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Laos Confirms 336 New Cases of Covid-19

Covid-19 Update

Laos has recorded 336 cases of Covid-19 today, bringing the total number of cases to 12,957.

Vingroup’s leader shares information about their battery strategy for Vinfast’s electric vehicles

Battery for electric vehicles (EVs) that can charge to 80% in five minutes, 100% solid-state battery without risk of fire with capacity three times higher than current lithium batteries. Technologies of the future are about to be featured on VinFast’s EV models. These were shared by Vingroup’s Vice Chairwoman Thuy Le as she talked about the car maker’s big plan for electrification.

HANOI, VIETNAM – Media OutReach – 24 August 2021 – Aiming to get ahead and gain a competitive advantage in the global EV market, VinFast has been proactively seeking for and partnering with top prestigious firms in battery making – a key to the future of electric cars.

Vingroup’s Vice Chairwoman Thuy Le revealed that VinFast is teaming up with a number of leading companies in battery research and manufacture from the US, Israel, Taiwan, etc. to ensure that VinFast’s EV models will be equipped with cutting-edge batteries.

Specifically, VinFast is collaborating with Israeli StoreDot, a company well-known for its extreme fast charging technology that allow battery to charge to 80% of capacity in only 4-5 minutes. This used to be seen as impossible but StoreDot’s technology has been proven to work effectively on cellphones, drones and e-scooters. Instead of graphite, StoreDot uses nanoparticles in their batteries, which allows much faster charging speed compared with current technology. Therefore, StoreDot is said to be a pioneer in the world’s new energy sector.

This means that VinFast may become one of the few electric car firms with the most advanced battery technology that has never been acquired by any famous electric car company in the world, not even Tesla.

Notably, Vice Chairwoman Thuy Le also mentioned the strategic partnership between VinFast and Taiwanese ProLogium (PLG) – a leader in research and production of 100% solid-state batteries. ProLogium has been a pioneer in commercialising this technology since 2013 and became the world’s first company that possessed a 100% solid-state battery experimentation facility for cars in 2017.

With advantages of extremely rare possibilities for fire or explosion, wide range of operating temperatures and three times higher energy density compared with lithium-ion battery, the 100% solid-state battery is considered the technology of the future, a catalyst for the EV revolution. Therefore, this collaboration will give VinFast considerable advantages in the race for global EV market share.

Another remarkable name is Gotion High-Tech – a major company in battery development and manufacture in China and across the world. It is well-known for LFP battery technology. Gotion has just signed an MoU with VinFast. The LFP battery can be produced at a low cost and is suitable for mid-range electric cars and has potential to universalise green transportation in the world.

Vingroup also disclosed that it is carrying out R&D activities on its own in addition to seeking external resources. Research institutes with world’s leading experts under Vingroup’s business ecosystem together with its new subsidiary – VinES Energy Solutions JSC – play an essential role in this task.

These three pillars will help VinFast achieve both self-sufficiency in EV battery supply as well as the highest quality of batteries in use.

As regards production, Vingroup’s Vice Chairwoman said VinFast has plans to establish battery production facilities in Europe and the US, as well as their factory in Vietnam. This will be an important part of VinFast’s journey to become a global smart electric vehicle company and efforts to accelerate the trend of green transportation in the world.

#VinFast

#Vingroup

Arlo Wins Three 2021 Red Dot Design Awards

Essential Wireless Video Doorbell, Essential Spotlight Camera and Pro 3 Floodlight Camera Recognised for Standout Design

SINGAPORE – Media OutReach – 24 August 2021 – Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today announced it has been awarded three 2021 Red Dot Design Awards highlighting its Essential Wireless Video Doorbell, Essential Spotlight Camera and Pro 3 Floodlight Camera.

 

The Red Dot Award is an international competition recognising product design, communication design and design concepts. The judging panel of 50 international experts test and evaluate the year’s best products that excel in functionality and are aesthetically appealing, smart, durable, self-explanatory, ecological, and innovative, while standing out in design quality.

 

“Arlo is focused on creating highly advanced, yet beautifully designed products that focus on real user needs. This philosophy drives us to deliver industry-leading products that enable our customers to protect the people, places and things that matter most to them,” said Brad Little, Vice President and Managing Director APAC at Arlo. “The Red Dot Design Award wins underscore our commitment to innovation, and we are honored to receive not one but three awards.”

