Author: Asia PEVC

Leading CBD Company Greenheart Launches IEO Pre-sales of PUNT

A project aiming to address the challenges as well as bring the advantages of blockchain to the CBD industry

Irish company Greenheart CBD (greenheartcbd.ie) has announced November IEO pre-sales of the Greenheart PUNT, an ERC-20 token available now on the LATOKEN exchange platform. The PUNT is a DeFi sustainable token which aims to encourage the adoption of CBD products in the global community, and bring the advantages of blockchain to the wider CBD industry.

The Greenheart PUNT token is backed by a real commodity – 1,000 liters of Greenheart’s CBD oil a year at a retail value of US$4 million – allowing token holders to redeem their tokens for CBD oil if they wish. And during November pre-sales, PUNTers will receive bonuses ranging between 20% and 50%, depending on the date of token purchase.

Official trading will begin on December 1st, when Greenheart will put 200,000,000 tokens into circulation at a price of 10 US cents per token. Moreover, Greenheart will offer 200,000,000 tokens for public sale on the 1st of December each year for the next 4 years, as it aims to sell 1,000,000,000 tokens in total.

According to the Greenheart Team, the CBD industry faces lack of governance, transparency, and compliance in addition to high fees imposed by retailers and the absence of formal banking support to the CBD industry in general. This, in addition to weakened production from not yet applying advanced technologies to scale in the industry.

The Greenheart Team believes that its PUNT project will work toward these problems in addition to its own growth, with proceeds from the sale of its tokens in purchasing new land for CBD production, building a state-of-the-art decortication plant, moving into new product lines, and building and deploying its pioneering CBD Tech.

Greenheart unveiled its unique dApp marketplace for CBD products beta in October. Developed using leading decentralized platform Origin, the dApp marketplace can be used by token holders to purchase Greenheart CBD products, using both Ethereum or the Greenheart PUNT token. This marketplace is built and ready to be launched.

The PUNT project is led by Greenheart CBD – one of Europe’s leading licensed & fasting growing CBD seed to shelf producers and an established Irish business with a demonstrable track record of successful project delivery. Greenheart CBD is also the first CBD producer to put cutting edge technology at the heart of its business.

Token Overview: https://greenheartcbd.ie/pages/greenheart-punt-token
CBD Lab tests: https://greenheartcbd.ie/pages/lab-tests
Twitter: https://twitter.com/CbdGreenheart
Facebook: https://www.facebook.com/cbdgreenheart
Instagram: https://www.instagram.com/greenheartcbd/
Telegram: https://t.me/GreenheartPunt
Token Sale: https://latoken.com/ieo/PUNT

Greenheart CBD: https://greenheartcbd.ie/

Jiashan China 2020 International Investment and Trade Fair Held

The Jiashan China 2020 International Investment and Trade Fair was held at the Jiashan Yunlan Bay International Convention Center, Zhejiang Province on October 28th. More than 600 business people, including representatives of the relevant provincial and municipal departments, management of domestic companies and foreign businessmen from the UK, Japan, Germany, Italy and Spain attended the event. Jiashan County, one of the top 100 counties in China, has held the Jiashan Trade Fair annually since 2003, and has been ranked among the top 10 counties attracting foreign investment to Zhejiang Province for 18 consecutive years.

Opening the 2020 Trade Fair, Hong Hupeng, member of the Standing Committee, Jiaxing Municipal Committee of the Communist Party of China and Secretary of the Jiashan County Party Committee, pointed out that Jiashan was the brightest water town south of the Yangtze River. Jiashan supported and offered opportunity with favourable policies, first-class planning and innovative reforms. Jiashan encouraged entrepreneurship and innovation by introducing the best science and technology resources, and attracted high-end talent by bringing together the best public services and providing the best financial ecosystem. The future Jiashan is full of potential.

Xu Mingyang, head of Jiashan County, introduced “Meeting Jiashan and Foreseeing the Future” and described the future of Jiashan with five future scenarios. In terms of the future city, a demonstration area of “not Shanghai, but more than Shanghai” will be built. In terms of the future industry, several “internationally competitive” industrial clusters will be cultivated. In terms of the future entrepreneurship, a group of young entrepreneurs who “dare to create miracles” will gather; In terms of the future traffic, a traffic network which “will not be backward in 50 years” will be established; In terms of the future life, “man and nature living was harmony” was presented.

