Day: 2025-04-26

HONG KONG, Apr 26, 2025 - (ACN Newswire via SeaPRwire.com) – The Hong Kong Investment Promotion Conference – Zhejiang Ningbo Forum cum Ningbo-Hong Kong Economic Co-operation Forum, co-organised by the Hong Kong Trade Development Council (HKTDC), the Hong Kong SAR (HKSAR) Government and Ningbo Municipal People’s Government, was held Friday, Apr. 25, at the Shangri-La Hotel, Ningbo. The event attracted over 600 government and business leaders who discussed collaboration opportunities among Zhejiang, Ningbo and Hong Kong.The event was held on the 20th anniversary of the Ningbo-Hong Kong Economic Co-operation Forum. Hong Kong’s business advantages were highlighted to Zhejiang government officials as well as business leaders from the finance, supply chain, innovation and technology and professional services sectors. In addition to fostering Zhejiang-Hong Kong and Ningbo-Hong Kong collaboration, Zhejiang enterprises were encouraged to leverage Hong Kong’s platform to explore opportunities.The Forum’s opening ceremony was hosted by Mayor of Ningbo and Deputy Secretary of the CPC Ningbo Municipal Government Tang Feifan this morning, with speeches delivered by the HKSAR Chief Executive John Lee, Executive Vice Director of the Hong Kong and Macao Work Office of the CPC Central Committee and the Hong Kong and Macao Affairs Office of the State Council Zhou Ji, Chief Engineer of the Ministry of Industry and Information Technology Xie Shaofeng, Chief Risk Officer and Director General of the Department of Public Offering Supervision of the China Securities Regulatory Commission Yan Bojin, Vice Governor of Zhejiang Provincial Government Lu Shan, Standing Member of the CPC Zhejiang Provincial Committee and Secretary of the CPC Ningbo Municipal Committee Peng Jiaxue and HKTDC Chairman Dr Peter K N Lam.In his speech, Mr Lee said: "The Hong Kong SAR Government and the HKTDC established a high value-added supply chain service mechanism at the end of last year to help mainland enterprises set up international or regional headquarters in Hong Kong to manage offshore trade and supply chains. Hong Kong has robust international trade networks and rich expertise, diverse talent and world-class professional services. We are well positioned to offer mainland enterprises new supply chain services and lead these businesses in exploring emerging markets, breaking through the US blockade."Mr Zhou stated that the historical ties between Zhejiang and Hong Kong are long-standing, with the two regions sharing close personal relations, cultural connections and commercial linkages. Hong Kong is Zhejiang's largest source of foreign investment, the largest partner in trade in services and second-largest destination for Zhejiang's overseas investments. By the end of 2024, Hong Kong has established over 30,000 enterprises in Zhejiang, while Zhejiang had invested in over 3,000 enterprises in Hong Kong. The mutually beneficial collaboration between Zhejiang and Hong Kong is an exemplary model of regional cooperation between the mainland and Hong Kong.Mr Xie stated that Zhejiang's digital economy is vibrant, with outstanding advantages in industry agglomeration and strong momentum in developing industry and information technology. Ningbo and Hong Kong are both international port cities, sharing a close bond, human connection and commercial ties, with a long-standing history of interaction between the two places. Looking towards the future, the Ministry of Industry and Information Technology will continue to support Ningbo and Hong Kong in strengthening exchange and cooperation, promoting complementary advantages to make new and greater contributions to ensure the prosperity of Hong Kong's economy and the nation's modernisation.Mr Yan said that the China Securities Regulatory Commission fully supports mainland enterprises listing in Hong Kong. In March 2023, the China Securities Regulatory Commission implemented new regulations for overseas listings and established a regulatory coordination mechanism with various ministries. Since implementing the new rules, 141 mainland enterprises have completed the filing process for listing in Hong Kong, including 19 enterprises from Zhejiang. Among these, 13 Zhejiang enterprises and one Ningbo enterprise have completed their listing. These companies are involved in key sectors, such as information technology, biomedicine and consumer goods, contributing to the Hong Kong Stock Exchange ranking fourth globally in IPOs in 2024.He pointed out that the next step for the China Securities Regulatory Commission is to continue improving the institutional mechanism to provide a more transparent, efficient and predictable regulatory environment for overseas listings by enterprises.Mr Lu remarked that Hong Kong would become a "super navigator" for Zhejiang's globalisation efforts, while Zhejiang would