Tag Archives: CPR

PR Newswire

ClimaFi is fighting greenwashing with the first platform for trading UK woodland and peatland carbon credits built on the Concordium blockchain

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ZUG, Switzerland and LONDON, Feb. 10, 2023 /PRNewswire/ — UK-based climate technology company ClimaFi announces the first trading platform to offer carbon credits from verified UK peatlands and woodlands. CLMT Exchange, a regenerative project built entirely on the Concordium decentralized blockchain, will allow enterprises and organizations to offset their emissions using domestic credits. 

Companies are facing several challenges in the fight against climate change. This includes increasing pressure to publicly disclose their greenhouse gas emissions, as well as recent legislative proposals to pose “dissuasive” penalties on companies making unsubstantiated environmental claims.

As concerns about climate change grow, many companies are taking steps to reduce their carbon footprint. However, not all claims about reducing emissions are genuine, leading to the phenomenon known as greenwashing. One solution to this problem is the use of blockchain for the issuance of verified certificates on emission reductions from peatlands and woodlands.

Peatlands and woodlands are storing at least 550 gigatons of carbon globally, more than twice the carbon stored in all the world’s forests: peatlands cover just 3% of the Earth’s surface but account for the largest terrestrial carbon stock in the world. 

In the UK, peatlands account for almost 10% of total national land, but up to 80% of them are currently in a state of degradation. As they deteriorate, they release 20 million tonnes of CO₂ into the atmosphere every single year, accounting for 4% of the UK’s total annual greenhouse gas emissions. The UK market has around three million hectares of peatland from which to produce carbon credits, thus successfully restoring them (an opportunity worth £2.8 billion a year) could play a vital role in the fight against climate change.

CLMT Exchange offers an opportunity to fuel this transformation by focusing on high-quality carbon credits with the backing of existing government-approved standards agencies such as the Peatland Carbon Code, a voluntary certification standard for UK peatland projects, and the Woodland Carbon Code, a UK quality assurance standard for woodland creation.

A Grantham Research Institute report shows that UK corporations often offset their emissions by buying foreign carbon credits due to a lack of high-quality domestic projects, but by buying carbon credits through CLMT Exchange, companies and investors will be able to secure high-integrity credits and help drive the regeneration of degraded UK peatland. 

CLMT Exchange’s carbon credits help companies offset emissions while facilitating national efforts to meet Article 6 commitments under the terms of the Paris Agreement. Additionally, CLMT Exchange offers the unique opportunity to trade carbon credit pending issuance units on a secondary market, thus providing liquidity and support from investors and traders entering this rapidly growing asset class. 

As the very first marketplace for trading peatland credits, CLMT Exchange will be a unique blockchain-based venue for companies to buy –and most importantly, trust– regional credits, while also increasing demand for high-quality Peatland Carbon Credits alongside national programs. Finally, the program will reinforce the importance of ClimaFi’s forthcoming “Peatland Protocol”, a new, science-based digital methodology (“dMRV”) for accurate and transparent measurement and monitoring of all projects.

As the only layer-1 blockchain with a built-in self-sovereign ID framework, Concordium blockchain plays a vital role in ensuring all the above can be done properly, safely, efficiently and for the betterment of society. The partnership is set to begin immediately, with carbon credits being made available for trading on CLMT Exchange in Q2, 2023. 

Lone Fønss Schrøder, CEO, of Concordium, says: “On the CLMT Exchange, enterprises can offset and regenerate land in close proximity to where they emit by blockchain-based, trusted, verified credits. This creates a tamper-proof record of carbon credits that can be easily audited and verified, and it provides a reliable and trustworthy way to demonstrate a company’s commitment to reducing carbon emissions and combating climate change, reducing the risk of greenwashing and promoting responsible business practices.”

Tim de Rosen, ClimaFi’s CEO and Co-founder says: “We are delighted to be building CLMT Exchange on Concordium. A highly attractive feature of the Concordium blockchain is its regulatory-ready, built-in ID layer.”

Media Contact
Marketing team
marketing@concordium.com

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CGTN: Reflecting on China’s Three-year COVID Battle in Through the Storm

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BEIJING, Feb. 10, 2023 /PRNewswire/ — Since early 2020, China has been following a unique path in combatting COVID-19. Through the Storm condenses this three-year battle into a 60-minute documentary.

