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SHENZHEN, China, Sept. 5, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, property management, and subleasing, has initiated preliminary discussions with Xianglilai Technology Co., Ltd ("Xianglilai"), a Chinese company involved in lithium battery research & development ("R&D"), manufacturing, and operations. These discussions align with Addentax's commitment to its recent venture with Auto City (Shenzhen) Autonomous Driving Co., Ltd. Dated on or around June 6, 2023, focused on artificial intelligence ("AI") cloud-based Level 4 ("L4") Autopilot R&D. Xianglilai is recognized as an "Internet-of-Things + Internet + New Energy" technology company, with core activities encompassing lithium battery R&D, manufacturing, and operations. The company holds a substantial portfolio of over 100 patents within China and maintains strategic partnerships with industry leaders. Through this potential collaboration, Addentax aims to enhance its logistics operations with advanced lithium battery technology, promoting sustainability and efficiency. Xianglilai's battery sharing services, available in many major Chinese cities, ensure timely deliveries with fully charged batteries, aligning perfectly with the global trend toward sustainability. Moreover, this potential partnership also complements Addentax's commitment to advancing battery technology for autonomous new energy vehicles. About Addentax Group Corp. Corp. Addentax Group Corp. Corp. is an integrated service provider specializing in garment manufacturing, logistics services, and property management and subleasing. For more information about the Company, please visit the website: https://www.addentax.com/. Caution Concerning Forward Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update 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 such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company's filings with the SEC, that may affect the Company's future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. These forward-looking statements are based on information currently available to Addentax and its current plans or expectations and are subject to a number of known and unknown uncertainties, risks and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These and other important factors are described in detail in the "Risk Factors" section of Addentax's Annual Report on Form 10-K for the year ended March 31, 2023. Although we believe the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur. Company Contact:Public Relations Contact:Addentax Group Corp.Phone: + (86) 755 86961 405cyseah@zgyingxi.com Investor Relations Contact: Sherry ZhengWeitian Group LLC1-718-213-7386shunyu.zheng@weitian-ir.com
NEW YORK, Sept. 5, 2023 /PRNewswire/ -- On the occasion of the International Day of Charity, occurring on September 5, LILYSILK, the world's leading silk brand with a mission to inspire people to live better, sustainable lives, is proud to announce it is continuing its support to National Breast Cancer Foundation, Inc. ® (NBCF) to promote breast cancer awareness. This year, LILYSILK is donating 1,500 Ideal Silk Eye Masks to support NBCF's mission. These eye masks will be used in NBCF's HOPE Kits, a tangible expression of hope, providing comfort & encouragement to women undergoing breast cancer treatment. This follows last year's $5,000 donation to the NBCF, which helped to support the charity and Helping Women Now® by providing help and inspiring hope to those affected by breast cancer through essential, life-saving programs and services. LILYSILK Donates 1500 Eye Masks to National Breast Cancer Foundation LILYSILK's contributions to National Breast Cancer Foundation align with the global effort to support charitable causes and improve the well-being of individuals worldwide. The United Nations' Sustainable Development Goals (SDGs) encompass a comprehensive framework for sustainable development, including Goal 3: Good Health and Well-Being. By supporting breast cancer awareness and providing comfort to women undergoing treatment, LILYSILK's donation contributes to achieving this SDG, promoting the health and well-being of individuals affected by breast cancer. The International Day of Charity, recognized by the United Nations, aims to raise awareness and mobilize individuals and organizations to contribute to the betterment of society. LILYSILK is honored to continue its commitment to philanthropy and its partnership with NBCF for the second consecutive year. The donation to NBCF to mark the International Day of Charity coincides with the 13th birthday celebrations of LILYSILK. As the silk brand celebrates this milestone with a special campaign running from August 8, LILYSILK CEO David Wang reaffirmed their commitment to making a positive impact on individuals' lives and the environment. "Throughout our journey, LILYSILK has always recognized that our growth is deeply intertwined with the support and trust we receive from society," said Wang. "At the heart of LILYSILK lies our unwavering commitment to care for one another and the planet. It is this driving force that fuels our determination to give back to the community and embrace our corporate social responsibility. Together, we can make a meaningful difference."
