Inovatif

Author: admin

  • XTransfer Receives Malaysia Central Bank’s Conditional Approval for Key Payment Licences

    XTransfer Receives Malaysia Central Bank’s Conditional Approval for Key Payment Licences

    Plans Regional Operational Hub and Supports Local SME Trade Settlements

    KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 26 February 2026 – XTransfer, the World’s Leading B2B Cross-Border Trade Payment Platform, is pleased to announce that it has received conditional approval from Bank Negara Malaysia (BNM) for key payment licences, including issuing electronic money, as well as a Money Services Business Licence (Class A) covering remittance and currency exchange.

    XTransfer receives Malaysia Central Bank’s conditional approval for key payment licences.
    XTransfer receives Malaysia Central Bank’s conditional approval for key payment licences.

    Upon completing the pre-issuance conditions and being permitted to launch, XTransfer plans to introduce digital payment services in Malaysia designed to support businesses, particularly small and medium-sized enterprises (SMEs) engaged in international trade. These services are intended to include streamlined onboarding, convenient funding options, efficient foreign exchange, and secure remittance and settlement experiences, with a focus on compliance, security, and operational reliability, helping Malaysian SMEs reduce friction in legitimate trade as they scale into regional and emerging-market corridors.

    “Receiving conditional approval from Bank Negara Malaysia is an important milestone for XTransfer in the ASEAN region,” said Bill Deng, Founder and CEO of XTransfer. “We appreciate BNM’s guidance and oversight. We look forward to bringing Malaysian businesses compliant and efficient payment solutions that help trade move faster and more predictably, especially as intra-Asia and broader South–South trade routes continue to expand.

    Malaysia is also central to XTransfer’s regional strategy, with a plan to establish Malaysia as its regional operational hub, serving as a strategic control centre within Southeast Asia, coordinating compliance, risk management, customer support, and global operations to ensure alignment with both local and Group-wide standards. “Malaysia gives us the talent, governance environment, and regional proximity to scaleacross the region,” Bill added.

    Founded in 2017, XTransfer is dedicated to using technology to bridge large financial institutions and SMEs worldwide, providing secure, compliant, fast, convenient and low-cost cross-border trade payment and fund collection solutions. With more than 800,000 enterprise clients, XTransfer has become a global industry leader and continues to expand internationally to support trading companies worldwide.
    Hashtag: #XTransfer #PaymentLicense #Malaysia #BankNegaraMalaysia #Crossborder #SMEs





    The issuer is solely responsible for the content of this announcement.

  • Pulsar 成立香港辦事處　專注亞洲及大中華海事衛星通訊市場

    Pulsar 成立香港辦事處　專注亞洲及大中華海事衛星通訊市場

    香港 – Media OutReach Newswire – 2026年2月26日 – 全球領先的衛星通訊、混合網絡管理、網絡安全及船員福利方案供應商 Pulsar International 宣佈，正式於香港設立亞太區總部。Pulsar 擁有逾 30 年行內經驗，業務遍佈全球，目前於北美、拉丁美洲、歐洲及中東地區設有 20 個辦事處。

    我們的網絡和合作夥伴
    我們的網絡和合作夥伴

    是次進軍亞太市場體現了 Pulsar「全球網絡、本地支援」（Global Network, Local Offices）策略，旨在提供本地化的專業服務及實現更快的客戶服務，並致力解決亞洲和中國地區的網絡限制和盲點。新辦事處將支援香港、中國內地、新加坡、馬來西亞及印度等航運樞紐的海事營運商及商用船隊，推動亞太區全球貿易。

    全方位海事通訊解決方案

    Pulsar Asia 提供真正的一站式海事通訊方案，從船上設備安裝到高速衛星互聯網服務，均與世界知名的衛星營運商直接合作。作為唯一的全球四大衛星網絡的一級（Tier 1）供應商，Pulsar Asia 能為船隻提供包括 Viasat/Inmarsat、Iridium、Thuraya、Globalstar，以及 Starlink、OneWeb、SES/Intelsat 和 Space Norway 的連接服務。

    透過與 Inmarsat 的合作，Pulsar Asia 推出了 NexusWave 方案。這是一項結合多網絡的綁定式架構（Bonded Multi-network Architecture），能簡化混合連網，並具備自動故障轉移功能 (Automatic Failover)，確保 100% 全球高速覆蓋。藉助 NexusWave，Pulsar 可提供實時數據交換及航程優化，以達成數碼化、去碳化及全球綠色航運的目標。

    提升管理效率與網絡安全

    透過 Pulsar 全面的 IT 託管及船舶連線服務，岸上營運商可全面管理船上通訊，執行網絡監測，優化頻寬管理並提升船員福利。

    鑑於網絡攻擊對船舶安全及航運業務的威脅日益嚴重，Pulsar 將企業級網絡安全嵌入所有網絡及數碼服務中，以保護關鍵營運系統及船員網絡。

    強化企業韌性與業務連續性

    除海事業務外，Pulsar Asia 同時為企業加強業務連續性（BCP）及災難恢復通訊。憑藉全冗餘（Fully Redundant）衛星連接及混合備援網絡，企業即使在網絡中斷或安全事故中，仍能維持關鍵業務運作。此外，其物聯網（IoT）連線及遠端資產追蹤方案，亦確保了港口、物流樞紐及交通設施的安全、合規與營運穩定性。

    Pulsar International 總裁兼首席執行官 Robert Sakker 表示：「進軍亞太市場象徵 Pulsar 正式邁向真正的全球化。透過香港辦事處，我們為全球其中一個最具活力的航運區域提供恆常連線。亞太區客戶現可受惠於我們全球多軌道（Multi-orbit）衛星的本地專業服務，確保海陸通訊皆具備高韌性、安全性及卓越效能。」

    Pulsar 香港辦事處現已正式投入運作。我們的衛星通訊專家隨時可以為客戶提供解決方案，針對您的海事或企業營運需求作出建議。

    聯絡資料
    Alice Cheung | Sales Director | +852 5162 6116
    Alice.Cheung@pulsarbeyond.com | Contact on WhatsApp

    如想了解更多，請瀏覽 www.pulsarbeyond.com 和在 LinkedIn 追縱我們。

    Hashtag: #SatelliteCommunication #LEO #IoT #6G


    The issuer is solely responsible for the content of this announcement.

