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SINGAPORE, July 7, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") today announced that Mr. Ho Raymond Chi-Keung will not seek re-election at the forthcoming Annual General Meeting of the Company to be held on August 7, 2023 (the "Meeting") due to personal reasons. In accordance with Bye-law 4(2) of the Bye-laws of the Company, Mr. Ho will retire as a Director of the Company, upon the conclusion of the Meeting. Following his retirement, Mr. Ho will step down as a member of the Audit Committee and the Remuneration Committee of the Company. Mr. Ho had served on the Board of Directors of the Company from 2004 to 2006, and was re-appointed in 2013. He confirmed that there were no disputes or conflicts with the Board or the Company regarding any aspect of the Company's accounting, operations, policies, or practices. The Board of Directors of the Company would like to record its appreciation to Mr. Ho for his dedicated service and valuable contributions to the Company during his tenure. With Mr. Ho's retirement, the Board will comprise nine members of which three are independent directors with effect from August 7, 2023. About China Yuchai International China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, GYMCL distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2022, GYMCL sold 321,256 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com. Safe Harbor Statement: This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "project", "targets", "optimistic", "confident that", "continue to", "predict", "intend", "aim", "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning China Yuchai's and the joint venture's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. China Yuchai cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in China Yuchai's Form 20-Fs under the headings "Risk Factors", "Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. Among others, if the COVID-19 pandemic is not effectively and timely controlled, our business operations and financial condition may be materially and adversely affected due to a deteriorating market for automotive sales, an economic slowdown in China and abroad, a potential weakening of the financial condition of our customers, or other factors that we cannot foresee. All forward-looking statements are applicable only as of the date it is made and China Yuchai specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future. For more information: Investor RelationsKevin TheissTel: +1-212-521-4050Email: cyd@bluefocus.com
HANGZHOU, China, July 7, 2023 /PRNewswire/ -- BEST Vietnam under BEST Inc., a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced signing a cooperation agreement with VNPAY, a leading digital payment solution provider in Vietnam, to jointly promote cashless payment solutions in the country. Starting today, Vietnamese consumers can complete payment for their goods and shipping fees by scanning the VNPAY QR code provided by BEST express couriers. The QR code is generated independently for each shipment and covers 32 mainstream banks and 15 e-wallets in Vietnam. Fang Longqing, head of BEST Express Vietnam, said, "BEST has always been committed to promoting the logistics industry with technology. This cashless payment solution is another milestone on BEST's digital journey in Vietnam. In the future, we will strive to make more and more consumers complete online shopping using cashless payment solutions." Fan also said BEST Vietnam will in next stage try to improving the efficiency of COD reconciliation, helping online shops receive payment on the same day. Ngo Anh Tuan, director of VNPAY QR code payment solution, said, "We hope that more customers can enjoy the fast, convenient, and secure cashless payment function of the digital age, and we also hope to optimize the workflow for BEST, thereby establishing a broader user base." As cash on delivery model (COD) is the mainstream online shopping model in the nation, this cashless payment solution is expected to promote the COD model to a new level. According to Allied Market Research's Vietnam Express Delivery Services Market Report (2022-2030), the COD ratio for online purchase in Vietnam currently exceeds 80%. However, this model requires cash preparation by consumers, cash-carrying by couriers, daily bank trips by logistics stations, and high return rates for merchants, resulting in a fragmented, labor-intensive management. Good news is the trend of e-wallets becoming increasingly popular in Vietnam is facilitating cash-less transformation for online shopping. According to Robocash Group, about 57% of Vietnam's adult population actively uses e-wallets, in contrast to just 14% at the end of 2018, which is considered significant penetration. It is expected that the cooperation between BEST Vietnam and VNPAY will further popularize e-wallets and cashless payments in the country, and aid in the digital transformation of the logistics industry.
