Category: Food & Beverage

TJI FY2023 Annual Revenue Up 14.0% to HK$2,594.6 million Driven by Well-Managed Expansion Plan

Solid Foundation Laid for Capturing Business Opportunities from Market Recovery

Tam Jai International Co. Limited (TJI or the Company, and together with its subsidiaries, the Group; HKG: 2217), a leading and renowned mixian-specialised fast-casual restaurant chain, today announced its annual results for the year ended 31 March 2023 (FY2023). Revenue of the Group achieved solid growth of 14.0% to HK$2,594.6 million, driven by the implementation of a prudent yet well-managed expansion plan that saw the opening of 40 new restaurants across Hong Kong, Mainland China, Singapore, and Japan.

Highlights
Expanded with prudence in FY2023
— Revenue achieved solid growth of 14.0% to HK$2,594.6 million with the implementation of a well-managed expansion plan
— Revenue from Mainland China and overseas markets increased notably by 165.2%
— As at 31 March 2023, the Group had 215 self-owned restaurants across Hong Kong, Mainland China, Singapore and Japan, a net increase of 40 restaurants year-on-year

On the road to market recovery
— Hong Kong market is picking up gradually as evidenced by the improvement in comparable restaurants’ revenue performance from the first half of FY2023
— Gradual improvement in the financial performance of the Mainland China market was seen in the last quarter of FY2023 since the lifting of social distancing measures and border restrictions
— Targets to open approximately 50 new restaurants across regions in FY2024, as the Group has accelerated the process of resuming the expansion plan in the Greater Bay Area (GBA) in Mainland China while looking to expand into the western market

Profit of the year was HK$141.0 million in FY2023 (FY2022: HK$203.0 million). Basic earnings per share were HK10.5 cents (FY2022: HK17.5 cents). The Board has resolved to recommend a final dividend of HK 10.5 cents per share (FY2022: HK11.4 cents).

Hong Kong Business Picking up Gradually
During the first three quarters of FY2023, TJI’s business performance in Hong Kong was inevitably impacted by the lingering effect of the 5th wave of the COVID-19 pandemic and the related social distancing measures, in addition to the adverse consumer sentiment due to the economic downturn and the increasing operating costs caused by inflation. Nonetheless, as it entered the last quarter of FY2023 with the lifting of all social distancing measures and the reopening of the border, the Group’s Hong Kong business started picking up gradually, as evidenced by the improvement in comparable restaurants’ revenue performance from the first half of FY2023.

During FY2023, the Group opened 20 new restaurants in Hong Kong across shopping malls, and commercial and residential areas, which should complement its existing network and lay a solid foundation for further recovery in FY2024.

Strategic International Expansion
In Mainland China, the Group’s business was severely impacted by the strict COVID-19 measures and lockdowns in major cities during the year. Nonetheless, financial performance in the last quarter of FY2023 gradually improved since the lifting of social distancing measures and border restrictions. Upon reflecting on the uncertainties over COVID-19, the Group carefully reviewed its pipeline and has since refined its expansion strategy by accelerating the penetrations into the tier 2 cities in the GBA, where operating costs are lower and competition is less severe.

In Singapore, despite the challenge of local labour shortage in the second half of FY2023, the average daily number of bowls served per seat for FY2023 increased by 32.1% year-on-year to 3.7 (FY2022: 2.8). With the openings of six new restaurants, revenue in Singapore reached HK$64.2 million, representing a 149.8% year-on-year increase when compared with FY2022. During FY2023, the Group cooperated with a food delivery platform in Singapore as the additional food aggregator, enabling it to expand its customer base in new areas. With the aim to strike a balance in maintaining staff cost control, reasonable capital expenditure investment and growth momentum, the Group also explored alternative models, such as the express model, to boost operational efficiency.

With regards to Japan, the Group completed the first phase of the market entry by opening two new restaurants during FY2023. During the year, the Group focused on establishing products and service quality, improving operational efficiencies and nurturing its brand culture internally, and building brand awareness and understanding of the market. It will continue its adaption to the local culture and preferences while exploring new sales channels and enhancing operational efficiency.

Digitalisation
In its ongoing pursuit of operational excellence, TJI has made significant investments in digital technology, with a focus on enhancing efficiency throughout its operations. Notably, the Group launched the first phase of its Customer Relationship Management (“CRM”) system for both TamJai Yunnan Mixian and TamJai SamGor Mixian brands in the third quarter of FY2023. Within a few short months, approximately 450,000 unique members were successfully acquired, a testament to the effectiveness of the Group’s digital transformation strategy. Moving forward, the Group will further enhance the features of its CRM and mobile apps to improve operational excellence and the overall customer experience.

