XIAMEN, China, Dec. 15, 2023 /PRNewswire/ — Chinese tech company Meitu Inc, which is known for its popular image production and design tools, is committed to presenting oriental aesthetic culture to the world in a way that resonates with the preferences of the younger generation.

In August 2021, the company launched a collection of filters within its app, inspired by traditional Chinese colors. Each filter is given an elegant Chinese name, with some directly translated examples such as lotus pink, mountain green, navy blue, ink black, and hibiscus purple.

The "Traditional Colors" filter series has notably gained increasing popularity among young people in countries involved in the Belt and Road Initiative. Among these filters, Lotus Pink stands out as the most favored, with downloads and usage surpassing six million times, according to Wu Xinhong, founder, chairman and CEO of Meitu.

Meitu continues to drive innovation in imaging technology, seamlessly incorporating traditional Chinese cultural symbols, China’s traditional makeup styles, and the concept of China’s 24 solar terms into the designs of its camera filters. Through the digitization of imagery, Meitu strives to perpetuate and disseminate the beauty of China, narrating captivating stories that blend deep cultural heritage with a fresh and vibrant spirit to the global audience.

For instance, in March 2023, Meitu collaborated with the Dunhuang Museum to digitally interpret the beauty of Dunhuang through a series of imaging techniques. Meitu introduced filters incorporated with cultural elements of Dunhuang, capturing the colors of its unique Yadan landforms and iconic murals in the Mogao Caves. In July, Meitu invited director Shen Siyuan to shoot a short film at Dunhuang, further interpreting traditional colors and showcasing the cultural narrative of Dunhuang. In this film, dance artist Luo Tian gracefully dances amidst Dunhuang’s desert and vast landscapes. The online viewership of this short film surpassed 10 million and was featured on large screens in various overseas locations, including New York Times Square, London Leicester Square, and Tokyo Shibuya. In September, Meitu produced an original animated series titled "The Story of Dunhuang Colors," accumulating over 1.366 million views.

Meitu has successfully established a comprehensive product lineup in overseas markets. AirBrush (an AI-powered portrait editor), BeautyPlus (the international version of BeautyCam), and Meitu (the global iteration of its original software product) stand out as key offerings for users abroad.

According to the company’s financial report for the first half of 2023, Meitu boasts approximately 173 million monthly active users domestically and around 73.69 million monthly active users internationally. The company’s official website indicates that Meitu has garnered over ten million users across 21 countries, including Indonesia, Thailand, Brazil, the United States, Vietnam, Japan, South Korea, Iran, Canada, Turkey, Russia, and South Africa. Meitu’s overseas user traffic remains consistently stable.

Almost all of Meitu’s products revolve around artificial intelligence-generated content, providing unprecedented productivity benefits through AIGC, says Wu.

In the future, Meitu will continue to leverage AI-powered tools to facilitate the digitization of traditional Chinese cultures. We will collaborate with inheritors of intangible cultural heritage and partner with renowned domestic museums to launch co-branded products, says Wu.

The initiative aims to bring Chinese traditional culture closer to the lives of young people, sparking their interest in and appreciation for our rich cultural heritage, Wu adds.

Source : MEITU AIMS TO PROMOTE CHINESE AESTHETIC CULTURE TO ITS GLOBAL USERS

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NINGDE, China, Dec. 15, 2023 /PRNewswire/ — On December 15, the international jury panel of AUTOBEST announced that CATL’s Shenxing battery has won the TECHNOBEST 2024 award following voting by jury members from 31 European nations. This is the first time a battery product has won the TECHNOBEST award, and CATL is the first China-based company to win this title.

AUTOBEST is among the most prestigious auto juries in Europe and has been giving awards since 2001. The jury recognized Shenxing battery for its disruptive innovation: "CATL launched Shenxing, the world’s first 4C superfast charging LFP battery, capable of delivering 400 km of driving range with a 10-minute charge as well as a range of over 700 km on a single full charge. Shenxing is expected to considerably alleviate fast charging anxiety for EV users and opens up an era of EV superfast charging. Focusing on the very nature of electrochemistry, CATL continues its innovation in material and electrochemistry and system structure in an all-round way, achieving superfast charging, high energy density and high level of safety at the same time in a creative manner. Shenxing pushes beyond the boundaries of the performance of LFP chemistry, leading innovation in the battery industry."

