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COPENHAGEN, Denmark, Sept. 27, 2023 /PRNewswire/ -- Today, on the occasion of Global Fashion Summit: Boston Edition 2023, Global Fashion Agenda (GFA) has released the 2023 edition of the Fashion CEO Agenda - a concise report to support the establishment and implementation of leadership strategies to achieve a net positive fashion sector that puts back more into society, the environment, and the global economy than it takes out. In a first for the Fashion CEO Agenda, this edition has been developed to include subsequent action areas for brands, retailers, and producers. With less than seven years to deliver on the UN's Sustainable Development Goals, fashion industry leaders, together with the broader sector, must take urgent steps to make sustainability an integral part of their business strategies. Developed for executives of fashion brands, retailers, and producers, the Fashion CEO Agenda is a succinct resource to support executives in accelerating tangible action across five socio-environmental sustainability priorities: Respectful and Secure Work Environments Better Wage Systems Resource Stewardship Smart Material Choices Circular Systems The 2023 edition includes action areas that have been established through several years of stakeholder engagement and reinforced through the global Fashion Industry Target Consultation, led by GFA in partnership with the United Nations Environment Programme (UNEP). The organisations consulted several hundred industry stakeholders through numerous regional workshops and surveys translated into several languages to help inform a holistic framework that captures global perspectives on social and environmental sustainability. Action areas outlined in the report include promoting worker access to effective grievance mechanisms, promoting fair compensation and living wages, establishing water stewardship, and addressing overproduction. Moreover, the report reiterates the need to adopt existing industry-aligned targets, including UNFCCC's time-bound targets on decarbonisation and the uptake of preferred and low climate impact materials. The material actions outlined are based on consensus across industry stakeholders and topical experts. Extensive stakeholder engagement demonstrated that substantial action is still urgently needed from all actors in the value chain, while such action must be informed by local contexts. To complement the Fashion CEO Agenda, GFA has created a 2030 Fashion Sector Vision, which presents where the overall sector should be in relation to each of the five sustainability priority areas within only seven years - a critical milestone on the road to net positive by 2050. The objective is to unite the broader sector, consisting of industry actors such as brands, retailers, and producers and other key stakeholders including consumers, citizens, NGOs, innovators, policymakers, and investors. To realise this Vision, it is imperative that the sector moves from ambition to action - the theme underpinning Global Fashion Summit: Boston Edition 2023. GFA now calls on fashion leaders to align their corporate strategies to the priorities and actions laid out in the Fashion CEO Agenda and for the wider sector to support in fostering a conducive environment for scaling this transformation. Federica Marchionni, CEO, Global Fashion Agenda, says: "Promising pockets of development confirm the industry's commitment to revolutionise the garment sector. To spur more action, I am proud to present to you the new Fashion CEO Agenda - a concise checklist outlining the implementation pathways for GFA's five socio-environmental sustainability priorities to support fashion executives in establishing and implementing leadership strategies that will protect and benefit us all. I hope this report can be a source for tangible guidance and act as a companion for the industry as it embarks on the pathway to becoming net positive." The Fashion CEO Agenda 2023 is an openly accessible resource and available to download here. For more information contact: press@globalfashionagenda.org The following files are available for download: https://news.cision.com/global-fashion-agenda/i/fashion-ceo-agenda-2023-cover---janine-rewell,c3218910 Fashion CEO Agenda 2023 Cover - Janine Rewell
Highlights the Long-Term Benefits of the Deal, Including the Ability to Fuel New Growth in China While Reducing Operation Costs NEW YORK, Sept. 27, 2023 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced that leading independent proxy advisory firm Institutional Shareholder Services, Inc. ("ISS") has recommended that shareholders of IMAX China (HKSE:1970), a Hong Kong-listed subsidiary established by IMAX Corporation to oversee its business in Greater China, vote "FOR" the Company's previously announced privatization transaction with IMAX. In making its recommendation, ISS stated in its September 26, 2023 report that1: "A vote FOR these resolutions is warranted given that the Scheme will assure value for the shareholders as well as allow them to leverage the value of their investments in the company at a reasonable premium to the historical price of the shares." "The privatization of the company may potentially provide greater long-term benefits over the group's development and financial position, as the company may reduce operation costs and could allow the management to focus their resources on the development of its businesses." "The