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LISHUI, China, Jan. 21, 2025 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company") today announced that on January 16, 2025, its subsidiary, Gohomeway Group Inc., completed the registration of the "GOHOMEWAY" trademark in the United States. The registration, filed under application number 98967272, marks a significant milestone in the company's growth. The "GOHOMEWAY" trademark spans a wide range of categories, including wood flooring, engineered wood flooring, and other construction materials (Class 19); furniture, cabinetry, and home storage solutions (Class 20); as well as e-commerce, advertising, and business consulting services (Class 35). The trademark's registration provides legal protection and rights for the Gohomeway brand as Gohomeway expands its operations across the U.S. With the registration in place, Gohomeway is well-positioned to streamline its operational network development and establish a comprehensive and scalable chain system. Yan Wangfeng, CEO of Tantech stated, "The trademark registration not only strengthens our brand's legal standing but also enhances our ability to develop the Gohomeway operational network and amplify our market presence. With the trademark in place, we are better equipped to drive sustainable growth as a new participant in a competitve industry." About Tantech Holdings Ltd TANH is a professional high-tech enterprise focused on the production, research and development, and sales of home furnishing and building materials. With a well-established domestic and international sales and distribution network, the company has been active in the home furnishing and building materials industry since 2002, beginning with the manufacture of bamboo charcoal products for home use. In 2022, TANH further strengthened its presence in the North American market by establishing a wholly-owned subsidiary in the United States to enhance the R&D and sales of home furnishing and building materials. The Company is fully ISO 90000 and ISO 14000 certified and has received a number of national, provincial and local honors, awards and certifications for its products and scientific research efforts. The Company's subsidiary, First International Commercial Factoring (Shenzhen) Co., LTD, is engaged in commercial factoring for businesses in and related to its supply chain. For more information, please visit: https://tanhtech.com. Forward-Looking Statements This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning the sales, plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the Company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. For more information, please contact: Tantech Holdings LtdInvestor RelationsTel: +86 (578) 226-2305ir@tantech.cn
Round led by Ansa Capital underscores industry need for an end-to-end carbon accounting platform that engages overlooked industries and drives business impact SAN FRANCISCO, Jan. 21, 2025 /PRNewswire/ -- Gravity, the leading enterprise carbon accounting and energy management platform, today announced a $13M Series A funding round, bringing the company's total funding to over $20M. The round was led by Ansa Capital, with participation from existing investors Eclipse, Hanover, and Caffeinated Capital, along with new investors Communitas Capital, Buoyant Ventures, and WEX Venture Capital. As part of the round, Marco DeMeireles, Co-Founder and Managing Partner of Ansa Capital, will join Gravity's board of directors. Amidst a surge in carbon reporting requirements, sustainability teams are drowning in disclosure obligations, with little business impact to show for their efforts. With the majority of their time and resources spent on reporting and stakeholder engagement, there is little focus on action, which leads to companies leaving an estimated $2T on the table in energy efficiency savings alone. Gravity addresses this challenge head-on by delivering a carbon management solution that automates data collection and reporting, while empowering companies, even those in critical hard-to-abate industries, to reduce their energy consumption and costs. "Too often, sustainable disclosure is a manual, time-consuming chore that's detached from evergreen business priorities. Ultimately, behind every ton of emissions is a cost – whether it's energy spend, logistics investments, or purchased goods and services," says Saleh ElHattab, CEO and Co-Founder of Gravity. "Gravity taps into the fact that these cost centers are already well-tracked and can be measured automatically, while connecting the task of reporting back to every company's core financial priorities of cost and risk mitigation. Reporting should be easy and connected to business value." Unlike other platforms that require manual data entry, Gravity automates data collection and calculates audit-ready sustainability reports, offering a frictionless experience that has convinced over 60% of Gravity's customers to switch from other providers. Gravity's industry-leading data collection capabilities seamlessly integrate with each customer's