    關於 Pulsar

    Pulsar International (「Pulsar」) 是全球領先的海事及陸基衛星通訊產品與服務供應商。Pulsar 為商業航運、農業科技（Agri-tech）、企業及政府機構的客戶，提供語音、數據及物聯網（IoT）解決方案。Pulsar 的業務遍佈全球，於北美、拉丁美洲、歐洲、中東及亞洲均設有辦事處，其全球總部位於美國佛羅里達州荷里活市（Hollywood, FL）。

  • Pulsar Opens Hong Kong Office to Serve Asia Maritime Satellite Internet Market

    Pulsar Opens Hong Kong Office to Serve Asia Maritime Satellite Internet Market

    HONG KONG SAR – Media OutReach Newswire – 26 February 2026 – Pulsar International, a leading global provider of satellite internet communications, managed hybrid networking, cybersecurity, and crew welfare solutions, has opened its APAC headquarters in Hong Kong to better serve the Asia market. With more than 30 years of experience, Pulsar maintains a well-established global presence, already operating 20 offices across North America, Latin America, Europe, and the Middle East.

    Pulsar's Network and Partners
    Pulsar’s Network and Partners

    This expansion into the Asia-Pacific market reflects Pulsar’s “Global Network, Local Offices” approach, delivering local expertise, faster response times, and dedication to solving regional network restrictions in Asia and Greater China. The new office will support maritime operators and commercial fleets across Hong Kong and Mainland China, Singapore, Malaysia, and India – key shipping hubs driving global trade throughout the APAC region.

    Pulsar Asia delivers a true end-to-end maritime connectivity solution, managing everything from onboard equipment installation to high-speed satellite internet services through direct partnerships with leading satellite operators. As the only Tier 1 provider for all four major satellite networks, Pulsar can equip vessels with connectivity from Viasat/ Inmarsat, Iridium, Thuraya, and Globalstar, as well as Starlink, OneWeb, SES/Intelsat, and Space Norway.

    Through its partnership with Inmarsat, Pulsar delivers NexusWave, a bonded multi-network architecture that streamlines hybrid connectivity, with automatic network failover and 100% high-speed global coverage. Powered by NexusWave, Pulsar enables real-time data exchange and voyage optimization to support maritime digitalization, decarbonization, and global green shipping goals.

    Through a comprehensive suite of Pulsar’s managed IT and ship connectivity services, vessel operators gain full visibility, control and seamless management of onboard communications, enabling real-time network monitoring, optimized bandwidth management, and enhanced crew welfare.

    With cyberattacks posing an increasing risk to vessel safety and maritime business operations, Pulsar embeds enterprise-grade cybersecurity across its entire network and all digital services to safeguard critical operational systems and crew networks.

    Beyond the high seas, Pulsar Asia strengthens business continuity and disaster recovery communications for Hong Kong enterprises. With fully redundant satellite connectivity and hybrid failover networks, businesses can maintain mission-critical operations during network outages or cyber incidents. IoT connectivity and remote asset tracking, ensure safety, compliance, and operational reliability across ports, logistics hubs, and transport facilities.

    “Entering the Asia Pacific market makes Pulsar truly global,” said Robert Sakker, President & CEO of Pulsar International. “With our Hong Kong office, we are delivering always-on connectivity to one of the world’s most dynamic maritime regions. Our customers across the APAC region can now benefit from local expertise backed by our global multi-orbit satellite network, ensuring resilient, secure, and high-performance communications at sea and onshore.”

    Pulsar’s Hong Kong office is now open, with satellite connectivity experts available to assist with any enquiries, offering tailored guidance and solutions for your operational and technical maritime requirements.

    Contact
    Alice Cheung | Sales Director | +852 5162 6116 | Alice.Cheung@pulsarbeyond.com | Contact on WhatsApp

    For more information about Pulsar, please visit www.pulsarbeyond.com and follow us on LinkedIn.
    Hashtag: #SatelliteCommunication #LEO #IoT #6G


    The issuer is solely responsible for the content of this announcement.

    About Pulsar

    Pulsar International (‘Pulsar’) is a leading provider of maritime and land-based satellite communications products and services. Pulsar offers voice, data, and IoT solutions to customers in the commercial maritime, agri-tech, enterprise, and government markets. Pulsar operates across the globe, with offices located in North America, Latin America, Europe, Middle East and Asia. Its global headquarters is in Hollywood, FL, USA.

  • 香港忠意保險再度榮獲「10Life 5星保險大獎2026」多項殊榮

    香港忠意保險再度榮獲「10Life 5星保險大獎2026」多項殊榮

    香港 – Media OutReach Newswire – 2026年2月26日 – 香港忠意保險再度於「10Life 5星保險大獎2026」榮獲多項殊榮，七款產品分別於年金、儲蓄、危疾及終身人壽保障類別中獲得5星最高評級。是次獲獎反映香港忠意保險在產品及客戶服務方面的出色表現，亦展現忠意團隊一貫追求卓越與創新的方向。

    香港忠意保險再度榮獲「10Life 5星保險大獎2026」多項殊榮。
    香港忠意保險再度榮獲「10Life 5星保險大獎2026」多項殊榮。

    榮獲5星殊榮的產品包括：

    • 5星危疾保險獎 – 定期危疾（高保障）組別
      • 加愛無限保
    • 5星危疾保險獎 – 終身危疾（高性價比）組別
      • 跨越無限保
      • 跨越同行
    • 5星儲蓄保險獎 – 教育升學組別
      • 啟航創富（卓越版）
    • 5星儲蓄保險獎 – 教育升學組別 及 財富傳承組別
      • 跨越創富保2
    • 5星扣稅年金獎 – 穩定型收入組別
      • 悠然稅悅延期年金
    • 5星終身人壽保險獎 – 終身人壽組別
      • 摯愛相伴

    由香港大型保險比較平台10Life舉辦的「10Life 5星保險大奬2026」，是業界中最具代表性的獎項之一。他們的精算師辨別出對消費者重要的因素，制定評級準則，並比較了市場上超過50間保險公司的逾1,500多種保險產品，為保險產品評級。5星級為該保險種類中最高級別之產品。
    Hashtag: #GeneraliHongKong #香港忠意保險

    The issuer is solely responsible for the content of this announcement.

