China State Construction Harnesses AI Technology Across the Construction Industry Chain to Build Differentiated Competitive Advantages ACN Newswire

China State Construction Harnesses AI Technology Across the Construction Industry Chain to Build Differentiated Competitive Advantages

HONG KONG, August 26, 2026 - (ACN Newswire via SeaPRwire.com) - China State Construction International Holdings Limited (“China State Construction International” or the “Group”, stock code: 03311) has consistently pursued a differentiated competitive strategy powered by technology. By positioning cutting-edge technologies such as AI as core differentiators that set it apart from industry peers, the Group continues to increase investment in two frontier technology areas: Modular Integrated Construction (“MiC”) and Building Integrated Photovoltaics (“BIPV”). Through technological innovation, the Group is driving its own development and the wider industry’s transformation towards green, industrialised, intelligent and internationalised growth, while building new momentum for long-term development.MiC Smart Construction: AI-Driven End-to-End Process Upgrades and Steady Expansion into Overseas MarketsIn the field of MiC, leveraging the intelligent construction-MiC “assembly and integration” technology independently developed by its subsidiary China State Construction Hailong, the Group has adopted the C-SMART Smart Construction Platform to deeply integrate AI into its production processes. Among its innovations, the HyPA intelligent hoisting robot, jointly developed by China State Construction Hailong, The University of Hong Kong and The Hong Kong Polytechnic University, represents an industry-leading technology. Data from multiple projects show that MiC technology can shorten construction periods by 50% to 75%, reduce construction waste by 70% to 80%, and lower the factory defect rate of modules by approximately 80%, demonstrating that the Group’s AI-driven construction efficiency significantly outperforms traditional models.The C-SMART platform is also continuing to expand a range of specialised AI applications, forming a multi-scenario technology matrix. Its AI fire inspection and acceptance system improves inspection efficiency by 30%; the Zhitu Ronglian drawing comparison system increases drawing analysis efficiency by 64%; Skeye has been applied in more than 10 projects in Hong Kong for inspections of high-risk operations; and AI façade inspection has compressed the inspection cycle for a 20-storey building from 12-15 days to just four hours, with an accuracy rate exceeding 95%.The Group’s MiC smart construction technology has also successfully expanded into overseas markets, progressing steadily with a light-asset, low-risk internationalisation model based on “intellectual achievements” and “standardised products”. The Group has obtained in-principle pre-approval from Dubai Municipality for MiC, becoming the first Chinese enterprise to receive such qualification in the Dubai market. This reflects the international recognition of its MiC technologies and standards, and lays a foundation for future large-scale overseas expansion.BIPV Building Integration Photovoltaics: AI Breaks Through the Limits of Traditional ConstructionWith AI-enabled BIM modelling, intelligent annotation and CNC processing, the Group’s subsidiary Far East Façade successfully undertook the Shenzhen OPPO Building, the world’s most challenging hyperboloid façade project. The façade comprises 20,280 unique glass panels, with the largest hyperboloid unit covering an area of 56 square metres and weighing 16.5 tonnes. The Group controlled the precision of irregular components to within three millimetres, a level of accuracy rarely seen in the industry. On the construction side, AI monitoring and collision detection early-warning systems, together with the “Digital Far East” platform, enabled full-process visualised management, fully demonstrating the Group’s distinctive capability to use AI technology to overcome the limitations of traditional curtain wall construction.In addition, Far East Green Energy independently developed the Light series of building photovoltaic panels, which have been applied at Shenzhen Qianhai Snow World, the world’s largest indoor ski resort. The panels cover an area of 35,000 square metres, generate more than 6.3 million kWh of electricity annually, and reduce carbon emissions by 5,200 tonnes per year, equivalent to planting 270,000 trees. The products are designed to withstand Category 17 typhoons. Looking ahead, Far East Light building photovoltaic panels will be integrated with the self-developed Volta.AI Smart Energy Cloud Platform to build an integrated smart energy system covering photovoltaics, energy storage and charging, forming a dual moat of “technology + AI” for the Group in the BIPV sector.AI has become a core competitive strength that differentiates China State Construction International from its peers and spans the entire construction life cycle. Looking ahead, the Group will continue to increase investment in technology and deepen the breadth and depth of AI applications. By leveraging its differentiated innovation advantages, the Group aims to build a safer, more efficient and more sustainable smart construction ecosystem, creating long-term value for shareholders and the industry. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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FWD Group reports record profit amid continued growth ACN Newswire

FWD Group reports record profit amid continued growth

HONG KONG, August 26, 2026 - (ACN Newswire via SeaPRwire.com) - FWD Group Holdings Limited (“FWD Group” or “FWD”) today announced interim results for the six months ended 30 June 2026[1].- New business sales were up seven per cent on the prior corresponding period to US$1.35 billion on an annualised premium equivalent (APE) basis. New business contractual service margin was US$996 million, with year-on-year growth of 25 per cent.- Operating profit after tax was up 20 per cent to US$298 million with positive contributions from all four reportable segments: Hong Kong SAR & Macau SAR; Thailand & Cambodia; Japan; and Expansion Markets. Net profit after tax of US$172 million was a three-fold increase on the first half of 2025 and represents another record result.- Shareholder value creation indicators continued to trend positively, with comprehensive tangible equity up five per cent to US$8.83 billion and Group embedded value up five per cent to US$6.95 billion compared to 31 December 2025. FWD Group retained a solvency ratio[2] of 203 per cent, after the adoption of economic value-based solvency regulation in Japan.- Announced a key hire in May for the high-net-worth (HNW) business, which serves the global HNW insurance market with diversified asset allocation, wealth management, and legacy planning.- Received globally recognised certification in July for the development, procurement, deployment, and use of artificial intelligence (AI) systems, reflecting the growing maturity and responsible use of AI at FWD Group with the ISO/IEC 42001 standard achieved from the International Organisation for Standardisation/International Electrotechnical Commission.Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, said, “FWD Group had a very strong start to our first full year as a listed company. Once again, we’ve demonstrated our ability to sustain growth, and to convert that growth into rising bottom-line profitability, while expanding margins. This was driven by the diversification built into our geographic footprint and multi-channel distribution model over the past 13 years, as well as a capital structure that positions FWD Group well for the future.”In the company’s home market of Hong Kong SAR, momentum continued despite record prior-year growth, supported by resilient domestic demand and the city’s role as one of the world’s largest cross-border wealth hubs.Excellent growth in Japan was driven by the company’s expansion into the savings and retirement needs segment in July 2025, complementing its existing protection business as a rapidly ageing society continues to fuel the longevity economy.In Thailand, the focus on profitable new business continued in the company’s market-leading exclusive bancassurance partnership with Siam Commercial Bank and agency distribution channels. The transition to a new Chief Executive Officer for Thailand was completed in May when Khun Knattapisit Krutkrongchai (KK) joined the company.Strong growth in Expansion Markets – comprised of Indonesia, Malaysia, the Philippines, Singapore, and Vietnam – was achieved despite the macroeconomic uncertainty in some countries in this segment.“These results are the latest example of the strong track record we’re building as a listed company serving more than 40 million customers across 10 markets in Asia. At FWD Group, we remain heavily focused on anchoring around the customer – aided by the golden age of transformational technological innovation that we’re living in,” added Huynh Thanh Phong.Across the region, 21 new products were introduced in the first half of 2026 in response to emerging customer needs. The FWD Group consumer outlook survey released in February 2026, prior to the outbreak of conflict in the Middle East and the associated global energy economic shocks, showed that most of Asia’s middle-class feel financially anxious and underprepared for retirement.About FWD GroupFWD Group (1828.HK) is a pan-Asian life and health insurance business that serves over 40 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the Hong Kong Stock Exchange under the stock code 1828. For more information, please visit www.fwd.comFor media inquiries, please contact: groupcommunications@fwd.comSource: FWD Group Holdings Limited[1] The results are for the six months ended 30 June 2026 and are compared to the same period in 2025. Growth rates are represented on a constant exchange rate (CER) basis. The results are based on the unaudited interim condensed consolidated financial statements and embedded value supplementary report for the first half of 2026, unless otherwise stated. Operating profit after tax and net profit after tax represent the amounts attributable to equity holders of the company and are presented net of non-controlling interests. New business sales are calculated on an annualised premium equivalent (APE) basis, based on 100 per cent annualised first year premiums and 10 per cent single premiums. Group LCSM cover ratio, group embedded value and comprehensive tangible equity 2025 values are December 2025 balances/ratios and growth rates are shown accordingly.[2] Prescribed capital requirement (PCR) basis Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Dynasty Fine Wines Announces 2026 Interim Results ACN Newswire

Dynasty Fine Wines Announces 2026 Interim Results

Financial Highlights (Unaudited)(HKD Thousand)Six months ended 30 June20262025Revenue83,046122,775Gross Profit30,77547,277Profit Attributable to Owners of the Company4968,172Basic Earnings per Share (HK cents)0.040.58HONG KONG, August 26, 2026 - (ACN Newswire via SeaPRwire.com) - Dynasty Fine Wines Group Limited (“Dynasty” or “the Group”) (Stock Code: 00828), a premier grape winemaker in China, today announced its unaudited interim results for the six months ended 30 June 2026.In the first half of 2026, due to weak demand of wine consumption market in the PRC, the Group’s sales of middle to high-end and red wine products declined, resulting in a 32% year-on-year decrease in revenue to HK$83.0 million. Although the impact of revenue decline on profit was partially offset by an increase in other income such as write-off of payables with long ageing and a decrease in administrative expenses, the profit attributable to owners of the Company was approximately HK$0.5 million. Earnings per share of the Company was HK0.04 cents per Share.With the Group’s stronger base of dry white market in coastal regions and the new launch of products of white and sparkling wines in response of the market trend, sale of white wine remained serving as the Group’s primary revenue contributor, though sale of white wine products recorded a decrease when compared with the corresponding period in 2025. Sales of red and white wines products accounted for approximately 28% and 63% of the total revenue respectively for the period (2025: approximately 41% and 54% respectively). The gross margin of red wine products and white wine products during the period were both 38% (2025: 38% and 39% respectively). The overall gross profit margin was 37% during the period (2025: 39%), mainly due to change of product mix at lower prices and margin adaptive to the mass market during the period.The Group has been actively pursuing innovation, embracing the “5+4+N” product strategy, with “N” standing for developing various customised products and continuously creating new products to meet the diverse needs of different Chinese consumer groups. During the period, the Group launched a new gift set product, i.e. Dynasty Chinese Zodiac Commemorative Dry Red Wine for the Bing Wu Year of Horse, integrating with the Chinese zodiac culture and the leading rise of Chinese-style fashionable products, by presenting the zodiac culture in a youthful visual language to attract potential consumers. At the same time, the Group continued carrying out activities “Dragon Across the Universities ” in different universities and colleges to promote wine culture, further broadening the brand’s awareness and reputation among young people.Based on its existing high-quality products, the Group continues to introduce new products and promote product upgrades. The Group participated in the 114th China Food & Drinks Fair in March 2026 and capitalised on the momentum to launch new products such as “Tipsy series ”, to further improve its product matrix and provide consumers with diverse consumption choices. The "Tipsy Series” forms two distinct product lines: nonalcoholic free-run grape juice beverages and low-alcohol sparkling wines. Its low alcohol content provides a gentle, pleasant buzz, and its sweetness comes solely from the natural sugars of the grapes, authentically showcasing the characteristics of the grape variety and the unique terroir of the region. During the China Food & Drinks Fair, the Group also held wine-tasting events during the fair, where the new muscat sparkling wine and tea-flavoured wine won industry praise for their unique flavour and exquisite craftsmanship.In addition, the Group has continuously expanded the product spectrum by introducing new categories of products for ready-to-drink consumption channels such as craft beer, and cultivated new business growth. The Group also sold chateau wine imported from France and other foreign branded wines in the PRC market through the Group’s existing distribution network to introduce some classic “old world” and “new world” varietals to cater for a market that prefers the taste of foreign premium wines.The two joint venture companies established by the Group in February 2025 made corresponding progress during the period. Regarding Dynasty Jiangsu, as of 30 June 2026, the construction of core section has been basically completed, accounting for approximately 90% of the overall project progress. Production machinery is at a trial run. Apart from construction of winery and testing of machinery, Dynasty Jiangsu has not yet commenced operation. Regarding Dynasty Renhuai, the company continued trading operations in 2026 after encountering a period of fluctuation in the baijiu market in the PRC at its establishment in 2025, the baijiu market is tending to be stable in 2026. Leveraging on the advantages of origin and brand, Dynasty Renhuai is actively expanding channels, promoting product structure stratification and building a diversified product matrix of sauce-flavour baijiu to increase the scale of the segment. The establishment of these new joint ventures aim to implement Dynasty’s strategic plan, further improving the industrial layout, expanding category tracks, tapping into industry potential, creating new performance growth in the long run, and realising the Group’s transformation into a full category, full industry-chain enterprise.Regarding online sales, the e-commerce team of the Group comprehensively operates online stores itself on the traditional e-commerce platforms, such as JD.com , Tmall and Pinduoduo for product sales, as well as comprehensive innovation on its brand, product categories, and business systems, procedures and models via interest-based e-commerce platforms, including RED, Kuai and TikTok . Based on this, the e-commerce team also actively cultivates e-commerce live broadcasting talents to further expand its sales channels so as to build up a new customer base. The Group has also strengthened the promotion of newly launched “Hi” tea-flavoured sparkling wines and "Tipsy Series ” in RED and TikTok during the period under review. The Group continues investing resources in a timely manner for improvement of the online sales channels and optimisation of online stores interface so as to respond to the change of customer consumption behaviour in the PRC. The Group jointly develops exclusive products with leading e-commerce platforms, and promotes AI livestreaming models in various channels to increase brand exposure and livestreaming sales, adopts big data analysis to accurately understand consumer demand. During the period, the Group achieved a staged growth in online sales. To establish an online brand matrix, the Group optimised online distributors during the period. The Group believes that the online platforms not only serve as a business-to-customer trading platform between the Group and the consumers, but also an additional marketing and promotion channel for the brand, which can enhance the overall business potential of the Group.During the period, the Group had boasted brilliant results in major wine appraisal competitions. Among the numerous awards, “Dynasty Dry Red Wine Seven Year Reserve” has won the Silver Award, at the 2026 International Wine & Spirit Competition (“IWSC”). The competition is considered the international standard for wine and spirits quality. Dynasty 5 degree Muscat Sweet Sparkling Wine and Dynasty Eastern Tea Bubble Sparkling Wine - Maojian Teaare also awarded at the “2025 New Alcoholic Beverage Product Competition ” in respective categories hosted by China Alcoholic Drinks Association. These two wines have also won the Gold Medal at the France International Wine Awards (“FIWA”) China region, Spring 2026 for its excellent quality. These wines stood out from other entries for their elegant aroma, smooth body and round taste, and won the awards at the competitions, showing the charm and strengths of Dynasty wines to the country and the world.Mr. Wan Shoupeng, Chairman of Dynasty, concluded, “Looking ahead to the second half of 2026, the wine consumption market remains challenging, the Group will be cautious and continue to focus on market and consumer demand and promote product quality through technological innovation. At the same time, the Group will continue to innovate marketing strategies to stimulate brand vitality, further expand the market share of Dynasty’s products, strengthen Dynasty’s brand image representative of domestic wines, and set a benchmark for the Chinese wine industry, with the aim of bringing Dynasty’s superior wines to more consumers in the PRC. The Group will continue to proactively develop new marketing prospects through innovation in product categories and consumption scenarios, and adjust its business strategies by seizing the development trend of ready-to-drink and younger consumer markets.”About Dynasty Fine Wines Group LimitedDynasty Fine Wines Group Limited was listed on the Main Board of The Stock Exchange of Hong Kong Limited with the stock code 00828 on 26 January 2005. Founded in 1980, Dynasty is the premier grape winemaker in China. It is principally engaged in the production and sale of grape wine products under its reputable “Dynasty” brand. Dynasty is the first Sino-foreign joint venture wine company in China with Tianjin Food Group Limited and the French grape wine giant, Remy Cointreau, as its current major shareholders. The Group produces and sells more than 100 grape wine product series, and introduces imported wine products, providing high-quality and value-for-money grape wines to the full range of consumer groups in China. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Hong Kong strengthens position as Asia’s leading sustainable fashion hub ACN Newswire

