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Airport City Blueprint Presented to Business Community with New Brand “SKYTOPIA”

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HONG KONG SAR – Media OutReach Newswire – 22 January 2025 – Airport Authority Hong Kong (AAHK) presented the Airport City blueprint to the business community at a major event today as the new brand of the development, “SKYTOPIA”, was unveiled.

Airport City Blueprint Presented to Business Community with New Brand “SKYTOPIA”

The event showcased the development potential and investment opportunities at “SKYTOPIA”, with themed exhibition zones introducing the major projects, attracting over 300 business leaders from Hong Kong, Mainland and international business community.

Integrating commercial activities, popular culture, art trading, entertainment and leisure, “SKYTOPIA” features projects that capitalise the unique advantages of Hong Kong and leverage the land and marine resources near Hong Kong International Airport (HKIA). Highlights include:

  • Hong Kong’s first one-stop art hub which puts art creation, appreciation and trading under one roof;
  • Hong Kong’s first dedicated stand-alone art storage facility;
  • Airport Bay Marina as Hong Kong’s largest yacht bay providing over 500 berths;
  • Hong Kong’s largest water recreation area;
  • Jet Fresh Market with fresh gourmet products delivered from around the globe;
  • Phase 2 development of AsiaWorld-Expo comprising Hong Kong’s largest indoor purpose-built performance venue housing 20,000 spectators;
  • Sportainment complex combining indoor and outdoor sports concepts for adventure, exploration, sports and entertainment;
  • Marine resort and luxury hotel;
  • Promenade encompassing a 1.5 km-long CoveWalk and Piazza;
  • Green and smart transport system featuring automated car parks and autonomous vehicles and more.
Fred Lam, Chairman of AAHK, remarked at the event, “We envisage that HKIA will not be just a place for passengers to board their flights or a portal for entering Hong Kong. Our vision is to develop ‘SKYTOPIA’ into a landmark of its own, and a world-leading destination, attracting visitors from within Hong Kong and the prosperous Greater Bay Area, as well as major markets in Asia and the rest of the world. AAHK’s role is to build the key infrastructure and create a platform for experts and investors to deliver services and products through their specially designed facilities. We are grateful to the HKSAR Government for the policy support and excited to see the positive responses from the business community. We look forward to working with investors to make ‘SKYTOPIA’ a key economic driver of Hong Kong and beyond.”

“SKYTOPIA” embodies the key attributes and aspirations of the development, with “SKY” and “IA” (International Airport) manifesting its airport lineage and global reach, while “TOP” promises top-tier experiences for visitors and highlighting its position as a leading regional landmark. SKYTOPIA is set to be visitors’ dream destination with sky-high attractions.

Hashtag: #HKIA #AirportAuthorityHongKong

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

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Asian Stationery & Office Products Online Exhibition 2025 Grand Opening

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TAIPEI, TAIWAN –

Jointly organized by AsianNet and TradeAsia (www.e-tradeasia.com), ASOP has delivered exceptional results since its inception in 2022, attracting international buyers and generating significant business opportunities. The 2025 edition promises to be even more expansive, with a six-month exhibition period strategically aligned with major international events, including Paperworld India, Designed Giftionery Taiwan, China (Shenzhen) International Gifts & Homeware Fair, Hong Kong International Stationery Fair, China Stationery Fair (CSF) 2025, and ISOT Tokyo 2025. This alignment creates a synergistic platform for global buyers, facilitating convenient comparisons and streamlined purchasing experiences.

ASOP 2025 has already secured the participation of numerous esteemed Taiwanese suppliers, including industry leaders such as FRLEND CHLU, ELASTIN INTERNATIONAL, HIGHGRADE TECH, FLYWELL INTERNATIONAL and ACE DRAGON. These exhibitors will present their latest innovations across a diverse range of categories, including: Art & Craft, Art & Drafting Supply, Bags, Binding & Cutting, Computer Accessory & Peripheral, Computer Input Device, Desk Supply, Educational Supply, Festival & Party Supply, Gift & Gift Set, Gift Packaging & Accessory, Office Equipment, Office Furniture, Office Kitchen, Office Stationery, Paper & Paper Product, Paper Machinery, Printer Supply, Promotional Product, Publishing Supply, Writing Supply. With thousands of innovative stationery and office products, along with practical accessories and solutions on display, ASOP 2025 promises a comprehensive, engaging, and highly focused experience tailored to the needs of buyers and professionals in the stationery and office supplies industry.

