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PR Newswire

Global innovators invited to participate in Taiwan’s Inaugural RegTech Challenge

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TAIPEI, Sept. 14, 2020 — Supervised by Financial Supervisory Commission (FSC), organized by Taiwan Financial Services Round Table (TFSR) and hosted by Institute for Information Industry (III) and Taiwan Depository & Clearing Corporation (TDCC) have joined forces to host Taiwan RegTech Challenge (TRC) 2020, an inaugural international challenge in Taiwan. This public-private-partnership, executed by TDCC and FinTechSpace, is supported by over 20 financial institutes across all financial sectors. After 3 months of interview, practical issues from financial supervision to industrial digital supervision are identified. TRC 2020 calls for local and international solutions for accelerating the implementation of RegTech in industries. All participating teams get the chance to be mentored by local experts and the winning prize includes resources and services valued near US$300,000. TRC 2020 opens up a common platform for solution providers to meet and consult with Taiwan regulators and matching with financial institutes. Starting today until October 16th, challenge rounds include the Preliminary, the Semi-final and the Final, which will be hosted on January 28 and 29, 2021.

Global innovators invited to participate in Taiwan’s Inaugural RegTech Challenge, an inaugural international challenge in Taiwan. TRC2020 calls for local and international solutions for accelerating the implementation of RegTech in industries. All participating teams get the chance to be mentored by local experts and the winning prize includes resources and services valued near US$300,000. Registration starts today until October 16th, the Final will be hosted on January 28 and 29, 2021.
Global innovators invited to participate in Taiwan’s Inaugural RegTech Challenge, an inaugural international challenge in Taiwan. TRC2020 calls for local and international solutions for accelerating the implementation of RegTech in industries. All participating teams get the chance to be mentored by local experts and the winning prize includes resources and services valued near US$300,000. Registration starts today until October 16th, the Final will be hosted on January 28 and 29, 2021.

Taiwan RegTech Challenge 2020 proposes the challenge and seeks for solutions in three main areas

In response to FSC’s policy, financial technology development needs and pain points are consolidated and discussed by experts via workshop. These are categorized into three main topics with seven sub-topics as the following:

Topic

Sub-topic

1

eKYC

1.1

Primary and premium information process and collection for KYC purposes like electronic identification, strong authentication, etrust services (eIDAS), identity verification, etc.

2

Monitoring, Surveillance & Data Sharing

2.1

Dynamic and automatic real-time data sharing for supervisors and regulators for surveillance relating to operational risk, market risk, sanction risk, etc.

2.2

Timely incident related information collection and analysis

2.3

Data sharing in compliance

3

Financial Crime Compliance & Fraud Detection

3.1

Suspicious transactions, accounts and behavior detection for money laundering, financing of terrorism, employee misconduct, etc.

3.2

Fraud detection

3.3

Beneficial ownership identification

To effectively promote application, TRC 2020 provides data partner/mentor and one-on-one evaluation mechanisms. Participating teams which are not familiar with financial industry in Taiwan may require relevant data or pairing up with an industry expert. During the Semi-final and the Final, TRC 2020 will provide regulations & compliance and information security/feasibility checkup to ensure information security and compliance. Furthermore, participating teams have the opportunity to obtain FSC regulatory clinic’s counseling and Azure platform provided by Microsoft Taiwan as the development environment.

30 participating teams will be selected to enter the Semi-final. After matching and counseling, 15 will be selected to enter the Final competing for the TRC awards (final 3 and 2 runner-ups) and the PoC prize, awarded by the sponsoring organizations. The prizes include:

