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Carta continues with global expansion in Australia to support the country’s local startup and investor ecosystem

The US-based private capital software platform sets up base in Sydney as part of Investment NSW’s efforts to grow New South Wales into a thriving global hub for business.


SYDNEY, AUSTRALIA / SINGAPORE – Media OutReach Newswire – 14 November 2024 – Carta today announced its expansion into the Australian market, marking a significant milestone in the company’s roadmap to connect more startups and investors with its comprehensive private market ecosystem.

As startup companies scale and mature, their equity structures often become increasingly complex. In Australia, this complexity is amplified by factors such as ASX (Australian Securities Exchange) listing requirements, the intricacies of employee share schemes, and the corporate actions involved in growth, like mergers and acquisitions.

Australia, which is ranked 11th on the Global Startup Ecosystem Index, boasts a robust economy and a growing demand for sophisticated solutions for the private market. To meet this need, Carta has chosen to expand its presence in the country. The expansion is supported by Investment NSW, a government agency dedicated to promoting economic growth and attracting investment to New South Wales.

Building on past successful projects with Australia-based firms such as Employment Hero and Titanium Ventures (formerly known as Telstra Ventures), Carta aims to collaborate with the government to deliver exceptional investment value to the local ecosystem. This aligns with the company’s commitment to Investment NSW’s goal of fostering local economic development. Carta’s prior investments in Australia included strategic partnerships for events and the establishment of a remote team.

Bhavik Vashi, Managing Director of Carta, will lead the company’s new initiatives in Sydney, bringing a wealth of industry experience from his background in B2B SaaS platforms serving the office of the CFO. His extensive experience and strong industry relationships will be instrumental in supporting Australian startups and funds as they navigate the complexities of the private market. His proven track record of scaling Carta’s operations in other markets, such as Singapore and the Middle East, positions him well to drive significant growth in Australia.

“With its vibrant ecosystem, Australia is ripe for the next phase of growth in the private markets,” said Vashi. “Our official expansion here aligns perfectly with Carta’s vision to streamline how private markets operate. By introducing our solutions, we aim to empower local startups and investors to manage ownership more efficiently and scale operations effectively.”

Sam Wheatley, Executive Director for Fostering Innovation at Investment NSW, also expressed excitement about Carta’s Australian expansion. “Australia is a strategic market for global growth, and we are delighted to have Carta onboard to help us drive growth and innovation in the local startup ecosystem,” said Wheatley.

Carta is set to launch its new office in Sydney on Monday, 18 November 2024. This will serve as a hub for sales, marketing, and future activities such as the expansion of the company’s partnerships with local universities, UNSW Founders & INCUBATE from The University of Sydney, as well as Techstars Tech Central Sydney Accelerator powered by the NSW Government, to extend its free equity management program, Launch.Hashtag: #carta

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

About Carta

Carta is a platform that helps people manage equity, build businesses, and invest in the companies of tomorrow. Our mission is to create more owners. We do this by unlocking the power of equity ownership for more people in more places.

Carta is trusted by more than 40,000 companies in more than 160 countries to manage cap tables, compensation, and valuations. Carta also supports more than 7,000 funds and SPVs, which together represent over $130B in assets under administration. Carta’s liquidity solutions have returned $15B to shareholders in secondary transactions. Today, Carta’s platform manages nearly three trillion dollars in equity for more than two million total stakeholders.

Companies and funds like Flexport, Tribe, and Harlem Capital build their businesses on Carta. The company has been included on the Forbes World’s Best Cloud Companies, Fast Company’s Most Innovative list, and Inc.’s Fastest-Growing Private Companies. For more information, visit .

SIBUR to Offset Carbon Footprint of Russia’s COP29 Delegation


MOSCOW, RUSSIA – Media OutReach Newswire – 14 November 2024 – SIBUR plans to offset the carbon footprint of the Russian delegation attending the UN Climate Change Conference (COP29) in Azerbaijan, making it the first internationally verified carbon-neutral delegation in the history of the conference.

The offset will be achieved using carbon credits generated through a climate project aimed at improving energy efficiency at SIBUR-Neftekhim. The credits will be withdrawn from the company’s account in the Russian Carbon Units Registry.

The carbon footprint will be calculated by Kept, while TÜV AUSTRIA Standards & Compliance will verify the carbon-neutrality claim. A certificate confirming the carbon offset will be published on the website of the UN Global Compact National Network. The process is being carried out with the support of the Federal Service for Hydrometeorology and Environmental Monitoring, which is facilitating the work of Russia’s delegation and working group.

