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Qualtrics study reveals employee engagement in Thailand exceeds global average

Annual report finds top engagement drivers shifted significantly during 2020

 

BANGKOK, THAILAND – Media OutReach – 24 February 2021 – New research released today by Qualtrics, the leader in employee experience (EX) and creator of the experience management (XM) category, has revealed significant shifts to the drivers of employee engagement in Thailand in 2021.

According to the 2021 Thailand Employee Experience Trends Report, the top five employee engagement drivers changed over the last year. Pride in the work my team delivers, having in place processes allowing employees to be productive, and being part of a team effective at making decisions were found to be the top three drivers. Effective collaboration between teams, and being confident to share opinions with management completed the top employee engagement drivers.

The engagement drivers to drop out the top five were confidence in senior leadership, opportunities for learning and development, recognition for good work, my manager helps my career development, and a clear link between work and strategic objectives.

Employee engagement in Thailand on the rise

Despite the challenges faced by companies in 2020, overall levels of employee engagement in Thailand increased to 76% in 2020, from 72% in 2019. This is significantly above the 66% global average, which also rose 13% in the last year (66% vs. 53%). Intent to stay with an organisation three years or more also increased to 56%, from 43% in 2019.

Well-being, which is an important contributor to overall EX, continues to be a priority for workers and is predicted to be a key trend for organisations in 2021. Among employees in Thailand, more than seven in 10 (73%) rated their well-being as favourable – above the global average of 67%. Most notably, a sense of belonging at an organisation has the greatest impact on overall well-being, with well-being increasing to 80% for employees when this is the case.

Lauren Huntington, EX Solutions Strategy, Qualtrics Southeast Asia, said: “2020 has irreversibly changed the working world, and so it is unsurprising we have seen engagement drivers shift considerably this year. As businesses and governments look forward to 2021 we expect to see these engagement drivers change once again as restrictions continue to change. To ensure teams are provided with the support and services they need in fast changing situations it is critical leaders are able to understand how emerging trends are reshaping the workplace, and what they can do to design and improve employee experience.”

Listening up, positive action down

According to the Qualtrics study, more than nine in 10 employees in Thailand (93%) believe it’s important their company listens to feedback. Compared to 12 months previously more employees are being listened to, with the volume of respondents saying they have an opportunity to feedback increasing to 84% in 2020 (up from 77%). However, only 42% say their company acts on it very well – which is a 21% decrease over the same period.

“While it’s pleasing to see more employers listening to their teams, the study outlines the critical importance of acting on feedback. There is no one size fits all approach to improving the employee experience. By capturing responses from their teams across the entire employee lifecycle and in key moments that matter, businesses are able to design improved experiences.”

“The business impact of listening and acting on feedback is huge. When organisations do take action, scores increase across employee engagement (90%), wellbeing (88%) and intent to stay (91%),” said Huntington.

Mr.Borwornnan Thongkalya (Ph.D.) President, Personnel Management Association of Thailand, said: “Creating positive employee experiences has become an increasingly significant focus of human resources officers in recent years that cannot be downplayed. By adopting a ‘People First’ approach, organisations are empowering employees to share their feedback and are better equipped to address the changing needs of their people. Particularly during times of uncertainty, ensuring employees are heard and taking appropriate action is vital to fostering positive experiences in the workplace, boosting well-being, morale and productivity.”

About the study

The 2021 Global Employee Experience Trends Report examined more than 11,800 full-time employees across 20 different countries around the world, to find out what’s changed in employee experience, and what is driving employee engagement in a post-COVID world. More than 340 respondents polled were from Thailand.

To download the full 2021 Global Employee Experience Trends Report, please click here.

