Category: Finance

Legend Holdings (3396.HK) Announced 2021 Annual Results

  • Achieved the New High of Revenue and Profit
  • Focused on Industrial Operation and Scientific and Technological Innovation

According to South China Morning Post, Global market experienced another rock year. The impact of COVID-19 still not got away, the chaos of global supply chain showed that the world still need time to recover; the aftermath of geopolitical factors heavily disturbed the global capital markets, further sparked investor concerns. In such an environment, a comprehensive company with a solid business foundation and years of forward-looking layout tends to have higher risk tolerance, such as Legend Holdings. The company announced its 2021 annual results yesterday, achieving a steady growth.

Mr. Li Peng, CEO of Legend Holdings stated: “the company strengthened its foothold in its industries of focus, proactively responded to the impact of the pandemic and various external environmental changes, dynamically modified business strategies and increased investment in technology and innovation. Legend Holdings realized a revenue of RMB489.872 billion, an increase of 17% year-on-year, and a net profit attributable to equity holders of the Company of RMB5.755 billion, an increase of 49% year-on-year. Both revenue and profit hit new high.”

Continuous Growth Momentum of Industrial Operations Segment, Business Foundation Further Consolidated
Legend Holdings’ sound performance is mainly due to the continuous growth momentum of industrial operations segment, pillar companies in this segment consolidate existing advantages and deepen innovation in all aspects, namely Lenovo, Levima Advanced Materials, Joyvio Group and Banque Internationale a Luxembourg S. A (BIL).

In 2021, Lenovo seized the opportunities of global digitalization and intelligent transformation, the three core businesses achieved record-high results and further improvement of profitability, resulting in a net profit attributable to equity holders of Legend Holdings amounted to RMB4.019 billion, an increase of 92% year-on-year. Lenovo has always attached importance to investment in science and technology, and in 2021, it set a goal of “investing an annual average of RMB20 billion in R&D in the next three years and doubling its R&D personnel to no less than 24,000”. At present, relevant work is progressing steadily. In the fourth quarter of 2021, it invested RMB3.5 billion, representing a year-on-year increase of 38%.

Levima Advanced Materials adhered to its innovation-driven strategy with a 60% year-on-year increase in R&D investment and planned to invest RMB10 billion in the fields of new energy materials and biodegradable materials, some projects have already started. Benefiting from factors such as strong demand for new energy products, improved operational efficiency, and high-end differentiated product strategies, it realized a net profit attributable to equity holders of Legend Holdings of RMB565 million, an increase of 70% year-on-year.

Joyvio Group continued to focus on its two main business lines, namely high-end fruit and premium animal protein and turned loss into profit through a series of initiatives during the reporting period. BIL constantly upgraded its business models and in 2021, all of its key business indicators recorded year-on-year growth, CET-1 ratio up to 14.15%, net profit attributable to equity holders of Legend Holdings amounted to RMB873 million, an increase of 35% year-on-year (excluding exchange rate differences).

Through the above companies’ performance, we can find that in 2021, Legend Holdings has not only solidified the foundation of industrial operations, but also increased investment in technology innovation in line with national strategies, and the future development of the company is expected to be worth looking forward to. Legend Holdings has a tradition of deep involvement in the field of technology and innovation, and this tradition is also fully demonstrated in its industries incubations and investments segment.

Growing Industrial Incubations and Investments, Greater Support for Technology Start-ups
Legend Holdings has deployed technology start-ups for a long time, and in 2021, Legend Holdings continued to redouble its efforts in investment and financial support regarding scientific and technological innovation.

With the background of the government attaching great importance to the development of the semiconductor industry, Legend Holdings has earlier made a strategic investment in the high-tech company Fullhan Microelectronics, which specialized in the design and development of chips, and further increased its holding shares to 15.90% in 2021. Fullhan Microelectronics maintained a high proportion of R&D investment and promoted the improvement and upgrade of product lines. It has developed a complete product line from simulation to digitization and from front end to back end, with its R&D expenditure up by more than 100% over the previous year. In 2021, Legend Holdings and Fullhan Microelectronics jointly founded Hanlian Semiconductor Industry Fund for greater cooperation in the semiconductor industry.

Through Legend Capital and Legend Star, Legend Holdings invested in more than 100 new innovative technological projects, covering advanced technology, biomedicine, advanced manufacturing, TMT, and other fields, with 21 of its investee companies entering domestic and overseas capital markets. As of the end of 2021, there were 39 companies invested by Legend Holdings have been selected into the list of national-level Specialized, Fined, Peculiar, and Innovative (SFPI) enterprises. In addition, Legend Holdings and its subsidiaries’ businesses have also supported the growth of nearly 200 Chinese SFPI enterprises through supply chain procurement, financial support and professional services.

The Legend Holdings’ long-term investment in companies with high technological potential shows the insight to future. These actions would provide abundant financial returns and long-term development and will further nurture or establish a range of enterprises to take up leading positions while having excellent profitability in multiple industries and fields, meanwhile make more contributions to the development of innovative technological industries of China in the next step.

Comprehensively Strengthening ESG-related Initiatives
In recent years, global warming has led to a variety of environmental problems such as melting glaciers and rising sea levels, which has also aroused the concern of various countries. With the introduction of China’s “carbon peaking and neutrality” target last year and the unanimous decision to “accelerate climate action” at the 26th United Nations Climate Change Conference, Environmental, Social and Governance (ESG) has been elevated to a new level, and the capital market is paying more attention to corporate ESG initiatives, which can also highlight corporate values.

In 2021, Legend Holdings strengthened and implemented its ESG-related initiatives into daily running continually. Lenovo reduced carbon emissions by 92% over the past decade, selected as a UN Advanced Business Practices case for low carbon practices. In 2021, It also set a goal of achieving net zero carbon emissions by 2050 and actively exports products, services and solutions to help various industries achieve carbon neutrality. Levima Advanced Materials also protected the environment in its business, put vigorous efforts to develop new energy and biodegradable materials, and effectively achieved the objectives of lower energy consumption and greenhouse gas emissions through different initiatives.

In terms of ESG investments that have emerged in recent years, Legend Holdings’ subsidiaries are also at the forefront. BIL formally became a signature-recognized bank of the United Nations Global Compact and the United Nations Principles for Responsible Banking (UN PRBs) and helped Chinese-invested enterprises successfully issue green bonds. Legend Capital, as the first leading VC/PE institution in China joining United Nations Organization for Responsible Investment, has invested in over 20 “dual-carbon” technology-based enterprises.

