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Global Seafood Trade Fair: Unveiling New Business Opportunities for Chinese Aquatic Pre-cooked Dishes in Overseas Markets

GUANGZHOU, China, June 21, 2023 (GLOBE NEWSWIRE) -- The Global Seafood Trade Fair Co-Located with The 3rd Liang Zhi Long Cantonese Cuisine E-Commerce Fair 2023 will be held from June 28th to June 30th, 2023 by Wuhan Shihedao Network Technology Co., Ltd. With an impressive exhibition area of 40,000 m2, featuring over 800 exceptional exhibitors, and expected to attract more than 50,000 trade visitors. The Global Seafood Trade Fair will showcase various fishery and aquatic products, including live seafood, dry goods, pre-cooked dishes, raw material processing and catering packaging equipment, refrigeration equipment, and so on. Furthermore, the event will bring together international enterprises and suppliers from Thailand, Ecuador, the United States, Australia, France, other countries and regions, who will showcase feature seafood products from around the world. According to global market statistics for pre-cooked dishes, the industry was valued at US$148.67 billion in 2022 and is expected to reach US$214.71 billion by 2030. As global trade recovers, the demand for pre-cooked dishes will continue to grow. The exhibition will specially set up a pavilion to showcase popular pre-cooked dishes for exhibitors and provide valuable insights into the global pre-cooked dishes market. In addition to the seafood exhibition, over 20 wonderful activities, including food-tasting sessions, category promotions, and cooking competitions, will be held during the Global Seafood Trade Fair. These include the Opening Ceremony of the Feast of Hot Pot Delights and the China Artistic Seafood Presentation: Artistic Cold Dish Competition. Notably, a series of industry summit forums will also take place, such as the First Edition Pre-cooked Dishes Export Forum of the Greater Bay Area Pre-cooked Dishes (Nansha) Export Zone, the 18th Tilapia Industry Development Forum, Sustainable Development Technology Forum for Aquatic Food Ingredients, and Deep Sea Aquaculture and Seafood Market Summit 2023. These forums will empower the discussion and the development of the seafood and aquatic pre-cooked dishes industry. The Global Seafood Trade Fair extends a warm invitation to visitors and traders to attend and explore the event in Zone D of the China Import and Export Fair Complex in Guangzhou from June 28th to 30th. Media contact: Ms. Rachel CHEN Mobile: +86-136 3232 6056 E-mail: rachelchen@chinascj.com service@globalseafoodex.com Website: www.globalseafoodex.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0a138bdc-f09a-4c2a-a844-5f245ad57060  

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Zoom Scheduler, now generally available, allows users to align calendars with clients and contacts quickly and easily

Zoom extends free signup period for Zoom Scheduler to July 20 SAN JOSE, Calif., June 21, 2023 (GLOBE NEWSWIRE) -- Today, Zoom announced general availability for its new Zoom Scheduler tool and the extension of the free signup period. Zoom Scheduler makes finding the perfect meeting time easier by sharing availability for others to conveniently book appointments. “We heard again and again from our customers that they were looking for a convenient way to book appointments without leaving the Zoom platform,” said Joseph Chong, Head of Product, Solutions, and Industry Marketing, Zoom. “With Zoom Scheduler, they can. Based on positive feedback, we will be offering Zoom Scheduler for free for anyone to try for one more month.” Zoom is known for simplifying collaboration tools, and its latest product has taken on everyone's least favorite meeting task: aligning calendars. Sharing availability windows back and forth manually takes up valuable time and adds more friction to a workday. Meeting with potential customers or clients often compounds this problem, as external participants lack visibility into one another’s calendars. Zoom Scheduler allows hosts to generate windows of availability that others can use to book appointments. With Zoom Scheduler, users will be able to grow their businesses faster and get more done so they can spend more time on what matters: preparing for the meeting or taking a break. Get together with Zoom Scheduler Now generally available, Zoom Scheduler places a meeting on the host’s calendar with a Zoom Meetings link already included, saving both participants time. Hosts can use their preferred calendar: Zoom Scheduler works seamlessly with Zoom Meetings and Zoom Mail and Calendar and integrates with both Google Calendar and Microsoft 365. Features of Zoom Scheduler include: Ability to schedule one-on-one meetings or one-to-many group meetings and specify how many people can attend any available slot. Choose recurring availability or custom availability for one-off meetings. Generate slots of availability when any or all team members are available. Automate and customize email notifications. Collect preferred information during the attendee booking process. Beta customers love how Zoom Scheduler saves time and consolidates meeting scheduling where it makes the most sense: in the middle of the communication platform they know and love. “Zoom Scheduler offers an easy, no-effort integration with the rest of the Zoom platform,” said Gabe Moronta, Visla. “It has all the features, settings, and capability I need.” Zoom Scheduler integrates with Zoom Calendar, which has become a resource for meetings both before and after. Zoom Calendar offers a sidebar view alongside the Zoom desktop client, so attendees can maximize their time by seeing if others have joined the meeting yet. After the meeting, shared files live in the Calendar invite for future reference. Free and paid Zoom users can try out Zoom Scheduler for free anytime before July 19, 2023. On July 20, 2023, Scheduler will be available as an add-on for purchase for $5.99/month per user on Zoom’s website (add to any existing legacy Zoom plan or Zoom One plan), and will be included in the Zoom One Business Plus and Enterprise Plus plans. About Zoom Zoom is an all-in-one intelligent collaboration platform that makes connecting easier, more immersive, and more dynamic for businesses and individuals. Zoom technology puts people at the center, enabling meaningful connections, facilitating modern collaboration, and driving human innovation through solutions like team chat, phone, meetings, omnichannel cloud contact center, smart recordings, whiteboard, and more, in one offering. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more info at zoom.com. Zoom Public Relations Lacretia Taylor press@zoom.us 

