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Japanese juice bar HONEY’S BAR opens the first outlet in Singapore

SINGAPORE – Media OutReach – 22 April 2021 – A new healthy and refreshing beverage option in town to quench your thirst and restore your energy. HONEY’S BAR Singapore, will commence its operation on 15th April 2021 with its very first store located at Jurong Point, Level B1-85, just along the SHOKUTSU TEN Japanese Food Street.

HONEY’S BAR is a Japanese juice bar from Japan with approximately 30 outlets across JR East stations like Tokyo station and other major station in the Tokyo area. It offers premium fruit juice using fresh fruits and honey as key ingredients, mixing with vegetables, fresh milk and yoghurt to form a healthy beverage that offers the authentic taste of the original fruit.

Maintaining at a good selection of 8 juice options at all times, all of HONEY’S BAR juices are made with honey exclusively imported from Japan as its base ingredient with no added sugars. Honey is easily digested by the human body, making it an excellent energy absorption ingredient, thereby the best supplement to be used in a drink for energy replenishment. It also contains vitamins and minerals that are beneficial for everyone.

In line with the seasonality of Japanese food production cycle, HONEY’S BAR also offers seasonal juices that are specially curated with seasonal Japanese fruits. From the classic ‘Mixed Juice’, ‘Carrot & Apricot’, ‘Melon’ menu to the premium seasonal menu like ‘Japanese Strawberry Mix Yoghurt’ and ‘Japanese Seasonal Citrus, Mango and Apple’, it aims to offer Singaporeans the taste of ‘Japan’ with Japanese fruit ingredients that are imported directly from Japan.

Coming in 3 different sizes for all 8 menus – Small, Regular and Large. Every cup of fresh fruit juice offered by HONEY’S BAR are served with a controlled sweetness from honey to ensure an enjoyable ‘sipping’ experience.

Operated as a franchise chain business in Singapore, HONEY’S BAR is managed by JRE Ya Kun Food Service Pte. Ltd, a local joint venture company formed by JR East’s Singapore subsidiary, JR East Business Development SEA Pte. Ltd. and Ya Kun International Pte Ltd (Ya Kun).

Through HONEY’S BAR, both JR East and Ya Kun aim to capture the attention of health-conscious consumers with a passion for healthy and refreshing beverages that taste refreshing and delightful!

HONEY’S BAR @ Jurong Point

Address: 63 Jurong West Central 3, #B1-85, Jurong Point Shopping Centre, Singapore 648331

Opening Date: 15th April 2021

Business Hours: 11am to 9.30pm (Daily)

Follow us on Facebook & Instagram: @HoneysBarSG

About JR EAST Group

The operator for trains including Shinkansen (high speed bullet train) in the East region of Japan, East Japan Railway Company (JR East) is the largest passenger railway company in Japan, serving about 17 million passengers daily. Apart from the main railway business, JR East Group also operates a variety of lifestyle businesses such as shopping malls, retail shops, restaurants, hotels, as well as office building management.

Outside Japan, JR East has a presence for its lifestyle business unit with the establishment of JAPAN RAIL CAFE in Singapore (2016) and Taipei, Taiwan (2019).

To learn more, visit the official website: http://www.jreast.co.jp/e/

About Ya Kun International

Ya Kun Kaya Toast was founded by Mr. Loi Ah Koon, an immigrant from Hainan Island who was 15 when he first set foot on Singapore soil. The business has its humble beginnings at the Telok Ayer Basin along Shenton Way in 1944 and the heritage brand with more than 75 years of history now has gained regional and possibly worldwide recognition for its nostalgic local food products, cosy ambience and customer-centric service. The special blend of coffee powder, simple fare of soft-boiled eggs, toast slathered with special homemade kaya and layered with melted butter have had locals and foreigners alike flocking to its outlets.

Through the years, Ya Kun has grown exponentially in Singapore as well as in the Asia region in such markets as China, Japan, Thailand, South Korea, Indonesia, Malaysia, Macau SAR, Vietnam, The Philippines, Cambodia and Myanmar through our well-structured franchise network which has currently established about 130 outlets.

Ya Kun continues to spread the love for its signature kaya and aromatic coffee back at its home ground and preserve a cultural heritage and brand that captures the true meaning of ‘The Toast that binds…. Kinship, Friendship, Partnership’.

To learn more, visit the official website: http://www.yakun.com

Galaxy International Convention Center Builds Award-Winning Foundation with Multiple Accolades Ahead of Opening

The Highly Anticipated Event Venue Becomes First in Macau to Receive Silver Certification for Environmental Design from Earthcheck

 

MACAU SAR – Media OutReach – 22 April 2021 – Poised to be one of the most advanced MICE destinations in Asia when it opens in the second half of this year, Galaxy International Convention Center (GICC) has already garnered multiple awards for MICE and Environmental Design. GICC and Andaz Macau, a vibrant new luxury lifestyle hotel located within the event facility, both received awards from leading MICE publications in China. GICC has also become the first in Macau to receive the coveted Silver Certification for Environmental Design from EARTHCHECK, the world’s leading scientific benchmarking, certification and advisory group for travel and tourism.