WILMINGTON, Del., Sept. 5, 2023 /PRNewswire/ -- Ugreen, a global leader in charging accessories, has partnered with Navitas Semiconductor, the industry leader in gallium nitride (GaN) power integrated circuits (ICs), to announce the release of the world's first 5-port 300W GaN desktop charger – the Ugreen Nexode 300W Desktop Charger. Ugreen Introduces World's First 5-Port 300W GaNFast Desktop Charger "Navitas has been working closely with UGREEN for a long time, it is our relentless pursuit of innovation that continues to refresh the milestone of fast charging," said Charles Zha, Vice President and General Manager of Navitas China. "This first 300W GaN desktop charger based on LLC structure can realize such astonishing power density with such small size, which once again propelled the revolution of GaN fast charging." Evan Li, Vice President of Ugreen said, "We are thrilled to introduce the world's first 5-port 300W GaN desktop charger. This high-powered charger incorporates Navitas's GaNFast™ chip and Ugreen's product design innovation, representing a significant breakthrough in fast charging technology. We look forward to strengthening our partnership with Navitas and continuing to provide consumers with safer and more efficient charging experiences." A new addition to the Ugreen Nexode series, the Ugreen Nexode 300W Desktop Charger is a high-power device that can fast charge five devices simultaneously, with four USB-C ports and one USB-A port. The single port output can deliver up to a maximum of 140W, powerful enough to charge a 16" MacBook Pro from 0 to 56% in just 30 minutes. This makes it the perfect solution for rapidly charging laptops, tablets, phones, and more. The charger supports PD 3.1 and QC3.0, along with other fast charging protocols including PD/QC/SCP/FCA/AFC, ensuring hyper-fast charging. Safety is a top priority with the charger. It features a built-in smart Thermal Guard™ system that monitors temperature changes in real-time, taking 6000 temperature readings each minute to protect connected devices from overheating, overcharging, and excessive current. Encased in a robust, fire-resistant, and flame-retardant PVC shell, the Ugreen Nexode 300W Desktop Charger offers enhanced protection against fire hazards, as well as resistance to bumps and drops. This charger is not just a potent charging solution, but also an environmentally friendly choice. It can significantly reduce carbon emissions by up to 30 percent, potentially eliminating an estimated 2.0 Gtons of CO2 by 2050, according to data from Navitas. Pricing and Availability Ugreen Nexode 300W desktop charger is available for purchase starting today, September 5th, for $269 in the U.S. on Amazon.com, and Ugreen.com. The recommended retail price for Amazon UK is £269.99, and €269.99 on Amazon EU. About Nexode Chargers: The Nexode series are high-end chargers that offer better heat dissipation, smaller size, and lower energy consumption, among other high-quality features. Learn more on Amazon. About Ugreen: Established in 2012, Ugreen specializes in providing distinguished accessories and digital solutions for global consumers. Ugreen has steadily grown into a trustworthy brand with over 40 million users worldwide, providing products ranging from charging devices, phone and computer accessories, to home and automobile accessories. For more information please visit www.ugreen.com. About Navitas: Navitas Semiconductor (Nasdaq: NVTS) is the only pure-play, next-generation power-semiconductor company, founded in 2014. GaNFast™ power ICs integrate gallium nitride (GaN) power and drive, with control, sensing, and protection to enable faster charging, higher power density, and greater energy savings. For more information, please visit www.navitassemi.com PR contact: Pr@ugreen.com
New report from international non-profit Forum for the Future highlights five key shifts businesses should implement to build operational resilience through intensifying social and environmental crises Comes amid more frequent extreme weather events and ahead of international 'Climate Week' gathering in New York LONDON and NEW YORK, Sept. 5, 2023 /PRNewswire/ -- International sustainability non-profit Forum for the Future has today published its latest Future of Sustainability report, "Courage to Transform". It highlights four possible future trajectories and calls for five shifts in how businesses operate if they are to manage the systemic risks associated with an increasingly disrupted climate. The report comes on the back of a series of unprecedented and extreme weather events, including wildfires across hemispheres, record-breaking heat waves in Europe, and intensifying air pollution and flooding in Asia. It recognises the extremely challenging operating environment businesses face right now, underpinned by growing geopolitical tensions: from inflation and price volatility, rapidly changing reporting standards, to an increasingly politicised ESG agenda. In a bid to enable leaders and change makers to stay focused on transformation, the report analyses examples of how businesses are responding to today's 'polycrisis' (defined by the World Economic Forum as a cluster of related global risks with compounding effects) and highlights four very different yet plausible 