Contracts signed at the 2020 Jiashan Trade Fair included 59 industrial projects, among which 4 Global 500 projects and 3 projects over 10 billion RMB, with a total investment of 74.6 billion RMB, and a fund of 18 billion RMB was established. Both the quality and quantity were the most from past years, around the semiconductor, integrated circuits, high-end equipment, new materials, artificial intelligence, life and health, new energy and other key development industries, fully reflects the future trend of industry in Jiashan.

For more information, please visit http://www.jiashan.gov.cn.

Shrinkflex (SET: SFT) is Listed on the Stock Exchange of Thailand

SFT sets up to become a leading provider of shrink film labeling solutions in ASEAN, with plans to increase production, meet increased demand, and achieve sustainable growth, following its Oct 29 listing on the MAI

Shrinkflex (Thailand) PCL (SET: SFT) is a leading provider of integrated labeling solutions featuring plastic shrink films in ASEAN. On October 29 the company was listed in the Market for Alternative Investment (MAI).

SFT executives are moving ahead with plans to invest in expanding the company’s manufacturing facilities and adding new lines of products. The investment plans will add better value and boost the company’s brand image in anticipation of continuing market growth in spite of the Covid-19 pandemic. This year’s growth is expected to be in the double-digits.

Mr. Sung Cheong Tsoi, SFT’s Founder and Chief Executive Office, says he is confident that, having listed in the MAI under the symbol SFT, the company will receive great interest from investors because of the company’s tremendous business potential.

SFT’s strength lies in its experience and expertise in the production of shrink film labels for more than 12 years. The company has helped its customers meet the challenge of building a positive image and adding value to their brand identity. Its integrated shrink film label solutions have long earned SFT customers’ trust.

Thailand is currently a production hub for export of food and beverage products, which has led to a stronger demand for shrink film labels for brand building. Furthermore, shrink film labels have been popularly used to replace other types of labels. Consequently, the shrink film label industry has grown substantially, with this year’s growth predicted to reach 5% even in the face of the Covid-19 pandemic.

SFT is in a good position to take advantage of the situation. The company has the production capability, employing modern technology in both gravure and digital printing, which enables it to meet customers’ demand for high-quality shrink film labels with quick turnaround.

SFT is currently in the process of building a new manufacturing plant to increase its production capacity from 133 million meters a year to 185 million meters a year. The company is also adding new product lines, such as POF shrink film and flexible packaging, which would add more value to our customers’ brands.

Looking ahead, the company is confident that its growth this year would be in the double-digits or at least 10% even against adverse conditions like the Covid-19 pandemic and uncertain political situations. In the first half of the year (January-June 2020), SFT earned 330.47 million baht in revenue, an increase of 12.05% compared to the same period of last year, and an operating profit of 49.64 million baht, an increase of 14.38% compared to last year.

“We’ve set our sight on being a leader in the ASEAN region in providing integrated labeling solutions for shrink film labels,” says Mr. Sung Cheong Tsoi. “We are determined to provide both products and services from beginning to finish to help add better value to our customers’ brands. This will have direct and positive impacts for both our current and new customers, and in turn will contribute to our sustainable growth.”

Speaking as SFT’s financial advisor and underwriter, Mr. Khomklit Meekumsat, Managing Director of the Capital Market Department at RHB Securities (Thailand) Pcl., says SFT is a company with great potentials as it is a leading provider of complete labeling solutions with shrink film labeling products.

“The company provides consultations on packaging, selection of package shapes and packaging designs as well as technical details about film shrinking. This enables it to meet the demand of customers in various industries, for example, foods and beverages, cosmetics, beauty products and household products,” Mr. Khomklit says.

Meanwhile, SFT is boosting its competitiveness with an investment plan that will see an expansion of production capacity and an addition of new lines of products. Furthermore, the company will have teams of experts working closely with customers in the development of shrink film labels that are fit for their products and boost their brand identities.

Those are the reasons why SFT has earned the trust of many prominent enterprises, such as Oishi Trading Co., Ltd., Ichitan Group Pcl., Sri Nana Porn Marketing Pcl., Cosmos Brewery (Thailand) Co., Ltd., Better Way (Thailand) Co., Ltd., and Lion Corporation (Thailand) Ltd.