Looking into future, Mr. Ning Min, chairman of Legend Holdings said: “We have never forgotten our mission of promoting technological innovation, assisting industrial development, and our social responsibility as an international enterprise rooted in China. Facing the future, we will always keep an open mind, a pragmatic style, uphold the entrepreneurial spirit, move forward with courage, and make more positive contributions to the new era with solid achievements on the new journey in the future.”

Legend Holdings: Remaining True to the Original Aspiration, Leading by Technology, and Serving the Country through Industry

  • Continuously Increasing Investment in Science and Technology Innovation and Strengthening the Fulfillment of Corporate Social Responsibilities
  • Legend Holdings 2021 Revenue and Net Profit Attributable to Equity Holders of the Company Achieved a New High

Legend Holdings Corporation (HKG: 3396) announced today the audited annual results of the 12 months ended December 31, 2021(Reporting Period). In 2021, the Company’s revenue was RMB489.872 billion, representing a year-on-year increase of 17%; net profit attributable to equity holders of the Company amounted to RMB5.755 billion, representing a year-on-year increase of 49%. The Company’s results grew steadily to a new record high.

“In 2021, global economic growth has slowed down significantly and the global situation is complex and volatile. But under the strong leadership of the Communist Party of China, China’s economy has stabilized and recovered, and the economic structure has continued to be optimized, further strengthening confidence and clarifying the direction for future development.” said Mr. Ning Min, Chairman and Executive Director of Legend Holdings, “As the Company completed the intergenerational transition in 2019, the new generation of management once again emphasized the importance of upholding the original aspiration of entrepreneurship. As the Company continues to solidify the basic foundation, it forges ahead and integrates the development of the company into the bigger picture of the country’s macro development blueprint. In the past two years, the Company has been on the ground with sound results, and more importantly, through continuous summary, reflections and reforms, it has further clarified the responsibility that the Company should take in the new era and the direction of its future development.”

Ning Min said that Legend Holdings will further emphasize the leadership of scientific and technological innovation, adhere to the building of industrial base. And it will continue to enhance the support for Specialized, Fined, Peculiar and Innovative (SFPI) enterprises, as well as actively fulfill corporate social responsibilities to a higher degree.

Based on the corporate vision of “serving the country through industry “, the long-term goal of cultivating pillar industries, and the practical experience accumulated over the years, Legend Holdings has reorganized its business and has identified two business segments, namely industrial operations and industrial incubations and investments, in order to allocate resources more rationally, realize long-term value growth of the company through effective control and service mode, and promote industrial progress and technological innovation.

During the Reporting Period, the business foundation of industrial operations segment was further strengthened, with revenue of RMB486.004 billion and net profit attributable to equity holders of the Legend Holdings of RMB5.857 billion, both of which reached record highs. The industrial incubations and investments segment achieved RMB1.540 billion in the net profit attributable to equity holders of Legend Holdings, and a number of outstanding or promising enterprises emerged, which are one of the important sources of value growth for the Company.

Mr. Li Peng, Executive Director and CEO of Legend Holdings, stated, “In 2021, a number of policies have been introduced by the Nation to promote economic development, providing a favorable ground for the sustainable development of enterprises. Based on in-depth study of national strategies and industrial policies, Legend Holdings carefully studied the results and deficiencies in its work, further clarified its future direction, actively responded to changes in the external environment such as the pandemic and dynamically adjusted its business strategies and achieved good results. On the one hand, the company continues to strengthen its foothold in the focused key industries, focusing on developing pillar businesses across industries. On the other hand, it proactively promoted the digital transformation and upgrading of its subsidiaries, increased investment in the field of scientific and technological innovation, and established an innovation and development center in Legend Holdings in order to systematically study the domestic and international innovation trends and the advanced technologies in related science and technology fields, seeking new breakthroughs in high-tech fields.” In addition, it continued to help investee companies to enter the capital market and actively strengthening ESG-related initiatives.

Increasing investment in scientific and technological innovation and continuously improving support for innovative and entrepreneurial enterprises
In the context of the era of in-depth implementation of scientific and technological innovation to lead high-quality development, Legend Holdings further strengthened its technology leadership during the Reporting Period, and increased its incubations, investments and financial support in fields of scientific and technological innovation through direct or indirect means, achieving certain results.

Legend Holdings is ranked 10th in the list of “2021 Private Enterprise R&D Investment 500”. Lenovo, a subsidiary of the company, has proposed to double its R&D investment and R&D staff in the next three years, with investment of RMB20 billion per year and an increase in R&D staff to 24,000, which is being actively implemented. In 2021, Levima Advanced Materials filed 41 new patents and increased its R&D investment by more than 60% year-on-year, while planning to invest RMB10 billion to enter the field of new energy materials and biodegradable materials. Fullhan Microelectronics continuously increased its investment in the field of chip research and development, with R&D expenditure increasing by more than 100% compared to the previous year. And it has a complete production line from simulation to digitization, from front-end to back-end.

At the same time, through its funds and invested enterprises, the company continuously invested in innovative enterprises in the fields of cutting-edge technology, biomedicine, advanced manufacturing, TMT and other areas. In this way, it has nurtured a number of Specialized, Fined, Peculiar and Innovative (SFPI) enterprises in the field of scientific and technological innovation, becoming a reliable partner in the growth process of these enterprises. During the Reporting Period, 39 of the invested enterprises were selected to the national list of SFPI enterprises. As leading fund management companies, Legend Capital and Legend Star have invested in more than 100 scientific and technological innovation projects, and Legend Holdings along with its platforms promoted 21 invested companies entering the capital market. In addition, various businesses under Legend Holdings have also supported the growth of nearly 200 Chinese SFPI enterprises through supply chain procurement, financial support and professional services.

Fully strengthening the fundamentals of industrial operations and developing the real economy
Deep industrial cultivation and solid operation are important development concepts that Legend Holdings has been adhering to for a long time. Through strategic management, operation improvement, resource allocation and empowerment services, the company has gradually formed its industrial pillars and driven the sound development of its upstream and downstream industrial chains.

Among them, Lenovo grasped the global trend of accelerated global digitalization and intelligent transformation and upgrading, and its three businesses achieved record results and further improvement in profitability. In 2021, revenue increased by 18% year-on-year and net profit attributable to equity holders of Legend Holdings increased by 92% year-on-year. Benefiting from factors such as strong demand for new energy products, improved operational efficiency, and high-end differentiated product strategies, Levima Advanced Materials achieved record-high revenue again. Meanwhile, it was also selected into the CSI 500 Index and Shenzhen Component Index as a constituent stock successively, with revenue increased by 28% year-on-year and net profit attributable to equity holders of Legend Holdings increased by 70% year-on-year during the Reporting Period. Joyvio Group continued to put focus on its two main business lines, namely high-end fruit and premium animal protein, with revenue up by 5% year-on-year and net profit attributable to equity holders of Legend Holdings of RMB372 million, turning loss into profit. Banque Internationale a Luxembourg (BIL) kept optimizing its business models and actively promoting its China strategy, providing credit support to Chinese companies and Chinese-invested financial institutions “going global”, while actively “bringing in” foreign capital. In 2021, all BIL’s key business indicators recorded year-on-year growth steadily.

