Financial Services AI Predictions 2025
By Rinesh Patel, Global Head of Financial Services, Snowflake
5 Million Hours En Routes: Results of Maxim E-hailing in 2024
On the Eve of 2025, Maxim E-hailing announced and summarized the results of the outgoing year. The specialist gathered all the data and observed how much time users spend on the road with Maxim with comfort trips, delivery, buy&deliver and trucks, and the launch of tariffs for people with special needs. The business development that operated throughout the year was in significant demand, traveling 173 million km through the country. In fact, the distance can be related to the trip to the moon 215 times and back. Data was recorded by the order-making for e-hailing and delivery services, from all cities’ operations. Closer to the end of the year, the achievement of total spending users on the road with Maxim can be overcome by 5 million minutes en route, and most orders created were made during weekdays and holiday sessions. Where the average time spent in a day is around 20-30 minutes for a ride. Furthermore, some of the users also bring their children together, and according to the data, 34,000 rides with children were created. Users prefer trips as it’s convenient to bring children together, even for single mothers who need assistance during the ride. Maxim’s are flexible with the rides, where we allow users to bring children or even babies together during the rides. Our partner-drivers were trained to offer comfortable rides to all passengers in any situation. The most highlighted trips during the years were animal transportation where 7,500 rides were created. Maxim launched the feature in 2022, and since then users who need transportation to the vet, visit parks, and ride with their pets. Within this year Maxim E-hailing introduced a new rate called “Mesra OKU” in their app to show their support and cater to the special needs of such people. It is designed to help special people get comfortable rides. The new rate includes additional assistance services and facilities. “In 2024, Maxim E-Hailing Service achieved development, building on our continued commitment to innovation and customer satisfaction. We are focusing on the community of users, offering comfort trips, and developing the service with a better version for everyone. The acceptance of the service is significant as Maxim is capable of delivering the needs and requirements of the users. Not only that, the high technology of the development application for users and partner-drivers are also a high achievement, such as enhanced app features, seamless payment integration, and real-time ride tracking, have streamlined the user experience, making our service more efficient and accessible” says Mohd Hazwan, Director of Maxim E-hailing Malaysia. Maxim mentions that 2024 is the year where the quality and satisfaction increased positively for all parties. The aims that we are focusing on now are to supply the demand from the users and be able to help partner-drivers achieve their goals.
Hong Kong budget deficit to be just under US$13bil
HONG KONG: Hong Kong’s deficit for this fiscal year is expected to be just below HK$100bil or about US$13bil, the city’s finance chief says. The government is “focussing on cost-saving measures” to tackle the deficit, Paul Chan told residents on a programme on public broadcaster RTHK last Saturday, where he was gathering public feedback ahead of the upcoming budget. “Although we need to move forward with public works projects we have to prioritise developments according to their urgency,” he said. The growth rate of economy in the first three quarters of 2024 was not as strong as expected due to high interest rates and external challenges, Chan said. Hong Kong’s economy is expected to grow 2.5% in 2024, he wrote in a blog post in December. That followed a 1.8% third quarter growth rate, which fell below expectations. — Reuters
HKVAX and Victory Securities Form Strategic Partnership to Advance Virtual Asset Services in Hong Kong