About Qualtrics

Qualtrics, the leader in employee experience and creator of the Experience Management (XM) category, is changing the way organizations manage and improve the four core experiences of business—-customer, employee, product, and brand. Over 12,000 organizations around the world are using Qualtrics to listen, understand, and take action on experience data (X-data™)—-the beliefs, emotions, and intentions that tell you why things are happening, and what to do about it. The Qualtrics XM Platform™ is a system of action that helps businesses attract customers who stay longer and buy more, engage employees who build a positive culture, develop breakthrough products people love, and build a brand people are passionate about. To learn more, please visit qualtrics.com.

Hunter Fan Company Debuts Industrial Fan Line for Malaysia

Inventor of Ceiling Fan Expands HVLS Product Offerings for International Market Needs

 

NASHVILLE, TENNESSEE – Media OutReach – 24 February 2021 – Hunter Industrial Fans – the industrial division of Hunter Fan Company – launched its international fan line known as “DDI.” The DDI is a high volume, low speed (HVLS) industrial fan built for powerful air circulation. The HVLS fan is designed for simplicity while providing significant airflow due to its custom-built, direct-drive motor and three aerodynamically efficient blades.

“Hunter Industrial has grown significantly over the last six years, and we’re proud to offer a product that meets the demand for our international customers across the globe,” said Mark D’Agostino, Senior Vice President and General Manager of Hunter Industrial. “The DDI fan will offer competitive pricing with unmatched performance in the industry.”

Available in two sizes–including 20- and 24-foot diameter models–the DDI fan is ideal for any facility looking to provide greater air movement in large spaces, such as warehouses, manufacturing centers, shipping, or dock and door areas.

“We have seen an increased demand for an international product line that is reliable, easy to install and affordable. DDI is the solution, and I look forward to partnering with companies across the world to meet their facilities’ needs,” said Borja Chavarri, International Director of Sales for Hunter Industrial.

The DDI fan features a five-year warranty on the motor and electronic control, and a Limited Lifetime Warranty on all other components. For international sales inquiries, contact Borja Chavarri at bgiralt@hunterfan.com.

About Hunter Industrial Fans

Since 1886, Hunter Fan Company’s focus has been on providing and enhancing comfort for consumers. Hunter’s commitment to quality, craftsmanship and innovation is why the company remains unrivaled today–and why Hunter’s fans last for generations. Hunter Industrial is part of that heritage, and the industrial division’s high-volume, low-speed fans embody Hunter’s passion for pioneering breakthroughs in ceiling fan technologies. Hunter Industrial’s fans are designed with every person in the process in mind–from installer to owner. Based in Nashville, Tenn., Hunter Industrial’s designers, engineers and technicians work together to test, prototype and manufacture every fan to perfection. For more information, visit www.hunterfan.com/industrial.

DHL Global Forwarding ships COVID-19 vaccines weekly as New Zealand rolls out vaccination program

  • Delivery will take place on a weekly basis further to the first successful delivery on February 15
  • Expansion of DHL’s global presence in vaccine logistics

AUCKLAND, NEW ZEALAND Media OutReach 24 February 2021 – To support the New Zealand government’s inoculation program, DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, will deliver additional doses of COVID-19 vaccines on a weekly basis into the country. DHL Global Forwarding arranged for the collection of the vaccines from the manufacturing site in Europe and upon the vaccines’ arrival at Auckland Airport, handled the customs clearance and final delivery to designated locations in New Zealand.

“Globally we have worked across many markets to deliver the vaccines successfully in markets we’ve been engaged in, and we will continue to do so. Logistics plays a critical role in getting vaccines to where it is urgently needed. Our cold-chain network and pharmaceutical logistics expertise have meticulously planned every last detail to manage an extremely complex operation seamlessly,” said Charles Kaufmann, CEO, DHL Global Forwarding North Asia & South Pacific.

“The deliveries were smooth as can be expected, thanks to the significant effort and rigorous planning by the teams involved. Working in close coordination with our partners on the ground and New Zealand’s regulatory authorities, all measures have been taken to ensure not just the speed of deliveries, but also ensuring the quality and safety of these critical shipments,” said Zane Morton, Managing Director, DHL Global Forwarding New Zealand.

