LOS ANGELES, CA, Jan 18, 2022 - (ACN Newswire) - BYD Co., Ltd. announced its partnership with leading autonomous vehicle company Nuro to begin producing the company's third-generation electric autonomous delivery vehicle. The partnership is expected to scale Nuro's more affordable, eco-friendly, and convenient services to millions of people across the country.

"BYD will leverage the manufacturing capacity of our Lancaster plant by finishing assembly of globally sourced hardware components to support Nuro and bring more jobs to the community," said Stella Li, Executive Vice President of BYD Co. Ltd. and President of BYD North America, "Together we will build this autonomous delivery vehicle, with the mutual goal of creating a safer environment on streets across the United States."

Today's announcement follows Nuro's $600 million Series D funding round which closed in Q4 2021 and was led by Tiger Global Management with participation from other investors.

Combining both partners' advanced technology, Nuro's third-generation autonomous delivery vehicle will feature greater payload and new safety technologies. With twice the cargo volume of Nuro's current R2 model, the automotive production grade vehicle will also feature modular inserts to customize storage and new temperature-controlled compartments to keep goods warm or cool. Safety enhancements include an external airbag to further improve safety for pedestrians outside the vehicle, as well as a multi-modal sensing suite, including cameras, radars, lidar, and thermal cameras, creating a redundant 360-degree view of the world.

Nuro was founded in 2016 by Jiajun Zhu and Dave Ferguson, former principal engineers of Google's self-driving car team. Specializing in developing zero-occupant vehicles designed specifically for transporting goods and not passengers, Nuro has launched two generations of autonomous vehicles, introduced delivery service with industry leaders including Domino's, Kroger, and 7-Eleven, and announced a multi-year partnership with FedEx.

"BYD is one of the largest OEM networks of electric vehicles in the world, and we are thrilled to partner with them to help us move one step closer to scaled commercial operations," said Jiajun Zhu, Nuro co-founder and CEO. "We look forward to transforming the hardware components of BYD's globally sourced electric vehicle platform into innovative autonomous vehicles capable of operating on public roads at our new facility here in America. Through our partnership with BYD, we plan to produce autonomous vehicles at scale that can improve road safety, air quality, and overall access to goods."

As a leader in the NEV industry, BYD has innovated rich technologies in the field of electrification. In this project, BYD is jointly working with Nuro on vehicle development, and is responsible for vehicle manufacturing and initial vehicle testing, and provides hardware like the Blade Battery, electric motors, electronic controls, and displays for human-machine interaction. Nuro integrates technologies such as autonomous driving, control modules and sensors. BYD will finish assembly of the hardware platform at its Lancaster plant in the United States using globally sourced components. Nuro will then complete the vehicle manufacturing process by installing and testing the autonomy systems that will make the platform capable of operation at the company's new facilities in southern Nevada.

About BYD
BYD (Build Your Dreams) is a multinational high-tech company devoted to leveraging technological innovations for a better life. BYD now has four industries including Auto, Electronics, New Energy, and Rail Transit. Since its foundation in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Solution, comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation, has made it an industry leader in the energy and transportation sectors. BYD is a Warren Buffet-backed company and is listed both on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com.

Contact:
Asia-Pacific: Mia Gu, [email protected], tel: +86-755-8988-8888-69666
Europe: Penny Peng, [email protected], tel: +31-102070888
North America: Frank Girardot, [email protected], tel: +1 213 245 6503
Latin America: Sofia Mardones, [email protected], tel: +56 9 9821 6851
Brazil: Adalberto Maluf, [email protected], tel: +19 3514 2554

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comBYD Co., Ltd. announced its partnership with leading autonomous vehicle company Nuro to begin producing the company's third-generation electric autonomous delivery vehicle. The partnership is expected to scale Nuro's more affordable, eco-friendly, and convenient services to millions of people across the country.

HONG KONG, Jan 18, 2022 - (ACN Newswire) - AEON Credit Service (Asia) Limited ("AEON Credit Service" or the "Group"; stock code: 00900) has launched a number of credit card offers to help customers cope with the new wave of the pandemic as well as welcome the traditional Chinese New Year shopping season.

