HDEX, a trailblazing force in the hydrogen industry, proudly announces the launch of the world’s premier hydrogen exchange. On January 1, 2024 the first transactions occurred on the HDEX platform. This groundbreaking platform facilitates the seamless trading of hydrogen and investing in the hydrogen sector, propelling the transition to a sustainable future.
“HDEX is a game-changer for the hydrogen industry and the environment,” emphasizes Aron Dutta, Chairman and co-founder of HDEX. “By creating the world’s first hydrogen exchange, we are enabling the development of a global hydrogen market that will drive innovation, investment, and adoption of hydrogen as a clean energy solution.”
HDEX is set to debut its private token offering in the next few weeks, inviting only a select group of investors to participate. To receive updates, please join our mailing list at http://hdexgroup.com/
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At HDEX, we are committed to advancing the possibilities within the evolving hydrogen market, offering a reliable platform for seamless trade and contributing to the sustainable future of energy. HDEX is a global company based in the United Kingdom. For more information contact us at info@hdexgroup.com.
Topic: Press release summary
“Lula’s First Day Of School”: a heartwarming story of determination and overcoming one’s fears. “Lula’s First Day Of School” is the creation of published author, Jewelz Collie, a proud Mexican-American mother of four amazing, talented children and a wife to a loving, God-fearing man. She lives in a small rural town outside of Portland, Oregon.
Collie shares, “It’s Lula’s first day of school! School brings exciting new experiences and also new worries and fears. Will she make friends? Will she like her teacher? Will she be able to learn all the new things there are to learn? Journey along with Lula as she discovers where to turn when she is afraid and what she can do to get rid of those nervous butterflies. ‘For God has not given us a spirit of fear, but of power and of love and of a sound mind’ (2 Timothy 1:7 NKJV).”
Published by Christian Faith Publishing, Jewelz Collie’s new book will help young readers overcome their own worries as they witness Lula’s journey of faith.
Consumers can purchase “Lula’s First Day Of School” at traditional brick & mortar bookstores, or online at Amazon.com, Apple iTunes store, or Barnes and Noble.
For additional information or inquiries about “Lula’s First Day Of School,” contact the Christian Faith Publishing media department at 866-554-0919.
Christian Faith Publishing
Media Department
800-955-3794
www.christianfaithpublishing.com
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Pu’er Lancang Ancient Tea Co., Ltd. (“Lancang Tea” or the “Company”, together with its subsidiaries, the “Group”; stock code: 6911.HK), one of the most famous Pu’er tea companies in China, officially listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) this morning.
This Global Offering for Lancang Tea involves 21,000,000 Shares (assuming the Over-allotment Option is not exercised) at a final Offer Price of HK$10.70 per Offer Share. The gross proceeds of the Company from the Global Offering were HK$224.7 million. The Hong Kong Public Offer was oversubscribed with valid applications received for approximately 13.23 times the total number of Offer Shares initially available for subscription, and the International Offer was also oversubscribed by approximately 1.32 times. The final number of Offer Shares under the Hong Kong Public Offer and the International Offer were 2,100,000 shares and 18,900,000 shares, respectively, each representing 10% and 90% of the total number of Offer Shares initially available under the Global Offering prior to the exercise of any Over-allotment Option.
The history of Lancang Tea brand can be traced back to 1966, and Ms. Du Chunyi, the founder and tea master, has been intimately involved in the tea industry for over 57 years, leading Lancang Tea becoming one of China’s most famous brands of Pu’er tea. With stringent quality requirements running through the entire industrial chain, Lancang Tea is among the very few tea companies in China experienced in raw material management, product development, production, end customer reach and membership services. With a focus on Pu’er tea, the products of Lancang Tea covers black tea, white tea, flavored tea and others. According to the F&S Report, Lancang Tea is the third largest Pu’er tea company in China in terms of revenue generated from Pu’er tea products in China. It is expected in the report that the market size of China’s tea leaf market will reach RMB441.2 billion in 2027, and it is expected that the CAGR of Pu’er tea and black tea will exceed 6.5%, while the CAGR of white tea will even reach 17.1%.
With Lan Cang Gu Cha as its core brand, the Company has developed and structured two product lines, i.e., “1966” and “Tea Mama”. Among them, “1966” focuses on the development, manufacturing and sales of classic Pu’er tea leaf products, serving as the bedrock of the Company’s performance with a revenue proportion maintained at over 65%. This product line is highly regarded among Pu’er tea enthusiasts, with several bedrock products, such as fermented Pu’er tea Shining Gold, having track records of successful iterations. In 2014, the Company has capitalized on its rich product development experience in Pu’er tea to launch the “Tea Mama” product line to expand its business into other types of teas, such as black tea, white tea and flavored tea, and employed tea cups and tea bags to enrich the product portfolio. In 2020, 2021 and 2022, the revenue generated from Tea Mama products was RMB94.8 million, RMB126.7 million and RMB144.4 million, respectively. We believe that with a rich product portfolio, Tea Mama will be the next source of growth. In addition, Lancang Tea launched a new product line, Iland Tea, in July 2022. These products can meet various demands from different groups of consumers, such as Pu’er tea enthusiasts, sophisticated tea drinkers, broader mass consumers and new middle-class consumers with stronger purchasing power.
