West Palm Beach, FL, June 30, 2026 - (ACN Newswire via SeaPRwire.com) - U.S. Polo Assn.®, the official sports brand of the United States Polo Association (USPA), continues to gain global momentum in 2026, earning a series of high-profile honors and recognitions that reflect the brand's expanding footprint, deepening consumer trust, and growing influence in sports-driven content and storytelling.Among U.S. Polo Assn.'s top recognitions this year, the global, multi-billion-dollar brand was honored at the 11th Annual 2026 Globee Awards for Achievement with Gold for the "Global Expansion" category and Silver for the "Brand Development" category. These awards highlight U.S. Polo Assn.'s ability to scale its authentic, sport-inspired brand across more than 190 countries while building a consistent and relevant brand in diverse markets worldwide. The recognition follows a record-setting $2.7 billion in global retail sales in 2025, reinforcing the brand's continued upward trajectory.Trust and consumer credibility also took center stage in 2026, with U.S. Polo Assn. named a 5-Star honoree in USA TODAY's "Most Trusted Brands" rankings, voted on by more than 23,000 U.S. consumers in a nationwide survey. The distinction underscores the brand's strong connection with consumers through quality, accessibility, and authenticity rooted in the sport of polo. In India, one of the brand's most dynamic and fastest-growing markets, U.S. Polo Assn. was recognized by Marksmen Daily as one of the "Most Trusted Brands of India," underscoring the brand's status as the largest sport-casual menswear brand in the country.Expanding its role in sports media and content creation, U.S. Polo Assn.'s media subsidiary, Global Polo, also earned multiple honors for its original programming, Breakaway. The brand's ESPN-distributed series was named a finalist for "Best Specialized Sports Content Storytelling" at the 2026 Cynopsis Sports Awards for its Season 3-episode, Polo in the Palm Beaches, and also received its third consecutive Platinum at the 2026 LIT Entertainment Awards in the "Television - Original Content" category for its Season 2-episode, Polo in India. The award-winning series offers an inside look at the world of elite competition and reinforces the brand's commitment to elevating awareness and engagement around the sport of polo through compelling, behind-the-scenes storytelling.Further reinforcing U.S. Polo Assn.'s content rich marketing strategy, the brand's global magazine, Field X Fashion, Issue 2, was named a finalist for "Best Use of Print" at the 2025 International Content Marketing Awards, with results announced in early 2026. The one-of-a-kind publication brings together the world of U.S. Polo Assn., including sport, fashion, philanthropy, and culture through elevated editorial storytelling and visually driven narratives that highlight the brand's authentic heritage."These global recognitions speak to the strength of our global strategy and the authenticity that continues to set U.S. Polo Assn. apart as we build a brand that resonates across markets and connects through the sport of polo," said J. Michael Prince, President and CEO of USPA Global, the company that manages the U.S. Polo Assn. brand. "Our growth is fueled by a clear vision to execute with consistency, creativity, and purpose."Today, U.S. Polo Assn.'s global presence spans 190 countries, with approximately 1,200 retail stores and a rapidly expanding digital ecosystem of more than 60 e-commerce sites in 20 languages. Backed by strong global partnerships, including ESPN in the United States and leading broadcasters across Europe, India, and the Middle East, the brand continues to grow its reach with sports fans and consumers.Looking ahead, U.S. Polo Assn. will continue to build on this momentum through its global campaign, The Polo Shirt: An Icon Born from the Game™, celebrating the authentic origins of one of the world's most recognizable style essentials. With a focus on sustained growth, cultural relevance, and sport-inspired storytelling, U.S. Polo Assn. continues to thrive as one of the world's largest and most accessible licensed sports brands.About U.S. Polo Assn. and USPA GlobalU.S. Polo Assn. is the official sports brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in the United States, founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,200 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. The brand sponsors major polo events around the world, including the U.S. Open Polo Championship®, held annually at NPC in The Palm Beaches, the premier polo tournament in the United States. Historic deals with ESPN in the United States, TNT and Eurosport in Europe, Star Sports in India, and BeIn Sports in the Middle East now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.U.S. Polo Assn. has recently been named one of USA Today's Most Trusted Brands and has consistently been named one of the top global sports licensors in the world alongside the NFL, PGA Tour, and Formula 1, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global growth and sport content. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world. For more information, visit uspoloassnglobal.com and follow @uspoloassn.USPA Global is a subsidiary of the United States Polo Association (USPA) and manages the multi-billion-dollar sports brand, U.S. Polo Assn. USPA Global also manages its subsidiary, Global Polo, which is the worldwide leader in polo sport content. To learn more, visit globalpolo.com or Global Polo on YouTube.For Further Information, Contact:Stacey Kovalsky - VP, Global PR & CommunicationsPhone +001.561.530.5300 - E-mail: skovalsky@uspagl.comKaela Drake - Senior PR & Communications SpecialistPhone +001.561.530.5300 - E-mail: kdrake@uspagl.comSOURCE: U.S. Polo Assn. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

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Affiliate of Pacific Avenue Capital Partners Completes Acquisition of ESE World from Amcor

