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Notice convening the Annual General Meeting of AB Electrolux

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STOCKHOLM, Feb. 15, 2021 — The shareholders of AB Electrolux, reg. no. 556009-4178, are hereby given notice of the Annual General Meeting to be held on Thursday, March 25, 2021.

Due to the coronavirus, the Board of Directors has decided that the Annual General Meeting should be conducted without the physical presence of shareholders, representatives or third parties and that the shareholders before the meeting should be able to exercise their voting rights only by post. Information on the resolutions passed at the meeting will be disclosed on March 25, 2021, as soon as the outcome of the postal voting has been finally confirmed.

Registration and notification

A person who wishes to participate in the Annual General Meeting by postal voting must           

  • be listed as a shareholder in the presentation of the share register prepared by Euroclear Sweden AB concerning the circumstances on Wednesday, March 17, 2021, and           
  • give notice of intent to participate no later than on Wednesday, March 24, 2021, by casting its postal votes in accordance with the instructions under the heading Postal voting below so that the postal voting form is received by Euroclear Sweden AB no later than that day.

In order to be entitled to participate in the meeting, a shareholder whose shares are registered in the name of a nominee must, in addition to giving notice of participation in the Annual General Meeting by submitting its postal vote, register its shares in its own name so that the shareholder is listed in the presentation of the share register as of the record date Wednesday, March 17, 2021. Such re-registration may be temporary (so-called voting rights registration), and request for such voting rights registration shall be made to the nominee, in accordance with the nominee’s routines, at such time in advance as decided by the nominee. Voting rights registration that have been made by the nominee no later than Friday, March 19, 2021 will be taken into account in the presentation of the share register.

Postal voting

The Board of Directors has decided that shareholders should be able to exercise their voting rights only by postal voting in accordance with section 22 of the Act (2020:198) on temporary exceptions to facilitate the execution of general meetings in companies and other associations. A special form must be used for the postal vote. The form for postal voting is available on the Group’s website www.electroluxgroup.com/agm2021. Completed and signed forms for postal voting can be sent by mail to AB Electrolux (publ), c/o Euroclear Sweden, Box 191, SE-101 23 Stockholm, Sweden or by e-mail to GeneralMeetingService@euroclear.com. Completed forms must be received by Euroclear no later than March 24, 2021. Shareholders who are natural persons may also cast their votes electronically through verification with BankID via the Euroclear Sweden AB’s website https://anmalan.vpc.se/EuroclearProxy. Such electronic votes must be submitted no later than March 24, 2021. The shareholders may not provide special instructions or conditions to the postal vote. If so, the entire postal vote is invalid. Further instructions and conditions can be found in the postal voting form and at https://anmalan.vpc.se/EuroclearProxy.

Powers of attorney

If the shareholder submits its postal vote by proxy, a written and dated Power of Attorney signed by the shareholder must be attached to the postal voting form. Proxy forms are available on the Group’s website www.electroluxgroup.com/agm2021. If the shareholder is a legal person, a registration certificate or other authorization document must be attached to the form.

Shareholders’ right to receive information

The Board of Directors and the President and CEO shall, if any shareholder so requests and the Board of Directors believes that it can be done without material harm to the company, provide information regarding circumstances that may affect the assessment of an item on the agenda and circumstances that may affect the assessment of the company’s or its subsidiaries’ financial situation and the company’s relation to other companies within the Group. A request for such information shall be made in writing to the company no later than ten days prior to the Annual General Meeting, i.e. no later than March 15, 2021, at the address of AB Electrolux (publ), General Counsel, 105 45 Stockholm, Sweden or by e-mail at agm@electrolux.com. The questions and responses will be made available on the Group’s website www.electroluxgroup.com/agm2021, together with a webcast with the Chairman and the CEO including their reflections on 2020, no later than March 20, 2021. The questions and answers will also be available at the company’s head office, S:t Göransgatan 143 in Stockholm, Sweden on the same date. The information is also sent to the shareholders who requested it and stated their address.

Agenda

1.       Election of Chairman of the Meeting.

2.       Election of two minutes-checkers.

3.       Preparation and approval of the voting list.

4.       Approval of the agenda.

5.       Determination as to whether the meeting has been properly convened.

6.       Presentation of the Annual Report and the Audit Report as well as the Consolidated Accounts and the Audit Report for the Group.

7.       Resolution on adoption of the Income Statement and the Balance Sheet as well as the Consolidated Income Statement and the Consolidated Balance Sheet.

8.       Resolution on discharge from liability of the Directors and the President for 2020.

9.       Resolution on dispositions in respect of the company’s profit pursuant to the adopted Balance Sheet and determination of record dates for dividend.

10.     Determination of the number of Directors and Deputy Directors.

11.     Determination of fees to the Board of Directors and the Auditor.

12.     Election of Board of Directors and Chairman of the Board of Directors.            

  1. a)      Election of Staffan Bohman as Director. (re-election)
                b)      Election of Petra Hedengran as Director. (re-election)           
  2. c)      Election of Henrik Henriksson as Director. (re-election)           
  3. d)      Election of Ulla Litzén as Director. (re-election)
                e)      Election of Karin Overbeck as Director. (re-election)
                f)       Election of Fredrik Persson as Director. (re-election)
                g)      Election of David Porter as Director. (re-election)
                h)      Election of Jonas Samuelson as Director. (re-election)
                i)       Election of Staffan Bohman as Chairman. (re-election)

13.     Election of Auditor. (re-election)

14.     Resolution on approval of Remuneration Report.

15.     Resolution on implementation of a performance based, long-term share program for 2021.

16.     Resolutions on
a)      acquisition of own shares, and
b)      transfer of own shares on account of company acquisitions.
 