Across DHL’s dedicated global network, more than 9,000 specialists work to connect pharmaceutical and research organizations, wholesalers and distributors, as well as hospitals and healthcare providers across the value chain. With this contract, the logistics expert for air, ocean and road freight expands its global presence in vaccine distribution.

DHL’s portfolio for the healthcare industry includes 150+ pharmacists, 20+ clinical trials depots, 100+ certified stations, 160+ GDP-qualified warehouses, 15+ GMP-certified sites, 135+ medical express sites, and an international network covering 220 countries and territories.

On a global scale, logistics providers are challenged to establish medical supply chains rapidly to deliver vaccines of unprecedented amount of more than 10 billion doses worldwide — also in regions with less developed logistics infrastructure, where approximately 3 billion people live. To provide global coverage of the next two years, DHL estimated in its vaccine whitepaper report that up to 200,000 pallet shippers and 15 million cooling boxes as well as 15,000 flights will be required across the various supply chain setups.

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 380,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 63 billion euros in 2019. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve zero-emissions logistics by 2050.

LESSO, China’s Leading Plastic Piping Brand Expands its Market to Southeast Asia

SAMARANG, INDONESIA – Media OutReach – 24 February 2021 – LESSO, China’s leading brand in plastic piping industry, has set foot in Southeast Asia market for further business expansion.

On Nov. 7th, 2020, a crane lifted the first steel beam at the construction site of Lesso’s new plant in Samarang, Indonesia, officially commencing its business expansion in Southeast Asia.

China Lesso Group Holdings Limited (https://en.lesso.com/), founded in 1986, has been a leader in the pipeline industry and is gradually developing into a large industrial group of home furnishings and building materials in China. China Lesso’s product portfolio spans piping systems, building materials, interior decoration products, environmental protection services, modern agriculture, channels and services, and more. With its rapid development, China Lesso has established over a hundred of subsidiaries and 27 manufacturing bases in 18 provinces across China, and in North America. Learn more about Lesso from this video: https://youtu.be/xSYG2AFP_fM

Lesso continues to perfect its techniques in automated and smart production, constantly improving its production capacity and efficiency, and product quality. The Company is a front runner in the industry in terms of production capacity and sales volume. It produces about 15% of the overall plastic pipe output in China and has surpassed its competitors a couple of times. According to a survey conducted by Forward Industry Research Institute, a professional industry planning consultant based in Beijing, China Lesso has been able to realize up to 2.78 million tons of design capacity since 2019 and achieved 2.397 million tons of sales in the same year.

In 2020, China Lesso is nominated by Hurun Research Institute on the list of Hurun China 500 Most Valuable Private Companies 2020 as its market value has reached a new record high of RMB37 billion with a year-on-year growth of 61%. Moreover, it’s been on the Fortune 500 China list for 8 consecutive years since 2013 and the Company stock is considered among those of the biggest value.

The Growing Demand for Plastic Pipeline in Southeast Asia

The global demand for plastic pipe which is expected to grow in the coming five years has notably driven the market. The global market for plastic pipes is projected to reach 20.4 billion meters by 2024 according to a report by researchandmarkets.com. The report also pointed out that Asia-Pacific, especially the Southeast Asia region has become the largest and most fast-growing market worldwide.

Southeast Asia is now shifting fast from an agricultural economy to an industrial economy. Thus, its demand for plastic pipes has significantly grown due to the increased spending on infrastructure modernization projects, such as replacement of metal based pipes with plastic pipes in utility networks, expanding crop irrigation activities, rehabilitation of wastewater collection and water distribution, growing preference for no-dig technology, and etc.

LESSO Sees Potential in Southeast Asian Market

With an aim of business expansion, China Lesso has seen the potential in Southeast Asian market and has accelerated to globalize its business. It has announced a substantial investment in establishing a large-scale pipeline manufacturing base in Indonesia to seize market share by participating in the country’s infrastructure advancement projects and enhance Lesso’s competitiveness and influence in the local market.