This CGTN presentation has its global premiere on February 10. Through the Storm features first-hand accounts of the initial outbreak in Wuhan, the mass vaccination campaign, the Shanghai lockdown and, finally, the reopening and recovery.

Through the Storm answers three essential questions: What was China’s reasoning behind choosing its unique approach to fighting COVID? What actions did China take in the three-year period between its victory in Wuhan and its re-opening? And can China achieve a solid recovery in 2023?

Through the eyes of frontline intensive care specialists, village doctors, community workers, volunteers and decision makers, the documentary reveals the answers.

Reflecting on China’s Three-year COVID Battle in Through the Storm
Reflecting on China’s Three-year COVID Battle in Through the Storm

THE WINDOWS OF OPPORTUNITIES

What China faced in early 2020 was the original strain of the novel coronavirus, which was far more virulent and deadly than the current Omicron strain. At the time, there were just 63,000 ICU beds for a population of 1.4 billion. Even China’s finest medical minds seemed helpless in the face of this unknown enemy.

The dire situation faced by Wuhan could have been repeated all across the country. But thanks to China’s rigorous COVID policies, a national disaster was averted.

Nearly 120,000 ICU beds have been added since the start of the outbreak. As a result, China now has more ICU beds per 100,000 people than developed countries such as Britain, Japan, Spain and France. Also, the country’s medical staff have accumulated experience and skill in dealing with the Omicron strain, adopting a series of updated treatment protocols and diagnostic techniques. In the course of two years, China vaccinated over 91% of its population, with special emphasis on the elderly.

THE BARRIERS

In the three years that followed the initial outbreak, much has changed. From stringent community lockdowns, mass PCR testing and the setting up of makeshift hospitals, the experience gained and measures adopted in Wuhan were embraced and perfected.

Since January 10, 2020, there have been a total of 250 days when no new COVID cases were reported. Zhong Nanshan, China’s leading expert on respiratory diseases, estimates that over 20 million lives have been saved, as a result of China’s stringent anti-COVID policies.

The Chinese people were always confident that they could defeat the virus.

Following the Alpha, Delta and Gamma variants came the Omicron strain, which infects the human body 70 times faster, but with symptoms that are far less severe.

The evolving variants brought greater challenges. In response, China regularly adjusted its prevention and control measures, until eventually the decision was taken to make a major shift in its COVID policies at the end of 2022.

BACK ON COURSE

Throughout the pandemic, China remained a major contributor to global economic growth. Over the past five years, in spite of the global instability, the pandemic and a domestic slowdown, China has still managed to achieve average annual GDP growth of 5%.

A major beneficiary of the easing of the anti-COVID measures has been the movie industry. Box-office receipts during the seven-day Spring Festival holiday were the second-highest ever on record, at one billion US dollars. During the same period, over 300 million passenger journeys were recorded on the country’s transport network, generating revenue of 56 billion US dollars for the tourism industry, a 30% year-on-year increase.

The IMF raised the estimate for China’s 2023 GDP growth from 4.4% to 5.2%. Morgan Stanley is even more optimistic, improving its growth outlook to 5.7% in a research note released in January, 0.3 percentage point higher than its previous estimate.

Although the world is now gradually recovering from the pandemic, the novel coronavirus is still present. To secure a more certain future for humankind, greater, more effective and broader global cooperation is essential.

PR Newswire

Changsha symphony brings cultural landmark to stage

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BEIJING, Feb. 10, 2023 /PRNewswire/ — A news report by China.org.cn on the 2023 Changsha New Year concert:

Have you ever imagined what it’s like to bring to the stage a cultural landmark with 1,000 years of history at a live New Year’s concert?

This was exactly what the Changsha Concert Hall recently presented to its audience through a full symphony orchestra. The stage was set up with Yuelu Academy on screen display in the background, surrounded by replicas of lush trees and traditional buildings of Hunan province.