existing energy tracking, supplier engagement, ESG measurement, and reporting modules, dramatically lowering their compliance burden and time spent on disclosure. One customer reported that Gravity's AI-powered bill scanning saved them an estimated 4,600 hours — or 578 days of work — annually. Gravity's platform also turns the act of reporting into one of value creation. Through energy audits, financing partnerships, and a marketplace of trusted vendors, Gravity is a one-stop shop for companies to execute projects that improve balance sheets by enhancing energy efficiency and unlocking new electrification and energy storage opportunities. One Gravity project – an HVAC optimization for a Midwestern utility – saved the customer over $2M annually. Another project, for a vertically integrated developer in Nevada, secured over $1M in federal incentives for construction improvements that were both sustainable and modernizing. "Gravity is the first platform we've seen successfully leverage LLMs to automate emissions reporting for large-scale organizations and turn carbon accounting into a value driver by identifying and executing cost-saving opportunities through their marketplace," said Marco DeMeireles, Co-Founder and Managing Partner at Ansa Capital. "With a founding team that combines deep industrial expertise with world-class climate strategy and engineering excellence, we believe Gravity will be instrumental in helping the largest emitters move beyond emissions calculation to actively managing their energy costs through pragmatic, high-ROI actions on one convenient platform." The solution has struck a chord with the market, driving 400% year-over-year revenue growth. Gravity works with Fortune 500 companies, global enterprises, and leading private equity firms, including WM, Autodesk, and MiddleGround Capital. It is also supporting the companies that make up their supply chains and portfolios, including construction firms like McCarthy Holdings, Inc.; distributors like TTI, Inc., a Berkshire Hathaway Company; and metals suppliers like Wisconsin Aluminum Factory. "We chose Gravity because it was the only solution that truly automated the data ingestion process and empowered us to go beyond reporting to reduce costs and increase business resilience," explains Sachin Shivaram, CEO of Wisconsin Aluminum Factory. "Thanks to Gravity, we are executing energy projects that deliver over $400,000 in annual savings, more than paying for itself. The team consistently goes above and beyond to anticipate our business needs, shepherding us through a journey that would have otherwise been very difficult." Gravity plans to invest the Series A funds in product research and development as the company expands its carbon management solution and customer experience. In particular, Gravity will double down on its energy efficiency marketplace, making it easier for customers to identify and implement energy efficiency projects and introducing new decarbonization and financing partners. The company will also expand its team in the US and EU to deliver the platform to new markets and empower customers to meet new regulatory reporting requirements. To learn about Gravity's solution and see the platform, visit their website here. About GravityGravity is an end-to-end carbon accounting and energy management solution that aligns sustainability and business impact. Built for energy-intense operations and companies with complex supply chains, Gravity empowers the world's makers and leading institutions to easily comply with emissions reporting requirements, win over customers, and reduce costs by optimizing energy use. With industry-leading technology, Gravity ensures customers can navigate the changing regulatory environment with confidence and execute projects that drive meaningful energy reductions, while protecting – and enhancing – their bottom line. Learn more and arrange a demo at www.gravityclimate.com. About Ansa CapitalAnsa Capital makes high-conviction, thesis-driven investments in technology companies scaling from early venture to early growth. Backed by leading institutions, including Princeton and Accolade Partners, we focus on investing in new markets, innovative distribution models, and modern software tools—serving as the hub for tomorrow's leading companies, operators, and ideas. We leverage our prior experience as partners to companies like CrowdStrike, Coinbase, Zscaler, and Peloton to support our operators' evolution into category definers. Our commitment extends beyond capital: our team and network of advisors aid founders in operational scaling, while our Revenue Council of experienced go-to-market leaders provides indispensable tools and resources to accelerate the path to market leadership. Our ambition is to be your most aligned and impactful partner. Learn more at www.ansa.co