Indonesia has been claimed to be the largest economy in Southeast Asia and has growth perspective by many authorities like the World Bank. With the continuous and rapid development, Indonesia’s domestic demand for infrastructure improvement has increased significantly. Pipes and pipe fittings which are common and essential construction materials, do have great opportunities during infrastructure construction in Indonesia.

Lesso’s Indonesia manufacturing base will be able to supply plastic piping products and services for the domestic market in a timely and productive manner as it specializes in a variety of advanced plastic piping solutions fitting for building construction, infrastructure, industrial and agricultural applications. Lesso’s products are widely used in water supply, drainage, power supply, telecommunication, gas transmission, home decoration, and so on.

China Lesso’s endeavor in Indonesia is an important deployment in its global business expansion. Following the Belt and Road Initiative, Lesso will strive to develop markets in more targeted countries in Asia, for example in Malaysia, Thailand, and Cambodia, adding momentum to its strategic business presence in the world.

Contact us:

China Lesso Group Holdings Limited

E-mail: lessoppgl@lesso.com

Website: https://en.lesso.com

Address: Liansu Industrial Estate, Longjiang Town, Shunde District, Foshan City, Guangdong Province, China

Responding to International Mother Language Day, Taiwan builds an environment friendly to indigenous languages

TAIPEI, TAIWAN – Media OutReach – 23 February 2021 – In response to UN’s call for the preservation of mother languages, International Mother Language Day — Indigenous Language Revitalization Award Ceremony and Forum on Taiwan Indigenous Language Development was held in Taiwan on February 20 and 21. Indigenous languages and official languages were used together throughout the events, including Indigenous Language Revitalization Award Ceremony and a keynote speech on the Historical Truth of Indigenous Language Loss and National Language Revitalization Strategy.

President Tsai Ing-wen presenting Indigenous Language Children Award to the 5-year-old recipient, LregeaiRukai

Delegates from 14 countries including the Republic of Palau, and heads of local governments and NGOs were invited, reaching an attendance of 300 people. President Tsai Ing-wen and Premier Su Tseng-chang of the Executive Yuan presented a total of 12 awards to accredited individuals, groups and organizations for indigenous language revitalization. Among which, the recipient of the Indigenous Language Children Award, Lregeai, is a five-year-old with Rukai person, who has already won many awards in relation to indigenous languages. Kating Mulas, the recipient of the Indigenous Language Teacher Award is fluent in both Bunun, her mother language, and Pangcah/Amis, the language she teaches, and is extremely gifted in language learning.

Minister Icyang ‧ Parod of the Council of Indigenous Peoples delivered his remark entirely in Pangcah/Amis. Delegates attending the meeting on behalf of various organizations used a total of 10 different languages, including Truku, Drekay, Thakongadavane, Bunun, Kanakanavu, Pangcah/Amis, Atayal, Kavalan, Pinuyuanan, and Chinese. Simultaneous interpreting service for various indigenous languages was provided as per international conferences, showcasing indigenous languages for the nation to become acquainted with, so that together we can create an environment friendly to indigenous languages.

Enacted in 2016, the Indigenous Languages Development Act set in motion various measures for language revitalization, leading to the quintuple of budget with even more manpower invested towards language revitalization. With the government coordinating indigenous language promotion organizations, manpower and resources, we hope to effectively revitalize indigenous languages and cultures through such consensus meetings.

Minister Icyang ‧ Parod pointed out that without indigenous languages, there will be no indigenous rituals and ceremonies; without indigenous languages, indigenous cultures will cease to be passed on. As the origin of the Austronesian, linguistic diversity is Taiwan’s gift to the world in its most beautiful form. The two-day event sees consensus reached amongst indigenous language development organization and professionals, together we continue to promote the research, preservation, promotion and passing on of indigenous languages, and give voice to the beautiful Austronesian languages in Taiwan.

