LONDON, Nov. 29, 2023 /PRNewswire/ — The International Alliance for Responsible Drinking (IARD), a not-for-profit organization dedicated to reducing harmful drinking and promoting understanding of responsible drinking, has today announced that more than 80 of the world’s biggest companies have formed the Global Standards Coalition to tackle and reduce harmful drinking.

IARD Global Standards Coalition Statement 1

This unprecedented collaboration, which will be led by IARD members – the leading beer, wine, and spirits producers – will bring together leading retailers, e-commerce platforms, and social media companies including Meta, Walmart, SPAR International, and Uber Eats. Signatories are putting in place policies and practices to prevent the sale and marketing of alcohol to those underage, are supporting employees and partners with resources, and are working together to further reduce harmful drinking.

The full statement announcing the partnership can be found below:

For millions of adults in many cultures, enjoying beer, spirits, or wine in moderation is an important part of their social lives. Although our companies are very different, we have come together, each acting in our areas of expertise, to further accelerate reductions in the harmful use of alcohol and promote moderation among adults who choose to drink.

What we stand for as members of IARD’s Global Standard Coalition:

We firmly believe beer, wine, and spirits are adult drinks and oppose the marketing and sale of alcohol beverages to those below the legal purchase age. We put in place policies and practices to prevent marketing or sale of alcohol beverages to those below the legal purchase age. We equip our employees and partners with training and information to promote responsible business practices. We support and recognize those adults who choose not to drink alcohol. We work together to enhance safeguards and further raise standards to address the harmful use of alcohol.

We invite others in our value chain to join us to help demonstrate the positive impact that businesses play in promoting responsible consumption and reducing harmful drinking. By harnessing our resources alongside those of policy makers, regulators, healthcare professionals, and societal leaders, we can establish a positive movement for change.

IARD Global Standards Coalition Statement 2

Source : Organizations across the globe united in further accelerating reductions in the harmful use of alcohol

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

ShopBack X TAT-HK to Launch "Must-Visit Places in Thailand" in December with Total Prizes Valuing over HK$250,000

CISION PR Newswire

Nov 29, 2023

Mr. Arthur Wan, General Manager of ShopBack Hong Kong (right) feels very pleased to work with the TAT-HK to launch the exciting " Must-Visit Places in Thailand" campaign. Ms Phornmon Chansri, Director of the Tourism Authority of Thailand, Hong Kong (left) said this innovative collaboration has the potential to retain and attract customers by offering insights into the behavior of Hong Kong’s customers, thereby enabling a better understanding of what travelers truly desire.

Seize the Chance to Win Thailand Air Tickets

and Enjoy a Value-for-Money Flash Mop Trip with Besties

#ShopBack # ShopBack first before Shopping #TATHK #AmazingThailand

Link to download photos: https://we.tl/t-2gMLWZnf3O

HONG KONG, Nov. 29, 2023 /PRNewswire/ — At ShopBack, you can always find good deals with significant shopping Cashback. Knowing that Hong Kong people love flying to Thailand for massage, spa treatment and various enjoyments during long weekends, we have prepared the following good deals especially for you! ShopBack has cooperated with the Tourism Authority of Thailand, Hong Kong (TAT-HK) for the first time to jointly launch "Must-Visit Places in Thailand", giving out prizes valued at more than HK$250,000 in total, bringing you and your besties a wonderful and value-for-money trip in Thailand!

Mr. Arthur Wan, General Manager of ShopBack Hong Kong (right) feels very pleased to work with the TAT-HK to launch the exciting " Must-Visit Places in Thailand" campaign. Ms Phornmon Chansri, Director of the Tourism Authority of Thailand, Hong Kong (left) said this innovative collaboration has the potential to retain and attract customers by offering insights into the behavior of Hong Kong’s customers, thereby enabling a better understanding of what travelers truly desire.

Mr. Arthur Wan, General Manager of ShopBack Hong Kong said "ShopBack has always been committed to creating wonderful shopping experiences for our members. This time, we feel very pleased to work with the TAT-HK to launch the exciting " Must-Visit Places in Thailand" campaign. Thailand has always been one of the favourite travel destinations of Hong Kong people, while December is the holiday season for Christmas celebration. We hope the Thailand offer will bring pleasure to our members. We will launch even more surprising promotional campaigns in the future."

