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2021 Revenue Up 29.2% to HK$3,777.7 million; Adjusted Profit to Shareholders of the Company Up 34.7% to HK$422.2 Million; Dividend for the Year of HK 10.1cents Per Share, a Year-on-Year Surge of 140.5%

“Global Footprint”, “Region for Region Manufacturing” and “Dual Source Production” Strategies to Grasp Opportunities in Post-Pandemic Era

HONG KONG SAR – Media OutReach – 10 March 2022 – Impro Precision Industries Limited (“Impro ” or the “Group”) (Stock Code: 1286), a world-leading manufacturer of high-precision, high-complexity and mission-critical casting and machined components, has today announced its annual results for the year ended 31 December 2021.

In 2021, volatile epidemic situation of the novel coronavirus has cast a shadow on global economy recovery. However, the Group has seen a strong recovery in certain segment end-markets, such as commercial vehicle, hydraulic equipment, construction equipment, agricultural equipment, recreational boat and vehicle, and the revenue in these end-markets has even exceeded the highest level in history. During the year, the revenue of the Group amounted to HK$3,777.7 million, representing an increase of 29.2% as compared to last year. The Company recorded a net profit attributable to shareholders of the Company of HK$382.8 million and basic earnings per share of HK20.3 cents. The adjusted profit attributable to Shareholders of the Company amounted to HK$422.2 million, representing a year-on-year increase of 34.7%. The Group resolved to declare a second interim dividend of 2021 of 7.2 HK cents per share. Along with the first interim dividend of 2.9 HK cents per share, dividend for the year amounted to 10.1 HK cents per share, representing an increase of 140.5% as compared to 4.2 HK cents per share in last year.

Regarding the automotive end markets, as a result of the substantial increase in demand for commercial vehicle components in North America and Europe, automotive components revenue reached HK$1,723.3 million, representing a year-on-year increase of 23.6%. Revenue from commercial vehicle components increased by 43.6% year-on-year to HK$755.0 million. Moreover, the Group has successfully developed various new energy vehicle parts and surface treatment services for certain manufacturers of new energy vehicles. Revenue in relation to new energy vehicles exceeded HK$30 million, representing a year-on-year increase of over 3.3 times.。

During the year, the industrial and others end-market also performed well. Revenue rose by 39.0% year-on-year to HK$1,748.6 million, reaching a historical high level. Among which, revenue from hydraulic equipment business increased by 61.4% year-on-year to HK$399.9 million, mainly due to the Group’s business development with new customers in the hydraulic market in the PRC last year, as well as the increased demand in the US as a result of the increased investment in infrastructure projects launched by the US government, resulting a strong demand for products in this end-market. Sales of construction equipment and agricultural equipment has been benefited from the North American market and the additional revenue of new models this year, thus increased significantly by 55.1% and 57.3% to HK$276.0 million and HK$254.0 million respectively. Driven by the “staycation” and the new products and new opportunities in health and sports trends, revenue from the recreational boat and vehicle end market increased by 50.6% year-on-year to HK$188.1 million. Against the backdrop of global pandemic and power restrictions in the PRC, market demand for distributed power engines increased. As a result, sales of high horsepower engines increased rapidly by 56.0% during the second half of the year, and for the full year 2021, the growth rate was 22.2%.

The number of newly developed aerospace SKUs of the Group in 2021 increased by 54.7% year-on-year to 215 units, reaching a record high. Due to the continuous impact of the pandemic, international travel in the aerospace industry remained at a “near halt” in 2021, resulting in a slight increase of 5.5% in product sales revenue in the related aerospace end-market as compared to last year. With the gradual recovery of the aerospace business market, it is expected that the business in the aerospace segment will likely show a more significant recovery in 2022. The medical end-market was benefited from the recovery of customer demand, with revenue increased by 25.8% during the year.

The Group adheres to the strategies of “Global Footprint” , “Region for Region Manufacturing” and “Dual Source Production” and has constructed the Mexico SLP Campus, its North American production base in Mexico, to serve a range of end markets in North America including automotive, construction equipment, agricultural equipment, high horsepower engine, hydraulic equipment and aerospace medical. The sand casting plant and the precision machining plant of Mexico SLP Campus, have been put into production in November 2021, while the construction of the other three plants, including investment casting, aerospace components and surface treatment plants has also commenced, and it is planned to commence production in 2022. It is expected that flexibility of the Group’s operations will be enhanced, potential supply chain and tariff risks caused by geopolitics can be mitigated, and production chain cycle can be significantly shortened, thus overall operational efficiency can be improved. Revenue from the plants in Mexico surged from approximately HK$50 million to over HK$100 million in 2021, representing an increase of nearly 100%. As the plants in Mexico SLP Campus gradually commenced operations, production capacity will be highly elevated. It is estimated that revenue from the plants in Mexico may reach HK$300 million in 2022.

