Shenzhen Set to Host 6th Global Cross-Border E-Commerce and 8th Intl. Cross-Border E-Commerce Trade Expo

SHENZHEN, China, July 24, 2023 /PRNewswire/ — The 6th Global Cross-border E-commerce Festival and the 8th Shenzhen International Cross-border E-commerce Trade Expo will be held from July 31st to August 2nd, 2023, at the Shenzhen Convention and Exhibition Center (Futian). This year’s festival is themed “Cross-border Culture, Brands Going Overseas, and Empowering Nation with Intelligence,” and will focus on the applications of the Belt and Road Initiative, Internet+, Regional Comprehensive Economic Partnership (RCEP), AI, ChatGPT, and other areas in the field of cross-border e-commerce.

Since its inception, the Global Cross-border E-commerce Festival and Shenzhen International Cross-border E-commerce Trade Expo have made significant strides, growing in scale, addressing topical issues, resource docking, and industry chain effects. It has become increasingly influential within the industry, becoming a major event in the global cross-border e-commerce field.

The 2023 6th Global Cross-border E-commerce Festival and the 8th Shenzhen International Cross-border E-commerce Trade Expo are hosted by the Shenzhen Cross-border E-commerce Association (referred to as “SZCBEA”). This year, with the theme of ‘Cross-border Culture, Brands Going Overseas, and Empowering the Nation with Intelligence’, it revolves around the objectives of “Internationalization, Specialization, Industrialization, and Branding”, featuring over 20 sub-events taking place across five major categories – exhibitions, competitions, forums, business, and activities.

The Global Cross-border E-commerce Festival showcases brand culture combined with oriental elements, integrates resources from various industrial belts, and gathers well-known and emerging brands from across China. More than 50 industrial belts will be on show, including Changshu clothing and auto parts, Zhongshan lighting, Zhejiang Jiaxing clothing, Hebei pet food, Fujian Shishi clothing, Cixi small appliances, Ningxia Yanchi, Guangdong East toys, Yiwu small commodities, Shantou knitwear, Ningbo, Jiangsu glasses and home textiles, Yangjiang knives, Anji green home, and Shandong Weihai fishing gear. In addition to this, more than 2000 high-quality source factories and over 100,000 professional buyer groups will gather at the Shenzhen (Futian) Convention and Exhibition Center.

Over the past six years, SZCBEA has hosted exhibitions in three cities and eight venues, with a combined area exceeding 160,000 square meters, serving over 4000 exhibitors, and attracting more than 30,000 professional visitors from over 30 countries and regions globally.

In 2023, cross-border e-commerce has entered a new stage of development, and the 6th Global Cross-border E-commerce Festival is poised to become a major industry event incorporating the entire industry chain. The conference will feature top experts, scholars, and entrepreneurs who are leading the development of the industry, delivering keynote speeches and presentations. The industry-themed forum will also play a significant role in guiding strategic direction and facilitating resource exchange, jointly promoting the high-quality development of the cross-border e-commerce industry.

The festival will showcase China’s cross-border e-commerce industry from different perspectives, emphasizing its unique “one-stop full chain” advantage. It aims to elevate the industry and build connections among China’s various industries. Through exhibitions, competitions, forums, and other events, the festival will promote the growth of cross-border e-commerce and highlight its potential.

We cordially invite all outstanding cross-border e-commerce enterprises and representatives to actively participate and warmly welcome friends from all walks of society to attend the 2023 Global Cross-border E-commerce Festival and the 8th Shenzhen International Cross-border E-commerce Trade Expo from July 31 to August 2.

Samsung Odyssey OLED G9 Gaming Monitor Lands in Malaysia for MYR 9,499 Onward

Samsung launched their updated ultimate gaming monitor back in CES 2023 in January. To be fair, CES 2023 saw Samsung showcasing several versions of their ultimate gaming monitor, the Odyssey G9. One of them was the Odyssey Neo G9 that packs dual UHD resolution on a 57-inch curved panel. While it does sound nice, only NVIDIA’s most powerful GeForce RTX 4090 seems to fit the bill for that display. You might even struggle getting the most out of the monitor even with NVIDIA’s most extreme GPU. The Odyssey Neo G9 is a little unrealistic then. But what about the other monitor Samsung introduced? What about the Odyssey OLED G9?

