The Group has always attached importance to environmental protection. On 1 June, the Company arranged a green tour to the first Chinese Herbal Farm operated by a social welfare organization in Lo Wai Village on the southern tip of Tai Mo Shan for its Hong Kong employees. Employees have the opportunity to get acquainted with various Chinese herbal medicine knowledge and come into contact with different Chinese herbal medicine. They had a chance to taste herbal tea and learn about the fish and medicine symbiosis system, and to participate in a workshop to make natural mosquito repellent. Through this activity, the staff can enjoy the natural environment, relieve their daily pressure and allow them to have a deeper understanding of social welfare organizations and organic farming. The workshop enables the staff to know how to use natural plants to make harmless mosquito repellent and to further understand the importance of sustainable lifestyles.
Ms Glendy Choi, CEO of the Group, was invited to be the guest speaker at a forum on “How does our Environmental Industry seize the opportunities brought by the “Guangdong - Hong Kong – Macao Bay Area” Development & “The Belt and Road Initiative””. The forum was organized by Hong Kong Green Strategy Alliance and was held on 5 May 2018. Ms Glendy Choi shared the environmental practices and experience of the Group and how was the Group seize the opportunities and challenges under “The Belt and Road Initiative”. Over 150 officials and professionals from environmental industry attended the forum. The forum received keen and positive responses.
D&G Technology Holding Company Limited (“D&G Technology” or the “Group”; Stock code: 1301.HK), a leading medium-to-large scale asphalt mixing plant manufacturer and service provider in China, is pleased to announce that on 4 May 2018, the Group entered into an investment agreement with Kerry Logistics Network Limited (“Kerry Logistics”; stock code: 636.HK), which agreed to transfer approximately 28.57% of Topp Financial Leasing (Shanghai) Co., Ltd (“Target Company”), an indirect wholly-owned subsidiary of the Group ("Target Company") to Kerry Logistics in consideration for a cash payment of RMB1.37million and the assumption by Kerry Logistics of the obligation to contribute the registered capital attributable to such 28.57% equity interests in the amount of RMB20 million (the “Transfer”). In addition, Kerry Logistics agreed to increase the total amount of registered capital of the Target Company by RMB80 million (divided into two traches of RMB30 million and RMB50 million, respectively) (the “Subscription”). Upon completion of the Transfer and the Subscription, the Target Company will be held as to approximately 66.67% by Kerry Logistics and will cease to be a subsidiary of the Group.
Ms. Glendy Choi, CEO and Executive Director of the Group, said, “As a leading medium-to-large scale asphalt mixing plant manufacturer and service provider in China, we strive to expand our projects to countries along the “Belt and Road” by providing one-stop solution including design, manufacturing, sales, technical support, transportation and after-sales services. As a pioneer in the industry, we have our own patented technology to sustain our competitiveness, and also closely monitor the market trend in the favour of environmental protection by launching the nation’s first recycling and high environmental protection configuration asphalt plant and promoting green technology innovation. With our continuous efforts, the Group’s business has been expanding rapidly to the “Belt and Road” countries such as Russia, Kazakhstan, UAE, Saudi Arabia, Afghanistan, Turkmenistan, Mongolia, India, Brunei, Thailand, Malaysia, Indonesia etc. Among those, the “China-Pakistan Economic Corridor” construction project we have won earlier has laid a solid foundation for the development of overseas markets.”
Ms. Glendy Choi continued, “Through the strategic cooperation, the Group expects to generate significant business synergy with Kerry Logistics and enhance the development of its operations in the “Belt and Road” countries. Both Kerry Logistics and the Group consider the “Belt and Road” Initiative as an important strategic focus of their respective businesses and have been establishing and expanding their presence in the Belt and Road countries in recent years. Kerry Logistics’ investment in the Target Company will not only strengthen the capital position of the Group in the development of the finance leasing business, but will also serve as a first step for the two parties to further explore collaboration opportunities under the “Belt and Road” initiative. Looking ahead, D&G Technology will continue to pay close attention to potential strategic cooperation and grasp the opportunities brought by the “One Belt and One Road” initiative to further unleash the synergies between businesses and bring greater returns to the shareholders of the company.”
