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- Chuangxin Industries Announces 2026 Interim ResultsFinancial Highlights: - For the first half of 2026, the Company recorded revenue of approximately RMB 11.53 billion, representing a YoY increase of approximately 32.4%. - Net profit attributable to owners of the company was approximately RMB 2.30 billion, representing a YoY increase of approximately 166.1%. - Earnings per share reached approximately RMB 1.11, representing an increase of approximately 91.4% from RMB 0.58 in the corresponding period of last year. HONG KONG, August 17, 2026 - Chuangxin Industries Holdings Limited (“Chuangxin Industries” or the “Company”, together with its subsidiaries, the “Group”; stock code: 02788.HK) announces its interim results for the six months ended 30 June 2026 (the “Reporting Period”). During the Reporting Period, the Company recorded outstanding results with a significant improvement in profitability, achieving revenue of approximately RMB 11.53 billion, representing a YoY increase of about 32.4%. Net profit attributable to the parent company was approximately RMB 2.30 billion, representing a YoY increase of 166.1%, and earnings per share were approximately RMB 1.11, representing a YoY increase of 91.4%. The growth was primarily driven by a year-on-year increase in electrolytic aluminium product selling prices, reduced production costs from a higher proportion of green energy usage, and the Company’s ongoing efforts to optimise its financing structure and reduce finance costs. Leveraging its years of experience in building an integrated industrial chain encompassing “energy-alumina refining-electrolytic aluminium smelting”, the Company continues to enhance its resource security and cost control capabilities. It has made positive progress in industrial chain synergy, energy security, green energy transition, and global expansion, further improving operational efficiency and profitability. This has allowed the Company to demonstrate strong earnings resilience amid industry cyclical fluctuations and lay a solid foundation for future high-quality development. Integrated Industrial Chain Advantages Continue to Materialise, Driving a Step-Change in Profitability Over the years, the Company has been deeply rooted in the upstream aluminium industry, establishing an integrated industrial chain covering “energy, alumina refining and aluminium smelting.” Currently, the Company operates an electrolytic aluminium production facility with an annual capacity of 788,100 tonnes and a supporting captive power plant in Huolinguole, Inner Mongolia, as well as an alumina refining and aluminium hydroxide production base in Binzhou, Shandong, forming a stable and efficient resource security system. Relying on this comprehensive integrated layout, the Company’s self-sufficiency in alumina and electricity fully meets its production requirements, effectively mitigating the impact of raw material and energy price fluctuations and further consolidating its cost competitiveness. At the same time, the Company continues to advance refined management and cost control, fully leveraging industrial chain synergies. This has enabled it to demonstrate strong earnings flexibility and risk resilience during the market recovery cycle. During the Reporting Period, benefiting from a year-over-year increase in electrolytic aluminium product prices, the Company’s profitability improved significantly, fully reflecting the synergistic effects and counter-cyclical resilience brought by its integrated industrial chain layout. Additionally, the Company completed the acquisition of the remaining equity interest in Shandong Chuangyuan New Material Technology Co., Ltd. and a 100% equity interest in Tongliao Smart Mining Co., Ltd., further strengthening its upstream resource layout, enhancing raw material security, and improving industrial chain synergy to support sustained and steady future development. Green Energy Expansion Continues to Deepen, Accelerating Digital and Intelligent Transformation The Company remains committed to green and low-carbon development, actively advancing renewable energy projects and increasing the share of green energy in its energy mix. As of the end of June 2026, the Company had commissioned 1,040 MW of wind power and 110 MW of solar power capacity, with overall project completion at approximately 66%. As subsequent project phases are gradually completed and commissioned, the Company's proportion of green energy is expected to exceed 50%, which will further reduce energy costs and enhance profitability and market competitiveness. The green energy transition not only effectively reduces production costs but also enables the Company to produce green aluminium products that align with global low-carbon development trends, meeting the growing demand for low-carbon materials in sectors such as new energy vehicles, high-end manufacturing, consumer electronics, and green construction. This continues to increase the added value of its products and market competitiveness. Simultaneously, the Company is advancing smart manufacturing and digitalisation and smart-manufacturing upgrades, accelerating the development of production equipment, automated control systems, and information platforms, while promoting the adoption of fully graphitized cathode retrofitting, applications of copper-inserted steel collector bars, and other energy-saving and consumption-reduction technologies to continuously improve production efficiency, energy utilisation, and product quality. On the sustainability front, the Company continues to enhance its ESG governance framework, publishing its inaugural ESG report and establishing a board-level ESG committee. It remains dedicated to improving environmental, social, and governance standards, actively promoting green manufacturing, energy conservation and emission