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NetEase Announces ADS Ratio Change

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HANGZHOU, China, Sept. 18, 2020 /PRNewswire/ — NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China’s leading internet and online game services providers, today announced that it will change the ratio of its American depositary shares ("ADSs"), representing ordinary shares, from the current one (1) ADS for every twenty-five (25) ordinary shares to one (1) ADS for every five (5) ordinary shares.

From the perspective of an ADS holder, the ADS ratio change has the same effect as a five-for-one ADS split, and NetEase ADS holders at the close of business, New York time, on September 30, 2020 will be entitled to receive four additional ADSs for every ADS held, effective October 1, 2020 at the close of business. There will be no change to NetEase’s ordinary shares, and no action by ADS holders is required to effect the ratio change. In addition, existing ADSs will continue to be valid and will not have to be exchanged for new ADSs. 

The effect of the ratio change on the ADS trading price on the NASDAQ Global Select Market is expected to take place on October 2, 2020.

The register held by the Bank of New York Mellon, the depositary, will close for issuances and cancellations of ADSs on the close of business, New York time, on September 29, 2020 and is expected to reopen on October 6, 2020.

About NetEase, Inc.

As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase") is dedicated to providing premium online services centered around innovative and diverse content, community, communication and commerce. NetEase develops and operates some of China’s most popular mobile and PC games. In more recent years, NetEase has expanded into international markets including Japan and North America. In addition to its self-developed game content, NetEase partners with other leading game developers, such as Blizzard Entertainment and Mojang AB (a Microsoft subsidiary), to operate globally renowned games in China. NetEase’s other innovative service offerings include the intelligent learning services of its majority-controlled subsidiary, Youdao (NYSE: DAO); music streaming through its leading NetEase Cloud Music business; and its private label e-commerce platform, Yanxuan. For more information, please visit: http://ir.netease.com/.

Forward Looking Statements

This announcement contains forward-looking statements. These statements are made under the "safe harbour" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "aim," "anticipates," "future," "intends," "plans," "believes," "may," "estimates," "potential," "continue," "ongoing," "goal," "targets," "guidance," "commits" and similar statements. Among other things, statements that are not historical facts, including statements about future growth, the Company’s current and future position in the markets in which it operates, business plans and projections, the completion of transactions and the strategic goals of transactions, are or contain 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. All information contained in this announcement is as of the date of this announcement and are based on assumptions believed to be reasonable as of this date. You should not rely upon these forward-looking statements as predictions of future events. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Enquiries:
Margaret Shi
NetEase, Inc.
[email protected]
Tel: (+86) 571-8985-3378
Twitter: https://twitter.com/NetEase_Global

Brandi Piacente
The Piacente Group
[email protected]  

Media Enquiries:
Li Ruohan
NetEase, Inc.
[email protected]
Tel: (+86) 571-8985-2668
Twitter: https://twitter.com/NetEase_Global

Alby Wan
Hill+Knowlton Strategies Asia
[email protected]

Related Links :

http://ir.netease.com

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“BRI Clean the River” Program Encourages Environmental Sustainability and Community Economic Empowerment in the Kalisari River Region

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SEMARANG, Indonesia, Oct. 28, 2020 /PRNewswire/ — The condition on the edge of Kalisari River on Wonosari road, Randusari village, South Semarang Subdistrict, Semarang City, which was once shallow, full of garbage, is now neatly organized and clean. Thanks to the "BRI Clean the River" program by BRI Bank (BRI) (IDX: BBRI), the function and role of Kalisari River in Kampung Pelangi has been restored to support the environment and driving the community’s economy.

Central Java Governor, Ganjar Pranowo with President Director of Bank BRI, Sunarso visiting Kalisari River area on Sunday (25/10)
Central Java Governor, Ganjar Pranowo with President Director of Bank BRI, Sunarso visiting Kalisari River area on Sunday (25/10)

Currently, the presence of Kalisari River in Kampung Pelangi is slowly becoming a new local tourist attraction capable of driving the economy of the surrounding community. Not only the residents, but the people from other regions also come visiting the area.

Cleaning activities on Kalisari River are carried out through several activities including cleaning and structuring the river, educating the importance of healthy environment, empowering and managing waste, building facilities and infrastructure on the riverbank and empowering the community’s economy through the role of BRILink Agent.

In collaboration with the local government, BRI educates the resident around the river on how to create a healthy environment, namely by continuing to encourage changes in people’s perspective on the function and role of rivers in their lives and their future. A clean and orderly river flow does not only reduce the potential for flooding when it rains, but rivers can also have an economic impact and driving the community’s economy.