“We welcome SIBUR’s initiative to offset the carbon footprint of Russia’s COP29 delegation. It is important that the process is as transparent as possible and involves international verification bodies that will confirm the delegation’s carbon-neutral status,” said Natalia Dorpeko, Executive Director of the UN Global Compact National Network.

SIBUR experts regularly play an active role in the conference’s business programme, sharing their expertise on climate-related issues, including on the best practices and technological solutions adopted by the company, approaches to climate risk management, as well as the results of their climate projects and carbon credit transactions.

The company has already completed eight climate projects, reducing its emissions by a total of 10.8 million tonnes of CO2-equivalent emissions over the past 10 years. These initiatives have generated over 3.3 million tonnes of certified carbon credits that can be traded in both Russian and international markets. To date, SIBUR has concluded no fewer than 15 transactions involving carbon credits, enabling its customers and partners to reduce or fully offset the carbon footprint of their operations, products or events.

Hashtag: #SIBUR

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

Mastering exotic currency pairs: trading strategies with global broker Octa


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 November 2024 – Adding exotic currency pairs to a portfolio is a popular way to get exposed to a wider variety of assets. These pairs, which include currencies from emerging markets or smaller economies, offer unique opportunities due to their volatility and potential for high returns. For traders in regions like India and Southeast Asia, exotic pairs can serve as valuable tools for diversification, potentially increasing returns from trading. Octa Broker, a broker with globally recognised licences, explains the basics of exotic pairs and provides tips on how to navigate such a dynamic landscape, where understanding volatility and managing risk is paramount.

Octa

Key characteristics of exotic currency pairs

Exotic currency pairs differ from major and cross pairs in several ways, each presenting opportunities as well as challenges for traders.

Higher spreads and lower liquidity
Exotic pairs tend to have wider spreads due to lower trading volumes and reduced liquidity. For instance, the USD/ZAR pair frequently experiences a spread of 100 pips or more, driven by its less active market presence. This wide spread is a broker’s commission for facilitating trades in less liquid markets, and it requires traders to account for this in their profit calculations to avoid unanticipated losses.

Octa

Volatility and economic sensitivity
Some exotic pairs exhibit strong trending behaviour, with notable examples like the USD/MXN (U.S. Dollar / Mexican Peso) pair. The USD/MXN pair often responds dynamically to economic factors, particularly commodity prices. As Mexico is a major oil exporter, fluctuations in oil prices can significantly impact the Peso’s value against the dollar.

Octa

While exotic currency pairs present exciting opportunities, a deep understanding of market drivers is essential when handling them. Traders must keep track of both local economic conditions and global trends to make informed decisions.

Kar Yong Ang, a financial market analyst at Octa broker, provides a glimpse into factors affecting the USD/MXN pair: ‘Currently, Mexico is experiencing a trade deficit, indicating that its imports exceed exports, which can place downward pressure on the peso and contribute to its weakening. Additionally, market participants are cautious about a potential U.S. recession, leading to an increased demand for the dollar as a safe-haven asset.’ This scenario demonstrates how closely linked economic developments are to the performance of exotic currency pairs, underscoring the importance of staying informed on both local and international factors when trading these pairs.

Strategies for trading exotic currency pairs

Exotic pairs demand a solid grasp of market conditions and robust risk management strategies. For beginners, using a smaller portion of their capital and setting realistic profit goals is essential. For example, they might start by trading small lot sizes in USD/ZAR and adjusting their stop-loss orders to manage risk in the face of potential large price movements. Here’s an example of fundamental and technical analysis a trader can make before opening a deal.

USD/ZAR (U.S. Dollar / South African Rand)
The USD/ZAR pair is influenced by South Africa’s economic conditions, political stability, and the fluctuating value of its key export, gold. With South Africa being a major gold producer, the currency often correlates with gold and platinum prices. When gold prices rise, the Rand typically strengthens, creating opportunities for traders who monitor commodity price movements closely.

Octa

Suppose a trader uses the Bollinger Bands indicator to identify buying and take-profit opportunities on USD/ZAR. Entering at 18.00 ZAR and exiting when it hits 18.80 ZAR, the trader secures an 8,000-pip profit, accounting for the 773-pip spread: the 8,000-pip difference excludes the spread. Normally, the spread is less than 100 pips, so the profit is secured. However, even in exceptional cases when the spread is higher, a trader can still seal a successful deal. This scenario highlights both the potential for profit and the importance of factoring in spread and volatility in trading strategies.

Advantages and risks of trading exotic currency pairs

Benefits of diversification
Adding exotic pairs to a portfolio can diversify risk due to the low correlation of these pairs with traditional assets like stocks and bonds, as well as major currency pairs. Since the exotic pairs include a popular currency and the one from a developing country, the determining factors that affect the price significantly differ from those impacting major pairs. This allows for a different set of trading opportunities.

