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PR Newswire

New Research Shows 55 Percent of Filipino Viewers are Streaming More OTT Video Content Because of COVID-19

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  • More than one in five OTT users surveyed hadn’t watched traditional TV at all in the three months prior to the survey
  • Almost 9 in 10 viewers will watch ads in exchange for free programming via OTT
  • 65 percent expect to maintain or increase streaming viewership after the pandemic

MANILA, Philippines, Feb. 10, 2021 — Today, The Trade Desk (NASDAQ: TTD) announced an in-depth report on over-the-top (OTT) video streaming in the Philippines market, revealing that 36 million consumers stream two billion hours of OTT content per month – making OTT one of the fastest growing media channels in the country. OTT services enable viewers to stream professionally-produced video content over the internet on demand, from any device including smart TVs, personal computers or mobile devices.

The study, which surveyed usage and viewing habits on OTT platforms across Southeast Asia, shows Filipinos are avid consumers of OTT. The average Filipino OTT viewer watches 3.3 hours of content per day, versus a regional average of just 2.5 hours. The country also logs the highest percentage of heavy users across the region, with nearly one in three OTT viewers (32 percent) watching four or more hours per day.

The report reveals that COVID-19 has had a dramatic impact on OTT adoption. More than half (55 percent) of all Filipino OTT users report streaming more OTT content during the pandemic than before. These habits are likely to persist even in a post-COVID world as 65 percent say they plan to maintain or increase OTT consumption after the pandemic ends.

"The pandemic has accelerated consumer trends that will define the next era of TV consumption," said Mitch Waters, SVP of Southeast Asia, Australia, and New Zealand, The Trade Desk. "The shift to OTT streaming in the region, and specifically the Philippines where more than half of viewers are turning to OTT than ever before at higher viewing rates than other countries in the region, demonstrates the undeniable inflection point for TV consumption that will most certainly never turn back to the way it used to be."

Underscoring this point, the study also shows that OTT has the potential to seriously disrupt broadcast television in the Philippines. More than one in five (22 percent) OTT viewers hadn’t watched  traditional TV at all in the three months prior to the survey. That figure is among the highest in Southeast Asia, and second only to Malaysia’s 23 percent. What’s more, 1 in 2 users prefer to tune in between the hours of 8PM-12AM, bringing streaming into direct competition with traditional TV for valuable primetime audiences. Filipino viewers are also looking to OTT for their favorite content, with 62 percent tuning in to OTT to watch their favorite programming versus just 54 percent on traditional broadcast.

OTT trend highlights in Philippines
OTT trend highlights in Philippines

The rise of OTT has created opportunities for brands to reach and engage viewers. In fact, Kantar’s OTT Advertising Attractiveness Index, commissioned as part of this report, identified the Philippines as the most attractive market for advertisers in Southeast Asia, based on a combination of factors including OTT usage, satisfaction, ad response, connectivity, and consumer profile. Eight-eight percent of Filipino viewers will watch ads in exchange for free programming. The research also shows that 42 percent are willing to watch four or more ads per hour in exchange for free content, the highest in Southeast Asia. More than 20 million Filipinos tune in to at least one ad-supported OTT platform, and 55 percent of all OTT viewers are between 16-34 years of age, providing a new channel for brands to build relationships with this high-coveted demographic.

"As more young, engaged, and active Filipinos shift to OTT and are willing to view more ads, advertisers have an enormous opportunity in front of them" said Waters. "This provides an opening for advertisers to employ a data-driven approach with an improved advertising experience in a way that’s not possible with traditional TV.

Key findings from the research include:

  • Over a third of the population (36 million) use OTT streaming services.
  • Viewers stream two billion hours of OTT per month in the Philippines, the second highest among the six markets surveyed and lagging only populous Indonesia.
  • 55 percent of OTT viewers are between 16 to 34 years of age. Among 25-34 year olds, nearly 6 in 10 (59 percent) report watching Korean programming.
  • 55 percent of OTT viewers have increased streaming during COVID and 65 percent plan to maintain or increase OTT consumption even after the pandemic.
  • More than one in five OTT users surveyed (22 percent) hadn’t watched traditional TV at all in the three months prior to survey, second only to Malaysia (23 percent).
  • The Philippines is the most ad tolerant Southeast Asian country surveyed, with 42 percent of OTT viewers willing to watch four or more ads per hour of free content.
  • Advertisers can reach more than 20 million consumers in the Philippines on ad-supported platforms.

Methodology

This report was commissioned by The Trade Desk and carried out by the world’s leading marketing data, insight, and consultancy Kantar. Kantar conducted a survey among 4,500 consumers, ages 16+ in the Philippines, Singapore, Malaysia, Vietnam, Thailand and Indonesia in September 2020.

About The Trade Desk

The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia Pacific. To learn more, visit thetradedesk.com or follow us on Facebook, Twitter, LinkedIn and YouTube.

Notes to editors

A downloadable copy of the report can be found here.

PR Newswire

Exclaimer Acquires Customer Thermometer to Bring Real-Time Customer Feedback to its Global Corporate Email Signature Platform

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The only email signature solution vendor that offers an ‘out-of-the-box’ integration with Customer Thermometer

FARNBOROUGH, England, Feb. 9, 2021 — Exclaimer Group today announces the acquisition of Customer Thermometer, the award-winning survey platform focused on real-time, actionable feedback from customers and employees. 

This acquisition further extends Exclaimer’s market leadership in the signature management marketplace by adding additional capabilities from within the email signature real estate.

Using 1-click surveys, Customer Thermometer delivers a total view of customer satisfaction at key points of the customer lifecycle and a visible sign of dedication to customer feedback and service.