Actively fulfilling corporate social responsibility and comprehensively strengthening ESG-related initiatives
By the end of 2021, the whole system of Legend Holdings had nearly 100,000 employees, involving more than 2,000 enterprises in the industrial chain, creating more than 250,000 jobs and contributing more than RMB10 billion in taxes annually.

The Company has long been investing in many key areas such as entrepreneurship support, rural revitalization, promoting righteousness and response to natural disasters, including the Legend Advancing Education Fund, the Capital Special Fund for Heroes, Models and Justice-upholders and the “Legend Star CEO Training Program”, all of which have lasted for more than ten years. The Company has also committed to promoting and uniting its subsidiaries to actively fulfill its corporate social responsibility, by combining its strengths, in combating epidemics, natural disasters, rural education and many other aspects. In the past Beijing Winter Olympics, Legend Holdings’ invested companies actively integrated all its strengths to support the Winter Olympics through their own technology and services. Among which, Lenovo provided 13,900 sets of integrated equipment and IT equipment operation and maintenance services for the entire process with 430 engineers, achieving the high standard of “zero failure”.

In the field of ESG, Lenovo joined the United Nations Global Compact in 2009 and has reduced its carbon emissions by 92% in the past decade, and its low-carbon practices have been selected as a UN Advanced Corporate Practice Case. Meanwhile, Lenovo has set up the goal of net zero carbon emissions by 2050, and has been actively exporting products, services and solutions to help various industries achieve carbon neutrality. Levima Advanced Materials supported the national policies of carbon peaking and neutrality in its business, with vigorous efforts to develop new energy and biodegradable materials, effectively achieved the objectives of lower energy consumption and greenhouse gas emissions through such initiatives as continuous reduction in unit consumption, device and technology improvement, and process optimization. It is a national green factory and a local eco-friendly benchmark enterprise. BIL is a signature bank of the United Nations Global Compact and the United Nations Principles for Responsible Banking (UN PRBs). It has successfully launched four ESG investment funds certified by professional institutions and helped a number of Chinese-invested enterprises issue green bonds. Legend Capital, as the first leading VC/PE institution in China joining United Nations Organization for Responsible Investment, has invested in over 20 “dual-carbon” technology-based enterprises.

Remaining true to the original aspiration, centering on “industrial operation and technological innovation”, and taking a new journey
Looking ahead, Legend Holdings will study the long-term sustainable development of the Company under the new circumstances with higher standards, bring sound mid-term and long-term returns for shareholders, and contribute greater economic and social values to the society.

The company further clarified the key work in 2022. Li Peng said that in 2022, the global situation is still full of uncertainties, while the long-term positive fundamentals of China’s economy will not change. The Central Economic Work Conference proposed that the word “stability” should take the lead and progress should be sought in the midst of stability. And Legend Holdings will fully study and refine the company’s future development model and management system in line with the national strategy and the strategic idea of “industrial operation and technological innovation” so as to form a clear development goal and strategic plan. The Company will continue to strengthen its corporate fundamentals, manage and control relevant risks and promote the steady growth of its industrial operation business. In the industrial incubations and investments segment, scientific and technological innovation remains the focus of our resource allocation, and efforts should be made to seek and identify new opportunities for value creation. The Company will reasonably align the allocation of resources according to the strategic objectives, promote the release of value and accelerate the return of resources. Through closely following the national strategy of high-quality development and the concept of common prosperity, the Company will further deepen the work related to corporate social responsibility and ESG. It will further improve corporate governance, systematically plan appraisal and incentive mechanisms, upgrade team qualifications, and strengthen the training and introduction of professional talents in the field of scientific technological innovation.

Ning Min emphasized, “Legend Holdings has achieved and developed due to the support of all parties. It is always our goal to make the country, people and all parties trust us and keep our promises. We are happy to listen to the voices from all sides, all criticisms and suggestions are important nutrients for us, which will stimulate us to think carefully and turn them into the driving force for the enterprise to keep moving forward. With the guidance and support of the Chinese Academy of Sciences, Legend has been accompanying the development of the country for 40 years, and has never forgotten the original aspiration of serving the country through industry and the mission it should take up in the new era. We will always be open-minded, practical and uphold the spirit of entrepreneurship. We will always be closely connected with the fate of the country and the well-being of the people, and walk in the same direction with the development of the times and the expectations of the society. Through making every effort to move forward with courage and perseverance, we will make a more positive contribution to the new era with substantial achievements on the new journey in the future.”

HTSC posts highest-ever annual revenue and profit

  • Continued Advancements in Digitalization and Diversification Bore Fruit

HTSC (HKG: 6886; the Company), a leading global financial services provider, today announced its annual results for the year ended December 31, 2021.

2021 continued to be an unusual year filled with global economic challenges, market fluctuations, and the persistent impacts of COVID. HTSC weathered these winds by evolving from a traditional intermediary to a global financial services provider with a comprehensive arsenal of digital tools. In 2021, this resilience was underpinned by a younger client base, globally connected institutional services and upgraded ESG rating of “A” from MSCI, underlining the management’s resolution to join its international peers.

FINANCIAL HIGHLIGHTS
Total revenue and other gains amounted to RMB 51.93 billion, an increase of 28.10% compared to the previous year, primarily driven by revenue growth in the wealth management segment of 34.31% to RMB 26.16 billion and institutional services segment of 18.72% to RMB 12.50 billion.

Profit for the year attributable to shareholders was RMB 13.35 billion, exhibiting a year-on-year increase of 23.32%, primarily due to growing market share and enhanced profitability.

Basic earnings per share was RMB 1.47, an increase of 22.50% from last year. The Board has recommended the payment of a final dividend of RMB 0.45 per share.

Total Assets was RMB 806.65 billion by the end of reporting period, representing an increase of 12.54% year-on-year. Net Assets was RMB 152.04 billion, representing an increase of 14.91% year-on-year.

The Company’s personal and institutional clients added up to 20 million. MAU of ZhangLe Wealth exceeded 11 million, boasting a 40% Gen Z user base, with cumulative downloads amounting to 65.32 million, an increase of 7.24 million from 2020.

