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HONG KONG, Jan. 17, 2024 /PRNewswire/ -- CoinEx, a globally recognized cryptocurrency exchange, experienced significant growth and transformation in 2023 amidst a challenging market downturn. Despite the volatility, CoinEx focused on improving its user experience, enhancing its asset security system, and building its brand value. During the year, CoinEx attracted over 5 million registered users from more than 200 countries and regions, offering support for 16 languages. CoinEx listed over 800 cryptocurrencies and 1200+ trading pairs, catering to the diverse investment needs of global users. CoinEx prioritized the value proposition of its native token, CET, by implementing daily repurchases and monthly burn policies. By January 2024, CoinEx repurchased and burned CET tokens worth over $230 million. CoinEx placed great emphasis on asset security, maintaining a 100% reserve ratio and being transparent about its reserves through the "Merkle Tree" audit method. The platform implemented robust offline storage systems, multi-signature solutions, and comprehensive security emergency plans. In terms of products and services, CoinEx made over 100 significant optimizations and upgrades. It introduced the "Strategic Trading" function for professional traders and established a dedicated "Newbie Zone" for novice investors. Additional features like Special Treatment (ST) rules and futures trading enhancements were also introduced to enhance trading efficiency. CoinEx focused on enhancing its brand value and expanding its ecosystem in 2023. It launched the Global Broker Program and Creator Program, sponsored multiple industry events, and actively engaged in charitable activities through CoinEx Charity. Looking ahead to 2024, CoinEx aims to continue improving its infrastructure and ecosystem while addressing user needs and optimizing the overall product experience. It aspires to empower crypto users and contribute to the growth and development of the cryptocurrency industry. About CoinEx Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 5 million users across 200+ countries and regions. Since its establishment, CoinEx has steadfastly adhered to a "user-first" service principle. With the sincere intention of nurturing an equitable, respectful and secure crypto trading environment, CoinEx enables individuals with varying levels of experience to effortlessly access the world of cryptocurrency by offering easy-to-use products.
HONG KONG SAR - Media OutReach Newswire - 17 January 2024 - WBTT has recently been officially launched, incorporating a randomness mechanism on the basis of Fair Launch. Utilizing hash randomness, it ensures the openness and transparency of participating users in the game and allows for inquiries on the blockchain explorer. WBTT, supported by the infrastructure Wubit of Inscription Asset Trading, is an inscription asset that improves upon the Fair Launch model. It goes live in a more interesting and fair manner by applying blockchain technology to ensure the fairness and randomness of asset acquisition. This approach prevents malicious users from engaging in unfair competition through abnormal means, ensuring equitable asset acquisition for every user. Inscription is a novel asset issuance scheme, enabling non-Turing-complete chain ecosystems to issue assets. The rise of the Inscription track has once again placed the Bitcoin ecosystem at the center of the cryptographic world. This "Fair Launch" method is allowing all participants to engage fairly. The majority of inscription assets are launched through "Fair Launch." This method is characterized by a "first come, first served" approach to fair "Minting," treating VC investors and retail investors equally. Everyone must actively "race for speed" or "luck" to acquire tokens. This fair launch approach has awakened all retail players, leading them to participate enthusiastically in the "Fair Launch" revolution. The Fair Launch ideology is advanced and resembles a revolutionary experiment, with retail investors moving from the sidelines to center stage. However, Fair Launch has weakened the voice of VC investors and also provided opportunities for dishonest users (scientists), who engage in unfair competition through abnormal means, infringing on the rights of honest users. This is the biggest challenge faced by Fair Launch. The innovation of WBTT lies in the fact that none of the participating users can know the final winner of the game until its conclusion and the results are announced. After all, no one can crack the hash in advance, leaving bots and malicious users helpless in this model. Regarding the WBTT token, as more users participate, it will be continuously destroyed, quickly forming a cycle of value generation. This serves as a significant incentive for all users to participate. In fact, WBTT is part of the inscription ecosystem supported by Wubit. Wubit has built a suite of infrastructure solutions for inscription asset trading, including cross-chain bridges and launchpads, and provides long-term value foundations for various inscription projects, backed by the multi-billion dollar market scale of the inscription sector. In the future, WBTT will play an even more important role in Wubit's inscription infrastructure, continuously capturing value from outside through long-term empowerment. The earlier WBTT is obtained, the higher the expected value gain. Hashtag: #WubitThe issuer is solely responsible for the content of this announcement.
