Author: Abbas Ali Sheikh (Abbas Ali Sheikh)

Health was the top motivator for diet changes, with 7 in 10 saying they are now adopting these changes for longer term

KUALA LUMPUR, MALAYSIA - Media OutReach - 11 December 2020 - Premier global nutrition company, Herbalife Nutrition, today released findings from the 2020 Diet Decisions Survey, which revealed that Asia Pacific consumers are eating better and exercising more, with 58% believing that they will emerge healthier in the new normal. The survey, which polled 8,000 consumers in eight Asia Pacific markets, including Australia, Indonesia, Japan, Malaysia, Philippines, South Korea, Taiwan and Vietnam, also shed light into the motivations behind the consumers' recent dietary and lifestyle changes, with the aim of inspiring more people to adopt better nutrition and lifestyle habits to improve their overall well-being now and into the future.

"There is always room to improve your lifestyle, especially when those changes can lead to lasting results in your personal well-being," said Stephen Conchie, Senior Vice President and Managing Director, Asia Pacific, Herbalife Nutrition. "From the survey, we observed that more individuals are eating fruit, vegetables and other plant-based foods, and consuming less meat. In fact, more consumers want to eat nutrient-dense, plant-based proteins but don't know where to start. This reveals a need for wider public nutrition education to help consumers make better decisions in their daily diets."

"We can create a conducive environment for consumers through easy-to-follow meal plans, readily-available health and wellness coaching and convenient meal alternatives. This way, Herbalife Nutrition can enable more people to have access to healthier meal options and accurate nutrition information, forming healthier, active lifestyle habits in the longer term," added Stephen.

Consumers believe they will emerge heathier than before

According to the survey findings, 39% of respondents have made a major change to their diet this year, with the highest number to have done so in Indonesia, Vietnam and Philippines. Among the top motivators for changing their diet include:

o    Their health (77%)

o    Weight loss (39%)

o    More cost-effective (31%)

o    More environmentally-friendly (24%)

The key reasons for effecting dietary changes this year as opposed to taking action at other times include:

o    Had time to research healthier foods (52%)

o    Had time to cook more and learn new recipes (40%)

o    Wanted to use time at home for a positive change (36%)

Beyond making changes to their diet, 56% also started to exercise more, with consumers in Vietnam, Philippines and Indonesia leading the way.

Shift towards plant-based diets

Diving deeper into the dietary changes, 49% of consumers who have made changes to their diet started eating more fruits and vegetables, 46% ate less meat, while 39% chose to eat more plant-based foods.

In addition, 41% displayed a greater openness to plant-based food options than before, especially in the Philippines, Vietnam, Malaysia and Indonesia.

However, 58% said that while they would like to incorporate more plant-based proteins into their diet, they were not sure of how to begin doing so. This sentiment was particularly strong among consumers in Vietnam, Philippines and Indonesia.

Positive health impact, sustained dietary changes expected  

When it comes to the impact of the dietary changes, a large majority of consumers - 83% - have noticed a positive difference in their health. In addition, 68% believed that their dietary changes this year have lasted longer compared to a different time. As a result, 82% plan to keep the dietary changes for the foreseeable future.

To help consumers maintain their new diets in the new normal, having easy-to-follow meal plans came up tops (54%) as the key factor to keep up with their healthier nutrition regime. In addition, 41% said that having a health and wellness coach would help, while 40% chose convenient meal alternatives that don't take long to make.

About Herbalife Nutrition

Herbalife Nutrition is a global company that has been changing people's lives with great nutrition products and a proven business opportunity for its independent members since 1980. The Company offers high-quality, science-backed products, sold in over 90 countries by entrepreneurial members  who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Through the Company's global campaign to eradicate hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities around the world.

For more information, please visit IAmHerbalifeNutrition.com.

SINGAPORE - Media OutReach - 10 December 2020 - As the year end draws to a close, it is time again to review and sign up for your daily Memberships. Specially this Christmas, the Automobile Association of Singapore (AAS) is launching a limited-time offer on their Membership promotions. Not without its privileges, the AA Membership is a gateway to wide-ranging services and events for motorists.

As the trusted partner to motorists in Singapore, AA leads the frontier in providing services and rebates guaranteed to suit varying lifestyle needs. Extending across a suite of promotions and privileges, the AA Membership is packaged for families, individuals and tertiary students who might require roadside assistance anytime, anywhere in Singapore. Those without a valid driving license can still revel in gaming and lifestyle privileges along with overseas discounts offered with the Social Membership.

In the season of giving, our Membership promotions are upgraded to value-add your experience on the road. Compared to a standard 1-year new Membership application price of $112.35, the AA Membership subscription is going for a discounted $68 per year, for a minimum of 3 years. There is no better time than now to sign up if you haven't. You'll be able to access a host of rebates and services that can elevate your driving experience. AA Singapore is also giving $68 redemption offers, handy for offsetting any AAS-IA insurance or AAShop purchases, including car battery replacements - perfect for gifting season. What's more, by filling in your spouse's details, the promotion subscriber stands to reap an additional bonus of AA Family Membership plan at $32.10 yearly. That's not all, for members and public who send in a quotation request to AAS Insurance Agency, they stand a chance to win attractive prizes!

A Membership with AA Singapore will accord you a full suite of benefits, designed to ensure smooth journeys, locally and internationally. Additionally, the provision of a 24/7 call centre and mobile app ease requests for roadside assistance, from towing and battery replacement to flat tyre changes. The gift that keeps on giving, you can rest assured that driving abroad will be a breeze, given its reciprocal breakdown services in over 120 countries. Gift yourself and your loved ones a AA Membership this holiday season.

About Automobile Association of Singapore

The Automobile Association of Singapore (AAS) is the leading provider of Roadside Assistance Service (RAS) and the voice for motorists. In addition to motorist-related services, AA Singapore also organises driving holidays and a comprehensive selection of motoring and lifestyle workshops.

AA Singapore is affiliated to the Federation Internationale de l'Automobile (FIA), which represents the motoring interests of more than 200 member associations in over 140 countries. Through this affiliation, AA Members can expect the same level of motoring convenience and assistance when they drive overseas.