BUSINESS AND STRATEGIC UPDATES
Total Number of Clients Reached 20 Million
As of December 31, 2021, the Company provides service for over 20 million personal and institutional clients, solidifying the Company’s leading position in the industry.

HTSC’s wealth management segment reported an annual revenue growth of 34.31% to RMB 26.16 billion year-on-year, accounting for 50.38% of the Company’s total. HTSC’s institutional services segment continued to thrive in the second half of 2021, with annual revenue growing 18.72% to RMB 12.50 billion year-on-year, accounting for 24.06% of the Company’s total.

Revenue attributable to the investment management business segment increased 2.26% to RMB 4.16 billion year-on-year as the market is undergoing structural transformation. The Company’s international business segment maintained its upward trend, with revenue increasing 42.19% to RMB 7.89 billion year-on-year.

As of December 31, 2021, ZhangLe Wealth, HTSC’s flagship wealth management App, saw its MAU surge to over 11 million. The app boasts cumulative downloads of 65.32 million, an increase of 7.24 million from 2020, while commanding a 40% Gen Z user base.

As of December 31, 2021, total assets of clients exceeded RMB 5.4 trillion. The trading volume of stocks and funds in 2021 amounted to RMB 42.29 trillion, retaining the top spot in the industry . According to data released by the Asset Management Association of China (AMAC), HTSC was ranked second in the sales of equity and mixed mutual funds and non-money-market mutual funds. HTSC’s fund advisory service platform has more than 700,000 users, and the size of authorized assets has grown to RMB 19.51 billion.

Cross-Border Business on the Rise
As of December 31, 2021, Huatai International had total assets of over HKD 200 billion, maintaining its best-in-class ranking among Chinese securities companies in Hong Kong. The Company’s international business continued to expand to accommodate institutional clients with more diverse and complex needs amid market volatility.

HTSC’s US subsidiary AssetMark – a leading US turnkey asset management platform (TAMP) which serves 8,649 investment advisors with 11.1% market share – saw strong growth, with total assets under management reaching USD 93.49 billion at the end of the reporting period, an increase of 25.45% over the previous year.

In 2021, the Company sponsored six Hong Kong IPOs and two US IPOs and successfully sponsored 109 listings in the STAR and ChiNext market, ranking in the top three among peer companies. The Company also acted as the underwriter of a handful of landmark A-share IPOs, including that of China Mobile, China Telecom and China Three Gorges Renewables.

As of December 31, 2021, the Company’s principal underwriting for equities was RMB 176.25 billion. Principal underwriting for bonds which focused on local government bonds and corporate bonds amounted to RMB 931.10 billion. The Company’s bond and equity underwriting businesses retained their industry third and fourth rankings respectively.

According to the China Securities Regulatory Commission (CSRC), HTSC advised on 16 M&A and 16 restructuring projects, ranking first in the industry. Of the projects, nine were approved by the CSRC, including that of Energy China and Jiangsu Eastern Shenghong, with a total transaction volume amounting to RMB 64.89 billion, securing a top three position in the industry for both the number of approved transactions and total transaction volume.

Technology Empowerment Remains Key to Growth
Heralding the third year in HTSC’s digital transformation strategy, the Company continued to invest in its technological innovation and R&D capabilities. As of December 31, 2021, the Company’s R&D personnel accounted for 22% of all employees, while total investment in technology amounted to RMB 2.23 billion with a CAGR of 27.1% from 2018 to 2021.

In 2021, HTSC’s Securities Lending Path 3.0 – the first securities lending platform in the industry – had new user growth of 215%, while the Company’s balance of securities lending amounted to RMB 24.71 billion, with a market share of 20.56%. The ZhangLe Wealth App was updated 28 times in 2021, and is now at version 8.0. The HTSC Connect App was also upgraded to offer full coverage for 29 industries, and saw an 50% increase in institutional users, with the volume of sub-position transactions for mutual funds reaching RMB1.43 trillion.

The Company also entered into strategic partnerships with various cloud computing and AI companies, to create synergy and enable the acceleration of the Company’s digitalization.

ESG Strategy Instrumental to HTSC’s future
In 2021, HTSC was given an upgraded ESG rating of “A” from MSCI, the highest rating among all domestic security companies. As cornerstone of the Company’s strategy, ESG adds long-term value to all business segments, ultimately benefiting all stakeholders within HTSC’s ecosystem.

In this year, Huatai Asset Management, a fully-owned subsidiary, launched the first asset management product which proactively finances green industries while donating a portion of the management fee into biodiversity protection. In July 2021, Huatai Asset Management became a signatory of the United Nations-supported Principles for Responsible Investment (UNPRI), and is the largest asset management company among domestic signatories.

Furthermore, the ecological conservation project “Yixin Huatai – One Yangtze River” was recognized in “100+ Biodiversity Positive Practices and Actions Around the World”, published by 15th Conference of the Parties (COP15) of the Convention on Biological Diversity (CBD)’s.

In 2021, the Company donated RMB20 million to establish the Huatai Foundation and will continue to support the foundation accordingly, representing the Company’s dedication toward sustainable development.

For enquiries, please contact:
Citigate Dewe Rogerson
Benny Liu
Tel: +86 10 6567 5056

Linda Pui
Tel: +852 3103 0118
Email: HTSC@citigatedewerogerson.com

Quamnet Outstanding Enterprise Awards 2021 Announces the Awarded Enterprises

  • Recognizing the Commitment to Sustainable Development
  • Witnessing Outstanding Performance of Enterprises

Quamnet Outstanding Enterprise Awards 2021 announced the awarded enterprises, with eight enterprises being awarded for nine awards. The Awards was able to receive recognition from the business community and media from both Hong Kong and overseas, witnessing the outstanding performances of these companies.

The 13th Quamnet Outstanding Enterprise Awards: “Sustainability to Attain Business Excellence”
Being a leading financial website in Hong Kong, Quamnet not only focuses on the financial field, but also the accomplishments of Hong Kong business community which attracts public attention. The Awards, instituted in 2009, is organized by Quamnet and aims to identify and recognize the excellent performance of Hong Kong enterprises.

The judging panel of QOEA is formed by the Quamnet editorial team, Quamnet research team, and independent financial analysts. Each nominated enterprise is required to submit their company profile and the self-evaluation report for assessment and selection. The committee will then use eight categories to select the most representative enterprises. The eight categories include excellent products and services, brand reputation, philosophy of operation, marketing strategies, sustainable development strategies, accomplishments, corporate social responsibility and unique business philosophy or development.