Looking forward, despite the potential issues brought about by the Omicron variant, lockdowns and entry restrictions have been lifted in various countries as vaccination rate around the global surges. It is expected that international travel activities will be gradually resumed in 2022, and the business of aerospace end market may become the future growth engine of the Group. Meanwhile, the business of industrial end market of the Group still possesses massive growth potential. In particular, bills in relation to enhancement of local infrastructure projects have passed in the U.S. Demand for construction equipment and commercial vehicles, as well as the hydraulic equipment associated with construction equipment, will surge and this is expected to drive the growth the Group’s business in the industrial end market. Embracing various opportunities ahead, the Group has been well positioned to seize the opportunities. As at 28 February 2022, the Group’s total order on hand to be fulfilled in the next twelve months reached HK$3,748 million, representing a year-on-year increase of 42.9%, or an increase of 18.4% when compared with the total orders on hand to be fulfilled in the next 12 months as at 31 July 2021.

Mr. Lu Ruibo, Chairman and Chief Executive Officer of Impro, said, “Driven by the rising demand, along with the slowdown in the increase in the prices of certain raw materials, the agreement reached with major customers in the end of 2021 to adjust product prices, and the optimization of internal processes to improve operational efficiency, gradual improvement in the Group’s profit margin in the future is anticipated. Meanwhile, the Group will continue to strengthen its research and development capabilities while expanding its production capacity to provide customers with more diversified and customized products and services. Leveraging on its global production base and capacity expansion, the Group will consolidate and expand its global customer base, seize the business opportunities arising from the recovery of market demand after the pandemic, and strive to achieve sustainable profit growth to create better returns for its Shareholders in the long run.”

About Impro Precision Industries Limited (Stock Code: 1286)

Impro Precision Industries Limited was established in Wuxi, China in 1998 and its headquarters was moved to Hong Kong, China in 2011. It is a global top-ten manufacturer of high-precision, high-complexity and mission-critical casting and machined components for diversified end markets. According to the Roland Berger Report, Impro Precision was the world’s seventh-largest independent and China’s largest investment casting manufacturer and also the world’s fourth-largest precision machining company in the end markets of automotive, aerospace and hydraulics, each in terms of total revenue in 2018. The Group is also one of the few domestic suppliers offering one-stop solutions, including initial research and development, tooling design and manufacturing, casting, heat treatment, secondary machining and surface treatment. Impro Precision has established a global manufacturing layout and comprehensive service network. It has 19 production facilities in China, Germany, Turkey, the Czech Republic and Mexico, which are supported by nine sales offices in China, the US, Luxembourg, Turkey, Germany, Mexico and Hong Kong, as well as warehousing capacities in China, North America, Luxembourg, Mexico, Germany and Turkey. Impro Precision has established long-term strategic cooperative relationships with a number of globally recognized industry leaders, selling its products in more than 30 countries and regions.

For details, please visit:https://www.improprecision.com

#ImproPrecisionIndustries

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

Enjoy Exclusive Discounts on Electronic Products in Singapore with iShopChangi’s High Tech Fair in March

High Tech is at its historical peak. Never before have there been so many incredible electronic goods for us to enjoy. With iShopChangi’s Online High Tech Fair held between 10 to 23 March 2022, there’s plenty of gizmos and gadgets to choose from. Enjoy massive discounts on your favourite electronic products online when you shop with iShopChangi this March, and save hundreds of dollars when you head to the checkout!

SINGAPORE – Media OutReach – 10 March 2022 – From 10 to 23 March 2022, iShopChangi’s Online High Tech Fair will offer massive savings of up to 60% off all your favourite tech products, from earbuds to bread toasters, in addition to the already duty-free items available online. Save hundreds of dollars on ovens, air fryers, shavers and more, and kit out your home with all the essential electronic goods today!