"CATL, led by the founder Robin Zeng, is a phenomenon in the battery industry, with many breakthrough technologies. The last one, Shenxing, is another revolution proposed by CATL to the benefit of the customers all around the world who will have a much faster recharging time, a better energy density and a high level of safety," said Dan Vardie, the founder and chairman of AUTOBEST. "

Shenxing battery was launched in August this year and will achieve mass production by the end of this year. As of now, CATL has established cooperation with various OEMs to supply Shenxing battery, including NETA, CHERY, BAIC BJEV, JIDU, VOYAH, and others. Electric vehicles equipped with Shenxing battery will be available on the market in the first quarter of 2024.

AUTOBEST jury selects awards each year through comprehensive tests including on-road and on-track driving sessions, which stand as the most intricate and comprehensive sets in contemporary motoring media. AUTOBEST has established several accolades, each representing a paramount recognition within its specific domain. Among these accolades, TECHNOBEST holds a preeminent position as the oldest, most authentic, and traditionally revered award. It is specifically dedicated to recognizing and celebrating the cutting-edge technologies in the automotive industry.

AUTOBEST jury presents awards in a different European country each year. The upcoming 23rd AUTOBEST Awards Gala will take place in May 2024 in Luxembourg.

Source : CATL's Shenxing battery wins the AUTOBEST 2024 award

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LISHUI, China, Dec. 15, 2023 /PRNewswire/ — Lixiang Education Holding Co., Ltd. (the "Company" or NASDAQ: LXEH), a prestigious private education service provider in China, today announced that it plans to change the ratio of its American depositary shares ("ADSs") to its ordinary shares (the "ADS Ratio"), par value US$0.0001 per share, from the current ADS Ratio of one (1) ADS to five (5) ordinary shares to a new ADS Ratio of one (1) ADS to ten (10) ordinary shares (the "ADS Ratio Change"). The Company anticipates that the ADS Ratio Change will be effective on or about January 3, 2024 (the "Effective Date").

For the Company’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-two reverse ADS split. On the Effective Date, holders of  ADSs in the Direct Registration System ("DRS") and in The Depository Trust Company ("DTC") will have their ADSs automatically exchanged and need not take any action. The exchange of every two (2) then-held (existing) ADSs for one (1) new ADS will occur automatically, at the Effective Date, with the then-held ADSs being cancelled and new ADSs being issued by the depositary bank.

No fractional new ADSs will be issued in connection with the ADS Ratio Change. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses) will be distributed to the applicable ADS holders by the depositary bank.

The Company’s ADSs will continue to be traded on the Nasdaq Global Market under the symbol "LXEH." The ADS Ratio Change will have no impact on the Company’s underlying ordinary shares, and no ordinary shares will be issued or cancelled in connection with the ADS Ratio Change.

About Lixiang Education Holding Co., Ltd.

Founded in Lishui City, China, Lixiang Education Holding Co., Ltd. is a prestigious private education service provider in Zhejiang Province. The Company’s education philosophy is to guide the healthy development of students and to establish a solid foundation for their lifelong advancement and happiness. For more information, please visit: www.lixiangeh.com.  

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s strategies, future business development, and financial condition and results of operations; the expected growth of the Chinese private education market; Chinese governmental policies relating to private educational services and providers of such services; the Company’s ability to maintain and enhance its brand. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Source : Lixiang Education Announces Plan to Implement ADS Ratio Change

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–       Milestone Store Opening Underscores KFC’s Continued Success as the Leading Restaurant Brand in China

–       KFC China’s Ambitious Growth Trajectory: Targeting Over Half of China’s Population by 2026

SHANGHAI, Dec. 15, 2023 /PRNewswire/ — Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today celebrated the opening of KFC China’s 10,000th store, marking a significant milestone in KFC China’s 36-year growth journey in the country.

Situated in Hangzhou, KFC China’s 10,000th store is located on the banks of the Beijing-Hangzhou Grand Canal, a historically important link connecting northern and southern China. Since opening its first store in Beijing in 1987, KFC has grown into the country’s largest QSR brand in terms of system sales. This growth has been underpinned by a world-class in-house supply chain management system developed over three decades.

KFC China 10,000 – Store in Hangzhou

"As the first western QSR restaurant brand in China to reach this incredible milestone, KFC China’s 10,000th store opening is a proud moment for all of us, demonstrating the brand’s deep bond with Chinese consumers across generations for over 36 years. Strategically positioned for sustained growth, KFC China stands to benefit from its large and rapidly expanding store network, substantial economies of scale and access to an even broader customer base," said Joey Wat, CEO of Yum China. "Presently serving just one-third of China’s population, our goal is for KFC China to reach over half by 2026. By leveraging our solid foundation of success and tremendous untapped potential for future growth, we are confident that KFC China will continue to be China’s leading restaurant brand for many years to come." 