Hong Kong strengthens position as Asia’s leading sustainable fashion hub

HONG KONG, August 24, 2026 - (ACN Newswire via SeaPRwire.com) - Hong Kong's position as one of Asia's most prominent sustainable fashion hubs has been further strengthened, with the HKTDC ESG Index 2026 released by the Hong Kong Trade Development Council (HKTDC) for the fashion industry rising to 65.5 in 2026, up 2.3 percentage points from 2025. The increase reflects growing industry confidence in Hong Kong as a premier platform for sustainable fashion development and ESG-related business opportunities.The latest findings also highlight the increasing commercial value of sustainability. Among exhibitors offering ESG-related products or services, 61% reported achieving additional profit margins of at least 10%, while 47% of buyers sourcing ESG-related products were willing to pay a premium of 10% or more.The results show that ESG (Environmental, Social, and Governance) is increasingly embedded across the fashion value chain, while businesses recognise its potential to drive innovation, competitiveness and growth. The proportion of fashion practitioners considering ESG essential rose from 85% in 2025 to 92% in 2026, with those rating it "very important" increasing overall from 15% to 23%. This trend was markedly stronger among Chinese Mainland respondents, with 45% of whom regarded ESG as "very important" in business decision-making, representing a significant 27 percentage-point increase compared with 2025.HKTDC Principal Economist (Global Research Team) Alice Tsang, said: "The latest findings show sustainability is becoming an increasingly important commercial driver for the fashion industry. Not only are more companies integrating ESG into their business strategies, but many are also seeing tangible financial benefits. The strong profit margins reported by ESG-related suppliers, together with buyers' willingness to pay significant premiums for sustainable products, demonstrate that sustainability helps create business value. This trend, combined with Hong Kong's strengths in international connectivity, green finance and professional services, reinforces the city's role as a leading sustainable fashion hub in Asia."Hong Kong's ESG ecosystem earns strong industry recognitionHong Kong's strengthening position as a sustainable fashion hub was reflected across all three ESG dimensions. While the overall ESG Index rose to 65.5, all three sub-indices for the fashion industry also recorded gains, with the Environmental Sub-index increasing to 64.3, the Social Sub-index climbing to 67.0, and the Governance Sub-index advancing to 66.1. The results indicate that fashion practitioners increasingly value Hong Kong's strengths in green finance and sustainable investment opportunities, cross-border ESG knowledge exchange and business collaboration, as well as its effective ESG reporting framework and international connectivity. Together, these advantages reinforce Hong Kong's role as a leading platform for sustainable fashion development in Asia.ESG adoption delivers business valueIn addition to assessing Hong Kong's strengths as a sustainable fashion hub, the research highlights that sustainability is increasingly becoming an integral part of business strategy, product development and sourcing decisions, reflecting both evolving market expectations and emerging business opportunities. Other key findings:The share of fashion practitioners engaged in sourcing or selling ESG-related products and services rose from 33% in 2025 to 46% in 2026.Sustainable supply chain platforms (54%), AI analytics (31%) and supplier collaboration tools (31%) were identified as the most valuable digital solutions that Hong Kong offers for supporting ESG compliance.Respondents cited tools for better transparency and traceability (44%), ESG certification (40%), and ESG audits and risk analysis solutions (28%) as the top three supply chain solutions that Hong Kong offers for complying ESG reporting requirements across complex supply chains.HKTDC Director of Research Bruce Pang added: "Fashion businesses increasingly recognise Hong Kong's unique strengths and solutions, which positions the city as an ideal platform for companies looking to identify sustainable business opportunities, forge international partnerships and navigate evolving global ESG requirements. With events like CENTRESTAGE facilitating the exchange and showcase of innovative and sustainable fashion, Hong Kong is well placed to support the industry's transition towards a more sustainable future."HKTDC advancing sustainable fashion developmentThe HKTDC is committed to promoting sustainable business development through its trade fairs, conferences, market intelligence and business-matching platforms. From Fashion InStyle and NEXT@Fashion InStyle, which drive innovation in sustainable fashion and materials, to CENTRESTAGE, taking place this September, where designers, brands and buyers will explore emerging trends including sustainability and responsible fashion, HKTDC continues to connect industry players with new ideas, partners and opportunities. Beyond fashion, HKTDC advances dialogue on ESG, sustainability reporting and green finance through major conferences and research initiatives, supporting businesses in navigating the global sustainability transition.Reference: Full article of “Very Much in Style: ESG in the Fashion Industry”: https://research.hktdc.com/en/article/MjQwMzc3MzI2NAHKTDC Research website: https://research.hktdc.com/en/CENTRESTAGE 2026: https://www.hktdc.com/event/centrestage/enMedia enquiries:For enquiries, please contact:HKTDC Communication and Public Affairs Department:Christy LeeTel: (852) 2584 4369Email: christy.wn.lee@hktdc.orgAgnes WatTel: (852) 2584 4554Email: agnes.ky.wat@hktdc.orgHKTDC Mediaroom: http://mediaroom.hktdc.com/enAbout 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
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ISW 2026 Puts Its Own Carbon Footprint on the Record ACN Newswire

ISW 2026 Puts Its Own Carbon Footprint on the Record

KUALA LUMPUR, Aug 21, 2026 - (ACN Newswire via SeaPRwire.com) - International Sustainability Week (ISW) 2026 is putting its own carbon footprint on the record — setting an example for how sustainability events can measure and manage their own environmental impact.The event organiser has appointed BSD Consultancy Sdn Bhd, with the technical support of its subsidiary Climate Asia, as ISW 2026’s Carbon Partner. Together, they will conduct an independent assessment of the two-day event at MITEC, Kuala Lumpur, covering Scope 1, Scope 2 and selected Scope 3 emissions.As part of the appointment, a Carbon Disclosure Report will be prepared to establish the event's carbon baseline, identify opportunities for future emissions reduction, and explore a potential pathway towards achieving carbon neutral status for the event. Following the completion of the event, the report will be published for broader community access, supporting transparency and knowledge sharing.ISW 2026 will be held from 10 – 11 September 2026, as part of the World Green Building Week. It comprises the 6th International Green Build Conference (IGBC 2026) and GreenScape: International Green Innovation Exhibition. ISW 2026 is organised by Qube Integrated Malaysia Sdn Bhd and co-organised by GreenRE Sdn Bhd, the certification body of REHDA Malaysia.Michelle LauAccording to Michelle Lau, Executive Director of Qube Integrated Malaysia and Co-Organising Chair of ISW 2026, the initiative reflects the event’s effort to hold itself to the same standards of transparency and accountability it asks of the wider industry, in line with its central theme, “From Certification to Transformation: Building a Net Zero Future Together.”“As expectations grow for organisations to demonstrate measurable sustainability performance rather than simply articulate climate ambitions, carbon accounting has become an increasingly important tool for driving transparency and informed decision-making.“By applying these same principles to the event itself, ISW 2026 aims to demonstrate how conferences and exhibitions can contribute to the broader transition from sustainability commitments to measurable action,” she said.The assessment will include emissions associated with venue operations, electricity consumption, exhibition activities, selected logistics, waste generation, water consumption and other relevant Scope 3 categories, including visitor-related emissions where applicable, providing a clearer understanding of the event's key emission sources.Delegates can also explore practical approaches to ESG and carbon measurement at a dedicated side session, “Strengthen Your Business Advantage with ESG: Why Every Company Should Start Measuring Now,” hosted by BSD Consultancy and Climate Asia on 11 September, 12.00pm–1.00pm at the Future Trends Hub, Hall 5, Level 2, MITEC. The session will share insights into how businesses can begin understanding their ESG and carbon data, and how this can support business planning and decision-making.The component of IGBC 2026 will feature around 20 local and international speakers addressing key themes in sustainability, green building and the transition to net zero.That same commitment to measurable outcomes extends to the exhibition floor. GreenScape will feature a number of exhibitors spanning green technology, sustainable building materials, construction solutions and real estate development.They include Malaysia Green Building Council (MGBC), Malaysian Green Technology and Climate Change Corporation (MGTC), Construction Industry Development Board (CIDB) Malaysia, GreenRE Sdn Bhd and Pahang Aerospace City Development Berhad. Alongside them are Meinhardt EPCM Sdn Bhd, Tropicana Corporation, Hap Seng Land (KL Midtown),DD Techniche Sdn Bhd, Stream Environment Sdn Bhd, API Precast Marketing Sdn Bhd, Alfa Soundscape & Design, and CoolPro, comprising Starken Drymix Sdn Bhd, Starken AAC Sdn Bhd, Ajiya Safety Glass Sdn Bhd and Asia Roofing Industries Sdn Bhd.ISW 2026 is supported by the Malaysia External Trade Development Corporation (MATRADE). Lead sponsors Starken Drymix Sdn Bhd, Starken AAC Sdn Bhd, Ajiya Safety Glass Sdn Bhd and Asia Roofing Industries Sdn Bhd; and corporate sponsors Beam Society Ltd (Hong Kong) and 1 Utama City Group are joined by supporting partners Malaysia Convention and Exhibition Bureau (MyCEB), MGTC and CIDB Malaysia, strategic partners REHDA Malaysia and REHDA WPKL, official media partner EdgeProp Malaysia, and media partners Exchange Asia, Dailywire.asia and ilifepost.For more information, visit www.isw.com.myConference enquiries: conference@isw.com.myExhibition enquiries: exhibition@isw.com.myAbout Qube Integrated Malaysia Founded in 2005, Qube Integrated Malaysia Sdn. Bhd. has grown from a boutique exhibition design-and-build firm into one of Malaysia's leading event and exhibition management companies. With a strong regional footprint, Qube delivers high-impact platforms that empower businesses — particularly SMEs and Malaysian brands — to expand their reach through trade shows, international expos, and strategic event experiences.About GreenRE Sdn Bhd GreenRE Sdn Bhd was established in 2013 by the Real Estate and Housing Developers’ Association Malaysia (REHDA) to promote sustainability in Malaysia’s property and built environment sector. GreenRE focuses on advancing credible, measurable and practical sustainability outcomes for buildings and developments. GreenRE delivers its mission through green building certification and rating, training and awareness programmes, and research and development. Its green building rating system is aligned with the World Green Building Council’s Quality Assurance Guide for Green Building Rating Tools.ISSUED BY MNAIR PR CONSULTANCY SDN. BHD. ON BEHALF OF QUBE INTEGRATED MALAYSIA SDN. BHDContacts for Media Enquiries: MNAIR PR Consultancy Sdn. Bhd.Nurjehan MohamedAssociate Director, Public Relations+6017 606 2029jehan@mnairpr.comFarah AliaConsultant, Public Relations+6017 260 5890farah@mnairpr.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Focus Graphite Highlighted in Prime Minister Carney’s Historic Clean Energy and Critical Minerals Announcement; Completes Lac Knife Electrical Desktop Study ACN Newswire

Focus Graphite Highlighted in Prime Minister Carney’s Historic Clean Energy and Critical Minerals Announcement; Completes Lac Knife Electrical Desktop Study

OTTAWA, ON, Aug 21, 2026 - (ACN Newswire via SeaPRwire.com) - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) ("Focus" or the "Company"), a Canadian developer of high-grade flake graphite deposits and advanced graphite materials for battery, defence and industrial applications, is pleased to highlight the Government of Canada's recognition of infrastructure supporting the Company's 100%-owned Lac Knife Graphite Project ("Lac Knife" or the "Project") in Prime Minister Mark Carney's August 17, 2026 announcement advancing clean-energy and critical-minerals infrastructure across the Labrador Trough1.The Government of Canada identified Focus Graphite's Lac Knife infrastructure initiative among four strategic pre-development projects supported and funded through Natural Resources Canada's ("NRCan") First and Last Mile Fund ("FLMF"), describing the planned road and electrical connection as supporting the development of battery and energy-storage technologies required by Canada and its allies.The recognition follows Focus's June 3, 2026 announcement that it secured C$1,378,700 in non-repayable federal funding to advance engineering, environmental, permitting, Indigenous engagement and feasibility activities for Lac Knife's road and electrical infrastructure2. The funding represents approximately 50% of eligible project costs.Focus has now completed an independent electrical infrastructure desktop study (the "Study") prepared by Norda Stelo Inc. ("Norda Stelo"), identifying a preferred pathway for connecting Lac Knife to Quebec's hydroelectric grid."Lac Knife's recognition within the Prime Minister's announcement reinforces the strategic importance of bringing Canadian critical mineral projects and their enabling infrastructure forward," said Dean Hanisch, Chief Executive Officer of Focus Graphite. "We are already turning that support into tangible progress. With both our access-road and electrical desktop studies now complete, we are identifying meaningful infrastructure efficiencies relative to the 2023 Feasibility Study. The preferred electrical strategy provides a pathway to significantly reduce power-related capital requirements while connecting Lac Knife to Quebec's clean hydroelectric grid. We are grateful for Canada's continued support.""Infrastructure and access to power remain key constraints for mine development, with direct implications for capital, execution and timelines," said Jason Latkowcer, Vice President, Corporate Development of Focus Graphite. "Canada's investment in energy and critical-mineral infrastructure is helping define a clearer development pathway for Lac Knife. Advancing that work reduces development uncertainty and provides a stronger basis for future capital allocation and evaluation by potential strategic, financing and other investment partners.""Critical minerals are essential to Canada's economic prosperity, security, and sustainability, and we are proud to advance Canadian mineral supply chains as a part of the historic Churchill Falls and Labrador Trough announcement," said the Honourable Tim Hodgson, Minister of Energy and Natural Resources. "As a part of this nation-building initiative, through our First and Last Mile Fund, Canada is advancing the infrastructure we need to unlock projects like Lac Knife and strengthen Canada's critical minerals value chain. This is how your federal government is working with industry to build a stronger, more competitive critical minerals sector; create opportunities for Indigenous and local communities; and deliver minerals Canada and our allies need for clean technologies, advanced manufacturing and defence applications."Preferred Hydro-Quebec Connection StrategyNorda Stelo evaluated seven potential electrical supply scenarios against technical feasibility, constructability, cost, environmental considerations and execution requirements. The Study identified a direct connection to Hydro-Quebec's three-phase, 34.5-kV distribution grid as the preferred solution, with the connection extending across public lands to the Lac Knife property.The preferred configuration would require approximately 30.7 kilometres of electrical infrastructure, consisting of the upgrade of approximately 3.17 kilometres of existing single-phase line to three-phase service and the construction of approximately 27.5 kilometres of new three-phase distribution line extending to the Project. The new distribution line would largely follow established corridors, including the Hydro-Quebec transmission corridor, Highway 389 and the Project's planned access-road corridor.Under this approach, Hydro-Quebec would construct the principal distribution infrastructure on behalf of Focus, reducing the Company's direct construction and coordination requirements while also placing responsibility for associated environmental permitting and long-term maintenance of the distribution line with Hydro-Quebec.Potential Capital Savings Relative to 2023 Feasibility StudyThe preferred strategy also creates an opportunity to significantly reduce the power-related capital requirements contemplated in Lac Knife's 2023 Feasibility Study Update ("FSU").The 2023 FSU included C$19.9 million in initial capital for Power and Communications infrastructure, within total estimated pre-production capital of approximately C$236.9 million. The Norda Stelo Study identified several factors that could reduce these requirements. These include reducing the anticipated length of new power-line construction from approximately 50 kilometres to approximately 27.5 kilometres, eliminating the need for additional infrastructure at Hydro-Quebec's Normand substation, and identifying that certain power-line construction costs contemplated in the FSU may have been overestimated. The Study also identified the potential for Hydro-Quebec to construct the distribution line at its standard per-kilometre cost.Based on the assumptions evaluated in the Norda Stelo Study, the preferred strategy is estimated to have the potential to reduce Focus's direct power-related capital requirements by more than 50% relative to the power infrastructure assumptions contained in the 2023 FSU. This estimate is preliminary, is based on a desktop-level assessment and should not be interpreted as an updated capital cost estimate for the Project. Any actual reduction will depend on Hydro-Quebec's final connection requirements and cost responsibilities, detailed engineering and the scope of remaining on-site electrical infrastructure. There can be no assurance that the estimated reduction will be realized.Next StepsFocus intends to continue working with Hydro-Quebec and its engineering consultants to advance the preferred connection strategy, confirm technical requirements and define future cost responsibilities.The electrical work is being advanced alongside the Company's access-road planning, environmental permitting, engineering and Indigenous engagement programs under the federally supported FLMF initiative.Natural graphite is designated as a critical mineral in Canada and is used across battery, energy-storage, defence and advanced-material applications. Focus continues to advance Lac Knife through engineering, environmental, permitting and Indigenous engagement activities.Figure 1: Proposed Access Road, Lac Knife (Norda Stelo / IOS Geosciences, 2026)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1963/310686_0b06cfb494dcf9cf_001full.jpgQualified PersonThe technical content disclosed in this news release was reviewed and approved by Rejean Girard, P.Geo (Qc), President of IOS Geosciences Inc., a consultant to the Company, and a qualified person as defined under National Instrument NI 43-101.About Focus Graphite Advanced Materials Inc.Focus Graphite is building an integrated graphite platform to supply the industries shaping the future. Through the development of world-class graphite resources, advanced processing technologies and higher-value advanced materials, the Company is positioning itself to support battery, defence, advanced manufacturing and other strategic industries across North America and allied markets.The platform is anchored by the Company's two 100%-owned graphite assets in Quebec. Lac Knife is one of North America's highest-grade feasibility-stage graphite deposits, while Lac Tetepisca is one of the largest identified graphite resources globally. Together with strategic technology partnerships and government-supported innovation initiatives, these assets provide the foundation for a secure, scalable and increasingly integrated graphite supply chain.For more information on Focus Graphite Inc. please visit http://www.focusgraphite.comLinkedIn: https://www.linkedin.com/company/focus-graphite/Facebook: https://www.facebook.com/focusgraphite X: https://x.com/focusgraphiteInvestors Contact: Dean Hanisch CEO, Focus Graphite Inc. dhanisch@focusgraphite.com +1 (613) 612-6060Jason LatkowcerVP Corporate Developmentjlatkowcer@focusgraphite.comCautionary Note Regarding Forward-Looking StatementsCertain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could," "intend," "expect," "believe," "will," "projected," "estimated," and similar expressions, as well as statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events.In particular, this press release contains forward-looking information regarding, among other things, the preferred electrical connection strategy identified for the Lac Knife Graphite Project; the potential connection of Lac Knife to Hydro-Quebec's three-phase, 34.5-kV distribution grid; the anticipated configuration, routing and length of the proposed electrical infrastructure, including the upgrade of existing distribution infrastructure and construction of new three-phase distribution line; the potential construction, permitting, ownership, operation and long-term maintenance of the principal distribution infrastructure by Hydro-Quebec; the potential reduction in Focus's direct construction, coordination, permitting and maintenance responsibilities under the preferred strategy; the potential for the preferred electrical strategy to reduce Focus's direct power-related capital requirements by more than 50% relative to the power infrastructure assumptions contained in the 2023 Feasibility Study Update; the assumptions underlying that preliminary estimate and the extent to which any anticipated reduction may ultimately be realized; the nature and extent of Hydro-Quebec's final connection requirements, cost responsibilities and applicable construction costs; the results of future detailed engineering and the scope and cost of remaining on-site electrical infrastructure; the potential elimination of infrastructure previously contemplated at Hydro-Quebec's Normand substation; the continued advancement of the preferred electrical connection strategy and related discussions and engineering work with Hydro-Quebec and the Company's engineering consultants; the continued advancement of road and electrical infrastructure planning, environmental and permitting activities, engineering and Indigenous engagement under Natural Resources Canada's First and Last Mile Fund; the continued availability of federal funding and the Company's ability to satisfy applicable funding conditions and project requirements; the potential benefits of government-supported infrastructure initiatives to the advancement of Lac Knife; the potential for increasingly defined infrastructure planning to reduce development uncertainty and support future capital allocation, financing and evaluation by potential strategic or other investment partners; the continued advancement and future development of the Lac Knife Graphite Project; and the timing, scope, cost and results of future engineering, permitting, infrastructure development and other project-development activities.Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, risks related to market conditions, regulatory approvals, changes in economic conditions, the ability to raise sufficient funds on acceptable terms or at all, operational risks associated with mineral exploration and development, and other risks detailed from time to time in the Company's public disclosure documents available under its profile on SEDAR+.The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information.Neither TSX Venture Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.1 https://www.pm.gc.ca/en/news/news-releases/2026/08/17/prime-minister-carney-announces-largest-clean-energy-investment-north2 https://focusgraphite.com/focus-graphite-secures-up-to-c1-38-million-under-natural-resource-canadas-first-and-last-mile-fund/To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310686 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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CITIC Resources’ 2026 Interim Net Profit Up 88.3% ACN Newswire