Save with attractive vouchers

Receive 10% off your electronic products when you spend S$250 or more on iShopChangi, by entering the promotional code HITECH10 at the checkout (discount capped at S$40). Or, if you’re looking to spend even more, plug in HITECH12 when you cart out with S$350, to receive 12% off your electronic goods (discount capped at S$50). iShopChangi’s top 10 spenders during the sale will also receive a S$50 Changi gift card, which you can use at participating outlets in Changi Airport’s public and transit areas.

Keep a lookout for our one-day flash sales promo codes too! Released at 10am on 11, 18 and 22 March, these single day vouchers will shave 8% off your tech gadgets at no minimum spend, capped at S$30.

More discounts on your favourite electronics

Check out the incredible discounts on offer for individual products at iShopChangi. These Bose Quiet Comfort 45 Headphones are available for just S$419.63, reduced by 10% from S$466.36. You can take 10% off your Bose Sport Earbuds, too, and pay the reduced price of S$251.40 from the original S$279.44. Looking to get busy in the kitchen? Buy yourself a Mayer 3.3L Air Fryer (MMAF09) for S$57, saving yourself a massive 80% on the original price S$279. The PowerPac Bear Electric Oven 35L (DKX-A35Q1) will make a nice accompaniment for just S$77, reduced 61% from S$199. If fitness is your thing, take home a Fitbit Versa 3 for S$278.50, and keep an extra S$74 in your pocket at the checkout.

Explore the best in tech at iShopChangi’s High Tech Fair

On top of other promotions, you can enjoy a free S$5 welcome voucher when you sign up with Changi Pay. Save another S$5 if you use Changi Pay at checkout, with a minimum S$65 spend!

When it comes to tax-absorbed prices and $0 delivery, you can’t beat iShopChangi. Cart out with an order worth at least S$59 to receive free delivery of your purchases to residential addresses across Singapore!

About iShopChangi

iShopChangi was launched in 2013 as an extension of Changi Airport’s promise to deliver greater comfort and convenience to travellers in its suite of airport retail offerings. Passengers can browse and purchase tax- and duty-free products across all terminals between 30 days to 12 hours pre-flight on the e-store – and choose to collect their items at Collection Centres within departure, upon arrival or have them delivered free in Singapore. Providing easy access to over 30,000 products across 900 brands and exclusives such as Changi First product launches, the site has since received global recognition with its award for Best Website – Retail Customer Facing at The Moodies: the Airport and Travel Retail Digital Media Awards 2018. In early 2020, the e-commerce store started to retail a selection tax- and duty-absorbed products to Singapore-based residents without the need to fly.

#iShopChangi

Laos Confirms 335 New Cases of Covid-19

Savannakhet Covid-19 Update

Laos has recorded 335 cases of Covid-19 across the country today.

DHL and Singapore Airlines ink new agreement to expand partnership

  • DHL Express to deploy five Boeing 777 freighters with Singapore Airlines on Crew and Maintenance agreement (CM)
  • First two aircraft to be delivered in July and October 2022
  • Ken Lee: “New agreement guarantees capacity on our critical routes out of Singapore.”
  • Lee Lik Hsin: “New freighter operation will support fast-growing e-commerce segment.”


SINGAPORE / BONN, GERMANY – Media OutReach – 10 March 2022 – DHL Express, the world’s leading international express service provider, has entered into a Crew and Maintenance agreement (CM) with Singapore Airlines (SIA) to deploy five Boeing 777 freighters. This agreement marks a further step in DHL Express’ expansion of its intercontinental air network to meet customer demand in fast-growing international express shipping markets.

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Ken Lee, CEO, DHL Express Asia Pacific and Lee Lik Hsin, Executive Vice President Commercial, Singapore Airlines have signed an agreement to mark an expanded partnership
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Ken Lee, CEO, DHL Express Asia Pacific and Lee Lik Hsin, Executive Vice President Commercial, Singapore Airlines have signed an agreement to deploy five Boeing 777 freighters, which will be operated and maintained by SIA
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(From left to right: Travis Cobb, Executive Vice President Global Network Operations & Aviation, DHL Express; Ken Lee, CEO, DHL Express Asia Pacific; Lee Lik Hsin, Executive Vice President Commercial, Singapore Airlines) DHL Express and Singapore Airlines expand partnership to meet demands from the fast-growing e-commerce sector

“With the deployment of five Boeing 777 freighters, we can expand our express service linking the Asia Pacific region with the Americas. Following the pandemic, we see good prospects for strong growth in trans-Pacific trade lanes. By collaborating with Singapore Airlines, we see a unique chance to establish a long-lasting relationship with a long time partner who shares common values and operates at the highest standard”, says Travis Cobb, EVP Global Network Operations and Aviation at DHL Express.

