Electronics Archives - Page 5 of 17

ALMAC to open mid-November

Strengthening Hong Kong’s position as an international shipping centre and aviation hub

– The 14th Asian Logistics, Maritime and Aviation Conference (ALMAC) will take place on 18 and 19 November at the Hong Kong Convention and Exhibition Centre
– Under the theme of “Shaping the Future of Supply Chains: Resilience and Sustainability”, ALMAC aims to strengthen Hong Kong’s position as an international shipping centre, in alignment with the Resolution of the Third Plenary Session of the 20th Central Committee of the Communist Party of China and measures proposed in the latest Policy Address
– Around 80 distinguished speakers will delve into discussions on how to create resilient and sustainable supply chains
– 2,000+ participants from more than 30 countries and regions are expected to attend
– Discussions will focus on 3 major trends – supply chain diversification, sustainability and green energy and innovation and technology

The 14th Asian Logistics, Maritime and Aviation Conference (ALMAC), co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and Hong Kong Trade Development Council (HKTDC), will take place on 18-19 November at the Hong Kong Convention and Exhibition Centre.

Under the theme “Shaping the Future of Supply Chains: Resilience and Sustainability”, the event aligns with the Resolution of the Third Plenary Session of the 20th Central Committee of the Communist Party of China and supports measures proposed in the latest Policy Address to reinforce Hong Kong’s status as an international shipping centre and aviation hub and to foster the development of the city’s maritime industry. In addition to around 80 heavyweight speakers, the conference is expected to attract over 2,000 participants from more than 30 countries and regions to explore the latest trends and business opportunities in the aviation, logistics and maritime sectors, and to promote high-quality development of the logistics and supply chain management industry.

Stephen Liang, Assistant Executive Director, HKTDC said: “As the flagship supply chain event in Asia, this year’s ALMAC presents an impressive line-up of experts from the aviation, logistics and maritime sectors, with a wide coverage of countries and regions, including Middle East, Central Asia and other regions, demonstrating Hong Kong’s strength as a platform for international trade and investment. In addition to the attendance of Fu Xuyin, Vice Minister of the Ministry of Transport, People’s Republic of China, for the first time a number of ASEAN officials are invited, including Loke Siew Fook, Minister of Transport Malaysia, H.E. Heng Nan, Secretary of State, Ministry of Public Works and Transport, Cambodia, H.E. Saysongkham Manodham, Vice Minister of Public Works and Transport, Lao PDR and Nguyá»…n Xuân Sang, Deputy Minister of Transportation, Vietnam. The support of leaders from these ASEAN member countries reinforces Hong Kong’s position as a superconnector and an international shipping centre and aviation hub.”

He said: “HKTDC has been promoting the advantages of Hong Kong’s eight centre priority sectors and strengthening the development of high-value supply chain services. We encourage companies to leverage our trade platforms and activities and capitalise on Hong Kong’s international platform to explore global opportunities.”

Three major trends in the logistics service industry
This year’s ALMAC will address three major trends in the logistics service industry: supply chain diversification and market opportunities, sustainability and green energy, and innovation and technology. The global landscape is rapidly changing and supply chain management plays a pivotal role in driving long-term business development. In addition, sustainability has emerged as a paramount focus for businesses aiming to future-proof their operations while innovative technologies and digitalization, such as AI, big data, robotics and drones, offer promising solutions to improve the efficiency of global value chains.

Featured speakers include Dr Shamika N. Sirimanne, Director, Division on Technology and Logistics, UN Trade & Development; Dr Erez Agmoni, Head of Innovation (Logistics & Services), Maersk; Achim Martinka, Vice President Global Airfreight- Commercial & Sustainability, DSV; Arjen van Diepen, Head of Global Strategic Planning, The HEINEKEN Company; Bjoern Neal Kirchner, Corporate Vice President Supply Chain Management, Henkel; Rebekka Carey-Smith, Head of Sustainability, THE ICONIC; Nicholas Borsotto, Head of Lenovo AI Innovators and many more.

Two debut thematic sessions exploring new trade lines and green energy
Disruptions in supply chains have highlighted the vulnerabilities of relying on a single supply and distribution network. To build more resilient networks, businesses are exploring new trade routes to minimise the impact of disruptions on operations and customers.

To examine new trade routes and opportunities for supply chain diversification and risk mitigation, a debut panel discussion “Navigating New Trade Lines for Mitigating Disruptions” will feature speakers such as Wilson Kwong, Chief Executive, Hong Kong Air Cargo Terminals Limited; Eng. Loay Mashabi, Managing Director, Saudia Cargo; David O. King, Senior Vice President, Commercial, SEKO Logistics, Delia Sun, Global Head of Supply Chain, DKSH; and Louis Tang, Managing Director, Ocean Network Express (East Asia).

The Policy Address proposed developing Hong Kong into a leading green international maritime centre. To explore long-term sustainable solutions, strategies and technologies that facilitate energy transition, this year’s conference will include an inaugural “Green Energy Forum: Energy Transition towards Net Zero Emissions”, which will be hosted by Peter Thompson, East Asia Energy Business Leader, Arup. Speakers including Scott Childress, Chief Sustainability Officer, UPS; Marcella Franchi, Chief Marketing Officer and Head of SAF, Haffner Energy; Paolo Gallieri, Chief Operation Officer, Zhero; Neil McDonald, Managing Director, Gold Hydrogen Limited; Benjamin Mee, Executive Director, HyTerra Ltd.

20 thematic forums and workshops over two days
Together with forums related to the 3 major trends, ALMAC will feature some 20 thematic forums and workshops, including special sessions on air freight, shipping, supply chain management and logistics. The Global Spectrum session on the first day, Navigating Global Supply Chains for Inclusive Growth, will explore how governments and businesses can mitigate the impact of supply chain disruptions on global trade.

Shippers are key stakeholders in the logistics industry, accounting for one-third of ALMAC participants last year. Speakers from international brands, including leading fashion brand THE ICONIC, electronics brand Lenovo, food and beverage brands such as MondelÄ“z International, Heineken and Henkel, and fast-moving consumer goods company Reckitt will shed light on supply chain transformation and development.

ALMAC will continue to host a series of workshops this year, covering topics including e-commerce, youth development, and new subjects including Halal Logistics and sustainable fuel. Industry experts from Shell Aviation, Hong Kong Air Cargo Terminals Limited, Arup, and DKSH will provide practical, hands-on tips for participants. The debut workshop titled “Seamless Integration of Halal Logistics in the Global Halal Supply Chain” will delve into strategic approaches to the seamless integration of halal practices across the entire supply chain process, and how businesses can achieve halal compliance.

Hong Kong’s NextGen Logistician Awards promotes the logistics industry
The Hong Kong’s NextGen Logistician Awards Presentation Ceremony will take place on the second day of the conference. It is a new annual award for the logistics industry advocated by the Transport and Logistics Bureau in the Action Plan on Modern Logistics Development and jointly organised by the Hong Kong Shippers’ Council and the Hong Kong Logistics Association with the support of the Hong Kong Logistics Development Council and the Hong Kong Trade Development Council. It aims to recognise young talents in the logistics industry who have made significant achievements and shown remarkable potential in innovative, high-end, smart and green logistics. The Secretary for Transport, Lam Sai-hung, will attend the Ceremony.

