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PR Newswire

Changyou.com Announces Completion of Going-Private Transaction

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

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

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

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

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

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

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

About Changyou

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

For investor and media inquiries, please contact:

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

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

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PR Newswire

Luokung Received NASDAQ Notification Letter

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

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

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

About Luokung Technology Corp.

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

Business Risks and Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

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Source: Luokung Technology Corp.

PR Newswire

Bluevisor chosen for NatWest FinTech Accelerator Programme

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

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

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

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

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

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

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

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

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

Media contact

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

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

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PR Newswire

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

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

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

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

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

About Chunghwa Telecom

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

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Source: Chunghwa Telecom Co., Ltd.

PR Newswire

Euroclear Business and Financial Update – Q1 2020

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BRUSSELS, April 17, 2020 /PRNewswire/ —

  • Q1 20 revenues up 9% year-on-year, to EUR 383 million
    • Business Income rose 15% to EUR 321 million
    • Banking and Other Income decreased 14% to EUR 62 million
  • Operating costs up by 4% to EUR 213 million, in line with expectations
  • Net profit was up 29% to EUR 127 million
  • Dividend approval to be postponed to Q4 2020 in light of recent ECB guidance
  • Liquidity initiative stopped due to current uncertain environment
  • COVID-19 outlook: business income evolution uncertain; interest-related income hit by interest rate cuts

Business update

Global markets are exceptionally volatile as participants attempt to understand the wide-ranging implications of COVID-19. During this time, our key priorities are the welfare and wellbeing of our people, whilst ensuring business resilience in our critical role as financial market infrastructure, and continuing to safeguard both our clients’ and Euroclear’s assets.

In seeking to protect the health and safety of our people, we moved to wholesale homeworking, with nearly all our people working remotely. We have taken several other initiatives to support staff wellbeing during this difficult period.

Our Business Continuity Plan is working well to support our customers’ needs even with the exceptional settlement volumes experienced in the first quarter across the financial markets. Sustained investment over recent years in new technologies, cyber security and optimising our ways of working has helped to minimise operational risk and build a more resilient business, allowing us to support our customers and our people through this difficult time.

The strong performance in business income at the end of 2019 continued into the first months of 2020, before the recent heightened volatility, seen across markets, resulted in much greater activity. As a result, the group delivered exceptionally strong growth in business income during the first quarter, above our long-term, through-the-cycle growth trajectory. This activity has recently begun to normalise, with volumes reverting towards more typical levels. Lower market valuations are expected to impact our revenue performance in certain asset classes, such as equities, balancing the overall full year performance.

Central banks lowered policy rates in response to the economic crisis and that has reduced our interest-related income in the quarter. We expect that an ongoing lower interest rate environment will continue to substantially impact Banking and Other Income over the coming quarters, with a yearly decline of approximately 50% anticipated in 2020, compared to 2019 results.

Capital and dividend

We have a strong balance sheet and capital position. Given our disciplined risk management, limited leverage and prudent liquidity position, the Board remains confident in Euroclear’s financial strength. However, in light of recent guidance from the European Central Bank (ECB) and the National Bank of Belgium (NBB) regarding dividend distribution policy in the context of the COVID-19 crisis, the Board has taken the decision to postpone its approval of the dividend announced in February, until Q4 2020. 

Shareholder liquidity initiative

In December 2019, the Board completed the study phase of the process to find a liquidity solution for the benefit of all of our shareholders. Given the current uncertain environment, the Board has decided to stop all work on a tentative liquidity initiative, and wait until economic activity and market stability has been restored in a sustained way to consider the matter again.

Commenting on the first quarter update, Marc Antoine Autheman, Chairman said:

“The Euroclear group continues to demonstrate exceptional levels of robustness and resilience as we support global financial markets during a period of great strain. On behalf of the Board, I would like to express gratitude to our people from across every entity of the group for how they have responded to the COVID-19 crisis. Thanks to their dedication we have been able to maintain services of the highest quality and security to all clients.”

Lieve Mostrey, Chief Executive Officer, added:

“This year has already proven to be challenging for the financial markets, with recent events demonstrating the need for a strong and adaptable market infrastructure. Our business, people and systems have shown resilience, and their proven robustness, to support the financial market ecosystem in these unprecedented times. Thanks to all our staff’s efforts, we remain focused on delivering for our stakeholders while monitoring the COVID-19 situation very closely.

