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SDG Academy Indonesia launches its Mobile Learning and Leadership Programmes

JAKARTA, INDONESIA – Media OutReach – 25 March 2021 – The SDG Academy Indonesia, a collaborative platform between the United Nations Development Programme (UNDP), the National Development Planning Agency (Bappenas), and the Tanoto Foundation, today launched its digital SDG Mobile Learning Programme and the SDG Leadership Certification Programme.

About 30 participants from around Indonesia have been selected for the first cohort of the SDG Leadership Certification Programme. The programme is designed to empower local leaders across multiple sectors with the latest know-how on SDGs. Individuals and institutions participating in the programme will be equipped with complex problem-solving skills, using innovative case models and hands-on experience.

The SDG Mobile Learning Programme breaks down distance barriers by providing greater online access to learning resources to everyone across this vast archipelagic country.

The SDG Academy Indonesia was launched in 2019 with a mission to boost the capacity of State and non-State stakeholders at local level to speed up SDGs achievement.

“The SDG Academy Indonesia is a platform to strengthen the involvement of many stakeholders to learn, collaborate and contribute to the SDGs achievement. It is carried out through concrete and innovative examples to answer various development challenges. SDG Academy Indonesia is also expected to help strengthen the capacity of local government officials in formulating SDGs regional action plans and overseeing their implementation, which urgently requires leadership and technical capacity,” said Vivi Yulaswati,” the Head of SDG Secretariat and Expert Staff on Poverty Reduction and Social Welfare at the Bappenas.

“The work on the 2030 Agenda is accelerating – guided by the pledge of leaving no one behind. The SDGs demand a transformation of economies, societies and human behaviour. This will not happen unless people are aware of the goals, see their own concerns in the Goals, and know what they can do to implement the Goals. Therefore, the educational component of the SDGs is critical, and I believe the role of the SDG Academy Indonesia’s program is important in this endeavour,” said the UN Resident Coordinator in Indonesia, Ms. Valerie Julliand.

UNDP Indonesia Resident Representative, Mr. Norimasa Shimomura said, “With UNDP’s global networks, the SDG Academy Indonesia will also benefit from insights and experiences from around the world that will help us develop innovative solutions that are tailored to Indonesia’s development context”.

He added that women’s participation is a cornerstone to the inclusive philosophy of SDG Academy Indonesia.

“Women’s tremendous potentials to promote good governance, economy, science and technology are largely untapped. This is why the SDG Academy Indonesia’s learning programmes are designed to consciously promote women’s leadership and gender equality,” Mr. Shimomura said adding that the Academy is committed to having an equal representation of women among its course participants.

Mr. J. Satrijo Tanudjojo, Global CEO Tanoto Foundation noted its commitment to sustainable development. “The Tanoto Foundation is committed to take part in the efforts of achieving the SDGs in Indonesia. Our partnership with the Ministry of National Development Planning and the UNDP Indonesia in establishing the SDG Academy Indonesia is an example of a good practice on how State and non-State actors could work together in accelerating the SDGs achievement,” he said. Tanoto Foundation is an independent family philanthropy organisation founded by Sukanto Tanoto and Tinah Bingei Tanoto in 1981.

The SDG Academy Indonesia has three main programmes: SDG Mobile Learning, SDG Leadership Certification, and SDG Study Abroad, covering four essential dimensions of capacity building: knowledge, character, skill, and values.

For more information visit www.sdgacademyindonesia.id

MineCity: The Community Dream Chaser concluded with huge success

Projects enlighten youngsters to creatively rejuvenate local community

 

HONG KONG SAR – Media OutReach – 25 March – The “MineCity” project, organised by Breakthrough and fully supported by Zurich Insurance (Hong Kong) (“Zurich”), leverages the popular software Minecraft to encourage youngsters for exploring possibilities to reshape urban space in the community. In its third year, MineCity expanded its virtual community coverage to Shatin and North District. Breakthrough has conducted in-depth interview and exchanged with youngsters to understand their respective community and encouraged them to build a virtual map through Minecraft for expressing their imagination and co-building the local community.

Renowned Minecraft player Wingsthunder (Left 1), Breakthrough General Secretary Joyce Man (Left 3), Zurich Insurance (Hong Kong) CEO Eric Hui (Right 3), architect Wyan Yeung (Right 1) and student representatives participated “MineCity: The Community Dream Chaser” webinar.

The “MineCity: The Community Dream Chaser” webinar was held online today. Nearly 30 students and Zurich’s volunteers presented this year’s community map designs. Online public visitors had a chance to appreciate the map exhibits meticulously designed by the students and join the virtual tours guided by them. The webinar also featured a discussion between WingsThunder, renowned Minecraft player and Wyan Yeung, architect, on how Minecraft’s virtual imagination can help youngsters build an ideal community, realising “Urban Imagination”, “Community Integration”, and “Creative Problem Solving”.

Minecraft is one of the most popular software applications with more than 100 million online players worldwide. The software requires players to create and reset different blocks in three-dimensional space to construct different buildings, scenes and cities in various locations. Breakthrough believes Minecraft offers a platform for youngsters to learn together through the virtual journey of “Urban Imagination”, “Community Integration”, and “Creative Problem Solving”. By listening, understanding and rethinking, youngsters are more familiarised with the needs of local community and bring their ideas to Minecraft to build their ideal community. Breakthrough invites avid Minecraft players to co-build community map which is based on the belief that youngsters and the future of the city are inseparable. The youngsters form teams, go into communities and discover different needs within.