Exhibition area to feature three major air cargo terminals
ALMAC will also feature some 90 exhibitors to showcase the latest supply chain management and logistics technology solutions in three exhibition zones including Logtech Salon, Supply Chain Management and Logistics Services, and Maritime and Port Services. The “Logtech Salon”, which was first held last year, showcases artificial intelligence, big data and cloud technologies applicable to the industry. Three of Hong Kong’s major air cargo terminals, Hong Kong Air Cargo Terminals, Cathay Cargo Terminal, and Asia Airfreight Terminal will participate in the exhibition, together with other leading companies such as Mitsui O.S.K. Lines, Ocean Network Express. The Hong Kong Association of Freight Forwarding and Logistics and Hong Kong Science and Technology Parks (HKSTP) will host exhibition pavilions.

Business matching sessions will continue to be offered to bring together shippers and service providers to create business opportunities and promote industry development.

Photo download: https://bit.ly/3Cbp2Ih

Media enquiries
Yuan Tung Financial Relations:
Agnes Yiu Tel: (852) 3428 5690 Email: ayiu@yuantung.com.hk
Edmund Choi Tel: (852) 3428 2360 Email: echoi@yuantung.com.hk

HKTDC’s Communications & Public Affairs Department:
Stanley So Tel: (852) 2584 4049 Email: stanley.hp.so@hktdc.org
Clayton Lauw Tel: (852) 2584 4472 Email: clayton.y.lauw@hktdc.org

HKTDC Media Room: http://mediaroom.hktdc.com

Autumn Lighting Fair, Outdoor and Tech Light Expo and Eco Expo Asia draw some 60,000 buyers

Industry bullish on sales and AI

– The twin lighting fairs and the Eco Expo Asia concluded with success, attracting some 60,000 buyers from 150 countries and regions.
– 61% of lighting industry respondents expect overall sales to grow in the next 12-24 months, while 61% of respondents foresee AI as a key growth driver in lighting industry.
– An exhibitor expected actual orders received after the Autumn Lighting Fair to amount to around US$40-50 million.
– Eco Expo Asia successfully attracted buyers from various industries to procure eco products and green technologies, empowering enterprises on their sustainable development.
– A Hong Kong company trading electric and hybrid electric vehicles estimate its sales this year to increase by 15-20%, in view of the more optimistic sentiment.

The 26th Hong Kong International Lighting Fair (Autumn Edition), the 9th Hong Kong International Outdoor and Tech Light Expo, and the 19th Eco Expo Asia, jointly organised by HKTDC, Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR), have come to a successful conclusion. The three exhibitions attracted some 60,000 buyers from 150 countries and regions, signifying Hong Kong’s status as an international conference and exhibition centre.

Sophia Chong, Deputy Executive Director of the HKTDC, said: “The recent Policy Address proposed several measures to enhance Hong Kong’s status as an international trade centre. The fairs created cross-industry sourcing opportunities and attracted some 60,000 buyers in total. The number of buyers from Brazil, Canada, Indonesia, Italy and the Netherlands increased from last year. Eco Expo Asia also drew many new buyer groups, including from Indonesia, Malaysia, and the United Arab Emirates (UAE), showing that ASEAN and Middle Eastern buyers view Hong Kong as an important trading and sourcing platform. These fairs further solidified Hong Kong’s role as a trade centre which also promotes green and low-carbon development.”

Survey shows optimism on sales in the lighting industry
An independent survey of over 710 exhibitors and buyers at the Autumn Lighting Fair and Outdoor and Tech Light Expo revealed that respondents hold an optimistic outlook, with 61% respondents expecting overall sales to grow in the next 12-24 months, and 34% expecting sales to remain unchanged.

For traditional markets, respondents were mainly optimistic about Australia and the Pacific Islands (74%), Korea (72%), and Taiwan (57%). Among emerging markets, the industry was primarily positive on Middle East (88%), Latin America (80%) and Russia (64%).

In terms of trends in lighting products, 61% respondents foresee that artificial intelligence (AI) is the driving factor of industry growth. Most respondents (43%) believed energy-efficient lighting control solutions to have great potential in the smart lighting industry in next two years, followed by home automation and smart lighting control systems (36%), wireless lighting control systems (27%) and outdoor smart security lighting systems (26%).

Hall of Connected Lighting with international brands launching new products
Under the theme “Light & Life”, the twin lighting fairs showcased innovative products and solutions that integrate lighting with life. The Autumn Lighting Fair revealed industry trends, such as sustainable development, healthy living, and innovative design. The Hall of Connected Lighting at the Autumn Lighting Fair featured over 50 internationally renowned brands from eight countries and regions.

Amongst them, Shanghai Pudong Intelligent Lighting Association and the DALI Alliance collectively showcased numerous key brands to present their intelligent lighting ecosystem. Signify from the Netherlands, Tridonic from Austria and TUYA Smart from Mainland China, among others, also launched new products at the Fair. The hall was not only popular among buyers but also elevated the fair to a higher level.

Tridonic GmbH CEO Hugo Rohner stated, “This year, we have met more new buyers from Europe and the Middle East. The Fair also provides a perfect platform for us to announce the launch of lichtMONITOR in Asia, which has attracted the attention of international buyers.”

The business atmosphere at both lighting fairs was enthusiastic and lively. At the Autumn Lighting Fair, the Mainland China exhibitor Jason Yan, Sales Manager of Hangzhou Sky-Lighting Co., Ltd. stated that the number of buyers visiting their booth increased by 20-30%. During the first day of the Fair, more than 10 buyers from Europe and North America expressed their intention to place orders. He expected that actual orders received after the Autumn Lighting Fair will amount to around US$40-50 million.

This year, the Outdoor and Tech Light Expo introduced a Smart Pole and Solution zone. Liu Jie, Manager of Jiangsu Fute Lighting Group Co., Ltd. from Jiangsu Gaoyou Lighting Association, said: “Many buyers from Saudi Arabia, UAE, India, Vietnam and Argentina have expressed serious interest in sourcing our smart streetlights and signal lights. Potential orders under negotiation are up to US$10 million.”

A buyer from Canada, David Daniels, President of Etlin-Daniels Electrical Devices Inc. has been visiting the Spring Lighting Fair and Autumn Lighting Fair every year: “I have found two potential suppliers through the Click2Match platform, and I plan to buy US$450,000 worth of area lights and down lights from them. I am also interested in new models of LED panel lights and LED tri-proof lights presented by my existing supplier at the Fair, and I’ll buy US$800,000 worth of lighting products from this supplier.”

Eco Expo Asia fully promotes energy conservation and waste reduction

Under the theme of “Fostering Green Innovations for Carbon Neutrality”, Eco Expo Asia focused on three areas that echo the recent Policy Address, namely new energy, waste management and circular economy, and ESG-related services.

The demand for environmentally friendly products or technologies is increasingly growing across various industries. As a leading expo in the green industry, Eco Expo Asia is supported by governments, industry associations and enterprises from around the world. In addition to local buyers, this year’s expo also invited suppliers who provide services to mainland and ASEAN governments to procure green technologies and products. Other industries attending the Fair to source green products and services included infrastructure, real estate, property management, logistics, hotels, department stores and finance.

