Category: Transport

MIL-OSI: Shell plc publishes third quarter 2024 press release

Source: GlobeNewswire (MIL-OSI)

London, October 31, 2024

“Shell delivered another set of strong results. We continue to deliver more value with less emissions, whilst enhancing the resilience of our balance sheet. Today, we announce another $3.5 billion buyback programme for the next three months, making this the 12^th consecutive quarter in which we have announced $3 billion or more in buybacks.”

Shell plc Chief Executive Officer, Wael Sawan

STRONG RESULTS, CONSISTENT DISTRIBUTIONS

Q3 2024 Adjusted Earnings¹ of $6.0 billion, despite the lower crude prices and weaker refining margins, reflect strong operational performance in Integrated Gas, Upstream and Marketing.
CFFO of $14.7 billion for the quarter includes a working capital inflow of $2.7 billion; net debt reduced to $35.2 billion ($9.6 billion excluding lease liabilities).
Cash capex for 2024 is expected to be below the lower end of the $22 – 25 billion range.
Commencing a $3.5 billion share buyback programme, expected to be completed by Q4 2024 results announcement. Over the last 4 quarters, total shareholder distributions paid were 43% of CFFO. Dividend stable at $0.344 per ordinary share.

$ million¹		Adj. Earnings	Adj. EBITDA	CFFO	Cash capex
Integrated Gas		2,871	5,234	3,623	1,236
Upstream		2,443	7,871	5,268	1,974
Marketing		1,182	2,081	2,722	525
Chemicals & Products²		463	1,240	3,321	761
Renewables & Energy Solutions		(162)	(75)	(364)	409
Corporate		(643)	(346)	115	45
Less: Non-controlling interest (NCI)		126
Shell	Q3 2024	6,028	16,005	14,684	4,950
Shell	Q2 2024	6,293	16,806	13,508	4,719

¹Income/(loss) attributable to shareholders for Q3 2024 is $4.3 billion. Reconciliation of non-GAAP measures can be found in the unaudited results, available at www.shell.com/investors.

²Chemicals & Products Adjusted Earnings at a subsegment level are as follows – Chemicals $(0.1) billion and Products $0.6 billion.

CFFO of $14.7 billion for Q3 2024 includes a working capital inflow of $2.7 billion mainly due to lower prices. CFFO reflects tax payments of $3.0 billion. Net debt reduced by $3.1 billion over the quarter to $35.2 billion ($9.6 billion excluding lease liabilities).

$ billion¹	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024
Divestment proceeds	0.3	0.6	1.0	0.8	0.2
Free cash flow	7.5	6.9	9.8	10.2	10.8
Net debt	40.5	43.5	40.5	38.3	35.2

¹ Reconciliation of non-GAAP measures can be found in the unaudited results, available at www.shell.com/investors.

Q3 2024 FINANCIAL PERFORMANCE DRIVERS

INTEGRATED GAS

Key data	Q2 2024	Q3 2024	Q4 2024 outlook
Realised liquids price ($/bbl)	68	63	—
Realised gas price ($/thousand scf)	7.6	7.9	—
Production (kboe/d)	980	941	900 – 960
LNG liquefaction volumes (MT)	6.9	7.5	6.9 – 7.5
LNG sales volumes (MT)	16.4	17.0	—

Adjusted Earnings were higher than in Q2 2024, due to higher LNG liquefaction volumes. Trading and optimisation results
were in line with a strong Q2 2024.
Q4 2024 production outlook reflects scheduled maintenance at Pearl GTL in Qatar.

UPSTREAM

Key data	Q2 2024	Q3 2024	Q4 2024 outlook
Realised liquids price ($/bbl)	78	75	—
Realised gas price ($/thousand scf)	6.2	6.6	—
Liquids production (kboe/d)	1,297	1,321	—
Gas production (million scf/d)	2,818	2,844	—
Total production (kboe/d)	1,783	1,811	1,750 – 1,950

Adjusted Earnings were higher than in Q2 2024, as lower prices were offset by lower well write-offs than in the previous quarter.

MARKETING

Key data	Q2 2024	Q3 2024	Q4 2024 outlook
Marketing sales volumes (kb/d)	2,868	2,945	2,550 – 3,050
Mobility (kb/d)	2,078	2,119	—
Lubricants (kb/d)	84	81	—
Sectors & Decarbonisation (kb/d)	706	745	—

Wholesale commercial fuels, previously reported in the Chemicals & Products segment, is reported in the Marketing segment (Mobility) with effect from Q1 2024.
Comparative information for the Marketing segment and the Chemicals & Product segment has been revised.

Adjusted Earnings were higher than in Q2 2024 due to improved Mobility unit margins and impact of seasonally higher volumes.

CHEMICALS & PRODUCTS

Key data	Q2 2024	Q3 2024	Q4 2024 outlook
Refinery processing intake (kb/d)	1,429	1,305	—
Chemicals sales volumes (kT)	3,052	3,015	—
Refinery utilisation (%)	92	81	75 – 83
Chemicals manufacturing plant utilisation (%)	80	76	72 – 80
Global indicative refining margin ($/bbl)	7.7	5.5	—
Global indicative chemical margin ($/t)	155	164	—

Wholesale commercial fuels, previously reported in the Chemicals & Products segment, is reported in the Marketing segment (Mobility) with effect from Q1 2024.

Comparative information for the Marketing segment and the Chemicals & Products segment has been revised.

Lower refining margins in Q3 2024 were driven by a stabilising market with increased supply. Chemicals Adjusted Earnings
were lower than in Q2 2024 due to lower utilisation and lower realised prices.
Trading and optimisation results were in line with Q2 2024.

RENEWABLES & ENERGY SOLUTIONS

Key data	Q2 2024	Q3 2024
External power sales (TWh)	74	79
Sales of pipeline gas to end-use customers (TWh)	148	148
Renewables power generation capacity (GW)*	7.1	7.3
in operation (GW)	3.3	3.4
under construction and/or committed for sale (GW)	3.8	3.9

*Excludes Shell’s equity share of associates where information cannot be obtained.

Adjusted Earnings were in line with Q2 2024.

Renewables and Energy Solutions includes activities such as renewable power generation, the marketing and trading and optimisation of power and pipeline gas, as well as carbon credits, and digitally enabled customer solutions.
It also includes the production and marketing of hydrogen, development of commercial carbon capture and storage hubs, investment in nature-based projects that avoid or reduce carbon emissions, and Shell Ventures, which invests in companies that work to accelerate the energy and mobility transformation.

CORPORATE

Key data	Q2 2024	Q3 2024	Q4 2024 outlook
Adjusted Earnings ($ billion)	(0.6)	(0.6)	(0.8) – (0.6)

The Adjusted Earnings outlook is a net expense of $2.2 – 2.4 billion for the full year 2024.

UPCOMING ANNOUNCED INVESTOR EVENTS

January 30, 2025	Fourth quarter 2024 results and dividends
May 2, 2025	First quarter 2025 results and dividends
July 31, 2025	Second quarter 2025 results and dividends
October 30, 2025	Third quarter 2025 results and dividends

USEFUL LINKS

Results materials Q 3 2024

Quarterly Databook Q 3 2024

Webcast registration Q3 2024

Dividend announcement Q 3 2024

ALTERNATIVE PERFORMANCE (NON-GAAP) MEASURES

This announcement includes certain measures that are calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles (GAAP) such as IFRS, including Adjusted Earnings, Adjusted EBITDA, CFFO excluding working capital movements, Cash capital expenditure, free cash flow, Divestment proceeds and Net debt. This information, along with comparable GAAP measures, is useful to investors because it provides a basis for measuring Shell plc’s operating performance and ability to retire debt and invest in new business opportunities. Shell plc’s management uses these financial measures, along with the most directly comparable GAAP financial measures, in evaluating the business performance.

This announcement may contain certain forward-looking non-GAAP measures for cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile the non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of the company, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are estimated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

CAUTIONARY STATEMENT

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. “Subsidiaries”, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; “anticipate”; “believe”; “commit”; “commitment”; “could”; “estimate”; “expect”; “goals”; “intend”; “may”; “milestones”; “objectives”; “outlook”; “plan”; “probably”; “project”; “risks”; “schedule”; “seek”; “should”; “target”; “will”; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this [report], including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak, regional conflicts, such as the Russia-Ukraine war, and a significant cyber security breach; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2023 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this [report] and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, October 31, 2024. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

All amounts shown throughout this announcement are unaudited. The numbers presented throughout this announcement may not sum precisely to the totals provided and percentages may not precisely reflect the absolute figures, due to rounding.

Shell’s Net Carbon Intensity

Also, in this announcement we may refer to Shell’s “Net Carbon Intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “Net Carbon Intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s Net-Zero Emissions Target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target, as this target is currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

The content of websites referred to in this announcement does not form part of this announcement.

We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

The financial information presented in this announcement does not constitute statutory accounts within the meaning of section 434(3) of the Companies Act 2006 (“the Act”). Statutory accounts for the year ended December 31, 2023 were published in Shell’s Annual Report and Accounts, a copy of which was delivered to the Registrar of Companies for England and Wales, and in Shell’s Form 20-F. The auditor’s report on those accounts was unqualified, did not include a reference to any matters to which the auditor drew attention by way of emphasis without qualifying the report and did not contain a statement under sections 498(2) or 498(3) of the Act.

The information in this announcement does not constitute the unaudited condensed consolidated financial statements which are contained in Shell’s third quarter 2024 unaudited results available on www.shell.com/investors.

CONTACTS

Media: International +44 207 934 5550; USA +1 832 337 4355

The MIL Network –

January 25, 2025

MIL-OSI: Shell plc Third Quarter 2024 Interim Dividend

Source: GlobeNewswire (MIL-OSI)

Shell plc Third Quarter 2024 Interim Dividend

London, October 31, 2024 − The Board of Shell plc (the “Company”) (XLON: SHEL, XNYS: SHEL, XAMS: SHELL) today announced an interim dividend in respect of the third quarter of 2024 of US$ 0.344 per ordinary share.

Details relating to the third quarter 2024 interim dividend

Per ordinary share (GB00BP6MXD84)	Q3 2024
Shell Shares (US$)	0.344

Shareholders will be able to elect to receive their dividends in US dollars, euros or pounds sterling.

Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros.

Absent any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members)) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling.

The pound sterling and euro equivalent dividend payments will be announced on December 9, 2024.

Per ADS (US7802593050)	Q3 2024
Shell ADSs (US$)	0.688

Cash dividends on American Depositary Shares (“ADSs”) will be paid, by default, in US dollars.

Each ADS represents two ordinary shares. ADSs are evidenced by an American Depositary Receipt (“ADR”) certificate. In many cases the terms ADR and ADS are used interchangeably.

Dividend timetable for the third quarter 2024 interim dividend

Event	Date
Announcement date	October 31, 2024
Ex- Dividend Date for ADSs	November 15, 2024
Ex- Dividend Date for ordinary shares	November 14, 2024
Record date	November 15, 2024
Closing of currency election date (see Note below)	November 29, 2024
Pound sterling and euro equivalents announcement date	December 9, 2024
Payment date	December 19, 2024

Note

A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.

Taxation – cash dividends

If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor.

Dividend Reinvestment Programmes (“DRIP”)

The following organisations offer Dividend Reinvestment Plans (“DRIPs”) which enable the Company’s shareholders to elect to have their dividend payments used to purchase the Company’s shares:

Equiniti Financial Services Limited (“EFSL”), for those holding shares (a) directly on the register as certificate holder or as CREST Member and (b) via the Shell Corporate Nominee;
ABN-AMRO NV (“ABN”) for Financial Intermediaries holding shares via Euroclear Nederland;
JPMorgan Chase Bank, N.A. (“JPM”) for holders of ADSs; and
Other DRIPs may also be available from the intermediary through which investors hold their shares and ADSs.

These DRIP offerors provide their DRIPs fully on their account and not on behalf of the Company. Interested parties should contact the relevant DRIP offeror directly.

More information can be found at https://www.shell.com/drip

To be eligible to participate in the DRIPs for the next dividend, shareholders must make a valid dividend reinvestment election before the published date for the close of elections.

Enquiries
Media International: +44 207 934 5550
Media Americas: +1 832 337 4355

Cautionary Note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The term “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-Looking Statements
This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak, regional conflicts, such as the Russia-Ukraine war, and a significant cybersecurity breach; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2023 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, October 31, 2024. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

Shell’s Net Carbon Intensity
Also, in this announcement we may refer to Shell’s “Net Carbon Intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “Net Carbon Intensity” or NCI are for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s net-zero emissions target
Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target, as this target is currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

Forward-Looking non-GAAP measures
This announcement may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

The contents of websites referred to in this announcement do not form part of this announcement.