TRC Awards

PoC Prize
  • FinTechSpace resources:
    • Rent free for a hot desk in FinTechSpace for 12
      (Final 3) / 6 months (runner-ups)
    • FinTechSpace mentoring including information security check, regulatory clinic, free Baker McKenzie regulation checkup (1 hour), and free AWS cloud space (FinTechSpace AWS JIB)*
  • 2021 FinTech Taipei:
    • Free 2 standard booths for final 3 and 1 standard booth for 2 runner-ups
    • One Demo session
    • Business and venture capital matching
  • eKYC Theme Award:
    • TWCA will issue an EAPS report for the award-winning proposals.
    • After residing at FinTechSpace, the winning team can launch its API on eKYC digital sandbox.
  • AWS
  • Bank SinoPac
  • Cathy United Bank
  • E. Sun Bank
  • Far Eastern International Bank
  • LINE Bank
  • Mega International Commercial Bank
  • Next Bank
  • Taishin International Bank
  • TDCC
  • Yunta Securities

For more information: https://www.fintechspace.com.tw/trc2020-en/

*AWS credits must be applied directly to AWS through FinTechSpace. The winner must not have received past credits more than the offered credits at this time and also meet the Terms and Conditions (see https://aws.amazon.com/awscredits) of FinTechSpace and FinTechSpace Powered by AWS.

Photo – https://photos.prnasia.com/prnh/20200910/2913149-1?lang=0

PR Newswire

Leading University Leverages Nintex Promapp® to Propel Process Excellence

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University of Western Australia deploys the process mapping capabilities of the Nintex Process Platform to accelerate process improvement and underpin business continuity

AUCKLAND, New Zealand, Sept. 14, 2020 — Nintex, the global standard for process management and automation, today announced that The University of Western Australia (UWA) has embarked on the deployment of Nintex Promapp®, the visual and easy-to-use process mapping and management capability of the Nintex Process Platform, to support long-term continuous process improvement across all its faculties and operations.

UWA is ranked in the top 100 of universities around the world, based on QS World University Rankings 2020, and provides world-class education, research and community engagement. It has nearly 24,000 students enrolled across three locations in Crawley, Claremont and Albany as well as in satellite educational facilities in Kalgoorlie.

The decision to leverage the process mapping capabilities of Nintex Promapp follows a requirement by the university for each faculty and operations area to document, understand and update their processes as well as support a culture of business continuity and improvement.

UWA needed to gain a best practice approach to all end-to-end processes from curriculum planning to timetabling and student enrolment, while achieving a more standardised approach and managing process variants effectively.

"We looked at several solutions but were impressed with Nintex’s ability to give us a whole-of-university approach for end-to-end document processes, as well as accountability and the tactical ability for all staff to  easily edit and update processes," says Emma Bailey, Continuous Improvement Manager, at UWA’s Office of Service Delivery.

The University of Western Australia chose Nintex Promapp because of the software’s central information repository where processes and all associated documentation can be maintained, and process owners and experts can own updates and improvements.

Processes and procedures are currently being documented in the university’s finance, HR and brand, marketing and recruitment teams and will roll out across campus management thereafter. Nintex Promapp is also supporting faculties with distinct requirements such as the Faculty of Health and Medical Sciences , with service delivery in podiatry, dental clinics and rural medical placements, where the tool will help refine process hierarchies and associated documentation for coaching staff.

"Other benefits of using Nintex Promapp include the ability to easily move process hierarchies from a high-level process to a really detailed instruction," Bailey says. "The platform enables you to see links across processes and identify processes marked up for action. This will deliver a high-performance culture that is values-led, collaborative, open and ultimately supports all our centralised and remote staff."

The university predicts that long-term benefits from process management will include improved internal and external customer service by being able to provide transparency around specific processes.

"By having processes documented, we will reduce errors, gain efficiencies, and provide a standard service delivery," adds Bailey. "Process improvement will enable individuals to take responsibility for the processes they own and encourage them to provide feedback on processes they’re in, leading to greater staff satisfaction. We will create a working environment in which staff are inspired to give their best in process excellence every day and are motivated to be part of UWA’s success."

To experience the ease and power of the Nintex Process Platform for managing, automating and optimising processes request a personalised demo at https://www.nintex.com/request-demo/.

