Realord Group Holdings Limited

Press Release

2023-03-10

Realord Group Will Join Hands With PRC State-Owned Power Generation Company to build and develop power storage equipment [March 10, 2023, Hong Kong] Realord Group Holdings Limited is pleased to announce that the Group is being in discussions with an independent third party for a potential cooperation with a Chinese state-owned power generation company for the construction of an offshore wind power plant and energy storage equipment in Zhejiang Province of China. The cooperation is expected to involve engineering design, procurement of materials and equipment, and construction of energy storage equipment (the "EPC Project"). The initial design capacity of the energy storage equipment is expected to be 1 gigawatt-hour per year, which will thereafter be increased to no less than 2 gigawatt-hours per year. China is accelerating the transformation of energy utilization methods, vigorously improving energy utilization efficiency, and renewable energy development continues to grow. However, some renewable energy power generation, such as wind and solar power, depend on the natural conditions, therefore those energies are recommended to store, thereby increasing the flexibility of the grid to ensure providing uninterrupted power supply for the customers when demand increases. According to the "Guiding Opinions on Accelerating the Development of New Energy Storage" jointly issued by the National Development and Reform Commission and the National Energy Administration, by 2025, the installed capacity of new energy storage will reach the goal of more than 30 million kilowatts. The total installed capacity in the next 3-4 years will exceed the total growth in the recent previous decade. According to the national 14th Five-Year Plan, the future development trend of energy storage will develop in the direction of commercialization and scale, and energy storage facilities will usher in a 10-year golden period. Realord Group believes that in the context of government support for renewable power generation and grid connection, the demand for new energy and related energy storage equipment will continue to increase. Therefore, the potential investment in the EPC project provides an attractive opportunity for the company to enter the Chinese new energy and energy storage marke

2023-03-06

Realord Group included in the Shanghai-Hong Kong Stock Connect (March 6, 2023 – Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK) is pleased to announce that the Company will become a constituent stock of the Shanghai-Hong Kong Stock Connect, with effect from March 13, 2023 (Monday). Recently, the Shanghai Stock Exchange ("SSE") issued the "Shanghai Stock Exchange Shanghai-Hong Kong Stock Connect Business Implementation Measures (Revised in 2023)" and the relevant provisions of the notice (Shang Zheng Fa [2023] No. 53), which mentioned that more listcos have been included and promoted to the Shanghai stock market has further promoted the integration of the capital markets of Shanghai and Hong Kong, which accelerated the two-way interconnection, and brought more choices and convenience transaction to investors in the two places. This time, the Group was included as a target of the Shanghai-Hong Kong Stock Connect, marking that the Group's diversified business development and growth performance have once again been recognized by the capital market. The Group will continue to strive for the best returns for the investors.

2023-03-05

Dr. Bryan Lin says on CCTV News: We must seize the opportunity to integrate Hong Kong into the overall development of China The "Two Sessions" (the annual plenary sessions of the National People's Congress and of the Chinese People's Political Consultative Conference (CPPCC)), is being held in Beijing, China. Hong Kong Members of the National CPPCC from stated that they should play a two-way role as a bridge and fulfill their duties, and use Hong Kong's strengtheness to actively integrate into the overall development of the country. Dr. Bryan Lin Xiaohui, member of the National CPPCC, member of the CPPCC, Shenzhen Committee, Realord Group & Sincere Chairman said "we must always bear 'one country & two systems' in mind, gather the consensus of loving our mother country and Hong Kong, and build a bridge for the development of PRC. Now is the golden period for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area. We must seize this opportunity to integrate Hong Kong into the overall development of the country and start again with the country and the Guangdong-Hong Kong-Macao Greater Bay Area." Your browser does not support HTML video.

2023-03-02

Dr. Bryan Lin says on CCTV News: Shorten immigration policy period to attract talents for Hong Kong Your browser does not support HTML video.

