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Hung Lung Group Commemorates its 60th Anniversary with Volunteer Activities across Hong Kong and Nine Mainland Cities

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Close to 1,000 Volunteers Offer Caring Support to 4,500 Beneficiaries

HONG KONG, Sept. 19, 2020 /PRNewswire/ — To mark the 60th anniversary of the establishment of Hang Lung Group this year, around 1,000 corporate volunteers from Hong Kong and nine Mainland cities joined forces today in the first ever large-scale community services event to provide support to some 4,500 underprivileged people in various local communities. 

Hang Lung Group was founded in Hong Kong on September 13, 1960, and while its roots remain in the city, the Group’s business has been expanding across the Mainland since the early 1990s. Hang Lung has now developed 11 landmark commercial complexes in nine Mainland cities, bringing its operational space and areas under development to over 50 million square feet. Underlining the corporate values of caring for people and customer centricity, as well as a modern spirit of innovation, Hang Lung strives for the sustainable development of its businesses and the communities in which it operates.

Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties, said, "While expanding our businesses, Hang Lung endeavors to give back to society and create shared value through community programs and voluntary services. To commemorate the important milestone of the 60th anniversary of our Group, we have organized volunteering activities across Hong Kong and nine Mainland cities to take place simultaneously for our employees, their families and our tenant volunteers to celebrate in a more meaningful way. We believe that with the mutual trust and shared benefits we have built, and together with the support of our stakeholders, the Group will continue building on its proud history over the last six decades and achieve even greater accomplishments going forward." 

In Hong Kong, the COVID-19 pandemic has deeply affected the daily lives and studies of underprivileged students, where insufficient online resources have impeded their learning. The Hang Lung As One Volunteer Team therefore teamed up with St. James Settlement and Principal Chan Free Tutorial World to provide "Welcome Back to School Kits" for 150 grassroot students to help them be better prepared for the new school term, while relieving their families from the back-to-school financial burden. The kits come with a data SIM card, physical fitness teaching aids for parents and children, a school bag, stationery, face masks and hand sanitizers.

The volunteering activities on the Mainland were also tailored to the needs of local communities. Volunteers provided support to those in need and enhanced their awareness for the prevention of the pandemic. Beneficiaries ranged from families facing financial difficulties, students and teachers from schools specialized for children with agricultural and blue-collar backgrounds, elderly persons and cleaners, to students from rural schools. The activities included supporting online learning at a rural primary school, providing professional sanitizing services at grassroots schools, as well as distributing anti-pandemic health kits and learning kits.

Hang Lung is always committed to fulfilling its corporate social responsibility and caring for the needy. Besides organizing programs such as the "Hang Lung Mathematics Awards" and the "Hang Lung Young Architects Program" to nurture younger generations, we also actively promote a culture of volunteering among our staff. The Hang Lung As One Volunteer Team was established in 2012 in Hong Kong, and currently all 11 projects across nine Mainland cities have formed teams of local volunteers. By making use of our corporate resources, we contribute to the community with a focus on youth education and development, elderly services, and environmental protection. The Hang Lung As One Volunteer Team has over 1,700 volunteers and contributes more than 13,000 service hours every year.

Members of the Hong Kong Hang Lung As One Volunteer Team distribute "Welcome Back to School Kits" to students affected by COVID-19 in Tin Shui Wai, Kwai Chung and Tai Kok Tsui Districts
Members of the Hong Kong Hang Lung As One Volunteer Team distribute "Welcome Back to School Kits" to students affected by COVID-19 in Tin Shui Wai, Kwai Chung and Tai Kok Tsui Districts

 

Volunteers from Heartland 66 in Wuhan work together with the Wuhan Union Hospital to offer online health talks for students at a remote rural school
Volunteers from Heartland 66 in Wuhan work together with the Wuhan Union Hospital to offer online health talks for students at a remote rural school

 

Volunteers from Plaza 66 and Grand Gateway 66 in Shanghai bring students and their families to a museum and an anti-pandemic exhibition to enhance their knowledge in the areas of health and pandemic prevention
Volunteers from Plaza 66 and Grand Gateway 66 in Shanghai bring students and their families to a museum and an anti-pandemic exhibition to enhance their knowledge in the areas of health and pandemic prevention

