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Singapore, Apr 5, 2022 - (ACN Newswire) - 2022 continues to be a challenging year for APAC's HR leaders as companies return to the workplace, refresh talent strategies, and reimagine the future workforce to optimise business impact. HR Tech Festival 2022, organized by HRM Asia, returns May 10-13 to celebrate its 21st anniversary in a hybrid event format with a week-long of activities and programmes curated for the region's HR community, global influencers, and industry experts to learn, collaborate, and inspire.
With the theme of Return. Refresh. Reimagine, HR Tech Festival Asia 2022 will be presented in a hybrid format that is designed to provide an immersive and customisable event experience for attendees' needs and preferences. The 4-day event will bring together 4,000 attendees, 200 global and regional speakers and 30 international innovative brands.
Joanna Bush, Managing Director, HRM Asia, says, "HR Tech Festival Asia is celebrating 21 years as Asia's leading HR tech event, and we are looking forward to bringing Asia's HR community back together in 2022. HR Tech Festival Asia 2022, which will return both in-person and online, will present a week-long offering of exciting programmes and activities that will allow you to personalise your own unique festival experience."
"With 2022 shaping up to be a complex but interesting year for HR, we invite you to join the biggest gathering of the region's HR community, global influencers, and industry experts to learn, collaborate, and inspire, as we continue to shape the world of work together."
It's time for a reunion like no other at the first in-person HR event in Singapore
On 10 May, step out from the virtual to real life to re-establish your connections with the HR community in-person at HR Tech Festival Live, a one-day in-person event under the week-long HR Tech Festival Asia 2022.
Kicking off the highly anticipated in-person event at Suntec Exhibition & Convention Centre is Mr Zaqy Mohamed, Senior Minister of State, Ministry of Manpower and Ministry of Defence, Singapore, who is the Guest of Honour with his opening remarks at 10am (SGT).
Attendees can then expect to be refreshed with high-energy, engaging presentations on cutting-edge ideas, and illuminating sessions on key HR topics such as:
- The Future of Human Development - Understanding ASEAN's vision and innovation for a changing world. - Humanising Transformation - Enabling sustainable growth for people and workers. - Weathering the Talent Management Storm from Inside Out - A strategic response to the changing talent landscape. - Leadership Staying Power: Preparing for the future. - Skills are the New Currency in the New World of Talent Management - How you can prepare your organisation and people for this. - Modern Work: A Fresh New Look at the Future - Providing a new perspective into the future of work.
Featured speakers at HR Tech Festival Live include:
- Stephanie Nash, Chief People Officer, Circles.Life, Co-Founder & Chief People Officer, Thrive HR Exchange - Low Peck Kem, Chief Human Resources Officer & Advisor (Workforce Development), Singapore Public Service Division - Sara Tiew, Head of Workforce Transformation and Analytics, UOB & World Economic Forum Future of Work Fellow - Grace Huang, Head of People & Organisation, Siemens - Rashmi Mishra Sharma, Head of People & Capability Building, GovTech Singapore, and Consultant at Harvard Business School - Corporate Learning - Dr Bob Aubrey, Founder & Chair of the Advisory Board, ASEAN Human Development Organisation (AHDO) - Eddie Lee, HR Technology Strategist, Future of Talent Economy (FOTE) Network
HR Tech Festival Live will also be shining a spotlight on the best of HR in Asia with the HR Fest Awards 2022, which is celebrating the outstanding achievements of the region's top HR leaders, companies, and teams from across both the private and public sectors.
23 deserving finalists are vying for the top award in five exciting categories, including Best Workplace Culture and Engagement, Employer of Choice, HR Team of the Year, Best Use of Technology, and Best HR Leader. The winners will be announced live and in-person at the award presentation on May 10 at Suntec Exhibition & Convention Centre Singapore.
Connecting virtually, reimagining the future of HR collectively
For those who wish to be part of HR Tech Festival Asia 2022 remotely, HR Tech Festival Online, taking place from May 11-13, offers the ideal virtual platform to learn from global and regional HR experts, discover innovative solutions, and build virtual connections through a series of programmes and activities over the three event days. Mr Heng Swee Keat, Singapore's Deputy Prime Minister and Coordinating Minister for Economic Policies, will be giving the opening address at 9am (SGT) as the Guest of Honour.