Media Contact
Laetitia Smith
Nintex
laetitia.smith@nintex.com
cell: +64 21 154 7114

About Nintex
Nintex is the global standard for process management and automation. Today more than 8,000 public and private sector clients across 90 countries turn to the Nintex Platform to accelerate progress on their digital transformation journeys by quickly and easily managing, automating and optimising business processes. Learn more by visiting www.nintex.com and experience how Nintex and its global partner network are shaping the future of Intelligent Process Automation (IPA).

Product or service names mentioned herein may be the trademarks of their respective owners.

Logo – https://techent.tv/wp-content/uploads/2020/09/leading-university-leverages-nintex-promapp-to-propel-process-excellence.jpg

Related Links :

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PR Newswire

iChongqing: How 5G Empowers Chongqing’s Popular Tourism Sites

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CHONGQING, China, Sept. 13, 2020 — What changes will 5G make? How does the smart tourism benefit from 5G in southwestern China’s Chongqing Municipality? On September 8, organized by the Smart Roadshow News Center of the 2020 Smart China Expo Online, the online group interview took place in the Yangtze River Cableway scenic area of Chongqing with the topic of how 5G empowers Chongqing’s popular tourism sites.

The representatives from Chongqing Culture and Tourism Information Center (Data Center), local government and tourist spots attended the online interview. They shared rich information and experiences on how the tourism quality and visit experience get improved by the 5G technologies and intelligent scenic spots management.

The online group interview took place in the Yangtze River Cableway scenic area of Chongqing. (Photo from the Smart Roadshow News Center of the 2020 Smart China Expo Online)
The online group interview took place in the Yangtze River Cableway scenic area of Chongqing. (Photo from the Smart Roadshow News Center of the 2020 Smart China Expo Online)

"The application of technologies such as cloud computing, big data, and 5G have set higher standards for smart culture and tourism development. The Chongqing Municipal Commission of Culture and Tourism Development has attached great importance to the construction of Chongqing’s smart cultural tourism," said Mr. Liu, who is in charge of Chongqing Culture and Tourism Information Center. The city has constructed smart cultural tourism radio and television cloud to integrate the relevant systems and data to achieve better and over-all services and supervision. On the other hand, it actively promotes smart tourism development, including the construction of the smart scenic spots and smart tourism villages. There are currently 56 smart scenic spots and 54 smart villages under construction.

A number of smart scenic spots, smart bookstores, smart museums, and demonstration scenarios of 5G integration of culture, business and tourism have been built in downtown Chongqing. Yuzhong District has developed the cloud tourism experience by releasing online 3D maps and panorama tour and posting QR codes on cultural relics and historical buildings.

The Yangtze River Cableway has China’s first 5G cableway VR supersensory experience program in scenic spots. Without lining up or worrying about bad weather, tourists can experience the supersensory "sliding" along the Yangtze River Cableway. Wearing VR glasses for only three minutes, you can see the Yangtze River’s whole scenes in real time.  

In 2019, the annual number of visitors to Hongyadong Cave was 18 million, which is second only to the Forbidden City. The site provides online services allowing visitors to make an appointment, guiding to find restaurants, shopping, and sightseeing spots by WeChat, the most popular Chinese social media.

Photo – https://photos.prnasia.com/prnh/20200913/2915325-1?lang=0

PR Newswire

China’s Largest K12 Online Education Platform Zuoyebang Showcased Its AI-Powered Education Solutions at 2020 CIFTIS

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BEIJING, Sept. 12, 2020 — On September 4, Zuoyebang, China’s largest online education startup providing K12 tutoring, attended the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing. During CIFITS, Zuoyebang presented its cutting-edge suite of online education solutions including livestreaming courses, the latest Cocos-courseware for primary education, and Paperang P3 series miniature printer.

 "For Zuoyebang, 2020 has been a year of development and expansion," said Su Jing, Executive President of Zuoyebang. "Zuoyebang is committed to creating effective digital classrooms and tools for online learners. We are focused on providing quality alternatives to in-person teaching using cutting-edge AI and big data technology."

