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G-P Delivers New AI Advancements and Expands AI Innovation Across Employer of Record (EOR) and Global Employment Products

G-P’s new Generative AI (GenAI) and Agentic AI-powered technology will transform how HR and business leaders approach global employment

BOSTON, Feb. 3, 2025 /PRNewswire/ — REMOTE FIRST COMPANY – G-P (Globalization Partners), recognized as the undisputed leader in global employment by industry analysts, today announced new AI advancements and integrated AI technology across G-P’s global employment products. With its latest AI innovations, G-P is setting a new standard for global employment that enables businesses worldwide to hire, onboard and manage global teams faster and more intelligently than ever before.

G-P’s global employment products – G-P Employer of Record, G-P Contractor and G-P Gia™ – are designed to help customers quickly and compliantly navigate the complexities of global employment in 180+ countries. Built on more than a decade of global employment, HR and legal expertise, the company’s technology and innovations are powered by a proprietary knowledge base with insights extracted from millions of real-world scenarios.

“At G-P, we’re leading global employment with the most advanced technology and AI innovation that delivers real business value to customers,” said Nat Natarajan, chief product and strategy officer, G-P. “The combination of our over 10 years of transactional compliance data and human expertise, along with our AI technology, ensures customers can trust our cutting-edge solutions to meet the demands of today’s dynamic global business landscape.”

With AI embedded across its global employment products, G-P equips organizations with the most dynamic AI tools to navigate global employment across the full employment lifecycle. All of G-P’s technology is powered by G-P’s Global Compliance Engine. As the backbone of G-P’s global employment products, it delivers smart compliance by country and business context capable of processing complex compliance queries on demand to power global growth.

G-P also provides contextual support throughout G-P EOR and G-P Contractor with G-P Assist, an advanced, contextually aware AI that provides expert and nuanced guidance and support throughout the user journey. G-P Assist draws on G-P’s proprietary expertise to generate

relevant insights and guidance. Whether it’s navigating workflows, onboarding professionals or accessing on-demand assistance, G-P Assist offers a seamless, user-friendly experience, integrated directly into the platform, accelerating and simplifying the global employment experience.

The latest AI advancements across EOR and Contractor bring automation and intelligence to streamline work and empower HR teams to be more strategic, including:

  • G-P Assist Customer Help Center: The Customer Help Center powered by G-P Assist provides 24/7 guidance with a responsive AI chat experience and AI-powered search, enabling customers to ask questions and receive immediate answers about labor laws, benefits, compliance and best practices across the globe in real-time for faster, more efficient support.
  • Contractor Classification: Employees are often erroneously misclassified as contractors because global employment laws are complex. This common mistake can create unnecessary risk for companies doing business globally. Contractor Classification uses AI to assess contracts and can accurately detect when a proposed contractor would actually be operating as an employee, allowing the user to take corrective actions before exposing their company to misclassification risks.
  • Coming Soon – Agentic AI Reporting & Analytics: G-P Assist’s agentic AI reporting feature empowers customers to quickly generate accurate, customized reports with simple, natural language requests—saving time, reducing errors and enabling faster, data-driven decision-making for our customers.

With a long-standing investment in AI, G-P’s unique, patent-pending approach integrates Large Language Models (LLMs) with Knowledge Graphs and a proprietary Knowledge Management system, diving deep into data and providing nuanced and relevant insights that go beyond surface-level information. G-P has introduced multiple groundbreaking AI innovations over the last year, including AI-powered global onboarding and the world’s first AI-based global HR compliance advisor, G-P Gia.

G-P Gia helps companies efficiently and compliantly navigate global employment complexities, cutting compliance costs and time by up to 95%. Harnessing the expertise of G-P’s hundreds of HR, finance and legal professionals, Gia delivers real-time, context-specific information, advice and solutions across the employee lifecycle. Gia benefits companies at any stage of their hiring and global employment journey, regardless of their G-P customer status.

G-P is consistently recognized for its excellence in technology and innovation by leading analyst firms, including winning Best Global Solution in Lighthouse Research & Advisory 2024 HR Tech Awards and for the best advance in unique HR or workforce management technology and best generative AI human resource technology in the Brandon Hall Group Technology Excellence Awards™.

Discover how G-P is shaping the future of work with its industry-leading AI innovation here: www.G-P.com.

About G-P
G-P is the recognized leader in global employment, delivering everything companies of all sizes need to manage the full employee lifecycle. G-P offers a robust suite of products, including the world’s first AI-based global HR compliance advisor, G-P Gia, and AI-enabled Employer of Record (EOR) and Contractor products. G-P supports teams in 180+ countries with more than a decade of global employment experience, the largest team of in-country HR, legal, and compliance experts, and its unmatched proprietary knowledge base.

