Media OutReach

HONG KONG SAR – Media OutReach Newswire – 31 May 2025 – International mediation marked a significant milestone yesterday (May 30) with the establishment of the International Organization for Mediation (IOMed). The IOMed, with its headquarters in Hong Kong, is the world’s first inter-governmental international legal organisation devoted to the use of mediation in resolving international disputes. More than 80 countries and about 20 international organisations, including the United Nations, sent senior representatives to Hong Kong to witness the Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation. Member of the Political Bureau of the Communist Party of China Central Committee and Minister of Foreign Affairs of the People’s Republic of China, Wang Yi, attended the Signing Ceremony and was the first to sign the Convention on behalf of China. Altogether, 33 countries signed the Convention on-site, making them the founding members of the IOMed. Addressing the ceremony, Mr Wang said that as an innovative step in international rule of law, the IOMed has great significance in the history of international relations. The IOMed will be headquartered in Hong Kong, whose handover is itself a success story of peaceful settlement of international disputes. He added that the success of the “one country, two systems” principle has created brighter prospects for prosperity and stability in Hong Kong. Member of the Political Bureau of the Communist Party of China Central Committee and Minister of Foreign Affairs of the People’s Republic of China, Wang Yi, speaks at the Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation and is the first to sign the Convention on behalf of China. Chief Executive of the Hong Kong Special Administrative Region (HKSAR), John Lee, thanked the Central Government for its staunch support of Hong Kong, and the international community for placing their trust and confidence in the city. “The IOMed will provide a pathway for countries – regardless of culture, language and legal system – to resolve international disputes based on mutual respect and understanding,” Mr Lee said. “This is increasingly important amid mounting geopolitical tensions.” Mr Lee underscored that the IOMed reflected a shared confidence in mediation as a peaceful means to maintain international peace and security, as stipulated in the Charter of the United Nations. HKSAR’s Chief Executive John Lee speaks at the signing ceremony. The Chief Executive also set out Hong Kong’s advantages as an effective “super connector” and “super value-adder” and said the city would actively promote the IOMed’s valuable work in settling international disputes through mediation. “Despite geopolitical turbulence, Hong Kong builds bridges, not walls,” Mr Lee said. “Under our unique “one country, two systems” principle, Hong Kong is the only world city that enjoys both the China advantage and the global advantage. “We are the only common law jurisdiction in China, and the only jurisdiction in the world with a bilingual common law system in both Chinese and English. We have a long tradition of the rule of law, and our courts exercise their judicial power independently.” With a robust, efficient and well-respected legal system as well as world-class legal and dispute resolution services professionals, Hong Kong is also the most preferred seat for arbitration in the Asia-Pacific region. The IOMed headquarters will be located at the site of the former Wan Chai Police Station, once renovation of the Grade 2 historic building is completed. “I’m happy to say that it could open its doors as early as the end of this year,” said Mr Lee. “We look forward not only to welcoming its new occupants, but also to supporting them in building new bridges for a more connected, peaceful and prosperous future through mediation.” Representatives from over 30 countries, including China and countries from Asia, Africa, Latin America and Europe, jointly signed the Convention on the Establishment of the International Organization for Mediation in Hong Kong on May 30. In the afternoon, the Global Forum on International Mediation discussed topics such as mediation of disputes among countries and mediation of international investment and commercial disputes and the contributions that the IOMed can make. Hashtag: #hongkong #brandhongkong #asiasworldcity #mediation https://www.brandhk.gov.hk/https://www.linkedin.com/company/brand-hong-kong/https://x.com/Brand_HK/https://www.facebook.com/brandhk.isdhttps://www.instagram.com/brandhongkong The issuer is solely responsible for the content of this announcement.