FREMONT, Calif., Dec. 12, 2023 /PRNewswire/ — Yield Engineering Systems, Inc. (YES), a leading manufacturer of process equipment for semiconductor advanced packaging, life sciences, and "More-than-Moore" applications, today announced that it has received a volume purchase order for the VertaCure™ XP from a Taiwan-based OSAT. The systems, which will be utilized for gold bumping and wafer-level-packaging in high volume manufacturing, will be delivered within the next 6 months to address growing production demands.

"In addition to throughput benefits, excellent particle performance and optimized vacuum curing, these VertaCure XP systems will allow our customers to develop new low temperature applications that expand their product offerings," explained Alex Chow, SVP of Global Sales at YES. "As advanced packaging technology requirements evolve, OSATs will continue to play an important role in the supply chain," Chow continued. "This major win further confirms YES’s ability to deliver operational flexibility, technology leadership and the highest economic value for our customers."

"We are excited to provide the consumer electronic market with new technologies that make products smaller and smarter," added Rezwan Lateef, President of YES. "As advanced packaging market requirements continue to advance, YES remains focused on being the preferred supplier of material modification and surface enhancement solutions."

About YES

Yield Engineering Systems, Inc. (YES) is a preferred provider of high-tech, cost-effective equipment for enhancing surfaces and materials. The company’s product lines include thermal processing systems, chemical vapor deposition (CVD) systems, and wet process equipment used for the precise surface modification of semiconductor substrates, semiconductor and MEMS devices, LED displays, and biodevices. Customers ranging from startups to Fortune 100 companies rely on YES systems to create and volume-produce innovative products in a wide range of markets. YES is headquartered in Fremont, California, with a growing global presence. For more information, please visit yieldengineering.com.

Media Contact

Alex Chow

SVP Business Development &Mktg / Asia President

YES (Yield Engineering Systems, Inc.)

+886-926136155 direct

[email protected]

Source : YES Secures VertaCure™ XP Volume Purchase Order from Tier 1 Taiwanese OSAT

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

NICEHASH WORLD LEADING CRYPTO MINING PLATFORM LAUNCHES IN THE PHILIPPINES

CISION PR Newswire

Dec 12, 2023

MANILA, Philippines, Dec. 12, 2023 /PRNewswire/ — NiceHash, the world’s leading hashpower marketplace, featured in Forbes and Coinbureau, has launched their outstanding one-of-a-kind EasyMining platform with fast wallet registration, awesome tools and choice of low fee mining packages.

NiceHash is a cloud crypto mining hashpower platform founded in 2014 by two Slovenian university students, that has grown into the largest marketplace on the planet, supporting more than 250,000 daily active miners and more than 1 million miners total users across 190 countries.

As a global hashpower broker and cryptocurrency exchange, Nicehash is an open marketplace that connects sellers of hashing power with buyers of hashing power using the sharing economy approach.

NiceHash Miners can easily buy time on CPU, GPU, and ASIC mining rigs to start earning crypto. Alternatively, they can sell their existing mining capacity to other miners to earn income. It is a powerful platform for miners who want to get into Bitcoin mining without setting up their own data centre.

Nicehash is a legitimate platform with a number of safety measures in place to protect users’ accounts and funds. These include SSL encryption, 2-factor authentication, and email alerts about all activity on a user’s account.

Unique Benefits and Advantages.

Users can mine cryptocurrencies with as little as 0.001 BTC.
Supports 34 different mining algorithms and dozens of cryptocurrencies.
Quick Miner automated mining software is easy to use.
Enables anyone to sell hashpower for mining.
Offers short-term mining solutions (less than one day)
No contracts

First Mining platform of its kind.
Fast User Friendly Website / App Experience
24/7 multilingual customer support
Low Fees
Multi language

Key Features:

Hashpower Marketplace

The hashpower marketplace is at the heart of NiceHash mining. This is where miners and hashpower providers come together. Prices in the marketplace are automatically updated every 10 seconds in response to changing crypto prices, varying hashpower availability, and changing demand from miners.

QuickMiner

Quick Miner is an easy-to-use software developed by NiceHash specifically for NiceHash users. It is fully secure and enables miners to start mining on their own computer or on rented hashpower within seconds.