TikTok And Kuaishou Rival, Lomotif, Sells To ZASH

Lomotif Platform is One of the Top Worldwide Social Video-Sharing Apps Today Definitive Agreement Gives ZASH Majority Controlling Interest

 

Vinco Ventures, Inc. (NASDAQ:BBIG) – BETHLEHEM, PA AND SINGAPORE – Media OutReach – 23 February 2021 – ZASH Global Media and Entertainment Corporation (“ZASH“), the entertainment industry disrupter led by co-founders Ted Farnsworth, financier and former MoviePass Chairman, early Musical.ly investor Jaeson Ma, and early Triller visionary and board member, Vincent Butta, has entered into a definitive agreement to acquire a majority controlling interest in Lomotif Private Limited (“Lomotif“), the Singapore-based top video-sharing social networking platform and budding rival to TikTok, and Kuaishou (1024.HK on the Hong Kong Stock Exchange). The closing of the Lomotif acquisition by ZASH is scheduled to occur concurrently with the closing of ZASH’s merger and business combination with Vinco Ventures, Inc. (“Vinco“), which was previously announced in a joint press release in January 2021. The closing of the Lomotif acquisition is subject to certain customary conditions to closing as described in the definitive acquisition agreement.

Upon completion of the merger between ZASH and Vinco, ZASH will become a public company and controlling shareholder of Vinco, making Lomotif one of the top global, pure play video-sharing social networking platforms to be owned by a US publicly traded company, competing with TikTok and Kuaishou in the space.

ZASH believes that Lomotif is one of the fastest growing video-sharing social networking platforms in its category over the last three years and in Latin America, Asia, Europe and West Africa, Lomotif has increased its average monthly community by over 400 percent in this time span. Historically, over 10 billion times atomic clips (User Generated Content (UGC)) have been used to create more than 740+ million videos on the platform since launch.

The following additional data further shows the Lomotif platform’s dominant, global user traction and reach that ZASH believes demonstrates massive untapped value and Lomotif’s potential growth:

  • 10+ billion video atomic clips usage
  • 740+ million super-clip videos (Lomotifs) created to date
  • 225+ million installations globally (in 200+ countries in 300+ languages)
  • 210+ million lifetime community
  • 160+ million total lifetime viewers (iOS/Android)
  • 120+ million total lifetime creators
  • 300+ million video views on the platform per month

Lomotif Founder and Chief Executive Officer, Paul Yang, will continue to lead Lomotif upon completion of the acquisition. “With the partnerships ZASH has in place and has planned,” said Yang, “we’re a natural fit. As an emerging player in user generated video creation, we are excited to be part of ZASH’s overall content and distribution plans and strategies and are looking forward to accelerating growth and adoption of Lomotif worldwide.”

“Lomotif is the key piece of the ZASH strategy to merge the best-in-class media, entertainment and content-focused technology companies globally,” said Ted Farnsworth. “The platform is fun and engaging and its features are unique and innovative. We look forward to expanding the platform in the US market and around the rest of the world.”

“Having had experience building another video-sharing social networking platform, it became quickly apparent that Lomotif’s patented technology for mixing and video editing is second to none.” said Vince Butta. “ZASH will focus Lomotif on an advertising model going forward, as well as other means of monetization over the next several months.”

“Lomotif is a global platform with tremendous following in Latin America and Asia and together with ZASH it will replicate that success in the US and other markets,” said Jaeson Ma. “In today’s world of mass consumption of short-form content, we see Lomotif’s addition to the ZASH family as an incredible opportunity to leverage our content in all formats and broaden our distribution platform worldwide.”

Investment bank BTIG represented ZASH on the buy side of the transaction. Palladium Capital served as advisor on the capital raise to fund the transaction. The media and entertainment team led by Tom K. Ara and including Patrick Anding at law firm DLA Piper LLP negotiated and advised ZASH on the Lomotif deal and are also advising ZASH in its merger with Vinco. Cooley LLP represented Lomotif in the transaction.