Hong Kong exhibitor Alex Huen, General Manager of GMI Motors Ltd said: “Last year at Eco Expo Asia, we received over 20 enquiries from Europe, Southeast Asia and Mainland China, resulting in five vehicle sales amounting to HK$8 million. This year, we estimate an increase of 15-20%, in view of the more optimistic sentiment. The Click2Match platform has been invaluable for us. We have successfully arranged five meetings with overseas buyers on the first day.”

Keith Ang, Managing Director of Transco-PAC Transport & Environmental Pte Ltd said: “We aim to secure deals with a total budget of S$500,000 (HK$ 3 million). We are particularly interested in solutions provided by Hong Kong companies, including waste management for a government initiative in Singapore, as well as textile recycling solution.” Another buyer Ruuth Sonnia Agustina M, Digital Technology Manager of PT Moda Integrasi Transportasi Jabodetabek in Indonesia, was interested to procure 50 EV chargers worth up to HK$100,000 from a Hong Kong company for the charging stations that they are planning to build at three train stations in the country.

Igniting cross-industry business opportunities through three fairs
Organised by the HKTDC, the Hong Kong International Lighting Fair (Autumn Edition) and the Hong Kong International Outdoor and Tech Light Expo formed a world-renowned lighting marketplace, attracting some 3,000 exhibitors collectively and more than 40,000 buyers and more than 10,000 buyers, respectively. Eco Expo Asia, co-organised by the HKTDC and Messe Frankfurt (HK) Ltd., drew over 300 exhibitors and over 8,500 buyers.

Under the EXHIBITION+ hybrid mode, exhibitors and buyers can engage in online business negotiations and matching through the Click2Match smart business matching platform until 8 November for the two lighting fairs and until 9 November for Eco Expo Asia.

Fair Websites
Hong Kong International Lighting Fair (Autumn Edition): hklightingfairae.hktdc.com
Hong Kong International Outdoor and Tech Light Expo: hkotlexpo.hktdc.com
Eco Expo Asia: www.ecoexpoasia.com

Exhibitor and Buyer Quotes
Hong Kong International Lighting Fair (Autumn Edition):
https://www.hktdc.com/event/hklightingfairae/en/success-stories
Hong Kong International Outdoor and Tech Light Expo:
https://www.hktdc.com/event/hkotlexpo/en/success-stories
Eco Expo Asia:
https://www.hktdc.com/event/ecoexpoasia/en/success-stories

Photo download: https://bit.ly/3ArukPo

Website
International Lighting Fair (Autumn Edition): hklightingfairae.hktdc.com
Hong Kong International Outdoor and Tech Light Expo: hkotlexpo.hktdc.com
Eco Expo Asia: www.ecoexpoasia.com

Media enquiries
Please contact the HKTDC’s Communications and Public Affairs Department:

Stanley So	Tel: (852) 2584 4049	Email: stanley.hp.so@hktdc.org
Clayton Lauw	Tel: (852) 2584 4472	Email: clayton.y.lauw@hktdc.org

The HKTDC’s Media Room: http://mediaroom.hktdc.com/en

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences, and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

Background information on Messe Frankfurt
The Messe Frankfurt Group is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With a workforce of some 2,300 people at its headquarters in Frankfurt am Main and in 28 subsidiaries, it organises events around the world. Group sales in financial year 2023 were around € 609 million. We serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of Messe Frankfurt’s key strengths is its powerful and closely knit global sales network, which covers around 180 countries in all regions of the world. Our comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. We are using our digital expertise to develop new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services.
Sustainability is a central pillar of our corporate strategy. Here, we strike a healthy balance between ecological and economic interests, social responsibility and diversity.
For more information, please visit our website at: www.messefrankfurt.com/sustainability
With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).For more information, please visit our website at: www.messefrankfurt.co

The Electronics Fair and electronicAsia attract more than 60,000 buyers

On-site survey reveals industry expecting ideal market potential for wearable products and robotics technology

– The two major electronics fairs concluded today, attracting over 60,000 industry buyers from 136 countries and regions
– 53% of respondents in an on-site survey expect overall sales to increase over the next 12-24 months, while 43% expect sales to remain stable
– Most respondents believe there is a “very promising” or “promising” market potential for wearable electronic products (65%) and robotics technology (59%)

The Hong Kong Electronics Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), and electronicAsia, jointly organised by the HKTDC and MMI Asia Pte Ltd, concluded their physical exhibitions today.

The four-day events attracted more than 60,000 industry buyers from 136 countries and regions. The number of buyers from Malaysia, Türkiye, Argentina and the UAE increased from last year. This reflects the exhibitions’ status as important sourcing platforms for the industry.

Sophia Chong, Deputy Executive Director of the HKTDC, said: “The global trend towards smart living is driving demand for innovative products and solutions. The Electronics Fair and electronicAsia serve as efficient platforms for the industry, enabling exhibitors to showcase their electronic products and technology solutions to buyers. We are pleased to see exhibitors and buyers successfully exploring business opportunities at the exhibitions, which are expediting Hong Kong’s development into an international innovation and technology (I&T) centre.”

In late October, the HKTDC will host the Hong Kong International Lighting Fair (Autumn Edition), Hong Kong International Outdoor and Tech Light Expo and ECO Expo Asia to create more cross-industry business opportunities.

Industry optimistic about India, the Middle East, Latin America
An independent survey agency commissioned by the HKTDC interviewed 1,091 Electronics Fair buyers and exhibitors about growth prospects for the industry. 53% of respondents expect overall sales to increase in the next 12-24 months, while 43% anticipate that they will remain stable. Most respondents believe that the electronics industry has the most growth potential in emerging markets, such as India, the Middle East and Latin America over the next two years, followed by Korea, Mainland China, Australia and the Pacific Islands.

In terms of trends in electronic products, most respondents believe there is a “very promising” or “promising” market potential for wearable electronic products (65%) and robotics technology (59%).

Meanwhile, 56% of respondents believe that the market potential for e-sports products and equipment is high. Most respondents consider these products to have the greatest growth potential in North America and Northern and Western Europe.

Exhibitors attract quality buyers at fairs
This year’s Electronics Fair featured more than 20 zones, gathering the latest electronic products and innovative solutions from global exhibitors in areas such as smart cities, smart mobility, gerontechnology and digital entertainment.

First-time exhibitor and Founder of Zunosaki Limited, Newmen Ho, promoted the company’s hand rehabilitation robot in the Startup Zone, seeking Mainland China and overseas distributors, partners and investors. In the first half of the exhibition, he met potential buyers from Taiwan’s nursing homes and from Korea. Additionally, a buyer from India expressed interest in applying the company’s robotic hand technology across different industries.

Hong Kong’s renowned consumer electronics brand Momax achieved impressive results at the fair. The company’s Founder and CEO John Cheng stated that in the first two days of the Fair, the team met some 60 buyers from the Asia-Pacific region and Europe. Momax also formed a long-term partnership with a publicly listed company in Papua New Guinea and is currently discussing an initial order valued at US$50,000.

