Explorer Mike Horn launches new world expedition from Monaco

Yacht Club de Monaco Mike Horn Expedition

Mike Horn has launched a new expedition to explore the world and inspire environmental actions. The Swiss-South African explorer cast off aboard his ice-breaker sailing boat Pangaea (35m) from the YachtClub de Monaco’s marina on Wednesday afternoon.

MONACO, May 04, 2023 (GLOBE NEWSWIRE) — Mike Horn has launched a new expedition to explore the world and inspire environmental actions. The Swiss-South African explorer cast off aboard his ice-breaker sailing boat Pangaea (35m) from the Yacht Club de Monaco’s marina on Wednesday afternoon. Now flying the Monaco flag, the boat is on the start of another four-year round the world expedition, this one entitled ‘What’s Left’, watched by YCM President HSH Prince Albert II of Monaco. “With Pangaea as the principal mode of transport, this expedition will take us to the Arctic, the Amazon jungle, Antarctica, Patagonia, the Australian desert, New Zealand, northern Canada, Alaska and Asia,” explained Mike Horn who is rethinking his adventure career with this last major project.

The ‘What’s Left’ expedition will revisit iconic places that marked Horn’s career, as well as locations he has not been to yet. The plan includes stopovers of six months in each destination with the four member crew. The purpose is to take stock of the state of the planet, become the spokesperson and involve the public in this adventure. “Faced with the climate emergency, it is imperative that living proof replaces the promises,” said HSH Prince Albert II of Monaco. It’s a philosophy shared by the explorer: “Thanks to extensive research we know now that we have to make every effort to change the situation. We know sea temperatures are rising, that we have problems with microplastics, that fires and floods are increasing. Nature is in revolt.”

Fourteen years after the start of the first expedition on Pangaea, that also left from Yacht Club de Monaco, the man who has spent his life exploring the planet and observing nature now intends to protect it by engaging the new generation. That’s why at the same time as launch of his new expedition, Mike Horn and his team are also launching the second edition of their environmental programme for young people, Pangaea X, conceived to inspire and support them to bring to fruition projects that have a positive impact.
Just before his departure, Horn invited youngsters from YCM’s Sports Section to come aboard for a tour, much to their delight. By combining exploration, education and an eco-commitment, Horn hopes to inspire a new generation of stakeholders in the planet and encourage positive action towards a more sustainable future.

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it


A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/20ad1dcc-4a92-4983-b77d-6964ef06bd2e

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

GlobeNewswire Distribution ID 8832116

FEMA GRAS status for Sweegen’s sweet protein brazzein technology

Rancho Santa Margarita, Calif., May 04, 2023 (GLOBE NEWSWIRE) — Global sweetness and flavor innovator, Sweegen has announced that its highly sought-after sweet protein Ultratia™ brazzein technology received the Generally Recognized As Safe (GRAS) status from the Flavor and Extract Manufacturers Association (FEMA).

“Our customers and the industry have eagerly anticipated our brazzein FEMA GRAS status, and now we are excited to offer it as the star sweet protein in our Sweetensify Flavors Collection,” said Luca Giannone, SVP of Sales. “We’re pleased to demonstrate our Ultratia brazzein in the newly launched Sweetensify Flavors Collection at the IFT First trade show in Chicago July 17-19, 2023.”

Brands are encouraged to visit Sweegen’s food and beverage application team at IFT First, the Sweegen booth, located at the South Building — S1619 — IFT, for a sensory experience and learn how it can easily fit into their food and beverage products.

Sweegen is the first to attain FEMA GRAS status and to produce brazzein commercially globally. The designation is important because it allows manufacturers to use Sweegen’s Sweetensify Flavors confidently, including the novel sweet protein brazzein in their product formulations.

Brazzein’s unique characteristics make it special, and its commercialization and scaling have been challenging until now. Brazzein is a rare sweet protein that originates from the fruit of the West African climbing plant, oubli. To produce brazzein sustainably, Sweegen uses a proprietary precision fermentation process, which creates clean high-purity ingredients.

“This important milestone in food and beverage creation symbolizes Sweegen delivering on its promise to brands for opening doors to scalable state-of-the-art technology for creating better-for-everyone food and beverages,” said Hadi Omrani, VP of technical and regulatory affairs. “The FEMA GRAS status is a testament to the safety of brazzein as a flavor modifier that our customers can trust to explore new and exciting taste-modulating solutions.”

