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Wrap It Up! A Christmas Atelier at LANDMARK curated by Sarah Andelman

Celebrate the Art of Gifting with Sarah Andelman’s First Large-Scale Installation in Asia Featuring Collaborations with 10 Renowned International Artists

Join Us at LANDMARK for a Creative Workshop with Japanese Artist-Duo, Ribbonesia, and Collect Limited-Edition Items from FriendsWithYou, Kasing Lung, Mr.A, Nina Chanel Abney—All In Support of Charity Partners Through Hongkong Land HOME FUND

HONG KONG SAR – Media OutReach Newswire – 20 November 2024 – This holiday season, LANDMARK invites Hong Kong to an exceptional celebration of the art of gifting. In collaboration with world-renowned cultural curator Sarah Andelman, “Wrap It Up! A Christmas Atelier at LANDMARK” marks her first large-scale installation in Asia. Inspired by Sarah’s discerning global perspective, LANDMARK will be transformed into an enchanting ribbon-filled wonderland, breathing new life into the cherished tradition of gift wrapping in an immersive and unique manner. Beginning on 21 November, clients are invited to explore this festive atelier, discovering the true allure of gifting and the joy of turning each present into a thoughtful, heartfelt treasure.

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Curated by Sarah Andelman—the cultural connoisseur known for her refined taste and innovative contributions to contemporary retail as the visionary behind Just An Idea and legendary Parisian concept store, Colette—LANDMARK proudly collaborates with ten internationally celebrated artists: Ceizer, Fenwan Chen, Forlee Bean, FriendsWithYou, Gabriela Noelle, Kasing Lung, Katerina Jebb, Mr.A, Nina Chanel Abney and Ribbonesia.

This illustrious alliance comes together to reimagine the very essence of gift wrapping, creating a series of meticulously designed experience zones, along with exclusive designer ribbon collections, and limited-edition collectibles, all curated for discerning LANDMARK customers. All visual elements and graphic design for this project have been crafted by the Parisian creative studio Faye and Gina, under Sarah Andelman’s artistic direction.

In Sarah’s words, “Collaborating with LANDMARK for my first large-scale installation in Asia was natural, as it stands out as a distinctive global destination in the dynamic heart of Hong Kong. The energy of this space aligns beautifully with my vision, offering a vibrant canvas for creativity and artistic expression. Together, we rekindle the joy of thoughtful gifting and create a magical experience that resonates with both locals and visitors alike.”

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The Christmas Atelier Experience

Blending physical and digital elements, Sarah and the 10 artists have conjured 12 dynamic experience zones on stage, along with 6 more offstage experiences within LANDMARK ATRIUM. Guests will embark on a journey to explore the art of gifting in this immersive ribbon installation.

They’ll find delightful ribbon-themed games and interactive wonders, along with a range of personalised experiences onstage. Guests can design and print their own ribbons, and transform cheerful snapshots into custom postcards to share this joyful experience with someone special. Those who secure a spot in the exclusive Ribbonesia Workshop will have the opportunity to add personal touches to the hand-crafted ribbon ornaments by Japanese ribbon master Ribbonesia, bringing home a one-of-a-kind festive keepsake.

The popular character ‘Zimomo’ by Kasing Lung makes a grand entrance at the ‘Wrap It Up!’ installation at LANDMARK with an awe-inspiring, 2.5-metre-tall Christmas display, destined to be the holiday photo spot. Numerous stunning installations will also be unveiled throughout LANDMARK ATRIUM, both onstage and off. Whether posing with the giant pink cushion compact at The Beauty Spot, enjoying the Ribbon Dreams Swing or exploring the Ribbon Wonderland filled with Ribbonesia’s beautiful masterpieces, participants are guaranteed a picture-perfect moment. These unforgettable photo opportunities are sure to leave you with cherished memories that will sparkle long after the holiday season.

Mr. Alexander Li, Director and Head of Retail, Hong Kong & Macau, Hongkong Land Limited, says: “We are thrilled to be able to bring world-class visionaries such as Sarah Andelman to LANDMARK and Hong Kong – it demonstrates the continued attraction of this city as a globally recognised destination. This holiday season we invite clients to take the opportunity to immerse themselves in the essence and beauty of the act of gifting, from design to production, selection and purchase. Through our Atelier, we hope clients can use ribbons and wraps to add their own final and special touch for somebody they love.”

Visit the LANDMARK website to reserve your time slots for all Christmas installation activities and embrace the spirit of gifting, perfect for both adults and children!

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Exclusive Collectibles for Charity Sales

Christmas is a season for giving, and LANDMARK is elevating the festive spirit by collaborating with internationally acclaimed artists to showcase limited-edition items for charity sales. Among the must-have collectibles are our exclusive designer ribbon collections, each featuring unique artwork by celebrated artists, as well as five exquisite, handcrafted ribbon ornaments created by Ribbonesia, a fabulous range of Catsk8 collectibles by Hong Kong-based artist Forlee Bean, and a limited-run of Wrap It Up! iPhone cases by CASETiFY. Also, stay tuned for a special edition Zimomo collectible, to be unveiled at a later date! Consistent with the theme, LANDMARK will feature two gift wrapping stations, allowing customers to have their gifts wrapped while contributing to charity.

Sarah Andelman has supported this charitable cause by offering a handpicked selection from her publishing company, Just an Idea Books, for charity sales. Each piece showcases her unique taste and style, making them a delightful addition to any collection.

LANDMARK is also partnering with the Landmark Mandarin Oriental Hong Kong to present a festive cake shop featuring specially crafted holiday pastries for a limited time only. A highlight of The Cake Shop by LMO-Freshly Baked is the debut of ‘sacai THE cake by Richard Ekkebus,’ the Michelin-star chef from Amber who has teamed up with Japanese fashion brand sacai to create a special “S” shaped cake (limited quantities daily) in celebration of the holiday season.