Galaxy International Convention Center

“We are excited to see GICC building an award-winning foundation by achieving multiple accolades in advance of its opening this year,” Kevin Kelley, Chief Operating Officer, Macau at Galaxy Entertainment Group said. “Receiving recognition from China’s MICE industry reaffirms the demands of meeting planners searching for new and innovative destinations to host their events. We are also pleased to be the first in Macau to earn Silver Certification for Environmental Design from EarthCheck. This is a significant milestone, as EarthCheck recognizes the innovative thinking and meticulous technical designs behind GICC to ensure sustainability well into the future.”

Celebrating MICE

Renowned as “The Oscars of China’s MICE industry”, the Golden Five Stars awards recognized GICC with the 2020 Golden Five Stars – Most Anticipated Convention Center award and presented Andaz Macau with the 2020 Golden Five Stars – Most Anticipated Hotel honor. The Golden Five Stars awards are organized by China International Conference and Exhibition (CICE) magazine, China’s first MICE publication and member of UFI, the Global Association of the Exhibition Industry.

Another leading MICE publication, MICE China, also awarded GICC with the Most Anticipated Convention Center accolade. MICE China recently hosted its annual “MICE China 2020 Awards” to honor new and up-and-coming MICE destinations that are well-positioned to meet the demands of today’s MICE events.

Applauding Sustainability

GICC has become the first in Macau to receive the prestigious Silver Certification for Environmental Design from EarthCheck. Silver Certification endorses GICC as a venue that demonstrates compliance with EarthCheck Building Planning and Design Standards to maximize design and operational efficiency. Travelers who visit an EarthCheck-certified venue can take comfort in knowing that they are visiting a destination that values the environment and sustainability, while ensuring an exceptional standard of health and hygiene.

GICC will open with a number of innovative design features this year. The following are key highlights:

  • GICC has been specifically designed to house its own robust and highly efficient “Energy Center” which includes a central chiller plant that can be integrated with future chiller plants; a centralized chilled water supply and a 110kV power substation for not only GICC, but for all of Galaxy Macau™, the world-class luxury integrated resort.
  • The Heating, Ventilation and Air Conditioning (HVAC) system at GICC is among the world’s most advanced, featuring effective energy-saving measures to optimize ventilation.
  • Eco-friendly Green Walls will be planted along the façade of the Galaxy Arena entrance and at the Andaz Macau entrance to keep temperatures cooler in summer and reduce the amount of heat escaping in winter.


Inside GICC

Seamlessly situated within Galaxy Macau™, the world-class luxury integrated resort, GICC will offer 40,000m2 of versatile meeting space, a 650-seat auditorium and the 16,000-seat Galaxy Arena – all in one location. For large-scale exhibitions, GICC offers 10,000m2 of pillar-less convention and exhibition areas that can cater for 7,000 delegates. Galaxy Arena will play host to major sports events, world-class concerts, thrilling fight nights and corporate launches. The auditorium features advanced acoustic treatment to ensure the best quality of sound, and organizers will be able to drive a car right onto the stage for product launches. As one of the most technologically advanced MICE destinations in Asia, GICC is set to become best in class in global digital and simulcast communication. Meeting organizers who take advantage of the digital hybrid format on offer at GICC will be able to create truly innovative events in future.

Beyond world-class venues and advanced technology, event organizers will also have the opportunity to partner with GICC’s in-house team of event planners known as “EVENT STUDIO” to co-create customized events. This team provides a one-stop shop of experienced planners who are familiar with all of the venues at Galaxy Macau™, the world-class luxury integrated resort. EVENT STUDIO goes beyond conventional event planning by assisting with venue selection, conceptualizing themes, décor, entertainment and marketing coordination to create events that are bespoke and tailor-made for the needs of delegates.

Please visit GICC website for more details: https://www.galaxyicc.com/en/

Fossil Launches Pro-Planet Cactus Leather Tote Bags and Limited-Edition Solar Watch in Hong Kong in Celebration of Earth Month

HONG KONG SAR – Media OutReach – 22 April 2021 – As part of a continued commitment to sustainability, and in celebration of Earth Month, Fossil is proud to launch our latest pro-planet assortment. This collection includes brand new cactus leather tote bags made in partnership with Desserto®, and our second iteration of the limited-edition Solar Watch. The launches follow commitments that Fossil announced in 2019 as part of our ongoing Make Time For Good initiative, dedicated to making change in communities throughout the world through pro-planet materials, products and packaging, as well as reducing our footprint in water consumption and greenhouse gas emissions. The cactus leather totes and Solar Watch are an example of new materials and sustainable partners that Fossil has cultivated in an increased push towards leaving a lighter footprint for a more sustainable future.