Risks to consider
The high volatility and wide spreads of exotic pairs mean that traders must exercise caution. Without proper risk assessment, trading exotics can lead to significant losses. Monitoring local economic indicators and staying informed about global events are crucial for traders who wish to navigate these challenges successfully.

Exotic currency pairs offer intriguing opportunities for traders looking to explore beyond conventional assets. With their high volatility, unique correlation patterns, and sensitivity to both local and global factors, exotics provide an alternative avenue for diversification. By staying informed and applying sound strategies, traders can leverage the potential of exotic pairs while mitigating the associated risks.
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.

Worksport ($WKSP) Reports Significant 581% YoY Revenue Growth in Q3 2024, Eyes Record 2025

Company Announces Consecutive Surge in Quarterly Revenues; Provides Positive Outlook for Fiscal Year 2025; Ongoing Expansion and New Product Lines Fuel Momentum

West Seneca, New York – Newsfile Corp. – November 13, 2024 – Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors today announced its Q3 2024 financial results. Worksport shares another consecutive quarter of revenue growth and positive outlook for financial year-end 2025.

Q3 revenue surged to $3.12 million-a 581% year-over-year increase compared to $458,433 in Q3 2023. This rapid growth reflects continued scaling of both B2B and B2C channels and the growing demand for Worksport’s innovative products. Following a 275% revenue increase from Q1 to Q2 2024, Q3 revenue grew another 63% from Q2 2024, underscoring the strength of the Company’s strategic investments and the success of its recent sales initiatives. Worksport believes it will exceed previous financial guidance of $6-8M by year-end 2024, and below issues guidance for year-end 2025.

Steven Rossi, Worksport’s Founder & CEO, stated:

“Our Q3 results are just the beginning. With our robust product pipeline and aggressive market penetration strategies, we are on a trajectory for sustained growth. Our goal is to become cash flow positive in 2025, with a keen focus on EPS and EBITA. We are targeting revenue growth to $25-$34.5 million in 2025. We are excited about the significant impact our products, including the AL4 tonneau cover, SOLIS solar cover, and COR portable energy system, are expected to have as we enter next year.”

Upcoming Products & Strategic Path to Profitability:

Worksport continues to expand its production capacity and expects to meet its next production target of making over 200 tonneau covers per day within 2025. This increase in capacity should enable the Company to meet growing demand while notably increasing margins, driven by new high-demand, high-margin product lines. In Q3, the Company maintained an inventory balance of $6.1 million, strategically positioned to support sustained revenue growth without the need for major capital investments. The Company believes it can increase its ability to produce beyond 200 covers without significant time or capital investment.

Additional Highlights Include:

  • B2C Sales Growth: Online sales increased from $21,599 in Q3 2023 to $1.59 million in Q3 2024, now making up 51% of total revenue.
  • Government Sales Traction: Worksport initiated sales to a U.S. government agency, positioning itself for potential future business development.
  • New Product Launches: The highly anticipated AL4 tonneau cover is set to debut in Q4 this year and is expected to contribute significantly to revenue growth in 2025, while the SOLIS and COR products are in Alpha testing, with a full market launch slated for Q2/Q3 next year.


Strategic Market Position and Forward Guidance

Worksport expects to exceed its previously issued revenue guidance of $6-8 million by year-end 2024.

Worksport’s growth is underpinned by its diversified portfolio, intellectual property, team experience, and its newly launched online presence. With the pickup truck market continuing to lead vehicle sales and Worksport’s first-to-market solar-integrated tonneau cover SOLIS on the horizon, the Company believes it is well-positioned to capture market share in both the automotive accessory and clean energy sectors. Complemented by the COR portable energy system, Worksport’s growth potential continues to become strong in 2025 and beyond.

For 2025, Worksport projects its existing product lines to generate $20 million in revenue, with new product launches, including its AL4 cover and COR and SOLIS systems, contributing up to an additional $18.5 million. Depending on timing and circumstances, these projections lead to a robust revenue outlook ranging from $25 million to $34.5 million in 2025, a pivotal year anticipated to drive Worksport towards cash flow positivity.

Worksport Q3 Earnings Call

For detailed insights on the quarter, and management commentary, please attend the Q3 2024 Earnings Call. It will occur at 4:30pm ET on Wednesday November 13, 2024. You may attend with this link: [Worksport Q3 2024 Earnings Call]

The prepared remarks will also be available at Worksport’s Investor Relations website.