Instead of using long, irregular surveys to capture a snapshot in time from a small number of customers, this exclusive integration will allow organizations of any size to capture a real-time pulse of customer feedback from every corporate email sent, for every customer interaction. This in turn enables companies to respond immediately to resolve problems for unhappy customers and improve those interactions for other customers.

Exclaimer is now the only email signature solution that offers an ‘out-of-the-box’ integration with Customer Thermometer. The fully rounded feature-set provides the following benefits:

  • Easy integration of surveys in emails, a ‘drag and drop’ interface, and quick deployment throughout an organisation. This allows a far greater survey reach for a true picture of overall company performance
  • Universally applied surveys to all corporate email through the server-side deployment of signature templates
  • Enriched reporting and more granular insights on survey outcomes are made possible due to directory data integration

With Customer Thermometer, businesses can improve customer relationships by identifying problems quickly and in real-time, increasing customer retention. The new feature also allows companies to gain insight into their own employee engagement via Exclaimer Cloud’s ability to target intra-company messages.

Commenting on the acquisition, Heath Davies, CEO Exclaimer, says: "This acquisition will allow business customers to get increased value from every email they send. We are on a journey to give our customers a greater benefit from business’ most ubiquitous communication tool, email. Ultimately, we’re helping customers reimagine the potential they have within email today."

Lindsay Willott, Founder, Customer Thermometer comments: "We are seeing an ever-greater shift towards customer experience across sectors, as businesses rapidly come to understand how critical it is to both lifetime value and reputation management. We are delighted to join the Exclaimer team at this most exciting of times. This partnership gives email users the world over the opportunity to get superb insight and feedback from existing customer touchpoints."

GP Bullhound acted as the financial advisor to Customer Thermometer.

Enquiries:

Exclaimer:
Maria Dahlqvist Canton
VP Marketing
Phone: +44 (0) 7930 111931
Email: maria.canton@exclaimer.com

About Exclaimer

For nearly 20 years, Exclaimer has been providing world-class on-premises and cloud-based email signature software and solutions for Microsoft 365 (formerly Office 365), Google Workplace (formerly G Suite), and Microsoft Exchange. Headquartered just outside of London and with regional offices worldwide, its products are used by over 75 million users in 150+ countries with some companies holding licenses for over 300,000 users.

Its diverse customer base includes renowned international organizations such as Sony, Mattel, 10 Downing Street, NBC, the Government of Canada, the BBC, and many more organizations of all sectors and sizes. The company has been the recipient of multiple industry awards over the years and was the first company of its type to successfully achieve the ISO 27001 Certification for its cloud-based signature management service.

For more information on Exclaimer, please visit www.exclaimer.com

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PR Newswire

Glory Star Cooperates with SaaS Service Provider Zhongmin Zaixian and Launches More than 300 Brands on CHEERS E-mall

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BEIJING, Feb. 5, 2021 — Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading mobile and online digital media and entertainment company in China, today announced that it has it has established a comprehensive strategic cooperation agreement (the "Agreement") with Zhongminzaixian (Xiamen) E-Commerce Co., Ltd. ("Zhongmin Zaixian"). As part of the Agreement, Zhongmin Zaixian will integrate its current product and service offerings into the Company’s CHEERS e-Mall ecosystem, which will provide more than 300 domestic and foreign first- and second-tier brands of consumer goods, gold jewelry and other gold merchandise in a full range of categories. These offerings also include online and offline payment services, such as mobile bill payment services for major mobile operators, multiple payment services for video platform membership, gift card payment services for games, and more. The cooperation is planned to be gradually carried out in 2021 and expected to bring additional stimulus to CHEERS e-Mall platform’s development going forward.

As a leading SaaS service provider, Zhongmin Zaixian offers SaaS services to enterprises in multiple market segments along the industry value chain. Its product and service offerings covers more than 300 domestic and foreign for first- and second-tier brands of consumer goods, gold jewelry and other gold merchandise within the industry service supply chain, including brands such as Chow Tai Fook, Cuilu Fine Gold, Gree, Midea, Nike, Philips, and more, as well as other virtual benefits and coupon services. After several years of development, Zhongmin Zaixian’s customers and partners include several major mobile operators, including China Mobile Communications Corporation, China United Network Communications Group Co., Ltd, and China Telecommunications Corporation, as well as many well-known banks, including the Industrial and Commercial Bank of China, China Construction Bank Corporation, China Post Group Corporation Limited, China Merchants Bank, China CITIC Bank, and more. The customers and partners of Zhongmin Zaixian also include several industry leaders, including Air China Limited, Hainan Airlines Co., Ltd., Xiamen Airlines, Trip.com Group Ltd, China Petroleum and Chemical Corporation, and Qihoo 360 Technology Co. Ltd.

Pursuant to the Agreement, the substantial number of brands across Zhongmin Zaixian’s supply chain will help to rapidly expand CHEERS e-Mall’s offerings while also supplementing its high-quality brand channels significantly. At the same time, the supply chain system and diversified service products of Zhongmin Zaixian can help to further increase the number of new consumption scenarios within the CHEERS e-Mall ecosystem, provide its users with a broader array of high-quality products and unique services, and meet all aspects of its users’ needs in their pursuit of a higher-quality lifestyle. Through this cooperation, Glory Star will continue to integrate with multiple brands, expand its supply of high-quality brands and services, enhance its platform value and the value of its cooperating brands, and advance its CHEERS e-Mall as well as other CHEERS platforms to new stages of development.

Mr. Bing Zhang, Founder and Chief Executive Officer of Glory Star, commented, "We are excited to announce the establishment of a comprehensive strategic cooperation agreement with Zhongmin Zaixian. Collaboration between both parties will help Glory Star to establish stronger connections between merchants and users while better satisfying its users’ increasing demands for a quality, convenient, and diversified set of products and services. We are confident that this cooperation will enable us to establish enduring brand influence, enhance our brand awareness, and further improve the leading position of CHEERS e-Mall in the new e-commerce industry."

