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  • MIL-OSI Russia: “Beryozovo” for employees of SPbGASU: a recreation center and the beginning of big trips

    Translartion. Region: Russians Fedetion –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – View of the bay

    SPbGASU employees and their families have a wonderful opportunity to relax on the shore of the Lehmalakhti Bay of Lake Ladoga in a historic mansion, which has become even more beautiful and comfortable after restoration work. We are talking about the departmental recreation center “Beryozovo”, which operates all year round.

    Over the long years of its existence, the base has already hosted several generations of our university employees. Many of those who once came here, then choose this place for rest again. Deputy Head of the Personnel Department Svetlana Goltsvart has already visited here twice.

    “I was on holiday with my husband and teenage daughter. The first time we went there out of curiosity: it was interesting to see what the recreation centre at our university was like, how the historic cottage had been restored, what the nature was like in this place. That’s why we only planned a 24-hour trip last July. We spent most of our time on the bay. Even the swings that my daughter had chosen had an amazing view of the lake. There was silence, calm and peace here. With such relaxation, the day flew by in an instant, and when we left, we already knew for sure that we would definitely come back here in August for a longer holiday. That’s what we did, and we are very happy about it,” said Svetlana Aleksandrovna.

    According to her, they booked a room with amenities, so thanks to the comfort and fresh air, beautiful nature, they had a pleasant experience and gained strength for a long time.

    Head of the Department of Structural Mechanics Nikita Maslennikov recalls how he used to vacation in “Beryozovo” as a child with his parents. At one time, his father headed this department for a quarter of a century.

    “I know this place well, but after years I wanted to visit it again, see how the cottage has changed after the work was done, and just relax in nature. My wife and I invited two friends for the company, so we rented two rooms. We cooked shashlik, fortunately there is a barbecue here, and swam. The advantageous location of the recreation center makes it possible to think over a meaningful, educational program of excursions both in the surrounding area and over longer distances. In the village of Beryozovo there is a Museum of Living History “Border Outpost”. Priozersk is nearby, where there are many attractions, including the Korela Fortress, founded at the turn of the 13th-14th centuries, Konevets Island, the courtyard of the Valaam Spaso-Preobrazhensky Monastery, from where, if desired, you can go with an excursion group to Valaam. The city has a well-equipped beach. Also nearby is Sortavala, the eco-park “Valley of Waterfalls”. Thus, the recreation center can become a stronghold for a pleasant trip. That’s why my wife and I are planning to come here with our granddaughter. It’s already a family tradition for us,” said Nikita Aleksandrovich.

    He is sure that the university management will continue the course of improving the recreation center. He would like an equipped place for swimming in the bay, improvement of the territory of the center, a multifunctional hall for celebrations, expansion of the seating places in the kitchen and an increase in the number of household appliances there.

    “Last year we already started improvement work: we fenced the area, built the necessary outbuildings, and outlined further plans in this direction,” said Vladimir Solovyov, Vice-Rector for Security and Administrative and Economic Work at SPbGASU.

    “Works on the comprehensive improvement of the territory are planned: the construction of a small beach on the southern – the sunniest shore, the layout of a network of pedestrian paths in the hard surface, the placement of separate areas for recreation, sports games and picnics. Landscaping of the territory is also planned. Decorative shrubs, seasonal flower arrangement should create additional coziness and comfort for vacationers. We consider it necessary to provide for a children’s playground with modern play equipment,” explained the chief architect, director of the design studio of SPbGASU Svetlana Bochkareva.

    Recreation center “Beryozovo”

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Marat Khusnullin: Facade work on the new building of the State Historical Museum in Moscow is more than half complete

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    New branch of the State Historical Museum

    The installation of facades in the new branch of the State Historical Museum near the Novodevichy Convent in Moscow is more than 50% complete, Deputy Prime Minister Marat Khusnullin reported.

    “Museum activities play an important role in preserving cultural heritage and forming historical memory. In modern conditions, museums in Russia are acquiring special significance, as they help to cultivate patriotism and strengthen national identity. The Russian construction complex contributes to the development of museum activities. A new branch of the State Historical Museum is currently being built in Moscow. The construction of the exhibition complex will significantly expand the exhibition space and attract more visitors – it will be able to receive up to 400 people per day. The roofing has already been completed, interior decoration is underway, and engineering systems are being installed. Facade work is more than 50% complete,” the Deputy Prime Minister said.

    The central exhibition of the museum center will be dedicated to the 500th anniversary of the founding of the Novodevichy Convent, which was celebrated in 2024. It is planned to begin the installation of the exhibition and its semantic content after the completion of all construction and installation works in early 2026.

    “Construction work in the new museum building is being carried out within the framework of the comprehensive state program “Construction”, supervised by the Ministry of Construction of Russia. The branch will be equipped with modern technologies, which will improve the quality of exhibitions and increase the level of comfort for visitors. The exhibition center will be equipped with the necessary display and stock equipment. All conditions will be created here for studying and displaying collections, as well as for the safe storage of museum valuables,” said Deputy Minister of Construction and Housing and Public Utilities Yuri Gordeev.

    The area of the modern building will be more than 10 thousand square meters. It will not only house museum exhibits, but also multifunctional and lecture halls, a storage facility, an excursion bureau, as well as premises for holding cultural events.

    “The construction of the new museum center started in October 2023. As of today, monolithic works have been fully completed on the site – all five floors of the building, including the underground floor, have already been erected. In the future, the territory of the center will also be landscaped with pedestrian zones, lawns and flower beds, which will contribute to the creation of a comfortable urban environment for residents,” said Karen Oganesyan, General Director of the Unified Customer PPC.

    The construction of the new exhibition and display centre is being carried out within the boundaries of the buffer zone of the Novodevichy Convent ensemble, which is included in the UNESCO World Heritage List.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Canada: Empowering Albertans with disabilities | Autonomiser les Albertains en situation de handicap

    [embedded content]

    People with disabilities shouldn’t have to choose between getting the support they need and having the opportunity to pursue a meaningful career. Albertans with disabilities and the organizations that support them have said loud and clear they want supports that meet their unique needs and abilities, rather than the current one-size-fits-all solution.

    In response to that request, Alberta’s government is creating a new Alberta Disability Assistance Program (ADAP), which will launch in July 2026. This new benefit program for people with disabilities will empower Albertans with disabilities to pursue fulfilling job opportunities while continuing to receive the benefits they need.

    “People with disabilities should not be punished for getting a job. Every dollar they earn on a paycheque should be helping make them better off, not threatening their access to the medication they need. That’s why I am excited to announce the new Alberta Disability Assistance Program, and I look forward to seeing the positive impact that it will have on Albertans with disabilities.”

    Jason Nixon, Minister of Seniors, Community and Social Services

    ADAP was thoughtfully designed based on input from Albertans with disabilities, who stressed the importance of providing pathways to employment for individuals who are able to work but still need supports. Albertans on ADAP will be able to earn more from working while continuing to receive their financial benefits, with higher earning exemptions than any other program. Those on ADAP will also be able to receive the health benefits they need, regardless of their employment income. This new program will ensure more Albertans with disabilities can enjoy the benefits of working like earning a paycheque, developing skills and building relationships, while still receiving supports that meet their unique needs and abilities.

    “I strongly believe in empowering persons with disabilities to reach their full potential, and I also strongly believe that all people deserve to pursue their goals and aspirations without barriers. By creating this program, the province is making it easier for Albertans to find success. ADAP will truly help to improve the quality of life of persons with disabilities, and I look forward to seeing the positive impact of this new program.”

    Greg McMeekin, Alberta’s advocate for persons with disabilities

    Through ADAP, Albertans with disabilities will not only receive the financial and health benefits they rely on, but they will also have access to the resources and tools they need to gain new skills and work to their full potential. To support this, Alberta’s government will be investing more to expand employment supports and encourage private sector employers to break down barriers to employment for people with disabilities. By providing pathways to employment for individuals who are able to work but still need supports, Alberta’s government is empowering people with disabilities to pursue their passions, leading to a greater sense of purpose and improved quality of life.

    “At Prospect Human Services, we’ve been helping individuals with disabilities build sustainable, well-paying careers for more than 60 years – and we know it’s possible. With ADAP, Alberta is breaking down the barriers that have long separated support from opportunity, creating a pathway for people to realize their full potential while maintaining essential benefits. We applaud the Alberta government for designing a flexible initiative that offers stability and empowers Albertans with disabilities to embrace the transformative power of employment.”

    Kevin McNichol, CEO of Prospect Human Services

    Alberta provides some of the most comprehensive supports in the country for people with disabilities, and the long-standing Assured Income for the Severely Handicapped (AISH) program will still be there for those with permanent and severe disabilities who are unable to work. Those currently on AISH will continue to receive their benefits, and applications will continue to be processed to ensure eligible applicants receive benefits as soon as possible. Alberta’s government is committed to ensuring that the province continues to have the best disability programs in Canada.

    “Today is a tremendous day that has been a long time coming. ADAP means faster access to more appropriate support and will be a significant step toward making Alberta the most accessible province in Canada. This will encourage participation and connection in our communities, while maintaining predictable, vital supports for every Albertan who needs them. We look forward to helping shape this groundbreaking program.”

    Jacob McGregor, chair of Premier’s Council for the Status of Persons with Disabilities

    Starting in July 2026, disability income assistance applicants will be assessed for both the new program and AISH, ensuring eligible applicants are placed in the program best suited to their unique situation. To make the medical assessment process quicker and more accessible, applicants will be connected with a roster of pre-qualified medical professionals who are able to complete their comprehensive medical assessment. Additionally, application approvals will be streamlined by establishing a new review panel made up of medical professionals with the expertise required to better understand the needs of applicants. These improvements will ensure Albertans with disabilities are able to get the supports they need sooner.

    “For many people with disabilities, employment isn’t just about earning a paycheck – it’s about purpose, independence and inclusion. This program can allow for new opportunities for individuals to contribute to their communities in ways that work for them.”

    Katherine Such, CEO of Easter Seals Alberta Society

    Quick facts

    • In 2024, the province invested more than $3.5 billion to support Albertans with disabilities, the highest amount ever.
    • The new Alberta Disability Assistance Program will become operational in July 2026.
    • Those currently on AISH will continue to receive their benefits.
      • All existing AISH clients will receive more information about the new program in March.
      • Clients can also contact their worker or Alberta Supports if they have questions or want additional information. 

    Related information

    • Alberta Disability Assistance Program
    • Fact sheet

    Multimedia

    • Watch the news conference
    • Listen to the news conference

    Le gouvernement de l’Alberta lancera un nouveau programme destiné aux Albertains en situation de handicap afin qu’ils puissent recevoir le soutien dont ils ont besoin tout en poursuivant une carrière valorisante.

    Les personnes en situation de handicap ne devraient pas avoir à choisir entre obtenir un soutien nécessaire et avoir la possibilité de mener une carrière enrichissante. Les Albertains en situation de handicap et les organisations qui les soutiennent ont clairement exprimé leur souhait d’un accompagnement mieux adapté aux besoins individuels, plutôt qu’une approche unique et standardisée.

    En réponse à cette demande, le gouvernement de l’Alberta met en place un nouveau programme d’aide aux personnes en situation de handicap, le Programme d’Aide aux Personnes en Situation de Handicap de l’Alberta (ADAP), qui sera lancé en juillet 2026. Ce nouveau programme d’aide offrira aux Albertains en situation de handicap la possibilité d’accéder à des emplois épanouissants tout en leur permettant de recevoir les prestations dont ils ont besoin.

    “Les personnes en situation de handicap ne devraient pas être pénalisées parce qu’elles ont un travail. Chaque dollar qu’elles gagnent grâce à leur emploi devrait les aider à mieux vivre, et non rendre problématique l’accès à des médicaments essentiels. C’est pourquoi je suis ravi d’annoncer le lancement du Programme d’Aide aux Personnes en Situation de Handicap de l’Alberta, et je me réjouis des retombées positives qu’il aura sur les Albertains concernés.”

    Jason Nixon, ministre des Aînés, des Communautés et des Services sociaux

    L’ADAP a été conçu avec soin en tenant compte de l’avis des Albertains en situation de handicap. Ces derniers ont, en effet, souligné l’importance d’offrir des voies d’accès à l’emploi aux personnes handicapées capables de travailler même si elles ont toujours besoin de soins ou de soutien. Grâce à l’ADAP, les Albertains admissibles pourront augmenter leur revenu d’emploi tout en conservant leurs prestations financières, bénéficiant ainsi des exemptions de revenu les plus avantageuses de tous les programmes existants. Les bénéficiaires de l’ADAP pourront également continuer de recevoir les prestations de santé dont ils ont besoin, quel que soit leur revenu d’emploi. Grâce à ce nouveau programme, plus d’Albertains en situation de handicap pourront travailler et profiter des bienfaits d’un emploi, comme recevoir une paie, apprendre de nouvelles compétences et tisser des liens, tout en conservant un soutien adapté à leurs besoins spécifiques.

    “Je crois fermement qu’il est essentiel de donner aux personnes en situation de handicap les moyens d’atteindre leur plein potentiel. Et je suis tout aussi convaincu que chacun mérite de poursuivre ses objectifs et ses aspirations sans obstacle. Grâce à ce programme, la province aide les Albertains à atteindre leurs objectifs et à réussir. L’ADAP contribuera à améliorer réellement la qualité de vie des personnes en situation de handicap, et je me réjouis des effets positifs que ce programme apportera.”

    Greg McMeekin, défenseur des droits des personnes en situation de handicap de l’Alberta

    Grâce à l’ADAP, les Albertains en situation de handicap recevront non seulement les prestations financières et de santé sur lesquelles ils comptent, mais ils auront aussi accès aux ressources et aux outils nécessaires pour acquérir de nouvelles compétences et exploiter pleinement leur potentiel professionnel. Pour soutenir cette initiative, le gouvernement de l’Alberta investira davantage afin d’élargir les mesures de soutien à l’emploi et inciter les employeurs du secteur privé à éliminer les obstacles à l’embauche des personnes en situation de handicap. Le gouvernement de l’Alberta met en place des voies d’accès à l’emploi pour les personnes capables de travailler mais qui ont toujours besoin de soutien. Cette initiative donne à chacun les moyens de poursuivre ses passions et contribue à un plus grand épanouissement ainsi qu’à une meilleure qualité de vie.

    “Chez Prospect Human Services, nous aidons les personnes en situation de handicap à bâtir des carrières durables et bien rémunérées depuis plus de 60 ans – et nous savons que c’est possible. Avec l’ADAP, l’Alberta supprime les obstacles qui, depuis trop longtemps, ont séparé le besoin de soutien et l’accès aux opportunités, permettant aux personnes de développer pleinement leur potentiel tout en maintenant les prestations dont elles ont besoin. Nous remercions le gouvernement de l’Alberta d’avoir conçu une initiative souple qui garantit la stabilité et donne aux Albertains en situation de handicap les moyens de profiter pleinement des bienfaits de l’emploi.”

    Kevin McNichol, président-directeur général de Prospect Human Services

    L’Alberta met à disposition certains des programmes de soutien les plus complets du pays pour les personnes en situation de handicap. Le programme de revenu pour les personnes gravement handicapées (AISH), qui existe depuis longtemps, restera en place pour les personnes qui ont un handicap permanent et sévère les empêchant de travailler. Les bénéficiaires actuels de l’AISH continueront de recevoir leurs prestations, et les demandes continueront d’être traitées afin que les personnes admissibles reçoivent leur aide dans les meilleurs délais. Le gouvernement de l’Alberta s’engage à faire en sorte que la province continue d’offrir les meilleurs programmes de soutien aux personnes en situation de handicap au Canada.

    “C’est un jour marquant qui a été espéré et attendu pendant longtemps. L’ADAP offrira un accès plus efficace à des soutiens mieux adaptés, ce qui fait de l’Alberta un modèle en matière d’accessibilité au Canada. Cette mesure incitera à une plus grande inclusion sociale et communautaire, garantissant aux Albertains en situation de handicap des soutiens fiables et essentiels. Nous nous réjouissons à l’idée de pouvoir apporter notre contribution à ce programme innovant.”

    Jacob McGregor, président du Conseil du premier ministre sur la condition des personnes en situation de handicap

    À compter de juillet 2026, les demandeurs d’aide au revenu pour les personnes en situation de handicap seront évalués à la fois pour le nouveau programme et pour l’AISH, afin de s’assurer que les personnes admissibles soient orientées vers le programme le mieux adapté à leur situation. Pour accélérer et faciliter le processus d’évaluation médicale, les demandeurs seront mis en relation avec un réseau de professionnels de la santé préqualifiés, en mesure de réaliser leur évaluation médicale complète. De plus, l’approbation des demandes sera simplifiée grâce à la mise en place d’un nouveau comité d’examen composé de professionnels de la santé possédant l’expertise nécessaire pour mieux comprendre les besoins des demandeurs. Ces améliorations permettront aux Albertains en situation de handicap d’obtenir plus rapidement le soutien dont ils ont besoin.

    “Pour de nombreuses personnes en situation de handicap, l’emploi ne se résume pas à un salaire – c’est aussi une source d’épanouissement, d’autonomie et d’inclusion. Ce programme offrira de nouvelles occasions aux personnes de contribuer à leur communauté d’une manière qui correspond à leurs capacités et à leurs besoins.”

    Katherine Such, présidente-directrice générale de la Easter Seals Alberta Society

    Faits en bref

    • En 2024, la province a investi plus de 3,5 milliards de dollars pour soutenir les Albertains en situation de handicap, un montant sans précédent.
    • Le Programme d’aide aux personnes en situation de handicap de l’Alberta (ADAP) entrera en vigueur en juillet 2026.
    • Les bénéficiaires actuels de l’AISH continueront de recevoir leurs prestations.
      • Tous les bénéficiaires de l’AISH recevront plus d’informations sur le nouveau programme en mars.
      • Ils peuvent également contacter leur travailleur social ou Alberta Supports pour toute question ou information complémentaire. 

    Informations connexes

    • Programme d’aide aux personnes en situation de handicap de l’Alberta
    • Fiche d’information

    Multimédia

    • Voir la conférence de presse

    Translations

    • Arabic
    • Simplified Chinese
    • Traditional Chinese
    • Hindi
    • Korean
    • Persian
    • Punjabi
    • Somali
    • Spanish
    • Tagalog
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    • Urdu
    • Vietnamese

    MIL OSI Canada News –

  • MIL-OSI China: China lights up for Lantern Festival with stunning displays and performances

    Source: People’s Republic of China – State Council News

    People across China celebrated the traditional Lantern Festival, which fell on February 12 this year, with dazzling light displays, folk performances, and traditional festivities.

    Check out the video to find out how cities across China celebrate the special Chinese traditional Lantern Festival!

    MIL OSI China News –

  • MIL-OSI: Ooredoo Qatar taps Nokia 5G Standalone Core to deliver advanced network services and generate new revenue streams

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Ooredoo Qatar taps Nokia 5G Standalone Core to deliver advanced network services and generate new revenue streams

    • Nokia will deliver a modernized core network that enables Ooredoo Qatar to offer more advanced services using network slicing.
    • Network will generate new consumer and enterprise revenue streams across industries such as ports, mining and natural gas.