reduction, further strengthening its capabilities for sustainable development. Globalisation Strategy Progressing Steadily, Aiming to Build a World-Class Green Aluminium Group While consolidating its domestic industrial base, the Company is actively advancing its globalisation strategy, accelerating overseas capacity expansion to enhance global resource allocation capabilities and international market competitiveness. In 2025, the Company, together with partners, invested in the construction of an integrated 500,000-tonne-per-annum electrolytic aluminium project in Saudi Arabia. As of the end of June 2026, the project had completed all necessary compliance approval procedures, with on-site construction in full swing and all work progressing steadily according to plan. This project will fully leverage the energy cost and geographic advantages of Saudi Arabia, providing vital support for the Company’s global industrial layout. The global energy transition and the rapid growth of industries such as new energy and high-end manufacturing will continue to drive demand for high-quality, low-carbon aluminium products. Going forward, the Company will fully leverage its integrated industrial chain and green energy advantages to further improve cost competitiveness and operational efficiency. Building on its international expansion, it will continue to explore global markets and enhance its long-term sustainable development capabilities. Looking ahead, the Company will remain focused on deepening its presence in the aluminium industry, relying on its integrated industrial layout, green energy advantages, and continuously improving operational management capabilities to strengthen its core competitiveness. It will steadily enhance its market position and overall influence in the global aluminium industry, advancing toward its goal of becoming an internationally competitive green aluminium enterprise. About Chuangxin Industries Holdings Limited Chuangxin Industries Holdings Limited (Stock Code: 02788.HK), established in 2012 and listed on the Main Board of the Stock Exchange of Hong Kong in November 2025, is an integrated production enterprise focusing on the upstream of the aluminium industrial chain-alumina refining and electrolytic aluminium smelting. The Company has strategically established production bases in Huolinguole, Inner Mongolia, and Binzhou, Shandong, creating an integrated ecosystem covering “energy, alumina refining and aluminium smelting”. The Company’s ability to manage the total costs of aluminium per ton ranks among the top of all aluminium smelting companies in China and is competitive on a global scale. The Company is committed to sustainable development and the continuous advancement of its integrated electrolytic aluminium ecosystem. By leveraging its cost advantages and bolstering R&D investment, the Company aims to enhance its competitiveness and market standing. Furthermore, it strives to mitigate carbon emissions across the value chain, with the ultimate long-term goal of achieving a comprehensive green business transformation. Chuangxin Industries’ Official Website: https://en.innovationigi.com/
- Following Surge in Water-Based and Bio-Based Barrier Dispersion Coatings for Recyclable Packaging, New Study Tracks 10-Year Coating Chemistry TransformationExplore the global packaging coatings market outlook for 2026-2036, with growth opportunities in PFAS-free barriers, bio-based coatings, recyclable mono-materials, nanocellulose and smart packaging. The report analyses PPWR impacts, forecasts, regional demand, competitors, M&A and investment priorities.
- SalMar - Prospectus approved for listing of three green bond issuesKverva, 17 August 2026: The Financial Supervisory Authority of Norway has on 17 August 2026 approved the prospectus prepared by SalMar ASA (the Company) in connection with the listing on the Oslo Stock Exchange of the Company's three green bond issues: (i) NOK 1 000 000 000 5.625% senior unsecured green bonds issued 25 February 2026 with maturity 25 February 2036 (ISIN NO0013735175); (ii) NOK 1 500 000 000 5.541% senior unsecured green bonds issued 18 June 2026 with maturity 18 June 2029 (ISIN NO0013755942); and (iii) NOK 2 500 000 000 FRN 3mN+88bps senior unsecured green bonds issued 18 June 2026 with maturity 18 June 2029 (ISIN NO0013755959).
- GenpactGenpact Named as One of the World's Most Sustainable Companies by TIME for Second Consecutive YearRecognition reflects Genpact's commitment to responsible innovation, measurable client impact, and a more sustainable future — Genpact (NYSE: G), the Agentic Operations company, today announced it has been named one of TIME magazine's World's Most...
- Unifi, Inc.UNIFI®, Makers of REPREVE®, Announces an Agreement to Sell Non-Strategic Real Estate in the U.S., with $60 Million of Expected Gross Proceeds to Deleverage and Transform the Balance SheetGREENSBORO, N.C., August 17, 2026--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, "UNIFI"), the makers of REPREVE® and one of the world’s leading innovators in recycled and synthetic yarns, today announced that it has entered into an agreement for the sale of two non-strategic real estate assets across its operating base in Yadkin County, North Carolina for approximately $60 million before fees and expenses. The non-strategic real estate assets include approximately 120 ac
- STRACON Group Holding Inc.STRACON Group Publishes 2025 Sustainability ReportSTRACON Group Holding Inc. (TSX: STG) (BVL: STG) ("STRACON Group" or the "Company"), today announced the publication of its 2025 Sustainability Report, the Company's fourth annual sustainability report, highlighting the Company's continued commitment to responsible business practices and sustainable value creation across its operations.The report outlines the Company's approach to environmental stewardship, health and safety, governance,...