June 30, 2026

PARIS, June 30, 2026 - (ACN Newswire via SeaPRwire.com) - Pacific Avenue Capital Partners ("Pacific Avenue"), a global private equity firm focused on corporate carve-outs and other complex transactions in the middle market, today announced that an affiliate of Pacific Avenue has completed the acquisition of ESE World (the "Company" or "ESE") from Amcor, one of the world's leading packaging companies.ESE is Europe's leading manufacturer of waste and recycling container systems, serving municipalities and businesses globally. The Company produces mobile waste containers, collection banks, hazardous materials containers, and public furnishing solutions from three manufacturing facilities in Germany (Neuruppin and Olpe) and France (Crissey), generating approximately €300m in revenues.Having completed the carve-out from Amcor, ESE will operate as an independent company with the focus and resources to pursue its next phase of growth. Pacific Avenue will work in close partnership with the management team to drive value through operational improvement, targeted geographic expansion, and strategic add-on acquisitions."We are thrilled to officially welcome ESE World to our portfolio. This transaction is an important milestone for Pacific Avenue as we continue to build out our European presence and is a direct reflection of our ability to partner with corporate sellers to successfully execute complex carve-outs globally. ESE is a market-leading business with a strong brand, industry-leading innovation, and a defensible market position. We look forward to partnering with the management team to write the next chapter of ESE's story."- Chris Sznewajs, Founder and Managing Partner of Pacific AvenueThe closing of ESE marks Pacific Avenue's third European transaction and the first out of Fund II and its dedicated European sidecar. The transaction was financed through a combination of equity from Fund II and its European sidecar and debt financing provided by General Atlantic.Pacific Avenue was advised by Willkie Farr & Gallagher (legal M&A), McDermott Will & Emery (legal financing), Natixis Partners (debt advisory), PwC (commercial, legal, tax, HR and structuring) and Accuracy (financial).Amcor was advised by Greenhill, a Mizuho affiliate, and Latham & Watkins.About Pacific Avenue Capital PartnersPacific Avenue Capital Partners is a global private equity firm, headquartered in Los Angeles with an office in Paris, France. The firm is focused on corporate divestitures and other complex situations in the middle market. Pacific Avenue has extensive M&A and operations experience, allowing the firm to navigate complex transactions and unlock value through operational improvement, capital investment, and accelerated growth. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive lasting and strategic change while assisting businesses in reaching their full potential. Pacific Avenue has more than $3.9 billion of Assets Under Management (AUM) as of March 31, 2026. The members of the Pacific Avenue team have closed over 120 transactions, including over 50 corporate divestitures, across a multitude of industries throughout their combined careers. For more information, please visit www.pacificavenuecapital.com.Contact:Chris Baddon424.655.2916cbaddon@pacificavenuecapital.comSOURCE: Pacific Avenue Capital Partners Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

The Rise of Chinese Caviar: Kaluga Queen Enters a New Chapter Following HKEX Listing