KFC China 10,000 – Yum China CEO, Joey Wat

"In pursuit of our ambitious growth targets, we are committed to establishing KFC China as the preferred daily choice for an increasingly diverse customer base," said Warton Wang, General Manager of KFC China. "KFC China remains at the forefront of pioneering new formats and groundbreaking concepts to accelerate store expansion into untapped cities, while also staying ahead of evolving consumer preferences and emerging consumption trends. Going forward, KFC China will continue to offer a diverse array of innovative meal choices across price ranges, ensuring that consumers can enjoy KFC anytime and anywhere."

KFC China 10,000 – KFC China General Manager, Warton Wang

Strategic Footprint Expansion for Greater Reach

Despite having already established an extensive presence in over 1,900 cities as of the end of Q3 2023, KFC China continues to actively expand its addressable market, with 1,100 untapped cities on the brand’s radar for entry. Over the past five years, KFC China has seen remarkable growth, with average annual growth in net new KFC stores exceeding 22%, all while maintaining an average store payback period of approximately two years. At the same time, KFC China has been accelerating store openings in lower-tier cities while increasing store density in higher-tier cities.

Innovative Offerings to Satisfy New Demand

Through the introduction of innovative products and development of new categories, KFC China is proactively broadening its consumer base and catering to the evolving needs of Chinese consumers. Recent successes include the introduction of Juicy Whole Chicken and Beef Burgers, with both products generating annual sales exceeding $100 million. KFC China is also widening its menu to introduce more entry-level price point offerings, ensuring its products better cater to the needs and preferences of a broader range of consumers. Meanwhile, KFC China continues to expand its in-house coffee brand, KCOFFEE, aiming to open more than 300 standalone KCOFFEE stores by the end of 2024.

Revolutionizing Convenience and Accessibility in Delivery Services

In tandem with increased store density across various regions, KFC China is redefining convenience and making its delivery services more accessible. Notably, a double-digit surge in small-ticket delivery orders of 40 RMB or less across major fast food players represents an area of opportunity for KFC China.

Furthermore, KFC China has showcased a steadfast commitment to maintaining robust margins, enabled by procurement excellence, continuous product innovation, and full chicken utilization. Additionally, the brand has embraced cutting-edge technologies, including in-store Internet of Things (IoT), automation, and artificial intelligence (AI) to enhance operational efficiency.

Looking forward, KFC China plans to further accelerate its annual net new store openings to exceed 1,200 in the next three years, with 15% to 20% expected to be franchise stores, aligning with Yum China’s overarching goal to reach 20,000 stores by 2026. KFC China’s future strategy encompasses a diverse range of store models and modules – ranging from standard stores to future concept stores, mini-stores, and stores strategically positioned in lower-tier cities. This approach underscores KFC China’s commitment to innovation-empowered growth and adaptability in the dynamic Chinese market.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the Company’s business strategy and capital allocation strategy. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as "goal," "expect," "expectation," "believe," "anticipate," "may," "could," "intend," "belief," "plan," "estimate," "target," "predict," "project," "likely," "will," "continue," "should" or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements include, without limitation, statements regarding the future strategies, growth, business plans, investment, earnings, performance and returns of Yum China, anticipated effects of population and macroeconomic trends, pace of recovery of Yum China’s business, the anticipated effects of our innovation, digital and delivery capabilities and investments on growth and beliefs regarding the long-term drivers of Yum China’s business.  Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results or events to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. Numerous factors could cause our actual results or events to differ materially from those expressed or implied by forward- looking statements. In addition, other risks and uncertainties not presently known to us or that we currently believe to be immaterial could affect the accuracy of any such forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the SEC (including the information set forth under the captions "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results.

About Yum China Holdings, Inc.

Yum China is the largest restaurant company in China with a mission to make every life taste beautiful. The Company has over 400,000 employees and operates over 14,000 restaurants under six brands across 1,900 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. Taco Bell offers innovative Mexican-inspired food. Yum China has also partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Yum China has a world-class, digitalized supply chain which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Its strong digital capabilities and loyalty program enable the Company to reach customers faster and serve them better. Yum China is a Fortune 500 company with the vision to be the world’s most innovative pioneer in the restaurant industry. For more information, please visit http://ir.yumchina.com.