So far, the role of rivers has often been misunderstood only as water channels from upstream to downstream. Many people throw garbage into the river. Whereas the essence of a river is a hydrological cycle that needs to be preserved. Thus, in this program BRI collaborates with Bank Sampah Waras to further educate the public in managing household waste. It is necessary to select and sort out which waste is organic and which is inorganic, to use organic waste for fertilizers, agriculture and animal feed, to convert inorganic waste in order to provide added value and economic value to society through the recycling process.

In its management, the organic waste that has been sorted from each house will be collected by Bank Sampah Waras to be processed into organic fertilizer / compost using a garbage chopper from BRI. It takes 3 weeks to convert the waste into compost which then can be used by the residents around the area. These fertilizers are also traded commercially to third party with profits that will be managed by Bank Sampah Waras.

On top of that, inorganic waste collection (plastic bottles / cups, plastic bags, towel cloth, used clothes, etc.) that cannot be recycled will be sold to collectors with the help of the Bank Sampah Waras. Meanwhile, those that can still be reused will be processed into items that have a selling value, such as plastic flowerpots and plastic home decorations.

The facilities and infrastructure built along the river, such as playgrounds and open spaces, are now also being used by the community. By becoming a gathering place for residents, the area around the river has become a potential economic development for residents. To support banking services that are easily accessible to residents around the river, BRI through BRILink Agent provides banking transaction services such as cash deposits and withdrawals, payment of electricity, water bills, BPJS (Social Security Administrator), telephone, credit purchases, instalment payments, loan deposits and other transactions.

Central Java Governor Ganjar Pranowo revealed that the Provincial Government appreciates the program that has been carried out by BRI Bank to encourage public awareness on the importance of preserving and cleaning the rivers in the city. "We warmly welcome and thank BRI for organizing Kalisari River to be clean and beautiful like this. But most importantly, BRI has provided examples and education to the community to keep the environment clean, from waste education to structuring and building facilities for the community. Our next task is to preserve it," said Ganjar when he visited Kalisari River area with President Director of Bank BRI, Sunarso on Sunday (25/10).

"Through this cleaning program, we want to educate the importance of a healthy river environment. In fact, if the river is cleaned, organized and maintained, its existence can bring many benefits to the residents who live around it. This is in accordance with our commitment that the presence of BRI can provide and deliver value to the community. We will manage the discarded waste, but the sustainability of this program really depends on the behaviour of the community. Let’s preserve it together, "concluded Sunarso.

Information about BRI Bank can be accessed through the website www.bri.co.id

Related Links :

http://www.bri.co.id

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Gyroscope Therapeutics Announces First Patient Received Investigational Gene Therapy GT005 Via Orbit Subretinal Delivery System in Ongoing Phase I/II FOCUS Trial

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Gyroscope Therapeutics Limited, a clinical-stage retinal gene therapy company, today announced that the first surgery using its proprietary Orbit„¢ Subretinal Delivery System (Orbit SDS) to deliver the companys investigational gene therapy, GT005, to a patient with geographic atrophy (GA) secondary to dry age-related macular degeneration (AMD) has been conducted in the ongoing Phase I/II FOCUS trial. The surgery was conducted in the United States by Jeffrey Heier, M.D., at Ophthalmic Consultants of Boston.

Dry AMD is one of the leading causes of vision loss globally and gene therapies hold tremendous promise for this disease. Delivering gene therapy directly to the site of disease through a subretinal injection is a proven approach; however, the current method requires a vitrectomy. The Orbit SDS is an innovative delivery system that could address some of the challenges surgeons and patients may experience with a vitrectomy. I have been involved with the development of the Orbit SDS for several years, and I am excited to see its introduction into subretinal delivery of what we hope to be an important therapeutic intervention, said Dr. Heier, Co-President, Medical Director, Director of the Vitreoretinal Service, and Director of Retina Research at Ophthalmic Consultants of Boston.

In 2019, Gyroscope merged with Orbit Biomedical to create the only retinal gene therapy company that combines all elements of drug development, a manufacturing platform, and surgical delivery capabilities. Our vision is to develop gene therapy beyond rare disease and we believe our proprietary Orbit SDS has the potential to help us achieve that. We look forward to further evaluating the Orbit SDS in our GT005 clinical programme, said Khurem Farooq, Chief Executive Officer, Gyroscope.

About FOCUS

FOCUS [NCT03846193] is a Phase I/II open-label clinical trial that was initiated in January 2019. The trial is evaluating the safety and dose response of GT005 in people with GA secondary to dry AMD. Three doses of GT005 are being evaluated in FOCUS. In the initial dose-escalation phase of FOCUS, which is now complete, patients were treated using a subretinal injection involving vitrectomy and retinotomy. The trial has been expanded to include additional cohorts, including a dose-expansion cohort and two cohorts in which the Orbit SDS will be used to deliver GT005.

