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Toronto Stock Exchange Hosts Panel, Carbon Capture And Storage Solutions: Financing And Scaling For Canada, During Canada Climate Week Xchange
Newsfile· 2025-11-11 18:00
Core Insights - The Toronto Stock Exchange is hosting a panel on Carbon Capture and Storage Solutions as part of the inaugural Canada Climate Week Xchange (CCWX) to discuss financing and scaling these solutions for Canada's 2030 emission reduction goals [1][2]. Event Details - The panel titled "Carbon Capture And Storage Solutions: Financing And Scaling For Canada" will take place during CCWX 2025, scheduled from November 24 to November 30, 2025 [2]. - The event will be held in a hybrid format at the TMX Market Centre in Toronto, Ontario, starting at 1:00 PM EST on November 24, 2025 [5]. About CCWX - Canada Climate Week Xchange (CCWX) is a five-year initiative aimed at uniting Canadians to collaborate on climate-related challenges, encouraging participation from organizations and individuals [4].
Millani Inc. to Host Strengthening Canada's Future: Mining For Economic Resilience And The Energy Transition During Canada Climate Week Xchange
Newsfile· 2025-11-11 16:40
Core Insights - Millani Inc. is participating in the inaugural Canada Climate Week Xchange (CCWX) to host an event focused on mining for economic resilience and energy transition [1][2] - The event aims to address critical challenges and opportunities in Canada's resource sector, emphasizing sustainable practices and Indigenous engagement [1][2] - Millani's role includes fostering dialogue among stakeholders to enhance Canada's economic resilience and job growth through strategic partnerships and long-term planning [1] Event Details - The event "Strengthening Canada's Future: Mining For Economic Resilience And The Energy Transition" will take place during CCWX 2025 from November 24 to November 30, 2025 [2] - The format of the event includes a context-setting session, a panel, and roundtable discussions [1] Company Overview - Millani Inc. provides responsible investing and corporate sustainability advisory services, focusing on ESG integration and impact [4] - The company has established itself as a partner of choice for institutional investors and corporations over the past 16 years, helping to integrate material ESG issues into investment strategies [5] - Millani's client-centric approach emphasizes practical implementation and independent advice, positioning the company uniquely in the Canadian market [6]
CCWX Founding Members to Host The Big Bet: Canada's "All In" Climate AMA During Canada Climate Week Xchange
Newsfile· 2025-11-05 20:30
Core Insights - CCWX Founding Members are participating in the inaugural Canada Climate Week Xchange (CCWX) to promote impactful discussions on climate solutions in Canada [1][5] - The event titled "The Big Bet: Canada's 'All In' Climate AMA" will feature a session where experts will discuss their top climate solution for Canada [1][2] Event Details - The Big Bet: Canada's "All In" Climate AMA will occur during CCWX 2025 from November 24 to November 30, 2025 [2][5] - The event will be held in a hybrid format at 120 Adelaide Street West, Toronto, starting at 10:00 AM EST on November 24, 2025 [6] Participating Organizations - CCWX Founding Members include the Toronto Stock Exchange, Canada Climate Law Initiative (CCLI), CPA Canada, First Nations Financial Management Board (FMB), GLOBE, and Responsible Investment Association (RIA) [4]
Iron & Earth to Host Climate Crossroads: Pathways to Energy Equity During Canada Climate Week Xchange
Newsfile· 2025-10-21 14:10
Core Insights - Iron & Earth is hosting an event called Climate Crossroads: Pathways to Energy Equity during Canada Climate Week Xchange (CCWX) to foster connections in the renewable energy sector [1][2] - The event aims to address transformations in the energy industry and future job opportunities in renewable energy, targeting professionals and students interested in the green economy [1][2] Company Overview - Iron & Earth is a non-profit organization focused on facilitating a Just Transition by lowering barriers to participation in the green economy, promoting community-driven transformation for sustainability [4] - The organization operates four key programs: Renewable Skills Initiative, Prosperous Transition Campaign, Community Talks, and Climate Career Portal, all aimed at enhancing energy literacy and supporting career transitions in renewable sectors [4] Event Details - Climate Crossroads: Pathways to Energy Equity will take place on November 28, 2025, from 9 AM to 5 PM EST at The Innovation Complex at the University of Toronto Mississauga [7] - CCWX is a five-year initiative designed to unite Canadians to collaborate on climate-related challenges, with the inaugural event scheduled from November 24 to November 30, 2025 [5]