 

The Essential Wireless Video Doorbell boasts a versatile, wire-free, battery-powered design that captures what conventional video doorbells can’t. An industry-leading, 180-degree viewing angle with a square, 1:1 aspect ratio, ensures users can see packages on the ground or visitors from head-to-toe. The Essential Spotlight Camera features 1080p FHD video, two-way audio and an integrated spotlight with color night vision, all packed into a beautifully compact, wire-free design that is easy to install. Lastly, the versatile, wire-free Pro 3 Floodlight Camera offers powerful LEDs, an integrated 2K HDR camera, 160-degree field of view and custom lighting configurations. The floodlight camera features a sleek, fully integrated design to please even the most discerning homeowners.

 

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

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 cellular connection. To date, Arlo has launched several categories of award-winning smart connected devices, including wire-free smart Wi-Fi and LTE-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 Harbour 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 the Arlo Essential Wireless Video Doorbell, Arlo Essential Spotlight Camera and Arlo Pro 3 Floodlight Camera 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 ending 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.

#Arlo

Falcon Mobility Launches New Ultra-Lite 2 Electric Wheelchair

SINGAPORE – Media OutReach – 24 August 2021 – Falcon Mobility is excited to announce the launch of its new lightweight Ultra-Lite 2 electric wheelchair. With this launch, the company aims to provide the elderly and disabled communities with a new affordable and lightweight wheelchair option, making it more convenient for caregivers to transport their wards’ personal mobility aids to and from a vehicle.

This model is the evolution of Falcon Mobility’s popular Ultra-Lite “D” motorised wheelchair. Weighing only a mere 16 kilograms – excluding the weight of the battery and footrest – the Ultra-Lite 2 is one of the lightest and most portable wheelchair options in Singapore. It features an improved controller that affords users greater manoeuvrability, leading to a much smoother ride. The upcoming 2022 version will even feature an attendant control bracket that allows caregivers to mount the controller on its handle to steer the electric wheelchair.

There are also further quality-of-life enhancements made to the Ultra-Lite 2 to provide its users and their caregivers greater convenience. The device’s armrests can now be flipped up to facilitate patient transfer from the side, making it easier for caregivers to transport their wards from the bed to the wheelchair and vice-versa. Furthermore, should the user’s or caregiver’s smartphone run out of battery when they are outdoors, they can now charge their phones with the Ultra-Lite 2 using a USB cable as the electric wheelchair features a dedicated USB port for mobile devices.

As more members of the elderly and disabled communities begin to embrace personal mobility aids to regain their independence, Falcon Mobility hopes the improvements featured in the Ultra-Lite 2 electric wheelchair will provide its customers with greater convenience when they are travelling around Singapore. In addition to its motorised wheelchairs, Falcon Mobility also offers a wide range of personal mobility aids, including mobility scooters and walking aids, all of which are shipped globally.

 

For more information on the company’s products, please visit https://www.falconmobility.com.sg/

 

#FalconMobility

Total Information Management Corporation joins hands with Nexusguard to build the first true-hybrid DDoS Scrubbing Center in the Philippines

Transforming into a Managed Security Service Provider enables TIM to offer carrier grade Managed DDoS Protection Services in the Philippines

MANILA, PHILIPPINES – Media OutReach – 24 August 2021 – Total Information Management Corporation (TIM), a leading technology solutions provider in the Philippines, announced its strategic partnership with Nexusguard, a leading DDoS security solution provider, to build the first true-hybrid DDoS scrubbing center in the Philippines, providing carrier grade DDoS protection services to enterprises and government agencies.

 

“The rising security demands of the market has driven TIM to become a MSSP. We are pleased to announce that TIM is building the first true-hybrid DDoS scrubbing center in the Philippines and launching our new Managed Security Service in 2021. The Managed Security Service will be backed by a strong team of cybersecurity professionals which was formed in 2019. The Managed Security Service will provide cost effective DDoS protection with the best cybersecurity experience to our customers.” Sunver Z. Bastes, the President of Total Information Management Corporation said.

 

“Deploying a solution to protect one’s infrastructure from DDoS attacks is one thing. Delivering it as an actual service to one’s customers is not only expensive but also extremely challenging. We are impressed by the effort that TIM has been putting into the MSSP transformation process and their eagerness to launch a quality hybrid Anti-DDoS service in 90 days after joining Nexusguard’s Transformational Alliance Partner program.” Andy Ng, CEO of Nexusguard said.

