SHANGHAI, Nov. 26, 2020 /PRNewswire/ — Ossen Innovation Co., Ltd. (“Ossen” or the “Company”) (Nasdaq: OSN), a China-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, today announced the completion of its 2020 annual general meeting of shareholders which was held on November 23, 2020 at the Company's headquarters located at 518 Shangcheng Road, Floor 17, Shanghai, China.
Shareholder voting outcomes from the annual general meeting resulted in the re-election of Dr. Liang Tang, Mr. Wei Hua, Mr. Junhong Li, Ms. Yingli Pan, and Mr. Zhongcai Wu to Ossen's Board of Directors. BDO China Shu Lun Pan Certified Public Accountants LLP was also re-appointed as the Company's independent registered accounting firm for the fiscal year ending December 31, 2020.
About Ossen Innovation Co., Ltd.
Ossen Innovation Co., Ltd. manufactures and sells a wide variety of plain surface pre-stressed steel materials and rare earth coated and zinc coated pre-stressed steel materials. The Company's products are mainly used in the construction of bridges, as well as in highways and other infrastructure projects. Ossen has two manufacturing facilities located in Maanshan, Anhui Province, and Jiujiang, Jiangxi Province.
Safe Harbor Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in the Company's public filings with the Securities and Exchange Commission, including the Company's annual report on Form 20-F. All information provided in this press release is as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
For more information, please contact:
Email: [email protected]
SOURCE Ossen Innovation Co., Ltd.
Suncity Group Announces 2021 Outlook
Striding Towards a Bright Future
MACAU – Media OutReach – 5 January 2021 – Under the impact of the COVID-19 pandemic, 2020 was a very difficult year for the world. In the face of the severe challenges, Suncity Group has been working hard to achieve its vision of sustainable development in all areas. With its philosophy of “Innovating With Diversity, Striving For Success”, the Group strives to develop its business in the fields of VIP services, entertainment, global tourism, food and beverage, luxury fashion, etc., and is committed to becoming a leading integrated resort operator, with the expansion of its global hotel and resort management business as its core focus. At the same time, as an enterprise rooted in Macao and backed by our motherland, it is one of Suncity Group’s priorities to promote Macao as the “Creative City of Gastronomy”. With this in mind, the Group has actively and successfully expanded its food and beverage business to the Mainland, promoting cooperation between enterprises of Macao and of the Mainland. Also, HOIANA, the Group’s feature project in Vietnam, will serve as a bridge to introduce Vietnam’s culture of gastronomy to the Mainland, in response to national policies of “going global” and “bringing in”.
HOIANA, Suncity Group’s first integrated resort set to open its doors in 2021
Tigre de Cristal will focus on developing local Russian clientele, Japanese and Korean travellers as the target source market
Suncity Group prepares to further expand its food and beverage business in the Mainland
Suncity Group is committed to bringing in the finest food culture to the Mainland
Leveraging on its experience in resort and hotel management, Suncity Group has been actively expanding its global hotel and resort management business and marching towards the goal of becoming an internationally renowned integrated resort operator. Year 2021 will see the grand opening of the Group’s first integrated resort HOIANA, with all facilities set to open their doors at the same time. Among the wide array of facilities included the entertainment facilities of Hoiana Suncity, the golf course of Hoiana Shores designed by renowned architect Robert Trent Jones Jr., and the 4 luxury hotels managed and operated by Rosewood Hotel Group – Hoiana Hotel & Suites, New World Hoiana Hotel & Residences, KHOS Hoiana and Rosewood Hoi An, offering over 1,000 guest rooms.
Located in central Vietnam, the integrated resort HOIANA is only 40 km away from the Da Nang International Airport, with its 3-km coastline and a stunning sea view. The first phase of HOIANA covers an area of over 165 hectares, with the second phase project commencing in 2021. Utilizing its unique coastline, the next phase of the resort will focus on increasing the number of guest rooms as well as the expansion of retail areas, including beach resorts and a Vietnamese Village. Future developments also include facilities such as water and adrenaline park, observation deck, etc., all with the aim to create the finest entertainment hub of Southeast Asia. At the same time, taking advantage of its geographical location, HOIANA will target at bringing in tourists from Southeast Asia as its main source markets in the future. Suncity Group believes that HOIANA will bring significant revenue and sustainable development prospects, and is a demonstration of its determination to gradually evolve into an integrated resort operator and actively expand its resort management business.