Profitability Calculator

The NiceHash profitability calculator is designed for hashpower sellers. It enables you to enter details about a mining rig and associated electricity costs then determine potential daily profits from mining.

CPU, GPU, and ASIC Mining

Notably, the hashpower marketplace supports CPU, GPU, and ASIC mining. Different mining rigs are suitable for mining different tokens, so this enables miners to focus on whatever mining algorithm and token combination is most profitable at any time.

EasyMining is the easiest way to mine bitcoin and many other cryptocurrencies. It enables anyone to start mining with no prior knowledge, and all the complexity is removed. Users can simply select the coin they want to mine and let the platform take care of the mining.

Source : NICEHASH WORLD LEADING CRYPTO MINING PLATFORM LAUNCHES IN THE PHILIPPINES

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

Tenity Global Market Expansion Program Opens Doors to SEA Growth for Korean Startups

CISION PR Newswire

Dec 12, 2023

Tenity Global Market Expansion Program Opens Doors to SEA Growth for Korean Startups

SINGAPORE, Dec. 12, 2023 /PRNewswire/ — Tenity, a leading innovation ecosystem and early-stage investor, is proud to announce the successful conclusion of the 2023 Global Market Expansion Program (GMEP). The intensive six-week on-site program in Singapore provided ten talented Korean startups in the Smart City sector with the capabilities and connections to expand across Singapore and Southeast Asia (SEA).

Singapore has emerged as a hub for Korean startups looking to go global, maintaining its ranking as 1st in Asia Pacific and within the top 10 startup ecosystems globally in 2023. The city-state is home to around 4,000 tech startups and over 400 venture capital firms, with early-stage funding deals rising 33% in 2022. In the same year, the combined number of Korean startups expanding overseas and entrepreneurs of Korean-led ventures launched abroad totalled around 300.

The success of Tenity’s Global Market Expansion Program highlights Singapore as a springboard for innovative Korean startups to access the region’s high-growth markets. With substantial funding, supportive policies, and a strong investor appetite, Singapore offers an ideal environment for Korean startups to establish regional capabilities and customer traction.

The curriculum covered practical aspects of regional expansion, including optimizing business models, crafting go-to-market strategies, market research, building sales and marketing capabilities, navigating regulations and scaling across borders. Participants also benefited from networking opportunities with key ecosystem players.

A capstone Demo Day was held on November 9th in Singapore, allowing the startups to pitch to investors, potential corporate partners, and other startups. This opened up tangible opportunities for funding, partnerships, and piloting new solutions.

"The Global Market Expansion Program opens doors for ambitious Korean startups to access thriving Southeast Asia markets," said Julie Choi, Director at Tenity Singapore, "We take pride in facilitating the success of 10 highly innovative Korean startups entering Singapore. We continue to seek like-minded partners who share our vision of building a global innovation ecosystem."

The program was conducted in collaboration with the Korea Institute of Startup and Entrepreneurship Development (KISED), supported by South Korea’s Ministry of SMEs and Startups, Smart City Association and N15 Partners.

With the success of the 2023 cohort, Tenity’s GMEP has proven to be the leading pathway for Korean startups to gain customers, funding, and capabilities to scale across SEA’s high-growth markets.

About Tenity 

Tenity is a leading global innovation ecosystem and early-stage investor with hubs in Switzerland, Singapore, Nordics and Baltics, and Spain. Its vision is to create the future of innovation by accelerating tech startups and connecting them with big businesses, investors, and industry experts. Since its inception in 2015, more than 280 tech startups have participated in Tenity programs, both at the early- and growth stages, which have attracted more than USD 370M in funding.   

Find out more at www.tenity.com.