SINGAPORE, Jan. 21, 2025 /PRNewswire/ -- dss⁺ announced today strategic leadership changes to its Executive Leadership Team (ELT) in Asia Pacific. These changes support the company's goals to accelerate impact on clients, develop internal talent, and deliver on its purpose of saving lives and creating a sustainable future in the region. Srinivasan Ramabhadran is appointed as Managing Director and Board Member, dss⁺ and Cedric Parentelli, is appointed as the APAC Managing Director, APAC, dss⁺ "We remain committed to growing our leaders and providing new development experiences, while leveraging their experiences to help our clients achieve breakthroughs in operational safety, performance and sustainability that drive lasting success," said Davide Vassallo, CEO of dss⁺. "These leadership changes will further strengthen our growth trajectory and evolution of our firm." Advancing Growth in Asia Pacific's Dynamic Markets The Asia Pacific region remains a critical driver of global economic expansion, contributing approximately 60% of global growth in 2024, according to the International Monetary Fund (IMF). With a projected GDP growth of 4.4% in 2025 — outpacing the global average — the region continues to demonstrate remarkable economic resilience. As a critical hub for heavy industries, dss⁺ observes significant developments across key sectors where the company has been actively expanding its operational excellence capabilities. The region is experiencing transformative changes in petrochemicals, energy, industrial manufacturing, and infrastructure. Major economies such as China, India, Australia, Japan, and some Southeast Asian nations are advancing strategically in industrial transformation, focusing on sustainable manufacturing, advanced petrochemical capabilities, and building resilient supply chains and infrastructure. Key leadership appointments in Asia Pacific Srinivasan Ramabhadran elevates his role to Managing Director and dss⁺ Board member. In this new position, Ramabhadran will focus on global growth initiatives aligned with the organisation's strategy while continuing to lead key accounts in the Asia Pacific region. With over 22 years at dss⁺, Srinivasan built the consulting team across Asia Pacific and previously held roles including global practice leader for Operations Risk Management and market leader for India and ASEAN. He has developed trusted client relationships globally and has been instrumental in building the dss⁺ brand. "I am honoured to shape and drive dss⁺'s global growth strategy," said Srinivasan. "The Asia Pacific region has been at the forefront of driving resilient growth, and I look forward to leveraging our regional insights and deep expertise to help organizations transform their operational performance and create lasting impact." Cedric Parentelli is appointed Managing Director, Asia Pacific, focusing on delivering superior impact and value to clients in the region. He will reinforce the industry focus and embed deep transformational expertise in client organizations to ensure sustainable results. Cedric, who began his career with dss⁺ nine years ago, previously led the Western, Central Europe and North Africa region, later expanding his responsibilities to lead Europe, the Middle East and Africa. He built structural foundations to support the brand's global strategy and focused on leveraging consulting capabilities and industry expertise to deliver strategic solutions to clients. "The Asia Pacific region is a powerhouse of industrial and economic transformation, presenting both challenges and opportunities in high-hazard, complex industries," Cedric commented. "I am confident in the region's growth potential. We aim to help organizations turn operational risks into strategic advantages, elevating performance sustainably." These leadership changes position dss⁺ to better serve its clients in Asia Pacific, driving growth and delivering impactful solutions in operational safety, performance, and sustainability across the region's diverse and rapidly evolving markets. About dss⁺ dss⁺ is the operational transformation partner for complex and high-hazard industries. We help organisations achieve breakthroughs in safety, performance and sustainability that drive lasting success. Combining deep technical expertise and decades of hands-on experience with cutting-edge methodologies and data-driven insights, we empower teams to shift mindsets, shape cultures and build the capabilities needed at every level. www.consultdss.com
HONG KONG, Jan. 20, 2025 /PRNewswire/ -- Baguio Green Group Limited (''Baguio'' or the ''Group'', Stock Code: 01397.HK) is pleased to announce that following success in securing contracts for private residential estates for the provision of smart food waste recycling machines ("Smart Food Waste Recycling Machines") and maintenance services, the Group has recently won the following two service contracts from the Environmental Protection Department ("EPD") of the HKSAR Government ("Government"): Smart Food Waste Recycling Machines: An 18-month service contract to provide Smart Food Waste Recycling Machines to the EPD-designated locations across Hong Kong, supporting food waste recycling and waste reduction initiatives. Smart Balances: A 22-month service contract to provide smart balances ("Smart Balances") to