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Trintech Announces New Chief Human Resources Officer

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DALLAS, TX, Apr 20, 2022 - (ACN Newswire) - Trintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced the appointment of Monna Nevils as Chief Human Resources Officer (CHRO) of Trintech. With a focus on employees, Nevils will help Trintech continue to build an engaged, inclusive, and high-performing culture. She will lead all aspects of human resources, including talent acquisition, learning and development, organizational development and effectiveness, compensation and benefits, diversity and inclusion programs, and benefit systems.

"Businesses don't create value; people do. Our employees are the heart of our business which is why I am thrilled to welcome Monna as our new CHRO focused on continuing to provide our employees with a great place to work and ways to grow and develop their careers," said Teresa Mackintosh, Chief Executive Officer of Trintech. "Monna's strong track record and rich experience in talent development and change management across teams will help us to ensure we continue to build an agile culture of inclusivity and personal growth for all, while attracting the talent to meet the evolving needs of our customers in this digital world."

Nevils joins the Trintech team with more than 20 years of experience holding global HR leadership roles spanning industries such as technology, real-estate, banking, and healthcare. She is a creative and innovative global human resources executive with experience in aligning the people function to the overall business strategy, developing and executing plans that amplify an inclusive, collaborative culture. Her broad experience includes M&A, change management, talent acquisition, succession planning, learning and development, performance management and total rewards. Prior to joining Trintech, Nevils was the VP, HR - Americas; Global HRBP, Product Marketing for Datalogic. She also served as the Chief Human Resources Officer for Behavioral Health Group (BHG). Nevils earned her MBA from the University of Houston and undergraduate degree in business from Lamar University. She is also a certified trainer and coach and has her Senior Professional in Human Resources (SPHR) certification.

"I am very excited to be joining Trintech as the new CHRO to continue building upon the strong foundation of practices Trintech already has in place today," said Monna Nevils, Chief Human Resources Officer of Trintech. "It is evident to me that Trintech prioritizes a customer and people-centric culture and passion for innovation, and I look forward to partnering with the team to develop a progressive and aligned global HR strategy to support an environment where talent and culture continue to be a foundational and driving factor in the success of Trintech."

Trintech has most recently been named a Dallas/Fort Worth "Best and Brightest Companies to Work For(R)" 2022 Elite Award Winner by the National Association for Business Resources. Interested in joining our team? Check out our open positions here. https://www.trintech.com/careers/

About Trintech

Trintech Inc., a leading global provider of cloud-based financial close solutions for the Office of Finance, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure and fiduciary reporting and bank fee analysis, to governance, risk and compliance - Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide - including the majority of the Fortune 100 - rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kelli Shoevlin
Sr. Manager, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comTrintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced the appointment of Monna Nevils as Chief Human Resources Officer (CHRO) of Trintech.

Avance Clinical Finalist for Informa Pharma Intelligence Awards 2022 – Best Contract Research Organization in APAC

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ADELAIDE, AUS, Apr 19, 2022 - (ACN Newswire) - Avance Clinical, the largest premium Australian Contract Research Organisation (CRO) for international biotechs, has been selected as a finalist for the Best Contract Research Organization in APAC by Informa Pharma Intelligence.

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Avance Clinical has undergone significant expansion in recent years, including new offices in Sydney and Melbourne to accommodate the growing clinical team in Australia.

The award winner will be announced on 1 September 2022. The finalists are:
- Avance Clinical
- Calyx
- CMIC Group
- EPS
- ICON
- Parexel
- Syneos Health

Avance Clinical's CEO Yvonne Lungershausen said:

"Avance Clinical is extremely pleased to be selected as a finalist for this prestigious award. It is a credit to our amazing customer-focused team for delivering the CRO excellence that has been recognized by the Informa Pharma Intelligence award judges.

"Avance Clinical has a global reputation for agile clinical solutions to support accelerated clinical development for our international biotech clients. We are very proud of our growth and success in APAC in recent years."

According to Informa Pharma Intelligence:

This Award is to recognize CROs that provide full or specialist services to their clients and which have an office in either in Japan or the Asia region including Australia.

Judging considers the quality of services and relationships built with clients and pays particular attention to the innovative patient recruitment strategies the CRO has brought to the table.