Sweetensify Flavors for taste modulation improves and modulates a variety of taste attributes, which can help brands push the boundaries of healthier product innovation. Brazzein’s exceptional formulation qualities inspired Sweegen to launch Sweentisify Flavors in April 2023. It is the newest flavor tool starring its novel sweet protein Ultratia brazzein, which also features thaumatin II and other unique proteins.

“Sweegen’s product development teams have discovered remarkable synergies between Sweetensify Flavors and our Signature Stevia systems,” said Casey McCormick, VP of global innovation.

Sweet proteins like brazzein have an affinity for different taste receptors on the tongue, especially the receptor known as T1R3, which is associated with both umami and sweetness perception. Leveraging this unique attribute, Sweetensify Flavors will enable product developers to maintain the quality of characteristic flavors and sweetness while reducing the amount of sugar they use in products.

“Sweegen’s Ultratia brazzein has received great feedback from our customers during the initial formulations phase and tastings,” said Casey McCormick, VP of global innovation. “Now, the timing of the FEMA GRAS status perfectly coincides with the launch of Sweegen’s Sweetensify Flavors, which offers the best sensory experience in better-for-everyone products.”

Sweegen recently attained FEMA GRAS status for thaumatin II, a sweet protein complementary to brazzein. With the addition of brazzein, Sweegen continues to expand its portfolio of safe and effective taste modulating flavors that can help food and beverage manufacturers meet the demand for healthier and delicious products to align with consumers’ holistic approaches to wellness.

About Sweegen

Sweegen provides sweet-taste solutions for food and beverage manufacturers around the world.
We are on a mission to reduce sugar and artificial sweeteners in the global diet. Partnering with customers, we create delicious zero-sugar products that consumers love. With the best modern sweeteners in our portfolio, such as Bestevia® Rebs B, D, E, I, M, and N, and sweet proteins brazzein and thaumatin, along with our deep knowledge of flavor modulators and texturants, Sweegen delivers market-leading solutions that customers want, and consumers prefer. Well. Into the Future.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1996. Sweegen’s actual results may differ from the estimates, assumptions, and other illustrative material contained herein, and consequently, a reader should not rely on these forward-looking statements as predictions of future events. These forward-looking statements include, without limitation, illustrative information regarding Sweegen’s bottom-up assumed market potential, assumed hit rate, and the resulting revenue based on these model inputs. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Industry, Market, and Other Data
In this press release, we rely on and refer to information and statistics regarding market participants in the sectors in which Sweegen competes and other data. We obtained this information and statistics from our own internal estimates and third-party sources, including reports by market research firms and company filings. We do not expressly refer to these sources. All of this information involves a number of assumptions and limitations, and the sources of such information cannot guarantee the accuracy or completeness of such information. The industry in which Sweegen operates is subject to a high degree of uncertainty and risk due to a variety of important factors, any of which could cause results to differ materially from those expressed in the estimates made by Sweegen or third parties.

Cautionary Statement Concerning Forward-Looking Statements
This press release contains forward-looking statements, including, among other statements, statements regarding the future prospects for Reb M stevia leaf sweetener, brazzein, and thaumatin. These statements are based on current expectations, but are subject to certain risks and uncertainties, many of which are difficult to predict and beyond Sweegen’s control.

Relevant risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements and therefore should be carefully considered. Sweegen assumes no obligation to update any forward-looking statements as a result of new information or future events or developments.


Ana Arakelian, Head of Public Relations and Communications

GlobeNewswire Distribution ID 8831913

Shell plc publishes first quarter 2023 press release

London, May 4, 2023

“In Q1 Shell delivered strong results and robust operational performance, against a backdrop of ongoing volatility, while continuing to provide vital supplies of secure energy. We will commence a $4 billion share buyback programme for the next three months as part of our commitment to deliver attractive shareholder returns.”

