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Golden Bull Limited Extended The 2019 Annual Report Date, Appointed Directors and Executive, Received New Second Bid Price Compliance Period

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BEIJING, April 25, 2020 /PRNewswire/ — Golden Bull Limited (the “Company”) (Nasdaq: DNJR) is filing this Report on Form 6-K pursuant to an order under Section 36 of the Securities Exchange Act of 1934 modifying exemptions from the reporting and proxy delivery requirements for public companies (SEC Release No.34-88465 / March 25, 2020). The outbreak of the COVID-19 pandemic in mainland China greatly affected our operations and the preparation for and the actual audit of our financial statements for the year ended December 31, 2019. Commencing with the outbreak in December, it was difficult for our employees to resume work at our corporate office in Shanghai. All of our employees were asked to work from home. Some of our employees began to return to work in our office in early March. The preparation of audit materials was significantly delayed. Our auditors were initially scheduled to perform an 11-day field work starting on March 2, 2020. However, due to the delay of preparing audit materials and travel restrictions in Beijing and Shanghai, field work was delayed and rescheduled. The Company estimates that it will be able to file its Annual Report on Form 20-F on or before June 14, 2020.

Risk Factors

We are subject to various risks due to the coronavirus which have materially and adversely affected our operations and our business and financial condition.

We believe that our results of operations, business and financial condition have been and will continue to be adversely affected by the outbreak of COVID-19 in China. While the World Health Organization declared the outbreak a “Public Health Emergency of International Concern” on January 30, 2020, our operations were adversely affected since the outbreak in China in December 2019. Substantially all of our operations, including all of our employees and customers are in China. All of our employees were asked to work at home and did not begin to return to work until early March 2020.

Our operations were adversely affected by the following risks, among others: travel restrictions on our employees, customers and vendors; shortage of automobiles to lease; assorted logistics delays; liquidity issues; business operations disruptions; and the general economic downturn in the economy as a result of quarantined persons.

While the Chinese economy is slowly recovering, the duration of any economic downturn resulting from COVID-19 is uncertain. The full extent to which COVID-19 will impact our financial results and business condition will depend on future developments which cannot be predicted.

Appointment of Officer and Directors

On April 19, 2020, the Board of Directors of the Company (the “Board”) appointed Mr. Hong Yu as an executive director and Chief Strategy Officer of the Company, effective immediately.

On April 19, 2020, the Board appointed Mr. Yan Xiong as an independent director of the Company, effective immediately.

From 1999 to 2001, Mr. Yu studied at Changzhou Technology and Normal College. In 2008, Mr. Yu founded Quyou Gaming which was one of the largest Web Gaming Platforms in China. For more than the last five years Mr. Yu has been involved in founding gaming and start-up companies. In 2013, Mr. Yu worked as Senior VP of 360 Group when Quyou Gaming was acquired by 360 Group, In 2015, Mr. Yu founded Beijing Qingyun Interactive Technology Limited. In 2018, Mr. Yu initiated KFUND a crypto fund focusing on investments opportunities in blockchain and innovation. At 3 am February 11, 2018, Mr. Yu initiated “3AM” community which is very influential in the Chinese blockchain community.

The Company and Mr. Hong Yu entered into an employment agreement (the “Yu Employment Agreement” on April 20, 2020, pursuant to which the Company agreed to pay Mr. Yu one hundred thousand dollars (US $100,000) annually for serving as the Chief Strategy Officer of the Company starting from the effective date of the Yu Employment Agreement. The Company shall also reimburse Mr. Yu for reasonable and approved expenses incurred by him in connection with the performance of his duties under the Yu Employment Agreement. The Yu Employment Agreement is for a two-year term, automatically renewable for one-year terms unless terminated by either party within three months of the end of the applicable term. The agreement is terminable for Cause (as defined) or without Cause or upon a Change of Control (as defined), provided certain severance payments are made. The Yu Employment Agreement provides for non-competition and non-solicitation periods of one-year from termination of employment for any reason.

The Company and Mr. Hong Yu also entered into a director agreement (the “Yu Director Agreement”) on April 20, 2020, pursuant to which the Company agreed to pay Mr. Yu one thousand dollars (US $1000) per quarter for serving on the Board for a one-year period ,subject to a one-year renewal, starting from the effective date of the Yu Director Agreement. The Company shall also reimburse Mr. Yu for reasonable and approved expenses incurred by him in connection with the performance of his duties under the Yu Director Agreement.

Mr. Yu has no family relationship with any of the executive officers or directors of the Company. There have been no transactions in the past two years to which the Company or any of its subsidiaries was or is to be a party, in which Mr. Yu had, or will have, a direct or indirect material interest.

On April 19, 2020, the Board of Directors of the Company (the “Board”) appointed Mr. Yan Xiong as an independent director, effective immediately.