About Hang Lung Properties

Hang Lung Properties Limited (stock code: 00101), a constituent stock of the Hang Seng Index, Hang Seng SCHK High Dividend Low Volatility Index, Hang Seng Low Volatility Index, Hang Seng Corporate Sustainability Index in Hong Kong, and a member of the Dow Jones Sustainability Asia Pacific Index, is a leading real estate developer operating in Hong Kong and Mainland China. Boasting a diversified portfolio of investment properties in Hong Kong, the company has progressively branched out into the Mainland since the 1990s, with our distinctive footprint now fully established in Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou, with all the Mainland projects carrying the "66" brand. As Hang Lung’s business continues to grow, the company is set to develop into a highly admired national commercial property developer in China.

Photo – https://photos.prnasia.com/prnh/20200919/2922548-1-a?lang=0
Photo – https://photos.prnasia.com/prnh/20200919/2922548-1-b?lang=0
Photo – https://photos.prnasia.com/prnh/20200919/2922548-1-c?lang=0

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Finalist Teams Announced for 2020 Asia Super Team: Reach for the Stars

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Social Collider to compete for USD$50,000 prize package

TAIPEI, Oct. 20, 2020 /PRNewswire/ — Asia Super Team is here again. 2020 is the seventh consecutive year the "Taiwanese government" has hosted the international competition together with "Taiwan External Trade Development Council", "TAITRA". This year, the theme is Reach for the Stars, with four-member corporate finalist teams — from Japan, Vietnam, Indonesia, Malaysia, South Korea, Singapore, Thailand, and the Philippines — who have qualified to participate in the November finals competition.

The eight teams are already preparing for the challenge to earn the Asia Super Team title. Due to COVID-19, this will be the first time the competition will be held completely online, so teams can experience Taiwan from the comfort and safety of their own environments. The champion team will win an incentive travel package to Taiwan for their company valued at US$50,000.

Be sure to follow the latest news and developments on the official MEET TAIWAN fan page. Plus enter a lucky draw for one roundtrip ticket to Taiwan by casting a vote. To support the Social Collider team from Singapore, log on to the official website during November 9-15 to cast a vote. Don’t miss out.

  • Event Duration: 18:00 November 9 to 23:59 November 15 (GMT +8)
  • Official Voting Website: asiasuperteam.meettaiwan.com
  • MEET TAIWAN Official Fan Page: www.facebook.com/meettaiwan

There were hundreds of applications for the Asia Super Team competition from businesspeople in Singapore. Congratulations to Social Collider for advancing to the second stage finals.

Asia Super Team Finalists:

  • JTB GMT (Japan): With 508 offices in 39 countries, they are a popular travel agency in Japan, promoting and facilitating overseas travelers.
  • NG Bio Co., Ltd. (Korea): A cosmetic manufacturer from Korea, providing popular products such as Pacomeri hand sanitizers throughout Asia.
  • Social Collider (Singapore): A leading co-work space rental company in Singapore, providing space, facilities, and other rental services to social enterprises in Singapore.
  • Balance Gaming Network (Thailand): A leading e-sports company in Thailand, building an e-sports network throughout America, Europe, Australia and South Eastern Asia.
  • St Nivel Tour Sdn Bhd (Malaysia): The leading travel agency in Malaysia, Perak, providing travel assistance to companies and individuals.
  • Teleperformance Philippines (the Philippines): The largest outsourced omnichannel customer experience management company in the Philippines, with more than 30,000 workstations in a variety of businesses.
  • Telkom Indonesia (Indonesia): The biggest telecom company in Indonesia, providing internet, digital communication services, and more.
  • Ngan hang TMCP Ban Viet (Vietnam): One of the leading banks in Vietnam, with 27 years of operation.