HONG KONG SAR – Media OutReach Newswire – 6 January 2025 – Hong Kong Virtual Asset Exchange (HKVAX), a virtual asset trading platform licensed by Hong Kong’s Securities and Futures Commission (SFC), and Victory Securities (8540.HK), a licensed financial services provider, today announced the signing of a Memorandum of Understanding (MoU) to establish a strategic partnership aimed at enhancing Hong Kong’s virtual asset ecosystem. This collaboration aims to explore opportunities in virtual asset brokerage and distribution, combining HKVAX’s robust infrastructure and virtual asset capabilities with Victory Securities’ comprehensive financial services platform and established institutional relationships. Together, the two parties will explore opportunities in RWA and tokenization and build a robust ecosystem with the primary goal of increasing opportunities for virtual asset distribution. It will also provide investors with access to high quality, efficiently managed tokenization assets. “This strategic partnership with Victory Securities represents a significant step forward in our mission to advance Hong Kong’s virtual asset ecosystem,” said Dr. Anthony Ng, Co-Founder and CEO of HKVAX. “By combining our technological expertise with Victory Securities’ deep understanding of traditional financial markets and strong institutional relationships, we are well-positioned to deliver innovative, compliant virtual asset services that meet the sophisticated needs of today’s investors.” “Our collaboration with Victory Securities comes at a pivotal time in Hong Kong’s development as a virtual asset hub,” said Sam Fok, Co-Founder and COO of HKVAX. “We will work to bridge the gap between traditional finance and virtual assets, creating a more integrated and accessible financial ecosystem for our clients while maintaining the highest standards of security and compliance.” Victory Securities, with over five decades of market presence, brings extensive expertise in regulated financial activities and a deep understanding of institutional client needs. This collaboration with HKVAX demonstrates both companies’ commitment to fostering innovation within Hong Kong’s regulated virtual asset space. ‘Victory Securities is committed to becoming a diversified virtual asset trading platform. This partnership is expected to provide the joint licensed exchanges with unique virtual asset investment opportunities in the market, further drive market development and maintain competitiveness in the global virtual asset market.’ said Kennix Chan, Deputy Chief Executive Officer of Victory Securities. The partnership represents a significant step in Hong Kong’s virtual asset ecosystem, combining established financial expertise with virtual asset capabilities. Both companies look forward to collaborating on innovative solutions that will benefit investors and contribute to the sustainable growth of Hong Kong’s virtual asset market. Hashtag: #HKVAX The issuer is solely responsible for the content of this announcement. About HKVAX Hong Kong Virtual Asset Exchange (HKVAX) is a virtual asset trading platform licensed by Hong Kong’s Securities and Futures Commission under Type 1 (Dealing in securities) and Type 7 (Providing automated trading services), along with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) licence. HKVAX aims to be a key global player in virtual finance, headquartered in Hong Kong. Beyond OTC trading, exchange, and custody services, HKVAX focuses on Security Token Offerings (STO) and Real-World Asset (RWA) tokenization. It combines traditional finance with blockchain technology to serve institutional and professional investors. HKVAX prioritizes security and compliance. It actively cooperates with regulators to promote industry standards and forms strategic alliances with brokers, Money Service Operators (MSOs), Exchange Traded Fund (ETF) issuers, and other platforms to build a compliant virtual asset ecosystem. Through these efforts, HKVAX drives Hong Kong’s financial innovation and advances the global virtual asset market. For further information, please visit: www.hkvax.com About Victory Securities Victory Securities (stock code: 8540.HK), with over 50 years of history, is a comprehensive full- licensed securities firm licensed by the Securities and Futures Commission, with regulated activities under Type 1, Type 2, Type 4, Type 6, and Type 9. Investors can enjoy Victory Securities’ comprehensive financial services, including Hong Kong and global securities trading, first and second market securities financing, corporate financing (capital markets and bond capital markets), wealth management in various fields. In 2023, Victory Securities became the first and currently only licensed entity in Hong Kong to hold virtual asset trading, advisory, and asset management service licenses issued by the Securities and Futures Commission. For further information, please visit: www.victorysec.com.hk
First female pilot in China’s Xizang (Tibet): Breaking boundaries in a male-dominated sector