From September 1983 to July 1987, Mr. Yan Xiong studied and graduated from Hunan University Business School with a bachelor’s degree in Industrial Accounting. From August 1987 to December 1996, Mr. Xiong worked at Import and Outport Company of Hunan Province. From 1997 to December 2000, Mr. Xiong worked as the General Manager at Zhuhai Dajiaweikang Wujin Mineral Import and Outport Company. From 2001 to October 2013, Mr. Xiong worked as chairman of the board of directors at Guangzhou Kangsheng Bio-tech Limited. From 2014 to present, Mr. Xiong works as chairman of the board of directors at Guangzhou Kangsheng Pharmaceutical Technology Limited

The Company and Mr. Yan Xiong entered into an director agreement (the ” Xiong Independent Director Agreement” on April 20, 2020, pursuant to which the Company agreed to pay Mr. Xiong one thousand dollars (US$ 1000) per quarter for serving on the Board for a one-year term , subject to a one-year renewal, starting from the effective date of the Xiong Independent Director Agreement. The Company shall also reimburse Mr. Xiong for reasonable and approved expenses incurred by him in connection with the performance of his duties under the Xiong Independent Director Agreement.

Nasdaq Tolling of Bid Price Compliance Period

The Company has been notified by Nasdaq that Nasdaq has extended until December 7, 2020 the second grace period for the Company to regain compliance with the minimum $1.00 per share bid price. As previously announced by the Company, it can regain compliance by effecting a reverse stock split , if necessary, to evidence compliance for a minimum of 10 consecutive trading days.

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TCL Communication Wins both the 2020 IF and Red Dot Design Awards

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HONG KONG, April 24, 2020 /PRNewswire/ — TCL Communication is proud to accept the recent recognition from both the 2020 IF Design Award and the 2020 Red Dot Design Award for the TCL Pro 10 Smartphone. The company also was awarded another 2020 Red Dot Design Award for the TCL AC1200 Wifi Router, and a 2020 IF Design Award for the TCL PLEX Smartphone.

TCL 10 Pro and TCL LINKHUB Wi-Fi Router AC1200
TCL 10 Pro and TCL LINKHUB Wi-Fi Router AC1200

These industry awards coincide with their global unveiling of the TCL 10-Series smartphone lineup this month. The awards are from two world-renowned international competitions with over 6,000 entries this year. The criteria are based on a comprehensive evaluation of design, innovativeness, and functionality. As of today, TCL accounts for 13% of the global market and is growing the brand value beyond Asia into North America, European Union, United Kingdom and APAC. TCL is using its reputation as a world-leading TV brand and manufacturer to support their branded smartphone product line. TCL is also excited in creating a vibrant and wide-ranging C-IOT Portfolio of products to support connected home ecosystems. So beyond smartphones, TCL is also offering products such as the 5G CPE Home Station, Mesh Routers, Wi-Fi Routers, and Smart Watches. All of these new products will carry the dependability and reliability that TCL is known for. TCL intends to enter the mid-range market and deliver the best product for the money while ensuring a premium experience for the user.

“As one of the world’s leading consumer electronic brands, expanding the TCL base into the mobile business ensures that we are the only Chinese end-to-end manufacturer that offers a fully integrated smart ecosystem encompassing all aspects of life,” said Kevin Wang, CEO of TCL Industrial Holdings. “This capacity for a single company to produce all the products related to the connected devices from phones to routers will allow for the consumer to have an entire system that is intentionally designed to work seamlessly along with being affordable. This is an exciting and worthwhile venture for both the brand and consumer.”

The strategy of TCL to support the C-IOT fully and offer consumers a complete seamless product line is an efficient endeavor and long overdue for the current state of digital ecosystems. When all the components can be supplied from the same manufacturer and engineering teams, the system will work better. This strategy is meant for both commercial and private usage and supports the networking of both for work and study from home, and leisure activities.

TCL 10 Pro: NXTVISION is the cutting edge offering the first curved AMOLED Display.

The award-winning TCL 10 Pro comes in Ember Gray and Forest Mist Green color options. Featuring a sleek, TCL-made 6.47-inch FHD+ curved AMOLED display, TCL 10 Pro uses a sophisticated curved design boasts perfectly symmetrical details, a matte finish on the back for a smooth in-hand feel and an anti-glare screen with a unified, sleek profile. Its curved design allows the screen to “fall” off the edge with minimal bezels to achieve a high screen-to-body ratio and includes Edge Bar shortcuts to quickly access apps one-handed. An array of quad-cameras lens is embedded in a stylish stripe on the rear of the phone, consisting of a 64MP high-res camera, 2.9μm big pixel low-light video cam, 123-degree super wide-angle camera and macro camera.

By leveraging NXTVISION technology to produce nearly accurate colors and enhanced image and video quality, the TCL 10 Pro joins a select group of smartphones on which Netflix is available in HDR10 unlocking a wide range of HDR content with increased contrast and enhanced colors at an affordable price point. The display has also passed TÜV Rheinland Low Blue Light Certification, which protects the user’s eye from harmful blue light without distorting colors.

TCL LINKHUB Wi-Fi Router AC1200 – The data center of your connected home

The award- winning TCL LINKHUB Wi-Fi Router AC1200 is capable of covering up to 120 square meters and supporting up to 64 devices. Powered by the same MU-MIMO and Beamforming technology, it can communicate with multiple wireless devices simultaneously while ensuring a fast and stable connection for each device.

Moreover, the LINKHUB Wi-Fi Router AC1200 brings incredible and robust Wi-Fi coverage to users’ homes. It comes with 6dBi high-gain antennas that greatly expand the wireless coverage to every corner of large homes or offices. Additionally, the AC1200 dual-band Gigabit Ethernet speeds allow users to enjoy ultra-fast and reliable multiple HD video streaming and lag-free, multi-player gaming with a speed of up to 1200Mbps. There are also four Gigabit Ethernet ports, which allow users to connect wired devices directly for internet access. Simple multiple configuration is available for users to set up and control devices, including Web UI, Dedicated APP and All-in-One APP.