GlobeScan to Host Activating Public Support In Canada For A Net-Zero, Nature-Positive Future: Where Are We And What Will It Take To Get To 2030 During Canada Climate Week Xchange
Newsfile· 2025-10-20 15:45
Core Insights - GlobeScan is participating in the inaugural Canada Climate Week Xchange (CCWX) to discuss activating public support for a net-zero, nature-positive future in Canada [2][3] - The session will present insights from the GlobeScan Societal Shift Project, which aims to identify effective pathways for public engagement regarding climate and nature crises [2] - The project utilizes a global survey to explore five dimensions of public engagement, leading to the creation of a Societal Shift Index to track public sentiment and identify leverage points for social change [2] Event Details - The event titled "Activating Public Support In Canada For A Net-Zero, Nature-Positive Future: Where Are We And What Will It Take To Get To 2030" will take place during CCWX 2025 from November 24 to November 30, 2025 [3][9] - The session is scheduled for November 25, 2025, at 12:00 PM EST and will be held virtually [8] Company Background - GlobeScan is an insights and advisory firm that specializes in trust, sustainability, and engagement, helping clients navigate societal and stakeholder expectations [5] - Established in 1987, GlobeScan has a global presence with offices in multiple cities including Toronto, London, and San Francisco [6] - The company is a participant of the UN Global Compact and is recognized as a Certified B Corporation [6]
XChange TEC.INC Announces Acquisition of Hong Kong Insurance Brokerage Firm to Expand Market Presence
Prnewswire· 2025-04-04 13:00
Core Insights - The company has announced the acquisition of a Hong Kong-based insurance brokerage firm, providing direct access to Hong Kong's insurance market and enabling the launch of tailored insurance solutions for clients in China and internationally [1][2] - This acquisition is a significant step in the company's Asia-Pacific growth strategy, capitalizing on the robust growth of Hong Kong's insurance sector driven by demand from mainland Chinese clients and expatriates [2] - The company aims to establish itself as a one-stop hub for sophisticated risk management and wealth enhancement solutions, leveraging local regulatory capabilities to deliver innovative insurance products [2] Company Overview - XChange TEC.INC operates an insurance agency and insurance technology business, with a PRC license and a wide range of insurance products underwritten by major insurance companies in China [3] - The insurance technology segment focuses on developing a SaaS platform to connect consumers with underwriting support, enhancing the overall service delivery in the insurance sector [3]
TrueCommerce xChange Doubles Down on Channel Partner Relationships in 2025
GlobeNewswire News Room· 2025-03-11 12:30
Core Insights - TrueCommerce has significantly expanded its TrueCommerce xChange channel program since its launch in January 2023, now boasting over 340 partners globally and a 67% increase in its global channel team in 2024 [1][2] Group 1: Program Development - The TrueCommerce xChange program is focused on enhancing partner relationships through increased educational programs and collaboration on partner-led events [2][4] - In 2025, TrueCommerce xChange plans to ramp up engagement with partners, emphasizing joint sales initiatives and deeper connections with Global System Integrators (GSIs) and Independent Software Vendors (ISVs) [2][3] Group 2: Partner Benefits - The TrueCommerce xChange program offers partners access to a comprehensive range of cloud-based supply chain solutions, including EDI, integrated eCommerce platforms, and marketplace solutions [5] - Key features of the program include "Zero Touch Orders" for operational efficiency, expertise-driven managed services, and tiered partner levels (Elite, TrueBlue, Reseller) that provide varying degrees of support and resources [5][6] Group 3: Strategic Focus - The company emphasizes the importance of collaborative partnerships as essential to effective supply chain solutions, aiming to drive business success for both partners and customers [4][5] - TrueCommerce's commitment to its partners is reflected in the tailored support provided by Channel Development Representatives (CDRs) aligned with specific Enterprise Resource Planning (ERP) systems [2][3]
RegEd Expands its Xchange Solution to Support Canadian Insurance Licensing and Securities Registration Requirements
GlobeNewswire News Room· 2025-02-12 17:00