AA Singapore is the sole issuing agent for International Driving Permit and for Carnet de Passages en Douane.

For more information, visit our website here.

Machu Picchu and the Golden Empires of Peru

• With the support of the Ministry of Culture and the Government of Peru, Cityneon has entered into an agreement with Museo Larco and Inkaterra Asociación, together with World Heritage Exhibitions to bring Machu Picchu and the Golden Empires of Peru, a historical artefacts IP exhibition to the world
• Cityneon's first artefacts exhibition includes 228 unique pieces from Museo Larco in Peru, featuring the largest gold collection to ever travel the world
• The exhibition focuses on ancient civilisations that pre-date the Inca empire and the highlight of the exhibition is a fully intact Gold attire of a Chimú Emperor, that dates back to 1300 AD, before the expansion of the Inca Empire
• Debuting in October 2021 at the Boca Raton Art Museum in Florida, the exhibition will be touring to various cities across the globe
• Targeting to welcome 12 to 15 million visitors worldwide
• This latest expansion builds on Cityneon's repertoire of world-class experiences, positions the Group as one of the world's largest experience entertainment companies that are continuing to grow amidst the Covid-19 pandemic

SINGAPORE - Media OutReach - 10 December 2020 - Cityneon Holdings ("Cityneon", the "Company"/collectively with its subsidiary, "Victory Hill Exhibitions", the "Group") today announced that it has entered into an agreement with Museo Larco and Inkaterra Asociación, with the support of the Ministry of Culture and the Government of Peru. In 2021, Cityneon will debut an exhibition of over 200 pieces of rare, original artefacts from Peru that focuses on ancient civilisations that pre-date the Inca empire. Called Machu Picchu and the Golden Empires of Peru, the exhibition will feature pieces that are valued at approximately US$250 million and will travel to various cities around the world.

Watch an Exciting Video about
Machu Picchu and the Golden Empires of Peru Here

The official signing ceremony was conducted virtually on 4^th November, 2020 with key representatives from Cityneon, Museo Larco, Inkaterra Asociación and World Heritage Exhibitions, transcending geographical limitations from Singapore, to Peru to the United States of America.

Partnering with World Heritage Exhibitions as the exclusive global show operator and promoter, Machu Picchu and the Golden Empires of Peru features the largest gold collection to ever travel the world and it includes a virtual walkthrough of the UNESCO World Heritage Site Machu Picchu -- perfect for scratching the travel itch during this pandemic. To preserve this invaluable historical site, fewer than 1 million travellers are allowed entry into Machu Picchu every year. With the recent global pandemic situation, the need for social distancing and other measures to prevent the spread of the coronavirus, this number has further dipped to 250,000. Cityneon is proud to be selected as the partner to bring the ancient Peruvian culture to the world.

In Machu Picchu and the Golden Empires of Peru, visitors will be treated to the fascinating story of the transformation of dozens of ancient cultures in Peru, starting with the Chavín culture, one of the earliest civilizations in the Americas, and stretching 3,000 years to the discovery of Machu Picchu by Hiram Bingham III in 1911.

The highlight of the exhibition is a fully intact Gold attire of a Chimú emperor, that dates back to 1300 AD. The Chimú empire was born from the previous Moche state in the northern coast of Peru, centuries before the expansion of the Inca empire, that formed the largest empire of the Southern Hemisphere.   

The Chimú attire is the expression of an imperial body dressed in gold, channelling the power of the Sun, representing this Andean God on earth, and it will be surrounded by more than 10 earlier royal gold and silver ancestral attires from the land of the Incas.

Mr. Ron Tan, Executive Chairman and Chief Executive Officer of Cityneon, said: "We are honoured to be trusted by Museo Larco and the Government of Peru to showcase these treasures to the world. We believe our expertise and track records will let us do justice to these remarkable pieces of rare Machu Picchu artefacts and allow us to take visitors through big, wonderful experiences. We are thankful to work with partners as established as the Museo Larco, Inkaterra Asociación and World Heritage Exhibitions. Together, we are confident to showcase this thrilling exhibition about the ancient cultures who lived in this city 7,000 feet above sea level in the Andes Mountains."

With the limited entertainment options available as the world recovers from the unprecedented global pandemic situation, Machu Picchu and the Golden Empires of Peru will differentiate itself as a safe entertainment option due to the sheer size of the exhibition  spanning over 1,500 square meters, allowing social distancing between visitors while they savour the 228 pieces of original Peruvian artefacts.

Mr. José Koechlin Von Stein, President of Inkaterra Asociación said: "We are delighted to announce this partnership with Cityneon. Their track records of holding interactive exhibitions means Machu Picchu and the Golden Empires of Peru will be just as engaging as all their previous works, and we look forward to hosting millions at this historical, educational and fun exhibition while visitors learn about Peruvian history. We trust Cityneon's vast expertise will truly bring ancient Peru to life."

Mr. Andrés Alvarez-Calderón Larco, President of Museo Larco said: "We're incredibly proud of our rich history and trust that Cityneon is the best partner to showcase the extraordinary and rich history of ancient Peru, bringing to life the various cultures that have lived in the land of the Incas and Machu Picchu over an astounding 5,000 years. We cannot wait for people all over the world to view these amazingly preserved artefacts up close."

Mr. Anthony Tann, President and Chairman of World Heritage Exhibitions, said: "We are extremely honoured and excited to be the exclusive global partner for the operations and promotions of this thrilling and engaging exhibition about the Peruvian culture. We are targeting to welcome approximately 12 to 15 million visitors from all over the world to visit this enchanting exhibition."

To hold the exhibition, Cityneon has assembled an experienced global team who would be able to handle these precious historical treasures. The Group's subsidiary Victory Hill Exhibitions holds the world's largest market share of Hollywood exhibition IPs globally, and it will make use of its vast industry experience in the curation of intellectual property in the travelling museums artefacts space.

Having won the trust of billion-dollar Hollywood studios, the Group now looks to partner more governments of the world to bring their history and culture to people all over the world. This exhibition of Machu Picchu is Cityneon's foray into historical artefacts and it will not be the last. Stay tuned for more announcements in this space.