ABOUT TCL

TCL is one of the world’s fastest-growing consumer electronics companies, and a global leading television and mobile device brand. Incorporated in Hong Kong, China. TCL operates its own manufacturing and R&D centers worldwide with products sold in more than 160 countries throughout North America, Latin America, Europe, the Middle East, Africa and Asia Pacific. TCL specializes in the research, development and manufacturing of consumer electronics ranging from TVs (TCL Electronics: 1070.HK), mobile phones, audio devices and smart home products.

TCL is a registered trademark of TCL Technology Group Corporation (000100.SZ). All other trademarks are the property of their respective owners. For more information, please visit http://www.tcl.com/global/en.html.

PRESS CONTACT
yijing.zhao@yyoungpr.com

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Pintec Selected as 2020 Asia Pacific “FinTech Fast 101” by IDC

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BEIJING, April 24, 2020 /PRNewswire/ — Pintec is included in the 2020 update of its FinTech Fast 101 research, released by IDC Financial Insights (IDC) in March 2020, which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. The research refers to fast-growing fintech players from China, India, Indonesia, Singapore, Hong Kong, Thailand, Malaysia, the Philippines, Vietnam, South Korea, and Australia. The list outlines 41 the fastest growth fintech players in China market.

IDC applied its Triple U framework – ubiquity, utility, and usability – to determine this year’s FinTech 101 list. The framework evaluates fintech data across the key metrics including addressable market, customer adoption, investments, alliances and partnerships, innovation, chance of survival, and marketing. In this year’s FinTech 101 research, IDC defined fintech as new models for financial services offered through “nontraditional” vendors. It refers to the companies themselves as well as their products mostly focusing on start-ups delivering services built around the new models and technologies.

As a leading fintech solutions provider, Pintec is committed to providing intelligent technical solutions to business and financial partners, enabling them to provide financial services to end users efficiently and effectively. In recent years, Pintec’s state-of-the-art technical service solutions have served lots of financial and business institutions. Key partners include ICBC, aiBank, East West Bank, China Telecom, China Unicom, Ctrip, Qunar etc.  

In April 2020, Pintec established partnership with international technology giants Automation Anywhere and Blue Prism to help financial institutions drive digital transformation with Robotic Process Automation (RPA), an advanced tool to automate business processes. Going forward, Pintec will continue leverage its strong capabilities in technological innovation and rich experience in financial business to develop intelligent products to better serve the financial market worldwide.

About Pintec

Pintec is a leading fintech solutions provider. With its mission to “Power the Future of Finance”, Pintec aims to advance financial services by providing customized and modular fintech solutions to its financial and business partners, including point-of-sale financing solutions, personal installment loan solutions, business installment loan solutions, wealth management solutions and insurance solutions. The company operates a unique SaaS Plus service model. In addition to the industry-leading SaaS service platform, Pintec also offers a full suite of value-added solutions to its customers, including decision support, traffic enhancement, joint operations, and advisory services. Pintec has cooperated with a number of business and financial partners, including but not limited to Xiaomi, Qunar, Ctrip, China Telecom BestPay, Vip.com, Minsheng Securities, Orient Securities, Yunnan Trust, Guoyuan Securities, Bank of Nanjing, East West Bank, China National Investment & Guaranty Corporation, Fullerton Financial Holdings. On October 25, 2018, Pintec was officially listed on the Nasdaq Global Market with American depositary shares trading under the symbol “PT”.

For more information, please visit www.Pintec.com

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Singapore’s First Multi-Currency Mobile Wallet YouTrip Sees 20% Growth in Consumer Spending On Global E-Commerce Platforms

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  • Popular overseas shopping sites have recorded month-on-month transaction volume growth, such as Taobao (111%), ASOS (60%), Alibaba (41%), Aliexpress (17%)
  • Local e-commerce sites like EZbuy (65%) and Lazada (11%) are hot favourites among Singaporeans
  • Food delivery services grew exponentially between February and March, with PizzaHut Delivery in the lead at 49%, Domino’s Pizza (43%), and Foodpanda (35%)
  • The biggest e-commerce spending growth came from the Gaming category, with Nintendo raking in 278% growth from February to March

SINGAPORE, April 24, 2020 /PRNewswire/ — YouTrip, Singapore’s first multi-currency mobile wallet with over 500,000 downloads, has noted a shift in user spending habits over the past months. In light of the COVID-19 pandemic, both foreign and domestic e-commerce spending has shown resilience in the Singapore market. The top 3 foreign currencies transacted in the month of February include USD, GBP and AUD.

Singapore’s First Multi-Currency Mobile Wallet YouTrip Sees 20% Growth in Consumer Spending On Global E-Commerce Platforms
Singapore’s First Multi-Currency Mobile Wallet YouTrip Sees 20% Growth in Consumer Spending On Global E-Commerce Platforms

When travel restrictions were heightened in February, YouTrip observed a 20% increase in e- commerce spending via YouTrip’s prepaid Mastercard, in both foreign and domestic categories. This follows the trend reported by a Nielsen study that states online purchases of FMCG have reached 8% in February this year, compared to 6% of total e-commerce spending in 2019.