Ms Phornmon Chansri, Director of the Tourism Authority of Thailand, Hong Kong said "The partnership between TAT-HK and ShopBack is an inspiring example of how customer experiences can be improved while providing valuable Cashback to enhance travel experiences. This innovative collaboration has the potential to retain and attract customers by offering insights into the behavior of Hong Kong’s customers, thereby enabling a better understanding of what travelers truly desire."

ShopBack "Must-Visit Places in Thailand" HK$1,000 Challenge for Bangkok Round-trip Air Tickets

ShopBack and TAT-HK are jointly launching the "Must-Visit Places in Thailand" campaign. Hong Kong people’s favourite destinations of Bangkok, Chiang Mai and Phuket are waiting for you!

Every Tuesday this December, spend HK$1000 or more at Agoda, Trip.com, Expedia, Booking.com and other designated travel merchants through ShopBack with Cashback successfully tracked and you will receive a "Challenge Opportunity Voucher" to win 2 sets of Bangkok round-trip air tickets.

Buy and Get Air Tickets and Hotel Accommodations with Cashback from ShopBack on "Travel Tuesday"!

Travel Rule No. 1 for smart girls: grab air tickets and hotel accommodations at lower cost in a smart way! ! ShopBack’s "Travel Tuesday" campaign in December will help you get extra savings! On Tuesdays in December, buy air tickets or hotel accommodations from designated travel merchants such as Agoda through ShopBack, you can enjoy various offers every week with Cashback of up to 13%. At the same time, you can get a Cashback / rewards with your desired credit card to enjoy double benefits, plus a chance to win 2 sets of Bangkok round-trip air tickets, so that you can plan for a wonderful and value-for-money Thailand trip with your besties!

What kind of jetso you can get for, say, booking accommodations in three five-star hotels in Bangkok through ShopBack’s "Travel Tuesday" campaign for a five-day-four-night Christmas trip with your besties? Here are the examples:

Hotel

Agoda Price Today

"Travel Tuesday" Agoda Booking Cashback

Five-day-four-night Total Savings from ShopBack

The Standard, Bangkok Mahanakhon

HK$1,943 per night

5 December booking Cashback (13%):

From as low as HK$1,690 per night

HK$1,012

12 December booking Cashback (12%):

From as low as HK$1,709 per night

HK$936

W Bangkok

HK$1,492 per night

5 December booking Cashback (13%):

From as low as HK$1,298 per night

HK$776

12 December booking Cashback (12%):

From as low as HK$1,312 per night

HK$720

Banyan Tree Bangkok

HK$1,400 per night

5 December booking Cashback (13%):

From as low as HK$1,218 per night

HK$728

12 December booking Cashback (12%):

From as low as HK$1,232 per night

HK$672

In addition, becoming a new ShopBack member in December, you will have a chance to receive up to HKD130 Cashback. Please browse ShopBack’s website or App for details.

About The ShopBack Group

The ShopBack Group is Asia-Pacific’s leading shopping, rewards, and payments platform, serving over 40 million shoppers across 11 markets. Driven by the vision to become the world’s most rewarding way to shop, ShopBack is dedicated to saving members money and time, while delivering delightful experiences with every purchase. The platform also enables merchants and brands to engage with their members in a cost-effective manner.

Founded in 2014, ShopBack now powers over US$3.7 billion in annual sales for over 20,000 online and in-store partners, with over half a million transactions happening via the platform daily. In 2022, ShopBack expanded its offerings into the realm of financial services with the launch of ShopBack Pay and PayLater – providing members with responsible and convenient payment options at checkout, while empowering partners with more ways to engage potential customers.