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Left view_ DHL-SIA B777F
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Right view_DHL-SIA B777F

Based at Singapore’s Changi Airport and serving DHL’s South Asia Hub there, the freighters, which will sport a dual DHL-SIA livery, will be operated by SIA pilots on routes to the USA via points in North Asia. SIA will also oversee the maintenance of these aircraft.

The initial agreement is set for more than four years with the opportunity for an extension. As part of the agreement, the first aircraft delivery will be in July 2022, with the second in October 2022. The remaining three aircraft are planned for delivery throughout 2023.

Lee Lik Hsin, Executive Vice President Commercial, SIA, said: “Today’s agreement builds on and strengthens the long-standing partnership between SIA and DHL. This new freighter operation will support the fast-growing e-commerce segment, in addition to other key business segments that rely on trusted express services that DHL excels in providing. It also provides a foundation on which the partnership between SIA and DHL can be further expanded in the future. Basing these freighters at Changi Airport will further reinforce Singapore’s position as a key air cargo and e-commerce logistics hub, contributing to its growth and development.”

“This new agreement guarantees capacity on our critical routes out of Singapore as we gear up for ongoing growth in Asia Pacific trade,” stressed Ken Lee, CEO DHL Express Asia Pacific. “It gives us greater flexibility to add new routes and optimize our aircraft utilization in the face of unpredictable changes or sudden increases in demand.”

DHL Express continuously invests to meet steady growth in cross-border time-sensitive shipments. It operates over 320 dedicated aircraft across its global network of 220 countries and territories. The Boeing 777 freighters are the world’s largest, longest range, and most capable twin-engine freighters that also contribute to DHL’s sustainability goals, reducing CO2 emissions by 18 percent compared to the legacy B747-400s.

SIA’s cargo division operates to more than 90 destinations as part of its current network, which includes a fleet of freighters as well as the bellyhold space of the SIA and Scoot passenger aircraft. The airline recently ordered Airbus A350F freighters as part of its fleet renewal program. SIA continues to invest in its cargo capabilities, capitalizing on healthy demand fueled by growth in e-commerce, fresh produce, and pharmaceuticals, among other segments.

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 400,000 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 EUR 81 billion in 2021. 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.

On the Internet: dpdhl.com/press
Follow us at: twitter.com/DeutschePostDHL

About Singapore Airlines
The SIA Group’s history dates back to 1947 with the maiden flight of Malayan Airways Limited. The airline was later renamed Malaysian Airways Limited and then Malaysia-Singapore Airlines (MSA). In 1972, MSA split into Singapore Airlines (SIA) and Malaysian Airline System. Initially operating a modest fleet of 10 aircraft to 22 cities in 18 countries, SIA has since grown to be a world-class international airline group that is committed to the constant enhancement of the three main pillars of its brand promise: Service Excellence, Product Leadership and Network Connectivity.

#DHL

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

Laos Eyes USD 1.55 Billion Trade Surplus for 2022

A mining operation in Laos (Investment Promotion Department)
A mining operation in Laos (Photo: Investlaos.gov.la)

The Lao government is hoping for a trade surplus of at least USD 1.55 billion in 2022, despite the economic challenges caused by the Covid-19 pandemic.

Blue Cross Launches New Branding Campaign “360:1 Protection” Fully Support Fencing Gold Medalist Edgar Cheung Ka Long to Excel His Dreams

HONG KONG SAR – Media OutReach – 10 March 2022 – Blue Cross (Asia Pacific) Insurance Co., Ltd. (“Blue Cross”) announced the launch of a branding campaign themed “360:1 Protection”, coupled with promotion offers of a series of insurance products and the free additional COVID-19 Protection, providing a comprehensive safety net to protect customers’ daily lives.

Blue Cross launched a branding campaign themed

Blue Cross launched a branding campaign themed “360:1 Protection” featuring fencing gold medalist and Blue Cross’ brand ambassador Edgar Cheung Ka Long. His different appearances showcase that Blue Cross 360o coverage is everywhere to every aspect of customers’ daily lives, giving them peace of mind.

