Evolution Wellness Solutions Launches Cloud-Based Membership Management System, Circuit(TM)

– Seamless, end-to-end, feature-rich membership management system packs a powerful punch
– Built by the gym industry for the gym industry, Circuit(TM) is the superior choice for gym operators of all shapes and sizes

Evolution Wellness Solutions (EWS) today launched its cloud-based membership management system, Circuit(TM), to the global marketplace, now giving gym operators access to a world class solution to support their operations. Circuit(TM) is owned and managed by EWS, part of the Asia based Evolution Wellness Group (Evolution Wellness), the owner and operator of Asia’s largest wholly-owned network of fitness clubs, including Celebrity Fitness and Fitness First.

“Circuit(TM) was born from within the Fitness First gym environment and refined over two decades. Then known as MembersFirst, it was the backbone of the Fitness First Group’s global operations, supporting the operations of more than 400 Fitness First clubs in 23 countries across Europe, Asia, Australia and the Middle East at its peak, all with highly localised functionality facilitating member check-ins, to billing, and personal trainer bookings,” said Evolution Wellness Group CEO Simon Flint. “We acquired the intellectual property for MembersFirst in 2018, and set about building upon the solid fundamentals to bring it up to a feature-rich, best in class, cloud-based solution, and rebranded it to Circuit(TM) in 2020.”

EWS CEO Michelle Ripley, who has been involved in the development of Circuit(TM) since its early MembersFirst days, said, “With its rich history and pedigree serving one of the largest gym chains in the world, we are confident that Circuit(TM) is the superior choice for gym operators of all shapes and sizes, having evolved alongside the fitness industry throughout this time and in tandem with the increasingly sophisticated and technologically-savvy gym customers. It’s a seamless end-to-end solution built around ‘real world’ membership journeys which address the inefficiencies and shortfalls of many of today’s software alternatives.”

From membership administration and POS, to flexible billing cycles, reporting and analytics, to corporate account management, Circuit(TM) empowers gym owners with data and insights not only for better decision-making especially around optimising secondary spend, but also towards enhancing the member experience. Circuit(TM) is modular and highly customisable making it easy to integrate with other third party systems including payment processors; it’s ideal for multi-brand, multi-site operations. The unique Circuit(TM) Group Fitness and Personal Training management modules drives gym operator efficiencies in the management of classes, revenue, staff performance and productivity, thus avoiding the overhead of managing and consolidating data across disparate systems.

Circuit(TM) is also available with an integrated mobile app solution, which supports existing member engagement through features such as gamification, and social integration, and acts as an enabler to opening up and addressing a wider non-member audience such as through the pay-as-you-go functionality to retain them into the ecosystem improving revenue and acquisition opportunity. The mobile app is adaptable and flexible, with one such recent example being allowing time slot bookings with controlled capacity for gym access, whether for group fitness classes or access to the cardio, weights, and freestyle areas, thus ensuring safe social distancing and meeting contact tracing requirements.

“In essence, Circuit(TM) is a solution that’s built by the gym industry for the gym industry,” said Ripley. “Being so closely linked to the gym industry means that we get a unique front-row seat to witness the challenges facing full service, multi-site operators as well as boutique gyms today across various markets and customer archetypes.”

Today, Circuit(TM) supports Evolution Wellness’s operations in Asia, underpinning close to 1.5 billion member transactions annually. Its geographically-dispersed technical team across three continents allows for 24/7 customer and tech support, while its attractive commercial terms and robust onboarding process offer a seamless transition.

For enquiries or more information about Circuit(TM), please visit https://bit.ly/circuithq.

About Circuit(TM)

Circuit was built by the gym industry, FOR the gym industry. Born in a gym environment and refined over 20 years, it offers seamless end-to-end membership management solutions, and is the superior choice for gym operators of all shapes and sizes. From membership administration and POS, to flexible billing cycles, finance reporting, reporting and analytics, to corporate account management, Circuit(TM) empowers gym owners with data and insights for greater, more informed decision making, and towards enhancing the member experience.

About Evolution Wellness

Evolution Wellness is the owner and operator of Asia’s largest wholly-owned network of fitness clubs. Established in 2017 following the coming together of two leading fitness brands in Southeast Asia – Celebrity Fitness and Fitness First – we’re on a journey of growth ‘from fitness to wellness.’

Our vision is to build a comprehensive wellness ecosystem for our members and customers, and providing a compelling range of propositions to help them become the best versions of themselves. With a network of more than 170 properties across six countries, we’re focused on leveraging the strength of our brands, and continuing to grow our business through continuous innovation, expansion, diversification, with robust strategic governance.

For more information about Evolution Wellness and our portfolio brands, please visit www.evolutionwellness.com.

TraceSafe Appoints Marcin Samiec as Chief Privacy Officer

TraceSafe Inc. (“Tracesafe”) (CSE:TSF) a global leader in wearable safety tech including contact tracing and self-quarantine management, today announced that it has appointed Marcin Samiec as Chief Privacy Officer and VP of Technology of TraceSafe Technologies Inc.