As a result of the factors mentioned, SFT’s past performance has seen a sustained, continual growth trajectory. It is particularly true during the past three years (2017-2019). The company’s compound average growth rate (CAGR) is 70.65% is a testament to its strength of performance.

It can, therefore, be stated with confidence that when the SFT stock begins trading in the Market for Alternative Investment, it would be a growth stock that will draw strong interest from investors.

Released by Public Relations Dept., MT Multimedia Co., Ltd. for Shrinkflex (Thailand) Plc.

For additional information,
Yuttachai (Tle) Praikanahok
Tel: +66 2 612 2081 ext. 125, or +66 91 736 2866
Email: yuttachai.p@mtmultimedia.com

RIWI Predicted the Tight Race Seen in Today’s Results, and Now Publicly Releases All RIWI Election Reports Prepared Since September 8 for American, British and Asian Finance Clients

RIWI Corp. (TSXV: RIWI) (OTC: RWCRF) (the “Company” or “RIWI”), a global trend-tracking and prediction technology firm, today publicly released all of the U.S. Election reports that the Company prepared for global finance clients since September 8, 2020.

In contrast to almost all public polling and mainstream media forecasts that predicted a “Blue Wave” and blowout victory for former Vice President Joe Biden, RIWI’s final client report on November 2, at 10 am Eastern Standard Time, showed a different story: the much tighter race that we see in today’s results. RIWI’s randomly engaged forecasters represented a continuous evaluation of the views of 100,584 different Americans.

RIWI’s approach is unique. “For RIWI technology, one truly random forecast from one randomly engaged, anonymous person is worth far more than 10 non-randomly engaged, non-random traditional survey respondents who habitually offer their personal opinions, sometimes even in exchange for incentives,” said Neil Seeman, RIWI’s Chief Executive Officer. “Ensuring the anonymity of any respondent, without ever collecting personally identifiable information, is essential to both accurate and ethically responsible data collection,” said Mr. Seeman.

“For our continuous surveys, risk monitoring and message testing in any country, RIWI’s machine-learning tools and predictive power remove human biases,” added Mr. Seeman. “RIWI prides itself on its unique capacity to hear the real opinions of quiet voices who do not, or choose not to, participate in human-manipulated polling techniques which are increasingly non-scientific and non-random,” said Mr. Seeman.

All RIWI’s reports for the U.S. 2020 Presidential election are available here. https://www.newsfilecorp.com/redirect/AnyxSaaP3

About RIWI

RIWI is a global trend-tracking and prediction technology firm. On a monthly or annual subscription basis, RIWI offers its clients tracking surveys, continuous risk monitoring, predictive analytics and ad effectiveness tests in all countries – without collecting any personally identifiable data. https://riwi.com

RIWI CORP.
Signed: “Neil Seeman”
Neil Seeman, Chief Executive Officer

For media inquiries, please contact:
Neil Weitzman, Chief Revenue Officer
neilweitzman@riwi.com

For more corporate information, please contact:
Daniel Im, Chief Financial Officer
danielim@riwi.com | +1-416-205-9984 ext. 2

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION:

Information and statements contained in this news release that are not historical facts are “forward-looking information” within the meaning of Canadian securities legislation that involves risks and uncertainties. Forward-looking information included herein is made as of the date of this news release and RIWI does not intend, and does not assume any obligation, to update forward-looking information unless required by applicable securities laws. Forward-looking information relates to future events or future performance and reflects management of the Company’s expectations or beliefs regarding future events. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67470

CDL Appoints Deloitte as External Financial Advisor to Evaluate Investment in Sincere Property Group

City Developments Limited (CDL) announced today the appointment of Deloitte & Touche Financial Advisory Services Pte. Ltd. (Deloitte) as its External Financial Advisor to assist in further evaluating and reviewing its 51.01% joint venture equity investment in Sincere Property Group (Sincere) based in China.

The CDL investment of an effective 51.01% stake in Sincere, completed in April 2020, is a strategic investment which provides CDL with a platform established over 26 years, comprising different asset classes across 18 cities in China. Sincere is ranked in China among the Top 100 Developers by China’s Real Estate Association and one of the Top 10 Business Park Developers and Operators.

As at 30 June 2020, CDL Group’s global asset portfolio amounted to S$23.8 billion, of which China accounted for 14%. Excluding Sincere, the Group’s China portfolio includes residences, office buildings, hotels, serviced apartments and retail malls.