The Odyssey OLED G9 is not necessarily a new recipe from Samsung. Samsung already made the Odyssey G9 in the prior years. It is an out-of-this-world, hardware-pushing, borderline overkill of a gaming monitor that offers 49 inches of ultra-wide experience in dual QHD resolution at a curve. That also means you do not need to lean to one side of the display to see what is happening at the edge, simply turn your head and you are there. It was, in its day, the ultimate gaming monitor for the ultimate gamers. You want one, until. CES 2023 arrives, and Samsung says they can make this recipe even better.

Odyssey OLED G9 (8)
Source: Samsung

It is a simple recipe; just add OLED into the mix. The Samsung Odyssey OLED G9 is now born. While it is new in Malaysia, the product has seen the light of day in other regions, including South Korea and the United States. No matter though, that was a month ago and now it is officially arriving in Malaysia.

For starters, if you missed our CES 2023 coverage on Samsung’s ultimate gaming monitor, it offers 49 inches still at 1800R curvature. It still allows you to just swivel your head to see everything clearly and easily from a single spot. You still get the 32:9 dual QHD resolution from the older regular Odyssey G9. It even comes standard with 240Hz refresh rate for ultra-smooth frame rates when possible, and 0.3ms gray-to-gray response time for ultra-fast and responsive gaming. It still comes with AMD’s FreeSync Premium Pro for tear-free gaming and visual experience for even more immersion when you game. There is also a new CoreSync and Core Lighting+ that cleverly lights up in RGB and according to what you see on your display to add even more immersion to your games and movies. If you do not want a bulky speaker set-up to take up space on your desk, there are even two 5W speakers to work with.

The biggest change to it, and its party piece, is the OLED panel that this one comes with. It now offers a true HDR experience with DisplayHDR TrueBlack 400 standard. That also means that you are not just getting vivid colours, but an inky black that is more accurately represented than before. You can even start to appreciate the incredibly vivid and bright colours that the Odyssey OLED G9 can now offer thanks to the typical OLED colour reproduction.

  • Odyssey OLED G9 (1)
  • Odyssey OLED G9 (3)
  • Odyssey OLED G9 (7)
  • Odyssey OLED G9 (8)

It is not just games that will pop on the display. You can now opt for the Odyssey OLED G9 (G95SC) to come with TizenOS built right into the monitor to directly reach OTT services like Netflix or Prime Video. Since the display real estate is expansive enough, you can even opt to work with multiple views (Multi View) for the ultimate multitasking experience. It is modernized too, to take on the future world. It offers HDMI 2.1, Micro HDMI 2.1 and Display Port 1.4 inputs with Auto Source Switch+ so that you can work with multiple devices quickly. They redesigned the stands too, sturdier than ever while still allowing you to easily adjust its height and tilt.

The Samsung Odyssey OLED G9 is now available for MYR 9,499 (G93SC) onward. For MYR 500 on top of that (MYR 9,999), you can get the Odyssey OLED G9 with smart TV functionalities. You can head over to the nearest Samsung authorised dealer or Samsung official stores to get your hands on one of these gaming monitors. You can even head to their online stores to make a purchase. If you do get your monitor between now to 31st of August 2023 though, you get to buy your Odyssey OLED G9 for MYR 8,074 and MYR 8,499 respectively. For more information on Samsung’s latest Odyssey OLED G9, you can visit their website.

Meet the Xanthus Collection, Razer’s New Streetwear Line

Razer has introduced its latest collection, Razer Xanthus, following the success of its previous in-house apparel collections such as Genesis, Unleashed, and Instinct.

Razer Xanthus PR Banner KV
Source: Razer

This collection features Razer’s iconic acid green colour and graphics. The collection offers various styling options and customization choices, such as detachable straps with the motto “For Gamers. By Gamers.” and logo patches.

Xanthus Tote Bag 746 R3

The new Xanthus Collection includes an oversized tank, a tee, a double pocket oversized tee, short sleeve shirt, cargo shorts, a 6-panel cap, and a bucket hat. All are crafted from high-quality, breathable materials.

  • Xanthus Bucket Hat 245 R3
  • Xanthus Dad Hat 189 R4
  • Xanthus DP Oversized Tee 050 R3

Also part of the Xanthus collection is a Crossbody Bag and a Tote Bag. These bags are waterproof, lightweight, and allow gamers like yourself to conveniently carry with ease.

Razer Xanthus PR Banner 3
Source: Razer

Pricing & Availability

The Xanthus collection is available for purchase via Razer.com, RazerStores, and selected retailers* starting on 11th July 2023. Check out the tables below for the prices.

