Technology

TERAGO Reports Second Quarter 2024 Financial Results

Published

2 years ago

August 7, 2024

Four straight quarters of improved financials

TERAGO Retains and renews mmWave Spectrum Licences, Removing Uncertainty

TORONTO, Aug. 7, 2024 /CNW/ – TERAGO Inc. (“TERAGO” or the “Company”) (TSX: TGO) (https://terago.ca/), today reported financial and operating results for the second quarter ended June 30, 2024.

“Revenue, ARPU and Gross Margin continue to increase combined with optimized operating expenses driving Adjusted EBITDA growth over my first four quarters as CEO. Our smart growth strategy includes a disciplined approach to capital expenditure, substantially improving profitability. The improvements during these four quarters compared to the prior four quarters have resulted in:

Increased cumulative Adjusted EBITDA1 by $706K;Cumulative positive cashflow generated from operations1 of $4.2M; andDecreased use of debt facility by $7.6M.

In addition to the strong financials reported, ISED’s announcement in May 2024 ensures TERAGO retains and renews its mmWave spectrum licences”, said Daniel Vucinic, CEO of TERAGO. “This Decision provides certainty and clarity on our licences allowing TERAGO to continue to drive competition, innovation and increased investments in its next generation wireless connectivity offerings for Canadian businesses.

Our comprehensive strategy is enhancing value for our clients, employees and shareholders, delivering exceptional results. As we move forward, our primary focus will be on accelerating revenue growth as Canadian businesses demand an alternative managed service provider who focuses on customer experience, carrier diversity and being agile and nimble. TERAGO’s revived narrative is getting positive reception from the investor community as the business progresses.”

Financial Highlights and Key Developments

(in thousands of dollars, except with respect to gross profit margin1, loss per share, backlog MRR1, and ARPU1)

Total revenue increased by 0.9% to $6,577 for the three months ended June 30, 2024 compared to $6,516 in the same quarter in the prior year period. For the six months ended June 30, 2024, total revenue marginally increased by 0.2% to $13,049 compared to $13,025 in the same period in the prior year. The increase in revenue in both periods is the result of higher bookings1 and lower churn1 in the current year period.Adjusted EBITDA1 for the three months ended June 30, 2024 increased by 88.2% to $941 as compared to an Adjusted EBITDA1 of $500 for the comparative period in 2023. Adjusted EBITDA1 for the six months ended June 30, 2024 increased by 41% to $1,871 as compared to $1,327 for the comparative period in 2023. The increase is a result of higher revenues combined with overall lower operating expenses in the current period compared to same periods in the prior year.Net loss for the three months ended June 30, 2024 was $3,212 compared to a loss of $3,988 in the same period in 2023. The decreased net loss position is the result of lower salaries and other operating expenses, partially offset by higher long-term debt interest costs due to additional drawdowns in the prior and current year period. For the six months ended June 30, 2024, net loss was $6,759 compared to a loss of $6,537 in the same period in 2023 resulting from higher long-term debt interest costs.ARPU1 for the connectivity business for the three and six months increased by 8.7% to $1,200 and by 6.8% to $1,179, respectively, compared to $1,104 and $1,104, respectively, for the same periods in 2023. The improvement in ARPU1 is a result of changes in customer base and product mix and a new pricing strategy implemented in the last quarter of the prior year.

_____________________________

(1) See ” Non-IFRS Measures”

Churn1 for the connectivity business for the three ended June 30, 2024 decreased to 1.0% compared to 1.2% for the same period in 2023. Churn1 for the connectivity business for the six months ended June 30, 2024 decreased to 0.9% compared to 1.2% for the same period in 2023. The decrease in customer churn1 was due to the continued execution of the Company’s value creation strategy to focus on mid-market and large-scale customers, as well as implementing new strategies for customer renewals and retention.Backlog MRR1 in the connectivity business decreased year over year to $46,584 as of June 30, 2024, compared to $85,471 for the same period in 2023. The decrease in backlog MRR1 was due to a combination of onboarding of new customers with faster installations and the Company’s focus on profitable revenue generation.