AEON Credit Service has always put customers first and is committed to providing the most suitable offers to ensure a superior user experience. In light of the outbreak of the fifth wave of the pandemic and the approach of the Chinese New Year shopping season, the Group has decided to launch special offers for local food & beverage and overseas purchases in Japan both online and offline made with AEON credit cards, allowing customers to enjoy up to 10X bonus points*, equivalent to 4% cash rebate, for shopping and eating comfortably at home with peace of mind amid the tightening of social distancing measures. In addition, AEON credit card customers can earn extra bonus points when making purchases at AEON Stores. Details of these offers are listed below:

Up to 10X Bonus Points for Local Dining and Online Shopping
From 11 January to 10 July 2022, AEON credit card customers can earn 5X bonus points, equivalent to 2% cash rebate for local food & beverage (applicable to both dine-ins and takeaways), and overseas purchases in Japan both online and offline Upon reaching the total monthly spending of HK$5,000, the above-designated categories' transactions can earn 10X bonus points, equivalent to 4% cash rebate; while AEON Card Premium customers can enjoy 10X bonus points on the above-designated categories.

Up to 3X Bonus Points for AEON Store Purchases
Customers can enjoy 2X bonus points when making purchases at AEON Stores with AEON Credit Card and 3X bonus points with AEON Card Premium. On the 10th day of each month during the promotional period, additional 10X bonus points can be earned. From 14 January to 20 February 2022, up to HK$300 cash coupon will be rewarded upon purchase of any combination set from a designated series of household items and electrical appliances.

The Group has launched these credit card offers to meet the daily needs of customers while fighting the pandemic, allowing them to enjoy shopping and dining during the Chinese New Year and effectively stimulating consumption. AEON Credit Service will continue to implement flexible promotional strategies to respond quickly to market changes and adapt to changes in customers' lifestyles and consumption patterns. It will also continue to optimise user experience to capture market opportunities and drive stronger business growth.

*AEON Credit Card 10X Bonus Points Rewards offer is applicable to the first HK$5,000 of each monthly statement of each eligible credit card for designated categories of purchase transactions. Terms and conditions apply. For details, visit the company website: www.aeon.com.hk.

About AEON Credit Service (Asia) Company Limited (HKEX: 00900)
AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.

For more information, please visit the company's website at www.aeon.com.hk.


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAEON Credit Service (Asia) Limited ("AEON Credit Service" or the "Group"; stock code: 00900) has launched a number of credit card offers to help customers cope with the new wave of the pandemic as well as welcome the traditional Chinese New Year shopping season.

New York, NY, Jan 18, 2022 - (ACN Newswire) - The SAVAGE marketplace launches in January, after an IDO on FantomStarter and Occam (Jan 17th-19th), and the $SAVG token goes live on Gate.io on January 20th, 2022 (12:00 UTC).

The increasing popularity of Non-Fungible Tokens (NFTs) has liberated artists and content creators by removing the necessity of using bloated legacy platforms and connecting creators directly with the customer. Yet until now, some artists have been left out in the cold. This is in large part due to the size requirements of their medium and the environmental concerns surrounding current NFT marketplaces.

Most phones are able to record High-quality 4K and 8K videos, this produces large file sizes and the current marketplaces cap their uploads around 10MB-40MB. Additionally, photographers wanting to sell the highest versions of their work (TIFF or RAW) have had to settle for compressed JPEGs.

Savage will give creators the ability to share their work in whatever format they choose. Whether it's the original RAW image or 4K/8K ProRes video, by increasing file size limits to 2GB, artists have the freedom to display their collections in unrivaled quality.

However, this is not the most important issue that SAVAGE corrects.

Most of the popular NFT platforms operate on blockchains that use Proof of Work (PoW) consensus mechanisms and because of that, the energy consumption coming from them has exploded. Minting a single NFT typically requires the same amount of energy used to power a laptop continuously for three years.

Enter SAVAGE

By creating their own utility token on Polygon's Proof of Stake (PoS) protocol, SAVAGE requires only 0.002% of the energy required by a PoW marketplace. This decision allows us to increase maximum file sizes, while keeping minting fees to a minimum. Building on Polygon, ensures total compatibility with Ethereum and a smooth transition to the ETH 2.0 protocol, should that become a viable option.

SAVAGE was built completely from scratch as a content marketplace for today's photographic and videographic creators to sell their work responsibly.