Cashback and services are subject to Terms and Conditions. For details, please visit:

https://www.shopback.com.hk/challenges/earn-more/HK_2023-12_MS-OA_FTM-MERCHANTNC_AGODA_REWARDTICKET_SB_TT

https://docs.google.com/document/d/1rrTrH-Zt2Syg1El2RlfjOJD3TARBdRVMyWhKwCPOyD8/edit?usp=sharing

Source : ShopBack X TAT-HK to Launch "Must-Visit Places in Thailand" in December with Total Prizes Valuing over HK$250,000

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

NEOM announces Siranna, its exclusive tourism escape

CISION PR Newswire

Nov 29, 2023

NEOM, Saudi Arabia, Nov. 29, 2023 /PRNewswire/ — The Board of Directors of NEOM has unveiled Siranna, an exclusive tourism escape, and the latest destination to be announced by the sustainable regional development evolving in northwest Saudi Arabia.

Siranna, NEOM’s exclusive tourism escape

Siranna is a space where elegant and innovative living meets to facilitate a lifestyle without compromise. Situated on the Gulf of Aqaba coastline, this ultra-luxurious destination will be home to a 65-key hotel, as well as 35 exclusive residences.

The destination offers uninterrupted views of the Red Sea, with its tiered design offering diverse views and perspectives. Emerging from the rugged coastal terrain, the hexagonal pillars are distinctive, yet complementary to the surrounding mountains and flora. Arriving via waterborne transportation to the secluded bay, guests will journey through the natural rock formations before reaching the enchanting entrance of the property.

With a focus on fostering original thinking and relaxation, Siranna will offer visitors and residents the opportunity to escape the noise and disruptions of everyday life and surround themselves with like-minded people in an effortlessly chic setting.

A signature beach club, spas, and state-of-the-art wellness facilities will be on offer for visitors to unwind. Those seeking a connection with the landscape during their stay will enjoy the winding discovery trails via foot or horseback to explore where the sea, mountain, and wadi meet. Sophisticated dining and entertainment options will also satisfy a wide range of tastes and interests among guests.

The guiding principle underpinning the development is to ensure minimal intervention in nature, where thoughtful and deliberate techniques will be used to preserve the surrounding landscape. The architecture will pay homage to the heritage of the local area and seamlessly blend into the adjoining mountain and wadi.

Siranna is another example of NEOM’s uncompromising efforts to create spaces in nature that support sustainable future living and nurture creativity, whilst offering the ultimate luxury hospitality experience.

Aligned with NEOM’s commitment to conservation, Siranna will complement its coastal location and be delivered sustainably. News of the development follows the recent announcements of Leyja and Epicon, which are also sustainable tourism destinations located in the Gulf of Aqaba.

About NEOM

NEOM is an accelerator of human progress and a vision of what a New Future might look like. It is a region in northwest Saudi Arabia on the Red Sea being built from the ground up as a living laboratory – a place where entrepreneurship will chart the course for this New Future. It will be a destination and a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.

NEOM will include hyperconnected, cognitive cities, ports and enterprise zones, research centers, sports and entertainment venues and tourist destinations. As a hub for innovation, entrepreneurs, business leaders and companies will come to research, incubate and commercialize new technologies and enterprises in groundbreaking ways. Residents of NEOM will embody an international ethos and embrace a culture of exploration, risk-taking and diversity.

For further information email [email protected] or visit www.neom.com and www.neom.com/en-us/newsroom.

This material is distributed by Teneo Strategy LLC on behalf of NEOM Company. Additional information is available at the Department of Justice, Washington, DC.

Siranna, NEOM’s exclusive tourism escape

Source : NEOM announces Siranna, its exclusive tourism escape

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

First Phosphate and Sun Chemical Corporation sign MOU for the Development of a Lithium Iron Phosphate CAM Manufacturing Business in North America

Corporate News Media OutReach

Nov 29, 2023

First Phosphate and Sun Chemical Corporation sign MOU for the Development of a Lithium Iron Phosphate CAM Manufacturing Business in North America

SAGUENAY, QUEBEC – Newsfile Corp. – November 29, 2023 – First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate”) and Sun Chemical Corporation (“Sun Chemical”) are pleased to announce a non-binding memorandum of understanding for the development of intermediates used for the manufacture of lithium iron phosphate-based cathode active material (“LFP CAM”) to support the developing North American battery market.