The award is based on achievements in the 2021 calendar year.

Core areas judged include:
- The particular capabilities and strengths the CRO offers
- How the company has delivered results that exceed sponsor expectations
- Innovations in patient recruitment strategy has the CRO brought to its partner
- How it has improved its performance, for example, in its quality of data, timelines and transparency
- The steps the company is taking towards streamlining data collection and reporting

To find out more please visit: https://pharmaintelligence.informa.com/events/awards/japan-awards-2022/shortlist-2022

Avance Clinical recently secured a significant investment from global private equity firm, The Riverside Company (Riverside), to support further regional and global expansion. The investment values the company in excess of $200m.

"With the support of Riverside and its powerful global footprint and deep healthcare experience, Avance Clinical will execute on its regional and international expansion plans organically and via acquisitions," said Lungershausen.

Avance Clinical is the Australian-owned CRO that provides global regulatory standard clinical research services across all phases to the local and international biopharma industry.

The company is also accredited as a gene technology CRO under the Office of the Gene Technology Regulator (OGTR) which has allowed it to expand into clinical trials for vaccines and GMO therapies.

"We have shown, with our high growth and industry-leading repeat business rates that our focus on gold standard technology paired with solution-orientated clinical experts is the mix our biopharma clients require in this fast-moving, competitive and high-stakes sector," said Lungershausen.

Avance Clinical has been recognised for the past two consecutive years with the prestigious Frost & Sullivan CRO Best Practices Award.

Find out more:
- Learn about the Australian Advantage here https://www.avancecro.com/the-australian-advantage/
- Read more about Avance Clinical's cell and gene therapy capabilities here www.avancecro.com/avance-clinical-featured-in-endpoints-news-on-cell-gene-therapy-capabilities/
- For more information about the benefits of running your next study with Avance Clinical contact us: enquiries@avancecro.com

About Avance Clinical

Avance Clinical is the largest premium full-service Australian CRO delivering quality clinical trials, with globally accepted data, in Australia and New Zealand for international biotechs. The company's clients are biotechs in their early phases of drug development that need fast, agile, and adaptive solution-oriented clinical research services.

Frost & Sullivan Awards
Avance Clinical, a Frost & Sullivan Asia-Pacific CRO Market Leadership Award recipient for the past two years, has been providing CRO services in the region for 24 years.

Pre-clinical through to Phase 1 and 2
Avance Clinical offers pre-clinical services with their experienced ClinicReady team right through to Phase 1 and 2 clinical services leveraging significant Government incentive rebates of up to 43.5% and rapid start-up regulatory processes.

With experience across more than 105 indications, the CRO can deliver world-class results and high-quality internationally accepted data for FDA and EMA review.

Technology
Avance Clinical uses state-of-the-art technology and gold standard systems across all functional areas to provide clients with the most effective processes. Medidata, Oracle, and Medrio are just some of the technology partners.

Media Contacts:
Avance Clinical
Chris Thompson
media@avancecro.com

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAvance Clinical, the largest premium Australian Contract Research Organisation (CRO) for international biotechs, has been selected as a finalist for the Best Contract Research Organization in APAC by Informa Pharma Intelligence.

Top Data and Analytics Players from ASEAN to Assemble for the 3rd Global Edition of World Data & Analytics Show

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Singapore, Apr 13, 2022 - (ACN Newswire) - The 3rd global edition of World Data & Analytics Show, with a special focus on the ASEAN market, is all set to take place virtually on 19 April 2022. The event will gather top experts from ASEAN region where they will shed insights on analytics to improve an organization's operational performance, boost consumer engagement, and simplify supply chains.

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Notable speakers include Celine Le Cotonnec, Vincent Toh, Hartnell Ndungi, Juan Intan Kanggrawan, Benedict Benoit, Bhaskar Vetrimani, Dr. Shidan C Murphy, Sam Majid, Bhaskar Vetrimani, Meenakshi Nissim Ghoge, Balaji Jayaraman, Martijn Wieriks, Ram Kumar & more. These experts will present eye-opening keynotes, government and enterprise use-case presentations, exciting product showcases, take part in panel discussions and tech talks to discuss the latest challenges and explore data-powered solutions.