SUZHOU, China, July 7, 2023 /PRNewswire/ -- GeneQuantum Healthcare, a leader in the innovative bioconjugation technologies for ADC new drug development, announced the expansion of its partnership with a South Korean biotech company Aimed Bio today. This strategic collaboration aims to jointly develop up to five new ADC drugs to address unmet clinical needs. Since April of last year, GeneQuantum and Aimed Bio have been collaborating on the joint development of a FGFR3-targeting ADC named GQ1011/AMB302. The progress of this development was presented at the 13th World ADC 2022 and the American Association for Cancer Research (AACR) 2023 Annual Meeting. The published results showcased the exceptional anti-cancer effects of this FGFR3-targeting ADC in in vivo models of bladder cancer and glioblastoma. Safety evaluations conducted in monkey models also showed positive results. Encouraged by these development achievements, the two companies have made the decision to expand their partnership in the joint development of up to five additional ADCs. Dr. Gang Qin, the founder and CEO of GeneQuantum, stated, "The innovative ADC drug GQ1011 developed in collaboration with Aimed Bio has demonstrated excellent preclinical druggability data, fully showcasing the wide applicability and competitive advantage of GeneQuantum's leading site-specific conjugation and linker-payload technologies. GeneQuantum has always adhered to the vision of open collaboration and innovative empowerment for ecosystem construction. With an integrated and holistic innovative conjugation solution as the hub, we gather advantages and resources from all parties, breaking fundamental bioconjugate drug development barrier through wide cooperation. This enables us to focus on the development of high-quality innovative ADC drugs that better meet the growing unmet clinical demand and provide improved treatment options for patients worldwide. The collaboration with Aimed Bio in the development of a series of innovative ADC drugs fully embodies GeneQuantum's core technology and integration of various high-quality innovative resources from both international and domestic upstream and downstream sectors, presents a promising outlook for the revolutionary ADC therapy innovation." Dr. Do-Hyun Nam, Aimed Bio's CTO, commented " Through our collaboration with GeneQuantum, we aim to optimize resources by leveraging big data analysis and addressing high unmet needs to identify novel targets. We will utilize our proprietary translation platform to develop the most effective ADC platforms together." Dr. Nam highlighted the potential of this collaboration to deliver innovative treatments for patients who has no other therapeutic options. About GeneQuantum Healthcare GeneQuantum is a global innovative biopharmaceutical company and one of the pioneers dedicated to the development of ADC drugs using enzyme-mediated site-specific conjugation technology. It has established comprehensive proprietary techniology system, iLDC® and iGDC®, which can provide end-to-end solutions for development and commercialization of multiple bioconjugate drug modalities including ADC. Based on the unique technology platform, GeneQuantum has successfully developed multiple clinically advanced innovative ADC products. GeneQuantum is committed to bringing revolutionized cancer therapy to patients worldwide through bioconjugate drug ecosystem construction. For more information, please visit: www.genequantum.com. About Aimed Bio: Aimed Bio is an innovative biotechnology company that was spun off from Samsung Medical Center (SMC) in August 2018. The company aims to provide treatment solutions for patients with severe brain diseases, including neuro-oncology and neurodegenerative diseases, to save lives and improve patients' quality of life. With a strong global network of key opinion leaders in the field of neuro-oncology and neurodegenerative diseases, an excellent research team, and a pipeline layout, Aimed Bio has emerged as an emerging leader in innovative therapies for brain diseases.
