Summary of the 2024 Interim Financial Results (for the six months ended June 30, 2024)- Profit attributable to shareholders is approximately RMB 10.81 million. - Total revenue is RMB 7.014 billion, with an increase of about 5% year-on-year. - Breakthrough progress in big data products and solutions, with revenues of RMB 1.277 billion, showing a year-on-year growth of 17%.- Rapid growth in overseas business, with revenues amounting to RMB 465 million, a year-on-year increase of 55%. This has been driven by successful wins for supply chain tenders in Thailand and Vietnam for BYD.- The Group has also secured major projects, including an AI infrastructure project (Smart Computing Center) in Jilin Changchun New District, the second phase of the Computing Power Center in Changchun, and an Intelligent Water Project in Jilin Province. - The interim dividend for the six months ending June 30, 2024, is HKD 0.01 per ordinary share.HONG KONG, Sept 2, 2024 - (ACN Newswire via SeaPRwire.com) - Digital China Holdings Limited ("DC Holdings" or "the Company," together with its subsidiaries referred to as "the Group"; Stock Code: 00861.HK) announces its unaudited interim results for the six months ended June 30, 2024 (the "Reporting Period").During the Reporting Period, the Company achieved total revenue of RMB 7.014 billion, representing a year-on-year increase of 5%. Revenue from big data products and solutions was RMB 1.277 billion, with a year-on-year growth of 17%; and overseas revenue was RMB 465 million, up 55% year-on-year. Profit attributable to shareholders was approximately RMB 10.81 million (compared to RMB 40 million in the same period last year). The decrease in profit was primarily due to heightened competition faced by the Company Ltd. (“DCITS”), and its ongoing increase in investments within various business sectors, leading to a decline in gross profit margin, and increased costs related to new product lines.Breakthrough Progress in Big Data Products and SolutionsFueled by the robust and swift growth of its big data business, DC Holdings has further refined its overall business structure. The innovative “City CTO + Enterprise CSO” model continues to gain strength, utilizing years of accumulated government resources to expedite expansion into industry and enterprise sectors. This strategy has been effectively validated by clients and quickly replicated.Major Project Wins: During the Reporting Period, The Group has secured major projects, including the AI infrastructure project (Smart Computing Center) in Jilin Changchun New District, the second phase of the Computing Power Center in Changchun, and an Intelligent Water Project in Jilin Province.Intelligent Computing Center Development: The Company will continue to enhance and evolve industry-specific software models on its proprietary “Three-in-One” industrial intelligent brain platform. This platform delivers robust computing power and intelligent solutions across various industries.Serving Enterprise Clients: During the Reporting Period, the Company successfully collaborated with leading domestic chip manufacturer Geehy Microelectronics and several industry-leading enterprises. These partnerships span a diverse range of areas, including cutting-edge technology, consumer goods, and advanced manufacturing.Core Technology of Self-Developed Knowledge Graphs and Integration of Industry-Academia-ResearchIn technology development, the Company focuses on standardized products and solutions, powered by two core elements: knowledge graph-based digital twins and AI large language model-based ecological platform capabilities. This strategy enables enterprises to swiftly develop AI applications, modularize and platformize products and solutions, and leverage AI tools alongside deep industry insights. It assists clients in dynamically analyzing and managing business processes in complex, ever-changing market environments, thereby boosting operational efficiency, reducing costs, and fostering business innovation to enhance competitive advantage.The Company integrates its dual-core technologies into big data products and solutions, targeting key scenarios such as smart cities, supply chains, and fintech. It continues to enhance AI-driven decision-making capabilities, enabling rapid development with low-code or no-code solutions. The Company drives horizontal expansion across multiple industries through the “3+N” model and standardized replication with clients via the “1xN” model.In the first half of the year, the Company advanced its intelligent manufacturing solutions with blue-chip clients, swiftly deploying and implementing end-to-end smart supply