    香港忠意保險

    忠意保險有限公司於1981年在香港註冊為認可的保險公司，並於2016年透過忠意人壽（香港）有限公司將業務拓展至人壽保險領域。我們結合本地豐富經驗及忠意集團的環球智慧，持續研發獨特創新的人壽保險、一般保險、專業保險及僱員褔利保險，滿足客戶的不同需求。

    關於忠意集團

    創於1831年，忠意集團是全球最大的保險及資產管理企業之一，業務遍佈全球超過50個國家。於2024年，集團的保費總收入超過952億歐元，資產管理規模高達8,630億歐元。現時，忠意集團擁有超過87,000位員工，為7,100萬位客戶提供優質專業服務。集團在歐洲市場佔有領先地位，業務更擴展至亞洲及拉丁美洲等地。透過提供創新及個人化的方案、優越的客戶體驗及全球數碼化分銷網絡服務，致力成為客戶的終身夥伴。集團亦已將可持續發展的理念全面融入業務策略，旨在為持份者創造價值，同時建立更公平、更高適應力的社會。

  • Global Ticketing Platform Veritickets Goes Live on Web and Mobile, Promising 100% Verified, Authentic Tickets with Delivery in 12 Hours

    Global Ticketing Platform Veritickets Goes Live on Web and Mobile, Promising 100% Verified, Authentic Tickets with Delivery in 12 Hours

    • Veritickets offers a ticket issuance promise as fast as 12 hours and guarantees that every ticket is verified and valid for entry.
    • The platform is an officially certified partner of Alipay, China’s leading payments and digital services platform, and of the cross-border e-commerce platform Tmall Global.
    • It provides multilingual interfaces and multi‑currency payment options.

    SINGAPORE – Media OutReach Newswire – 26 February 2026 – Veritickets, a next‑gen global ticketing platform, recently launched its website and mobile app. The platform pledges to issue confirmed, in‑stock tickets in as fast as 12 hours and offers multilingual interfaces and multi‑currency payment options to address major pain points for cross‑border buyers and streamline the purchase experience.

    The platform also guarantees “100% verified tickets,” supported by a consumer‑protection policy that offers a full refund plus additional compensation of up to the ticket price if a ticket is not delivered. Users can access the service via the Veritickets website or by downloading the mobile app from various app stores.

    Screenshot of the Veritickets website showing the platform’s newly launched web ticketing interface.
    Screenshot of the Veritickets website showing the platform’s newly launched web ticketing interface.

    Screenshot of the Veritickets app, now available for both iOS and Android users.
    Screenshot of the Veritickets app, now available for both iOS and Android users.

    Designed specifically for international buyers, Veritickets accepts major credit cards including Visa, Mastercard and JCB. It is also an officially certified partner of China’s leading payments and digital services open platform Alipay and of the cross-border e-commerce platform Tmall Global.

    The platform has already listed multiple high‑demand events, including the BTS 2026-2027 World Tour, the World Cup 2026 and Stefanie Sun _After Sunset_ World Tour.

    With an initial focus on Hong Kong, Macau and Southeast Asia, Veritickets is positioning itself as a global ticketing platform, aiming to deepen its presence across the Asia‑Pacific region while expanding into additional markets in phases.

    To reduce search friction and enhance transparency, Veritickets aggregates official, vetted inventory into a single interface, enabling users to compare options efficiently. The platform provides real‑time availability and pricing, supported by an all‑in pricing model intended to minimize unexpected fees and last‑minute adjustments.

    Its smart recommendation engine curates event suggestions based on user preferences. The platform also offers round‑the‑clock customer support and real‑time transaction verification as part of its agent supervision standards.

    Veritickets is currently recruiting internationally qualified ticketing agents, requiring valid operating licenses, strong credit records and proven professional service capabilities. All agents must comply with stringent requirements, including real‑time ticket updates, instant transaction validation and round-the-clock customer support, ensuring a consistent and reliable experience for buyers worldwide.
    Hashtag: #Veritickets

    The issuer is solely responsible for the content of this announcement.

  • Hong Kong 2026-27 Budget: Driving High-quality, Inclusive Growth with Innovation and Finance

    Hong Kong 2026-27 Budget: Driving High-quality, Inclusive Growth with Innovation and Finance

    HONG KONG SAR – Media OutReach Newswire – 25 February 2026 – Paul Chan, Financial Secretary of the Hong Kong SAR Government, delivered his 2026-27 Budget today (February 25), with a range of initiatives to support and diversify Hong Kong’s economic growth, boost innovation and technology (I&T), speed up development of the Northern Metropolis and proactively align with China’s National 15th Five-Year Plan.

    The theme of the 2026-27 Budget, the fourth Budget of the current-term Government, is “Driving High-quality, Inclusive Growth with Innovation and Finance”.

    Hong Kong SAR’s Financial Secretary, Paul Chan, delivers the 2026-27 Budget today (February 25)
    Hong Kong SAR’s Financial Secretary, Paul Chan, delivers the 2026-27 Budget today (February 25)

    “Over the past year, as a result of the booming economy and capital market, our tax revenue has increased. Coupled with the reinforced fiscal consolidation programme gradually bearing fruit, our public finances have improved sooner than expected,” Mr Chan said.

    The Financial Secretary revealed that Hong Kong’s Consolidated Account was expected to register a surplus of $2.9 billion in the current fiscal year, instead of a deficit of about $67 billion as originally estimated. The Operating Account for 2025-26, which was originally estimated to record a deficit of about $3 billion, will register a surplus of $51.3 billion, he said.

    It was also confirmed that Hong Kong’s economy expanded by 3.5% in 2025, with growth forecast to be between 2.5% and 3.5% for 2026.

    Mr Chan noted that this year marks the beginning of the National 15th Five-Year Plan, and he stressed the need for Hong Kong to actively align with the Plan.

    “Our country’s sustained high-standard two-way opening-up, coupled with scientific and technological innovation, have presented us with new opportunities,” he said. “We must embrace the 15th Five-Year Plan with an innovative mindset, fostering new quality productive forces in accordance with local conditions.”

    Mr Chan set out a series of measures to drive I&T development, including establishing the Committee on AI+ and Industry Development Strategy; taking forward the Sandy Ridge data facility cluster project; promoting AI training; and accelerating digital intelligence transformation of the Government.

    “We are pressing ahead with the industrialisation of AI and deepening its integration across various industries, while encouraging wider AI application, thereby achieving the target of adoption and utilisation by all,” he said.

    The International Clinical Trial Academy will, he said, also be established to help enable the Chinese Mainland’s biomedicine technology to go global, attract foreign investment, and help develop Hong Kong into an international health and medical innovation hub.