    13 February 2025
    Espoo, Finland – Ooredoo Qatar, the leading telecommunications company in Qatar with more than 3.4 million customers, has selected Nokia to modernize the operator’s core network to enable the delivery of more advanced services, using network slicing and the integration of AI and machine learning capabilities that strengthen network performance, reliability, and the overall customer experience.

    The modernization will support Ooredoo Qatar’s network evolution to unlock more value faster from its network assets through new business models and consumer and enterprise revenue streams.

    Sheikh Ali Bin Jabor Al-Thani, Chief Executive Officer at Ooredoo Qatar, said: “Our vision is about enriching people’s digital lives and taking this important step with Nokia, of moving to a 5G standalone core network, supports our group-wide project initiatives of evolving our network operations with new digital capabilities and business models that strengthen the customer and enterprise experience.”

    The deal includes Nokia 5G voice core, packet core, and subscriber data management, which will provide Ooredoo Qatar with the capabilities to deliver ultra-low latency bandwidth and multi-access edge computing, which are needed to provide real-time industrial automation and high-quality gaming experiences at scale. 

    Nokia’s core solutions give communication service providers the flexibility required to operate multi-vendor networks. Ooredoo Qatar will also be able to create thousands of virtual networks on a single physical network infrastructure, with each “slice” tailored to specific requirements for different applications, services, and customers. 

    Raghav Sahgal, President of Cloud and Network Services at Nokia, said: “As a leading operator in the Middle East, Ooredoo Qatar continues to drive transformation projects that meet its customers’ evolving digital needs. We are delighted to grow Nokia’s strong partnership with Ooredoo Qatar by providing our flexible 5G standalone Core capabilities and supporting the operator’s multi-level network requirements.”

    Ooredoo Qatar will also use Nokia’s MantaRay NM solution for a consolidated and automated network view that optimizes network monitoring and management.

    The deal includes the rollout of Nokia Data Center Fabric solution, which enables data centers and cloud environments to easily scale, adapt, and operate. As part of the solution, Nokia’s 7220 Interconnect Router (IXR) system will be deployed, allowing Ooredoo Qatar to provide its services at higher efficiency, reduced energy consumption, and increased capacity.

    Nokia had the most 5G Standalone Core communication service provider customers, with 123 in total, at the end of 2024.

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
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    The MIL Network –

  • MIL-OSI: CLIQ: Invitation to Full Year 2024 Results Presentation

    Source: GlobeNewswire (MIL-OSI)

    DÜSSELDORF, 13 February 2025 – The CLIQ Group will report and present its audited full year 2024 financial results and highlights on Thursday, 20 February 2025.

    The 2024 Annual Report and a slides deck to accompany the earnings call will be available at https://cliqdigital.com/investors from 7:30 a.m. CET.

    Earnings call

    A live audio webcast conducted in English will be held at 2.00 p.m. CET on 20 February 2025 with presentations from Luc Voncken, CEO, and Ben Bos, member of the Management Board.

    Questions submitted before 12.00 p.m. CET via email to investors@cliqdigital.com will be answered after the presentations.

    Please click on the link below to register for this webcast:

    https://cliqdigital.zoom.us/webinar/register/WN_UManLyZkSvyaKCEkPZeQmg

    ZOOM details will be sent to you via email post registration and a replay of the webcast will be available shortly after the call at: https://cliqdigital.com/investors/financials/financial-reporting.

    Contacts

    Investor Relations:
    Sebastian McCoskrie, s.mccoskrie@cliqdigital.com, +49 151 52043659

    Media Relations:
    Daniela Münster, daniela.muenster@h-advisors.global, +49 174 3358111

    Financial calendar

    Annual report 2024 & earnings call Thursday 20 February 2025
    Annual General Meeting 2025 Friday 11 April 2025
    Financial report 1Q 2025 & earnings call Thursday 8 May 2025
    Half-year financial report 2025 & earnings call Thursday 7 August 2025
    Financial report 3Q/9M 2025 and earnings call Thursday 6 November 2025

    About CLIQ

    The CLIQ Group is a data-driven, online performance marketing company that sells bundled subscription-based digital products to consumers worldwide. The Group licenses content from partners, bundles it to digital products, and sells them via performance marketing. CLIQ is expert in turning consumer interest into sales by monetising online traffic using an omnichannel approach.

    CLIQ operated in 40 countries and employed 132 staff from 33 different nationalities as at 31 December 2024. The company is headquartered in Düsseldorf and has offices in Amsterdam and Paris. CLIQ is listed in the Scale segment of the Frankfurt Stock Exchange (ISIN: DE000A35JS40, GSIN/WKN: A35JS4) and is a constituent of the MSCI World Micro Cap Index.

    Visit our website at https://cliqdigital.com/investors. Here you will find all publications and further information about CLIQ. You can also follow us on LinkedIn.

    The MIL Network –

  • MIL-OSI Economics: Media release: Locking gas out of Capacity Investment Scheme risks higher power prices and blackouts – Australian Energy Producers

    Source: Australian Petroleum Production & Exploration Association

    Headline: Media release: Locking gas out of Capacity Investment Scheme risks higher power prices and blackouts – Australian Energy Producers

    Australians face paying more for their electricity and increased risk of blackouts under the Federal Government’s deal with the Greens to keep gas out of the Capacity Investment Scheme (CIS).

    Australian Energy Producers Chief Executive Samantha McCulloch said locking gas out of the CIS was at odds with the Government’s own advice on the critical role of gas in backing up renewables in the National Electricity Market (NEM) and for delivering reliable and affordable electricity.

    “Australia needs significant investment in new gas power generation to keep the lights on and power bills down,” Ms McCulloch said.

    “Instead of encouraging this investment, the Federal Government has again capitulated to the Greens’ anti-gas agenda and ignored the repeated warnings from experts about the critical role of gas in our power mix.”

    The Australian Energy Market Operator (AEMO) has found the NEM needs 13 gigawatts of new gas-powered generation capacity to be built between now and 2050, and that renewables “backed up by gas-powered generation is the lowest-cost way to supply electricity to homes and businesses”.

    “AEMO has made clear that gas is ‘the ultimate backstop for our grid’ and estimates that demand for gas power in the NEM will be almost double today’s levels in the early 2040s.

    “The Labor-Greens deal today to effectively legislate gas out of the CIS comes just weeks after the ACCC urged governments to fast-track new gas supply and investment by explicitly recognising the critical long-term role of gas in Australia’s energy transition.

    “Australia urgently needs investment in new gas supply and infrastructure to avoid structural shortfalls on the east coast from 2027 but mixed signals on the importance of gas only serve to undermine investor confidence.

    “State and Federal Governments continue to ignore the warnings, and as a result it is almost inevitable that Victoria and NSW will soon be relying on more expensive imported gas. Ultimately, it’s Australian households and businesses that will pay the price for this policy failure,” Ms McCulloch said.

    MIL OSI Economics –

  • MIL-OSI Canada: Introducing $15 a day child care for families | Lancement d’un service de garde d’enfants à 15 $ par jour pour les familles

    As part of the $3.8-billion Canada-Alberta Canada-Wide Early Learning and Child Care Agreement, Alberta is supporting families to access affordable child care across the province with their choice in provider.

    Starting Apr. 1, parents with children zero to kindergarten age attending full-time licensed daycare facilities and family day home programs across the province will be eligible for a flat parent fee of $326.25 per month, or roughly $15 a day. Parents requiring part-time care will pay $230 per month.

    To support these changes and high-quality child care, about 85 per cent of licensed daycare providers will receive a funding increase once the new fee structure is in place on Apr. 1.

    Every day, parents and families across Alberta rely on licensed child-care providers to support their children’s growth and development while going to work or school. Licensed child-care providers and early childhood educators play a crucial role in helping children build the skills they need to support their growth and overall health. As Alberta’s population grows, the need for high-quality, affordable and accessible licensed and regulated child care is increasing.

    While Alberta already reduced parent fees to an average of $15 a day in January 2024, many families are still paying much more depending on where they live, the age of their child and the child-care provider they choose, which has led to inconsistency and confusion. Many families find it difficult to estimate their child-care fees if they move or switch providers, and providers have expressed concerns about the fairness and complexity of the current funding framework.

    A flat monthly fee will provide transparency and predictability for families in every part of the province while also improving fairness to providers and increasing overall system efficiency. On behalf of families, Alberta’s government will cover about 80 per cent of child-care fees through grants to daycare facilities and family day homes.

    This means a family using full-time daycare could save, on average, $11,000 per child per year. A flat monthly parent fee will ensure child care is affordable for everyone and that providers are compensated for the important services they offer.

    As opposed to a flat monthly parent fee, Alberta’s government will reimburse preschools up to $100 per month per child on parents’ behalf, up from $75.

    “Albertans deserve affordable child-care options, no matter where they are or which type of care works best for them. We are bringing in flat parent fees for families so they can all access high-quality child care for the same affordable, predictable fee.”

    Matt Jones, Minister of Jobs, Economy and Trade

    “Reducing child care fees makes life more affordable for families and gives them the freedom to make choices that work for them—whether that’s working, studying or growing their family. We’ll keep working to bring costs down, create more spots, and reduce waitlists for families in Alberta and across the country, while ensuring every child gets the best start in life.”

    Jenna Sudds, federal minister of Families, Children, and Social Development

    To make Alberta’s child-care system affordable for all families, the flat monthly parent fee is replacing the Child Care Subsidy Program for children zero to kindergarten age attending child care during regular school hours. The subsidy for children attending out-of-school care is not changing.

    As the province transitions to the new flat parent fee, child-care providers will have flexibility to offer optional services for an additional supplemental parent fee. These optional services must be over and above the services that are provided to all children in individual child-care programs. Clear requirements will be in place for providers to prevent preferential child-care access for families choosing to pay for optional services.

    Cutting red tape and supporting child-care providers

    By moving to a flat monthly parent fee, Alberta’s government is continuing the transition to a primarily publicly funded child care system. To support high-quality child care, approximately 85 per cent of licensed daycare providers will receive a funding increase once the new structure is in place on Apr. 1.

    The province is enhancing the system to streamline the child-care claims process used to reimburse licensed child-care providers on behalf of Alberta parents. Alberta’s government is also putting technological solutions in place to reduce administrative burden and red tape.

    Looking ahead

    Over the final year of the federal agreement, Alberta’s government is working to support the child-care system while preparing to negotiate the next term of the agreement, reflective of the needs of Albertans and providers. Alberta joins its provincial and territorial partners across the country in calling for a sustainable, adequately funded system that works for parents and providers long term.

    Quick facts

    • In line with requirements under the Canada-Alberta Canada-Wide Early Learning and Child Care Agreement, the flat monthly parent fee only applies to children zero to kindergarten age requiring care during regular school hours.
    • Children attending 100 or more hours in a month are considered full-time and parents will pay $326.25 a month. Children attending between 50 and 99 hours are considered part-time and parents will pay $230 a month.
    • Families with children attending preschool for up to four hours a day are eligible for up to $100 per month.
    • There are no changes to the out-of-school care Child Care Subsidy Program for children requiring care outside of school hours in grades 1 to 6 and attending full-time kindergarten.
    • Programs may choose to provide optional services for a supplemental fee. Examples may include transportation, field trips and food. Child-care programs are not required to charge parents additional supplemental fees.

    Related information

    • Federal-provincial child care agreement

    Related news

    • Alberta strengthens child care safety (Oct. 30, 2024)

    L’Alberta instaure des frais mensuels fixes de 326,25 $ pour les services de garde d’enfants agréés à temps plein, soit environ 15 $ par jour.

    Dans le cadre de l’Accord entre le Canada et l’Alberta sur l’apprentissage et la garde des jeunes enfants à l’échelle du Canada d’une valeur de 3,8 milliards de dollars, l’Alberta aide les familles à avoir accès à des services de garde d’enfants abordables partout dans la province auprès du service de garde de leur choix.

    À compter du 1er avril, les parents ayant des enfants de la naissance à la maternelle qui fréquentent une garderie agréée à temps plein ou un service de garde en milieu familial partout dans la province seront admissibles à des frais fixes de 326,25 $ par mois, soit environ 15 $ par jour. Les parents qui ont besoin de services de garde à temps partiel paieront 230 $ par mois.

    Pour appuyer ces changements et des services de garde d’enfants de grande qualité, environ 85 % des fournisseurs de services de garde agréés recevront une augmentation du financement lorsque la nouvelle structure tarifaire sera en place le 1er avril.

    Chaque jour, les parents et les familles de l’Alberta comptent sur des fournisseurs de services de garde d’enfants agréés pour appuyer la croissance et le développement de leurs enfants pendant qu’ils vont au travail ou à l’école. Les fournisseurs de services de garde d’enfants agréés et les éducateurs de la petite enfance jouent un rôle crucial en aidant les enfants à acquérir les compétences dont ils ont besoin pour soutenir leur croissance et leur santé globale. À mesure que la population de l’Alberta augmente, le besoin de services de garde d’enfants agréés et réglementés de grande qualité, abordables et accessibles s’accroît.

    Bien que l’Alberta ait déjà réduit les frais pour les parents à une moyenne de 15 $ par jour en janvier 2024, de nombreuses familles paient encore beaucoup plus selon l’endroit où elles vivent, l’âge de leur enfant et le fournisseur de services de garde d’enfants qu’elles choisissent, ce qui a entraîné des incohérences et de la confusion. De nombreuses familles ont de la difficulté à estimer leurs frais de garde d’enfants si elles changent de fournisseur, et les fournisseurs ont exprimé des préoccupations au sujet de l’équité et de la complexité du cadre de financement actuel.

    Des frais mensuels fixes assureront la transparence et la prévisibilité pour les familles de toutes les régions de la province, tout en améliorant l’équité envers les fournisseurs et en augmentant l’efficacité globale du système. Au nom des familles, le gouvernement de l’Alberta couvrira environ 80 % des frais de garde d’enfants grâce à des subventions accordées aux garderies et aux services de garde en milieu familial.

    Cela veut dire qu’une famille dont un enfant fréquente une garderie à temps plein pourrait économiser 11 000 $ par enfant par année en moyenne. Des frais mensuels fixes pour les parents garantiront que les services de garde d’enfants sont abordables pour tous et que les fournisseurs sont rémunérés pour les services importants qu’ils offrent.

    Contrairement aux frais mensuels fixes pour les parents, le gouvernement de l’Alberta remboursera jusqu’à 100 $ par mois aux parents pour les enfants d’âge préscolaire, comparativement à 75 $.

    « Les Albertaines et les Albertains méritent des options abordables en matière de garde d’enfants, peu importe où ils se trouvent ou quel type de services leur convient le mieux. Nous instaurons des frais fixes pour les parents afin qu’ils puissent tous avoir accès à des services de garde d’enfants de grande qualité, à un coût abordable et prévisible. »

    Matt Jones, ministre de l’Emploi, de l’Économie et du Commerce

    « La réduction des frais de garde d’enfants rend la vie plus abordable pour les familles et leur donne la liberté de faire des choix qui leur conviennent, qu’il s’agisse de travailler, d’étudier ou d’agrandir leur famille. Nous continuerons de travailler pour réduire les coûts, créer plus de places et réduire les listes d’attente pour les familles en Alberta et partout au pays, tout en veillant à ce que chaque enfant ait le meilleur départ possible dans la vie. »

    Jenna Sudds, ministre fédérale de la Famille, des Enfants et du Développement social

    Afin de rendre le système de garde d’enfants de l’Alberta abordable pour toutes les familles, les frais mensuels fixes pour les parents remplacent le programme de subventions pour la garde d’enfants destiné aux enfants de la naissance à la maternelle qui fréquentent un service de garde pendant les heures scolaires normales. La subvention pour les enfants pris en charge à l’extérieur de l’école ne change pas.

    À mesure que la province adoptera les nouveaux frais fixes pour les parents, les fournisseurs de services de garde d’enfants auront la possibilité d’offrir des services facultatifs moyennant des frais supplémentaires pour les parents. Ces services facultatifs doivent s’ajouter aux services offerts à tous les enfants dans le cadre de programmes individuels de garde d’enfants. Des exigences claires seront mises en place pour les fournisseurs afin d’empêcher l’accès préférentiel aux services de garde pour les familles qui choisissent de payer pour des services facultatifs.

    Réduire les formalités administratives et soutenir les fournisseurs de services de garde d’enfants

    En passant à des frais mensuels fixes pour les parents, le gouvernement de l’Alberta poursuit la transition vers un système de garde d’enfants financé principalement par l’État. Pour appuyer des services de garde d’enfants de grande qualité, environ 85 % des fournisseurs de services de garde agréés recevront une augmentation du financement lorsque la nouvelle structure sera en place le 1er avril.

    La province améliore le système afin de simplifier le processus de demande de remboursement des frais de garde d’enfants utilisé pour rembourser les fournisseurs de services de garde d’enfants agréés au nom des parents albertains. Le gouvernement de l’Alberta met également en place des solutions technologiques pour réduire le fardeau administratif et les formalités administratives.

    Regard vers l’avenir

    Au cours de la dernière année de l’accord fédéral, le gouvernement de l’Alberta s’efforce d’appuyer le système de garde d’enfants tout en se préparant à négocier la prochaine durée de l’accord, en tenant compte des besoins de sa population et des fournisseurs. L’Alberta se joint à ses partenaires provinciaux et territoriaux partout au pays pour réclamer un système durable et financé adéquatement qui fonctionne pour les parents et les fournisseurs à long terme.

    Faits en bref

    • Conformément aux exigences de l’Accord entre le Canada et l’Alberta sur l’apprentissage et la garde des jeunes enfants à l’échelle du Canada, les frais mensuels fixes pour les parents ne s’appliquent qu’aux enfants de la naissance à la maternelle qui ont besoin de services de garde pendant les heures scolaires normales.
    • Les enfants qui fréquentent une garderie pendant 100 heures ou plus par mois sont considérés comme des enfants qui fréquentent à temps plein et les parents paieront 326,25 $ par mois. Les enfants qui fréquentent une garderie entre 50 et 99 heures sont considérés comme des enfants qui fréquentent à temps partiel et les parents paieront 230 $ par mois.
    • Les familles qui ont des enfants qui fréquentent un programme préscolaire pendant jusqu’à quatre heures par jour sont admissibles à un montant maximum de 100 $ par mois.
    • Aucun changement n’est apporté au Programme de subventions pour les services de garde d’enfants à l’extérieur de l’école pour les enfants qui doivent être pris en charge en dehors des heures d’école de la 1re à la 6e année et qui fréquentent la maternelle à temps plein.
    • Les programmes peuvent choisir de fournir des services facultatifs moyennant des frais supplémentaires. Les exemples peuvent inclure le transport, les sorties scolaires et la nourriture. Les programmes de garde d’enfants ne sont pas tenus de facturer des frais supplémentaires aux parents.