Robust Supply Chain Management
In response to the global price hike on food costs, TJI has expanded its supplier network and increased the proportion of direct and localised food supply, which can effectively lower the transportation cost and lead time as well as minimise the risk of logistic disruption. It has also partnered with selected original equipment manufacturer suppliers in the regions it operated for bulk purchases, to strengthen its cost and supply chain control. Besides, the development of new products and combo menus was in full swing, leading to up-selling opportunities to mitigate increasing costs. The Group is also looking to improve its Supply Chain Management (SCM) system flow further and invest in automation technologies, in order to enhance its operational efficiency and strengthen its grip on the supply chain to support its future expansion.

Sustainable Development
The challenges the Group faces have not distracted it from its focus and commitment to delivering its environmental, social and governance (ESG) commitments. The Group has set up the “Tam Jai Goodness Trust” to support various initiatives under its three ESG pillars: “Nourishing Communities”, “Uplifting People”, and “Preserving Nature”. The TJI Education Support Scheme, “Go Green” menu, “TamJai Che Che” and the charitable NFT project earned recognition from both the public and its staff. In addition, the Group held a Sustainability Week to enrich the ESG knowledge of its employees and encourage them to embed sustainability into daily business.

Prospects
As a key revenue and profit driver, TJI’s business in Hong Kong is expected to continue the recovery brought forward from the last quarter of FY2023 when all border restrictions and social distancing measures were lifted. Committed to sustaining its prominent brand value in the city, the Group will continue to devote great amounts of resources to enhance its product and service qualities and deliver exceptional dining experiences through its digitalisation journey and innovative product development.

With regards to the Mainland China market, the Group is confident that the revenue performance will improve after the border re-opening and the relaxation of COVID-19 restrictions, as demonstrated by the notable improvement in the last quarter of FY2023. It has accelerated the process to resume its expansion plan in the GBA region and will implement various marketing campaigns to capture the opportunities from the stabilising economy in FY2024.

The Group also looks to advance its business operations in Singapore and Japan, enhancing operational efficiency and service quality while adapting its brand to the local markets.

On top of its existing presence, TJI will look to expand into other potential markets, such as the western market, to broaden its business footprint further and derive greater synergies and efficiency. It will explore the possibility of strategic collaborations with local partners to help tap into those markets, by leveraging their local experience and resources. It is targeting to open approximately 50 new restaurants across regions in FY2024.

Mr. Daren Lau, Chairman, Executive Director and Chief Executive Officer of TJI, said, “Over the past few years, we have shown a high sense of agility in our operations to cope with the uncertainties, and demonstrated our commitment to investing into brand building and systems enhancement to optimise our business processes. Now as we see light at the end of the tunnel, with the solid foundation we have established, we are more than prepared for the business opportunities on the road to market recovery.”

About Tam Jai International Co. Limited (HKG: 2217)
TJI has been listed on The Stock Exchange of Hong Kong Limited (HKG: 2217) since October 2021. It is one of the largest and most popular fast-casual restaurant chains and the No.1 Asian noodle specialty restaurant operator in Hong Kong.* It primarily operates the TamJai Yunnan Mixian and TamJai SamGor Mixian brands, with operations in Hong Kong, Mainland China, Singapore and Japan. As of 31 March 2023, the Group operated a total of 215 restaurants. With the first TamJai Yunnan Mixian restaurant and the first TamJai SamGor Mixian restaurant opened in 1996 and 2008 in Hong Kong respectively, it has pioneered and popularised the new mixian trend in Hong Kong.

*In terms of both revenue and the number of restaurants in 2020, according to Euromonitor

Moolec Science Secures Up to $50 Million in Committed Equity Financing With Nomura

Moolec Science SA (NASDAQ:MLEC) (Company; Moolec), a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, announced today it has entered into a Share Purchase Agreement (Agreement) with Nomura Securities International, Inc. (Nomura).

The Agreement provides for a committed equity financing facility under which the Company has the option, but not the obligation, to sell up to the equivalent of $50 million in aggregate gross purchase price of its ordinary shares to Nomura over a 36-month period, subject to the terms of the Agreement. The Company intends to use the proceeds from any future sales of securities under the financing facility, if it is utilized, for general corporate purposes.

“We are pleased to partner with Nomura and secure this financing facility,” said Jose Lopez Lecube, Moolec Science’s Chief Financial Officer. “This new understanding provides Moolec with enhanced financial flexibility to continue driving forward our Molecular Farming Platform and portfolio of products,” he concluded.

Further details are contained in a Current Report on Form 6-K that was filed with the Securities and Exchange Commission today.