Additionally, through HKTDC’s Click2Match smart business matching platform, the company connected with another quality buyer from Australia, with the intent to collaborate long-term. Mr Cheng said: “Hong Kong’s exhibitions are world-class, featuring high-quality buyers from a diverse range of countries. This year’s Autumn Electronics Fair saw a significant turnout, and the buyers were very engaged. We will definitely participate again next year.”

Dongguan Maochang Printed Circuit Board Ltd, which develops technological solutions, participated in electronicAsia to stay updated on industry trends and identify potential buyers. The company’s Sales Director, Michael Tsang, said: “Expanding onto the international stage is our primary goal for participating in the exhibition. I am glad that we met with over 200 potential buyers in the first three days to gain a deeper understanding of customer needs.”

Buyer seeks new products to expand market
Vinal Patel, Chief Commercial Officer of UK buyer Brand Collective, has been attending the Electronics Fair for over 20 years. During the first two days of this year’s fair, he secured over US$2 million worth of purchases, including charging cables, power banks and wireless speakers from two exhibitors. He is also considering expanding the range of products he distributes after discovering new offerings at the Fair. Mr Patel said: “The line-up at the exhibition gets better every year, even more impressive than before the pandemic. I will definitely participate in the Electronics Fairs in April and October in the future.”

Turkish buyer and Co-founder of Robotistan Elektronik Tic AS, Yusuf Gündogdu, visited electronicAsia with a purchasing budget of around U$100,000-200,000 for electronic products. He said: “The Electronics Fair is the best opportunity for me to interact face-to-face with exhibitors from around the world. I always find the best prices here. Meeting the founders of start-ups in the Startup Zone excites me. These companies are poised to become some of the best in the future and will drive market development through innovation, which I eagerly look forward to.”

The organisers held 78 events and forums during the exhibitions, inviting industry leaders to share unique insights and the latest industry information. These events included the Symposium on Innovation & Technology, Hong Kong Electronic Forum and Reliability Assurance for Electronic Systems Forum. Other on-site activities catered to start-ups, including investment matching, the Hong Kong Value Creation for Technology: Pitching Competition, Meet the Mentors sessions and Start-up Smart Launch.

Under the EXHIBITION+ hybrid model, exhibitors and buyers can use the Click2Match smart business matching platform to conduct online meetings, in addition to attending the physical fair. Exhibitors and buyers can still explore business opportunities and conduct online negotiations through Click2Match until 23 October.

Photo Download:https://bit.ly/3BVmX2R

Websites
Hong Kong Electronics Fair (Autumn Edition): hkelectronicsfairae/en
electronicAsia: electronicasia/en

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:

Katy Wong	Tel: (852) 2584 4524	Email: katy.ky.wong@hktdc.org
Snowy Chan	Tel: (852) 2584 4525	Email: snowy.sn.chan@hktdc.org

HKTDC Media Room: https://mediaroom.hktdc.com/en

About the HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong ’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions , conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

ASTRI’s Innovative Smart Mobility Technologies Shine at Autumn Electronics Fair

The Hong Kong Applied Science and Technology Research Institute (ASTRI) is showcasing smart mobility technologies, including cutting-edge Cellular Vehicle-to-Everything (C-V2X) technologies aim at enhancing autonomous driving safety, at the 44th HKTDC Hong Kong Electronics Fair (Autumn Edition), running from 13-16 October at the Hong Kong Convention and Exhibition Centre (HKCEC).

The exhibition, drawing thousands of buyers and industry professionals from home and abroad, is one of the world’s premier electronics marketplaces, fostering industry exchange and collaboration. Participation at this annual flagship event would help promote ASTRI’s connected autonomous vehicles technology, bringing homegrown innovation to the global arena, and reinforcing Hong Kong’s status as a leading international innovation and technology hub.

With smart mobility taking centre stage at this year’s Electronics Fair, ASTRI hosted a seminar today titled “Navigating Tomorrow: How Connected Autonomous Vehicles Reshape Industries”, where industry leaders shared insights into the future of autonomous driving, including market potential and associated challenges.

ASTRI’s Chief Operating Officer Ir Chris Chong said at the seminar that autonomous vehicle (AV) technology mitigates human error and driving misconduct, thereby enhancing road safety. He added that the city’s autonomous driving technology is progressing in tandem with global developments. In alignment with the government’s initiative to further advance driverless technologies, ASTRI plans several autonomous bus trial runs at different locations in Hong Kong next year.

Other seminar speakers include Mr Kenny Chan, Chief Director, Innovative Mind, ASTRI; Dr Weisong Wen, Assistant Professor, Department of Aeronautical and Aviation Engineering, and Team Member of Research Centre for Deep Space Explorations, The Hong Kong Polytechnic University; Mr Richard Lee, Functional Manager, CUHK Jockey Club Institute of Ageing and CUHK Institute of Health Equity; Ms Doris Leung, Founder and CEO, Diamond Cab (Hong Kong) Limited; Mr Jojo Xu, CEO and Co-founder, Libpet Tech Ltd; and Mr Falcon Chan, Partner, Strategy, Risk & Transactions, Deloitte China.

ASTRI’s booth is located at HKCEC’s Convention Hall Foyer [booth number: CH-J04], and the smart mobility technologies on display at the fair are:

1. Smart Mobility Management Platform
ASTRI’s platform offers comprehensive fleet management, including vehicle status monitoring and dispatching. Seamlessly integrating connected and autonomous vehicles (CAV), it meets the evolving demands of future smart mobility. By combining V2X systems with traffic data from open sources and ASTRI’s own deployments, the platform leverages AI to provide real-time insights, transforming urban mobility. These insights facilitate informed and cautious decision-making, enhancing the safety of drivers, passengers, and pedestrians.

2. Pilot Project of Autonomous AIBus Operation on Public Road with Real Traffic
The pilot project funded by the Smart Traffic Fund is being trailled firstly on public roads in Hong Kong. Following the Code of Practice for Trial and Pilot Use of Autonomous Vehicles published on 1 March 2024. The West Kowloon Cultural District serves as the testbed, the total length of the route is tentatively scheduled to be approximately two kilometers. A road test with selected passengers is scheduled to be commenced in 2025, providing practical data for the future adoption of autonomous driving technology on public roads in Hong Kong.

3. Privacy-Preserving Sensing System on Roadside Units (RSUs)
These systems collect environmental information while safeguarding personal privacy by processing data locally, without transmitting to cloud servers. This ensures real-time, low-power sensing capabilities, ideal for applications like smart home automation and robotics. This combination of data privacy and efficient sensing facilitates more secure and reliable technology integration into everyday life.

4. Mid-Range and High-Precision Full-Dome Light Detection and Ranging (LiDAR)
Utilising ASTRI-owned intellectual property, this LiDAR achieves high scanning accuracy at economical cost. Designed for medium-range, high-precision 3D sensing, it serves applications in building information modeling (BIM), security, intelligent logistics, and smart cities. The LiDAR enhances overall efficiency by generating detailed BIM models within seven minutes. Its integration with V2X technology advances smart mobility, detecting movements of road users in real-time, enhancing navigation capabilities of CAVs.

5. Real-Time On-Train Intrusion Detection System
This system, which is co-developed by MTR and ASTRI, offers real-time detection of unexpected objects within tunnels, using multi-sensing fusion technology. It identifies objects even in extremely low-light conditions, generating a 3D train envelope and providing instant alerts. This enhances railway safety and contributes valuable data for the development of Smart Railway.