Yuelu Academy is one of the world’s oldest academic institutions. As the cradle of the local Huxiang culture and traditions, the academy champions the idea of staying realistic and pragmatic, which had exerted a profound influence on China’s modern history. Mao Zedong lived and studied there in his youth, and he often reflected on the idea of “seeking truth from facts,” or “Shi Shi Qiu Shi” in Chinese. The four Chinese characters were inscribed on a plaque hung in front of the academy’s lecture hall. Mao later established the principle of “Shi Shi Qiu Shi” that inspired the Communist Party of China over the past century. During his visit there in 2020, General Secretary Xi Jinping hailed the academy as the birthplace of the principle of seeking truth from facts, a fine tradition of the Party.

Based on this, the symphony presents the cultural legacy of Yuelu Academy, the Party’s century-long history, as well as China’s development through its five chapters.

With a beautiful melody, Yuelu Academy opens its door to the audience. Videos played on a screen at the back of the stage accompany the symphony and its unique local sound. As they enjoy the performance, audiences could also learn about origins of the culture and history of Yuelu Academy and get a glimpse of the Party’s glorious journey.

The music innovatively infuses a classic Chinese folk song with “The Internationale” to present the Party’s arduous pursuit over the past century. Tunes like the Chinese national anthem are used to represent China’s accomplishments under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era over the past decade. In the final chapter, the inspiring music heralds China’s great journey toward national rejuvenation, presenting China’s stories to audiences from around the world.

The concert is truly an acoustic and visual feast. And it is a star-studded one featuring the China Philharmonic Orchestra. It is no doubt a standout musical work from Changsha, recognized by the UNESCO as a city of media arts. The concert is a worthy effort to use symphony to recount the millennium-old academy’s history and present China’s path of development and the Chinese spirit. Through this creative expression, the audience can understand how the Party carries forward the glorious tradition of seeking truth from facts.

The orchestra will embark on a global tour, enabling the musical piece imbued with a distinctive Chinese style to resonate with international audiences. Via the process, China’s stories will be better known globally.

China Mosaic
http://chinamosaic.china.com.cn/index.htm
Changsha symphony brings cultural landmark to stage
http://www.china.org.cn/video/2023-02/10/content_85100309.htm

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Gridex Protocol: Integrating First Fully On-chain Order Book For a New Generation of DEX

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LONDON, Feb. 10, 2023 /PRNewswire/ — Gridex Protocol, a cutting-edge decentralized protocol built on the Ethereum mainnet, is pushing the boundaries of what is possible in the DeFi space. Its advanced technology and innovative features are setting a new standard for decentralized trading and driving the decentralization of the financial industry forward.

The Cutting-Edge Features of Gridex protocol

Gridex Protocol supports the trading of ERC20 tokens using its self-developed, revolutionary Grid Order Maker Book (GMOB) model to deliver safe and effective trading with instantaneous speed. Anyone can expand upon the protocol with no extra permissions or smart contracts needed. Based on this model, the Grid Price Linear Movement (GPLM) algorithm handles transaction execution and settlement. The GPLM is designed to reduce the gas consumption running on Ethereum by achieving the same level of resource consumption as the Constant Function Market Maker (CFMM) algorithm.


The self-developed, revolutionary Grid Maker Order Book (GMOB) model and Grid Price Linear Movement (GPLM) algorithm

Gridex Protocol locates the most suitable price for users’ trades from all DEXs on Ethereum, including Uniswap and Sushiswap. Its self-developed GMOB model implements an algorithm that determines the most suitable path and trading amount in less than a second.

Gridex Protocol provides exclusive features like its Maker Orders protocol, allowing traders to place orders of any size and price without fear of slippage or MEV. It enables access to liquidity from other DEXs as well as liquidity pooled from users, granting users a smoother trading experience. Besides, it intends to roll out its protocol on more public chain such as Arbitrum, Optimism, Polygon and BNB Chain for faster, more affordable transactions.

At its core, Gridex Protocol offers an excellent user experience, driving decentralization and transparency throughout the DeFi market. This will make the exchange a key player in DeFi  and cause waves in the space, bringing immense value to the industry and their users in the near future.

Gridex Airdrop

Gridex will launch an airdrop event on February 13th. For more details about the event, please visit our official website and twitter

To stay informed on the latest developments and campaigns for the Gridex project, we recommend visiting our official website and following our social media channels. 