LEI number of Shell plc: 21380068P1DRHMJ8KU70
Classification: Additional regulated information required to be disclosed under the laws of a Member State

The MIL Network –

January 25, 2025

MIL-OSI: Shell announces commencement of a share buyback programme

Source: GlobeNewswire (MIL-OSI)

Shell plc

Shell announces commencement of a share buyback programme

October 31, 2024

Shell plc (the ‘Company’) today announces the commencement of a $3.5 billion share buyback programme covering an aggregate contract term of approximately three months (the ‘programme’). The purpose of the programme is to reduce the issued share capital of the Company. All shares repurchased as part of the programme will be cancelled. It is intended that, subject to market conditions, the programme will be completed prior to the Company’s Q4 2024 results announcement, scheduled for January 30, 2025.

The Company has entered into an arrangement with a single broker consisting of two irrevocable, non-discretionary contracts, to enable the purchase of ordinary shares on both London market exchanges (the London Stock Exchange and/or on BATS and/or on Chi-X) (pursuant to one ‘London contract’) and Netherlands exchanges (Euronext Amsterdam and/or on CBOE Europe DXE and/or on Turquoise Europe) (pursuant to one ‘Netherlands contract’) for a period up to and including January 24, 2025. The aggregate maximum consideration for the purchase of ordinary shares under the London contract is $2.1 billion and the maximum consideration for the purchase of ordinary shares under the Netherlands contract is $1.4 billion. Purchases under the London contract will be carried out in accordance with the Company’s authority¹ to repurchase shares on-market and will be effected within certain contractually agreed parameters. Purchases under the Netherlands contract will be carried out in accordance with the Company’s authority¹ to repurchase shares off-market pursuant to the off-market share buyback contract approved by its shareholders and the parameters set out therein.

The maximum number of ordinary shares which may be purchased or committed to be purchased by the Company under the programme (across both contracts) is 525,000,000, which is the maximum number remaining as of the date of this announcement pursuant to the relevant authorities granted by shareholders at the Company’s 2024 Annual General Meeting¹.

The broker will make its trading decisions in relation to the Company’s securities independently of the Company.

The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules, Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (‘EU MAR’) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced including by relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time and the Commission Delegated Regulation (EU) 2016/1052 (the ‘EU MAR Delegated Regulation’) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced, including by relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.

¹ The existing shareholder authorities to buy back shares granted at the Company’s 2024 Annual General Meeting will expire at the earlier of the close of business on August 20, 2025, and the end of the date of the Company’s 2025 Annual General Meeting. The Company expects to seek renewal of shareholder authority to buy back shares at subsequent Annual General Meetings.

Enquiries

Media International: +44 (0) 207 934 5550

Media Americas: +1 832 337 4355

Cautionary Note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The term “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-Looking Statements

This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak, regional conflicts, such as the Russia-Ukraine war, and a significant cybersecurity breach; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2023 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, October 31, 2024. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

Shell’s Net Carbon Intensity

Also, in this announcement we may refer to Shell’s “Net Carbon Intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “Net Carbon Intensity” or NCI are for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s net-zero emissions target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target, as this target is currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

Forward-Looking non-GAAP measures

This announcement may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

The contents of websites referred to in this announcement do not form part of this announcement.

We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares.

The MIL Network –

January 25, 2025

MIL-OSI: Shell Plc 2025 Interim Dividend Timetable

Source: GlobeNewswire (MIL-OSI)

SHELL PLC 2025 INTERIM DIVIDEND TIMETABLE

London, October 31, 2024

The Board of Shell plc today announced the intended timetable for the 2025 quarterly interim dividends.

2025 Interim Dividend Timetable

Event	4^th Quarter 2024	1^st Quarter 2025	2^nd Quarter 2025	3^rd Quarter 2025
Announcement date	January 30, 2025	May 2, 2025	July 31, 2025	October 30, 2025
Ex- Dividend Date for ADSs	February 14, 2025	May 16, 2025	August 15, 2025	November 14, 2025
Ex- Dividend Date for ordinary shares	February 13, 2025	May 15, 2025	August 14, 2025	November 13, 2025
Record date	February 14, 2025	May 16, 2025	August 15, 2025	November 14, 2025
Closing date for currency election (see Note below)	February 28, 2025	June 2, 2025	September 1, 2025	November 28, 2025
Pounds sterling and euro equivalents announcement date	March 10, 2025	June 9, 2025	September 8, 2025	December 8, 2025
Payment date	March 24, 2025	June 23, 2025	September 22, 2025	December 18, 2025

Note
A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.

The 2025 interim dividend timetable is also available on www.shell.com/dividend.

Enquiries
Media International: +44 207 934 5550
Media Americas: +1 832 337 4355

Cautionary Note
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The term “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

The contents of websites referred to in this announcement do not form part of this announcement.

LEI number of Shell plc: 21380068P1DRHMJ8KU70
Classification: Additional regulated information required to be disclosed under the laws of a Member State

The MIL Network –

January 25, 2025

MIL-OSI USA: President’s Council of Advisors on Science and Technology

US Senate News:

Source: The White House
By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to establish an advisory council on science and technology, it is hereby ordered as follows:
Section 1. Purpose. The American story is one of boundless creativity and bold ambition, driven by an indomitable pioneering spirit that propels exploration and discovery. It is this spirit that illuminated the world with Edison’s lightbulb, carried the Wright brothers into the skies, and sent Armstrong to the moon. Today, a new frontier of scientific discovery lies before us, defined by transformative technologies such as artificial intelligence, quantum computing, and advanced biotechnology. Breakthroughs in these fields have the potential to reshape the global balance of power, spark entirely new industries, and revolutionize the way we live and work. As our global competitors race to exploit these technologies, it is a national security imperative for the United States to achieve and maintain unquestioned and unchallenged global technological dominance. To secure our future, we must harness the full power of American innovation by empowering entrepreneurs, unleashing private-sector creativity, and reinvigorating our research institutions.
At the heart of scientific progress lies the pursuit of truth. But this foundational principle, which has driven every major breakthrough in our history, is increasingly under threat. Today, across science, medicine, and technology, ideological dogmas have surfaced that elevate group identity above individual achievement, enforce conformity at the expense of innovative ideas, and inject politics into the heart of the scientific method. These agendas have not only distorted truth but have eroded public trust, undermined the integrity of research, stifled innovation, and weakened America’s competitive edge.
This order establishes the President’s Council of Advisors on Science and Technology to unite the brightest minds from academia, industry, and government to guide our Nation through this critical moment by charting a path forward for American leadership in science and technology.
Sec. 2. Establishment. (a) There is hereby established the President’s Council of Advisors on Science and Technology (PCAST).(b) The PCAST shall be composed of not more than 24 members. The Assistant to the President for Science and Technology (APST) and the Special Advisor for AI & Crypto shall be members of the PCAST. If also serving as the Director of the Office of Science and Technology Policy, the APST may designate the U.S. Chief Technology Officer as a member. The remaining members shall be distinguished individuals and representatives from sectors outside of the Federal Government appointed by the President. These non-Federal members shall have diverse perspectives and expertise in science, technology, education, and innovation.(c) The APST and the Special Advisor for AI & Crypto shall serve as Co-Chairs of the PCAST. The Co-Chairs may designate up to two Vice Chairs of the PCAST from among the non-Federal members of the PCAST, to support the Co-Chairs in the leadership and organization of the PCAST.
Sec. 3. Functions. (a) The PCAST shall advise the President on matters involving science, technology, education, and innovation policy. The Council shall also provide the President with scientific and technical information that is needed to inform public policy relating to the American economy, the American worker, national and homeland security, and other topics.(b) The PCAST shall meet regularly and shall:(i)    respond to requests from the President or the Co-Chairs for information, analysis, evaluation, or advice;(ii) solicit information and ideas from a broad range of stakeholders, including the research community; the private sector; universities; national laboratories; State, local, and Tribal governments; foundations; and nonprofit organizations;(iii) serve as the advisory committee identified in section 101(b) of the High-Performance Computing Act of 1991 (Public Law 102-194), as amended (15 U.S.C. 5511(b)), in which capacity the PCAST shall be known as the President’s Innovation and Technology Advisory Committee; and(iv)    serve as the advisory panel identified in section 4 of the 21st Century Nanotechnology Research and Development Act (Public Law 108-153), as amended (15 U.S.C. 7503), in which capacity the PCAST shall be known as the National Nanotechnology Advisory Panel.(c) The PCAST shall provide advice from the non-Federal sector to the National Science and Technology Council (NSTC) in response to requests from the NSTC.
Sec. 4. Administration. (a) The heads of executive departments and agencies shall, to the extent permitted by law, provide the PCAST with information concerning scientific and technological matters when requested by the PCAST Co-Chairs and as required for the purpose of carrying out the PCAST’s functions.(b) In consultation with the Co-Chairs, the PCAST is authorized to create standing subcommittees and ad hoc groups, including technical advisory groups, to assist the PCAST and provide preliminary information directly to the PCAST.(c) In order to allow the PCAST to provide advice and analysis regarding classified matters, the Co-Chairs may request that members of the PCAST, its standing subcommittees, or ad hoc groups who do not hold a current clearance for access to classified information receive security clearance and access determinations pursuant to Executive Order 12968 of August 2, 1995 (Access to Classified Information), as amended, or any successor order.(d) The Department of Energy shall provide such funding and administrative and technical support as the PCAST may require, to the extent permitted by law and as authorized by existing appropriations.(e) Members of the PCAST shall serve without any compensation for their work on the PCAST, but may receive travel expenses, including per diem in lieu of subsistence, as authorized by law for persons serving intermittently in the government service (5 U.S.C. 5701–5707).(f) Insofar as the Federal Advisory Committee Act, as amended (5 U.S.C. App.), may apply to the PCAST, any functions of the President under that Act, except that of reporting to the Congress, shall be performed by the Secretary of Energy, in accordance with the guidelines and procedures established by the Administrator of General Services.
Sec. 5. Termination. The PCAST shall terminate 2 years from the date of this order unless extended by the President.
Sec. 6. Revocation. Executive Order 14007 of January 27, 2021 (President’s Council of Advisors on Science and Technology), as amended by Executive Order 14109 of September 29, 2023 (Continuance of Certain Federal Advisory Committees and Amendments to Other Executive Orders), is hereby revoked.
Sec. 7. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect:(i)   the authority granted by law to an executive department or agency, or the head thereof; or(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.(c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
THE WHITE HOUSE    January 23, 2025.

MIL OSI USA News –

January 25, 2025
MIL-OSI Economics: Asian Development Blog: How to Build Deep and Liquid Capital Markets in Asia and the Pacific

Source: Asia Development Bank

Overcoming poor market depth and liquidity is crucial for Asia’s capital markets to grow and remain attractive to investors. A coordinated approach addressing regulatory frameworks, market infrastructure, and risk management is essential for building resilient, diverse, and efficient markets.

Since the Asian financial crisis of the late 1990s, authorities in jurisdictions around the region have aimed to deepen their domestic capital markets. And capital markets have indeed grown: funds raised in equity markets grew from 1.3% of GDP in 1990‒1998 to 1.6% in 2008‒2016. In the bond markets, they tripled from 1.6% to 4.5% of GDP.

Over the last three years, however, poor market depth and liquidity have impeded market development and reduced the attractiveness of the region as an investment destination, according to the Asia Pacific Capital Markets Survey by the Asia Securities Industry and Financial Market Association.

Issuers of securities in emerging markets also face more volatile primary markets, incur higher costs of capital, and have limited funding diversity compared to developed markets. And the investors face narrow and fewer investment opportunities across asset classes.

Few dispute the importance of capital markets to economies. They transfer capital to productive economic activities and enable low-cost allocation of savings while minimizing the risks.

The liquidity and resiliency of the domestic capital market buffers financial intermediation activities when the banking system is under severe stress and provides an alternative to international financing.

A deep and liquid capital market features several factors. It offers a variety of investment instruments, a clear regulatory and transactional framework enabling low-cost access, and pricing efficiency in both primary and secondary markets, all while minimizing information asymmetry.

A deep and liquid market also provides avenues to hedge or mitigate the risk associated with financial instruments, and is able gather vast and diverse participation from capital providers with differing investment objectives and risk appetites.