become Hong Kong's best partner.He said: "In terms of deepening economic cooperation, Zhejiang enterprises can leverage Hong Kong's international platform to further expand into global markets and enhance their brand visibility. Hong Kong enterprises can also increase their investments in Zhejiang and Ningbo to share the benefits of Mainland China's economic development. In the technology field, we see joint efforts by research institutions and enterprises from both sides, and we believe that more technological innovation and industrialisation will be achieved in both regions."Mr Peng stated that for many years, members of Hong Kong’s Ningbo community have been contributing to the development of Hong Kong and the nation, creating many inspiring stories of patriotism showing love for their hometown and showcasing entrepreneurial innovation.He noted: "In recent years, cooperation between Ningbo and Hong Kong has been greatly advanced and continuously deepened, yielding fruitful results. For the people of Ningbo, Hong Kong is not only the world-renowned 'Pearl of the Orient', but also a vital force driving Ningbo's reform, opening up, and modernisation. It is a place of deep emotional connections and an opportunity-rich city linking us to the wider world. Ningbo will strive to elevate Ningbo-Hong Kong cooperation to new heights."Dr Lam said: “This event showcased Hong Kong’s unique advantages as an international business hub and explored how Zhejiang enterprises, particularly those from Ningbo, can leverage our business platform and partner with our expert professional services to optimise their operations and accelerate their global expansion.”Following the opening ceremony, Deputy Financial Secretary of the HKSAR Government Michael Wong introduced Hong Kong’s advantages, encouraging Zhejiang enterprises to utilise Hong Kong's platform to connect with international markets. He noted that since 2022, over 80 key enterprises have established themselves or expanded their operations in Hong Kong, with 80% coming from Mainland China, including many leading companies across fields, such as AI and robotics, data science, advanced manufacturing, clean energy, life and health technology and fintech.Mr Wong said: "In this era, in which the global economy and international trade face significant challenges, we need to unite and work together more than ever. In Hong Kong, we will leverage our strengths to meet the nation's needs and actively integrate into the country's overall development. We hope to join hands with mainland enterprises to create a better tomorrow."In her keynote speech, Casa Bauhinia Co-Founder Prof Anna Pao Sohmen shared insights on future Zhejiang (Ningbo) - Hong Kong collaboration. She stated that Hong Kong enjoys a long-standing legal system, an open free market and an excellent strategic location, and with the enterprising spirit of Ningbo enterprises, they can surely create golden opportunities. She said: "The pragmatic and open approach of Ningbo, combined with Hong Kong's 'Lion Rock spirit' and can-do approach, will certainly lead to breakthroughs."During the event, Invest Hong Kong signed MOUs with 12 Zhejiang (including Ningbo) enterprise representatives, advancing key Zhejiang-Hong Kong and Ningbo-Hong Kong collaboration projects.On Thursday, HKSAR Chief Executive John Lee and Secretary of the Zhejiang Provincial Committee Wang Hao attended the First Plenary Session of the Hong Kong/Zhejiang Co-operation Conference. The Zhejiang/Hong Kong co-operation mechanism was established during the conference, marking a new chapter for comprehensive exchange and collaboration between the two regions. At the meeting, the two governments signed MoUs on 13 key areas, covering 51 projects. One MoU signed between HKTDC and the Department of Commerce of Zhejiang Province outlined aims for the HKTDC to proactively encourage Hong Kong businesses to invest and expand in Zhejiang, and to also organise trade delegations from various sectors to visit Zhejiang. The two counterparts will continue to explore new areas of trade collaboration to promote high-quality development.During the panel discussion on Friday, distinguished guests – including Chairman of the Hong Kong Science and Technology Parks Corporation Dr Sunny Chai, Chief Executive of Hong Kong Exchanges and Clearing Limited Bonnie Chan; and Chief Executive Officer of the Airport Authority Hong Kong Vivian Cheung – exchanged thoughts on collaboration opportunities in finance, I&T and supply chain. Executive Director and Co-President of Tigermed Hao Wu also shared his company’s success in achieving international growth by leveraging Hong Kong’s platform.The three thematic roundtable sessions held in the afternoon attracted numerous enterprises. Focusing on topics such as listing in Hong Kong, opportunities for innovation and technology companies, and