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Chinese Tycoon Ren Li Honored As Responsible Business Leader At Asia Corporate Excellence & Sustainability (ACES) Awards 2024
Letright Corporation Founder recognized for his commitment to sustainable practices, ethical integrity, and impactful leadership.
BANGKOK, THAILAND – Media OutReach Newswire – 5 December 2024 – Ren Li, the visionary founder of Letright Corporation, was awarded the Responsible Business Leader title at the prestigious ACES Awards 2024. His recognition highlights his pioneering efforts in integrating sustainability into business operations and his unwavering commitment to ethical governance and community welfare.
The award ceremony, held on November 14, celebrated leaders who exemplify sustainable practices and ethical integrity. Ren Li’s journey began in 1999 when he founded Letright Corporation, tapping into China’s burgeoning furniture market. His commitment to sustainability was evident as early as 2001 when he ceased the production of wooden patio umbrellas, driven by a sense of responsibility and love for the planet, rather than external pressures. Letright embraced these values even before the Paris Agreement in 2015.
Under Ren Li’s leadership, Letright has consistently pushed the boundaries of innovation. In 2001, Letright revolutionized the industry by mass-producing solar lights, laying a strong foundation in photovoltaic technology. By 2007, the introduction of Polywood, a wood-effect material, further reduced wood usage, balancing sustainability with business success. In 2016, Letright adopted eco-friendly technology to create wood-effect finishes on non-wood outdoor furniture, satisfying consumer demand while expanding market share.
In his acceptance speech, Ren Li expressed gratitude to his team at Letright Industrial Corp., Ltd., and his family, especially his daughter, for their unwavering support. He also acknowledged the ACES platform for fostering a community of leaders dedicated to sustainable development.
Ren Li highlighted Letright’s innovations, such as the Solaryard Smart Pergola launched in 2023, which is pivotal in enriching outdoor living while contributing substantially to sustainable development. This groundbreaking product addresses outdoor challenges and transforms spaces into vibrant, energy-efficient environments. He noted that the market for smart pergolas is projected to exceed 100 million units over the next decade, potentially generating 200 billion kilowatt-hours of electricity and significantly reducing global carbon emissions.
He concluded by reaffirming his belief that businesses have a responsibility to drive economic progress while protecting the planet and communities. He urged entrepreneurs to embrace sustainability as a necessity for creating a future where people and nature thrive together. “Thank you all for your support and belief that business can and should be a force for good. Let us continue to lead with purpose, inspire others, and create brighter, sustainable solutions for the challenges that lie ahead. Together, we can reshape the future of global business and the environment,” Ren Li stated.
Hashtag: #LetrightCorporation #ACESAwards2024 #ResponsibleBusinessLeader #Sustainability
https://www.letright.comThe issuer is solely responsible for the content of this announcement.
About Letright Corporation
Founded in 1999 by Ren Li, Letright is a fully integrated outdoor furniture company offering comprehensive solutions in design, R&D, manufacturing, and sales. The company holds over 1,000 product patents and has received numerous international design awards, including IF and Red Dot. With a presence in over 70 countries, Letright has established strategic partnerships with major retailers worldwide, known for its exceptional product design and market insights.
Committed to becoming a global leader in outdoor living through innovation and sustainability, Letright has embraced eco-friendly materials and technologies, moving away from solid wood to sustainable alternatives. In 2023, Letright launched the Solaryard Smart Pergola, a revolutionary product enabling year-round outdoor enjoyment with negative carbon emissions. This dedication to excellence and environmental stewardship is encapsulated in its mission: “Better outdoor living, happier human beings.”
Media OutReach
Owner-Operated Serviced Office CoWorkSpace Opens at 6 Raffles Quay Level 16, Offering Members Stable Pricing in a Landlords’ Market
As Singapore CBD office rents rise for a fifth consecutive quarter and vacancy hits a record low, CoWorkSpace aims to shield members from rent increases that flex operators typically pass through.
SINGAPORE – Media OutReach Newswire – 26 May 2026 – CoWorkSpace is conveniently located at 6 Raffles Quay #16-01, occupying an entire floor within the office tower and comprising more than 50 private suites designed for startups, SMEs, and established corporations across shipping, financial intermediaries, family offices, professional services, business consultancy, technology, and trade-related industries.
Hashtag: #ServicedOffice #Coworking #CoworkingSpace #RafflesQuay #RafflesPlace #SingaporeCBD #SGCBD #PrivateOffice #PrivateSuites #OwnerOperated #FlexibleWorkspace #BusinessAddress #SMESingapore #SGBusiness #CoWorkSpace
https://www.coworkspace.com.sg/
CoWorkSpace Serviced Office.
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JOYY Reports First Quarter 2026 Financial Results: Total Revenue YoY Growth Hits Multi-Year High
In the first quarter, JOYY’s total revenues reached US$555.7 million, up 12.4% year over year, representing the Company’s highest year-over-year growth rate in recent years. Social entertainment revenue increased 3.2% year over year to US$400.4 million. BIGO Ads ad tech and SHOPLINE e-commerce, the second growth engine of the Company, maintained strong growth momentum. BIGO Ads revenue reached US$124.8 million, up 55.6% year over year, while SHOPLINE contributed US$30.5 million, up 16.1% year over year.
In the first quarter, the Company’s non-GAAP1 operating income increased 22.5% year over year to US$38.0 million, while non-GAAP1 EBITDA grew 13.2% year over year to US$45.7 million. Operating cash inflow for the quarter was US$46.0 million. Net cash as of March 31, 2026 stood at US$3.18 billion.
Simultaneously, JOYY announced a new share repurchase program, under which the Company is authorized to repurchase up to US$600 million of its shares until the end of 2028, and a new quarterly dividend program, under which a total of approximately US$900 million in cash will be distributed on a quarterly basis between 2026 and 2028. The new shareholder return program amounts to approximately US$1.5 billion, underscoring JOYY’s confidence in its long-term growth potential.
- This press release includes certain non-GAAP financial measures as additional clarifying items to aid investors in further understanding the Company’s performance and the impact that these items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled “JOYY Reports First Quarter 2026 Unaudited Financial Results” issued by the Company on May 26, 2026.
Hashtag: #JOYY
The issuer is solely responsible for the content of this announcement.
Media OutReach
“Made in Binzhou” Heads to Tianzhou-10 Cargo Spacecraft——Binzhou Sci-Tech Power Embarks on a Hardcore Space Mission
This initiative is a collaborative effort involving the University of Chinese Academy of Sciences (UCAS), the National Space Science Center of the Chinese Academy of Sciences, and the Binzhou Weiqiao UCAS High Technology Research Institute. The successful launch marks a historic “zero-to-one” breakthrough, representing the first time private sci-tech forces from Binzhou and indeed Shandong province have reached space. It also stands as China’s first in-space experiment to study the solidification of lightweight high-entropy alloys under the dual-field coupling of “microgravity and rotating magnetic fields.”
As a national-level “space laboratory,” the manned space station hosts world-class research facilities and serves as a core platform for disruptive innovation in new materials. This successful deployment not only highlights the institute’s cutting-edge research capabilities but also signifies a deep integration between corporate scientific research and national aerospace engineering. Looking ahead, the institute will continue its deep dive into frontier fields such as space materials and lightweight alloys. By strengthening collaborative innovation across industry, academia, and research, they aim to empower the upgrading of the new materials industry with technological innovation, contributing both wisdom and strength to the development of China’s manned space program and the cultivation of new quality productive forces.
Hashtag: #BinzhouInformationOffice
The issuer is solely responsible for the content of this announcement.
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