Item 1 – Election of Chairman of the Meeting

The Electrolux nomination committee, consisting of the Chairman Johan Forssell, Investor AB, and the members Carina Silberg, Alecta, Marianne Nilsson, Swedbank Robur funds, and Tomas Risbecker, AMF – Försäkring och Fonder, Staffan Bohman and Fredrik Persson, Chairman and Director, respectively, of the Board of Directors of the company, proposes:           

  • Björn Kristiansson, member of the Swedish Bar Association, as chairman of the Annual General Meeting or in the event he is prevented from participating, the person appointed by the Board of Directors.

Item 2 – Election of two minutes-checkers

The Board of Directors proposes Ramsay Brufer, Alecta, and Anders Oscarsson, AMF, or if one or both of them are prevented from participating, the person(s) appointed by the Board of Directors, to check the minutes. The assignment to check the minutes also include checking the voting list and that the received postal votes are correctly reflected in the minutes of the meeting.

Item 3 – Preparation and approval of the voting list

The voting list proposed to be approved is the voting list prepared by Euroclear Sweden AB on behalf of the company, based on the General Meeting share register and received postal votes, controlled and checked by the persons assigned to check the minutes.

Item 9 – Dividend and record dates

The Board of Directors proposes a dividend for the fiscal year 2020 of SEK 8.00 per share. The dividend is proposed to be paid in two equal installments of SEK 4.00 per installment and share, the first with the record date Monday, March 29, 2021, and the second with the record date Wednesday, September 29, 2021. Subject to resolution by the General Meeting in accordance with this proposal, the first installment of dividend is expected to be distributed by Euroclear Sweden AB on Thursday, April 1, 2021 and the second installment on Monday, October 4, 2021.

Item 10 – Number of Directors

The nomination committee proposes:           

  • Eight Directors and no Deputy Directors.

Item 11 – Fees to the Board of Directors and the Auditor

The nomination committee proposes Directors’ fees as follows:            

  • SEK 2,285,000 to the Chairman of the Board of Directors and SEK 665,000 to each of the other Directors appointed by the Annual General Meeting not employed by Electrolux; and           
  • for committee work, to the members who are appointed by the Board of Directors: SEK 290,000 to the Chairman of the audit committee and SEK 185,000 to each of the other members of the committee and SEK 170,000 to the Chairman of the remuneration committee and SEK 115,000 to each of the other members of the committee.

The Nomination Committee also proposes that the Auditor’s fee be paid as incurred, for the Auditor’s term of office, on approved account.

Item 12 – Election of the Board of Directors and Chairman of the Board

The nomination committee proposes:           

  • Re-election of Directors Staffan Bohman, Petra Hedengran, Henrik Henriksson, Ulla Litzén, Karin Overbeck, Fredrik Persson, David Porter and Jonas Samuelson.           
  • Re-election of Staffan Bohman as Chairman of the Board of Directors.

Item 13 – Election of Auditor

The Nomination Committee proposes, in accordance with the recommendation by the Audit Committee, re-election of the audit firm Deloitte AB as the company’s auditor for the period until the end of the 2022 Annual General Meeting.

Item 14 – Approval of Remuneration Report

The Board of Directors proposes that the Annual General Meeting resolves to approve the Board of Directors’ report on remuneration pursuant to Chapter 8, Section 53 a of the Swedish Companies Act.

Item 15 – Implementation of a performance based long-term share program for 2021

The Board of Directors has decided to propose a long-term incentive program for 2021. The Board is convinced that the proposed program will be beneficial to the company’s shareholders as it will contribute to the possibilities to recruit and retain competent employees, is expected to increase the commitment and the motivation of the program participants and will strengthen the participants’ ties to the Electrolux Group and its shareholders.

The Board of Directors proposes, in view of the above, that the Annual General Meeting resolves to implement a performance based, long-term share program for 2021 (the "Share Program 2021") with the following principal terms and conditions:           

a.   The program is proposed to include up to 350 senior managers and key employees of the Electrolux Group, who are divided into six groups; the President and CEO ("Group 1"), other members of Group Management ("Group 2"), and four additional groups for other senior managers and key employees ("Group 3-6"). Invitation to participate in the program shall be provided by Electrolux no later than on May 17, 2021.            

b.   Participants are offered to be allocated Performance Shares, provided that the participant remains employed until January 1, 2024. Exemptions to this requirement may be prescribed in specific cases, including a participant’s death, disability, retirement or the divestiture through a sale, spin-off or otherwise of the participant’s employing company from the Electrolux Group.           

c.    The Performance Shares shall be based on maximum performance values for each participant category. The maximum performance value for the participants in Group 1 will be 100 per cent of the participant’s annual base salary for 2021, for participants in Group 2, 90 per cent of the participant’s annual base salary for 2021, for participants in Group 3, 80 per cent of the participant’s annual base salary for 2021, for participants in Group 4, 60 per cent of the participant’s annual base salary for 2021, for participants in Group 5, 50 per cent of the participant’s annual base salary for 2021, and for participants in Group 6, 40 per cent of the participant’s annual base salary for 2021. The total sum of the maximum values of the Performance Shares thus defined for all participants will not exceed SEK 380m excluding social costs.           

d.   Each maximum value shall thereafter be converted into a maximum number of Performance Shares[1], based on the average closing price paid for Electrolux B-shares on Nasdaq Stockholm during a period of ten trading days before the day the participants are invited to participate in the program, reduced by the present value of estimated dividend payments for the period until shares are allotted.            

e.    The calculation of the number of Performance Shares shall be connected to performance targets for the Group established by the Board for (i) earnings per share, (ii) return on net assets,[2] and (iii) CO2 reduction[3]. The performance targets adopted by the Board will stipulate a minimum level and a maximum level, with the relative weight of the performance targets (i), (ii) and (iii) being 60 per cent, 20 per cent and 20 per cent respectively.           