G-P: Global Made Possible™
To learn more, please visit: g-p.com or connect with us via LinkedIn, X, Facebook or check out our Blog.

Hamad International Airport Opens New Concourse E as Part of Terminal Expansion Project

The first of two new concourses increases the number of overall contact gates by 20% for a smoother, more accessible, and seamless passenger experience.

DOHA, Qatar, Feb. 3, 2025 /PRNewswire/ — Hamad International Airport (DOH) is pleased to announce the opening of Concourse E as part of its latest terminal expansion program. Designed to further elevate the passenger journey, this development prioritises boarding efficiency, reduces reliance on remote gates & buses and incorporates accessibility & sustainability focused design.

New Concourse E at Hamad International Airport (DOH)
New Concourse E at Hamad International Airport (DOH)

The expansion adds 51,000 square meters of space to the airport, featuring eight (8) new contact gates representing a 20% overall addition that enable faster boarding and improved operational efficiency at the World’s Best Airport.

Further development with Concourse D expansion to be announced in a few weeks.

Concourse E features:

  • Advanced Self-Boarding Technology: Enhancing passenger convenience with self-boarding gates that scan boarding passes automatically for a smoother travel experience.
  • Accessibility-Focused Design: Integrated universal design principles including hearing loops, ramps, elevators, and spacious seating areas to ensure ease of mobility for passengers with disabilities.
  • Ergonomic Seating Arrangements: A variety of seating styles with built-in power outlets, catering to passenger comfort.
  • Expanded Retail & Dining Options: A selection of new shopping and dining experiences for all passengers.
  • Sustainable Infrastructure: Featuring cutting-edge energy-efficient systems, innovative water management solutions, and optimized thermal comfort, the concourse reinforces Hamad International Airport’s commitment to sustainability.

Hamad Ali Al-Khater, Chief Operating Officer at Hamad International Airport, commented: “We are thrilled to see this modern concourse come to life, providing our passengers with a more seamless and comfortable travel experience. This expansion reflects our commitment to delivering world-class facilities that emphasize efficiency, accessibility and sustainability. With the launch of Concourse E, travelers can experience the first phase of a transformative expansion aimed at elevating every aspect of their journey. This marks only the beginning, with further developments planned to enhance connectivity, capacity, and the overall experience at Hamad International Airport”.

 

Hamad International Airport, the gateway to Qatar and the world.

For more information, visit Hamad International Airport’s website www.dohahamadairport.com and follow the airport’s latest news on Hamad International Airport’s social media channels:

X: @HIAQatar, Facebook: HIAQatar, Instagram: @HIAQatar, YouTube: @HIAQatar, TikTok: HIAQatar

Hamad International Airport (DOH) Concourse E Infographic
Hamad International Airport (DOH) Concourse E Infographic

Spiber to showcase over 100 new fabrics, including wide range of suiting fabrics and high Brewed Protein™ fiber blends, at Milano Unica debut

YAMAGATA, Japan, Feb. 3, 2025 /PRNewswire/ — Spiber, a pioneer in protein fibers (ISO 2076) produced using fermentation technology, is excited to announce its debut at Milano Unica, taking place from February 4–6, 2025.

Pure Brewed Protein™ pique Composition: 100% Brewed Protein™ fiber Produced by A-girls Credit: Spiber Inc.
Pure Brewed Protein™ pique Composition: 100% Brewed Protein™ fiber Produced by A-girls Credit: Spiber Inc.

At the show, Spiber will unveil over 20 newly developed woven suiting fabrics created in collaboration with Takisada-Nagoya, a Japanese fiber distributor based in Aichi prefecture. Takisada-Nagoya is renowned for its exceptional in-house textile developments, particularly with wool, and is a trusted supplier to both premium global and mass-market brands.

The collection features a wide range of blends containing 10%–50% Brewed Protein™ fiber and includes materials like wool, polyester, and more—ideal for suits and jackets. This unveiling marks a significant milestone for Spiber in showcasing such a versatile and extensive lineup of suiting fabrics.