Conference Call

Management will host a conference call on Thursday, August 8, 2024, at 10:00 AM ET to discuss these results.

To access the conference call, please dial 877-545-0523 or 973-528-0016 and use conference ID 405002 if applicable. Please call the conference telephone number 15 minutes prior to the start time so that you are in the queue for an operator to assist in registering and patching you through. An archived recording of the conference call will be available through Thursday, August 22, 2024. To listen to the recording, call 877-481-4010 or 919-882-2331 and enter passcode 50983# if applicable.

RESULTS OF OPERATIONS

Comparison of the three and six months ended June 30, 2024 and 2023

(in thousands of dollars, except with respect to gross profit margin1, loss per share1, backlog MRR1, churn1 and ARPU1)

(unaudited)

Three months ended June 30

Six months ended June 30

2024

2023

2024

2023

Financial

Total Revenue

6,577

6,516

13,049

13,025

Cost of Services1

1,776

1,822

3,527

3,353

Gross Profit Margin1

73.0 %

72.0 %

73.0 %

74.3 %

Salaries and Related Costs1

2,574

2,761

5,243

5,620

Other Operating Expenses1

1,286

1,433

2,408

2,725

Adjusted EBITDA 1

941

500

1,871

1,327

Net Loss

(3,212)

(3,988)

(6,759)

(6,537)

Basic & diluted loss per share

(0.16)

(0.20)

(0.34)

(0.33)

Operating

Backlog MRR1

Connectivity

46,584

85,471

46,584

85,471

Churn Rate1

Connectivity

1.0 %

1.2 %

0.9 %

1.2 %

ARPU1

Connectivity

1,200

1,104

1,179

1,104

(1)Non-IFRS Measures

This press release contains references to “Cost of Services”, “Gross Profit Margin”, Salaries and Related Costs”, “Other Operating Expenses”, “Adjusted EBITDA”, “Backlog MRR”, “Churn” and “ARPU” which are not measures prescribed by International Financial Reporting Standards (IFRS).

Cost of Services consists of expenses related to delivering service to customers and servicing the operations of our networks. These expenses include costs for the lease of intercity facilities to connect our cities, internet transit and peering costs paid to other carriers, network real estate lease expense, spectrum lease expenses and lease and utility expenses for the data centres and salaries and related costs of staff directly associated with the cost of services.

_____________________________

(1) See ” Non-IFRS Measures”

Gross Profit Margin % consists of gross profit margin divided by revenue where gross profit margin is revenue less cost of services.

Salaries and related costs includes regular payroll related expenses, commissions and consulting fees. All share based compensation, restructuring, other related costs are excluded from Salaries and related costs.

Other operating expenses includes sales commission expense, advertising and marketing expenses, travel expenses, administrative expenses including insurance and professional fees, communication expenses, maintenance expenses and rent expenses for office facilities. All restructuring and other related costs are excluded from other operating expenses.

Adjusted EBITDA – The Company believes that Adjusted EBITDA is useful additional information to management, the Board and investors as it provides an indication of the operational results generated by its business activities prior to taking into consideration how those activities are financed and taxed and also prior to taking into consideration asset depreciation and amortization and it excludes items that could affect the comparability of our operational results and could potentially alter the trends analysis in business performance. Excluding these items does not necessarily imply they are non-recurring, infrequent or unusual. Adjusted EBITDA is also used by some investors and analysts for the purpose of valuing a company. The Company calculates Adjusted EBITDA as earnings before deducting interest, taxes, depreciation and amortization, foreign exchange gain or loss, finance costs, finance income, gain or loss on disposal of network assets, property and equipment, impairment of property, plant, & equipment and intangible assets, stock-based compensation and restructuring costs. Investors are cautioned that Adjusted EBITDA should not be construed as an alternative to operating earnings (losses), or net earnings (losses) determined in accordance with IFRS as an indicator of our financial performance or as a measure of our liquidity and cash flows. Adjusted EBITDA does not take into account the impact of working capital changes, capital expenditures, debt principal reductions and other sources and uses of cash, which are disclosed in the consolidated statements of cash flows.