About Glory Star New Media Group Holdings Limited

Glory Star New Media Group Holdings Limited is a leading mobile entertainment operator in China. Glory Star’s ability to integrate premium lifestyle content, including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle video series, e-Mall, and mobile app, along with innovative e-commerce offerings on its platform enables it to pursue its mission of enriching people’s lives. The company’s large and active user base creates valuable engagement opportunities with consumers and enhances platform stickiness with thousands of domestic and international brands.

Safe Harbor Statement

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions  (or the negative versions of such words or expressions ) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; and other factors listed in the Company’s Annual Report on Form 10-K for the year ending December 31, 2019 and in other filings made by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.

Contacts

Glory Star New Media Group Holdings Limited
Yida Ye
Email: yeyida@yaoshixinghui.com

ICR LLC.
Sharon Zhou
Tel: +1 (646) 308-0546
Email: gsnm@icrinc.com

PR Newswire

Leading Broker IronFX Announces Launch of New Affiliate Website

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LIMASSOL, Cyprus, Feb. 5, 2021 — IronFX is proud to announce the launch of its newly revamped affiliate website, following many months of hard work and dedication from its team.

IronFX launches newly revamped affiliate website with rewarding payment plans, commissions and bonuses.
IronFX launches newly revamped affiliate website with rewarding payment plans, commissions and bonuses.

IronFX’s affiliate program remains true to its reputation as a leading center for affiliates with the new website showcasing a wealth of tools, services and marketing plans to help businesses grow and increase conversion rates.

The primary goal during the redesign process was to update and expand the services available to affiliates as well as create a more valuable, user-centric and responsive resource across all platforms and devices.

The affiliate website aims at attracting new and current affiliates and offers exciting new payment plans, commissions and bonuses to reward affiliates. Affiliates will be spoiled for choice as they can receive weekly commission payouts, CPA up to $1,500, rebates up to $15 per lot, and 6 payout plans to choose from. There is also dedicated support from a team of experts on education, marketing and how to set up their business. A comprehensive media studio and various marketing tools are also available to assist them to fully build their brand and shape their marketing strategy.*

Attractive bonuses are also available, including a $1,000 sign up bonus and a 30% commission bonus.*

The Head of Affiliates said:

"We are thrilled to launch the new website and firmly believe it will serve as a useful and informative portal for affiliate clients and businesses to get to know our product, before they join us and begin to benefit from our range of bespoke services. We are pleased to say that up until now we have paid out $35m in commissions and the program boasts of a 40% conversion rate. Why be better, when you can be the best!"

For more information on IronFX Affiliates, and the numerous services available to businesses, please visit https://affiliates.ironfx.com/en

All trading involves risk. It is possible to lose all your capital.

*All payment plans & bonuses are subject to terms and conditions

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PR Newswire

Datawords and Whatsquare reinvent the customer relationship and the role of sales associates in a post-COVID world

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HONG KONG, Feb. 4, 2021 — Datawords, the global leader in Multicultural Technologies, is proud to launch its new e-Sales Connect platform, designed to reinvent the role of sales associates and improve the customer experience online. Developed by its Whatsquare team in Hong Kong and based on an AI-powered customization engine, this new solution allows brands to better connect their online and offline ecosystems while empowering sales associates at brick-and-mortar stores, by offering the ability to provide personalized services to customers through messaging.

With the world of retail durably transformed by the impact of COVID-19 and changing behavioral patterns, the platform developed by Datawords / Whatsquare creates a direct link between a store-based brand expert and an existing or potential consumer at the onset of their online journey. As such, it’s an effective way for stores and corners to generate online traffic and vice versa.

In the context of restrained movements in many geographies, and of consumers reluctant to spend too much time in stores, the platform allows brands to optimize and leverage the expertise of their salesforce, thus extending and enhancing their advisory role through technology.

Specifically, the innovative platform built by Datawords / Whatsquare creates a bridge between physical stores and e-commerce, extending and enriching the shopping experience by allowing the customer to ask questions and the salesperson to propose adapted promotions and services—dependent only on the consumer’s engagement with the brand on social media (WeChat, Facebook Messenger, WhatsApp, Instagram, etc.).

Based on a user’s location, the platform is able to suggest a nearby point of sale and link them to the salespeople in store, via a QR code system. The latter can then make customized purchase proposals by referring the consumer to an e-commerce site.

E-Sales Connect: our latest innovation to enhance customer service
E-Sales Connect: our latest innovation to enhance customer service

The platform has already been implemented with great success by Datawords / Whatsquare for major brands including BMW, L’Oreal, and L’Occitane.

Katherine Pei, co-founder of Whatsquare, explains: "We are very proud to add this new e-Sales Connect platform to our set of tailor–made multilingual solutions that enable data flows and conversational commerce between all messaging platforms, websites, mobile applications and now retail stores. Designed for retailers, our platform delivers personalized and enhanced customer service thanks to the combination of technology and expertise from the sales associates."

"In the current environment, our platform helps to animate points of sale while reinforcing the online/offline link and offering a practical solution to customers who wish to limit the length of their shopping trips while still benefiting from expert advice. On our side, we take care of the creation and maintenance of the platform, which is easy to roll out and duplicate. We are convinced of the potential of this solution, which has started to be implemented in Asia and can be applied to any type of retail store (from luxury to car distribution), anywhere in the world," adds Christophe Jourdain, Asia General Manager at Datawords.

