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NOTICE PROVIDED BY I-Tiger Global Investment Management Limited LOS ANGELES, Nov. 29, 2023 /PRNewswire/ -- TAKE NOTICE that a petition for an order that AIRSTREAM INVESTMENT LTD., whose registered office is situated at c/o Hermes Corporate Services Ltd., 5th Floor, Zephyr House, 122 Mary Street, George Town Grand Cayman KY1-1206, Cayman Islands. (the "Company") be put into liquidation and wound up in accordance with the provisions of the Companies Act (2023 REVISION) has been presented to the Grand Court of the Cayman Islands, CAUSE NO: FSD 329 OF 2023 (IKJ). The petition was presented by I-Tiger Global Investment Management Limited a Cayman Islands Exempted Company, with its registered office at Harneys Fiduciary (Cayman) Limited, 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, George Town, Grand Cayman KY1-1002, Cayman Islands (the "Petitioner"). Copies of the petition and supporting affidavits may be obtained free of charge from the Petitioner's attorneys, Conyers Dill & Pearman LLP at SIX, Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, Cayman Islands KY1-1111. The Petition seeks an order that Samuel Cole and Mitchell Mansfield of Kroll (Cayman) Ltd., Strathvale House, 3rd Floor, 90 North Church Street, PO Box 30847, Grand Cayman KY1-1204, Cayman Islands be appointed as official liquidators of the Company. AND FURTHER TAKE NOTICE that the hearing of the petition will take place on 18th December 2023 at the Law Courts, George Town, Grand Cayman at 9:30 a.m. Any creditor or shareholder of the Company may be heard on the questions whether or not a winding up order should be made and, if a winding up order is made, who should be appointed as joint official liquidator(s) of the Company. Any creditor or shareholder who opposes the appointment of Samuel Cole and Mitchell Mansfield must nominate an alternative qualified insolvency practitioner(s) who consents to act and who has sworn an affidavit complying with the requirements of the Companies Winding Up Rules (2023 Consolidation), Order 3, Rule 4. Any person who intends to appear and be heard on the hearing of the petition shall give at least 3 days' notice of that person's intention to the Petitioner's attorneys.
News Summary: Cisco delivers seamless integration between ThousandEyes and Amazon CloudWatch Internet Monitor. ThousandEyes' unmatched cloud and Internet visibility combined with AWS's Internet health and performance insights will allow a complete view of an application's entire service delivery path, across private environments, the public Internet and into AWS's network. Customers benefit from new operational insights and recommendations enabling them to optimize deployments and assure exceptional digital experiences for any AWS-hosted application. LAS VEGAS, Nov. 29, 2023 /PRNewswire/ -- AWS re:Invent -- Today at AWS re:Invent 2023, Cisco (NASDAQ: CSCO) announced new integrations between Cisco ThousandEyes and Amazon CloudWatch Internet Monitor (CWIM), a new Internet monitoring service from Amazon Web Services (AWS). The first-of-its-kind integration empowers customers with unparalleled visibility into their cloud deployments, enabling them to deliver unmatched optimized digital experiences. With this new integration, customers can leverage operational insights to ensure optimal placement of AWS instances and monitoring coverage based on user traffic profiles. This integration comes on the heels of ThousandEyes announcing AWS Network Path Enrichment, giving customers deeper visibility into AWS by enriching ThousandEyes Path Visualization with data from AWS data sources—helping customers work more collaboratively with providers to resolve issues that are impacting application performance. Building upon the existing relationship between AWS and Cisco, the new integration demonstrates Cisco's deep commitment to its end-to-end network assurance vision. Cisco securely and sustainably connects everyone to everything and assures the digital experience of every one of those connections. By working with AWS, Cisco is delivering on its promise to provide visibility into every domain that impacts digital experience—whether user, enterprise, Internet, or cloud—so it can ultimately provide artificial intelligence (AI)-driven insights, recommendations, and remediations to support the digital transformation of every customer, wherever they are on their journey. "Since launching one year ago, Amazon CloudWatch Internet Monitor has delivered real-time insights into the traffic and performance of our customers' AWS VPCs, CloudFront distributions, and Workspaces towards Internet destinations. In-depth Internet visibility is critical to our customers, so we're excited to combine forces with ThousandEyes to provide a comprehensive view of Internet health." — Robert Kennedy, VP of AWS Border Network Engineering, AWS "Connectivity is key to Sutherland's business model and to our customer interactions. Cloud visibility is a big part of that and with ThousandEyes' end-to-end visibility all the way from our employees' home environments to AWS, we're able to quickly catch and resolve issues which allows us to deliver consistent high-quality application experiences to both our employees and customers."