Tickets On Sale Now HOLLYWOOD, Calif., July 7, 2023 /PRNewswire/ -- CJ 4DPLEX, the world's leading producer of premium film formats and cinema technologies, together with Paramount Pictures, announced "Mission: Impossible – Dead Reckoning Part One" will be showcased in both the 270-degree panoramic ScreenX format and the multi-sensory 4DX experiential format. 4DX will feature "Mission: Impossible – Dead Reckoning Part One," beginning July 10 and ScreenX shows will begin July 11. MISSION: IMPOSSIBLE – DEAD RECKONING PART ONE ScreenX Exclusive Art Audiences worldwide can capture the groundbreaking blockbuster that is the action-packed "Mission: Impossible" saga. Designed with state-of-the-art technology, CJ 4DPLEX's ScreenX format elevates the movie theater experience by creating a mesmerizing display of sequences across dual-sided panoramic screens spanning 270 degrees. CJ 4DPLEX worked with star and producer Tom Cruise, writer/director/producer Christopher McQuarrie, and Paramount Pictures to formulate the most-anticipated cinematic spectacle of the summer. The ScreenX version will have over 55 minutes of exclusive story enhancing scenes. Tom Cruise returns to portray intrepid spy Ethan Hunt as he embarks on another mission that pushes the limits. "Mission: Impossible – Dead Reckoning Part One" will be available in over 359 ScreenX auditoriums worldwide. "Mission: Impossible – Dead Reckoning Part One" will also debut in CJ 4DPLEX's effects-enhancing 4DX auditoriums. This multi-sensory premium format allows audiences to surpass the traditional movie-going experience and truly get enraptured into some of the most captivating and death-defying stunts in cinema history. 4DX utilizes over 21 unique motion and environmental effects like vibration, water, wind, snow, lightning, and scents, among others. "Mission: Impossible – Dead Reckoning Part One" will be on over 787 4DX screens worldwide. "Tom Cruise has captivated audiences with the 'Mission' franchise across several installments and we know 'Dead Reckoning Part One' will continue in that tradition of blockbuster summer faire," said Jongryul Kim, CEO, CJ 4DPLEX. "CJ 4DPLEX is excited to present Tom Cruise's action-packed mega-franchise in two formats that provide unique experiences that will thrill audiences worldwide." "We are so proud to have joined forces with Tom Cruise again, and Chris McQuarrie and Paramount Pictures to bring 'Mission: Impossible – Dead Reckoning Part One' to our premium ScreenX and 4DX theaters worldwide," said Don Savant, CEO & President, CJ 4DPLEX America. "The highly-anticipated seventh chapter of 'Mission: Impossible' will be an epic cinematic presentation that accelerates the thrill level all summer long." "Mission: Impossible – Dead Reckoning Part One" tickets are on sale now and can be purchased at any ScreenX and 4DX theaters near you. About Mission: Impossible – Dead Reckoning Part OneEthan Hunt and the IMF team must track down a terrifying new weapon that threatens all of humanity if it falls into the wrong hands. With control of the future and the fate of the world at stake, a deadly race around the globe begins. Confronted by a mysterious, all-powerful enemy, Ethan is forced to consider that nothing can matter more than the mission -- not even the lives of those he cares about most. About CJ 4DPLEX:CJ 4DPLEX is a leading, next-generation cinema technology company, headquartered in Seoul with international offices in Los Angeles and Beijing. The company has created innovative film technologies for theaters worldwide that include 'ScreenX', '4DX', and '4DX Screen' for consumers to experience films in ways that were never before possible. CJ 4DPLEX is a part of the CJ Group conglomerate that also includes entertainment powerhouses CJ CGV, the fifth largest theater chain in the world, and CJ ENM (CJ Entertainment & Media), who produced the Academy Award®, Golden Globe® and SAG Awards winning film, "Parasite". CJ 4DPLEX was named Most Innovative Company of 2017 and 2019 in Live Events by Fast Company, and the technology has been recognized with Silver at the Edison Awards in the Media and Visual Communications-Entertainment category in 2015 and 2018. ScreenX is the world's first multi-projection cinema with an immersive 270 degree field of view. By expanding the image beyond the frame and onto the walls of the theatre, ScreenX places the audience directly at the center of the story, creating a visually immersive viewing experience unlike any other. To date, there are over 359 ScreenX auditoriums around the world in 38 countries. 4DX provides moviegoers with a multi-sensory cinema-going experience, allowing audiences to connect with movies through motion, vibration, water, wind, snow, lightning, scents, and other special effects that enhance the visuals on-screen. Each 4DX auditorium incorporates motion-based seating synchronized with more than 21 different effects and optimized by a team of skilled editors. To date, there are over 787 4DX auditoriums around the world, spanning over 69 countries. 4DXScreen is a powerful combination of our super premium immersive theatre technologies of ScreenX and 4DX in one auditorium, creating a never-before-seen experience for cinemagoers. To date, there are 44 4DXScreens installed around the globe.