The 13th Quamnet Outstanding Enterprise Awards is themed by “Sustainability to Attain Business Excellence”, recognizing enterprises’ full dedication in operation and resilience in times of challenges, as well as the outstanding management on environmental, social and corporate governance. The performance sets a new standard of sustainable development for peers and the society as a whole.

Awarded companies come from diversified industries in Hong Kong, including financial services, MPF services, immigration advisory, ICT solution provider, logistics, transportation infrastructure and healthcare service etc.

A total of 8 companies are being awarded this year with its outstanding achievement, including Bartra Wealth Advisors Limited, China Life Trustees Limited, CITIC Telecom International CPC Limited, Kerry Logistics, Realord Group Holdings Limited, Realord Asia Pacific Securities Limited, Link-Asia International MedTech Group Limited and Yuexiu Transport Infrastructure Limited.

Witnessed by Honourable Guests and Supported by Business Community and Media
To protect the safety of participants, the Awards this year announces awarded enterprises online and trophies are to be distributed in other ways at a later date. Despite the arrangement, the Awards is greatly supported by honourable guests, including:

Mr. Joseph H.L. Chan, JP, Under Secretary for Financial Services and the Treasury
The Government of Hong Kong SAR
Dr. Michael Chan, Honorary Chairman of Hong Kong Institute of Marketing
Mr. Michael Wong, President of Society of Registered Financial Planners

Mr. Andy Chan, Managing Director of China Tonghai Financial Media Limited, said “In 2021, the pandemic returned after the slightly slowdown. Companies around the world continued to forge ahead after absorbing the experience of the previous year, in order to continue business operation despite the difficult environment. Excellent enterprises with unique business philosophy calmly took on challenges, ensured the interests of enterprises and its stakeholders, these companies were able to achieve greater achievements, and thus laid a solid foundation for the economic recovery in the future. While the Awards steps into its 13th year, it once again affirms the outstanding performance of Hong Kong enterprises and sets the standard for the sustainable development of enterprises under the pandemic. Quamnet would like to sincerely this year’s award-winning companies. You have forged ahead despite difficulties and become a role model for your peers.”

Supported by elites and medias
In addition to a strong lineup of guests, the Awards attracted numerous media both in Hong Kong and China. Media partners include The Standard, Caiguu.com and Investing.com etc.

Quamnet Outstanding Enterprise Awards 2021 (Alphabetical Listing by Company Name)
Categories / Awarded Company
1. Outstanding Irish Immigration Advisory & Immigrant Investor Programme 2021 / Bartra Wealth Advisors Limited
2. Best Pension Service Provider 2021 / China Life Trustees Limited
3. Outstanding MPF Scheme 2021 / China Life Trustees Limited
4. Outstanding ICT Solution Provider 2021 / CITIC Telecom International CPC Limited
5. Outstanding Global 3PL 2021 / Kerry Logistics
6. Outstanding Assisted Reproductive Health Care Service Enterprise 2021 / Link-Asia International MedTech Group Limited
7. Outstanding Diversified Integrated Enterprise 2021 / Realord Group Holdings Limited
8. Outstanding Securities Service Development 2021 / Realord Asia Pacific Securities Limited
9. Outstanding Investment and Development of Infrastructure 2021 / Yuexiu Transport Infrastructure Limited

Website of Quamnet Outstanding Enterprise Awards:
http://events.quamnet.com/QOEA2021/

For enquiry, please contact:
China Tonghai Financial Media Limited
Events and Media:
Ms. Macy Yeung Tel: (852) 2217 2752 E-mail: Macy.Yeung@tonghaifinancial.com
Ms. Venus Kuk Tel: (852) 2217 2727 E-mail: Venus.Kuk@tonghaifinancial.com
Ms. Hayley Wu Tel: (852) 2217 2679  E-mail: Hayley.Wu@tonghaifinancial.com

Society Pass (SoPa) Reports Full Year 2021 Financial Results, Sees 891% Year on Year Revenue Growth

  • Revenue grew 891% (from $52,453 for fiscal year ended December 31, 2020 to $519,885 for fiscal year ended December 31, 2021) driven primarily by revenues from the LeFlair lifestyle platform
  • SoPa is well capitalized for planned acquisitions of food & beverage, lifestyle, travel, merchant software companies in VIP (Vietnam, Indonesia, and Philippines) countries of SEA
  • SoPa expects to launch the Society Pass loyalty points platform in 2Q 2022, which SoPa believes will help substantially increase it online users and merchants across the VIP region

Society Pass Incorporated (SoPa) (Nasdaq: SOPA), a leading Southeast Asia loyalty and ecommerce ecosystem, reported its financial results for its fiscal year ending 31 December 2021.

The Company’s total revenues increased over eight hundred and ninety percent year on year mainly as a result of the relaunch of its Leflair lifestyle e-commerce business in September 2021. “2021 has been a strong year for SoPa in spite of the impact from the Delta and Omicron variants. Despite only operating in only the last four months of 2021, Leflair recognized monthly double digit revenue growth in the fourth quarter. With the region rapidly pivoting to recovery, we expected to see robust eCommerce growth in both transaction volume and basket size. SoPa’s healthy pipeline and strategy for acquiring rapidly growing eCommerce platforms will allow us to capture that exciting growth. We expect 2022 to be a stellar year for SoPa as we continue to build out our next generation loyalty platform and acquire more leading e-commerce companies in SEA”, said Dennis Nguyen, Founder, Chairman and CEO of Society Pass.

Key Highlights:

  • Total revenue grew by 891% primarily attributed to the acquisition of the Leflair lifestyle platform
  • The Company is well capitalized to rollout its business plan with cash on hand growing over 4,400% to $23.2 million, primarily due to the completion of its Nasdaq listing IPO in November 2021 (SoPa also completed a $11.5 million (gross proceeds) follow-on public offering in February of 2022)
  • Since its inception, Society Pass has acquired 4 eCommerce businesses in Southeast Asia namely; #HOTTAB, Leflair, and Handycart in Vietnam, as well as Pushkart in Philippines

In 2022, SoPa expects further growth as the SEA countries shift to focus on economic recovery. The Company also expects to launch of Society Points in Q2 2022, which it expects to increase profit margins and drive customer retention for merchants. In addition, SoPa plans to make additional acquisitions in 2022 that will generate additional revenue synergies and create cost efficiencies as part of the expanding SoPa ecosystem.

About Society Pass
Society Pass is a loyalty and data marketing ecosystem that operates multiple e-commerce and lifestyle platforms across its key markets. Its business model focuses on collecting user data through the expected circulation of its universal loyalty points. It seamlessly connects consumers and merchants across multiple product and service categories fostering organic loyalty. Since its inception, SoPa has amassed over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its Platform’s consumers, merchants, and acquisitions.