About D&G Technology Holding Company Limited (Stock Code 1301.HK)
D&G Technology is a leading medium-to-large scale asphalt mixing plant manufacturer and service provider in China. The Group’s core products include conventional hot-mix asphalt mixing plants and hot-mix asphalt mixing recycling plants. Asphalt mixtures produced by these plants are used in construction and maintenance of all grades of roads and highways. The Group also offers asphalt mixing plant customer services including sales of spare parts and components and provision of equipment modification services and leasing of asphalt mixing plants through operating leases. With headquarters in Hong Kong and a production base in Langfang, Hebei, D&G Technology is certified as a high-technology enterprise in Hebei and enjoys a preferential enterprise income tax rate of 15%. Its products are sold to most provinces, municipalities and autonomous regions in China. The Group has asphalt mixing plants projects in a total of 23 countries, including Australia, Russia, India, Thailand and Brunei, etc.
About Kerry Logistics Network Limited (Stock Code 0636.HK)
Kerry Logistics is an Asia-based, global 3PL with the strongest network in Asia. Its core competency is providing highly customised solutions to multinational corporations and international brands to enhance their supply chain efficiency, reduce overall costs and improve response time to market. It currently has more than 1,000 service points in 51 countries and territories, and is managing 52 million sq ft of land and logistics facilities worldwide, providing customers with high reliability and flexibility to support their expansion and long-term growth. Kerry Logistics Network Limited is listed on the Main Board of the Hong Kong Stock Exchange and is a selected Member of the Hang Seng Corporate Sustainability Index Series 2017-2018.
About Topp Financial Leasing (Target Company)
Established in 2016 in the China (Shanghai) Pilot Free Trade Zone, the Company is primarily engaged in the business of finance leasing of asphalt mixing plants and road construction equipment to D&G Technology’s customers in China.
D&G Technology has concerned the corporate social responsibility and has actively fulfilled its social responsibilities over the years. It cares for the community, employees and the environment. It has been nominated for the “Caring Company” Scheme for the first time in 2016 and has been awarded for the “Caring Company” logo for two consecutive years. This is the recognition to the Group for its work and measures to care for the community, employees and environment. The Group will continue to create a culture of innovation, care for the community and the environment, promote the active participation of employees, and continue to promote the concept of sustainable development of the Group.
On Mar 24, 2018, D&G Technology actively participated at Earth Hour by encouraging all our staff to support this worldwide lights-off campaign. All unnecessary lights were switched off at all our company premises, production facilities, offices and staff family for one hour from 20:30-21:30 to show our support for action on climate change. The campaign participation highlights the corporate and individuals efforts and supports on “energy conservation, consumption reduction and emission reduction”.
One hour of darkness shows our support for action on climate changes. Let’s work together to create a beautiful home.
A 100-watt light consumes 0.1 kWh in one hour, which is equivalent to quite 35g of standard coal consumption, 87g of carbon dioxide emissions, 2.6g of sulfur dioxide, 1.3g NOx, 24g of toner dust. Over the years, D&G Technology has always attached the importance to environmental protection. We create economic value for the society, at the same time, we still concern about environmental issues. In recent years, the Company newly developed Monoblock Recycling plant, Eco series asphalt mixing plant, etc. This is the strong support to environmental protection.
To further demonstrate D&G Technology's commitment to environmental protection and charity, the Group formed a team to participate in the "Green Run" 2018 on 14 January 2018. The event was organized by Green Council. The competition venue is located at Pak Shek Kok promenade in Shatin. There are a number of charity events and the Group took part in the 2.5-kilometer x4 Green Corporate Relay Race. The staff take the initiative to promote the green lifestyle.
The aims of Green Run 2018 are to promote public awareness of environmental protection and practice of environmental protection and habitat and to encourage people of all walks of life to practice environmental protection through wholesome running activities. The net income of the activities will be fully allocated for environmental protection education and waste management research and promotion projects organized by Green Council.
D&G Technology was firstly awarded the “Hong Kong Green Awards” – “Corporate Green Governance Award” in 2016. It won “Corporate Green Governance Award – Corporate Vision” award this year. The awards ceremony was held on 1 December 2017.