Showcased at CIFTIS 2020 was Zuoyebang’s Cocos-courseware, an AI-assisted learning platform that pairs students with teachers via livestreaming. Designed for primary school students that may struggle with concentrating and processing information, it uses gesture recognition, facial recognition, facial expression recognition and voice recognition to engage young learners. This software ensures students are paying attention by monitoring their levels of concentration and adapting to each individual, thus greatly enhancing results.

The company also unveiled its new Paperang P3 series printers equipped with cutting-edge OCR text recognition technology. By taking photos of mistakes, learners can easily print and categorize their mistakes and enhance their learning outcomes.

Zuoyebang took the opportunity to showcase its renowned Famous Teacher service. Led and designed by outstanding alumni from some of China’s most prestigious universities such as Peking and Tsinghua Universities, Zuoyebang’s Famous Teacher program requires exceptional teachers to analyze and recognize as well as overcome specific challenges in each student’s learning.

Zuoyebang takes its social responsibilities to next level by providing inclusive education to K12 students. Its Big Data Monitoring Platform Cungong can effectively learn and analyse user’s behaviour pattern so as to provide in-app personalized exercises and push messages to Zuoyebang’s users. It also filters offensive and negative language appeared on the platform to create healthy and safe learning environments for young learners.  

"We will always commite to boosting the development of educational innovations with technology in China," said Su.

About CIFTIS 2020
Under the theme of "Global Services, Shared Prosperity", CIFTIS 2020 is China’s largest offline service trade exhibition since the COVID-19 outbreak and attracted over 2,000 domestic and international brands.

About Zuoyebang
Established in 2015, Zuoyebang is the largest K12 online education platform in China. The company offers a comprehensive suite of services, including the Zuoyebang Super App, Zuoyebang Live Course App and the Zuoyebang Oral Arithmetic App. Zuoyebang currently has over 800 million registered users, of which 50 million are active daily and over 170 million are active monthly. With headquarters in Beijing, Zuoyebang has 11 branches across the country including Wuhan, Xi’an and Ji’nan. The Ed-tech startup currently employs over 22,000 staff nationwide and recruited an additional 10,000 staff to assist in job creation despite the pandemic in the first half of 2020. At the end of June 2020, Zuoyebang completed its Series E financing of US $750 million.

 

 

PR Newswire

First 2,000 coocaa x Clip TV Smart TVs Sold in Under One Day at the Start of Lazada’s 9.9 Mega Sale

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HO CHI MINH, Vietnam, Sept. 12, 2020 — As part of their new strategic cooperation, Clip TV and coocaa have released a co-branded smart television. Each coocaa x Clip TV includes a complimentary lifetime ad-free Clip TV membership, marking the start of a new generation of free content viewing in Vietnam.

First 2,000 coocaa × Clip TV Smart TVs Sold in Under One Day
First 2,000 coocaa × Clip TV Smart TVs Sold in Under One Day

On September 3, coocaa and Clip TV co-hosted the official product launch for their first co-branded product, which was made available for purchase on Lazada at 00:00 on September 4. All 2,000 units available for purchase were sold in under 12 hours. The co-branded televisions were made available for purchase again on Lazada at the start of Lazada’s 9.9 mega sale, and the first 2,000 units were offered for a special discounted price. All 2,000 were sold within just one day. The coocaa x Clip TV smart TV comes with a free lifetime membership to Clip TV and a 3-year warranty. Plus, those who placed one (or more) in their online shopping cart before September 9 were also entered to win a smart band.

What makes this television so popular? It features a 40-65 inch screen and runs on Android TV, plus, it also comes with a free lifetime membership to Clip TV, providing access to:

  1. Over 100 local television channels
  2. Over 20 international television channels
  3. A massive selection of on-demand content
  4. Access for up to four devices on each Clip TV account

The standard monthly subscription fee for a Clip TV account is VND 50,000, but with the coocaa x Clip TV smart TV, customers can enjoy all of the aforementioned features free.

In addition to providing an outstanding viewing experience, this large-screen AIoT television

  1. Can serve as a base for a smart home ecosystem; by giving a voice command to the television, users can control smart home devices throughout the house.
  2. Runs on Android TV and supports voice control, so with the touch of one button, users can access an endless selection of video content.