—Ted Sanfilippo, VP Infrastructure, Head of Global Network Services and GTOC, Sutherland "Customers today need to assure digital experiences over any network—the ones they own and the ones they don't. As the leader in Internet visibility, Cisco is on a mission to deliver unmatched, end-to-end network assurance. Today's integration with AWS demonstrates our shared commitment to empower our customers to more effectively monitor and manage their cloud environments."— Mohit Lad, Senior Vice President and General Manager, Network Assurance, Cisco, and Co-Founder, ThousandEyes For more information and live demos visit ThousandEyes at AWS re:Invent at booth #1621. Join our Lightning Talk on the exhibit floor: NET102-S, "Extending ThousandEyes visibility to the AWS network," November 28 at 3:30 PM - 3:50 PM (PDT) Availability The Amazon CloudWatch Internet Monitor integration will be available in Cisco ThousandEyes in spring 2024. The ThousandEyes platform is available for purchase today in AWS Marketplace. Additional Resources ThousandEyes Announcement Blog AWS Marketplace: Cisco Cisco at AWS re:Invent 2023 Additional Cisco news at AWS re:Invent About CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
SINGAPORE, Nov. 29, 2023 /PRNewswire/ -- Wonder Technologies PTE. LTD ("Wonder Tech" or "the Company"), a leading AI-driven mental health solutions company based in Singapore, has reached a breakthrough in its acoustics-based AI for depression screening. The AI model, which identifies depression through detecting nuanced vocal changes, has reached an industry-leading 83% in detection accuracy, surpassing the 80% threshold required for clinical depression detection. With this milestone, Wonder Tech has proven its potential to enable a scalable and adaptable diagnostic tool to help the one billion people affected by mental health disorders worldwide. By analyzing a 60-second voice sample, Wonder Tech's voice AI platform can detect and continuously monitor the risk of mental health conditions, categorized on varying levels of severity, to enable personalized treatment in a clinically reliable and scalable way. This breakthrough was achieved in collaboration with Prof. John Wong at the National University Hospital (NUH) as well as Singapore's top psychology and medical research institutes. Wonder Tech also received financial and clinical support from Singapore's Ministry of Health to scale out the solution with leading mental health institutes. Wonder Tech's AI model is unique in that it's pure acoustics-based rather than language-based. Since it does not rely on the content of speech and only requires a 60-second voice sample, the AI model can effortlessly adapt to virtually all languages while maintaining clinical accuracy. Additionally, the solution is hardware-independent, allowing implementation on consumer-grade smart devices, such as smartphones. These flexible features address the critical issues of adaptability and scalability, significantly improving accessibility to an accurate and immediate depression diagnostic tool. Depression can cause psychomotor function changes that impair cognitive and vocal cord functions. The effects are often exhibited in pitch, intensity, aspiration, jitter and other characteristics in voice. Wonder Tech's acoustics-based AI system can accurately assess for depression by detecting these subtle signs (objective biomarkers) using a large AI model with over 300 million parameters. Wonder Tech's solution is the first acoustics-based AI model for depression screening trained using multidimensional, clinically validated datasets following the Diagnostic and Statistical Manual of Mental Disorders 5th Edition (DSM-V), which is the gold standard for diagnosis of mental health conditions. Mental health disorders are prevalent worldwide. By 2030, global loss in productivity for major depressive disorder alone is forecasted to reach US$16 trillion. In the U.S., 21% of adults—nearly one in five—experienced a mental health condition in 2020. Similar trends have been observed in the Middle East, where two-thirds of respondents in a McKinsey Health Institute survey reported poor mental health or a mental health condition diagnosis. To broaden the applications of its solution for greater impact, Wonder Tech is working on adapting its AI model to screen for various disorders, including anxiety, bipolar disorder and schizophrenia. "Socioeconomic barriers continue to hinder access to treatment for the one billion people experiencing mental health disorders worldwide," said Wendy Wu, Founder and CEO of Wonder Tech. "In Singapore alone, anxiety and depression have been estimated to cost around S$16 billion (US$11.7 billion) in lost productivity annually, the equivalent to 2.9% of the nation's GDP. Globally, depression and