Website: https://gridex.org/   
Whitepaper: https://gridex.org/gridex-whitepaper.pdf   
Twitter: https://twitter.com/gridexprotocol   
Medium: https://blog.gridex.org/

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Wix Launches SEO Dashboard, with Integrated Reports from Google Search Console, For Users to Manage Their SEO from One Place

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The SEO Dashboard provides Wix users with SEO tools, insights and reports from Google Search Console, further democratising access to valuable SEO data

SYDNEY, Feb. 10, 2023 /PRNewswire/ — Wix.com Ltd. (NASDAQ: WIX), a leading global SaaS platform to create, manage and grow an online presence, today announced the launch of the SEO Dashboard, a unified place for everything SEO related. This includes SEO tools, educational materials tailored to different skill levels, and a new integration with Google Search Console, which provides valuable information on site performance on search results.

The SEO Dashboard provides Wix users with SEO tools, insights and reports from Google Search Console, further democratisingaccess to valuable SEO data
The SEO Dashboard provides Wix users with SEO tools, insights and reports from Google Search Console, further democratisingaccess to valuable SEO data

The SEO Dashboard provides a suite of advanced tools to help implement changes, with access to content from the Wix Education Hub curated based on site activity and the users’ proficiency. By bringing together the tools users need to manage their SEO, valuable insights and reports from Google, and tailored educational materials, users of all skill levels have the resources to execute their SEO strategy, to streamline their workflow. 

From within the SEO Dashboard, users have access to a snapshot of their Google Search Console data. Users can view site impressions and clicks, and compare them to previous periods. They can access insights on changes in terms of queries and impressions, and they can filter the data based on impressions and clicks to understand which of their pages are increasing in traffic, and which can be better optimised. For a more in-depth look, users can click on the ‘see full report’ link to get to an in-depth report in Wix Analytics.

The full reports include:

  • Top Search Queries on Google: Users can analyse search query data to identify their sites’ performance for different Google searches and track the queries that generated impressions in Google’s organic search results.
  • Top Pages in Google Search Results: Users can easily track the top-performing pages for their site and the queries that generated impressions in Google’s organic search results. These insights on individual pages provide users with a deeper understanding of where impressions and clicks are coming from and which keywords are driving that traffic.

“We’re dedicated to providing our users and SEO professionals with the tools they need for seamless workflows in order for them to achieve their business goals, build brand awareness and drive traffic to their site,” said Einat Hoobian-Seybold, SEO Product Lead at Wix. “The SEO Dashboard, with the extended integration with Google Search Console, aligns with our mission to help users at any skill level understand how their site is performing, and help inform them on what needs their attention. We look forward to developing more features, adding additional reports and actionable insights to help our users in their optimisation process.”

“We’re excited to bring important stats and functionality about the value of Google Search directly to Wix’s Dashboard,” said Mariya Moeva, Senior Product Manager, Search. “This integration will help Wix site owners understand how people are finding them on Search and optimise how their website contributes to their business goals. We look forward to bringing even more useful insights to where business owners and content creators already are — their own site.”

The SEO Dashboard is available to all Wix users in English and will be gradually opened to more languages. To learn more, click here.

About Wix.com Ltd.
Wix is a leading platform to create, manage and grow a digital presence. What began as a website builder in 2006 is now a complete platform providing users with enterprise-grade performance, security and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, Wix enables users to have full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, anyone can build a powerful digital presence to fulfill their dreams on Wix.

For more about Wix, please visit our Press Room.
Media Relations Contact:  PR@wix.com

Photo – https://techent.tv/wp-content/uploads/2023/02/wix-launches-seo-dashboard-with-integrated-reports-from-google-search-console-for-users-to-manage-their-seo-from-one-place.jpg

Source: Wix.com Ltd.

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WeTrade Group plans to access Baidu ChatGPT-Style product “ERNIE Bot” to improve the efficiency of community precision marketing

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BEIJING, Feb. 9, 2023 /PRNewswire/ — WeTrade Group Inc. (“WeTrade” or the “Company”) (NASDAQ: WETG), a global diversified “software as a service” (“SaaS”) technology service provider committed to providing technical support and digital transformation tools for enterprises across multiple industries, today announced that the company plans to access Baidu ChatGPT-stlye product “ERNIE Bot” in the form of API, continue to improve the function of YCloud , and improve the efficiency of community marketing precision marketing. As the service provider of Baidu ,WeTrade Group completed the application of “Daren Xiaodian” mini program in Baidu App on October 2022.