About Moolec Science SA
Moolec is a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, a disruptive technology in the alternative protein landscape. Its purpose is to upgrade the taste, nutrition, and affordability of alternative protein products while building a more sustainable and equitable food system. The Company’s technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like safflower, soybean, and pea. Moolec has a growing international patent portfolio (23, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit www.moolecscience.com.

Forward-Looking Statements
This press release contains “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec Science S.A. (“Moolec”) are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec’s business and other risks and uncertainties, including those included under the header “Risk Factors” in the Form F-1 Registration Statement filed with the U.S. Securities and Exchange Commission (“SEC”), as well as Moolec’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information
Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Martin Taraciuk
Investor Relations
ir@moolecscience.com

Michael Bowen
ICR, LLC
moolecir@icrinc.com

Related Files
Moolec Science Secures up to $50 Million Dollars in Committed Equity Financing with Nomura – 2023.04.17.pdf
https://cdn.newswire.com/files/x/a8/e1/bf62a363bcdd61ad9685397e5d2a.pdf

SOURCE: Moolec Science

Spritzer EcoPark Lights Up for Raya

SPRITZER EcoPark is kicking off the Hari Raya festivities with the theme “Raya, Mestilah Meriah!” and welcomes all nature lovers to the pristine 390-acre Spritzer landbank to take a stroll around the green spaces while enjoying themselves with their families and friends.

Spritzer EcoPark will light up from now until 22 May 2023 to welcome visitors from near and far while festive decor with a modern flair but reminiscent of “balik kampung” memories greet them as they spend time with loved ones and take photos for keepsakes. In keeping with Spritzer’s sustainability initiatives, recycled bottles will feature as part of the decorations continuing to bring people together to appreciate nature and its important role in sustainability and clean water sources.

To enliven the festive occasion, from 21 April to 30 April 2023, Spritzer EcoPark will have pedal kart rides, mini golf, crafting with recycled materials, outdoor giant bubble as well as snacks and drinks. A highlight for drinks is the newly added Sparkling Nanas Laici, a recipe specially created by Khairul Aming and approved by Spritzer ambassadors and local artiste Ayda Jebat and Meerqeen, will be available during the Hari Raya festivities.

As part of the Spritzer Sparkling campaigns, those who purchase two 1-litre bottles of Spritzer Sparkling will get two golden stirrers for free. There will also be other Spritzer products and combo pack promotions.

Spritzer wishes all Selamat Hari Raya, Maaf, Zahir dan Batin!

Image Download Link: https://www.dropbox.com/scl/fo/2qzavx2t1zrwqit3sb1ya/h?dl=0&rlkey=0om1z0sws2e43l5ic5umufu0m

About Spritzer Bhd

Spritzer Group of Companies comprises a total of eight business subsidiaries, specialising in manufacturing and distribution of natural mineral water, sparkling natural mineral water, distilled drinking water, non-carbonated fruit flavoured drink and carbonated fruit flavoured drink. The company has been in operation for more than 30 years, and is the country’s largest, and only listed bottled water producer. For more information, please visit www.spritzer.com.my.

Spritzer Bhd: [Bursa: SPRITZER; 7103] [RIC: SPTZ:KL] [BB: SPZ:MK] [OTC: SPZRF], https://www.spritzer.com.my

Moolec Science Acquires Food Ingredient Capabilities to Consolidate Molecular Farming Technology

Moolec Science SA (NASDAQ:MLEC; Company; Moolec), a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, announced today the acquisition of plant-based food ingredient capabilities dedicated to the production and commercialization of functional soy proteins. This will help to accelerate Moolec’s growth in the food ingredients industry by expanding its commercial network with a top-notch sales team and complementing its Molecular Farming Platform with industrial capacity, downstream operations, and a highly experienced team of professionals.

“This strategic decision accelerates our business plan’s execution by combining existing commercial and manufacturing capabilities in different geographies, with the deep-science approach of our Molecular Farming Platform. As a result, Moolec is well-positioned to accelerate its sales ramp ahead of schedule starting in the 2023/2024 period with estimated revenues in the range of $6 million,” said Jose Lopez Lecube, Moolec Science’s Chief Financial Officer.

These Food Ingredient Capabilities resulting from the integration of ValoraSoy include state-of-the-art industrial facilities with a processing capacity of 10,000 tons strategically located in one of the main Argentine soybean corridors; a team of technicians, engineers, agronomists, and plant-based professionals; and commercial channels in more than 14 countries on three different continents. Soy-based protein ingredients are manufactured using several extrusion technologies and processes which yield ingredients with texture and fibrousness similar to meat. These solutions are utilized in several end products such as hamburgers, sausages, and other plant-based products in the traditional and alternative food industries, industrially and commercially complementary with Moolec’s Molecular Farming pipeline.