mental health disorders result in a staggering US$1 trillion in lost productivity each year, underscoring an urgent need to improve their care systems." Depression has been estimated to have a 65% misdiagnosis rate. To resolve this issue, Wonder Tech has introduced its AI system as a B2B Software-as-a-Service (SaaS) to global healthcare facilities and enable hardware integration. The system is currently integrated with online healthcare platforms for early detection of mental health conditions. This ensures care providers can offer effective and timely personalized mental health treatment. It also couples with existing chronic disease prevention and management systems to improve patients' mental health, especially for cardiovascular disease and cancer patients, to increase the cure rate and decrease claims for insurance providers. This system has received positive feedback from enterprise employee benefit programs, government healthcare programs for remote areas, postpartum depression prevention programs and senior care communities. Supported by Singapore's Ministry of Health & Temasek Foundation, Wonder Tech is currently collaborating with SingHealth in a broader piloting program in Singapore. The Company is preparing its solution for global English-speaking populations. About Wonder Technology Wonder Tech is a Voice Al platform for mental health. Our biomarker technology empowers full cycle of mental health solutions from screening, monitoring & personalized solutions for healthcare platforms, online hospitals, employee benefit programs, production safety, and insurance providers. Learn more at www.wondertech.ai. Media ContactFrank Yufrank@wondertech.ai
BEIJING, Nov. 28, 2023 /PRNewswire/ -- MicroCloud Hologram Inc. (NASDAQ: HOLO) ("HOLO" or the "Company"), a Hologram Digital Twins Technology provider, today announced that its subsidiary is providing CMS for China's largest new energy vehicle company. By signing the Generalized Streaming Media Control System (CMS) Development Agreement, HOLO is expected to usher in a breakthrough in the new energy vehicle business. The new energy vehicle company, the largest new energy vehicle company in China, is also the largest new energy vehicle company in the world in terms of sales volume. By October 2023, the new energy vehicle company's cumulative sales of cars this year have exceeded 2.3 million. The company has sold its products to more than 400 cities in over 70 countries and regions around the world. According to the agreement, HOLO provides the design and development program of a common (including SG, ESEA, and SU models) streaming media control system. Its main contents are as follows: first, providing hardware and software design solutions for the system, which are divided into solutions for the three modules of camera, controller and display. Second, providing solutions for data analysis, optical analysis, platform-based analysis, system analysis, and imaging analysis. Third, to do the relevant EMC, performance, environment and other tests and delivery in the way satisfied by the new energy vehicle company. Fourth, verify the above solutions together with the company. Fifth, if there is a need to change the condition of the new energy vehicle models (e.g. SG, ESEA, SU), we will cooperate with the vehicle company to complete the change. Sixth, reserve expandable artificial intelligence (AI) functions. HOLO will provide integrated holographic vision software and hardware solutions for new energy vehicles, including holographic light detection and ranging solutions based on holographic technology, holographic vision point cloud algorithm architecture design, technical hologram solutions, holographic light sensor chip design, and holographic vehicle intelligent vision technology. Providing new energy vehicle companies with holographic advanced driver assistance system (ADA) software and hardware development services. Given this new energy vehicle company is China's largest company in the field of new energy vehicles, and also acclaimed for the largest sales volume of new energy vehicles in the world, the enterprise has occupied a huge market, which means the cooperation between the two listed company's will bring positive financial impact on the overall operating income of the two sides. About MicroCloud Hologram Inc. MicroCloud Hologram Inc. engages in the research and development, and application of holographic technology. MicroCloud Hologram technology services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems (ADAS). MicroCloud Hologram provides its holographic technology services to its customers worldwide. MicroCloud Hologram also provides holographic digital twin technology services and has a proprietary holographic digital twin technology resource library. MicroCloud holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. Safe Harbor Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release, as well as the Company's strategic and operational plans, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.