Investor Inquiries May Be Directed To:
Investor Relations, Worksport Ltd.
T: 1 (888) 554-8789 x128
W1: https://investor.worksport.com
W2: www.worksport.com
E: investors@worksport.com

Worksport Quarter 3, 2024 Report, Item 1. Financial Statements

The Company has included the Financial Statements section below from the ‘Full Worksport Q3 2024’ For Quarterly Period Ended: September 30, 2024. Investors are encouraged to read the full 10-Q along with the Prepared Remarks, both linked above.

Item 1. Financial Statements

Worksport Ltd.
Condensed Consolidated Balance Sheets

September 30, 2024 (Unaudited) December 31,
2023
Assets
Current Assets
Cash and cash equivalents $ 1,857,685 $ 3,365,778
Accounts receivable, net 466,442 463,122
Other receivable 153,967 165,865
Inventory (note 4) 6,138,060 3,631,492
Related party loan (note 8) 14,303
Prepaid expenses and deposits (note 5) 256,600 1,497,249
Total Current Assets 8,887,057 9,123,506
Investments (note 10) 90,731 90,731
Property and Equipment, net (note 6) 13,966,210 14,483,436
Right-Of-Use Asset, net (note 11) 658,152 917,354
Intangible Assets, net 1,337,008 1,338,889
Total Assets $ 24,939,158 $ 25,953,916
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable and accrued liabilities $ 2,456,000 $ 1,451,181
Payroll taxes payable 111,591 85,010
Related party loan (note 8) 2,192
Current portion – Long term debt (note 12) 190,000 5,300,000
Current lease liability (note 11) 248,540 328,229
Total Current Liabilities 3,006,131 7,166,612
Long Term – Lease Liability (note 11) 433,214 608,761
Long Term Debt (note 12) 5,136,738
Total Liabilities 8,576,083 7,775,373
Shareholders’ Equity
Series A & B Preferred Stock, $0.0001 par value, 100,100 shares authorized, 100 Series A and 0 Series B issued and outstanding, respectively (note 7)
Common stock, $0.0001 par value, 299,000,000 shares authorized, 30,920,397 and 17,436,805 shares issued and outstanding, respectively (note 7) 3,092 2,032
Additional paid-in capital 72,512,085 64,685,693
Share subscriptions receivable (1,577) (1,577)
Share subscriptions payable 4,034,205 1,814,152
Accumulated deficit (60,176,150) (48,313,177)
Cumulative translation adjustment (8,580) (8,580)
Total Shareholders’ Equity 16,363,075 18,178,543
Total Liabilities and Shareholders’ Equity $ 24,939,158 $ 25,953,916

The accompanying notes form an integral part of these condensed consolidated financial statements. Please click here to download the full 10-Q.

Worksport Ltd.

Condensed Consolidated Statements of Operations and Comprehensive Loss
For the Three and Nine Months Ended September 30, 2024 and 2023
(Unaudited)

Three Months ended
September 30,
Nine Months ended
September 30,
2024 2023 2024 2023
Net Sales $ 3,122,359 $ 458,483 $ 5,556,535 $ 690,259
Cost of Goods Sold 2,875,186 368,796 4,975,277 541,841
Gross Profit 247,173 89,687 581,258 148,418
Operating Expenses
General and administrative 2,875,255 3,091,488 8,495,959 6,965,901
Sales and marketing 661,238 380,847 1,206,807 1,473,910
Professional fees 621,728 539,126 2,332,069 2,899,190
(Gain) loss on foreign exchange (5,832 ) (2,265 ) 1,853 (2,407 )
Total operating expenses 4,152,389 4,009,196 12,036,688 11,336,594
Loss from operations (3,905,216 ) (3,919,509 ) (11,455,430 ) (11,188,176 )
Other Income (Expense)
Interest expense (229,701 ) (113,838 ) (487,463 ) (466,830 )
Interest income 38,992 3,054 237,598
Rental income (note 17) 45,057 76,866 139,892
Gain on settlement of debt 7,493
Total other income (expense) (229,701 ) (29,789 ) (407,543 ) (81,847 )
Net Loss $ (4,134,917 ) $ (3,949,298 ) $ (11,862,973 ) $ (11,270,023 )
Loss per Share (basic and diluted) $ (0.14 ) $ (0.23 ) $ (0.47 ) $ (0.65 )
Weighted Average Number of Shares (basic and diluted) 29,432,794 17,429,685 25,540,754 17,252,521

The accompanying notes form an integral part of these condensed consolidated financial statements. Please click here to download the full 10-Q.

The link below will take you to the Worksport Investor Relations Website. You may download the full 10-Q and accompanying earnings call remarks there: Q3 2024 10 Q & Earnings Call Prepared Remarks – Download Here

Key 2024 Press-Releases:

Read all Worksport press releases: [Link to All Press Releases].