Henk Hoogenkamp, Chief Product Officer and co-founder of Moolec, declared, “We believe plant-based technologies and Molecular Farming taken together have the power to contribute towards global food security. Moolec is developing the plant-proteins of the future by using highly efficient high-protein crops, in this case soybeans, to produce a wide variety of proteins naturally found in animals. Combining these crops with ValoraSoy’s capabilities, we can accelerate our technology rollout but also specifically target certain solutions by incorporating real-time feedback from existing customers around the globe. Leveraging this position, we can consolidate our Molecular Farming platform and lower the cost of protein-rich foods as we drive functionality, nutrition, and affordability for the up-and-coming economies of the world,” he finished.

The transaction contemplates acquiring 100% of ValoraSoy in exchange for $6 million, of which ~$2.5 million is paid in cash, and the rest is paid with Moolec’s shares in three years based on vesting and business metrics. Pursuant to the share purchase agreement, the Company will retain a portion of the purchase price for a period of 12 months after signing of the transaction documents. The payment in shares is subject to vesting and the achievement of business milestones over a period of three years.

Moolec will give a Business Update in Mid-May to review the overall progress of the Company and the most recent events. For more information on ValoraSoy, click here. https://pr.report/vDljhCca

About Moolec Science SA
Moolec is a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, a disruptive technology in the alternative protein landscape. Its purpose is to upgrade the taste, nutrition, and affordability of alternative protein products while building a more sustainable and equitable food system. The Company’s technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like safflower, soybean, and pea. Moolec has a growing international patent portfolio (23, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit www.moolecscience.com.

Forward-Looking Statements
This press release contains “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec Science S.A. (“Moolec”) are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec’s business and other risks and uncertainties, including those included under the header “Risk Factors” in the Form F-1 Registration Statement filed with the U.S. Securities and Exchange Commission (“SEC”), as well as Moolec’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information
Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Martin Taraciuk
Investor Relations
ir@moolecscience.com

Michael Bowen
ICR, LLC
moolecir@icrinc.com

Related Files
https://cdn.newswire.com/files/x/2e/4f/a161cc02bf67fbb809ea3bc328f3.pdf

PT Resources Posts 32% Gain in 3Q Revenue to RM115.4 Million

  • Company to grow domestic market through opening more MO Foodmart(TM) outlets while strengthening access to channel partners and at the same time, increase supply to China

PT Resources Holdings Berhad, a processor and trader of frozen seafood products, and trader of other food products, today announced that the Company’s revenue increased 32.0% to RM115.4 million for the third quarter ended 31 January 2023 (3Q FY2023) compared with RM87.4 million in the corresponding quarter of the previous financial year (3Q FY2022).

Managing Director of PT Resources, Heng Chang Hooi

For the quarter under review, the Company’s gross profit (GP) gained 58.1% to RM15.3 million compared with RM9.6 million in 3Q FY2022 while profit before tax (PBT) decreased by 55.4% to RM2.1 million. On a segmental basis, the processing and trading of frozen seafood products business contributed revenue of RM108.8 million in 3Q FY2023 while the trading of other products business contributed revenue of RM6.6 million. By geographical market, Malaysia contributed revenue of RM57.7 million while overseas markets comprising China and Saudi Arabia contributed revenue of RM57.7 million.

For the nine months ended 31 January 2023 (9M FY2023), the Company’s revenue increased 29.3% to RM356.1 million compared with RM275.4 million in 9M FY2022. GP increased 35.6% to RM42.3 million in 9M FY2023 compared with RM31.2 million in the corresponding period of the previous financial year while PBT increased 7.5% to RM18.3 million compared with RM17.0 million. For the 9M FY2023, there was also an 84.0% increase in administrative expenses to RM23.9 million due to one-off expenses resulting from listing expenses of RM4.0 million, an unrealised loss of RM4.6 million from foreign exchange volatility in 3Q FY2023 and, increase in staff costs of RM1.3 million.

Managing Director (MD) of PT Resources, Mr. Heng Chang Hooi said, “Over the longer term, we are optimistic for growth but in the short term, there are challenges arising from cost pressures that has affected our operations directly and indirectly while foreign currency volatility has also impacted profitability. We are committed to growing our market domestically through strengthening access to channel partners and opening up more of our MO Foodmart outlets locally while in the overseas markets, we are planning to increase supply to China.”

“The Company’s financial performance for the quarter was mainly due to an increase in domestic demand with the reopening of the economy while the increase in overseas demand was due to a rise in orders from existing customers in China in anticipation of higher demand for frozen seafood following the relaxation of COVID-19 quarantine rules.”