In Asian corporate bond markets, the typical issue size is below $200 million and transaction size in the secondary market is relatively small. In the limited primary market, meanwhile, distribution further limits availability of instruments for secondary market trading and the behavior of market intermediaries and investors. Such factors contribute to poor secondary market activity, low market depth, and resiliency.

The absence of active repurchase, securities lending and borrowing, short-selling or derivatives further hampers market depth and liquidity, effectively creating a one-way market that cannot adjust itself to rising interest rates or falling prices. Asia Securities Industry and Financial Market Association respondents rank these as the second most important market impediment.

Availability of long-term funding is another important factor. Less developed markets in Asia tend to rely more on short-term debt than mature markets such as Singapore or Malaysia. Indonesia and the Philippines for instance have an average maturity of less than 5 years in their corporate bond markets.

Several constraints continue to impede capital market development in this region. Chief among them is the preference of corporations to seek funding from internal sources and the banking system.

This is a natural consequence of firms maximizing cost of capital and the complexity of accessing public markets, which remains mostly only in the reach of larger firms. The imbalances between applying the right regulatory framework to support effective disclosure and promote market conduct and investor protection can significantly affect access and market confidence.

The lack of diversity and capacity of the investment community may also hinder development if the regulatory environment does not facilitate effective risk-taking behavior, apply unnecessary constraints that affect financial returns, or inhibit free flow of capital.

Technologically outdated market infrastructure and intermediary models that do not incentivize or appropriately reward participation that promotes liquidity and resiliency may compound these problems.

Addressing the challenges to capital market deepening, amid these complexities, therefore requires a consolidated approach across many interrelated markets and great coordination among development partners.

The building blocks of development areas will entail careful consideration of the multifaceted needs of investors, issuers, and intermediaries in meeting their investing, financing, and risk hedging requirements.

Development will be dictated by the decision-making infrastructure, the cost and efficiency factor of market access, and the preferred intermediation model. Policy makers guidance through capital market development plans helps promote transparency in the sequencing of policy reform measures.

Also high on the agenda is a facilitative regulatory environment that eases access to funds, that is moving towards a market-based disclosure regime complemented by strong oversight. This must be complemented by sufficient issuer side strategies to incentivize access supported by a strong regulatory, legal, and judicial system.

This can protect investors, prevent market abuse, and enhance predictability and efficiency of insolvency matters. Stronger information infrastructure—reporting and disclosure, ratings, accessibility of pre- and post-trade data, research information, and the development of benchmark markets—significantly contribute to market depth and facilitate pricing efficiency.

Building the right market architecture is likewise critical. It needs to consider the role of market intermediaries, its risk-taking behavior, access and distribution channels, and choose the right execution or market operators (exchange/electronic trading facility/over the counter market).

These can ensure suitability of products to the type of trading venue. Proper design of the supporting intermediary model that can efficiently execute trades, minimize price disequilibrium, and reward participation is also paramount in building liquid, broad, deep, and resilient markets.

Authorities should also promote competition among intermediaries and market operators to improve service quality and reduce intermediation cost. Policy makers must also embrace and facilitate use of technology to transform market infrastructure in trading, depository, settlement, and payments with global integration capabilities.

Development of supporting markets such as repurchase and securities borrowing and lending and derivatives, meanwhile, is critical to facilitating hedging and funding activities. And this must be supported by a legal and regulatory environment that provides netting certainty, allows short selling, and currency convertibility.

Finally, efforts must concentrate on deepening the domestic investor base, doing so prudently and complemented by strong and continuous investor education. Authorities must also promote institutional investor penetration and increase sophistication.

Asia’s capital markets require a comprehensive strategy that includes strengthening market infrastructure, enhancing regulatory frameworks, and fostering competition among intermediaries to achieve greater liquidity and depth. Coordinated efforts from authorities, market participants, and policymakers are critical to unlocking the full potential of capital markets and creating sustainable economic growth.

MIL OSI Economics –

January 25, 2025
MIL-OSI USA: The First 100 Hours: Historic Action to Kick off America’s Golden Age

US Senate News:

Source: The White House
class=”has-text-align-left”>President Donald Trump’s second term is off to an historic start. The President is wasting no time delivering on the promises he made to the American people. The President signed more executive orders on his first day in office than any other president in history. Within the first 100 hours of his second administration, President Trump taken hundreds of executive actions to secure the border, deport criminal illegal immigrants, unleash American prosperity, lower costs, increase government transparency, and reinstitute merit-based hiring in the federal government. The President has already secured over $1 trillion in historic new investments.
We’re witnessing the Trump Effect:
President Trump is securing historic investments just days after being sworn in.
President Trump secured $500 billion in private sector investment for the largest AI infrastructure project in history, with Softbank CEO Masayoshi Son, Oracle co-founder Larry Ellison and OpenAI CEO Sam Altman all stating that it would not have been possible if not for President Trump’s election victory and leadership.
Saudi Arabia “wants to invest $600 billion in the United States over the next four years.”
Stellantis announced it will restart an assembly plant in Illinois and build the new Dodge Durango in Detroit.
The Detroit Free Press: “The news, announced in a letter Wednesday to employees from North America Chief Operating Officer Antonio Filosa, also provided some good news to workers in Toledo, Ohio, and Kokomo, Indiana, where investments are planned. The Belvidere plant will start production of a new midsize truck in the next two years. The letter said company Chairman John Elkann had met last week with President Donald Trump before his inauguration on Monday. Elkann shared ‘our enthusiasm for his strong commitment to the United States auto industry and all that this means for American jobs and the broader economy.’”

President Trump is already securing the border and arresting criminal illegal immigrants.
The Border Patrol is reporting a significant drop already in attempted illegal crossings.
Fox News: “The U.S. southern border has seen a sharp drop in illegal immigrant encounters in the first days of the Trump administration, compared to the final few days of the Biden administration.”
ICE is at work rounding up criminal aliens.
Fox News: “Information obtained by Fox News Digital, shows that between midnight Jan. 21 and 9 a.m. Jan 22, a 33-hour period, ICE Enforcement and Removal Operations (ERO) arrested more than 460 illegal immigrants that include criminal histories of sexual assault, robbery, burglary, aggravated assault, drugs and weapons offenses, resisting arrest and domestic violence.”
Breitbart News: “President Donald Trump’s administration arrested 538 illegal aliens on Thursday, ranging from child predators to gang members and a suspected terrorist.”

The Trump Administration immediately shut down the CBP One app, which “paroled” over 1 million illegal immigrants.
Deportation flights have already started and the military is assisting with the effort.
The Department of Homeland Security reinstated official use of the term “illegal alien” over “undocumented noncitizen,” and the DOJ announced it would be taking action against lawless sanctuary city policies.
President Donald Trump signed an executive order to designate the cartels as terrorist organizations.

Common sense has been restored to the government.
President Trump signed a series of executive orders ensuring the elimination of discriminatory DEI practices and ensuring merit-based hiring.
DEI staff are being placed on leave.
The Federal Aviation Administration must now return to merit-based hiring.
President Trump ended an affirmative action mandate in federal government hiring.
President Trump signed an executive order affirming the reality that there are only two sexes.
The State Department issued guidance that embassies should only be flying the American flag, and not any activist flags.
President Donald Trump signed an executive order telling agencies to stop remote work practices and directing workers to return to the office.
The State Department subsequently ordered workers to return to working in the office.
President Donald Trump is unleashing American energy.
President Trump declared a National Energy Emergency to unlock America’s full energy potential and bring down costs for American families.
President Trump rescinded every one of Joe Biden’s industry-killing, pro-China, and anti-American energy regulations, empowering consumer choice in vehicles, showerheads, toilets, washing machines, lightbulbs, and dishwashers.
President Trump withdrew the United States from the disastrous Paris Climate Agreement that unfairly ripped off our country.
President Trump paused all new federal leasing and permitting for massive wind farms that degrade our natural landscapes and fail to serve American energy consumers.
President Trump reversed the burdensome regulations that impeded Alaska’s ability to develop its vast natural resources.
President Trump terminated Biden’s harmful electric vehicle mandate.

These opening few days can be summarized as Promises Made, Promises Kept:
President Donald Trump said he would declassify the JFK Files. He did.
President Donald Trump said he would end the EV mandate. He did.
President Donald Trump said he would have the backs of the brave men and women in law enforcement. He did just that by pardoning two Washington D.C. Police officers that were unjustly prosecuted. The Metropolitan Police Department thanked President Trump for the pardon.
President Donald Trump said he would use the military to secure the border. The Pentagon is deploying troops to the border and the Coast Guard is surging assets to the Gulf of America.
President Trump said we would drill, baby, drill. The President signed executive orders to open up offshore drilling and allow more energy exploration in Alaska.
President Donald Trump said he would end the weaponization of government. He signed an executive order doing just that.
President Donald Trump said he would pardon the J6 Hostages. He did.
President Donald Trump said he would end government censorship. On his first day in office, he signed an executive order restoring freedom of speech and ending government censorship.
President Trump is being praised for his historic leadership:
The Steel Manufacturers Association: “President Trump has repeatedly demonstrated his strong support for American steel workers. He reiterated that support on day one by directing his agencies to investigate unfair trade and its impact on domestic manufacturing.”
American Fuel & Petrochemical Manufacturers President and CEO Chet Thompson: “President Trump promised to end gas car bans and vehicle mandates on Day 1 of his new administration, and we are pleased to see that work already underway. Thank you, President Trump.”
American Petroleum Institute President and CEO Mike Sommers: “Americans sent a clear message at the ballot box, and President Trump is answering the call on Day 1. U.S. energy dominance will drive our nation’s economic and security agenda. This is a new day for American energy, and we applaud President Trump for moving swiftly to chart a new path where U.S. oil and natural gas are embraced, not restricted.”
Job Creators Network CEO Alfredo Ortiz: “Trump’s two-fold approach of boosting oil and gas production and repealing the Biden administration’s green energy mandates will make American energy cheaper, reliable and more efficient.”
Mortgage Bankers Association President and CEO Bob Broeksmit: “President Trump campaigned on lowering costs for Americans, and we appreciate housing supply and affordability being included in an executive order on this issue. We support efforts to cut unnecessary regulatory red tape and to pursue federal housing program enhancements that make renting and homeownership more attainable and sustainable.”
Professional Trucking Association Group: “President Trump’s decision to freeze regulations and curtail bureaucratic overreach is commendable. This is precisely what America needs: reduced government interference and increased freedom for small trucking businesses and entrepreneurs to flourish.”
NetChoice CEO Steve DelBianco: “Upon returning to office, President Trump showed that America is ready to lead in tech and innovation again. By repealing Biden’s restrictive rules on energy production and AI development, the president is steering America to remain dominant in creating the best technology in the world.”
United Against Nuclear Iran Chairman Governor Jeb Bush and CEO Ambassador Mark Wallace: “We applaud President Trump for his decision today to redesignate the Houthis as an FTO. UANI in its recommended action plan for the Trump administration’s first 100 days suggested that the president redesignate the Houthis as an FTO. This will now provide the U.S. government additional authorities to hold the Houthis accountable for their threats to international commerce and U.S. allies and partners.”

MIL OSI USA News –

January 25, 2025
MIL-OSI Russia: Vitaly Savelyev: Pumping out fuel oil from the tanker Volgoneft-239 is completely completed

Translartion. Region: Russians Fedetion –

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

Specialists from the Marine Rescue Service of the Ministry of Transport of Russia completed the pumping out of fuel oil from the main and ballast tanks of the aft section of the Volgoneft-239 tanker, which sank near Cape Panagia on December 15, 2024, ahead of schedule. The cleaning of the tanks for dismantling and subsequent disposal has begun. This was reported by the chairman of the government commission for the elimination of the consequences of the tanker wreck, Deputy Prime Minister Vitaly Savelyev.

Between January 19 and 25, 1,488 tons of fuel oil were pumped from the tanker into bitumen carriers, after which it was transferred to 20 railway tank cars.

To be able to pump out the fuel oil, specialists restored the ship’s standard equipment, including the pumping and cargo heating system. In order for the fuel oil to become fluid, its temperature had to reach 45 degrees.

A temporary road was built to allow equipment to reach the tanker, and a protective embankment was created around the hull. This embankment served as an artificial hydraulic structure, protecting the vessel from the storm and preventing fuel oil from spilling into the sea.

A special platform reinforced with concrete slabs was built on the embankment close to the tanker. It provided passage for loaded bitumen carriers transporting fuel oil from the ship.

Eight machines were involved in the round-the-clock pumping operations. During the entire period of the work, 87 bitumen trucks were removed from the tanker. The remaining fuel oil that could not be unloaded by ship equipment was pumped out using hand pumps.

