Successfully Showcases in eCommerce Expo Asia ‧ Singapore

SINGAPORE – Media OutReach Newswire – 10 October 2024 – eft Payments (Asia) Limited (“eftPay“), one of the leading e-Payment services providers in Hong Kong, joins forces with MobiShop, the Software-as-a-Service (SaaS) e-commerce solutions provider, to offer consummate service for merchants to establish their online shops from ground zero.

eftPay and MobiShop demonstrated the successful SaaS e-commerce solutions at eCommerce Expo Asia, a hub showcasing cutting-edge retail and marketing technologies and trends at the Marina Bay Sands Expo and Convention Centre in Singapore. The duo demonstrated how the service can aid merchants to grow their budding online businesses to meet the ever-changing consumer demand, and to navigate the growingly competitive market landscape.

With extensive coverage of e-wallets and e-payment platforms, eftPay provides merchants with a wide range of payment functions designed to meet the diverse needs of various customer segments. Supported by MobiShop, merchants can also painlessly administer their businesses in simple interface, which includes inventories and transactions, all via back-end management system in one stop motion. Furthermore, MobiShop collaborates with the logistic service providers to offer delivery support to merchants, thereby enhancing efficiency of business processes holistically.

Leveraging expertise and innovation, eftPay is committed to broadening business scenarios for the application of e-Payments, while connecting with growing number of oversea wallets and payment platforms. To capitalize on the international market opportunities, the Company actively explores diverse projects to export unique solutions and services worldwide.

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Hashtag: #eftPay #易付達亞洲 #MobiShop

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

eft Payments (Asia) Limited

eftPay is one of the leading e-Payment services providers in Hong Kong, providing comprehensive e-Payment services to merchants with over a decade of experiences, including account opening, point of sale system and integration of payment system, transaction processing and payment settlement services. Currently, eftPay serves a wide range of merchants in Hong Kong, including well-known local jewelry chains, electrical appliances stores, makeup and beauty stores, clothing stores, food and beverage, theme parks, convenience stores and supermarkets. Website: http://www.eftpay.com.hk/

BANGKOK, THAILAND – Media OutReach Newswire – 10 October 2024 – Siam Paragon reaffirms its positioning as a leading ‘global luxury destination’ and the top-of-mind destination for both Thai and international visitors. In collaboration with key partners in Thailand’s vibrant business ecosystem, Siam Paragon recently showcased the country’s boundless potential to be a world-class fashion hub with the highly-anticipated “Siam Paragon Bangkok International Fashion Week 2024” (BIFW2024). This prestigious event brought together renowned Thai designers and top designers from Asia, from October 2-6, 2024, at Parc Paragon, Siam Paragon. Under the theme, “Envision the Future,” the event aimed to propel Thai fashion into an even more promising future.

Thanaporn Tantiyanon, Head of Business Unit at Siam Paragon, stated, “Siam Paragon has consistently supported the Thai fashion industry by hosting BIFW, the top fashion runway in Thailand and Southeast Asia, for 17 consecutive years. This platform provides opportunities for Thai designers to showcase their creative talents while also giving rising designers a great chance to showcase their work. Importantly, our goal is to strengthen the Thai fashion ecosystem, foster economic value, and generate thriving economic activities for the fashion value chain. This year, BIFW2024 centered around the theme ‘Envision the Future,‘ with a strong focus on the future of fashion and sustainability. We are committed to being a driving force in shaping and steering the fashion industry forward to success and sustainability.”

Siam Paragon, as a ‘world-class luxury destination’, also serves as a premier platform for both international luxury brands and Thai entrepreneurs to showcase their finest offerings. The wide range of luxury names available has been exceptionally well received among luxury customer segment, driving impressive sales and achieving remarkable growth rates that rank among the highest achievers globally. This success amplifies Siam Paragon’s status as a true luxury destination. This October, alongside the exquisite fashion shows on the BIFW2024 grand runway, world-renowned luxury fashion brands will also host exclusive activities. These include special events such as Bulgari’s Eternally Reborn exhibition to mark the brand’s 140th Anniversary that showcases historic and iconic pieces as part of the world’s exclusive showcase hosted at only 7 countries worldwide. The exhibition runs from 1-27 October 2024 exclusively at Siam Paragon. Gucci Thailand High-End Event, held from October 2-6, 2024, at the Gucci Women Store on the M floor of Siam Paragon. During this event, Gucci is presenting unique products specially curated for the occasion, providing attendees with an exclusive luxury experience. Additionally featured at Siam Paragon are the first pop-up shop in Thailand by Roger Vivier, and a brand-new pop-up shop by Miu Miu.