About Whatsquare

Whatsquare creates tailor–made multilingual solutions that enable data flows and conversational commerce between all messaging platforms (including Facebook Messenger, WhatsApp, LINE, and WeChat for different regions), websites and mobile applications. Designed for retailers and brands, it automatically recommends products, provides customer service and delivers personalized stories. Whatsquare was co-founded in 2016 by Katherine Pei and Leeds Sheung and acquired by the Datawords Group in November 2019. Based in Hong Kong, the company is deploying its technology for international brands across APAC regions. More info on www.whatsquare.com/en/.

About Datawords

Created in 2000, Datawords combines a mastery of local cultures with technological expertise to roll out international strategies for major global brands across all digital platforms. Headed by a team of co-founders, Datawords has a presence in Europe, Asia and America. The group offers unmatched proficiency in multicultural technologies and stands out from the pack with the exceptional diversity of its 800 employees, representing over 50 nationalities and more than 60 languages. Datawords recorded a €70M turnover in 2019. The Datawords Group continues to grow with ground-breaking companies like Vanksen, Wezen, 87 Seconds and Whatsquare.

Learn more about the Datawords Group at www.datawordsgroup.com and on LinkedIn.

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Contact:
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raphaele.coulot-brette@grayling.com

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PR Newswire

Boozt launches Live Video Shopping at Stockholm Fashion Week – in partnership with Bambuser

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STOCKHOLM, Feb. 2, 2021 — Boozt, the leading Nordic fashion and lifestyle e-commerce tech company, makes the first move to integrate Live Video Shopping powered by Swedish mobile live streaming technology partner Bambuser at Stockholm Fashion Week 9 – 11 February.

As a strategic partner of Stockholm Fashion Week (SFW), Boozt is the first e-commerce retailer to hold a live video shopping event as part of the fashion week schedule.  The Boozt Watch & Shop will be a daily event featuring highlights from the SFW schedule, allowing users to engage in an interactive shopping experience in real-time within the video broadcast.

"We continue to invest in cutting-edge technology designed to elevate the shopping experience for our more than 2 million customers. By introducing the "Boozt Watch & Shop" live video shopping events we want to invite our community to connect with the fashion industry – engaging everyone around Nordic brands, sustainable choices and trends. We look forward to launching this with SFW and the strong Nordic fashion brands, looking into trends 2021," says Dorte Tandrup, Sales & Marketing Director at Boozt.

Boozt Watch & Shop live shopping SFW schedule

  • 9 February: Boozt Live on Sustainable fashion, hosted by Elina Grothén, Fashion Director at Elle Sweden
  • 10 February: Boozt Live on SFW Trends, hosted by Jahwanna Berglunds, Fashion Editor at Odalisque Magazine and Susan Stjernberger, Influencer @styleinscandinavia
  • 11 February: Boozt Live on Nordic designers, hosted by Katinka Island, Senior Buying Manager at Boozt and Sarah Jane Wilson, Fashion Editor at Boozt

"Technology is playing an increasingly important role in the fashion industry, and in the past year, it’s become even more critical as brands are challenged to engage audiences via digital channels. We could not be happier to see Live Video Shopping be integrated into the main schedule for Stockholm Fashion Week and believe that it will be a key component in scaling strong and sustainable Nordic players like Boozt," says Maryam Ghahremani, CEO at Bambuser.

"As TechCrunch puts it, Sweden is a tech superstar from the North. We want to encourage and develop entrepreneurship and innovation within the Swedish fashion industry and to showcase how our technologies help push boundaries to showcase Swedish brands," says SFW Organiser Catarina Midby, Secretary General at Swedish Fashion Association.

Contact information

Maryam Ghahremani, CEO Bambuser | press@bambuser.com | +46 8 400 160 02

Emma Holmberg, Communication Manager, Boozt  | emho@boozt.com | +46 73 024 74 45

Catarina Midby, General Secretary, Swedish Fashion Association | info@swedishfashionassociation.se

About Bambuser

Bambuser is a software company specializing in interactive live video streaming. The Company’s primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps and social media. Bambuser was founded in 2007 and has its headquarters in Stockholm.

About Boozt

Boozt is a leading Nordic technology company selling fashion and lifestyle online. Founded in 2011, Boozt has over 2 million active customers and offers a curated and contemporary selection of fashion and lifestyle brands primarily through its multi-brand webstore Boozt.com. The company is focused on using cutting-edge technology and local Nordic operations to curate the best possible customer experience.

About Stockholm Fashion Week

Stockholm Fashion Week was founded in 2005 with the objective of putting Stockholm and Swedish fashion on the international fashion scene. Stockholm Fashion Week was initially a physical event held twice per year. It has been relaunched in a digital structure since August 2020. Visit Stockholm Fashion Week for a schedule of events and presentations occurring February 9-11, 2021.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/bambuser/r/boozt-launches-live-video-shopping-at-stockholm-fashion-week—in-partnership-with-bambuser,c3277550

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PR Newswire

Acorn International Completes Going Private Transaction

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SHANGHAI, Jan. 30, 2021 — Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China, today announced the completion of its merger (the "Merger") with First Ostia Port Ltd., a Cayman Islands exempted company (the "Controlling Shareholder"), pursuant to the previously announced definitive Agreement and Plan of Merger dated October 12, 2020 (the "Merger Agreement") among the Company, First Ostia Port Ltd., and its wholly owned subsidiary Second Actium Coin Ltd., a Cayman Islands exempted company ("Merger Sub"). As a result of the Merger, the Merger Sub has merged with and into the Company thereby becoming a wholly owned subsidiary of the Controlling Shareholder.