To ensure the environmental safety of the area, even before the work began, the Marine Rescue Service concentrated a group of emergency rescue fleet in the amount of up to 10 vessels. The fleet’s tasks included setting up boom barriers in the work area, which ensured the localization of oil products and the prevention of further pollution of the sea.

Currently, a project for the disposal of the stern of the vessel as sunken property is being prepared. According to the order of the captain of the seaport of Taman, the development of the project should have been completed by January 30. Before the start of work on cutting the vessel, a number of special events will be held. Also, the order of the captain of the seaport of Taman states that by March 31, all work on cutting the vessel and its removal should be completely completed.

Vitaly Savelyev thanked all the participants of this complex technological operation: sailors, divers, road workers, railway workers, volunteers, the OTEKO company, and employees of regional and federal authorities.

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 –

January 25, 2025
MIL-OSI Russia: Happy birthday to Grigory Gurov!

Translation. Region: Russian Federation –

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

On October 31, the State University of Management and the most active youth of Russia congratulate the head of the Federal Agency for Youth Affairs (Rosmolodezh), associate professor of the Department of Public and Municipal Management of the State University of Management Grigory Gurov on his birthday!

Grigory Aleksandrovich began working in the field of youth policy when he was still a student at the North Caucasus Humanitarian and Technical Institute. And since graduating in 2006, he has not changed his chosen career direction, working and devoting himself to various specialized organizations in his native Stavropol Krai. In 2017, he moved to Moscow and held leadership positions in Rosmolodezh for four years. Later, for about a year and a half, he was Deputy Minister of Science and Higher Education of the Russian Federation. In December 2022, he headed the Russian Movement of Children and Youth “Movement of the First”, and in September of this year he became the head of Rosmolodezh.

We wish the birthday boy further career success, even more implemented projects of all-Russian scale and state awards for his work. Knowing the simplicity and humanity of Grigory Gurov, there is a feeling that his main priorities are that all the youth of the country are happy, have maximum opportunities for self-realization and grow up as law-abiding citizens. At the same time, he himself will only need comfortable jeans and sneakers to attend many events aimed at his wards. This is why we especially love, respect and appreciate him!

Subscribe to the TG channel “Our GUU” Date of publication: 10/31/2024

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 –

January 25, 2025
MIL-OSI China: Xi calls for pooling wisdom, strength to advance reform in steady and sustained manner

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

Xi calls for pooling wisdom, strength to advance reform in steady and sustained manner

BEIJING, Oct. 31 — On the morning of Oct. 29, a study session for senior provincial and ministerial-level officials to study and implement the guiding principles of the Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC) was inaugurated at the Party School of the CPC Central Committee (National Academy of Governance). Xi Jinping, general secretary of the CPC Central Committee, Chinese president, and chairman of the Central Military Commission, delivered an important speech at the opening ceremony. He emphasized the need to further study and implement the guiding principles of the third plenum, calling for guiding the entire Party and the nation to have more confidence in reform, and pool collective wisdom and strength to advance reform in a steady and sustained manner.

Li Qiang presided over the opening ceremony. Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang, and Li Xi attended the event. They are all members of the Standing Committee of the Political Bureau of the CPC Central Committee. Han Zheng, Chinese vice president, also attended the event.

Xi noted that the Third Plenary Session of the 18th CPC Central Committee heralded a new journey to comprehensively deepen reform and to advance reform through systematic and comprehensive design in the new era. This session has broken new ground for reform and opening up, and is of epoch-making significance. Comprehensively deepening reform in the new era has yielded significant outcomes in practice, system, and theory, representing one of the most remarkable chapters in China’s history of reform and opening up. It has provided strong momentum and institutional support for building China into a moderately prosperous society in all respects, and for carrying on the “two great miracles” (sustained rapid economic growth and lasting social stability). It has also laid a solid foundation and offered valuable experience for further comprehensively deepening reform on the new journey.

Xi emphasized that maintaining the right political orientation and breaking new ground is a major principle that must be firmly upheld in further comprehensively deepening reform. China’s reform has direction and principles to follow. We must uphold the Party’s overall leadership, Marxism, socialism with Chinese characteristics, and the people’s democratic dictatorship, with promoting social fairness and justice as well as enhancing people’s well-being as our starting point and ultimate goal. These principles are fundamental, directional, and long-term, reflecting the nature and mission of the Party, conforming to China’s realities, and tallying with the fundamental interests of the people. They must be firmly upheld on any occasion and at any time. We should continue to improve and develop the socialist system with Chinese characteristics, work hard to realize the reform’s overall goal of modernizing the national governance system and governing capabilities, and consistently march forward in the direction guided by this overall goal, decisively reforming what should be reformed and never reforming what should not be reformed. In response to the new trends of the times, the new requirements for development, and the new expectations of the people, efforts should be made to advance reform in all aspects in a comprehensive and coordinated manner with an emphasis on economic structural reform, Xi said, urging vigorous work to promote innovations in theories, practice, institutions, culture, and other areas, so as to provide strong impetus and institutional support for Chinese modernization.

Noting that reform is a systematic undertaking, Xi said relevant work should be done through proper means and by carefully balancing concerns in various aspects. He underlined the need to adhere to the coordination between reform and the rule of law, advance the rule of law with reform measures, further deepen reform in the realm of law-based governance, and continuously better the system of socialist rule of law with Chinese characteristics. The role of the rule of law should be given better play in removing the obstacles in reform and consolidating the achievements of reform, and it is important to think in terms of the rule of law and adopt a law-based approach in advancing reform to ensure that major reforms are carried out in accordance with the law and the legitimate rights and interests of all citizens and legal entities are under equal protection, Xi said. He added that it is necessary to adhere to the dialectical unity of breaking the old and establishing the new, focusing on both parts with efforts for the latter coming first. What needs to be established should be put in place proactively; what is no longer needed should be repudiated in due course after what is needed is established; and reform should be promoted in a steady and rapid manner in the balanced development of both, Xi said. It is a must to maintain a unified approach to reform and opening up, steadily expand institutional opening up, actively align with international high-standard economic and trade rules, and deepen the reform of the management systems for foreign trade, foreign investment, and outbound investment, so as to create a first-class business environment that is market-oriented, law-based, and internationalized. It is essential to effectively manage the relationship between how work plans are made and how the arrangements are implemented. The design of reform plans must be made on the basis of how things should be done reasonably, and various measures for reform must be compatible with and support each other, so as to keep the orientation of the reform consistent. It is imperative to establish a working mechanism, under which responsibilities are clearly defined, and work in various aspects is well connected. Follow-up evaluation of work results must be strengthened to make sure that reform measures are implemented thoroughly and effectively.

Xi emphasized that officials, particularly senior officials, bear the crucial responsibility of advancing reform. They must cultivate a strong sense of political responsibility and historical mission, confront problems and challenges head-on with political courage to tackle difficulties, decisively address entrenched issues, face up to risks without hesitation, and strive to break new ground for reform and development. The right approach should be adopted to promote reform, arrangements must be made systematically, and actions should never be taken before decisions are made.

Xi noted that extensively building consensus and fully mobilizing all positive factors are quite important for smooth reform. It is imperative to do a good job in guiding public opinion, intensify efforts to conduct positive public communication, champion the overarching theme, and project positive energy. It is essential to conduct further research and interpretation on the major theoretical propositions put forward in the resolution adopted at the Third Plenary Session of the 20th CPC Central Committee, with a focus on strengthening public communication and interpretation of the propositions to the people. It is imperative to timely address confusions, respond to the concerns of society, and extensively build consensus, so as to consolidate the intellectual foundation and public support for the whole Party and entire society to jointly promote reform. Officials and the general public should be guided to think with a broad perspective and have a correct understanding of the adjustment of interests and personal gains and losses in the reform.

Xi finally stressed that all regions and departments must conscientiously implement a slew of major measures decided by the Political Bureau of the CPC Central Committee, implement the existing and new policies to the letter, and employ a combination of policies to ensure that good results are delivered from the work in the next two months, and the economic and social development goals and tasks set for this year are fulfilled.

Li Qiang, when presiding over the ceremony, said General Secretary Xi’s important speech is visionary, thought-provoking, incisive, and substantive. He said that the speech is of political, theoretical, targeted and guiding significance, and is of great importance for the Party, especially for senior officials, to comprehensively and faithfully understand the spirit of the Third Plenary Session of the 20th CPC Central Committee, and to grasp the guiding principles, overall targets, key rules and scientific methodology of the ongoing drive to further deepen reform. Studying the speech is also important for them to boost confidence in reform, follow the right direction, have a stronger sense of responsibility for reform, leverage synergies, and push for the desired delivery of reform measures.

It is imperative to study Xi’s speech with a sense of mission and responsibility, and a focus on solving problems to have a thorough understanding of the connotations, essence and practical requirements of the speech. It is imperative to profoundly understand the decisive significance of “Two Affirmations”, resolutely act on “Two Upholds”, effectively align our thoughts and actions with the spirit of Xi’s speech and the decisions and arrangements of the CPC Central Committee, and creatively implement the reform tasks, Li said.

Those who attended the ceremony included members of the Political Bureau of the CPC Central Committee, members of the Secretariat of the CPC Central Committee, vice-chairpersons of the Standing Committee of the National People’s Congress who are Party members, State Councilors, the president of the Supreme People’s Court, the vice-chairpersons of the National Committee of the Chinese People’s Political Consultative Conference who are Party members, and members of the Central Military Commission.

Those who participated in the study session included leading officials of all provinces, autonomous regions, municipalities, the Xinjiang Production and Construction Corps, the relevant central and state departments, relevant people’s organizations, centrally-administered financial institutions, enterprises, universities, as well as leading officials from various units of the People’s Liberation Army and the Armed Police Force. Leaders of the central committees of the other political parties, the All-China Federation of Industry and Commerce, and relevant sectors sat in on the opening ceremony.

Notes:

“Two Affirmations”:

The affirmation of Comrade Xi Jinping’s core position on the Party Central Committee and in the Party as a whole and the affirmation of the guiding role of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era.

“Two Upholds”:

“Two Upholds” refers to upholding General Secretary Xi Jinping’s core position on the CPC Central Committee and in the Party as a whole, and upholding the Central Committee’s authority and its centralized, unified leadership.

MIL OSI China News –

January 25, 2025
MIL-OSI New Zealand: Health – General practices welcome fast-track approvals process

Source: GenPro

A new fast-track approval process is a good start, but more is needed to fix New Zealand’s chronic GP shortage, says the General Practice Owners Association (GenPro)

Up to now, all doctors from overseas who applied for specialist registration in New Zealand have needed to have their qualifications, training and experience assessed by the relevant specialist medical college, which the New Zealand Medical Council says could take up to six months.

“The new fast-track process for specialists from the United Kingdom, Ireland and Australia will be completed within 20 working days, which is great news”.

A GenPro survey carried out in July found that nearly six out of 10 general practices had GP vacancies. Over-stretched general practices were reducing their hours, stopping new enrolments, and reducing their services, while patients in some areas were waiting weeks to see a doctor.

“While we welcome the fast-track process, the key problem remains. General practices are under- funded by Te Whatu Ora/Health New Zealand and restricted from increasing their patient fees. These long-standing problems and changes in patient health needs have eroded the financial sustainability of general practices, which means GPs are working harder for less money. Fast-tracking is a positive first step, with more work needed to tackle our workforce challenges.

“In addition to fast-tracking graduates, the government should focus on properly funding general practice so we can rebuild our depleted and over-stretched work force.

“GenPro agrees with Health Minister Shane Reti that internationally qualified doctors play an important role in providing quality care to New Zealanders, and we look forward to seeing further work on bringing in more suitably-trained doctors”.

GenPro, which represents about half of all general practices in Aotearoa, is ready to work with the Minister of Health and the Health NZ Commissioner to develop the solutions needed.

MIL OSI New Zealand News –

January 25, 2025
MIL-OSI Russia: “Science is international and aimed at the benefit of all mankind”

Translation. Region: Russian Federation –

Source: State University Higher School of Economics – State University Higher School of Economics –

Sharing research results

This year, our International Center for Decision Analysis and Choice at the National Research University Higher School of Economics celebrates its 15th anniversary. This HSE division carries out work that is at the forefront of scientific research in various fields, and we also interact a lot with various universities around the world. And almost every year we hold schools such as the autumn school “Advances in Decision Analysis”. Its goal is for scientists to learn what is being done in science around the world. Science is not Russian or American, English, science is international, it is aimed at the benefit of all humanity. We must constantly exchange research results. And within the framework of the school, we receive the very latest scientific work of the highest level. This is of great importance for our students and teachers. Lagging behind is dangerous, and our school exists to prevent it.