BEIJING, CHINA – Media OutReach Newswire – 4 January 2025 – A large number of Chinese women are breaking the glass ceiling to enter professions that were previously dominated by men. The first female pilot recruited by the People’s Liberation Army (PLA) Air Force in China’s Xizang (Tibet) Autonomous Region has attracted wide attention. According to data from the National Bureau of Statistics (NBS) of China, the labor force participation rate of Chinese women has risen from 7.5 percent in 1949 to 61.1 percent in 2023. In recent years, a large number of women have played important roles in manufacturing, service, high-tech, and green industries, etc. They not only promote economic development in traditional fields but are also doing “male jobs”, with the number of female pilots, academicians, entrepreneurs, and diplomats on the rise. Kelsang Pedron, a woman of the post-2000 generation, i.e., youths born from 2000 to 2009 in China, is the first female pilot from Xizang (Tibet) Autonomous Region recruited by the PLA Air Force. She has had a dream of “flying into the blue sky” since childhood. In Kelsang Pedron’s eyes, gender is no longer an obstacle on the road for women to pursue dreams. She went through the same rigorous selection and training as her male classmates before becoming a qualified fighter pilot. “I had undergone an entire selection process and procedures to get this far, and I was determined to excel and not to be eliminated, so I studied very hard,” she said. Kelsang Pedron has successfully completed a single test flight for a fighter aircraft, delivering excellent results in this stage of training. She said that flying has become a goal from merely a passion at the very beginning. “I should train hard to become a fighter pilot to protect the blue skies of our motherland,” said Kelsang Pedron. At present, there are more and more female college graduates like Kelsang Pedron. For their diverse employment needs, the Chinese government has also put forward many support measures. In September 2024, the Communist Party of China Central Committee and the State Council unveiled a set of guidelines to promote high-quality and sufficient employment by implementing the employment-first strategy, which proposed to safeguard the legitimate rights and interests of women in employment and entrepreneurship, career development, skills training, occupational health, and safety, etc., and build a birth friendly employment environment. Hashtag: #ChinaNewsService The issuer is solely responsible for the content of this announcement.
GWM’s Hi4 Off-Road Family Takes Over LIWA: A Journey Through Adventure and Innovation
BAODING, CHINA – Media OutReach Newswire – 3 January 2025 – 28th December, 2024, at the prestigious LIWA Hero Festival in the Middle East, GWM’s TANK 500 Hi4 Z edition lead the charge and made a bold and unforgettable entrance, capturing the attention of off-road enthusiasts and global fans alike. Through an exciting series of events, numbers of renowned KOLs and influencers as they embark on a journey with the GWM off-road family, showcasing the brand’s unmatched off-road capabilities and celebrating its groundbreaking Hi4-Z technology. This experience transcends mere driving—it’s a testament to China’s leadership in off-road innovation, creating a new standard in the global off-road community. GWM’s Hi4 Off-Road Family Takes Over LIWA: A Journey Through Adventure and Innovation In the golden sands of the Liwa Desert, where the dunes stretch as far as the eye can see, the 2024 Liwa Hero Festival became the stage for Great Wall Motor (GWM) to redefine off-road excellence. With the TANK 500 leading the charge, GWM once again demonstrated its commitment to pushing the boundaries of innovation, proving that Chinese engineering is a force to be reckoned with on the global stage. This year’s festival brought together off-road enthusiasts, automotive experts, and influencers from across the globe. Amid the desert’s demanding terrain, the TANK 500 emerged as a star, showcasing its advanced Hi4-Z hybrid platform and delivering an awe-inspiring performance that sparked global conversations across social media. The Liwa Desert: A Test of True Off-Road Prowess The Liwa Desert, nestled in the UAE, is home to some of the world’s most challenging off-road terrains. Renowned for its towering sand dunes like the iconic Moreeb Dune, also known as the “Tall Hill,” this desert offers a unique blend of natural beauty and extreme difficulty. Moreeb Dune rises to over 300 meters, with a slope gradient exceeding 50 degrees, making it a true test of any vehicle’s capability. Other formidable challenges include: Sabkha (Salt Flats): These deceptive, flat surfaces demand high traction control and stability due to their soft, shifting layers. Slip Faces: Sudden drops and steep inclines require precise torque distribution and power management. Deep Sand Traps: These stretches test a vehicle’s ability to maintain momentum without losing traction. Each of these features makes the Liwa Desert an unforgiving environment, ideal for proving the mettle of GWM’s off-road vehicles. The TANK 500 turned