Brewed Protein™ fiber is highly appealing for its fine diameter, excellent compatibility with worsted fabrics, and its ability to deliver an unparalleled sense of luxury and superior texture. Suit fabrics made with Brewed Protein™ fibers not only embody sustainability but also feature a unique sheen and luxurious feel, setting them apart from traditional materials like silk or cashmere. Recognizing the potential to redefine value in the declining global suit market, we embarked on this initiative to create and promote innovative suit fabrics. Looking ahead, we plan to leverage our global production strengths to explore broader applications for material development beyond suits.” – Ryuichi Tanaka, Takisada-Nagoya Co., Ltd. Menswear Fabric Section 2 Manager

Additionally, Spiber will showcase 40 newly developed Brewed Protein™ blended fabrics, with Brewed Protein™ fiber content ranging from 6%–100%. These fabrics were crafted in partnership with A-girls, a distinguished Japanese textile manufacturer based in Wakayama prefecture, known for its expertise in circular-knit production and artisanal craftsmanship. A-girls’ exceptionally soft, comfortable fabrics have made it a trusted supplier for global luxury brands. Since beginning their collaboration with Spiber in 2023, A-girls has produced an expanding collection of approximately 120 textile designs.

Brewed Protein™ fiber can be compared to a new seasoning in cooking—one that has the potential to transform the dish itself. It is a groundbreaking material that stimulates the creativity of developers, offering the possibility of realizing projects beyond our imagination. Additionally, there is great joy in developing fabrics that are closer to human skin than any material previously available. As a manufacturing company, aiming to eliminate waste and reduce the burden on natural resources and animals aligns perfectly with our philosophy. The unique creativity and cutting-edge development technology that Spiber possesses are indispensable for the future. We have high expectations for Spiber to drive technological innovation not only in the textile field but also in new areas such as medicine and food.” – Tomohiro Yamashita, A-GIRL’S CO., LTD. President

Visitors can explore the full range of Spiber’s showcased textiles at Booth JOB A12. Purchases will be available through Takisada-Nagoya (JOB B09/11) and A-girls (JOB A13), who are also presenting at Milano Unica.

Since its founding in 2007, Spiber has dedicated over 15 years to researching and developing protein materials. This journey culminated in the launch of its first commercial protein polymer production plant in 2021. The company has since partnered with leading domestic and global yarn and textile manufacturers, including Botto Giuseppe e Figli S.p.A., Consinee Group, Filatura Papi Fabio S.p.A., Marzotto Wool Manufacturing Srl, RD Gruppo Florence, Zegna Baruffa Lane Borgosesia, and others. Brewed Protein™ fiber has also been featured in products from renowned brands like Goldwin, the Issey Miyake group, Margaret Howell, sacai, The North Face, Woolrich, and more.

With its versatility and vast potential for diverse applications, Brewed Protein™ fiber represents a groundbreaking material for a sustainable future. Spiber remains committed to driving innovation and expanding its global network of suppliers, working toward solutions that contribute to a better, more sustainable society.

Spiber Inc. 

Established in 2007, Spiber is a biotech venture company based in Yamagata, Japan. Dedicated to creating innovative solutions that contribute to sustainable well-being, Spiber has developed a new material solution inspired by nature’s diversity and circularity: the “Brewed Protein™” material platform. By harnessing the power of precision fermentation, Spiber engineers proteins at the molecular level, resulting in versatile materials that can be tailored to specific needs. This innovative solution opens up new possibilities for sustainable and high-performance materials in various industries, including apparel, food, automotives, and more. Alongside our partners, Spiber is constantly exploring diverse new applications for Brewed Protein™ materials in order to help pave the way for a brighter future. Our passion lies in fostering a circular economy, minimizing our environmental impact, and working together to build a world that is inclusive, fair, and regenerative.

Spiber website: https://spiber.inc/en/

Spiber is a trademark or a registered trademark of Spiber Inc. in Japan and other countries.
Brewed Protein™ is a trademark or a registered trademark of Spiber Inc. in Japan and other countries.

Brewed Protein™ fiber

A premium, plant-based material produced using Spiber’s fermentation (brewing) technology, providing a circular solution and pioneering a new category of protein fibers. Brewed Protein™ fibers can be tailored to offer a silk-like sheen and delicacy, a luxurious smooth feel akin to cashmere, or the loftiness of high-quality wool. Due to its plant-based ingredients and precision fermentation process, Brewed Protein™ fiber has the potential to significantly reduce environmental and animal welfare impacts compared to traditional materials.

MIFF RIDES STRONG MOMENTUM FOR 2025 SHOW KICKSTARTING A NEW FURNITURE BUYING SEASON IN ASIA

KUALA LUMPUR, Malaysia, Feb. 3, 2025 /PRNewswire/ — The countdown is ticking louder to the 2025 furniture season in Asia with the Malaysian International Furniture Fair (MIFF) just five weeks away and exhibitors are excitedly putting the finishing touches on their new launches to welcome global buyers. 

Crowd at the Malaysia International Trade and Exhibition Centre (MITEC) during MIFF's 30th Anniversary edition.
Crowd at the Malaysia International Trade and Exhibition Centre (MITEC) during MIFF’s 30th Anniversary edition.