CITIC Resources’ 2026 Interim Net Profit Up 88.3%

HONG KONG, August 24, 2026 - (ACN Newswire via SeaPRwire.com) - CITIC Resources Holdings Limited (“CITIC Resources” or the “Company”, together with its subsidiaries, the “Group”; Stock Code: 1205.HK) has announced its unaudited interim results for the six months ended 30 June 2026 (the “Period”). During the Period, the Group capitalised on the opportunities presented by the upward cycle of commodity prices, proactively adjusted its operating strategy, and adopted a proactive approach focused on increasing reserves and production while capturing sales opportunities. As a result, profit attributable to ordinary shareholders of the Company increased by approximately 88.3% year-on-year to approximately HK$0.29 billion.For the oil and gas business, on the basis of its annual production stabilisation and growth targets, the Group optimised its production mix by prioritising the release of production capacity from high-margin blocks to fully benefit from the price upside. The JSC Karazhanbasmunai (“KBM”) oilfield advanced the development of its coastal area while managing the production decline of existing wells, achieving production capacity replacement. Newly drilled wells in the Hainan-Yuedong Block oilfield achieved the highest daily oil production of any new wells in the field in nearly six years. The Seram Block oilfield validated and implemented perforation and water shutoff programmes to tap the remaining oil potential.For the non-oil-and-gas business, under the principle of “control is essential for subsidiaries, exercising of rights is essential for participating interests”, the Group further strengthened its shareholder engagement, deepened its involvement in project management and operational decision-making, actively captured the pricing windows for aluminium, coal and other products, and optimised sales phasing and inventory management to enhance overall value creation. Meanwhile, the Group capitalised on the high share price of Alcoa to optimise its asset structure by reducing its Alcoa shareholding in the first quarter of 2026, realising proceeds of approximately US$366 million. The Group also established a Singapore trading company to fully leverage the geographical advantages of the Singapore platform, continuously expanding trading channels and customer networks, and transferring its oil and gas trading operations to the new entity in an orderly manner. The Group will continue to explore supply chain deployment and diversify trading models, with a view to steadily increasing the revenue scale of its oil and gas trading business.During the Period, the Group recorded revenue of approximately HK$5.07 billion (1H2025: approximately HK$9.38 billion), representing a year-on-year decrease of approximately 46.0%. The decrease was primarily attributable to the sharp reduction in oil and gas trading resources available in the market due to the situation in the Middle East, which significantly heightened transaction uncertainties and prompted the Group to proactively de-risk by reducing its oil and gas trading volume by approximately 60.5% year-on-year. Nevertheless, most of the Group’s segments and investments recorded profits during the Period, and the Group continued to maintain a strong financial position. Benefiting from the cash received from the disposal of a significant portion of its Alcoa shares, the Group’s cash and deposits increased significantly to approximately HK$7.04 billion as at 30 June 2026 (31 December 2025: approximately HK$3.52 billion). As at 30 June 2026, the Group’s total assets amounted to approximately HK$15.97 billion, while net assets attributable to ordinary shareholders of the Company amounted to approximately HK$9.37 billion; the debt-to-asset ratio was approximately 40.3%, and the annualised return on equity was approximately 6.6%. The Group maintained a healthy asset position, ample liquidity and a solid operating foundation, enabling it to effectively navigate market volatility and build up financial reserves in support of its “Investment + Trade” dual-driver development strategy.Mr. Hao Weibao, Executive Director, Chairman and Chief Executive Officer of CITIC Resources, said: “Looking ahead, facing an external environment where opportunities and challenges coexist, we will remain unwavering in deepening our ‘Investment + Trade’ dual-driver development strategy, and systematically advance our work on ‘Upstream Asset Deployment, Trading Business Expansion and Production and Operation Enhancement’. For upstream asset deployment, we will focus on the oil and gas and aluminium industry chains as core areas, actively tracking and prudently screening quality assets with cost competitiveness and resource potential. For trading business expansion, we will focus on the restorative growth of trading volumes and the enhancement of sales prices for equity oil to fully improve our market value conversion capabilities. For production and operation enhancement, we will leverage technological innovation and lean management as dual enablers to systematically enhance the operational efficiency and value contribution of our existing assets. Pursuing organic growth and external expansion in parallel, we will make steady and sustainable progress in a complex and volatile external environment, and remain fully committed to delivering stable and sustainable long-term returns to our shareholders.”For details of CITIC Resources’ 2026 interim results, please refer to the Group’s interim results announcement on the Hong Kong Stock Exchange and the Group’s website.About CITIC Resources Holdings Limited (Stock Code: 1205.HK)CITIC Resources Holdings Limited has been listed on the Hong Kong Stock Exchange since 1997. The principal activities of CITIC Resources include the exploration, development and production of oil and coal, investments in bauxite mining, alumina refining and aluminium smelting, as well as oil and gas trading. CITIC Limited is the largest shareholder of CITIC Resources with an interest of about 59.5%. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Chery Automobile Releases 2026 Interim Results: Dual-Engine Drive Solidifies Profitability, Globalization Unlocks Growth Space

HONG KONG, August 21, 2026 - (ACN Newswire via SeaPRwire.com) - On August 20, Chery Automobile (9973.HK), a leading Chinese automaker, officially released its 2026 interim results report, marking its first interim results since listing on the Hong Kong Stock Exchange.Against the backdrop of intensifying competition in China’s domestic automotive market, sustained profit erosion from ongoing industry price wars, and a widespread phenomenon where automakers see revenue growth without corresponding profit growth, Chery has delivered a semi-annual report that demonstrates both scale resilience and earnings quality. Powered by its two growth engines, exports and new energy vehicles, the Company not only achieved steady scale expansion but also validated its long-term growth narrative with net profit margins that outperform peers and superior earnings quality, further underscoring its value in the capital markets.Steady Improvement in Operational Quality, in Line with Institutional ExpectationsLooking at the core operational data, Chery Automobile’s overall operational quality continued to improve steadily in the first half of the year, with its earnings structure particularly standing out. During the reporting period, the Company recorded revenue of approximately RMB 143,280 million, representing a year-on-year increase of 1.2%, fully demonstrating its robust capability to withstand cyclical industry pressures.Profit for the period reached RMB 9,016 million, representing a year-on-year increase of -9.0%; gross profit margin improved to 16.1%, representing an increase of 3.1 percentage points from the same period last year; net profit margin for the period came in at 6.3%, significantly outperforming industry peers and reflecting superior earnings quality. The core drivers of this earnings improvement lie in the Company’s new energy vehicle (NEV) business transitioning from a “scale-first” approach to a “scale-profit balance” strategy, and the acceleration of its globalization strategy, which is evolving from “exporting products” to a “full-system going global” model. The concurrent improvement in both gross and net profit margins validates the combined effectiveness of the Company’s NEV transition, product structure iteration, refined operations, and overseas business structure optimization, with operational quality and efficiency continuing to trend upward.The Company’s corporate strength has also been recognized by authoritative institutions. It made its debut on the Fortune Global 500 list as a listed company, securing the 383rd position. With a return on equity (ROE) of 36.5%, it ranked 30th globally on the ROE sub-ranking and first among all Chinese companies on the list. Its exceptional asset return capability, corroborated by net profit margins that outpace leading peers, underscores the Company’s outstanding profitability quality and capital return efficiency.In response to the common industry challenge of “more revenue but less profit”, Chery Automobile has been enhancing profitability through product mix optimization and expansion of its overseas business, thereby steadily boosting its resilience against economic cycles.Comparing the interim results with previous institutional forecasts, CICC had previously assigned Chery a target price of HK$35-40 and projected a full-year 2026 profit of approximately RMB20.2 billion. Based on the interim results delivered, the Company’s overall operations are broadly in line with institutional expectations, with overseas business performance significantly exceeding market projections.While intensifying competition in the Chinese market has exerted certain pressures, overseas revenue has emerged as a key performance engine. The robust growth in exports and the NEV segment has effectively offset domestic uncertainties, validating the strategic approach of “consolidating the domestic base while seeking incremental growth overseas” and laying a solid foundation for achieving full-year targets.Institutions generally believe that as economies of scale are further realized, overseas production capacity comes on stream, and new models ramp up volume, the Company's subsequent profit elasticity is expected to gradually materialize.Dual engine Growth Driven by Exports and New Energy Businesses to Build Long-term Growth MomentumExports and new energy businesses constitute the dual engines underpinning Chery Automobile’s current round of performance growth. Together they create a dual-engine drive model of globalization coupled with accelerated NEV volume growth. In the first half of the year, Chery Group’s overseas business saw explosive growth, with cumulative exports hitting 943,800 units, representing a substantial year-on-year rise of 71.5%. Its leading edge in globalization has been further consolidated. Overseas revenue has grown robustly, becoming a key engine driving performance.Moving beyond simple complete-vehicle exports, Chery Automobile has kept ramping up overseas resource investment to advance localized production, channel development and supply-chain deployment. Breaking away from the pure complete-vehicle export model, it is pursuing integrated overseas operations spanning research, manufacturing and sales.As at the end of July, Chery Group’s cumulative global user base exceeded 20.16 million, of which overseas users totaled over 6.99 million. This sizable user base bears testament to its past overseas achievements and forms a solid foundation for the future realization of overseas-market value, fully demonstrating the robust global manufacturing capabilities of Chinese automakers.The new energy business also delivered high-quality growth against headwinds, acting as the other pillar of its dual-engine drive model. In the first half of the year, Chery Group posted new energy sales of 475,200 units, up 32.3% year-on-year. Its monthly wholesale volume of new energy vehicles has surpassed 100,000 units for multiple consecutive months, ranking among the industry’s top three with robust growth momentum. New energy penetration keeps rising, reaching 62% for Chery Group’s domestic market in July.To date, the Group has built a comprehensive product matrix covering the RMB50,000 to RMB500,000 price brackets. It has established presence across multiple market segments, ranging from compact city cars and range extended SUVs in the RMB200,000 price bracket to high-end MPVs and off-road vehicles.Beyond driving sales volume growth, the new energy business has fueled overall product structure iteration. It works in synergy with overseas operations to lift gross and net profit margins, acting as a critical lever for improved earnings quality and consolidating the foundation for full-year development.Looking ahead, multiple catalysts are expected to further unlock Chery Automobile’s growth potential. On the new model cycle front, the first production model of the FREELANDER brand is set to commence deliveries shortly. Co-developed by Chery and Jaguar Land Rover as a global premium NEV brand, FREELANDER will be manufactured at the upgraded Changshu plant (Chery Jaguar Land Rover Changshu Manufacturing Base). Over the coming years, the brand plans to roll out a series of new models, targeting both the domestic Chinese market and overseas markets.In parallel, key models such as the Luxeed RX are poised for launch and will be gradually introduced to the market, further enriching Chery’s premium NEV portfolio and opening up room for the brand to move upmarket.On the overseas front, Chery Automobile continues to drive the unlocking of global production capacity. The construction and retrofitting of localized production facilities in multiple countries are steadily taking shape, as the Company continues to refine its global supply chain network.As overseas production capacity gradually ramps up, the Company’s international operations will no longer rely solely on CBU (Completely Built Unit) exports from China. Instead, localized manufacturing will realize further economies of scale, which is expected to sustain a relatively high growth rate in overseas markets and continue to contribute incremental earnings.Overall, the interim results for 2026 validate the effectiveness of Chery Automobile’s dual-engine growth model: “globalization coupled with accelerated NEV volume growth”, while simultaneously demonstrating a marked improvement in both earnings quality and the maturity of its global operations.Although competition in China’s automotive market remains intense, and uncertainties persist on the geopolitical and currency fronts, Chery’s superior earnings quality relative to peers, its rapidly growing and structurally improving overseas business, and its steadily rising NEV segment, combined with the two major catalysts of a new model cycle and overseas capacity release, underpin a clear long-term growth thesis for the Company. The Company possesses substantial future growth potential, which makes it a compelling long-term investment opportunity for investors. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Leading Across All Metrics: Xunce Technology Reports Record-High Mid-Year Revenue and Net Profit; AI-to-B Platform Enters a New Cycle of Exponential Growth ACN Newswire

Leading Across All Metrics: Xunce Technology Reports Record-High Mid-Year Revenue and Net Profit; AI-to-B Platform Enters a New Cycle of Exponential Growth

