Hong Kong – Pilotage service to resume

Pilotage service to resume

**************************


Attention duty announcers, radio and TV stations:

Please broadcast the following as soon as possible and repeat it at suitable intervals:

     The Marine Department has received notification from the Hong Kong Pilots Association Limited that the pilotage service will partially resume from 4am tomorrow (July 18), and will fully resume when weather conditions improve. Shipowners, agents, masters and other port users are advised to pay attention.

Hong Kong – Service suspension of Children Community Vaccination Centre, Private Clinic COVID-19 Community Vaccination Stations and outreach teams of Home Vaccination Service

Service suspension of Children Community Vaccination Centre, Private Clinic COVID-19 Community Vaccination Stations and outreach teams of Home Vaccination Service

******************************************************************************************


Attention duty announcers, radio and TV stations:

Please broadcast the following as soon as possible and repeat it at suitable intervals:

     The Government today (July 17) announced that, as the Tropical Cyclone Warning Signal No. 8 is now in force, the Children Community Vaccination Centre (CCVC) and Private Clinic COVID-19 Vaccination Stations (PCVSs) under the COVID-19 Vaccination Programme will remain closed and their vaccination service will be suspended. 

     If the Tropical Cyclone Warning Signal No. 8 is cancelled before 1pm today, the CCVC and PCVSs will reopen and resume vaccination service two hours after the cancellation and they will operate until the normal closing time.

     Affected persons can make a new vaccination appointment through the booking system on the website of the COVID-19 Vaccination Programme (booking.covidvaccine.gov.hk) from tomorrow (July 18) .

     The Home Vaccination Service scheduled today has also been cancelled. The relevant medical organisations will contact affected persons for updated vaccination arrangement.

Tat Hong Equipment Service Co., Ltd. Announces 2022/23 Annual Results

Tat Hong Equipment Service Co., Ltd. (“Tat Hong” or the “Company”, together with its subsidiaries, the “Group”) (Stock Code: 2153), the first foreign-owned tower crane service provider established in the PRC, has announced its annual results for the year ended 31 March 2023 (“FY2023” or the “Year”).

In FY2023, the Group recorded revenue of approximately RMB770.8 million, representing a decrease of RMB96.3 million or 11.1% from the year ended 31 March 2022. Loss attributable to equity holders of the Company for the Year amounted to RMB35.8 million, as compared with a profit attributable to equity holders of the Company of approximately RMB47.6 million for the year ended 31 March 2022. This was primarily due to (i) the dramatic increase of exchange loss of approximately RMB37.2 million arising from foreign currency loans and other exchange risk; and (ii) the decrease in revenue due to the outbreak of COVID-19 and the corresponding control measures particularly in Eastern China, which resulted in the delay and postponement of some projects thereby affected the Group’s revenue. Our average monthly service price of tower cranes per tonne metres (TM) in use decreased from RMB279.0 to RMB241.0. The overall gross profit and gross profit margin decreased to RMB173.2 million and 22.5%, respectively.

The Group’s total tonne Metres (TM) in use increased from 3,112,084 for the year ended 31 March 2022 to 3,192,710 for the year ended 31 March 2023. As at 31 March 2023, the Group had 281 projects in progress with a total outstanding contract value of approximately RMB566.7million and 44 projects on hand with a total expected contract value of approximately RMB 114.5 million. Of these projects, the Group expects to complete approximately RMB 544.6 million worth of contract work by the end of 31 March 2024, demonstrating solid earnings visibility.

While the PRC market was adversely affected by the COVID-19 outbreak and subsequent pandemic containment measures throughout 2022, the Group proactively optimized its operation and management. The Group’s subsidiaries expanded their digital management with the self-developed software “TOP” and “iSmartCon”, which improved the efficiency of management and operations. The Group has continued to refine and adjust internal processes to further enhance its business operations. At the same time, the Group strove to seek quality projects and actively pursued business contracts in the clean energy, infrastructure and public construction sectors, especially in delivering services with large-scale tower cranes, so as to improve its business and financial performance in the next reporting period.