The SAVAGE marketplace platform is powered by the $SAVG token, which is utilized for carbon-neutral minting, purchase, and payout of NFTs, trustless digital rights management, and ensuring fair governance on transition to the SAVAGE DAO.

People can be one of the first to own $SAVG by participating in the upcoming IDOs on OccamRazer or FantomStarter! For the most up to date information join Savage on Discord or Telegram

Media Contact

Neil Sisson, Savage
Twitter: @neilsisson | @thesavageapp
Email: [email protected]
Website: https://savage.app

SOURCE: SAVAGE

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

• 44th Edition of the Dakar Rally concludes in Saudi Arabia
• Record number of competitors took part in this year's event
• Motul plays important role in reliability and performance of competitors

Singapore, Jan 18, 2022 - (ACN Newswire) - For motorsports fans, the start and end of the calendar year are always relatively quiet with little to no racing to watch. However, one competition that makes up for the lack of races is the Dakar Rally. The 2-week long event kicked off the year in classic rallying fashion on the 1st of Jan, ringing in the new year. Motul has been a long term technical partner of the Dakar, having stepped up in 2018 to become a Major Partner of the event. The 12-stage rally competition saw several Motul teams competing across various classes, along with Motul products being used to provide reliability and performance to the vehicles under extreme conditions.

The Dakar Rally is considered the world's most legendary off-road race and this year it was held in the heart of the middle east, in Saudi Arabia. For Motul, the Dakar presents the best living laboratory to test and develop its products under punishing conditions. In collaboration with some of the most successful factory teams like Monster Energy Honda Team, Sherco Racing Factory, Toyota Auto Body, Can-Am Factory South Racing and many more, Motul offers specially designed and highly adapted lubricants derived from its flagship 300V line to deliver optimal power and consistency. The products are carefully scrutineered before and after every stage of the event to derive invaluable insights on how performance is affected under varying conditions. This allows Motul to further enhance its winning formula and keep evolving to cater for the needs of modern engines.

The 44th edition of the Dakar Rally saw over 1,000 drivers from 65 different nationalities take part across 7 different classes (Bikes, Quads, Cars, Light Prototypes, SSVs, Trucks and Classics) with Motul teams in each category. The event witnessed 578 vehicles entered, out of which were 34 unassisted Original by Motul riders. Several competitors also relied on the advice and expertise of Motul's Motorsport Technical Team which works on global events such as the MotoGP and 24 Hours of Le Mans. The team of experts, available with the Motul Racing Laboratory at every Service Center assisted the competitors by providing daily oil analysis to ensure maximum performance under gruelling and unforgiving running conditions for engines.

For Motul, the Dakar Rally is an integral part of the development and innovation process for the year. The French lubricant manufacturer strives to improve and enhance its products at every step of the way. The process kicks off in the desert with vehicles covering more than 8,500 km over the course of 14 days, pushing the machines to the limit. Motul is also a big part of the competition with the return of the "Original by Motul" category which is open to drivers and riders from all categories who take part with no assistance or backup. Thanks to Motul, these courageous gladiators are given recognition and some basic comfort in the bivouacs between various stages in the event. Along with comfort, they are also welcome to employ products from Motul's vast range of offerings in engine oils, coolants, brake fluid, transmission fluid and other maintenance and care products that enhance chances to perform to the best of their abilities.

About Motul

Motul is a world-class French company specialised in the formulation, production and distribution of high-tech engine lubricants (two-wheelers, cars and other vehicles) as well as lubricants for industry via its Motul Tech activity. Motul offers a whole range of products for everyday car use, including the 8100, H-tech, RBF series, ATF, CVTF and DCTF among others. Motul products ensure all parts of the car are kept in pristine condition to extract maximum performance and reliability.

Unanimously recognised for more than 150 years for the quality of its products, innovation capacity and involvement in the field of competition, Motul is also recognised as a specialist in synthetic lubricants. As early as 1971, Motul was the first lubricant manufacturer to pioneer the formulation of a 100% synthetic lubricant, issued from the aeronautical industry, making use of esters technology: 300V lubricant. In 2021, Motul launched the newest iteration of the 300V with revolutionary technology, setting a new benchmark for high-performance lubricants.

Motul is a partner to many manufacturers and racing teams in order to further their technological development in motorsports. It has invested in many international competitions as an official supplier for several championship winning racing teams.

