Recently, the executive meeting of Atmospheric Water Generation Technology Limited was held in Hong Kong, announcing the launch of a security token offering (STO) program on “Development Fund of Atmospheric Water Generation in Middle East”. Dato’ Sri Prof. Ng Tat-yung, the company’s Honorary Chairman, Datin Sri Dr. NG Tsz-yan, the company’s Chairman, Dr. SO Shu-fai, the company’s Vice Chairman and CEO, Mr. Fung Chi-kin, Special Advisor to chairman, and Councillor Hon. Tse Wai-chun, the company’s Legal Advisor attended the meeting.
The company’s CEO, Dr. SO Shu-fai, ComM, stated, “The ‘Development Fund of Atmospheric Water Generation in the Middle East’ STO program aims to raise US$100 million within the regulatory framework in Hong Kong. The funds will be used to acquire atmospheric water generation equipment and related patent licenses, which will be sold and leased through market operators in various Middle Eastern countries. A portion of the proceeds will be distributed to token holders, and we will seek to list the token on a licensed exchange to enhance liquidity.”
It is reported that since the implementation of the licensing regime by the Hong Kong government for virtual asset service providers, the first approved Security Token Offering (STO) on Real Estate was publicly announced on September 11th by the Securities and Futures Commission of Hong Kong.
Atmospheric Water Generation Technology Limited (AWG Tech Ltd)
Achieve common prosperity; and quench the thirst of the world
Based on global atmospheric water rights and related patents, ATMOSPHERIC WATER GENERATION TECHNOLOGY LIMITED (AWG Tech Ltd) conducts business in Hong Kong, Southeast Asia markets and countries along the Belt and Road, including sales of Heaven Springs’ atmospheric water generation equipment, air-water beverages, air-water farming, air-water supply and sustainable urban construction with atmospheric water generation, involving home appliances, food and beverages, new agriculture, new energy, environmental protection, real estate and other industry sectors; at the same time, in line with Hong Kong’s policy on developing the status of an international virtual asset trading hub, the company is planning to issue security tokens (STO) and utility tokens such as atmospheric water rights that support the development of the atmospheric water industry.
Build Air-Water Industry, Deploy Global Development
This development model that combines virtuality and reality can leverage the current booming potential of digital finance, use air-water technology as the fulcrum, air-water finance as the driving force, and air-water diplomacy as the platform to drive the commercialization of the air-water industry, effectively promote the formation of air-water economies. Ultimately, we hope that through the practice and popularization of global atmospheric water rights, all stakeholders of water resources such as governments, private sector and end-users will work together to optimize water policies and water resources management, promote the process of sustainable development, achieve common prosperity, and quench the thirst of the world, to help building a community with a common future for mankind.
AWG Tech Ltd is one of ventures in the portfolio on ESG investment of the Global Investment Fund. ST Group Holding limited is the major shareholder. Its individual shareholders are Dr. SO Shu-fai, ComM Director & corporate advisor and former Vice Chairman & CEO of SJM Holdings (00880), and Dr. LO Man-tuen, GBM, JP, Vice Chairman of 10th All-China Federation of Returned Overseas Chinese and the Chairman of China Peaceful Development General Summit of Hong Kong Macao Taiwan Diaspora Company Limited (HK).
Global Investment Fund is an arm of the World Trade United Foundation, an UN consultative NGO for financial service. It focuses on industries that are important to economic transformation and sustainable development. Its ventures must have unique competitiveness and highly feasible business models, and their products must be and services have significant growth potential in China and global markets.
The company’s senior management team includes celebrities from all walks of life in science, business and politics: Dato’ Sri Prof. NG Tat-yung, SSAP, the inventor of the atmospheric water generation system and member of steering committee of the United Nations Science-Policy-Business Forum on Environment, serves as the honorary chairman. Datin Sri Dr. NG Tsz-yan Irys, Member of international steering committee of High-Level Conference on Water Action Decade serves as chairman. Dr. SO Shu-fai, ComM, Director & corporate advisor and former Vice Chairman & CEO of SJM Holdings (00880) serves as vice chairman and CEO. Dr. LO Man-tuen, GBM, JP, Vice Chairman of 10th All-China Federation of Returned Overseas Chinese and the Chairman of China Peaceful Development General Summit of Hong Kong Macao Taiwan Diaspora Company Limited (HK), and Hon. Bruce ATKINSON former President of Legislative Council of Victorian Parliament in Australia serve as Vice Chairman. Fung Chi-kin, former CAO of BOCI Holdings and former Vice Chairman of the Hong Kong Stock Exchange serves as Special Advisor to the Chairman; Roger YUEN Kwong-ming, Fellow of the Canadian Bankers Institute and Deputy Chairman of the Hong Kong Institute of Economists Chairman, member of the 10th to 12th Shanghai CPPCC, first Head of Citibank Shanghai Branch, and former head of China and Taiwan Private Banking Department of Hong Kong Bank of East Asia, serves as vice president. Hon. Paul TSE Wai-chun, JP, Chairman of the Rules of Procedure Committee and member of the Hong Kong Legislative Council, and Solicitor serves as legal advisor.