The new brand advertisement features fencing gold medalist and Blue Cross’ brand ambassador Edgar Cheung Ka Long. His different appearances showcase that Blue Cross 360o coverage is everywhere to safeguard elite’s daily life. Whether it’s a lovely home, a family-like domestic helper, a beloved pet, or engaging in various land and water sports for leisure or competition, Blue Cross will be here to safeguard every aspect of customers’ daily lives, giving them peace of mind.

Mr. Patrick Wan, Managing Director of Blue Cross, said, “The new branding campaign reinforces our commitment to be customers’ most preferred personal insurance partner. By providing a full range of insurance products, combined with the one-stop service of Blue Cross HK App, customers can enjoy total protection and smart living.”

The four eye-catching advertisements feature energetic images of Hong Kong’s pride Edgar Cheung, demonstrating Blue Cross’ dynamic and visionary brand image, and conveying the message that Edgar Cheung can keep going to pursue his dreams on the back of different protection.

The branding campaign covers both online and offline platforms, including bus shelter, tram body and social media advertisements, and social game with prizes. In addition, Blue Cross cooperated with Trial & Error for the first time to produce a thematic video to engage young customer segment. The video is expected to launch in mid-March.

Customers who successfully enrol in any of the designated insurance plans1 during the promotion period can enjoy up to 45% premium discount. In addition, upon successful enrolment in LovePet Insurance, MaidSafe Insurance (Plan B and C), HomeSafe Protection Insurance, Personal Accident Insurance or Job Changer Medical Protection, through the Blue Cross HK App or Blue Cross website, customers can enjoy free additional COVID-19 Protection2.

Promotional offers are subject to terms and conditions. Please visit Blue Cross website at www.bluecross.com.hk or download the Blue Cross HK App.

Remarks:

1. Designated insurance plans include MaidSafe Insurance, HomeSafe Protection Insurance, DecorationSafe, LovePet Insurance, LovePet Outpatient Insurance, Taipan GolferSafe, GolfSafe, Personal Accident Insurance, Personal AccidentSafe Insurance and SmartFit Sports Insurance.
2. The promotion period of free additional COVID-19 Protection lasts until 30 June 2022.

Disclaimers:

  • This press release is for distribution in Hong Kong only. The distribution of this press release is not and shall not be construed as an offer to sell or a solicitation to buy or a provision of any insurance product outside Hong Kong.
  • Blue Cross (Asia-Pacific) Insurance Limited is a subsidiary of The Bank of East Asia, Limited and a member of the BEA Group. It is not affiliated with or related in any way to Blue Cross and Blue Shield Association or any of its affiliates or licensees.

Blue Cross (Asia-Pacific) Insurance Limited

Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”) is a member of The Bank of East Asia Group. With over 50 years of operational experience in the insurance industry, Blue Cross provides a comprehensive range of products and services including medical, travel and general insurance, which cater to the needs of both individual and corporate customers.

In 2021, Blue Cross was assigned a financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) by A.M. Best, a global full-service credit rating firm specialising in the financial service industry. For the latest rating, please access www.ambest.com.

#BlueCross

Q1 Residential Transaction Volume Down by Half Y-O-Y, Market Expected to Recover Lost Ground in 2H

Upcoming Three Months Crucial to Recovery, Subject to Pandemic Control

  • Impacted by the fifth wave of COVID-19, and heightened geopolitical tensions, total residential transaction activity is now estimated at 9,187 deals, down 49% y-o-y
  • Overall average home prices are expected to drop 5% q-o-q in Q1, with a milder fall in the luxury sector
  • Assuming effective control of the pandemic in the next three months, the property market should regain momentum in 2H, with expected price growth of up to 3% y-o-y for 2022


HONG KONG SAR – Media OutReach – 10 March 2022 – Global real estate services firm Cushman & Wakefield announced its Q1 2022 Hong Kong Residential Market Review and Outlook report today. Impacted by the fifth wave of the pandemic, Hong Kong’s total residential transaction volume logged the lowest point since the 6,221 deals recorded in Q1 2016, while the overall average residential price is expected to fall by 5% q-o-q. However, despite the overall market being severely hit by the pandemic, end-user demand remains healthy. As the number of recorded positive COVID cases is now expected to start to decline, the recently proposed revision of the mortgage insurance programme and a potential reopening of the border will likely spur a market rebound.