ItemPrice (USD$)Price (EURЄ)
Xanthus – Oversized Tank$89.99
(MYR411.75)
109.99€
(MYR559.94)
Xanthus – Tee$99.99
(MYR457.50)
119.99€
(MYR610.89)
Xanthus – Double Pocket Oversized Tee$99.99
(MYR457.50)
119.99€
(MYR610.89)
Xanthus – Short Sleeve Shirt$109.99
(MYR503.26)
129.99€
(MYR661.81)
Xanthus – Cargo Shorts$109.99
(MYR503.26)
129.99€
(MYR661.81)
Xanthus – 6-Panel Cap$59.99
(MYR274.48)
69.99€
(MYR354.64)
Xanthus – Bucket Hat$69.99
(MYR320.24)
79.99€
(MYR405.31)
Xanthus – Crossbody Bag*$79.99
(MYR365.99)
99.99€
(MYR506.65)
Xanthus – Tote Bag*$89.99
(MYR411.75)
109.99€
(MYR559.94)

Project Matty: Revolutionizing Care for Children with Autism and ADHD Through AI


SINGAPORE, July 24, 2023 /PRNewswire/ — Project Matty, a pioneering digital health solution, has been launched by a dedicated mother of an ADHD-diagnosed child and Dr. Pamela Lim, a clinical psychology doctor. Both inspired by their personal experiences and united by their commitment to improve the lives of children with autism and ADHD, they’re harnessing the power of artificial intelligence (AI) for an extraordinary mission.

The co-founders’ personal journeys fuel their resolve to bridge the gap in traditional treatments. Born out of one mother’s determination to help her ADHD-diagnosed son, and Dr. Pamela Lim’s drive to assist others like her own child with autism, Project Matty aims to provide more accessible, effective, and personalized care to children worldwide.

Enter M.A.T.T.Y – an acronym for Managing Autism/ADHD Through Texting to You. It’s an AI system that leverages the simplicity and familiarity of texting. M.A.T.T.Y engages in insightful chats with caregivers, learning about each child’s unique traits, and using this information to create personalized virtual pets. These AI-powered pals provide children with an engaging, safe environment where they can develop essential skills beyond clinical settings.

Dr. Pamela Lim, a stalwart in the field of clinical psychology, emphasizes the core philosophy of Project Matty. “Kids with neurodevelopmental disorders behave differently because their brains process the world differently. They’re not abnormal, just different. By understanding how they perceive the world, we can help them integrate into what may seem a frightening and strange world. Our mission with M.A.T.T.Y is to empower caregivers, who can then empower these amazing kids.”

Project Matty embodies the transformative potential of technology when combined with deep empathy and personal experience. It presents a significant opportunity for investors looking to support an innovative solution with vast societal impact.

Join Project Matty in empowering children with Autism and ADHD to reach their full potential. Together, we can make a difference in their lives and contribute to a more inclusive, supportive world.

For more information about Project Matty, visit www.projectmatty.com. To schedule an interview or for more information, please contact Nora Lam at hello@projectmatty.com

Dr Pamela Lim Bio:

https://www.linkedin.com/in/dr-pamela-lim/?originalSubdomain=sg

Medlinker’s MedGPT Performs 96% As Well As Top Human Doctors

In a Livestreamed Real-World Assessment, MedGPT’s AI Doctors Rival Diagnostic Accuracy of China’s Leading Doctors

BEIJING, July 22, 2023 /PRNewswire/ — Medlinker, a leading digital healthcare company in China, undertook a real world comparison of AI doctors accessible through its MedGPT service and their human equivalents in Chengdu on June 30 2023.

The evaluation, streamed live, involved 120 real patients and ten attending physicians from West China Hospital, Sichuan University. Seven eminent physicians from leading Chinese hospitals reviewed and scored the results based on criteria including consultation accuracy, diagnosis, treatment recommendations, suggested additional examinations, data analysis, explanation provided to patients, and the use of natural language in patient interactions. Human doctors scored an average of 7.5 out of 10, while MedGPT scored 7.2. MedGPT’s recommendations were found to be 96% as good as those from top-tier physicians.