Motul is committed to its growing business presence in Asia Pacific. Over the years, the company has expanded operations significantly. Currently it has 3 major manufacturing facilities and 2 R&D centres across the region to cater to the ever-growing demand. These centres focus on refining the lubricant technology for Asian climate and driving conditions, which are vastly different from Europe.

MOTUL Asia Pacific Pte. Ltd
1A International Business Park, #06-03
Singapore 609933
www.motul.com

For more information, please contact Motul at [email protected]

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comFor motorsports fans, the start and end of the calendar year are always relatively quiet with little to no racing to watch. However, one competition that makes up for the lack of races is the Dakar Rally.

Montreal, Canada, Jan 18, 2022 - (ACN Newswire) - GOGE, a community-based, peer-to-peer version of life on the blockchain, has announced the introduction of a ton of new updates. Scheduled to release 3 of 5 secret projects before the end of the month, GOGE aims at revolutionizing the real and digital worlds in every way possible. Designed to unite humans by fighting hate and worldwide inequality, dispelling restrictions, promoting freedom, and spreading love, GOGE is the first gay Doge family member.

Tagged the first currency for all humans regardless of background, GOGE is seeking to offer a plethora of rewards to community members. Holders of the $GOGE token, the project's native token,

will be rewarded with $CAKE automatically. Fostering an international, safe, profitable, and valuable virtual community, GOGE is building an ecosystem where holders of both $GOGE and $CAKE tokens can use them in the real and digital world.

A Diverse and Inclusive Project

Home to diverse and inclusive community members with a primary goal of offering help to those in need, GOGE is led by a team comprising proud members of the LGBTQ community. While some of the founding team are not, they all, regardless of background, are firm supporters of global equality—the bedrock on which this Binance Smart Chain [BSC] based project is built.

Raising awareness of the plight of LGBTQ community members living in countries where their freedom is threatened both by the government and the people, GOGE, through this platform, is prioritizing the safety, comfort, and well-being of these people by offering them a haven. Emulating the ways of crypto pioneers before them, the GOGE founding team has integrated anonymity as part of its long-term plans to keep everyone safe at the same time increasing the project's longevity.

With a clear roadmap, with some of which has been accomplished, GOGE, as the first gay member of the Doge family, seeks to not only offer support to members of the LGBTQ community globally through regular charities and campaigns but also offer holders of its native currency an impressive passive income source. With an NFT minting website and collection set to be released soon, GOGE is cementing its stance as an all-inclusive platform for all things cryptocurrency.

About GOGE

Otherwise referred to as DogeGaySon, GOGE is a community-based, peer-to-peer, experimental project that aims at revolutionizing both the virtual and real worlds. Blazing off in an untrodden path, GOGE's primary mission is to unite the world through the fight against global inequality, hate, restrictions, and prejudice against people. GOGE aims at offering valuable support and help to LGBTQ community members in countries where their fundamental human rights are trampled upon. Incorporating the unique feature of past crypto projects, the GOGE team has integrated anonymity as part of its plan to preserve the increase the lifespan of the project.

Social Contact

Twitter: https://twitter.com/DogeGaySon
Facebook: https://www.facebook.com/Dogegayson
Telegram: https://t.me/DogeGaySon
Instagram: https://www.instagram.com/dogegayson/
Discord: https://discord.com/invite/K4vKhx5uqg
YouTube: https://www.youtube.com/channel/UCB8cqeE-T7tjP2JIozKxo2g

Media Contact

GOGE Development Team
Company Website: https://goge.co
Company Email: [email protected]

SOURCE: GOGE

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

HONG KONG, Jan 17, 2022 - (ACN Newswire) - EC Healthcare (the "Company", which together with its subsidiaries is referred to as the "Group", SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong*, is pleased to announce that on 14 January 2022, the Group's Chairman, Executive Director and Chief Executive Officer Mr. Tang Chi Fai ("Mr. Tang") acquired a total of 543,000 shares of the Company on the market for an aggregate consideration of approximately HK$ 4.993 million at an average price of HK$9.1943 per share. As a result, Mr. Tang holds approximately 61.17% of the issued share capital of the Company. On 13 January 2022, Group's Executive Director and Chief Digital Officer Mr. Wong Chi Cheung acquired 40,000 shares of the Company on the open market at an average price of HK$9.725 per share at a total consideration of approximately HK$389,000.