Offer Price is deemed fair and reasonable. If the Scheme is not approved and the company's withdrawal of listing will not take place, the shareholders could face the risk of the company's share price dropping to a level close to the unaffected price." "The Scheme would provide the shareholders the opportunity to realize their investments at a significant premium to the historical price of the company's shares." "As explained by the company and IFA, the performance demonstrated by the trading volume of the company's shares has been generally low in the past year. The low trading liquidity of the company's shares could make it difficult for shareholders to dispose large volume of shares without adversely affecting the price of shares." Rich Gelfond, CEO of IMAX Corporation, commented on the report saying, "The support of leading independent proxy advisor ISS is strong validation of our fair and reasonable offer to take IMAX China private — an offer which represents a substantial premium to current market prices. We encourage shareholders to approve the transaction and realize the value in this offer, while retaining the opportunity to reinvest in IMAX Corporation shares and participate in the company's continued growth in China." As announced on July 12, 2023, IMAX and IMAX China filed a proposal to acquire the outstanding 96.3 million shares in IMAX China for approximately HK$10 per share in cash / USD $124 million. The offer represents an approximate 49% premium to the 30-trading day average closing price. Upon approval of the offer and the scheme of arrangement, IMAX Corporation will own 100% of IMAX China. IMAX China has scheduled an Extraordinary Shareholders Meeting to approve the proposed transaction with IMAX for October 10, 2023. All stockholders of record as of the close of business on October 4, 2023 are entitled to vote. The offer has been approved by both IMAX Corporation and IMAX China's Boards of Directors. In addition, the transaction was reviewed and approved by an independent committee of the IMAX China board at the recommendation of an Independent Financial Advisor ("IFA"), who concluded the transaction terms are fair and reasonable. The full IFA letter is contained in the scheme document jointly issued by IMAX China and IMAX Corporation on September 15, 2023. 1 Permission to use quotations neither sought nor obtained. About IMAX Corporation IMAX, an innovator in entertainment technology, combines proprietary software, architecture, and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX systems to connect with audiences in extraordinary ways, making IMAX's network among the most important and successful theatrical distribution platforms for major event films around the globe. Streaming technology company SSIMWAVE, an IMAX subsidiary, is a leader in AI-driven video quality solutions for media and entertainment companies. IMAX is headquartered in New York, Toronto, and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of June 30, 2023, there were 1,718 IMAX systems (1,638 commercial multiplexes, 12 commercial destinations, 68 institutional) operating in 87 countries and territories. Shares of IMAX China Holding, Inc., a subsidiary of IMAX Corporation, trade on the Hong Kong Stock Exchange under the stock code "1970." IMAX®, IMAX® Dome, IMAX® 3D, IMAX® 3D Dome, Experience It In IMAX®, The IMAX Experience®, An IMAX Experience®, An IMAX 3D Experience®, IMAX DMR®, DMR®, Filmed For IMAX™, IMAX LIVE™, IMAX Enhanced™, IMAX nXos®, SSIMWAVE® and Films to the Fullest®, are trademarks and trade names of the Company or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions. For more information, visit www.imax.com. You may also connect with IMAX on Instagram (www.instagram.com/imax), Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax), YouTube (www.youtube.com/imaxmovies) and LinkedIn (www.linkedin.com/company/imax). Forward-Looking Statements This press release contains forward looking statements that are based on IMAX management's assumptions and existing information and involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. These forward looking statements include, but are not limited to, statements regarding the benefits of the acquisition, expansion and growth of business, operations and technology, industry prospects and consumer behavior, plans and references to the future success of IMAX Corporation together with its consolidated subsidiaries and expectations regarding the Company's future operating, financial and technological results. These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. However, whether actual results and developments will conform with the expectations and predictions of the Company is subject to a number of risks and uncertainties, including, but not limited to, risks related to the adverse impact of the COVID-19 pandemic; risks associated with investments and operations in foreign jurisdictions and any future international expansion, including those related to economic, political and regulatory policies of local governments and laws and policies of the United States and Canada as well as geopolitical conflicts, such as the conflict between Russia and Ukraine; risks related to the Company's growth and operations in China; the performance of IMAX DMR® films and other films released to the IMAX network; the signing of IMAX System agreements; conditions, changes and developments in the commercial exhibition industry; risks related to