Business

LIKE App is ready to venture into largest population market in the SE Asia, Indonesia

LIKE App is ready to venture into largest population market in the SE Asia, Indonesia

JAKARTA, INDONESIA – Media
OutReach
 – 10 September 2020 – LIKE App is a disrupting social media
marketing platform with the key mission of “providing
an accessible platform for everyone to participate and create value to the
public through the power of social media”, LIKE App is currently offering influencers with genuine
influence growth support and merchants with quality social media traffics. LIKE
App is venturing into the Indonesia market starting from September 2020. It is
tapping into the largest social media marketing industry in SE Asia region
through strategic localization.

LIKE App is ready to venture into largest population market in the SE Asia, Indonesia.

 

“LIKE App has registered over 200,000 users, across SE Asia as of
September 2020. Compared to other social media marketing platforms, LIKE App
has two unique advantages, a strong community of social media users and a
healthy social media ecosystem development aspect. LIKE has established
partnerships with local community groups across SE Asia and work with
influencers closely. LIKE App also provides the best rewards for the community
of social media users as well as the lowest cost for influencers and merchants
with the aim to generate the highest value for the ecosystem where the whole
community can strive together. Thanks to LIKE App technology, merchants can now
reach and work with influencers with just a few clicks. Its technology allows social
media users to contribute their social activities and generate organic traffics
for both influencers and merchant.” said Timofey Smirnov, CEO, LIKE App. “LIKE
App is constantly engaging new communities and partners to ensure that the
ecosystem gradually grow over time and able to provide a triple win situation
for all parties.”

 

LIKE App’s business model allows
merchants from varies brands to connect with relevant influencers at the ease
of their fingertip across SE Asia. LIKE App provide this service through a talent pool of genuine social
media users from various platforms such as Tiktok, Facebook, Instagram and Whatsapp. The team has
specialized in social media marketing for multiple years and it is cooperating
closely with major platforms and influencers to maximize the number of views
and likes to the next level.

 

 “Indonesia is one of the most attractive
market for LIKE App to venture into due to its large population and the rise of
middle class. These significant improvements were caused by increased smart
phone and social media usage in the country. LIKE App aims to capitalized on
this digital trend in Indonesia and compete for a market share by offering a
more efficient yet quality social media marketing service. With the help of
local Indonesian community, LIKE App occupies a strong foothold in Jakarta and
aim to expand across the country in 2020. Through a strong localization
strategy, LIKE App is ready to build a strong social media presence and the
team is constantly engaging with local partners to meet the strong demand in
the market.” Said Robert Thompson, CTO, LIKE App.

 

About LIKE APP

LIKE App is a disrupting social media marketing platform. LIKE App
specializes in providing influencers and merchants with genuine traffic growth
through a pool of quality social media users. The LIKE App team has extensive
experiences in the multi-marketing channel industry for some of the most
influential brands and influencers in the SE Asia. LIKE App’s mission is to provide an accessible platform for everyone to
participate and create value to the public through the power of social media. https://www.likeapp.net

 

Email: support@likeapp.net

WhatsApp: https://wa.link/towt3o   

Telegram: https://t.me/likeappcs03

Mobile Link (PC &
Apple): https://www.hello2048.com/#/home

Android: https://lijntzy-ycmhv.com.zzjuxiang.com/package/test/LIKE_release.apk

HK TOP Professional Flame Cooking Platform Towngas Cooking Channel Arrives on YouTube

HK TOP Professional Flame Cooking Platform Towngas Cooking Channel Arrives on YouTube

  • Star chefs assemble!
    Unbox cookery secrets, culinary inspirations every day
  • Introducing intensive
    courses on Chinese cooking for domestic helpers
  • Secret tips on ingredient
    selection and culinary arts
     

HONG KONG,
CHINA – Media OutReach –
10 September 2020 – In the midst of the pandemic, everyone looks to hone
their cooking skills while staying home. To help spice up the eating-at-home
routine, the Hong Kong and China Gas
Company (Towngas)
proudly launches its “top”-of-the-town Towngas Cooking
YouTube Channel. With a celebrity chef ensemble sprinkling flame cooking ideas
around, the professional culinary platform promises to kindle your interest in
cooking and enrich your recipe collection — from casual cooking to gourmet
dinner; local daily deli, Japanese, Korean, Thai cuisine, French pastry to even healthy and
tasty veggie dishes — you name it, we have it!

Please download high
resolution photos here:

(https://bit.ly/2FqQJPN)

 

Star chefs reveal secrets of flame cooking
and share over 500 recipes

When it comes
to keeping well, a healthy diet is just as vital as protective gear. With
limited opportunities to dine out these days, it becomes particularly important
to expand your repertoire of recipes. The Towngas Cooking YouTube Channel
features your favourite celebrity chefs, including Chef Paul, Master Chow
Chung, Swiss chef Jacques Kagi, French cuisine guru and Disciples Escoffier
Professional Diploma graduate Joey Leung, celebrity mom Skye Chan, Super-Daddy Kay Ho, Star Doctor
Marcus Kwok, YouTuber Portugal
Story-Telling Chef John Rocha and Warm-boy Chef Andy Dark — to
name but a few — who will take turns to present professional cookery advice and
demos on a daily basis. In addition to live instructions, these culinary
maestros will share essential facts about foods, give pointers on handling
ingredients and condiments, and reveal their best hidden secrets of cooking!
With a collection of over 500 simple recipes that will soon be presented one by
one from now on, anyone can be a super chef!

 

A promising flame cooking platform where
experts in various cuisines convene

When asked
about the launch of the Towngas Cooking YouTube Channel, Towngas General
Manager — Retail Marketing and Sales, Catherine Wong remarks, “Since the number
of COVID-19 cases has fluctuated lately, many people prefer cooking at home
over dining out. According to market research, there’s an exponential growth in
searches for recipes. In response to the demand, Towngas launches our very own
flame cooking platform Towngas Cooking YouTube Channel, where star chefs
specializing in different cuisines convene. We have celebrity chefs, French
cooking gurus, doctor, parenting
experts, YouTubers, and many more, who are eager to share
tips and advice on flame cooking, culinary inspirations, and innovative dishes.
It promises to ignite your passion for cooking, sharpen your cooking skills,
and fill your kitchen with delightful flavours! With our channel, anyone is
just a few clicks from being a super chef!”

 

Towngas Cooking YouTube
Channel September to October Features:


Monday

Healthy Monday

 

Instructed
by physician Marcus Kwok and Mimi Veggie Doris Wong, author of “Vegetarian Dishes
That Satisfy Vegans and Meat-lovers Alike”, who will share recipes for
healthy and delicious dishes. With careful seasoning and cooking styles,
healthy eating can be easily achieved!