    To facilitate the development of new industrialisation, the Budget has earmarked resources for establishing in Hong Kong the first national manufacturing innovation centre outside the Mainland, and the New Industrialisation Elite Enterprises Nurturing Scheme will be launched.

    The Government will promote the full integration of technological innovation and industrial innovation through key infrastructure, including the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, and the San Tin Technopole in the Northern Metropolis.

    To support financial services, Hong Kong will proactively align with national development strategies, advance the internationalisation of the Renminbi, and continuously reform the securities market.

    The Government will legislate this year to enhance tax regimes for family offices and funds, as well as establish licensing regimes for digital asset dealing and custodian service providers.

    “Despite the complex and ever-changing external environment, Hong Kong’s financial market has performed strongly and our financial system remains robust,” Mr Chan said. “We will continue to consolidate our existing strengths, tap into emerging fields, strengthen market systems and risk control and deepen financial co-operation in the GBA (Guangdong-Hong Kong-Macao Greater Bay Area).”

    Noting that Hong Kong saw a year-on-year 12 per cent increase in visitor arrivals last year, which had created business and job opportunities for related sectors, the Budget will allocate $1.66 billion (US$212 million) to the Hong Kong Tourism Board (HKTB).

    “The HKTB will scale up its flagship events and promotion, introducing new elements and extending event duration, and organise more signature festive events to highlight Hong Kong’s East-meets-West uniqueness,” Mr Chan said.

    The Budget also earmarks an additional funding of $1 billion (US$128 million) for the Built Heritage Conservation Fund to enrich city culture. Elsewhere, the Government will launch the Northern Metropolis Urban-rural Integration Fund as a pilot scheme to support rural tourism projects.

    To further promote sports development in Hong Kong, the Financial Secretary will inject $1.2 billion (US$154 million) to the sports portion of the Arts and Sports Development Fund.

    image-1.jpeg

    Mr Chan said that the global environment has remained volatile over the past year, and Hong Kong has continued to undergo economic transformation.

    “Technological innovation, in particular the development of AI, has brought us a mix of opportunities and challenges. Yet, Hong Kong has always thrived amid changes and progressed through innovation. We must make full use of our strengths and leverage the resolute support of our country to speed up and scale up our economic development sustainably for creating better development opportunities for the people and enhancing their quality of life,” Mr Chan said.

    For more details on the 2026-27 Budget, click here.

    Hashtag: #hongkong #brandhongkong #Budget #Inclusive #Growth #Innovation #Finance





    The issuer is solely responsible for the content of this announcement.

  • International Entertainment Corporation’s FY2025/26 Interim Revenue Increases by 71.5% to HK$458.9 Million

    Driving Sustained Growth in Gaming and Hospitality via Strategic Renovation

    HONG KONG SAR – Media OutReach Newswire – 25 February 2026 – International Entertainment Corporation (the “Company“, together with its subsidiaries, the “Group“; HKEX stock code: 1009), is pleased to announce that its revenue for the six months ended 31 December 2025 (the “Period“) recorded a significant period-on-period increase of 71.5% to approximately HK$458.9 million. This notable growth was primarily driven by a rise in land-based casino revenue and increased commission income resulting from provision of gaming platform to other authorised gaming operators for gaming business during the Period.

    Meanwhile, the Group reported gross profit of approximately HK$245.0 million, representing a remarkable increase of 169.4% as compared with approximately HK$90.9 million in the six months ended 31 December 2024 (the “Previous Period“). Gross profit margin for the Period was approximately 53.4%, up 19.4 percentage points from approximately 34.0% for the Previous Period, mainly due to the increase in commission income with higher gross profit margin. The Group narrowed its loss by 9.7% to approximately HK$85.8 million during the Period (Previous Period: loss of approximately HK$95.0 million).

    Future Outlook

    The Group remains optimistic about the long-term prospects of the Philippine gaming and tourism industries, underpinned by its advantageous geographical position in Southeast Asia and growing popularity as a premier travel destination.

    The Group commenced a renovation initiative in the previous financial year. An operational milestone was reached in January 2026 with the completion of renovation works on the casino’s ground floor. This project successfully expanded the gaming space, increasing the number of gaming tables from 99 to 116 tables as well as increasing the number of slot machines and electronic gaming machines from 517 to 664 machines by the end of January 2026. With further facility upgrades scheduled for completion, the Group anticipates a grand reopening of the hotel in July 2026. These enhancements are designed to elevate the overall guest experience, thereby driving higher occupancy rates and fostering sustained revenue growth across both gaming and hospitality segments in the long term.

    Separately, the Group entered into a Subscription Agreement on 17 November 2025 with DigiPlus Interactive Corp., a leader in the Philippine casino and gaming sector as well as a Fortune Southeast Asia 500 company. Subject to approval at the extraordinary general meeting on 26 February 2026, the Group will issue up to HK$1.6 billion convertible notes with a maturity of five years and an interest rate of 3% per annum, which is expected to significantly bolster the Group’s liquidity and long-term financial position.

    Part of the net proceeds will be used to fund the Group’s Investment Commitment, which currently includes capital investments for acquisition of land for the expansion of its integrated resort in Manila City and the construction of additional hotel rooms, for provision of other amenities of the integrated resort, and for ongoing upgrades, refurbishments and renovations to the facilities and infrastructures of both the hotel and the casino.

    With the above initiatives in place, the Group is strategically positioned to navigate the evolving Philippine gaming and tourism landscape, leveraging its bolstered capital, expanded gaming capacity, and enhanced hotel facilities to capitalize on emerging business opportunities and create greater sustainable, long-term value for its shareholders.

    The issuer is solely responsible for the content of this announcement.

    About International Entertainment Corporation (HKEX: 1009)

    International Entertainment Corporation is an investment holding company. The Company and its subsidiaries are principally involved in hotel operations, operating the gaming business under provisional licence, leasing of gaming venues at the hotel complex of the Group in Metro Manila in the Republic of the Philippines to a tenant for authorized gaming operation, provision of gaming platform to other authorised gaming operators for gaming business and live poker events in Macau.