A reconciliation of net loss to Adjusted EBITDA is found below and in the MD&A for the three and six months ended June 30, 2024. Adjusted EBITDA does not have any standardized meaning under IFRS/GAAP. TERAGO’s method of calculating Adjusted EBITDA may differ from other issuers and, accordingly, Adjusted EBITDA may not be comparable to similar measures presented by other issuers.

The table below reconciles Adjusted EBITDA1 to net loss for the three and six months ended June 30, 2024 and 2023.

(in thousands of dollars, unaudited)

Three months ended June 30

Six months ended June 30

2024

2023

2024

2023

Adjusted EBITDA1

941

500

1,871

1,327

Deduct:

Depreciation of network assets, property and equipment and amortization of intangible assets

2,337

2,470

4,694

4,949

Stock-based compensation expense

231

(32)

414

170

Restructuring and other costs

1,177

636

1,197

Loss from operations

(1,645)

(3,115)

(3,873)

(4,989)

Add/deduct:

Impairment of assets and related charges

145

167

Foreign exchange (gain) loss

(6)

(18)

Finance costs

1,518

834

2,821

1,478

Finance income

(28)

(42)

(84)

(109)

Net loss for the period

(3,212)

(3,988)

(6,759)

(6,537)

Backlog MRR – The term “Backlog MRR” is a measure of contracted monthly recurring revenue (MRR) from customers that have not yet been provisioned. The Company believes backlog MRR is useful additional information as it provides an indication of future revenue. Backlog MRR is not a recognized measure under IFRS and may not translate into future revenue, and accordingly, investors are cautioned in using it. The Company calculates backlog MRR by summing the MRR of new customer contracts and upgrades that are signed but not yet provisioned, as at the end of the period. TERAGO’s method of calculating backlog MRR may differ from other issuers and, accordingly, backlog MRR may not be comparable to similar measures presented by other issuers.

ARPU – The term “ARPU” refers to the Company’s average revenue per customer per month in the period. The Company believes that ARPU is useful supplemental information as it provides an indication of our revenue from an individual customer on a per month basis. ARPU is not a recognized measure under IFRS and, accordingly, investors are cautioned that ARPU should not be construed as an alternative to revenue determined in accordance with IFRS as an indicator of our financial performance. The Company calculates ARPU by dividing our total revenue before revenue from early terminations by the number of customers in service during the period and we express ARPU as a rate per month. TERAGO’s method of calculating ARPU has changed from the Company’s past disclosures to exclude revenue from early termination fees, where ARPU was previously calculated as revenue divided by the number of customers in service during the period. TERAGO’s method may differ from other issuers, and accordingly, ARPU may not be comparable to similar measures presented by other issuers.

Churn – The term “churn” or “churn rate” is a measure, expressed as a percentage, of customer cancellations in a particular month. The Company calculates churn by dividing the number of customer cancellations during a month by the total number of customers at the end of the month before cancellations. The information is presented as the average monthly churn rate during the period. The Company believes that the churn rate is useful supplemental information as it provides an indication of future revenue decline and is a measure of how well the business is able to renew and keep existing customers on their existing service offerings. Churn and churn rate are not recognized measures under IFRS and, accordingly, investors are cautioned in using it. TERAGO’s method of calculating churn and churn rate may differ from other issuers and, accordingly, churn may not be comparable to similar measures presented by other issuers.

About TERAGO
TERAGO provides managed wireless and wireline connectivity and private 5G wireless networking services to businesses operating across Canada. As Canada’s biggest mmWave spectrum holders, the Company possesses exclusive spectrum licences in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services. TERAGO serves over 1,900 Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999. For more information about TERAGO, please visit www.terago.ca.