- Food Expo and concurrent fairs attract over 520,000 visits, setting all-time recordThe Food Expo, Beauty & Wellness Expo and Home Delights Expo, organised by the Hong Kong Trade Development Council (HKTDC), concluded successfully today. The two trade fairs — Food Expo PRO and Hong Kong International Tea Fair — also closed on 15 August. The five fairs brought together over 1,850 exhibitors from more than 30 countries and regions, attracting over 520,000 public visits in total - a record high. Per capita spending continued to grow, reaching HK$1,685, reflecting the continued vibrancy of the local consumer market and strong public demand for gourmet food, healthy living and quality home products. For trade exhibitions, the Food Expo PRO and Hong Kong International Tea Fair drew some 20,000 buyers from 64 countries and regions. Apart from Hong Kong, buyers came from Chinese Mainland, Macao, Taiwan, Japan, Korea, as well as ASEAN countries, including Indonesia, Cambodia, Thailand, Malaysia and the Philippines, among others, reinforcing Hong Kong's unique advantages as a food trading hub. The International Conference of the Modernization of Chinese Medicine & Health Products, organised by the Modernized Chinese Medicine International Association (MCMIA) together with the HKTDC and ten scientific research institutions, also concluded successfully on 15 August. Over 30 distinguished speakers attended to discuss innovation, research and development in Chinese medicine, and global opportunities. Smilely Lam, Associate Executive Director of the HKTDC, said: "This year's fairs received an enthusiastic response. Attendance recorded solid growth, and per capita spending reached a record high alongside visitor numbers, reflecting the strong market demand for quality food, healthy living and novel experiences. This year's five fairs, themed 'Live Well · Stay Well', gathered a diverse range of food and beverage, wellness and related lifestyle products, services and experiences from around the world, comprehensively showcasing the latest trends in the health and wellness sector, and creating more business opportunities for the industry." Ms Lam added: "We are pleased to see the fairs attracting a broader range of international participation. Exhibitors, buyers and industry representatives concluded multiple cooperation and procurement agreements, underscoring Hong Kong's position as an important trade platform connecting Chinese Mainland and international markets, as well as its role as an international food trade hub. Buyers' purchasing intentions show that market demand continues to grow for health and functional products, convenience foods, specialty foods and premium tea products. Products with sustainable development concepts and international certifications such as Halal certification are also gaining popularity, reflecting the industry's proactive response to consumers' pursuit of healthy living, quality experiences and responsible consumption, injecting growth momentum into the market.” Per capita spending reaches record high of HK$1,685; Health and wellness products in the spotlight During the fairs, the organiser conducted a random sampling survey, interviewing more than 1,430 visitors. The per capita spending continued to grow, reaching HK$1,685, with 87% of respondents indicating that their actual spending was in line with or exceeded their budget, reflecting stable consumer sentiment. The fairs also successfully aligned with the healthy living consumption trend, with over 80% of respondents expressing interest in health and wellness-related products. The product categories of greatest interest to respondents included health and functional foods (62%), health supplements and nutritional products (51%), as well as mental and physical wellness products and healthy lifestyle items (40%). Among the respondents who are aware that the fairs have a halal food and beverage label, more than half of the respondents (53%) believed that halal food and beverage label helps promote halal products, while 51% noted the silver-age products and services showcased at the fairground, reflecting the continued growth potential of these markets. Public fairs draw strong crowds; buoyant spending atmosphere Over five days, The Food Expo, The Beauty & Wellness Expo and The Home Delights Expo offered visitors a diverse range of international food, beauty and wellness products, as well as home living experiences. Five themed days were held throughout the fairs, encouraging visitors to embrace quality living through product showcases, expert sharing and interactive experiences. The fairs also featured a variety of special products and limited-time offers, attracting strong visitor traffic and generating encouraging sales results. The Food Expo's Gourmet Zone featured Hong Kong's first chewy treats themed market, featuring chewy desserts that received an enthusiastic on-site response. Henry Ling, Executive Director and General Manager (Asset Management) of Uni-China Group, said the 12 participating exhibitors expected to generate total sales of HK$1 million to HK$1.4 million during the fair. Held concurrently, the Beauty & Wellness Expo brought visitors a wide range of holistic wellness experiences, including fragrance, health and fitness demonstrations. Among the highlights was an aroma-emotion testing experience presented by Xuelei Fragrance Museum from Guangzhou, drawing a continuous stream of visitors throughout the fair. The newly launched "Stay Relax" zone showcased products designed to relieve fatigue and promote relaxation. Alan Ho, Founder and Chairman of Hong Kong wellness brand Vogue Bio, said the brand's expo-exclusive buy-one-get-one-free promotion was well received by visitors. He expected total sales during the five-day fair to exceed HK$1 million, far surpassing his expectations. The Home Delights Expo showcased a range of smart home solutions, trendy household products and sleep technology. Sleep Health Association, exhibiting for the first time, set up a "Go Sleep Exp", where many visitors came to learn about ways to improve sleep quality and related health information. Cyrus Chiu, president of the Association, said the pavilion featured a first-of-its-kind sleeping experiential project in Asia, drew strong visitor traffic through its innovative design and helped enhance public awareness and understanding of sleep health. Trade fairs expand business networks, help mainland