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Viet Nam set to stage elaborate performances for National Day at EXPO 2020

DUBAI, UAE – Media OutReach – 23 December 2021 – On December 30, Viet Nam will take center stage in Dubai with a vast array of activities to mark Viet Nam National Day at EXPO 2020, including a grand fashion show, a country business briefing, and Vietnamese film week.



Viet Nam National Day at EXPO 2020 Dubai will take place on Dec 30, 2021

The most anticipated day for Viet Nam at EXPO 2020 Dubai will be attended by a high-level governmental delegation with a leader from the Ministry of Culture, Sports and Tourism of Viet Nam.

 

The head of Vietnamese delegation will deliver a speech at Al Wasl Plaza emphasizing the potential development of bilateral relations between Viet Nam and the UAE, as well as the commitment of Viet Nam to pursue the United Nations’ sustainable development goals.

 

In the afternoon, Viet Nam will host a business briefing titled “Meet Viet Nam: Land of Opportunities” with the participation of representatives from Viet Nam and the UAE’s relevant agencies, as well as many Vietnamese and foreign entrepreneurs.

 

The event will provide socio-economic insights and information of the Southeast Asian country, a look at relations between Viet Nam and the Gulf countries, and most importantly, cooperation and investment opportunities in Viet Nam.

 

Over 150 Vietnamese and international models, beauty queens, artists, artisans, and circus performers will stage a magnificent fashion show at the iconic Al Wasl Plaza. Among the show’s talents, three renowned Vietnamese and international fashion designers will revive the beauty of traditional brocade with highly wearable, one-of-a-kind collections. Audiences will be treated to performances of traditional dance and music as well as exciting circus acts by Vietnamese artists.

 

The celebration will conclude with the opening of the first-ever Vietnamese Film Week in the Middle Eastern region. Seven internationally awarded Vietnamese movies will be screened from December 30 to January 5 at the Expo’s indoor and outdoor venues, presenting a panoramic view of Viet Nam as a fast developing country with a strong national identity and sense of values.

 

According to the Commissioner-General of Viet Nam Nguyen Phuong Hoa, amid the COVID-19 pandemic, Viet Nam National Day will be a great opportunity to portray a Viet Nam that is abundantly rich in culture and has proved itself an emerging star in Asia.

 

For more details, please visit: https://vietnamexpo2020dubai.com/show-item/vietnam-national-day/

#MOCST

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

Increased demand for Peruvian foodstuffs in Vietnam

  • Peru’s Export and Tourism Promotion Agency (PROMPERÚ) is promoting chia, quinoa and cranberries on the Vietnamese e-commerce platform Chopp
  • Peru is promoting table grapes in AEON and Central Retail supermarkets during December 

HO CHI MINH CITY, VIETNAM – Media OutReach – 23 December 2021 – Peru is continuing its strategic plan to consolidate its exports in Asian markets such as Vietnam, where its food exports grew by 18.8% between January and October 2021. The sector recorded sales of US$4.6 million, a significant figure compared to its sales of almost three million dollars in 2020.

 

Fresh grapes are among the most sought-after Peruvian products in Vietnam, with exports growing by 32.9% between January and October 2021 compared to the same period in 2020. This fruit is the third most important in this market, with a volume of 143,056 million tons last year, and Peruvian grapes are steadily increasing their share.

 

It is worth highlighting the high fruit and vegetable consumption in Vietnam, with 104 kg of fruit and 204 kg of vegetables per capita per year, representing 300% and 52.2% more than the global average respectively.

 

This is a market with huge growth potential for Peruvian fruit and vegetables. After grapes, the Peruvian products most popular with the Vietnamese are Brazil nuts, quinoa, black-eyed beans and chopped ginger.

 

Peru is the leading supplier of quinoa to Vietnam, a product that has established itself as the most dynamic this year in terms of growth, with exports up by 206.2%.

 

To continue Peru’s consolidation in the burgeoning Vietnamese market, various promotional actions are being rolled out both online and offline, such as the “Super Foods Peru weeks” in collaboration with Chopp, the leading e-commerce food platform in Vietnam.

 

The promotion of chia and cranberries on this platform will run for two weeks starting from 20 December. It will be followed by other promotions, most notably for fresh seasonal Peruvian table grapes, which will be available in physical stores from late December. Special displays of Peruvian superfoods will be featured in 25 supermarkets of the two leading retailers – Central Retail and AEON Vietnam – as well as tasting sessions in six AEON supermarkets.