Under this agreement, Sun Chemical will use its qualified North America facilities to manufacture iron phosphate using the phosphate material of First Phosphate and its partners.

Sun Chemical is a leading producer of inorganic pigments and is utilizing existing local factory capacity in North America and Europe to support the battery materials market. Co-precipitation based cathode materials are manufactured using the same processes, domain knowledge, and equipment as for inorganic pigments making this a natural fit.

Utilizing the network of both companies, the agreement will include the investigation of the best source of iron to use in the iron phosphate and lithium iron phosphate synthesis process with preferred consideration for Sun Chemical’s current manufacturing capabilities of iron oxide precursors and First Phosphate’s mining source recovery of magnetite.

Working together, Sun Chemical and First Phosphate may develop a multi-party U.S. Department of Energy (“DOE”) grant application in conjunction with committed offtake that may come from First Phosphate prospective customers.

“This agreement is important to First Phosphate because Sun Chemical is a leading player in the global pigment industry. Much of the machinery used in the pigment industry is similar to that required for the production of iron phosphate and iron-oxide which are key intermediates for LFP CAM,” says CEO, John Passalacqua. “The processes, the attention to detail, the experience required is similar across both industries. Moreover, Sun Chemical also benefits from an extensive network of facilities and equipment across North America which should allow us to accelerate production of LFP CAM while benefiting from reduced outlay of capex. Sun Chemical is also a subsidiary of its globally recognized parent DIC Group (TYO: 4631) with global exposure to capital and technology.”

“Sun Chemical is pleased that First Phosphate will increase the North American supply of battery-quality phosphoric acid, a critical component of iron phosphate, and ultimately of lithium iron phosphate-based cathode materials. Sun Chemical is pleased to work with First Phosphate to qualify it for use in its developing battery materials portfolio,” says CTO, Russell Schwartz. “The expansion in cleaner energy from increased reliance on electronic vehicles and renewable energy will benefit from more accessible locally produced batteries. Any contributions Sun Chemical can make to accelerate this transformation will be consistent with our ongoing commitment to more sustainable technologies.”

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

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 Sun Chemical Corporation

Sun Chemical, a member of the DIC Group, is a leading producer of packaging and graphic solutions, color and display technologies, functional products, electronic materials, and products for the automotive and healthcare industries. Together with DIC, Sun Chemical is continuously working to promote and develop sustainable solutions to exceed customer expectations and better the world around us. With combined annual sales of more than $8.5 billion and 22,000+ employees worldwide, the DIC Group companies support a diverse collection of global customers.

Sun Chemical Corporation is a subsidiary of Sun Chemical Group Coöperatief U.A., the Netherlands, and is headquartered in Parsippany, New Jersey, U.S.A. For more information, please visit our website at www.sunchemical.com or connect with us on
LinkedIn: https://www.linkedin.com/company/sun-chemical
Instagram: https://www.instagram.com/lifeatsunchemical

For additional information, please contact:

Jérôme Cliche, VP, Business Development
[email protected]
Tel: +1 (514) 815-8799

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

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: First Phosphate’s plans to integrate directly into the functions of certain major North American LFP Battery producers; First Phosphate’s proposed development of its land claims in the region of Saguenay-Lac-St-Jean, Quebec; First Phosphate’s potential development of a LFP CAM manufacturing business in North America; the anticipated benefits, terms, and timelines with respect to the MOU; that the agreement is a significant first step in what First Phosphate expects to be a meaningful ongoing supply relationship with Sun Chemical; that an agreement with SUN would enable First Phosphate to secure a key and often overlooked material from a major local supplier for the future growth of First Phosphate’s industrial activities; and potential agreements with governmental and other entities, potential the development of partnerships, relationships, and customers, and the stated benefits thereof.