On February 7, Baidu officially confirmed to launch the “ERNIE Bot”, a ChatGPT-style project, which will release for public access after its internal test in March. At present, the pace of development of “ERNIE Bot” increases for the final opening.

So far, the overall layout of “model layer + tool and platform layer + product and community layer” has been formed for the Wenxin Big Model. At the end of November 2022, it released eleven big models and two products based on the Wenxin Big Models, namely, the text to image creative tool “Wenxin Yige” and industry-level search system “Wenxin Baizhong”.

The ChatGPT-stlye industry-level search system can further improve the YCloud AI function of WeTrade Group. In the “product and community level”, it can quickly capture users’ purchase preferences through community user portraits, realize automatic product selection, active product distribution, real-time interactive feedback of users, and realize the full scene landing of precision marketing and promotion.

About WeTrade Group Inc.

WeTrade Group Inc. is a global diversified “software as a service” (“SaaS”) technology service provider which is committed to providing technical support and digital transformation tools for enterprises across different industries. The four business segments of WeTrade Group are YCloud, WTPay ,Y-Health and YG.

YCloud is a micro-business cloud intelligent system launched by WeTrade, serving global micro-business industry. YCloud strengthens users’ marketing relationship and CPS commission profit management through leading technology and big data analysis. It also helps increase the payment scenarios to increase customers’ revenue by multi-channel data statistics, AI fission and management as well as improved supply chain system.

Independently developed by the Company, WTPay supports multiple methods of online payment and eight mainstream digital wallets in over 100 countries to help customers quickly realize global collection and payment business.

Y-Health is the sector focusing on public health business, which engages in developing global business for biological health and medical enterprises. Currently, Y-Health mainly focuses on detection and prevention of epidemic, daily healthcare, traditional Chinese medicines, and others.

YG is the new energy business segment which mainly provides tools and technical support for the digital new energy industry in the Middle East and Central Asia.

For more information, please visit https://ir.wetg.group.

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company’s encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

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TECNO’s Trailblazing PHANTOM X2 Pro 5G Wins Gold at the International Design Awards 2022

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The recently showcased flagship product of TECNO PHANTOM X2 Pro 5G, astonished at the International Design Awards 2022, winning a Gold and a Bronze for its sustainable design.

LONDON, Feb. 9, 2023 /PRNewswire/ — TECNO, an innovative technology brand with operations in over 70 markets globally, continues to rack up more accolades as the 16th annual International Design Awards (IDA for short) recently unveiled its full list of winners, where among those celebrated is the impeccable design team behind TECNO’s newest flagship product under its premium sub-brand, the PHANTOM X2 Pro 5G Eco-Friendly Edition, winning the Gold Award in Media And Home Electronics-Phone and Other Communications Technology, and the Bronze Award in Design for Society-Eco-Sustainable-Design.

Founded in 2007, the IDA was created to appreciate, celebrate and promote the work of visionaries in the field of design. As one of the most prestigious and authoritative design awards in the world, this award means that TECNO PHANTOM X2 Pro Eco-friendly edition has been recognized by international professional judges and the industry in terms of sustainability, technological and innovative design concept. It is the world’s first smartphone to feature a retractable portrait lens comparable to a professional camera to create “studio-like” portrait photography. With a 65mm focal length, 2.5x optical zoom retractable portrait lens, the PHANTOM X2 Pro 5G revolutionizes image-making in the smartphone industry. The trailblazing smartphone also packs a powerful flagship MediaTek Dimensity 9000 5G chip, which delivering both outstanding performance and advanced power efficiency.

On top of its exceptional processing power, the PHANTOM X2 Series also have a unibody curved-screen design that softens the phone’s appearance and feel, while its 3.5D lunar crater back cover reduces the impact of the camera module, eliminating sharp corners and giving it a beautiful slimmer look. 