Businesses in the ASEAN region are embracing data analytics to help them grow post-Covid-19. The diversified economic environment of the region adds further difficulties to decision-making. Data analytics has been shown to be an efficient method for identifying the aspects that produce value for regional businesses. This digital revolution aids in the improvement of efficiency and business operations.

ASEAN companies are facing unique challenges in optimizing their business processes while balancing privacy and compliance. However, the use of data analytics allows companies to foresee trends, improve operations, and streamline operations. By increasing efficiency and productivity, data analytics can help ASEAN companies become more competitive globally.

"According to our research, more than 90 percent of APAC business executives believe that data analytics is important for their organizations to remain performant, but less than 19 percent of enterprises across the region have achieved maturity in analytics. At Alteryx, we are committed to empowering everyone and anyone to make data-driven decision and advancing organizations' capability in analytics. Join us at our session in this year's World Data and Analytics Show 2022, to uncover how your organization can transform from being data-rich to data-driven," stated Suganthi Shivkumar, VP of Asia, Alteryx.

"Dataiku will show you how extraordinary AI for everyday purpose is brought to life in this edition of the World Data and Analytics Show 2022. As a lead sponsor, we await the opportunity to connect with attendees and discuss how to realize their AI strategy at scale and speed; no matter the stage of AI or analytics maturity. Meet us at our booth to find out more on how Data Science meets Everyday Use!," said Jiunn Hao; Director, APAC Partnerships, Dataiku.

Among the early adopters of future tech, groundbreaking experts taking the center stage include:
- Celine Le Cotonnec, Chief Data Innovation Officer, Bank of Singapore
- Vincent Toh, Snr Manager, Sales Engineering, Alteryx ASIA, Singapore
- Benedict Benoit, Area Vice President, Collibra, Australia
- Bhaskar Vetrimani, Head of Sales & Business Development, APAC, Lingaro
- Hartnell Ndungi, Chief Data Officer, Absa Bank Kenya PLC, Kenya
- Grant Case; Director of Sales Engineering, Dataiku, Australia
- Juan Intan Kanggrawan, Head of Data Analytics and Digital Products, Jakarta Smart City, Indonesia
- Ankit Singi, Data Science Implementation Manager, Dataiku, Singapore
- Sam Majid, CTIO, MCMC Malaysia
- Benedict Benoit, Area Vice President, APAC, Collibra, Australia
- Srinivasan Sankar, Enterprise Data and Analytics Leader, The Hanover Insurance Group, United States
- Igor Rotin, Chief Data Scientist, Liebherr Aerospace and Transportation, Germany
- Meenakshi Nissim Ghoge, Director - Data & Analytics, Mondelēz International, Singapore
- Katrina Briedis, Sr. Product Marketing Manager, APAC Denodo
- Balaji Jayaraman, Senior Vice President- Head of Data and Analytics (APAC), Citi Bank, Singapore
- Martijn Wieriks, Chief Data Officer, JULO, Indonesia
- Dr. Shidan C Murphy, Director of Data Analytics, Altair, APAC
- Bhaskar Vetrimani, Head, Sales and Business Development, Lingaro APAC
- Ram Kumar, Chief Data & Analytics Officer, Cigna, Singapore; to name a few.

"Businesses are facing increasing expectation to utilize data analytics to drive decision-making, improve service levels and generate new revenue streams. However, ASEAN businesses need to overcome limitations in data (data literacy and digital literacy), policy and capability to fully utilize the potential of data analytics," stated Mithun Shetty, CEO, Trescon.

The event will be hosted on the virtual events platform Vmeets to help participants network and conduct business in an interactive and immersive virtual environment. Participants can also engage with the speakers during Q&A sessions and network with solution providers/sponsors at their virtual exhibition booths, private consultation rooms and meeting tables.

World Data & Analytics Show - ASEAN is officially sponsored by:
- Headline Sponsor - Alteryx
- Lead Sponsor - Dataiku | TechData
- Platinum Sponsor - Collibra
- Gold Sponsors - Denodo & Lingaro
- Silver Sponsors - Altair & Cloudera
- Bronze Sponsor - Snowflake & EnterpriseDB

About World Data & Analytics Show

World Data & Analytics Show is a thought leadership-driven, business-focused, global series of events that takes place in strategic locations across the world.