Buoyed by strong momentum from a surging number of exhibitors and strong visitor interest, floor space is running out at the Malaysia International Trade & Exhibition Centre (MITEC) and World Trade Centre Kuala Lumpur (WTCKL).

The show will take place from March 1 to 4, spanning a gross area of 100,000 square meters across 17 exhibition halls in the two venues.

Renowned as the largest and most global furniture event in Southeast Asia, MIFF 2025 has confirmed close to 700 exhibitors from 12 countries and regions, with the number still increasing.

So far, it has attracted exhibitors from Malaysia, Vietnam, Japan, South Korea, Singapore, Indonesia, Taiwan region, India, Mainland China, Thailand, Hong Kong SAR, and the United States.

Based on its track record, the show expects to welcome 20,000 attendees from 140 countries and regions. Ongoing visitor pre-registrations have already surpassed 8,500 from more than 115 countries and regions.

“It is vital that we remain open and welcoming to professionals from across the globe. By doing so, we can explore new opportunities, stay relevant, and add value to businesses while reinforcing MIFF’s pivotal role in the global supply chain,” said MIFF Founder and Chairman, Dato’ Dr Tan Chin Huat.

With a surge in first- time visitors attending the show in recent years, MIFF is excited to announce the extension of its popular Valued Visitor Privilege (VVP) hosted buyer programme which offers free accommodation to early-bird newcomers.

In addition to the extensive furniture variety, MIFF stands out for its unrivalled showcase of Malaysia’s solid wood furniture and MIFF OFFICE, the region’s biggest collection of workspace solutions.

Many top Malaysian manufacturers have already signed up, including well-known exporters such as Ecomate, Merryfair, Wegmans, Poh Huat, WA Furniture, Favourite Design, Triswift, Inspiwood, SWS, and Johann & Joann.

More sustainable products are making their way into the show and this year’s offerings include furniture made from regenerated oil palm waste, in a collaboration by Japan’s Panasonic Housing Solutions and Shantawood, one of Malaysia’s well-known manufacturers and largest chair producer.

Some of the biggest attractions on the show floor apart from MIFF OFFICE, are the Muar Hall coordinated by the Muar Furniture Association and the designRena Hall showcasing Malaysia’s finest furniture collections.

“The Muar Hall in MIFF is an excellent platform created for our members to expand their brands in the international market. MFA’s plans for 2025 include further enhancing the position of the Muar furniture industry in the international market, promoting sustainable development and diversifying export channels,” said Mr Steve Ong, President of Muar Furniture Association (MFA).

Navigating the venues will be even easier this year with the upgraded MIFF Furniverse App 2.0 as a personal digital assistant to help buyers discover exhibitors and connect with the MIFF community.

The MIFF Furniture Design Competition (MIFF FDC) will crown the best young designer for this year’s theme “The Fashion Inspired Furniture” after a record number of 335 entries. In 2026, FDC becomes more exciting with MFA coming on board as Event Partner with plans to further develop and prototype designs for display at MIFF.

Two other key events are the debut of KL iDesign Week to elevate Asian design on the global stage in a collaboration between MIFF and Guangzhou Design Week, and the return of MFID Awards (My Favourite International Design) for its second year to spotlight exceptional architecture and interior design.

Renowned Forest Research Institute Malaysia (FRIM) and Malaysian Timber Industry Board (MTIB) would be at the show to advance green practices towards the development of sustainable furniture.

To keep updated on MIFF 2025, visit the MIFF website (www.miff.com.my) or for marketing and visiting enquiries, contact the MIFF Team, email: info@miff.com.my. Visitors are encouraged to register by 14 February 2025 for complimentary access to 2 venues. After this date, a fee of RM20.00 will apply.

Notes to Editors

About MIFF (www.miff.com.my)

MIFF is the largest and leading export-oriented furniture trade show in Southeast Asia showcasing the widest collection of Made-in-Malaysia wooden furniture, home furniture and office furniture. Since 1995, MIFF is a one-stop platform connecting a wider community of 20,000+ buyers from 140 countries and regions. MIFF is organised by Informa Markets which is a part of Informa PLC, a leading B2B information services group and the largest B2B event organiser in the world.