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Vitasoy Announces its Business Results for FY2022/2023

HONG KONG, June 20, 2023 /PRNewswire/ --  Financial Highlights  12 months ended 31st March 2023 FY2022/23 HK$ Mn   FY2021/22 HK$ Mn     Change Net of FX Impact Revenue   6,341 6,501 -2 % +2 % Gross Profit   3,012 3,071 -2 % +2 % EBITDA   621 340 +82 % +83 % Profit / (Loss) before Taxation   49 (236) N/A N/A Profit / (Loss) Attributable to Equity Shareholders of the Company   46 (159) N/A N/A Basic Earnings /(Loss) per Share (HK cents)   4.3   (14.9)   N/A N/A Vitasoy International Holdings Limited ("Vitasoy" or the "Company", together with its subsidiaries, including a structured entity the "Group", SEHK Code: 00345) today announced its annual results ended 31st March 2023.  In FY2022/2023, the Group registered a profit from operations of HK$104 million versus a loss of HK$213 million in the previous financial year, despite high raw material prices and utility costs. This result was mainly attributable to effective cost rationalisations in its operations and promotions in Mainland China, as well as higher government subsidies received by the Vitasoy's Hong Kong Operation compared with last year. Selective pricing action was taken to alleviate the cost pressures of higher raw material prices. During the year, Vitasoy was able to register a profit attributable to equity shareholders of HK$46 million, compared with a loss of HK$159 million in the previous year. The result was in line with the profit alert announcement issued on 19th May 2023. As a result of the Group's improved financial performance, the Board of Directors will recommend a final dividend of HK$1.4 cents per ordinary share at the Annual General Meeting to be held on 28th August 2023. Together with the interim dividend of HK$1.3 cents per ordinary share, this brings the total dividend for FY2022/23 to HK$2.7 cents per ordinary share. Mr. Winston Yau-lai Lo, Executive Chairman of Vitasoy International Holdings Limited, said,  "We improved the Group's performance with profitability for FY2022/23. We will remain focused on executing with discipline towards the goal of delivering sustainable growth and profitability. " The ESG performance of Vitasoy has been increasingly recognised by receiving an "A" grade in the MSCI ESG ratings and being featured on the Corporate Knights' Global 100 Most Sustainable Corporations list for the fourth consecutive year. The Company's wholly-owned subsidiary in Singapore – Vitasoy International Singapore Pte. Ltd. – became a Certified B Corporation™ in January 2023. Mainland China -Stabilisation of the business with a disciplined focus on core fundamentals Revenue in local currency terms dropped slightly by 2% to RMB3,084 million. The Mainland China operation registered an operating profit of RMB40 million versus an operating loss of RMB280 million in FY2021/2022, mainly due to effective control of higher input costs and operating expenses. During the year, the Company has successfully implemented a pricing strategy to partially alleviate input cost pressures and have strengthened the organisational capabilities in the Mainland China operation. VITASOY retains strong leadership in the soymilk market. Under the VITA brand, the core premium Lemon Tea range was the main revenue driver, while sparkling tea and new fruit tea continued to gain popularity. The goal of the business is to continue scaling up via disciplined execution, ever-improving availability and selective innovation. VITASOY will drive core product sales via a new marketing campaign, while VITA will drive its product platforms (Fruit, No Sugar, Sparkling) by leveraging on-the-go consumption. Hong Kong Operation (Hong Kong SAR[1], Macau SAR[2] and Exports) -Strong innovation-led growth from on-the-go consumption and school business Vitasoy's Hong Kong Operation made a strong recovery in FY2022/2023, driven by effective field sales execution, improved traffic since the removal of travel restrictions and an increase in the number of school days for the Vitaland tuck shop business. Revenue grew 11% from the previous year to HK$2,144 million. The Operation has grown its market share for soymilk, plant milk and tea, despite already being the leader in these three categories. Successful new innovations such as VITASOY CALCI-PLUS Protein Drink, VITA Fresh Tea and Sparkling Peach Orange Tea have been well accepted by shoppers, thereby generating incremental revenue. The Company's operating profit grew by 10% in FY2022/2023. Excluding COVID-19 related government subsidies, its operating profit would have dropped by 13%, mainly due to a surge in raw material prices and production costs, but partly offset by an increase in sales. As the Hong Kong SAR is the Company's most developed market, the local operation will complement execution on its core products with continuous innovation on both VITASOY and VITA brands, with a particular focus on the rapidly growing fresh short-shelf-life segment. Australia and New Zealand -Growth in the grocery channel driven by accelerated sales of our Oat Milk platform Revenue in the Company's operation in Australia and New Zealand recorded a 3% increase in local currency during the