Have Internet, Will Shop

With circuit breaker measures and travel restrictions in place, YouTrip is seeing a steady flow of foreign transactions take place online instead. The top 5 e-commerce spending categories are Gaming, Fashion, Home Decor, Health and Supplements and Electronics. Popular foreign e- commerce sites have experienced a boom in spending, with the top sites like Taobao seeing a 111% growth rate, with ASOS in second place with a 60% increase, Alibaba in third at 41%, and Aliexpress at 17%.

Caecilia Chu, Co-Founder and CEO of YouTrip, said: “What is equally important to us now is that we are here for our users and supporting them through times of uncertainty. We’ve most recently introduced a new COVID-19 refund policy to help them process any travel-related refunds back into their linked bank accounts, as our commitment towards putting users first remains steadfast.

YouTrip gives users access to competitive wholesale exchange rates where users can exchange over 150 foreign currencies in real-time, with no extra fees. These features mean users can pay in different currencies with a single card, simplifying the way they spend on global sites.

Although YouTrip is primarily a travel card, many users are using YouTrip’s prepaid Mastercard to make purchases within Singapore as well, primarily in the shopping, food and grocery categories. YouTrip saw an increase for local e-commerce sites EZbuy (65%), and Lazada (11%); food delivery from PizzaHut Delivery (49%), Domino’s Pizza (43%), Foodpanda (35%), McDonald’s (19%), and Deliveroo (13%). Online grocery companies have also seen strong growth as the demand for grocery deliveries spike during this period, NTUC online leads at 226%, PrimeNow (13%), EA Mart (8%).

Play At Home While You Stay At Home

Gaming was the category that showed the greatest growth among the categories. As consumers turn to games for entertainment, consoles like the Nintendo Switch has seen global supply shortages. YouTrip has seen the largest increase for purchases from Nintendo in foreign currency- since the AUD experienced a dip against SGD in mid-March. Nintendo purchases made via AUD increased 278%, with JPY at 76%, and purchases made in SGD at a 57% increase. PlayStation and Steam Games have also seen increases, at 60% and 50% respectively.

The implementation of remote work policies has resulted in users also craving more entertainment and communication. YouTrip saw an increase in transactions for entertainment subscription services with users preferring to go for Amazon Prime (26%), Netflix (14%), and Spotify (15%). The shift to telecommuting has also resulted in a huge increase in demand for paid video conferencing services such as Zoom (212%), and Skype (129%).

“YouTrip was created to help solve the cross border payment dilemma and during this period, we are dedicated to helping our users save on foreign currency transactions online, even if they aren’t physically travelling,” added Caecilia.

About YouTrip

YouTrip is a regional financial technology startup, dedicated to creating the best mobile financial services for travellers across Southeast Asia by simplifying overseas spending and creating a fuss-free travel experience. YouTrip first launched in Singapore in 2018 and subsequently in Thailand in 2019.

For more information, please visit you.co/sg

Photo – https://photos.prnasia.com/prnh/20200423/2784810-1?lang=0

PR Newswire

Huitao Technology’s Online Education Platform Enters Final Testing Phase

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NEW YORK, April 23, 2020 /PRNewswire/ — Huitao Technology Co., Ltd. (Nasdaq: HHT) (the “Company”, “we” or “HHT”), a company which is in the process of disposing its legacy ready-mix concrete materials business and transitioning into an innovative education service provider, announced today that its jointly developed online education platform with Color China has entered the final testing phase and is expected to launch in early May 2020.

Pursuant to the Cooperation Agreement signed on March 30, 2020, Huitao Technology and Color China will collaborate in producing and streaming celebrity-taught online lessons and celebrity generated content videos on this platform. The platform will also create a live-streaming and audio community and serve as an e-commerce channel for commercialized celebrity IP products.

Registered in Hong Kong, Color China is considered to be a significant live-entertainment organizer in Asia, hosting more than 100 live concerts every year and is home to massive media assets in music production, songwriting, musical instruments and performing arts. Color China aims to recruit an All-Star Crew to be coaches on the Color Star program, including top-notch professional vocalists, producers, musicians and more.

The rapid spread of COVID-19, and the subsequent stay-at-home orders that have been issued by large number of governments around the world to contain the pandemic, have helped fundamentally underscore the prominence and benefits of online education. Online programs will continue to play a large role in the education industry even after the coronavirus outbreak is contained.

Mr. Yang (Sean) Liu, Chief Executive Officer of HHT commented, “We are very excited to cooperate with Color China to bring forward a pioneering learning experience and curriculum to our students. This platform will provide students direct access to well-known celebrities and music artists.”

About Huitao Technology Co., Ltd.