Highlights of the TVU Ecosystem Will Feature Solutions for Enterprise Including the New TVU RPS One for REMI, AI-Driven Content Search Service and Cloud-Native FAST Channel Programming CUPERTINO, Calif., July 7, 2023 /PRNewswire/ -- TVU Networks, a pioneer in cloud-based workflow solutions for live content creation and distribution, today announced its line up of cloud and on-prem solutions to be demonstrated at IBC 2023 in Amsterdam. TVU RPS One, the new all-in-one hybrid cloud and studio remote production device, will be making its Europe debut at the TVU stand. The company will also showcase the latest developments across its entire portfolio of REMI solutions, AI-driven ingest and clipping service and cloud-native FAST channel programming in Hall 5, Stand #C82 between September 15th and 18th. The debut of TVU RPS One at NAB 2023 in April resulted in a number of accolades, including "Product of the Year" recognition by the NAB organization and the "Best of Show" award from TV Technology. Additionally, TVU Networks was honored with the Grand Prize for Technology and the Remote Production Awards by PRODU magazine. The modern device offers a compelling solution that seamlessly integrates synchronized multi-camera encoding and transmission capabilities within a highly portable and durable design. Equipped with six integrated 5G modems with support for advanced mmWave technology, this innovative device provides the latest in reliable untethered wireless transmission for flexible, cost-effective remote production. TVU will also be demonstrating the latest updates to its cloud-based and on-premise ecosystem for complete, professional live production, including TVU Producer, TVU Search, TVU Grid and TVU Channel. TVU Producer transforms on-site, multi-camera production by virtualizing key components in the cloud, including video and audio mixing, video server playout, and graphics and CG capabilities. TVU Search uses AI to empower customers to swiftly locate precise video segments using speech, text, and facial recognition to drastically reduce search time for content needed to create stories. TVU Grid facilitates IP-based content delivery, enabling broadcasters to effortlessly switch, route, and distribute live video feeds to multiple locations via commodity internet. TVU Channel is a cloud-native service that's a hassle-free, round-the-clock channel solution without the need for extensive infrastructure. Users can effortlessly schedule live and on-demand programming through a user-friendly web browser interface. With TVU Channel, broadcasters can distribute content seamlessly and simultaneously across various channels, including traditional television, OTT platforms and social media. For sports video review, TVU will be demonstrating the latest updates to its multi-camera control app, TVU Replay. The app enables game officials to instantly review plays from different camera angles during games on a tablet. Operation is easy using familiar swipe and pinch controls to focus on the desired segments. "We are very excited to be at IBC again this year and to welcome colleagues, partners and new visitors to our stand. We will have many new product updates to demonstrate across our entire cloud ecosystem that are designed to make remote production, channel programming and content search for compelling stories faster, more efficient and cost effective," said Rafael Castillo, General Manager/Vice President of EMEA and Latin America, TVU Networks. "With the implementation of our DevOps methodology, we are continuously integrating and developing new products and features updates throughout the year based on direct customer feedback, and we are looking forward to showcasing the applications to visitors." To schedule a demonstration or meeting and to RSVP for our daily events, please visit our IBC 2023 page at info.tvunetworks.com/ibc-2023. About TVU Networks: TVU Networks is the premier global provider of SaaS and Cloud-based workflow solutions across multiple industries, including news, entertainment media, sports, corporate, streaming, houses of worship and government. Through the use of AI, microservices and automation-driven technology, TVU helps enterprises realize an efficient metadata and story-centric workflow through its ecosystem for live video acquisition, production and distribution. The company has been on the forefront of developing the tools needed to streamline and monetize the Media