Making a debut this year is the ASEAN Human Development Organisation (AHDO) Summit, which will examine how to improve human development at work. ASEAN's national HR Association, thought leaders, and the ASEAN professional community will come together virtually on May 11 to discuss, debate, and establish a balance of economic and human development to the most diverse region in the world.
Dr Bob Aubrey, Founder and Chair of the Advisory Board, AHDO, says, "COVID has been a game changer and the HR Community has shown unprecedented leadership in enabling organisational resilience that allows companies to adapt and innovate. To see where this goes next, you do not want to miss the AHDO Summit at HR Tech Festival Asia 2022, which highlights the new human development dimension in companies across the ASEAN region."
As organisations look to advance workplace gender equity, the Women in HR Technology Summit is a must-not-miss for HR leaders in Asia. Taking place virtually on May 11, the Asia-exclusive and popular half-day conference will take place alongside HR Tech Festival Online. Programme Chair Jeanne Achille, Founder and CEO of The Devon Group, will lead an esteemed line-up of female HR leaders such as Ruby Kolesky, Co-CEO and Heart of Product, Joyous and Lydia Wu, Head of Talent Analytics and Transformation, Panasonic, in offering insights into key technologies that can help drive gender equity in the workplace.
Attendees can also look forward to the HR Leaders' APAC Summit taking place virtually on May 11 and hear from luminaries such as Josh Bersin, Global Industry Analyst and CEO of the Josh Bersin Company; Mervyn Dinnen, Author and HR & Talent Acquisition Analyst; Gary Cookson, Director, EPIC HR; and Margaret Heffernan, Author and Professor of Practice, University of Bath, as they address the business challenges and critical priorities facing HR leaders today.
The prestigious and popular ASEAN Future of Work, organised in collaboration with Ministry of Manpower Singapore and the Regional Centre for the Future of Work, is also back for its third run virtually. Themed "Navigating Labour Market Recovery: A Balancing Act for Businesses, Workers and Governments", the half day conference features speakers from regional governments, unions, and the public sector, who will share insights on how they put people first in their strategies to recover from the pandemic.
Speakers such as Deanna Ong, Chief People Officer, Government of Singapore Investment Corporation (GIC) and Jason Seng, Partner, People Advisory Services - Workforce Advisory, Ernst & Young Advisory will also discuss how different stakeholders can work together to balance varying needs and interests, as ASEAN adapts to post-COVID business models and ways of working.
Innovation and technologies to support organisations to refresh and reimagine HR strategies
HR Tech Marketplace, which is taking place from May 10-13, will present the biggest showcase of HR solutions and products from global and regional solution providers under one roof. These include ADP, AMS, Ceridian, Coursera for Business, Cornerstone, Globalization Partners, LinkedIn, Microsoft, Oracle, ServiceNow, Skillsoft, SumTotal, Top Employers Institute, and Workforce Singapore (WSG).
Technologies and products on offer cover the entire spectrum of HR and attendees can choose to engage in-person or virtually with the exhibitors for a consultation on how they can support their HR transformation needs or view a product demonstration. Attendees can also glimpse into the future where innovative solutions and upcoming technology may emerge as the new norm of the future through the Start-up Hub.
HR Tech Festival Asia 2022 is proud to partner with ASEAN Human Development Organisation and its regional HR association members and organisations to curate the event to meet the needs of the HR profession and contribute to the development of the profession.
HR Tech Festival Asia 2021 will take place on 10 May 2022 at Suntec Exhibition & Convention Centre and 11-13 May 2022 virtually. For more information, visit www.hrtechfestivalasia.com.
About HRM Asia
HRM Asia is a multi-platform network helping to build and celebrate the professional HR community in Asia-Pacific. Across our dedicated print magazine, digital content, and world-class events, we provide an array of thought-leading HR discussion and information to HR professionals of all ranks in Singapore and across the region.