year, despite economic headwinds. Profit from operations dropped by 89% in local currency, mainly due to increased raw material prices and higher logistics and overhead costs. New products launched during the year, including VITASOY Café Latte Oat Milk and the VITASOY Greek Style Yoghurt range, have been well received by consumers. During the year, the Company completed the acquisition of the remaining 49% equity interest in its non-wholly owned subsidiary in Australia. The transition and integration were managed effectively by its competent local team, who will continue to drive the business via core and new products. The market for plant-based food and beverages continues to grow in Australia and New Zealand ahead of other markets in Asia, thus providing the Company with a unique opportunity to pilot new initiatives for broader reapplication. Vitasoy will continue to drive key plant milk categories while strengthening the availability and range of its new plant-based yoghurt. Singapore -Commoditisation of tofu category and weak exports affected the Singapore business Revenue decreased by 11% in local currency terms. This was due in part to the commoditisation of the local tofu category, which caused consumers to switch to more affordable options. Furthermore, export sales to Europe, the Company's main tofu export market, fell as a result of weak overseas demand and increased logistical costs. With the commoditisation of the tofu category, the Company will continue to drive cost efficiencies via product and organisational rationalisation, while at the same time driving growth in the export tofu business and beverages. The Philippines  This market's results are not consolidated but the joint venture with Universal Robina Corporation, its local joint venture partner, continues to perform strongly as a result of strong growth in the still small plant-based milk category. The Company is now leveraging local manufacturing and growth in both single serve and multi serve by offering a range that has evolved from soymilk to the broader plant milk segments of Almond Milk and Oat Milk. The increasing mobility of on-the-go consumers and wider distribution will help the Company revive its single-serve business. General Outlook The Company is well positioned for long-term growth because of the strong potential of the plant-based market, as well as the solid foundation of its proven product platforms, market understanding and organisational scale and capabilities. In the short term, however, cost pressures will likely persist, as the price of raw materials and utilities together with logistics expenses are expected to remain high. The Company has confidence in the business's long-term profitable growth trajectory. For more details, please refer to the following documents. -  Announcement of results for the year ended 31st March 2023:Link (English) -  Photos download:Photo Link Note: [1] "Hong Kong SAR" stands for the Hong Kong Special Administrative Region of the People's Republic of China. [2] "Macau SAR" stands for the Macao Special Administrative Region of the People's Republic of China. Vitasoy management presents its Greek Style Soy Yoghurt launched in Australia at the press conference. (From left) Mr. Roberto Guidetti, Group Chief Executive Officer; Mr. Winston Lo, Executive Chairman; and Ms. Ian Ng, Group Chief Financial Officer.   Vitasoy launched Greek Style Soy Yoghurt in Australia. About Vitasoy Vitasoy International Holdings Limited is a leading manufacturer and distributor of plant-based food and beverages. Established in 1940 by the late Dr. Kwee-seong Lo in Hong Kong China, the Company strives to promote sustainable plant-based nutrition through provision of a variety of high-quality products with Nutrition, Taste and Sustainability as the guidelines for its portfolio offerings. Currently, Vitasoy has operations in China, including Mainland China and Hong Kong Special Administrative Region, Australia, Singapore and the Philippines. Its products are available in about 40 markets worldwide. Vitasoy is listed on the main board of the Hong Kong Stock Exchange (00345.HK) and included as a constituent of Morgan Stanley Capital International (MSCI) Hong Kong Small Cap Index, and the Hang Seng Stock Connect Hong Kong Index, among others.   Vitasoy website: www.vitasoy.com For more information, please contact: Rosita Chan / Phoebe Li Mark Yip / Adrianna Lau Public Relations Department Senior Executive / Manager Vitasoy International Holdings Limited Edelman Tel: +852 2468 9644 Tel: +852 2837 4701/ 3756 8615 E-mail: publicrelations@vitasoy.com E-mail: mark.yip@edelman.com / adrianna.lau@edelman.com

文章來源 : PR Newswire 美通社 發表時間 : 瀏覽次數 : 1171 加入收藏 :
SCO Industrial Chain & Supply Chain Forum held in Qingdao

QINGDAO, China, June 20, 2023 /PRNewswire/ -- On June 15-16, the SCO Industrial Chain & Supply Chain Forum was held in Qingdao under the theme of "Synergy and Win-Win Chaining up for a New Future of Regional Economic Cooperation". On September 16, 2022, Chinese President Xi Jinping announced at the 22nd meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) that Qingdao will host the SCO Industrial Chain & Supply Chain Forum 2023. The successful holding of this forum is an important initiative of China to promote the deepening of the SCO regional economic cooperation and a concrete practice to echo the unanimous expectation of all parties at the SCO Summit in Samarkand to maintain the stability of the regional industrial chain & supply chain and to enhance the level of industrial development as well as global economic participation of regional countries. The forum was organized in the form of "1+N", i.e. an opening ceremony with many supporting activities. There were several important events on the opening ceremony of the SCO Industrial Chain & Supply Chain Forum and 2023 SCO International Investment and Trade Expo, such as the release of the Qingdao Initiative of the SCO Industrial Chain & Supply Chain Forum, the release of Version 2.0 of the China-SCO Comprehensive Service Platform for Local Economic and Trade Cooperation, and the launch of China-SCO Industrial Park Alliance. Moreover, the Qingdao Initiative of the SCO Industrial Chain & Supply Chain Forum calls for strengthening cooperation in the supply chain within the organization and globally, enhancing the coordination and cooperation within the organization, supporting investment cooperation that is conducive to the stability, security and resilience of the industrial chain & supply chain, etc. The version 2.0 of the China-SCO Comprehensive Service Platform for Local Economic and Trade Cooperation has innovatively integrated the SCO cross-border payment and settlement system, the new cross-border barter trade system, the aviation logistics system, the second-hand car export information management system, and the supply chain information inquiry service system for taxpayers, etc. It is the first to realize cross-border flow of goods and domestic settlement of funds, which will effectively solve the problems such as unsmooth settlement channels, and effectively reduce the comprehensive logistics costs, etc. As one of the important supporting activities of this forum, the SCO Expo has a total exhibition area of about 44,000 square meters, attracting 330 exhibitors from 34 countries and regions along the SCO and "B&R", which was the largest exhibition area ever. The expo mainly included the exhibition area of SCO national images, the achievement exhibition area of SCO demonstration areas, the exhibition area of international cooperation theme, the exhibition area of SCO high-quality industries, etc., and there were more than 10,000 kinds imported characteristic goods. The forum has also held six parallel forums and several industrial matchmaking sessions on industrial internet, logistics and trade, energy cooperation, biomedicine, civil aviation cooperation, digital city and smart ecology, etc., with enterprises as the main body, focusing on the industrial chains with the most complementary advantages and development potential of China's supply chain cooperation with SCO countries, as well as on the painful points and bottlenecks of industrial chain & supply chain cooperation in this field. It has studied the smooth flowing of links, deepened the docking of supply and demand, and further improved the level of industrial chain cooperation and regional industrial competitiveness. Contact: Jiang FangmeiTel.: 0086-532-85270001E-mail: jiangfangmei@scoda.com The formation of China-SCO Industrial Park Alliance launched at the opening ceremony of the forum   International Investment and Trade Expo  

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TDK Ventures expands into Europe; will use new $150-million Fund EX1 to invest in clean-tech startups

TDK Ventures selected London for its first European office New $150-million (USD) multi limited-partner Fund EX1 (EX = energy transformation) will focus on both European and North American-based electrification and decarbonization startups TDK Ventures' mission and values to invest in climate tech startups align with Europe's ambitious goals to reduce greenhouse gas emissions by 50% and reach net-zero emissions by 2050 SAN JOSE, Calif., June 19, 2023 /PRNewswire/ -- TDK Corporation (TSE: 6762) announced today that subsidiary TDK Ventures Inc., its corporate venture capital arm, is expanding into the European market with plans to invest in startups in the region. The company selected London as the site of its first outpost for its ambitious quest to nurture energy transition, electrification, and decarbonization throughout Europe. At the same time, TDK Ventures will initiate its $150-million (USD) multi-LP Fund EX1. The fund will focus on both European and North American-based energy-transformation startups in Seed and Series A stages. After thorough research, TDK Ventures chose London due to its deep venture-capital density as well as startups and investment funds that focus on the environment. The company also was impressed with the city's overall venture innovation ecosystem that comprises entrepreneurially minded scientific talent, a world-class university system, top-tier climate investors (both early and growth), centralized location, and access to strong public markets.  "TDK Ventures has earned a reputation for successfully investing in and supporting highly innovative startups featuring incredible disruptive technologies in the realm of electrification and decarbonization," stated Lord Dominic Johnson, UK Minister of State in the Department for Business and Trade, who is a veteran of over 25 years in the financial-services industry. "I wish them much success in their efforts in combatting the many climate issues that face us. I am thoroughly delighted London was chosen as the site for their first European office and I look forward to their participation in the European market and enthusiastically welcome them to the city of London." "Globally, London ranks third in climate-tech funding, and third in the number of climate and energy-tech investors," explained Nicolas Sauvage, President, TDK Ventures. "The latter ranking rises to No. 2 in the world when all of the UK is included. It also has corporate-friendly governance as well as familiar taxation, board structures, and a legal environment for venture-backed startups to find appropriate exits. This, coupled with the presence of many large-scale, late-stage, and growth-equity funds led us to decide on London as our first outpost in Europe." Sauvage continued that "TDK Ventures is very thankful for and appreciative of the strong support we have received from the Venture Capital Unit of the UK Government Department for Business and Trade over recent years."  