In addition, through Suncity Group Holdings Limited (1383.HK), Suncity Group is now the single largest shareholder of Summit Ascent Holdings Limited (102.HK), and participates in both operations of Tigre de Cristal Resort Phase I in Vladivostok, Russia and the development of the resort’s second phase. Currently, Tigre de Cristal Phase I is the largest integrated resort in Russia, with a positive trend in business and revenue growth driven by the local Russian clientele. Set to open for preview in late 2022 and grandly open in 2023, the Phase II development project will also commence in 2021, doubling the number of entertainment facilities as well as tripling the number of guest rooms. The project will also add to the resort 4 new restaurants and bars, premium outlet and duty free shopping, multi-functional area, and a beach club and spa. Thanks to its prime location in Northeast Asia, Tigre de Cristal will be well suited for Japanese and Korean travellers. In the future, the Group will focus on developing local Russian clientele, while introducing Japanese and Korean travellers to the resort as the target source market.
Through the acquisition of Suntrust Home Developers, Inc. (Stock Code: SUN:PM), Suncity Group is also actively engaging in the development of the Westside City Integrated Resort in the heart of Entertainment City in Manila, Philippines. The project covers an area of over 20 hectares and is set to open its doors before 2023, creating the hub of entertainment of Philippines together with our local partners.
Moreover, Suncity Group is expanding into East Asia to further target at Japanese and Korean travellers, with plans to develop resorts in Miyako Island of Okinawa and Niseko of Hokkaido in Japan, with construction to begin in 2021. The Group plans to build a resort hotel in the Yonaha Maehama Beach Area, which is known as “the most beautiful beach in the East”, in Miyako Island of Okinawa, Japan and is expected to complete in 2023. The resort will provide 100 hotel rooms and 40 private villas with their own pools, as well as a variety of special water sports, including stand-up paddling, snorkelling and deep diving. In addition, the Group plans to build a luxury resort in Niseko of Hokkaido, Japan, which owns the reputation as one of the “Top 10 Ski Resorts in the World”. With development plans in the works in 2021, the project will cover an area of approximately 20 hectares, combining the natural beauty of Niseko and convenient leisure amenities. The completion of these new integrated resorts will serve as a testament to Suncity Group’s determination to become Asia’s leading integrated resort operator and an enterprise rooted in Macao that is actively responding to the national policy of “going global”.
Adhering to the spirit of patriotism, Suncity Group has been actively supporting the policy of the Macao Special Administrative Region Government, placing the development of the Motherland as our top priority. Through the business expansion of Sun Food and Beverage in the Mainland, Suncity Group aims to bring in the best of foreign cultures and contribute to the country’s prosperity. Since last year, Sun Food and Beverage established 8 restaurants in Chengdu and Chongqing, including “Danang Vietnamese Cuisine”, “Pho Thuy”, “Bangkok Cock” and “Đồ ăn vỉa hè Hoi An Danang”. Together with HOIANA, invested by Suncity Group Holdings Limited in Central Vietnam, the Group strives to introduce Vietnam’s culture of gastronomy to the Mainland.
In order to further expand its footprint in the Mainland, Sun Food and Beverage is preparing to open more quality branded restaurants in 2021. In the meantime, Sun Food and Beverage has successfully created new cooperation opportunities for the catering industry in Macao and the Mainland by taking initiative to organise investment visits to the Mainland. Currently, Sun Food and Beverage is actively supporting the “Luzu Temple District Renovation Project” of Chongqing as the company plans to open at the site more branded restaurants presenting Vietnamese cuisine, not just to increase company revenue, but also to help reinvigorate the old district. In addition, Sun Food and Beverage is preparing to set up a joint venture with Macao’s catering industry and open 3 restaurants in the area, bringing Macao-style hot pot, Portuguese cuisine and local desserts to Chongqing. This move not only enriches Mainland’s catering market, but is also a way to support the Macao Special Administrative Region Government’s core effort to promote Macao as “Creative City of Gastronomy”.