Pursuant to the terms of the Merger Agreement, which was approved at the extraordinary meeting of shareholders held on January 21, 2021 (US time), each ordinary share, par value $0.01 per share, of the Company (a "Share" or, collectively, the "Shares"), including Shares represented by American Depositary Shares, each representing twenty Shares (the "ADSs"), issued and outstanding immediately prior to the Effective Time (i.e., today, January 29, 2021), other than certain excluded shares (as described in the Company’s proxy statement relating to the Merger) has been canceled in exchange for the right to receive $1.05 in cash per Share without interest (the "Per Share Merger Consideration"). As each ADS represents twenty Shares, each ADS issued and outstanding immediately prior to the Effective Time, other than ADSs representing certain excluded shares, has been canceled in exchange for the right to receive $21.00 in cash without interest (the "Per ADS Merger Consideration") pursuant to the terms and conditions set forth in the Merger Agreement.

Shareholders and ADS holders of record as of the effective time of the Merger who are entitled to the merger consideration will receive a letter of transmittal and instructions on how to surrender their share certificates or ADS certificates in exchange for the merger consideration (net of any applicable withholding taxes). Shareholders and ADS holders of record should wait to receive the letter of transmittal before surrendering their share or ADS certificates. For ADSs’ held in "street name" by a broker, bank or other nominee that are entitled to the merger consideration, payment of the merger consideration of US$21.00 per ADS in cash without interest (less a cancellation fee of US$0.05 per ADS and net of any applicable withholding taxes) will be made to ADS holders promptly after Citibank, N.A., the Company’s ADS depositary, receives the merger consideration.

The merger consideration remitted by First Ostia Port Ltd. was substantially financed by East West Bancorp, Inc., a publicly owned company with total assets of $50.4 billion and traded on the Nasdaq Global Select Market under the symbol "EWBC". The Company’s wholly-owned subsidiary, East West Bank, is one of the largest independent banks headquartered in California, operating over 125 locations in the United States and Greater China. For more information on East West Bank, visit the Company’s website at www.eastwestbank.com.

The Company also announced today that it requested that trading of its ADSs on the New York Stock Exchange ("NYSE") will be suspended as of the close of trading on January 29, 2021. The Company requested the NYSE to file a Form 25 with the U.S. Securities and Exchange Commission (the "SEC") notifying the SEC of the delisting of its ADSs on the NYSE and the deregistration of the Company’s registered securities. The deregistration will become effective 90 days after the filing of the Form 25, or such shorter period as may be determined by the SEC. The Company intends to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended, by filing a Form 15 with the SEC. The Company’s obligations to file with 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 becomes effective.

About Acorn International, Inc.

Acorn International is a leading marketing and branding company in China, leveraging a twenty-year direct marketing history to monetize brand IP, content creation and distribution, and product sales, through digital media in China. For more information visit www.acorninternationalgroup.com.

Safe Harbor Statement 

This news release contains forward-looking statements. These statements constitute "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 "anticipates," "believes," "estimates," "expects," "future," "going forward," "intends," "outlook," "plans," "target," "will," "would," "potential," "proposal" and similar statements. Such statements are based on current expectations and current economic, 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 control, and may cause actual results, performance, actions, 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 by law.

Investor Contacts:

Acorn International, Inc.

              Compass Investor Relations

Mr. Jacob A. Fisch

              Ms. Elaine Ketchmere, CFA

Phone +86-21-5151-8888

              Phone: +1-310-528-3031

Email: ir@chinadrtv.com

              Email: Eketchmere@compass-ir.com

www.acorninternationalgroup.com

              www.compassinvestorrelations.com

 

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PR Newswire

China Distance Education Holdings Limited Announces Extraordinary General Meeting of Shareholders

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BEIJING, Jan. 29, 2021 — China Distance Education Holdings Limited (NYSE: DL) (the "Company"), a leading provider of online education and value-added services for professionals and corporate clients in China, today announced that it has called an extraordinary general meeting of shareholders (the "EGM") to be held on February 26, 2021 at 10:00 AM (Beijing Time) at the Company’s offices at 18th Floor, Xueyuan International Tower, 1 Zhichun Road, Haidian District, Beijing 100083, People’s Republic of China for the Company’s shareholders to consider and vote upon a proposal to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement") dated December 1, 2020, by and among the Company, Champion Distance Education Investments Limited ("Parent"), and China Distance Learning Investments Limited ("Merger Sub"), a wholly-owned subsidiary of Parent; the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the "Plan of Merger"); and the transactions contemplated by the Merger Agreement and the Plan of Merger (the "Transactions"), including the Merger (as defined below).

If the Merger is approved by the Company’s shareholders at the EGM, subject to the terms and conditions of the Merger Agreement and the Plan of Merger, at the effective time of the Merger, Merger Sub will merge with and into the Company and Company will be the surviving company in the Merger and will continue its operations as a privately-held, wholly-owned subsidiary of Parent (the "Merger"). If the Merger is completed, the American depositary shares (the "ADSs") of the Company, each of which represents four ordinary shares ("Ordinary Shares") of the Company, will no longer be listed on The New York Stock Exchange and the ADS program will terminate. In addition, the ADSs and the Ordinary Shares will cease to be registered under Section 12 of the Securities Exchange Act of 1934.

The Company’s board of directors (the "Board"), acting upon the unanimous recommendation of a special committee of independent and disinterested directors established by the Board, authorized and approved the execution, delivery, and performance of the Merger Agreement; the Plan of Merger; and the consummation of the Transactions, including the Merger. The Board has recommended that holders of the ADSs and Ordinary Shares vote FOR, among other things, the proposal to authorize and approve the Merger Agreement; the Plan of Merger; and the Transactions, including the Merger.

Holders of record of Ordinary Shares as of the close of business in the Cayman Islands on February 15, 2021 will be entitled to attend and vote at the EGM and any adjournment thereof in person or by proxy. Holder of ADSs as of the close of business in New York City on January 29, 2021 will be entitled to instruct Deutsche Bank Trust Company Americas, as ADS depositary, to vote the Ordinary Shares represented by the ADSs at the EGM.