Society Pass provides merchants with #HOTTAB Biz – a convenient order management app for business partners on SoPa.asia, and #HOTTAB POS – a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user profile analytics, and convenient financial support packages for small and medium-sized enterprises.

In addition, SoPa operates Leflair.com, Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, and Handycart.vn, a leading online restaurant delivery service based in Hanoi, Vietnam. For more information, please check out: http://thesocietypass.com/

Media contact
PRecious Communications for SoPa
sopa@preciouscomms.com

Value Research Center (VRC) authors Value Model integrating ESG and Sustainability Measures

The Value Research Center (VRC) launched an integrated Value Model of ESG and Sustainability measures in a new white paper issued today. With the shift from short term, profit-focused thinking towards long-term, sustainable, value-focused thinking, businesses globally need to answer a fundamental question: “What value are you providing our collective future?”

A Value Model for Responsible Business: The new Value Research Center (VRC) white paper was officially released today. The VRC initiative is aimed at improving company performance and social impact.

The VRC at Doshisha University was established in November 2021 to develop a Value Model that could guide any company to answer this question, so ensuring a more sustainable future. The VRC published its initial white paper, “Valuing Value”, in June 2021, integrating 357 impact measurements from 15 of the world’s top ESG and sustainability frameworks and developing a 7-stakeholder, 27-theme, 80-goal model to help businesses objectively and transparently measure and manage the value impacts that they have on their key stakeholders.

The VRC’s new white paper entitled “A Value Model for Responsible Business”, integrates an additional 346 impact measurements from 6 new frameworks into the initial model. These 6 frameworks include the International Sustainability Standards Board (ISSB) Prototype Climate-related disclosures; Task Force on Climate-related Financial Disclosure (TCFD) guidance on metrics, targets and transition plans; Stockholm Resilience Center’s Planetary Boundaries; United Nations Development Program (UNDP) SDG Impact Standards for Enterprises; International Finance Corporation (IFC) Performance Standards; and Science Based Targets initiative (SBTi) climate disclosures.

Professor Philip Sugai, Director of the VRC, says “Our team analyzed hundreds of existing impact measurements and organized these into 27 common themes, with 81 goals that any company, regardless of their size, industry or location can use to measure, manage and use to consistently increase the value they create for their stakeholders. Unlike existing ESG or sustainability reporting models, the VRC Value Model offers companies the ability to track their actual stakeholder impacts, using this data to create forward-looking strategies aimed at further increasing the value they create for and with these stakeholders.”

Masato Yamazaki, Professor Emeritus of Economics at Aquinas College, Grand Rapids, Michigan, and VRC operating council member, said “The Value Model that our VRC research team offers is a more advanced approach than any other sustainability model or approach in existence today, since it can automatically help identify the root causes of the problems companies face via well-developed assessment tools.”

“What is needed in sustainability efforts today goes beyond simple reporting,” says Dr. Kumar Iyer, Mentor for Value Creation and VRC operating council member. “The VRC Value Model is based on objective metrics and quantifiable indicators which can be independently verified. This is uniquely different from any other sustainability reporting approach as it is directly linked to creating social impact.”

The white paper is available for download at the VRC website:
https://www.valueresearchcenter.com/2022whitepaper

About the Value Research Center (VRC)
The Value Research Center (VRC) was officially established at Doshisha University in Kyoto, Japan in November 2021. The VRC aims to research and develop an open, accessible and transparent system for measuring, monitoring, assessing and reporting on value creation (destruction) impacts that organizations of any size make on the 7 stakeholder groups including (1) the organization itself, (2) shareholders or owners, (3) customers, (4) employees, (5) partners, (6) the society within which it operates, and (7) the planet.

Learn more about the VRC and its projects at https://www.valueresearchcenter.com, or email Philip Sugai at
info@valueresearchcenter.com

* Webinar, March 25 – IAFOR discusses the white paper with VRC Director Philip Sugai
Dr. Joseph Haldane, Chairman & CEO of the International Academic Forum (IAFOR) will discuss the contents of this new white paper with VRC Director Prof. Philip Sugai in a Webinar on Friday, March 25, 5:00 – 6:00 pm JST, in collaboration with the new ESG-IREC Research Center at Osaka University. This webinar will be free to attend, and reservations can be made at: https://tinyurl.com/IRC-VRC-20220325

About the IAFOR Research Center (IRC)
IRC aims to provide a research centre to nurture various international and interdisciplinary research policies that use the extensive networks of both Osaka University and IAFOR. https://iafor.org/.

About the ESG-IREC Research Center
The Osaka University Graduate School of International Public Policy – ESG Integration Research and Education Center (ESG-IREC) conducts research on practically implemented “ESG integration” models in corporate business activities for the creation of a more sustainable future. https://www.osipp.osaka-u.ac.jp/en/.

Ni Hsin Signs OEM Manufacturing Agreement with TAILG for Electric Two Wheelers

Venture into the e-mobility in line with Ni Hsin’s drive towards ESG

Ni Hsin EV Tech Sdn Bhd (NH EV TECH), a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad) (Ni Hsin or the Group), today entered into an Original Equipment Manufacturing Agreement (OEM Agreement) with Dongguan Tailing Motor Vehicle Co., Ltd. (TAILG) for the manufacture of the eBixon EV Bike.

Khoo Chee Kong, Managing Director of NH EV Tech

Under the OEM Agreement, TAILG will manufacture the eBixon EV Bikes and deliver as semi-knocked down (“SKD”) components that includes spare parts and software while NH EV TECH will assemble and test as well as run quality control and commission the electric two wheelers in Malaysia.

NH EV TECH and TAILG had, on 14 October 2021, entered into a product development agreement to develop the electric two wheelers based on TAILG’s existing Model D-80 for commercial purposes. Following the successful development of the prototype, the parties are now proceeding with the commercial manufacture of the two wheelers, which is certified by the Economic Commission for Europe (ECE), Malaysian Standard 2413 (MS2413) and Vehicle Type Approval (VTA) from Jabatan Pengangkutan Jalan Malaysia.

Khoo Chee Kong, Managing Director of NH EV Tech, said: “Our venture into the e-mobility business is in line with the Group’s commitment to seek opportunities under the ESG criteria of sustainability. This venture is now coming to fruition with the OEM Agreement and the manufacturing license from the Ministry of International Trade and Industry (“MITI”) obtained in October 2021″.