 

PERU IN ASIAN MARKETS

The main destination markets for Peruvian agri-food products in Asia in 2020 were China (US$182 million), Hong Kong (US$158 million), South Korea (US$116 million) and Japan (US$89 million).

 

In South-East Asia, the main destinations are Indonesia (US$11.5 million), Malaysia (US$6.4 million), Thailand (US$8 million), Vietnam (US$4 million) and Singapore (US$1.4 million).

About SUPER FOODS PERÚ

The ‘Super Foods Peru’ brand represents exceptionally high-quality Peruvian foods. Grown and harvested in the country’s varied ecosystems – ocean, jungles and mountains – these products offer outstanding nutritional qualities.

Learn more about ‘Super Foods Perú’ here.

#SuperFoodsPerú

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

Hang Lung Announces 25 x 25 Sustainability Targets

A Clear Agenda Towards Sustainability Leadership

HONG KONG SAR – Media OutReach – 22 December 2021 – Following the announcement of our 2030 Sustainability Goals and Targets in December 2020, Hang Lung Group Limited (Stock Code: 00010) and Hang Lung Properties (Stock Code: 00101), collectively, “the Companies” or “Hang Lung”, have now taken another big step forward by establishing 25 targets to be achieved by the end of 2025 (“25 x 25 Sustainability Targets” or “25 x 25“). Our 2025 and 2030 targets together frame our ambition to become one of the most sustainable real estate companies in the world.

 

The 25 x 25 Sustainability Targets address the four priorities outlined in Hang Lung’s Sustainability Framework, namely Climate Resilience, Resource Management, Wellbeing and Sustainable Transactions. They define concrete and quantifiable measures Hang Lung will pursue to address significant sustainability challenges and provide our employees with a clear agenda over the next four years. Here are some highlights from this ambitious agenda:

  • Climate Resilience: Targets related to Scopes 1, 2 and 3 greenhouse gas (GHG) emissions, renewable energy, and climate adaptation
  • Resource Management: Targets related to recycling, water use, and landfill diversion
  • Wellbeing: Targets related to employee engagement, gender pay ratio, persons with disabilities, health and wellness, safety, and youth.
  • Sustainable Transactions: Targets related to suppliers’ ESG performance, marketing events, leases, sustainable finance, and asset acquisitions.

Mr. Adriel Chan, Vice Chair of Hang Lung Group and Hang Lung Properties, who also chairs the Companies’ Sustainability Steering Committee, said “We are excited to announce Hang Lung’s 25 x 25 – our 25 targets to be achieved by the end of 2025 that provide a path toward our 2030 Sustainability Goals and Targets announced last year. Hang Lung’s 25 x 25 sharpens our focus, and sets out detailed milestones on our mission of sustainable growth.”

 

In support of our long-term sustainability ambition, annual strategic ESG KPIs across the Companies tied to the performance reviews of departments and employees were introduced in 2021. Key achievements this year include: (1) Developed GHG emissions reduction scenarios for 2025 and 2030 and a GHG mitigation plan for 2022; (2) Conducted first employee engagement survey; (3) Secured 30% of debts and available facilities from sustainable finance; (4) Developed detailed methodology for tracking our sustainability spending; and (5) Identified 16 sustainability improvement ideas for adoption in new projects.

 

See below a full list of the 25 x 25 Sustainability Targets:

Priority

2030 Goal

2030 Target

25 x 25

Climate Resilience

Reduce carbon footprint in line with climate science

Nearly net zero carbon building

N/A

Demonstrate best efforts to achieve a 70% reduction in scopes 1 and 2 greenhouse gas emissions intensity (per m2), compared to 2018 baseline

1.     40% cumulative reduction in GHG intensity (kg CO2e/m2) relative to 2018

2.     18% cumulative reduction in electricity intensity (kWh/m2) relative to 2018

3.     25% of our mainland China portfolio electricity demand met by renewable energy

4.     Wherever feasible exceed local regulations for the provision of parking spaces installed with EV charging facilities across our portfolio

N/A

5.     Demonstrate best efforts to achieve at least 10% reduction in embodied carbon intensity (kg CO2e/m2) for new development project that begin in 2022 or later, compared to typical practice in an equivalent building

6.     15% reduction in GHG intensity (kg CO2e/m2) from tenants’ electricity consumption for our properties in mainland China, relative to 2018