Additional information regarding the EGM, the Merger Agreement; the Plan of Merger; and the Transactions, including the Merger, can be found in a Schedule 13E-3 transaction statement (the "Schedule 13E-3"), which includes a proxy statement attached as Exhibit (a)–(1) thereto (the "Proxy Statement"), filed by the Company and the other filing persons named therein with the Securities and Exchange Commission ("SEC") on January 29, 2021.  The full Schedule 13E-3 and the exhibits thereto, including the Proxy Statement, are available at the SEC’s website (http://www.sec.gov). In addition, the Company will mail a copy of the Proxy Statement to holders of ADSs and holders of record of Ordinary Shares.

Holders of ADSs and holders of record of Ordinary Shares are urged to read carefully and in their entirety the Schedule 13E-3, and in particular the Proxy Statement, and any other materials related thereto that may be filed with or furnished to the SEC, as they contain important information about the Company; the Merger Agreement; the Plan of Merger; and the Transactions, including the Merger.

The Company and certain of its directors, executive officers, and other members of management and employees may, under rules of the SEC, be deemed to be "participants" in the solicitation of proxies from the Company’s shareholders with respect to the EGM. Information regarding the persons who may be considered "participants" in the solicitation of proxies is set forth in the Proxy Statement.

This announcement is not a solicitation of a proxy, an offer to purchase, or a solicitation of an offer to sell any securities and it is not a substitute for the Schedule 13E-3, including the Proxy Statement, or other filings that may be made with the SEC in connection with the EGM; the Merger Agreement; the Plan Merger; and the Transactions, including the Merger.

Safe Harbor Statement

This announcement contains forward-looking statements. Any such statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "may," "should," "potential," "continue," "expect," "predict," "anticipate," "future," "intend," "plan," "believe," "is/are likely to," "estimate," and similar statements. The Company may also make written or oral forward-looking statements in its periodic and annual reports to the SEC, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Risks and uncertainties include the possibility that the Merger will not occur as planned if events arise that result in the termination of the Merger Agreement, if one or more of the various closing conditions to the Merger are not satisfied or waived, or if requisite shareholder approval is not obtained at the EGM, and other risks and uncertainties regarding the Merger Agreement and the Merger that are discussed in the Proxy Statement. The Company does not undertake any obligation to update any forward-looking statement or other information included in this press release, except as may be required by applicable law.

About China Distance Education Holdings Limited

China Distance Education Holdings Limited is a leading provider of online education and value-added services for professionals and corporate clients in China. The courses offered by the Company through its websites are designed to help professionals seeking to obtain and maintain professional licenses and to enhance their job skills through our professional development courses in China in the areas of accounting, healthcare, engineering & construction, legal and other industries. The Company also offers online test preparation courses for self-taught learners pursuing higher education diplomas or degrees, and practical accounting training courses for college students and working professionals. In addition, the Company provides business services to corporate clients, including but not limited to tax advisory and accounting outsourcing services. For further information, please visit http://ir.cdeledu.com.

Contacts:

In China:

China Distance Education Holdings Limited
Jiao Jiao
Tel: +86-10-8231-9999 ext. 1826
Email: IR@cdeledu.com

The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: dl@tpg-ir.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1 212-481-2050
Email: dl@tpg-ir.com

 

PR Newswire

Consortium Including Tencent Music Entertainment Group Completes Acquisition of Additional Equity Interests in Universal Music Group

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SHENZHEN, China, Jan. 29, 2021 — Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE:TME), the leading innovative online music entertainment platform in China, today announced that a consortium (the "Consortium"), which is led by Tencent Holdings Limited (00700.HK) and comprising the Company (through one of its wholly-owned subsidiaries) and other co-investors, has completed the acquisition of an additional 10% equity stake (the "Transaction") in Universal Music Group ("UMG") from its parent company, Vivendi SE (VIV.PA) ("Vivendi"), through exercising the call option as announced in December 2020. The Transaction was based on the same enterprise value of EUR30 billion for 100% of UMG’s share capital as in the initial acquisition that closed in March 2020.

Upon the closing of the Transaction, the Consortium’s equity ownership in UMG increased to 20% and TME will continue to have a 10% equity interest in the Consortium.

The Transaction reiterates the significance of UMG’s vast content library, and the unique value creation opportunities combining it with TME’s massive user base, profound user insights and exceptional promotional capabilities. TME is confident that the Transaction will further enhance its extensive engagement with UMG, setting a new benchmark for a mutually beneficial collaboration while propelling the prosperity of the music industry.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME) is the leading online music entertainment platform in China, operating the country’s highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. Tencent Music’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. Tencent Music’s platform comprises online music, online karaoke and music-centric live streaming services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com. 

About Universal Music Group

Universal Music Group (UMG) is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content in more than 60 countries. Featuring the most comprehensive catalog of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. Universal Music Group is a Vivendi company.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact
Tencent Music Entertainment Group
ir@tencentmusic.com
+86 (755) 8601-3388 ext. 883606

Related Links :

http://ir.tencentmusic.com

PR Newswire

Ericsson reports fourth quarter and full-year results 2020

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STOCKHOLM, Jan. 29, 2021 — 

Fourth quarter highlights           

  • Sales adjusted for comparable units and currency grew by 13% YoY mainly driven by sales in North East Asia, Europe and North America. Reported sales were SEK 69.6 (66.4) b.   
  • Gross margin excluding restructuring charges improved to 40.6% (37.1%) with margin improvements in all segments. Reported gross margin improved to 40.6% (36.8%).
  • Operating income excluding restructuring charges improved to SEK 11.0 b. (15.8% operating margin) from SEK 6.5 b. (9.7% operating margin) mainly driven by Networks. Reported operating income was SEK 11.0 (6.1) b.           
  • Networks sales increased by 20% YoY, adjusted for comparable units and currency. Operating margin excluding restructuring charges was 21.5% (14.5%).         
  • Reported net income was SEK 7.2 (4.5) b.         
  • Free cash flow before M&A was SEK 12.8 (-1.9) b. Q4 2019 included a payment of SEK 10.1 b. related to the resolution of the US SEC and DOJ investigations. Net cash Dec 31, 2020, was SEK 41.9 (34.5) b. 

