Recent breakthroughs made in the field of ultracold atoms ushered in a new era where novel quantum phenomena can be quantum simulated in an atomic system with high degrees of control. In particular, the last decade has witnessed a revolution in the experimental and theoretical studies of novel quantum systems with ultracold atoms. This workshop will review the recent advances in the quantum simulation of novel phenomena using ultracold atomic systems. Leading experimentalists and theorists in this field will be invited to discuss outstanding research questions and the current status of cold atoms research in order to establish forward-looking collaborations. This workshop will bring international scholars together with researchers from Hong Kong and Mainland China under one roof for mutual exchange and learning.