Category: ACN Newswire

Highlights- Resilient Overall Performance: Total revenue reached HK$7,717.7 million for Fiscal 2026, maintaining business stability amid macroeconomic volatility and a polarized consumer market- Continued Robust Performance of VS China, Effective Cost Reduction and Efficiency Enhancement Initiatives: The Group’s net profit grew 53.9% to HK$283.0 million, and basic earnings per share rose to HK23.1 cents- Positive Momentum in Sports Products Segment: Sports products segment revenue rose year-on-year to HK$3,083.4 million, accounting for 40.0% of total revenue, and achieving double-digit growth excluding base effects- Commercial Breakthrough in Core Technology: Proprietary Bonding functional sportswear has officially entered the commercialization stage, expanding high value-added business opportunities while earning recognition from multiple international sports brands- Optimization of Dual-Base Supply Chain Layout: Production capacity layout in China and Vietnam has continued to improve. The relocation of the Shenzhen R&D center to Zhaoqing is largely complete, and overseas production capacity ensures stable production and delivery through operational optimization- Clear Profitability and Financial Planning: To focus on securing “Better & Best” quality orders and optimize order structure, while striving to reduce debt level- Committed to Shareholder Returns: Proposed a final dividend of HK5.3 cents per share, which together with the interim dividend of HK5.7 cents per share, brings the full-year dividend payout ratio to 47.6%HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - Regina Miracle International (Holdings) Limited (“Regina Miracle” or the “Company”, together with its subsidiaries, the “Group”) (HKEX: 2199), a leading global intimate wear company boasting an innovative design manufacturer (“IDM”) business model, has announced its annual results for the year ended 31 March 2026 (“Fiscal 2026” or the “Year").Despite macroeconomic volatility and a polarized consumer market, the Group’s revenue for Fiscal 2026 remained stable at approximately HK$7,717.7 million (Fiscal 2025: HK$7,840.0 million). Gross profit amounted to HK$1,739.0 million, representing a gross profit margin of 22.5% (Fiscal 2025: HK$1,832.6 million and 23.4%, respectively). Earnings before interest, taxes, depreciation and amortization (EBITDA) totaled approximately HK$1,143.7 million, with an EBITDA margin of 14.8% (Fiscal 2025: HK$1,057.8 million and 13.5%, respectively). The Group recorded net profit of approximately HK$283.0 million, with a net profit margin of 3.7% for the Year (Fiscal 2025: HK$183.9 million and 2.3%, respectively). Basic earnings per share attributable to owners of the Company was HK23.1 cents (Fiscal 2025: basic earnings per share of HK15.0 cents). Excluding exceptional restructuring costs, adjusted EBITDA was approximately HK$1,382.3 million, and the adjusted EBITDA margin was 17.9% (Fiscal 2025: HK$1,276.3 million and 16.3%, respectively). Adjusted net profit for the Year was approximately HK$590.3 million, with an adjusted net profit margin of 7.6% (Fiscal 2025: HK$402.4 million and 5.1%, respectively).During the Year, the Group maintained a solid financial position, with net current assets of approximately HK$1,806.8 million (Fiscal 2025: HK$1,566.6 million). As at 31 March 2026, total undrawn banking facilities amounted to approximately HK$4,153.9 million (31 March 2025: approximately HK$3,810.2 million). To share the positive results with shareholders, the Board has resolved to recommend the distribution of a final dividend of HK5.3 cents per share for Fiscal 2026 (Fiscal 2025: HK4.3 cents). Together with the interim dividend of HK5.7 cents per share, the total dividend amounts to HK11.0 cents, which is in line with the Group’s dividend policy of distributing no less than 30% of its net profit for the financial year to its shareholders.Mr.YY Hung, Chairman, Chief Executive Officer and Executive Director of Regina Miracle, said, “Over the past year, Regina Miracle has steadfastly implemented its strategy of ‘prioritizing and strengthening core segments’, primarily focusing on four key pillars, namely product innovation, a robust brand portfolio, supply chain resilience and operational efficiency enhancements, to advance its business. We have continued to innovate alongside our brand partners and are encouraged that our proprietary Bonding functional sportswear business has effectively responded to the market’s pursuit of specialized vertical scenarios and refined user experiences, successfully entering the commercialization stage. The Group has also strengthened its supply chain resilience and service capabilities for brand partners. Leveraging our synergistic dual-base layout, we have proactively addressed external challenges and strived to establish a supply chain combining stability, agility, and cost-effectiveness. Meanwhile, we have enhanced efficiency through lean management, thereby reinforcing our development foundation. These multiple measures reflect Regina Miracle’s unwavering determination to consolidate its position as a core supplier to brand partners, and its commitment to creating long-term and sustainable value for all stakeholders.”Business ReviewSustaining competitive advantage in the intimate wear segment, supported by continued strong sales of key collections from the core brand partnerAs the Group's main source of revenue, this business segment contributed approximately HK$4,198.3 million in revenue during Fiscal 2026, accounting for 54.4% of the Group's total revenue. The segment’s gross profit was approximately HK$997.1 million, with a gross profit margin of 23.8%. During the Year, business with the Group’s core brand partner delivered strong performance, particularly in the second half of the fiscal year, with the continued robust sales of the key collections driving up its revenue. The related revenue growth effectively offset the impact of order adjustments by certain international brand partners due to weak market demand and tariff policies.Sports products segment delivers solid performance, with expansion into specialized categories yielding fruitful resultsThis business segment contributed approximately HK$3,083.4 million in revenue for Fiscal 2026, representing a year-on-year increase of 5.1% and accounting for 40.0% of the Group’s total revenue. Segment gross profit was approximately HK$660.3 million, with a gross profit margin of 21.4%. During the Year, the Group targeted the development of specialized sports categories such as running and high-end outdoor sports, driving favorable growth in order revenue from major sports brand partners. Excluding the high-base effect resulting from the launch of sports product lines by a major US intimate wear brand partner last year, the segment delivered sustained double-digit growth. In particular, the Bonding functional apparel business, as the Group’s core development focus, maintained strong momentum, further contributing to the Group’s business growth.Enhancing dual-base supply chain resilience with domestic base consolidation in place and ongoing optimization of overseas capacityIn terms of production capacity layout, the relocation of the Shenzhen R&D center to Zhaoqing was largely completed, with overall operations gradually stabilizing. Corresponding asset write-offs and seniority compensation expenses will be concluded within Fiscal 2027. The Zhaoqing base will continue to uphold the “China for China” strategy, leveraging its rapid response capabilities as well as R&D and manufacturing advantages to precisely meet the agile demands of brand partners in the PRC market.For overseas production capacity, in response to the dual impact of the changing geopolitical landscape and the continuous rise in labor costs driven by the local investment boom, the Group has implemented a series of operational optimization measures during the Year. On one hand, it has reinforced workforce stability; on the other hand, it has coped with order growth by improving production efficiency and arranging compliant overtime, so as to ensure stable production and on-time delivery.During the Year, the Vietnam production base accounted for 83% of the Group's total revenue. As at 31 March 2026, the Group employed approximately 29,000 staff in Vietnam and approximately 6,000 staff in the Chinese Mainland, with the latter contributing 17% of the Group's total revenue.VS China further deepens its localized footprint, contributing steadily to the Group’s IDM business growth VS China recorded revenue of approximately HK$2,799.0 million in Fiscal 2026, representing a year-on-year increase of 42.4%. Net profit reached approximately HK$524.5 million, a year-on-year increase of 512.7%. The Group holds a 49% equity interest in VS China, and its share of net profits of associates accounted for using the equity method was HK$257.0 million for the Year. During the Year, VS China sustained robust growth momentum, primarily attributable to the continuous enhancement of brand awareness in the PRC market, as well as its long-term strategic deployment in localized merchandising and marketing initiatives. These efforts have optimized the consumer experience and solidified the brand image in the local market, delivering a steady incremental contribution to the Group’s IDM business.Focusing on High-Quality Orders to Drive Core Business Performance; Navigating Macro Uncertainties with Prudence while Enhancing Operational Efficiency to Solidify Competitive Advantages and Create Long-Term Shared ValueThe global macroeconomic and geopolitical environment is expected to remain challenging. In particular, recent fluctuations in oil prices caused by geopolitical conflicts have directly impacted energy and raw material costs across the industry’s supply chain. Additionally, the risk of exchange rate volatility arising from the anticipated appreciation of RMB will add further uncertainty to companies’ operating costs. In the apparel consumer market, demand is generally evolving toward more granular segmentation, enhanced precision, and a heightened focus on specialized experiences. Consumers are attaching increasing importance to product functionality, comfort, and quality-driven value, prompting brands to refocus on in-depth product innovation and pursue a differentiation strategy to stand out from their peers. This trend is fueling particularly strong growth in niche segments such as professional sports and outdoor apparel. As global brands place increasingly stringent demands on supply chain reliability, product innovation, and rapid response capabilities, the competitive advantages of leading supply chain enterprises that possess scalable manufacturing capacity, global presence, and robust R&D capabilities will become more pronounced. In the face of an evolving industry, Regina Miracle will continue to deepen its craftsmanship and technological innovation, optimize production capacity allocation, and actively seize opportunities arising from industry consolidation.Elevate the