To be first to get alerts about coocaa products, when they’ll be in stock, special offers, and more, visit https://bit.ly/3hpjP0e and click on the orange "Follow" icon.

Photo – https://photos.prnasia.com/prnh/20200910/2913150-1?lang=0

PR Newswire

Comply with the trend to build a digital community with a shared future

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BEIJING, Sept. 11, 2020 — A report from Science and Technology Daily:

The world nowadays is made up of diversified entities. With a great amount of driving forces for social and economic development, only digital technology can act as veins to connect each dot.

As to China, although the future setup of development would mainly focus on the "domestic great circulation", the "mutual promotion of domestic and international double circulation" is also of great importance. By launching Global Initiative on Data Security, we declare once again to the world that China adheres to opening up, exerts to promote the establishment of an open world economy and a digital community with a shared future.

Either in the field of science and technology or economy, the trend of globalization is irreversible, so is the trend of the division and cooperation of work and mutual benefit among different countries. China needs to keep the status of being highly open to the world, and creates a new edge in terms of international cooperation and competition in each sector, including the information industry, in order to help realize goals of social development in a new era.

A man of virtue is open-minded and always at ease whereas a man of meanness is full of distress at all times. There are always some countries trying to stir up disputes based on the idea of zero-sum game. Recently, several American politicians have scurried across different continents, sparing no effort to slander China’s IT industry and even the entire opening-up policy with the excuse of "safety maintenance". By advocating global data security, China not only displayed the frankness that we always uphold and stopped the spreading of malicious lies fabricated by certain people, but also exposed the covered hypocrisy of the United States.

In addition to fighting back against political smear, the initiative also reflects China’s profound understanding of the nature of the information industry and how to increases social productivity.

For thousands of years, the realization of the value of information has been closely tied to transmission. Even the oracle of Heaven, if buried in the mountains, is a piece of waste paper. And the core function of the Internet is to fulfill the most extensive and efficient transmission of information in history.

Unlike the slow and repeated progress of productivity in ancient times, the information society is more likely to embrace the trend of broader and thorough interconnection and this will only constantly accelerate and upgrade. Therefore, the lack of international rules in the digital space will jeopardize the development of the global digital economy.

While the United States is taking actions that are not conducive to data security, it still severely accuses other countries of endangering America. No country has any reason to tolerate its hegemony. Judging which products are safe or "convicting" who is jeopardizing data security in other countries should not be left to the United States to speak for itself.

The time has been long past when a hegemonic country could selfishly fulfill its greed with the sacrifice of its subordinates. It is obvious that a visionary country will follow the tides of the time and make concerted efforts to ensure the smooth flow of information under fair and mutually beneficial rules. (Authors:Zhang Mengran, Lu Zijian & Long Yun)

PR Newswire

Ingdan Innovations Introduces New Strategic Investors, RMB166 million Raised for the Blue Ocean of China’s Chips Market

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HONG KONG, Sept. 11, 2020 — Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ”Group”)) is pleased to announce the Company’s non-wholly owned subsidiary Comtech Industrial Technology (Shenzhen) Company Limited ("Comtech Industrial"), a technical service platform engaged in chip sales under the name of "Ingdan Innovations", has reached respective subscription agreements with a total of eight strategic investors, following the introduction of the leading strategic investor Guangdong Finance Fund Management Co., Ltd. ("Guangdong Finance Fund Management") in August 2020. The investment supports Ingdan Innovations‘ rapid development in the trillion-RMB domestic chip market, and will accelerate to the resumption of high growth for the Company’s business.

Pursuant to the strategic investment agreements, the eight investors agreed to inject capital into Comtech Industrial in the aggregate amount of up to RMB165.8 million, for an aggregate equity interest of up to 6.46% of Comtech Industrial. After the transaction, the Company’s shareholding in Comtech Industrial will decrease from 75% to around 70%. Comtech Industrial will continue to be a subsidiary of the Company and the financial results of Comtech Industrial will continue to be consolidated into those of the Group.