“Siam Paragon Bangkok International Fashion Week 2024” redefines luxury experiences for multi-dimensional lifestyle, embracing the concept of ‘Luxury for All.‘ The event features 15 fashion shows that highlight creative excellence, celebrating the latest collections from both leading Thai labels and renowned international brands. In addition, it was the biggest gatherings of Thai and international celebrities and influencers, both on the grand runway and the front row.

Absolute Siam x Dry Clean Only x AJOBYAJO – Absolute Siam, a multi-brand store showcasing the creativity of Thai street fashion, in a special collaboration with the renowned Thai streetwear brand Dry Clean Only and the emerging Korean brand AJOBYAJO to present an Asian-inspired fusion of street and sporty wear. ASAVA, led by the acclaimed designer Moo-Polpat Asavaprapha, will present a collection that embodies the essence of femininity through simple, minimalist designs that blend timeless elegance. FLYNOW, a legendary Thai fashion brand celebrated for its distinctive design approach and spectacular fashion show, will unveil an extraordinary collection under the creative direction Somchai Songwattana.

ISSUE presented by GC – ISSUE, a unique brand by Bhubawit Kritpholnara will present captivating “SAMSARA.” collection, This main collection explores the cycle of life through the Buddhist philosophy of “Paticcasamuppada” (The Law of Dependent Origination), expressed through the concept of ‘Time’ as an avatar of Lord Shiva. It beautifully reflects the overall picture of life filled with happiness and suffering in harmony. Speically, ISSUE has partnered with GC, or PTT Global Chemical Public Company Limited, to unveil a limited-edition collection of unique clothing and accessories created from the plastic waste management expertise. Used PET plastic bottles were recycled into fibers, featuring distinctive patterns that reflect the unique identity of Bang Krachao community.

KLOSET, led by Mollika Ruangkritya and Nat Mangkang, will present a highly anticipated fashion show that transforms the runway into a ‘Kloset Hotel.’ This unique setting invites young men and women to explore fresh experiences, featuring clothing that perfectly captures the essence and vibe of the 1970s.

For Leisure Projects presented by CITIZEN, Nat Kanokvaleewong introduces the concept of “Dancing under the Moonlight,” inspired by the iconic full moon party on Koh Phangan, Surat Thani Province. This inspiration is reimagined into a tropical winter collection that will be showcased alongside CITIZEN Tsuyosa Collection, a collection of classic yet colorful timepiece.

For MOO Bangkok, Moo-Polpat Asavaprapha will showcase a collection that embodies the brand’s signature urban casual menswear. This collection captures the lively essence of countryman, blending elements of preppy, vintage, and uniform aesthetics. The result is a range of simple yet charming outfits, infused with a playful spirit and contemporary coolness, designed for effortless everyday wear.

NAGARA, by Nagara Sambandaraksa, presents “Timeless Threads: Silk Stories,” a collection that celebrates the traditional Japanese art of silk tie-dyeing. Each piece in the collection is infused with the essence of art and cultural heritage, showcasing the beauty of intricate patterns that narrate stories of nature, culture, and masterful craftsmanship.

PAINKILLER Atelier, led by Siriorn Teankaprasith, unveils the “Hilltribe Residency” collection. This collection blends the traditional clothing of various ethnic groups from the mountainous regions of Northern Thailand with contemporary urban fashion and streetwear.

For POEM presented by MERZ AESTHETICS, led by the talented designer Chavanon Caisiri, the collection draws inspiration from the legendary tale of Sirens and Sailors. It reflects the multi-dimensional nature of modern women.

TandT presented by TAT, designed by Thanawut Thanasarnvimon, explore a world of imagination with the enchanting collection, “My Sleepy Bedtime Friends / In The Middle Of The Night.” This collection tells the story of a ‘Magic’ through magician who lulls you into a sleep filled with dreams, expressed through a blend of feminine and masculine elements. The pieces feature the brand’s signature hand-crafted rose technique, conjuring flowers like magic, and the ruched technique, creating flowing ruffles reminiscent of theater curtains. Additionally, the audience will discover the special collection of T-shirts created in collaboration with the Tourism Authority of Thailand, featuring various designs that capture the charm and magic of Thailand.