Meanwhile, Dr Justin Chuang, Vice President, Communications Technologies, ASTRI spoke at the Symposium on Innovation & Technology, jointly organised by the Hong Kong Trade Development Council (HKTDC) and the Hong Kong Electronics and Technologies Association, where he discussed the role of wireless communications technologies in promoting digital twins and related applications.

Media Enquiry
Connie Lau Tel: (852) 3406 2506 / (852) 9497 5390 Email: connielau@astri.org
Beatrice Lam Tel: (852) 3406 0196 / (852) 9036 0212 Email: beatricelam@astri.org

Photo Download
https://bit.ly/4eEkNTZ

About ASTRI
Hong Kong Applied Science and Technology Research Institute (ASTRI) was founded by the Government of the Hong Kong Special Administrative Region in 2000 with the mission of enhancing Hong Kong’s competitiveness through applied research. ASTRI’s core R&D competence in various areas is grouped under five Technology Divisions: Advanced Electronic Components and Systems; Artificial Intelligence and Trust Technologies; Communications Technologies; Innovative Mind, and IoT Sensing and AI Technologies. It is applied across six core areas which are Smart City, Financial Technologies, New-Industrialisation and Intelligent Manufacturing, Digital Health, Application Specific Integrated Circuits and Metaverse.

Over the years, ASTRI has nurtured a pool of research, I&T talents and received numerous international awards for its pioneering innovations as well as outstanding business and community contributions. ASTRI has transferred more than 1,500 technologies to the industry and has been granted over 1,100 patents in the Mainland, the United States, and other countries. For further information, please visit www.astri.org

Electronics Fair and electronicAsia open today

Some 3,200 global exhibitors showcasing cutting-edge products and solutions

– Exhibitors from 19 countries and regions, including Hong Kong, Mainland China, Japan, Korea, various ASEAN countries, the UAE, other Asian countries as well as the United States and Europe
– The Electronics Fair highlights products and technology solutions for smart mobility, the silver economy, digital entertainment and more, while electronicAsia also presents various zones
– The two fairs will host more than 70 events and forums, including the Symposium on Innovation & Technology, co-organised by the Hong Kong Trade Development Council and Hong Kong Electronics & Technologies Association, taking place on 14 October

The Hong Kong Electronics Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), and electronicAsia, organised by the HKTDC and MMI Asia Pte Ltd, open today and will run until 16 October at the Hong Kong Convention and Exhibition Centre (HKCEC).

The two fairs bring together some 3,200 exhibitors from 19 countries and regions, including Hong Kong, Mainland China, Taiwan, Japan, Korea and India, key ASEAN countries, including the Philippines, Singapore and Vietnam, as well as the UAE, the United States and Europe.

HKTDC has also arranged for 110 buying missions from around the world to visit the exhibitions, facilitating business opportunities and fostering global industry exchange.

Electronics Fair showcases trendsetting products
This year’s Electronics Fair, themed World’s Leading Electronics Marketplace, provides a platform to showcase cutting-edge products and innovative ideas to global buyers. More than 20 zones have been set up at the fair, with key highlights including the Hall of Fame, Tech Hall and Startup Zone.

To align with trends in innovative technology and market sourcing demands, a new Digital Entertainment Experience Zone features products that use VR and AR technologies, while an Energy Storage Zone showcases EV chargers and high-capacity, high-power portable energy sources.

The Electronics Fair highlights products and technology solutions in the areas of smart mobility, the silver economy, digital entertainment and more, including:

Smart Mobility:
Smart Traffic Management Platform
The Hong Kong Applied Science and Technology Research Institute (ASTRI) (booth number: CH-J04) is showcasing smart mobility tech, including a smart traffic management platform, an autonomous bus pilot project for the West Kowloon Cultural District and privacy-protecting sensing tech for roadside equipment.

Intelligent Cabin Solutions
Hardstone Intelligent Cabin Solutions (Hardstone Mobile Media (Asia Pacific); booth: 1CON-025) features an AR display that provides useful information for drivers, including navigation suggestions, lane change alerts and collision warnings. The solution also include a multimedia entertainment system.

Silver Economy:
Thermal Imaging Fall DetectorCollie R1 (ThingX Technologies Limited; booth number: CH-B02), an AI-powered thermal imaging fall detector, can monitor human activities in real-time, accurately identifying falls and issuing alerts. It is suitable for residential areas, nursing homes and public places.
Transcutaneous Electrical Nerve Stimulator (TENS)The TENS (Hivox Biotek Inc.; booth number: 3F-E15) provides physiotherapy treatment for pain relief.

A Smart Ageing Products label will also be provided to exhibitors with products and solutions for the silver market, making it easier for buyers to source relevant products.

Digital Entertainment:
3D Naked-eye Holographic Screen
The 3D Naked-eye Holographic Screen (Dongguan Ruyuan Intelligent Technology; booth number: GH-C10) can create 3D animations that do not require 3D glasses for viewing. Images can also be controlled in real-time through a mobile app.

Web 3.0 Travel Platform
Mr Panda! (Charming Panda(HK) Technology; booth: CH-D11) is an AI-driven Web 3.0 platform that provides travel information, itinerary planning and AI tour guide services, while offering AR and MR immersive experiences.

Other Areas:
Smart Lock
Keyin Smart Lock, (Raonark Inc.; booth number: 5C-C10), which uses patented technology, is equipped with an intelligent anti-theft chain. Traditional anti-theft chains can only be opened from the inside. This smart anti-theft chain can be unlocked from the outside through a mobile application, eliminating the need to trouble family members inside to open the door.

Outdoor Security Patrol Robot
The outdoor security patrol robot (Tobot Solution Limited; Booth: CH-L03) can operate on slopes and areas with obstacles, cracks, sand, snow and grass. It monitors crowd gatherings and identifies fires. It can also be equipped with devices for putting out fires and for disinfection.

The concurrent electronicAsia also features different zones, including electronic components, keyboards and switches, power supplies, printed circuit boards and electronic manufacturing services, display technology, and test and inspection equipment.

Among the exhibitors is Chip Sun Technology from Shenzhen, recognised by the government as a ‘specialised, refined, distinctive and innovative small and medium enterprise in Guangdong Province’. The company is renowned for its quartz crystals that are used in mobile phones, Bluetooth devices, GPS systems, WiFi technology, smart home applications and various other sectors.

The organisers and partners are hosting more than 70 events and forums during the two fairs.

The Symposium on Innovation & Technology, jointly organised by the HKTDC and the Hong Kong Electronics & Technologies Association and themed ‘When Two Worlds Collide: The Confluence of Digital Twins & Real-Life Applications’, will take place on 14 October. Tony Wong, Commissioner for Digital Policy of Innovation, Technology and Industry Bureau’s Digital Policy Office, will deliver the opening remarks.

Distinguished speakers from Arup, ASMPT SEMI Solutions Segment, the Institute of Electrical and Electronics Engineers, ASTRI and The Hong Kong Polytechnic University will explore how simulations and predictions in the virtual world can enhance decision-making and productivity.