currency fluctuations; the potential impact of increased competition in the markets within which the Company operates, including competitive actions by other companies; the failure to respond to change and advancements in digital technology; risks relating to consolidation among commercial exhibitors and studios; risks related to brand extensions and new business initiatives; conditions in the in-home and out-of-home entertainment industries; the opportunities (or lack thereof) that may be presented to and pursued by the Company; risks related to cyber-security and data privacy; risks related to the Company's inability to protect its intellectual property; risks related to climate change; risks related to weather conditions and natural disasters that may disrupt or harm the Company's business; risks related to the Company's indebtedness and compliance with its debt agreements; general economic, market or business conditions; risks related to political, economic and social instability, including with respect to the Russia-Ukraine conflict; the failure to convert IMAX System backlog into revenue; changes in laws or regulations; any statements of belief and any statements of assumptions related to the foregoing; other factors and risks outlined in the Company's periodic filings with the United States Securities and Exchange Commission or in Canada, the System for Electronic Document Analysis and Retrieval; and other factors, many of which are beyond the control of the Company. Consequently, all of the forward looking statements made in this press release are qualified by these cautionary statements, and actual results or anticipated developments by the Company may not be realized, and even if substantially realized, may not have the expected consequences to, or effects on, the Company. These factors, other risks and uncertainties and financial details are discussed in IMAX's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or otherwise. No statement in this press release should be interpreted to mean that the earnings or financial performance of IMAX Corporation or IMAX China for the current year or future years will necessarily match or exceed the historical or published earnings or financial performance of IMAX Corporation or IMAX China, respectively. For more information, please contact: Investors:Jennifer Horsleyjhorsley@imax.com Media:Mark Jafarmjafar@imax.com
New Agreement Marks First-Ever IMAX with Laser Location in the Country NEW YORK and KUALA LUMPUR, Malaysia, Sept. 27, 2023 /PRNewswire/ -- TGV Cinemas and IMAX Corporation (NYSE: IMAX) today announced a major expansion of their partnership with seven state-of-the-art IMAX with Laser systems in Malaysia. The agreement includes four new locations – including two in Kuala Lumpur – and three existing locations, upgraded to state-of-the-art IMAX with Laser. The first new IMAX with Laser location – a first for the country – located in Pavilion Bukit Jalil, Kuala Lumpur, is set to open on October 5, 2023. TGV Cinemas and IMAX have enjoyed a successful partnership since 2011 and at present, IMAX partners with TGV Cinemas on seven locations in operation across Malaysia and one backlog, including the iconic Pavilion Bukit Jalil location. This agreement will increase the total number of IMAX locations for TGV Cinemas to 12. "We are thrilled to be at the forefront of the Malaysian cinema industry, and the introduction of IMAX with Laser and 12-Channel sound technology is another major step forward in bringing the best in wide screen immersive cinema experiences to our audiences, made possible by this partnership with IMAX," said Tan Lay Han, CEO of TGV Cinemas. "This significant milestone highlights TGV Cinemas' mission to continuously push the boundaries of cinematic innovation and deliver the best moviegoing experiences." "Malaysian moviegoers are some of the most passionate in the world and we are seeing a surging demand for the IMAX Experience in this thriving market for global cinema," said Rich Gelfond, CEO of IMAX. "We're excited to partner with TGV Cinemas to bring IMAX with Laser Systems and 12-Channel Sound Technology for Malaysian audiences to experience the most immersive cinematic experience." Malaysia is a fast-growing market for IMAX, consistently ranking among the top 25 global markets for IMAX box office despite having only 11 IMAX locations currently in operation. The growth has spurred IMAX to move further into local films in Malaysia, with the company debuting its first Malaysia release, "Malbatt: Misi Bakara" in August 2023. Recently, Christopher Nolan's "Oppenheimer" became the number two all-time release in Malaysia, with James Cameron's "Avatar: The Way of Water" holding the number one all-time box office position in the market. The seven new and upgraded TGV Cinemas will be equipped with IMAX with Laser, IMAX's most advanced theatre experience. IMAX with Laser Systems and 12-Channel Sound Technology is immersive by design, developed from the ground-up to deliver crystal clear, lifelike images and precision audio for a moviegoing experience unlike anything else. The ground-breaking 4K laser projection system features a new optical engine, custom designed lenses, and a suite of proprietary technology that delivers brighter images with increased resolution, deeper contrast, and the widest range of colors exclusively to IMAX screens. About IMAX Corporation IMAX, an innovator in entertainment technology, combines