The CDL Board has mandated this evaluation and review by Deloitte in view of the challenges relating to Sincere’s liquidity position following the outbreak of the pandemic and new measures to further tighten liquidity for real estate companies in China; the most recent being the ‘Three Red Lines’ policy.

Deloitte will evaluate the investment in Sincere in the light of the above challenges. Based on the findings – expected to be finalised before the end of 2020 – the Group will update shareholders on the proposed recommendations.

Issued by City Developments Limited (Co. Regn. No. 196300316Z)
For media enquiries, please contact
Gerry De Silva
Head, Group Corporate Affairs
Hong Leong Group
T: +65 6877 8538
E: gerry@cdl.com.sg

Belinda Lee
Head, Investor Relations and Corporate Communications
T: +65 6877 8315
E: belindalee@cdl.com.sg

Joanne Koh
Manager, Group Corporate Affairs
Hong Leong Group
T: +65 6877 8537
E: joannekoh@cdl.com.sg

Eunice Yang
Vice President, Corporate Communications
T: +65 6877 8338
E: eunicey@cdl.com.sg

Follow CDL on social media:
Instagram: @citydevelopments / instagram.com/citydevelopments
LinkedIn: linkedin.com/company/city-developments-limited
Twitter: @CityDevLtd / twitter.com/citydevltd

About Sincere Property Group (www.sincere.com.cn)
With over 20 years of track record, Sincere Property is ranked as one of China’s Top 100 Developers by the China Real Estate Association and one of China’s Top 10 Business Park Developers and Operators by Guandian. Sincere Property has a full set of development and asset management capabilities across different sectors, including residential, retail, office, hotel and serviced residence, business park and large-scale mixed-use development. Sincere Property’s geographical presence in China spans 18 cities, including key Tier 1 and Tier 2 cities. It employs over 1,800 professionals.

Its development land bank totals 8.3 million square metres with 64 development projects across 18 cities in China as at 30 June 2020. Sincere Property has a full spectrum of residential projects ranging from high-end to mass market, which includes villas as well as low- and high-rise condominiums. Sincere Property also owns and/or operates a substantial portfolio of investment properties in China, including 9 retail malls, 13 offices, four hotels with more than 1,000 rooms and a serviced residence with 404 apartments.

Sincere Property’s contracted sales grew at a compounded annual growth rate of around 29% from RMB 9.9 billion in 2016 to RMB 21.4 billion in 2019.

Raffles Financial Enters into Joint Venture Agreement with Raffles Infrastructure Investment

Raffles Financial Pte Ltd, a wholly owned subsidiary of Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) (“Raffles”, “the Company” or “RF”), today announces that the Company has entered into a Joint Venture Agreement with Raffles Infrastructure Investment Pte Ltd. (“RII”), a subsidiary of Raffles Infrastructure Holdings Limited listed in Singapore under symbol LUY. The Parties intend to collaborate in a joint venture company (“JVC”), MFUND Limited, which upon completion shall be renamed into “Raffles Infrastructure Capital Limited”, a company incorporated in Hong Kong.

The joint venture is in line with the Company’s long-term objective of seeking opportunities and growth of its business and operations.

“Asia infrastructure spending is forecast at US$5.3 trillion by 2025*. Raffles Infrastructure’s core competency is in the planning and developing of infrastructural projects in Asia, particularly China, while Raffles Financial is focused on the global fund raising and corporate finance advisory. The JV can provide a complete suite of infrastructure development solutions to governments and their developers,” comments Dr. Charlie In, Chairman of Raffles Financial.

* Source: PWC APEC Infrastructure Development
The principal activity of the JVC will be to provide advisory and management services such as:
A. Funding of infrastructure projects commissioned by government and/or developers
B. Appointment & appraisal, including payment approvals, of EPC contractors and suppliers
C. Marketing and leasing of the projects to secure buyers and tenants
D. Sale of developments to REITS, Business Trusts and Funds

The key targets are Asian governments and developers of infrastructure projects such as highways, rail systems, air/sea ports, logistic hubs, clean energy stations, telecommunication towers, cloud & data centres, and government facilities like hospitals, schools, national parks, water plants, energy grids.

The JVC will not invest in these developments; it will provide advisory and management services.