enterprises reach new markets The HKTDC is actively assisting quality mainland food products in expanding into overseas markets. This year marks the fourth consecutive year of the Chinese Mainland premium agricultural products "Going Global" exchange and matchmaking event, which facilitates mainland enterprises in leveraging Hong Kong's international business platform to expand into overseas markets. The event was attended by Chan Kwok-ki, Chief Secretary for Administration of the Hong Kong SAR Government, who delivered a keynote address. At the matching session, the Environment and Ecology Bureau of the HKSAR Government signed Memoranda of Understanding (MoU) with representatives from Hunan, Xizang and Shandong to strengthen cooperation between Hong Kong and these three regions. The event recorded intended transactions exceeding HK$1.8 billion, setting new records in both the breadth of industry participation and total intended deal value. Peng Tingjun, Director-General of the Agricultural Trade Promotion Center of the Ministry of Agriculture and Rural Affairs of China, said that more than 100 agricultural enterprises from over 10 Chinese Mainland provinces and regions brought more than 1,000 specialty products to Hong Kong, enabling visitors to experience distinctive agricultural traditions while helping Chinese agriculture reach global markets through Hong Kong. Making its debut at the Food Expo, the Xizang Pavilion achieved encouraging results Nagqu State-owned Capital Investment and Operation and Xizang Baqing Qizhen Industry successfully signed a MoU with a Hong Kong importer, with an estimated annual cooperation value exceeding RMB100 million, aiming to further expand the market for Xizang Naqu cordyceps. Another Chinese Mainland exhibitor, Henan Yunong Youpin Operation Management, following its participation in the Central Asia business delegation led by the Chief Executive in June this year, successfully connected with agricultural research and national investment bodies in Kazakhstan and plans to establish an agricultural industrial park there. Making its debut at the Food Expo this time, Fan Na, Chairperson of the company, stated that the company successfully connect with two wholesalers through the expo, with a target cooperation scale of RMB 10 million. This year, the Korea Pavilion expanded its size by 40%, gathering over 130 exhibitors and become the largest overseas pavilion. During the Food Expo PRO, the HKTDC signed a MoU with the Korea Agro-fisheries & Food Trade Corporation. Kim Kwangseok, Branch Director of the Korea Agro-Fisheries & Food Trade Corporation’s office in Hong Kong, said: “Hong Kong has long been a strategically important market for Korean agri-food products. It is not only our sixth largest export market, but also a crucial springboard for entering the Greater Bay Area and the Chinese Mainland markets. Beyond Hong Kong and the Chinese Mainland, the expo also helps Korean enterprises connect with importers and distributors from Singapore and other Asian markets, making it an important platform for international expansion.” The Food Expo PRO and the Food Expo featured the halal food and beverage label for the third consecutive year. This year, over 130 food suppliers showcased halal food from around the world. Tai Po Chun Hing, a local heritage brand with nearly 60 years of history, has been a regular participant at the Food Expo and joined the Food Expo PRO for the first time this year. At the newly introduced "Meat Zone”, it presented halal-certified beef tendon balls made in Hong Kong. Pius Chan, Executive Director of the company, said “On the first day of the expo, we met over 20 buyers from the Philippines, Thailand, and the Middle East, and expect orders worth between HK$500,000 and HK$1 million. We are also showcasing carbon-neutral beef balls that meet carbon footprint standards, demonstrating our commitment to ESG." SBY Frozen Food Supply, a Singapore-based halal meat manufacturer and distributor with a history of nearly 80 years, also identified Brazilian suppliers of raw beef and chicken products during the Expo. Abdul Halim Hafizuddin, Business Development Manager of the company, estimated the company's annual procurement value could reach between US$3 million and US$5 million. The spotlighted “Food Science and Technology Zone” featured innovative food technologies, including pet food solutions that attracted strong buyer interest. Felix Cheung, Founder and CEO of IXON Food Technology, said: "We received enquiries from more than 200 buyers on the first day of the expo, including buyers from Korea, Kazakhstan, Timor-Leste, Europe and Arab markets. Based on current discussions, the potential business value is estimated at between US$500,000 and US$1.3 million." The Coffee Zone at Food Expo PRO highlighted the growing potential of the coffee market, showcasing coffee products from different origins, accessories and coffee machines. First-time exhibitor Hawaii Coffee Association promote Hawaiian coffee and other specialty products at the expo. Ralph Gaston, Board Member and Secretary of the Association, said they had connected with more than 100 buyers during the expo and expect to conclude business within the next two to three months. A seminar titled " Brewing ASEAN Connections: Coffee Origins, Market Trends and Business Opportunities" was also held. Prof. Simon Wong, Chairman of the Belt and Road International Coffee Alliance, stated at the seminar that the Alliance will connect around 150 Belt and Road markets, further consolidating Hong Kong's role as an international coffee trading hub. Combined with Hong Kong's unique advantage as a "super-connector," the city is well-positioned to become a two-way gateway for the coffee industry. Held concurrently, the Hong Kong International Tea Fair introduced the new "Tea Lifestyle" zone, featuring a variety of innovative tea beverages, tea-inspired products and interactive experiences. Among the exhibitors was local tea brand BASAO, which made its debut at the fair and launched its new mellow black oolong. Katherine Yu, Director of Operations of BASAO, said they conducted around 30 business meetings with buyers mainly from Thailand, Japan and Egypt during the fair. In addition to overseas buyers, the brand is also connected with local enterprises including Cathay Pacific and Yung Kee, as well as potential partners from the digital marketing, content creation and