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Asian Hardware Online Exhibition 2023 Grand Opening

Asian Hardware Online Exhibition 2023 Grand Opening

TAIPEI, TAIWAN – Media OutReach – 7 September 2023 – Asian Hardware Online Exhibition (AsianHardware 2023) is a virtual and physical integration targeting Asian suppliers, importers, and exporters. It will be exhibited from September 07, 2023, to March 06, 2024, and will be an excellent opportunity for exhibitors to expose their brands. This transnational trade event, jointly organized by AsianNet and TradeAsia (www.e-tradeasia.com), be held once a year starting in 2022. In terms of quality and quantity, there are satisfactory results. In 2023, we will expand the scale. During the six-month extension period, there will be in line with the show schedule of the Expo Nacional Ferretera and the International Hardware Fair Cologne (IHF) to create group momentum. It is convenient for international buyers to visit and compare in one purchase.

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TradeAsia, the organizer of the Asian Hardware Online Exhibition (AsianHardware 2023), invited dozens of Taiwanese suppliers of hardware products to participate. The top-notch brands include SCANO INDUSTRIAL, KINGDOM ABRASIVE, KCS ENTERPRISE, ASCCO INTERNATIONAL, TOWER POPULAR IND, JERN YAO ENTERPRISES, AN JARL ENTERPRISE, MASTER RESOURCE, JINTAY, A-BELT-LIN INDUSTRIAL, CHUN CHENG PLASTICS, AMEX HARDWARE, CASEMATE PLASTICS INDUSTRIES are all gearing up to showcase their products.

Manufacturers and product categories have covered Hand Tools, Power Tools & Accessory, Pneumatic & Air Tools, Machine Tools, Hydraulic Tools, Cleaning Equipment, Welding Equipment, Tool Part & Accessory, Construction Tools, Measuring & Gauging Tools, Screws, Fastener and Nail, General Hardware, Lock & Safe, Bathroom Hardware, Plumbing Hardware, Sanitary Ware & Plumbing, Bathroom & Fitting, Door & Window Hardware, Furniture Hardware, Cabinet Hardware, Paint & Coating, Adhesive & Sealant, Building Apparatus, Building Material, Battery, Wires, Cable & Cable Assembly, Agricultural & Gardening Tools, Outdoor Furniture, Light and Lighting, Vehicle Equipment & Tools, Auto Accessories, Metal Processing Machinery, Mold Making Machine, Logistic Supply, Workplace Safety Products, Fire and Safety Products, Pollution Control with thousands of latest products, tools, and equipment on display. It can be said to be rich and professional. In addition, TradeAsia simultaneously participated in the physical booth of the 2023 Taiwan Hardware Show and displayed exhibitor information simultaneously, establishing a win-win exhibition model by integrating virtual and physical.

AsianHardware 2023 Online Exhibition:
https://www.etradeasia.com/online-show/28/Asian-Hardware-Online-Exhibition-2023.html

Show Booth:2023 Taiwan Hardware Show

Although the Covid-19 epidemic is slowing down, global countries have gradually unblocked. However, the international flow of people still needs to recover. At this time, online activities can make up for this deficiency by expand marketing. The Asian Hardware Show (AsianHardware 2023) provides a variety of online exhibition solutions, including exhibition pages, electronic catalogs, or virtual exhibition halls, and connects products and exhibitor information with TradeAsia, so that even if international buyers are thousands of miles away, they can easily visit and visit, and will not be affected by the travel and quarantine of personnel. They can further see the manufacturer’s particular page and leave information simultaneously.

TradeAsia (www.e-tradeasia.com) has provided B2B international trade services for buyers and sellers since 1997. It is the most experienced and professional trade platform in the world. We currently have millions of global members, over 600,000 suppliers, and millions of the latest products. Thousands of professional buyers worldwide find products and contact sellers daily for business cooperation. TradeAsia is a significant trade promotion channel in Asia.

TradeAsia also partners with hundreds of trading entities worldwide to exchange marketing and promotion exposure. Therefore, the suppliers who go online on the TradeAsia will have the opportunity to be synchronized to the publicity pages of multiple trade platforms or exhibition entities worldwide, significantly increasing their international marketing power. During this time, AsianHardware 2023, we will also simultaneously broadcast promotional messages globally.

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

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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.

ETC USDT Summer Surge Meets BingX’s Zero-Slippage Trading Launch

ETC USDT Summer Surge Meets BingX's Zero-Slippage Trading Launch
SINGAPORE – Media OutReach – 7 September 2023 – As the cryptocurrency market experiences a summer surge, particularly in the ETC USDT trading pair, BingX is thrilled to announce the launch of its zero-slippage “Guaranteed Price” feature. This timely introduction aims to capitalize on the market’s momentum, offering traders an unparalleled experience with the ETC USDT pair.