June 30, 2026

HONG KONG, Jun 30, 2026 - (ACN Newswire via SeaPRwire.com) - For many chefs, sommeliers and luxury hospitality professionals around the world, Kaluga Queen has become a familiar name.Served by leading international airlines, selected by Michelin-starred restaurants, and distributed across 46 countries and regions, the brand has grown from China’s Qiandao Lake into one of the most recognized names in modern caviar.Today, the company behind that journey enters a new chapter.Xunlong Technology Co., Ltd., the parent company of Kaluga Queen, officially commenced trading on the Main Board of the Hong Kong Stock Exchange under stock code 06715.HK.The company offered 16.33 million H shares at HK$75.50 per share. The stock opened at HK$103.00, representing a 36.42% increase from the offer price. Proceeds from the offering will be used to support production expansion, technology upgrades, global brand development, sales channel enhancement, research and development initiatives, digital infrastructure, and strategic growth opportunities.Beyond the financial milestone, the listing reflects a broader story: the emergence of China as a major force in the global caviar industry, and the evolution of Kaluga Queen from a producer into an internationally recognized premium food brand.From China to the World’s Finest TablesOver the past two decades, global perceptions of caviar have undergone a significant transformation.Once dominated by traditional producing regions, the industry has become increasingly global. China now plays a central role in that transformation.According to CIC, Xunlong Technology has ranked first globally in caviar sales volume for eleven consecutive years since 2015. Between 2021 and 2025, the company maintained more than 30% of global market share, reaching 36.1% in 2025.Today, Kaluga Queen products are sold across Europe, the Americas, Asia-Pacific and the Middle East, reaching customers in 46 countries and regions worldwide.International business has become the company’s primary growth engine. Overseas sales represented 76.7%, 80.1% and 83.8% of total revenue in 2023, 2024 and 2025 respectively.The brand has also established a strong presence within the global fine dining ecosystem. Kaluga Queen caviar is served by airlines including Lufthansa, Singapore Airlines, Cathay Pacific and Air China, while also being selected by Michelin-starred restaurants, luxury hotels and prestigious culinary events around the world.What began on the shores of Qiandao Lake has evolved into a brand found on some of the world’s most respected dining tables.Time, Nature and TechnologySuccess in caviar is not built overnight.Unlike most food categories, caviar production requires extraordinary patience. Depending on the species, sturgeon can take seven to fifteen years to reach maturity before producing roe suitable for caviar.This biological reality creates one of the industry’s highest barriers to entry.As of June 30, 2025, Xunlong Technology maintained approximately 14,000 metric tons of sturgeon biological assets, among the largest inventories globally.Over more than two decades, the company has invested heavily in breeding technology, aquaculture systems, quality control and long-term resource management. From overcoming challenges in artificial sturgeon propagation to developing proprietary broodstock resources and establishing eight major production bases across China, it has built a fully integrated value chain covering breeding, farming, processing, research, product development, sales and brand management. The result is not simply scale, but a production system capable of delivering consistency, quality and reliability to customers worldwide.In caviar production, time creates rarity, while technology safeguards excellence. Together, they form the foundation of Kaluga Queen’s global reputation.Bringing Caviar Beyond Fine DiningWhile Kaluga Queen’s international reputation was built through professional culinary channels, the company’s next phase of growth is increasingly consumer-focused.Globally, caviar remains strongly associated with fine dining, luxury hospitality and special occasions. Yet consumer behavior is evolving, particularly in Asia, where demand for premium food experiences continues to expand.In China, per-capita caviar consumption remains significantly below that of Europe and North America, suggesting substantial long-term growth potential. Recognizing this opportunity, Kaluga Queen has been exploring new ways to introduce caviar to a broader audience.The brand has integrated caviar into contemporary Chinese dining culture while also developing innovative consumer products under its “Caviar+” strategy, including caviar ice cream, caviar mooncakes and caviar chocolates.Beyond product innovation, Kaluga Queen is building a direct-to-consumer retail network centered around experiential spaces, lifestyle-driven retail concepts and educational tasting experiences.The company’s first dedicated caviar experience store opened in 2025, with additional locations planned in major cities.The objective is not simply to sell more caviar, but to make caviar more approachable, discoverable and culturally relevant to a new generation of consumers.The Next Chapter for Chinese CaviarFor Kaluga Queen, the HKEX listing is not an end point but the beginning of a new phase.Over the past twenty years, the company has helped establish China as one of the most important players in the global caviar industry. The next ambition is broader: to build a globally influential premium food brand rooted in Chinese craftsmanship, natural resources and long-term commitment to quality.Looking ahead, the company plans to continue investing in production capacity, technology innovation, international brand building, retail development and product diversification.More importantly, it aims to further strengthen the connection between Chinese premium ingredients and global consumers.As international interest in provenance, craftsmanship and culinary culture continues to grow, Kaluga Queen believes Chinese brands have an unprecedented opportunity to contribute to the future of global gastronomy.The story of Kaluga Queen reflects a larger transformation taking place across Chinese consumer brands — a shift from manufacturing excellence to global brand leadership.And for a company built on patience, the philosophy remains unchanged:Time creates rarity. Time creates value. And ultimately, time reveals its answer to the world. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

ACN Newswire

Tenstorrent Sets New Performance Records, Launches TT- Ascalon S, and Expands Across Japan