N/A

Climate adaptation

7.     Complete technical analysis for climate adaptation measures for all properties

Resource Management

Promote circular economy by reducing resource consumption and maximizing recycling

 

Incorporate circular building principles in new properties

8.     60% of construction waste diverted from landfill for new projects starting in 2022 with maximized recycling

9.     Demonstrate best efforts to maximize the use of recycled, reused and bio-based materials on all new projects

Implement water management program in all properties

10.  10% reduction in water intensity (m3/m2/year) relative to 2018

Divert 90% of operational waste from landfill

11.  70% of operational waste diverted from landfill

Wellbeing

Ensure employees, customers and communities enjoy an unrivalled environment that promotes their health and wellbeing

 

Assess wellbeing for all employees and key customers

12.  Achieve an employee engagement rating greater than or equal to the 75th percentile

13.  Maintain Female-to-Male pay ratio of 1:1

14.  Conduct an audit of all our properties and corporate practices on how to enhance wellbeing and opportunities for persons with disabilities

Meet or exceed wellbeing standards for new properties

15.  Obtain local or international health and wellness certification for all our existing Mainland properties

16.  Obtain WELL Gold certificate or equivalent for at least one new property in Hong Kong and mainland China

17.  Deliver priority ESG training targeted to all departments and seniority levels

18.  Maintain a Lost Time Injury Rate of 1.5 or below for employees

19.  Maintain zero work-related fatalities for employees and contractors

Work with youth on sustainability solutions in all cities where we have asset

20.  Work with youth on wellbeing community initiatives at all properties by 2025

Sustainable Transactions

Collaborate with all suppliers and customers to advance our sustainability priorities

 

Implement supplier evaluation and ranking system

 

21.  Embrace technology to build a robust digital platform for assessing suppliers’ ESG performance

22.  100% of marketing events evaluated for their sustainability impacts

Engage all tenants on emissions reduction, resource management, and wellbeing enhancement

23.  100% of leases incorporate sustainability provisions

 

N/A

Sustainable finance

24.  50% of total debts and available facilities from sustainable finance

 

N/A

N/A

25.  100% of potential asset acquisitions include ESG due diligence

 

About Hang Lung Properties

Hang Lung Properties Limited (stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is recognized for leading the way in enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

For more information, please visit www.hanglung.com.

#HangLungProperties

Integration of Art and Technology, Bear Art Launches STEM+ART Course

The gift of caring for children lies in Bear Art. The money that needs to be spent still can’t be saved!

KUALA LUMPUR, MALAYSIA – Media OutReach – 22 December 2021 – Bear Art, a well-known early education institution, recently launched the church products of AI teaching baby painting. Children here can learn not only art knowledge, but also natural encyclopedia, aesthetic judgment and history and culture.

 

Bear Art advocates discovering the world through art, integrating art and technology, and providing STEM+ART online courses for children. With interesting animation interaction and immersive story guidance, a vivid learning experience is created, which is deeply loved by parents and children all over the world. Today, its students have spread all over 113 countries and regions, and it is the wisdom choice of 2 million families around the world.

 

Bear Art is definitely your Child’s Very First Art Course – Artistic Enlightenment. Bear Art has developed a systematic course curriculum suitable for kids world-wide.

 

Bear Art’s educational advantages:

Flexible class time, children can book classes anytime and anywhere.

Flexible class time, parents can book classes when they get up, or they can attend classes when they suddenly want to attend classes temporarily, so they don’t have to worry about being deducted after booking classes. At the same time, Bear Art is also a baby-sitter for parents. It can not only liberate parents’ hands, but also help parents raise their children.

 

The class is not limited by the location, which saves the time of going out to pick up and drop off.

During the epidemic, due to market and policy restrictions, children were not free to study in offline classes. However, in Bear ArtAI class, children can study easily at home, and the time spent out can be saved to do more things.

 

The course video is valid for life and supports free unlimited playback.

Bear Art’s course video allows lifelong playback, which is equivalent to buying a permanent courseware.

 

Each class lasts 35-40 minutes.

 

Free gift package for painting materials needed in class.

Bear Art solves all problems of children’s drawing materials in class in one stop and relieves parents’ worries.

1)12 color gouache pigments

2)18-color oil pastel

3)12-color ultralight clay

4)12-color marker for children

5) Marking pen

6) Drawing paper for various works

7) Sponge seal

8) Color palette

9) Materials required for other courses

 

Free teaching materials

Get free picture books for children and so on.