GOTHENBURG, Sweden, Jan. 17, 2024 /PRNewswire/ -- SKF will publish its full-year results for 2023 on 31 January 2024 at approximately 07:00 (CET). Investors, analysts and media are invited to join a webcast, which will be held in English, at 08:00 (CET). To join the webcast, please login at least 10 minutes before the start using the below link or phone numbers. Link to web event: https://www.investis-live.com/skf/659d1b8d9608da12002f8d22/lape Sweden +46 10 884 80 16UK / International +44 20 3936 2999Passcode: 027223 All information regarding the results will be made available on the Group's IR website: https://investors.skf.com/en/reports-and-presentations Media: To book interviews with Rickard Gustafson, President and CEO, or Niclas Rosenlew, CFO, after the webcast, please contact Carl Bjernstam on carl.bjernstam@skf.com. Aktiebolaget SKF (publ) For further information, please contact:PRESS: Carl Bjernstam, Head of Media Relationstel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: carl.bjernstam@skf.com INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relationstel: 46 31-337 2104; mobile: 46 705-472 104; patrik.stenberg@skf.com The following files are available for download: https://mb.cision.com/Main/637/3910731/2544631.pdf 20240117 SKF to publish full-year results on 31 January
XINTAI, China, Jan. 17, 2024 /PRNewswire/ -- As one of the largest dairy and milk consumers in the world, with an annual industry growth rate of about 10 percent, China has in recent years set its sights on aseptic packaging, an unassuming but critical phase for the milk industrial chain, which aroused market attention as Chinese companies strategize to break foreign monopoly through business mergers and acquisitions. Chinese leading aseptic packaging enterprise Shandong NewJF Technology Packaging Co., Ltd (NEWJF) announced in January 2023 its acquisition of a 28.22 percent stake in Greatview Aseptic Packaging and completed the acquisition in October of the same year, notably boosting NEWJF's competitiveness in the liquid product packaging market. "From a macro point of view, the acquisition further enhanced China's food security and accelerated the domestic substitution in aseptic packaging sector," a representative from NEWJF, adding that the move also promoted a long-term steady development of downstream enterprises. "NEWJF values this cooperation opportunity, and is willing to explore the aseptic packaging sector providing clients and industry with better services," said the NEWJF，"It is our right to appoint directors as the largest shareholder and we believe that diversifying Greatview's board of directors will expedite its sustainable development." Founded in 2007, NEWJF, listed on the Growth Enterprise Market of the Shenzhen Stock Exchange in September 2, 2022, witnessed consecutive revenue growth from 2020 to 2022. Analysts believe that the acquisition will facilitate NEWJF in further exploring international markets. NEWJF became qualified provider of aseptic packaging material for Yili in 2009 and it solidified its ties when Yili bought a 20 percent stake in NEWJF in August 2015. While Yili's current stake has been reduced to less than 5 percent at present, it still remains NEWJF's largest client, generating 70 percent the packaging company's revenue. Greatview Aseptic Packaging accounts for about 40 percent of products of Mengniu, and is also the core supplier of New Hope Dairy and its wholly-owned subsidiaries Xiajin Milk. The acquisition helped NEWJF resolve overcapacity issues with Mengniu and enhance production efficiency by adopting a universal management system. The collaboration between the two leading companies also facilitated the healthy development of the industry, moving away from price wars. For further information on the appointment of directors, investors can contact: Tel: +86 010 8444 7866Email: ir@newjfpack.comWebsite: http://www.newjfpack.com
XINTAI, China, Jan. 17, 2024 /PRNewswire/ -- A report from Global Times: As one of the largest dairy and milk consumers in the world, with an annual industry growth rate of about 10 percent, China has in recent years set its sights on aseptic packaging, an unassuming but critical phase for the milk industrial chain, which aroused market attention as Chinese companies strategize to break foreign monopoly through business mergers and acquisitions. In the Chinese market, aseptic packaging demand is primarily driven by liquid milk products. In 2022, the retail scale of domestic liquid milk reached about 440 billion yuan, marking a 4 percent year-on-year increase. The sector's compound annual growth rate is projected at 4.8 percent, supporting the burgeoning aseptic packaging industry, according to data from China Insights Consultancy. Chinese leading aseptic packaging enterprise Shandong NewJF Technology Packaging Co., Ltd (NEWJF) announced in January 2023 its acquisition of a 28.22 percent stake in Greatview Aseptic Packaging and completed the acquisition in October of the same year, notably boosting NEWJF's competitiveness in the liquid product packaging market. "From a macro point of view, the acquisition further enhanced China's food security and accelerated the domestic substitution in aseptic packaging sector," a representative from NEWJF told the Global Times, adding that the move also promoted a long-term steady development of downstream enterprises. Both NEWJF and Greatview are prominent companies in the industry and their cooperation is seen as a strategic endeavor to enhance the overall competitiveness and productiveness of the domestic aseptic packaging industry. The two sides' partnership includes a centralized fund for research and development aimed at upgrading domestic aseptic packaging technology, ensuring the security and independent development of the sector, said the NEWJF. "NEWJF values this cooperation opportunity, and is willing to explore the aseptic packaging sector providing clients and industry with better services," said the NEWJF，as Greatview published circular and notice of Shareholders' Assembly on