TCLE (01070.HK) Achieves Nearly 15% YoY Growth in Global TV Shipment in 2024

Global Shipment of TCL Mini LED TV Surges Almost 200% YoY

HONG KONG, Feb. 3, 2025 /PRNewswire/ — TCL Electronics Holdings Limited (“TCL Electronics” or the “Company”, 01070.HK) is pleased to announce its global shipment data of TCL TV for 2024. Benefiting from the successful implementation of the Company’s “TCL + Falcon” dual brand and “mid-to-high-end + large-screen” strategies, as well as continuous innovation of Mini LED display technology to reinforce its competitive edge, global shipment of TCL TV experienced a year-on-year (“YoY”) growth of 14.8% in 2024, reaching a new record high of 29 million sets. Among which, the global shipment of TCL TV increased by 19.3% YoY and 20.0% quarter-on-quarter (“QoQ”) respectively in the fourth quarter of 2024, demonstrating robust growth momentum.

“Mid-to-High-End + Large-Screen” Trend Continues, Mini LED TV Shipment Further Accelerates, Fully Embracing Intelligent AI

Throughout 2024, TCL Electronics continuously capitalised on the global market trends of larger screen sizes and premium features, maintaining double-digit growth in the shipment of large-screen TV. The global shipment of 65-inch and above TCL TV increased by 21.3% YoY, with its corresponding proportion rising by 1.4 percentage points to 26.0%. The global shipment of 75-inch and above TCL TV saw an even more impressive YoY increase of 39.8%, with its shipment proportion rising by 2.4 percentage points to 13.2%. The average screen size of global shipment of TCL TV increased by 1.3 inches YoY to 52.4 inches.

Simultaneously, TCL Electronics continued to invest in research and development of high-end display and AI intelligent technologies, further enhancing product competitiveness and introducing well-received mid-to-high-end display products. In 2024, the global shipment of TCL QLED TV increased by 69.5% YoY, while the global shipment of TCL Mini LED TV saw a remarkable 194.5% YoY growth.

At the Consumer Electronics Show (CES) 2025, TCL Electronics showcased its continuous breakthroughs in display technologies, introducing the X11K QD-Mini LED TV for the North American market, representing the “pinnacle of image quality”. This TV model utilises the world’s leading QD-Mini LED technology, featuring an impressive 14,000-level local dimming zones and a peak brightness of 6,500 nits. Combined with TCL’s All-domain Halo Control Technology, industry-leading self-developed lenses, high-efficiency light-emitting chips, ultra-close OD, backlight response algorithms, and a 7,000:1 ultra-high native contrast ratio screen, the X11K elevates Mini LED display to new heights within the industry. The TCL X11K TV also received the CES 2025 “Mini LED Display Technology Innovation Award”.

In addition, the Company unveiled the world’s first modular AI home companion robot, TCL Ai Me, at CES 2025. This AI robot features an adorable bionic appearance design with interchangeable outfits and a mobile space capsule base, tailored specifically for modern families. Ai Me possesses multimodal natural interaction capabilities, providing emotional companionship and personified interactions, while being capable of moving intelligently and automatically capturing beautiful family moments. Through continuous interaction with users, Ai Me is able to learn and adapt to family members’ behavioural habits, intelligently control home appliances, and enhance the convenience and comfort of daily life, providing a personalised interactive experience for each family member. This innovation was highly appreciated by the vast majority of exhibition visitors.

At the same time, the Company further deepened its cooperation with Google, integrating Google’s AI large-language model, Gemini, into its overseas flagship television series, significantly enhancing product functionality and user experience. Gemini’s powerful natural language processing capabilities enable more intelligent and smooth voice interactions when integrated with TVs. Moreover, Gemini can perform in-depth analysis and precise matching based on each family member’s unique viewing habits and interests, providing users with highly personalised program recommendations. The introduction of Gemini offers users a more intelligent and convenient product experience.

Shipment in International Market Maintains Leading Position, Mini LED Shipment in Domestic Market Exceeds Expectations

In 2024, amid major sporting events such as the European Cup and the Olympic Games, TCL Electronics, through precise marketing in the global market, achieved a YoY increase of 17.6% in TCL TV shipment in the international market. The shipment of large-screen TV in the international market also grew rapidly, with 65-inch and above TCL TV increasing by 32.4% YoY, and 75-inch and above TCL TV increasing significantly by 79.7%.

Regionally, benefiting from increased channel penetration, shipment of TCL-branded TV in the European market maintained rapid growth, with a YoY increase of 33.8% in 2024. The shipment of 75-inch and above TCL TV performed particularly well, with a significant YoY increase of 104.9%. Meanwhile, TCL TV ranked second in retail sales volume in France, Poland, and Sweden, and third in Spain, Greece, and the Czech Republic[1]. In North America, the Company effectively enhanced its brand competitiveness through localised brand communication, such as partnering with the National Football League (NFL), while actively adjusting channel and product structure. In 2024, shipment of TCL TV in North America increased by 6.4% YoY, among which 75-inch and above TCL TV increasing by 67.6% YoY, maintaining a top-two position in market share in terms of retail sales volume in the United States[2]. In emerging markets, shipment of TCL TV increased by 12.7% YoY in 2024, with an even higher YoY increase of 32.8% in the fourth quarter. The Company further deepened its presence in the Latin American market and expanded channels in the Middle East and Africa market, with shipment of TCL TV increasing by 17.6% and 39.6% YoY, respectively, in 2024. TCL TV maintained the industry’s top position in retail sales volume in Australia, the Philippines, Myanmar, and Pakistan, jumped to second in Brazil, and ranked third in Argentina, Vietnam, Thailand, and South Korea[1].