Bear Art creates an interesting classroom, that is, an art class that tells stories. Bear Art introduces original stories as a course, and uses stories to open children’s imagination. Through more than 30 interesting interactive forms, children can be more focused in class. Besides, the painting forms are rich and interesting, including watercolor painting, crayon painting, tailoring and collage, etc., which can be integrated in the classroom, thus easily improving children’s interest in class. Bear Art also cultivates children’s personalized learning style by using heterogeneous logic in the same class, and encourages children to try a variety of creative forms, painting techniques and difficulties.

 

In terms of curriculum setting, Bear Art has created a systematic course of “three stages plus five levels” by a powerful research team composed of top 500 scholars in the world. Through five Level, the course completes the three-stage jump from scribbling to perception to bursting. Step-by-step curriculum matching will not expose children to inappropriate knowledge at the wrong time.

 

The corresponding curriculum details are set step by step. From dynamic display to artist’s thinking frame to free expression, children need to go through: Animation Intro,Knowledge & Trivia,Step by Step Demo,Artist Techniques,Free Expression and so on.

 

After the first lesson, the system will automatically unlock the second lesson, and so on. After completing the first course, the App will unlock the next course.

Christmas season preferential policies as of December 31st, 2021:

Enjoy a 30% discount and a 10% discount on double purchase. Click on the link below to purchase the exclusive offer of Bear Art.

Link: https://www.bearartforkids.com/collections/all

 

Major Cinemas to Reopen in Laos

Major cinemas to reopen in Laos


Cinemas are to reopen by 24 December across the country, according to an announcement by operator Major Cineplex Group Laos.

Amid Struggle to Fill Job Vacancies, Companies Remain Sluggish in Sending Employees for Upskilling

  • 78% of business leaders who report having vacant job roles are facing challenges in filling these vacancies at their companies.
  • However, only half (51%) of business leaders say they have sent their workers for training in the past six months.
  • Unionised companies (57%) are more likely to have sent their workers for training in the past six months, as compared to non-unionised companies (37%).

SINGAPORE – Media OutReach – 22 December 2021 – Workforce learning has become increasingly crucial to help maintain economic productivity by improving workforce competencies. However, only half (51%) of business leaders say they have sent their workers for training in the past six months. In addition, many (78%) business leaders who report having vacant job roles are facing challenges in filling these vacancies at their companies.  

 

These were some of the key findings from a recent labour research on the Continuing Education and Training (CET): Now and What Could Be Next, by the National Trades Union Congress (NTUC) Strategy, in partnership with NTUC LearningHub (NTUC LHUB). The research surveyed a total of 564 business leaders across industries in Singapore, such as Manufacturing, Information and Communications, Financial and Insurance Services, Wholesale and Retail Trade, and Professional Services.

 

Business leaders (63%) reveal that skills mismatch is the most prevalent form of mismatches, as compared to wages mismatch (17%), experience mismatch (18%), and expectations mismatch (2%). The top three industries most concerned about skills mismatch are public administration, real estate services, and wholesale and retail trade.

 

The top challenge for business leaders to send their workers for training is financial costs (38%), followed by difficulties in identifying relevant courses (37%), and matching employees to training (33%). To encourage them to send their workers for training, business leaders say that provision of higher training subsidies (73%) and business consultancy services (55%) would serve as incentives.

 

In view of the demand for higher training subsidies, three in four (75%) of business leaders say that they have participated in training-related initiatives by the Government, or Labour Movement. However, the overall utilisation of initiatives remains low at an average of 14%. It is therefore plausible that with the wide variety of training-related initiatives targeted at helping employers, most are unsure of which initiative would best address their concerns.

 

NTUC will continue to offer support through its Training & Placement (T&P) ecosystem to help companies better access and leverage these initiatives. Unions (17.9%) remain one of the top three avenues where business leaders have heard of training-related initiatives, with the others being Human Resource Departments in the company (27.5%) and Government websites (25.9%).

 

In addition, it was uncovered that unionised companies are more likely to invest in training for their workers. Out of the business leaders who sent their employees for training in the past six months, 57% were unionised companies while 37% were non-unionised companies. 
 