Instructed by Marcus Kwok

  • Hearty riceless low-fat
    fried rice
  • Cancer-fighting kimchi
    pot
  • Immunity-boosting mushroom
    soup
  • Low-sugar healthy spaghetti

Instructed by Mimi Veggie – Doris Wong

  • Tom Yum Soup
  • Grilled tofu in Korean
    style
  • Veggie lamb curry
  • Tri-colour veggie eel roll

Tuesday

Intensive Course for Domestic
Helpers

 

A Chinese
cooking boot camp tailored for domestic helpers, these sessions are conducted
in Filipino and Indonesian.

  • Selecting and preparing hairy
    marrow and broccoli
  • Formulating home cooking
    recipes
  • Preparing and cooking
    squirrel fish
  • Sharing the secrets of
    making steamed egg with minced pork and beans

Wednesday

French Wednesday

 

French
cuisine guru Joey Leung gives cookery demos on authentic French cooking
style. Turn your home kitchen into a French kitchen!

  • Classic sole meunière
    with black olive sauce
  • Ratatouille Quiche
  • Chicken cacciatore in French style with mushroom
    sauce
  • Lemon Madeline

Thursday

Culinary Tips4U

Fai Gor’s Kitchen

  • all about dried abalones
  • all about dried scallops
  • all about bird nest
  • Soaking fish maw with
    ease
  • Soaking sea cucumbers
    with ease
  • Handling Japanese
    mushrooms
  • all about caterpillar
    fungus
  • Selecting cured meat
  • all about dried oysters

Friday

KOL Friday

 

Online
influencers share innovative cooking ideas and personal kitchen stories.

Instructed by John Rocha

  • Piri Piri in Portuguese
    style with couscous
  • Grilled Wagyu beef
    bruschetta in Portuguese style
  • Artisan fried
    vermicelli

Instructed by Andy Dark

  • Korean style bean sprout
    soup with rice (accompanied by Korean style steamed eggs)
  • Ice cream cup with
    churros
  • Japanese omelette curry
    rice

Saturday

Star Chef Weekend

 

Star chefs
give instructions on preparing gourmet dishes and troubleshoot common
culinary mistakes. No more sweat in the kitchen!

Instructed by Chef Paul

  • Creamy scallops with
    black truffle
  • Schweinshaxe (German
    pork knuckle)
  • Amadai with tomatoes

Instructed by Master Chow Chung

  • Miso roast chicken with
    wine-marinade
  • Baked noodles with
    yellow croaker
  • Szechuan style port belly with chili
  • Lettuce wrap with
    minced beef and diced tomatoes
  • Miso yaki with
    wine-marinade
  • Durian toast

Sunday

Sunday Mom & Dad

 

Skye Chan
and Kay Ho share parenting tips and recipes for healthy and delicious dishes
to address picky eating habits in children.

Instructed by Skye Chan

  • Stimulating interest in
    learning —  oyako don
  • Crossroads at distance
    learning and working from home: time management, family activities, and
    emotion management — gyu don and onsen tamago
  • Scheduling for distance learning — mille feuille
    nabe
  • Adjusting parents’ expectations — Japanese curry
    rice with meat patty

Instructed by Kay Ho

  • Finance: Understanding wants and needs from
    dining — prime rib sandwich
  • Education: Managing picky eaters — pesto
    spaghetti with chicken
  • Bonding: Benefits of reading picture books —
    fish and chips
  • Parenting: Controlling resources, not children —
    apple crumble

About Towngas Cooking Centre

The Hong Kong and China Gas Company Limited
officially established the Towngas Cooking Centre in May 1977. For over 40
years, we have promoted the joy of flame cooking to inter-generational
customers. The Towngas Cooking Centre at Lee Theatre is equipped with cooking
tables with adjustable heights for young kids so members at all ages can enjoy
flame cooking. We have a vast array of culinary courses tailored to various
needs, such as the Excellent Wife Certificate programme for beginners, and the
Crash Course for Students Abroad to prepare youngsters who are going to study
overseas.

As a pioneer in culinary education, we
understand the demand for professional culinary training in the market. Leading
the trend in cookery, we have partnered with Disciples Escoffier to bring
Disciples Escoffier Diploma in Culinary Arts and the Disciples Escoffier
Diploma in Pastry to Hong Kong. Graduates will be awarded the “Level 5 National
Diploma in French Cuisine or Pastry”, which is accredited by the French
Ministry of Education. With this Grand Diploma, students are granted the
qualification to pursue their career as professional cooks or open restaurants
in France. This partnership with Disciples Escoffier takes the culinary
education experience to a whole new level.

In response to the varied cooking needs
during the pandemic, Towngas Cooking Centre has adopted different creative teaching
modes, including in-person classes, online courses, and premium online
programmes whose participants will receive curated ingredients by courier.
Participants will watch live tutorial classes while having hands-on practice at
home, and have their questions addressed simultaneously. All these innovation allows
our customers enjoy cooking at home!

For Towngas Cooking Channel YouTube

https://www.youtube.com/channel/UCnRAYsxHxDsVrsLP6oi4XEQ

Welcome
to contact us and be our partners!

Arrow Electronics Empowers Hong Kong Startups to Accelerate Commercialization of Smart Sports Gadgets

Arrow Electronics Empowers Hong Kong Startups to Accelerate Commercialization of Smart Sports Gadgets

Arrow Open Lab makes engineering support more accessible to bring innovative products to life

 

HONG KONG, CHINA – Media OutReach – 10
September 2020 – Global technology solutions provider Arrow
Electronics
today announced its IoT and engineering services collaboration with
Hong Kong-based technology startup Platysens to accelerate the commercialization
of smart and connected sports devices.  Powered
by sensing and IoT technologies, smart sports gadgets can bridge the physical
and digital world by collecting a wealth of information about performance
metrics and providing real-time actionable insights for sports enthusiasts,
athletes, and trainers to strive for continuous improvement. 

Arrow Electronics empowers Hong Kong startups to accelerate commercialization of smart sports gadgets

The global sports technology market is expected to grow at CAGR 20.4% by
2027, according to a recent research.1  Founded by sports enthusiasts in
2014, Platysens is a startup focused on sports sensors
and analysis. “Today the world of sports has been increasingly shaped by
technology integration,” said CY Wong, founder of Platysens, “We see there is a
unfulfilled demand in the market for robust smart wearables to provide swimmers
with accurate and real-time data and analysis. 
Thanks to the engineering guidance and support by Arrow, we are able to
rapidly integrate IoT and sensing technology and shorten our new product
introduction cycle.”