The Summer Surge in ETC/USDT

Ethereum Classic (ETC), a hard fork of Ethereum (ETH), has been gaining significant traction this summer. With its focus on smart contracts and decentralized applications (DApps), ETC has differentiated itself from its predecessor, Ethereum. The ETC/USDT trading pair has been a notable performer, attracting increased trading volumes and investor interest. Notably, the overall trading volume of ETC has seen an increment of 30% since June 2023, signaling strong market enthusiasm.

BingX’s Zero-Slippage Trading

BingX’s newly launched “Guaranteed Price” feature offers zero-slippage trading across all 172 trading pairs on its perpetual futures platform, including the upcoming ETC/USDT pair. This feature ensures that traders can execute their trades at the exact price they desire, enhancing the overall trading experience.

To celebrate this launch, BingX is running a promotion. During this period, traders who enable the “Guaranteed Price” feature and complete specific tasks can win a 10 USDT voucher and share a prize pool of 1 BTC.

How to Participate

  1. Task 1: Orders with IDs ending in 1, 6, or 8 will earn a 10 USDT voucher.
  2. Task 2: Orders that are successfully triggered, with a total trading volume of 10,000 USDT, will share 1 BTC according to the actual trading volume.


Rules and Regulations

  1. Rewards will be credited to your fund account within 5 working days after the promotion.
  2. BingX reserves the right to the final interpretation of the promotion. Any malicious trading behavior will result in disqualification.

Hashtag: #bingx #cryptoexchange

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

About BingX

Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way.

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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.

ONE CENTRAL MACAU Celebrates the Year of Picasso with "Pablo Picasso: Paintings in Glass" as Part of the "Art Macao" Exhibition

ONE CENTRAL MACAU Celebrates the Year of Picasso with  "Pablo Picasso: Paintings in Glass" as Part of the "Art Macao" Exhibition

The very first Macau showing of Picasso’s artworks in gemmaux

MACAU – Media OutReach – 7 September 2023 – As part of “Art Macao: Macao International Art Biennale 2023”, organised by the Macao SAR Government, One Central Macau proudly presents for the first time in Macau, “Pablo Picasso: Paintings in Glass” sponsored by Hongkong Land. Aligning with the objective of Art Macao, this show will contribute to arts and culture in Macau, establishing it further as a World Heritage city. The six artworks in this show are among fifty works, unique and signed, selected by Picasso himself between 1954 and 1957, among his most exemplary works to be interpreted in gemmail (French for ‘enamel gem’).

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One Central Macau’s Picasso Gemmaux artwork to premiere in Macau

This exhibition is the very first Macau showing of Picasso’s artworks in gemmaux to be presented at the Atrium of One Central Macau with free admission from today until 31st October. This showcase offers a rare opportunity to appreciate many of Picasso’s most important artworks. As part of Art Macao’s theme, “The Statistics of Fortune”, this show features works that are reminiscent of the technique of stained glass seen in churches in aesthetics, yet they are back lit light boxes engineered by a workshop led by physicist Roger Malherbe-Navarre working on light diffraction in Paris in the mid 1950’s. At the time, the technique was extremely innovative. The layering of several panes of carefully assembled glass gave Picasso’s artworks the third dimensionality he sought to achieve in paintings. The technology of these backlit light boxes also gives a new life to the colours, as well as preserving them closer to the intention of the artist. Impressed by the gemmistes’ masterful assembling and fusing of carefully selected glass, Picasso declared ‘A new art is born!’

Intimate retrospective into life of renowned artistic genius

This exhibition features a special curation of six gemmaux artworks, representing many of Picasso’s closest and most influential ‘studies’ of life. Among them are ‘Femme assise’, an early portrait of Dora Maar, fellow artist and lover who led him to create the masterpiece Guernica, and the very first gemmail work Picasso signed. Another iconic work is the ‘Portrait of Marie-Therese Walter’, in which Picasso depicts the French model Marie-Therese Walter, who gave birth to his first daughter, and Mere et Enfant, in which Picasso’s wife Olga and his first son, Dora Maar, are depicted. The exclusive series also includes a striking self-portrait of the artist himself, executed in an emotionally expressive style. This year marks the 50th anniversary of Picasso’s death and the artworks on display are borrowed from private collections.

“We hold a deep appreciation for the role of arts in society and have dedicated ourselves to honouring cultural heritage. We envision ONE CENTRAL MACAU to serve as a canvas that connects art with the community. This Picasso exhibition is the latest initiative which aims to educate, engage and inspire the community in Macau, inviting people to revel in the beauty of diverse cultural expressions.” said Jennifer Lam, Director & Head of Marketing & Communications at Hongkong Land.

