JAKARTA, Oct 28, 2024 - (ACN Newswire via SeaPRwire.com) - Wintermar Offshore Marine (WINS:JK) has announced results for 9M2024. Wintermar’s 9M2024 Net operating profit doubled to US$11.8million (+127.1% YOY) from US$5.2 million in 9M2023, contributed by higher charter rates in DP vessels and additional vessels commencing operations, while Net Attributable Profit which includes gains from vessel sales jumped to US$19.7million for 9M2024 compared to US$2.8million in 9M2023.Owned Vessel DivisionIn the Owned Vessel segment, Revenues jumped by 36.7% YOY to US$45.0 million for 9M2024, up from US$33.0 million in 9M2023. This growth was fueled by the continued rise in OSV charter rates particularly in the higher tier segment. Gross Profit from Owned Vessels rose by 124.7% YOY to US$15.5 million in 9M2024, compared to US$6.9 million in the same period last year with average charter rates 23.1% higher in 9M2024 compared to 9M2023 while vessel utilization improved slightly from 65% in 9M2023 to 67% in 9M2024.On a Quarterly basis, Owned Vessel Revenue increased by 35.1% YOY from US$13.2million in 2Q2024 to US$17.8million in 3Q2024. This strong growth was primarily driven by the deployment of two Platform Supply Vessels (PSVs) on long-term contracts at market rates after coming off a lower priced contract in April 2024, and a reactivated PSV coming into operation in August. Gross Profit increased by an impressive 81.8% QOQ, reaching US$7.5 million in 3Q2024, compared to US$4.1 million in 2Q2024, highlighting the significant widening in Owned Vessel gross margin to 41.9% in 3Q2024 from 31.1% in 2Q2024.Chartering Division and Other ServicesThe Chartering Division also enjoyed an increase Gross Profit by 20.9% YOY, despite a 11.2% YOY decline in revenue, from US$12.9 million in 9M2023 to US$11.4 million in 9M2024.Revenue from Other Services declined by 6.5% YOY, from US$5.4 million in 9M2023 to US$5.0 million in 9M2024. Gross Profit also decreased during this period, from US$2.3 million to US$1.7 million.Total Revenue rose 20.1% YOY to US$61.5million with Total Gross Profit of US$18.4 million(+81.2%YOY) for 9M2024 as compared to Total Revenue of US$51.2million and Total Gross Profit of US$10.1million in 9M2023.Direct Expenses and Gross ProfitReflecting the Company’s expanding operations and rising operational demands, Direct Costs for the Owned Vessel Division increased by 13.4% YOY to US$29.6million in 9M2024 compared to 9M2023. Depreciation costs grew by 8.2% YOY reaching US$10.1 million, due to the addition of vessels to the fleet. Crewing Expenses rose by 12.7% to US$7.6 million, due to the higher salaries and allowances required for Dynamic Positioning (DP) vessels and more vessels operating outside Indonesia.For 9M2024, Maintenance Costs increased by 39.8% YOY, to US$5.9 million, while fuel bunker costs increased by 16.8% YOY, totaling US$2.2 million. These cost increases were driven by major docking activities for certain vessels and the preparation of higher-tier vessels for long-term contracts.Indirect Expenses and Operating ProfitTotal Indirect Expenses increased by 33.1% YOY, rising from US$4.9 million in 9M2023 to US$6.6 million. The largest contributor to this increase came from salaries (+31.6% YOY to US$4.7million) due to a growing workforce in line with business expansion and bonuses paid in 2Q2024 while employee benefits were normalized in 2024 after an adjustment in 2023.Marketing expenses increased by 275% YOY from US$0.09 million in 9M2023 to US$0.4 million in 9M2024, due to marketing fees to support the Company’s international growth.Despite these cost increases, Wintermar successfully improved operational performance, reflected in a 127.1% YOY jump in operating profit, which grew from US$5.2 million in 9M2023 to US$11.8 million in 9M2024.Other Income, Expenses and Net Attributable ProfitInterest Expenses continued to fall from US$0.9 million in 9M2023 to US$0.8 million in 9M2024, reflecting a -19.1% YOY decline as outstanding bank debt decreased. The Company is now cash positive, leading to a significant increase in interest income from US$0.03 million in 9M2023 to US$0.3 million in 9M2024. This improvement in cash flow was driven by better operational performance and substantial gains from the sale of vessels.Equity in net earnings of associates turned around with a gain of US$2.1 million in 9M2024 compared to a loss of US$0.3 million in 9M2024, as operational performance from our associated companies also benefited from the industry upturn.The sale of vessels resulted in a substantial gain of US$17.4 million from the disposal of fixed assets in 1H2024, effectively crystalizing the monetary value of the fleet. This cash inflow provided management with the opportunity to reinvest in similar but younger vessels. In August 2024, the Company took delivery of a Platform Supply Vessel built in 2022, which is expected to be operationally ready by early December 2024. Non controlling interest was significantly higher at US$7.5million compared to only US$0.03million in 9M2023 to account for the minority share of earnings from the PSV business which is 51% controlled by Wintermar.Net Attributable Profit for 9M2024 totaled US$19.7million, a six fold increase (+605.2%YOY) from US$2.8million in 9M2023, due to a combination of higher gross profit from a strong performance in the core business as well as the gain from sale of vessels.The group's EBITDA increased by 50.8% YOY for 9M2024, reaching US$22.1 million.Industry OutlookThe world is navigating turbulent times, with escalating conflicts in the Middle East and Russia's ongoing war in Ukraine affecting some of the world’s most important oil producing countries. Geopolitical uncertainty has exposed the underlying vulnerabilities of the global energy system, which has contributed to a new investment cycle in upstream oil and gas as governments seek to ensure energy security.The current economic outlook points to global oil demand remaining resilient. According to the International Energy Agency (IEA), global demand for oil is expected stay above 100 million barrels per day (mb/d) through 2050. This sustained demand is driven by industrial uses, heavy-duty transportation, and petrochemical needs. The transition to renewable energy is reshaping consumption patterns, but oil and natural gas will continue to play a crucial role in meeting global energy needs.Southeast Asia remains heavily reliant on energy imports, especially oil and natural gas, to meet its growing demand. According to the IEA's World Energy Outlook, Southeast Asia is projected to become a net importer of natural gas by 2030, while China and India are also seeing a significant rise in their reliance on imported energy. China's oil imports are expected to surpass 80% by 2050, increasing its vulnerability to global supply disruptions.The Indonesian government has introduced a new gross split scheme aimed at attracting upstream investments by simplifying contractual terms and providing more favorable conditions for oil and gas contractors. This welcome move demonstrates the political will to ramp up upstream oil and gas investments in Indonesia, needed to mitigate natural production declines and the widening oil trade deficit in recent years.Business ProspectsWintermar continues to strategically strengthen its financial position and revitalize its fleet through targeted investments. As of the first nine months of 2024, the Company has invested in USS$38.8 million in fleet expansion to position its fleet in anticipation of future demand. This includes an Accommodation Work Barge (AWB), a 2022 built Platform Supply Vessel (PSV), and three newly constructed heavy load barges scheduled for delivery by the end of the year. These investments not only modernize Wintermar’s fleet but also align it with expected OSV demand as early-stage offshore drilling and exploration projects transition into the construction and production phases.These acquisitions have been financed through a combination of internal cash flow, bank loans and the sale of several low-yielding vessels. The success in securing new loans has demonstrated support from banks and enables the Company to optimize the capital structure.Contracts on hand as at end September 2024 amounted to US$71.4 million.Dividend paymentBased on the strong results in the first 9 months of 2024, the Directors have declared the payment of an interim dividend of Rp8 per share, totaling Rp34.92billion or US$2.25million. More information on the recording date can be found on our website.About Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.For further information, please contact:Ms. Pek Swan Layanto, CFAInvestor RelationsPT Wintermar Offshore Marine TbkTel +62-21 530 5201 Ext 401Email: investor_relations@wintermar.com Copyright 2024 ACN Newswire via SeaPRwire.com.