PT Resources Holdings Bhd: 0260 [BURSA: PTRB], https://www.ptresourcesgroup.com.my/

Surprise Inside Chocolate Company Hatches Baby Animal Series Just in Time for Easter

Yowie World is about to get a whole lot cuter! Just in time for Easter, Yowie, the surprise-inside confectionary company unveiled its eighth series – Baby Animals! The series comes pre-approved by fans who voted it the most requested theme. The Baby Animals series highlights the vulnerability of young, endangered wildlife, while demonstrating the fascinating differences between the baby and adult stages of different species.

“I’m exceptionally happy to launch this fan-requested series,” says Cynthia Thayer, the Chief Marketing Officer of educational chocolate brand, Yowie. “We asked our fans in the U.S. and Australia what types of endangered animals they most wanted to collect and learn about, and their answer was loud and clear, so this newest series features endangered baby animals from all over the globe. And the cuteness factor is off the charts!”

The 18-animal series will include:
– Southern Cassowary Kitten
– Short-beaked Echidna Puggle
– The Loggerhead Sea Turtle Hatchling
– Yellow Bellied Glider Joey
– An extra-rare mystery animal
– And many more adorable endangered and vulnerable baby animals from around the world.

WHERE TO BUY

The series is already appearing in retail outlets across Australia including Woolworth’s, IGA, Big W, The Reject Shop, Kmart.

EDUCATIONAL, FUN AND DELICIOUS OPTION FOR THE EASTER BASKET

As with previous series, the new Yowie branded endangered Baby Animal collectables come with a leaflet containing facts about the animal wrapped inside Yowie’s delicious, sustainably sourced, Rainforest Alliance Certified chocolate containing no GMOs, palm oil, gluten, nuts or artificial colors and flavors. The leaflet includes a QR code leading to even more fun, educational and interactive content on YowieWorld.com.

New for this series, you can also download a customizable birth certificate for your new bundle of joy at YowieWorld.com plus a poster to keep track of every baby animal you collect! Yowie’s website is a one-stop shop for an extensive cache of activities that will keep kids mentally engaged at home and in class all year long! It is a treasure trove of creative resources for both parents and teachers alike.

Explore more of the wonderful world of Yowie on Facebook or look for @YowieWorld on Instagram and TikTok. You can also find easy, interactive, and educational craft projects and games on Yowie’s YouTube channel and on Pinterest.

About Yowie

Yowie is best known for its flagship product, the Yowie surprise-inside chocolate. Each 3D Yowie chocolate is molded in the shape of the Yowie (i.e., bigfoot) characters (“yowie” is the Australian term for bigfoot or sasquatch) and contains limited-edition collectible animal toys and a full-color leaflet featuring a picture of the real-life animal, its profile and level of endangerment.

The 6 clever and charismatic Yowie (aka, bigfoot) characters, Rumble, Ditty, Squish, Crag, Boof and Nap, are here to teach us about endangered animals, their habitats, and all the reasons why it’s important to protect these animals in the wild.

Yowie’s social media channels and website allow collectors to learn more about the animals and their world while having loads of fun through games and competitions. The combination of tasty, clean-label treats, fun animal toys and a digital platform encourages kids to learn about the natural world and understand its need for protection. For more information visit www.yowieworld.com.

Contact:
Devin Mainville
devin@kmkmedia.com
(779) 221-3764

SOURCE: Yowie Group

PT Resources Signs MoU for an International Supply Chain Intelligent Park that Integrates Digital Technology

  • Company teams up with Ocean Exchange to develop Malaysia East Coast International Supply Chain Intelligent Park and Digital Financial Comprehensive Platform Project

PT Resources Holdings Berhad, a processor and trader of frozen seafood products, and trader of other food products, is pleased to announce that the Company has signed a memorandum of understanding (MoU) with Ocean Exchange (Fujian) Foreign Trade Services Co. Ltd to establish cooperation between the two parties for the joint development of the Malaysia East Coast International Supply Chain Intelligent Park, which is inspired by the Marche International Cold Logistics and Cross-border E-commerce Project (Fuzhou Park) located in Fujian province, China.

MoU Signing Ceremony
YB Dato’ Mohamad Nizar bin Dato’ Sri Mohamad Najib

The project, which facilitates bilateral trade between Malaysia and China through Fuzhou, China is estimated to be worth RMB1.562 billion (or approximately RM1 billion). The project involves the establishment of an International Supply Chain Intelligent Park in Kuantan, Pahang, which is intended to drive the development of food and light industries supply-chain between Malaysia and Fuzhou with the aim of rapidly achieving currency internationalisation between the two countries.