Sherry Wong, Chairperson of the Hongkong Land Art Committee, states, “Art Macao is the most important cultural and artistic event of Macau organised by the government and, we are enthusiastic in our participation. Hongkong Land is continually exploring opportunities to both advance and enhance artistic vibrancy by fully reflecting the trends and cultural life of the Macau community. We are especially pleased to present the exhibition “Pablo Picasso: Paintings in Glass”, offering an opportunity to both discover and fully appreciate the creativity and personality of one of our greatest and most popular artists.”

The unique display of original artworks is featured at the atrium of One Central Macau, with enlarged reproductions of each work displayed on the back of the painting, making it easy for the public to view the series of masterpieces from other locations in the atrium. Be inspired by “Pablo Picasso: Paintings in Glass” at One Central Macau.

“Pablo Picasso: Paintings in Glass”
Date : From now – 31st October, 2023
Admission: Free entry
Location: G/F, Atrium, One Central Macau
Avenida de Sagres, Nape, Macau

Editor’s Note:
The Hongkong Land Art Committee consists of members from a wide range of backgrounds – each one with a keen interest in art and culture – coming from a wide variety of key departments within the company. The committee provides a distinctive perspective about art with the mission to inspire, educate and cultivate an appreciation and curiosity for arts and culture, in order to preserve its heritage while making it accessible to all.

Hashtag: #onecentralmacau #artmacau #pabolpicasso #gemmaux #paintingsinglass

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

About ONE CENTRAL Macau

One Central Macau is a leading shopping destination on the harbour front of Macau Peninsula. Spanning 200,000 square feet in leasable shop area, it houses a spectacular array of leading international designer brands, including Boucheron, BVLGARI, Burberry, Cartier, Dior, Dolce & Gabbana, Zegna, FENDI, Gucci, Hermès, Loewe, Louis Vuitton, Luck Hock Watch, Patek Philippe and more. These brands have chosen to establish their duplex or multi-storey flagship stores, or their first or biggest outlet in Macau at One Central.

The cosmopolitan lifestyle complex also features 7 luxurious residential towers, the Mandarin Oriental, Macau hotel, as well as one of the most coveted hotel managed properties, The Residences & Apartments at Mandarin Oriental, Macau. One Central enjoys direct access to MGM MACAU, and is immediately across from Wynn Macau, with Grand Lisboa and StarWorld Hotel within the distance of a stone’s throw. With its central location, One Central sits right at the intersection of the best in entertainment, luxury and elegance, offering a shopping experience synonymous with Central Hong Kong or Beverly Hills of Los Angeles.

Official Website: www.onecentralmall.com.mo
Official WeChat: OneCentralMacau

About 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 in 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, 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. In Singapore, its subsidiary, MCL Land, is a well-established residential developer.

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.

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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.

First Phosphate Corp. Receives Successful Results for the Pilot Production of Merchant Grade Phosphoric Acid (MGA) from Its Phosphate Concentrate

First Phosphate Corp. Receives Successful Results for the Pilot Production of Merchant Grade Phosphoric Acid (MGA) from Its Phosphate Concentrate

Saguenay, Quebec – Newsfile Corp. – September 6, 2023 – First Phosphate Corp. (“First Phosphate” or the “Company”) (CSE PHOS) (OTC: FRSPF) (FSE: KD0) is pleased to announce that the Central Prayon Process has successfully transformed its apatite concentrate to a high quality Merchant Grade Phosphoric Acid (“MGA”).

As previously announced on June 19, 2023, a 900 kilogram sample of apatite concentrate was produced at the First Phosphate pilot plant facilities at SGS Québec and was sent to the facilities of Prayon Technologies SA (“Prayon”) in Belgium for testing its suitability for the production of battery-grade purified phosphoric acid (“PPA”).

Prayon has begun assessing product quality and process feasibility through pilot testing of the First Phosphate rock concentrate to determine the optimal process parameters for MGA production.

The first initial report on the pilot testing for the production of MGA has been completed. The final report with any additional comments on the MGA production testing as well as details on the PPA production testing through membrane purification (next step) is expected to be available as planned during Q4 2023.