In the opening remarks, Joyce Man, General Secretary of Breakthrough said, “Our gratitude goes to Zurich for its continuous support to MineCity which facilitates more student participation. This year, our programme extended its coverage to Shatin and North District. Students were encouraged to present their ideas about future community and city imaginatively, address community needs and solve related problems through Minecraft in a creative way. We hope MineCity can bring students closer together and let them contribute more to the community, which in turn benefit their future growth and learning.” Joyce also thanked the support from participating schools for smooth programme execution as well as raising awareness and participation among youngsters.

Eric Hui, Chief Executive Officer of Zurich Insurance (Hong Kong), said, “Zurich has always been committed to serving the community and promoting empowerment of youngsters. We are delighted that MineCity has been well received by students, who have demonstrated their dedication and focus in integrating technology, interest and creativity in co-creating community maps as a team. Their collective efforts are fully demonstrated through their designs. From my personal engagement in community guided tour, I find that the program can really enrich the lives of fellow students through encouraging youngsters to feel the pace of life in our communities and gain understanding of local cultures and stories.”

For the third year in a row, MineCity is organised by Breakthrough and fully supported by Zurich Insurance (Hong Kong). More than 250 youngsters have already participated in designing the online community maps of Sham Shui Po, Shatin and North District through Minecraft. Breakthrough hopes the initiative can encourage more youngsters to extend their social participation from online to offline and actively make good use of technological innovation to build the future of our community.

For more high-resolution images, please download:https://bit.ly/3s6VpOy

About Breakthrough

Breakthrough is a non-profit making organization providing cultural and educational services for young people. Anchored on Christian faith, we care for the wholistic development of the young generation, help them unveil their potential, and guide them in becoming leaders for the 21st century. We strongly believe that young people possess the qualities of a leader, regardless of gender, personal and cultural background. The most important point is whether those around the youngsters offer them affirmation and encouragement to help them bring out their potential and creativity.

About Zurich Insurance

Zurich Insurance (Hong Kong) offers a full range of flexible general insurance and life insurance products for individuals as well as corporate customers, catering to their insurance, protection and investment needs. Zurich’s presence in Hong Kong dates back to 1961, and is one of the 5 largest insurance companies in the general insurance market*. Further information about Zurich Insurance (Hong Kong) is available at www.zurich.com.hk.

Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With around 55,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 215 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com/.

*Source: Gross premium of 2019, Insurance Authority

MineCity: The Community Dream Chaser concluded with huge success;Projects enlighten youngsters to creatively rejuvenate local community

HONG KONG SAR – Media OutReach – 25 March 2021 – The “MineCity” project, organised by Breakthrough and fully supported by Zurich Insurance (Hong Kong) (“Zurich”), leverages the popular software Minecraft to encourage youngsters for exploring possibilities to reshape urban space in the community. In its third year, MineCity expanded its virtual community coverage to Shatin and North District. Breakthrough has conducted in-depth interview and exchanged with youngsters to understand their respective community and encouraged them to build a virtual map through Minecraft for expressing their imagination and co-building the local community.

Renowned Minecraft player Wingsthunder (Left 1), Breakthrough General Secretary Joyce Man (Left 3), Zurich Insurance (Hong Kong) CEO Eric Hui (Right 3), architect Wyan Yeung (Right 1) and student representatives participated “MineCity: The Community Dream Chaser” webinar.

The “MineCity: The Community Dream Chaser” webinar was held online today. Nearly 30 students and Zurich’s volunteers presented this year’s community map designs. Online public visitors had a chance to appreciate the map exhibits meticulously designed by the students and join the virtual tours guided by them. The webinar also featured a discussion between WingsThunder, renowned Minecraft player and Wyan Yeung, architect, on how Minecraft’s virtual imagination can help youngsters build an ideal community, realising “Urban Imagination”, “Community Integration”, and “Creative Problem Solving”.

Minecraft is one of the most popular software applications with more than 100 million online players worldwide. The software requires players to create and reset different blocks in three-dimensional space to construct different buildings, scenes and cities in various locations. Breakthrough believes Minecraft offers a platform for youngsters to learn together through the virtual journey of “Urban Imagination”, “Community Integration”, and “Creative Problem Solving”. By listening, understanding and rethinking, youngsters are more familiarised with the needs of local community and bring their ideas to Minecraft to build their ideal community. Breakthrough invites avid Minecraft players to co-build community map which is based on the belief that youngsters and the future of the city are inseparable. The youngsters form teams, go into communities and discover different needs within.

In the opening remarks, Joyce Man, General Secretary of Breakthrough said, “Our gratitude goes to Zurich for its continuous support to MineCity which facilitates more student participation. This year, our programme extended its coverage to Shatin and North District. Students were encouraged to present their ideas about future community and city imaginatively, address community needs and solve related problems through Minecraft in a creative way. We hope MineCity can bring students closer together and let them contribute more to the community, which in turn benefit their future growth and learning.” Joyce also thanked the support from participating schools for smooth programme execution as well as raising awareness and participation among youngsters.