HRM Asia is proudly owned by LRP Publications. LRP Publications is a broad-based media company serving business and education professionals. Specialising in the fields of education administration, education law, education technology, federal employment, human resources, workers' compensation and disability, and ergonomics, the company publishes hundreds of books, pamphlets, newsletters, videos and online resources.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com2022 continues to be a challenging year for APAC's HR leaders as companies return to the workplace, refresh talent strategies, and reimagine the future workforce to optimise business impact.
HONG KONG, Mar 28, 2022 - (ACN Newswire) - CEFC Hong Kong Financial Investment Company Limited ("CEFC Financial", together with its subsidiaries, "the Group", to be renamed as "Virtual Mind Holding Company Limited"; stock code: 1520.HK) is pleased to announce its audited consolidated results for the year ended 31 December 2021 (the "Year").
During the Year, the Group was mainly engaged in the design, manufacture and trading of apparel, as well as provision of money lending services. Thanks to the continued revival of demand in apparel market during the Year, the Group embraced growth momentum in its apparel operation. Driven by its excellent business performance, revenue of the Group increased by approximately 22.1% to approximately HK$140.0 million (2020: HK$114.0 million) during the Year. Gross profit was approximately HK$38.7 million (2020: HK$25.0 million), increased by approximately 55.1%. The overall gross profit margin increased by approximately 5.9 percentage points to approximately 27.7% (2020: 21.8%), benefiting from revenue growth and the Group's strategic focus to shift to higher-margin own brand products in the apparel operation during the Year. With the increase in the Group's revenue and no impairment loss on goodwill incurred for the Year, loss attributable to owners of the Company significantly narrowed by approximately 32.1% to approximately HK$46.3 million (2020: HK$68.1 million).
Business Review Apparel Operation Apparel Operation is the Group's core business. Its revenue is principally derived from the sales of apparel products, namely own brand products and private label products. The U.S. was the principal market for the Group's apparel operation during the Year. With the rebound of the U.S. economy following the relaxation of restrictive social measures, coupled with fiscal measures and monetary support, the revenue from the Group's apparel operation increased by approximately 20.7% year-on-year to approximately HK$129.3 million (2020: HK$107.1 million), accounting for 92.4% of the Group's total revenue.
In view of the higher gross profit margin of its own brand products, the Group focused on the expansion of this segment during the Year. The segmental revenue thus increased by approximately 80.4% to approximately HK$91.7 million (2020: HK$50.8 million). Own brand products became the largest contributor of the Group's apparel operation and accounted for 71.0% (2020: 47.5%) of the total revenue from apparel operation during the Year. Gross profit registered strong growth of approximately 107.5% to approximately HK$27.7 million (2020: HK$13.4 million), with gross profit margin increasing from 26.3% in 2020 to approximately 30.2%.
As the Group strategically shifted its focus to its own brand products during the Year, revenue from private label products decreased to approximately HK$37.5 million (2020: HK$56.2 million), contributing 29.0% of the total revenue from apparel operation for the Year. Gross profit and gross profit margin amounted to approximately HK$416,000 (2020: HK$4.2 million) and approximately 1.1% (2020: 7.4%) respectively.
Money Lending Business The Group's lending business primarily offers loans to individual customers and small businesses in Hong Kong. Hong Kong saw a strong recovery in 2021, attributable to the well-contained local pandemic during the Year and continued revival of global economic activities. During the Year, revenue from money lending operation increased by approximately 42.3% to approximately HK$10.6 million (2020: HK$7.4 million), accounted for 7.6% of total revenue of the Group.
Outlook The Group is committed to exploring new business opportunities to expand its apparel design, manufacturing and trading business. In view of the recent development that the apparel industry has shifted towards the market segment of trendy culture well-received among younger generation, the Group aims to capture the huge potential of fashion and trendy apparel market. In order to diversify from its focus of manufacturing private label women apparel products, the Group plans to expand its design, manufacturing and trading of apparels business to become an all-rounded trendy apparel product manufacturer, tapping into the men and young adults markets. To align with its business development strategy and the vision of developing trendy culture apparel products, as well as to prepare for further developing trendy apparel business, the Group proposed its company name to be changed to "Virtual Mind Holding Company Limited" which was approved at the extraordinary general meeting on 25 March 2022. This will be implemented after the approval of the Registrar of Companies in the Cayman Islands.