Ingdan Innovations is the Group’s technical service platform engaged in chips sales. Ingdan Innovations leverages its network of over 50% of global IC suppliers and top domestic chip companies, and provides chips sales services to over 100 global high-end chip suppliers and tens of thousands of smart hardware companies.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "Benefitting from the rapid development of 5G industries and the infrastructure, Cogobuy recorded strong performance in both profit and revenue in the first half of 2020 and brought on Guangdong Finance Fund Management, which belongs to Guangdong’s largest provincial integrated financial platform as Ingdan Innovations’ first leading strategic investor. Since then, the group successfully introduced eight strategic investors to invest Ingdan Innovations and raised additional capitals for daily operation. Going forward, we expect to introduce more investors into Ingdan Innovations. The new capital will enable Cogobuy to capture the strong demand for high-end chips, driven by the large-scale expansion of 5G industries, artificial intelligence, Internet of Things, and other new infrastructure in China, indirectly increase our chip sales and market shares and maintain the Group’s high growth to prepare for the next momentum."

About Cogobuy Group

Cogobuy Group, a technology service company focusing on serving global chip industry and AIoT ecosystem, is headquartered in Shenzhen, with offices and branches across major cities in China, including Hong Kong, Shanghai, Beijing, Wuhan, Chengdu, Nanjing, Hangzhou, and Xi’an, as well as overseas branches in U.S., Singapore, Israel, and Japan. The Group was composed by Ingdan Innovations, a technical service platform serving chip industry, and "Ingfin Services", integrated the Company’s proprietary products, financing, and other enterprise services, forming a new "Ingdan Innovations + Ingfin Services" dual business model. For further information, please refer to the Company’s website at http://www.cogobuy.com/

For investor and media enquiries

Please contact Ms. Novam Ng at ir@cogobuy.com.

PR Newswire

Nam Tai Property Announces Grand Opening of Nam Tai Inno Park at Greater Bay Area Tech-empowerment Summit

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SHENZHEN, China, Sept. 11, 2020  — Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) is pleased to announce the grand opening of Nam Tai Inno Park (the "Park") at its brand launching event as a part of the "Tech Empowerment • Greater Bay Area" – Technology and Industry Development Summit (the "Summit") held on September 10, 2020 at Guangming Community Sports Center.

At the event, Nam Tai hosted a ceremony with corporate tenants and business partners. Guests included Taihang Automobiles, Mornsun Electronics, Yihong Technology, as well as Harbin Institute of Technology (Shenzhen), Bank of China and Cowin Capital, among others. To date, the Park has attracted around 30 corporate tenants in various tech fields under its pre-leasing program.

The opening of the Park marks the first project launched to the market in Nam Tai’s portfolio and highlights the progress the Company is making on its strategy to be a leading operator of technology parks. Nam Tai is committed to providing the safest, highest quality mixed-use technology and industrial spaces. The Company is also committed to differentiated development strategies, integrated industrial operation system, tech innovations and development opportunities that will create long-term value for its shareholders.

Under the guidance of the Commerce Bureau and Science and Technology Innovation Bureau of Shenzhen Guangming District, Nam Tai co-organized the Summit with Shenzhen Industry-University-Research Cooperation Promotion Association and Shenzhen Big Data and Artificial Intelligence Industry Alliance. In attendance were officials from the district government, industry leaders, scholars and researchers, well-known industry experts, Nam Tai management, financial institutions and media. At the Summit, Jianguo Wei, former Vice Minister of Commerce of China and Vice Chairman of the Center for International Economic Exchanges, delivered a speech on the integration trend of science and technology and industrial economy in the context of the Guangdong-Hong Kong-Macao Greater Bay Area. In addition, Tianyou Chai, academician of the Chinese Academy of Engineering, and Jing Xiao, chief scientist of Ping An Insurance and special expert of national "Thousand Talents Program", discussed the development and future of automation science and technology, and the exploration and practice of "artificial intelligence+finance". 