Samiec is a leading authority in technology and privacy law compliance, with significant experience implementing Privacy and Security by Design into the product development process and business operations while harmonizing the complexities of privacy laws and regulations around the world.

In 2020, TraceSafe has already secured customers or pilot projects in 7 countries and is actively working to expand, and is in discussions with, a number of additional markets crossing a multitude of regional privacy jurisdictions including those governed by GDPR, CCPA, and PIPEDA. With customers stemming from government agencies and institutional organizations such as healthcare and universities, there is an expectation that TraceSafe will be operating at the highest privacy standards in the industry.

The appointment of Marcin Samiec confirms TraceSafe’s strategic ambitions and continuing on a trajectory as a world-leading wearable safety tech company by proactively developing comprehensive data guidelines and privacy preserving technologies that promote health and safety. Its solutions can be integrated into other wearables and sensor-based devices to advance health and safety, while enabling businesses, governments, institutions, and venues to move toward a new state of normalcy.

Executive Quote

“We view our privacy-first approach as a key strategic advantage to make sure we are ahead of our competitors and believe having a privacy expert as a core part of our product team will lead to an acceleration of growth,” said Dennis Kwan, CEO of Tracesafe Technologies Inc. “We are committed to the privacy of all of our users and Marcin will help ensure that our privacy-first DNA is imprinted into all of our product designs.”

“I’m thrilled to join the Product team at TraceSafe leading the implementation of Privacy and Security by Design. As a privacy advocate, my role will be to ensure that the individuals that use our solutions experience the highest standard in privacy and security,” said Samiec.

About TraceSafe

TraceSafe is a full suite of real-time location management services and contact tracing solutions enabled through advanced low power bluetooth beacons and enterprise cloud management. TraceSafe’s leading cloud management solution ensures both user privacy and comprehensive administrative control. TraceSafe’s patented contact tracing bracelet has already been deployed in mission critical quarantine applications around the world in partnership with leading governments. In addition to their government work, TraceSafe is developing leading edge solutions for Enterprise, Healthcare, and large-scale venue management.

For further information, please contact:

Wayne Lloyd, CEO
+1 604 629-9975
wayne@tracesafe.io

Alan Tam, CFO
+1 604 377-7575
alantamca@gmail.com

John Costigan
+1 604 620-8589
jcostigan@ecmbcapital.com

The Canadian Securities Exchange has in no way approved or disapproved the contents of this news release.

Statements in this news release may contain forward-looking statements that are based on Tracesafe’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to expectations regarding the TRACEsafe assets, future business plans and relationships, future developments in respect of COVID-19 and solutions adopted in response to the virus, the deployment of the Tracesafe technology at additional Boustead sites and the execution of a definitive agreement. Although Tracesafe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict, including the suitability of our products to help businesses and governments reopen, competition, the spread or containment of COVID-19 and government responses thereto and general economic and market conditions. Therefore, outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and Tracesafe undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law.

SOURCE: TraceSafe Inc.

Infomina Sdn Bhd Triumphs as ‘Best New Partner’ in Software AG APJ Partner Awards

Business infrastructure software vendor Software AG honoured Infomina Sdn Bhd as ‘Best New Partner’ at its 2020 Asia Pacific Japan Partner Awards. In 2019, Infomina partnered with Software AG to drive the successful implementation of webMethods, an integration and API management solution, which combines essential capabilities critical for digital businesses.

According to Ernst and Young, Asia Pacific is foreseen to become the most advanced region for digital transformation in two years, with 87% of Asia Pacific companies expected to advance on their transformation journeys, given the region’s commitment to innovation, investment in technology including artificial intelligence and cloud, and a customer-centric focus.

At the heart of accelerating digital transformation for clients, webMethods is teeming with new and state-of-the-art capabilities. The focus is to help organisations overcome obstacles around modernisation, strategically positioning the business for future hardwire growth across Asia.

Established over a decade ago, Infomina provides consultation, application development, system and infrastructure support, as well as managed services to webMethods clients. Armed with a credible and robust go-to-market strategy, ably supported by a skilful team, Infomina helps clients build competitive advantage by guiding them to make sound and informed decisions in their digital transformation journey.

Mr Yee Chee Meng, Managing Director, Infomina said, “At Infomina, we strive to deliver leading-edge technology solutions to our customers that provide the most impactful business value. Beyond establishing a strong footprint in Malaysia as a starting point in our collaboration with Software AG, we are excited to expand and grow this partnership across Asia.”

The first collaborative effort between Software AG and Infomina resulted in a successful win for both parties in less than five months of engaging in an opportunity for a local automotive client. The element of trust and combined subject matter expertise strongly created and swiftly accelerated the deal to closure.

Mr Yee continued, “The team is thrilled to win this award. Infomina’s quest in this partnership is to develop and grow local talent to deliver the best-of-breed software technology and service support team to customers.”