f.    The performance period is the financial year 2021 with respect to performance targets (i) and (ii) and the financial years 2021-2023 with respect to performance target (iii). Performance outcome of the established performance targets will be determined by the Board after the expiry of the performance period for the respective performance target. If the maximum performance level is reached or exceeded, the allocation will amount to (and will not exceed) the maximum number of Performance Shares following from c) and d). If performance is below the maximum level but exceeds the minimum level, a proportionate allocation of shares will be made. No allocation will be made if performance amounts to or is below the minimum level. Information on the performance targets and the outcome will be provided no later than in connection with the allocation of Performance Shares in accordance with h).           

g.    The total award of Performance Shares may never exceed one (1) per cent of the total number of shares in Electrolux. If required, allotments shall be reduced to ensure that this dilution cap is observed.           

h.   If all conditions in the Share Program 2021 are met, allocation of Performance Shares will take place in the first half of 2024. Allocation will be free of charge except for tax liabilities.            

i.     Certain deviations in or adjustments of the terms and conditions for the Share Program 2021 may be made based on local rules and regulations as well as applicable market practice or market conditions or where appropriate due to group re-organizations, including cash settlement instead of delivery of shares under certain circumstances.           

j.     The Board of Directors, or a committee established by the Board for these purposes, shall be responsible for the preparation and management of the Share Program 2021, within the framework of the aforementioned terms and conditions.           

k.   If material changes would occur within the Electrolux Group or on the market that, according to the Board’s assessment, would lead to the conditions for allocation of Performance Shares no longer being reasonable, the Board will have the right to make also other adjustments of the Share Program 2021, including e.g. a right to resolve on a reduced allotment of shares.

Costs for the Share Program 2021

The total costs for the Share Program 2021 if the maximum number of Performance Shares are delivered, are estimated to a maximum of SEK 411m, which corresponds to approximately 2.2 per cent of total employment cost for 2020. The costs will be recognized over the years 2021-2023. The costs have been calculated as the sum of salary costs, including social costs, and administration costs for the program. Administration costs are estimated to be less than SEK 1m. If no allotment of shares is made, only administration costs will arise.

The costs have been calculated based on the value, at the start of the program, of the Performance Shares that may be allotted at maximum performance, with a reduction of the present value of estimated dividend payments during a three-year period. The estimate on maximum costs assumes maximum performance and that the number of participants that will leave the Group during the performance period is the same as the historical average since the introduction of share programs in 2004. In the calculation, a maximum share price of SEK 268 per share has been applied. 

If repurchased shares are allocated under the program the number of outstanding shares is estimated to increase with not more than 2,753,000 B-shares.[4] Such maximum increase would have a dilutive effect on earnings per share of approximately 0.95 per cent. The total maximum increase in the number of outstanding shares of all outstanding share programs is estimated to not more than 4,492,000 B-shares, corresponding to a dilutive effect on earnings per share of approximately 1.54 per cent. In this calculation, maximum allotment of shares has been assumed for Share Program 2021 and expected allotment has been assumed for the share programs for 2019 and 2020.

Hedging measures for the Share Program 2021

The Board of Directors does not currently propose any method for securing the undertakings under the Share Program 2021. Delivery of Performance Shares in accordance with the terms of the Share Program 2021 will take place in 2024.

Preparation of the proposal for the Share Program 2021

The proposal regarding the Share Program 2021 has been prepared by the Remuneration Committee and the Board of Directors.

Previous incentive programs in Electrolux

For a description of the company’s other share related incentive programs, reference is made to the Annual Report for 2020, note 27, and the company’s website, www.electroluxgroup.com. In addition to the programs described, no other share related incentive programs have been implemented in Electrolux.

Item 16 – Acquisition and transfer of own shares

Electrolux has previously, on the basis of authorizations by the Annual General Meetings, acquired own shares for the purpose of using these shares to finance potential company acquisitions and as a hedge for the company’s share related incentive programs. As of January 1, 2021, Electrolux held 21,522,858 own B shares, corresponding to approximately 7.0 per cent of the total number of shares in the company.

The Board of Directors makes the assessment that it continues to be advantageous for the company to be able to adapt the company’s capital structure, thereby contributing to increased shareholder value, and to continue to be able to use repurchased shares on account of potential company acquisitions and the company’s share related incentive programs.

In view of the above, the Board of Directors proposes as follows.

A.      Acquisition of own shares

The Board of Directors proposes the Annual General Meeting to authorize the Board of Directors, for the period until the next Annual General Meeting on one or several occasions, to resolve on acquisitions of shares in the company as follows.

1. The company may acquire as a maximum so many B shares that, following each acquisition, the company holds at a maximum 10 per cent of all shares issued by the company.

2. The shares may be acquired on Nasdaq Stockholm.

3. Acquisition of shares may only be made at a price per share at each time within the prevailing price interval for the share.

4. Payment for the shares shall be made in cash.

The purpose of the proposal is to be able to use repurchased shares on account of potential company acquisitions and the company’s share related incentive programs, and to be able to adapt the company’s capital structure, thereby contributing to increased shareholder value.

The Board of Directors has issued a statement pursuant to Chapter 19, Section 22 of the Swedish Companies Act.

B.      Transfer of own shares on account of company acquisitions

The Board of Directors proposes the Annual General Meeting to authorize the Board of Directors, for the period until the next Annual General Meeting on one or several occasions, to resolve on transfers of the company’s own shares in connection with or as a consequence of company acquisitions as follows.

1. Own B shares held by the company at the time of the Board of Director’s decision may be transferred.

2. The shares may be transferred with deviation from the shareholders’ preferential rights.

3. Transfer of shares may be made at a minimum price per share corresponding to an amount in close connection with the price of the company’s shares on Nasdaq Stockholm at the time of the decision on the transfer.