Tenity Global Market Expansion Program Opens Doors to SEA Growth for Korean Startups

Source : Tenity Global Market Expansion Program Opens Doors to SEA Growth for Korean Startups

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

2023 Citi Residential Property Ownership Survey

Corporate News Media OutReach

Dec 12, 2023

2023 Citi Residential Property Ownership Survey

Over 10% of respondents think it is a good time now to buy a property, the second highest proportion recorded in the past 11 years

Dream of home ownership undeterred by falling home prices as over one-fifth of young respondents remain interested in buying a new home

HONG KONG SAR – Media OutReach Newswire – 12 December 2023 – Citi Hong Kong conducted a survey in September 2023 on residential property ownership in Hong Kong. The survey results found that:

The proportion of respondents anticipating a rise in housing prices in the coming 12 months dropped to 10% in Q3 this year, compared with 12% in the same period last year. More than half of the respondents expected that housing prices would decline in the coming 12 months.
The proportion of respondents who think it is a good time now to buy a property fell to 13%, three percentage points down from the same period last year but still the second highest proportion recorded in the past 11 years.
13% of the respondents expressed an interest in home ownership, two percentage points down from the same period last year. Of this group of respondents, 75% expected housing prices falling further to the point where making a purchase would eventually be considered desirable. There is a median gap of 24% between the perceived ideal housing price and the current market price. Among those who are interested to buy a property, the median of their ideal price is HK$5 million.
The respondents in the age group between 21 and 29 were most interested in home ownership, with 21% expressing an interest to buy a property, representing the same level of interest seen last year. Among the young respondents, their discontent to their current place of residence is mostly related to their dissatisfaction with the transport network and supporting facilities there.
80% of the young respondents showed support for easing the “cooling measures” for the housing market, while 93% expressed support for a re-launch of down payment assistance policy. 56% of the respondents pointed to the positive effect of lower stamp duties on their desire to purchase a property and the price range of properties available for selection, while 46% suggested that a relaxation of property value limits for mortgage insurance would create a similar effect.
For respondents who purchased property in the past five years, the top three reasons are: “desire for a more spacious living environment” (56%), “better transport accessibility” (41%), and “capitalizing on a buying opportunity accorded by falling property prices” (33%).
26% of the respondents who purchased property in the past five years opted for pre-sale properties, with approximately the same proportions choosing between the Cash Payment Plan and the Stage Payment Plan.
87% of the home-owner respondents expressed no interest in selling their property. 48% believed that the selling price should closely reflect the market price, compared with nearly 40% who suggested that the selling price should go above the market and merit a median premium of 20% over the market price.
12% of home-owner respondents expressed an interest in changing to a new property. The primary reason cited by 70% of them was a genuine need for a new home. Another 16% mentioned the availability of more suitable units in the market, while nearly 10% suggested the attraction of falling property prices.

10% of respondents remain optimistic about the housing market in the coming year despite the current downturn; while over 10% of respondents have expressed an interest in buying a property and the same proportion considers that now is an opportune time to do so

During Q3 2023, 10% of the respondents believed that housing prices would rise in the coming year. This proportion represents a decrease of two percentage points from the same period last year. While another 57% of respondents expected housing prices to fall, 13% of respondents think it is a good time now to buy a property, hitting a second highest record in the past 11 years, easing back from the record-high of 16% last year.

While the percentage of respondents considering now a good time to enter the market has remained historically high, many respondents are actually holding onto a wait-and-see attitude towards home ownership. This year, the percentage of respondents expressing an interest in home ownership has reverted to 13%, the level seen in 2021 and down two percentage points from the same period last year. Of this group of respondents, 75% expressed the wish to see housing prices declining further until reaching the level they would perceive as desirable for making a purchase. The level of price decline expected is quite significant, with the anticipated median downturn estimated at 24%. When asked about the level of property price considered ideal, those respondents interested in home ownership suggested a median price of HK$5 million, way lower than the current median housing price in Hong Kong.

In the sluggish property market, young respondents show the greatest interest in home ownership and support relaxation of the “cooling measures” for the housing market

Young respondents aged between 21 and 29 showed the highest interest in home ownership, representing over one-fifth of the relevant age group and a similar proportion to the previous year. The survey also reveals that young respondents interested in home ownership or relocating were driven by dissatisfaction with their current living conditions, mostly related to dissatisfaction with the current transport network and supporting facilities. While the “cooling measures” for the housing market had not yet been eased at the time of the survey, any relaxation of these measures was readily welcomed by the respondents, especially the younger ones. 80% of the young respondents expressed support for easing the property curbs, while over 90% showed support for a re-launch of down payment assistance policy. Also nearly 60% of the respondents pointed to the positive effect of lower stamp duties on their desire to purchase a property and the price range of properties available for selection. Close to 50% of the respondents suggested that a relaxation of property value limits for mortgage insurance would create a similar effect.