Chart 1: Total S&P expected to reach 9,187 in 1Q22Chart 2: Residential Price Changes at City One ShatinChart 3: Residential Price Changes at Taikoo Shing Chart 4: Residential Price Changes at Residence Bel-Air

Chart 1: Total S&P expected to reach 9,187 in 1Q22
Chart 2: Residential Price Changes at City One Shatin
Chart 3: Residential Price Changes at Taikoo Shing
Chart 4: Residential Price Changes at Residence Bel-Air

Keith Chan, Director, Head of Research, Hong Kong, Cushman and Wakefield commented: “Total residential sales and purchase agreements (S&Ps) in Q1 2022 are estimated to reach 9,187 deals, a fall of 49% y-o-y, and the lowest activity recorded since the onset of the pandemic in early 2020 (Chart 1). Given the continued tightening of social distancing measures, together with intensified geopolitical uncertainties, most buyers are adopting a wait and see attitude. With the aforementioned factors, coupled with developers’ likely intentions to delay project completion timelines, we expect transaction volumes will fall further from the 4,275 agreements recorded in January to around 2,000 in March.”

Edgar Lai, Director, Valuation and Advisory, Hong Kong, Cushman & Wakefield shared: “The secondary market has been hit by the pandemic, with the overall price slipping by 2.2% from its peak in September 2021. Prices at City One Shatin, a proxy for the mass market, have decreased by 5.2% q-o-q (Chart 2). Similarly, prices at Taikoo Shing, a proxy of the middle market, dropped by 4.9% q-o-q (Chart 3). On the other hand, Residence Bel-Air, representing the luxury market, has shown greater resilience with a relatively milder fall of 4.1% q-o-q (Chart 4). Typically, luxury property owners have greater holding power and can contribute to relatively more stable prices.”

Commenting on the market outlook, Keith Chan highlighted: “Control of the pandemic in the next three months will be crucial to the domestic property market. If the pandemic is brought under control before mid-year, and the social distancing measures and border controls are gradually relaxed, the Financial Secretary’s recently announced relaxation measures in the mortgage insurance program policy will likely help the market recover, and will stimulate demand that was previously excluded from the program. With the aforementioned assumptions, the property market is expected to recover in the second half of the year. We expect it will be driven by first-hand properties, with gradual momentum growing into the second-hand market. Given the high base in 2021, the total transaction volume in 2022 is expected to drop by 15% to 18%. Overall average home prices will likely reach the bottom by 1H and start to recover by 2H, and we hold growth expectations at between 0% and 3% for 2022.”

Please click here to download photos.

Image 1
Left: Keith Chan, Director, Head of Research, Hong Kong, Cushman and Wakefield
Right: Edgar Lai, Director, Valuation and Advisory, Hong Kong, Cushman & Wakefield

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 with approximately 50,000 employees in over 400 offices and 60 countries. Across Greater China, 22 offices are servicing the local market. The company won four of the top awards in the Euromoney Survey 2017, 2018 and 2020 in the categories of Overall, Agency Letting/Sales, Valuation and Research in China. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china).

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

*SCAPE Streamer Residency To Power Up Singapore’s Streamer Community

From over 100 aspiring streamers, 12 content creators to graduate and represent *SCAPE as ambassadors

SINGAPORE – Media OutReach – 10 March 2022 – 12 aspiring streamers, from a project manager to freelance musician, have been selected from over 100 youth content creators to represent *SCAPE as their ambassadors. With the opportunity to be mentored by veteran Twitch streamers, the streamers are pursuing their passion professionally as part of the new *SCAPE Streamer Residency.

After three months of intensive training, the 12 mentees are set to graduate on 12 March. The Streamer Residency Graduation ceremony will be livestreamed at 11am on the *SCAPEesports Twitch Channel. Members of the public can also follow their transformative journey to be professional streamers through The Pathway Season 2, a weekly video series available at www.scape.sg/streamerresidency.

Organised and developed by youth-focused organisation *SCAPE, the Streamer Residency is a holistic two-tiered programme and the latest initiative in its efforts to support and grow the community. Curated based on the needs of Singapore streamers and an extension of its highly successful Pathway Mentorship Programme, the residency offers networking opportunities for young streamers while providing expert resources and in-depth coaching from industry veterans to onboard them with the skillsets to be a professional content creator. The inaugural edition began on 10 December 2021 and will complete on 12 March 2022.