Bonding apparel business and steadily expand the professional sports marketLeveraging the technical expertise and development momentum gained from its proprietary Bonding craftsmanship, the Group has not only continued to fuel the growth of its foundational core businesses of intimate wear and sports bras, but also successfully extended this technical advantage into the professional sportswear segment and achieved breakthroughs. Its competitive edge has now been recognized by major brand partners, with partnerships expanding from emerging brands to various international sports brands. Looking ahead to the next three to five years, the Group will focus on the demand for affordable premium Bonding sportswear, striking a balance between order scale and operating efficiency, and further expanding the economies of scale for high value-added products. This business is expected to serve as a sustained growth engine, propelling steady enhancements in overall performance.Focus on “Better & Best” positioning, optimize production capacity structure and restore profitabilityThe Group will further strengthen the synergistic operations of its dual production bases in China and Vietnam to comprehensively enhance its operational agility and risk resilience. With regard to overseas production capacity, operations in Vietnam consistently maintain a solid level of profitability overall. As for domestic production capacity, the Zhaoqing production base will focus on expanding its business scale to effectively amortize upfront fixed costs and strengthen its profit model. Overall, the Group will allocate core capacity towards orders that align with its “Better & Best” positioning, and steadily restore and enhance overall profitability by optimizing its order structure.Prudently evaluate capital allocation and adhere to three-year debt reduction targetHaving passed the peak of capital expenditure, the Group will maintain a prudent approach when evaluating capital allocation to respond to market opportunities. During the Year, the Group repaid a portion of its bank borrowings. While balancing shareholder returns, the Group will continuously endeavor to reduce its debt level to enhance financial robustness.Actively implement decarbonization targets and pioneer a sustainable futureSince establishing the “2030 Sustainable Development Goals”, Regina Miracle has consistently integrated environmental, social and corporate governance (ESG) principles into its core operations, with a focus on the four key areas of carbon reduction, waste management, sustainable innovation, and people and community. During the year, the Group's short-term, medium-term, long-term and net-zero greenhouse gas (GHG) emission targets were officially approved and validated by the Science Based Targets initiative (SBTi), marking steady progress towards its vision of achieving net-zero emissions by 2050.Mr. Hung concluded, “Looking ahead to Fiscal 2027, while there remain numerous uncertainties in the business environment and consumer market, the Group notes that industry-wide inventory levels have improved compared with last year, and the market is gradually returning to rationality. Regina Miracle will continue to optimize the allocation of its R&D resources, leverage its integrated strengths, including innovative craftsmanship, to strengthen the development of its core businesses. Going forward, it will strategically focus its core production capacity on quality orders that align with its “Better & Best” positioning, and drive high-quality business growth by optimizing the order structure while maintaining economies of scale. Meanwhile, the Group will continue to advance automation upgrades and craftsmanship innovation to comprehensively enhance operational efficiency and steadily restore profitability, ensuring its long-term, resilient and sustainable development.” About Regina Miracle International (Holdings) Limited (HKEX: 2199)Founded in Hong Kong in 1998, Regina Miracle International (Holdings) Limited is a global leader in the intimate wear manufacturing industry. By adopting an innovative design manufacturer (“IDM”) business model and building on a diverse technology matrix with three core technologies: computer aided mold design and production, 3D compression molding, and seamless bonding, Regina Miracle is able to develop and produce market-leading products for its long-standing world-renowned brand partners which cover various key sectors comprising intimate wear (including bras, panties, shapewear), bra pads and other accessory products, sports products (including sports bras, functional sports apparel), and consumer electronics components, and facilitate cross-sector and cross-category applications. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - Organised by the Hong Kong Trade Development Council (HKTDC) with Hong Kong Air Cargo Terminals Limited (Hactl) as strategic partner, the Fashion Hong Kong promotion in Paris concluded successfully yesterday on the final day of Paris Men’s Fashion Week Spring/Summer 2027 (24–28 June). Through a series of focused activities, including a professional showroom and networking reception, the campaign showcased the dynamism of Hong Kong design to the international fashion community, while creating opportunities for local brands to expand globally and reinforcing Hong Kong’s role as an East-meets-West centre for cultural exchange.Held at Paris’s renowned fashion landmark Rue de la Paix, the showroom featured Hong Kong designer brands presenting their Spring/Summer 2027 collections, covering apparel and fashion accessories. The showcase attracted buyers, media and industry professionals from Europe and around the world, facilitating business matching and partnership discussions to help brands tap into international market opportunities. Hong Kong designer labels MARCCH and Matter Matters also unveiled pieces created in collaboration with Paris-based artist Yaz Bukey, highlighting the creative exchange between Hong Kong and French designers.The networking reception held on 27 June attracted around 200+ fashion industry professionals, buyers and media representatives, sparking vibrant conversations and providing valuable opportunities for Hong Kong designers to expand their international networks. A “Hong Kong Fashion Night dinner” held on the same day further strengthened connections with the global fashion community, laying a solid foundation for brands to expand into overseas markets.Cross-sector collaboration supporting Hong Kong brands to go globalThis promotion marked the first cross-sector collaboration between the HKTDC and Hactl. Recognised as a leader in sustainability and innovation in Hong Kong, Hactl not only provided strong backing for this creative campaign but also lent its expertise in air cargo logistics and sustainability. Together with the HKTDC’s global network, the partnership empowers Hong Kong brands to expand internationally and explore new opportunities worldwide.Amid global trends emphasising speed, connectivity and sustainability in the fashion industry, this collaboration demonstrates how Hong Kong adopts innovative approaches to integrate creativity, commerce and professional services, supporting local brands in expanding their international footprint while responding to global expectations for sustainable development. The collaboration also reflects the strong support of Hong Kong enterprises for emerging design talent, and, under the leadership of the HKTDC, helps Hong Kong design go global and capture international opportunities.Mr Chris Lo, Regional Director, Europe, Central Asia & Israel, HKTDC, said: “This collaboration reflects Hong Kong’s unique strengths in combining creativity with connectivity. By partnering with Hactl, we are not only showcasing our designers’ talent but also demonstrating how Hong Kong’s logistics excellence and sustainability leadership can support the global fashion industry in new and meaningful ways,”Mr Frosti Lau, Chief Executive of Hactl, said: “Fashion is global, fast-moving, and increasingly driven by sustainability. Our collaboration with the HKTDC at Paris Fashion Week highlights how air cargo supports the fashion industry, celebrates the innovation and creativity of Hong Kong designers, as well as promotes sustainability in both the fashion and air cargo industries. At Hactl, we drive energy efficiency, reduce emissions, and promote circular practices through zero-waste uniform upcycling and the use of eco-friendly materials across our operations.”Launched in 2015, Fashion Hong Kong is dedicated to promoting Hong Kong designers’ participation in major fashion events across cities including New York, London, Paris, Copenhagen, Tokyo, Seoul and Shanghai. Through promotions across different markets, the initiative supports local brands to connect with global buyers and industry players, expand into Chinese Mainland and overseas markets, and strengthen their international presence.Photo download: https://bit.ly/44Cl7z2The Fashion Hong Kong Paris showroom brought together Hong Kong designer brands, showcasing their Spring/Summer 2027 collections to international buyers and industry professionals, supporting local fashion brands to expand into global markets.Participating Hong Kong fashion designers included Flora Leung (first row, second from left) (Brand: MATTER MATTERS), Andrea Lau (first row, third from left) (Brand: Kinks Lab), Logan Chan (first row, fourth from left) (Brand: PabePabe), and Simpson Ma and Jovy Hon (first row, first and fourth from right) (Brand: SWEETLIMEJUICE). Harrison Wong (second row, second from left) (Brand: Harrison Wong), Louis Chow (second row, second from right) (Brand: MARCCH) and Sing Chin Lo (second row, first from right) (Brand: PLOTZ).This marked the first cross-sector collaboration between the HKTDC (left, Mr Chris Lo), and Hactl (right, Mr Frosti Lau), jointly showcasing Hong Kong design on an international stage.Introductions to the Hong Kong designer brands participating in Fashion Hong Kong:Louis ChowBrand: MARCCH(Collaboration with Yaz Bukey)SS27 Collection: “Decay”The SS27 collection “Decay” is about the abstract beauty of Intentionally ambiguous. Inspired by Patrick Thomas, the graphic artist from his “PULP series”, this particular series interact with “randomly sourced daily newsprint – the traditionally respected source of factual information – where layers were found, drawn and code-generated graphic forms in an aleatory way utilising the mechanical process of silkscreen printing”.Flora LeungBrand: Matter Matters(Collaboration with Yaz Bukey)Collection showcased: The Not-So-Creative Collection: Mixed FeelingsThe Not-So-Creative Collection: Mixed Feelings is Matter Matters' most character-driven collection to date — a series of structured leather handbags, each defined by a distinct emotional identity expressed through the brand's signature geometric hardware face.Five emotional archetypes anchor the collection: HEARTS (the hopeless romantic), COLD (deadpan, emotionally unavailable), WEALTHY (unapologetically greedy), SOLITARY (completely over it), and DECO (the art-school minimalist). Each bag carries its own advertising title — The Hopeless-Romantic Bag, The Out-Of-Office Bag, The Show-Me-The-Money Bag — written in the same dry, self-aware voice that has become the brand's hallmark.The collection is presented through an internationally-focused campaign that pairs deadpan editorial photography with witty one-liner copy, positioning each bag not as a product but as a personality. It is a collection for people who carry their feelings — just not on their sleeve.Bettie JiangBrand: Bettie Haute CoutureCollection showcased: Palette of VariationPalette of Variation, the 6th collection following Bauhaus, merges geometric style with zero-waste cutting. Inspired by kinetic construction, these fluid, sustainable pieces maximize fabric to offer functional, body-liberating fashion.Harrison WongBrand: Harrison WongSS27 Collection: Interwoven KineticsThis collection creates a profound collision between weaving craftsmanship and modern architectural lines. Centered around HARRISON WONG’s signature Modern Tailoring, soft and organic fibrous lines are deconstructed and transformed into contemporary menswear defined by geometric order and visual tension.Andrea Lau & Sam ChanBrand: Kinks LabSS27 Collection: Undefined"Claim the Spotlight, Wear Your Own Definition."In the glare of imaginary spotlights — where expectations converge and shadows of judgment sharpen — undefined emerges as an act of architectural defiance. This collection refuses external blueprints, it hands the drafting tools back to the wearer.Drawing from the precision of 3D technology and the soul of artisanal craftsmanship, each piece is conceived as a modular structural system. Beyond creative wearability and multiple styling configurations, "Undefined" introduces kinetic intelligence with movable joints integrated into the designs, allowing every element to flow and respond organically to the motion of the human body. A pendant gently shifts its geometry with your stride. Earrings dance in perfect sync with your gestures. Rings articulate with every subtle turn of the hand. The jewelry no longer sits static upon you — it moves with you, becoming an extension of your living architecture."Undefined" invites you to occupy the center on your own terms — turning spotlight pressure into radiant possibility.Logan Chan & Liu XingBrand: PabePabeCollection showcased:This season, we present Held in Gesture — a study of the hands in play.Inspired by the intimate movements of musicians and the quiet precision of instrumental details, the collection translates rhythm, tension, and sculptural form into bags designed to be held, shaped, and performed.Singchin LoBrand: PLOTZCollection showcased:Sing reimagined Hactl’s frontline uniforms through a sustainable lens, marking the first redesign in over two decades. Guided by staff insights and real-world testing, the new uniforms balance comfort, safety and performance. They incorporate recycled materials, such as fibres made from plastic bottles, alongside breathable, moisture-wicking, anti-static and reflective features, while embedding circular thinking into design, operations and future upcycling possibilities.Simpson Ma & Jovy HonBrand: SWEETLIMEJUICECollection showcased:SWEETLIMEJUICE’s SS27 collection expands Eryn and Gem-Mosaic — organic stacked silver settings and fluid, spiked bezel forms — through a nue-punk lens informed by ancestral adornment traditions. Now set with laboratory-grown sapphire and diamond, the pieces resist uniformity, carrying cultural weight through craft memory and unapologetic non-conformity.WebsitesFashion Hong Kong: www.fashionhongkong.comFashion Hong Kong Instagram: @hktdcfashionhkHKTDC Newsroom: http://mediaroom.hktdc.com/enMedia enquiriesHKTDC's Communications and Public Affairs Department:Navin LawTel: (852) 2584 4525Email: navin.cm.law@hktdc.orgAbout Fashion Hong KongFashion Hong Kong is a series of international promotional events organised by the Hong Kong Trade Development Council (HKTDC) to promote Hong Kong fashion designers and labels in the global fashion arena. Since 2015, Fashion Hong Kong has actively participated in international fashion weeks and renowned events to showcase Hong Kong's unique and diverse designs. Previous event locations include New York, London, Milan, Paris, Copenhagen, Tokyo, Seoul and Shanghai.About 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

HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - Ching Lee Holdings Limited (the “Group”, stock code: 3728.HK) announced its annual results for the twelve months ended 31 March 2026. Revenue increased by 14% year-on-year to approximately HK$1.47 billion.All operating segments recorded growth during the year. Revenue contributions included HK$1.4 million from substructure construction works, HK$1,407.6 million from superstructure construction works, HK$57.4 million from repair, maintenance, alteration and addition (“RMAA”) services, as well as HK$0.2 million from property leasing.Administrative and other operating expenses, together with finance costs, decreased by HK$10.1 million. Profit for the year amounted to HK$7.0 million. However, due to higher cost of revenue resulting in a lower operating profit margin in 2026, net profit decreased by 25.6% compared with the previous year.In response to heightened safety awareness within Hong Kong’s construction industry, the Group has increased its investment in safety resources to further enhance its safety standards. At the same time, the Group has adopted Building Information Modelling (BIM) technology to optimise construction processes, improve cost efficiency, and support overall business performance.The Group’s Chairman, Mr. Ng Choi Wah, commented, “We remain confident in Hong Kong’s economic outlook and the prospects of the construction sector. The anticipated recovery of the property market, together with the Northern Metropolis development plan, is expected to provide continued support to the growth of the local construction industry.”Media enquiries:New Smile Limited Strategic IR & PR Consultancy Tel: +852 2126 7076Jenny Lai jenny.lai@newsmilehk.comJC Ching jacey.ching@newsmilehk.comZelia Wong zelia.wong@newsmilehk.comNote to editors:Ching Lee Holdings Limited “Ching Lee” or “The Group”Ching Lee Holdings Limited, a limited liability company incorporated under the laws of the Cayman Islands, is a contractor in Hong Kong with over 28 years of experience in public and private sectors. The principal activities of Ching Lee Holdings and its subsidiaries are the provision of construction and consultancy works and project management services in Hong Kong, engaged in providing substructure building works services, superstructure building works services, and repair, maintenance, alteration and addition (RMAA) works services. Ching Lee Holdings Limited was transferred from GEM board to the main board in HKEx on September 18, 2017 with stock code 3728.hk. Company website: http://www.chingleeholdings.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Jun 29, 2026 - (ACN Newswire via SeaPRwire.com) - On June 26, CWT International Limited (00521.HK) held investor presentation in Hong Kong, attended by senior executives and industry analysts from dozens of institutions and securities firms, including Everbright Securities, Huaxia Bank, Prudential Brokerage, SBI China Capital Financial Services, Sunwah Kingsway, and Phillip Securities. Management provided in-depth briefings on the company's 2025 operating performance, AI digital transformation progress, and medium-to-long-term pathways for each business segment, presenting to the capital markets a complete picture of its high-resilience business model—built on four synergistic core businesses: commodity marketing, logistics services, financial services, and engineering services—and outlining a clear, trackable value growth blueprint.Mr. Wang Kan (center), Executive Director and Chairman; Mr. Shang Duoxu (right), Executive Director and CEO; and Ms. Yan Shen (left), Chief Financial Officer2025 Performance Steadies Upward, Earnings Quality Continues to ImproveIn 2025, amid a complex and volatile global trade and supply chain environment, CWT leveraged the coordinated strength of its four core businesses to achieve growth in both scale and profitability, with operating quality continuing to rise. Full-year revenue reached HK$46.6 billion, up 18.4% year-on-year; profit amounted to HK$371 million, a 22.0% increase year-on-year, with profit growth consistently outpacing revenue growth. The company's financial structure continued to improve, with debt ratios steadily declining and its overall operating foundation growing increasingly robust.Commodity Marketing Hits Record High, Cementing Its Role as a Growth EngineThe commodity marketing segment, serving as the core growth engine, has seen its performance surge year after year. In 2025, it generated revenue of HK$39.5 billion, up 23.1% year-on-year, and pre-tax profit of HK$130 million, up 39.4% year-on-year—both reaching record highs. Key drivers included: a 12.1% year-on-year increase in trading volume of copper and gold concentrates, benefiting from robust global smelting demand and tight concentrate market supply-demand dynamics. In addition, geographic expansion into Africa and Southeast Asia yielded positive results, with investments in logistics and ground operations improving delivery reliability, reducing costs, and enhancing supply stability. In December 2025, the company successfully completed its first energy trade, marking a major breakthrough in product portfolio diversification. Going forward, the commodity marketing segment will continue to advance diversification of its product and service mix, including energy and precious metals trading, tap opportunities in the Hainan Free Trade Port, and strengthen structured financing solutions to support client growth, secure long-term supply relationships, and enhance value creation.Logistics Services: Warehousing Steady and Resilient Amid ChallengesLeveraging its millions of square feet of certified warehousing assets and a leading Asian global less-than-container-load (LCL) network, the logistics services segment achieved revenue of HK$5.2 billion in 2025, of which freight forwarding logistics contributed HK$3.5 billion and logistics warehousing services contributed HK$1.509 billion. In 2025, the global freight forwarding market faced headwinds from the Red Sea crisis, U.S. tariff policies, and geopolitical tensions, putting pressure on the industry as a whole. In response to the challenging external environment, the company proactively pursued refined operations and regional structural optimization. In the second half of the year, it will integrate its Shenzhen and Hong Kong operations into Guangzhou, completing a Greater Bay Area business reorganization to strengthen regional synergy and operational efficiency. Through meticulous cost control and deepened engagement with core customers, the company has stabilized its business performance.Core