VICKTEERUT, led by Aurapraphan Sudhinaraset, presents “Eclipse,” a collection that captures the moment when the shadow of an eclipse descends, enveloping everything in darkness and silence. This mysterious period is imbued with an indescribable, romantic atmosphere, evoking the longing for love that resides within us all.

27FRIDAY proudly presents “WE ARE ALL HUMAN,” a collection celebrating the 60th birthday of designer and brand owner Chanachai Chariyathana, as well as the 35th anniversary of his illustrious career in fashion. This show emphasizes that “fashion” goes beyond the boundaries of gender, age, and status, highlighting the belief that every individual has a unique value.

The BIFW2024 grand runway this year also welcomed renowned Asian brand LIE SANGBONG, led by legendary Korean designer Lie Sangbong. He showcased the latest collection titled “Coexistence: Architecture & Humanity,” which harmoniously blends the elegance of traditional Korean architecture with the refined aesthetics of contemporary fashion. Moreover, FRIENDS OF SHANGHAI TANG, designed by Joe Li, invited creative individuals who have played a role in shaping the brand’s uniqueness to join in celebrating the 30th anniversary of the brand, which was founded in the Year of the Dragon. This collection reflects the aesthetics of modern Asia, contemporary beauty, and timeless luxury. It draws inspiration from the concept of ‘extraordinary every day.’

BIFW2024 was a remarkable collaboration among partners from various sectors across Siam Piwat’s robust ecosystem, involving both government and private entities. Key partners include the Tourism Authority of Thailand (TAT), KASIKORNBANK Public Company Limited, Merz Aesthetics (Thailand) Company Limited, PTT Global Chemical Public Company Limited (GC), Citizen, M.A.C Cosmetics (Thailand), Epson, Chivas The Blend, Absolut It’s in our Spirit, Nesvita, Paul Mitchell hair products, KTC (Korea Thailand Communication Center), and Chatrium Grand Bangkok Hotel.
Hashtag: #SiamParagonBIFW2024 #SiamParagon

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

SINGAPORE – Media OutReach Newswire – 10 October 2024 – Explico Pte Ltd, a local company leading AI assessment platform for PSLE education in Singapore, is thrilled to announce a strategic partnership with AvantGard GRUPO EDUCATIVO, a renowned educational institution in Peru. This collaboration marks a significant milestone in the advancement of education technology in South America, promising to drive innovation, foster research, and elevate academic excellence.

The partnership between Explico and AvantGard GRUPO EDUCATIVO is underpinned by a shared commitment to empowering students and educators with cutting-edge tools and resources. By leveraging Explico’s expertise in education technology and AvantGard GRUPO EDUCATIVO’s deep understanding of the South American education landscape, the collaboration aims to create personalized, engaging, and effective learning experiences.

Key Highlights of the Partnership:

Signed Agreement: Explico and AvantGard GRUPO EDUCATIVO have formally signed a collaboration agreement, outlining the scope, objectives, and timeline of the partnership.

Full Launch: The full-scale launch of the Explico platform is planned for January 2025, targeting over 180 existing schools within the AvantGard GRUPO EDUCATIVO network in South America. This expansion will bring the benefits of Explico’s innovative education technology solutions to a wider audience.

The Power of Personalized Learning

One of the core objectives of this partnership is to revolutionize the learning experience through personalized education. Explico’s platform is designed to adapt to the individual needs and learning styles of each student, providing tailored content, assessments, and feedback. By leveraging advanced data analytics and artificial intelligence, Explico can identify knowledge gaps, track progress, and recommend personalized learning paths.

Empowering Teachers with Technology

In addition to personalized learning, the partnership will also focus on empowering teachers with the tools and resources they need to deliver effective instruction. Explico’s platform offers a range of features to support teachers, including lesson planning tools, digital content libraries, class chats, useful student reports and collaborative platforms. By providing teachers with access to innovative technology, the partnership aims to enhance their professional development and improve teaching outcomes.

Driving Innovation and Research

The collaboration between Explico and AvantGard GRUPO EDUCATIVO will also foster innovation and research in the field of education technology. By working together, the partners will explore new approaches to teaching and learning, develop cutting-edge educational tools, and contribute to the advancement of the education technology industry.