The main results of the MGA tests are summarized below:

  • The phosphate rock concentrate can be considered a high-grade igneous rock with about 40.6% P2O5 content. The general impurity content is low, especially chlorine (~630 ppm) compared to other rock concentrates mined from the same region.
  • Further grinding of the phosphate rock is not required.
  • The operation of the pilot plant using this phosphate rock was stable and quite easily operable in the CPP process route.
  • Efficiency (P2O5 recovery of the attack filtration global process) at the pilot unit is high and above 99%. The total phosphate content found in the gypsum produced is low at less than 0.2% on average. Overall plant sizing, including the two filters, will be relatively compact due to the good results obtained.
  • MGA quality (54% P2O5) can be easily attained from the weak acid produced.
  • The sulfuric specific consumption per ton P2O5 is 2.4 tons as well as 100% H2SO4 and 3.5 tons of process water. The quantity of calcium sulfate generated by the process is 3.5 tons hemihydrate per ton of P2O5 produced.
  • The impact of the CPP process route on the environment is low compared to other phosphoric acid processes as it requires less water for the production of a minimum 34% P2O5 weak phosphoric acid. Clean, low impurity, low moisture calcium sulphate is also generated by the process. The calcium sulphate is of a quality that can be used as plaster in housing and building construction or in concrete mixes for construction.

Results with respect to the composition of the phosphate rock concentrate:

  • Based on its phosphate content, the phosphate rock can be considered as a high-grade rock with about 40.6% P2O5 content and very few impurities.
  • The CaO/P2O5 ratio gives an idea of sulfuric acid consumption and the quality of gypsum generated by the process. Generally, the higher the CaO/P2O5 ratio, the higher the consumption of sulfuric acid required as all the calcium will react with sulfate to produce calcium sulphate. In this case, this ratio of 1.35 is low compared to sedimentary rocks at CaO/P2O5 ratio of approximately 1.60. Consequently, the quantity of gypsum generated by the process will be reduced, and what will be produced can be sold into the construction industry due to its high purity.
  • Based on the results of the phosphate blend analysis, the rock reactivity should be low and little amount of foam can be expected during the rock acidulation process.
  • The MER (Minor Element) ratio compares the amount of iron, aluminium, and magnesium oxides to P2O5 content. These unwanted elements usually end up in the acid. The 0.042 MER ratio of this rock can be considered as low content for a phosphate rock. Fewer unwanted byproducts will be produced during the phosphoric acid purification process and phosphate-based salts of higher quality can be produced from this MGA.
  • The chlorine content in this phosphate rock is acceptable around 100-700 ppm, which limits the investment cost for special material (low potential corrosion is expected).

The Company will provide details on the full final report including details on the full MGA and PPA testing as soon as available from Prayon and as scheduled for Q4 2023.

Figures and Diagrams

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Table 1 – Phosphate Rock Analysis
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Figure 1 – CPP Process Scheme
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Table 2 Gypsum Crystals – First Filtration

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Table 3 Hemihydrate Crystals – 2nd Filtration

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Figure 2 – Typical Hemihydrate Calcium Sulphate

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Figure 3 – Typical Acid Produced (left) and Washing Filtrates

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Table 4 Clarified Concentrate Phosphoric Acid: Analysis and Picture

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Qualified Person

The scientific and technical disclosure for First Phosphate included in this news release have been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is Geologist and a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”) and has and verified the data disclosed in this news release.

About First Phosphate Corp.
First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

About Prayon SA
Headquartered in Belgium, Prayon is a world-leading phosphate research, development and production company. Prayon has 1,400 employees and over 140 years of business experience. The Prayon Group has production sites in Belgium, France, Switzerland and the United States, research and development sites in Belgium and a testing and validation facility in Bulgaria (Technophos). OCP and Wallonie Entreprendre (WE) are Prayon’s two shareholders. OCP is the Moroccan state-owned phosphate rock miner, phosphoric acid manufacturer and fertilizer producer. OCP operations span five continents throughout the value chain, from mining and manufacturing to education and community development. WE is a public sector private-equity group that aims to accelerate the growth and transformation of Walloon businesses for the benefit of economic development and employment in Wallonia, Belgium.

For additional information, please contact:
Bennett Kurtz, CAO
[email protected]
Tel: +1 (416) 200-0657
Investor Relations: [email protected]
Media Relations: [email protected]
Website: www.FirstPhosphate.com

Follow First Phosphate:
Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate

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Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the Company’s commitment to producing high purity phosphate materials under a low carbon footprint; the Company’s plans to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s proposed development of its land claims in the Saguenay Region; the scope, methodologies, results, and timeline of Prayon’s pilot testing of the Company’s rock concentrates, including, the optimal parameters for MGA production, and the stated timeline for the final reports on the MGA production testing and details on the PPA production testing; the MGA test results, including, the grade, impurities, whether further grinding of phosphate rock is necessary, the stability and operability of the CPP process route, efficiency, MGA quality with respect to the weak acid produced, figures provided on the sulfuric consumption, process water, calcium sulfate, H2S04, and P2O5; environmental impact of the CPP process; statements with respect to the composition of phosphate rock concentrate, including grade, impurities, CaO/P2O5 ratio, quality of gympsum produced and the anticipated uses thereof, rock reactivity, MER ratio, and chlorine content; and the full final report as stated being available from Prayon under the provided timelines.