heads at the festival, not only for its commanding design but also for its revolutionary Hi4-Z hybrid platform, which has redefined what an off-road vehicle can achieve. As the first platform of its kind, Hi4-Z combines raw power with cutting-edge hybrid efficiency, tailored specifically for extreme conditions. Moreeb Dune, one of the most famous and steepest dunes in the Liwa Desert, rises at an almost vertical angle of 50 degrees. It’s here that the TANK 500’s Hi4-Z system truly shines, effortlessly climbing steep inclines and tackling the toughest sand conditions with its strong torque and power output. The Hi4-Z system delivers a combined power output of 715 kW, allowing the TANK 500 to accelerate from 0 to 100 km/h in just 4 seconds. This power, paired with a 3-speed DHT transmission, ensures seamless gear shifts and optimal performance across various terrains. As the convoy ventures through the desert, deep sand pits, sand dune valleys, and rapid dune crossings test both the vehicles’ capabilities and the drivers’ skills. The TANK 500, with its advanced suspension system and Hi4-Z hybrid system, absorbs the shock of the deep sand valleys, providing a smooth and stable ride even in the most unpredictable conditions. The Hi4-Z platform’s torque distribution between the electric and combustion engines ensures that no terrain is too difficult to navigate. With a pure electric range of 200+ km, the TANK 500 offers an eco-friendly yet powerful solution for extended adventures. Its fast-charging capability adds 120 km of range in just 15 minutes, ensuring minimal downtime during long off-road expeditions. Next, the spotlight shifts to the Moresha Dune Challenge, where the TANK 500 leads the pack, charging ahead with its striking red exterior. As it takes on the famous dunes, KOLs drove TANK 500s to take on some of the most challenging off-road conditions. The TANK 500’s remarkable performance is on full display, easily outpacing other vehicles, thanks to the TANK 500’s body-on-frame body structure and high-strength chassis, as they were critical in tackling steep inclines and uneven surfaces, providing unmatched durability and stability in the harsh desert environment. Meanwhile, a high-density 234 Wh/kg lithium-ion battery, the Hi4-Z platform supports superior energy efficiency and discharge power, outperforming other plug-in hybrid vehicles in its class. Celebrating the Off-Road Family: A Festival of Innovation and Unity The Liwa Hero Festival also provided a platform to showcase GWM’s full range of off-road vehicles, including the TANK 300, HAVAL H9, and POER series. Each model highlighted GWM’s commitment to creating vehicles that cater to diverse off-road needs, from family-friendly adventures to professional-grade challenges. One of the event’s most anticipated moments is the User Gala, where key GWM executives, take the stage to discuss the brand’s achievements and future. As the leaders highlight the impact of GWM’s off-road family and the success of the TANK 500, KOLs share their thoughts, recapping the most memorable moments of the event. The festival kicked off with a comprehensive exhibition of GWM’s off-road family. Influencers and KOLs provided real-time reviews, delving into the design, performance, and technological advancements of the TANK 500 and its siblings. Attendees also had the chance to interact with GWM’s technical experts, gaining insights into the mechanics behind the Hi4-Z and Hi4-T platforms. Over 28 GWM vehicles formed a convoy, parading through the dunes and creating an awe-inspiring spectacle. The convoy’s finale featured the vehicles forming the GWM logo, symbolizing unity and innovation—a moment that quickly went viral online. The highlight of the festival saw the TANK 500 take on the legendary Moresha Dune. With its iconic red finish, the vehicle led the pack, climbing the steep incline effortlessly, thanks to its exceptional torque and power
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Malaysia Global Business Forum membership to unlock a suite of strategic solutions