The recent breakthroughs in materials science and advanced manufacturing in the European Union have created a watershed era for electrification and decarbonization projects. TDK Ventures has a history of helping entrepreneurial organizations in this space access the resources they need to scale production and commercialize their products as key components of global carbon neutrality. "I am delighted that TDK Ventures has chosen London as the site of its first European office," said Natalie Black, His Majesty's Trade Commissioner for Asia Pacific. "Including UK companies as potential recipients in its new $150-million Fund EX1 is a testament to the strength of the UK's tech sector, which raised $31.1 billion in VC funding last year, making the UK the third largest market in the world for tech investment. I look forward to seeing TDK Ventures thrive in the UK in supporting our efforts to tackle climate change." To learn more about TDK Ventures, interested startups or investment partners should visit www.tdk-ventures.com or reach out at contact@tdk-ventures.com.  About TDK Corporate TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately "Attracting Tomorrow." It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2023, TDK posted total sales of USD 16.1 billion and employed about 103,000 people worldwide. About TDK Ventures TDK Ventures Inc. invests in startups to bolster innovation in materials science, energy/power and related areas typically underrepresented in venture capital portfolios. Established in 2019 as a wholly-owned subsidiary of TDK Corporation, the corporate venture company's vision is to propel the digital and energy transformations of segments such as health and wellness, next-generation transportation, robotics and industrial, mixed reality and the wider IoT/IIoT markets. TDK Ventures will co-invest and support promising portfolio companies by providing technical expertise and access to global markets where TDK operates. Interested startups or investment partners may contact TDK Ventures: www.tdk-ventures.com or contact@tdk-ventures.com. You can download this text and associated images from http://www.tdk-ventures.com/tdk-ventures-expands-into-Europe-will-use-new-150-million-Fund-EX1-to-invest-in-clean-tech-startups/ Contacts for regional media Brand Contact Phone Mail TDK Ms. S MACKENZIE Publitek Portland, OR, USA +1 503 720 3743 sarah.mackenzie@publitek.com TDK Ventures Mr. R. FINELLI TDK Ventures San Jose, CA, USA +1 408 667 5970 raphel.finelli@tdk-ventures.com  

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NaaS Technology Inc. Reports Unaudited 2023 First Quarter Financial Results

BEIJING, June 16, 2023 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the first quarter ended March 31, 2023. First Quarter 2023 Operational Highlights: Charging volume transacted through NaaS' network reached 1,023 GWh in the first quarter of 2023, representing an increase of 112% year over year. Gross transaction value transacted through NaaS' network reached RMB990.5 million (US$144.2 million) in the first quarter of 2023, representing an increase of 107% year over year. Number of orders transacted through NaaS' platform reached 44.4 million in the first quarter of 2023, representing an increase of 110% year over year. As of March 31, 2023, more than 575,000 chargers in over 55,000 charging stations were connected and accessible on NaaS' network as of March 31, 2023, up by 84% from 313,000 and 67% from 33,000 as of March 31, 2022, respectively. First Quarter 2023 Financial Highlights:  Revenues grew by 150% year over year and reached RMB36.2 million (US$5.3 million) in the first quarter of 2023. Total operating costs increased by 37% year over year to RMB149.8 million (US$21.8 million) in the first quarter of 2023. Net loss increased by 10% year over year to RMB109.7 million (US$16.0 million) in the first quarter of 2023. Non-IFRS net loss1 increased by 106% year over year to RMB102.3 million (US$14.9 million) in the first quarter of 2023. 1Non-IFRS net loss was arrived at after excluding share-based compensation expenses, fair value changes of convertible and redeemable preferred shares, and  fair value changes of financial assets at fair value through profit or loss. Please refer to the section titled "Unaudited reconciliations of IFRS and non-IFRS results" for details. Recent Developments Progress in One-Stop Charging Solution Business The Company continued to advance its one-stop charging solutions business. Notable offline service engagements signed recently include station cleaning for Haohan Energy, a subsidiary of Geely Auto, and station operation and maintenance services for XPeng. As of May 31, the Company has expanded its maintenance service coverage to over 20,000 parking slots of 3,000 charging stations across 300 cities. Continuous Expansion of Partner Network In May 2023, the Company entered into cooperation with ARCFOX Energy, an affiliate of the EV brand ARCFOX, as well as AITO, a subsidiary of Huawei and Seres, strengthening partnerships with OEMs. The Company also established a collaboration with Zeekr Power, a subsidiary of Zeekr, enabling seamless connectivity of the EV charging network and further enhancing the efficient utilization of charging infrastructure. Furthermore, in early June, the Company announced its collaboration with DST, a car rental company, to provide convenient charging services to commercial logistics new energy vehicles through seamless connectivity to the charging network. Launch of Virtual Power Plant Platform On June 13, 2023, the Company launched its virtual power plant platform, with charging stations at the center of usage scenarios. This platform efficiently aggregates Distributed Energy Resources ("DER") such as EVs, charging stations, energy storage facilities, and distributed photovoltaics through local energy management system as well as AI driven cloud platform, forming manageable units. Leveraging flexible management of solar power, energy storage, and charging piles, combined with intelligent scheduling, and energy control, the platform actively participates in electricity market