Stay Connected

  • Investor Newsletter: Investors and customers are invited to follow Worksport’s progress as it builds on this momentum and strives to redefine industry standards with each new corporate development. Link to Newsletter
  • Contact Information

Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com E: investors@worksport.com W: worksport.com

About Worksport
Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport’s hard-folding cover, designed and manufactured in-house, is compatible with RAM, Chevrolet, and GMC models from General Motors, as well as Ford, Jeep, Nissan, and Toyota pickup trucks. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. Terravis Energy’s website is terravisenergy.com. For more information, please visit investors.worksport.com.

Connect with Worksport

Please follow the Company’s social media accounts on X (previously Twitter), Facebook,

LinkedIn, YouTube, and Instagram (collectively, the “Accounts”), the links of which are links to external third party websites, as well as sign up for the Company’s newsletters at investors.worksport.com. The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company.

Product social media Investor social media
Instagram X (formerly Twitter)
Facebook
YouTube
LinkedIn
Link to Newsletter

Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission (“SEC”) filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media.

The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.

For additional information, please contact:

Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com W: www.worksport.com E: investors@worksport.com

Forward-Looking Statements

The information contained herein may contain “forward‐looking statements.” Forward‐looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” “project,” “should,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the SEC, including, without limitation, our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.

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

CGTN:G20 pushes for global cooperation to eradicate hunger and poverty


BEIJING, CHINA – Media OutReach Newswire – 13 November 2024 – The first-ever Global Alliance Against Hunger and Poverty will be officially launched at the upcoming 19th G20 Summit in Rio de Janeiro, marking a further step towards the goal of eliminating extreme hunger worldwide by the United Nations’ 2030 deadline.

The nascent initiative was pre-launched by Brazilian President Luiz Inacio Lula da Silva at the Ministerial Meeting of the G20 Task Force in July 2024. The idea for this initiative was proposed at the previous G20 summit by Lula, who stated that eradicating hunger and poverty is one of the three central tasks of Brazil’s G20 presidency.

Image 1

Due to factors ranging from natural disasters to regional conflicts, the poverty issue has become increasingly noticeable in recent years. Between 713 and 757 million people may have faced hunger in 2023, meaning one in every 11 people in the world, according to the annual report on the State of Food Security and Nutrition in the World released by the UN’s Food and Agriculture Organization in July.

The report highlights a clear trend of rising undernourishment in Africa, while progress is being made in Latin America and the Caribbean. It also showed that the prevalence of undernourishment in Brazil fell to 3.9 percent in 2023, marking the first year of Lula’s new administration.

At the ministerial meeting, Lula stated that nothing in the 21st century is as absurd and unacceptable as the persistence of hunger and poverty, adding that addressing this issue through the global alliance is a priority for Brazil’s G20 presidency.

Amid the ongoing hunger crisis worldwide, especially in developing countries, the upcoming G20 summit – where eradicating hunger and poverty is one of the top priorities – is expected to be of great practical significance.

Xu Feibiao, director of the Center for BRICS and G20 Studies at the China Institutes of Contemporary International Relations, stated that the G20 summit could provide global solutions, noting that both Brazil and China have made significant achievements in the fight against hunger and poverty.

In 2023, Lula launched the Brazil Without Hunger program. With 20 different actions and projects, the program, which has a total investment of more than $70 billion, reduced the number of people in Brazil suffering from severe food insecurity from 33 million to 8.7 million in just one year, said Valeria Burity, special secretary of the Ministry of Social Development and Assistance, Family and Fight against Hunger of Brazil, in an interview with a Chinese news portal in November.

The Paranagua Container Terminal (TCP) in Paranagua, Brazil, on August 27, 2018. China Merchants Port acquired a 30-year concession for 90 percent of TCP. /CFP
The Paranagua Container Terminal (TCP) in Paranagua, Brazil, on August 27, 2018. China Merchants Port acquired a 30-year concession for 90 percent of TCP. /CFP

China has not only achieved its goal of eliminating extreme poverty by 2020, improving the living standards of hundreds of millions of people over decades of development, but it has also contributed to helping other countries, particularly developing ones, fight poverty. This has been done through initiatives like the Belt and Road Initiative and the Global Development Initiative, which provide advanced agricultural technology and cooperation projects aimed at eradicating poverty and improving local well-being.

For example, under the Belt and Road Initiative, China has supported numerous infrastructure projects, including the Hungarian-Serbian Railway, the China-Laos Railway and the Chancay Port project in Peru. These projects not only enhance local transportation but also create jobs and boost residents’ incomes.