new retail sectors, opening up new cross-industry collaboration opportunities. The Tea Fair also featured the new Chinese Mainland Matcha Pavilion. Chen Haiyan, Manager of the Industry Development Department of Hangzhou Jingshan Tea Development, said the pavilion connected with buyers from Hong Kong, Japan, Southeast Asia, India, Europe, and the United States during the fair. Among them, a Thai company expressed interest in purchasing around 20 tonnes of matcha powder, while buyers from India and Hong Kong indicated interest in procuring 10 and 100 smart matcha machines respectively. The Kenya Pavilion also reported encouraging results. This year, the Tea Board of Kenya led nine companies to exhibit at the fair. David Muriuki, Deputy Director of Trade Advisory of the Board, said the potential business deals made across the companies reached more than US$10 million, with one exhibitor alone connecting with more than 80 prospective business partners. During the fair, the Board also signed a MOU with HKTDC to strengthen market connections and trade promotion cooperation. Hybrid model connects local and overseas business opportunities This year, both the Food Expo PRO and Hong Kong International Tea Fair continued to adopt the hybrid exhibition model "EXHIBITION+" to allow global food and tea buyers to conduct business through both physical exhibitions and online platforms simultaneously. Until 22 August, exhibitors and buyers can still conduct online negotiations through the "Click2Match" intelligent matching platform to explore business opportunities. Chinese medicine international exchange promotes industry development The International Conference of the Modernization of Chinese Medicine & Health Products, funded by the HKSAR Government's Chinese Medicine Development Fund, was themed "Clinical Translation, Regulatory Policies and Global Innovative Pathways of Traditional Medicine". It invited over 30 experts, scholars and industry leaders from 11 countries and regions to jointly discuss international regulations for Chinese medicine and the latest market development trends, promoting international exchange and cooperation in Chinese medicine. This year, the organiser featured interactive games and displays at a “Multi-Facet of Chinese Medicines” public education display at the Food Expo, as well as a "Chinese Medicine Health Public Forum", to promote the advantages of Chinese medicine services and wellness culture, enhancing public awareness and understanding of Chinese medicine. Photo download: https://bit.ly/3UDevP9 Organised by the Hong Kong Trade Development Council (HKTDC), the Food Expo, Home Delights Expo and Beauty & Wellness Expo (three public exhibitions), together with the Food Expo PRO and the Hong Kong International Tea Fair (two trade exhibitions), concluded successfully.The fairs attracted over 520,000 visits, setting a new all-time record. The Fish Marketing Organization and the Vegetable Marketing Organization expanded their exhibition space at this year's Food Expo to promote their new unified brand "Hong Kong Harvest", showcasing to the public the unique appeal of local fisheries and agricultural produce. The Food Expo's Gourmet Zone introduced a new “Dessert and Gelato” theme, featuring Hong Kong's first chewy treats themed market, which was highly popular among visitors. The Chinese Mainland premium agricultural products "Going Global" exchange and matchmaking event was held on 14 August, attracting more than 200 participants, including representatives of the Chinese mainland exhibitors, as well as Hong Kong buyers and distribution channel operators. During the Food Expo PRO, the HKTDC signed a MoU with Korea Agro-fisheries & Food Trade Corporation. Halal food continued to attract market attention, with related products becoming one of the highlights of the exhibitions. The seminar titled "Brewing ASEAN Connections: Coffee Origins, Market Trends and Business Opportunities" invited industry representatives from Laos, Thailand and Vietnam to analyse the development trends of the ASEAN coffee market, opportunities in specialty coffee and the potential for regional cooperation, while exploring business opportunities in the Belt and Road markets. Hong Kong International Tea Fair introduced a new "Tea Lifestyle" zone, showcasing innovative tea beverages and tea culture lifestyle experiences. Beauty & Wellness Expo marked its 10th edition this year, offering holistic health experiences for the mind, body and soul. Mannings provided a health experience zone with a series of free health screenings and professional consultations. Home Delights Expo featured a "Go Sleep Exp" that promoted the importance of quality sleep through interactive displays and professional sharing sessions. Throughout the exhibitions, a series of highly popular and exciting events were held, including "Star Chef Cooking Demonstrations”, "Smart Bidding", and lucky draws. International Conference of the Modernization of Chinese Medicine & Health Products, themed "Clinical Translation, Regulatory Policies and Global Innovative Pathways of Traditional Medicine", invited over 30 experts, scholars and industry leaders from 11 countries and regions to jointly discuss international regulations for Chinese medicine and the latest market development trends. The Food Expo featured a special “Multi-Facet of Chinese Medicines” public education display to promote the advantages of Chinese medicine services and wellness culture, enhancing public awareness and understanding of Chinese medicine. To learn more about the opinions of exhibitors and buyers, please visit: HKTDC Food Expo PRO foodexpopro.hktdc.com Hong Kong International Tea Fair hkteafair.hktdc.com HKTDC Food Expo hkfoodexpo.hktdc.com HKTDC Beauty & Wellness Expo hkbeautyexpo.hktdc.com HKTDC Home Delights Expo homedelights.hktdc.com The International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM) icmcm.hktdc.com August Happy Buy website ecoupon.hktdc.com/food/ HKTDC’s Communications and Public Affairs Department Katy Wong Tel: (852) 2584 4524 Email: [email protected] Winnie Kan Tel: (852) 2584 4055 Email: [email protected] Clayton Lauw Tel: (852) 2584 4472 Email: [email protected] Media Room: http://mediaroom.hktdc.com About HKTDC The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The 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 the Chinese Mainland, 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.