Fossil Pro-Planet Cactus Leather Tote Bags

Fossil is proud to be one of the first retailers to introduce vegan cactus leather, an innovative material new to the industry, through the collection of Kier Cactus Leather Totes. Each bag is designed with material made from organically grown cactus leaves developed by Desserto®, a Mexico-based company with a focus on sustainable materials. The leaves come from cactus plants that require only rain water and Earth minerals for growth. Once harvested, the leaves are dried in the sun for three to six days, which removes the need for any additional energy source for the drying process. Not only is this an energy-efficient processing technique, but no herbicides, pesticides or irrigation systems are used in the production of the cactus. As a result of this innovative process, each Kier tote saves 7.5 liters of water — the equivalent of fifteen 500 milliliter water bottles. Additionally, each cactus’ trunk is left intact to enable repeat harvesting, as the leaves regenerate every six to eight months. The collection will include four stunning colorways — moss, wine, black and brown — and will be available for HK$3,500 beginning April 22.

“After witnessing first-hand the impact that tanneries have on the environment, we sought to create a vegan alternative that leaves a lighter footprint while meeting our rigorous quality standards,” says Desserto cofounder Marte Cázarez. “Almost immediately, we decided to leave our jobs and dedicate the next two years to designing and creating a solution.”

“Since first introducing Desserto cactus leather to the world in 2019, we have continued to develop and educate others on our materials and sustainable processes. Today, we are proud to partner with brands, like Fossil, who share a vision of reducing their environmental impact through the use of eco-friendly materials,” adds Desserto cofounder Adrián López Velarde.

Fossil Limited Edition Solar Watch

Fossil is also proud to announce the second iteration of its limited-edition Solar Watch — the World-Timer — launching on Earth Day. The watch houses a solar-powered movement with rechargeable battery, which can reach a full charge after eight hours in the sun and will retain charge for up to three months. Also, the 42mm watch case is made with castor oil while the rPet strap is made from post-consumer plastic bottles. In addition to its pro-planet designs, the World-Timer is packed with features, including a compass, stopwatch, alarm, timer, and world time function. In the world time function, the user can select from forty nine cities around the world to easily check the local time in that area, connecting users across the globe. The limited-edition watch will be available for HK$1,550 beginning April 22.

“Over the course of the last two years, our teams have worked diligently to identify areas of our business that make the largest environmental impact and to chart the course towards meaningful charge. The result is an index of commitments that we’ve established to leave a smaller footprint and better world for future generations. Some of these changes include: introducing more pro-planet materials like recycled stainless steel and litehide leather into our assortment, removing foam material from packaging, and moving to ensure all paper goods are made from a minimum of 80% recycled material,” says Steve Evans, EVP Chief Brand Officer. “Fossil believes that when we combine our time and passion, we can make lasting change for people and the planet.”

In addition to the Kier Cactus Leather Totes and World Timer launches, Fossil is excited to grow our assortment of pro-planet styles in our seasonal collections as well. This summer from May, mainline solar watches in the bestselling Minimalist and Jacqueline styles will become available in a variety of colorways. As with the limited-edition Solar Watch, the sun-powered battery plus pro-planet case and straps reduce water and battery waste. Additionally, Fossil’s assortment of pro-planet bags continues to grow as classic styles are re-released in eco-leather this summer. Since being introduced to Fossil’s product assortment last fall, more than 90% of our leather material for bags and small leather goods is now sourced from Leather Working Group certified tanneries. To date, about 1.8 million gallons of water have been saved through the use of 1.5 million square feet of eco-leather, sourced in partnership with our pro-planet leather providers.

Fossil Group’s ongoing commitments towards pro-planet progress include:

  • Design and produce 100% of our product to meet our pro-planet criteria by 2025.
  • Make 100% of our primary packaging recyclable and/or reusable by 2025.
  • Lead in circular business model approaches — where our materials can be used, reused and reduced — by 2025.
  • Reduce water consumption for leather tanning by 45% by 2025.
  • Reduce greenhouse gas emissions by 30% by 2030.
  • Eliminate virgin plastics in our supply chain by 2030.

Visit MakeTimeForGood.com and Fossil.com to learn more about our pro-planet initiatives, and follow @Fossil to stay up to date on current and future launches.