“China’s poverty eradication model and experience can provide strong support for relevant G20 programs,” Xu said.

Echoing Xu, Fernando Brancoli, an international relations expert from the Federal University of Rio de Janeiro, told China Media Group that from the perspective of poverty alleviation, the G20 Rio Summit offers an ideal platform for Brazil and China to cooperate. The two countries continue to lead global efforts to reduce poverty by showcasing their respective poverty alleviation experiences, tailored to their national conditions and proven effective.

In addition to offering global solutions based on experiences from China and Brazil, Xu noted that sustainable development has been a key agenda for the G20, with eliminating hunger and poverty being an integral part of this agenda.

Xu pointed out that G20 members, which represent the world’s largest developed and developing economies, account for more than 80 percent of global GDP. “Once the G20 members reach consensus and put forward solutions, the G20 can be a key propeller for global consensus and action against hunger and poverty,” he said.

Hailing the Global Alliance Against Hunger and Poverty as a critical first step in global action, Xu stated that the upcoming G20 summit is expected to launch initiatives, plans and roadmaps for combating hunger and poverty, integrating them with the broader agenda on health, education, infrastructure, financial inclusion, and other key issues to create more feasible and comprehensive solutions.

Brancoli emphasized that the global alliance will bring together global funds, resources and poverty reduction experience to jointly support the global poverty reduction cause.

Acknowledging that there will be some differences between countries in addressing this issue, Xu remarked that while it is impossible to solve it overnight, the G20 has prioritized it as a top issue, signaling that there is light at the end of the tunnel.

https://news.cgtn.com/news/2024-11-10/G20-pushes-for-global-cooperation-to-eradicate-hunger-and-poverty-1yq3GnCUfGo/p.html

Hashtag: #CGTN

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

ZJLD Awarded the Listed Company of the Year 2024 by the Hong Kong Institute of Financial Analysts and Professional Commentators Limited


HONG KONG SAR – Media OutReach Newswire – 13 November 2024 – The first baijiu company listed on the Hong Kong Stock Exchange and the second Chinese sauce-aroma baijiu stock being publicly listed, ZJLD Group Inc. (“ZJLD” or the “Company”, SEHK stock code: 06979. HK), is pleased to announce that the Group has been awarded the supreme honor – The Listed Company of the Year in The Hong Kong Institute of Financial Analysis and Professional Commentators Limited (the “Institute” or HKIFA) 23rd Anniversary and Outstanding Listed Company Awards 2024. The award ceremony was supported by a group of elites from Hong Kong’s political and business circles, including the Liaison Office of the Central People’s Government, the Hong Kong Special Administrative Region Finance Department, the Hong Kong Special Administrative Region Election Committee (Financial Services Sector), the Legislative Council of HKSAR, the Hong Kong Stock Exchange, the Hong Kong Securities Professionals Association, the Chinese Asset Management Association of Hong Kong, and the Chinese Financial Association of Hong Kong. This award is a comprehensive recognition of ZJLD’s outstanding performance in business operation, financial performance, and capital market influence since its IPO in 2023, underscoring its industry-leading position.

As the only baijiu enterprise being listed by IPO at the Hong Kong Stock Exchange, the successful listing of ZJLD Group has enriched the investment propositions in Hong Kong’s capital market, providing domestic and overseas investors with more diverse choices to diversify their risks and capture industry growth opportunities. The Group’s outstanding performance in the first year has also fully demonstrated its strength as a leading Chinese baijiu company. ZJLD has performed exceptionally well in product innovation and market expansion, thanks to its accumulated brand reputation and channel advantages, which have continuously increased market share. Since its listing, the Group’s influence in the capital market has grown more robust, making it highly favored by investors. This “Listed Company of the Year” award granted by HKIFA has undoubtedly further consolidated ZJLD’s industry leadership and brand image.

Furthermore, ZJLD attaches great importance to the national strategic plan of the Guangdong-Hong Kong-Macao Greater Bay Area, actively expanding its presence in the corresponding market. This not only helps deeply solidify its market position in the Greater Bay Area but also highlights the Company’s contributions and commitment to regional economic development. For investors focused on investment opportunities in the Greater Bay Area, ZJLD is undoubtedly a quality stock worthy of attention.

Mr. Paul Ng, the Executive Director and Head of International Operations of ZJLD Group, expressed, “It is with great pride that we have received the ‘Listed Company of the Year‘ recognition from the authoritative HKIFA. This is not only an affirmation of our achievements in asset growth, financial strength and brand building over the past year but also a testament to our position as an industry benchmark enterprise. We will take this as a new inception to further consolidate our market share in Hong Kong and the Greater Bay Area, provide consumers with even higher quality products and more excellent services, lead Chinese baijiu to go global, create more value for investors, and make sustained contributions to the long-term and continuous development of Hong Kong and the Greater Bay Area economies.”