warehousing and logistics assets performed steadily, with occupancy rates at Singapore's core warehousing assets remaining above 90%. The scarcity value of LME- and ICE-certified warehouses continued to stand out, providing stable cash flow. In January 2026, the company signed a memorandum of cooperation with SF Express Singapore, joining forces to expand cross-border e-commerce, international trade, and supply chain value-added services—unlocking new strategic space for the long-term development of the logistics segment. In the future, the logistics segment will step up development of automated warehousing, strengthen overseas network coverage, and seize opportunities from port expansion.Financial Services: Licensing Breakthrough and Further Global Footprint ExpansionIn 2025, the financial services segment generated brokerage service revenue of HK$673 million, up 7.6% year-on-year, and interest income of HK$403 million. Client margin balances grew steadily, and business operations remained on a sound trajectory. The core breakthrough came from upgraded licensing and cross-border service capabilities. In May 2026, the company's subsidiary, Straits Financial, officially obtained qualifications from the Shanghai Futures Exchange and the Guangzhou Futures Exchange to act as an overseas intermediary for futures brokerage, effectively establishing a compliant channel for overseas investors to participate in China's futures markets. This enhancement further completes the company's global, multi-category, cross-market financial services system, strengthens its cross-border derivatives service capabilities and global client service capabilities, and lays a solid compliance foundation for the medium-to-long-term incremental growth of the financial segment.Engineering Services: Steady Growth with High-Quality Client BaseWith over four decades of deep-rooted presence in the Singapore market, the engineering services segment achieved revenue of HK$799.4 million in 2025, up 23.27% year-on-year. The segment's top five clients—the Singapore Ministry of Home Affairs, the Land Transport Authority, the Ministry of Defence, Changi Airport, and the Civil Aviation Authority of Singapore—together accounted for over 91% of revenue contribution. These clients are characterized by high credit quality and strong payment capacity, underscoring the company's moat advantage in Singapore's facility management and maintenance sector. Currently, the segment is actively aligning with the Singapore government's policy direction to promote electric vehicle development, with plans to enter the electric vehicle charging facility operation and maintenance space, cultivating new growth drivers for the future.Technology Empowerment: Embracing the "AI+" EraIn parallel, CWT has established "technology empowerment, quality and efficiency enhancement" as a mid-to-long-term corporate strategic direction. The company recently set up an AI & IT Office to coordinate the development of a company-wide AI system, build an AI infrastructure reusable across businesses, and steadily roll out intelligent pilot projects across various scenarios. Data automation tools have already been deployed in the freight forwarding business, with expectations of significantly improving process efficiency. Practical applications such as smart dispatching for warehouse fleets and AI-based visual inspection for engineering operations and maintenance are also on the horizon. Looking ahead, the company plans to leverage AI to optimize trade analysis, smart warehousing, freight rate analytics, and financial risk management systems, further enhancing core competitiveness and continuously strengthening its operating fundamentals and growth certainty.Leveraging Diverse Business Segments to Anchor Incremental Growth and Reshape Long-Term ValueLooking forward, CWT will steadily deliver on its growth expectations along four major pathways: diversified expansion in commodity trading, intelligent upgrades in logistics, conversion of cross-border financial licenses, and extension into new energy within engineering. As AI technologies are pragmatically implemented across scenarios such as trade analysis, smart warehousing, freight rate analytics, and financial risk management, incremental growth across business segments will be released in an orderly manner, further enhancing the company's operational resilience and earnings visibility. Anchored by prudent operations, compliant governance, and pragmatic innovation, CWT will continue to solidify its fundamentals, outline a more definitive value-revaluation proposition to the capital markets, and remain committed to delivering sustainable medium-to-long-term returns for its investors. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Jun 26, 2026 - (ACN Newswire via SeaPRwire.com) - June 26, 2026, Everest Medicines today announced that China’s National Medical Products Administration (NMPA) accepted the Biologics License Application (BLA) for LEROCHOL(R) (lerodalcibep), a third-generation PCSK9 inhibitor, for subcutaneous use as an adjunct to diet and exercise to reduce low-density lipoprotein cholesterol (LDL-C) in adults with hypercholesterolemia, including heterozygous familial hypercholesterolemia (HeFH). The on-schedule acceptance underscores the Company's disciplined execution of its clinical and regulatory strategy, and marks another key R&D milestone for 2026.LEROCHOL(R) is a novel, third-generation small recombinant fusion protein therapeutic agent comprised of a proprotein convertase subtilisin/kexin type 9 (PCSK9)-binding domain (Adnectin) and human serum albumin (HSA) with an approximate molecular weight of 77 kDa and binds PCSK9 with picomolar affinity. The recommended dosage of LEROCHOL(R) is 300 mg administered subcutaneously once monthly. LEROCHOL(R) may be kept at room temperature up to 25°C for up to 3 months prior to use. These features make LEROCHOL(R) a unique alternative to other PCSK9 inhibitors.It is worth noting that CVD remains the leading cause of death globally and in China. Extensive studies have confirmed that LDL-C is one of the most critical and modifiable risk factors for atherosclerotic cardiovascular disease (ASCVD). It has been identified as the primary intervention target for ASCVD prevention and treatment in both domestic and international lipid management guidelines. Despite the availability of existing lipid-lowering therapies, many patients with or at risk of CVD, including those with familial hypercholesterolemia (FH), still fail to achieve updated guideline-recommended LDL-C targets, highlighting the urgent need for more innovative treatment options. Despite an estimated 400 million individuals in China with dyslipidemia, only around 14% receive lipid-lowering treatment, reflecting low penetration and significant unmet medical need.“The NMPA’s acceptance of the BLA for LEROCHOL(R) brings renewed hope to patients,” said Professor Yong Huo, the leading principal investigator, Chief Cardiology Expert from Peking University First Hospital. “Results from the Phase 3 clinical trial demonstrated that Lerodalcibep significantly reduced LDL-C with a favorable safety and tolerability profile in Chinese patients with hypercholesterolemia. Its convenient monthly, single small-dose subcutaneous regimen, and up to 3-month room temperature stability address a significant unmet need in long-term lipid management for patients at home or during travel. We hope LEROCHOL(R) will soon be available to more patients.”“The BLA acceptance by the NMPA represents a significant step toward the commercialization of LEROCHOL(R) in Greater China,” said Mr. Rogers Yongqing Luo, Chief Executive Officer of Everest Medicines. “As a potential best-in-class PCSK9 inhibitor, LEROCHOL(R) offers a novel treatment option with its robust lipid-lowering efficacy and favorable safety. It also provides extended room-temperature stability, enabling more convenient storage and travel, and supporting long-term lipid management at home. With the potential for approval in mainland China in 2027, we will continue to expand access to LEROCHOL(R) across Greater China, helping more patients benefit from this innovative therapy.”The application is based on results from multiple global clinical trials as well as Phase 3 clinical trial in China. In global clinical trials, LEROCHOL(R) demonstrated sustained LDL-C reductions of ≥60% in patients with, or at very-high or high risk of CVD and 59% in those with HeFH who have more severe LDL-C elevations. Results from the Phase 3 clinical trial of LEROCHOL(R) in China showed that LEROCHOL(R) significantly reduces LDL-C levels. Mean placebo adjusted LDL-C reductions from baseline in the co-primary end-points, were 65.9% at week 12 and 67.0% for the mean of weeks 10 and 12. Over 95% of participants on LEROCHOL(R) achieved dual Chinese lipid management guideline LDL-C targets.The U.S. Food and Drug Administration (FDA) has approved LEROCHOL(R), and it is currently under regulatory review by the European Medicines Agency (EMA).From the perspective of the Company’s overall strategic roadmap, the acceptance of the BLA for LEROCHOL(R) marks an important milestone in Everest Medicines’ continued efforts to deepen its strategic presence in the cardiovascular, kidney and metabolic (CKM) disease area. It will further enrich the Company’s innovative portfolio in the CKM field and provide a new growth driver for future commercialization. The timely acceptance of the BLA once again demonstrates the Company’s disciplined execution capabilities in advancing its established clinical and regulatory strategy. Looking ahead, Everest Medicines will continue to steadily advance the regulatory and commercialization process for LEROCHOL(R) in Greater China, with the goal of bringing this innovative treatment option to patients as early as possible and further strengthening the Company’s overall competitiveness in the CKM field. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Jun 26, 2026 - (ACN Newswire via SeaPRwire.com) - PT Merdeka Gold Resources Tbk (“Merdeka Gold Resources”, “MGR” or the “Company”; IDX: EMAS), the owner and operator of the Pani Gold Mine and a majority-owned subsidiary of PT Merdeka Copper Gold Tbk (“MDKA” or the “Group”; IDX: MDKA), has completed its secondary listing on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEX”) in the form of Hong Kong Depositary Receipts (“HDRs”) and officially commenced trading today under stock code 6228.MGR’s secondary listing on the Main Board of HKEX marks a historic milestone for the Company and represents a breakthrough for Indonesia’s capital markets on the global stage. Despite the prevailing macroeconomic uncertainties, the successful completion of this cross-border Public Offering underscores MGR’s robust business resilience and disciplined execution capabilities. By clearing the rigorous regulatory, corporate governance, and disclosure requirements of one of the world’s leading international financial centers, MGR has gained international validation that extends beyond typical emerging-market benchmarks. Meanwhile, this achievement reflects the confidence that sophisticated international investors have in high-quality Indonesian assets with solid fundamentals. As a landmark precedent, this listing is set to inspire more Indonesian enterprises with global ambitions, collectively enhancing Indonesia’s competitiveness and standing within the global financial ecosystem.The Hon Christopher HUI, GBS, JP, Secretary for Financial Services and the Treasury and Mr. Santoso KARTONO, President Commissioner of MGR (right).