Nam Tai Inno Park is located in the central area of Guangming District, Shenzhen, with a gross floor area of approximately 330,000 square meters, encompassing five industrial office buildings, two business service centers and three talent dormitories. The office buildings and dormitories are under renovation to be delivered in batches from the third quarter of 2020. The Park is building a "3+4+5" industrial service system to empower enterprises in aspects of technology, incubation, talent, finance, and intelligence. As part of the development project, Nam Tai and Harbin Institute of Technology (Shenzhen) established a "Big Data and Artificial Intelligence Public Service Center" to jointly provide an intelligent ecological environment for enterprises. The Park will continue to promote regional economic development and tech innovation by providing high-quality industrial spaces and service systems.

About Nam Tai Property Inc.

We are a real estate developer and operator, mainly conducting business in Mainland China. Our main land resources are located in the Guangdong-Hong Kong-Macao Greater Bay Area ("Greater Bay Area") and Wuxi, China, of which the three plots in Shenzhen will be developed into Nam Tai Inno Park, Nam Tai Technology Center and Nam Tai Inno Valley. We plan to build these technology parks into landmark parks in the region and provide high-quality industrial offices, industrial service spaces and supporting dormitories to the tenants. Based on the experience of developing and operating technology parks and an industrial relationship network accumulated over the past 40 years, we have also exported the operation model of technology parks to other industrial properties. Through an asset-light model, we have leased industrial properties for repositioning and business invitation. We will also expand the commercial and residential property business in China as an auxiliary development strategy of the Company. As the growth prospects of China maintain, we shall seize development opportunities in the Greater Bay Area and other first- and second-tier cities in China, and continue to strengthen and expand the business of industrial real estate, and commercial and residential properties. Nam Tai Property Inc. is a corporation registered in the British Virgin Islands and listed on the New York Stock Exchange (Symbol: "NTP"). Please refer to our corporate website (www.namtai.com) or the SEC website (www.sec.gov) for our press releases and financial statements.

Forward-looking Statement and Factors that Could Cause our Share Price to Decline

Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "might", "can", "could", "will", "would", "anticipate", "believe", "continue", "estimate", "expect", "forecast", "intend", "plan", "seek", or "timetable". These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business and the industry in which we operate. These statements are only predictions based on our current expectations about future events. There are several factors, many beyond our control, which could cause results to differ materially from our expectation. These risk factors are described in our Annual Report on Form 20-F and in our Current Reports filed on Form 6-K from time to time and are incorporated herein by reference. Any of these factors could, by itself, or together with one or more other factors, adversely affect our business, results of operations or financial condition. There may also be other factors currently unknown to us, or have not been described by us, that could cause our results to differ from our expectations. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements apply only as of the date of this announcement; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstance occurring after the date of this press release or those that might reflect the occurrence of unanticipated events.

Related Links :

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PR Newswire

Canadian Solar Prices Offering of US$200 Million Convertible Senior Notes

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GUELPH, ON, Sept. 11, 2020 — Canadian Solar Inc. (NASDAQ: CSIQ) (the "Company", or "Canadian Solar"), one of the world’s largest solar power companies, today announced pricing of its previously announced offering of US$200 million in aggregate principal amount of convertible senior notes due 2025 (the "Notes") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Company has granted the initial purchasers in the offering a 30-day option to purchase up to an additional US$30 million aggregate principal amount of the Notes. The Company plans to use the net proceeds from the offering for general corporate purposes, which may include the expansion of manufacturing capacity, development of solar power projects and working capital.

The Notes will be senior, unsecured obligations of the Company. The Notes will accrue interest at an annual rate of 2.50%. Interest on the Notes will be payable semi-annually in arrears on April 1 and October 1 of each year, beginning April 1, 2021. The Notes will mature on October 1, 2025, unless repurchased, redeemed or converted in accordance with their terms prior to such date. The Company may not redeem the Notes prior to October 6, 2023 unless certain tax-related events occur. On or after October 6, 2023, the Company may redeem for cash all or part of the Notes, at its option, if the last reported sale price of the Company’s common stock has been at least 130% of the conversion price then in effect on each of at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately prior to the date the Company provides notice of redemption. In the event of certain fundamental changes, holders of the Notes may require the Company to repurchase all or part of the Notes in cash, subject to certain conditions. In addition, if a make-whole fundamental change occurs prior to the maturity date or the Company redeems the Notes, the Company will, under certain circumstances, increase the conversion rate for holders who convert Notes in connection with such make-whole fundamental change or redemption.