Forward-looking information in this press release are based on certain assumptions and expected future events, namely: First Phosphate’s ability to integrate directly into the functions of certain major North American LFP Battery producers; First Phosphate’s ability to develop its land claims in the region of Saguenay-Lac-St-Jean, Quebec; First Phosphate ability to carry out its plans for the development of a LFP CAM manufacturing business in North America; First Phosphate having the ability to realize upon the anticipated benefits, terms, and timelines with respect to the MOU; that First Phosphate will have the ability to realize upon the MOU’s potential as significant first step in what First Phosphate expects to be a meaningful ongoing supply relationship with Sun Chemical; that an agreement with Sun Chemical will enable First Phosphate to secure a key and often overlooked material from a major local supplier for the future growth of First Phosphate’s industrial activities; and First Phosphate possessing the ability to realize upon the potential agreements with governmental and other entities, potential the development of partnerships, relationships and customers, and the stated benefits thereof.

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: First Phosphate’s inability to integrate directly into the functions of certain major North American LFP Battery producers; First Phosphate’s inability to develop its land claims in the region of Saguenay-Lac-St-Jean, Quebec; First Phosphate inability to carry out its plans for the development of a LFP CAM manufacturing business in North America; First Phosphate’s inability to realize upon the anticipated benefits, terms, and timelines with respect to the MOU; First Phosphate’s inability to realize upon the MOU’s potential as significant first step in what First Phosphate expects to be a meaningful ongoing supply relationship with Sun Chemical; and that an agreement with Sun Chemical will not enable First Phosphate to secure a key and often overlooked material from a major local supplier for the future growth of First Phosphate’s industrial activities; and First Phosphate’s inability to realize upon the potential agreements with governmental and other entities, potential the development of partnerships, relationships, and customers, and the stated benefits thereof.

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 First Phosphate’s expectations as of the date hereof and are subject to change thereafter. First Phosphate 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.

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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.

BingX Wealth Enables USDT Savings as Futures Margin

CISION PR Newswire

Nov 29, 2023

SINGAPORE, Nov. 29, 2023 /PRNewswire/ — BingX, a global leading crypto exchange, has announced a groundbreaking innovation that allows its users to use their BingX Wealth savings as margins for futures trading. This move enables BingX users to optimize their futures positions while enjoying the dual benefits of active trading and prudent financial management.

BingX Wealth Enables USDT Savings as Futures Margin

BingX users can leverage their USDT savings, whether in flexible or fixed-term accounts, as margins in futures trading. A key advantage of this development is the continued accrual of interest on these savings, even when experiencing floating losses from futures positions. This functionality is currently exclusive to perpetual futures trading. BingX smartly determines the maximum amount of savings that can be used as margin, giving priority to those in longer terms to ensure flexibility. BingX applies a 100% financing rate for eligible wealth products, markedly higher than the average market rate.

BingX users can expect continuous interest incomes as long as the account is risk-healthy. The fixed-term savings remain in the futures account after expiration, with interest automatically credited to their fund account. In case of forced liquidation, BingX halts interest accrual, performs forced redemption, and uses the savings as margin to offset incurred losses. Users are required to return the principal of savings used as margin before redemption, with the platform prioritizing flexibility by returning the financial product with the shortest term first.

Megan Nyvold, Head of Branding at BingX, highlights: "This initiative underscores BingX’s dedication to setting the bar high and consistently introducing original features that offer users exceptional opportunities. By empowering our users to employ their BingX Wealth savings as futures trading margin, we’re not only facilitating more robust trading but also maximizing potential earnings in the fast-evolving crypto landscape."

BingX Wealth offers an integrated asset management solution, particularly focusing on maximizing the returns of underutilized funds. It provides diverse savings options, including both flexible-term and fixed-term plans for major cryptocurrencies such as BTC, ETH, and USDT, with attractive annual percentage yields and a secure guarantee on principal amounts.

About BingX

Founded in 2018, BingX is a leading cryptocurrency exchange, serving over 5 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency.

Source : BingX Wealth Enables USDT Savings as Futures Margin

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

Rural Electrification Agency (REA) deploys over 100 mini-grids for inclusive development in Nigeria in 3 years

Corporate News Media OutReach

Nov 29, 2023

Hong Kong Baptist University-led research discovers new therapeutic target for irritable bowel syndrome

ABUJA, NIGERIA – EQS Newswire – 29 November 2023 – Under the leadership of the Federal Ministry of Power, Nigeria, the Rural Electrification Agency (REA) (https://REA.gov.ng/) of Nigeria is set to play a key role at the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) in Dubai, United Arab Emirates (UAE) on the 5th of December, 2023.

