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Huobi Issued a Declaration in Response to Numerous Public Concerns

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Laotian Times
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SINGAPORE – Media OutReach – 30 January 2023 – Recently, controversy has once again arisen surrounding Huobi and Justin Sun (Yuchen Sun). Since Justin became a member of the Huobi Global Advisory Board, the exchange has made several notable marketing accomplishments, but it has also faced a few public relations crises. In response to the recent spate of controversies, Huobi released an official statement.

Recent posts regarding staff layoffs at Huobi have indicated that the company has taken steps to block internal communication channels on DingTalk to prevent employees from speaking out. These posts also disclosed the extent of the reductions and the way they were implemented, as well as the fact that employees were compensated in stablecoin, highlighting a lack of empathy on the part of Huobi towards its employees.

Huobi has stated that workforce optimization is a measure that companies resort to during difficult economic conditions. The cryptocurrency industry, including Huobi, has seen a series of layoffs in response to the current market downturn. Layoffs are often implemented to safeguard the interests of most employees and ensure the viability of a company. Without such measures, the collapse of a company would result in harm to many individuals. Huobi’s workforce optimization program has been reported to be more favorable compared to industry standards.

The implementation of any policies affecting all employees will be communicated through internal memos or emails. Communication channels between Huobi employees and the human resources department are consistently maintained and accessible.

Huobi has reported that certain accounts have been frozen due to their inability to conduct transactions in a normal manner and display of abnormal behavior. These accounts were observed to frequently trades in Huobi’s new listing tokens, with rapid movement of assets in and out. Upon investigation, it was found that these accounts generated unusual profits and rapidly reversed their gains, consistent with the characteristics of market manipulation tactics known as “rat trading.”

Huobi firmly maintains a stance of zero tolerance towards market manipulation tactics, such as “rat trading”. Under the updated governance framework, the company will continue to conduct comprehensive audits, hold accountable those who are found responsible, and timely disclose relevant information. The strong enforcement measures against rat trading demonstrate Huobi’s dedication to safeguarding the interests of its users.

Yuchen Sun, also known as Justin, stated in a tweet that with regards to security, Huobi has implemented a series of measures to secure users’ funds, including the utilization of cold wallets. This helps mitigate the risk of cyber-attacks or theft of assets. In addition, Huobi employs multi-signature technology and trusted cloud computing to protect user assets, in addition to cold wallets. The use of multi-signature technology requires the involvement of multiple parties in initiating transactions or asset movement, thereby preventing unauthorized tampering.
Hashtag: #Huobi

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

Avery Dennison wins AsiaStar 2022 award for AD CleanFlake

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Laotian Times
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SINGAPORE – Media OutReach – 30 January 2023 – Avery Dennison Corporation (NYSE:AVY), a leader in global materials science and manufacturing, has emerged as the winner under the ‘Eco-Package’ category at the AsiaStar 2022 awards.

Avery Dennison CleanFlake™ collection

Accredited by the Asian Packaging Federation, the AsiaStar Awards are given in recognition of excellence in packaging design in terms of innovation, functionality, graphic appeal, efficiency and environmental performance.

Avery Dennison has been awarded the best environmentally sustainable package for its AD CleanFlake solution. The AD CleanFlake adhesive technology enables the recycling of both polyethylene terephthalate (PET) and high-density polyethylene (HDPE) packaging to help brands meet sustainability targets, comply with regulations, and increase the availability of recycled plastic, resulting in less landfill waste.

During PET recycling, the adhesive deactivates to allow the label to separate cleanly from the container, leaving the plastic free of adhesive residue. During coloured HDPE recycling, the label stays attached, but does not compromise the resulting plastic pellets, due to its mono-material feature.

AD CleanFlake is a part of Sustainable ADvantage, the Avery Dennison portfolio of sustainable label solutions. Learn more at label.averydennison.com.

Hashtag: #AveryDennison #AsiaStarAwards

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

About Avery Dennison Corporation

Avery Dennison Corporation (NYSE: AVY) is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs more than 35,000 employees in more than 50 countries. Reported sales in 2021 were $8.4 billion. Learn more at .