Shell plc Chief Executive Officer, Wael Sawan


  • Q1 2023 Adjusted Earnings of $9.6 billion, with Adjusted EBITDA of $21.4 billion, with improved operational performance, lower underlying opex and better results in Chemicals & Products driven by trading & optimisation offsetting the impact of lower oil and gas prices, and higher tax compared with Q4 2022.
  • $4 billion share buybacks announced, expected to be completed by Q2 2023 results announcement, which would bring total shareholder distributions to ~$12 billion for the first half of 2023. The 2023 cash capex outlook is unchanged: $23-27 billion.
  • Strengthened the portfolio with the completion of the acquisition of Nature Energy (a renewable natural gas producer, Denmark), the investment decision for the Dover tie-back to the Appomattox production platform (USA) and the commencement of production at Vito (USA) and restart of Pierce (UK) facilities. Further simplified the portfolio through the divestment of non-core Upstream positions in onshore California and offshore Malaysia.
$ million Adj. Earnings1 Adj. EBITDA1 CFFO Cash capex
Integrated Gas 4,917 7,482 6,286 813
Upstream 2,801 8,837 5,808 1,870
Marketing 874 1,578 1,086 2,685
Mobility 340 809 607
Lubricants 345 521 67
Sectors & Decarbonisation 189 247 2,011
Chemicals & Products 1,777 3,050 2,290 613
Chemicals (332) (3) 184
Products 2,109 3,053 428
Renewables & Energy Solutions 389 668 1,091 440
Corporate (1,039) (183) (2,403) 81
Less: Non-controlling interest (NCI) 72
Shell Q1 2023 9,646 21,432 14,159 6,501
Q4 2022 9,814 20,600 22,404 7,319

1Income/(loss) attributable to shareholders for Q1 2023 is $8.7 billion. Reconciliation of non-GAAP measures can be found in the unaudited results, available on www.shell.com/investors.

  • CFFO of $14.2 billion for Q1 2023, with tax paid of $3.1 billion, and a working capital outflow of $0.8 billion. Working capital outflows due to the reversal of temporary deposits from joint ventures received in Q4 2022 and other accounts receivable / payable movements were offset by inflows resulting from initial margins, lower prices and inventories.
$ billion Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023
Divestment proceeds 0.7 0.8 0.3 0.2 1.7
Free cash flow 10.5 12.4 7.5 15.5 9.9
Net debt 48.5 46.4 48.3 44.8 44.2



Key data Q4 2022 Q1 2023 Q2 2023 outlook
Realised liquids price ($/bbl) 70 70
Realised gas price ($/mscf) 12 10
Production (kboe/d) 917 970 920 – 980
LNG liquefaction volumes (MT) 6.8 7.2 6.8 – 7.4
LNG sales volumes (MT) 16.8 17.0
  • Production and liquefaction volumes were higher than in Q4 2022 mainly due to higher uptime at Prelude in Australia.
  • Adjusted Earnings were lower than in Q4 2022 mainly due to lower prices and a tax help in Q4 2022, which were partly offset by higher volumes.
  • Trading and optimisation results were at a similar level to Q4 2022.


Key data Q4 2022 Q1 2023 Q2 2023 outlook
Realised liquids price ($/bbl) 82 74
Realised gas price ($/mscf) 13 13
Liquids production (kboe/d) 1,331 1,346
Gas production (mscf/d) 3,067 3,078
Total production (kboe/d) 1,859 1,877 1,600 – 1,800
  • Production was higher than in Q4 2022, mainly driven by lower scheduled maintenance and unscheduled deferment.
  • Adjusted Earnings were lower compared with Q4 2022 due to lower prices, timing of liftings, and tax help in Q4 2022, which were partly offset by lower opex.
  • Q2 2023 production outlook reflects higher scheduled maintenance and completed divestments.


Key data Q4 2022 Q1 2023 Q2 2023 outlook
Marketing sales volumes (kb/d) 2,543 2,446 2,350 – 2,850
Mobility (kb/d) 1,692 1,609
Lubricants (kb/d) 74 85
Sectors & Decarbonisation (kb/d) 777 752
  • Marketing Adjusted Earnings were higher than in Q4 2022 mainly due to higher margins in Lubricants which were partly offset by the seasonal impact of lower volumes, as well as lower opex in Q1 2023.


Key data Q4 2022 Q1 2023 Q2 2023 outlook
Refining & Trading sales volumes (kb/d) 1,800 1,706
Chemicals sales volumes (kT) 3,017 2,831
Refinery utilisation (%) 90 91 85 – 93
Chemicals manufacturing plant utilisation (%) 75 71 62 – 70
Global indicative refining margin ($/bbl) 19 15
Global indicative chemical margin ($/t) 37 138
  • Higher trading and optimisation results than in Q4 2022 were partly offset by lower indicative refining margins.
  • Chemicals margins improved due to lower feedstock and utility costs compared with Q4 2022.
  • Lower opex in Q1 2023 mainly reflects Q4 2022 year-end phasing effects.
  • Q2 2023 Chemicals outlook reflects ongoing economic optimisation due to the continuing low-margin environment and a slower than expected ramp-up of Shell Polymers Monaca.


