borders

Laos to Join Regional Summit to Bolster Anti-Drug Cooperation Along Borders
FILE: Lao police investigating confiscated drugs (photo: Laophatthana News)

Senior anti-drug police officers from Laos, Thailand, Vietnam, and Cambodia will meet in Vietnam next month to discuss cooperation on anti-drug trafficking measures along border areas in the region.

“ESG and Green Finance Opportunities Forum 2023” on October 4 Themed Combating Climate-risks and Achieving a Sustainable Future

Assemble international experts to navigate transition finance, social impact investments and decarbonization technologies
Financial Secretary Paul Chan will give keynote speech

HONG KONG SAR – Media OutReach – 19 September 2023 – The Chamber of Hong Kong Listed Companies (CHKLC) will stage the ESG and Green Finance Opportunities Forum 2023 on October 4. In its third time, the Forum is best timed to prepare local businesses on more stringent climate-related disclosure requirements and to stay ahead of time with their ESG plans in the areas of transition finance, social impact investments and decarbonization technologies. Hang Seng Bank remains steadfast in its commitment as the title sponsor, while Financial Secretary Paul Chan Mo-po is set to deliver the keynote address. The opening session will continue further with remarks from CHKLC’s Chairman, Catherine Leung, and Hang Seng Bank’s Executive Director and Chief Executive, Diana Cesar. The Forum will bring together over 20 experts from international financial institutes, listed companies, regulatory bodies and technology start-ups to share their thoughts and experiences around the theme of “Combating Climate-risks and Achieving a Sustainable Future: Transition Finance and Innovative Technology”.

Transition Finance and Innovation Technology to support low-carbon transition

Managing climate risks is one of the most important challenges to businesses in recent years due to mitigation costs and tightening disclosures requirements. By January 2024, climate-related disclosures are proposed to be mandatory in listed firms’ ESG reports. Many traditional businesses with higher GHG emissions are getting eager to transition to low carbon, low emission operation through business transformation. Transition Finance is pivotal in the shift towards a low-carbon economy. In alignment with this, Hang Seng Bank has been offering various financial products to support corporate customers’ sustainability efforts. These include sustainability-linked loans, green trade financing, and green receivables financing solutions, all designed to integrate sustainability into corporate packages.

Social Impact Investments to connect with communities

As good corporate citizens, engaging with social needs and connecting with the community are also considered as alignments to ESG requirements. There has been growing advocacy among corporates to address social concerns on top of environmental needs, some even taking the lead in social impact investments. Decarbonization technologies have also been developed in response to climate risks and can be of great help to corporates in achieving low-carbon operations.

4 discussion panels to address hot ESG topics

All these compelling issues will thus be the focus of discussions in the coming ESG and Green Finance Opportunities Forum 2023 to be addressed in the following 4 panel discussions.

(1) Panel 1: Transition Finance – Trends, Opportunities and Challenges

Transition finance is to offer financial support which helps high-carbon companies to start implementing long-term changes to become greener. The characteristics and practices of transition finance, as well as how corporates in Hong Kong and GBA can best utilize it in their climate change endeavours will be discussed.

(2) Panel 2: Social Impact Investments for Sustainable Growth

Going beyond decarbonization, financing should also be channeled to projects with positive social impact. This session will introduce social impact investments as means to advance sustainable development goals and evaluate current endeavours in Hong Kong and GBA.

(3) Panel 3: Regulatory Updates on ESG Reporting and Climate Risks Disclosures

Representatives from regulators HKEX and SFC are invited to share updates on the latest climate-related rules and regulations to prepare local businesses for better compliance and reporting.

(4) Panel 4: Decarbonization Strategy and Technology Application

Experts will share innovative technologies and forward-looking strategies to help listed companies to attain low carbon low emission operations and meet their carbon neutrality targets.

Financial and ESG experts as panel speakers

Financial heavyweights, regulators, ESG veterans have been invited to speak at the 4 panels and share their valuable experiences. The list includes but is not limited to: Mr Paul MALAM, Head of Policy and Secretariat Services, Listing of HKEX; Ms Jennifer LEE, Director, Corporate Finance Division, SFC; Professor Simon HO, President of the Hang Seng University of Hong Kong; Mr Frank HEUNG, Head of Structured Finance, Commercial Real Estate & Corporate Advisory of Hang Seng Bank; Mr Anthony CHEUNG, Supervisory Board Member, World Benchmarking Alliance; Mr Ricco ZHANG, Senior Director, Asia Pacific of International Capital Market Association; Ms Katherine KOH, Global Climate Lead for IFC Infrastructure; Mr Peter YAN, CEO, Cyberport, as well as senior ESG executives from listed companies.