KUALA LUMPUR, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - TOPVISION Eye Specialist Berhad (“TOPVISION” or the “Company”), an experienced player in medical eye care services in Malaysia, is pleased to announce the signing of its underwriting agreement with Hong Leong Investment Bank Berhad (“HLIB”) for its upcoming public offering in conjunction with the transfer of listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Berhad (“Transfer of Listing”) (“Bursa Securities”). This Transfer of Listing representing a significant milestone in the Company’s growth journey.Datuk Kenny Liew Hock Nean, Executive Vice Chairman of TOPVISION; Ms. Lee Jim Leng, Group Managing Director/ Chief Executive Officer of HLIB [L-R]TOPVISION is an established eye care provider with a strong presence in Malaysia, specialising in comprehensive ophthalmic services including cataract surgeries, treatment and management of glaucoma, and treatment and management of vitreous and retinal diseases. Listed on the LEAP Market of Bursa Securities in 2018, the Company operates a growing network of ambulatory care centres (“ACCs”) across Malaysia, with plans to expand to 14 ACCs by next year, including its maiden entry into East Malaysia. With a focus on providing advanced, patient-centric care, TOPVISION is committed to leveraging medical technology to enhance the quality of life for its patients.The Transfer of Listing exercise, as outlined in the Company’s draft prospectus, will involve the public issue of 54.22 million new ordinary shares in TOPVISION (“Issue Shares”), representing 17.50% of the enlarged issued share capital, in conjunction with the transfer of its listing from the LEAP Market to the ACE Market of Bursa Securities.The allocation of Issue Shares will be offered in the following manner: -1. Institutional offering of approximately 33.93 million Issue Shares, representing 10.95% of the enlarged issued share capital, to be allocated to institutional and selected investors.2. Retail offering of 20.29 million Issue Shares, representing 6.55% of the enlarged issued share capital:a. 1.32 million Issue Shares for application by eligible directors (representing 0.42% of the enlarged issued share capital);b. 2.16 million Issue Shares for application by eligible employees (representing 0.70% of the enlarged issued share capital);c. 1.33 million Issue Shares for application by persons who have contributed to the success of the Group (representing 0.43% of the enlarged issued share capital);d. 7.75 million Issue Shares for application by the Malaysian public via balloting equally allocated between Bumiputera (representing 2.5% of the enlarged issued share capital) and 7.75 million Issue Shares for non-Bumiputera (representing 2.5% of the enlarged issued share capital) investors.HLIB, acting as the Principal Adviser, Sponsor, Sole Underwriter and Sole Bookrunner, will underwrite 20.29 million Issue Shares allocated for the retail offering.Datuk Kenny Liew Hock Nean, Executive Vice Chairman of TOPVISION said, “This Transfer of Listing is a significant moment for TOPVISION as we transition from the LEAP Market to the ACE Market. The partnership with HLIB for our listing underscores our commitment to expanding access to high-quality eye care services throughout Malaysia. The funds raised from this public offering will allow us to further enhance our medical technology, expand our network of ACCs, and continue our contributions to the eye care sector. Having first been listed on the LEAP Market in 2018, TOPVISION is well-positioned for growth, and we believe this transfer listing will provide us with the resources needed to reach new heights, benefiting both our patients and stakeholders.”Ms. Lee Jim Leng, Group Managing Director/ Chief Executive Officer of HLIB commented, “We are honoured to be part of TOPVISION’s journey to transfer from its LEAP Market listing in 2018 to now becoming a publicly listed entity on the ACE Market. We are excited with the prospects of TOPVISION being able to access a wider pool of investors via the ACE Market listing, which would help propel TOPVISION’s growth to the next level.”The proceeds will be primarily used for the establishment of TOPVISION International Eye Specialist Centre and two new ACCs in Kuala Terengganu and Tawau. Additionally, the proceeds will be utilised to purchase new medical equipment and cover the estimated expenses for the transfer of the Company's listing from the LEAP Market to the ACE Market of Bursa Securities.TOPVISION obtained Bursa Securities’ approval for the transfer of listing from LEAP Market to ACE Market of Bursa Malaysia on 17 September 2024.About TOPVISION Eye Specialist Berhad (“TOPVISION”)TOPVISION Eye Specialist Berhad is a prominent provider of medical eye care services in Malaysia, specialising in comprehensive eye care treatments including cataract surgery, treatment and management of glaucoma, and treatment and management of vitreous and retinal diseases. Founded with a commitment to delivering advanced and patient-centric medical services, TOPVISION operates a growing network of ambulatory care centres (ACCs) across Malaysia. The Company leverages medical technology and a team of experienced ophthalmologists to provide high-quality treatments. As an experienced player in the field, TOPVISION continues to expand its services, focusing on both innovation and accessibility to enhance the eye health of patients throughout the region.For more information, visit https://www.tvesc.com/en/Issued By: Swan Consultancy Sdn. Bhd. on behalf of TOPVISION Eye Specialist BerhadFor more information, please contact:Jazzmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizXinyi ChingTel: +60 19-337 9099Email: x.ching@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.