As part of the world tour, this ASEAN edition is virtually gathering pre-qualified C-Suite IT Leaders, Business Analysts, Data Analytics Heads, Heads of Business Intelligence, Industry Practitioners, IT Decision Makers and Experts in Data & Analytics among others from cross industry verticals across ASEAN region.

The show would feature exciting keynotes, government and enterprise use-case presentations, product showcases, panel discussions and tech talks to discuss the latest challenges and explore the latest applications in data powered solutions.

About Trescon

Trescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base that includes corporations, governments, and individuals. Trescon specializes in producing highly focused B2B events that connect businesses with opportunities through conferences, road shows, expos, demand generation, investor connect and consulting services.

For further details, please contact:
Jagriti Jaiswal
Corporate Communications,
Trescon | marketing@tresconglobal.com

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe 3rd global edition of World Data & Analytics Show, with a special focus on the ASEAN market, is all set to take place virtually on 19 April 2022.
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ARMA International Forms Global Partnership With The Records and Information Management Professionals Australasia

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LEE'S SUMMIT, MO and BURLEIGH HEADS, AU, Apr 8, 2022 - (ACN Newswire) - ARMA International (www.arma.org), the world's leading membership organization serving professionals who manage and govern information assets and the Records and Information Management Professionals Australasia (RIMPA) (www.rimpa.com.au/), the longest serving peak body for industry practitioners in the southern hemisphere announced today a Global Partnership to better serve the information management profession worldwide.

The global partnership between these two leading worldwide organizations will provide many benefits to their collective 7,000 members who will now have the opportunity for joint membership in both organizations; access to reciprocal resources including communities and professional development, education and certifications; and advocacy for the information management and information governance profession. Together the two organizations will work together to provide a unique perspective on global information issues.

"Increasing the influence of the organization in the information management profession globally is a key strategic goal put forth by the ARMA Board of Directors. A partnership between ARMA and RIMPA is an amazing opportunity to create a global alliance for the industry and increase the opportunities for all of our members worldwide," added Michael Haley, President, Board of Directors, ARMA.

"Information management and recordkeeping is a global challenge to do well. For the benefit of world citizens, I see the ARMA and RIMPA alliance as a very important step in meeting this challenge through the exchange of information, sharing resources and good will and I am very proud to part of this exciting journey that we are about to embark on," said Thomas Kaufhold, Chair of Board, RIMPA.

The two organizations have already begun collaborating. Nathan Hughes, Executive Director of ARMA and Wendy McLain, President-Elect of ARMA will be attending the RIMPA Live 2022 Convention, June 14-17 in Canberra, Australia, and participate in meetings with the RIMPA Board. Anne Cornish, Chief Executive Officer of RIMPA and Thomas Kaufhold, Chair of the Board of RIMPA will be attending ARMA's InfoCon 2022, October 16-19, in Nashville, TN, and participate in meetings with the ARMA Board.

"The partnership of ARMA and RIMPA brings with it the opportunity to integrate two of the largest information management communities to continue to increase awareness for the industry. The possibilities expand exponentially when like-minded organizations work globally for their membership and foster an environment of growth," said Nathan Hughes, Executive Director, ARMA.

"A RIMPA and ARMA alliance provide both member groups with the opportunity to broaden their knowledge and extend networking opportunities. Working together on global issues and increasing access to professional development opportunities and resources is a positive sign of how society can operate effectively in separate hemispheres," added Anne Cornish, Chief Executive Officer, RIMPA.

About ARMA International

ARMA International (www.arma.org), formed in 1955, is the world's leading membership organization serving almost 5,000 professionals who manage and govern information in 52 countries. Members represent the community of records management, information management, and information governance professionals who harness the benefits and reduce the risks of information. ARMA provides information professionals with the resources, tools, and training they need to effectively manage records and information within an established information governance framework. Works that are associated with the framework include the Principles, the Information Governance Maturity Model and the Information Governance Body of Knowledge (IGBOK). ARMA recognizes professionals who have mastered these concepts through the Information Governance Professional (IGP) Certification.