    Renseignements connexes

    • Entente fédérale-provinciale sur les services de garde d’enfants (en anglais seulement)

    Nouvelles connexes

    • Alberta strengthens child care safety (30 octobre 2024)

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    MIL OSI Canada News –

  • MIL-OSI: Valeura Energy Inc.: Record Reserves and Resources at Year-End 2024: 2P Reserves Replacement Ratio of 245%

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 13, 2025 (GLOBE NEWSWIRE) — Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (“Valeura” or the “Company”) is pleased to announce the results of its third-party independent reserves and resources assessment as at year-end 2024.

    Highlights

    • Record high year-end reserves: 32 MMbbl proved (1P), 50 MMbbl proved plus probable (2P) and 60 MMbbl proved plus probable plus possible (3P) reserves;
    • 2P reserves replacement ratio of 245% even after annual production increase of 12%;
    • 2P reserves and end of field life (“EOFL”) increased at every field;
    • 2P reserves net present value before tax of US$934 million and US$752 million after tax(1);
    • Considering year-end 2024 cash position of US$259 million, Company net asset value (“NAV”) is US$1,012 million, equating C$13.6 per common share(2);
    • Contingent resources(3) of 48 MMbbl, more than double the total at end 2023; and
    • Decommissioning costs significantly reduced through engineering studies and increased EOFL to beyond 2030.
    (1) Discounted at 10% (NPV10)
    (2) Proved plus probable (2P) NPV10after tax plus cash of US$259.4 million (no debt), using US$/C$ exchange rate of 1.435, and 106.65 million common shares outstanding, as at December 31, 2024
    (3) Unrisked 2C (best estimate) contingent resources

    Dr. Sean Guest, President and CEO commented:

    “I am pleased to announce the results of our end 2024 reserves and resources evaluation, which shows again that our aggressive work programme can increase the ultimate potential of our fields and add value to our Company. In our second full year of operations we have again added more than double the reserves we produced, achieving a 2P reserves replacement ratio of 245%. This is a significant feat, considering we also increased production by 12% relative to 2023.

    We also added to the ultimate potential of our portfolio, with all Thailand fields now having an economic field life lasting beyond 2030. Since taking over these assets, we have added at least four additional years of production life to each field. This means more years of future cash flow and is therefore a prime example of one key element of our strategy in action – driving further organic growth.

    The net asset value of our business is now over US$1 billion – a record high, equating to more than C$13.6 per common share. This is based on our 2P after tax NPV10increasing by 76% year-on-year, coupled with a new record year-end cash position.

    In addition to discovering volumes through the drill bit and aggressively working to build our understanding of the intricate subsurface environment, various other financial and engineering studies have also added value. Our field abandonment costs have been reduced further through updated engineering studies which are benchmarked to actual abandonment operations in the Gulf of Thailand. The effect of this, combined with extended field life across the portfolio, is expected to reduce our Asset Retirement Obligation (“ARO”) on our balance sheet by more than 50% since we first assumed operatorship of these assets.

    We are relentless in our pursuit of value and we remain focussed on allocating capital efficiently. Moreover, we see exciting reserves-adding opportunities ahead through the potential Wassana field redevelopment, as well as through ongoing infill development and appraisal drilling across the portfolio, and the selective exploration targets we will pursue this year.

    At the same time, inorganic growth remains a key part of our strategy, and we are actively evaluating several opportunities to assess fit with our strict screening criteria.”

    Valeura commissioned Netherland, Sewell & Associates, Inc. (“NSAI”) to assess reserves and resources for all of its Thailand assets as of December 31, 2024. NSAI’s evaluation is presented in a report dated February 13, 2025 (the “NSAI 2024 Report”). This follows previous evaluations conducted by the same firm for December 31, 2023 (the “NSAI 2023 Report”) and December 31, 2022 (the “NSAI 2022 Report”).

    Oil and Gas Reserves by Field Based on Forecast Prices and Costs

        Gross (Before Royalties) Reserves, Working Interest Share (Mbbl)
    Reserves by Field Jasmine
    (Light/Medium)    		 Manora
    (Light/Medium)    		 Nong Yao
    (Light/Medium)    		 Wassana
    (Heavy)    		 Total
    Proved Producing Developed 5,268 1,370 6,541 2,894 16,073
    Non-Producing Developed 703 433 153 242 1,531
    Undeveloped 4,713 705 3,742 5,490 14,650
    Total Proved (1P) 10,684 2,509 10,436 8,626 32,255
    Total Probable (P2) 6,108 848 6,500 4,297 17,753
    Total Proved + Probable (2P) 16,792 3,357 16,936 12,923 50,008
    Total Possible (P3) 3,647 718 4,297 1,027 9,689
    Total Proved + Probable + Possible (3P) 20,440 4,075 21,233 13,950 59,697

     
    Summary of Reserves Replacement, Value, and Field Life

    As compared to the NSAI 2023 Report, the NSAI 2024 Report indicates an addition of 2.4 MMbbl of proved (1P) reserves and 12.1 MMbbl of proved plus probable (2P) reserves, after having produced 8.4 MMbbl of oil in 2024. This reflects a 1P reserves replacement ratio of 128% and a 2P reserves replacement ratio of 245%.

    Based on the mid-point of the Company’s 2025 production guidance of 23.0 – 25.5 Mbbl/d (24.25 Mbbl/d), on a 2P reserves basis as of December 31, 2024, the Company estimates its reserves life index (“RLI”) to be approximately 5.6 years. Using the same 2025 production estimate and 2P reserves as of December 31, 2023 and December 31, 2022, the RLI was approximately 4.3, and 3.3 years, respectively.

    The net present value of estimated future revenue after income taxes, based on a 10% discount rate has increased between the NSAI 2023 Report and the NSAI 2024 Report from US$193.9 million to US$358.6 million on a 1P basis, an increase of 85%. On a 2P basis, the net present value of estimated future revenue after income taxes, based on a 10% discount rate has increased from US$428.5 million to US$752.2 million, an increase of 76%.

    The Company estimates that, based on the 2P net present value of estimated future revenue after income taxes in the NSAI 2024 Report, based on a 10% discount rate, plus the Company’s 2024 year-end cash position of US$259.4 million, as disclosed on January 8, 2025, the Company has a 2P net asset value (“NAV”) of US$1,011.6 million. Using the year-end count of common shares outstanding (being 106.65 million) and foreign exchange rates, Valeura’s NAV equates to approximately C$13.6/share.

      1P NPV10 2P NPV10 3P NPV10
      Before Tax After Tax Before Tax After Tax Before Tax After Tax
    NPV10(US$ million) 360.7 358.6 933.9 752.2 1,339.1 990.2
    Cash at December 31, 2024 (US$ million)(1) 259.4 259.4 259.4 259.4 259.4 259.4
    Net Asset Value (US$ million) 620.1 618.0 1,193.3 1,011.6 1,598.5 1,249.6
    Common shares (million)(2) 106.65 106.65 106.65 106.65 106.65 106.65
    Estimated NAV per basic share (C$ per share)(3) 8.3 8.3 16.1 13.6 21.5 16.8
    (1) Cash at December 31, 2024 of US$259.4 million, debt nil
    (2) Issued and outstanding common shares as of December 31, 2024
    (3) US$/C$ exchange rate of 1.435 as at December 31, 2024

    The NSAI 2024 Report indicates a further extension in the anticipated end of field life for all assets in Valeura’s Thailand portfolio, as compared to the NSAI 2023 Report.

      Gross (Before Royalties) 2P Reserves, Working Interest Share End of Field Life 2P NPV10After Tax (US$ million)
    Fields December 31, 2023
    (MMbbl)    		 2024 Production
    (MMbbl)    		 Additions
    (MMbbl)    		 December 31, 2024
    (MMbbl)    		 Reserves Replacement Ratio (%) NSAI 2023 Report NSAI 2024 Report December 31, 2023 December 31, 2024
    Jasmine 10.4 (2.9 ) 9.2 16.8 324 % Dec 2028 Aug 2031 81.8 163.9
    Manora 2.2 (0.9 ) 2.1 3.4 223 % Jul 2027 Apr 2030 21.2 45.7
    Nong Yao 12.4 (3.1 ) 7.7 16.9 245 % Dec 2028 Dec 2033 185.6 416.1
    Wassana 12.9 (1.4 ) 1.5 12.9 102 % Jun 2032 Dec 2035 139.9 126.6
    Total 37.9 (8.4 ) 20.5 50.0 245 %     428.5 752.2

     
    Valeura has demonstrated two consecutive years of growth in both aggregate 2P reserves and the associated after-tax 2P NPV10 value.

      Gross (Before Royalties) 2P Reserves,
    Working Interest Share (MMbbl)    		 2P NPV10After Tax
    (US$ million)
    Fields December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2022 December 31, 2023 December 31, 2024
    Jasmine 10.0 10.4 16.8 37.1 81.8 163.9
    Manora 1.8 2.2 3.4 12.1 21.2 45.7
    Nong Yao 11.2 12.4 16.9 145.5 185.6 416.1
    Wassana 6.1 12.9 12.9 66.3 139.9 126.6
    Total 29.1 37.9 50.0 261.0 428.5 752.2

     
    The NSAI 2024 Report does not assume a new redevelopment concept for the Wassana field and therefore does not include potential upside volumes associated with the Company’s contemplated redevelopment. Valeura is targeting readiness for a final investment decision (“FID”) in early Q2 2025. Should the Company opt to proceed with the redevelopment, management anticipates a higher production profile, with longer field life than is currently reflected in the NSAI 2024 Report.

    Net Present Values of Future Net Revenue Based on Forecast Prices and Costs

    Net present values of future net revenue from oil reserves are based on cost estimates as of the date of the NSAI 2024 Report, and forecast Brent crude oil reference prices of US$75.58, US$78.51, US$79.89, US$81.82, and US$83.46 per bbl for the years ending December 31, 2025, 2026, 2027, 2028, and 2029, respectively, with 2% escalation thereafter. NSAI assumes cost inflation of 2% per annum. Price realisation forecasts for each field are based on the Brent crude oil reference prices above, and adjusted for oil quality, and market differentials.

    Based on Valeura’s revised corporate structure, as modified by the reorganisation completed in November 2024, values estimated by NSAI assume a combined, single tax filing for all of the Company’s Thai III fiscal concessions, covering the Wassana, Nong Yao, and Manora fields. The Jasmine field, being a Thai I fiscal concession, is outside this scope.

    All estimated costs associated with the eventual decommissioning of the Company’s fields are included as part of the calculation of future net revenue, specifically within the Proved Producing Developed category.

        Before Tax NPV10(US$ million)
    Future Net Revenue by Field Jasmine Manora Nong Yao Wassana Total
    Proved Producing Developed (124.7)   (27.6)   146.2 (160.7)   (166.8)  
    Non-Producing Developed 35.3   27.9   7.0 16.2   86.4  
    Undeveloped 93.6   7.9   108.1 231.5   441.0  
    Total Proved (1P) 4.2   8.2   261.3 87.0   360.7  
    Total Probable (P2) 217.4   39.1   204.5 112.3   573.3  
    Total Proved + Probable (2P) 221.5   47.3   465.8 199.3   933.9  
    Total Possible (P3) 168.8   29.6   150.7 56.1   405.1  
    Total Proved + Probable + Possible (3P) 390.3   76.9   616.5 255.4   1,339.1  
        After Tax NPV10(US$ million)
    Future Net Revenue by Field Jasmine Manora Nong Yao Wassana Total
    Proved Producing Developed (131.4)   (27.6)   146.2 (160.7)   (173.4)  
    Non-Producing Developed 33.9   27.9   7.0 16.2   85.1  
    Undeveloped 99.6   7.9   108.1 231.5   447.0  
    Total Proved (1P) 2.1   8.2   261.3 87.0   358.6  
    Total Probable (P2) 161.8   37.4   154.8 39.6   393.6  
    Total Proved + Probable (2P) 163.9   45.7   416.1 126.6   752.2  
    Total Possible (P3) 96.7   20.4   93.3 27.6   238.0  
    Total Proved + Probable + Possible (3P) 260.6   66.1   509.3 154.2   990.2  

     
    Asset Retirement Obligations

    During 2024, the Company conducted extensive engineering studies into the eventual decommissioning of its fields. These studies utilised costs benchmarked to current decommissioning activities underway elsewhere within the Gulf of Thailand. Valeura’s work since acquiring the assets in early 2023 has resulted in a reduction of 32% in the anticipated cost to decommission the assets (US$ real basis).  

    In addition, the significant extensions to the economic life of all of the Company’s fields means the timing for decommissioning expenditure has shifted further into the future. The combined effect is estimated to be a material reduction in the ARO liability to be shown on the Company’s balance sheet. While the final ARO is still to be reviewed by the Company’s auditor, management estimates that the ARO as at December 31, 2024 will have been reduced by approximately 35% from year-end 2023 and more than 50% relative to the Company’s first estimate upon assuming operatorship of the Thai portfolio in Q1 2023.

    Resources

    NSAI assessed the Company’s contingent resources of its Thailand assets for additional reservoir accumulations and reported estimates in the NSAI 2024 Report, the NSAI 2023 Report, and the NSAI 2022 Report. Contingent resources are heavy crude oil and light/medium crude oil, and are further divided into two subcategories, being Development Unclarified and Development Not Viable (see oil and gas advisories). Each subcategory is assigned a percentage risk, reflecting the estimated chance of development. Aggregate totals are provided below.

    Contingent Resources NSAI 2022 Report
    Gross (Before Royalties) Working Interest Share    		 NSAI 2023 Report
    Gross (Before Royalties) Working Interest Share    		 NSAI 2024 Report
    Gross (Before Royalties) Working Interest Share
    Unrisked (MMbbl) Risked (MMbbl) Unrisked (MMbbl) Risked (MMbbl) Unrisked (MMbbl) Risked (MMbbl)
    Low Estimate (1C) 10.4 1.8 15.2 6.5 29.4 9.2
    Best Estimate (2C) 14.1 2.5 19.9 8.9 48.4 13.5
    High Estimate (3C) 22.1 3.9 27.9 11.6 72.1 18.0

     
    Comparing the NSAI 2023 Report to the NSAI 2024 Report, the Company has recorded an increase in the best estimate (2C) unrisked contingent resources of 143%.

    The Company last completed an independent assessment of its prospective resources in Türkiye, effective December 31, 2018, which is available under Valeura’s issuer profile on SEDAR+ at www.sedarplus.com. Valeura has no reserves or contingent resources associated with its properties in Türkiye.

    Further Disclosure and Webcast
    Valeura intends to disclose a summary of the NSAI 2024 Report to Thailand’s upstream regulator later in February 2025. Thereafter, the Company will publish its estimates of reserves and resources in accordance with the requirements of National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities along with its annual information form for the year ended December 31, 2025, on approximately March 26, 2025.

    Valeura’s management team will host an investor and analyst webcast at 08:00 Calgary / 15:00 London / 22:00 Bangkok / 23:00 Singapore on Thursday, February 13, 2025 to discuss its reserves and contingent resources. Please register in advance via the link below.

    Registration link: https://events.teams.microsoft.com/event/a527dbad-61ff-47b1-8330-a10c28cfd2ee@a196a1a0-4579-4a0c-b3a3-855f4db8f64b

    As an alternative, an audio only feed of the event is available by phone using the Conference ID and dial-in numbers below.

    Thailand: +66 2 026 9035,,817613646#
    Singapore: +65 6450 6302,,817613646#
    Canada: (833) 845-9589,,817613646#
    Türkiye: 0800 142 034779,,817613646#
    United States: (833) 846-5630,,817613646#
    United Kingdom: 0800 640 3933,,817613646#

    Phone conference ID: 817 613 646#

    For further information, please contact:

    Valeura Energy Inc. (General Corporate Enquiries)                +65 6373 6940
    Sean Guest, President and CEO
    Yacine Ben-Meriem, CFO
    Contact@valeuraenergy.com

    Valeura Energy Inc. (Investor and Media Enquiries)                +1 403 975 6752 / +44 7392 940495
    Robin James Martin, Vice President, Communications and Investor Relations
    IR@valeuraenergy.com

    Contact details for the Company’s advisors, covering research analysts and joint brokers, including Auctus Advisors LLP, Canaccord Genuity Ltd (UK), Cormark Securities Inc., Research Capital Corporation, and Stifel Nicolaus Europe Limited, are listed on the Company’s website at www.valeuraenergy.com/investor-information/analysts/.

    About the Company

    Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

    Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

    Oil and Gas Advisories

    Reserves and contingent resources disclosed in this news release are based on an independent evaluation conducted by the incumbent independent petroleum engineering firm, NSAI with an effective date of December 31, 2024. The NSAI estimates of reserves and resources were prepared using guidelines outlined in the Canadian Oil and Gas Evaluation Handbook and in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities. The reserves and contingent resources estimates disclosed in this news release are estimates only and there is no guarantee that the estimated reserves and contingent resources will be recovered.

    This news release contains a number of oil and gas metrics, including “NAV”, “reserves replacement ratio”, “RLI”, and “end of field life” which do not have standardised meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies. Such metrics are commonly used in the oil and gas industry and have been included herein to provide readers with additional measures to evaluate the Company’s performance; however, such measures are not reliable indicators of the future performance of the Company and future performance may not compare to the performance in previous periods.

    “NAV” is calculated by adding the estimated future net revenues based on a 10% discount rate to net cash, (which is comprised of cash less debt) as of December 31, 2024. NAV is expressed on a per share basis by dividing the total by basic common shares outstanding. NAV per share is not predictive and may not be reflective of current or future market prices for Valeura.

    “Reserves replacement ratio” for 2024 is calculated by dividing the difference in reserves between the NSAI 2024 Report and the NSAI 2023 Report, plus actual 2024 production, by the assets’ total production before royalties for the calendar year 2024.

    “RLI” is calculated by dividing reserves by management’s estimated total production before royalties for 2025.

    “End of field life” is calculated by NSAI as the date at which the monthly net revenue generated by the field is equal to or less than the asset’s operating cost.

    Reserves

    Reserves are estimated remaining quantities of commercially recoverable oil, natural gas, and related substances anticipated to be recoverable from known accumulations, as of a given date, based on the analysis of drilling, geological, geophysical, and engineering data, the use of established technology, and specified economic conditions, which are generally accepted as being reasonable. Reserves are further categorised according to the level of certainty associated with the estimates and may be sub-classified based on development and production status.

    Proved reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves.

    Developed reserves are those reserves that are expected to be recovered from existing wells and installed facilities or, if facilities have not been installed, that would involve a low expenditure (e.g., when compared to the cost of drilling a well) to put the reserves on production.

    Developed producing reserves are those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may be currently producing or, if shut in, they must have previously been on production, and the date of resumption of production must be known with reasonable certainty.

    Developed non-producing reserves are those reserves that either have not been on production, or have previously been on production, but are shut in, and the date of resumption of production is unknown.

    Undeveloped reserves are those reserves expected to be recovered from known accumulations where a significant expenditure (e.g., when compared to the cost of drilling a well) is required to render them capable of production. They must fully meet the requirements of the reserves classification (proved, probable, possible) to which they are assigned.

    Probable reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves.

    Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. It is unlikely that the actual remaining quantities recovered will exceed the sum of the estimated proved plus probable plus possible reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of the estimated proved plus probable plus possible reserves.

    The estimated future net revenues disclosed in this news release do not necessarily represent the fair market value of the reserves associated therewith.