Chinachem Group Confirms to make its Second Purchase in Prime London Office Building for £349.5m

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Laotian Times
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HONG KONG SAR – Media OutReach – 30 January 2023 – Chinachem Group (the “Group”) announced today that it has exchanged contracts for and completed the purchase of One New Street Square with UK-based REIT Landsec, a premium 276,502 sq ft office building in the heart of Central London, at a total consideration of £349.5 million, representing a capital value of £1,264 psf.

One New Street Square

One New Street Square

Completed in 2016, One New Street Square is fully let to Deloitte on a lease expiring in 2036, at a current annual net rent of £16.8m. At the point of completion, it was the first building in the world to achieve both BREEAM Outstanding and WELL Gold certification, featuring a biophilic design that incorporates 6,300 plants and 1,500 sq ft of green walls, as well as landscaped terraces and other sustainable amenities.

This is the second purchase of prime London office building by the Group in the past four months, following the purchase of the Kaleidoscope building in Farringdon in September 2022 for £158.5 million. The two buildings are less than 1km apart in an area of the City of London that is becoming a major hub for legal, TMT and other multinational businesses.

“We’re delighted to have acquired One New Street Square as it is located in the strategic Central London area offering best-in-class building specifications and attractive returns.” said Chinachem Group’s Executive Director and CEO Donald Choi. “This is an important step forward for the Group and we intend to hold the property as a long-term investment.

“While Hong Kong will remain our home, and our core market, we intend to incrementally increase the Group’s exposure in gateway cities of major international markets, so as to fulfil our business diversification objectives and build a resilient, long-term income stream.”

Hashtag: #Chinachem

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

Chinachem Group

Since 1960, Chinachem Group has been a leading property developer in Hong Kong, with a portfolio covering residential, commercial, retail and industrial buildings for sales and investment, in addition to operating hotels, property management as well as healthcare and elderly services. The Group actively seeks to make a positive contribution to society through its adherence to the “Triple Bottom Line”, a commitment that its activities will benefit People, bring Prosperity to the community and preserve the Planet. Please visit

SIBUR develops proprietary special component for production of rubbers and SBS polymers

By
Laotian Times
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MOSCOW, RUSSIA – Media OutReach – 30 January 2023 – SIBUR, the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in the global petrochemicals industry, has completed the development of a proprietary technology for the production of n-Butyllithium, a polymerisation initiator for the production of synthetic rubbers and SBS polymers.

Rubbers and SBS polymers made using n-Butyllithium offer increased resistance to abrasion, more flexibility and a greater ability to recover after deformation, among other features, which have a positive impact on the consumer appeal of the end product – car tyres, shoe soles, etc. In the future, SIBUR plans to make enough of the component to meet its needs; notably, the Company has not ruled out the possibility of building its own facility to manufacture the component at one of its production sites.

“We started by reproducing a well-known 20th-century technology that remains widely used in the United States, Europe and China. In the course of their work, however, our experts tested a number of hypotheses and optimised the technology for the production of n-Butyllithium by reducing the number of stages and the amount of equipment involved, which will make production much more cost-effective overall”, said Maxim Lipskikh, head of the plasticiser laboratory at NIOST, SIBUR’s research and development centre.

All stages – from the laboratory phase to the completion of the first pilot tests – were completed in just seven months. The technology developed by SIBUR’s scientists makes it possible to manufacture a product of the required quality that is in line with global benchmarks.

Elastomers based on synthetic rubbers are used in the road, footwear and tyre industries. In addition, Butyllithium is a valuable component in the organic synthesis of active pharmaceutical ingredients and is used in the production of agrochemicals and electronics.

Hashtag: #SIBUR

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

About SIBUR

SIBUR is Russia’s largest integrated petrochemical company and one of the fastest growing global petrochemical players, with approximately 50,000 employees. The Company’s unique vertically integrated business model enables it to deliver highly competitive products used in the consumer goods and automotive industries, as well as construction, energy, chemistry and other industries across 100 countries.