Amidst the sea of integration solution providers today, Software AG and Infomina both take pride in understanding different market dynamics and clients’ needs to propose a value-added solution that aligns with business demands. Coupled with Infomina’s strong relationships with key customers, this partnership will entail high quality delivery in the identified market.

“A proven track record of successful use cases and customer satisfaction, Infomina has demonstrated a strong understanding and sound business acumen in the identified market segment, and is a trusted advisor to influence both business and IT stakeholders. This is a strategic and win-win partnership between Infomina and Software AG to penetrate, grow and expand market share,” said Anneliese Schulz, President, APJ, Software AG.

About Software AG
We reimagine integration, spark business transformation and enable fast innovation on the Internet of Things so you can pioneer differentiating business models. We give you the freedom to connect and integrate any technology – from app to edge. We help you free data from silos so it’s shareable, usable and powerful – enabling you to make the best decisions and unlock entirely new possibilities for growth. Learn more about Software AG and Freedom as a Service at www.softwareag.com.

About Infomina
Established in 2007, Infomina is a leading ICT solution provider, our focus encompasses the Six pillars of core enabler: Build, Manage, Accelerate, Secure, Support and Mainframe Specialization. With over 10 years of industry experience, we strive to deliver the leading technology solution for our customers and provide the most impactful business value. Learn more at infomina.com.my.

UNISOC 4G Watch Platform W307 Is Newly Upgraded

UNISOC, the world’s leading supplier of core chips for mobile communications and the Internet of Things, launched its new smartwatch platform UNISOC W307. Based on ultra-low-power architecture design, it adopts the high-precision positioning scheme and highly integrated 4G full-network, which will bring users a richer intelligent experience.

The W307 is made using TSMC’s 28nm HPC+, with a chip integrated with CPU, memory, 4G multi-mode modem, Bluetooth, Wi-Fi, GNSS, and image system. W307 package area is smaller than the previous generation UNISOC 8521E, which brings more freedom for the design of terminal products. W307 significantly optimizes performance, connectivity, intelligence, and power consumption. Highlights of the platform include:

– High integration: W307 SoC adopts a single-core A53 processor, and the packaging area is reduced by 30% compared with the previous generation, which greatly saves the PCB layout area and can be used as a single-side ornament.

– Light system and low power consumption: W307 adopts RTOS lightweight system and has a smooth and responsive user experience. The overall power consumption is more than 30% lower than the previous generation, which can bring more lasting performance for smartwatches.

– HD video calling: The W307 adopts UNISOC’s reliable, globally certified second-generation 4G LTE multi-mode modem. It supports LTE Cat-4, WCDMA, and GSM communication standards, providing 4G + Wi-Fi HD video calling.

– Sub-meter high precision positioning: Combined with the AI multiple positioning technologies and high-precision positioning SDK of UNISOC, W307 can support sub-meter high precision positioning, and provide a strong technical foundation for the electronic fence and other application scenarios. It meets the needs of parents to obtain accurate positions of children.

– Rich applications: W307 can be adapted to a variety of RTOS applications. It supports the nine-axis sensor and popular voice assistant, voice micro chat, pedometer, and other applications, which provides the rich and interesting interactive and entertainment experience for children.

As the demand for the watch market shifts from 2G to 4G and continues to grow rapidly, UNISOC takes a leading position in the field of 4G children’s watches by its innovative advantages and has established long-term cooperation with the mainstream smartwatch brands in the industry. The release of platform UNISOC W307 further enriched the platform portfolio for smartwatches.

Media Contact:
UNISOC Technologies Co., Ltd
Miranda Wu – UNISOC PR Team
E-mail: mengran.wu@unisoc.com
Website: http://www.unisoc.com

Bega Cheese selects Software AG to provide IoT dairy supply chain solution

Software AG today announced it has been selected by Bega Cheese to provide its Cumulocity IoT solution to Bega Cheese to launch a new IoT service linking the company’s farmer suppliers, milk transport and storage, and processing facilities.

The deal will see Software AG providing Bega Cheese with IoT solutions to provide real time data on milk production at farmer suppliers including volumes, temperature, quality composition, and transport conditions, to gain efficiencies in pickup and delivery frequency to reduce costs and improve traceability.

According to Adel Salman, GM Supply Chain at Bega Cheese, the company knew that IoT could be an excellent solution, especially with the use of real-time data for both inbound and outbound activities in the company’s supply chain.

“What we didn’t have was experience in setting up IoT projects, so we started looking around for a partner that could provide us with IoT expertise, resources, industry contacts and help with government backing,” said Salman.

“Swinburne University of Technology with its Internet of Things Lab and Industry 4.0 initiatives as well as its research partnership with Software AG was the perfect collaborator for us. Swinburne University listened to what we needed to achieve and together with Software AG, developed an IoT strategy with a set of solutions that met our needs. The university has also been instrumental in helping us to successfully apply for a research grant from the federal government’s Cooperative Research Centres Projects (CRC-P),” added Salman.