LOS ANGELES, Nov. 28, 2023 /PRNewswire/ -- Black Friday traditionally has been known as one of the most anticipated shopping events, and it proved to be no different for the laser engraving industry. As a leading provider of laser engraving machines, Monport Laser is proud to announce its outstanding success in achieving millions in sales during the recent Black Friday event. The event, hosted on the company's website, was met with an overwhelming response from customers, solidifying Monport's position as a trusted and preferred brand in the industry. The Monport Black Friday event showcased a wide range of Monport's cutting-edge laser engravers and accessories, all available at up to 60% off. Customers were able to take advantage of significant discounts and bundle offers, making it an ideal time to invest in high-quality laser engraving and cutting machines. Resounding Reception for Monport Laser's Offerings "We are thrilled with the resounding success of our Black Friday event in the laser engraving industry," said John Doe, CEO of Monport Laser. "Our team's tireless efforts in creating exceptional products, combined with the remarkable discounts we offered, have undoubtedly resonated with our customers. This achievement reinforces Monport Laser's standing as an industry leader and we are grateful for the trust placed in our brand." The company remains committed to achieving 100% customer satisfaction, evidenced by the quality, performance, and precision of its machines. Monport Laser's products are engineered to reflect the highest standards of safety, with user-friendly designs that are convenient to operate. Whether a hobbyist seeking to unleash their artistic skills or a business looking to ramp up their engraving capabilities, Monport Laser's offerings are versatile and provide an excellent return on investment. Ongoing Event - More Opportunities for Customers In addition to the remarkable success on Black Friday, Monport Laser continues to offer ongoing deals and promotions as part of its extended event. Customers can still take advantage of up to $2500 off and explore the extensive lineup of laser engravers and cutting machines. In addition, When customers purchase any Fiber Laser Engraver or 80W+ CO2 Laser Engraver from Monport Laser, they will receive the opportunity to select two free accessories of their choice or receive a gift card worth $150. With the event still in progress, individuals and businesses can benefit from investing in top-of-the-line equipment at unprecedented prices. Revealing The Star Laser Engraving Machines Of The Black Friday Event During the Monport Black Friday event, the 55W Desktop and the GI60 fiber laser cutter emerged as the most sought-after machines. The Monport ONYX 55W Desktop CO2 Laser Cutter with an upgraded rotary axis proved to be a popular choice for hobbyists and commercial applications. This compact and high-quality machine offers powerful performance, ensuring a safer engraving experience and producing impeccable works. It is ideal for those looking to enhance their engraving capabilities without sacrificing space or budget. On the other hand, the GI Integrated MOPA Fiber Laser gained significant attention from professionals and larger businesses. This advanced laser engraver marking machine boasts cutting-edge design, precise electric focus lifting, and vibrant color-marking capabilities. With options available in 20W, 30W, and 60W models, it offers exceptional marking capability and is fully compatible with LightBurn software. Both machines offer impressive features and are highly versatile. They demonstrate Monport Laser's commitment to providing innovative and high-quality engraving solutions that cater to a wide range of customer needs. Click here to learn more about the ongoing Black Friday event and explore Monport Laser's full range of products. Company: Monport Laser Contact email: official@monportlaser.com Pre-sales Phone: (+1)332-251-1208 Monport Laser Website: https://monportlaser.com/ Monport Address: Monport Tech Inc. 300 LENORA ST 878, SEATTLE, WA, 98121-2411, UNITED STATES
Proposed an interim dividend of HK8.0 cents per shareHighlights: Revenue increased by 20.0% to approximately HK$1,237.8 million. Gross profit increased by 22.4% to approximately HK$446.3 million, gross profit margin increased by 0.8 percentage points to 36.1%. Profit attributable to owners of the Company increased by 34.8% to approximately HK$110.6 million. As at 30 September 2023, the Group operated a total of 165 chain retail stores, representing an increase of 21 stores as compared with the Corresponding Period Last Year Basic earnings per share was HK11.1 cents. The Board recommended the payment of interim dividend of HK8.0 cents per share. Financial Highlights: For the 6 months ended 30 Sep HK$'000 2023 2022 Change Revenue 1,237,781 1,031,896 +20.0% Gross profit 446,265 364,712 +22.4% Gross profit margin 36.1% 35.3% +0.8 p.p. Profit attributable to owners of the Company 110,636 82,049 +34.8% Basic earnings per share (HK cents) 11.1 8.2 +34.8% Interim dividend per share (HK cents) 8.0 8.0 - HONG KONG SAR - Media OutReach - 28 November 2023 - Best Mart 360 Holdings Limited ("Best Mart 360" or the "Company", together with its subsidiaries, the "Group"; stock code: 2360.HK), a leading leisure food retailer in Hong Kong Special Administrative Region ("Hong Kong"), announced its interim results for the six months ended 30 September 2023 ("the Period under Review"). During the Period under Review, the revenue recorded by the Group amounted to approximately HK$1,237,781,000 representing an increase of approximately 20.0% as compared to approximately HK$1,031,896,000 for the six months ended 30 September 2022 (the "Corresponding Period Last Year"). Profit attributable to owners of the Company amounted to approximately HK$110,636,000 during the Period under Review (for the six-month period ended 30 September 2022: approximately HK$82,049,000), representing the period-on-period increase of approximately 34.8%. During the Period under Review, gross profit and gross profit margin of the Group were approximately HK$446,265,000 and 36.1%, representing an increase of 22.4% and 0.8 percentage points as compared to gross profits of approximately HK$364,712,000 and gross profit margin of approximately 35.3% for the Corresponding Period Last Year, respectively. The increase was underpinned by the Group's steady expansion strategy, increase presence in strategic store locations, apt adjustment of sales tactics coupled with the optimization of product mix during the Period under Review. During the Period under Review, basic earnings per share of the Group was approximately HK11.1 cents (for the six months ended 30 September 2022: HK8.2 cents). The Board recommended the payment of interim dividend of HK8.0 cents per share. BUSINESS REVIEW CHAIN RETAIL STORES As at 30 September 2023, the Group operated a total of 165 chain retail stores (30 September 2022: 144 stores), including 156 chain retail stores, 7 chain retail stores and 2 chain retail stores in Hong Kong, Macau Special Administrative Region ("Macau") and the People's Republic of China (the "PRC") , respectively (30 September 2022: 136 stores, 6 stores and 2 stores, respectively). During the Period under Review, the Group followed our store optimisation strategies, which include expanding store spaces, providing better shopping environment, and incorporating the in-store display with our diversified product mix to enhance the brand image. The Group is persevering its search for stores in various districts to extend its retail coverage. The Group launched a new global wine and food shop "FoodVille" in 2021, which focuses on medium-to-high-end global quality food products, including fine wines from around the world, premium chocolates, health food, frozen food, western sauces and ingredients, etc., in order to cater to the market's pursuit of a high quality of life and to broaden the Company's customer bases. As at 30 September 2023, the Group operated 6 shops (30 September 2022: 3 shops) under the relevant retail brands. For the six months ended 30 September 2023, the ratio of rental expense (on cash basis) to sales revenue of the Group's retail stores was approximately 9.8% (for the six months ended 30 September 2022: approximately 10.4%), representing a decrease of approximately 0.6 percentage point as compared with the Corresponding Period Last Year. THE PRODUCTS During the Period under Review, the Group adhered to its global procurement policy by sourcing a broad spectrum of products worldwide to provide a diversified range of choices for customers. For the six months ended 30 September 2023, the Group has sold more than 1,140 brands and over 3,400 SKUs of products in total, offering customers a diversified range of choices. The Group continues to optimise its product portfolio, out with the old in order to make room for the latest products and flavours to stay abreast with change in customer demands. In order to enrich our product mix, enhance the effectiveness of control over product qualities and supplies and increase profitability, the Group continued to actively develop its private label products during the period, recording a net addition of 183 SKUs. For the six months ended 30 September 2023, sales derived from private label products amounted to approximately HK$192,986,000 (for the six months ended 30 September 2022: approximately HK$151,064,000), representing an increase of approximately 27.8% as compared with the Corresponding Period Last Year and accounted for approximately 15.6% of the Group's overall revenue for the Period under Review. The Group has a total of 11 private labels and approximately 214 SKUs of products during the Period under Review, including masks, canned Chinese delicacies, cereals, milk, honey, nuts and dried fruits as well as a wide range of leisure food products. MEMBERSHIP SCHEME AND MARKETING & PROMOTIONAL ACTIVITIES As at 30 September 2023, the number of the Group's registered fans and members was 2,087,700 (30 September 2022: approximately 