proprietary software, architecture, and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX systems to connect with audiences in extraordinary ways, making IMAX's network among the most important and successful theatrical distribution platforms for major event films around the globe. IMAX is headquartered in New York, Toronto, and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of June 30, 2023, there were 1,718 IMAX systems (1,638 commercial multiplexes, 12 commercial destinations, 68 institutional) operating in 87 countries and territories. Shares of IMAX China Holding, Inc., a subsidiary of IMAX Corporation, trade on the Hong Kong Stock Exchange under the stock code "1970." IMAX®, IMAX® Dome, IMAX® 3D, IMAX® 3D Dome, Experience It In IMAX®, The IMAX Experience®, An IMAX Experience®, An IMAX 3D Experience®, IMAX DMR®, DMR®, Filmed For IMAX™, IMAX LIVE™, IMAX Enhanced™, IMAX nexus®, SSIMWAVE®, and Films to the Fullest®, are trademarks and trade names of the Company or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions. For more information, visit www.imax.com. You may also connect with IMAX on Instagram (www.instagram.com/imax), Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax), YouTube (www.youtube.com/imaxmovies), and LinkedIn (www.linkedin.com/imax). About TGV Cinemas At TGV Cinemas, it is not just about movies but a total entertainment experience! Since 1995, we have welcomed millions of guests through our doors offering the widest range of cinematic experiences in Malaysia. We are proud to lead Malaysia with the first-in-market, IMAX with Laser Systems and 12-Channel Sound technology, delivering the world's most captivating movie-going experience. Our Indulge halls redefine premium movie-going with a butler-to-table service that will make you feel like a movie star! Relaxation finds a home in our Beanie halls, providing comfort through our cozy beanbag pods. And don't forget our Junior halls, where edutainment takes the spotlight, inviting kids to play, laugh, and learn. With a national network of multiplexes spanning 39 locations nationwide, we are committed to creating joyful moments and unforgettable memories at the movies. Beyond the screen, we are widely renowned for our mouth-watering double caramel Royale popcorn, voted Malaysia's favourite cinema popcorn in 2020. We are also home to the country's leading cinema loyalty programme 'TGV Cinemas MovieClub' with over 3 million members. Whether you need family fun, a great night out, a luxurious experience or an immersive cinematic adventure - you can have it all at TGV Cinemas. For additional information please contact: Investors:Jennifer Horsleyjhorsley@imax.com212.821.0154 Media:Mark Jafarmjafar@imax.com212.821.0102 Logo - https://mma.prnasia.com/media2/74988/imax_corporation_logo.jpg?p=medium600
Application Deadline Extended to Promote Inclusivity and Global Innovation RIYADH, Saudi Arabia, Sept. 27, 2023 /PRNewswire/ -- The Digital Cooperation Organization (DCO) has announced an extension of the submission deadline for the Digital Prosperity Awards. The awards have garnered significant attention and interest from the global digital community, spanning government entities, private sector organizations, and civil society groups. This interest has prompted an extension of the application deadline, offering more entities the opportunity to participate. Left: H.E. Dr. Ghita Mezzour, Minister of Digital Transition and Administration Reform, Morocco. Right: Rwanda’s Minister of ICT and Innovation, Honorable Ms. Paula Ingabire. In August, the DCO initiated the registration process for the Digital Prosperity Awards, inviting participation from public sector, private sector, and civil society organizations from all over the world. These awards aim to acknowledge outstanding digital contributions that drive progress and prosperity, with a particular focus on advancing the digital economy, a pivotal catalyst for sustainable growth on a global scale. To date, the awards have received submissions from diverse corners of the world, including countries such as Chile, Costa Rica, Malawi, Senegal, and more, showcasing the international momentum behind this initiative. The awards have also received substantial support from ministers and representatives of the DCO's Member States. In response to this broad interest, the Digital Cooperation Organization has decided to extend the application deadline until October 31st. Underlining the swell of governmental support, H.E. Dr. Ghita Mezzour, Minister of Digital Transition and Administration Reform, Morocco, commented: "In Morocco, we view digital technology as an accelerator of socio-economic development. The Digital Prosperity awards offer an excellent platform to showcase pioneering innovations and enable startups to connect with clients and investors on a global scale." Rwanda's Minister of ICT and Innovation, Honorable Ms. Paula Ingabire, added: "We are greatly encouraged by Rwanda's active participation in the Digital Prosperity Awards. These awards are a fantastic chance for us to showcase our innovations and for our startups to connect with potential clients and investors worldwide. I encourage all our innovators to submit their projects before the nomination deadline." Among the distinguished panelists judging the award are Daniel Marco, Digital Innovation Senior Advisor for the Government of Catalonia, Spain; Naseer Akhtar, President and CEO of InfoTech Group; and Hani AlGhofaily, Chairman of the Board of the Digital Economy Center in the Saudi Arabia. To learn more about the award categories and the nomination process and submit or nominate a project, please visit the official Digital Prosperity Awards website at www.DigitalProsperityAwards.com Contact:Yehia IssaM +971 55 778 3004E: yehia.issa@fleishman.com