    The estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties, due to the effects of aggregation.

    Contingent Resources

    Contingent resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies are conditions that must be satisfied for a portion of contingent resources to be classified as reserves that are: (a) specific to the project being evaluated; and (b) expected to be resolved within a reasonable timeframe.

    Contingent resources are further categorised according to the level of certainty associated with the estimates and may be sub‐classified based on a project maturity and/or characterised by their economic status. There are three classifications of contingent resources: low estimate, best estimate and high estimate. Best estimate is a classification of estimated resources described in the Canadian Oil and Gas Evaluation Handbook as the best estimate of the quantity that will be actually recovered; it is equally likely that the actual remaining quantities recovered will be greater or less than the best estimate. If probabilistic methods are used, there should be at least a 50 percent probability that the quantities actually recovered will equal or exceed the best estimate.

    The project maturity subclasses include development pending, development on hold, development unclarified and development not viable. The contingent resources disclosed in this news release are classified as either development unclarified or development not viable.

    Development unclarified is defined as a contingent resource that requires further appraisal to clarify the potential for development and has been assigned a lower chance of development until commercial considerations can be clearly defined. Chance of development is the likelihood that an accumulation will be commercially developed.

    Conversion of the development unclarified resources referred to in this news release is dependent upon (1) the expected timetable for development; (2) the economics of the project; (3) the marketability of the oil and gas production; (4) the availability of infrastructure and technology; (5) the political, regulatory, and environmental conditions; (6) the project maturity and definition; (7) the availability of capital; and, ultimately, (8) the decision of joint venture partners to undertake development.

    The major positive factor relevant to the estimate of the contingent development unclarified resources referred to in this news release is the successful discovery of resources encountered in appraisal and development wells within the existing fields. The major negative factors relevant to the estimate of the contingent development unclarified resources referred to in this news release are: (1) the outstanding requirement for a definitive development plan; (2) current economic conditions do not support the resource development; (3) limited field economic life to develop the resources; and (4) the outstanding requirement for a final investment decision and commitment of all joint venture partners.

    Development not viable is defined as a contingent resource where no further data acquisition or evaluation is currently planned and hence there is a low chance of development, there is usually less than a reasonable chance of economics of development being positive in the foreseeable future. The major negative factors relevant to the estimate of development not viable referred to in this news release are: (1) current economic conditions do not support the resource development; and (2) availability of technical knowledge and technology within the industry to economically support resource development.

    If these contingencies are successfully addressed, some portion of these contingent resources may be reclassified as reserves.

    Of the best estimate 2C contingent resources estimated in the NSAI 2024 Report, on a risked basis: 74% of the estimated volumes are light/medium crude oil, with the remainder being heavy oil; 77% are categorised as Development Unclarified, with the remainder being Development Not Viable. Development Unclarified 2C resources have been assigned an average chance of development for the four fields ranging from 30% to 50% depending on oil type, while 2C Development Not Viable resources have been assigned an average chance of development ranging from 16% to 17%.

    Resources Project
    Maturity Subclass    		 Light and Medium Crude Oil
    (Development Unclarified)    		 Chance of Development (%)
    Unrisked Risked
    Gross (Mbbl) Net (Mbbl) Gross (Mbbl) Net (Mbbl)
    Contingent Low Estimate (1C) Development Unclarified 8,267 7,334 3,108 2,742 38 %
    Contingent Best Estimate (2C) Development Unclarified 14,178 12,538 4,227 3,728 30 %
    Contingent High Estimate (3C) Development Unclarified 21,072 18,644 5,289 4,673 25 %
    Resources Project
    Maturity Subclass    		 Heavy Crude Oil
    (Development Unclarified)    		 Chance of Development (%)
    Unrisked Risked
    Gross (Mbbl) Net (Mbbl) Gross (Mbbl) Net (Mbbl)
    Contingent Low Estimate (1C) Development Unclarified 7,807 7,358 4,045 3,813 52 %
    Contingent Best Estimate (2C) Development Unclarified 10,641 10,029 5,325 5,018 50 %
    Contingent High Estimate (3C) Development Unclarified 14,524 13,689 6,560 6,182 45 %
    Resources Project
    Maturity Subclass    		 Light and Medium Crude Oil
    (Development Not Viable)    		 Chance of Development (%)
    Unrisked Risked
    Gross (Mbbl) Net (Mbbl) Gross (Mbbl) Net (Mbbl)
    Contingent Low Estimate (1C) Development Not Viable 11,294 10,502 1,694 1,575 15 %
    Contingent Best Estimate (2C) Development Not Viable 21,539 19,965 3,652 3,319 17 %
    Contingent High Estimate (3C) Development Not Viable 33,503 30,964 5,363 4,802 16 %
    Resources Project
    Maturity Subclass    		 Heavy Crude Oil
    (Development Not Viable)    		 Chance of Development (%)
    Unrisked Risked
    Gross (Mbbl) Net (Mbbl) Gross (Mbbl) Net (Mbbl)
    Contingent Low Estimate (1C) Development Not Viable 2,069 1,950 310 293 15 %
    Contingent Best Estimate (2C) Development Not Viable 2,091 1,971 341 321 16 %
    Contingent High Estimate (3C) Development Not Viable 3,003 2,830 815 768 27 %

    The NSAI estimates have been risked, using the chance of development, to account for the possibility that the contingencies are not successfully addressed. Due to the early stage of development for the development unclarified resources, NSAI did not perform an economic analysis of these resources; as such, the economic status of these resources is undetermined and there is uncertainty that any portion of the contingent resources disclosed in this new release will be commercially viable to produce.

    Glossary

    bbl                barrels of oil
    Mbbl              thousand barrels of oil
    MMbbl            million barrels of oil

    Advisory and Caution Regarding Forward-Looking Information

    Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “target” or similar words suggesting future outcomes or statements regarding an outlook.

    Forward-looking information in this news release includes, but is not limited to, the Company’s belief that it has added to the ultimate potential of its portfolio; the anticipated economic life of its portfolio; expectations regarding future cash flow; the expectation that ARO on its December 31, 2024 balance sheet will indicate a reduction of approximately 35% versus December 31, 2023 and more than 50% since first assuming operatorship of its assets; business objectives and targets; organic and inorganic growth opportunities; the anticipated end of life for Valeura’s Thailand assets; the potential for adding reserves through the Wassana field redevelopment as well as through ongoing infill development, appraisal drilling, and exploration targets; statements related to the Company’s 2025 production guidance of 23.0 – 25.5 Mbbl/d; estimates of the Company’s RLI; timing for FID readiness on the potential Wassana field redevelopment; management’s anticipation of a higher production profile with longer field life from the Wassana field, should it opt to proceed with the redevelopment; forecast Brent crude oil reference prices; assumption of a single tax filing; estimated costs for the eventual decommissioning of its fields; the intention to disclose a summary of the NSAI 2024 Report to Thailand’s upstream regulator; the anticipated filing date of the Company’s annual information form along with its estimates of reserves and resources; and the timing of the investor and analyst webcast.

    In addition, statements related to “reserves” and “resources” are deemed to be forward-looking information

    as they involve the implied assessment, based on certain estimates and assumptions, that the resources can

    be discovered and profitably produced in the future.

    Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information is based on management’s current expectations and assumptions regarding, among other things: political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; ability to achieve extensions to licences in Thailand and Türkiye to support attractive development and resource recovery; future drilling activity on the required/expected timelines; the prospectivity of the Company’s lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; the impact of the Russian invasion of Ukraine; the impact of conflicts in the Middle East; royalty rates and taxes; management’s estimate of cumulative tax losses being correct; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to funds its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company’s reserves and contingent resources; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the availability and identification of mergers and acquisition opportunities; the ability to successfully negotiate and complete any mergers and acquisition opportunities; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; international trade policies; future debt levels; and the Company’s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company’s work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners’ plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company’s ability to manage growth; the Company’s ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; the risk that the Company’s tax advisors’ and/or auditors’ assessment of the Company’s cumulative tax losses varies significantly from management’s expectations of the same; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, including international treaties and trade policies; the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the most recent annual information form and management’s discussion and analysis of the Company for a detailed discussion of the risk factors.

    Certain forward-looking information in this news release may also constitute “financial outlook” within the meaning of applicable securities legislation. Financial outlook involves statements about Valeura’s prospective financial performance or position and is based on and subject to the assumptions and risk factors described above in respect of forward-looking information generally as well as any other specific assumptions and risk factors in relation to such financial outlook noted in this news release. Such assumptions are based on management’s assessment of the relevant information currently available, and any financial outlook included in this news release is made as of the date hereof and provided for the purpose of helping readers understand Valeura’s current expectations and plans for the future. Readers are cautioned that reliance on any financial outlook may not be appropriate for other purposes or in other circumstances and that the risk factors described above or other factors may cause actual results to differ materially from any financial outlook.

    The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

    Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network –

  • MIL-OSI Russia: 80 years since the liberation of Budapest

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    On February 13, 1945, the Budapest operation of Soviet troops during the Great Patriotic War ended, as a result of which the central regions of Hungary, including its capital, were liberated, and the puppet “Government of National Unity” lost power over the country.

    By the end of 1944, Germany’s position was already unenviable, it had to fight on three fronts: in Italy, France and against the Red Army rapidly advancing from the east. The defense of Budapest was of paramount importance, because its loss meant the loss of the last major source of oil, so Hitler even declared that it was better to surrender Berlin than to lose Hungarian oil. The Germans built three lines of defense around Budapest and significantly fortified the city itself, which was defended by Army Group South and the remnants of the Hungarian armed forces.

    The Soviet offensive on Budapest began on October 29. They failed to take the city on the move. The second attempt also met with fierce resistance. In December, the Germans even attempted to counterattack and pushed the Russians back in some areas of the front. However, on December 26, their forces were completely surrounded, with 188,000 people trapped in the cauldron. And they had no intention of surrendering; moreover, they shot the envoys sent with an ultimatum to capitulate. Their counterattacking tanks numbered 50-60 units per kilometer of front – a density of equipment unseen throughout the war. Having had the bloody experience of the Battle of Stalingrad and the Battle of Kursk, the Red Army responded with a deeply echeloned defense, effective reconnaissance, and preemptive strikes. The Germans were unable to break out of the encirclement, and in early February, their counteroffensive finally petered out in all directions.

    The heaviest urban battles in some areas began on January 18. That same day, our troops liberated about 70,000 Jews from the Budapest ghetto. Now, when the organized counteroffensive of the Germans had failed, they rushed out of Budapest chaotically and with particular despair. From the memoirs of Soviet Major General Andrei Kovtun-Stankevich:

    “Everyone takes part in the battle, including the telephone operators. Telephone operator Zoya Vasilchenko destroyed up to 15 fascists with a machine gun. The battalion captured more prisoners than it had personnel.”

    “The commander of the medical battalion, Krutilov, arrived and proudly handed me a “combat” report. It turns out that the medical battalion had fought a battle today, as a result of which 49 Germans were killed and 56 were taken prisoner. Everyone took part in the battle, including the wounded who were able to fire. Even the pharmacist, an elderly woman, fired a pistol.”

    On February 13, 1945, the German group in Budapest was finally liquidated. The commander, SS-Obergruppenführer Karl Pfeffer-Wildenbruch, dressed in a soldier’s uniform along with all the staff officers, surrendered on his own initiative to the head of the chemical service of the 180th rifle division, Major Skripin.

    In honor of this victory, a salute of 24 salvos from 324 guns was given in Moscow. The result of the successful operation was the complete liquidation of the enemy forces and the withdrawal of Hungary from the war. In addition, the advancement on the remaining sections of the Soviet-German front was noticeably facilitated by the transfer of German troops to Budapest. A threat was created to the Balkan group of the Wehrmacht, which was forced to accelerate its withdrawal from Yugoslavia.

    The State University of Management congratulates on this memorable date and recalls our scientific regiment – employees awarded the medal “For the capture of Budapest”:
    -Hero of the Soviet Union, Alexander Davydov, Guard Lieutenant Colonel, Deputy Head of the Nile MIE-MIU department from 1962 to 1985;
    -Gennady Belykh, Colonel, Head of the educational and methodological department of the MIU;
    -Peter Burov, Major Engineer, Vice-Rector for the Academic Affairs of MIEI from 1952 to 1962;
    -Ivan Steel, Major Engineer, chief of staff of the railway troops of the 3rd Ukrainian Front, associate professor of the Department of structures and structures of MIEI.

    Subscribe to the TG channel “Our GUU” Date of publication: 02/13/2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Canada: Refocusing continuing care for the future | Recentrer les soins continus pour l’avenir

    [. As their needs evolve, it is important that older adults and vulnerable populations have access to the support they need to maintain their quality of life and independence so they can age with dignity. Over the next 10 years, the demand for continuing care in Alberta is projected to grow by 80 per cent, increasing even faster as people live longer and with more complex needs.

    Alberta’s government is establishing Assisted Living Alberta – the new provincial continuing care agency – as part of the province’s health refocusing. This will ensure the province is well-positioned to meet the future needs that are anticipated with Alberta’s both growing and aging population. Assisted Living Alberta will provide Albertans access to a comprehensive system of continuing care with a full range of wraparound services, including medical and non-medical supports, home care, community care and social services. This transition will allow the province to place a holistic social service lens on assisted living services to deliver care more effectively and consistently throughout the province. By taking this approach, individuals and families will have more options when they need care and as their needs evolve, helping older adults and vulnerable populations maintain their quality of life and independence.

    “As the need for continuing care services in Alberta grows, I am committed to working with health, social services and continuing care professionals to transform the system and ensure the new provincial agency, Assisted Living Alberta, meets all Albertans’ needs. This change ensures Albertans have access to a full range of wraparound supports to meet their evolving needs and maintain their independence and quality of life as they age or require more support.”

    Jason Nixon, Minister of Seniors, Community and Social Services

    Assisted Living Alberta is on track to be established and become an entity by April 1, and will be fully operational by fall 2025. The new agency will align medical and non-medical supports and services, increase continuing care spaces, reduce wait times, and provide comprehensive wraparound supports for Albertans who require different levels and types of care. This includes both seniors in long-term care and those who want to continue aging at home but need supports to do so, as well as people with disabilities, individuals experiencing homelessness and other vulnerable Albertans who require temporary or long-term care. Refocusing Alberta’s health care system ensures all Albertans have access to the services and support they need, when and where they need it.

    “Improving health care services is a top priority for our government. We are committed to addressing the urgent need for enhanced assisted living services across our growing province. I look forward to working alongside the Ministry of Seniors, Community and Social Services to bring Albertans more options and the high quality of care they need close to home.”

    Adriana LaGrange, Minister of Health

    Albertans currently receiving care, and those who need care, will continue to have access to the services they need. A transition committee led by Dr. Sayeh Zielke, author, cardiologist and medical director of Chinook Cardiology, along with leaders from health care, continuing care, social services and other local organizations, will provide the minister with advice to support this transformation. Committee members were chosen based on their experience, diverse perspectives, leadership and background in the continuing care and social services space. The committee’s work will be essential to ensuring a smooth and seamless transition with no disruptions.

    “It is an honour to be playing a role in helping transform Alberta’s continuing care system. Our goal is to put patients and clients first and give our front-line workers the support they need, which is why it is so important that we are taking the time to gets things right and consulting directly with Albertans.” 

    Dr. Zielke, cardiologist and medical director of Chinook Cardiology and chair of the Assisted Living Transition Committee

    Albertans are invited to share their feedback, support the stand up of Assisted Living Alberta and help shape the future of continuing care through online engagement that will be open from Jan. 30 to March 3 at Alberta.ca/lead-the-way. Continuing care providers and health care and continuing care workers will also have an opportunity to provide feedback through targeted engagement that will be open at the same time. Albertans’ insights and perspectives will help lead the way in improving the system to ensure it meets Alberta’s needs today and for generations to come.  

    Alberta’s government is making significant strides in its efforts to refocus the health care system. Assisted Living Alberta will be the fourth and final new provincial health agency to be established and operational. Recovery Alberta officially began operations on Sept. 1, 2024, with Primary Care Alberta ready to follow suit and become operational on Feb. 1, 2025. On the same date, Acute Care Alberta is set to become a legal entity. By creating four provincial health agencies to oversee the priority sectors of primary care, acute care, continuing care, and mental health and addiction, the province is putting patients first in every health care decision and giving front-line experts the support they need to properly care for Albertans.

    “The Alberta Continuing Care Association welcomes this transformational move by the Alberta government. By bringing social services, medical and non-medical supports, and continuing care together under one health agency, patients will be able to access wraparound supports for the care and services they need.”

    Feisal Keshavjee, chair, Alberta Continuing Care Association

    “Integrated health and social care enhances outcomes, aligns with the preferences of older adults, caregivers and practitioners, and underpins leading continuing care models. Healthy Aging Alberta and the United Way of Calgary congratulate the ministry on this exciting transition and look forward to supporting an integrated wraparound model of continuing care in Alberta.”

    Karen McDonald, provincial director, Healthy Aging Alberta 

    Transition committee members

    • Dr. Sayeh Zielke, committee chair – cardiologist and medical director of Chinook Cardiology
    • MLA Brandon Lunty, deputy chair – MLA for Leduc-Beaumont
    • Dr. David Stewart, member – physician, Family Medical Centre
    • David Weyant, member – president and CEO, Alberta Lawyers Indemnity Association
    • Robin James, member – chief administrative officer, Lethbridge Housing Authority
    • Feisal Keshavjee, member – board chair, Alberta Continuing Care Association
    • Karen McDonald, member – provincial director, Healthy Aging Alberta (and executive director, Sage)
    • Andrea Hesse, member – CEO, Alberta Council of Disability Services
    • Joyce Wicks, member – former nurse and seniors advocate
    • Ruben Breaker, member – councillor, Siksika First Nation
    • Arlene Adamson, member – former CEO, Silvera for Seniors
    • Salimah Walji-Shivji, member – KC, CEO, AgeCare
    • Irene Martin-Lindsay – member, executive director, Alberta Seniors and Community Housing Association

    Related news

    • Continuing care: Ministers LaGrange and Nixon (Oct 16, 2024)

    Related information

    • Refocusing health care in Alberta
    • Continuing Care Transformation
    • Online survey for feedback on Alberta’s continuing care system

    Multimedia

    • Watch the news conference
    • Listen to the news conference

    Dans le cadre du recentrage des soins de santé, le gouvernement de l’Alberta procède à l’établissement d’Assisted Living Alberta, l’organisme provincial des soins continus.

    D’ici 2046, un Albertain sur cinq aura 65 ans ou plus. À mesure que les besoins évoluent, il est important que les adultes plus âgés et les populations vulnérables aient accès au soutien nécessaire pour maintenir leur qualité de vie et leur indépendance afin de vieillir avec dignité. Au cours des 10 prochaines années, on prévoit que la demande de soins continus en Alberta augmentera de 80 %, puis encore plus rapidement à mesure que les gens vivent plus longtemps et avec des besoins plus complexes.