Mr. Eddy Tang, Chairman, Executive Director and Chief Executive Officer of EC Healthcare said, "Benefiting from the rising health consciousness and the Group's consistent investment focusing on the healthcare industry, the Group achieved a record high sales volume of no less than HK$880 million in the third quarter of the financial year 2022 (October - December 2021), representing a more than 40% y-o-y increase. Besides, the Group has already completed the previously announced Premier Medical Group (BVI) Limited and Bayley & Jackson Dental Surgeons Limited transactions. EC Healthcare is always devoted to developing an enclosed healthcare ecosystem to provide one-stop health medical service to customers. These two transactions further deepen the Group's medical services layout. Looking forward, the Group remains confident about the long-term strong business growth momentum and will keep investing in IT, brand and service to consolidate the healthcare market."

About EC Healthcare
EC Healthcare is Hong Kong's largest non-hospital medical service provider*, leveraging its core businesses of preventive and precision medicine, and committed to developing medical artificial intelligence by integrating its multi-disciplinary medical services. The move, which is supported by the Group's high-end branding and quality customer services, is aimed at offering customers safe and effective healthcare and medical services with professionalism.

The Group principally engages in the provision of one-stop medical and health care services in Greater China. The Group provides a full range of services and products under its well-known brands, including those of its one-stop aesthetic medical solutions provider DR REBORN which has ranked first in Hong Kong by sales for years, primary care clinics jointly established with Tencent Doctorwork, chiropractic services centre New York Spine and Physiotherapy Center NYMG, health management centre re:HEALTH, a vaccine centre Hong Kong Professional Vaccine HKPV, a comprehensive dental centre UMH DENTAL CARE, a diagnostic and imaging centre HKAI, an oncology treatment centre reVIVE, a day procedure centre HKMED, a specialty clinic SPECIALISTS CENTRAL, NEW MEDICAL CENTER and Prime Medical Centres, obstetrics and gynaecology specialist ZENITH MEDICAL CENTER AND PRENATAL DIAGNOSIS CENTRE, specialists central, a paediatric center PRIME CARE, cardiology center HONG KONG INTERNATIONAL CARDIOLOGY CENTER, PathLab Medical Laboratories, a professional hair care center HAIR FOREST, Ophthalmology Center VIVID EYE and EC Veterinary Hospital and Imaging Center.

*According to independent research conducted by Frost and Sullivan in terms of revenue in 2019 and 2020

For further information, please contact:
iPR Ogilvy Limited
Callis Lau / Lorraine Luk / Charmaine Ip
Tel: (852) 2136 6952 / 2169 0467 / 3920 7649
Fax: (852) 3170 6606
Email: [email protected]


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comEC Healthcare (the "Company", which together with its subsidiaries is referred to as the "Group", SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong*, is pleased to announce that on 14 January 2022, the Group's Chairman, Executive Director and Chief Executive Officer Mr. Tang Chi Fai ("Mr. Tang")

NEW YORK, NY, Jan 17, 2022 - (ACN Newswire) - Yowie Group eagerly announces the debut of a new, "ultra" rare collectible, the Pacific Giant Glass Frog. This figurine is the rarest collectible Yowie has ever released and is a part of the newly released "Animals with Superpowers" series. Its superpower is translucency. Native to Ecuador and Columbia, their skin is translucent showing the organs, bones and muscles that lie beneath. This spectacular amphibian is Critically Endangered in the wild. Yowie hopes that being part of this new collection in a special way will bring added awareness to their plight and how they can be helped.

The odds of finding a Pacific Giant Glass Frog are one in one thousand! That's a .001 percent chance of discovering one inside of a surprise-inside Yowie chocolate. Now that Yowie collectors are aware of the Pacific Giant Glass Frog as part of the "Animals with Superpowers" series, fans throughout the U.S. and Australia will unwrap the brightly colored foil Yowie characters with anticipation, in hopes of discovering they have scored this unique animal. Among the first to discover the Pacific Giant Glass Frog in Australia is Jason Ross.

"I've been collecting Yowie since I was a child and was very excited when they came back," said Ross. "I've been collecting the new series ever since! I was taken aback when I found the Glass Frog! It was amazing! I usually only buy when on special, but the new series had just come out, so I thought just get one. I knew of the Glass Frog and its rarity after seeing the first U.S. find. Never did I think I would be the first Australian finder!"