1,931,400), representing a period-on-period growth of approximately 8.1%. The number of mobile app members has reached approximately 980,000 as at 30 September 2023, representing an increase of approximately 20.2% from approximately 815,100 of the Corresponding Period Last Year. This year marks the 10th anniversary of the Group's establishment. The Group conducted various marketing and promotional activities including a series of special offers for selected quality products to express our gratitude for our customers' support over the years, which greatly increased the discussions about the Group in the market. EMPLOYEES As at 30 September 2023, the number of full-time and part-time employees of the Group was 1,226 (30 September 2022: 1,167). In order to retain staff and to suitably incentivise employees of the Group so as to increase staff cohesion and loyalty, the Group regularly reviews and updates its employee benefit plans and remuneration packages with reference to labour market supply and labour cost trend, as well as individual performance. Staff costs (excluding Directors' emoluments) of the Group for the six months ended 30 September 2023 accounted for approximately 9.1% of revenue (for the six months ended 30 September 2022: approximately 9.4%) representing a decrease of approximately 0.3 percentage point as compared with the Corresponding Period Last Year. OUTLOOK Early this year, the Hong Kong Government formally relaxed the restrictions on the entry of tourists as well as the local anti-epidemic measures, encouraging the recovery of Hong Kong's tourism and retail industries and revitalising the business market ambiance. The Group, carrying a prudent and optimistic outlook, will continue to explore different development opportunities, closely monitor market changes and make prompt adjustments to its business strategies, so as to maximise returns for shareholders and investors. Looking ahead, while the pace of global economic recovery is expected to slow down due to the high interest rate environment and geopolitical tensions, it is believed that the Hong Kong Government's various measures will bring some support to the local consumer market. The Group plans to pragmatically expand our retail network, with a target of achieving a net increase of 15–20 retail stores annually to cater the diversified demands of different customer segments for quality food products under our "dual-brand" model. The "Best Mart 360°" brand will primarily focus on mass market, while the "FoodVille" brand will target the medium-to-high-end market. Leveraging the diversified product structure and shop atmosphere, the Group will strengthen the two brands' differentiation and thereby attracting a broad spectrum of customers. The Group completed the introduction of China Merchants Hoi Tung Trading Company Limited (the "CMHT") as a major shareholder during the Period Under Review. The Board believes that with the substantial strategic support of CMHT, the Group's business development will be further accelerated, promoting sustainable growth and synergy maximisation. The Group will continue to uphold its business mission in offering products with the "Best Quality" and "Best Price" to its customers. Leveraging the extensive cooperation network and resources of CMHT, the Group will endeavour to improve its supply chain, optimise its sales categories and maintain its price competitiveness. Furthermore, the Group will proactively source a diversified range of food products worldwide as well as step up the development of its private label products, aiming not only to satisfy market demand for daily necessities but also to provide customers with a broader range of choices. On the other hand, through CMHT's robust network of food distributors, the Group will continue to develop its business-to-business (B2B) segment by providing a more diversified range of products to other retailers in Hong Kong, online stores and even merchants or enterprises in overseas markets, enriching the Group's streams of revenue and potential customer base. Hashtag: #BestMart360The issuer is solely responsible for the content of this announcement.Best Mart 360 Holdings LimitedBest Mart 360 Holdings Limited, mainly operates chain retail stores under the brand "Best Mart 360˚". It offers wide collection of imported prepackaged leisure foods and other grocery products, principally from overseas. The Group's business objective is to offer "Best Quality" and "Best Price" products to customers through continuous efforts on global procurement with a mission to provide comfortable shopping environment and pleasurable shopping experience to customers. As at 30 September 2023, the Group operates 165 retail stores that are strategically located at 18 districts in Hong Kong, Macau and Mainland China. In addition, the Group's new global gourmet store, "FoodVille", was officially opened in September 2021, which mainly provides globally sourced medium-to-high-end quality food products.
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