4. Payment for the transferred shares may be made in cash, by contributions in kind or by a set-off of company debt.

Majority requirement

In order for the resolutions by the General Meeting in accordance with the Board of Directors’ proposals under item 16 above to be valid, the resolutions must be accepted by shareholders holding no less than two thirds of the votes cast as well as the shares represented at the General Meeting.

Shares and votes

There are in total 308,920,308 shares in the company of which, as of February 15, 2021, 8,192,539 are A shares, each carrying one vote, and 300,727,769 are B shares, each carrying one-tenth of a vote, corresponding to in total 38,265,315.9 votes. As of the same date the company holds 21,522,858 own B shares, corresponding to 2,152,285.8 votes that may not be represented at the General Meeting.

Processing of personal data

For information on how your personal data is processed, see
https://www.euroclear.com/dam/ESw/Legal/Privacy_notice_BOSS_final_30112020.pdf

Documents

The Board of Directors’ complete proposals are set out above. Information about persons proposed as members of the Board of Directors of Electrolux, information about proposed Auditor and the Nomination Committee’s statement etc., can be found on the company’s website, www.electroluxgroup.com/agm2021.The Annual Report (including the Board of Directors’ statement pursuant to Chapter 18, Section 4 of the Swedish Companies Act relating to the proposal under item 9 above), the Auditor’s Report, the Auditor’s statement pursuant to Chapter 8, Section 54 of the Swedish Companies Act regarding the remuneration guidelines for the group management, the Remuneration Report pursuant to Chapter 8, Section 53 a of the Swedish Companies Act, and the Board of Directors’ statement pursuant to Chapter 19, Section 22 of the Swedish Companies Act relating to the proposal under item 16 a) above will be available at the company, AB Electrolux, S:t Göransgatan 143, SE105 45 Stockholm, Sweden and on the Group’s website, www.electroluxgroup.com/agm2021, as from February 25, 2021. The documents are presented by being available at the company and on the Group’s website. They will also be sent to shareholders who so request and state their address. In other respects, complete proposals are provided under the respective item in this notice. The general meeting share register will be available at the company’s head office, S:t Göransgatan 143, Stockholm, Sweden.

Stockholm in February 2021
AB Electrolux (publ)
THE BOARD OF DIRECTORS

[1] With a possibility for the Board of Directors to make adjustments for extraordinary events such as bonus issue, split, rights issue and/or other similar events.

[2] With a possibility for the Board of Directors to make adjustments to (i) and (ii) for extraordinary events.

[3] The CO2 reduction target refers to greenhouse gas reductions within the following three areas: (i) operations, (ii) energy from product use, and (iii) use of hydrofluorocarbons (HFCs), and will be measured on selected predefined product categories and regions.

[4] With a possibility for the Board of Directors to make adjustments for extraordinary events such as bonus issue, split, rights issue and/or other similar events.

CONTACT:

For further information, please contact:

Sophie Arnius, Head of Investor Relations, +46 70 590 80 72

Electrolux Press Hotline, +46 8 657 65 07

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PR Newswire

Guardforce AI Announces Acquisition of Handshake

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NEW YORK, Feb. 4, 2021 — Guardforce AI Co., Ltd (OTC Pink: GRDAF) ("Guardforce AI"), an integrated security solutions provider in Asia, announced today that it has acquired a majority stake in information security consultants Handshake Networking Ltd ("Handshake"), a Hong Kong-based company specializing in penetration testing.

Established in 2004, Handshake offers a wide variety of information security consultancy services, including penetration testing and vulnerability assessment, information systems audit, consultancy, computer forensics and security awareness training.

This acquisition follows a strategic partnership that Guardforce AI established in November 2020 to launch GFAI RECON "powered by" Handshake, a dedicated cyber risk assessment service to help small- and medium-sized enterprises, corporate clients, schools, hospitals and other companies identify and detect vulnerabilities in their networks.

Terence Yap, Chairman of Guardforce AI commented: "The acquisition of Handshake is part of Guardforce AI’s transformation journey towards providing customers in Asia-Pacific with premium technology-powered services. The proliferation of Internet of Things (IoT) devices and the rise in popularity of online shopping and transactions has exponentially increased everyone’s need for better cybersecurity, so we are delighted to build on our existing successful strategic partnership with Handshake."

Handshake’s co-founder and Managing Consultant Richard Stagg commented, "We are very excited to be joining the Guardforce AI family. There are so many new threats to information systems every day, and so much work to do in countering them. As part of Guardforce AI, Handshake will have the resources to bring our expertise to new markets and new clients across the Asia-Pacific region, helping them to efficiently prepare robust protection and responses against cyber-attacks."

About Guardforce AI Co., Ltd.

Guardforce AI Co. Ltd. is a leading integrated security solutions provider that is trusted to protect and transport the high-value assets of public and private sector organizations. Developing and introducing innovative technologies that enhance safety and protection, Guardforce AI helps clients adopt new technologies and operate safely as the Asia Pacific business landscape evolves.

For more information, visit www.guardforcecash.co.th.

Forward Looking Statements

This announcement contains forward-looking statements. Forward-looking statements provide our current expectations or forecasts of future events. Forward-looking statements include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "will" or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on reasonable assumptions we have made in light of our industry experience, perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. As you read and consider this press release you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond our control) and assumptions, including the risks described in the reports and other documents we file with the Securities and Exchange Commission. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance anticipated in the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove incorrect or change, our actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date of this press release. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Related Links :

http://www.guardforcecash.co.th

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.

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PR Newswire

Guardforce AI Announces Two New Appointments to its Board of Directors

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NEW YORK, Feb. 1, 2021 — Guardforce AI Co., Ltd (OTC Pink: GRDAF) ("Guardforce AI"), an integrated security solutions provider in Asia, announced today the appointment of two independent board members, John Fletcher and David Ian Viccars, to its Board of Directors, effective February 1, 2021. The two board members will also be serving on the Company’s newly established audit committee, with Mr. Fletcher being appointed as the Chair of the committee.