Forward-Looking Statements
This news release includes certain forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond TERAGO’s control. Forward-looking statements may include but are not limited to statements regarding the further developing our 5G Fixed Wireless Access program, consistently executing across all fronts of the business, success in providing Canadian enterprises with managed services and the 5G fixed wireless trials being conducted by the Company. All such statements constitute “forward-looking information” as defined under, applicable Canadian securities laws. Any statements contained herein that are not statements of historical facts constitute forward-looking information. The forward-looking statements reflect the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those risks set forth in the “Risk Factors” sections in the annual MD&A of the Company for the year ended December 31, 2023 available on www.sedar.com under the Company’s corporate profile. Factors that could cause actual results or events to differ materially include the inability to consistently achieve sales growth across all lines of TERAGO’s business including managed services, inability to complete successful 5G technical trials, the results of the 5G trials not being satisfactory to TERAGO or any of its technology partners, regulatory requirements may delay or inhibit the trial, the economic viability of any potential services that may result from the trial, the ability for TERAGO to further finance and support any new market opportunities that may present itself, and industry competitors who may have superior technology or are quicker to take advantage of 5G technology. Accordingly, readers should not place undue reliance on forward-looking statements as several factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed with the forward-looking statements. Except as may be required by applicable Canadian securities laws, TERAGO does not intend, and disclaims any obligation, to update or revise any forward-looking statements whether in words, oral or written as a result of new information, future events or otherwise.

SOURCE TeraGo Inc.

Technology

Club Offers for Travel Enthusiasts in Germany

Published

54 minutes ago

November 8, 2026

BERLIN, Nov. 8, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces five of many new Club Offers for Club Members in Germany.

Rigorously vetted and negotiated for us travel enthusiasts:

FROM €99 PP—HESSE: 3 DAYS AT A CASTLE HOTEL WITH DINNER IN THE KNIGHTS’ HALL
A crackling fireplace and historic suits of armor on the walls: a cozy winter evening at Staufenberg Castle. Included for us Club Members: a 3-course dinner in the Knights’ Hall, which is more than 500 years old.

€499 PP—TUSCANY: VILLA WITH COOKING CLASS & 6-COURSE DINNER
“Fantastic cooking class, wonderful wine tasting, excellent dinner.” Club Members love Villa Patriarca, which is why we’ve negotiated another offer. Save 50% for three nights in a junior suite compared to the market price.

FROM €299 PP—NEW 5-STAR HOTEL IN PORTO WITH FLIGHTS
Three nights in a prime location next to the historic city walls. Views of the Douro River from the outdoor hot tub. A special price to celebrate the opening of this boutique hotel: the offer regularly costs €580.

€89 PP—3 DAYS AT A BOUTIQUE HOTEL ON SYLT
A ship’s wheel on the wall and a historic nautical chart on the ceiling. Or Delft tiles in the bathroom and a tiger-print rug. Every room at Haus Noge is unique. In the off-season, we travel enthusiasts pay €89 instead of €267 per person.

FROM €399 PP—TURKEY: 1 WEEK ALL-INCLUSIVE WITH FLIGHTS
Relax on a sandy beach and soak up the sun at the start of the season in April. Included for Club Members: a sea-view room and all meals and drinks. There’s also a sports and entertainment program, from beach volleyball to tennis.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travelers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Travelzoo
Unter den Linden 40
10117 Berlin

Media Contact:
Natalia Cwierz – Berlin
+49 30 311 975 20
ncwierz@travelzoo.com

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SOURCE Travelzoo

Technology

“Pulse @ Jurong” launches as a New Digital Community Platform connecting Everyday Life across Singapore’s West

Published

2 hours ago

November 8, 2026

Developed by Jurong Point and Link Asset Management, the app extends the mall’s role beyond its physical space to serve as a digital connector for the wider community in the West.

New community-centric app brings transport updates, local discoveries, neighbourhood happenings and offers together in one place.