In recognition of the important responsibility we have to society and our local communities, we have made a donation of EUR 1 million to charities that are tackling the COVID-19 crisis. The donation will be allocated to local charitable causes, such as hospitals and vaccination research, in each of the main countries where Euroclear operates.”

Disclaimer

The information, statements and opinions expressed herein (the “Content”) do not constitute and shall not be deemed to constitute: (i) any offer, invitation or inducement to sell a security or engage in investment, financial or other similar activity; or (ii) a solicitation of an offer to buy any security; or (iii) any recommendation or advice in relation to any investment, financial or other decision. Persons considering making any investment or financial decision should contact their qualified financial adviser. The financial information included is unaudited and the Content includes forward looking statements in relation to future events and financial performance which contain inherent risks and uncertainties. Actual outcomes may differ materially from those expressed or implied by such forward looking statements.

To the maximum extent permitted by law, no warranty or representation including, but not limited to, accuracy or completeness (express or implied) is made in relation to the Content, including, but not limited to, any statements about the prospects of Euroclear. Euroclear makes no commitment to update the Content and expressly disclaims, to the extent lawful, liability for any errors or omissions in it. The Content is not directed at, or intended for distribution to, or use by any person or entity where such distribution or use is restricted by law or regulation. Persons into whose possession the Content comes should inform themselves about and observe any such restrictions.

Note to editors

Euroclear group is the financial industry’s trusted provider of post trade services. At the core, the group provides settlement, safe-keeping and servicing of domestic and cross-border securities for bonds, equities and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise.

The Euroclear group includes Euroclear Bank – which is rated AA+ by Fitch Ratings and AA by Standard & Poor’s – as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland. The Euroclear group settled the equivalent of EUR 837 trillion in securities transactions in 2019, representing 239 million domestic and cross-border transactions and held an average of EUR 30.1 trillion in assets for clients.

For more information about Euroclear, please visit www.euroclear.com.

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PR Newswire

111 Files Annual Report on Form 20-F for Fiscal Year Ended 2019

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SHANGHAI, April 17, 2020 /PRNewswire/ — 111, Inc. (“111” or the “Company”) (Nasdaq: YI), a leading integrated online and offline healthcare platform in China, today announced it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the United States Securities and Exchange Commission (“SEC”) on April 16, 2020.

The annual report is available on the Company’s investor relations website at http://ir.111.com.cn/ as well as the SEC’s website at http://www.sec.gov.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department 3-5/F, No. 295 ZuChongZhi Road, Pudong New Area, Shanghai, 201203, The People’s Republic of China.

About 111, Inc.

111, Inc. (NASDAQ: YI) (“111” or the “Company”) is a leading integrated online and offline healthcare platform in China. The Company provides hundreds of millions of consumers with better access to pharmaceutical products and healthcare services directly through its online retail pharmacy and indirectly through its offline pharmacy network. 111 also offers online healthcare services through its internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation and electronic prescription services. In addition to providing direct services to consumers through its online retail pharmacy, 111 also enables offline pharmacies to better serve their customers. The Company’s online wholesale pharmacy, 1 Drug Mall, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. The Company’s new retail platform, by integrating the front and back ends of the pharmaceutical supply chain, has formed a smart supply chain, which transforms the flow of pharmaceutical products to pharmacies and modernizes how they serve their customers.

For more information on 111, please visit ir@111.com.cn

For more information, please contact:

111, Inc
IR Director
Ms. Monica Mu
ir@111.com.cn

Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com

In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

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Source: 111, Inc.

PR Newswire

OctaFX Is Donating 25,000 USD to COVID-19 Relief

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KINGSTOWN, Saint Vincent and the Grenadines, April 17, 2020 /PRNewswire/ — OctaFX is a Forex broker implementing online trading services globally since 2011. It offers a state-of-the-art trading experience to over one million users. OctaFX has won more than 20 awards since its foundation, including the Best Forex Broker Asia 2019 award. The company is well-known for its social and charity activity. They announced an initiative to help combat the virus, which has affected many, with a 25,000 USD donation.