As a leading force in advancing sustainable energy access and climate change interventions in Nigeria, the REA will host a multi-format Side Event at the Nigeria Pavilion themed “Renewable Energy for Inclusive Development: Optimizing Innovation for Social Impact and Economic Growth in Nigeria (https://apo-opa.co/3N79acl)” on the 5th of December, 2023 at 9 AM.

The REA will be holding a second Side Event at 4 PM on “Funding the Energy Access Gap in Last-Mile Communities in Nigeria (https://apo-opa.co/3N79acl)” same day, 5th of December, in partnership with InfraCredit, an institution reputable for unlocking long-term local currency infrastructure finance in Nigeria. This second side event is targeted at a more specialized group of renewable energy developers, financiers, and investors in the global off-grid space. Both events are scheduled to be held at the Nigeria Pavilion, Blue Zone, COP28, Expo City Dubai.

Scheduled to be a focal point in the COP28 agenda, the REA’s side event aims to spotlight the nation’s data-driven energy transition journey as well as the agency’s suite of renewable energy interventions and their impact across the key sectors of the economy.

With a keen focus on optimizing innovation for both social impact, economic growth, and environmental sustainability, the agency will showcase its mitigation and adaptation interventions through the use of sustainable energy solutions as it addresses the dual challenge of energy poverty, climate change, and sustainable growth in Nigeria.

The REA, an Implementing Agency of the Federal Government of Nigeria, under the Federal Ministry of Power, is primarily tasked with the electrification of rural and unserved communities. Through data-driven and human-centered interventions, the Agency continues to partner with frontline stakeholders globally to deliver innovative solutions to power last-mile communities, healthcare institutions, tertiary institutions, market clusters, and agricultural value chains.

In 4 short years, the Agency has deployed over 100 solar hybrid mini-grids and over 1.6 million solar home systems, catalyzing transformative development in last-mile communities in Nigeria, unlocking the economic potential of $9.2B per annum and cutting the self-generation cost of $14B in 10 years.

Engr. Ahmad Salihijo Ahmad, the MD/CEO, of REA, explained that “The agency’s presence at COP28 is a testament to our dedication to delivering sustainable and equitable energy access interventions. We believe that renewable energy is not just a source of power but a catalyst for transformative change, touching every aspect of society and economy.”

At the REA side event, global stakeholders, including policymakers, financiers, development finance institutions, project developers, members of civil society groups and the media will be treated to engaging and informative conversations on the following key thematic areas:

Innovation for Social Impact: Unveiling groundbreaking initiatives and technologies that are bringing renewable energy solutions to remote and underserved communities in Nigeria, positively impacting lives and fostering social equity.

Economic Growth through Renewable Energy: Showcasing success stories and strategies on Productive Use of Energy (PUE) where renewable energy is driving economic development, creating jobs, and enhancing resilience in the face of climate change.

Inclusive Development Strategies: Discussing policies and practices that ensure inclusivity in the deployment of renewable energy solutions, with a focus on leaving no one behind in the pursuit of universal energy access.

Sustainability: Sharing lessons on data-driven and home-grown sustainability mechanisms designed to aid project ownership, targeted at the optimization of clean energy interventions in Nigeria.

Reaffirming its commitment to advancing access to clean, sustainable energy in Nigeria, the REA is equipped with the requisite technical capacity and institutional frameworks and poised for strategic partnerships as it unveils investment opportunities in the nation’s renewable energy sector.

Distributed by APO Group on behalf of Rural Electrification Agency.

Meet the REA at COP28: For meetings, invitations to Side Events and opportunities to collaborate at COP28, contact Funmi on [email protected] or Mohammed on [email protected].

Join the Conversation: The REA invites you to join the Side Events in person or virtually through this registration link (https://apo-opa.co/3RkY4mE).

Join the conversation on social media using #REAatCOP28 and #RenewableEnergyForDevelopment on Twitter (https://apo-opa.co/3R27sdn), Facebook (https://apo-opa.co/3QYEFXb), Linkedin (https://apo-opa.co/47y4QeA) and Instagram (https://apo-opa.co/3GjBi8o).