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Supporting Local Charities This Giving Season

The net proceeds from ticket sales for the stage experiences, as well as earnings from the Charity Sales, Cake Shop, Gift Wrapping Counter and Christmas charity booths, will benefit Hongkong Land HOME FUND’s supported charities, aiding their efforts to assist young people and underprivileged children in Hong Kong. The beneficiaries include Caritas Hong Kong, dedicated to offering relief and rehabilitation services to the poor and the distressed; the Hong Kong Christian Service (HKCS), which supports and inspires the disadvantaged and the neglected through over 100 service units across Hong Kong; and Light Be, a pioneering housing organisation that empowers youth and families with children; and Make-A-Wish Hong Kong, which fulfils the dreams of critically ill children. Customers can also donate toys from 21st November 2024 to 1st January 2025, at the concierge on 2/F of LANDMARK ATRIUM and G/F of LANDMARK Prince’s, sharing love with children in need.

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Continuing our tradition of community support, this Christmas is especially meaningful thanks to our business partners and tenants. Building on the success of last year’s campaign, “Christmas Trees of Hope,” Hongkong Land HOME FUND has once again invited tenants and partners to support Hong Kong’s community by sponsoring Christmas trees across the Central Portfolio. This year, the donation opportunity has also extended to LANDMARK’s pedestrian bridges, where donors have also donated to adorn the bridges, fostering a warm and cheerful ambiance across Hongkong Land’s Central portfolio.

Unlock Exclusive Gifting Season Rewards*

In addition to the experience at LANDMARK ATRIUM, from 21st November to 26th December 2024, customers can enjoy exclusive Gifting Season Rewards. Every shopping excursion or culinary experience at our 70+ dining destinations will unlock special privileges designed to enhance Christmas festivities.

Shoppers will earn up to 5x BESPOKE Rewards Points, along with festive rewards and gifts, and benefit from our exquisite gift-wrapping service. As a special touch, a curated festive collection of treats from Mandarin Oriental, Charbonnel et Walker, See’s Candies, Townhouse, Bed & Bath and Bookazine will be available, ensuring that each thoughtfully chosen present carries heartfelt blessings.

*Terms and conditions apply. Please refer to website for more details.

Gifting Season Rewards
21st November – 26th December 2024
Early Bird Period: 21st November – 11th December 2024

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Event Details
Wrap It Up! A Christmas Atelier at LANDMARK curated by Sarah Andelman
Date: 21 November 2024 to 1 January 2025
Opening Hours: 10:30am – 7:30pm
Location: G/F, LANDMARK ATRIUM

Pass Type Access Details Price
Onstage Experience Pass 11 onstage experiences
(The Ribbonesia Workshop not included)
HK$100 / Person
Onstage Experience Pass & The Ribbonesia Workshop Pass 12 onstage experiences
(The Ribbonesia Workshop included)
HK$180 / Person

Collectibles for Charity Sales

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Hashtag: #LANDMARKHK

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

About LANDMARK

LANDMARK represents the epitome of top-tier luxury shopping and lifestyle experiences. Drawing from a rich heritage which began in 1904 – LANDMARK today is the luxury shopping destination of Hongkong Land’s Central portfolio including 4 iconic connected buildings, LANDMARK ATRIUM, LANDMARK ALEXANDRA, LANDMARK CHATER and LANDMARK PRINCE’S. LANDMARK offers approximately 208 of the finest stores and restaurants, all seamlessly linked by pedestrian bridges. From high fashion and accessories to watches and jewellery, from luxury living to beauty and grooming, from international cuisine to authentic gourmet dining, LANDMARK brings the ultimate shopping experience to the discerning customer.

About Hongkong Land

Hongkong Land is a major listed property investment, management and development group. The Group focuses on developing, owning and managing ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. Its mixed-use real estate footprint spans more than 850,000 sq. m., with flagship projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. The Group’s Hong Kong Central portfolio represents some 450,000 sq. m. of prime property. The Group has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures and five retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing. In Shanghai, the Group owns a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, which is due to be completed in 2028. Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. Hongkong Land is a member of the Jardine Matheson Group.

GKN Hoeganaes to Support First Phosphate in LFP Cathode Active Material Development


Cinnaminson, New Jersey – Newsfile Corp. – November 20, 2024 – GKN Hoeganaes, a division of GKN Powder Metallurgy and one of the largest iron powder producers globally, today announces a strategic collaboration with First Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”). This partnership marks a significant step toward establishing a North American supply chain for lithium iron phosphate (LFP) batteries, a critical component for the electric vehicle (EV) and energy storage industries.

The partnership follows GKN Hoeganaes’ successful integration of First Phosphate’s magnetite into its proprietary Ancorsteel melting process. This innovative process has led to the development of a high-purity iron powder, which serves as a precursor for lithium iron phosphate cathode active material, necessary for the production of LFP batteries.

LFP batteries, known for their cost-effectiveness, safety, and stable raw material availability, are increasingly in demand for EVs and stationary energy storage systems. In support of this demand, the collaboration marks one of the first substantial efforts to establish a North American production line for LFP battery components, helping reduce dependency on international supply chains.

“Partnering with First Phosphate enables us to contribute our advanced iron powder technology to a rapidly growing industry that is focused on clean and efficient energy storage solutions”, said Matthias Voss, President at GKN Hoeganaes. “This collaboration underscores our commitment to fostering a local supply chain for LFP batteries, addressing both sustainability and technological innovation.”

First Phosphate is set to integrate high purity Ancorsteel into its upcoming iron phosphate precursor (FP pCAM) and lithium iron phosphate cathode active material (LFP CAM) production facility in Saguenay-Lac-St-Jean, Quebec, with ambitions to reach 400,000 tonnes per annum by 2032. Supporting this vision, GKN Hoeganaes is prepared to scale its Gallatin, Tennessee operations, already the world’s largest steel atomizing plant, and will be providing its research and development facilities in Cinnaminson, New Jersey, for process enhancement and optimization.