The International Supply Chain Intelligent Park will encompass amongst others, integrated cold chain facilities to facilitate cross-border supply of consumer food as well as establish a digital financial platform utilising the UnionPay network to streamline and facilitate effortless cross-border payments and settlements between the International Supply Chain Intelligent Park and Fuzhou Park. In addition, the project also aims to boost the trade between the Malaysian seafood wholesale market and China through digital transformation, whilst collaborations with cold chain logistics companies will be initiated to facilitate an integrated logistics supply chain.

The Managing Director of PT Resources, Mr. Heng Chang Hooi said, “This is an excellent opportunity for both countries to develop a logistics hub to support international trade between Malaysia and China. We expect the project to strengthen the supply chain between Malaysia and China as well as be beneficial to the end consumers.”

“In addition, we expect a growth in our overseas sales in view of the growing affluence in China which will contribute to an increase in demand for frozen seafood in China.”

Member of the Pahang State Executive Council, YB Dato’ Mohamad Nizar bin Dato’ Sri Mohamad Najib said, “We commend the governments of Malaysia and China for their foresight in ensuring that businesses in both countries run their operations seamlessly through the project. We believe these initiatives could attract both domestic and international investors and businesses. China remains as one of Malaysia’s top trading partners and it is vital to have a hub to facilitate international trades between both countries.”

The MoU was signed by PT Resources’ MD, Mr. Heng Chang Hooi and Ocean Exchange representative, Mr. Richard Gan Woei Jer. Witnessing the MoU signing were Fujian province’s Member of the Standing Committee, Fuzhou secretary Lin Baojin; Deputy Speaker of the Dewan Rakyat, YB Alice Lau Kiong Yien; Member of the Pahang State Executive Council, YB Dato’ Mohamad Nizar bin Dato’ Sri Mohamad Najib; Chinese Embassy Minister-Counselor, Lin Shiguang; and Fuzhou Deputy Mayor, Huang Jianxiong.

Image 1: MoU Signing Ceremony
[L-R]
Host:
1. Wu Yongzhong, Fuqing Mayor
Standing:
1. Huang Jianxiong, Fuzhou Deputy Mayor
2. Lin Baojin, Fujian province’s Member of the Standing Committee, Fuzhou secretary
3. YB Alice Lau Kiong Yien, Deputy Speaker of the Dewan Rakyat
4. Lin Shiguang, Chinese Embassy Minister-Counselor
5. YB Dato’ Mohamad Nizar bin Dato’ Sri Mohamad Najib, Member of the Pahang State Executive Council
Seated:
1. Liangyong, Representative of Minqing County Government
2. Temenggong Datuk Vincent Lau Lee Ming, Representative of KTS Group
3. Heng Chang Hooi, Managing Director of PT Resources Holdings Berhad
4. Richard Gan Woei Jer, Representative of Ocean Exchange (Fujian) Foreign Trade Services Co. Ltd
( https://www.acnnewswire.com/topimg/Low_PTResources202302271.jpg )

Image 2: YB Dato’ Mohamad Nizar bin Dato’ Sri Mohamad Najib
1. YB Dato’ Mohamad Nizar bin Dato’ Sri Mohamad Najib, Member of the Pahang State Executive Council
( https://www.acnnewswire.com/topimg/Low_PTResources202302272.jpg )

PT Resources Holdings Bhd: 0260 [BURSA: PTRB], https://www.ptresourcesgroup.com.my/

Want to Inspire Your Students to Make the Grade? Surprise Them with a Yowie!

  • A delicious and educational jumpstart to the new year.

Teachers, are you looking for a way to welcome your class to an excellent new school year? Let Yowie help!

The delicious, surprise-inside chocolate is the perfect way to start the new school year off right! Yowie World is looking to reward six lucky classes with 3 free boxes of Yowie! To enter the contest, just fill out your contact information at https://yowieworld.com/teacher-competition/. The winner will be drawn on February 16, 2023.

Yowie Surprise-Inside Chocolate is made with 100% milk chocolate, sustainably sourced and Rainforest Alliance Certified and contains no GMOs or nuts – making it the perfect treat for the whole class! Yowie can be found at Coles supermarkets nationally, as well as IGA, Woolworths, Big W, The Reject Shop, and Kmart. Find Yowie near you at https://yowieworld.com/collect/#wheretobuy.

The best part? When you use Yowie in the classroom, a teacher’s science lesson for the day has a hands-on component. Each Yowie chocolate treat contains a life-like endangered animal collectible and comes with an informational leaflet inside, full of interesting facts about the hand-painted collectible. A treat and a science lesson in one! Plus, if you visit YowieWorld.com/Activities you’ll find an impressive hub of teacher-approved activities that are perfect for new semester fun!