Available at:

Fossil Retail Store

Shop 2108A, Gateway Arcade, Harbour City, Tsim Sha Tsui

(Enquiry no.: +852 2679 6811)

Shop 736, Market Street, Shoppes at Venetian, Macau

(Enquiry no.: +853 2882 8007)

Fossil Online Store

https://bit.ly/3dVVmiF

Fossil

Fossil was inspired by American creativity and ingenuity. Bringing new life into the watch industry by making quality, fashionable watches that were both fun and accessible. Creativity was at the heart of everything we did. Today, we continue to focus on what makes us, us: Our optimistic attitude, our dedication to authenticity and, of course, our creative spirit. The things we make, from traditional watches to smartwatches, bags to wallets, jewelry to gifts, complement every style, and fit every lifestyle—for all the moments that make you, you.

Follow Fossil

Facebook: @fossil.APAC

Instagram: @fossil

#MakeTimeForGood

#FossilStyle

Desserto®

Being conscious of the environmental impact that current industries using animal and faux leathers are causing, and the lack of sustainable material alternatives available to satisfy an ever-growing industrial demand, we created Desserto® — a sustainable cactus-based biomaterial often distinguished by its great softness at touch and performance for a wide variety of applications while complying with the most rigorous quality and environmental standards of the industry. Desserto®, having its headquarters in Guadalajara, México, is celebrating its second anniversary in April 2021. Since the official launch, it has received important international awards like the Green Product Award, MCFW Sustainable Fashion Award, PETA Compassionate Business Award, Good Design Award, Innovation Award by Architectural Digest and Samsung, and also received a special mention as second runner up at the LVMH Innovation Award and favorite in materials category. Desserto® is committed to creating new sustainable solutions and promoting ethical practices through the industry value chains to help build a better world through the fashion industry.

Arlo Essential Indoor Camera with Automated Privacy Shield for Added Peace of Mind Now Availavle in Singapore

Award-winning solution gives users the power to decide when their camera is monitoring a room and recording

 

SINGAPORE – Media OutReach – 22 April 2021 Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today announced its all-new Essential Indoor Camera, now available for those who want superior video surveillance and security. Featuring an easy-to-control, automated privacy shield, the camera allows users to automatically activate the privacy shield that covers the camera lens, extending Arlo’s commitment to user privacy by delivering unparalleled peace of mind. The versatile Essential Indoor Camera enables users to monitor babies, pets, elderly family members, restaurants, stock rooms and more, with 1080p HD video, a 130-degree diagonal field-of-view, motion and audio detection and full-duplex audio for two-way conversations. With a RRP of S$199, the Essential Indoor Camera is now rolling out in major retailers including Harvey Norman, Challenger, Best Denki and the official Arlo store on Lazada Singapore, Shopee Singapore, Amazon and Arlostore.sg.

The Arlo Essential Indoor Camera’s unique automated privacy shield is a reassuring feature designed to ease privacy concerns around having a security camera indoors. When the privacy shield is in the disarm mode, recording, motion and audio detection is disabled and won’t be enabled until the shield is opened by the user via the Arlo app. Users can also signal the privacy shield to open automatically and begin recording by starting a live stream or changing the camera to arm mode. This gives users the power to decide when their camera is monitoring a room and recording video/audio, and when it is not.

“Arlo holds user privacy in the highest regard and the all-new Essential Indoor Camera further supports that commitment,” said Brad Little, Vice President & Managing Director APAC. “Unlike competitive indoor monitoring solutions, we designed the Essential Indoor Camera with a clearly visible privacy shield, easily differentiating it from the camera face so users can distinguish at a glance when the privacy mode is activated. This thoughtful design element provides added peace of mind, so users can quickly identify whether or not the camera is capable of recording.”

From a video-quality standpoint, Arlo engineered the new Essential Indoor Camera with image-based motion and sound detection sensors to seamlessly trigger recording when the camera is armed. High definition, 1080p video quality with enhanced night vision allows users to capture important details day or night. The camera features a built-in microphone and speaker, complete with advanced, full-duplex audio for clearer, more natural remote conversations. A built-in siren provides an added safety measure, which can be triggered automatically or manually from the Arlo app, upon motion or audio detection – allowing users to swiftly and effectively deter an intruder.

The Arlo Essential Indoor Camera – recognised as a 2021 CES Innovation Award Honoree and recipient of a 2021 TWICE Picks Award – offers a sleek, premium, unibody design for seamless incorporation anywhere inside a home or business. Available in white, the indoor camera features a versatile, integrated swivel mount that enables users to angle and mount the device on walls or place on any surface to capture the desired vantage point.

Arlo’s AI and CV service, Arlo Smart, compliments the hardware to deliver total protection. Users receive a complimentary three-month Arlo Smart trial included with their Essential Indoor Camera purchase. Arlo Smart provides extended 30-day rolling cloud storage of 1080p HD video recordings for added peace of mind. Smarter, customisable notifications enable users to detect people and animals inside the home1. Controlled entirely through the Arlo app, users can easily view live streams and recordings, adjust their camera settings or access cloud recordings.