OctaFX is Donating 25,000 USD to COVID-19 Relief 
OctaFX is Donating 25,000 USD to COVID-19 Relief 

The beneficiaries of the 25,000 USD contribution are Aksi Cepat Tanggap, Indonesia, a humanitarian organisation; Malaysian Red Crescent Society, Malaysia; Vallalar Educational Trust, India; and Award Pakistan, Pakistan. These charities specifically serve impoverished families, medical workers, and those most impacted by the fallout from COVID-19. The donation will go towards purchasing of medical masks, hand sanitizers, and food. 

They reported that this is not their only initiative. Just recently they declared that they would be dramatically reducing their spreads up to 14 points. They have also asked locals to enquire about humanitarian organisations that could also benefit from an OctaFX monetary contribution. They’ll be holding a benefit lasting a month later beginning on the 23rd of April which will raise money to help those in need.

OctaFX always seeks new ways in which to provide support to local communities. They’ve challenged other brokers to match their relief efforts by cutting spreads and donating. OctaFX has a detailed history providing public assistance, and this is another example of how they value society. 

Follow OctaFX on Instagram

Photo: https://techent.tv/wp-content/uploads/2020/04/octafx-is-donating-25000-usd-to-covid-19-relief.jpg

Contact: marketing@octafx, +34-691-370-613

PR Newswire

Chongqing Liangjiang New Area: intelligent development accelerates production resumption

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CHONGQING, China, April 16, 2020 /PRNewswire/ — According to Chongqing Liangjiang New Area Administrative Committee, Chongqing Liangjiang New Area ranked the first among all 14 regional new areas in the third-party evaluation on China Demonstration Base for Entrepreneurship and Innovation in 2019. At present, Liangjiang New Area is vigorously implementing strategic innovation-driven action plans led by big data and intelligence. Enterprises that carried out intelligent transformation have hedged against the impact of the COVID-19 pandemic and some even have achieved bounce-back development.

Located in Chongqing Liangjiang New Area, Lianchuang Electronics Co., Ltd., which mainly provides integrated touch display products for enterprises such as BOE, Tianma, and Vivo, has seen a surge of orders recently. What makes the electronics industry “go up against the trend”? One important factor is the high-end development in the industry. In recent years, the Liangjiang New Area has been focusing on the upgrading of the entire electronics industrial chain (Chips, LCD panels, intelligent terminals, core components and Internet of Things) towards the intellectual industry. Enterprises that focus on innovation and transformation achieves higher flexibility against market risks.

As the first national development and opening-up new area in inland China, Chongqing Liangjiang New Area welcomes its tenth anniversary of establishment in 2020. Now it is embracing the opportunities emerging from the initiative of the National Digital Economy Innovation Development Pilot Zone and the National New Generation of Artificial Intelligence Innovation Development Pilot Zone. By boosting the integration of high-end, high-quality and high-tech industries and “cloud computing” components, it has become a pillar in the development of the western region in the new era, a driver in the Belt and Road initiative as well as a model in advancing the sustainable development in the Yangtze River Economic Belt.

The electronics industry is one of the pillar industries of the Liangjiang New Area, home to a large number of electronic terminal and supporting industrial chain enterprises. By planning and carrying out the epidemic prevention and control of COVID-19, as well as economic and social development, Liangjiang New Area takes the strategic opportunity through leading enterprises, resuming the entire industry chain production and the national and global supply systems integration, ensuring smooth operation of the supply chain. The enterprise above designated size in the electronics industry have resumed in full operation and seen an increase of orders.

Thanks to a high degree of smart development, Chongqing Laibao Technology Co., Ltd has seen its production capacity recovered in a short time. As the world’s leading manufacturer of medium-and-large-size capacitive touch screen shipments, its current output has exceeded 20% over the same period with only 70% employee returning to work. Thanks to its highly automated production line, it has maintained the normal operation with improved quality and efficiency.

Chongqing Liangjiang New Area provides enterprises with tax exemptions, talent training and other industrial preferential policies. To tackle the difficulties caused by COVID-19 pandemic, a series of policies have been implemented to help local enterprises, including labour transportation service, subsidies and “cloud promotion”. The new area hopes to become a major investment destination with sound business environment and stable development of foreign trade.

For more information, please visit the official website: http://www.liangjiang.gov.cn.

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