cross-border supply chain management, the sessions brought together institutions and businesses from Hong Kong and Zhejiang for in-depth and targeted discussions on future collaborations.During the event, HKTDC, Invest Hong Kong and the Immigration Department of the HKSAR Government set up consultation booths to provide professional advisory services to attendees.The forum has become an important platform for deepening Zhejiang-Hong Kong collaboration, enabling more mainland enterprises to leverage Hong Kong’s business advantages and partner with its professional services sector to expand globally.Photo download: https://bit.ly/3GonfSlHKSAR Chief Executive John Lee (seventh left), Executive Vice Director of the Hong Kong and Macao Work Office of the CPC Central Committee and the Hong Kong and Macao Affairs Office of the State Council Zhou Ji (sixth left), Chief Engineer of the Ministry of Industry and Information Technology Xie Shaofeng (fifth right), Chief Risk Officer and Director General of the Department of Public Offering Supervision of the China Securities Regulatory Commission Yan Bojin (fourth left), Vice Governor of Zhejiang Provincial Government Lu Shan (fifth left), Standing Member of the CPC Zhejiang Provincial Committee and Secretary of the CPC Ningbo Municipal Committee Peng Jiaxue (sixth right), Mayor of Ningbo and Deputy Secretary of the CPC Ningbo Municipal Government Tang Feifan (second left), HKTDC Chairman Dr Peter K N Lam (third right) and HKTDC Executive Director Margaret Fong (first right) attended Hong Kong Investment Promotion Conference – Zhejiang Ningbo Forum cum Ningbo-Hong Kong Economic Co-operation Forum todayHKSAR Chief Executive John LeeExecutive Vice Director of the Hong Kong and Macao Work Office of the CPC Central Committee and the Hong Kong and Macao Affairs Office of the State Council Zhou JiChief Engineer of the Ministry of Industry and Information Technology Xie ShaofengChief Risk Officer and Director General of the Department of Public Offering Supervision of the China Securities Regulatory Commission Yan BojinVice Governor of Zhejiang Provincial Government Lu ShanStanding Member of the CPC Zhejiang Provincial Committee and Secretary of the CPC Ningbo Municipal Committee Peng JiaxueHKTDC Chairman Dr Peter K N LamDeputy Financial Secretary of the HKSAR Government Michael WongCo-founder of Casa Bauhinia Prof Anna Pao SohmenDuring the panel discussion, distinguished guests, including Chairman of the Hong Kong Science and Technology Parks Corporation Dr Sunny Chai (2nd left), Chief Executive of Hong Kong Exchanges and Clearing Limited Bonnie Chan (2nd right); and Chief Executive Officer of the Airport Authority Hong Kong Vivian Cheung (1st right), exchanged thoughts on collaboration opportunities in finance, I&T and supply chainDuring the event, Invest Hong Kong signed MOUs with 12 Zhejiang enterprise representatives, advancing key Zhejiang-Hong Kong and Ningbo-Hong Kong collaboration projects. HKTDC, Invest Hong Kong and the Immigration Department of the HKSAR Government set up consultation booths to provide professional advisory services to attendeesMedia enquiriesCity Express (PR agency):Lou JinjingTel: (86) 15005897910Email: loujinjing@hbjt.com.cnLiu YingTel: (86) 15706780806Email: 894353323@qq.comHKTDC’s Shanghai Office:Sun PingTel: (86) 21-63528488Email: p.sun@hktdc.orgHKTDC’s Communications & Public Affairs Department:Jane CheungTel: (852) 2584 4137Email: jane.mh.cheung@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.

Brisbane, Queensland, Australia--(ACN Newswire via SeaPRwire.com - April 25, 2025) - Graphene Manufacturing Group Limited (TSXV: GMG) ("GMG" or the "Company") provides a quarterly update with respect to the Company's previously announced "at-the-market" equity program (the "ATM Program") launched on June 13, 2024. The ATM Program allows the Company to issue and sell, from time to time, up to C$20,000,000 of its ordinary shares ("Ordinary Shares") from treasury to the public, at the Company's discretion, pursuant to an equity distribution agreement between the Company and Cantor Fitzgerald Canada Corporation (the "Agent").During the quarterly period ended March 31, 2025, the Company issued a total of 866,500 Ordinary Shares on the TSX Venture Exchange (the "TSXV") at an average price of C$0.7965 per share under the ATM Program, providing gross proceeds of C$690,196.80. Commissions of C$20,705.90 were paid to the Agent in relation to these distributions, resulting in net proceeds to the Company of C$669,490.90.For further details on the ATM Program, see the Company's news release dated June 14, 2024.About GMG www.graphenemg.comGMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of G+AI Batteries.For further information please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249768 Copyright 2025 ACN Newswire via SeaPRwire.com.