The respondents who purchased property in the past five years were asked about their reasons for buying a new home. The top five reasons given are: “desire for a more spacious living environment”, “better transport accessibility”, “capitalizing on a buying opportunity accorded by falling property prices”, “preparing for marriage”, and “expecting a new family member”. Over 25% of these home buyers opted for pre-sale properties, with approximately the same proportions of them choosing between the Cash Payment Plan and the Stage Payment Plan.

Nearly 90% of home-owner respondents not interested in selling their properties, with just over 10% expressing an interest in changing homes

Of the home-owner respondents surveyed, nearly 90% expressed no interest in selling their properties. Nearly half believed that the selling price should closely reflect the market price, while almost 40% suggested that the selling price should go above the market and even expected it to fetch a median premium of 20% over the market price.

More than 10% of the home-owner respondents surveyed expressed an interest in changing homes. When asked about their reasons, 70% cited a genuine need for a new home, nearly 20% mentioned the availability of more suitable units in the market, and close to 10% suggested they were lured by falling property prices into wishing to change homes.

How do you think home prices will trend in the next 12 months?
Percentage of Respondents
	Q3 2020	Q3 2021	Q3 2022	Q3 2023
Upward	23%	38%	12%	10%
Flat	34%	37%	37%	33%
Downward	43%	25%	51%	57%

If you do not own any property now, taking your current standard of living and family finances into consideration, do you think it is a good time to purchase a home now?
Percentage of Respondents
	Q3 2020	Q3 2021	Q3 2022	Q3 2023
A good/an excellent time to purchase	10%	4%	16%	13%
Neutral	36%	41%	51%	42%
A bad/terrible time to purchase	54%	55%	34%	45%

How interested are you in purchasing a property now?
Percentage of Respondents
	Q3 2020	Q3 2021	Q3 2022	Q3 2023
Very/rather interested	17%	13%	15%	13%
Neutral	28%	33%	41%	36%
Very/rather uninterested	55%	54%	44%	51%

The survey results reflect that the respondents generally expect property price adjustments. However, the dream of home ownership remains alive among over one-fifth of the young respondents. Prospective homebuyers are best advised to start as early as possible to review their asset allocation, assess their personal financial condition comprehensively, and identify an appropriate mortgage plan. The sooner they start preparing, the faster they can expect to gradually realize their home ownership goals.

Citi Hong Kong commissioned the Chinese University of Hong Kong and Cimigo Limited to conduct the survey, interviewing a random sample of over 1,100 Hong Kong citizens in September 2023 via telephone and street interviews. Since 2010, Citi Hong Kong has been conducting surveys of the Hong Kong housing market to assess the current state of home ownership in the SAR, gauge public intentions towards home ownership, and track public expectations of future housing price trends.

Source: 2023 Citibank Residential Property Ownership Survey

Hashtag: #Citibank

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

About Citi

Citi is a pre-eminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at http://www.citigroup.com| Twitter: @Citi | LinkedIn: www.linkedin.com/company/citi |YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

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This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.

Redefining Reliability, Geberit Extends Spare Parts Availability to 50 Years for Concealed Cisterns and Actuator Plates

CISION PR Newswire

Dec 12, 2023

SINGAPORE, Dec. 11, 2023 /PRNewswire/ — Geberit, a leading provider of sanitary products and systems, unveiled a guarantee for 50 years of spare parts availability for all replaceable mechanical components of their concealed cisterns, including the actuator plate, earlier this year.

Geberit Sigma Duofix concealed cistern individual parts

This significant extension doubles the previous 25-year guarantee, further exemplifying Geberit’s commitment to exceptional quality and customer satisfaction over the long term.

Durability – A Plus for the Environment and Customers

With over five decades of in-house production experience, Geberit has ensured the availability of spare parts for their concealed cisterns for over 50 years, making upgrading seamless and individual parts easily repairable or replaceable. The company takes pride in combining quality manufacturing with durability and tradition, as its concealed cisterns have adorned modern bathrooms for years.