Tony Drewitt, Head of IoT ANZ, Software AG, said: “We’re excited to have this opportunity to work with Bega Cheese, one of Australia’s largest dairy producers. The work Bega Cheese is doing in the milk supply chain area is revolutionary. With Cumulocity, Bega Cheese will have real-time data and insights which will allow it to enhance its supply chain productivity and competitiveness with just-in-time milk pickup and processing requirements on a large scale.”

The scope of the project will include:
– a novel low-cost milk quality sensor enabled for IoT
– an IoT ‘live’ Supply Chain Monitoring system for continuous real-time monitoring of milk supply quantity and quality, farm conditions (i.e. humidity and temperature) affecting milk production, and milk pickup events across the supply chain
– a Dynamic Pickup Scheduling and Monitoring tool that utilises sensor data reporting milk supply change events to automatically maintain optimal pickup schedules, and pickup events to monitor schedule and process adherence
– a predictive machine learning-based Highly Accurate Forecasting tool for milk quality and quantity that exploits live and long-term historical data from sensors across the supply chain
– a Farmer App that provides milk forecasting together with milk quality and pickup alerts

Swinburne University will also develop and build unique new IoT sensors specifically for Bega Cheese.

“We’re excited to see the benefits that IoT can bring to our company. By working with Swinburne University and Software AG, we hope to be able to increase our growth across higher-value premium products thus enhancing the competitiveness for both Bega and our suppliers,” said Salman.

“We also aim to increase the company’s supply chain sustainability by reducing milk wastage and fuel consumption of our milk transport partners.”

The project is expected to run for a period of 12 to 18 months.

About Software AG

Software AG reimagines integration, sparks business transformation and enables fast innovation on the Internet of Things so you can pioneer differentiating business models. We give you the freedom to connect and integrate any technology from app to edge. We help you free data from silos so it’s shareable, usable and powerful – enabling you to make the best decisions and unlock entirely new possibilities for growth. Visit our site to learn more Software AG’s Cumulocity IoT and webMethods Integration Platform solutions. Learn more about Software AG at www.softwareag.com. Follow us on LinkedIn and Twitter.

About Bega Cheese

Bega Cheese is an Australian diversified food company and one of the largest dairy producers in the country. It was originally founded as a dairy cooperative in 1899 with a number of its shares still held by Bega’s farmer-suppliers. Headquartered in Bega, and with manufacturing sites in New South Wales, Queensland and Victoria, over half of Bega Cheese’s revenue (as of 2019) comes from its spreads, dairy consumer packaged goods and other grocery products.

Media Contact
Michelle Bong
PRecious Communications
M: +61 422 966 013
E: michelle@preciouscomms.com

Bega Cheese selects Software AG to provide IoT dairy supply chain solution

Software AG today announced it has been selected by Bega Cheese to provide its Cumulocity IoT solution to Bega Cheese to launch a new IoT service linking the company’s farmer suppliers, milk transport and storage, and processing facilities.

The deal will see Software AG providing Bega Cheese with IoT solutions to provide real time data on milk production at farmer suppliers including volumes, temperature, quality composition, and transport conditions, to gain efficiencies in pickup and delivery frequency to reduce costs and improve traceability.

According to Adel Salman, GM Supply Chain at Bega Cheese, the company knew that IoT could be an excellent solution, especially with the use of real-time data for both inbound and outbound activities in the company’s supply chain.

“What we didn’t have was experience in setting up IoT projects, so we started looking around for a partner that could provide us with IoT expertise, resources, industry contacts and help with government backing,” said Salman.

“Swinburne University of Technology with its Internet of Things Lab and Industry 4.0 initiatives as well as its research partnership with Software AG was the perfect collaborator for us. Swinburne University listened to what we needed to achieve and together with Software AG, developed an IoT strategy with a set of solutions that met our needs. The university has also been instrumental in helping us to successfully apply for a research grant from the federal government’s Cooperative Research Centres Projects (CRC-P),” added Salman.

Tony Drewitt, Head of IoT ANZ, Software AG, said: “We’re excited to have this opportunity to work with Bega Cheese, one of Australia’s largest dairy producers. The work Bega Cheese is doing in the milk supply chain area is revolutionary. With Cumulocity, Bega Cheese will have real-time data and insights which will allow it to enhance its supply chain productivity and competitiveness with just-in-time milk pickup and processing requirements on a large scale.”

The scope of the project will include:
– a novel low-cost milk quality sensor enabled for IoT
– an IoT ‘live’ Supply Chain Monitoring system for continuous real-time monitoring of milk supply quantity and quality, farm conditions (i.e. humidity and temperature) affecting milk production, and milk pickup events across the supply chain
– a Dynamic Pickup Scheduling and Monitoring tool that utilises sensor data reporting milk supply change events to automatically maintain optimal pickup schedules, and pickup events to monitor schedule and process adherence
– a predictive machine learning-based Highly Accurate Forecasting tool for milk quality and quantity that exploits live and long-term historical data from sensors across the supply chain
– a Farmer App that provides milk forecasting together with milk quality and pickup alerts

Swinburne University will also develop and build unique new IoT sensors specifically for Bega Cheese.