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 30 May 2025 – Traders and investors alike are unnerved by the recent turbulence in the bond markets. After Moody’s—a major rating agency—downgraded U.S. government debt on 16 May, and Japanese long-term bond yields soared to multi-decade highs, some market participants started to fear that the world may be on the verge of a major debt crisis. Meanwhile, the yield on 20-year UK government bonds neared 5.5%, a level not seen in 27 years, as investors grew more worried about the extent of Chancellor Rachel Reeves’ borrowing plans. Octa Brokers looks at the potential implications of these developments for global markets. Ticking Fiscal Bomb The U.S. mounting national debt has long been the subject of intense debate and concern among economists, policymakers, and the public. Apocalyptic predictions of a U.S. default and dollar collapse are nothing new. They first appeared decades ago and have been surfacing here and there regularly, attracting plenty of followers. However, these predictions have never materialised, while the doomsayers have been dismissed as amateur conspiracy theorists at best and irresponsible alarmists at worst. Still, while we are not inclined to take a grand stance on this issue, we cannot afford to ignore the latest market developments regarding the U.S. debt. Often called a ‘ticking fiscal bomb’, it has recently started raising fears about the nation’s long-term economic stability and potential impact on global markets. ‘On current trends, U.S. national debt is projected to reach $37 trillion in two weeks and may reach $40 trillion by the end of the year. This trend cannot continue forever. The Fed’s [Federal Reserve] printing press may have no limit, but market patience does have its limit’, says Kar Yong Ang, a financial market analyst at Octa broker. Indeed, the market’s perception of risk regarding U.S. government debt has clearly risen. This is evident in the noticeable increase in the cost of insuring exposure to U.S. government debt over the past month. The spreads on U.S. credit default swaps (CDS)—a key measure of default risk—have reached their widest levels since the 2023 debt ceiling crisis in recent weeks (see chart below). Market stress intensified even more following Moody’s downgrade and the passage of the U.S. President Donald Trump’s ‘One Big Beautiful Bill Act’ in the House of Representatives. The bill features $3.8 trillion in tax cuts and is widely expected to worsen the federal budget deficit outlook. As a result, investors started to demand higher returns for holding long-term U.S. government bonds, pushing the yields on 20-year notes above the important 5% level on 21 May. 5-Year Credit Default Swaps Source: LSEG Kar Yong Ang comments: ‘Policy uncertainty is all over the place. Tariffs, tax bill, debt ceiling. No wonder investors charge a premium for holding the debt of a country, which is not in a ‘triple-A club’ anymore. Investors want higher yield in order to provide long-term lending in the current uncertain climate’. Indeed, the U.S. government actually hit its legal borrowing limit back in January and has been using special procedures to avoid exceeding it and potentially defaulting. However, these measures are expected to run out around late August or early September, at which point the government might be unable to meet all its financial commitments. Yields of government bonds with the longest maturities have been rising sharply not just in the United States but also in Japan and the United Kingdom (UK) (see chart below). On 20 May, Japan’s 20-year government bond (JGB) auction had its worst results since 2012. The demand was weak, with the bid-to-cover ratio dropping to 2.50, while the lowest accepted price was just ¥98.15, some 2% below the expected price. Yields on 20-Year Government Bonds Source: LSEG ‘Japan’s auction signals poor liquidity and weak interest in new long-term securities as investors are concerned about excessive profligacy. It seems to me that the BoJ wants to stop buying bonds at the worst possible moment. Who is going to replace it?’, rhetorically asks Kar Yong Ang, referring to BoJ plans to taper its massive bond purchase programme. Indeed, although yields on long-term JGBs have