Supply Chain. TVU is a critical part of the operations of major media companies worldwide and is a Technology and Engineering Emmy® Award winner. Follow TVU Networks:LinkedIn: https://www.linkedin.com/company/tvu-networks/Facebook: https://www.facebook.com/TVUNetworks/Twitter: https://twitter.com/tvunetworksInstagram: https://www.instagram.com/tvu_networks/YouTube: https://www.youtube.com/c/TVUNetworks Products Mentioned:TVU RPS One: https://www.tvunetworks.com/products/tvu-rps-one/TVU Search: https://www.tvunetworks.com/products/tvu-search/ TVU Producer: https://www.tvunetworks.com/products/tvu-producer/ TVU Grid: https://www.tvunetworks.com/products/tvu-grid/ TVU Channel: https://www.tvunetworks.com/products/tvu-channel-monetize/TVU Replay: https://www.tvunetworks.com/products/tvu-replay/
TAIPEI, July 7, 2023 /PRNewswire/ -- To collect people's imaginations and expectations for the digital development in 2040, Minister Audrey Tang of Taiwan's Ministry of Digital Affairs (moda) launches the "Ideathon" call for submissions. Using "WeWe Futures: 2040 Diversity & Inclusive" as this year's theme, the competition looks forward to sparking unlimited exciting possibilities through the imaginative power of men and AI under the trend of generative AI. The IDEATHON competition open call is jointly announced by Minister Audrey Tang of the Taiwan Ministry of Digital Development (3rd from the left), Director Tatsunori Uezu from the Okinawa Industry Promotion Public Corp. Taipei Office (1st from the right), Director Ms. Kallaya Leewongcharoen from the Thai Trade Office, Taipei (1st from the left), and President Chi-Yi Chang of the Taiwan Design Research Institute (2nd from the right). Towards an Inclusive Future of the World: Organizing Jury of International Heavyweights With the 2040 diversity & inclusion vision, this year's Ideathon calls for global submissions to involve international citizens for co-creation of future. In addition to organizing call for submissions seminars in Thailand and Japan, this year's competition also invites three leading interdisciplinary designers from Japan to be part of the jury, diversifying the standards and broadening the horizons of the jury. Designer TACHIKAWA Eisuke, known as Japan's pioneer in social design, is invited to be a juror for the preliminary evaluation. Emphasizing "solving problems through design," he believes that latest concepts and tools can be realized by technology, but only men's creativity is the endless energy, and "asking the right questions" through empathy is the reason why our society needs "design." As for the jury of the final evaluation, the competition invites Airbnb Japan managing director NAGATA Hidetomo, who has participated in service design projects for cities, and Tokyo University of the Arts associate professor OZAKI Hiro, who plays multiple roles as multimedia artist and film producer and strives for creating works on themes relating to gender, feminism, and technology. No Specified Topics, the Competition Has total Prize Money of USD 500,000 for Submissions of Bold Imaginations of the Future The first "Ideathon" in 2022 called for proposals on diverse topics, including technology, environment, medical care, and society, displaying people's concerns and expectations for topics relating to future trends of development. To collect more creative ideas, this year's competition has total prize money of USD 500,000, and those who complete the submission procedure can also receive an exclusive NTF as souvenir. The competition invites all to imagine the future society after 2040 and encourages creative and impactful works, creating a wonderful future under the digital trends. Ideathon Call for Global Submissions! Applicant Opens Now and Ends 7/31 The Second Edition "Ideathon" has been officially launched on July 1, 2023, and the call for submissions ends at 17:00 (GMT+8), July 31. Regardless of age, nationality, and educational background, all individuals or groups can submit works. All participants must describe a likely life scenario in 2040 through the third-person perspective in news stories; regardless of imaginations for future life or innovative solutions for global issues, "Ideathon" looks forward to receiving exciting submissions from all sectors. For more information on the call for submissions, please visit the official "Ideathon" website: https://www.ideathon.tw/en.
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