Since its listing in 2023, ZJLD has consolidated its market position through consistently optimizing its product line, strengthened brand promotion, and overseas market expansion. The Listed Company of the Year award will undoubtedly enhance its influence in the industry and inject strong impetus into its future high-quality development. Looking ahead, ZJLD will adhere to its innovation-driven and globally-oriented development strategy, providing consumers with premium products and services and creating abundant payback for shareholders.

Hashtag: #ZJLD #HKIFA

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About The Hong Kong Institute of Financial Analysts and Professional Commentators Limited (HKIFA)

The Hong Kong Institute of Financial Analysts and Professional Commentators Limited (HKIFA, or the “Institute”) was established in 2002 and is dedicated to enhancing the professionalism and international status of Hong Kong’s financial market. The Institute has over 200 professional analyst members. It has voting rights in the Financial Services Subsector of the Election Committee of the Hong Kong Special Administrative Region, making it an essential representative organization in the industry. The Institute actively participates in the formulation of financial policies and the discussion of industry development issues, as well as regularly organizes various professional activities to gather industry elites and promote the long-term prosperity of Hong Kong’s finance and the Greater Bay Area economy.

About ZJLD Group Inc.

Zhen Jiu was established in 1975 in Zunyi, Guizhou, China’s primary production area of sauce-aroma baijiu. In 1988, it was honored with the National Quality Award at the 5th National Wine Appreciation Conference. In the same year, it was announced by the Protocol Department of the Ministry of Foreign Affairs, the Communication Department of the Ministry of Economy and Trade, and the Great Hall of the People Management Bureau to become one of the two sauce-aroma baijiu served at state banquets. It is also one of the “Three Representative Baijiu Brands in Guizhou”.

ZJLD Group Inc. is a leading baijiu group in China that is devoted to offering premium baijiu products, including sauce-aroma, mixed-aroma, and strong-aroma. In terms of revenue in 2023, the Company was the third-largest private baijiu company in China, according to Frost & Sullivan statistics. The Company operates four baijiu brands in China, including two national baijiu, Zhen Jiu and Li Du, and two regional brands, Xiangjiao and Kaikouxiao. ZJLD prides itself on inheriting the time-honored baijiu-brewing techniques and reinvigorating them to develop iconic products. It strives to create a wide variety of aromatic and mellow baijiu products to meet the diverse preferences of consumers, seize broader market opportunities, and promote traditional Chinese baijiu culture.

coocaa TV and MIXUE are teaming up for an innovative online and offline promotion that fuses technology and art to spark a vibrant new lifestyle


HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 13 November 2024 – coocaa, a high-aesthetic home appliance brand, is committed to a passionate pursuit of design and aesthetics, blending fashion and art into every product. This unique approach has made it a favorite among young consumers and a top TV brand in the Asia-Pacific region.

coocaa TV and MIXUE are teaming up for an innovative online and offline promotion that fuses technology and art to spark a vibrant new lifestyle

As part of the year-end promotional season, Coocaa is partnering with the popular tea brand MIXUE to launch a major campaign titled “Start a Wonderful Life with coocaa × MIXUE,” running from November 10 to December 15.

coocaa is expanding its reach with a Double 11 e-commerce promotion on Shopee and TikTok, featuring up to 50% off select products and a chance to win a year of free MIXUE drinks. Follow coocaa on Facebook (@coocaa) or TikTok (@coocaa.vietnam) for exclusive deals and updates.

In addition, during the campaign, coocaa and MIXUE are partnering for a special raffle at 100 MIXUE stores, offering a chance to win a coocaa Frame TV worth up to 15,000,000 VND.

coocaa has always believed that “life is enriched by beauty” and is committed to offering visually appealing products and enjoyable lifestyle experiences to Vietnamese consumers. This collaboration with MIXUE promises to add even more excitement and surprises for customers. Don’t miss out—take advantage of it today

Click Here for details: (—TikTok link—)
https://shop.tiktok.com/view/product/1730123542325922076?region=VN&locale=vi-VN

Hashtag: #coocaa

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

Taking the Powerful International Buyer Appeal of CHINAPLAS 2025 to the Next Level


SHENZHEN, CHINA – Media OutReach Newswire – 13 November 2024 – As the global economy gradually recovers, China continues to be a crucial engine driving worldwide economic growth. In the new framework of dual circulation in the domestic and international markets, CHINAPLAS 2025 will be held at Shenzhen, a major city of Guangdong-Hong Kong-Macao Greater Bay Area which serves as a key intersection of dual circulation, from April 15-18, 2025. After years of nurturing and accumulation, the exhibition has developed a strong appeal among global buyers. The return of CHINAPLAS to Shenzhen allows for the strategic leverage of favorable timing, geographical advantages, and abundant human resources, effectively anchoring both local and overseas markets. With a dual approach, the show organizer will make every effort to expand the global buyer base, enhancing its appeal and advancing the global collaboration to the next level.