A Bright Future for Education in South America

The partnership between Explico and AvantGard GRUPO EDUCATIVO represents a significant step forward in the transformation of education in South America. By combining Explico’s innovative technology with AvantGard GRUPO EDUCATIVO’s deep understanding of the region’s educational needs, the collaboration has the potential to create a more equitable, inclusive, and effective education system.

As the partnership progresses, Explico and AvantGard GRUPO EDUCATIVO are committed to monitoring and evaluating the impact of their collaboration on student outcomes, teacher satisfaction, and overall educational quality. The goal is to ensure that the partnership is delivering on its promise to revolutionize education in South America.
Hashtag: #Explico

https://www.explico.sg

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

About Explico

Explico is an online based assessment and learning platform using AI and Machine Learning that helps students to identify their academic strengths and weaknesses. Explico is able to measure students’ learning outcomes based on subject, topic, concepts, and sub-concepts.

Explico conducts regular live lessons conducted by experienced teachers with decades of experience. Explico also has over 1000 pre-recorded lessons on various topics and subtopics.

Explico was founded and is constantly being developed by a team with more than 30 years of collective experience in education, schools, and a variety of academic institutions.

Located inside AEON Mall Huế – The First AEON Mall in the City

“We are thrilled to open our first store in Huế, a city rich in cultural heritage and youthful spirit. At H&M, we constantly challenge conventions to make fashion more inclusive, accessible, and sustainable. This store represents our commitment to bringing diverse, affordable, and innovative fashion to the people of Huế, empowering them to celebrate their individuality and express themselves with confidence.” by Frankie Shadbolt, Sales Manager for Southeast Asia

Bringing Fashion to the Cultural Heart of Vietnam

Sustainability and Innovation at the Core

“Every store is unique and designed with our customers in mind. This is not just about fashion, it’s also about community. We aim to offer more than just fashion, but also a space where people can express themselves in a world of elevated products and experiences. And we are excited to bring this to Huế.” by Frankie Shadbolt, Sales Manager for Southeast Asia

Opening Day Specials

Hashtag: #HMVietnam

https://www2.hm.com/vi_vn/index.html

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

H&M

H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. H&M’s business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the group includes the brands COS, Monki, Weekday, & Other Stories, H&M HOME and ARKET as well as Afound. For further information, visit hmgroup.com.

HONG KONG SAR – Media OutReach Newswire – 10 October 2024 – Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions, and hinges/positioning technology, has extended its line of multi-point latching systems to include a new solution designed for insulated doors up to four inches (100mm) thick. Southco’s new M4 Modular Latching System meets the increasing demands of HVAC applications by providing a versatile solution for thick, insulated, and pressurized doors.

The new M4 Modular Latching System is highly adjustable and accounts for dimensional variations in enclosure panels. The latch dimensions and materials minimize thermal conductivity through the panel, and prevent deflection of the panel during installation. The adjustable rod system enables all latches along the door to completely close, ensuring proper sealing and improving safety for maintenance technicians.

The M4 Modular Latching System is designed to accommodate several locking options and design requirements. Its plastic handle can be configured with padlocking, key locking or tool locking options, while single point or multi-point latching can be configured with adjustable cams, a pressure release bracket, and an internal release handle.

Global Product Manager Nick Bennett adds, “The M4 Modular Latching System meets the growing needs of the HVAC industry for a versatile latching system that won’t diminish the insulation of thick doors. Southco’s new modular latching system offers versatile configuration options to support a wide range of applications.”

For more information about the functionality of M4 Modular Latching Systems, please visit www.southco.com/M4-Modular-Latching-System or email the 24/7 customer service department at info@southco.com.

Hashtag: #southco #latchingsolutions #HVAC #touchpoint

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

About Southco

Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 70 years, Southco has helped the world’s most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a dedicated global team, Southco delivers the broadest portfolio of premium access solutions available to equipment designers throughout the world.

DUBAI, UAE – Media OutReach Newswire – 10 October 2024 – JustMarkets, a global leader in trading, has successfully completed its participation in Forex Expo Dubai 2024, one of the largest and most prestigious events in the online trading industry. The event was held during 7-8th October and attracted more than 20,000 visitors, more than 200 exhibitors and 5,000 Forex companies. JustMarkets had its own stand at the exhibition, which enjoyed great popularity and attention of visitors.