Highlights (Unaudited relevant data for the six months ended 28 February 2025)- Revenue increased by 7.5% YoY to approximately RMB1,247.5 million;- Number of student enrolled up by 4.4%, against last corresponding period, to approximately 100,300;- Cash and cash equivalents amounted to RMB2,070.8 million, ample liquidity;- Interim dividend 6.6 HK cents per share, dividend payout ratio 30%.HONG KONG, Apr 25, 2025 - (ACN Newswire via SeaPRwire.com) – Edvantage Group Holdings Limited (“Edvantage Group” or the “Group”, stock code: 0382.HK) has announced its unaudited FY2025 Interim Results for the six months ended 28 February 2025 (the “Reporting Period”). With the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) giving it advantage in school operation, the Group continued to increase investment in artificial intelligence (AI), industry-education integration, internationalization, innovation and entrepreneurship, teaching team, and campus facilities, as such, strengthened its high-quality education brand.During the Reporting Period, the Group made revenue of approximately RMB1,247.5 million, a 7.5% increase against the last corresponding period. The increase was mainly attributable to the increase in student enrollment at the Group’s Huashang Vocational College and Urban Vocational College, as well as the rise in the average tuition fees at its schools in China. The Group’s cash and cash equivalents amounted to RMB2,070.8 million, indicating of its ample liquidity. The number of students enrolled in the Group’s schools continued to climb year by year, reaching approximately 100,300, up by approximately 4.4% year-on-year. The Board of Directors recommended payment of an interim dividend of HK6.6 cents per share for the six months ended 28 February 2025, representing a dividend payout ratio of 30%, which is also marked as the Group’s 12th consecutive dividend payout since listing.From left to right: Ms. Liu Wenqi, Chief Operating Officer; Ms. Liu Yi Man, Executive Director and Chief Executive Officer; Mr. Liu Yuk Tung, Chief Financial Officer.Increasing investment in high-quality education to build a world-renowned education brandThe Group has held fast to the educational philosophy of “building a century-old prestigious school and nurturing outstanding talents for China”, believing that strategic investment and visionary planning are crucial to developing a high-quality education brand. During the Reporting Period, the Group acquired the land use rights of three plots on the Jiangmen campus, giving it a solid foundation to continue to expand school capacity and accommodate future student growth. The Group also actively brought in industry experts and academic leaders and vigorously expanded its dual-qualified teaching team. Moreover, via overseas inclusive courses, expanding its international institutional cooperation network, and broadening teachers’ and students’ international horizon the Group has been facilitating overseas expansion of China’s vocational education.Closely following national policies and actively embracing educational reforms and vigorously developing “AI + talent training” and industry-education integrationIn the new era of AI deeply empowering education, the Group has adopted "AI + talent cultivation" as core strategy, comprehensively upgrading the education system by building intelligent education platform, introducing AI teaching assistants, AI general education courses, etc. The Group is also continuously strengthening the integration of industry and education, focusing on emerging fields such as AI, smart manufacturing, and the digital economy. Through collaborations with leading enterprises including Huawei, Baidu, and JD.com, the Group has established industry-specific colleges, workshops, and real-world corporate projects to ensure precise alignment with industry needs, as well as continuing to nurture highly-skilled talent for national strategic industries.Future ProspectsLooking ahead, open to opportunities of the industrial upgrade of the GBA and development of national strategic emerging industries, the Group will closely follow national policies and seize the “Golden 15-year window” for high-quality development in higher vocational education. It will actively align with talent demands of the GBA, flexibly optimize its academic program offerings, and continue to enhance education quality and strengthen its educational distinctiveness, striving to build a globally renowned education brand, while delivering long-term sustainable value to shareholders.About Edvantage Group Holdings LimitedEdvantage Group Holdings Limited (“Edvantage Group” or the “Group”, stock code: 0382.HK) is the largest private business higher education and vocational education group in the Greater Bay Area, and an early mover in education sector in pursuing international expansion, listed in Hong Kong Main Board on 16 July 2019. The total number of full-time student enrolments of the Group was approximately 100,300 as of 28 February 2025. Operated 9 private education institutions, namely, Guangzhou Huashang College (Applied Undergraduate), Guangzhou Huashang Vocational College (Higher Vocational Education) and Guangdong Huashang Technical School (Secondary Vocational Education) located