Information regarding the Pacific Giant Glass Frog is available on Yowie's website so fans can learn more. For anyone eager to discover one or complete their "Animals with Superpowers" collection, Yowie surprise-inside chocolate eggs can be found in Woolworths stores across Australia.

"When we were developing this newest Animals with Superpowers collection, we wanted to do something special and different for our fans. This is our seventh series since the re-launch of Yowie in 2014, and we try hard to keep each new collection fresh and exciting. It is always special to us to call attention to amazing, endangered animals," said Cynthia Thayer, Global CMO at Yowie Group. "This time, our intent was to very literally surprise collectors with an ultra-rare collectible, letting them be the first to bring it to light to the general public."

Thayer further explained that there's an opportunity for Yowie fans to obtain 21 new collectibles if you include the glass frog, in the new series: 19 fascinating endangered animals and two Yowie characters, Nap and Crag. Thayer added, "Yowie is on a mission to make learning about endangered wildlife fun with the added bonus of acquiring high-quality collectibles and 100 percent, clean-label milk chocolate treats."

To learn more about Yowie's future campaigns as well as their current Superpower collection, visit www.yowieworld.com, find them on Facebook, or look for @YowieWorld on Instagram. You can also find easy, interactive, and educational craft projects and games on their YouTube channel and on Pinterest. Collectors can leverage the 'Yowie Collector' app to keep track of their growing collection by downloading the free app on the Apple App store or on Google Play.

About Yowie

Yowie is best known for its flagship product, the Yowie surprise-inside chocolate. Each Yowie product is created in the shape of the Yowie characters and contains limited-edition collectible animal toys and a full color leaflet featuring a picture of the real-life animal, its profile and level of endangerment. Our social media channels and website allow collectors to learn more about the animals and their world while having loads of fun through games and competitions. The combination of tasty, clean-label treats, fun animal toys and a digital platform encourages kids to learn about the natural world and understand its need for protection. For more information visit www.yowieworld.com.

CONTACT:
Lauren Witt
[email protected]
817-721-5576

SOURCE: Yowie Group

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comYowie Group eagerly announces the debut of a new, "ultra" rare collectible, the Pacific Giant Glass Frog. This figurine is the rarest collectible Yowie has ever released and is a part of the newly released "Animals with Superpowers" series.

HONG KONG, Jan 17, 2022 - (ACN Newswire) - Affordable housing has created huge market potentials for prefabricated and green buildings.

Recently, frequent implementation of affordable housing support policies has created huge market potentials for prefabricated and green buildings. Market analysis pointed out that PC component manufacturers in the prefabricated construction supply chain will be key beneficiaries from these new policies.

As the most preferred brand in the prefabricated construction industry for three consecutive years, Broad Homes (02163.HK) will likely benefit from the recent policy catalysts. To highlight, the Company operates in both to-B and to-C business under its dual mode business model, which gives the Company potential to grasp onto a larger market share in this industry uptrend.

First and second tier cities are actively responding to affordable housing policies.

According to market data, since the beginning of December 2021, the Prefabricated Building Index (931020) rose nearly 10%, driven by discussions during the Politburo meeting in December to further promote construction of affordable housing. Similar discussions also took place during the Central Economic Work Conference, indicating growing interest from high-level officials.

In the past year, affordable housing support policies have been frequently issued. The Politburo meeting mentioned the promotion of affordable housing construction for the first time in April and again in December. In addition, in July, the Politburo discussed the need to accelerate rental housing development and implemented supporting policies surrounding land usage and taxation. During the Central Economic Work Conference in December, discussions surrounding the need to "accelerate the development of the long-term rental housing market, promote the construction of indemnificatory housing, support the commercial housing market and better meet reasonable housing needs of buyers" are highlighted. Huachuang Securities pointed out that both the Politburo meeting and the Central Economic Work Conference have prioritized affordable housing before commercial housing, reiterating high-level officials' focus on affordable housing.

In terms of specific development goals, the Ministry of Housing and Urban-Rural Development issued the "Notice on the Monitoring and Evaluation of the Development of Affordable Rental Housing in 2021" in November 2021. The notice monitoring and evaluation of the development of affordable rental housing in 2021 in November. The notice outlined that during the "14th Five-Year Plan" period, the supply of affordable rental housing will be largely increased, and the proportion of new affordable rental housing to total new housing supply is targeted to reach 30% or more.