Core Insights - RegEd has expanded its Xchange Producer Management platform to support insurance licensing and securities registration in Canada, allowing financial services firms to harmonize their processes across the US and Canada [1][2][3] Group 1: Expansion and Capabilities - The expansion of Xchange enables financial services firms to streamline operational workflows, reduce administrative overhead, and ensure compliance across multiple jurisdictions [2][3] - RegEd's investment in localization capabilities and integration with the National Registration Database (NRD) reinforces its commitment to delivering top-tier compliance technology [4][8] - The platform now supports both English and French-language interfaces, ensuring a seamless experience for Canadian users [8] Group 2: Market Position and Client Base - RegEd is recognized as the market leader in RegTech enterprise solutions, with relationships with over 200 enterprise clients, including 80% of the top 25 financial services firms [5][6] - The company has been continuously innovating in regulatory technology since its establishment in 2000, focusing on workflow-directed processes and compliance dashboards [6][7] Group 3: Industry Trends - Financial services firms are increasingly modernizing outdated licensing and registration systems, particularly those with operations in Canada, highlighting the need for a unified platform [2][3] - The demand for comprehensive, automated solutions that simplify compliance for firms operating in both the U.S. and Canada is growing [3][5]
XChange TEC.INC.(XHG) - 2024 Q4 - Annual Report
2025-01-22 21:20
Share Structure and Ownership - The company has a dual class share structure with a total of 246,310,681,046,400 ordinary shares outstanding, including 239,917,892,046,400 Class A shares and 6,392,789,000,000 Class B shares[30]. - Golden Stream Ltd. owns 2.60% of the total outstanding share capital and holds 21.04% of the voting power due to the dual class structure[31]. Business Operations and Financials - The company operates through a Cayman Islands holding company and relies on dividends from its subsidiaries for cash requirements[32]. - The company conducts insurance agency businesses in China through its subsidiaries and Current VIEs, consolidating their financial results under U.S. GAAP[33]. - As of September 30, 2024, total assets amounted to approximately RMB 782.84 million, with cash and cash equivalents at RMB 8.09 million[54]. - The company reported a total current liabilities of approximately RMB 1.34 billion, with short-term debt constituting RMB 32.07 million[54]. - The accumulated deficit reached approximately RMB 3.86 billion, indicating significant financial challenges[54]. - For the year ended September 30, 2024, the company reported operating revenues of RMB 288,369,000 and a gross profit of RMB 13,468,000[55]. - The net loss from continuing operations was RMB 613,166,000, with an accumulated deficit of RMB 3,856,800,000 as of September 30, 2024[68]. - The company generated a net cash used in operating activities of RMB 9,000,000 for FY 2024, compared to RMB 22,200,000 for FY 2023[68]. - The company completed the acquisition of 100% equity interest in Alpha Mind for US$180,000,000, with an outstanding principal amount of USD$152.14 million in Notes as of September 30, 2024[69]. - The company recorded a net loss of RMB 226,800,000 (US$32.3 million) for FY 2024, following a net loss of RMB 71,300,000 (US$9.8 million) in FY 2023[68]. Regulatory Environment - The Overseas Listing Regulations require issuers to fulfill filing procedures within three working days after applying for an initial public offering[41]. - The company has not received or been denied requisite permissions by any PRC authority in connection with its recent acquisition[42]. - The company is not required to undergo cybersecurity review as it does not control personal information of more than one million users[40]. - Current PRC regulations allow Alpha Mind WFOE to pay dividends only from accumulated profits, which are subject to examination by banks designated by SAFE[49]. - The company faces uncertainties regarding the interpretation of PRC laws and regulations, which could impact capital market transactions and the value of securities[44]. - The company operates through a VIE structure, which poses risks if the PRC government deems these arrangements non-compliant with regulations[134]. - The implementation of the Foreign Investment Law may significantly impact the corporate structure and operations of the company and its PRC subsidiaries[152]. - Future laws may regard contractual arrangements as a form of foreign investment, potentially violating foreign investment access requirements[153]. - Changes in PRC laws could adversely affect the company's contractual arrangements and business operations, leading to substantial uncertainties[154]. Financial Challenges and Risks - The company faces uncertainties regarding the approval and filing requirements for offshore offerings under new regulations[162]. - The company has received a notice from NASDAQ indicating non-compliance with the requirement to maintain a minimum Market Value of Listed Securities (MVLS) of $35 million, with a compliance period ending on May 12, 2025[227]. - If the company