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 3 January 2025 – The Malaysia Global Business Forum (MGBF) has opened individual membership in time for Malaysia’s ASEAN Chairmanship, with the objective of bringing a suite of strategic solutions to a broader membership base. This was only previously available to the corporate sponsors and supporters of the high-profile advocacy platform. In this exciting move, timed to be part of the deeper focus on ASEAN in Malaysia, individual business people can now leverage the access and advocacy efforts of MGBF. The first 118 members will also be known as founding members. These members will receive priority access to meetings and events along with an exclusive MGBF merchandise. The companies, trade associations and governments will still be able to engage with the MGBF on a project-by-project basis or by sponsoring a dedicated event, research project or engagement programme. This approach will ensure that the objective of each corporate sponsor is met and that the MGBF is part of a sustainable future. Nordin Abdullah, Founding Chairman of MGBF, said, “We have seen many chambers of commerce and business councils struggle over the past few years with issues around membership renewal. It is not something we want our members to face, so we have created a lifetime membership programme for individuals. This allows individual business people and those in the corporate sector to have access to the membership benefits and have a sense of loyalty.” MGBF empowers stakeholders at the intersection of international and Malaysian business. Through government relations, business intelligence, advocacy, media engagement, market research, networking, advisory and business matching, MGBF delivers results for individuals, corporations, trade and business associations, and national and state governments. “This comes at an important time with Malaysia taking on the chairmanship of ASEAN. The country will see a host of high-level political visits that will be accompanied by business leaders and government officials. Business people need to be kept abreast of these developments at the ASEAN level and the other bilateral and multilateral developments which impact their business and supply chains,” continued Nordin who is a frequent speaker in international business events. The Malaysia Global Business Forum advocates for successful outcomes for its members while providing a powerful platform to communicate with stakeholders in government, community and the broader business community. This together with an attention to detail ensures that members will see the MGBF as part of its “suite of strategic solutions” in the dynamic business environment that is Malaysia and ASEAN. “We will take a strategic view of the various states in Malaysia. Businesses need access to the high-level decision makers in the various states. At the same time, state governments are looking to energise their business ecosystem and attract real investors to set up operations. This is a critical gap that the Malaysia Global Business Forum will endeavour to address for its members,” concluded Nordin who is also a regular commentator in the media. The next event will be the MGBF Roundtable that will focus on the emerging area of “Corporate Community Involvement in Sports”. The goal of the roundtable is to understand the gaps in the corporate-community ecosystem and how involvement in sports by the corporate sector will create value in terms of community engagement, communication, stakeholder management and meeting corporate social responsibility (CSR) goals. To sign up for this engaging event visit https://www.linkedin.com/events/mgbfroundtable-corporatecommuni7279369593976975360/. The Malaysia Global Business Forum lifetime membership fee is RM500 plus SST for Malaysian residents and USD150 for international members. To sign up, follow this link: https://forms.gle/zquSwAXGWukZWNAw6 For more information about the Malaysia Global Business Forum, visit www.MalaysiaGlobalBusinessForum.com. Hashtag: #MalaysiaGlobalBusinessForum The issuer is solely responsible for the content of this announcement.
New Milestone: CarUX Puts Forth Novel Model for Smart Cockpit
Next-gen harmonious user experience that perfectly embodies the fusion of technology, comfort, and freedom LAS VEGAS – Media OutReach Newswire – 3 January 2025 – CarUX Technology Pte. Ltd., with the direction “More than Display, and Far Beyond,” will showcase new vision solutions for automotive products based on her strategy, Harmonious User Experience “HUE”, from January 7th to 9th in Las Vegas, USA. CarUX keeps providing the differentiation elements and the freedom of stylish design, by bridging the technology to the automotive standards. The exhibition includes the first OLED solution of CarUX. CarUX debuted Windshield Reflective Solution (WRS) As CarUX Chairman as well as Innolux Chairman and CEO Jim Hung stated, “With the rapid advancements in mobility technologies and AI, the car has evolved from merely transportation to another living space, connecting digital lifestyles through networking. CarUX is dedicated to relief the limitations of Display Devices to Vision Solutions by the product strategy “Harmonious User Experience.” From the launch of LID, Large Information Display, to the array of solutions we are showcasing now, we have been leveraging years of accumulated knowledge to