Comfortable format

The online format is convenient for our school. During Covid, we mastered this technology because people could not travel. In the current political situation, there are also restrictions, but the respect for our school is very high, so many foreign colleagues agreed to give presentations online. As part of the autumn school, we made several broadcasts on the Internet, which were joined by participants from various universities in Russia and around the world.

List of speakers

The first speaker was Professor Arunava Sen, one of India’s leading scientists who works at the Indian Statistical Institute. Some schools in India have an excess supply of teachers, while others have a shortage, and the speaker explained how to effectively reassign teachers, taking into account their wishes and the needs of the schools. Then Ahmed Alkan from Sabanci University, Turkey, one of the largest specialists in the field of generalized matchings, spoke – also completely new work related to representing these matchings in the form of lattices. The next speaker, Mario Guarracino from the University of Cassino, Italy, gave an amazing overview of neural network analysis methods and how neural networks operate. Eric Maskin, an employee of our center and a Nobel laureate, also spoke; I was delighted by his work on classical voting models. But he made very significant progress here. Alexey Myachin, also our employee, gave a report on completely new models in pattern analysis. This is a direction that has been developing for us for 20 years. Very high-quality new results have been obtained. The next talk is by Michel Grabisch from the Panthéon-Sorbonne University in Paris, who spoke about the possibility of generating linear orders. Then Vladimir Makarenkov, head of the bioinformatics department at the University of Quebec in Montreal, Canada, spoke about bioinformatics and practical applications. One of the world’s leading experts in the field of data analysis, Boris Mirkin, also spoke, who spoke about new models of K-means algorithms for data analysis. Colleagues from Sberbank Dzhangir Dzhangirov and Andrey Vashevnik spoke about large linguistic models and new visions for risk assessments.

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 –

January 25, 2025
MIL-OSI New Zealand: Consumer NZ urges government to get domestic aviation market study off the ground

Source: Consumer NZ

Consumer NZ has written to the Minister of Commerce and Consumer Affairs, urging him to direct the Commerce Commission to undertake a market study into New Zealand’s aviation sector.

Jon Duffy, Consumer NZ CEO, says in sectors where any single company holds a significantly high market share, such as Air New Zealand, which holds an 86% share, there is a risk competition isn’t working as it should to keep prices reasonable.

In particular, the advocacy organisation is concerned by the findings of its own research into Air New Zealand’s use of dynamic pricing.

Duffy says a market study would determine to what extent Air New Zealand may be taking advantage of its virtual monopoly.

“For many New Zealanders, there’s Air New Zealand or nothing – and high fares are affecting our regions.

“Our research has identified numerous red flags affecting competition in the sector that must be put under the microscope to assure consumers the cost of flying in New Zealand is truly fair.”

In addition to the limited choice New Zealanders have when it comes to air travel, Consumer is concerned high barriers to entry reduce the likelihood that other carriers will enter the market to compete with Air New Zealand.

Duffy also points out the government is a 51% shareholder in Air New Zealand but believes that there is no one holding the national carrier to account.

“We understand Air New Zealand is facing its own set of challenges, like constrained fleet availability and increasing costs in some areas.

“Our concern remains – New Zealand has the most concentrated domestic aviation market in the world¹, so when Air New Zealand says its pricing is fair, we are forced to take their word for it. A market study would tell us whether we can rely on what we’re being told.

“A Commerce Commission market study won’t solve anti-competitive behaviour, but getting information about how competition is working in the sector will highlight what interventions may be necessary and provide confidence New Zealanders aren’t being ripped off.”

Notes

¹ Sabre Market Intelligence for the 2023 calendar year for domestic markets with more than 5 million seats operated by airlines. New Zealand has the most concentrated domestic aviation market in the world with one airline holding 86% of seats in the market.

About Consumer

Consumer NZ is an independent, non-profit organisation dedicated to championing and empowering consumers in Aotearoa. Consumer NZ has a reputation for being fair, impartial and providing comprehensive consumer information and advice.

MIL OSI New Zealand News –

January 25, 2025
MIL-OSI New Zealand: Transport – Economist Cam Bagrie appointed chairman of the board for Transporting New Zealand

Source: Ia Ara Aotearoa Transporting New Zealand

Leading economist Cam Bagrie has been appointed as an independent director, board member and Chair of peak road freight organisation Ia Ara Aotearoa Transporting New Zealand.

Mr Bagrie is the former chief economist at ANZ and has held positions at National Bank, Treasury, and Statistics New Zealand. He is currently an independent chair of the governance committee of the NZ Apple and Pear Inc and a board member of Life Education Trust.

Transporting New Zealand CEO Dom Kalasih says Mr Bagrie will bring “additional skills, experience and knowledge to the Board and to our leadership”.

The appointment was made by the organisation’s new board this week, which also formally confirmed Dom Kalasih as CEO, a role he’s held in an interim capacity for 18 months.

Kalasih said on top of Cam Bagrie’s appointment, the next 12 months look very exciting for the organisation.

“I see the effectiveness of sector groups such as livestock, ports and logging really taking off and more relationships with industry suppliers being formed.

“For Transporting New Zealand, continuing to improve engagement across our membership is vital. We are committed to holding more quality events and leading high-level policy advocacy to benefit the road freight industry.”

About Ia Ara Aotearoa Transporting New Zealand

Ia Ara Aotearoa Transporting New Zealand is a national membership association representing the road freight transport industry. Their members operate urban, rural and inter- regional commercial freight transport services throughout the country.

Road is the dominant freight mode in New Zealand, transporting 92.8% of the freight task on a tonnage basis, and 75.1% on a tonne-km basis. The road freight transport industry employs over 34,000 people across more than 4,700 businesses, with an annual turnover of $6 billion.

MIL OSI New Zealand News –

January 25, 2025
MIL-OSI Economics: Recommendations on merger control
Source: International Chamber of Commerce

Headline: Recommendations on merger control
Competitive markets

Download the recommendations

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To enhance compliance and proper enforcement of merger control regulations, ICC proposes recommendations and underscores the importance of companies, lawyers and antitrust agencies working side by side to pursue shared goals.

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Why are ICC’s recommendations on merger control relevant?

Over the past 40 years, a growing number of countries have adopted merger rules to examine the impact of mergers on competition and ensure the functioning of their markets. This unprecedented development has been spurred by recommendations from the Organisation for Economic Cooperation and Development and the International Competition Network.

As more jurisdictions establish merger control regimes, inconsistencies and procedural issues have emerged. Emphasising the importance of clear guidelines, ICC addresses these challenges by providing a comprehensive framework and recommendations for improving merger control practices.

The recommendations cover key areas such as the concept of reportable mergers, notification thresholds, simplified forms, funding of antitrust agencies, guidelines and gun jumping fines.

They aim to

enhance predictability,

reduce costs,

ensure effective enforcement,

promote consistency at a global level and

reduce administrative burdens.

What makes ICC’s recommendations on merger control unique?

The recommendations are the result of a cooperative and inclusive effort involving nearly 200 ICC in-house counsel, private practitioners from 20 key jurisdictions and several antitrust agencies providing feedback.

The broad representation included in the country annex ensures that the recommendations reflect a global perspective and consider the needs and challenges faced by companies operating across borders.

ICC underscores the importance of continued collaboration among companies, lawyers and antitrust agencies to pursue the following shared goals:

ensure that transactions are reported in jurisdictions where they might have an impact on competition;

secure and dedicate resources that are proportionate to the issues at stake in an individual case;

enhance predictability and legal certainty with clear legal tests and consistent sanctions.

Who are the recommendations on merger control for?

companies, private practitioners, and antitrust agencies involved in merger transactions;

companies engaged in cross-border transactions involving multiple merger control jurisdictions;

antitrust agencies seeking insights and proposals for streamlining processes and achieving more effective enforcement

Should you have any further questions, contact us.
MIL OSI Economics –
January 25, 2025

MIL-OSI New Zealand: Surveys – New Zealand outranks Australia as the country that Americans want to relocate to the most, according to new research

Source: Journo Research

New Zealand ranks in eighth place with 11,866 average monthly searches, beating Australia with 10,919 searches.
Canada is the country that Americans want to relocate to the most, with 28,722 average monthly relocation-related searches.
The study analysed Google search data for keywords related to relocation inquiries to rank the countries Americans are most interested in moving to.

New research reveals that Canada is the country Americans want to relocate to the most.

Experts at QR Code Generator ranked countries by the average number of monthly Google searches for relocation-related terms, such as “move to Canada” and “Brazil visa.” The findings identified which countries Americans would like to relocate to the most.

Canada ranks in first place with 28,722 average monthly searches. The country is the most searched in every state except California and Hawaii, where Japan holds the top spot.

Vermont has the highest average monthly searches for Canada-related relocation terms per 100,000 of its population, at 20.34 searches.

With 21,584 average monthly searches, Japan places second. Hawaii searches for Japan the most, with 26.36 average monthly searches per 100,000 locals. This search volume is also the highest out of any state’s interest in any country.

Third place goes to Costa Rica with 15,511 average monthly searches. Montana has the highest average monthly searches for Costa Rica, with 8.90 searches per 100,000 residents.

Brazil ranks in fourth place with 14,613 average monthly searches. With 7.64 average monthly searches per 100,000 locals, Massachusetts is the most interested in moving to Brazil.

Earning fifth place, Mexico has 13,221 average monthly searches. South Dakota is the most interested in moving to Mexico, with 8.52 average monthly searches per 100,000 residents.

Countries that Americans want to relocate to the most

Ranking	Country	Average Monthly Google Searches
1	Canada	28,722
2	Japan	21,584
3	Costa Rica	15,511
4	Brazil	14,613
5	Mexico	13,221
6	Switzerland	12,963
7	Spain	12,592
8	New Zealand	11,866
9	Ireland	11,732
10	Italy	11,711

Switzerland ranks sixth, with 12,963 average monthly searches. With 5.08 average monthly searches per 100,000 locals, Massachusetts is the state that is the most interested in moving to the Central European country.

With 12,592 average monthly searches, Spain takes seventh place. Even though Spain reaches its highest rank of fourth-most searched in New York, the state that has the highest volume of Spain-related searches is Rhode Island, with 7.98 searches per 100,000 residents.

In eighth place, New Zealand has 11,866 average monthly searches. The country in Oceania was the second-most popular in Wyoming, Montana, and Hawaii, with 13.27, 9.42, and 11.85 average monthly searches per 100,000 locals, respectively.

Ireland ranks in ninth place with 11,732 average monthly searches. Ireland was the second-most popular country with Vermont, Maine and West Virginia, receiving 13.77, 8.42, and 5.08 average monthly searches per 100,000 residents, respectively.

Italy just makes the list in tenth place, with 11,711 searches. Alaska, Delaware, and Rhode Island had Italy as their second-most searched destination, with 12.84, 8.80, and 9.88 average monthly searches per 100,000 locals, respectively.

Marc Porcar, CEO of QR Code Generator PRO S.L, commented on the findings:

“With its proximity and cultural similarities, Canada has emerged as the clear favorite for Americans considering a move abroad.

“Yet some of the other top choices, like Japan, Costa Rica, and Brazil, are surprising, given the language barriers, unique cuisines, and distinct cultural landscapes they offer.

“These findings reveal that many Americans aren’t just looking for an easy transition, but are drawn to the adventure of a richer, more diverse experience overseas.”

If you publish these insights, please credit and link to QR Code Generator, as they conducted this research.

Methodology

To determine which countries have the highest interest for Americans looking to relocate, data from Google Keyword Planner was examined.

Terms like “move to [country]” and “visa [country]” were searched, and the average monthly search volume over the past 12 months was analysed to rank countries by the frequency of relocation searches.

State data was compared to its respective populations.

The 193 countries were taken from this United Nations source:

https://www.un.org/en/about-us/member-states

The combined search volume for each country’s 22 terms was calculated and used to rank the countries from highest to lowest average monthly searches.