Features of the Arlo Essential Indoor Camera include:

  • Automated Privacy Shield: Ensure your moments are private when needed by closing the automated privacy shield
  • Full High Definition Camera: Capture clear details in full high definition with the ability to record video in 1080p
  • Motion Detection and Alerts: Alerts sent directly to your phone when motion is detected
  • 2-Way Audio: Hear and speak to visitors clearly with superior audio quality
  • Night Vision: See at night, even without a light thanks to black and white night vision that turns on automatically once it’s dark
  • Built-in Siren: Siren can be triggered automatically or manually from the app
  • 130° Viewing Angle: Keep an eye on more of what matters with a wider field-of-view
  • Platform Compatibility: Works with Amazon Alexa, Google Assistant, SmartThings and IFTTT for easy interaction, automation and control

For more information on the full range of Arlo smart home security products and services, visit www.arlo.com/asia.

1 Personalised alerts made available through the complimentary three-month Arlo Smart trial subscription

About Arlo Technologies, Inc.

Arlo is the award-winning, industry leader that is transforming the way people experience the connected lifestyle. Arlo’s deep expertise in product design, wireless connectivity, cloud infrastructure and cutting-edge AI capabilities focuses on delivering a seamless, smart home experience for Arlo users that is easy to setup and interact with every day. The company’s cloud-based platform provides users with visibility, insight and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a mobile connection. To date, Arlo has launched several categories of award-winning smart connected devices, including wire-free smart Wi-Fi and 4G-enabled security cameras, audio and video doorbells, and floodlight.

With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to supporting industry standards for data protection designed to keep users’ personal information private and in their control. Arlo doesn’t monetise personal data, provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words “anticipate,” “expect,” “believe,” “will,” “may,” “should,” “estimate,” “project,” “outlook,” “forecast” or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forward-looking statements represent Arlo Technologies, Inc.’s expectations or beliefs concerning future events based on information available at the time such statements were made and include statements regarding Arlo Essential Indoor Camera, Arlo Smart and future Arlo products. These statements are based on management’s current expectations and are subject to certain risks and uncertainties, including the following: future demand for the Company’s products may be lower than anticipated; consumers may choose not to adopt the Company’s new product offerings or adopt competing products; and product performance may be adversely affected by real world operating conditions. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Further information on potential risk factors that could affect Arlo and its business are detailed in the Company’s periodic filings with the Securities and Exchange Commission, including, but not limited to, those risk factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Given these circumstances, you should not place undue reliance on these forward-looking statements. Arlo undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Vientiane Closes Schools Following Covid-19 Outbreak

Vientiane Closes Schools for Lockdown

The Ministry of Education and Sports has issued a notice ordering the closure of schools following an outbreak of Covid-19 in Vientiane Capital.

Phu Quoc United Center – Vingroup’s super tourism-resort-entertainment complex officially launched

HANOI, VIETNAM – Media OutReach – 21 April 2021 – On April 21st, Vingroup officially opens Phu Quoc United Center – the brand new super tourism-resort-entertainment complex of in Southeast Asia. Setting 5 national records, featuring thousands of annual grand multimedia shows, mini-shows and offering one-of-a-kind experiences, Phu Quoc United Center – Vietnam’s “Sleepless City” – is poised to become a must-go destination in the global tourism map.


Covering over 1000 ha in northern Phu Quoc Island, Vingroup’s new “tourism-entertainment universe” is said to be comparable to global tourist hotspots like South Korea’s Jeju, Singapore’s Clark Quay, or Las Vegas in the US.

On the occassion of its launch, Phu Quoc United Center also kick-starts a series of boisterous 24/7 events, including 7,200 grand multimedia shows and 12,000 mini-shows every year. Notably, this super tourism complex is holding 5 national records recognized by the Vietnam Record Association, namely Vietnam’s largest complex with diverse entertainment and resort forms, Vietnam’s largest bamboo construction, Vietnam’s first Teddy Bear Museum, 3D multimedia show with the most Vietnamese historical references, Vietnam’s largest floating multimedia show inspired by European culture.

Vietnam’s largest bamboo construction – Bamboo Legend – was designed by world-acclaimed architect Vo Trong Nghia and built from more than 32,000 bamboo trunks. Its dome patterns reflect the communal house in Vietnamese villages – a unique, recognizable national trait. Right next to the Vietnamese national pride Bamboo Legend is the world-renowned Teddy Bear Museum. This 1500-square-meter museum is the eighth version of its kind in the world and the very first in Vietnam, housing bears of all kinds and all sizes that can thrill everyone from the very young to the young at heart.