HONG KONG, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883) is pleased to announce that its subsidiary, China Enterprise ICT Solutions Limited (“China Entercom”), and China Resources Beer (Holdings) Company Limited (“CR Beer”) have successfully deployed two benchmark projects - “CR Beer’s Green Factory with Digital Intelligence” and “CR Beer’s One-Stop SD-WAN Hybrid Network”. These initiatives have left a significant impact and were recognized at the 2024 IDC Future Enterprise Awards China and DX Summit.Both projects received notable accolades - “CR Beer’s Green Factory with Digital Intelligence” was honored with the prestigious “IDC’s Best in Future of Digital Industry Navigator Case” award, while “CR Beer’s One-Stop SD-WAN Hybrid Network” was recognized with the “Best in Future of Connectedness of IDC Future Enterprise Awards China”. Notably, the latter project has been selected by IDC China as a contender for the prestigious IDC Future Enterprise Awards Asia Pacific, where it competes alongside other world class top-tier companies. This recognition signifies the widespread acknowledgment of these two projects by esteemed consulting institutions, industry experts, and the business community at large. China Entercom collaborates with CR Beer to launch “CR Beer’s One-Stop SD-WAN Hybrid Network” project, Earned the “Best in Future of Connectedness of IDC Future Enterprise Awards China”, Mr. Chen Xue Qiang, Deputy director of the Intelligence and Digital Department of China Resources Beer, received the award on site China Entercom empowers “CR Beer’s Green Factory with Digital Intelligence” projectAwarded the “IDC’s Best in Future of Digital Industry Navigator Case”Mr. Tao Zhi Bin, Deputy Director of Intelligence and Digitalization Department of China Resources Beer, received the award on siteAccording to the IDC panel of judges, CR Beer has established itself as a benchmark company in the industry for its outstanding performance in smart manufacturing and green production. By extensively and proactively integrating innovative technologies into business scenarios, such as Internet of Things (IoT), big data analytics, artificial intelligence (AI), the company has developed various types of technology applications to enhance their productivity and resource utilization with smarter production processes. Coupled with digitization, the company has optimized the supply chain management, reduced wastes of resources and improved the transparency of the entire value chain. An environmentally-friendly production mode has also been created by technological innovations, thereby decreasing wastewater discharge, effectively recycling energy and limiting carbon footprints. The two award-winning projects of CR Beer that highlight digital intelligence have not only demonstrated a win-win situation for economic and environmental benefits through digital transformation, but have also highlighted its role as an enabler of social and digital economic development, showcasing its corporate responsibility.“It is such an honor to receive these two valuable awards, and the recognition of our efforts in digital transformation. We are further convinced to uphold longtermism, and to accelerate all-round development in terms of globalization, premiumization, greening, cultural innovation and so on,” said Mr. Chen Xue Qiang, Deputy Director of Intelligence and Digitalization Department of CR Beer. “We would not have developed these two benchmark projects and outcompeted others without our critical partner, China Entercom, and its innovative ICT technologies and solutions. Our partnership dates back to 2019, and our teams have gained mutual trust in those five years so that we have achieved successful digitization regarding innovative technology and business innovation services. Far beyond being a provider of technologies, solutions and services, China Entercom is the trusted partner of CR Beer’s digital transformation journey.”Mr. Tao Zhi Bin, Deputy Director of Intelligence and Digitalization Department of CR Beer, said, “ At the IDC conference, CR Beer's green factory with digital intelligence was honored “Future of Digital Industry Navigator Case”. This acknowledgement not only affirms our achievements in constructing a green factory with digital intelligence, but also recognizes the potential for our company's future development. As a critical partner of CR Beer, China Entercom has provided strong support in intelligent cloud network security services, laying a solid digital foundation for us to realize our green vision of low-carbon operations. The collaboration between the two parties has achieved technical complementarity and integration, sparking deep synergies across business models, market strategies and different aspects.”Mr. Brook Wong, Chief Executive Officer of CITIC Telecom CPC and President of China Entercom, said, “It is a great pleasure and honor to work with CR Beer on digital transformation, which is both a leading, high-quality, all-rounded alcoholic beverage company and a very important corporate client. I believe that this award is undoubtedly a high recognition for the collaborative projects between the two parties, and it is also a strong affirmation of our motto “Innovation Never Stops” and dedication in the ICT industry for more than two decades. Our next step will be riding on the wave of the digital economy, while pursuing innovation in digital intelligence, boosting high-quality development in ‘AI+ Cloud, Network, Security’ solutions, and accelerating the advancement of the ICT industry. We are committed to making technology the ultimate business enabler, promoting high-quality development with innovation and intelligence.”From the Present to the Future: China Entercom Customizes a Future-Proof “All-in-One Cloud, Network, Security” Platform for CR Beer to Realize Digital IntelligenceHeadquartered in Beijing, CR Beer is one of the significant members of China Resources Group in terms of the consumer sector, and also a pioneer with a history spanning over 30 years in the domestic alcoholic beverage industry. In view of aggregate sales, CR Beer has been top-ranked in the Chinese beer market since 2006, however, the market competition has become fiercer with the change in market demands and consumption needs, notably the trends of premiumization and diversification among the leading enterprises in the past few years. CR Beer realized digitization and intelligentization are the keys to capture the market, so it implemented the “3+3+3” corporate development strategy for premiumization in 2017, moved towards technology productization in 2020, and recently launched a dual empowerment model of “Beer and Baijiu”.To achieve digital transformation, CR Beer needs to generate higher values from technologies and foster business growth by addressing the preexisting challenges. More importantly, it needs a reliable partner with technological expertise, tailor-made solutions, exceptional service capabilities and global resources to flexibly support its future businesses and advance the three critical objectives: (1) enhance network continuity and scalability, (2) improve network efficiency, and (3) reinforce the security protection of the entire digital infrastructure.