Full ranking: The countries Americans want to relocate to the most

Ranking	Country	Average Monthly Google Searches
1	Canada	28,722
2	Japan	21,584
3	Costa Rica	15,511
4	Brazil	14,613
5	Mexico	13,221
6	Switzerland	12,963
7	Spain	12,592
8	New Zealand	11,866
9	Ireland	11,732
10	Italy	11,711
11	Portugal	11,057
12	Australia	10,919
13	Thailand	9,228
14	Germany	9,193
15	Turkey	9,089
16	Iceland	8,557
17	Norway	8,274
18	Sweden	7,696
19	France	7,685
20	United Kingdom	7,523
21	Greece	6,957
22	Netherlands	6,705
23	Kenya	6,632
24	Philippines	6,309
25	Finland	6,079
26	Denmark	6,013
27	Vietnam	6,005
28	Belize	5,838
29	Ghana	5,756
30	Panama	5,647
31	North Korea	5,441
32	South Korea	5,133
33	Dominican Republic	5,098
34	Russia	4,947
35	The Bahamas	4,851
36	South Africa	4,813
37	Argentina	4,769
38	Singapore	4,753
39	China	4,482
40	Taiwan	4,283
41	Poland	4,168
42	Israel	3,913
43	Colombia	3,910
44	India	3,906
45	Ecuador	3,885
46	Austria	3,648
47	Malaysia	3,633
48	Uruguay	3,510
49	Jamaica	3,386
50	Chile	3,356

MIL OSI New Zealand News –

January 25, 2025

MIL-OSI: CoinShares Appoints Lisa Avellini as Group General Counsel

Source: GlobeNewswire (MIL-OSI)

31^stOctober 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European investment company specialising in digital assets, is pleased to announce the appointment of Lisa Avellini as Group General Counsel, effective November 4, 2024.

Lisa brings a wealth of valuable experience to CoinShares, with an extensive background in legal and compliance roles within leading global financial institutions. She joins CoinShares after three years at Balyasny Asset Management, where she oversaw global legal and compliance requirements for the credit division.

Prior to her tenure at Balyasny, Lisa spent three years at Citadel, where she provided strategic legal guidance across a range of complex financial transactions and regulatory matters.

Jean-Marie Mognetti, CEO of CoinShares, commented:

“As the digital asset ecosystem increasingly aligns with traditional finance and its regulatory frameworks, Lisa’s extensive legal and regulatory experience with established investment firms strengthens our expertise to navigate this evolving landscape.

Lisa’s appointment reinforces our leadership team and underscores our unwavering commitment to exemplary legal and regulatory compliance. Her arrival not only enhances our capabilities but also signifies CoinShares’ entry into a new growth phase, demonstrating our ability to attract premier talent from the world’s foremost investment companies.”

Lisa Avellini added:

“I am excited to join CoinShares at such a pivotal time in the company’s development. My career has always been driven by curiosity and innovation, and the digital asset industry presents unique challenges and opportunities. This is why I have decided to join a leader in this emerging industry. I look forward to contributing my experience to support CoinShares’ strategic objectives and to further enhance its strong compliance culture.”

In her role as Group General Counsel, Lisa will oversee all legal and regulatory matters for CoinShares globally, providing strategic advice to the executive team and supporting the company’s growth initiatives.

ABOUT COINSHARES

CoinShares is the leading European investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

PRESS CONTACT

CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com

M Group Strategic Communications
Peter Padovano
press@coinshares.com

The MIL Network –

January 25, 2025
MIL-OSI: YXT.com Group Holding Limited Announces Change of Auditor

Source: GlobeNewswire (MIL-OSI)

SUZHOU, China, Oct. 31, 2024 (GLOBE NEWSWIRE) — YXT.com Group Holding Limited (“YXT.com” or the “Company”), a leader and disruptor of the digital corporate learning industry in China, today announced the appointment of Marcum Asia CPAs LLP (“Marcum Asia”) as the Company’s independent registered public accounting firm, effective on October 31, 2024.

Marcum Asia succeeds PricewaterhouseCoopers Zhong Tian LLP (“PwC”), which was previously the independent auditor providing audit services to the Company. The change of the Company’s independent auditor was made after careful consideration and an evaluation process by the Company and has been recommended by the audit committee of the board of directors of the Company and approved by the board of directors of the Company. The decision to change auditor was not as a result of any disagreement between the Company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures.

Marcum Asia is engaged to audit and report on the consolidated financial statements of the Company for the fiscal year ending December 31, 2024. The audit reports issued by PwC on the Company’s consolidated financial statements for the fiscal years ended December 31, 2022 and 2023 did not contain any adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles.

The Company would like to take this opportunity to express its sincere gratitude to the PwC team for their professionalism and quality of services rendered to the Company over the past years.

About YXT.com
As a technology company, YXT.com provides corporations with digital corporate learning solutions, including SaaS platforms, learning content, and other services. YXT.com is a leader and disruptor of the digital corporate learning industry in China. Established in 2011, YXT.com has supported Fortune 500 companies and other leading companies with their transformation and digitalization of learning and development, and has received recognition, respect and recurring business.

Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to”, or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Contact
Robin Yang
ICR, LLC
YXT.IR@icrinc.com
+1 (646) 405-4883

The MIL Network –

January 25, 2025

MIL-OSI Australia: Candidates announced for the 2024 TSRA Board Election [31 October 2024]

Source: Australian Electoral Commission

AECMedia

Updated: 31 October 2024

Candidates in the 2024 Torres Strait Regional Authority (TSRA) elections to be held on Saturday 30 November 2024 have been officially announced today.

Returning Officer, Jacqueline McHenry said 20 wards in the Torres Strait are involved in the 2024 TSRA elections, with each ward electing one member to the TSRA board.

The ballot draw for the election took place at 1.00pm (AEST) on Thursday 31 October 2024, and the candidates for the election in the contested wards are as follows:

Ward	Candidate Name (in ballot paper order)
Badu Island	BAIRA, Horace NONA, David Lars NONA, Maluwap MORSEU, George
Bamaga	NADREDRE, Yanette (Pepa) NONA, Ugari
Dauan	MOOKA, Patrick ELISALA, Torenzo
Erub	GELA, Jimmy Joe BEDFORD, Kenneth MYE, Nixon Y
Hammond	DORANTE, Seriako TURNER, Regina
Iama	LUI, Getano DAVID, Charles Albert
Kubin	MANAS, Louise SAVAGE, Danie
Mabuiag	FELL, Keith REPU, Cygnet GUISE, Simi
Masig	MOSBY, Hilda Denise MOSBY, Yessie NAAWI, Simon Frederick
Mer	TAPAU, Ellen Cecilia Julie KAIGEY, Bob Kevin TABO, John
Ngurapai and Muralag	LOBAN, Yen N WASAGA, Eliziah BECKLEY (Doolah), Emma
Port Kennedy	FUJII, Thomas Jnr JOHNSTON, Neville AH WANG, Pauline DAVID, Frank NONA, George Timothy HAVILI, Ofa
Poruma	MOSBY, Phillemon FAUID, Frank
Saibai	MATTHEW, Jack WARUSAM, Herbert ANIBA, Chelsea
Seisia	ELU, Damien Mugai MUDU, Sabrina
St Pauls	PAIWAN, John KRIS, John T
TRAWQ	STEPHEN, Sereako HARRY, Abigail KRIS, Ella
Ugar	STEPHEN, Jerry Dixie STEPHEN, Rocky Gabriel
Warraber	TAMU, Kabay MARI, Annie Patricia BILLY, Iris

In the ward of Boigu only one candidate nominated. This means voting will not be required in this ward as it is classed as an uncontested ward.

Uncontested ward:

Ward	Candidate
Boigu	TOBY, Dimas Pinaith

All Torres Strait Islander and Aboriginal people living in the wards where elections will take place, who are 18 years of age or over, can vote in the TSRA election, if they are enrolled on the Commonwealth electoral roll by 5:00pm (AEST) on Friday 15 November 2024.

If you need to enrol for the first time, or if you have recently moved to any of these wards and have not updated your address, you will need to complete an enrolment form and return it to the Australian Electoral Commission (AEC) by 5:00pm (AEST) on Friday 15 November 2024.

Enrolment forms are available from the AEC website at www.aec.gov.au, AEC offices, the TSRA office, and the Returning Officer.

Polling places will be open on Saturday 30 November 2024 in the wards of:

Bamaga
Ngurapai and Muralag on Horn Island, and
Port Kennedy and TRAWQ on Thursday Island.

The AEC will conduct mobile polling for contested wards in outer communities. Communities will be informed of times, dates and polling places prior to the mobile polling teams arriving.

Information on polling place locations, early voting options or hospital and aged care facility polling places will be available shortly on the AEC website at www.aec.gov.au/tsra or call (02) 9375 6366.

MIL OSI News –

January 25, 2025

MIL-OSI Security: Illegal possession of firearm sends Belgrade man to prison for almost three years

Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

MISSOULA — A federal judge today sentenced a Belgrade man to two years and nine months in prison, to be followed by three years of supervised release, for illegally possessing a firearm during a drug trafficking investigation, U.S. Attorney Jesse Laslovich said.

The defendant, Isaac James Cardona, 45, pleaded guilty in June to prohibited person in possession of a firearm and ammunition.

U.S. District Judge Dana L. Christensen presided.

In court documents, the government alleged that in November 2023, agents with the Missouri River Drug Task Force were conducting surveillance in Belgrade in an area known for drug trafficking. Law enforcement stopped Cardona, who had an outstanding state warrant. Cardona was found to be in possession of a loaded gun, two loaded magazines with extra ammunition for the gun, methamphetamine, a digital scale and 49 fentanyl pills. Cardona previously was convicted of a federal methamphetamine distribution crime and prohibited from possessing firearms and ammunition.

The U.S. Attorney’s Office prosecuted the case. The Bureau of Alcohol, Tobacco, Firearms and Explosives, Missouri River Drug Task Force, and Belgrade Police Department conducted the investigation.

This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. For more information about Project Safe Neighborhoods, please visit Justice.gov/PSN.

XXX

MIL Security OSI –

January 25, 2025
MIL-OSI Security: Previously Convicted Felon Is Sentenced To Prison For Possession Of Ammunition

Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

CHARLOTTE, N.C. – David Matthew Lowe, 33, of Shelby, N.C., was sentenced today to 57 months in prison followed by three years of supervised release for possession of ammunition by a convicted felon, announced Dena J. King, U.S. Attorney for the Western District of North Carolina.

Bennie Mims, Special Agent in Charge of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), Charlotte Field Division, and Chief Gerald Childress of the Kings Mountain Police Department, join U.S. Attorney King in making today’s announcement.

According to court documents and court proceedings, on August 12, 2023, at approximately 1:45 a.m., officers with the Kings Mountain Police Department were dispatched to a Comfort Inn in the area for a service call for an assault. Upon entering the hotel lobby, an officer encountered a female, identified in court documents as L.T., and the defendant. L.T. told the officers that Lowe had hit her, and she could not see out of her eye. At that point, Lowe fled toward the back of the hotel. Officers chased after Lowe and ultimately Lowe was taken into custody.

As part of the investigation, law enforcement obtained CCTV footage from the hotel that depicted Lowe possessing a firearm during his assault of L.T. Specifically, the footage depicted L.T. and Lowe having an altercation, L.T. running away from the hotel room, and Lowe following her. Lowe then removed a firearm from his pants and struck L.T. in the side of her head. This caused the firearm’s magazine to break and ammunition along with several firearm parts fell to the floor. The defendant then struck L.T. several more times with a closed fist, causing L.T. to fall to the ground. Lowe then left the scene. Law enforcement recovered the firearms parts from the scene and 15 rounds of mixed ammunition. Court records indicate that Lowe has prior criminal convictions, including a federal conviction in the Western District of North Carolina for conspiracy to participate in racketeering activity – RICO conspiracy. Because of the criminal convictions, Lowe is prohibited from possessing firearms or ammunition.

Lowe is in federal custody and will be transferred to the custody of the federal Bureau of Prisons upon designation of a federal facility.

The investigation was conducted by the ATF and the Kings Mountain Police Department.

Special Assistant U.S. Attorney Eric Frick of the U.S. Attorney’s Office in Charlotte prosecuted the case.

* * *

According to the National Coalition Against Domestic Violence, 19% of domestic violence involves a weapon. The presence of a gun in a domestic situation increases the risk of homicide by 500%.

To understand more about domestic violence, visit: https://www.justice.gov/ovw/domestic-violence#dv. If you require immediate help, please call the National Domestic Violence Hotline at 1-800-799-SAFE (1-800-799-7233) or Strong Hearts Native Helpline at 1-844-762-8483.

MIL Security OSI –

January 25, 2025
MIL-OSI: HPH Announces Results of its Extraordinary General Meeting and Separate Class Meeting

Source: GlobeNewswire (MIL-OSI)

GUANGZHOU, China, Oct. 31, 2024 (GLOBE NEWSWIRE) — Highest Performances Holdings Inc. (NASDAQ: HPH) (“HPH” or the “Company”) today announced the results of its extraordinary general meeting of shareholders and separate class meeting of the holders of ordinary shares of the Company (the “Combined Meeting”) held in Guangzhou on October 31, 2024.

