Monthly Archives: April 2020

PR Newswire

TAL’s AI Mandarin Teaching App Receives Recognition by UNESCO

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BEIJING, April 18, 2020 /PRNewswire/ — TAL’s Improving literacy, preserving language, and providing inclusion using AI and big data has been selects by UNESCO as one of the innovative projects of Mobile Learning Week 2020, under the theme “Artificial Intelligence and Inclusion”. 

UNESCO certificate presented to TAL Education Group
UNESCO certificate presented to TAL Education Group

TAL’s AI “Putonghua” Teacher is an app that allows Yi children, as well as other students from all backgrounds, access to Mandarin language learning resources and tools. The system requirements are minimal and mobile-friendly, available across all platforms and devices. One device or PC with audio capabilities are sufficient to run the system, making it easier for users to learn both on the go and in the classroom. The interface is easy to learn and navigate, even for self-learning students, without the need of teacher assistants.

The project focuses on helping improve the overall literacy rate, using AI speech recognition and big data, to increase opportunities for further inclusivity and social mobility within these rural communities. In 2018, Xueersi Online School under TAL, developed the AI Mandarin Teaching System specifically for Zhaojue County (Yi Autonomous Prefecture in Liangshan), Sichuan. The customized Mandarin-Yi bilingual learning module was developed for pre-school children there. Its system deeply integrates technologies, such as voice recognition and voice assessment, conducts intelligent real-time assessment and correction. Therefore, the program can help kids improve their mandarin proficiency. By November 2019, nearly 80,000 students and over 2,000 middle and primary school teachers have benefited from this program, which has laid the foundation for future education equity and poverty elimination in remote regions inhabited by rural communities. The idea is to help preserve the Yi language while connecting learners to the outside world.

Having been exhibited at multiple events, including China-CEEC Education Cooperation Exhibition and the 1st International Conference on Artificial Intelligence and Education, the program has won worldwide recognition.

Mobile Learning Week (MLW) is the United Nations’ flagship event on Information and Communication Technology (ICT) in education, and has been organized by UNESCO and its partners for eight consecutive years. The 2020 edition of MLW, under the theme Artificial Intelligence and Inclusion, was postponed due to the outbreak. However, its design to steer the use of Artificial Intelligence (AI) towards the inclusion and equity in education has succeeded, standing behind its core values of the Sustainable Development Goals (SDGs) and propeller of digital opportunities for all. It is noted that programs from Google and University College London are also among the recipients awarded Mobile Learning Week 2020 Innovation Certificate for their contributions.

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PR Newswire

Sohu.com Announces Completion of Changyou Going-Private Transaction

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BEIJING, April 18, 2020 /PRNewswire/ — Sohu.com Limited (NASDAQ: SOHU) (“Sohu”), China’s leading online media, video, search and gaming business group, today announced that it has completed the acquisition of all of the outstanding shares of Changyou.com Limited (“Changyou”) that it did not already beneficially own, through the merger (the “Changyou Merger”) of an indirect wholly-owned subsidiary (“Changyou Merger Co.”) of Sohu with and into Changyou, with Changyou being the company surviving the Changyou Merger. As a result of the Changyou Merger, Changyou has become a private company wholly owned directly and indirectly by Sohu and the American depositary shares of Changyou (the “Changyou ADSs”), each of which represented two Changyou Class A ordinary shares (“Changyou Class A Ordinary Shares”), are no longer traded on the Nasdaq Global Select Market.

Pursuant to the plan of merger for the Changyou Merger, each Changyou Class A Ordinary Share issued and outstanding immediately prior to the effectiveness of the Changyou Merger, other than Changyou Class A ordinary shares owned beneficially by Sohu, was cancelled in exchange for the right to receive $5.40 in cash without interest, and each outstanding Changyou ADS was cancelled in exchange for the right to receive $10.80 in cash without interest (less $0.05 per ADS cancellation fees and other fees as applicable). Because Changyou Merger Co. owned over 90% of the voting power represented by all issued and outstanding shares of Changyou prior to the effectiveness of the Changyou Merger and the Changyou Merger was in the form of a short-form merger in accordance with section 233(7) of the Companies Law of the Cayman Islands, the Changyou Merger was not subject to a vote of the shareholders of Changyou.

In connection with the Changyou Merger, each outstanding and fully‑vested option (each, a “Vested Option”) to purchase Changyou Class A Ordinary Shares under Changyou’s share incentive plans was cancelled, and each holder of a Vested Option has the right to receive an amount in cash determined by multiplying (x) the excess, if any, of $5.40 over the applicable exercise price of such Vested Option by (y) the number of Changyou Class A Ordinary Shares underlying such Vested Option; and each outstanding but unvested option (each, an “Unvested Option”) to purchase Changyou Class A Ordinary Shares under Changyou’s share incentive plans will remain outstanding and continue to vest following the effectiveness of the Changyou Merger in accordance with the applicable Changyou share incentive plan and award agreement governing such Unvested Option in effect immediately prior to the effectiveness of the Changyou Merger.