Benefited from the free engineering
consultative services available at Arrow’s Open Lab located in Hong Kong
Science Park, Platysens is able to rapidly combine algorithm, IoT, and sensing
technology to accelerate its new smart product development schedule.  With
the engineering support and consultative service provided by Arrow engineers at
its Open Lab, Platysens put together a working prototype for its new product
SEAL, which is expected to be launched by end of the year.  This smart gadget is designed to capture the
motion and force of the swimmer exerted by different parts of the body over
time.  Powered by STMicroelectronics MEMS,
force sensor, and Nordic Semiconductor Bluetooth low-energy system-on-a-chip, the device transforms physical
strokes and force movement into digital data, delivering real-time and accurate
actionable insights for swimmers and trainers to understand efficiency and
maximize performance.

“We are consistently seeking ways to make it
easier for innovators and engineers to create, make and manage the technology
of tomorrow,” said Jacky Wan, Arrow’s vice president of engineering for APAC.  “We are excited to be a trusted technology
partner to Platysens and many other technology startups and companies in the
region, guiding them through the journey, starting from ideation to proof of
concept, design, testing, and mass production.”

Platysens was also an Incu-Tech program graduate
of Hong Kong Science & Technology Parks Corporation (HKSTP) in 2017.  “HKSTP offers world-class infrastructure and
services to help tech companies and startups accelerate their innovation
journey to commercial success.  Many of
our startups are young engineers and entrepreneurs with great ideas.  The collaboration between Arrow and Platysens
is a great example of two companies with different expertise coming together
within our ecosystem,” said Ir. Peter Yeung, Head of Electronics & ICT
Clusters of HKSTP.

Demonstrating Arrow’s commitment to making best-in-class
design tools, resources, and engineering expertise accessible to innovators and
engineers, Arrow’s Open Lab has assisted hundreds of technology companies and
startups from the region in their idea-to-prototype-to-product innovation
journey. 

Learn more about how Arrow
enables Platysens to bring their innovative ideas to life via this video.


1 https://www.absolutemarketsinsights.com/reports/Global-Sports-Technology-Market-2019-2027-405

About Arrow Electronics

Arrow Electronics (NYSE:ARW) guides innovation forward for over 175,000
leading technology manufacturers and service providers. With 2019 sales of $29
billion, Arrow develops technology solutions that improve business and daily
life.  Learn more at www.fiveyearsout.com.

Information Relating to Forward-Looking
Statements

This press release includes “forward-looking”
statements, as the term is defined under the federal securities laws, including
but not limited to statement regarding the expected growth rate of the global
sports technology market. These forward-looking statements are subject to
numerous assumptions, risks, and uncertainties, which could cause actual
results or facts to differ materially from such statements for a variety of reasons,
including, but not limited to, changes in market conditions and market demand.
For a further discussion of these and other factors that could cause Arrow’s future
results to differ materially from any forward-looking statements, see the
section entitled “Risk Factors” in Arrow’s periodic reports on Form 10-K, Form
10-Q and subsequent filings made with the Securities and Exchange Commission.
Shareholders and other readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date on which they
are made. Arrow undertakes no obligation to update publicly or revise any of
the forward-looking statements.

5GAA Releases New 2030 Roadmap for Advanced Driving Use Cases, Connectivity Technologies and Radio Spectrum Needs

5GAA Releases New 2030 Roadmap for Advanced Driving Use Cases, Connectivity Technologies and Radio Spectrum Needs

BRUSSELS, BELGIUM – NEWSAKTUELL – 9September 2020 – In the next two to three years, the 5G Automotive Association’s (5GAA) expects to see mass deployment of vehicle-to-everything (V2X) use cases geared towards improving traffic efficiency and road safety around the world. This vision is outlined in a new White Paper released by 5GAA which explores how leading automakers, mobile network operators and their suppliers see the world of automotive connectivity evolving over the coming decade.

 



Vehicles talking to one another but also to roadside and telecom infrastructure and operators — so-called V2X communication — is just the tip of 5GAA’s vision for ‘advanced 5G-connected driving’. In its latest White Paper, 5GAA offers a comprehensive roadmap to guide all parties involved in this near-term market development, bringing both automotive and telecom sectors together to fulfil what 5GAA sees as a powerful digital ecosystem in this fast-moving field.

 

The Paper highlights selected end-to-end V2X applications factoring in the necessary technological evolution, industry readiness and spectrum needs. 5GAA has developed ‘advanced driving’ use cases such as Cooperative Manoeuvres and Sensor Sharing in conjunction with both the adoption of Cellular Vehicle-To-Everything (C-V2X) standards and the availability of the required technologies and devices. These provide a tangible account of how advanced driving is taking shape globally.

 

Success in this endeavour requires to have all industry stakeholders on-board, including telecoms and automotive. Only then will new business opportunities and necessary investments be secured to fuel this ‘ecosystem’,” said 5GAA’s CTO and spokesperson Maxime Flament upon the White Paper’s launch.

 

With close to 200 million ‘connected vehicles’ already on the roads worldwide in 2020 and a growing number of vehicles with the ability to exchange traffic and road condition information over cellular networks, the foundations for 5G-connected driving are well established, the Paper points out. Further progress in coming years will pivot around 5G-V2X use cases for more efficient and safe driving. From 2025 onwards, 5GAA anticipates mass rollout of more advanced automated driving and safety use cases supported by vehicle connectivity. Additional automated driving functionalities are anticipated as from 2026.

 

Between now and 2024, ‘connected’ digital road infrastructure will pave the way for real-time or ‘dynamic’ traffic updates, hazard warnings, and high-definition mapping services. Towards 2026, advanced vehicle-to-vehicle (V2V) cooperation will further boost automated driving developments, including sharing sensor data and cooperative manoeuvring.

 

To fully support this evolution, 5GAA calls on national and regional administrations to make sufficient radio spectrum available for mobile communication networks in targeted low- and mid-bands, and it recommends harmonised use of the 5855-5925 MHz band for communication between road users and roadside infrastructure within the wider international digital traffic ecosystem.

 

Here, the White Paper acknowledges that some 5G-enabled applications may prove challenging to implement, while others will be easier and offer valuable lessons going forward: “Low-hanging fruit applications addressing OEM fleets, such as automated valet parking and tele-operated driving will open the door to more secure, safe and interoperable vehicle-to-network automotive applications across borders.”

 

Charting a clear way forward…

 

All in all, to deliver end-to-end V2X services and unlock the true value of vehicle connectivity, 5GAA considers that the realisation of its roadmap would require:

(1) sufficient spectrum for short-range direct communications at 5.9 GHz

(2) high levels of mobile network coverage along the roads

(3) sufficient service-agnostic mobile network spectrum for mobile network-based communications, in addition to the bands that are currently identified for International Mobile Telecommunications (IMT) use.

 

The essence and great promise of 5G is that it makes better use of the radio spectrum, boosts mobile network coverage, security and safety, while delivering environmental benefits for citizens and consumers. To chart a clear way forward, 5GAA calls on all players to work together while implementing the use cases highlighted in the Paper, as well as other measures outlined in 5GAA technical reports and papers.