About The Records and Information Management Professionals Australasia

The Records and Information Management Professionals Australasia (RIMPA) (www.rimpa.com.au/) established in 1969, represents over 2,000 professionals and organizations in the private sector, Commonwealth, Federal, State and Local Governments. RIMPA has active Branches and Chapters operating in all states and territories across Australia and New Zealand. RIMPA is the longest serving peak body for industry practitioners in the southern hemisphere and actively promotes best practice, sets industry standards and fosters professional development across all business sectors and educational institutions. Through its international partnerships with other peak bodies, RIMPA provides its members with access to an accomplished framework of professional associations. RIMPA has strategic alliances with the Information Governance ANZ, Institute of Managers and Leaders (IML), Australian Library and Information Association (ALIA), Australian Society of Archivist (ASA) and Leadership Through Data.

For further information, contact:
Amy Riemer, Media Relations Representative
978-475-4441 (office) or 978-502-4895 (cell)
amy@riemercommunications.com

SOURCE: ARMA International

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comARMA International (www.arma.org), the world's leading membership organization serving professionals who manage and govern information assets and the Records and Information Management Professionals Australasia (RIMPA) (www.rimpa.com.au/), the longest serving peak body for industry practitioners in the southern hemisphere announced today a Global Partnership to better serve the information management profession worldwide.

Tech Pioneers Gather at World Cyber Security Summit – ASEAN

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Singapore, Apr 4, 2022 - (ACN Newswire) - Taking place virtually on 12 April 2022, the 12th global edition of World Cyber Security Summit - ASEAN will focus on topics such as:

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- Government's Approach to Cyber Security: Safe National Cyber Space;
- Cyber Security and Data Protection for Banking and Financial Institutions;
- HMI/SCADA Dangers and Cyber Security Strategies;
- Automated Hacking, Deepfakes and Other Cyber Threats of 2022;
- Real-Life Use Cases on How to Combat Cyber-Attacks, and much more.

The core objective of the event is to incorporate cyber security in ASEAN enterprises to protect the fastest growing digital economies in ASEAN member countries in the next 10 years. The cyber security plan by ASEAN Member States is crucial to ensuring the integrity of their digital economies. With the implementation of cyber security measures, the digital economy in ASEAN member countries will be able to grow further.

Rising cyber threats and a lack of cyber security leadership are the biggest challenges facing the development of digital economies in ASEAN. With digital economies rapidly growing in ASEAN, the need for cyber security leaders who can implement the best cyber security practices across the region is more pressing than ever.

The surge is causing governments to support sectors such as Telecommunications, Finance, E-commerce, BFSI, Healthcare, Retail, FMCG, Logistics and many more at the World Cyber Security Summit - ASEAN, which will help boost demand for enterprise cyber security products, services, and consumer software in the country.

What next for the continent?

Enterprises and governments are stepping up strengthening internet infrastructure and improving the solutions and assistance provided by the software industry in order to protect their citizens from future cyber-attacks.

Apart from that, factors such as the need for unified cyber solutions, increased internet subscriptions, data disclosure mandates, enhanced enterprise mobility, and increased spending patterns on security forums are fueling the nation's demand for cyber security solutions.

"The economic well-being of ASEAN nations is becoming increasingly dependent on the digital realm. Governments can protect their economies and citizens by implementing appropriate digital security protocols," stated Mithun Shetty, CEO, Trescon.

World Cyber Security Summit - ASEAN will feature a ground-breaking collaboration of experts such as:
- Dato' Dr Haji Amirudin bin Abdul Wahab; CEO, CyberSecurity Malaysia
- Zane Lim; Sales Director APAC, Cymulate
- Colonel Sazali Sukardi; Senior Vice president, Strategic Research Division, Cybersecurity Malaysia
- Leonardo Hutabarat; Enterprise Sales Engineering Manager, APAC LogRhythm Singapore
- Harish Sekar; Senior Technical Evangelist, ManageEngine
- Muhamad Erza Aminanto; Lead Cyber & Data Scientist, Jakarta Smart City
- Francel Margareth Taborlupa; Battalion Commander, Philippine Army
- Dr. Soontorn Sirapaisan; Cyber and information lead/Security researcher, NECTEC
- Col Joey T Fontiveros SC; Commanding Officer, Cyber Battalion, ASR, Philippine Army
- Yaron Slutzky; Chief Security Officer, Agoda
- Maria Carmela Migrino; CISO, Meralco
- Frankie Shuai Director; Cyber & Technology Risk, UBS
- Virag Thakkar; APAC Information Security Officer, Allianz Partners
- Krishna Kasi; Vice President, Business and IT audit, BNP Paribas Australia to name a few.