the "GREEN@COMMUNITY" recycling stores and other locations, enabling and incentivizing public participation in recycling activities. Winning these two new contracts demonstrates the Group's outstanding capabilities in product innovation, research and development, and leading market position in the green technology sector as well as its alignment with Hong Kong's goal of becoming a smart city. In recent years, Baguio has been actively expanding its green technology business and successfully launched the all-in-one smart recycling system through the integration of smart digital solutions, big data analytics, and Internet of Things (IoT) technologies. Users can track recycling volumes in real time, enabling precise logistics planning, reducing logistics costs and carbon footprint. The Group's green technology products including smart recycling machines, Smart Food Waste Recycling Machines, and Smart Balances are widely used in Government organizations, public housing and private residential estates, shopping malls, universities, hospitals, large-scale exhibition centers, etc. It not only provides convenient recycling experience to the public but also improve the recycling efficiency, thus supporting the sustainable development of Hong Kong. According to the latest statistics from the EPD, Hong Kong landfills received an average of 10,884 tonnes of municipal solid waste per day in 2023, of which approximately 30% was food waste. Addressing food waste problem is a key priority for achieving the Government's goal of "Zero Landfill" by 2035. With a series of initiatives put forth by the Government to expand food waste recycling, including extending food waste recycling programs to public housing and private residential estates, as well as establishing public food waste collection points in suitable locations, gradually achieving the ultimate goals outlined in the "Waste Blueprint for Hong Kong 2035". The Group will continue to capitalize favorable Government opportunities and expand its Smart Food Waste Recycling Machine business to further facilitate the development of food waste recycling market in Hong Kong. In addition, Baguio's Smart Balances support a wide variety of recyclables, including plastics, paper, metals, etc. Designed for flexible deployment at fixed and mobile recycling points, Smart Balances enhance accessibility and convenience for the public. By incorporating a points-based rewards system, they also incentivize public participation in recycling, enhancing recycling experience. The Group is committed to promote green technology innovation and will continue to contribute to the Hong Kong's sustainable development.
An Exclusive Collaboration of Iconic Artistic IPs by Talented Artists from the Greater Bay Area, Celebrating Chinese Culture with Prosperity and JoyMACAU SAR - Media OutReach Newswire - 20 January 2025 - Today, Galaxy Entertainment Group ("GEG") proudly unveiled the Boom and Bloom Exhibition, which has transformed the GalaxyArt, located within Galaxy Macau™, the world-class luxurious integrated resort (Galaxy Macau), into an artistic paradise. The exhibition brings together leading artistic talents from the Greater Bay Area and exclusively debuts the collaborative creations of two iconic IPs by Shenzhen based artist Ray Chan and Macau based artist Sanchia Lau. Curated by renowned Hong Kong art advocate Gary Mok, this vibrant art journey seamlessly blends creativity with Chinese cultural traditions, offering blessings of prosperity and joy for the festive season. Distinguished guests including Mr. Cheang Kai Meng, Vice President of the Cultural Affairs Bureau of the Macao SAR Government (middle), Ms. Jennifer Si Tou, Head of Tourism Product and Events Department of the Macao Government Tourism Office (third from left), curator Mr. Gary Mok (first from right), artists Ms. Sanchia Lau (first from left) and Mr. Ray Chan (second from right), Mr. Buddy Lam, Director of Corporate Affairs of GEG (third from right) and Ms. Hazel Wong, Executive Vice President of Retail of GEG (second from left), honored the opening ceremony of the Boom and Bloom Exhibition with their presence. This exhibition is supported by the Cultural Affairs Bureau of the Macao SAR Government and Macao Government Tourism Office. The opening ceremony was graced by Mr. Cheang Kai Meng, Vice President of the Cultural Affairs Bureau of the Macao SAR Government and Ms. Jennifer Si Tou, Head of Tourism Product and Events Department of the Macao Government Tourism Office. Also, in attendance were curator Mr. Gary Mok, Shenzhen based artist Ray Chan, and Macau based artist, Macau Cultural Ambassador Sanchia Lau, Mr. Buddy Lam, Director of Corporate Affairs of Galaxy Entertainment Group ("GEG") and Ms. Hazel Wong, Executive Vice President of Retail of GEG, celebrating together the launching of the remarkable exhibition. Adding to the day's festivities, the artists hosted an engaging workshop with students from local universities, sharing not only their creative concepts and inspirations but also their IP's collaborations across