Key data Q4 2022 Q1 2023
Adj. Earnings ($ billion)* 0.3 0.4
Adj. EBITDA ($ billion)* 0.4 0.7
External power sales (TWh) 66 68
Sales of natural gas to end-use customers (TWh) 241 221
Renewables power generation capacity** 6.4 6.4
  • in operation (GW)
2.2 2.3
  • under construction and/or committed for sale (GW)
4.2 4.0

*Segment earnings for Q1 2023 are $2.2 billion. Reconciliation of non-GAAP measures can be found in the unaudited results, available on www.shell.com/investors.
**Excluding Shell’s equity share of associates where information cannot be obtained

  • Q1 2023 Adjusted Earnings, on a stand-alone basis, were driven by strong trading and optimisation margins for gas and power due to continued price volatility primarily in European and American markets. Compared with Q4 2022, Adjusted Earnings reflect lower operating expenses, partly offset by lower trading and optimisation results.
  • Shell Energy Australia has entered into a partnership to deliver a utility-scale battery energy storage system in Cranbourne, Victoria. Shell has access to 100% of the battery’s offtake over a 20-year period.

Renewables and Energy Solutions includes 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.


Key data Q4 2022 Q1 2023 Q2 2023 outlook
Adjusted Earnings ($ million) (626) (1,039) (600) – (400)
  • Q1 2023 Adjusted Earnings were impacted by one-off tax charges.
  • The Adjusted Earnings outlook is a net expense of $2,200 – 2,600 million for the full year 2023.
    This excludes the impact of hedge effectiveness and currency exchange effects.


23 May 2023 Annual General Meeting
14 June 2023 Capital Markets Day 2023
27 July 2023 Second quarter 2023 results and dividends
2 November 2023 Third quarter 2023 results and dividends


Results materials Q1 2023

Quarterly Databook Q1 2023

Dividend announcement Q1 2023

Webcast registration Q1 2023


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 contains a forward-looking non-GAAP measure for cash capital expenditure and divestments. We are unable to provide a reconciliation of this forward-looking non-GAAP measure to the most comparable GAAP financial measure because certain information needed to reconcile the non-GAAP measure to the most comparable GAAP financial measure 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 measure 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.


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. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”.  Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. 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”, “could”, “estimate”, “expect’’, “goals”, “intend”, “may”, “milestones”, “objectives”, “outlook”, “plan”, “probably”, “project”, “risks”, “schedule”, “seek”, “should”, “target”, “will” 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; 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, 2022 (available at www.shell.com/investor 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, May 4, 2023. 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”, 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 only controls its own emissions. The use of the term Shell’s “Net Carbon Intensity” 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 Net Carbon Intensity (NCI) targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCI target, as these targets are 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, 2022 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 first quarter 2023 unaudited results available on www.shell.com/investors.


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

GlobeNewswire Distribution ID 1000808084

Azerion publishes Notice of Annual General Meeting 2023

Amsterdam, 3 May 2023 – Azerion Group N.V. has today published the Notice of Annual General Meeting 2023 (AGM), which will be held on 15 June 2023. The notice, agenda and accompanying explanatory notes, as well as the 2022 Annual Report and other relevant documentations have been published on our website www.azerion.com/agm/

The agenda of the AGM includes, amongst other proposals, to adopt the 2022 financial statements, to cancel a proportion of the treasury shares and amend the company’s articles of association. Additional information on resolutions and board recommendations for voting, are available in the Notice of AGM.

Further information regarding the registration and attendance of the AGM, as well as instructions and deadlines on how to vote and submit questions, can be found on our website http://www.azerion.com/agm/.

About Azerion

Azerion is a high-growth digital entertainment and media platform. As a content-driven, technology and data company, Azerion serves consumers, digital publishers, advertisers, and game creators globally. Azerion’s integrated platform provides technology solutions to automate the purchase and sale of digital advertising for media buyers and sellers, supported by in-market sales and campaign management teams. Through our technology, content creators, digital publishers and advertisers work with Azerion to reach the millions of people across the globe that play Azerion’s games and view its distributed entertainment content to increase engagement, loyalty, and drive e-commerce.

Founded in 2014 by two Dutch entrepreneurs, Azerion has experienced rapid expansion driven by organic growth and strategic acquisitions. Azerion is headquartered in Amsterdam, the Netherlands and is a publicly traded company listed on Euronext Amsterdam.