Changyou has requested that trading of Changyou ADSs on the Nasdaq Global Select Market be suspended, and that the Nasdaq Stock Market LLC (“Nasdaq”) file with the Securities and Exchange Commission (the “SEC”) a Form 25 notifying the SEC of Nasdaq’s withdrawal of the Changyou ADSs from listing on Nasdaq and intention to withdraw the Changyou Class A Ordinary Shares from registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Changyou has informed Sohu that it intends to file with the SEC, ten days after Nasdaq files the Form 25, a Form 15 suspending Changyou’s reporting obligations under the Exchange Act and withdrawing the registration of Changyou Class A Ordinary Shares under the Exchange Act. Changyou’s obligations to file with or furnish to the SEC certain reports and forms, including Form 20-F and Form 6-K, will be suspended immediately as of the filing date of the Form 15 and will terminate once the deregistration of Changyou Class A Ordinary Shares becomes effective.

China Renaissance, through its subsidiary CRP-Fanya Investment Consultants (Beijing) Limited, has served as financial advisor to Sohu in connection with the Changyou Merger; Goulston & Storrs PC has served as U.S. legal counsel to Sohu; and Han Kun Law Offices has served as PRC legal counsel to Sohu.

Houlihan Lokey (China) Limited has served as financial advisor to the committee of independent and disinterested directors established by Changyou’s board of directors (the “Changyou Special Committee”) to review and evaluate the Changyou Merger; and Skadden, Arps, Slate, Meagher & Flom LLP has served as U.S. legal counsel to the Changyou Special Committee.

Conyers Dill & Pearman has advised as to Cayman Islands legal matters with respect to the Changyou Merger.

About Sohu

Sohu is China’s premier online brand and indispensable to the daily life of millions of Chinese, providing a network of web properties and community based/web 2.0 products which offer the vast Sohu user community a broad array of choices regarding information, entertainment and communication. Sohu has built one of the most comprehensive matrices of Chinese language web properties and proprietary search engines, consisting of the mass portal and leading online media destination www.sohu.com; interactive search engine www.sogou.com; developer and operator of online games www.changyou.com and the online video website tv.sohu.com.

Sohu’s corporate services consist of online brand advertising on Sohu’s matrix of websites as well as bid listing and home page on its in-house developed search directory and engine. Sohu also provides multiple news and information services on mobile platforms, including Sohu News App and the mobile news portal m.sohu.com. Sohu’s online game subsidiary Changyou develops and operates a diverse portfolio of PC and mobile games, such as Tian Long Ba Bu (“TLBB”), one of the most popular PC games in China. Changyou also owns and operates the 17173.com Website, a game information portal in China. Sohu’s online search subsidiary Sogou (NYSE: SOGO) has grown to become the second largest search engine by mobile queries in China. It also owns and operates Sogou Input Method, the largest Chinese language input software. Sohu, established by Dr. Charles Zhang, one of China’s internet pioneers, is in its twenty-fourth year of operation.

For investor and media inquiries, please contact:

In China:

In the United States:

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Source: Sohu.com Ltd.

PR Newswire

Changyou.com Announces Completion of Going-Private Transaction

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BEIJING, April 18, 2020 /PRNewswire/ — Changyou.com Limited (“Changyou”) (NASDAQ: CYOU), a leading online game developer and operator in China, today announced the completion of the merger (the “Changyou Merger”) contemplated by the Agreement and Plan of Merger (the “Merger Agreement”), dated January 24, 2020, by and among Changyou; Sohu.com (Game) Limited (“Sohu Game”), an indirectly wholly-owned subsidiary of Sohu.com Limited (“Sohu”) (NASDAQ: SOHU); and Changyou Merger Co. Limited (“Changyou Merger Co.”), a direct wholly-owned subsidiary of Sohu Game, in which Changyou Merger Co. merged with and into Changyou effective April 17, 2020 (the “Effective Time”), with Changyou being the surviving company. As a result of the Changyou Merger, Changyou has become a private company wholly owned directly and indirectly by Sohu and the American depositary shares of Changyou (the “ADSs”), each of which represented two Changyou Class A ordinary shares (“Class A Ordinary Shares”), are no longer traded on the Nasdaq Global Select Market.