“Working with GKN Hoeganaes to bring Ancorsteel to the market is a vital step in advancing our mission to create a sustainable and locally sourced LFP battery supply chain”, said John Passalacqua, CEO at First Phosphate. “This partnership combines our high-quality phosphate resources with GKN Hoeganaes’ expertise in iron powder production, setting the stage for a robust North American battery ecosystem.”

A key differentiator of this newly developed Ancorsteel material is its composition of sustainable North American iron scrap and magnetite, aligning with non-FEOC standards for domestic production. The partnership aims to secure the production of LFP batteries with domestic, circular, and environmentally friendly materials.

About GKN Hoeganaes
GKN Hoeganaes, part of GKN Powder Metallurgy, is a world leader in the production of water atomized iron and alloy powders, all produced from locally-sourced scrap material. The business has large-scale powder production plants in North America (Gallatin, TN) and Europe (Buzau, Romania) to produce these materials, as well as a joint venture in Bazhou, China.

GKN Hoeganaes has produced powder for over 70 years and specializes in high volume, customizable metal powder production, tailored to fit customer requirements.

About GKN Powder Metallurgy
GKN Powder Metallurgy is a world-leading provider of powder metal materials, components, and solutions. In co-development with its customers and business partners, the company uses a unique range of best-in-class powder metallurgy technology to solve complex challenges in the automotive and industrial industries, delivering sustainable and innovative solutions.

GKN Powder Metallurgy is dedicated to achieving sustainable goals by providing leading powder metal expertise, innovative engineering, and extensive process experience to transform ideas into reality.

Part of the Dowlais Group plc, GKN Powder Metallurgy employs over 5,000 forward-thinking experts across 28 manufacturing locations and two innovation centers, ensuring the highest level of engineering excellence around the globe.

About First Phosphate Corp.
First Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in a responsible manner and with low anticipated carbon footprint.

First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source.

First Phosphate is owner and developer of the Bégin-Lamarche property in Saguenay-Lac-St-Jean, Quebec, Canada that consists of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

Press Contact for GKN Powder Metallurgy:
Christiaan P. Klaus
Global Strategic Marketing Manager
christiaan.klaus@gknpm.com

Press Contact for First Phosphate Corp:
Bennett Kurtz
Chief Financial Officer
bennett@firstphosphate.com

Forward-Looking Information and Cautionary Statements
This news release contains certain statements and information that may be considered “forward-looking statements” and “forward looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things: the Company’s planned exploration and production activities; the properties and composition of any extracted phosphate; the Company’s plans for vertical integration into North American supply chains; the future demand for LFP batteries; the Company’s completion and operation of industrial facilities, including FP pCAM and LFP CAM production facilities, and the nature of the outputs and the timing of commencement of initial production from such facilities; the future integration of operations between the parties; and scaling of GKN Hoeganaes facilities the provision of R&D facilities.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company’s long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company’s property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company’s projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; key personnel continuing their employment with the Company; continued increasing demand for LFP batteries; the Company obtaining necessary financing, approvals, equipment and technology, and the completion of all other matters necessary for the construction and operation of the Company’s industrial facilities, including FP pCAM and LFP CAM production facilities; and the scaling of GKN Hoeganaes facilities the provision of R&D facilities, within the disclosed timelines and on terms acceptable to the parties.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: limited operating history; high risk of business failure; no profits or significant revenues; limited resources; negative cash flow from operations and dependence on third-party financing; the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company’s exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company’s mineral properties may be challenged or defective; Aboriginal title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks may adversely affect the company; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; current global financial conditions; fluctuation in commodity prices; dilution; future sales by existing shareholders could cause the Company’s share price to fall; fluctuation and volatility in stock exchange prices; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.

These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian and United States securities authorities, including without limitation the “Risk Factors” section of the Company’s Annual report on Form 20-F dated July 8, 2024 and Management Discussion and Analysis dated October 21, 2024 which are available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

AI-Driven Coverage of U.S. Elections by Taiwan’s Leading Tech Media TVBS, Breaks Records with ABC’s Exclusive Content


TAIPEI, TAIWAN – Media OutReach Newswire – 20 November 2024 – As Taiwan’s leading tech media powerhouse, TVBS consistently pioneers in merging advanced technology with high-quality journalism, delivering timely and accurate global news to Taiwanese audiences. With the 2024 U.S. presidential election drawing close competition between the two main candidates, the vote-counting process captivated viewers in Taiwan. On election day, TVBS News Channel, TVBS Channel, and TVBS News Network collaborated exclusively with the American Broadcasting Company (ABC), utilizing live U.S. footage and implementing real-time AI voice recognition translation.

TVBS Anchor Liang-Chien Ching (left) discusses the vote count with Sam Houston State University Professor Lu-Chung Weng, delivering expert analysis and real-time updates.
TVBS Anchor Liang-Chien Ching (left) discusses the vote count with Sam Houston State University Professor Lu-Chung Weng, delivering expert analysis and real-time updates.

TVBS anchors Georgina Fang and Ling-Chian Chin provided expert analysis on the vote count, offering viewers real-time election updates. TVBS News Network’s marathon special broadcast on YouTube employed a “diverse perspectives + local voices” strategy, attracting a young audience and reaching the trending charts with an impressive 1.5 million views. TVBS News Director Kit Ling Wong commented, “This year, through video connections, we invited U.S.-based key opinion leaders, Taiwanese living in the U.S., and renowned professors to delve into election topics that matter to young people, helping young viewers feel more connected to global events.”

TVBS Deliver Real-Time Updates and AI-Translated Trump Victory Speech

TVBS’s reporting team covered the election from multiple locations across the U.S., interviewing local voters and broadcasting live from the two major parties’ election headquarters. The “2024 U.S. Presidential Election Coverage” special on TVBS News Channel included live connections with U.S.-based correspondents, in-studio discussions with Sam Houston State University Professor Lu-Chung Weng, and real-time vote analysis by Anchor Georgina Fang on TVBS Channel. Their in-depth coverage of state-by-state vote counts and Trump’s victory speech set new viewership records. Exclusive footage from ABC was interwoven into TVBS’s broadcasts, offering viewers real-time election updates. Other TVBS election specials, including Focus Global News, TVBS Sisy’s World News, and TVBS News Talk, provided an in-depth analysis of global post-election dynamics, resonating strongly with audiences and leading YouTube live broadcasts to trend.