For more information visit: www.azerion.com


Investor Relations

The companies in which Azerion Group N.V. directly and indirectly owns investments are separate legal entities. In this announcement “Azerion”, “Azerion Group”, “Company” and “Group” are sometimes used for convenience where references are made to Azerion Group N.V. and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Azerion Group N.V. and its subsidiaries in general or to those who work for them.

This press release is for information purposes only. The information contained in this press release does not purport to be full or complete and, in particular, is not intended to form the basis of any investment decision. No reliance may be placed by any person for any purpose on the information contained in this press release or its accuracy, fairness or completeness. Azerion will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided.

This press release may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as believes, estimates, plans, projects, anticipates, expects, intends, may, will, should or other similar words or expressions are typically used to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause the actual results of Azerion to differ materially from future results expressed or implied by such forward-looking statements. Any forward-looking statements reflect Azerion’s current views and assumptions based on information currently available to Azerion’s management. Forward-looking statements speak only as of the date they are made, and Azerion does not assume any obligation to update such statements, except as required by law. No assurances can be given that the forward-looking statements will be realised. No representation or warranty is made that any of these forward-looking statements will come to pass or that any estimated result will be achieved. Accordingly, no undue reliance should be placed on any forward-looking statements.

GlobeNewswire Distribution ID 1000807993

Vietnamese cultural heritages introduced to UNESCO community

Vietnamese cultural heritages and the image of a country of Vietnam with development, renovation and dynamism imbued with national identity were introduced to international friends during an event in Paris on May 3.

Addressing the event, which drew more than 100 ambassadors and representatives from countries to UNESCO, Ambassador Le Thi Hong Van, Permanent Representative of Vietnam to UNESCO affirmed that the promotion of cultural values and people’s strengths is key for Vietnam to realise its dream for a prosperous nation.

She called for UNESCO member country’s support to Vietnam’s candidacy for the UNESCO World Heritage Committee in the 2023-2027 tenure.

Vietnam will coordinate closely with the international community to ensure that cultural heritage is not only a treasure and a source of life for cultural diversity and creativity, but also a driving force for sustainable development and an inspiration for the future.

Participants to the event had a chance to enjoy Vietnamese folk music and traditional puppetry performances.

Speaking to Vietnam News Agency’s correspondents in Paris, Ambassador Simona-Mirela Miculescu, Permanent Representative of Romania to UNESCO, recalled her memories when accompanying the Romanian President to visit Vietnam 20 years ago. She showed her impression at the Vietnamese people’s hospitality.

Within the event’s framework, an exhibition was held to introduce UNESCO-recognised cultural heritages. Participants also enjoyed special dishes of Vietnam.

Currently, Vietnam is serving as a member of the UNESCO Inter-Governmental Committee for Safeguarding of the Intangible Cultural Heritage, and vice chair of the UNESCO Intergovernmental Committee of the 2005 Convention for the Protection and Promotion of the Diversity of Cultural Expressions.

The country is racing for a seat at the UNESCO World Heritage Committee for the 2023-2027 period, to which members will be elected in November 2023.

According to Ambassador Van, with Vietnam’s active and effective contributions to multilateral forums at UNESCO, the country has gained confidence from member countries in its contribution and governance capacity in preserving and promoting the values of cultural heritage. UNNESCO member states also spoke highly of Vietnam’s policies and commitments to turn heritages into assets, potential into resources, and culture into endogenous strength for sustainable and inclusive socio-economic development, contributing to the joint efforts of UNESCO and the world in preserving heritage./.

Source: Vietnam News Agency

Retail power price up 3% from May 4

The average retail price of electricity increases 3% to 1,920.373 VND (0.082 USD) per kWh from May 4, following a decision by the Vietnam Electricity (EVN) on adjusting the electricity retail prices.

According to the EVN, the decision, issued on April 27, was based on the Prime Minister’s Decision No.24/2017/QD-TTg on the mechanisms to amend the average power retail prices, and the Ministry of Industry and Trade’s Document No.304/BCT-ÐTDL on the implementation by the Cabinet.

Earlier, on March 31, the Ministry of Industry and Trade announced the inspection results on EVN’s power production and trading cost in 2021 and 2022, which showed that the cost rose 9.27% year on year in 2022 to over 2,032.26 VND per kWh, leading to a loss of over 26.46 trillion VND for the firm in the year./.

Source: Vietnam News Agency