Launched by Medlinker on May 25 2023, MedGPT is China’s first homegrown medical large-scale language model founded on the Transformer architecture. Unlike general-purpose large-scale models, MedGPT was designed to provide practical diagnostic value in real medical scenarios, offering intelligent diagnosis and treatment capabilities throughout the entire process, from disease prevention to diagnosis, treatment, and rehabilitation. Medlinker’s ability to release a large-scale medical model ahead of its peers is the result of its accumulated expertise in artificial intelligence, big data, and internet-based healthcare. The world’s first real patient evaluation confirms Medlinker’s leadership in the research, development and application of medical large-scale language models.

The consultation session between doctor and patient was planned to fully ensure the impartiality and fact-based reliability of the evaluation, following a carefully established process:

  • The patient explained their medical situation, including symptoms and previous treatments, to the medical assistant;
  • The medical assistant relayed the collected information simultaneously to the human doctor and to MedGPT through online text input;
  • The medical assistant acted as the intermediary as doctor and patient completed multiple rounds of communication until sufficient information had been collected for a diagnosis;
  • Based on the information, the human doctor and MedGPT ordered specific follow-up examinations or, if the information provided was sufficient, provided a diagnosis to the patient;
  • If further examinations were required, the patient underwent examinations at the hospital;
  • After obtaining the examination results, the patient returned for a final consultation where MedGPT and the human doctor independently provided a clinical diagnosis and treatment.

Throughout the entire process, the human doctor and MedGPT worked independently with no sharing of information, to ensure that both were operating under the same conditions.

During the evaluation session, the medical experts on the panel were impressed by MedGPT’s performance. They generally agreed that MedGPT ensured medical accuracy by collecting sufficient information through multiple rounds of questioning, resulting in a relatively low probability of misdiagnosis or missed diagnosis. What was particularly surprising was that, unlike doctors specialized in one field, MedGPT could diagnose diseases outside its field of expertise and suggest a treatment program based on other clinical observations and factors, something that can be quite challenging to achieve in routine consultations undertaken by specialists. The panel concluded that MedGPT’s knowledge coverage surpassed that of human doctors with limited experience.

“The integration of AI doctors and telemedicine services is certain to disrupt the entire medical field,” said Wang Shirui, founder and CEO of Medlinker. “Looking into the future, we firmly believe that through Medlinker’s MedGPT, both the efficiency and the effectiveness of doctors will be vastly enhanced. At the same time, it will become possible to rapidly replicate high-quality medical resources and make them universally available. Furthermore, Medlinker’s telemedicine service network will be able to leverage MedGPT to provide more convenient, efficient and accessible medical services to a significantly larger pool of patients, vastly expanding medical inclusion, and taking a huge step towards solving the biggest dilemma facing the medical community today, providing medical services that are efficient and deliver meaningful treatment to the patient while remaining affordable.”

Solar Energy Storage System EP Cube Cooperates with Treedom to Boost Environmental-friendly and Sustainable Development

SAN FRANCISCO, July 22, 2023 /PRNewswire/ — EP Cube announced its partnership with Treedom, the first platform in the world allowing customers to plant a tree remotely and track the story online, and jointly launched the “One Move to Green, One Step to Eternal Planet” event.

Through this initiative, all customers who purchase EP Cube will receive a tree planted by Treedom. Participants can invite their friends to join as well. The initiative details can be found on EP Cube’s social media platforms. All proceeds from the trees will be used to benefit local communities and residents.

Battery systems bring sustainable benefits by supplying power to households during peak hours, thus reducing customers’ electricity bills and their reliance on traditional energy sources. As the first self-designed-and-developed residential energy storage system by Eternalplanet, a consumer-oriented independent brand under Canadian Solar, EP Cube furthers these benefits, offering greater energy savings and sustainability through compatibility with high-power solar panels, enhancing energy efficiency and cutting down energy loss.

By partnering with Treedom, EP Cube now offers those investing in solar energy storage a way to make an even larger positive impact by helping support tree-planting projects around the world.

“In this collaboration with Treedom, we are proud to offer our customers an opportunity to take further action and help to protect our planet,” said Mimosa Kan, Director of Business Development at Eternalplanet. “EP Cube plays a significant role in saving energy, decreasing reliance on fossil fuels, and reducing emissions – equivalent to as much as 600 trees a year. We hope this collaboration will encourage more people to go green with EP Cube.”

The initiative is currently underway in the US and will come to more regions globally. Canadian Solar and Eternalplanet are dedicated to further popularizing this campaign and will introduce EP Cube to more markets, creating a greener and more sustainable future with their partners.