“Having considered carefully and conducted rigorous technical tests, CR Beer decided to join hands with China Entercom. With its full-cycle support from customization, deployment and installation, implementation to operation and maintenance, we adopted its innovative suite of ‘All-in-One Cloud, Network, Security’ solutions (MPLS + SD-WAN + Security + SASE + Private Cloud). With this solution as a solid and secure foundation for digital transformation, CR Beer has experienced a seamless and highly efficient transformation journey, which is in line with the ultimate goals of our partnership,” said Mr. Chen Xue Qiang, Deputy Director of the Intelligence and Digitalization Department of CR Beer.IDC commented on “CR Beer’s One-Stop SD-WAN Hybrid Network” project, said: “This project has excelled and outcompeted others in network optimization, service delivery, technology innovation and low-carbon development. Additionally, the one-stop service provided by China Entercom not only streamlines the network management, but also ensures network stability and security with its round-the-clock monitoring function. With the integration of multiple innovative technologies, the customized ‘All-in-One Cloud, Network, Security’ solutions have addressed the digital transformation requirements of CR Beer. In particular, deploying the private cloud in the low-carbon data center is apparently a proactive approach to environmental protection and low-carbon operation, providing an excellent paradigm of both economic benefits and social responsibility commitments, setting a benchmark for the industry.”Rooted in China, Connecting Globally: China Entercom as the long-term partner of CR Beer’s Globalization StrategyCR Beer is committed to fulfilling its responsibility as a subsidiary of China Resources Group, actively promoting the “Belt and Road” Initiative and global development. To connect globally, the company first established a global strategic partnership with Heineken Group in 2019 under the “Going Global” policy, making China the second largest market for Heineken. By leveraging the global resources of China Entercom and its parent company CITIC Telecom CPC, the next step of CR Beer is to promote a comprehensive digital transformation with network improvement as the basis, realizing automated workflow and intelligent decision support. Meanwhile, the company is looking forward to boosting operational efficiency and responsiveness to drive rapid business growth and expand its market presence along the “Belt and Road”, in Southeast Asia, Europe and the global market.Mr. Henry Ko, General Manager of Enterprise Sales, China Entercom, said, “The cooperation between China Entercom and CR Beer started at the initial stage of its digital transformation journey. As an industry leader, CR Beer has more heightened requirements of digital transformation — cost reduction, higher efficiency, and most importantly, holistically solving current pain points and challenges for a better future. And this is where our strengths lie. Having worked with a variety of industries for more than 20 years, China Entercom is well aware that forward-looking technologies and services offered by solution providers are the keys to maximizing clients’ IT investment efficiency.”“There are some prerequisites for new technology applications to attain cost reduction and efficiency enhancement during digital transformation. The first is to select the right technologies and solutions, and the second is to carry out customized implementation and deployment for better business development. In other words, choosing the right partner matters. It is a great pleasure to be the right partner for CR Beer, and to be working together since the very beginning of its digital transformation, which it has eventually achieved higher efficiency with technologies,” continued Mr. Ko.Beer with ICT Innovations: CR Beer Adds a Hint of New Technology FlavorThe in-depth cooperation between CR Beer and China Entercom demonstrates the convergence of innovative ICT technologies with the traditional alcoholic beverage industry, resembling a brewer blending liquors delicately. The next stage of cooperation is reportedly in the direction of going globally, AI+ and SOC-as-a-Service (SOCaaS).“Under the leadership of Mr. Guo Hua, Chief Digital Officer of CR Beer, the information technology team is actively promoted ‘Five Transformations, Three Concentrations, One Core, and Four Platforms as the transformation framework to comprehensively promote the implementation of the digital strategy, committed to aligning with top international standards. As we strongly support the digitalization of our business systems, we consistently enhance infrastructure development and information security. In parallel, we are proactively delving into the implementation of cutting-edge technologies like artificial intelligence, aiming to propel our digital transformation efforts. Our goal is to establish a globally competitive IT brand and highlight the distinctive value of CR Beer and its IT division through recognition at the IDC awards. We anticipate our continued collaboration with China Entercom, strategically mapping out our long-term partnership to achieve a more robust digital transformation and sustainable development,” concluded Mr. Chen Xue Qiang, Deputy Director of the Intelligence and Digitalization Department of CR Beer.References[1]Source: CR Beer[2]https://www.jnexpert.com/article/detail?id=4040About IDC Future Enterprise Awards ChinaIn its ninth year, the IDC Future Enterprise Awards recognize remarkable institutions, organizations and/or individuals that have showcased critical efforts and breakthroughs in digital transformation. The Award is forward-looking, neutral and international. The awardees are the most representative digital transformation cases of the year, who are acknowledged as the pioneers that pave the way to future businesses and highlight the business values of digital transformation.About IDCInternational Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit http://www.idc.com.About CR BeerChina Resources Beer (Holdings) Company Limited (HKD Counter Stock Code: 291 / RMB Counter Stock Code: 80291), is an alcoholic beverage listed subsidiary company of China Resources (Holdings) Company Limited, specializing in alcoholic beverage production, sales and distribution. It fully owns China Resources Snow Breweries Limited and China Resources Wine Holdings Co., Ltd.. The former focuses on brands such as Snow and Heineken, while the latter holds, participates in and/or manages three baijiu companies (Guizhou Jinsha, Jingzhi and Golden Seed). Please visit https://www.crbeer.com.hk/home/ for more information.About China EntercomChina Enterprise ICT Solutions Limited (“China Entercom” or “CEC”), a subsidiary of the CITIC Group. With solid global knowledge, diversified industrial experience, successful cases and top-notch expertise, as well as incorporating extensive ICT resource coverage, global-local capabilities and world-class solutions, China Entercom stands as the trusted partner for comprehensive solutions, addressing customers’ specific ICT requirements and fostering their development along the “Belt and Road” and around the globe.For more information, please visit https://www.china-entercom.com/En/.About CITIC Telecom CPCWe 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™ private network solutions, TrustCSI™ information security solutions, DataHOUSE™ cloud data center solutions, and SmartCLOUD™ 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 nearly 160 countries and regions, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect nearly 170 points of presence (POPs), 60+ SDWAN gateways, 21 Cloud service centers, 30+ data centers, and three dedicated 24x7 Security Operations Centers (SOCs). We are certified with a series of international certifications, including SD-WAN Ready, ISO 9001, 14001, 20000, 27001, and 27017, to ensure our services compliance with international standards and resources for enterprises. 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.comMedia Contacts: Catherine Yuen CITIC Telecom CPC (852) 2170 7536 Email: catherine.yuen@citictel-cpc.com Copyright 2024 ACN Newswire via SeaPRwire.com.