Looking forward, the Group will promote the development of its apparel business from various aspects, and continuously develop a more diversified portfolio of trendy apparel and related products in order to open up new sales channels. In January 2022, the Group appointed the senior designer of the renowned world luxury product brand LVMH Group Dr. Zhou Yibing as Chief Creativity Officer, who will be responsible for managing the Group's product design team, developing its own brand trendy culture products and cross-over products with other brands, etc.
In addition, the Group constantly seeks to establish strategic cooperation relationship with other apparel enterprises. In January 2022, the Group has entered a strategic cooperation agreement with Qingdao Weiding Sports Supplies Company Limited, which is principally engaged in trendy sportswear and accessory products, with an aim of expanding the Group's business in the men's and women's sportswear market segment. The Group has also entered into a licensing agreement with Chengdu Dreamtoys Cultural Creativity Company Limited so as to explore the younger generation market. The Group was granted the exclusive right of use of the intellectual property (IP) right of four animated characters which will be used for the development, production and sales of apparel of the IP Characters. Furthermore, the Group is striving to explore crossover collaboration opportunities with other world-renowned brands, artists and designers, in order to build up self-developed brand image and further increase the variety of the self-developed brands and products.
In March this year, the Group entered into a sales and purchase agreement with world-renowned art brand Leblon-Delienne to purchase art collections and the relevant digital creation for Non-Fungible Token ("NFT") for market sales. This series of products was created by Mr. Jose Levy, the creative director of Hermes. We plan to invite famous Asian artists Mr. Takashi Murakami and Ms. Mika Ninagawa to participate in the re-creation in the future, therefore the art collection is expected to be of enormous collectable value. At the same time, young artists and fashion people from Asia, especially Hong Kong, will be invited to participate in its events, bringing vitality to the fashion capital of Asia.
Mr. Li Yang, Chairman and Executive Director of CEFC Financial said, "The Group has been deeply involved in the fashion design business for more than 20 years, and is committed to designing and producing high-quality fashion products. In view of the huge potential of the fashion apparel market, the management of the Group plans to gradually expand the trendy apparel manufacturing business, and strategically upgrade itself to become an all-rounded trendy apparel product supplier. The Group is confident in the prospects of its trendy apparel operation and we believe that the change of our company name will lead us to a new chapter. We expect that the economic activities will get back on the right track and the Group's business will experience optimistic growth after the pandemic. Looking forward, the Group will continue to focus on the development of trendy apparel with the strategic focus on the young market. We will also actively look for collaboration opportunities with different well-known brands and designers, in hopes of increasing the popularity of our own brand and seize the immense opportunities in global trendy apparel market in order to bring long-term returns for our shareholders."
About CEFC Hong Kong Financial Investment Company Limited CEFC Hong Kong Financial Investment Company Limited (1520.HK) is principally engaged in (i) design, manufacturing and trading of apparel; and (ii) provision of money-lending business. The Group's apparel operation is classified into two categories, namely, private label products and own brand products. Private label products are those designed and manufactured under the private labels owned or specified by the Group's customers, while own brand products are those designed and manufactured under the Group's proprietary labels. To align with its business development strategy, the proposed change of Company name to "Virtual Mind Holding Company Limited" was approved at the extraordinary general meeting on 25 March 2022.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comCEFC Hong Kong Financial Investment Company Limited ("CEFC Financial", together with its subsidiaries, "the Group", to be renamed as "Virtual Mind Holding Company Limited"; stock code: 1520.HK) is pleased to announce its audited consolidated results for the year ended 31 December 2021 (the "Year").
HONG KONG, Mar 27, 2022 - (ACN Newswire) - Janco Holdings Limited ("Janco" or the "Group"; Stock Code: 8035), a well-established freight forwarding and logistics one-stop service provider founded and based in Hong Kong with a strategic focus on Asia, announced its 2021 unaudited* preliminary annual results for the year ended 31 December 2021. The Group reported profit attributable to shareholders of HK$17.4 million, representing a year-on-year surge of 55.4%.