Built around the needs of residents, workers and visitors, with input from a focus group and closed beta involving 270 people living and working in the West.Connects people to the diversity of Jurong, bringing together everyday convenience, neighbourhood discoveries and community happenings in one platform.Jurong Point serves as the launchpad for the wider Jurong community, with future features shaped by user feedback and potential portfolio expansion.

SINGAPORE, Nov. 8, 2026 /PRNewswire/ — Pulse @ Jurong, a new community-centric digital platform developed by Jurong Point and Link Asset Management, has officially launched to bring everyday life across Singapore’s West closer together. Designed around the needs of residents, workers, students and visitors, the app connects transport information, neighbourhood businesses, local dining and retail offers, community activities and essential amenities in one convenient platform.

With Jurong Point as its starting point, Pulse @ Jurong serves the wider Jurong community, connecting people to neighbourhood businesses, services and experiences beyond the mall. The initiative reflects Jurong Point’s evolving role as a community hub and Link’s commitment to strengthening connections between its assets and the communities they serve.

Designed around everyday needs

Whether checking bus arrival times before leaving home, looking for a nearby meal, finding an upcoming community programme or discovering a relevant dining offer, users can access multiple aspects of their day through one app. Pulse brings together transport information and alerts, parking and EV-charging information, food and dining recommendations, neighbourhood amenities and services, and community events. Users can also discover eligible retail and dining offers, claim them through the app and keep them in an in-app wallet.

At launch, Pulse includes more than 470 store listings alongside local discoveries and places of interest. The app is designed for a potential Jurong West residential catchment of more than 250,000 people (this figure does not represent registered users).

Shaped with the Community, for the Community

The platform is developed with input from focus groups and closed beta involving 270 people living and working in the West over eight months, Pulse reflects feedback on transport, deals and neighbourhood discovery. This initial launch will be followed by further enhancements shaped by community feedback and actual usage. AI-assisted tools were also used to support feedback analysis and identify recurring themes.

“Access to timely and useful local information can help residents plan their day and participate more actively in community life. I hope Pulse @ Jurong will complement existing community channels and make it easier for residents to stay informed, discover activities nearby and feel more connected to the people and places around them,” said Mr Patrick Tay, Member of Parliament for Pioneer SMC and Adviser to Pioneer Grassroots Organisations.

“We began by looking at what people across Jurong need in their everyday lives, beyond what happens within the mall. Pulse is being piloted in Jurong to make local information, community activities and neighbourhood businesses easier to discover, while exploring how a digital platform can complement physical retail spaces and strengthen community connections. This is only the beginning. We will continue refining the platform and introducing new features based on feedback from residents, merchants and community partners. As we assess adoption, sustained engagement and the outcomes of this pilot, a successful model could potentially be adapted across Link’s wider portfolio,” said Mr Andy Kau, General Manager, Jurong Point.

Making Community Happenings easier to Discover

Pulse @ Jurong is intended to complement existing community and public-service channels by helping residents discover nearby events, activities and volunteer opportunities. Where available, users can follow links to the relevant organisers’ platforms to register or learn more.

Working with The Frontier and Boon Lay Community Clubs and local stakeholders, Jurong Point aims to broaden the visibility of local activities and provide another channel through which residents can connect with their community.

Supporting Local Business and strengthening the Jurong ecosystem

Beyond community information, Pulse @ Jurong creates a new digital discovery channel connecting residents and visitors with local businesses across Singapore’s West. The platform features 200 Jurong Point tenants and more than 300 neighbourhood merchants in the surrounding precincts, bringing together a diverse mix of retail, dining, services and everyday experiences in one convenient app.

Participating businesses can increase their visibility, showcase relevant offerings and engage customers through targeted promotions and campaigns. By connecting digital discovery with physical visits, the platform aims to encourage local spending, support neighbourhood businesses and strengthen the wider commercial ecosystem.