June 29, 2026

TOKYO, June 30, 2026 - (ACN Newswire via SeaPRwire.com) - Tenstorrent, the AI compute company led by CEO Jim Keller, today at TT-Deploy JP set new performance records across language and video, launched TT-Ascalon S RISC-V CPU IP for agentic AI, and detailed its largest deployment to date, a general-purpose, heterogenous AI build in Japan. Each rests on the same foundation: a single architecture that runs major AI workloads faster than GPUs and scales from a licensable core to a Tenstorrent Galaxy™ supercluster over standard Ethernet.That makes Tenstorrent's Networked AI architecture a different kind of solution - open, general-purpose, flexible for heterogeneous or stand alone deployments, and backed by AI experts - that can withstand the constant change in the AI industry.New industry records from language to videoContinuing to build on previous performance, Tenstorrent shared new LLM and video with lip-sync and audio benchmarks. On the latest models enterprises are deploying right now, Tenstorrent Galaxy Blackhole superclusters post:Kimi K2.6: 900 tokens/second/user, 3x faster than GPUsDeepSeek-R1-0528 671B: 400+ tokens/second/user, up from 350+ at TT-Deploy SFLTX 2.3 Fast: roughly 6-second video generation at 144 frames, 1080p, with audio and lip-sync, 4x faster than GPUsDifferent model families, one architecture, with capacity that grows near-linearly as Galaxies are added. Tenstorrent's performance enables enterprises to scale premium inference workloads efficiently.TT-Ascalon S: Tenstorrent expands the TT-Ascalon portfolio with TT-Ascalon S suited to emerging agentic AI workloadsLaunching today at TT-Deploy JP, Tenstorrent announced TT-Ascalon S, a compute-dense RISC-V CPU for agentic AI. Agentic AI leans on the CPU in a new way, gated less by raw compute than by orchestration, I/O, and latency, and TT-Ascalon S is built for it:Density: Built on the foundation of TT-Ascalon X, TT-Ascalon S is purpose built for a footprint ~50% the size, delivering ~140% performance per mm².Efficiency: A compact, power-efficient design for high-throughput execution layers.Latency: Ascalon S is tuned for the mixed, branch-heavy, tool-connected execution patterns typical of agent runtimes, helping enable more predictable execution.In addition to agentic AI, TT-Ascalon S is applicable to high-efficiency servers, networking and storage SoCs, and data-center edge deployments. As licensable RISC-V IP, it enables customers to extend the same architectural foundation into custom silicon designs.Built to drop in, or stand aloneConnecting the accelerators and the CPU alike is Tenstorrent's Networked AI. The architecture unifies compute, memory, and networking over standard Ethernet, with an open-source software stack. Tenstorrent Galaxies and superclusters stand alone or drop into an existing GPU fleet without replacing existing infrastructure. Customers can add capacity without betting on a single model, workload, or vendor; the systems keep performing as models change; and the infrastructure stays in the customer's hands. For the enterprises and nations building next-gen private AI infrastructure, that independence and flexibility is key."We built one architecture that runs everything, drops in next to whatever you already own, and scales from a licensable core to a supercluster. That's what lets a company, or a country, own its AI and adapt to the only constant in AI - change. We're excited to partner so widely in Japan with key partners like ai&, Rapidus, Preferred Networks, Socionext and Turing." said Jim Keller, CEO of Tenstorrent.Running across Japan, at national scaleAcross Japan, Tenstorrent enables cloud service providers, data centers, and private infrastructure with everything from licensable IP to large-scale supercluster deployments.Its largest deployment to date runs with ai&, Japan's vertically integrated frontier AI platform. ai& launched its heterogeneous inference platform to expand sovereign AI in Japan. Tenstorrent Galaxies and superclusters support key inference and agentic workloads, and enables customer use cases such as: chat, RAG, vision, and post training, served entirely from within the country. They've deployed more than 120 Tenstorrent Galaxy systems representing the largest scale of sovereign AI compute in the region."ai& is built on the conviction that the best inference infrastructure routes every workload to the silicon best suited to it. Tenstorrent's Galaxy superclusters have proven themselves on exactly the workloads our enterprise customers care about, and this deployment represents the largest sovereign AI compute footprint in Japan. We're excited for what the partnership unlocks," said David Bennett, CEO & co-founder at ai&That reach rests on a deep base in the country. Turing, the Tokyo-based autonomous-driving company, has demonstrated Tenstorrent Blackhole running inside an autonomous vehicle as a proof-of-concept. And through the national 2nm program with Rapidus, adopted by NEDO and led by LSTC, Tenstorrent contributes the RISC-V CPU chiplet. Tenstorrent Japan has operated in Tokyo since 2023, runs an AI data center in Osaka today, and is bringing up to 200 Japanese silicon engineers into its design teams.TT-Deploy JP brings the ecosystem on stage, with partners including ai&, Rapidus, Preferred Networks, Socionext and Turing, plus live demos from ai&, BOS and Turing.About TenstorrentTenstorrent is an AI compute company led by CEO Jim Keller - architect of Apple A4/A5, AMD Zen, and Tesla's Full Self-Driving chip. The company builds RISC-V-based AI processors and systems for developers, enterprises, and sovereign infrastructure worldwide. In addition to servers and workstations, Tenstorrent licenses its TT-Ascalon RISC-V CPU and Tensix AI cores to chip designers including Samsung and LG. Backed by Bezos Expeditions, Samsung, LG Electronics, Hyundai Motor Group, Fidelity, and others, Tenstorrent has raised over $1B+ and operates from Santa Clara, Austin, Toronto, Belgrade, Tokyo, and Bangalore. Learn more at tenstorrent.com.Media ContactJustin MauldinSalient PRachievemore@salientpr.com737.234.0936SOURCE: Tenstorrent Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