been rising since the COVID pandemic, the trend accelerated after the Bank of Japan (BoJ) moved toward monetary policy normalisation amid rising wage growth and inflation. Policy normalisation implied higher short-term rates and fewer bond purchases. Thus far, BoJ has ended its yield curve control (YCC), raised its benchmark interest rate from -0.1% to 0.5% and even embarked on quantitative tightening (QT). These factors contributed to the consistent increase in Japanese government bond yields. Today, however, the situation is complicated by additional fiscal stimulus, which could result in more government borrowing just as the BoJ prepares to slowly exit the debt markets. The Cabinet already approved a massive ¥21.9 trillion ($142 billion) economic stimulus package back in November 2024. Most recently, it approved an emergency plan to allocate ¥388 billion ($2.7 billion) from reserve funds to assist businesses and households affected by U.S. tariffs. ‘Investors are sending a very clear message: if we are the only ones left to finance these spending plans, then we demand higher returns’, concludes Kar Yong Ang. The recent movements in the U.S., Japanese, and UK government bond markets paint a concerning picture of increasing investor unease regarding sovereign debt. From the rising cost of insuring U.S. debt and the poor reception of Japan’s long-term bond auction to the near 27-year high in the UK gilt yields, a common thread of heightened risk perception is evident. As Kar Yong Ang of Octa Broker points out, factors like policy uncertainty, fiscal profligacy, and the prospect of central banks reducing their bond purchases are prompting investors to demand greater compensation for lending to governments. ‘The problem is not just that governments have an enormous mountain of debt. The real problem is that the market is intricately interconnected. A small trouble in one place can morph into a major crisis elsewhere. What if higher JGB yields lure Japanese capital back

ESSEN, GERMANY – Media OutReach Newswire – 30 May 2025 – Midea, the world’s No.1 residential inverter air conditioner company, has reached a new milestone as its Midea Numen air conditioner won the prestigious German Red Dot Product Design Award 2025. Featuring an AI system and innovative structural design, Numen enhances energy efficiency and cooling experience, quickly gaining popularity in Malaysia and Thailand. Midea Numen AC for Southeast Asia Earns German Red Dot Award for Groundbreaking Designs Powered by the advanced AI ECOMASTER system, Numen balances energy saving with optimal comfort by adapting to environmental conditions and user preferences. With precise temperature control of ±0.3°C and verified 30% extra energy savings, it delivers smart, efficient cooling. Complementing this, Midea’s cutting-edge inverter technology—backed by 27 years of development and over 3,300 patents—ensures high performance and reliability. Numen improves user experience with COOLFLASH technology that drops room temperature by 5°C within 10 minutes, even during extreme heat of up to 55°C. Its upgraded I-Clean frost cleaning removes more dust and bacteria, while the AIR MAGIC ion generator eliminates viruses efficiently. Designed for Southeast Asia’s humid climate, it uses Prime Guard’s six-layer protection including anti-corrosion copper tubes and UV-coated PCBs for durability. Thai and Malaysian customers are surprised by its cooling effectiveness, quiet operation, and reliable service. Numen’s innovative PULL-DOWN STRUCTURE revolutionizes installation and maintenance by providing easy access to internal components, reducing PCB replacement to 74 seconds and motor replacement by 72%. For users, it simplifies cleaning with a taller air outlet and easily removable louvers, ensuring long-term efficiency and less downtime. With over 20 years of overseas market cultivation, Midea has established manufacturing and R&D centers in Southeast Asia, focusing on localized design and production. Committed to advancing inverter technology, Midea aims to deliver energy-efficient, user-friendly air conditioners that meet practical consumer needs in the region. Midea Official Website Thailand https://www.midea.com/th Malaysia https://www.midea.com/my Indonesia https://www.midea.com/id Vietnam https://www.midea.com/vn The Philippines https://www.midea.com/ph Hashtag: #Midea The issuer is solely responsible for the content of this announcement.