Throughout the vote-counting process, TVBS platforms employed sleek, streamlined visual designs to present real-time electoral vote updates, with anchors using touchscreens to explain swing state data. The most remarkable feature was the AI-powered real-time translation, including simultaneous translation of ABC’s vote-counting updates and Trump’s victory speech in the early afternoon Taiwan time. TVBS’s AI rendered accurate, fluent translations in sync with the original audio, allowing even viewers unfamiliar with English to follow the speech in real-time. Viewers noted, “Watching TVBS’s live coverage, we can really see the technological advancements in the media!”

TVBS Election Coverage Reaches 1.5 Million Views; Featured on LINE TODAY and Tamkang University’s Strategic Studies

TVBS News Network mobilized four hosts and eight domestic and international experts, plus U.S. correspondents, for a continuous seven-hour election coverage special on YouTube. At its peak, it attracted 30,000 simultaneous viewers and accumulated 1.5 million views within a day, hitting the YouTube trending charts! The “Understanding the U.S. Election” web page launched by TVBS News Network provided a one-stop resource for election information, featuring an intuitive interactive design to help readers grasp the policies and stances of both camps. Since its launch in September, it has garnered over 5 million views. TVBS’s precise and rapid reporting also positioned it as a news partner on LINE TODAY, providing over 1.4 million mobile users with up-to-the-minute election updates. Furthermore, TVBS News Network’s in-depth election coverage, appealing to younger audiences, has become a teaching tool in collaboration with Tamkang University’s Graduate Institute of International Affairs and Strategic Studies, making it an educational resource on election coverage.

Through comprehensive media strategies and staying abreast of global developments, TVBS remains committed to providing in-depth, forward-looking news planning and immediate event analysis. It aims to offer Taiwanese audiences a more profound, well-rounded understanding of global affairs. With the mission of “Bonding the World, Empowering Taiwan,” TVBS continues strengthening ties between Taiwan and the world.
Hashtag: #TVBS

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

Trump’s re-election sparks a bullish rally in the cryptosphere. Global broker Octa analyses the reasons and implications


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 20 November 2024 – Bitcoin, the world’s most famous digital currency, has demonstrated an impressive performance following the U.S. presidential elections, in which Donald Trump, a Republican candidate, achieved a decisive victory. Although it has been widely speculated that Bitcoin would rally under Trump, a 30% rise in value in the course of just two weeks surprised even the most ardent crypto bulls. In this release, Octa, a global broker, sheds light on what awaits the crypto industry in general and Bitcoin in particular going forward.

Source: Shutterstock
Source: Shutterstock

In the early hours of the Asian trading session on 6 November, as the first results of the U.S. Presidential elections started to hit the wires and it became increasingly clear that Donald Trump would return to the White House, Bitcoin (BTCUSD) hit a new all-time high. According to Coinbase, BTCUSD closed at 75,645 on 6 November, above the previous record of 73,835. Since then, Bitcoin has been establishing new all-time highs essentially every single day. Overall, it has risen by more than 30% since 5 November. The stocks of companies either directly or indirectly involved in cryptocurrencies, such as Nvidia and MicroStrategy, also marched higher in response to election results.

Such a favourable market reaction to Trump’s victory stems from investors’ belief that his Administration, coupled with a friendly Congress, will effectively deregulate the crypto industry, facilitate its expansion and implement a coherent regulatory framework that will serve investors and consumers for years to come. ‘It should be said, argues Kar Yong Ang, a financial market analyst at Octa broker, that this belief is not without foundation. Trump has managed to lure many crypto fans to his side with his bold moves, clear views and a strong focus on deregulation’.

Indeed, as Octa explained in some of its previous materials, Trump has been a lot more explicit in his support of crypto than Kamal Harris. Unsurprisingly, many crypto enthusiasts, as well as some serious crypto investors, supported Trump over Harris. For example, in a rather bold move, Donald Trump attended a Nashville Bitcoin conference in July, where he advocated for creating a federal Bitcoin reserve and highlighted the importance of attracting more Bitcoin mining operations to the United States. Another crypto-friendly gesture was Trump’s alleged promise to fire Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), whom many in the cryptosphere regard as an adversary due to his numerous lawsuits against crypto projects. Under a new leader appointed by Donald Trump, the SEC could potentially provide a more favourable regulatory environment for digital assets. Furthermore, now that Republicans are in full control of both the Senate and the House of Representatives, Donald Trump has a door wide open to push forward his agenda. This is what the official 2024 Republican Party Platform said about crypto:
‘Republicans will end Democrats’ unlawful and un-American crypto crackdown and oppose the creation of a central bank digital currency. We will defend the right to mine Bitcoin and ensure every American has the right to self-custody their digital assets and transact free from government surveillance and control’.

Needless to say, the new Congress is a lot more likely to enact legislation favourable to the crypto industry. ‘As things currently stand, I believe there is every reason to expect the approval of more crypto-focused ETFs [exchange-traded funds] that, for example, may be based on other cryptocurrencies, like Solana and XRP. Who knows, we might even get a Dogecoin ETF. Why not? Dogecoin is Elon Musk’s favourite crypto token, and Elon certainly has some weight on Trump’s team’, said Kar Yong Ang, a financial market analyst at Octa broker. Interestingly, according to CoinmarketCap, the value of Dogecoin has more than doubled since 5 November.

Major Crypto Coins Performance in 2024. (31 December 2023 = 0)
Major Crypto Coins Performance in 2024. (31 December 2023 = 0)

Regulatory easing triggers innovation, and more crypto products may enter the mainstream financial markets. This could potentially lead to increased institutional investment in cryptocurrencies, as ETFs provide a more accessible and regulated way for investors to gain exposure to the market.