Gyroscope plans to enrol approximately 45 people who have a clinical diagnosis of GA secondary to dry AMD in FOCUS at sites in the United Kingdom and United States.

About Orbit SDS

The Orbit SDS delivers a controlled volume beneath the retina, with the aim of providing precise and consistent dosing. The subretinal space is accessed by advancing a flexible cannula through the suprachoroidal space (the space between the sclera and the choroid). A microneedle inside the cannula is then advanced to deliver a targeted dose beneath the retina. The microinjection procedure is designed to avoid damaging the structure of the eye by eliminating the need for both a vitrectomy (a procedure that involves removing the vitreous “ the gel-like substance that fills the eye) and a retinotomy (a hole in the retina).

The Orbit SDS is 510(k) cleared for microinjection into the subretinal space at the back of the eye using saline solution (BSS or BSS PLUS*).

About Dry AMD

Dry AMD is a leading cause of permanent vision loss in people over the age of 50, and is a devastating diagnosis. This gradual and permanent loss of central vision can severely impact a persons daily life as they lose the ability to drive, read and even see the faces of loved ones. There are currently no approved treatments for dry AMD.

Gyroscope estimates that nearly 3.5 million people in the United States and EU5 European countries have GA, and that more than 100,000 people with GA have certain Complement Factor I (CFI) mutations that correlate with low CFI levels in the blood and a higher risk of developing AMD.

About Gyroscope: Vision for Life

Gyroscope Therapeutics is a clinical-stage retinal gene therapy company developing gene therapy beyond rare disease to treat a leading cause of blindness, dry AMD. Our lead investigational gene therapy, GT005, is a one-time therapy delivered under the retina. GT005 is designed to restore balance to an overactive complement system by increasing production of the Complement Factor I protein. GT005 is currently being evaluated in a Phase I/II clinical trial called FOCUS and a Phase II clinical trial called EXPLORE.

Syncona Ltd, our lead investor, helped us create the only retinal gene therapy company to combine discovery, research, drug development, a manufacturing platform and surgical delivery capabilities. Headquartered in London with locations in Philadelphia and San Francisco, our mission is to preserve sight and fight the devastating impact of blindness. For more information visit: www.gyroscopetx.com and follow us on Twitter (@GyroscopeTx) and on LinkedIn.

*Balanced Salt Solution; BSS PLUS is a registered trademark of Alcon Laboratories, Inc.

Charlotte Arnold

VP, Corporate Affairs

Gyroscope Therapeutics

[email protected]

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COVID-19 Impact and Recovery Analysis | Landscaping Market Procurement Intelligence Report Forecasts Spend Growth of over USD 12 billion | SpendEdge

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The Landscaping Market is poised to experience spend growth of more than USD 12 billion between 2020-2024 at a CAGR of over 4.03%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

Read the 120-page research report with TOC and LOE on “Landscaping Market “ Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend.”

SpendEdge’s reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Landscaping Market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.

Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment

Insights into the Market Price Trends

  • Suppliers in this market have moderate bargaining power owing to moderate pressure from substitutes and a moderate level of threat from new entrants.
  • Buyers can benchmark their preferred pricing models for landscaping Market, Procurement, Management with the wider industry information and identify the cost-saving potential.

Insights to help buyers identify and shortlist the most suitable suppliers for their Landscaping Market requirements. This procurement report answers the following questions:

  • Am I engaging with the right suppliers?
  • Which KPIs should I use to evaluate my incumbent suppliers?
  • Which supplier selection criteria are relevant for?
  • What are the Landscaping Market category essentials in terms of SLAs and RFx?

To get instant access to over 1000 market-ready procurement intelligence reports without any additional costs or commitment, Subscribe Now for Free.

Insights into strategies that will help buyers optimize their category management practices. The report answers the following questions:

  • What should be my strategic procurement objectives, activities, and enablers for the Landscaping Market category?
  • What negotiation levers can I pull for cost-saving?
  • What are Landscaping Industry Market procurement best practices I should be promoting in my supply chain?

Some of the top Landscaping Market suppliers enlisted in this report

This Landscaping Market procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

  • Compass Group PLC
  • Sodexo SA
  • ISS AS
  • Aramark
  • CBRE Group Inc.
  • KBR Inc.
  • ABM Industries Inc.
  • Colliers International Group Inc.
  • EMCOR Group Inc.
  • Jones Lang LaSalle IP Inc.

Get access to regular sourcing and procurement insights to our digital procurement platformContact Us.

Table of Content

Executive Summary

Market Insights

Category Pricing Insights

Cost-saving Opportunities

Best Practices

Category Ecosystem

Category Management Strategy

Category Management Enablers

Suppliers Selection

Suppliers under Coverage

US Market Insights

Category scope

Appendix

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more https://www.spendedge.com/request-for-demo

SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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