 

Download a copy of 5GAA’s new White Paper, ‘A Visionary Roadmap for Advanced Driving, Connectivity Technologies and Radio Spectrum Needs’ here.

About 5GAA

The 5G Automotive Association (5GAA) is a global, cross-industry organisation of companies and OEMs from the automotive, technology and telecommunications industries working together to develop end-to-end solutions for future mobility and transportation services. 5GAA is uniquely placed to support 5G-V2X advances because it unites all major automotive, chipset, technology, telecom-mobile infrastructure and mobile network operators. In less than three years, more than 135 global players, including pioneering OEMs, have signed up to 5GAA’s vision.

For more information, please contact our media team at marcom@5gaa.org

GS1 Hong Kong Launches Quality Food Scheme+ to Boost Traceability, Food Safety Control and Management for Local Food Industry

GS1 Hong Kong Launches Quality Food Scheme+ to Boost Traceability, Food Safety Control and Management for Local Food Industry

HONG KONG, CHINA – Media OutReach – 9 September
2020 – GS1 Hong Kong launches a brand new “Quality
Food Scheme+” programme
to encourage food & beverage enterprises to adopt more stringent measures in
accordance with internationally accredited standards in terms of management,
control and traceability, for example identifying critical control points along
the food supply chain, which helps to enhance food safety and instil trust in
consumers.

(From left to right) Patrick Tong, General Manager of
Tong Shun Hing Poultry (HK) Co. Ltd.; May Chung, Chairperson of Hong Kong Food
and Beverage Industry Advisory Board of GS1 HK, and General Manager of Nestlé
Hong Kong Ltd.; Anna Lin, Chief Executive of GS1 HK; Ben Tsang, Managing
Director of SGS Hong Kong; Heidi Ho, Principal Consultant of GS1 HK.

Triple
Confidence Using a Trio of International Standards

The Centre for Food Safety has issued more than 75 food alerts and results of sample
with irregularity since the start of this year. The foods not in compliance
cover seafood, vegetables, sauce, etc., from Australia, China, England, France,
Thailand, New Zealand and others.
They were either stopped sale, removed from shelves or recalled by the traders.
While food safety incidents happen regularly,
citizens have been extra cautious as the COVID-19
persists.

To
help enterprises cope with the new normal in the midst of epidemic, GS1 HK
launches “Quality Food Scheme+” (the
new Scheme) with SGS HK as the audit partner. Under the new Scheme,
participating enterprises are assessed based on more comprehensive
internationally accredited food safety standards, including GS1 Global Traceability Standard (GTS),
ISO 22000 – Food Safety Management
System Standard
, as well as HACCP —
Food Safety Control Standard
.

In
response to the latest infection, the new Scheme report will provide companies
with disease prevention advice, including industry best practices and how food
safety management and system is uplifted through proper technology adoption.
For example, enterprise may be advised to use appropriate sensing and analysis
technologies for real time monitoring of the food processing operation so as to
strengthen the risk management control and enhance food safety.

“SGS Hong Kong is
delighted to collaborate with GS1 Hong Kong to be the audit partner of the new
‘Quality Food Scheme+‘. We help food
enterprises to engineer food source
control, food operations and
management in accordance with internationally accredited standards; identify and analyse the potential food safety hazards
and risk, from raw materials to products, from manufacturing to
handling process;
establish control points and formulate monitoring system. It helps enterprises to reduce and control risk, ensure product quality and food
safety, protect consumers’ health, build and safeguard food organisation’s market
integrity, and ultimately enhance competitiveness.” said Ben Tsang, Managing Director of SGS Hong
Kong.

Enhance
Brand Image and Win Consumer Trust

While
the existing “Quality Food Scheme” adopts GTS (Global Traceability Standard) as
the main criteria for assessment of food across the supply chain, which is
particularly useful for product recall management; the new Scheme takes
reference to additional global standards including ISO 22000 and HACCP on top
of GTS, and provides participating enterprise with an all-rounded review to enhance
its current system and practices.

Independent
third parties, GS1 Hong Kong and SGS Hong Kong, will perform the audit for the
participating enterprises, which help them to build brand image, reputation and
win
consumer trust. The enterprises will also receive a full report with recommendations
for improvement, helping to develop a roadmap for better food safety management
with its system and hence pursuing excellence. Please visit https://www.gs1hk.org/quality-food-scheme for
the details of the “Quality Food Scheme” and the “Quality Food Scheme+” for 2021.

May
Chung, Chairperson of Hong Kong Food and Beverage Industry Advisory Board of
GS1 HK, and General Manager of Nestlé Hong Kong Ltd., is glad to see the launch
of the new Scheme. “The food and food services industry is facing many
challenges, primarily the public trust in food safety. The launch of the new Scheme
is a perfect opportunity for the industry to be appraised by 3 international
standards, improve food traceability as well as enhance food safety management
and control throughout the supply chain. When consumers see the new Scheme
logo, they feel safer to buy and consume.”

GS1
HK has organised “Quality Food Scheme” for 5 years, and over 20 enterprises are
recognised every year to commend their outstanding performance in food
traceability, supporting food safety in Hong Kong. Please refer to Appendix 1
for the recognised company list this year.

Being recognised in “Quality Food Scheme” for 3
consecutive years, Tong Shun Hing Poultry (HK) Co. Ltd. also supports the
launch of the new Scheme. Patrick Tong, General Manager of the company said,
“As a major importer of chilled poultry in Hong Kong and Macau with 10 siu mei
restaurants, food safety has always been our focus. The Scheme not only
recognised our efforts, but also inspired us to set higher goals, such as enhancing
information transparency. We have decided to step up to join the new Scheme, to
allow more extensive review on our food safety management and pre-monitoring system,
which I believe will elevate our standard in that regard.”

Anna Lin, Chief Executive of GS1 HK, noted, “It is
a pleasure to see such tenacity in the food industry to uphold food safety in
Hong Kong. In a difficult time like this, joining ‘Quality Food Scheme+‘ not only helps companies comply to regulations,
but also rebuilds consumer trust and motivates repeat purchase once the
situation gets better. Apart from the 2 Schemes, we also offer food safety and
traceability training, consultation and track-and-trace solutions. We strive to
collaborate with the industry to raise the bar for food safety in Hong Kong, so
consumers will come back with a peace of mind.” 

Appendix 1

Recognised Companies of Quality Food Traceability Scheme 2020 (in alphabetical order)

 

Diamond Enterprise  
Café de Coral Holdings Ltd.

FrieslandCampina (Hong Kong) Limited

Hop Hing Oils & Fats (Hong Kong) Ltd.

Maxim’s Caterers Ltd.

Nestlé Hong Kong Ltd.

