Category: Media OutReach NewsWire

HONG KONG SAR – Media OutReach Newswire – 26 June 2024 – Hongkong Land today announced “Tomorrow’s CENTRAL”, its upcoming plan to invest over US$400 million (HK$3.1 billion) to expand and upgrade its LANDMARK retail portfolio over a three-year period, with phase one commencing in the third quarter of 2024. Additional capital investments of an estimated US$600 million (HK$4.7 billion) will be made by Hongkong Land’s retail tenants across the LANDMARK portfolio in the design and creation of new offerings. As part of the transformation project, 10 world-class, multi-storey Maison destinations will be created, establishing a unique luxury retail proposition, both in Hong Kong and globally.

Hongkong Land is making this strategic investment to meet its luxury tenants’ demand for significant additional retail space and enhanced brand representation in the heart of Central, Hong Kong. The Maison destinations will be some of the largest anywhere in the world, providing exceptional services and amenities to LANDMARK’s deep pool of loyal and discerning clients. The Group’s investment and the substantial investment from its strategic retail tenants underscores LANDMARK’s, Central’s and Hong Kong’s continuing status as one of the world’s leading luxury destinations.

The milestone project will expand Hongkong Land’s regional market share and leadership in the luxury goods segment. It will also heighten the attractiveness of its Central Portfolio ecosystem to tenants and clients through enhanced lifestyle, dining and retail concepts, connectivity, circulation and convenience. LANDMARK will remain open and activated throughout the transformation period while the project is completed in phases.

Mr Michael Smith, Chief Executive of Hongkong Land, said: “The considerable investments Hongkong Land and its strategic partners are making are not only a powerful endorsement of Central’s enduring role as the city’s iconic business and lifestyle hub but also demonstrate our shared, unwavering confidence in Hong Kong’s future as a global financial centre.”

“Our transformation of LANDMARK will reinforce the Central Portfolio’s position as one of the world’s most desirable locations to live and work,” he added.

Hongkong Land’s capital expenditure will be funded over three years and will be underpinned by the Group’s strong financial position. As at 31^st March 2024, gearing was 16% and committed liquidity (cash and unused borrowing facilities) was US$3.1 billion (HK$24.2 billion). While there will be a temporary and moderate reduction of rental income during the upgrade period, the Group expects this investment to deliver stronger growth in tenant sales and retail income thereafter.

Expanded global Maison spaces and diversified retail

Three unique Maison destinations of between two and eight storeys will be created in each of LANDMARK ATRIUM, LANDMARK ALEXANDRA, and LANDMARK PRINCE’S, while one will be developed in LANDMARK CHATER, doubling the retail areas of the 10 luxury brands to over 220,000 sq. ft. (21,000 sq. m.).

The enlarged spaces will enable brands to showcase the widest assortment of products and create highly personalised services for their Very Important Customers (‘VIC’) including haute couture, private dining concepts, outdoor terraces and double-heighted VIC salons. The eye-catching, extensive upgrades of building facades will transform Central’s cityscape.

On completion, LANDMARK will house some of the best expressions of these 10 brands anywhere in the world, within less than half a square kilometre. Hongkong Land is also partnering with international auction house Sotheby’s to turn art appreciation into true immersion as Sotheby’s 24,000 sq. ft. (2,230 sq. m.) state-of-the-art exhibition space opens in LANDMARK CHATER from July 2024.

To accommodate the growth of retail areas, the Group is converting the lowest two levels of office space in Prince’s Building and Gloucester Tower as well as relocating the bar and lobby of The Landmark Mandarin Oriental, Hong Kong. All affected office tenants are expected to be relocated within the Central Portfolio. This allows the Group to implement the full potential of this project while bringing exciting new concepts to our office community.

Upholding its holistic vision and the uniqueness of Central, LANDMARK will have a diversified retail offering of over 200 tenants, which includes upcoming and legacy brands that have been long-term partners of Hongkong Land, some of whom are exclusive to LANDMARK in Hong Kong.

“This collaboration with strategic tenants will shape the future of Central for many years to come,” said Mr Alvin Kong, Executive Director, Hongkong Land.

“Our investment will elevate and enrich our Central Portfolio ecosystem and provide our community of international and local business leaders and discerning shoppers with an unrivalled luxury retail and dining offer,” he added.

Exceptional experiences and enriched ecosystem

LANDMARK’s retail podiums will be reconfigured to meet customers’ demand for high-quality, diverse lifestyle options and to elevate experiences through improved circulation and connectivity.

After the completion of the transformation project, the Central Portfolio will have a total of approximately 260,000 sq. ft. (24,000 sq. m.) of F&B space and over 30 new and refreshed F&B concepts including two new restaurants overlooking Statue Square at LANDMARK PRINCE’S, two new concepts in The Landmark Mandarin Oriental, Hong Kong and new al fresco offerings at LANDMARK ATRIUM. In total, LANDMARK will house more than 100 F&B offerings, including its existing 15 Michelin Stars and 1 Michelin Green Star.

The project will further integrate the Group’s assets with the Central Portfolio ecosystem through additional pedestrian access at the basement floor of LANDMARK ATRIUM, which will provide multi-level connectivity, and an elevated office lobby experience for Edinburgh Tower and Gloucester Tower on the third floor.

Model for CENTRAL Series

LANDMARK is the home of Hongkong Land’s CENTRAL Series and underpins its expertise and reputation in delivering exceptional luxury and lifestyle experiences that are recognised across the world.