create platforms, that carries safety and infotainment content, blended seamlessly into automotive interior and exterior designs”. Innolux Group will support its subsidiary CarUX in actively expanding smart automotive solutions as a system provider. CarUX automotive solutions feature organic shapes that integrated into vehicle styles. The displays are characterized by outstanding performance, including ultra-low reflection rate, high brightness, high contrast, wide color gamut, energy efficiency, and fast response times. In addition to CarUXs’ ongoing AM miniLED, MicroLED as well as the first OLED solution are in its portfolio of vision solutions Pioneering a New Era of Automotive Vision Solutions with “Harmonious User Experience” CarUX debuted a comprehensive Windshield Reflective Solution (WRS), featuring the “9.6-inch Micro-LED AR WRS” and the “48-inch WRS.” WRS utilizes high-brightness, high-resolution, and energy efficiency by Micro-LED projective module embedded with proprietary algorithms, to deliver stereoscopic images with depth perception. This enables drivers to access essential information, from the projective image on the windshield, while keeping their eyes on the road enhancing driving safety. Additionally, the system extends the projection range to co-pilot’s view, offering more infotainment options while allowing partial projection deactivation to reduce in-cabin light sources for comfort. WRS significantly reduces the size of conventional head-up display, HUD, freeing up valuable cabin space. This innovative solution not only improves driving safety but also enhances interior design with a futuristic, high-tech aesthetic, redefining the in-car-user-experience and setting a new benchmark. During the exhibition, CarUX is also unveiling several cutting-edge technologies under “Harmonious Driving Experience,” including more than ten features in”Smart Display+” that allows distributed computing and lower the data transit bandwidth, multiple new version of “InvisiView“, “Kinematic Solutions“, “Haptics and Force Sensing“, and “Camera Behind Display.” CarUX actively drives solution development and deliver enhanced value across the ecosystem in collaboration with strategic partners. First Revolutionary Next-Gen OLED Display Technology CarUX, with its partner JDI, has jointly developed the “32-inch OLED LID“, featuring the next-generation OLED Technology, eLEAP. Compared to conventional OLED displays on the market, eLEAP offers twice the brightness and triple the lifespan, providing customers with a superior OLED display option. As well, eLEAP represents a breakthrough in GreenTech and its highly efficient manufacturing process reduces CO2 emissions by 50%, making it a sustainable solution for automotive industry. Hashtag: #CarUX The issuer is solely responsible for the content of this announcement.
Bata Boosts Creative Vision with New Leadership Appointment
LAUSANNE: Bata, a global leader in footwear and fashion, is pleased to announce the appointment of Miguel Esquide as Chief Design Officer – Bata. This key addition signals Bata’s commitment to innovation and creativity in its ongoing journey to connect with modern audiences worldwide. Miguel’s experience, spanning two decades with renowned brands, will be central to shaping Bata’s creative direction and strengthening its brand identity. Miguel’s career highlights include co-founding the luxury brand 1CONCEPT—known for its bold aesthetics featured in Vogue and celebrated by cultural icons like Miley Cyrus and Rosalía—as well as leading footwear design and strategy at INDITEX for major labels such as Lefties, Zara, and Pull&Bear. His ability to craft collections that resonate with consumers and deliver impactful campaigns aligns perfectly with Bata’s vision of making stylish, accessible footwear for everyone. As Chief Design Officer – Bata, Miguel will oversee the Bata brand and its extensions, including Bata RedLabel and Bata Comfit. Based in Padova, Italy, he will lead a team of talented designers, blending Bata’s heritage with contemporary design elements to ensure the brand remains inspiring and relevant for today’s consumers. “At Bata, we are reinforcing our commitment to design innovation by appointing a Chief Design Officer to our executive team,” said Sandeep Kataria, CEO of Bata. “This significant step reflects our vision to place design at the core of our brand’s evolution – setting the stage for fresh, engaging collections that embody the brand’s dedication to craftsmanship and style“. Miguel brings a proven ability to make design both distinctive and commercially powerful. His modern approach will be key as we continue to elevate Bata’s brand and inspire deeper connections with consumers worldwide.”