The HKTDC, the Hong Kong Electronic Industries Association and Centre for Advances in Reliability and Safety have jointly organised today’s Reliability Assurance For Electronic Systems Forum, which kicks off a series of activities.

The Hong Kong Electronic Forum, co-organised by the HKTDC, MMI Asia Pte Ltd and the Hong Kong Electronic Industries Association, scheduled on 15 October, will discuss “Innovation Unleashed: The Intersection of Microelectronics, AI, and Open-Source Ecosystems”, delving into industry trends, technological advancements and practical applications.

During the exhibitions, there will also be different events for start-ups to promote their ideas, seek investor support and learn from industry experts. These events will include start-up investment matching, the Hong Kong Value Creation for Technology: Pitching Competition, Meet the Mentors sessions and Start-up Smart Launch.

Under the EXHIBITION+ hybrid model, exhibitors and buyers can meet online through the HKTDC Click2Match smart business matching platform, in addition to attending the physical fairs.

Photo Download:https://bit.ly/4h3ovbi

Websites
– Hong Kong Electronics Fair (Autumn Edition): https://hkelectronicsfairae.hktdc.come
– lectronicAsia: http://www.electronicasia.com

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:
Hong Kong Electronics Fair (Autumn Edition)
electronicAsia
Katy Wong Tel: (852) 2584 4524 Email: katy.ky.wong@hktdc.org
Snowy Chan Tel: (852) 2584 4525 Email: snowy.sn.chan@hktdc.org

HKTDC Media Room: http://mediaroom.hktdc.com/en

About the HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

Graid Technology Inc. and KLC Group Forge Groundbreaking Partnership to Redefine High-Speed RAID and Data-at-Rest Security

As data demands surge in today’s hyper-competitive landscape, organizations are constantly seeking solutions that balance cutting-edge security with uncompromised performance. A new strategic partnership between Graid Technology, creators of SupremeRAID™, and KLC Group, innovators behind CipherDriveOne Plus, is set to redefine this balance with a first-of-its-kind solution for high-speed storage and NSA CSfC-certified Data-at-Rest (DAR) Security.

Graid Technology Inc. and KLC Group Secure Groundbreaking Partnership to Disrupt High-Speed RAID and Data-at-Rest Security

At the core of this collaboration is a novel approach to data security. Combining the National Security Agency’s (NSA) Commercial Solutions for Classified (CSfC) Data-at-Rest (DAR) Security guidelines, the joint solution integrates encryption, access controls, and authentication to deliver military-grade data protection. This breakthrough is designed to meet the critical needs of government contractors and organizations that require NSA CSfC-certified protection alongside high-performance RAID storage.

While CipherDriveOne Plus provides robust hardware-based full-disk encryption, traditional RAID solutions have presented challenges, including drive-locking mechanisms that limit the performance of CSfC-compliant NVMe SSDs or spinning disks. SupremeRAID™ by Graid Technology offers a groundbreaking alternative. As a GPU-accelerated software RAID, SupremeRAID™ eliminates the bottlenecks and limitations of hardware RAID, allowing CSfC-compliant systems like CipherDriveOne Plus to operate without compromising authentication processes or drive performance. This results in superior data protection and seamless NVMe SSD operation.

CipherDriveOne Plus, a Hardware Full Disk Encryption – Authorization Acquisition (AA) solution, is designed to meet the U.S. Government’s strict Data-at-Rest (DAR) standards. It provides key management, encryption, and authentication over OPAL 2.0 self-encrypting SSDs or HDDs, ensuring immediate data protection that is OS-agnostic and governed by FIPS-140-2 level key encryption with options for single, two-factor, or multi-factor authentication.

“We are thrilled to embark on this new journey with our esteemed partner, where innovation meets collaboration. Together, we have achieved remarkable milestones and won several government customers in a short time. There is no other solution capable of our joint technology in the market today,” said Kurt Lennartsson, CEO of KLC Group.

“By joining forces with KLC Group, we are redefining the performance and security benchmarks in high-performance computing, AI, and diverse industries reliant on data-intensive operations,” stated Leander Yu, President and CEO of Graid Technology. “The collaboration between SupremeRAID™ and CipherDriveOne Plus not only enhances performance but also ensures comprehensive data protection, scalability, and flexibility.”

To explore the advanced data protection and storage performance offered by this partnership, download the solution brief.

For more information:

Graid Technology: https://www.graidtech.com/federal-and-public-sector/
KLC Group: https://klc-group.com/
CipherDriveOne: https://www.cipherdriveone.com

About KLC Group and CipherDriveOne

KLC Group is a leading provider of cybersecurity solutions, dedicated to safeguarding organizations from evolving cyber threats. With a focus on innovation and excellence, KLC Group has consistently delivered cutting-edge security solutions tailored to meet the unique needs of its clients. Learn more: www.klc-group.com

About Graid Technology and SupremeRAID™

Graid Technology is led by a dedicated team of experts with decades of experience in the SDS, ASIC, and storage industries, and continues to push boundaries in data storage innovation by protecting NVMe-based data from the desktop to the cloud. Cutting-edge SupremeRAID™ GPU-based RAID removes the traditional RAID bottleneck to deliver maximum SSD performance without consuming CPU cycles or creating throughput bottlenecks, delivering unmatched flexibility, performance, and value. With headquarters in Silicon Valley supported by a robust R&D center in Taiwan, we are globally committed to spearheading advancements in storage solutions. For detailed product information, visit our website, or connect with us on Twitter (X) or LinkedIn.

Contact Information

Andrea Eaken
Director of Marketing, Americas & EMEA | Graid Technology
andrea.eaken@graidtech.com
949-742-9928

John C. Myung
President, KLC Group
john@klc-group.com
408-614-1414

SOURCE: Graid Technology Inc.

EV Parts and Copper Foil Maker Londian Wason to Launch New Facility in Malaysia

Electrolytic copper foil maker Londian Wason New Energy Tech Inc. (‘Londian Wason’), a global leading innovation-driven researcher, developer and manufacturer of electrolytic copper foils, signed a Memorandum of Understanding (‘MOU’) with Asas Panorama Sdn Bhd (‘APSB’), the master developer of the Malaysia-China Kuantan Industrial Park (the ‘MCKIP’) for the development of high-end copper foil project (the ‘Project’).

The signing of the MOU marks Londian Wason to expand its business to the global market. Londian Wason intends to launch the Project in MCKIP to produce different types of electrolytic copper foil used in EV batteries as well as copper clad laminates (‘CCL’).

The Malaysia-China Kuantan Industrial Park (the ‘MCKIP’) was established on June 15, 2012, pursuant to the bilateral investment cooperation between the Government of Malaysia and the Government of the People’s Republic of China.

Driven by global market demand, especially the popularization of EV and ESS (energy storage) applications, the demand for high precision electrolytic copper foil is continuously increasing. The Project is the first initiative by the Chinese copper foil maker in its global expansion strategy.

Malaysia, an important partner in the Belt and Road Initiative, boasts a robust economic and trade relationship with China and neighboring countries, offering a fertile ground for foreign investors. Bolstered by the China-ASEAN Free Trade Agreement, provides a platform for diverse policy support and opportunities. The Project’s implementation will provide valuable operational experience, accelerating Londian Wason’s international strategy to further expand into MENA, Europe and North America. This strategic move is also expected to position the company more advantageously for the burgeoning Southeast Asian EV market.