    Le gouvernement de l’Alberta établit Assisted Living Alberta, le nouvel organisme provincial des soins continus, dans le cadre du recentrage des soins de santé. Cette initiative a pour but de s’assurer que la province est bien placée pour répondre aux besoins futurs prévus en raison de la population croissante et vieillissante de l’Alberta. Assisted Living Alberta fournira l’accès à un système global de soins continus doté d’une gamme complète de services intégrés, notamment des soutiens médicaux et autres, des soins à domicile, des soins communautaires et des services sociaux. Cette transition permettra à la province de mettre en place des services d’aide à l’autonomie sous l’angle holistique des services sociaux afin de fournir des soins de manière plus efficace et plus cohérente partout en Alberta. En adoptant cette approche, les personnes et les familles auront plus de choix lorsqu’elles auront besoin de soins et à mesure que leurs besoins évolueront, ce qui aidera les adultes plus âgés et les populations vulnérables à conserver leur qualité de vie et leur indépendance.

    « À mesure que les besoins en soins continus augmentent en Alberta, je suis résolu à travailler avec les professionnels de la santé, des services sociaux et des soins continus pour transformer le système et veiller à ce que le nouvel organisme, Assisted Living Alberta, satisfasse à tous les besoins des Albertaines et des Albertains. Grâce à ce changement, la population aura accès à une gamme complète de soins intégrés pour répondre à ses besoins en évolution constante et conserver son indépendance et sa qualité de vie à mesure qu’elle vieillit et exige davantage de soutien. »

    Jason Nixon, ministre des Personnes âgées et des Services communautaires et sociaux

    Assisted Living Alberta est en bonne voie d’être établi d’ici le 1er avril, et sera entièrement opérationnel d’ici l’automne 2025. Ce nouvel organisme harmonisera les soutiens et les services, médicaux et autres, augmentera les espaces de soins continus, réduira les temps d’attente et fournira des soutiens intégrés complets aux Albertaines et aux Albertains qui exigent différents niveaux et types de soins. Ceci comprend les personnes âgées dans des établissements de soins de longue durée et celles qui veulent continuer de vieillir chez elles, mais ont besoin de soutiens pour ce faire, ainsi que les personnes handicapées, les personnes en situation d’itinérance et d’autres personnes vulnérables nécessitant des soins temporaires ou de longue durée. Le recentrage des soins de santé en Alberta permet aux Albertaines et aux Albertains d’avoir accès aux services et au soutien nécessaires, au moment et à l’endroit où ils en ont besoin.

    « L’amélioration des services de soins de santé est une priorité absolue pour notre gouvernement. Nous sommes déterminés à satisfaire au besoin urgent de services d’aide à la vie autonome améliorés partout dans notre province, dont la population augmente continuellement. Je me réjouis de travailler aux côtés du ministre des Personnes âgées et des Services communautaires et sociaux pour offrir aux Albertaines et aux Albertains un plus grand choix et la grande qualité de soins pour rester près de chez eux. »

    Adriana LaGrange, ministre de la Santé

    Les Albertains qui reçoivent actuellement des soins, et ceux qui exigent des soins continueront d’avoir accès aux services nécessaires. Un comité de transition dirigé par la Dre Sayeh Zielke, autrice, cardiologue et directrice médicale de Chinook Cardiology, ainsi que des chefs de fils des soins de santé, des soins continus, des services sociaux et d’autres organisations locales, conseilleront la ministre à l’appui de cette transformation. Les membres du comité ont été choisis en fonction de leur expérience, de leurs divers points de vue et de leurs antécédents dans le domaine des soins continus et des services sociaux. Le travail du comité sera essentiel pour ce qui est d’assurer une transition sans heurt et sans interruption.

    « C’est un honneur de contribuer à transformer le système de soins continus en Alberta. Notre objectif est de donner la priorité aux patients et aux clients et d’apporter à nos travailleurs de première ligne le soutien nécessaire. C’est pourquoi il est si important que nous prenions le temps de bien faire les choses et de consulter directement les Albertaines et les Albertains. » 

    Dre Zielke, cardiologue et directrice médicale de Chinook Cardiology, et présidente du comité de transition d’aide à la vie autonome

    Les Albertains sont invités à faire part de leur rétroaction, à soutenir l’établissement d’Assisted Living Alberta et à contribuer à façonner l’avenir des soins continus par l’intermédiaire de l’engagement en ligne qui sera accessible du 30 janvier au 3 mars à Alberta.ca/lead-the-way. Les fournisseurs de soins continus et les travailleurs de la santé et des soins continus auront également l’occasion de donner leur opinion dans le cadre d’un engagement ciblé pendant la même période. Les idées et les points de vue de la population albertaine aideront à ouvrir la voie vers l’amélioration du système en veillant à ce qu’il réponde aux besoins actuels et des générations à venir.  

    Le gouvernement de l’Alberta fait des progrès considérables dans le recentrage des soins de santé. Assisted Living Alberta sera le quatrième et dernier organisme de santé provincial à être établi et opérationnel. Recovery Alberta a officiellement lancé ses activités le 1er septembre 2024. Primary Care Alberta lui emboîte le pas et entrera en fonction le 1er février 2025. Acute Care Alberta deviendra une entité juridique à la même date. En créant quatre organismes de santé provinciaux pour superviser les secteurs prioritaires des soins primaires, des soins actifs, des soins continus et de la santé mentale et des dépendances, la province accorde la priorité aux patients dans chaque décision en matière de santé et donne aux experts de première ligne le soutien nécessaire pour s’occuper des Albertains comme il se doit.

    « L’Alberta Continuing Care Association se réjouit de cette transformation effectuée par le gouvernement de l’Alberta. En réunissant sous un même organisme les services sociaux, les soutiens médicaux et autres et les soins continus, les patients pourront avoir accès aux soutiens intégrés dont ils ont besoin sur le plan des soins et des services. »

    Feisal Keshavjee, président, Alberta Continuing Care Association

    « L’intégration des soins de santé et des services sociaux améliore les résultats, correspond aux préférences des adultes plus âgés, des soignants et des praticiens, et sous-tend des modèles de soins continus de pointe. Healthy Aging Alberta et Centraide Calgary félicitent le ministère de cette transition emballante, et ont hâte d’appuyer un modèle intégré de soins continus en Alberta. »

    Karen McDonald, directrice provinciale, Healthy Aging Alberta

    Membres du comité de transition

    • Dre Sayeh Zielke, présidente du comité – cardiologue et directrice médicale de Chinook Cardiology
    • Brandon Lunty, député provincial et vice-président – député de Leduc-Beaumont
    • Dr David Stewart, membre – médecin, Family Medical Centre
    • David Weyant, membre – PDG, Alberta Lawyers Indemnity Association
    • Robin James, membre – directeur municipal, Lethbridge Housing Authority
    • Feisal Keshavjee, membre – président du conseil, Alberta Continuing Care Association
    • Karen McDonald, membre – directrice, Healthy Aging Alberta (et directrice générale, Sage)
    • Andrea Hesse, membre – directrice générale, Alberta Council for Disability Services
    • Joyce Wicks, membre – ancienne infirmière et défenseure des personnes âgées
    • Ruben Breaker, membre – conseiller, Première Nation Siksika
    • Arlene Adamson, membre – ancienne chef de la direction, Silvera for Seniors
    • Salimah Walji-Shivji, membre – chef de la direction, AgeCare
    • Irene Martin-Lindsay – membre, directrice générale, Alberta Seniors and Community Housing Association

    Nouvelles connexes

    • Continuing care: Ministers LaGrange and Nixon (Soins continus : ministre LaGrange et Nixon (16 octobre 2024)

    Renseignements connexes

    • Refocusing health care in Alberta (Recentrer les soins de santé en Alberta)
    • Continuing Care Transformation (Transformation des soins continus)
    • Online survey for feedback on Alberta’s continuing care system (Sondage en ligne pour obtenir de la rétroaction au sujet du système de soins continus)

    Multimédia

    • Regarder la conférence de presse

    Translations

    • Arabic
    • Simplified Chinese
    • Traditional Chinese
    • Punjabi
    • Spanish
    • Ukrainian

    MIL OSI Canada News –

  • MIL-OSI Economics: Secretary-General of ASEAN delivers Keynote Address during the Opening Session of the ASEAN Outlook on the Indo-Pacific (AOIP) Seminar Series: Submarine Cables

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today delivered the keynote address at the ASEAN Outlook on the Indo-Pacific (AOIP) Seminar Series: Submarine Cables, held at the Sheraton Grand Jakarta Gandaria City Hotel.  Dr. Kao highlighted the positive progress in the implementation of the AOIP and also emphasised how the AOIP fosters cooperation between ASEAN and its partners in an inclusive manner. He expressed confidence that the seminar would serve as an effective platform to generate concrete recommendations to advance the implementation of the AOIP, including through practical cooperation with partners across the Indo-Pacific region.

    Download the full keynote address here.

    The post Secretary-General of ASEAN delivers Keynote Address during the Opening Session of the ASEAN Outlook on the Indo-Pacific (AOIP) Seminar Series: Submarine Cables appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI: Notice convening the Annual General Meeting of Siili Solutions Plc

    Source: GlobeNewswire (MIL-OSI)

    Notice convening the Annual General Meeting of Siili Solutions Plc

    Siili Solutions Plc Stock Exchange Release 13 February 2025 at 9:10 a.m. (Finnish time)

    The shareholders of Siili Solutions Plc are invited to the Annual General Meeting to be held on Tuesday, 8 April 2025 starting at 2:00 p.m. (Finnish time) at the address Töölönlahdenkatu 2, FI-00100 Helsinki, Finland (event venue Eliel, Sanomatalo). The reception of persons who have registered for the meeting and the distribution of voting tickets will commence at the meeting venue at 1:30 p.m. (Finnish time).

    Shareholders may also exercise their voting rights by voting in advance. Further information on advance voting is presented in section C. 2. of this meeting notice.

    Shareholders can follow the General Meeting via a video stream. Other persons than the Company’s shareholders are also welcome to follow the video stream. Instructions on how to follow the video stream are available on the Company’s website at the address https://sijoittajille.siili.com/general-meeting2025. It is not possible to pose any other questions than those referred to below in this section, make counterproposals, otherwise speak or vote via the video stream. Following the meeting via the video stream or asking questions as referred to below shall not be considered as participation in the General Meeting or as the exercise of shareholder rights. Persons who follow the video stream may ask questions or make comments to the CEO in writing during the CEO’s review in agenda item 6. through the chat functionality. A recording of the video stream will be available on the Company’s website after the General Meeting, no later than on 22 April 2025.

    A. MATTERS ON THE AGENDA OF THE GENERAL MEETING

    The General Meeting shall consider the following matters:

    1. Opening of the meeting
    1. Calling the meeting to order
    1. Election of the persons to scrutinise the minutes and the persons to supervise the counting of votes
    1. Recording the legality of the meeting
    1. Recording the attendance at the meeting and adoption of the list of votes
    1. Presentation of the financial statements, including the consolidated financial statements, the report of the Board of Directors, the auditor’s report and the assurance report on sustainability reporting for the year 2024
    • Presentation of the CEO’s review.

    The annual report, including the report of the Board of Directors, the consolidated financial statements, the financial statements of the parent company, the auditor’s report and the assurance report on sustainability reporting will be available on the Company’s website at https://sijoittajille.siili.com/general-meeting2025 at the latest on 14 March 2025.

    1. Adoption of the financial statements, including the consolidated financial statements
    1. Resolution on the use of the profit shown on the balance sheet and the distribution of dividend

    The Board of Directors proposes to the General Meeting that, based on the adopted balance sheet for the financial period 2024, a dividend of EUR 0,18 per share be paid from the Company’s distributable funds, i.e., approximately EUR 1.46 million in total based on the status of the date of this meeting notice, and that the rest of the distributable funds be retained in equity. 

    The dividend shall be paid to shareholders who on the dividend record date 10 April 2025 are registered in the Company’s shareholders’ register held by Euroclear Finland Oy. The Board of Directors proposes that the dividend be paid on 17 April 2025.

    1. Resolution on the discharge of the members of the Board of Directors and the CEO from liability
    1. Consideration of the Remuneration Report for Governing Bodies

    The remuneration report for governing bodies is available on the Company’s website at the address https://sijoittajille.siili.com/general-meeting2025 at the latest on 14 March 2025.

    1. Resolution on the remuneration of the members of the Board of Directors

    The Shareholders’ Nomination Board proposes that the remuneration of the members of the Board of Directors would remain unchanged and be as follows:

    The Chair of the Board of Directors is paid EUR 3,850 per month, the Deputy Chair EUR 2,500 per month, the Chair of the Audit Committee EUR 2,500 per month and other members EUR 2,000 per month. The Chairs of the Board of Directors’ Committees are paid EUR 200 per month for their work on the Committee, in addition to which all Committee members are paid a meeting fee of EUR 300 per meeting. In addition, the members of the Board of Directors receive compensation for travel expenses in line with the Company’s business travel policy.

    1. Resolution on the number of members of the Board of Directors

    The Shareholders’ Nomination Board proposes that five (5) members be elected to the Board of Directors.

    1. Election of the members of the Board of Directors

    The Shareholders’ Nomination Board proposes the re-election of the current members of the Board of Directors for the next term of office Harry Brade, Jesse Maula, Katarina Cantell and Henna Mäkinen. Tero Ojanperä has informed that he does not stand for re-election to the Board of Directors.

    Consequently, the Nomination Board proposes that Sebastian Nyström shall be elected as new member of the Board of Directors.

    Sebastian Nyström, b. 1974, M.Sc., acts currently as S-Group’s Chief Transformation Officer and EVP, Loyalty, IT and Digital Development. Prior to his current role, Nyström has acted e.g. as S-Group’s EVP Strategy & M&A, as well as in other leading roles in Nokia Corporation over the past 20 years.

    The term of office of the members lasts until the end of the next Annual General Meeting. All persons proposed have given their consent to the election.

    Background information on each person proposed for the Board of Directors is available on the website of Siili Solutions Plc at https://sijoittajille.siili.com/en.

    The proposed members Jesse Maula, Henna Mäkinen, Katarina Cantell and Sebastian Nyström are considered independent of the Company and its significant shareholders. Harry Brade is independent of the Company but non-independent of its significant shareholder Lamy Oy.

    In addition, the Shareholders’ Nomination Board recommends to the Board of Directors that it re-elects Harry Brade as its Chair and Jesse Maula as Deputy Chair.

    In the selection of the Board member candidates, the Nomination Board has emphasized relevant experience and competence of the candidates, especially considering the strategic objectives of the company. Further, in its selection process the Nomination Board has considered the diversity of the Board.

    With regard to the selection procedure of the members of the Board of Directors, the Nomination Board recommends that shareholders take a position on the proposal as a whole at the General Meeting. The Nomination Board, in addition to ensuring that individual nominees for membership of the Board of Directors possess the required competences, is also responsible for making sure that the proposed Board of Directors as a whole also has the best possible expertise and experience for the Company and that the composition of the Board of Directors also meets other requirements of the Finnish Corporate Governance Code for listed companies.

    1. Resolution on the remuneration of the auditor

    The Board of Directors proposes upon proposal of the Audit Committee that the auditor of the Company be paid remuneration in accordance with the auditor’s reasonable invoice approved by the Company.

    1. Election of the auditor

    The Board of Directors proposes upon proposal of the Audit Committee that audit firm KPMG Oy Ab be re-elected as the Company’s auditor for the following term of office. KPMG Oy Ab has stated that if it is elected as the Company’s auditor, Leenakaisa Winberg, APA, will continue as the principal auditor.

    1. Resolution on the remuneration of the sustainability reporting assurer

    The Board of Directors proposes upon proposal of the Audit Committee that the sustainability reporting assurer of the Company be paid remuneration in accordance with the sustainability reporting assurer’s reasonable invoice approved by the Company.

    1. Election of the sustainability reporting assurance provider

    The Board of Directors proposes upon proposal of the Audit Committee that authorised sustainability audit firm KPMG Oy Ab be elected as the Company’s sustainability reporting assurance provider for the following term of office. KPMG Oy Ab has stated that if it is elected as the Company’s sustainability reporting assurance provider, Leenakaisa Winberg, ASA, will continue as the principal sustainability auditor.

    1. Authorisation of the Board of Directors to resolve on the repurchase and/or on the acceptance as pledge of own shares

    The Board of Directors proposes that the General Meeting authorises the Board of Directors to resolve on the repurchase and/or acceptance as pledge of the Company’s own shares under the following terms and conditions:

    Using the Company’s unrestricted equity, a maximum of 814,000 shares may be repurchased and/or accepted as pledge in one or more tranches, which corresponds to approximately 10% of all shares in the Company.

    The shares will be repurchased in trading on Nasdaq Helsinki Oy’s regulated market at a price formed in public trading on the date of repurchase. The Company’s own shares shall be repurchased to be used for carrying out acquisitions or implementing other arrangements related to the Company’s business, for optimising the Company’s capital structure, for implementing the Company’s incentive scheme or otherwise to be transferred further or cancelled.

    Own shares can be repurchased otherwise than in proportion to the shareholdings of the shareholders (directed repurchase). The share purchase will decrease the Company’s distributable unrestricted equity. The Board of Directors resolves on all other terms and conditions for the repurchase and/or acceptance as pledge of the Company’s own shares.

    The authorisation is proposed to remain in force until the end of the next Annual General Meeting, however no later than until 30 June 2026. The authorisation shall revoke earlier unused authorisations to resolve on the repurchase and/or acceptance as pledge of the Company’s own shares.

    1. Authorisation of the Board of Directors to resolve on a share issue and the issuance of special rights entitling to shares

    The Board of Directors proposes that the General Meeting authorise the Board of Directors to resolve on the issuance of shares and the issuance of special rights entitling to shares within the meaning of chapter 10, section 1 of the Finnish Limited Liability Companies Act in one or more tranches either against consideration or free of consideration.

    The number of shares to be issued, including shares received on the basis of the special rights shall not exceed a maximum of 814,000 shares, which corresponds to approximately 10% of all shares in the Company. The Board of Directors may resolve either to issue new shares or to transfer treasury shares held by the Company.

    The authorisation entitles the Board of Directors to resolve on all terms of the share issue and the issuance of special rights entitling to shares, including the right to deviate from the shareholders’ pre-emptive subscription right (directed issue). The authorisation may be used to strengthen the Company’s balance sheet and financial position, to pay purchase prices for acquisitions, in share-based incentive schemes or for other purposes resolved by the Board of Directors.

    The total maximum number of shares to be issued for the purpose of share-based incentive schemes is 162,800 shares, which corresponds to approximately 2.0% of all the shares in the Company. For the avoidance of doubt, the above maximum number of shares intended for the incentive schemes is included in the maximum number of the issuance authorisation referred to above.

    Based on the authorisation, the Board of Directors is also authorised to resolve on a share issue directed to the Company itself, provided that the number of shares held by the Company after the issue would be a maximum of 10% of all the shares in the Company. This number includes all the Company’s own shares held by the Company and its subsidiaries in the manner provided for in chapter 15, section 11(1) of the Limited Liability Companies Act.

    The authorisation is proposed to remain in force until the end of the next Annual General Meeting, however no later than until 30 June 2026. The authorisation shall revoke earlier authorisations concerning share issues and the issuance other special rights entitling to shares.

