HONG KONG, Jan 25, 2022 - (ACN Newswire) - Regina Miracle International (Holdings) Limited ("Regina Miracle" or the "Group") (Stock code: 2199) today announced a partnership agreement with Victoria's Secret & Co. ("Victoria's Secret") (NYSE: VSCO) related to the latter's existing company-owned business in China.

Regina Miracle and Victoria's Secret have formed a joint venture ("JV") to operate all Victoria's Secret stores and the related online business in the People's Republic of China ("PRC"). Under the terms of the agreement, Regina Miracle will own 49% of the equity interest in the JV with a consideration of US$45 million in cash while Victoria's Secret will own the remaining 51% interest. The JV shall carry out the PRC business comprising designing, developing, manufacturing, marketing and sale of certain lingerie, intimate apparel as well as marketing and sale of personal care and beauty products under the agreed trademarks of Victoria's Secret in the PRC through its subsidiaries.

YY Hung, Chairman, CEO & Executive Director of Regina Miracle, said, "We are honored and excited to be elevating our long-standing partnership with Victoria's Secret through the formation of this joint venture in the promising China market. We are confident that our highly complementary strengths - Regina Miracle's industry-leading innovation capabilities and market foresights as an Innovative Design Manufacturer, and Victoria's Secret's undisputed brand leadership, retailing and marketing expertise - will perfectly position this partnership in capturing the growth opportunities and creating value for consumers in China."

Victoria's Secret CEO Martin Waters commented, "I am delighted to announce this partnership with Regina Miracle, who has been a valued merchandise supplier partner for more than twenty years. Together with Regina Miracle, we aim to grow the China business through joint investment in product development, distribution, and marketing. We expect the partnership will positively impact the speed and agility of the business to benefit consumers and provide us with a platform for a strong future in this important market. This JV with Regina Miracle in China completes a multi-year repositioning of the International business of the Company and we believe establishes a platform for accelerated sales and earnings growth in the market over the next several years."

About Regina Miracle International (Holdings) Limited
Regina Miracle International (Holdings) Limited (stock code: 2199), a global leader in the intimate wear manufacturing industry with a unique innovative design manufacturer ("IDM") business model, is engaged in the innovation, design and manufacturing of a diverse range of products, including mainly intimate wear, sports bra and apparel, consumer electronics components, and footwear. Committed to product innovations through proprietary craftsmanship revolutions, patented product and production technological breakthroughs, the company has acquired a number of competitive industry edges that have spearheaded its developments over the years into being a global industry leader. Today, Regina Miracle has two strategic strongholds - its R&D and production base in China, and a major production base in Vietnam, with a combined workforce of more than 46,000.

About Victoria's Secret & Co.
Victoria's Secret & Co. (NYSE: VSCO) is the world's largest intimates specialty retailer offering a wide assortment of modern, fashion-inspired collections including signature bras, panties, lingerie, casual sleepwear, athleisure and swim, as well as award-winning prestige fragrances and body care. With nearly 1,400 retail stores worldwide and a predominately female workforce of more than 25,000, Victoria's Secret boasts the largest team of specialty trained bra fit experts worldwide. Victoria's Secret is committed to inspiring women around the world with products and experiences that uplift and champion them and their journey while creating lifelong relationships and advocating for positive change.


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comRegina Miracle International (Holdings) Limited ("Regina Miracle" or the "Group") (Stock code: 2199) today announced a partnership agreement with Victoria's Secret & Co. ("Victoria's Secret") (NYSE: VSCO) related to the latter's existing company-owned business in China.

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Many factors affect carbon dioxide (CO2) emissions during steel production, including capacity utilization, facility age and upkeep, the electricity grid, and environmental regulations. Secondary steel production, which makes up about 70% of the steel that’s produced in the US, releases significantly less CO2 than primary steel production. As a result, the US is looking to create incentives for other countries to use this method over primary steel production.

While such a move certainly bodes well in the overall drive to encourage more sustainable practices, it also underscores how variable the market and rules of the game can be. Short-term incentives are helpful, but building supply chain resilience and strengthening sustainability practices will also take investment in supply chain technology that enables dynamic partnering, smarter order and transportation management, and better analytics to regularly – and effectively – shift and adapt to the ever-evolving playing field.