In the next four years, the Group will launch four new properties under the CENTRAL Series, adding net retail lettable area of approximately 3,703,000 sq. ft. (344,000 sq. m.) The Shanghai West Bund Financial Hub project will join LANDMARK as part of the Group’s GLOBAL CENTRAL developments, which are characterised by prestigious locations in internationally recognised lifestyle destinations that will serve as global best-in-class retail developments.

Sustainability leadership

The Group has set specific sustainability ambitions for the transformation project with extensive use of green building materials, including employing 100% low-carbon concrete, 100% green rebar and 100% sustainable timber. Additionally, 80% of construction plants and equipment used in the project will be electric to reduce carbon emissions.

Upon completion, LANDMARK aims to secure several of the highest environmental, health and safety and wellbeing certifications including BEAM Plus Interiors, LEED Commercial Interiors and WELL, making it one of the greenest property upgrades in Hong Kong.

APPENDIX

Voices of Luxury: Tenant Perspectives

Some key luxury tenants have shared their perspectives on the shared vision for LANDMARK’s transformation:

“Louis Vuitton is proud to be a part of this visionary project with Hongkong Land. Over several decades, we have developed special relationships with our loyal clients at LANDMARK and we look forward to providing them with even more elevated experiences in future,” said Robert Calzadilla, North Asia President, Louis Vuitton.

“Dior has been a long-standing partner with Hongkong Land since 1995 and we cherish our location in the heart of LANDMARK ATRIUM. We look forward to be part of this ambitious transformation of LANDMARK, reinforcing its appeal as one of the most luxurious shopping destinations in the world,” said Jean-Baptiste Debains, President Asia Pacific, Christian Dior Couture.

“The vibrant energy and cultural richness of Hong Kong have consistently been an inspiration for us. What makes this city so distinctive is its reverence for heritage while welcoming creativity, similar to the values of Van Cleef & Arpels. Shoppers in Hong Kong have refined tastes and genuine curiosity and are open minded and receptive to new creative concepts. This creates an ideal setting for showcasing unique artistic offerings,” said Julie Clody Medina, President, Asia Pacific, Van Cleef & Arpels.

“Hongkong Land has been a key partner of PRADA Group since we opened our first store in Asia Pacific over 30 years ago in LANDMARK, the testimony of a long-lasting collaboration, and of the strategic presence for the Group within the luxury destination. We share a common vision, whose ultimate goal is providing an extraordinary one to one customer experience, with tailored services to the ever-changing luxury clientele,” said Giulio Brini, Managing Director of Prada Asia Pacific.

“LANDMARK has long been a key global location for Tiffany & Co. We are excited to be a part of this transformation with Hongkong Land, and have ambitious plans to create an unforgettable new experience for our clients in Hong Kong,” said Maxence Kinget, President Greater China of Tiffany & Co.

Hashtag: #HongkongLand

The issuer is solely responsible for the content of this announcement.

Hongkong Land

Hongkong Land is a major listed property investment, management and development group. Founded in 1889, Hongkong Land’s business is built on excellence, integrity and partnership.

The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail property in key Asian cities, principally Hong Kong, Singapore, Beijing and Jakarta. Its properties attract the world’s foremost companies and luxury brands.

The Group’s Central Hong Kong portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, four retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing, and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high-quality residential, commercial and mixed-use projects under development in cities across China and Southeast Asia, including a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, Shanghai. Its subsidiary, MCL Land, is a well-established residential developer in Singapore.

Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.

About LANDMARK

LANDMARK represents the epitome of top-tier luxury shopping and lifestyle experiences. Drawing from a rich heritage which began in 1904 – LANDMARK today is the luxury shopping destination of Hongkong Land’s Central portfolio including 4 iconic connected buildings, LANDMARK ATRIUM, LANDMARK ALEXANDRA, LANDMARK CHATER and LANDMARK PRINCE’S. LANDMARK offers approximately 208 of the finest stores and restaurants, all seamlessly linked by pedestrian bridges. From high fashion and accessories to watches and jewellery, from luxury living to beauty and grooming, from international cuisine to authentic gourmet dining, LANDMARK brings the ultimate shopping experience to the discerning customer.

Official Website: https://www.landmark.hk/en
Official Facebook: facebook.com/Landmark.hk/
Official Instagram: @landmarkhk

HONG KONG SAR – Media OutReach Newswire – 26 June 2024 – Long Hong Kong’s epicentre of luxury experiences, Hongkong Land’s LANDMARK is set to evolve into the city’s ultimate lifestyle destination for global fashionistas, epicureans, and art devotees. As a time-honoured mecca for all things opulent, LANDMARK has consistently offered exceptional experiences, and this transformation will further cement its preeminent standing.

With a total investment expected to exceed US$1 billion (HK$7.8 billion) from both Hongkong Land and its tenants, Hongkong Land is orchestrating the largest retail transformation of its Central Portfolio, situated in the heart of Hong Kong. This evolution of LANDMARK will unfold over the next three years, in phases, while LANDMARK will remain open throughout this period.

The reimagined LANDMARK will elevate Hong Kong’s luxury lifestyle to new heights, unveiling an unrivalled convergence of Maison destinations created by the world’s most coveted luxury brands, new opportunities for best-in-class dining concepts, an exquisite jewellery and watch boulevard, curated universe for beauty and contemporary fashion, as well as immersive experiential spaces dedicated to art.