Full-year highlights      

  • Sales adj. for comp. units and currency grew by 5%, with Networks growing by 10%. Reported sales increased by 2% to SEK 232.4 b.
  • Gross margin excl. restructuring charges was 40.6% (37.5%), with improvements in all segments.
  • Reported operating income improved to SEK 27.8 (10.6) b.           
  • Reported net income was SEK 17.6 (1.8) b.     
  • Free cash flow before M&A amounted to SEK 22.3 (7.6) b. Full-year 2019 included a payment of SEK 10.1 b. related to the resolution of the US SEC and DOJ investigations.          
  • The Board of Directors will propose a dividend for 2020 of SEK 2.00 (1.50) per share to the AGM.

Planning assumptions highlights (please see the quarterly report for complete planning assumptions)      

  • Three-year average reported sales seasonality between Q4 and Q1 is -24%; however, the seasonal effect may be somewhat less pronounced due to 5G deployment in some of Ericsson’s markets.

SEK b.

                                   

Q4 2020

QA 2019

Yoy change

 Q4 2020

    QoQ change

Jan-Dec  2020

Jan-Dec 2019

                YoY  
                                  change                    

                                   

Net sales

 

69.6

 

66.4

 

5%

 

57.5

 

21%

 

232.4

 

227.2

 

 

2%

                                   

Sales growth adj. for comparable units and currency 

 

–

 

–

 

13%

 

–

 

–

 

–

 

–

 

 

5%

                                   

Gross margin 

 

40.6%

 

36.8%

 

–

 

43.1%

 

–

 

40.3%

 

37.3%

 

–

 

                                   

Operating income (loss) 

 

11.0

 

6.1

 

80%

 

8.6

 

27%

 

27.8

 

10.6

 

 

163%

                                   

Operating margin 

 

15.8%

 

9.2%

 

–

 

15.0%

 

–

 

12.0%

 

4.6%

 

–

 

                                   

Net income (loss) 

 

7.2

 

4.5

 

60%

 

5.6

 

29%

 

17.6

 

1.8

 

–

 

                                   

EPS diluted, SEK 

 

2.26

 

1.33

 

70%

 

1.61

 

40%

 

5.26

 

0.67

 

–

 

                                   


Measures excl. restructuring charges and other items affecting comparability[1]

                                   

Gross margin excluding restructuring charges 

 

40.6%

 

37.1%

 

–

 

43.2%

 

–

 

40.6%

 

37.5%

 

–

 

                                   

Operating income excl. restr. charges & items affecting compar. in 2019[2] 

 

11.0

 

5.7

 

92%

 

9.0

 

23%

 

29.1

 

22.1

 

 

32%

                                   

Operating margin excl. restr. charges & items affecting compar. in 2019[2] 

 

15.8%

 

8.6%

 

–

 

15.6%

 

–

 

12.5%

 

9.7%

 

–

 

                                   

Free cash flow before M&A 

 

12.8

 

-1.9

 

–

 

3.9

 

–

 

22.3

 

7.6

 

 

192%

                                   

Net cash, end of period 

 

41.9

 

34.5

 

21%

 

41.5

 

1%

 

41.9

 

34.5

 

21%

 

[1]Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statements.

[2]Operating income excludes restructuring charges in all periods and cost provisions related to the resolution of the SEC and DOJ investigations of SEK -11.5 b. in Q3 2019 as well as a partial release of the same provision of SEK 0.7 b. in Q4 2019.

Comments from Börje Ekholm, President and CEO of Ericsson (NASDAQ:ERIC)

As we navigate through the pandemic, health and well-being of our colleagues, customers and partners is our number one priority. Despite the challenges, our people continued to deliver and to serve our customers with very limited disturbances. Our R&D investments have continued to drive both technology leadership and cost efficiency which have led to increased market share and improved financial performance. We are today a leader in 5G with 127 commercial contracts and 79 operating networks around the world. Organic[1] sales grew by 5% for the full year. Our operating margin[2] of 12.5% (5.0%) exceeded our 2020 target and reached the 2022 Group target range two years early.

Networks sales grew organically[1] by 20%, reporting a gross margin[2] of 43.5% (41.1%) for Q4. This reflects continued high activity levels in North America and North East Asia, and also in Europe where we further increased market share. Networks delivered an operating margin[2] of 19% for full-year 2020 – well above the 15%-17% target. Investing in R&D is fundamental to our strategy. Since 2017 we have increased R&D investment by SEK 10 b. and delivered SEK 16 b. of improved operating income. Our growth during 2020 is built on a strong and competitive 5G portfolio.

Digital Services gross margin[2] grew to 41.0% (38.1%) in Q4. From 2017 to 2020, gross margin excluding restructuring charges and items affecting comparability increased from 29% to 42%, as a result of streamlined product portfolio, fewer critical contracts, a growing portion of software sales and lower service delivery costs. We continue to execute on the turnaround plan and the operating income[2] of SEK 0.5 b. in Q4 is the best quarterly result to date. The cloud-native 5G portfolio has a high win ratio and significant new customer contracts will start to generate revenues during the next 12-18 months. By selective R&D investments to accelerate our growth portfolio, we aim to capture further opportunities.