(From left to right)- Mr. Xinyu WANG, Commissioner of MGR- Mr. Suryadinata TANU, Director of MGR- Ms. Christina CHOI, Executive Director of the Securities and Futures Commission- Dr. Kelvin WONG, SBS, JP, Chairman of the Securities and Futures Commission- The Hon Christopher HUI, GBS, JP, Secretary for Financial Services and the Treasury- Dr. Jona Widhagdo PUTRI, Independent Commissioner of MGR- Mr. Santoso KARTONO, President Commissioner of MGR- Mr. Carlson TONG, Chairman of Hong Kong Exchanges and Clearing Limited- Mr. Julian LEE, Deputy Chairman of the HKEX Listing Committee- Ms. Bonnie Y CHAN, Chief Executive Officer of Hong Kong Exchanges and Clearing Limited- Mr. Boyke Poerbaya ABIDIN, President Director of MGR- Ms. Jessica WATTIMENA, Authorized Representative of MGR- Mr. John Mackay McCulloch WILLIAMSON, Independent Commissioner of MGR(From left to right)- Mr. Vincent LIU, CNGR Advanced Material Co., Ltd.- Mr. Xin ZHI, Provident Capital Partners- Mr. Liguo DING, Delong Iron and Steel Industry Group Co., Ltd.- Mr. Xuehua CHEN, Zhejiang Huayou Cobalt Co., Ltd.- Mr. Boyke Poerbaya ABIDIN, President Director of MGR- Mr. Santoso KARTONO, President Commissioner of MGR- Dr. Jona Widhagdo PUTRI, Independent Commissioner of MGR- Mr. John Mackay McCulloch WILLIAMSON, Independent Commissioner of MGR- Mr. Mingqing GAO, Wanguo Gold Group Limited- Ms. Jinzhu GAO, Wanguo Gold Group Limited- Mr. Shizhou YIN, JCHX Mining Management Co., Ltd.(From left to right)- The Hon Christopher HUI, GBS, JP, Secretary for Financial Services and the Treasury- Mr. Santoso KARTONO, President Commissioner of MGR- Ms. Christina CHOI, Executive Director, Corporate Finance of the Securities and Futures Commission (SFC)Mr. Santoso KARTONO, President Commissioner of MGR strikes the gong to mark the Company’s successful listing on the Main Board of HKEX.Dr. Jona Widhagdo PUTRI, Independent Commissioner of MGR delivers a speech.Mr. Boyke Poerbaya ABIDIN, President Director of MGR (right) presents a souvenir to HKEX.About PT Merdeka Gold Resources TbkPT Merdeka Gold Resources Tbk (IDX: EMAS) is an Indonesian gold mining company majority-owned by PT Merdeka Copper Gold Tbk (IDX: MDKA). The Company completed its listing on the Indonesia Stock Exchange in September 2025, as part of the Group’s efforts to optimize its capital structure and improve corporate transparency. MGR’s primary asset is the Pani Gold Mine in Gorontalo, Indonesia, one of the largest primary gold mines in Indonesia, with Mineral Resources of 7.0 million ounces of gold and an estimated mine life of approximately 15 years. Production is supported by a Heap Leach (“HL”) facility with an initial capacity of 8 million tonnes per annum. The Pani Gold Mine commenced initial mining activities in October 2025, achieved first gold production in February 2026, and completed its first gold sales in March 2026. The Company also plans to develop a Carbon-in-Leach (“CIL”) facility, targeting to commence operation in 2028 and scale up to a capacity of 22 million tonnes per annum by 2028, enabling peak production of approximately 545,000 ounces of gold per year by 2031. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Jun 26, 2026 - (ACN Newswire via SeaPRwire.com) - The IP Go-Global Business Matching Session, jointly organised by the Intellectual Property Department of the Hong Kong Special Administrative Region (HKSAR) and the Guangdong Administration for Market Regulation (Guangdong Intellectual Property Administration), co-organised by the Hong Kong Trade Development Council (HKTDC) and the Intellectual Property Office of Guangzhou Development District, and supported by the Hong Kong Economic and Trade Office in Guangdong, was held today at Science City in Guangzhou.The event arranged some 50 one-to-one business matching meetings between Guangdong enterprises and Hong Kong IP service providers. It also featured a networking luncheon and a thematic seminar which attracted more than 150 industry participants. The event is aimed at helping Chinese Mainland enterprises expand into international markets by leveraging Hong Kong as their primary launchpad and enhancing Guangdong-Hong Kong collaboration in the intellectual property field and strengthening global competitiveness.In December 2025, the HKTDC and the HKSAR Government jointly organised the 15th Business of IP Asia Forum. A dedicated “IP Go-Global Business Matching Session” was hosted during that forum. Building on the success of last year’s forum, this event serves as one of the key initiatives under the Guangdong-Hong Kong cooperation framework, further reinforcing Hong Kong’s unique role as a “super connector” and “super value-adder” in overall national development.Peter Wong, HKTDC’s Regional Director of Southern China said: “Against the backdrop of the country’s proactive promotion of expansion and its emphasis on high-quality development under the 15th Five-Year Plan, enterprises in Guangdong are actively expanding into overseas markets, driving sustained demand for internationally oriented IP services—particularly in overseas IP protection and dispute resolution. Hong Kong’s legal and intellectual property system aligns with international standards, and with its well-established professional services sector, Hong Kong is positioned to provide value-added, comprehensive support to Mainland enterprises. This enables them to effectively protect their innovations, mitigate operational risks, enhance overall competitiveness, and achieve global expansion.”David Wong, Director of Intellectual Property of the HKSAR Government said: “In the latest World Competitiveness Yearbook 2026, Hong Kong's global competitiveness has risen to second globally. Hong Kong is equipped with the unique advantages of the ‘one country, two systems’ principle, a sound common law system, an international business environment and world-class professional services, and is an ideal platform for Mainland enterprises to expand into overseas markets."The event brought together government representatives, enterprises, and IP professionals from both Guangdong and Hong Kong. Among them was a delegation of around 20 representatives nominated by associations of IP practitioners, including the Asian Patent Attorneys Association Hong Kong Group (APAA), the Hong Kong Chinese Patent Attorneys Association (HKCPAA), the Hong Kong Institute of Patent Practitioners Ltd (HIPP), the Hong Kong Institute of Trade Mark Practitioners (HKITMP), and The Law Society of Hong Kong (Intellectual Property Committee). Their participation in the event highlights Hong Kong’s strengths in international legal and professional services, and consolidates its role as a strategic platform for Mainland enterprises seeking to expand globally.Facilitating some 50 one-to-one business matching sessions between Guangdong enterprises and Hong Kong IP professionals, the event focused on aligning with practical needs, promoting direct exchanges between Guangdong’s innovation & technology, cultural and creative enterprises, and Hong Kong’s IP service providers. The initiative serves a dual purpose: to better understand the key needs of Guangdong enterprises in their global expansion efforts, and to showcase Hong Kong’s diverse IP professional services. The business matching arrangements are designed to enhance collaboration outcomes by establishing a regular exchange and matching platform, strengthening cooperation between the two places in IP protection, utilisation and services, promoting regional innovation and industrial upgrading, and fostering long-term partnerships.In addition to the business matching sessions, the thematic seminar covered key issues related to global expansion, including IP risk management, cross-border dispute resolution, global patent portfolio strategies, and international development approaches. It also introduced Hong Kong’s favourable business environment and relevant support policies, providing forward-looking and practical insights to help enterprises achieve steady growth amid a complex and evolving global landscape.The HKTDC will continue to work closely with stakeholders to promote more cross-border exchange and cooperation platforms, facilitate complementary advantages between Hong Kong and the Mainland in professional services, further strengthen Hong Kong’s position as a regional IP trading centre, and support enterprises in seizing opportunities and expanding internationally.Photo download: https://bit.ly/3R3WisLThe IP Go-Global Business Matching Business Session arranged some 50 one-to-one business matching meetings between Guangdong enterprises and Hong Kong IP service providers.The IP Go-Global Business Matching Business Session featured a networking luncheon and a thematic seminar, with the seminar covering key issues encountered by enterprises in the process of global expansion. Media enquiriesHKTDC’s Communications & Public Affairs DepartmentKaty WongTel: (852) 2584 4524Email: katy.ky.wong@hktdc.org About 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. Follow us on @hktdc and LinkedIn Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

