Fintech PR

Infinity Stone Ventures Announces Consolidation of its Shares

Published

1 year ago

July 11, 2023

VANCOUVER, British Columbia, July 11, 2023 /PRNewswire/ — Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF) (FSE: B2I) (the “Company” or “Infinity Stone“), announces it is consolidating all of its Class A Subordinate Voting shares (“Class A Shares”) and Class B Super Voting Shares (“Class B Shares”) on the basis of one post-consolidated Class A Share or Class B Share for every two pre-consolidated Class A Shares or Class B Shares held, as the case may be (the “Consolidation”). The Class A Shares are expected to begin trading on a consolidated basis on the Canadian Securities Exchange (“CSE”) on Thursday, July 13, 2023. The record date for the consolidation is July 14, 2023.

No fractional shares will be issued as a result of the Consolidation. Fractional interests will be rounded down to the nearest whole number of shares without any consideration payable therefor. Outstanding convertible securities of the Company, including warrants and options, will be adjusted to account for the Consolidation in accordance with their terms.

The Consolidation affects all the Company’s Class A and Class B shares outstanding on July 14, 2023. As a result, the number of issued and outstanding Class A shares will be reduced to approximately 44,507,230 from 89,014,460, subject to the treatment of fractional shares. The Class B shares will be reduced to approximately 16,894 from 33,788, also subject to the treatment of fractional shares. Each shareholder’s percentage ownership in the Corporation and proportional voting power will remain unchanged, except for minor adjustments resulting from the treatment of fractional shares. The new CUSIP number for the post-consolidation Class A Shares is 45675G202 and the new ISIN number is CA45675G2027. Infinity Stone’s Class A Shares will continue to trade under the symbol “GEMS” and Infinity Stone’s name will not change.

Shareholders who hold their shares in brokerage accounts or in “street name” or in the form of a DRS statement are not required to take any action to effect an exchange of their shares.

Registered shareholders who hold their shares in certificate form will receive a letter of transmittal from Computershare Investor Services Inc., the Corporation’s transfer agent. The letter of transmittal will contain instructions on how registered shareholders can exchange their share certificates representing pre-consolidation shares for new certificates representing post-consolidation shares. Until surrendered, each share certificate representing pre-consolidation shares will represent the number of whole post-consolidation shares to which the holder is entitled as a result of the Consolidation.

Management believes that the Consolidation is necessary to provide the Company with a share structure that will better attract capital financing and that will provide for future growth opportunities.

The Consolidation is subject to final approval from the CSE.

About Infinity Stone Ventures
Infinity Stone’s mission is to be a diversified, single source supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS solution portfolio. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100% interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs.

To register for investor updates please visit https://infinitystoneventures.com.

Infinity Stone Contact
Zayn Kalyan
CEO and Director
Direct: 778-938-3367
[email protected]

Forward-Looking Statements
This communication contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words and, in this news release, include statements respecting the Consolidation, the timing thereof and the effect thereof on the Company’s capital structure, ability to attract capital financing and growth opportunities. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this press release are based upon what management of Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements may also be affected by risks and uncertainties in the business of the Company, including those described in the Company’s public filings available on www.SEDAR.com. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

View original content:https://www.prnewswire.co.uk/news-releases/infinity-stone-ventures-announces-consolidation-of-its-shares-301874113.html

Fintech PR

Qingdao’s Laoshan district boosts innovative growth

Published

4 minutes ago

November 18, 2024

CISION (PR Newswire)

qingdao’s-laoshan-district-boosts-innovative-growth

QINGDAO, China, Nov. 18, 2024 /PRNewswire/ — A news report from chinadaily.com.cn:

Important in Qingdao’s development strategy, Laoshan district is a city of science and technology that is a fertile ground for innovation and a number of strategic emerging industries and future industries.

In 1994, the initial batch of high-tech enterprises in Qingdao began to congregate in Laoshan. Over the past 30 years, Laoshan has focused on expanding and strengthening the value chains of seven key industries including artificial intelligence, virtual reality, and modern finance.

The district has attracted a large number of innovative enterprises, including nine unicorn companies, 28 nationally recognized specialized and new “little giant” enterprises, 47 provincial-level gazelle enterprises, and 920 high-tech enterprises, all of which are among the top in the city in terms of quantity.

Laoshan district currently has the highest density of scientific and technological innovation in Shandong, with 178 high-tech enterprises per 10,000 companies, 52 national and provincial-level scientific research institutions, and 160 academicians and high-level talents.

By 2023, the proportion of the output value of high-tech industries in Laoshan district to the total output value of large-scale industries reached 86.55 percent, with the leading industry scale exceeding 180 billion yuan ($25.33 billion). Laoshan district has been selected as one of the nation’s top 100 industrial zones for two consecutive years.

Taking virtual reality as an example, as early as 2016, Laoshan district proposed that it become China’s virtual reality industry capital. In 2022, Qingdao constructed an industrial park featuring virtual reality in Laoshan, which has a planned area of over 2,000 mu (133.33 hectares), aiming to create an internationally leading highland for the virtual reality industry.

With the establishment of the industrial park, Laoshan district has vigorously attracted industry-leading enterprises and high-growth companies, as well as top talents in virtual reality. Currently, the park has attracted leading consumer-facing companies such as Douyin Pico and Dapeng VR, as well as core supporting enterprises such as electroacoustic components manufacturer GoerTek and Chinese virtual reality headset maker Pico. Shipments of high-end VR products from leading companies in the park account for over 80 percent of the domestic market.