Huitao Technology is a holding company which is currently undergoing a shift to a dedicated education services provider, offering both online and offline innovative education services. Its business operations are conducted through its wholly-owned subsidiaries CACM Group NY, Inc. (“CACM”), Sunway Kids International Education Group Ltd. (“Sunway Kids”), Xin Ao Construction Materials, Inc., Beijing Ao Hang Construction Materials Technology Co., Ltd., Brave Millennium Limited, Chengdu Hengshanghui Intelligent Technology Co., Ltd. and its variable interest entities, Beijing Xin Ao Concrete Group and Chengdu Hengshanghui Education Consulting Co., Ltd. Sunway Kids engages in the early childhood education service business, providing a well-structured system to day cares and preschools in China, including AI and robotic technologies, intellectual campus administration software as a service (SaaS) system and personalized education planning. Through Baytao LLC, a newly formed joint venture, the Company also anticipates providing tutoring programs in New York which includes online learning via a platform being built by CACM. For more information, please visit http://www.china-acm.com.

Safe Harbor / Forward-Looking Statements

Certain statements made herein are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include timing of the proposed transaction; the business plans, objectives, expectations and intentions of the parties once the transaction is complete, and HHT’s estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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Source: Huitao Technology Co., Ltd.

PR Newswire

Canadian Solar Infrastructure Fund to Be a Major Component in the Tokyo Stock Exchange’s New Infrastructure Funds Index

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GUELPH, Ontario, April 23, 2020 /PRNewswire/ — Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), announced today that Canadian Solar Infrastructure Fund, Inc. (“CSIF”) (TSE: 9284), listed on the Tokyo Stock Exchange (“TSE”), will be included in a new Infrastructure Funds Index to be launched by TSE on April 27, 2020. Canadian Solar Projects K.K. is the sole sponsor and Canadian Solar Asset Management is the asset manager of CSIF.

The Infrastructure Funds Index is an Environmental, Social and Governance (“ESG”) related finance product offered by the TSE. According to the TSE announcement, CSIF is expected to be a major component of the new TSE Infrastructure Funds Index, along with other sponsored funds from Marubeni and Itochu in Japan.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, “We are very happy to learn that Canadian Solar Infrastructure Fund (CSIF) will be included in the new Infrastructure Funds Index by the Tokyo Stock Exchange (TSE). This event trails 50 years of Earth Day celebrations and reflects the growing importance of Environmental, Social and Governance (ESG) initiatives globally. We are proud to be part of ESG focused investment ecosystem. We want to Make the Difference in Japan as we continue our solar development worldwide.”

Canadian Solar opened its first office in Tokyo in 2009 and has since expanded its operations to 9 offices in 5 prefectures. The Company has successfully delivered over 5.5 GW of premium quality modules to its residential, commercial and utility-scale customers, including its own utility-scale projects.

Canadian Solar started developing its own solar power plants in Japan in 2012, and has since developed, built and connected 297 MWp of solar projects, with an additional 63 MWp currently in construction and 218 MWp under development. Globally, Canadian Solar has built a strong track record developing and connecting over 5.6 GWp in solar PV plants.

In 2017, Canadian Solar launched the initial public offering of CSIF and listed its stock units on the TSE. CSIF was the first global IPO of a Japanese infrastructure fund. With approximately JPY 49 billion of assets under management as of the end of December 2019, CSIF is a leading infrastructure fund player on the TSE and ranks among the largest listed funds on the TSE Infrastructure Funds Index in terms of market capitalization and assets under management. The Japan Credit Rating Agency, Ltd. has assigned CSIF with a credit rating of A- with stable outlook in 2019, and the highest green rating (“Green1”) grade in 2017. Canadian Solar has a 14.7% partial ownership in CSIF and intends to play a key role in its growth strategy.

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 40 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 25, 2019. 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.

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Source: Canadian Solar Inc.

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Hong Kong stock trading feature added to TradeUP’s web platform

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NEW YORK, April 22, 2020 /PRNewswire/ — TradeUP, the fintech-powered commission-free trading platform, announced today that it is offering Hong Kong stock trading on its web platform. U.S. investors can now gain exposure to one of the world’s most dynamic economies not only on their phones, but from any browser.

TradeUP launched the Hong Kong stock trading feature three weeks ago on its mobile platform, which enables users to invest in U.S. and Hong Kong stocks from an integrated account with no hidden fees or minimum deposits. This feature was well-received by customers seeking to diversify their equity portfolios and manage market volatility for long-term growth, especially since U.S. stocks have been swinging wildly in response to the coronavirus pandemic.

Diversification may help to reduce volatility. Some may suggest that risks associated with investing only in domestic stocks may be very similar to foreign securities due to the growing integration of different capital markets. However, a large number of studies still argue – because economic conditions may vary among countries, thereby implying an imperfect correlation between stock markets of different countries – the benefits of international diversification remain evident.

Ryan Song, director of TradeUP, said, “TradeUP aims to offer investors a channel where they can easily extend to a wider investment horizon and take advantage of opportunities beyond geographical borders at a lower cost.”

TradeUP has been upgrading its web-based platform to help users make more intuitive and efficient trading decisions. That includes features such as the heatmap where users are able to clearly view the market data at-a-glance with a self-explanatory visual colormap. TradeUP’s heatmap displays symbols in color-coded blocks, where shades of red signify a downward stock price movement and shades of green show an increase in the stock price. The size of each block is relative to the company’s market cap. TradeUP provides heatmaps of different time cycles ranging from one day to one year.

“Heatmaps convert numerical data into easy-to-read graphs, allowing users to easily identify the performance of stocks according to their colors. Stocks are also organized by sectors, which gives users a snapshot of buying or selling sentiment of that particular market segment. This can then be utilized to help users determine the trend of the overall market,” said Song. “We aim to simplify the trading experience for our clients by providing them with smarter tools. We will continue to introduce more features to our platform to provide convenience and agility.”