    1. Closing the meeting

    B. DOCUMENTS OF THE GENERAL MEETING

    This notice of the General Meeting, which includes all the resolution proposals of the Board of Directors and the Shareholders’ Nomination Board on the agenda of the General Meeting, is available on Siili Solutions Plc’s website at the address https://sijoittajille.siili.com/general-meeting2025 as of 13 February 2025. Siili Solutions Plc’s annual report for the year 2024, including the report of the Board of Directors, the consolidated financial statements, the financial statements of the parent company, the auditor’s report and the assurance report on sustainability reporting and the remuneration report for governing bodies will be available on said website at the latest as of 14 March 2025. The resolution proposals and other documents mentioned above will also be made available at the General Meeting.

    The minutes of the General Meeting will be available on the above website at the latest on 22 April 2025.

    C. INSTRUCTIONS FOR MEETING PARTICIPANTS

    1. Shareholders registered in the shareholders’ register

    Shareholders who are registered in the Company’s shareholders’ register held by Euroclear Finland Oy on 27 March 2025 (the record date of the General Meeting) have the right to participate in the General Meeting. A shareholder whose shares are registered on the shareholder’s Finnish book-entry account is registered in the shareholders’ register of the Company.

    The registration period for the General Meeting commences on 14 February 2025 at 10:00 a.m. (Finnish time). A shareholder who is registered in the shareholders’ register of the Company and wishes to participate in the General Meeting shall register no later than on 1 April 2025 at 4:00 p.m. (Finnish time), by which time the registration must be received. A shareholder can register for the General Meeting by one of the following means:

    a) Via the Company’s website at the address https://sijoittajille.siili.com/general-meeting2025. Electronic registration requires strong identification of the shareholder or their legal representative or proxy representative with a Finnish, Swedish or Danish bank ID or a mobile certificate.

    b) By email to the address agm@innovatics.fi. In the email, registering shareholders must submit the registration and advance voting form available on the Company’s website at the address https://sijoittajille.siili.com/general-meeting2025 or equivalent information.

    The requested information, such as the shareholder’s name, date of birth or business ID and contact information (telephone number and/or email address) as well as the name of the shareholder’s assistant and/or the name, date of birth and contact information (telephone number and/or email address) of proxy representative, if any, must be provided in connection with the registration. The personal data disclosed by the shareholders to Siili Solutions Plc, Innovatics Ltd or Inderes Oyj is only used in connection with the General Meeting and the processing of the necessary registrations related thereto.

    Changes in shareholding after the record date of the General Meeting do not affect the right to participate in the General Meeting or the number of votes of the shareholder.

    Upon request, shareholders, their representatives or proxy representatives must be able to prove their identity and/or right of representation at the meeting venue.

    Further information on registration and advance voting is available by telephone during the registration period of the General Meeting by calling Innovatics Ltd at +358 10 2818 909 between 9:00 a.m. and 12:00 p.m. and 1:00 p.m. and 4:00 p.m. (Finnish time) on business days.

    1. Advance voting

    A shareholder whose shares are registered on the shareholder’s personal Finnish book-entry account may vote in advance on certain items on the agenda between 14 February 2025 at 10:00 a.m. (Finnish time) and 1 April 2025 at 4:00 p.m. (Finnish time) in the following ways:

    1. Via the service available on the Company’s website at the address https://sijoittajille.siili.com/general-meeting2025. Shareholders can sign into the advance voting service the same way as to the online registration service referred to above in section C. 1. a) of these instructions.
    1. By email by submitting the advance voting form available on the Company’s website or equivalent information to Innovatics Ltd at agm@innovatics.fi.

    Advance votes must be received by the time the advance voting ends. The submission of votes via the service available on the Company’s website or by email before the end of the registration and advance voting period shall be considered as registration for the General Meeting, provided that it contains the above information required for registration.

    Proposals for resolutions that are subject to advance voting are considered to have been presented unchanged in the General Meeting, and the advance votes are taken into account in a possible vote held at the general meeting venue also in circumstances where an alternative proposal for resolution has been made in the relevant matter. For the advance votes to be considered, the shareholder must be registered in the Company’s shareholder register maintained by Euroclear Finland Oy on the record date of the General Meeting. A shareholder who has voted in advance cannot exercise the right to ask questions or demand a vote under the Limited Liability Companies Act unless they participate in the General Meeting at the meeting venue in person or by proxy representative.  

    Instructions for advance voting will be available on the Company’s website at https://sijoittajille.siili.com/general-meeting2025.

    With respect to holders of nominee-registered shares, the advance voting is carried out by the account operators. The account operators may vote in advance on behalf of the holders of nominee-registered shares they represent in accordance with the relevant shareholders’ voting instructions during the registration period applicable to holders of nominee-registered shares.

    1. Holder of nominee-registered shares

    Holders of nominee-registered shares have the right to participate in the General Meeting by virtue of shares, based on which they would be entitled to be registered in the shareholders’ register of the Company held by Euroclear Finland Oy on the record date of the General Meeting, 27 March 2025. In addition, the right to participate in the General Meeting requires that the holders of nominee-registered shares be temporarily entered into the shareholders’ register held by Euroclear Finland Oy based on these shares by 3 April 2025 at 10:00 a.m. (Finnish time) at the latest. As regards nominee-registered shares, this constitutes due registration for the General Meeting. Changes in shareholding after the record date of the General Meeting do not affect the right to participate in the General Meeting or the number of votes of the shareholder.

    Holders of nominee-registered shares are advised to ask their custodian bank in good time for the necessary instructions regarding temporary registration in the Company’s shareholders’ register, the issuing of proxy documents and voting instructions, registration for and participation in the General Meeting as well as advance voting. The account manager of the custodian bank shall temporarily register a holder of nominee-registered shares who wishes to participate in the Annual General Meeting into the shareholders’ register of the Company at the latest by the time stated above. When necessary, the account manager of the custodian bank shall also arrange advance voting on behalf of the holder of nominee-registered shares before the end of the registration period for holders of nominee-registered shares.

    1. Proxy representative and powers of attorney

    A shareholder may participate in the General Meeting and exercise their rights at the meeting by way of a proxy representation. A shareholder’s proxy representative may also elect to vote in advance as described in section C. 2. of these instructions if they so wish.

    The proxy representative shall produce a dated proxy document, or otherwise in a reliable manner prove that the proxy representative is entitled to represent the shareholder at the General Meeting. If a shareholder participates in the General Meeting through several proxies representing the shareholder with shares held in different book-entry accounts, the shares on the basis of which each proxy representative represents the shareholder shall be identified in connection with the registration.

    A proxy template will be available on the Company’s website at https://sijoittajille.siili.com/general-meeting2025.

    Any proxy documents are requested to be submitted preferably as an attachment with the electronic registration or alternatively by mail to Innovatics Oy, General Meeting / Siili Solutions Plc, Ratamestarinkatu 13 A, FI-00520 Helsinki or by email to agm@innovatics.fi before the end of the registration period, by which the proxy documents must be received. In addition to submitting proxy documents, a shareholder or the shareholder’s proxy representative shall register for the General Meeting in the manner described above in this notice.

    As an alternative to a traditional proxy document, a shareholder may authorise a proxy representative by using the Suomi.fi e-authorisation service. The proxy representative is authorised via the Suomi.fi service at www.suomi.fi/e-authorizations (authorisation for ‘Representation at the General Meeting’). When registering for the General Meeting service, the proxy representative must identify themselves by using strong electronic identification, after which the proxy representative can register and vote in advance on behalf of the shareholder the proxy representative represents. Strong electronic identification requires a Finnish, Swedish or Danish bank ID or a mobile certificate. For more information on e-authorisation, please see www.suomi.fi/e-authorizations. The Suomi.fi service can also be used in another way than by authorising a proxy via the authorisation for ‘Representation at the General Meeting’ alternative. For example, a CEO can register the company he/she represents for the General Meeting by using the Suomi.fi service without a separate proxy.

    1. Other instructions/information

    The meeting language is Finnish.

    Pursuant to chapter 5, section 25 of the Limited Liability Companies Act, shareholders who are present at the General Meeting at the meeting venue have the right to request information with respect to the matters to be considered at the meeting.

    On the date of this notice to the General Meeting, Siili Solution Plc has a total of 8,140,263 shares, which represent the same number of votes. On the date of the notice, the Company holds 27,954 treasury shares that do not entitle to participation in the General Meeting according to the Limited Liability Companies Act. 

    Helsinki, 13 February 2025

    SIILI SOLUTIONS PLC

    Board of Directors

    For more information:

    General Counsel, Taru Kovanen

    Phone: +358 (0)40 4176 221, email: taru.kovanen(at)siili.com

    Distribution

    Nasdaq Helsinki Ltd
    Principal media
    www.siili.com

    Siili Solutions in brief

    Siili Solutions Plc is a forerunner in AI-powered digital development. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Our main markets are Finland, the Netherlands, the United Kingdom, and Germany. Siili Solutions Plc’s shares are listed on the Nasdaq Helsinki Stock Exchange. Siili has grown profitably since its founding in 2005. www.siili.com/en

    The MIL Network –

  • MIL-OSI: The Board of Directors of Siili Solutions Plc established a matching share plan for key employees and resolved on a new performance period for the performance share plan

    Source: GlobeNewswire (MIL-OSI)

    The Board of Directors of Siili Solutions Plc established a matching share plan for key employees and resolved on a new performance period for the performance share plan  

    Siili Solutions Plc Stock Exchange Release 13 February 2025 at 9:15 EET

    Matching Share Plan 2025–2027
                                                                                                                                                   
    The Board of Directors of Siili Solutions Plc has resolved to establish a Matching Share Plan directed to the key employees of the Group. The purpose of the plan is to commit the key employees to the company and to offer them a competitive incentive plan that is based on acquiring and accumulating Siili Solutions shares as well as to encourage them to personally invest in the company’s shares. The plan also aims to align the interests of the shareholders and the key employees to increase the value of the company in the long term.

    The Matching Share Plan 2025–2027 consists of one (1) matching period, which covers the years 2025–2027. The prerequisite for participation in the plan and receiving a reward is that a participant personally has acquired Siili Solutions shares within the limits set by the Board of Directors. Furthermore, payment of the reward is based on the participant’s valid employment or director contract upon reward payment. The potential rewards from the plan will be paid after the end of the matching period.

    The target group of the matching period 2025–2027 consists of approximately 30 key employees, including the CEO and members of the Management Team. As a reward for their commitment, Siili Solutions grants the participants a gross reward of two (2) matching shares for every three (3) shares committed to the plan. The rewards will be paid by the end of May 2028.

    Performance period 2025–2027 of the Performance Share Plan 2023–2027

    The Board of Directors of Siili Solutions Plc established the Performance Share Plan 2023–2027 for the key employees of the company in 2023. The Performance Share Plan 2023–2027 comprises three performance periods, covering the calendar years 2023–2025, 2024–2026 and 2025–2027. The key terms of the Performance Share Plan 2023–2027 were published in a stock exchange release on 24 January 2023.

    The Board of Directors of Siili Solutions has resolved on the target group, the amount of the possible rewards and the performance criteria for the performance period 2025–2027.

    During the performance period 2025–2027, the earning of rewards is based on the following performance criteria:

    • Revenue (EUR) in 2025 (weight 40%);
    • EBITA (EUR) in 2025 (weight 60%);
    • Development of shareholder value (TSR) in 2025–2027.

    The target group of the Performance Share Plan during the performance period 2025–2027 consists of approximately 45 key employees, including the Group’s CEO and Management Team. The rewards will be paid by the end of May 2028.

    General

    The rewards to be paid based on the Matching Share Plan 2025-2027 and Performance Share Plan’s performance period 2025-2027 correspond to the value of approximately 160,000 Siili Solutions Plc shares in maximum total, also including the portion to be paid in cash.

    The rewards of the Matching Share Plan and the Performance Share Plan will be paid partly in Siili Solutions Plc shares and partly in cash. The cash proportions of the rewards are intended to cover taxes and social security contributions arising from the rewards to the participants. In general, no reward is paid if the participant’s employment or director contract terminates during the performance period or the matching period.

    A member of the Management Team is obliged to hold all the net shares paid to them under the new plans until the value of their total shareholding in the company corresponds to half of their annual salary. Such number of shares must be held as long as the membership in the Management Team continues.

    Further information

    CEO Tomi Pienimäki
    Phone: +358 (0)40 834 1399, email: tomi.pienimaki(at)siili.com

    CFO Aleksi Kankainen
    Phone: +358 (0)40 534 2709, email: aleksi.kankainen(at)siili.com

    Distribution

    Nasdaq Helsinki Ltd

    Main media

    www.siili.com/en


    Siili Solutions in brief
     Siili Solutions Plc is a forerunner in AI-powered digital development. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Our main markets are Finland, the Netherlands, the United Kingdom, and Germany. Siili Solutions Plc’s shares are listed on the Nasdaq Helsinki Stock Exchange. Siili has grown profitably since its founding in 2005. www.siili.com/en

    The MIL Network –

  • MIL-OSI Europe: Swiss Consumer Price Index in January 2025 – Consumer prices fell by 0.1% in January

    Source: Switzerland – Department of Home Affairs

    The consumer price index (CPI) fell by 0.1% in January 2025 compared with the previous month to 106.8 points (December 2020 = 100). Inflation was +0.4% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

    MIL OSI Europe News –

  • MIL-OSI Russia: NSU scientists have come up with a way to fix urban infrastructure defects using artificial intelligence

    Translartion. Region: Russians Fedetion –

    Source: Novosibirsk State University – Novosibirsk State University –

    Employees Center for Artificial Intelligence of Novosibirsk State University (NSU Center for Information Technologies) received a patent for a utility model of an electronic computing device for detecting defects in urban infrastructure and making decisions on how to eliminate them.

    — In essence, this is a hybrid boxed solution, which is an intelligent system that, using video recording cameras installed in the city and a specially trained neural network, can identify various defects in urban infrastructure and utility lines with great accuracy (non-working light poles or traffic lights, potholes in the roads, etc.), and then, using a logical-semantic block, formulate a solution to eliminate these problems, — said one of the authors of the development, head of the research department of the Sigma project at the NSU Center for Information Technologies, PhD in Physics and Mathematics Andrey Nechesov.

    “Sigma” is a flagship project, a framework for developing digital twins of smart cities, which allows integrating other practical implementations using the API mechanism. As emphasized by the NSU Center for Informatics, the framework is not only an engineering solution, but also a very serious scientific project based on the achievements of the Siberian school of artificial intelligence, headed by academicians of the Russian Academy of Sciences Yu. L. Ershov and S. S. Goncharov.

    The success of ChatGPT and DeepSeek and other large language models (LLM) has generated a lot of interest in this area. LLM capabilities are constantly growing, and today they are already solving a number of important problems. Of course, this is a huge success, but there is a downside to the models themselves – the black box problem, the hallucination problem, the audit problem, deepfakes, and so on. Therefore, in vital areas, these intelligent systems should be used with caution or under the control of more reliable systems, say, based on logic, which would partially or completely check the work of the LLM. This is the approach taken by the participants of the Sigma project.

    — By combining the vast experience of my colleague and co-author of the patent Andrey Andreev in inventing and managing large industrial enterprises, as well as my experience in mathematics, blockchain technologies, smart contracts and building trusted intelligent systems, we outlined a plan for formalizing and implementing key aspects in building a framework and simultaneously patenting them, — noted Andrey Nechesov.

    The first stage of the plan was an electronic computing device for detecting defects in urban infrastructure; work is currently underway on several more useful models and inventions. As a result, a whole line of solutions will be formed, which will then be integrated into the Sigma framework and can be used to optimize monitoring and management of the state of the urban environment.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI China: Pact inked to share Chinese pop icon’s music with the world

    Source: China State Council Information Office 3

    Liu Huan, a legendary pop artist and music educator, and the Universal Music Greater China, a division of the world-leading music company, Universal Music Group, announced an exclusive global agreement on Feb 11.

    It is the first time that a major part of Liu’s body of work — both recording and publishing rights — will be united under one umbrella. The deal aims to further promote and preserve Liu’s musical legacy, while amplifying the cultural impact of Chinese music globally.

    A prolific singer-songwriter and dedicated music educator, Liu has made significant contributions to the evolution of Chinese pop music scene. His enduring hits have defined each era since the 1980s, including Wan Wan De Yue Liang (The Crescent Moon) and Shao Nian Zhuang Zhi Bu Yan Chou (Young Aspiration Knows No Sorrow), making him a beloved household name in China. In the 1990s, Liu cemented his status as a national icon through his songs and compositions for the hit television series Beijingers in New York, including the beloved hit Qian Wan Ci De Wen (Time and Time Again). Later in the decade, his performance of Hao Han Ge (The Song of Heroes), the theme song for the TV adaptation of Water Margin, one of China’s Four Great Classical Novels, became a cultural phenomenon. In the 2010s, Liu composed and performed the entire soundtrack for award-winning TV series Empresses in the Palace, which shattered viewership records and evoked nationwide acclaim.

    Liu’s status as a cultural icon is reflected in performances that have defined pivotal moments in China’s modern history. In 1990, he collaborated with female singer Wei Wei to perform Ya Zhou Xiong Feng (Mighty Winds of Asia), a song dedicated to the 11th Beijing Asian Games, capturing the spirit of optimism and ambition of the era. In 2008, Liu took center stage at the Beijing Olympics Game opening ceremony, performing You and Me alongside British soprano Sarah Brightman in a duet watched by billions around the world.

    Beyond his career as an artist, Liu Huan has dedicated himself to nurturing new talent and promoting original music. In 2012, he joined the inaugural season of The Voice of China, helping launch the careers of many of his students. In 2014, Liu spearheaded the critically acclaimed reality show Sing My Song, which spotlighted original music and introduced a new generation of singer-songwriters, producing a wealth of widely celebrated original songs. Furthering his commitment to musical originality, Liu established the Liu Huan Original Music Fund in 2019, a philanthropic initiative to support Chinese singer-songwriters, promoting the development and innovation of China’s music industry.

    “We are deeply honored to stand alongside Liu Huan as his chosen partner, supporting him in this exciting new chapter of his illustrious career. His ability to create music that speaks to the soul of a nation is unparalleled, and his enduring artistic vitality makes him truly one of a kind. With his trust, we are committed to celebrating his musical legacy, and together, we aim to promote the development of Chinese music industry, continuing to elevate the global impact of Chinese culture,” says Timothy Xu, Chairman and Chief Executive Officer of Universal Music Greater China.

    “We are committed to championing local artistry as part of our vision for a diversified global music culture. Liu Huan is a towering figure in contemporary Chinese music history, and we are proud to support his journey in sharing his extraordinary music with the world,” says Adam Granite, Executive Vice-President, Market Development of Universal Music Group.

    MIL OSI China News –

  • MIL-OSI China: Culture-loving tourists captivated by western China amidst Spring Festival merriment

    Source: China State Council Information Office 3

    Staff members stage a play for tourists at an immersive performance street in Lanzhou, northwest China’s Gansu Province, Feb. 9, 2025. (Xinhua/Zhang Wenjing)

    Zare Salman found himself entranced in the bustling streets of Lanzhou, capital of northwest China’s Gansu Province, as Silk Road merchants shouted out their wares, Dunhuang mural dancers twirled with elegance, and an actor enacted Zhang Qian’s historic departure on his westward mission.