For more information about ZASH’s proposed merger with Vinco, please see the press release (https://investors.vincoventures.com/press-releases/detail/78/musical-ly-tiktok-triller-and-moviepass-innovators-unite) and Vinco’s 8-K filed on January 19, 2021 (https://sec.report/Document/0001493152-21-001470/).

About ZASH Global Media and Entertainment Corporation

ZASH Global Media and Entertainment Corporation is an evolving network of synergetic companies working together to disrupt the media and entertainment industry as we know it today. The ZASH team is managed by a group of smart, if not somewhat brazen, consummate disrupters. ZASH believes its management team has an exceptional and unparalleled ability to pivot because their knowledge and experience is steadfast and unyielding. For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASH’s website at www.zash.global.

A bout Lomotif

Lomotif is the leading video-sharing social networking platform that is democratizing video creation. Since the company was co-founded by video enthusiast Paul Yang in 2014, Lomotif has been granted three technology patents uniquely focused on empowering creators to share and watch short videos with ease through remix and collaboration. Paul’s bold vision is to build the world’s largest video vocabulary to accelerate the world’s transition to video-first expression. Lomotif, available in the Apple and Google stores, is a breakthrough downloadable app for hip hop, rap, and urban culture across the United States and Latin America. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms.

About Vinco Ventures, Inc.

Vinco Ventures, Inc. (NASDAQ: BBIG) is a mergers and acquisition company focused on digital commerce and consumer brands. Vinco’s B.I.G. (Buy. Innovate. Grow.) strategy will seek out acquisition opportunities that are poised for scale and grow said acquisitions through targeted traffic and content campaigns. For more information, please view Vinco’s investor presentation or visit Investors.vincoventures.com.

Forward-Looking Statements and Disclaimers

This press release contains “forward-looking” statements within the meaning of federal securities laws. Forward-looking statements include, among others, statements concerning or implying future financial performance, anticipated product performance and functionality of ZASH’s products or products incorporating ZASH’s products, and industry trends and growth opportunities affecting ZASH. Such information are based upon beliefs of, and information currently available to, ZASH management as well as estimates and assumptions made by ZASH’s management. These statements can be identified by the fact that they do not relate strictly to historic or current facts. When used in this presentation the words “estimate,” “expect,” intend,” believe,” plan,” “anticipate,” “projected” and other words or the negative of these terms and similar expressions as they relate to ZASH or ZASH’s management identify forward-looking statements. These forward-looking statements include statements regarding the potential business synergies resulting from ZASH’s acquisition of Lomotif and ZASH’s proposed merger with Vinco, the potential market for ZASH’s and Lomotif’s product offerings, customer adoption and use of the Lomotif platform, and the ability of ZASH to monetize product offerings, including the Lomotif platform. Such statements and the other forward-looking statements in this press release reflect the current view of ZASH with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to ZASH and Lomotif’s industries, operations and results of operations and any businesses that may be acquired by ZASH. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. All forward-looking statements are qualified in their entirety by this cautionary statement. ZASH is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events, or otherwise.

SunMirror AG Ramping Up Tin Exploration Efforts At Moolyella Project

– Expanding the development of existing Cassiterite (tin ore) assets and greenfield explorations
– Engagement of Geonomik Pty Ltd to detail Moolyella Project tin potential
– Strong tailwind from high tin prices

ZUG, SWITZERLAND – EQS Newswire – 23 February 2021 – SunMirror AG (“SunMirror”; XETRA Vienna: ROR1; ISIN CH0396131929), the mining and exploration firm specializing in raw materials such as gold, lithium and other metals and minerals, is increasing its efforts to discover potential tin reserves to meet new demands.

SunMirror has engaged Geonomik in Perth, Australia, to review and conduct the Moolyella Project, prospective for tin, lithium and rare earths. A review of the project in 2011/12 confirmed reconnaissance rock chip sampling over an area of two square kilometres, revealing the presence of highly anomalous lithium in a significant number of samples analysed.