In the domestic market, the Company continued to promote its “TCL + Falcon” dual brand strategy. In 2024, TCL TV shipment in the PRC market increased by 5.8% YoY, with Falcon brand TV continuing to penetrate the youth market, achieving a YoY growth rate of 38.5% in shipment. TCL Electronics also successfully promoted the “mid-to-high-end + large screen” strategy in the PRC market. Benefiting from the stimulation of the national “trade-in” subsidy policy, the average screen size of TCL TV shipment in the PRC market reached 63.3 inches in 2024, representing an increase of 1.9 inches YoY. The shipment of 75-inch and above TCL TV increased by 23.1% YoY, with the proportion of shipment increasing by 5.3 percentage points to 37.7%. Moreover, in 2024, the shipment of TCL Mini LED TV in the PRC market increased by 264.7% YoY, with the cumulative shipment share of TCL Mini LED TV increasing by 10.9 percentage points YoY to 15.3%, and the shipment share of TCL Mini LED TV in the fourth quarter of 2024 significantly increasing to 24.4%. In 2024, the Company ranked first in retail sales volume of Mini LED TV in the PRC market[3].

Looking ahead, TCL Electronics will continue to execute its “Globalisation” and “Technological Transformation” strategies, adhering to the development strategy of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”, and the concept of innovation-driven development. With comprehensive technological breakthroughs and user-friendly design, the Company will continuously promote the development trend of smart living, bringing more convenient, comfortable, and environmentally friendly living experiences to global users. By actively implementing the all-category layout of “Intelligent IoT Ecosystem”, the Company strives to become a leading smart device enterprise with global operations.

Shipment Data for the Year of 2024 (unaudited)

 Unit: Set

Large-sized display – Shipment of TCL TV

29,003,243

– Proportion of TCL TV of 65 inches and above by shipment

26.0 %

– Proportion of TCL TV of 75 inches and above by shipment

13.2 %

[1] Data Source: GfK, January to November, 2024.

[2] Data Source: Circana, January to November, 2024.

[3] Data Source: CMM omni-channel, January to December, 2024.

About TCL Electronics

TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) was listed on the mainboard of the Hong Kong Stock Exchange in November 1999. It is engaged in display business, innovative business and internet business. TCL Electronics actively transforms and innovates under the strategy of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”. Focusing on the mid-to-high-end markets around the world, the Company strives to consolidate the “Intelligent IoT Ecosystem” strategy and is committed to providing users with an all-scenario smart and healthy life while developing into a world-leading smart technology company. TCL Electronics is part of the Shenzhen-Hong Kong Stock Connect program and is included in the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite MidCap & SmallCap Index and the Hang Seng Corporate Sustainability Benchmark Index. Besides, it has received Hang Seng Index’s ESG rating of A for consecutive years since 2018.

For more information, please visit the investor relations web page of TCL Electronics at   http://electronics.tcl.com or follow the WeChat Official Page of TCL Electronics investor relations.

Giti Tire Powers the Return of Singapore Touring Car Challenge 2025 as the Official Tire Supplier

SINGAPORE, Feb. 3, 2025 /PRNewswire/ — Singaporean Global Tire Company, Giti Tire, proudly announces its role as the official race tire for the highly anticipated 2025 Singapore Touring Car Challenge (STCC), organised by Motor Sports Singapore (MSS). This adrenaline-fueled event marks the return of circuit racing for Singapore race license holders after nearly a decade.

Singapore Tire Company, Giti Tire, is Official Race Tire provider for the Singapore Touring Car Challenge 2025. Photo Credit: Motor Sports Singapore (MSS)
Singapore Tire Company, Giti Tire, is Official Race Tire provider for the Singapore Touring Car Challenge 2025. Photo Credit: Motor Sports Singapore (MSS)

Scheduled to take place from March 13 to 15, 2025, at the Sepang International Circuit, the STCC 2025 will be a support race for the Motul Sepang 12 Hours Endurance Race. All participating vehicles in the Touring and Production Classes will race exclusively on GitiCompete GTR2 Pro UHP tires, ensuring a competitive and dynamic racing experience driven by Giti’s commitment to performance and motorsport excellence. This initiative aligns with Giti’s mission to develop its products and technologies through extreme real-life testing during these exhilarating motorsport events.