    The 39-year-old Iranian visiting scholar at the Northwest Institute of Eco-Environment and Resources under the Chinese Academy of Sciences, spending his first Chinese New Year in China, couldn’t contain his excitement.

    “Magical! This is so magical!” he exclaimed as he immersed himself in an immersive performance street bringing ancient Chinese history to life. Just days earlier, he had celebrated Chinese New Year’s Eve in Xi’an, sharing a traditional reunion dinner with a Chinese colleague’s family, receiving a red envelope, and visiting a lively temple fair.

    “My friend’s family treated me like one of their own,” Salman said. “The festival atmosphere was overwhelming — this is the grandest and most vibrant celebration I’ve ever seen.”

    This holiday, Salman was one of millions drawn to China’s booming cultural tourism sector. As the country marked its first Spring Festival since UNESCO recognized it as an intangible cultural heritage, demand for traditional and immersive experiences surged, particularly in its western regions, which boast a rich history.

    According to the Gansu Provincial Department of Culture and Tourism, the province hosted 1,418 themed events, received 18.05 million tourist visits, and generated 10 billion yuan (about 1.4 billion U.S. dollars) in tourism revenue during the Spring Festival holiday — both figures rising by more than 10 percent compared to last year.

    A major highlight was the rising interest in the intangible cultural heritage. In Lanzhou, a small museum showcasing carved gourds welcomed nearly 9,000 visitors over the holiday, many of them children and parents eager to try gourd carving under the guidance of Master Artisan Ruan Xiyue.

    “Each year, more families come to experience these traditional crafts,” Ruan said. “It shows a growing appreciation for our cultural heritage.”

    Cultural tourism in western China is flourishing due to its seamless blend of tradition and innovation. As Chinese New Year celebrations continue to evolve, they remain a powerful draw for domestic and international visitors, offering an authentic and immersive connection to China’s heritage.

    During the holiday, western regions launched a variety of cultural activities. The Gansu Provincial Museum held paper-cutting and cloisonné enamel-making workshops. Ningxia hosted over 200 events, from folk performances to traditional handicraft markets. Xinjiang organized over 700 cultural shows, while Qinghai arranged 2,000 programs featuring music, theater and folklore.

    China’s major online travel agencies reported a surge in interest for culture-focused trips. According to Fliggy, demand for cultural tourism, particularly experiences tied to the intangible cultural heritage, surged 40 percent compared to last year. Lantern festivals, folk performances and hands-on craft workshops were among the most sought-after activities.

    For Salman, the experience was more than just a holiday — it was a journey through history and tradition. “I’ve learned so much about Chinese culture, from its New Year customs to the Silk Road’s rich past,” he said. “I can’t wait to share this with my family and hopefully bring them to China one day.”

    MIL OSI China News –

  • MIL-OSI China: Chinese culture on display at Lantern Festival celebration in Jordanian capital

    Source: China State Council Information Office 3

    People participate in a Hanfu show during a Lantern Festival celebration hosted by the China Cultural Center in Amman, Jordan, on Feb. 12, 2025. The China Cultural Center in Amman hosted the Lantern Festival celebration on Wednesday, marking the end of Chinese Spring Festival festivities with traditional performances and cultural exchanges. (Photo by Mohammad Abu Ghosh/Xinhua)

    The China Cultural Center in Amman hosted a Lantern Festival celebration on Wednesday, marking the end of Chinese Spring Festival festivities with traditional performances and cultural exchanges.

    Chinese Ambassador to Jordan Chen Chuandong said the Spring Festival is China’s most important traditional holiday, noting the Lantern Festival marks the first full moon of the Chinese New Year and symbolizes renewal and the arrival of spring.

    “Lantern Festival traditions, such as moon gazing, lantern displays, riddle-solving, and tasting traditional sweets, reflect the cultural heritage passed down through generations,” Chen said, adding the event offered a glimpse into Chinese traditions.

    Chen highlighted shared values between China and Jordan, including a commitment to peace, respect for family, and openness to cultural exchange. He noted historical ties between the two nations dating back to the Silk Road.

    Interest in Chinese language and culture is rising among Jordanian youth, while appreciation for Arabic culture is growing in China, he added.

    “We celebrate the Lantern Festival as a bridge for goodwill and communication, fostering closer cooperation between our countries,” Chen said.

    Shi Wei, cultural counselor at the Chinese Embassy and director of the China Cultural Center in Amman, said the “Happy Spring Festival” initiative has served as a global cultural exchange platform for two decades. She noted this year’s Lantern Festival celebration marked the final event of the 2025 Spring Festival in Amman, symbolizing unity and tradition.

    The event featured Kung Fu performances, traditional folk music and dance, theatrical acts, and a raffle draw. It drew Jordanian public figures, academics, students studying Chinese, embassy officials, and members of the Chinese community.

    Mohannad Al-Bakri, director-general of the Royal Film Commission of Jordan, said the event offered an engaging introduction to Chinese culture through performances incorporating technology, imagery, and film.

    He said the celebration deepened his understanding of the Spring Festival and noted cultural similarities between China and Jordan. The interaction between Jordanian and Chinese youth underscored growing cultural cooperation, he added. 

    MIL OSI China News –

  • MIL-OSI China: Malta issues special zodiac stamps to mark Year of the Snake

    Source: China State Council Information Office 3

    Photo taken on Feb. 12, 2025 shows a set of newly released Year of the Snake zodiac postage stamps in Valletta, Malta. MaltaPost unveiled these stamps here on Wednesday, marking the second consecutive year the country has issued stamps celebrating the Chinese Lunar New Year. (Photo by Jonathan Borg/Xinhua)

    MaltaPost unveiled its Year of the Snake zodiac postage stamps on Wednesday in Valletta, marking the second consecutive year the country has issued stamps celebrating the Chinese Lunar New Year.

    The newly released set of two stamps, designed by Maltese artist Fabio Agius and Chinese designer Fang Jun, showcases a unique blend of Maltese and Chinese cultural motifs.

    Agius’s design intricately weaves the sinuous form of a snake with Malta’s iconic floral-patterned ceramic tiles, symbolizing the fusion of ancient heritage and contemporary artistry. Meanwhile, Fang’s creation incorporates the traditional Chinese knot, a symbol of good fortune, alongside the “Eye of Horus,” an ancient Maltese maritime emblem representing protection and safe voyages. Together, the designs embody the themes of growth, peace, and prosperity associated with the Wood Snake year in the Chinese zodiac.

    Speaking at the launch ceremony, MaltaPost Chairman Joseph Said emphasized the stamps’ cultural significance and their role in fostering international friendship. “I am confident that this philatelic initiative will strengthen cultural exchanges between Malta and China, bringing our nations even closer,” he stated.

    A parallel launch event was held in Beijing, co-organized by the Beijing Zodiac Philatelic Research Association and the Beijing Zodiac Culture Theme Post Office.

    Yuan Xikun, director of the Beijing Jintai Art Museum, highlighted the growing global appreciation of zodiac culture as a bridge for cross-cultural dialogue. “The issuance of these stamps is not only a tribute to traditional Chinese culture but also a vivid reflection of the friendship and cooperation between our two nations,” he said. “It will deepen the Maltese people’s understanding of Chinese culture and inject new vitality into cultural exchanges between our countries.”

    Liao Hongyun, president of the Beijing Zodiac Philatelic Research Association, echoed these sentiments, describing the stamp issuance as a testament to the enduring friendship between China and Malta.

    As a key advocate for Malta’s zodiac stamp series, Chen Juheng, councilor of the Maltese Chinese Chamber of Commerce, noted that this marks the first time a Chinese designer’s work has been featured in Malta’s zodiac collection. He expressed hope for further postal collaborations to promote Chinese zodiac culture within Malta’s philatelic community. 

    MIL OSI China News –

  • MIL-OSI China: Harry Potter attraction to be launched in Shanghai in 2027

    Source: China State Council Information Office 3

    A Harry Potter studio tour will open in Shanghai in 2027, which will be the third such attraction globally and the first in China, its developers announced on Wednesday.

    Officially named Warner Bros Studio Tour Shanghai — The Making of Harry Potter, it will be located in the renovated Shanghai Jinjiang Action Park, according to Jin Jiang International Holdings Co and Warner Bros Discovery Global Experiences.

    Jinjiang Action Park, in the city’s Minhang district, closed on Jan 26 for renovations. The new 53,000-square-meter attraction is still in the regulatory approval stage.

    It will offer visitors an immersive behind-the-scenes look at how the Harry Potter franchise brought British author JK Rowling’s seven-volume fantasy novel series to life. Visitors will be able to explore the iconic film sets that were designed by the creators of the films, according to Warner Bros Discovery Global Experiences. It will also feature authentic costumes and props, alongside interactive features.

    The tour will include internal and external spaces that will take around half a day to walk through. A landscaped park area will be created in front of the tour for both visitors and the general public.

    The redevelopment project extends beyond the tour itself, Zheng Bei, chairwoman of Shanghai Jinjiang Action Park Co, told Radio Shanghai. The site will feature three main components, including the Harry Potter attraction, a themed hotel and the iconic Ferris wheel ride, which will be upgraded to be around 118 meters tall.

    The Shanghai location will integrate digital interactive elements with distinctive Chinese elements, Zheng said.

    To manage visitor flow, the attraction will implement a reservation system requiring advance booking for both dates and specific time slots, said Zheng, noting that the park anticipates welcoming approximately 2 million visitors in the first year.

    “Harry Potter’s multigenerational appeal means the Shanghai tour should draw a wide range of fans from teenagers all the way up to adults in their 50s,” Zheng said. “We envision visitors coming from across China and even Southeast Asia.”

    The original Jinjiang Action Park opened in 1984 as Shanghai’s first major theme park.

    “Jinjiang Action Park was a beloved childhood memory for many locals growing up in Shanghai,” said Lu Ping, a local born in the 1980s. “Although the park has experienced several revamps, it was less attractive than before. Bringing a Harry Potter attraction here is a way to rejuvenate this space.”

    Lin Huanjie, director of the Shanghai-based Institute for Theme Park Studies in China, said that introducing an international brand like Harry Potter is a smart move, which will activate Jinjiang Action Park’s brand value and release new consumer vitality.

    “Shanghai is an ideal landing spot given its status as a global city with a booming tourism market and appetite for high-quality themed entertainment,” he added.

    Lin said that the Shanghai tour differentiates itself from Universal Beijing Resort’s Harry Potter-themed land by providing an immersive studio experience focused on the filmmaking process.

    And, he said he expects that it would include Chinese cultural elements.

    “For international branded attractions to truly resonate in China, there needs to be localization that allows Chinese guests to experience and understand the Western stories through an Eastern cultural lens,” he said. “The Harry Potter storylines should remain pure, but other facilities can fuse Chinese philosophy and storytelling traditions.”

    Once officially opened, the studio tour will not just fulfill the dreams of Chinese fans of Harry Potter, but is also expected to attract tourists from South Korea, Southeast Asia and other regions to Shanghai, further boosting the inbound tourism market, he added.

    MIL OSI China News –

  • MIL-OSI New Zealand: Fatal Crash, Puruatanga Road, Martinborough

    Source: New Zealand Police (National News)

    Attributable to Inspector Brad Allen, Wellington District Road Policing Manager:

    Police can confirm one person has died after a collision between a shared cycle and a car in Martinborough this morning.

    The collision happened on Puruatanga Road, between Regent Street and Todds Road, about 10.45am.

    The deceased was critically injured but died at the scene before they could be airlifted to hospital. Three other people, also on the bike, suffered serious injuries.

    Police’s thoughts, Aroha, and condolences go out to the family and loved ones of the deceased.

    The Serious Crash Unit are conducting a scene examination and enquiries into the circumstances of the crash are ongoing.

    The road has since reopened. 

    ENDS

    Issued by Police Media Centre 

    MIL OSI New Zealand News –

  • MIL-OSI Australia: Albanese Government passes legislation to deliver child care 3 Day Guarantee

    Source: Australian Ministers for Education

    The Albanese Labor Government today passed legislation through the Parliament to deliver a 3 Day Guarantee and replace the Liberal’s Activity Test.

    Families will be able to access three days a week of subsidised early childhood education for children who need it from January 2026. 

    The Dutton led Coalition voted against this important legislation. The Liberals have said the 3 Day Guarantee was “not something…the country can afford” but are happy for taxpayers to pay for bosses’ lunches.

    The Liberal’s claim their Activity Test increased workforce participation, however the Australian Institute of Family Studies found no evidence that the introduction of the Activity Test caused any increase in workforce participation.

    In fact, analysis undertaken by Dr Angela Jackson and Impact Economics and Policy found that: 

    “The current activity test for the Child Care Subsidy limits access to subsidised child care and is contributing to children from the poorest households missing out on critical early childhood education and care.”

    Implementing the 3 Day Guarantee and abolishing the current Activity Test, is an important step towards a universal early childhood education and care system.

    Families earning between $50,000 to $100,000, will be better off under the 3 Day Guarantee and are expected to save on average $1,460 per year.

    The 3 Day Guarantee will provide cost-of-living relief to families and help ensure that children can access the benefits of high-quality early education and care. 

    A re-elected Albanese Labor Government will also establish a $1 billion Building Early Education Fund, to build more centres and expand services in areas of need, including the outer suburbs and regional Australia. 

    Only the Albanese Labor Government has a plan to deliver a universal early childhood education system that works for Australian families and ensure children get the best possible start in life. 

    Quotes attributable to Minister for Education Jason Clare:

    “This is all about giving our kids the best start in life. 

    “Getting them ready for school.

    “It’s all about opening the doors of opportunity.

    “Peter Dutton has voted to slam it shut. 

    “Under Labor, we are guaranteeing 3 days a week of government supported early education. 

    “Under the Liberals, they are guaranteeing 3 course meals for bosses, paid for by the taxpayer.”

    Quotes attributable to Minister for Early Childhood Education Dr Anne Aly:

     “The Coalition would put universal access to early learning at risk, it’s clear they don’t understand the benefits of early childhood education and care.

     “Only the Albanese Labor Government will ensure every Australian child has access to early childhood education. 

     “The Liberal’s prohibative Activity Test locked out the children who can most benefit from early childhood education and care, and has not increasesed workforce participation. 

     “Investing in the early years is an investment in Australia’s future – there is no better investment than giving our littlest Australians the best possible start in life.”

    MIL OSI News –

  • MIL-OSI Russia: Vice-Rector of SPbGASU presented a medal and books to the Library of the Russian Academy of Sciences

    Translartion. Region: Russians Fedetion –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Evgeny Korolev (center) and employees of the Library of the Russian Academy of Sciences: Elena Ermoshina, head of the collections and services department; Olga Skvortsova, director; Natalia Kolpakova, deputy director for research, and Natalia Volkova, head of the spr

    Vice-Rector for Research, Professor, Head of the Department of Construction Materials Technology and Metrology at SPbGASU, Academician of the Russian Engineering Academy Evgeny Korolev presented the Library of the Russian Academy of Sciences with a medal “For outstanding achievements in the field of popularization of engineering knowledge” and a set of rare books.

    “The Library of the Russian Academy of Sciences in St. Petersburg was founded in 1714 by Peter the Great and is the oldest in Russia. Today, it is one of the largest libraries in our country and the world. Its collections contain millions of storage units and many unique literary monuments. The library staff supports scientific and research activities, provides a wide range of services, thereby contributing to the popularization of science in general and engineering knowledge in particular. In gratitude, the Presidium of the Russian Engineering Academy decided to award the institution a medal. This award is our appreciation for the work of all library employees,” noted Evgeny Korolev.

    On behalf of SPbGASU, the vice-rector donated rare editions to the library: “Brick Outfit of Nevsky Prospect” and “Brick Saint Petersburg in the 18th–19th Centuries”. Their author is Vsevolod Inchik, Doctor of Technical Sciences, Advisor to the Russian Academy of Architecture and Construction Sciences, Full Member of the Petrovskaya Academy of Sciences and Arts, and the creator of the unique Museum of Saint Petersburg Brick at SPbGASU.

    The library management and staff thanked the Russian Engineering Academy for the high assessment of their work, and SPbGASU for valuable publications. They expressed hope for further fruitful cooperation for the benefit of Russian science and education.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI China: Beijing’s Mentougou to open AI tech park this year

    Source: China State Council Information Office 2

    Construction began Wednesday on the main facility of Zhongguancun (Western Beijing) Artificial Intelligence Technology Park. The park, set to open in the second half this year, is projected to generate an annual output of 10 billion yuan ($1.49 billion).
    Located in Mentougou district, the park spans 800,000 square meters, with its first phase project covering 310,000 square meters. Workers have finished the exterior walls of the park’s first phase, a 3.9 billion yuan project, and are now focusing on interior renovations. The park, designed with a sunken courtyard and winding waterways, aims to host more than 200 AI companies.
    Mentougou district, formerly a major coal mining area in western Beijing, ended its “millennium-long coal mining history” in 2019. AI has since emerged as the district’s leading industry, alongside ultra-high-definition digital audio-visual and cardiovascular medical devices.
    The park, a key project in Beijing’s “two zones” initiative, aims to advance the city’s AI industry. It will develop an ecosystem centered on computing power, data and AI models while focusing on seven sectors: intelligent manufacturing, smart healthcare, AI-driven audio-visual technology, intelligent education, smart cultural tourism, robotics and intelligent transportation. By attracting industry leaders, the park is expected to drive innovation and accelerate the integration of AI across various sectors.
    In addition to financial and technological support, the park will feature specialized industrial facilities, including three factory buildings designed for inspection, testing and small-scale production.
    Zhongguancun Development Group and Mentougou district have established a 1 billion yuan AI industry fund to attract investment while fostering innovation and accelerating industry expansion.

    MIL OSI China News –

  • MIL-OSI China: Beijing’s Pinggu kicks start 7 projects

    Source: China State Council Information Office 2

    Beijing’s Pinggu district broke ground Wednesday on seven key projects valued at 3.3 billion yuan ($4.5 billion).
    Among the key projects is the No. 4 Pinggu Agricultural ZGC Comprehensive Research Center. The research facility, scheduled to open in late 2026, will serve enterprises and research institutions focused on biotech breeding and incubation.
    “Center No. 4 will include facilities for scientific research, technology development, pilot production, industry incubation spaces and a conference hall,” said Lu Ming, deputy general manager of Pinggu Lianfu Industrial Co.
    “The ultra-high pilot space will reach 11 meters in height to accommodate various pilot projects,” Lu said.
    Pinggu aims to accelerate more than 160 projects this year to meet its 19 billion yuan annual investment target. The district also plans to develop programs to link related industries and encourage cross-sector partnerships.
    Recognizing the business environment as crucial for development, a Pinggu district official said, “We must treat entrepreneurs as family and consider their business as our own to improve the business environment.”
    This year, Pinggu will formulate 10 major action plans to optimize the business environment and promote reforms in the approval system for industrial projects.