About Cityneon Holdings

With its global reach and international partnerships, Cityneon has the capability to serve its clients anywhere in the world. Cityneon was listed on the Mainboard of the Singapore Stock Exchange since 2005, and was privatized on February 2019 by West Knighton Limited, a company wholly owned by Cityneon's Executive Chairman and Group CEO, Ron Tan, together with Hong Kong veteran entrepreneur and investor, Johnson Ko Chun Shun. Johnson is a capital markets veteran and has held controlling interests and directorships in many listed companies.  In May 2019, Cityneon welcomed CITIC Capital as a new shareholder, who holds approximately 10% shares in Cityneon. CITIC Capital is part of CITIC Group, one of China's largest conglomerates, and has over US$29b of assets under its management across 100 funds and investment products globally. Other institutional shareholders of the Group include EDBI - a Singapore government-linked global investor, and Pavilion Capital - a Singapore-based investment institution which focuses on private equity investments, that made strategic investments in August and October 2019 respectively, to support the Group's further expansion globally. For more information, please visit www.cityneongroup.com.

About Victory Hill Exhibitions

Victory Hill Exhibitions is a subsidiary of Cityneon Holdings and is an exhibition production company which strives to create interactive exhibits that attract visitors and have educational value. With 25 years of experience and cooperation with pioneers in technology from around the world, Victory Hill is able to create astounding interactive experiences, and can adapt based on our clients' needs to satisfy each and every unique need.

About Museo Larco

Founded in 1926 by Peruvian archaeologist Rafael Larco Hoyle, the Museo Larco invites visitors to explore more than 5,000 years of Ancient Peruvian history through a fascinating collection of pre-Columbian art of around 45,000 objects. Surrounded by beautiful gardens, the museum is housed in an 18th century viceroyalty mansion. This inspiring space exhibits the most extraordinary collection of gold and silver artifacts from ancient Peru, and the

famous collection of erotic art, one of the most visited Peruvian attractions. Its unique visible storage is one of the few in the world to be open to the general public, where walking between thousands of carefully classified archaeological objects becomes a one-of-a-kind experience. Artifacts from the Museo Larco are considered worldwide icons of pre-Columbian art. In recent years, in the most prestigious social networks of travel advice, such as TripAdvisor, the Museo Larco has been ranked among the top 25 museums in the world and the best museum in South America.

About Inkaterra Asociación

Self-funded through ecotourism, Inkaterra Asociación is a non-profit organization committed to scientific research as a basis for biodiversity conservation, education and the wellbeing of local communities. Inkaterra Asociación is supported by strategic partnerships with National Geographic Society, Smithsonian Institution, Global Environment Facility (World Bank Group), Conservation International, Cornell Lab of Ornithology, International Game Fish Association, International Finance Corporation (World Bank Group), CAF (Development Bank of Latin America), Harvard University, Oregon State University, Agraria--La Molina University, San Marcos University, among other influential organizations.

About World Heritage Exhibitions

Founded in 2020, the World Heritage Exhibitions team has a combined 50 years of experience producing, promoting, and designing the biggest blockbuster exhibitions in the world. Our mission is to be the world leader in cultural experiences, producing the finest quality experiences that captivate, educate, and inspire people throughout the world.

DOHA, QATAR
- Media OutReach - 10 December 2020 - The Qatar
Football Association (QFA) handed over the
third part of its bid to host the AFC Asian Cup 2027. This section of the file
includes the delivery of a government guarantee that is compatible with the
AFC's requirements for a successful bid.

The government guarantees pledged by
the State of Qatar is a commitment to meeting all regulatory conditions for
hosting the tournament to the high standards that the QFA aims to achieve. The
pledge fulfils the approved schedule laid out by the Asian Football
Confederation, the game's ruling body on the continent.

This commitment is part of the Qatar
National Vision 2030, which promotes the advancement of the country's
capabilities in all fields, with the help of massive investment in the coming
years -- already evident from the mega-projects currently underway in Qatar.

The guarantees confirm the QFA's
desire to fulfil all the hosting requirements -- drawing on its accumulated
experience and organizational expertise, acquired from staging many major sporting
events over more than two decades.

With Qatar now considered to be the
sports hub of the region, it is fully prepared to host the championship --
especially given the participation of 24 teams, who will play a total of 51
matches.

This (24 team) tournament, Qatar
appreciates, will require the preparation of 8 to 10 stadiums to international
specifications, providing the best possible facilities for players, fans and
partners alike, in line with the values and global stature of the AFC Asian Cup
2027.

The QFA submitted the first part of
its bid file on 26th August, followed by delivery of the second part, including
the legal requirements on 29th October. The file incorporates all aspects of
hosting the tournament and emphasises Qatar's proven ability to stage top
sporting events.

HONG KONG SAR
- Media OutReach - 10 December 2020 - In
the post COVID-19 world, managing a corporate social responsibility (CSR)
programme that makes a meaningful difference, balances the views and concerns
of diverse stakeholders, and is cost effective can be a difficult tightrope to
walk even for companies looking at their home market.

This task likely becomes even more complicated for
multinational organisations operating in far flung locales and across diverse
cultures, and as companies are increasingly being assessed on their willingness
to demonstrate a commitment to helping fight the pandemic and to provide relief
to affected stakeholders.

In light of this, new research conducted by a team,
including at The Chinese University of Hong Kong (CUHK) Business School, found
that CSR activities conducted by the parent organisation of a multinational
company can positively influence the ability of overseas subsidiaries to
operate in their respective markets.

While prior research tended to focus on the effect of CSR at
the corporate group level, the new study; conducted by Shige
Makino, Professor of Management at CUHK Business School, in collaboration
with Prof. Frank Jiang Guoliang at Carleton University and Prof. Jae C. Jung at
the University of Missouri -- Kansas City; dives down to how it affects
subsidiaries across different countries.

Titled Parent
Firm Corporate Social Responsibility and Overseas Subsidiary Performance: A
Signaling Perspective, the study cross-referenced and
analysed the financial information, foreign domestic investment and CSR
activities of 196 Japanese firms between 2002 and 2014 across three databases.