Mr. Fletcher brings a wealth of investment banking and finance experience to the Company. He is currently the Chief Operating Officer at Pluris Capital Group, Inc., a registered broker/dealer and the Chief Financial Officer at Rebus Capital Group, LLC, a financial consulting firm. With extensive experience in equity and debt financing, as well as M&A and advisory work, Mr. Fletcher has successfully completed more than 100 transactions, raising billions of dollars for numerous companies.

Mr. Fletcher has previously served as the Managing Director at Maxim Capital Group, LLC, where he was responsible for transactions associated with the global energy sector. Before that, he was a Managing Director, and co-head of Investment Banking, at Brean Capital, LLC, where he was responsible for all aspects of the company’s investment banking operations.

Mr. Viccars joins the board of Guardforce AI with over 20 years of senior-level experience in the security industry within the APAC region. His most recent appointment was as the lead Asia Region Security Consultant at Vinarco International, working with leading telecoms providers, oil and gas, and logistics companies such as DHL. Prior to that, he was a Director at Securitas Asia where he led the regional business expansion team in providing tailored services for global contracts. At Securitas Asia, he also led the acquisitions team working on major M&A deals throughout Asia.

Mr. Viccars’ previous experience includes the launch of Securitas Thailand, where he was a General Manager and Managing Director. Before that, Mr. Viccars was a General Manager and Managing Director at Chubb Thailand and Chubb Philippines, as well as Director of Manpower Services at Chubb Singapore. Before moving into commercial security, Mr. Viccars had a successful career in the British Army with the Royal Tank Regiment completing his service in Hong Kong where his primary role was liaising with the Government.

Terence Yap, Chairman at Guardforce AI, commented: "We are pleased to welcome both John and David as independent members of our Board. Their extensive knowledge and expertise of the finance and security industries, as well as regional insights and skills in operations and leadership will be vital to our business as we continue to grow and provide innovative solutions to our clients. John’s track-record in investment banking and David’s strong experience with security systems will be of significant importance. I look forward to working with both of them as their continued enthusiasm will help us to further develop and customize our solutions for clients across the region."

About Guardforce AI Co., Ltd.

Guardforce AI Co. Ltd. is a leading integrated security solutions provider that is trusted to protect and transport the high-value assets of public and private sector organizations. Developing and introducing innovative technologies that enhance safety and protection, Guardforce AI helps clients adopt new technologies and operate safely as the Asia Pacific business landscape evolves.

For more information, visit www.guardforcecash.co.th.

Forward Looking Statements

This announcement contains forward-looking statements. Forward-looking statements provide our current expectations or forecasts of future events. Forward-looking statements include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "will" or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on reasonable assumptions we have made in light of our industry experience, perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. As you read and consider this press release you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond our control) and assumptions, including the risks described in the reports and other documents we file with the Securities and Exchange Commission. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance anticipated in the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove incorrect or change, our actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date of this press release. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Related Links :

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PR Newswire

INTEGRATED MEDIA TECHNOLOGY LIMITED Announces Changes to The Board of Directors

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SYDNEY, HONG KONG and NEW YORK, Jan. 22, 2021 — Integrated Media Technology Limited (NASDAQ: IMTE) ("IMTE" or the Company), announced on January 19, 2021 changes to its Board with the appointment of Mr. Luis Puyat to its Board of Directors and the change of status of Mr. Uwe Parpart from Independent non-Executive Director to Executive Director.

With effect from January 15, 2021, Mr. Puyat will serve as an Independent non-Executive Director and a member of the Board’s Audit Committee and Remuneration Committee. The size of IMTE’s Board was increased from five to six members with Mr. Puyat’s appointment.

Mr. Puyat is currently the Chief Executive Officer of VGP Investments, Inc. a privately held PE firm based in Makati, Metro Manila. Mr. Puyat is also the Executive Director of privately funded First Sovereign Asset Management, Inc. Prior to this, Mr. Puyat was involved in the Puyat family owned Manila Bank from 1986 to 2007, acting as the president from 1994 to 1999, and as Chairman of the Board from 1999 to 2007.

On the same date, Mr. Uwe Parpart’s status was changed from Independent non-Executive Director to Executive Director. Mr. Parpart also resigned from the Audit Committee.

Mr. Con Unerkov. Chairman and CEO of IMTE, stated, "We are pleased to welcome Mr. Luis Puyat as a new Independent non-Executive Director to the IMTE Board. Mr. Puyat is an accomplished financial executive with over 25 years of relevant experience. He is an ideal addition to IMTE’s team as we continue to drive our business strategy forward especially with our new securities research and risk analysis business in China that was recently announced through an investment in Greifenberg Capital Limited.".

As announced on December 29, 2020, IMTE entered into an agreement acquiring up to 60% of Greifenberg Capital Limited to provide risk analysis on China’s securities markets. Our Director Mr. Uwe Parpart who has over 30 years of experience as a senior executive in the finance industry will manage the roll out of this business. Accordingly, Mr. Parpart’s status as a Director changes from Independent non-Executive Director to Executive Director.

Mr. Uwe Parpart, IMTE’s new Executive Director commented, "I have known Luis for over three decades. His extensive experience in the banking and asset management industry in Asia will be extremely helpful in guiding our strategic efforts in research and risk analysis for China’s fast-growing securities industry. We are very excited to have Luis join IMTE’s Board of Directors."

Mr. Puyat commented, "I am familiar with IMTE’s overall business and the new financial services initiative in China. I have known Mr. Parpart for over three decades and collaborated with him on banking ventures on several occasions in the past. I am confident that I can contribute, in particular, to the successful commercialization of IMTE’s securities markets undertaking. I look forward to working with the skilled board of directors as we continue to execute our strategy, drive profitability and enhance value for all our shareholders."