Eric Hui, Chief Executive Officer of Zurich Insurance (Hong Kong), said, “Zurich has always been committed to serving the community and promoting empowerment of youngsters. We are delighted that MineCity has been well received by students, who have demonstrated their dedication and focus in integrating technology, interest and creativity in co-creating community maps as a team. Their collective efforts are fully demonstrated through their designs. From my personal engagement in community guided tour, I find that the program can really enrich the lives of fellow students through encouraging youngsters to feel the pace of life in our communities and gain understanding of local cultures and stories.”

For the third year in a row, MineCity is organised by Breakthrough and fully supported by Zurich Insurance (Hong Kong). More than 250 youngsters have already participated in designing the online community maps of Sham Shui Po, Shatin and North District through Minecraft. Breakthrough hopes the initiative can encourage more youngsters to extend their social participation from online to offline and actively make good use of technological innovation to build the future of our community.

For more high-resolution images, please download:https://bit.ly/3s6VpOy

About Breakthrough

Breakthrough is a non-profit making organization providing cultural and educational services for young people. Anchored on Christian faith, we care for the wholistic development of the young generation, help them unveil their potential, and guide them in becoming leaders for the 21st century. We strongly believe that young people possess the qualities of a leader, regardless of gender, personal and cultural background. The most important point is whether those around the youngsters offer them affirmation and encouragement to help them bring out their potential and creativity.

About Zurich Insurance

Zurich Insurance (Hong Kong) offers a full range of flexible general insurance and life insurance products for individuals as well as corporate customers, catering to their insurance, protection and investment needs. Zurich’s presence in Hong Kong dates back to 1961, and is one of the 5 largest insurance companies in the general insurance market*. Further information about Zurich Insurance (Hong Kong) is available at www.zurich.com.hk.

Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With around 55,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 215 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com/.

*Source: Gross premium of 2019, Insurance Authority

China Dynamics to Provide Not Less Than 500 Electric Vehicles in Philippines and Malaysia

Strengthens Foothold in Southeast Asia Market

 

HONG KONG SAR – Media OutReach – 25 March 2021 – China Dynamics (Holdings) Limited (the “Company”; Stock Code: 476, together with its subsidiaries, collectively “China Dynamics” or the “Group”), a provider of new-energy vehicles and technology integrated solutions, and GET Worldwide, Inc. (“GET Worldwide”), have signed a long-term supply agreement, following the delivery of electric buses in Davao and Metro Manila in the Philippines last December.

GET Worldwide’s flagship electric public transport vehicles designed for emerging markets –
the 6.5 meter COMET electric minibus. The vehicles can be paired with a mobile application creating an intelligent fleet and passenger management system.

Under the long-term supply agreement, China Dynamics will provide GET Worldwide, a California based E-mobility solutions company, with no less than 100 units of the 6.5 meter COMET electric minibus within 6 months and not less than 500 units of the vehicles within 24 months from the effective date of the agreement. The electric vehicles will be mainly used in the Philippines and in Malaysia. In addition, GET Worldwide is already looking to expand to Africa and Latin America within the year.

Mr. Freddie Tinga, President of GET Worldwide said: “China Dynamics ends our long search in finding a reliable electric vehicle manufacturer. The COMET is GET Worldwide’s flagship electric public transport vehicle designed for emerging markets. The vehicle is paired with a mobile application to make transportation more efficient, address the dangers of climate change, and transform urban environments. We are seeing the large potential of the COMET ecosystem given the high demand in the Philippines and the numerous parties contacting us from around the world who are interested in the same solution.”

Mr. Miguel Valldecabres Polop, CEO of China Dynamics, added, “The signing of the agreement is another strategic step in our global expansion starting with Southeast Asia. This agreement solidifies our partnership with GET Worldwide in deploying the ideal transport solution to dense urban centers globally. It is a win-win solution for all. We benefit from the revenues generated from these new markets, as we do our part to make these cities more sustainable and more livable for their citizens.”

China Dynamics delivered in December 2020 the initial batch of COMET electric minibuses for Metro Manila and Davao to Global Electric Transport (“GET Philippines”), a licensee of GET Worldwide and the first electric bus operator in the Philippines.

About China Dynamics (Holdings) Limited (Stock Code: 476)

China Dynamics (Holdings) Limited is a pioneer and a prominent player in new-energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new-energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power system and its key components. The Group has two production bases in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America.

Spackman Entertainment Group’s Musical Film THE BOX, Starring Exo’s Chanyeol, Opens #1 At The Korean Box Office

  • THE BOX is the latest film production of the Company’s wholly‐owned subsidiary, Studio Take, founded by veteran movie producer, Song Dae‐chan
  • THE BOX ranked #1 on the first day of its wide release yesterday in Korea and set to debut in 11 countries including USA, Singapore, Indonesia, Vietnam, Japan and Australia
  • Directed by Yang Jung Woong, the Executive Producer of the 2018 PyeongChang Winter Olympics opening and closing ceremonies, THE BOX is EXO’s Chanyeol’s first lead acting role in a film


SINGAPORE – Media OutReach – 25 March 2021 – Spackman Entertainment Group Limited (“Spackman Entertainment Group” or the “Company” and together with its subsidiaries, the “Group“), one of Korea’s leading entertainment production groups, wishes to announce that its musical film THE BOX, produced by the Company’s indirect wholly-owned subsidiary, Studio Take Co., Ltd. (“Studio Take“), opened #1 at the Korean box office on the first day of its wide release yesterday.