in Guangdong Province, the PRC; Urban Vocational College of Sichuan (Higher Vocational Education) and Urban Technician College of Sichuan (Secondary Vocational Education) in Sichuan Province, the PRC; GBA Business School (GBABS) in Hong Kong, the PRC; Global Business College of Australia (GBCA) and Edvantage Institute Australia (EIA) in Australia; as well as Edvantage Institute (Singapore) (EIS) in the downtown of Singapore.While focusing on school operations, the Group also actively fulfil corporate social responsibility, extensively contributing to social welfare programmes including charity, poverty alleviation, education and revitalisation, in order to take the initiative in repaying society through action. Since its listing, the Group has made outstanding contributions in the field of ESG and has won the “Best ESG Innovation Award” from Zhitong Finance and the “Outstanding Enterprise for ESG Innovative Practice” from Gelonghui in 2024. Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Apr 25, 2025 - (ACN Newswire via SeaPRwire.com) – TIME Interconnect Technology Limited (“TIME Interconnect”, Stock Code: 1729.HK, with its subsidiaries collectively referred to as the “Group”) , a leading manufacturer of cable assembly, digital cable, and server products, has recently announced its final results for the year ended 31 December 2024 is pleased to announce its final results for the year ended 31 December 2024 (the “Current Year” or “FY2024”). The Group achieved record-breaking growth, driven by strategic expansions in high-margin sectors and excellent execution. During the FY2024, global economic growth experienced a notable slowdown, primarily due to persistently high borrowing costs, the gradual withdrawal of fiscal support, and heightened geo-economic fragmentation. These factors collectively exerted downward pressure on overall market demand. Moreover, cyclical imbalances among major economies began to stabilise, with economic activities gradually returning to potential levels. Amid this challenging macroeconomic landscape, the Group demonstrated agility and resilience by accelerating its business transformation and product upgrades. Notably, it capitalised on the surging demand for server and data centre infrastructure driven by the rapid emergence of artificial intelligence (AI), which remained a key growth engine and contributed to strong revenue performance in the data centre and specialty cable segments. For the Current Year, the Group recorded revenue amounting to HK$7,388.8 million, represented an increase of HK$2562.5 million or 53.1% as compared with HK$4,826.3 million for the Previous Year. Operating profit for the Current Year was HK$623.6 million, represented an increase of HK$190.2 million or 43.9%, as compared with HK$433.4 million for the Previous Year. The operating profit margin dropped slightly from 9.0% to 8.4% for the Current Year, primarily attributable to an increase in research and development expenditure. Net profit of the Current Year was HK$450.5 million, represented an increase of HK$172.9 million or 62.3%, as compared with HK$277.6 million for the Previous Year, with the net profit margin raised from 5.8% to 6.1% for the Current Year*. Basic earnings per share for the Current Year was HK23.2 cents as compared to the basic earnings per share of HK14.2 cents in the Previous Year. Business Review The Group’s turnover by market sector is as follows: Market SectorTurnover (HK$ million) Share of Turnover Year ended 31 December 2024Nine months ended 31 December 2023ChangesYear ended 31 December 2024Nine months ended 31 December 2023Cable assembly Data centre1,213.5 791.0 53.4% 16.4% 16.4% Telecommunication566.8 555.4 2.1% 7.7% 11.5% Medical equipment 816.6 258.0 216.5% 11.1% 5.3% Industrial equipment 29.2 24.4 19.7% 0.4% 0.5% Automotive 157.7 100.4 57.1% 2.1% 2.1% Digital cable Networking cable 1,179.9 788.7 49.6% 16.0% 16.4% Specialty cable 237.0 77.0 207.8% 3.2% 1.6% Server 3,188.1 2,231.4 42.9% 43.1% 46.2% Total 7,388.8 4,826.3 53.1% 100% 100% Data centre sectorThe revenue of the data centre segment increased by HK$422.5 million to HK$1,213.5 million for the Current Year as compared to HK$791.0 million for the Previous Year. Benefiting from the surge in artificial intelligence and server upgrades, shipment levels remained strong during the FY2024, and the sector remained to be the highest revenue contributor in the cable assembly business. Telecommunication sectorRevenue from the telecommunication sector rose by HK$11.4 million to HK$566.8 million for the Current Year, compared to HK$555.4 million in the Previous Year. Although part of the production capacity has been shifted to data centre sector due to its order volume increased. But better margin orders of telecommunication sector have been retained to improve the product portfolio of overall cable assembly business. Medical equipment sectorDuring the Current Year, the Group paid more attention and efforts in the medical equipment cables business and continued to enhance its medical equipment customers base, as well as to strengthen its R&D capabilities. Benefited from the setup of two new plants last year, Time Kunshan and Time Jiangxi, and expanded production capacity and R&D capabilities for