Source : KFC China Celebrates the Opening of its 10,000th Store

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DIAMOND BAR, Calif., Dec. 15, 2023 /PRNewswire/ — As the holiday season approaches, Bedsure is delighted to present a curated selection of top picks designed to transform homes into havens of warmth and comfort. Renowned for their commitment to quality and unparalleled coziness, Bedsure invites customers to discover a range of products that promise to make this festive season truly special and affordable.

Optimal Comfort Selection:

Bedsure’s holiday collection features a blend of timeless elegance and contemporary design, ensuring that homes exude both warmth and style, now with up to 50% off. From plush blankets to luxurious throws, each item has been thoughtfully crafted to elevate living spaces and create a cozy retreat from the winter chill.

The Bedsure Striped Flannel Duvet Cover Set might be a great option if someone is looking for a cozy bedding product. The shaggy touch and perfect warmth are ideal for the cold season. The plush, winter-inspired texture invites people to snuggle up in bed while gazing at the chilly scenery outside. The unique striped design is not only aesthetically pleasing but also promotes relaxation. Customers rave about the coziness, with one saying, "It’s so cozy that I’ll be using it now without an insert."

Unparalleled Quality Excellence:

At Bedsure, the emphasis on quality is paramount when it comes to comfort. The top picks for the holiday season showcase the finest materials and craftsmanship, promising a tactile experience that goes beyond the ordinary.

Elevate the room makeover with Bedsure Cotton Waffle Weave Blanket during this holiday. Crafted from 100% pure cotton, this blanket is a perfect gift item known for its exceptional coziness. Ideal for cozy conversations on the sofa, the waffle texture adds an extra layer of comfort. Create an inviting atmosphere for family and friends to gather, chat, and enjoy the holiday festivities.

Elevate Holiday Ambience:

The holiday season is about creating memories and sharing joy. Bedsure’s Top Picks empower customers to transform their living spaces into inviting retreats where cherished moments unfold.

Nothing is more festive than a Holiday-themed bed setting. Immerse the room in the magic of the holidays with the Bedsure Christmas Duvet Cover Set. The fabric is meticulously crafted to provide an extra soft touch, ensuring a luxurious and comfortable feel. With this duvet cover set, people can instantly transform a personal space into a holiday wonderland with festive patterns that evoke the spirit of Christmas. Whether hosting loved ones or simply enjoying a quiet night in, Bedsure Duvet Cover Sets are designed to enhance the festive spirit and make every moment memorable.

Gifts for Every Occasion:

Bedsure’s Top Picks cater to every member of the family. The selection for her features irresistibly soft bedding sets in elegant patterns and colors. Surprise him with the unmatched comfort of stylish throws and pillows, perfect for adding a touch of sophistication to any space. Don’t forget furry friends – Bedsure’s cozy pet beds ensure that even pets can join in the holiday comfort.

Give the gift of comfort this holiday season with Bedsure’s Top Picks. Explore the collection today at https://www.amazon.com/stores/page/41AC56B1-FC06-4DEB-810E-94CED2C594AD?channel=PR_HolidaySeason and discover the perfect blend of style, quality, and coziness for homes. 

About Bedsure:

Founded in 2016, Bedsure is a leading home textile manufacturer with products sold to over 15 million customers worldwide. Currently, Bedsure has over 50 bestselling home products in 8 countries and has maintained a compound growth rate of 100% for five consecutive years. While Bedsure has grown into a global company with diverse products to meet different customer needs, its focus on comfortable home products and everyday value stays the same.

Source : Give the Gift of Comfort: Bedsure's Top Picks for a Cozy Holiday Season Are Now Starting

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BEIJING, Dec. 15, 2023 /PRNewswire/ — JA Solar and Orient Energy Systems have completed Pakistan’s first n-type photovoltaic (PV) power plant project. Since its operation in September 2023, the modules’ excellent power generation performance has been highly recognized by the customer.

JA Solar’s High-Efficiency Modules Applied in Pakistan’s First n-Type Photovoltaic Power Plant

Established in 1996, Orient Energy Systems is one of the top three PV EPC contractors in Pakistan, providing specialized one-stop PV power solutions. The company is committed to a cleaner, greener and more sustainable Pakistan and is a local star performer with extensive experience in the PV sector.