Download image 1: https://apo-opa.co/49WQyFI

Download image 2: https://apo-opa.co/3RiNmgv

Download image 3: https://apo-opa.co/3uGvjYU

Download image 4: https://apo-opa.co/3T3i4f0

Download image 5: https://apo-opa.co/3RmeT0H

Hashtag: #RuralElectrificationAgency

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

About the Rural Electrification Agency

The Rural Electrification Agency (REA) (https://REA.gov.ng/) is the Implementing Agency of the Federal Government of Nigeria (FGN) under the Federal Ministry of Power tasked with the electrification of unserved and underserved communities to catalyze economic growth and improve quality of life for Nigerians. The Agency was established under part IX, Sections 88- 89 of the Electric Power Sector Reform Act (EPSRA), 2005.

The REA is currently implementing the Rural Electrification Fund (REF), Capital Projects, Nigeria Electrification Project (NEP), Solar Power Naija (SPN), Energizing Education Programme (EEP), Energizing Economies Initiative (EEI), Energizing Agriculture Programme (EAP), Energy for All – Mass Rural Electrification and Research and Innovation Hub. Africa Mini Grids Programme, Derisking Sustainable Off-Grid Lighting Solutions and the Korean Energy Project.

The Agency is responsible for creating an enabling environment for private sector-led projects, which includes conducting feasibility assessments, energy audits, enumeration, data analysis, identification of qualified private sector developers, and project stakeholder engagements.

For enquiries, please contact the Rural Electrification Agency: [email protected]

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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.

ZK International Group Co., Ltd. and The CF Opportunity Fund Commits $5 Million Investment with the First Subscription Priced at $1.70 per Share

CISION PR Newswire

Nov 29, 2023

WENZHOU, China, Nov. 29, 2023 /PRNewswire/ — ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN," "ZK International" or the "Company"), a leading provider of advanced steel products, is pleased to announce a financial boost with a $5 million passive investment commitment from the CF Opportunity Fund Ltd., which is a Bahamas-based fund.

Univest Securities acted as the sole placement agent in facilitating this strategic financing, marking a significant milestone in ZKIN’s journey towards enhanced growth and innovation.

About the Financing:

ZKIN has successfully secured a substantial passive investment of $5 million from a Bahamas Fund, signaling a vote of confidence in the Company’s vision and future prospects. The investment will be made in three separate subscriptions and one closing, demonstrating a structured approach to fostering a long-term belief in the Company’s vision and future.

The Initial Subscription – Establishing Foundations:

An initial investment of $1,500,000 will be completed within three business days after signing the Securities Purchase Agreement (the "Agreement") (the "Initial Subscription Date"). This initial phase sets the tone for the partnership’s future by providing essential capital when it is most needed. The agreed per-share price for this closing is equal to $1.70 per share.

The Second Subscription – Fortifying Collaboration:

Following the successful completion of the initial tranche, an additional $2,000,000 investment will be executed within 60 days from the Initial Subscription Date (the "Second Subscription Date"). This second phase will look at solidifying CF Fund’s belief in the Company’s vision.

The Third Subscription – Sustaining Momentum:

Building on the momentum of the previous subscriptions, the final investment of $1,500,000 will be concluded within 60 days from the Second Subscription Date (the "Third Subscription Date"). The per-share price for this closing is equal to 165% of the higher of (i) the Initial Bid Price, (ii) or the closing bid price as of the trading day immediately prior to the Third Closing Date, or (ii) the average closing bid price during the five trading days immediately prior to the Third Subscription Date.

Strengthening ZKIN’s Financial Position:

This financing marks a significant milestone, providing ZKIN with a robust financial foundation to expedite its mission of delivering innovative steel products and solutions globally. The invaluable support from CF Opportunity Fund Ltd., facilitated by Univest Securities, will empower ZKIN to explore new opportunities, expand its operations internationally, and fortify its position in the dynamic steel industry.