transactions and responds to grid scheduling needs. This not only helps charging stations reduce energy costs but also contributes to the development of an innovative power system. In addition, the Company has strategically partnered with Beijing Jingneng International Comprehensive Intelligent Energy Co., Ltd. and Tsintergy Technology to deliver industry-leading solutions in areas such as charging station operations, electricity trading optimization, resource aggregation modeling and dispatch optimization, as well as the development of integrated energy projects. Sinopower Acquisition On June 12, 2023, the Company entered into a definitive agreement to acquire an 89.99% stake in Sinopower Holdings International Co. Limited ("Sinopower"), a leading rooftop solar energy developer in Hong Kong. Through this transaction, the Company will venture into the distributed solar PV sector in Hong Kong and will establish a strong integration with Sinopower in areas such as technology, products, capital, and market. By leveraging this integration, the Company aims to expand its capabilities in renewable energy solutions and EV charging globally. The transaction is expected to close in June 2023, subject to customary closing conditions. Successful Completion of Registered Direct Offering On May 31, 2023, the Company successfully completed a registered direct offering of 3.5 million American Depository Shares (ADS) to certain investors. Notable investors, including Dr. Adrian Cheng and CST Group (0985.HK), participated in the transaction and expressed confidence in the promising new energy sector and the Company. This positions NaaS as an attractive investment opportunity for both local and global investors. "In the first quarter of 2023, we navigated challenges and achieved solid results, reaffirming our leadership position in the third-party charging services market," said Ms. Cathy Wang Yang, NaaS' CEO. "We continued to expand our charging network, connecting 575,000 chargers in 55,000 charging stations by the end of March, representing market shares of 40.3% and 48.9%, respectively. Meanwhile, we focused on enhancing our digital and data-driven intelligence capabilities, resulting in the groundbreaking Digital Energy Asset Management System (DEAMS) developed by our NaaS Research Institute. DEAMS revolutionizes device management at "Solar PV+Storage+Charger" integrated charging stations, optimizing operations and boosting revenue potential. We are proud to have filed over 20 patents for this innovative system. Our progress in the upgrade of integrated photovoltaic-storage charging is also exemplified by our recent announcement of acquisition of Sinopower, Hong Kong's top-ranking rooftop solar developer. This strategic move expands our footprint in the distributed solar power station sector and further strengthens our expertise in renewable energy solutions and EV charging. Another noteworthy highlight is the launch of our virtual power plant platform. Serving as a hub for efficient coordination of power generation, the power grid, and electricity users, our virtual power plant platform seamlessly integrates DER such as EVs, charging stations, energy storage facilities, and distributed photovoltaics into the power system and fosters a sustainable IoT ecosystem for new energy, further establishing ourselves as a frontrunner in building a clean, efficient, digitalized and low carbon power system." "In the first quarter of 2023, we achieved strong business growth and solid financial performance," added Mr. Alex Wu, NaaS' president and chief financial officer. "Our revenues increased by 2.5 times year-over-year, a testament to the successful expansion of our network and the wide adoption of our one-stop EV charging solutions. Furthermore, we completed a successful registered direct offering, highlighting investor confidence in our company and the new energy sector. These financial achievements, combined with our strategic partnerships and pioneering collaborations, firmly pave the way for our sustained success." First Quarter 2023 Financial Results: Revenues Total revenues reached RMB36.2 million (US$5.3 million) in the first quarter of 2023, representing an increase of 150% year over year. The rapid increase was mainly the result of increased platform order volumes and recent launch of the Engineering Procurement Construction ("EPC") business in the first quarter of 2023. Revenues from online EV charging solutions contributed RMB19.3 million (US$2.8 million) in the first quarter of 2023, with a growth rate of 145% year over year. The increase was primarily attributable to an overall increase in charging volume completed through NaaS' network. Revenues from offline EV charging solutions increased significantly by 140% year over year to RMB15.7 million (US$2.3 million) in the first quarter of 2023. The increase was primarily driven by the initiation of EPC business. Revenues from innovative and other businesses increased by 1,435% year over year to RMB1.2 million (US$0.2 million) in the first quarter of 2023, primarily due to the growth of the electricity procurement business and online advertisement business. Operating costs Total operating costs increased by 37% year over year to RMB149.8 million (US$21.8 million) in the first quarter of 2023. The increase was mainly due to the Company's significant business expansion. Cost of revenues increased by 90% year over year to RMB30.0 million (US$4.4 million) in the first quarter of 2023. The increase was primarily due to the initiation of EPC business. Selling and marketing expenses increased by 50% year over year to RMB66.4 million (US$9.7 million) in the first quarter of 2023. The increase was the result of increased excess incentives to end-users, as well as salaries and benefits for NaaS' selling and marketing personnel. Administrative expenses increased by 10% year over year to RMB45.5 million (US$6.6 million) in the first quarter of 2023. The increase