Who are the Yowie? They include six characters: Rumble, Boof, Squish, Nap, Ditty and Crag. Each Yowie is responsible for protecting a different animal habitat and are friends with all the animals who live there. The Yowie are ALWAYS ready to jump into action to come to the defense of wild animals and the habitats they protect. Learn all about the Yowie at YowieWorld.com.

Explore more of the wonderful world of Yowie on Facebook, or look for @YowieWorld on Instagram. You can also find easy, interactive, and educational craft projects and games on Yowie’s YouTube channel and on Pinterest.

About Yowie
Yowie is best known for its flagship product, the Yowie surprise-inside chocolate. Each Yowie product is created in the shape of the Yowie characters and contains limited-edition collectible animal toys and a full-color leaflet featuring a picture of the real-life animal, its profile and level of endangerment. Yowie’s social media channels and website allow collectors to learn more about the animals and their world while having loads of fun through games and competitions. The combination of tasty, clean-label treats, fun animal toys and a digital platform encourages kids to learn about the natural world and understand its need for protection. For more information visit www.yowieworld.com.

Contact:
Devin Mainville
devin@kmkmedia.com
(779) 221-3764

SOURCE: Yowie Group

Spritzer Ecopark Transformed to Colourful Spring Overnight

Say goodbye to the snowy white winter wonderland and hello to the colourful florals of spring as SPRITZER ushers the Year of the Rabbit by transforming Spritzer EcoPark through their creative use of Spritzer bottles repurposed to welcome the lunar new year traditions with a modern flare.

Be greeted by a striking 28-foot tree partially created from thousands of recycled Spritzer bottles while walking through a garden of eye-popping playful pink and radiant red peonies signalling the coming of spring from now to 5 February, including New Year Day itself on 22 January. Ring in the Year of the Rabbit celebrations with Spritzer as a traditional lion dance will be held on 26 January to bring good luck and fortune for the auspicious new year.

Capture those Instagram-able moments as you step back in time at a traditional Chinese ancient house, stroll into a gorgeous tunnel ringed by flowers also partly created from Spritzer bottles, visit a domed house decorated with exquisite opulent ornaments and stop by the beautiful gazebo – perfect for photo opportunities for a lifetime.

All are welcome and admission is free. Visitors who spend at least RM10 at the souvenir shop and water shop will receive Spritzer angpow packets. Remember to keep the receipts as Spritzer water products purchased will let you enter “The SYOK Goes On With Spritzer” online contest for a chance to win RM100,000 of gold bars and other SYOK prizes.

In line with the Company’s values, Spritzer encourages recycling and repurposing. The Company continuously strives to incorporate sustainability into every aspect of its operations, from bottles, labels and its people. Join Spritzer by incorporating recycling into your 2023 and beyond.

Spritzer hopes to continue welcoming everyone in a safe manner. Please plan your time and have a fun-filled experience at Spritzer EcoPark this coming Year of the Rabbit!

Spritzer Bhd: [Bursa: SPRITZER; 7103] [RIC: SPTZ:KL] [BB: SPZ:MK] [OTC: SPZRF], https://www.spritzer.com.my

Hong Kong International Wine & Spirits Fair opens today

  • The event presents specialty wines from vintners across the globe and business opportunities for industry players

Organised by the Hong Kong Trade Development Council (HKTDC), the 14th HKTDC Hong Kong International Wine & Spirits Fair (Special Edition) opened today and will run for two days (10 and 11 January) at the Hong Kong Convention and Exhibition Centre (HKCEC). This year’s Wine & Spirits Fair is the HKTDC’s first wine event bringing tasting sessions back after a pause during the COVID-19 pandemic. The two-day physical fair is only open to industry buyers and business matching meetings will be set up onsite between buyers and exhibitors to deepen business relationships and open more prospects in the sector.

The 14th HKTDC Hong Kong International Wine & Spirits Fair opened today and continues for two days (10 and 11 January) at the Hong Kong Convention and Exhibition Centre.
Local and international trade associations and government organisations participating in our fair with their own pavilions at the fairground, presenting a range of exquisite wines.
The first certified kosher Czech whisky is made with the best local ingredients and diluted with local spring water.

HKTDC Deputy Executive Director Sophia Chong said: “For the first time since its launch in 2008, the Wine & Spirits Fair is held in January to kick off the wine industry event season in 2023, offering plenty of opportunities for buyers and exhibitors to give their business a boost in the new year. The fair features more than 100 local and international exhibitors, showcasing their fine wine, liquor, baijiu, beer, sake and other alcoholic beverages from around the world, including Argentina, Australia, Mainland China, France, Hong Kong, Italy, Japan, Scotland and the United States. Local and international trade associations and government organisations participating in our fair with their own pavilions at the fairground, include the Hong Kong Wine and Spirits Association (HKWSA), Hong Kong General Chamber of Wine & Spirits (HKGCWS), Craft Beer Association of Hong Kong (CBAHK), Beverage and Food Community (BNFC), National Tax Agency Japan and Fukuoka Prefectural Government.”