For more Asia Super Team information, please check asiasuperteam.meettaiwan.com

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SK hynix to Acquire Intel NAND Memory Business

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NEWS HIGHLIGHTS

  • SK hynix will pay US $9 billion for the Intel NAND memory and storage business, which includes the NAND SSD business, the NAND component and wafer business, and the Dalian NAND memory manufacturing facility in China.
  • SK hynix aims to enhance the competitiveness of its NAND flash solutions as one of the leading global semiconductor companies and grow the memory ecosystem to the benefit of customers, partners, employees and shareholders.
  • Intel will retain its Intel® Optane business and intends to invest transaction proceeds in long-term growth priorities.

SEOUL, South Korea and SANTA CLARA, Calif., Oct. 20, 2020 /PRNewswire/ — SK hynix and Intel today announced that they have signed an agreement on Oct. 20, KST, under which SK hynix would acquire Intel’s NAND memory and storage business for US $9 billion.

The transaction includes the NAND SSD business, the NAND component and wafer business, and the Dalian NAND memory manufacturing facility in China. Intel will retain its distinct Intel® Optane business.

SK hynix and Intel will endeavor to obtain required governmental approvals expected in late 2021. Following receipt of these approvals, SK hynix will acquire from Intel the NAND SSD business (including NAND SSD-associated IP and employees), as well as the Dalian facility, with the first payment of US $7 billion. SK hynix will acquire from Intel the remaining assets, including IP related to the manufacture and design of NAND flash wafers, R&D employees, and the Dalian fab workforce, upon a final closing, expected to occur in March 2025 with the remaining payment of US $2 billion. Per the agreement, Intel will continue to manufacture NAND wafers at the Dalian Memory Manufacturing Facility and retain all IP related to the manufacture and design of NAND flash wafers until the final closing.

With this acquisition, SK hynix aims to enhance the competitiveness of its storage solutions, including enterprise SSDs, in the rapidly growing NAND flash space, and further aims to leap forward as one of the leading global semiconductor companies in the industry. SK hynix expects that the transaction would enable SK hynix to grow the memory ecosystem to the benefit of customers, partners, employees and shareholders.

As the global leader in the semiconductor industry, Intel possesses industry-leading NAND SSD technology and quadruple level cell (QLC) NAND flash products.

For the first six months ended June 27, 2020, the NAND businesses represented approximately US $2.8 billion of the revenue for Intel’s Non-volatile Memory Solutions Group (NSG) and contributed approximately US $600 million to NSG operating income.

SK hynix developed the world’s first Charge Trap Flash (CTF)-based, 96-layer 4D NAND flash in 2018 and 128-layer 4D NAND flash in 2019. SK hynix will combine Intel’s solutions technology and manufacturing capability in order to establish a higher value-added 3D NAND solutions portfolio including enterprise SSDs.

Intel intends to invest transaction proceeds to deliver leadership products and advance its long-term growth priorities, including artificial intelligence, 5G networking and the intelligent, autonomous edge.

Intel and SK hynix will work together to ensure a seamless transition for customers, suppliers and employees. The two companies will work collaboratively as they did recently with DDR5, to better serve the growing demand from the memory-based semiconductor ecosystem.

"I am pleased to see SK hynix and Intel’s NAND division, which have led the NAND flash technology innovation, work to build the new future together," said Seok-Hee Lee, Chief Executive Officer (CEO) of SK hynix. "By taking each other’s strengths and technologies, SK hynix will proactively respond to various needs from customers and optimize our business structure, expanding our innovative portfolio in the NAND flash market segment, which will be comparable with what we achieved in DRAM."

Bob Swan, Intel CEO said, "I am proud of the NAND memory business we have built and believe this combination with SK hynix will grow the memory ecosystem for the benefit of customers, partners and employees. For Intel, this transaction will allow us to further prioritize our investments in differentiated technology where we can play a bigger role in the success of our customers and deliver attractive returns to our stockholders."

Click HERE to download the PDF copy

Advisors

Citi served as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP, K&C and Fangda Partners served as legal counsel to SK hynix. BofA Securities served as financial advisor and Munger, Tolles & Olson LLP, Wilmer Cutler Pickering Hale and Dorr LLP, Linklaters LLP and Bae, Kim & Lee LLC served as legal counsel to Intel.