 

The new true-hybrid DDoS scrubbing center offers both on-premise, always-on first, and cloud-first DDoS protection services at the same time. This is possible because TIM’s on-premise aspect operates in conjunction with the Nexusguard’s global 2.24 Tbps scrubbing network to deliver on-premise value at the customer’s network, while also enjoying Nexusguard’s cloud protection for traffic coming from the rest of the world. The managed security service is backed by a strong local SOC team with 20+ cybersecurity professionals, who operate on the frontline, monitoring, mitigating, and resolving DDoS attacks.

 

Key features of TIM’s managed security services:

  • Carrier grade DDoS protection on applications, web services, networks and DNS servers.
  • Accommodate and address the needs of customers with a variation of different requirements, and offer a combination of services all at the same time.
  • Ability to operate both on-premise, always-on first, and cloud first at the same time, while offering the flexibility of delivering either full on-premise or full cloud protection.
  • Seamless compliance with a mix of data sovereignty policies for on-premise, within the country and in the cloud.
  • A strong local SOC team providing 24x7x365 service.
  • Full visibility and control via the customer portal.

For more information about TIM’s managed security services, please visit: https://timcorp.net.ph/

About Total Information Management Corporation

Total Information Management is a leading technology solutions provider in the Philippines, offering Business IT and Data Center solutions to companies across various industries globally. They have expertise in a range of business sectors, including turn-key enterprise solutions, core banking solutions and managed services. Their Filipino heritage is at the center of their business, and they are based in Makati City, Philippines.

Visit timcorp.net.ph for more information.

#TotalInformationManagement


About Nexusguard

Founded in 2008, Nexusguard is a leading cloud-based distributed denial of service (DDoS) security solution provider fighting malicious internet attacks. Nexusguard ensures uninterrupted internet service, visibility, optimization, and performance. Nexusguard focuses on developing and providing the best cybersecurity solution for every client across a wide range of industries with specific business and technical requirements. Nexusguard also enables communications service providers to deliver DDoS protection solutions as a service. Nexusguard delivers on its promise to provide you with peace of mind by countering threats and ensuring maximum uptime.

Visit http://www.nexusguard.com for more information.

#Nexusguard

Blockchain Security Firm CYBAVO Raises $4 million in Pre-Series A Funding Round

SINGAPORE – Media OutReach – 23 August 2021 – Singapore-based blockchain security firm CYBAVO announces that it has raised $4 million USD in its Pre-Series A funding round. The round, completed in June, was co-led by global venture capital firm 500 Startups, Taiwan’s H&D Asset Management Company and New Economy Ventures. Other investors from Taiwan, Silicon Valley, Singapore, Hong Kong and Japan also participated in the round.

 

“The company intends to use the latest funding to fuel expansion in the East Asian, European, and North American markets,” says Paul Fan, CEO of CYBAVO. “The funds will also be used for continued investment in the research and development of cybersecurity and blockchain technology, and to further raise the level of customer and product satisfaction.”

 

Digital asset custody and management is a USD $20 billion market, but not many companies offer end-to-end turn-key solutions for enterprises and institutional investors. CYBAVO offers these investors a solution to achieve frictionless adoption of crypto assets with a focus on digital asset security and regulatory compliance.

 

This year, CYBAVO was accepted into 500 Startups’ flagship accelerator program. Through the program, it will have access to its global network of mentors, founders, and industry stakeholders. The company also opened its first European office in Luxembourg and completed Fit 4 Start, Luxembourg’s leading startup acceleration program. The program provided CYBAVO with tailored coaching, funding, access to key network connections, and advice on regulations and the market in Europe. In June, CYBAVO won first place in SelectUSA Investment Summit’s Cybersecurity pitching session, a program led by the U.S. Department of Commerce. These achievements further showcase the company’s intent to deliver a successful international expansion.

 

“The digital asset market has grown rapidly over the past couple of years, but the market lacks a secure institutional grade end-to-end solution. Thanks to the experience and vision of CYBAVO’s founding team, we think there’s great potential for the company to develop into a full-stack digital asset management platform,” said Shawn Chu, Principal at 500 Startups.

 

When asked about his insights on the future of digital assets, Managing Partner at New Economy Ventures Ethan Tsai said, “We are optimistic about the future growth and development of digital assets and blockchain technology and we are particularly interested in partnering with technology companies that can provide infrastructure for crypto assets. We believe CYBAVO can leverage its long-term technical and talent advantage in cybersecurity to address the huge market potential of “real assets to crypto assets”.”