'future trajectories' as a result. These include scenarios where maximising shareholder value, above all else, remains the top priority for businesses; actions are being taken but fall short of creating lasting impact; data and tech are seen as 'silver bullet solutions' but in an over-reliant way; and, lastly, businesses fundamentally rethinking their responses to sustainability challenges. Dr Sally Uren, Forum for the Future's Chief Executive, said: "The Future of Sustainability offers a way of navigating the growing polycrisis. We need to shift our focus from mitigating risk to building resilience. While our analysis shows four possible futures emerging for business, we feel only one has the potential to create the socially just and regenerative future we urgently need. Realising this future will mean focusing on five key shifts." The shifts for leaders and change-makers are: From a risk prevention mindset to a transformative one, which involves seeing opportunity, not risk, in change, while investing in both climate adaptation and mitigation measures. From addressing the symptoms of our social and environmental crises to tackling their root causes, moving beyond incremental solutions that are likely to fail. From passively responding to their operating context to actively shaping it. From influencing policy to better engaging stakeholders and customers, businesses must increase their agency to drive change. From slow centralised decision-making to more agile distributed governance models. Instead of consolidating power, businesses must distribute responsibilities and value creation across multiple levels and stakeholder groups. From failing to acknowledge the influence of individual, organisational and contextual bias to identifying and removing this bias in risk assessment. Businesses making this shift will see more equitable and balanced decision-making longer-term. "Pressure on businesses to step up is mounting", continued Dr Uren. "This report fills a gap in guidance on what action can be taken when the headwinds are getting stronger and stronger. The five shifts Forum has outlined will enable businesses to deliver on the transformational agendas so urgently needed. Whether it's by seeing opportunity in change or actively influencing the broader political, economic and social operating context, businesses can lead if they find the courage to do so." Produced with support from Bupa, People's Postcode Lottery Green Trust, Aldi Süd, The Crown Estate and Henkel, the report draws on in-depth desktop research, interviews with business leaders and 'signals of change' generated through the online 'Futures Centre' hub: an open-source participatory platform powered by Forum that tracks and makes sense of change. James Payne, Forum for the Future's Global Strategic Lead – Purpose of Business, said: "There's not enough focus right now on how businesses can most effectively achieve their sustainability goals against a backdrop of ongoing disruption. Futures tools, as used in this report, can help leaders to anticipate and respond in smarter ways to the volatility ahead. Understanding the different futures you could face clarifies the role your business could play in creating them." Glyn Richards, Group Director of Sustainability, Bupa Group said: "More than ever before, there's an expectation that businesses should be proactive and be delivering meaningful change when it comes to sustainability. For a long time, this agenda has been treated as separate to commercial priorities, global market developments and regulatory pressures, but it's clear that sustainability needs to become part of the decisions and discussions impacting future business success and efficiency. As a healthcare company, that could mean focusing on helping people stay well and encouraging healthy lifestyles – which could benefit patients, as well as the planet." Download the Future of Sustainability report here. Media enquiries: UK: Amy Langridge a.langridge@forumforthefuture.org, Head, Marketing and Communications Asia: Fern Yu pf.yu@forumforthefuture.org, Marketing and Communications Manager US: Christina Daniels-Freeman c.daniels-freeman@forumforthefuture.org, Programs and Operations Advisor About the Future of Sustainability report Produced in partnership with Bupa, People's Postcode Lottery Green Trust, Aldi Süd, The Crown Estate and Henkel, the Future of Sustainability: Courage to Transform draws on in-depth desktop research, interviews with business leaders and 'signals of change' generated through the online 'Futures Centre' hub, an open-source participatory platform powered by Forum for the Future that tracks and makes sense of change. The report is aimed at business leaders looking for guidance on tackling the polycrisis. About Forum for the Future Forum for the Future is a leading international sustainability non-profit. For more than 25 years we've been working in partnership with business, governments and civil society to accelerate the shift towards a just and regenerative future in which both people and the planet thrive. Forum is focused on enabling deep transformation in three game-changing areas: how we think about, produce, consume and value both food and energy, and the purpose of business in society and the economy.