medical equipment cables products, the revenue of the medical equipment sector for the Current Year significantly increased to HK$816.6 million, representing a substantial rise of HK$558.6 million compared to HK$258.0 million for the Previous Year. The Group continued to increase investment in this sector, enhancing both production capacity and R&D capabilities. The Group expects that, with growing health awareness, demand for medical equipment will continue to rise. Industrial equipment sectorDespite the underperforming global economic recovery, and the pressures from high inflation and interest rates on economic activities, the revenue of the industrial equipment sector increased. The revenue rose from HK$24.4 million in the Previous Year to HK$29.2 million for the FY2024, representing an increase of 19.7%. Automotive sectorDespite the ongoing impact of geopolitics and the trade war, sales orders for automotive wire harness products remained at a relatively low level. However, the revenue of the automotive sector increased to HK$157.7 million for the Current Year, up by HK$57.3 million from HK$100.4 million in the Previous Year. The Group still believes that the automotive wiring products can help the Group to provide its customers with a broader product portfolio, and to step into a new business sector by enriching the Group’s business portfolio and broadening its unique customer base, which can capture opportunities brought by the booming electric vehicle market. Additionally, the Group established a wholly-owned subsidiary, Linkz Cables Mexico S. de R.L. de C.V. ("Linkz Mexico"), in Mexico, aiming to increase its market share outside China and Asia. Networking cable sectorEven a lot of negative factors, such as the divergences between countries, war, high interest rates, strong US dollar and high inflation, were remained exist, during the FY2024, overseas orders for the networking cable sector continued to improve, with revenue rising to HK$1,179.9 million, an increase of HK$391.2 million from HK$788.7 million in the Previous Year. The increase in copper prices reflects ongoing growth in market demand. Furthermore, the establishment of Linkz Mexico has helped enhance the Group's market share in the United States and Mexico. Specialty cable sectorDriven by the surge in demand for high-speed cables fuelled by artificial intelligence applications, the specialty cable sector experienced robust growth. Revenue for the sector increased significantly to HK$237.0 million for the FY2024, up by HK$160.0 million or 207.8% compared to HK$77.0 million in the Previous Year. The growth in high-speed cables also contributed to improved profit margins, further enhancing the Group's overall profitability. Server sectorDuring the Current Year, the revenue of the server sector grew significantly to HK$3,188.1 million, an increase of HK$956.7 million compared to HK$2,231.4 million in the Previous Year. Despite challenges in the first half of the year due to shortages in key component supplies, the Group worked very hard to find all the business solutions to cope with this situation. Finally, the supply of these key components has been resolved and the production has been resumed immediately, leading to a strong recovery in the second half. Continued strong demand for servers further drove business growth. ProspectDespite challenges in the macroeconomic environment, including global growth uncertainties and geopolitical tensions, the Group’s management remains confident in its future business development. Looking ahead, the Group will continue to embrace flexibility and continuous innovation, focusing on strengthening supply chain resilience, expanding international presence, and driving diversified business growth to ensure long-term development. In the FY2024, the Group has proactively expanded its overseas business with the establishment of Linkz Mexico, a wholly-owned subsidiary. The new factory is expected to commence full production within the year, primarily manufacturing digital cables and automotive wire harness products. This aligns with the "China-Plus-One" strategy, mitigating geopolitical risks and ensuring export stability. With the rapid growth in demand for electric vehicles, automotive wire harness products have become a key driver for the Group’s next phase of growth. Meanwhile, the acceleration of global 5G deployment, along with the normalisation of remote work and cloud applications, will continue to propel the Group’s growth in telecommunications cables and server solutions. In the server segment, the Group has successfully expanded its data centre product line through its JDM/ODM business model, continuously customising solutions to meet the needs of brand clients. Riding on the PRC government’s “channelling computing resources from the eastern areas to the western regions” initiative and leveraging Luxshare Group’s technological platform and market resources, the Group will further scale its data centre business and seize the significant market opportunities arising from the rapid advancement of artificial intelligence, big data, and cloud computing. In the medical technology sector, Dr. Cua Tin Yin Simon, the Group’s CEO, remains optimistic about the prospects， “In 2024, the