Pursuant to the plan of merger for the Changyou Merger, (i) each Class A Ordinary Share issued and outstanding immediately prior to the Effective Time, other than shares held beneficially by Sohu (the “Excluded Shares”), was cancelled in exchange for the right to receive $5.40 in cash without interest, and (ii) each outstanding ADS, other than the ADSs representing the Excluded Shares, was cancelled in exchange for the right to receive $10.80 in cash without interest (less $0.05 per ADS cancellation fees and other fees as applicable). Pursuant to the Merger Agreement, at the Effective Time, (i) each outstanding and fully‑vested option (each, a “Vested Option”) to purchase Class A Ordinary Shares under Changyou’s share incentive plans was cancelled, and each holder of a Vested Option has the right to receive an amount in cash determined by multiplying (x) the excess, if any, of $5.40 over the applicable exercise price of such Vested Option by (y)  the number of Class A Ordinary Shares underlying such Vested Option, and (ii) each outstanding but unvested option (each, an “Unvested Option”) to purchase Class A Ordinary Shares under Changyou’s share incentive plans will remain outstanding and continue to vest following the Effective Time in accordance with the applicable Changyou share incentive plan and award agreement governing such Unvested Option in effect immediately prior to the Effective Time.

Because Changyou Merger Co. owned over 90% of the voting power represented by all issued and outstanding shares of Changyou prior to the effectiveness of the Changyou Merger and the Changyou Merger was in the form of a short-form merger in accordance with section 233(7) of the Companies Law of the Cayman Islands, the Changyou Merger was not subject to a vote of the shareholders of Changyou.

Changyou has requested that trading of Changyou ADSs on the Nasdaq Global Select Market be suspended, and that the Nasdaq Stock Market LLC (“Nasdaq”) file with the Securities and Exchange Commission (the “SEC”) a Form 25 notifying the SEC of Nasdaq’s withdrawal of the Changyou ADSs from listing on Nasdaq and intention to withdraw the Class A Ordinary Shares from registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Changyou has informed Sohu that it intends to file with the SEC, ten days after Nasdaq files the Form 25, a Form 15 suspending Changyou’s reporting obligations under the Exchange Act and withdrawing the registration of the Class A Ordinary Shares under the Exchange Act. Changyou’s obligations to file with or furnish to the SEC certain reports and forms, including Form 20-F and Form 6-K, will be suspended immediately as of the filing date of the Form 15 and will terminate once the deregistration of the Class A Ordinary Shares becomes effective.

Houlihan Lokey (China) Limited has served as financial advisor to the committee of independent and disinterested directors established by Changyou’s board of directors (the “Changyou Special Committee”) to review and evaluate the Changyou Merger; and Skadden, Arps, Slate, Meagher & Flom LLP has served as U.S. legal counsel to the Changyou Special Committee.

China Renaissance, through its subsidiary CRP-Fanya Investment Consultants (Beijing) Limited, has served as financial advisor to Sohu in connection with the Changyou Merger; Goulston & Storrs PC has served as U.S. legal counsel to Sohu; and Han Kun Law Offices has served as PRC legal counsel to Sohu.

Conyers Dill & Pearman has advised as to Cayman Islands legal matters with respect to the Changyou Merger.

About Changyou

Changyou is a leading developer and operator of online games in China with a diverse portfolio of popular online games, such as Tian Long Ba Bu (“TLBB”), one of the most popular PC games in China, as well as a number of mobile games. Changyou also owns and operates the 17173.com Website, a leading game information portal in China. Changyou began operations as a business unit within Sohu in 2003, and was carved out as a separate, stand-alone company in December 2007. Changyou has an advanced technology platform that includes advanced 2.5D and 3D graphics engines, a uniform game development platform, effective anti-cheating and anti-hacking technologies, proprietary cross-networking technology and advanced data protection technology. For more information, please visit http://ir.changyou.com/.

For investor and media inquiries, please contact:

In China:
Mr. Yujia Zhao
Investor Relations
Tel: +86 (10) 6192-0800
E-mail: ir@cyou-inc.com

In the United States:
Ms. Linda Bergkamp
Christensen
Phone: +1 (480) 614-3004
E-mail: lbergkamp@ChristensenIR.com

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PR Newswire

Luokung Received NASDAQ Notification Letter

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BEIJING, April 18, 2020 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), On April 13, 2020, Luokung Technology Corp.  (the “Company”) received a notification letter from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the bid price for the Company’s common stock for the last 30 consecutive business days had closed below the minimum $1.00 per share required for continued listing under Nasdaq Listing Rule 5550(a)(2).