SAN DIEGO and SHANGHAI, Sept. 27, 2023 /PRNewswire/ -- ABM Therapeutics is pleased to announce today that the U.S. Food and Drug Administration (FDA) has granted Fast Track Designation for the investigation of ABM-1310 for the treatment of Glioblastoma (GBM) patients carrying BRAF V600E mutation, following the Orphan Drug Designation for ABM-1310 to treat malignant gliomas including GBM received in July. The FDA grants Fast Track Designation to facilitate the development and expedite the review of medicines to treat serious conditions and fill an unmet medical need. Fast Track Designation is intended to bring promising medicines to patients sooner. ABM-1310 is an investigational therapeutic candidate currently undergoing clinical development for BRAF V600E mutant solid tumors. The Fast Track Designation paves the potential path of ABM-1310 to have a significant impact on patients with BRAF V600E mutant Glioblastoma. The Fast Track Designation also reinforces ABM's commitment to advancing this target therapy for Glioblastoma patients. ABM is ready to work closely with the FDA to expedite its development. "We are very grateful to the FDA for recognizing the potential of our novel next-generation investigational drug ABM-1310 to help patients with brain tumors," said Zane Yang, M.D., CMO of ABM Therapeutics. "This offers ABM an interactive collaboration with the FDA to ensure ABM-1310 clinical development expeditiously with the highest standards of safety and quality." ABM Therapeutics acknowledges the contributions of our team, partners, and investors who have played a vital role in reaching this milestone. Our mission remains to focus on developing innovative therapies for patients. About ABM Therapeutics ABM Therapeutics, a clinical-stage biopharmaceutical company with a mission to focus on small molecule research and development of novel drugs for the treatment of cancer, brain cancer and cancer metastases. ABM has been building a broad and robust proprietary pipeline to construct a brain medicine R&D platform. ABM's pipeline includes several programs in various stages of discovery and development, most of which have improved brain permeability to address the unmet needs of treating cancers and metastases in the brain.
HANGZHOU, China, Sept. 26, 2023 /PRNewswire/ -- China Jo-Jo Drugstores, Inc. (Nasdaq: CJJD) ("Jo-Jo Drugstores" or the "Company"), a leading online and offline retailer, wholesale distributor of pharmaceutical and other healthcare products and healthcare provider in China, today announced that it has entered into definitive agreements with a number of investors providing for the issuance of 9.96 million ordinary shares, at a purchase price of $0.26 per share (the "Purchase Price"), in a registered direct offering for aggregate gross proceeds of approximately $2.59 million. Jo-Jo Drugstores also agreed to issue to the investors registered warrants to purchase up to 19.92 million ordinary shares. The warrants will have a term of three years, be exercisable immediately at the Purchase Price. The closing of the sale of the securities is expected to occur on or about September 28, 2023, subject to satisfaction of customary closing conditions. Jo-Jo Drugstores intends to use the net proceeds from the offering for general corporate purposes and working capital. The ordinary shares and warrants described above are being offered pursuant to a "shelf" registration statement on Form F-3 (File No. 333-259692), which was declared effective by the United States Securities and Exchange Commission (the "SEC") on December 19, 2022. The ordinary shares and warrants described above may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. When filed with the SEC, copies of the final prospectus supplement and the accompanying prospectus relating to the registered direct offering may be obtained at the SEC's website at http://www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. About China Jo-Jo Drugstores, Inc. China Jo-Jo Drugstores, Inc. ("Jo-Jo Drugstores" or the "Company"), is a leading online and offline retailer and wholesale distributor of pharmaceutical and other healthcare products and a provider of healthcare services in China. Jo-Jo Drugstores currently operates an online pharmacy and retail drugstores with licensed doctors on site for consultation, examination and treatment of common ailments at scheduled hours. It is also a wholesale distributor of products similar to those carried in its pharmacies. For more information about the Company, please visit http://jiuzhou360.com. The Company routinely posts important information on its website. Forward-Looking Statements This press release contains information about the Company's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company's encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission. For more information, please contact: Company Contact: Frank ZhaoChief Financial Officer+86-571-88077108frank.zhao@jojodrugstores.com Investor Relations Contact:Tina XiaoAscent Investor Relations LLC+1- 646-932-7242investors@ascent-ir.com
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