Mr. Sean Yau, CEO of Tat Hong Equipment Service Co., Ltd. said, “Against the backdrop of economic recovery and the introduction of favourable policies in the region, China’s infrastructure investment and real estate markets are gradually picking up. Together with the ‘Outline of the 14th Five-Year Plan and 2035 Long-range Objectives’ and the national development goals such as ‘expanding domestic demand, accelerating the construction of a modern industrial system and promoting a green transformation of development methods’ mentioned at the ‘Two Sessions’, it is believed that a number of major infrastructure projects will be launched, including traditional infrastructure, new infrastructure and energy projects, which will provide the Group with tremendous business development opportunities. At the same time, given the development opportunities in the Greater Bay Area, the Group has adjusted its internal structure and incorporated two new companies in the South to respond to the opportunities in the area.”

Mr. Roland Ng, Chairman of Tat Hong Equipment Service Co., Ltd. concluded, “With the pandemic subsiding and work and production resuming smoothly, the PRC has launched a series of industry subsidy policies and programs to promote economic development. We have entered the post-pandemic era, where both opportunities and challenges exist. Looking ahead, the Group will continue to be guided by the core values of ‘Virtue, Safety
and Excellence”, and will further improve and focus on the Group’s strategic goals for sustainable development. By improving digital management across the Group, we can share resources, reduce costs and improve efficiency, while aggressively pursuing international business. This series of measures can also improve operating efficiency and achieve the Group’s goal of becoming the ‘best construction equipment service provider’.”

About Tat Hong Equipment Service Co., Ltd. (Stock Code: 2153)
Tat Hong Equipment Service Co., Ltd. is the first foreign-owned tower crane service provider established in the PRC. Since 2007, the Group has established as a tower crane service provider for one-stop tower crane solution services from consultation, technical design, commissioning, construction to after-sales services primarily to Chinese Special-tier and Tier-1 EPC contractors. Guided by its core values, “Virtue, Safety and Excellence”, the Group has successfully established its market position and maintained stable, reputable and loyal customer base in the construction industry in the PRC.

Media Enquiries
Strategic Financial Relations Limited
Heidi So Tel: (852) 2864 4826 Email: heidi.so@sprg.com.hk
Mel Lai Tel: (852) 2864 4855 Email: mel.lai@sprg.com.hk


Topic: Press release summary

New Payroll Service Quote Tool

 Corporate Payroll Services (“CPS”), one of the largest independent payroll providers in the U.S. with over 7,000 business customers, has released a new online tool for anyone to get an instant quote for their payroll services.

After inputting information like how often they pay, how many employees they have, and any other options they need, the site will automatically update pricing and show the cost of running payroll each pay period. Common additional services may be selected which gives business owners a total cost to compare against other service providers.

Using the quote tool is free, and it may be accessed anytime at https://www.cpsgo.com/pq/ without entering any contact information. If users want a copy of the quote, they simply enter their email address to receive a copy. If they wish to speak with a company representative, users can call or enter their contact information.

CEO Joe Beverly said, “We designed this tool to be an asset for prospective clients to see how much they can save each pay period running their payroll and other HR services through Corporate Payroll Services. As shown by our Net Promoter Scores, our customer satisfaction ratings are much better than our major competitors, and many customers see substantial savings with us.”

About CPS: Corporate Payroll Services is headquartered in metro Atlanta, GA, with offices in four additional states and provides payroll services to companies in all U.S. states and territories. The company also offers business insurance, group medical plans, 401(K) plans, workers comp and other HR-related services. CPS has grown every year for the last 32 years and serves over 7,000 businesses from one employee to thousands of employees.