chain control tower solutions, covering everything in the manufacturing process from initial research and development initiatives to products sales and after-sales customer service.The Company collaborates with universities and research institutions to strengthen industry-academia-research integration and increase investment in the development of "big data + Artificial Intelligence" products and solutions. R&D expenses reached RMB 320 million.Expanding Overseas: A New Growth PhaseDuring the reporting period, DC Holdings achieved overseas revenue of RMB 465 million, marking a 55% year-on-year increase. Under China’s Belt and Road Initiative, the Company leverages its extensive overseas experience and high-end networks to actively expand its value chain, focusing on “localization,” “win-win cooperation,” and “leading domestic ecosystems while integrating into international ecosystems.”Following this international strategy, the Group has formed strategic alliances with prominent Chinese enterprises such as Huawei, Honor, ZTE, and BYD to enhance their global presence. They offer comprehensive supply chain operations and digital services, including international and domestic transport, warehousing, import and export, cross-border e-commerce, and live streaming services. During the reporting period, the Company secured supply chain tenders from BYD for Thailand and Vietnam, providing integrated end-to-end supply chain services for overseas raw materials and components.Future OutlookIn 2024, the National Data Bureau will introduce eight institutional documents focusing on data ownership, data flow, revenue distribution, security governance, public data development and utilization, enterprise data development and utilization, high-quality development of the digital economy, and data infrastructure construction. With the release of the “Three-Year Action Plan for Data Elements (2024-2026)” policy and the initiation of data resource listings, the market for data elements is poised for significant industrial growth. Digital China will seize this historical opportunity, leverage its strengths in data governance and application, actively engage in cutting-edge technology areas, and accelerate expansion into enterprise markets.DC Holdings will expedite the implementation of the “Enterprise CSO” business model, deepen its focus on core smart supply chain scenarios, and continue to collaborate with warehousing and logistics ecosystem partners. By utilizing the supply chain control tower, the Company aims to assist more enterprise clients with end-to-end supply chain operations and continuously iterate AI intelligent applications from visualization and assisted decision-making to autonomous intelligent decision-making, promoting rapid replication and implementation of the end-to-end supply chain control tower solutions for clients.Looking ahead, as global intelligent transformation deepens, DC Holdings’ “Big Data + Artificial Intelligence” strategy will experience significant development. The Company will rely on its core technologies to expand market space in data elements and industry-specific intelligent applications, advance scenario implementation amidst the AI wave, and accelerate international expansion while continuing to cultivate the domestic market, aiming for exponential business growth.- End -About Digital China Holdings LimitedDigital China Holdings Limited (DC Holdings) was established in 2000 and listed on the main board of the Hong Kong Stock Exchange in 2001 (Stock Code: 00861.HK). Over the past twenty years, the Company has remained committed to the mission of "Digital China," and adheres to the principle of "leading in concept, technology, and practice"Currently, the Company focuses on the "Big Data + Artificial Intelligence" strategy and the "City CTO + Enterprise CSO" innovative model, striving to drive the commercialization of high-quality data and AI application scenarios. The Company is dedicated to deepening its efforts in key areas such as smart cities, smart supply chains, and smart finance, continuously developing data analysis and decision-making products and intelligent applications for government and enterprise clients, and aims to be a pioneer in big data technologyFor more information, please visit Digital China Holdings Limited’s website: https://www.dcholdings.com/zh/company-overviewThis press release is issued by Intelligent Joy Limited on behalf of Digital China Holdings Limited.For enquiry, please contact Intelligent Joy Limited:Jason Guo / Karena KeEmail:Jason.guo@intelligentjoy.com/karena.ke@intelligentjoy.com Copyright 2024 ACN Newswire via SeaPRwire.com.