Local
Stakeholder Buy-in

Stakeholder buy-in is crucial for companies that operate
across diverse borders. A company operating in different jurisdictions must
deal with local stakeholders in each of its markets, and these can include
government and public and private sector organisations, not to mention the
wider community. Altogether they influence crucial parts of subsidiary
operations, such as through granting of permits and licenses, as well as
forming key suppliers or customers.

Only when these stakeholders are satisfied that a company's
social and environmental practices align with their own, would they be willing
to grant access and support the subsidiary's local operations.

The problem for some multinational organisations is because
they are able to deploy vast resources to expand in new markets quickly, they
sometimes lack the local track record needed to build a working relationship
with regional stakeholders.

This can be addressed to a certain degree by parent
companies providing information such as its social and environmental stance,
its commitment to building a positive working environment and to product
quality, and to maintain development in a sustainable way. Such so-called
long-range "signaling" can give the stakeholders of a local
subsidiary information that is conducive to building the foundations of a good
working relationship, especially when the subsidiary is not yet a known entity
in that particular market.

The researchers further found that this effect varied
depending on the activity of the subsidiary.

"We find that the manufacturing subsidiaries of
multinational organisations tend to have more diverse stakeholders, and that
means they are both more incentivised to learn about the CSR values of
companies that operate there and have better means to do so," says Prof.
Makino.

He adds that the stakeholders of manufacturing operations
typically range from labour unions, to local suppliers and environmental
non-government organisations, all of which are highly invested in how
multinational companies operate from an ecological, economic and social point
of view.

"In another words, they don't rely much on the
messaging from corporate headquarters," he says. Manufacturing units also
typically have bigger environmental footprints, and they generate more skilled
and higher-paying jobs, meaning they have a bigger impact on local economies
and communities.

The higher stakes mean local stakeholders of manufacturing
subsidiaries are likely to find the CSR messaging communicated by a faraway
corporate headoffice insufficient. Because these stakeholders are more
organised, they also have the means to find out more about the company
operating in their jurisdiction.

On the other hand, the stakeholders of sales subsidiaries
consist mainly of consumers, who are typically more receptive to CSR signalling
on a corporate level, Prof. Makino says.

Press
Freedom and Local Information

The study also found that a multinational company tends to
be better able to communicate its group-wide CSR values when the countries
where their subsidiaries operate have a high degree of press freedom.

Having a free and open media allows multinational companies
to not only communicate to its stakeholders its CSR values, it also makes
stakeholders more receptive and for the message to be understood, says Prof.
Makino.

The other key factor that researchers looked at was how
local information about a subsidiary (once a company has established broad
operational presence in-country) interacted with the CSR messaging from the
corporate parent. It found that availability of information on a local
subsidiary diminished the "halo" effect of parent CSR reputation.

"If a local stakeholder sees that a subsidiary walks
the talk, then that information is likely to be more actionable to them than a
press release put out by executives sitting on another continent," the
professor says. When a company has operated long enough in a market for there
to be a track record, this localised information provides a better way for
stakeholders to judge the social, environmental and ethical values of the
company, he adds.

Looking at the bigger picture, Prof. Makino says the
findings mean that CSR signalling from a parent firm can be a source of
competitive advantage for overseas subsidiaries, one corporate managers should
actively exploit.

"In particular, senior corporate executives should seek
to fine tune the amount, quality and ways group-wide CSR information could be
accessed in order to build trust and support with stakeholders in places where
its subsidiaries operate," he says.

Lastly, he says multinational companies should seek to
tailor their CSR messages to the individual markets rather than adopt a
one-size-fits-all approach. "Each market is different, so by tuning their
CSR messages to specific markets, multinational companies can provide a more
accurate way for stakeholders in specific countries to learn directly about the
values of their subsidiaries that operate there."

"This more direct route is preferable to having
stakeholders try to speculate about the values of local subsidiaries from the
actions and words of a corporate head office, which could be located thousands
of miles away."

Reference:

Guoliang
Frank Jiang, Jae C. Jung, Shige Makino, Parent Firm Corporate Social Responsibility and
Overseas Subsidiary Performance: A Signaling Perspective, Journal of World Business, Volume 55,
Issue 6, 2020

This
article was first published in the China Business Knowledge (CBK) website by
CUHK Business School: https://bit.ly/3otZ7zj.

About CUHK Business School

CUHK
Business School comprises two schools -- Accountancy and Hotel and Tourism Management -- and four
departments -- Decision Sciences and
Managerial Economics, Finance,
Management and Marketing. Established in Hong Kong in 1963, it is the first
business school to offer BBA, MBA and Executive MBA programmes in the region.
Today, the School offers 10 undergraduate programmes and 18 graduate programmes including MBA, EMBA,
Master, MSc, MPhil and Ph.D.

In the Financial
Times Global MBA Ranking 2020, CUHK MBA is ranked 50^th. In FT's 2020 Executive MBA ranking, CUHK EMBA is ranked 15^th in the world.
CUHK Business School has the largest number of business alumni (40,000+) among
universities/business schools in Hong Kong
-- many of whom are key business leaders. The School currently has more than 4,800
undergraduate and postgraduate students and
Professor Lin Zhou is the Dean of CUHK Business School.

More information is available at http://www.bschool.cuhk.edu.hk or by
connecting with CUHK Business School on:

Facebook: www.facebook.com/cuhkbschool

Instagram: www.instagram.com/cuhkbusinessschool

LinkedIn: http://www.linkedin.com/school/cuhkbusinessschool

WeChat: CUHKBusinessSchool

SINGAPORE - Media OutReach - 9 December 2020 - The global pandemic has now reportedly claimed almost 1.5 million lives and many countries are leveraging partnerships to fight second, third and even fourth wave of infection. In Indonesia, concerted efforts are afoot to increase testing as infection numbers continue to rise.