Sims Trading Co. Ltd.

Swire Coca-Cola HK Ltd.

Tong Shun Hing Poultry (HK) Co. Ltd.

Tsit Wing International Holdings Ltd.

Vitasoy International Holdings Ltd.

Wyeth Nutrition Hong Kong

 

Gold Enterprise

AEON Stores (Hong Kong) Co. Ltd.

DCH Food Mart

DCH Logistics Co. Ltd.

International Gourmet Foods Ltd.

Lorence & Company Ltd.

Sun Fat Heung Food Products Ltd.

Tai Luen Coffee Company Ltd.

 

Silver Enterprise 

Aquaculture Technologies Asia Ltd.

Starjet Trading Limited

About GS1 Hong Kong

Founded by the Hong Kong General Chamber of Commerce in 1989, GS1 Hong
Kong is the local chapter of GS1®, a not-for-profit, standards organisation
that develops and drives adoption of easy-to-implement global standards for
business to uniquely identify, accurately capture and automatically share vital
information about products, locations and assets. Headquartered in Brussels,
Belgium, GS1 has over 110 national chapters in 150 countries.

GS1 Hong Kong’s mission is to empower business to grow and to improve
efficiency, safety, authenticity and sustainability across multiple sectors and
facilitates commerce connectivity through the provision of a full spectrum of
platforms, solutions and services based on our global standards. We provide a
trusted foundation for accurate, sharable, searchable and linkable data. Our
EPC standard lays the foundation for IoT, powering a range of IoT-based
services and applications. We are helping industry to meet the challenges of
omni-channel commerce and create a seamless customer experience. By engaging
with communities of trading partners, industry organisations, government, and
technology providers, we are fostering a collaborative ecosystem and aiming for
“Smarter Business, Better Life”.

Currently, GS1 Hong Kong has around 8,000 corporate members covering close
to 20 industries including retail consumer goods, food and food services,
healthcare, apparel, logistics as well as information and technology.

For more information about GS1 Hong Kong, please visit www.gs1hk.org.

AIA Singapore pays tribute to essential workers, providing them with free protection, AIA #ShareTheLove Insurance plan, against infectious diseases including COVID-19 and dengue fever

AIA Singapore pays tribute to essential workers, providing them with free protection, AIA #ShareTheLove Insurance plan, against infectious diseases including COVID-19 and dengue fever

The special coverage is part of the insurer’s regional #ShareTheLove movement to give back to the community – by protecting what matters most, and enabling healthier, longer, better lives for generations to come

 

SINGAPORE
– Media OutReach – 9
September 2020 – AIA Singapore
today announced that they will be offering complimentary AIA #ShareTheLove
Insurance plans[1]
covering COVID-19 and 21 infectious diseases (including dengue fever) for the essential
workforce.

The initiative will rally
together members of the community to protect this vulnerable group. Starting
today, members of the public may nominate a family member or friend[2] who is an essential worker
via Facebook or Instagram. Both parties in the selected stories (individuals
who submitted the story and their nominees) will be provided with the free AIA
#ShareTheLove Insurance, which covers infectious diseases, including COVID-19
and dengue fever, paying tribute to their service by protecting what matters.

“These
workers have put the communities’ needs above their own health and wellbeing. Aside
from COVID-19, the exposure to infectious diseases is not over even after ending
their work, as dengue cases continue to plague homes. By engaging the help of
the community at large, we hope to play a part in bringing more of these
amazing stories of resilience to light and paying tribute to our essential
workforce. This is a little gesture of appreciation for the sacrifices that
they have and continue to make as we deal with this crisis,” said Ms Melita Teo, Chief Customer and Digital
Officer, AIA Singapore.

This activity is part of a regional AIA
#ShareTheLove movement taking place across Asia. It is during these challenging
times that we realise the positive impact that love can bring. Be it for
ourselves, our family, or the community, a little sharing of love goes a long
way. In Singapore, besides offering 2,000 complimentary AIA
#ShareTheLove Insurance plans as part of its efforts of paying tribute
to essential workers, AIA Singapore will also be raising funds for AIA
Singapore’s two adopted charities, Children’s Wishing Well and the VIVA
Foundation.

AIA Singapore has long played an important role
in progressing education, wellness and enrichment programmes for children and
youths from its adopted charity, Children’s Wishing Well, supporting the cause
for the third year. With corporate social responsibility continuing to be a key
priority, even amidst a crisis, the life insurer today also announced an
expansion of its giving commitment by partnering with a new beneficiary, the
VIVA Foundation, to do more to urgently narrow Singapore’s protection gap by
raising funds for paediatric cancer research.

More details on the #ShareTheLove campaign as
follows:

  • AIA Representatives are pledging their support
    by donating a portion of their policy sales during this period towards AIA
    Singapore’s adopted charities, as part of their continuous efforts to do their
    part for the community.
  • All donations made will be matched by AIA
    Singapore.
  • To do good while also providing additional
    assurance for customers in times of uncertainties over jobs security, selected
    AIA policies sold during this period will enjoy[3]:
    • – Free AIA Retrenchment Cover
      automatic 12-month cover that waives premiums for eligible plans and its
      attaching premium-paying riders for 12 months upon involuntarily retrenchment.

      – Discount of up to 25% on the
      first year’s premiums.
      – 2 Free AIA #ShareTheLove Insurance plans — covering COVID-19
      and 21 infectious diseases (including dengue fever) till 30 April 2021. One for
      yourself and another to share with someone!

    These initiatives are just one of many that AIA
    Singapore has introduced during the COVID-19 pandemic to support individuals
    and families in need. Other support programmes include:

    • Providing free COVID-19
      coverage
      for 2.6 million existing eligible individual
      customers, corporate members, employees and AIA Representatives[4]. The free coverage will
      also be extended to new AIA customers[5].
    • Giving corporate customers[6]
      access to free teleconsultation services via WhiteCoat
      , an
      on-demand telemedicine provider, thus allowing individuals who require
      professional medical advice to engage WhiteCoat’s Singapore-registered doctors
      from the comfort of their own home. AIA Singapore also covered the costs of
      50,000 teleconsultations for all policyholders of AIA HealthShield Gold Max — a
      MediSave-approved Integrated Shield Plan (IP).
    • Offering customers instalment plans to pay
      their premiums via our
      AIA COVID-19 Support
      Programme
      , for individuals and industries (corporate
      customers) badly impacted by COVID-19.
    • Introducing $1,000 work
      from home assistance scheme
      to cushion the impact
      of COVID-19 and provide support to all permanent and contract employees whilst
      telecommuting.
    • Creating a Resilience Booster Challenge and
      Solidarity Rewards Challenge
      to provide extra incentives and to reward
      AIA’s agency force who continue to service the financial needs of fellow
      Singaporeans during this trying period; additional relief support has also been
      provided for selected AIA Representatives who are facing financial challenges.