The notification received has no immediate effect on the listing of the Company’s common stock on Nasdaq. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180 calendar day grace period, or until October 12, 2020, to regain compliance with the minimum bid price requirement. The continued listing standard will be met if the Company evidences a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days during the 180 calendar day grace period. In order for Nasdaq to consider granting the Company additional time beyond October 12, 2020, the Company would be required, among other things, to meet the continued listing requirement for market value of publicly held shares as well as all other standards for initial listing on Nasdaq, with the exception of the minimum bid price requirement. If measured today, the Company would qualify for Nasdaq’s consideration of an extension because the Company currently has stockholders’ equity of at least $5 million. In the event the Company does not regain compliance with the $1.00 bid price requirement by October 12, 2020, eligibility for Nasdaq’s consideration of a second 180 day grace period would be determined on the Company’s compliance with the above referenced criteria on October 12, 2020.

The Company is diligently working to evidence compliance with the minimum bid price requirement for continued listing on Nasdaq; however, there can be no assurance that the Company will be able to regain compliance or that Nasdaq will grant the Company a further extension of time to regain compliance, if necessary.

About Luokung Technology Corp.

Luokung Technology Corp. is one of the global leading spatial-temporal big-data processing technology companies and a leading interactive location-based services company in China. The core business brands of the Company are “Luokuang” and “Superengine”. The Company mainly provides spatial temporal big data PaaS, SaaS and DaaS intelligent services based on its self-developed patented technology which can be applied in Mobile Internet LBS, Internet Travelling, Intelligent Transportation, Automatic Drive, Smart City, Intelligent IoT, Natural Resources Exploration and Monitoring and so on. These services are integrated intelligent computing and application services for spatial temporal data which including but not limited to Satellite and UAV Remote Sensing Image Data, HD Map, 2D and 3D Internet Map, Real-time Trajectory, IoT Industrial Stream Data. For more information please go to http://www.luokung.com.

Business Risks and Forward-Looking Statements

This news release contains forward-looking statements within the meaning of 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 can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

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Source: Luokung Technology Corp.

PR Newswire

Launch Ceremony of “Yiwugo Live Streaming” & Debut of Yiwugo Top Landladies

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YIWU, China, April 17, 2020 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, which is the largest commodity wholesale market in the world, held the “Launch Ceremony of Yiwugo Live Streaming & Debut of Yiwugo Top Landladies” at 2:00 pm, April 15, 2020. Ten landladies who had received the title of “Yiwugo Top Landladies” participated in the event and made their debut on the “Yiwugo Live Streaming” platform to recommend products for the audience.

The “2020 Yiwugo Top Landladies”, including Ye Yili from Shifeng Socks Firm; Long Dongzhao from Bacai Toys Firm; Fu Jiangyan from Zhangweichao Socks Firm; Deng Tingting from Nantong Ennas Home Textile Co., Ltd.; Zhang Jiying from Zhejiang Xingbao Umbrella Co., LTD; Li Jun from Yiwu Zongxin Shoes Co., LTD; Fang Hongying from Hongying Magnet; Shi Guangxu from Brilliant Diamond Painting DIY; Zhu Jingwen from Yiwu Chunchao Hatting Factory; and Zhang Limin from Yiwu Weigang Hardware Firm, not only brought the most recommendable flagship products of their stores, but also launched attractive promotional schemes for this live streaming show. Besides, Yiwugo invited Song Yu, the top host in Yiwu to moderate this live streaming show, and Mr. Wang Jianjun, CEO of Yiwugo, also participated to cheer for the landladies. The products introduced by the landladies during the live streaming show preceded waves of purchase orders.

Different from other streaming platforms that depend on “Internet celebrity” to bring traffic and orders, the “Yiwugo Live Streaming” platform featured the business owners who have great insights into the product features, production process and market advantages to recommend the products in person. As the purchase requirements of wholesale buyers are highly rational and professional, they require more specialized product introductions. As business owners know best about their own products, they may present professional product introductions through live streaming and directly address the concerns of the buyers, thus significantly increasing the deal-closing ratio and meeting the particular conditions of the Yiwu market.

2020 - Yiwugo Top Landladies
2020 – Yiwugo Top Landladies

Besides, the “Yiwugo Live Streaming” platform, which is “grafted” onto the Yiwugo APP, also features a matching intelligent recommendation system. During the live streaming process, the system will automatically match and recommend live streaming businesses for interested buyers who have logged on Yiwugo according to their previous research and purchase data. Once the user followed a certain business, it will also receive live streaming recommendations from the business. As more functions are added to the “Yiwugo Live Streaming” platform in the future, Yiwugo will not only help buyers to easily locate their desired goods, but also contribute to closing more deals.

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PR Newswire

SenSen Networks Secures ~USD$1.5M Smart City Contract in US

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SYDNEY, April 17, 2020 /PRNewswire/ — Australian Artificial intelligence solutions provider, SenSen Networks Ltd (ASX: SNS) has today announced it has been awarded a ~USD$1.5M tender with the City of Las Vegas to provide a range of intelligent transportation and smart city solutions. The agreement will support the City of Las Vegas’ goal to become a true Smart City by 2025.