ASOP 2025 Online Exhibition:
https://www.etradeasia.com/online-show/36/Asian-Stationery-Office-Products-Online-Exhibition-2025.html

In response to the evolving landscape of international trade, ASOP 2025 offers an array of virtual solutions to ensure accessibility and global reach. These include dedicated exhibitor pages, electronic catalogs, and immersive virtual exhibition halls—all seamlessly integrated with TradeAsia. Buyers can explore products, initiate inquiries, and engage in procurement discussions in real time, eliminating geographical barriers and travel constraints.

Founded in 1997, TradeAsia (www.e-tradeasia.com) is a premier B2B international trade platform, serving as a vital link between global buyers and suppliers. With millions of registered members, over 600,000 suppliers, and a vast catalog of products, TradeAsia is a trusted resource for businesses seeking to expand their international presence. By fostering collaborations with hundreds of trading entities worldwide, TradeAsia amplifies visibility and marketing impact for its members, providing a competitive edge in the global market.

With its extended duration and comprehensive platform, ASOP 2025 is poised to be the most influential event for the stationery and office products industry in Asia. Don’t miss this opportunity to connect with leading suppliers and explore the latest innovations.

Hashtag: #TradeAsia

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

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Yeebo Declares a Special Dividend of HKD1.8 per Share

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Accelerating Growth in AI and AI Compute

HONG KONG SAR – Media OutReach Newswire – 22 January 2025 – Yeebo (International Holdings) Limited (“Yeebo” or the “Company”, stock code: 259, which together with its subsidiaries is referred to as the “Group”) announced that the board of directors of the Company (the “Board”) resolved to declare a special dividend of HKD1.8 per share today.

The Board declared a special dividend following the Group’s disposal of 127,578,590 shares of Nantong Jianghai (stock code: 002484.SZ), representing approximately 15% of Nantong Jianghai’s issued shares. After the transaction, Yeebo stays on as a strategic shareholder with a substantial 13.81% stake and continues confidence in Nantong Jianghai’s robust growth prospects. As at 22 January 2025, the closing price of Nantong Jianghai was RMB26.77 per share, and the market value of the Group’s interest in Nantong Jianghai was approximately RMB3.1 billion.
The disposal generated net proceeds of approximately HK$2.2 billion, which will enhance Yeebo’s financial strength and catalyze further business expansion and development. The special dividend will be payable on or around 24 February 2025, to the shareholders of the Company whose names appear on the register of members of the Company on 12 February 2025.
Mr. Douglas Fang, Chairman of Yeebo, said, “We are delighted to announce the completion of this transaction and the distribution of a special dividend to our shareholders. This reaffirms our dedication to value creation and the commitment to rewarding our shareholders for their ongoing support. By maintaining a strategic stake in Nantong Jianghai, we anticipate continued benefits from its future growth, delivering even greater rewards to our shareholders.
“We will also use some of the proceeds to further develop our core business. Over the past 18 months, we have also expanded into the field of artificial intelligence (AI) and AI compute, making significant strides in this emerging high-growth area. This advancement will drive future growth and long-term development.”

Hashtag: #Yeebo

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

About Yeebo (International Holdings) Limited

Founded in 1988, Yeebo (International Holdings) Limited is a diversified electronic component company, with a wide range of business interests in flat panel display, OLED and capacitor. Headquartered in Hong Kong, the manufacturing activities largely reside in Guangdong and Jiangsu provinces. With a global sales footprint, Yeebo is able to serve its global customers on a local basis.

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Aon Forecasts 11.1 Percent Increase in Employee Medical Plan Costs for Businesses in Asia Pacific

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Medical trend rates in the APAC region rank second-highest globally, according to report

SINGAPORE – Media OutReach Newswire – 22 January 2025 Aon plc (NYSE: AON), a leading global professional services firm, has released its 2025 Global Medical Trend Rates Report. The report forecasts a projected 11.1 percent rise in the Asia Pacific region (APAC), which is higher than the global projected increase for 2024 of 9.7 percent, which represented the highest increase forecasted in 10 years.

Trend rate figures represent the percentage increase in medical plan costs per employee – both insured and self-insured. Knowing estimated costs in advance can help organisations budget and adjust their benefits philosophy in response, ensuring programs are sustainable.

This year’s report projects APAC will experience the second highest year-over-year trend rate increase after the Middle East and Africa, which has the highest trend rate of any region at 15.5 percent.