Currently, TradeUP has several promotions. Clients who sign up and fund a TradeUP Live Account are eligible to receive cash equivalents of stocks worth up to $1250 in total. Moreover, clients with an initial qualifying deposit of $1000 or more can receive extra cash bonuses up to $400.

For more information about the promotion please visit: https://tradeup.marsco.com/activity/market/deposit-award/#/award

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Brokerage services in TradeUP are offered by Marsco Investment Corporation. Download TradeUP in the Apple App Store or Google Play for free. For more information, please visit TradeUP’s website: https://www.itradeup.com/

About Marsco Investment Corporation

Marsco Investment Corporation is a registered brokerage firm at SEC (CRD:18483; SEC: 8-36754), a member of FINRA/SIPC and a member of DTC/NSCC, regulated by the US Securities and Exchange Commission and Financial Industry Regulatory Authority.

Risk Disclosure:

All investments involve risk, including possible loss of principal. Past performance of a security, market, or financial product does not guarantee future results. Electronic trading poses unique risk to investors. System response and access times may vary due to market conditions, system performance, and other factors. Market volatility, volume, and system availability may delay account access and trade executions. The contents of this article shall not be considered a recommendation or solicitation for the purchase or sale of securities, futures, or other investment products.

Cision View original content:http://www.prnewswire.com/news-releases/hong-kong-stock-trading-feature-added-to-tradeups-web-platform-301045254.html

PR Newswire

HKBN Announces Interim Results for the 6 Months Ended 29 February 2020

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HONG KONG, April 22, 2020 /PRNewswire/ — HKBN Ltd. (“HKBN” or the “Company”; SEHK stock code: 1310) today announced solid growth in its financial and business performance for the six months ended 29 February 2020 (“1H2020”). Through a sequence of five strategic mergers and acquisitions over the last few years, culminating most recently with the acquisition of JOS completed in December 2019, HKBN has further bolstered its capabilities as an integrated telecom and technology solutions provider. The most recent JOS acquisition has greatly extended HKBN’s customer reach, broadened the scope of its service offerings and enhanced its market competitiveness in the enterprise space.

Key highlights from the interim period include:

  • Revenue, EBITDA and Adjusted Free Cash Flow (“AFF”) continued to grow year-on-year 101%, 77% and 47%, respectively, to HK$4,457 million, HK$1,283 million and HK$440 million. The substantial year-on-year increase was mainly contributed by:
    • consolidating six months of results of HKBN Enterprise Solutions Development Ltd and its subsidiaries (collectively “WTT Group”) with revenue and EBITDA contribution of HK$1,104 million and HK$509 million;
    • consolidating two and a half months of results of HKBN JOS Holdings (C.I.) Limited and its subsidiaries, Adura Hong Kong Limited and Adura Cyber Services Pte. Ltd. (“collectively “JOS Group”) with revenue and EBITDA contribution of HK$836 million and HK$57 million; and
    • reducing operating lease expenses of HK$106 million in the calculation of EBITDA, after adopting HKFRS 16.
  • Enterprise revenue increased by 190% year-on-year to HK$2,276 million after consolidating six months and two and a half months of operating results of WTT Group and JOS Group, respectively, in 1H2020. Total number of enterprise customers increased year-on-year to 104,000 while enterprise ARPU increased from HK$1,508 to HK$2,775.
  • Residential revenue grew by 2% year-on-year to HK$1,252 million from the successful execution of a quad-play strategy. This enabled the Company to increase its historical full base residential ARPU by 3% year-on-year, from HK$184/month in 1H2019 to HK$190/month in 1H2020, while the monthly churn rate remained low.
  • The Board of Directors has recommended the payment of an interim dividend of 37 HK cents (1H2019: 34 HK cents per share), resulting in a 9% year-on-year growth.  

935 Co-Owners = Unprecedented Management Alignment

“In crisis there is opportunity. Our Co-Ownership culture is our most distinct and important LUCA (Legal Unfair Competitive Advantage). Our Talent force of 5,861, including those from JOS and WTT, is now led by 935 Co-Owners who have invested their family savings in HKBN. Most impressively, the Co-Ownership take-up for our top 73 executives is 100%, which demonstrates incredible alignment of interest amongst our leadership team,” said Co-Owner and Executive Vice-chairman William Yeung, and Co-Owner and Group CEO NiQ Lai.

HKBN Co-Ownership Take-up Amongst Talents:

Seniority

 Total Invited for
Co-Ownership

Co-Ownership

Take-up

Co-Ownership

Take-up Rate

CXO Management Committee,
Directors and Associate Directors

73

73

 

100%

 

Managers

405

300

 

74%

 

Supervisors

1,124

562

 

50%

 

Total eligible for Co-Ownership

1,602

935

 

58%

Note: As of 31 March 2020

For more details of HKBN’s results in 1H2020, please refer to the announcement:
https://reg.hkbn.net/WwwCMS/upload/pdf/en/e_InterimResultsAnnouncement_FY20.pdf   

Appendix: Shareholder Letter

At the interim results presentation, William Yeung, HKBN Co-Owner and Executive Vice-chairman (left), Samuel Hui, Co-Owner and Chief Transformation Officer (middle) and NiQ Lai, Co-Owner and Group CEO (right), provided an in-depth look at HKBN’s transformative growth performance and its focus to deliver accelerated transformations for customers.
At the interim results presentation, William Yeung, HKBN Co-Owner and Executive Vice-chairman (left), Samuel Hui, Co-Owner and Chief Transformation Officer (middle) and NiQ Lai, Co-Owner and Group CEO (right), provided an in-depth look at HKBN’s transformative growth performance and its focus to deliver accelerated transformations for customers.