According to the latest wine industry data from the International Organization of Vine and Wine (OIV), as of 2021, the mainland was the world’s seventh-largest wine consumer. Hong Kong started its zero-wine duty policy in 2008 and has since become the first free wine port among major economies, boosting wine imports. Hong Kong and the mainland also signed a cooperation agreement in 2010 to facilitate customs clearance for wine exported from Hong Kong to the mainland. Since November 2017, these measures have been extended to every port in the 42 mainland Customs Districts, further fortifying Hong Kong’s position as Asia’s wine trading and distribution hub. The value of Hong Kong’s wine exports for 2021 reached HK$1.595 billion (US$204 million), a 77% year-on-year rise. Most exports in Hong Kong are re-exports of imported wines, with Asia the major market. The mainland and Macao, which together accounted for nearly 66% of 2021 exports, are the major destinations for Hong Kong. In addition, Hong Kong is the third-largest sake export market after the US and mainland.

Tradition and technology combine for fine winemaking

Overseas and local exhibitors exhibit a variety of fine wines at the Wine & Spirits Fair. Rymill Coonawarra from Australia (booth: S425-03A) brought the 2018 Classic Cabernet Sauvignon from the Coonawarra region in Australia, which is made with carefully selected locally grown Cabernet Sauvignon, aged in French oak barrels. This wine was given a high rating of 95 points by Jane Faulkner in the Halliday Wine Companion 2021; Hong Kong Beer Co., Ltd. (Booth: S423-01) at the CBAHK pavilion presented locally brewed NO LIMITS PALE ALE beer, which is loaded with premium Cryo Pop, Citra, Idaho 7, and Azacca hop cultivars to achieve maximum citrus and tropical fruit flavours and aromas. The Hong Kong local beer has won Silver Medal, Brussels Beer Challenge 2022 and Bronze Medal, International Beer Cup 2022.

Specialty wines from rare production regions highlight unique flavours
At the HKWSA Pavilion, PD Jemmuelson Ltd (Hong Kong) (booth: S226-05) displayed Yuchun Junmai Sake from Taiwan, made with domestic top-grade penglai rice under “pure rice brewing”, presenting the flavour of Taiwan; T’z Limited (Hong Kong) (booth: S222-08) at the HKGCWS pavilion presented Trebitsch Single Malt Whisky, the world’s first Czech single-malt with international kosher quality certification. Trebitsch is first and only company in the Czech Republic that specialises in whisky production. The whisky is made with the best local ingredients and diluted with local spring water.

Grasping the health trend and reshaping tastes
Arrive Sake Gold (Junmai Daiginjo) demonstrated by TANAKA Shuzoten Inc. (Japan) (booth: S421-15), an exhibitor at the Japan pavilion, is a rare vegan-certified Japanese sake. It is made with luxurious Yamada-Nishiki, the highest grade of sake rice produced in Hyogo Prefecture. The sake has a gentle and full-bodied ginjo aroma; Katsuya Syuzo Partnership Company (Japan) (booth: S428-02) of Fukuoka pavilion presents Honoka sake, light and easy-to-drink, meeting the needs of young people and women who prefer a light taste.

Fine wines from around the world
Local exhibitor Everrise International Trading Co Ltd. (booth: S422) exhibits Kweichow Moutai, the state guest baijiu that is highly sought after in the mainland market. The baijiu has won a number of international awards and has gradually become a new hot pick among consumers. The other local exhibitor, Hong Kong Craft Distilling Co. Limited (booth: S423-03), featured 100% locally brewed N.I.P Rare Dry Gin distilled from 21 different types of traditional gin herbs and raw ingredients with distinctive Hong Kong flavours.

Events and seminars to promote industry exchanges
A series of exciting activities will be arranged, including Hong Kong Wine Industry Outlook 2023 (With HKWSA); Taking off: A Flight of Local Beer and Cider (With CBAHK); Insider’s Guide to Wine Authentication (With HKGCWS); Mystic Island Winery – An Exceptional Chinese Vineyard (With Wine & Spirits) introduces fine wines from Yantai, Shandong; and the 4th Miss SAKE Hong Kong Inauguration Ceremony to promote exchanges between industry players.

Websites
– Wine & Spirits Fair: http://hkwinefair.hktdc.com/
– Product highlights and photo download: https://www.hktdc.com/event/hkwinefair/en
– Photo download: https://bit.ly/3k8PPfu

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

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:
Kate Chan, Tel: +852 2584 4239, Email: kate.hy.chan@hktdc.org
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org