"At Geberit, we firmly believe in creating products that stand the test of time," said Michael Allenspach, Managing Director at Geberit North and Southeast Asia. "Our 50-year spare parts availability demonstrates our dedication to reliable, long-lasting products that offer stability and peace of mind."

Engineered for heavy usage, the concealed cistern frame integrated into the wall and toilet can bear loads of up to 400 kg. In addition, each cistern undergoes stringent quality checks and is blow-moulded in one piece to prevent leaks and defects over decades of use.

Effortless Maintenance and Upgradeability

The extended 50-year guarantee enables easy maintenance and upgradability. With the backwards compatibility of continuously improved components, customers can constantly update their cistern technology.

By installing concealed cisterns behind the wall, Geberit also ensures that technical components stay out of sight and mind when cleaning. This hidden design reduces water usage and enhances water efficiency as well.

An Eco-Friendly, Customer-Focused Approach

Geberit’s durable concealed cisterns exemplify the company’s eco-friendly, customer-first strategy. The long lifespan avoids premature replacement, saving customers unnecessary work and expenses and reducing environmental impact.

"As a sustainability-focused company, Geberit aims to manufacture products that contribute to our shared goals around resource conversation," said Michael Allenspach. "With features made for enduring performance, our concealed cisterns promote extended use lifecycles while providing reliability and aesthetic appeal."

For more information on Geberit’s full range of products, visit www.geberit.com.sg.

About Geberit

The globally operating Geberit Group is a European leader in the field of bathroom systems and technologies. Geberit operates with a strong local presence in most European countries, providing unique added value when it comes to sanitary technology and bathroom ceramics. The production network encompasses 26 production facilities, of which four are located overseas. The Group is headquartered in Rapperswil-Jona, Switzerland. With around 12,000 employees in about 50 countries, Geberit generated sales of CHF 3.4 billion in 2022. The Geberit shares are listed on the SIX Swiss Exchange and have been included in the SMI (Swiss Market Index) since 2012.

Source : Redefining Reliability, Geberit Extends Spare Parts Availability to 50 Years for Concealed Cisterns and Actuator Plates

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

Salary ranges for Hong Kong professionals to remain static in 2024 while the recruitment market slowly recovers

Corporate News Media OutReach

Dec 12, 2023

Salary ranges for Hong Kong professionals to remain static in 2024 while the recruitment market slowly recovers

HONG KONG SAR – Media OutReach Newswire – 12 December 2023 – The job market in Hong Kong has faced significant challenges in 2023, amidst concerns of a global recession. However, there are signs of potential marginal improvements in 2024 compared to 2023, indicating a slow recovery.

Only 58% of professionals anticipate a pay rise in the next year. Among those not expecting a rise, 68% stated that the industry or business they work in has been heavily impacted by the current economic climate. When asked about the confidence level about job opportunities in their fields, only half of the candidates (50%) feel optimistic, compared to 63% in December 2022.

On the employer front, although over three quarters (76%) of surveyed employers intend to give their employees a pay rise in the new year, 81% of these employers have stated that the salary increment will be below 6%. This is indicative of a conservative approach and prioritisation of cost control strategies within companies.

These are some of the key findings on employees and companies in Hong Kong, based on specialist professional recruitment firm Robert Walters’ global Salary Survey 2024, an authoritative analysis and benchmark of salary trends.

Marginal salary growth

According to the survey, the average of the salary ranges of professionals in Hong Kong are projected to remain relatively stagnant throughout 2024, as businesses play catch-up to inflation and rising business costs. Across industries, the salary adjustments for most functions are a mere 1%, except for construction, property & engineering which is expected to have a 3% growth in 2024. Salary increment for changing jobs is expected to be lower, from an average of 15-20% in 2023 to 5-10% in 2024. Job cuts are expected to continue in some areas, such as investment banking, in 2024, due to over-hiring in 2021-2022.

“The market is slowly improving, although employer and candidate confidence remains quite fragile. While the increase in numbers hired may not be significant, we anticipate a slight improvement to the recruitment market in 2024.” John Mullally, Managing Director of Robert Walters comments.