 Donation handover ceremony at the Indonesian Embassy in Singapore. From left to right: Dr Satrijo Tanudjojo, Global CEO, Tanoto Foundation, Mr Benedict Cheong, Chief Executive, Temasek Foundation, H.E. Suryo Pratomo, Indonesia's Ambassador to Singapore, Mr Anderson Tanoto, member of the Board of Trustees,Tanoto Foundation.

Donation handover ceremony at the Indonesian Embassy in Singapore

Dr Satrijo Tanudjojo, Global CEO, Tanoto Foundation, Mr Benedict Cheong, Chief Executive, Temasek Foundation, H.E. Suryo Pratomo, Indonesia's Ambassador to Singapore, Mr Anderson Tanoto, member of the Board of Trustees,Tanoto Foundation.

To help boost COVID-19 testing capacity and access in Indonesia, Tanoto Foundation and Temasek Foundation have jointly made a donation of one MGI RNA extraction machine (MGISP-960), one PCR testing machine (Thermofisher QS5) and 10,000 test kits to Indonesia-based social enterprise GSI Lab (Genomik Solidaritas Indonesia Laboratorium).

The donation package will support an additional 600 tests per day on top of the 5,000 tests GSI Lab is currently able to process.

Professionally supervised and certified by national and international bodies, GSI Lab supports the testing needs of 100 government-affiliated and private hospitals, clinics, small laboratories around the Greater Jakarta Area, including Puskesmas Cilandak, Puskesmas Jagakarsa, Puskesmas Pasar Minggu, and Health Authority (Dinas Kesehatan) of Jakarta.

This is the first collaboration effort between Temasek Foundation and Tanoto Foundation even as both organisations have provided COVD-19 aid to various countries since the pandemic broke.

Representatives from both foundations met Indonesia's new Ambassador to Singapore H.E. Suryo Pratomo in a symbolic hand-over ceremony at the Indonesian Embassy this morning.

H.E. Suryo Pratomo said, "We are touched by the solidarity displayed in the first ever collaboration between Temasek Foundation and Tanoto Foundation to help Indonesia raise our testing capacity. GSI Lab's good work reminds us that everyone has a meaningful role to play in helping the community prevail. This collaboration is a good demonstration of how borderless efforts can be mobilised against a virus that does not discriminate, and we hope this can inspire renewed resolve in fighting the virus."

Dr J. Satrijo Tanudjojo, Global CEO, Tanoto Foundation, said: "Tanoto Foundation has its roots in Indonesia but over the past two decades, we have also established a presence in Singapore and China. We are glad to be able to partner Temasek Foundation in Singapore to collectively assist in providing reliable testing which is crucial to any country's recovery and reopening. This donation marks another resolute step in our collaborative work to support the Government of Indonesia in combating COVID-19. It is a long battle, but we and our partners have every hope in our hearts that we will together prevail against this pandemic and emerge stronger."

"Since the start of the pandemic, Temasek Foundation has worked closely with many medical institutions, public and corporate organisations, and local communities in Indonesia in the areas of diagnosis, treatment, protection and prevention of further infection. Together with Tanoto Foundation and GSI Lab, we are able to extend our support by increasing diagnostic and testing capacity. The fight against the pandemic is a protracted one and all of us must work together to keep our communities safe," said Mr Benedict Cheong, Chief Executive, Temasek Foundation International.

Dr Nino Susanto, CEO of GSI Lab, said: "The donation helps us expand our lab capacity by 10 percent, allowing us to provide more PCR testing for the Indonesian people. This collaborative effort is deeply rooted in our values, which we call gotong-royong. It is such an honor and privilege for us to do this."

About The Tanoto Foundation

Tanoto Foundation is an independent philanthropic organization founded by Sukanto Tanoto and Tinah Bingei Tanoto based on the belief that every person should have the opportunity to realize his or her full potential. Tanoto Foundation programmes stem from the belief that quality education accelerates equal opportunity. We harness the transformative power of education to realise people's full potential and improve lives. Tanoto Foundation focuses on making an impact in three areas: improving learning environments; future leaders development; as well as medical research and sciences. Visit https://www.tanotofoundation.org/ for more information.

About Genomik Solidaritas Indonesia

GSI Lab is a social enterprise established to help Indonesia overcome COVID-19 through rapid and accurate testing. GSI Lab re-invests profits to further amplify our vision and mission. GSI Lab offers corporates and individuals the opportunity to contribute to our program #SwabAndSaveIndonesia which provides free PCR tests for people in need, and to support the Government's surveillance programs. Visit www.gsilab.id for more information.

About Temasek Foundation

Temasek Foundation supports programmes that uplift lives and communities in Singapore and beyond. We aim to strengthen social resilience, foster international exchange and enhance regional capabilities, advance science and protect the planet for a sustainable world. For more information, visit www.temasekfoundation.org.sg. 

HONG KONG SAR - Media OutReach - 9 December 2020 - Orange Sky Golden Harvest Entertainment (Holdings) Limited ("Orange Sky Golden Harvest" or the ''Company'', together with the subsidiaries collectively as the "Group", SEHK stock code: 1132) has today entered into a Heads of Agreement with Singapore-listed mm2 Asia Limited (''mm2''), for the possible merger of the Company's cinema business in Singapore with mm2's cinema business in Singapore and Malaysia. In conjunction with the proposed merger, the parties will bring in one or more new investors to inject capital into the merged entity.

Orange Sky Golden Harvest conducts a movie distribution, screen advertising and ownership and operation of cinema business through, Dartina Development Ltd, its wholly owned subsidiary, with 13 operating cinemas in Singapore under the ''Golden Village'' brand. mm2 conducts its screen advertising and ownership and operation of cinema business through mm CONNECT PTE LTD (''mm Connect''), a wholly owned subsidiary of mm2. mm Connect operates eight cinemas in Singapore under the ''Cathay'' brand and 14 cinemas in Malaysia under the ''Cathay Cineplexes Malaysia'', ''Mega Cinemas'' and ''Lotus Fivestar'' brands. mm2 also operates a movie film distribution business and an online streaming business.