Pre-register Now to Explore “New Productive Forces” at CHINAPLAS 2025

What Makes CHINAPLAS So Appealing to Global Buyers?

The last edition of CHINAPLAS attracted 321,879 attendees from 171 countries and regions, including a record-breaking 73,204 overseas visitors, comprising 22.74% of the total number of visitors, showcasing its remarkable global appeal. What makes this mega event such a magnet for global buyers?

Ms. Ada Leung, General Manager of Adsale Exhibition Services Ltd. unveiled the secret: “Firstly, CHINAPLAS has been deeply rooted in the plastics and rubber industries for over 40 years, establishing a strong brand influence both domestically and internationally. As the show’s scale expands, it generates significant traffic and amplifies its platform effect. Secondly, the exhibition is highly technology-driven, aiming to foster industry development with innovation. Our high-quality exhibitors stay ahead of industry trends, showcasing cutting-edge plastics and rubber technologies, which act like a huge magnet for buyers from around the world. Furthermore, CHINAPLAS has continuously expanded its international reach. We have established long-term cooperation with local and overseas trade associations, building an extensive network of buyer resources and greatly exploring user needs. In terms of buyer promotion, we leave no stone unturned, constantly launching new strategies and initiatives to draw more global attention.”

CHINAPLAS 2025 will join hands with over 4,000 international exhibitors, unveiling the “New Productive Forces” of the plastics and rubber industries. As of now, over 1,300 of registered exhibitors are recognized as “Professionalization, Refinement, Specialization and Innovation (PRSI)” enterprises, account for one-third of all exhibitors. This will not only showcase China’s robust capabilities in plastics and rubber technology but also enhance the exhibition’s appeal to global buyers.

Stepping Further towards Internationalization

The global buyer appeal is not only driven by cutting-edge technology, but also by strong connections between exhibitions and buyers, along with effective global collaboration strategies. By fostering expansive global and multi-channel collaborations, CHINAPLAS has been integrating platform resources and channels to further attract professional buyers on a global scale. Its buyer outreach extended to Thailand, Vietnam, Malaysia, Kazakhstan, Poland, Pakistan, the United States, Argentina, Mexico, Colombia, and Taiwan region, actively engaging in industrial networking events. CHINAPLAS has forged partnerships with local industry associations to recruit delegations and invite key enterprises, facilitating sourcing opportunities and technological exchanges at the exhibition. As of now, around 40 industry associations from 14 countries and regions have expressed their interest in organizing delegations to CHINAPLAS 2025. Targeting high-growth and high-potential markets like Southeast Asia, Türkiye, and Mexico, the exhibition made a full-force effort with intensive online and offline promotion. Moreover, through the exhibition’s O2O strategic partner, CPS+ eMarketplace, CHINAPLAS team continuously stays in tune with buyer needs worldwide, engaging year-round to attract buyer resources and converting online interest into physical visitors of the exhibition.

Recently, the show organizer has officially announced the launch of “Spotlight on Malaysia: Buyer Program” for CHINAPLAS 2025 with Malaysian Plastics Manufacturers Association (MPMA) as the strategic partner, marking a significant milestone in a strategic move towards a global collaboration. This collaboration aims to leverage the reputations of both parties for strengthening international business connections, and for adhering to CHINAPLAS’ mission in enhancing technological exchange and global trade cooperation. MPMA will extend its efforts beyond plastics converters by collaborating with other trade units and industry associations in Malaysia to promote CHINAPLAS 2025. The two parties planned to co-organize a New Tech Seminar in Kuala Lumpur, Malaysia in January 2025. The seminar will unveil new solutions to be showcased at CHINAPLAS 2025, building anticipation for the exhibition and fostering active engagement with the participants.

Pre-register Now to Explore “New Productive Forces” at CHINAPLAS 2025

CHINAPLAS 2025 will stage at Shenzhen World Exhibition & Convention Center (Bao’an), PR China on April 15-18, 2025, opening a new chapter with an expected exhibition area of 380,000 sqm and attracting more than 4,000 international exhibitors.

Click HERE to pre-register for CHINAPLAS 2025.
For more information, please click HERE.
Hashtag: #CHINAPLAS #CHINAPLAS2025

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