Over half of the job seekers consider a counteroffer

The survey reveals that 74% of employees are actively seeking new job opportunities within the next 12 months. The desire for career progression (37%) emerged as the primary factor driving job change. Interestingly, when asked if they are willing to consider a counteroffer from their current employer, 52% stated they would do so, even after accepting a new job offer.

“As pay expectations moderate, employees are increasingly prioritising job security and career development opportunities,” said John. “Once one has made the decision to resign, reneging on that decision and accepting a counteroffer can create more issues down the line and may not actually change the factors that led one to resign in the first place.” In fact, among the respondents who had accepted a counteroffer in the past, 38% of them left that company within 6 months.

Generalisation of roles in the market

According to Robert Walters Hong Kong, hiring in Hong Kong has been focused on mid-level positions in 2023. Departures and downsizing at senior levels has led to those roles being staffed with more junior candidates (e.g. replacing directors with vice presidents). This trend reflects an overall desire among companies to reduce costs by replacing senior roles with candidates one level of seniority below.

Surveyed employers reveal that junior to associate level professionals are more likely to receive a 6-10% salary increase compared to senior professionals.

Meanwhile, contract hiring is likely to increase across tech, financial services and commerce sectors as employers seek a more flexible workforce to adapt to changing business conditions.

Technology and AI to lead talent demand

In 2024, technology, particularly A.I. and machine learning, will remain in high demand among employers. “Companies were looking to AI to deliver improvements in productivity and increasing automation of processes”, said John. 43% of the surveyed employers have explored or are exploring the use of A.I. models as a solution to replace routine tasks or administrative work. However, employees have yet to fully embrace these changes, with 44% of employees expressing some degree of concern about the impact of technology changes in their companies.

“The demand for candidates with expertise in artificial intelligence (A.I.) continues to rise. Candidates with a deep understanding of building and utilizing A.I. models are highly sought after.”

Hong Kong top in-demand professions for 2024:
· Accounting & Finance: Finance Business Partners, Corporate Finance, Commercial Analysts
· Construction, Property & Engineering: Sustainability Directors, Project Engineers, Leasing Managers
· Financial Services: Credit Risk, I.T. Audit, Regulatory Reporting (Capital Management)
· Human Resources: HR Business Partners, C&B Managers, HRIS
· Legal & Compliance: Derivatives Lawyers, AML Specialists, Funds Lawyers
· Sales & Marketing: Digital Marketing Managers, Performance Marketing Specialists
· Supply Chain, Procurement & Logistics: Account Managers
· Technology & Transformation: Data Engineers, Cyber Security Specialists, Full-Stack Developers

Hashtag: #SalarySurvey2024 #RobertWaltersHongKong #HongKongHiringMarket #HiringTrends

https://www.robertwalters.com.hk/
https://www.linkedin.com/company/robert-walters

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

Robert Walters Hong Kong

Established in 1985, Robert Walters is one of the world’s leading specialist professional recruitment consultancies spanning 31 markets. The Hong Kong office specialises in placing high-calibre professionals on a permanent or contract basis in the following specialities: accounting & finance, construction, property & engineering, financial services, human resources, legal & compliance, sales & marketing, supply chain, logistics & procurement, and tech & transformation.

About the Robert Walters Digital Salary Survey – Around the globe, employers and professionals alike have been relying on the Robert Walters Salary Survey to help them make critical decisions for their businesses and careers. The digital edition of the Salary Survey is a comprehensive guide to salaries for thousands of roles in 31 locations, and it is packed with helpful tools and resources for hiring managers and job seekers alike, including the latest trends and analysis for different industries, as well as video updates on market conditions from industry experts.

For details of the Robert Walters Salary Survey 2024, please contact us or visit: www.robertwalters.com.hk/salarysurvey

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This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.

MINISO Group Gives Updates on Increase Plan in Shareholding by Management

CISION PR Newswire

Dec 12, 2023

GUANGZHOU, China, Dec. 12, 2023 /PRNewswire/ — MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that Mr. Zhang Jingjing, the Company’s Chief Financial Officer and Vice President, together with Mr. Huang Zheng, General Manager of MINISO Overseas distributor markets and Vice President, and Mr. Yao Jianzheng, General Manager of MINISO China and Vice President (together as the "Management"), have acquired the Company’s shares in the open market in the amounts of about USD400,000, USD300,000 and USD300,000 respectively as of the date of this press release, re-affirming their commitment and confidence in the value and long-term development of the Company. The Management may further increase their shareholding in the Company as and when appropriate and subject to compliance with the applicable laws and regulations.