“Central has been the barometer of the city’s transformations for over a century, so developing LANDMARK marks an important chapter that will define the future of luxury experiences in Hong Kong and the rest of the world,” said Mr Alvin Kong, Executive Director, Hongkong Land.

“This strategic transformation is a pivotal milestone exemplifying our GLOBAL CENTRAL vision – to create world-class luxury lifestyle and retail destinations that serve as gravitational hubs for the world’s most prestigious brands and discerning consumers,” he said.

Ultimate Luxury Destination

Supported by 10 of the world’s most prestigious brands and an expanded ensemble of long-standing tenants, the transformed LANDMARK will usher in a new era of ultra-luxury. Anchor tenants will more than double their footprints to over 220,000 sq. ft. (21,000 sq. m.), elevating their retail concepts across awe-inspiring two-to-eight-storey Maison destinations, some of which will be among the largest available for the brands around the world.

These expansive new canvases will grant the partnering brands unparalleled flexibility to fully realise their most ambitious creative visions. With the creation of 10 Maison destinations, the reimagined LANDMARK will become a rarefied destination offering highly exclusive experiences such as haute couture ateliers, private dining concepts, bespoke concierge services, and double-heighted salons for their Very Important Customers (VIC). Notably, four brands will have the opportunity to debut al fresco terraces, allowing their valued clientele to enjoy a glass of champagne while taking in the beauty and buzz of tomorrow’s Central.

On completion, LANDMARK will house some of the finest global expressions of these world’s most coveted luxury brands, all within less than half a square kilometre, in the heart of Hong Kong.

Upholding its holistic vision and the uniqueness of Central, LANDMARK will retain its diversified retail offering of over 200 tenants, which includes upcoming and legacy brands that have been long-term partners of Hongkong Land, some of which are exclusive to LANDMARK, Hong Kong.

Hongkong Land is also partnering with international auction house Sotheby’s to turn art appreciation into true immersion as Sotheby’s 24,000 sq. ft. (2,230 sq. m.) state-of-the-art immersive exhibition will open in LANDMARK CHATER from July 2024.

LANDMARK will also uplift its luxury retail experience by introducing a newly curated universe for beauty and contemporary fashion, as well as a jewellery and watch boulevard, which will position Central amongst the world’s most prestigious addresses such as Paris’ Place Vendôme.

Redefining Gastronomy and Hospitality

From highly sought-after restaurants to esteemed Michelin-starred indulgences, LANDMARK offers an extraordinary culinary landscape. Featuring an impressive 16 Michelin stars under one roof currently, LANDMARK will continue to reinforce its status as a global epicurean destination. Complementing recent openings such as Forty-Five and Basehall 02, LANDMARK will amplify its gastronomic repertoire with over 30 new and refreshed concepts, presenting an exceptional array of over 100 distinctive dining and drinking offerings across approximately 260,000 sq. ft. (24,000 sq. m.) of vast F&B space.

Two new-built premium restaurants are set to debut in LANDMARK PRINCE’S with a stunningly designed glass façade, offering panoramic vistas over the historically rich Statue Square. Additionally, the iconic 25th Floor restaurant and terrace of LANDMARK PRINCE’S will be transformed into a new dining and bar concept spearheaded by a coveted and innovative operator. Many more exciting new dining destinations are also in the works at LANDMARK ATRIUM.

To top it off, The Landmark Mandarin Oriental, Hong Kong, is also poised for a new chapter. Acclaimed Hong Kong designer, Joyce Wang, will infuse the hotel with exquisite craftsmanship, elevating the guest experience through reimagined wellness spaces and exciting new dining venues.

Elegance Meets Eco-Consciousness

With a strong sense of eco-consciousness, Hongkong Land has set specific sustainability ambitions for the transformation project, with extensive use of green building materials, including 100% low carbon concrete, 100% green rebar and 100% sustainable timber. Additionally, 80% of construction plant and equipment used in the project will be electric to reduce carbon emissions.

Upon completion, LANDMARK aims to secure several of the highest environmental, health and safety, and wellbeing certifications including BEAM Plus Interiors, LEED Commercial Interiors and WELL, making it one of the greenest property upgrades in Hong Kong.

Charting a Global Central Concept

Hong Kong is a globally revered luxury destination. According to PwC, the size of Hong Kong’s personal luxury market is projected to reach HK$125.8 billion (US$ 16.1 billion) by 2030. Known as the time-honoured mecca hosting the city’s most discerning clientele, LANDMARK is well-positioned to capture this exceptional growth of the luxury market with its transformation plan.

“Luxury brands see this city as home to some of their most sophisticated clientele, and we have solid data to support our confidence,” said Alexander Li, Chief Retail Officer, Commercial Property, Hong Kong & Macau of Hongkong Land. “Our most loyal clients, who represented 80% of sales from our loyalty programme, spent an average HK$1 million with us in 2023, and they purchased at LANDMARK every other week.”

The transformative move in its Central Portfolio forms part of Hongkong Land’s vision to shape a GLOBAL CENTRAL concept – establishing world-class epicentres for ultra-luxury retail, business and tourism at the heart of the world’s most dynamic cities. This GLOBAL CENTRAL destination in Hong Kong will boast a collection of the world’s most luxurious and discerning brands, cultivating a unique ecosystem with international appeal.

As Hongkong Land’s home, the reimagined LANDMARK will be a cornerstone for its global ambitions, with this model serving as the inspiration to shape an interconnected network of premier global lifestyle destinations, including in Shanghai’s West Bund area and beyond.