The Notes will be convertible at the option of the holders at any time prior to the close of business on the second business day immediately preceding the maturity date. The initial conversion rate of the Notes is 27.2707 common shares of the Company, per US$1,000 principal amount of Notes (which is equivalent to an initial conversion price of approximately US$36.67 per common share and represents a conversion premium of approximately 32.50% above the NASDAQ last reported sale price of the Company’s common shares on September 10, 2020, which was US$27.675 per common share). The conversion rate for the Notes is subject to adjustments upon the occurrence of certain events. Upon conversion, the Company will deliver to such converting holders, a number of the Company’s common shares equal to the applicable conversion rate as of the relevant conversion date, together with a cash payment in lieu of any fractional share.

The Notes have been offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act. The Notes and the common shares deliverable upon conversion of the Notes have not been and will not be registered under the Securities Act or the securities laws of any other place, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Company expects to close the offering on or about September 15, 2020, subject to the satisfaction of customary closing conditions.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

This press release contains information about the pending offerings of the Notes, and there can be no assurance that any of the offerings will be completed.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar power companies. It is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions and has a geographically diversified pipeline of utility-scale solar power projects in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 46 GW of premium-quality, solar photovoltaic modules to customers in over 150 countries. Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 28, 2020. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Related Links :

http://www.canadiansolar.com

PR Newswire

Extract Valuable Information to Enable Smarter Decision-Making with Newgen’s OmniXtract 3.0

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– An Enhanced Version of Newgen’s Intelligent Data Extraction Software Launched

SINGAPORE, Sept. 11, 2020 — Newgen Software, a global provider of low code digital automation platform, has launched OmniXtract 3.0, an enhanced version of its intelligent data extraction software.

The latest version of the software leverages intelligent technologies to enable the accurate extraction of critical data from paper and digital documents and offers enhanced reporting and visualization capabilities. Additionally, it collects documents of various design layouts and formats from disparate sources for extraction.

"When digital has become the new normal, it is important to have an efficient solution for managing content. The enhanced version of our software will help organizations simplify the process of identifying and obtaining complex information from multiple data sources. Organizations can easily extract information from a large volume of documents across various business processes, enabling smarter decision-making, enhancing operational efficiency, and reducing errors," said Diwakar Nigam, MD, and Chairman, Newgen Software.

Key features of the new version include:

  • Reports and Visualization: Offers contextual reports for real-time visualizations and to provide actionable insights across various stages of the extraction lifecycle
  • Extraction Engine: Supports on-premise and cloud-based third-party extraction engines.
  • Pre-configured Document Types: Offers pre-configured document types for common use cases, enabling quick implementations
  • Extraction Analytics: Analyzes historical data for enhancing extraction performance
  • Seamless Integration: Supports various application programming interfaces (APIs) for enabling seamless integration with various Newgen’s offerings

Newgen OmniXtract supports a wide array of extraction technologies, including guided intelligent character recognition, optical mark recognition, optical character recognition, barcode, and magnetic ink character recognition. Furthermore, it enhances accuracy through continuous learning from previously processed documents.

About Newgen Software Technologies Pte Ltd.:

Newgen Software is a global provider of business process management, enterprise content management, and customer communication management applications and large, mission-critical solutions deployed at the world’s leading banks, governmental organizations, BPOs and IT companies, insurance firms, and healthcare organizations.

To learn more about how Newgen is connecting enterprises and transforming experiences, visit:

http://www.newgensoft.com/

Connect Details:

Media Contact:
Asif Khan
asif.khan@newgensoft.com

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