Aimed to celebrate sustainable and smart designs from a variety of disciplines, the IDA serves as an important spotlight for not just the winning designers, but also the environmental impact their products have on the world. Committed to the cause, the PHANTOM X2 Pro 5G Eco-Friendly Edition was built with sustainability in mind, featuring an ultra-thin eco-friendly back cover that’s constructed using recycled materials recovered from oceans. In total, each back cover contains 14.4% recycled material which can reduce carbon emissions by approximately 38%, with each individual cover producing an estimated 2.4g fewer emissions on average.  This significant reduction in carbon emissions have just been why it won the IDA Award in Sustainable Design at first attempt. However, the work isn’t done yet. The PHANTOM X2 design team hopes to encourage consumers worldwide to continue embracing sustainable lifestyles.

TECNO has always been committed to bringing outstanding products with both technology and design to consumers through innovation that constantly breaks boundaries. From winning the Sustainable Product Design award at the Loop Design Awards in September 2022, to now winning gold at the IDA, TECNO has more certainly proven itself to be an impeccable force in the premium smartphone market. With “Stop At Nothing” brand essence, TECNO will continue to design the best contemporary technologies for global users, giving them stylishly designed intelligent products that inspire them to never stop perusing their best selves and best futures.

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Lichen China Limited Announces Closing of US$16 Million Initial Public Offering

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JINJIANG, China, Feb. 9, 2023 /PRNewswire/ — Lichen China Limited (the “Company” or “Lichen China”), a dedicated financial and taxation service provider in China, today announced the pricing of its initial public offering (the “Offering”) of 4,000,000 Class A ordinary shares at a public offering price of US$4.00 per Class A ordinary share. The Class A ordinary shares began trading on the Nasdaq Capital Market on February 6, 2023 under the ticker symbol “LICN.”

The Company received aggregate gross proceeds of US$16 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 600,000 Class A ordinary shares at the public offering price, less underwriting discounts.

Proceeds from the Offering will be used to expand the Company’s financial and taxation solution services, strengthen research and development (“R&D”) capabilities and expand self-developed software, improve brand recognition through multi-channel marketing, and working capital and general corporate matters.

The Offering was conducted on a firm commitment basis. Univest Securities, LLC was acting as the sole underwriter and book-running manager for the Offering. Ortoli Rosenstadt LLP was acting as U.S. counsel to the Company, and Hunter Fischer Taubman & Li LLC was acting as U.S. counsel to Univest Securities, LLC in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (“SEC”) (File Number: 333- 264624) and was declared effective by the SEC on February 3, 2023. The Offering was being made only by means of a prospectus, forming a part of the registration statement. Copies of the prospectus relating to the Offering may be obtained from Univest Securities, LLC, by email at info@univest.us, or by standard mail to Univest Securities, LLC, 75 Rockefeller Plaza Suite 18C, New York, NY 10019. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Lichen China Limited 

Lichen China Limited focuses on providing financial and taxation solution services, education support services, and software and maintenance services under its “Lichen” brand. In recognition of the Company’s expertise and experience in the financial and taxation solution services industry for over 18 years, the Company has built up its reputation as a dedicated financial and taxation solution services provider of professional and high-quality services in China. For more information, please visit the Company’s website: https://ir.lichenzx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s use of proceeds from the Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For investor and media inquiries, please contact:

Ascent Investors Relations LLC
Tina Xiao
Phone: +1 917-609-0333
Email: tina.xiao@ascent-ir.com 

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Tencent Music Entertainment Group Introduces TME UNI Chart on Billboard to Promote Chinese Music in Global Markets

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SHENZHEN, China, Feb. 8, 2023 /PRNewswire/ — Tencent Music Entertainment Group (“TME,” or the “Company”) (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced the integration of TME UNI Chart on Billboard’s official global website, introducing the most popular Chinese music to a worldwide audience while bringing broader international opportunities to Chinese musicians and high-quality works.

As a global music media brand, Billboard has built a strong reputation among artists, fans, and the industry at large over the past century. Billboard powers the ultimate global music destination and magazine, featuring unrivaled reporting on music news, issues, trends, while providing the industry’s definitive charts, including the most complete and well-respected database of charts across all music genres.

Entering 2023, TME has expanded TME UNI Chart’s data resources, building the most comprehensive and credible dataset through multi-dimensional statistical algorithms. Besides the existing seven platforms, including TME’s QQ Music, Kugou Music, Kuwo Music, and WeSing, the chart now also incorporates the data from JOOX, a music streaming service for Hong Kong and South East Asia, and Weixin Video Accounts, a short video platform within China’s most popular app, WeChat. In addition, it provides data relating to radio stations. TME UNI Chart now covers the most data resources in the Chinese music market.