Under the terms of the Heads of agreement, the parties will undertake an initial financial, legal and business due diligence review of the other party's business, and discuss and negotiate the terms of the definitive agreement relating to the proposed transaction. The proposed transaction is subject to the approval of the shareholders of the Company, the shareholders of mm2, the Stock Exchange of Hong Kong Limited and the Singapore Exchange Securities Trading Limited, as well as the requisite approvals or rulings from the applicable governmental authorities, including the Competition and Consumer Commission of Singapore (''CCCS'') in relation to anti-trust issues. In light of this, the parties are working towards a submission to the CCCS in relation to the merger.

Meanwhile, the proposed merger would also enable the Group to expand into a new market in Malaysia, and gain immediate access to an established online content streaming application. By combining their resources, the Group would further stand to benefit from greater financial and operating stability, as well as a stronger operating platform for the combined business. Along with this, the cash investment by the new investor(s) would also provide additional working capital to strengthen the combined business' balance sheet and meet its operating costs.

• Residential
  Market: Home prices remain on track to suffer a drop of
  about 10% for the whole of 2020. The market is expected to stabilize in the second
  quarter of 2021.
• Investment
  Market: Number of transactions and investment volume in 2020 are expected to drop
  to a 10-year new low. In 2021, however, the total number of non-residential transactions
  is forecasted to rebound to a level exceeding that of 2019.
• Office Market: Office
  demand remained weak in Q4, pulling net absorption YTD down to -2 million sq.ft.,
  the worst on record.
• Retail Market: While
  retail rental declines showed signs of slowing in Q4, they are expected to
  remain under pressure through 1H 2021; An emerging trend in F&B of food
  hall concepts is expected to grow in the near term. 

HONG KONG SAR - Media
OutReach - 9 December 2020 - 2020 has undoubtedly
been one of the most challenging years for Hong Kong in recent decades. The
property market, as one of the key economic pillars of Hong Kong, has been hard-hit
at multiple levels. Although the outlook remains gloomy, there are early signs
of recovery towards Q2 or Q3 2021 once a vaccine becomes available and if
various sectors are able to embrace new and flexible strategies to grow.

The Residential Market:

Mr Alva To, Cushman & Wakefield's Vice President,
Greater China & Head of Consulting, Greater China, commented, "The first-hand
market remained strong in Q4, mainly due to strong pent-up demand and favorable
mortgage benefits. On the other hand, the second-hand and luxury markets continued
to suffer as a result of economic weakness caused by the pandemic. As the economy remains weak, we forecast the residential
market to remain under pressure for the remainder of 2020 and into Q1 2021. Though
much depends on the course of the pandemic and the timing of a vaccine, the
market is expected to begin to stabilize in Q2 2021 at the earliest."

Property transaction volumes in terms of Sales and
Purchase Agreements (S&Ps) in 2020 fell to the second lowest level in the
past decade, recorded only 73,253 YTD. The decline was largely driven by a drop-off
in non-residential transactions, which fell to the lowest level in a decade, and
even lower than during SARS.

Residential S&Ps were down by 3%

q-o-q with the expectation that they will continue to edge
lower in December as the city is hit by a fourth wave of COVID-19 cases. Among
residential segments, the impact on the mass market was relatively mild, with prices at City One and Taikoo Shing down by 5.4% and 12.6% y-o-y
respectively.

The impact on the luxury residential segment was more severe as some estates
have suffered from a decline in mainland Chinese demand during the pandemic.
Prices at Residence Bel-Air (Phase 2) fell by 10.8% in 2020 while those in the
Harbourside plummeted by nearly 25% in the year.

The Investment Market:

The Investment market remained subdued in Q4 2020, capping a challenging
year in which the overall real estate investment fell to the lowest level in
the past decade. As of today, a total of only 169 major transactions (each with
a consideration of over HK$100 million) have been recorded. The commercial
property sector was hardest hit in the year with just 60 major transactions
recorded, down further from the 89 transactions recorded in 2019. 

Mr Tom Ko, Cushman & Wakefield's Executive
Director, Capital Markets in Hong Kong, said, "The commercial property sector was hit the hardest in 2020 with total transactions in in
the year down by more than 70% from the recent peak in 2018. Favorable
factors including the relaxation of mortgage rates and the abolition of double
stamp duty on non-residential properties offered a temporary boost especially for
small-scale transactions. The investment market is expected to bottom out in
2021 and the number of non-residential transactions is forecasted to rebound to
a level exceeding that of 2019."

Overall
investment volume in Q4 remained at a similar level to Q3, while investment
into primary residential remained the most active among all sectors, accounting
for almost half of the total transactions. The commercial transaction volume doubled in Q4, but
was largely attributable to the en-bloc sale of Cityplaza One in Hong Kong East
for HK$9.85B.

The Office Market:

Grade A office rentals extended their declines in Q4 for a
seventh consecutive quarter, with the overall average rent in Hong Kong falling
5.5% q-o-q and 18.7% YTD, returning them to their level in Q2 2015. Rents in
Prime Central and Greater Central down by 20.9% and 21.3% YTD respectively,
while all submarkets continued to come under significant pressure as demand remained
weak.

Weak demand pulled
net absorption YTD down to -2 million sq.ft., in what was the worst
performance on record. Overall availability climbed to 12.1%, the highest
level since Q1 2005, as availability in all districts with the exception of
Hong Kong East,  climbing into double
digits in the quarter.

Mr. John Siu, Cushman & Wakefield's Managing
Director, Hong Kong, commented, "Hard hit by the
pandemic, 2020 was extremely challenging for companies, and the weakness is likely
to extend into 2021 with rents forecast to fall further by as much as 16% and
availability climbing to about 14%. Net absorption is forecasted remain in negative territory,
ranging from -650,000 to -700,000 sq. ft. as demand is set to remain weak in 2021.
Despite the limited new supply scheduled for 2021, the 4.2 million sq. ft. new
supply from nine projects planned in 2022 is expected to continue to weigh on
rentals. Should the COVID-19 vaccine become available by mid-2021, that should
support some recovery in demand."