“Our ambition is to transform, redefine and lead the luxury landscape. Together with our luxury tenants who share this visionary spirit, we look forward to creating a world-class luxury lifestyle destination that will captivate discerning consumers for years to come, not only in Hong Kong, but across the globe,” Alex added.

Voices of Luxury: Tenant Perspectives

Some key luxury tenants have shared their perspectives on the shared vision for LANDMARK’s transformation:

“Louis Vuitton is proud to be a part of this visionary project with Hongkong Land. Over several decades, we have developed special relationships with our loyal clients at LANDMARK and we look forward to providing them with even more elevated experiences in future,” said Robert Calzadilla, North Asia President, Louis Vuitton.

“Dior has been a long-standing partner with Hongkong Land since 1995 and we cherish our location in the heart of LANDMARK ATRIUM. We look forward to be part of this ambitious transformation of LANDMARK, reinforcing its appeal as one of the most luxurious shopping destinations in the world,” said Jean-Baptiste Debains, President Asia Pacific, Christian Dior Couture.

“The vibrant energy and cultural richness of Hong Kong have consistently been an inspiration for us. What makes this city so distinctive is its reverence for heritage while welcoming creativity, similar to the values of Van Cleef & Arpels. Shoppers in Hong Kong have refined tastes and genuine curiosity and are open minded and receptive to new creative concepts. This creates an ideal setting for showcasing unique artistic offerings,” said Julie Clody Medina, President, Asia Pacific, Van Cleef & Arpels.

“Hongkong Land has been a key partner of PRADA Group since we opened our first store in Asia Pacific over 30 years ago in LANDMARK, the testimony of a long-lasting collaboration, and of the strategic presence for the Group within the luxury destination. We share a common vision, whose ultimate goal is providing an extraordinary one to one customer experience, with tailored services to the ever-changing luxury clientele,” said Giulio Brini, Managing Director of Prada Asia Pacific.

“LANDMARK has long been a key global location for Tiffany & Co. We are excited to be a part of this transformation with Hongkong Land, and have ambitious plans to create an unforgettable new experience for our clients in Hong Kong,” said Maxence Kinget, President Greater China of Tiffany & Co.

Hashtag: #HongkongLand

The issuer is solely responsible for the content of this announcement.

Hongkong Land

Hongkong Land is a major listed property investment, management and development group. Founded in 1889, Hongkong Land’s business is built on excellence, integrity and partnership.

The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail property in key Asian cities, principally Hong Kong, Singapore, Beijing and Jakarta. Its properties attract the world’s foremost companies and luxury brands.

The Group’s Central Hong Kong portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, four retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing, and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high-quality residential, commercial and mixed-use projects under development in cities across China and Southeast Asia, including a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, Shanghai. Its subsidiary, MCL Land, is a well-established residential developer in Singapore.

Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.

About LANDMARK

LANDMARK represents the epitome of top-tier luxury shopping and lifestyle experiences. Drawing from a rich heritage which began in 1904 – LANDMARK today is the luxury shopping destination of Hongkong Land’s Central portfolio including 4 iconic connected buildings, LANDMARK ATRIUM, LANDMARK ALEXANDRA, LANDMARK CHATER and LANDMARK PRINCE’S. LANDMARK offers approximately 208 of the finest stores and restaurants, all seamlessly linked by pedestrian bridges. From high fashion and accessories to watches and jewellery, from luxury living to beauty and grooming, from international cuisine to authentic gourmet dining, LANDMARK brings the ultimate shopping experience to the discerning customer.

Official Website: https://www.landmark.hk/en
Official Facebook: facebook.com/Landmark.hk/
Official Instagram: @landmarkhk

HONG KONG SAR – Media OutReach Newswire – 26 June 2024 – New World Development Company Limited (“NWD” or “New World Development” or the “Group”; Hong Kong Stock Code: 00017) is pleased to announce that it has been recognised by TIME Magazine as one of the “World’s Most Sustainable Companies of 2024,” an inaugural list that names top 500 companies in the world promoting corporate responsibility and advancing sustainable practices. Among the top 500 companies, NWD is ranked 43^rd. The Group has been recognised in major areas of Environmental, Social, and Governance (ESG), including climate change actions, energy conservation and emission reduction, successfully standing out from over 5,000 companies to make it into the top 50.

The TIME’s list is jointly organised by TIME and the statistics company Statista. Commenting on NWD’s inclusion in the world’s top 50 most sustainable companies, Adrian Cheng, CEO of NWD, said, “We are very pleased that New World has been selected as one of the world’s top 50 most sustainable and impactful companies, affirming our achievements in sustainable development. We have proactively incorporated sustainability into our business models to develop green buildings, reduce carbon emissions and energy intensity, and support the transition to a low-carbon economy. Building on this amazing accolade, we will continue our efforts towards the sustainable development of the company to create value for our stakeholders and a positive rippling effect across our community and society.”

The World’s Most Sustainable Companies list rewards the leading companies in corporate social responsibility with an evaluation based on more than 20 indicators relating to sustainable development, information disclosure, transparency, overall ESG performance, energy and carbon intensity, and female leadership, and commitments and targets set in these areas. The ranking process began with a comprehensive selection from over 5,000 of the world’s largest and most influential companies. From there, 500 companies from over 30 countries and regions were chosen. New World Development ranked 43^rd and is the only Hong Kong company to make it into the top 50.