Forward-looking information in this press release are based on certain assumptions and expected future events, namely: the Company’s ability to producing high purity phosphate materials under a low carbon footprint; the Company’s ability to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s ability to develop its land claims in the Saguenay Region; the Company’s ability to carry out the scope, methodologies and obtain results under the stated timeline of Prayon’s pilot testing program; the Company’s ability to achieve the same or better results as indicated under the initial MGA test results; the Company’s ability to achieve the same or lesser environmental impact under the CPP process; the Company’s ability to achieve the same or better composition of phosphate rock concentrate in the final report; and the Company’s ability to deliver the full final report as stated under the provided timelines.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to produce high purity phosphate materials under a low carbon footprint; the Company’s inability to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s inability to develop its land claims in the Saguenay Region; the Company’s inability to carry out the scope, methodologies and obtain results under the stated timeline of Prayon’s pilot testing program; the Company’s inability to achieve the same or better results as indicated under the initial MGA test results; the Company’s inability to achieve the same or lesser environmental impact under the CPP process; the Company’s inability to achieve the same or better composition of phosphate rock concentrate in the final report; and the Company’s inability to deliver the full final report as stated under the provided timelines.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

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

About First Phosphate Corp.

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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.

Sunlight Real Estate Investment Trust ("Sunlight REIT") Final Results for the Year Ended 30 June 2023

Sunlight Real Estate Investment Trust ("Sunlight REIT")  Final Results for the Year Ended 30 June 2023

Renovate, Recover, Recycle

HONG KONG SAR – Media OutReach – 6 September 2023 – Henderson Sunlight Asset Management Limited (the “Manager“) announces the final results of Sunlight REIT for the year ended 30 June 2023 (the “Year“).

Sunlight REIT K&V_resized.jpg

While the Hong Kong economy staged a rebound in the second half of the Year, the performance of Sunlight REIT was somewhat marred by a cyclical downswing of the commercial property market, notably the office sector. Consequently, net property income (“NPI”) exhibited a mild 2.8% year-on-year decrease to HK$624.0 million. Given a steep increase in interest rates which resulted in a significant surge in interest expense, annual distributable income for the Year was down 11.8% year on year to HK$380.3 million.

The Board has resolved to declare a final distribution of HK 11.0 cents per unit. Coupled with an interim distribution of HK 11.0 cents per unit, total distribution per unit for the Year would amount to HK 22.0 cents, representing a payout ratio of 97.9% versus 97.4% in the preceding year, while the distribution yield was 7.6% based on the closing price of HK$2.88 on the last trading day of the Year.

With a maiden contribution from the acquisition of West 9 Zone Kids completed in April 2023, the appraised value of Sunlight REIT’s property portfolio increased to HK$18,512.2 million at 30 June 2023. Its net asset value was HK$13,669.2 million at 30 June 2023, or HK$8.06 per unit.

Operating Highlights

At 30 June 2023, the overall portfolio of Sunlight REIT registered an occupancy rate of 93.3% (30 June 2022: 94.7%), with an average rental reversion of negative 2.3%. The average passing rents of the office and retail portfolios were HK$34.6 per sq. ft. and HK$65.6 per sq. ft. respectively, down 1.4% and 3.0% as compared to a year ago.

Against the unfavourable office market dynamics, NPI of Dah Sing Financial Centre for the Year was down 4.5% to HK$170.5 million, while its occupancy rate exhibited a mild rebound from six months ago to 90.4% at 30 June 2023.

In respect of the retail portfolio, NPI of Sheung Shui Centre Shopping Arcade recorded a 3.0% year-on-year decline to HK$135.4 million. Its occupancy rate achieved a nice rebound to 97.6% at 30 June 2023, principally driven by a spate of quality tenants re-establishing their presence in this well-located retail property. Meanwhile, NPI of Metro City Phase I Property registered a 7.9% year-on-year decline to HK$124.7 million, while its occupancy rate recorded a drop to 92.2% at 30 June 2023.

During the Year, the Manager has further sharpened its focus on sustainability and continued to manage the portfolio with a more holistic and greener approach. In particular, Sunlight REIT attained a two-star rating in its first attempt at the 2022 GRESB Real Estate Assessment, while about 70% of its total borrowings at 30 June 2023 were sustainability-linked loans.

Mr. Au Siu Kee, Alexander, Chairman of the Manager said, “In view of the fluidity of the macro environment, prudence remains the strategic priority. Specifically, our effort to ensure a strong financial footing for Sunlight REIT should help it sail through the prevailing tight credit conditions. Better still, we have been able to marshal resources to expand and strengthen the retail portfolio of Sunlight REIT, rendering it greater potential to benefit from a consumption recovery.”