HONG KONG SAR – Media OutReach Newswire – 30 May 2025 – DFI Retail Group Holdings Limited (‘DFI’ or the ‘Group’) today announces the sale of 315,309,310 common shares in Robinsons Retail Holdings, Inc. (‘RRHI’), representing approximately 22.2% of RRHI’s outstanding shares. This transaction reflects DFI’s strategic pivot from a portfolio investor to a focused operating company, enabling the Group to divest minority positions and redeploy capital to support the growth and higher returns of subsidiary businesses. DFI first became a significant minority shareholder in RRHI in 2018 through the share-for-share swap transaction involving Rustan Supercenters, Inc. Following this divestment, the Group will review the use of the divestment proceeds to support its capital allocation strategy and long-term growth priorities which include – but not be limited to – expanding digital retail media, advancing own brand innovation, and enhancing omnichannel capabilities across its key markets. DFI remains confident in RRHI’s long-term prospects and the continued success of their exclusive distribution of Meadows and Guardian brands. Scott Price, Group Chief Executive of DFI Retail Group, said, “We would like to sincerely thank the Robinsons Retail team for their hard work, partnership, and commitment over the years. Our collaboration has been instrumental in growing our presence in the Philippines, and we look forward to continuing this strong relationship as we each focus on our strategic priorities.” “This transaction represents a significant step in our evolution as an operating company, enabling us to redeploy capital to support growth and enhance shareholder returns across our subsidiary businesses. We will evaluate the deployment of divestment proceeds to ensure alignment with our capital allocation strategy and long-term growth ambitions.” The transaction was executed via a special block sale on the Philippine Stock Exchange, with pricing agreed upon based on prevailing market conditions and strategic considerations. Hashtag: #DFIRetailGroup https://www.dfiretailgroup.com/ The issuer is solely responsible for the content of this announcement. DFI Retail Group DFI Retail Group is a leading Asian retailer, driven by its purpose to ‘Sustainably Serve Asia for Generations with Everyday Moments’. As at 31 December 2024, the Group, its associates and joint ventures operated over 10,700 outlets, of which more than 5,000 stores were operated by subsidiaries. The Group, together with associates and joint ventures, employed over 190,000 people, with over 45,000 people employed by subsidiaries. The Group had total annual revenue in 2024 of US$24.9 billion and reported revenue of US$8.9 billion. The Group is dedicated to delivering quality, value and service to Asian consumers through a compelling retail experience, supported by an extensive store network and highly efficient supply chains. The Group, including associates and joint ventures, operates a portfolio of well-known brands across six key divisions: health and beauty, convenience, food, home furnishings, restaurants and other retailing. The Group’s parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong. DFI Retail Group is a member of the Jardine Matheson group.

ESSEN, GERMANY – Media OutReach Newswire – 30 May 2025 – Midea, the World’s No.1 Residential Inverter Air Conditioner Company, reached another important milestone in its innovation journey as the Midea Numen air conditioner won the German Red Dot Product Design Award 2025, the globally prestigious recognition for excellence in design. Numen stands out with its AI system and innovative structure design that improve energy efficiency and cooling experience, delivering surprising moments for Southeast Asian consumers. Now Numen is available in Malaysia and Thailand and is rapidly gaining popularity. Midea Numen AC for Southeast Asia Earns German Red Dot Award for Groundbreaking Designs Midea Numen Achieves Excellency and Efficiency hrough Latest AI ECOMASTER System Powering Numen’s revolutionary approach is the groundbreaking AI ECOMASTER, an advanced AI system that leverages big data to achieve the perfect balance between energy saving and optimal comfort. The system intelligently adapts to environmental conditions and user preferences, delivering significant energy savings by expertly managing temperature, with precise temperature control of ±0.3°C, avoiding unnecessary fluctuations and waste. Verified by SGS, Numen can achieve 30% extra energy savings with ECOMASTER. Alongside the ECOMASTER, Numen is equipped with Midea’s advanced inverter, the heart of air conditioners. As the world’s No.1 inverter air conditioner company, Midea has been developing cutting-edge inverter technology for 27 years, obtained 3,300 patents related to inverters worldwide, and owns 35 global leading inverter technologies. Elevating Southeast