MUMBAI, INDIA, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - The global Pro AV market is projected to reach $325 billion in 2024, from $306.4 billion in 2023, with India leading the Asia Pacific region in growth, according to the Audiovisual and Integrated Experience Association (AVIXA) 2024 Industry Outlook and Trends Analysis (IOTA).Against this backdrop of robust growth, InfoComm India, the region’s foremost professional audiovisual exhibition, is set to showcase the advanced technologies and solutions driving this rapid expansion that has propelled India to be the fastest-growing market in APAC. The tenth in-person edition of the show will offer opportunities, insights, and context as to how businesses and tech professionals can leverage the transformative technologies of Pro AV to propel their organizations to the next level in the digital revolution era. InfoComm India 2024, the largest edition yet, kicks off from 3 to 5 September at the Jio World Convention Centre (JWCC) in Mumbai and is open to all professionals seeking to better understand and benefit from integrated experience solutions. AVIXA CEO David Labuskes attributes the growth in Pro AV adoption within specific markets and regions to the forces and relationships between market demand for technology upgrades, supply, distribution networks, and systems integration. David, alongside InfoCommAsia Executive Director June Ko will illuminate audiences on India’s current and future Pro AV landscape and opportunities during InfoComm India 2024’s opening session, ‘Navigating New Horizons: Insights and Innovations Shaping India’s Pro AV Landscape’, on opening day at 10.30am.The InfoComm India 2024 Summit offers a deep dive into the intersection of innovation and practical application across its 14 specialty tracks, featuring 50 sessions, and over 90 expert speakers. Attendees can expect to explore hot topics like mastering audiovisual communication, harnessing AI in Pro AV, and empowering sustainable cities. In addition to the recently announced 32 first-time exhibitors (joining the 250 total participating exhibitors and brands) and 30+ new launches, details of several new debuts and experiential activities have leaked just one week before the event. They include:AVOCOR’s global launch of their ‘New S Series’ for education displaysNorwegian-based NEAT’s showcase of their 2024 Red Dot Design Award-winning Neat Centre and Near Bar Generation 2INOGENI’s introduction of their all-new Toggle Rooms for advanced video conferencingUS-based ZEEVEE INC. debuting their Zyper Management Platform.AV MASTER TEECHNOLOGY unveiling their latest product - the 4x1 HDMI SwitcherDATAPATH to demonstrate Aertia’s latest advancements with a real-life mini replica of a control roomTaiwan’s CYPRESS TECHNOLOGY will showcase their all-new AV over IP solution boasting flexible deployment and centralized management Beyond technology and innovation, InfoComm India is designed to better serve Pro AV communities by fostering engagement and connections. From AVIXA’s ‘Flashtracks’, AV Marketer’s Meetup, and the empowering AVIXA Women’s Council, to InfoComm India’s networking breakfasts, next-gen photo booth, to the Multisensory Immersive Experience – an installation co-presented with MSS World + Studio Ocupus, the entire event provides numerous opportunities to meet peers, experts, and potential collaborators.InfoComm India 2024 opens its doors at 9.10am on 3 September. To skip long queues onsite, register and secure your show badge now.For details on the program agenda, visit InfoComm India.To access more press information on InfoComm India 2024, please visit the Digital Press Kit Contact Information: Rest of the World Angie Eng, Marketing Director InfoCommAsia Pte Ltd angieeng@infocommasia.com IndiaSooraj Dhawansooraj@falconfirst.com Copyright 2024 ACN Newswire via SeaPRwire.com.