ACN Newswire

Lung Fung (2290) Achieves Record-High Annual Revenue and Net Profit

June 29, 2026

HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - Lung Fung Group Holdings Limited (2290), a leading beauty, health and pharmaceutical products retailer in Hong Kong, today announced its annual results for the year ended 31 March 2026.During the Year, driven by the continued expansion of its retail network and solid same-store sales growth, the Group’s revenue and net profit both surged to record highs. The Group’s revenue increased substantially by 33.2% year-on-year to HK$3,277.2 million. More notably, over the past four years, the Group’s revenue growth has consistently outperformed the overall Hong Kong retail market. In 2025, for instance, the Group maintained a consistent growth trajectory throughout the period, despite the overall retail market remaining in a recovery phase. In addition, the Group’s gross profit rose by 30.6% year-on-year to HK$1,015.4 million, with a gross profit margin of 31.0%. Net profit soared by 57.9% year-on-year to HK$269.1 million, while core net profit1 amounted to HK$300.9 million. The strong results fully demonstrate the robust growth momentum of the Group’s core operations and validate the effectiveness of its development strategies. To share the fruits of its operations with shareholders, the Group plans to distribute not less than 60% of distributable profits for FY2027, being the first financial year after listing, and thereafter, for shareholders.During the Year, the Group continued to expand its physical retail network, adding six retail stores and increasing its store count to 31, thereby further consolidating its market-leading position. Physical retail operations remained the Group’s primary growth engine, contributing HK$3,202.5 million in revenue, representing a substantial increase of 33.9% compared with the same period last year. In addition, the Group achieved satisfactory same-store sales performance. For the first quarter of 2026 alone, based on a comparison of the revenue from the 22 comparable stores that were in operation throughout both the first quarter of 2026 and the same period in 2025, same-store sales growth reached 14.8%, reflecting an increase in tourist arrivals, a gradual recovery in consumer sentiment, and the growth contribution from new stores opened in FY2024 and FY2025 as they gradually matured.A well-established retail network, a diversified product portfolio and a wide network of suppliers form the core pillars supporting the Group’s growth. The Group’s retail footprint, strategically distributed across Hong Kong, covers major prime locations and communities, including Central, Tsim Sha Tsui, Mong Kok and Causeway Bay, achieving broad market coverage and customer reach. Furthermore, the Group offers more than 9,000 SKUs per retail store, covering 11 major product categories, including pharmaceuticals, health supplements, skincare products, cosmetics and personal care products, comprehensively meeting customers’ needs for a “one-stop shopping” experience. During the Year, beauty products, health products and other consumer products delivered particularly outstanding performances, with revenue increasing by 37.0%, 35.6% and 40.6% year-on-year, respectively, mainly driven by the Group’s continued introduction of new SKUs and brands. Meanwhile, the Group also continued to invest resources in developing more than 40 private-label brands, effectively optimising its product mix, meeting market needs and enhancing profitability.In response to evolving consumer shopping trends, the Group has systematically enhanced its online sales capabilities, advancing its strategic objective of integrated online-offline omni-channel development. The Group has also strengthened sales through its official online store and major Chinese e-commerce platforms such as Tmall and JD.com, while proactively expanding into emerging social commerce channels such as Douyin to reach a broader customer base. At the same time, the Group will continue to optimise its online flagship store and mobile application and develop an intelligent membership system powered by big data analytics to deliver precise product recommendations and personalised marketing, thereby strengthening customer loyalty and encouraging repeat purchases.Mr Tse Siu Hoi, Executive Director, Chairman and Chief Executive Officer of Lung Fung Group, said, “The successful listing on the Main Board of the Hong Kong Stock Exchange is an important milestone in the Group’s development, marking a new phase of growth and further enhancing our capital strength. Moving forward, we will continue to enrich our product portfolio, deepening our presence across the existing 11 core categories while actively exploring new categories, and upholding our brand promise of ‘More choices and More fun’. We will also increase investment in developing private-label products and driving upgrades to our warehouse management system and point of sale systems to boost operational efficiency. In addition, we plan to open six to seven new retail stores in FY2027, with locations spanning core shopping districts and residential areas that offer strong market potential. At the same time, we plan to expand the retail space of existing stores to further drive same-store sales growth. We will adhere to our customer-centric approach, respond flexibly to market changes, and actively seize every opportunity that aligns with the Group’s long-term development vision, so as to create greater value for our shareholders and customers.” Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

ACN Newswire

AI surge sees HKTDC raise export forecast, Boost for Hong Kong exporters amid global uncertainties