Asian User Experience Through Comfort, Health, and Durability Numen features the latest generation of COOLFLASH, which can drop the room temperature by 5°C in just 10 minutes, with an air volume of 665m³/hour and a delivery distance of 8.1 meters. During extreme summer days with temperatures up to 55°C, Midea inverter still operates effectively to maintain comfort. Numen also focuses on air quality. With I-Clean technology, Midea Numen has been upgraded from water washing to frost cleaning, which can remove more dust and bacteria, keeping the AC clean and performing optimally. Meanwhile, with AIR MAGIC’s ion generator, it creates millions of positive and negative ions that effectively eliminate bacteria and viruses, while consuming less than 1 kWh over 24 hours. Focusing on users’ daily pain points under the specific conditions in the Southeast Asia, Numen enhancing durability and lifespan through innovative engineering design and material innovation. Numen is equipped with Prime Guard’s six-layer protection technology, which includes the higher-purity anti-corrosion copper tubes TU1 and applies UV conformal coating on PCB components. When facing humid and rainy days, these designs can effectively achieve fundamental corrosion resistance and durability. From Thai and Malaysian customers’ reviews, they appreciate Numen for exceeding expectations with its excellent cooling, quiet operation and expressed confidence in the long-term reliability. Also, the fast delivery and professional installation services also surprised them. Numen Redifies Installation, Maintenance and Cleaning Standard with Innovative PULL-DOWN Design Numen introduces a revolutionary PULL-DOWN STRUCTURE that completely transforms the air conditioning experience for both installers and users. By simply loosening a screw to access the drop-down structure and built-in support frame, technicians gain expanded working space and better visibility. The innovative design delivers remarkable maintenance efficiency improvements. PCB replacement, which typically requires removing the entire frame in conventional units, takes just 5 steps and 74 seconds with Numen. Motor replacement is even more impressive: while traditional AC units require refrigerant recycling and evaporator removal, Numen accomplishes this in just 4 steps and 3 minutes 20 seconds, improving maintenance efficiency by 72%. For everyday users, this design simplifies routine cleaning and ensures long-term efficient operation while significantly reducing maintenance downtime. The Pull-down Structure enhances maintenance accessibility, allowing easier access and more thorough cleaning of the wind wheel, while the 25.72% taller air outlet and buckle-designed louver that’s simple to remove streamline daily cleaning procedures for users. Midea Commits to Delivering Superior Products While Deepening Local Market Development in SEA Midea has been deeply cultivating overseas markets for over 20 years and has established 2 manufacturing factories and an R&D center in Southeast Asia, implementing localized product designs while building strong local production and development capabilities. Recently, Midea has also become a Global Supporter of the AFC’s club competitions, further connecting with local consumers. Looking ahead, Midea will continue to inspire and upgrade inverter technology, committed to the transition towards more energy-efficient, user-friendly air conditioning solutions that combine cutting-edge technology with practical everyday benefits for consumers. Midea Official Website Thailand https://www.midea.com/th Malaysia https://www.midea.com/my Indonesia https://www.midea.com/id Vietnam https://www.midea.com/vn The Philippines https://www.midea.com/ph Hashtag: #midea The issuer is solely responsible for the content of this announcement.

BANGKOK, THAILAND – Media OutReach Newswire – 30 May 2025 – Her Royal Highness Princess Ubolratana Rajakanya Sirivadhana Barnavadi graciously presided over the “Thai SELECT Royal Gala Night.” The prestigious event, designed to spotlight Thai cuisine and the trusted Thai SELECT label on the global stage, celebrated the distinctive allure and tastes of Thai food, an integral part of the nation’s rich cultural tapestry. Held under the theme “THE FIVE SPIRITS OF THAI TASTE,” the gala provided an unparalleled culinary journey. The Department of International Trade Promotion (DITP), under the Ministry of Commerce, organized the event on Wednesday, May 28, 2025, at the Mandarin Oriental Hotel in Bangkok. Her Royal Highness delivered the opening remarks, warmly welcoming the distinguished guests. The gala dinner featured an exquisite five-course meal, each course representing one of “THE FIVE SPIRITS OF THAI TASTE,” masterfully interpreted by acclaimed chefs associated with the Thai SELECT initiative: (1) The Awakening Spirit (sour) presented by BLUE ELEPHANT (2) The Grounded Spirit (salty) presented by Amdang Typhoon Group (3) The Fiery Spirit (spicy) presented by Royal Osha (4) The Soulful Spirit (creamy) presented by R-HAAN (5) The Nostalgic Spirit (sweet) presented by The Artisans Ayutthaya Adding to the evening’s significance was the participation of Ethan Bernath, a globally recognized American chef, writer, and content creator known for shaping global culinary narratives. He engaged in a compelling dialogue with Thailand’s leading chefs, exploring the authentic essence of Thai flavors. Thai SELECT is a prestigious certification awarded by the Ministry of Commerce to outstanding Thai restaurants, both within Thailand and internationally, as well as to high-quality ready-to-eat Thai food products. This mark of excellence signifies adherence to authentic flavors and traditional cooking techniques, fostering a worldwide appreciation for genuine Thai cuisine. As a vital component of Thailand’s soft power, Thai food acts as a cultural envoy while driving business and economic prosperity. Mr. Pichai Naripthaphan, Minister of Commerce, stated, “…Today, Thai SELECT has emerged as a trusted global symbol and a vital instrument in advancing Thailand’s soft power. Recently, the Ministry of Commerce has refreshed the image and upgraded the criteria for awarding the Thai SELECT label to four levels marked with a star symbol, comparable to Michelin stars, to better reflect international standards, authentic Thai flavors, and the rich cultural experience. This ensures that both domestic and international consumers can easily recognize and appreciate Thai cuisine, fostering its lasting acceptance on the global stage…” Reflecting on the gala, Chef Ethan Bernath remarked, “Tonight’s event beautifully captured the essence of Thai cuisine, not only in taste but also in culture. Every element brings out the depth of wisdom and passion from its creators. I’m glad that we now have the Thai SELECT symbol, which assures consumers and guarantees that Thai restaurants and food products around the world uphold high standards while preserving the authentic flavors of Thailand..” The Ministry of Commerce remains committed to elevating the global standing of the Thai SELECT program, including the introduction of the “Orchid Star of Honor” emblem, a mark of the highest refinement in Thai culinary arts. Restaurants are now categorized under four tiers: Thai SELECT 3 Stars, Thai SELECT 2 Stars, Thai SELECT 1 Star, and Thai SELECT Casual. Currently, there are over 18,800 Thai restaurants globally, with more than 1,800 holding the Thai SELECT certification. Furthermore, over 900 ready-to-eat Thai food products from more than 100 companies bear the Thai SELECT label. These accomplishments underscore the potent role of Thai cuisine in showcasing Thailand and its vibrant culture to the world. Hashtag: #DITP #ThaiSELECT The issuer is solely responsible for the content of this announcement.

HONG KONG SAR – Media OutReach Newswire – 30 May 2025 – Hong Kong Quality Assurance Agency (HKQAA) held the HKQAA International Sustainability Forum • Hong Kong 2025 at the Convention Hall of Hong Kong Convention and Exhibition Centre. Mr Tse Chin-wan, BBS, JP, Secretary for Environment and Ecology of the Government of HKSAR; Mr Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury of the Government of HKSAR; Dr Chen Gang, Acting SG of BRI International Green Development Coalition; and Mr Gao Guosheng, Member of the Party Leadership Group of the Guangdong Provincial Administration for Market Regulation, Secretary of the Party Committee and Secretary General of the Guangdong Intellectual Property Administration are the officiating guest and special guest. In addition, Dr Bernard Chan, JP, Acting Secretary for Commerce and Economic Development of the Government of the HKSAR, officiated the Thematic Forum – Pathways to the Sustainable Development of the Silver Economy; and Mr Wei Dunsheng, Deputy Mayor of Nanping Municipal People’s Government, Fujian Province, officiated the Thematic Forum – Shaping a Sustainable and Livable City: Green Industry, Shared by the World. Linked policymakers and business leaders to explore green opportunities and low-carbon transition of the BRI Sustainable development and low-carbon transition have become a global topic of concern, receiving significant attention from both the business and financial sectors. The Forum invited local and overseas political and business leaders, experts and academics to share their experiences and insights. In the Morning Forum – Seizing Green Finance Opportunities in the Low-Carbon Transition of the Belt and Road Initiative and the Greater Bay Area, the special guest speakers included Dr Zhang Jianyu, Chief Development Officer of BRI International Green Development Coalition; Mr Riyadi Suparno, Executive Director of Tenggara Strategics (speaker from Indonesia); Mr