- Food Expo and concurrent fairs attract over 520,000 visits, setting all-time record Strong demand for health and wellness solutionsThe Food Expo, Beauty & Wellness Expo and Home Delights Expo, organised by the Hong Kong Trade Development Council (HKTDC), concluded successfully today. The two trade fairs — Food Expo PRO and Hong Kong International Tea Fair — also closed on 15 August. The five fairs brought together over 1,850 exhibitors from more than 30 countries and regions, attracting over 520,000 public visits in total - a record high. Per capita spending continued to grow, reaching HK$1,685, reflecting the continued vibrancy of the local consumer market and strong public demand for gourmet food, healthy living and quality home products. For trade exhibitions, the Food Expo PRO and Hong Kong International Tea Fair drew some 20,000 buyers from 64 countries and regions. Apart from Hong Kong, buyers came from Chinese Mainland, Macao, Taiwan, Japan, Korea, as well as ASEAN countries, including Indonesia, Cambodia, Thailand, Malaysia and the Philippines, among others, reinforcing Hong Kong's unique advantages as a food trading hub. The International Conference of the Modernization of Chinese Medicine & Health Products, organised by the Modernized Chinese Medicine International Association (MCMIA) together with the HKTDC and ten scientific research institutions, also concluded successfully on 15 August. Over 30 distinguished speakers attended to discuss innovation, research and development in Chinese medicine, and global opportunities. Smilely Lam, Associate Executive Director of the HKTDC, said: "This year's fairs received an enthusiastic response. Attendance recorded solid growth, and per capita spending reached a record high alongside visitor numbers, reflecting the strong market demand for quality food, healthy living and novel experiences. This year's five fairs, themed 'Live Well · Stay Well', gathered a diverse range of food and beverage, wellness and related lifestyle products, services and experiences from around the world, comprehensively showcasing the latest trends in the health and wellness sector, and creating more business opportunities for the industry." Ms Lam added: "We are pleased to see the fairs attracting a broader range of international participation. Exhibitors, buyers and industry representatives concluded multiple cooperation and procurement agreements, underscoring Hong Kong's position as an important trade platform connecting Chinese Mainland and international markets, as well as its role as an international food trade hub. Buyers' purchasing intentions show that market demand continues to grow for health and functional products, convenience foods, specialty foods and premium tea products. Products with sustainable development concepts and international certifications such as Halal certification are also gaining popularity, reflecting the industry's proactive response to consumers' pursuit of healthy living, quality experiences and responsible consumption, injecting growth momentum into the market.” Per capita spending reaches record high of HK$1,685; Health and wellness products in the spotlight During the fairs, the organiser conducted a random sampling survey, interviewing more than 1,430 visitors. The per capita spending continued to grow, reaching HK$1,685, with 87% of respondents indicating that their actual spending was in line with or exceeded their budget, reflecting stable consumer sentiment. The fairs also successfully aligned with the healthy living consumption trend, with over 80% of respondents expressing interest in health and wellness-related products. The product categories of greatest interest to respondents included health and functional foods (62%), health supplements and nutritional products (51%), as well as mental and physical wellness products and healthy lifestyle items (40%). Among the respondents who are aware that the fairs have a halal food and beverage label, more than half of the respondents (53%) believed that halal food and beverage label helps promote halal products, while 51% noted the silver-age products and services showcased at the fairground, reflecting the continued growth potential of these markets. Public fairs draw strong crowds; buoyant spending atmosphere Over five days, The Food Expo, The Beauty & Wellness Expo and The Home Delights Expo offered visitors a diverse range of international food, beauty and wellness products, as well as home living experiences. Five themed days were held throughout the fairs, encouraging visitors to embrace quality living through product showcases, expert sharing and interactive experiences. The fairs also featured a variety of special products and limited-time offers, attracting strong visitor traffic and generating encouraging sales results. The Food Expo's Gourmet Zone featured Hong Kong's first chewy treats themed market, featuring chewy desserts that received an enthusiastic on-site response. Henry Ling, Executive Director and General Manager (Asset Management) of Uni-China Group, said the 12 participating exhibitors expected to generate total sales of HK$1 million to HK$1.4 million during the fair. Held concurrently, the Beauty & Wellness Expo brought visitors a wide range of holistic wellness experiences, including fragrance, health and fitness demonstrations. Among the highlights was an aroma-emotion testing experience presented by Xuelei Fragrance Museum from Guangzhou, drawing a continuous stream of visitors throughout the fair. The newly launched "Stay Relax" zone showcased products designed to relieve fatigue and promote relaxation. Alan Ho, Founder and Chairman of Hong Kong wellness brand Vogue Bio, said the brand's expo-exclusive buy-one-get-one-free promotion was well received by visitors. He expected total sales during the five-day fair to exceed HK$1 million, far surpassing his expectations. The Home Delights Expo showcased a range of smart home solutions, trendy household products and sleep technology. Sleep Health Association, exhibiting for the first time, set up a "Go Sleep Exp", where many visitors came to learn about ways to improve sleep quality and related health information. Cyrus Chiu, president of the Association, said the pavilion featured a first-of-its-kind sleeping experiential project in Asia, drew strong visitor traffic through its innovative design and helped enhance public awareness and understanding of sleep health. Trade fairs expand business