ANTWERPEN, BELGIUM, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - In a leadership transition at the Antwerp-based supply chain specialists, Anita Van Looveren will step into her new role as Chairwoman of the Board of Directors on November 1, after nearly 25 years in the CEO role and almost 40 years with the company. Paul Vanvuchelen, Global Delivery Lead, will succeed her as CEO, beginning a new chapter for OMP with a focus on strengthening its leadership in advanced supply chain planning. In her new position, Anita Van Looveren will continue to work closely with Paul Vanvuchelen, offering strategic guidance and support.Anita Van Looveren and Paul VanvuchelenUnder the stewardship of company founder Georges Schepens and long-time CEO Anita Van Looveren, OMP has grown into a global leader inadvanced supply chain planning. Since its inception in 1985, OMP has built a strong reputation by working with an expanding portfolio of customers, including innovative startups and blue-chip giants. OMP has helped them navigate challenging market conditions, geopolitical issues, and, most recently, the worldwide pandemic. Georges Schepens, as outgoing Chair, will remain a member of the Board.Pioneering advanced supply chain planningBased in Antwerp, Belgium, OMP employs over 1,200 people worldwide and serves some of the world's most iconic and innovative companies, principally in the life sciences, consumer goods, chemical, metals, and paper, plastics & packaging industries. OMP was recently recognized as a leading force in supply chain planning in the Gartner Magic Quadrant for the ninth successive year. This recognition highlights OMP's ability to deliver tangible results while driving its vision of embedding innovation into future supply chain solutions.A seasoned leader in the industryPaul Vanvuchelen takes over at a time when the world's supply chains in every industry are under severe pressure from global events and evolving market conditions. With a longstanding track record as a business leader in the metals industry prior to his work at OMP, Paul Vanvuchelen served as former CEO at Aperam Stainless Belgium and Chief Performance Officer at Aperam Global. He is credited with successfully transforming and optimizing the company's footprint and supply chain, significantly improving costs, inventories, and service levels, through digitalization, automation, and organizational efficiency projects.After joining OMP in 2013, Paul Vanvuchelen began as metals industry lead before moving to the role of Global Delivery Lead. He is known among colleagues and customers alike for his deep understanding of supply chains and the business acumen required to lead OMP into the next phase of its journey.Delivering real value in a world of constant changeAs he takes up his new role, Paul Vanvuchelen pays tribute to Anita Van Looveren: "It's a great honor to succeed Anita and lead this exciting business. Supply chain planning affects everyone all over the world, and we at OMP help global enterprises get better and better at it every day. It's especially challenging and thrilling in a world of constant change, with new technologies emerging at a rapid pace."Transitioning to her new role, Anita Van Looveren praises Paul Vanvuchelen's leadership and team spirit: "Paul has been a driving force at OMP for many years, encouraging colleagues to maximize their potential. I'm confident he'll continue to do that in his new role, allowing every individual to bring real value to our customers."Continuity and stakeholder collaborationThe transition has been carefully planned to have no effect on OMP's shareholder structure. The company's ambition for future growth remains intact, thanks in large to the expertise and dedication of its global teams, who develop, implement, and support OMP's next-generation Unison Planning™ solution.About OMPOMP helps companies facing complex planning challenges to excel, grow and thrive by offering the best digitized supply chain planning solution on the market. Hundreds of customers in a wide range of industries - spanning consumer goods, life sciences, chemicals, metals, paper, plastics & packaging - benefit from using OMP's unique Unison Planning™.Contact InformationKatleen RybczynskiSenior Communications Managerkrybczynski@omp.com+32 3 650 23 22SOURCE: OMP Copyright 2024 ACN Newswire via SeaPRwire.com.

JAKARTA, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - As the year nears its end, rockbird media's Retail & E-Commerce Summit Asia prepares to drop the curtain of its 2024 Southeast Asia run with a crescendo in Indonesia. Set to electrify the country’s bustling capital on November 21 at the prestigious Le Meridien Jakarta, this summit is the final act in the series, with the theme "Retail Revolution: The Experiential Shopping" promising to be a catalyst for innovation in one of the region’s most vibrant digital marketplace.RESA 2024 is meticulously crafted for the vanguards of retail - C-suite executives and directors who are shaping the future of commerce. Participants will dive deep into the art of crafting unforgettable shopping journeys, exploring the cutting edge of AI integration, mastering the nuances of hyper-personalization, and unlocking the potential of next-gen payment ecosystems that are transforming Indonesia's thriving marketplace.More than just a summit, the event promises to be a crucible for retail alchemy, bringing together the brightest minds to not only predict the future of retail but to actively forge it in the white-hot furnace of Indonesia's digital economy. Attendees will experience visionary keynotes, curated one-on-one sessions, hands-on breakout sessions, electrifying panel discussions, and networking opportunities tailored to individual business imperatives.As Indonesia's e-commerce sector races towards an astounding IDR 661.9 trillion valuation this year, RESA emerges as the essential nexus where traditional retail wisdom collides with cutting-edge digital strategies. This summit is poised to be the birthplace of ideas that will reshape how millions shop, engage, and experience brands in the digital age.For more information, including registration details, complete agenda, speaker updates, pricing, and more, please visit https://rockbirdmedia.com/all_b2b/resa-id-nov-2024/About rockbird mediaRockbird media is an international business media company that produces B2B events and offers business solutions.Whether it is through online media and content, must-have business intelligence and analytics, effective networking, and partnering solutions, we help businesses and professionals learn more about the latest trends, and know more about their customers, peers, and competition, to make that decision that allows them to grow.Media contact:Ann Jubelle De Veraannjubelle@rockbirdmedia.com Copyright 2024 ACN Newswire via SeaPRwire.com.