 

“With an ever-increasing number of transactions taking place, cryptocurrency and digital assets are undoubtedly one of the fastest growing trends today. The protection of these assets is the basic building block of this industry, and one of the most important issues the industry must tackle is how to manage private keys in a secure and efficient way. I’m very glad that the team at CYBAVO can present an unrivaled solution for private key management. This solution not only provides security, but it’s also an end-to-end, intuitive and easy-to-use system that increases operational efficiency. We trust that CYBAVO’s institutional wallet solution will make transactions in cryptocurrency as safe and convenient as transactions in traditional banking institutions we’ve come to trust. Here at H&D Asset Management we’re happy to be a part of CYBAVO’s growth, and proud to witness its journey to becoming a leading organization in the cryptocurrency industry,” said Chu Ping-Yu, Chairman of the Board at H&D Asset Management.

 

CYBAVO is the leading provider for blockchain security solutions in Asia Pacific. Its extensive list of enterprise customers include cryptocurrency exchanges, fund management companies, cryptocurrency wallet providers, and fintech service providers. The company is insured by S&P AA-rated global reinsurance company, and holds certifications for ISO 27001 and NIST’s Cryptographic Module Validation Program.

About CYBAVO

CYBAVO was established in 2018 by a team of cybersecurity veterans with backgrounds in blockchain security, cryptography, computer security, malware analysis and web security. Its mission is to provide the most advanced digital asset custody by developing a custom security-hardened operating system, patented encryption technology, and a highly secure sandboxed environment to deliver its suite of solutions, including its flagship product, the CYBAVO VAULT.

#CYBAVO

China Lilang Announces 2021 Interim Results

Revenue Up 23.9% to RMB1,354 Million; Net Profit Amounts to RMB271 Million; Interim Dividends of HK18 Cents per Share

HONG KONG SAR – Media OutReach – 23 August 2021China Lilang Limited (“China Lilang” or the “Company”, together with its subsidiaries the “Group”; stock code: 1234) has today announced its unaudited 2021 interim results.

 

Results Highlights

  • Revenue increased by 23.9% to RMB1,354 million
  • Net profit was RMB271 million
  • Earnings per share was RMB22.7 cents
  • Interim dividends totaled HK 18 cents per share
  • Sell-through rate of products has increased after around 40% of the Core Collection stores have been converted to the consignment model starting from the 2021 Spring and Summer Collections
  • As most of the stores of the Smart Casual Collection have switched to direct-to-retail model since mid-2020, store efficiency gradually improved and the inventory level continued to decline
  • Total retail sales of the Group’s products in the first half of the year increased by 25%-30% year-on-year

 

Mr. Wang Dong Xing, Chairman and Executive Director of China Lilang, said,

“Although the COVID-19 pandemic has flared up in parts of China, it is still generally under control. The domestic economy has exhibited a trend of steady and positive development, and the pent-up consumer demand has been gradually released. In the first half of the year, China Lilang steadily implemented a series of business model reforms, optimised the retail network, and increased product competitiveness. As a result of these efforts, total retail sales of the Group’s products increased by 25% to 30% year-on-year”.

 

For the first half of the year ended 30 June 2021, revenue increased by 23.9% year-on-year to RMB1,354 million. Profit from operations was RMB 308 million. Net profit and earnings per share rose 0.9% to RMB271 million and RMB22.7 cents respectively.

 

During the period, the Group maintained a sound financial position and sufficient cash flow. The board of directors has resolved to pay an interim dividend of HK 13 cents per share (2020 Interim: HK 12 cents) and a special interim dividend of HK 5 cents per share (2020 Interim: HK 5 cents) continuing to maintain a relatively high dividend payout ratio.

 

China Lilang implemented a series of business model reforms during the period.  Approximately 40% of the Core Collection stores have been converted to the consignment model starting from the 2021 Spring and Summer Collections. Stores operating under the consignment model share inventories via the online warehouse, so the sell-through rate of the Spring and Summer Collections has increased as a result. As for the Smart Casual Collection, the shift of most of the stores to the direct-to-retail model since mid-2020 has gradually helped optimise store efficiency and the inventory level continued to decline. During the period, the Group turned its online stores into a self-operating model, strengthening the management and control of e-commerce channels. The Group also continued to expand the virtual inventories of physical stores through the stores in WeChat Mall to improve the sales efficiency per store.