SenSen’s technology will be used to assist the City of Las Vegas in keeping roads safe and congestion free by automating the enforcement of hundreds of bylaws associated with regulating traffic and parking on city streets.

The initial deal, which will be rolled out later this year, will see the introduction and management of two SenForce mobile parking enforcement units and 80 of its Gemineye mobile units. The ultra-portable nature of the Gemineye solution means units can be deployed across enforcement vehicles and car parks, as well as segways, Go4 scooters and city officers.

Commenting on the Contract win, SenSen CEO, Dr Subhash Challa, said,

“SenSen is extremely proud to be working with the City of Las Vegas. Las Vegas is a flagship US city and SenSen is excited to be providing its world-leading AI and video analytics expertise in improving the amenity of the City’s citizens by helping reduce traffic congestion and efficiently manage its parking.” 

“This is a major milestone for our business in the US. We expect operations will continue to grow as more and more forward-thinking cities seek Smart City intelligent transportation solutions.”

The contract marks the first commercial rollout of SenSen technology with a flagship US city customer, while the 80 Gemineye units to be deployed as part of the contract is the largest commercial implementation with a single SenSen customer to date. The City of Las Vegas, is on track to become a Smart City by 2025 with SenSen assisting with its intelligent transportation systems and smart technology.

The City of Las Vegas is an internationally renowned major resort and entertainment city, with over 42 million visitors annually. It is the most populous city in the State of Nevada, USA and serves as the leading financial, commercial and cultural centre for the State.  The City has a population of more than 650,000 residents while the larger Las Vegas metropolitan area has a population of more than 2 million.

The City of Las Vegas contract builds upon SenSen’s expanding footprint in the US, following the ongoing collaborative services agreement with Chicago Parking Meters, LLC to improve parking space management efficiency in the City of Chicago.

For more information please visit: https://www.sensennetworks.com/ 

Notes to Editor

Valuation of Contract Win

There are no material conditions that need to be satisfied prior to the commencement of the contract and SenSen will earn a total of US$1,584,500 over the five-year term of the contract, including:

  • US$397,600 for the systems, software and commissioning of the units, which will be paid in a milestone delivery-based schedule from May to August 2020.
  • US$237,380 annually in recurring revenues and fees for the software licence, hardware maintenance and support services under the five-year term of the contract. This Software as a Service (SaaS) revenue will be paid in equal monthly instalments of US$19,781 over 5 years (60 payments).

Please see attached full media kit here.

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PR Newswire

Bluevisor chosen for NatWest FinTech Accelerator Programme

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SEOUL, South Korea, April 17, 2020 /PRNewswire/ — Bluevisor, a member company of the Born2Global Centre, was selected for the second consecutive year to participate in the NatWest FinTech Accelerator Programme, which is sponsored by the Royal Bank of Scotland (RBS).

Bluevisor will be participating in the accelerating program from April through August. NatWest is a subsidiary of RBS, a key British financial institution.

Bluevisor picked for NatWest FinTech Accelerator Programme (Hwang Yong-guk, CEO of Bluevisor)
Bluevisor picked for NatWest FinTech Accelerator Programme (Hwang Yong-guk, CEO of Bluevisor)

For the annual program, NatWest assesses promising startups from all over the world that have demonstrated significant growth potential and selects companies to receive support. The selected companies are provided with assistance to obtain technology investments locally in the UK (with a focus on FinTech) as well as global networking support. After initially being selected for the NatWest Accelerator Programme in September 2019, Bluevisor was recognized again this year for its global marketability and localization potential and was selected for program support.

NatWest originally planned to conduct its accelerating program (offline) in the UK. However, due to the spread of COVID-19, the program is temporarily following an online itinerary. Bluevisor has been participating in the online program since April 1.

AI startup Bluevisor is the creator of HIGHBUFF, an AI software solution for investing and wealth enhancement. HIGHBUFF completes all steps in the investment process from portfolio setup, investment asset allocation to re-balancing portfolio. The service is available on PC or smartphones.

Hwang Yong-guk, CEO of Bluevisor, said, “We were selected again this year from among 125 companies and given a high score not only because of our diligent and proactive participation in NatWest’s 2019 program, but also because we network with diverse companies in the London area and show consistent sales increases.” Hwang added, “Now that HIGHBUFF’s technologies, credibility, and marketability are being recognized in the UK, Bluevisor will continue to work to promote the excellence of Korean technology in the global market as well as increase our corporate value through consistent sales increases.”