NWD has long been actively promoting ESG. The Group highly values sustainable development throughout the project lifecycle, aiming to achieve best practices from planning and design to operation and management, minimising environmental impact. The Group’s short-term 1.5°C science-based targets have been approved by the Science Based Targets initiative (SBTi), and the Group has committed to setting long-term targets in line with SBTi’s Net-Zero Standard.

The Group has also developed a Renewable Energy Roadmap, aiming to achieve 100% renewable energy use in its rental properties in the Greater Bay Area and Greater China by the fiscal years 2026 and 2031, respectively, to reduce greenhouse gas emissions. The Group also strives to install renewable energy generation systems in new and existing projects, promoting the broader development of the renewable energy market.

Additionally, NWD has integrated climate considerations into its risk management process investment decision-making. The Group was an early supporter of the Task Force on Climate-related Financial Disclosures (TCFD), formulating and implementing the “Climate Resilience Guideline” and incorporating climate change mitigation and adaptation measures into various stages such as design, major refurbishments and construction activities. Currently, New World has conducted preliminary climate-related risk assessments at multiple locations in Hong Kong and Mainland China and has conducted more in-depth surveys on assets identified as potentially high-risk to appropriately mitigate climate-related risks.

NWD is one of Hong Kong’s leading companies in promoting sustainable finance. In 2018, the Group’s property K11 ATELIER King’s Road received triple platinum certifications for WELL Building Standard, LEED, and Hong Kong’s BEAM Plus, successfully securing Hong Kong’s first green loan. Additionally, the Group partnered with DBS Hong Kong to achieve Asia’s first loan linked to the Global Real Estate Sustainability Benchmark (GRESB) performance. New World is also the world’s first developer to issue a s USD-denominated social and green dual tranche offering in the public bond markets.

The Group is also a leading force in promoting workplace diversity and inclusivity. NWD’s female representation on board has reached 35.3%, among the highest of Hong Kong-listed companies. In addition, the Group has implemented a series of measures and social innovation programmes to support employees’ mental and physical wellbeing.

Please download high-res images from here:

https://nwdrive.nwplatform.com.cn:443/link/EBECB3228A31C58AEEF0560F11B09397

Valid Until: 2024-07-09 23:59
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Hashtag: #NewWorldDevelopment #NWD

The issuer is solely responsible for the content of this announcement.

About New World Development

Founded in 1970, New World Development Company Limited (“The Group”, Hong Kong stock code: 0017) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A premium brand infused with a unique personality best defined by The Artisanal Movement, New World Group’s core business areas include property development, property investment and other strategic operations in Greater China, especially the Greater Bay Area, with a total asset value of approximately HK$470.2 billion as at 31 December 2023. The Group has an effective interest of approximately 75% in New World Department Store China Limited (Hong Kong stock code: 0825) and wholly owns New World China Land Limited.

HONG KONG SAR – Media OutReach Newswire – 26 June 2024 – The Hong Kong Polytechnic University (PolyU) is hosting its inaugural “Flying High” exhibition in Paris, France, from now until 1 July 2024. This marks the University’s first international showcase, featuring a diverse array of research and innovations across disciplines from fashion to technology and sustainable materials.

At the opening reception, Prof. Christopher CHAO, PolyU Vice President (Research and Innovation) remarked, “PolyU is thrilled to bring our research and innovations to Paris, a city that resonates with creativity and innovation, reflecting our own values. ‘Flying High’ is not just an exhibition, it is a testament to our dedication to making a positive impact through our research and knowledge transfer activities. We are excited to share our achievements and to foster international collaborations for a better and sustainable future.”

The “Flying High” exhibition is not only witness to PolyU’s commitment to fostering global innovation and excellence in research, but also provides an exchange platform for researchers, industry experts, fashion editors and others. It coincides with the 60th anniversary of the establishment of Sino-French diplomatic relations and the Paris 2024 Summer Olympic Games, highlighting the importance of international dialogue and exchange in advancing scientific and cultural understanding.

The exhibition comprises two main themes “Style in Motion” and “Sustainability in Innovation”, with 10 projects as follows:

Project	Principal Investigator(s)
Style in Motion
Tai-Chi, Sports and Olympics 2024 This Tai Chi-inspired sportswear collection blends the essence of the East with the electrifying spirit of the Games’ four selected disciplines: breaking, skateboarding, surfing and climbing. Each piece is meticulously engineered to capture the spirit of these vibrant sports, analysing the fluidity and strength required to excel in each. It complements an athlete’s form and improves their performance.	Dr Tsai-Chun HUANG, Assistant Professor, School of Fashion and Textiles
AI-assisted Personal Training Gear AI-enhanced, wearable sensor-based training gear helps monitor posture, muscle activity and fatigue in real-time during workouts, providing immediate feedback to improve physical performance and minimise the risk of injury.	Prof. YIP Yiu-wan Joanne, Associate Dean and Professor, School of Fashion and Textiles
Sport-specific Sports Bra Designs from Analysis of Human Dynamic Motion An anatomically tailored sports bra employs analysis of 4D scans to enable bra design to provide precise support for the unique demands of each sport and comfort for women of all ages and sizes.	Prof. Kit-Lun YICK, Professor, School of Fashion and Textiles
Sustainability in Innovation
Carbon Neutral Construction Materials New technologies elevate construction projects to champion carbon neutrality, including CarbAggre, a carbon-negative and customisable material developed from construction and demolition waste, and a carbonation concrete coating technology that improves concrete durability.	Prof. C.S. POON, Head of the Department of Civil and Environmental Engineering; Michael Anson Professor in Civil Engineering; Chair Professor of Sustainable Construction Materials; Director, Research Centre for Resources Engineering towards Carbon Neutrality
Sustainable Design from Biochar-concrete Newly developed biochar-concrete merges sustainability with aesthetics, revolutionising traditional concrete construction and combating carbon emissions, and so paving the way for a greener world.	Dr Brian LEE, Associate Professor, School of Design
“Building Clothing” Using Textile Waste “Building Clothing”, developed from textile waste, is a sustainable building envelope for thermal insulation and radiative cooling to revolutionise construction projects and help tackle the challenges of textile waste recycling.	Dr Dahua SHOU, Limin Endowed Young Scholar in Advanced Textiles Technologies and Assistant Professor, School of Fashion and Textiles
Metal-coated Textiles with Unique Visual Effects These textiles fuse fashion and sustainability through sputtering coating technology. They are the very first to integrate material science, engineering and manufacturing for lustrous new textiles without any discharge or pollution.	Prof. Kinor JIANG, Professor, School of Fashion and Textiles
Food Waste-derived 3D Printing Material Harnessing the power of 3D printing technology, novel sustainable composite materials have been developed for indoor furnishings by combining spent coffee grounds or tea leaves with polylactic acid.	Prof. WONG Ka-hing, Professor, Department of Food Science and Nutrition; Director, Research Institute for Future Food
Anti-stain and Antiviral Vegan Leather The world’s first vegan leather boasts both anti-stain and antiviral properties. It leverages structural color technology to ensure whiteness at 90/100 without use of pigment, dye or bleaching agent, and uses silicone that avoid microplastic issues.	Prof. Chris K.Y. LO, Professor, Department of Logistics and Maritime Studies Prof. KAN Chi-wai, Associate Dean (Strategic Planning and Development) and Professor, School of Fashion and Textiles
Intelligent Textiles for Interiors, Fashion and Rehabilitation Utilising computer vision and illuminating optical fibres, the intelligent textiles are developed to recognise hand and body gestures to customise colour illuminations instantly, thereby transforming conventionally passive fabrics into interactive textiles.	Prof. Jeanne TAN, Professor, School of Fashion and Textiles; Centre Assistant Director, Laboratory for Artificial Intelligence in Design

Project images are available here. To learn more about the “Flying High” exhibition, please visit: https://polyu.hk/CZYFn.

Hashtag: #PolyU

The issuer is solely responsible for the content of this announcement.

BUCHAREST, ROMANIA – Media OutReach Newswire – 26 June 2024 – PPD Global, one of the leading premium beverage distribution groups in Central and Southeastern Europe, has been recently recognized as one of the best places to work in Romania for 2024.

PPD Global received outstanding scores with excellent ratings across several aspects of the workplace including leadership, HR Practices, teamwork and relationships and employee engagement. This achievement is particularly remarkable as it was earned with the participation of 100% of the employees in the certification assessment. The evaluation also revealed that an impressive 96% of the employees consider PPD Global in Romania as a great place to work.

Alexandru Frangopol, General Manager for Romania at PPD Global, said “Being acknowledged as a best place to work in Romania is a strong validation that our company values are deeply embedded principles guiding our daily operations. Our ‘People First’ approach is evident in our actions and is genuinely valued by our colleagues. The energy, passion, and commitment in our daily work as well as the desire to be the best and to stay number 1, are indisputable proofs that we feel we are part of a family, the Photiades family,”

Elena Popa, HR Manager for Romania at PPD Global, commented as well about this achievement “We highly value our people’s well-being, and this shows in the trust and commitment of our employees, in our company culture and the feeling of belonging we managed to build over time. We encourage a working environment where every employee feels valued, listened to, and supported. At PPD Global, we are not just co-workers, we are friends and support each other. For us, ‘People First’ is not just a slogan, it’s a reality we live every day, and the best place to work certification is a reflection of this,”

The Best Places to Work assessment is one of the world’s most widely used model to understand employee perceptions about their workplace. The Best Places to Work certification accreditation denotes the voice of employees and demonstrates that you are an “Employer of Choice.” The coveted certification is awarded to the organizations that have best in the class people practices and provide outstanding employee experiences.

For more information, please visit www.bestplacestoworkfor.org
Hashtag: #BestPlacesToWork

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https://www.linkedin.com/company/best-places-to-work-program/
http://www.twitter/bptw4
https://www.facebook.com/bptw4all/

The issuer is solely responsible for the content of this announcement.

BEIJING, CHINA – Media OutReach Newswire – 26 June 2024 – New Quality Productive Forces is not the “solo performance” of any single country but rather a “grand chorus” of all countries.

China stands ready to work with the international community for cooperation in developing New Quality Productive Forces.

We are committed to open science regardless of borders and with no barriers imposed, ensure the free flow of STI (Science, Technology and Innovation) personnel and innovative factors around the world, in order to jointly create an open innovation ecosystem and explore a new model regarding mutually beneficial global cooperation.

China will share resources, markets and technological innovations with the rest of the world, so that New Quality Productive Forces can benefit all mankind.

By pursuing a holistic and coordinated approach, China will also promote high-standard opening up of the education sector, develop platforms for fostering basic research talent, train high-performing engineers and highly-skilled workers, enhance support for young scientists and engineers, and actively promote international personnel exchanges.