Bamboo Legend, designed by architect Vo Trong Nghia, is Vietnam’s largest bamboo construction


The show “The Elite of Vietnam” has been recognized as 3D multimedia show with the most Vietnamese historical references. Comprising nearly 3000 daytime mini-shows and 365 nocturnal events each year, “The Elite of Vietnam” relives Vietnamese lifestyles, tradition and history of ancient times in a citadel, conveying compelling cultural messages. State-of-the-art technology and visual effects incorporated in these shows have embellished Vietnamese culture in the modern entertainment world.

“The Color of Venice” super show holds the record of Vietnam’s largest floating multimedia show inspired by European culture. With a 15-thousand-square-meter underground stage and the most advanced equipment for performance, this is one of the most satisfying multimedia shows in Vietnam, recreating an idyllic and picturesque Venice through Valse dances, lighting, music and performances on the water surface that can be found nowhere else.

A fitting end to the show trilogy in Phu Quoc United Center is the world-class light water show, called “Once Show” arranged and performed by famous Quantum Creative Studios. Worth 12 million USD, “Once Show” is a breath-taking world a fairytales made from water, lighting, fire, ice, 3D mapping.

Grand World – “Sleepless City” – sparkles at night


These non-stop million-dollar shows and 1000 shophouses create a 85-hectare Grand World with various activities all day and night. In this place, the boundaries of time and space seem to blur as visitors embark on a journey from the ancient Vietnamese citadel to a magnificient Venice, from a bustling Shanghai to the Urban Park of contemporary arts, from the splendid Phu Quoc Night Market to a lively tropical square… This is the destination where tourists can eat, play and buy anything in the world from a series of restaurants and shopping streets teeming with domestic and international brands. Grand World’s entertainment zone, bars and clubs as well as Corona Casino also offer various unforgettable moments.

An indispensable part of Phu Quoc United Center is the 12,000 rooms ranging from 5-star to mini-hotel segments, with prestigious brand names Vinpearl, VinOasis, VinHoliday, Radison Blue… Also unmissable are VinWonders Phu Quoc – Vietnam’s largest theme park, Vinpearl Safari – Asia’s largest semi-wild zoo, Vinpearl Convention Center – 5-star MICE system, Vinpearl Golf – the 18-hole golf course, Vinmec International Hospital…

All these are included in Phu Quoc United Center – the very first super resort-entertainment-tourism complex developed as a one stop destination in Vietnam. With exceptional services and distinctive experiences, this all-in-one tourism universe has laid a firm foundation for the night-time economy in Vietnam.

ASMPT Announces 2021 First Quarter Results

Record Bookings of US$1.01 Billion in Q1 2021 Backed By Broad-Based Demand

 

Highlights

(in HK$ million)

Q1 2021

QoQ

YoY

Bookings1

7,827.6
(US$1.01 billion )

+86.4%

+73.4%

Revenue1

4,336.9

(US$559.3 million)

+0.6%

+45.6%

Gross Margin1, 2 (%)

39.6%

+412 bps

+268 bps

Net Profit1, 2, 3

528.4

+52.9%

+1,972.2%

Net Profit Margin1, 2, 3 (%)

12.2%

+416 bps

+1,133 bps

Notes

1 excluding contribution from Materials Segment, which was deconsolidated and equity accounted since 29 December 2020

2 excluding one-off items and related tax impacts recorded in Q4 2020

3 including share of Q1 2021 results from Advanced Assembly Materials International Limited (AAMI), a joint-venture

Highlights for Q1 2021

  • ­ Revenue of HK$4.34 billion (US$559.3 million) exceeded top end of revenue guidance
  • ­ Record bookings of HK$7.83 billion (US$1.01 billion) surpassed guidance and generated:

o A strong backlog of HK$9.38 billion (US$1.21 billion), a 58.2% QoQ increase
o A book-to-bill ratio of 1.80

  • ­ Gross margin improvement of 268 bps YoY and 412 bps QoQ
  • ­ Net profit of HK$528.4 million, including share of results from AAMI
  • ­ Record cash and bank deposits of HK$4.61 billion as of 31 March 2021

Revenue Guidance for Q2 2021

­ US$600 million to US$650 million

HONG KONG SAR – Media OutReach – 21 April 2021 – ASM Pacific Technology Limited (“ASMPT” / the “Group”) (Stock code: 0522) announced its quarterly results for the three months ended 31 March 2021. ASMPT’s technologies enable its diverse range of customers to create a wide range of semiconductor and electronic products and services for the digitally-enabled world.