MANILA, Philippines, TOKYO and JAKARTA, Indonesia, Sept. 5, 2023 /PRNewswire/ -- The 2023 FIBA Basketball World Cup kicked off in the Philippines, Japan, and Indonesia on August 25. Unilumin Sports As the official LED supplier of FIBA, Unilumin has provided a total of 600 square meters of perimeter displays and integrated solutions for five competition arenas, including the Philippines Stadium, Araneta Stadium, Mall of Asia Complex, Indonesia Stadium, and Okinawa Stadium. As stadiums undergo digital upgrades, professional LED displays have become essential for displaying information and live broadcasting. LED perimeter displays can replace traditional stadium boundaries and satisfy match information and commercial advertising display needs. Within the arena, Unilumin LED displays feature HDR technology that reproduces realistic images of the sports competitions, and an ultra-high refresh frequency to allow clear images during camera shooting. Compared with conventional LED displays, the perimeter displays adopt an anti-collision design with a soft mask to avoid injury to players, while ensuring normal operations under high-intensity impacts. All the LED displays used in the arenas meet FIBA's strict safety requirements. FIBA and Unilumin have enjoyed a successful partnership since 2019 when Unilumin was appointed as the official long-term LED supplier for FIBA's top-level international competitions. In five years of collaboration, Unilumin not only provided professional LED products and integrated solutions for the 2019 FIBA Basketball World Cup in China, the EuroBasket 2022 and the 2023 FIBA Basketball World Cup, the company also collaborated with FIBA to develop a series of customized LED displays tailored for basketball games, aiming to deliver a top-tier audio-visual experience to a global audience. Tiger Lin, chairmen of Unilumin Group, said: "As an Official Global Supplier for FIBA, Unilumin Sports is honored to help FIBA in delivering high-quality basketball events to fans around the world. Unilumin's integrated Metasight solutions bring the ultimate audio-visual experience to fans, and I hope that we continue to strengthen our cooperation with FIBA and contribute more brilliance to the sports industry." Unilumin, a China-based company founded in 2004, is the world's leading supplier of LED displays, lighting products, and Metasight solutions. In the sports sector, Unilumin offers a comprehensive range of LED products tailored for various sports including basketball, football, swimming, volleyball, and tennis, among others. Unilumin Sports Unilumin Sports
Announced by COP28 President-Designate, H.E. Dr. Sultan Al Jaber, during keynote address at African Climate Summit in Nairobi, the investment initiative will help unlock Africa's clean energy potential. The Initiative brings together public, private, and development capital from Abu Dhabi Fund for Development (ADFD), Etihad Credit Insurance (ECI), Masdar, AMEA Power. Africa50 will act as a strategic partner to help identify initial projects and connect to local implementing entities. The COP28 President-Designate calls on Africa leaders to set out clear long-term transition and investment plans, along with policy and regulatory frameworks to unlock commercial finance for clean energy projects. New initiative aligns with COP28 Presidency call for global tripling of renewable energy by 2030 and push to make finance more available, accessible and affordable. Initiative will sit under umbrella of Etihad 7, a development platform championed by the UAE Ministry of Foreign Affairs and launched by the UAE at Abu Dhabi Sustainability Week in 2022. Etihad 7 aims to provide 100 million people across the African continent with clean electricity by 2035. NAIROBI, Kenya, Sept. 5, 2023 /PRNewswire/ -- The COP28 President-Designate, H.E. Dr. Sultan Al Jaber, announced today a UAE finance initiative that will provide US$4.5 billion to help unlock Africa's clean energy potential. The announcement was made during a keynote address at the inaugural African Climate Summit in Nairobi, Kenya. The landmark initiative brings together vital public, private, and development capital from UAE institutions, notably from Abu Dhabi Fund for Development (ADFD), Etihad Credit Insurance (ECI), Masdar, and AMEA Power. Africa50, which is an investment platform established by African governments and the Africa Development Bank (AfDB), has also joined the UAE finance initiative. Africa50 was founded to help solve the continent's critical infrastructure challenges and will help identify initial projects and connect to local implementing entities. The COP28 President Designate has repeatedly called for the global tripling of renewable energy by 2030 and has pushed to make finance more available, accessible and affordable. The announcement came with a clear call to action for African leaders to improve policy and regulatory frameworks to attract the long-term investments necessary to accelerate the deployment of clean and renewable energy. In order to reduce barriers to investment, the President-Designate highlighted multiple action points that require the coordinated efforts of African leaders and the international community. These include restoring the financial sustainability of local utilities and modernizing basic energy infrastructures, clarifying development processes and eliminating the red-tape delaying market lead-time, in addition to eliminating restrictions to capital flows and accessing adequate