From October 16th – 17th in Zhumadian, the 7th International Forum on Industry and Education (IFIE) happened, hosted by the National Center for Schooling Development Programme (CSDP), China Vocational Education Association, the Chinese Society for technical and vocational education, and the Association of Universities (Colleges) of Applied Science Association, and undertaken by the Peoples Government of Zhumadian City and Huanghuai University. Over 100 medias and over 5570000 people were involved.
Five speakers commented on undertaking the new education mission. They are Hao Mingjin, NPC Standing Committee be Vice Chairman; Sun Yao, MOE Vice Minister; Lu Xin, Chairman of Board of the Chinese Society for Technical and Vocational Education (CSTVE); Zhang Li, Secretary General of National Advisory Council on Education; and Chen Feng, CSDP Director.
Three speakers shared about understanding of the digital and intelligent revolution, high-quality education planning, and education governance system reform acceleration. They are Dr. Zhang Duanhong, Vice Director and associate professor of Higher Education Research Center of Tongji University; Liu Zhimin, Director of Department of Innovation and Development of CSDP; and Li Lingzhi, National Development and Reform Commission Vice President.
Two speakers discussed the history & future of type education, and the advanced professional postgraduate education. They are Xie Li, deputy director of the Vocational education and Adult education Department of the Ministry of Education; and Guan Zhiwei, Vice President of Tianjin Sino German University of Applied Technology.
Four speakers then probed into the question of how to train professional degree graduate students by integrating the industry and education. They are Luo Lin, deputy dean of the Beijing Institute of Collaborative Innovation; Xue Qikun, Academician of Chinese Academy of Sciences, Vice President of Tsinghua University; Tang Zhenghua, President of Changzhou Institute of Technology; and Liu Xianxing, President of Huanghuai University.
Post-epidemic education cooperation
This forum touched upon the international applied technology-innovated education network and how to Go globally. Three speakers on this topic are David Cardwell, Vice President of University of Cambridge; Carita Prokki, Director of TAMK Continous Educaction and Global Education; and Meng Qingguo, President of Association of Universities (colleges) of Applied Science (AUAS).
Integration of industry and education.
This forum promoted the digitalization and education transformation for industry in poverty-stricken region.
CSDP and China Baowu, China Electronics, China Southern Airline, JD.COM and China Haier signed a cooperation agreement. CHEN Ximing, Party Committee Member and Deputy General Manager of China Electronics, and Jiang Yaodong, Vice President of JD.COM talked about the promising prospect.
Besides, CSDP with China Association of Small and Medium enterprises, PERA GLOBAL, universities, and the government launched the universities ecological partnership program to help enterprises, colleges, and education institutions with digital transformation.
CSDP also issued the Education Empowers Wisdom and the Co-frequency Plan along with a donation ceremony to optimize 5G & digital intelligence, and to guide enterprises to participate in poverty alleviation and intelligence support.
Northern Vertex Repays Debt and Strengthens Capital Structure
CONVERSION RIGHTS WAIVED,
US$8.5 MILLION CONVERTIBLE DEBENTURE REPAID
VANCOUVER, BC, Dec. 2, 2020 /PRNewswire/ – Northern Vertex Mining Corp. (TSXV: NEE) (OTC Nasdaq Intl.: NHVCF) (the “Company” or “Northern Vertex”) is pleased to announce that it has repaid in full on the maturity date of December 1, 2020 (the “Maturity Date“) the principal amount of US$8,500,000 (the “Principal Amount“), together with all accrued and unpaid interest payable thereunder, of the unsecured subordinated convertible debenture (the “Debenture“) of the Company held by Greenstone Resources II L.P. (“Greenstone“), the terms of which are as described in the Company's press releases dated October 3, 2019 and October 11, 2019.