About Eternalplanet

Eternalplanet is a consumer-oriented independent brand of energy technology under Canadian Solar, with independent design, R&D, manufacturing and global service capabilities. Eternalplanet always adheres to scientific and technological innovation and is committed to providing energy solutions for people and promoting the sustainable development of the world. In September 2022, Eternalplanet launched the first self-designed-and-developed residential energy storage system in the United States – EP Cube. EP Cube adopts industry-leading technologies to provide all-round power backup for every household, with higher safety performance and more flexible capacity expansion. More information on the company can be found at https://epcube.com.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 22 years, Canadian Solar has successfully delivered around 94 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 8.8 GWp in over 20 countries across the world. Currently, the Company has approximately 609 MWp of projects in operation, 6.9 GWp of projects under construction or in backlog (late-stage), and an additional 17.7 GWp of projects in advanced and early-stage pipeline. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit https://www.canadiansolar.com.

CASETiFY Expands Its Customization Studio with Updated Fonts, Texts, and Color Options


New ways to personalize CASETiFY’s most popular accessories, designed by you.

LOS ANGELES, July 21, 2023 /PRNewswire/ — Today, global lifestyle tech accessory brand CASETiFY announced updates to their ever-popular Customization Studio, giving customers additional options for personalizing their tech accessories. With brand new fonts, texts, and colors, fans can create thousands of unique designs made just for them. The CASETiFY Customization Studio is now available at casetify.com.

New ways to personalize CASETiFY’s most popular accessories, designed by you.
New ways to personalize CASETiFY’s most popular accessories, designed by you.

Joining fan-favorite layouts and designs, CASETiFY’s refreshed Customization Studio will bring endless style choices for customers to mix and match a number of backgrounds and fonts on the brand’s best-selling accessories. New graphic backgrounds include a colorful slash, checkered patterns, and dot designs, alongside gradient backgrounds in Sunset, Ocean, and Pastel colorways. In addition to the already existing fonts, the brand has introduced new typefaces including Modern, Bold, and Retro in a variety of layout options. The all-new Retro font will also be available in a special customizable layout for fans to personalize with their own monogram.

Collection images can be found HERE.

The Customization Studio will be available on CASETiFY’s signature Impact, Ultra Impact, Pillow, Clear, Leather, Mirror and Bounce Cases, available for iPhone, Samsung, and Google Pixel. Product offerings will also extend to complementary accessories made for AirPods and AirPods Pro, AirTags, Apple Watch bands, wireless chargers, PVC clutches, sling bags, water bottles, MacBook, iPad and the latest MagSafe lineup. The collection retails from $59$99 USD depending on the case model and device model selected.

The CASETiFY Customization Studio launches worldwide on casetify.com, available for purchase online, in the CASETiFY Co-Lab app (available now in the App Store), and at CASETiFY Studio locations. To learn more, visit CASETiFY.com and follow along on Instagram, Facebook, TikTok and Twitter.

About CASETiFY

CASETiFY is a global lifestyle brand and home to the first and largest platform for customized tech accessories. Created with the highest-quality materials and most cutting-edge designs, CASETiFY’s products empower self-expression by turning your personal electronics into highly designed, stylishly slim, drop-proof accessories. Known for tapping top artists, big celebrities and creatives for its Co-Lab program, CASETiFY gives brands and individuals the opportunity to share their unique visions with the world. With more than 20 retail shops and growing, CASETiFY Studio provides a one-stop, visual retail experience where customers can customize their accessories on the spot.  For more information on CASETiFY, its stores, partners and products, please visit www.CASETiFY.com.

Smart HDMI Sync Box for high-end user, Lumary launches the Imvisual HDMI Sync Kit series

LOS ANGELES, July 21, 2023 /PRNewswire/ — Lumary, a company at the forefront of innovation in the smart lighting industry, proudly announces the launch of the Lumary Imvisual HDMI Sync Kit series, which is based on HDMI synchronization box technology. This kit boasts outstanding features and a breathtaking design, offering users an unparalleled seamless fusion of lighting and imagery.

Lumary Zigbee Smart Recessed Lighting Imvisual HDMI Sync Box Kit
Lumary Zigbee Smart Recessed Lighting Imvisual HDMI Sync Box Kit

Imvisual Technology: Imvisual is an AI-powered algorithm developed by Lumary that enables real-time color synchronization between Zigbee smart recessed lights and TV backlight with your TV, computer, or projector. This innovative technology creates an immersive dynamic viewing experience, enhancing the ambiance of any room. Whether you are enjoying a movie, playing video games, or simply relaxing with friends and family, you will undoubtedly be impressed.