Bluevisor was also selected to receive support through KIC Silicon Valley‘s KIC-Express Soaring, a program that provides support according to localization phase. The company successfully passed the program’s first level of participant screening and was recently selected to participate in the second level of screening. In 2019, Bluevisor was also named a winner of the New York Family Office Challenge. The company continues to be recognized worldwide for the high quality and marketability of its products and had a media interview at NASDAQ, selected as a top 10 company of Startup World Cup 2019 (New York), and named as a finalist of the startup pitching contest “Take Off Istanbul International Startup Summit 2019” held in Turkey.

For more detailed information on Bluevisor, visit https://bluevisor.kr/#anchor1.

Media contact

Jun Young Kwon
Chief Operations Officer, Bluevisor
coo@bluevisor.kr

Jina Lee
PR Manager, Born2Global Centre
jlee@born2global.com

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PR Newswire

Charoen Pokphand Group Launches Surgical Mask Factory along with Multi-Pronged Initiatives against COVID-19

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  • Production starts today at surgical mask factory in Bangkok, producing 100,000 masks per day
  • Pledged to save jobs across the Group, along with medical, food and education support for employees
  • Donated USD 29.14 Million in Thailand to tackle COVID-19

BANGKOK, April 17, 2020 /PRNewswire/ — To tackle the COVID-19 pandemic, Charoen Pokphand Group (C.P. Group) announces a series of measures focused on supporting its employees, consumers, and the local community, especially healthcare workers. The multi-pronged initiatives include building a surgical mask factory to provide essential medical supplies, preserving jobs across the Group, delivering food and essential supplies to frontline healthcare workers and enhancing digital infrastructure to enable more efficient e-learning and remote working. To date, the Group has contributed donations worldwide to tackle COVID-19, with donations to Thailand totaling USD 29.14 Million, including for the procurement of medical supplies and protective equipment for hospitals.

The Group’s initiatives include the following key areas in Thailand:

  • Launched Surgical Mask Factory: C.P. Group invested USD 3 million (100 million baht) to build a factory just outside Bangkok to produce medical-grade surgical masks in Thailand. The factory was built in 5 weeks during COVID-19 and has obtained regulatory approval from Thai authorities to start producing surgical masks today, with production reaching 100,000 masks per day which totals to 3 million masks per month. The masks will be donated for free to medical professionals and healthcare workers throughout Thailand’s hospitals. When the COVID-19 crisis subsides, the ownership of the factory will be transferred to one of Bangkok’s public hospitals.
  • Support to employees: Mr. Suphachai Chearavanont, the CEO of C.P. Group announced on April 8th, 2020 to staff that the Group is committed to not making layoffs as a result of COVID-19 across the Group worldwide, and will work together with its subsidiaries in accordance with local laws and regulations. In addition, the Group will cover medical expenses to treat COVID-19, provide education loans for their employees’ children, and provide food to quarantined employees who are negatively impacted by COVID-19 in Thailand. The Group also announced plans to create new jobs, including hiring 20,000 new employees for food delivery services across Thailand.
  • Free delivery of food and essentials supplies to hospitals: In response to COVID-19, Charoen Pokphand Foods Public Company Limited (CPF) has provided free food delivery to 88 hospitals across Thailand. To cope with rising demand for food supply throughout Thailand, CPF has increased production capacity of certain essential food such as eggs and will ensure sufficient supplies without an increase in food prices.
  • Upgrade digital infrastructure for remote working and e-learning: C.P. Group’s telecommunications arm, True Corporation Public Company Limited (True Corporation), tripled domestic and international bandwidth capacity to provide customers with enhanced services on digital platforms for e-learning, remote working and e-payment services. To provide digital solutions that help with social distancing, True Corporation has offered free access to a cloud-based integrated solutions platform – “True Virtual World”- that was developed in less than a month during COVID-19 to support work from home arrangements and e-learning for students. True Corporation, in collaboration with CPF, is also providing free mobile phone SIM cards to suspected COVID-19 patients who register to receive free food delivery from CPF. In addition, through the Digital Council of Thailand (DCT), of which C.P. Group’s CEO Suphachai Chearavanont is President, True Corporation announced that they will work alongside other Council members to launch digital platforms and applications to help source medical supply donations as well as track, trace and contain the spread of COVID-19.

Mr. Suphachai Chearavanont, CEO of Charoen Pokphand Group, said, “During these dark times, we must unite and tackle COVID-19 together. Critical to our fight against this pandemic is to make sure our frontline medical workers have the essential medical equipment they need, and surgical masks are critical for them at this time. At this moment, we are also very focused on keeping people employed and do what we can to help our employees and their families, our customers and our local communities. With the mask factory now open along with all our other COVID-19 initiatives, we are using the best of our capability throughout the areas and sectors our Group operates in to contribute to the fight against COVID-19. Our Group was founded on the Three-Benefit Principle, which places the countries and communities in which we operate as well as our people before the company’s interest. This remains central to everything that we do, especially during difficult and challenging times.”