Mr. Keith Hemshall, Cushman & Wakefield's Executive Director &
Head of Office Services, Hong Kong, commented, "Office rents will continue their
downward trajectory as demand remains weak and availability rises. Large occupiers with leases expiring
in 2022/23 will seek to leverage against over four million square feet of new Grade
A supply completing in 2022. Decentralization will accelerate as occupiers seek to cut costs and
accordingly Landlords in core districts will come under increasing competition
to retain existing tenants and backfill vacant space, resulting in increasingly
favorable packages being offered. Meanwhile, small occupiers will continue to consider serviced offices as
an option to maintain flexibility and avoid upfront capex. The service office
sector continues to evolve as Landlords are now entering the market in direct
competition with established players."

The Retail Market:

The retail
market continued to be hard-hit by a fourth wave of COVID-19 cases in Hong
Kong. Retail sales in the first 10 months of 2020 dropped by 27% y-o-y, led by
the decline of jewelry & watches (57.3%) and medicine and cosmetics
(51.8%).

Retail sales across most sectors
remained weak through October, as sales remained reliant solely on local
consumers in the absence of tourist arrivals during the pandemic. Retail sales of daily necessities remained resilient due to
social distancing measures, with supermarket sales up 10.3% y-o-y. Vacancy
rates across submarkets remained elevated while dipping slightly in Causeway
Bay, but it may begin to fall in coming months as some landlords turn to
short-term leases to fill spaces.

Mr Kevin Lam, Cushman & Wakefield's Executive Director, Head
of Retail Services, Hong Kong, commented,
"The retail market
had a tough year in 2020 as one of the sectors hardest hit by COVID-19. We do
believe rentals will stabilize in 2H 2021 when tourists are likely to return as
a result of effective vaccination. Meanwhile, with
flexible leasing package for small tenants with innovative centralized
management, we see potential for a growing trend in food halls to support the
F&B sector."

Please
click HERE
to download the event photo.

Photo Caption

From Left to Right: Mr. Keith Hemshall,
Cushman & Wakefield's Executive Director & Head of Office Services,
Hong Kong, Mr Tom Ko, Cushman & Wakefield's Executive Director, Capital
Markets in Hong Kong, Mr. Keith Hemshall, Cushman & Wakefield's Executive
Director & Head of Office Services, Hong Kong, Mr Alva To, Cushman &
Wakefield's Vice President, Greater China & Head of Consulting, Greater
China (Centre), Mr. John Siu, Cushman & Wakefield's Managing Director, Hong
Kong

About Cushman & Wakefield

Cushman
& Wakefield (NYSE: CWK) is a leading global real estate services firm that
delivers exceptional value for real estate occupiers and owners. Cushman &
Wakefield is among the largest real estate services firms with approximately
53,000 employees in 400 offices and 60 countries. Across Greater China, 22 offices
are servicing the local market. The company won four of the top awards in the
Euromoney Survey 2017, 2018 and 2020 in the categories of Overall, Agency Letting/Sales,
Valuation and Research in China. In 2019, the firm had revenue of $ 8.8 billion
across core services of property, facilities and project management, leasing,
capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china)

Epic esports event will see teams pitting their skills this December…

TAIPEI, TAIWAN - Media OutReach - 9 December
2020 - The AOC Masters Tournament - VALORANT, AOC has entered
its final stage and has drawn teams across Asia, with entrants from Hong Kong,
Indonesia, Malaysia, Philippines, Singapore, Taiwan, and Thailand, pitting
their skills against each other for the right to be called the grand champion.

To battle to success in this
competitive tournament, gamers will need to exploit every advantage to beat the
competition, and fast, lag-free models from AOC's G2 and Agon monitor lines
designed to enhance gaming experience and performance, and give players a
competitive edge.

The Grand Finals
will be from December 11 to 13, 2020, and will be broadcasted on the following
channels.

●      Thailand

          ○      Thai - https://www.facebook.com/AOCTH/

          ○      Thai - https://www.facebook.com/MineskiTH/

          ○      Thai - https://www.twitch.tv/mineskitv_th

●      Hong
Kong

          ○      English - https://www.facebook.com/AOCHK

●      Philippines

          ○      English - https://www.facebook.com/AOCPHIL

●      Indonesia

          ○      English - https://www.facebook.com/AOCIND

          ○      Bahasa - https://www.youtube.com/channel/UCUw4nCeLHdp3-OQoE9-CBBA

●      Malaysia

          ○      English - https://www.facebook.com/aocmalaysia/

          ○      English - https://web.facebook.com/TheGamePlann/

●      Singapore

          ○      English - https://web.facebook.com/AOCSG/

          ○      English - https://web.facebook.com/TheGamePlann/

●      Taiwan

          ○      Mandarin - https://www.facebook.com/AOCTW                     

          ○      Mandarin - https://www.twitch.tv/4gamers_01

●      Asia
Pacific

          ○      English - https://www.facebook.com/AOCMonitorAsiaPacific

Squads wasted no time in
signing up for Riot Games' hottest entrant in the world of esports, VALORANT.
VALORANT's slick design as a deeply tactical FPS has led to its meteoric rise
on Twitch. AOC gaming monitors, designed for battle, provide a perfect, fully
immersive viewing experience and competitive functions designed to help you win
with high-end specs. AOC provides a full line-up of monitors from which
customers can choose.

By hosting the online
tournament, AOC, the world's leading gaming monitor provider, is repaying its
customers' devotion by delivering a legendary tournament where play, watch and
win is the name of the game garnering viewers in the spirit of a unified global
gaming community.

AOC called on prospective
VALORANT players and their teams from across the region last September and
October to be part of the action in the qualifying rounds. November saw the
action shift into the exciting group phases where even underdogs pulled the rug
from heavily-favored squads with teams who communicated well thrived despite
budget battle loadouts.

The tournament also sees
participation from professional squads across Southeast Asia such as Thailand's
Attack All Around and MiTH.Attitude, Indonesia's Alter Ego, Philippines' BREN
Esports, Malaysia's TODAK and Kingsmen, Singapore's Team SMG, and Taiwan's ahq
eSports Club.