2023-02-28

2023-02-13

Lin Xiaohui: Call for the smooth commuting system to wake "Sleeping City" Longhua up as soon as possible On February 13, "People's Political Consultative Conference’s Network" (https://www.rmzxb.com.cn/), "People's Daily" and other media published a report "Lin Xiaohui: Call for the smooth commuting to wake up "Sleeping City" Longhua district as soon as possible". Introduced to the media at the Shenzhen CPPCC Plenary Session on February 13, Lin believed that although many new passages have been opened in Longhua District in recent years, the increase in passages still lags behind the increase in number of vehicles as well as the population, which seriously restricts the inner circulation of the city and reduces the economic efficiency. It also seriously affects the sense of gain and happiness of the citizens. The traffic bottlenecks need to be solved with great efforts and courage.” After more than 40 years of development in Shenzhen’s urban road construction, although great progress has been made, there are still obvious shortcomings. Among them, the problem of traffic congestion between Futian District, Nanshan District, and Longhua District has become increasingly prominent, which has become a bottleneck restricting the inner circulation of the districts. Longhua District, which is nicknamed “Sleeping City” on the internet. Due to the separation of jobs and residences for a large number of young people, they work in Futian and Nanshan Science and Technology Park during the day and return to live in Longhua at night, causing enormous pressure on the already congested commuting roads. "Several main passages connecting Longhua to Futian continue to be congested in the morning and evening peak hours, lasting for half an hour or even an hour or two hours. The congestion time of individual road sections lasts from 7:00 am to more than 10:00 am, and is listed as the most congested road section in Shenzhen all the year round. Some roads have been selected as one of the most congested road sections in Shenzhen for a long time, which discourage Hong Kong young people who originally thought of Longhua to develop and start a business." Dr. Bryan Lin Xiaohui, CPPCC member and had conducted a full investigation, introduced to the media at the Shenzhen CPPCC Plenary Session on February 13. He believes that although new passages have been opened in Longhua District in recent years, but they still lag behind the increase in population and vehicles, which seriously restricts the inner circulation of the city and reduces the efficiency of economic operation; it also seriously affects the sense of gain and happiness of citizens feel. The traffic bottleneck between the two places needs to be solved with great efforts and courage. How to strengthen the construction of urban road infrastructure to create a livable, resilient and smart city? Lin Xiaohui gave a good prescription: It is recommended to add multiple new passages, to speed up the construction of the Northeast Extension Project of the Qiaocheng, to connect the key areas in the district, and to strengthen the traffic connection between Longhua and the downtown areas. The relevant government departments estimate the travel time of road traffic in the direction of Longhua to the downtown area will be reduced by about 15-20% in the future. Lin called for speeding up the construction of public transportation such as subways, and drawing on the "P+R transfer" (park and ride) method in developed countries such as Britain and the United States to provide drivers with the option of transferring to subways or buses. He suggested that large public parking lots be built near the subway and bus station in Longhua district, so that people can drive to the edge of traffic congestion, park their cars in the parking lot, and then use the subway or bus to travel. The total commuting time is greatly reduced and the commuting experience will be improved. And adjust the planning or increase the density of Longhua subway in the long-term planning.

2023-02-04

Sincere CEO Suki Su was interviewed by CCTV: Welcomes the PRC customers to Sincere The new customs clearance measures in Hong Kong have given local tourism industry hope of recovery, and the retail merchants are ready to welcome the arrival of the tourists from the Mainland China. On February 4, Ms. Suki Su, Chief Executive Officer of the Sincere Company (0244.HK), said in an interview with CCTV: "After the completed customs clearance between Hong Kong and China, I think it is a very important benefit for our economy. It is also a positive interactive relationship recovered, no matter for the two places and for the residents.This kind of emotional exchange is a very urgent in need for us and the residents of the two places.” In addition, she also said that Sincere vouchers have been prepared for the PRC tourists, and they are welcomed to come to Sincere Department Stores. Your browser does not support HTML video.

2023-01-29

Realord & Sincere wish you a good start at the year of the Rabbit (January 29, 2023, Shenzhen) Realord & Sincere wish you a good start at the year of the Rabbit. The lunar fifth day and the seventh day of the new Chinese year are the first working days after CNY holidays in Hong Kong and Mainland China respectively Realord Group and Sincere company chairman Dr. Bryan Lin shuttled between Hong Kong and Shenzhen giving red packets to Realord & Sincere staff.