HONG KONG, Aug 21, 2026 - (ACN Newswire via SeaPRwire.com) - On August 21, Xunce Technology (03317.HK) released its 2026 interim results report: In the first half of the year, the company achieved revenue of 967 million yuan, a significant year-over-year increase of 389%, setting a new record high for the same period; net profit attributable to shareholders was 72.5 million yuan, compared to a net loss attributable to shareholders of 89.4 million yuan in the same period last year, marking the company’s first profitable first half of the year; Adjusted net profit was 67 million yuan, compared to an adjusted net loss of 105 million yuan in the same period last year, marking a comprehensive turnaround from loss to profit; the gross profit margin reached 60.1%, remaining stable at a high level; total assets were approximately 3514 million yuan, net assets were approximately 2482 million yuan, and with ample cash on hand, reflecting a significant improvement in operational quality.As a leading provider of AI real-time data infrastructure and analytics services in China, Xunce Technology made breakthrough progress in the first half of the year across business models, product innovation, industry penetration, and international expansion. The company led the industry across all key metrics, officially transitioning from the “investment phase” to the “profit realization phase,” while also exploring new avenues for profitability.Four Key Drivers Fuel Strong Revenue Growth and Continued Improvements in Operational EfficiencyIn the first half of 2026, against the backdrop of the 15th Five-Year Plan designating artificial intelligence as a national strategic priority, enterprise-level AI is accelerating its transition from model training to practical inference deployment, and from general-purpose capabilities to industry-specific applications. As a result, demand from enterprises for high-quality, structured, scenario-based real-time data is growing exponentially.Facing these significant development opportunities, Xunce Technology based on the FDE model, has expanded its end-to-end data processing and tokenization capabilities—covering everything from data acquisition to large-model fine-tuning—to transform dispersed and heterogeneous enterprise data into data tokens. This helps clients reduce costs, improve efficiency, maximize the business value per token, and achieve more agile, data-driven decision-making. Currently, the company has penetrated eleven high-value, high-barrier industries and developed over 400 functional modules. It has refined three core technological advantages: millisecond- and second-level real-time response, 100% accurate data processing, and data tokenization, connecting computing power to algorithms and taking responsibility for clients’ business outcomes.The company delivered strong performance in the first half of the year, with both revenue and net profit reaching all-time highs. The high revenue growth was primarily driven by the synergistic effect of four key drivers: accelerated deployment of enterprise-grade AI real-time data infrastructure, accelerated penetration into diverse industries, the implementation of the Token business model, and the expansion of international operations and ecosystem development. The significant turnaround in profitability was driven by a steady increase in the proportion of high-margin businesses; the realization of economies of scale from a platform-based and modular product architecture, leading to significantly improved operational efficiency and further optimization of the structure of R&D, sales, and general and administrative expenses; improved cash management efficiency, and investment income contributing to incremental profits.At the same time, the company’s operational efficiency has continued to rise. It has established a data development system centered on the AIDP platform, automating data development tasks. Its solutions are deeply integrated into clients’ self-managed cloud or on-premises systems, serving as a “data hub” that deeply embeds AI into corporate clients’ core business processes, supports high-quality business decision-making, and thereby continuously enhances clients’ willingness to pay;In the first half of the year, the company’s ARPU jumped from 1.64 million yuan to 5.56 million yuan, marking a significant year-over-year increase of 240 percent. Customer retention rates have long remained above 90%, fully demonstrating the strong lock-in effect and high customer stickiness resulting from the deep integration of the product into clients’ business processes, with per-capita revenue surged by 379% year-over-year, placing its labor efficiency among the highest in the AI technology sector.Driven by the dual engines of TokenOS and TokenCloud, revenue from the Token business accounts for over 10%In the first half of this year, the company proactively pioneered the Token business model, enabling data token calls to drive AI-based business decisions. Currently, the Token business model has been implemented in multiple high-value scenarios and has undergone successful commercial validation. During the first half of the year, revenue from the Token business model surpassed 10% of total revenue, with strong growth in ARR (Annual Recurring Revenue). It has become a new engine for revenue growth, and the commercialization of the token economy has far exceeded expectations.The company launched the world’s first TokenOS operating system, which focuses on data capabilities. It transforms enterprises’ multi-source, heterogeneous data in real time into standardized, measurable, and priceable scenario-based tokens, establishing a seamless end-to-end pipeline from data ingestion to model invocation. This enables enterprise data to be directly utilized as tokens and drives the implementation of token factories across various industries.Building on this foundation, the company has also launched the TokenCloud platform, which focuses on model capabilities and “data + model” capabilities. This accelerates the development of an integrated, end-to-end product and service ecosystem spanning “computing power—data—tokens—models—applications,” covering the entire lifecycle from underlying computing power scheduling and data tokenization to model inference optimization, as well as the refinement, tuning, and deployment of enterprise-specific small models. This drives the transformation of AI from a general-purpose capability into enterprise-specific productivity.TokenOS and TokenCloud work in tandem to provide enterprise customers with a one-stop AI infrastructure, enabling them to reduce deployment costs and improve matching efficiency across computing power, data, and models. This “operating system + cloud platform” dual-drive architecture forms the company’s strong competitive barrier, helping it become the computing infrastructure partner for enterprise AI transformation.Accelerated Penetration Across Diverse Industries and Substantial Progress Toward InternationalizationXunce Technology began in the asset management industry, which has the most stringent requirements for data real-time performance. It has now extended its AI real-time data processing capabilities to eleven high-value, high-barrier industries, including telecommunications, electric power, energy, urban operations, and high-end manufacturing. The company is accelerating its penetration across diverse industries, and its ability to replicate solutions across sectors continues to be validated.In the first half of this year, the company collaborated with PATEO Connect and Saimo Technology to jointly develop a token-based physical AI and world model, entering the smart connected vehicle sector; it partnered with three major domestic GPU manufacturers—MetaX, Iluvatar CoreX, and Biren Technology—to build a “computing power + data” closed-loop system; and through a strategic partnership with Shenzhen Kaihong, it implemented tokenization capabilities within the HarmonyOS ecosystem to explore world models and physical AI. The “Scenario Token Factory” model continues to be validated across multiple industries, scenarios, and ecosystems. As a result, the company’s revenue from diversified industries rose to 87.6%, making its business structure more diversified and opening up broader growth opportunities for the company.In addition, the company is actively expanding its overseas operations, accelerating the global rollout of the TokenOS operating system and its tokenization business model; it has also entered into strategic partnerships with the Shenzhen Data Exchange and the Beijing International Data Exchange, laying the foundation for global expansion. In the first half of the year, the company’s overseas revenue reached 11.86 million yuan,year-over-year increase of 264%.Four-Stage Evolution of AI Data Infrastructure: Strategic Initiatives Across Five Key DirectionsLooking ahead, Xunce Technology has established a strategic evolution path for the four-stage transformation of AI data infrastructure: starting with data governance (1.0), progressing through the tokenization phase (2.0), and moving toward a global token exchange platform (3.0) in the future, while accelerating the training and large-scale deployment of enterprise-level small models (4.0).Specifically, in Phase 1.0, the company began in the asset management industry and expanded across sectors, fully validating its cross-industry data governance capabilities. In Phase 2.0, the company used TokenOS to refine enterprise private data into high-quality scenario-based tokens and provided one-stop services through the end-to-end integrated cloud service platform TokenCloud, opening up a growth channel for its token business. In Phase 3.0, the company will launch a global Token exchange platform to break down barriers to Token circulation across enterprises, industries, and scenarios. In Phase 4.0, the company will use enterprise-grade small models to bridge the “last mile” of AI implementation, forming a complete closed-loop ecosystem of “computing power—data—Tokens—models—applications.”At the same time, the company will implement strategic initiatives across five key areas: First, deepening the evolution of its business model by accelerating the transition from project-based and subscription-based models to exploring a Token-based business model; second, accelerating cross-industry replication through a “high barriers, high value” expansion strategy to continuously unlock growth opportunities across diverse industries; third, pioneering cutting-edge applications to secure a leading position in future industries; fourth, building a strategic partnership ecosystem to forge deep ties with upstream and downstream players in computing power and algorithms; and fifth, steadily expanding overseas operations to lay the groundwork for a global footprint. By implementing strategic initiatives across these five key areas, the company will continue to create commercial value for its customers and usher in a new cycle of exponential growth.These impressive financial results mark a turning point for Xunce Technology as it officially begins to realize its value. At a time when demand for high-quality industry data is surging due to the inference requirements of large AI models, the company has built a solid competitive moat through its proprietary token system and opened up vast opportunities for revenue growth through “in-depth cross-industry development and international expansion.” In the future, as the ecosystem of token exchange platforms matures and enterprise-level small-model applications are implemented, this will significantly expand the potential for profit growth, propelling Xunce Technology onto a fast track of rapid development. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Asia’s fashion extravaganza CENTRESTAGE returns in September ACN Newswire

Asia’s fashion extravaganza CENTRESTAGE returns in September

HONG KONG, August 20, 2026 - (ACN Newswire via SeaPRwire.com) - Asia’s premier annual fashion event CENTRESTAGE--organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA) of the Government of the Hong Kong Special Administrative Region (HKSAR) will return to the Hong Kong Convention and Exhibition Centre (HKCEC) from 2 to 5 September. One of the flagship programmes of the third "Hong Kong Fashion Fest", CENTRESTAGE will bring together some 270 brands from 24 countries and regions and will feature more than 40 spectacular events, including over 30 fashion shows. The number of participating designer brands and fashion shows reached a record high this year, showcasing the vibrancy and international influence of Hong Kong's fashion industry, and strengthening the city’s position as an international trading hub and an East-meets-West centre for international cultural exchange. The fair is open to industry buyers and the public for free, welcoming visitors to experience the unique charm of Asia’s fashion capital in person.Smilely Lam (centre), Associate Executive Director of the HKTDC; Katherine Fang (second left), Chairman of the HKTDC Garment Advisory Committee; Yvonne Ip, Assistant Commissioner for Cultural and Creative Industries (second right); Ryu Seok Chun (far right), Director General of the Korea Trade-Investment Promotion Agency Hong Kong (KOTRA); and Chief Designer XPX Eugene Lam from Hype² pavilion (far left) introduce the highlights of CENTRESTAGE at the press conference.Smilely Lam, Associate Executive Director of the HKTDC, said: “HKTDC is committed to promoting trade development through the extensive global network and years of exhibition experience to actively support Hong Kong fashion brands and designers in expanding into overseas markets. This year marks the 11th edition of CENTRESTAGE. Leveraging on Hong Kong’s role as a superconnector, we would like to utilise CENTRESTAGE to connect the industry with global buyers, partners and media. Through CENTRESTAGE, Hong Kong fashion and design can go further and shine brightly on the world stage.”Inaugural Hype² pavilion harnesses star power and KOL influenceWith the continuous growth of the global streetwear market and Generation Z consumers increasingly seeking "self-expression" and "emotional value", CENTRESTAGE introduces the Hype² pavilion for the first time this year. This pavilion spotlights fashion labels spearheaded by local celebrities and KOLs, promoting cross-sector collaborations across the fashion & lifestyle, show & entertainment, culture & creative industries. Participating brands include Claro by Rosita Kwok, OGIS by Vincent Wong, PICK AND MATCH by Kelvin Kwan, ROSEMA.ESE X Jaime Cheung by Jaime Cheung and Ariel Leung, and XPX by Pakho Chau and more. Several brands will launch limited-edition or debut products during the fair to further drive excitement. The fair will also host the "Hype² Fashion Show" on 4 September, featuring a joint presentation by more than 10 trend-setting brands.The fair brings together some 270 exhibiting brands from 24 countries and regions.CENTRESTAGE ELITES: KIT WAN STUDIO’s solo fashion show in Hong KongThe grand opening fashion show, CENTRESTAGE ELITES, will take place on the first day of the fair (2 September), putting the spotlight on KIT WAN STUDIOS, a multidisciplinary design and visual art studio led by Kit Wan, a Hong Kong-born creative director and visual artist. The studio's collaborative roster of local superstars is formidable and includes Miriam Yeung, Hins Cheung, MC Cheung, and Panther Chan. The artist’s overseas collaborations also span multiple top-tier events, including designing ‘stage armour’ for artists in Los Angeles at the Grammy Awards and Eurovision in the United Kingdom. Marking his solo fashion show in Hong Kong, the presentation is themed "MUTANT // MYTHOLOGY", connecting the two seemingly unrelated concepts of "mutation" and "mythology". Through three narrative chapters, it presents a cinematic fashion journey, striking a balance between the studio's signature performative showpieces and more-wearable fashion silhouettes. The HKTDC has specially arranged to livestream this grand fashion occasion on the CENTRESTAGE website and Instagram account, the HKTDC’s YouTube channel, Facebook and other official pages, as well as various lifestyle online platforms. During the fair, a dedicated exhibition area will also be set up at the venue to display selected works from CENTRESTAGE ELITES. Kit Wan will attend the fair in person on 4 September to share his experience in expanding into overseas markets and his insights on creative inspiration, to help guide young designers and fashion design students.Korea debuts as "Featured Partner" to present largest-ever pavilionThis year’s CENTRESTAGE brings together exhibitors from 24 countries and regions, among which the Faroe Islands, Austria and Slovakia from Europe, the United Arab Emirates from the Middle East, Malaysia from Asia, as well as Colombia from South America will participate for the first time, further broadening the international footprint of CENTRESTAGE. Korea, meanwhile, becomes CENTRESTAGE's “Featured Partner” for the first time, with the Korean Pavilion jointly organised by the Korea Trade-Investment Promotion Agency (KOTRA), HISEOUL SHOWROOM and the Consulate General of the Republic of Korea in Hong Kong, marking the largest pavilion in the event's history. The pavilion brings 12 Seoul-based designer brands, including doucan, ELNORE, Ét demain, HOLYNUMBER7, NUOSMIQ and RE RH'EE. Beyond Seoul, the Gyeonggi Fashion Creative Studio brings 10 local brands, including ARTS DE BASE, PHENOMENON SEEPER and VEGANTIGER, introducing the latest Korean styling aesthetics and high street fashion to Hong Kong. The Korean pavilion will also present a thematic fashion show titled "SEOUListic: The Future is Sustainable" on 4 September (the third day of the fair). In addition to showcasing the creativity and sustainable concepts of Korean designers, Lee Chae-yeon, a former member of the girl group IZ*ONE, will make a special guest performance, fusing fashion and entertainment to highlight the charm of Korean pop culture.The Austrian pavilion, coordinated by Austrian Trade Commission, makes its debut with seven brands, including Woody, which boasts over a century of wooden shoe craftsmanship, and the avant-garde structuralist brand km/a mode. Led by the Australian Fashion Council, the Australian pavilion will present 10 participating brands showcasing a natural and comfortable Australian fashion aesthetic. Meanwhile, the Canadian pavilion, spearheaded by the Consulate General of Canada in Hong Kong and Macao, gathers several high-end, female-founded and female-led brands, including Iris Setlakwe and Devlyn Van Loon.Seven thematic zones feature new "Perfume" zoneThis year’s CENTRESTAGE features seven thematic zones. The brand-new "Perfume" zone gathers various fragrance brands from around the world, including niche labels from Malaysia, Thailand and Vietnam that are not yet available in Hong Kong, allowing buyers and fashion enthusiasts to extend their fashion experience through scents. The "Craftsmanship" zone is a combination of artisanal techniques and fashion design, featuring first-time Malaysian exhibitor Maswira Majid and local brand Catchu Syvaion, which incorporates craft elements into lingerie design. The "Contemporary" zone brings together brands such as Colombian label STUDIO INGRID BURGOS and Chinese Mainland premium menswear and womenswear brand Langdeng. The "Urban" zone spotlights casual design brands full of metropolitan charm, including local brand COLE COOL. The "Athleisure" zone gathers multiple collections combining sportswear elements and workwear, including local brand Glocal Mahjong. The "Circular Fashion" zone introduces first-time German exhibitor Paulina's Friends and local brand JESSE LEE, showcasing upcycled fabrics combined with 3D printing technology. Furthermore, the "Accessories" zone, which was first introduced last year, has further expanded in scale this year, with American luxury brand Jeremie St. Croix making its debut.Record number of fashion shows gathers industry elites and rising starsThis year, CENTRESTAGE will feature more than 40 spectacular events, of which over 30 are fashion shows covering a diverse range of styles, setting a new record for the fair. One of the major highlights, the Fashion Hong Kong Runway Show, will take place on 3 September. Inspired by the theme "Hong Kong Dopamine", it will transform the diversity, aesthetics and energy of this city into a sensory experience. Four local designer brands, including 112 mountainyam, ANGUS TSUI, ARTY:ACTIVE and Z I D I, will present their latest creative collections, interpreting the unique allure of Hong Kong fashion design.In addition, other exciting fashion shows will feature local labels including KEVYIU, VICTOR CHAN STUDIO x atelierYVF, Cixi Jewelry and Cecilia Yau Couture, as well as designs by Paulina's Friends from Germany and Slovak designers Bráz Noémi and Mišena Juhász, showcasing diverse creative design styles from different regions to industry professionals and audiences. CENTRESTAGE will also host a series of talks during the fair, including a "Meet with Designer" session featuring Korean designer Rok Hwang in person on 4 September, who will share his experience in building the ROKH brand and taking it onto the international stage, as well as his observations and insights on the development of the global fashion industry. In addition, organisations including Redress, AiDLab and the Australian Fashion Council will present thematic talks exploring hot topics such as circular fashion and fashion technology.CENTRESTAGE continues to nurture emerging design talent through a series of competitions, including the Hong Kong Young Fashion Designers' Contest (YDC) organised by HKTDC, which is dedicated to providing a platform for young designers to showcase their work. In addition, the "Thread of Creativity – Fashion Design Competition 2026" organised by the Asian New Generation Creativity Design Association will also take place during the fair, allowing young designers to demonstrate their creative talent and inject fresh energy into the industry. In addition, the "Sparkle Charity Foundation x Sparkle Collection: Next In Chinese Style – Young Designer Challenge 2026 Award Presentation Ceremony", initiated by designer brand SPARKLE by KAREN CHAN, will honour the next generation of design talent, promoting the inheritance and innovation of fashion culture while encouraging young designers to fulfil their potential.Other highlights include a fashion showcase organised by the Fashion Farm Foundation, featuring works by designers from the Greater Bay Area, as well as the "Young Knitwear Designers' Runway 2026" organised by the Knitwear Innovation and Design Society (KIDS), showcasing the vitality and development potential of Hong Kong's knitwear fashion industry.The HKTDC Hong Kong Watch & Clock Fair and Salon de TIME (1-5 September), also organised by HKTDC, will be staged concurrently with CENTRESTAGE, allowing visitors to explore the latest watch and clock products alongside fashion brands at the same venue. The CENTRESTAGE Instagram account (@centrestage_hktdc) has been continuously updated with the latest event information and fashion trends. Everyone is welcome to follow the account to stay closely connected with all the latest happenings at CENTRESTAGE.CENTRESTAGE: https://www.hktdc.com/event/centrestage/enCENTRESTAGE Instagram (IG): https://www.instagram.com/centrestage_hktdc/Fashion Hong Kong: https://www.fashionhongkong.com/Hong Kong Young Fashion Designers' Contest (YDC): https://www.fashionally.com/en/Photo download: https://bit.ly/4xUZbMsSmilely Lam (centre), Associate Executive Director of the HKTDC; Katherine Fang (second left), Chairman of the HKTDC Garment Advisory Committee; Yvonne Ip, Assistant Commissioner for Cultural and Creative Industries (second right); Ryu Seok Chun (far right), Director General of the Korea Trade-Investment Promotion Agency Hong Kong (KOTRA); and Chief Designer XPX Eugene Lam from Hype² pavilion (far left) introduce the highlights of CENTRESTAGE at the press conference.The fair brings together some 270 exhibiting brands from 24 countries and regions.The grand-opening fashion show, CENTRESTAGE ELITES, will be held on 2 September, spotlighting KIT WAN STUDIOS — a multidisciplinary design and visual-arts studio led by Kit Wan. The STUDIO’s new collection, "MUTANT // MYTHOLOGY," was previewed at today’s press conference.Kim Youngseok (centre) and Wilfred Chung (right), Deputy Director and Project Manager of the Korea Trade-Investment Promotion Agency (KOTRA), together with guest host Annie Lee (left), introduce the highlights of the Korean Pavilion.Girl group VIVA wearing outfits from participating Korean brands at the press conference, showcasing the allure of Korean fashion.Artist Jeffrey Ngai introduces CENTRESTAGE's newly launched Hype² pavilion.Media enquiriesPURPLE:Fiona WongTel: (852) 9221 1056Email: fiona.wong@purplepr.comYannis SinTel: (852) 6226 3398Email: yannis.sin@purplepr.comHKTDC’s Communications & Public Affairs Department:Katy WongTel: (852) 2584 4524Email: katy.ky.wong@hktdc.orgJane CheungTel: (852) 2584 4137Email: jane.mh.cheung@hktdc.orgHKTDC Newsroom: https://mediaroom.hktdc.com/enAbout 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 LinkedInAbout Cultural and Creative Industries Development Agency (CCIDA)The Cultural and Creative Industries Development Agency (CCIDA), formerly known as Create Hong Kong (CreateHK) since 2009, was established in June 2024. CCIDA is a dedicated office under the Culture, Sports and Tourism Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR Government) to provide one-stop services and support to the cultural and creative sectors with a mission to foster a conducive environment in Hong Kong to facilitate development of the arts, culture and creative sectors as industries. CCIDA’s strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and multi-disciplinary collaboration, promoting industrialisation of the arts, culture and creative sectors under the industry-oriented principle, and fostering a creative atmosphere in the community, thereby reinforcing Hong Kong as Asia’s creative capital and our positioning as the East-meets-West centre for international cultural exchange.About Hong Kong Fashion FestAnnounced by the Hong Kong Special Administrative Region Chief Executive in the 2023 Policy Address, "Hong Kong Fashion Fest" will be organised to develop Hong Kong into a fashion design hub in Asia. Through consolidating various fashion design events and introducing innovative elements and affiliate activities annually, the Hong Kong Fashion Fest promotes Hong Kong’s fashion and textile design brands and boosts Hong Kong’s position as a prime destination for hosting mega cultural and creative events. Under the theme "Rhythm of the Heart", the third edition of Hong Kong Fashion Fest will be held from 1 to 14 September 2026 at various landmarks in Hong Kong. The event will bring together eight flagship programmes organised by six industry organisations and, for the first time, will be combined with CENTRESTAGE - the annual fashion extravaganza organised by the Hong Kong Trade Development Council - to generate stronger synergies. The event will attract fashion design industry players from all over the world to come to Hong Kong; foster collaboration, innovation and business opportunities; establish platform for local and international fashion designers and brands and connect with different sectors in the fashion design industry of Hong Kong, the Chinese Mainland and overseas, thereby consolidating Hong Kong’s position as the East-meets-West centre for international cultural exchange.Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Hua Medicine Announces 2026 Interim Results ACN Newswire