Raffles Financial Group Limited
Terms of the Joint Venture Agreement
The Parties shall procure that JVC is incorporated with an initial issued and paid up share capital of HKD 200 divided into 200 shares. The number of shares and the respective shareholding held by each party are set forth below:

Number of Shares – Percentage of Enlarged Share Capital
RII: 100 Shares, 50%
RF: 100 Shares, 50%

The Board shall comprise up to three Directors. RII shall be entitled to appoint two Directors to the Board and RF shall be entitled to appoint one Director to the Board.

About Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF)
Raffles Financial Pte Ltd (a wholly owned subsidiary of Raffles Financial Group Limited) is an exempt corporate finance advisory firm, registered with the Monetary Authority of Singapore, which provides public listing advisory and arrangement services. Raffles Financial serves as advisor for family trusts, family offices and investment funds. Please visit www.rafflesfinancial.co for more information.

For more information, please contact:
Cathy Hume, Investor Relations
Phone: 416-868-1079 x 231
Email: cathy@chfir.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this release may constitute “forward-looking statements” or “forward-looking information” (collectively “forward-looking information”) as those terms are used in Canadian securities laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward looking information relating to the business of the Company, the anticipated partnerships with financial institutions worldwide and the growth potential through Province Representatives. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67290

80 Acres Farms Raises Funding Round Led by Barclays to Accelerate Growth in Automated Vertical Farming Technology

80 Acres Farms, the sustainable solution for fresh, pesticide-free food, announced that it added Barclays as a strategic investor in the business, joining Virgo Investments, Orange Wings Capital, QuietStar Capital, and other family office investors.

80 Acres Farms is a 2019 fellow from the Unreasonable Impact Americas program and award winner recognized for their work addressing the global pandemic’s effects. 80 Acres Farms addresses both sustainability and food security through growing food differently with vertical farming technology and reducing water usage by 97% on less than 1% of the land, with 300x the yield.

Mike Zelkind, CEO of 80 Acres Farms, said: “There has been an explosion in demand for fresh, locally grown, nutritious food, and this investment round enables us to continue to meet that demand at the right unit economics. We look forward to developing our relationship with Barclays and their global network through our shared passion for enhancing sustainability in this industry.”

Andrew Challis, Co-Head of Principal Investments at Barclays, said: “80 Acres Farms can shorten the vulnerable, carbon-intensive supply chain and secure retailers and consumers with consistent, safe, fresh, sustainably grown food. This is an exciting investment proposition for Barclays as it supports our clients’ and consumers’ transition to a low-carbon economy and underpins our ambition to take a leading role in tackling climate change.”

80 Acres Farms operates eight indoor farms in the US, including a new state of the art facility in Hamilton, Ohio – built by an affiliated company, Infinite Acres – that will deliver 10 million servings in its first year. You can find 80 Acres’ product of just-picked salads, tomatoes, cucumbers, herbs, and microgreens at Kroger, Whole Foods, The Fresh Market, Dorothy Lane Markets, Jungle Jim’s Markets, and key National Foodservice Distributors including Sysco and US Foods.

About 80 Acres Farms

80 Acres Farms is a vertical farming leader providing customers with the freshest and most nutritious fruits and vegetables at affordable prices. Utilizing world-class technology and analytics, the Company offers customers a wide variety of pesticide-free food with a longer shelf life that exceeds the highest food safety standards.

For further information, please contact us at:
rebecca.haders@eafarms.com / +1 513-910-9089

About Barclays Sustainable Impact Capital initiative

As part of its broader commitments, Barclays will invest GBP175m of its own capital, led by the Principal Investments team, in fast-growing, innovative, environmentally-focused companies whose values are aligned with those of Barclays and which target the goals and timelines of the Paris Agreement. Investments will be strategic to Barclays, its clients, and the communities it serves, with clear scalable propositions that deliver both environmental benefits and economic returns.