June 29, 2026

HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Trade Development Council (HKTDC) has upwardly revised its 2026 export forecast to year-on-year growth of above 20%. This follows a stronger-than-expected performance since the start of the year as well as sustained momentum in the global demand for technology products. Meanwhile, the HKTDC Export Confidence Index (2Q26), released today, shows an improvement in both of its key indicators – the Current Performance Index (51.0) and the Expectation Index (52.4). Both indicators rebounding above the 50 threshold reflects improved exporter sentiment stemming from evolving US trade policies and ongoing geopolitical developments.AI-driven electronics boom supporting export growthCommenting on the export performance, HKTDC Director of Research, Bruce Pang, said: “The recent upturn has been supported by resilient regional trade amid the AI-driven technology cycle, which has been maintained despite lingering uncertainties in the Middle East. Overall, the outlook for many of Hong Kong’s major markets has improved, with the Chinese Mainland and ASEAN remaining the most promising. Sentiment towards the US market has also strengthened following the Xi-Trump meeting in mid-May and recent trade policy developments. At present, export momentum is expected to remain solid, although geopolitical developments and risks to global demand may continue to create uncertainties.”In the first five months of 2026, Hong Kong’s exports recorded a robust 36.2% year-on-year increase, an uptick underpinned by strong demand for electronics amid an accelerating global AI cycle. Electronics remained the key growth driver, accounting for more than 70% of Hong Kong’s total exports, with semiconductors and intermediate items putting in a particularly strong performance.Most notably, the proliferation of AI applications, including generative AI and enterprise digitalisation, has triggered a new wave of demand for high-performance chips, information and communications technology (ICT) equipment, and related components. This has significantly boosted Hong Kong’s re-export trade, particularly to the Chinese Mainland, ASEAN production bases and major developed markets.Growth partly price-driven amid tight supply conditionsWhile demand has remained strong, a notable portion of recent growth has been driven by price. Tight supply conditions in the semiconductor sector have led to significant increases in component prices, particularly in the case of memory chips and advanced processors.HKTDC Deputy Director of Research, Wing Chu, said: “The export value of key electronic components has risen faster than order volumes, with price increases amplifying overall growth. However, as production capacity expands and supply constraints gradually ease, semiconductor prices are expected to moderate. This may lead to some softening in export value growth over the longer-term, even as underlying demand for AI-enabled devices and infrastructure remains resilient.”From this, it is clear that Hong Kong is continuing to play a critical role as a regional trading hub, facilitating the flow of electronic parts and semi-manufactured goods across Asian supply chains and into global markets. This intermediary role has been a key factor in the city’s strong export performance and is expected to remain a key source of resilience even as component prices normalise over the medium term.Structural strengths and risksKenneth Lee, HKTDC Section Head of Special Projects & Business Advisory, said: “In addition to technology factors, steady overseas demand for consumer products has provided further support, reflecting the resilience of global consumption in recent months.”Looking ahead, several uncertainties could continue to weigh on trade performance, including:Geopolitical tensions, particularly developments in the Middle EastVolatility in global energy pricesPolicy uncertainties and rising protectionism, including evolving US trade measures and shifts among major trading partnersReferences2026 Mid-Year Export Review and Outlook: Hong Kong Export Growth Forecast Upgraded to above 20% https://research.hktdc.com/en/article/MjM2MzkxMjA0NwHKTDC Export Confidence Index 2Q26: Improved Sentiment Going into 2H https://research.hktdc.com/en/article/MjM1OTg2MDIzOQHKTDC Research website: https://research.hktdc.com/en/Photo download: https://bit.ly/4eLTSXxHKTDC Director of Research Bruce Pang (centre), Deputy Director of Research Wing Chu (left) and Section Head of Special Project & Business Advisory Kenneth Lee (right) announced the 2026 Mid-Year Trade Review and Outlook and HKTDC Export Confidence Index for the second quarter of the year at a press conference todayHKTDC Director of Research Bruce PangHKTDC Deputy Director of Research Wing ChuHKTDC Section Head of Special Project & Business Advisory Kenneth LeeMedia enquiriesPlease contact the HKTDC’s Communications and Public Affairs Department:Christy LeeTel: (852) 2584 4369Email: christy.wn.lee@hktdc.orgJane CheungTel: (852) 2584 4137Email: jane.mh.cheung@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

ACN Newswire

Solvexel Energy Technologies (SET) Launches Global Expansion Initiative and Innovative Digital Energy Management Platform

June 29, 2026

LONDON, June 29, 2026 - (ACN Newswire via SeaPRwire.com) - Solvexel Energy Technologies (SET), a trusted partner in global renewable energy development, today officially announced the expansion of its international footprint with the opening of a new branch office in London, alongside the launch of an innovative online renewable energy management cooperation model. Designed to accelerate the global low-carbon transition while generating new employment opportunities, this digital framework allows global participants to engage in international renewable energy operations via the SET digital terminal system without procurement costs, directly sharing in project operational returns.Driving Global Energy TransitionAgainst the backdrop of accelerating global demand for green energy transformation, SET continues to heavily invest in technological innovation and enhance renewable energy project development and operational management. Headquartered in Los Angeles, USA, the company specializes in wind power, hydropower, solar energy, and smart energy management systems.Through its new UK office located in London, SET aims to deepen the integration of digital energy and renewable energy industries. The company not only focuses on improving energy production efficiency but also emphasizes environmental protection and sustainable resource utilization, striving to achieve balanced economic, social, and environmental value creation.A Digitally Driven EcosystemAs a renewable energy integration service company, SET generates revenue primarily through the comprehensive development and operational management of renewable energy projects. Through the newly introduced SET digital terminal system, users can manage business orders online. Based on user management requests, the company allocates renewable energy resources across global projects, where field operators execute assigned tasks to generate operational revenue.SET's diversified business model creates long-term value through the synergy of the renewable energy industry chain, including resource integration, system-based operational support, technical services, and energy management enhancement.Participants in the SET ecosystem generate returns through structured task collaborations and platform-based service systems:Standardized Workflow: The platform utilizes a standardized system for task allocation, management, and settlements based on contribution results.Value-Based Distribution: User returns are derived from the overall value generated by renewable energy projects, including system incentives and task contribution rewards.Variable Returns: The system is fundamentally based on active collaboration and service participation rather than fixed or guaranteed income models.Rooted in Core Corporate ValuesThroughout its international development strategy, SET remains anchored by its core values: Innovation, Integrity, Responsibility, and Talent. The company adheres to transparent, standardized practices to build long-term partnerships with clients and stakeholders.Prioritizing talent as the foundation of long-term success, SET has established a comprehensive talent development system featuring professional training and cross-functional collaboration. By fostering an open, inclusive, and international workforce, the company continuously enhances its capabilities to support future business expansion and promote high-quality development across the global renewable energy industry.About Solvexel Energy Technologies (SET)Solvexel Energy Technologies (SET) is a global renewable energy integration service company committed to renewable energy research, clean energy applications, and sustainable development. By integrating advanced technologies, digital management systems, and international operational experience, SET provides efficient, secure, and reliable energy solutions for global clients.Media ContactSolvexel Energy Technologies (SET)Contact: Media teamWebsite: https://www.solvexelenergy.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