In the entertainment sector, Sun Entertainment Culture Limited has been actively expanding its entertainment-related businesses, covering film productions, online films, concerts and other commercial performing arts. In 2021, Sun Entertainment Culture Limited will expand its footprint in Southeast Asia through its subsidiaries in Japan and Malaysia, and is also enthusiastically preparing for the full recovery of the film industry this year. Currently, productions of film and TV drama invested by the Group from last year have been completed and are scheduled to be released in 2021, including “Limbo” starring Gordon Lam, which is scheduled to participate in international film festivals, “Dust to Dust” starring Gordon Lam and Da Peng, “Mom, Don’t Do That” produced by and starring Alyssa Chia. In addition, Sun Entertainment Culture Limited will be producing Macao’s first action and car racing film this year, with Han Han as producer of the film. For the acclaimed films “SPL: Sha Po Lang” and “Paradox”, production of the sequels “SPL III: War Needs Lord” and “Paradox II” will also begin in 2021.
As Alvin Chau, Chief Executive Officer and Director of Suncity Group stated, the tough year 2020 is now in the past. With the new COVID-19 vaccines being distributed worldwide, the global economy is expected to soon recover, which will be conducive to a strong growth of the motherland and Macao’s social, economic and tourism sectors in 2021. At the same time, staying true to the core values of patriotism, he understands that the prosperity of Macao and the country are inextricably linked. In the future, Suncity Group will continue to look forward to a prosperous future together with the country and Macao by vigorously upholding and following the long-term direction of the country in all aspects.
High-resolution images can be downloaded in the gallery:
About Suncity Group
Suncity Group was founded in 2007. Since establishment, Suncity Group has been striving to provide the extraordinary VIP entertainment service for our guests, and we then opened a number of VIP Clubs in various 6-star hotels and resorts throughout Macau with the rapid growth of our business. Meanwhile, we successively set up exclusive VIP Clubs in Manila, Seoul, Incheon, Phnom Penh and Da Nang, etc.
Adhering to the spirit of “Innovating With Diversity, Striving For Success”, Suncity Group spared no effort to develop high-end entertainment services and products as well as roll out global VIP loyalty program for the selected members to enjoy entertainment, travel, catering services, luxury shopping and motion picture. Today, the scope of our business covers most sectors, especially in the fields of global travel, film production, concert and event planning, catering and luxury goods.
As a Macau born and bred enterprise, Suncity Group is not only devoted to develop the Asian market, but also oriented to expand the global network. In the future, we will surely continue to diversify our VIP entertainment services, attract more exclusive members and make every effort to promote our business in every corner of the world.
Official Website | www.suncitygroup.com.mo/en
Elite Personal Training Studio HK adapted to COVID-19 to enable everyone to work out in the comfort of their own home
HONG KONG SAR – Media OutReach – 8 January 2021 – From young, the fact that exercise benefits us physically, emotionally, and mentally has been constantly reinforced. Even though we might not necessarily live-in accordance to this truth, this belief is inherently embedded in us. However, due to the rocketing prices of personal training, tailored fitness regimes, hectic work schedules, most of us struggle to find time for exercise.
COVID-19 brought about many unprecedented challenges and norms, among which was the rise of home workouts. On-site gyms have been shut for months, making physical exercise in fitness centres with others impossible. Thus, more of us tuned in to fitness YouTubers and home workout videos to cope with the current situation.
Founded in 2010, Elite Personal Training (“EPT”) is a Holistic Personal Training Studio that caters for the whole family. Unlike traditional fitness companies that may leave one more fatigued after a session, EPT aims to alleviate one’s aches and pains, leave them feeling energized after a workout. In the light of the recent COVID-19 situation, EPT is at the forefront of the market for tailored online training.
“We must all pivot, but it is difficult for small and big fitness business to accept that this the new way to train is online. Yet, we remain committed to catering to your needs even during a pandemic. At EPT, we pride ourselves on being innovative and adaptable to keep up with the changing landscape.”