Lumary Imvisual HDMI Sync Kit includes 4 Zigbee smart recessed lights, an HDMI Sync box, and a 12.5ft smart TV backlight for 55-65 inch TVs. These products work together in innovative ways to elevate the home theater experience to a whole new level.

Lumary Imvisual’s core – HDMI 2.0 Sync Box, supporting 2a 240Hz high refresh rate, providing more frequent screen updates for clearer fast-action visuals. This means that when watching dynamic content such as movies, TV shows, sports events, or playing games, you’ll experience smoother and more defined motion and visuals, immersing you in a more realistic and engaging experience.  The 4K HDR technology can reproduce colors and brightness closer to the real world. It provides more details and accurate color reproduction, allowing viewers to enjoy clearer, more delicate, and more vivid images, enhancing the immersion and enjoyment of movies, games, and other media content. Lumary HDMI Sync Box can achieves low-latency synchronization, whether you’re watching movies, TV shows, sports events, or playing games, our HDMI Sync Box eliminates any possible delays or synchronization issues between different HDMI sources, ensuring a seamless viewing experience. Each frame will arrive on time for your display, guaranteeing you won’t miss any details and allowing you to enjoy the best visual effects.

Zigbee Smart Recessed Lights: compared to Wi-Fi protocols, Zigbee provides more stable signal transmission. The Zigbee protocol employs a simple pairing process, eliminating the need for complicated network settings and operations, allowing users to quickly establish a wireless connection between smart spotlights and smart home systems.

Dynamic RGBAI TV Backlight: Lumary RGBAI technology enables displaying multiple colors simultaneously. Specifically designed for 55-65 inch TVs, providing a seamless and immersive viewing experience with Smart TV LED Backlight enhancing the TV screen’s quality.

The Lumary Imvisual HDMI Sync Kit is now available. Whether you’re a home theater enthusiast or someone who enjoys spending wonderful moments in front of the TV, the Lumary Imvisual HDMI Sync Kit promises an extraordinary audiovisual experience. Visit the Lumary official website for more information and to reserve your Lumary Imvisual HDMI Sync Kit.

About Lumary:

Lumary is a smart lifestyle brand providing high-end smart lighting products. Lumary is a tech-led, people-oriented company. Lumary technology can combine voice assistants and mobile applications to provide high-quality smart products and a more convenient user experience for Lumary customers. Easy and quick installation and the latest technology save your time and make your experience more enjoyable.

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Email: marketing@lumary.tech

LG Innotek published the 2022-2023 Sustainability Report


  • Achieved 20% carbon neutrality within one year after the declaration and increased shareholder-friendly policies such as the 10% dividend payout ratio
  • Increased investment in R&D by 33% from the previous year to strengthen the competitiveness of future business

SEOUL, South Korea, July 21, 2023 /PRNewswire/ — LG Innotek (CEO Jeong Cheol-dong) announced on the 21st that it had published the ‘2022-2023 Sustainability Report’ that covers the performance of ESG (Environmental·Social·Governance) management.

LG Innotek published the 2022-2023 Sustainability Report
LG Innotek published the 2022-2023 Sustainability Report

LG Innotek achieved meaningful results previous year by performing substantial ESG management activities to enhance corporate value.

In the environmental field, LG Innotek joined ‘RE100’ and decided to use renewable electricity in all workplaces by 2030. At the same time, LG Innotek declared that it would achieve 100% Carbon Neutrality by 2040. LG Innotek also joined the Science Based Targets initiative (SBTi) to systematically carry out carbon neutrality activities.

LG Innotek has already achieved the goal quickly by recording the renewable electricity conversion rate of 22% (RE22) and carbon neutrality rate of 20%.

In 2022, LG Innotek received the ‘Minister Prize from the Ministry of Environment’ as the leading company in resource circulation in recognition of its efforts for resource circulation, such as the development of a waste management system, reusing process subsidiary materials, and reducing the use of plastic packaging materials.

Besides, Gumi, Pyeongtaek, and Gwangju plant of LG Innotek have obtained the ‘ZWTL (Zero Waste to Landfill)’ certification from UL(Underwriters Laboratories) Solutions, a global safety certification body. In particular, the Pyeongtaek plant acquired the highest grade ‘Platinum’ last year by achieving 100% resource circulation following the Gumi plant.