Meanwhile, key first and second tier cities have responded actively to recent policies and announced relevant targets for affordable housing construction during the "14th Five-Year Plan" period. Among them, Beijing, Shanghai, Shenzhen set targets of over 45% for new affordable housing to total new housing supply.

The affordable housing industry is one of the most important application areas for prefabricated buildings. Therefore, the acceleration and expansion of the affordable housing market will generate growing demand for prefabricated buildings.

According to Huachuang Securities' estimates, the annual new construction area of 123 million sqm corresponds to RMB 446.3 billion in affordable housing related investments, indicating huge volume growth in the affordable housing sector. Considering part of the growth will be hindered by the impact of fluctuations in real estate regulations, the proportion of prefabricated buildings to new construction buildings will continue to increase, benefiting industry leaders in the prefabricated construction sector.

Prefabricated buildings is the most optimal method of construction under the "dual carbon" targets

Prefabricated building refers to the use of modern manufacturing, transportation, installation and scientific management of production in replacement of traditional production where manufacturing process is more scattered, offers lower quality and efficiency, and requires intensive human labor. The key characteristics of prefabricated construction is standardization of architectural designs, industrialization of component production, mechanization of construction, and scientific organization and management. These include residential buildings produced through prefabricated construction methods.

There are two reasons to support why prefabricated buildings best fit affordable housing demands.

Firstly, prefabricated construction method significantly shortens the construction period. Time-saving is the key advantage of prefabricated buildings because early delivery corresponds to earlier collection of rent. According to Everbright Securities' estimates, assuming rental price of affordable housing is RMB40 per sqm per month, saving 9 months of construction period would correspond to a total cost savings of RMB360 per sqm.

Secondly, prefabricated buildings help reduce environmental burden throughout the construction process. Different from traditional construction methods, prefabricated construction reduces manual operation and on-site wet construction, and incorporates digitally integrated technologies to support the modernization, intelligence, and other green construction characteristics. Prefabricated buildings also best fit the low-carbon building criteria for affordable housing. The "dual carbon" target acts as an important requirement for construction projects and helps guide the industry towards adopting more green methods of construction.

Founded in 2006, Broad Homes is the largest manufacturer of PC components and PC production equipment in China. In November 2010, Broad Homes was listed on the HKEX and is also the first company to IPO in the prefabricated construction sector.

According to Broad Homes' 2021 Interim Results, the Company's PC component revenue increased 12.4% YoY to RMB1.138 billion; PC production equipment business increased 306.6% YoY to RMB221 million. The increase in revenue is driven by market expansion and growing demand of PC components.

As the pioneer and leader of China's construction industrialization, Broad Homes adheres to green development. Guided by the "14th Five-Year Plan" and 2035 targets, the Company aims to continuously improve the quality and efficiency of industrialized production, better serve the need for green and low-carbon development in rural areas, and explore innovative ways to promote the construction of affordable housing.

Broad Home's innovative prefabricated product development maximizes time value saved from early delivery.

It is worth noting that, in addition to the PC component business on the to-B end, Broad Homes also launched products on the to-C end in the second half of 2021.The three products from the to-C business are highly standardized and fully assembled buildings, including PC high-rise buildings, B-Homes(fully assembled, low-rise/multi-story buildings), and BOX modules.

These products are characterized by their short construction period. It is reported that the multi-story, fully-assembled B-Homes' main body can be completed in 8 days and delivered with fine decoration within 100 days. This breakthrough in quality and efficiency truly allows the productization of buildings.

Broad Homes noted that the Company has accumulated years of experience through their B-Home business and will bring positive synergy to the new BOX Module product. The amount of new contracts from BOX Module shows that the product is already gaining market traction with the price of fully-prefabricated buildings being lower than cast-in-place buildin gs. With many projects in the pipeline, the Company will continue to explore innovate application areas for prefabricated buildings.



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAffordable housing has created huge market potentials for prefabricated and green buildings.