“For hawkers and small businesses in the neighbourhood, reaching new customers beyond our regular patrons is always important. Many residents may not be aware of the variety of food and services available just around the corner. The Jurong Point team took the time to engage us personally and guide us through how to use Pulse @ Jurong, making it easier for merchants like us to come on board. The app gives us another way to showcase what we offer, reach new customers and encourage more people to explore and support local businesses. It is encouraging to see Jurong Point extending its reach beyond the mall to bring the wider business community together,” said Mr Anthony Low Hock Kee, Vice President of The Federation of Merchants’ Associations, Singapore, and owner of Xin Sheng Ngoh Hiong Prawn Cracker at Boon Lay Place Food Village.

“Many neighbourhood merchants rely on word-of-mouth and returning customers, but there is often a wider audience nearby that may not be aware of what local businesses have to offer. Pulse @ Jurong provides a valuable platform for merchants to increase their visibility and connect with more residents in the community. Beyond supporting local businesses, it also helps bring people closer to the activities, services and experiences available in the neighbourhood. We are encouraged to see Jurong Point extending its role beyond the mall to strengthen connections across the wider Jurong community,” said Mr Kuek Chiew Peng, BBM(L) Chairman, Boon Lay Merchants’ Association for Boon Lay Shopping Centre.

Through its tenant relationships, on-site touchpoints and engagement with local merchants, Jurong Point is helping connect the mall with the wider Jurong community.

The launch also marks an important step in Link’s approach to digital placemaking, exploring how technology can complement physical retail assets, deepen customer engagement and create measurable value for tenants and community partners. Insights from adoption, usage and merchant participation will guide the platform’s continued development and potential expansion.

Discover More of the West with Pulse @ Jurong

To celebrate the launch, new users who sign up for Pulse @ Jurong from 7 November 2026 can enjoy dining and retail vouchers at the designated sign-up booths within Jurong Point, giving them an added incentive to discover and experience the offerings.

Adding to the excitement, users will also have the opportunity to stand a chance to win a JAECOO 6, an off-road-inspired electric SUV, as part of a launch lucky draw. Further details on participation and eligibility will be announced.

Pulse @ Jurong is available for download on the Apple App Store and Google Play Store. Residents and visitors are invited to download the app to explore real-time transport information, neighbourhood dining and retail offers, local discoveries and community happenings across Singapore’s West.

Download Pulse @ Jurong:

Apple App Store: https://apps.apple.com/sg/app/id6770556908
Google Play Store: https://play.google.com/store/apps/details?id=com.mll.pls

Stay connected with Pulse @ Jurong:

Follow Pulse @ Jurong on Facebook and Instagram for the latest neighbourhood discoveries, community happenings, exclusive offers and updates on upcoming activities.

Facebook: https://www.facebook.com/pulseatjurong/
Instagram: https://www.instagram.com/pulseatjurong/

Everyday Information in One Place

Pulse @ Jurong enables users to:

Plan their journeys
Access transport information and alerts, including bus arrival timings, traffic and train alerts, parking availability and EV-charging information.Discover what is nearby
Browse store listings, alongside local food and dining recommendations, neighbourhood amenities, services and places of interest across Pioneer, Jurong and nearby areas.Stay connected with the community
Discover upcoming community events, programmes and volunteer opportunities, with direct links to the relevant platforms for users to register their interest.Access relevant offers
Discover retail and dining offers, claim them through the app and store them in the in-app wallet.

About Pulse @ Jurong

Pulse @ Jurong is a community-centric digital platform developed by Jurong Point and Link Asset Management Limited to connect people, places, businesses and everyday experiences across Singapore’s West.

Designed for residents, workers, students and visitors, the app brings together real-time transport information, neighbourhood discoveries, dining and retail offers, local amenities and community happenings in one convenient platform. It also provides a digital discovery channel for Jurong Point tenants and neighbourhood merchants, helping local businesses connect with customers and encouraging greater participation in the local economy.

For more information about Pulse @ Jurong, please visit https://www.pulseatjurong.com.sg/

About Jurong Point

With 750,000 square feet of lettable space, Jurong Point is one of Singapore’s largest suburban lifestyle destination for shoppers in Singapore. Strategically located in the western part of Singapore and connected to Boon Lay MRT and Bus Interchange, the mall attracts an average footfall of 5.6 million visits a month.