About SK hynix

SK hynix, headquartered in Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips ("DRAM"), flash memory chips ("NAND flash") and CMOS Image Sensors ("CIS") for a wide range of distinguished customers globally. SK hynix’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

About Intel

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.Intel.com and Intel.com.

© Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

 

CONTACTS: 

For SK hynix
Global Public Relations

Jaehwan Kevin Kim
E-Mail: [email protected]

Sejin Julia Yoo
E-Mail: [email protected] 

Eun Suk Yixi Lee
E-Mail: [email protected]

 

For Intel

Tony Balow
Investor Relations
+1 (503) 696 0469
[email protected] 

Cara Walker
Media Relations
+1 (503) 696-0831
[email protected] 

 

Forward Looking Statements

This announcement has been prepared by SK hynix and Intel exclusively for information purposes. It does not constitute or include any advice or recommendation by SK hynix or Intel (or any other person) regarding the securities of SK hynix, including its Global Depositary Receipts (GDRs), or Intel or as to the merits of any transaction or the making of any investment decision. This announcement is not an offer to sell or a solicitation of an offer to buy or exchange or acquire securities. It does not constitute or include any confirmation or commitment by SK hynix or Intel (or any other person) regarding the present or future value of the business of SK hynix, Intel’s NAND memory and storage business or Intel, their securities, affiliates or any of their respective their assets.

Statements in this press release that refer to future plans and expectations, including with respect to the transactions contemplated by SK hynix’s agreement to acquire Intel’s NAND memory and storage business, NAND manufacturing and supply arrangements and other relationships between SK hynix and Intel, and SK hynix’s and Intel’s business and investment plans, are forward-looking statements that involve a number of risks and uncertainties. Words such as "anticipates," "expects," "intends," "goals," "plans," "believes," "seeks," "estimates," "continues," "may," "will," "would," "should," "could," and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements that refer to or are based on estimates, forecasts, projections, uncertain events or assumptions, including statements relating to the benefits of the transactions contemplated by SK hynix’s agreement to acquire Intel’s NAND memory and storage business; the timing and closing conditions of such transactions, including with respect to applicable governmental approvals; anticipated trends in SK hynix’s or Intel’s businesses or the markets relevant to them; investment returns and benefits; and future products and technology and the availability and benefits of such products and technology also identify forward-looking statements. Such statements are based on current expectations and involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, that governmental authorities may not approve the transactions; that the first or second closings of the transactions may not occur or may be delayed; that expected financial or other benefits of the transactions may not be realized; that litigation related to the transactions or limitations or restrictions imposed by regulatory authorities may delay, permanently restrain or negatively impact the transactions; that unanticipated transition costs may be incurred; that the transactions may not be supported by third parties; that the announcement and pendency of the transactions may adversely affect SK hynix’s, Intel’s or the purchased and sold division’s business relationships, operating results, or their business in general; that actions by competitors may negatively impact results; and that there may be negative changes in general economic or geopolitical conditions affecting the regions or the industries in which SK hynix and Intel operate; as well as the factors set forth in SK hynix’s earnings release dated July 23, 2020 and SK hynix’s most recent published business reports and Intel’s earnings release dated July 23, 2020, which is included as an exhibit to Intel’s Form 8-K furnished to the SEC on such date, and Intel’s SEC filings, including the company’s most recent reports on Forms 10-K and 10-Q. Copies of SK hynix’s earnings releases and business reports may be obtained by visiting SK hynix’s Investor Relations website at https://www.skhynix.com/eng/ir/irOverview.jsp. Copies of Intel’s Form 10-K, 10-Q and 8-K reports may be obtained by visiting Intel’s Investor Relations website at www.intel.com or the SEC’s website at www.sec.gov. Neither SK hynix nor Intel undertakes, and both SK hynix and Intel expressly disclaim any duty, to update any statement made in this press release, whether as a result of new information, new developments or otherwise, except to the extent that disclosure may be required by law.

Related Links :

https://www.skhynix.com

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Hong Kong Blockchain Week 2020: Setting DeFi and Blockchain Trends for 2021

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November 17th to 19th 2020, speakers and participants will assess the economic and technological rollercoaster of the year 2020,and will discuss whether DeFi will change the game for fintech.