According to the latest statistics from the Korean Film Council, THE BOX captured 34.1% of the Korean box office revenue market share with total ticket admissions of 31,905 and gross box office revenue of approximately US$233,959 as of 24 March 2021[1].

THE BOX is scheduled to debut in 11 countries including USA, Singapore, Indonesia, Vietnam, Japan and Australia. The musical film will be released on 1 April 2021 in Singapore, 7 April 2021 in Indonesia and 8 April 2021 in Malaysia.

THE BOX is the second film production of Studio Take, which was founded by veteran movie producer, Song Dae‐chan. Previously, Studio Take released its maiden art film STONE SKIPPING on 15 October 2020.

THE BOX is about the musical journey of an aspiring singer and a once popular producer.

Directed by Yang Jung Woong, the Executive Producer of the 2018 PyeongChang Winter Olympics opening and closing ceremonies, THE BOX stars EXO’s Chanyeol who plays the aspiring singer and Jo Dal Hwan who acts as the once popular producer. This is Chanyeol’s first lead role for a Korean commercial film. Jo Dal Hwan is known for his role in SECRET HEALER (2016), TRAFFICKERS (2012) and THE CON ARTISTS (2014).

THE BOX showcases a number of international hit songs, such as Billie Eilish’s BAD GUY in Chanyeol’s voice. The music director of the musical film is Ecobridge, who is the composer of Jung Yup’s NOTHING BETTER in 2008.

For more information on THE BOX and its official trailer, please visit the Group’s website at https://spackmanentertainmentgroup.com/movies.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited (“SEGL” or the “Company“), and together with its subsidiaries, (the “Group“), founded in 2011 by Charles Spackman, is one of Korea’s leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. According to Variety, Korea was the world’s fourth largest box office market in 2019, behind only North America, China and Japan.

The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.

Production Labels

SEGL’s wholly-owned Zip Cinema Co., Ltd. (“Zip Cinema“) is one of the most recognised film production labels in Korea and has originated and produced some of Korea’s most commercially successful theatrical films, consecutively producing 10 profitable movies since 2009 representing an industry leading track record. Recent theatrical releases of Zip Cinema’s motion pictures include some of Korea’s highest grossing and award-winning films such as CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), COLD EYES (2013), and ALL ABOUT MY WIFE (2012). For more information on Zip Cinema, do visit http://zipcine.com

SEGL also owns Novus Mediacorp Co., Ltd. (“Novus Mediacorp“), an investor, presenter, and/or post-theatrical distributor for a total of 79 films (58 Korean and 21 foreign) including ROSE OF BETRAYAL, THE OUTLAWS and SECRETLY, GREATLY, which was one of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS, as well as FRIEND 2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE, a top-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-time highest Video On Demand (“VOD“) sales records in Korea. For more information on Novus Mediacorp, do visit http://novusmediacorp.com.

The Company owns a 100% equity interest in Simplex Films Limited (“Simplex Films“) which is an early stage film production firm. The maiden film of Simplex Films, JESTERS: THE GAME CHANGERS (2019), was released in Korea on 21 August 2019. Simplex Films has several line-up of films including A BOLT FROM THE BLUE (working title).


The Company owns a 100% equity interest in Take Pictures Pte. Ltd. (“Take Pictures“) which produced STONE SKIPPING (2020) and THE BOX (2021), and shall release GUARDIAN (working title) in 2021 tentatively.


The Company owns a 100% equity interest in Greenlight Content Limited (“Greenlight Content“) which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content. Through the acquisition of Greenlight Content, the Group’s first co-produced drama, MY SECRET TERRIUS, starring top Korean star, So Ji Sub, achieved #1 in drama viewership ratings for its time slot and recorded double digits for its highest viewership ratings. Greenlight Content was one of the main investors of MY SECRET TERRIUS.


The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST’S WAIL, a comedy horror film.

Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. We release all of our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.

Talent Representation

The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (“SMGL“). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd. (Son Ye-jin, Lee Min-jung, Ko Sung-hee), UAA&CO Inc. (Song Hye-kyo, Yoo Ah-in, Park Hyung-sik), Fiftyone K Inc. (So Ji Sub, Ok Taec-yeon), SBD Entertainment Inc. (Son Suk-ku), and Kook Entertainment Co., Ltd. (Kim Sang-kyung, Kim Ji-young). Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company.

The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. (“Constellation Agency“). Constellation Agency, which owns The P Factory Co., Ltd. (“The P Factory“) and Platform Media Group Co., Ltd. (“PMG“), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements and branded entertainment.

Strategic Businesses

The Company owns a 100% equity interest in Frame Pictures Co., Ltd. (“Frame Pictures“). Frame Pictures is a leader in the movie/drama equipment leasing business in Korea. Established in 2014, Frame Pictures has worked with over 25 top

directors and provided the camera and lighting equipment some of Korea’s most notable drama and movie projects including ITAEWON CLASS (2020), HOW TO BUY A FRIEND (2020), KIM JI-YOUNG, BORN 1982 (2019), FOUR MEN (2019) and ASADAL CHRONICLES (2019).