Hua Medicine Announces 2026 Interim Results

- Sales of HuaTangNing reached 3.055 million packs in the first half of 2026, representing a 73% year-on-year increase; revenue hit RMB378.9 million, up 74% year-on-year. The in-house commercialization drive maintained robust growth with continuously improved operational efficiency.- Expanded manufacturing scale lifted gross profit margin substantially to 61.8%, a year-on-year rise of 7.6 percentage points.- Profit generated from commercial operations doubled year-on-year, and loss narrowed markedly to RMB30.2 million after excluding one-off income, demonstrating a clear path to full-scale profitability.- Selling expense-to-revenue ratio stabilized at 33.5%, reflecting tangible gains from increased marketing efforts and streamlined operations.- Dorzagliatin secured marketing approvals in both the Hong Kong and Macao Special Administrative Regions of China; demonstrating our innovative business model is showing early success and marking a key milestone for global expansion.- A five-year patent term extension was granted for dorzagliatin, extending core patent protection to April 2034. The National Reimbursement Drug List price of the product will remain unchanged for 2026 and 2027, reinforcing long-term commercial profitability certainty.- Topline results from real-world studies further validated the broad applicability, safety and tolerability of dorzagliatin across diverse real-world patient populations.- Multiple combination therapy studies revealed synergistic metabolic benefits when dorzagliatin is paired with oral small-molecule GLP-1 receptor agonists, THR-β agonists and pan-PPAR agonists, tapping into development therapeutic potential in new disease areas including obesity and MASLD.- Clinical development of the second-generation GKA in the United States proceeded smoothly. R&D initiatives for new indications including MODY-2, diabetes prevention, neurodegenerative diseases and frailty were accelerated across the board.SHANGHAI, August 20, 2026 - (ACN Newswire via SeaPRwire.com) - Hua Medicine (the “Company”, HKEx: 2552) announced the unaudited consolidated results of the Company and its subsidiaries for the six months ended June 30, 2026 (the “Reporting Period”), as well as the Company's business progress during the first half of the year and future outlook. During the Reporting Period, HuaTangNing, dorzagliatin tablets), the Company’s core globally first-in-class oral anti-diabetic glucokinase activator (GKA), entered a rapid scale-up phase under proprietary commercialization. Revenue and gross profit both recorded substantial growth with sustained gross margin improvement. The Company achieved critical milestones in global expansion through the commercial launch of dorzagliatin in Hong Kong and Macao SARs. Multiple pivotal clinical datasets were presented at leading international academic conferences, delivering continuous breakthroughs across the full product pipeline. Core operating losses narrowed steadily, while robust cash reserves laid a solid foundation for the Group’s long-term sustainable growth.Dr. Li Chen, Founder and CEO of Hua Medicine, stated: “The first half of 2026 represents a pivotal stage for Hua Medicine as we translate original innovation into marketing value realization. Sales volume and revenue of dorzagliatin grew more than 70% year-on-year, gross margin surpassed 60%, and profit from commercial operations doubled compared with the same period last year. It validates the Company’s successful transition from R&D-innovation-driven growth to rapid commercial development in the chronic disease space. It fully demonstrates that domestically developed first-in-class drugs from China possess strong and sustainable market momentum, backed by national policies that support innovative drugs across the full-value chain. Meanwhile, dorzagliatin was successfully launched in Hong Kong and Macao SARs, officially kicking off our internationalization strategy anchored in Greater China with outreach to Southeast Asian, Spanish-speaking and Portuguese-speaking markets. Chinese original innovative medicines are now deeply participating in the global metabolic disease treatment landscape. Moving forward, rooted in glycemic homeostasis regulation, the Company will advance a new paradigm for diabetes homeostasis-targeted therapy featuring next-generation long-acting GKAs, fixed-dose combinations and combination therapies. We will build a human energy-metabolism health pipeline matrix covering disease prevention, special types of diabetes, fatty liver diseases and steatohepatitis, cognitive impairment and frailty. Leveraging artificial intelligence technologies, the Company will continuously expand the clinical boundaries and application scenarios of its glycemic homeostasis technology platform, and strive to bring China-originated innovative therapies to patients with metabolic diseases at home and abroad.”Business Highlights and Operational Progress1. Accelerated Proprietary Commercialization with Major Operational Efficiency Improvements- Rapid sales expansion. During the Reporting Period, we sold approximately 3,055,000 packs of HuaTangNing in the first half of 2026, up 73% from 1,764,000 packs sold during the same period in 2025. This rapid sales growth trajectory is further supported by the maintenance of China’s National Reimbursement Drug List (NRDL) price for the 2026 and 2027 calendar years. Regions that already led sales in 2025, coastal areas including Shanghai, Tianjin and Guangdong province and Beijing, continued to deliver strong growth during the reporting period, reflecting the substantial market potential for further market penetration and providing a solid basis for sustained strong growth in the future.- Markedly enhanced profitability driven by scale effects. Relying on expanded production capacity and optimized manufacturing processes, gross margin rose significantly from 54.2% in the first half of 2025 to 61.8%, up 7.6 percentage points; gross profit reached RMB234.3 million, a 99% year-on-year surge. Selling expenses totalled RMB126.9 million, with the ratio of selling expense to revenue standing at 33.5%. Our commercialization efforts achieved profit of approximately RMB107.4 million (as defined by gross profits less selling expenses), doubled from RMB53.7 million in the same period of 2025. as profitability from proprietary commercialization continues to materialize. - Normalized financial performance with healthy cash reserves. Loss before tax stood at approximately RMB30.2 million. Excluding the one-off release of contract liabilities in the corresponding period of 2025 following the termination of the Bayer contract, the loss for the current reporting period is expected to narrow by approximately RMB29.4 million as compared with the adjusted loss of approximately RMB59.6 million for the corresponding period in 2025. Fundamental business operations continued to improve. Cash balances were approximately RMB1,072.9 million as of June 30, 2026 a decrease of RMB19.4 million from bank balances and cash position as of December 31, 2025. Ample liquidity supports domestic market expansion, global clinical R&D, and overseas commercialization in Hong Kong, Macao and Southeast Asia. - Our commercialization team continued to scale. The professional sales team expanded to 187 product representatives, and 75 staff actively engaged in marketing, medical affairs and commercial operation as of June 30, 2026, representing growth of 93% and 79% respectively compared with the same period of 2025.2. Strengthened Core Intellectual Property Rights and Breakthroughs in Overseas Market Development- Marketing approvals secured and commercialization rolled out in Hong Kong and Macao. Dorzagliatin (brand names: MYHOMSIS(R) was approved for marketing in Hong Kong on February 2026 and in Macao on June 2026. The product has been distributed to hospitals and pharmacies in Hong Kong, with the first prescription issued in August 2026, providing a new treatment option for patients with Type 2 diabetes outside mainland China. - Patent term extension secured to boost long-term commercial certainty. In February 2026, the China National Intellectual Property Administration granted a five year patent term extension for dorzagliatin, extending core patent protection to April 2034.3. Real-World Clinical Evidence Reinforces the Product’s Differentiated ValueThe Group continued advancing post-marketing real-world studies of dorzagliatin to further validate its efficacy and safety profiles in complex patient cohorts.- Topline data released from large-scale multi-centre post-marketing real-world study HMM0601. At the 2026 ADA Scientific Sessions, the Company presented results from HMM0601, a large-scale post-marketing real-world study. Across 80 clinical centres in China, HMM0601 enrolled 2024 patients with Type 2 diabetes with mean disease duration of 7.9 years. Over the 52-week treatment period, no drug-related serious adverse events (SAEs) or episodes of severe hypoglycemia were observed; the incidence of clinically meaningful hypoglycemia was below 1%, and no new safety signals were identified compared with the Phase III clinical trials; HbA1c was significantly reduced from baseline, and the proportion of patients achieving HbA1c
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Emperor Watch & Jewellery Limited Announces 2026 Interim Results ACN Newswire

Emperor Watch & Jewellery Limited Announces 2026 Interim Results

Financial Highlights For the six months ended 30 JuneChanges2025HK$ million2026HK$ millionTotal revenue2,7942,934+ 5.0%Gross profit840969+ 15.4%Gross profit margin30.1%33.0%+ 2.9ppAdjusted EBITD 1297448+ 50.8%Net profit194318+ 63.9%Basic earnings per shareHK2.73 centsHK4.28 cents+ 56.8%Interim dividend per shareHK0.55 centsHK0.90 cents+ 63.6%1 Adjusted EBITD represents earnings before interest, tax and depreciation charge on the self-owned flagship store, which reflects the Group’s core operating performanceHONG KONG, August 20, 2026 - (ACN Newswire via SeaPRwire.com) - Emperor Watch & Jewellery Limited (“Group” or “Emperor W&J”) (Stock code: 887), a leading retailer of European-made watches and jewellery products, announced its interim results for the six months ended 30 June 2026 (“Period”).During the Period, the Group’s total revenue increased by 5.0% to HK$2,934 million (2025: HK$2,794 million). Revenue from Hong Kong increased by 11.1% to HK$1,771 million (2025: HK$1,594 million), accounting for 60.4% (2025: 57.1%) of total revenue, and revenue from the Chinese Mainland increased by 20.7% to HK$873 million (2025: HK$723 million), accounting for 29.8% (2025: 25.9%) of total revenue. Revenue from the watch segment increased by 9.8% to HK$1,866 million (2025: HK$1,700 million), accounting for 63.6% (2025: 60.8%) of the total revenue.The Group’s gross profit increased by 15.4% to HK$969 million (2025: HK$840 million) with an improved gross profit margin of 33.0% (2025: 30.1%). As a result, the Group’s net profit increased significantly by 63.9% to HK$318 million (2025: HK$194 million) during the Period. Basic earnings per share was HK4.28 cents (2025: HK2.73 cents). The Board declared an interim dividend of HK0.90 cents (2025: HK0.55 cents) per share.As at 30 June 2026, bank balances and cash on hand of the Group amounted to HK$1,573 million (31 December 2025: HK$1,610 million). Since the Group was in a net cash position, hence its net gearing ratio was zero (31 December 2025: zero).During the Period, the Group opened eight jewellery stores in the Chinese Mainland, which mainly in established first-tier or new first-tier cities. Apart from the jewellery stores, a multi-brand watch store was opened on Canton Road in Tsim Sha Tsui, Hong Kong. Subsequent to the Period, a multi-storey Rolex boutique was opened on Canton Road in Tsim Sha Tsui, further strengthening the Group’s leadership position in the market. As at 30 June 2026, the Group had a total of 69 stores in Hong Kong, Chinese Mainland, Macau, Singapore and Malaysia.Ms. Cindy Yeung, Chairperson of Emperor W&J, said, “Considering several favourable factors such as a continued rebound in the stock market and higher tourist spending in Hong Kong, it is expected that the Hong Kong economy will remain resilient in the second half of 2026. In recent years, consumer behaviours have become more sophisticated, especially in the luxury market. Personalised and premium customer services as well as luxurious shopping environments are expected. In this regard, the Group has opened multi-storey Rolex boutiques in Beijing in the Chinese Mainland and Tsim Sha Tsui in Hong Kong, aiming to enhance its customers’ shopping experience and strengthen its foothold in the luxury watch market. In respect of the jewellery business, the Group has been actively exploring intellectual property (IP) collaboration opportunities in order to tap into the younger consumer market; in the meantime, gold jewellery has gained immense popularity among consumers and is gradually transforming into daily wearable accessories. The Group will therefore continue expanding its jewellery business segment, to seize market opportunities and elevate the brand presence.”About Emperor Watch & Jewellery LimitedWith long establishment history of over 80 years in Hong Kong since 1942, Emperor W&J (887.HK) is a leading retailer principally engages in the sale of European-made internationally renowned watches, and jewellery products under its own brand, “Emperor Jewellery”. Through its comprehensive watch dealership, unique marketing campaigns and extensive retail network at prime locations in Hong Kong, Chinese Mainland, Macau, Singapore and Malaysia, Emperor W&J established a strong brand image amongst its target customers ranging from middle to high income groups worldwide. In recognition of its efforts in investor relations communications, Emperor W&J was granted with “Best IR Company” (Small Cap), “Best IR Team” (Small Cap) and “Best Investor Presentation Material” (Small cap) in HKIRA Investor Relations Awards 2026 by the Hong Kong Investor Relations Association. For more information, please visit its website: www.EmperorWatchJewellery.com.Investor/Media EnquiriesAnna LukGroup Investor Relations DirectorTel: +852 2835 6783Email: annaluk@emperorgroup.comJanice AuGroup Investor Relations ManagerTel: +852 2835 6799Email: janiceau@emperorgroup.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Guoquan Reports 22% Revenue Growth in 1H2026, Existing Franchised Stores Sales up 7.4%, Farm GMV Soars Over Sixfold