About Mineski Global

Mineski Global is the pioneer esports company of Southeast
Asia that has a track record of holding esports tournaments in the Philippines,
Indonesia, Thailand, and the rest of the world thanks to broad and extensive
experience in all aspects of esports and gaming since 2004. Mineski Global aims
to unify gamers into the largest sports community through content, events, and
other engagement platforms.

About AOC

Sold in over 107 countries, AOC is a market leader in
electronic displays and is positioned to be one of the top global brands in
providing the best display technology to users worldwide. With nearly 50 years
of experience in market analysis and consumer feedback, AOC is dedicated to
designing products that address rising technological trends, as well as the diverse
and changing needs of different consumers. Our commitment is emphasized through
AOC's slogan: 'Vision at Heart.' -- at AOC, we've kept the hearts of our users
in our vision, and we've kept their vision in our heart. Find out more about
AOC at: www.aoc.com.

About Agon

Agon comes from the
classical Greek word meaning contest. Designed especially for gamers, the
premium line of AOC Agon monitors embodies the spirit of competition. With
stunning visual displays, cutting-edge features and advanced gaming technology,
Agon gaming monitors are designed by the professionals for the smoothest and
fastest gaming experience. Backed by some of the best eSports gaming teams and
used in global eSports competitions, Agon gaming monitors offer a serious
competitive edge. Whether you're dominating the league or an aspiring home
gamer, AOC gaming monitors will take you to the next level.  

About VALORANT

VALORANT is a
competitive 5v5 character-based tactical shooter for the PC developed by Riot
Games. VALORANT is a precise and
lethal multiplayer game with high-fidelity gunplay, a diverse arsenal of guns,
agents with unique abilities, and competitively tuned maps for thousands of
hours of play. 

VALORANT is a
free-to-play game and optimized to perform on a wide variety of PC hardware,
allowing for a global audience to compete. Demonstrated by the game's
best-in-class game server quality, global infrastructure, and proprietary
anti-cheat technology, Riot Games is committed to preserving the core tenets of
the tactical shooter genre and upholding the competitive integrity of the
gameplay experience. 

VALORANT quickly established itself as a fan-favorite among
the global first-person shooter community after launching its closed beta in
April 2020. The game made history on its first day, breaking viewership records
with 34 million hours-watched in a single day, and surpassing 1.7 million peak
concurrent viewers, a peak concurrent record second only to Riot Games' 2019
League of Legends World Championship Finals. Over the course of VALORANT's
two-month beta testing period, an average of nearly 3 million players logged on
each day to play. Fans also demonstrated their enthusiasm for the shooter by
watching more than 470 million hours of VALORANT closed beta streams on Twitch,
the world's leading service and community for multiplayer entertainment, and
Korean video-streaming service AfreecaTV.

About Riot Games

Riot Games was
founded in 2006 to develop, publish, and support the most player-focused games
in the world. In 2009, Riot released its debut title, League of Legends, to worldwide acclaim. League has gone on to be the most-played PC game in the world and a
key driver of the explosive growth of esports. 

As League enters its second decade, Riot continues to evolve
the game while delivering new experiences to players with VALORANT, Legends of
Runeterra, Teamfight Tactics, League of Legends: Wild Rift, and multiple
work-in-progress titles, while exploring the world of Runeterra through
multimedia projects across music, comic books, TV, and more. Founded by Brandon
Beck and Marc Merrill, Riot is headquartered in Los Angeles, California, and
has 2,500+ Rioters in 20+ offices worldwide. 

Enterpryze unveils new invoice, payment and cash flow solution at the 2020 Singapore FinTech Festival which will change the way SMEs do business

SINGAPORE
- Media OutReach - 9 December 2020 - Enterpryze,
a cloud based invoicing, accounting and ERP platform, launches Invoice &
Pay solution for Small and Medium Enterprises (SMEs) in Singapore during the
Singapore FinTech Festival 2020.

Introducing Enterpryze Invoice & Pay

Designed
for small business owners looking for a simple, easy-to-use invoicing solution,
Enterpryze's Invoice & Pay allows them to collect
payments faster than ever before. Small
business owners can adopt Invoice & Pay through UOB BizSmart, a suite of
cloud-based solutions by UOB to help SMEs digitalise their business processes
such as invoicing, sales, and accounting. 
Start your 30-day free trial of Enterpryze today.

Using
Enterpryze's solution, businesses can generate sales and purchase invoices
easily. They can get paid by PayNow QR code with real time credit notification,
and they can also manage outgoing payment to suppliers. Businesses can also
integrate the Invoice & Pay solution with their UOB business bank accounts
to reconcile their transactions quickly and conveniently.

Enterpryze
Invoice & Pay is ideal for start-ups and small businesses looking for
simple tools to manage their sales and invoicing quickly and easily. As their
business grows, Enterpryze grows with them, allowing them to seamlessly upgrade
to the Accounting, Inventory or full ERP solutions.

Enterpryze is a seamless
InvoiceNow-ready solution

Because Enterpryze is an InvoiceNow-ready
solution, 
businesses can send invoices via the e-invoicing network automatically.
InvoiceNow helps to shorten invoicing processing time and help businesses get
paid faster without any manual paperwork, resulting in healthier cash flow for
SMEs. Furthermore, businesses that register for InvoiceNow on or before 31
December 2020 can receive an E-Invoicing Registration Grant (ERG) of $200,
which will be paid out through PayNow Corporate (T+Cs apply).

Take payment faster with PayNow

An incredibly simple solution that helps
businesses improve cash flow, PayNow allows SMEs to take payment faster via a
dynamic PayNow QR Code. A Dynamic QR Code links the QR code with the invoice,
meaning the invoice amount doesn't need to be typed in again manually. This
minimises any human-error when collecting payment and is especially useful for
businesses dealing with cash-on-delivery or for SMEs choosing to send a QR code
via WhatsApp to get paid.

Says Morgan Browne, CEO of Enterpryze, "Enterpryze
has been working with UOB Bizsmart for almost 3 years, providing integrated
solutions to SMEs. Today, with Invoice & Pay we now offer solutions to all
SMEs, from the start-up to the super scaler. No longer are SMEs restricted by
solutions that will not grow with their business. Enterpryze can meet your
needs today and into the future."