    MIL OSI China News –

  • MIL-OSI China: Beijing’s sub-center resumes work on 2 major projects

    Source: China State Council Information Office 2

    Construction resumed this week on two major projects in Beijing’s sub-center after the Spring Festival, marking a strong start to 2025. These projects, the integrated transportation hub and the “Wanli” micro-vacation town, are key components of the sub-center’s development.
    The integrated transportation hub at the Beijing Sub-center Station in Tongzhou district, set to become Asia’s largest underground facility of its kind, is in its final decoration phase. Workers have completed the railway platform structure, with thousands now installing electromechanical equipment throughout the underground complex.
    The railway platforms are ready for track laying and will eventually serve the Beijing-Tangshan Intercity Railway, Beijing-Binhai Intercity Railway and Intercity Railway Connecting Line. The hub, scheduled to open in late 2025, will connect two intercity railways, four subway lines, one suburban railway and 15 bus lines. The facility will provide 15-minute access to Beijing Capital International Airport, 35-minute access to Beijing Daxing International Airport and Tangshan, and one-hour access to both Xiong’an New Area and Tianjin Binhai New Area.
    The “Wanli” micro-vacation town project, adjacent to Universal Beijing Resort, is accelerating construction after completing its main structure before the Spring Festival. Construction teams are now focusing on interior and exterior decoration and equipment installation.
    “Wanli,” situated next to Huazhuang subway station, comprises the Wangfujing Outlets, Tingyun Town and Nuolan Hotel. Tingyun Town, built above a subway depot, is designed to be a model of “station-city integration” in the sub-center.
    The distinctive architectural complex, including the outlet mall, town and five-star hotel, is taking shape, with some glass curtain walls already installed. The outlet mall, set to be the largest in Beijing in terms of building area, features a 30-meter-high dome with a waterfall centerpiece.
    The “Wanli” complex is scheduled to open in the second half of 2025, aiming to attract Beijing residents and tourists with its convenient transportation links and diverse offerings.

    MIL OSI China News –

  • MIL-OSI China: Announcement on Open Market Operations No.28 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.28 [2025]

    (Open Market Operations Office, February 13, 2025)

    In order to keep liquidity adequate in the banking system, the People’s Bank of China conducted reverse repo operations in the amount of RMB125.8 billion through quantity bidding at a fixed interest rate on February 13, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Volume

    Rate

    7 days

    RMB125.8 billion

    1.50%

    Date of last update Nov. 29 2018

    2025年02月13日

    MIL OSI China News –

  • MIL-OSI: Flow Traders 4Q and FY 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Flow Traders 4Q and FY 2024 Results

    Amsterdam, the Netherlands – Flow Traders Ltd. (Euronext: FLOW) announces its unaudited 4Q and FY 2024 results.

    Flow Traders posts record fourth quarter results and the second-best fiscal year results in its 20-year history with €159.0m and €479.3m in Total Income, respectively. The company also ends 2024 with record levels of Trading Capital and Shareholders’ Equity at €775m and €766m, respectively.

    Financial Highlights

    4Q 2024

    • Flow Traders recorded Net Trading Income of €153.8m and Total Income of €159.0m in 4Q24, increases of 112% and 114% when compared to the €72.7m and €74.3m in 4Q23, respectively.
    • Flow Traders’ ETP Value Traded increased by 13% in 4Q24 to €424m from €376m in 4Q23.
    • Fixed Operating Expenses were €45.3m in the quarter, an increase of 12% when compared to the €40.4m in 4Q23, due mostly to increased employee and technology expenses and an abnormally low 4Q23 given timing of expenses.
    • Total Operating Expenses were €76.8m in 4Q24, an increase of 23% when compared to the €62.5m in 4Q23, due mostly to higher variable employee compensation expenses.
    • EBITDA was €82.1m in the quarter, an almost seven-fold increase when compared to the €11.8m in 4Q23. EBITDA margin was 52% in 4Q24 vs. 16% in 4Q23.
    • Net Profit came in at €63.2m in 4Q24, yielding a basic EPS of €1.47 and diluted EPS of €1.42, an almost ten-fold increase compared to a Net Profit of €6.4m, basic EPS of €0.15, and diluted EPS of €0.14 in 4Q23.
    • Flow Traders employed 609 FTEs at the end of 4Q24, compared to 605 at the end of 3Q24 and 613 at the end of 4Q23 (see note 1).

    FY 2024

    • For full year 2024, Net Trading Income totaled €467.8m and Total Income was €479.3m, increases of 56% and 58% when compared to €300.3m and €303.9m in FY 2023, respectively.
    • Flow Traders’ ETP Value Traded increased by 5% in FY 2024 to €1,545b from €1,465b in FY 2023.
    • Fixed Operating Expenses for the year totaled €179.1m, an increase of 3% from €174.1m in FY 2023, which is in-line with guidance.
    • Total Operating Expenses for the year was €264.4m, an increase of 12% from €236.3m in FY 2023, due mostly to higher variable employee compensation expenses.
    • EBITDA for the year was €214.9m, up 218% compared to €67.5m in FY2023. EBITDA margin was 45% in FY 2024 vs. 22% in FY 2023.
    • Total Net Profit for the year totaled €159.5m with basic EPS of €3.69 and diluted EPS of €3.56, a more than four-fold increase compared to €36.2m, €0.84 and €0.81 in FY 2023, respectively.

    Trading Capital and Shareholders’ Equity

    • Trading capital stood at €775m at the end of 4Q24 and FY 2024, an increase of 16% compared to €668m at the end of 3Q24 and 33% compared to €584m at the end of 4Q23 and FY 2023.
    • Return on average trading capital2 was 69% in 4Q24 and FY 2024, compared to 49% in 4Q23 and FY 2023. With the accelerating growth of trading capital following the Capital Expansion Plan announced in July 2024, trading returns will be calculated as LTM NTI / Average Trading Capital going forward.
    • Shareholders’ equity was €766m at the end of 4Q24 and FY 2024, an increase of 15% compared to €666m at the end of 3Q24 and 31% compared to €586m at the end of 4Q23 and FY 2023.
    • Flow Traders generated a Return on Equity of 24% in FY 2024, compared to 6% in FY 2023.

    Financial Overview

    €million 4Q24 4Q23 Change FY2024 FY2023 Change
    Net trading income 153.8 72.7 112% 467.8 300.3 56%
    Other income 5.1 1.6   11.5 3.6  
    Total income 159.0 74.3 114% 479.3 303.9 58%
    Revenue by region3            
    Europe 86.9 42.6 104% 274.1 167.8 63%
    Americas 18.2 18.1 1% 93.6 82.1 14%
    Asia 53.8 13.6 295% 111.5 53.9 107%
    Employee expenses            
    Fixed employee expenses 20.2 17.5 15% 81.6 76.0 7%
    Variable employee expenses 31.5 22.1 43% 85.3 57.9 47%
    Technology expenses 16.9 15.3 10% 66.6 64.4 3%
    Other expenses 8.2 7.6 8% 30.9 33.7 (8%)
    One-off expenses4 – –   0.0 4.3 (100%)
    Total operating expenses 76.8 62.5 23% 264.4 236.3 12%
    EBITDA 82.1 11.8 597% 214.9 67.5 218%
    Interest Expense 0.5 –   1.1 0.0  
    Depreciation & amortisation 4.6 4.2 9% 17.4 18.4 (5%)
    Profit/(loss) on equity-accounted investments (0.1) (0.1) 5% (2.0) (4.5) (55%)
    Profit before tax 76.9 7.4 935% 194.4 44.7 335%
    Tax expense 13.7 1.0 1230% 34.8 8.5 310%
    Net profit 63.2 6.4 888% 159.5 36.2 341%
    Basic EPS5 (€) 1.47 0.15   3.69 0.84  
    Fully diluted EPS6 (€) 1.42 0.14   3.56 0.81  
    EBITDA margin 52% 16%   45% 22%  

    Revenue by Region

    €million 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24
    Europe 58.5 33.1 33.6 42.6 68.4 48.6 70.2 86.9
    Americas 32.8 9.3 22.0 18.1 41.3 13.4 20.8 18.2
    Asia 19.2 9.0 12.1 13.6 19.9 14.2 23.6 53.8

    Value Traded Overview

    €billion 4Q24 4Q23 Change FY2024 FY2023 Change
    Flow Traders ETP Value Traded 424 376 13% 1,545 1,465 5%
    Europe 195 151 29% 655 619 6%
    Americas 193 203 (5%) 776 754 3%
    Asia 36 22 65% 114 93 22%
    Flow Traders non-ETP Value Traded 1,233 1,074 15% 4,703 4,115 14%
    Flow Traders Value Traded 1,657 1,450 14% 6,248 5,580 12%
    Equity 809 762 6% 3,217 3,009 7%
    FICC 783 641 22% 2,817 2,396 18%
    Other 64 48 33% 214 176 22%
    Market ETP Value Traded7 13,192 11,714 13% 47,933 43,081 11%
    Europe 728 557 31% 2,518 2,039 24%
    Americas 9,954 9,877 1% 38,545 35,874 7%
    Asia 2,510 1,280 96% 6,871 5,168 33%
    Asia ex China 582 383 52% 2,020 1,578 28%

    Trading Capital

      1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24
    Trading Capital (€m) 647 574 585 584 609 624 668 775
    Return on Avg Trading Capital2 67% 65% 56% 49% 50% 58% 62% 69%
    Average VIX8 21.0 16.7 15.1 15.4 13.9 14.2 17.1 17.3

    Market Environment

    Europe

    Equity trading volumes in the quarter across major exchanges saw double-digit percentage point improvements when compared to the same period a year ago and single-digit improvements when compared to last quarter. Market volatility increased by single-digits compared to both the same period a year ago and last quarter.

    Fixed Income trading volumes on MTFs saw low double-digit percentage point improvements compared to the same period a year ago and single-digit improvements compared to last quarter.

    Americas

    Equity trading volumes in the U.S. saw single-digit percentage point improvements when compared to both the same period a year ago and last quarter. Market volatility increased slightly when compared to the same period a year ago and was flat compared to last quarter.

    Fixed Income trading volumes in the U.S. were mixed across the various trading venues but were in general better when compared to the same period a year ago but weaker compared to last quarter. Volatility declined when compared to the same period a year ago and was relatively flat when compared to last quarter.

    Asia

    Equity trading volumes in Asia were mixed as Hong Kong and China saw significant increases while Japan experienced declines both when compared to the same period a year ago as well as last quarter. Market volatility, for the most part, increased across all the regions both year-on-year and quarter-on-quarter, with the exception being Japan, where it declined compared to last quarter.

    Digital Assets

    Within Digital Assets, which trades across regions on a 24/7 basis, trading volumes increased significantly both compared to the same period a year ago and last quarter. Volatility increased slightly both year-on-year and quarter-on-quarter.

    Trading Capital Expansion Plan

    In recent years, Flow Traders has successfully diversified its core trading model across different asset classes and geographies, which resulted in increased optionality for the business. The company sees a range of emerging opportunities to accelerate growth by systematically expanding its trading capital base.

    With the 2Q 2024 results, the company announced the suspension of the dividend and bank term loan as the initial steps in boosting the firm’s trading capital. The bank loan and strong net profit generation boosted trading capital by €191m over the course of the year and immediately helped increase the capacity of the firm to capture more of the opportunities that arose during the year given the increased volatility and dislocations across different asset classes and regions around the world. Given the success of the Trading Capital Expansion Plan thus far, the firm will continue to pursue the most strategic debt financing options to further support its growth.

    Treasury Shares

    As a result of the second-best year in company history, portions of the previously repurchased shares from the €25m share buyback program conducted in July 2022 will be reallocated to employee incentive plans.

    Outlook

    Fixed operating expenses for FY 2025 are expected to be in the range of €190-210m given additional technology investments and targeted additions of subject matter experts in growth areas, partially offset by expected operational efficiency gains.

    CEO Statement

    Mike Kuehnel, CEO
    “Flow Traders closed out 2024 with a record fourth quarter and the second-best year in the company’s 20-year history. Following the strategic decision to accelerate the expansion of our trading capital base last July, the additional capital has enabled us to capture additional opportunities and leverage dislocations in the market during a period of heightened volatility across different regions and asset classes. Following one of the calmest markets in recent memory in 2023, we were able to achieve a 69% return on average trading capital in 2024. This demonstrates the robustness and coverage of our trading strategies and is a result of the company’s growth and diversification strategy.

    In the fourth quarter, market trading volumes and volatility increased meaningfully across Europe and Asia, and within equity and digital assets. We were able to capitalize on this increased activity given the significant multi-year investments in talent and technology that we made in Asia and digital assets. Additionally, our partnerships with emerging financial infrastructure providers, such as the Börse Stuttgart Digital and Wormhole partnerships in the digital assets space and OpenYield in the fixed income space, will allow the company to further participate in and shape the future of financial markets.

    As digital assets continue to gain acceptance by governments and institutions around the world, we believe Flow Traders has a pivotal role to play given our strong capabilities in both traditional finance and digital assets ecosystems. With our unique distribution network, technology and pricing capabilities, we aim to be an important bridge by connecting various stakeholders to bring the 24/7 trading currently available in digital assets to the traditional financial landscape. Our partnership with DWS and Galaxy in AllUnity is one example of a platform which we believe could be pivotal in achieving this transition.

    Looking forward to 2025, we will continue to invest in the expansion of our trading capabilities and increasing sophistication, with tailored investments in technology and additional talent given the attractive opportunities in front of us. Opportunities which would otherwise not be possible without the accelerated growth of our trading capital base as a result of our trading capital expansion plan. To offset some of the additional investments, we stay fully committed to the streamlining and automation work to systematically improve efficiency and strengthen our core operations as the firm continues to grow and scale.”

    Preliminary Financial Calendar

    24 April 2025                1Q25 Trading Update

    Analyst Conference Call and Webcast

    The 4Q24 results analyst conference call will be held at 10:00 am CET on Thursday 13 February 2025. The presentation can be downloaded at https://www.flowtraders.com/investors/results-centre and the conference call can be followed via a listen-only audio webcast. A replay of the conference call will be available on the company website for at least 90 days.

    Contact Details

    Flow Traders Ltd.

    Investors
    Eric Pan
    Phone:         +31 20 7996799
    Email:        investor.relations@flowtraders.com

    Media
    Laura Peijs
    Phone:         +31 20 7996799
    Email:        press@flowtraders.com

    About Flow Traders

    Flow Traders is a leading trading firm providing liquidity in multiple asset classes, covering all major exchanges. Founded in 2004, Flow Traders is a leading global ETP market marker and has leveraged its expertise in trading ETPs to expand into fixed income, commodities, digital assets and FX. Flow Traders’ role in financial markets is to ensure the availability of liquidity and enabling investors to continue to buy or sell financial instruments under all market circumstances, thereby ensuring markets remain resilient and continue to function in an orderly manner. In addition to its trading activities, Flow Traders has established a strategic investment unit focused on fostering market innovation and aligned with our mission to bring greater transparency and efficiency to the financial ecosystem. With nearly two decades of experience, we have built a team of over 600 talented professionals, located globally, contributing to the firm’s entrepreneurial culture and delivering the company’s mission.

    Notes

    1. Figures restated to include only active employees and exclude those on garden leave per CSRD definition.
    2. Return on trading capital defined as LTM NTI divided by the average of the prior and current end of period trading capital.
    3. Revenue by region includes NTI, Other Income, and inter-company revenue.
    4. One-off expenses related to the completed corporate holding structure update and capital structure review work.
    5. Weighted average shares outstanding: 4Q24 – 43,066,302; 3Q24 – 43,095,744; 4Q23 – 43,166,257.
    6. Determined by adjusting the basic EPS for the effects of all dilutive share-based payments to employees.
    7. Source – Flow Traders analysis.
    8. Starting in 3Q24, average VIX is calculated as the average of VIX daily closing prices.

    Important Legal Information

    This press release is prepared by Flow Traders Ltd. and is for information purposes only. It is not a recommendation to engage in investment activities and you must not rely on the content of this document when making any investment decisions. The information in this document does not constitute legal, tax, or investment advice and is not to be regarded as investor marketing or marketing of any security or financial instrument, or as an offer to buy or sell, or as a solicitation of any offer to buy or sell, securities or financial instruments.

    The information and materials contained in this press release are provided ‘as is’ and Flow Traders Ltd. or any of its affiliates (“Flow Traders”) do not warrant the accuracy, adequacy or completeness of the information and materials and expressly disclaim liability for any errors or omissions. This press release is not intended to be, and shall not constitute in any way a binding or legal agreement, or impose any legal obligation on Flow Traders. All intellectual property rights, including trademarks, are those of their respective owners. All rights reserved. All proprietary rights and interest in or connected with this publication shall vest in Flow Traders. No part of it may be redistributed or reproduced without the prior written permission of Flow Traders.

    This press release may include forward-looking statements, which are based on Flow Traders’ current expectations and projections about future events, and are not guarantees of future performance. Forward looking statements are statements that are not historical facts, including statements about our beliefs and expectations. Words such as “may”, “will”, “would”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “project”, “believe”, “could”, “hope”, “seek”, “plan”, “foresee”, “aim”, “objective”, “potential”, “goal” “strategy”, “target”, “continue” and similar expressions or their negatives are used to identify these forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of Flow Traders. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements. Accordingly, no undue reliance should be placed on any forward-looking statements. Forward-looking statements speak only as at the date at which they are made. Flow Traders expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which such statements are based unless required to do so by applicable law.

    Financial objectives are internal objectives of Flow Traders to measure its operational performance and should not be read as indicating that Flow Traders is targeting such metrics for any particular fiscal year. Flow Traders’ ability to achieve these financial objectives is inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond Flow Traders’ control, and upon assumptions with respect to future business decisions that are subject to change. As a result, Flow Traders’ actual results may vary from these financial objectives, and those variations may be material.

    Efficiencies are net, before tax and on a run-rate basis, i.e. taking into account the full-year impact of any measure to be undertaken before the end of the period mentioned. The expected operating efficiencies and cost savings were prepared on the basis of a number of assumptions, projections and estimates, many of which depend on factors that are beyond Flow Traders’ control. These assumptions, projections and estimates are inherently subject to significant uncertainties and actual results may differ, perhaps materially, from those projected. Flow Traders cannot provide any assurance that these assumptions are correct and that these projections and estimates will reflect Flow Traders’ actual results of operations.

    By accepting this document you agree to the terms set out above. If you do not agree with the terms set out above please notify legal.amsterdam@nl.flowtraders.com immediately and delete or destroy this document.

    All results published in this release are unaudited.

    Market Abuse Regulation

    This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Attachment

    The MIL Network –

  • MIL-OSI: Equinor ASA: Ex. dividend third quarter 2024 today-Oslo Børs

    Source: GlobeNewswire (MIL-OSI)

    The shares in Equinor ASA (OSE: EQNR; NYSE: EQNR) will as from today be traded on Oslo Stock Exchange exclusive the third quarter 2024 cash dividend as detailed below. 

    Ex. date: 13 February 2025

    Ordinary cash dividend amount: 0.35

    Extraordinary cash dividend amount: 0.35

    Announced currency: USD

    This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act

    The MIL Network –