Despite the recent price surge and record-high valuations, Bitcoin remains in demand. On Monday, MicroStrategy Incorporated disclosed that it had added 52,000 Bitcoins to its portfolio worth $4.6 billion over the last week, marking the largest purchase in the company’s history. The key question now is—can the rally continue?

Kar Yong Ang, a financial market analyst at Octa Broker, has this to say: ‘Franky, I’m beginning to have a bad feeling about this naked optimism. Euphoria rarely ends well, and this euphoria has been going on for a bit too long now. When expectations run high, the risk of a major disappointment rises, and I think we might see increased volatility in Bitcoin with perhaps a major downward correction around the corner. At the same time, the long-term future looks bright, especially if the Trump administration does go ahead with its plan to establish a federal Bitcoin reserve’.

The exact mechanics of creating this new national Bitcoin reserve remain unclear. Still, if the U.S. government were to start acquiring Bitcoin through open market purchases, the potential upside for the cryptocurrency could be enormous. Also, the direct involvement of the U.S. government will significantly bolster Bitcoin’s intrinsic value and legitimise it as a mainstream asset. As Kar Yong Ang explains, ‘the supply of Bitcoin is limited, so assuming the U.S. government does not engage in direct mining, the only way to fill up the reserve is via direct purchases. This intention, if there is one, better be kept secret because it will certainly take Bitcoin to the moon’.
Hashtag: #Octa

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

Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

Johnson Electric reports results for the half year ended 30 September 2024


Highlights of FY24/25 Half-Year Results

  • Group sales US$1,854 million – down 4% compared to first half of the prior financial year
  • Gross profit US$438 million or 23.6% of sales (compared to US$430 million or 22.2% of sales in the first half of the prior financial year)
  • Adjusted EBITA US$177 million or 9.5% of sales (compared to US$180 million or 9.3% of sales in the first half of the prior financial year)
  • Net profit attributable to shareholders increased by 8% to US$130 million or 13.92 US cents per share on a fully diluted basis
  • Underlying net profit, excluding the net impact of unrealized gains or losses relating to exchange rate movements and restructuring costs, increased by 3% to US$133 million
  • Free cash flow from operations US$144 million (compared to US$208 million in the first half of the prior financial year)
  • Total debt to capital ratio of 12% and cash reserves of US$688 million as of 30 September 2024
  • Interim dividend 17 HK cents per share (2.18 US cents per share)

HONG KONG SAR – Media OutReach Newswire – 20 November 2024 – Johnson Electric Holdings Limited (“Johnson Electric”), a global leader in electric motors and motion subsystems, today announced its results for the six months ended 30 September 2024.

Total group sales for the first half of the 2024/25 financial year were US$1,854 million, a decrease of 4% compared to the first half of the prior financial year. Net profit attributable to shareholders increased by 8% to US$130 million or 13.92 US cents per share on a fully diluted basis. Underlying net profit increased by 3% to US$133 million.

Automotive Products Group

The Automotive Products Group (“APG”), which accounted for 84% of total Group sales in the period under review, reported a 3% decline in sales on a constant currency basis – which was in line with the overall reduction in global light vehicle production volumes.

On a regional basis, APG’s constant currency sales were lower by 1% in Asia, 3% in Europe, and 5% in the Americas. All major product and subsystem categories felt the effects of weaker OEM demand as the industry worked to reduce excess inventory levels that accumulated during 2023’s post-Covid rebound in production. At the same time, consumer appetite to purchase new cars is being negatively impacted in China by concerns over declining property prices and, in the case of North America and Europe, by high vehicle prices and high interest rates.

Current macro-economic conditions notwithstanding, the automotive industry’s structural evolution is continuing at a rapid pace. Most notably, China has emerged as a transformative force in the sector through its position as both the world’s largest market and the most dynamic in terms of its adoption of electric propulsion technology. Sales of all-electric and plug-in hybrid models recently exceeded the rate of one million vehicles per month and these now account for close to half of all passenger vehicles sold. Furthermore, in less than five years, PRC OEMs have become the domestic market leaders by offering high-quality, cost-competitive new energy vehicles that feature integrated software and advanced infotainment systems. APG’s strategy of developing a portfolio of motion subsystems and products that function as key technology enablers of electrification has meant that we have continued to grow our sales across all of the major PRC OEMs. This includes the supply of electric water pumps, coolant valves, and integrated thermal management systems that optimize the performance of battery-powered vehicles, as well as a wide array of motion products that improve the comfort and safety of passengers.

The automotive markets in the major western economies are experiencing a period of adjustment which, for a number of reasons, is leading to greater volatility and less visibility on production volumes. In the face of changing consumer preferences, increasing regulatory pressures, and the imperative to reduce production costs, OEMs have been shifting production to different plants in different regions, exiting unprofitable models, and delaying new model launches. The pace of adoption of electric vehicles in some countries has also slowed as the market seeks to progress beyond early adopters to mass market acceptance at a time when consumers remain concerned about high vehicle prices and financing costs, along with persistent anxieties about driving range, charging infrastructure and resale values. Indicative of these concerns, sales of hybrid vehicles in Europe and North America have picked up strength as buyers view these vehicles as an affordable compromise between all-combustion and all-electric.

Although the varying speed and dimensions of the structural changes taking place in the automotive industry creates near-term operational challenges for component suppliers, APG remains particularly well positioned to continue to gain market share. We possess a unique global manufacturing footprint that extends across every major geographic market. And our strength in China places us at the forefront of vehicle electrification technology development.

Industry Products Group

The Industry Products Group (“IPG”), which accounted for 16% of total Group sales, reported a 9% decrease in sales on a constant currency basis. Although the rate of sales contraction compared to a year earlier has slowed, IPG continues to experience challenging operating conditions. In part this reflects the prolonged weakness in demand in the aftermath of the pandemic which has seen consumers generally less willing to spend on discretionary hardware products compared to services. It also reflects delays to a number of contracted new product launches and heightened competition in more commoditized product segments where price rather than functionality and reliability has become the key determinant of purchase.