The project, which adopts JA Solar’s n-type high-efficiency modules, has a capacity of 26MW and is installed in the open space of the Lucky Cement plant, the largest cement manufacturer in Pakistan. It is JA Solar’s first shipment of n-type modules in Pakistan, and is also the first PV power plant in Pakistan to adopt n-type modules. The project adopts a "self-generation and self-consumption" model to meet the plant’s power needs, realizing self-sufficiency in energy and effectively reducing energy costs. At the same time, cement manufacturing is a highly energy-consuming industry, the application of PV helps to reduce fossil energy consumption, reduce carbon emissions, and promote the green transformation of energy-consuming industries.

The project is located in a desert area in Pakistan, and JA Solar’s n-type modules have the advantages of lower degradation, better temperature coefficient, higher bifacial power generation gains, and better low irradiance performance, which allow them to generate higher power generation gains even when operating in high-temperature environments in the desert. In addition, the higher ground reflectivity of the local area also allows JA Solar’s n-type modules to generate more back-side power gains. Meanwhile, JA Solar’s n-type modules have been certified and recognized by a number of authorities, including TÜV SÜD, which fully demonstrates the excellent reliability of this type of product and provides a strong guarantee for the long-term stable operation of the power plant.

Source : JA Solar's High-Efficiency Modules Applied in Pakistan's First n-Type Photovoltaic Power Plant

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HONG KONG, Dec. 15, 2023 /PRNewswire/ — It was pomp and circumstance today at the Award Ceremony of the BOCHK Science and Technology Innovation Prize 2023 (BOC STIP), organised by the Hong Kong Alliance of Technology and Innovation and sponsored by the Bank of China (Hong Kong) Limited.

The Prize focuses on five fields: Artificial Intelligence and Robotics, Life and Health, New Materials and New Energy, Advanced Manufacturing, and FinTech. Each year, experts from Hong Kong and overseas are invited to select outstanding scientific researchers/ teams in the above field for their impressive achievements in scientific research as well as the application and commercialization thereof. The prize aims at encouraging science and technology entrepreneurs to explore and persevere in the pursuit of innovation, working together to build on Hong Kong’s strengths, serve the country and contribute to the world.

Since its inception in 2022, the BOC STIP has received wide support from academies, scientific researchers as well as science and technology companies. This year, six laureates are selected, namely Artificial Intelligence and Robotics, Professor Jia Jiaya, the Chinese University of Hong Kong; Life and Health, Dr. Wong Siu-lun Alan, The University of Hong Kong; New Materials and New Energy, Dr.Tang Jinyao, the University of Hong Kong; Advanced Manufacturing, Professor Cheung Chi Fai Benny, the Hongkong Polytechnic University; last but not least, FinTech, Professor Au Man Ho Allen and Professor Luo Xiapu Daniel, the Hong Kong Polytechnic University.

To mark the occasion, Mr. Paul Mo-po CHAN, Financial Secretary of the Government of the Hong Kong Special Administrative Region, Mr. Jianming FANG, Deputy Commissioner, Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Hong Kong Special Administrative Region, Professor Weiming Wang,  Minister of Education, Science and Technology of Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Ms Cheng WU, Deputy Director-General of the Department of Educational, Scientific and Technological Affairs of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Mr. Yu SUN, Vice Chairman and Chief Executive of the Bank of China Hong Kong (Holdings) Limited, Ir Prof. Jin-Guang Teng, President of The Hong Kong Polytechnic University, Professor Ping-kong Alexander Wai, President and Vice-Chancellor of Hong Kong Baptist University, Prof. Yuk Ming Dennis LO, President of Hong Kong Alliance of Technology and Innovation attended the Ceremony as guests of honor. Together with over 150 representatives from the Government, industry, academia, research and private sector, they witnessed the laureates’ achievements and celebrated their success.

Mr. Paul Mo-po CHAN, Financial Secretary of the Government of the Hong Kong Special Administrative Region (HKSAR), reiterated Hong Kong’s strong capability in basic scientific research. He said that with Mainland’s strong support and trust in Hong Kong’s science and technology development, and the HKSAR Government’s philosophy of a "capable government" and an "efficient market", Hong Kong’s science and technology development is presented with tremendous opportunities. Mr. Chan also appreciated that the BOCHK Science and Technology Innovation Prize recognized the motivation and enthusiasm of Hong Kong’s young generation, and motivated the Hong Kong’s outstanding scientific and technological talents to participate in the innovation and technology industry. The Award has enhanced Hong Kong’s technological and innovative atmosphere further, and allowed the Hong Kong’s scientific research achievements to gain more attention in the community, the Mainland and even the world.