HONG KONG, Oct. 20, 2020 /PRNewswire/ — During a week-long virtual event, speakers from institutions, businesses, regulatory bodies, innovative companies will evaluate the outcomes of 2020 for blockchain, technology and economy, and deliver valuable predictions about what will be trending in the nearest future. 

Hong Kong Blockchain Week 2020/Block O2O Global Virtual Summit 18 Nov
Hong Kong Blockchain Week 2020/Block O2O Global Virtual Summit 18 Nov

Hosted by The NexChange Group, Hong Kong Blockchain Week is co-organised by Hong Kong Cyberport, the main regional technology hub driving the innovation force and nurturing a growing digital community in Hong Kong.

"Blockchain technology has become more widely adopted and increasingly pivotal in various areas of application, such as the financial services industry. The recent Digital Currency Electronic Payment (DCEP) initiative by the People’s Bank of China has put Blockchain and Crypto back on the radar screen. Home to the largest FinTech community in Hong Kong with well over 300 FinTech start-ups and companies in the community, Cyberport is pleased to be powering Hong Kong Blockchain Week to examine the latest developments of blockchain and showcase Hong Kong’s capabilities in this area. Our goal is to draw blockchain talents together to exchange ideas, to co-create business opportunities as well as to lead the city in embracing blockchain," said Peter Yan, Chief Executive Officer of Cyberport.

Attendees will follow the experts’ discussions on such hot topics shaping the global agenda such as fintech, investment, and digital assets. Here, Dan Morehead, CEO of Pantera Capital, notes: "Digital assets have out-performed nearly all other asset classes year-to-date as unprecedented monetary and fiscal stimulus drive up the prices of things whose quantity cannot be eased. We strongly believe we are in the early stages of a large bull market fueled by both a powerful global macro tide and growing fundamentals in the underlying technology."

Quickly gaining traction, DeFi has become the center of attention throughout most of 2020. Decentralised Finance has undoubtedly disrupted the whole ecosystem of DLT-based financial services. From Yield Farming in trading, to DAOs and stablecoins, to NFTs (non fungible tokens) in asset tokenization and gamification, DeFi has shown interesting endless possibilities and applications which made it one of the hottest trends of the year. 

"With decentralization at its core the blockchain space was built for unprecedented times like these," said Justin Sun, Founder of TRON and CEO of BitTorrent. "The Crypto community has succeeded in rapidly pivoting to a virtual approach to conferences making it accessible to an even wider audience. I was looking forward to attending this year’s Hong Kong Blockchain Week, and hope to see you all there."

After the core event which is the Block O2O Global Virtual Summit set for November 18th, organizers prepared a DeFi special: a whole DeFi Day will be held on November 19th, featuring virtual discussions, workshops and livestreams. 

Yat Siu, Co-founder and Chairman, Animoca Brands, Founder and CEO, Outblaze: "As the COVID-19 pandemic continues worldwide, Hong Kong Blockchain Week 2020 will allow global blockchain leaders and investors to safely discuss the latest developments, opportunities and solutions in today’s most exciting field of technology. We are especially looking forward to the evolving discussions about the many benefits of non-fungible tokens for the general public."

As one of the most anticipated events for blockchain and fintech, Hong Kong Blockchain Week 2020 enjoys a rich agenda of associated events, including an online ceremony of the world’s first international TADS Awards 2020 on November 18th, celebrating the Tokenized Assets and Digital Securities industries by recognizing and honouring significant contributions worldwide.

About NexChange: NexChange Group is a venture innovation and media platform specializing in Blockchain, FinTech, HealthTech, AI, and Smart Cities. By creating a global O2O community, NexChange creates, markets, accelerates and provides access to innovative products.

For more information on the speakers, agenda, side events and partnerships, please visit https://www.hkblockchainweek.net/ or contact: info@nexchange.com 

"PR Newswire is the ‘Official Press Release Distribution Partner" of Block O2O Virtual Global Summit 2020 and Official Hong Kong Blockchain Week 2020"

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