    Note
    to editor:

    How
    to submit your story and #ShareTheLove with the essential workforce:

     

    • Dedicate a social media photo or video post
      to a friend or family member[7](nominee)
      who is working in one of the essential/ permitted services (https://covid.gobusiness.gov.sg/guides/permittedserviceslist2.pdf listed on https://covid.gobusiness.gov.sg/permittedlist/) on your Facebook or Instagram pages;
    • Include a message of appreciation in at
      least 100 words to your nominee by telling us his/her story of resilience
      and why you think that insurance is the best gift for him/her in your
      photo post caption or video sharing;
    • Tag @aiasingapore (Instagram)/
      @singapore.aia (Facebook) and your nominee in the post;
    • Include the hashtags #ShareTheLove and
      #AIASG; and
    • Ensure that your social media profile or
      post is set to Public.

     

    Benefits
    of the free AIA #ShareTheLove Insurance plan[8]
    as follows:

    AIA
    #ShareTheLove Insurance

    Coverage
    duration: From inception date to 30 April 2021

    Benefits

     

    Coverage amount

    (Lump-sum payout)

    Hospitalisation Income Benefit

    A lump sum benefit will be paid out if the Insured Person is diagnosed and hospitalised in Singapore for a minimum of 3 days due to any of
    the covered 21 infectious diseases or COVID-19.

    S$1,000

    Non-Hospitalisation benefit

    A lump sum benefit will be paid out if the Insured Person is diagnosed
    in Singapore with any of the covered 21 infectious diseases after 14 days
    of policy inception.

    S$50

    Death benefit

    A lump sum benefit shall be paid upon death of the Insured Person due
    to any of the covered 21 infectious diseases or COVID-19 in Singapore.

    S$10,000

     

    List
    of 21 Infectious Diseases:

    • Hand, foot and mouth disease (HFMD)
    • Dengue fever (DHF)
    • Avian influenza or
      ‘bird flu’ due to influenza A viral strains H5N1, H9N2, H7N7, H7N9, or H1N1
    • Mumps
    • Rubella
    • Tuberculosis
    • Measles
    • Malaria
    • Anthrax infection
    • Yellow fever
    • Plague
    • Melioidosis or ‘soil disease’
    • Rabies
    • Legionnaires’ disease
    • Chikungunya
    • Nipah viral encephalitis
    • Japanese viral encephalitis
    • Variant Creutzfeldt-Jakob disease (vCJD) or ‘mad cow
      disease’
    • Severe acute respiratory syndrome (SARS)
    • Middle east respiratory syndrome coronavirus
      (MERS-CoV)
    • Zika virus

    For more
    details of the #ShareTheLove campaign, please visit: www.aia.com.sg/ShareTheLove or AIA Singapore Facebook.


    [1] Please refer
    to the full terms and conditions on the AIA #ShareTheLove with the essential
    workforce social initiative via
    AIA Singapore’s Facebook.

    [2] Must be
    Singapore Resident with a valid NRIC or FIN and aged between 18 and 65 (age
    last birthday) at the time when he or she is first covered under this AIA
    #ShareTheLove Insurance.

    [3] Please refer
    to the terms and conditions of the AIA #ShareTheLove Campaign 2020 at
    www.aia.com.sg/ShareTheLove.

    [4] Subject to
    applicable terms and conditions.

    [5] The free COVID-19
    coverage will be provided up until 31 December 2020 or 30 days after the
    Disease Outbreak Response System Condition (DORSCON) level has gone down to
    green, whichever is earlier.

    [6] Eligible for
    corporate customers with a general practitioner outpatient plan.

    [7]Must be
    Singapore Residents (with a valid NRIC / FIN) and aged between 18 and 65 (age
    as at last birthday) when he or she applies for the free AIA #ShareTheLove
    Insurance policy.

    [8] Please refer
    to the AIA #ShareTheLove Insurance policy contract for the full terms and
    conditions.


    About AIA

    AIA Group Limited and its subsidiaries (collectively “AIA” or the
    “Group”) comprise the largest independent publicly listed pan-Asian life
    insurance group. It has a presence in 18 markets in Asia-Pacific — wholly-owned
    branches and subsidiaries in Mainland China, Hong Kong SAR(1), Thailand,
    Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, the Philippines,
    South Korea, Taiwan (China), Vietnam, Brunei, Macau SAR(2), New
    Zealand, a 99 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture
    in India.

    The business that is now AIA was first established in Shanghai more
    than a century ago in 1919. It is a market leader in the Asia-Pacific region
    (ex-Japan) based on life insurance premiums and holds leading positions across
    the majority of its markets. It had total assets of US$291 billion as of 30
    June 2020.

    AIA meets the long-term savings and protection needs of individuals by
    offering a range of products and services including life insurance, accident
    and health insurance and savings plans. The Group also provides employee
    benefits, credit life and pension services to corporate clients. Through an
    extensive network of agents, partners and employees across Asia-Pacific, AIA
    serves the holders of more than 36 million individual policies and over 16
    million participating members of group insurance schemes.

    AIA Group
    Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited
    under the stock code “1299” with American Depositary Receipts (Level 1) traded
    on the over-the-counter market (ticker symbol: “AAGIY”).

     

    Notes:

    1.     Hong Kong SAR
    refers to Hong Kong Special Administrative Region.

    2.     Macau SAR refers to
    Macau Special Administrative Region.


    DHL eCommerce Solutions expands Sydney headquarters to meet growing e-commerce shipping demands

    DHL eCommerce Solutions expands Sydney headquarters to meet growing e-commerce shipping demands

    SYDNEY, AUSTRALIA – Media OutReach – 9 September 2020 – DHL eCommerce Solutions, a
    division of the world’s leading logistics company, Deutsche Post DHL Group
    (DPDHL), announced that it will relocate its Sydney headquarters to a 19,000
    sqm facility, co-located with DHL Global Forwarding, at Unit 1 Millennium
    Court, 33-41 Military Road, Matraville, NSW 2036.

    Denise McGrouther, Managing Director, DHL eCommerce Solutions Oceania

    DHL eCommerce Solutions is moving its Sydney HQ to Matraville and expanding its square footage by more than double to meet growing e-commerce shipping demands

     

    The
    relocation will see the e-commerce logistics specialist more than double its
    square footage from its current Rosebery HQ. This expansion comes amidst
    significant growth in e-commerce shipping demands from overseas consumers as a
    result of lifestyle changes brought about by the Covid-19 pandemic. Export data
    from DHL eCommerce Solutions shows a whopping 60 times volume growth in the
    export of children’s toys since the start of the year. Other product categories
    such as kitchen & home cooking, health & beauty, and pet products have
    also seen triple digit volume growth.