networks, help mainland enterprises reach new markets The HKTDC is actively assisting quality mainland food products in expanding into overseas markets. This year marks the fourth consecutive year of the Chinese Mainland premium agricultural products "Going Global" exchange and matchmaking event, which facilitates mainland enterprises in leveraging Hong Kong's international business platform to expand into overseas markets. The event was attended by Chan Kwok-ki, Chief Secretary for Administration of the Hong Kong SAR Government, who delivered a keynote address. At the matching session, the Environment and Ecology Bureau of the HKSAR Government signed Memoranda of Understanding (MoU) with representatives from Hunan, Xizang and Shandong to strengthen cooperation between Hong Kong and these three regions. The event recorded intended transactions exceeding HK$1.8 billion, setting new records in both the breadth of industry participation and total intended deal value. Peng Tingjun, Director-General of the Agricultural Trade Promotion Center of the Ministry of Agriculture and Rural Affairs of China, said that more than 100 agricultural enterprises from over 10 Chinese Mainland provinces and regions brought more than 1,000 specialty products to Hong Kong, enabling visitors to experience distinctive agricultural traditions while helping Chinese agriculture reach global markets through Hong Kong. Making its debut at the Food Expo, the Xizang Pavilion achieved encouraging results Nagqu State-owned Capital Investment and Operation and Xizang Baqing Qizhen Industry successfully signed a MoU with a Hong Kong importer, with an estimated annual cooperation value exceeding RMB100 million, aiming to further expand the market for Xizang Naqu cordyceps. Another Chinese Mainland exhibitor, Henan Yunong Youpin Operation Management, following its participation in the Central Asia business delegation led by the Chief Executive in June this year, successfully connected with agricultural research and national investment bodies in Kazakhstan and plans to establish an agricultural industrial park there. Making its debut at the Food Expo this time, Fan Na, Chairperson of the company, stated that the company successfully connect with two wholesalers through the expo, with a target cooperation scale of RMB 10 million. This year, the Korea Pavilion expanded its size by 40%, gathering over 130 exhibitors and become the largest overseas pavilion. During the Food Expo PRO, the HKTDC signed a MoU with the Korea Agro-fisheries & Food Trade Corporation. Kim Kwangseok, Branch Director of the Korea Agro-Fisheries & Food Trade Corporation’s office in Hong Kong, said: “Hong Kong has long been a strategically important market for Korean agri-food products. It is not only our sixth largest export market, but also a crucial springboard for entering the Greater Bay Area and the Chinese Mainland markets. Beyond Hong Kong and the Chinese Mainland, the expo also helps Korean enterprises connect with importers and distributors from Singapore and other Asian markets, making it an important platform for international expansion.” The Food Expo PRO and the Food Expo featured the halal food and beverage label for the third consecutive year. This year, over 130 food suppliers showcased halal food from around the world. Tai Po Chun Hing, a local heritage brand with nearly 60 years of history, has been a regular participant at the Food Expo and joined the Food Expo PRO for the first time this year. At the newly introduced "Meat Zone”, it presented halal-certified beef tendon balls made in Hong Kong. Pius Chan, Executive Director of the company, said “On the first day of the expo, we met over 20 buyers from the Philippines, Thailand, and the Middle East, and expect orders worth between HK$500,000 and HK$1 million. We are also showcasing carbon-neutral beef balls that meet carbon footprint standards, demonstrating our commitment to ESG." SBY Frozen Food Supply, a Singapore-based halal meat manufacturer and distributor with a history of nearly 80 years, also identified Brazilian suppliers of raw beef and chicken products during the Expo. Abdul Halim Hafizuddin, Business Development Manager of the company, estimated the company's annual procurement value could reach between US$3 million and US$5 million. The spotlighted “Food Science and Technology Zone” featured innovative food technologies, including pet food solutions that attracted strong buyer interest. Felix Cheung, Founder and CEO of IXON Food Technology, said: "We received enquiries from more than 200 buyers on the first day of the expo, including buyers from Korea, Kazakhstan, Timor-Leste, Europe and Arab markets. Based on current discussions, the potential business value is estimated at between US$500,000 and US$1.3 million." The Coffee Zone at Food Expo PRO highlighted the growing potential of the coffee market, showcasing coffee products from different origins, accessories and coffee machines. First-time exhibitor Hawaii Coffee Association promote Hawaiian coffee and other specialty products at the expo. Ralph Gaston, Board Member and Secretary of the Association, said they had connected with more than 100 buyers during the expo and expect to conclude business within the next two to three months. A seminar titled " Brewing ASEAN Connections: Coffee Origins, Market Trends and Business Opportunities" was also held. Prof. Simon Wong, Chairman of the Belt and Road International Coffee Alliance, stated at the seminar that the Alliance will connect around 150 Belt and Road markets, further consolidating Hong Kong's role as an international coffee trading hub. Combined with Hong Kong's unique advantage as a "super-connector," the city is well-positioned to become a two-way gateway for the coffee industry. Held concurrently, the Hong Kong International Tea Fair introduced the new "Tea Lifestyle" zone, featuring a variety of innovative tea beverages, tea-inspired products and interactive experiences. Among the exhibitors was local tea brand BASAO, which made its debut at the fair and launched its new mellow black oolong. Katherine Yu, Director of Operations of BASAO, said they conducted around 30 business meetings with buyers mainly from Thailand, Japan and Egypt during the fair. In addition to overseas buyers, the brand is also connected with local enterprises including Cathay Pacific and Yung Kee, as well as potential partners from the digital marketing, content creation and new retail sectors, opening