But the most essential and exciting event at the exhibition was the awarding of JustMarkets as the Most Reliable Broker 2024. Our team has worked hard to improve our products and services to make this award possible.

A representative of JustMarkets was one of the speakers at the conference, mentioning the key macroeconomic and geopolitical events of recent years, describing the company’s vision for the future of online trading and trending assets and trends in 2025.

At Forex Expo Dubai, JustMarkets representatives highlighted three key advantages that make the broker’s services especially valuable to clients:

1. Competitive Spreads: JustMarkets offers some of the most competitive spreads in the market on 90% of trading instruments, including forex, cryptocurrency, metals, commodities, stocks and indices. In total, traders can trade more than 260 trading instruments across markets with the company’s efficient trading products.
2. Flexible Leverage: JustMarkets provides traders with one of the highest leverages in the industry. Traders can take advantage of leverage up to 1:3000 to maximize trading potential and open larger positions with a relatively small initial investment.
3. Local Payment Solutions: JustMarkets offers a wide range of local payment methods with several backup solutions for deposits and withdrawals. JustMarkets understands the importance of full and comfortable management of clients’ capital and provides all the options for this.

Dubai Expo has provided visitors with the opportunity to interact with the JustMarkets team, learn about the platform’s innovative trading solutions, and participate in interactive discussions on new financial trends and trends of 2025. Visitors were particularly interested in the innovative features and customized solutions that JustMarkets offers its clients in mobile trading.

“We also understand that today’s traders want more than just good conditions – they want effective tools to trade anytime, anywhere. That’s why JustMarkets has invested heavily in developing a mobile app that makes trading easier than ever.

Our mobile app offers: real-time chart analysis; instant market updates; the ability to quickly open and close trades; uninterrupted deposit and withdrawal functions. For today’s trader, time is everything, and the ability to analyze the market, make trading decisions is essential for long-term success.”

In addition to an exciting presentation, JustMarkets representatives held a special competition for newcomers to the exhibition. Visitors were able to learn the basics of online trading using the user-friendly JustMarkets platform with competitive trading conditions.

Forex Expo Dubai 2024 was a great opportunity for JustMarkets to connect with clients and partners from all over the world, and to share its vision for the future of the dynamic online trading industry. JustMarkets continues to lead the trading industry and is focused on expanding the range and quality of its products, as customer satisfaction and efficiency remains the key task of the broker.
Hashtag: #JustMarkets #ForexExpoDubai2024 #Trading #CFD #Broker2024

https://justmarkets.com/
https://www.linkedin.com/company/justmarketsofficial/
https://x.com/JustMarkets_
https://www.facebook.com/JustMarketsComOfficial
https://www.instagram.com/justmarkets.official/
https://www.youtube.com/@justmarkets.official
https://t.me/JustMarketsOfficial

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

About JustMarkets

JustMarkets is a globally recognized multi-asset broker providing reliable and transparent trading services since 2012. The company has earned over 50 industry awards, highlighting its excellence in the financial sector. JustMarkets offers a diverse array of trading instruments, including forex, stocks, commodities, indices, metals, energies, and cryptocurrencies, serving clients in over 160 countries.

The company is renowned for its competitive pricing, featuring low spreads and zero commissions. JustMarkets caters to both new and experienced traders by providing a wide range of services designed to enhance their trading experience.

SINGAPORE – Media OutReach Newswire – 10 October 2024 – Twist Media, a leading event company in Singapore, is excited to mark its 10th anniversary, celebrating a decade of delivering top-tier corporate events. Since its inception, Twist Media has built a reputation for crafting unique, memorable experiences for clients across a variety of industries. To celebrate this impressive milestone, Twist Media recently hosted a special event, bringing together team members, partners, and clients to reflect on the company’s journey. The evening was filled with joy and appreciation, offering a chance to reconnect with those who have played a key role in their success.

Reaching this impressive milestone underscores Twist Media’s consistent growth and unwavering commitment to client satisfaction. Over the years, the company has been recognised for its outstanding event management with multiple awards. In the past year alone, Twist Media received the Silver award for Best B2B Event (Conferences/Meetings/Seminars), the Silver award for Best Hybrid Event (B2B), and the Bronze award for Best Digital Integration. They also received the Gold award for Best Event in the Government Sector. Winning these accolades demonstrates how, over the years, Twist Media has effectively harnessed technology through their events. This recognition highlights their expertise in hybrid event planning, technology integration, and brand activation, showcasing their comprehensive service offerings that cater to both the government and private sectors.