“We’re excited to see the benefits that IoT can bring to our company. By working with Swinburne University and Software AG, we hope to be able to increase our growth across higher-value premium products thus enhancing the competitiveness for both Bega and our suppliers,” said Salman.

“We also aim to increase the company’s supply chain sustainability by reducing milk wastage and fuel consumption of our milk transport partners.”

The project is expected to run for a period of 12 to 18 months.

About Software AG

Software AG reimagines integration, sparks business transformation and enables fast innovation on the Internet of Things so you can pioneer differentiating business models. We give you the freedom to connect and integrate any technology from app to edge. We help you free data from silos so it’s shareable, usable and powerful – enabling you to make the best decisions and unlock entirely new possibilities for growth. Visit our site to learn more Software AG’s Cumulocity IoT and webMethods Integration Platform solutions. Learn more about Software AG at www.softwareag.com. Follow us on LinkedIn and Twitter.

About Bega Cheese

Bega Cheese is an Australian diversified food company and one of the largest dairy producers in the country. It was originally founded as a dairy cooperative in 1899 with a number of its shares still held by Bega’s farmer-suppliers. Headquartered in Bega, and with manufacturing sites in New South Wales, Queensland and Victoria, over half of Bega Cheese’s revenue (as of 2019) comes from its spreads, dairy consumer packaged goods and other grocery products.

Media Contact
Michelle Bong
PRecious Communications
M: +61 422 966 013
E: michelle@preciouscomms.com

Suprema Intelligent Access Control Solutions Help Maintain Employee and Business Wellness

SEOUL, KOREA, July 7, 2020 – (ACN Newswire) – Suprema, a leading global provider of access control, time & attendance and biometric solutions, recognized the trend towards contactless, biometric and mobile credentialing long before the onset of the COVID-19 pandemic. The company’s premier biometrics solution, FaceStation 2 Smart Face Recognition Terminal, employs intelligent facial recognition ensuring highly accurate personal identification and authentication for improved overall security with contactless operation. Mobile Access, Suprema’s contactless credentialing solution, eliminates the need for costly access cards and proximity devices by utilizing iOS and Android smartphones as a secure personal access credential.

“Suprema has been pioneering contactless access control solutions long before the COVID-19 pandemic and heightened market demand for safer and more secure access control solutions,” said Young S. Moon, CEO of Suprema Inc. “Our FaceStation 2 Smart Face Recognition Terminal and Mobile Access contactless solutions seamlessly integrate with our BioStar integrated security platform to deliver comprehensive functionality for the most demanding security and workforce management applications.”

Suprema FaceStation 2 Smart Face Recognition Terminal delivers outstanding performance including: up to 3,000 matches per second; a memory capacity capable of accommodating up to 30,000 users, 50,000 image logs and 5 million text logs; live face detection with IR-based fake face blocking (anti-spoofing) technology; and multi-band RF reading technology to support the latest RFID standards for multi-modal credentialing when required. The ergonomically designed and highly aesthetic device features an Android-based intuitive touchscreen LCD providing ease of use that requires little to no training for both users and system administrators.

Suprema Mobile Access turns virtually any iOS or Android smartphone into a highly secure contactless access credentialing device, eliminating the cost associated with issuing access cards and proximity devices. FaceStation 2 will soon become compatible with Suprema Mobile Access, providing a seamlessly convenient and fast operation. Users can simply tap their smartphone on an RFID reader to gain access from distances within 10cm without the need to wake the host smartphone.

About Suprema

Suprema is a leading global provider of access control, time & attendance and biometrics solutions. By combining world renowned biometric algorithms with superior engineering, Suprema has introduced innovations to the security industry over the last decades. Suprema’s extensive range of portfolio includes biometric access control systems, time & attendance solutions, fingerprint live scanners, mobile authentication solutions and embedded fingerprint modules. Suprema is named the world’s top 50 security manufacturers and has worldwide sales network in over 140 countries with no.1 market share in biometric access control in EMEA region. For more information on Suprema, visit www.supremainc.com, or email sales_sys@supremainc.com

Contact:

Sunkyo Lee

Assistant Manager of Marketing, Suprema Inc.

Email: pr@suprema.co.kr

WIMI Hologram Cloud setting up Joint Venture to develop Semiconductor Business

WIMI Hologram Cloud Inc. (‘WIMI’ or the ‘Company’) (NASDAQ:WIMI) today announced that its wholly-owned Hong Kong subsidiary WiMi Hologram Cloud Limited (‘WiMi Hong Kong’) is setting up a joint venture to develop semiconductor business.