A Pioneering Journey:

Remaining steadfast in its commitment to innovation, excellence, and sustainable growth, ZK International Group Co., Ltd. welcomes this substantial passive investment from CF Opportunity Fund Ltd. Aligned with the Company’s vision, this financing opens doors to a promising future. ZKIN eagerly anticipates the collaborative efforts that will help shape the future landscape of the steel industry.

Mr. Jiancong Huang, Chairman of the Company, stated, "We are delighted by the trust placed in ZK International Group Co., Ltd. by the CF Opportunity Fund Ltd. This strategic financing not only strengthens our financial standing but also underscores the shared belief in our commitment to delivering cutting-edge solutions to its shareholders. With an above market pricing by the fund just solidifies that the Company is undervalued and has more foreseeable growth in the future.

Mr. Chris Fraunenknecht, CEO of the CF Opportunity Fund Ltd., emphasizes, "that this passive investment is not intended for establishing control of ZKIN, but instead should signal that the fund is committed to a supportive role, fostering growth and innovation while respecting the existing leadership and strategic direction of ZK International Group Co., Ltd."

For more information, please visit www.ZKInternationalGroup.com. Additionally, please follow the Company on Twitter, Facebook, YouTube, and Weibo. For further information on the Company’s SEC filings please visit www.sec.gov.

About ZK International Group Co., Ltd.:

ZK International Group Co., Ltd. is a China-based engineering company building and investing in innovative technologies for the modern world. With a focus on designing and implementing next-generation solutions through industrial, environmental and software engineering, ZKIN owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards.

ZKIN’s core business is to engineer and manufacture patented high-performance stainless steel and carbon steel pipe products that effectively deliver high quality, highly-sustainable and environmentally sound drinkable water to the Chinese, Asia and European markets. ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee. It has supplied stainless steel pipelines for over 2,000 projects, which include the Beijing National Airport, the "Water Cube" and "Bird’s Nest", which were venues for the 2008 Beijing Olympics. ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which has been stated to be 70% unfit for human contact.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of ZK International. Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are included in the Company’s filings with the U.S. Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Source : ZK International Group Co., Ltd. and The CF Opportunity Fund Commits $5 Million Investment with the First Subscription Priced at $1.70 per Share

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

Hainan FTP cements ties with Malaysia across multiple sectors

CISION PR Newswire

Nov 29, 2023

A promotional event for the Hainan FTP held in Kuala Lumpur, Malaysia, on Nov. 27. (Photo: Feng Shuo / Hainan Daily)

HAIKOU, China, Nov. 29, 2023 /PRNewswire/ — A report from Hainan International Media Center (HIMC):

South China’s Hainan Province has cemented and deepened cooperation with Malaysia in economy & trade, agriculture, transportation, tourism, and culture, holding a Hainan Free Trade Port (FTP) promotional event and other exchanges across Malaysia from November 25 to 28.

A Hainan FTP promotion conference attended by over 400 representatives was held in Kuala Lumpur, the capital city of Malaysia, on November 27. Eight contracts for key projects involving agriculture, trade, education, business services, and other industries were formally signed at the event.

A promotional event for the Hainan FTP held in Kuala Lumpur, Malaysia, on Nov. 27. (Photo: Feng Shuo / Hainan Daily)

In addition, the island province of Hainan signed a letter of intent to establish a twin relationship with Selangor, the most developed state in Malaysia, as well as cooperation memorandums with the NCT Smart Industrial Park (NSIP) and Port Klang Authority (PKA).

On November 26, the Federation of Hainan Association Malaysia opened the Hainan Cultural Relics Museum as part of their 90th anniversary celebrations in the capital of Malaysia. Founded in 1933, the federation has long served as a bridge of people-to-people and cultural exchanges between the province of Hainan and Malaysia.

In June 2020, Chinese authorities issued a master plan for the development of the Hainan FTP, considered a flag bearer and crucial gateway for China’s continued opening up in the new era.

Malaysian companies are invited to expand their business in the Hainan FTP by taking advantage of preferential FTP policies and fostering tighter bilateral cooperation in fields such as transportation, tourism & culture, agriculture & trade, talent exchanges, and the low-carbon industry.

Source : Hainan FTP cements ties with Malaysia across multiple sectors

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