After further assessing historical data, SunMirror’s management decided to ramp-up exploring the highly prospective Moolyella Tin and Lithium projects in the Pilbara region of Western Australia due to these sites’ history, location, infrastructure and record of rapidly bringing-to-market resources.

Dr. Heinz Rudolf Kubli, member of the Board of Directors of SunMirror AG, explains “Tin price levels are nearing multi-year highs. One of the reasons is the unprecedented demand for tin used in semi-conductors. We want to take advantage of the resulting opportunities.”

The Company is targeting a highly prospective exploration ground in the most attractive jurisdiction in the world for mining investment. The Moolyella Project is located 23 kilometers northeast of Marble Bar and consists of one exploration license covering 93 square kilometers. The license is held by Lithium 1 Pty Ltd, a fully-owned SunMirror subsidiary, and covers one of the most prolific historical tin, tantalum and lithium producing districts in Western Australia. In Australia’s oldest large-scale tin mining province, primarily artisanal mining took place between 1898 and 1986, which means the area has never been fully explored or drilled at depth. SunMirror’s tin tailings are scattered across the land holding.

About SunMirror AG

SunMirror is a natural resources holding company with a strategic focus on gold and other critical commodities – those metals and minerals that drive demand for sustainable next-generation technology. The company’s shares (ISIN CH0396131929) are listed on the Vienna Stock Exchange (ticker: ROR1) and the Düsseldorf Stock Exchange. For further information, please visit: www.sunmirror.com.

About Opus Group

Opus Capital Switzerland AG and Opus Capital Asset Management AG (“Opus Group”) specialize in bringing next generation companies to market by combining extensive industry expertise with one of Switzerland’s leading independent financial services firms. For more information, please visit: http://www.opus-capital.ch.

Tigre de Cristal Staff Receives Russia’s COVID-19 Vaccine, An Injection of Hope in the Resumption of International Travel

HONG KONG SAR – Media OutReach – 23 February 2021 – Suncity Group Holdings Limited (“Suncity“, Hong Kong Stock Exchange code: 1383) and Summit Ascent Holdings Limited (“Summit Ascent“, Hong Kong Stock Exchange code: 102), are pleased to announce that staff in Tigre de Cristal has started to receive Russia’s self-developed Sputnik V COVID-19 vaccination. This is a move by the Government to safeguard the health and safety of the Russian citizens, our staff and our guests, as well as a move to prepare the country to go back to normal soon.

As a number of countries in the world are rolling out mass COVID-19 vaccination programmes, the normalisation of the economy and the re-opening of international borders are just around the corner.

The Russian Federation has begun vaccinations in Moscow early in December 2020, among the first countries to launch its vaccination programme in the world, and has already approved mass use in other cities including Vladivostok, where Tigre de Cristal is located.

Tigre de Cristal has taken the highest precautionary measures recommended by the Russia authorities to the highest standards, such as turning off every other slot machine and capping the seating capacity in restaurants. Compliance to these rules has reduced the ability of Tigre de Cristal to generate revenue. A silver lining is that Tigre de Cristal is an integrated resort not only visited by international travellers, but also an integrated resort well-attended by locals. Since the reopening of Tigre de Cristal after the temporary closure in 2020, Tigre de Cristal has recorded a decent recovery in the mass table and slot businesses in the second half of 2020. The injection of the vaccine to our staff offers a glimpse of hope that business could soon return to normal. Currently, Tigre de Cristal’s Phase I upgrade on hardware such as the newly decorated Suncity VIP room, the brand-new authentic hot pot restaurant and the gentlemen’s club are now ready to welcome international travellers when the borders reopen.