up new cross-industry collaboration opportunities. The Tea Fair also featured the new Chinese Mainland Matcha Pavilion. Chen Haiyan, Manager of the Industry Development Department of Hangzhou Jingshan Tea Development, said the pavilion connected with buyers from Hong Kong, Japan, Southeast Asia, India, Europe, and the United States during the fair. Among them, a Thai company expressed interest in purchasing around 20 tonnes of matcha powder, while buyers from India and Hong Kong indicated interest in procuring 10 and 100 smart matcha machines respectively. The Kenya Pavilion also reported encouraging results. This year, the Tea Board of Kenya led nine companies to exhibit at the fair. David Muriuki, Deputy Director of Trade Advisory of the Board, said the potential business deals made across the companies reached more than US$10 million, with one exhibitor alone connecting with more than 80 prospective business partners. During the fair, the Board also signed a MOU with HKTDC to strengthen market connections and trade promotion cooperation. Hybrid model connects local and overseas business opportunities This year, both the Food Expo PRO and Hong Kong International Tea Fair continued to adopt the hybrid exhibition model "EXHIBITION+" to allow global food and tea buyers to conduct business through both physical exhibitions and online platforms simultaneously. Until 22 August, exhibitors and buyers can still conduct online negotiations through the "Click2Match" intelligent matching platform to explore business opportunities. Chinese medicine international exchange promotes industry development The International Conference of the Modernization of Chinese Medicine & Health Products, funded by the HKSAR Government's Chinese Medicine Development Fund, was themed "Clinical Translation, Regulatory Policies and Global Innovative Pathways of Traditional Medicine". It invited over 30 experts, scholars and industry leaders from 11 countries and regions to jointly discuss international regulations for Chinese medicine and the latest market development trends, promoting international exchange and cooperation in Chinese medicine. This year, the organiser featured interactive games and displays at a “Multi-Facet of Chinese Medicines” public education display at the Food Expo, as well as a "Chinese Medicine Health Public Forum", to promote the advantages of Chinese medicine services and wellness culture, enhancing public awareness and understanding of Chinese medicine. Photo download: https://bit.ly/3UDevP9 Organised by the Hong Kong Trade Development Council (HKTDC), the Food Expo, Home Delights Expo and Beauty & Wellness Expo (three public exhibitions), together with the Food Expo PRO and the Hong Kong International Tea Fair (two trade exhibitions), concluded successfully.The fairs attracted over 520,000 visits, setting a new all-time record. The Fish Marketing Organization and the Vegetable Marketing Organization expanded their exhibition space at this year's Food Expo to promote their new unified brand "Hong Kong Harvest", showcasing to the public the unique appeal of local fisheries and agricultural produce. The Food Expo's Gourmet Zone introduced a new “Dessert and Gelato” theme, featuring Hong Kong's first chewy treats themed market, which was highly popular among visitors. The Chinese Mainland premium agricultural products "Going Global" exchange and matchmaking event was held on 14 August, attracting more than 200 participants, including representatives of the Chinese mainland exhibitors, as well as Hong Kong buyers and distribution channel operators. During the Food Expo PRO, the HKTDC signed a MoU with Korea Agro-fisheries & Food Trade Corporation. Halal food continued to attract market attention, with related products becoming one of the highlights of the exhibitions. The seminar titled "Brewing ASEAN Connections: Coffee Origins, Market Trends and Business Opportunities" invited industry representatives from Laos, Thailand and Vietnam to analyse the development trends of the ASEAN coffee market, opportunities in specialty coffee and the potential for regional cooperation, while exploring business opportunities in the Belt and Road markets. Hong Kong International Tea Fair introduced a new "Tea Lifestyle" zone, showcasing innovative tea beverages and tea culture lifestyle experiences. Beauty & Wellness Expo marked its 10th edition this year, offering holistic health experiences for the mind, body and soul. Mannings provided a health experience zone with a series of free health screenings and professional consultations. Home Delights Expo featured a "Go Sleep Exp" that promoted the importance of quality sleep through interactive displays and professional sharing sessions. Throughout the exhibitions, a series of highly popular and exciting events were held, including "Star Chef Cooking Demonstrations”, "Smart Bidding", and lucky draws. International Conference of the Modernization of Chinese Medicine & Health Products, themed "Clinical Translation, Regulatory Policies and Global Innovative Pathways of Traditional Medicine", invited over 30 experts, scholars and industry leaders from 11 countries and regions to jointly discuss international regulations for Chinese medicine and the latest market development trends. The Food Expo featured a special “Multi-Facet of Chinese Medicines” public education display to promote the advantages of Chinese medicine services and wellness culture, enhancing public awareness and understanding of Chinese medicine. To learn more about the opinions of exhibitors and buyers, please visit: HKTDC Food Expo PRO foodexpopro.hktdc.com Hong Kong International Tea Fair hkteafair.hktdc.com HKTDC Food Expo hkfoodexpo.hktdc.com HKTDC Beauty & Wellness Expo hkbeautyexpo.hktdc.com HKTDC Home Delights Expo homedelights.hktdc.com The International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM) icmcm.hktdc.com August Happy Buy website ecoupon.hktdc.com/food/ HKTDC’s Communications and Public Affairs Department Katy Wong Tel: (852) 2584 4524 Email: [email protected] Winnie Kan Tel: (852) 2584 4055 Email: [email protected] Clayton Lauw Tel: (852) 2584 4472 Email: [email protected] Media Room: http://mediaroom.hktdc.com About HKTDC The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The 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 the Chinese Mainland, 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.
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