At the Combined Meeting, the shareholders passed the following resolutions to:

(i) change the authorized share capital of the Company FROM US$2,000,000 divided into 2,000,000,000 shares consisting of (i) 1,950,000,000 Ordinary Shares of a nominal or par value of US$0.001 each (the “Ordinary Shares”); and (ii) 50,000,000 Preference Shares of a nominal or par value of US$0.001 each (the “Preference Shares”) TO US$5,000,000 divided into 5,000,000,000 shares consisting of (i) 4,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.001 each (the “Class A Ordinary Shares”); and (ii) 1,000,000,000 Class B Ordinary Shares of a nominal or par value of US$0.001 each (the “Class B Ordinary Shares”). All of the previously issued and outstanding Ordinary Shares will be re-designated as Class A Ordinary Shares. Each Class A Ordinary Share shall have one vote per Class A Ordinary Share while each Class B Ordinary Share shall have 100 votes per Class B Ordinary Share, among other rights, preferences, privileges and restrictions as set out in the AR M&A (as defined below).

(ii) replace the existing third amended and restated memorandum and articles of association of the Company in their entirety with a new fourth amended and restated memorandum and articles of association of the Company (the “AR M&A”) to reflect, among others, the aforementioned changes; and

(iii) authorize any director of the Company (the “Director”) to take any and all action that might be necessary to effect the foregoing resolutions as such Director, in his or her absolute discretion, thinks fit.

About HPH
Founded in 2010 and formerly known as Puyi Inc., we have evolved with a vision to become a leading provider of artificial intelligent technology-driven family and enterprise services. Our mission is to enhance the quality of life for families worldwide by leveraging two primary driving forces: technological intelligence and capital investments. We are dedicated to investing in high-quality enterprises with global potential, focusing on areas such as asset allocation, education and study tours, healthcare and elderly care, and family governance.

We currently hold controlling interests in two leading financial service providers in China. The first is Fanhua Inc., a technology-driven independent financial service platform traded on the Nasdaq. The second is Fanhua Puyi Fund Distribution Co., Ltd., an independent wealth management service provider.

Highest Performances Holdings Inc., formerly known as Puyi Inc., was renamed on March 13, 2024 to reflect its strategic transformation.

Forward-looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When HPH uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from HPH’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: HPH’s ability to obtain proceeds from the Agreement; HPH’s goals and strategies; HPH’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the third-party wealth management industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets HPH serves and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by HPH with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in HPH’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. HPH undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Highest Performances Holdings Inc.

The MIL Network –

January 25, 2025
MIL-OSI China: Chinese coastal province raises emergency response as Typhoon Kong-rey nears

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

FUZHOU, Oct. 31 — East China’s Fujian Province on Thursday issued the second highest-level emergency response to Typhoon Kong-rey, the 21st typhoon of this year.

In anticipation of the storm’s impact, railway and maritime authorities have suspended several train services and halted 71 coastal passenger ferry routes affecting 190 vessels. Meanwhile, 115 coastal construction projects have been stopped until further notice.

Specialized rescue forces, including rescue ships, helicopters, and patrol boats, have been deployed on standby to respond to potential emergencies, according to the Fujian maritime authorities.

There remains a possibility that Kong-rey could make landfall along the coasts of Fujian or Zhejiang provinces on its northeastward path, according to the National Meteorological Center.

The center issued an orange alert for Kong-rey on Thursday morning, warning that the storm will bring torrential rains to eastern areas, including Fujian, Zhejiang, Jiangsu provinces, and Shanghai, from Thursday afternoon to Friday afternoon.

China has a four-tier emergency response system, with Level I being the most severe response, and a four-tier color-coded weather warning system, with red representing the most severe, followed by orange, yellow and blue.

MIL OSI China News –

January 25, 2025
MIL-OSI NGOs: Protection must be guaranteed for MSF doctor and medical staff detained by Israeli forces

Source: Médecins Sans Frontières –

Médecins Sans Frontières (MSF) has received confirmation that Dr Mohammed Obeid, an MSF orthopaedic surgeon, has been detained by Israeli forces, along with several other medical staff from Kamal Adwan hospital in north Gaza, during a military operation at the hospital on 26 October. We are extremely alarmed by the detention of our colleague.

Dr Obeid has been working tirelessly since the beginning of the war, offering his support as a doctor to multiple hospitals in Gaza. His work has saved countless lives.

Our last contact with Dr Obeid was on the afternoon of 25 October. He had been sheltering and offering his support as a surgeon at Kamal Adwan hospital when it was besieged by Israeli forces.

We have officially requested information from the Israeli authorities on Dr Obeid’s detention status, his current location, and any information regarding his physical and mental wellbeing. We call for the safety and the protection of our colleague, and for all medical staff in Gaza who work under impossible conditions and are facing horrific violence as they try to provide care.

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MIL OSI NGO –

January 25, 2025
MIL-OSI Asia-Pac: Participatory theatre production “Post Capitalistic Auction” allows audiences to bid for artworks in creative ways other than money (with photos)

Source: Hong Kong Government special administrative region

Participatory theatre production “Post Capitalistic Auction” allows audiences to bid for artworks in creative ways other than money (with photos)
Participatory theatre production “Post Capitalistic Auction” allows audiences to bid for artworks in creative ways other than money (with photos)
******************************************************************************************

The Asia+ Festival, presented by the Culture, Sports and Tourism Bureau and organised by the Leisure and Cultural Services Department, will stage a participatory theatre production “Post Capitalistic Auction” on November 16 and 17. In this unconventional yet authentic auction created by Mainland artist Jingyi Wang and local curator Kyle Chung, audiences can bid for their favourite artworks in new ways other than money, before taking the art pieces home. The auction comes with a pre-auction showcase and fringe activities, offering audiences multiple perspectives to contemplate the value of art. This auction is unique in that it gives endless room for imagination: Audiences can place bids not only with money but alternative “currencies” they can think of, such as barter (in either tangible or intangible terms), a career opportunity for the artist, a deep understanding of the artwork, and more. A total of eight artworks (see Annex) will be put up for bidding in two rounds of auction. Audiences will place bids online and the process will be projected onto a big screen in real time. Eight groups of artists from France, Indonesia, Thailand and Hong Kong, China will attend in person to choose the winning bid, guided by professional advice from an expert panel. In “Post Capitalistic Auction”, creator Wang questions if money is the only means to determine something’s value. This experiment is an attempt to explore whether changing the rules of the game can change the way people think. Curator Chung, who describes his project as an experimental performance, advises potential bidders to attend the pre-auction showcase and guided tour to learn more about the eight groups of artists and their works in advance, which may raise their chances of winning the auction. Ever since its 2018 premiere in Bergen, “Post Capitalistic Auction” has toured Toronto and Yokohama. Previous editions have attracted many interesting bids and inspired reflections on the ecology of the art market. The upcoming Hong Kong debut is set to make waves in this city widely known as Asia’s art trading hub. Audience members who have no intention of bidding are welcome to buy tickets and join the event nonetheless. Two rounds of auction will each feature four groups of artists, namely (November 16): Carla Chan (Hong Kong, China), Maurice Benayoun (France), Navin Rawanchaikul and daughter Mari Rawanchaikul (Thailand), and Wu Jiaru (Hong Kong, China); (November 17): Chan Wai-lap (Hong Kong, China), Leung Mee-ping (Hong Kong, China), Maryanto (Indonesia) and William Lim (Hong Kong, China). The auction will be conducted in Cantonese, Putonghua and English, with Cantonese and English simultaneous interpretation. Each auction will be followed by a discussion session. Bidders, who must be over 18 years of age, will be asked to place bids using a smartphone or a tablet with Internet connection. During the process, bidders’ interaction with performers may be photographed, recorded or live-streamed. A vernissage will be held at 6pm on November 13 at the Hong Kong City Hall Exhibition Hall, while guided tours and an auction showcase will be held from November 14 to 18. Other fringe activities include art student roundtables and a panel discussion. For details, please refer to asiaplus.gov.hk/2024/en/post-capitalistic-auction. Participatory theatre production “Post Capitalistic Auction” will be held at 8pm on November 16 and 3pm on November 17 at the Hong Kong City Hall Theatre. Free seating tickets priced at $420 and guided tour tickets at $60 are now available at URBTIX (www.urbtix.hk). Admission to other activities is free. For telephone bookings, please call 3166 1288, or use the mobile ticketing app “URBTIX”. The second Asia+ Festival is running from September to November, highlighting the arts and cultures of nearly 30 Asian and Belt and Road countries or regions. Apart from stage programmes, there are also thematic exhibitions, an outdoor carnival, film screenings, outreach activities and more, numbering over 100 in total. For programme enquiries and concessionary schemes, please call 2370 1044 or visit asiaplus.gov.hk/2024/en/.

Ends/Thursday, October 31, 2024Issued at HKT 17:15

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MIL OSI Asia Pacific News –

January 25, 2025
MIL-OSI Economics: This summer, Samsung Announces Blockbuster Black Friday Deals for Shoppers

Source: Samsung

Samsung is thrilled to announce the launch of its highly anticipated 2024 Black Friday campaign, bringing shoppers a season filled with Blockbuster Deals on premium products. This year, the tech giant is rolling out the red carpet for South Africans, and redefining the Black Friday narrative as an opportunity for every shopper to become the leading character in their own shopping story.

It is going to be “ifilim”, as South Africans would say, as everyone gears up for this iconic annual shopping bonanza. Samsung will play its role and stick to the script by bringing its A-game with premium products at low prices, ensuring that every deal is a plot twist that leaves shoppers cheering for more. With incredible markdowns on a wide range of products, shoppers can access these deals from 1 November – 2 December, both online and at participating retailers nationwide. Read on to get a preview of what’s coming up.

Unmissable Electronics and Home Appliance Deals
Be prepared to get more this summer as Samsung has an impressive line-up of blockbuster deals for electronics and home appliances too. Elevate your kitchen with the RS64 Side by Side fridge, Non-plumbed Water & Ice dispenser, Gentle Black, 617L, now just R24,999*, offering a remarkable R6,000 saving, or the RB30 Bottom Freezer with Water Dispenser and Cool Pack, Metal Graphite, 303L, which is available for R9,999*, saving you R3,500.

You can do your laundry like the main character with the WW11CGP44DSB AI 11kg Front Loader with Eco bubble washing machine, which is a steal at R12,999*, saving you R500 plus you score Buy & Get rewards worth R4,000, or you could opt for the WD70TA046BX 7/5kg Front Load Washer / Dryer Combo with Eco Bubble Technology, yours for only R10,999*, saving you R1,000.

Work, watch and play with the 32″ Smart Monitor M7, available for R7,999*, saving you R3,000. For film aficionados who enjoy feeling like part of the action, the 98” Q80C 4K TV is available for R99,999* plus get R32 000 worth of gifts and enjoy hassle free signature service. While the 85” Crystal UHD DU8000 4K TV can find a new home in your lounge for only R22,999*, saving you a joy-inducing R10,000. To complement the viewing experience with great audio, you could get the Q600C Q-Series soundbar at R5,499*, giving you a saving of R2,500.

“Get more this summer with Samsung, our range of electronics and home appliances are designed to elevate your lifestyle and transform your home into a connected smart home. Through our SmartThings ecosystem, we empower families to not just get more from their devices, but to truly live more. Imagine seamlessly controlling your home environment—from optimising AI energy savings, to automating daily tasks—making life easier and more enjoyable. Our products work together to enhance your everyday experiences, creating a network of products that adapt to your needs. We believe in helping you create your dream home while providing exceptional value for your spend. Embrace the summer season with technology that simplifies your life and enriches your moments, allowing you to focus on what truly matters—making memories with loved ones,” said Mike van Lier, Vice President: Consumer Experience at Samsung Electronics.