In 2023, the scale of the virtual reality industry in Laoshan district surpassed 18 billion yuan, a year-on-year increase of 50 percent, and the virtual reality industry cluster was selected as a provincial-level future industry cluster.

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View original content:https://www.prnewswire.co.uk/news-releases/qingdaos-laoshan-district-boosts-innovative-growth-302308048.html

Fintech PR

Global spotlight on Shenzhen gold enterprise’s innovative technology

Published

1 hour ago

November 18, 2024

CISION (PR Newswire)

global-spotlight-on-shenzhen-gold-enterprise’s-innovative-technology

SHENZHEN, China, Nov. 18, 2024 /PRNewswire/ — Kinghood Group’s Smart Gold Store was honoured with the Certificate of the World’s First Gold Recycle Smart Terminal and made its global debut at the Kinghood Group Smart Retail Strategy launch ceremony on October 25, marking a milestone in the digitalization of gold consumption.

During the event, Zhou Bingfeng, Researcher at the Institute of Computer Science and Technology of Peking University and Head of the expert group; and Liu Dongao, Deputy Director of ZKHC (Beijing), presented the Certificate of the World’s First Gold Recycle Smart Terminal, along with the expert’s evaluation report.

The report affirmed Kinghood’s pioneering innovation in commercial gold recycling technology, which enhances gold testing efficiency, promotes sustainability, and improves accessibility and user experience.

Kinghood has been a trailblazer in the industry since 2019, debuting the world’s first generation of Smart Gold Store with a unique machine, namely ‘Gold ATM Terminal’, which integrates purchasing, customization and recycling services into a single platform. It focuses on offering lightweight gold products that resonate with younger consumers’ demand.

Kinghood’s Smart Gold Store (International Version) was officially launched in July 2024, and swiftly gained industry recognition by winning the Manufacturing Innovation Award at the 2024 JWA Sustainability Awards, organised by Informa Markets Jewellery.

The international version of the Smart Gold Store features advanced hardware, including high-precision electronic scales compatible with major global measurement units; and a universal detector with an accuracy of 0.01%. The system supports mobile phone registration in 200+ countries, multi-currency payments in 100+ countries and real-time price docking with the international gold trading markets. It can be customized to diverse regulatory, measurement and language requirements worldwide.

Looking ahead, Kinghood is committed to tailoring localized services to specific countries and regions, enhancing customer satisfaction through AI-driven customer service systems.

With the successful operation of its Macau store and the upcoming Hong Kong branch, Kinghood aims to extend its operational excellence beyond these regions and introduce China’s innovative technology in gold to the global stage.

Mr. Guan Enci, Chairman of New Green Box Pavilion Centre Limited and Kinghood’s Macau partner, commented, “Kinghood continuously drives advancements in science, technology and culture. The Smart Gold Store successfully integrates gold retailing and recycling services into a seamless experience, representing one of their significant innovations.”

Mr. Huang Shikun, Chairman of Kinghood Group, emphasized Kinghood’s dedication to innovation over the last 18 years since establishment, pioneering cutting-edge technologies and products that invigorate the gold industry. “Through collaborating with industry peers, Kinghood aims to spearhead a new era of smart gold solutions, setting a global benchmark for excellence and innovation.”

About Kinghood Group

Founded in 2006, Shenzhen-based Kinghood Group is an integrated industrial service provider encompassing the entire gold jewellery value chain. Its key businesses include gold recycling, gold retail and product customization.

Photo – https://mma.prnewswire.com/media/2560040/Kinghood_Group_s_Smart_Gold_Store.jpg

View original content:https://www.prnewswire.co.uk/news-releases/global-spotlight-on-shenzhen-gold-enterprises-innovative-technology-302307966.html

Fintech PR

Xinhua Silk Road: Jing’an District of China’s Shanghai shines at import expo

Published

4 hours ago

November 18, 2024

CISION (PR Newswire)

BEIJING, Nov. 18, 2024 /PRNewswire/ — During the recently-concluded seventh China International Import Expo (CIIE), Jing’an District of China’s Shanghai has held a series of investment promotion activities in an attempt to showcase its unique charm and unlimited business opportunities.

The district launched the “Quality Products Import Demonstration Zone” during the this year’s CIIE, the first of its kind in Shanghai, and introduced the “1+N” industry high-quality development policy toolkit, covering trade, finance, professional services, data intelligence, cultural creativity, life and health, etc., aiming to build an open and shared industrial ecology.

In recent years, the amount of intended purchase orders reached by Jing’an District at the CIIE has repeatedly hit new highs. During the CIIE this year, the district claimed the largest quantity of intended purchase orders among all districts in Shanghai.

This year, 52 companies from Jing’an participated in the CIIE. The district saw ten groups of companies reach broad cooperation consensus. Key exhibitors and buyers, such as L’Oreal, Inditex, and doTERRA, signed a series of procurement and cooperation agreements. About 12 high-quality investment projects with an estimated investment of about 1 billion yuan successfully settled in the district.

An official with Jing’an District said that Jing’an warmly welcomes friends at home and abroad to come to Jing’an, and hopes to work together with enterprises to promote the high-quality development of the district.

Original link: https://en.imsilkroad.com/p/343156.html

Video – https://mma.prnewswire.com/media/2560006/video.mp4

View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-jingan-district-of-chinas-shanghai-shines-at-import-expo-302307891.html