We also operate a café-lounge called Upper West, in the Gangnam district of Seoul and own a professional photography studio, noon pictures Co., Ltd.

For more details, do visit http://www.spackmanentertainmentgroup.com/

CIFI’s total profit grew by 28.7% to RMB11.9 billion in 2020

CIFI Group Announces 2020 Annual Results

  • Total profit grew by 28.7% to RMB11.9 billion exceeding RMB10 billion for the first time
  • Core net profit to equity owners of the Company increased by 16.3% to a new record high of RMB8.03 billion
  • Dividend growing continuously since IPO and final dividend of 29 HK cents per share in 2020
  • Contracted sales target of RMB265.0 billion in 2021

Results Highlights:

Revenue and net profit hit a record high with dividend growing continuously since IPO

  • Recognised revenue increased by 27.2% to RMB71.8 billion.
  • Core net profit to equity owners of the Company increased by 16.3% to RMB8.03 billion.
  • Adjusted gross profit margin and core net profit margin stood at 25.1% and 11.2% respectively.
  • Core return on average equity was 24.2%, maintaining the industry’s leading level.
  • Proposed final dividend of RMB24.3 cents (equivalent to 29 HK cents) per share, an increase of 10.8%. Total dividends for the year amounted to RMB34.1 cents (equivalent to 40 HK cents) per share with a year-on-year growth of 5.3%.
  • Achieved sustainable earnings growth since IPO, with accumulated dividends of HK$1.84 per share.

Sales reached a new height with abundant quality land bank

  • Completed the Group’s full year contracted sales target in 2020. The Group achieved contracted sales and contracted gross floor area of RMB231.0 billion and 15,385,000 sq.m. in 2020, representing a growth of 15.2% and 27.8% respectively. Contracted average selling price was approximately RMB15,000 per sq.m.
  • Achieved a cash collection ratio of over 90% from contracted sales, maintaining the industry’s leading level.
  • Pressed ahead with the goal of “achieving RMB10B sales in each city”. A total of 18 cities ranked top 10 in local markets sales.
  • The new land bank acquired through diversified channels accounted for 51% of the total new land bank. Acquired 12 commercial complexes since 2020.
  • Contracted sales target of RMB265.0 billion in 2021.

Stable and healthy debt structure with high risk resistance

  • Abundant cash on hand, reaching RMB 51.15 billion.
  • As at 31 December 2020, net debt-to-equity ratio and weighted average cost of indebtedness improved to 64.0% and 5.4% respectively.

Recognized by international and onshore credit rating agencies

  • Moody’s and Lianhe Global upgraded the Company’s credit ratings outlook to “Ba2” (with “Stable” outlook) and “BBB–” (with “Stable” outlook) respectively.
  • Standard & Poor’s and Fitch reiterated the Company’s credit rating to be “BB” (with “Stable” outlook).
  • CCXI and Lianhe Credit Rating assigned “AAA” (with “Stable” outlook) onshore credit ratings to the Company and CIFI PRC.

Promote low carbon practise and maintain strong competitiveness

  • All residential products under CIFI have obtained the Green Building Design Label of one-star or above. During the year, 25 CIFI projects received a Two-star Green Building Label.
  • CIFI’s green bonds have been included in Sustainable and Green Exchange (STAGE) which is newly launched by the Stock Exchange of Hong Kong (“HKEx”). CIFI is the only real estate company in China to be listed on STAGE among 13 companies in the first batch.
  • Teamed up with Alibaba (HKEx stock code: 9988) to launch HUMAN Smart Healthy Living 2.0 Operating System and received the CIOC innovation award in 2020.

Strongly committed to sustainable development and corporate social responsibility

  • Published the first standalone Environmental, Social and Governance (ESG) report and enhanced the disclosure of the enterprise’s ESG management to a new level, in response to the amended reporting guide of the HKEx.
  • First announced the offshore green finance framework, and successfully issued the first offshore green bonds in the same month, representing the Group’s first step towards the green financing practice.
  • CIFI Charity Foundation donated RMB20 million to establish a dedicated fund fighting against the COVID-19 pandemic, which provided medical supplies and subsidized medical personnel arriving at Wuhan from Shanghai.

Received various national and international honours and recognition; CIFI’s market position in the industry has been further enhanced

  • CIFI was the top 14 of “Top 20 China Real Estate Developers 2020” and “Top 10 Stable China Real Estate Developers 2020” awarded by China Real Estate Association.
  • CIFI was selected in “Hang Seng China (Hong Kong-listed) 100 Index” and “Hang Seng Large-Mid Cap Value Tilt Index”, and was the only private real estate developer in the “Hang Seng Corporate Sustainability Index”.
  • CIFI was awarded the “2020 Best Managed Companies (BMC)” by Deloitte and Harvard Business Review and became one of the only two real estate enterprises among the awarded enterprises.
  • CIFI was awarded the “Institutional Investor Magazine – All-Asia Executive Team 2020”.


Financial Summary:

For the year ended 31 December

Growth

2020

2019

Contracted sales

Contracted sales (RMB’ billion)

231.0

200.6

+15.2%

Contracted GFA (sq.m.)