Barclays ESG Report 2019 https://www.newsfilecorp.com/redirect/NaGbHqqEZ

For further information, please contact us at:
Investment Enquiries: PITeamInbox@barclays.com
Media Enquiries: emily.stead2@barclays.com / +44 (0) 7796 706166

Related Images
80 Acres Farms Newest Location https://www.newsfilecorp.com/redirect/XawbHee4o
80 Acres Farms’. Fully-Automated vertical farm located in Hamilton, OH

Related Links
Ground-Breaking Companies Join the 10th Unreasonable Impact Program https://www.newsfilecorp.com/redirect/DxNbtwwJe
80 Acres adds Walmart, Dole execs to leadership team as it gears up for growth https://www.newsfilecorp.com/redirect/rJ3ouOOjp

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67308

Zhonghua Gas Holdings Limited Proposed Issue of Convertible Bonds in the Principal Amount of HK$97,800,000

Zhonghua Gas Holdings Limited (the “Company”; Stock Code: 8246) together with its subsidiaries (collective namely the “Group”) today announces that on 2 November 2020 (after trading hours), the Company entered into Subscription Agreement with the wholly-owned subsidiary of Kai Yuan Holdings Limited (Stock Code: 1215) (“the Subscriber”), pursuant to which the Company has conditionally agreed to issue and the Subscriber has conditionally agreed to subscribe for the three-year Convertible Bonds in the aggregate principal amount of HK$97,800,000. The initial conversion price is HK$0.27 each (subject to adjustments).

As at the date of this announcement, the Company has a total of 3,622,136,000 Shares in issue. Assuming there is no further issue or repurchase of the Shares, based on the initial Conversion Price of HK$0.27 per Conversion Share and assuming full conversion of the Convertible Bonds took place, the Convertible Bonds will be convertible into 362,222,222 Conversion Shares, representing approximately 10.00% of the existing issued share capital of the Company as at the date of this announcement and approximately 9.09% of the issued share capital of the Company as enlarged by the issue of the Conversion Shares. The net proceeds are intended to be used for the enhancement of the existing business of the Group and working capital.

The Board of Directors believes that through issuing a convertible bond, it presents an opportunity for the Group to strengthen its financial position while optimizing its investor base and capital base. It will also set a good foundation for further strategic alliance with the Subscriber. Thus, the Group is optimistic towards the prospects of the Group.

Kai Yuan Holdings Limited is principally engaged in investment holding. One of its substantial shareholders is renowned Chinese entrepreneur Mr. Du Shuang Hua, who was ranked 65th in the Hurun Rich List of 2019. He has extensive businesses covering industries in steel manufacturing, logistics, banking and properties development in the PRC. The subsidiary companies of Kai Yuan are principally engaged in hotel operation and money lending business.

Zhonghua Gas Holdings Limited
Zhonghua Gas Holdings Limited is principally engaged in provision of diverse integrated new energy services including technological development, construction and consultancy services in relation to heat supply and coal-to-natural gas conversion, supply of liquefied natural gas, coupled with trading of new energy related industrial products. The Group is also engaged in the property investment business.

Media Contacts:
Angel Yeung
Jovian Communications Ltd
Tel: +852 2581 0168
Email: news@joviancomm.com

UNISOC Completes Multi-vendor 5G SA Chip Interoperability Testing

UNISOC completed multi-vendor 5G standalone (SA) chip interoperability testing and ZUC verification testing on October 15, with major system vendors. The tests confirm that UNISOC 5G chips are fully interoperable with system equipment vendors and support the ZUC encryption algorithm, laying the foundation for large-scale commercialization of 5G SA terminals.

The tests were organized by IMT-2020 (5G) Promotion Group at the China Academy of Information and Communications Technology (CAICT), using smartphones powered by the UNISOC T7510. UNISOC successfully completed the 5G SA chip interoperability testing with ZTE, Nokia Shanghai Bell and Ericsson, and the ZUC verification test with ZTE.

In the 5G SA chip interoperability test, following 3GPP R15 F60 standards, the UNISOC T7510 completed testing for 280 items, covering the physical layer, RRC layer, NAS layer, service bearing, network slicing and NR-LTE mobility and EPS Fallback.

In the ZUC performance test, smartphones with the UNISOC T7510 completed 18 test cases for uplink/downlink rate, encryption delay, and integrity protection at data level. ZUC, or Zu Chongzhi, is a central 3GPP Confidentiality Algorithm and will be used to build a more secure 5G network and meet the requirements of various verticals.

About UNISOC
UNISOC is a leading fabless semiconductor company committed to R&D of core chipsets for mobile communications and AIoT. With 4,500 staff, 17 R&D centers and 7 customer support centers around the world, UNISOC is one of the largest chipset providers for IoT and connectivity devices in China, a global top 3 mobile chipset supplier, and the leading 5G company in the world. Please visit http://www.unisoc.com.