Commenting on the findings, NTUC Deputy Secretary-General Chee Hong Tat says, “Expanding the role of the Labour Movement in the national training ecosystem is crucial to shape continuing education and training (CET) for workers. The Labour Movement will continue to work closely with government agencies, employers, Institutes of Higher Learning (IHLs) and CET providers to identity current and future in-demand skills and address the quality and impact of training programmes in relation to workers’ skills gaps. We encourage employers to work with NTUC, be it through Company Training Committees or the newly-launched Learning eXperience Platform (LXP), and to tap on the resources available at NTUC’s Training and Placement ecosystem to strengthen their enterprise and workforce capabilities.”

 

NTUC LHUB’s Chief Executive Officer, Jeremy Ong, says, “One of the ways to overcome the challenge of filling job vacancies is to upskill and uplift current employees, as building on existing talents is more cost-effective than hiring new talents. At NTUC LearningHub, we support business leaders by driving human-centric company transformation through outcomes-focused training. Existing employees know the business the best, in terms of company goals, values, policies and even culture, so the transition will be less disruptive. More importantly, employees will feel empowered to step up and contribute more to the organisation through expanding their know-hows in technical and technology skills. Therefore, career and skills development through training is a key employee value proposition as it demonstrates companies’ vested interest in the long-haul, to learn and grow together.”

About National Trades Union Congress

The National Trades Union Congress (NTUC) is a national confederation of trade unions as well as a network of professional associations and partners across all sectors in Singapore. NTUC’s objectives are to help Singapore stay competitive and working people remain employable for life; to enhance the social status and well-being of our members and working people; and to build a strong, responsible and caring labour movement. NTUC’s vision is to be an inclusive labour movement for all collars, ages and nationalities. NTUC is at the heart of the Labour Movement, which comprises 60 affiliated unions, six affiliated associations, 12 social enterprises, six related organisations as well as a growing ecosystem of U Associates and enterprise partners. For more details on NTUC, please visit our website at www.ntuc.org.sg.

About NTUC LearningHub

NTUC LearningHub is the leading Continuing Education and Training provider in Singapore which aims to transform the lifelong employability of working people. Since our corporatisation in 2004, we have been working with employers and individual learners to provide learning solutions in areas such as Cloud, Infocomm Technology, Healthcare, Employability & Literacy, Business Excellence, Workplace Safety & Health, Security, Human Resources and Foreign Worker Training.

To date, NTUC LearningHub has helped over 25,000 organisations and achieved over 2.6 million training places across more than 500 courses with a pool of over 900 certified trainers. As a Total Learning Solutions provider to organisations, we also forge partnerships and offer a wide range of relevant end-to-end training solutions and work constantly to improve our training quality and delivery. In 2020, we have accelerated our foray into online learning with our Virtual Live Classes and, through working with best-in-class partners such as IBM, DuPont Sustainable Solutions and GO1, asynchronous online courses.

For more information, visit www.ntuclearninghub.com

#NTUCLearningHub

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

Minh Tien group to present circular economy model on Viet Nam National Day

HANOI, VIETNAM – Media OutReach – 22 December 2021 – On December 30, 2021, Minh Tien Group plans to present its Circular Economy Model at Viet Nam National Day at the World Expo in Dubai.


Display booth of Minh Tien Group at the Vietnam Pavilion

On December 30, 2021, Viet Nam National Day takes place at the World Expo 2020 Dubai with an agenda to provide international audiences a better understanding of Viet Nam – a modern and globalized country with rich cultures and a strong national identity. 

At the Expo, the Vietnam Pavilion is located in the Opportunity District with the main theme: “Distilling the Past, Shaping the future.”

This year, on the Vietnam National Day, Minh Tien Group proudly presents the Circular Economy Model, which revolves around the coffee tree including green coffee beans; Coffilia; Ha Chuc Cascara Tea; Namigo bio-packaging; and Organic fertilizer. Essentially, the by-product of a production stage will become the input material for future production.

Nguyen Thi Hong Minh, Chairwoman of Minh Tien Group, said: “Coming to the Expo this year, we aim to announce and assert our business principle with the Circular Economy Model in our company’s ecosystem, which fully explores the quintessential value of our product lifecycle and minimizing our carbon footprint.

“To realize this vision of sustainable agriculture, Minh Tien Group is committed to being a successful contributor to the Vietnam Pavilion.”

The feature of Minh Tien Group’s Circular Economy model at the Expo has received widespread attention from international audiences, delivering a new perspective on the modernized and innovative agriculture industry of Viet Nam.