HONG KONG, August 20, 2026 - (ACN Newswire via SeaPRwire.com) - Recently, Guoquan Food (02517) announced its interim results for the six months ended 30 June 2026. The Group recorded revenue of RMB3,947 million, representing an increase of 21.8% year-on-year. Gross profit was RMB849 million, up 18.3% year-on-year, and net profit was RMB213 million, up 12.1% year-on-year. Core operating profit (non-IFRS measure) amounted to RMB225 million, up 18.3% year-on-year, representing a core operating profit margin of 5.7%.Existing Franchised Stores Sales up 7.4%; Large-Store Remodelling Reshapes Per-Store ValueWhen assessing the operational quality of a chain retail enterprise, sales of products to existing franchised stores are a more meaningful metric than new store opening numbers. As of 30 June, the Group had a total of 12,198 stores, representing a net increase of 1,798 stores. During the period, 365 stores were closed, with a store closure rate of below 3%. Revenue from existing franchised stores amounted to RMB2,581 million, representing a year-on-year increase of 7.4%. Excluding the impact of new store ramp-up, this indicates that the existing franchised store network still possesses organic growth momentum.Behind the growth of existing franchised stores, large-store remodelling served as the primary driver. In the first half of the year, 684 stores completed the upgrade to the large-store model. This upgrade is not simply about expanding floor space, but rather about using larger physical space to accommodate a wider range of categories and extended operating hours – expanding consumption scenarios from hotpot and barbecue to cover all daily meal occasions, and upgrading stores from mere ingredient sales points into comprehensive community family dining entry points.Penetration into lower-tier markets progressed simultaneously. The number of stores in township markets reached 3,377. By precisely targeting these markets with high-cost-performance bulk-sale items and large-pack family packs, the “one store per town” strategy taps into the vast hinterland of approximately 38,000 townships nationwide, with penetration potential far from being exhausted.Farm Business Grows Over Sixfold, New Growth Engine Takes ShapeOnline and membership data also recorded rapid growth. Registered members reached approximately 82 million, representing a year-on-year increase of 63.0%. Member consumption accounted for 73.2% of total sales, up 12 percentage points year-on-year, indicating that the revenue structure is increasingly concentrated among highly loyal customer groups. The Douyin channel saw significant growth: platform exposure exceeded 6.97 billion views, up 117.8% year-on-year; store GMV on Douyin reached RMB910 million, up 97.2%, initially forming a closed loop between online traffic and offline conversion.Guoquan Farm was the fastest-growing business segment during the period. Its omni-channel paid GMV reached RMB240 million, up over 600% year-on-year, and it brought in over 1.92 million new members for the stores. This model does not set up an independent e-commerce platform; instead, it leverages the existing store network as front-end warehouses and pickup points, while online content seeding and traceability livestreams drive traffic, forming a closed loop of “direct sourcing – content seeding – online ordering – in-store pickup”, which theoretically reduces marginal costs. Among best-selling products, the Golden Pillow Durian Pulp attracted a total of 1.559 million buyers, with a repurchase rate of 22.06%, and also boosted sales of related categories such as durian mille-crêpe cakes, Beihai cooked salted duck eggs, and crispy ice cream. In August, the “Grassland Sheep Traceability” livestream achieved over 8.09 million total exposures within three hours, with a peak concurrent viewership of 173,000.The Farm model completely removes the physical constraints of store floor space and freezer capacity from Guoquan’s category boundaries – the “infinite shelf” combined with a 10,000-store fulfilment network represents a critical leap forward in its transformation from a hotpot ingredient retailer to a full-category platform for home dining.Institutionalised Return Mechanisms; Hong Kong Flagship Store LaunchedThe Board proposed the payment of an interim dividend of RMB0.0503 per ordinary share (tax inclusive), totalling approximately RMB128 million. During the period, the Group repurchased a total of 82,201,200 H shares on the Stock Exchange at an aggregate consideration of approximately HK$192 million. The dividend together with the share buybacks amounted to approximately RMB296 million, equivalent to 139.9% of the profit attributable to owners of the parent for the period (RMB211 million). The shareholder return ratio increased from 5.6% in 2024 and 2025 to 7.1%.In addition to the amount, the Board also approved the 2026 H-Share Equity Incentive Plan, which adopts core operating profit as the performance indicator. The reference target values for the years 2026 to 2030 are set to gradually increase from no less than RMB600 million to no less than RMB1.2 billion. By anchoring the assessment to profit rather than revenue or store count, the plan helps guide management to focus on profitability, better aligning management’s interests with those of shareholders. The high dividend payout provides immediate returns, while the equity incentive focuses on long-term growth.The Hong Kong flagship store opened on 18 August, serving as the first stop for the brand’s overseas expansion. Its positioning is not rapid replication, but rather validating the large-store model in high-tier cities and localised supply chain capabilities. According to publicly available data, the Greater Bay Area, with a population of 87 million and an economic aggregate of RMB15 trillion, coupled with the logistics efficiency of the “one-hour living circle”, provides ample room for subsequent regional deepening.Integrated Manufacturing-Retail Closed Loop; Synergies Gradually UnfoldingLinking these strategies together is the “manufacturing-retail integration” capability that Guoquan has built over the years. On the front-end “retail” ecosystem – community stores, township stores, large stores, camping stores, stir-fry stores, flash delivery, and Farm – it reaches consumers, understands scenarios, and accumulates member data. On the back-end “manufacturing” ecosystem – seven ingredient production facilities covering core categories such as seasonings, beef, surimi, and aquatic products, with a “single product, single factory” strategy complemented by digitalised central warehouses – it converts front-end demand into scaled product supply. During the period, external sales from the industrial end increased by 20.7% year-on-year, reflecting the potential for the supply chain capability to be externally deployed. The Danzhou Industrial Park in Hainan was topped out, Heyi Meat’s Phase II commenced production, and the Daixiaji Zhangzhou factory was contracted, indicating that the production capacity landscape continues to expand.Looking ahead to the second half of 2026, with the continued replication of the large-store model, the regular operation of the Farm traceability IP, and the gradual accumulation of operating data from the Hong Kong flagship store, Guoquan is expected to gain clearer market recognition of its positioning as a “home dining infrastructure platform”. From a 10,000-store scale to an ecosystem platform, Guoquan’s strategic transformation is entering a substantive realisation phase. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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HELP Therapeutics Announces Nature Medicine Has Published HiCM-188 Clinical Trial Data for Advanced Ischemic Heart Failure ACN Newswire

HELP Therapeutics Announces Nature Medicine Has Published HiCM-188 Clinical Trial Data for Advanced Ischemic Heart Failure

NANJING, CHINA, August 20, 2026 - (ACN Newswire via SeaPRwire.com) - Aug 19, HELP Therapeutics today announced the Nature Medicine publication of 12-month results from the HEAL-CHF clinical trial evaluating HiCM-188, an investigational allogeneic human iPSC-derived cardiomyocyte (hiPSC-CM) therapy for the treatment of severe ischemic heart failure. The randomized controlled trial enrolled 20 patients, assigned 1:1 to receive either coronary artery bypass grafting (CABG) alone or CABG combined with transepicardial HiCM-188 injection. The study achieved both pre-specified primary safety endpoints, demonstrating no treatment-related tumor formation through 12 months and no sustained ventricular tachycardia through 6 months. At 12 months, 90% of patients receiving transepicardial HiCM-188 injection combined with (CABG improved to NYHA Class II, versus 60% of patients in the CABG-only group.."HEAL-CHF provides the first clinical evidence that delivering HiCM-188 intraoperatively during CABG may combine the benefits of revascularization with myocardial regeneration," said Professor Dongjin Wang, Lead Author and Director of the Department of Cardiothoracic Surgery at Nanjing Drum Tower Hospital. "Over 12 months, we observed no serious cell-related adverse events alongside encouraging signs of reverse cardiac remodeling. Given the substantial global burden of heart failure and the persistent shortage of donor hearts, regenerative approaches like HiCM-188 have the potential to fill a critical unmet need for patients living with end-stage disease.""The publication of the HEAL-CHF study in Nature Medicine reflects years of dedication to advancing breakthrough stem cell technologies into clinically validated therapies," said Dr. Eugene Jiaxian Wang, Chief Executive Officer of HELP Therapeutics. "With our pivotal Phase III trial now enrolling patients in China and our Phase I program initiating in the U.S., we are eager to maintain this momentum as we work toward bringing a new regenerative medicine breakthrough to heart failure patients worldwide."About HiCM-188HiCM-188 is an investigational allogeneic human induced pluripotent stem cell-derived cardiomyocyte (hiPSC-CM) therapy designed as a standardized, off-the-shelf product for scalable manufacturing and distribution. HiCM-188 is the first iPSC-derived cardiomyocyte therapy worldwide to obtain Investigational New Drug (IND) clearances from both the U.S. FDA and China's NMPA. It is currently being evaluated in a multicenter Phase III trial in China led by TEDA International Cardiovascular Hospital, and a Phase I trial in the United States at the Texas Heart Institute.About HELP TherapeuticsFounded in 2016, HELP Therapeutics is a global clinical-stage biopharmaceutical company developing iPSC-based cell therapies for cardiovascular and other degenerative diseases. The company leverages proprietary off-the-shelf cell therapy platforms and national iPSC bank infrastructure to ensure scalable clinical and commercial delivery. HELP Therapeutics has established a commercialization partnership with China Resources Sanjiu Medical & Pharmaceutical Co., Ltd. (SZSE: 000999) to build out distribution infrastructure in China. For more information, please visit https://en.helptherapeutics.com.Disclosure NoticeThe information contained in this release is as of August 19, 2026. HiCM-188 is an investigational product and has not been approved for commercial use by the U.S. Food and Drug Administration, China National Medical Products Administration, or any other regulatory authority. This release contains forward-looking statements regarding HiCM-188, including potential clinical benefits and regulatory development timelines, which involve substantial risks and uncertainties that could cause actual results to differ materially.References & Publication Details1.Journal: Nature Medicine (2026) DOI: 0.1038/s41591-026-04605-12.Clinical Trial Registry: ClinicalTrials.gov (NCT03763136)3.Ethics Approval: Nanjing Drum Tower Hospital IRB (No. SC202000102); National Health Commission of China (MR-32-21-014649) Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Bank of Chongqing Stands Alone Among China’s 42 A-Share-Listed Banks: What Sets It Apart?

HONG KONG, August 20, 2026 - (ACN Newswire via SeaPRwire.com) -1. Revenue: Net Interest Income Drives Growth; Fee-Income Volatility Mirrors Broader Industry TrendsBank of Chongqing's headline revenue figures provide a useful starting point.In 2025, the bank reported revenue of RMB 15.113 billion, up 10.48% year on year, while net profit attributable to shareholders rose 10.49% to RMB 5.654 billion.The momentum carried into the first quarter of 2026. Revenue increased 11.57% to RMB 3.996 billion and net profit rose 11.22% to RMB 1.898 billion, marking another quarter of double-digit growth in both metrics.Preliminary results for the first half of 2026 showed revenue of RMB 8.486 billion, up 10.80% year on year; profit before tax of RMB 4.081 billion, up 7.82%; and net profit attributable to shareholders of RMB 3.518 billion, up 10.28%. This marked a fourth consecutive quarter of double-digit growth in both revenue and attributable net profit, making Bank of Chongqing the only bank among the 42 listed on China's A-share market to do so.A closer look at the revenue mix shows that net interest income has been the principal growth engine. It reached RMB 12.459 billion in 2025, an increase of 22.44%. The momentum remained firm in 2026, with first-quarter net interest income rising 12.83% to RMB 3.548 billion, pointing to another solid first-half performance.As a locally rooted city commercial bank, Bank of Chongqing has played an active role in supporting the Chengdu-Chongqing Economic Circle and the New International Land-Sea Trade Corridor. Growth backed by strong demand from the real economy is more sustainable and gives the bank a defensible revenue base in an increasingly competitive market.Fee and commission income tells a different story. Banks' fee businesses have entered a period of deep adjustment amid tighter enforcement of rules requiring reported bancassurance commission rates to match actual payments, lower mutual-fund distribution fees, and volatility in wealth-management markets. Sharper swings in wealth-management markets produced a marked divergence in fee income among listed city commercial banks in 2025. Against the backdrop of interest-rate liberalization, while a handful of institutions continued to grow on the back of the sector's winner-takes-more dynamics, the industry remained broadly under pressure, with several listed city commercial banks recording declines of around 30% in net fee and commission income. Bank of Chongqing held up relatively well: the decline in its fee income narrowed in 2026, with early signs of stabilization and recovery.The bank has also made headway in improving the quality of its fee income. In 2025, it ranked first in Chongqing by non-financial corporate bond underwriting volume, market share, and number of issues. It also led locally incorporated financial institutions across western China. In trade finance, cross-border renminbi settlement volume increased by more than 120% year on year. These higher-quality fee income streams, underpinned by stronger service capabilities, are gradually displacing traditional conduit business and emerging as a new growth driver.Net interest margin, or NIM, rose to 1.39% in 2025 from 1.35% in 2024, an increase of 4 basis points. A breakdown of asset yields and funding costs shows what drove the improvement:Although the average yield on loans fell by 12 basis points, the average cost of deposits declined by 37 basis points. The larger reduction in funding costs offset downward pressure on asset yields, enabling the bank to deliver a stronger improvement in NIM than the industry average and highlighting more effective management of deposit pricing.Total assets reached RMB 1.034 trillion at the end of 2025, up 20.67%, taking the bank above the RMB 1 trillion threshold. Expansion continued in 2026: assets rose to RMB 1.108 trillion at the end of March, up 7.20% from year-end, and to RMB 1.109 trillion at the end of June, up 7.27% from end-2025. Market observers see the bank's growth potential at its new scale as evidence that its “Five Highs” operating strategy, centered on ambitious goals, strategic transformation, efficient operations, quality service, and high-quality growth, is gaining traction. Through greater efficiency and higher-value services, Bank of Chongqing has achieved a step-change in scale and built a more differentiated competitive position as it moves toward the ranks of leading listed commercial banks.As a locally rooted financial institution, Bank of Chongqing has anchored its growth in China's Western Development strategy and achieved a step-change in scale as it grew in tandem with the regional economy.Outstanding corporate loans rose 30.95% year on year at the end of 2025. Backed by coordinated execution across the organization, credit was directed to national priorities including the Chengdu-Chongqing Economic Circle and the New International Land-Sea Trade Corridor, as well as Chongqing's '33618' modern manufacturing cluster system. The annual report showed a 60% increase in outstanding loans to technology-based enterprises and 40% growth in green lending. Manufacturing loans posted their largest absolute increase and fastest growth in five years. Outstanding financing in support of the New International Land-Sea Trade Corridor exceeded RMB 55 billion. This lending not only supports the real economy but also embeds the bank more deeply in customers' transaction flows, helping it attract substantial low-cost demand deposits as its balance sheet expands.2. Risk: Broad-Based Improvement in Forward-Looking Indicators Reinforces Asset QualityBank of Chongqing has put its belief that 'risk management creates value' into practice by upgrading its risk controls and steadily reducing risk exposure. At the end of 2025, the non-performing loan ratio fell by 11 basis points year on year to 1.14%. More importantly for investors, forward-looking asset-quality indicators improved in tandem: the special-mention loan ratio and overdue loan ratio declined by 70 basis points and 37 basis points from the start of the year to 1.94% and 1.36%, respectively.Asset quality improved further in the first quarter of 2026. At the end of March, the non-performing loan ratio fell by another 2 basis points to 1.12%, while the provision coverage ratio rose by 1.02 percentage points from year-end to 246.60%. The continued improvement in these forward-looking indicators, together with steadily rising provision coverage, reduces the risk of potential problem loans migrating into the non-performing category, strengthens the margin of safety, and highlights the bank's capacity to absorb credit risk.3. Institutional Views: Capital Replenishment Potential and the Case for a Valuation Re-ratingAt the end of 2025, the bank's core Tier 1 capital adequacy ratio stood at 8.53%. Rapid asset growth has consumed some capital, but the bank's RMB 13 billion convertible bond is now in its conversion period. Chongqing Expressway Group's decision to convert its holdings into shares may be only the beginning.By the end of March 2026, the bank's core Tier 1 and total capital adequacy ratios had risen to 8.67% and 12.57%, respectively. Institutional estimates suggest that full conversion of the remaining bonds could materially strengthen capital and create room for continued balance-sheet expansion during China's 15th Five-Year Plan period.After Bank of Chongqing released its annual and first-quarter reports, the market response was broadly positive. Analysts at CITIC Securities, China Merchants Securities, Zhongtai Securities, Guotai Haitong Securities, China Galaxy Securities, and Zheshang Securities published a series of follow-up notes, with ratings ranging from Buy and Overweight to Recommend and Outperform.The common thread across the reports was that the bank's move beyond RMB 1 trillion in assets was not simply a story of scale; it was also accompanied by tangible progress in lowering funding costs and improving asset quality.4. Conclusion: A Clear Case for a Return to a More Reasonable ValuationTaken together, Bank of Chongqing's performance in 2025 and the first half of 2026 points to several positive shifts: assets have crossed RMB 1 trillion, revenue and profit growth have returned to double digits, NIM has bottomed and begun to recover, and risk indicators continue to decline. These stronger fundamentals could increasingly feed through to the bank's market valuation.According to a June 9 report by BOCOM International, the banking sector was trading at between 0.5 and 0.8 times book value, near the bottom of its valuation range. That has sharpened investor focus on listed banks' share-price performance and market-capitalization management practices.Changjiang Securities argues that a turning point in fund flows into bank stocks is already in place. Broad-based index funds tracking the CSI 300 recorded net outflows of nearly RMB 1 trillion in the first half of 2026, while active mutual funds' exposure to banks fell to a record low. The brokerage believes the impact of those reductions has now been fully absorbed, and that bank valuations will enter a slow, gradual recovery from the second half of 2026.With sector NIMs stabilizing and earnings expectations improving, high-quality regional city commercial banks are drawing renewed institutional interest. As confidence in Bank of Chongqing's re-rating case grows, a higher weighting in institutional portfolios, together with the stock's high dividend yield and low valuation, could help the shares move decisively out of undervalued territory and toward a more reasonable valuation. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Addressing Cross-Border Transit Demand at the New Huanggang Port: Weixin Pay, Wonder and Koon Wing Motors Join Forces to Introduce ‘Wonder Transit X’ Smart Mobility Platform, Driving Digital Transformation of Green Minibuses and Fostering Public Transit Integration Between HK and the Chinese Mainland ACN Newswire

Addressing Cross-Border Transit Demand at the New Huanggang Port: Weixin Pay, Wonder and Koon Wing Motors Join Forces to Introduce ‘Wonder Transit X’ Smart Mobility Platform, Driving Digital Transformation of Green Minibuses and Fostering Public Transit Integration Between HK and the Chinese Mainland