The summit will be hosted on the virtual events platform Vmeets to help participants network and conduct business in an interactive and immersive virtual environment. Participants can also engage with speakers in Q&A sessions and network with solution providers in virtual exhibition booths, private consultation rooms and private networking rooms.

The World Cyber Security Summit - ASEAN is officially sponsored by:
- Platinum Sponsor - Delinea, VMware.
- Gold Sponsor - Netskope, LogRhythm, Cymulate, & Sophos.
- Silver Sponsor - ManageEngine.
- Supported by Cybersecurity Malaysia.

About World Cyber Security Summit

World Cyber Security Summit is a thought-leadership-driven, business-focused initiative that provides a platform for CISOs who are looking to explore new-age threats and the technologies/strategies to mitigate them.

About Trescon

Trescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base that includes corporations, governments and individuals. Trescon is specialized in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, expos, demand generation, investor connect, and consulting services.

To register visit - World Cyber Security Summit - ASEAN (bit.ly/36Wjt0Z).

For further details, please contact:
Jagriti Jaiswal,
Marketing Lead; Trescon
media@tresconglobal.com

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comTech pioneers gather at #WCSSASEAN to combat the growing cyber threats & protect ASEAN's fastest-growing digital economies.

Dynasty Fine Wines 2021 Revenue Rises Notably by 28% to HKD306 Million Due to Successful “5+4+N” Product Strategy

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HONG KONG, Mar 29, 2022 - (ACN Newswire) - Dynasty Fine Wines Group Limited ("Dynasty" or "the Group") (Stock Code: 828), a premier grape winemaker in China, today announced its audited annual results for the year ended 31 December 2021. Revenue in 2021 increased by 28% year-on-year to HK$306 million. Gross profit rose by 103% year-on-year to HK$121.9 million. Gross profit margin increased significantly from 25% in 2020 to 40% in 2021. Profit attributable to owners of the Company was HK$32.8 million in 2021, a decrease when compared with HK$116.4 million in 2020. The decline was due to a net gain (after tax) of HK$183.7 million from a disposal, which was a one-off transaction, recorded in 2020. If the net gain of the one-off disposal in 2020 was excluded, profit attributable to owners of the Company would have increased significantly in 2021 versus the preceding year.

In 2021, the revenue of wine products grew, mainly due to a marked increase in sales volume of products, especially middle to high-end wine products, after optimization of the Group's product mix, as well as the increase in market price of certain upgraded and custom-made products during the year. In the second half of 2021, the occurrences of flooding and heavy rain and sporadic COVID-19 cases in certain regions of China adversely affected consumer sentiment. Consequently, the Group's revenue growth for the full 2021 financial year slowed relative to the first half year.

The total number of bottles of wine sold in 2021 was approximately 11.9 million, an increase of 20% as compared with 9.9 million bottles in 2020. Red wines continued to be the Group's primary revenue contributor, accounting for approximately 51% of the Group's revenue for the year (2020: 65%). White wine sales became the growth driver of the Group, which surged by approximately 60% year-on-year and accounted for 40% of the Group' revenue. In 2021, the gross margin of red wine products and white wine products were 37% and 47%, respectively (2020: 24% and 31%, respectively).

The Group produced a wide range of more than 100 wine products under the "Dynasty" brand. This has enabled it to meet the demands and preferences of different consumer groups, mainly in the mass segment of the Chinese wine market. During the year, the Group launched a new premium product, Dynasty Chinese Zodiac Commemorative Dry Red Wine, for the Xin Chou Year of the Ox, integrating high quality with the Chinese zodiac culture. The Group also unveiled two new product series, namely "Sweet Heart" and "Pleasant Color", for the entry-level product segment. The product series are targeted at young consumers and will open a new chapter as part of the Group's product rejuvenation strategy.

The Group also sold foreign branded wines during the year. Imported mainly from France, Italy, Australia, Chile and the United States, the wines enter the Chinese market through the Group's existing distribution network. Having streamlined its portfolio, the Group currently sells about 50 imported grape wine products under approximately 10 brands.