  • Response to the Budget 2026/2027 by Cushman & Wakefield

    HONG KONG SAR – Media OutReach Newswire – 25 February 2026 –
    Response to the Budget 2026/2027 by KK Chiu, International Director, Chief Executive, Greater China, Cushman & Wakefield:

    Enhancing Implementation Efficiency in the Northern Metropolis through Anchor Institutions and Clear Role Definition

    In the Budget, the Government mentioned that it will further encourage developers holding land in the Northern Metropolis to collaborate with technology or advanced manufacturing enterprises in submitting joint development proposals. At C&W, we believe that introducing a public–private partnership model can enhance execution efficiency and help alleviate fiscal pressure, thereby accelerating the implementation of the Northern Metropolis development while leveraging market efficiency and innovation capabilities. However, the key lies in how clearly the Government defines public and commercial roles, and ensures transparency in long-term industry objectives, land use and return allocation, in order to attract private sector participation. Subject to clear planning, phased implementation and prudent regulation, the PPP model can become an important tool in advancing the industrialisation of the Northern Metropolis.

    As noted in our earlier research, the Government may consider securing strategic “anchor institutions” and avoiding blurred industrial positioning across different precincts, so as to establish clear district identities and enhance overall attractiveness. We hope the Government will announce details of university and technology industry participation as soon as possible to strengthen developers’ confidence in advancing projects within the district. At the same time, we welcome the Government’s adoption of our earlier recommendation to introduce flexible arrangements for land premium payment in the Northern Metropolis. This will help alleviate cash flow pressures for enterprises undertaking land development, and enhance the feasibility and pace of public–private partnerships and industry introduction initiatives.

    Suggest to Leverage MPF Assets to Broaden Financing Channels for the Northern Metropolis

    We support the Government’s proposal to increase the borrowing ceiling of the two bond programmes to HK$900 billion to finance the development of the Northern Metropolis, and to issue more longer-term bonds to better align with cash flow requirements and capital deployment for infrastructure works. Beyond direct bond issuance, we suggest that, from a broader asset allocation perspective, the Government could make better use of the sizeable Mandatory Provident Fund (MPF) asset pool. According to MPFA data, total MPF assets reached approximately HK$1.55 trillion as at end-December 2025, a record high. The Government may consider moderately relaxing MPF investment restrictions to allow a certain proportion of assets (for example, 10%) to be invested in long-term bonds issued for Northern Metropolis development. This would provide a stable source of funding for the Northern Metropolis while offering MPF members an additional investment option with relatively lower risk and stable returns, creating a win-win outcome.

    Land and Housing Supply

    The land sale programme for the coming year, together with the projected supply of first-hand private residential units in the next three to four years, indicates that land and housing supply is stabilising. We recommend that the Government streamline tender conditions and release sites to the market in an orderly manner to attract broader developer participation and revitalise market sentiment.

    Suggest to Assist “Basic Housing Unit” Residents with Rehousing

    The regulatory regime for “Basic Housing Units” is expected to take effect on 1 March this year, with a 48-month transitional period. Some units may fail to meet the new requirements, potentially resulting in tenant displacement. In addition, there are approximately 27,000 units in public rental housing estates aged over 50 years, creating significant rehousing pressure. We consider that the urban renewal strategy should be flexible and financially sustainable. The Government should establish clear rehousing priorities and allocate units reasonably among affected residents, tenants of old estates and applicants on the waiting list.

    Under the Urban Renewal Authority’s prevailing acquisition approach, compensation based on prices comparable to first-hand residential properties (including owner-occupier allowances) has imposed substantial financial pressure. We therefore recommend further optimisation of the “flat-for-flat” mechanism to alleviate cash compensation burdens. Specifically, the Government could explore allocating land in new development areas, such as Tseung Kwan O, to the Urban Renewal Authority or related bodies for non-local rehousing under the “flat-for-flat” arrangement. While the current “seven-year-old flat” compensation benchmark has its basis, the Government may also consider offering more attractive exchange terms to older building owners as an incentive to expedite relocation and redevelopment progress.

    We believe that such measures would not only reduce the substantial upfront cash outlay at the initial stage of redevelopment and ease liquidity pressure on the Urban Renewal Authority but also enable capital recycling upon project completion and sale, thereby establishing a financially sustainable urban renewal model with a virtuous funding cycle.

    Response to the Budget 2026/2027 by John Siu, Managing Director, Hong Kong, Cushman & Wakefield:

    Collaboration between the Hong Kong Investment Corporation and Market Capital to Support Quality Commercial Property Development

    We agree with the Government’s decision, having regard to prevailing market supply and demand conditions, to continue refraining from the sale of commercial sites in the coming year. As at the end of the fourth quarter last year, the overall availability rate of Grade A offices in Hong Kong stood at approximately 20.3%. The temporary suspension of commercial land sales will allow the market to gradually absorb existing vacant floor space and help stabilise the office market. Nevertheless, the Government should review market conditions regularly and resume the sale of commercial sites in a timely manner when appropriate.

    Regarding collaboration between the Hong Kong Investment Corporation and market capital to guide funds towards quality commercial property projects aligned with Hong Kong’s industry positioning, and to facilitate matching between such projects and enterprises in target sectors, we consider the overall direction to be positive and consistent with market-oriented principles. This approach can enhance the efficiency of matching projects with enterprises, provide more suitable premises for emerging industries such as innovation and technology and medical research, and inject new demand into the commercial property sector.

    Sandy Ridge data facility cluster to enhance Hong Kong’s data hub position

    The Government has accelerated efforts to promote the industrialisation of artificial intelligence (AI), encouraging its wider adoption and deeper integration across industries. Over the longer term, this will substantially increase demand for computing power, thereby strengthening local absorption capacity for high-specification data centre facilities.

    Regarding the proposed data facility cluster at Sandy Ridge, which will provide over 2.5 million square feet of gross floor area, this represents approximately 25% of Hong Kong’s existing data centre stock of around 10 million square feet, marking a rare large-scale supply in recent years. Should the project be successfully tendered, it will provide the high-power capacity and infrastructure necessary to support AI development, and in the longer term enhance Hong Kong’s position as a data hub within the Greater Bay Area and across Asia.

    Strengthening Hong Kong’s Position as an International Maritime Hub and Responding Flexibly to Logistics Land Needs

    The Government has proposed supporting the national maritime strategic development, advancing the elevation of Hong Kong’s status as an international maritime centre, and accelerating the smart transformation of the logistics industry as well as the expansion of cargo hinterland. The reservation of approximately 32 hectares of land in the Hung Shui Kiu/Ha Tsuen New Development Area for the development of a modern logistics hub will further help consolidate Hong Kong’s role as an international maritime centre. However, we consider that in developing a modern logistics industry park, the Government should adopt a market-oriented, enterprise-centred approach, in order to respond flexibly to the needs of businesses and offer appropriate incentives to attract enterprise participation.