About Integrated Media Technology Limited

Integrated Media Technology Limited. is engaged in the business of glass-free 3D (also known as autostereoscopic 3D) display, the manufacture and sale of nano coated plates for air filters, the sale of electronic glass and financial research and data services. The three new business operations in air filters, electronic glass and financial research services are expected to form the foundation of our future growth strategy.

For more information, please visit www.imtechltd.com.

Safe Harbor Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding IMTE’s expectations, intentions, strategies, and beliefs pertaining to future events or future financial performance. Actual events or results may differ materially from those in the forward-looking statements because of various important factors, including those described in the Company’s most recent filings with the SEC. IMTE assumes no obligation to update publicly any such forward-looking statements, whether because of new information, future events or otherwise. For a more complete description of the risks that could cause our actual results to differ from our current expectations, please see the section entitled "Risk Factors" in IMTE’s annual reports on Form 20-F and interim reports on Form 6-K filed with the SEC, as such factors may be updated from time to time in IMTE’s periodic filings with the SEC, which are accessible on the SEC’s website and at http://www.imtechltd.com.

Related Links :

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https://www.imtechltd.com

PR Newswire

Medibio Granted CE Mark Approval for MEBsleep

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MINNEAPOLIS, Jan. 19, 2021 — Medibio Limited (MEB or the Company)(ASX: MEB)(OTCPINK: MDBIF), is pleased to announce that it has received CE Mark approval for its sleep staging software, MEBsleep.

MEBsleep is a software-only medical device that analyses Electroencephalogram (EEG) and Electrocardiogram (ECG) data collected during polysomnography to verify sleep stages and heart rate variability (HRV) in patients suffering from primary or secondary sleep disturbances. MEBsleep uses artificial intelligence, deep learning algorithms and neural network methodology to analyse large amounts of raw data, including autonomic nervous system modulation throughout sleep stages, to highlight key information to assist the physician in understanding the patient’s condition.

Currently, the gold standard for identifying sleep stages in a sleep laboratory setting is a 60 to 90 minute visual assessment conducted by a clinician. MEBsleep performs the same assessment in 60 to 90 seconds, thereby providing improved efficacy for overall patient evaluation by sleep medicine technicians, under the supervision of a physician.

CE Mark approval will allow Medibio to commercialise MEBsleep across the European Economic Community. The intended users of this device are sleep technicians and researchers. The path is now clear for Medibio to accelerate its commercialization activities for MEBsleep in the EEC. The company is currently exploring commercialization paths with European academic groups and pharma companies focused on behavioural sleep medicine.

Claude Solitario, Managing Director of Medibio, said the approval was a significant regulatory milestone.

"MEBsleep is our first marketable product with CE Mark and its approval is an important step on our path towards commercialisation. Furthermore, it is also an important validation as we advance development of our depressive burden software medical device MEB-001, of which MEBsleep is a component," said Mr Solitario.

The prevalence of sleep disorders, such as insomnia, sleep apnea, and Restless Leg Syndrome, has increased appreciably in recent years, as has general awareness of their debilitating effects. Consequently, the global market for sleep aids, which was valued at US$71billion in 2018, is forecasted to grow at a compound annual rate of 7% between 2019 and 2025[1]. Europe and North America together account for more than 65% of total sales of sleep aids globally, with the United States, Germany, and the UK among the top markets. 

– ENDS –

This announcement is authorised for release to the market by the Board of Directors of Medibio Limited.

About Medibio Limited

Medibio (ASX: MEB) (OTCPINK: MDBIF) is a health technology company pioneering the use of objective measures to aid in the early detection and screening of mental health conditions. Through their Corporate Health product, the Company offers mental wellbeing solutions for businesses and are also developing products to serve the healthcare provider market. The company was founded in Australia, with offices located in Melbourne (Vic) and U.S. offices in Minneapolis, MN. Medibio is listed on the Australian Securities Exchange Ltd and trades on the OTC Pink Open Market. Investors can find additional information on www.otcmarkets.com and www.asx.com.au.

PR Newswire

Samsung and Bambuser launch #LiveAtSamsung – releasing new flagship Galaxy S21 in unique partnership with Aftonbladet and Halebop

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STOCKHOLM, Jan. 15, 2021 — After a successful partnership for a handful of regional live shopping events over the past six months, Samsung and Bambuser announce today the launch #LiveAtSamsung – an interactive broadcast concept first of its kind, allowing simulcast between brand, retail, and media.

At #LiveAtSamsung, viewers will meet knowledgeable experts and beloved ambassadors in exclusive live experiences filled with exciting surprises and offers that one simply does not want to miss. Powered by Bambuser’s proprietary technology, viewers will have the opportunity to interact directly with Samsung experts and purchase products in real-time online both at Samsung.se and Halebop.se.

The world premiere of #LiveAtSamsung kicks off tonight, Friday 15th January 2021, at 18:00 CET, in connection with when Samsung releases its new flagship lineup for the new Galaxy S21 in Sweden. In an interactive live shopping broadcast hosted by Mans Zelmerloew and Dasha Girine, viewers will also get a closer look at Samsung’s latest epic products from yesterday’s Galaxy Unpacked.

The launch event of the Galaxy S21 is world-unique, as it will be broadcast on three platforms simultaneously – also known as a simulcast. This is the first time that Live Video Shopping is used by a brand, a media outlet, and a retailer – at the same time. In addition to viewers being able to follow and interact from Samsung.com, the event will also be available on Aftonbladet.se, Sweden’s largest online news provider with 3.8 million unique readers and 36 million page views every day, as well as Halebop.se, one of Sweden’s largest mobile operators and part of TeliaCompany. Aftonbladet’s readers will be able to interact and shop frictionlessly via Samsung’s webshop, while Halebop’s customers will enjoy Halebop’s brand and e-commerce experience from start to end. 