“The eBixon EV Bike will be used as proprietary mobile beverage machines in our BLACKBIXON Coffee business concept of cafe@anywhere, serving BLACKBIXON coffee to customers at various popular locations in cities around the country. We are also developing business models for the last mile delivery services built on the eBixon EV Bike. The eBixon EV Bike is expected to be launched in the third quarter of 2022. Our target is to produce 1,000 units of eBixon EV Bikes for the first year.”

“We are also targeting to sell 50,000 units of the eBixon EV Bikes in Southeast Asia in the next three years as demand for two-wheeled EVs in the region is expected to see explosive growth over the next three to 10 years, surpassing Europe and East Asia. This growth is supported by the region’s e-commerce market, which is valued at US$2.53 billion in 2022 and is expected to have a compound average growth rate of 20.6% over the five-year period to 2027 according to International Trade Administration data”.

Ni Hsin Group Berhad: http://www.ni-hsin.com/
NIHSIN [Bursa: 7215] [RIC: NHSN:KL] [BB: NHR:MK]

WIKA Books Rp17.81 Trillion in 2021 Sales, 7.7% Higher Than 2020; Positive Recovery Indicator in 2021

PT WIJAYA KARYA (Persero) Tbk. [IDX: WIKA] booked Rp17.81 trillion in sales 2021 as recorded in the financial statement for the period ended on 31 December 2021. This achievement was 7.7% higher compared with 2020.

The largest contributor to sales was the infrastructure and building segment, followed consecutively by energy and industrial plant; industry; realty & property; and investment.

WIKA’s President Director, Agung Budi Waskito (Agung BW) stated that the increase in sales suggested a positive recovery indicator in WIKA’s performance throughout 2021.

“The increase in sales was on the back of operating activities that recovered gradually. In 2021, WIKA was able to complete several dams, toll roads, and engineering, procurement, construction & commissioning (“EPCC”) projects. These projects enabled WIKA to record positive performance with a net profit of Rp214.42 billion,” said Agung BW.

Agung BW added that in 2021, WIKA recorded a 5.26% decrease in interest expense to Rp1.16 trillion from Rp1.22 trillion in the same period of previous year (YoY). “The decrease in interest expense was due to WIKA’s efforts to reprofile high interest, short-term loans into bonds and sukuk mudharabah with longer tenor and lower coupon,” Agung BW stated.

The achievements in 2021 will enable WIKA to continue its positive performance next year and recover to pre-pandemic operating level.

Welcoming 2022 with New Opportunities: New Capital City and G20 Summit

WIKA optimistically welcomes 2022 as the year of further economic recovery. The construction sector plays an important role in the recovery, whereby WIKA has secured Rp6.1 trillion in new contracts at end of February 2022 or 14% of its 2022 target of Rp42.6 trillion.

WIKA’s new contracts include the Makassar New Port Access Road, Pondok Aren-Serpong Toll Road, Semarang-Demak Toll Road Section 1B, and reconstruction and rehabilitation work at Donggala Port.

The G20 Summit which will be held in Indonesia presents opportunities for WIKA as the government is preparing the necessary infrastructure to support this event that will be attended by leaders of G20 countries.

Agung BW continued that WIKA is readying itself to participate in the construction of the new capital city, starting from basic infrastructure.

“With strong integration between the construction and manufacturing segments, WIKA is able to offer added-value and is ready to build high-quality basic infrastructure in the new capital city,” Agung BW concluded.

PT WIJAYA KARYA (Persero) Tbk. [IDX: WIKA]

Contact:
Mahendra Vijaya
Sekretaris Perusahaan
Email: mahendra.v@wikamail.id
Website: https://www.wika.co.id/

Sisram Medical Ltd Announces 2021 Record Annual Results

Strong Performance Led by Synergistic Development of Four Main Business Lines Under One Ecosystem

Sisram Medical Ltd (the Company or Sisram, stock code: HKG 1696; together with its subsidiaries referred as the Group), a global consumer wellness group, featuring a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more, today announced its audited consolidated annual results for the year ended December 31, 2021 (the Reporting Period).

FINANCIAL HIGHLIGHTS

  • Revenue for the year ended December 31, 2021 was US$294.3 million, increased by 81.6% as compared to the revenue for the previous year.
  • Profit for the year ended December 31, 2021 was US$32.5 million, increased by 121.5% as compared to that for the previous year.
  • Net cash flows from operating activities for the year ended December 31, 2021 was US$32.4 million, increased by 25.8% as compared to that for the previous year.
  •  Significant growth in all regions, mainly in North America and APAC. Revenue in North America for the year ended December 31, 2021 was US$112.0 million, increased by 105.8% as compared to that for the previous year. Revenue in APAC for the year ended December 31, 2021 was US$85.2 million, increased by 95.3% as compared to that for the previous year.

BUSINESS HIGHLIGHTS

  • R&D investments increased by 42.3% YoY to US$15.6 million with 2 new products launched: “Alma Duo” and “Alma PrimeX”.
  • Continued the development of two new business lines – (i) Copulla – a new, innovative digital dentistry service; (ii) LMNT, a personal care brand, now launching a light-based skin rejuvenation home use device.
  •  The Group entered into a sub-license agreement with Fosun Industrial for the commercialization of “RT002” Injectable, the new generation of neurotoxins for medical aesthetics use. The Group’s existing injectables distribution operation, registered a revenue growth of 50.1% year over year.
  • The Group entered into an investment agreement at the amount of RMB 2.6 million for the establishment of Tianjin Xingsiyi, a research & development, technical services and supply operation for silk fibroin-sodium injectables and facial implant thread products.
  • The Group has acquired the entire share capital of Shanghai Foshion Medical System to further enhance its dental business line.
  • The Group purchased the remaining 40% equity interest in its Israeli distributor, Nova Medical. Upon completion, Nova Medical is a wholly-owned subsidiary of the Company, rebranded as Alma Israel.

FINAL DIVIDEND

  • The Board has resolved to declare a final dividend of HK$0.157 (inclusive of tax) per Share for the year ended December 31, 2021.

Business Growth Projection for 2022
Based on an increase in the demand for the Company’s products and the backlog of orders as of December 31, 2021, barring any unforeseen circumstances or material change in market conditions, the Group expects to record a significant growth in revenue of over 35.0% in the first half of 2022 as compared to the revenue recorded in the corresponding period in 2021.

Record results, strong subsidiaries performance, overall geographic performance uptake, continued investments in R&D and strong business development momentum In 2021, Sisram’s established global sales and distribution network recorded a total revenue of US$294.3 million for the Reporting Period, representing an increase of 81.6% when compared to 2020. All regions revenue increased substantially during the Reporting Period with North America demonstrating an increase of 105.8%, Asia Pacific with an increase of 95.3%, Latin America with an increase of 76.3%, Europe with an increase of 49.7% and Middle East & Africa with an increase of 45.2%.