    Diversified Policies and Continuous Investment to Energise Retail Consumption and Leasing Market

    We welcome the Government’s introduction of diversified initiatives and continued funding to promote Hong Kong’s exhibition industry, incentive travel, revitalisation of historic buildings, international cruise development, major sports events, harbourfront enhancement works and the “urban-rural integration” initiatives. Through these targeted and wide-ranging programmes, Hong Kong will be able to attract visitors of different segments and spending power, broaden its visitor base and enhance the overall competitiveness of the tourism industry. We believe these measures will drive the development of high value-added economic activities, further stimulate local retail consumption and invigorate the shop leasing market, thereby injecting additional momentum into the overall economy and delivering long-term benefits.

    We remain optimistic about the medium- to long-term outlook for retail rents in Hong Kong. As the relevant policies are progressively implemented and tourism continues to strengthen, we expect retail rents to show more positive adjustments.

    Response to the Budget 2026/2027 by Rosanna Tang, Executive Director, Head of Research, Hong Kong of Cushman & Wakefield:

    Optimising Land Resources to Promote Student Hostel Development

    With the implementation of various talent admission schemes, the planning of the Northern Metropolis University Town, and policies aimed at attracting outstanding students from around the world to study in Hong Kong, demand for residential accommodation and student hostels is expected to continue rising.

    The Development Bureau earlier announced the rezoning of three commercial sites in Kai Tak, Siu Lek Yuen in Sha Tin and Tung Chung East for post-secondary student hostel use, which are expected to provide around 4,500 hostel places. The further implementation of relevant measures in this Budget will help alleviate the shortage of hostel places and, in the longer term, ease rental pressure in the residential market, supporting the healthy development of the property market.

    However, as student hostel projects are not permitted for strata-title sale and typically involve a longer payback period, we recommend that the Government provide appropriate incentives in the land sale conditions. For example, priority could be given to sites located near post-secondary institutions, and greater flexibility could be offered in land premium arrangements or tender terms to encourage active participation by developers.

    Northern Metropolis University Town

    Regarding development of Northern Metropolis University Town, the Government has demonstrated its commitment to expediting the development of higher education and advancing the “Study in Hong Kong” initiative by granting three sites in the Hung Shui Kiu/Ha Tsuen New Development Area and earmarking HK$10 billion in loans to support campus construction. This will help further enhance Hong Kong’s overall attractiveness as a regional education hub.

    We hope that, as student intake and campus sites are introduced into Hung Shui Kiu/Ha Tsuen, they will be closely aligned with the district’s industry positioning and functional roles, generating synergy. At the same time, a clear division of roles and complementary development should be established with future education sites to be launched in Ngau Tam Mei.

    Response to the Budget 2026/2027 by Tom Ko, Executive Director, Head of Capital Markets, Hong Kong of Cushman & Wakefield:

    Adjustments to Investment Immigration Policy to Draw Global Capital

    We support the Government’s continued efforts to strengthen talent admission from both Mainland and overseas markets. However, this year’s Budget did not set out concrete measures to assist incoming talent in acquiring properties in Hong Kong. We recommend a calibrated adjustment of the investment threshold and an expansion of the categories of qualifying investment properties. Instead of restricting investment solely to non-residential assets, the Government could consider prudently incorporating selected residential properties into the scope.

    At the same time, we propose a review of the banking and mortgage restrictions applied to non-local investors, with a view to enhancing flexibility in capital deployment and circulation. These refinements would help attract additional international capital and high‑calibre talent to establish a long‑term presence in Hong Kong.

    Prudent Adjustment of Stamp Duty on Luxury Residential Properties

    Regarding the Government’s increase in stamp duty on residential property transactions exceeding HK$100 million, and in line with the “affordable users pay” principle, we consider the adjustment to remain at a rational level. Nevertheless, in the short term, it may lead some potential buyers to defer their purchasing decisions. We believe that once the market has adjusted, transaction momentum in the luxury residential segment should remain resilient. We would encourage the Government to continue exercising prudence in adjusting stamp duty rates on luxury properties, so as not to undermine the overall attractiveness of Hong Kong’s property market.

    Hashtag: #Cushman&Wakefield

    The issuer is solely responsible for the content of this announcement.

  • 戴德梁行就2026/27年度財政預算案作以下回應

    香港 – Media OutReach Newswire – 2026年2月25日 –
    戴德梁行大中華區首席執行官及環球董事趙錦權先生就2026/2027年度財政預算案以下議題作出回應：

    以錨機構與清晰分工，提升北部都會區落地效率

    政府提及將進一步推動在北都持有土地的發展商，聯同科技或先進製造企業向政府提出合作發展方案。本行認為，在北都推動公私營合作模式，可提升執行效率及減輕政府財政壓力，有助加快及落實北都發展，亦能善用市場效率與創新能力。不過，其關鍵亦在於政府如何清晰界定公共與商業角色，確保長遠產業發展目標、土地用途及回報分配的透明度，以吸引私人市場參與。若配合清晰規劃、分階段落實及嚴謹監管，公私營合作模式將能成為推動北部都會區產業化的重要工具。

    如我們早前亦在研究報告提出，政府可考慮鎖定及引入戰略性的「錨機構」，並避免各個片區產業功能模糊的局面，以確立片區定位和提升片區吸引力，期望政府能盡快落實並公布相關大學及科技產業進駐的細節，增強發展商對於落戶北都及片區開發的信心。同時，本行樂見政府采納本行早前建議，落實北都地價繳付彈性安排，有助紓緩企業開發土地的現金流壓力，提升公私營合作模式與產業導入的可行性與速度。

    建議善用強積金資產拓寬北都融資渠道

    本行支持政府提高兩個債券計劃的借款上限至9,000億元，為北部都會區發展融資，未來亦將發行更多較長期的債券，以更配合現金流年期與工程項目的資金配置。然而，除了向市場直接發債，本行建議可從更宏觀的資產配置角度，善用龐大的強積金資金池。根據積金局數據，截至2025年12月底，強積金總資產升至約1.55萬億元，突破歷史新高。政府可考慮適度放寬強積金投資限制，容許運用一定比例資產（例如10%）投資於北部都會區發展的長期債券。此舉既能為北都建設提供穩定的資金來源，亦能為強積金成員提供多一個風險相對較低、回報較為穩定的投資選項，達致雙贏局面。