The "Hong Kong Green Awards" is an awarding event organized by the Green Council to encourage local enterprises to incorporate environmental considerations, environmental responsibility and environmental management systems into their operations and to recognize their continued improvement and leadership performance. The Corporate Green Governance Award recognizes the commitment of large enterprises in the five areas of leadership, mission, management systems, environmental monitoring and reporting, and stakeholders, as well as their integration of environmental considerations into daily operations. .
This "Corporate Green Governance Award" has been reaffirmed by D&G Technology's commitment to green governance. Looking ahead, the Group will continue to incorporate environmental, safety and health considerations in decision-making, accountability, management, performance, sustainability and leadership in the operation. We will strive to build a positive image, continue to strengthen green governance and become exemplary Green enterprise.
The 8th China Asphalt Plant Summit (CAPS) was held on November 11, 2017 in Langfang Ovation Hotel. The event was organized by the China Construction Machinery Association, Road Construction Machinery Chapter. Langfang D&G Machinery Technology Co., Ltd., a subsidiary of D&G Technology, is the rotating chair of the summit and therefore co-organized the event.
The theme of the summit is “Unity, Consensus, Confidence and Leadership”. The summit was held in a warm, united and friendly atmosphere. Mr Zhang Xi-nong, secretary-general of Road Construction Machinery Chapter, presided over the opening ceremony. Ms Glendy Choi, General Manager of D&G Machinery, presided over the summit report, summit organization and summit discussion. Mr Zhang Xi-nong made a report on “Development of Asphalt Mixing Plant Industry”. Dr Wang Hong-chang, an expert from the Air Pollution Control Centre of the Chinese Academy of Environmental Sciences, gave a special report on “Policies and Techniques for Air Pollution Control”. The summit unanimously agreed to issue the “Proposal on Promoting the Sound Development of Asphalt Mixing Plant Industry” to the whole industry.
Afterwards, the delegates visited the production facilities of D&G Machinery. Everyone greatly appreciated the clean and orderly production environment and the well-organized management of the Company. After the visit, delegates continued to discuss topics of common concern. In the evening, the delegates conducted in-depth exchanges on the topics and issues that everyone concerned at the tea academy. This summit was a great success. It further enhanced the friendship and unity among leaders of the Summit members, and to lay a solid foundation for the continuous and steady development of China's asphalt mixing plant industry.
D&G Technology has participated at Eco Expo Asia 2017, a trade fair organized by the Hong Kong Trade Development Council (HKTDC) and co-organized by the Environment Bureau of the Government of HKSAR, dedicated to fostering global green innovations. The exhibition embraces a theme of “Innovative Solutions for Greener Cities”. The exhibition was held from 26-29 Oct at Asia World-Expo Hong Kong. D&G Technology joined the Green Council Pavilion to showcase the green practices and green achievements of the Company and the features of D&G’s asphalt recycling plant at the booth.
D&G Technology was awarded the Caring Certificate of “Industry Cares” 2017 recognition scheme. This is a corporate social responsibility recognition scheme organized by Federation of Hong Kong Industries. The scheme is to praise those enterprises which had outstanding performance in Corporate Social Responsibility over the past year. D&G Technology attaches importance to corporate social responsibility and has participated in a number of activities related to corporate social responsibility in the past year, including sponsoring and supporting Hong Kong Green Day activities, participating in the International Coastal Cleanup Campaign, and arranging colleagues to be volunteers at Food Angel. The Group does not forget to fulfill the corporate social responsibility during its business development. We try to support and participate in different types of community obligations or environmental activities, and focus on its direction of sustainable development.
Jointly organized by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), the second Belt and Road Summit was held on 11 September at the Hong Kong Convention and Exhibition Centre. The second edition of the Summit attracted more than 3,000 key representatives of international institutions, business and industry leaders from various countries. D&G Technology participated in the Summit again, and our Executive Director and CEO, Ms Glendy Choi, was invited to be one of the speakers at a breakout forum to share her perspective on capturing the vast business opportunities presented by the Initiative.