     

    “Now
    more so than ever, Australian businesses are seizing cross border opportunities
    to expand their business globally, despite the current economic headwinds. As e-commerce
    becomes the new normal, this investment will enhance our speed and service
    capabilities, while demonstrating our commitment to support local businesses by
    meeting the growing demand for reliable and affordable international shipping,”
     said Denise McGrouther, Managing
    Director for DHL eCommerce Solutions Oceania. 

     

    The
    new facility will provide the organization with space for planned investments
    into innovative warehousing technologies. When fully operational, these
    advancements will enhance overall efficiency and enable faster processing times
    for the growing number of e-commerce parcels coming in and going out of
    Australia. Being co-located with DHL Global Forwarding, the experts in global
    freight forwarding, will also bring advantages for B2C shippers looking to ship
    heavier or bulky items.

     

    DHL
    eCommerce Solutions will continue to focus on lightweight e-commerce exports to
    over 220 countries and territories worldwide, at both their Sydney and
    Melbourne distribution centers. This new expansion will ensure DHL eCommerce
    Solutions remains well-positioned to support local businesses, including
    e-commerce platforms and marketplaces, and become the logistics provider of choice
    for e-tailers.

     

    DHL eCommerce is part of Deutsche Post DHL Group and,
    along with its sister divisions DHL Express, DHL Supply Chain and DHL Global
    Forwarding, have been in Australia since 1972, offering end-to-end logistics solutions.

     

    For
    more information on international shipping through DHL eCommerce Solutions,
    visit: https://www.logistics.dhl/au-en/home/our-divisions/ecommerce.html

     

    DHL – The logistics company for the world

    DHL is the
    leading global brand in the logistics industry. Our DHL divisions offer an
    unrivalled portfolio of logistics services ranging from national and
    international parcel delivery, e-commerce shipping and fulfillment solutions,
    international express, road, air and ocean transport to industrial supply chain
    management. With about 380,000 employees in more than 220 countries and
    territories worldwide, DHL connects people and businesses securely and
    reliably, enabling global sustainable trade flows. With specialized solutions
    for growth markets and industries including technology, life sciences and
    healthcare, engineering, manufacturing & energy, auto-mobility and retail,
    DHL is decisively positioned as “The logistics company for the world”.

    DHL is part of Deutsche Post DHL Group. The Group generated revenues of
    more than 63 billion euros in 2019. With sustainable business practices and a
    commitment to society and the environment, the Group makes a positive
    contribution to the world. Deutsche Post DHL Group aims to achieve
    zero-emissions logistics by 2050.

    HiPhi X Evolvable super SUV – Global landmark attracting the attention

    HiPhi X Evolvable super SUV – Global landmark attracting the attention

    SHANGHAI, CHINA – Media
    OutReach
     – 9 September 2020 – One year ago, the Chinese brand HiPhi, a subsidiary of Human Horizons, showed
    people its prototype, which advanced the lines of a future high-end electric
    full-size SUVs. Now the firm has revealed the final version of its first model,
    which has been bestowed the name HiPhi X and go on sale in the first half of
    2021.

    The HiPhi X is positioned as a transcending product to
    redefine the era of smart electric vehicles.

    In recent days, the campaign made its broadcast debut during
    peak hours in London, New York, Tokyo, Shanghai, and Beijing on mega-screens
    across the cities. Followed by takeovers on Twitter, Instagram, YouTube, and
    other platforms.

    The objective of the campaign was targeted at raising brand
    awareness and product recognition, as well as a teaser to its official launch
    at the 2020 Beijing Auto Show.

    Speaking of R&D, Human Horizons does have some
    impressive names involved in that side of the business, including 35-year
    Jaguar and Ford veteran Mark Stanton as chief technical officer. Former Bugatti
    designer Camilla Kropp is also on the crew.

    The man behind the Shanghai-based company is Ding Lei, the
    former president of Shanghai General Motors who set up Human Horizons in end of
    2017.

    One of the most intriguing parts of the HiPhi X’s design are
    NT-Door system. As stated by the manufacturer, the HiPhi X is pitched as a
    “self-learning smart vehicle”.

    What does that mean? Well, the way Human Horizons explains
    it the HiPhi X has been based on a “human oriented architecture” which is
    over-the-air upgradable and has a secure software-developer platform to enable
    feature and app development.

    Overlaying that is an advanced highly-personalised onboard
    artificial intelligence assistant, HiPhiGo, that has been developed in
    collaboration with Microsoft.

    HiPhiGo has an array of intelligent functions and a level of
    reasoning and continuous learning while interacting with its occupants, the
    surrounding environment and the vehicle’s parameters.

    The HiPhi X also has a “neural network” consisting of six
    “super brain” domain controllers, connected by 1G Ethernet which provides a
    higher transmission rate than traditional CAN networks. That allows HiPhi X to
    analyse massive amounts of information and make decisions utilising cloud
    computing with a powerful data analysis engine.

    HiPhi X is now entering the final phase of development and
    launch ahead of production which is expected to commence by the end of this
    year, with official deliveries in 2021.

    Sunlight Real Estate Investment Trust (“Sunlight REIT”) Annual Results for the Year Ended 30 June 2020

    Sunlight Real Estate Investment Trust (“Sunlight REIT”) Annual Results for the Year Ended 30 June 2020

    Extending Care

     

    HONG KONG,
    CHINA – Media OutReach – 8
    September 2020 – Henderson
    Sunlight Asset Management Limited (the “Manager“)
    is pleased to report the final results of Sunlight REIT for the year ended 30
    June 2020 (the “Year“).

    Despite
    unprecedented challenges during the Year, Sunlight REIT managed to deliver reasonably
    respectable results, registering a 0.3% year-on-year (“YoY“) rise in net property income (“NPI“) to HK$684.7 million. Annual distributable income was HK$467.0
    million, virtually unchanged from last year.

     

    The Board
    has resolved to declare a final distribution of HK 13.6
    cents per unit. Coupled with an interim distribution of HK 13.2 cents per unit,
    the total distribution per unit for the Year would amount to HK 26.8
    cents, down 1.8% YoY. The implied payout ratio is 95.2%,
    compared with 96.4% in the preceding year.  

     

    At
    30 June 2020, the value of Sunlight REIT’s property portfolio was appraised at HK$18,918.0 million, 5.4% lower
    than a year ago; accordingly,
    its net asset value declined by 7.6% to HK$14,771.2 million, or HK$8.89 per
    unit.