IPG’s management is responding to these difficult conditions by rationalizing and consolidating its production to focus on segments where it can obtain the greatest leverage from highly automated assembly lines and digital processes. At the same time, the division is aggressively pursuing new business in a number of high growth segments where Johnson Electric has innovative solutions to customer problems, including warehouse automation, semiconductor manufacturing equipment, liquid cooling applications, and electric bikes.

Gross Margins and Operating Profitability

Despite the slowdown in sales in the first half of the year, management has continued to make encouraging progress in implementing its core strategies aimed at reducing operating costs and improving profitability. Gross profit margins increased to 23.6% from 22.2%. The improvement was largely the result of lower raw material costs and gains from foreign currency hedging contracts.

Earnings before interest, tax and amortization (“EBITA”) were US$171 million (compared to US$168 million in the first half of the prior year). Adjusted to exclude non-cash foreign exchange rate movements and restructuring charges, EBITA was US$177 million or 9.5% of sales (compared to 9.3% in the first half of the prior year). The increase in EBITA margins reflected the improvement in gross profit, offset by modest increases in freight and staff costs.

Net Profit and Financial Condition

Net profit attributable to shareholders totalled US$130 million or 13.92 US cents per share on a fully diluted basis. Underlying net profit, adjusted to exclude the non-cash impact of foreign exchange rate movements and restructuring charges, was US$133 million compared to US$130 million in the first half of the prior year. Free cash flow from operations declined from US$208 million to US$144 million due to an increase in working capital and slightly higher capital expenditure. Johnson Electric’s overall financial condition remains robust with a total debt to capital ratio of 12% and cash balances of US$688 million as of 30 September 2024.

Interim Dividend

The Board has today declared an interim dividend of 17 HK cents per share, equivalent to 2.18 US cents per share (2023/24 interim: 17 HK cents per share). The interim dividend will be payable on 8th January 2025 to shareholders registered on 17th December 2024.

Chairman’s Comments on the Half-Year Results and Outlook

Commenting on the results, Dr. Patrick Wang, Chairman and Chief Executive, said, “Johnson Electric achieved satisfactory financial results in the six-month period ended 30 September 2024 in the context of a subdued global economy and reduced automotive industry output.”

“Global demand for manufactured goods, including automobiles, has been sluggish through the course of 2024. European economies are struggling to grow in the face of high interest rates and geopolitical volatility. China continues to grapple with the effects of a severe property market downturn and an investment-driven model that has created significant excess capacity in many sectors. In the US, whilst overall economic conditions are more buoyant, industrial order levels have contracted in recent months and consumer confidence remains subdued.”

Regarding the outlook for the second half of the financial year, Dr. Patrick Wang commented, “Looking ahead to the second half of the financial year, we are cautiously optimistic that the scheduled launch of new programs and the replenishment of channel inventory in several application segments will provide the basis for a return to top-line growth.”

Dr. Patrick Wang further commented, “The main caveat to this sales outlook remains uncertainties over macro-economic conditions and consumer confidence. The recent US presidential election campaign has featured several potentially far-reaching, but loosely defined economic proposals that if implemented could have a highly disruptive impact on geopolitical relations and global trade. However, at this stage, it is not possible to gauge exactly how, or over what timeframe, the next US administration intends to proceed with its proposed radical changes to trade and economic policy. In the meantime, Johnson Electric will remain focused on executing its core strategies that include leading the market in developing innovative technology solutions to customer problems, driving continuous improvement in automation and digital processes to reduce cost, and optimizing a global manufacturing footprint that has consistently demonstrated its resilience and adaptability in response to external shocks or periods of volatility.”

Forward Looking Statements
This news release contains certain forward looking statements with respect to the financial condition, results of operations and business of Johnson Electric and certain plans and objectives of the management of Johnson Electric.

Words such as “outlook”, “expects”, “anticipates”, “intends”, “plans”, “believe”, “estimates”, “projects”, variations of such words and similar expressions are intended to identify such forward looking statements. Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results or performance of Johnson Electric to be materially different from any future results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding Johnson Electric’s present and future business strategies and the political and economic environment in which Johnson Electric will operate in the future.

Note to Editors and Securities Analysts: The full text of the Half-Year Results announcement, including additional financial statements, is available through the Investors section of company’s website at www.johnsonelectric.com
Hashtag: #JohnsonElectric

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

About Johnson Electric Group

The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 30,000 individuals in 22 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: .

OH!SOME Wins the FMCG Asia Awards 2024 for Global Membership Service System

Committed to Building a New Retail Membership System for the Southeast Asian Market


JAKARTA, INDONESIA – Media OutReach Newswire – 20 November 2024 – The one-stop trendy retail brand OH!SOME has won the Customer Experience Initiative of the Year – Indonesia Category at the prestigious FMCG Asia Awards 2024 for its innovative membership service system. Organized by the renowned magazine Retail Asia, this award aims to recognize the most outstanding companies in Asia’s fast-moving consumer goods (FMCG) industry, recognizing exceptional products, innovative innitiatives, and remarkable projects.

According to Retail Asia, OH!SOME’s award-winning membership service system draws on its highly interactive, experience-focused, and extensive store and service network, as well as robust operational capabilities, to establish a seamlessly integrated membership system that connects online and offline, spans channels, and crosses countries. By employing advanced technologies like artificial intelligence and big data, OH!SOME provides a convenient, stable, and secure digital experience, delivering a new shopping journey for consumers in Southeast Asia’s emerging markets.

Notably, beyond its the well-established membership points structure, OH!SOME has innovatively utilized points to develop tiered membership experiences. Each week, they host in-store events like family gatherings and fashion workshops, transforming their stores into community spaces where members can engage around and share interests. This unique approach enables OH!SOME to build a close, interactive relationship with its customers, fostering a collaborative ecosystem that both supports and enhances the consumer experience.

As a trendy retail brand offering a curated selection of global products, OH!SOME stands out with its diverse product categories, youthful and stylish designs, and engaging shopping experiences since entering the Indonesian market. The brand has since expanded into other Southeast Asian markets, including Malaysia, quickly winning consumer favor. So far, OH!SOME has established over 80 offline stores across Southeast Asia, operates its independent e-commerce platform OHSOME.COM, and has official stores on multiple platforms such as Shopee and TikTok Shop.