Reconova Launches Hong Kong IPO, Rare Embodied Vision AI Candidate Hits Home Stretch

June 29, 2026

HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - Embodied intelligence has become a red-hot sector in 2026. Global tech capital has flocked to bet on this track, with disclosed domestic financing volume exceeding RMB46 billion in the first half of the year, hitting an all-time high. Amid the industry boom, a clear consensus has taken shape: enterprises that have passed technical verification and built viable commercial closed loops in real-world scenarios stand out as the rarest assets.As the embodied intelligence industry undergoes differentiation, a Chinese firm with over a decade of deep cultivation in vision intelligence brings a differentiated investment option to Hong Kong’s AI stock segment. On June 29, Reconova Technologies Co., Ltd. (Reconova, stock code: 7656.HK), headquartered in Xiamen, kicked off its Hong Kong IPO. The Company plans to globally offer 28.087 million H-shares at an offer price of HK$21.66 per H-share. Huatai International, CCB International and ABCI Capital act as joint sponsors.Unique Track Positioning & Fully Validated CommercializationMost listed embodied intelligence players focus on consumer-end home scenarios and remain in the early commercialization stage. Few have secured steady B-end revenue streams. Enterprises boasting full-stack self-developed vision technologies alongside large-scale commercial deployment in industrial verticals are extremely scarce in the market. Reconova targets three high-barrier industrial sectors: civil aviation, commercial real estate and driving safety, delivering a distinct business narrative.Reconova’s differentiated development logic lies in its proven commercialization roadmap: build vertical scenario capabilities first, then develop embodied execution technologies. Founded in 2012, the Company has long centered on enterprise-grade vision AI. It independently develops vision large models, deep learning frameworks and multi-spectral imaging technologies. Built on three core technology layers — foundational technology, fusion technology and modular building block technology — the Company has rolled out a complete technology stack covering three series of vision intelligence agents: RecoSee (perception), RecoAware (cognition) and RecoThink (reasoning).More importantly, this technological system is not confined to laboratories; it has undergone large-scale deployment in high-threshold enterprise scenarios. Per Frost & Sullivan data based on 2025 revenue, Reconova ranks first in China’s enterprise vision AI product market for civil aviation with an 8.7% market share, and claims the fourth position in both commercial space and driving safety segments.While the three vertical sectors appear disparate, they share a unified underlying vision AI infrastructure. This core advantage enables Reconova to reuse technologies across scenarios and evolve from a single vertical leader into a multi-growth-driver enterprise. To date, the Company’s intelligent products have been deployed at over two-thirds of China’s major hub airports handling tens of millions of annual passengers. Its SINHON business system has landed in more than 60 large shopping malls, and its intelligent driving safety solutions serve over 500,000 freight vehicles.Sustained Scaled Revenue Growth, Star-Studded Pre-IPO ShareholdersBy evolving from pure vision AI to embodied vision intelligence and establishing mature productization and end-to-end delivery capabilities, Reconova has built a full commercial loop covering self-developed algorithms, customized hardware and scenario implementation, generating steady B-end cash flows from its three core business segments.From 2023 to 2025, the Company’s total revenue surged from RMB242.4 million to RMB443.0 million, representing a compound annual growth rate (CAGR) of 35.2%. The combined revenue contribution of intelligent commerce and intelligent driving safety jumped from 42.0% to 61.1%, greatly reducing reliance on a single vertical track. In 2025, gross margins across all three business lines improved: intelligent civil aviation rose from 51.8% to 59.2%, intelligent commerce from 29.9% to 32.0%, and intelligent driving safety from 13.3% to 16.4%.In terms of shareholder structure, Reconova’s Pre-IPO investor roster features international tech giants, state-owned industrial platforms and top-tier industrial funds, including Intel, Greenland Financial Holdings, Shanghai Hongyu Aviation Industry Fund, China Merchants Capital, CITIC Securities Investment, Shenzhen Investment Holdings Capital and SAIF. These investors bring abundant industrial resources and robust capital endorsement, and to further boost confidence among secondary market participants.Under Hong Kong Stock Exchange Listing Rules Chapter 18C for Specialist Technology Companies, Reconova stands out as a rare AI firm with scaled multi-scenario revenue streams. No listed player on Hong Kong’s bourse solely focuses on embodied vision intelligence to date, highlighting its high scarcity value. As disclosed in the Company’s post-hearing information pack, the net proceeds raised from the IPO will be mainly allocated to the R&D and commercialization of vision-language-action (VLA) models and embodied composite robots, the construction of in-house manufacturing bases and supply chains, as well as overseas market expansion. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

ACN Newswire

Doubleview Provides Hat Project Development Update as Ongoing Drilling Supports Next Mineral Resource Estimate and Pre-Feasibility Advancement