The Group predominately generates revenue from freight forwarding services, logistics services and e-commerce and fulfillment services. With the growth in revenue from ocean freight forwarding and e-commerce fulfillment services, the Group's total revenue amounted to approximately HK$566 million, representing a year-on-year increase of 16.1%. Furthermore, gross profit increased by 17.8% to approximately HK$76.2 million during the year.
Due to a rebound of the shipment volume to normal after a significant drop due to COVID-19 during the previous year, revenue from the ocean freight forwarding services has increased by approximately HK$34.3 million. Revenue from e-commerce fulfillment services increased by approximately HK$77.4 million, which was mainly attributable to an increase in orders placed by both new and existing customers during this year. However, this growth was partially offset by a decline in air freight forwarding services, ancillary logistics services and e-commerce trading services.
The increase in gross profit was mainly attributable to the increase in e-commerce courier services income which outweighed the increase in e-commerce courier services costs and the decrease in warehouse direct costs which outweighed the decrease in logistics service income.
The emerging technology and innovation applications have taken the Logistics Industry to ever challenging advances. The Group has taken steps in different stages developing appropriate products and services currently and for the near future, including 8035 Tennichi Active Water for civilian hygiene and combating COVID-19, the Group invested in a proprietary conversion and packaging facilities to cater for the marketing and sales of 8035 Tennichi Active Water, which is already available in the market from spring 2022, and creating revenues to the Group. For Cold Chain Logistics which is a high-end reliable temperature and environmental controlled movement and storage for pharmaceutical, comestible, and beauty care products, the solution and demand are hugely sought after, whereas the Group has started procuring the required technology. As for Fintech Logistics, the Group has committed to establish a Logistical Funding Resources to be able to attach into new era of products, and to be prepared for big data solutions, artificial intelligence applications and blockchain composites.
While being ready for the above, the Group is investing huge effort in further developing and securing a higher market share in the e-Commerce and Fulfilment Services division, where the Group sees solid positive growth. Complementing the Logistics and Warehousing Services, the Group is always looking for investments into appropriate logistic hubs for the purpose. The Group is also constantly improving the selection of solutions, to cater for different needs, while improving efficiency and customer satisfaction ratings. Constant improvement and market attention will bring the Group to capture opportunities arising from cross border e-Commerce traffic from China and overseas; and this would be the cornerstone to build the Group being the major Logistics Services Provider in the region.
As a responsible corporate citizen, the Group have been accommodating the authority's initiatives in helping out COVID-19-stricken Hongkongers. A strong testimony to their reliability and capabilities, Janco's fulfilment team has made possible dynamic provisioning efforts and home deliveries at short notice or lead time.
Other than the above, Mr. Po Kam Hi John and Mr. Tsang Zee Ho Paul have been appointed as non-executive Directors with effect from 15 March 2022.
* Due to the escalation of the COVID-19 pandemic and the interruptions arising from both the quarantine and/or work from home arrangements occurred in recent months, additional time is required for the Company and the Auditor to complete their review and audit of the financial information of the Group. Following completion of the auditing process by the Auditor, the Company expects to issue further announcement(s) in relation to, among other matters, the audited consolidated financial results of the Group for the Year.
About Janco Holdings Limited (Stock code: 8035) Established in 1990, Janco Holdings Limited is a Hong Kong-based 3PL company that principally engages in freight forwarding and the provision of one-stop logistics services. The Company has become a global freight forwarder, providing innovative and technology-driven end-to-end solutions consistent with being an integrated logistics specialist. Its business covers five segments, including cross-border e-commerce logistics solutions, freight forwarding, contract logistics, pharmaceutical and healthcare, and express. In addition, the Company is able to offer a truly global logistics network to customers. For details, please visit: www.jancofreight.com
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comJanco Holdings Limited ("Janco" or the "Group"; Stock Code: 8035), a well-established freight forwarding and logistics one-stop service provider founded and based in Hong Kong with a strategic focus on Asia, announced its 2021 unaudited* preliminary annual results for the year ended 31 December 2021.