The author, BAO Shujun, is the Researcher at International Cooperation Center of National Development and Reform Commission
Hashtag: #ChinaNewsNetwork

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Remarkable funding support for becoming a biotech unicorn

HONG KONG SAR – Media OutReach Newswire – 26 June 2024 – Immuno Cure BioTech (“Immuno Cure“) is delighted to announce its recent successful admission to the prestigious Elite Programme of Hong Kong Science & Technology Park (“HKSTP“), positioning the company for accelerated growth and innovation in the field of biotechnology in Hong Kong. This significant funding support will fuel Immuno Cure’s mission to revolutionize DNA vaccine and antibody immunotherapies for fighting infectious diseases, inflammatory diseases, and cancers.

The Elite Programme of HKSTP is a three-year milestone-based funding programme of HK$21.5 million, aiming to promote enterprises with innovative technology and strong growth potentials to become a future “unicorn”. Immuno Cure has recently become one of the thirty-seven HKSTP Elite companies.

Immuno Cure’s DNA vaccines are based on its “PD-1-Enhanced DNA Vaccine Platform” for DNA vaccines with dendritic cell-targeting ability, together with electroporation-assisted enhanced drug delivery by its “Vaccine Delivery Platform”. Currently, two DNA vaccine candidates, ICVAX and ICCOV, are undergoing Phase I and Phase IIa clinical trials respectively. ICVAX is a therapeutic DNA vaccine candidate for HIV/AIDS, and ICCOV is a preventive DNA vaccine candidate for COVID-19. Immuno Cure’s DNA vaccine pipeline also includes cancer DNA vaccine candidates at earlier R&D stages.

Apart from DNA vaccines, Immuno Cure’s “Anti-Δ42PD1 Antibody Platform” utilizes a newly discovered Δ42PD1, an isoformic programmed cell death protein 1 (PD-1), for the restoration of cancer-killing function of killer T cells for the treatment of cancers such as liver cancer and colorectal cancer. A humanized anti-Δ42PD1 antibody against liver cancer is at IND-enabling stage currently, and its first-in-human trial is expected in 2025.

Dr. Xia JIN, CEO of Immuno Cure, said, “Being selected to join the Elite Programme is a huge privilege and we’re thrilled to be among the most dynamic and innovative businesses in Hong Kong, which underscores the trust and confidence placed in our company merits and research achievements. With the strong backing from HKSTP, Immuno Cure will continue to lead the way in DNA medicines, antibodies and novel immunotherapies research and development, developing new and powerful vaccine technologies to broaden our cancer and infectious disease portfolio.”

Dr Percy CHENG, Chairman of Immuno Cure, concluded, “This recognition further strengthens Immuno Cure’s position as a frontrunner in the local biotech industry, with the potential to become the leading company worldwide. With the support of HKSTP, we will bring our HIV vaccine and other promising candidates to market and usher in a new era in healthcare.”
Hashtag: #ImmunoCure

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About Immuno Cure

Immuno Cure is a clinical stage biotechnology group based in the Hong Kong Science Park, focusing on research and development of immunotherapies for cancers, inflammatory and infectious diseases based on its patented PD-1-enhanced DNA vaccine and Anti-Δ42PD1 Antibody platforms; with two DNA vaccine candidates currently in clinical trials.

To learn more about Immuno Cure BioTech, please visit http://www.immunocure.hk.

BANGKOK, THAILAND – Media OutReach Newswire – 26 June 2024 – ONYX Hospitality Group has unveiled Shama Hub, an extension of its leading serviced apartment brand, Shama. This new revolutionary concept transforms the fundamental nature of accommodation. More than just a place to stay, Shama Hub offers a lifestyle that celebrates creativity, flexibility, and community engagement.

“At Shama Hub, we believe in providing more than just a roof over your head; we offer an experience that defines you,” says Yuthachai Charanachitta, CEO of ONYX Hospitality Group. “Our serviced apartments are meticulously designed to be practical for real living, ranging from studios to larger living spaces, ensuring comfort and functionality for our guests.”

Strategically located in vibrant neighbourhoods, Shama Hub properties are easily accessible to attractive areas, allowing guests to seamlessly connect with the pulse of the city. Each location embodies the essence of local culture and endless exploration.

ONYX Hospitality Group is delighted to announce the addition of two new properties to the Shama Hub portfolio: Shama Hub Qiantang, China and Shama Hub Metro South, Hong Kong.

Strategically located in the recently developed area of Hong Kong Southern district, Shama Hub Metro South, Hong Kong, is an ideal hub for individuals or families seeking long-term accommodation close to the city while being surrounded by nature. Vibrant public areas blend seamlessly with the co-living concept, offering a contemporary hotel-home hybrid lifestyle. The property features 26 floors and 139 rooms, with seven room types ranging from studios to two-bedroom units, all designed for a seamless and convenient stay with essential amenities at hand.

Located in Metro South Tower 2, just a 2-minute walk from Wong Chuk Hang MTR station, guests can reach Admiralty in about 10 minutes via the South Island Line. This prime location provides easy access to attractions like Ocean Park and Hong Kong Island, allowing guests to enjoy the vibrant energy of the Aberdeen district and discover new and creative experiences within minutes.

Shama Hub Qiantang Hangzhou, China, stands a new addition in the heart of Hangzhou, a city famed for its ancient history and once praised by Marco Polo for its opulence and grandeur. Located in the Dajiangdong area, just a short walk from Dongsha Lake Park and the Grand Convention and Exhibition Centre, and within close proximity to shops, malls, and restaurants, Shama Hub Qiantang is ideal for work and leisure.