JAKARTA, June 26, 2026 - (ACN Newswire via SeaPRwire.com) - Xi’an Jiaotong-Liverpool University (XJTLU), an international joint venture university established through a collaboration between Xi’an Jiaotong University (China) and the University of Liverpool (UK), continues to strengthen its position as a leading global higher education institution, particularly in the Indonesian market.From left: Dr Joseph Seet, Dr Foedjiawati, Professor Youmin Xi, Dr Pietro Borsano, Huajie Gui, and Ivonne AdyIndonesia has emerged as XJTLU’s largest international market, with approximately 700 Indonesian students currently enrolled. For the upcoming September intake, undergraduate applications from Indonesia have reached over 1,500, accounting for around 38% of total international applications.“Currently, XJTLU has faculty members from more than 60 different countries and regions around the world. Our students also come from nearly 100 different countries and regions, creating a campus environment where they are well accustomed to a diverse, multicultural atmosphere, ”said Professor Youmin Xi, Executive President of XJTLU, at a Media Discussion held at DoubleTree Hotel Kemayoran, Jakarta, on Wednesday, 24 June 2026.Professor Xi added, “Our educational model focuses on how we can help students grow with agile thinking and a strong sense of wisdom. They are encouraged to develop a wide range of skills and to collaborate in advancing knowledge. We also support them in cultivating wisdom—the ability to think deeply and act wisely—by integrating knowledge from both Western and Eastern perspectives.”Currently, XJTLU offers more than 100 degree programmes across disciplines, including science, engineering, business, finance, architecture, urban planning, languages, and culture. All programmes are delivered in English, except for general and foundational courses. Undergraduate students graduate with two degrees: an XJTLU degree recognised by China’s Ministry of Education and a globally recognised degree from the University of Liverpool. Postgraduate students are awarded degrees from the University of Liverpool, which is also recognised by the Ministry of Education. All academic departments at XJTLU also offer PhD programmes, supporting the University’s vision to become a research-led international university in China with a distinctive global reputation.Meanwhile, an alumni representative, Tuty Julfa shared her experience studying at XJTLU, saying, “I feel very fortunate to have studied at XJTLU, primarily because it not only strengthened my hard skills but also developed the soft skills essential for my career growth. It’s not just about academics, but also about interpersonal skills and how we cultivate perseverance and resilience. These may seem like simple things, but they play a crucial role in shaping who I am today,” explained Tuty, who is now running a business in the fashion retail sector.As part of its international expansion strategy, XJTLU established its official representative office in Indonesia in 2024. This presence has played a key role in strengthening relationships with prospective students, academic partners, and other stakeholders. In June this year, XJTLU further expanded its recruitment team in Indonesia to enhance services and outreach.XJTLU has also built partnerships with leading educational institutions in Indonesia, including Binus University, Universitas Indonesia, Institut Teknologi Bandung, and Petra Christian University Surabaya. In addition, collaborations extend to education agencies as well as local and international schools.With strong growth momentum in Indonesia, XJTLU continues to reinforce its role as a global gateway for young talents seeking world-class education and international career opportunities.“This year marks the 20th anniversary of our university. The future world requires new pillars—individuals who are able to work alongside AI. From the first year, our students are introduced to what AI is, how to use it, and the ethics surrounding it. In the second year, they begin learning how to apply AI appropriately in subjects such as Mathematics, Engineering, and the Social Sciences. By the third year, they are supported by AI in conducting research to deepen their understanding. We use AI to support education—upgrading, restructuring, and reshaping it. However, we do not aim to use AI to replace education. As long as humanity exists, education will endure. Our philosophy is ‘X plus AI,’ not ‘AI plus X.’ AI is not only about learning, but also about building resilience for the future,” Professor Xi concluded.About Xi’an Jiaotong-Liverpool University (XJTLU)Xi’an Jiaotong-Liverpool University (XJTLU) is an international joint venture university founded by Xi’an Jiaotong University in China and the University of Liverpool in the United Kingdom. It combines the strengths of both prestigious parent institutions and is the largest of its kind approved by China’s Ministry of Education.Located in Suzhou, China, XJTLU offers a beautiful campus environment that blends rich cultural heritage with rapid economic development. Suzhou is one of China’s most advanced cities. XJTLU’s strategic location in the Suzhou Dushu Lake Science and Education Innovation District, within the Suzhou Industrial Park (SIP), provides exceptional access to business networks and industry collaboration opportunities.For more information about XJTLU, please visit: https://www.xjtlu.edu.cn/enFor media inquiries, please contactVionna Fiducia ThejaInternational Media and Communication TeamXi'an Jiaotong-Liverpool UniversityEmail: vionna.theja@xjtlu.edu.cnRahma AnanditaPR & Media ConsultantThe Union CommunicationsTel: 0815 8593 5835Email: dita@theunion.co.id Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

SAN DIEGO, June 25, 2026 - (ACN Newswire via SeaPRwire.com) - General Atomics Aeronautical Systems, Inc. (GA-ASI) is working to adapt its Block 30 Ground Control Stations (GCS) to fly the company's newer model MQ-9B SkyGuardian® and SeaGuardian® Remotely Piloted Aircraft. When these upgrades are complete, they will enable current users of the Block 30 system, originally designed to fly the MQ-9A Reaper®, to keep that equipment and use it to operate the more capable aircraft.Current users include the U.S. Air Force, U.S. Marine Corps, the Italian Air Force, the French Air Force, the United Arab Emirates Armed Forces, the Spanish Air Force, and the Royal Netherlands Air Force.GA-ASI developed the MQ-9B through its own internal research and development. The upgraded new aircraft required a new and more powerful GCS. The ongoing work with the Block 30 GCS now means that prospective users with existing stocks of equipment wouldn't need to buy new ground control equipment to operate the MQ-9B aircraft they acquired."We want to do all we can to deliver to most capable model of our aircraft to our customers, and that's MQ-9B," said GA-ASI President David R. Alexander. "We also know that by investing our own Internal Research & Development dollars, we can deliver MQ-9B at a lower acquisition cost by adapting the GCS for our current customers."Company efforts to upgrade the Block 30 focus on its datalink capability for MQ-9B operation. This includes the installation of a new datalink rack, the GA Interface Multiplexor Encryptor, which is the heart of the MQ-9B communications and telemetry system. In addition to the hardware modifications, the software will also be tailored to interface with the unique capabilities on the MQ-9B.Once the modifications are made to Block 30, the GCS will be able to fly both the MQ-9A and the MQ-9B aircraft and will be easily switchable from one to the other.GA-ASI expects to begin flight testing the expanded Block 30 by the end of this year.About GA-ASIGeneral Atomics Aeronautical Systems, Inc., is the world's foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 9 million flight hours, the Predator® line of UAS has flown for over 30 years and includes MQ-9A Reaper®, MQ-1C Gray Eagle®, MQ-20 Avenger®, and MQ-9B SkyGuardian®/SeaGuardian®. The company is dedicated to providing long-endurance, multi-mission solutions that deliver persistent situational awareness and rapid strike.For more information, visit www.ga-asi.com.Avenger, EagleEye, Gray Eagle, Lynx, Predator, Reaper, SeaGuardian, and SkyGuardian are trademarks of General Atomics Aeronautical Systems, Inc., registered in the United States and/or other countries.GA-ASI Media RelationsGeneral Atomics Aeronautical Systems, Inc.ASI-MediaRelations@ga-asi.com(858) 524-8101SOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

LOS ANGELES, CA, June 25, 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 the appointments of Jonathan Sinnott to the Investment Committee, the establishment of a dedicated artificial intelligence team led by Al Rahrooh and supported by Ahsan Hashmi and Alejandro Urrea, and the addition of Tyler Woodhouse, Adolfo Guerra, and Francisco Lima across portfolio operations and compliance, along with a new investment team member, Saiesha Sharma, as an associate."We remain committed to building the best private equity firm to work at in Los Angeles. Jonathan's appointment to the Investment Committee is a well-deserved recognition of his contributions and I look forward to his continued impact in this expanded role. Additionally, the establishment of our dedicated AI team is a critical initiative for the firm, and one we believe will create a meaningful competitive advantage for both Pacific Avenue and our portfolio companies. I am also thrilled to welcome Al, Tyler, Adolfo, Francisco, and our newest investment associate to the team, each of whom brings exceptional experience that will strengthen our ability to execute and create value across our portfolio."-Chris Sznewajs, Founder and Managing Partner of Pacific Avenue Capital PartnersPacific Avenue is pleased to announce the appointment of Jonathan Sinnott to the Investment Committee. Mr. Sinnott joined Pacific Avenue in 2018 and has since been promoted to Managing Director. During his tenure at Pacific Avenue, Mr. Sinnott has focused his efforts on transaction sourcing, execution, due diligence, and portfolio operations. His appointment to the Investment Committee reflects both his past contributions to the firm and his growing leadership role across the platform. Prior to joining Pacific Avenue, Mr. Sinnott was part of the Special Situations group of Oaktree Capital Management and the Financial Sponsors group at Credit Suisse. Mr. Sinnott received his M.B.A. from the UCLA Anderson School of Management and graduated with a B.A. from the University of Pennsylvania.The establishment of a dedicated artificial intelligence team has been a key initiative for the firm and will play an integral part in Pacific Avenue's strategy for driving value creation across our investment platform. The team is led by Al Rahrooh, Principal and Head of Artificial Intelligence. Prior to Pacific, Mr. Rahrooh served as Chief Technology Officer across multiple venture-backed organizations and co-founded LeNgineer, an R&D company that secured NASA SBIR funding to develop AI solutions for the Space Launch System. Mr. Rahrooh graduated with a B.S. in Biomedical Sciences from the University of Central Florida and is currently a Ph.D. candidate in Medical Informatics at UCLA. He is joined by two Associate Software Engineers, Ahsan Hashmi and Alejandro Urrea.Ahsan Hashmi joins the firm as an Associate Software Engineer. Prior to joining Pacific, Mr. Hashmi worked at NASA and across multiple organizations focused on data engineering and cloud-based AI solutions. Mr. Hashmi graduated with a B.S. from the University of Central Florida and holds an M.S. in Informatics from the University at Buffalo.Alejandro Urrea joins the firm as an Associate Software Engineer. Prior to joining Pacific, Mr. Urrea led AI and software engineering engagements across multiple organizations, designing and deploying production-grade AI systems. Mr. Urrea graduated with a B.S. in Computer Science from the University of Central Florida.The team is focused on two fronts: advancing the firm's own internal investment and operational processes and deploying AI-driven solutions directly within Pacific Avenue's portfolio companies. Pacific Avenue believes this initiative represents a significant opportunity to enhance value across its portfolio.Pacific Avenue further expanded its team with the addition of new professionals across portfolio operations and compliance. Tyler Woodhouse joins the firm as Principal of Portfolio Operations. Prior to joining Pacific, Mr. Woodhouse was a Director on the Portfolio Operations team at Atlas Holdings and previously served on Alvarez & Marsal's Private Equity Services team. Mr. Woodhouse earned an MBA from the Massachusetts Institute of Technology and a Bachelor of Science from the United States Military Academy at West Point.Adolfo Guerra joins the firm as Vice President of Portfolio Operations. Prior to joining Pacific, Mr. Guerra was an Engagement Manager at L.E.K. Consulting. Mr. Guerra graduated with a degree in Industrial Engineering from UFMG in Brazil and holds an MBA from INSEAD.Francisco Lima joins the firm as Compliance Manager. Prior to joining Pacific, Mr. Lima served as a Compliance Associate at Clearlake Capital Group, L.P. Mr. Lima graduated with a B.S. in Management and Business Economics with a minor in Political Science from the University of California, Merced.Finally, Pacific Avenue welcomed Saiesha Sharma to the Investment Team as an Associate. Prior to joining Pacific, Ms. Sharma was a Private Equity Analyst at CC Industries. Ms. Sharma graduated with a B.S. in Finance and a minor in Computer Science from Indiana University.