Prof. Dennis Y. M. LO, President of the Hong Kong Alliance of Technology and Innovation said: "The diverse backgrounds of this year’s six laureates: professor-turned-entrepreneurs, integrated platform-solution developers, cross-disciplinary researchers in pioneering fields, cutting-edge industrial precision technology inventors and blockchain ecosystem guardians. With extraordinary creativity and the theoretical and practical power of science, they continue to advance human civilization, proving Hong Kong’s capability in science and innovation to serve the needs of our country, gain international recognition and make significant contributions to social development and the well-being of mankind. With the aim of "Boosting Hong Kong and Serving the Country through technology", the BOC STIP follows a "people-oriented" approach and upholds the principle of "innovation in Hong Kong, technology first, and commercial application". The five prize categories are established in response to the nine "strategic emerging industries" proposed in the National 14th Five-Year Plan, and the HKSAR Government’s focus on the development of tech-industries of strategic significance. He has every faith that the BOCHK Science and Technology Innovation Prize will shape Hong Kong into an international innovation and technology hub and help build our country into a tech-powerhouse with a strong talent base, addressing the people’s aspirations, societal needs and the calling of our great new era."

Mr. SUN Yu, Vice Chairman and Chief Executive of Bank of China (Hong Kong), said,"As the country has rapidly developed, Hong Kong’s innovation and technology industry has remained resolutely and sincerely committed to strengthening the nation through science and technology. The country’s technological progress has also provided a platform for scientists and researchers in Hong Kong’s innovation and technology industry to realise their aspirations and showcase their talents. BOCHK is dedicated to embracing technology, driving innovation and advancing digital transformation to provide the public with more convenient, efficient and secure products and services. We are also committed to developing FinTech and providing integrated services, such as investment and financing, to support the growth of the technology and innovation industry in the Greater Bay Area and contribute to the establishment of Hong Kong as an international innovation and technology hub. Through the BOCHK Science and Technology Innovation Prize, we look forward to attracting more talented innovators to engage in Hong Kong’s innovation and technology industry, nurturing new technological achievements that will lead future global trends. BOCHK is eager to collaborate with all sectors of society to support the development of innovation and technology in Hong Kong, with a view to injecting robust momentum into the transformation and upgrading of Hong Kong’s economy and contributing to the city’s long-term prosperity and stability while ensuring that advances in innovation and technology benefit society."

Prof. Christopher CHAO, Vice President of the Hong Kong Alliance of Technology and Innovation, remarked in his closing speech that Hong Kong is on course to become an international innovation and technology hub, which calls for a culture that values scientific spirit, encourages exploration and innovation, as well as being inclusive and understanding. These qualities are perfectly manifested in the BOCHK Science and Technology Innovation Prize. Going forward, the Prize will continue to bring positive influence to Hong Kong’s scientific research community and society at large, boost the city’s science and innovation landscape, and sow the seeds of scientific thinking, insatiable curiosity, and resolute perseverance in the next generation of talent by advocating the success stories of our science professionals.

Through recognizing the outstanding scientific researchers in Hong Kong across the spectrum in their respective field, The BOCHK Science and Technology Innovation Prize champions the mission of "Boosting Hong Kong and Serving the Country through technology", with a view to attracting global top science talent, nurturing forward-looking scientists, and together building the city into an international innovation and technology hub.

About The BOCHK Science and Technology Innovation Prize

The BOCHK Science and Technology Innovation Prize is organised by the Hong Kong Alliance of Technology and Innovation and sponsored by the Bank of China (Hong Kong) Limited, with a focus on five key areas: Artificial Intelligence and Robotics, Life and Health, New Materials and New Energy, Advanced Manufacturing, and FinTech. It not only aims to recognize the outstanding Hong Kong-based science professionals and research teams for their innovation and commercialization thereof, but also encourages them to explore global science and technology frontiers, meet the country’s major strategic needs, and strive to promote the social economic development and people’s livelihood enhancement. The BOC STIP enjoys five unique features: leveraging Hong Kong’s strengths to serve the country, an initiative led by scientists and industry leaders, focusing on the commercial application of research outcome, accepting nominations from the public, and a discretionary cash prize of HKD 2,000,000. For more information, please visit the official website of the BOCHK Science and Technology Innovation Prize: www.stip.hk

For enquiries, please contact:

Beijing-Hong Kong Academic Exchange Centre
Mountain Hsu: 6199 1927  / 28921267
Emma Yang: 6094 4998
Email: [email protected] 

Source : Encouraging Research and Development, Driving the Pursuit of Innovation BOCHK Science and Technology Innovation Prize 2023 Award Ceremony Successfully Held

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network