“Proudly calling Singapore home to our global headquarters, Giti Tire is honoured to have the chance to support the development of local talent in the field of motorsport,” commented Mr Nik Goh, Sales and Marketing Manager for ASEAN, Oceania and Sri Lanka at Giti Tire. “It is truly exciting to be a part of making motorsports more accessible to Singaporeans and bringing performance and safety on the tracks to the region.”

Giti reinforces its commitment to developing cutting-edge tire technology that enhances both safety and performance on the track, continually developing better high-performance racing tires to races around the world like the STCC grid. Spectators can look forward to an exciting lineup of race-ready vehicles, including circuit legends like the Honda Civic Type R, modern sports cars such as the Toyota GT86 and Subaru BRZ, and finely tuned family favourites like the Honda Jazz/Fit and Suzuki Swift.

Through its involvement in STCC 2025 and similar events, Giti looks to fuel the passion for motorsport while inspiring the next generation of racers in Singapore and beyond.

About Giti Tire

Giti Tire is a Singaporean global tire manufacturer with a strong presence in motorsports, Original Equipment Manufacturing, and consumer markets all around the world. With an unwavering focus on innovation, safety, and performance, delivering high-quality products designed for both everyday drivers and professional racers.

Founded in 1993 and headquartered in Singapore, the company has grown to around 27,000 global employees and distributes to more than 130 countries. Giti Tire has R&D facilities in Germany, China, Indonesia, and the USA, that work together to accelerate the development of technology for better performance and safety on track and streets.

For more information on Giti Tire, visit www.giti.com.

Laos to Introduce New Rules to Strengthen Lao Kip, Reduce Reliance on Foreign Currency

Lao Kip Money (Photo: istock)

In an effort to stabilize the national economy and reduce reliance on foreign currencies, the Bank of Laos and the Lao government are set to implement new regulations aimed at strengthening the value of the Lao kip. 

Successful Completion: The Yunlin Offshore Wind Farm Project in Taiwan is now fully operational

• Yunlin OWF fully operational and running at design capacity of 640 MW
• Enough clean energy to power over 600,000 Taiwanese homes annually
• Major step for Taiwan’s offshore wind farm and renewable energy sectors

HAMBURG, GERMANY – EQS Newswire – 3 February 2025 – Skyborn Renewables (Skyborn) and its partners in Yunneng Wind Power Co., Ltd. (Yunneng) are pleased to announce a major milestone: The Yunlin Offshore Wind Farm (OWF) is now fully operational and producing clean energy at its design capacity of 640 MW. All 80 wind turbine generators (WTGs) have been successfully installed and are producing electricity, powering Taiwanese homes and businesses. This achievement marks a major step forward in Taiwan’s offshore wind farm and renewable energy sectors, contributing to the country’s transition to a sustainable energy future. Yunneng, a joint venture between Skyborn, TotalEnergies, Electricity Generating Public Company (EGCO Group), and Sojitz Corporation (Sojitz), is responsible for the construction and operation of the Yunlin OWF.

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As one of Taiwan’s largest offshore wind farms, the 640 MW Yunlin OWF generates enough clean energy to power over 600,000 Taiwanese homes annually. With a capacity of 2,400 Gigawatt hours (GWh), and meeting 90% of Yunlin County’s non-industrial electricity needs, the Yunlin OWF will also reduce CO2 emissions by approximately 1,200,000 tons per year. The development and construction was led by Skyborn, with the support of its partners. Following the commercial operations date (COD), which is envisaged for June 2025, TotalEnergies will take the lead of the technical operations management, whilst Skyborn will continue to lead all other management services.

“I’m proud to see the 640 MW Yunlin Offshore Wind Farm now generating at full capacity. This project is a testament to our commitment to creating lasting value for our partners and society and delivering on our promises. We promised to deliver it, and we’ve done just that. I’d like to extend a special thanks to the Taiwanese government for their unwavering support throughout this project,” said Patrick Lammers, CEO of Skyborn.

“We are pleased with the completion of the Yunlin offshore wind farm, which is now producing at its planned capacity. The 640 MW project, realized together with our partners, will help Taiwan reach its 2025 target of 5.7 GW of offshore wind power. This achievement, which contributes to the growth of free cash flow from our electricity business, marks a new step towards TotalEnergies’ goal of exceeding 100 TWh of net electricity production by 2030,” said Olivier Jouny, Senior Vice President Renewables at TotalEnergies.