Mr. Soopakij Chearavanont, Chairman of Charoen Pokphand Group, said, “We are committed to fighting the COVID-19 pandemic alongside Thailand until the very end. We strongly believe that through the global partnerships we have with our network of suppliers and most importantly employees, we can pool together skills and resources as we continue our joint efforts to tackle COVID-19. We recognize that this is a challenging time for us all, and as a Group, we want to make sure we are doing everything we can to help our local communities and to support all our stakeholders. This is the right thing to do at this time and I believe by working together, we can get through this unprecedented challenge that COVID-19 has presented to all of us both locally and globally.”

Suphachai Chearavanont (center), CEO of C.P. Group, visiting the production line inside the surgical face mask factory
Suphachai Chearavanont (center), CEO of C.P. Group, visiting the production line inside the surgical face mask factory
C.P. Group Senior Chairman Dhanin Chearavanont (sixth from left), Chairman Soopakij Chearavanont (fourth from left), and CEO Suphachai Chearavanont (third from left), handed 100,000 masks to the Chulalongkorn Hospital, Thai Red Cross
C.P. Group Senior Chairman Dhanin Chearavanont (sixth from left), Chairman Soopakij Chearavanont (fourth from left), and CEO Suphachai Chearavanont (third from left), handed 100,000 masks to the Chulalongkorn Hospital, Thai Red Cross

About Charoen Pokphand Group:

The Charoen Pokphand Group (C.P. Group) is a leading Thai multi-national conglomerate that operates 3 core businesses in agro-industry and food, marketing and distribution, and telecommunications. C.P. Group invests in 21 countries with over 200 companies and 300,000 employees located around the world. The organization operates under the ‘3-Benefits’ principle of ‘Benefiting the Country, the Society and then the Company’ where ever we operate, thereby enabling C.P. Group to play a role in the development of Thailand’s economic and social development as well as all countries we have invested in. Since September 2017, three of C.P. Group’s listed businesses have been admitted to the Dow Jones Sustainability Index (DJSI) Emerging Markets, signalling C.P. Group’s long-term commitment to ensuring a sustainable future.

For more information, please visit: www.cpgroupglobal.com/en/

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PR Newswire

Chunghwa Telecom 2019 Form 20-F filed with the U.S. SEC

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TAIPEI, April 17, 2020 /PRNewswire/ — Chunghwa Telecom Co., Ltd (TAIEX: 2412, NYSE: CHT) (“Chunghwa” or “the Company”) today announced that the Company filed its 2019 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. The Form 20-F filing is available at https://www.cht.com.tw/en/home/cht.

Hard copies of the Company’s complete audited financial statements can also be requested, free of charge, by contacting Chunghwa, by phone or in writing, at the following address:

Chunghwa Telecom Co., Ltd.
Investor Relations
21-3 Hsinyi Road, Sec. 1, Taipei, Taiwan 100
Tel: +886 2 2344-5488
email: chtir@cht.com.tw

Website: https://www.cht.com.tw/en/home/cht

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) (“Chunghwa” or “the Company”) is Taiwan’s largest integrated telecommunications services company that provides fixed-line, mobile, broadband, and internet services. The Company also provides information and communication technology services to corporate customers with its big data, information security, cloud computing and IDC capabilities, and is expanding its business into innovative technology services such as IoT, AI, etc. In recent years, Chunghwa has been actively involved in corporate social responsibility and has won domestic and international awards and recognition. For more information, please visit our website at www.cht.com.tw.

Cision View original content:http://www.prnewswire.com/news-releases/chunghwa-telecom-2019-form-20-f-filed-with-the-us-sec-301042705.html

Source: Chunghwa Telecom Co., Ltd.

PR Newswire

‘One World: Together At Home’ Global Special to Air on JOOX Music on April 19

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BANGKOK, April 17, 2020 /PRNewswire/ — JOOX Music, a leading music streaming platform, today announced that One World: Together At Home — a globally televised and streamed special in support of the fight against the COVID-19 pandemic, will air on JOOX Music in Thailand, Hong Kong and Macau SAR, Indonesia, Malaysia, Myanmar and South Africa on April 19.