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.PACP Ops Mgmt Co, LLC ("PACP Ops") is a Pacific Avenue-exclusive consulting firm that is wholly-owned by Pacific Avenue Capital Partners, LLC and affiliated with Pacific Avenue Capital Partners Management Company LLC. PACP Ops assists Pacific Avenue in areas of due diligence and in portfolio company operations and other initiatives. PACP Ops (and indirectly its employees) receives fees from Pacific Avenue portfolio companies, which do not reduce or otherwise offset the management fee paid by funds managed by Pacific Avenue. Employees joining PACP Ops include Al Rahrooh, Alejandro Urrea, Ahsan Hashmi, Tyler Woodhouse, and Adolfo Guerra.Chris BaddonManaging Directorcbaddon@pacificavenuecapital.comSOURCE: Pacific Avenue Capital Partners Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Jun 25, 2026 - (ACN Newswire via SeaPRwire.com) - The ninth edition of Start-up Express, organised by the Hong Kong Trade Development Council (HKTDC), successfully concluded its Final Pitching Day today, with 10 winning start-ups emerging from the competition. The winning start-ups span sectors including smart city solutions, green tech and health tech, reflecting growing momentum among Hong Kong start-ups in translating innovative technologies into practical applications. The ESG Award was presented to BioZein Technology Corporation Limited in recognition of its outstanding commitment to sustainability and social impact, while Homing Therapeutics Limited received the My Favourite Start-up Award. The 10 winning start-ups will next participate in a series of local and overseas business events organised by the HKTDC which provides opportunities to build capability and connections, explore markets, seek business and funding partners, and enhance brand awareness.The HKTDC has long been committed to fostering the growth of start-ups by actively providing platforms that help them raise market visibility and expand into Chinese Mainland and international markets, to further promote Hong Kong’s strengths as an international innovation and technology hub. HKTDC Assistant Executive Director Anna Cheung said: “When we launched Start-up Express in 2018, we had one simple goal: to help Hong Kong start-ups grow and flourish. Since then, we have supported 80 start-ups in building capacity, enhancing their visibility, making connections, finding new partners and investors and seizing opportunities and markets previously out of their reach. We champion Hong Kong’s brightest startups by connecting them to the world to scale and succeed. Proudly, we stand with our winners every step of the way, unlocking partnerships, investment, and the power to build a global brand.”Ten winning start-ups were selected, with the majority operating in the fields of smart city solutions, alongside a number of ventures specialising in green tech, health tech and med tech, highlighting the increasing diversity of innovation and technology solutions and their growing adoption across a wide range of industries and everyday applications. This year’s Start-up Express Final Pitching Day attracted more than 200 industry participants, including investors and business leaders. Booths were also set up during the event to enable the Start-up Express finalists to showcase their businesses to all attendees and participants, fostering networking and collaboration opportunities.The 20 Start-up Express finalists took to the stage today to present their innovative business ideas and answer questions raised by the judging panel. Following the selection process, the 10 start-ups were announced as winners: Alpha AI Technology Limited, BioZein Technology Corporation Limited, GABES Limited, Hay-koze Limited, Homing Therapeutics Limited, Muuse Limited, O-Spheres Limited, PetWell HK Limited, PregnaSense Co. Limited and Pyramid AI Limited. The HKTDC will arrange a series of exposure opportunities for the winning teams to interact with potential investors, buyers and partners, helping them expand their business networks and capture opportunities in both local and global markets.Judges commend start-ups for embracing emerging technology trendsOne of the judges, Jimmy Tao, Chairman of the Hong Kong Startup Council, said: “The quality of participating start-ups continues to improve year after year. Many of this year’s finalists have successfully integrated artificial intelligence and other innovative technologies into practical applications, demonstrating strong commercial potential. Hong Kong’s start-up ecosystem has continued to flourish in recent years, with the number of start-ups reaching a record high. Last year, the total increased 11% year-on-year to 5,221, reflecting the city’s growing appeal to global entrepreneurs and reinforcing its position as an ideal destination for business and investment. Through the Start-up Express platform, this year’s winners will be well placed to expand into new markets while gaining valuable opportunities to build networks and accelerate growth.”Start-up Express helps start-ups expand markets and commercialise innovationTaranjit Singh, Chief Technology Officer of Entoptica, one of the 10 winning start-ups of Start-up Express 2025 and the world’s first start-up to apply quantum technology to vision science, said: “Start-up Express provided valuable opportunities to connect with investors and industry mentors, helping us secure funding to advance clinical trials and expand production capacity. Participation in HKTDC events has also enabled us to broaden our network within the ophthalmic healthcare sector.” He added that participation in CES 2026 in the United States in January this year, a participation led by the HKTDC, enabled the company to establish connections with potential partners, manufacturers and investors from Shanghai, Japan and the United States. The company also successfully sold two prototype products at US$100,000 each, achieving pricing and overall results that exceeded its expectations.Start-up Express International supports overseas start-ups to establish a presence in Hong KongIn addition to promoting local innovation and technology ventures, the HKTDC is committed to strengthening exchanges between Hong Kong and overseas start-up ecosystems, further reinforcing Hong Kong’s competitive edge as a leading innovation and technology hub in Asia. Since the launch of Start-up Express International in 2022, the competition has attracted start-ups from around the world over four editions, including participants from Chinese Mainland, Australia, France, Germany, the United Kingdom, Italy, Singapore, Thailand, Vietnam, the United Arab Emirates and the United States. The fifth edition of Start-up Express International will be held during Entrepreneur Day in December this year, providing winning overseas start-ups with support to establish a presence in Hong Kong and leverage the city as a gateway to explore opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area and international markets.Start-up Express: https://portal.hktdc.com/startupexpress/en/The 20 finalists: https://portal.hktdc.com/startupexpress/en/s/Top-20Photo download: https://bit.ly/4wu3EFdThe 10 winners of Start-up Express. Representatives of the winning teams took a group photo with judges and guests. Back row (from third left), from left to right: Monica Hong, Associate of Betatron Venture Group; Alan Cheung, Founder & Managing Director of Grandion Group; HKTDC Assistant Executive Director Anna Cheung; Jimmy Tao, Chairman of Hong Kong Startup Council; Winnie Leung, Founding General Partner of Transcend Capital Partners and Conrad Tsang, Founder and Chairman of Strategic Year Holdings LimitedThe Start-up Express Final Pitching Day featured a student innovation showcase, where primary and secondary school students presented their award-winning innovation and technology projectsMore than 200 industry professionals attended the Start-up Express Final Pitching Day, providing opportunities for start-ups to exchange ideas and connect with investors and business leadersBooths alongside the event, where shortlisted start-ups introduced their businesses and innovative solutions to participants HKTDC Media Room: https://mediaroom.hktdc.com/enMedia enquiriesHKTDC’s Communications & Public Affairs DepartmentNoah QiuTel: (852) 2584 4575Email: noah.yl.qiu@hktdc.orgJohnny TsuiTel: (852) 2584 4395Email: johnny.cy.tsui@hktdc.orgClayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@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