In the social field, there is noteworthy in this Sustainability Report that employees participated a lot of social contribution activities. Since the company’s online social contribution portal had launched in 2022, more than 3,000 employees have actively participated in various forms of social contribution activities, such as online donation funding and non-face-to-face volunteering.

LG Innotek was selected as the most excellent company for 6 consecutive years in the Win-Win Growth Index operated by Korea Commission for Corporate partnership.

Furthermore, LG Innotek received Grand Prize from the Great Place to Work in Korea Award in recognition of its excellent corporate culture.

In the field of governance, LG Innotek has focused on creating a transparent and sound business environment. As a result, LG Innotek received ISO 37301 (Compliance Management System) certification, Excellent Anti-corruption Company at the Business Integrity Society Summit (BIS) hosted by United Nations Global Compact (UNGC) Korea, and ISO 22301 (Business Continuity Management System) certification last year.

LG Innotek has also strengthened shareholder-friendly policies. In 2022, LG Innotek paid a total of KRW 98.2 billion as a dividend per share, which is a significant increase from the previous year (KRW 71 billion). As a result, LG Innotek successfully implemented its dividend policy of maintaining a dividend payout ratio of 10% or more until 2024.

In addition to ESG management, the Sustainability Report highlights LG Innotek’s various efforts to secure the competitiveness of future business.

LG Innotek invested KRW 752.8 billion in R&D last year to advance original technology and identify new value-added businesses in future growth areas. The amount had a 33% increase from 2021 (KRW 564.2 billion). During the same period, LG Innotek also expanded industry-university collaboration significantly by doubling the number of industry-university projects.

“LG Innotek will continue ESG management faithfully as ‘Global No.1 Material and Component Company’ that provides differentiated customer value.” said CEO Jeong Cheol-dong.

CBAK Energy Expands Battery Production Capacities through Strategic Collaborations in Shangqiu City, Henan, China

  • Meeting Surging Demand for Lithium-ion Batteries with Cost-Effective Expansion

DALIAN, China, July 21, 2023 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its subsidiary, Dalian CBAK Power Battery Co., Ltd. (“Dalian CBAK”), has successfully reached agreements with the Shangqiu Urban-Rural Integration Demonstration Zone (the “Shangqiu City”) and partnering entities (the “Lessor”). These strategic collaborations, in the form of investment and lease agreements, will enable CBAK Energy to satisfy the surging demand for its 26700 cylindrical batteries at a relatively lower cost.

Under the terms of the cooperation, Dalian CBAK will pay an annual rental of several million RMB (the “lease payments”) to secure the rights to utilize the Lessor’s production line. This production line is projected to increase Dalian CBAK’s capacity by approximately RMB300 million worth of our 26700 cylindrical batteries. The Lessor will cover the costs of renovating the production line to meet Dalian CBAK’s manufacturing needs. Production is expected to commence as early as this year. Moreover, the investment agreement with Shangqiu City also presents an opportunity for Dalian CBAK to receive government subsidies once certain tax conditions are met, which will be used to partially or fully offset the lease payments, significantly enhancing the cost-effectiveness to this investment.

Yunfei Li, Chairman and Chief Executive Officer of CBAK Energy, commented, “We are thrilled to embark on this collaboration. It will enable us to expand our production capabilities for high-power batteries, specifically the 26700 lithium-ion cylindrical batteries, in order to meet the rapidly growing market demand. Furthermore, it strengthens our commitment to achieving cost-effective and sustainable growth. We firmly believe that this investment, which allows us to acquire an additional capacity of RMB300 million worth of battery products for only RMB3.5 million, will further enhance our sales expectations.”

About CBAK Energy

CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.

For more information, please visit ir.cbak.com.cn.

Safe Harbor Statement

This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are 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. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

For further inquiries, please contact:

In China:

CBAK Energy Technology, Inc.
Investor Relations Department
Mr. Thierry Jiewei Li
Phone: 86-18675423231
Email: ir@cbak.com.cn

Piacente Financial Communications
Ms. Hui Fan
Tel: +86-10-6508-0677
Email: CBAK@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Ms. Brandi Piacente
Tel: +1-212-481-2050
Email: CBAK@thepiacentegroup.com

Source: CBAK Energy Technology, Inc.