Phase II of Tigre de Cristal is well under way, and will triple the existing number of hotel rooms, as well as doubling in the number in its current gaming facilities. Phase II will also feature additional leisure and entertainment facilities such as the finest restaurants serving authentic Asian delicacies, ranging from Korean barbecue to international flavours serving fresh seafood; as well as a state-of-the-art indoor beach club. With the COVID-19 vaccination programme now being available to the general public, we are certain that both the Phase I upgrade and Phase II will soon be generating accretive business volumes to the Group in the direct VIP, junket VIP, premium mass, mass and slots businesses as international travel gradually resumes.

Mr. Chau Cheok Wa, Chairman of Suncity, also Chairman of Summit Ascent, said, “The vaccine is a breakthrough in humanity because this is an indication that humans can win the pandemic. I cannot be more grateful to the Russian Government, the research and medical staff in Russia for their tireless work in developing the vaccine and their determination to go back to the normal lives where people are allowed to travel freely. Their decisive and ambitious actions to prioritise vaccinating Russian citizens, including our employees working in Tigre de Cristal, is a tell-tale sign to us that Asia is on its way back to normality. When our customers from across Asia are allowed to travel again, I am certain that this will mark a new era for outstanding business performance in Summit Ascent, especially Suncity will fully back Summit Ascent as it is now a subsidiary of Suncity.”

About Suncity Group Holdings Limited (HKEx stock code: 1383)

Suncity Group Holdings Limited (“Suncity“) is en-route to become a leading integrated resort operator in Asia. Originated from Macau, Suncity develops, operates and manages integrated resorts across Asia, including Vietnam, the Philippines, Russia, and Japan.

Suncity holds approximately 69.66% of Summit Ascent Holdings Limited (HKEx: 102), the operator of the largest integrated resort Tigre de Cristal in Vladivostok, Russia. Through Summit Ascent, Suncity participates in the development of future phases of Tigre de Cristal. Summit Ascent holds 77.5% in Tigre de Cristal, currently the largest integrated resort located in the Primorye Integrated Entertainment Zone of the Russian Far East. Situated midway from the Vladivostok International Airport to Vladivostok city, the administrative centre of the Russian Far East, Tigre de Cristal is ideally located geographically in the heart of Northeast Asia.

Hoiana is the first flagship integrated resort that Suncity jointly develops with our investment partners. Located in Central Vietnam, Hoiana is only 35 minutes away from the Danang International Airport and is located near to top tourist attractions in Danang and Hoi An. Hoiana is a world-class integrated resort with branded hotels, state-of-the-art gaming floors, multiple F&B restaurants, award-winning golf course and long pristine beaches.

Suncity is also the controlling shareholder of Suntrust Home Developers, Inc. (PSE: SUN), who is developing the Westside City Integrated Resort in the heart of Entertainment City in Manila, the Philippines. Suncity also offers consultancy services to large scale integrated resorts in Asia. In addition, Suncity operates in the travel related product and services segment and the property segment.

Adhering to the spirit of “Innovating With Diversity, Striving For Success”, Suncity spared no effort to develop entertainment and integrated resort products. Originated from Macau, Suncity actively explores integrated resort opportunities around the world.

For more information about Suncity, please visit http://www.suncitygroup.com.hk/?lang=en

About Summit Ascent Holdings Limited (HKEx stock code: 102)

Summit Ascent Holdings Limited (“Summit Ascent“) holds 77.5% in Tigre de Cristal, currently the largest integrated resort located in the Primorye Integrated Entertainment Zone of the Russian Far East. Situated midway from the Vladivostok International Airport to Vladivostok city, the administrative centre of the Russian Far East, Tigre de Cristal is ideally located geographically in the heart of Northeast Asia.

Summit Ascent holds a gaming license granted by the Russian government for an indefinite period, and Tigre de Cristal has opened for business since late 2015, offering a broad range of gaming options on a 24/7 basis. Tigre de Cristal has been certified as a five-star hotel with retail offerings, food and beverage outlets, private club, and named “Russia’s Leading Resort” by World Travel Awards.

For more information about Summit Ascent, please visit https://www.saholdings.com.hk/eng/