Launched in 2018, the TME UNI Chart is designed to leverage data technologies to present the authentic popularity of music in China. Through years of upgrades to its dataset and algorithms, and optimization of multi-dimensional evaluation standards, the chart has become an indicator of popularity of new Chinese music releases.  

The TME UNI chart contains data collected from hundreds of millions of music streams, and the TME Wave Chart is a list based on the professional perspectives of over a hundred musicians. Together, the two charts have built a ranking ecosystem for TME, presenting the Chinese music scene with a comprehensive, authentic, impartial and objective view to provide valuable references to music lovers, musicians and the industry.

Through this partnership with Billboard, TME UNI Chart will not only promote the exchange of data between global authoritative music charts but also help Chinese artists receive more attention from overseas audiences, resulting in the promotion of high-quality Chinese music throughout the world. 

TME has long been striving for the construction of global cultural communication channels and platforms for Chinese original music. In 2022, partnering with Billboard, TME announced the “Chinese Music Gravity Project”, a first-of-its-kind initiative dedicated to championing Chinese music across the globe. The two parties have since implemented a number of initiatives to promote Chinese original music on the global stage. TME will continue the deep strategic cooperation with Billboard to bring selected music content to music lovers and to promote the presence of Chinese original music globally.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country’s highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME’s mission is to use technology to elevate the role of music in people’s lives by enabling them to create, enjoy, share and interact with music. TME’s platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.

Media Contact

TME.PR@icrinc.com
+1 (646) 992-2986

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LG LAUNCHES THE ENERGY EFFICIENT MULTI V i WITH CUTTING-EDGE AI ENGINE

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Equipped with Advanced AI Software, Company’s New, High-efficiency VRF Solution Delivers a Smarter, More Comfortable Indoor Environment

SEOUL, South Korea, Feb. 8, 2023 /PRNewswire/ — LG Electronics (LG) has announced the launch of the new Multi V™ i, a Variable Refrigerant Flow (VRF) solution equipped with the company’s highly evolved AI engine, in key global markets starting from Europe. Suitable for mid- to high-rise buildings, such as offices, schools, shopping malls, apartment buildings and hotels, the energy efficient Multi V i comes with a range of differentiated, smart features that help reduce energy consumption and deliver a more comfortable indoor environment – and a quieter outdoor environment – all-year-round.

LG Multi V™ i with 26HP as a single frame, VRF cooling and heating solution
LG Multi V™ i with 26HP as a single frame, VRF cooling and heating solution

AI Smart Care

The Multi V i’s sophisticated AI engine enables AI Smart Care, which leverages spatial and situational learning to optimize operation; adjusting cooling or heating power according to several variables, including the number of people in the room, humidity levels, and indoor and outside ambient temperature. This enables the product to improve energy savings by up to 24.7 percent.1 Meanwhile, AI Indoor Space Care helps maintain a steady temperature and reduce energy consumption by automatically turning on indoor units in occupied areas, and turning them off in unoccupied areas.

LG LAUNCHES THE ENERGY EFFICIENT MULTI V i WITH CUTTING-EDGE AI ENGINE
LG LAUNCHES THE ENERGY EFFICIENT MULTI V i WITH CUTTING-EDGE AI ENGINE

AI Energy Management

Another efficiency-focused feature, AI Energy Management allows users to set energy consumption targets, which can help to lower the overall power usage of the Multi V i.

LG LAUNCHES THE ENERGY EFFICIENT MULTI V i WITH CUTTING-EDGE AI ENGINE
LG LAUNCHES THE ENERGY EFFICIENT MULTI V i WITH CUTTING-EDGE AI ENGINE

Noise Target Control

The Multi V i also helps to enhance the comfort of those living in neighboring buildings or houses. Users can set an operational noise limit (from 50 to 70 decibels2) in advance to ensure that the sound produced by the outdoor unit does not exceed the level of volume they’ve specified.