About HKBN Ltd.

HKBN Ltd. (SEHK Stock Code: 1310, together with its subsidiaries, “HKBN” or the “Group”) is an investment holding company. HKBN, headquartered in Hong Kong with operations spanning Asia across Hong Kong, Singapore, Malaysia, mainland China and Macau, is a leading integrated telecom and technology solutions provider. Through three core brands, Hong Kong Broadband Network, HKBN Enterprise Solutions and HKBN JOS, the Group offers comprehensive one-stop information and communications technology (“ICT”) services that include broadband, data connectivity, managed Wi-Fi, integrated cloud solutions, information security, mobile, voice communications, digital solutions, IoT, big data, enterprise applications, data centre facilities, business continuity services, system integration and OTT entertainment. HKBN’s tri-carrier fibre infrastructure in Hong Kong covers about 2.4 million residential homes and 7,300 commercial buildings and facilities. Committed to creating a lasting positive impact to wherever it operates, HKBN embraces a Core Purpose to “Make our Home a Better Place to Live”. The Group is managed by around 930 of Co-Owners (supervisory and management level Talents in the Group) who invested their family savings to buy shares of HKBN Ltd. (SEHK Stock Code: 1310) or invest a portion of their salary towards a common KPI for the Beyond-Hong Kong business of the Group.

Appendix:

Shareholder Letter

Dear Fellow HKBN Shareholders,

#ToughTimesTogether

We are committed to our pursuit of Purposeful profit even during toughest times. Whilst the global COVID-19 crisis is impacting all of us, HKBN is one of the fortunate companies that continues to grow through this crisis, so we are in an exceptional situation whereby we can do good and do well. In February 2020, we launched our #ToughTimesTogether initiatives to help alleviate economic impact of the crisis, starting with waiving of our February 2020 service fees for our residential fixed-services and corporate customers, followed by 10,000 free broadband services for families in financial difficulties, and offering three months of fixed contract work experience for 100 fresh graduates. In doing these, we hope to inspire other purpose-driven companies to act, and together make a far bigger impact.

HKBN is a Talent-obsessed company; in fact, HKBN is nothing but a Talent company. All our business hardware and software can be replicated with enough money and time, but our cultural DNA is impossible to replicate. At HKBN, we believe we must first WOW our 5,861 Talents before we can together WOW other stakeholders such as customers, business partners, shareholders etc.

Just a year ago, we were three competitors, being HKBN, WTT and JOS. Today, we are one entity of 5,861 HKBNers led by 935 Co-Owners (refer to the QR code below) who now share one common “elite sports team” bank account for our family savings. Our culture is based on “pride” of common success leading to individual success, rather than the “envy” that is the disease of many legacy companies. When an HKBNer is doing well, be it on our Co-Ownership upside, pain/GAIN payout, earning higher commissions etc., we know that we are all aligned and contributing to each other’s success. “Pride” in each other’s success is why we do not set caps in sales commissions, as we are happy to see a top performing sales person earn more in total compensation via commissions, than managers above them. Conversely, when an HKBNer does poorly on any of the above, we all suffer together; hence this makes us work smarter together to avoid this pain.

Whilst the economy is currently facing unprecedented headwinds, times of crisis create opportunity for legacy market change. With our recent sequence of acquisitions and the completion of our Co-Ownership III Plus Scheme, we have completely transformed into an integrated telecom and technology solutions provider. At HKBN, we believe in “eat what we cook first, before we sell it”. Today we are undergoing a massive internal digital transformation which in turn we will sell externally as Transformation as a Service (“TaaS”) to help our customers.

We expect that COVID-19 will structurally slow down global business-as-usual economic activities but force massive demand for business transformations; it is the latter that we are focused on for growth. In short, we are optimistic of the mid-term future.

Sincerely yours,

William Yeung
Co-Owner and Executive Vice-chairman        

NiQ Lai
Co-Owner and Group Chief Executive Officer

Scan QR code for our full list of Co-Owners
https://reg.hkbn.net/WwwCMS/upload/web/en/images/QRcode-Co-Owner-List-EN.png

Photo – https://photos.prnasia.com/prnh/20200422/2783521-1?lang=0
Logo – https://photos.prnasia.com/prnh/20190604/2486375-1LOGO?lang=0

Source: HKBN Ltd.

PR Newswire

RattanIndia Finance Wins the Celent Model Bank Award 2020 for Retail Lending Powered by Nucleus FinnOne Neo

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NEW DELHI, April 22, 2020 /PRNewswire/ — Celent, the world’s leading research, advisory and consulting firm focused on financial services technology, has named RattanIndia Finance as the winner of The Celent Model Bank Award 2020 for Retail Lending, powered by FinnOne Neo from Nucleus Software.