Remarks: Attached financial highlights of FY2022/23 final results of Sunlight REIT.

Financial Highlights of FY2022/23 Final Results:

(in HK$’ million, unless otherwise specified)

20232022Change (%)
For the Year ended 30 June:
Revenue783.3802.9(2.4)
Net property income624.0641.9(2.8)
(Loss)/profit after taxation Note(28.4)102.9N/A
Annual distributable income380.3431.1(11.8)
Distribution per unit (HK cents)22.025.0(12.0)
Payout ratio (%)97.997.4N/A
At 30 June:
Portfolio valuation18,512.218,095.22.3
Net asset value13,669.214,051.4(2.7)
Net asset value per unit (HK$)8.068.36(3.6)
Gearing ratio (%)26.123.3N/A

Note: Included a decrease in fair value of investment properties of HK$354.4 million (versus a decrease in fair value of HK$263.9 million for the year ended 30 June 2022).

Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.
Hashtag: #SunlightREIT

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

About Sunlight REIT

Listed on The Stock Exchange of Hong Kong Limited since 21 December 2006, Sunlight REIT (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission, and constituted by the amended and restated trust deed dated 10 May 2021 (the “Trust Deed“). It offers investors the opportunity to invest in a diversified portfolio of 11 office and six retail properties in Hong Kong with a total gross rentable area of approximately 1.3 million sq. ft.. The office properties are located in both core and decentralized business areas, while the retail properties are situated in regional transportation hubs, new towns and urban areas with high population density.

About the Manager

The Manager of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited. Its main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.

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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.

Thailand plans to Boost Tourism Revenue by Easing Visa Rules

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Thailand Business News

Thailand’s new Prime Minister is looking to increase tourism revenue by easing visa rules and allowing longer stays for visitors from China and India. The current visa application process for Chinese tourists is expensive and complicated, while Indian travelers have to pay for a visa upon arrival. The government aims to generate 3.3 trillion baht from foreign tourists next year. However, the return of Chinese visitors has been slower than expected due to strict e-visa requirements and China’s economic situation. The tourism sector is calling for additional measures such as more flights and longer visas to attract more tourists. The Thai government is considering streamlining the visa application process for Chinese tourists to make it more affordable and convenient. Nomura Holdings Inc. predicts that foreign tourist arrivals will reach around 30 million in 2023, an increase from 11.2 million in the previous year. Despite China being the largest source of travelers last month, the return of Chinese tourists to Thailand has been lower than expected. Before the pandemic, around 28% of Thailand’s foreign arrivals were from China, contributing to 1.9 trillion baht in revenue.

Thailand plans to Boost Tourism Revenue by Easing Visa Rules – Thailand News

Preface Launches Up-to-date Coding Class Featuring AI Application

Preface Launches Up-to-date Coding Class Featuring AI Application

HONG KONG SAR – Media OutReach – 6 September 2023 – AI has become an integral part of our daily lives, and its influence on children is no exception. From voice-activated assistants to interactive smart toys, AI is seamlessly woven into various aspects of children’s lives. With a mission to enlighten young minds, Preface is proud to present the personalised experiences and tailored coding class for kids that not only cater to each child’s unique learning needs, but also stay on top of the rising AI trends, fostering curiosity, creativity, and problem-solving skills.

How AI Revolutionises the Way of Education

Traditional educational methods are gradually giving way to more innovative and AI-driven approaches. The conventional “one-size-fits-all” model is being replaced by personalised learning paths that consider individual strengths, weaknesses, and learning preferences. Other than designing course outlines for a vast array of topics such as AI art tutorial, AI video course and robotics course, AI algorithms can also analyse vast amounts of data to identify the most effective teaching methods, helping educators optimise their approach and tailor content to suit each student’s learning pace.

Furthermore, AI enhances collaboration and communication between teachers, students, and parents. Real-time data and insights allow educators to monitor progress and address learning challenges promptly. This collaborative ecosystem nurtures a supportive learning environment that boosts children’s confidence and academic performance.

Understanding the Impacts of AI for Kids

As AI increasingly becomes an integral part of society, it is a must for everyone to embrace this technology and understand its potential. Take the trending ChatGPT as an example, in order to fully leverage its responsiveness, some might consider taking a prompt engineering course. By adopting AI mindfully and responsibly, children can harness its power to enhance their learning experiences and shape their future positively.

Preface in Full Support of AI-powered Education

Preface is committed to empowering the next generation with the skills they need to thrive in the 21st century. Preface’s Regular Programme together with AI bootcamp for children offers a comprehensive tech learning experience to unlock your child’s potential. With a T-shaped development approach, Preface provides a range of core and elective subjects, ensuring a well-rounded education. Preface’s programme consists of four streams that cater to different interests and aspirations.