HONG KONG, Jun 25, 2026 - (ACN Newswire via SeaPRwire.com) - AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) today announced its results for the three months ended 31st May 2026 (“1QFY2026/27” or the “Reporting Period”).During the Reporting Period, the Group’s revenue increased 7.7% to HK$476.2 million, compared with HK$442.2 million in the first quarter of the previous year (“1QFY2025/26” or the “Previous Period”). Interest income rose 9.1% to HK$407.0 million, while interest expenses decreased 12.8% to HK$27.0 million as the average funding cost improved to 3.2% from 3.8% in the Previous Period, reflecting the Group’s effective funding strategy and diversified borrowing portfolio. Net interest income grew 11.1% to HK$380.0 million.Operating profit before impairment losses and impairment allowances rose 11.4% to HK$255.9 million, with the operating expense-to-operating income ratio improving to 43.3% from 44.6% in the Previous Period. Achieving an improvement in impairment losses and allowances of HK$4.6 million to HK$99.6 million in the Reporting Period, the Group’s profit after tax increased by 24.4% to HK$136.0 million (1QFY2025/26: HK$109.3 million), with earnings per share increasing to 32.47 HK cents for the Reporting Period (1QFY2025/26: 26.11 HK cents).Amidst an improving yet still challenging market environment, the Group refined its credit assessment scoring mechanism and made timely adjustments to credit exposure across selected business segments, enabling more granular risk differentiation and enhanced risk detection to strengthen the overall soundness of its credit portfolio. To address the needs of specific consumer groups, the Group also pursued product innovation, including the launch of renovation loans and personal loans for property owners in May 2026, further diversifying its customer base and reinforcing its competitive position in the personal loan market. Supported by targeted marketing initiatives focusing on overseas travel and domestic consumption, together with effective telemarketing and credit card promotional campaigns, the Group’s overall sales recorded steady growth of approximately 12.9% over the Previous Period. The gross advances and receivables balance remained at a similar level as at 28th February 2026, while asset quality continued to improve, with the percentage of doubtful (stage 2) and loss (stage 3) receivables to gross advances and receivables decreasing to 3.7% as at 31st May 2026 from 3.9% as at 28th February 2026.Looking ahead, the Group’s strategic focus for the remainder of 2026 will be on accelerating digital transformation and deepening ecosystem synergies to drive sustainable growth. A key driver will be the integration of artificial intelligence (AI) and advanced data analytics across all business functions to enhance customer experience, data-driven credit assessment, risk management and compliance. The Group aims to reduce electronic Know-Your-Customer (eKYC) processing times and streamline application and approval processes to deliver a smoother and more personalised customer journey, while embedding digital communication tools such as WhatsApp across various customer interfaces to improve engagement effectiveness and efficiency.The full implementation of a unified bonus point program is a central pillar of the Group’s growth plan. By integrating the loyalty rewards of participating merchant partners under a common platform, the Group aims to deepen customer engagement and enhance cross-selling opportunities across its business segments. AEON Stores (Hong Kong) Co., Limited is expected to become the first merchant partner to join the program, further strengthening the overall value proposition of the AEON Ecosystem and creating a more seamless and self-reinforcing “AEON EcoZone” for customers.The Group remains committed to incorporating sustainability into its decision-making, risk management and day-to-day business practices. This is recognized in the recent “Best Sustainability-Linked Loan – Non-Bank Financial Institution in Hong Kong” award received at “The Asset Triple A Sustainable Finance Awards 2026” for its HK$300 million syndicated sustainability-linked loan, as well as its inclusion in the S&P Global Sustainability Yearbook (China Edition) 2026, reflecting the Group’s capabilities in green finance and sustainable development.Mr. Wei Aiguo, Managing Director of AEON Credit, said, “We are pleased to deliver another quarter of strong profit growth, underpinned by improving operating efficiency, a lower funding cost and disciplined credit risk management. Moving forward in a dynamic macroeconomic environment, we will be focused on accelerating our digital transformation and deepening the synergies within the AEON Ecosystem. With our strong liquidity, robust balance sheet and proven management capabilities, we are confident in maintaining our growth trajectory and delivering long-term value to our stakeholders.”About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987, registered as a Hong Kong limited company in 1990, and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the finance business, which includes credit card issuance, personal loan financing, card payment processing services and insurance intermediary business in Hong Kong, and microfinance business in the Chinese Mainland.For more information, please visit the company’s website at www.aeon.com.hk. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Jun 25, 2026 - (ACN Newswire via SeaPRwire.com) - Hong Kong’s merchandise exports rose by 40.8% year-on-year to HK$611.2 billion in May, according to data released today by the Census and Statistics Department. For the first five months of 2026, total exports of goods reached HK$2,776.6 billion, representing robust growth of 36.2% compared with the same period last year.“Hong Kong’s export performance continues to be underpinned by robust electronics demand, fueled by the ongoing surge in artificial intelligence (AI) adoption worldwide,” said Bruce Pang, Director of Research at the Hong Kong Trade Development Council.Market sentiment improved somewhat following the Xi-Trump meeting in Beijing in mid-May, though concerns over the Middle East conflict lingered. Looking ahead, the tentative easing of tensions after the US–Iran MoU signed in mid-June - despite potential volatility - together with softer oil prices, is expected to positively impact business prospects.“Overall, Hong Kong’s trade outlook will continue to hinge on several factors, including the technology upcycle, geopolitical developments, energy prices and global end-market demand,” Mr Pang added.HKTDC Research will unveil its latest export forecast at a press conference on Monday, 29 June.HKTDC Media Room: https://mediaroom.hktdc.com/enMedia enquiriesPlease contact the HKTDC’s Communications & Public Affairs Department:Jane 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

JAKARTA, June 25, 2026 - (ACN Newswire via SeaPRwire.com) - Beijing ICETECH Science and Technology Co., Ltd. (“ICETECH”) and PT Inovasi Anak Indonesia (“PARKEE”), a subsidiary of CentrePark Group, signed a Memorandum of Understanding (“MOU”) on June 17, 2026, at Treasury Tower in South Jakarta. The MOU establishes a strategic collaboration framework to accelerate the digital transformation of Indonesia’s parking infrastructure, combining ICETECH’s proven AI vision and smart parking solutions with PARKEE’s extensive local operating network.The MOU was signed by Cui Kai, CEO of ICETECH, and Wilson Sumanang, CTO of PARKEE. CentrePark Group CEO Charles Richard Oentomo, CFO Chris Haryadi, and other representatives attended the signing.Under the MOU, ICETECH and PARKEE will collaborate on the deployment of smart parking technologies across Indonesia, focusing on intelligent hardware integration, digitalization of parking operations, and adaptation to local market requirements. The parties intend to jointly develop pilot projects that align technology deployment with local operating scenarios, and will evaluate potential business models for broader commercial rollout and long-term collaboration. Indonesia’s smart parking market is projected to grow at a compound annual rate of 16.45% through 2028, providing a strong backdrop for the collaboration.About ICETECHFounded in Beijing, ICETECH is a smart parking and urban mobility technology company with 14 years of experience and the leading market share in China’s static traffic sector. Its AI vision hardware and cloud-based platform serve more than 20,000 parking facilities and over 140 million registered vehicles, with products shipped to more than 80 countries and regions. ICETECH is recognized as a National “Little Giant” enterprise and counts Intel Capital among its strategic investors, and is expanding internationally across Southeast Asia, the Middle East, Europe, and Latin America.About PARKEE / CentrePark GroupPARKEE is the digital parking operating system and technology platform of CentrePark Group, one of Indonesia’s leading smart mobility and parking solution providers, managing more than 750 project sites across over 60 cities. Founded in Jakarta in 2009, the group’s ecosystem is now delivering beyond traditional parking operator services, including integrated parking solutions as well as value added services nationwide.Company: Beijing ICETECH Science and Technology Co., Ltd.Contact Person: YE LINEmail: rainie.ye@icetech-china.com Website: https://icetechglobal.com/ Telephone: +86 13714120690City: Beijing Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

HONG KONG, Jun 24, 2026 - (ACN Newswire via SeaPRwire.com) - Everest Medicines (HKEX 1952.HK) announced that Everest Medicines and Hainan Herui have entered into a commercialization collaboration relating to Hainan Herui's budesonide enteric capsules, which were approved by the National Medical Products Administration (NMPA) in December 2025.Pursuant to this collaboration, Hainan Herui’s budesonide enteric capsules will be permitted to be launched in the Chinese mainland market, with Everest Medicines responsible for their commercialization. Everest Medicines will provide rigorous technical guidance and quality audits over Hainan Herui’s manufacturing and supply processes. This collaboration is expected to enhance patient access to the combined franchise of NEFECON(R) and Hainan Herui’s budesonide enteric capsules. This collaboration is subject to the satisfaction of customary closing conditions.As the world’s first approved etiological treatment for IgA nephropathy (IgAN), NEFECON(R) targets the Peyer’s patches in the terminal ileum to address the root cause of the disease, providing patients with an innovative therapeutic solution distinct from traditional supportive care.In recent years, with the continuous accumulation of global and Chinese real-world studies, the clinical value of NEFECON(R) across multiple critical dimensions, including etiological treatment, early intervention, long-term treatment, management across different chronic kidney disease (CKD) stages, and refractory IgAN, has been validated. At the 63rd European Renal Association (ERA) Congress, Everest Medicines presented 23 abstracts, including 21 real-world studies conducted in China. These findings further validate the efficacy and safety of NEFECON(R) in clinical practice, providing patients with more robust evidence-based support.Market data shows that China currently has approximately 5 million IgAN patients, with more than 120,000 new cases diagnosed annually. Furthermore, Chinese IgAN patients experience rapid disease progression and poor prognosis, representing a massive unmet clinical need. Against the backdrop of a large IgAN patient base and rising demand for long-term disease management, improving access to early etiological treatment and expanding the coverage of standardized treatment have become pivotal pathways to driving overall patient benefits. Accordingly, this commercialization collaboration between Everest Medicines and Hainan Herui leverages Everest Medicines’ established commercialization system and quality management capabilities. It will enhance the accessibility of relevant products in the Chinese market and is expected to further accelerate the clinical landing of standardized treatments, ultimately benefiting a broader population of IgAN patients. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com