Group further increased its investments, including a stake in a Japanese medical and healthcare company with a proven operational history of over 30 years. In addition, the Group invested in a UK-based startup with seven years of professional experience in haptics and virtual reality. This company has developed innovative wearable haptic technology capable of simulating weight, resistance, and assistive forces in virtual environments. With initial applications in digital health and fitness within the spatial computing space, the technology merges wellness, fitness, and gaming to optimise human performance—targeting the vast markets of gaming and neuromuscular rehabilitation. The Group believes that these strategic investments will allow it to leverage the companies’ technological expertise and create synergy in developing medical-related products, particularly in R&D, manufacturing, and global market expansion. In line with our expansion strategy, two new liaison offices—Time US and Time UK—have also been established to deepen our global business presence.” Additionally, in 2024, Dr. Cua facilitated the establishment of the Medical Engineering and Innovation Council under the Federation of Hong Kong Industries (FHKI), where he serves as Co-Chair alongside Chuang Tzu Hsiung, Chairman of both FHKI and the Hong Kong New Industrialisation Development Alliance. The council is dedicated to establish a medical engineering frontier tracking mechanism to deeply explore technology transformation and commercialization potential. Secondly, it constructs an integrated "Government-Industry-University-Research-Investment" collaborative platform, consolidating government policies, university R&D, clinical resources, and industrial capital. By establishing joint laboratories and rapid conversion channels, it accelerates the commercialization of scientific research outcomes. Simultaneously, the council strengthens cross-border cooperation by connecting global innovation networks, introducing international certification bodies and technology transfer platforms, assisting Hong Kong enterprises in overcoming overseas market access barriers, and establishing cross-border industry-university-research bases to reinforce the region's innovation hub status. Finally, it implements a full-cycle industry cultivation program, providing comprehensive support for start-ups from prototype development, regulatory certification, clinical trials to mass production. While promoting traditional industry transformation and global market expansion, it facilitates the formation of a complete ecosystem for Hong Kong's medical technology industry - "Research & Development - Conversion - Industrialization" - to address global health challenges and enhance international competitiveness. The Group believes that, while pursuing business growth, it is also essential to fulfill its corporate social responsibility by actively addressing social issues such as health, innovation, and industry upgrading. Moving forward, the Group will focus on high-potential areas, leveraging innovation, collaboration, and sustainability to strengthen its core competitiveness and position itself as a leading provider of network solutions and medical technology infrastructure, creating greater value for shareholders and society. Key Milestone - Establishment of the Medical Engineering and Innovation Council About TIME Interconnect Technology Limited TIME Interconnect Technology Limited is a well-established supplier of customised interconnect solutions with over 30 years’ experience in the industry. The Group is headquartered in Hong Kong, and has manufacturing facilities in Shanghai, Suzhou, Jiangxi and Huizhou, the People’s Republic of China (“PRC”), Japan and Mexico. The Group currently manufactures and supplies a wide variety of copper & optical fiber cable assemblies, digital cable products and servers which are produced to the specifications and designs of its individual customer partners. Its products are used by a number of established PRC and international customers in a variety of market sectors, including telecommunication, data centre, industrial equipment, medical equipment, automotive wire harness, digital cable and server. This press release is disseminated by Bright Communications International Limited on behalf of TIME Interconnect Technology Limited. For further enquiries, please contact Bright Communications International Limited: Ms. Ashley KungTel: (852) 46371627Mob: (852) 6608 9927Email:ashley.kung@brightcommns.com*Note: The financial year end date of the Company has been changed from 31 March to 31 December in July 2023. For details, please refer to the Company’s announcement dated 24 July 2023. In view of this change, the consolidated financial statements of the Group cover the twelve-month period from 1 January 2024 to 31 December 2024 and the comparative figures cover the nine-month period from 1 April 2023 to 31 December 2023. It should be noted that the financial data presented herein are being compared with that for the nine-month period ended 31 December 2023. The difference in duration of the two financial periods should be considered when making year-on-year comparisons. Copyright 2025 ACN Newswire via SeaPRwire.com.