In the Core stream, Preface equips students with essential knowledge and skill sets for success in the modern world.

  1. Code Engineering focuses on building a solid foundation in coding and practical application development, nurturing critical thinking and problem-solving abilities from an early age.
  2. For those interested in AI, Preface’s AI Prompt Engineering Course centres around AI tools like ChatGPT combined with coding languages, teaching students how to create interactive applications and co-pilot with AI for next-level coding.

Preface’s Elective stream encourages creativity and innovation with a breadth of knowledge.

  1. In Creative Media Design, students explore generative AI tools, create innovative art portfolios, and develop video skills for compelling content.
  2. On the other hand, the Aerospace Course & Robotics Engineering Course take students on an exciting journey into space and robotics, teaching astronomy theories and applications, and challenging them to build a fully functional satellite.

Preface is keen to ensure the curriculum remains up-to-date, offering milestone checkpoints to track their progress continuously.

Known for the immersive Coding Bootcamp in Hong Kong, Preface goes beyond traditional coding schools by providing real-world projects, hackathons, and global exposure to apply theoretical knowledge in practical settings.

Join today and witness how Preface empowers innovators everywhere to turn today’s problems into tomorrow’s solutions.

Hashtag: #preface #artificialintelligence #technology #chatgpt #coding



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

About Preface

is where creativity meets technology, offering hands-on learning and real-world skills that prepare future innovators for a successful tomorrow.

To learn more about the programmes and how Preface can help your child future-proof their tech skills, for personalised guidance. Preface is dedicated to making a difference in your child’s educational journey.

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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.

Spackman Media Group Artist Wi Ha-Jun’s Upcoming Disney+ Original Series, THE WORST OF EVIL, Set To Premiere On September 27

Spackman Media Group Artist Wi Ha-Jun’s Upcoming Disney+ Original Series, THE WORST OF EVIL, Set To Premiere On September 27
  • Starring Spackman Media Group artist Wi Ha-jun, the original crime action drama series, THE WORST OF EVIL, will be released exclusively on Disney+ on September 27
  • Represented by Spackman Media Group, Wi Ha-jun is also set to reprise his role in the highly anticipated second season of the international breakout hit, SQUID GAME, alongside the original cast comprising Lee Jung-jae, Lee Byung-hun and Gong Yoo
  • Emerging as an international star, Wi Ha-jun of Spackman Media Group won the rising star award in the 2023 Korea First Brand Awards in December last year, following his chart-topping Netflix drama, LITTLE WOMEN (2022), which was filmed in Singapore and Korea

SINGAPORE – Media OutReach – 6 September 2023 Spackman Entertainment Group Limited (the “Group“), one of Korea’s leading entertainment production groups founded in 2011 by global media & technology investor Charles Spackman, wishes to announce that Wi Ha-jun of MSteam Entertainment Co., Ltd. (“MSteam“), a wholly-owned subsidiary of the Group’s associated company, Spackman Media Group Limited (“Spackman Media Group“), will star in the upcoming original crime action drama series THE WORST OF EVIL, which is scheduled to premiere exclusively on Disney+ on September 27.

Set in the 1990s Gangnam district of Seoul, South Korea, THE WORST OF EVIL follows undercover police investigators who infiltrate the Gangnam Alliance, a massive criminal organization responsible for the illegal drug trade between Korea, China and Japan. Wi Ha-jun takes on the role of the charismatic leader of the Gangnam Alliance. Alongside Wi Ha-jun, Ji Chang-wook portrays a police officer while Lim Se-mi plays his wife. Created by Kakao Entertainment, THE WORST OF EVIL is directed by Han Dong-wook and written by Jang Min-suk.

Wi Ha-jun of Spackman Media Group became a worldwide sensation with his role as Hwang Jun-ho, a policeman in the first season of SQUID GAME. He is set to return in the highly anticipated second season of the international breakout hit alongside the original cast comprising Lee Jung-jae, Lee Byung-hun and Gong Yoo.

In December last year, Wi Ha-jun won the rising star award in the 2023 Korea First Brand Awards, following his chart-topping Netflix drama, LITTLE WOMEN (2022), which was filmed in Singapore and Korea. According to Flixpatrol.com, the drama took the top spot in Taiwan, Indonesia and Japan and ranked 8th globally on Netflix as of October 8, 2022. The series featured iconic landmarks in Singapore such as Marina Bay Sands and The Fullerton Hotel.

In February 2022, he was selected as the South Korea ambassador for Swiss luxury watchmaker, TAG Heuer. He was also appointed as the ambassador for his hometown, Wando-gun of South Korea in January 2022.