Revolutionary Solution on Water Resources: Atmospheric water generation
In recent years, droughts have occurred frequently around the world, especially in the West Coast of the United States, France and other European countries, Australia, and China, which have had a huge impact on local drinking water, as well as agricultural and industrial production and economy. As a revolutionary water resource solution, atmospheric water generation has repeatedly received attention and commendations from international organizations such as the United Nations. It has also been favored and supported by financial institutions such as Barclays, the world’s top-10 investment bank, and Deloitte, one of the big four accounting firms.
Atmospheric water generation is an enabling technology with a wide range of applications. It can ensure the production of water-related enterprises, provide upgrading and transformation services for water-related industries, and improve the sustainability and disaster resistance of urban communities. It is an important factor in alleviating water shortages in the global water crisis, water pollution, water safety and other issues.
The United Nations has called for new ways of managing water resources to address the challenges posed to water security by population growth and climate change. In order to cope with the water scarcity problem of billions of people in the future and seek safe drinking water solutions, Dato’ Sri Prof. NG Tat-yung has developed a series of inventions and technological innovations on atmospheric water generation systems. His Excellency has applied for more than 300 patents in various countries in Asia, America and Europe, including Air purification and condensation technology, atmospheric dew conversion system, etc.
Heaven Springs Group founded in 2015 in Hong Kong is committed to the sustainable development on economic, environment, and social aspects with water resources as the core, providing high tech solutions for global water security.
New approaches thanks to Innovation in atmospheric water generation Technology
As a sustainable and reliable source of fresh water, atmospheric water resource can be used to solve the global water crisis on scarcity and pollution. 5,000 cubic kilometers of water are withdrawed from the surface and underground every year, which is renewable but not sustainable. Meanwhile, 505,000 cubic kilometers of water evaporate into the atmosphere every year in the natural water cycle driven by solar radiation and is not fully utilized. Thanks to innovations in atmospheric water generation technology, it has become possible to collect inexhaustible water from the air in a cost-effective manner. The air-water generator manufactured by Heaven Springs can convert air into drinking water or industrial and agricultural water to solve the problem of inaccessibility of conventional water sources in desert cities, ships, islands, offshore platforms, etc.
Heaven Springs Group is:
- Partners and drinking water providers of the High-level International Conference on the Water Action Decade,
- Partners of the UN Science-Policy-Science Forum on Environment,
- One of 12 ventures strongly recommended by Unreasonable Impact created with Barclays
- Selected brand of CCUP of the Expo 2015 Milan,
- Appointed Water Provider of 2016/2017 Qatar World 9-Ball Championship,
- Top-10 Hong Kong Brands of 2017,
- Winner of the UNIDO “Bridge of Cities” Business Plan Competition in 2028,
- Alibaba Top-10 Cross-border E-commerce Enterprises in Hong Kong of 2020,
- Selected Brand of the China Pavilion Franchise at Expo 2020 Dubai.
- Its subsidiaries are National Hi-tech Enterprises.
Heaven Springs’ solution with Atmospheric water generation is the first of its kind to “harvest water from the air” and fills the gap in the history of mankind’s efficient use of renewable water sources in the atmosphere. It has been interviewed and reported by CCTV and CMG, and is known as “China’s Fifth Great Inventions”.
Strongly Recommended by Barclays the world’s top-10 investment bank
In 2018, Heaven Spring Group’s atmospheric water generation project was selected by the “Unreasonable Impact” Asia-Pacific program, created withBarclays, one of the world’s top ten investment banks, as an outstanding enterprise in technology to be promoted to global partners.
Atmospheric water rights
Responding to Air Mining Rights
“Global Atmospheric Water Rights” is a licensing business based on invention patents and equipment related to air-water technology, forming an ecological chain for air-water industry on a global scale. Under the regulatory framework, through blockchain applications such as Securities Token Issuance (STO), water-resources-based digital currency is minted to complete the digital financial deployment of air-water industry, from water technology to water economy, so that promote the ecological development of the air-water industry.
On December 11 of 2017, the launching ceremony of Atmospheric Water Rights Alliance: “jointly developing the global air-water industry” was held in Beijing co-sponsored by the Embassy of the Kingdom of Lesotho in China, the World Trade Union Foundation, the United Chinese Commerce Association of Australia, the Belt and Road Innovation and Environmental Protection Technology Alliance, the North America Chinese Commerce Association, Heaven Springs Group. 200 participants including envoys from ten countries in China, political and business figures from all walks of life, and descendants of the founding generals attended the dinner.