was largely attributable to the increase in professional service fees. Research and development expenses were RMB7.8 million (US$1.1 million) in the first quarter of 2023, as compared with RMB8.0 million for the same period of 2022, remaining broadly unchanged. Finance costs, net Finance costs were RMB7.1 million (US$1.0 million) in the first quarter of 2023, as compared with finance costs of RMB0.2 million for the same period of 2022. This significant increase in finance costs was primarily attributable to increased interest costs related to bank loans. Income tax expenses NaaS' income tax expenses were RMB3.1 million (US$0.4 million) in the first quarter of 2023, compared with income tax expenses of RMB1.4 million for the same period of 2022. Net loss and non-IFRS net loss Net loss for the first quarter of 2023 was RMB109.7 million (US$16.0 million), as compared with net loss of RMB99.3 million for the same period of 2022. The increase was mainly due to the Company's business expansion. Non-IFRS net loss was RMB102.3 million (US$14.9 million) for the first quarter of 2023, as compared with non-IFRS net loss of RMB49.7 million for the same period of 2022. Please refer to the section titled "Unaudited reconciliations of IFRS and non-IFRS results" for details. Outlook: Based on preliminary assessment of the current market conditions, the Company reaffirms its guidance and expects its full year 2023 revenues to be between RMB500 million (US$73 million) and RMB600 million (US$87 million), representing a potential year-over-year increase of 5 to 6 times. The foregoing is the current and preliminary view of NaaS' management, and is subject to changes and uncertainties. Conference Call Information The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern time on June 16, 2023 (8:00 PM Beijing/Hong Kong time on June 16, 2023). Participants who wish to join the conference call should register online at:https://s1.c-conf.com/diamondpass/10031481-ayd7hr.html. Once registration is completed, participants will receive the dial-in information for the conference call. Participants joining the conference call should dial-in at least 10 minutes before the scheduled start time. Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.enaas.com. A replay of the conference call will be accessible approximately two hours after the conclusion of the live call until June 23, 2023, by dialing the following telephone numbers: United States: 1 855 883 1031China: 400 1209 216Replay Access Code: 10031481 Exchange Rate This announcement contains translations of certain RMB amounts into U.S. dollars ("USD") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.8676 to US$1.00, the noon buying rate in effect on March 31, 2023, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release. Non-IFRS Financial Measure The Company uses non-IFRS net profit/loss for the period, which is a non-IFRS financial measure, in evaluating its operating results and for financial and operational decision-making purposes. NaaS believes that non-IFRS net profit/loss helps identify underlying trends in the Company's business that could otherwise be distorted by the effect of certain expenses that the Company includes in its profit for the period. NaaS believes that non-IFRS net profit/loss for the period provides useful information about its results of operations, enhances the overall understanding of its past performance and future prospects and allows for greater visibility with respect to key metrics used by its management in its financial and operational decision-making. Non-IFRS net profit/loss for the period should not be considered in isolation or construed as an alternative to operating profit or net profit for the period or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review non-IFRS net profit/loss for the period and the reconciliation to its most directly comparable IFRS measure. Non-IFRS net profit/loss for the period presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data. NaaS encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. Non-IFRS net profit/loss for the period represents profit/loss for the period excluding share-based compensation expenses, fair value changes of convertible and redeemable preferred shares, and fair value changes of financial assets at fair value through profit or loss. Merger Transactions On June 10, 2022, RISE Education Cayman Ltd, the Company's predecessor, completed the merger and other related transactions (the "Merger Transactions") with Dada Auto Inc. ("Dada"),as a result of which Dada became a wholly-owned subsidiary of the Company and the Company assumed and began conducting the principal business of Dada. The name of the Company was changed from "RISE Education Cayman Ltd" to "NaaS Technology Inc." and its ticker was changed from "REDU" to "NAAS." About NaaS Technology Inc. NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company provides one-stop EV charging solutions to charging stations comprising online EV charging, offline EV charging and innovative and other solutions, supporting every stage of the station lifecycle. As of March 31, 2023, NaaS had connected over 575,000 chargers covering 55,000 charging stations, representing 40% and 49% of China's public charging market share respectively. On June 13, 2022, the American depositary shares of the Company started trading on Nasdaq under the stock code NAAS. Safe Harbor Statement This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. 