In addition to the Nordic countries, Bambuser’s Live Video Shopping is planned to be rolled out to new Samsung markets in the near future. 

Krister Karjalainen, Digital Director at Samsung Electronics Nordic said: "In an ever-changing digital world, brands need to drive innovation; therefore, we are thrilled to announce our #LiveAtSamsung concept together with Bambuser, Halebop, and Aftonbladet. The retail world, as we know it is transforming and with the #LiveAtSamsung concept we are adding entertainment to social commerce and making online shopping more engaging. It’s important for us to deliver a seamless shopping experience, regardless of where and when consumers decide to shop."

Maryam Ghahremani, Chief Executive Officer at Bambuser said: "Samsung is a global market leader who continues to be at the forefront of the technology revolution and we at Bambuser are very proud to partner up with them on pushing the boundaries of how to produce and distribute live video shopping experiences around the world."

Contact information
Maryam Ghahremani
CEO Bambuser
press@bambuser.com
+46 8 400 160 02

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. Erik Penser Bank AB is Bambuser’s Certified Adviser.

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

https://news.cision.com/bambuser/r/samsung-and-bambuser-launch–liveatsamsung—releasing-new-flagship-galaxy-s21-in-unique-partnership,c3268243

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PR Newswire

ITM Power plc Sale to Linde of World’s Largest PEM Electrolyser

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GUILDFORD, England, Jan. 14, 2021 — ITM Power ("ITM Power" or "the Company") (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the sale to Linde of a 24MW electrolyser to be installed at the Leuna Chemical Complex in Germany. The full text of the Linde announcement is set out below.

Linde to Build, Own and Operate World’s Largest PEM Electrolyzer for Green Hydrogen

Linde today announced it will build, own and operate the world’s largest PEM (Proton Exchange Membrane) electrolyzer plant at the Leuna Chemical Complex in Germany.

This new 24 megawatt electrolyzer will produce green hydrogen to supply Linde’s industrial customers through the company’s existing pipeline network. In addition, Linde will distribute liquefied green hydrogen to refueling stations and other industrial customers in the region. The total green hydrogen being produced can fuel approximately six hundred fuel cell buses driving 40 million kilometers and saving up to 40,000 tons of carbon dioxide tailpipe emissions per year.

The electrolyzer will be built by ITM Linde Electrolysis GmbH, a joint venture between Linde and ITM Power, using high-efficiency PEM technology. The plant is due to start production in the second half of 2022.

"Clean hydrogen is a cornerstone of the German and EU strategies to address the challenge of climate change. It is part of the solution to help reduce carbon dioxide emissions across many industries, including chemicals and refining," said Jens Waldeck, President Region Europe West, Linde. "This project shows that electrolyzer capacity continues to scale up and it is a stepping stone towards even larger plants."

Linde is a global leader in the production, processing, storage and distribution of hydrogen. It has the largest liquid hydrogen capacity and distribution system in the world. The company also operates the world’s first high-purity hydrogen storage cavern, coupled with an unrivaled pipeline network of approximately 1,000 kilometers to reliably supply its customers. Linde is at the forefront in the transition to clean hydrogen and has installed close to 200 hydrogen fueling stations and 80 hydrogen electrolysis plants worldwide. The company offers the latest electrolysis technology through its joint venture ITM Linde Electrolysis GmbH.

Graham Cooley, CEO of ITM Power, said: "This is the first sale via our joint venture with Linde and is currently the world’s largest announced PEM electrolyser. This is a significant addition to our sales pipeline and illustrates how the capacity and efficiency of our new factory allows us to tender for much larger scale projects. It demonstrates the growing commitment by industry to use green hydrogen produced by electrolysis to decarbonise production processes. We look forward to working closely with Linde to deliver this exciting project."

Andreas Rupieper, MD ILE GmbH said: "ITM Linde Electrolysis GmbH is delighted to have received this order for the world’s largest PEM electrolyser from Linde plc. The close working relationship between the ITM Power engineering team and Linde Engineering in Dresden is driving forward our industrial scale offering to help customers reduce their CO2 emissions. Because we have well-engineered and integrated turn key solutions available today for customers, we feel confident that this important 24MW project is just the beginning of our journey together."

For further information please visit www.itm-power.com or contact:
ITM Power plc
James Collins, Head of IR
+44 (0)114 263 7646
ir@itm-power.com

Investec Bank plc (Nominated Adviser and Broker)
Jeremy Ellis / Chris Sim / Ben Griffiths
+44 (0)20 7597 5970

Tavistock (Financial PR)
Simon Hudson / Edward Lee / Tim Pearson
+44 (0)20 7920 3150

About ITM Power plc:

ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. In October 2019, the Company announced the completion of a £58.8 million fundraising, including an investment by Linde of £38 million, together with the formation of a joint venture with Linde to focus on delivering renewable hydrogen to large-scale industrial projects worldwide. In November 2020, ITM Power completed a £172m fundraising, including a £30m investment by Snam, one of the world’s leading energy infrastructure operators. ITM Power signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015 (which was extended in May 2019 to include buses, trucks, trains and ships), and in January 2018 a deal to deploy a 10MW electrolyser at Shell’s Rhineland refinery. ITM Power announced the lease of the world’s largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, Phillips 66, Siemens Gamesa, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, National Express, Toyota, Honda, Hyundai, Optimal and Anglo American among others.

About Linde

Linde is a leading global industrial gases and engineering company with 2019 sales of $28 billion (€25 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet. 

The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde’s industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

 

 

Related Links :

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PR Newswire

Infineon takes lead in MEMS microphone market, launches new technologies for further improved acoustical performance and power consumption

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MUNICH, Jan. 8, 2021 — According to research consultancy Omdia*1, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has successfully positioned itself as the market leader for MEMS microphones. Based on MEMS chip unit sales, the market share was reported to have been catapulted to a staggering 43.5 percent. This positions Infineon at with a lead of almost 4 percent over second place and more than 37 percent over third place. This positive development is due also to Infineon’s long-term experience in MEMS microphone design and high volume manufacturing for delivering an unmatched consumer experience.