Adventurous guests will find major transport hubs easily accessible, allowing exploration of Hangzhou’s enchanting sights, with the majestic Tianmu Mountain range as a backdrop. Situated by the stunning Qiantang River, the property is only a 40-minute drive from the city’s international airport.

Embodying Shama Hub’s philosophy, Shama Hub Qiantang features a variety of room types that caters to short- and long-term residents. Guests can choose from spacious studio kings, one-bedroom suites, or studio flex twin rooms. Spacious desks and regular housekeeping services ensure a productive environment, allowing guests to achieve the perfect balance between work and relaxation.

Each Shama Hub property offers an array of amenities designed to enrich the living experience. These include self-service laundry facilities, a fitness centre, communal hub spaces, and self-service business cabins. These facilities also foster a sense of community within the Shama Hub environment, enhancing both convenience and social interaction for residents.

In addition to prime locations and top-notch facilities, these Shama Hubs offer the exclusive “Shama Social Club” lifestyle programme. This innovative initiative enriches the guest experience by fostering a sense of community and connecting residents to the unique essence of each locale. Through tailored interior design, curated activities, and thoughtful gestures, Shama Social Club ensures that guests feel welcomed and at home from the moment they arrive.

“We are thrilled to introduce the Shama Social Club to our guests in Hong Kong, China, and beyond,” adds Mr. Charanachitta. “It is not just a club; it’s a community that fosters connection, exploration, and a sense of belonging.”

Shama Hub’s expansion into Hong Kong and China marks a significant milestone in the brand’s journey. With a portfolio of over 2,500 units across 20 properties, including leading positions in international service apartment operations, Shama continues to set the benchmark for serviced hospitality excellence in Asia.

Shama has established a notable presence across Thailand, Hong Kong, China, and Malaysia, with ongoing expansions. This expansion exemplifies Shama’s commitment to setting new benchmarks in contemporary living and community engagement.

Guided by the mantra of ‘A Tailored Approach to Hospitality,’ ONYX Hospitality Group distinguishes itself by aspiring to become ‘the best medium-sized hospitality management company in Southeast Asia.’ This unwavering vision permeates every aspect of ONYX’s operations, guaranteeing guests unparalleled service and experiences that exceed all expectations.

For more information on Shama and Shama Hub, please visit: www.shama.com
Hashtag: #ONYXHospitality

The issuer is solely responsible for the content of this announcement.

About Shama

Shama, part of ONYX Hospitality Group, is a renowned serviced apartment brand with roots in Hong Kong and strong recognition in China. Under ONYX’s management since 2010, Shama focuses on value addition and profitability, making it a prime choice for real estate investors. Offering three tiers – Shama Lux, Shama, and Shama Hub – the brand provides convenient locations, hotel-standard services, and a welcoming atmosphere through the “Shama Social Club.” With locations across Thailand and China and future expansions planned, visit www.shama.com for more information.

About ONYX Hospitality Group

ONYX Hospitality Group, a reputable force in Southeast Asia’s hospitality industry, operates a collection of comprehensive yet complementary brands – Amari, OZO, Shama and Oriental Residence – catering to the distinctive needs of discerning business and leisure travellers in Southeast Asia where their expertise lies. In addition to its brand portfolio, ONYX Hospitality Group also operates additional hospitality services across spa and food and beverage. With over five decades of management experience, the company extends its innovative solutions throughout the region, upholding internationally recognised standards and ensuring optimal operational manoeuvrability. By fostering enduring relationships with like-minded business partners, ONYX Hospitality Group delivers unparalleled experiences in a dynamic and competitive market, meeting the ever-evolving demands of travellers.

Visit us at the website www.onyx-hospitality.com

SHENZHEN, CHINA – Media OutReach Newswire – 26 June 2024 – On June 24th, TENCENT E-SPORTS launched a special live broadcast with the theme “Empower Esports Worldwide”.

Mars Hou, the general manager of TENCENT E-SPORTS, stated during the live broadcast that riding the wave of globalization, esports has gained influence among an increasingly broad demographic and has consequently garnered recognition and support from numerous countries and organizations worldwide. The development of industries does not follow a linear, continuous path, and the deepening of globalization will propel industry onto a new era. The challenges brought by cultural differences, the relationship between esports and sports, organization and operation, and changes in industry structure will inevitably become questions that all global esports practitioners must confront and ponder. Mars Hou emphasized that the capabilities of a company are always limited, and TENCENT E-SPORTS hopes to work with industry partners more than ever before to explore effective paths for global esports development.

Drawing on past collaborations with organizations such as the Olympic Council of Asia and the Asian Electronic Sports Federation, as well as the experience of collaborating with over 200 domestic ecological partners, TENCENT E-SPORTS will take the first step towards the new era. With a new identity as “a bridge connecting domestic and international esports ecosystems,” TENCENT E-SPORTS will take the initiative to “go global” and launch the “Empower Esports Worldwide Series.” By organizing long-term and open ecological exchange activities, TENCENT E-SPORTS aims to build a communication platform for domestic and international esports partners, helping Chinese esports hold hands with the world and contribute to the development of the global industry together.

During the event, Mars Hou announced the first batch of overseas sites for the “Empower Esports Worldwide Series” – Saudi Arabia, France, and Japan, and invited overseas partners to come to China. The primary goal is to share industry practice experiences, discuss cooperation methods, and promote cultural exchange, while exploring the vast blue ocean of the esports industry.
Hashtag: #Tencent #esports

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Hashtag: #Crayon

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Crayon