The Company believes that the application demand of holographic 3D vision in the semiconductor sector is growing rapidly, representing huge market potential. The establishment of the joint venture is conducive to the expansion of the semiconductor sector and the rapid integration of market resources. Furthermore, it will facilitate the Company’s strategies of extending the holographic 3D vision software from the application layer to the chip field and combining software and hardware through the holographic 3D vision software solution, namely, the strategic derivative upgrade to the semiconductor sector. The Company has accumulated technological capabilities in the field of holographic 3D visual software technology, with hundreds of related patents and software copyrights. In the future, the Company plans to develop semiconductor business through integrating with IC design companies with core technology advantage, or through establishing research and development joint venture with chip factory to implement the supply chain upstream of the semiconductor research and development design, technical service and marketing strategies.

In addition to facilitating the rapid growth of the Company’s performance, the Company believes that integration with high-quality semiconductor assets or cooperation with chip companies with strong technology will greatly enhance the Company’s competitiveness and consolidate the Company’s position in the industry of holographic 3D vision software application, thus supporting the its sustained growth in the medium and long term. At present, many technology companies, such as Qualcomm, Mediatek, Nvidia and other companies, have explored opportunities in artificial intelligence, 5G technology, the Internet of things, and other ecological systems. The market demand for upstream suppliers is no longer limited to simple electronic components or products supply. The market has put forward higher requirements of the suppliers’ technical service ability, as well as their ability to provide comprehensive solutions and one-stop value-added services. With the increasing demand for holographic 3D vision-related semiconductor application solutions, the Company plans to combine holographic 3D vision application demand scene to provide corresponding semiconductor solutions to meet the market demand, and promote the application and popularization of holographic 3D vision technology in the semiconductor sector.

WiMi plans to invest in the semiconductor sector, acquire semiconductor-related assets and cooperate with chip factory in the future, so as to enhance the Company’s technical service capability and retain current customers. At the same time, based on higher value-added technology, the Company will continue to improve its revenue capacity. In the next three years, the Company expects that the joint venture will develop relevant operations in the semiconductor sector, and WiMi is expected to embrace a new development.

About WIMI Hologram Cloud Inc.

WiMi Hologram Cloud, Inc.(NASDAQ:WIMI), whose commercial operations began in 2015, operates an integrated holographic AR application platform in China and has built a comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. Its extensive portfolio includes 4,654 AR holographic contents. The company has also achieved a speed of image processing that is 80 percent faster than the industry average. While most peer companies may identify and capture 40 to 50 blocks of image data within a specific space unit, WiMi collects 500 to 550 data blocks.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws. For more information, please visit http://en.wimiar.com/news/.

Company: WIMI
Name: Tim Wong
E-mail: pr@wimiar.com
Tele: +86 10 89913328

Singapore’s Leading B2B Tech Event Stack Rescheduled to 2021

SINGAPORE, July 2, 2020 – (ACN Newswire) – To ensure a safe exhibition experience for all visitors, speakers, exhibitors, partners, and staff amid the latest developments of the coronavirus (COVID-19) situation, the organizer of Cloud Expo Asia and its collocating events – CloserStill Media Asia, today announced the rescheduling of its Singapore tech events to 20th – 21st October 2021.

Originally planned to be held this October at Marina Bay Sands, the event stack was expected to see over 21,000 professionals in attendance, 400+ leading technology providers showcase their latest solutions, and 600+ expert speakers congregate to share the latest technological advancements and ideas.

The organiser’s final decision of postponement was made after extensive consultation with government authorities and stakeholders, with the primary objective to safeguard the health and wellbeing of exhibitors and attendees.

With regards to the postponement, Managing Director, Andy Kiwanuka said, “Our stakeholders have come to expect an excellent experience at the business event each year, and we are committed to delivering on that expectation while ensuring everyone’s safety. Thus, rescheduling the events is the only responsible course of action at this point. We appreciate everyone’s support and understanding throughout this challenging time, and remain excited to bring to you Cloud Expo Asia and the co-located events in 2021.”

Separately, as part of CloserStill Media’s continued community engagement in Singapore, the organiser will host various “Thought Leadership Series” events incorporating virtual executive fireside chats, high-level digital round tables, targeted content-led marketing, as well as sector-specific mini tech events (physical and virtual) in early 2021.

CloserStill Media’s next Technology event in Asia will be the return of Cloud Expo Asia, Hong Kong on the 23rd – 24th September 2020. Celebrating its 5th anniversary as the leading Tech industry event in the region, this edition will be the first hybrid version of the event (physical and virtual).

The organiser will closely monitor the coronavirus situation in collaboration with the government, health authorities and venues, to ensure a high level of hygiene and safety at the world-class events in September 2020 and October 2021. The team will be in touch with all confirmed exhibitors, speakers and partners to discuss their participation at the rescheduled events.

For urgent assistance, please email ceamarketing@closerstillmedia.com.

For more information on Cloud Expo Asia, Singapore and the co-located events, visit www.cloudexpoasia.com

Updates about the events will be shared on the following social media pages:

LinkedIn: www.linkedin.com/company/cloudexpoasia/
Facebook: www.facebook.com/CloudExpoAsia
Instagram: www.instagram.com/singaporetechshows/

For media enquiries, kindly contact Nic-cole Chia at n.chia@closerstillmedia.com.