 

Besides, the Group continued to pragmatically support distributors in optimising the retail network by closing underperforming stores while opening stores in carefully selected suitable shop locations in quality shopping malls in order to achieve higher store efficiency. The Group has started rolling out the seventh-generation store image of the Core Collection to existing stores with about 100 stores completing renovation in the first half of the year. The Smart Casual Collection has started to optimise the store locations and to enhance the retail space arrangement of stores in various regions by stages. Such restructuring of the store network in Xi’an and Zhengzhou has already been completed. As at the end of June 2021, LILANZ had a total of 2,708 retail stores nationwide, representing a net decrease of 53 stores. Among them, the number of stores in shopping malls increased to 821, accounting for 30.3% of the total store count and 32.7% of the total retail area; 287 were independent specialty stores for the Smart Casual Collection; and the number of outlet stores increased to 40.

 

New retail remains one of the Group’s top priorities for business development. It has comprehensively capitalised on the complementary advantages of online and offline services. More new products were launched online during the period, marking the start of the new model of launching fast-developed products by using the Group’s in-house production plant’s capability to swiftly produce small batch orders. In addition, the Group has leveraged the WeChat platform and its stores in WeChat Mall to increase store efficiency. Total retail sales value of online stores for the period increased by 15% to 20% year-on-year.

 

During the period, while adhering to its strategy of providing products that represent excellent value-for-money, the competitive advantages of the products were demonstrated and the efficiency improved. The proportion of originally designed products was maintained at about 70% of the products sold. The project to gradually upgrade the fashion elements and design of products of the Smart Casual Collection was completed in the 2021 Spring and Summer Collection. The Group increased the markup rate of particular products based on product design and market competitiveness starting with the Spring and Summer Collection in 2021, thereby boosting the gross profit margin. In addition, to be able to launch more fast-developed products online, the Group began to develop new suppliers to source materials for fast-developed products since last year, and leveraged the capability of the Group’s own production plant in swiftly producing small batch orders.

As for brand promotion and management, the Group organised a series of activities with an aim to revitalise its brand. In addition to hiring KOLs to showcase new products on platforms such as Tiktok and Xiaohongshu, the Group also rejuvenated the brand through crossover products of the Core Collection with China Daily and the Smart Casual Collection with the science fiction film “The Three-Body Universe” for the 2021 Spring and Summer Collection. The Group continued to carry out brand promotion activities with Han Han, its brand ambassador, including sponsoring the New Year’s Eve talk show “2021: Speaking the Truth” participated by Han Han and also making a short film with the theme of positive emotions after the pandemic for broadcast on various online media and in high speed train. The “I Look Great with the World” commercial shot with Han Han and Li Dan, and launched by the Group, garnered the “Creative Communication Gold Case” prize at the 10th ADMEN International Awards (第十屆ADMEN國際大獎) in 2021, and won the Gold Award at the 2021 IAI Awards (IAI傳鑒國際廣告獎). Besides, the Group won the “2020-2021 Innovative and Advanced Retail Enterprise” honour at the “Golden Coordinates” Award Presentation Ceremony of Zhujiang Investment * China Commercial Property.

Looking ahead to the second half of 2021, the Group will adopt a prudent and flexible business strategy, in order to steadily expand its business. It will focus on optimising the existing store network to enhance store efficiency. It will continue to strictly select and open stores in suitable shop locations within quality shopping malls in provincial capitals and prefectural-level cities to replace street-level stores operating at low efficiency. Meanwhile, the Group will also add stores in outlets as a recurring channel for inventory clearance. It will continue to optimise the store network for the Smart Casual Collection and enhance the retail space arrangement of stores in various regions by stages. It plans to improve stores in Hefei, Nanchang, Changsha and other cities in the second half of the year. The Group will also organise training for distributors to strengthen their skills in using the WeChat platform to attract traffic and increase sales, thus further boosting store efficiency and the sell-through rate of products, and ultimately boosting the stable growth of sales. With an emphasis on quality, the Group’s annual target is to add 50 to 100 stores in 2021. The target total retail sales growth for 2021 is 15% or more.

 

As for new retail business, the Group will continue to organise various activities on Weibo, Tiktok and other online portals, and will launch more fast-developed products online, as well as launching the limited edition environmentally-friendly products online in the 2021 Fall and Winter Collections.

 

As for brand promotion, crossover products of the Core Collection with China Daily and the Smart Casual Collection with the science fiction film “The Three-Body Universe” will continue to be launched in the autumn and winter seasons. The renovation of the seventh-generation store interior design for the Core Collection will be rolled out to around 400 stores in the second half of the year. The Smart Casual Collection will also launch a refurbished store decor in the second half as planned. A fashionable and fresh brand image of new stores is set to attract more customers.