Leveraged on the ability to source high-quality rough tea leaves, accumulation of unique production techniques and stringent quality control measures, Lancang Tea has consistently launched high-quality products, with unique, recognizable and stable flavor, to the market over the years. The vast majority of Lancang Tea’s tea leaves are sourced from Pu’er, Lincang and Xishuangbanna, the three major production areas of Pu’er tea in Yunnan. In particular, Jingmai Mountain in Pu’er hosts some of the largest, oldest and best-preserved ancient tea tree plantations in the world. According to the F&S Report, Lancang Tea was the largest purchaser of rough tea leaves from ancient tea trees in Jingmai Mountain in terms of procurement volume during the Track Record Period. The ancient tea tree plantations in the region have been included in the World Heritage List since September 2023. Having been developing in the region for many years, the Company has established long-term and strong relationships with major cooperatives in Jingmai Mountain, and Company’s brand image and the popularity of its products are expected to be benefited as the plantations has been included in the World Heritage List.
Lancang Tea has established a comprehensive sales network with omni-channel reach, and the national sales network consists of direct sales and distributor sales. As of December 5, 2023, the Company had 559 offline stores, among which 23 were self-operated stores and 536 were distributor-operated stores. As of June 30, 2023, approximately 70% of the distributors had been part of the sales network for more than three years. At the same time, the Company continued to develop its online business, with online shops established on various well-known online platforms including Tmall, WeChat, Douyin, Kuaishou and JD.com. The Company has also expanded its sales network into key account channels including hypermarket chains and platform-operated online stores.
Ms. Wang Juan, an executive Director and the general manager of Lancang Tea, said, “Today is an important milestone for Lancang Tea, the Company’s successful listing on the Hong Kong Stock Exchange demonstrates investors’ confidence in our long-term development. As the first IPO of Pu’er tea in Hong Kong’s capital market, Lancang Tea will continue to carry out its mission of “persevering in craftsmanship to pursue the genuine taste and presenting wholesome tea leaf products” in the future, and fully capitalize the development opportunities of China’s tea industry, and is committed to building a century-old tea brand through various means such as upgrading and building a modern production, logistics and warehousing center, continuing to expand its sales network, increasing efforts on multi-channel expansion across multiple product lines, expanding the capabilities for product research and development, innovation and iteration, and investing in the construction of digital systems to strengthen its brand image and customer recognition.”
Topic: Press release summary
Sectors: Food & Beverage
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From the Asia Corporate News Network
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First Community Living Room launched to improve quality of life of grass-roots families (with photos/video)
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The Chief Secretary for Administration and Chairperson of the Commission on Poverty, Mr Chan Kwok-ki, officiated at the Sham Shui Po Community Living Room Opening Ceremony this afternoon (December 18), to officially start the first project under the Pilot Programme on Community Living Room.
Mr Chan said that the current-term Government has always attached great importance to the well-being of the grass-roots and brought together the strengths of the Government, the business sector and the community to enhance their sense of contentment and happiness. The Pilot Programme on Community Living Room is a new key initiative. As the first flagship project under the programme, the Sham Shui Po Community Living Room provides additional space with diversified facilities and services for grass-roots families to meet their needs in daily lives and social activities, thereby improving their quality of life.
On behalf of the Government, Mr Chan expressed sincere thanks to the Sino Group and the Ng Teng Fong Charitable Foundation for providing the venue as well as the Lok Sin Tong Benevolent Society, Kowloon, as the operator. Other enterprises and district organisations with dedication and capability are also encouraged to join the Pilot Programme on Community Living Room. The Government invites all sectors to act in concert and develop more Community Living Rooms for the benefit of more grass-roots families to build a more caring and inclusive community.
Mr Chan; the Secretary for Labour and Welfare, Mr Chris Sun; the Director of the Ng Teng Fong Charitable Foundation, Ms Nikki Ng; the Executive Director of the Sino Group, Mr Victor Tin; the Permanent Secretary for Labour and Welfare, Ms Alice Lau; the Director of Social Welfare, Miss Charmaine Lee; and the Chairman of the Lok Sin Tong Benevolent Society, Kowloon, Mr Lee Shing-kan, jointly officiated at the plaque unveiling ceremony and listened to Christmas carols performed by mentees of the Strive and Rise Programme, another targeted poverty alleviation project under the Commission on Poverty. They then played games with and presented Christmas gifts to children and parents of over 20 beneficiary households.