KUALA LUMPUR, Sept 1, 2024 - (ACN Newswire via SeaPRwire.com) - Flexidynamic Holdings Berhad ("Flexidynamic" or the "Company"), an established solutions provider for the rubber glove manufacturing industry, is pleased to announce its financial results for the second quarter ended 30 June 2024 ("Q2 FY2024").The Group recorded revenue of RM7.76 million for Q2 FY2024, reflecting a strategic shift as the Company capitalised on emerging opportunities in the recovering glove industry. While revenue showed a decline from RM13.30 million in the corresponding quarter of the previous year ("Q2 FY2023"), primarily due to the completion of significant overseas projects in the prior year. Flexidynamic saw a robust increase in demand for repair and maintenance services, system upgrades, and equipment enhancements from its existing customers. This signals a positive market sentiment and the beginning of a rebound in the glove manufacturing sector.Profit before taxation (“PBT”) for Q2 FY2024 was RM0.91 million, slightly lower than the RM0.93 million recorded in Q2 FY2023. However, the Company’s continued focus on cost management and operational efficiency has ensured sustained profitability. Notably, Profit After Tax (“PAT”) soared to RM0.98 million, a significant improvement compared to a Loss After Tax (“LAT”) of RM0.55 million in the same quarter last year, driven by the recognition of deferred tax assets from customer downpayments.The comparison with the immediate preceding quarter (“Q1 FY2024”) further highlights Flexidynamic’s positive trajectory. Revenue surged from RM4.75 million in Q1 FY2024 to RM7.76 million in Q2 FY2024, while PBT experienced a remarkable 501.32% increase, rising from RM0.15 million to RM0.91 million. This strong performance underscores the Company’s ability to navigate a challenging environment and capitalise on the recovery in the glove industry.Mr. Tan Kong Leong, Managing Director of Flexidynamic, commented on the results: “The second quarter of FY2024 marks a significant period of recovery for Flexidynamic as the glove industry shows early signs of resurgence. While the global oversupply of gloves persists, particularly due to the excessive capacity expansion during the Covid-19 pandemic, we are optimistic about the long-term prospects of the industry. Increased hygiene awareness, especially in emerging markets with low glove consumption, is expected to drive demand. Our strategic focus on operational efficiency and cost management has allowed us to effectively leverage this recovery, leading to a substantial increase in profitability.”He added, “In addition to our core operations, we are pleased to announce our recent venture into gamma radiation sterilisation services in collaboration with Gammatech. This initiative not only serves our existing customers in the glove industry but also opens up new opportunities in sectors such as pharmaceuticals, food processing, and packaging. By offering these services, we are poised to expand our market reach and deliver even greater value to our shareholders.”Since its inception in 2012, Flexidynamic has firmly established itself in the rubber glove manufacturing industry. The strategic acquisition of Flexidynamic Engineering Co. Ltd. in Thailand in 2018 has expanded its presence across Southeast Asia, supported by operational offices in Malaysia and Thailand and a manufacturing facility in Banting, Malaysia. The Group has also diversified into infrastructure projects, including a recent RM12.4 million contract for the water treatment plant and water intake at Loji Rawatan Air Chupak, Jajahan Gua Musang, Kelantan, which is expected to contribute positively to earnings. Furthermore, with the Group’s planned provision of sterilisation services using gamma radiation through Gammatech, its 51%-owned subsidiary, Flexidynamic is set to serve not only its existing glove industry customers but also expand into pharmaceuticals, food processing, and packaging sectors, leveraging its expertise to drive sustained growth and diversification.ABOUT FLEXIDYNAMIC HOLDINGS BERHADFounded in 2012, Flexidynamic Holdings Berhad has established itself as a pivotal solutions provider in the rubber glove manufacturing sector, with a significant market presence in countries like Vietnam, Indonesia, and Sri Lanka, supported by strategic offices in Malaysia and Thailand. From its inception focusing on chlorination systems for powder-free glove production, Flexidynamic has expanded its product range and geographical footprint, particularly after the strategic acquisition of Flexidynamic Engineering Co. Ltd. in Thailand in 2018. This acquisition bolstered its support for overseas operations, mainly in the Southeast Asia region. With a relentless focus on innovation and a strong support base, Flexidynamic Group is poised for further growth, leveraging its expertise to venture into new markets and sectors.For more information, visit https://flexidynamic.com/.Issued By: Swan Consultancy Sdn. Bhd. on behalf of Flexidyanmic Holdings BerhadFor more information, please contact:Jazmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizWilliam YeoTel: +60 13-213 2103Email: w.yeo@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.