15,385,100

12,035,500

+27.8%

Key financial performance (RMB’million)

Recognized revenue

71,799

56,451

+27.2%

Gross profit

15,609

14,116

+10.6%

Profit for the year attributable to equity owners

8,032

6,443

+24.7%

Core net profit attributable to equity owners

8,026

6,903

+16.3%

Core basic earnings per share, RMB cents

100

89

+12.4%

Proposed final dividend per share, RMB cents

24.30

21.93

+10.8%

As at

31 Dec 2020

As at

31 Dec 2019

Selected balance sheet data (RMB’million)

Total assets

379,299

324,855

+16.8%

Total indebtedness

104,715

103,699

+1.0%

Total equity

83,642

68,197

+22.6%

Equity attributable to equity owners

36,052

30,199

+19.4%

Net debt-to-equity ratio

64.0%

65.6%

-1.6 p.p.

Weighted average cost of indebtedness

5.4%

6.0%

-0.6 p.p.

Land bank (GFA, million sq.m.)

– Total

56.5

50.7

+11.4%

– Attributable

30.8

26.5

+16.2%

HONG KONG SAR – Media OutReach – 25 March 2021 – CIFI Holdings (Group) Co. Ltd (“CIFI” or the “Group”, HKEx stock code: 884), a leading real estate developer engaged in property development and investment business mainly in the first-, second- and quasi-second-tier cities in China, is pleased to announce its annual results for the year ended 31 December 2020.

The Group expects a steady development of China’s real estate market in 2021 that new construction remains at a high level, sales in first- and second-tier cities continue to be driven by consumption upgrades, and sales are expected to hit record high. In terms of land market, due to the tightening of financing channels for real estate developers and the concentration of land supply in 22 cities in phases, reasonable resource allocation and profitability considerations will pose greater challenges to operation capacity. Developers will be more prudent in land acquisition, and transaction will become more rational. Industry consolidation will accelerate, resulting in increasing concentration.

The Group has penetrated into the Yangtze River Delta region. In the early years, it focused on all core cities in the Shanghai-Rim Metropolis with Shanghai as the centre, while putting emphasis on the Pan Bohai Rim Region and Shandong Province. In recent years, more efforts have been made to cover the core cities around the Greater Bay Area metropolis, and the Chengdu-Chongqing real estate market has been further developed. It is believed that the national layout will enable the Group to obtain benefits during the process of this round of urbanization.

In 2021, the Group’s contracted sales target is RMB265 billion, and it has sufficient saleable resources to support the completion of the full-year contracted sales target. Currently, the Group has covered 89 cities across the country and established presence in 7 regions. Diversified land bank and premium project reserves have laid a solid foundation for the growth of the Group’s contracted sales.

Mr. Lin Zhong, Chairman and Executive Director of the Group said, “We believe that the central government’s advocacy of the real estate policy tone that “houses are built to be inhabited, not for speculation”, “renting and acquiring at the same time” and “differentiated policies for different cities” will remain unchanged. We expect the various restrictive policies to continue in the near future. The Group will uphold the long-term development strategy, persistently improve the corporate operation efficiency, continue to enhance its brand advantages and put emphasis on product innovation, follow the principle of prudent management of finance, and build up the strengths to defend the market volatility. Meanwhile, the Group puts great significance on promoting its management standard on environmental protection, social responsibility and corporate governance, which will be uplifted to the level of the Group’s strategic planning. We pledge full commitment to forging CIFI as one of the Fortune Global 500 with outstanding results, persistent performance of social responsibility and excellent corporate governance, and create encouraging returns for shareholders.”

About CIFI (Group):

Headquartered in Shanghai, CIFI is one of China’s top real estate developers. CIFI principally focuses on developing high-quality properties in first-, second-, and quasi-second-tier cities in China. CIFI develops various types of properties, including residential, office and commericial complexes.

To learn more about the Company, please visit CIFI’s website at: http://www.cifi.com.cn

Laos Officially Authorizes Lao New Year Celebrations

Laos officially authorizes Lao New Year (Pi Mai) celebrations
Lao New Year (Pi Mai) festivities include spraying water on passers by (Photo: Phoonsab Thevongsa)

Authorities in Laos have given the green light to Lao New Year celebrations (Boun Pi Mai Lao) this year, although strict Covid-19 prevention and control measures will apply.

Hong Kong Gold Coast presents “Gold Coast ‘Digital’ Easter Egg Hunt 2021”

Egg Hunting at Gold Coast Hotel, Piazza and 50,000 sq.ft Lawn

Hunt all the hidden Easter eggs and Win the fabulous prizes

Including free hotel accommodation

Join the “Egg-cellent Easter Fun Vacation” of Gold Coast Hotel, to enjoy a lesiure Easter holiday with diversified programs!


HONG KONG SAR – Media OutReach – 25 March 2021 –

Win Fabulous Prizes from Digital Egg Hunt and a plethora of games

“Gold Coast Easter Egg Hunt” is a must-do activity to complete the Easter celebration. This year, the activity will be returning in a contactless format at Hong Kong Gold Coast from 1st to 6th April. Namely, what participating families need is just a mobile phone to scan QR codes on the Easter eggs to earn game points. Scattering over Gold Coast Hotel, Piazza, and the 50,000 sq. ft. Lawn, the Easter eggs are worth different points. The higher the points collected, the more prizes to redeem. Ranging from free accommodations at Gold Coast Hotel and family photography gift vouchers, to dining coupons and other gifts, the total value of prizes is above HK$880,000. Everyone can return fully loaded with both joy and prizes!