and affordable risk mitigation measures. During his remarks, the COP President-Designate Dr. Sultan Al Jaber said: "This initiative builds on the UAE's track record of commercially driven, innovative blended finance solutions that can be deployed to promote the adoption of clean energy in emerging and developing nations. This multi-stakeholder partnership approach is designed to accelerate sustainable economic progress, address the challenge of climate change and stimulate low carbon growth." He added: "The initiative will prioritize investments in countries across Africa with clear transition strategies, enhanced regulatory frameworks and a master plan for developing grid infrastructure that integrates supply and demand. In short, this initiative is designed to work with Africa, for Africa. It aims to clearly demonstrate the commercial case for clean investment across this continent. And it will act as a scalable model that can be replicated to help put Africa on a superhighway to low carbon growth." Fast-tracking the energy transition, fixing climate finance, focusing on people, lives and livelihoods, and underscoring these efforts with full inclusivity are the key pillars of the COP28 Presidency's Action Agenda In sub-Saharan Africa alone, 600 million people live without access to electricity. Delivering greater access to clean energy will drive social and economic development but currently investment in African renewables represents only 2 percent of the global total, and less than a quarter of the US$60 billion a year the continent needs by 2030. The initiative announced today seeks to correct this imbalance by bringing key stakeholders together to accelerate development and delivery of infrastructure, generation and distribution solutions to close the gap in universal clean energy access. The initiative will sit under the umbrella of Etihad 7, a development platform launched by the UAE at Abu Dhabi Sustainability Week in 2022, and championed by the Ministry of Foreign Affairs (MoFA). Announced in 2022, Etihad 7 aims to provide 100 million people across the African continent with clean electricity by 2035. The Abu Dhabi Fund for Development (ADFD) and the Etihad Credit Insurance (ECI) are kickstarting this initiative through funding the initial investment intended to catalyze private sector action. ADFD is supporting with US$1 billion of financial assistance to address basic infrastructure needs, offer innovative finance solutions and increase mobilization of private investments. The ECI is providing US$ 500 million of credit insurance to de-risk and unlock private capital – further demonstrating ECI's commitment towards global sustainable development. Masdar, one of the world's largest clean energy companies, active in 22 countries in Africa, is committing an additional US$2 billion of equity as part of the new initiative. Masdar will mobilize an additional US$8 billion in project finance and through its Infinity Power platform. Masdar will target the delivery of 10 gigawatts (GW) of clean energy capacity in Africa by 2030. AMEA Power is targeting 5GW of renewable energy capacity in the continent by 2030, mobilizing US$5 billion, of which US$1 billion will come from equity commitment, and US$4 billion from project finance. Additionally, the initiative seeks to create pathways for other multilateral development banks, governments, and philanthropies to catalyze additional private sector investment. The COP28 Presidency has called for others including international financial institutions (IFIs) and foundations to join the effort to convert words into actions. The COP28 UAE Presidency also recognizes that the Global South needs to be in the driver's seat to ensure a fully inclusive approach. The COP28 UAE Presidency continues to call for the doubling of adaptation finance and to operationalize funding arrangements for Loss and Damage to ensure that those most vulnerable to the effects of climate change are protected. The COP28 Presidency is working to achieve broader reform of IFIs to unlock necessary mitigation as well as adaption financing to support the Global South. Today's announcement comes days before the United Nations Framework Convention on Climate Change (UNFCCC) is due to release the technical data around the first Global Stocktake of climate progress since the 2015 Paris Agreement. It is widely anticipated that the Stocktake will find that the world is off-track from meeting its objectives as outlined In 2015. For all media enquiries and interview requests, please contact media@cop28.com. The latest updates from COP28 are available on Twitter (@COP28_UAE), with images and videos for usage on Flickr (COP28 UAE). For more information, please visit: www.cop28.com. Notes to Editors: COP28 UAE: COP28 UAE will take place at Expo City Dubai from November 30-December 12, 2023. The Conference is expected to convene over 70,000 participants, including heads of state, government officials, international industry leaders, private sector representatives, academics, experts, youth, and non-state actors. As mandated by the Paris Climate Agreement, COP28 UAE will deliver the first ever Global Stocktake – a comprehensive evaluation of progress against climate goals. The UAE will lead a process for all parties to agree upon a clear roadmap to accelerate progress through a pragmatic global energy transition and a "leave no one behind" approach to inclusive climate action.
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