Jurong Point is also home to a number of thematic precincts, such as, Japanese Food Street and Mongkok streets. The mall aims to meet shoppers’ diverse needs with anchor tenants like FairPrice Xtra, Harvey Norman, Kopitiam, Malaysia Boleh, Don Don Donki and more than 400 retail and food & beverage outlets that offer a dazzling array of merchandise, services and culinary delights.

Apart from being a retail destination, it also shares its space with a large cluster of 11 community and civic institutions, such as SAGE, AMP, TARA and My First Skool. The mall not only serves a 250,000 residential population but a 100,000 PMET Workforce as well within its 5 kilometre radius.

For more information about Jurong Point, please visit https://sg.linkreit.com/malls/jurong-point/

About Link Asset Management Limited

Link Asset Management Limited (Link) is a leading, independent, and fully integrated real estate investor and manager focusing on the APAC region. It manages Link Real Estate Investment Trust (Link REIT, Hong Kong stock code: 823), the largest REIT in Asia, and its real estate investment portfolio. Link also aims to leverage its investment management capabilities to serve as a trusted investment manager to capital partners through its business line, Link Real Estate Partners.

Building on its strong track record over almost two decades, Link targets to deliver resilient returns and growth to its unitholders. Link offers a “REIT plus” investment case through its strategic focus on diversifying the Link REIT Portfolio across geographies and asset classes in APAC and expanding its investment management business.

Link aspires to be the trusted partner in APAC real estate sector for unitholders, capital partners, tenants, and the wider communities it serves.

For more information about Link, please visit https://www.laml.com/en/

Chinese Translations

Jurong Point 裕廊坊

Link Asset Management Limited 领展资产管理有限公司

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SOURCE Jurong Point and Link Asset Management

Technology

2026 China International Intelligent Communication Forum Held in Wuxi

Published

2 hours ago

November 8, 2026

WUXI, China, Nov. 8, 2026 /PRNewswire/ — From November 8 to 10, the 2026 China International Intelligent Communication Forum (CIICF), jointly organized by China Media Group (CMG) and the Jiangsu Provincial People’s Government, is held in Wuxi, Jiangsu Province.

At the forum, the Chinese Academy of Social Sciences (CASS) releases the “2026 Report on the Development of Chinese Cities’ International Intelligent Communication Capabilities”, examining the key characteristics, current challenges and innovative pathways in the development of Chinese cities’ international intelligent communication. A new episode of the original franchise “Global Youth Talk” is also launched. Representatives of key cultural industry projects in Wuxi sign agreements on stage. The forum also launches the “Wuxi Initiative of the China International Intelligent Communication Forum,” calling on all parties to work together to build a new global ecosystem for intelligent communication that is open, inclusive, collaborative and mutually beneficial.

Lu Bingheng, Chairman of the National Technical Committee on Additive Manufacturing Standardization, Director of the National Additive Manufacturing Innovation Center and Professor at Xi’an Jiaotong University; Michael Levitt, Nobel Laureate in Chemistry and Member of the U.S. National Academy of Sciences; Ge Yuefeng, Deputy General Manager of China Time and Space Information Group Co., Ltd.; and Scott Ross, Founder of Digital Domain, Former Senior Vice President of Lucasfilm and Former President of Industrial Light & Magic (ILM), are among the guests sharing theoretical vision and practical perspectives. They exchange ideas on intelligent communication and media transformation, technological innovation and industrial development, and mutual learning among civilizations and international cooperation, building consensus on future development.

The forum also features a series of side events, including the 2026 Forum on the International Communication of Digital Culture, the AIGC Digital and Intelligent Industries Forum, the “Wuxi Dialogue” on Local International Communication, a closed-door industry dialogue, the “Film Music • Wuxi Night” gala, and the 2026 “Experience China Insights from Wuxi” International Media Tour.

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SOURCE CIICF