It is reported that the brand launched a store expansion plan this year, aiming to further extend its market reach across more countries and regions. Additionally, the brand will roll out regular membership events in all major stores, continually offering comprehensive, high-quality services to consumers and further strengthening its market influence in Southeast Asia.

OH!SOME is a one-stop trendy shopping brand originating from Singapore, with over 80 stores in regions such as Indonesia and Malaysia, along with an e-commerce platform. It offers a wide range of products, including beauty and skincare, trendy toys, snacks and beverages, daily essentials, and electronics from around the world. The brand aims to bring better products and shopping experiences to local consumers, helping to create a happier life.

Hashtag: #OH!SOME

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

SEAS unveils DigiLeap: AI-driven Decarbonisation Platform for Businesses supported by KPMG

  • DigiLeap is a first-of-its-kind AI-driven platform connecting over 200 enterprises, including financial institutions and technology providers, to expedite Singapore and ASEAN’s transition to net-zero.
  • Utilising advanced AI algorithms, DigiLeap customises matches between green projects and decarbonisation solutions, enhancing access to sustainable financing and innovative technologies.
  • Aligned with COP29 priorities, DigiLeap drives impactful climate action across key sectors such as energy, construction, and real estate, fostering substantial environmental progress in Singapore.

SINGAPORE – Media OutReach Newswire – 20 November 2024 – The Sustainable Energy Association of Singapore (SEAS) is proud to announce the launch of DigiLeap, a pioneering artificial intelligence (AI)-powered platform set to revolutionise the decarbonisation landscape. Developed with KPMG in Singapore as SEAS’ knowledge and technical partner, DigiLeap emerges as the first-of-its-kind sustainability services and solutions marketplace. At the Singapore Pavilion during COP29, SEAS also announced the platform’s regional access, significantly enhancing its reach and impact. This innovative tool leverages advanced AI matchmaking to bridge the investment gap, effectively connecting solution seekers with providers for sustainability and decarbonisation initiatives. By aligning with COP29 priorities and focusing on mobilising climate finance for actionable green projects, DigiLeap enhances precision, efficiency, and scalability in matching projects with the right partners. Currently, it hosts over 10 green projects and facilitates connections among more than 200 enterprises across ASEAN, positioning itself for rapid expansion to support thousands of projects and accelerate the region’s transition to net-zero.

KPMG, as the technical and knowledge partner, supported SEAS in designing and developing the DigiLeap platform, which is equipped with advanced AI capabilities to connect solution seekers with solution providers, accelerating the region’s green transition. This platform fosters a unified, data-sharing environment, increasing accessibility to both green technologies and sustainable financing solutions. It empowers businesses to accelerate climate action by providing streamlined, direct access to cutting-edge decarbonisation solutions and funding resources, ultimately accelerating Singapore’s progress toward net-zero commitments. KPMG also leveraged its extensive network to introduce strategic partners and stakeholders to significantly expand DigiLeap’s ecosystem and enhance its global reach.

The DigiLeap initiative has received support from Enterprise Singapore (ESG) and Asian Development Bank (ADB). SEAS has separately onboarded SGTech, Global Compact Network Singapore (GCNS), Singapore International Chamber of Commerce (SICC), National Trade Union Congress (NTUC) and the Singapore Business Federation (SBF), along with various key financial and academic institutions as partner organisations. These organisations will actively support collaboration and resource sharing on DigiLeap to advance sustainability efforts, with a potential influx of business participation expected by end-2025, amplifying its collective impact.

Focusing on sustainable and decarbonisation projects valued below US$10 million, DigiLeap targets key areas such as renewable energy and smart grid technology, industrial decarbonisation, and green construction and real estate. These initiatives advance cleaner power solutions, target waste reduction and resource efficiency, and foster green building technology and energy-efficient infrastructure.

Kavita Gandhi, Executive Director of Sustainable Energy Association of Singapore (SEAS) said: “The DigiLeap platform is essential in transforming climate ambitions into actionable decarbonisation for Singapore companies. Aligned with Singapore’s commitment to net-zero emissions by 2050, DigiLeap is a vital marketplace enabling businesses seeking solutions to connect with providers of advanced and scalable solutions, creating a seamless and innovative environment for sustainable progress. The platform fosters an environment where Singapore companies, both established and emerging, can play a definitive role in creating eco-solutions together.”

Sharad Somani, Partner and Head of ESG Consulting, KPMG in Singapore said: “DigiLeap addresses critical barriers companies face in their sustainability journeys, including access to proven technological solutions, innovate green financing and effective programme management – particularly for smaller-scale sustainability projects. By leveraging advanced AI and sophisticated project-matching algorithms, the platform aligns with COP29’s climate finance goals by empowering businesses with direct access to renewable energy solutions, technological propositions, and alternative financing options. DigiLeap embodies the shared commitment to making decarbonisation accessible, measurable and transformative for businesses.”

DigiLeap also offers features such as stakeholder mapping, a networking hub designed to support the development and scaling of green projects. Furthermore, the platform provides learning and development resources to equip businesses with the necessary tools to adopt sustainable practices and contribute effectively to global climate action.

For more information on DigiLeap, please refer to the fact sheet.

Hashtag: #SEAS #KPMG

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

About KPMG in Singapore

KPMG in Singapore is part of a global organisation of independent professional services firms providing Audit, Tax and Advisory services. We operate in 143 countries and territories with more than 273,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

For more detail about our structure, please visit kpmg.com/governance.

For more information, visit kpmg.com.sg

LinkedIn: linkedin.com/company/kpmg-singapore

About SEAS

The Sustainable Energy Association of Singapore (SEAS) represents the interests and provides a common platform for companies in Renewable Energy, Energy Efficiency, and Financial Institutions to meet, discuss, collaborate and undertake viable projects together. The Association is a non-profit, non-government business association, and its mission is to assist its members in achieving sustainable growth locally and regionally through business development, market development, as well as training and learning platforms. SEAS plays a strategic role in aiding the realisation of Singapore’s vision; to be a global centre for sustainable energy, where products and solutions are developed and exported.