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: NaaS' goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China's EV charging industry and EV charging service industry and NaaS' future business development; demand for and market acceptance of NaaS' products and services; NaaS' ability to protect and enforce its intellectual property rights; NaaS' ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS' operation, fluctuations of the RMB exchange rate, and NaaS' ability to obtain adequate financing for its planned capital expenditure requirements; NaaS' relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS' filings with the SEC. For investor and media inquiries, please contact: Investor Relations NaaS Technology Inc. E-mail: ir@enaas.com Media inquiries: E-mail: pr@enaas.com   NAAS TECHNOLOGY INC. UNAUDITED CONSOLIDATED STATEMENTS OF LOSS AND OTHER COMPREHENSIVE LOSS For the Three Months Ended March 31, 2022 March 31, 2023 (In thousands, except for share and per share and per ADS data) RMB RMB US$       Revenues from Online EV Charging Solutions 7,866 19,255 2,804       Revenues from Offline EV Charging Solutions 6,533 15,678 2,283       Revenues from Innovative and Other Businesses 80 1,228 179 Revenues 14,479 36,161 5,266 Other gain, net 681 493 72 Operating costs and expenses Cost of revenues (15,829) (30,047) (4,375) Selling and marketing expenses (44,213) (66,389) (9,667) Administrative expenses (41,304) (45,497) (6,625) Research and development expenses (7,986) (7,832) (1,140) Total operating costs and expenses (109,332) (149,765) (21,807) Operating loss (94,172) (113,111) (16,469) Finance costs (226) (7,060) (1,028) Fair value changes of convertible and redeemable preferred shares (3,492) — — Fair value changes of financial assets at fair value through profit or loss — 13,571 1,976 Loss before income tax (97,890) (106,600) (15,521) Income tax expenses (1,413) (3,055) (445) Net loss (99,303) (109,655) (15,966) Net loss attributable to: Equity holders of the Company (99,303) (109,655) (15,966) Basic and diluted loss per share for loss attributable to the ordinary equity holders of the Company (Expressed in RMB per share) Basic (0.06) (0.05) (0.01) Diluted (0.06) (0.05) (0.01) Basic and diluted loss per ADS for loss attributable to the ordinary shareholders of the Company (Expressed in RMB per ADS) Basic (0.60) (0.50) (0.07) Diluted (0.60) (0.50) (0.07) Weighted average number of ordinary shares   outstanding-basic 1,647,547,772 2,196,978,125 2,196,978,125 Weighted average number of ordinary shares   outstanding-diluted 1,647,547,772 2,196,978,125 2,196,978,125 Net loss (99,303) (109,655) (15,966) Other comprehensive loss that will not be reclassified to profit or loss in subsequent period: Fair value change on equity investment designated at fair value through other comprehensive loss, net of tax — (23,353) (3,400) Currency translation differences — (1,240) (181) Other comprehensive loss, net of tax — (24,593) (3,581) Total comprehensive loss (99,303) (134,248) (19,547) Total comprehensive loss attributable to:         Equity holders of the company (99,303) (134,248) (19,547)     NAAS TECHNOLOGY INC. UNAUDITED RECONCILIATIONS OF IFRS AND NON-IFRS RESULTS For the Three Months Ended March 31, 2022 March 31, 2023 (In thousands, except for share and per share and per ADS data) RMB RMB US$ Reconciliation of Adjusted net loss attributable to ordinary shareholders of the Company to Net loss attributable to ordinary shareholders of the Company Net loss attributable to ordinary shareholders of the Company (99,303) (109,655) (15,966) Add: Share-based compensation expenses 46,088 20,940 3,049          Fair value changes of convertible and redeemable preferred shares 3,492 — —          Fair value changes of financial assets at fair value through profit or loss — (13,571) (1,976) Adjusted net loss attributable to ordinary shareholders of the Company (49,723) (102,286) (14,893) Adjusted net basic and diluted loss per share for loss attributable to the ordinary shareholders of the Company (Expressed in RMB per share) Basic (0.03) (0.05) (0.01) Diluted (0.03) (0.05) (0.01) Adjusted net basic and diluted loss per ADS for loss attributable to the ordinary shareholders of the Company (Expressed in RMB per ADS) Basic (0.30) (0.47) (0.07) Diluted (0.30) (0.47) (0.07) Weighted average number of ordinary shares   outstanding-basic 1,647,547,772 2,196,978,125 2,196,978,125 Weighted average number of ordinary shares   outstanding-diluted 1,647,547,772 2,196,978,125 2,196,978,125     NAAS TECHNOLOGY INC. UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION As of December 31, 2022 March 31, 2023 (In thousands) RMB RMB US$ ASSETS Current assets Cash and cash equivalents 513,351 541,664 78,872 Trade receivables 130,004 181,989 26,500 Financial assets at fair value through profit or loss — 30,530 4,445 Prepayments, other receivables and other assets 287,435 239,749 34,910 Total current assets 930,790 993,932 144,727 Non-current assets Right-of-use assets 17,030 15,106 2,200 Financial assets at fair value through profit or loss 11,753 12,588 1,833 Financial assets at fair value through other comprehensive income 129,060 105,707 15,392 Investments accounted for using equity method — 186 27 Property, plant and equipment 2,600 2,766 403 Intangible assets 833 783 114 Other non-current assets 13,869 12,222 1,780 Total non-current assets 175,145 149,358 21,749 Total assets 1,105,935 1,143,290 166,476 LIABILITIES AND EQUITY Current liabilities Interest-bearing bank borrowings 38,000 138,000 20,094 Current lease liabilities 6,853 6,325 921 Trade payables 49,239 81,168 11,819 Income tax payables 16,214 19,060 2,775 Other payables and accruals 81,835 99,238 14,451 Total current liabilities 192,141 343,791 50,060 Non-current liabilities Interest-bearing bank borrowings 465,155 465,155 67,732 Non-current lease liabilities 9,327 8,131 1,184 Deferred tax liabilities 438 647 94 Total non-current liabilities 474,920 473,933 69,010 Total liabilities 667,061 817,724 119,070 EQUITY Share capital 146,730 146,730 21,366 Additional paid in capital 6,358,600 6,379,540 928,933 Other reserves (35,201) (59,794) (8,707) Accumulated losses (6,031,255) (6,140,910) (894,186) Total equity 438,874 325,566 47,406 Total equity and liabilities 1,105,935 1,143,290 166,476  

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2025 年 4 月 22 日 (星期二) 農曆三月廿五日
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