    房屋供應

    政府來年的賣地表供應量，以及未來三至四年一手私人住宅潛在供應量，均顯示土地及房屋供應趨穩定。我們建議政府應同時簡化招標條款，並把土地有序地推出市場，以吸引更多不同發展商參與競投，激活市場。

    建議協助「簡樸房」居民安置

    「簡樸房」規管制度預計於今年3月1日生效，過渡安排為期四十八個月，屆時或有部分單位不符要求，導致居民需要遷出，加上全港樓齡逾50年的舊型公共屋邨約有2.7萬個單位，重建安置壓力巨大。本行認為，市區重建策略應具備彈性及財務可持續性，政府需制定清晰的安置優先次序，合理分配有關單位予受影響居民、舊屋邨租戶及輪候冊人士。

    針對市建局目前的收購模式，現行以接近一手住宅物業價格（包含自置居所津貼）進行收購的機制，往往令局方面臨沉重的財政負擔。對此，本行建議政府深入優化「樓換樓」機制，以減輕現金賠償的壓力。具體而言，我們期望政府能探討將新發展區，如將軍澳等的土地撥予市建局或相關機構，專門用作非原區安置的「樓換樓」用途。此外，現行的「七年樓齡」補償基準雖有其依據，但政府不妨考慮向舊樓業主提供更具吸引力的換樓條件，以此作為誘因，加速搬遷流轉。

    我們相信此舉不僅能有效減少重建初期的龐大現金支出，紓緩市建局的流動資金壓力，更能在重建項目落成並售出後，讓資金回流以支持後續項目，從而建立一個資金良性循環的可持續重建模式。

    戴德梁行香港董事總經理蕭亮輝先生就2026/2027年度財政預算案以下議題作出回應：

    港投公司與市場資本合作有助優質商業物業項目發展

    我們同意政府因應市場供求情況，來年繼續不推售一般商業用地的措施。截至去年第四季末為止，本港整體甲廈待租率約20.3%，暫緩推售商業地可讓市場逐漸消化現時空置樓面有助穩定寫字樓市場，惟政府宜定期檢視市場情況，適時重售商業地塊。

    至於港投公司與市場資本合作，引導資金投向符合香港產業定位的優質商業物業項目，並把項目與目標行業的企業對接，整體方向正面，並符合市場化的原則。此舉不但可改善項目與企業之間的對接效率，為創科、醫療科研等新興產業提供更合適的項目，同時可為商用物業板塊注入新需求。

    沙嶺數據中心用地強化香港數據樞紐地位

    政府提速推動人工智能產業化，鼓勵人工智能的廣泛應用及與各行業深度融合，長遠對於數據中心的算力需求將大幅提升，帶動本地對高規格數據中設施的吸納能力。

    至於沙嶺數據中心用地提供逾250萬平方呎樓面面積，相對於目前全港數據中心約1000萬平方呎總存量約25%，屬近年罕有的大型供應。若項目稍後成功批出，將為本港人工智能發展提供高電力容量及基礎設施，長遠將有助提升香港於大灣區及亞洲的數據樞紐地位。

    鞏固國際航運樞紐靈活應對企業於物流用地的需要

    政府提出配合國家航運戰略、推動香港國際航運中心升級，並加快物流業智慧化及拓展貨源腹地，並預留約三十二公頃土地於洪水橋/廈村新發展區發展現代物流圈，此舉有助進一步鞏固香港作為國際航運樞紐角色。

    然而，我們認為政府在建設現代物流產業園區時，應以市場導向、企業為本，靈活應對企業的需要並加以配合，同時提供不同優惠，以吸引企業進駐。

    多元化措施和持續撥款帶動本地零售消費及商舖市場

    我們樂見政府推出多元化措施和持續撥款，全方位推動本港展覽業、獎勵旅遊、活化歷史建築、國際郵輪、體育盛事、海濱優化工程及「城鄉共融」計劃等多個層面。透過這些具針對性且豐富的活動，不僅能吸引不同目標及消費能力的旅客來港，拓寬客源，同時亦有助全面提升旅遊業的競爭力。我們相信，上述舉措將推動高增值經濟活動的發展，並進一步帶動本地零售消費及商舖市場的活躍，為整體經濟注入更多動力，實現長遠效益。

    我們對中長期本港的商舖租金持樂觀態度，相信隨著政策的逐步落實及旅遊業的進一步提升，商舖租金將出現更正面的變化。

    戴德梁行執行董事及香港研究部主管鄧淑賢女士就2026/2027年度財政預算案以下議題作出回應：

    善用土地資源推動學生宿舍發展

    隨著各項人才入境計劃、北都大學城規劃及吸引全球優秀學生來港就學的政策推進，市場對住宅及學生宿舍的需求預期將持續上升。發展局早前公布把啟德、沙田小瀝源及東涌東三幅商業用地改劃為專上教育學生宿舍用途，預計可提供約4,500個宿位；對於本次預算案進一步落實相關政策，有助有效紓解宿位短缺，長遠亦可緩和住宅租金壓力，利好樓市健康發展。惟學生宿舍項目不可拆售且回本期較長，建議政府在賣地條款上提供適度誘因，例如優先選址於鄰近專上院校的地段，並在補地價或招標條款上給予更大彈性，以吸引發展商積極參與。

    北都大學用地

    政府在北部都會區大學城發展中，透過批出三幅位於洪水橋／厦村的新發展用地，並以貸款形式預留一百億元支持校舍建設，充分展現加快推動高等教育及『留學香港』政策的決心，有助進一步提升香港作為區域教育樞紐的整體吸引力。期望洪水橋／厦村在引入學生及校舍用地的同時，能與該片區既有的產業發展方向與功能定位緊密結合，產生協同效應，並與日後於牛潭尾推出的教育用地形成清晰分工、互補發展。

    戴德梁行執行董事及香港資本市場部主管高偉雄就2026/2027年度財政預算案以下議題作出回應：

    調整投資移民政策吸納國際資本

    本行支持政府持續加強海內外招才引智，但本次未見就協助來港人才在港置業提出具體安排。我們建議適度下調投資門檻，並擴闊合資格投資物業範圍，毋須僅限於非住宅物業，亦可審慎將部分住宅物業納入計算。同時，建議檢視外來投資者在銀行融資與按揭方面的限制，提升資金運用與流轉的靈活性，以吸引更多國際資本與高端人才長期落戶香港。

    建議政府審慎調整豪宅稅率

    對於政府提高一億元以上的住宅物業交易印花稅稅率，基於「能者多付」原則，本行認爲是次調整仍屬理性水平，但短期內難免導致部分潛在買家暫緩入市。不過，我們相信待市場作出調整後，香港豪宅市場交投仍能夠維持熱度。我們寄語政府未來應繼續審慎調整豪宅稅率，以免削弱香港房地產市場的吸引力。Hashtag: #Cushman&Wakefield

    The issuer is solely responsible for the content of this announcement.