SIBUR helps to reduce CO2 emissions stemming from the burning of oil and gas extraction by-products by processing them into valuable petrochemical products.

Learn more at:

TECNO unveils ‘Pioneers – Beyond Extraordinary’, a campaign featuring Indians who have made their mark globally

By
Laotian Times
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NEW DELHI, INDIA – Media OutReach – 30 January 2023 – TECNO, an innovative technology brand recently launched the Phantom X2 series, making its entry into the premium segment. To mark the launch of Phantom X2 Pro in India, designed to redefine your smartphone experience, the brand has unveiled a campaign Pioneers Beyond Extraordinary, featuring Indians who have marked their name on the global map from the field of cosmetics, music, literature, art, and fashion.

The campaign through a series of videos showcases the journey of five industry pioneers, their story from being ordinary to becoming an inspiration. Talking in details about the campaign, Arijeet Talapatra, CEO, TECNO Mobile India said, PHANTOM X2 Pro offers the World’s First Retractable portrait camera, providing beyond-the-extraordinary experience to customers for whom their smartphone is the primary gadget for professional photography on the go.”

Stalwarts featured in the campaign include Diipa, founder of indē wild; Arjuna, a world-famous Bollywood composer; Ann, a bestselling author and social activist; Dev, a versatile Gen-Z pioneer and Ajmal, a fashion entrepreneur.

Diipa Büller-Khosla, is the leading Indian Global fashion and beauty influencer who is settled in Amsterdam. She is the founder of the international cosmetics brand indē wild. And also runs the NGO Post for Change, which brings together the immense reach of social media influencers, their online platforms, the online generation, and the power of social media to achieve social change. She invites the celebrities around the world to speak out for India.

Arjuna Harjai is a Bollywood composer, singer, and YouTube Million creator. Relocating to the UK, he makes India’s voice heard in the world through music.

Ann D’Silva, a bestselling Indian author in Istanbul and pioneering social activist who focuses on women’s empowerment, represents the voice of modern India in the world.

Dev Raiyani, a pioneer of Indian Gen-Z, is a creator, musician, and also expert in software programming, making the world feel the power of his generation.

Ajmal Khan, a model who debuted in India but then came to Dubai alone to establish his own brand, has successfully made his way to the international stage and become an Indian fashion entrepreneur.

Excelling in different fields Indian elites are influencing the world in various ways with creativity. From the ordinary to the elite, from the elite to the legend, PHANTOM shares the pioneering spirit of elites and will keep moving forward.

The highlighted key segment-first features, like the World’s first retractable portrait lens for pure optical bokeh; the World’s first MediaTek Dimensity 9000 5G chipset based on 4-nanometer fabrication and the World’s first moon-crated inspired camera design.

TECNO is a premium smartphone brand from TRANSSION Holdings. With brand essence “Stop at Nothing”, TECNO is committed to unlocking the best contemporary technologies for progressive individuals. TECNO’s portfolio in over 60 emerging markets across the world. For more information, please visit https://www.tecno-mobile.in/home/#/

Hashtag: #TECNO

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

TikTok Reps Visit Laos to Promote Online Safety

By
Laotian Times
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TikTok representatives visited Laos.

Representatives of TikTok Pte. Ltd. visited Laos recently to promote online safety and appropriate content creation, providing training for Lao officials.

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Thai Railway Delegation Visits Laos for Transportation Discussions

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Laotian Times
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Thai Railway Delegation Visits Laos for Transportation Discussions

A delegation from Thailand’s railway and customs departments visited Laos on Thursday to discuss ways to further cooperation in cross-border transportation, including links to China.

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Laos Featured in Australian Travel Publication Among Best Places to Visit in 2023

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Laotian Times
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The city of Vang Vieng. ( Photo: Twitter/ Holamon.cat).

Laos has been listed by an Australian travel publication as one of the best places to visit this year.

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