(Conference speaker list and programme can be referred to
https://www.chklc-esgforum.com/website/index.html)

For further information about the “ESG and Green Finance Opportunities Forum 2023”, please contact (852) 2970 0886 or email to info@chklc.org.

Hashtag: #CHKLC

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

About the Chamber of Hong Kong Listed Companies (CHKLC)

Incorporated in September 2002, CHKLC is a non-profit organisation serving listed companies and other industry bodies in Hong Kong. The Chamber strives to promote sound corporate governance; function as an effective communication channel between listed companies and regulatory authorities; strengthen the linkage and foster cooperation among listed companies from Hong Kong and China and uphold Hong Kong’s position as an international financial and capital formation centre. Since 2007, the Chamber organises the annual “Hong Kong Corporate Governance and ESG Excellence Awards” jointly with the Hong Kong Baptist University to advocate best practices of corporate governance, ESG and recognize excellence.

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Alibaba Pictures announces to acquire Damai and transition into the flagship offline entertainment platform of the Alibaba Digital Media and Entertainment Group

HONG KONG SAR – Media OutReach – 19 September 2023 – Alibaba Pictures Group Limited (“Alibaba Pictures” or the “Company,” HKEX: 1060), an integrated entertainment platform featuring “content + technology” under the Alibaba Digital Media and Entertainment Group, and Alibaba Investment Limited, a wholly-owned subsidiary of Alibaba Group Holding Limited (“Alibaba Group”) (NYSE: BABA and HKEX: 9988 (HKD counter) and 89988 (RMB counter)), are pleased to announce the entry into a share purchase agreement, pursuant to which Alibaba Pictures had conditionally agreed to acquire the entire equity stake of Pony Media Holdings Inc. (the “Target Company”), the operator of “Damai” brand. By further expanding the upstream presence of “Damai” brand in live entertainment industry value chain, such as events production and promotion, venue operation and artist management, the Company aims to strengthen scale advantages and barriers to entry, and further build brand awareness for its offline entertainment business.

Through “Damai” brand, the Target Company (along with its subsidiaries) is a leading provider of live performances, including concerts, musical festivals, livehouse performances, plays, sports events and exhibitions in the PRC. The Target Company engages in the full life cycle of live performances, including production, promotion and ticketing, and served over 1.8 million events with over 100 million registered customers cumulatively.

“We believe this transaction heralds a new chapter for the new Alibaba Pictures. Before today’s announcement, we have already established deep connection with Damai through our exclusive service agreement, and accumulated over 20 million Taomai VIP members to date,” said Mr. Jie Li, President of Alibaba Pictures. “Following the transaction, we will strive to integrate our resources, expand presence along industry value chain, drive development through technology innovation, and ultimately create value to our customers and shareholders.”

The aggregate consideration shall be US$167 million (equivalent to approximately HK$1,307 million) and shall be satisfied by the Company allotting and issuing 2,513,028,847 consideration shares to Alibaba Investment Limited at an issue price of HK$0.52 per share, based on the volume weighted average price of the Company’s ordinary shares listed on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) for thirty (30) consecutive trading days immediately preceding the agreement date. Immediately after the issue of the consideration shares, Alibaba Group will increase its shareholding in Alibaba Pictures to approximately 54.26%.

J.P. Morgan Securities (Asia Pacific) Limited acted as Financial Adviser to the Company.

Subject to the fulfillment of certain conditions precedent, including obtaining approval from Independent Shareholders in a special general meeting, the transaction is expected to be closed in the fourth quarter of 2023. For more information, please refer to Company’s announcement published on the Stock Exchange dated September 19, 2023.

Hashtag: #AlibabaPictures

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

About Alibaba Pictures

Alibaba Pictures was incorporated in Bermuda and its shares are listed on the Main Board of the Stock Exchange. The Company is an entertainment platform driven by the Internet at its core, with full coverage across the industry chain. The core business of the Group includes three major segments: content, technology and IP merchandising and commercialization. These segments encompass (i) investment in and production and distribution of entertainment content, such as film and drama series, both domestically and internationally; (ii) digitalization in the entertainment sector, including platform ticketing, digital intelligence business and other technology products; and (iii) centered around content IP, provision of professional services such as IP development and operation, and production and distribution of IP derivatives, respectively.

For more information, please visit

Laos Confirms First Case of Monkeypox, Ministry of Health Issues Guidelines

Representational image of Monkeypox disease (Photo: Jclao)

The Lao Ministry of Health (MOH) issued a notice today confirming the first case of monkeypox infection in the country, involving an individual with a history of travel to neighboring countries where monkeypox cases have been reported earlier.