Mr. Guanran Wang, CEO of Londian Wason said the decision for Londian Wason to launch the Project is for the company to maintain its leading position in the industry, and a commitment that the company will be a trusted global partner to its customers.

Midea Group Heads For Global Expansion with its ToB Business

– and Focuses on Value Growth

According to the data from Wind, the mass consumption index has been on a continuous downward movement since May this year with the cumulative decline being over 10% during the year, and showed a fluctuating decline trend in the past three years, which is currently in an overall undervalued state, and has a comparative advantage in terms of market valuation. Well, the U.S. Federal Reserve has released the signal of an interest rate cut in September, which is expected to add some leeway in domestic monetary policy. Meanwhile, against the expected backdrop of the policy actively promoting the implementation of reforms and stable growth to boost the fundamentals, the leaders in the mass consumption industry represented by Midea Group have registered stable growth in results and made continuous dividends distribution, with enhanced returns to shareholders and outstanding investment appeal.

Being speeding up the process of its global expansion, Midea Group has currently completed its IPO in the H share stock market and become listed on the main board of the Hong Kong Stock Exchange today, achieving the milestone of “A+H” dual listing. Not long ago, Midea Group published its 2024 Interim Report, which not only recorded double-digit growth of 10% and 14% in revenue and profit attributable to parent company to RMB218.1 billion and RMB20.8 billion respectively, both of which hit record highs, but also yielded unusually brilliant results in its ToB business, and strong growth was recorded in its overseas business, which grew by 13% year-on-year and far exceeded that of its domestic business, thus realising a further upgrade of its “global impact”.

Going global to accelerate the spillover of its industrial chains and create a sample of Chinese enterprises’ global expansion

At present, the home appliance market of China has entered a mature stage, with the average per household ownership of major categories of products being close to a reasonable level, and the consumption demand being dominated by upgrading of existing products. The competitive landscape is stabilising, and the room for market share expansion is limited. In view of that, global expansion is the general trend in the industry. Midea, which has successfully transformed itself into a globalised technology group in recent years, has significant advantages in terms of scale, R&D, manufacturing, channels and marketing, and there may be a promising future for it to go global.

The value of the global home appliance industry chain is distributed in a “smile-shaped” manner, with the demands from European and American markets are mainly upgrade, while in emerging markets, there is significant room for the penetration rate to increase, the export side has therefore relatively large growth potential for Chinese enterprises. Currently, global impact is one of the core strategies for Midea Group, and the Company has taken the route of branding overseas and relocating capacity concurrently to build a second “home court” overseas, and adheres to the OBM (Own Brands) priority strategy to develop exports and shape new growth momentum.

By building a global R&D, manufacturing and sales network, Midea Group has been enabling the penetration of its brand in a multi-dimensional and all-round way, unleashing the spillover effect of the industrial chain and strengthening its globalisation development capability. Midea has set up 17 overseas R&D centers in 10 countries abroad, integrating global R&D resources and forming a global technology R&D capability with complementary advantages. The Company has established 22 overseas production bases, realising production and delivery globally, and enjoying growth opportunities in overseas markets, with its products having been exported to more than 200 countries and regions around the world, and the Company has established online and offline sales networks in many markets overseas, with about 5,000 after-sales service outlets. Its overseas OBM business, mainly Toshiba, Midea and Comfee brands, is also growing rapidly and its OBM products have demonstrated strong competitiveness in many overseas markets.

The results of the intensive efforts in overseas markets are clearly reflected in the operational data and financial performance. Benefiting from the continuous development of its overseas smart home business and the enhancement of user experience, in the first half of 2024, the smart home apps of Midea had over 1 million newly registered users overseas and 3.1 million registered users, with the average number of monthly active users increasing by nearly 150% year-on-year. At the same time, the Company insisted on digital transformation, using digital tools to empower overseas terminal retail, with more than 1,500 new digital terminal outlets. In addition, the Company also launched e-commerce business overseas to boost the development of its own brand, with e-commerce sales revenue having increased by more than 50% year-on-year in the first half of 2024.

Although facing multiple risks and challenges in its development in overseas home appliance market due to multiple factors such as macroeconomic fluctuations, drastic changes in exchange rates and persistently high inflation, Midea Group adhered to the consumer-centric product orientation, strengthened localised operation overseas, and promoted the strong growth of its overseas business against the trend, realising a revenue of RMB91.1 billion in the first half of the year, accounting for 42% of the total revenue of the Company, which made it be the second largest A-share listed company in terms of overseas revenue.

For such beautiful results, the outside world has fully saw the ability and confidence behind the global impact of the Midea Group, and in the boom of going global for Chinese enterprises, the Company has successfully created a global expansion sample of high-quality development. With the inventory level of mainstream overseas home appliance consumer markets continuing to decline, sea freight charges have gradually dropped since the second half of 2022, home appliance export sales are expected to continue with a high degree of prosperity, and the benefits of going global are evident. It is just a beginning for Midea Group to benefit from such move.

Enhancing Both Quality and Quantity of ToB Business, and Extending Growth Resilience by Diversified Layout
Midea Group’s global impact is not just quantity enhancement for going global, but also a premiumization strategy in a way to seek quantity growth in ToB business (Commercial & Industrial Solutions business). During the ToB business’ transformation, Midea Group actively cultivates new quality productive forces, steps up efforts in four major segments, and continues to promote industrial upgrading with technological innovation, endeavoring to lengthen the second growth curve that drives the Company’s continuous results growth, and to enrich the Company’s intrinsic value.

Regarding the Energy Solutions & Industrial Technology segments, Midea emphasises on growth and creation and continues to expand its business boundaries and achieve accelerated growth. In the first half of 2024, Midea filed more than 680 new patent applications, was granted more than 2,700 patents for inventions, and was awarded one Gold Prize and two Merit Prizes for the Tenth Guangdong Provincial Patent Award, as well as one Silver Prize for the Tenth Anhui Provincial Patent Award. Its R&D achievements have won numerous awards in the industry, and the “High Torque Density and Low Torque Ripple Direct Drive Permanent Magnetic Motor” technology led by Midea, which can provide smaller and quieter motor solutions for air-conditioning products, has been recognised as internationally leading level.

Regarding the Intelligent Building Technology segment, Midea has six major product manufacturing bases and seven research and development centers around the world, with a sales network covering the global market, and has formed the largest professional intelligent building product matrix and service network with a complete range of products in China. According to online industrial data, in the first half of 2024, Midea continued to rank first in the industry in terms of sales scale in the domestic central air-conditioning market, and topped the list in the industry in terms of market share for core products such as unit air conditioner and module air conditioner, with a market share of approximately 36% and 13% respectively, and was among the top in the industry in the domestic multi-connected market.

Regarding the Robotics & Automation segment, according to MIR statistics, in the first half of 2024, KUKA China’s orders in the consumer electronics industry increased significantly, and the domestic market share of KUKA’s industrial robots further increased to around 7.8%. As China’s manufacturing industry accelerates its overseas expansion, KUKA China has made full use of its overseas channel network and market access advantages to boost its overseas market development with locally developed robotic products in China, and its orders from overseas market in the first half of the year also increased significantly year-on-year, with its mobile robotics business accounting for close to 50% of its overseas revenue.