About CloserStill Media

CloserStill Media specializes in international professional events chiefly in the technology markets, across five global territories. Its portfolio includes some of the UK’s fastest-growing and award-winning events including Cloud Expo Europe and Data Centre World. Having delivered unparalleled quality and relevant audiences for all its exhibitions, CloserStill Media has been repeatedly recognized as a leading innovator with its teams and international events winning multiple awards in Europe and Asia including Best Marketing Manager – four times in succession – Best Trade Exhibition, Best Launch Exhibition, and Rising Star – two years in succession – among others.

For more information, visit www.closerstillmedia.com.

Sino-Entertainment Technology Holdings Limited Announces Proposed Listing on the Main Board of The Stock Exchange of Hong Kong Limited

Global offering of 100,000,000 ordinary shares between HK$1.63 and HK$1.87 per share are expected to raise net proceeds of approximately HK$99.8 million

Sino-Entertainment Technology Holdings Limited (“Sino-Entertainment Technology Holdings” or the “Company”, together with its subsidiaries, collectively referred as the “Group”) has recently announced the details of the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEx”) (the “Global Offering”).

Investment Highlights
– Published an extensive portfolio of games and established successful partnerships with a significant number of publishers
– An integrated major mobile game publisher and developer in China
– Possessed game development capabilities and talents
– Management team with extensive experience in the mobile game industry

Sino-Entertainment Technology Holdings plans to offer a total of 100,000,000 shares (subject to the Over-allotment Option), comprising 10,000,000 Hong Kong Public Offer Shares (subject to adjustment) and 90,000,000 International Offer Shares (comprising 66,000,000 new Shares and 24,000,000 Sale Shares, subject to adjustment and the Over-allotment Option), at an Offer Price ranges between HK$1.63 to HK$1.87 per Offer Share. The Public Offer will open at 9:00 a.m. on Tuesday, 30 June 2020 and will close at 12:00 noon on Monday, 6 July 2020. The allotment results will be announced on Tuesday, 14 July 2020. Dealings in shares on HKEx are expected to commence on Wednesday, 15 July 2020, under the stock code 6933.HK.

WAG Worldsec Corporate Finance Limited is the Sole Sponsor. Huajin Securities (International) Limited, Zhongtai International Securities Limited and China Tonghai Securities Limited act as Joint Global Coordinators and Joint Lead Managers. Huajin Securities (International) Limited, Zhongtai International Securities Limited, China Tonghai Securities Limited, BOCOM International Securities Limited, Guosen Securities (HK) Capital Company Limited, Soochow Securities International Brokerage Limited and Orient Securities (Hong Kong) Limited act as Joint Bookrunners.

Company Overview

Sino-Entertainment Technology Holdings is an integrated game publisher and developer in China with a focus on publishing mobile games in the market of China. The Group is committed to bringing quality and interactive gameplay experience to game players by drawing upon its experience and expertise in the mobile game industry together with its sound understanding with the Group’s publishing partners and game players gained over the years of its operations to develop and publish high-quality and well-customised mobile games.

During the three years end 31 December 2019 (the “Track Record Period”), the Group has published over 320 third party games; and since the commencement of its mobile game development in 2015 and up to 21 June 2020, the Group has developed 22 proprietary games mainly in the RPG and casual games genres. It targets to launch five additional self-developed games in each of 2021 and 2022.

Business Model

Sino-Entertainment Technology Holdings is principally engaged in mobile game publishing as well as development and sale of customised software and mobile games. The Group has covered the businesses from upstream to midstream, being as the game developer, game publisher, co-publisher and distribution channel.

As a game developer, the Group focuses on the development of RPG and casual game genres, and these self-developed games were offered for sale or published by the Group.

As a game publisher, the Group is responsible for marketing, promotion, distribution, and other user-related services.

As a co-publisher, in light of the Group’s publishing capabilities and resources, the Group also co-publish third party games with third party publishers. This business segment has generated the majority of the Group’s revenue in the past three years.

As a distribution channel, the Group distributes third party games that the Group co-publishes, on its self-operated platform.

Financial Highlights

The total revenue of the Group was approximately RMB107.3 million, RMB151.2 million and RMB187.7 million for FY2017, FY2018 and FY2019, respectively, representing a CAGR of 32.3%. For FY2017, FY2018 and FY2019, the Group’s gross profit was RMB40.0 million, RMB57.0 million and RMB75.8 million, respectively, and its gross profit margin was 37.3%, 37.7% and 40.4%, respectively.

The net profit of the Group for FY2017, FY2018 and FY2019 amounted to approximately RMB31.5 million, RMB39.4 million and RMB50.5 million, respectively, representing a CAGR of 26.6%. The net profit margin are 29.4%, 26.1% and 26.9% respectively. Excluding the non-recurring listing expenses of RMB4.8 million and RMB11.1 million for FY2018 and FY2019, the Group’s net profit for the two years reached RMB44.2 million and RMB61.6 million, with a net profit margin of 29.2% and 32.8%, respectively.