For more Blockbuster Deals, visit www.samsung.com/za and https://samsungair.co.za/shop/[1]

[1]Recommended retail price

MIL OSI Economics –

January 25, 2025
MIL-OSI China: Fujian raises emergency response as Typhoon Kong-rey nears

Source: China State Council Information Office 2

East China’s Fujian Province on Thursday issued the second highest-level emergency response to Typhoon Kong-rey, the 21st typhoon of this year.
In anticipation of the storm’s impact, railway and maritime authorities have suspended several train services and halted 71 coastal passenger ferry routes affecting 190 vessels. Meanwhile, 115 coastal construction projects have been stopped until further notice.
Specialized rescue forces, including rescue ships, helicopters, and patrol boats, have been deployed on standby to respond to potential emergencies, according to the Fujian maritime authorities.
There remains a possibility that Kong-rey could make landfall along the coasts of Fujian or Zhejiang provinces on its northeastward path, according to the National Meteorological Center.
The center issued an orange alert for Kong-rey on Thursday morning, warning that the storm will bring torrential rains to eastern areas, including Fujian, Zhejiang, Jiangsu provinces, and Shanghai, from Thursday afternoon to Friday afternoon.
China has a four-tier emergency response system, with Level I being the most severe response, and a four-tier color-coded weather warning system, with red representing the most severe, followed by orange, yellow and blue.

MIL OSI China News –

January 25, 2025
MIL-OSI China: Fire in Sichuan leaves over 20 hospitalized

Source: China State Council Information Office 2

More than 20 people have been hospitalized following a fire in southwest China’s Chengdu City on Thursday, local authorities said.
The district fire department said it received the fire alert at 11:02 a.m., and they were able to quickly put out the fire in the city’s Wuhou District at 11:15 a.m., adding that those affected by the incident have been hospitalized but are not in any critical condition.
Witnesses at the scene said open flames were pouring out from the shop on the ground floor, but a number of fire trucks and ambulances quickly participated in the rescue mission.
The cause of the fire is under investigation.

MIL OSI China News –

January 25, 2025
MIL-OSI China: WSTDF 2024: Highlighting AI innovation, global governance

Source: China State Council Information Office 2

The 2024 World Science and Technology Development Forum (WSTDF) hosted a thematic session in Beijing on Oct. 23 focused on “AI Governance Innovation: Building an International Trust Foundation for Cultivating the Ecology of Science and Technology Governance”. The session brought together global experts and scholars, representatives of international organizations, and industry leaders to explore the innovative breakthroughs of artificial intelligence (AI), its applications across various industries, and the necessary frameworks for managing associated risks.

Attendees take part in the “AI Governance Innovation: Building an International Trust Foundation for Cultivating the Ecology of Science and Technology Governance” thematic session at WSTDF 2024, Beijing, Oct. 23, 2024. [Photo courtesy of WSTDF]
AI as a catalyst for sci-tech advancement
Wan Gang, chairman of WSTDF 2024 and president of the China Association for Science and Technology, emphasized the critical role of AI in advancing scientific research. “We hope to establish a new paradigm for cutting-edge scientific research that is fundamentally supported by artificial intelligence, accelerating the development of new industries and building new engines for growth,” Wan stated. He further called for joint efforts to promote the alignment and coordination of laws, regulations and standards, and establishing evaluation, education, warning and control mechanisms for AI applications to enhance the credibility, reliability and controllability of AI.
At the conference, experts and industry leaders engaged in in-depth discussions on AI’s technological breakthroughs and its industrial applications. Qiao Hong, president of the World Robot Cooperation Organization and an academician at the Chinese Academy of Sciences, highlighted that AI has become a driving force of the technological revolution, finding extensive applications in intelligent manufacturing, smart cities, health care and financial services. She presented the “2024 Outlook for the Top 10 Frontier Technology Trends in AI,” covering advancements in general AI technologies, large-scale pre-trained models, embodied intelligence and generative AI, showcasing the boundless potential and possibilities of AI.
Qiao said, “These cutting-edge technologies hold immense potential. The advancements will not only make daily life more convenient and efficient, but also spur innovation and drive progress across a wide range of industries.”
As a cutting-edge field within AI, embodied intelligence is transitioning from concept to reality, drawing significant attention at the conference. Chang Lin, founder and CEO of Leju Robotics, noted that embodied intelligence and humanoid robots have shifted from niche concepts to mainstream relevance. “The rapid development of AI, especially large models, has greatly enhanced the adaptability of humanoid robots, significantly improving their general capabilities,” said Chang. “This progress paves the way for robots to take on flexible, intelligent tasks in household settings, potentially transforming everyday life.”
Han Fengtao, founder and CEO of Spirit AI, emphasized that while embodied intelligence is not a new term, recent technological breakthroughs have brought it into the mainstream. In the robotics industry, for example, “the core advancement has reduced the need for human intervention at every stage,” Han explained. With technologies like text-to-image and text-to-action generation, robots are now capable of performing tasks with greater autonomy, he said.
Ethical challenges and the need for responsible AI governance
As artificial intelligence rapidly advances, ethical concerns and social challenges have emerged.
Zhang Ping, an academician at the Chinese Academy of Engineering and professor at the Beijing University of Posts and Telecommunications, pointed out that while breakthroughs in generative AI bring convenience, they also pose security and ethical challenges. “Issues like identity fraud through AI-generated content, and inappropriate messaging are rising,” he said.
Zhang shared research progress from a Beijing AI safety governance lab, which focuses on building a theoretical framework for general AI to ensure safe, controllable development. The lab is also pioneering super-alignment technologies to better align AI outputs with human values and decisions. Additionally, they are enhancing interpretability and automating assessments to confirm that general AI aligns with societal good.
Huang Tiejun, a professor at Peking University, echoed these concerns, warning of the risks in commercial AI applications. He urged companies to prioritize human welfare, even when faced with lucrative business opportunities, emphasizing that global regulation is essential to prevent AI-dominant corporations from monopolizing benefits, concentrating wealth and worsening social inequality.
Chang Lin stressed the importance of adopting a responsible approach to AI, highlighting the need for companies to continuously address and resolve emerging risks. Meanwhile, founder and CEO of Accelerated Evolution, Cheng Hao, added that ensuring AI safety is a complex matter, which involves physical and algorithmic domains. He explained that robot malfunctions or algorithmic errors could harm humans, underscoring the need for safety mechanisms that allow systems to stop in hazardous situations.
Global cooperation to shape AI for humanity
Experts at the session emphasized the critical need for international collaboration and effective global governance to address associated risks and challenges.
Huang Tiejun, also director of the Beijing Academy of Artificial Intelligence, highlighted that AI’s immense power must be managed on a global scale to prevent its misuse by a few companies. “International cooperation on AI governance is essential,” he stated. “This is a shared challenge for humanity, and we must use technical safeguards to ensure AI’s benefits aren’t abused.”
Huang said that scientists worldwide share more consensus than division regarding AI’s development. He noted that scientific collaboration is often more open than political cooperation. “Platforms like the WSTDF play a vital role in advancing the AI industry. Despite current global complexities, in-person exchanges ease tensions and increase collaborative opportunities,” he added.
Framing it within the vision of building a community with a shared future for humanity, Huang emphasized that AI development must advance the common welfare of all. “Guiding AI to benefit humanity is the direction we must follow.”
Chang Lin noted that, despite geopolitical challenges, grassroots international exchanges remain robust and active. “We must overcome obstacles and keep advancing global partnerships,” Chang said.
Gong Ke, former president of the World Federation of Engineering Organizations, highlighted the importance of supporting developing regions, noting that many international conflicts stem from unequal development. He stressed the role of advanced technology in helping developing nations achieve sustainable growth. “Enhanced productivity can be a driving force for peace,” Gong said.

MIL OSI China News –

January 25, 2025
MIL-OSI China: WSTDF 2024: Collaboration boosts intelligent manufacturing

Source: China State Council Information Office 2

The 2024 World Science and Technology Development Forum (WSTDF) held a thematic session in Beijing on Oct. 24 focused on “Cross-Industry Resource Collaboration and Integration to Provide Innovative Application Scenarios for Enhancing the Intelligent Manufacturing Industry.” Leaders, scholars and business representatives from around the globe took part in the event, with the aim of sharing global insights to promote collaboration across industries and drive innovation in intelligent manufacturing.
The session was hosted by the China Association for Science and Technology, organized by the International Coalition of Intelligent Manufacturing, supported by the Beijing International Science and Technology Exchange Center and co-organized by the ASEAN Federation of Smart Industry.

Attendees take part in the “Cross-Industry Resource Collaboration and Integration to Provide Innovative Application Scenarios for Enhancing the Intelligent Manufacturing Industry” thematic session at WSTDF 2024, Beijing, Oct. 24, 2024. [Photo courtesy of WSTDF]
Participants in the event agreed that intelligent manufacturing is crucial to the global technological revolution and industrial transformation. They emphasized the importance of intelligent, green and integrated industrial manufacturing for sustainable global progress.
Lu Daming, vice president of the Chinese Mechanical Engineering Society (CMES), said: “Efficiently integrating cross-sector resources and innovating in intelligent manufacturing applications are crucial for enhancing manufacturing competitiveness and facilitating a transformation toward smarter, greener and service-oriented operations.” Lu also highlighted the CMES’s ongoing efforts to foster an open, collaborative and mutually beneficial innovation ecosystem to address the challenges within the intelligent manufacturing sector.
Chee Fai Tan, president of the ASEAN Federation of Smart Industry, stressed the growing importance of cross-sector collaboration in today’s globalized world. China, a global leader in resources, has made substantial strides in intelligent manufacturing, offering valuable insights to ASEAN countries, he said. Tan urged increased cooperation among nations to drive innovation in the intelligent manufacturing industry by exploring new application scenarios.
Several business leaders shared their experiences on how they are transforming manufacturing to be smarter, greener and more sustainable.
Zhan Jingtao, vice president of Siemens (China), illustrated the immense potential of intelligent manufacturing in achieving carbon neutrality and sustainable development. “Our CNC factory in Nanjing has significantly boosted production efficiency and product quality by blending virtual design with real-world application, increasing factory efficiency by 20%, flexibility by 30%, and reducing time-to-market by 20%, while cutting CO2 emissions by 3,300 tons annually,” he said.
Ni Yueyong, director of environmental affairs at Mitsubishi Electric (China) Co. Ltd., shared the company’s successful journey toward efficient carbon neutrality. By integrating production, energy and environmental management systems, Mitsubishi Electric has optimized its operations and reduced its carbon footprint. The company has transformed seven of its Chinese factories into national-level green factories, with one achieving zero carbon emissions in 2021. Ni emphasized the significance of efficient carbon neutrality, which combines environmental sustainability with economic benefits, and encouraged wider adoption of the approach.
Zhu Shiming, chief engineer at Phoenix Contact Asia-Pacific Nanjing Co. Ltd., discussed how the company is helping businesses, especially small- and medium-sized enterprises, reap the benefits of digital transformation. By improving digital infrastructure and data quality, the company is enabling businesses to overcome obstacles in industrial and factory applications.
The session also highlighted the critical roles of international cooperation and talent development in advancing the industry. Henry Adamson, an academician of the European Academy of Sciences and chief scientist at the Guangdong Greater Bay Area Institute of Integrated Circuit and System, emphasized the need for greater international collaboration, particularly through talent exchange programs, to propel technological advancements. “China must create more innovation platforms to attract and cultivate top scientific and technical professionals,” he stated.
“Technological exchange transcends borders,” said Lee Chean Chung, chairman of the Malaysia-China Technology Promotion Association, noting that international forums on technological development are vital for fostering cooperation.
He emphasized the importance of establishing mechanisms for mutual benefit and moving beyond zero-sum thinking: “Only by elevating the living standards of all humanity can we truly achieve maximum benefits.”
Lee said that the Belt and Road Initiative has strategically supported technological collaboration between China and Malaysia. He also noted that China’s three global initiatives — the Global Development Initiative, Global Security Initiative and Global Civilization Initiative — provide an extensive framework for technological cooperation.
Goi Bok Min, vice president for internationalisation and academic development at the Universiti Tunku Abdul Rahman, stressed the importance of integrating both hard and soft skills in education to meet the demands of the 21st century. He highlighted the university’s role in designing industry-aligned courses and promoting hands-on learning to enhance student skills, further supported by joint research initiatives with prominent academic institutions to foster innovation.

Yang Huayong, chairman of the International Coalition of Intelligent Manufacturing, presents the forum’s consensus statement at WSTDF 2024, Beijing, Oct. 24, 2024. [Photo courtesy of WSTDF]
At the conclusion of the session, Yang Huayong, chairman of the International Coalition of Intelligent Manufacturing, presented the forum’s consensus statement. It stressed the pivotal role of intelligent manufacturing in driving the new global scientific and technological revolution and industrial transformation. “We must expand the application scenarios for intelligent manufacturing, embrace sustainable development principles, and foster cross-sector resource integration to collaboratively enhance the new quality productive forces,” the statement declared.

MIL OSI China News –

January 25, 2025

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