Ken Berry, CEO of Northern Vertex stated: “On the back of our first quarter's record production and revenue, I am delighted to strengthen our balance sheet in a manner that minimizes dilution to all shareholders. The Greenstone Debenture has been repaid in full. Greenstone agreed to receive a cash repayment and waive its conversion rights under the Debenture for an additional US$2 million structured cash payment. Our closing price yesterday on the TSXV was C$0.62, more than 100% above the C$0.30 conversion price of the US$8.5 million Debenture. This transaction saves our shareholders the dilution of approximately 37,000,000 shares (15% of issued) had the C$0.30 conversion rights been exercised in full.”
In accordance with the terms of the Debenture, all or part of the Principal Amount was convertible into common shares of Northern Vertex at a price of C$0.30 per common share, at the sole election of Greenstone, at any time and from time to time from until the Maturity Date (the “Conversion Right“). Northern Vertex and Greenstone have entered into an agreement pursuant to which Greenstone has agreed not to exercise, and to waive in full, the Conversion Right (the “Waiver of the Conversion Right“) in consideration for a cash payment of US$2,000,000 from Northern Vertex to Greenstone, with such payment to be made on the earlier of the satisfaction by the Company of certain conditions precedent or the date that is six months following the original Maturity Date.
The Waiver of the Conversion right is subject to the final acceptance of the TSX Venture Exchange and is a related party transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“), as Greenstone currently holds approximately 31% of the current issued and outstanding common shares of the Company. The Waiver of the Conversion Right is exempt from the requirement to obtain a formal valuation under section 5.4 of MI 61-101, as the Company's common shares are not listed on a senior stock exchange as set out in section 5.5(a) of MI 61-101. The Company is exempt from the requirement to obtain minority shareholder approval of the Waiver of the Conversion Right pursuant to section 5.6 of MI 61-101, as the fair market value of, and the consideration for, the Waiver of the Conversion Right does not constitute more than 25% of the Company's market capitalization as set out in section 5.7(a) of MI 61-101. At a meeting of the board of directors of the Company, the Board unanimously approved the Waiver of the Conversion Right, with Michael Haworth and Ivan Fairhall (both having a disclosable interest it the transaction due to their relationships with Greenstone) having left the meeting during the consideration of the Waiver of the Conversion Right.
About Northern Vertex Mining Corp.
Northern Vertex Mining Corp. owns and operates the Moss Mine, currently the largest pure gold and silver mine in Arizona. Focused on low cost gold and silver production, the Company has experience across all areas of operations, mine development, exploration, acquisitions, and financing of mining projects. With operations at the flagship Moss Mine achieving commercial production the Company intends to consolidate additional producing or near-term production gold assets within the Western US. Through mergers and acquisitions Northern Vertex's corporate goal is to become a mid-tier gold producer.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements:
This news release contains statements about our future business and planned activities. These are “forward-looking” because we have used what we know and expect today to make a statement about the future. Forward-looking statements include but are not limited to receipt of final regulatory approval in respect of the Waiver of the Conversion Right and comments regarding the planned uses of future cash flows from the Moss Mine. Forward-looking statements usually include words such as scheduled, may, intend, plan, expect, anticipate, believe or other similar words. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies, including the receipt of regulatory approvals. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations. US investors should be aware that mining terminology used for Canadian mineral project reporting purposes differs significantly from US terminology.
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SOURCE Northern Vertex Mining Corp.
TOJOY Creates New Opportunities Within Dual Circulation Policy
BEIJING, Dec. 2, 2020 /PRNewswire/ — Recently,TOJOY has promoted Chinese economic growth by connecting the resources of start-ups and traditional enterprises alike. Through its business acceleration platform, TOJOY helps companies to access the resources they need to grow nationwide, as well as upgrade legacy business models to be more competitive.
TOJOY promotes its clients' and users' projects to a network of over one million high-net-worth entrepreneurs through both online and offline events.
The increased presence has allowed TOJOY to accelerate businesses even in the face of the pandemic. Even when COVID-19 was at its peak in China, TOJOY hosted over thirty online acceleration events, attracting more than 300,000 entrepreneurs and facilitating over 20,000 cooperation agreements.