Ronnie Tham, Partner at Treo Capital (speaker from Malaysia); and Mr Leo Horn-Phathanothai, Founder and CEO, Just Transitions Incubator (JUTI) (speaker from Thailand). “We took the lead in launching the Green Finance Certification Scheme in 2018 to help enable Hong Kong to leverage its strengths as a Belt and Road investment and financing platform to attract international capital and boost Belt and Road development. Moreover, we have forged a cooperative relationship with BRI International Green Development Coalition, which is jointly initiated by Ministry of Ecology and Environment of our country and international organisations. We aim to promote exchanges and mutual recognition of carbon standards with BRI countries, strengthen capacity-building training, and foster closer green cooperation,” said Ir C. S. Ho, Chairman of the HKQAA. In the Afternoon Forum – Implementing Sustainable Development and Climate Financial Disclosure, the special guest speakers included Representative of Beijing Municipal Finance Bureau; Ms Janey Lai, Chief Executive Officer, The Accounting and Financial Reporting Council; Mr Leng Bing, Member of the International Sustainability Standards Board (ISSB); Prof Liu Yifang, Director, Sustainable Standards Research Center, Central University of Finance and Economics, Professor and PhD Supervisor of School of Economics. Climate Impact GPS Campaign: supporting the Government’s roadmap on climate disclosure HKQAA announced on the event that it took the lead in launching the HKQAA Climate Impact GPS Campaign earlier this year in support of the sustainability disclosure policies of our country and the HKSAR Government. This initiative aims to engage organisations, including the banking sector and the listed companies, in building capacity to address climate-related risks and opportunities so as to well prepare required climate-related financial disclosures by offering industry-based technical guidance, workshops and software tools, including the scope 3 greenhouse gas emissions calculation tool. The Campaign is open to organisations at no cost, and nearly 90 participating organisations that joined the Pilot Program were recognised on a presentation ceremony in the Afternoon Session. Participating organisations of the Pilot Program gain prior access to preview relevant industry-based technical guidance, as well as participate in workshops and use the tools. In terms of promoting professional talent development, HKQAA is honoured to be invited to cooperate with the Beijing Municipal Finance Bureau on a sustainability information disclosure pilot and training project, helping the country steadily advance the development of its sustainability disclosure standards system. Moreover, a memorandum of understanding was signed at the Forum by Mr P C Chan, Chief Executive Officer of HKQAA, and Prof Karen Cheung, Director of Hong Kong Institute of Education for Sustainable Development. This memorandum aims to jointly promote the establishment and optimisation of sustainable development talent standards in Hong Kong, enhance talent cultivation and the upgrading of sustainable development skills, effectively drive industry-wide sustainable development, and foster Hong Kong and the entire Greater Bay Area as an international centre for sustainable development talent. ”I would like to take this opportunity to thank the HKQAA for its contributions to the development of green finance in Hong Kong. The HKQAA has been participating in the development of international standards for sustainable finance and launched the Green and Sustainable Finance Certification Scheme (formerly called Green Finance Certification Scheme) in 2018. I am delighted to know that the HKQAA also supports the development of a roadmap for sustainability disclosure in our country by contributing to the Beijing Municipal Bureau of Finance and Economy’s pilot project for sustainability disclosure and talent development. At home, it has supported Hong Kong’s own disclosure roadmap by establishing industry-specific climate risk tools to help local businesses prepare for future reporting requirements,” said Mr Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury, in his remarks via video. Introducing the Effectiveness and Potential Application of Structural Data Disclosure Model for Sustainability Disclosure HKQAA introduced a brand-new structural data disclosure model in 2024, named the “Nexus Data Model”. With the meaning of nexus, the objective of the data model is to link material sustainability issues and to connect all stakeholders together. This model is already applied to HKQAA ESG Connect Program, Hong Kong Registration and will be used for other engagement, disclosure or assessment services in the future application. As the evaluation project leader of this data disclosure model, Professor Zhang Lin, School of Energy and Environment of