June 29, 2026

Vancouver, British Columbia--(ACN Newswire via SeaPRwire.com - June 29, 2026) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) ("Doubleview" or the "Company") is pleased to provide an update on ongoing technical and development work at its 100%-owned Hat Project in northwestern British Columbia. Following the Company's June 9, 2026 announcement reporting assay results from drill holes H102 to H108, which extended Hat mineralization approximately 150 metres east beyond the known resource envelope, Doubleview is advancing a work program designed to support continued resource growth, technical de-risking and the next phase of project evaluation.The Company's current drilling program remains focused on increasing the size and confidence of the Hat deposit in support of an updated Mineral Resource Estimate ("MRE") currently targeted for early 2027, while also generating information relevant to ongoing Pre-Feasibility Study ("PFS") planning.HighlightsOngoing drilling is focused on expanding the Hat deposit and supporting the next updated MRE targeted for early 2027.The current drill plan is under review and is being optimized to improve efficiency and better align with the Company's MRE and PFS objectives.Doubleview is nearing a final decision on the selection of a metallurgical laboratory following an extensive international review process led by the Company's metallurgical team.Baseline environmental studies have been initiated, and field equipment has been shipped for installation in the coming weeks.The Company is fully funded to carry out its currently planned work programs.Farshad Shirvani, President and CEO of Doubleview Gold Corp., commented:"The results we announced in June marked an important step forward for the Hat Project, and the ongoing drilling program is designed to build on that momentum. With mineralization now extended beyond the previously defined resource envelope, we are increasingly confident that Hat is moving toward the next stage of development. Our immediate objective is to support an updated Mineral Resource Estimate targeted for early 2027 while advancing the technical work necessary for pre-feasibility planning.""At the same time, we are progressing the parallel workstreams required to move a project of this scale forward responsibly and efficiently. These include optimizing the current drill plan, completing metallurgical program planning, initiating baseline environmental studies and maintaining the financial capacity to execute on our objectives.""We also believe the strategic relevance of Hat continues to strengthen. In a market where secure North American sources of critical minerals are becoming increasingly important, Hat's exposure to copper, cobalt and scandium in a Canadian jurisdiction positions the Project as a potentially important long-term contributor to domestic and allied supply chains."Doubleview believes that recent developments in cobalt markets and North American critical minerals policy continue to underscore the long-term strategic value of polymetallic projects located in stable jurisdictions. While Hat remains an exploration and development-stage project, management believes its combination of copper, cobalt, scandium, gold and silver provides important exposure to metals that are increasingly relevant to electrification, industrial resilience and supply chain security.The Company will provide further updates as technical planning advances and key milestones are reached.PEA Snapshot - Hat ProjectAfter-tax NPV(5%) of C$6.73 - C$7.27 billion at consensus metal pricesAfter-tax NPV(5%) of C$13.53 - C$14.85 billion at spot metal prices23% IRR at consensus prices; 32% - 39% IRR at spot prices25-year mine life based on a 120,000 tonnes-per-day processing rate609 Mt Measured & Indicated and 503 Mt Inferred mineral resourcesFirst 10 years average annual production of 74 kt copper, 254 koz gold, 376 koz silver and 2.7 kt cobaltQualified PersonErik Ostensoe, P. Geo., a consulting geologist, and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the companyAbout Doubleview Gold Corp.Doubleview Gold Corp. is mineral resource exploration and development company headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (WKN: LA1W038), and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals utilizing cutting-edge exploration techniques.Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company's strategic initiatives. Doubleview looks forward to further collaborative growth and development and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.On behalf of the Board of Directors,Farshad Shirvani, President & Chief Executive OfficerFor further information please contact:Doubleview Gold Corp Vancouver, BC Farshad Shirvani President & CEO T: (604) 678-9587 E: corporate@doubleview.caDoubleview maintains a website at www.doubleview.ca.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Forward-Looking InformationCertain of the statements made and information contained herein may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking statements in this news release include, but are not limited to, statements regarding: the interpretation of drill results; the potential extension of mineralization; the identification and significance of the far east mineralized zone; the potential incorporation of drill holes after H101 into future geological models, Mineral Resource Estimates, Preliminary Economic Assessments or other economic studies; the potential for future conversion of Mineral Resources into higher confidence categories; future drilling plans; future exploration programs; the potential economic significance of scandium, cobalt, copper, gold and silver mineralization; and the continued advancement of the Hat Project.Forward-looking statements are based on assumptions that management considers reasonable at the time they are made, including assumptions regarding geological continuity, future exploration results, metallurgical recoveries, metal prices, availability of financing, regulatory approvals, access to the property, and the Company's ability to complete future technical studies. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those projected. Such risks include, but are not limited to: risks associated with mineral exploration and development; uncertainty of geological interpretation; uncertainty of Mineral Resource estimation; volatility in metal prices; metallurgical and processing risks; permitting and environmental risks; title and access risks; financing risks; equipment availability; First Nations consultation and engagement; and other risks disclosed in the Company's public filings.Except as required by applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303228 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

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