With a 3-day EXP Camp in December leading up to a two-month long Pathway Mentorship Programme, youths can look forward to a series of fun and educational activities including profiling, expert panel discussions, masterclasses, 1-on-1 mentoring sessions and more.

The programme was open to all youths of 18-35 years old. Registration closed on 28 November 2021.

“Community building is the foundation on which *SCAPE’s programmes are laid upon, and the streamer community is one that *SCAPE is committed to support. Since the onset of the pandemic, we’ve noticed an explosive increase in the number of youths who turned to livestreaming, especially during the Circuit Breaker period,” said Ivy Lim, Executive Director of *SCAPE.

Interactive livestreaming service Twitch currently sees 8 million unique creators streaming each month to an average of 31 million viewers daily. In 2021, it reported over 1.3 trillion minutes watched on the service.

“The Streamer Residency programme marks an important milestone in our continuous efforts to provide opportunities and platforms to develop our aspiring streamers, as well as bring together the different ‘ingredients’ that will help them thrive soft skills, networking opportunities, as well as meeting and learning directly from their peers,” added Ivy.

Headstart in the Foundations of a Streamer – EXP Camp

Over 100 registrants underwent an audition process, of which 35 were shortlisted to be eligible for the EXP Camp, the first step of the residency programme. The camp, held from 10 to 12 December 2021, included activities such as personality profiling, team bonding games, as well as working in groups to collaborate on streaming projects.

Participants had the rare opportunity to be directly coached and mentored by one of eight established streamers, including Arthars, Wolfsbanee and sukasblood, in developing a streaming project.

Youths gleaned first-hand insights from the professional streamers through panel discussion topics such as grinding on Twitch, content development, as well as nuances to note between real life and game streaming. Resident *SCAPE Twitch Team members such as skyllabtw, Nutzeru, tanggoz, Davichyyy and Jolyn, shared their past experiences and offered streaming-related tips.

Based on their performance during the camp, the best 12 participants qualified for the next stage, the Pathway Mentorship Programme.

Accelerating success in Professional Streaming – Pathway Mentorship Programme

From January to March 2022, the participants dived into an intensive 2-month talent development programme, the Pathway Mentorship Programme, to equip themselves with the skillsets for professional streaming. The mentees, between the ages of 19 to 31 years old, were from varied backgrounds including students, graphic designers, order fulfilment officers and a music teacher.

With a Pathway Crate (a toolkit worth up to $1,000 of hardware and software for streaming, sponsored by Logitech, Secretlab, Amarggeddon and Monster Energy) in tow, the mentees will be immersed in a weekly series of Masterclasses by local and regional streamers. Topics include building one’s brand personality, how to grow and keep communities, mental and physical health well-being, sponsorships and analytics.

Established local Twitch streamers will be on hand to conduct 1-on-1 weekly mentoring sessions with the participants. To hone their streaming skills, content review sessions and collaboration opportunities will be made available.

Top-performing participants will be able to score a one-year contract with *SCAPE to be part of the *SCAPEesports Twitch team.

This is the second edition of the Pathway Mentorship Programme, the first being held in December 2020. Two of the mentees from its first batch, skyllabtw and tanggoz, subsequently transitioned to streaming professionally.

More information on the *SCAPE Streamer Residency is available at https://www.scape.sg/streamerresidency/.

About *SCAPE

*SCAPE Co., Ltd is a non-profit organisation with its mission and vision rooted in support of youth, talent and leadership development. The organisation aims to facilitate youth-oriented programmes and support within various communities of youth interest in Singapore. The youth of today will be inspired and empowered to DREAM IT AND LIVE IT at *SCAPE!

*SCAPE exists to serve and support youths to live their dreams and realise their full potentials. As the integrated talent and resource hub for young people in Singapore, *SCAPE offers a holistic network of programmes, communities, partners and facilities for youths to explore, create and strive. No dream is too small, no dream is too big. *SCAPE wants youths to be inspired to come forward and share their interests, share their dreams. Through guidance and facilitation, *SCAPE wants to see their dreams turn into ideas, and ideas into reality. Living their dreams should no longer be a dream at *SCAPE.

#SCAPE

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