Under the theme of “From Vision to Action”, the participants can join the investment and business matching sessions to explore cooperation and realize the Summit’s theme. There were project presentations, one-to-one business matching meetings and an exhibition area that showcased various professional services.
D&G Technology has done a lot of work in the “Action” aspect and has made some progress. For example, the Group has been actively involved in the “China-Pakistan Economic Corridor”, a key project of Belt and Road Initiative since three years ago. The Company has now gradually extended its operations to local operations following the supply of equipment and technical support for large construction enterprises in China. The Group has set up branch office in Pakistan to provide other value-added services to its customers, including upstream and downstream business such as asphalt imports and supporting modified asphalt processing services, and provision of operation lease of equipment for local customers.
The Group will continue to adopt a comprehensive international expansion strategy, and leverage our success in the PRC to expand into overseas markets.
D&G Technology Holding Company Limited (“D&G Technology” or the “Group”; Stock code: 1301.HK), a leading medium-to-large scale asphalt mixing plant manufacturer and service provider in China, is pleased to announce that the Group expects its profit attributable to the equity shareholders of the Company for the six months ended 30 June 2017 to increase by approximately 53% as compared to the same period last year.
The increase is mainly due to the increase in revenue by approximately 46% and partly offset by the increase in distribution costs and research and development expenses. The increase in revenue was primarily attributable to the increase in demand of asphalt mixing plants resulting from the increase in road construction projects both in China and overseas countries. In particular, the demand for recycling asphalt mixing plants in China increased significantly, due to the advocacy of the national environmental protection policies in China.
Ms. Glendy Choi, CEO and Executive Director of the Group, said, “Investment in infrastructure is one of the key drivers of economic growth and we are glad to see the increase in road construction projects not only in China but also along the One Belt One Road countries. With the advocacy of environmental protection policies in China, we expect there shall be a continuous growth in demand of recycling and high environmental protection configuration asphalt plants. The Group will also carry on to grasp the opportunities in the “One Belt One Road” region to develop its business and explore potential overseas markets. With unceasing technological innovation and investments in research and development, the Group is confident to remain as a leading player in the market and will use our best endeavors to bring better returns to the shareholders of the Company.”
D&G Technology has joined the “COOL Corporate Membership Scheme 2016/17” established by the Friends of the Earth (HK) to step up its efforts on environmental awareness and reduction of carbon emission. The Awards Presentation Ceremony for COOL Corporate Membership Scheme was held on 20 July 2017. The Group has registered four out of five scopes of the scheme and was honored to obtain the Best Performance Award in two scopes after a whole year’s participation. It is definitely a recognition to the Group’s effort and contribution on environmental awareness and CSR. The Group will continue to leave its eco-friendly footprint by actively supporting and participating in activities organized by environmental organizations.
D&G Technology Holding Company Limited (“D&G Technology” or the “Group”; Stock code: 1301.HK) is pleased to announce that Ms. Glendy Choi, CEO and Executive Director of the Group, was invited as one of the four guest speakers in the “Belt and Road Experience Sharing Forum".
D&G Technology, a leading medium-to-large scale asphalt mixing plant manufacturer and service provider in China, has been enthusiastically participated in various “One Belt, One Road” infrastructure construction projects and seizes the policy opportunities. Ms. Glendy Choi shared her experience of business development in “One Belt, One Road” countries in the forum.
She said, “I am very honoured to be involved as one of the speakers at the “Belt and Road Experience Sharing Forum”. This highly recognizes the Group’s effort to develop overseas markets in the past years. The Group provides environmental-friendly and energy-saving asphalt mixing plants which have been exported to 23 overseas countries, including Russia, India, and Middle East, etc. This manifests the important role of Hong Kong enterprises in the “One Belt One Road” development. Recently, being the first of its kind among Hong Kong's small and medium-sized enterprises to participate in the construction of the "China-Pakistan Economic Corridor", D&G Technology provided environmental-friendly and energy-saving asphalt mixing plants. Our products are very popular among Belt and Road countries, for their nature to reduce environmental impacts to communities and help achieve sustainable development.”