appointment of directors on January 9, 2024,"It is our right to appoint directors as the largest shareholder and we believe that diversifying Greatview's board of directors will expedite its sustainable development." Founded in 2007, NEWJF, listed on the Growth Enterprise Market of the Shenzhen Stock Exchange in September 2, 2022, witnessed consecutive revenue growth from 2020 to 2022. Analysts believe that the acquisition will facilitate NEWJF in further exploring international markets. About 20 years ago, aseptic packaging technology played a pivotal role in Chinese milk brands' nationwide development. This technology, which allowed for a six-month-expiration date for fresh milk, was initially monopolized by foreign companies, stifling the independent development of the domestic milk industry. At the time, Swedish aseptic packaging company Tetra Pak held over 90 percent of the domestic market share, cooperating with Chinese milk giants Yili and Mengniu. Before 2008, the cost for aseptic packaging accounted for about 30 percent of the overall cost of milk products, and compressed the profit margin of the milk industry. According to a report from Chinese analysis firm TF Securities, in 2020, Tetra Pak still accounted for over 50 percent of domestic market share, , while domestic aseptic packaging brands are expected to gradually increase market share by breaking through technological monopolies, and entering the core customer supply chain with a price advantage. NEWJF became qualified provider of aseptic packaging material for Yili in 2009 and it solidified its ties when Yili bought a 20 percent stake in NEWJF in August 2015. While Yili's current stake has been reduced to less than 5 percent at present, it still remains NEWJF's largest client, generating 70 percent the packaging company's revenue. Greatview Aseptic Packaging accounts for about 40 percent of products of Mengniu, and is also the core supplier of New Hope Dairy and its wholly-owned subsidiaries Xiajin Milk. The acquisition helped NEWJF resolve overcapacity issues with Mengniu and enhance production efficiency by adopting a universal management system. The collaboration between the two leading companies also facilitated the healthy development of the industry, moving away from price wars. What's more, Greatview's overseas manufacturing bases and aseptic filling machine technologies were also a catalyst for the domestic substitution process of aseptic packaging, further boosting NEWJF's global business. Business insiders said the acquisition positions NEWJF as the most promising aseptic packaging company in China, with the potential to replace Tetra Pak. According to data from SWS Research, domestic demand for aseptic packages was 113.6 million in 2022, up 3.2 percent year-on-year. The market scale has grown to 20.1 billion yuan, reflecting a 4.1 percent year-on-year increase. Considering the numerous opportunities in China's milk and beverage market, NEWJF is expected to replicate Tetra Pak's successful path and grow into a "Hidden Champion" in the unassuming industry of aseptic packaging. For further information on the appointment of directors, investors can contact:Tel: +86 010 8444 7866Email: ir@newjfpack.com Website：http://www.newjfpack.com
GUANGZHOU, China, Jan. 17, 2024 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that the MINISO 2024 Investor Day (the "Event") will be held on January 18, 2024 (Beijing Time) in Guangzhou, China to enhance the communication with investors. MINISO 2024 Investor Day will focus on the development strategy of the Company. The live stream of the event will be accessible globally by the following Zoom link at 8:30 P.M. Eastern Time on Wednesday, January 17, 2024 (9:30 A.M. Beijing Time on Thursday, January 18, 2024). Access Join Zoom meeting. Zoom link: https://zoom.com/j/95867323043?pwd=U0t3Nit4cTRZWVc4ZzRDVDlwdlFoZz09 Meeting Number: 958 6732 3043 Meeting Passcode: 9896 The Event materials will be available at/before 9:30 A.M. Beijing Time on Thursday, January 18, 2024 at the Company's investor relations website at https://ir.miniso.com/. About MINISO Group MINISO Group is a global value retailer offering a variety of trendy lifestyle products featuring IP design. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO's wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand "MINISO" as a globally recognized retail brand and established a massive store network worldwide. For more information, please visit https://ir.miniso.com/. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to,", "potential," "continue" or other similar expressions. Among other things, the quotations from management in this announcement, as well as MINISO's strategic and operational plans, contain forward-looking statements. MINISO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC") and The Stock Exchange of Hong Kong Limited (the "HKEX"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MINISO's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: MINISO's mission, goals and strategies; future business development, financial conditions and results of operations; the expected growth of the retail market and the market of branded variety retail of lifestyle products in China and globally; expectations regarding demand for and market acceptance of MINISO's products; expectations regarding MINISO's relationships with consumers, suppliers, MINISO Retail Partners, local distributors, and other business partners; competition in the industry; proposed use of proceeds; and relevant government policies and regulations relating to MINISO's business and the industry. Further information regarding these and other risks is included in MINISO's filings with the SEC and the HKEX. All information provided in this press release and in the attachments is as of the date of this press release, and MINISO undertakes no obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact: Raine HuMINISO Group Holding LimitedEmail: ir@miniso.comPhone: +86 (20) 36228788 Ext.8039
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