During the year, the Group strengthened cooperation with distributors to operate online stores on such e-commerce platforms as JD.com, Tmall and Pinduoduo. Moreover, innovations were achieved across its brands and product categories, as well as business systems, procedures and models via new retail platforms including Weibo, RED (Xiaohongshu app), Kuai (Kuaishou app) and TikTok (Douyin app). The Group also established an e-commerce team and actively cultivated e-commerce live broadcasting talent to further expand its sales channels and build up a new customer base.

In October 2021, Dynasty held a grand opening ceremony in the new premises of its National-level Technology Center. The work station in the Center has commenced research for the first time on the selection of distinctive muscat yeast in order to create more mellow and enjoyable wines. Also, Dynasty Technology Center established a winemaking and wine tasting studio during the year.

In 2021, Dynasty continued to implement its market demand-oriented "5+4+N" product strategy, and completed the enhancement of the Group's organization structure. In the Group's strategy, "5" represents the five key series of products, comprising air dry series, seven-year reserve series, merlot series, classic series and best-selling series, and represents the goal of having full coverage of all mainstream price segments; "4" refers to the four advantageous categories, i.e. dry red wines, dry white wines, brandy and sparkling wines, and the aim of increasing the Group's vertical market share; and "N" stands for the development of "N" kinds of customized products to meet the diversified needs of Chinese consumers. In 2021, the Group achieved remarkable results from the adjustment of its products, sales channels and marketing campaigns.

With respect to its large-scale marketing campaign, the Group forged ahead with various endeavors, including showcasing products in 20,000 shops, hosting 1,000 wine tasting events and organizing 100 plant visits, so as to continue developing its point-of-sale network.

In the coming three years, the Group will strive to deploy 100,000 points of sale, add 1,000 distributors, and vigorously develop new channels via retail platforms. This will enable the Group to seize opportunities from the growing consumption market driven by young adults, and achieve the annual sales target of over RMB1 billion.

Mr. Wan Shoupeng, Chairman of Dynasty, said, "The Group is pleased that the "5+4+N" strategy has been effective in boosting product sales in 2021, which in turn has facilitated overall revenue growth. In the future, the Group will increase its investment in brand development in order to fully vitalize its brands as well as drive development of its major products. The latter will involve steadily enhancing quality and controlling prices to boost sales volume, with the aim of bringing Dynasty's superior wines to more consumers in China. Furthermore, in line with the industry development trend, Dynasty will strengthen its presence in the mass-market and mid-range product segments as well as target young consumers. In spite of the possible impact brought by sporadic COVID-19 cases in China, the Group is confident that its annual revenue will maintain a steady growth trend in 2022."


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comDynasty Fine Wines Group Limited ("Dynasty" or "the Group") (Stock Code: 828), a premier grape winemaker in China, today announced its audited annual results for the year ended 31 December 2021. Revenue in 2021 increased by 28% year-on-year to HK$306 million.

Week Ahead – An encouraging recovery

Are investors correct to be optimistic? Investors appear remarkably calm at the moment given the level of uncertainty we’re facing this year, from inflation to interest rates and even Covid, when you consider China is still embracing lockdowns. Throw soaring commodity prices into the mix and there’s plenty of reason to be pessimistic. But when […]

Australian Regulators Sue Facebook Over Crypto Scam Ads

The Australian Competition & Consumer Commission (ACCC) is suing Meta – previously known as Facebook – over a series of crypto scam advertisements that used the likenesses or images of famous individuals to allegedly promote certain products and suck traders in. Australia Files Suit Against Facebook One of the ads featured Australian public figures like...

The post Australian Regulators Sue Facebook Over Crypto Scam Ads appeared first on Live Bitcoin News.

Australian Regulators Sue Facebook Over Crypto Scam Ads

The Australian Competition & Consumer Commission (ACCC) is suing Meta – previously known as Facebook – over a series of crypto scam advertisements that used the likenesses or images of famous individuals to allegedly promote certain products and suck traders in. Australia Files Suit Against Facebook One of the ads featured Australian public figures like...

The post Australian Regulators Sue Facebook Over Crypto Scam Ads appeared first on Live Bitcoin News.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

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