To enter overseas markets, enterprises would encounter various difficulties. Ms. Glendy Choi encouraged the forum participants to constantly adjust their strategies to adapt to the changing environment and seize the opportunities timely, while teenagers should embrace the connection to the world. Mr CY Leung, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), delivered his praise to the guest speakers for their outstanding career development. He also mentioned that the government recently published a pamphlet for “One Belt One Road”, which covers many successful “One Belt One Road” projects of the Group.
The "Belt and Road Experience Sharing Forum" was held by the Belt and Road Office of the HKSAR Government, together with the Commerce and Economic Development Bureau, Development Bureau, Education Bureau and Home Affairs Bureau, in which nearly 500 young businessmen, professionals and students attended. It was live webcasted and broadcasted, so citizens from all walks of life could understand more about the overseas business of D&G Technology.
To tie in with the policy of "The Belt and Road", the Belt and Road Office of the HKSAR Government, together with Commerce and Economic Development Bureau, Development Bureau, Education Bureau and Home Affairs Bureau, co-organized the “Belt and Road Experience Sharing Forum" at the Hong Kong Government headquarters. The Forum was held on 7 Jun 2017, about 500 people attended, including students, professionals and young businessmen. It was live webcasted and broadcasted to the schools so that more students who cannot attend can also listen. Ms. Glendy Choi, CEO of D&G Technology, was one of the four invited speakers who shared their experiences in the "Belt and Road" regions at the Forum. They encouraged young people to walk out of Hong Kong and look to the world.
At the sharing meeting, Ms. Choi mentioned the Group's efforts and presented the Group's participation in the construction of the "China-Pakistan Economic Corridor", which was the first of its kind in Hong Kong's small and medium-sized enterprises to participate in this remarkable project. The Group's asphalt mixing plants were equipped with environmental protection and energy-saving features, have been exported to 23 overseas countries in the world market, including Russia, India, the Middle East and other countries. Since the products can reduce the environmental impact of the surrounding community and help achieve sustainable development, the products are very popular in those Belt and Road countries.
Ms. Choi also elaborated on the difficulties faced by the Group in entering overseas markets, as well as some experience gained from development. She encouraged the forum participants to self-equip themselves in order to explore the world. Difficulties may be encountered during the process, and it is important to constantly adjust to adapt. In addition to have excellent product quality and after-sales service, one must be good at seizing the opportunity and be persistence.
Chief Executive of the Hong Kong Special Administrative Region (HKSAR), Mr CY Leung, gave the praised at his welcoming remarks that the guest speakers at the Forum have very good development and had certain foundation. In particular, he mentioned that the recent Belt and Road pamphlet published by the government, which contains many successful Belt and Road projects of the Group.
Green Council marked June 5 as Hong Kong Green Day five years ago. Every year it organizes a series of environmental activities to disseminate the message of environmental protection. Last year D&G Group was the sponsor of Hong Kong Green Day 2016. The Group is a sponsor of Hong Kong Green Day 2017 again this year. Ms. Sandra Ng, Assistant to CEO of D&G Technology, attended the Kick-off ceremony of Hong Kong Green Day 2017 on behalf of the Group. The Group has been supporting environmental protection, in addition to research and development of environmentally friendly asphalt mixture plants, various environmental measures are implemented in daily production, operation and management so as to achieve sustainable development of the Group.
D&G Technology has always attached importance to environmental protection and is committed to the research and development of asphalt recycling plants with environmental friendly and energy saving features. Products have been exported to various Belt and Road regions and countries, including India, Russia, Saudi Arabia, Brunei, Kazakhstan, Thailand, etc. Energy saving measures have also been implemented in production and daily operation. BOCHK Corporate Environmental Leadership Awards is organized by the Federation of Hong Kong Industries (FHKI) and BOCHK. Last year is the first time the Group participated and won the “Belt and Road Environmental Leadership Recognition Award” and “EcoChallenger”. This year the Group once again obtained the “EcoChallenger” award.
The award is in recognition of the outstanding performance of the Group’s contribution to the promotion of environmental protection. The awards ceremony was held on 1 Jun 2017 and was officiated by the Chief Executive of the Hong Kong Special Administrative Region (HKSAR), Mr CY Leung.