Amidst stronger signs of improving macro-economic conditions, and a slow and uneven global recovery from the COVID-19 pandemic, the Group was able to achieve a strong financial performance. The Group reported revenue of HK$4.34 billion (US$559.3 million) for the quarter from its continuing operations (2020 Q1: HK$2.98 billion, or US$382.6 million). The Group’s consolidated profit after taxation for the period was HK$528.4 million (2020 Q1: HK$25.5 million). Basic earnings per share for the period amounted to HK$1.27 (2020 Q1: HK$0.06).

Revenue performance came from a broad range of factors. For one, customers increased investment in capacity expansion to achieve semiconductor self-sufficiency. There was also continued recovery for automotive and industrial applications, while longer term growth trends including accelerated digital transformation, automotive electrification, and the global 5G roll-out continued to exert their influence.

“Year 2020 was a tumultuous one, but we managed to close it off quite well. I am very pleased that our performance this quarter continues to achieve new heights. With the world’s appetite for silicon showing no sign of slowing down, our market position, our technologies and the fundamentals driving our business and future prospects continue to look bright,” said Mr. Robin Ng, Chief Executive Officer, ASMPT.

Of note, the Group recently received a distinguished 2020 Supplier Achievement Award from Intel Corporation for its COVID-19 response, a special recognition for ensuring uninterrupted supply to them through the pandemic period. “This Award exemplifies our unwavering commitment to customers to continue supporting them well through disruptions caused by the pandemic,” added Robin.

A strong surge of customer demand this quarter drove Group bookings to record levels, to the tune of HK$7.83 billion (US$1.01 billion), significantly exceeding its Q1 bookings guidance (‘more than US$700 million’). This strong YoY growth of 73.4% and QoQ growth of 86.4% in bookings was dominated by the Semiconductor Solutions Segment, while the SMT Solutions Segment also registered record bookings representing strong QoQ increase in demand.

The Group ended the quarter with a strong backlog amounting to HK$9.38 billion (US$1.21 billion) and book-to-bill ratio of 1.80.

SEMICONDUCTOR SOLUTIONS SEGMENT

The Semiconductor Solutions Segment delivered strong revenue of HK$2.70 billion (US$348.7 million), representing growth of 78.7% YoY and 13.8% QoQ. Revenue performance was driven by its IC/Discrete Business Unit benefitting from accelerated global digital transformation trends that drove strong demand across a broad range of applications, including mobile & personal computing devices, HPC, 5G infrastructure and devices (particularly China), and both discrete and power management applications related to general automotive, industrial and automotive electrification. Its Optoelectronics Business Unit recorded strong demand from conventional fine-pitch display and general lighting customers while its CIS Business Unit continued to register strong YoY and QoQ increase in bookings.

At the product level, the Segment’s mainstream die and wire bonders dominated deliveries, representing another consecutive quarter of strong YoY and QoQ revenue growth. This reflected intensifying efforts from customers to expand capacity amid rapidly recovering market conditions.

The Segment achieved record bookings of HK$5.31 billion (US$684.9 million) this quarter, reflecting remarkable YoY growth of 120.4% and QoQ growth of 105.3%, with all its three business units recording strong YoY and QoQ bookings growth. In particular, the IC/Discrete Business Unit experienced its highest-ever demand levels, while its CIS Business Unit’s significantly higher QoQ bookings reflected continued momentum in this space.

A notable aspect of its Optoelectronics Business Unit’s performance was the encouraging increase in Mini LED customers taking delivery for high volume manufacturing activities.

SMT SOLUTIONS SEGMENT

The SMT Solutions segment delivered Q1 2021 revenue of HK$1.63 billion (US$210.6 million), representing YoY growth of 11.4% and QoQ decline of 15.5%.

At the product level, mainstream SMT placement and printing tools were its largest revenue contributor. Its high-accuracy SMT systems for SiP applications experienced continued demand, particularly for wearables and 5G-related devices. The Segment’s equipment services and spare parts business also returned to healthy pre-pandemic levels, indicating a normalising of manufacturing activity among its European and Americas-based customers.

Segment Q1 2021 bookings of HK$2.52 billion (US$324.6 million) were at an all-time high, representing an increase of 19.5% YoY and 56.1% QoQ. Growth came from broad-based demand across major end-market applications.

LOOKING AHEAD

Today’s data-centric computing era, along with long-term trends such as 5G, automotive electrification, autonomous driving, AIoT and advanced packaging, is likely to drive significantly higher non-discretionary silicon consumption. The Group’s customers are expected to undertake new rounds of capacity and capability investments to meet these needs.

“We continue to execute well for the near term while keeping our eye on longer-term objectives like sustained profitability and growth,” said Robin. “We have begun executing on a series of strategic initiatives to streamline and improve our business over time, and have already begun to see some of their effects on metrics such as our margins. We are confident about our fundamentals, our relationships with partners and customers, and the long term growth drivers underpinning our industry. We remain focused on shaping a bright and sustainable future for our customers, employees, investors, partners and society.”