Media Contact:
Miranda Wu – UNISOC PR Team
Email: mengran.wu@unisoc.com
UNISOC Technologies Co., Ltd

Olympus announces acquisition of FH ORTHO, an international orthopedics company in France

To expand Minimally Invasive Surgery field by reinforcing its orthopedics business

Olympus Corporation (Director, Representative Executive Officer, President and CEO: Yasuo Takeuchi) today announced that it has acquired FH ORTHO SAS, an international orthopedic company headquartered in Heimsbrunn, France, following the close of a definitive agreement the two companies signed in the summer of 2020. The acquisition underscores Olympus’ commitment to expanding in the growing field of orthopedic minimally invasive surgery (MIS) both organically and through mergers and acquisitions, with the overarching goal of developing innovative solutions that improve clinical outcomes, reduce overall costs and enhance quality of life for patients.

By acquiring FH ORTHO, Olympus builds on its portfolio of innovative and patient-focused solutions that are used in MIS procedures in ligament repair, foot & ankle, and trauma surgery.

Olympus is already active in orthopedics in Japan, where its joint venture Olympus Terumo Biomaterials Corp. distributes products such as bone substitutes and high tibial osteotomy (HTO) plates and screws. Beyond this, Olympus has also developed the first ultrasound device indicated for arthroscopic surgery, supporting more accurate and safer cutting of bones.

The acquisition of FH ORTHO will strengthen Olympus group’s sales channels by enabling it to expand the distribution of both Olympus’ orthopedic products via FH ORTHO’s existing distribution channels, as well as to sell certain FH ORTHO key products in Japan.

By expanding its distribution network, Olympus will reinforce its position as a leading global medtech company as it continues to innovate and create solutions across all areas of the MIS workflow.

“We are pleased to integrate FH ORTHO’s product portfolio, market reach and talented people to our orthopedics business,” says Toshihiko Okubo, Senior Vice President, New Business Development, Global at Olympus. “By combining FH ORTHO’s expertise and its excellent business presence with our products and solutions for the minimally invasive orthopedics surgery, the benefit of our offer to the patients and healthcare professionals will be further enhanced across the world.”

Jean-Marc Idier, CEO of FH ORTHO, comments, “The FH ORTHO team very positively welcomes the arrival of Olympus as a recognition of our ongoing efforts and past accomplishments, whilst providing us with new means to accelerate the next phase of our international expansion.”

About FH ORTHO
FH ORTHO develops and manufactures orthopedic devices and instruments for surgeons around the world. Founded in Mulhouse, France in 1964, FH ORTHO is represented in over 37 countries, with products focused on joint reconstruction, ligament repair, biologics, foot & ankle, and trauma surgery. R&D and factory are based in Quimper, France. Backed by 55 years of forward-thinking innovation in devices, techniques and product delivery, the company today is positioned for rapid expansion globally.

With an unrelenting commitment to innovation, research and collaboration, FH ORTHO continues to bring new ideas and techniques to advance the forefront of orthopedics globally. FH ORTHO products are developed and refined by surgeon experts who are among the world leaders in their respective fields. Prized for elegant design and distinguished by clinical sophistication and flexibility, FH ORTHO products help surgeons deliver ideal patient outcomes with devices, systems and tools that simplifies patient management for the surgeon, at an overall cost structure that is a benefit to the entire patient continuum of care.

About Olympus’ Medical business
Olympus’ Medical business uses innovative capabilities in medical technology, therapeutic intervention, and precision manufacturing to help healthcare professionals deliver diagnostic, therapeutic, and minimally invasive procedures to improve clinical outcomes, reduce overall costs, and enhance the quality of life for patients. Olympus’ Medical portfolio includes endoscopes, laparoscopes, and video imaging systems, as well as surgical energy devices, system integration solutions, medical services, and a wide range of endotherapy instruments for endoscopic and therapeutic applications. For more information, visit www.olympus-global.com.

For questions or additional information, please contact:
Europe, Middle East and Africa
Matthias Gengenbach
+49 15142369420
matthias.gengenbach@olympus-europa.com

Japan
Yuka Horimoto
+81-90-2490-1071
yuka.horimoto@olympus.com