Elite Personal Training’s Managing Director, Nathan Solia, has been a CHEK (Corrective Holistic Exercise Kinesiology) Practitioner since 1999. As a firm believer in a balanced life through nutrition, lifestyle, and movement, he practices what he preaches. He is an active person himself and is a keen sport player who runs, hikes, lifts weights, plays touch rugby, tennis and meditates daily.
With the onslaught of the COVID-19 virus, on-site gyms have been asked to shut for over 19 weeks, resulting in EPT having adopted 1-to-1 home visits and outdoor training in order to adhere to governmental regulations. However, the mandatory wearing of masks not only makes it extremely difficult for communication between instructor and client, but also increases physical exhaustion due to laborious breathing.
Given that COVID-19 has significantly impacted the business industry, EPT, like other fitness studios, have turned to online platforms to cope with the changing norms. Following the closure of on-site gyms, there has been an increase in demand for online classes. EPT hopes to cater to a variety of age groups and individual preferences through offering training sessions on different platforms including LIVE 1-on-1 sessions, group classes and targeted training workouts through digital apps.
As a holistic personal training studio with the aim to build a solid foundation in one’s health and fitness, EPT also emphasises the importance of overall health and wellbeing. Naturally, to complement physical training classes, EPT has also sought to provide online nutrition and lifestyle, as well as mental coaching for all ages through virtual means as well. Though the present situation is far from ideal, EPT is among the few that has pivoted to accommodate the increasing demand of healthier lifestyles. At EPT, technology is honed to facilitate the accessibility of fitness to all in Hong Kong through virtual means.
“Technology may feel different to in-person classes, but it does bring many advantages. We are better able to use statistics to find out which classes are more popular, cater to different needs simultaneously and allow for people to join us through recorded sessions which may accommodate their schedules better.”
Additionally, EPT has taken the mandatory quarantine situation stipulated by the government into account. During the 2 weeks of mandated quarantine at dedicated government appointed facilities, EPT offers a 14-day package with a complimentary rental of TRX set to cater to the needs of residents in temporary Hong Kong quarantine facilities, which will be picked up on the last day of quarantine. With the virulency of COVID-19, EPT has taken precautionary measures to ensure the sterilization and sanitisation of each TRX set for each rental, reducing the possibility of transmission. Such methods will enable those in quarantine to join zoom classes to continue their fitness journey whilst in quarantine and continue training with EPT to be in the best of shape.
Ultimately, EPT hopes to revert back to on-site training and coaching when the spread of COVID-19 pandemic subsides. However, it is clear that businesses have been hit hard by the pandemic, and the slow disbursement of COVID-19 relief funds make the upkeep of businesses even more difficult in these trying times. Some businesses have yet to receive subsidies following the second lockdown in July. This exacerbates the loss in revenues generated by fitness centres, which have seen a 30-60% reduction even with online training. With the third lockdown and the new restrictions introduced by the Hong Kong government with regards to the closure of gyms, EPT encourages the public to participate in online training so as to effectively build up ones physical and mental health amidst these trying times.
“Due to increased social distancing and self-isolation measures, individuals’ health and mental wellbeing will inevitably be impacted. It is crucial to build immunity and prevent one’s wellbeing from deteriorating so as to continue a sense of normalcy, and to fight against COVID-19. EPT hopes to support you in the ways we can, and join you in this journey.”
“MeCan Trade” – the 1st Social Commerce – Launched To Help Malaysians Trade Across Borders Without Capital Nor Risk
KUALA LUMPUR, MALAYSIA – Media OutReach – 13 January 2021 – Into a new year, the Covid 19 pandemic continues to impact lives globally – from the way we connect, live, work to affecting health, careers and livelihoods.
Andy Goh showcases a wide array of products available on MeCan Trade platform
In recent media reports, economists warn that Malaysia’s unemployment rate may be much higher and aggravated by the pandemic, citing that statistically, Malaysia has a 5% unemployment rate, but economically, the country has a 30% unemployment rate (as our labour participation is below 70%).
A study by market research agency YouGov polled 665 full-time workers revealed up to 92% of employed Malaysians are experiencing stress over losing their jobs. The survey indicated that 7 in 10 believe it will be hard to find another job in the face of unemployment.