SINGAPORE, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - EDUtech Asia 2024, will be back for its 9th edition from 6 to 7 November. Organised by Terrapinn, EDUtech Asia 2024 will offer a distinguished lineup of education leaders, decision-makers, policy makers, educators, innovators and disruptors to collaborate and reimagine the future of education with the power of tech.EDUtech Asia will have the honour of having Madam Halimah Yacob, Chancellor of the Singapore University of Social Sciences and former President of Singapore, gracing the conference as our Guest of Honour. On 6 November, Madam Halimah will deliver the welcome address, marking the official opening of the event.Headlining the conference are Prof Guo Yike, Provost at The Hong Kong University of Science and Technology, Dr Jason Lodge, Deputy Associate Dean (Academic) at The University of Queensland and Dr Ng Pak Tee, Associate Professor at the National Institute of Education (NIE) Singapore. As a pioneer in AI, Prof Guo will explore AI's impact on traditional education and its potential to personalise learning experiences during his keynote, “AI at the helm: breaking boundaries in education”. Discussing the application of self-regulated learning strategies to balance student engagement with high-quality learning Dr Jason Lodge, will address "The Digital Learning Paradox: Navigating Technologies Without Losing Direction." Posing the provocative question, "If AI is Artificial Intelligence, What is Real Intelligence", Dr. Ng Pak Tee stresses the growing importance of nurturing human intelligence alongside AI advancements.Alongside the keynotes, over 400 speakers will also be addressing pressing issues on the minds of educators including AI, leadership, teaching and learning, digital transformation and infrastructure, wellbeing, lifelong learning, assessments and more across six breakout stages."EDUtech Asia offers an invaluable opportunity for educators to connect, share insights, and discover cutting-edge educational technologies that are transforming learning experiences," says Ms Sophia Ku, EDUtech Asia Managing Director, Terrapinn Pte Ltd.Alongside the main conference, EDUtech Asia will also feature a series of activities within the exhibition- EdTech Showcase: Over 200 EdTech solution providers, including Google for Education, Lenovo, Microsoft, Samsung Electronics Singapore, i-Scream Media, Canvas by Instructure and Kami, will exhibit their transformative educational technologies. The start-up city features up-and-coming start-ups introducing their solutions to the wider education community. There will also be two free-to-attend stages featuring live demos across the two days.- Free seminars for educators, by educators: Designed to provide educators with a platform to voice their thoughts, EDUtech Show & Tell highlights successful campus initiatives and processes where technology was used effectively in the classroom, and aims to empower attending educators to progress on their digital journeys. Additionally, the Ask Me Anything Lounge puts the spotlight on attendees and encourages them to ask their burning questions to experts on topics including AI, wellbeing, assessments, data and immersive learning.- The inaugural Planet Protectors Sustainability Challenge, powered by Google for Education, seeks to empower students to take the lead in tackling sustainability challenges. With this year’s theme tackling the issue of waste, fifteen student teams from K-12 and Higher Education institutions will be showcasing their ideas and solutions. - EDUtech Asia is proud to team up with Plastify, a social enterprise dedicated to transforming recycled plastic into reusable products, to produce its EDUtech Asia branded memorabilia . Attendees will not only learn about sustainability initiatives but also enjoy a unique, hands-on experience to create their own EDUtech Asia memorabilia made out of 100% recycled plastic in just under 30 seconds. - The Early Childhood Education Showcase will highlight a series of projects by students from the National Institute of Early Childhood Development (NIEC), Singapore. Attendees will get to experience some of the students’ creations, from digital story books and fun educational programmes, and listen to some of the exciting findings from their research.- The finals of the "Temasek Foundation Education Challenge: Empowering Teachers through EdTech" competition will take place at EDUtech Asia. Here, ten innovative EdTech start-ups will compete with their solutions. The challenge seeks to discover and support innovative solutions that evolve the roles of educators, enhance the effectiveness of teaching and introduce new models to reach underserved communities.Registration for EDUtech Asia 2024 is still open at www.terrapinn.com/EDUtech_Asia_24. Premium conference passes as well as free-to-attend exhibition visitor passes are available.EDUtech Asia 2024 will take place in B2 Halls D, E, F, at Sands Expo and Convention Centre, Singapore, on 6-7 November 2024.For more information on EDUtech Asia 2024, please visit: www.terrapinn.com/EDUtech_Asia_24EDUtech Asia Conference dates and opening hours:6 November 2024: 08:50 - 18:00 7 November 2024: 08:50 - 17:10 Exhibition opening hours: 6 November 2024: 09:20 – 18:00 7 November 2024: 09:20 - 17:30 Venue: B2, Halls, D, E & F, Sands Expo & Convention Centre, Singapore About Terrapinn Terrapinn has been sparking ideas, innovations and relationships that transform business for over 30 years. Using our global footprint, we bring innovators, disrupters and change agents together, discussing and demonstrating the technology, strategies and personalities that are changing the way the world does business. Whether you’re looking to make new connections, introduce product or inspire change in your industry, we invite you to join us as agitators of change. Terrapinn – spark something Terrapinn – spark something. www.terrapinn.com Press attendance is complimentary. Enquiries should be directed to: Jessica Foong at jessica.foong@terrapinn.com Copyright 2024 ACN Newswire via SeaPRwire.com.