Twist Media’s ability to stay ahead of industry trends has played a key role in its success. While the global COVID-19 pandemic presented significant challenges, the company adapted quickly, expanding its services to include live streaming, virtual event management, and hybrid event solutions. However, it is the company’s long-term dedication to innovation and service excellence, rather than short-term adaptability, that has solidified its position as an industry leader.

Starting from a small team, Twist Media has steadily grown into a dynamic organisation of skilled professionals, expanding their capabilities and expertise over the years. The scale of their projects has also expanded, now managing everything from national campaigns to high-profile international events attended by dignitaries, including presidents and ministers. Conferences have become a significant part of their service offerings, with the company excelling in planning and executing large-scale conferences that meet the diverse needs of corporate clients.

Looking ahead, Twist Media remains focused on leading the way as a corporate event planner in Singapore, offering services in virtual event management, hybrid events, and conferences. As the future of events lies in merging online and offline experiences, Twist Media is committed to creating seamless, engaging events that blend both worlds.

For more information, please visit https://twistmedia.sg/.
Hashtag: #TwistMedia

https://twistmedia.sg/

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

Further enhance the Company’s earnings per share and maintain long-term financial stability

HONG KONG SAR – Media OutReach Newswire – 9 October 2024 – Yuexiu Transport Infrastructure Limited (“Yuexiu Transport” or the “Company”; stock code: 01052.HK) announced today that a wholly-owned subsidiary of the Company has entered into an agreement to acquire 55% equity interests in the target company which holds the toll collection rights of Henan Yuexiu Pinglin Expressway Company Limited (the “Target Company”) from Guangzhou Yue Xiu Holdings Limited (“Yue Xiu Group”), the controlling shareholder of the Company, for a total cash consideration of approximately RMB758.45 million. The acquisition is subject to approval by independent shareholders.

The Henan Pinglin Expressway, located in the core development area of the Zhongyuan city cluster, has a toll mileage of 106.45 km. It is an important component of the G36 Nanjing-Luoyang Expressway, one of the 18 east-west trunk lines of the national “71118” expressway network, and also one of the main logistics roads connecting the northwestern China and coastal region in southeastern China. The expressway has been in operation for over 18 years since it commenced operation in 2006, with a mature and stable surrounding expressway network.

Given its geographical advantage, Yuexiu Transport believes that the Henan Pinglin Expressway will continue to benefit from the national “Rise of Central China” regional development plan. The Company is optimistic about the long-term economic development in Central China, and the acquisition of the Henan Pinglin Expressway aligns with the Company’s strategy to expand its business footprint in the region and will help the Company further seize opportunities from the “Rise of Central China” plan. Additionally, as the Henan Pinglin Expressway is near the Weixu Expressway and the Lanwei Expressway, which are operated by the Company, a unified operation and management and a district management model would enable to achieve economies of scale and enhance management efficiency.

The Target Company is in good financial position and recorded a profit of RMB119.12 million in the first year after obtaining the toll collection rights of the Henan Pinglin Expressway in February 2023. For the seven months ended 31 July 2024, the Target Company’s revenue was RMB303.52 million and after-tax profit was RMB80.40 million. Upon completion of the acquisition, the Henan Pinglin Expressway is expected to bring enhanced cash flow and profits to the Yuexiu Transport, add momentum to the growth of the Company’s toll revenue and profit, and increase the Company’s earnings per share.

Yuexiu Transport believes that the acquisition of the Henan Pinglin Expressway aligns with the Company’s investment and development strategy of “focusing on the Guangdong-Hong Kong-Macao Greater Bay Area and Central China”. Meanwhile, the Henan Pinglin Expressway will create economies of scale with the Weixu Expressway and the Lanwei Expressway in Central China, directly contributing to the Company’s toll revenue and profit, expanding the Company’s operating scale and enhancing its sustainable development capabilities.

Looking ahead, Yuexiu Transport will continue to refine its integrated business strategy of “investment, financing, operation, and divestment”. By establishing an incubation platform to secure quality assets and leveraging the domestic infrastructure REITs platform, the Company aims to dynamically adjust and continuously optimize its asset portfolio through the synergistic interaction between the incubation platform, infrastructure REITs platform and listed company platform, and strives to create greater value for shareholders.

Hashtag: #YuexiuTransport

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