different fields. Speaking at the ceremony, Ms. Hazel Wong remarked: "Through our ongoing commitment to promoting local Macau talents and introducing international artists, GalaxyArt strives to foster cultural and artistic innovation and exchange within the Greater Bay Area through our 'Culture + Art' initiatives. The Boom and Bloom Exhibition showcases the creativity of a new generation of artists from Guangdong, Hong Kong, and Macau. In this auspicious time of renewal, we are thrilled to present this extraordinary artistic journey of Chinese culture, offering Macau locals and global visitors alike an inspiring start to 2025". As the Chinese New Year approaches, The Boom and Bloom Exhibition emerges as a highlight of Galaxy Macau's New Year celebrations. Curator Gary Mok has creatively transformed the 6,500-square-foot GalaxyArt into a traditional Chinese garden, complete with signature architectural features, vibrant plants, and colorful blooms. This serene and meandering landscape serves as the backdrop for the debut collaboration between Sanchia Lau's Wishing Doll and Ray Chan's Shake Money Tree. Curator Mr. Gary Mok, artists Sanchia Lau and Ray Chan have joined forces for the first time to merge their well acclaimed artistic IPs — Wishing Doll and Shake Money Tree. At the opening ceremony, the curator and two artists expressed their heartfelt gratitude to the Macao SAR government and GEG for their generous support. Ray Chan shared the artistic vision behind their collaboration, blending pop art with trends popular among young people to reinterpret traditional Chinese New Year blessings. He remarked, "This is not just a visual and artistic feast; it's a journey of cultural heritage." Sanchia Lau introduced a new series of blessing-themed characters created for the exhibition, explaining, "The combination of the money tree and wish doll represents love and wealth." Gary Mok highlighted GEG's exemplary role in supporting the arts, noting that the exhibition offers both visual appeal and entertainment, benefiting artists and art enthusiasts alike. Ray Chan's Shake Money Tree centers around a fortune-attracting pine tree, symbolizing the harmonious coexistence of wealth and nature while emphasizing the importance of financial management. Designed as a roly-poly toy, it inspires young people to maintain a positive mindset and embrace hope and aspirations in life. Meanwhile, Sanchia Lau's Wishing Doll reflects a profound understanding of the pursuit of dreams. Together, their works merge auspicious Chinese symbols with modern design, sparking a compelling dialogue between tradition and contemporary art that resonates deeply with younger audiences. The exhibition features three specially commissioned thematic artworks premiering in Macau, alongside five captivating creations from the Shake Money Tree series. The three exclusive designs, known for their intricate craftsmanship and auspicious symbolism, are particularly noteworthy: "Joy and Glory" is inspired by precious jewels and metals, featuring large, lustrous "pearls" and glittering "gold ingots" that symbolize opulence and blessings for a prosperous year ahead. "Boom and Bloom" is an interactive installation that brings the Shake Money Tree to life. Guests can shake the golden tree to release symbolic gold ingots, attracting endless prosperity. Meanwhile, "A Propitious Omen" embodies the concepts of love and prosperity, with the lotus — the symbol of Macau — adding a unique touch and representing fortune and harmony for the new year. The Boom and Bloom Exhibition showcases three specially commissioned thematic artworks —Boom and Bloom, A Propitious Omen, Joy and Glory— exclusively created for Galaxy Entertainment Group and premiering for the first time in Macau. Throughout the exhibition, GalaxyArt transforms into a dazzling artistic paradise. Guests can explore the newly launched art boutique, showcasing limited-edition collectibles and exclusive merchandise inspired by the artists' creations. The exhibition also features interactive photo zones and regular art workshops, offering a vibrant experience for visitors of all ages. GalaxyArt unveiled an exclusive art boutique, offering a curated collection of meticulously crafted merchandise and limited-edition blind boxes by the featured artists, inviting guests to bring home a piece of this artistic journey. GEG upholds its "Culture + Art" philosophy, actively fostering artistic exchange within the Greater Bay Area and establishing GalaxyArt as a premier hub for contemporary art and interactive experiences. Since its opening in July 2021, GalaxyArt has hosted an impressive array of solo and group exhibitions, featuring art talents from Macau, Hong Kong, and international artists. Spanning a variety of art forms and themes, these exhibitions have included live mural painting by resident artists, immersive digital art installations, cinematic photography, and large-scale installations. GalaxyArt has become a cornerstone of GEG's commitment to advancing art and culture, while also playing a pivotal role in supporting the Macao SAR Government's initiatives to promote the diversified development of the city's tourism industry. On the opening day, students from the local universities joined the artists for a special sharing session. Exhibition Details Event: Boom and Bloom Exhibition Date & Time: 10am - 10pm, now until March 9, 2025 (Free Admission) Location: GalaxyArt, 1/F Galaxy Promenade, Galaxy Macau Hashtag: #GalaxyMacauThe issuer is solely responsible for the content of this announcement.ABOUT GALAXY MACAU INTEGRATED RESORT Galaxy Macau™, The World-class Luxury Integrated Resort delivers the "Most Spectacular Entertainment and Leisure Destination in the World". Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world's longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate. As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies. Embark on a delightful and rewarding journey at Galaxy Promenade, the one-stop shopping destination boasting some of the world's most iconic luxury brands. Be the first to get the latest limited-edition items; explore fascinating pop-ups by coveted labels and revel in fabulous shopping rewards and privileges. Our VIPs are entitled to a highly-curated experience with dedicated personal shoppers at guests' service, and be invited to exclusive luxury brand events. A different caliber of privileges and rewards also await. Discover the joys of fashion and stand at the forefront of style and sophistication—Galaxy Promenade has everything guests need to stay ahead of the style game. Galaxy Cinemas takes immersive movie experiences to the next level with the latest audio-visual technology, ultra-luxurious facilities and bespoke services; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai's golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavors & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavors at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff. Galaxy International Convention Center (GICC) is the latest addition to the Group's ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world- class event venue featuring 40,000-square-meter of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau. For more details, please visit www.galaxymacau.com, www.broadwaymacau.com.mo and www.galaxyicc.com.
SEOUL, South Korea, Jan. 20, 2025 /PRNewswire/ -- Korea Zinc has announced that the National Pension Service (NPS) has decided on its voting direction for Korea Zinc's Extraordinary General Meeting (EGM). As the world's third-largest pension fund and Korea's representative public pension, this decision will no doubt carry substantial significance. On the 17th, the NPS Trustee Responsibility Committee convened and decided to support key agenda items proposed by Korea Zinc's current management, including the introduction of a cumulative voting system and capping the number of directors at 19. This aligns with the recommendations of global proxy advisory firms like ISS and Glass Lewis, marking a clear affirmation of the stance that maintaining the current management structure is preferable. This decision holds implications beyond a simple institutional investor's resolution. Politicians from both ruling and opposition parties have emphasized the need to protect Korea Zinc, a key contributor to national industry. Members of the National Assembly's Industry Committee have pointed out the risks of technological leakage to countries like China, calling on the government to address the issue proactively. Concerns over the Korea Zinc situation have also been raised in U.S. political circles. U.S. Representative Eric Swalwell, co-chair of the Critical Minerals Caucus, sent an official letter to the Department of States expressing concerns that the China Investment Corporation (CIC) is among the key investors in MBK Partners. He urged an evaluation of the Korea Zinc situation in consideration of the shared national security interests of South Korea and the United States. Former White House National Security Advisor Robert O'Brien also warned in a media article of the risks of key mineral technologies being transferred to China if Korea Zinc is sold. A notable aspect is that the NPS is a major limited partner (LP) in MBK Partners. As the most influential investor in Korea's private equity sector, the NPS's decision reflects considerations beyond investment interests, likely reflecting broader national industrial policy concerns. A Korea Zinc official stated, "This decision by the NPS recognizes the importance of Korea Zinc's sustainable development and technological competitiveness as a key component of national industry. We will continue to enhance shareholder value and contribute to national industrial development." Industry experts predict that this decision will serve as an important signal for future policies aimed at protecting domestic key industries. Considering the symbolic nature of the NPS as a public institution, this decision transcends a routine voting action and carries implications for consensus among industrial policy.
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