HONG KONG, August 20, 2026 - (ACN Newswire via SeaPRwire.com) - With the imminent inauguration of the new Huanggang Port, cross-border transport demand between Shenzhen and Hong Kong is set to rise further. To drive the digital transformation of Hong Kong’s green minibuses and facilitate cross-border travel between Hong Kong and the Chinese Mainland, Wonder (the “Company”), a leading FinTech and payments platform for merchants in Hong Kong and Asia-Pacific region, Weixin Pay, and Koon Wing Motors reached a cooperation intention at the “Hong Kong Minibus Smart Transit Cooperation Signing Ceremony” held on 18 August 2026. This cooperation marks a pivotal milestone in the integration of public transportation between Hong Kong and the Chinese Mainland. By deploying the Wonder Transit X smart mobility platform across Hong Kong’s green minibus network, the initiative will comprehensively drive innovation in smart payments, smart ticketing, and digital operations, delivering a seamless, frictionless commuting experience for local residents and cross-border passengers, further deepening the integration of FinTech with Hong Kong’s public transit sector. Under the cooperation agreement, Wonder Transit X will be integrated into the green minibus fleet operated by Koon Wing Motors, seamlessly bridging Weixin Pay, Wonder’s smart mobility solutions, and the local green minibus network. In particular, routes servicing the new Huanggang Port will introduce Wonder Transit X to support a versatile array of electronic payment methods, including Weixin Pay, thereby streamlining cross-border commutes for both tourists and local residents. This cooperation will introduce various digital payment options and digital operational capabilities to these critical routes, elevating the passenger journey while empowering operators to optimize ticketing, transaction processing, and daily administrative efficiency. This deployment signifies the official expansion of Wonder Transit X into Hong Kong’s green minibus sector, laying a solid foundation for the digital transformation of local public transport.Wayne Chen, Regional Head of Hong Kong, Macau and Taiwan, Weixin Pay, said, “Minibuses are a cornerstone of Hong Kong's transit infrastructure, essential for both the immersive travel experiences of tourists and the everyday needs of Greater Bay Area residents. We believe this cooperation with Koon Wing Motors will significantly optimize transit efficiency, eliminate the friction of cash handling, and digitally transform the 'last mile' of cross-border connectivity.”Ma Kiu Sang, Director of Yan Yan Motors Ltd., a subsidiary of Koon Wing Motors, said, “To enhance the commuting experience for passengers utilizing our green minibuses post-clearance at the Heung Yuen Wai and new Huanggang ports, we have upgraded our fleet with a state-of-the-art digital payment system. In addition to Octopus, cross-border passengers can now pay fares using Weixin Pay, credit cards and a wide array of digital payment methods, making every journey smoother and more convenient.”Jason Ngan, Founder and CEO of Wonder, said, “This cooperation underscores Wonder’s unwavering commitment to advancing smart city infrastructure through FinTech. By integrating Wonder Transit X into an expanding network of green minibuses, we are delivering more accessible, diversified, and globally recognized payment options to passengers, while injecting fresh impetus into the digital transformation of Hong Kong’s public transit system. Whether serving local residents, mainland visitors, or international tourists, our platform ensures everyone can utilize their preferred payment methods for a frictionless and inclusive travel experience. Given the intensifying cross-border connectivity, incorporating commonly used payment tools in the Chinese Mainland like Weixin Pay into minibus routes connecting port-adjacent communities directly addresses the pragmatic needs of cross-border passengers. We look forward to working with Weixin Pay and Koon Wing Motors to seamlessly integrate smart payment capabilities into the daily commutes of Hong Kong citizens and facilitating cross-border travel, further cementing Hong Kong's leading position as an international smart city.” Wayne Chen (left), Regional Head of Hong Kong, Macau and Taiwan, Weixin Pay; Ma Kiu Sang (center), Director of Yan Yan Motors Ltd., a subsidiary of Koon Wing Motors; and Jason Ngan (right), Founder and CEO of Wonder, are pictured at the Hong Kong Minibus Smart Transit Cooperation Signing Ceremony.Digitalizing Public Transit: Elevating the Passenger Experience and Operational EfficiencyPublic transportation is an integral component of daily life in Hong Kong. In tandem with ongoing smart city initiatives, the digital transformation of public transit has become paramount. This cooperation will bring significant convenience to passengers on the relevant green minibus routes. Local residents, Mainland visitors and international travelers can seamlessly settle fares using a comprehensive suite of digital payment solutions tailored to their preferences, including Weixin Pay, PayMe, UnionPay, UnionPay app, JCB, Visa, Mastercard, Discover and Diners, and BOC Pay. This effectively eliminates the reliance on cash and exact change—a critical advantage during peak transit hours and short-haul journeys. Furthermore, digital payments ensure transparent transaction records and instant confirmation, granting passengers peace of mind and real-time visibility into their fare expenditures. Over the long term, this cooperation will drive the modernization of minibus services, aligning them more closely with the contemporary needs of the public. Beyond serving local communities, this cooperation significantly refines the cross-border travel experience between Hong Kong and Chinese Mainland. Specific routes act as vital arteries connecting border communities, offering essential transit links for frequent cross-border travelers. Notably, as a flagship infrastructure project between Shenzhen and Hong Kong, the new Huanggang Port's connecting minibus routes will feature this diversified digital payment system. Mainland visitors can utilize familiar platforms such as Weixin Pay, mitigating the friction of acquiring Hong Kong currency upon arrival and ensuring a fluid transit experience. As minibus services increasingly integrate with border checkpoints, community transit hubs, and broader railway networks, this streamlined payment infrastructure will be instrumental in enhancing cross-border travel convenience.For operators, the Wonder Transit X platform centralizes fare configuration, transaction logging, and operational data analytics, substantially reducing administrative overhead. The system dynamically accommodates complex fare structures across varying routes, section fares, and passenger categories, supporting fare collection and management for various ticket types including adults, children and seniors. Leveraging robust digital transaction ledgers and backend administrative tools, operational teams can gain better insights into transaction and operational conditions across various routes, laying the groundwork for digital fleet management and service optimisation, ultimately elevating the experience for both frontline drivers and passengers. Green minibuses under Koon Wing Motors now feature a new electronic payment system supporting a wide range of payment methods including Weixin Pay, PayMe, UnionPay, UnionPay app, JCB, Visa, Mastercard, Discover and Diners, and BOC Pay.Wonder Transit X: “Any Payments. Any Transportation.”Wonder Transit X is a comprehensive, all-in-one smart payment platform engineered specifically for the transit sector. Anchored by the product philosophy of “Any Payments. Any Transportation.”, it integrates passenger payment processing, fare routing rules, transaction confirmation, and fleet management into a single platform. The platform is designed to deliver a streamlined, intuitive, and secure payment experience for commuters, while simultaneously empowering operators with robust tools for managing complex fare structures, transaction records, and day-to-day fleet operations. Beyond green minibuses, Wonder Transit X is also capable of supporting various modes of transport and integrating with existing transport systems, making it highly adaptable for taxis, ferries, and broader public transit applications. Smart Upgrades for Green Minibuses: A Benchmark for Public Transit DigitalizationThis cooperation illustrates the seamless expansion of smart transit platforms from fundamental payment gateways into comprehensive ticketing and operational management solutions. By unifying payment processing, fare structuring, and operational analytics, the platform fosters a more efficient, intelligent, and sustainable public transit model. This implementation will serve as a benchmark and operational blueprint for other public transport operators considering smart mobility solutions in the future. Through this cooperation, Weixin Pay is extending its frictionless payment ecosystem deeper into daily commuting scenarios. Passengers utilizing Weixin Pay will benefit from the enhanced convenience of using their preferred payment option on designated green minibuses. Ultimately, this cooperation not only accelerates the digital transformation of Hong Kong’s green minibuses but also enhances cross-border mobility by optimizing the transit payment experience at border checkpoints. It simultaneously promotes the growth of Hong Kong's local payment ecosystem, cross-border payment convenience, and smart mobility services, injecting new momentum into Hong Kong's smart city development.Green minibus routes operated by Koon Wing Motors serve vital port-adjacent communities, delivering a smart travel experience for cross-border passengers traveling between Hong Kong and the Chinese Mainland.Wonder: Committed to “Making Payments Simple” Through TechnologyAs a leading FinTech platform serving businesses in Hong Kong and the Asia-Pacific region, Wonder's mission is to "make payments simple", leveraging technology to simplify payment processing, collections, and capital management. The platform integrates online and offline collections, corporate accounts, digital payments, business expense management, transaction management, and digital financial services. Furthermore, it supports digital onboarding, e-KYC, instant settlement, and SME financing. Through these solutions, Wonder empowers businesses to maximize operational efficiency and expand their payment capabilities across diverse sectors, spanning business operations, public services, and daily mobility. Backed by robust technological capabilities and a culture of innovation, Wonder has achieved notable milestones in recent years, including: secured a USD6 million Series A funding round led by Hong Kong Telecom (HKT) / PCCW in 2019; introduced the T+0 instant settlement for digital taxi payments in Hong Kong in 2023, accelerating daily fare reconciliation for drivers; recognized as the first FinTech firm authorized by the Hong Kong Transport Department to deploy digital payment acceptance infrastructure within taxis in 2024; appointed as Octopus's inaugural omnichannel payment service provider in Hong Kong, enabling merchants to seamlessly accept Octopus and over 30 alternative payment methods via a unified platform; and successfully raised a USD12 million venture debt from HSBC Innovation Banking in February 2026 to support business growth across the Asia-Pacific region and product development.Please click here to download the high-resolution images.About WonderWonder is a leading payments and FinTech platform for merchants in Hong Kong and the Asia-Pacific region, dedicated to leveraging technology to simplify payment processing, collections, and capital management for businesses across all industries. The platform provides one-stop payment, capital management and digital financial solutions for merchants and enterprises of varying scales, encompassing online and offline collections, corporate accounts, digital payments, business expense management, transaction management, and instant settlement. Wonder is Hong Kong’s first full-stack omnichannel payments platform, allowing merchants to complete KYC onboarding digitally in minutes, open an account, accept payments, pay digitally, and manage transactions, all from a single platform. Key products include Wonder App, Wonder Terminal, Wonder Dashboard, Wonder Card, Wonder Taxi, and Wonder Transit X.Headquartered in Hong Kong, Wonder completed a USD6 million Series A funding round led by Hong Kong Telecom (HKT) / PCCW and raised a USD12 million venture debt from HSBC Innovation Banking. The Company has offices in Hong Kong, Japan, Taiwan, Singapore, Malaysia and the Chinese Mainland, continuously driving the advancement of payments, FinTech, and digital operational services across Asia. For more information, please visit https://wonder.app.About Weixin PayWeixin Pay is the mobile payment solution integrated within the Weixin/WeChat application and is one of China's leading mobile payment services. Its mission is to provide users and businesses with secure, convenient, and professional payment experiences. In China, Weixin Pay covers nearly every aspect of daily life, both online and offline. The cross-border Weixin Pay service is available in 78 countries and regions, supports 36 currencies, and covers a wide range of scenarios including restaurants, retail, transportation, tourism attractions, and education payments - helping international merchants effectively serve Chinese consumers.About Koon Wing MotorsKoon Wing Motors manages a comprehensive network of green minibuses across Hong Kong, serving as a long-standing transit provider for local residents. Capitalizing on extensive expertise in green minibus fleet management and operations, Koon Wing Motors remains steadfastly committed to enhancing the accessibility and reliability of public transportation, delivering a seamless, frictionless commuting experience for local residents and cross-border passengers.For media enquiries, please contact:Frement Financial PR TeamTel: (852) 9461 9199 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Hengrui Pharma Reports 2026 Interim Results as Innovation and Globalization Continue to Drive Business Momentum ACN Newswire

Hengrui Pharma Reports 2026 Interim Results as Innovation and Globalization Continue to Drive Business Momentum

HONG KONG, August 19, 2026 - (ACN Newswire via SeaPRwire.com) - Hengrui Pharma (“Hengrui” or “the Company”) today announced its financial results for the first half of 2026. During the reporting period, innovative drugs remained the Company’s key growth driver, while globalization initiatives continued to validate the global value of Hengrui’s innovation portfolio.Financial HighlightsIn the first half of 2026, Hengrui reported revenue of RMB15.46 billion. Drug sales revenue was RMB13.95 billion, representing a year-over-year increase of 1.87%. Innovative drug sales increased by 16.38% year-over-year and accounted for 63.16% of total drug sales, with non-oncology innovative drug sales increasing by 73.97% year-over-year and emerging as an increasingly important growth driver.Net profit attributable to shareholders of the listed company was RMB4.47 billion, up 0.34%. R&D investment totaled RMB4.61 billion, representing 29.8% of revenue.Pipeline and Regulatory HighlightsHengrui continued to advance its pipeline in China during the reporting period, obtaining seven innovation-related approvals, including two Class 1 innovative medicines, one Class 2 innovative medicine and four additional indications. At the end of the reporting period, nine marketing applications had been accepted for review by China’s National Medical Products Administration, while 17 clinical programs had advanced to Phase III, 22 to Phase II, and 10 innovative assets had entered Phase I clinical development.Hengrui also reported progress across its metabolic pipeline. Two Phase III studies of ribupatide injection, a GLP-1/GIP dual receptor agonist, in China for type 2 diabetes reported positive topline results, supporting a planned NDA submission. HRS-7535, an oral small molecule GLP-1 receptor agonist, met all primary and key secondary endpoints at Week 44 in a China Phase III obesity study, with continued weight loss through Week 50 and mean body-weight reduction of up to 11.1%. An NDA submission is planned.Global Partnerships and Business DevelopmentHengrui continued to advance its globalization strategy through diversified collaboration models. Since 2023, the Company has completed 13 overseas business development transactions, including out-licensing, NewCo and strategic alliances, with a total potential transaction value of approximately US$42 billion. These collaborations include leading global pharmaceutical companies such as BMS, GSK and others.Among the diversified collaboration models Hengrui has explored, NewCo has also seen important progress in 2026. Kailera Therapeutics completed its Nasdaq IPO in April 2026, becoming one of the largest biotech IPOs at the time. Braveheart Bio also successfully listed on the Nasdaq Global Market on August 6, 2026.Scientific RecognitionDuring the reporting period, 204 research findings related to Hengrui products were published in academic journals and received international recognition. Hengrui participated in the American Society of Clinical Oncology Annual Meeting for the 16th consecutive year, with 91 studies accepted, including 11 oral presentations—a new high for the Company. Research in non-oncology areas was also presented at major international congresses, including the American Diabetes Association, International Stroke Conference, World Congress of Nephrology, American College of Cardiology, American Academy of Dermatology, and European Alliance of Associations for Rheumatology.OutlookLooking ahead, Hengrui will continue to advance its innovation and globalization strategy, while further pursuing its dual-growth strategy across oncology and chronic diseases. The Company will strengthen its global R&D capabilities, pursue diversified international collaboration models, and continue to focus on delivering sustainable long-term value and bringing more high-quality innovative therapies to patients worldwide. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Onchain Foundation Becomes Strategic Shareholder of Trust Square Ecosystem AG to Accelerate Global Innovation Platform ACN Newswire

Onchain Foundation Becomes Strategic Shareholder of Trust Square Ecosystem AG to Accelerate Global Innovation Platform