“We are delighted that the Yunlin Offshore Wind Farm has successfully commenced its commercial operations with a total capacity of 640 MW, as the first offshore wind project in our power portfolio. Thanks to the collaborative efforts of all relevant parties with efficient construction planning and project management capabilities. We especially thank the Taiwanese government for their continuous support in all aspects of the project. The achievement also fulfils EGCO Group’s business strategy that addresses sustainable growth across all dimensions by balancing business opportunities, profitability, and our low-carbon organizational targets,” said Dr. Jiraporn Sirikum, President of EGCO Group.

“We are honoured to see the Yunlin Offshore Wind Farm commence its operations, as our first offshore wind project. This achievement is in line with our strong commitment to create “value for society” for developing local economies and environmental conservation. We extend our deepest gratitude to our valued partners, senior lenders, EPC contractors and all stakeholders, which have been crucial in making this project a reality,” said Takefumi Nishikawa, Executive Officer, COO of Energy Solutions & Healthcare Division at Sojitz.

The Yunlin OWF is located in the Taiwan Strait, between 8 and 17 km off the west coast of Taiwan, at water depths from 7 up to 35 m. The 82 km² project area comprises 80 WTGs, whose generated electricity is fed into the Taiwanese power grid via two onshore substations near the townships of Taixi and Sihu in Yunlin County. Electricity from the project is provided to Taiwan Power Company (TPC) under two 20-year power purchase agreements. The project is backed by a strong financial consortium established in 2019, including Taiwanese and international banks alongside export credit agencies.

Shareholders of Yunneng Wind Power Co., Ltd.

About Skyborn Renewables (Skyborn)
Skyborn is an accomplished offshore wind developer and operator with more than 20 years’ experience, headquartered in Germany. The company’s capabilities cover the entire offshore wind value chain, including greenfield development, project engineering and design, procurement, financing, corporate power purchase agreements, construction management and asset management. Skyborn is a portfolio company of New York based Global Infrastructure Partners (GIP), a leading infrastructure investor and part of Blackrock.

About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. By the end of 2024, TotalEnergies’ gross renewable electricity generation installed capacity reached over 24 GW. TotalEnergies will continue to expand this business to reach 35 GW in 2025 and more than 100 TWh of net electricity production by 2030.

TotalEnergies’ portfolio in offshore wind has a total capacity of more than 18 GW, with most farms bottom-fixed. These projects are in the United Kingdom (Seagreen, Outer Dowsing, West of Orkney and Erebus), South Korea (Bada), Taiwan (Yunlin and Haiding 2), France (Eolmed), the United States (Attentive Energy and Carolina Long Bay), in the Netherlands (OranjeWind), in Germany (Nordsee Energies 1 & 2, Ostsee Energies, N-9.1 and N-9.2).

About Electricity Generating Public Company Limited (EGCO Group)
EGCO Group is the first Independent Power Producer in Thailand. EGCO Group presently has a total equity capacity of 7,019 MWe in operation and under construction. Total equity capacity from renewable energy is 1,463 MWe (equivalent to 21% of the total portfolio). The RE portfolio includes biomass, hydropower, solar power, onshore and offshore wind power, fuel cells, and battery storage. EGCO Group’s facilities are located in 8 countries, namely Thailand, Lao PDR, the Philippines, Indonesia, Australia, South Korea, Taiwan and USA. In addition, EGCO Group has also 11 other energy-related businesses including the fuel and infrastructure business group and the customer solution and startup business group. EGCO Group has been listed in the Dow Jones Sustainability Index (DJSI) for four consecutive years (2020-2023) and aims to achieve Net Zero goal by 2050. Learn more about EGCO Group through our website at www.egco.com

About Sojitz Corporation (Sojitz)
Sojitz is a major investment and trading firm in Japan developing wide range of businesses globally, including manufacturing, selling, importing, and exporting a variety of products, in addition to providing services and investing in approximately 50 countries around the world through approximately 440 consolidated subsidiaries and affiliated companies located in Japan and overseas. Sojitz was formed out the union of Nichimen and Nissho Iwai Corp. both with long world-wide investment histories of more than 160 years, Sojitz is a publicly listed company on the Tokyo Stock Exchange.
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About Skyborn Renewables

Skyborn Renewables is driving global decarbonisation by accelerating offshore wind energy across the world. We believe offshore wind is a cornerstone of the clean energy transition and an enabler to achieve net-zero targets and ensure energy security and a sustainable energy supply for future generations. Skyborn is an accomplished offshore wind developer and operator with more than 20 years’ experience. Our capabilities cover the entire offshore wind value chain, including greenfield development, engineering and design, procurement, financing, corporate power purchase agreements, construction management and asset management.
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