Celent Model Bank Awards recognize the best practices of technology usage in banking. RattanIndia Finance deployed FinnOne Neo in the cloud, disrupting the consumer finance market with a superior digital experience, speedy approvals and the rapid launch of innovative loan products. With FinnOne Neo, RattanIndia reduced the time taken to bring new products to market by 50%, decreased the IT resource count by 75% and lowered the cost of ownership by 90%. They recorded rapid business growth and became the first lender to offer loans for electric bikes in India

Mr. Craig Focardi (Senior Analyst, Celent) said, “Although the growth of cloud computing has accelerated in recent years, the movement of mission-critical core lending and banking solutions has not. RattanIndia Finance’s successful transition of its entire end-to-end lending platform for retail and corporate banking is a leading-edge example of the future potential for public cloud, which is why RattanIndia Finance is worthy of Celent’s Model Bank 2020 Award for retail lending.”

Mr. Harvinder Gandhi (Head of Technology, RattanIndia Finance) commented, “We are really excited to win the Celent Model Bank Award, powered by FinnOne Neo. This project helped us differentiate as an agile, digital and customer focused lender. We are delighted that the project confirmed our belief that technology powers business growth and helps us deliver a superior customer experience. The results that we have seen are truly remarkable.”

Mr. R. P. Singh (CEO, Nucleus Software) said, “Our heartiest congratulations to RattanIndia Finance for wining this prestigious Model Bank Award from Celent. RattanIndia Finance is an innovative company and we are proud to support them in their goal to provide a faster, easier and more customer centric experience. This achievement is a further testament to the confidence of global financial services industry in the power, reliability and robustness of our solutions.”

About: Nucleus Software. 

Media Relations:  

Rashmi Joshi
rashmi.joshi@nucleussoftware.com  
+91-9560-694654

Photo – https://techent.tv/wp-content/uploads/2020/04/rattanindia-finance-wins-the-celent-model-bank-award-2020-for-retail-lending-powered-by-nucleus-finnone-neo.jpg 

PR Newswire

Tradewind Finance Supports Businesses with Fast and Flexible Financing Solutions

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NEW YORK, April 21, 2020 /PRNewswire/ — Tradewind Finance, an international trade finance company, is offering more flexible financing solutions to address the economic and operational upheaval businesses are presently facing due to the COVID-19 pandemic. The solutions that have been rolled out are intended to help buyers and sellers overcome cash flow and supply chain challenges during a time of global disruption. This includes Tradewind Finance’s move to finance payment terms of up to 180 days for new shipments. With a longer financing period available, suppliers can offer extended payment terms to their buyers. Overall, suppliers and buyers can build a more transparent and trusting relationship with the help of international trade finance companies who can work with both business partners to grow and succeed together.

As supply chains are rattled, the firm is staying attuned to their clients’ needs and is maximizing their efforts to curb these disruptions. They are providing creative solutions to their clients faced with various scenarios, such as those who are forced to hold onto goods that have already been produced.

Not only is Tradewind Finance creating working capital for their clients and alleviating stress on supply chains with more lenient financing parameters, but they are also offering these solutions to new businesses who are interested in their services to help them through the impacts of the current global crisis. The firm works with exporters and importers across a myriad of industries, including medical supplies, seafood, electronics, and apparel.

Tradewind’s trade finance services have helped companies for over 20 years by accelerating cash flow to their businesses. During this challenging period for companies everywhere, Tradewind’s global chief financial officer and senior executive officer Peter Maerevoet insists that trust and collaboration between buyers and suppliers is the key to viability over other immediate fixes that can destroy companies in the long run.

Recently, Maerevoet was approached by Sourcing Journal, a leading apparel and textile publication that serves a worldwide readership of sourcing executives, supply chain executives and others within the industry, to weigh in on the havoc that has been wrought on retailers and suppliers in the fashion sector.  Tradewind Finance has been instrumental in financing the apparel and textile industry for two decades and can help charter fashion companies to safer waters during the current period.

With the unprecedented impacts of COVID-19, retailers and suppliers have to choose whether to cooperate under these new circumstances to preserve partnerships, or instead think of their own survival in the short term, no matter the cost. Maerevoet shares his thoughts on why trust and collaboration are critical in the Sourcing Journal article titled, “Collaboration, Compassion Key for Supply Chain Crisis Management”, in which he was featured:

“Relationships with mutual trust have a much better chance to survive crises than some opportunistic or tactical price-driven relationships.” “I think that’s something you will see in the next couple of months that a lot of these opportunistic relationships… will stop forever or at least for a couple of years. And those strategic relationships where people have had mutual trust for many years will survive the crisis and they’ll even be stronger.”

As businesses look to survive — and even thrive — in a period with negative impacts that permeate all facets of the world, Tradewind Finance is providing much-needed support to weather the storm. With the firm’s cash flow solutions, credit protection, and facilitation of longer payment terms, buyers and suppliers can maintain their business partnerships and overcome cash flow hurdles.

Contact info:
Tradewind Finance
contact@tradewindfinance.com
212-765-4349
https://www.tradewindfinance.com/

Logo – https://techent.tv/wp-content/uploads/2020/04/tradewind-finance-supports-businesses-with-fast-and-flexible-financing-solutions.jpg