‘One World: Together At Home’ Global Special to Air on JOOX Music on April 19
‘One World: Together At Home’ Global Special to Air on JOOX Music on April 19

‘One World: Together At Home’ — 6-hour Digital Broadcast Special:

Thailand: 1am – 7am, April 19

Hong Kong and Macau SAR: 2am – 8am, April 19

Indonesia: 1am – 7am, April 19

Malaysia: 2am – 8am, April 19

Myanmar: 12.30am – 6.30am, April 19

South Africa: 8pm – 2am, April 18

‘One World: Together At Home’ — 2-hour Broadcast Special:

Thailand: 7am, April 19

Hong Kong and Macau SAR: 8am, April 19

Indonesia: 7am, April 19

Malaysia: 8am, April 19

Myanmar: 6.30am, April 19

South Africa: 2am, April 19

Launched by international advocacy organization Global Citizen, and the World Health Organization (WHO), One World: Together At Home will show unity among all people who are affected by COVID-19 and will also celebrate and support brave healthcare workers doing life-saving work on the front lines.

Curated in collaboration with Lady Gaga, One World: Together At Home will include performances and appearances by:

Adam Lambert, Alicia Keys, Amy Poehler, Andra Day, Andrea Bocelli, Angèle, Anitta, Annie Lennox, Awkwafina, Becky G, Ben Platt, Billie Eilish, Billie Joe Armstrong of Green Day, Billy Ray Cyrus, Black Coffee, Bridget Moynahan, Burna Boy, Camila Cabello, Cassper Nyovest, Céline Dion, Charlie Puth, Chris Martin, Christine and the Queens, Common, Connie Britton, Danai Gurira, David & Victoria Beckham, Delta Goodrem, Don Cheadle, Eason Chan, Eddie Vedder, Ellen DeGeneres, Elton John, Erin Richards, FINNEAS, Heidi Klum, Hozier, Hussain Al Jassmi, Idris and Sabrina Elba, J Balvin, Jack Black, Jack Johnson, Jacky Cheung, Jameela Jamil, James McAvoy, Jason Segel, Jennifer Hudson, Jennifer Lopez, Jess Glynne, Jessie J, Jessie Reyez, Jimmy Fallon, Jimmy Kimmel, John Legend, Juanes, Kacey Musgraves, Keith Urban, Kerry Washington, Kesha, Lady Antebellum, Lady Gaga, Lang Lang, Leslie Odom Jr., Lewis Hamilton, Liam Payne, Lili Reinhart, Lilly Singh, Lily Tomlin, Lindsey Vonn, Lisa Mishra, Lizzo, LL Cool J, Lola Lennox, Luis Fonsi, Lupita Nyong‘o, Maluma, Maren Morris, Matt Bomer, Matthew McConaughey, Megan Rapinoe, Michael Bublé, Milky Chance, Naomi Osaka, Natti Natasha, Niall Horan, Nomzamo Mbatha, Oprah Winfrey, Paul McCartney, Pharrell Williams, P.K. Subban, Picture This, Priyanka Chopra Jonas, Rita Ora, Sam Heughan, Sam Smith, Samuel L Jackson, Sarah Jessica Parker, Sebastián Yatra, Shah Rukh Khan, Shawn Mendes, Sheryl Crow, Sho Madjozi, Sofi Tukker, Stephen Colbert, Stevie Wonder, Superm, Taylor Swift, The Killers, Tim Gunn, Usher, Vishal Mishra and Zucchero.

Poshu Yeung, Vice President, International Business Group, Tencent said, “As a leading music streaming platform, JOOX Music is proud to be a part of this global initiative that unites performers, music fans and all citizens around the world in a collaborative effort to beat coronavirus, supporting frontline healthcare workers and the WHO. We stand together, gathering our hearts while staying at home, with all music lovers in Thailand, Hong Kong and Macau SAR, Indonesia, Malaysia, Myanmar and South Africa in using music as a universal tool in our fight against the further spread of COVID-19.”

One World: Together At Home is not a telethon — it is a historic, first-of-its kind global broadcast event to celebrate the heroic efforts of community health workers, and to support the World Health Organization in the global fight to end COVID-19. The broadcast will feature stories from frontline healthcare workers on the COVID response, commitments from philanthropists, governments and corporations to support and equip frontline healthcare workers around the world, with masks, gowns and other vital equipment, and to local charities that provide food, shelter, and healthcare to those that need it most.

For more information about Global Citizen and its campaign to support the COVID-19 Solidarity Response Fund for WHO, powered by the UN Foundation, please visit globalcitizen.org and follow @GlblCtzn on Twitter, Facebook and Instagram using #GlobalCitizen. 

To learn more about WHO’s response to the pandemic and the COVID-19 Solidarity Response Fund, please go to www.who.int/COVID-19 and follow @WHO on Twitter, Facebook, Instagram and LinkedIn.

For information about how to tune in and take action, visit www.globalcitizen.org/togetherathome.

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