HONG KONG, Jan 17, 2022 - (ACN Newswire) - CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is honored to announce that its data science and innovation team has won the championship of "Material Demand Forecast" award in the 5th China Industrial Internet Data Innovation and Application Contest. The contest was jointly organized by The China Academy of Information and Communications Technology (CAICT) and People's Government of Baoan District, and was strongly supported by Alliance of Industrial Internet and Shenzhen Industrial and Information Technology Bureau.
2021 was a bountiful year for CITIC Telecom CPC where its data science and innovation team has achieved new heights. CITIC Telecom CPC attained the highest honor and won the championship in the "Classification of Malware Families based on Artificial Intelligence" in the CCF Big Data & Computing Intelligence Contest (CCF BDCI) organized by the China Computer Federation. The latest award is the championship in the 5th China Industrial Internet Data Innovation and Application Contest. Lasted nearly 3 months, the contest attracted more than 6000 people from over 2200 teams to participate. The data science and innovation team of CITIC Telecom CPC entered the competition in the "Smart Material Demand Forecast in Discrete Manufacturing Industry" category. The team used different attribute correlation analysis and integrated various algorithms to generate the best predictive value of product material demand and finally won the championship.

With the theme "Digitization drives intelligence and provides insight into industrial future", the contest provides real industrial production and operational data according to the needs of real manufacturing enterprises. Based on historical data of raw material demands and inventory level, every team has to predict the demand of each raw material in every factory and provide periodic demand forecast results for the coming 3 months in order to advise the factory in terms of stocking and production. CITIC Telecom CPC's data science team collected the data and conducted materials, scenarios and relevant attribute correlation analysis based on time series, and integrated various algorithms like mathematical algorithms to do intelligence analysis, thereby generating the best predictive value and finally won the contest.

"Data science has been widely utilized in various industries. Its strong intelligent power and rapid development have reshaped traditional enterprises for digital transformation. We are honored to receive this award in recognition of our data experts and professional team's comprehensive capabilities in industrial internet demand scenarios, algorithms modeling expertise and AI analysis. It also shows our team's dedication in innovation and integrate the latest technologies into business values, which bear testimony to our corporate vision 'Innovation Never Stops'. We will continue to sharpen the professional skills of data science team, to prepare for our strong engagement in future research and innovation projects." said Mr. Esmond Li, CEO of CITIC Telecom CPC.

Enhancing forecast accuracy with intelligent innovation
Different industries across the globe are facing big challenges in their supply chain during the pandemic. Supply chain collaboration is of great importance to enterprises particularly in the discrete and complex manufacturing industry. It is important to maximize the power of ICT services as an enabler of using data resources and intelligent algorithms to enhance forecast accuracy. Cloud computing, digitalization and the Industrial Internet of Things (IIoT) empower enterprises to implement supply chain collaboration and smart production management, helping them significantly reduce cost, increase efficiency and risk resistance capability. In this contest, CITIC Telecom CPC made use of real data in industrial scenarios to conduct algorithm analysis and modeling through its self-developed AI platform for IT operations. The professional use of different attribute correlation analysis and the integration of various algorithms have generated the best predictive value. The result demonstrates the value and vision of intelligent innovation, harnessing CITIC Telecom CPC's extensive ICT infrastructure services and their integration with AI technology. By integrating the latest technologies like intelligent algorithms, AR, big data, blockchain and IoT into its existing service portfolio, CITIC Telecom CPC has successfully developed smart ICT services and new business values as well as broadening industry use cases to empower enterprises to unlock business potentials.

About CITIC Telecom CPC
We are CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT(TM) private network solutions, TrustCSI(TM) information security solutions, DataHOUSE(TM) cloud data center solutions, and SmartCLOUD(TM) cloud computing solutions.

With the motto "Innovation Never Stops," we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.

With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across 160 countries, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect over 160 points of presence (POPs), 19 Cloud service centers, 30+ data centers, and two dedicated 24x7 Security Operations Centers (SOCs). As one of the first managed service providers in Hong Kong to achieve multiple ICT-related certifications, including ISO 9001, 14001, 20000, 27001, and 27017, we offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.

For more information, please visit www.citictel-cpc.com

Media Contacts:

Catherine YuenCITIC Telecom CPC
(852) 2170 7536
Email: [email protected]


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comCITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is honored to announce that its data science and innovation team has won the championship of "Material Demand Forecast" award in the 5th China Industrial Internet Data Innovation and Application Contest.