When asked about the possibility of losing their job tomorrow, 71% believe it will be “difficult” to find another one with a similar pay and attendant benefits, 40% think it will be “somewhat difficult”, and 31% think it will be “very difficult”.
For businessmen and retail owners, the situation looks grim. Traditional bricks & mortar entities and chain store models are crumbling. From big industry players to SOHO communities, everyone hankers new business notions which require little investment and provide quick & smart solutions to earn passive income or a job to sustain livelihood.
More are resorting to online platforms to earn income. With a majority of Malaysians having at least one or more social media platforms, according to Statista’s findings in January this year, about 81% Malaysian population are active social media users. This was about a 1/3 increase compared to 2016, in which the social media users amounted to approximately 60% of the total population in Malaysia. Many are looking for opportunities to supplement their income by embarking on e-commerce business avenues, especially for millennials and KOLs who are savvy to smart phones and apps to socialise and in current times, make a living.
In view of this, enters MeCan Trade — the 1st ‘Social Commerce” platform in Malaysia, a brainchild of Mr Andy Goh (former founder of OldTown and current owner of Nam Heong restaurant chains). Andy explained that e-commerce has taken the world by storm, especially during the pandemic. “From a business perspective, traditional ways of doing business have become harder – involving competition, product quality, logistic arrangements and sustainability. There is a paradigm shift using technology & big data efficiency to rebuild and transform suffering business owners through this difficult period,” said Goh.
Costing RM30 million to set up the intrinsic digital infrastructure, MeCan Trade literally means “#EveryoneCanTrade”. “The core value for MeCan Trade is to share the wonders of what technology can do to improve, accelerate and re-invent new business ideas. We already have all the resources in place, we just have to collaborate and execute,” he added.
With creativity, competitiveness and technology combined, Goh believes that local entrepreneurship can go beyond conventional borders. MeCan Trade leverages on a robust network of trusted affiliates and ambassadors to reduce operational, logistics and marketing costs. No start-up capital or inventory stocking are required — members only need to establish their own e-stores to select a wide variety of original products on MeCan Trade provided directly by the Manufacturers or Authorized distributors themselves.
MeCan Trade offers opportunities in three main categories – sellers (manufacturers or brand owners), buyers and ambassadors.
Sellers/Brand Owners : Sellers now have a platform to perform business recovery, consolidate enough data, tools and resources put together to start a business instantly, without being burdened by hefty expenses. The seller’s role is pretty straight-forward; list with MeCan Trade and use the system that allows full transparency, product price control, marketing tools and access to over 1000 fleet of sales force to sell your products.
Buyers – Bulk buying options by tiers, where MeCan Trade will connect these interested buyers to reliable, safe and trustworthy manufacturers.
Ambassadors – A MeCan Trade ambassador can earn passive income and become an entrepreneur by directly engaging with the source of the product.
MeCan Trade enables you to have your very own business by providing you your very own personalized e-store instantly with just a few clicks, for absolutely free. You will be able to offer a wide variety of original products directly from product owners. Simply, share your selected products on social media to your network or friends to earn from the local & international arena. It has no risk, no capital, 100% genuine and unique products with instant set-up which is completely free for life. All the provision of stocks/products, inventory/payment gateway, back-end logistics, delivery system etc from A to Z will be taken care of by MeCan Trade for the Ambassadors.
Despite going live for almost a year, MeCan Trade currently supports over 200 brand owners and manufacturers with over 2,000 products available with more than 1,000 ambassadors and counting.
“By the end of next year, we hope to achieve over 5,000 ambassadors and more than 20,000 products on the platform.”
Recently, MeCan Trade launched a 2 year #MeCanBoss Program with a total investment valued up to RM15.75 mill to nurture social commerce entrepreneurs. “We provide a journey to aspiring local entrepreneurs in generating a self-sustainable income or passive income by trading online with credible, in-demand product from Manufacturers or Authorized Distributors. Business owners or individuals that are interested to come and list their reputable products or join this campaign can sign up at MeCan Trade on our official platform.,” enthused Goh.
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