Minh Tien Group is a leading coffee corporation with over 30 years of history. Determination to appreciate the value of Vietnamese coffee beans, continuous investment in research and development, and expertise from different farmlands across the globe, have all helped make the company a well-trusted coffee supplier to international partners.

With the vision “Shaping the green economy,” Minh Tien Group is committed to efforts towards innovative and sustainable development to confidently enhance the value of Vietnamese coffee on international markets.

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

Rhenus Hong Kong Partners with Geek+ to Develop its First AMR Warehouse in Asia

HONG KONG SAR – Media OutReach – 22 December 2021 – Global logistics service provider Rhenus in Hong Kong collaborates with Geek+ to co-develop smart logistics solutions through automation of warehousing operations with autonomous mobile robots (AMRs).

Geek+, a global AMR leader, and Rhenus Hong Kong are proud to announce the successful deployment of the first AMR-operated Rhenus warehouse in Asia.

 

The impact of COVID-19 continues to be felt on global supply chain operations, with the disruption of the labour market having exacerbated labour shortages. The innovation-focused, solutions-oriented logistics provider Rhenus Hong Kong will adopt Geek+’s advanced robotics and AI technologies in a proof-of-concept warehousing project in the country. This is the latest Rhenus initiative in the region and is part of its ongoing strategy to deepen its focus on IT-driven digitalisation by tapping into smart logistics to build a sustainable and robust supply chain.

 

Since 2019, Rhenus has been making strategic tech-driven investments in Greater China, especially across its warehousing business division, including automated solutions to improve the efficiency of its warehouses and operational processes. With the Geek+ solution, Rhenus Hong Kong can handle large volumes of orders, flexibly meet rapidly changing SKUs, and improve order-fulfilment performance. The Hong Kong site will be the first smart Rhenus warehouse in the Asia-Pacific.

 

Cliff Xu, CEO of Rhenus Air & Ocean Greater China, said: “Our goal is to provide the best and most innovative logistics service to achieve faster and more flexible movement of goods, to cater to the rapid growth in e-commerce. By working closely with Geek+, we not only realise warehouse digitalisation, but also improve operational efficiency and accuracy, translating to greater cost-savings for customers in the long run.”


The Rhenus Hong Kong warehouse will use Geek+ Goods-to-person solutions. Robots will be used as part of the system to automatically bring goods to the operators, achieving 99.99 percent accuracy. The solution also helps maximise warehouse storage as aisle space is minimised. 

 

One of the features of the AI-driven system are Geek+’s proprietary algorithms. They optimise order combinations and adjust the inventory layouts in real time, maximising efficiency. In the Rhenus Hong Kong warehouse, over 2,000 SKUs of cosmetic products are constantly arranged according to popularity and expiry date.

 

Lit Fung, VP, Managing Director APAC, UK and Americas at Geek+, said: “We believe that the smart warehouse upgrade is the only answer to the rapid growth of e-commerce business and growing customer expectations. We will continue to support Rhenus with tailored solutions that best fit their multi-customer business.”

 

About Rhenus Hong Kong

Established in 2002, Rhenus Hong Kong provides air, ocean and land (truck and rail) freight solutions, as well as warehousing and consolidation services. Its warehouse, strategically located at the ocean port and near the airport, is designed for storage and distribution services that cater to both Hong Kong and Mainland China. In January 2021, Rhenus Greater China launched the Rhenus Integrated Solutions and (Re-) Engineering (RISE), a state-of-the-art warehousing solution that improves operational transparency and visibility of warehousing processes through data-driven decisions.

About Geek+ (www.geekplus.com)

Geek+ is a global technology company leading the intelligent logistics revolution. We apply advanced robotics and AI technologies to realize flexible, reliable, and highly efficient solutions for warehouses and supply chain management. Geek+ counts 500 global customers and has sold more than 20,000 robots worldwide. Founded in 2015, Geek+ has over 1500 employees and is headquartered in Beijing, with offices in Germany, the UK, the US, Japan, Hong Kong SAR, and Singapore.

About Rhenus

The Rhenus Group is one of the leading logistics specialists with global business operations and annual turnover amounting to EUR 5.4 billion. 33,500 employees work at 820 business sites and develop innovative solutions along the complete supply chain. Whether providing transport, warehousing, customs clearance or value-added services, the family business pools its operations in various business units where the needs of customers are the major focus at all times.

#Rhenus

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