Forecasted Medical Trend Rate from 2024 to 2025
2024 2025
Asia Pacific 9.7% 11.1%
Global 10.1% 10.0%
Europe 10.4% 8.9%
North America 7.6% 8.8%
Latin America and Caribbean 11.7% 10.7%
Middle East and Africa 15.1% 15.5%

“The biggest rise in medical utilisation and inflation are now behind us in APAC, but recovery in insurer profitability is expected to keep medical trend rates in the double digits for 2025 and 2026,” said Alan Oates, head of global benefits for Asia Pacific at Aon.

“The high medical trend rate can also be attributed to a higher incidence of cancer and chronic conditions than before the COVID-19 pandemic. Managing the impact of medical inflation therefore should be a top priority for all southeast Asia markets and especially important in New Zealand, Papua New Guinea, Thailand and Vietnam, which are seeing 50 to over 100 percent increases compared to last year,” Oates explained.

The survey further revealed that prescription and specialty medications, including weight loss medication, innovations in medical technology, and geopolitical factors, are significantly impacting medical trend rates in APAC and around the world. In addition, support for emotional health as the fastest-growing claim in Aon’s APAC client portfolio, wellbeing initiatives designed to mitigate stress, along with other plan enhancements, are also contributing to the double-digit medical trend.

“Although most insurers are still raising premiums, we are seeing a slight drop in some markets where risk appetites are returning among insurance providers that were quick to take corrective measures in previous renewal periods. As these insurance providers can now offer competitive pricing terms, we are encouraging clients to test the market as there is increasing value in doing so,” said Marina Sukhikh, professional services industry practice leader, global benefits for Asia Pacific at Aon.

How are Companies Addressing Rising Costs?
Wellbeing programs, plan design changes, alternative financing, data and analytics and flexible benefits are among the top strategies employers are expected to undertake in 2025 to affordably promote a healthy workforce.

Sukhikh said, “Aon has observed growing co-investment in wellbeing initiatives by employers and insurers. Greater investment is being matched with greater scrutiny into investment return, and wellbeing programs are increasingly being integrated and aligned with prevention strategies. For example, more initiatives are targeting physical inactivity, poor stress management, hypertension, high cholesterol and other risk factors driving chronic conditions that lead to adverse future claims.”

“We are encouraging clients to seek a more integrated value-based outcome from insurers where they are cooperating in the sharing of data, investment in wellbeing and offering creative solutions for design and financing. Sophisticated analytics tools, such as Aon’s Health Risk Analyzer, are helping companies leverage a growing volume of multi-source data, not just to identify and mitigate today’s risks but to accurately predict and prepare for the risks of tomorrow. Technology is helping us identify under-served populations and anticipate opportunities faster than ever,” added Sukhikh.

According to Aon’s 2024 Global Benefits Trends Study, employers in around 60 percent of countries are expected to use flexible benefit plans to address diverse workforce needs while controlling overall benefit costs. Meanwhile, one in three are actively considering alternative benefits financing arrangements, such as multinational pooling, global underwriting and captives.

“More than at any point in the last 10 years we have observed employers taking steps to reduce plan design due to affordability. Flexibility and choice have been a valuable tool in design change because employees generally place a greater value on shorter-term flexibility and choice than they do on longer-term core benefits. Alternative funding will not materially reduce cost, which is generally determined by claims and scale, but it can smooth cost volatility over a longer period than is possible with direct insurance and that is helpful in this volatile market,” Oates added.

Read Aon’s 2025 Global Medical Trend Rates Report.

About the report:
The report is based on insights from 112 Aon offices that broker, administer, or advise on employer-sponsored medical plans in each of the countries covered in the report. The findings reflect the medical trend expectations of Aon professionals based on their interactions with clients and carriers represented in the portfolio of the firm’s medical plan business in each location.

As employer-sponsored medical plans become a larger part of total rewards spend and pressure mounts to accurately forecast and manage costs, this report is a valuable resource for organisations to plan global budgets and benefits strategies for 2025 and beyond.

Read Aon’s 2025 Global Medical Trend Rates Report.
Hashtag: #Aon

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

About Aon

(NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

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Disclaimer
The information contained in this document is solely for information purposes, for general guidance only and is not intended to address the circumstances of any particular individual or entity. Although Aon endeavours to provide accurate and timely information and uses sources that it considers reliable, the firm does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of any content of this document and can accept no liability for any loss incurred in any way by any person who may rely on it. There can be no guarantee that the information contained in this document will remain accurate as on the date it is received or that it will continue to be accurate in the future. No individual or entity should make decisions or act based solely on the information contained herein without appropriate professional advice and targeted research.

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