Supported by its technology leadership, the ToB business of Midea Group is making rapid progress, enabling Midea Group’s growth resilience to be more explosive. In the first half of 2024, the Company’s revenue from Energy Solutions & Industrial Technology amounted to RMB17.1 billion, representing a year-on-year increase of 26%; revenue from Intelligent Building Technology amounted to RMB15.7 billion, representing a year-on-year increase of 6%; and revenue from Robotics & Automation amounted to RMB13.9 billion. On the basis of the solid leading position of its ToC (Smart Home Solutions) business, the balanced development of ToC and ToB will gradually optimise the Company’s business structure through cyclical complementarities in multiple industries, and drive the overall profitability of Midea Group to continue to improve.

Focusing on comprehensive intelligentization and digitalization, its in-depth layout and effective execution in the international market and ToB business have pushed Midea Group to make achievements in both “going global and diversification”, and with its firm strategies, the Company is striding forward towards becoming a global B-end enterprise. Its listing on the Hong Kong Stock Exchange will also help the Company to further enhance its international image and open up broader space for its expanding in overseas markets and enhancing its overall competitiveness, thus enabling its market scarcity attributes and investment value to be ready to unleash.

Midea Group Accelerates Global Expansion

– with a Commitment to Sustainable Development and Continuous Breakthroughs in Overseas Businesses

On August 19, Midea Group, a leading global enterprise in home appliances and smart manufacturing, released its interim results report for 2024. The report indicates that the Company achieved a total revenue of RMB218.1 billion, representing a year-on-year increase of 10%. Net profit attributable to shareholders of the listed company reached RMB20.8 billion, representing a year-on-year increase of 14%. Both revenue and net profit saw double-digit growth, further solidifying the Company’s leading role in the industry.

Highly Emphasizing ESG and Establishing a Strong Global Business Profile
In the first half of 2024, Midea Group has centered its core values around advanced ESG principles, continually making deep efforts in areas of environment, society and corporate governance, setting a benchmark for the sustainable development in the industry. The data reveals that the Company has planned and implemented 1,415 energy-saving and carbon-reduction projects in the first half of the year, with anticipated annual profits reaching RMB170 million, demonstrating the Company’s firm commitment to green transformation and outstanding achievements.

In terms of social responsibility, Midea Group has made generous contributions, including RMB1 million to No. 2 Middle School in Dongfeng Town, Zhongshan City, to support educational infrastructure, and RMB400,000 to Dandelion School-Beijing, to support the development of education and improve the lives of teachers and students, demonstrating the Company’s deep commitment to social welfare and promoting educational equity.

With its outstanding contributions in the ESG field, Midea Group was listed on the “Fortune 2023 China ESG Impact List” and honored with the “Forbes China’s ESG Inspirational Case for 2023” award, which further consolidates its leadership in the ESG and establishes its image as a responsible and committed enterprise in the global market.

Strengthening Investment in Science and Technology to Significant Improve the Overall Competitiveness
While implementing the ESG concept, Midea Group takes innovation as its core strategy and continues to increase its investment in research and development (R&D), leading the new trend of technological advancement and product innovation. In the first half of 2024, the Company’s investment in R&D amounted to RMB7.66 billion, representing a year-on-year increase of 15.91%. More than 5,000 new patents have been licensed and the number of patents held is the eighth largest in the world. These dazzling achievements are not only the crystallization of the Company’s technological innovation, but also a powerful demonstration of the commitment to technological leadership and the pursuit of excellence. Through in-depth R&D, the Company is accelerating the iteration and innovation in the field of smart home, bringing consumers a more intelligent, convenient and comfortable living experience, and is expected to make a huge difference in the field of smart home in the future.

Accelerating Overseas Business Development and Continuing to Deepen Globalization Strategy
Midea Group continues to deepen and expand its global business layout, accelerating the breakthrough of its global operations. Data shows that in the first half of 2024, Midea’s overseas OBM business revenue accounted for nearly half of the revenue from its overseas Smart Home Solutions, with over 40% market share highlighting its strong brand influence and market competitiveness.

It is particularly noteworthy that Midea Group’s overseas e-commerce business under its own brand has experienced explosive growth. In the first half of 2024, e-commerce sales revenue increased by over 50% year-on-year. Many star products topped Amazon’s best-seller lists, successfully winning the hearts of consumers in multiple countries.

On its path to globalization, Midea Group is well aware of the importance of “R&D first” and has accelerated the construction and scale expansion of overseas R&D centers , with 17 R&D centers established in 10 countries around the world, building a global network with complementary advantages.

At the same time, the Company places great emphasis on talent development, actively promoting a “Diversity, Equity and Inclusion” (DEI) corporate culture. It is intensifying efforts to attract and cultivate local talent teams in its overseas markets. By integrating the strengths of local and international talents, the Company continually optimizes its talent structure, providing solid support for the sustainable and healthy development of its overseas business.

In terms of manufacturing presence, Midea Group has also demonstrated strong foresight and execution capabilities. Currently, the Group’s manufacturing is primarily carried out in 43 major manufacturing bases worldwide, including 22 overseas bases, enabling it to produce and deliver globally in a seamless manner. Also, the Company also actively promoted the smooth production of four national manufacturing bases and the construction of new factories at four production bases, further enhancing the global supply chain system, boosting brand influence and increasing market competitiveness to achieve long-term global strategic goals.

Overall, in the first half of 2024, through continuous investment in innovation, global market expansion, effective brand building and active ESG practices, Midea Group has achieved a series of impressive results, winning the trust and favor of consumers worldwide. In the future, the Company will continue to drive innovation, deepen digital transformation, improve operational efficiency, and collaborate with global partners, focusing on users and constantly exploring smart home and smart manufacturing to create a better living experience for consumers around the world.

Fenbo Holdings Limited Plans to Raise $5 Million Via New Share Sale

Fenbo Holdings Limited, an established original equipment manufacturer (OEM) that produces electrical hair styling products under the “Remington” brand, seeks to raise as much as $5 million by selling new shares via a follow-on deal after its initial public offering late last year, according to a company filing in August.

Fenbo intends to use approximately 20% of the net proceeds to bolster its research efforts on developing new products; approximately 40% of the net proceeds to develop its own branded products; approximately 30% to form an expanded sales team for marketing its own branded products; and approximately 10% for general working capital, according to the filing.

Headquartered in Hong Kong, Fenbo represents over 30 years of experience producing personal care electric appliances (principally electrical hair styling products) and toys products to overseas markets. The company, since 2006 also has been served as an OEM and ODM for Spectrum Brands, a global home essential company, and its sole customer, producing electrical hair styling products, under the “Remington” brand which Spectrum Brands has the right of the use of, and which are currently sold to Europe, United States and Latin America, according to its website.

About Fenbo Industries Ltd.
Fenbo Industries Ltd. is a Hong Kong based company with over 30 years of experience in producing exceptional household electric appliances and toys products. We specialize in producing a large variety of final goods, which we supply to many department stores and leading companies worldwide. We also provide in OEM and ODM projects and total solutions for our worldwide clients.For more information, visit https://www.fenbo.com/landing.htm.