Based upon current market expectations and supported by its strong backlog, the Group expects revenue for Q2 2021 to be in the range of US$600 million to US$650 million and revenue for the second half of 2021 to remain strong.

(N.B.: Enclosed please find the Condensed Consolidated Statement of Profit or Loss and Condensed Consolidated Statement of Profit or Loss and other Comprehensive Income of ASM Pacific Technology Limited.)

ASM PACIFIC TECHNOLOGY LIMITED

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

Three months ended

31 March

31 December

31 March

2021

2020

2020

HK$’000

HK$’000

HK$’000

(unaudited)

(unaudited)

(unaudited)

(restated)

Continuing operations

Revenue

4,336,922

4,309,506

2,979,018

Cost of sales

(2,621,110)

(2,981,393)

(1,880,338)

Gross profit

1,715,812

1,328,113

1,098,680

Other income

15,204

10,904

44,354

Selling and distribution expenses

(393,709)

(408,538)

(355,237)

General and administrative expenses

(231,545)

(243,313)

(211,102)

Research and development expenses

(420,339)

(432,997)

(392,574)

Other gains and losses

10,090

(8,182)

(11,545)

Other expenses

(66,792)

(49,997)

Finance costs

(28,653)

(50,276)

(39,281)

Share of result of a joint venture

17,293

Profit before taxation

684,153

128,919

83,298

Income tax expense

(155,732)

(14,177)

(57,797)

Profit for the period from continuing operations

528,421

114,742

25,501

Discontinued operation

Profit (loss) for the period from discontinued operation

891,079

(151)

Profit for the period

528,421

1,005,821

25,350

Profit (loss) for the period attributable to owners of the Company

– from continuing operations

521,509

109,225

23,747

– from discontinued operation

891,079

(151)

521,509

1,000,304

23,596

Profit for the period attributable to non-controlling interests

– from continuing operations

6,912

5,517

1,754

Profit for the period

528,421

1,005,821

25,350

Earnings per share (from continuing and discontinued operations)

– Basic

HK$1.27

HK$2.45

HK$0.06

– Diluted

HK$1.27

HK$2.43

HK$0.06

Earnings per share (from continuing operations)

– Basic

HK$1.27

HK$0.27

HK$0.06

– Diluted

HK$1.27

HK$0.27

HK$0.06

ASM PACIFIC TECHNOLOGY LIMITED

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

Three months ended

31 March

31 December

31 March

2021

2020

2020

HK$’000

HK$’000

HK$’000

(unaudited)

(unaudited)

(unaudited)

Profit for the period

528,421

1,005,821

25,350

Other comprehensive (expense) income

Item that will not be reclassified to profit or loss:

– remeasurement of defined benefit retirement plans, net of tax

(26,100)

Items that may be reclassified subsequently to profit or loss:

– exchange differences on translation of foreign operations:

– subsidiaries

(180,914)

333,464

(226,264)

– a joint venture

1,039

– reclassification of cumulative translation

reserve upon deemed disposal of foreign

operations

(8,896)

– fair value gain (loss) on hedging instruments designated as cash flow hedges

15,397

(4,977)

(13,665)

(164,478)

319,591

(239,929)

Other comprehensive (expense) income for

the period

(164,478)

293,491

(239,929)

Total comprehensive income (expense) for the period

363,943

1,299,312

(214,579)

Total comprehensive income (expense) for

the period attributable to:

Owners of the Company

361,976

1,285,017

(213,558)

Non-controlling interests

1,967

14,295

(1,021)

363,943

1,299,312

(214,579)

About ASM Pacific Technology Limited

ASMPT (HKEX stock code: 0522) is a leading global supplier of hardware and software solutions for the manufacture of semiconductors and electronics. Headquartered in Singapore, ASMPT’s offerings encompass the semiconductor assembly & packaging, and SMT (surface mount technology) industries, ranging from wafer deposition, to the various solutions that organise, assemble and package delicate electronic components into a vast range of end-user devices, which include electronics, mobile communications, computing, automotive, industrial and LED (displays). ASMPT partners with customers very closely, with continuous investment in R&D helping to provide cost-effective, industry-shaping solutions that achieve higher productivity, greater reliability and enhanced quality.

ASMPT is one of the constituent stocks of the Hang Seng TECH Index, Hang Seng Composite MidCap Index under the Hang Seng Composite Size Indexes, the Hang Seng Composite Information Technology Industry Index under Hang Seng Composite Industry Indexes and the Hang Seng Hong Kong 35 Index. To learn more about ASMPT, please visit us at www.asmpacific.com.

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