Gold Coast ‘Digital Easter Egg Hunt 2021 creates a leisurely parent-child holiday for you.
Enjoy the ever first digital egg hunt safely!

Not only is there egg scavenger hunt, at Gold Coast Piazza are also a gashapon measures, a claw machine and several fun-filled game booths for participants to win prizes. An assortment of gifts is here expecting participants to take them home.

Owing to the sanitation and anti-pandemic concerns, a special crowd control system will be implemented. The entire event will be further split into sessions to avoid crowds. Sufficient social distance is therefore guaranteed and unnecessary contact with objects is avoided.

Leisurely Vacation surrounded by Natural Landscapes

Other than the fun and exhilarating Egg Hunt, Hong Kong Gold Coast precinct is the ideal choice for STAYCATION. Hong Kong Gold Coast Hotel features a long coastline, expansive outdoor gardens and a range of award-winning delicacies to pamper guests. Myriads of workshops and recreational facilities are also available to bring kids an awesome Easter experience. What’s more, Gold Coast Piazza also offers several al fresco dining spots for guests to choose from. The STAYCATION at Gold Coast can be no different from a foreign holiday n.

Book tickets now to enjoy Hotel Getaway Package featuring Deluxe Seaview Rooms & other Recreational Facilities

If you wish to join the thrilling “Gold Coast ‘Digital’ Easter Egg Hunt 2021” with your kids, you must act now and pre-purchase event tickets! Better yet, Hong Kong Gold Coast Hotel is launching the “Egg-cellent Easter Fun Vacation” packages which include one-night or two-night stay in a Deluxe Seaview Room, tickets of “Gold Coast ‘Digital’ Easter Egg Hunt 2021”, “Draw & Grow” Easter Egg Workshop and amusing outdoor games. Book now lest you miss a remarkable Easter holiday memory!

Hong Kong Gold Coast presents “Gold Coast ‘Digital’ Easter Egg Hunt 2021”

“Gold Coast Easter Egg Hunt”

Date

From 1 to 6 April, 2021(Thursday to Tuesday)

*Only hotel guests can participate on 1 & 2 April and hence no public ticket sale

Location

Hong Kong Gold Coast

Tickets Details:

Group and time

From 3 to 6 April, 2021

Group A :(3 to 6 April)

Check in from 11 am to 12 nn, the game will start from successful login and end within 2 hours

Group B:(3 to 5 April)

Check in from 12 nn to 1 pm, the game will start from successful login and end within 2 hours

Group C: (6 April Only)

Check in from 1 pm to 2 pm, the game will start from successful login and end within 2 hours

* Each of the above groups must consist of one parent and one 3- to 11-year-old child

* Every session is about 2 hours

Ticket Regular Price

HK$220

Include 1 session of Egg Hunt, 1 time each to play the gashapon machine, claw machine and game booths

How to participate

Early-bird offer: From today to 26 March, purchase ticket at HK$200 at https://bit.ly/HKGCEEH2021. Limited offers while stocks last.

* There is no alteration or refund once the transaction is completed.

Prizes

*Total value over HKD 880,000 in total

*Refer to appendice 1 for details

Hong Kong Gold Coast Hotel “Egg-cellent Easter Fun Vacation”

Promotion Date

27 March to 11 April, 2021

Check-in Dates & Prices

28 – 31 March; 7, 8, 9 and 11 April – From HK$1,180 net

27 March; 1, 6, 10 April – From HK$1,380 net

2 – 5 April – From HK$1,680 net

Programme Details

Egg-cellent Easter Fun Vacation (1-night package), privileges include:

Day 1

  • One-night accommodation in a Deluxe Seaview Room
  • One session of Gold Coast Digital Easter Egg Hunt for one adult and one child (for stays between 1 and 6 April 2021)
  • One session of outdoor games (4 games per session) at Gold Coast Square
  • 50% discount on Gold Coast Ziplines and Mini Train Ride^
  • In-room minibar (6 cans of soft drinks per stay)
  • Wi-Fi
  • Shuttle bus service (subject to availability)

Day 2

  • Breakfast* for two adults and one child
  • One session of “Draw & Grow” Easter Egg Workshop for one adult and one child

Additional child pass (includes all the above privileges):

  • HK$300 / HK$450# net per person per night

Special offer for members of iPrestige, Sino Club, Gold Coast Yacht and Country Club, and residents of Hong Kong Gold Coast Residences:

  • Extra one session of outdoor games (4 games per session) at Gold Coast Square

Egg-cellent Easter Fun Vacation (2-night package), privileges include:

Day 1

  • Complimentary upgrade to a Deluxe Seaview Room with Balcony for the entire stay
  • One session of Gold Coast Digital Easter Egg Hunt for one adult and one child (for stays between1 and 6 April 2021)One session of outdoor games (4 games per session) at Gold Coast Square
  • 50% discount on Gold Coast Ziplines and Mini Train Ride^
  • In-room minibar (6 cans of soft drinks per stay)
  • Wi-Fi
  • Shuttle bus service (subject to availability)