Corporate Payroll Services
Joe Ketterer
678-539-9807
https://www.cpsgo.com

ContactContact

Categories

  • Banking & Financial Services
  • Business
  • Finance
  • Human Resources
  • Small Business Services
  • Technology

Hong Kong – Service reactivation arrangements for deactivated pre-paid SIM cards not having completed real-name registration before deadline

Service reactivation arrangements for deactivated pre-paid SIM cards not having completed real-name registration before deadline

******************************************************************************************


     The Government announced today (February 24) that users of pre-paid SIM cards (PPS cards) which have been deactivated for not having completed their real-name registration by the deadline can register to reactivate the service within the validity period of the cards. Such registration can be completed via an electronic registration platform by following the instructions at the hyperlink of the final SMS notification reminder sent by their respective telecommunications service providers just before the registration deadline under the name “SIMREG” (see Annex 1). Users can also complete the relevant procedures at the retail outlets of their respective telecommunications service providers.
      
     Depending on the number of such registrations, the telecommunications service providers are committed to reactivating the service of the PPS cards concerned within a short period of time. Users may need to restart their mobile phones for reactivation of service. They may contact their respective telecommunications service providers for further enquiries.
      
     To assist users in need, the real-name registration service counters set up by the Government at 18 designated post offices (see Annex 2) will continue to provide support service for free until the end of March. Users should bring along their Hong Kong identity card, the PPS card to be registered and their mobile phone, and provide information on the Hong Kong identity cards (including Chinese and English names, date of birth, Hong Kong identity card number and a copy of the identity card) for the registration.
      
     Starting from today, all SIM cards issued and used locally (including SIM service plans and PPS cards) must have their real-name registration completed before activation or continuation of service. A transitional period of around one year from March 1, 2022, to February 23, 2023, had been provided under the real-name registration programme to allow sufficient time for users who wish to continue using their existing PPS cards to complete the registration with their respective telecommunications service providers. As at yesterday, around 12 million SIM cards had completed real-name registration, which was in line with expectations.
      
     The Government notes that users may purchase new PPS cards from time to time due to different promotions or personal needs (such as for back-up, providing additional mobile data, or short-term use by visitors). These users may not choose to register those PPS cards which are no longer in use upon expiry or exhaustion of the pre-set value.
      
     Since the relevant legislation of the real-name registration programme came into force in September 2021, the Government has maintained close liaison with telecommunications service providers and held 18 meetings so far to ensure the smooth implementation of the programme. The telecommunications service providers have also reminded and encouraged PPS card users to complete registration early through different proactive measures and initiatives.
      
     The Government has launched a series of multimedia publicity initiatives in the past year through television (trailers, interviews, featured reports, sitcoms, etc), radio, newspapers, a thematic webpage (www.ofca.gov.hk/simreg), social media platforms, public transportation and district visits, etc to widely promote how to complete real-name registration and appeal to users to register as soon as possible. Publicity materials are also available in eight different languages to cater for the needs of ethnic minorities.
      
     To further enhance the support for users in need, apart from setting up service counters in 18 designated post offices from May 30 last year, the Government also set up support stations at 25 designated MTR stations from late last year. The service counters and support stations have handled over 80 000 enquiries and registrations so far. Separately, the hotline of the Office of the Communications Authority (OFCA) has handled nearly 10 000 enquiries.
      
     The Government has all along collaborated with different social welfare agencies and district organisations to assist individuals in need (in particular the elderly) to complete real-name registration through home visits, outreach activities and offices of the district organisations. The Government has arranged trainings for volunteers from more than 200 social welfare agencies and district organisations, and conducted more than 25 visits to elderly centres and residential care homes for the elderly to assist elderly persons to complete registration on the spot.
      
     The implementation of the real-name registration programme seeks to plug the loophole arising from the anonymous nature of PPS cards to assist law enforcement agencies in the detection of crimes involving the use of PPS cards, thereby safeguarding the integrity of telecommunications services and the security of the communications networks, as well as law and order. 
      
     The Government again thanked the telecommunications service providers and relevant social welfare agencies and district organisations for their full support during the past year or so in implementing this important policy initiative in a concerted manner. The Government will continue to undertake a series of monitoring and enforcement actions with the Communications Authority to ensure the effective implementation of the real-name registration programme.
      
     For more information regarding the real-name registration programme, please visit the thematic webpage (www.ofca.gov.hk/simreg) or call the OFCA’s hotline (2961 6699).