  • China’s Dairy Serves Overseas Winter Olympics for the First Time Mengniu’s “World-Class Quality” Nourishes Global Athletes’ Drive to Excel

    MILAN, ITALY – Media OutReach Newswire – 25 February 2026 – From February 7 to 23, 2026, during the Milan-Cortina Winter Olympic Games, Mengniu Group, as a Worldwide Olympic Partner (TOP), has introduced three specially crafted dairy products—pure milk, yogurt, and butter—into the Milan Olympic Village. These products provide high-quality nutritional support to athletes, coaches, and staff from around the world. This marks the first time China’s dairy industry has served an overseas Winter Olympic Games. Mengniu is the only Chinese dairy enterprise supplying products for this Winter Games, once again demonstrating its world-class product quality and its strong capability to lead China’s dairy industry onto the global stage.

    The second "China Night" event, hosted by Mengniu Group and guided by the Chinese Olympic Committee, was held in Milan
    The second “China Night” event, hosted by Mengniu Group and guided by the Chinese Olympic Committee, was held in Milan

    Notably, during the Milan-Cortina Winter Olympic Games, the second “China Night” event, hosted by Mengniu Group and guided by the Chinese Olympic Committee, was held on the evening of February 7 in Milan. The event, themed “China Night, Light of the Five Rings,” aimed to unite Chinese sports culture, promote the Olympic spirit, and foster international cultural exchange and mutual learning. Speeches were delivered by International Olympic Committee (IOC) President Coventry, Chinese Olympic Committee Deputy Secretary-General and Director of Market Development Yu Jianyong, and Mengniu Group President Gao Fei. Attendees included IOC Executive Board Member and Chinese Olympic Committee Vice President Li Lingwei, IOC Member Zhang Hong, Asian Olympic Council Athletes’ Commission Chair Ding Ning, TCL Technology CEO Wang Cheng, Alibaba Olympic Marketing Department General Manager Xie Long, as well as representatives from sports, culture, business, and media sectors.

    “‘China Night’ has become a bridge for promoting sports and cultural exchange, which is the essence of the Olympic Games: bringing people together and building mutual understanding,” said Bach in his speech. Coventry added that her 2025 visit to Mengniu deeply impressed her with their shared values. Looking ahead, he expressed his commitment to continue partnering with Mengniu to advocate the Olympic spirit through healthy products, sustainable development, and a passion for sports and culture, and he looks forward to the next “China Night” event at the Los Angeles Olympics.

    Mengniu Group President Gao Fei stated that sports and milk are natural allies. Mengniu’s corporate spirit of “Born to Excel” resonates perfectly with the Olympic motto “Faster, Higher, Stronger—Together.” Mengniu aims not only to bring healthy, nutritious products to the Olympic arena but also to extend its corporate responsibility and commitment worldwide, further promoting the Olympic spirit.

    As the world’s first dairy TOP partner, Mengniu leverages its solid product strength and outstanding quality to provide comprehensive nutritional support for the Olympics. At the Milan Olympic Village, Mengniu Group offers three dairy products—milk, yogurt, and butter—ensuring high-quality nutrition for athletes, coaches, and staff from around the globe.

    Mengniu's three products (whole milk, lactose-free simple yogurt, butter) serving the Milan-Cortina Winter Olympic Games
    Mengniu’s three products (whole milk, lactose-free simple yogurt, butter) serving the Milan-Cortina Winter Olympic Games

    Mengniu has supplied three products to the Olympic Village: whole milk, lactose-free simple yogurt, and butter. These three complementary dairy categories cover athletes’ basic nutritional needs while also catering to the personalized requirements of special groups, fully realizing the goal of “drinking milk, drinking good milk, and drinking the right milk” for athletes. When China’s dairy innovation meets the Olympic spirit of striving for excellence, a mutual journey of “breakthrough” shines brilliantly on the Milan-Cortina Winter Olympic Games stage.

    This cultural expression through paper-cutting art aligns perfectly with Mengniu’s brand story told to the world. On the occasion of the 2026 Milan-Cortina Winter Olympic Games opening, Mengniu released the opening theme film “Opening” under the slogan “Crossing Thousands of Mountains and Seas, Together for the Winter Olympics.” The film invites billions of viewers worldwide to experience the warmth of Chinese New Year reunions on the global stage of ice and snow sports, jointly witnessing the mutual pursuit of “excellence” and “togetherness.” The “Opening” film uses the snowy landscape as paper and ice sports as the carving tool to create Chinese paper-cut art. With lively morin khuur (horsehead fiddle) and throat singing, it features Mengniu brand ambassadors—Eileen Gu, Jia Ling, Xiao Zhan, and Jackson Yee—conveying the spirit of “Born to Excel.” The film cleverly connects scenes of the grasslands, the Great Wall, the Leaning Tower, and the sports venues, symbolizing Mengniu’s journey from grassland cattle and Chinese cattle to world-class cattle in its pursuit of excellence. Released at the Milan-Cortina Winter Olympic Games opening, this theme film once again showcases the style and responsibility of Chinese brands to the world. “Born to Excel” shines like a radiant spiritual totem, adding a moving Eastern echo to the long history of the Olympics.

    The Milan chapter of “China Night” concluded successfully, while a new chapter of dialogue between Chinese brands and the world has just begun. Looking ahead, Mengniu will inspire perseverance through the light of sports, connect hearts through the light of culture, and illuminate the future through the light of sustainability. With this warm and powerful “Light of China,” Mengniu aims to contribute even greater strength to the global development of the Olympic movement.

    Hashtag: #Mengniu

    The issuer is solely responsible for the content of this announcement.