     

    Operating Highlights

    At 30 June
    2020, average occupancy rate of the entire portfolio of Sunlight REIT increased
    to 95.7% (30 June 2019: 95.3%). Contrary to the office portfolio which
    registered an improvement in occupancy rate to 95.6% (30 June 2019: 94.0%),
    occupancy rate of the retail properties dropped to 95.8% (30 June 2019: 98.1%),
    reflecting the emerging negative impact of an economic recession and weakening
    consumer confidence. Average passing rent of the office portfolio was HK$36.5
    per sq. ft., up 2.8% YoY, while that of the retail portfolio was HK$74.8 per
    sq. ft., down 1.3% as compared to a year ago. Average rental reversion of the
    portfolio for the Year was 6.0%.

     

    Of the top
    three properties of Sunlight REIT, performance of the two shopping malls,
    namely Sheung Shui Centre Shopping Arcade (“SSC“) and Metro City Phase I Property (“MCPI“) were inevitably affected by weak local consumer sentiment
    and a virtually standstill of inbound tourism. NPI of SSC declined by 6.2%,
    while the corresponding figure of MCPI remained stable. Gratifyingly, NPI of
    Sunlight Tower registered a YoY growth of 4.5%.

      

    Mr. Wu Shiu Kee, Keith, Chief Executive
    Officer

    of the Manager said, “The near-term prospects for Sunlight REIT are expected to
    be challenging. However, with a defensive portfolio, firm financial footing supported
    by clear strategic priorities, we believe that Sunlight REIT is well positioned
    to capitalize on new opportunities and expand its footprint for the long-term
    benefits of unitholders.”

    Remarks: Attached highlights of FY2019/20 Final Results of Sunlight REIT.

    Highlights
    of FY2019/20 Final Results:

    (in HK$’ million, unless otherwise
    specified)

     

    2020

    2019

    Change

    (%)

    For the year ended
    30 June:

    Revenue

    854.6

    850.7

    0.5

    Net
    property income

    684.7

    682.5

    0.3

    (Loss)/profit
    after taxation

    (751.4)

    1,591.1

     N/A

    Annual distributable income

    467.0

    467.3

    (0.1)

    Distribution
    per unit (HK cents)

    26.8

    27.3

    (1.8)

    Payout ratio (%)

    95.2

    96.4

     N/A

     

    At 30 June:

    Portfolio
    valuation

    18,918.0

    20,002.5

    (5.4)

    Net
    asset value

    14,771.2

    15,991.9

    (7.6)

    Net
    asset value per unit (HK$)

                            8.89

    9.68

    (8.2)

    Gearing
    ratio (%)

    21.6

    20.4

    N/A

     

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

    About Sunlight REIT

    Sunlight
    REIT (Stock code: 435) is a real estate investment trust authorized by the
    Securities and Futures Commission and constituted by the trust deed dated 26
    May 2006 (as amended and supplemented by six supplemental deeds) (the “Trust
    Deed
    “), and has been listed on The Stock Exchange of Hong Kong Limited on
    21 December 2006. Sunlight REIT offers investors the opportunity to invest in a
    diversified portfolio of 11 office and five retail properties in Hong Kong with
    a total gross rentable area of over 1.2 million sq. ft.. The office properties
    are primarily located in core business areas, including Wan Chai and Sheung
    Wan, as well as in decentralized business areas such as Mong Kok and North
    Point. The key retail properties are situated in regional transportation hubs
    and new towns including Sheung Shui, Tseung Kwan O and Yuen Long.

    About the Manager

    The Manager
    of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development
    Company Limited (
    恒基兆業地產有限公司). Its main
    responsibility is to manage Sunlight REIT and all of its assets in accordance
    with the Trust Deed in the sole interest of its unitholders.

    A 10% drop in residential prices is projected for 2020 as the unemployment rate is forecasted to reach 7%; Investment market remains subdued with 50% of deals in Q3 involving PRC buyers

    A 10% drop in residential prices is projected for 2020 as the unemployment rate is forecasted to reach 7%; Investment market remains subdued with 50% of deals in Q3 involving PRC buyers

    • Residential
      transactions in August fell by 29% m-o-m with RVD home prices edging lower by
      0.3% m-o-m; another 0.8% m-o-m drop is expected in August.
    • Commercial
      investment market remained subdued in Q3 with total
      transaction volumes falling by 64.3% q-o-q.
    • Hong Kong buyers
      remain subdued, while PRC activity is expected to be more active than local
      investors.

    HONG KONG, CHINA – Media OutReach – 8 September
    2020 – The downward trend continued in both the residential and
    investment markets in Q3 2020 as the pandemic and continuing geo-political
    uncertainties continued to weigh on sentiment. Despite the
    challenges, strong pent-up demand, government policy support, economic stimulus
    packages and the low interest rate environment remain favourable factors that,
    together, may stabilize the market and induce a rebound by the end of Q3.

    Residential transactions
    declined in Q3 by 6% quarter-on-quarter in both primary and secondary sales
    markets but recorded a major increase of 30% when compared with Q3 2019. While
    this indicates that social and economic factors continue to impact the residential
    market, the unprecedented owner-occupier demand and anticipation of a
    post-pandemic recovery can be strong stabilizers. Among individual estates,
    property prices at Taikoo Shing as of August had fallen their lowest level
    since January 2019 while those in The Harbourside have fallen even further, and
    are now 10.6% below the previous trough in January 2019. Prices of popular
    estates are expected to fall further in the near-term.

    Mr Alva To, Cushman & Wakefield’s Vice President,
    Greater China & Head of Consulting, Greater China
    , commented “The secondary sales market has come under severe challenges
    from the pandemic blow. However, a recent decline in new cases coupled with
    strong pent-up demand may support a rebound by the end of September 2020. Nonetheless,
    from a more holistic perspective, with no lasting resolution to either the
    pandemic or geo-political challenges and with unemployment forecast to reach 7%
    by year-end, we expect home prices to remain under pressure and likely to
    conclude the year with an average drop of 10% among popular estates.”

    The investment
    market remained subdued in Q3 as local and foreign buyers remained on the sidelines.
    Year-to-date, a total of 32 major deals (each with a consideration of over
    HK$100 million) have been recorded, of which just 10 were for commercial
    property. Despite the fall in demand from local buyers, demand from PRC buyers
    remained relatively stable, resulting in their accounting for half of the deals
    concluded in the quarter. Among sectors, industrial was among the most active,
    supported by purchases of en-bloc building. In contrast, investment into
    retail, one of the sectors hardest hit by the pandemic, remained muted.

    Mr Tom Ko, Cushman & Wakefield’s Executive
    Director, Capital Markets in Hong Kong,
    said, “With
    demand for commercial property expected to remain weak in coming months, PRC
    buying activity should continue to serve as a stable pillar of demand even as
    many local and foreign buyers continue to take a wait-and-see approach. Nonetheless,
    based on current trends, both the number of transactions and investment volume
    in 2020 are expected to fall to a 10-year low.”

    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, there are 22 offices servicing the local
    market. The company won four of the top awards in the Euromoney Survey 2017 and
    2018 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)