Competitive Strengths

The Group believes that its success is attributable to the following competitive strengths:

First of all, the Group published an extensive portfolio of games and established successful partnerships with a significant number of publishers. During the Track Record Period, the Group co-published over 320 third party games including PRG, SLG, causal games and others.

With the business practice of co-publishing an extensive game portfolio of mobile games with wide coverage of game genres, the Group enjoyed the flexibility to select and focus on co-publishing third party games with relatively higher profitability and cease to publish games which do not meet its expected market reception, which in turn will diverse and mitigate its risk and generate stable revenue in its game publishing business.

The Group also successfully established partnerships with more than 120 mobile game publishing partners including third party publishers and service providers.

Second, the Group is an integrated major mobile game publisher and developer in China.

The Group is also committed to devoting its resources to develop its self-developed games and it had developed 22 mobile games since the commencement of its mobile game development in 2015 and up to the 21 June 2020. In addition to providing publishing services to third-party publishers as co-publisher for their third party mobile games, the Group has also published two of its self-developed proprietary games, namely Hollow Storm and Princess in Distress during the Track Record Period and launched one self-developed game, namely Stratagem in the Three Kingdoms in February 2020.

Third, the Group possesses game development capabilities and talent. It believes that its experience and proficiency in identifying and targeting potential users, converting active users into paying users, and responding keenly to industry changes and user behaviour patterns help promote the Group’s game developed in-house. As at 21 June 2020, the Group development team consists of 62 employees, 15 of whom had more than five years of experience in the mobile game industry.

Last but not least, the Group has a management team with extensive experience in the mobile game industry. With the experience of its senior management team, the Group is able to be more player-oriented and innovative to meet the ever-changing demand from players. Under the management team’s leadership and vision, the Group aspires to further expand its business in the mobile game industry in China and to ensure further sustainable growth.

Mr. Sui Jiaheng, the Chairman of the Board and an Executive Director of Sino-Entertainment Technology Holdings concluded, “We are pleased to witness this significant milestone in the Group’s history. Through our listing on the Main Board of HKEx, we will tap into the international capital markets. This will not only broaden our capital and shareholder base, but will also provide us with capital to fund our expansion plan, which will finally strengthen our position in the industry and further enhance our competitive advantages, thereby driving the Group’s long-term development.”

“Looking ahead, we will be devoted to further develop and strengthen our position in the mobile game development and publishing industry in China. We will strive to capture the rapidly growing mobile game industry in China by expanding our game development capabilities and coverage and increasing the number of our self-developed games that we launch into the market. In addition, we will further strengthen our publishing capabilities by expanding our third party game portfolio and diversify our revenue sources by placing our business focus on both development and publishing of mobile games.”

Factsheet

Details of Global Offering:

Number of Offer Shares: 100,000,000 Shares comprising 76,000,000 new
Shares and 24,000,000 Sale Shares (subject to the Over-allotment Option)
Number of Hong Kong Offer Shares: 10,000,000 Shares (subject to adjustment)
Number of International Offer Shares: 90,000,000 Shares comprising 66,000,000 new Shares and 24,000,000 Sale Shares (subject to adjustment and the Over-allotment Option)
Offer Price Range: From HK$1.63 to HK$1.87 per Offer Share
Board Lot Size: 2,000 Shares
Nominal Value: US$0.0001 per Share
Public Offer Period: 9:00 a.m. on Tuesday, 30 June to 12:00 noon on Monday, 6 July 2020
Announcement of Allotment Results: Tuesday, 14 July 2020
Expected Listing Date: Wednesday, 15 July 2020
Stock Code: 6933.HK

Use of Proceeds:

The aggregate net proceeds from the Global Offering (after deducting underwriting fees and estimated expenses payable by the Group in connection with the Global Offering), assuming an Offer Price of HK$1.75 per Offer Share, being the mid-point of the indicative Offer Price range of HK$1.63 to HK$1.87 per Share, will be approximately HK$99.8 million. The Group currently intends to apply the net proceeds from the Share Offer in the following manner:

Use of Proceeds / % of Net Proceeds
Enhance game development capabilities and expand game portfolio: Approximately 33.1%
Strengthen publishing capabilities: approximately 46.1%
Establish an integrated game distribution platform: Approximately 13.7%
Expand geographic coverage and build international user base: Approximately 7.1%

Track Record:

RMB ‘000 For the year ended31 December
FY2017 FY2018 FY2019
Revenue 107,267 151,214 187,710
Gross profit 40,000 57,015 75,813
Gross profit margin 37.3% 37.7% 40.4%
Profit for the year 31,454 39,391 50,500
Net profit margin 29.4% 26.1% 26.9%
Listing expenses – 4,810 11,145
Adjusted Profit by excluding listing expenses 31,454 44,201 61,645