Strengthening Cooperation to Promote Domestic and International Growth
TOJOY has expanded its international business to the US, Europe, and Latin America. Despite the ongoing pandemic in other parts of the world, TOJOY did not stop its global push. Through internationally focused outreach and events, TOJOY is growing global companies and bringing more and more global entrepreneurs and companies onto the TOJOY platform.
Since the outbreak of the COVID-19 pandemic, TOJOY has also worked with foreign embassies in China. TOJOY Global CEO Ge Jun has met with the embassies of Indonesia, Moldova and Montenegro, Armenia, the Netherlands, Finland, Latvia, and Portugal to conduct in-depth business exchanges. Some of the dialogues were selected and presented as special episodes of Ge Jun's Nightly Talk, an online business dialogue program where Ge shares his experiences on how to turn crises into opportunities during the pandemic.
TOJOY has also organized a variety of events, and Ge has participated in a variety of forums related to global business growth throughout the pandemic. By working with global economic organizations and global media, TOJOY is doing its part to spur international economic growth in conjunction with domestic growth; a clear promotion of the Dual Circulation policy.
Ge Shares His Views During Mexico's CANACINTRA Webinar
TOJOY also co-hosted the 2nd Global Unicorn Fair with the High-tech Investment Committee of the Investment Association of China (IAC). The event witnessed the debut of ten global projects, enabling cooperation between world-class global businesses and leading Chinese entrepreneurs. These win-win situations promote growth around the world, in clear support of the Dual Circulation Policy.
Among the high-profile projects being accelerated by TOJOY is healthcare services company PACS Online. With a R&D base in Seattle and a local operations team in China, the company created a set of industry-leading digitalized medical imaging equipment. PACS Online's products greatly reduce the cost of medical data and image collection and transmission. The digitization of medical images makes it much easier for patients to obtain examination results. The project achieved runaway success after its launch on TOJOY's platform. PACS Online products have now been adopted by 424 hospitals in 18 Chinese provinces.
Domestic Growth Driven By Industrial Upgrades
TOJOY has always been committed to expanding China's domestic demand and exploring growth opportunities in both domestic and international markets. The company serves as a global business empowerment platform to promote and accelerate projects that follow new economic and consumption trends across China. Under the Dual-Circulation policy TOJOY will continue to help domestic and global companies to access what they need to grow across China, and to provide traditional enterprises with new channels for upgrading.
With these services, TOJOY will grow and upgrade businesses in support of both elements of the Dual Circulation policy.
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SOURCE TOJOY SHARED HOLDING GROUP
CGI wins at the 38th National CII Kaizen Competition
BENGALURU, India, Dec. 2, 2020 /PRNewswire/ — CGI (NYSE: GIB) (TSX: GIB.A) has been recognized by the Confederation of Indian Industry (CII) Institute of Quality as a winner at the 38th National Kaizen competition 2020 for the IT/Digital category in October 2020. The award honours CGI's implementation of Kaizen to achieve breakthroughs in client commitments.
The National Kaizen Competition conducted by the Confederation of Indian Industry (CII) is a platform where organisations showcase their best practices under five themes of Restoration, Renovation, Innovation, Breakthrough, and IT/Digital. The 38th edition had 53 companies participate and compete, evaluated by a panel of industry experts and CII members.
“This industry-wide recognition of our Kaizen implementation acknowledges our commitment to deliver continuous improvement to our clients,” said Gopal Chhetri, Senior Vice-President and Business Unit Leader of Asia Pacific Global Delivery Centers of Excellence, CGI. “This initiative, which started three years ago, is now institutionalized across all our client engagements and has helped us deliver differentiated value to our clients.”
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 76,000 consultants and other professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2020 reported revenue is C$12.16 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.
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CGI wins at the 38th National CII Kaizen Competition
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TOJOY Creates New Opportunities Within Dual Circulation Policy
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Northern Vertex Repays Debt and Strengthens Capital Structure
CONVERSION RIGHTS WAIVED, US$8.5 MILLION CONVERTIBLE DEBENTURE REPAID VANCOUVER, BC, Dec. 2, 2020 /PRNewswire/ – Northern Vertex Mining Corp. (TSXV:...
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