Shareholders and potential investors should note that any share purchase by the Company’s management may be done subject to market conditions and at the individual’s absolute discretion. Shareholders and potential investors should therefore exercise caution when dealing in the shares.

About MINISO Group

MINISO Group is a global value retailer offering a variety of trendy lifestyle products featuring IP design. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO’s wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand "MINISO" as a globally recognized retail brand and established a massive store network worldwide. For more information, please visit https://ir.miniso.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to,", "potential," "continue" or other similar expressions. Among other things, the quotations from management in this announcement, as well as MINISO’s strategic and operational plans, contain forward-looking statements. MINISO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC") and The Stock Exchange of Hong Kong Limited (the "HKEX"), 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 MINISO’s beliefs 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: MINISO’s mission, goals and strategies; future business development, financial conditions and results of operations; the expected growth of the retail market and the market of branded variety retail of lifestyle products in China and globally; expectations regarding demand for and market acceptance of MINISO’s products; expectations regarding MINISO’s relationships with consumers, suppliers, MINISO Retail Partners, local distributors, and other business partners; competition in the industry; proposed use of proceeds; and relevant government policies and regulations relating to MINISO’s business and the industry. Further information regarding these and other risks is included in MINISO’s filings with the SEC and the HKEX. All information provided in this press release and in the attachments is as of the date of this press release, and MINISO undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact:

Raine Hu
MINISO Group Holding Limited
Email: [email protected]
Phone: +86 (20) 36228788 Ext.8039

Source : MINISO Group Gives Updates on Increase Plan in Shareholding by Management

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

Yaly Couture combines imported and Vietnamese fabrics for "The Edge of Elegance" collection

CISION PR Newswire

Dec 12, 2023

"The Edge of Elegance" collection was designed by Ms. Trinh Diem Quynh in collaboration with Casper Bosman

In the ancient town of Hoi An on the banks of the peaceful Hoai River, the collection "The Edge of Elegance" by the Vietnamese brand Yaly in collaboration with a South African designer truly touched the hearts of fashion lovers, not only in Vietnam but worldwide. Here, Miss Vietnam Tieu Vy also received direct support from her mother when being the vedette in her hometown.

HOI AN, Vietnam, Dec. 12, 2023 /PRNewswire/ — On the evening of December 10, the fashion show with the theme "The Edge of Elegance" officially took place at Song Hoai Square, Hoi An, Vietnam. The collection combined traditional handicraft elements of beading, hand embroidery and modern tailoring techniques to respond to Hoi An’s participation in the networks of UNESCO Creative Cities in handicrafts and folk art. Choosing the location to hold the show, Ms. Trinh Diem Quynh – CEO and designer of the Yaly Couture & Custom Tailor brand said: "I want to organize the show right on the land that Yaly has developed and contribute to promoting the beauty of culture and lifestyle of the people of Hoi An, Vietnam to the world".

"The Edge of Elegance" collection was designed by Ms. Trinh Diem Quynh in collaboration with Casper Bosman

"The Edge of Elegance" collection was designed by Ms. Trinh Diem Quynh in collaboration with Casper Bosman. Both poured their heart and soul into each product. In addition, the famous woman in the textile industry of Hoi An also took on the role of creative director for the show. Not only talented in design, Ms. Trinh Diem Quynh also aim to helping and preserving traditional crafts to bring Vietnamese fashion to the world. Her partner in this show, Casper Bosman is a famous South African designer who created the dress of Miss World 2014 – Rolene Strauss. His name has appeared in top publications and television shows as a talented fashion creator in his own country.

The minimalist show stage decorated with white flowers made the collection stand out. The beautiful Kim Nhung was the first model to grace the runway. She greeted the show with a voluminous chiffon dress meticulously embellished with flowers and multi-layered tulle that clearly conveyed the spirit of Couture.

Source : Yaly Couture combines imported and Vietnamese fabrics for "The Edge of Elegance" collection

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