Wi Ha-jun starred in highly popular K-drama BAD AND CRAZY (2021), which reached first place in viewership ratings for consecutive weekends after its release on 17 December 2021.

Wi Ha-jun was also selected as the brand ambassador for the American premium casual brand BEENTRILL and released a beauty pictorial with YSL beauty in December 2021. Notably, he headlined the Korean crime thriller film, MIDNIGHT (2021), which received the Best Feature Award at the 13th UK Grimmfest Film Festival.

In addition to Wi Ha-jun, MSteam represents iconic Korean actress Son Ye-jin, who starred in the hit romance drama CRASH LANDING ON YOU (2020), and top actress Lee Min-jung, who won the Top Excellence Award at the 2020 APAN Star Awards.

Hashtag: #SpackmanEntertainmentGroup

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

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited (“SEGL” or the “Company“), and together with its subsidiaries, (the “Group“), is one of Korea’s leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea.

The Company was founded in 2011 by renowned media and technology investor Charles Spackman who served as the Company’s Executive Chairman until 2017. For the past two decades, Mr. Charles Spackman has been a powerhouse in the Korean entertainment industry starting in the early 2000’s with the pioneering success of Sidus Pictures, the largest movie production company at the time and the first to be listed in Korea. Mr. Spackman is also the Founder, Chairman and Chief Executive Officer of the global investment firm, Spackman Group. For more information, please visit charlesspackman.com and spackman-group.com/charles-spackman.

Since its founding, SEGL had produced more than 30 major motion pictures including a number of the highest grossing and award-winning films in Korea, namely #ALIVE (2020), CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), SNOWPIERCER (2013), COLD EYES (2013) and ALL ABOUT MY WIFE (2012).

Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. Generally, we release our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.

The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.

Production Labels

SEGL owns a 100% equity interest in Studio Take Co., Ltd. (“Studio Take“) which produced STONE SKIPPING (2020) and THE BOX (2021). Its latest film, A MAN OF REASON, premiered in the US at the 42nd Hawaii International Film Festival. The film was also invited to the 47th Toronto International Film Festival, the largest film festival in North America, and the 55th Sitges Film Festival, one of the world’s top three genre film festivals. Studio Take shall also release an upcoming film, THE GUEST (working title), which is at the post-production stage and scheduled to be released in the second half of 2023 or first half of 2024.

SEGL owns Novus Mediacorp Co., Ltd. (“Novus Mediacorp“), an investor, presenter, and/or post-theatrical distributor for a total of 80 films (59 Korean and 21 foreign) including OKAY MADAM (2020), LONG LIVE THE KING (2019), MY FIRST CLIENT (2019), ROSE OF BETRAYAL (2018), THE OUTLAWS (2017) and SECRETLY, GREATLY (2013), which was one of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS (2013), as well as FRIEND 2: THE GREAT LEGACY (2013). In 2012, Novus Mediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE (2012), a top-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-time highest Video On Demand (“VOD“) sales records in Korea. For more information, please visit novusmediacorp.com.

The Company owns a 100% equity interest in Greenlight Content Limited (“Greenlight Content“) which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content. Through the acquisition of Greenlight Content, the Group’s first co-produced drama, MY SECRET TERRIUS, starring top Korean star, So Ji Sub, achieved #1 in drama viewership ratings for its time slot and recorded double digits for its highest viewership ratings. Greenlight Content was one of the main investors of MY SECRET TERRIUS.

The Company owns a 100% equity interest in Simplex Films Limited (“Simplex Films“) which is an early stage film production firm. The maiden film of Simplex Films, JESTERS: THE GAME CHANGERS (2019), was released in Korea on 21 August 2019. Simplex Films has several line-up of films including HURRICANE BROTHERS (working title).

The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST’S WAIL, a comedy horror film.

Talent Representation

The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (“SMGL“). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as SBD Entertainment Inc. (Son Suk-ku, Han Ji-hyun, Park Keun-rok), MSteam Entertainment Co., Ltd. (Son Ye-jin, Wi Ha-jun, Lee Min-jung, Ko Sung-hee, Lee Cho-hee), UAA&CO Inc. (Kim Sang-kyung) and Play Content Co., Ltd. (Hwang-hwi). Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company. For more information, please visit spackmanmediagroup.com.

The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. (“Constellation Agency“). Constellation Agency, which owns The P Factory Co., Ltd. (“The P Factory“) and Platform Media Group Co., Ltd. (“PMG“), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency, which represents and manages the careers of major artists in film, television, commercial endorsements and branded entertainment.

Strategic Businesses

The Company also operates a café-restaurant, Upper West, in the Gangnam district of Seoul and own a professional photography studio, noon pictures Co., Ltd.

For more details, please visit spackmanentertainmentgroup.com.

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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.