LG LAUNCHES THE ENERGY EFFICIENT MULTI V i WITH CUTTING-EDGE AI ENGINE
LG LAUNCHES THE ENERGY EFFICIENT MULTI V i WITH CUTTING-EDGE AI ENGINE

Weather Information Interlocking Control

Providing smart performance and convenience, the Weather Information Interlocking Control feature of LG’s VRF solution automatically selects custom operation modes – including Automatic Pre-heating and Automatic Snow Removal – based on the weather conditions.3 Automatic Pre-heating allows users to enjoy a warm indoor environment, even on the coldest days of the year, by automatically heating the room in advance, while Automatic Snow Removal prevents snow from accumulating and freezing on the outdoor unit.

LG Multi V™ i with 26HP as a single frame, VRF cooling and heating solution
LG Multi V™ i with 26HP as a single frame, VRF cooling and heating solution

Powerful Performance

Boasting powerful, dependable performance even in extreme weather conditions, the Multi V i has surpassed its predecessor, the Multi V 5, to become the most energy efficient LG VRF solution yet. 4 The unit’s newly designed biomimetic fan and an enhanced air-flow path combine to reduce fan-motor power consumption,5 resulting in improved energy savings. LG’s outstanding, new model can provide fresh, comfortable indoor air in any season, working at full cooling capacity in temperatures up to 43 degrees Celsius6, and full heating capacity in temperatures as low as negative 10 degrees Celsius.7

AI Smart Up

The Multi V i’s AI engine powers a variety of smart features, such as Auto Tuning and Remote Upgrade, which help to improve convenience and the overall user experience. The Auto Tuning system automatically tunes the compressor and motor during initial installation or when they need replacing, allowing for faster and easier setup and servicing. Meanwhile, with the Remote Upgrade system, LG’s VRF solution can be automatically updated to the latest software version without an on-site service visit. Furthermore, the Multi V i offers AI Smart Diagnosis, which provides automated system analysis and easy-to-read status reports to help reduce service times and boost reliability.

“Boasting our outstanding AI engine, the new Multi V i offers enhanced energy-savings, a more pleasant indoor environment and exceptional convenience,” said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. “LG will continue to deliver complete air solutions leveraging its cutting-edge AI and industry-leading HVAC technologies.

1 Tested internally following KS Test Standard (KS B ISO 15042:2006) using 24 horespower (HP) model Multi V i. Results may vary depending on the applied model, local temperature and actual environment.

2 Available setttings are 50, 55, 60, 65 and 70 decibels.

3 The Weather Information Locking Control can be used by connecting the AccuWeather app to the ThinQ server.
Results may vary depending on the applied model, local temperature and actual environment.

4 15 percent increase in energy efficiency compared to LG Multi V 5 (8HP) according to Energy Efficiency Rating (EER). Tested by Eurovent using testing models ARUM080LTE6 (Multi V i) and ARUM080LTE5 (Multi V 5). Results may vary depending on usage environment.

5 Power consumption of model RPUX202X9E (Multi V i) reduced by 12 percent compared to model RPUW20GX9E (Multi V 5).

6 The Multi V i can provide reliable cooling operation in temperatures (outdoor) ranging from negative 15 to 52 degrees Celsius (dry-bulb) and can operate at the full capacity in temperature as high as 43 degrees Celsius (dry-bulb). Based on LG Multi V i performance data in LG’s Product Data Book (PDB).

7 The Multi V i can provide reliable heating operaton in temperatures (outdoor) ranging from negative 30 to 18 degrees Celsius (wet-bulb) and can operate at the full capacity in temperature as low as negative 10 degress Celsius (wet-bulb). Based on LG Multi V i performance data in LG’s PDB. Results may vary depending on the applied model, local temperature and actual environment.

About LG Electronics Air Solution Business Unit

LG air conditioning provides optimized solutions for every sector and climate with a wide range of cutting-edge systems that bring exceptional heating, ventilation and air conditioning performance to buildings worldwide. Through our unmatched expertise and industry knowledge, we respond directly to the needs of businesses seeking digitalized and eco-conscious HVAC solutions. We are the partner your business has been looking for, and are well prepared to integrate our leading technology into your day-to-day operations, supporting you and your business every step of the way. For more information, please visit www.LG.com.

Source: LG Electronics, Inc.