Prior to the ceremony, accompanied by other officiating guests, Mr Chan toured the facilities of the Community Living Room, including the reception area, the interview rooms, and the communal living room for doing homework, holding interest classes and group activities, as well as shared cooking equipment and dining area for beneficiary households to cook, dine and mingle. This flagship project provides additional facilities including the self-service laundry, the shower cubicles, the children’s corner and reading room, the sports facilities and the case interview room. Mr Chan and guests visited these shared facilities and services to take a closer look at how they improve the living and community environment of the sub-divided unit households.
“The Chief Executive’s 2023 Policy Address” set out the Pilot Programme on Community Living Room, while embarking on a study to tackle the issue of sub-divided units in the long term. The pilot programme continued to adopt the strategy of tripartite collaboration among the Government, the business sector and the community, under which the business sector provides venues and the Community Care Fund provides funding to commission non-governmental organisations to operate the Community Living Rooms, providing targeted support to sub-divided unit households in the district. The Community Living Rooms offer shared pantries and dining rooms as well as common spaces for doing homework, holding interest classes and group activities, providing sub-divided unit households with additional living space in their respective communities. To strengthen community support for the service targets, the pilot programme also arranges information and talks, and makes referrals to other community services as appropriate. The business sector and local organisations are also approached for in-kind donations (e.g. food or food vouchers) and providing volunteer services (e.g. learning support to students).
Located on 1/F, 188 Fuk Wa Street, the Sham Shui Po Community Living Room will operate for a period of three years and is expected to serve at least 500 sub-divided unit households, with about 80 000 attendances a year.
kkplus kidsland, a trendy toy platform of Kidsland International Holdings Limited (“Kidsland” or the “Group”; stock code: 2122), the largest toy retailer and distributor in China, partnered with Champion REIT (stock code: 2778) to bring about the popular IP Care Bears(TM) at Grand Atrium, 4th Floor, Langham Place from 10 November to 1 January. This is the first Christmas large-scale Care Bears project in Hong Kong. The program achieved an impressive sales performance of over HK$1 million during the first weekend, having seized the opportunities presented by the trend and the new generation of customers. Care Bears originated from the American greeting card designs of the 1980s. Each character has a different color and pattern, making them highly sought after by the new generation of customers. This project integrates the millennium Y2K elements as the core of the design, with the “Care Bears Express” Christmas train as the theme, creating a series of festival-themed photo opportunities. As well as 30 Care Bears in different roles and a special train compartment with 300 Care Bears, there is a giant two-meter high Grumpy Bear, a five-meter high giant Christmas tree, and a 40-meter Care Bears rainbow ladder. In addition, a pop-up store has been set up to attract Generation Z with over 100 kinds of Care Bears products and winter fashion items, allowing them to take photos and shop. Mr. Lee Ching Yiu, Chairman and CEO of Kidsland, said, “Through the trendy toy platform kkplus kidsland, Kidsland actively cooperates and interacts with brands from different fields, aiming to bring trendy and collectible toy products from around the world to customers. In view of the consumption potential of the new generation, the Group is offering a Y2K experience with Langham Place, a trendy hotspot for chic consumers that is popular among young customers. This initiative aims to meet market needs and trends, helping the Group expand its customer reach and drive sales growth.” kkplus kidsland is a multi-brand trendy and collectible toy platform that offers unique product categories and an art gallery-style shopping experience. In addition to local brands in Hong Kong, it also collaborates with international brands from the United States and Japan, including the launch of a number of products in collaboration with well-known IPs that are popular worldwide, such as Creamy Mami, Care Bears, Lulu the Piggy, Leeeeeetoy, etc. The Group continues to innovate and now has a diversified product portfolio of more than 20 brands from around the world and 15 local brands, catering to different tastes and preferences and tapping into the fast-growing trendy toy market. About Kidsland International Holdings Limited(stock code: 2122) Kidsland International Holdings Limited (“Kidsland” or “the Group”) is engaged in the retail, wholesale, e-commerce and brand operation of toys and related lifestyle products in China. As a leading toy retailer and distributor in China, Kidsland has over 20 years of industry experience and represents a portfolio of world-renowned, category-leading brands. The Group owns a well-established online and offline sales network in China. Currently, its self-operated offline retail system includes kidsland stores, LEGO Certified Stores, FAO Schwarz flagship store and kkplus kidsland. Media Enquiry: Strategic Financial Relations Limited Vicky Lee Tel: (852) 2864 4834 Email: sprg_kidsland@sprg.com.hk Katrina Hui Tel: (852) 2114 4318 Email: sprg_kidsland@sprg.com.hk www.sprg.asia kkplus kidsland launches Hong Kong’s first Christmas large-scale Care Bears project, Turnover exceeds HK$1 million in the first weekend
Topic: Press release summary