INDIA, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - Temenos (SIX: TEMN) today announced that it has signed a Multi-Country Model Bank development agreement with Bahwan CyberTek (BCT), a global digital transformation company. Temenos Country Model Banks offer financial institutions a faster go-live experience with Temenos solutions, while simultaneously reducing costs and risks through pre-configured banking functionality and country-specific localization.The agreement will see BCT develop further and market Temenos Country Model Banks, using the latest cloud-native technology and extensibility framework, for financial institutions in India, Sri Lanka, Nepal, Bangladesh, Cambodia, Philippines and Taiwan. Additionally, BCT becomes the Temenos preferred upgrade partner for banks in these markets.Country Model Banks are a key differentiator for Temenos and through such agreements, Temenos can scale this competitive advantage, with partners further developing and building new model banks compatible with Temenos’ composable banking solutions and SaaS offerings.With a network of 4,500 product engineering and digital services practitioners and consultants, BCT will support Temenos clients' modernization programs. BCT has committed to invest in developing localized functionality to further enhance the Temenos Model Banks for financial institutions in the seven countries.This new agreement extends the close collaboration between the two companies with BCT signing a strategic agreement with Temenos in 2022 to market, implement, and support all Temenos products and solutions in India, Sri Lanka, Nepal, and Bhutan.William Moroney, Chief Revenue Officer, Temenos, commented: “We are delighted to extend our strategic relationship with BCT to provide enhanced local functionality and service capability to customers in India, Sri Lanka, Nepal, Bangladesh, Cambodia, Philippines and Taiwan. By leveraging the expertise and resources of both companies, this collaboration will enable financial institutions in these markets to deliver innovative and customer-centric banking experiences with greater agility and speed to market while also reducing cost and risk.”S. Durgaprasad, Co-founder, Director & Group CEO, Bahwan CyberTek, said: "We are excited to collaborate with Temenos in developing and marketing Country Model Banks, enabling financial institutions in these countries to leverage the latest banking capabilities and technology from Temenos to achieve operational excellence and their digital transformation goals. This latest agreement between our companies signifies a significant step forward in empowering financial institutions across these target markets in Asia with innovative banking solutions, ultimately driving growth and enhancing customer experiences.”About TemenosTemenos (SIX: TEMN) is the world’s leading platform for composable banking, serving clients in 150 countries by helping them build new banking services and state-of-the-art customer experiences. Top performing banks using Temenos software achieve cost-income ratios almost half the industry average and returns on equity 2X the industry average. Their IT spend on growth and innovation is also 2X the industry average.For more information, please visit www.temenos.com.About Bahwan CyberTekBahwan CyberTek is a global provider of digital transformation solutions. A trusted partner for over 1000+ customers, including Fortune 500 companies, we drive innovation through our products, service offerings & strategic partnerships. Established in 1999, Bahwan CyberTek has over 4500+ associates with technical and domain expertise across the Banking & Financial Services, Oil & Gas, Telecom, Power, Government, Banking, Retail and SCM / Logistics verticals. BCT has delivered solutions in 50+ countries across North America, Europe, Middle East, Africa and Asia-Pacific.For more information, please visit www.bahwancybertek.comFor Media Queries please contact:Hari Haran | +91 8148491924 | hari@brand-comm.com Copyright 2024 ACN Newswire via SeaPRwire.com.

Unmatched performance and feature set meets toughness and reliability in extreme conditionsSan Diego, California and Sydney, Australia--(ACN Newswire via SeaPRwire.com - October 28, 2024) - Sonim Technologies (NASDAQ: SONM) introduces the Sonim H700, the world's first rugged 5G and Wi-Fi 7 mobile hotspot, available to Australians through Telstra. Featuring the Snapdragon® X75 Modem-RF system, the Sonim H700 offers advanced and reliable connectivity, ideal for professionals, first responders, and consumers needing high-speed internet in demanding conditions."We're thrilled to join forces with Telstra to introduce the Sonim H700 5G Mobile Hotspot, the industry's first ultra-rugged device featuring both 5G and Wi-Fi 7 technologies, and other features not found on competing devices in its class," said Peter Liu, CEO of Sonim. "This launch signifies a major leap forward in durability and connectivity, making our exceptional brand experience more accessible than ever before."Future-proof advanced connectivityThe Sonim H700 combines 5G and Wi-Fi 7 for gigabit speeds and low latency. With support for 5G, 4G, and 3G networks1, and external antenna ports, it ensures reliable connections even in low coverage areas. It supports up to 34 devices2, features a 2.5Gbps Ethernet port, USB 3.1 for tethering, and integrates seamlessly with existing routers, making it perfect for streaming 8K, gaming, and conferencing.Built for Extreme ConditionsTrue to Sonim's legacy, the Sonim H700 is engineered to perform in the most demanding environments. It meets a subset of Sonim's proprietary Rugged Performance Standards (RPS), MIL-STD-810H military specifications, and IP68 certifications, ensuring flawless operation in virtually any condition3. The MIL-STD-810H standard guarantees resilience against drops, vibrations and other impacts, while the IP68 rating provides superior protection against water and dust ingress. Beyond these certifications, Sonim's RPS adds an extra layer of durability by subjecting the device to a rigorous use case-scenario tests, including thermal shocks, chemical exposure, and pressure resistance. These features make the Sonim H700 ideal for construction and mining sites, emergency field locations, and outdoor activities and businesses.Long-Lasting Power and ManagementThe 6000mAh removable battery provides extended use and doubles as a power bank4. 'No Battery' and 'Battery Conservation' modes ensure uninterrupted operation during outages. The intuitive touchscreen simplifies management of advanced networking features, while automatic power-on with power sensing ensures reliable, unsupervised connectivity. Plus, this IT-friendly solution includes advanced configurations like LAN/DHCP settings, IP passthrough, DNS, firewall, MAC/IP filtering, port forwarding, DMZ, and VPN passthrough.Gautam Sheoran, Vice President, Product Management, Qualcomm Technologies, Inc. commented: "We are proud to have our Snapdragon® X75 5G Modem-RF System at the heart of the Sonim H700 mobile hotspot. Bringing the best of 5G Rel 17 with Wi-Fi 7 in this segment is a significant leap forward and this powerful integration delivers exceptional connectivity and performance, making it a true work horse dedicated to providing reliable high-speed access in a variety of locations and use cases."The Sonim H700 5G Mobile Hotspot is available through Telstra online and in select retail locations. For more information visit: https://www.telstra.com.au/internet/mobile-broadband/sonim/h700-5g-hotspot1 Data plan required. Actual results may vary. Coverage and data speeds subject to network availability.2 The H700 series supports up to 32 devices connected via Wi-Fi, plus two additional devices tethered via USB and Ethernet.3 Sonim devices are built for heavy duty use. They are certified to resist dust and water under International Electrotechnical Commission Ingress Protection (IP) Standard 60529. This means they are designed to minimize the intrusion of dust and can be submerged in water up to 6.5 feet deep (2 meters) for up to 30 minutes. They are also shock resistant and can withstand occasional drops from up to 5.9 feet (1.8 meters). While our devices are tough, they are not indestructible. Use outside these parameters is not recommended and is not warranted. After immersion, always promptly rinse and dry the device. For more information, visit www.sonimtech.com/support.4 Battery life and activity may vary with factors such as number of connected devices (Wi-Fi, Ethernet, USB), data usage, network conditions and amount of time the screen is actively ON.Sonim is a trademark or registered trademarks of Sonim Technologies, Inc.Snapdragon is a trademark or registered trademark of Qualcomm Incorporated. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.About Sonim Technologies, Inc.Sonim Technologies is a leading U.S. provider of ultra-rugged, rugged and durable communication tools, including phones, wireless internet data devices, software and a robust ecosystem of accessories and partners that comprise solutions designed to provide extra protection and functionality for users that demand more in their work and everyday lives. Based in California, USA and operating globally, Sonim delivers carrier-grade solutions through leading carriers and distributors worldwide. Discover more at www.sonimtech.com.Media ContactAnette GavenSonim TechnologiesM: 619-993-3058pr@sonimtech.comInvestor ContactMatt KrepsDarrow Associates Investor Relationsmkreps@darrowir.comM: 214-597-8200To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228095 Copyright 2024 ACN Newswire via SeaPRwire.com.