For more detail about SEAS,

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Results Of the Maire Foundation Study at COP29 In Baku: People in Azerbaijan and Kazakhstan Aware of The Urgency of The Energy Transition

MILAN/BAKU – Newsaktuell – 20 November 2024 – Awareness of the importance of the energy transition and the benefits that it can bring to the environment, the economy and society, is growing, including in countries with fossil-based economies such as Azerbaijan and Kazakhstan. This is what clearly emerges from a study by the Fondazione MAIRE – ETS, the foundation of Italy-based technology and engineering group MAIRE, carried out in cooperation with IPSOS, a renown international market research company. The study, “Climate goals: winning the challenge of climate goals through the creation of skills and competences worldwide. Addendum 1: focus Azerbaijan – Kazakhstan“, was launched during COP29 in Baku.

The 2024 edition adds two more countries, Azerbaijan and Kazakhstan, bringing the total panel to 12 (Italy, UK, US, Turkey, KSA, UAE, Algeria, Chile, China, India, Azerbaijan, Kazakhstan), with 2,000 interviews of a highly educated sample of the population, in addition to opinion leaders.

The study, sponsored by MAIRE’s subsidiaries NEXTCHEM and TECNIMONT, shows that the international community is increasingly aware that energy transition requires new skills to create business and job opportunities. In general, the study finds that respondents believe in the long-term value and positive impact of the energy transition, despite the perceived short-term challenges and costs. The countries that face a major challenge in the transition to a sustainable economy based on renewable and circular solutions are those that will need the most investments in training and skill building in the coming years.

In Azerbaijan, 55% of the respondents considers the energy transition as a priority, compared to 39% of interviewees in Kazakhstan, indicating a growing consciousness of environmental issues and the potential economic opportunities they offer, and suggesting a fertile ground for future energy transition initiatives.

The energy transition process needs a substantial upskilling of the workforce in both Azerbaijan and Kazakhstan. A widespread recognition of this need is evident, with most individuals acknowledging their need for additional training in energy transition-related topics. This prospect is particularly appealing in those regions where traditional energy sector jobs may be at risk, offering a path for economic diversification.

The required skills range from technical expertise to soft skills. In Kazakhstan, with its vast natural resources and existing energy infrastructure, a primary focus is on analyzing and assessing the environmental impact. In Azerbaijan, where there’s a growing emphasis on diversifying the energy sector, developing expertise in solar, wind, and other renewable energy sources is vital for the country’s transition towards a more sustainable energy mix.

In Azerbaijan, problem-solving abilities are considered a priority, as the transition presents several challenges that require innovative solutions. In Kazakhstan, critical thinking skills are considered essential for analyzing complex data, evaluating alternative approaches, and making informed decisions.

By investing in human capital and fostering a knowledgeable and skilled workforce, Azerbaijan and Kazakhstan can not only contribute to global climate goals but also position themselves advantageously in the emerging green economy landscape.

Fondazione MAIRE and MAIRE Group Chairman Fabrizio Di Amato commented: “The results of this study on Azerbaijan and Kazakhstan demonstrate that the energy transition is possible in every country, by adopting a gradual approach. All available technological solutions can contribute to the energy transition, including decarbonized gas. I hope that our Foundation’s commitment will help accelerate the adoption of public policies to implement training programs for the essential skills needed to support this paradigm shift.”

*****

MAIN TAKEAWAYS FROM 2024 EDITION OF THE STUDY

In Azerbaijan and in Kazakhstan 96% and 93% of respondents respectively have heard of the energy transition: 43% in Azerbaijan (higher than China) and 29% in Kazakhstan (the lowest rate of the 12 countries) are “very familiar” with it

– 39% of respondents in Kazakhstan and 55% in Azerbaijan said the energy transition was a priority, in line with European countries (and almost the same as Italy), behind India, Turkey, China (65-70%)

– 64% of respondents in Azerbaijan (higher than UAE, Saudi Arabia and India) and 53% in Kazakhstan (higher than Italy, UK, US and same as China) believe that the energy transition is crucial to combat climate change

– In the short term, costs will outweigh benefits for 57% of respondents in Kazakhstan and for 31% in Azerbaijan (aligned with Turkey)

– Training and upskilling are crucial both in Kazakhstan and in Azerbaijan for more than 80% of respondents, more than in India (71%), USA and SA (75%)

– 62% of respondents in Azerbaijan and 58% in Kazakhstan believe it is necessary to improve problem solving skills

– Respondents from Kazakhstan said the most-required soft skill is critical thinking (68%) and the presence of skilled professionals for the energy transition they believe should be improved (82%).

Fondazione MAIRE – ETS is the corporate foundation of MAIRE Group. The Fondazione MAIRE – ETS has defined as its own mission to foster the training of tomorrow’s “humanist engineers” who will be able to apply their broad vision and multidisciplinary knowledge to contribute to the energy transition; it carries out projects to combat educational poverty, to grant equitable access to educational opportunities, with a focus on contexts of social marginalization. Fondazione MAIRE – ETS also manages the historical archives of the MAIRE Group, a precious documentary heritage of Italian projects in engineering and architecture, seeing to their preservation and promoting greater awareness of them and their use by an ever-widening public. For further information: www.fondazionemaire.com.

MAIRE S.p.A. is a leading technology and engineering group focused on advancing the Energy Transition. We provide Integrated E&C Solutions for the downstream market and Sustainable Technology Solutions, the latter through three business lines: Sustainable Fertilizers, Low-Carbon Energy Vectors, and Circular Solutions. With operations across 45 countries, MAIRE employs over 9,300 people, supported by a global network of 20,000 project partners. MAIRE is listed on the Milan Stock Exchange (ticker “MAIRE”). For further information: www.groupmaire.com.

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