fails to regain compliance with NASDAQ Listing Rules by the end of the compliance period, it may face delisting of its securities[227]. - The independent auditor's report questions the company's ability to continue as a going concern due to past net losses and significant indebtedness[72]. - The company faces customer concentration risk, with one client contributing over 10% of total revenue and three provinces in Northern China accounting for over 50% of commission revenue in recent years[90]. - The company faces credit risks from customers, particularly in disputes over commission and fee income, which could negatively impact its financial position[110]. - The company is subject to extensive regulation by the CBIRC, which could result in financial losses if compliance is not maintained[129]. Market and Competitive Landscape - The insurance agency market is highly competitive, with competitors potentially having greater resources and brand recognition[87]. - The company launched a SaaS platform in 2023 to expand its insurance agency business online, although it has not yet generated revenue from this initiative[96]. - The commission revenue from insurance products is based on premiums and commission rates set by insurance companies, making the company vulnerable to changes in these rates[83]. - The COVID-19 pandemic has adversely impacted vehicle sales in the PRC automobile industry, affecting the company's automobile insurance business[101]. Internal Controls and Compliance - As of September 30, 2024, the company identified one material weakness in its internal control over financial reporting, concluding that these controls were not effective[124]. - The company is subject to the Sarbanes-Oxley Act of 2002, which requires an annual report on internal control over financial reporting[123]. - The company has internal policies to deter misconduct, but cannot guarantee that such issues will not occur, potentially impacting its financial condition[109]. Currency and Taxation Risks - The company may be treated as a PRC resident enterprise for tax purposes, subjecting it to a 25% enterprise income tax on global income if it has a "de facto management body" in the PRC[184]. - Dividends payable to foreign investors may be subject to a 10% PRC withholding tax, and gains from the sale of Class A Ordinary Shares may also incur a 10% tax if derived from PRC sources[188]. - Governmental control of currency conversion may limit the ability of PRC subsidiaries to utilize net revenues effectively and transfer cash across borders[197]. - Fluctuations in the value of the Renminbi may adversely affect the company's investment, especially in converting U.S. dollars for operations in the PRC[201]. Technology and Operational Risks - The company relies heavily on its information technology systems for processing transactions, and any significant disruptions could materially affect its operations and profitability[104]. - The company must continuously invest in its IT and SaaS systems to keep up with technological developments, which may not always lead to increased profitability[106]. - Upgrading facilities and technology to support business growth may require substantial investment, impacting operational efficiency[128].
Introducing Canada Climate Week Xchange (CCWX), A New Initiative Dedicated To Promoting Cross-Collaboration on Canada's Climate-Related Challenges
Newsfile· 2024-11-21 14:00
Core Insights - Canada Climate Week Xchange (CCWX) is a new five-year initiative aimed at promoting collaboration among organizations to support Canada's commitment to significant reductions in greenhouse gas emissions by 2030 [1][2] - The inaugural CCWX will take place from November 24 to 30, 2025, and will feature a variety of events focused on climate-related challenges and opportunities in Canada [2][5] Group 1: Initiative Overview - CCWX is a collaboration involving the Toronto Stock Exchange, Canada Climate Law Initiative, CPA Canada, GLOBE Series, and the Responsible Investment Association [2][3] - The initiative aims to create a platform for discussions that will help businesses, regulators, and the public make informed decisions regarding climate change [3][4] Group 2: Stakeholder Perspectives - The Toronto Stock Exchange emphasizes the importance of diverse voices in driving effective climate action [3] - CPA Canada highlights its commitment to providing practical guidance on sustainability standards and carbon markets as part of the initiative [3] - First Nations organizations are recognized for their unique potential in climate solutions and the need for investments in climate adaptation [3] - GLOBE Series expresses urgency in addressing climate challenges and sees CCWX as an opportunity to accelerate innovative solutions [4] - The Responsible Investment Association underscores the necessity of collaboration across industries to address climate change effectively [4]