HONG KONG, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - Leoch International Technology Limited ('Leoch International' or the 'Company', Stock Code: 842.HK) pleased to announce that the 2024 CBI Global Battery Innovation Summit ('CBI Innovation Summit'), co-organized by Consortium for Battery Innovation ('CBI') and Leoch International and hosted by Zhaoqing Leoch Battery Company, had its grand opening and was successfully held from 23rd to 25th October in Zhaoqing City, Guangdong Province, China.The CBI Innovation Summit is the only annual international conference organized by CBI in Zhaoqing City, China, and it is also an essential technical conference for the lead battery industry in the world. More than 1,500 elite representatives from the global battery industry gathered to explore the advanced concepts, cutting-edge technologies, and market development of the new energy storage industry and to join hands to promote the international exchange and cooperation of battery products and technologies to create a better future for the development of the battery industry.Mr. Zhang Aijun, Secretary of Zhaoqing Municipal Committee; Mr. Liu Jingbo, Standing Committee Member of Municipal Committee and Vice Mayor of Zhaoqing; Mr. Wang Jianxin, Vice President and Executive Secretary of China Battery Industry Association (CBIA); Dr. Alistair Davidson, Director of CBI; Prof. Zhang Jiujun, Chief Scientist of Leoch International and Foreign Academician of the Chinese Academy of Engineering; Dr. Dong Li, Chairman of Leoch International and Ph.D. in Materials Science, and other distinguished guests attended the conference and delivered various keynote speeches.（2024 CBI Global Battery Innovation Summit）（Dr. Dong Li, Chairman of Leoch International delivered a welcome speech on behalf of the organizer）（Dr. Alistair Davidson, Director of CBI, delivered a keynotespeech on “The Future of the Global Lead-Acid Battery Industry”）（Dr. Dong Li, Chairman of Leoch International delivered a keynote speech on “Sustainable Development”）（A Grand Appreciation Dinner of CBI Innovation Summit）On the morning of October 25, the CBI high-level closed-door meeting ended, ending the three-day 2024 Global Battery Innovation Summit. The conference, with rich reports, a wide range of participants, high academic standards, and a strong academic atmosphere, brought participants the power of science and technology, the power of progress, and the ambition to win.The end of the conference does not mean the end but the beginning of a new journey. Leoch International and other guests expressed that they would continue to learn and innovate to realize the new goals of the CBI Innovation Summit and contribute to the development of the economy and society. Leoch International will work together with CBI and other guests to explore the new world of the battery industry with technology-driven innovation.About Leoch International Technology LimitedLeoch International Technology Limited (“Leoch International”) is dedicated to becoming a leading global energy solution provider. It primarily engages in the R&D, manufacturing and distribution of energy storage systems and new energy batteries in power solution business (including reserve power batteries, automobile SLI batteries and motive power batteries) as well as recycling business. Currently, Leoch International has 18 production facilities and over 80 sales offices, serving customers from over 130 countries and regions. The self-proprietary battery products enjoy great competitiveness and influence in the global market and are widely applied in over 10 industries including new energy vehicles, data center, communications, electricity, railway and new energy storage. Copyright 2024 ACN Newswire via SeaPRwire.com.

Boca Raton, Florida--(ACN Newswire via SeaPRwire.com - October 28, 2024) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce that it received the operational permit for its Neves Project from the government of the state of Minas Gerais in Brazil. With this positive decision, Atlas Lithium has all the needed authorizations to assemble and run its processing plant and develop open-pit mining operations at one of its lithium deposits. This marks a crucial milestone in the Company's goal of becoming a lithium producer.On October 25, 2024, a voting board comprised of twelve representatives from the local civil society and government unanimously approved Atlas Lithium's license application for its Neves Project, resulting in the formal issuance of the permit. On October 26, 2024, the permit was formally published in the official gazette of the Minas Gerais government. This outcome follows the technical recommendation for approval issued by the Environmental Foundation of Minas Gerais in September 2024.The permit authorizes Atlas Lithium to assemble and operate its lithium processing plant, to process mined ore from one of its deposits at the facility, and to sell the lithium concentrate that it produces. This key development comes after an extensive technical review process by regulatory agencies that began with the Company's initial permit application on September 1, 2023. The triphasic permit obtained by Atlas Lithium is the most expeditious licensing modality available as it encompasses the initial, the installation, and the operating licenses all within this same issued authorization (known as "LI/LP/LO" in the local regulatory terminology).Marc Fogassa, CEO of Atlas Lithium, commented, "We are thrilled with today's announcement, as permitting is widely considered the most critical risk in any mining project. Atlas Lithium's permit reflects fourteen months of our team's meticulous work throughout the licensing process and showcases our unwavering commitment to developing an environmentally responsible and sustainable operation in Brazil's Lithium Valley - a mineral district which is rapidly establishing itself as a premier location in the global lithium supply chain. This milestone marks a key step for us towards becoming a lithium producer and advances Atlas Lithium into the next phase of our growth trajectory.""We are committed to being a responsible corporate citizen for all our stakeholders. With the news provided today, and as the Neves Project proceeds towards implantation and operation, Atlas Lithium will create hundreds of local jobs in the Vale do Jequitinhonha area of Minas Gerais. Additionally, our lithium processing plant is engineered to possibly achieve the smallest environmental footprint in its class," said Rodrigo Menck, a member of the Board of Directors of the Company.About Atlas Lithium Corporation Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project in the state of Minas Gerais. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel, rare earths, titanium, graphite, and copper. The Company also owns equity stakes in Apollo Resources Corp. (private company; iron) and Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).Safe Harbor StatementThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium's ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled "Risk Factors" in the Company's Form 10-K filed with the Securities and Exchange Commission (the "SEC") on March 27, 2024. Please also refer to the Company's other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company's views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.Investor RelationsGary GuytonVice President, Investor Relations+1 (833) 661-7900gary.guyton@atlas-lithium.comhttps://www.atlas-lithium.com/@Atlas_LithiumTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/227991 Copyright 2024 ACN Newswire via SeaPRwire.com.