Managed Services delivered a gross margin[2] of 17.7% (15.4%) in Q4. Sales declined on operator consolidation in the US during 2020. The full-year 2020 operating margin[2] was 8.1% – above the 5%-8% target. We expect the margin profile to improve further with increasing sales of our Operations Engine with its high value-added services, driven by R&D investments in AI and automation. We see increasingly positive response from customers to our new portfolio.

Emerging Business and Other sales are growing in enterprise offerings such as IoT Platforms, complemented by the acquisition of Cradlepoint. Gross margin[2] improved to 33.8% (15.1%) driven by operational leverage from growth and lower cost as a result of the exited Edge Gravity business. Cradlepoint drives new revenues for mobile service providers and strengthens our position in the 5G enterprise market, alongside our existing Dedicated Networks and IoT portfolio. The underlying business in Cradlepoint develops according to plan. However, reported sales and costs for Cradlepoint are impacted by purchase price allocations and during 2021 our operating margin is expected to be negatively impacted by approximately -1 percentage point due to amortization of intangibles and increased cost for market expansion.

Free cash flow before M&A was SEK 22.3 (7.6) b. in full-year 2020. The Board will propose a dividend of SEK 2.00 (1.50) per share to the AGM, underlining the confidence in Ericsson’s business and financial position. In this context it is worth noting that we decided early on not to apply for any pandemic-related government support.

Patent licensing revenues for the full year amounted to SEK 10 b. As communicated in December, we are approaching important contract renewals, which could negatively impact 2021 and 2022 earnings (see planning assumptions on operating income, page 6). We are confident in the long-term value of our patent portfolio, including a strong position in 5G. We will seek to maximize the net present value of this portfolio, established over many years on the back of R&D investments. The IPR standardization framework, based on FRAND terms, underpins the interoperability of global wireless communications with more than 8 billion mobile subscriptions.

The pandemic has fast forwarded the digitalization of societies, including remote working, by months if not years. A resilient digital infrastructure is critical. We see more signs that countries and enterprises see 5G as a key access technology, with increasing deployment speed in Australia, the Middle East, North East Asia and the US. The pandemic has exposed the digital divide and rapid deployment of 5G is a fast way to bridge the divide.

The Swedish telecom regulator’s decision to exclude Chinese vendors from 5G networks may create exposure for our operations in China. Our business in 180 markets today has been built on free trade and open, competitive markets. This has also ensured the development of a single global standard for mobile communication. It is critical that responses to the geopolitical situation safeguard the extraordinary value associated with those operating standards for 5G and beyond.

During 2020 we further reinforced our strong commitment to ethics and compliance. We increased the investment with the recruitment of additional dedicated resources and the deployment of new or revised processes and controls. As a vital cornerstone, we put focus on establishing a durable ethical culture that is built on individual accountability for responsible business practices. The ongoing independent monitorship is providing valuable contributions to achieving our ambition.

Long-term business fundamentals remain strong and we will continue to invest in further strengthening our portfolio and growing our global footprint. While we expect temporary negative impact during 2021 from IPR renewals, Cradlepoint and investments to strengthen our long-term business, we remain fully committed to the 2022 target as a milestone towards the long-term EBITA[3] target of 15%-18%.

I want to take this opportunity for a shout out to all my colleagues who have turned the business around including delivering on customer commitments during a raging pandemic. I’m proud to be part of this team!

Stay healthy and well.

Börje Ekholm
President and CEO

[1]Sales adjusted for comparable units and currency

[2]Excluding restructuring charges

[3]Excluding restructuring charges and amortization of intangible assets

NOTES TO EDITORS

You find the complete report with tables in the attached PDF or by following this link  https://www.ericsson.com/assets/local/investors/documents/financial-reports-and-filings/interim-reports-archive/2020/12month20-en.pdf  or on www.ericsson.com/investors

Conference call for analysts, investors and journalists

President and CEO Börje Ekholm and CFO Carl Mellander will comment on the report and take questions. The conference call will begin at 9:00 AM CET (8:00 AM GMT London, 3:00 AM EST New York).

To join the conference call, please phone one of the following numbers:

Sweden: +46 (0)8 566 426 51 (Toll-free Sweden: 0200 883 685)

International/UK: +44 (0)333 300 0804 (Toll-free UK: 0800 358 9473)

US: +1 631 913 1422 (Toll-free US: +1 855 85 70686)

PIN code: 39453485#

Please call in at least 15 minutes before the conference call starts.

A live audio webcast of the conference call will be available at www.ericsson.com/investors.

A replay of the conference call will be available from about one hour after the conference call has ended until February 5, 2021.

Sweden replay number: +46 (0)8 519 993 85

International replay number: +44 (0)333 300 0819

US replay number: +1 (866) 931 1566

PIN code: 301335799#

FOR FURTHER INFORMATION, PLEASE CONTACT

Contact person

Peter Nyquist, Head of Investor Relations
Phone: +46 705 75 29 06
E-mail: peter.nyquist@ericsson.com

Additional contacts

Stella Medlicott, Senior Vice President, Marketing and Corporate Relations
Phone: +46 730 95 65 39
E-mail: media.relations@ericsson.com

Investors

Lena Häggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail:  lena.haggblom@ericsson.com

Stefan Jelvin, Director, Investor Relations
Phone: +46 709 86 02 27
E-mail: stefan.jelvin@ericsson.com

Media

Peter Olofsson, Head of Corporate Communications
Phone: +46 702 67 34 45
E-mail: media.relations@ericsson.com

Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 AM CET on January 29, 2021.

This information was brought to you by Cision http://news.cision.com

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Ericsson fourth quarter and full year report 2020