Infineon’s XENSIV™ MEMS microphone IM73A135A features a 73 dB SNR and a high acoustic overload point (135 dB SPL) for a very high dynamic range microphone with a small footprint of 4 x 3 x 1.2 mm3 with the industry’s lowest power consumption of 170 microampere.
Infineon’s XENSIV™ MEMS microphone IM73A135A features a 73 dB SNR and a high acoustic overload point (135 dB SPL) for a very high dynamic range microphone with a small footprint of 4 x 3 x 1.2 mm3 with the industry’s lowest power consumption of 170 microampere.

 

Now Infineon is launching a next-generation analog MEMS microphone that renders even better results – the XENSIV™ MEMS microphone IM73A135. In microphones, designers often have to accept trade-offs: high signal-to-noise ratio (SNR), a small package, high acoustic overload point, low power consumption, MEMS versus electret condenser microphones (ECM). For this reason, applications that require highest performance microphones may have previously still used ECMs instead of MEMS. The IM73A135 reduces the need to compromise.

A 73 dB SNR and a high acoustic overload point (135 dB SPL) make for a very high dynamic range microphone with a small footprint of 4 x 3 x 1.2 mm3. Infineon’s new MEMS microphone also features tight frequency curve matching for the most effective audio signal processing and the industry’s lowest power consumption of 170 microampere. The IM73A135 thus allows designers to reach a level of high audio performance restricted to ECMs while at the same time reaping the benefits inherent in MEMS technology.

Infineon’s new MEMS microphone offers excellent characteristics to enhance active noise cancellation in headphones, a market that will grow to approximately 250 million devices by 2025 with a CAGR of 16 percent*2. Additionally, the low self-noise makes the IM73A135 especially suited for high-quality audio capturing required in conference systems, cameras, or audio recorders. A market that is also expected to increase significantly.

New digital low power technology for wearables

Infineon is not only expanding its portfolio of branded MEMS microphones but also extending its lead via a new low power digital ASIC technology. This lowest power technology will be used in various next-generation digital microphones manufactured and branded by the "Infineon-inside" microphone partner network. An industry-leading low power mode current consumption of as little as 110 microampere makes it a perfect match for the wearables segment, including smartwatches, fitness bands, etc. The growing demand for aesthetically appealing products with the ability to serve the consumers’ daily needs better will grow this market to reach approximately 650 million units by 2025, at a CAGR of almost 20 percent over a forecast period from 2020 to 2025*3.

Availability

The XENSIV MEMS microphone IM73A135 will be available for the distribution market in March 2021. The new MEMS microphone technology for wearables will be launched by the "Infineon-inside" partners in the next months. More information is available at www.infineon.com/mems, for "Infineon-inside" microphone partner network: www.infineon.com/cms/en/product/sensor/mems-microphones/infineon-inside/.

*1 Source: Omdia, MEMS Microphones Dice Market Shares 2020, October 2020

*2 Source: Mordor Intelligence: Smart wearable market – growth, trends, forecasts (2020 – 2025), July 2020 

*3 Source: Infineon, Marketing Elevator for IM73A135

 

PR Newswire

China Matters tells the story of Ms. Pan and her Mountaintop Guesthouse

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BEIJING, Dec. 29, 2020 — As Pan Qingqing sips on a traditional Chinese tea, she glances out the window of her mountaintop guesthouse. The view is splendid with billowing clouds and valleys, and this is swiftly followed by laughter and loud chatter in the guesthouse where she is right in the middle of a jovial conversation with her guests who have made the trip to Xiangjian village in the southern city of Hangzhou.  

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The 44-year-old is one of many in Lin’an District to have built guesthouses to attract more visitors from home and abroad. For her, this is an opportunity to bring changes to her hometown. And her plans have been supported by the Hangzhou government.

The key to this change has been to combine the local surroundings with the arts to create something fresh where you wouldn’t expect it. And the guesthouses like Ms. Pan’s brings the two together.

Bigger than life-size installations of bamboo art now decorate the halls. When guests sit down for an afternoon tea and food, cups and cutlery sets made from local bamboo wood don the tables. Ms. Pan has been inviting artistic to come and showcase their mastery.

However, it wasn’t all plain sailing at the start. After studying in France, she finally chose to come back to Lin’an. And even though she left all those years ago as a child, no one could deny how special the place was to her.

But as things would have it, Ms. Pan’s father, an experienced tourism operator, opposed the guesthouse plans. He sighted poor accessibility, small population, and an underdeveloped economy in the area as potential pitfalls. Nevertheless, she saw differently. She wasn’t deterred. She believed in the changes her guesthouse would bring.

And now, she is hosting variety of events throughout the year. Recently, she launched a bamboo art exhibition. The bamboo artist was able to teach local villagers how to weave locally-sourced bamboo artworks. Just recently as October, at the tail-end of local rice harvest season, she gathered young agricultural entrepreneurs to taste the new rice and exchange their products to promoting their hometowns. 

So, Xiangjian village is just the tip of the iceberg. It represents this innovative take on how to build tourism in rural Hangzhou. In this video, British host Josh went to visit the guesthouse and see the transformation of villages in Hangzhou through nature and modern arts. The video was filmed and produced by China Matters.

Contact: Li Siwei
Tel.: +8610-68996566
E-mail: lisiwei5125@gmail.com

Video – https://youtu.be/c-e-VA6mT1k 
Logo – https://techent.tv/wp-content/uploads/2021/01/china-matters-tells-the-story-of-ms-pan-and-her-mountaintop-guesthouse.jpg