Day 2

  • Breakfast* for two adults and one child
  • One session of “Draw & Grow” Easter Egg Workshop for one adult and one child
  • Extra one session of outdoor games (4 games per session) at Gold Coast Square
  • A refreshment bag (self-pick up at Satay Inn between 3:00pm and 6:00pm)

Day 3

  • Breakfast* for two adults and one child
  • One session of Mosaic Music Box Workshop for one adult and one child

Additional child pass (includes all the above privileges):

  • HK$300 / HK$450 netper head each night#

Special offer for members of iPrestige, Sino Club, Gold Coast Yacht and Country Club, and residents of Hong Kong Gold Coast Residences:

* Extra one session of outdoor games (4 game per session) at Gold Coast Square

^ Subject to weather condition, venue availability, age, height and weight restrictions

* Breakfast will be served in different timeslots which booking is subject to availability

# For stays between 1 and 6 April 2021

Enquiries and booking

For getaway package reservations and enquiries: 2452 8833

Website: http://bit.ly/easter-package-21-en

Appendice 1


Prize List of “Gold Coast ‘Digital’ Easter Egg Hunt 2021”


* Each gift bag is redeemed with egg hunt game points. Combination of each bag may be slightly different. The number of each gift is limited, while stocks last.


Gifts

Free accommodation at Gold Coast hotel, Dining voucher at Gold Coast Prime Rib, Venture Studios Hong Kong, Family Photography Gift Voucher, Ebeneezer’s Dining Voucher, Joyful and Health Chinese Medicine Centre Ltd., JH Moisturizing Cream, Sealect Snackit Chicken & Mayonnaise, DCH Auriga – Children’s nutrition products (Healthy Care Kids Chewable Computer Eyes, Healthy Care Kids Chewable Vitamin C, Healthy Care Kids Chewable Zinc + Vitamin C, Healthy Care Kids Chewable Immune, Healthy Care Kids Chewable Calcium+ Vitamin D3), Darlie – [Twin Pack] Double Action Toothpaste + free Chibi Maruko Chan – (Plate set, Darlie kids toothpaste travel kit), Biore UV Kids Pure Milk, SKN(one of the following by random)(Earth’s Best – Whole Grain Oatmeal Cereal, Earth’s Best – Whole Grain Multi-grain Cereal, Dr. PawPaw – Tinted Ultimate Red Balm, Ella’s Kitchen Hand Sanitizer), PROCARE HK ASTM F2100 Level 2 face mask, Oxford Story Tree reader, 1901 BDF Tea, National Geographic (Duo Small Wallet, Trendy Sling Bag), Now TV Limited Edition Note Book, Oatly Oat Drink Organic, Geox (GEOX Playkix sneakers, Obtain HKD 100 Cash voucher for liking Facebook page on the spot), Pod chocolate (Plant base , non dairy milk and vegan Chocolate), English tea shop organic tea (Green tea pomegranate, Chocolate roobios vanilla, Chamomile lavender, Lemongrass citrus ginger), SOYJOY Fruits Soy Bar, Yeo’s Soybean Milk, Bravo Season Crispy Snacks( Bravo Season Dehydrated Fruits, Bravo Season Freeze-dried Fruits), Disinfectant – General Purpose, TW POP Salty Lime Soda TW POP, Alpro Barista Coconut (Alpro Original Almond, Alpro Original Coconut)

About Hong Kong Gold Coast, Gold Coast Piazza and Hong Kong Gold Coast Hotel

Located at the waterfront of Castle Peak Bay, Hong Kong Gold Coast is an accessible yet idyllic seaside retreat merely 30 minutes’ drive from the hustles and bustles of the city and the airport featuring a resort hotel, a premier private country and yacht club, a superb collection of luxury seaview apartments and villas, and an exciting outdoor shopping mall.

Situated by a beautiful marina and Golden Beach, Hong Kong Gold Coast spans hectares of lush greenery and landscape that offers a lifestyle embracing Nature Leisure Pleasure, attracting international and local visitors as well as friendly neighbouring communities attracted to the outdoors, sun and sand.

As part of the Gold Coast resort destination, Gold Coast Piazza is a scenic, European-style dining, entertainment and shopping mall in an open-air, pedestrian-friendly setting. Its romantic Mediterranean architecture and ambience is complemented by a terrace garden, waterfront promenade and the yacht marina, while a festive spirit pervades the piazza year- round with seasonal décor, activities and performances.

Its renowned repertoire of seaside and alfresco dining outlets, pub and coffee shops offers Vietnamese, Singaporean, French, Italian, Chinese and Western cuisine and casual comfort food. A wealth of amenities is also available including convenience store, supermarket and beauty and barber shops catering every need of visitors and residents.

Hong Kong Gold Coast Hotel is a beautiful beach resort offering tranquil tropical gardens with direct access to Golden Beach, providing the perfect setting for a dream wedding, a relaxing family holiday, a romantic getaway or corporate team-building events. Our 453 rooms and suites, including ten kid-themed rooms, feature views of the sea or the marina of neighbouring Gold Coast Yacht Country Club, offering a holiday indulgence in Nature. Leisure. Pleasure. as they enjoy the serene setting and genuine warmth of our service.

For more information, please visit:

www.goldcoast.com.hk

www.goldcoastpiazza.com.hk

www.goldcoasthotel.com.hk