ZURICH, SWITZERLAND, Aug 19, 2026 - (ACN Newswire via SeaPRwire.com) - Trust Square Ecosystem AG today announced that the Onchain Foundation has become a strategic shareholder of the company through a strategic investment, marking a significant milestone in Trust Square's transformation into a global ecosystem platform for emerging technologies.The investment from the Onchain Foundation will support the international scaling of Trust Square's ecosystem-driven business model, including the expansion of its flagship initiatives, Trust Forum, Trust Circle, and Trust Hive, as well as further ecosystem development activities connecting global innovators, entrepreneurs, investors, corporates, policymakers, and academia.As part of the broader strategic expansion of Trust Square's shareholder ecosystem, Inacta Ventures has also become a strategic shareholder of Trust Square Ecosystem AG, further strengthening the company's foundation with additional expertise in venture building and ecosystem development.This expansion builds upon the existing strategic partnership with The Hashgraph Association, which is a shareholder and ecosystem partner of Trust Square.Scaling Trust Square's Global Innovation PlatformThe global innovation landscape is evolving at unprecedented speed. Artificial intelligence, Web3, blockchain infrastructure, and other frontier technologies are reshaping industries, economies, societies, and governance.However, meaningful innovation requires more than technology alone. It requires trusted environments where leaders can exchange ideas openly, build relationships, and collaborate on solutions that create long-term impact.With the strategic investment from the Onchain Foundation, Trust Square will accelerate the international expansion of its ecosystem-driven business model, scaling its flagship initiatives across leading innovation hubs worldwide.At the core of this expansion are three complementary formats designed to create meaningful connections, foster collaboration, and support the responsible adoption of emerging technologies.Trust ForumThe Trust Forum is Trust Square's biannual flagship gathering, bringing together up to 250 global leaders for confidential dialogue, strategic exchange, and collaboration on emerging technologies and future opportunities.Trust CircleThe Trust Circle is a global network of curated gatherings connecting 80 to 100 innovators, entrepreneurs, investors, corporates, policymakers, and academics through meaningful discussions and knowledge exchange.Trust HiveThe Trust Hive consists of agile, invitation-only pop-up gatherings that activate the ecosystem around timely topics, opportunities, and special occasions.Together, Trust Forum, Trust Circle, and Trust Hive create a global platform for trusted dialogue, ecosystem development, and collaboration among leaders shaping the future of technology.Strengthening the Trust Square EcosystemThe partnership with the Onchain Foundation reflects a shared commitment to advancing innovation through collaboration, ecosystem development, and trusted networks.The Onchain Foundation is a Swiss non-profit organization committed to advancing blockchain technology and supporting initiatives that unlock the transformative potential of decentralized systems. Through strategic partnerships, ecosystem development, and innovation programs, the Foundation works to accelerate the responsible adoption of blockchain technologies.The Hashgraph Association, an existing strategic shareholder of Trust Square, is a Swiss non-profit organization driving the global adoption of Hedera-powered solutions by funding innovation, providing training and education programs, and supporting venture initiatives.Inacta Ventures, a newly added strategic shareholder of Trust Square, is a venture builder and ecosystem architect supporting startups, corporates, and governments in adopting emerging technologies. With a presence in Switzerland and the UAE, Inacta Ventures supports more than 100 startups and corporates.Together, these organizations strengthen Trust Square's ability to connect technology leaders, founders, investors, enterprises, institutions, and communities across global innovation ecosystems.Leadership ExpansionAs part of the strategic partnership, Guido Schmitz-Krummacher, Managing Director of the Onchain Foundation, has joined the Board of Directors of Trust Square Ecosystem AG.His appointment further strengthens Trust Square's strategic leadership and reflects the close alignment between both organizations' missions to foster innovation, collaboration, and responsible technology adoption.Executive QuotesKamal Youssefi, President of the Board of Directors of Trust Square Ecosystem AG and President of the Board of Directors of The Hashgraph Association:"We're proud of the growth and recognition Trust Square has achieved over the years. We've always been convinced that a vibrant Web3 ecosystem cannot be built on technology alone but rather emerges through strategic partnerships and cross-chain collaborations. With the Onchain Foundation joining The Hashgraph Association and Inacta Ventures becoming a strategic shareholder of Trust Square, we are confident that Trust Square's global network of Web3 leaders, entrepreneurs, and policymakers will drive innovation, enhance cross-chain collaboration, foster the deployment of viable decentralized solutions, and support the mainstream adoption of the Web3 industry."Guido Schmitz-Krummacher, Managing Director of the Onchain Foundation, Managing Director and Member of the Board of Onchain Ventures AG, Director of Lisk Ltd., and Member of the Board of Trust Square Ecosystem AG:"Our blockchain ecosystem is facing significant challenges, while the AI ecosystem is moving beyond the initial hype cycle and entering a necessary phase of consolidation around its core values. This makes it more important than ever to bring together the innovation leaders of both ecosystems at meetings and events where the future of blockchain and AI can be discussed, shaped, and advanced collaboratively. Trust Square and its team are well positioned to play a leading role in addressing these challenges. As an entrepreneur and an 'old blockchain guy,' I am excited to contribute to this mission."About Trust Square Ecosystem AGTrust Square Ecosystem AG is a Swiss ecosystem builder connecting innovators, entrepreneurs, investors, policymakers, academics, and industry leaders shaping the future of technology.Through its flagship initiatives, Trust Forum, Trust Circle, Trust Hive, and additional ecosystem development activities, Trust Square creates trusted environments where meaningful collaboration drives innovation across AI, Web3, digital assets, digital identity, cybersecurity, sustainability, and other frontier technologies.About the Onchain FoundationThe Onchain Foundation is a Swiss non-profit organization committed to advancing blockchain technology and supporting initiatives that unlock the transformative potential of decentralized systems.Through strategic partnerships, ecosystem development, education, and innovation programs, the Foundation works to accelerate the responsible adoption of blockchain technologies and foster collaboration across the global technology ecosystem.About The Hashgraph AssociationThe Hashgraph Association is a Swiss non-profit organization that drives the global adoption of Hedera-powered solutions by funding innovation, providing training and education programs, and supporting venture initiatives.Through its ecosystem programs, The Hashgraph Association supports organizations, developers, enterprises, and entrepreneurs building the next generation of decentralized applications and digital infrastructure.About Inacta VenturesInacta Ventures is a venture builder and ecosystem architect supporting startups, corporates, and governments in adopting emerging technologies.With a presence in Switzerland and the UAE, Inacta Ventures builds ecosystems and ventures that accelerate innovation and enterprise adoption, supporting more than 100 startups and corporates.Media Contact:Fabio SchlafHead of Ecosystem DevelopmentTrust Square Ecosystem AGfabio.schlaf@trustsquare.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Champion REIT Announces 2026 Interim Results ACN Newswire

Champion REIT Announces 2026 Interim Results

- Resilient occupancy across property portfolio reflecting proactive leasing efforts- Three Garden Road recorded positive rental reversion in selective renewal cases- Proactive retail tenant mix refinement driving positive impact on tenants’ sales- Successfully secured credit facilities for refinancing all debt due in 2026HONG KONG, August 19, 2026 - (ACN Newswire via SeaPRwire.com) - Champion Real Estate Investment Trust (Stock Code: 2778), which owns Three Garden Road and Langham Place properties, announced its interim results for the six months ended 30 June 2026.Summary of financial results 1H 20261H 2025ChangeTotal Rental Income (HK$ million)9491,029- 7.8%Net Property Income (HK$ million)780859- 9.3%Distributable Income (HK$ million)432476- 9.1%Distribution per Unit (HK$)0.06330.0701- 9.7% 30 Jun 202631 Dec 2025ChangeGross Value of Portfolio (HK$ million)56,43256,179+ 0.5%Net Asset Value per Unit (HK$)6.486.45+ 0.5%Gearing Ratio25.4%25.4%no changeOPERATING REVIEWMarket OverviewIn the first half of 2026, global macroeconomic environment was marked by geopolitical uncertainties. Sentiment in Hong Kong’s commercial real estate market showed signs of stabilisation and a selective recovery. Central office leasing sentiment improved notably, while the Hong Kong retail sales recorded solid growth, supported by sustained inbound tourism and a steady pipeline of mega events. Occupancy across the Trust’s property portfolio demonstrated resilience, reflecting proactive leasing efforts. However, negative rental reversion continued to impact the Trust. Distributable income of the Trust decreased by 9.1% to HK$432 million and distribution per unit decreased by 9.7% to HK$0.0633. On financial management, we successfully secured credit facilities for the refinancing of all debt due in 2026 and also expanded our lender pool.Three Garden RoadProactive leasing efforts resulted in high retention rate with over 90% of leases expiring in 2026 confirmed to renew, among them were the major tenants. Occupancy of the property maintained at a stable level of 82.2% as at 30 June 2026 (31 December 2025: 81.6%). Site inspections momentum remained solid in the first half with double digit year-on-year growth. We observed stabilisation of market rents for the property as Central office leasing momentum improved. Positive rental reversions were achieved in some renewal cases.Langham Place Office TowerRental income of the property showed signs of stabilisation. Occupancy remained resilient at 86.2% as at 30 June 2026 (31 December 2025: 86.9%) amid intense competition of the broader Kowloon office market. Wellness and lifestyle operators remained a key component of Langham Place Office Tower’s tenant profile, accounting for 67% of the tenant mix as at 30 June 2026. To enhance tenant diversification, we acquired an international direct sales company and distributors in its value-chain as new occupiers.Langham Place MallTenants’ sales at Langham Place Mall benefitted from the better retail market sentiment. The proactive tenant mix management continued to generate positive impact. The introduction of fashion labels tailored to the mall’s customer demographics resulted in double-digit sales growth in this segment, while lifestyle segment continued to outperform. The mall continued to launch creative campaigns to reinforce its retail trend-setting position. Occupancy maintained at high level of 99.5% as at 30 June 2026 (31 December 2025: 99.3%).DistributionDistributable income of the Trust decreased by 9.1% to HK$432 million (2025: HK$476 million) and distribution per unit ("DPU") dropped by 9.7% to HK$0.0633 (2025: HK$0.0701).Asset ValueThe appraised value of the Trust's properties was HK$56.4 billion as at 30 June 2026, compared with HK$56.2 billion as at 31 December 2025, mainly reflecting mild increase in rental rate assumptions for Three Garden Road.SustainabilitySustainability remains integral to the Trust's long-term value creation strategy. In the first half of 2026, we made steady progress across strategic priorities. On sustainable finance, we secured a HK$3.0 billion sustainability-linked loan with the support of eight banks. Moreover, Three Garden Road achieved WiredScore Platinum recertification, reaffirming its best-in-class digital connectivity standards. Through our flagship EcoChampion Pledge tenant engagement programme, we organised capacity-building and knowledge-sharing workshops to promote more sustainable workplaces.OutlookThe global macroeconomic outlook is expected to remain uncertain. Policy measures to fortify Hong Kong as an international financial centre should continue to drive demand for office in the Central business district, while the recovery in inbound tourists should benefit the retail sector. Three Garden Road remains well positioned to capture future leasing opportunities with its convenient access to both Central and Admiralty business districts. We are also advancing plans for a major asset enhancement initiative to further strengthen the property’s competitiveness. Looking ahead, we will continue to adopt a prudent capital management strategy while remaining agile in the uncertain macroeconomic environment.About Champion REIT (stock code: 2778)Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties. The Trust focuses on Grade A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as a joint venture stake in 66 Shoe Lane in Central London. The Trust has been awarded the top five-star rating by GRESB for three consecutive years since 2023. Champion REIT is managed by Eagle Asset Management (CP) Limited, a member of the Great Eagle Group.Website: www.championreit.comFor press enquiries:Jervois FinanceKenneth TangTel: +852 9827 2880Email: kenneth.tang@jervoisfinance.comAda LauTel: +852 9506 6017Email: ada.lau@jervoisfinance.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Guoquan (2517.HK) 2026 Interim Results: Dual Growth in Scale and Efficiency, Powered by the Dual Drivers of Membership Stickiness and Product Matrix ACN Newswire

Guoquan (2517.HK) 2026 Interim Results: Dual Growth in Scale and Efficiency, Powered by the Dual Drivers of Membership Stickiness and Product Matrix

HONG KONG, August 19, 2026 - (ACN Newswire via SeaPRwire.com) - Guoquan Food (Shanghai) Co., Ltd. ("Guoquan" or the "Company"; stock code: 2517.HK), a leading one-stop home meal products brand in China, announced its interim results for the six months ended 30 June 2026, which have been reviewed by the Audit and Risk Management Committee of the Board.For the six months ended 30 June 2026, Guoquan recorded a revenue of RMB3,946.9 million, representing a year-on-year increase of 21.8%; gross profit was RMB848.6 million, representing a year-on-year increase of 18.3%, with gross profit margin of 21.5%, compared to 22.1% for the first half of 2025. Net profit for the period was RMB213.2 million, representing a year-on-year increase of 12.1%; core operating profit (non-IFRS measure) was RMB225.0 million, representing a year-on-year increase of 18.3%; and basic and diluted earnings per share were RMB0.0807, representing a year-on-year increase of 18.0%.Against the backdrop of a generally prudent macro consumption environment, the resilience of Guoquan's business model was further demonstrated, underpinned by its rigid-demand attributes and value-for-money positioning. Firmly advancing the "community central kitchen" strategy, the Company achieved double-digit growth in both revenue and core operating profit through the continuous expansion and refined operation of its omni-channel instant retail network, with the number of registered members reaching approximately 82.0 million, further consolidating its leading position in the home-dining retail market.Omni-channel Network Expansion Accelerated, with Scale and Store Efficiency Improving in TandemAs at 30 June 2026, Guoquan's total store count increased to 12,198, representing a net addition of 1,798 stores compared to the same period last year, covering 31 provinces, autonomous regions and municipalities in the Chinese Mainland, as well as the Hong Kong Special Administrative Region of the PRC. During the Reporting Period, the Company added 997 operating stores and reduced 365 operating stores, representing a net addition of 632 stores. Among them, township-level stores recorded a net increase of 367 to 3,377, further enhancing penetration in lower-tier markets.Store efficiency improvement and store format innovation advanced in tandem. During the Reporting Period, in addition to 24-hour unmanned retail stores, the Company completed large-store format upgrades for 684 stores which, leveraging the presentation of an enriched product portfolio and the creation of all-day consumption scenarios, effectively drove the growth of store sales; 96 Guoquan camping stores commenced operation, covering emerging consumption scenarios such as outdoor gatherings and countryside leisure. Revenue from sales of products to existing franchised stores was RMB2,581.5 million in the first half of 2026, representing a year-on-year increase of 7.4%.For online-offline synergy, Guoquan relied on its Guoquan APP, WeChat mini-program, third-party food delivery platforms and social commerce platforms such as Douyin to drive deep integration between offline stores and online channels. The Company achieved over 6.97 billion impressions on platforms through its multi-level Douyin accounts matrix, representing a year-on-year increase of 117.8%; stores generated GMV of RMB910 million via the Douyin channel, representing a year-on-year increase of 97.2%. Through a multi-channel, multi-scenario layout and the deep integration of online and offline operating models, Guoquan successfully established a holistic instant retail store network, providing consumers with the "Guoquan Instant Commerce" shopping experience.Dual Drivers of Membership Ecosystem and Product Matrix Significantly Strengthened Consumer StickinessAs at 30 June 2026, the number of Guoquan's registered members reached approximately 82.0 million, representing a year-on-year increase of 63.0%. More importantly, during the Reporting Period, the consumption amount of members accounted for 73.2% of the Company's total sales, representing a substantial year-on-year increase of 12 percentage points, demonstrating the effectiveness of the Company's membership program in building close online and offline connections and engagement with consumers and fostering consumer loyalty. The simultaneous growth in membership scale and consumption share provides a high-quality existing customer base for the Company's revenue growth.On the product front, during the Reporting Period, the Company introduced a total of 139 new SKUs of hotpot and barbecue products, and successively launched or upgraded a number of scenario-based set meal products such as "Barbecue Camping Container Set", "Chongqing Wanzhou Grilled Fish Pot" and "Crayfish Freedom Bucket"; around the drinks and beverage scenario, it launched a variety of NFC fruit juices, craft beer and flavored tea beverages, further enriching its one-stop meal offerings. Guoquan Farm delivered an outstanding performance, achieving an omnichannel paid GMV of RMB240.0 million during the Reporting Period through online channels such as Douyin livestreaming, representing a year-on-year increase of more than 600%, and newly launched a variety of new SKUs such as Monthong durian pulp, tiger skin durian mille-feuille cake, Beihai Cooked Salted Sea Duck Eggs and crispy mini ice cream, further improving the all-scenario product layout.Deepened Supply Chain and Industrial Layout Supports Scaled DevelopmentOn the industrial front, Guoquan continued to promote the integrated closed-loop construction of "production, supply and marketing". As at 30 June 2026, the Company had a total of seven food ingredient production plants, covering core categories such as condiments, meatballs, paste and aquatic products, and beef products, forming a comprehensive and well-defined production capacity matrix; the food production base in Danzhou, Hainan Province is commencing construction, which upon completion will further expand its geographical coverage and optimise the supply chain's radiation radius. The Company's bargaining power in upstream procurement has been continuously enhanced, while economies of scale on the production side continued to be unlocked, providing support for cost optimisation.Digital supply chain management was deepened in parallel. Cooperating with warehousing and logistics suppliers and leveraging 21 digitalized central warehouses across China, Guoquan achieved swift circulation of products through digital stock and barcode management, with most orders delivered the next day from central warehouses to retail stores. Supply chain digitalisation covers all core segments including production, procurement, warehousing and logistics, enabling the Company to monitor supply and demand dynamics from the procurement end to the store end, closely monitor inventory levels, and ensure the timely availability of products for stores nationwide.Coordinated Development of Four Major Store Formats; Deepening Community Central Kitchen Strategy and Membership OperationsBuilding a comprehensive channel ecosystem and fully expanding the sales network. Guoquan will firmly advance the coordinated development of four major store formats, namely large stores in townships, large community stores, Guoquan camping stores and Guoquan stir-fry stores; new stores in the second half of the year will predominantly adopt the large-store format, while existing community stores will be strategically upgraded into large-store models. The Company will continue to deepen its presence in county and rural markets, steadily replicate the camping store format and iterate the stir-fry store format, forming a highly efficient comprehensive channel traffic closed loop of "online traffic generation and accumulation, offline conversion and repurchase".Deepening the community central kitchen strategy to expand community consumption scenarios. The Company will continue to deepen the core strategy of "community central kitchen", closely aligning with the all-scenario dining concept of "One Home, Three Tables, Five Meals", build on the enrichment of the core scenarios of hotpot and barbecue, and simultaneously expand into diverse categories such as Chinese and western cuisine, breakfast pastries, bakery and fried foods, drinks and beverages, desserts and ice products and agricultural products, so as to optimise its full-matrix product offerings.Deepening digital and intelligent membership operations to convey the IP value proposition. The Company will empower tiered membership operations with AI intelligent tools to achieve highly personalized and precise reach; improve its membership rights system and membership points mall; and continue to operate the "Guobao" brand IP, leveraging the value of the IP to foster emotional connection with members and enhance their loyalty.Promoting industrial ecosystem synergy and empowering supply chain management with AI. Upholding the "one-product-one-factory" strategy, the Company will activate the synergy advantages of its seven self-owned food ingredient production plants and advance the construction of the food production base in Danzhou, Hainan Province; through digital and intelligent tools such as AI smart production scheduling, big data inventory monitoring, digitalized quality control management, and AI smart routing and order scheduling, it will achieve the precise matching of production with market demand, the efficient allocation of inventory resources, and a rapid response in terminal fulfillment.Deepening the construction of organizational capabilities and empowering franchisee management. Guoquan will further standardize franchisee management, deepen the development of the two major organizations, namely the Franchisee Committee and Store Manager Hubs, and build a standardized and replicable store operation system; it will optimise its training system, cultivate more career-oriented franchisees, and promote synergistic development and mutual benefit between franchisees and the Group.Developing overseas markets in phases to deliver the good taste of China. Guoquan will focus on launching pilot store operations in Hong Kong Special Administrative Region, China, accumulate overseas operational experience through refining localized operations, steadily explore overseas regional markets in a phased manner, and gradually achieve the implementation of its overseas product business.For the full-year 2026 results outlook, Guoquan expects its total store count to exceed 13,100, representing a net addition of over 1,534 stores; new stores in the second half of 2026 will predominantly adopt the large-store format, with an expected closure rate of below 4%; store efficiency is expected to achieve high single-digit growth; and the number of registered members is expected to exceed 95 million. Guoquan forecasts that core operating profit for the year will achieve stable growth. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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