By adhering to the strategy of providing products that represent excellent value-for-money, the Group will continue to enhance the personality-themed and original designs of its collections to provide greater value-for-money and differentiate itself from its peers. It is expected that the proportion of originally designed products will be further increased to around 75% in the 2021 Winter Collection.

 

Operations at the new headquarters in Fujian have begun in February 2021, providing a new stage for the Group’s development. Phase I of the new logistics centre aims at commencing operation before the 11 November shopping day, which will effectively enhance the inventory management and the logistics efficiency of the Group.

 

Chairman Wang Dong Xing concluded:

 “As the Sino-US tension continues, coupled with the ongoing pandemic abroad and within China, the pace of recovery in each country varies.  The overall environment is still affected by uncertainties. Nevertheless, China is speeding up the construction of a new development pattern of dual-cycle mutual circulation, steadily implementing the promotion of domestic demand, and the upswing in consumer demand is expected to continue. The Group is therefore cautiously optimistic about the development of the retail market in China. In the long run, China Lilang will retain its multi-brand strategy, as it endeavours to strengthen its product competitiveness and value-for-money to further consolidate its leading position in the menswear sector in China and realise sustainable long-term growth to reward its shareholders, staff and customers for their support”.


About China Lilang

China Lilang is one of the leading PRC menswear enterprises. As an integrated fashion enterprise, the Group designs, sources and manufactures high-quality business and casual apparel for men and sells under the LILANZ brand across an extensive distribution network, covering 31 provinces, autonomous regions and municipalities in the PRC.

#ChinaLilang

Cushman & Wakefield Promotes Two Senior Leaders in its Global Occupier Services Business in Asia Pacific

Nick Seaton and Dawn Koo’s promotions reinforce the growth of the firm’s integrated portfolio management services

HONG KONG SAR – Media OutReach– 23 August 2021 – Cushman & Wakefield, a global leader in commercial real estate services, today announced two senior promotions within its Global Occupier Services (GOS) business in Asia Pacific.


Nick Seatonhas been promoted to be the Head of Integrated Portfolio Management (IPM), Asia Pacificand Dawn Koois the IPM Hub Lead for Greater China. Both appointments took effect in August 2021.

“Cushman & Wakefield has always placed great emphasis on recognizing the contributions and achievements of our people and providing them with opportunities to grow their career with us. Both Nick and Dawn have continuously demonstrated exemplary leadership and values that are important to our business including teamwork, high performance and a client-centric mindset. Under their leadership, we will continue to bring the best of our teams and our global platform, including our in-depth insights, best practices and innovative solutions to deliver a positive experience for our clients across the region,” said Shaun Jenkinson, Managing Director, GOS, Asia Pacific at Cushman & Wakefield.


Having spent the last 12 years based in Singapore, Nick most recently served as IPM Hub Lead for Southeast Asia and has amassed extensive experience in servicing Cushman & Wakefield’s corporate occupier clients across the APAC region. His work with many of the company’s key occupier clients has strengthened his understanding of their real estate needs while ensuring that we are well positioned to address these needs and any challenges and opportunities that fall within the occupier space.

Nick played an instrumental role in building and growing the APAC Portfolio Services Center (PSC) in Manila. He and his team of 45 real estate professionals in the PSC have partnered with on-site/in-market teams to successfully manage more than 10,000 leases across a total portfolio size of over 300 million sq ft and have achieved significant annual savings on behalf of our clients.

Reporting to Shaun, Nick has overall responsibility for the PSC, Lease Administration & Centre of Analytics hubs in Manila and the Transaction Management business across the region. With over 20 years of corporate real estate experience, he has contributed significantly to the company’s insights on occupier trends and has provided innovative solutions for specific client requirements.

Based in Hong Kong, Dawn has over eight years of occupier service delivery experience, covering transaction management, change management and workplace strategy. Besides formulating tailored real estate solutions, she brings value to clients’ real estate portfolio by strategizing and managing the delivery of their transactions.

Dawn joined Cushman & Wakefield in 2018 as Associate Director in the Transaction Management team. In her new IPM leadership role, she will oversee Greater China’s IPM team and work with key occupier clients in the region. Reporting to Nick, she will also foster better connectivity and collaboration between the wider Greater China business and the regional and global teams.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms in the world, with approximately 50,000 employees in over 400 offices and 60 countries. In Greater China, a network of 22 offices serves local markets across the region, earning recognition and winning multiple awards for industry-leading performance. The firm had global revenues of $7.8 billion in 2020 across core services including valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. To learn more, visit www.cushmanwakefield.com or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china)

#Cushman&Wakefield