HONG KONG, Jan 17, 2022 - (ACN Newswire) - CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is honored to announce that its data science and innovation team has won the championship of "Material Demand Forecast" award in the 5th China Industrial Internet Data Innovation and Application Contest. The contest was jointly organized by The China Academy of Information and Communications Technology (CAICT) and People's Government of Baoan District, and was strongly supported by Alliance of Industrial Internet and Shenzhen Industrial and Information Technology Bureau.
2021 was a bountiful year for CITIC Telecom CPC where its data science and innovation team has achieved new heights. CITIC Telecom CPC attained the highest honor and won the championship in the "Classification of Malware Families based on Artificial Intelligence" in the CCF Big Data & Computing Intelligence Contest (CCF BDCI) organized by the China Computer Federation. The latest award is the championship in the 5th China Industrial Internet Data Innovation and Application Contest. Lasted nearly 3 months, the contest attracted more than 6000 people from over 2200 teams to participate. The data science and innovation team of CITIC Telecom CPC entered the competition in the "Smart Material Demand Forecast in Discrete Manufacturing Industry" category. The team used different attribute correlation analysis and integrated various algorithms to generate the best predictive value of product material demand and finally won the championship.

With the theme "Digitization drives intelligence and provides insight into industrial future", the contest provides real industrial production and operational data according to the needs of real manufacturing enterprises. Based on historical data of raw material demands and inventory level, every team has to predict the demand of each raw material in every factory and provide periodic demand forecast results for the coming 3 months in order to advise the factory in terms of stocking and production. CITIC Telecom CPC's data science team collected the data and conducted materials, scenarios and relevant attribute correlation analysis based on time series, and integrated various algorithms like mathematical algorithms to do intelligence analysis, thereby generating the best predictive value and finally won the contest.

"Data science has been widely utilized in various industries. Its strong intelligent power and rapid development have reshaped traditional enterprises for digital transformation. We are honored to receive this award in recognition of our data experts and professional team's comprehensive capabilities in industrial internet demand scenarios, algorithms modeling expertise and AI analysis. It also shows our team's dedication in innovation and integrate the latest technologies into business values, which bear testimony to our corporate vision 'Innovation Never Stops'. We will continue to sharpen the professional skills of data science team, to prepare for our strong engagement in future research and innovation projects." said Mr. Esmond Li, CEO of CITIC Telecom CPC.

Enhancing forecast accuracy with intelligent innovation
Different industries across the globe are facing big challenges in their supply chain during the pandemic. Supply chain collaboration is of great importance to enterprises particularly in the discrete and complex manufacturing industry. It is important to maximize the power of ICT services as an enabler of using data resources and intelligent algorithms to enhance forecast accuracy. Cloud computing, digitalization and the Industrial Internet of Things (IIoT) empower enterprises to implement supply chain collaboration and smart production management, helping them significantly reduce cost, increase efficiency and risk resistance capability. In this contest, CITIC Telecom CPC made use of real data in industrial scenarios to conduct algorithm analysis and modeling through its self-developed AI platform for IT operations. The professional use of different attribute correlation analysis and the integration of various algorithms have generated the best predictive value. The result demonstrates the value and vision of intelligent innovation, harnessing CITIC Telecom CPC's extensive ICT infrastructure services and their integration with AI technology. By integrating the latest technologies like intelligent algorithms, AR, big data, blockchain and IoT into its existing service portfolio, CITIC Telecom CPC has successfully developed smart ICT services and new business values as well as broadening industry use cases to empower enterprises to unlock business potentials.

About CITIC Telecom CPC
We are CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT(TM) private network solutions, TrustCSI(TM) information security solutions, DataHOUSE(TM) cloud data center solutions, and SmartCLOUD(TM) cloud computing solutions.

With the motto "Innovation Never Stops," we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.

With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across 160 countries, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect over 160 points of presence (POPs), 19 Cloud service centers, 30+ data centers, and two dedicated 24x7 Security Operations Centers (SOCs). As one of the first managed service providers in Hong Kong to achieve multiple ICT-related certifications, including ISO 9001, 14001, 20000, 27001, and 27017, we offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.

For more information, please visit www.citictel-cpc.com

Media Contacts:

Catherine YuenCITIC Telecom CPC
(852) 2170 7536
Email: catherine.yuen@citictel-cpc.com


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comCITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is honored to announce that its data science and innovation team has won the championship of "Material Demand Forecast" award in the 5th China Industrial Internet Data Innovation and Application Contest.