Canon Hong Kong Announces the Appointment of Gary Lee as the New CEO
HONG KONG SAR – Media OutReach Newswire – 2 January 2025 – Canon Hongkong Company Limited (Canon Hong Kong) is pleased to announce today the appointment of Mr. Gary Lee as the company’s new CEO, with immediate effect. With over three decades of experience in accounting and finance, Mr. Lee joined Canon Hong Kong in 1997 and has held several senior management positions across different business units and geographics, laying a solid foundation of leadership and expertise. In his new role, Mr. Lee will spearhead the company’s business operations in Hong Kong, Macau and the Greater Bay Area. “Canon Hong Kong has a deep bonding with Hong Kong people for over 50 years. Leveraging the city’s unique geographical advantage as a gateway to Macau and the Greater Bay Area, we have achieved remarkable growth in both local and cross-border business with the immense support of our customers and business partners. I look forward to striving for new heights with the talented team. We will continue to drive digital transformation for our customers through innovative imaging technologies and intelligent business solutions. At the same time, we remain committed to our corporate philosophy of “Kyosei” to create greater value for the society and move towards a sustainable future with other stakeholders.” Mr. Lee shared. Mr. Lee graduated from Hong Kong Baptist University in 1992 with a degree in Business Administration. His journey with Canon Hong Kong began in 1997 with initial focus on finance and accounting. In 2012, he earned an Executive MBA degree from The Chinese University of Hong Kong. Known for his forward-thinking approach, Mr. Lee has been a strong advocate for utilizing advanced technologies to enhance operational efficiency and accelerate digital transformation. In 2011, Mr. Lee was promoted to Senior Director, overseeing Finance and Accounting, Information Technology, Supply Chain Management and Legal and Compliance across Hong Kong, Macau, Taiwan, the Philippines and Mongolia. From 2017 to 2024, Mr. Lee took up the role of Vice President and CFO of Canon India, where he managed key functions spanning from Finance, Legal, Corporate Communication, Government Relations to Central Procurement. With his tremendous insight and a wealth of global perspective, Mr. Lee will lead the company to propel and stay competitive in the rapidly evolving industry. Hashtag: #CanonHongkong The issuer is solely responsible for the content of this announcement. About Canon Hongkong Company Limited Canon Inc. (TSE:7751 / NYSE:CAJ) was founded in 1937 in Japan. Its predecessor, Precision Optical Instruments Laboratory, produced Japan’s first 35 mm focal-plane-shutter camera “Kwanon” in 1934. From there, Canon Inc. expanded into the photocopying and printing industries, launching Japan’s first plain-paper copier NP-1100 in 1970 and the world’s first inkjet printer BJ-80 in 1985. Through the years, Canon Inc. has acquired in-depth experience in digital imaging product manufacturing, research and development. Pioneering in innovative product development, Canon Inc. holds the most technology patents in the imaging industry. Canon Inc. also makes significant contributions to promote photography. Today, Canon Inc. has a strong global presence, representing one of the most important market players in the imaging, office and industrial product categories. As of 31 December 2023, Canon’s global revenue was US$29.44 billion. In 1971, Canon Hongkong Co., Ltd. (Canon Hong Kong) was established as one of the first Canon offices in Asia. Canon Hong Kong is a Total Imaging Solution provider, providing professional pre-sales, marketing and after-sales services for all Canon products and solutions in Hong Kong and Macau. With the solely owned subsidiary Canon Business Solutions (Guangdong) Co., Ltd. established in 2018; the company continues to deliver intelligent total business solutions and professional services to Greater Bay Area. Canon Hong Kong adheres to Canon’s corporate philosophy of “Kyosei”, encouraging the company and staff to engage in social, charitable and environmental activities for the community. Implementing an internationally recognized management system, Canon Hong Kong has achieved ISO 9001, ISO 14001, ISO 45001 and ISO 27001 (Canon Digital Production Center) certifications. For more information about Canon Hong Kong, please visit our website: https://hk.canon.