The gross profit increased from US$90.3 million in 2020 to US$166.9 million in 2021, representing an increase of US$76.6 million. The gross profit margin in 2021 amounted to 56.7%, representing an increase of 1% compared to 55.7% in 2020. The establishment of direct operation offices in chosen territories has enabled the Company to shorten the supply chain, increase the average selling price, gain a higher brand visibility and ensure consistency among the communications with the target clientele. During 2021, revenue derived from direct sales has surpassed revenue derived from distributors with 62.0% attributed to the former and 38.0% to the latter.

For the Reporting Period, the Group recorded an adjusted net profit of US$40.3 million representing an increase of 100.0% when compared with the corresponding period of 2020. The adjusted net profit margin for the Reporting Period was 13.7%. The net cash flow from operating activities amounted to US$32.4 million, representing an increase of 25.8% when compared to 2020.

In 2021, Sisram continued its substantial R&D efforts, with 13% of corporate employees being R&D specialists. During the Reporting Period, R&D expense increased by 42.3% to US$15.6 million from US$11.0 million for the corresponding period in 2020. During the Reporting Period, the Group launched 2 new products, “Alma Duo” and “Alma PrimeX”, as well as expanded two business lines, “Copulla” – a new, innovative digital dentistry service, and “LMNT”, a personal care brand, now launching a light-based skin rejuvenation home use device.

Continued Investments in Digital Transformation and Production Ramp-up
In 2021, Sisram continued the development of its digital core architecture with vast investments in Information Systems and Digitalization, encompassing traditional ERP and CRM modules, IoT solutions for professional capital equipment, marketing automation and consumer access. Over the past 3 years (2019-2021), Sisram invested more than US$6.5 million in information systems, upgrading its ERP and CRM infrastructure, migrating to cloud-based systems to serve the entire growing and diverse eco-system and implementing new digital tools for Internal organization management, external engagement mechanisms between the organization and the market and cyber security.

On the operational front, Sisram focused on addressing the pandemic effect by investing in production ramp-up to accommodate the growing global demand and improve quality performances KPI’s such as FPY (First Pass Yield) and new platforms critical failure.

A Never-before-seen Synergistic Ecosystem Composed of 4 Pillars
Sisram’s Wellness Group is a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more.

As of 2021 Sisram is operating 4 business lines. The Medical Aesthetics business line, led by Alma, registered a revenue increase of 73.4%. The Injectables business line registered a revenue increase of 50.1% year over year. In 2021, Sisram integrated the activity of Shanghai Foshion Medical System into Sisram, while developing Copulla’s digital dentistry service. The Personal Care business line, LMNT by Sisram Medical, is a home-use brand, immersing the essence of wellness into consumers’ daily routine.

Looking forward, Mr. Liu Yi, Chairman and Executive Director of Sisram, said: “As a core member of Fosun Pharma’s medical device sector, as well as the core platform of Fosun’s ecosystem, we have always insisted on customer-centric philosophy and focused on technology and innovation, to continuously improve our product power and competitiveness to respond to the rapid development of the industry. In 2022, based on our charted strategy, we will continue to promote Sisram’s ecosystem, and steadily expand the product portfolio and ecological interoperability between Sisram’s ecosystem, Fosun Pharma’s medical device sector, and even Fosun’s greater ecosystem, so as to provide customers with advanced technologies and products through the enhancement of technological applications. We will also promote the sustainable and sound development of the industry by improving clinical applications. In addition, we shall meet the market demand of the aesthetic industry through our diversified product portfolio and market strategy.”

Mr. Lior Dayan, CEO of Sisram and Alma, said: “The Group’s efforts during 2022 will strategically focus on expanding direct operation in strategic markets to secure market access for both professional and consumer clientele, improve digital infrastructure and tools, drive awareness and preference to our global consumer brand and leverage it to globally introduce new products and services.”

About Sisram Medical Ltd
Sisram Medical Ltd (1696.HK) is a global consumer wellness group, featuring a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more. The company is majority held by Fosun Pharma, a leading healthcare group in China. Sisram Medical successfully went public on September 19, 2017, as the first Israeli company listed on the Hong Kong Exchange Main Board.

Sisram Medical – Enhancing Quality of Life
http://www.sisram-medical.com

BBGI PCL (SET: BBGI) Debuts Shares on the SET March 17

  • Aiming to be a leading bio-product group with green innovation and sustainability

BBGI PCL (SET: BBGI), a leader in the biofuel energy industry and creator of health-promoting high-value bio-products (HVP) for health and well-being, debuted its shares on the Stock Exchange of Thailand today under the symbol BBGI. Executives and financial advisers are confident investors will respond enthusiastically due to the company’s strong foundation as a market leader in bio-fuels and the HVP industry in ASEAN.

Mr. Kittiphong Limsuwannarot, Chief Executive Officer and President of BBGI, introduced shares on the SET for trading on March 17, 2022, under the symbol “BBGI”. He expressed confidence in the company’s business potential, based on its strong foundation as a leading producer and distributor of biofuels in Thailand with a 17-year experience, and major shareholders KSL and BCP, upstream and downstream business operators for ethanol and biodiesel products, supporting BBGI’s flagship biofuels business, and providing synthetic biology (SynBio) technology for the manufacture of HVP products to meet consumer trends in Health and Well-being in ASEAN.

M.L. Thongmakut Thongyai, Chief Executive Officer of Krungthai Zmico Securities Co., Ltd., as financial adviser and lead underwriter, says BBGI has a solid expertise in biotechnology derived from an integrated biofuels operation dealing with both ethanol and biodiesel. Advanced production technologies are used to enhance cost management efficiency and spur growth, he says. The company builds on its expertise in a way that helps it become a leading operator of High Value Bio-products (HVP) in Health and Well-being, which is a high-growth market with good gross profit rates. As such BBGI can be considered a company with strong business potential and opportunity for growth, and its shares will doubtless be appreciated by investors.

Corporate Communications Department
BBGI Public Company Limited
Tel: +66 2335 8826
Email: corp.comm@bbgigroup.com
Visit BBGI PCL at https://www.bbgigroup.com/en

BBGI PCL Equity [SET: BBGI] [RIC: BBGI:BK] [BB: BBGI:TB]
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Yuttachai Paikonahok (Tle), T: +66 91 736 2866; E: yuttachai.p@mtmultimedia.com